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FF8 2 2 1MJ

WDM.

BUS.

library

Volume

MONDAY

163

New York, N. Y.,

Number 4465*

Monday, February 18, 1946

Price 60 Cents

Copy

a

General Corporation and Investment News

i®

iv'/..

RAILROAD

INDUSTRIAL

PUBLIC UTILITY

INSURANCE

-

MISCELLANEOUS

-

■■T/iA

Adams Express Co.—Annual

Report-

to the stockholders of American
shares

for

exchange

shares

the

American

two

shares
been
of

Adams

concluded

was

of

of

of

companies

of

International

Express
the

was

of

as

Co.

15, 1945.
deposited

were

company's

determined

American

to

This

holdings of American International
total outstanding ^eapitajl stock
standing stock to 1,477,187 shares.
As

American

investment

Adams'

value

asset

International

of

in

tnat

to

now

Adams

for

shares;-

Increases

the

Fed.

Fed.

.

normal

Addtl.

prof,

exc,

390,851 i

tax

and

surtax

con

for

ting...'..i

amort,

gi Agricultural Insurance Co., Watertown, N. Y.—Report

,
_

1945—Quar.—1944
$818,426
$1,901,751

i™

t

:

220,451

Cr347,500

prior.yrs.

220,461
* Cr39,875

Net

share

5,243,187

profit

,

meeting
on
Policyholders surplus

825,416

140,000 if i 250,000
2

.

74,942 /..

•—_VWV $479,671
share.- $0.49

61.3V of
out¬

"After

$556,274
30,56

deducting $248,011 income tax

standing.—V.

162,

2009.

p.

f«

•.the

$2,044,537

$2.06

shares

the

/ and

out-

now

■

provide

lor the

maturity

U.

Dec.

This

issue

31.

1,

1945, do not include $6,883,500 of the
2 W bonds 1959-62 deposited to

the

4 W debentures

company's

in

net

1946.)

assets

^

t.

before

' Dec. 31/44

deducting

New York

debt •iVVVVi.V-i.V~V-.-' $51,544,400
Funded debt and bank loans (exclusive
funded

$35,782,310

Baltimore
Boston

Dec. 31,

at

1945, of $6,883,500 4'/«%
due
Aug.
i, .1946,
for
payment has been provided)..
"■Net assets applicable to common stock
debentures

1,250,500

1

9,500,500'

44,293,900

shares

of

Exchange—

Stock

Stock

outstanding.—
"Net Assets per share of Vmmon stock

Cincinnati

Exchange

Exchange

1.477,187 shs.

1,325,399 Shs.

Dec.

31,

valued

market

-on

holdings

1945.

at

values

of

$29.98

:

American

1945

:

income

Prov,

International

ACCOUNT FOR

~-——-

Jv___

••

for Fed; inc. tax_

40,000

V

21,417 1

Prov.

25,163

Income

Common

/

$716,712
658,473

dividends

f
•

100,000.

929,736

.

'

26,781 1

>■

$872,984

Toronto

ft: "11,372*

397,229

i "V 28,200

4

■

195,166

Stock

Exchange,

Stock

Toronto Stock

-

_

Exchange

Mark.^ts'sW"--

;• • 731.638

of

$2.2o4.uQGV
fact "that

were
to

the

the

net

attention

119,7%

premium

consolidated

in

the

assets,

common

stocks,

major

18.4%

items

in

2633.

p.

V

include

preferred

37.1%

:

stocks,, and

i/"

■

Co.—Registers With SEC—

$10

in. cash

for

be

preferred for
dividend

cash

share

each

redeemed

at

and

$5

the

$6

are

the

each

share

of

of

edjustments.

$7

$6

preferred, and

and

Any

$5

shares

-

one

preened
not

ex¬

exchanged

redempt'on prices of $115 for. tile $7 and $105

preferred.

deposited

for

If

than

more

exchange,

the

300,if50 sham

companywill

of

allot

old

shares

up
to 25 shares in full and pro rate shares deoosited
by a
holder in excess of 25 shares.
The company also plans,to sell to
$7,600,000 notes and use the proceeds to reimburse its

single
banks

treasury

prepayment
portion

a

exchange
The

Dec,

on

of

31.

the

and

funds

required

redemption
has

company

for

1945, of $2,250,000 27e%
of

its,

retained

notes and to Drovido
connection
with
the proposed

in

old

Merrill

preferred

Lynch,

stock.

Pierce,

Fenner

Beane

&

,> us dealer-manager to manage a group of securities dealers
; acceptances of the exchange offer.—V,
163, p, 773.

to

obtain \

'.-'V

s

937;

-Annual Report

936. k

fhe iipahcial position'of the, corporation
compared wbih Dec. 31, 1944, is. summarised

'•;/

Transactions New York Curb Exchange--—

93614
Averages-^—. 936 V/

-

of

preferred

\

Exchanges-Curb Section—- 93 feu

Stock and Bond

premiums

new
called

was

l,; 1946.

and

) for

932.

Transactions New York Stock Exchange—

•

reserve

its

of

new

will

935 *
935

v

Exchange——

Over-the-Counter

and

Marine

company

share

932

Montreal Stock Exchange-—.4.—,
Montreal Curb Exchange,

1942

30,000

iv 100,000 VV

for contingencies-

,

$1,331,529
166,174

169,032

"

$804,631$810,989

/V

Pittsburgh

397,271
VV 40,000

■

Prov. for other taxes—

Net

1943

$1,432,413

172,106
397,229

——

St. Louis Stock

the

changed, plus

931
932
932

i-oVV'V

State's

Tomlinson

'

921

Angeles Stock Exchange-Vi^VVVVPhiladelphia Stock Exchange—-

YEARS

1944

$1,528,947

474,433

-----

Corp.

fire

20 7a

; / M■"
'!:
.=
proposes to offer in exchange the new sto-k to the
outstanding 355,876 shares of preferred, consisting of
159,575 shares $7 dividend stock, 170,456 shares $6 and
25,845 snares
$5 preferred, all without par vaiue. on the basis of one
share of new

930
930

Los

that at
shares were

business

.

preferred

929

/

Detroit Stock Exchange

$19.82

-

(except

'-"'VVi
CALENDAR

.

$1,686,220
177,385

Operating expenses -+V;
Interest

respective. dates

underlying net asset value),
INCOME

Total

the

at

automobile

Empire
Mr.

premium

19.1%

April

The

1

.

"Based

companies

reason

Of

holders

929

Stock

two

from

company on Feb. 8 filed a registration statement with the SEC'300,000 shares of 4.20%
preferred stock, par $100,
cumulative

/from
,

929

Exchange
Cleveland Stock Exchange

26,281,810

•

from

income

largely due to the ces*ation of war activities
reduction in rates. Agricultural net premiums were

•/-

■

bonds,

for

924

___!

Chicago Stock Exchange--2«4—-

which

Number

Curb

the

$24,069,720.

premium

%V The

—

Dec. 31/45
""Total

of

that

and

11 ',c

Alabama Power

'l.f *.■; :, r:.vf;/' Page
New York Stock Exchange (Stocks)
909
New York Stock Exchange (Bonds)
920

their

at

by

for

assets

record

new

some,

cash of 9.8% .—V. 162,

Stock and Bond Quotations

Government

payment of

Aug.

on

of
S.

as

of

value

unearned

return.'

following tabulation indicates the asset coverage of company's
outstanding securities at Dec. 31, 1945, compared with Dec. 31. 1944.
(Total net assets

consequent

Combined
a

out

of
larger writings of three-year and live-year
'•,i',■,.•;
'■;••
In
speaking of investments, Mr, Tomlinson pointed out that the
''
average yield on cost was 3.46%—a slight shrinkage from the
previous
-/year because of the difficulty of finding sound investments at higher

The

market

declined

/■'business.

•

!,•

lines increased

increase

"V

net

In

pointed

r <89,0i5,000,
and the
pi In this connection,

.J< - , '-f,* If?

by

,

$2,567,000.

Tomlinson

-

business

subsidiary,
at

Mr.
allied

$2,030,716

$2.08

tOn 984,324

Empire State,

Vwent;up $2,344,000 to reach

.

the

American International,
instead of at market value as heretofore/? This is in conformity with
the provisions of the Investment Company Act of 1940.
On this basis,
the net assets of company at Dec. 31, 1945, taking market values for
other security holdings, were 851,544,400.

high
in
surplus,
assets
and
premium
income
was;
this company and Empire State Insurance Co. at the
Feb.
6,
by
Harold
W,
Tomlinson,
President.
for the Agricultural reached $9,774,000, and for

for

annual

4,819,500

.

381,848

■■■#

"74,942

jNet profit per

all-time

reported

87,925,632

;;

company's

valued

An

'

1,164,890

•

"

1945—12 Mos.—-1944

$8,384,514

having

one

or

profit

shares //Reserve

151,788

company's

owned

is

Net

shares'

the

increases

shares

reported

as

of

majority

a

of

213,786

of

exchange for
ratio of exchange

612,686

and

corporation's

shares

the

is

total

acquisition

the

value

asset

A

which

on

for.

treasury stock, the
be 71/100ths of a share

International.

basis

Gross

their

exchange

to

1

Period End. Dec.31—;

made by -company

was

Corp.

The

>

net

relative

Dec.

International

offer

an

Earnings—

s,tenel °°-

..w,

During the latter part of the year,

'

of! Dec.

as

31,

Dec.

-as';5

1945,

follpwef

as

t

-

-

31,.,'45 Dec. 31, '44

in affiliated co,—Blue Ridge Corp,4 $17,917,000 $12,464,000
;iInvestment in North Amer. Co., common stock12,735,300
9,070,675
; All
oiner investm'ts,
plus cash and receivables/
.it nnd les3 lia'oilities other than bank loans
'
/ Investm't

Surplus

V-

2

"$46,752

$9,465

Outstanding com. shs.—

1,477,187

1,325,399

Earnings per com.
•"After

1941,

crediting

amounting

sh.—V/--

' $0.60

$0.59

ision
provision

excess

$79,351

for

1,463,400

f.

Federal

$0.55

capital

'■

tax

v "

.

'

1945

-

Govt,

Accrued

obligations

interest

Amt. receivable
Accounts

in

Inv.

'

State and City Bond Offerings and Sales—

S.

and

40,787

__

(not deliv.)V

Securities

/

324

Corp,i/—2V|

i"/

100,000

28,989,856

—

-——V_V—

Federal

28,082,650

;

944'

_.

System——*———-- 944

.

/

4%
4%

trust

bonds/due 1947;
bond3,

Accrued

interest,

Accrued

taxes

Reserves
,

inch

and

for

Common

due
due

unclaimed

contingencies-;

"f

—

Aetna Life Insurance Co.—Personnel

1,375,500

6,883,500

The

directors

of

the

Aetna

Life

Affiliated

with

trustee

of

4\\%

Addi essograph-MuItigraph

for
.Jan.

nn

1.

"V-w- *¥ft

•

Appointed
due

162,

p.

3185.

■

■/;

SPECIALIST

.is

made,

'

municipal

;

.

'

shares

4,61,:

Dec,

table

the

net

assets

at

Dec;

31^ 1944

are

adjusted

;

to.

lor

purposes

of

comparison-with

net

assets

at

/

Dep.

.

-

with

fOr

retirement

was

newly

Mr.

Provost,

life

agency

in

appointed
were

division
the

G.

members

Albert

and i Dr.

casualty

*

ot

the

Lawton, named Field Supervise? in/hey
R. E. Swarts, named Assistant Surgical:

claim

division.—V.

qAllen

&

directors

of

l0;',"'Wn«cf claims in a
of interest, against

staffin .addition

official

board

The

regret.

The

%

163,.. p.: 645.

..;

u

JERSEY;/?'/

department

„

2-2Rnn




Ridge

Corp/has

authorized

Harrison

American Cities Power and Light Corp. and others,
and after 1929,

■'

NEW

'•'??/"

rails

?'v?;?i§Sii|i

iip;

Compan y

*

INCORPORATED
-

:

t

Members

New

York

Security

*

Dealers

'

the

on

While

basis
no

46

NEW YORK 4, N. Y.
RpU

Teletvve•

NY

1-573

Telephone
REctor 2-3600

NASSAU
.

STREET,

NEW

-

>

f

Association

YORK

Philadelphia Telephone
Enterprise

601$,

5

:

Bell, Teletype
.?

INC.

.

..

PROSPECTUS

ON

REQUEST

,

?
; •

'

HUGH

.

W.

,/v

New York 1-676

!

48 WALL STREET
.

the

William^

H INVESTMENT FUND
!.

,

Kobbe, Gearhart & Company

YORK STOCKS,

DIVERSIFIED

.

er

Blue

Corp.,

ELECTRONICS

INDUSTRIALS

*! ?7

Established 1922

BROAD STREET

of

total amount of Electric than $14,000,000 exclusive
not less
Central States

berf§j'iji,; .transactions.-.occurring .in',

'

Tp)0nbavc

167,485

*

INt

Mnaicipal Bonds

v

80

and

J

Director

FLORIDA & NEW

.

the. above

31,,,1944

,

Feb. .12 V

r

request

Corp.—Trustee

Old Colony Trust Co., Boston, Mass.,-has been
appointed trustee
issue of $2,500,CJ0 ?0-year 2%%
sinking fund debentures

1966.—V.

'

eliminate $105,439 market valuation of 421.757 shares of common stock
of Central States Electric Corp. then held in the portfolio. - This adjustr
ment

on

shares outstanding. Dec.

.

.,

payment on Aug. 1, 1946.—V, 162, p.

Jriie

$130.61,

9.37

int.

-

Total

"Deposited

/-V*

Changes-

Companies

$215.32

('

•

'f

;

Ci

f

$1,241,500

10,510,000.

'.V,
31. 1945,
*■
/ made six promotions in the official staff of these companies, named CK-Net .income.,for the year 1945 (excluding net
V 163,782
profit of $841,725 on *
162,372"'
;. threfe new officers and approved one lequest for retirement.;
sales
of
securities): after deducting all operating expenses, interest r
86,505* "i52,916 i
In the Aetna Life Insurance
Co., H. E. Wright >as elected Auditor:
and taxes was $2,156,996, equivalent to $12.88 per share of
172,489
'124,024
outstanding ,
A. H. Moses, Assistant Treasurer, and Cashier;, L. E. Ames, Cashier;/
class A
(preferredi stpcks, and after deducting all class A stock
1,477,187; .1,325,399*
and F. E.. Provost,'Assistant Auditor.
All four of these officers were
/ dividends; paid
or declared in 1945, was equivalent to-29.5 cents ppr
20,828,293
17,479,994
,; elected
to corresponding positions in the Aetna
Casualty & Surety Co.,/ / share of outstanding class B (common) stock.
^ :/
4,353,418
;p
4,407,670
and the Automobile Insurance Co.
\
'
C Included in the income account was $1,430,244 received as dividends"
Other
promotions
in
the
official
staff- of
the
Aetna
Life
were
I from Blue Ridge Corp. during the year.
These dividends were made-'
$41,215,675 $33,052,874
Dr.
K.
F.
Brandon, elected Associate Medical- Director;, and E, H. / I made
up of $495,4^4,
representing the then markett value of 6,232
: Warner,
debentures to provide for their
.Manager of the mortgage Moan department.
' < /shares of United Light and Power preferred received in March and •
In
the Aetna
3085.
xCasualty & Surety Co., A. W." Waite was elected
$934,800 in cash received in December, -1945•....:'v.%"■
,;/• ?
Secretary of the compensation and liability department, succeeding
Harry A. Arthur, President, states:' /" ■
-*•
v
Secretary F. E. Barber, whose
received

matured

expenses.

stock

Capital surplus
Earned surplus

$1,241,500
1,375,500
6,883,500
4,633,500

1.948.
1946-.

8.882,917

|

1945.

In

10-year 4U%/ debentures,
2'2% loan, due 1954.

=

2,600,0p0 >

applic. to cl. B (com.) stk. $27,180,182 $13,391,720 s

outstanding)

*

31.

'LIABILITIES-

Collateral

dividend™.

assets

j Asset value per share:
■;•/',:v-V'Vws/'1'
/Class A (-preferred) stock
Class B (common ) stock (2,901,940 shares

$41,215,675 $33,052,874

Collateral trust

;

'V;

"183,000
'Total

accrued

Balance—net

Statement of Member Banks of
Reserve

bank loans™—1,800,000

prices and

.

6,903,914

securities

Banks

Reserve

Condition

4,967,045

i

bef. bank loansaccr. div. $37,863,099 $26,501,720

assets

Deduct:

940

-

.

7,160,799

,

Balance—net assets avail, for ci. A (pfd.) stks.' $36,063,099 $23,901,720
class A, (pfd.) stocks at liquidating
•
*

:

Combined Condition Statement of Federal

VV'V.

200,000

bonds———-2.

Deduct;

938

Foreign Exchange Rates

39,103

;

57,616

receivable1 (other)-.

Adamex

Government

Other

dividends—-———

net

dividend

'

941

—

The Course; of Rank Clearings—

\

3,065,239

accrued

Total

950

Sinking Fund Notes— 940

| Dividends Declared and Payable

$1,765,880

2,267,984

for securities sold

Redemption Calls &

1944

$2,755,194-

S.

U.

893

JR

and

-v

fe's;

n

COMPARATIVE CONSOLIDATED, BALANCE
SHEEET, DEC. 31

^ASSETS—'

.

in

to $12,000.

Cash
U.

Miscellaneous Features

$0.48

stock

....

«

V

$58,239

1,463,400

:

NEW YORK 5

LONG and
INCORPORATED

COMPANY
■

€34 SO. SPRING ST.
LOS ANGELES

14

of

suph

,

THE COMMERCIAL & FINANCIAL CHRONICLE

894

\American
At

CALENDAR YEARS

income

49,500

do'snn

39,500

$2,156,996

$923,285

$773,281

$669,934

4,261,382

—

3,726,744

2.885,523

2,977,021

378,156

241,640

Previous oper.
tProfits

surplus,^
sale of sec.

on

.

§Excess

which

first

109,273

*■-'*

;

tLoss

Jr\>

tWrite-off of invest..,—

467,440

—

31-SI-

Balance, Dec..

164,803

♦U.

84,948

S.

7o9,'<82

y

net

♦Asset

$2,885,523

$3,726,744

$4,261,382

$5,960,842

-

surplus

■

:——

1--

$961,415

possible
order.

reasons

,*

as

possible.

market

on

,

,

the

of

holders

1945

10,

.

Fees

•.

-

-;

exchange of shares offered

by The Adams Express

of

an

Corp.;

American

International

"

'

—

v

Bond
Other

Net

V'

transfer

7,206

valued

securities

With

market

at

11,557,772

Interest

-

13,234

192,021.

debentures..——————

on

for

income

'

-

Balance

:

..

of

income——i.—

Net

realized

Adjustment

for

reserve

Total

stock, were offered
series

recovery;of

taxes"

New

1,405,588

..

Premium

June

paid

Adams

7,478,898

paid

Fed.

♦"Before

profit

$100

.

,

market

date
:

would

i

'

Of

value

$25.33

been

have

INCOME

applicable

assets

net

-y:vy.
Cash

dividends

Divs.

rec.

ASSETS—

•

:

.;

•.

:

S.

book

$7,603,226

..

interest

sold—'not

208,976

Total

interest

1

"

LIABILITIES—

unclaimed

including

—

$18,026,988 $18,811,168

'

'

-

y

11,355
131,066

$8,521

$3,714

80,705

$525,437

$697,619

$653,923

Interest on

bank loan-

33,525

35.411

37,339

39,367

35,551

30,241

5,805

8,019

:

Expenses
Taxes

v

paid and accrued

,

' '!

29,864

12,303

70,220

$553,728

293,475
319,050

!•

298,410

78,306 '

82,000

on

Div.

on

pref. stock—
common

stock-

216,245

..

5,350,000

Earned

delivered

securities

on

against sales,

SHEET

receivable

$2,000,000;
common

—V.

177,250

net

losses

of

31,

cost—quoted

sold,

$8,104;

no

par),

$354,500;

option

securities,

Dr$8,109„299,

for

expenses

Net

for

income taxes—

taxes—'—i—

f
—

prbfit

share-.

—

162, p. 2634.

American Ice

.

.v'jitll
'. '

-:.ci

•

$374,048
187,024

$187,024
—
$0.14

1944

$426,703

213,351

redeemable preferred
the

'

,

stock on

a

share for

share

basis.

.?.*

••")

of the company that all the preferred jstock, includ¬
ing the new shares, may be redeemed within a short time and the
company have outstanding only its common stock.—V. 162, p. 2634.
hope




five

the

years

INCOME

prof, taxes

profit

$364,252
Hermann,

1943

1,084.005
744,995
22,165

S.

C.

.

"..

1942

$3,036,890

$5,297,146

746,008
519,070
9,396

its

-

George

Production

income

varnish

at

Amer/jan

304,931

r_

for

the

ENDED
1943

for

30

SEPT.

\

.

1942

$96,773^63^ $67,095,720
50,123,971

393,868

1.900,796

.

2,570,502

2,042,212

'
"

$13,0*8.741

317,190

200,553

$12,023,828 $14,322,812 $18,305,522'$13,229,294

Fed.

8,922C

taxes*.-

;

w

12,735
t9,978,000

6,970,700

-

l99,369;

¥ 11,235

9,695 'j;$

tl4.850,20D

9,600,000

231,671

8,863

-

—

104,972

—

613,250:

691,544

—C

1,319,991

refund

~~-i-'-V

•

——'

—»

Crl,334,066

profit—______

$5,240,034

i'

$2,675,383

2,374,930

.Surplus

$2,752,543-

2,374,990.

-

$2,906,343

2,374,990

$3,855,044

$300,393

stock__

1,187,495

1,187,495

$5,25

$2.25

$2.32

common

mated

post-war

tAfter

renegotiation

Federal

taxes

credit

and

of

minority

$885,115

in

Government

renegotiation

amortization

proclamation.

of

of

■

and

contracts.

for

prior

: "

JiClaims

$2.45

.

tAfter

1943.

refund, of

from

accel¬

Presidential

••,.-*-

SHEET,

SEPT.

30,

Feb. 5.

...

>

.

also

expanded

by

Kansas

Steel

$169,362

and

R.

L.

The officers who have

the

construction

of

new

•

Foundries—Annual

Report—Thomas

The company's net sales for the fiscal year,

S. Government - securities, at cost
$12,112,101), $12,101,276; accounts receivable (less re- *
$13,081), $6,264,885; inventories, $6,235,574; investment and
securities, $1,390,493; land, $2,206,125; buildings, ma-U

chmery,

tools
of

serves

and

equipment

$23,635,062),

ferred charges

(after

;384,371; reserve for taxes
cperating

depreciation and amortization

$10,757,265;

to operation's,

patents

and
goodwill,
total, $46,213,478.
,

$267,055;

(other

reserves,

re-

$1;

de¬

%•

f

$2^

$2,251,145; payrolls accrued,
V
than Federal income), $1,071,701 p

$2,047,621; minority stockholders' equity 1" sub¬
(capital stock $55,150,
capital surplus $17,357.;V
$36,36U>;' $108,873; capital
stock
(1,210,103
shares'par), $24,202,060; capital surplus, $4,310,194; earned
surplus. $10,-'
consolidated

no

surplus

Dr$452,160),

total,

$46,213,478.—V.

162,

stated

value

1386'.

p.

:

(22,608

shares)*

'

American Telephone &
Telegraph

>

The company on Feb.
tail

let

System

the

Mobile

proposed

11

announced

the

Co.—Radiotelephone

Issuance of

Radiotelephone Service,"

service

which

has

been

(1)

describing

announced,

pamphlet,

a

in

and

some

(2)

the

As of Sept. 30, 1945, the .balance sheet of the
Includes, as accounts receivable, cancellation claims amount¬
ing to $2,087,000 that. have hot been finally settled with customers,
principally prime contractors.
Unfilled orders at the close 'of the year

de¬

leaf¬

a

giving specifications for one type of mobile
radiotelephone
suitable for use in the, projected service.
This also

ment

equip¬

contains

of

names

extended
../> r;';. '•*;

:

cities where

trial
;

-:

basis.—V.

it is planned

163.

p.

461.

to

introduce the service

on
•

.

.

\'.4

•.

1

.

»

an
,

^

i

•

American Water Works & Electric Co.,
Inc.—OutputPower

output

of

week

ended

Feb.

■under

the

output

1945.—V.

163.

A. P. W.

9,

the

electric

totp'ed

19-")

of

87,476,000

properties
7"*.499,000

kwhs.

a

company

for

decrepspvof

corresponding

to

sales

Interest

of

July X '44
to

'July 1, *43
-

.

July t, '42

to

Jan. *3, '45 Jan. 15, '44

to

Jan. 16, '43

$2,203,961
expenses

Operating profit

Total

the

1C8%

week

Products, Inc.—EarningsJuly 1, '45

Miscell.

this

^

Dec. 31, '45

and

of

kwh.
the

774.

p.

Period

Cost

for

earnings

—...

—

$2,591,470

$2,779,739

$2,300 813

2,098,783

2,416,184

2,646,693

2,116 998

$175,287

$133,046

$183,818

15,518

36,527

23,955

jDrl,883

$120,695

$211,814

$157,000

$181,033

75.613

94,596

99,034

19,000

57,000

25,000

V

$105,177 1

*=-

(net)

for

August after V-J Day.

•

1945

value,

of

serve

V

were

v

esti- '

in

for

arising
pursuant to

%

1,187.496

•

$1,490,808

years

facilities

emergency

$377,55?'$234,477

stockholdings.

1944

-

2,671,866

1,187.495

Earnings per share_*—

''Bell

before deducting provi¬
renegotiation, were $74,234,000, as compared with $80,971,000
for 1944.
A large portion of the company's unfilled war orders was
canceled in June shortly after V-E Day,
and most of the rest in
;

income

$1;,788,837 813,928,944 $17,988,372

renegotiation

Net

Drever, President, states in part:
sion

YEARS

'

^?*co3;„^om.mon, stock ln treasury afc

City, Mo., and Ottawa, Canada, and a
new
plant at
Chicago Heights for the Keystone Asphalt Products
division.
Construction of additional buildings at Kankakee, 111.,
and
Marietta, Ohio, is already under way, and a program of improvement
and expansion of all plants will be pursued during
1946.
The company is also increasing its distributing facilities and expects
to add during
1946 to the ten distributing units now being operated
in key cities.—V. 162, p. 3187.
plants

net

1944

''

cos.»-

Common- dividends;

purchase during 1945 of four companies expanded
operations into 'Canada and the Pacific Coast.

facilities

total

"

257,242

$217,541 'V
LaVallee,

:

.

company's

manufacturing

the

ACCOUNT,

•

Disc, on saleSv--—>
Loss on sales of 8ec,, &c.
Misc. deductions*—J

426,604

-

$316,845 ;

Beaver,

reelected directors on

were

Eathings^^tc^dK

1944

—r.--

M.

y'- ~

&

taxes—

interest

U.S.

<

%

,

were wide fluctua¬
to year,. and in addition to the loss
ended Dec. 31, 1935, there was a loss

60,464,867

expenses—,.*

Total profit

company

is

for

year

.

Net

options effective Nov. 19. 30.408 shares have been redeemed i
for cash at $100 a share and 5,361 shares converted into new cumu-s
It

from

Net pro*'.t from oper-

sidiary

,

Co.—Redeeming Preferred Stock—

"!^'r

r

<

74,673.144

*

$213,351'
$0.18

exchange
lative

1945

$13,438,657 $11,389,058

1,217,467
853,215

profits

Ohio.'

land,

has redeemed for cash or converted all but 20.722
shares of its old non-cumulative and non-redeemable preferred shares,!
an
official of the company stated on Feb. 13.
Under surrender or
The

Grover

The

1945-id

31—

other than
income

Earned per common
—V.

-v—

profit

Oughton

.

.

f

previously served were *reappointed.
Kenneth E. Clarke was made a
Vice-President in charge of the Fer'oert-Schorndorfer division at Cleve¬

Operating profit after repairs, deprec., and res.
Reserved

1

$8,741,003.—V.

American Hide & Leather Co.—Earnings—
Dec.

>

>•
•

Ended

Net

$615;

warrants,

total

'

^

Months

Minority

interest, $1,458;
total, $8,741,003.

162, p. 3187.

6

—:

Inc. and exc.

$13.- V

accrued

Sdles and

American-Marietta Co.-

excess

value

income

7,606,226

$18,026,988 $18,811,168

..

Years Ended Nov. 30—

1945

market

1,000,000
2,531,186

9,047,773

162,. p. 3065.

Sales

undisturbed investment income, $1,906,677;

$9,785,010;
sales

DEC.

1,000,000

—

'

ASSETS-^Cash, $6,990,804; ^- U.;

2,531,186

——

—

2,428

•

'

\

'

v

.-1,641,660

..earned
»■

losses

and

$13,887; ■ accrued
expense,
$11,961;
secured bank loan—due July 1,
1950,
stock (27,609 shs. no par), $2,760,900;

$4.50
(354,500 shs.

on

gains

taxes,

$16,752;
preferred

stock

capital surplus,

at

securities

for

OF

banks $197,858;

in

LIABILITIES—Accrued

payable,

AS

securities,

cash

$8,533,583;

accounts

determine

(1,000,000 shares no par)_

Earnings bef. income

ASSETS—Investment

accounts

used to

1

:

^r.^^?IL^TIE^~Accounts Payable,

sold.
BALANCE

839,715,

was

10.3

208,320

o,724

16,674
13,615

miscellaneous

.1,900,000

stock

Total

300,000

177,250

21,438

-

(market

5,750,000

due June

$487,210
'

•Computed without regard to net profit on sales of securities in the
amount of $713,247,
(1944, $547,332) which was credited to surplus. '
The actual cost cf the securities, identified by stock certificates and
bonds

Adams Express Co.,

surplus
surplus

Capital
,

income

•Net

Divs.

12.8

CONSOLIDATED BALANCE

1954

30,

Common

8,050

$500,961

208,610

taxes—

20,176

$11,281

/

-

——

loan—The

4 lA7c

25,021

7,454

$438,253

income

Federal

,

1952

5.0

15,235

3lA%
gross

Declared

$17,358

7.8

•

60,000

loan—Bankers Trust Co., due Jan. 1, 1954
loan—Bankers Trust Co., due June 30,
—;

3%

137,479

\

34,315

for contingencies

Reserve

$641,649

•

.

and accrued taxes & exps.

accts. payable

Other

15,195

57,269

Total

;

erated

.

$616,914

<

matured

.interest

Dividends

% of
Net

Amt.

*4.9

•Appertaining to outstanding
-

$3.08

year-—$2.00

'

and

Shares

1,086

1,279

—

——

r

-

11,281,206

64,263,748

39,662

961,415

'44,732

^Acoounts - receivable—other

Accrued

2,100,891

*,'/-•

'delivered

A

_

9,133

\

above

1943

225,459
1,841,375

—-———-

securities

for

receivable

Amounts
■

dividends

and

1944

50,283

—

-

Additional provision for

1,100,000

*

—

"

■

*2,494

12-31-25——

liClaims- for

Obligations

■■

..,

12-31-30—159,105

$14,763,859 $15,493,139

,

*

17.358!270

50,608

12-31-35———

—

31

DEC.

<

=-$343,692,140
39,854,002

12-31-40-^—117,013

•Net*earns, of sub.

values:
——

•

:

'
re-

Depreciation a—1,315,450 *! 1,394,233
Amort, of emerg. facil.; 164,317
1,383,872

400,000 :

1945

Securities—

Government

Accrued

'

income—

Interest

'

3,300

$9,047,773

-

Cash

.

*

$$ -

SHEET

;

which

the method

surplus.——

stock per

common

Miscellaneous

Allied Machinery Company of America

;

-

.,1943
1942
y.; $511,503; $488,975

——

■

U.

;

;

that

•

YEARS

earned

1945

396,900

•

1945,

year

5%

28,000

.1——-r—v

BALANCE

~

Portfolio

General

-

stock

on

.

CALENDAR

.19451944

$468,168

——.

securities-

in

FOR

stock

common

share.

per

ACCOUNT

the

to

$8,403,126

from security transactions.

loss

and

Inwestments-f-at

>

value,;
stock.
The
$20.19 per

share,

per

to

Gross sales,
less
dis¬
counts etc.————*$73,733,531 $80,970,797

Dr2,753

'

to $26.08 per share of common
comparable net
asset
value of the common stock was
share as of June 30,1945 and $17.61 per share at the close of 1944.
If all warrants entitling holders to purchase 20,500 shares of common
stock at $12.50 per share had been exercised oh Dec. 31,
1945, the

of

of year--

fiscal

,

,

net

Reserve

Earned' surplus,.end

of

assets

liquidation, is equal to $434.81 per share of preferred
deduction of tne preferred stock at its liquidation

after

of

i»

in

Costs

L——„
debs.u—

inc.; taxes for prior year—

the

employees-^-«---i_!;i_i-_.i^ii 146,125,194

-

from

loan

redemption of 5V2%

on

for addit.

Prov.

of

redemption

on

-

and,

of all

CONSOLIDATED

'

551,068

•

450,000

Express Co._—

Premium

applicable to its outstanding capital stock as of Dec. 31, 1945
This figure, which is intended to indicate approxi¬
value
rather
than
the
amount
which could be obtained in

actual

r>

shown

33,000

stock—

common

in¬

$375,913

$9,539,073
on

^

year

on

.

..

•Loss.

'

surplus

Dividends paid

fiscal

taxes

the

of $1,750,000 for
1938, which reduced
five years ended Dec, 31, 1940.

16,484 >

York ; State;

—:—-—.

COMPARATIVE

net

■

.

r;'.

investment

Americai.:_———.—_—

Machinery Co. of
from

transactions—_i*c
in Allied

the

During much of the above 25-year period there

$375,913

$477,775
7,606,226

security

gain on
of

for

Federal

lneome-ii*,—

on

5 years to
5 years to

60,000

Co.—Annual Report—

the

show

nationsr

carried

years to

20,712

$537,775

contingencies.

allied

$ years to

217,082

19,874

♦Net income for year-

for

the company's liability computed in accordance with
for previous years.
-

..

19,500 Kx'.;:-

——

for

Provision

alphabetical

quotations,

refund for

'

,

alphabetical

preferred

renegotiation

a

Period Ended—
Net Sales
4% years to
8-30-45——$346,692

97,748

tax——

taxes-J—-.'-—'.

other

$1,200,000

reserve

—Net Income—

.

40,599

-

;

of

1

3,903
4,019
28,177

etc

Co

Trust

*

4%

tions

$12,004,535.

mate

is electing to recognize
In increasing our claim
$1,319,974 to $2,165,365 for the

result

considering the relative signiticance of the above figures for the
years, the following comparison with earlier five-year totals
is presented: (000 omitted):
last

13,448

10,654

Express Co,

refund

a

11,800

-

loan—Bankers

on

Provision

company
were

v

In

r

8,700

,

expenses

loan—Adams

close of 1944.

the

-

President's
amortization of emer-

of net sales—-

„

expenses
on

to

following figures

Per share

i 1944

23,963"

taxes,

cover

income

*fe

agent
?\

expenses—fees,

redemption

Interest

share and accrued dividends.
The $4.50 pre¬
of which there are outstanding 27,609 shares,
is' similar in all respects
to the former $6 preferred stock with the
exception of the dividend rate.
Payment of the $2,334,310 required
for
redemption of the 21,221 shares of $6 preferred stock not ex¬
changed
was
financed
in part with available funds and in part
through an increase in the 2% bank debt to $2,000,000, which com¬

at

•.

the

company

Per share of common stock per year.
and paid

.76,998

;■■■

_

registrar,

—_

indenture

4,261,382

1945 at $110 per
stock, series B,

with $1,700,000

the

fiscal

deduction

Dividends- declared

$839,104

6,000

custodian

Interest

ferred

pares

of

this

a

the company had provided for that
year.
This compares
renegotiation refund of $15,200,000 for 1943 and $13,500,000 for
provision of $500,000 has been made in the company's ac¬

Federal taxes

.

66,760

——

—

of

expenses

agreed

year

Total compensation

'

$8i)6,981

—

•

and

13,910

share for share, into a new $4.50 preferred stock,
and all stock not so exchanged was called for redemption on

B,

Under

the

to

in

with

4% Years Efid. Sept. 30, 1945—
'
Net sales after deducting provision for refund due to
negotiation of government contracts-*!;

'

is not always

exchange,

30,

$1,383,872.

the

amortization

deducted

was

compares

A

for

und

$13.98

$20.30

-

Legal fees

:'•>

$6

of

Net
greatly bene¬

company's operating results for the
eqtire war period, including the fiscal period of nine months ended
Sept. 30, 1941, during which period a substantial volume cf war
material was produced for the defense
program of the United States

"

May

of

1944

balance

which
which

:

five

the

purposes.

which
a

The

3,763
t

,,

—

transfer

On

than

followed

4;793

7.650,000

-

Credit

an

in

purpose

The

facilities,
$164,317,

which was charged against the

covers
,

,

'

income

65.362

'

fiscal

counts to

debt:

values at the ■ respective dates.-

'

'•

shorter

to

1942.

7,650,000

5,350,000

—

of

1'

1944

•

"Trust

yy.

American European Securities

policy.

only

from

with

'$5,350,000 v:'v :' 4,736

stockholders

and

.

it

;

1945

Directors'-fees

of Dec. 31, 1945,

as

to arrange companies in exact
However, they are always as near

position

to

will

come

2,101,721

1945

$26,270,166 $26,077,563

$26,410,221

mechanical

this

of

emergency

the deduction of amortization

*1944,

COMPARATIVE INCOME ACCOUNT, YEARS ENDED DEC. 31

L

77,250

ii,2itt,oao

NOTE—-For

policy of amortizing its

period

a

1945 in determining taxable net income.
This election will also
in adjustments of taxes
an^ renegotiation refunds for the years
1944, inclusive, amounting to $1,334,066.
Under the provisions of the Renegotiation Act the
company during

21.637,473

——_

result of

a

to

2,600,000

5,960,842

aggregate market value was $34,878,450
Dec. 31, 1944—V. 162, p. 2138.

♦The

of

accelerated

31,'45 Dec. 31,'44

$1,841,375

Provision for Federal

and

conservative

basis

facilities for tax purposes,
amortization, which

gency

2,828

7,476,940

;•.

—

in

same

13,987,473

$24,948

.—•— -

T0tai

the

the

on

f proclamation of Sept. 29, 1945, in regard

Dec.

at

———

Total

;
QQn

surplus

Capital

figures

stock—,—20,308,359

•

$26,270,166$26,07.7,563

------

.

stock

the

.

the
Dec.
'

155,965

payable and accrued expenses-——
$13,887
Notes payable to banks—-—1,800,000
Dividends payable __.-__--v.-___--—-—-•
69,364
Reserve for income taxes—.
118,424
Due to brokers for securities purchased—*.—
Earned

pertinent

stock——

Corp.

3,423

Accounts

Capital

result

a

amounted

year,
for

corporation has
become a majority-owned subsidiary of The Adams Express Co., which
owned at Dec. 31, 1945 61.3% of the stock of American International

140,770

^79,024 V

r

---------- ---

---------

as

investment

1940

common

Salaries
,

the

_

loans:

31,

♦Based

1944

dividends

LIABILITIES—

accounts

own

result

common

Co.

receiv. & accrued int,
,14,812
Due from brokers for securities sold-*.—.
-----U. S. Govt, securities——-—2,uuj,20u
Total

its

facilities

for

applicable to

As

1945

and

Dec.

$23,170,080 $25,776,405

-

—

Cas^r ——I-Aocounts

fited

the

♦Net assets per share of

♦Net assets

SHEET, DEC. 31

BALANCE

in

emergency

of

one

income

followed

more

from

as compared with
at the beginning
>r'■' '■;;-vv.".,t
.-*/■'.
in the consolidated statement

regular products

years over which amortization was then allowed for tax
income for the fiscal year 1945 of $4,905,968 has been

and the, othera
like

in May,

31,
1940—$5,350,000
31, 1944——--—-—
5,750,000

Aggregate

set up on books.

ASSETSwdmenfs

summarises

for each $1,000
Trust Co. loan:
.
.,

•fysgyDec. 31,

received in liquidation of

Electric

♦

directors

of

regular products)

and

principal adjustments reflected
•1 V[i
relate, directly or indirectly,\ to the amortization of the
by the company in emergency war facilities.
As inrdicated in previous reports the company early adopted and
consistently',

Corp.-—Annual Report—

coverage

Dec.

amount,

purchases.
^Excess of final dividend
Power Associates, Inc., over amount

quent

meeting,

same

for

amounts invested

^

before

assets

Bankers

.

■

shares of common

421 757

nominal

the

/

(all

equipment

war

The

;of
•

,

obligations-——1,102,353
deducting loans
25,658.359

Government

Aggregate loans

stock of Central States Electric ^01Ptin 421,757 shares of common stock and 6,000
shares of preferred stock of Central States Electric Corp.
tComputed
on basis of average book value, based on April 29,
1933, market prices
tn
investments acquired prior to that date, and ccst as to subse¬
♦In

at

election

February to the first Monday

hand—*..

on

uec.

at

voted

annual

and

agents

'»

v

162,**88

304,368

756,128
543,13j

'

its

serve

demand.

were

the

cf

following tabulation
1945 and 1944.

♦Total

optl. div.

stk.

A

date

,

A

class

series
paid in cash

stock
CI.

!

'

.

.

——■——

conv.

;:,i.:

.

—

(net)
on

Monday in

Cash

sales of secur-

on

amendments

the

better

to

$J,'.6o,108

$3,973,981

$5,033,190

$7,260,104

-

—

ities

arrives

The

31,

Divs.

charter

changes

time

growing public

a

American International

vestment

Total

1946,

$16,000,000

for

year,

year

5,003

——

the

meet

in¬

of

11,

removes
an
unnecessary
restriction against directors holding
office in any other fire or marine company.—V.'
163, p. 305. -

3,881

73,537

when

Other

the

of

,

adequately

to

$44,000,000

adjourned special meeting of stockholders held Feb.

an

amounted

J.-—Amends

N.

was

prepared

—

Adjust, of prior years'
capital stock tax——
♦Reinstatement

,4~

/

,

conting.—

for

reserve

841,725

from

transferred

Amt.

181,779

b5,000

96,750
■

Net

$891,213

$1,139,766

143,855

Oper. exps., taxes & int.
Prov. for income taxes,

1942

1943

1944

1945

$2,397,602

interest-

Newark,

'i;.V-"1

pany

.....

ACCOUNT FOR

INCOME

and

Dividends

-".v.'.

...

voted to amend the charter of the company to enable the com¬
to-do a multiple line business.
'
,
/< , 1
By recent enactment, the laws of New Jersey authorize Fire Insur-;
ance Companies
and Casualty Insurance Companies to write all kinds
of insurance heretofore written by either of them.
Taking prompt action to broaden its charter powers, the American
has anticipated a new trend in the insurance business. Through mul¬
tiple facilities and combination policy coverages the company will be

it

Ridge Corp.

stock of Blue

common

;

of

Co.

Insurance

Charter-—'
••

Monday, February 18* 1946

income

„_

,

charges —

Provision for Fed. taxes

1,:;0.)48

.

.

27,761

company

*

Net

—V.

profit

163,

p.

•;--7

,

186.

$26,082

$60,218

$32,967

.

$4,024

'

Volume

i

THE COMMERCIAL & FINANCIAL CHRONICLE

163; l'Number"'4465

American Power & Light Co.
■

Subsidiaries—

w5 >

i.::
Operating revenues—,,...,.

^ (■*.

,,

•

^

.

expenses

33,262,913

Federal-taxcs__j_^^'-;-_i

34,837.535

135,099,106

55,758,211

2,490,556

53,065,745
18,710,458
9,852,048

1 9,958,713

2,919,308.

10,484,005

In

140,7*2,532

13,878,040

11,719,351

Other

:5,228,7B5

2,577,693

depletion reserve
Net

oper.

Other

to

L_.—
de-

Income
public,

397,102

Mr.

of

Amort,

plant

Balance

21,846,739

-6,003,739

5,264,753

'-i
-

Income1

divs.

to

1,382,339

1,536,195

5,639,530

4,467,544

NOTE—-For

24,484

.V.'.'[■■■■

■/'•v >'

the

16,660,861

16,207,893

51,360

79,316

145,276
571,882

2,239,950

77,604

65,646

268,031

3,723,886

3,326,197

•FulT dividend requirements applicable to
earned or unearned.

and

result

of

volume

is

as

deductions
the

with

for

approximately< $250,000,000.
were $106,002,204.

for

total

the

billings

and

Federal

share

per

allowable for
refinancing in

of

the

At

"Interest

effect

respectively,

of

to

debt

public and other

"Net equity
subsidiaries."

this

and

"Net equity of American

of

(net)"

of American Power & Light Co.

supplies

purchased

and

profits

excess

taxes

of

alone

1943,

FINANCE—The

AND

Baldwin

and

is

consolidated

the

after

U—u

163,

$511,261

—

2266.,

p.

$7,317,748

of

facilities—

emergency

of

the

the

year.

This

per

share

on

ASSETS—
Cash

with

compares

1,274,152

shares

owned
billings

equal

1944

$485,567

—

liquidation,

$650,045

estimated
80,850

and

accounts

offers

to

receivable....

80.850

213,673

purchase

~5"666

50,500

receivable

35,728

646*.210

1,055,822
and interests

profit

a

on

Dec.

Due

therein, at cost

in

of

381,893

193,966

2,827,657

2,002,185

.

U

and

bond

prod,

on

purchases—

Due

contracts

in

Reserve

(at

accounts

cost)—.—

1

V

,

and

others

taxes

equipment

(net)—;—

Deferred charges

32,387

■

972,674

31,706

1,033,204

321 KR4

10,000,000

10,000,000

3,000,000

3,000,000

7,237,891)

3,587,530

..^l.

—

(par

4^1 296

13,276

.i.—.

expenses...—
income ...

$50)—
—

.

——

Brl,613,615j
$21,130,957 $18,111,131

162,

563.

p,

i'

"Oct. 9,'44

from

bank

stocks...

Interest'.

■Provision
Interest

$42"* 051

4,880

(net)

*

'

$95,943
12,265

54,42£

(v

910

•

'

$427,941

45.446

,

.—...J

fees

sale

on

13,801

expenses

fees

Directors'
Loss

income

and

Trustees'

tu

"Oct 9. *i»4

.

Miscellaneous

Salaries

tDec. 31,'4'1

to

Dec. 31, 45 Deb. 31, '44
$613,890'
$94,227
.171
806

"

Dividends

of

•

for

'3.800

z

£

v

temporary

taxes.

4,050

x

invest. '?

"

800

'

*

-

:—J„■

paid

32,699

■'

3 029

4,858

;

39,233

___£u£vf(;vxv:-2,766\
'' " * "

'■

''

"

...$533,918

'

Deduct;dividends.;declared.l££^££R

'

"

^Report >'of. .Baystate Corp.
tFinal
Associates, predecessor company.

report

""

$78,020

449,277-'

.

.

of

$936,433

112,862

282.156

Old

Colony

Trust

*

'.

'

*

*

BALANCE SHEET.

DEC.'31

.ASSETS—

;

in. shares

of

11 banks
Unvestments
Bank

of

1944

1.945

flnvestments

capital

stocks

of

'$11,688,040 $11,160,373

—u—

in capital stock of First National
Boston...—
w——
'->**■

i,060,000

540,000

Investment

in; 4,035
shares/ each $10 par
value, of capital stock of; Qui ncy Trust Co.,
' '
'
Quincy, Mass., at quoted market price
—:■■/.'
United States
obligations......" 58,500

296,553

.

.

,

?• 1,090,719

Other

32£317,630

165,147-

97,502

34,022

...

Year

1/236,150

32,307,394

2on oao

•'

8,538

Ended

and accts." receive

realizable within one-year———.
1
26,580
profits tax post-war refund credit——
1,315,136
Investments
—1,219,783
not

$328,096

37,500
x-

surplus

-

.35,349,315

Excess

$407,468

—.

Baystate Corp.—Annual Report-

,

61,322
17,679,369

21,136,844
25,059,097

53,102

——

Total

3,346,902

984,751

•

.

.

Operating deficit

$7,698,511

61,322

1,047,732

receivable.......

1943

%

30,870

1,870,366

:

•

30,002

companies..

for

Deferred

year.

142,451

——————'

and

shares

Participating preferred stock
Common stock (par $50)

1,150,000

credit instr. and acctsK receiv.

plant

affil.

I $21,130,957 $18,111,131

brokers

to

973,487

—

Notes &nd other credit instr.

Property,

&

&

'RV

for

process

—

char¬
ter amendment changing the name of that corporation to Archer Mills,
Inc., A.
Straus, President, announced on Feb. 8.
In
addition
to
women's hosiery, the company is manufacturing foundation garments.

preferred

brokers

Reserve

$3.67

849,044

—

in spec, bk. accts., see contra )—
Treasury certificates of indebtedness—
Sundry securities

a

sub.

(r,V
income

$13,147,671

(depos.

-

to

;Net

,v

4,763,602

30,333
x,

...

-Escrow:,funds-;held

DEC. 31

,

4,739,681

■>

——

dividend
payable...
Deposit received under sales agreement..

4,840,157

'

G6.241

6,732,922

owned

—

Preferred

382,866
401,685

equivalent to
Dec. 31, of that

62,282

10,119,238

majority

—

-"LIABILITIES

opera¬

1943
on

B. S.

Notes and other

stock

Capital

the

to

receivable

adv.

from

1943

J944

General, funds I

$6,390,830

advances

corporations....

4,840,157

5

taxes

and

-charges
&

Total

31,

500,000
5,264,465

BALANCE SHEET,

,

Cash advances

of

interest

in

Treas.

$11.77

to

405,222

outstanding

deposit and on hand:

on

Employee

Mills have voted

Hosiery

Inv.

provision;

908,239
i

CONSOLIDATED

>

Archer

1945

.

securities

Accrued

deducting preferred stock dividends of $163,029, the.remainder
profit for 1944, $5;101,436, was equivalent to $3.81 per share
1,338,405 shares of common stock outstanding at the ■ end of

the

Archer Mills, Inc., Columbus, Ga.—New Name—
stockholders

in

under

interest

Deferred

>

5,764,465

;

Inventories

The

hand.

on

.

profit for the year-

of, net

reduction

,

659.716

31

receivable

Other

the

—

After

1946—12 Mos.—1945

$510,070

DEC.

value

brokers

subsidiary

■

-V.

Interest

Net

Angerman Co.", Inc. (& Affiliates)—January Sales—
Sales

;:

—210,575,974 221,545,903
income and other taxes,
deprec., amortiz. of emerg. faci!.'and interest
24,700,685
27,159,198
Taxes oh;income; and other taxs
18,671,087
17,660,060
Depreciation •„_
1,410,185
1,415,915

t:

1946—Month—1945

and

results

Profit before prov. for

charges of $982,520
and, $817,546 applicable to the 12 months ended Oct. 31, 1945 and
1944, respectively, which certain of the subsidiaries are required by
orders of
regulatory commissions to make against surplus for the
t disposition
of plant adjustments and plant acquisition adjustments
accounts.—V. 163, p. 185.

Period End. Jan. 31—

814,935
SHEET

Participating interests in mortgages, real estate
etc., at cost, less reserve for depreciation

wholly owned subsidiaries for the years 1944
renegotiation of; war contracts, are summarized as

Salfes

The above statement does not give effect to

'

$2,035,989

stock

.BALANCE

banks

made

Securities

its

on

<?

yj.

share.
16,090 preferred and common

months

7--v;\

of

wholly

$111,887,520;

was

Provision for reserve for contingencies
—
Balance of net profit transferred to surplus—

(4)

A-—.

$2,850,359

estate, equipment and interests therein, at
cost, less reserve for depreciation
IV

$2,122,541.

was

Amortization

1945, and, in addition, a substantial
Of Federal taxes on income of subsidiaries for the year 1945.

end

1944

in income of

31,

from

Accrued

to

(3) Upon the retirement on Dec. 15, 1945, by American Power &
Light Co. of its debenture bonds and the Southwestern Power & Light
debenture bonds,
the non-recurring deductions of unamortized
debt discount and expense and of the amount in excess of principal
amount paid upon retirement, allowable for Federal income tax pur¬
poses, is expected to result in a reduction of approximately $220,000 in
the provision for income taxes of American Power & Light Co. in the 10
Oct.

in

Deposits

follows:

Co.

ended

its

the

EARNINGS
tion

*

thus neutralizing

the

company's common stock outstanding
provision for' all taxes is equal to $13.95 per

and

And

expense

deductions

833,700

:-r~.

the

income

stockholders

offset by accelerating the
(included in the item,

was

and

discount

on

Due

5 *

and

company

The total amount paid in dividends to

Co. in income of subsidiaries" is approximately $250,000
more in the 12 months ended Oct. 31, 1945 and 1944,

1945,

always

1944

year

for

amounted

taxes

for

provision for Federal income taxes in the three and 12 months ended
31,

•'

banks and

in

Loans

(2) Non-recurring deductions in connection with the refinancings by
resulted in reductions of $3,956,004 and $7,421,247 in the

amortization

Cash

alphabetical

subsidiaries
Oct,

699,277

taxes

...

preferred

on

' '
tf ASSETS—

$18,671,087, including Social Security taxes,
$1,218,497, Federal income and excess profits taxes net of post-war *
reiund credit, $15,750,298, and Stale income
Provision
taxes, $725,000.

.13,675,828

Respectively, than it would have been except for such benefit.

income

State

—

.

alphabetical

near

$2,735,266

334,642
and

.

not

exact

1,125,530

$4,018,701

;fc

—

Federal

income

Dividends

all employees,

materials

of

2,318,517
384,240

13,782,369

of

$221,545,903

1944,

non-recurring
in connection

purposes

457,239

.

respective periods whether

1944, of Florida Power & Light Co,

$1,250,000

1944 were
unfilled orders

number of

16,835,824

413,750

571,506

surplus..—

Power & Light

Net

for

realizable

always

are

it

reasons

companies^ in

1944

$1,609,736

1,578,985

...

expenses

Provision

dividend of 25 -cents per -share on the
March 1 to holders of record Feb. 18.

mechanical

arrange

31

1945

$2,439,715

income

Operating

was $210,575,974 compared with
year
1943, a, decrease of 5 %•. The total
in the Baldwin group, decreased from 20,095
on
Jswi. 1, 1944, to 18,361 on Dec, 31 of the same year.
The total
compensation paid to all employees in 1944 was $60,950,415;* the cost

of.

174,963

16.704,160

4,506,690

4,054,823

Income taxes..

January,

to

year

subsidiaries

16,660,861

16,207,893
496,267

4,455,330

159,397
■

a

Total

•■'''
t.

a

DEC.

'

1

sales

on

operations.—V.

•

final 1944 report has just been issued.
The results for the
1944 are after renegotiation of war contracts and are thus
comparable with the figures given in the final report to shareholders
for the year 1943 which was issued on Dep. 20, 1944.
Total unfilled orders; on the company's books at the
beginning of

"V;

-

4,455,320

3,896.426'

.■

tax

5

.

YEARS ENDED

"

'

Miscellaneous income

This

The

deducts. ;;r

As

Profit

year

year

—_

income

daily

Baldwin Locomotive Works—1944 Annual Report—

I':

47,840

.

-v).<$$ \■

3,895,426

Light Co.—
Net equity (as above)

NOTES—(1)

of

'

w.

'!

<

one,

V-:

-

ACCOUNT

trustees
new

Real

American Power &

Federal

a

First mortgages

'

Balance,

■

possible

16,708,701-

16,232,377

12,214

-12)156

.

other

of

is

6,431,262

equity of
com¬
:
pany
in income of
subsidiaries

Int. and

board

activity and expansion.
chafgeo! general policy, wnile

management

•:

board

the
the

23,139,963

Net

-Expenses

the

assume

13,

increasing

active

However, they
position as possible.

21,871,907

;

Other income.

will

in

year ago, taking Into consideration accumulated unpaid
participating privileges of both classes of stock.

INCOME

Deposits

mi¬

to

interests.

companies'

continue

Feb.

on

of Chairman of

order.

6,003,739

public—

applic.

nority

(

common stock,
par $5, payable
During each of the liscal years ended Sept. 30, 1946, and 1944, a
total of $1.25 per share was paid In dividends on-the eommotv stock.
—V. 163, p. 306: ' ' 5' '«
■, ■
t

<>25,168 '

Or25,168"

3,907,582.
Portion

the

of

a

and

-

Automatic Canteen Co. of America—25-Cent Dividend

■

£ 5,289,921
»Pfd.

:

announcement

will

66.-

p.

23,139,963

367,20^.

Misc, reservations of net

S-

'

527,134

1

405,987

—1—

.-truBtee- of the pompanies, succeeding Mr.

$; The directors have declared

16,099,120

T 989,024

dividends

a

,

acqui¬

adj ustments--«

sition

20,979,624

4,051,626

6,959,138

Bogardus

'-

39,766,217

-

with $147.60

and

i'

etc.,

deductions(heti£^_'j:

,

•43,815,387

12,629,878; 10,422,572

Winter

■163,

J&S 381,426

101,726

because

Mr..

39,384,791

828,537

Tuttle, formerly Vice Presideht, has been elected

'■

making-the

created

23,921,466

42,986,850

12,232,776 ( 10,320,846

revenues.™

income .(net

dross
Int,

.

B.

"

•

pointed out that the position

Property retirement and
•

F.

President

Vice

Bogardus.

V-'

13,4il,037
"2,417,462

_w.

Senior

V.

1945—12 Mos.—1944

^

(

2,623,945

Operating

Vice President,

(& Subs.)—Earnings—.'■

1945—3 Mot,:^1944

^Period End. Oct. 31—
'

895

inyestments.;as .of Dec. 31, 1944, and de- :
niand ^ote; and'-other investments (less pro*'1

;;;-

105,223

.

t

60,525
8,300

-,

"J-

vision"' for; contingencies ? of $7,536 ' a^,,'of"f.
..'■ Dec? 31, 1943)
—'
"425
Cash la; banks—•'
46,237
,

Atlanta & West Point RR.
v

December—

-

Gross

from

-Earnings-

1945

railways

Net from railway

1944

1943

1942

$459,566

$423,791

157,002

114,434

197,871

35,517

29,111,

Gross

Net

from

railway

railway—_—
Net ry. oper. Income—

„

1,679,715

Accrued liabilities

467,748

612,244

for reneg. of toar contr.

Prbv;

—V. 163, p. 66.

Gulf

West

&

Indies

Steamship

Lines

$2,136,243

$2,050,531

$8,707,706

Oper. exps. (lncl. depr.)

1,754,662

1,432,601

6,306,947

Net oper.

Taxes

i

$381,580

-

for

^

...

Total
—V.

—

334,994

$2,468,335

$2,611,216;

$672,761

;

38,352

124,330

.

Dr3,302

17,096,936

10,393,585

in

$2,344,004

156,273

6,922

,194,818

$S6,580,468$100,155',181

.•

be

entered

been set for March .12.

in

connection

$575,771

$641,331

$2,538,823

73,381

190,430

885,532

34,521

78,116

readjustment

plan

last

Nov.? 20.—V.

163,

850,989

13,529

directed

<170,000

>

"

38,795'

''}y

$2,488,538

to

i

-

submit

J

''T

was

the

of

approved

the

on

by

proposed
a

special
•

v

-fV? *7

three-judge

Month of January—

19. '

Securities' Corp.—Reports Record Assets- of ^
Over $56,000,000 and Record
Earnings of $2,850,359 for

k

surplus

$488,860

t

$416,379; $1,575,174

,

!

-

-v;

^
?°45
$1,624,518

Government

$1,467,548 :

mitted

to

in

its

report for

stockholders

by

the

Albert

Decree—

-

approved a consent de¬
Government's anti-trust suit against this corporation-.

Federal Judge Thomas F.; Meaney t»n: Feb.. 13
settling the

ended Dec. 31, 1945, trans- ?• "The consent decree was filed with the U. S. District Court for the
Greenfield, Chairman of the f: ; ! District of New Jersey (Newark) on Feb. 11 by attorneys for (the
$56,339,395, compared with $37,- v ^ company, the Department of Justice and the Alien Property Custodian.

year

M.

,

'

"Representing principally profit, from disposition
(non-recurring).
■<

board, indicates

of - capital assets

195,519

,

¥;:»NOTE—The above figures for 1945
ments.

are

before year-end

audit adjust-;1,

The accounts with the War

Shipping Administration, including
compensation for services rendered, have not been finally audited byfe
the Administration, i Company believes, however, that the
reserve, for
contingencies which have been set aside out of profits should be ample);
if

J.

$2,359,350

sales under
' •*> —
'

of

exclusive

Bendix Aviation Corp.—Consent
'

1945—
Corporation

Balance,

figures, are
163, p. 307,

contracts,—V.

r.v*

1946

■

.

—

NOTE—These

-

>r\"r>"

v

•'

-

Sales

court

-

*•''{"*-r~

.

road

Feb,

dSectors.v

recently released from the U, S. Army.—V. 162, p. 563,

(A. S.) Beck Shoe Corp.—January Sales Up 45.2%—

decree

-

The

by

*

.

the

plan.

decree

was

cree

,

;■

.

New Director—

;
He

terms-of

readjustment

the

774.

p.

•

.

with

form

a

—

.

Bankers

exc.

contingencies •

A hearing has

to

The

$2,449,742
;;

J5r887,690

$12,333,202 $12,386,718

10,030 shares in 1945 and 20,000 shares in 1944/ $12.50 par value,
capital - stock of The First National Bank of. Boston, at quoted

of

162, p. 2140.

was

$634,408

sh.)
;

:market prices.,

Baltimore & Ohio RR.—Hearing Date Set—

161,474

$419,492

a

—

"Representing 376,208 shares of $15 par value, tMajorities of whose
shares were held by the corporation at book value of the shares .^s
£ shown by statements of condition of the respective banks,
tInvestment

2,328,990

Dr3,302

13,535,508

:

Total

16,563,976

v-

17,225,442

surplus

Treasuary stk (30,610 ^hrs. at cost—$29

267,774
.-800,000'

17,399,265
•

...

658.240

?|Q 906
112,862

1,771,032

$2,276,222

306,241

prof. 5
—.i—'

taxes

Prov.

surplus

shares)

5,932-589

Benjamin M.. Golder- was elected a- member of the board;of

$2,162,094

97,668

24,887

Grossprofit—.
and

$2,512,433
236,216;

238,664

$574,893

$444,379

Net oper. profit—_
"•Other profit (net)

Income

$2,400,758
7

Capital
Earned

5,740,423'

107,301

VGross income—
Inter.est expense^.—

:

43,036

$8,252,862

$337,073

Operating Income
Other income—

\

$617,929

44,502

revenue..

other than inc. >

Treasury

10,166,010-

.

i._

$5,643,120

Dividend; payable——3—120,959

:

'2,328,990

(par $13)
common stock
(254

$12,333,202 $12,386,718

"Capital Stock
$5,643,120
Capital; surplus £—• 6,649,977
Undivided profits
■
*' 770,659
Provision for; taxesiw^-,
u—
36,176

-

532,578
267,775
1,300,000

'C—_

LIABILITIES—

973,487"

<18,431,409

1

stock

Common

1945—12 Mos.—1944

revenues—

Operating

'1

.

Reserve for contingencies—.
7% preferred .stock
L—

Subs.)—Earnings—
1945—3 Mos.—1944

and-Federal and

year .1944 (net).w
deferred credits——

and

reserves

4,204,827
.3,538,531

^

General ..reserve

(&

■

Period End. Dec. 31—:

1,241,646
3,696,351

State taxes on incoma for

(

Operating

Atlantic

17,803,336

process—

L

v—

Total

.

250,000

14,525,762
849,044

Employee taxes and bond purchases
Advances received on prod.- contr. 4a

.425

97,092

.

250,000

4,000,671-

5,278,915

•

•

.

■

$5,000,000 $14,000,000

2,192,096

5,122,012
5,711,683
1,161,300
2,097,474 :
323,707 :r
403,742

;

from

/

~

(

Regulation V. Loan———

Frbm Jan. 1—

.

...

Other bank loans.
Accounts payable

35,164

—

^4—$96,580,468$100,155,I81

LIABILITIES—

$480,894

$339,473
52,638
47,088

.

.Net ry. oper. income..,

Total

it

is

to

be

compensated

applicable laws.—V.

in

accordance

162, p. 2635.

with

its

understanding

of

;

Atlantic Mutual Insurance Co.—Changes in Personnel
William

D.

Winter

and

J.

A.

Bogardus have been elected, respec¬
tively, Chairman of the board and President of this company and its
affiliates, Centennial and- Atlantic Mutual Indemnity.
Mr. Winter,
who

will

President

continue

of

the

to

be

three

the

senior

companies

executive

and

Mr.

The Commercial and Financial Chronicle

officer,
Bogardus

was

formerly

was

Senior

h

taxes

on

«f

40*».

a

June

net

30,

$2,850,359,

This

asset value'of

1945,

increase

compared
the

represents
the largest

of

51.5

and

with- $2,035,989

highest

in

net

The decree provides that 136 patents
after V
increase of
'■agreements with foreign manufacturers

earnings

1944,

exchanged by Bendix under
will be made available in

trade to competing manufacturers, and the
assets and
earnings reported in any year since its orlicensing shall be royalty free.
Licensing will be allowed
at reason¬
ganziation in 1928. V':
• v
R
.
able royalties" for a second group of 144 patents. r,
"
The indicated
net asset value of
the corporation was based on
l? & ^According to Leonard J. Emmerglick, special assistant to the Un-tea
market
quotations, sor in the- absence thereof; at fair values as
States Attorney General, the Bendix corporation is permitted to condetermined by the board of
directors, and before provision for taxes V tinue the manufacture and sale of more than 60 types of aircraft
on
unrealized appreciation.
Of this net asset value the securities of ;■
instruments and devices.
The Government's complaint, filed Nov. 19,
valuation

of

the

corporation's;;

and

domestic

foreign

.

r

..

City

Stores Co. and subsidiaries represent $34,446,574.
Banker Secur¬
Corp. owns approximately 84% of the outstanding capital stock
City Stores Co.
1
After provision for taxes, based on current rates, the indicated net

;

ities
of

i

asset

,

value

proximately
and

of

the

of

the

$179.12

outstanding participating preferred
per

outstanding

share

as

common

compared

stock

with

$272.43

per

stock was
$113.68 a year

share

as

in

alleged
as

that the

;

compared 51 i

to

company

had exchanged on an exclusive bisis

well as manufacturing information with other manufacturers
Japan, Italy, England. Canada and Switzerland
gfoup of 136 patents is to be transferred to the Alien

carry

ments

The decree enjoins the use of the patent 1 censes
and revisal of such agree-

out import and export restrictions

as

mentioned

in

the

complaint'.)'The

company

also is barred

(Reg. IT. S. Patent Office) William B. Dana Company, Publishers, 25 Park frace, New York 8, N. Y., REctor 2-9570.
Herbert D. Seibert, Editor and Publisher;
William Dana Seibert, President; William D. Riggs, Business
Manager. Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday],
Other,
offices: 135 S. La Salle St., Chicago 3, 111. (Telephone: State
0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright 1946 by William B. Dana Company. Reentered
as second-class matter February 25, 1942, at the
post office at New York, N. Y„ under the Act of March 3, 1879.
Subscriptions in United States and Possessions, $26.00 per year; in Dominion ol
Canada, $27.50 per year; South and Central America, Spain, Mexico and
Cuba, $29.50 per year; Great Britain,'Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year.
NOTE: On account of the fluctuations in the rates of
exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.




A

Germany
The first

Property Custodian.

ap¬
ago,

1942

patent

.

TT

•

1

THE COMMERCIAL & FINANCIAL CHRONICLE

896

Agreements.'

arising out-.of*.the

In

ttjatters

Property Custodian on

against the Alien

making, claims

from

The

nation

in connection with the termi¬
decree of the civil anti-trust suit

consent

by

back

paid as
36.5%.

was

44;,

Department of Justice, representatives
of the corporation emphasized four points:
li Bendix is not and never-has been a member of a cartel.
.
2. Bendix
categorically denies the charge that it ever agreed

achieved-during

$41.27

plus

liquidating

the

'

•"

*

contract

The

.,y\-1944'

dividends

$294,812

Interest

cash

security diys,__

5,162

5,889'
3,332

,

1942

$

1943

,

10,263

;

•

■

•'■■"

and

share

Co.

common

at

the

date

as

stock

transfer of

of

Mower

written

Co.

down

carried

was

$859,782, the net
of Aug. 10,< 1945.

sale

the

the

by

of

company

the

being offered, the funded
and its subsidiaries Will, be

company

and because of the procurement policies of the armed
the various countries involved.
It is well known, they ex¬

services

of

plained,

$3,761),

that as a matter of policy foreign governments, as well as
purchase aircraft accessories from their own nationals when-

our

J,

:

own,

possible.

ever

share)

total,

'ii

to

type

a

compared
of

utilling

of automatic pi.ot wnich was found to be
with tne types developed in tnis country, and
aero pnotograpns for map making which was

the

at

inferior

valueless as
to a method

the American methods.

to

request

which are to be licensed by Bendix on a. reasonable roy-: '
alty baofe are largely concerned with types of devices which either be-;;;;
,,came obsolete before the war or the commercial production of which ;
never proved to be practicable.
The patents

The

and

total,
:

-Civilian

:

War

sales

sales

^

'

V

Earned

J

—V, 163, p.

l-

w*

~

i

■

-'

t

,

'

-

' ■■'

—-—-

308,609 ■**-

-

\

Birmingham Gas Co.—Earnings—
operating

1
•'
taxes-.:-—■

state
■

income

taxes—2_v_—__v_—J——-:<V :

'Federal income
"Net

«.

earnings

-Other

4

—■*

i

.-

$612,126

—-

——

income

:_w(.(

—

$693,895-

•

r'

Drift,177

-44,430

''

-

Gross -income

:

d.———-w—w

-Wwi.,:-.

and other deductions.—,

Interest

Dec,

on

$656,557.
250,954.

_____

$675,718263,927

-

share

income '

Net

li—_

1_-

;

the
company
income." ^

tjje

921,366,

1,167,015

'

Common dividends

28,068
inc.' tax

income'

;

>1"

v

t,

JEarned^^
—V.

1

'

,

'

"

"

'

"

^

'

V'

-•

1

;
'5'" *- " ' *^4'^ ' •!
' 'i ' 1'

t

.'"♦*

•

"

s

'

^

'

»

V

/

V

-

Bond Stores, Inc.—January

Sales Increased 22.7%—

Month of January—

1946
$4,076,039

and

Sales

—

^-V.

'

" 1945

$3,322,429

Reconstruction Finance

The

'

Dick

ivierle-Smith

&

=This

of

York

New

sale,

together.-witlr

$14 per share.

a

York

New

Boston Wharf

Rental

Co.—Earnings—

Dec. 31—

Other income

Interest

credits

Res.

for

Fed.

•

7,633

profit
Dividends i.tiid

_____

5,498

$776,947

546,856-.,.

.

$745,006

535,152

553,472

'

.

•-

Net

•

2,939

1

$744,736;

102,737

518,806

^

84,200

$139,058%

I $143,990

120,000 v

96,275

$107,334

90,000

.

$129,655

-

^K; 105,000

;

"

surplus

____

STATEMENT

def. $6,000

'

$19,058

$2.39,'

OF ASSETS

AND

J

$17,334:
1

a

v

$2.32

'

'

I

:

$24 655

yi

of

$1.76

LIABILITIES DEC. 31,

1945!>Vu)l *

LIABILITIES—Social Security taxes accrued and taxes withheld. $1,- "
747; reserve for Federal and state taxes, $144,670; portion of mort- '
gage note due in
-

1946, S8Q.000; mortgage interest accrued, $3,063; .rents !•
and taxes paid in advance,
$10,965; portion of mortgage note due 1947-

Ioo2'o„$270 000:

capital

stock

$388,960; total, $6,899,404.*—V.

($100.00
161;

p.

$6,000,000;

par),

2215.

V,

'

surplus, "

Jones

Co.

had operated contin¬

corporation

h.^s

£!wrU,ert,ol^re^'
n?

of

New

v

1

York,

'•

-

called

redemption

March

1,

at'100

1946.

outstanding $244,555 series A 4% debentures,',
made at The Chase National Bank '

it

ll.Srcad £t.v
*•

for

•

N.

Y.---V. 163,

t




p.

of
.

i.

'•/,

i,.;, (

•

),

an

the

agreement

of

common

the ^company,
the

Commission

Industries,
the

its

Oct.

-1944.

25,

or

of
are

its

.

determined

so

;..o '

of The Eclipse
dated

July

of

shares

Lawn

26,

Buffalo
-

of

with
.

common

included

in

the

of

the

stock

any

of

with

contract

providing

registration

of

of

lndd$tries,; Inc.,

stockholders

for

$1,300,000

Lee

the

Eclipse

Co.,

.

1945

1946

w^_i_U-l^_l^iw_l_lar"'l$7,155,401*-:: $7,076,746;:;
1,284,913

.1,258,136

$8,440,314

sales

$8,332,882

462.

p.

of

one

also

seeks

approval

-

sell

to

*

12,000

shares; of

$25
.

,

.

Dee
year

10, -1945.

; ;
consist of a certain
dated June 11, .1945,

plant at

Navy

Port

Department

a

Y.—To Acquire Gov't Plant

Washington,

formerly operated

N. Y.,

by* the

subsidiary

of Reconstruction Finance

Corp., an¬

,

.

.

Years Ended Oct. 31—*

;.

1945

x

*

Operating, profits
Depreciation'
Interest on debentures

before taxes—

for

inc.

&

exc.

profits taxes.

of exc. prof, taxes-(est.) ;

por.

■

.

$808,223
138,888

$705,971*'
$651,914,
• 441.865
'*;: 427.516

;

75,307
p.

453.

M

I*/'

,

_.

110,665

'

,

2,485

$456,562
302,134

•;

$246.634-•>

•
.

.

'

..

$183:091

65,775

,

50,844
;

„

Canadian Pacific Lines in v Maine—Earnings—

"

'
:
railway.^— -

December—

"

*

1943

,

ry.

Gross

railwav-^--^

operi" income..Jan.

from

1—

"

■

■' $000,198

271,554
83,052

;72,182
'

>

$559,596
191.669

1942

•

(5,133,375
2.110.547
1,577,310

Net

." From

Net

1944

134,344

from

Net

1945
$603,729
178,293

6,154,465
6,467,429
from railway—11-^-J 2,353,881 ; 2,322,706 ,; 2,798,986
rv.. oper
income—_
1,128,494
.1,178,484
2,168,500

from

Net

—v.

-

>$403,089
.-127,875
75,519

Gross

;='

•

£

;(;•

t.;;-;

.

.

I

railway-".-', 6,736,647

163, p. 648.

:

$569,712;;

Cr56.900
Cr39.447
34,664• 'i;10;784ij

■':( Cr58.746
'
29.358 ■'
,

162,

,v

' 17,421

32,476

pr0fits^_^v___i—v—i-.^--:-$293 494

Net

1943 I

1944

*

$894,678;;
.* 156,230 '

Dividends
—V.

-

"

-

—__——_

Minority

company

statement appertaining

acquired

Higher-

January—

Canadian Food Products, Ltd.—Earnings—
■;v

Prov.

was'

and .'Exchange

Aug.

of

issue

an

price is $1,250,000 of which $1,000,000 is for the
land and buildings and" $250,000 for the machinery and equipment.
Actual
cost of the
land and buildings was $1,344,447
and of' the
machinery and equipment, $447,911.
A firm retained by War Assets
Ccrp, to appraise the property reported that the present normal re¬
production value of land and buildings is $1,587,148 and that the failvalue, after allowance for depreciation, is $1,065,442.
Fair value of
the machinery and equipment is estimated to be $268,747.
The purchase contract. provides for
a
eash payment of $125,000,";
the
buyer executing a purchase mortgage for the unpaid* balance
which
will
bear
4%
interest, payable quarterly.
Annual payments
on
the principal, for the first" three years will be $91,666.67 each. "
When
total payments on the principal have reached not less than
$400,000 over a period of not mora than three years, title is to pass
to
the Cairns Corp.
Payments on the principal thereafter will be
$121,428.58 each year for, seven years.; All: principal payments art to
be made quarterly.
*
The plant, which consists
of four major buildings of brick, steel
and wood-frame
construction, and 19 minor structures on a site ol'
about 11 acres, Is located on Manhasset Bay, on the North Shore of
Long Island, N. Y. i'Total floor area is 218,000 square feet.
,
■. *
•-(', A new welding and moulding process, said to. have proven very'suc¬
cessful, will be used in manufacturing various articles.
It is reported
the process can be used in the production of automobile
and tr.uck
bodies, aircraft wings, refrigerators, luggage and boats.

-Tlef.

Lee Industries,

within
on

of

purchase

' '

purchase from such "stockholders" for: the'sum of
the issued and outstanding capital ' tock (3,( 00
Eclipse Co. and all of the assets and goodwill of a

the

air of

the

of

so

:

demand

on

time

purchase

offering?)
assets

with

the -Securities

stockholders. at

consummation

Mower Co.>

1945,

the. creation

*

aircraft

the

Profits

to its liabilities; for 15,000
Bolt "Co. % This contract re¬

subject

assets,

register

"/•'

acquired The S. M.
The purchase was

purchase:.'price.

The

"stock

to

15,000

Inc.,
date

shares

this

The

1944.

acquisition

acquire all

shares)

647.

its

into

to

quires

,

process-and machine patents, none
except' in connection with its ownare owned by the company.-;?. -

dated

approved

8

.

-

Company

The.

incorporated in New York

SUBSIDIARIES-Company

15,

entered

"shares

patents

agreement

Dec.

Inc.,

to

;

OF

value

Feb.

on

War; Assets Corp.,
nounced on Feb. 8.

transfer agent.'

;/\

effect

To

numerous

product

under

$854,358.

;

significant

No

:

consummated

(These

.

owns

of

ACQUISITION
,

from

;

.

Bowman-Biltmore, Hotels Corp.—Calls Debentures-—
The

is

operations.

ASSETS—Cash, $124,785; United States Government securitiesf.idb6%I'
000; accounts, receivable, $79,022; land,
buildings, party Wallk,' pnd
equipment 1 after reserves and depreciation and obsolescence of $4,2591- "
227.) $6,064,712; prepared items, etc., $30,885; total. $6,899,404. '■

-

company

preferred

Grumman
Aircraft Engineering
Corp., will be sold to the Cairns Corp., 95 Dobbin St., Brooklyn, N.; Y.,
subject to the priority right of Federal Government Agencies,
we

screws,

which

business

Cairns Corp., Brooklyn, N.

thousands

The

•

-

of

the prlneipnl amount not exceeding $#00,000,- bearing interest
exceeding 4% and to mature not less than 25 years from their"

The
for

stock (par $l) at

suppliers is affiliated with the company.

Balance,

offering to holders of common
on
Feb. 14, 1948, of rights
stock, will not be made
that date.+—V. 163,'p. 775.
proposed

second

31,

carriage
plow bolts, track bolts, machine screws, stove bolts,
of specialized forms of fasteners.. These products are
supplied to many different industries, including the automotive, rail¬
road,
farm implement, and building industries. : Oil well pull rods
and sucker rods suitable for use in shallow oilfields,
such as in the
States
of Pennsylvania
and Illinois,, are also manufactured by the
company on machinery especially designed for that purpose.
:
The
company, is
the only independent producer in the industry
'which operates 'its own "steel rolling mill.
This mill has capacity
sufficient to supply its entire manufacturing requirements. -Its produc¬
tion, therefore, is integrated from the receipts of steel billets to
completed products in all finishes demanded by its customers.
The principal raw material used by
the company is steel in the .
form of billets. The principal suppliers of raw material are Bethlehem
Steel Co. and Republic Steel Corp., the proximitey of whose plants in.
the
Buffalo
area
insures
economic
delivery
cost.
Neither of the
lag

bolts,

close

-

>

New .York,

Co.,

the

convertible

par. preferred and 3,000 shares of ,$25 pay common*.-i -*
-■,'(* < n
Proceeds of the three issues are ;to be applied-ito :the' pay?nent;.iof
outstanding demand notes amounting to $1,075,000.—-V. 162. p. 1276.

' '

the commercial items produced are machine bolts,

Included in

.

111,300

150,000

Earn, per shr. on 60.000
shares capital stock_

•

not

date.

charged*
Dec.

at

the

at

for

Corp.—Rights to Subscribe—

that

notes in

Company is a leading independent manufacturer. of a. complete line
of standard bolts and nuts, and special lines of cap screws and rivets.

221

from

net,

approximately $532,664.
This
by the company -and its

company
baa petitioned ihe^MaiMchtiiiietts Department" of
Utilities for. approval ta issue at not* less than par. bonds or

:■

Fublic

.

1942

State

&

__I

taxes

•

value

163,

'

*

Aug. 17, 1897, succeeding to a business, which
uously since 1855.

$741,797

160

$802,146

Exps.,. inci. deprec., etc.

-

1943

$739,288

4,358
10,135 /

—

account

Total

■;

1944

$769,154

-

on

;

1945

$787,652

account.

-

HISTORY AND,BUSINESS—Company was

"

'YearsEnd.

-

-

Marine Midland Trust

The

and

will receive,

Buzzards Bayi Gas Co.—Plans New Financing—

.

Alstyne, Noel & Co., on Feb. 6 of¬

fered for sale 43,386 shares of common

City- at 101 and accrued interest.'

975,609

(; $545,387

sales

■.''■■-The

>

issue of Feb. 11 Van
:-

sale;bf $1,000,000 to Bear, Stearns *& Co.
City at 102 and interest and a sale of $1,371,000 to' the
Boston & Maine RR; at 101 and interest, completes liquidation of the
-RFC holdings of the obligations of the
Company.:
- V
■ :'
>
These bonds are part of a $45,693,000 issue of which the RFC ac¬
quired $40,193,000 in July, 1940 in connection with the financial re-1
adjustment plan of the road,
>.
'A
The total premium received in liquidation of the entire $40,193,000'
RFC holdings -is $538,510.—V.
163, p. 774.
.
of

$106,108
15,429"
2,800

r

(market

cost

average

record

Combined

Buffalo Bolt Co.—^^Stock Offered—As mentioned in an

Liquidates Holdings—

Corp. on Feb? 8 announced the sale of
bonds, Series RR, due July 1, 1960, to

first mortgage

848,165
$494,704

for

—V.

$2,642,031; earned surplus, $721,824; total, $3,600,583.—V. 162, p. 667.
'•» '
1 '/ ,*\zh '/? tfV-'r <- ^
/tV- i.< tY,j
*' ' f»" 'l>' '
" Z1 *w,

Boston &: Maine RR.—RFC
:

$19,000,000 A'U

651,718
$523,358

stock

stockholders

Retail

interest

V

;

at

of

Wholesale .(sales;

$4,420; provision for taxes, $5,278;
payable upon receipt: of stock of a predecessor corporation
exchange, $3,545; capital stock ($1 par), $223,485; capital surplus,

for

576,624

Butler Brothers, Chicago—Sales 1.3%

i dividends

163, p. 307.

$1,520,996

V $353,311

announced

Month of

LIABILITIES—Accounts payable,

Increase
$753,610

-

.

27,749

-

$1,500,000. obtained

subscribe

subscriptions

Z •>."

$1,342,869

;

$4,809,150), .$3,462,553; cash in bank, $127,992; receivable on
to capital stock, $905; dividends and accounts receivable
accrued,. $9,133; total, $3,600,583. °
-

,1945,

u*

1

-

$1,175,076

proceeds of the preferred issue, estimated at $2,450,000, will be
redemption and retirement of unconverted pr.or preferred
shares, for, expansion of plant facilities and additions to work.ng
capital,.
The, stockholders
approved the directors'
action-: in granting au
option on 50,000 shares of common stock to George W. Burry, Presioent.—V, 163, p. 775, . > *
*

" $87,879
107,255 * ' 101,688

"1363,762"* 144,766 "

ASSETS—Investments

-

''U,, 4
')

•

r

88,210

$929,935

,

$1,493,247

$1,254,639

Net

$98,232

$126,381

3129,079

,

'

1942

■

1942

'

^^cluding security profit^ arid losses. •/,; fOf. whiph, $231,993
'to')jurplu$ arising from, sales bf invtlstments.. '
(v
p
'balance sheet at dec. 31, 1945 .v- .:

•

surplus Sept. 30„_—^4—$1,343,190 ^$1,163,549 ■

162, p. 2655.

'

92,397«
101,342
—I, "44136,528-: ' 68,264
'''-J" ^
v ;■ ■ ■

—

I

: >

'4,792

'

.

is

used

■"

*j•("Net

,

.r

1943

.

.

36,358

taxes

common

00O shares,

^

"

$120,569 V
19,247
' 3,091

$158,368 V" 27.195"

$157,147
Fed.

1943

*

M

dividends

Preferreu
; r

-

shares of $1.25 convertible preferred stock, $20 par.* and an
increase of the authorized common Stock from 750,000 shares to 1,000,-?

.

1944

1945

Divbjidn capital stock__"

.

1944

■

Burry Biscuit Corp.—-New Stock Authorized—

of

portion

INCOME ACCOUNT FOFl CALENDAR YEARS

"

•.friai'fiT-:"

H Total surplus

v.;

;

of

with

The

has no liability; for
«
-W
"
•
v
dividends pa4fl out pf net
realized profits apid alter all costs of supervision and administration,
net
asset
value
rose
89.85%
for
the
year
ended
Dec.
31, 1945."
After-deducting all dividends declared;- including those from realized,
profits, the. rise, in net asset value amounted to 80.24%.
: v
on'%uch

-

for

'Expenses
■

COMBINED v\;

"-——Years Ended Dec, 31

100.000

Deq.:

on

dividends,

taxes

''■Income-

$411,790

$405,602

:

:

+400,000 shs.

$1,138,718

to stockholders of record on

Dec. 31,

on

'

Earned surplus beginning of period—

%

Burlington Mills
it

basis

1945, were $4,933,937: oh the
with $4,027,237 _a year earlier.

31,

compared

per

adjustment

ProvA for
•

$1,500,000

400,000 shs.

the sale of the 43,386
money,
to¬
subsidiaries
under the bank loan agreement, aggregating approximately $2,032,664,
has been or will be'applied to the payment in full of the $550,000 of
funded debt outstanding at Sept. 30,
1945, and toward the payment '
of short term bank obligations aggregating $1,600.000.—-V; 163, p.'775.
shares

Ltd.—Annual Report—

taxable

as

'.'/I;

the

Outstanding

$.927,146
2,789

■•

■

income

gether

1945

31,

opers.„_

(net)-

PURPOSE—rCompany

was

the

income

'

.

DEC.

SHEET

1945

31,

Dec.

met

After

.12,900 8,250,
248,903 ,191,771

udm.

from

income

Net

elected,

company

Federal

■

of

"$9,001,791 $11,797,879 $12,707,207 $13,127,218
10,539,376
9,689,424
10,581,941
7,307,960
exps.
969,737
1,052,030
766,685
913,172

Prov. for Fed. inc.

3068..

share

a

holders

*237,777U$f■~2juriil2

stock

common

sold-

Inc. bef. Fed inc. taxes

to

value

ended

has

and

———

Taxes, other than income taxes

gen.

Other

year's

in its Federal income tax^ return for the
31, 1945, to be a "regulated investment company,
requirements for qualification for taxation as such
in
respect of the year
ended Dec, 31, 1945,
Therefore, as all
otherwise taxable income of that year has been distributed to stock«f
The

year

revenue

-

T

prior

$127,992.

1945
1944
$3,395,302 $3,304,621
/4 Gas purcnased
1,287,836
1,214,266.
Operation' ■■-_.1—
--,1.-,
—
—■— •
639,118' .v; 609,644 ;
General expenses charged to : coristruction_.._j>^'.^
Cr4,750 :Cr4,001''
Maintenance
:
,.114,152
114,263'
-Provision ior depreciation and amortizations—
v' 247,238 • • 238,317
30—

12 Months Ended Sept.

Total

•

for

31, last,.1 amounted to $22.08
1944.
parried at a cost to the company of $3,462,553, bad
value
of $4,809,150 on Dec,
31 and cash amounted to

asset

market

a

'

&

stock

quotations

against $16.78
Investments,

,

-

goods

Profit

from 'Jan.

Account

reserve

p.

assets

net

market
Net

$2.81

$2.37

,

Total
of

308,609

■

of

Sell.

*

$1,025,750

890,677

i-

of

shares now offered."

Cost

payable, $131,733; due for capital stock
retirement, $8,402; reserves for expenses, taxes, etc.,
stock ($5 par), $1,084,440; surplus, $4,156,720; total,

Bullock Fund,
•

of'The

10,000 shs.

$].)_—

(par

9 Mos. End.

162,

for

capital

$5,388,593.—V.

;■; "

'

Buffalo

$5,388,593.

$7,293;

$34,679,455 $39,417,661

charges and taxes—

share.;..—_
774,

per

' -c"C /

'v/

of

of

value

$1,500,000

pfd

stock

Sept. 30, '45

21,185,044 .27,593,459

- —

t,','1.')..

Net profit after
Common shares
,

-—•—

—-

—

——-

Total sales

*

_____

-

lr

.

books

to

was

stock

,

SUMMARY OF EARNINGS ( ( COMPANIES

LIABILITIES—Dividends

repurchased

1945
'
1944
$13,494,411 $11,824,202

Calendar Years—*

■

shares

the

j.; "4,000 shares of the preferred stock previously, outstanding have-been
acquired by the company and are being held in its treasury, tlncluding

banks, $136,550; investments in common stockstat cost), $5,106,235; receivable for securities sold, $1,037; dividends
receivable, $13,040; special deposits for dividends (contra), $131,733;

Inc.—Earnings—

Bigelow-Sanford Carpet Co.,

;

Distribution

$19,516;

1944,

BALANCE

?

,

3i,

plus

market

capitalization
>(■
?
-

follows:

bank loans
:
.stock (par $100)—

cumul.

the, 43,386

ASSETS—-Cash ', in

the above catego¬

stated that the patents in both of
unimportant to Bendlx.^r-V. 162, p. 3187.

company

were

(3,232

The unrealized appreciation of investments
on Dec.
$3,710,541 or $2,120,465 more than on Dec. 31, 1944.

'

ries

stock

capital

3%

10-year
7%

Common

($1.27 a
$134,807,

stock
shares),

capital

on

such

Authorized

1,
1936; balance,
Federal income tax
no
longer required, $422; net income, as per statement,; $261,001;
total, $280,940.
Net amount of undistributed
net income included
in the prices of shares of capital stock sold and repurchased, $1,747;
balance, $279,193; ordinary dividends on capital stock—$1.22 a share,
$263,606; balance,: $15,587; total surplus, Dec. 31, 1945, $4,156,720. ,.

investigated
U.-S. Army, but was found to be

of tne

by Bendix

in

dividend

its

(

Ordinary

Dec.

The-patents-yielded to the Alien Property Custodian for royalty-free
'licensing to any applicant-including Bendix, related lor the most part
!'

.

gain

$4,141,133.

(2)

'

-

...

$351,969;
capital
in cash.
$136,877;

at

book

shares

43,386
debtas

.

laws

the

$997,534,

which

to

as

the

determined

so

the

on

used
v

comprised

taken

Inc.
The total purchase price
Sept. 30, 1945, the amount at

Lawn

$25,000
.

of

was

presently

*

patent

of

escrow'-under

.-r,

effected:"

'

.

loan

a

CAPITALIZATION—Company
and
its
subsidiaries
have
.long .term bank loans in the amount of $1,500,000." After giving effect
to such loans,- the
retirement of the presently existing funded debt

,

,

of

placed 'in

....

Bolt

Eclipse Lawn Mower Co.,

v

^

,

Buffalo

per

As

Eclipse

,■>

(

'

consisted

deposit

-

1945.-

acquisition to Buffalo Bolt Co.
stockholders of the Eclipse Co. of

to
of

$10

Co.

cash

of

Industries,

Bolt

with fixing prices, and
' :
Total income
$300,932
$282,957
$313,396
; $300,582
4. The action which was compromised by the consent decree merely
General exps., interest,
concerned certain license agreements involving foreign patents owned;,
:• ' taxes (other than inc.)
,;■'
49,705
-by Bendix and certain domestic patents owned by various foreign cometc, '•>—,—
52,968,,
40,076
39,581 ;
ipanies.
■
'
<■
,
>
;'••(W"■ -*■
'
Net income—_____
The controversy, it was pointed out, was over certain provisions of
$261,001
$273,320
$229,989
$251,226
Dividends
these agreements
the legality of some of which was arguable, par¬
263,606
'
270,521 ' 7 ^28,964
245,172
ticularly in tne light of judicial decisions interpreting the anti-trust
NOTE—The corporation has elected to be taxed as a regulated in.laws, rendered since the agreements were made.
The decree does not
vestment company
and as such has no liability for Federal income
in
any
way adjudicate tne legality
of the agreements. All of the
tax for the
year
1945.
agreements involved in the suit, it was stated, were made years before
the war
one
being dated as early as December, 1932.
The Mitsui > ;
STATEMENT OF SURPLUS DEC. 31, 1945
<
" ' . .
agreement was cancelled by the parties more than ten yeais ago.
(1) Capital surplus: balance, Dec. 31, 1944, $4,081,485; excess of cost
The provisions to
which the Department of Justice objected, the
of
capital stock repurchased over par
value
thereof (after giving
--Bendix representatives sa.d,. limited ttie right of Bendix to manufac¬
effect to allocations-to the Ordinary Distribution Account), $430,029;.
ture and sell in
certain foreign countries,, and the rights of various
excess
of proceeds of capital stock sold over par value thereof (after
ioreign companies to manufacture and
sell in this country. They
giving effect to allocations to the Ordinary Distribution Account),
/explained
however,* that;even if the license agreements had not eon-' ,
Dr$290,745; excess of value of capital stock issued in payment of divi¬
tained the provisions objected to,:,_the same practical situation would
dend over par value thereof, jDr$118,647; total, $4,060,848. Net profit
have developed in most
instances through normal oepration of the
on
sales of investments (after taxes applicable thereto amounting to

faith

11,

cost

$1,147,534.
The

?tVhaVnot1 evS&been'charged

3

Industries,. Inc.,

good

shares
of

Lee

5,620
10,648

as

June

payment

value

"

6,295-

;

Lee

the
of

total

15,000

v

$284,663

$266,398

$304,174

' !

608

"

-

,

Taxable

V-

;

the Eclipse* Machine.. Co.; (a-salts organization),
grood'faith deposit made on the contract.
The sole

$25,000

of

make-

to

*'

*

the

liability

After adding

share.

a

' INCOME STATEMENT FOR CALENDAR YEARS 4

[

Cash

,

increased

1945

•

capital gain dividend the increase in liquidating

a

/,"V-1945

-

t;

$1.27

value

brought by the
*

results

good

value of the capital stock from $31.16 to

statement released

a

Broad Street Investing Corp.—Annual Report—.

.

■■■ v.

Monday, February 18, 1946
partnership known;

;v';:'-(■''-(•

V-cJunie

i^E dOkMERClAL&^M^ANGlAL

163 ^ "Numbei8 '4465

r

Canadian Pacific

Lines

in

-

Vermont^—Earnings-

.supply, from ,/tbie, hugfcf natural
Texas. 7 '

December—Gross

railwaj777:■;■; $113,908

from

Net'

from

Net

;

ry. oper.

railway.

itm

ft*

»i.\

'

.

!

>'

1945

.

$123,757

7

'->69,679

,

•

•' v1

*15,536

*117,181

income—a-; !

/,. 1943
i $95,969

1944

j

-

*71,829

*75,754

>72,471

I.

Jan.

■

7

•

railways:::

'resources'

gas

^Ve'sif*

of

writers

Virglriia7ft»d'

"

•

bih

'

>

.7

''

.

163.

648.

P-

;

-,

/'

,

*268,590

Central Pacific Ry.—-To

*671,124

Capital Administration Co., Ltd.—Annual Report—
31,' 1945,

Dec.

pay

jvcrs

being notified
•presented through the

net

assets of company were equivalent to
debentures.. The preferred stock asset coverage

the

$6,596

per $1,000 of
Increased during the

p-

from $111.48 to $148.28 a share, while the
after allowing for the preferred stock at $50
fi share, advanced from $18.60 to $26.82 a share.
The class B stock
H asset value, was $1.74 at Dec. 31, 1945.
;-7.;
7;:'':'!"7/7''77:' '
class

A

year

clue

;'7'7/
t'. 7.' V

March

*

31,

1946.

7 7

.

ACCOUNT

INCOME

•

'■

J'

Total

'*, •'

Taxes

1945
1

„

7* ,77i:;7'y;'

CALENDAR

FOR

Income

„

23,001 '
14,548 '

$191,283

,

"After deducting $3,437
tax,

25,657
9,905

;

unpaid

for

should

coupons

abroad,—V.

payment

'

•

be

163,

William

drop in
zation

of

The

prior year's accrual of Federal "capital stock

corporation has determined
to
investment company and as such

regulated

liability for Federal income
"above income.

tax

elect

taxed

have

should
the year 1945

for

be

to

as

in

of

gross

the

the

totaled

This

in; respect of the

of

of

operating

filed by

to be

group.*-V. 163,

Ry.-—Reorganiza¬

V

'

,

at

Chicago
for

managers

V

*

,

has

the

volume

action,
and

of

order

an

war

in

radios and soft

of

extraordinary

maintenance

due

revenues-was

material

handled

during

in

of 128 pages, to new customers and those requesting an Aldens
catalog.
The digest will have the appearance of the big catalog, i ml

up

entirely-.accounted
additional

for

by

the

be

specially

jseiecuous

payment

merchandised

163

77a

p

to

oner

cross-section of big catalog

a

-

.

v. idj, p. "l':.

;.../
..
;
" Chicago Noi'th Shore & Milwaukee RR.—Files Reorcranivatinri Plan with the ICC—

;

of New Jersey and its municipalities during
increase of $1,763,681, or 51% over 1944.

in

vvlll

-'

f selections—V

an

$1,654,098

lines in home needs.

company's big catalog is being mailed to a selected list of regu¬
by a digest of the big catalog; m. de

lar customers and will be followed

to

rapid
the later

?

uishings
The

to

history,

29%, an increase to 658 pages from 508 pages last season.
A major
portion of this increase was created by the vastly expanded h"~»e fr *
section, comprising over 160 pages of furniture, appliances,

$60,796,386.

1

almost

was

with

and

deferred

its

in

mailing the largest Aldens spring and summer
exceeding the size of the last big-catalog by

is now

company

catalog

of

7777"/v./; '/.77.'':7,'7'->7.7 7:-

8.6%,

or

'

$5,229,462,

of

of

Chicago Mail Order Co.—Mails Catalog—
The

on

income

net

a

revenue

accordance

property

$5,249,417,

year

increase

November

compared to

$3,684,827

Officer, attributed the deficit to the
Jersey taxes, to the accelerated amorti¬

projects
made
in
authorizing such

paid'to tHe State

Taxes

1945

a

material

no

a

as

of

Executive

retirement

decrease

months

$175,316

.

of $55,546,969
on

1945/ deficit

a

Dec.embetvi.7.-c 77 7<fc":7

*7,314

31,429

$168,296

$182,328

reported

heavier New

Truman

for

9

1944

Chief

defense

President
> charges

:

in

Wyer,

revenue,

'

New'Jersey—Earnings for Year—

revenue

$217,932 earned

'•

28,494

32,264

tThe

'

and

.

Feb.

on

-

operating

gross

$242,553
5':

company

decrease

.-.Net

bonds

;

.

Central RR. of

1942

,

$236,123:

v

31,682

.

33,502

expenses

V

1943

$251,559

28,086
t2,495 '

(other than inc.)

YEARS

1344

income—$255,365

Interest

Other

the

normal channels

-.

The

during the
bank loans

!

67\

that

price

a

stock asset value,

Company issued $1,150,000 of 3%'; 15-year debentures
year and, in connection therewith, paid off $1,150,000 of
"•

aro

at

appointed- three Chicagoans as
road,; vizv John W.>-Barriger; 3rd,
an executive of the Fairbanks-Morse Co., Arthur T. Leonard,
Executive
Vice-President of the City National Bank, and John E. Dwyer, Man¬
ager of the Chicago office of Otis & Co.
«
1
Meanwhile, Judge Igoe denied
a
motion-filed Jan.' 18 by -L. F.
Deramus, trustee and chief executive officer, to hold the reorganiza¬
tion
proceedings open pending Congressional action on bankruptcy
remedial
legislation.—V.
163, p.
716,
•
reorganization

'at

At

public

Louisville

&

Appointed—

Igoe

FederaL Judge

'

company is making arrangements for deposit abroad of funds
principal and interest on its 35-year European loan 4 % bonds
maturity on March i; 1946, Since the start of World War II the
company has been paying, interest on these bonds in New York.
Hold-

to' the

Indianapolis

tion Managers

,

them

offer

w.':

77

Chicago

The

to

68,

p>

.'V/y/-'- 77''

Pay Bonds—

will

The Illinois Co. of Chicago heads the* underwriting

7

1,415,503
i

who

amendment.

.Commenting on the petition, 'EarleJ. Muchold, President of- the
Niagara Hudson Power Corp.,' of which Central New York Power is a
subsidiary, said that the purpose of the undertaking is to iurnish
customers
with
the
highest quality gas and
to
encourage
greater
customer use.—V.

.'l—7!7

"'Vo;-.
.'.v.X-',;'
7/1,380,751" 1,516,354
1,318,990
Vi; Net from raiiway-ii-4^'.:- *682,616 "7 *513,I34-" •>562,019
v Net
ry: oper. income__^
*1|247,'216
*1,029,904
*1,021,061.
£7 "Deficit.-—Y. 163,. p. 648.
.V""/7/7 y\"'i
From

7 Grofcs mm

7

$101,415
7 *36,358

*119,236

-

1942

.

CHlRO

......

,

ganiZaUOn rian W1U1 Uie

in

^

"

^

The trustees have presented a reorganization plan to the Interstate
f Commerce Commission.
The company has $44,000,000 securities In
SURPLUS, DEC. 31
Court decis:
decision.'*, Although the State of New Jersey had not demanded :'i the hands of the public, and interest accrued to Dec, 1, 1945. amounted
s
Capital Surplus—
194?
1944
these taxes in 1.941 and it was" not known that they were due until f- to $15,500,000. ;
r
.
"
,'
f
■'
f
decision, the amount paid nevertheless included penalties
Balance,; Dec. 31—-,
L.J.
-1" $2,677,654 $2,677/654"i- Vthe£l945 f&
The reorganization plan provides for the following distribution to
■>'
at the rate of 12%
per annum in the amount of $532,422. iff
Income
and
profit and loss account from /.7777777/;
;
bond holders:
''
For
each
$1,000 principal
amount of first mortgage gold bonds,
Jan. 1, 1936:
The sum charged to amortization of defense projects was
$2,247,608.
32.906 shares of common stock of the new company and $230.34 cash.
;. Previous balance :
647,596 :'
51!! WChar®es for deferred maintenance in December totaled $648,530, but
^^tiWrnlnpinii" amount of lirst and refunding mortgage
ge
Net income
T82.328
; credits
for
191,283
picking up of deferred maintenance from earlier years ' 1 • Po1 each $1,00° PllnclPai amount 01 Ulst ancl reiunctmg mortgage
in
Net profit on sales of investments
gold - bonds, series A, 271946 shares of common stock and $195.6:,
*210,069 *255.905brought the net increase in deferred maintenance for the year down
cash.
'
'
1
to $77,961.
'
For each $1,000 principal amount of first and refunding mortgage
Ba lance
series B, 27.116" shares of common stock and $189.8 i in
Dividends on $3 cumulative pre
for

the

1341

year

levied

in

property

accordance

with

taxes

and

penalties

1945

State

Supreme

a

OF

STATEMENT

.

...

„

.

,.

——

.

........

.......

1

••

-

-

■

•

if Dividends

stock

class A

on

Dividends

on.

class

$1,000 principal amount of first and" refunding mortgage
Elizabethport.
Total net charges
gold bonds, series C, 27.116 shares of common stock and $183.83 in
extraordinary retirements
in : 1945 }■[ cash.'
■
•
amounted to $1,198^766; compared with $1,361,404 in 1944.
The effective date of the plan, if approved by the ICC, will be Jan.
By reason of the- extraordinary charges in December, which will
1. 1946.
'
'
result in some recovery of Federal income taxes
paid in earlier years,U The new corporation would have capital stock of 500,000 shares of
the 1945 accounts shows a net credit for Federal income taxes accrued
; common (no par).—V. 363. p. 776.
■■'■■■■ '
...
01 $729,204, compared with
a charge for this item in 1944 of $734,522.

stock..

B

for

Balance

.

—
-

'.

•

Total, including capital surplus.

•

deferred

maintenance

and

r

Surplus, Dec. 3U--

$3,174,332

-u

$2,971,581

Also

•After

deducting Fed ere I income end other taxes applicable
of $80,087 in 1945 and $46,420 in 1944.
\

,

thereto
v

because

the

of

extraordinary

'.

,

0f

on

a

of

gross

$5,018,438:

interest

receivable

for

special

$17,983;

receivable,

/iitotal. $5,427,871.

securities

Calendar Years—

deposits'

;

for

i.

dividends;

$40,099

income

'

Net

income

liability

1

4,:967,016

•

the.Commission states:

Tho'report of

5,334,416

certificates

The

offered

were

TV

■

sale

for

through

competitive-bidding

and invitations for bias were also sent to a large number oi bankers,
banks, trust companies, and life insurance companies, the bidders be¬

~T^—r—

*$3, 684,837.

163,

Bank

crued dividends in connection with the procurement of certain equip-

i

.

-1

"Deficit.—V.

1944

$55,546,969 $60,796,386
145,349
4,496,492
1,282,179
5,552,348

__

—

.......

-

,

'

'

1945

''

'v

1

operating revenueiiiwii-,.

Fixed charges and other deductions—

^
$9,035;"dividends- and

sold,

SEC on Jan. 30 authored the comply to afSuM. ch,lgaU.t„
in respect of nut. exceeding sb,870,COO 1%% eq .ipmentcertiiicate3, to be issued by the Continental Illinois '.sational
& Trust Co., Chicago, as trustee, and sold at luo.5673 and ac¬

The
and

Ne* railway operating income
Gross

;|P

cost),
-

Chicago & North Western Railway—Equipment Trusts

:

trust,

;

the

$4,763,877.

"

ASSETS—Cash in banks, $242,317; investments in U. S. Government
securities
(at
cost),
$100,000;
investments
in other
securities- (at%

.

December;

«

$1,112,473

Gross
' C

1945

'

in

made

revenue

The unrealized appreciation of investments on Dec, 31,' 1945, after
deducting provision of $770,000 for Federal income tax, was $2,304,273.

"BALANCE SHEET, DEC. 31,

charges

$217,932

p.

ing required to indicate whether the bids were submitted on che basis
and dividends payable, $54,474; re-' /,
'xt'
.r"%'y
°i a 10 or 15-year trust and to name the rate of divide..ds to be
$92,255; ,3% debentures due Aug. 1,
'
Central & Southwest Utilities
-New
President-—w.pj'bome by the certilicates ,'iu multiples of V« of 1% per annum. In re¬
Ms 1966, $1,150,000; $3
preferred stock, series A ($10 par),..
sponse thereto 7 bids representing 39 parries were received.
The, beat
$434,000; class A stock ($1 par), $143,405; class.B stock (lc; par), ?■Frank E. Kruesi, formerly President of Middle West Service Co., has
>
been elected President oi Central & Soutnwest'VUtilities Co.-^V- 163./M1 bid, 100.o673 and accrued dividends, based on a 15-year trust and fa
j63
$2,400; surplus (as above) " '
r'oove), $3,551,338; total, $5,427,871.—V. 162, p. 2514.
beeh __ele
"L "
/i'rate of l% %; per annum, was made by Halsey, Stuart & Co., xilil, and
m,
12 associates, and has been accepted. ' On these bases the aruagj an¬
^ :p" {•

LIABILITIES—Interest

s:

for

serves

accrued

taxes,/ etc.,
cumulative

expenses,

.

t

.

||r

Celanese Corp. of America—Further Merger Data—

The

.

consolidation

the

of

two

of

foremost

producers

in

ganization.
had

At

/

special

a

meeting

the day

before Tubize

given their approval to the plan.
the

By

the

merger

Celanese

will

enter

viscose

_

X

—-

4..1

^

14-J

^

2

'_ i.

>41-

...

_

It

&

'

<f

(\

at'.; a.-.-price, ito-be
•

proceeds tc the applicant will be approximately )..55%.
31. 1945, the cash, temporary cash investn cnts, and

o

f

fvt

•»-.

»n

obligations, other thin equip¬
been/reduced ^rom; $194,336,488 /tq: $143,045,*;;.

contingent-interest

and

-

P*

^

:

t—'.

Clalm Case—

N.

Tubize
sale

of

Rayon

Corp.

continuous

-In'addition,

engaged

is

filament

rayon

principally

in the manufacture

made

yarns

The

and

net

proceeds will first be applied

process,

preferred

its

the viscose

by

the proposed financ'ng.
the proposed financing.

which

stock,

is

to

be

to

called

redemption of the old
redemption as a part of I

$ preferred stock will be exchanged for
i

mcnt

produces

rayon

fabric?

made

from

manufacture.

..

first

value

par

Celanese

merger

term3 each share of Tubize $100

preferred

par

be

value 4:i7%

by the corporation.

sum
sum

-

-

Jeffries & Thorndike, Inc.

Childs,

and

H.

the underwriters for the preferred stock;
common stock.—V. 163, p. 776.

value commcn.
This exchange will require the issuCelanese of 70.000 additional shares of first preferred stock,,
par

$4.75 scries, and 468,571 additional shares of common,
After the merger is consummated the authorized stock

01

own

one share of Celanese no par
$4.75 series, and each share of Tubize $1
exchanged for two-thirds of a share of

stock,
will

common

no

by

ance

of

'■

Under the
value

yarns

C.

First

-

Total

net

assets

ot

the

Pund

Dec.

8t

31,

close

•market
u*

Vtlrtiivjc

Ui

AiUClf,

:

The

,

unrealized'

appreciation as of
merger will be 80,000 shares of first preferred stock and
Dec. 31, 1944, $408,669.
•
;§ 294.357 shares of common stock'ifiif excess of the aggregate number
Asset value per share on Dec.
31,
\>required to effect the terms of ''tM merger.
There are no* present
.1Q44 ;.un increase nf
innrM5fl nf
'/. Dec. 31; 1944; "an
',
plans for the i suanbe of any of such excess shares.
'
^
31, 1944, an increase of ;31

I? ica after the

Dec.

31,

1945,

was

1945,

decision that

a

the

in

Walter

to press a claim

not continue

court's 7-0

part

•

.

Justices Frank¬

decision.

,,\fv

case.

Chicago had ruled

in

prosecution

the St.

the

of

Southwestern

Louis

'

.

<'

reversal of the case, directed, its;
in Chicago.
T..en, Mr. Douglas
said, if it were established that continued prosecution- of the claim
would be inconsistent with the plan of reorganization for Sc. Louis
Southwestern Railway, or the administration of its affairs,, the claim
Douglas,
the

U.

in

S.

return

to

should

of

$3,683,464;

was

reversed

4

could

'

the

no

Court

Circuit

S.

of

Justice

a

from

value

-

Supreme. Court

r

reorganization under the Federal Bankruptcy Act and a trustee was
appointed.
The Circuit Court later ■ ruled that all legal actions on
behalf of St. Louis Southwestern Railway then were vested in the

oL/1944.

outstanding

• wun

U.

continue

benefit

trustee.

60,804,

were

took

Jackson

and

C.,

-

thatOMr. Meyer could
claim, which he had filed for .the
Railway Co., of which he was
a
director. ; He. asserted
"successive conspiracies"
had occurred in
which Rock Island was alleged to have participated. / •
!
y/j
After his claim was filed St, Louis Southwestern Railway requested
The

?

Wa'.nwright & Co. are
Colony Corp. for the

1945,

11

hot

Chemical Fund, Ine.—Annual Report-—

capitalization

MwM'Co^of taKrtn Will bB 800.000 shares ct first preferred

■MMu«MVfiyV'u«»»v^4)vi

furter

.,

;

-

Y.

against the Rock Island.
'
Justice Douglas delivered

the

for

This will require the
Th;s will require the

of $230,475, repreof
senting the redemption price of $1C5 per share'on the 2,195 shares outsianaing, plus accrued dividends. The rema.nder of tne proceeds will
go to the treasury of the corporation, and become available for invest

it

Feb.

on

yartis- made

plastics and

•

■

field,-' producing

;

%

'

—

-

O
■vfW1
Chicago Rock Island & Pacific.-Ry.

■-

''

?.

v. 163,' p. 64j.

%

'

vt/>A

^

iixed

ments £?bligfttiqns;t^ave

57... a reduction of $51,^90,916.

filed,by amendment* The .unsubscribed.-,balance of.

cellulose

of

.;

:i(s.

...

standing

-

rayon

producing field in the United States for the first time. Heretofore, the
'
J.
i.'
corporation has -been engaged principally in the manufacture and sale

October

of

.

Tae 15,000 shares of 4%% cumulative convertble preferred wili.be
offered to the public by underwr.ters-at- a price to be filed by amendwent. The 100,000 shares of common7Sti03ck are initially being offered
by theDvihO f Kn for subscription.by
corporation
present- common stockholders
fSV»
An

stockholders
•

the

As

m

-

'

company

cost of the

nual

Chain Store- Investment Corp; -Registers With SEC

the synthetic

;; yarn field having total assets in excess of $150,000,000 was speeded oh«$
P Feb. 7 when, stockholders of this corporation at m special, meeting
K ratified the proposal lor merger of Tubize Rayon Corp. into their or-

disallowed.
beV dlsall

the claim should

ordering

District

If

it

Court

is

not

established,

so

then be considered on

its merits,

hq

directed

that

*

'

$13.15,

and the powers, preferences and rights and the
qualificatiais. limitations or I'estiJctions of the respective classes of
Stock will be the same as the present shares.
'
>
t
Celanese Corp. of America was Incorporated in 1918 as the American

,

,rr^..,

.....hi4

INCOME STATEMENT, PERIOD ENDED' DEC. 31
.1945—3 Mos.—-1944 ~ : 1945—12.Mos.—1944

Int" on U. S.
obligations

Cellulose «fc Chemical Manufacturing Co., Ltd,
The present corporate
was adopted in
1927,
The corporation and its subsidiaries own
yarn-producing plants at Cumberland," Md,, and Narrows, Va.; a "spun
% yarn-producing plant; at Burlington; N. C ; 'weaving: mills at Williamsport. Pa., and Staunton, Va.; a' chemical plant at Bishcp, Tex;, and
a
plastics-producing plant at Newark, N, J,>,:v%:'.:;.;;

$134,511

2,075
$112,

Govt.

$395,184

,

'

•

2,709

.

•__.

;;r';

income—

Expenses

5,823

$137,220

15,812

in

months

recent

As of
and

>

/...

...

.<

.

Sept. 30, 1945, the balance sheet of Celanese Corp. of America

domestic subsidiaries

showed total assets of $127,186,307.
At that
current assets aggregated $55,218,745, compared with,total
current liabilities of $6,357,489, leaving a net
working capital of $48,861,255.
The balance sheet of Tubize Rayon Corp,, as of the same

.'-time

total

disclosed

date,

total

assets .of

$23,703,796.

*

Total

current: .assets

were

$15,810,283,. compared
with
total
current
liabilities
of
$4,775,751,"
leaving a nqt working capital of $11,034,532.—V. 163, p. 775,v
'
'

Central New York Power Corp.^-New Contract—r
This
Public

corporation

on

Feb!

Service Commission

ply

straight natural

gas

the

Syracuse:

Rome

pnny
Gas

has

Utica.

signed
Corp. which

a

in

20-year

assures

8

and

filed
the

place
and

a

of

mixed

Watertown

contract with

the




petition

Federal

Central

New

with

Power
and

(N,

the

the

i

New- York

Commisuon

to

sup¬

manufactured; gas in
area.
The. com-

Y.)

New

York

1

kftsis
ivs.

York

area

19,019'

'

.

of

State Natural
an

abundant

EARNINGS

19,296
/

•

$391,307

'^'ora

m cas

.

"

$117,269

from

$338,919

,

FOR

railway

from

ry.! oper.

-'
$318,344

1

140,710
202,276

_

_

1943

1942,,-,

543,259

,*

*836,035

2,860,827

55,962,109
22,195,944

•

^-923,371

26,079,690
; «■'

21.669,580
36,794,983

C2,477,894

oa,557,111
'

-

-• •

—

,

St. .Loui3

12 MONTHS

'

'

ry. oper. income—_
.'i^Deficlt.-^V: 163, p. 190.

'

AND

1944

,

yV.;r/'77'h^7v.7,'/v7• %>y
23,808 ; - 205,885
Dri28,403
Chicago & Southern Air Lines,

I 7',

v

relationship .to

railway—192,046,910 190,401,106 176,644,686:137,067,138

from railway-,-—

Net

*2,4ol,225

income

From Jan: 1-—

from

DECEMBER

1945

Net

J

.

,

fiduciary

$12,189,855 $15,603,989 $14,789,917 $13,833,545
' *9,260,582 V 6,301,918
2,324,105' 4,970,323

railway

Net

Gross

$98,885

their

December—
Gross

*

.

pai

-74,076

of

317,951

337,312

-

1,859,277

Inc.—-Promotions—

.

Josephs has been appointed as Vice Pre Ident in
and administration,, a new office: which has .b6en
for the coordination of some of the business
banks, $385,376; receivable from sales of
fnnobions of the-company.
Colonel Joseph's new duties will include,
dends
and
interest
receivable, V«27,780; - investments at cost- (value-7among others the coordination and supervision of the treasury, budgbased
on
market
quotations, $14,337,045)r $10,653,581; :total, $11,- i ^
economic planning, personnel and purchasing departments.

7

.co,,TC,'

v

„

.

BALANCE SHEET, DEC. 31, -1945

ASSETS—Cash on ■ deposit with custodian

128,884.

:■

-;'Vfrtionel tf.'

'

Henry

charge

or redeposited with "other
capital stock,..$62,147; divt-. 7-

<7

.

•

$410,996

breach

in

Net

'

;;

announced

Rayon Corp. was incorporated in 1930 in Delaware as Tubize
Chatillon Corp. for the puipose of consolidating the Tubize Artificial
Silk Co. of America, organized in 1920. and American Chatillon
Corp.,
'.■ organized in 1928.
The present corporate: title was assumed in 1943.
./Tubize has. two-main plants, one located at Rome, Ga.^ for lhe pro¬
duction of yarn, and another at Hopewell, Va., for the
production, of

/.knitted fabrics^,

$117,905

.—19,951

Net 'profit "(bef. gain
i'ttfiZor loss on sale of
plans
for a new central research laboratory at Summit; N. J.; a warp-knit
portfolio securities)
fabric
Net
plant at
Britigewater, Va.;
a
gam
on
sa'e
of
plant for the production
of
Chemicals, plastics and related products at Belvidere, N. J., and a ;,' ;
portfolio securities on
yarn-producing plant at Rock Hill. S. C.;,'V'%%;,';%'.!
,J-.,",
f ... -"first - in,..first - out",-.
has

>3V Tubize

-

Total

said

Southwestern and in violation of the anti-trust laws."

$372,012

■

Douglas
Dougla

interests,

-

Income—Cash dividends

title

/%%-In- addition, the cornorati^n

that Mr, Meyer's claim, amounting to "many
.«4iMr.«a
nf
rfniio
millions of dollars," arose from "an alleged conspiracy between Rock
I; land and others to control the St. Louis Southwestern to their own
Justice

$9.97

'

.

■'-.The designations

against

of

finance

7rMfpd

to

meet

the need

Jblfte'd the C.: & S./'organization latq.ill October as Executive
^slitaht to the President. He has devoted, d great deal of his time:to
,
$20,92877 the subject of cost control throughout the C. & b orgamzauon.
.of
/"capital stock ($1 par), $1,121,880; paid-in surplus, $10,188,544; accu- 7
Carleton Putnam, President
also- announced the, appointment BoH. R.
mulated net (loss), $233,083; total, $11.126.884.—V.
162, p. 3070. "777 v Richard S.■ Maurer ■ as General Counsel.—^
/.
7' /lander
Jr - Vice President and General Counsel, who resigned reb. T,
to join
Delta Air Lines in an administrative capacity.Mr.- Maurer
Cherry-Burrell Corp.—Registers With SEC— 77777;;
joined the C. & S. organization in September, 1943.
Ke was elected
i> T-he company on Feb. g filed a registration statement with the SEC
Secretary and Assistant General Counsel in July, 1945.—V, 161, p. 2328.
for 40,COO
shares,,of cumulative preferred stock, par $160% The divi¬
dend rate, will be file3 by amendment.
•
-fV-N?:'- '*
''v't :'
Cincinnati Milling Machine Co.—Registers With SEC
The company is offering 13,549
qf the. 40,OOO /shares of preferred to
the holders of its 43,549 shares of 5,%
7/Company has filed with the SEC ,a registration statement covering
dividend seriqs, preferred; in ex230 000 shares of
common
stock (par $10). - Union Securities Corp.
change on a .share .for' share basis plu?- a cash adjustment.
The ex-«"
5
will head a nation-wide group. of underwriters offering these sharts
change offer ,-is-a step-in a plan of ^capitalization-, of /the .company,yin
when the registration statement has become effective.
,
■
.
•> j. ft
pursuance; of which 26.451 ?h«»res .of the preferred, .together with J.he.The company is the largest manufacturer of machine tools in the
shares not issued in exchange for old
preferred, are to be sold to under«•
,

.

LIABILITIES—Payable-

.

other

accounts

payable

on

and

repurchases-

of

capital, stock,
accrued' expenses
and
taxes,

$30,615;

_

,

1

•

and its British subsidiary is the most Important manu¬
machines in the British Empire.
Organized in
Milling is a leading producer of milling, grinding

United States
of

facturer-.

v

and

machines.

broaching

u

the

stock.

of common

net

and

earnings

industries

allied

the

of

sales

1945

In

group

a

financed

Motors

^oij'992
32,445

-

1945,

stock tax-'
administrative

capital

^
expenses—,,—

Federal income tax—

Provision for

'

22,603

981,666

P'razar

surplus

——*———

.

31-.-.--

Dec.

Surplus,

'•

'

-

—

979,762

The

V

losses

"A

31,

1945

'

'•

'

- -

cumulative
stock

,

Completed—

President, on Feb. 5 in a letter to the holders of cerof National Candy Co., Said:
,
result of the action taken by the stockholders of National

Clinton
Clinton
has been com¬
pleted.-'
..v:
//;'v
"The result of this merger is to terminate the existence of National
Candy Co. as a separate corporation.
The corn refining business of
Clinton Co., in which National Candy Co. held ,a controlling stock in¬
terest, as'well as the candy manufacturing business heretofore con¬
ducted directly by National Candy Co., are now divisions of Clinton
Industries, Inc.
'
" f '
"■ \
L- * i
»
v,
1'
also by the stockholders of
of National Candy Co. into

(of Delaware) and
Delaware), the merger

Co.

the

under

Co.,

Industries,

'Clinton

of

name

tion

a

tional

Candy Co.

is

merger

that

your

no

action

any

value

par

or

value

of

part,

your

on

par.

(whether

Co.

because

conditions

of

new

definitive

be

delayed for

in

the

323

cates

common

of State

Secretary

day."—V.

of

iecorded

was

163,

-

slc

Directors'

in

i

finally

was

New

on

executed

Feb.

Castle

4,

filed

and

1946,

County,

'

Provision

de¬

gen.

for

expenses,

and

with

1945'
£310,618

will

be

"

weeks

ended

Dec.

to

ended

•

1945—V.

3.

for Fed.

31,

barrels,

1945

'

163,

Broadcasting

elected Supervisor,

was

v

-

'

'»<

p.

-

i ■

excess

weeks

480,849

barrels in

.

*1945

-1

v

•'"'y)

^t<•.%;*>■

/,

Electric

Bronx

Interstate

York City now

There

Commission

Commerce

approves

served by Consolidated Edison,

approximately 27,000 customers in the territory Involved

are

in the transfer.—V.

deceive $4,972,000 In exchange for all Its proper-,
the

Westchester

of "New

>

t

■■■:/,

163. p. 777*

.

.

V:- v

>■':

/

a

Pacific

& Maine1
and the Newport & Richford RR.
the money will enable the Passumpsio

Ry,

informed

that

which

•

'':/■ i, ':v'':■

/

■,..

;:■ .N': -V1:■

■

per

order.

:V'/V

of

its funds.

&

Maine

will

Wells

the line of

will acquire

River

the

to

acquire the line of railroad

Wells

to

Junction

the Newport

from

runs

River.—V.

generated

and

for

the

5.9%.

not

always

possible.

Consolidated Film Industries, Inc.

rail¬

running from White

-

t

electricity

output of

week

:■

Feb.

ending

•:

10,

'

enjoin

a

of

merger

Inc., Republic Pictures Corp. and Setay Corp. was dismissed
Chancellor

Cana¬
and the

Border;

Suit to Enjoin

—-

,

Consolidate Film Industries,
Feb. 12 by
action hed been instituted
by Fred L. Yule,, of Los Angeles, a Consolidated stockholder, who had
previously been denied a temporary injunction on Nov. 11.
The
new
company
formed by the merger is named the Republic
Pictures Corp.
Under the terms of the merger stockholders of Consolidated received $13 principal amount of new Republic 4%
debentures. one share of new $10 par $1 cumulative convertible preferred
and 2 shares of new common for each preferred share held.
Holders
of Consolidated common received
3/4 share of new common for each
held: Setay common holders were given 6Mi shares of new common for
brought to

suit

A

„

158, p. 483.

purchased)

a*

Merger Dismissed-—

by the Boston & Maine and subleased by the

that

is

,

Richford and has other stock Interests.

Fassumpsic;

leased

it

reasons

to arrange companies in exact alphabetical
However, they are always as near alphabetical

position

It is expected that the Passump-

after distribution

mechanical

NOTE—For

possible

$1,862,000 are outstanding, and will
share lor the holders of the 24,880

Harrington.

each held.—V.

Dover,

The

Del.

2013.

162. p.

Consolidated Gas Electric Light & Power Co. of Bait.—»

Obituary—

,

Charles

Seeks to Mortgage Property and Refund Present Debt
has

company
18

to

secure

said

Ralph

At

I

H.

present

called

special

a

consent

the

to

meeting

execution

of

of

a

possible

issue

of

additional

bonds

in

Consolidated Industries, Inc.

conditions

subject
issues

to
at

such

regulatory
a

prevail

as

restrictions,

substantial

at

to

reduction

in

present,

refund

a

interest

it

would

large

said

':£•!

profits taxes, &c. $11,08^,200 $12,928,361 >
profits taxes.
6,735,000
8,25o!o00

excess

10 in

—

Stocks Offered

-—

As

mentioned in our issue of Feb.

iT public offering of 120,-

convertible

($5 par) preferred stock

000

shares of 6%

120,000 shares of common stock (par 100) was made

by Kobbe, Gearhart & Co., Inc.,

Feb. 8
■;

Hano/at $5

&

a

and Newburger

unit of one preferred and one common

share.

possible,
of these
Tap-

be

portion

charges,"

Feb.

and

eleven

bonds issued by predecessor

.

HISTORY

Mr.

AND

BUSINESS—Company

was,

gain

from the disposal of radio
deducting contingency protaxes thereon

station WBT arter

„—

for possible Federal

$4,346,200

$4,678 361

r^.'^'^1,000,000

Net income for period
$5,346,200
•Total earnings per share.—
J '
$3.11
Earnings per share from extraordinary gain—
0.58
Earnings per share from operations
2.53
—

"The

1945

results

upon

the

Dec.

29,

are

$4,678,361

——

$2.72

subject to the audit

1,717,076

shares

of

$2.50

now

par

2.72

being made.

May 12,

*

■

•

value

stock

,

tCalcu-

■

314%

outstanding

1945.

Edison

directors

011

Gas

&

Electric

"30 000,000

of

New

York,

1st consoli-

5%, due July 1, 1995

Light,

Heat & Power Co.:

•

"

CAPITALIZATION,

.

11,437,000
'♦ •
•
•■• •

on

Feb.

6

declared

a

cash

dividend

of

40

par

cents

1st mtge. 5% gold bonds, due Dec. 1, 1948
^
Purchase money gold 4% bonds, due Feb. 1, 1949_^.____
New Amsterdam Gas Co. 1st consolidated mtge. 5%
gold

per

value, pay¬

Hollister has resigned

as

Vice-President

of

this

corporation

308epresentative iU New York of RKO Radio Pictures,




bonds, due Jan. 1, 1948~_
Brooklyn

,

Edison

Co.,

Inc.,'

(open end mortgage):
314% series of 1936, due
3%

series due

14,792,000
$8,482,000

mortgage

15,

_._1_

6%

cum.

Common

By

—$2,745,000
bonds

—

consolidating

.

15,

1966

1968

"55,000,000
"4,240,000

value
lative

pfd. stk.

conv.

stock

(par

amendment

EFFECT

TO

PRESENT

to

(par

$5)——

10c.)

the

—•

120,000 shs.
1,100,000 shs,

FINANCING
Outstanding

articles of

company's

;

120,000 shs.
618,000 shs.

incorporation which

authorized capital stock was
value common stock and 1,000
of $100 par value preferred stock to 1,100,000 shares of 10c, par
common
stock and 120,000 shares of $5 par value 67«
cumu¬
convertible nreferred stock.
The holders of the $100 par value

became

changed
shares

May

1968, due Nov.

GIVING

Authorized
.

Present class A and class B stock of $2.50

p

York

1966

1,

Illuminating Co.

dated mortgage gold bonds,
New

March 8 to holders of record Feb. 21.
Payments last year were as
follows: March 2. June l and
Sept. 7, 40 cents each; and Dec. 7
a
year-end of 60 cents.

_?mi63

series E, due April
Elfectric

,

40-Cent Dividend—

;

incorporated in Indiana

1944, to manufacture, assemble and distribute automatic coal
& scott's letter.
„
stokers' oil burners, low temperature home freezing units and kindred
Under
New
York Stock
Corporation .Law, an < affirmative vote of
articles in heating and air conditioning.
Company was incorporated
two-thirds of the stockholders of the
company is needed to authorize
through the efforts of W. T. Winter,
now President, and R. G.
the execution of the mortgage.
.Herbig, now Secretary, Treasurer. , ? '
-Mh
The long term debt of the
company represented by debentures or
:.The principal activity of the company at the present time Is the
bonds outstanding in the hands of the
public, as of Dec. 31, 1945, 'V assembly and sale of automatic coal stokers.
As- at the present time
t- was as follows: ; y.n ■/
-5
i;
v:;-: •<-:
the company has produced and sold class A and class B bituminous
DEBENTURES OF THE COMPANY'•
; ' ;
stokers.
Class B stokers are those stokers/which have a feeding
(Not secured by lien on the property of the company)
capacity of less than 61 pounds of coal per hour and are used in
%
residences. \ Class A stokers are those stokers which have a feeding
10-year 3 Ms% debentures, series due 1948, due April 1, 1948,$60,000,000
capacity of 61 pounds to 1,200 pounds of coal per hour and these
v 20-year 3J/2%
debentures, series due 1956, due April 1, -1956 "35,000,000
stokers are used for industrial and commercial purposes. .\
20-year 3y2% debentures, series due 1958, due Jan.' 1, 1958- "30,000,000
In
addition
to the production
and sale of class A and class B
automatic coal stokers, the company presently intends to produce and
Total debentures of the company
_$125,000,000
sell oil
and gas burners, units for coal, oil and gas furnaces for
residence
purposes,
home food freezers
and kindred heating and
/
MORTGAGE BONDS OF THE COMPANY
,<,' •;
freezing units as soon, as, possible.
The company has recently given(Not secured by lien on the property of the company)
purchase orders to two other manufacturers for 12,500 domestic oil
-/ New
York Edison Co., Inc., 1st lien and refunding mort-'i
burners, at an approximate total cost of $500,000, to be delivered to
:
'• gage bonds (open end mortgage): :\V•--■•.••'••'•'■>the company during the year 1946, which the company proposes to
314% series D, due Oct. 1„ 1965___
L,-„_-/L._._;__u-"$55,000,000
sell under the name "Consolidated." :
«
V
•%.;
t

five

%

companies, outstanding
in the total principal amount of $323,151,000.
Of these, $304,240,000
are
callable with an average annual interest rate of 3.37%.
"Under
market

on

'

future,"

the

Wollman; 'Treasurer, died suddenly
He was 56 years old.—V. 163, p. 776.

Edward

Baltimore, Md.

stockholders' for
mortgage. on its

Tapscott, President, in a letter to stockholders.
the company has three series of debentures and

of mortgage

■•series

■

the

and

company,

ending

1944

Lighting

Westchester

'

barrels

the

and Westchester Lighting
Electric Light & Power Co.

petition states that "no Interruption or change in the service
result from the transfer of the property from
Company to the Consolidated Company."
The elec¬
tric rates now in effect in the Bronx territory served by the West¬
chester Company are the same as rates in effect in the other parts

178,200,000 kwh., for .the corresponding week of last year, an increase

-of

190.

V

-

income and

five

for

Corp.

electric energy, will

the

RR^^urchase^ O

.

£93,453

Steam

The Yonkers

of

The

of

amounting to 191,200,000 kwh., compared with 192,900,000 kwh.
for the corresponding week of 1945, a decrease of 0.9%. . Local distributton
of
electricity amounted to 188,700,000 kwh., compared with

217,676

J#

■;

-

vision

inc

Bjork

Mr.

1946,

System, Inc.—Earnings—

Extraordinary

.

the

(electricity

900

11

'

been

<

15,762

against

as

and 589,180

operations.—

1

duties.

The company on Feb. 13 announced that System

" ' 67,695

£90,255

production

that its
624,910

Dec.

from

able

has

surplus

unassigned

property and franchises.
'
,
^
•...
"This is a preliminary step to refunding the long term debt of the

47,751

•

York

New

To
Acquire
Properties—

its contingency funds from

Consolidated Edison Co. of New York, Inc.—Output—

same

32,392

41,749

income

The

of

Pacific)

Boston

£395,487

240,256 ♦:?>.,« 234,693

etc

announces

amounted

1946
four

before Fed. inc. and

of

if

dissolved

(now

Hiver

1943

$

*

guaranteed by the company.

are

„

1944

£405,992
900 ' ,; ,
900

of

th«r debdhtures

Co.' and

in

insurance

copy

the

on

3

——£9,594

company

Net

as

^

s

was

dian

the

certified

a

Delaware,

depreciation-^__,-_i__11-^;: 18,118

Calendar Years—

.ated

life

of

amount

strengthened

and

his new

Canadian

road

Ltd.—Earnings—

'

Sept. 30—

—„

Columbia
Inc.

$15,898,000

assets

interests

*

Prov.

total

agreement between the three companies who are applying
for
authority to purchase the railroad, the Canadian Pacific will
acquire a controlling interest in the Newport as well as other stock

Including intangible drilling expenditure on producing fields amount¬
ing to £37,996 In 1945, £25,314 in 1944 and £26,509 In 1943.-

weeks

the

natural result of the ending of the war

a

■

Co.
bonds

The

Under the

■

4.

of

was

■

Light, Heat & Power Co., assumed by the Consolidated

Gas & Electric
Edison

;

the Company

' '

I.C.C.

March

fees

and

the

:

3.7%.

stock of the Newport &

^

"Drilling,, production and field exps.

The

business.
paid

the

of claims

6.1%

included

.

r

Colon Development Co.,

in

of

branches

all

in

1

Including $1,290,000 owned by the
Consolidated
Edison
Co.
and
pledged with the trustee of and
in
accordance with
the terms of the first mortgage of the New York

'■/: The Passumpsio owns a line of; railroad etending from White River
Junction, Vt. to the Canadian border.
It also owns all the capital

request is made

,

Delaware

776.

p.

3 Mos. Ended
Total income

Feb.

to

-iJ

the

The

Profit

low

^shares of outstanding capital stock.

"Only 34 shares, held by two stockholders, tut of a total of 578,445
shares
entitled
to
vote
at
the meeting of stockholders of National
Candy Co. were voted against the merger and that not a single stock¬
holder of either of the merged companies has elected to exercise the
rights of appraisal which were available to stockholders dissatisfied

Admin,

been

company will

-The

St. Louis (2), Mo., in exchange for certifi¬
capital stock of National Candy Co.

the merger.
"The
merger
agreement

mortgaged: 4

1, 2004L—J: "9,993,000

SNot

$Non-cailable-

"Callable.

^

be

to

pay overdue bonds, of
leave an average of $125

engraving industry are such that preparation

with

Co.;.1 general

100-year gold coupon bonds, 4%,- due July ;

1

the

\

<■

and

RR.,

time.

or

"25,000,000

ii—

Total debentures of subsidiaries—__ — $23,225,000

North Broadway,

for

thereof

agency

to

for stoc^c in Clinton Industries, Inc. will
However, provision has been made for the
issuance
of new temporary stock certificaes and these are available
at the office of the company's transfer agent, St. Louis Union Trust

Co.,

ties

-

certificates

some

' $8,684,000

——

1, 1967 (open

pending purchase application submitted jointly by the Boston

-

good

—.——

series due July

bonds 3'/a%

^'(//Total mortgage bonds of subsidiaries
———$71,659,000
Telegraph & Electrical Subway *Co.' 20-year,
debentures due Jan. 1, I960———J,* §13,710,000
Yonkers Electric Light & Power Co, 12-year 3Va% deben¬
tures, series due June.l, 1950-———-———
"9,515,000

began in the early war years.

of

The

of

effect

1950

1,

mtge.

mortgage) — _i———
New York & Westchester Lighting

said

regular life insurance

assuming

[j

U

,

temporary certificates of Clinton Industries, Inc. to
liveries of stock under sales or other transfers.-This

.

3 V4%

For the entire duration of the war, the proportion of

1945

due

Consolidated

Hartford,

Co.,

81st annual report, for the year
in part:
>
ordinary business, 17.3 % ahead of the
total premium Income, the largest in

President

by Three Railroads—

or

or

" •

T

Insurance

Connecticut & Passui^pisic

;

your

common

Jersey

New

Life

Dec.

end

'*

and Dr. Beach since April 1943 has been in the Medical
Army Air Corps; receiving his discharge as Major in
Jan. 1946.—-V. 162, P. 1886,
1
,
<
'

v\

old certificates for shares
capital stock in National
Delaware) now represent
shares in Clintton Industries, Inc.
Such certificates for $8.33% par
value stock now represent the same number of shares of $1 par value
stock: In Clinton Industries, Inc.
Such certificates for shares of no par
value now represent three times as many shares of stock of $1 par
value in Clinton Industries, Inc.
'
' ' ^
'
""Holders of National Candy Company stock certificates are requested
not to present such certificates for exchange until thev are notified
that definitive engraved certificates ale ready, unless they need new
Without

Inc.

of

Candy

776.

p.

due

General
+:•

Loans,

Section

:

shares of stodk in Na¬
have been converted into shares of Clinton Industries,
the

of

to

City

Inc.,'

.

result

"Another

163,

% r>
'y

Subsidiaries

series

3%%

bonds

mtge.

1st

July.l, 1963 (open end mortgage)—
—"$27,982,000
Westchester Lighting Co. 1st mtge. 5% 50-year gold bonds,

W:
•'

'

Corp.

Steam

•

on

Clizbe,

a

of

energy

York

.

tilicates of stock

(of

~

SUBSIDIARIES

COMPANY'S

'

$51,873,870.—tV. 162, p. 453.

E.

It1'

-

OF

DEBT

TaiKivl

■

Increased
In a petition filed jointly by both companies. Feb. 7, the New York
from $17,604,594, to $20,696,809.
: ;
P. S. Commission was. asked to authorize the sale of the electric propVr "The funds with which to make these additions to: security were
•; erty of Westchester Lighting Co; in; the Bronx to Consolidated Edison
| obtained largely from investment gains,i which have been realized
Co; of New York, Inc.
<
- ?
& for the same reason which makes this use of them necessary, namelySince its Incorporation- in J.900. Westchester; Lighting'C<v»which is
today's low intrest rates.
It is a well-known fact that when interest
a wholly-owned subsidiary of Consolidated, has supplied electric ser¬
rates decline the value of securities which yield a fixed income in¬
vice to an Irregular area of about nine square miles in the north¬
creases.
A large share of our investment gains has been due to the
east section of the Bronx.
Included are the sections known as City
redemption of bonds at favorable figures.
The money so obtained,
Island, Pelham Bay Park, Williamsbridge and Wakefield, which, as
however, must now be reinvested at a lower interest rate.
"Total assets passed $500,000,000 dui'ing 1945, marking a milestone /"villages, granted franchises to predecessor companies of Westchester
lighting; Cov beforeithese'sections were.annexed; to the City of NOW?
in the Company's growth."
York as part of the Borough of the Bronx.
Officials Promoted—
The Petition to the Public Service Commission Indicates that the
transfer of property will be made for $1,281,500, which is the original
Frazar B.
Wilde, President, has announced the' advancement of
cost of the property less depreciation reserve.
The petition also points
Robert K. Metcalf to the newly created office of an additional Com¬
out
that all meter reading and billing and construction and main¬
pany Secretary, Irving G. Bjork to Assistant Secretary and Dr. Carroll
tenance operations of the Westchester Company in
this section have
C. Beach, Jr., ;to Assistant Medical Director.been
carried
on
by departments of Consolidated Edison- Company
Mr. Metcalf, who in 1943 was elected Secretary of the Accident and
handling similar operations in the New York City territory.
Claim Departments, will continue to direct these departments in addi¬

(no

Clinton Industries, Inc.—Merger

-i

company

Mortgage Bonds, and Debentures of Company's-

<

New

•

force,
which
reversal of the trend of phenomenal growth in group insur¬

"During

(

common

electric

of

14.21%.—V.

or

$80,000,000

decrease

which

ance

preferred stock, $262,500; reserve for
liability for excess profits taxes), $981,666;
non-voting preferred stock (par $100), $15,000,000;
(par
$100),
$15,000,000; surplus, $20,629,704;
total,

LIABILITIES—Dividend
1945 Federal income tax

for

has

slight

^caused

Pont

du

.v•'-at*•• •'*v•:v,;-?;.

follows:

as

r

ap-

$1 par value.

'•

continue

to $1,784,564,736,

8. Treasury notes (at cost), $975,000;
de Nemours & Co. (3,049,800 shares),
$44,659,257; investment in other companies (at cost), $5,937,352; total,
$51,873,870.
*
1 y
v
> f
r
~
I.

and

ratios

loss ratio

war

t

$302,260;? U.

E.

in

'

upon the company's

Wilde,

for war losses.

\

$20,629,704 $20,629,893
$95.55
$95.24

-

stock.—

SHEET,,DEC.

BALANCE

ASSETS—Cash,

investments

'•'As

PRESENT LONG

I,, The

Corp.—Weekly Output—

'

indicate

previous year,

$12,326,000

Earnings per -share on common

output

Genera!

B.

results

"Loss

'
$189 :: > $1,369
20,679,893 20,631,262

surplus———.—

in

decrease

•:•

company-*.—$198,15LOOQ

$ Non-callable.

•Callable.
•

.

has been

York

New

of

stock,

common

the- company's: history.

.

—'—.———$15,382,311 $15,336,131
Dividend distribution—preferred stock, 7% —
1,050,000
1,050,000
Common stock —~—>——-——
14,332,500 14,287,500v

Previous

City

Southern

hour

r

In commenting

;i

35,000

for the year

Net income

the

of

decrease of 38,224,391

a

1945,

22,043

r

:v

,Total mortgage bonds of

carry

Conn.—Results for 1945—

74,600

3^

•

°

&

kilowatt

Connecticut

;

$16,387,483 $16,373,495

Total income«—-•

Miscellaneous

Bank

'.*'•'••

32,445
.

weekly

"1945

Candy

to

subsidiaries
}'. of this corporation adjusted to show general business conditions of
territory served for the week ended Feb. 7, 1946 amounted to 230,742,611 as compared with 268,967,002 for the corresponding week in

;

74,600 (
used—' 13;988 •
>——-—t—•—i—*

Co.—

notes

om tax

Chase National

The

.

,

on

Nemours &

News-Journal

Interest

Co.

free

now

Commonwealth

amortized.

been fully

have

Corp—
Wilmington Trust

R.

is

;_Vpointed transfer agent of the

1945
1944
common stock: .
Co.——L—$16,011,450 $16,011,450

,

received

Pont de

du

General

7%

.

■

capital and

31—

Years Ended Dec.

Income—dividends

Net

•

.

•

working

of

out

Federal

?■

■

'is

Christiana'Securities Co.—Earnings—

The

1

Commodore Hotel, Inc.—Transfer Agent—-,

and

additions

I.

Oct. i,
^ $1,455,000
Light & Power Co., 1st and
;
i consolidating mortgage bonds
(open end mortgage);-. .•/•Vy^'--•>•'•: >
• '
3%% series of 1935, due Nov. 1, 1965^
i "25,000,000
■./:3 v^'/e series due laod, aue wiay 1, laoo—"au.uuu.UUO

..\V. -6% 99-year gola Duna»,- uue
New York & Queens Electric

%

share

stock, no par value, payable April 4 to holders of
A like amount was disbursed on April 5 and Nov,

9.

corporation

The

v

past six years the company expended about $13,000,000
improvements to its property.
Such additions were

the

•During

11.

per

die,

foreign customers.
for

cents

10

has four operating subsidiaries. Unless and: until'any
't Wellesv|lle„ N,
Y., for $2,651,110.
The latter two companies; Coof these subsidiaries are merged into or consolidated with the company,;
,;'lumbia Qak says, made the highest bid for the stock,-which attracted
£-vtheir properties1 would not be subject to any mortgage executed by the
six .offers, the lowest being $2,184,000.-—V.
163,. p. 308. •
-company pursuant to
the consent requested.i!f;Theli^'long term' debt

nnn

equipment,
agricultural implement, industrial machineryf
and bearing industries.
Export sales have always rep¬
resented an important part of the company's business and currently
more
tnan
half of
unfilled orders are represented by demands of
and

of

through its plan to sell 14,000;
shares of the capital stock of the Ohio Fuel Supply Co. to the Texas;
Gulf Producing Co. of Houston and the- Bradley Producing Co, of

electrical
tool

dividend

a

•:->;-

The

exceeded $43,000,000
$2,200,000.
While the automobile and
are normally the largest customers ot
wide variety of manufacturers including,

over

were

as

nnn

declared

7

To Sell Stock of Ohio Fuel Supply Co.—

:

and subsidiaries

company

it sells to a very

company,

'

,

,

....

Feb.

on

common

record March
15, last year.-;

i

being registered,
the company and

shares

230,000

directors

the

011

.

113,113 shares are being
by stockholders of
116,887 shares are being
sold
by the company to reimburse itself for the redemption of a
previously outstanding preferred stock and for other corporate pur¬
poses made during 1945.
Following this financing the company will
have outstanding $4,887,420 of 4%
preferred stock and 850,000 shares
Of

sold

The

V:

Kings County Electric Light & Power Co., purchase money>

Columbia Gas & Electric Corp.—10-Cent Dividend—

*

milling

Cincinnati

1884,

the

Monday, February 18,* 1946

THE COMMERCIAL & FINANCIAL CHRONICLE

C98

effective

from

on

Jan.

31,

1946,

50,000 shares of $1

the

par

[Volume/l63

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4465

r

exchanged their shares, 0n the ratio of
the $1 par value common stock; and the
value common *stock outstanding exchanged

tanks

preferred stock outstanding
1 for 10, for 3,150 shares

formance

holders

Mr.

their

of

the

shares,

$1

par

the

in

of

ratio

shares

for 622,500

for 30,

1

of

the

tank

destroyers.

Power

out.out

and

other

Atlantic

PURPOSE—Net

■

.

mated

for

to

proceeds

The

annual

'being

asked

meeting
to

of

stockholders

consider

and

act

to

held

be

upon

March

175,000
The

is

1946,

19,

the

esti-

are

company

presently

company

intends yto

payment.
will

,

-

•

.n

it

u

•

•

'•

a

•

,

,

■■

,

be

•If

_

„

(4) The

jpany

.

,

.

stockholders

'.

INCOME

31/45
$681,265

discounts, returns and allow.—

520,236

Selling, admin, and general

-

J

the

same

Other

income

$77,034

7,730

—
...

plish

iheome

—™————/

*

1

Other deductions
Normal income tai add* surtax!
Excess profits tax—

sale

to

,,1,288

,

each

of

capital

r

the

create

substantial

the

from

shares to

new

a

present
the

issued

in

in

exchange for

the

sale

or

of

additional stock presently

0/s

in mind.

1945
Net

'

sales

several

profit •—.I*--.*
♦Loss.—V. 1G3, p. 777.

•$7,319

$35,372;.

;

-

net

assets

$29,141,555
shares
in

of

which
net

market

was

beneficial

the

1944

at

equal

interest

assets

market

the.company

holdings:

typea of

$86.98

estimated

or

the

on

31,

shares outstanding

time.

that

at

•

and (in 1945) premium on
redemption thereof:
Loss on sale or dismantlement of
properties, etc.
Provision for .contingencies
r

,

.

Provision

,

,

-

,

General

market

Investments

in

special

situations

$15,322,433
9,612,391
v
2,027,479
1,705,125

———

-

Preferred "stocks

Railroad bonds

Cash,: receivables

Total

-

—

(net)

i

AND EXPENSE

STATEMENT

YEAR

DEC.

BALANCE

SHEET

DEC.

31,

1945

ASSETS—Cash, $411,707; investments (market
$13,889,657; dividends receivable, $5,544; accrued
notes

and

accounts

ceivable/ $8,700;

deferred

receivable, $48,278;
items, $425; total,

LIABILITIES—Accounts
gain

f

A

($1

par),

^

"

i1

'1

1

(

interest

investment

1 *—

-

!

income

surplus,

$103,492;
v

*

t

total,

3U

*i

$14,365,001,

*!

>

..

UNDERWRITING—'
Premiums written

Inc.

in

/

3«45

1944

31

*

earned

_1

in

$29,019,663 $26,936,558 $27,098,759

Losses'

16,040,561

Expenses

,

10,819,450

11,459,879

Underwriting profit'

made, by

$1,611,661

5,174,861

5,006,051

175,162

163,322

$4,842,729

Total
net

surplus-,^

y.

stocks and bonds

Total

$5,496,599

11,303,601

of

Special

reserves

Federal

income

Cash

dividends

tax————

Cr991,774
1,423,221
3,999,985

—-

declared———

'

———,

Crl41,782

surplus, Dec. 31
balance

assets—

dec.

31,

profit-

tax).

'

—

Portion

of

Cash

Barrels,

Net surplus
f

all other

;_-Jq

for „ war

/

I—i

95,139,394

stocks

.

on

had

been

used

the

total

admitted assets would be $162,690,479 and policyholders' surplus $118,632,642.
tSecurities
carried
at
$1,814,039 in
the
above
statement
are
deposited for
purposes

M required

162,

by law.—V.

Continental Motors
v

C.

to

—_L

at

earned

Cr25,000

surplus

to

;

>

the

$615,210.

SHEETS, SEPT.

also

and

,

A

retaining

stock.
Net profit for
inventory obsolescence and
attributable to the ending of the war,

war

period

post-war

a

reserve
of
$180,000
develop In the future, but

may

and

its

owns

Drug Co.

was

Ohio.

Closed

stock

Stock

This

thereon

have

stock

been

of

operates
Since

chain

a

Sept.

30,

■"

of

43

1945,

;.

during the

retail

the

„

$0.06

_u,

of

the

company

was

Exchange in January,
prior preference stock

more

which

were

than meets

178,670/

admitted

to

.

of/ 99. Cunr
.

listing

■/

on

the

1945.
was

A total of 511 shares
retired during the year,

1944

1943

$6,842,074

$7,741,361

$7,028,191

186,116

Post-war

$2,180,909
$208,468

123,134

; :

117,319"
.V 35,000

<

,

/

of

$536,472 in

1946—Month—1945

$923,294

>•

5,366,821
$2,115,840
30,817

.

"%$2,144,311
$2,144,311

$2,146,657
S
11,938

inc

——

tax

and

surtax—.

profits tax—

4,903,8721
$2,124,318
'

21,527

.

refund

-

of

excess prof, tax
decline in inven-

per

$2,145,846
V.

common

5,516

283.000
283,500
1,424,500 S 1,369,000

0*142,450

Crl36,900
'

100,000

-

class A prior prel. stockon
common
stock
1—

on

12,101
290,000

1,227,000

Dividends

Earnings

105,782

$615,210
5,078

$569,668
11,148

238,385

share

/CONSOLIDATED

$3.18

BALANCE

SHEET,

SEPT.

238.047 R
$2.92

30,

1945

;

$524,730

;. 12,624
238,497

$2.68
A

-

'

ASSETS—Cash, $1,414,828; U. S. Treasury tax notes (at cost and
interest)', $1,057,651; trade accounts receivable (less reserve
of $12,500), $47,975; refundable Federal, excess profits taxes, $158,847;
inventories, at lower of cost (first-in, first-out basis) or market (after
deducting reserve of $175,000), $3,639,880; capital stock of subsidiaries
not" consolidated,
at 'cost (undistributed net. earnings of
approxi¬
mately $209,000 since dates of acquisition have not been taken up),
$330,257;
advances to
wholly owned subsidiaries
not consolidated,
$488,165; cash surrender value of insurance on lives of officers,
$52,100; notes receivable from officers, $3,487; miscellaneous notes,
accounts and investments,
(less reserves of $7,763)$94,208 property,
accrued

$2,180,909'

and $488,500 in

1946—4 Mos.—1945

^

—

Surplus

/ 60,000
.1 1,751.800
/;V 3,432
def.48,106

15,184

1945

fA: vf&i '*' ¥ •; J.') r'v

5,670,253

for post-war

tory: prices

99,633

1,751,800

.

$7,482,661

$2,071,108
73,203

excess

Prov.

Co.—January Sales Rose 18.6%—
"

.

$7,562,270/ $7,293,043
$7,562,270
179,091
189,618

.

normal,

42,869

,

.'

^

a total

for redemption as of Sept.
sinking fund requirements on the

———_

deductions

Fed.

Federal

209,778

$2,257,668

for depreciation

190.

p.

Other

125,000
320,496

3,432

$1,095,201

163,

and

$20,920,169 $20,438,381 $18,874,922
13,357,899
13,145,337
12,032,848

sold

——

$211,799

Total ———_——

—V.

In

directors

v.v-

income

Total

998,534

expenses.--—-—

■.

Period End. Jan. 31—

of

1944

$305,562

Diva,

accrued

Sales

stores

called

the

—

profit

$2,257;668

■

Earned ."surplus

Crown Drug
,

Net

l

2515.

Schettler Drug
income, for

board

*

.

year,*leaving,

expenses, etp.

.

350,657
'160,255

j—

p.

The

included in

Selling, advertising, warehouse, de¬
livery, administrative and general

42,532

for

162,

Cunning¬

,

goods

972,879

,:

reserves

The remaining

Inc.,

,

stock.

235,973

taxes

•After

for
are

termination.

of the preferred

part

received

Operating profit
operating income—

Other

;
.

containers^ with customers.—
Reserve for war and
post-war contingencies
Capital stock ($1 par value)

;

;

87,590

150,537'

market—

or

—

surplus

,

profit for

and

dividends

York

Cost of

$104,042
■v.';

:$344,836:

and bottles at cost (net)———

Accounts payable and

net

Bulletins, Inc., incidental non-retail subsidiaries
the past, have not been included in consolidation.
The

Net sales

30

;•

(net)—.

cost

^

Capital

87,590

*

receivable
of

The

CONSOLIDATED INCOME STATEMENT, YEARS ENDED SEPT/
30//

>•'

$0.09

_

lower

/
:

.

|

plant

$4,862,445# $4,063,008

and

$1 535,049;

• V

laneous

equipment

(after

reserves

for

depreciation of $844,760).
rentals and miscel¬

goodwill, $1; prepaid taxes, insurance,
$161,368; total, $8,983,817*.

expenses,

„

/■/it': Substantial orders have been
,/

the

Total income
/■'/•;/

$150,881
-

—

Total

Corp./—Producing New Engine—^

President dn Feb.
production of a new

are

Other

cost—J

notes

at

charges

I944.r-V.

Reese,

started

/

in substance:

ended

30, 1945.

$104,042

:

/

12 announced that this corporation
9-cyiinder. radial air-cooled airplane
engine for postwar executive type and medium size transport planes
to be manufactured by
Beech Aircraft Corp. and the Lockheed Aircraft Corp.
'
.■
V

has

/

J.

1510.

p

to

/, of 6 7o class A
including 253 shares

;80,071

•

1945

cases

Deferred

Reserve

basis, approved by National Association 61
'.Insurance j
Commissioners,—If actual Dec, 31„ 1945 market quotations of bonds '
and

is

company

Realty Co.,

New

3,631

share———:

and

Accrued

.Total'—U—$159,197^31
•Valuations

of which

some

One kstore

$187:743

$125,880

,

—

post-war conrequired—i

longer

LIABILITIES-—

142,231 f

20,000,000

—

*

has

E.

and

.'•Fixed assets ii./_

2,000,000

claims—v.

u.-—'

x

deducting the annual dividend requirements of $6 a
outstanding plass .A prior preference stock amounted

The Marshall

$181,810
3,933

102,957

-

——

Capital

1945, reported net
729,000 capital

the

on

K

•

ningham and Shaperov stores in operation at
Sept. 30, 1945.

;

365

exp.,

1—__-u—■..:•

Accounts

LIABILITIES

Reserve' for

data,

approxi¬

has.authorized the purchase of the
remaining one-third of the common
stock of Marshall.
Marshall has outstanding 6,275 shares-of $100
par
0 value 5% preferred stock, all of which is owned by outside interests.
The Schettler
Drug Co. operates a chain of 10 retail stores 5 in the

$229,202

u-j———■

and

transferred

Investments,

Unearned premiums
—w-.—$29,409,158
Losses in process pf adjustment-w-——
10,435,748
Resarve - for - taxes and expenses2,070,700 ;
dividends—

shkre

a
*

the year.

143,164

148,254

BALANCE

$159,197,231

for

the

the

company

331,232

,

$221,66$

payable

Inventories

Reserve

wilt be

not include the equity of the
company in the
which equity for, the
Sept: 30, 1945, amounted to
approximately $125,000, in¬
cluding $50,571 attributable to
ownership of two-thirds of the common
stock of the Marshall
Drug Co. and $23,418 attributable to
ownership

Co.

207,988

235,434
379,038

■ASSETS—
-

345,432

—

$3.14

649.

*

—

no

Earnings. per

5,396,087

All other' assets—————

Jr.,

0 which, as in

$864,193

—'

i—

reserve

-tingencles

Dividend

259,272

—.

incomplete

.

243,451

7,534

disc,

Balance

'

3,388,702

.JZ

-r

of

1945

ended Sept. 30,

year

to
p.

basis

year

The net profits do

$3,625,246

-

$984,394

-

192,913

Agents balanced, (not 90 days overdue

tne fiscal

Norris

after

on

year

2,761,053

int. on debs.-, etc—
Provision for Federal.and State taxes—

t$149,614,825

/Cash on deposit and in office;-—_—r——

the

full
-

$569,668

ham

$3,868,697

3,038,016

-a——

/Net profit for the year—-.

1945

stocks

.Interest .accrued

revenue

expenses

?/Total profit

3,999,984

estate

Total

(incl. Federal

income

Debenture

—

■

•Bonds and
Real

sheet

On

the

1945

$98,632,643 $92,345,561 $80,185,183

„„

for

g of all of the common stock of The Schettler Drug Co.
/. equity is derived from Essex Cigar Co., Goody Sweets,

1944

$4,260,518

Operating profit

-

Net

as

Shapero, President, in the company's annual
report for the

year

class
_

Dr51,587

:

Hershey

Atlantic

net profits of iti unconsolidated subsidiaries,

,

$4,022,410

Administrative

886,307;
3,999,984

S.

attributable

/.
}

being

was

238,108

Selling expenses
Shipping 'expenses

$118,070,074 $97,373,634 $84,185,167
15,000,00^

net

0 possible use to offset losses which
v

1945

Net-- sales

Other

surplus to capital——

for

around-Cleveland,

12,883,409

18,628,118

A.

The-common

611,881

Z—

(net)—

to

.

64,253,665

388,252

Cuban

$3.18 per share on the
outstanding common
the year is after
provision for determinable

in increasing numbers
toys.-—W 163, p. 68,

tax.

Cost of goods sold

$6,384,625

80,185,183

485,035

Close

allowances, discounts and ^Iassachu-;

sales

"Gross; operating

$6,611,361.

—

—

Transfer

4,786,600

92,345,561

—-

Previous

$1,774,267.

than that figure.

.Detroit Metropolitan Area.

$4,088,289

ProL.oh sales of stks, & bds. (net).
Inc., in market value .of real estate,,

of

estimates

Atlantic

to

used

even

698,311

$4,999,699

;

-

Net Investment income/

being

were

equipment,

.

setts

.

Interest, dividends fthd l/ehts^M-«U
Expenses

Nate

share

Brewing Co.—Annual Report—

Returns,

$2,296,336

$653,870

the .company

all kinds of electronic

'

INVESTMENTS—

.

profit

Gearen,

but

slated that output of capacitors

Years Ended Sept. 30—
Sales

13,342,543

/11,367,440

'

15,463,237

F,

the

.,

at

Croft
premiums

assets of

months

net

year ended Sept. 30,
1945, said
Net profit increased from

new

those

1943

—$31,935,122 $29,489,719 $27,372,774
premium reserve2,915,459
2,553,162
274,016

unearned

consolidated basis .total

other prqd-

the

year

sugar.

Cunningham Drug Stores, Inc.—Annual
Report—

wages,,

close to the wartime rate of
production because of the
applications for these products that have been developed
since the start of the war.
He pointed out that, not only had capacitor-type motors become popular once again, but capacitors such as
many

years ending dec.

Blake, President,

continued

'7

Continental Insurance Co.-—Earnings—*
/ Income and profit aqcount,

(trade), $446,149; accrued
$383,769; accrued State, local and

The

Octave

1

*

refined

and

sugar

Last

plant.

of

been elected
Secretary to succeed the late
J.-Will, head of the tax department, has been
elected Assistant
Secretary.—-V. 163, p. 308. ;//•'•••

corporation reports that gross sal# for January totaled $1,881,057.'only slightly less than the $2,074,240 reported for January, 1945,
when .the company ; was
heavily engaged
war work./ Thi^ compared
with gross sales of
$275,507 for*. January, 1940. ^
i
:
v

payable,; $1,150; provision for taxes, $69;
paid-in surplus, $9,764,176; capital;

'

s

payable

and

Cornell-Dubiliei* Electric Corp.- -Production
Wartime Peak-

re■

nine

a

mark-downs,

receivable,

accounts

$14,365,001.

transporting

power

pounds

stated to be about
$5,750,000, giving effect to tne sale.
ended Sept. 30, 1945, the
Hershey properties

gre

the

Richard

J.

$28,667,429);

$335,054;

surplus, $4,161,060;
162/ p, 2815.

—V.
v

stock

value

for

electric

Cudahy Packing Co.--New
Secretary, etc.—

commissions,
other
general taxes, $207,289; reserve for Federal income
taxes, $590,600;
reserves, $1,149,185; common stock (200,648 shares, no
par), $5,279,300;
Initial; and ^capital/surplus; ; $l,632,598j : earned " surplus,
$4,893,241;
common
stock
held
in
treasury (87 shares), Dr$3,057; total, $14,579,075,-V. 163, p. 777.'
''

$868,398
904,643

_—

track

1945

on

.

rliabilities—Accounts
salaries

Cr 1,132

(exclusive of capital gains and losses)-,---—

an

of
$2,289,000, equal
shares outstanding.—V. 163,

$9,487,101), $7,101,947; patents, $1; deferred charges, $19,315;
total/ $14,579,075.

65,180

—v

sugar produced at
and possible increase,

Assurance,

ciation of

$867,266

;

—.,

a

take-off

horsepower
power
r
The

will

rating
with
carry

of
a

525

geared

from

6

to

received

horsepower

drive,
14

he

for the
with

said.

passengers. -:

a

new
.

The
;

engine which has

direct

planes

drive

and

which

it

600

will

•

engine -is an improved version of the Famous R-975 450
horsepower radial engine which Continental built by the thousands
//during the war years to power medium (30-ton)
new




tanks,

amphibious

.

to

income

f.

inventories, $4,277,023; miscellaneous investments, $41,037;
buildings, machinery and equipment (after reserve for depre¬

land,

.

u0, 1945> would be increased from $16,988,000 to $33,568,000.
ed net current assets of the Hershey Cuban enterprise as
date

Cuban

$785,906;

$932,446
-r-

31,

of

and

imanagement

$2.54

DEC.

of

01

author?

the

n

on

into

the Hershey refinery from
your five mills
villas Province may
permit economies hitherto

miles

mately $100,000 less

401,122

$3.05

'

For

$508,660

401,122

increase

an

stork

your company's principal purpose in this
supplement and diversify Its present Cuban

to

sugar

Las

forma

pro

reported

__■

$612,542

and

canita!

n«r

-However,

126

fi,COni
that

#

of

350,000

495,000
/

raw

and

seaport

a

ml ep

hand, $1,343,704; U. S. Government
securities, at cost plus accrued-, interest, $1,010,143; accounts receivable
(after
reserve
for
doubtful
accounts
and
discounts
of
$191,598),

1945

31,

.

paid

surtax—"—

CONSOLIDATED BALANCE SHEET,

$86.98

ENDED

to

7,737
I."?-.":- L

is

refinery produced .4,185,000

33,749

7,566

100,000

dividends

ASSETS—Cash in banks and

.

*

•

and

Earned per1 capital share--—

-6.05
J 5.09

/

—___

Net income

capital

28,69
■

-Z

Dividends

Common

1.42

Adj. Fed. inc. and capital stock taxes priofc years

$691;

$45,73

474,126

income

Net ■'income

normal

share./

$29,141,555

—

Expenses
■'

—-

—^

INCOME
Total

;

—

Federal

.

stocks--

common

Per

Value

~

.

for

Amount

Total

;
•

about

ucts

$900,146;
;;

30,228

..

'

sugar

64,946

$1,245,337

Interest and amortization
expense on debentures

amounted "to

value

The
■

$835,200

116,009

share

common

they will then vote
uxuieiicu
preferred oiuck. change
stock cxiuixue

of

merging of operations or personnel is not
The Hershey properties would add about oneCuban-Auantic'sP'iaw sugar producing capacity.
"
Hershey Cuban properties consits of three raw sugar
mills, a
refinery, 60,000 acres of-land and an-electrified railroad line

On

31, 1945 consisted of the following

on Dec,

$1,129,327

income

new
new

third to

wicn
.

Other

of

ux

shares

presently contemplated."
:

439,193

.494,381

-

1945

amounted to
per
share on the
335,054
On the corresponding date

outstanding.

at

$20,686,900/ equal/to-$61.72
Net assets of

to

Dec.

of

as

depreciation

acquisition,

shares

oiioico

your/present Cuban-mills.

Macanzas

—_____

Profit, from

Consolidated Investment Trust-^-Annual Report—
Total

for

,

of

this flow of

impracticable.

$23,564,277 $22,474,066
/Cost of sales, exclusive of depreciation-,—/.;..—-:
20,616,344
19,905,099 r
Administrative, selling and general expenses-—
1,324,223
1,294,572
Provision

the

60,000

uv,ui/u

to

acquisition

of

-

Net

the company elects will depend on sub¬
but it is not contemplated that an offering

outstandlnu

of

stock

in

1944'

•,

.

and

interests, particularly throught the Hershey sugar
refinery, which
.the largest-in Cuba* enjoys an* outstanding position in the Cuban
industry, and has been a substantial outlet for raw

advisable, to provide for business expansion by
additional stock.
However, the board of directors has no plan

of

and

preferred

same

stockholder^

sugar

found

the issuance

stock

Cuban; enterprises,

proposed

it

make

the

ways,

cumulative

1,250,000 shares.
After allowing for the maxi¬
275,000 common snares involved? in the Hershey deal there
a balance of 246,000 authorized common shares which
would

of

Hershey

consolidated income
statement, years ended dec. 31

.

30,000

and

of

two

of

5%

common

'

.

number of

respect of
transfer
taxes
of
authorized
shares
will

remainder

either
new,

new

capital or other purposes.
■
The by-laws would also
be amended to increase the
Cuban-Atlantic
board of directors from
eight to 10 members. In addition to the exist¬
ing* members is is proposed that the two new
positions be filled by
Parrish N.
Hershey and Percy A. Staples, both Identified with the
Rershey operationsfor some years,
'
■
!
In a letter to
stockholders, L. A. Crosby, President of the Cubansaid:
"Aside from the intrinsic value of
the well-integrated

general interest in the stock and
the low unit par value will accom¬

while

shares

in

par

par

>

present
amount
of
the amount necessary

is

be

$100

$5

/be reserved for future'working

shares;

non-par

the
txic

number

would be

more

economies

unissued

•$6,030

4,451
.13,000

'

■

of

marketability,

substantial

TT'. ^

'

$84,824'

——-'

tend

its

possible,, when

v,

for

Total

will

improve

•$6,030

.,

stated

to

729 000

common

mum

/

now

-shares

25,986

expenses-——

Operating profit

of "the

outstanding.
/•///'■'/■/./; .f.v
It is believed by the board of directors that the increased

/>;

-

/

shares for

common

the par value

cover

those

88,522

83,934

_—.*■

par

.

to

to V

-r/

Apr. 30/45
$108,477

Oct.

Cost of products sold

new

//; $5,279,300 to the amount-of $7,022,680 which

May 12, '44

r

sales less

the

and--increase'

STATEMENT
6Mos. End.

Gross

>

.

.

CONSOLIDATED

60,000

approve

of

vi

existing

ized

of

stock.

common

direct

authorization

-

properties

of

The method which

•

the

;

par),/in the. ration of 2Va- of

,

balance% to provide*-general working capital for .the; pom

<

Period

.

by

or

the

shares

shares

alternative

made

,

-

of

for

pay

40,000

cash;

wwvuvjjtiRojuu

'

■

...

•

of

137,500

sequent mal'ket conditions,

use, v

j

in

shares
first

to

up

elect to

stock,

gives Cuban Atlantic the option of selling
own account to
others; up to 2,000 shares of new preferred and
137,500 shares of common to provide funds to make the cash

for its

proposal, approved and
accept the provisions of

a

recommended

,

by

received

be

be
$508,500,
which
following purposes:

to

the

issuance

by

preferred

Continental Steel Corp.—To Split Common Shares—

.

..

,

may

viz.:

per¬

by the board of directors, to
Indiana General Corporation
Act, approved March 16, 1929, as
amended, and to restate the provisions of the present articles of incor::1? poration of the corporation by the adoption of the articles of accep*
(1) Approximately $25,000 to* make the initial payment on purchase
tance.
Such restatement includes but is not limited
i
to:
••'V. Wi,--*-'v.
ice of new mulcting.
;
price ot new building.
.,•
^
Elimination of all mention of preferred stock and all provisions
(2) Approximately $150,000 to purchase new or additional machinery
%.relating thereto, and all authorization thereof (all formerly issued
and equipment necessary and uselul in-the operation of the company's 4,
shareg of Dreferred stock havina been
shares
preferred
having been'heretofore fnllv redeemed):
fully redeemed);
business
uoimcoo.
-.
Autiiuiliauuu.ui
Authorization.of i,uuu,uuu snares, fill common shares
1,000,000 shares, an
snares
ipar
(par $14), of
j,
in
i,(3)? Approximately $50,000 to:retire a loan to the company from - which 501,620 are to be issued forthwith
in exchange for the presently
Lafayette, National Bank at Lafayette, Ind.tUii
outstanding 200,648 Common shares' (no
,

899

$6,125,000

of which

stock,

common

Hellcat

characteristics have been greatly improved for airplane use,
stated—V. 163, p. 308. •'< •
-V
'//':•<-/•■
.:>■

Reese

10c.

they donated and returned to the,
treasury of the company 124,500 shares, 120,000 shares of which will
be used for sale together with the 120,000 shares of G'/o cumulative
convertible preferred stock being registered hereunder.
value

par

and

Cuban Atlantic Sugar Co. — To Vote on Acquiring
'Cuban Property of Hershey Concern—"■;'v':':"/>/
The
stockholders
will
vote
on
the. proposed
acquisition by this
company of the Hershey Cuban sugar properties at the annual meeting
on

March

Under

trustee

5.
an

for

; agreement

the

Hershey

:.

between

Industrial

It

/;■ '.
and

School,

./'•«,

•.

/.

Hershey Trust Co. , as
dated -Jan.- lr 1946,* Cuban

the

accounts
payable,/ $906,261;
payrolls
and
withheld from employees, $338,920; contribution to employeesplan, $180,000; taxes, other than taxes on
income.
$155,546;. dividends payable on common stock, $47,699; accrued rent.
$72 458; Federal taxes on income (est.), $1,604,499; land contract, for
purchase of real estate having a cost of $75,000, payable in annuai
installments of $5,500, $55,000;- reserves /for contingencies, $168,191;
LIABILITIES—Trade

amounts

profit-sharing

.

i

.

THE COMMERCIAL & FINANCIAL CHRONICLE

900

adjustments, including decline
class A prior preference stock (par$100)JU2;v"
$2.50), $476,995; capital surplus, $499,317,
surplus, $4,163,629; total, $8,983,817.—-V. 162, p. 3071.

Deserves

300;

for

post-war

$180,000; 6%
stock

prices,
earned

Culver &

S.

said:

"Because

known

of

*

/'/v-VA''

/:■

Feb. 12 in a letter to the

,rA:'A'yA';

the

in

modification

'The

as

in

in

the

of

use

1946

telephqne

forecast

was

Communications

Commission

in

11

in

Period End. Dec. 31—

instruments-by

recording

Feb.

on

Corporation'),

Culver

■-A''

research

scientific

(hereafter to be
and the pending excha"£® 01 i.1;
debentures and new comm i
name

company

the

that

Operating
Operation

Washington,* D. C. by

instruments,

brief

the

as

reflecting

the new

Net

Retire,

C'i

"■ .V-x.v';..!-:;-'V:
20,000 American businessmen

than

find

now

hearing

•'-■'

Net

Provision

Federal

taxes

income

previous

for

paid

...

268
2,000

..

';

1944

$6'qcZ

1,503

year.,.;./.
\

—•

_

'■

1945

$7,417

after expenses and usual taxes
for Federal income taxes..——-—-

Dividends paid

•

/AA •'

income

Balance

surplus
surplus

1-

■■

,

Res.

against RR. right of way
Surplus adjustments —<—

•

Surplus balance

and acreage—
.

.

at Dec. 31

as

t

$4,604

"

—

—

bank,

total,

railroad

$5,363;

of

equipment

railroad

and

against fluctuations of $1,000), $51,809;

of

value

$9,947),

$500;

furniture and fixtures,

$6,000;

provision

$4,604;

surplus,

,

vital

The

of

300,000

need

at

utaition

cents per

50

and

(Daniels,

development

the

of

Morris- Building;

1840

mining

company's

Philadelphia,

Mark

properties.

will

,

i£ix Months Ended—<
JNot sales

/

Dec. 31, '45 Dec. 25, '44

taxes

of

{Earnings
--m/.

:

capital

per

163, p.

Dec. 29, '43

The

:

this

342,002 A

—_

shares

share
777.

514,134

514,134

$0.67

_

,

$0.91

-

__

For

corporation

that

announces

Sales

its

of

in

Album

of

retails

at

has

$5.

been

the

on

market

about

for

777^-vA::;0^

two

years.—V.

^" AA AAyA

of

the
to

only

directors

common

"March
•cents

have

stock,

This

2.

cn

declared

income

of

March

cents

30

to

30

share

per

holders

a

Wears End. Oct. 31—
(Income from sales (net!
•Other

"1945

$7,620,103

income

Trot:I

49,897 .at

$7,669,738

Clarice,

wages, etc,

'Gust

$7,855,734

A 3,595,433
2,296,188

profit

>Divs.

paid

will

__—$277,118
declared.
106,474

102,726

CONSOLIDATED

BALANCE

S.

—fund

of

(at

cost)

excess

and

profits

accrued

and

nute;

M>lrst-in',

-Sundry

accounts

the

on

basis

first-out

stocks

IPravcJing

and

•

lower

or

31

market

100,222

State

per

fc

A? A

57,985

--fy

(net).

2,048,594

.*

Accounts

an

1

dividends

Saiarie.':,

wat es,

"Accrued

Federal,' State

commissions,

(less

(ftc crv5

fcr

;

:V.

(no

266,705

v

59,170

.'r 162,119
1,277,709

1,277,679

•

1,013.222

1,428,975
in

(Earnings of

Gross

earnings

Operating

;

of

ex-ess

;

Net

iv

Total-

-

earnings

$5,400,803
reserves

,363,229
in

in

1944.

$151,011

for

depreciation

1914.

in

U.

S.

(The

third

board

eight

meetings
on

30

Tuesday
of

■owe

The

of

June

of

first

Oct.

15,

bv

directors

and

in

1946.—V.

$1,479,700

shares

notes

of

Nov.

will
Feb.

161,

date
next

p.

be

12,

2785.




1,

Gross

$5,474,351

in

in

the

fiscal

1945

held
1946.

>2,.;,,
1 1945
$134,304

in

to

will

June

the

30,

calendar

second

fiscal

meeting

'

1944

of

the

is

6,008

$45,442,724 $45,487,723

$950,063

:

'89,910

-■.

shares

-■

-/• 290,374

16,502,467

i

...

,.i

$1,030,063
v

.

16,502,467

22,774,090

22,774,090
5,090,728

5,126,193

...

week

American

Power

Power

&

1945,
•

Inc.—Weekly Output—

ended

Feb.

Pwr.

&

Power

Lt.

&

System

the

1946,

inputs

of

client

Ebasco Services Inc., which are subsidiaries
Light Co., Electric Power «fe Light Corp. and
Light Co., as compared with the corresponding
&

were

2'2

7,

of

(in thousands of kilowatt-hours):

follows

as

'•

..

2v'.2:

1946
173,501

" 2'-.

•.

—Increase—
Amount

1945
169,472

Pet.

4.029

2.4

75,727

90,516

"14,789

"16.3

95,895

102,274

"6,379

"6.2

Corp,2.2/

Light Co..

j?:

2-

.

'.

NOTE—The

above

/"

v/v2222.:''2': '-;2'2 -'.2:'

figures

do

not

include

;/ v./.•//"'.2,/v'

■'

the

both periods.—V.

not appearing in

Electric

Paso

El

System

163,

p

inputs of

any

778.

Co.—Earnings1945—Month—1944

$4,015,654

103,457

1,350.919

19,236

188.860

24,313

24,061

291,395

285,991

82,379

70,982

947,536

815,175

Maintenance

Depreciation-

$346,000

Federal

162,746

Other

13,243

$3,811,757
1,275,524

$332,882

17,357

revenues-

Operation

31

1945—12 Mos.—1944

$343,190

120,045

Operating

1944

—

income

taxesjw-

181,647

2____i.-._.

29,964

31,460

392.861

368,653

revenues—

taxes

$69,129

$83,683

$844,081

$884,765

85

5,434

16,271

18,180

$89,118

$860,352

$902,945

42,630
•'

31.679

Net

18,100

Other

$80,767

oper.

income

(net)....

Balance

$77,600

'-47,494

47,582

Interest

Parent

Two

year

1946.
held

-

Net

-V.

company
income

162,

•

2_;__—2—;,

Balance

be

1946.
be

38.728

$69,214

______

amortization

18,286

21,479

232,657

258,234

_;—■— a.L

$50,928

$67,639

$627,695

$644,711

&

the

therefore

to

convertiole

2-'\."2

$1,270

|

.2.2.2—

^

1,432'"

.

.

payable.

companies

National

23,744

_

deductions

338,607

61.965

.

"Decrease.

190,708

income

274,948
■

$25,014

11,540
-I43,528
:/ - ■ 32,801
Income raxes. State and Federal—34,542

Subsidiary

5,022.144

-

Services

Ebasco

operating

98,762

income)._22222^-^?«'2;-$393,889*

General Jaxes

1944

1945

5,022,144

I.

$123,776
H

Depreciation

year

to

other

Maintenance

Gross
new

a

anntial

period

The

and

:$156.926'

•

$45,442,724 845,487,732

National

•

(incl.

$35,465

$40,082,235 $40,082,235

r

___:

surplus

Electric

QUARTERS ENDED DEC.

-

and

1945

■;

adopted

of

accrued

19.566

SHEET, DEC. 31

2

Operating Subsidiaries of—
Power & Light Co.

1945

revenue

Operation

1945

in

1945

$.71,729

;

YEAR

recently

the

The

from

on

FISCAL

has

October.

held

IN

changed

months

of

85,179

tax

,

INCOME ACCOUNT

V

/

Period End. Oct. 31—

■"

92,032
,

$1,406/760 "$^391,083
1,371,295 ; ; ; 1,234.157
'

BALANCE

American

$3,147

-2i'

Y'.

subsidiary companies

accounts

and

For

3,033,048

23,589

deductions

CONSOLIDATED

Dr258,661

•

stockholders

was

valuation

Treasury

1944.
CHANGE

••-emling

and

tRepre«ented

tAfter

s

174,231

$26,735

_

.Net. income-

;HO

^

174,231

p:

deductions...2:

-

2941.

$33,273
Tp

23,588

$9,684

$30,017 '
23,743

$6,274

<

^ 39,619

"685,700% common shares and 789,668 convertible shares (including
par value.—V. 163, p. 70. 1 ; ►
•
v
•; *' f-. *'

148,923

107,569

504,981

$1,542,300

*

.

l,258,33l"f j

Dr258,661

(Total
"Aft-r

-r,.

______—

1,845,056

49,212
91,611

-

Total

only) '■„>

expenses

"

72,784

•

>; :

scrip) 110

..

n:nderlying assets, ^eliminated in consolidation

>»5J181

Company

/

$1,565,675

"..^.2—.'

"Common

Corp.—Earnings—

Ended Dec. 31—

Quarter

177,046

V/. 1,013,221.;
subsidiary

\

;

973^000

120,623

in

Eastern Minnesota JPower

145,709
I

Light Co...

taxes)

.2.

$11,4}9,065 $11,300,195

69.

p.

2,742.366

72,784

1945
:Y:i;1944';' *'•
$1,341,053
$1,329,296
224,622 • -213,004

;>■
in

week during

163,

Yi

;

companies.........

investments'; 2^—'

Earned

562,877

3,463,228

—....

/

$46,994,932 $40,482,068

dividends.

for

•

Notes

84,176

...

2,742,366

...U,

LIABILITIES—

>:

1,402,930

v

,

228,000

2,195,980

75,067

■»

r

I:,

18,093

companies

par).

investment

Cash

698.030

1,402,930

,4

38,734

14,468,650
;

-// 1,846.279
;558,399

.

.

other

urplus

of

14,184

$400,000

/,;!

1,796,003
,

56,079
346.654

14,468,650

/_

Total

94,881

557,583 ><r

shares).

surplus

-V.

894,000

urplus

r

filed

Earned

subsidiary

ASSETS—

2,230,175
;.V

950,023

surplus

$400,000

188,777

....

fOapital stock

120,589

liabilities...........—f

Dividend payable .2Common
stock
(280,586

.

from

Investments

600,000

accrued

!

(including income

Other

884,546

payable

.41,768
;

34,498

.

'

)A 9,879,360

40,090
331,285
■

/

56,500
24,045

•

.

-

Dividends; receivable
Prepaid Interest

140,287

•

50,771

and

2,626,550

$400,000

Other

$5,474,351

238,420

(est.).

adjustments

postwar

!

2,000,000

accounts

,,

„•••'

228,000

COMPARATIVE

'

//

2,000,000

and

21,752

stock owned by E. U. A...-.

capital

$952,177

57,048

1951)..

59,372

1,104.700

;

10,295,753
41,968

others.....

-Balance

1,482,240

year

222,715

''V.Y

56,562, ^

/• Balance tO sUrplUS

contingencies—.600,000

acceptances

74,082

...............—

Capital/ surplus
one

I;:

246,814

.

liabilities

and

296.104

354.434

Electric Co

Common dividends paid-.i^^.-i.......

2,209,501

Accrued wages and other compensation.—....
Provision for estimated Federal taxes——.-

v

sinking fund debentures due 1959..

•contingencies
Oapitrl

income

on

$0.85

•2 866,817

(due serially to May 31,

public......^
Montaup

/Interest

2,582,066
172,500

12,451

$1,294,200

by

,200,017

Total

$11,419,065 $11,300,195

for

owned

Dividends from Pall River Electric

2,837,618
/2 175,932

plant and equip, (less depreciation)
investments (at cost or less)____.__e_w

payable within

(none

note

:

$230,349

'

2,569,802

supplies..
iu.,'

$46,482,068

$1,294,200

U. A.)

12 Months Ended Dec. 31—

30

172,500

63,046

13,200,000
to
to

deposits

by

Taxes

$925,457

depreciation)

payable

Trade

96,850

46,998

taxes

and

long-term

by E.

accrued

Dividends

1,440,627

process

(none owned

Total

^

,

NOV.

14,504

788,542

601,234

payable

Expenses

151,312

Reserve

2,134^365

(royalties

JFederal

(16-year 4%

/t>(

827

26,274

675,705
39,956

COMPARATIVE INCOME STATEMENT (Holding Association Only>

375,000

$1.35

1,852

$400,000

payroll taxes :
local
taxes,
and

in

work

receivable

on stock owned by E, U. A.....
..x
owned by others
surpl. before acq. of stock by E. U. A
After acq. of stock by-E.

30,000
:

$366,046

receivable

fabrics

21,500

On stock

'250,000

250,000

SHEET*

1,000,450

828

Earned

•

/ 45,000

$1.53

2,170,000

1,072,706

Premium

1943

35,000

;

403

2,780,000.

....

payable

Common

our

30

1944

650,000
(910,000
•...'«••:••>>..•

BALANCE

r

i

NOV.

[

9,787

Treasury

accrued

Owned

.

$85,349

1,850

^

and

and

for

1,621,046

share_.__.__

S.

Operating reserves
:/? Unamortized? premium on debt..........
Unadjusted -credits
i_„.j

the

1,115,180

taxes,

(U.

"

-/;/■.

Notes

"

1,511
2,039,508

1°44

payable..........

'V-;?/

deducting credit for postwar.refunds.

materials,

Total
Reserve

'f*

17.057

664.787

53,467

i; Retirement reserve
Contributions for extensions..........

$8,723,886

;

13,192
11,456

supplies

Miscellaneous

as

now

for

taxes

v-1-

9,632,100

9,632; 100

.•

$46,994,932

Interest

the
the

$10,135,293

taxes..

dividends

and

:Taxes

months

60%

profits tox.j

(renegot,

Notes

b'/f
'V

tax

seven

such

ENDED

Total

;

1912 741

V;

1,850

*

of

LIABILITIES—

'

Hlegulation V at Oct. 31,

before
v

taxes.'Y*,.

therein...
less)

or

bonds for resale

U.. A.)

'Taxes

68,556

1

'
Federal

income

E.

law, Federal taxes

present

MONTHS

..

cost)

debits

Consumers'

about

to

profits

the

Prepaid taxes and insurance

40,300 "V*:.K
770^243 x-*:- 700,202

/

(under'

in

income

6

(at cost

1944

$31,585,414 $31,497,832,

Co. /(at

Total

13,850

92,413

'J

FOR

conting...

exc.

common

accounts

Sundry

1944

cost

employees'#andf:sundry

bank

the

Elec,

66.2%//interest

and

Unadjusted

,

production

about

/?: 151,217
$1,453,615

.

1945

Montaup

Prepayments

in computing taxes for
applying difierent rates,

rate

the

be

Machinery;

/(Total —$5,400,803
to

this

disparity
Under

for

will

rate

$430,180

Capital

pay.

income

our

tax

excess

158,915

-

'
in

and

Interest

Materials

50,000"

.Woven

*

receivable

JLIABlLITf 2S—

of

The

213,004

$1,604,832

$1,509,214

.

surplus

'

1944

$1,391,828

224,622

for dividends and

'

$1,391,828
■''•'/

1945

$1,443,507

,

......

—......

■

Raw

■%

$544,084

Deferred charges

,Nutc".

of

income

income

above..

as

receivable, incl. Installment accounts
receivable—Montaup Electric Co

Accounts

consider

income amounted

Land

13,895

/

^Property, plant, and equipment.^,........

Cash

-

re-

of

bonds

advances,

^accounts

OCT.

(net»_i__

the

38%

conting.

Buildings

tax—A—A

receivable
of

method)

for

/'•-■ ASSETS-^/

-

int.

o.
prior year's excess profits tax
ffundabls under carry-back provisions.

fTrade

'

-

,

$274,504

sPor.ion

(Inventories

/Accounts

■

taxes.

used

aVoid

periods.

COMPARATIVE

$246,777

100,221

—.—.—

IV securities

iPo.-twar

$212,078

-1945
—

—_

such

have

to

'

increase

on

taxes

$1,443,507
•,

U. A.

deposits
Temporary cash investments
and tax savings notes)
Notes' '".receivable;.

Accounts

We

in

A._

Special

Accounts

a
two-day V-J holiday and
factors were not present in

which

Federal

ACCOUNT

for Federal

Trade

"'

-

SHEET,

ASSET 3—

1944.

in

decrease

577,789 A- U. S. tax notes and certificates of indebtedness,
192,177
175,812
with accrued interest
1,103,947/A 1,104,949 A/ Estimated refund of excess profits tax..—:

v

t

We

be

Federal

for

"After

1,927,155

f;

$288,570

or

the

/'

!/./' 20,640

651,564

again

'

an

77,652
■

COMPARATIVE COMBINED BALANCE
SHEET, DEC

Our plans
were

we

v

months

of

1945

$6,976,672
2,944,190

month

a

'

77,652
22,421

,

$1,668,129

Bonds

contracts.

war

/?;u

LIABILITIES—

$10,219,206

Earnings

.37,849 A

$1,490,120

Associates— V

Special funds—U. S,

.

etejj

$6,938,823

$1,543,580

:

1
J
interest______:;„„,Ti_ii;V.:.

Co

Utilities

Preferred stock

week,

one

before

two

E.

Other investments

of

capital of the company

$10,219,206,

were

Net' profit

3,076,191

A 1,104,287 f|

1,112,701

^On consolidated basis.

'C®sh

the

A: 487,262 AA

391,938

.'

■•AjAfAAA/

3,705,394 /

200,798 '194,859

,

deducts..

&

exp.

fNet

—j,—'

view

sales

"Prov.

18,211

$171,969

8,632

minority

■ig representing

suc¬

that

on

within

six

same

proportion
the effective

the

Provision

/1942

'$8,777,049

2,333,917

137,500

'Other

««l

is

it

to

use

fa;::''//v;

starting June 1, 1946*./

Proyi.4for

"

and

the

Prov.

!:

2269.

442.436

26,547

741,600

-

'./f//

Investment

notes, conversations
162, p. 3071.

*,

in

of

Profit bef. Fed. taxes &

and 50
p.

32,37£ij

3,542,163

materials—.—

(net)

OGV.xes;

(Bftpre.iation

1943

$7,805,837 ' $8,744,670

49,635

income—__U—

o.

"1944

'

;

on

record

of

434,323

955

35,909

(/Property, plant and equipment (at cost)

high price

which

its

■'

.v

:/
Net

with 75 cents paid on Dec. 17, last,
total of $1.25 for last year.—V. 162,

compares

May 31, 1945,

payable

$1,

par

distribution

a

(Dodge Manufacturing Corp.—Annual Report—

s

relatively
one

•

months

for

&
to

ASSETS—

record

reduce

months

the

year

year;

six

fiscal

,

37,233

>

•*.

V

approving thV creation
redeemable preference stock, par

,

to

fiscal

first

six

orders,

fiscal

INCOME

fThe

for:

war

that

so

income

on

163, A

■iDetroit International Bridge Co.—30-Cent Distribution

,

to

Vote

cumulative

the

income

our

1945,

-

A/'/AA'/A/AfA

-

for

vacation

a

last

our

entire

Oklahoma,

ipopular Broadway musical, have reached the half-million mark, an all-:
tiimc high for sales of recording albums.
The Oklahoma Album, which

$1,950,766

$2,692,366

deductions:

G.

Balance available

Co., Ltd.—New Preferred

will

proposal to
the unissued

achievement

an

of

of

applies

IDecca Records, Inc.—Has Record Sales—
'The

$1

22

reconversion

preceding year.

$0.84
•

741,600
$2,004,449

Expenses, taxes and Interest

.

Feb.

a

those

over

cancellation

514,134

'

sales

quite

result

a

432,476 A

468,816

prompt

net

$83,913

75%

'Cost

the

the

as

confined

entirely on civilian production.

$10,767,388 $12,296,085 $10,265,447

;

(income

Number

Chemical

V

permitted

'i

5Nei income after charges & Federal

1

such

Geier, President, states in part:
Shortly after V-J Day we finished all our

(& Subs.)—Earnings—

57,425

$2,746,049

Total

Duplan Corp.—Semi-Annual Report—

and 371 Bay Street,

Pa.,

of
on

',

;

with

that

out

marketing,

instant / means

on

V.

Non-subsidiary

.

,

Ernest C.

IDavison Chemical Corp.

'U.

pointed

and

778.

p.

mamed underwriter.

the

/,

.

amortiz.

Applicable to E. U.

of
24,650 shares of 5»/a?<- cumulative
par $100,
the remaining 50,350 shares having been
redemption on April 1, next, . Dividends on the new $i
become cumulative from ApriL 1, ,1946.
See also V. 163

for

stock

capital stock, par $1/ The shares are to be of.
share. Proceeds will be used to carry on expto-

300,000 shares of

#ored

301,486

.

$210,158

$142,668

Eastern

that

and

connection

instruments

of

<

cancelling all
preference stock,

registration statement with the SEC

a

shares

each, and

called

'The company on Feb. 8 filed

fl».

in

portions of business transaction.—V.

by

^Dallas Yellow Knife Gold Mines, Ltd.—Registers With

-

in

stockholders

$23.50

317,411.

$187,209

reasons

further

recording

manufacturing

(1945),

taxes

a/c, $16,000; due against securities
$1,565; capital stock: (par $10)y $40,000;
$63,673.—V. 159, p. 1350.

issued,"

•

basic

Dominion Tar &
$1,503;.
purchased—"when y/ Stock Approved—

Federal

for

collateral loan

total,

•is

telephonic communication

subscribers,

usable

The

corporation

businessmen
and

6,838,898

$267,583

Earnings of sub. appiic. to E.

$63,673.

LIABILITIES—Accrued

for

business

patents

telephone

cessfully

i

right of way and gypsum acreage, State of Ohio (after reserve
book

their

to

had

conversations.

The

SHEET,; DEC. 31, 1945

BALANCE

in

ASSETS—Cash

securities at cost (after reserve

against

usefulness of

".

brief

of

use

and

div,

B.

r

'

railroad

panies

$2,390,880

deductions

Applicable

the telephone com¬
recording telephone
for
telephone company objections
to recording instruments were rooted in the
telephone company's de¬
sire to create a complete
and absolute monopoly of the business of
$1,601 A< manufacturing, selling, renting and licensing listening-in and re¬
cording instruments, the brief went on to state.
•
1
/ '

_

$2,428,638

26,245

•/

$249,009 •'
01,800

/Balance

Pfd.

free

urging

characterized telephone companies' conten¬
recording instruments as insincere, and pointed
listening-in devices are now offered for sale by telephone

the

companies

$3,480
1,374
Dr3,100
Drl54

$3,646
1,601
Dr643

,

of

areas

corporation's
to

that

out

Previous

the

The
tions

$241,338

23,074

income

Interest

of

creases

A

1,417

1,757,686

■

accruals

reserve

Gross

Miscel,

recording instruments as a regular part of business.
The Navy
Department statement to the FCC described the recording device as"one of the most valuable,
modern administrative aids in the con¬
duct of affairs of the Navy Department,
The instrument greatly in¬

YEARS*

ACCOUNT FOR CALENDAR

SURPLUS

AND

550,245

1,838,973

6,903,438

59,677

'

,

EARNINGS

revenues-^-,
income (net)

Balance

authorized capitalization.

use

672,547

131,107

$225,935

oper,

Non-oper,

605,917

75,104

taxes)

raised efficiency, sped contracts, and cut administrative red

accuracy,

More

inc.

(inch

$1,038,039 $11,P43,596 $11,537,709

699,326
78,992

,

»

showed

tape.;;;v-:;y^',::;'/y;::

name,

(# Subs.)—-Earnings—

$1,079,356
/

'

Taxes

•

recording instru¬
exchange of. securities and new y
ments invaluable according to the corporation.
Among users, it was
;//"/
;; A-;" "v.- /:• AA-.,'
brought out at the hearing, are Bausch and Lomb, Eastman Kodak,
"Amendments to the Articles of Incorporation have been forwarded
the Texas Co., New York Central RR., United Air Lines,
tlje Ford
to
the Secretary of State of Ohio and details looking
toward.^the
Motor. Co.,..and many others.
'
exchange of securities are now rapidly nearing completion. Nouce
The company's brief cited
a
memorandum carrying a strong plea
this regard will be forwarded to stockholders at an early date. •• \.*rV<'.'.
from the Navy
Department which initiated the
statement

"i

1945—Month—1944 V '/ 1945—12 Mos.—1944

•

revenues

Maintenance

telephone recording instruments had skyrocketed dur¬
business and the Army and Navy found it increased

of

war

the

ing

present
capital stock
into
the new
shares, the usual printed annual report will be,de}^ye.^ "nt
At
that time
there will be mailed to all stockholders a

use

these, business

on

?

Subsidiaries—

brief filed be¬

a

this corporation.
The brief- was presented by Charles H. Tuttle of
Breed, Abbott and Morgan, in connection with the recent hearing on
recording instruments used with telephone service.
\\
;
Pointing out that this corporation had sold its equipment only to
commercial and industrial concerns for business uses and urging the
commission to allow American industry to reap the fruits of 25 years of

<

Iverson, Chairman of the board, on

stockholders

increase

the Federal

fore

and ^

To Change Name

~

400'/«

A

American business

.

Recapitalize—
C.

Clinton RR

Port

Eastern Utilities Associates

Dictaphone Corp.—1Telephone Recording to Increase—

,

,

<

(par

common

Monday, February 18, 1946

Balance
Preferred

Balance

-V.

162,

dividend

for

p.

2641.

;.—;——_

requirements

common

stock
.

and
..

surplus.

67,501

67,501

$560,194

$577,209

J.-A
i.I

Volume

Sales

■

—

778.'

p.

Horn Coal

Corp.

Sought— :.A;V;4:'r. •£.

Termination of Receivership;

—

/V/A;,-'

'

form

this

of

requirements

SEC

of

report

became

necessary

Release No.

Accounting

53

(1)

are

value,

whichever

has

of

shown

formerly

non-ledger

liquidation.
include

Endicott Johnson Corp, (& Subs.) —Earnings—

A?A Years

12 Months

Ending Oct. 31—••
'
* : 1945 „ • 't ' 1944
•
11
—..——-$107,0.>J,259 $35,566,202 $9«jv770,269.-., ^.'Revenue from.-subsidiary; companies;

EndedNovA3C£~A;:T-

sales

Net

sold——-A—

Coijt of goods

•

-

$8,472,016

operating profit——Li---——
from

Deductions

Normal
Excess

and

taxes

Crl9,857

*782,926

1,23b,000

surtaxes-

Dividends—common

;

/;v:

■

w

Prcf e r red -

■

Miscellaneous

charged

from

reserves

loss

and

profit

to

prior years

1

*

-

in

'ly'

-

—,

289,5,20

'

.*

-

investments,—

BALANCE

CONSOLIDATED
ASSETS—Cash on

i

—

series- C

NOV.

SHEET,

A

i

30,

for

'Includes

slock

common

and

paid

surplus.

the

revenues

::

-

'■■•w—AlLLL.'~LL—LL:LLL—LwLL*Li^L-»-L*iA/A' 2,064,353 ;
Maintenance
j—.A.L——.-.—-—//.A 347,648
Depreciation /.iL.———.;
.—-Li--—;
——-A A
390,172 .
Amortization of. plant acquisition adjustments..
73,914 \

/

Other

taxes-

;

taxes

Income

♦Federal

—

*——

-—

y

———-

Boat

Co.

sportsmen's

board

sporting

goods

is constructed

motor,

with

structural

industries.

on

which

Other

income

163,

Interest

the

ratio

March

stock of

common

additional

60,117

$2,674,833
244,395

$2,237,152
225,225

amortization—;

■Special charges ———>,L/A
Preferred dividend requirem'ts of sub. cos._—..

of

share

one

4.—V.

.'The*

for

income

U.

the

of

S.

be

used

$1)

seven

$12

'shares

held.

•

$1.52

from

Dec.

a-share

share

per

Rights

Co.-—Renegotiation-—>

the

on

outstanding

7-A.;

£>

.

491,543

expire

and

Earnings—

7

"

• '

'

■

s

f-

UNDERWRITING—
Premiums

AV

:

written '

\ i
Premiums

- ^^

;

►.

j

1

revenues

Operation

—

—

—

—.

.

1943

■

.

.

""

,

MWJ.

.,

Dec.

$655,776

—■

$229,027

Total

Prof,

Gross

inc.,

/-:' outs

Other:

—L

taxes

adjustments

acquisition

5,226,238

-

-

.4,178,726

4,059,815

129,985

405,316

$4,130,720

$4,048,740

$3,653,499

income
net

$4,786,496

operating

12,032

——.

Total

—

-

Cash

requirem'ts of

sub.

to minority interests

Applicable

income'

cos.--—

L; 2,074,350

17^940

for

Adjustment

minority

794,385

declared

/JiEarnS. before giving effect to tax reductipns ; $6,289,407
Dividends

on

preferred stock of parent ,co.

..

Applicable to common stock of pa rent co.;"-- V $4,170,315
share, based on 1,909,968 shares—.-"
$2.18

surplus, DecA 31 —$84,171,500 $75,381,283 $64,419,047

extraordinary

'After

reductions -of

$630,160

Cash

in 1944.
't.After
in

$235,032

/

rata

pro

transportation

of

-:/■'

'

,

amount

property,

^

.

of

in

tax

/.

etc.

Prov. for

Fed. and

income

Net

Losses

and

book

$2,321,814

pro

in

.

in

for

rIncluding

(194Irgr$1,742,647) representing

$470,064

resulting
book

'Resulting

stocks

769,676

1945 and $9,553,431

pro

i

and

expenses

dividends

Z^

9*669[d34
/.—l[3i4 700
l,80o!o00
—

Uu
'

15,000,000
82,063,910

*

———

taxes

loss

(1944—$2,350,325)

from
in

sale

of

the. $470,064

pro

rata

transportation

amount

property,

in

of

the
• '

:

tax

excess

1944.

amortization of emergency facilities and excluding
(1944—$2,350,325) tax reduction resulting from sale of

from

are

$470,064

not

offset

bv

special

(1944:—$2,350,325)




42,523

—

65,078

57,486

;

A*

71,109 *

/

80,114

-

123,305

common...^

Earns,

sh,

per

on

*$174,356

4,539

preferred—

divs.

$105,871

TsZooa

TsZooo

75,000

5" 11,000
loo.ooo

$0.78

divs,

$113,537

$0.91

$0,84

$98,262 '

—

cl. A

£ and B stocks

$1.55

.

of $30,551, which consists of
adjustment of reserve for industrial, liens in accordance with, agree*
ment with Bureau of. Internal Revenue for Federal tax purposes.
adding; extraordinary income

'

A

BALANCE SHEET AT DECi 31, 1945
U. S. Certificates of Indebtedness,

;

%

ASSETS—Cash, $1,082,863;

plus accrued interest), $150,102; marketable securities,
at
cost
(market value $397,400), $314,848; notes and accounts re¬
ceivable (after deducting margin due customers only when receivables
are collected, $862,106
and reserves $202,257), $2,706,874; investments
and other assets, $615,131; deferred charges, $6,526; total, $4,876,344.
at

1946,

cost

jtilABILITIES—Registered. short term notes (maturing within/ nine
$2,459,500; accounts payable, sundry, $147,905; due to offi¬
directors and stockholders, $176,716; federal and state taxes on
income of current year (estimated), $42,523;
other federal and state
taxes, $3,146; deferred income, $51,773; class "A" common stock, (par
$5), $375,000; class "B" common stock,
(par $5), $'250,000; paid-in
surplus,
$513,005; earned surplus, $856,777; total, $4,876,344,-rV.
.

cers,

162,

456.

p.

'

<

/

*Vv'

«./''■*'

'V<A

"

~

Florida Public

•,-%

i

•"

-'**'*'•

^ ■'[

?/i,

' AC/'"

'

y

1

t

(

Utilities Co.—Initial Dividend—

Feb.' 8, declared the initial regular quarterly dlvi-,
per share on the 4%%
cumulative preferred stock
quarterly period commencing Jan. 1, 1946, payable
April 1, 1946 to holders of record March 20, 1946.
The Continental Bank &" Trust; Co.
of New York- has been ap¬
directors on

The

of

dend

$1 183,4

the

covering"

and

—

132,662,086

—

the* 4%% cumulative preferred stock.—V.

pointed transfer agent for
163, P. 179,
• ■
.

A

,

If

actual

been

Dec.

used

policyholders'

the

31,

1945

total

surplus

market

admitted

quotations

of

would

be

$134,-

$99,171,500.

tSecurities

carried

at

'

'

.

.Net rev. fr. ty. opers.

bonds

assets

A

,

'
Fonda* Johnstown & Gloversville RR*—Earnings—?
1945—Month—1944
1945—12 Mos.—1944
Period End. Dec. 31—•
$77,367
A $78,697 >'( $926,776
$906,764
Total
ry.
oper.
revs.—A;
64 321
Am 82,843
640,606
610,920
Ry. oper. expenses

basis approved by National Association of Insurance

on

had

$1,641,471 in

by

of*

amount

rata

transportation property in excess of book loss in 1944.

tho

22,813,542

of, adjustment

—

law!—V.

tax_j__

10,000

tax, accruals.

3,608

income

Other ry.;

• y

.

$286,170

*$4,146

;

$13,045

Federal

the

above

162,

statement

1512.

p.

are

deposited

for

purposes

A

*.

required

Ry.

A:

AAA

(Wm.) Filene's Sons Co.—Obituary—
William

Charges
referred to

include,

above,

In

addition

amounts

to

which

Harrison

McLeod, Vice President and
at the Newton-Wellesley Hospital, Newton, Mass.
of 57.—V. 163. p. 464.
/A A
//.••a-"

.

>-•..

First Bank
The

17th

.*

/

'yi

,

stock

of

oper."
rents

Net
Sales

on

Feb.

Manager
7

at

the

died

>

$295,844

76,000

6,336

60,000

42,761

A:'

60,000
..

46,628

.

oper.

ry.

Total
Misc.

"• A/.t

Total

deductions

'

42,478

$192,609

$218,978

J

1,438

'

4,405
"8,641

27,227

28,563

A; A 19,182

A- 32,281

$146,199

$158,134

•

<
...

Stock Corp.—Annual Report—

annual

the

combined

outstanding

report

board
net

at

of

of

the

this

directors,

operating

corporation
and

earnings

year-end.

This

A.

of

H.

its

Inc.

by

Kennedy,

compares

with

$1.74

per

ait.

Contingent
funded

73

fxd.

chgs..

interest

,

income

*$81,081

-

Ay

2,259

AA
(way. and
equip.)__
'Deficit.—V. 163, p. 309.

Net

A*$1,686

on

debt

——.—

2,259

27,117

27,117

$119,082

$131,018

V' 38,372

36,257

*$3,945

:

*$83,342

3,517

A

3,031

Depreciation
struct,
"

and

.

$176,500

48,177

1.78Q

—

f A 12,716

.

3,600

•

$1,532

charges—.

$189,216"

22,977
$144,432

1,153 A

*$68,035

\ yA; 4,182

^

■

*$71,635

*$2,650

income

income

fixed

%

2,037

Other inqome

$167,409

*$70,482

*$563

income—.

—

age

C. T. Jaffray,
President,
affiliated banks
for 1945 amounting to $5,907,589, an increase of $675,555 over 1944.
The portion applicable to the corporation, together with the results
of
onprations
of
the
corooration
and
other
active
affiliates was
$5,613,187, equivalent to $1.98 per share on the 2,831,188 shares of
Chairman

discloses

.'♦Which

AAAA- >/

.

taxes

Total"

and

loss

prior years is $470,064
(1944—$2,350,325) less than
reduction in Federal taxes resulting from such-sale,

related

369[o87

process

Commissioners.

of premiums and expenses on redemption of bonds
equivalent to'resulting reduction in Federal taxes on income,--

reduction,
of

5,202,994

$1.841)

$569,786 (1944—$2,848,929) representing pro rata amount of
loss on sale of transportation property which because of write¬

rata

272,607
$377,775

$242,058

45,603

32,357

.

Cash

167,863

132,662,086

Capital
Net surplus

(2)

downs

.153',836

—

premiums

Reserve; for

portions
are

A

192,855
•

$216,626

State.

profit

Net

those

A

$173,141

,

extraordinary reduction of $8,205,148 in

which

.A 167,431

-143,051

etc.,__

income

oper.

overduel-.L^-^*.^^,.—2,265,074

assets.

Unearned

1944./-.

?(1)

$

deposit, and in office

on

Reserve

2,198,720

book

1943

$650,382

>

•

Cr7,558£

•

related

1945

_——.--*,*.__^-.Ai.„__^l;A_-_„^____ti24,503,231

LIABILITIES—

reduction, Iv resulting

of

31,

*

Total

lh 'iS45 and $951,780

excess

'•

■

Af '*Valuations

sale

from

DEC.

1945

Stocks

and

other

All

in. 1944.
tin eluding

SHEET

-

$3,522,758

Per

3,299,992

Agents balances (not 90 days
Interest
accrued

$5,721,479

2,119,092.

YZIaZ"

3,299,992

Real. estate:

2,611,530

V

525,783

—3,299,993

tax

.

8,325,450

'08,575

interests-———

11,127,250

•

15*784

♦'Extraordinary reductions in Fed, taxes on inc.

10,164,632

ASSETS—

$11,594,380 $10,675,775

excl. pro rata amount of tax reduc. .11,124,316
4,843,484

Net income,

$434,913

months),

4,591,576
2,206,080

——

——

—

1943

$384,057

$316,192

Interest,

.

—$99,515,878 $79,207,059 $67,718,302
surplus to capital
11,250,000
/

dividends

Net

4,189,141

2,891,600

dividend

Preferred

IINet

3,991,578

f

charges

^Special

-Earnings-

1944

./A1945;v/ .1:;

charge-

less

expenses,

Net

AD/738
.437*700

>

.

$20,569,850 $21,678,357

and !amortizatlon_----wL—u-a-lL-

Interest

'

—

-

299,350

17,929,510

income

♦Bonds
Balance

625,617

(net)

183,569

,

50,370,859

Dr47,000

sales of stks. & bonds (net)

on

Federal

$20,557,818 $21,494,787

revenues——;

(net)—

income

$5,783,231

64,418,309

Cr792,972

BALANCE
Net

Other

$4,277,767

75,381,283

surplus

reserves

Transfer, of

5,410,823

.

Co. of America at Baltimore

•—

.

Oper.

$2,129,732

139,073

bonds

4,674,379

plant

values

31,

Cash

4,269,793

Increase in market value of stks. &

^Federal income taxes-—-—————4,796,009

of

book

book

~

$20,761,980 $22,139,404
13,411,300 > 12,140,064
10,479,407
8,843,883 7 78,392,889
9,260,265

-

Net Investment income

257,590

5,435,462
/A634.850

Amortization

$38,551,072

$39,150,651

underlying

adjusted

at

2,404,647
268,305

.

"

$22,910,959

1—
—

Expenses

1,774

4,976,566
886,977

_.

stated

are

7,*»u6,240

...

,

INVESTMENT— :A-A.,.
Interest, dividends and rents-

4,649,507

Depreciation

and

AA' Years End. Dec. 31—

7

$66,525,648 $68,954,692
25,680,398 26,654,880

_

$28,311,880 $23,311,880

(par $10)

7,684,557
A '
—A—
2,867,209
reserves for; taxW-ALAA-'.: A .287,005

affiliates

of

Finance

31

1944

$39,150,651 $33,551,072

—

'

4,401,639

—.L..L——

Maintenance

74

1933, which are $22,041,676 less than the present
values.-tStocks of State banks in Minnesota with
par
value of
$2,149,167 carry double liability in accordance with
statutory requirements.
$Surplus is restricted," with
respect
to
payment of dividends, in-the amount-of $688,120, representing the
par value of capital stocky purchased and held
in treasury,—V. 162;
p. 1281.
.
,< f
t

v

DEC.

1945

iii.

earned

Expenses

CONSOLIDATED INCOME STATEMENT, 12 MOS. ENDED OCT. 31
Operating

—

Z

—

expenses

underlying

of capital
reported.—V.

'*

-

90
8,806

35,454,206
172,402

-A;/""■•'

collected—

——

of

as,

$25,448,911 $23,087,763 $21,819,638
■ 2,537,952
.2,325,784
1,319,765

;'"*•/

-

,

-

'

YEARS ENDING

Increase in unearned premium res,
A

Previous

,

12,732

35,644,177
161,452

assets—

receivable

accounts

'Stocks

.

-

1

ACCOUNT,'

INCOME

7

Special;

facilities.—————432.831

emergency.

/

other

but not

„—

Accrued

-A;:v;;.//• :>;vA^77^vr--*-7':*;/A»/A ,7,7v.///;-;A;/
Fidelity-Phenlx.) Fire Insurance Co. of ^New York-

'

Extraordinary reductions in Federal taxes on
income through Allowance -for
amortization
of

2,071,076
1*1,355
6,147

——,

——

and fixtures.

recapitalization)

shares

originally

as

/

1944
$696,990

JPaid-in surplus _!
LA—;—"
i'Earned surplus (since Dec. 31, 1933, date of

in

...

,

A

A

1945
$584,498

—

ftZ LIABILITIES— *;€:/A/;vAA,AA^

final

or-$1.58-a-share;-

'

1,983,084

-

A

31

,.'Z.

Am
—

obligations

and

earned

Total

31,71944

$776,829*-

2817.

p.

DEC.

AT

\$2,068,876

2,607,684
securities—L—/.r—134,139
—1;
,—AAv - 5,895

Government

Notes

given the right to

at

AS

'tStocks of affiliates

Corp.—Rights to Sub-

(par

SHEET

-A',

Real estate and

out¬

an

^

are

2,123,391

,

with

"''"v

11

$2,483,646

w

——

banks——

tOther bonds

all

$2,430,438
$2,011,927
"A;/ AA,-.-. ■
;-:r' 53,208
56,049

lL±

—

—

paid

Office furniture

athletic

manufacture

in

Interest

-FeW

stock

each

reports' that"

ended

to

stock,

$762,054 t$1,147,546

-

—

taxes—

less charge-offs,
and net profit on
securities.———A-A—„__1—A—A-'

of

'Before

Net income

for

earnings—

ASSETS—

163, pp. 779 and 463.

conipfthy'"

year

equal

512,156
73,914

•

sales

Cash

198,697

170,237;/:

.

7777.7*V7-/A

197,329'..-459v158

,

...

provision

and

expenses

operating

BALANCE

renegotiations of- war) contracts for
resulted in a" decrease in net sales to
$33,793,736 from $33,903,736-and a decline-in-net -profit to $746,029,
the

$2,193,992
386,815

Applicable to minority interests—1,149

——

—

Total

269,145
517,500

$1,423,222/
292,451

-

-

—

earnings

Recoveries

A

principle combining light weight

record

common

Federal Motor vTruck

,

>

—

and

1944

55,698

A*

Capital stock outstanding

Holders of

Only)

(Corporation

$2,177,035

Net

scribe-subscribe for

YEARS

CALENDAR

1945

of

Y

p.
651.
I' V-'V

u

Underwriting profit
Balance

The

also

can

new

a

strength.—V.

"l ' *

/

,

$2,6iy,i35

Operating

granted

were

jurisdiction.

Losses

operating

Net

distributor

rights

Washington for

Farnsworth Television & Radio

revenues----—i $1,438,695/ $2,212,239
(net)
——-- *
* nrl5,473,
J9rl8,246

1

national

Export

in

-

stockholders.

14,247
FOR

from

received

Feb. 11 announced appoint-

exclusive

as

boats.

administrator

WPB

as

came under his
12-foot rowboat,

Duramold's

162,

317,917
366,522.

——

Jamestown

Duramold

pleasure craft

-

7'

.

.

the

......

'

Dividends

during the war
equipment and

1944
$6,620,865
2,562,163
473,745,

Operation

of

new

charge-

$0.76

same company.
.,.7-7.
7;-/;/V'7-:,/
7;r;-7;/.//
Dan W. Lando, President, of Jamestown: Boat Co^, served 3 Vz years:

77

-

1945
$4,999,224

$1,442,262

$1.65

,

to the

,

(& Subs.)—Earns.

'

'

$3,146,780

on

$2,uod,»

and

U. S. Government obligations carried
$144,558,059 to $776,407,118.
Loans and

year

ACCOUNT

Engine & Airplane Corp.-^-New Distributor—
Duramold Division

Cities,

on

2,198,720

tlncludes final common, dividend of $458 554
Electric Power Co. incident to the sale in April

corpioration's

ment

-

$608,192,

Month of October—

the

**'

Net

The

the Twin

outside

exclusive of. recoveries
sales of securities.

were

losses

2816.

p.

Fairchild

branches

Saint

Interest earned and other earnings——z—

company,

Savannah

1945.—rV. 162,

1945

''.H

by

and
four other Minneapolis
National Bank of Saint Paul,
Paul banks,
$1,605,327;

First
other

affiliates——^..—.

extraordinaryi nonrecurring dividend of $900,000 ptJid by

subsidiary

a

A/'*-

Engineers Public Service Co., Inc.
Operating

2.119,092

the

four

and

and

corporation has

■

$3,640,983

-w

Balance

$200,000),

465.

162, p.

.$5,265,872

banks

profits

INCOME

267

Earnings per share of common stock—

(including payables for mer¬
accrued wages- of $1,619,339 and
accrued expenses, including accrued taxes other than Federal income
;
taxes), $4,594,322; sundry creditors, $561,281; notes held by workers';
under
savings plan, -$431,903; accrued Federal income and excess
7
proiits'' taxes, $6,064,400; reserves for reduction of normal inven¬
tories to fixed-prices, $3,349,911; reserve for replacement of normal
inventories, $246,353; -reserve for future inventory decline?''and war
contingencies, $2,338,474; reserve for workmen's compensation and
public liability contingencies both covered, in part by insurance and
for contingent liability in, respect of. mutual and reciprocal insurance
companies, $250,000;
miscellaneous-reserves
(including $306,997 Afor£
possible additional assessment of Federal income taxes- of. prior years),
$480,159; 4'ipreferred stock- tpar $100);. $7,238,000; common Stock
»par $50), $20,268,600;. earned surplus, $11,591,474;,total; $57,414,277./
—V.

The

Gross

accounts payable

of

transit

in

of

and

$57,233,914.,

17.803

40.689

of

excess

.

237,675

33,334
.

market

or

by bank
affiliates increased
discounts,
increased $17,604,760 to $155,474,421.
Deposits increased $200,596,023
to
$1,168,90-7,098
at the year-end. .Capital,
surplus and undivided
profits of
the
bank affiliates increased $3,816,417
to
a
total of

20,853

310,406-

.

Preferred

$15,547,391; U. S,
$1,600,000; trade accounts

cost),

(at

of

reserves

LIABILITIES—Trade

chandise

30,031

cost

in estimated values
affiliates
in
process
of
The loregoing does not
market value of bonds over

$3,200,000

Minneapolis

of

reported

Earnings
and

During

89,373

taxes-

•

^

Co.

Trust

Dividends

$7,369,478; .. sundry'- debtors
(including $2o8,537 due from U. S. Government on contract termina¬
tion claims), $487,670;
post-war refund of excess profits tax at face
value, $285,950; inventories, $21,337,890; prepaid taxes and insurance,
etc., $300,330:
other assets, $1,006,443; land, buildings, machinery,
etd. (after depreciation of $13,651,872), $3,479,124;> goodwill, $1; total,
$57,414.277
' ' A-yAAy.. ■: 'VA.
"A
(after

A

taxes.—

-Interest

demand deposit and on hand,

tax

notes

t534,154

.

,—

-——

—

Treasury

25,440

$3,641,250

£1,216,080
1,21b,080
Earn, per common share—
•
$4.87 AyAA'! S3.34 £ .- $4.80
*Net after deducting miscellaneous income of $144,353 and includes
$903,014, representing non-recurring additional N. Y. State franchise
taxes.
tAfter deducting excess profits tax credits for debt retirement
and post-war refunds oi $378,500 in 1944 and $410,000 in 1943.
tAfter
deducting refunds of $88,000 of prior years' taxes of subsidiary com-\
pany arising from loss carry-back provisions; *' SAfter withdrawal from ./
reserve for possible additional assessments of Federal income taxes ot
prior years no longer required in the amount of $250,000.
r :

receivable

77 25,440

•■

_._L..L_L—— AA"1,216,080 ;

dividends

Common

offs

,

$2,310,148
'365,300

$2,271,114
90,475
217,140

$2,266,873

Surplus
8'>/ preferred dividends——1— *
4'/i preferred dividends——,——

868.

46,950

amortized

below

(3)

assets
of
$15,536,000.

aggregate

substantial

$2,233^394;

earned

,

-——607,666

--

revenue

income

Federal

Other

,

,

*

»

and

49,99.9

of

and

Bank

64 affiliated

$3,697,448

$3,930,064

$2,310,148

$1,663,44a

$2,266,873

transferred

Amounts

■

miscellaneous

from

These

First

11,000

and

lower;

is

National

affiliates

7,

23,000

_^.A; :-■ ^
—

13,347,200 £ 13,700,000
*
•
1,000,000

j 175,000

profit

"$5,279,774

— w—

—

—

Revenue

1944

the amount
the
books

cost.

the

—v-i--——

.

_

Note

_

Expenses

■:£ Net

■

1945

First

'

Interest—bonds

A

7'

Crll5,036<
1,400,000

fl,252,800

-t

4,812,000

profits taxes—L
for contingencies———

Provision

■'

7/

$8,295,113

$7;046,374

fnetii.----.. 1;

income

>

79,080,232 .,78,179,914
9,45y,656
9,304,242

to,718,267
9,902,956

—

Selling, gen. and admin, exps. (net)
Net

COMPARATIVE INCOME STATEMENT (Parent Company Only) ;A,

,

„

for. contingencies;
(2)
approximately
by which bonds and certain other

reserves

on

assets

present

a

amortized
t a

in

reserves,

carried

assets

the

including

earnings

taxes

corporation's

$2,836,000
in

During

amounting to $2,123,391,

the

of

$9,500,000

benefit of the extraordinary reductions
been discontinued to, avoid misleading
interpretation of the figures.-'* The previous year's figures are restated
on
a
basis comparable to the 1945 figurcsv 7
,£ 7..;-. ;
A-.-.AA.
share

in

3071

p.

the

Nov.

in

dividends

Value

16, 1945 and to bring out more clearly the effect of very
large reductions in Federal taxes on account of accelerated amortiza¬
tion of
war
facilities and other tax reductions.
The report of per

AV;V;y
has beet) filed in Kanawha County, (W,. Va.): Circuit
Court by a stockholders' committee seeking termination of a receiver->;
ship for the corporation. Counsel lor the committee contended that the
company, plactu in receive*..hip in August, ib-to,- iiuW *6. operate* at a
162.

with

conform

to
of

•A'AA' petition

pr.nil.—/.

in'the

NOTE—Amendment

earned

holders

tax

...

A

Elk

for

1944.

1945
corporation
paid
to
stock¬
or 75 cents per share.
capital stock, computed on the basis
of
the
underlying
book values of •affiliates
on
Dec. 31,
1945, is
reported at $60,905,322. In addition thereto there are certain reserves
and assets held in large part oy tne corporation's bank affiliates.
The
corporation's proportionate interest
in them is represented by:
share

from

deductions, in excess of depreciation at usual rates, allow¬
purposes as amortization of emergency facilities but not
recognized in the accounts since such facilities are expected to be em¬
ployed
throughout
their normal
life' and
not
to
replace
existing
facilities.
*■,-•;
'//'A':-."'
' 7 7: '*
able

AAA*. 1946 -''
A'/ 1945
—_
$3,726,188:* $3,052,078

■;.

<.

——

—-

163,

'

•.

result

Sales—

Stores, Inc.—January

Edison Bros.

Month of January—

—V.

901

4465

Number

163

1

Inc.,

President, on Feb. 13 announced that at the
annual meeting on April 30, stockholders will be asked to vote on a
proposal to amend the certificate of Incorporation to increase the au¬
thorized
common /stbck-v from
750,000
shares
to
2,500,000
shares.—V. 163, p. 70.
'
George

Friedland,

&

-

2641.

Feb.

on

,

.

11

•

------

-----

and- Collin,

Co.

&

,

be

opened

Feb,

on

-accepted.
-..aA
■/.
The corporation,

1936,

1944

of

were:''?

'•

to

Georgia

an

PROFIT

■

Liabilities

://A'V

•

Income

Expenses

Net

Net

YEAR ENDED DEC. 31,

1

surplus:

Capital

of

ry.

of amounts paid over

excess

of

1945
1

surplus:

Earned

'•

'/

"*

expense——

2,4C9

14,415

,

in

^

..A

(unearned

rentals

lease

and

mortgage sinking fund bonds, due July 1,
($1 par

///.

Total

■

net

-

income

$994,635

.—.—...—v.

.

paid

dividends

of

Amount

$73,442
921,193

income
—

.

and

908,293

;

——

—

There

of undistributed %

in excess

-

.

1945
A.
J-.—
—$86^342
Undistributed net income (exclusive of profits and losses
from
sales of investments):
'■
•
'
-

of income———J.—-,3/AyA

($1,298,002)
less $908,293,,
——,.——A-i-//,

declared

dividends

Cash

above

charged
Balance,
Earned

265.852

were

389,709

.

beginning

the

at

the basis of
market quotations ———

and

BALANCE

SHEET

DEC.

1945

31,

quotations

''

(Cost,

,

capital

own

Stock

Net

r;

•

income
of

•

appreciation
192.

investments,

of

.

19,800

15,400

$282,270

LIABILITIES

ASSETS,

'

AND

NET

f

ASSETS,

has

elected

been

facture

ing

General Public Utilities

on

Ohio,

153,000

about

with

The

a

a plant operated by Eaton Manufacturing Co. at
during the war.. Built by the government for manu¬
of aircraft engine parts, it consists of a one-story brick build¬

lease

Cleveland,

Gabriel

Company

spend $300,000 for

new

feet

square

floor

of

space.

General

Building Co., Los Angeles, Calif.

Trust

Agreement

Expires—Pays

Voting
Dividend—Issues

$2

Semi-Annual Statement—
under

which

the

in

and

held

and

Spring

their

St.,

voting trust agreement dated Jan. 1, 1936,

stock

the

by

1,

Jan.

on

forward

should

capital

trust

expired

433

that the

is announced

share

a

of

Angeles,

corporation

trustees,
the

to

Calif.,

deposited

been

terminated

participating

certificates

Title

in

has

automatically

of

Holders

certificates

Los

this

voting

1946.

Insurance

order

to

of

net

assets

and

debentures.

Trust

&

the

receive

In

■

for

December,

tux'es

which

Corp.

and

tion

Co.,

corporation

issued

underwritten

were

paid off

directors

declared

recently

1,

dividend

a

AND

PROFIT

$2

FOR

YEAR

A

—

—

Federal

the

1946.

Income

Taxes

ENDED

Net

$70,615

54,768

7,151

1,775

1,475

surplus

$6,517

bank

in

SHEET, DEC. 31,

and

leasehold

$741;

hand,

on

estate,

LIABILITIES—Accounts

1,

accrued,

$16,124;

assessment

rentals,

total,

$15,000;

1946,

$31,650;

equipment,

$2,412;

payable,

accrued

for

reserve

bond

trade,

$753;

$361;

repairs,

(after

and

capital
162,

notes

reserve

for

total, $523,188.

$1,363;

liabilities,

'A'//A V /

accounts

etc.

dividend

deben-

1946,

53,540
14,146

$654,588

$621,143

♦Loss.

tThe

657,579

612,455

1.770,478

138,527

deferred

investment

company and
income tax for

Federal

:

liability,

street
advance

671.

has
such

as

elected
should

the

year

1945

ASSETS—Cash
curities

to

be

have

in

in

(at

72,150

$775,965
70,387

A

58,794

65,891

11,995

A/ 11,951

$580,912

$627,736
589,742

A

657,790

♦2,091,913

♦461,869
taxed

no

respect

liability for

the

of

regulated

a

as

material

above

DEC. 31,

net

$393,759; Investments in
$1,000,000; investments in other

U.

S.

Govt,

se¬

securities

"LIABILITIES—Interest
due

for

accrued,
dividends
payable,
etc.,
$24,909;
against cash, $15,200; due for securities
due for securities purchased when issued, $89,755;
expenses, taxes, etc,, $27,217: 3%. debentures, due Dec/

securities

loaned

for

1/1960, $2,650,000; $6 preferred stock
750:

common

stock

($1

$17,441,789.

par),

(90,750 shares,

$1,602,445;

surplus,

no

par),

$2,268,-

$10,736,696;

■

total.
.

(Robert) Gair Co., Inc.—Rights to Subscribe for Stock
of

common

stock

subscribe for

Holders

common

stock

of

one

The

berg,

share

for

each

offering is to be
Thalmann & Co.

of

record

($1

three

par)

shares

underwritten

and

Lazard




Feb.

at

11,

$6.50

held.

by

shall have
per

group

Freres

&

expire
headed

Dividend in Stock

right to

Co.,

Feb.

26.

by Ladenand including

per

at the close of the year,

the above stock for redemption, the share¬
5,000 shaxes of a 2% preferred stock,

:

value

par

paid during 1945, Total cash paid out of current.'
and redemption of stock during 1945-

per share were

working capital for dividends
amounted to $330,555/
/
Profits

war

on

Board,

provisions

under
of

assessed

indicated

these years.

for

profit of those years it does
quired for the year 1945.

The

$6

cuihlative

series),
of

directors

have

or

convertible

payable

on

March

a

dividend

preferred
1

to

cash, stockholders at their option

of

stock

holders
may

of

$1.50

per

(optional
record

share

stock

Feb,

15.

on

the

dividend'
In

On

Department has examined the
returns of the corporation for
ond seme additional taxes were
proposed to be assessed.
The accounts have been adjusted as of the
close of Nov. 30, 1945, as «
result of the examination and provision,
has been made for the additional tax liability shown to be due.
past

the

year

and

income

five

the

the Treasury

profits tax

excess

ending

years

Nov.

30,

1944,

the purchase and installation of newgas ranges in the Kokomo plant has been,
After exploring the possibility of selling theMacomb Division, the directors voted unanimously to retain this divi¬
sion of the business because of its satisfactory earning record over ther
past ten years and its good prospects for the future.
The following
m.ethodi of financing new facilities was then approved by the board of
directors.
;••••;..■/"■//■
■
/.'/;•■. •/■
V •'
The

given

of

question

financing

production of

for

attention.

careful

with the Harris Trust and Savings
both of Chicago, 111., to make a
of proviamg new ana adauionai xauiiues lor the manuiacture 01 gas ia..ges
in the Kokomo plant.
Such additions to fixed assets are considered
necessary to modernize the plant and increase its capacity.
The cor¬
poration has a call on all or any part of these funds until Nov. 1, 1946,
since the need will depend upon availability of new equipment and the
The

nnd

have

made

been

Northern

Trust

Co.,

$400,000 five-year term loan to the corporation for the purpose

progress of

reconversion.

Substantial

A,

.

changes in stock ownership resulted in

•

changing the di¬

minority stock interest
entitled to and did elect

rectorate, The Maytag Co.

having purchased a

in

Maytag

the

The

corporation.

minority

representation

on

the

Co. was
board of directors.

plant was then authorized, by the newly

the

Kokomo Division...

Fr-ed

The -contract

P.

H.

Maytag II,
Durham

and

provides

George M. Umbreft,
A.

G.

Sherman

Reconversion of
constituted board.

for and a sales agreement was
purchase the entire output of

manufactured under the trade name of Maytag

lieu

receive common stock at the

No

not appear that any refund will be re¬
,
>
,' *

necessary financing was arranged
entered into with The Maytag Co. to

Cash—

declared

Adjustment

Act, as amended, and.
refund of profit has been,
the basis of the allowable-

Renegotiation

the

of

have been received.

clearance
or

.

for the years 1942/ 1943 and 1944 have been/

work

the United States Maritime Commission Price

examined by

The

share to the extent

Rights
a

the

a

the Kokomo

.

completed or

were

of $100 per share.
None cf this new stock has been,
sold or issued.
The only capital outetHndine at the prerent time is.
100,000 shares of common stock, on which dividends totaling $50,006

purchased, $26,817;
reserves

$7

or

to calling

Subsequently
of

pantr

banks,

Y

termination of

contracts

war

Arrangements

1945

cost),
securities, $15,dividends and interest receivable, etc/ $42,368; receivable for
sold, $114,870; receivable lor securities' sold when issued/
special deposits for dividends, etc., $18,284; total, $17,441,789.

801,761;

161,

holders authorized a new issue of

Federal
1942

'/
BALANCE SHEET,

$70,748;
or

7$, $5,052; lease deposits and
stock ($10 par), $75,000; surplus, $407,122;

p.

corporation

$55,035,838.—V.

total{

preferred stock were paid during the year,share./. All of this class of stock, which,
was redeemed and can¬
celled at the "call" price of $105 per share, for which $264,967 was
paid in cash out of current working capital. A
■

facilities

income

.

President, Feb. 4, 1ft the company's annual report,
,

$15,588

During

\
A

$723,852

72,289

t9,457

cum. pfd. stock div.
Net prof, on sale of inv.

payable,

payable

taxes

payable,

$523,188.—V.

$761,117

70,422

(other than inc.)

$7,221

1945

depreciation), $473,038; deferred expenas, $16,699;
Feb.

15-year

1943

53,332

.

% $6

$15,847

taxes.

ASSETS—Cash

3%

of

publicly by Union Securities
therewith, the corpora¬

$787,799

—

„

7,151

BALANCE

receivable,

stock,

connection

1944

General expenses.———

income.

Balance,

that

on

ACCOUNT/YEARS ENDED DEC. 31

Interest

$15,443

:

income

on

16,

—;—61,727

——_—

Depreciation

share

$77,170

—!——

———L,

—

accrued

Dec. 31/45 June 30,'45

v.-

Income

per

1, $1.50; and Aug. 1, $2.

STATEMENT

LOSS

of

1946, to holders of record Jan.

Payments in 1945 were as follows: Feb.

"Profit

sold

;

Regular dividends on 7%

letters'

1945

capital stock, payable Feb,

Expenses

and

$2,650,000 of bank loans due March 31,

INCOME

stock

In

re-

Corp.—Annual Statement—

American

All

or 5» c

-

$2,650,000

and

other underwriters.

certificates.
The

arrears

share/////

$645,333;
$230,342;
(after

.

$10,717,437;

surplus,

earned

because of?the

1940

totaling

of

The

dividends in

from $2.34 to $6 a

year,

advances

July

remained outstanding

Corp,—Weekly Output—-

.

advanced

It

1945," the

$1,000

per

insurance,
prior

$10,113,729 in 1944 to $5,695,469
war production in the kok.mo.
cancelled for the con¬
venience of the government during
the summer and fall of 1945..
V-loans
were
paid oif, war inventories liquidated, and cancellation
claims settled or audited.
By Nov. 30 practically all of the prcb.ems,'
connected with war work had been properly disposed of, including iuil
amoitization of war facilities obtained under certificates of necessity.
The balance sheet as of Nov. 30, 1945 is, therefore, unusually liquid
and since then H has become, even more so, '

which

corporation were equivalent to
preferred stock asset coverage
increased during the year from $151.45 to $214.70 a share, while the
common
slock asset value, after allowing for the preferred stock at

$8,352

$105

/a

y

—

of

interest

plant.

Shareholdings Corp.—Annual Report—

31,

life
and

uonsoilaated net sales, dropped from

in

.

Dec.

of

income

on

receivable

payable; (maturing July 1, 1946), $1,000,-

notes

stated In part;

output, for the week ended Feb. 8, 1949 amounted to
kwh., a decrease of 1.623,502 kwh., or 1.3%, from the
corresponding week of 1945.—V. 163, p. 779.
//
*

At

Garfield

taxes

accounts

$2,000,000),

Globe

122,923,403

expects to take over the plant May 1 and to
equipment and $100,000 for improvements ana

163, p. 651.

alterations.—V.

trade;

2660.

electric

The

^

$2,098,728;

payable,

Alden P. Chester,

with the F. W. Sickles Co.; Chicopee,
by his father, Frank Sickles, in 1921,

Vice-President and director of that company,

a

securities,

value

surrender

and

notes

accounts

$9,961,117;
p.

,

F. Sickles, associated
since it was founded

'

*

market value)

upon Investments at quoted

General Instrument Corp.-^New V.-P. of UnitMass.,

for contingent

of

1952,

ASSETS-^Cash. in bank---demand deposit/$609,351; account! receiv¬
$23; accounts receivable for securities sold, not

Roy

reserve

$2,469,336; serial notes payable (maturing $1,000,000"
1, 1947 to 1951, inclusive, and $4,000,000 on July 1,
lMt%' to 2'/i$9,000,000;
reserve
for contingencies,
$1,200,000; 4'/a%
convertible preferred stock
(par $50), $9,977,000;
common
stock
(392,000 share's, no par), $4,460,000; capital surplus,
of.

DEC. 31, 1945

■

to

1244 and $375,000 in 1943 postal/

Government

Federal

of

refund

annually

291,718

became a wholly-owned subsidiary of General Instrument
of Elizabeth, N. J. Tne Sickles Company, like General Instru¬
ment, manufactures component radio parts,—V. 163, p. 779.

is completing negotiations with the government for

This company

five-year

$1.87

(credited

years

$5,774,882; accrued taxes, royalties, interest,
and
insurance,
$476,066;
Federal,
State,
and Dominion
taxes on.
income—estimated
(after deducting U. 8. Treasury notes—tax series

Corp.

Gabriel Co.—-To Acquire Aircraft Parts Plant—

$805,234

$2.02

(net), $5,953,352; inventories, $25,010,799;
receivable
and
advances
(after
reserve
of

cash

$295,640;

LIABILITIES—Serial
COO;

Cr 1,661

$338,913

OF
'

v

(Based

■tunfi.ii.mi^ 11 in.

..W...

11

$925,404

$2.13

$11,543), $60,835; estimated Canadian postwar refund of
profits tax, $51,000; other investments, $35,893; property, plant,
and equipment
(after reserves for depreciation, depletion, and amor¬
tization of $13,379,030), $15,064,263; prepaid insurance and expenses,
$420,103; total, $55,035,338.
' ..'/V';
■/'/
/

$137,309; special distribution Of capital surplus.

.

/;

.

$1,998,199
- 448,986
743,979

excess

recently

p.

prior

accounts

current

for

serve

(exclusive of gains or losses from

STATEMENT

mioTniH). Hi,*.

10,617

A

742,899

-

miscellaneous

55,577

/♦470,35a!"

♦Includes

$15,864;

surplus", $86,342; unrealized net
$6,110,955; total, $19,306,709.—V. 163,

448,987

vm

refund.-

claim

$351,586

/A A-——
/

securities

:

$2,117,288

443,936
1,043,777

stock.—

for in

provided

other

able—miscellaneous,

earned

$2,347,644

—

88,000

;/

10,253

$854,881

$25,426),

1944 A

.

$491,428

-

Dividends

and miscellaneous taxes, $23,514; unredeemed scrip
dividends, $2,725; capital stock (par $2), $1,148,564;

surplus,- $11,918,745;

capital

13,375,000

♦1,050,000

1

preferred stock-/

ASSETS—-Cash/$5,169,543;

on

repurchased,

71,255,000
'i 140,000

—_

j'

notes and accounts receivable

year

72,715

Federal normal tax and surtax
Federal tax accrual adj. of preceding year.*

?

expenses

unclaimed

and

on

l.oio.noo

150,000

tax.,

;cies>// tAfter deducting $167,800 in

_

LIABILITIES—Payable
accrued

8">0.nno

• •

♦Charge equal to reduction in taxes due to deduction for certain.

basis of spe¬
delivered, $104,551; dividends and interest receivable, $36,522; in vest*'
cific certificates purchased, $11,818,114), $17,929,069; cash on deposit
/;ments ^marketable; securities),/$1,1,920,85?;' total assets, $12,671,302.
(under custodian agreement), $1,188,507; dividends and interest re¬
LIABILITIES—Accounts
payable—management fee and other
ex¬
ceivable, $45,619;
receivable for securities sold, $79,059; receivable
penses,
$17,793;
provision
for
accrued
Federal
and
State
taxes,
on
subscriptions to capital
stock, $61,133; deferred charges, $597;.
$27,141;
total.
$44,935;
net assets
(represented
by 274,959 shares
cash on deposit for scrip redemption and unclaimed dividends, $2,725;
of stock, par $1 per share), $12,626,367.—V. 162, p. 2147.
;
total, $19,306,709.
/
<
,
,
J
market

at

ASSETS—Investments,

254/295

950.090

"

'>?■

claims

1

taxes__

200,763

1,276,116

,

Expenses

investments at
—-i-A- $18,116,042

carrying

on

the

of

1945

,

268,786

^469,284

taxes.'

—

conv.

259,790

$8,212,990

3,302,000

—4,A

—

on

$7,953,200

361,398

fi 1,344,230

Surplus

periods.

,

r>;

\

$7,544,842

285,004
1,441,079

Earnings per share of common stk.

INCOME.,STATEMENT, YEARS ENDED DEC. 31

/
%

outstanding

—-—

$86,342
12,005.087
6,110,955

'

,

A

.

-----;A

1945

State

tax

-.v/: 7

,

$7,183,444

297,677

: "

—1/—

profits

on common

income

for short

except

1945,

/ Total income

389,709

—w—

Capital surplus and earned surplus, Dec. 31, 1945—
net appreciation of investments at Deo. 31, 1944

surplus,

shares

in

$7,144,611
<

CONSOLIDATED TAIANCE SHEET, OCT. 31, 1945

1944.

31,

discontinued

274,959 at the year-end.

sales

31, 1945
surplus, Dec. 31,
Dec.

Unrealized

Total

at Dec.

were

'

'1943

,.

.

1

$8,773,404

and depletion-A

income

and

Net profit

1951, $836,017; capital stock

31,

income per statement

Net

'

■

,

Dec.

Balance,

$9,632,424
shares

■'

-

•

with

'

;

—

...

Dividends

value), $989; deficit, $68,474; total/$831,253,—V, 162, p. 671.

Sales of

%

$8,454,553

————

excess

net

% pared

/

charge
Minority int. In prol/bL subaid. co..

asset value of tfre stock/ which stood at $23.66 per share
31/1941, has increased each subsequent year—in 1942, 10%;
1943, 20%; in 1944, 16%; and in 1945 over 28tf.
As of Dec.
31,
1945,
the
net
asset
value per
share
was
$45.92.
Total net*
assets valued at market were $12,626,367 at Dec. 31/ 1945, as com-

!

w!/ 1944

103,161,885 104,714,371 ! 89,191,417 ;

348,851

Special

in

1945——— f'

■

selling/ admin.

interest, depfec., etc.

normal

war

The

3,678,644

111,616,438 111,897,815

Dominion

cash

deposits*, $5,163;

4,096,596

(& Subs.)—Annual Report—

Dividends

income

10,245,412

■

71.

p.

sold,

Federal

LIABILITIES—Accounts payable (trade), $6,999; accrued liabilities,
$2,449; guests' and sundry credit balances, $3,042; taxes payable or
% accrued, $24,169; accrued interest on bends, at 5% per annum, $20,900;
deferred

163,

Federal

$12,787;

hand,

on

2,879,839

Provision for dcprec.

on'Dec.

1944

31,

profit for the year ended Dec. 31,

..9,122,568

3,319,030

956,779

before

Interest

$831,253.

from sales of investments computed on
cost of' specific certificates sold:
- a

of

basis

the

Net

10,604,038
4,127,813
3,564/7^3

1,340,948

income.—

Sundry deductions

held by co¬
trustee under terms of trust indenture, for payment of taxes, insur*
ance, bond interest and bond retirement, $62,847; accounts receivable
(trade), $6,780; inventories (commissary supplies and food, at'cost),
$1,263; fixed assets (net), $709,642; deferred expenses, $37,934; total,

Profits and losses

Balance Dec.

417,813

%

railway.....

goods

Total

SHEET, DEC. 31, 1945

and

bank

ot

Profit

1,426$24,246
BALANCE

1

,

440,779

18,291

Other

'

$11,918,745

———

———

$896,158

102,938

9,328,645

oper.

General Capital Corp.-rAnnual Report—
Balance, Dec. 31,

v.: 1942 A

17,464

:

12,617
2,237

surplus

ASSETS—Cash

$13,606,985
value of 63,962 shares
"'-'AAA

par

1943

$638,711

and general expenses...—

during the-year—• 1',688,240

stock repurchased

capital

12,496""'i

taxes

.

3,625,534

—

Cost

...f,

^

....

12,432

bond

of

income

Balance,

$9,981,451

-———r-

stock

136,112 shares of capital

Total
Less

Federal

received over par value 011 suoserjp-

amounts

tions to

.

....

.

31, 1944

Balance/ Dec.
Excess

1945

1944

$735,141
137,068

Net sales

$71,383
4,006

$69,651 ' v,/' $73,389."21,874

;

Amortizfition

•///■

/'"

'

1345

$198,830

♦784,353

,

V■'/":;.//■//'1945

' 20,888

84,393
.

-Jan. 1 to Jan. 21-

$184,450

CONSOLIDATED INCOME STATEMENT, YEARS ENDED OCT. 31

,.

-7-::

$324,742
sales; of investments credited directly to earned

STATEMENT OF SURPLUS,

-

;*^

•

or

'

Glidden Co.

1,076

—

interest

Depreciation

$389,709

————----

profit on
\A\

surplus.
•,

A

....

♦Before net

.//v.

Bond

cash,

1946

railway—..

♦Deficit.—V.

»

•-

from

from

Net

$191,535

•'->•. $199,359

/■:: Total
'

in

/'">

p. 70.

♦302,175

railway.
:
oper. income.— /

ry.

Gross

BASIS):

$68,530
retired.,

bonds

on

Payments
$'i.50 each in

1,

$2.75

1,

\

1945

railway..—$597,395

From Jan. 1—

Dec. 31.-45 June 30/45

f
_

I- Discount

$409,135

—

income

♦Net

1944

//■:/

$f?? 945

—^'

—*

1945

(ACCRUAL

'

Profit

$19,264,606 $12,420,423
Shares outstanding increased 72,150, or 14%, during the year.
The net asset value per share of the company on Dec. 31/ 1945,
was
$33.55.
This compares with the value a year earlier ot $24.73.
The
increase in value during the year,
including the capital gain
dividend of $1.62 paid on Dec. 24, 1945, was 42.2%.
STATEMENT OF INCOME, YEAR ENDED DEC. 31
:

'

-

•

Departmental cost, admin.; and -other expenses^

market—-

at

assets

Net

from

Gross

31, has deposited with
securing the above bonds

STATEMENT

LOSS

AND

stock.

Sept.

Dec.

1945

RR*—Earnings—

December—

oe

Jan.

on

indenture

trust

the

Income

/

$12,451,849
42,103?/?;
31,426

$19,306,709
:

and

$67,130'

$64,150

.Net from

was-announced

it

will

N

6 Months Ended—

31, 1945 Dec. 31, 1944

Dec.

market

at

assets

Total

163,

1946

./ sufficient lunds auring the six montns en.tta uec. «1, 1945, to enable
the co-trustee to pay to the holders 01 sa*u >,onds 2Vi'/c interest.
The
distribution was made on Feb. 1, 1946. rut-v which $<*1,946 remained on
deposit with the co-trustee who is it^uaecl, unaer tne terms ot the
trust indenture, to set up ceitain reserves.
An interest payment of
5% was also made on Feb: 1 and Aug. 1, 1945.

at the

the company on December 31, 1945, and
,A'A:.A/• "/A "•"/ "

of

assets

net

The
end

1

and

: ,10 Days End. Jan. 31

Operating
revenues^
—V. 163, p. 779.

All tenders

and lowest offers submitted

16/ 1946,

-

under

the. co-trustee

Inc.—Annual Report—

Fundamental Investors,

of preferred

1/ June
share;

share.—V.

common

a

,,

'

amount suffic.eilt to exhaust

309.

p.

March

common

a

Georgia & Florida RR.^—Earnings—

■

163,

—V.

of

A.,.;,;

■

.

share for each

follows:

as

12i/1500ths of

Norton

/, /

...

sinking lunu bonwe <**».eu amy 1,
$20,751, he.d ror tne purpose.

of income mortgage

to it

Sales Higher— V
1946—Month—1945
1946—7 Mos.—1945
$1,414,010 $1,384,446 $14,466,931 $13,382,459

Jan. 31—

Period End

/A

The Title Insurance & Trust Co., co-trustee, 433 South Spring St.,
Los Angeles, Calif., will until Feb. 15, 1946, receive bids for the sale

;

will

Franklin Stores Corp.—January
Sales

Wellington

Co.,

&

were

44/l000ths

"

"

,

Spencer Trask
163, p. 779.

terest—Earnings, Etc.—

declared a dividend of 15 cents per share
on the
common stock, par 20 cents, and the usual <lua£terly dividend
of 75 cents per share on
the 6% preferred stock, par $50, both pay¬
able April 1, to holders of record March 15.
A distribution of 15 cents
per share was made on the common stock on Jtyi. 2, last, as against
10 cents each on Jan. 2, March 31, July 2 and Oct. 1.-.1943.—/.162,
directors

The

Co.—V.

of 44/1000ths of one

1945

(The) Gaylord, Inc. (The Gaylord Apartment Hotel),
Los Angeles, Calif. — Tenders Sought—Pays 2Vz% In¬

.

Inc.—15-Cent Dividend

Co.,

&

"

■

Foremost Dairies,

in

cash.

M.

H.

Monday, February 18, 1946

rate

Loeb & Co., A. G. Becker & Co. Inc., E. H. Rollins & Sons
Wertheim & Co., White, Weld & Co., A. C. Adyn and Co., Inc.,
Byllesby and Co., Inc., Carl M. Loeb Rhoades & Co., Riter

Kuhn,

Stock—

Food Fair Stores, Inc.—To Increase

P-

& FINANCIAL CHRONICLE

THE COMMERCIAL

902

that

gas

ranges

will be

Dutch Oven.

Roy A. Bradt, J/G. Gamble,
elected directors, succeeding

were

'/

.Volume

Number 4465 \V>iv

163

W. D. Harvey;

Dudley'Dates, H!
■' ••

D. B, Tolley, D. C'. Flummer,
vand Ay J. Stillwelly:''.''
•'■ t'f-\ ■''

,

_

ACCOUNT

INCOME

FOR

YEARS

Net

Of

v"

INCOME

Net

1942

$5,205,065

3,638,719

353,487

Other

income

>

deductions'

69,095

41,055

Other

$864,701

73,644

53,682

9,253

62,274

56,675

875.000

410,000

507,000
50,000

"-.Net

:

407,000

■

M

on

Earns,

.tf^'3'7,664

50,000

50,000

share-

com.

$142,197

$1.90

$1.21

1942.

costs

$835,982

402,510

43,519

income taxes--:

76,335

15,254

$285,747

;.

taxes—

"70,000

,,

the

announces

Feb.

15,

1946,

opening

under

162, p. 3073.

no

and

38,'958

shares.—V.

par

the

of

branch

a

management

office, in

of

Gordon

163

Detroit,

Ferguson.

'

Period End. Oct. 31—

Gross

from

rev.

Operating

•

$334,254
"120,000

.

dividends

—_

estimated

deducting

profits

excess

credit

BALANCE

caSh

and

,

$215,747
C: ;v,
14,044
136,727

capital stock

ASSETS—Cash,

expenses included above applicable to post-war adjust¬
$981 • loir--prior years'-adjustments of
depreciation and
amortization, less applicable Federal taxes.
;

$487,300

:

value

surrender

$25,000

SHEET,

—i.——_$439,973

1945

and

31,

for

$5,338,287

334,720

,3,842,492

3,587,878

$165,844

Net

77,376

s,

account

on

61,843

$1,495,795

$2,192,876

$35,000

in

transp.

2,614

2,031

from

rev.

oper,—

$64,458

$167,875

$1,529,572

$2,215,445

80,281

150,884

1,340,775

1,941,245

"$15,823

$16,991

$188,798

$274,200

wW-—

.

v.

of

1944.

Net

revenue

163.

33,777-

193

D.

1945

$50,000;

Hotel Waldorf-Astoria

accounts

doubtful accounts of

The

$38,211),
$1,383,457; accounts receivable—mother, $11,362; inventories)
$2,206,371;
investment
(nominal valuei, $1;-land, $261,560;
buildings, machinery
and equipment (after reserve for depreciation of
$1,018,095), $570,643;
total deferred charges, $55,782; total, $4,871,468.
•
*
;
!'
'PLIABILITIES—Notes" payable" to banks,
$750,000; accounts payable—V
trade and other, $971,328; accrued salaries and
wages, $73,036; accrued

New

income

$5,780;753

than

"Loss.—V.

DEC.

$500,564'

expenses —378,129

other

J

1945—11 Mos.- -1944

,

67,788
*

Treasury notes—face value,
insurance ' policies,
$18,535;

reserve

Rev.

$267,300

S.

life

on

(after

$264,254
60,594 '"
77,376

recoverable

in

Ltd.—Earnings-

1945—Month—1944

trans-

220,000

Deductions

Federal" tax

of

$313,759; U.

receivable—customers

and

York

Curb

debentures,

22,5 C9

Corp.—Interest Payment—

Exchange has ruled that

due

the 5%
sinking fund
Sept. l, 1954, shall be quoted "ex-interest"
debenture) on Feb. 28.
The
debentures shall

y'
2J/a%
($25 per $1,000
BALANCE SaEET, NOV. 30/1945
continue-to be dealt in "flat."
The interest
ruling followed announce¬
ment
that payment- of 2 '/a
(including restricted deposits of $55,000), $530,939;
ft will be made to debenture holders en
U, S. certificates of,
March 1.—V.
indebtedness, % % (less amount segregated'to
162, p. 2943.
// •'VP
cover
liability for Federal taxes on income), $86,633; Federal excess
>'
: profits
tax refund bonds .payable Jan. 1, 1946,
taxes'and interest,
$34,888; employees' retirement.,plan accrued ex- ?.
$65,554,' accounts re¬
Howe Sound Co.
ceivable (after reserves for
-Earningspense for
1945, $100,000; accrued Federal and State income taxesdiscount, freight allowances and doubtful
Years Ended Dec. 31—
accounts of $8,3001, $388,148,; inventories (valued at cost or
1
year
1945,
$95,000;
deferred
credit. to
market,
1945
provide
for,- service
on
1944 :
oil
1943
'-whichever is lower), $376,978; cash surrender value
:;V Operating revenue
•butnefs.
of life insurance,
$16,723;'common "stock ($1" par), $60,000; earned
$9,209,085
1,302,517 $11,769,866
surplus,
332,307; Idnd,'buildings and equipment (afteryresetve for
$32,307; land, buildings and equipment (after reserve
.Operating expense
$1,423,314;
" ""*
""" $4,871,468.—V.
'
^ "
depreciation
fofdepreciationz ; $1,423,314; capital surplus, ol,347,180; total,
3,895,921
4,135,680
161, v
4,499,497
«f $259,823), $414,707; patents (less
Marketing expenses, etc.
1317.
amortization thereon), $3,656; deP- 1317.
3,124,968
3,105,818
4,249,688
ierred charges, $13,111;.
Expenditures (new
.total, $1,912,034; , ■ '
prop, investiga
' *
tions)
,

'

-

ASSETS-Cash

•

..

.

.

oh

Honolulu Rapid Transit Co.,

(,'$905,064

375,394

sold—

& State inc.

$1.44

$2.03

unused

$106,756 resulting-from conversion to war work during
tlncluding $50,000 transferred from reserve previously provided

ments

estate

50,000

"Including
■nor

real

income

Common

22;45_4

50,000

1,355,668

Indemnity Co.-—Opens Detroit Office--

company

:-'(/■'/

$166,495

21,446

?

.

1(8,706, shares preferred

by

300,317

380,916

income before

"After

15,588
stock

common

per

$221,024

•

""Represented

50,000

1

stock'

preferred
Divs.

$710,1831

V.

$604,747

226,981

income

for Fed.

Net

$205,724

-

.

7%

on

The

.portatiori

tC)oO,98l

surp.;

to

declared

'

$588,008
247,974

income--——ia"_u'L——u—_—

Preferred

Transferred

Divs.

$483,202

Deductions

Prov.

nd: rehabiL-'

% Oth. extraordinary items

*

operations---

Net loss from

for post-war ron-t
a

Home

129,643

:-o

$822,950 in 1944.

common,

652.

p.

1943

'

•

nil,564

100,000

__—

and

.——_.
——

from

"..'Gross

and ' amortiz.71,443

version

shares

31

1944

25,802

$765,126

Prov. for Fed. inc. taxes

Prov.

—:

1945

Mich.,

$838,899

$1,311,980
;

Deprec,

$723,471

36,316

.

il Other

$1,242,885

$659,830

——.

Total profit

DEC.
'

412,177
Profit

$623,514

ENDED

$14,685,911 $14,459,311 $14,983,652
Cost of goods sold.^ij.,
11,656,118
11,765,493
12.321,582
Oper., selling, gen, and adm; exps.—
2,546,591
2,105,810
2,057,323

$4,889,795

4,128,106

sales

in

717

1945

424,112

467,332

'V: Operating profit

YEARS

ACCOUNT,

30

8,446,732

sold—yli:. 4,604,614

goods

Sell., gen. & admin, exps.

NOV.

903

liajoca Corp.—Annual Report-

D. Smith

1943

$5,605,461' $10,113,729

sales

;

ENDED

1944

1945
Cost

THE-G0MMERGIAL fr FINANCIAL CHRONICLE

"

'

.

-

liabilities—Accounts payable, $i?6,972; accrued'salaries,
|l|gt»xes,,etc., $145,514; deferred-tncomo (resulting from sale of
lilxed

assets),

tation,

$17,901 p reserve

$150,000;

for" post-war; rBnversion

stock

common

(par

$5

share),

per

wages,

certain

,•

$500,000;

ation

capital

of

Government-owned

plants,

duced 'explosives* propeliants,' and
Charles A. Higgins,

costing

,

Calendar^Years

Net

income

"?""r

"

Provision

'

for U. S.

*-

""

'

'

&

Canadian

1944

$974548

_

-

income taxes__

'<

364225

'

:

All

states

carried out

in

his

schedule

on

letter

and

at

>

profit
Earned" per commcn share
flnniirablp

:

$610)323

*1 ^551

income^

for* a'

11
dn respect of infringement of
t
I). 457.
;

y'L

net

a

amount

of
av4'

reroverv

I

patent owned by the company.—V. 162,
:':Z4.W,r:f.a

v;'yy\{i>

V>.

J

several years

1

a

n

net

W?L a

n

am u

W

A A

»

has been made in
is

**

^

amortization of

4he:accelerated

Iflilc;

the

z-.-.

*

f—-Ye

163,

;

,

Gray son-Robinson Stores, IncA—Registers With
The
■

(formerly

company

a-eglstration

:

statement

with

50,000 shares

par).

of

a

and

50,000

shares

of

for

'

to

of

Robinson's

Women's

Apparel,

the company's 3%

prepay

;

f

Inc.;

note issued

mm remaining 50% of the capital stock

and $450,000

will

be

for the purchase price
Vase

of that corporation

It

■

is

of the

also

an-

Co.

See Grayson

(The)

is

named

g

Total

•

Misc.

-will

special meeting

a

will

on

Feb, 8,

Feb.

26

the

continued

growth

affect the

shares

presently

made

value

effect

at

for

the

each

time

share

on

of

;
increasing

50,000,000
5,

stated

this

outstanding.

the

in

Ih '
this

Such

sale, with the company
sold."—V., 163, p. 780.

$1,340,560
504,468

;

Maintenance

sition
Federal

•Other,

it

2,209,339

dividends V'W '£i~i *ji

kia

is

16,150

Balance

Earnings
effect

for

Dr4,162

share

per

to

,77,148

of

reduction

in

stock
com.

and

stk.

Fed.

inc.

ing from amortiz, of emergency
Period End. Oct. 31—

Fed.

inc.

Total

fran-

stock

commomn

I)r35,138

2,619,258
1,245,703

$4,827,992
Drl2,325

as

have

been

duced

through

ance

for

emergency

$438,010> $4,654,755
98,211'
926,576

v.

>;

(no

par).
shares—

19,206,192
1,316,710

$3.36

$3.26

-

prior years.

BALANCE

'

.

Goodwill

(

Cash

hand

on

Other
Cash

^

U.

s.

and

on

and

deposit..—

reimbursable

Finished

and

charges
refund

Postwar

(contra)

;■

5,122
2,240,491 f

■.

1,Z 23,908

58.597

...

1,002,206

61,037

13,444,604
11,406,301

12,333,573

.

providing

for

Federal

income

and '

17,385,615

excess

7,038,212

of

per share

taxes.—

'

'

.

income

increased from $23,71 to $30.44.

totaling $3.85

which

85

and

cents

was

interest

per

,

-

rail

bonds,
of

sale

and

$3

from

securities.

share

per

at

the

The

unrealized

of Dec. 31,

profit-on

1945,

the

r

investment

securities

in the Portfolio
to $11.90 per share. •

$32,662,912, equivalent

was

net

Adding
year-end.

such value increased 44.6%.
as

rrr,

were paid to stockholders in
from accumulated undistributed

defaulted

on

con

share

derived

realized during the year from the
these distributions to the net asset value

,

INCOME
,

Cash

ACCOUNT. YEARS

1944

DEC. ,31
1943

1942

$2,460,644
•
8,415

divide)
dividends

stock

in
in

Interest

ENDED

1945

$1,999,618

$1,749,931

$1,664,567

.52,875

50,100

51,050

64,815

45,522

$2,117,308

$1,845,554

,

.

—:

'

Total income.^,.
Expenses

14,738'

82,483,797

4,558,436
11,371,754
22,570,875

"Net
Cash

416,766

309,265

288,230

242,874

$1,808,043

$1,557,324
1,623,816

$1,4*2,5^1

dividends

fl,998,802

i.V "Exclusive of realized
securities.

6,538,086;

net

gain

gain

303,130

tExclusive

from

sales

dividend)' and

interest

2,661,870

19,803

$i,r70S>%;

income..—$2,067,031

———

5,820,911
267,251

.profits

p. 465.

6,499,328

—

s.

5,080

.

1,047,209

profits

8,047,598

8,991,660

-i—i————i..—.—

U.

"*

101,160
4,327,709

17,913,417

—

securities.—-

supplies——,

products

Deferred

items

■

6,214,858
m

—_————

Government

Materials

28,953,324

-

receivable

assets

4,420,211

23,607,353
1,302,149

1,927,163
127,332

7,696

:

2,892,455

' —:—~

"795,564
-

"3,033,481

tAfter

asset value

net

1945
1944
$16,959,372 $17,143,407
7,483,141
5,000,000

V

—

'^Accounts

240,414

frcn

1945,

$3.93

'

SHEET, DEC. 31

/
__r_—^

property

58,826,403-

Cr259,391

income

depreciation and amortization of $4,517,017 in
1944, and $4,407,337 in 1943. / ""After
postwar

,,

and

92,199,944

38,772,332

The total net assets increased from $57,235,622.;the
beginning! of
VPtll»
the year fRnt-Bsnnlert Xtr 9 41A ICO outstanding shares, to
represented by 2,414,168
$83,530,669 at
the end of the year represented by 2,744,299 outstanding shares. -The

in
^
$1,724,7.66 in 1943, $1,057,177 in 1944; and $1,839,209 in 1945.

^Plants

65,272,140

•-

§After

assets—

7,637,979

•

th#
.

:

to

„

■5,470,402

Cr4,074,413

facil.

,

.

1,316,710
,

.

net

18,199,040

1,198,736

received

and
of

of

investment

$219,510,

on

1,708,714

unrealized

$8,231,634,
or

gains and

or

$3

securities

.eight cents

losses

share,

per

from

(designated
per

share,

1,797,973

investment

on

as

reorganization rail bonds.'

realized

capital

a

account

on

ol

Z'.'-V-;;- ''/.'Z:

'

NOTE—No provision has been made for Federal income tax on 1°45
income or. on
realized
or
unrealized
gains since
the comuanv has
elected to be a "regulated investment
company" and has distributed

$71,958,650 $87,853,525
liabilities—

■

$3,728,179

$3,616,930

531,974

594,920

""Common
.Accounts

surplus.:
before
taxes

$3,196,204

$3,022,009'

1945—Month—1944

and

returnable

accrued

$6.73

la

dividends

taxes

16,945,850

accounts-

containers

-1944

-Capital
Earned

surplus \

surplus
UTieasury stock

all of

$9,619,400
16,945,850
5,127,974
1,284,524

V

its net

:

(contra)

——,

—

__.:
——

Total

$104,524

162, p. 2642.




$133,045

$1,311,331

$1,359,432

—

——

-

—

(including realized gains),

131,232

9,342,727
4,327,709
7,552,138

12,959,132
8,672,486

Total

4,112,456

Current

■,-$2,636,821

————

11,371,754

15,523,921
19,206,192
Dr1,577,475 Drl,577,475
$71,958,650 $87,853,525

tUnder U. S. Govt, cost-plus-fixed fee contracts.
tAfter depreciation
of $34,933,338 in 1944 and $39,066,380 in 1945.
tAfter reserve of $847,-

.

STATEMENT OF NET ASSETS, DEC. 31, 1945

y.7„.:

"Investment" securities at market quotations—.:
Current' receivables —————

'_—:
liabilities

80,5n4.1")6
;

468,927

(—I..——..—

$83,6r)C).8R4

—

169,195
Net
Shares

of

1945

—'

4,112,456

...

taxable income for

(On the basis of stating investment securities at market
quotations)
Cash

109,360

—

$5.94

1945—12 Mos.

4,718,152
1,284,412

(estimated)..

fCash and reimbursable items

result-,

facilities...—

Preferred
Federal

giving

$9,619,400

———

payable

for

Deposits

.

•

t$100 par)___—
stock

allow¬

by—

.

'

15,523,f
,921
,710
1,316,'

$4,815,667"

re¬

amorti.

facil.

"

..

,

,

$1,839,209 as result of accelerated amortization of emerfacilities applicable to 1945.
tOf emergency facilities
applicable
to. prior ;years. \JOf emergency facilities applicable to 1945.
flResult'^l
ing: from accelerated amortization of emergency facilities'
applicable

193,809
1

*

nri nq nor

'

common

per

.

years

surplus

13,759,236 171,638,806 167,071,959

"5,129,368

,

Incorporated Investors—Annual Renort—
^miudi.xvepuxi,
<
.

,

ahd

1945—12 Mos.—1944L

16,510,557

Cr812292

Chise taxes for prior

credit " of

shown

taxes

above

—V.

.

-V. 16
taxes.—V. 163,

Dr625 932

income

•

/.

-

common

joint
(net Dr)

tNet

"Reduced

899,210

$4,689,894

$295,794
$339,798
requirements:^^—_______

:

dividend

20,017,678

ry. oper.

Net ry. oper, incomeincome—
L__

Dr5,000,000

,

16^. p. 3074

524,928

gency

1,509,618

$442,172

Dr3,806

will

the^?1945,' $4,237,712

958,431

18,199,040

amortization

1945—12 Mos.—1944*

$376,749

amortization

income

expenses

and

w
-

1,887,808

Preferred stock

Net

oper.

rents

3,291,775

1,007,152

19,206,192

good

of State

Earnings

desirable

1,540,686

524,928

3,291,775

_

CONSOLIDATED

193,809
2,832,596
1,305,241

226,166'

503,056

3,291,775

•—.i——

f'Tvi

■ ■•";

Preferred

oaa

1,130,969

dividends

Shares of

connection:

receiving

111,774

yi'i-.$372,943

&

2,195,451

ma

reserve

$21,576,996.

14,888,310^ 21,397,215 236,910,946 259,271,903

Ry., tax ; accruals-L-w-.

293,031

2,195,953

reduction
reaucwon

Adjust,

'.'

shares;wiir be

80,099

—

Interest

126,882;

16,150
153,598

taxes—

Net
oper.. revenues—
•Other income

Balance"

.

63,949

129,600

—

v.;,: :

192,406

so not

(after

total,

-Earnings of System—
1945—Month—1944

revenues

Net rev. from
^

104,937
T

Additional

authorized

acqui-

adjustments—
income

taxes

.156,606

be-

and

.

>T

>

1,757,902;

tax

of

^Tax

$1,496,417 $18,076,250 $17,177,716
509,321
6,555,590';
5,882,124

79,894
——:

Amortiz. of plant
k

.217,467,

tax

Co.—Earnings-

1945—Month—1944

revenucs____

Depreciation

stock

tWrite-off

shares.

company,

of

Gulf States Utilities
Period End. Oct. 31— /

Operating
•Operation

capital

surplus

available for purchase on
exactly the same basis as the shares
;
presently outstanding-—that is, at: an offering
price based on the asset

asset

I

Previous surplus

an additional number of shares be made available for
purchase
investors.
The additional shares recommended to be
authorized

in

''

income

oper.

"Deficit.

unanimously adopt-

'

vote

from

of

value

Ry.

Ry,

———

is

Foods, Inc.—Calls 6% Preferred
Stock—:

Period End. Dec. 31—

24,937,906
1,100,000
'
64,263

amortization

$10,864,452), $12,011,338;

Illinois Central RR.

1943

200,000

31
**

-

J

16,569,9841.17,193,903
•

Dec *

.

bonds

shares of its" 6%
preferred and
certificates for the
sinking fund.
The
stock and certificates are
j
retirable March l at $10.25
plus 15 cents for
quarterly: dividend.
Hunt Foods, Inc. has
outstanding 82,880 of 6%
preferred stock.—V. 162,. p. 2643.
J

277,296

200,000

.

Canada

; corporation
has called 4,297
Hunt Bros. Packing Coj;

;2,807

v

deductions. '

Common

25,000,000 shares to
Zuchtmann, Secretary, on Feb,

not

The

war

288,764

conting

value

.

of

assets

of

-

.

«•

_

supplies, at cost which

Dominion

plus accrued

deductions—V

that
"by

-

cost

/,

.

of

interest (market value in TJ «"
Dol¬
exchange rate Dec. 31, 1945,
$1,910,) $2,103,483; inaffiliate—not consolidated,1
$76,365; deferred charger to
$30,257; other assets, $23,661: fixed

depreciation

-Hunt

,

1944

268,533

from

.

Preferred

v

^

_

(malket

j

charges——.

Shops,

.uxax

stockholders

"Because

operations!

v

——A?
Group Securities, Inc.—To increase n—^^italization-L- ry
Capitalization-

C.

.

/>/•«.

$17,596,446; capital surplus, $96,992;
total, $21,576,996.—V.

CALENDAR'YEARS

.

c\ a

-

$
$
100,555,904 105,677,952 ,122,518,626,
16,301,451;;. 16,910,139
24,660,610

revenues-,,

income

Federal
Federal

.

F,

operating

,

$ Additional

resolution to author^ the creation and sale of
50,000 shares of
cumulative
convertible
preferred
stock
and
another
resolution
to
change the name of the corporation to Grayson-Robinson
Stores, Inc.
—v. 163, p. 652.

stock

^,

„

Other income

Provision

underwriter.

a

capital

,

plant

(Shops Inc. below;

Grayson

The stockholders at

The

„

1945

from

i

Change in Name Approved
«d

and

sales

^profits

tures of that corporation, and
$2,250,000 ih payment of the balance of
the purchase price of such securities.
The balance of the p
s
trill"be utilized in the purchase of inventories.
&

...

.

ticipated $250,000 will be used to replace working capital
ital expended in
payment in Dart of the purchase price of all of the capital stock of
Klein On The Square, Inc., and of
$800,000 of 20-year 8% deben¬

Emanuel

.

B

*

Net

used

23.

-

,

'

*

f

LIABILITIES—Payrolls, vouchers, etc., $438,712; United States
and
foreign taxes, $292,554; reserves for
insurance, $381,409; miscellaneous
■:-^ie-^si,$461,3®4:, capital sfcock <Par $5), $2,309,500; earned surplus,

(Including Subsidiaries in Canada and England)

common

.

.

It is anticipated thai of the
proceeds $900,000 will be used to replace working capital expended in the purchase of 50^ of the capital
stock

many changes and opportunities."

CONSOLIDATED INCOME ACCOUNT FOR

cumulative

,

<jonvertibieipieferred istpek,;, (no ipar),
<$1

SEC-^-^ promise

Grayson Shops Inc. of Calif.) has filed
the SEC for

6

on

in

^operations,

■

during, the
'

based

Uvestment

Higgins

P.i1-93,/rjv.• Is

flCZA \

treasury bills, at

lars

emergency

•."The
■

d> 1 K T

1945; $157,054), $124,667; inventories
Jow market, $611,027; investment in

v;

require large sums of money; for the years immediately ahead.
aftermath
of
war
poses
many
problems to
industry,"' Mr.
said.
"Great shortages are everywhere apparent, bins and
shelves are empty, and the world's needs
abnormally great. ' ThC vol"ume 'of deferred construction of all kindfr is
large and pressing, and
purchasing power everywhere is backed % a large supply of money
and credit.
New techniques and products developed,

Co.^—Sales Rise Sharply

Period End. Jan. 26— K
1946—4 Wks.—1945
1946—47 Wks.—1945 (
Sales
$4,759,918
$3,582,390 $49,232,588 $44,576,447

$2.80

share

per

X™^,r™(tahle-from

f UA

plant facilities built during
war with company funds.:
Giving effect to these two changes, the
-company's net'working,capital increased during the year and aggre¬
gated $34,849,000 at the" year-end'.
A strong financial condition at this
time is necessary in line with sale and construction
forecasts which

-•"(

1,385,925

$1,77

deple-

CONSOLIDATED BALANCE SHEET—DECEMBER
31, 7945
:
ASSETS—Cash, $1,970,807; United States
Treasury notes and certUicates of indebtedness, at cost less premium
amortization plus accrued
interest, (market value Dec.
31, 1945, $3,753,057, $3,733,197; notes and

will

|J: Grand Union

$1,292,856

808,325

$1.86

of

537,931

.

.the

.

,308

646,660

(exclusive

paid

Earnings

During the year th company's postwar tax credit became a current
asset
item.
Also,'a reduction: in current tax liability resulted from

'

income

tion)

for
vntnm,-

•» researeh

past; reflecting the start which
con:
company's postwar construction program

*

SOTE~—For mechanical reasons it is not
alu)ay»
possible to arrange companies in exact alphabetical
order.] However, they are always as near alphabetical
position as possible.'
■
"
*

A,

<le*el0>>ments lnltlated

414,095

r"r"**T

•

$3,020. coi

metals, sold. $847,209; acoounte receivablesaia%
t;r^uv.!y-;?■> v;••;$44,984, metals on
hand, at market as to metals under contract
"Capital expenditures of approximately $6,923,000' were highef than
rand at production, cost as to
An wl
AnPi
4-L
^1metals unsold
1/tU
U

fQr

1

.'1';

for research
continue;- at J about'.3% of company
"Substantial expenditures will be required in. the future

•sales.*

.

•

a

•

;r

Expenditures

$1.08

$110,000" (exciuelve
Af'report

7 <0,<L9

296,119

$858,859

1

i

,

Net

plants.'"

$515,785
A

$1.52

The profit for 1945 Included

'

'

•••r

614,689

280,319

"

$2,061,019
331,902.

615,042

foVelg,V.""

and

taxes;

Dividends

-

Net

,

{>

-

,

i

produc-

a

$2,150,789
.396,569

Depreciation

stock-

to

other

_

cost substantially below that
prevailing in the previous war.
An
important, assignment. was the production by the company of most
"of the bfizookk and rocket propellaht used by the Armed Forces.".
$786318
Net sales and operating revenues for the year were
$100,555,904,
270 533 :r4compared with
$105,677,952 - in 1944;*'exclusive of the munitions'of
'
J-4 war manufactured at the Government-owned'ordnance

1945

,

.

"This program was

$486,000,000, which preamounting' to $428,-

other materials

President,

■

4

S?

rehabili¬

and

37,406

iiercuIes Powder Co., Inc.—Annual Report-

assets
of

/shares
Net

of

assets

—

capital
$5
per

"Investments

stock

$83,530,669

outstanding

(authorized

5,000,000

value each).
share—-—j

par

at

cost,

$47,931,204.—V.

Z—;
163,

p.

194.

2,744 299

'

$30.44

THE COMMERCIAL

904

Indiana Harbor Belt RR.—Earnings—
''

"Period End. Dec. 31—

1945—Month—1944 '

'

Ry.

oper.

revenues—.

oper.

expenses..'—

4,380,644

1

Net

Ry.

$41,670

"$3,024,566
Crl,658,731

from ry. oper.

rev.

accruals.

tax

Equip, and jt. facil. rents

,1,015,445
1,119,071// 1,050,443

Crb07,981

K- 73,379

,117,733;,

_

1,

Net

$1,000

annual

quiring

Other

income--—.//'/ 6,833

1,349,149

Misc

deductions

Total

fixed

Net

38.912

506,942

583,923

$599,952 *$1,515,628

$748,169

480,143

3,191

—

charges—."

51,376

-

.

,121,446

;

*$1,531,302

income

*$969,774

any

plus

premium

decreasing
1958

and

Dec.

Indianapolis Water Co.—Earnings—
revenues^.'..

Gross,

"1944

1945

31,

3,139,125

local taxes

the

1,160,599

1,078,124

.

1,032,625

l,015,y04

stock:

$1,165,567

$1,145,749
504,875

504,875

charges

79,472 I V;

115,511

.

504,875

48,306

75,350

V

'

credit

at

of

cost

re-/

1947

25%

to

acquisition

at

option
time prior

any

prior

to

$7

on

Jan.

the

nated

date

at

before

or

amount

to

In

V

'

to

payment

the

Jan.

business

1948,

interest

'

,

/•:;./:

■"

into

after

1,

Jan.

1950

and jon

$460,388

in

1940

Mass.

It

this

agreement

with

company

$1,500,000

was
immediately available
$1,500,000 will become avail¬

additional

Manufacturing

upon the consummation of
the-Sullivan Machinery Co.

Co.

The

.

proposed

and

of-

merger

Manufacturing
Feb.

loan

Sullivan

Co.

8,- has

INCOME

into

agreement

Machinery

and

been

with

a

proposed

and

also

YEAR

Co.

this

postponed

ACCOUNT,

Cost:

to

Ladel

provides

and

take

Operating

ENDED

Other

income

two

pre¬

21,. *

J

30,,^945

SEPT.-

$13 752225
' p

"-'"'ft 'lo 775'"354

expensesIZIIZZIIIIZII.

income

Ladel

company,

Feb.

-Of;Sales_a—L—:'L

Selling, administrative and general

assets, subject to the liabilities of its predecessor
It maintains executive offices at 84 State Street, Boston,

has

which
An

Sales, less returns, allowances and
discounts_>____

1954,

to

Delaware

loan

CONSOLIDATED

the business and

corporation.

of

maximum

of

borrowed.

this

the

upon

Jan.

1,

been

viously scheduled for

common;;

Jan.

$3,000,000,

under

Conveyer

to

y

December,

m

■

a
revolving credit of a maximum of $1,500,000 at
any time out¬
standing during the three years ending Dec.
1, 1948, to take care of
short-term borrowings
dufihg. .'that-'period.;
-v" •/
'
The - special meeting of the
stockholders to consider and take action

'

before

company's regulation V-Loan credit was
termi¬
loans and. in addition' the
repaid in full.
k,
.<• //.Lf
meet its long-term
financing requirements, the company '
1945, negotiated an eight-year term loan for
a

Conveyor, and

and on or

or

before

/or

on

of

1948

1,

V"

prior

day

share

per

•

the

year

to

1,

merger

of

repayment of all outstanding
the 5-year term loan was

oi

has

olir

close

for

fund on
plus like

•' •'

Dec.

able

stock of the
redemption at

10th

the

rates

$8

of

case

on

■

V./(/;

common

in

or

following

1,

accrued

■

holder

order

and

premium;;

sinking

of

amount

on

through Jan. 1,
1958 through /

the

of

and

'//
the

of

the

upon

balance

after Jan/1,

of

close

1949,

1,

thereafter

operation

periods.

the

Jan,

period

the

During the

of

Debentures/

year.

period

the

the

principal

such

.

at

before

or

1%-for

through

or

redemption

over

$526,783

$561,402

for

three-year

to

their

during

on

each

COMPANY—Incoi-porated

_________

$541,348

for divs...

Bftl.. avail,

cash

in

equal

year

fiscal

'

'

*

of

calendar

preceding

1950, $9 after Jan. 1,
1; 1952, $10 after Jan. 1,
1952 and
$11 after Jan. 1, 1954;
<

$1,040,613

$1,079,965

503,708

income

Net

.

Interest

at

time

before

Other deductions

1960;

company
any

1,179,191

and

1,130,668

1,021,014

%'

5

for

Convertible

$3,077,532

of

1%

notice

$3,243,2o8

$3^22,883 r. $3,445,473

Oper., maint. & retire.
or
depreciation
All Fed.

•-/

1942

*

lieu

amounting

premiums

1943

.:'•••

each
next

not exceeding principal amount thereof. Sinking fund money y
applied to purchase or redemption of debentures. /.(%•'•>.
at the option of the company as a whole or in part at
time on 30 days' notice at principal amount and accrued interest

like

12 Mos. End. Nov. 30—

in
for

Redeemable

'

"Deficit.—V, 163, p. 72.

in

-Sinking fund commencing

$500.

be

$1,848,904
516,812

$1,201,541

*$1,476,735

——-

and

income

manufacture

Since

company
to

income

Total

Our ownership of Ladel makes if
possible for us
complete line of conveyors jn our
pwn plants,
' mour
fiscal' year, our
commitment', to buy 53,800
shares of capital stock of Sullivan
Machinery Co, from The Adams
Express Co. and from American
International Corp.
at $31 50 per
share has been cancelled
by mutual consent and the application
pend¬
ing before ".the Securities' and
Exchange- Commission for an order of
exemption to permit this purchase has been
withdrawn; /. ;;' '■
\
v /
to

issuable

payments

net

deposited

be

may

office

Monday, February 18r 1946 ' -'f

Philadelphia,-Ohio.

.

Jan.-1,- 19G1.; Principal and interest (J-J)
of Old Colony Trust Co.,. Boston, Mass.,
in fully registered form only in denomi¬

due

principal

nations >of

.

"$102,170 *$1,012,179
1,303,711
42,405

oper.-income. .*$1,483,568

ry.

1946*

Debentures

consolidated

1

■

Jan.

at

trustee.

'$701,089 ' $2,565,643

•

70,461

Dated

payable

./.,

Offered—Car¬

Inc., Boston, on/Jari.SQoffered $295,000 155y4% convertible debentures
100 and interest.

year

/

Inc.-—Debentures

& Co.,,

ver

$1,374,165 $16,392,134 $16,281,505
1,332,495
17,093,223
13,<15,862?

$1,356,078'

Ry.

Automatics,

Johnson

■

1945~^

FINANCIAL CHRONICLE

&

1.132,422

tti'i

^

j
il

£•

$1,844,449

_

163,601
subsidiaries. Johnson Automatics' Manufacturing Co.
SHEET, DEC. 31, 1945
(Jamco), a Delaware corporation which is a wholly owned subsidiary,
Total income
plant, $25,117,871; investments and fund accounts,
and Latisteel, Inc. a California corporation 70% of the stock of which
$2,008,051
Interest expense
$9 413'
-'
Cash,
$1,212,980;
U. S.
Government'■ securities, $1,550,000; /?/• is owned by the
32.576
company.
The types of businesses engaged in by the
Federal/normal tax and surtax
accounts receivable, $346,325; materials and supplies, $127,486; special
company through Jamco on the one hand and Latisteel on the other
349,700
Federal excess profits tax^-—
'
*
deposits,
$269,325;
postwar refund of Federal excess
profits tax,
i.
•
are
863 300
substantially - different.
w, „
1
State income tax
$48,700; prepayments,
$13,429; unamortized debt discount and ex¬
ZZ..ZZ
To'ooo
The
company
through its subsidiary' Jamco is enea^ed in
the
pense, $697,550; miscellaneous suspense, $11,582; total, $29,404,661.
Net income
development, manufacture and sale of firearms." In addition to the
,v
LIABILITIES—Long-term debt, $15,425,000; common stock, $4,000,+
$687,475
research and development work for the United States Ordnance De-,
Previous earned surplus
000; 5%
cumulative preferred stock. $1,054,900; consumers deposits, ,
Z_Z"_ZZZZZZZZZZZ
2,695,052
partment it has since V-J Day'been engaged in the. conversion of its
$i21 570; matured interest, $253,690; taxes accrued, $1,038,942; interest
facilities to peacetime work
through its custom gun department, in
Total surplus
accrued, $26,231; other current and accrued liabilities, $118,030; de$3 3
the, production of rifle' barrels in jsporting calibers and in the de-/ •.Deduct
refund .to the U» S. -Government
ferred credits, $239,847; contributions in aid of construction, $2,591,842;
pursuant to
re:
velopment, preparation Tor. and production of allied and related items.'
negotiation agreement for the year ended
reserve
for
depreciation, $2,006,857; other reserves, $26,254;
earned '■
Sept. 30, 1944,
in- excess
of
amount
Lpng before the termination of .hostilities the management
previously provided, less income
felt
surplus, $2,501,497; total, $29,404,661.—V. 163, p. 311.
Previously provided,; less income
that it was desirable to acquire an interest in an
taxes applicaWe there °__
\
enterprise having
vf 29,950
Cash dividends paid ($1
possibilities of peacetime development and entirely divorced lrom the "
per share)
424,100
>
International
Telephone & Telegraph Corp.—More
production and development -of firearms and related items.
To this
end the company was successful in
Balance. Sept 30 1945
Phones Placed in Operation by Subsidiaries—
s'
obtaining during the late Summer
-

BALANCE

ASSETS—Utility

...—

_

,

„

—

-

,

•

.

Ll

.

"$2,928,478

.

of

/(

corporation reported

The

subsidiaries

gain

of

in

that its telephone

13

countries

had

obtaining

war in

gentina

the

the

exclusive

ownership

sublicensed

license

of

thereunder.

5 'A %

Chile, Cuba,' Mexico, Peru and Puerto Rico. . These
reported a backlog of 166,000 applications for service at

Brazil'

fCcmmon

the

the

stock

-

*

1

f

NOTE—Included
are

:

,

..

$295,000

..

BOO,000 shs.

,

for

1945,

'

'

;/f//

reductions

440,000 shs.

seized -the

Japanese

in

system

Dec.

1941,

amended

back in service.
This
Government Communication Ad¬
are

to

ixrcrease

Bank

the

on

last

Shares,

Group

A-like-amount

28.

year.—V.

163,

payable

31

holders

to

March

on

of

31: and

-

construction

record

:.

in

Sept.. 30,

New

of

of

acquisition

The

the

1st

15

have

directors
and

cents

2nd

declared

preferred

share

per

Co.—Dividend Increased—

the

on

the

stocks,

and

a-

working

j

--,i*

.•

t*

i,

<•

'—

'

1

-

The

of ' record

stock

copimon

March'

20.'-

heretjiore

new

,

of. 10 cents per share

since

Jnly

J;

been

quarterly
dividend
all payable April 1

of //

plant-at

of

1942.

balance,, it/is

; 1945

i1.-. //■;/

C^ptwatihg

Li:—

Provision
Taxes

for

other

Federal

3,050.361
•*-;

*

—

;

Warwick,

Rhode

Island

elsewhere ',

>or

anticipated,

will

be

used

for

depreciation..—.—_
.

and

excess

INCOME

STATEMENT

OCT.

"

r

•

...—i

11' MONTHS

ENDED

earnings from operations..

Other

income

(net)

$1,229,683

44,118

Amortization
Interest

of

593.702

Net

$667,070

unfunded

on

expense

11,386.

12,001

Crl9,798

income

S634.043

preferred stocks

on

Balance

"The
with

has

original

began

amortize

to

$0.72

utility

contingencies

reserve

refund

$52,076;

U.

f

$50,327;

total,

$734,776.

PeriodEnd. Dec. 31—

p.

/

!|||

f

shares

Feb.

is offering
1946,

21.

the new stock to

at

held,.;

the

rate

oi

one

its

common

share

new

'

.

/

•

;

\

*•'•

/Est.

,

business,

'

■■/

."*"-//

-•

The

underwriting group i? headed by McDonald & Co., and the Ohio /:
Co.—V; 161. p. 880. '
'

Jewel Tea

-

Four Weeks Ended Jan. 26—

Retail
—V.

sales

163,

p.

1946

781.

'

•

$4,573,299

;«./

■

2,385,005
732,225

1,942,143

-

Z

/

>(

and

Federal

tions,

Cr3,367,000
$2,367,774
,

-.

$2,488,629

$0.90:

$8,082,082

$1.10

$2.91

to reflect accelerated amortization,
taxesi/ tAfter deducting all expenses

including

■

provision
163, p. 312.

J.

D.

A.

the

In

Morrow,
Spring

of

$1,000,000

completed

states:.

all

of

our

Mutual Life Insurance

Co.—Two New

;*•; - "

"

John
board
V

'in

.

M.

of

Hancock

directors/

Hancock is

' ;.M.

a

and

Charles

J.

Dim an

have

(I'm

v

elected
•.

.

to

'>t

the
-

-

partner of Lehman "Bros.,, bankers, which he Joined

'•

*

;

•

.....

'

—.

£(11

(

Diman

his

has

business

been

life.

associated
He

with

the

Job-.

was

Secretary • of
year/, was elected a ""^cond Y'.:e-President in 19/
Pre*'-::cnt since 1937.
V. 163, > 194.




Hancock

he

company

<>nd has

.

;

company

for

23

been Vice-

to

increase

were

regular

•

•

*

:

;

$7,966,663
$344

retroactive

C-r
M«nu.

we

(ring

Co.

.

incident

director of

was

i

dealer

Cliicaffo—Stocks

./
war

•

..

to

in

"'0

'acquisition

■"ay., has

Offered—As

■

1

men¬

& Co.,

,

"

.

?

but

we

an.

of

/;'
Ladel

excellent

•

*■*'

plant

at

are

Double

8,000

over

Kay Nut^

premises
under

a

three

■<

nut

complete

containing 57.000
lease

expiring

plants/one

salting

feet" of

square

April

30,

1948,

usable

at

at

floor

rental

a

of

in

public

a

warehouse

located

in

Minneapolis,

Minn.

$110

the

the

RSK

of

of

Corp.

all

The

Bank,

Chicago,

public

5%

interest.
of

debt.

unsecured

1946,

and

company

6Va%

non-cumulative

-

offering

of

,

Of

this

the

debt

remainder

and

the

cumulative

be

equal
notes

second

a

plan

prior

-

•

-

aggregate
the

of

shares

approximately

follows:

principal

company,

$200,000

to

Harris

the

to

ex¬

will

be

of

recapitalization
the

presently
shares

applied

of
to

and

;Savings
$384,245 will be
'
1
'

of

preferred

reduction

Trust

of

holders

common

..

amount,

short-term

the

of

investment

.

company
and
the

shares

p.rice'/^ill
as

the

to

18,183

approximately
to reduce the company's obligations to banks.

standing

and

proceeds
preferred

sale

approximately. $584,245

CAPITALIZATION—Under
16,

the

retirement

outstanding

bank

an

net

cumulative

from

proceeds will be applied

balance

retire

-6%

and

the

at
the

accrued

short-term

used

17,000

shares,

to

that "the

estimated

of

Such net

$74,105

clusive

(2)

is

sale

common

amount

could

New

operates

in

center

of

(1)

*'•

Conveyor

there

present

Peanut

$658,350.

/•■■

■

At

1

PURPOSE—It

1944.

to

contracts

•

d1

';

1%

28,'Kebbon, McCormiek

1

/*

opera-

''

at

rental

opera¬

contingencies

use.

Thr

and

finished

their

comp'e't

1945,

per
month.
The approximate
total, capacity of all
salting plants of the company and its'subsidiaries ds 650,000 pounds of
product per 40-hour week,
,/
;:
U

wages,

mining

unmedlp'!'

to

Co., a wholly owned subsidiary, operates a nut salting
Albany, Ga„ in premises containing 15,000 square feet of
usable floor space occupied under a lease
expiring Feb. 29, 1948, at a

deliveries to us.
However, the shipments of
machinery and parts increased approximately
$1,000,000 over the preceding year. *'•'.
Just prior to the close of our fiscal year we acquired the
plant and
production facilities of the Arms-Franklin Corp.; at. Franklin.
This
plant h»". '^proximately 68,000 sq. ft. of productive floor space arfel is
equip ' *
machine tools and other production equipment which
our

been

1941

issue of Jan.

stores.

111.,

tribution
Miller

1,855,000

Immediately
increase shipments of
our
own
products because
/certain of our suppliers still had urgent war contracts to fill and were
unable

Directors Elected—
*

.,

1

private service warehouse at Boston, Mass., In premises
containing
6,800 squaie feet of usabler floor space occupied under a lease
expiring
May 30, 1948, at a rental of $250 per month, and maintains a. dis¬

1

for

-......

'CZ

163,

Francisco, Calif., in premises containing 13,100 square feet of usable
floor space occupied under a lease expiring
Aug. 31, 1946, at a rental
/ of $200 per month (with an option to extend the term to Aug. .31,
1948, at a rental of $225 per month), (In addition, it operates a

not

John Hancock

from

our

occupied

from

President,

we

$10,558,046.—V.

■

$2,025 per month; another at Passaic, N. J., in premises
containing
■31,500 square feet of usable floor space occupied under leases
expiring
/'Nov. 30,
1946,
at; a rental of $850 per month;- the other at
San,

/
.

*

1935^ to 194L—V; 163, p. 465.

company

Chicago,

44,000

'

surplus,;

total,

,

offices are

space

•5,561,006

'

shares /'

1

tin-

and

located at 365 East Illinois
St., Chicago 11, III., was incor->,.r
in Illinois in 1924. (• Company and its subsidiaries are
prino
Cipally engaged in the purchasing, processing and marketing of salted
nuts.
Company's products are sold under the nationally advertised
trademark,
"Double Kay,"
through Double Kay Nut Shops located
'
/Viit retail stores throughout the nation, most of which are drug or
:

f

•

,

CrB 324,000

________

on

taxes

for

,

,

(iporated

/•"(;/_////'••'■/. ' /'Z.Li./
refunda^ (nr/.////;/';(//-

Net income
Earned per com,

// "Adjusted

deposits

deductions

1

$270,610;

associates,

plant

.

$943,653;

3

"

expe"scs;

pw'd-

^

of-

and

V; Joy Manufacturing Co.—Annual
Report—

1945

—$5,539,624

v

——

prov. &

/Loss.—V.

Co., Inc.—Current Sales Up 21.1%—

accruals

amounts

Z-,

.

.

■

4,618,431

237,674

quarters

3.155

Davey, has been appointed as Assistant
Treasurer.. For 17
Chrysler Coip.; Mr. Davey- was executive
assistant on the

from

/// The

$4,663,290 $26,986,568 $30,301,856

—

of

>

payroll

liabilities,

Shops in use.

$9,821,663

Charges

est. refundable amis.

plan,

on Jan. 24 offered 17,000 shares of 6% "
^1
preferred stock at par ($20) and dividend r )«
arid 34,000 common shares
($3 par) at $6 per share.
In addition 10,000 common shares are
being sold to the
(;■/'•!
underwriters for investment at $5.50
per share and are ^
not included in the initial
public offering.

■

2,385,005

prior

compensation

with

/' department

-1945—12 Mos.—*1944

6,854,335
'
983,536

Adj.

stockholdersf:
each five /

for

1
" '
from the Sale will be used to discharge/ so far as they S
may reach, of bank loans owing by the company as of Feb. 1, 1946. in .;;
the aggregate amount of $1,200,000.
It is the intention of the company to pay off the balance of the bank loans in the normal course/;

(& Subs.) —Earnings—

1945—3 Mos.*1944

taxes.'

The proceeds

of

receiv-

*

Fed, taxes
taxes-/".$$6,956,-226' t$3,072;371:X$4,715,082
inc. & exc. profits
""

Fed.

The company on Feb, 11, filed a registration statement with the SEC /
/for 33,153 shares of common stock, (no par).
" ' ''*•*•;/
company

$593 839"

other

cumulative

.

16,153,045

Interest

653.

Jaeger Machine Co.—Registers With SEC—

record

40,000

-

14,433.565

'Inc.' def.

The

j.

earned

„

of

losses

year

$22,109; accrued expenses, $28,819;
subsidiary, $11,507; capital stock, $44,000; capital
surplus, $214,845; total, $734,776.—V. 162,

in

$413,498;

$233,374;

surplus, -,$2,928,478;

Kelling Nut Co.,.

Treasury bonds, $100,373; post war
$25,448; accounts receivable, $91,122; inventories, $173,assets, $63,797;: property, plant and equipment (after re¬
$25,695), $54,240; patent rights less amortization, $124,337;

Jones & Laughlin Steel Corp.

/

acquisition
proposed by ' the

approval by said Regulatory Commission.—V, 163,

I

1945

banks,

on

*

A,

arid

S.

adjustment account in
tTotal earnings
with
the
$2,371,704
plan
company
in. its report
Deprec., depl. & amort."
*
Regulatory Commission, and the company has been advised /
that
in
reports filed with.: the
Commission
;
of war emerg. facil...
2,235,921
it
will
be
required
to
amort,
of
classify
this
amount/ under
''other
deductions."
Such
reclassifi-'•/ .Accelerated
war
cation of property and amortization program are'
emergency facil..
C,854,335
subject to review /,
and

earned

tioned in

60,000

current

on

the

to

based

treasurer's staff

4,243 /

$52,827

minoiity interest

plant

accordance

v

^$152,627/

"

•

S0.76

com. stk, >

its property accounts in accordance
recently completed and
in
May,
1945,

study

"

losS

incentive

•

payable/ /trade,

accrued

194.-

.years

3.764

;

$315,116

reclassified

cost

30,

in

$157,070

LIABILITIES—Accounts payable,

.

334,903

$299,145

company

an

of

charges,

surplus,

Earnings per share (412,000 shares of

$160,634

bonds,
of

serves

$650,019,

334,903

SEPT.

deposits

(net).. $1,889,105:

Kaiser-Frazer Corp.—New Official—

other*

del erred

Net

p.

CONSOLIDATED BALANCE SHEET OCT.,31,.1945

-

refund

Cr966

-

I

;

provision for Federal1
income and for renegotiation
refund, $1517;common stock,1,000,000 shares (par, $1) $484,100; paid-in
taxes

$4,145,466;

,

10,157

loss

'

056;

113.206

Interest charged to construction.......

State

11,163

—

J

/ASSETS—Cash,

(

' 11,459 /

9.382

debt

'-

".162.551

(net).—

Estimated Federal tax

;;

598.802

^Amortiz. of utility plant acquisil ion adjustm'ts

Dividends accrued
ted

expenses.

operations

consolidated

,

discount and

debt

selling

Minority: interest loss

$1,271,315

Interest on long-term debt

SHEET,

demand

trade

under

contracts,

and

•/.:

41,632

$1,341,927

^Net earnings

sales

bonds, $34,459;

,

Net

';

and

receivable,

LIABILITIES—Accounts

-

lions

.826,217

$1,297,809

,

and

patents

from

Restoration

Net

hand

on

accounts

completed

644,932 ;;

loss

Net

:

723,164

613,558

1
>

-

4.-.^ 'K 907"

31,. 1945^

sold

of

Other/income

(/;

,325,510

633,527

-

goods

Net:-,Joss

$6,545,500.

taxes—684,036 /
profits taxes-.—940,129

.

^

additional

Research, and development expense

/

,..2,827.369

.

and

M.

-361,790

_

of $7,496)
resulting from
Sept. 29, 1945. have been

end

contr>ct' ■$16;o"(,:

.

-1944

than Federal: income

income

'

,,

•

Z—1 $5,967,658-

revenue >1,1

Operation

Maintenance

:

cf

Amortization

SlJJS $1

,

'

BALANCE

employees

:

r

-rl

'^INCOME STATEMENT FOR 12 MONTHS ENDED-DEC.
(Subsidiary company not consolidated herein)

•->;
,

amount

/L'

for

less

years

shares, at cost, $71,193; investment in capital stock of Sullivan Ma•/>
chinery Co.. 67,452 shares, at cost,
$2,317,437;/property, - plant and /h
equipment, .at cast (after reserves for depreciation of
$446^96J)I $766,561;
patents
(after reserve for
amortization
of
$14,890), $65 612* Z

y

capital.

dividends// General, administrative

quarterly

net

(a

allowances

prior

..

/'*

part fbr the expansion of the present; Latisteel
plant
at,; Pasadena,^ Calif, ^and in part for the
this plant "upon which' the company already has an

•Sales.

to

Cost

paying

ASSETS—Cash

in

CONSOLIDATED

//'"/i /H//

has

property, plant
facilities and

applicable; to

'

notes

from.

•

.

stockholders

CONSOLIDATED

war

on///

quarterly

stock,

;

dividends

regular

common

«

of

Also, -increased

facilities

taxes

.

emergency

patents,

emergency

income

of

$i.42

foregoing statement

depreciation

amortization

of

the

option.; The

Iowa Public Service

:

a

England,

facilities

311.

p.

stock

common

for

for

the

.

mated

per share has been declared

March

disbursed

was

authorized

$56,883

$105,861

in

expenses

shortening the amortization period to
charged against miscellaneous income,

PURFOSE—It is presently.contemplated that the net proceeds Testi¬
at $276,475)
will in part be used to help defray the cost of

Institutional Securities, Ltd.—Distribution—

Feb.

of,

600,000 shares, and 142,857 shares of common stock
42,142-shares of common stock reserved for issuance upon
of present, issue)
will be - reserved for • conversion' of. the

(including
.conversion

debentures.

f.:*A semi-annual distribution,.of 2% .cents

amount

in

•

and

440,000 shares to

unit was recovered by the Chinese
ministration and returned to I. T. & T. control and management short¬
ly alter the Japanese surrender.—V. 163. p. 653.

f

the

costs

amortization

amortization/ of

"The

'

-

-

in

aggregating

equipment,

f

^Outstanding

remaining $705,000 of debentures authorized by the indenture
The Shanghai Telephone Co,, I. T. & T. unit which serves the In- ^ are reserved for issuance.by the company subject to certain restrictions
in the indenture, from time to time, for its
ternational Settlement of Shanghai, China, reported that approximately
proper corporate purposes.!
;
fSiiice Oct. 31,
1945, ! the certificate
of
91.000 of the 93,700 telephones which were in operation
when the
.
incorporation
has been;;

(the end of

charges

-

and

;

PRESENT FINANCING

*$1,000,000

10c)

(par

Earned per capital share..-;...

Patents

which was

Inc.

Authorized

convertible- debentures.

stock

Latisteel,

GIVING EFFECT TO
*

Latisteel

so-called

of

' /

^

;

•

15-year

under

70%,, of

CAPITALIZATION

^

telephone equipment.
At the year-end, the ten I. T. & T. associated //
companies in Latin America were serving 859,938 telephones in Ar- ■■/>:

-companies

1945

and

net •>

despite the; con-y :'.

difficulties

of

operating

aggregate

an

telephones in/ service during -1945,
experienced throughout the

27,433

tinuance

on Feb.
American

Latin

seven

"
<.',

ve

Jan.

-/id

e

issu
and

out¬

(he

7%

preferred shares, adopted a plan of lecpitali*
•zation purst"r,T
io which the following-exchanges wPl b
.effected:
(1) 483 6V4%
cumulative prior preferred
chares will br;
changed

I

"

-Volume 163

-Number 4465

THE COMMERCIAL & FINANCIAL CHRONICLE

905

"

for.

6'A. cumulative

2,600

APl'ior preferred

shares

/ and

2,000

T/b '

for

33,334

(3 )

exchanged
•

As

part

of

reclassified

The

:

preferred shares;

will

be

of

such

after

and

; amount of 5%

to:

giving

(1)

investment

,'17,000-6<A -cumulative

notes;

common shares ($3
44,000 common shares

/by the underwriters

-

of

shares

offered-(10,000

Kebbon,

The

:

the

TO

in

her

owns,

prior

additional

contract

.the

6/

new

S.

McCormick

which

preferred

she

all

of

U

1 c

»

of

9,900

exchange said

such

v

-

t

I-.-

,

„

//

be

2,600

..i

»

■

;

all

for

redemption

said, stock

of

Feb.

on

the

April

on

profit,—//—

D.

will

25

assets

all

certificates.

.

upon

.

,

Its

of

to

sell

business

Net

V

12.6"c,

Prov.

for

doubtful' sects———

,4,976

*

"

''

'

"

1045

1944' -•■//

;/

15,875,826

$116,759
Other income.
*

»:

**'

>

t\Total

/

* zt

i

f- ^,

,

share—i—:—

"

/

5,643,418
$3.07

^

;,;?4,0°6

Excess profits taxes
;
'
Post-war credit ———u——-

49,345

—

136.422

;

Cri~315

'

/ 261,817

Public

two-thirds of La Consolidada's sales
one-third
business.,> Only

the

Railways—ordinarily

$104,801

Structure—

Change

sales.

Capital

for

Plan

a

recasting

The
plan
through 'the following
cmpany;-'

would

with

corporate .structure

consummated,

the

Other
Ford

Lake

leading

Motors.
•

>

wire

copper

of

t
a.

divided-into

S650.000

*«

.

/

ap¬

50 000

share

to

/I

'

.

holders

1945

Shares

the

on

were

Dec.

com¬

29,

no-pnr value, and to eliminate Kewanee's preferred stock,
(?) Issuance of the new,common: stock to
the.puhlie preferred stocks
holders and to North .American in such
proportion as to distribute

RetMnar

(3)

proceeds

of

the

of

$600,009

t0

y»ivb>.

to

^lining:

Kh kland Lake Cold

scld

at

customers

American

include

Smelting

is

as

a

company—The
10/

of La

General'

and

/

National

'

''

Non-operating income

rate

of

Feb. 9 declared
$20,

par

5%

record

Feb.

Total, income

and
-

Dec.

Dividend

30 cents each;

1,

Oper., develop., and gen.
Administrative expense

expense—-

Vi. 1

)} ^
}Operating profit
//vA

on: notes

normal

$l,0O5.790
.762,340-

•

760,510

20,194;

,

Federal excess

7,440/

Net

700,605

"

-21,376:

.

22,26^

-

$31",257

$282,954
166.052

-

y

'

*/■;./*

75,273

■

62,292

;

"""

taxes

*■.*■

11».i—

assets

(net),

,

-

—

$5,232,155;

prepaid

insurance

-

LIABILITIES—Capital

stock

$28,423;

accounts

pavable.

and

account,

$472,086;

loss

(par

$1),

$15,288:

total,

$5,326,699;

reserve

for

Cost

pre¬

...

1,;

161,

shares

-

——

/(> / •;.

1946

Years End. Dec. 31
Gross

profit

from

1945 /

/

sales

$957,538

Sell., adm. and gen. exps.

408,313

$4.92

ties,

■

305,558

183,552

246,880

202,827

$1,258,239

$1,228,266

$1,024,250

$774,814

127,364.

120,888

// 41,671
767,900

;

—

$563,536

/;/

•/"Net profit from

——„r_'—:'$73,551

stk.

cap.

($10
—J

and

/ Net

profit

Preferred

State income

tax

$2.42

SHEET, OCT. ,31, .1945

prepaid

materials

$573,012

divs.

$272,944

.

Cash

$450,547

Excess

unamortized taxes, $48,78 ,
$17,707; leasehold improvement/

supplies,

$131,969;

provision

"

:

Federal

64,481

202,877 /

113,364

>;

BALANCE

..

.

Government

,

receivable

taxes

year,jvif

.

,.$170,308

$134,074
yj.

v

$167,749
'/*/ 255

79.981

//

in &

Property,

$132,248

'.;./•■

••

..86,308

r

V,.,

.

SEPT.
".

•

■■;■.

of

that

Atlas

is

Corp.

has

Autocar
to

purchased

f

'

1,300,955

3,405,175
/ 122,502 ;

40,000

Government—Postwar refund of

plant

and

—_-_o.

deferred

charges

—^

329,81?3

•*

equipment. (net)——— -J.' 1,423,220

and

expenses

.

com.

After, depreciation

1943, $5,296 in 1942,

.

/

".•V-;-

ASSETS—Cash

(after reserve
factories and
finished

$43,091

on

;-■■:'•/

81.531

$i.6i //

13,149 in 1945. $12,938
tYear ended Dec. 30.
^

in

hand, and in banks,

$85,000;

;

1944,

$8,570

/:

profits

tax

accounts

at .cost

Havana

or

market,

whichever

lower,

receivable;1

t

.

to

33,523

,

'.t-;/.

■„

,—„

($10

//—;^./

y..

//

>•

1944.:

.

$150,608
$1.0(1

in

20

Feb.
7
announced that the directors have
dividend* until final figures, for:the fiscal^ year

1945

of

10

as

were

cents;

each.—V.

cents

determined."
Feb. 28,

have been

1945.

follows:

/
a

and May 31, Aug. 31
161,

p.

,

quarterly of 20 cents
and Nov. 30, quarter¬

2819.

3Sv

The

issue

/

■>

282,254

220.000

1946,

Ry.—Proposed Refinancing—

its $.658,000 first .mortgage 5s of

to an

according

a

Commission.

The

aplication tiled

company

has

;f

102"

1959 at

with the In.erstate

applied

authority

for

to

has been
163, p. 73

10-year 2V2-'/f instalment note for $675,000 which it
by the Boatmen's National Bank of St. Louis, Mo.—V,

Lithomat Corp.—Proposes

1,087,037

2,044,102-.'

1,

yjjtjf • v/j ■'••,/1/-'",1:.// /;/.//:// "'.';J"/"'. !•/'•'"/'/ '•

1,131,000

268,093

;

will call

company

May

A1./'// "V/

v

'ji?"

•/

$2,500,000

—•—_/:/
413/04

-•,//■.-

«

^

income—'—-—1,410,829 \
122,748
par)
/
/ 1,200,000 / 1,200,000
_j:_—-v-i.

surplus

of

28,

extra

Commerce

/

$8,255,978

on

surplus

1945

$147.838,.:
$0.98

Corp.--pividend Action' Deferred—
011
• a

Litchfield & Madison
on

30,761
^

$1,000,000

renegotiation.*
«

taxes

Stock

lies

;

1

,

1'/.

banks

expenses

for

an

offered

Government—1944
payable—trade

Capital
Earned

trade

$1,928,999;. duty

$53,227;..investments,. $26,684;




'• v.,

S.

Capital

bonds/

,i.

re/
--i!i

A

special

take action

meeting
on

a

of

Stock Split-Up—

'//P'///'^-/

stockholders has been called for Feb.' 15, to
capital stock on a five-for-one basis.

plan to split the

It Is

1,71-2,939

proposed to change the .pais'value of * the presently authorized
36,000 shares from $1 to no par, and to issue fije new-.tto par shared
for each share of $1 par stock,
.//
/ r
•The stockholders'are 'also' asked to approve-an ihcr(;ase in the new

'' *—'•

stcck

' -. 220,000

a,,

—

•

Jobacco in .bond,. $107,793; .inventories

.stamps,

U.

Provision

///■

refund

payable

to

Accrued

$210,067; U. S. Treas. ctfs. of

excess

.

$6,556,728

Accounts

in

^

and

1,196;846

1

LIABILITIES—
Due

/////y

/.

.

Total

Notes

■$1.47

l

SHEET, DEC. 31, 1945

for leaf Tobacco.'$60,000;

revenue

//

82,731

$1.62

for discounts,, $5,966),, $294,003; inventories, tobacco in
in domestic and Cuban
warehouses, work in process and

cigars;

advanced

011

79.731

$1.92 •;/',

of

due .1946,

advance

labels'and

$81,186 t

v.

83,397

r

! BALANCE'

indebtedness,$12,107;

$54,093

outstaijdjn^.,!'jl

(no
par)—
Earnings per share—;—
*

/;■

**

./

/

/„1

,

v-. ;

Prepaid

Feb.

Payments

24,922

3,451,165

Lister-Blackstone, Inc.-

ad.litional
This•:
Atlas

an

',
common-stcck

>

,

(The) Lionel
The
corporation
deferred action. on

'•

/$90,827

io
Shs.

Liberty

from

Net profit after charges and taxes-—•
Earned per share on'150;407 "common shares-*
—V. 162, p. 2274,,

$1,039,868

Lister-Blackstone, Inc.— '/••'■'"••"/•5,48'i

advances to

''/:

'

Co. 5/
convertible pre e"?ed stock.
the option granted by Liberty when

-

ending

_i__

surp.u.s,

■/':•"■

pursuant

'- 1944 '

■'.

721,735

Patents

900

88,257:

;

805/35
j.;■

ekrned

30

1945

$720,434

—„—

liabili¬

$767,900; capital

Liberty Fabrics of New York, Inc;—Earnings-—

$1.39

securities

'/•:. excess profits taxes

(caf^/am
If/ ..,,-79,481

SHEET
•:

.

_—/—___

accrued

$69,977;
income,

on

■

$166,223

■

$0.28

receivable

*

—

Due from U. S.

94,301

-.

hand

on

accounts

Inventories
Invest,

299,196

j.;u? ■;/

M

.

payable,

accounts

for

Liberty's holdings- of'200,000 sharas"-of-Autocar
unaffected by thero sales.—rV. 162: p. 3194/

profits tax refund bonds

Accounts

1 $291,029

79,922

States

Customers'

18,085

.•.

banks and

in

/United

'

•/ 78,227

dividends.—/

Common

/'•' ASSETS—

363,842

$325,665

103,508 /-

COMPARATIVE

$636,786

23,134

..

$33,494

—>/^.

•

and

expenses

and

of

38,100

1942

$427,413

33,067

"

•

/'

'

*

-

$725,317; land, $2,667,084; salt ponds and appurtenances, build¬
eauipment (net after provision of $1,159,945 for deprecia¬

transaction

460,800

v

3,000

:i (> vv;'

eash and cash items, $772,870; U. S. obligations;
$348,851; inventories, $453,500; invest¬

main

18,298

20,500

,

33^^^$72,907

/233.040 '^^1233.040
/ $2.46
$2.46

^91306 ^ * 233/040*

purchased the original 20.000 share block> in December,
The sale of the two blocks of Autocar preferred represents epproxmately $1,000,000 for Liberty, which had received the shares as divi¬

11,046

■/ 6,082 '

v—

'——/—

Net profit

excess

■

for

$292,597

23,792

/ profits taxes___—

/.//;!

'

1943 "

$107,9

receivable.

accounts

$1,681,068;

nounced

$694,467

10,475

Earned, per share

$834,981 >.
*■".,' 407,568'.';

501,036

/: 466,080

/l$97,456;

'/ $1.98''

20.000 ^shares
■>

-V-

20,182

Federal income taxes
,

'

'

■/, Gross income——
Charges against income
income

$704,605

'/-- 412,008

$549,220 >

sales

Other income——.—^

Fed.

r'?

466.080

495,210

$8Q,82l:

$573,943

Oliver H.

$674,285

■•'

305,160

$574,013

Liberty Aircraft Products Corp.~-Sells Autocar Pfd.-r*
Pavrie. Chairman of the board of /he cortJoratioh h^s 'na-

'

66,000

7,584

■■■

$926,754
47,652

.

567,028

716,167

$5*76,031

;•

151,930

173,900

,

$1,349,154
$1,198,150
69,452 '
57,109 '

$1,385,603

income;

>

.

183,315?
■•;->;i::v:'-V.

$65,967

deductions

/280,024

298,381

.

stock ($10),
$2,913*000; capital surplus, $2,708,414;.
$631,477; total, $7,222,737.—V. 161, p.,881.,
,

4,186,859

171,882
:•

/

238,551

315,10/
:

and

:.:•/./

>-6,000

1,519,793

LIABILITIES—$969,847;

.

$5,110,459

1,470,259

1942

$2,777,453

-

'

tax__A_

paid—

maintenance

120,000

•

1943

$7,552;:; total/ $7,222*737.

Dec. 22, M5 Dec. 23, '44

etc?—

/:

1,610,344

/1
/AL ANCE

ings

120,000

\

from

income

of

tion),

122,259

$4.01

Interest

:

//'■ tl944 //

/

>

$3,187,028

——

profit-

ments,

96,681"

$1,714,108

income

dends.

Inc,—Earnings

;

1,750,550

Calendar Years—

(D. Emil) Klein Co,,

Increase
$025,117

1945
$2,905,807

1,888,781

exps,,.

"^XSPETS—$^,075,2^11;

$591,590

—_i__„__

sales

expenses,

Total

profit

V

t1 •'

v-' ' 1

.•

1944

oper.

$500,000;

1,533;268

150,000
120.000

—

share

/.

of

Other

1318..

-•

,

//v//-/: •'■?/,.://• /•'■• '■.''

■

;

$49,060;

p.

I-

$3,460,749

expenses-/.
admin,

par)-*

../

$481,163

Operating profit
Other Income -

wages-payable,

taxes,

$5,891,562.—V.

'v*

l'f

$1), $4(9.338;
total, $4,7.,7,778.
'■: ■;.///: ?'/ 5 •'

■-/•''"•:

1945

Earnings, per share—

111,089

;

101,305"

i...—

sales

Selling

1945

total, $5,891,562.
.

Shs.

$2,454,887

79,288

116,546
1,177,909

—

r

$2,727; shares in other companies at cost less reserve. $15,891;
cash,
S325.089;
bullion. '-$44,700;* accounts receivable,
$2,110:
bonds
at cost nnd accrued interest,
$161,033; materials and supplies, $107,708;
V

,,'^i.yl •'

$1,956,211
.•

Employees retirement fund

miums.

in

$3,700,672

and

Net

1944"5

,

■

4 ASSETS—Capital

-I1'

$3,530,924

/Balance, surplus-—/-

EARNINGS FOR 12 WEEKS ENDED

213,068

SHEET AT DEC, 31,

reserves

(par

$1,183,486;
1

../'*'■•>

January—

Deductions

424,635

—-

'

Net

$207,099

213,068

stock

common

surplus,

x,t.

<

sold_^./__
warehouse* and

Federal

'*••• 848,731

——J

per

,

...»

$154,611

(after

equipment

and

PM66.-//;//./•:/-.//:/

Dividends

320,937

—i.——•

89,569

.

1

213,068

—

BALANCE

"

$177,691

—

..'(J,,. '/

-V

goods

Total

30

1,037,841

—

payable

profits tax

87.381

/•

-—

y'

'

plant

-

"

'*•

and -surtax

.

•

of

Earned

$384,049

60.292

"
-

.1945

.

Number

Net profit'
Dividends

—

*•''

profit

.■Dividends

:

•

'

for reconversion of foundries, $29,766;
$96,980; reserve for employer's liabllit** infc

/
income^
Other income.,_a__

$1,196,918

Operating pvoflt:
Federal, provincial and other taxes.

Deperciation

'V//

'

(

Federal

i./

;

/;

..

///

:

*

of

Net

and

-

sales
Selling, administrative and- general expenses.—
charges; (net) 1
—.i/—
l-

Interest

$1,064,840

'

//:///

1945

reserve

indebtedness,

handling

:

$18,711,572 $23,761,545
.ril5;396;583 /H0;033^92

State income
'»-•

no

payable to banks, $250,000; accounts pavable,
and interest, $27,963; Federal- taxes on in¬

.

sales

Gen.

par $100, both payable Mar.ch
Payments 011 the common stock in

15.

Sales-

1943

>

on

':/ •.'/•

Leslie Salt Co.—Earnings—

Stock,

"

•

$1,189,479
v

31,

OCT.

:

taxes

$1,013,836;

V"

r

Selling,

dividend of 3C. cents per jshare on
usual quarterly dividend of $1.25

a

the

and

preferred

■

Cost>;Of

r

,

propeity,

by

163,'

Cost

781/

163, p.

£0.—30-Cent

.

(Co., Ltd.—Earnings—
•

the profit:
reasonable and

be

to

required,

be

to

sales

Net

a

Miscellaneous

1944

considered

SHEET,

Ycar3 Ended Oct. 31—,

;

Westing-

large number of mining
r'//.''/'":;'//7/ :/V.•/..

follows; June .iT,Sent. 1
cents,—^V. .162,_pt 3075.

as

20

$1,086,212 .$1,053,156
9,579
•
11,684

.

accrued

Month of
Net

Consolidada's

Electric,

COMPARATIVE 'INCOME STATEMENT/YEARS ENDED SEPT.

Net

■'

•:

1945

production

interest

an

^

(

Years phded Dec. 31—

i

Bullion

be

can

..c-c'U

?,'►

through the
principal amount of new

$650,000

of

time;, however,

this

at

are

believed

BALANCE

$7,403;

(est. i,

—V.

products and
fast-growing division

Le Itol Co., West Allis, Wis.—Annual
Report—
•v.-

outstanding 6.'Abonds of the. company

issue

an

b"nHc.\vhl"hU(he management believes

and amortization of property,

oosts

/ Lane Bryant, Inc.—January Sales Rose 21.5%-—

:

-

•

'

year

is

Insurance,' $35,000;
capital surplus, $762,290; earned
—V.
161, p. 831/Z/V

.

available/eoultv: hetweeu/such'parties.

$0.70
tAftor

par).

of
$948,985>, $).,146.piO, equipment installations
$135,997; deferred charges, $17,623; total, $4,797,778.

covered

of

fairlv. the

to

amortization

possible

the

refund

assets,

long-term

■

•; The directors on
the common stock,
per

said;

l-sue of

new

($1

stock

common

depreciation

come:

Record—

a

Is

for

for

$967,118;

'

increase of

an

of -steel

are

the

of

for as hrueh

-*

.

which

customer

one

accounts

Superior District Power

its

latter

the

of

applicants

■////':

•

charter to orovide for

stated Value

a

the

be

transactions:1

.'/JI) Amending Kewancc's
-stock

27;294;

J

/ In it Joint application. North American Light & Power Co. and
subsidiary, the Kewanee Public Service Co.,^has.i requested SEC
of

.' ,;■■

■

The .company's main plant is located in Mexico
City—V.

^

proval

-

of

.

$0.85

$107,000.

charged

for

//LIABILITIES—Notes

The

approximately
iof

$265,819

Co.—To

■

year -nun.bered.

of

Provision for depreciation

refundable

progress,

in

About

house.

Service

for

this,

of

Companies.

Kewanee

•

refund

38,068

.

.

£/.

,

other

company,
leading manufacturer of steel and metal
Mexico,; reached a new record high ol' 4,600,000 pesos in
previous high was 3,403,000 pesos in July, 1945.
Sales
January/ J945. were' 2,229,000 pesos.
'/"/ "
■:

in

f "6J24

.

$43,976

j'

31,094
/

Sales

;

,

banks.;

January.

Cr26,181

Netnrofi't

163, .p. 465.

68.226*

468,280

..

'

,

$10,600,000, the 'balance dua on the company's
paid in, fuil. v At-the end of-The year no money was

was

440.338

$0.73

shares

440,338

$134,130

$372,235

$319,633

ASSETS—Cash, $1,081,829; U. S, savings notes (at cost and accrued
interest), $886,054; U. S. savings bonds held for sale to employees
(at
cost), $15,919; trade accounts' receivable and claims under ter¬
minated war production contracts (after reserve of $100,000), $706,322;
refundable taxes 011
income
arising from additional amortization of
emergency
facilities, $84,040; inventories, $716,576; investments and

$2.80

over

products

117,233
'

•'

-

be

.

Lav Consolidada, -S. A.—January Sales

/

/' $489,664

-.$945,173
>

10,333

surtax—/..

to

"/■

,

Cr96,754

'

$125,073

1

year

Shareholders; at the end of the.

/

-'

_

——

/'■•'■■/■' '// ••/?

,:•

.

Z

equipment

to

9,765,200
/5,144,399

including $19,737,033 in cash, amounted to $36,848,liabilities WerS $27,513;20"2. ' These
compare
with
$75,573,865, including $21,433,494 cash, and current
$24,898,964' a year 'earlier. / ' • /
' /'
/
;
, .

the

tOn

provision

U'

13,466
r:

•,

and

/.

860,000

——

postwar

and

$476,198

•'

.14,374

V $126,435

income

/■

$930,798

9,676

35,0Cf
150,000

of;Fed,

share

contracts

war

the previous year and the highest total dm record.w
' '
Kroger Stores in operation Dec: 30,-1945, numbered 2,730, a decrease
of 166 during
the year/": Average weekly sales per store showed an i
Increase from $2,821. in 1944 to $3,003. in 1945.—V.
163/ p. 781. •

14,373

y

income

.Other deductions-—
Normal

-

■

,

-r i .$•}

t

'

14,909,599

10,232,408

■

■

of

assets

loan,:

100

297,563

18,596

39,Of :

51,569

125,000
1:963,000

25,171

and expenses for the year
emergency
facilities.
Proceedings under the Renegotiation Act for the year ended
Oct; 31/1944/ h&ve been
completed and no refund 'of profits was
required.
Renegotiation data for the year ended Oct. 31, 1945 has
not yet been filed and no determination of the amount, if any, wli.rh

current

During

/

"

v30l;756:*

52,407

21,752

125,000

—i._"

(21

1

w'nile

bank

17,243

•

106.463

———

—

ycar___—_—_—__^—

per

amounted

Current assets,

liabilities of

$873,213

$1,385,898
-$890,457
50.014 /;
134,747-' // 102.323

'

$358,12'5

tax

overprovision

NOTES—-(11
plant

$890,949

Baking Co.—Earnings—
•

•

income.i-u-,

■

-863,

$278,212'

<

$1,467,457

tax—

&

prior

deducting

Merchandise inventories of 'the company at the end of the
year were
$42,867,852, compared with' $38,052;582 at the end of 1944, an increase

'of

,7,383,346

1' 32,047

profits

tEarnings

/_;2—457,332,640 448,381,410

Earned per common

/

4,957

$332,213
25,984

_______
;

income

Net profit -aDividends paicl

sub¬

Palais

of

:

Jiine30

'

26,571

$1,351,555

,

Federal

Excess

may

$8,256,560

$1,353,850

$1,440,886

—:

.

deductions

Reduction

-i%&&&

profit before taxes-—-.ri—2—
Federal- taxes

rental-of

on

Other
Normal

.

..

Net

1944

8,491,648

1943 ?
$598,650
266,437

$1,289,569

;

expense

■/• taxes

proposal

a

department store
163, p. 194.

C.—V.

.

vote

the

of

Sales

•

.

.

.

1944
$1,810,651
369,765

:

———

/■ ,//■/ ;
/ Total income

•

.

/;//// /.////;

Years Ended Dec.' 31-^-

-* ^
V : Vv .V *

•
-J

■

■

$9,845,498

$273,255

next,

1,

—_—$9,918,519'/$3,027,570

——

owed

mon

of

162,- p. 2944.... ; /

current

•

—V.

surrender

Kroger Grocery Ss

1945

2.015,880"

;

Selling expense
—U^/
Administrative "expense
/;

•'

called

Washington,

Sales

,

/"Gross profit from, operations——!.

/

has

»

•

■

.

61,985

profit

income

r

"Loss.

outright

Years Elided

■-

Operating

<

'Lx

Interest

of

'
«•_

$2,289,135
——

display- equipmcnt and sale of supplies—

'

,,
-J

^

.

Pyoflt

*•*

V/ •

$249,268

Other

(; • y

1.

•'

■

and June 23,

Increase

Kress & Co.—January Sales 9.9%
Higher—
Month of January—
/• /' •
;1946
,•/* 1945
/. Increase

'

for

paid

STATEMENT

July 1,'45 to

—

,.:V.:

Gross

1945

{

to

394,293

Selling & administrative expenses—

(S. H.)

a

*

,}

,

'

iCost: of goods sold———
tJ-,

.'i. y,

stockholders,

Royal,

the

into

share's for

Oct. 20, '45
sa.es

entered

y

to

shares

INCOME

1

-

has

two-year installment contracts.

-

,

;

agreed

on

'

!

;

1946 '

•

1946,

Years Ended Oct. 31—
'
../
1945
Sales,'less cost of products sold_„$1,683,862

1.7%—

///■'/*'/

She
;

and

stantially

Urbanek

shares.

to

agrees

CONSOLIDATED

.-Net

of

each

January—

313.

company

The

being

outstanding stock of which is owned, by
to purchase 18,133 common shares at
price of $G per share, of which it has agreed to
shares :Pt the same price" to eight members :of the"

•and 4,100 to be sold
t

by

2,000

increased

$10 par

Lakey Foundry & Machine Co.—Earnings—

surplus,

1891.

p.

its stock cn a 4-for-l
shares; prior to-the splitholders of record Dec.

split

company
the old

,' Payments
last year were as follows: March 17
cents each;>and Sept. 13, 50 cents.—V.T63, p. 653.

•

earned

the

share on Jan. 3,

Proposes Sale of Palais Royal in Washington, D. C.

10,500
are

the

has

/management personnel,
'

A.

The

10.500

shares

//.///.//v

cumulative preferred shares.

Kelling,

public offering
tell 14,000 cqmrnon

"|

and

Co.

PARTIES—Mae

such

•the

\*\ -if

&•

/

4,250

of

p.

sentation

10,500

4,250

for investment*.

of

Corp.,

•Robert

12,500

..

162,

$29,295;

December

25 cents per

1945.

8,
•25

outstanding 4/i> convertible first preferred stock at $110 Der share and
dividends./ Immediate payment will be made at .the Manufacturers
Trust Co., transler agent, 55 Broad
St., New York, N. Y., upon pre¬

V,

•

Com. Shs.

A

such

4,000

/.

number
■

$2,953,711.—V.

surplus,

Kresge Co.—January Sales

.t-dV.■

;.(•

capital

In

2.

was

up.

Kresge Department Stores, Inc.—Calls 4% Stock—

(Krejsa) presently
own right, 336 of the presently outstanding 6Va^
cumu¬
preferred shares and, as trustee for her two children, an

152

under

RSK

■

the

4,250

-

shares

common

SPECIAL

and

4,250

—

Co

&

by Kebbon,

SALES

—

a

44,000

.other underwriters,

lative

Co.————_

Co.u

!

210,000 shs.

Pfd, Shs,

•

-

,

March

'basis and the last diVidehd on

accounts

„——-JSl.r $14,374,227 v: $14,124,959

—

—v.. 163.

19,600 shs.

>

250,000 shs.

Company—-

above

/purchased

&

•

-

total,

Month
Sales '

;. '

-

..

$1,041,713;

pan,

(S. S.)

;

retained

•;//:/

no

$552,152;
;

Outstanding

19,600 shs/

-

par-),'

McCormick

Milwaukee

Of

being
/

:

Authorized

Bacon/!- Whipple &
Parwell, Chapman

shares,

The sale by the company of (a)
($20 par), now offered, Jb)
RSK Corp. at $6 per share, and

as an investment), is as follows:1

($3

re-

principal

(2)

to

now

of

plan

$74,105

payable, $651,117;
income, payable 1946,

payable, $157,565;
Federal
taxes
on
$299,196; other taxes and
expense's accrued, $29,274; account* payable, wholly owned subsidiary,
$18,401;
reserve
for
contingencies, ■ $175,000; common stock
(83,337

shares'

par)

;

>

foregoing

LIABILITIES—Notes

■1

Z,':t

UNDERWRITERS—The names of the underwriters
shares to be purchased, by each are as follows: ••

of

•

the

to

pfd. shs. ($20 par)—-

cum.

(after reserves for depreciation and amortization of.
$181,905),/$115,485;^ total deferred-assets--$60,345-; *total;. $2;953,711: "
/ * »> •••
'

shares/
shares,,will bo

common'

; '

redemption

'

-

Common stock
•

effect

The

preferred

/18/83

6 f*

shares. ,'

common

6 Vafr cumulative

869

14,483

preferred

plan the outstanding 128 common shares have" been
changed into 100,000 common shares (par $3).

capitalization

<

(2)
for

second,

the

and

capitalization,

■'•"/< c)

exchanged

non-cumulative

of

fixed

boxes,
assets'-

:?r-;

" r'

-

Total
•

■ •

•

—

•* •' -i* «

/-.'v,

■" '■

'>

v.

*•*•'

;/,/ $6,656,728

,

WW

*

■••*'

•*

$8,255,978

be

from

180,000

disposed" of

on

shares

stich

to .200,000

shares,

the

additional

stock

as'Ih'fr stockholders-determine

terms

at

ttf

the

w

New
r Tlie

capital
"VI

Stock to Receive 7

directors

stocky

have

(par

''c'ared

$2.50)

a

Cents—tVJ*'
rliviripnd

payable

nf

7

March'12."to
•■■

!

:r \

cents

meeeting.
•

.

f

pc*

share

holders
••••*.■•

of

.

on

t*;
the

record '

-The

to

,t.,

stockholders

provide 'for '

tcf ten

and

an

to*elect

will

alfSo

increase
an

.

Vdt'd

in

additional

.

on

an

amendment "to

number

the

of- director's-

tlirectur.—V/162,

p.

by-law/

from

2819. '

nine*

^

'ZV

"y

THE COMMERCIAL & FINANCIAL CHRONICLE

906

p I;:; •'Mnrirlav. F*hrnarv 1 ft. 1946 |
Monday, February 18, 1Q46

:V-'.''''

WV,
'

Corp.—British Contract Announced

Lockheed Aircraft
swift

five

was

Lockheed Aircraft Corp.

Manager of

The five planes,

,

;

5

Mass.,

in

connection

with

this

acquisition.

*

BOAC is« the sixth major world-airline to buy Constellations for :
runs.
Others are Air Prance, American Overseas Air¬
lines, ttt.m Royal Dutch Airlines, Pan American World Airways, and
'Transcontinental
Western Air.
The

.Under .the

has purchased the total capital stock - of the
Engineering Corp. of Los Angeles, Calif. It is planned to
merge Pacific with the Airquipment Company recently organized by
Lockheed to manufacture ground handling equipment, H. E. Ryker,
President of the new subsidiary, announced.
The
new
organization will be operated as a wholly owned sub¬
sidiary under the Airquipment name.
The new products will include
hydraulic jacks,, hoists, and service tools.—V. 163, p. 781.
corporation

Loew's, .Inc.—Annual Report—

its

and

merchandising

and to acquire
be deemed, ad¬

facilities

acquisitions

such

as

may

..

The

.

management

states

that

the

»

tends

to

increase

:v.-.:'

■.'..

>

4

Inden-

4::T'.-4

.

of

consist

'•< "

'

,

———Years Ended Dec. 31—*—*

Oct. 31,445

;

'

-

FORMA EARNINGS

Electric

revenues-

977+838

-14———

Total

$3,479,678

Operation

126,706

Depreciation—
:

"State,

local and

320,659

miscel.

,

State income taxes—
income

Federal
•

JPed. exc.

^

,

taxes

prof, tax

income

891,501

$3,224,789
1,398,887
122,189
309,914

$3,009,978
14169,713
.112,837
294,925

,

325.89764,534
205,000

__

342,825
62,151 :>•!:
56,721
205,000
/
203,000
321,567

1

.

.

$462,928"

f;

241,900
$481,40r
25,943

$474,741
11,082

$466,153
14,727

$485,823

r,

.21,886

(net)—-

354,122 $
51,979

> 203,100

|net)r ^ 438,900 \ ,! 396,500 ^ . 325^00%

Operating income----

Other

928,429

'

"

Federal taxes——-x

947,449 4

$3,418,454
1+506+425
131,667
320,402

1+535,054

——-

.Maintenance—.———:

\

.

1942 **
$2,118,477

1943
$2,296,360

1944
$2,471,006

$2,501,840

revenues--—

oper.

$480,879

K $507,344

12,118

11+085

8,732

,$469+794

$500,612

;

,

.During

the

United
to approx- K
volume, in )944 to about 27% of the total
Oper. of theatres and
.
and in .1945 .to
office buildings (incl.
'
££ ■
approximately 20% of total volume.
It is anticipated
film rental exp.48,011,731
45.134,25240,894,055, 35,458,909 5 .that the sales to the government and its agencies.in 1946 will be- im¬
material In amount.
Oper. of film distribut.
16,939,025 15,748,022
14,137,010 12,759,407
During the period of substantial sales to the
government the company maintained and expanded its selling organiza¬
Amortisation of films-i^ 56,563,109 ^49,859,667. 42,168,335
44,780,348
tion and the termination of sales to the government has not resulted
Cost of film advertising
'
■ -■■■'•
■ '
'••
in any reduction in the volume of total sales.
The company states
accessories
547,537
V4Q7,662 U 357,227 -/ ■ 514,013
v that at present it is unable to meet in full the demand for its~ prod"
Producers' share of film
:
rentals
2,686,537
2.887,121 •
4,277,235
.3,165,540
.

:ZZ£-ZZ

income

Total

-

($100

SUMMARY vOF PRO

goods' capacity through •
quisitions.
At., presentthe company is unable to-secure sufficient
supplies of grey goods to .maintain normal capacity operations at the
Rock Hill plant."
'
'

,

,cl 4.

■

the

in

contained

restrictions

:yyy

;;:T:,^ZfZZf:i;Z§l|n;Z4;44;'%-:4;4T2M6^'End.v4^t4-4-

has capacity for
of the capacity
and that it. inadditional plant ac¬

grey

the

1946.

v

of grey goods to meet approximately 21%
Rock Hill, S. C., printing and
finishing plant,

its

of

of Jan. 1,

outstanding

now

company

production

as

which may. at any one time, be. outexcept that additional bonds, will be issu-

with

the sale of bonds of 1976 series, the outstanding 30,000
par) common stock will have been changed into 187,500 4:
shares of $16 par value common stock and 89,305 addi¬
tional shares of the $16 par value common stock will have been issued 4

shares

Gas oper.

sale

all 3eries

unlimited

accordance

.tPrior to

<

..

"

-

goods.
Approximately 90% of the company's
cotton fabrics and the balance of rayon fabrics,' 1
.

Partly-Owned'Subs, and Affiliated Cos.) : .
.'A,
194^ ,
'1943
1942
Theatre receipts, rentals
$
$
...*£* £*« i
& sales "of films, etc. 169,177,022 160,604,311 152,203,111 130,052,920
Rent'income—:
—3,118,778
2,778,3812,631,077
.2,457,388,
Miscellaneous
income-.
3,239,118
2,556,836 »
2,402,757 :, 2,070,553
'Other income
*
643,765
717,233 /;: .690,415
631.219
—-

when

piece

..

Wholly-Owned and

(Incl

and

finishing

goods mills

li

,

The
company and
tts subsidiaries process raw cotton into
grey ]
goods, .convert and bieach, print or dye cotton grey, goods and rayon
greige goods into finished cotton and rayon fabrics and merchandise
>uch fabrics to manufacturers and to outlets for the sale of finished;;

?

FOR YEARS ENDED AUG. 31

CONSOLIDATED INCOME ACCOUNT

producing,

grey

visable.

.

„

"

Th'e company 'proposes to use the remainder, of the proceeds of the ,,
offering of preferred stock in connection with its program to expand;

Pacific

,

'

r

ture.'.dated

■

.

Pacific Engineering Corp.—

Acquires Capital Stock of

,

standing will be
able only in

of The
the land,

to

"Amount of bonds of

-

v

terms

allocated

was

.

Common stock

contract $1,700,000 oi the purchase price
buildings and machinery, which valuation
was accepted by Lowenstein
directors, antf $1,300,000 was paid as- an-^
advance against
the inventory of the Huntsville plant,
subject ' tocheck and valuation.
No payments were made on account of going i
concern value, good will or other
Intangibles.. ;
'
4

trans-Atlantic

.The

-4.1
.
Authorized
Outstand
first mortgage bonds, 1976 series
*"*•"■•.'
$4,500,000
(par $16)——4-444-44—300,000 shs. '
t276,805 shs.

2%%

};

purchase, of the mill property of Merrimack at Huntsville, Ala., and a
brokerage" commission of ,$80,000 paid to ..Crescent Corp., Fall River,

$3,500,000, will -be de*

livered in May.

;;''4444"'r-;4-4-'4 '-;.444"44'/ •

$3,080,000 of the proceeds of the proposed sale"

use

49,017 shares of preferred stock, series A, to reimburse its - treasury
the sum of $3,000,000 paid on Jan. 14, 1946, to Merrimack Manufacturing Co. of Boston, Mass., a non-affiliated company, for the

for

•

costing a total of more .than

•

will

of

Aircraft

<

The company

;!

;

Constellation transports to the British Overseas
Corp. for use in transatlantic service starting in the summei
announced ,on' Feb. 11. by .Leonard K. ..Schwartz,: General Sales
of

Sale

•

*

CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING

(M.) Lowenstein & Sons, Inc.—To Expand-

157,927,360 135,212,080
»'
1 '' ■ '

176,178,682 168,656,761
,

.

States

war

Government

imately

23%

the

years substantial sales were made to
arid its agencies, amounting in 1943

its

of

total

income

$484,814

;Misc, deductions——

.,18,063

Gross

■

;

*

,

Balance avail, for int.'!*

\

,

'

long-term

on
'

The

interest

$466,751

debt-

-.$473,706,.-

requirements on $4,500,000 principal amount of. 2Va'/o

bonds, 1976 series; will be $112,500.

first mortgage

)

,

-

.

HISTORY

:

.

——.

and admin. exp.—

Gen.

to

Contributions

taxes

Int.

leased

on

8,844,229

and
Loss

bond-

of

/

■>

assets

discount

&

foreign, film

sions

•-

ments? and

Pref.

divs,

advances-

subs,

—

affiliates

"f

•

and

Net undistributed

partly owned

.

Gross

15,786,584

1,976,661

Other

559,974

v

Federal

.

I"

.

35,044'

Net

profit

Preferred

Common

* 101,271
62,028

94,862
9,323

120,086

12,913,369

14,517,256

368,619.

:

—

Shares

Earnings

(no

S-~/-

?tock

bonds

•On

claims

.

5,055,327

on

6,710,689

6,672,287

debentures

excess

■

«

1,675,213

retired. !

'

,

Earned

>•

'

earned

per

tAfter

.

-

ASSETS—Utility, plant,

541,076
'

>,1

inc.!

'
—-4-^

prepayments,.$6f707;TQtai. S14,256,331^,

,

300,000 C

4

;

$2,751,477
'

'317,976
$8,65

—

ASSETS—

'

'

hand

and demand

$375,938
"317,978
317,976

carryback

'

Accounts

Excess

receivable, trade and others
;

A,340,103

.V— '

miscellaneous,

529,938

for

depreciation,

for

injuries

12„Months Ended .Dec. 31—
Gross revenues

- >-

;

$25,628;
$18,800;
reserves,

surplus,

'

v

Lynn Giis & Electric Co.—Annual Report-4rf

^.41-v

cost-plus contract
131,324
Amount due pursuant to claims filed for Govt,
.'T- contracts and subcontracts Terminated^—1,027,598
on

and

$2,168,218; |otal, $14,256,331.--^;-163, p. 781+

621,334
4,419,368
.6,856,075.

2,115,472

profits tax refund bonds 44—

Unbilled costs & accr, inc,

$1,927,392
.

■

,
$27,553;
deferred credits,
$3,590,839;
maintenance reserve,
damages,
$96,870;
miscellaneous
$33,217; contributions in aid of construction, $367,793; earned

Oct. 7,'44

4,

—;

Inventories

.

$14,269;

reserve

reserve/!

$i;796,494

—

/

LIABILITIES—6 % % cumulative preferred stocky series A' (paf $100),

$1.18

Oct. 6,'45

v

deposits

in banks And, on .hand*
receivable
$309,420;,

$500,000; common stock (par $100)+ $3,000,000; 1st mortgage _bonds;
4%
series, que I960, $3,400,000; accounts- payable, $47,852; accrued
payroll, $14,815; due
to
affiliated
companies,
$19,204;
customers'
deposits, $32,436; accrued general taxes, $258,535; State income taxes,
$56,250; Federal income and excess profits taxes, $586,049; accrued

BALANCE SHEET

U, S. Govt, obligations

cash

$12,285,684;

.(less

'

interest,

Cash on

,

$7.02

CONSOLIDATED BALANCE SHEET, AUG. 31, 1945

1943

1944 s
$5,829,961

1945

+

-£

—^

—

$5,683,216

$5,494,383
2,579,550
364,880
694,242
571,244

*

'Operation
£.i—2,744,156* 2,839,361
ASSETS—Cash, $28,123,335; U. S. Govt, securities, at cost, $6,730,000;
Maintenance
u——.
1: 490,68T; f
430,773
S. Wat Savings bonds, series F (current redemption value), $7,1
Estimated refund of
Federal taxes on'income,
,*.•<
Taxes, other, than Federal income—
629,260
697+749
foreign govt, securities, at cost, $1,016,387; notes receivable,«
'.. net of .allowance;
1,.^
2,540,000 ■ ■
—-4--. ■
Federal income tax————
677,000
709,321
$42,973; accounts receivable, $4,854,606; inventories, at cost, $72,494,Property, plant and, equipment (net)J.—
7,424,401
T,586,985,
751; due from affiliated corporations, $56,375;' mortgage and interest s
Due from the U.
S. Govt,
for construction
t
■;
Balance for dividend and reserves
$1,142,113
$1,152,757 $1,191,467
payments, $6,813; net assets in continental Europe, $850,798; invest- w
of industrial plant facilities'
819,000
747,779
1,275,623
ments and other assets,
Dividend /£-££££^^--£i-j££ii-4./',
$13,675,510; fixed assets (after reserve for
819,000
819,000
Prepaid and deferred accounts
440,671.
243,880
428,102 2 Depreciation
£—
349,325 4 •345,944
depreciation of $31,857,169), $68,473,007; excess of investment over
Postwar excess profits tax"^credit
'
"
529,938
book value of subsidiaries on consolidation,
$801*454; prepayments and
CONDENSED BALANCE SHEET, DEC. 31
Other miscellaneous assets 4
131,464 ,
I 100,429
general, $1,967,950; preliminary and development expense (foreign),
1943
ASSETS1945 >
'
1944
$335,832'; total, $206,940,441..
r
5"%".
Plant investment ——————^*$I9i913,779 $19^554,331 $19,631,12T
Total
$21,028,453 $23,745,246.
LIABILITIES—Accounts payable and
Other .investments
j*.
accruals, $7,787,011; accrued
492,777
664,566 >
704,000
:i;v
interest, $183,912; domestic and foreign taxes, $17,370,259; due to
Cash
j.--'
i;0l3,374 ■ 1,350,670 .
' 982,696"
Notes payable, bank v—
foreign banks, $833,413; due to affiliated corporation. $9,424; securities
4—1,
$1,200,000; $3,000,000 - Accounts receivable (less reserve)—
316,453.
v 362,693
' 373,114
from tenants, film rentals and other deferred credits
Sinking .fund ^-£414^—1—" 1,430,455
Interest .receivable ——s———— ^
$779 619; pre¬
:1,909,159.
1,414 jS*?*- 510-7a'v.«i£—£;

U.

.

;

510,650;

,

,

<

-

-

„

*

.

'

-——

—

LiABiuTiEs^S;;!iSoi-;-l%"'':%#vll^|"

received
on
debentures
(net), $610,408; reserve for general
contingencies, $2,021,774; funded debt (incl. $2,684,467 due within
one
year), $46,053,185; wholly owned subsidiaries' preferred stock,
$1,041,300;. common stock (5,055,327 shares,
no
par),
$44,609,051;
earned
surplus, $85,641,086; total, $206,940,441.-—V. 163, p. 466.
v

mium

Lone
A

Star Cement

special

offering

of

11,000

shares

of

caDital

offering

at $70% per ,share with
was withdrawn Feb. 9,—V. 163,

a

stock

(no

The

company has called
shares of 5%
cumulative
San

and

dividends.

Antonio,

Stockholders

affected.—V.

owning

162,

p.

will

be

more

at

the

than

1285.

50

of

this

stock

are

petitioned the Massachusetts Department of Public
authority to issue and sell at not less than par bonds
and notes of $75,000 principal amount, bearing interest at rate not
exceeding 3'/2% and to mature not less than 25 years from their date.
Proceeds are to be applied to payment of a like amount of outstand-'
ing indebtedness of the company.
for

asked ,the

Commission

to approve a

change

in the call rate of issues of notes amounting to
$950,250 and $50,000
respectively, bearing interest at rate of V/2%, which were approved
by the Department last year but not sold by the company.
The call
rate is 105, but the company seeks to have it
begin at 109 and be
gradually reduced to 10014.
The

offer

Commission

is

Informed

from John Hancock

Mutual

that

the company has received an
Life Insurance Co. to purchase the

—V^ie^p^OT^' hm-eV€r' -W .the change in the call , price.



and

awards—

———

(

-£—444-4-44-4—44^—44--4-'' 4" '26,657

-/•;

'"y

4.

3,279,760'
3,760,209
-4—4-4-444--—4—44-4--4%4 6,792,802 :
!'

-v'-vr>'

■

•

.

■

,,

,.96,851

,

'

'

-Z—

-

565,917
,107,554
.76,196
93,947,
.

.

$22,269,2H$22,583,441 $22,434,552

:

$4,095,000 .$4,095,000
6,149,731
6,149,731
1,900,000
2+200,000

—

Profit' and

!;■

I

.

4.

loss_r£

—-

,—.

.

765,483

38,367
5,680,540
91,912

■

.

25,208,

5,936,096
94,031
2,025,764
"1,080,640

1,026+482

.,

204,221

30,822

—_

,

229,773

1,019,812
21,771

£

*

,

3,760,209
4,714,634

DrlOO.OOO

"

• ■>

4

•

•
•' 37,565'..:
3,279,760

(par $10)
-—-44-—1-—;
'surplus _4_4——-^44—4--4—-4——-- '

—

Notes

1,275,623
52,681
1,063,000

763,000

—

'

24,047

Premium

;

47,840

-

402,794
86,354"
.66,567
.94,956

v

"C 73,057

Capital stock, —1
\ $4,095,000
on capital stock———
6,149,731
payable
1,600,000
Accounts payable
197,715
809,370
Tax liability
Interest. accrued
29,057
£
31,212
Other, unadjusted : credits—_££-_
Reserve for depreciation—
6,208,779"
:
Insurance" arid casualty reserve.I-96,100
2,025,764
Surplus invested in plant-—

1,152^000

.

——

LIABILITIES—'

.

500 000

.2,025,764

1,158,325

TotaiL—:_—^-_—-L—-———,$22,269,2 ll;$22,583,441

—V.

163,

p.

314.

'

'

'

"

$22,434,552

r—^21>028^ $23,745,246
'

-

Manhattan Shirt Co.—Earnings—

\

'

Feb. 8 .by Harris, Hall & Co.
and Drexel & Co.*

2Vz%

firstZmortgage4

bonds, due Jan. 1, .1916, at $102.25, the price to yield"
approximately 2.39%.
The issue was awarded Feb. G
at competitive sale on a bid of 101.56.
APPLICATION

follows:
(a) To

OF

"

redeem

bonds, 4%

PROCEEDS—The
: ■'

the

.

outstanding

series, due 1960,

proceeds
.•

.

•

$3,400,000. first

willbe

:

applied'

as

-

per share
'—
.4;
•■(c) To.provide additional iunds in the company's

facilities-:

—

General

and

admin.

£
iS
expenses__;£-£_

•

^

1943

$1,436,467'

$1,076,393 , '$1,347,401
paid
other.deductions— !
Normal income tax—
Interest

Excess

profits

Cr30,496
295,731

tax£___—-£££—r££-;:

Crl8,995 ,!

■

Cr22,322
300,000;

.277,410

;

tp67,000

T 584,010

: $521,986

$574,779

;

318,000
"

;

525,000 ,.'.
treasury
—.—

'

Net income

.$493,158

Amount reserved for contemplated

in-„

—.—-

'

$14,716,481
12,102,386
* 72,691.:.)62+605 52,949
713,222
786,697 '
815,854
376,282 '; i 307,519
'308,825'

:•

Belling "expenses

mortgage

at 104.5-(exclusive of

terest accrued to the redemption date)
4, $3,553,000
(b) To replace in the Treasury of the company funds (excl.
■
Of accrued dividends) irrevocably deposited to redeem 5,000 shares of 6%% preferred stock, scries A, at $105 4,. 1
*4

for expansion of

Depreciation

.4'

-

1944 '

,

Net sales, less cash discountS-i--— $14,703,868 $15,639,332
Cost"Of sales.——12,465,280) -13+135,110

.

of"$4,500,000

.'1945

Years Ended Nov, 30—

Madison Gas & Electric Co.—Bonds Offered—As men-:.
tioned in our issue of -Feb.

11, formal offering was made
(Inc.), The Milwaukee Co.

Program—

The company has

has

■

claims

(Ky.) --Weekly Output-

Lowell Gas Light Co.—Finance

also

reserves

Earned surplus
'•

'Total

470,000 :
-

-

~

Capital stock,
Capital

'

output

company

Contingent

-

;

^550,000,

j.

Treasury^ stock (10,000 shares) ——-—44-—BrlOO.OOO

of this company for the week ended Feb. 9, 1946,
kwh., as compared with 34,670,000 kwh. for the cor¬
responding week last year, a decrease of 23.6%.—V. 163, pp. 781,.654.

The

4—4

337,459

,

1,066,511 ;

789,967

payable,

Other reserves

not

totaled 26,505,000

Utilities

advances

.

Materials and .supplies.——-.
Prepaid1 .accounts
————'
Other unadjusted debitsInsurance and other funds——

-—44,
1,401,103

•

-

wage

Workmen's compensation

-

--v.':-

v.,/.-

.

dated AprU
Note payable,
••

-

shares

^

debentures, 1952 ——4i—-Z—^ ' ZZZZ'-Z
bank, .under .Loan Agreement ;
^
30, >1945 ———-,4—44-''
800,000
bank, for industrial plant facil.,
'" '
with collateral
(contra)" 4-4—444.4—
""747,779

Note

company's office,

.

Louisville Gas & Electric Co.
Electric

made

for

"163,000 '

31,798

4%%

was

redemption on March 1, next, 3,175.64
participating preferred stock at $103 per

\

wages/corporate taxes, etc.
claims for defective "materials

adjustments.
Provision for estimated "addiWoinal Fed. taxes
on
income for prior, years
"44U-—4—_J4-—_

for

Payment

Texas.

,-—-4

908JL87

-

&

and retroactive

.

;

654.

p.

salaries

Provision
■

commission of 85 cents.-

Longhorn Portland Cement Co.—Partial Redemption—

share

Accrued

Contr.

par)

payable, Trade and others—'

Dividend payable, October 20, 1945-.—4—

Exchange Feb. 7 by Smith, Barney & Co.

and Estabrook & Co.
The

Accounts

Corp.—-Special Offering——

made on the New York Stock

>.

OCT. 31, 1945

$959,208; U. S. Govt, obligations, at cost, $500,000; accounts
reserve of $22,827)," $191,312; materials ahd Supplies,

J

,,

"

111,292

share

38,774

"

inc.

surplus.

BALANCE SHEET,

•Loss.

1,665,713

•

$8.01,

deducting
profits credits in amount of $484,377.

.

|

UNDERWRITERS—The ' names
of
the several
underwriters and
the principal amounts of bonds, agreed to be purchased by them,
respectively, are as follows: '
•«
«
!
Harris, Hall & Co., Inc.$1,500,000
The* Milwaukee /Company—- 1,500,000
Drexel & Co——w-*.——
*
—i-*—
1,500,000

"

$955,789

upon

CONSOLIDATED
.

$8.01

'

"

V

136,943

"

1

surtax——
1943 Federal taxes, on

Income transferred to
Dividends paid

4,997,086.

^

$2.56,

the company'supplied electric service to 28,081
were .located in The City of Madison, 1,740
&nd j>t209 in,the.towns.
1

.All gas distributed by the company .is manufactured gas with A
heating value of 520 BTU per cubic foot. At Dec. 31, 1944, the com¬
pany supplied gas service to 19,984 customers of whom 18,400 were
located in the city of Madison, 789 in The three villages and .795 in
the five towns in which the company furnishes gas. '
'
i

$818,846..

$41,477 '

and

t

1,685,109

*

■

.

—

and

to

due

12,132,606
442,071-

-

par)—

share

per

common.

;

6,951,017

stock out-

com.,

standing

^$50,485

1944,

•

41,314

—91,962

;

Number of shares of stock

13,422,853
'

(cash)j.^

113,4^8

^

zJ;'-

Prov. for ^inven, losses & majin. restored to

'

——„

S

-

V

7

•
;

carry-back, prbvision!.of the'In'
*
: 1' ternal RevenUe Code
w^jt';^4ti^i.-^^^''Cr2,4ld,000

>

.

109,212

120,851'

dividends
divs.

premium

-

;

1,245,886
' 374,461

—

normal

based

'

.

and

exp.

——-

(net)

Estimated refund of

—"

286,556

and

31,

customers of whom 21,132

in the four villages served by The company

_

1,235,931
125,398

State- Income Tax—-—.

660,265 (

89,103

,

31,'1945, 71.9% of; the cqm»
from the electric depart¬

—

275,829

corps—

profit 1

income

Total income

,

inc.-—

disc,

"bonds redeemed

on

4,955,851

,

q-

t

debt

105,000
-

etc.— g;?

'

;

-

-

——

Miscellaneous deductions

retirement plaii__L_
and amortization—

Dec.

At

STATEMENT
Oct. 6,'45

debentures, notes payable,

paid in 1945

3,270,664

■

———

on

Amortiz. .of

^

549,920
■

12 months period ended Oct,

pany's-total operating revenue was derived
ment and 28,1% from the gas department.

Subs.)—Annual Report—

(&

*

3,429,034
5,453,286

•

606,438

Interest

1
,<

409,401
3,358,590
8,103,346
4,837,579

(3,444,660

Co.

Contribution to employees'
Provision for depreciation

-

..v

•

'

invest- *'

of

*

<

7,038,341

*

Write-downs
;

■

—

.

3,273,728

exc.

*

*

.

profits taxes- ;V
Minority interest share
affiliated corporations
Fed.

—,

J.V'v,'.>*:•*i

-—.

—-—

retire, of bonds

upon

i

'■,
vfi'.;:«•*'-k—~-XT

\

Depr. of bldgs. & equip.
income taxes—

the

1945,

Oct. 7,'44
Sales, net of discounts, returns arid allowances $45,243,988 $54,576,770
Cost, of sales-J
J
41,675,154
49,935,419
Selling, administrative and general expenses.,2,039,551
2,160,842

'

' 638,289

Federal

2,

52 Weeks Ended

297,105

'

774,692
1

ver-

offleaseholds

of

275,335

.

'954,930

charged

Adjustm't

Nov.

CONSOLIDATED INCOME

-

+

.

expense.

Steel

1,262,134

1,204,967

257,672

.618,753

-

to

1

-

1,253,580

-

1,417,011

:

Jan.

For ;the

Lukens

.513,809

.«•

bond

paid &

:

-

fixed

'

7,824,391
3,428,354.

,

515,313

*

■

.977,801

Additional franch, taxes

•Premium

..

472,187

520,706

,

disc't

of

.8,916,675
3,477,303

period

<

4

.

208,688

expense
sale

on

Spec,

'

V

-

the

corporation had consolidated sales and finishing charges of
$41,816,130, and a net profit
of
$1,435,124 after
taxes of
$3,789,20O. - The sales . and finishing
charges for the year 1945 were $49,731,354. the largest on record, and
the net profit was $1,717J986 after, taxes of
$4,342,258.^. 163, p. 654.

—

i'"-*

8,452,462
3,528,121

.

3,507,153

prop.-

payable (Loew's, Inc.)
Inc.
on
bonds,
mtges.
and notes payable
Amort,

-

''

and notes

debs,

on

3,140,733 :

-

-

——-

For

r

3,341.585

,

2,173,084

2,419,965

-

'■

-

.

other

and

estate

Rent

em-

plan./

retire,

ployees'
Real

2,614,347

2,473,574

.

AND

BUSINESS—Company was organized in Wisconsin
April 8, 1896, and has perpetual existence. It is engaged in the pro¬
duction, distribution and sale of electricity and manufactured gas in
Madison, Wis., arid territory adjacent thereto, entirely within Dane
County, Wis.
The electric business conducted by the company was
started by a predecessor in .1892, and the gas business was started
by a predecessor in 1855.
The electric and gas properties owned by
such predecessors were acquired by* the company upon. its organisation.

,i

492,200

'

12,000

12,000

,42.000*

$481,158

$509,986

.$562,779'

pension plan

-Zr.

Balance
Dividends

Shares ot. common stock

Earnings .per
.

TAfter postwar credit.

-Z—.,

..

260,134

,

208,107

(par, $25).
"

$2.31 '

260,134

,260,134

"

208,107
$2.45

;

208,107

$2.70>

'

■.

,

.i»"

'•
•

•y'/^':y

'
x

*

Volume 163
vV-5 :U,••

BALANCE SHEET, NOV, 30

:

ASSETS—Demand
U.

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4465

deposits

in banks

and

hand,

on

(customers),

$5,713;

accounts

receivable

accounts

and

discounts

of

(after

allowances

for

$1,007,470;

$200,000),

and

profits

excess

"SEC

120,000

covering

Vfy'* kk'-k

/

The

"

•,

surplus;, $5,333,791; total, $10,352,031.—V. 161, p, 88l,

tion': of

The

production t of

Built

be

the

directors

with

March

The

•

to

have

Eversharp,

about

to

directors

Eversharp

and

act

of

stockholders

approved

Inc.,

15

Magazine

that

the

called
the

on

announced

stocknolders'
;

•

-7

company

Co." also will
preferred stock.

Razor

•

propose
-

stockholders'

meeting

for a Vote oh the merger and also to approve a threefor-two split of Eversharp common stock. The merger
proposal provides

for

exchanging

built

■

.

'

■

All

For

net

1944,

net

The National City

special

Feb.

meeting

of.

21,

according to
and .General Manager.
recommendation

of

stockholders

common

by

announcement

an

D.

C.

been

called

War

Everest,

President

increase

to

number

the

of

:;

for

>

annual

an

capacity of about

11,000,000 pounds

suitable

for

such

items

multi-colored

as

garden hose, hospital sheeting, wristwatch straps,
fabrics, handbags, large meteorological-type balloons, tubes of
kinds, serving trays, surgeon's and industrial gloves, "rubber"
.

trialization

,

many

heels.
Hundreds of other popular Items are projected as fields for use of the

Division

developed a new type of shoe soling, in one form
much
like
leather
soles,
but far superior in wear resistance and
completely impervious to water. These soles are expected to increase
shoe life .(greatly.,

ients,

will
the

renter

Their

from

vary

field

with

obtained

t\jMf-

v"

„

by

* ■>*"

the

resistance

possible

'

»

addition

v.'

'

(

*

of

-and

other

unusual

-

K-•

4

A

^

K

VH-

'

rl

•

years

Cummings

Fire

&

Marine

Treasurer

Insurance

and

General

Uxbridge,- Mass.
—V. 163, p. 195.

has

Co.,

Longmeadow,

Manager,

Mass.

Uxbridge

been- re-elected

for

term

a

J.

three

Jan.

9,

1946.

there

company
and
shares at the

its

Montreal Stock

value

tion

Inc.,
years.

subsidiaries

rights

u

of

the

total

number

shares

of

ending on Jan. 8 In
& 1949,
Rights to purchase

a

sold

.

and

.

to

to

1948

1947,

each

of

and

in

1949

not

the

115,250

three

and

ended

-

than

will

expire -on

officers

Jan.
'

further 4,750 unissued
employees

as

may

shares

common

be

be

may

designated, from time

Application for the listing of the 120,000 additional common shares
Jhas been made to the Montreal Stock Exchange.—V. 163,
p. 781.
,

'

hopes

company

.

;■

place also structures now being used in Miami,
with its own carbon dioxide warehouses. •
The corporation produces

Norfolk

soon

and

to

Edgar

of

P.

War

City Foun¬
Commis¬

Forest

'

James

are!

W,: Douglas

Gorton

•

7

Z

Dec.

\

Period End. Dec; 31-^ 71945—3 Mos.—1944

stock

Midland

of

United

t '>\ i

Realization,

and

Co.

\

Gordon

and

sales

before

Prov.

for

92,607,477
taxes

Fed.

k—taxes—.

3,007,673

successor

of tl>e $1 par

Earned

per

com.

" $2,358,060
share 4
>;;• $1.31

$1,187,602

$4,050,485

$0.61

$2.22

and

-

William

J.

Murray Jr.,

ended

of

was

1945

Federal
the

for

stated
1945

30,

passed,-It

taxes

current

Sept.

that

fiscal year

had

that

were

been

quarter
will

be

on

,

since

in

covering

1945,

it:

decided
so

that

the

to

each

quarter's

date.—V.

S

^

earnings

of

-•

operations

follows:-

•

/

The

new

stockholders

preferred

120,000 of

the

on

stock
new

Feb.
and

5

to

preferred




voted

lead and

;; Vice
.

of

is

"k:

;

to

authorize

waive

pre-emptive
and

to

150,000

shares

purchase

100,000

of

.

is

'

,

'

'

1944

' v

750,000

tax

At

the

to

for

the

,

,

"

-

:

120,175

138,968
72,132

7

425,000

29,677

-

42,870

425,000

credit)

•

68,965

.

1,785,000

2,190,452

;

$1,025,394

424,792;t i.
;;

-

424,788

;-$3.43

$3.92.

for

v

$1,080,352;

/

»

United

States

<.

v

,[

,

Government

tax

assets,

and

for

renegotiation

rebates,

from

arising

ac¬

$182,969;

$87,588;

ended Nov. 30, 1945, $750,000; payrolls and other com¬
and taxes withheld therefrom, $415,696; deposits by employof war bonds, $40,437; taxes, other than taxes on

purchase

.

$83,257;

dividends

$1,968;

stock

($1

Federal

par),

sinking

on the

but

be

will

tons

of

zinc

closed

.

down

until

normal

time

such

development,
/'• A " * h

,

Porcupine

started

done

no

the

at

in

property,

the

present

mineralization

of

in

which

future.

near

time

on

a

Important

'

;

at

the

common

600,000
•

directors

"announced
outstanding
dividends

miscellaneous

surplus,

$11,720,654.—V.

162,

current

(net), $45,636;

$2,130,874;

earned

and

pp. ; 1772

"

■

,

,

138;
"V
;

that

7V2%
$10

of

the' company on Nov. 1, last,v redeemed all
preference stock at $11.50 per share and
par share.—V. 159, p. 383.
;

(G. C.) Murphy Co.—Proposed Stock Distribution—
The

-

Options

'

.

favorable

has

been

•

The

from
-

•

-

.

,

■

-

150,000

to

make

stock

the

the

,

number

split possible, he

-.

466.

53,006,899

1946—12 Mos.—1945

45,633,255 704,686,754 663,519,316

.

„

amendment to

*

the Articles of

-

stock be not quoted

common

further .notice.—V.

163, p.

said dis¬

ex

782.

Industries, Inc. above.—V. 163, p. 782.

:

National Investors Corp.—rAnnual Report—
r

The.good- results achieved during 1945 increased the asset value
of the capital stock from $8.19 to- $11.89
a
share.
After adding
back 39 cents paid as a capital gain dividend the increase in asset

•

value

was

>

49.9%.

•

INCOME

STATEMENT FOR CALENDAR YEARS

^"

'

1945'

■

divs.

Cash

General

and

Interest

income

expenses

$422,065

tration
1933

Taxes

'.

Net

;

paid

"Exclusive of
cash

in

and

-

„

(at

cost),

6,552

*359,099

368,927

banks,

$7,575,338;

receivable,

etc.,

SHEET

DEC.

$760,373;

31,

tntol

$11,104;

•

380,456

in

common

receivable for capital stock sold,
$9,205; total, $8,410,619.

stocks,

$65,702;

divi¬

$113,855; due for capita!

for retirement, $26,647; reserves for expenses, taxes,

capital

CflamfilQ

6,883
$380,030

1945

investments

LIABILITIES—Due for securities purchased,

etc.,

>/'

of which $221,124
stock.

dividends of $562,424,
(28,418 shares) in capital

BALANCE

in

-

655

$360,096

capital gain

$341,300

k ASSETSL-Cash
dends

2,653

__

«t

«

444

$356,269

(other than Income taxes)

60,593
;

...

1,210

.

1943
$448,165

56,478
r

•

income

Dividends

v

/

Act;, of

Securities

under

1944 ■'
$423,570

?:';

.61,933

^

f..:;,; Expenses in connection with regis-

stock repurchased
%

an

Feb.

National Candy Co.—Merger Completed-—

to

U

Montgomery Ward & Co., Inc.—January Sales—

Sales

1946,

on

value,

Feh. 26,'1946.

See Clinton"

on

1946—Month—1945:"

on

par

"

•

Mines

disclosed

increasing

26,

filed

be

no

were "

r,v

authorize

Exchange on Feb. 8 received notice from this
to approval of stockholders; at the annual

Exchange directs that

tribution' until

,

to

,

26, 1946, pursuant to which the
will be changed and reclassified into
four shares of common stock, of $1 par value, by the distribution on
Feb. 26, 1946. of three shares of $1 par value to holders of each share

cor-

meeting April 2 will vote on a pro¬
stock on a four-for-one basis, J. J. O'Brien,
asked

Stock

subject

Incorporation will
common stock,
of

'of record

:

geological

r

.

York

that,

meeting to be held on Feb.
•

"

-

the

New

company

as

Feb., 9 declared a dividend of $1 per share on the
stock, payable March 15 to holders of record March 1.
A like
amount- was paid
on
March l, May 15. Aug. 15, and Dec. 15, last/
year.—V. 163, p. 782.

p.

capital

/.-./■.'■'V;;-?''

Its

accrued

r

mining

annual

announced.
stockholders will be

163,

$107,942;

income—estimated

on

$265,517;

,

It" is
of

concentrates

balance of the treasury shares of Laddie Gold

161„;p.-2223.v

to

payable,
taxes

Muirheads Cafeterias,1 Ltd.—Redeems Preference Stk.

j

1

common

—V.

——,

-

.

period

months'

six

.

9,373

permit
,

Goldhawk

shareholders

shares

The

58,903

$30,482,578 $33,320,112
25,288,492
27,847,125
1,840,586
' 1,578,172

surtax

'(less

112,063

36,841

_

and

tax

-surplus, $7,328,920; / total*
V. 161, pp. 1545 and 570.

•

President,

The

exps

--

7

-

56,483

year

for

V.v

a

rights to
additional com-'

the

capital

'

All operations were stopped on June

to be resumed.

Period End. Jan, 31—

shares

also

remain

available

said. 7
•

'

$924,685

profits

liabilities

estimated operating profit for'the year

LTD.;

will

mine

posal to split the-

•

lines

production and

•■■;'''' 1945

~v

—

amortization,

income,

.

*

Minneapolis & St. Louis Ry.—Plans Stock Split— 4
The

.

regular

'

BALANCE SHEET, NOV. 30, 1945

pensation
ees

-

,
-

$1.16

of

of prewar

favorable.

K'r f

\

other

for

Lake, and a participation was taken along with several other
companies, in options on Waller Red Lake Gold Mines. .Work is to be
7 done on both these properties this year. A participation was also taken
,7in the options on Beauchance Mines Ltd., in Beauchastel Township,
Quebec, a company incorporated on the Algray property.
Diamond

same

*

shaft

structure

basis.
Therefore, adjusted
provision for Federal taxes becomes $2,141,605 so that the consolidated
net profit for the
period, after provision for Federal taxes, is revised
to $1,692,425 equivalent after
preferred stock dividends to 91 cents
per share on the common stock.—V. 162, p. 2395.

Merck & Co., Inc.—New Stock Voted—

The
labor

7 drilling is being

earnings for the first
before the Revenue Act
adjust the provision for

converting to peacetime

Production
excess

share)
y'
\

LIABILITIES—Trade accounts, $550,406; provision for renegotiation

reorganiza¬

„

the

released

in

amortization-

excess

Sin Red

$2,258,892

'

quarter

%

v.

company

obligations
(net),. $577,357; - trade accounts receivable (net),- $1,252,710;
claims
arising from war contract terminations, $493,666; claims for refund

.

•

i

averaging 80.96%

General:'

'

profit

entered

agreement

inventories, $4,706,176; investments
property, plant, and equipment used in
operations (after, depreciation and amortization of $3,439,190), $2,940,537; uncompleted machinery Installations, $67,846; property not

'

BASE METALS MINING CORP., LTD.: A total of 47,777 tons of ore
were milled during
the year, averaging 2.83% lead and 13.67'%
zinc,
from which were produced approximately 1,400 tons of lead concen-

,

Net

termi¬

0.138 ozs.

copper,

7 acquired

79,663,102 164,253,812 152,014,144
4,082,177
9,199,763
8,133,123
2,894,575
5,149,278;,; 5,874,231

5,365,733

for

..and

7i poration holds a participation in the financing, the installation of
7 the necessary plant and equipment have been practically completed

yyy.:-$:3:;y.y,:yy

Net
Net

and

$31,139,274 $33,149,145

income

ASSETS—Cash,

.7 of

its

^

report

31,

and milling

1945—6 Mos.—1944

the year.

appears

;■

profits

01 V'I;

%

CORP., LTD.: During the year 204,067 tons of
milled averaging 3.68% copper and 7% zinc, from which were

!. 30,
1945.
sufficient

; ./.;-y.yv'

as

years,

"' 7 *7

•'

■*"<

.

i

v

Subs.)—Earnings—

Loan

was

provi¬

basis

depreciation of property, plant, and; equipment
of
emergency
facilities Including accelerated
amortization—1945, $539,845; 1944, $638,662.
A-7.\ '
"*1* VI?
^
^
'
*
1,1
'r''1

copper concentrates averaging j
gold, and 11.51 ozs. silver; also 19,297 tons
of zinc concentrates averaging 52.90% zinc.
The estimated operating
profit for the year was $783,000.
'

V

'.-y.;-:

McKesson & Robbins Inc.

t

"V"

1945,

general

$2,400,000

profit

..-and

M.

«

,

involve^ x67.95«,/2 shares, or about 27%

JEROM GOLD MINES,

v.

.

of

required

For

STATEMENT, YEARS ENDED NOV. 30

NOTE—Provision

7'

-

company

Net

.

Corp.—SEC Approves Sale of Stock—

averaging 58.89zinc. The
was $197,000.
" "

Charlotte

dry ice at its plant In Saltville, Va.,' and
ships it in specially constructed refrigerator cars to various distribut¬
ing points.
In addition to those mentioned, the
company maintains
carbon
dioxide
warehousing facilities in Richmond, Baltimore
Bir¬
mingham, Jacksonville, Memphis, Nashville, New
Orleans, and Tampa.
—V. 163, p. 314.

1946

Dividends paid
-J
-.Earned.per share-:——

Manpower

Mcpamee.

the .Cleveland

re¬

)•

during

charges

excess

-

Mathieson Alkali Works (Inc.)—Two New Warehouses

its loan

7-v

the

,

will

;v\?: 4

22.48%

trates

The corporation announces the
completion of two new warehouses
for dry ice and carbonic gas, one in
Greensboro, N. C., and the other
in Washington, D. C.
According to Charles T. Longaker, Manager of
Mathieson's carbon dioxide division, the

refund

employees* security trust fund—

normal

,

to time by the directors.

•

paid

produced approximately 30,647 tons of

-

net

expense

Federal

Partner,

■

Midland

were

ore

years

the

Regulation

with

renegotiation proceedings
No refund
was
required

—

Miscellaneous

NORMETAL*MINING

one-third

consecutive

will
3077.

d.

?"used in operations
subsidiary, at competitive bidding was approved Feb. 13 by
(after reserves of $87,053 for depreciation), $100,and Exchange Commission which reserved jurisdiction;
588; patents, trade-marks, and licenses (net), $1,177; deferred charges.
of the bidding.
$299,686; total, $11,720,654.
%•

An 'interim

common

more

buying,
162.

$30,389,274 $33,149,145

Mining Corp. of Canada, Ltd.—Interim Report—

.

such

Dr.

-

common

to

-

.

purchase

extent of

1943

paid

•

A'v'"V f-

Federal

-

Exchange

opening market price on that day,

The rights are-exercisable to the

com-

«

concluded

were

in

1944.

and

year

company

for

sales

President, Forbes

subsidiary, Midland Utilities Co.
Both the latter companies were reorganized under Section 77B of the
Bankruptcy Act- pursuant. to a plan approved, by the SEC and con¬
firmed by the Federal District Court at Wilmington, Del., 011 April 7,
1945.
The plan contemplates the speedy liquidation of Midland RealIzatiop and Midland Utilities.—V, 163.^ p, 782<

'

floor

a

results

The sale

that on
sold to certain officers and employees of the

were

the

Reserve

and

Merry weather Machinery
Co.; Ralph Geckler, Presi¬

Securities

oVer the

i.

advised. the

has

company

and

•

Garfield, Baldwin, Jamison,
Dorn, President, Van Dorn Iron Work's; Dr.

directors

-

r

Co., a

the

Massey Harris Co., Ltd.—Stock Options—
The

1945,

outlook

Payments to

,

of

For

Federal

declared

Interest

,

&

Vice-Chairman,

Jamison,

Joseph JMcCammon,

Jr.,'

'

Walter,

Company,

1943

Board

of
import duties on metal, paid in
prior years
Interest, royalties, & mis<^. other income
Unrequired portion of res, provided in pr. years

Corporation's proposal to seU alt Ha interest in the Midland'ReaHza- ;
.tion

C.

Harold

Worsted

1944.

March, 1943. .-■:;7

celerated

Chesney,
Honorary
Vice-President,
General
Electric
Co.,
Pittsfield,
Mass.;
Bernard W. Doyle,
Director. United States Rubber Co., Leominister,
Mass.; R. DeWitt Mallary, Attorney at Law, Gilbert and Mallary,
Springfield, Mass,; and Edward H. Thomson, Director, Springfield
■

Merica,

Middle West

were

of

Corp.—V.

Refund

*

'

and Actuary; has been elected1 a
late Harry G. Fisk, who died last November, v;
four

'

.

,

in the business

President, Lenihan
Charles Seelbach, President,

McNamee,

Robert

and

CV Mack,

Vice-President
for

;

•

(Springfield,

Mass.)—New Director Elected—
Harry H. Peirce,

W.

Officers

Macklin,

.

director replacing the
Directors
reelected

"-

'
t

desirous

^Provision for renegotiation--.-

Landis, Chairman of the Board; Dan T. "Moore, President; Eliot Ness,
(Chairman of the Board of Diebpld, Inc.y, Vice-President and Treas¬
urer; H. Wardwell Howell, Vice-President in charge of Middle Eastern
operations;-'James C. Gruener (of Cull, Gruener & Stearns, Cleveland,
Onio), Secretary and General Counsel; and Gene Hutchinson,. David

''

-

Geckler;

&

C.;

D.

Forrest
1

properties,

$

■*'

Lott

Hope & Ulrich; James van

pigment

is

Assets

agreements

Adjustment

years

INCOME

with the help of the over 60
given The Middle East Co, exclusive

Merrywcather,

George

Theodore Lenihan,

sion,

variations

Massachusetts Mutual Life Insurance Co.

Co.;

dry Co.; Frank L.

a

chemical

many

the

15,

the

•

Net

country

Charles E. Reed,

dent,

in a complete color - range
fillers, permits radically new
applications in the household, wearing apparel, industrial,
medical
and' other scientific fields.— V. 163, p. 466.
■>,

important

Motch

Co.;

rigid to a soft "rubbery" state, and will
Industry now employing rubber, metals, and wood.

of

excellent

coupled

this

Varnish

has

Offering am entirely new source for material supply, the Marvinol
type resins, compounded with various plasticizers and other ingredi-

of

The Cleveland Graphite Bronze Co.;

Simultaneously, Mr. Martin announced that the Plastics and Chemicals

.

Price

to

year

the sales

Among its stockholders are the following;
John Brjggs, President, - The Gabriel Co.;' J. C. Lincoln, Chairman, of
the Board, The Lincoln Electric Co.; J. J. Mclntyre, Sr., Vice-President,-

'

resins.

new

settlement

year,

of ex-;-:;.'
porting American products all over- the world and importing foreign
Total income
products in return, is also engaged in building manufacturing plants Cost of products sold——
in foreign countries
by combining foreign capital with American
,7 Selling, administrative & general
machinery and know-how.

woven
.

War

production, and it did so promptly.
proceeding in volume considerably in

a

franchises to sell their products in this area,
The Middle East Co. of Cleveland, which: is

insulation,

transparent
•

tne

of

and

crane

This

American manufacturers who have

.

traveilin'g

purchaser

of

expense

26,322 square feet
14,826 square feet.

a

per

in which it operates.
..
subsidiary, The Middle East Co. of Turkey, will be the spear¬
head of The Middle East Co. of Cleveland's drive to aid in the indus¬

:

will

rolled

facilities

has

has

except

less

in

were

countries
•

of

During the year your company expended a total of $463,168 for new
equipment, improvements,, and additions to the plant.
Provision, for
depreciation Of the company's plant properties,
including amortization
of special facilities purchased for the
war
emergency,
amounted to
$539,845 for the year.? Dividends totaling $424,792 ($1.60

backbone of highly-placed
complications of that area and carefully

the

with

shop

7/ No problem was presented to

representatives in every; part of Turkey, is pursuant to The
general policy of setting up subsidiaries and affili¬
under the aegis of the most powerful possible interests in the

ates

of Marvinol

wire

familiar

individuals

The

prospective

the

the

chosen

type polyvinyl resins, from which a wide assortment of end-products
be made by manufacturers, Mr. Martin said.
The new plant will
be operated by the company's Plastics and Chemicals Division.
Mr. Martin made it plain that the new plant would manufacture
only the raw materials, and that from them will come articles of
superlative quality, far exceeding, in most essentials, the same prod¬
ucts If they were made of other materials,
including natural rubber.
Experiments in the Baltimore
laboratories
have
shown
that
the
is

a

•

corporation, with

this

block.

the

at

Nov.

Middle'East Co.'s

will

material

the subsidiary.

formation of

The

resin, and that the board of directors has authorized the construction
of a $1,500,000 -plant.
The new plant, which will be In production
by next fall, ultimately

•

7

company,

President of

Im¬

project

housing

than the amount previously
provided.
renegotiation has been made on the same
applied in the settlements for the preceding two

into

prominent: Turkish; individuals;'- including-Kihsan;.v;Ppfhk,^v.the:-iv'-]|arge$t.;
exporter of Turkish tobacco to the United States, who will act as

(Glenn L,) Martin Co.—To Make Plastics—

the

fabrication

Stran-Steel

for

On

u.

called,,• "The Middle East Go. of Turkey."
which is formed under the laws of the Republic of
Turkey, has an initial capitalization of $160,000.
It is controlled by
The Middle East Co. of Cleveland, Ohio, through ownership of 51%
of its common stock.
The minority interest is owned by a number of
This

Glenn L; Martin, President, on 'Feb. 2 announced that the
company
Was ready to manufacture its remarkable new elastic
plastic, Marvinol

have

the

was

-

Turkish subsidiary

7

author¬

ized shares from. 400,000 of $12.50 par Outstanding to 1,300,000 shares
•of $6.25 par value.—-V. 163, p. 314.
^

Will

which

respect

sion

6 announced the formation of

on Feb.

Moore, President,

Dan T.

The purpose of the meeting is to vote on the
board of directors to provide for a
2-for-l

the

split-up of the-common stock and

the

leasehold

^Corp.

construction.

the heat-treat structure

Department

with

(The) Middle East Co., Cleveland, O.—Forms Sub.-r-

for

$215,443,

for

in

and

Assets

...

sales

after

nated

has

concrete

During

Marathon Corp.—To Split-Up Shares—
A

of

Corp,
use

War

—F. L.

Bank > of New York has been appointed registrar
of $1 par value common stock.-r-V, 149, p. 2695.

for X,200,600 shares

trailer

for

buildings

the

Mueller Brass Co., Port Huron, Mich,—Annual Report
Riggin, President, states in part:

7

con-

$2,235,483,

was

and

to

Government

Products

sections

in

use

be removed

contingency

consolidated

income

,

Motor

steel

land

according

the

machinery in the plant,

presser

connec-:

and

of

$19,000

>

.

$105,000.
consolidated

after

to

buildings on the land tract of approximately 2 acres are a
shop, heat-treat building, and electric sub-station.
All
are

while

area

statement

$55,600,000

the

also for

The

antibiotic,

registration

$2,280,000,

Mich., that was built by
the Gear Grinding Machine Co.
front-wheel automobile drives

on

machine

Mesabi Iron Co.—Registrar Appointed—

Magazine

Repeating Razor common on a share-forshare basis <for the present Eversharp common.—V.
163, p. 655.

■>

the

in

approximately

of

apd

$52,763,163

of

approximately

by

covering

$146,000.
cost

a

stamped

and

contingency reserve appropriation of $49,000.—V. 163,. p, 314.

would be called

'

of

appropriation

reserve

:were

<

included

sales

net

income

net

1945

for

consolidated

'solidated

...y

figures

Tentative

show

lor

meeting
.

special

a

this

of

merger

special

call-its

the-concern

recently

proposed

a

proposal.
Repeating

is

at

used

and

•

k The

Acquire Farts Plant—

Hamtramck,

7:,,.7

provements,

,

large-scale

for " the

8.

purchase price,

>

& Co. and
of the issue.

facilities

Feb.

on

18,000 shares are to be soldt by

'

"Streptomycin, and the carrying of inventories, particularly in
t tion with the manufacture of streptomycin.
,
,

Magazine Repeating Razor Co.—-Proposed Merger—

In

be sold to the Motor Products Corp;,
Detroit, Mich., subject to
priority right of Federal Government agencies, the War Assets
Corp., a subsidiary of the Reconstruction Finance
Corp., announced

■

(est.),

plant

the

Lehman Brothers are named to head
Holders of the 100,000 shares of out¬
standing 4 V2 % and 5%.% preferred stock will be afforded an oppor¬
tunity to exchange their shares for shares of the new preferred stock,
v
After the issuance of the chares, the company intends to apply for
the listing of its common stock and the new preferred stock on the
"New York Stock Exchange.
7
•
' •
The
offerings-are expected
to provide the > company with "over
$5,000,000 abQve the amount required to redeem Outstanding preferred
1
stock, which will be added to the general funds of the company.
The company contemplates substantial expenditures for the construc¬
Sachs

Go:dman,

the underwritings

parts

will

7 -7 ;.y::

of which

.

ordnance

the War Department for operation
by
In the production of gears to be used

8

,^

taxes

Motor Products Corp.—To

shares,

than $5,000,000 of new

filed a registration statement with the
shares of a new preferred stock and 118,000

Feb.

on

company

shares of common stock,
"certain stockholders.

$675,000; notes payable to
bank
(maturing $387,500 in 1947, and $375,000 annually thereafter
until
paid), $1,700,000; Deserve for Certain. contemplated pensions,
$48,000; capital stock (par $5), $1,040,619; capital surplus, $126,798;
(earned

Sachs & Co. and Lehman

with more

company

7

LIABILITIES—Notes payable to bank, $200,000; accounts payable
'(trade) and sundry accruals, $361,206; accrued salaries, wages and
adjusted
compensation, *$184,243;
dividend
payable,
Dec.
1,
1945,
$104,031; social, security and other taxes (estimated); $58,341; federal
income

the

kk'kr.

The

$4,497,612; sundry investments, etc. (alter $31,000 allowance), $15,704;
land, buildings, machinery and equipment, etc. at cost, alter $719,236
depreciation),
$1,043,979;
unexpired
insurance
premiums,
prepaid
taxes, travel advances to salesmen, • etc., $50,736; trade name, good¬

that Goldman,

expected

Registers With SEC—

f-

doubt¬

1

is

provide

money.

inventories,

will and patterns,, $1; total, $10,352,031k

will

which

It

will head the underwriting of a public offering of new

Brothers

$1,191,530;

Savings Bonds (defense series G, at cost), $50,060; U,' S. Treas¬
ury certificates of indebtedness (series D,* at cost), $2,100,000; U. S.
Treasury notes, tax series C (at cost), $315,000; notes receivable
ful

shares.

mon

%

■

cash

S.

907

V

stock
1fi9

($1
n

par),

"}n77

$1,483,895;

surplus,

$6,775,117;

"■

•

THE COMMERCIAL & FINANCIAL CHRONICLE

908

National Steel Corp.—Earnings-Dec.

•Profit
and

*

operations

from
income

Interest charges-

portion—

tUnamortized

■

for Fed,

Prov.

Net

profit

1,545,000

^

shares-

$1.21

-

$5.04

-

net

Total

of

end

the

of

1944.

$15.26

to

■

basis

the

-on

enough

value

market

a

$272,993,

„

a
share a year earlier.
at a cost to the company
$4,786,517 on Dec. 31, and

of

ENDED DEC. 31, 1945

STATEMENT OF INCOME YEAR

Income

Expenses

$121,757

Total

•_

15,779-

1944

account at Dec. 31,

Balance of distribution

'

30,186

-——

income, excluding security profits and losses—

Net

■//

■

—————

\

$137,536

—-

—

-

^Allocation to distribution account of portion of amounts
'

and

subscriptions

on

-

Dividends

,' Less,

19,929

$157,466
——■-_—.■■■/ 523,539

Total

declared

stock

capital

on

Balance

ending March

SHEET

cash

$3,908,788;
interest

for

$22,671;

subscriptions

Nehi

after

Net

Federal

552,000

capital

Shares

of

the

20

which

upon

/

OF

NOV.

ENDED

YEAR

INCOME,

Army
airline

—_i—

'

■■pales'.
—V,

315.'

p.

$233,730

$6,176,478

$6,410,208

—

—

163,

Net

'

.

,

inc. tax accrued in prior years

^

The company on Feb.
for

Net inc. (exclusive of security

'

intends to call for redemption its outstanading 146,478
cumulative preferred stock, par $100. The* old preferred
at $125
per
share plus dividends.
The romnanv Is
granting to such holders the right to receive the redemption price of
their shares of old preferred by the delivery of six shares of 4v
new
preferred for each share of old preferred. As the amount of new "in¬
ferred will be limited to 675,000 shares, the right is limited to holders
of
old preferred who
first deposit an aggregate of 112,500 shares
(76.8% ) of the old preferred/
The holders of the remaining 33,978
shares (23.2%) of old preferred will be required to take the redemp<
tion price of their shares in cash.
The redemption price of the 33-,978 shares of old preferred is $4,247,250, exclusive of accrued dividends,
and the company has made a commitment for a bank loan of $4,200,{ 000
The plans of the company contemplate that such cash be event¬
ually provided through
the sale at competitive bidding of 140,000
additional shares of
its common stock at the same time as the
company's parent, Standard Gas & Electric Co., makes its contemplated
sale,, at competitive bidding, of all of the common stock of Oklahoma

England Gas & Electric Association—Output—

'

Fo;

ended

week

the

Feb.

from sales of securities^—
Unrealized appreciation of secur. during

the Association reports electric output

8,

owned

11,009,757 kwh.
This Is an increase of. "286,122 kwh., or 2.25%
production of 12,723,634 kwh. for the corresponding week a year

•of

*

7%

it.

by

The

the

manage a group-

///

.

first

*$49,967
1,508,765

;

from

,

.

distributions

month-ended

the

For

Jan.

31.

mortgage bonds,

Payment will be made at the Chase National
York, trustee, 11 Broadway, New York, N. Y.

were

BALANCE

output of 57,608,075 kwh.
This is a decrease of 960,636 kwh, or 1.64%
.below production of 58,568,'ill kwh. for the corresponding month a

{year ago.
Gis

•

for January, 1946 is reported at 758,401,000 cu. ft., a
17,858.000 cu. ft., or 2.30% below production of 776,259,000
in the corresponding month a year ago.—V. 163, p. 783.
output

decrease of
it.

cu.

NOV.

1945

30,

General

The directors

-

,

■

declared

Feb.: 5

on

dividend

a

cents per share

of 45

Other

paid on Jan.

last., Distributions during 1945

2.

2, 40 ctr.ls quarterly and 20 cents special;
Oct. 1. quarterlies of 40 cents each;—V. 162,

were

and

follows:

as

April

July

and

2,

2

2821.

p.

issuable

issued or

Jan.

iless

redeemed shares)

Net

Clock

Ilaven

Co.—To

Vote

Feb.

27

and

liabilities

to

to

stock

successor

of

be

Co.,

the

new

Tentative
is

an

ue

corporation

to

The

as

for

company

each

share

of

—V.

with Reynolds & Co.

4'72 %

$1,250,000.

to sell
additional

provide

to

Newman
;

W.

Adsit,

Treasurer,

.

the

of the

company

distributions

Code

as

>

be

under

Section

Dec.

The

above

Treasury

allocations

tax

return.—V,

(PerSh.)

(PerSh.)

:

have

been

the

of

$0.50 /-'•
1.00

.41762

.06238
.21910

0.50
1.00

.780C0

- -

.

.

Patrick

directors

It

is

announced
Bank

5%

thereon have
of

said

and

notes

that

of

„:/"/

tentatively

approved

final determination
usual annual audit of

its

certain

City
gold

remained
or

this

of

is

-

i.-;"-,;'--.:. '

k

■

•' -.V-

.

Vice-President

and

Seymour

H.

Knox;

to fill vacancies

corporation
Chairman

v•. ./

_

•

'■

<

by

the

upon

the

U.

of

the

director

on

Trust

Marine

(he board.
of Buffalo

Co.

;;

and

of

a

Marine

the

of

Marine

Co.

Midland

of

the

Trust

York,

New

corporation

the

of

bearers

March

11,

of

1946




York

dated

unclaimed

163, p. 315.

deposited

moneys

New

notes

by the

the

order

in

^pril 1,

W.

bearers or

coupons

they

to

will

redeem

registered

for more than

be

the

Na¬
out¬

1928 and pay interest

returned

to

owners

six

New

years,

York

value

314,687
82,815

$2,192,143

$1,946,994

—-j———

72,085

______—

and surplus

Feb.

acquired

13

nation's

the

assets
of

'■%••'■

trade-marks,

patents

Effanbee,
dolls, in a

affiliate,

and its

Inc.

manufacturers

largest

high-quality

Fleischaker

&

include

Inc.

Baum,

founders

two

Fleischaker,- President, and Walter Fleischaker, Vice-Presi¬
Secretary,
and Sales Manager.
Bernard
Baum,
son
of the

dent,
other

founder,
Sadacca
was

the

largest

producer
the

is

This

makers

air

and

and

cf

Baum,

also

of

third
In

35

of

Treasurer

years

making

quality
major

and

Factory

EFFANBEE

the

are

the

company

dolls.

facilities

and

line,

expanded
the
world's

be considerably

to

ago,

ultimately

Hamilton,
space

units.
O.,

step

In

December

manufacturers

heaters.—V.

■

-

Government securities

1944

.

Accounts
■

receivable.

Materials

and

^

—-

-

720,378
93,802

——.—{

389,321

18,902

30,964

—$68,410,269 $66,389,768

LIABILITIES—
series+.A

Common

stock

Retirement

367,152

Total

349,086

33,397

>38,511

accrued liabilities

reserves

.

reserves

Earned

—V.

and

credits

Deferred

Other

1,304,294
3,416,757

accrued

current

Other

-

surplus

147,718
132,920
i--—--L/.-;'l2,258,274 11,110,661
J-i - i;
15,006
25,269
—i—^' 9,357,151 { 8,049,065
——

__1

''

-

163~~p.

636,302

---////■—/ 4,031,645

accrued

Interest

'f
$9,000,000
9,303,900
9,000
18.000,000
4,954,000
60,000
_

preferred stock (par $50)—.
$9,000,000
($15 par) __———
9,303,900
Premium on preferred stock, series A
9,000
27/e% first mortgage bonds _s__:
—17.8G5.000
Bank loans, payable serially to 1949—3,933,000
■{{property purchase obligation
—%
40,000
Accounts
payable
666,346
Customers' deposits
' 1,382,673
4%%

87,482

332,609

i

annuities

Past service

1,587,163
521,374

:, 1,759,168

—/ ;

v,*.,
'

Miscellaneous deferred debits
Total

——-

—

supplies

Prepayments
;•

-

.

———

$68,410,269 $66,389,768

316.

Oregon-Washington Water Service Co.—Bonds
Peoples Water & Gas Co. below.—V. 161, p. 2004.

Called

See

•

expansion

taken by

Noma

in

the past

"Frigid Freeze," home and farm freezers, frozen food lockers

Heatrola

-

31

Manager.

January Noma bought Refrigeration Corp. of America,

conditioning

Co.,

is

announced

established

objective

two months.

Steve

Hugo

SHEET DEC.

$63,695,781 $62,437,254
880,432
379,075
Other.:,lnvestments;-/^-/^%-i-,----«~.--w-iv--i'-.//;{/ .21,036,/ / -24,757.
Cash
868,988
916,196
Special deposits- -i_;
—19,170
16,178
S.

firm,

the

of

Bernard

BALANCE

1945

plant

Utility

U.

Taxes

transaction

with

with The Chase

on

properties of Fleischaker & Baum,

Mr.

.

427,500

requirements:

preferred————,

COMPARATIVE

Corp.

F.

Noma Electric Corp.—Enters Toy Field—
This

and

of

said De¬
company's

746,487
$2,416,582

ASSETS—

and

involving more than $1,000,000.
s/.
'.//Henri Sadacca, President of Noma, stated that the management
and policies of Fleischaker & Baum will remain unchanged.
Officers

S.

stock .dividend

Balance for common stock

-

elected

recently

were

He also
Woolworth
Co., Gaylord Container Corp., Hewitt Rubber Corp., American Steam¬
ship Co., Messer Oil Corp.^ and Bogalusa Tung Oil Inc.-1
Mr.
Hodgson
is
a /member
of
the
newly-formed
law
firm
of
Hodgson, Russ, Andrews, Woods <& Goodyear of Buffalo, N, Y.
He
resigned Nov. 1, 1945, as General Counsel for the Navy Department.
The corporation also, announced the election of Thomas C. Watt as
Treasurer
and
James
S.
Ely was, named Secretary to succeed Mr.
Watt.
As
Treasurer,
Mr. Watt succeeds James
H. Anderson,
who
continues as a Vice-President.
Mr. Ely recently was discharged from
the Army in which he served as a lieutenant.—V. 163, p. 466.
director

a

cash

$3.00

$.28148

162, p. 2949.

that

the

serial

after

Dock Co.—V.

Hodgson

Knox

Mr,

which

tional

H.

Inc.,

Ntw York Dock Co.—Funds Returned—

standing

v:. J- ■//

.:.

Niagara Share Corp.—New Directors, etc.—

.

Total

$2.71652

pending

Department

Non Taxable

None

.r.

1945..

partment's. completion
income

and

Internal

None

——j

year

the

of

1.00000

10.1945.——
for

the

paid

$.50000-'/

:

:

10, 1945

To'al

.

(PerSh.)
——v

9, 1945

Sep /

(b)

U5

Taxable

•

Dale Paid—

rch 10,3945

to

letter

672,602

—

Preferred,- $50 par

783.

p.

follows:
'

M

in

.

of the opinion Jhat dividends
a located
as
between taxable

are

snould

1945

year

hon-taxable

June

7 -stated

'

The officers

Revenue

Feb.

on

stockholder i:
during

*

•

Jersey Zinc Co.—Taxability of Dividends-

163,

■

/

is

,

'

stock

common

.

-

preferred stock
working capital.—-V.. 162, p. 462.
■
r-

New

New

H. White, President, announced.
through the issuance of three shares of

arrangements have been made

of

known

be

0rl7,336
$3,163,070

$2,619,643

deductions

Preferred, series A, 4%%

income surplus (deficit), $14,417; security
(deficit), $3,348,623; excess of value of investments based
market quotations over cost thereof, $5,611,088; capital

closing

;'•■>p\(.

a

Richard

effected

presently outstanding.

at

0r21,759
$3,292,246

—

—

$5.50 convertible prior

to common stock: common stock—authorized," issued and
outstanding, 1,000 shares of $1 par value, $1,000; total, $25,979,148.

Split and

special meeting to be held on
transfer of all of the company's assets

proposed

a
a

will

asked

be

Watch

&

trans!or

common
: ■:

approve

Clock

Haven
The

will

stockholders

1,768,462
$3,180,406

——

income

profits surplus
on

Change in Name—Plans New Financing—
The

1,522,594

—

—

paid-in surplus, $20,961,404;

.

Stock

on

(net)

457,621
914,476
2,964,000

.

$3,314,005

accruals

income

Preferred

applicable

New

——763,216
923,798
income,-—2,886,800

'

shares), $2,411,811;

2,411,811

reserve

income

Gross

special stock; special stock authorized by charter, (4,000,000 shares of
$1.C0 par value
(divided by the board of directors into 23 series).—

th;--. capital stock, par $10, payable April. 1 to: holders of record
March .1".
A quarterly of 40 cenis and a special of 30 cents
were

on

state taxes on

operating income

Utility

Income

applicable to special stock: due to brokers
(securities purchased, not yet received). $220,555; payable for special
Stock redeemed, not yet received,
$120,386;
accounts payable and
accrued expenses and taxes, $15,944; capital and surplus applicable to

taxes

Retirement

$25,979,148.

Hampshire Fire insurance Co.—Increases Quar¬

New

6,953,993 / 6,067.395

Federal and

LIABILITIES—Liabilities

terly Dividend—•

$16,364,408 $15,352,361

revenues,

Maintenance

on
deposit with cus¬
closing market quota¬
tions
(cost
on
the
basis
of
identified
cost
of
specific certificates
held,
$17,639,836), $23,250,924;
due
from
brokers (securities sold,
not yet delivered), $10,995; dividends and interest receivable, $224,874;
receivable from wholesale distributor for special
stock sold, not yet
"delivered, $447;286; prepaid -and" deferred items,
$1,430; applicable;
to
common
stock:
cash
on
deposit with
custodian, $1,000; total

ASSETS—Applicable : to special stock: cash
securities—value based on

•

-

SHEET,

Operating

interest.

DEC. 31

MONTHS ENDED

12

FOR

EARNINGS

$798,134
surplus.

profits

security

from

S 139,000

Bank of the City of New

made to shareholders during 1945;

and $759,918

surplus

todian,-$2,042,638;

Association reports electric

the

4945,

income

Co.—Partial Redemption—

for redemption on April I, next,
2%% series due 1961, at 101% and

called

Deficit.

Cash

Jaiyiary Electric and ,Gas Production Lower—
/

::
;

been

have

to
of

///

Oklahoma Natural Gas
There

.

output for the Feb. 8 week is reported at 173,626,000 cu. ft., an
increase of 3,007,000 cu. ft., or 1.76% above production of 170,619,000
cu. :t., in the corresponding week
a year ago.

>/'

;

an agreement with a dealer-manager
of security dealers to obtain acceptances

163, p. 784.

right.—V.

optional

-above
ago.

.

make

will

company

form and

of

$814,772
15,030,645

year

of

.

ACCOUNT

Net proift

company

redeemable

is

$368,988

$731,063

profits & losses)

PROFIT AND LOSS

SECURITY

New

675,COO

shares

331

r

Gas & Electric Co.—Registers With SEC—
7 filed a registration statement with the SEC
shares of 4% cumulative preferred stock, (par $20*.

Oklahoma

invest-;

—.

;

completed, W. Fiske Marshall, Vice- President
Northwest will have carried more than 30,000 mili¬
tary men across the nation on Its four daily trips between Newark,
N. J., and Seattle, with stops en route at/Buffalo, Milwaukee, Bis¬
marck, N. D., Billings,, Mont,, and Spokane, Wash.
/
,
The
corporation assigned about 125 pilots to the project to fly
the fleet of, 15 Army-owned transports./ Chief maintenance base for
'the fleet is at Holman airport, in St. Paul, Minn.—V. 163, p. 467.
project is

the

When

$368,658

$731,063

income

Adjust, of Fed.

:

Increase

1945

1946

from their regular
soldiers and sailors

after the end of the European war.

operations,; said,

1944

149,200

transcontinental airlines ordered by the

four

of

one

to operate the "trans-con" service, separate
operation, to speed movement of returning

shortly

$446,243
77,585

'

Its- major
opetation
operated

August.

last

Northwest -is

30

$880,264

;

income

Expenses

Newberry Co.—January Sales Rose 3.8%—

the

since

(Excluding Security Profits and Losses)

Total

v?

that it will complete anothe# of
assignments on Feb. 28 when it will discontinue
troop-carrying "trans-con" military airline it has

military

:

Military

•„

The corporation announces

of

.

(J. J.)

of 6.4%.—V. 163, p. 783.

To Discontinue

—

Airline—

advanced more than the gen¬
Standard 90 Average, w^lch Is

the

by

Airlines, Inc

Northwest

industrials, 20 rails and 20 utilities.

SUMMARY

2517.

Month of January—

the weelc ended Feb. 9.1946
with 47,007,000 kwh. for the

corresponding week last year, an increase

Series

Industry

measured

as

*

,

$1,024,355

$901,667

,

(Del.)—Weekly Output—

output of this company for
50,007,000 kwh., as compared

totaled

building

market

554,000

1,350,000

profit

162, p.

-

Co.

Northern States Power

v

Net

Electric Co. of Missouri, St,
The North American Co.

,

Electric

Diversi¬
he could not afford to

1945

—V.

eleven

in

made

made up of 50

1,380,000

—————

of

-elected /a. director
'
.'
-

—V. 163, P, 196.

The

$2,928,359

taxes

profits tax

excess

1944

$2,833,667

—

materials

as

President of the Union

been

has-

Louis,

for

programs

,

Elects New Director—

tobacco.

Fourteen

charges

income

/Federal

Four

equipment,

eral

1945

'

-

Series

,

made* in' each of- the preceding

was

"

/•

j, w." McAfee,'

.

gains of between 40 and 50%: machinery, steel, metals
Six .had/gains of 30 to 40%: agricultural, oil, railroad
supply, electrical equipment and business equip¬
ment.
Gains of 20 to 30 %
were made
by chemical, food and auto-;
mobile.
Gains of 10 to 20% were registered by insurance stock and
{bank stock.
,
•

for

*,

Industry

& Electric,

distribution

similar

quarters.

chandising.

Corp.;—Earnings—

Calendar Years—

A

loss."

a

: and

securities ' purchased, $55,163; payable
for capital stock
purchased, $2,477; accounts payable and accrued
(menses, $5,510; capital stcck,
(par $333,643;
capital surplus, $3,554,779; earned surplus,: $326,652; total, $4,278,223.—V. 162, p. 2646,
LIABILITlES-^-Payable

.

share of Pacific Gas

per

Among the 20 Industry Series were five that made gains in the
1945: fiscal year of more than 50 %
in net asset value per share:
alcohol
and
distillery,
aviation, ' railroad,
public utility and mer¬

$4,786,517),
trustee, $272,993; dividends receivable and
receivable for securities sold, $55,953; re¬
to capital stock, $17,818; total, $4,278,223.

by

held

accrued,

ceivable

Speculative

take

1945,

31,

Dec.

at

value

(market

ASSETS—-Investments

fied

$23,947

1945

DECEMBER 31,

AT

the

cash holdings or more (conservative
It would be a mistake for any shareholder to place in

ments,

1946 included In earned surplus..—

15.

BALANCE

used

investment

through increased

{Series

quarter

for

distribution

dividend

for

available

390,020

investments

portion cnarged to surplus irom saics of

have

of

100

stock, cash will be paid at the rate of 45 cents per share of North
/American common, based on the market. price of approximately . $45

V

,

Co.

will

dividend

The

,

'

paid on redemptions of
capital stock equal to per share amounts of undistributed
net income inciucted in sub-acnpcion ana redemption prices
received

construction

'

1

.

be paid April 1, 1946 to stockholders of record
March 4,
1946 subject to approval by the Securities and Exchange
Commission.
In lieu of fractional shares of Pacific Gas & Electric

'01;

/investor, with relatively complete media for the achievement of a
particular investment objective, says the report.
'
,
'
*
DIF-is designed for those who desire primarily adequacy and con¬
tinuity of income.
"Better-than-average income is usually available
only at some sacrifice of opportunities for capital appreciation," it
is stated.
"The income-investor can hope that in the long run he will
obtain growth of his capital, but both the advances and declines in
the market value of his holdings will
ordinarily be less than those
of investors who put appreciation at the head of their list of objec¬
tives."
'
DSS, on the other hand, says the report, is for investors interested
first and foremost in seeking capital gains, at least with part of their
capital.
It is a vehicle lor "greater risk-greater reward" capital.
While
providing an element of protection which is not present
when an investor buys one or a few individual speculative securities
or
concentrates his holdings within a narrow field, neither diversifi¬
cation
nor
competent
supervision can
guarantee protection against
a general decline in securities prices, the report warns,
/
* <'
"While it is the hope of your management," shareholders are told,
"that when such a. time comes it can
restrict the decline in this

,/ $151,943

'

they might: otherwise select.

^

-

,

'

.

,

Series,

special purposes. These
can
be
designed to secure better-than-average capital appreciation
under
favorable
market conditions,
for relative stability of income,
or
for defensive purposes when the market trend is in doubt.. . . .
"Thus, the Industry Series provide the investor with a means for
establishing a program which can be as aggressive or as defensive
as
he wishes."
;
>
/
In contrast, the corporation's General Management Series, Diversi¬
fied Investment. Fund and Diversified Speculative Shares, provide the

of $3,908,788,: had
cash amounted to

carried

Industry

20

the_ Pest individual performer, in the industry, but
reasonably'-expect that It will be far better than the

/•'Other' investors
the

1945 aggregated

31,

Dec.

on

,

.

corporation's

choose

to

they
can
worst, which

"

$13.91

against

Investments,

:

company,

a

the

the same industry."
know," the report continues, "the result of, their investment;'
equal that which they could obtain if they were fortunate

not

will

$5,092,804
market quotations and compare with $3,001,516 at
Net asset value per share on'Dec. 31 last amounted
of

assets

in

"They

/p|

Inc.—Annual Report—

Nation-Wide Securities Co.,

of

%

:

stock

amounting

doubled.

stock

selling and general expenses, and all
other expenses.
tAs of Sept. 30, 1945, of expenditures under certi¬
ficates of necessity applicab.e to the period Jan. 1 to Sept. 30, 1945,
85,496,948;
less reduction in Federal taxes on income, $4,620,000.
■fIncluding amortization and Federal tax adjustments (shown sepa¬
rately in report for quarter ended Dec. 31, 1945),-—V. 162, p. 2396.
/

30, 1945,
year
earlier.

Stock—

The directors on Feb. 11. declared a dividend on the common
payable in the form of common shares ol Pacific Gas & Electric
at' the rate of one share of Pacific Gas & Electric stock for every
shares of North American common stock held.

;'

to $25,621,364 compared
The", number
of
iis
shareholders

Nov.

in

Dividend Payable

Co.—Common

Pacific Gas & Electric Co.

signed by Hugh W. Long, President,V;
corporation nearly tripled during the

,

of sales,

cost

deducting

•After

the

,

*$4.87

•

,

1945

of

,
1
;
P
the report says,
/"offer
the
investor
a
flexibility
and
control over his
investment
program
which are not present in a broadly diversified fund; at
the same time, their use assumes that the investor will maintain a
degree of continuous direction of his investment program which Is
Pot required m a broadly diversified fund, v:
'
'
"Most of the investors who have bought /share of the Industry
Series have probably - done so in preference to buying an individual

$10,751,369
2,206,392

$2,670,396 $11,117,764
2,206,392
2,206',492

,

'-$1.06■

-

,

ended

$8,619,811

Shares

17,200,000

3,050,000 f 16,000,000

.

$2,207,091
^,208.^2

———

Shares outstanding-j.—per

with

for

assets

American

North

Stocks, Inc.—Annual Report—

report

net

year

nearly

*

'

taxes on
.

profit

r

,

/''■

$4,629,039 $5,720,396 $27,117,164 $27,951,369.
876,940 "
• —;v,
"r-r-

?

income

Net

.

annual

that'

.fiscal

$44,139,569
:'!•,'i
3,724,484 418,582,320 14,403,646
424,270
1,462,982,
1,724,554

314,285

-i—

profit

Gross

-

The

/shows

$9,874,150 $47,163,066

$6,324,698
Deprec., ■ depletion /and/-/
amortization
1,881,374

York

New

;

■

,

,

in- v,•/.'%:///'>;//

irom

dividends-

and

terest

; \

Quarter Ended——-—-Year Ended
31, '45
Dec. 31, '44 Dec. 31,'45 Dec. 31^44

l'

Monday, February 18, 1946

163,

p,

Noma

of

gas

782.

acquired

and

the

electric

Estate
ranges

(J. C.)

Penney Co.—January

Month of January—
Sales
—V.

-

163,

p.

231.

Sales Increased 1.59%—

1946
1945
Increase
$36,901,143 $36,324,563 $576,580

/A///'I/,'
(Continued on page 945)

/'/l

THE COMMERCIAL & FINANCIAL CHRONICLE

163 '. Number 4465

Volume

Stock and Bond Sales
DAILY
salse are dlarsgardsd In the days ranae,

NOTIO*—c»en and detsriwd ashvsry

?

i
'/"*

New York Stock Exchange

«»

WEEKLY

-

furnish a daily record of the transactions in Treasury

we

Figures ff/tcr decimal point represent one or more

,

4%*, 1947-52—

Feb. 14

2

V.

"-

••

3%s, 1946-56

./V

—

(Close

:

Total sales in $1,000 units

//,Vv

f—.

High

-

v

—

( High

■

■■•vv.

J Low
(Close

-

f High
1956-59————.—L. { Low
(Close
—

X:-XhXXXXX:XXXX,'-: '

(Close iv

if

Close

——;—i

2s, March 1948-50
'"
xX-X'X:■■■; -4 ;S 4;;. -4

( Low

—

-

':

•>.. :■

I Close
High

Total sales In $1,000 units
/■;,

( rilgSi

--V

■?/>■

=

.

'

•

(High
\ Low
(Close

■

-

:?■.

■■

Total sales in $1,000

units

—

—

•f
/ -JA;.. f High
2s, Dec., 1949-1951^—Low
(Close

High
Low;

——

Close

Total sales In $1,000 units—j—.

total sales in $1,000 units—

'

*
.

'

•
.

(High
2%s, 1950-52——————— ( Low
I Close

f High

.

—{ Low
(Closs

(Close'

Total sales in $1,000 units

,

'

(Hi«h
^1^53^^-*^.-—4,*-( fLow
XpX:xX\-Xxxxx:XXX'-i:' 4s'4^4:44ff4'(Clo$e4

(High
2%s, 1956-58—4-r^" ?Low.i

(Close

Tp(Rl^ales In ;$.(,000 units———-

Total sales in $1,000 units— —
*
f
■."/> *■ ' '
f High

Holiday

Holiday

8s.

2%«; 1962-67*————:—*—-I Low;
•
' ICIose

1951-55—LOW

*

(Close

-

.

.

Total sales In $1,000 unltsf———i

-

#'Tot»l sales In $1,000 units-——*—/
•

-

2Vis, 1983-1968——

units

In $1,000

Total sales

-

i

■.

^

Total sales

In

5

(High

units

v..

4

106.1

104.27

104.21

104.27

104.21

104.27

104.30

■

Total sales in

,

104.30

(Close

'

,

Total sales in $1,000 units—

104.30

—-| Low

(High

j! Low;
(Close

;
"

.

'

104.21

units
%

;. 1 V»s, 1950
•

1

f High

In $1,000

>:

•

,

106.1

Total sales In $1,000 units

2VaS, June 1967-72

(Close

106.1

/

Low

1948————.——*—i

Total sales

1

\Close

,

———I Low

:±l 106.3

105.26
v

''' (High

/

(High

;

1951-55———*

1%S

106.3

.?

j Low
.

■

Low

f ; Total sales In $1,000 units——*—
4vffv4>f:v:v^vc-f,. ■
[High

106.3

105.26
105.26

Close

Total sales In $1,000
/.V ■
-■/'•>

■

(Close

(Close;

$1,000 units—

2VaS, 1966-71

%

Total sales in 21,000 units...

Low

4

1952-54———.'

Dec.,

<

? • le

-j Low
(Close

.%///'•

( High

.

-

—

2%«, Dec., 1964-1969

X::

X

■

f High

•

.

i 2s,

{ Low
jClose.:.

Total sales In $1,000 units

% ■:

■■cW'Xy

(High

2%s, June. 1964-1969
-

Total sales in $1,000 units.———

-

<*<:;>.■

( Low

(Close

[Closs

-i

(High

2s, June, 1952-54—.

-—"I Low

?•/,%,
/v

-v

f High

.

Low

[ High
Si. Sept.^,1950-1952—-

\Total sales in $1,000 units—
-

-

Total sales in $1,000 units

Low,

,

•

1950-1952^-«-*ii-j

(Close

(High
2%s, 1952-54——*—*

-

8», March,

Total sales In $1,000 units

-

■

( Low
,4, tClOSO

2s, Sept., 1949-1951

(Close
$1,000 units—

.

Bales In $1,000 units

Total

(High
i I*"

1948

•'

2s, June, 1949-1951
X;X:XXXiX;Xi-.

(Close

L

..

1

Total sales in $1,000 units—
■

'.

'

;X~:XXr- XX^X^xXX-Xi HX{ u XX XX (Close1

(High
| Low

'

:.

103.17

20

tl, Deo. 1948-50—Low

Low

Total sales in $1,000 units.*-.-—i.

j

103.12

Total sales in $1,000 units

f High

2',4s, 1949-53———

103.17

• -

,

■

Total sales 1n

103.17

103.12

(Close'

,

2

103.12

J fllgn
"

units—
;

;

103.21

5

■

'\ xxX'X'-. { Hign
i Low
I Close

2 % s,

103.21

5

'

Total sales Id $1,000 units

-v--

103.21

103.15

,(Hign
2s, 1947
;
\ Low
'■'■X:'vX>XX'- ^
f'-fiV;" (Close
Total sales In $1,000 units
"

.

,

Low
.

103.15
103.15

103.10

(High
2V4s, Dec., 1959-1962——] Low

(High

2%s, 1958-63

103.10
103.10

Total sales in $1,000 units

2%S, 1951-54—

Total sales In $1,000

Holiday

Low

Total sales In $1,000 units

Close

$%S, 1956-59

1

(close

Total sales In $1,000 Units—

Total sales In $1,000 units

' X.

3

Low

(High
2y4s, June, 1959-62—Low f
■^■vXXXXX- X : XXXX- va- 4 (Close ;

—

Low

....

104.31

3

Total sales In $1,000 units

2y«s

—

,

,

104.31

104.Z4

j

-

-:vf

•

units

2%S, 1948-51—

,

104.31

104.23

(Close

•y4S, 1954-50
—

High

'te/-y xmx

104.28

104.14

3

,

;

%/////■•1 High
\ Low /

Total sales In $1,000

'

104.14
104.14

| hirii

■

k

Y'

—

1 Low
(Close

(Close
:

Feb. 15

Total sales in $1,000 units

(High
Low '■■/;*«
(Close

:v>

Feb. 14

104.16

(High
-

fsv.

;/•/

Total sales In $1,000 units-.
V

Feb. 13

104.13

J{

1%S, 1952-55

—,

-if-

———1

a%8, 1955-60

Feb. l'i

104.16

unitS
>.■

i

Total sales In 11,000 units

SS, '1951-55-..
4,-'
''

Feb. 11

Low

Holiday

—

.

—

f

,

3S, 1946-48

yf/s///:.--•;

Feb. !>

Total sales In $1,000 units

■

j Low /

1%S. 1949-52

■

Exchange

'

V/.v-| High '■

.

Prices

2%s, 1951-53-

—

Total sales In $1,000 units
■

year.

{ Low

//.///

:

/f'%'// Lclose %■

■

the

High

1 LOW
;

Bond

1967-72-

Total sales in $1,000

[High

' /'■ V'Y</:

for

vClose

Total sales In $1,000 units—

Z/

range

fHigh

Sept.,

2%S, Dec., 1967-1972

(Close

3^ 1946-49
/*.•//•;///

tns

I Close

( High
( Low

.

eompotmg

Total sales In $1,000 units

91,000 units
:

Vis,

in

coupon bonds on the New York Stock Exchange during the current

Dally Record of U. 8.

Feb. 15

—

[ClOM

Total sales In

32d of a

Feb. 13

Feb. 13

and Home Owners' Loan
point.
treasury

{High
j Low

Treasury

Feb. 11

Feb. 'J

Daily Record af V. 8. Boat P*leas

/

account is taken of sneh sales

United States Government Securities on the New York Stock
Below

week.

•

//r/

YEARLY

-

unless they axe the only transaction* of the day. No

3

1

$1,000 units

♦Odd

lot

sales

iRegistered bond transaction.

l

NEW YORK STOCK RECORD
LOW

;.

$ per

share

X

97%
*111%

/ V

$ per share

113%
125

-iw

•.

-„

125

17 y4

17

35:i:i

->23*'\:

'>

17%

17

35%

56

♦37Va

38

38

19 y4

18%

-1' '<•
X:

;/

18%

v

•54'"

♦130Vi

133

;

v;

;:.

*

10%

75/a

7%

•"•

63

75

*73 y4

4612

-

*107

•

'

*2334

108

-

*26^
37%

*107

27%

201

♦111Va
♦118

122

footnotes

v

23%




37%

38

18%

18%

19

.

23%

'

25 %
.

.

919.

'

37%

108

23%

35

36

22%

5 4 ya

133

55

131%

10 Va

10%

7%

7%

300

*

5.400

Adams

Motors

No

39%

1,600

Address-Mutigr Corp

19 %

4,100

Admiral

6,500

Air

55%

132%
11

140

Reduction

Alabama

&

Alaska

7%

69,400

Allegheny

Par

10

*

Corp.

15,900

..

1
Inc

No

Vicksburg Ry

Juneau

Gold

Corp

par

—100
10

Mln

*1
100

-

62

62

63%

8,500

5% %

74%

75%

75%

76%

1,000

45

$2.50 prior conv preferred-No par

45%

45%

46%

5,100

107 %

107 Va

23 3 4

23%

800

*lC7Va
23%
197'/a

26%

?53'»

37%

>4

108

23%
200

v

120

pf A with $30

war

Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
Allen

Industries Inc

203

203%

2,000

Allied

26 %

27

27 Va

1,100

Allied Kid Co

37%

37 3 a

38

3,400

Allied Mills Co Inc

Chemical

.

1

Corp

&

No par

100
1

—

Dye

-No

par
0

No par

.

;

$ per share

share

99% Feb

5

60%

116

Jan

24

lliy4

Jan

10

3

19

Feb

1

9%

4

36% Feb / 2

25%

3
4
3
3

24% Feb

.,

31J/2 Jan

19'/4
44V4
/ 32
17%
/ 52
122
8%

Jan
Jan

Jan
Jan

33% Jan

7
3

> 88

Jan

Nov

Apr

115 r

Jun

Jan

114 7

Dec

Jan

,

17% Dec

13 Yb Mar

35 }
21%

29

32%

Jan

47%

41% Jan

28

22%

Apr

34% Nov

20% Feb

1

17

Dec

21%

1

38%

Feb.l

4

Apr

•

DeC^
Dec
Dec

Dec

Jan

56

98%

Jan

122

12% Feb

6

6y4

Jan

9%

Nov

8% Jan

28

2%

Jan

6ya

Dec

69 % Jan

28

34%

Jan

60%

Jun

82

Jan

28

56

Jan

74

48% Feb

6

22%

Jan

42%

107% Feb

8

91

Jan

Feb

58

133

Dec

Dec

Dec
Dec

13% Jan

Jan 17
29% Jan 28

153% Mar
Jan

24%

Dec

30

27% Aug

36%

Dec

210
.

108

Dec

Jan 30

25

l85y2Jan' 2
,

60

$ per share

Jan

57

Fety 13
Jan
9
Jan/3
5V4 Jan
3
52% Jan
3
68 Va Jan
7
38
Jan
3
105 . Jan 25
21% Jap-.4
22% Jan

Highest

$ per share

128

4

Year 1945

Lowest

2

Q2Vi Jan

__10

Express

Adams-Millis

per

112
Jan
/ 15y4 Jan

2.50

Co

Range for Previous

i

Highest

113Vz Jan 28

100
No par

Acme Steel Co

5,900
100

'--CX $

No par

preferred

ACF-Brill

♦",••/'

;

*

Range Since January 1

/fff/fLOWest;:^
Par

Abbott Laboratories

5,300

56

-

<

61V4
:

200 y2

38 Va

17%

22%
V

/

STOCK

'

v

•

4%

*52%

.

•

YORK

EXCHANGE ./>;;/

Abraham & Straus

22

7%

7%

46

133

35%

97 VS

753

10%

73%

197
'

52%
r

11 %

60%

*107%
'

*»

34%

53 34

135

45
r

36

page

37

18%

73

"

27

see

31V*

59

^

202

37%

53

7

-

— -

21%

54%

10%

;

-

22%

52

•

.

36 Va

*133

'

'

17%

18 V*

—

•

,

17 %

37%

'

•

17

♦95

35%

•

'

Shares

•

113

123

>fi-

—-

108

*26%

38

For

113

♦118

■

46%

23%

24
204

202

*111%

17%

97%

21

Ww

'■

75

45%

47

$ per share

/,>-'-V".•

STOCKS
NEW

the Week

123

*52%

.

62 Va

60 Va

75

per share

yx

Sales for

Feb. 15

113%

16%

i'

»_
'

■

7%

61V4

.

*118

'

_—

11%

7'a

■

v.

133

.11%

'/ $

Friday

'

/:.'- 97 Va

- /:■'

'

•«...

.

•

'

r

54%-

53 Va

55%

133

4

11V

Feb. 14

97%

-V-

u-.'

■

38%

119

'

■'

23

23 /
56

'/

■

—«

36 Va

22 %

*52%

36

♦52^4

Thursday

.

*111Va

f

■

■

♦120:

:

97%

97%

*120

mi'1?' 113 y2
.,

;

Feb. 13

$ per share

$ per share

99

♦92

Wednesday

Feb. 12

Feb. 11

Feb. 9

PRICES

Tuesday

Monday

Saturday

>4::

SALE

HIGH

AND

39

,

.

Jan

15%

25%
194

Dec
Dec

STOCKS

Feb. 11

Feb. 0

$ per

$ per share

107

107

■

52%
131%

129%

33%

32Va

6 3 2%

10%

10%

'

'•

32%

.

'

10%

*58

66

141%

144

144

44%

44%

44 VA

72%

72%

73

74%

37

37%

80%
26%

79 V2
26 Va

79%

26%;..77

55%

54 Va

56

•'/ 38

38
80
26

:

55%

43%

■44%;

36

•'•■:.■;

>133
15%

16%

15%

97%

98

97

97%

*131
-

/■

30%

30%

" 107
50%

107

48 ;:

10%

20

*19

42%

42%

38

39

38%

12%

11%

59%

110%
16Va

16 Va

16%

17%

102%

102%

i. 103

103

*15%

15%

15

13

*118

39

39

*143 Va

16%

109

108%
97%

186

*182

186

35%

34%
99

39%

39%

303A

30%

44%

45 Va

70

70%

68%

179%

179%

178%

179%

*49%

50%

*49%

30 Va

35%

*56%

57%

155%

*152%

Feb. 9

191 Va 192%
85
85

26

47

145

144 »A

14Va
49%
54 Va

45

*45%

46

*24

28%

28%

15

14 Va

43 Va

49'A

.

28 Va

27%

14'A

14»A

55 Va

*50

*106%

>

108

■

*106%

■7

75 3A

v.;,

103

*86%

118%

27%

118%

:

,,

27% 7 7;''

90% f
*120%
:• 30 vc

•>10%C

90Va ■'••

»»

12%'

56 3A '•<

50%
90%
126%

128 V8

:

91

17

*108

110

'"■••

33 %

:

7,'

->;
'•• ;V'

—

* !>

77

": •;' '■ZZvji

'•

::'7> 108

7;.777

7
;

75%

36 Vs

37%

36

27 Vs

44

V

V

Xu

27%

44 Vs

45

22 Va

22%

22%

22%

81%

82

81

82

41

For

41%

51

51 Va

55

55

••::•<•. '

page

919.

see

—

V<y

X

^




t

•

Dec

5

10
1
14

29% Jan

9

Jan

18

Va Jan

32 % Jan

28

*105 Va Jan

107% Feb

14

,

140 V-

Feb
24% Jan

7

64

70

Jan

-

:' 24

'

'

S

Jan

NOV

69

Dec

Jan

27 Va

Dec

7109%

Jun

15

Jan

43% Feb

11

14 V« Jan

30 V4

28

; 37

29

3%

7.

v

Jan

2Va

Jan

96

9

43 Va Jan

30

14

55% Jan

9 V* Jan 1

*12% Jan

28

Jan

28

63

3

Jan

17% Feb

11% Jan

22
99'/a Jan 21

Jan
"12% Feb

51,

47

68% Jan

7 105%

107

J20

737-i:7/

i

75%

;

;

; 118%

7:".H7 .7:

77-f 27%;

27%
56

55%

88

5777.; 87 Va
,!:•;••. 120

125

•

108

33%

33 Vz

1238

13

.75

.

/

17 m /'
■'77
108
• •

"•y-f

-yf/■■v'f;

76. i

,

'•.;

32

17%

7." 7 .10
7

"

^7,800
1,200

110

716,300
440

.

7

27%

300

•

117

88

790

■

103

Jan

15

2

7%

Jan

14%

Oct

Jan 11

48 Va

Apr

54

Oct

Jan

41% Dec

7 26

15

•

108

Jan

123

Nov

21

Mar

41

Nov

19%

Dec

39 Va

Nov

11% Mar

20% Feb

,

•

41 Va Feb

24%

Jan

Feb

130%

Jan

41 Va

Jan

86% Dec

2%
80%

Jan

28

54%

Jan

.

Jan

101

Feb

15

11 Va

14

:':176:7

.

Jan

99

9

18%

Jan

38

Dec

17%

Jan

31%

Nov

Feb

6
15

32

Nov

29

40 Va

Aug
Jan

44'%

73% Jan

181% Jan

15

164'A

Jan

50% Feb

6

41 %

Apr

Jan

31

14

40 Va Feb

,

48
•

170

•75

23% Jan

7

<:.

*-.77c

t

50

13%

77

817

37

y>
'

'2,800

preferred

Jan

31

Dec

Feb

6

41

Aug

60

/Dec

58 V*

;

155V4 Feb

.

9

Jan

16

x*,

150

Jan

25

3

15% Jan

29

Jan

17

60%

Jan

83

JU"

51 Va Feb

6

29 V»

Jan

49

Nov

38%

Jan

57% Dec

24 Va

Jan

45

109, July

113

43 Va Jan
51

43 Va Jaii
18 Va Jan

-■.-'■V/a Jan
27% Jan
12% Jan

122% Jan

': 15% Feb

136

Feb

143

10

111

3

.;

2

7ll2Va;Feb'l37

>24% Feb :14
Jan-K 2
18
45

;

Jan"; 3

84 Va Jan

3

28

34

Feb

76

115

Jan

14

Va,

•' Jan

3

55% Feb

8

111

Jan

45

Mar

105%

Dec

108% Mar

110% Jan

11

76 Va

Jan

113% Nov

120% Jan

12"

>

81

Jan

7

•••7IV4 -Sep

'9

7

i! 30 Va July

"123

31

y>

Jan

13
15

X Feb .13

7

18

32

14 «;

Jan

3

37% Jan

3
3

14'/4 Feb
.'• 83% Feb

29

2

30

4

4,600

40 V2

Feb

13

497/a Jan

9

Barker

.—No p"*

38

Jan

—50

53

2
9

50%

51

100

•

4%%

Brothers—

preferred

22

75

-•

.

Jan

Jan

28

55% Jan

23

54

•

2
.

.:

Jan

ff

18 V2

Jan

7

v

11 /

9% Jan

Jan

113 >

Jan

59 y* Jan

Dec

Nov t

10Va

X. 14%
5%
;. 58Va

Dec

■

.

.,

!

Jan
Jan '7
Jan

77

Jan

1

Dec

58

Feb i<*

,,

15 •

Feb

Nov

27 7/a

Jan

60

20% Jan
.126

42Va

120

Apr ;•;:

55 3%

7133% Jan 15

97% Jan

7 83 V4

♦;

14 Va

4

Feb

.

Dec

7 83% Dec
45 X Nov

,

•

110

Dec

.

28Va Jan 29 3
57

52 Va

120

;:X

Feb X

33 %

13

Feb

4%

7

5

Jan

43 - Feb
88-/3 Feb
> 40% Jan
f~
>

1393/4 Nov

}
.

Jan

101

7 48%

16

Feb

728%

Nov

13

> 87% Feb

108

Dec

140

' Feb

Feb

>

•

48

Jan

6 "I

15

>'25

Dec

Jan
Jan

7108

Jan

Jan

37

>

193/4

10
18

4

15

Jan"-" 3

73..\

NOV

:

x29% Dec

11% Jan

Jan

103 7 Feb'13
117

59% Nov
108

55

Jan
,

•

139% Feb

133 ;; Jan
52

Mar

Oct
Dec

127 % Nov
141
Nov

r

;

106% Nov:

9
15-

Feb

9% Nov
30%

X-; 15

t

113

145

131 »/b Jan

105

27 Va Jan

.

> 25'/a Feb
>51

Jan

•

>

42% July 7

60% Jan 17

54% Jan
107 V2 Jan

-

Jan

Nov

23% Nov

"

102% Mar

84

1,600

13

6%

Dec

Dec

49 V4

4 V» Jan -7
Sep

9;

;

Dec
11% Dec

X

23 V2

7>

Feb

4?

712% Aug

| ;4'

6

3

2,200

*53

?

2

51

49

3

31% Dec
140

•

38% July

,

8 '

24Va Feb

.

Jan

42% "

54

3

8; 7; 10% Feb
5
"4 •'• 7 30% Jan 31

Jan

41

4,9

11

9

79%

54

-.47Va Jan

7-

-

23

25

170
•

Jan

113

Jan

•;.'

>

M 60% Jan 14
/ 51
Jan lot

46 Va Jan

79%

51

I

25

22%

48

3/

3

*22 VA

41%

Jan

132

7

8

39 V« Jan

22%

40 Va

Feb

74V

5% Mar

preferred
—100
Bangor & Aroostook—
50
Conv 5%
preferred—
100
Barber Asphalt Corp——10

22%

,

Jan

43% Jan

"

',81

9

Nov

112

Jan >

9

100% Mar

10,700

22'A

r

Jan

•

9

30'A Jan ,16

7

Jan

3

,

38% Jan

46%

Dec

26% Dec

Jan

Jan

128 "

3

45 %

8V<

25.,

3

45%

79%

3

preferred—.—No par

Works

Dec

69%

121% Mar

Jan

112

-8"

-No par
—————-:_5<J

Locomotive

24 Va
;

Sep V

99 Va

15

Dec

r

43% Mar

24% Jan

Baldwin

161 Va

Jan

116 Va

33 Va Jan

44

r.

conv

91% Oct

65% Jan
713% Mar

Dec

90

Jan

65

145%

'

14

Jan

100

44%

42

29

4

Baltimore & Ohio-.-.——

43%

78%

170% Jan

2

17
30 :

57

-

$2,25

6

•

27 V2 Jan

,-

•

93% Jan

llOVa Feb

KR—— ——100

(The'

Feb

92V4 Jan 17;
7

196% Nov

Jan

157

3

Co——No pat

<»# Tioi

per share

195

3

Highest
$ per share

$ per share

3

,

»ri- *ii.\

i

i

Lowest

y

y

9% Jan

preferred——...
50
Atlas Powder—
—...—No pat

Horn

53% Nov

Year 1945

1

Highest

71% Jan 10

Jan

-

79

I SS Lines.—

Co

Jan

29%

51

151 •';'• Dec

13

.100

Corpx——'

Autocar

Jan

128%

29'/2.Jan

—No par X*_8 y.
No par 7:

Co-..-.—No par

65 prior a„

Dec/7

22%

108% Jan

6%

/..-y

29

17%

9

38,100

7V;.v..7:7 16,400

27%

41

,

Dec

43 Va

Jan

,

Aug

Jan 17

120 Va Jan, 16

non-cutn

92,200

36%
26%

80%

Atlas

164

35% Feb

33

18

7

preferred.j—-.100
A Atlantic Refining—.————26 7
:l:
4% conv,.pref series A—X100
s

Dec

Nov

50%

23% Feb

No par

preferred—-.——-100
.100

W

Dec

68 V<

Jan

27%

4

50% Feb

Oct

181

Feb

153

66% Jan 21
120

preferred———--.'-100 /
&

Decf

Jan

'

6

Feb

33V2.Feb

.

34 %7:7 iy, 7 2,100

36%

G

5%

30%

15%

36% Feb
100

50
5% conv preferred
—.i—100 7
25% Jan 12
:7':>> 800 $ Atlas Tack Corp—..
—No par
716% Feb';T3i
•' 1,100
Aystln Nichols—..——No pat y

13%

26 Va

Atl

19% Dec
1®4 v Mar

Jan

Range Since January

158% Jan

No par

Line

95% Dec

'

15

Diy Goods

Coast

104% Dec/.7

Jan

.Feb

22 V4

186

NoV

13%

Jan

6

20% Jan 24
II2V4 Feb

14

preferred—.
l——
100
Topei a it Santa Fe__X-—xlOO •

U Atlantic

.

142% May

■y 86V2 Jan

145

7

34

27 Va

Atch

.

Dec

7

/v

Jan

120

17%

36%

5%

'

•r%: 8%

5,100
—

.

?■ 32

26%

7

177 7 400: /

55%

110

1st

Nov

Jan

3

Feb

y'y.-7% 2d preferred-.-—--

1,300
i

34%

36"

-

3,000

,

88%

120 V

Vi 6%

•

90

14%

6% Jan

Feb

$ per share

No par

—

A. Absoc Investment

; 76

-88%.
34%

56,:7

17.,

1

7 4i

40

7/ fr

34 %

/fyvsy,! 60

109 > Dec

7

3

Feb

14

Elec

* i,?

Dec
Dec

9

y-. 41%

2

83

Corp.X..—^iXJNi^'-par'y

Artloom

Associated

2,600

120

• ;•"•:

,

89

*30% 7,31"7;7

7

n

Dec

58

Mar

,

Dec

10%

118% Jan

15

187%* Jan

preferred -x.-i-i-.wNp par r

$3;75

7

70

44% Jan

"7 83

Co——21%'y-.
Minlngi-———..20
-^-8 >

preferred
Cork

56 Va

4

,

13% Jan

2

47% Jan

Par •: f:'•

.26

of Illinois—;

& Co

Nov

Jan

8

15% Feb

Jan

147
7

Nov

109%

X'..5;'Jan7'

8

7103% Feb

3

/

50 Va Jan
•

Nov

40

S

Mar

38%

112 4 Feb 7 7

3

104'/a Jan

;

8%

Jan

-'■,

13

Dec

XI17%

Jan

>91

6
9

Feb

113

49 Va Feb

'

9%

19% NOV

43% Jim

'

108% Jan

55

7

Jan

20%

124% Feb

"•

Jan

10%
27

Jan

Dec

57

Jan

t
•

33% Jan

par,.;

;

105% Apr

Jan 23

11 V« Feb

par.

Dec

18%

20Vn Jan

,

Oct

29%

7 69

Feb 11
3

6% Jan

Dec

V 149

>13% Jan

Jan

113

156%

;

112% Mar

Jan

par

.127
Nov
42 .Dec

Jan

a

Dec

•

8

48>

67%

Jan

27-

18

•

-

£6 X;

110 7

58

Arnold Constable Corp—_
:

108 Vz

*106%

V

40
.

*122

•

7,
;

;

199

Jan

39

Feb

>-100 ;

86 conv prior

,

53%

87%

7

' '.108 :fy"'7:

35%

Oct

Jan

16

40% Jan

i-

—

Armstrong

6,900
,

„

139 %

*50

27 %
77

f 30% 7.32 Va 7;
12% 7 77
12%

80

Vf

52

footnotes

j

22

55%

51%
*55

;/

.

*•

1

fc

112'/a

183%

150
Feb
155 % Jan

14

—X—.100 '■
.—10

Wks &

Copper

X 1%

>700

7777:.

25%

'

26 %
43

.

,

.

118

»31 Va

7>:7 73

•.

36%

27%

'• "•"

■

77;

-

,75

,

34%

126 Va

31%

[te/;: 16% 717

•

50%

139%

108

40

'

*124

'•;• •".

'X.

13 v8

76

42%

i-'/ '

■

Feb

15

132

3

Feb

142 7

XxlOO,

Archer-Daniels-Midland

7 «•

300

141% 141%

75

*88

90%

3
10

Aug

89'%

Feb

70 Va Jan

7 37% Jan

'

105 VA

.

'

61% Jan
121V4 Jan

10 V2

Va Jan

15

Range for Previous

Woolen

Preferred

Armoui

170

27

49%

120

;<•/•

56%

87%'

>77/

34

12%

75

41%

7

2,400

724%. \ 25Va

104%

27% 7
<'

'

7l,/7:X"X'": 7.7'

:V7

33

75

*56

48%

119

118

27

/7

25

53 Va

35

'ft
:'y\ >':'WX4V^;.-J,|V7

26%

26%

139%

88 %

.

205

P W Paper Co Inc_—

A

400

142

>

57%
*111% 115

115

*106%

:,/7:

40

34

,

•

126%

17

17

13

';•

.. •

31%

31

30 V2

109%: 111
*33

118% 118% f
27% >
27%

56%

*56

57

*50

/

74%

Va

90e7'7>f
735%:'7 7, ;;>* i
■

35%

142

48%

119

39

*39Va / ,41 -/vyx/

90

35

62,500

132% 132 Va

139

•:/ 104

:^:.73%

^,>7

41 Va

*86 Va

108

*118%

7"

■

*39%

35'A

15%

14%'

141% •141%

"

,

55%

108

;c
;

75%

x74%

1,300

-

23

139 V2

*50

104%

118 Va- 119

,77%

142 :

10

'

preferred—^.—.^—.100

Andes

200

'

48%

y

138

.

108

103%

119

28%

X28%

7

24 Va

24Va f
21 Va ■£.

*141%

55%

-

106 %

105
*118 Va

48

49
142

13

196% Jan

Anderson, Clayton &

1,300
3,100

56%

*110'/a

112%;

700

23%
10 Va

142

56

<

640

%

132%

*131

>138

>
56%

20%

,'■>

95% Feb

106

Smelt-;
1
% 85 prior conv preferred:
—"-25
Anaconda Copper Mining
_50
Anaconda Wire & Cable..^—.No paf
7 Anchor Hock Glass Corp-——-.12.60
$4 preferred
—.No par

114

23%

14%

,

.

'

28

-

45

>' 10

9%

9Va

*24
^

128

1

Amer Zinc Lead &

25,800

[' 47% 7 47%

46%

•

*23% 7 23%

9%

;

84

*44

-

V'

X41

25

Jan

Lowest

Viscose Corp

>y,r4{ r?i" :i *

|f|

29

Jan

17 V4 Feb

B-XX-xx^xx>_.XiA28.

preferred;

American

9,400
100

50%

*112%

13%

■138>y,7;yv

*50

44 7

45%

23

112%:

Jan

136

(STOCK

$6 1st preferred

7

800

.85

53%

53 Va

27%

,

138

49%

43'A

200

13,000

14%

♦81%

>112% :114/

46

56*

V 57

Type Foundries Inc^

Water

Am

37,500

•

145

82 Va

*52%
'.

114

23

57%

*48%

6%

6%

48 Va

14%

*80

44%

45 Va

20%

21

pa*.

Tobacco

/ Common class

•

4,900

25%

145

14%

kOttti

Telep & Teleg Co^

American

4,900

111

45 JA

144

13%

7

53 Vi

14%

*141%

24%
*110%

9%

25%
>24%
22%/: 22%

49 Va

Amer

78,800

,

120%

*118

47%' 49 Vs

80%

'

138

85
-85

24%

49

>112% 117

142

>

120%

144

13%

142

138

193%

111;;
44%
46%

132 Va

25%

165

*118

143% 144'A

;

42

rj 69%
>15%

Feb /; 2
21

—1

■

•

24%

142

23 Va

*

*110%

132'A

;

84%7

24 3A

142

*141'/a
.

83

110%

134

25%

84%

83 V4
,83%

192%

84%

23%

'

Jan

50'
133

50

Shares

share

192%;

192'A

110'/a

*112 Va

14

'

120%

52

Jan

EXCHANGE

the Week

Feb. 15
$ per

NEW

Sales for

a/

Amer

142

23

Friday

American

*132

j

7.

-

490

47%

30

Am Sumatra Tohacco——No par *

6,400

134

117

2,100

4,800

143

*112%

500

•50%

27
70

9%
28%

56%

157%

ao

164

142

56 V2

*152 Va

*
.

69

134
56 Va

153

163%

|:>43%

7

14

American Sugar JRefining^—100
Preferred

263,4

24

14%

:

,

2,600

-163%

47

28%

56

69

>

*23%
9%

10

93/4

yy

7

35%

26 Va

46

46

24%

1,400
1,600

68'A

>112% 114

113'/a

*112

•

48%
31 m

26%

54

54

••

*118

49%

48%

-

46

*45

; '

54%

$ per share

85%
163 VA

80 Va

.721% Jan

"

69%

81

*80%

81 7/
50%
55

28

.

400
10
10,900

35%

•

50

,

175 xy

*

54%

•;

50

30

Feb. 14

13 Va

81 '/a Jan

41

Jan 24
preferred.———100 ; 140
73
Feb 13
American News Co————No par:
10% Jan
3
Amer Power A Light
No par
97 V4 Jan :
46-preferredw—.i—iw^No pa*
88% Jan
$5 preferred.
——NO; paf
7 17% Jan
Am JRad & Stand San'y
No par
182 } Feb
Preferred
.—.100
American Rolling Mill———iiQx ; 27% Jan
967: Jan
conv preferred——;
XI00 "
;i 35% Jan
/ American Safety Razor—...x—18.50 '
28% Jan
American Seating Co_.—No par
X 39% Jan
Amer Ship Building Co—-No par
63 % Jan
Amer Smelting & Refg—No par
x,,' Preferred
—x^.100,; 177 7 Feb 14
7 47Va Jan 7 2
American Snuff —
—X: .25 ; 160 Jan
6%- non-cuin- preferred-——100,
40% Jan
Amer Steel Foundries—
No par
7 27% Jan
";■/ American Stores—
No, par
7 28% Jan
American Stove Co———..No par

"26%

145 M
14%

Jan

2

6 % non-cunt
Amer, Internat

68

47 Va

7

145
V
14

.

14%

.

*80%

44

"77

7

13

Jan

STOCKS

85

41%

Feb

78

.

480'

47%

Thursday

-

192 Va,

25%

111

>110Va

49

178Vsf

'

'.

■T

*

35

153/

.

6,200

105 Va

47%

Sj 54*?

share

84

25%

24%

.7

110%
47%

;

*
,

31

69%

50

V*

168

35

PRICES

161

68 Va
68%
>118
120%

25Va

Si

1

X177

790

48

68 V4

'

V

120%

7

25

110%

49

168

49

84%
*

26%

26

49 %

152%

192

>

1,900

30%

30%

;x;45>;;

178%.;

177

Feb.13

162 7 163

.

7

Wednesday

85% : 86%

7 7

69

68%
*118

>••■

86%
,164 ;
263/a

86%

a

\'S per share

I

'

;

46%

per

2,170
1,900

39%

45

X' x30%

sharer '

$ per

39%

68%

47%

Feb. 12

g

85

164

..

f

193%

85
:

7K

share

per

192%

Monday
Feb. 11

.

f

24,500

36 Va

'

66%

175

HIGH SALE

Tuesday

10

100

99%

30%

30

49%

49

7

39%

7/ 43 77

179

V 152%

LOW AND

Saturday ;

39"

31%
33%
34%
54 '
"54%

50%

144,800

y

188

35%

*

100

99%

30%

153

50

51

51

99

46%

22V4

21%
*184 V4

35';*:.

JC34'

39

*168

•

56%

54'/2

155%

186

4,200

98%

.77,97

21%
186

'

.

'

33,300
2,700

108

96

95%

24%

103

•

20%"

186

49%

*31% 732
35
35

31 %

'

900

76%',

17% .17%
109

-

Va

17

J

7 28

9
9

$%-

145 X-1

70',4

77"

108

107

20 Va

2,900
4,500
■

16%

108%
97%

*176

48%

47%

*143%

v

173

*168

48%

40

145

3,500

19%

38%

73%

29% ' 30%
45
45%
65%
67%

1

69%

175

19%:

39

31%

*168 ■■■>'

19%

38

*143%

,

10

-20
;-l

Dec 5
Dec

56 Va

43%

30

38 V* Jan

200

....

3%

86 % Jan

American Locomotive
——No paf ,
115 % Jan
1% - preferred
—.100..
35% Jan
Amer Mach & Fly Co——No par
717% Jan
/ Amer. Mach & MetoiSL^*iL,*-No; "pari*
Jan
Amer Metals Co Ltd
.--No par i f 35

15,800
'

>'

39

39%

98Va

>

119

19%
38

16%

'

41%f

40%

38%

76

33%

;

>117%;
38%

39

145

220

..

23

193 Va Jan

American
5
conv preferred-

700

Sep

17
17

X45 % Jan

par :

x-:;> '

•

•

> 35

29

7

preferred——_—J DO •
Corp.X—.i^.No pa*;
Invest Co ot J1L—i—-il X

^

:

600

50

v

118%

*117%

15 V#
13 • -

;

M.toW

41 Va

40

-40%"

~

,50

700

50

15

x

-mM

>49%

.

•182

-7

45%

'•V 48
31%
35 •'

15 7.

VV

Dec

Jan

Jan

71

'SugarUw;^—.10/:
-preferred—-i*100'';|

MV'x•

,i

13

American Ic«—No par.

14,300

103%

102

Feb

conv

i

12%

118
38%
19%

20 Va

31

'

f

50

.95

99 Vs

40%

:

106%

-•45%

•t 40 •>

*14%

15%

36%

99%

35
99%

103'A

73

20%

19%
*182

103%

,

98

19%

.19%

16%

1,200

111

Xl6%V

140

Feb

preferred———,—.50...
American Home Products."—
1
6%

600

61

10Va

*143%

109

99

107%

'4 98 4

59%
HOVa

19

17

•

17%

59

8,60O

-

Jan

Jan,' 3

American Hawaiian-SS Co———.10.
American Hide & Leatheri^u.—X.1 -t'

1,400

:

12

16%

38

77

78%

*77

UVa

110%

37%

143

76%
16 Va

145

*143%

38Va

7

39%

38%

11%

■;

16 Va

...

600
'

110 %

39%

19%

5,500

109%

Xl09%

> 110'/a

118

38%

38%
51%

*58%

13'A

39%

39

1,200

113%

Jan

104Va

•:

•

36

I W9- 1st
Amer Distilling Co stamped
American Encaustld Tiling
Amer European Sees—No
: American Export Lines lnc
x Amer & Foreign Power—i.--No
47 prefeiTed—.-J--..—No
47 2d preferred A———No
X$6 preferred
.—No

'

V5 11%

59%,

27,500

50

so

49%

12

15

40%

719V4

111%

10,400

/

12%

I33 ■

•

118%

;

20

•19%

V.

39%
7

118%

38

1,300

120 Va

12%

*119

""i/

.37%

;

51%.

50

118%

40%

39%

*

12%

121 v.;X

•

,.

42%

42 Va

42%

11%

111%

14%

50

*50

50

50
'

12,400

19%

42%

113

13

13%

*13 7/::

13%

*13 :V-

*:

•

11%:

19%
'

15%

j

'

7/

10%

19

52

109

"

120

*100%" 103

"

54

11%

19

51%

38%

xllO
•'

53

10%

*107 Va

Jan

41

Crystal

: American

38 Va

11% Jan
!;/'7T,Jan

6

140

preferred—————50.

4%%

,

2,5do
140
7.2Q0

12 %

11%
*59 /•■

7Qo

.

Dec

35

4

65 Va Feb

-

preferred „^100

'

ji.

107%

107%

43%

50

12 V»

59%.

7

.

$ 26 %' t 26 %

30%

30

123

36

52%

110%

62

*60%

110% 110%

•

420

102%

146

9% Jan

Dec

6

.

15
15

5

-31% Jan

,

>

' Am Chain; & -Cable Inci»*«*.No par •
/'.X 549-'-conv preferred^
100 k
American Chicle——i——No- par
AiP»*4«an"CAi»»r*,-«»e: qo—„ - 7>

20

■

68

*64

r

19s/t

*109%

111

11 Va

;

*25%

10%

39

•7*51%

26 Va

122

123%

110

♦in 7 113 52%
52%;

141%

20%

•

;

American Cai- A Fdy__—— -No par *
7% non-cuin preferred——.-100 >

300

""rf 3,790

145

41%
■

;

143 %A

142 >4

19%

'

13

shar$

Jan

58% Jan

Amer Cable Ht Radio Corp—,.1
American Can—.
—^—25/
Preferred
—100 :,

:

6,300

■j

143%

io%';' io%

12%

; 123%

124 %

;
*:

<

38%

142

.

,

.43%

HVa*

124

'

10%

423/a

12%

131

>

141
•

Ain

250

*

19%

,7 11%

•

18,500

205

142

89%" 30
*107%' 108%
49
49%.

50%

*19

.

/

■

140%

68

13

126 Va Feb

Corp—„.1:"':
Brake Shoe CoXii—i.;—No pat

" ' 5Va%

4,200

38

,

:

3,200

.

20

67%

131

"149
;

107 Va Feb

50% Feb

Bosch

t'ttericah

97

66

>

38%

38

/vj oO

v

16'

-

204%

*131 x 131%

39

26

107%
.

10%

10%

57

96

65%

i'.

65

64%

*64

30%

106%

7

77

49

204%

140

77f

69

29 34

204%

131%

/;•

133

15%

96%

*142

26%

26%
?: *65

69

95%

38 %

7.7:

140 K 140

27

27

>■

39%

142%

*65 77

39%'

3

20 Va

'

preferred^---A-«--iiA^^^M;X

i&y/fz 110X/yX 6%

56 %

133

96 '/a

63 %

:

25%

•

-is%

204

79%
26 %

>77%

135

•13%

131 %
.:

*146 7; 149

150

140

i

;

66 VA

132

132

39%

39%
*146

203 7

64%

66%
131%

37%

56

55

*133

15%

9n9%
202Va

5

48%

29

Jan

46% Jan

Petroleum Corp—No pat-%
pat /

Amerada

55

104 Va Jan

.

preferred————.—50"

6^ conv

."

1,000

79 Va

36%

25%;

25 Va

56

135

15%

•

202%

202

66.'

78%

•

79%;

*77%

95%

15 Va

202

;

26

25 %

100

x

Highest
$ per

$ per share
!

100 x
pat

preferred

Lowest

$ per share

$ per share

\

No pnr

Year 1915

Range Since January 1
Lowest
Highest

-;1,400 ; ■ Amer Agricultural Chemical_Afo
7,800 ' ; Americah •' Airiinesxi
3,300
-RanK:

42%

37%

54%

-

142%

41 •■;.'

-

135

;

68 '•

'3,600

*.

••'

*60Va
140%

42

,!

76% J

79%

"133

135

*133

,

37

79%

1,600

10%

10%

74%

:

Par

,

AlUh-Cnalmers Mtg-.-.
i
4% conv preferred.——_i——100
Alpha Portland Com-.No par
Amalgam Leather Co lnc—
1

x

2,500

34%

142

-

42

X "'•' 4 %

13,100

131

34

37%

'

52%

129%

;

73

71%

■•V7;-:

<

Allied 8tores Corp

17,200
400

63

*138

142
43%

140

.,

10%

*60

64

*56

'

'

33%'

10%

10%

■

V'
..,":•:-7'

65%

142%

129

127%
x32

X

107

52 Va

;7II
Range for Previous

';v.:4/V;:
y/.iX'gy7:'7yji

.'7.7 EXCHANGE

.

Shares

•

.

53

107

52%

51%

.

10%

share

51%

107

*106

52^ •
126%. 126%
• 32
-32% - S

h

51%

51 Vt

•

65%

,

-

Monday, February 18, 1946

' L-'.'-V'

■;

'

50%

7:_X

$ per

$ per share

'■

■

NEW YORK STOCK

;V.Vx,

the Week

Feb,15

Feb. 14

xX

Sales for

Friday

Thursday

$ per share
50%:-' 52i4'":":
*106 • 107.

130

lOVa

:

-

52%

52 v

52%
1317/a
T

.$ per share

share

-4
51s/8
7
50%
107
'7.7: 7xX777>y"7
*106

51%

50%

SALE PRICES
Wednesday
FebFeb. 13

LOW AND HIGH
Tuesday
7;v:

Monday

V,:

; ■

STOCK;RECORDiillfp^

NEW YORK

Saturday

-XX'/y

COMMERCIAL & FINANCIAL CHRONICLE

THE

•

Jan

i

94Va Dec
130 ' Dec
27% Dec

S

20 % Dec
MNov
29>Dcc

7!31
7

lOVa'Dcc
©3

Dec

24V« Aug

35%

Dec

HVa

Jan

28%

Jim

19 Vz

Jan

44% ; Nov

12Va 'Jan
60

Mar

23

Jun

81

Dec
Dec

29%

Aug

52 Va

17 Va

Jan

42

Dec

Dec

54

Dec

52%

■

,Volume 163Number 4465

THE COMMERCIAL & FINANCIAL CHRONICLE

NEW YORK STOCK
LOW

Saturday
k A /'/Feb.
i)0i

Monday!
Feb. 11

$ per share

:

23'/a

30%

30%

42%

43

*109

*109

107%

*139

22

"i

30 y8

107%

A *41%

43 /

A

43 A

*41%

Bayuk

2,400

Beatrice

*41 %

110

105%
20'A

20%

42

1

30,

^

> ■A-

0:-.:'110

'*

144

21

21%

21%

29%

30%

30

32

♦111
55

29 %

55%

:A. 54%
31%
37 Va

37%

25%

26

;•

74

40%

24%

25

*34

-*

28

28 3/4

44%

*69

A

21%:

29%

*66%

38%
*179

189

54%

51

10

51%
10 A

*60

61%

"

39%

A
^

49%
*60

4,900

Best

17,400

161

160

73

*71%

-721/2

71

40

39%

401/4

41

26% A!

'

''-'A•/,

44%

*43% *441/2
112%

-v„,

63

50y«
10

52

49%
59%

60

60

29%

50

39%::
195-

6,700

50%

51%

lO'/s

10%

59%

59%

4,900

*73

A

84

;

18%

*75%'

18%

V 51

84

18

18%

51%

38%

50

54%

54%

39

•111

39

33%

111%
34 A

593/4

400

*36%

37%

*36 V*

20

37 %

51 ..A

51% A

•'

56%

57%

59%

/

X40>

371/8

v

41W

42

111% .112

:

*33%

•

33%

37%

35%

22%

*35

22%

24%
.

I

35

22V4

*125

23 %

241/s

X98

.99

26%

27%

A

43

A Ail. A

25%

2GV/4
•

42%

42%

40%

41%.

*41%

42%

41%

42%

40%

*108%

111%

*108 %•

19%

19%

14%

•"

A./
A

'

Mfg
A :$5 preferred

640
'

Budd

5t400
,500

xi3% "• 13%

92%:
86%

87

28%
*109

13%

92%;

Forge

94

;:-:>,:29>A

111

6%

8%

8%

32%

33%

■

•:i 107

108

■ 1

■

>.

107

34%

'10,500
a;

34/>•

1071

34%

Wednesday

Thursday

Feb. n

Feb. 13

Feb. 14

3 per share

$ per share

$ per

■

46

11%

A

57
12

45

H

i

'

A>

6%

e'A

6%

11%

371/8
45%
441/4
1291/4 130%

44%

45

55

55

>

11%

6%

5%
'

vA 5%

45

<

10%

11%

341/2

35

11

35

11%
35%

45'A

45%

-

''

36

37

45,

46- -

44% 45
129 A 129

.

129
,

129

21'A

.

65 '/a

.56

.

A

20%

65%

•65

19%

'

*56

A

129

*

35%

36

45%

129

*55%

129

,

133'/a

53%

52%

A»73A>

4

19%".

29%

133%

50 'A

,5iy4.

30 ®b

A A'-

:

•

73'A
58'A

Zinc

79

58

STOCKS
YORK

22% /

*

64%'
20

10

10
46

9%

9ya
45

46

•181

183

>

:

74

74%

62

160%

159%

21V4

21'A

21'A

26i/a

26%

26%

26%

13'/a

13%

131/8

13%

12%

12%

A; *157
;., 25%
A 21%

26%
i

21%

12%

21%

230

A.. 12%:
12%

117

13

20
40

21'A

*39%

41

32

-A'

49

A 49%

*

32

A 17%

47%

10O

H

*20

100

A

i>

*20

>•

15%

25%
14% A

15

;

/

321/4

oo>41'"
: 75%
36

36yvr

331/a

34%

78%

75%

75%

75

36

36

35 y4

>

57%

*54'/2

661/2

66'A

22%
22

.

135

54%

31%

-

*113%
53%

32

*82%

32

83%
110

23%
For

••

82%
*106

24%
footnotes

*23

see




21%
*22

14%

13%

48%

49

136%

13i%

116

♦113%

54%

53%

32%

.-

82%
110

23%
page

,

-

919.

„•

3iya

57

66%

233/4'

21%

.*22

23 y4

22

22

14 ya

14%

14%

47%

49

134%
116 '

54%
32%

82

110

53

32%

*80'A

82

*106

13^1/4

*1331/2

,

22%' .23%

*106

22%

:A:
;

47%

135%
116

541/a
32%

1.900

>

2,700

■

109

Jan

7

36

Jan

29

—

i

—;

•

class

A™

300 A
700
.

7,300
">-20

Dec

151/8

Nov

95

Nov

81

Jan >

Nov

27% Dec

■>■

110

Jan

"

Oct

7%

Jan

Dec

28

v'

Dec
Feb
Nov

'

Highest

$ per share

27%
52%.

11

A/7

^ari .30

12% Jan 28

43

Dec

56

Apr

■H 4

1%

Dec

>A 6%

r

49%i Jari

'•';•

17

57

2

"134

28% Jan' ; 4

70% Jan

-

! 8% Jari

431/8 Jari

A 47
10%

56

20%

Dec

48%
11

72

Nov

Jan

A

Oct

A 32 A

>49

Jari

30

; "10% Jan

2

47% Jari

2

Jan

35%
152

8

15- A

14 :

Jari

2

161% Jan

3

22V2 Jan

28% Feb
>21% Jan

10% Jan

135/b Jan

28% Jan

24

;

100

No far

A 29% Jan
A

Jan

Apr

41/4

6

•

43

>

^cf

119% J&n

i

114

Jap

Jap
Jari

-—25

A 54% Jari " 5

~No, par

:>•

9% Jan"

: 2C/4 Jan

49

"21

Mall

Order

j9% Jart

-

41

L—v50

■

l 29

■

Jan

A. 15%

j,«
—No par

,29% Jan

3

i—100

69% Jari

3

St Pi

25

331% Jart

3

Co

vtc^.
Series A preferred
:

-. Chic Milw

P

Chicago & Northwest'n-

w

,

i—No par..

36 V

-

Jan"*" 2

*38

Jan

preferred

?L—

Chicago Pneumat Tool—

i—100.

preferred
cum

—

dlv

Chicago Yellow Cab—•
Chickasha

Cotton

Jarr

4

66%

56

Copper Co
Corp

Cinft-G & E Co pfd 4%
3,400
110

C I T Financial Corp:

Jan"3

251/4

"59% Jap

21% Feb" 13

No par :
10

No parA
23
3 A
series—100 :

—No par

.

.19% Jan*

City

FuelA>

Stores

No

"25 Vb Jan

-

2

"22% Feb

15

—5

22

Jan

22

,

58%

Dec

A

Oct

i

Jun

<;

12%
:l

Jun

12%

Jun

34% Jun

1r

27 hi Dec

t

;

33 n

;

Dec

4

74

Nov

t

49 %

Jun

54

Jan

66

v

37%

Dec

;

Dec

Jan
Jan

59%

Jan

64

Dec

27

.

i

Oct

54.

Dec

15%
16

Jan
Jan

91%

Jan

42%

Jan

15
.

! y

i £

26

X23

Dec

20%

Jan

140%

Dec

Is

35% Feb

1

58

i»ntr

30

D°c

68 %

Jari

11

105

J-n

-24% Jari

8

25

Nov

107

[

107%, Dec

19%

15

561/2 Jan
86 % Feb

A

30/

Feb

Jan

•;

Dec

/ Nov

•

f

Dec

Jan

>

;

Nov

114

104

Oct

55

48

141

—100

>■

Sep

Jan

130% Jan
Feb'

i'

Dec

29%

114

52% Jan

Dec

6

Jan

8

180

15

'49

Jan

•

32%' Dec

:,'A> 50%
A>: 16%

Jan

8

42

a;*

4%

Jan

28% Jan

St

preferred

-

17

Jan

f.

Jun
Nov

49

11

67% Jari

A15

,68% Jan

Ice

7

121/b Jan" 21

par

City

4

*

;

6

*

63% Jan*

City Investing Co————-No par
5 Va %

2,000

par,
No par

Oct

r

Feb

A >40

Oct

A

37% Jan

Jan

Dec

AA- 20%

Jan

Jan

i

Deq

13% Nov vj-J;

Jan

..15%

"43% Jan

4

34

31%
11%

"A 115%.

Jan

24%

*"76% Feb

69% Jan

.

par;

No

Oil

tchilds Co
Chile

Na

,

.

6% Mar
5% Jan

A.24

"38% Jap 29
82% Jari 28

'

5%

Ay

24/
8

"43

Feb" 13

.,

A,
■

Dec / A

A A 211/8' Sep

Nov

14%

>r

Dec

|Jun

AAv25%' Dec;
Ay

33

A.

171/4 Jan

2

•

47% Mar,/

'

preferred——;

5%

Chicago

.—50

159

112

4

T

NOV

>

21% Mar

f

"18'/a Jap 23
26Va Jan 28

2
2

71

r

!r

i'

•

Dec

110

i

26% Jan
108% Oct

31

Jan

A 51% Jari 15

3

108.;

Dec

iAA.66%'

Nov
Jan

Dec

48%

,

A; 175

Jan

11%

109%
10%

•

7

Janr21

47

110% Jan

Jan

18%

Apr
A 23% Jap 17
25 / Mar
A 42% Jari
5A 10% Jari
■A 34
Feb
4
33
Jan
.'51% Jari 16'
f
7
Jan
19% Feb 15

109% Jarf " 2

No par

Jan

14%
;•

29 ;

Jan

Jan

A 20%

24

116

Jan

46% Jan* ^7
14% Jan* ' 3

par-

:127

15

Jan

13% Jan

12'A Jan

,

37%

28

29

Jan

104% May

15

20% Jan

26'/8 Feb

10

Jan

47% Jan

15

109% Jari

._1

82% Nov

5% Jan

"66% Jan

i

Dec

4

"77

2

>

33% Nov

59%

Feb

31

3.7% Jan

Dec

9

67% Jari "3

No par

52

Nov

Jan

171/4 Janr* 3

21

Dec

56

183

1JL2

"

135

Jan

3

155 A

128% Dec

116%

:

107% Jan

:

No

k

V68V2 Feb" 13

-

No par

^

15

81% Jan 28

4

;

•

Oct

;n3%

24

60

; 8

175

Nov

6

Jan

34

3

Feb"11

68

45%

53% Feb

>46% Jan 21

.

32%

7

131A Jan
A 58
Jan

4

91/2 Nov

20

31':.''

A 371/4 Jan

126% Jan

._100
;

Chicago Great West RR Co

13,000"^Chrysle*

110

231/2

*7

4

57'A Feb

7
.

*

conv

35 %

82

—50

;

pf ($2.50)

11,100

*80

47% Jan

Jar|,uv

' Jan
31/s Jan

55% Jan

No par
No par

Chain Belt Co_
Champion Pap & Fib Co
V $4.50
preferred s—

$3

53%

'106

Dec

20%

$ per share

2

No par

;

6% prior preferred

Pr

116

82

Dec

111%
.

87
: Aug • v 101%
22% Mar A A; 39

;

$ per share

21A Jan

—-100,

•.

Products_

130

231/z

134%; 135%

39%

>

Jan

Year 1945

; 17% Jan " 4

7% 2d preferred«i.«w4——i—4.100

100

66i/2

48i/2

Dec
Dec

>
:

Lowest

"

•

22^ >22.%
14
14%—.

23

2

3%
15

16

^4.—50A.

*

110

23V4

7

3
A62% Jari' $

7,700

*57

331/4"

14%

6

111

1,100

53

91/2 Jan

Apr

Oct

39%

A 42%

.

105% July

>

34% Jan

26

6,000

'1131/2

3

Oct
Dec

37%

.«A'
Ai: 591/4 Mar :r.

9

Dec

97

24%

t

'-:;•, 771/2 Aug

29

Dec

Nov

25%

71/4 Mar-

'

3

Jan

Sep

13i8

32V2 Jan

31

; 8,500

*471/4-

<

105

109% Jan

-

Jan

J

•>.*22

911/4 Jan

;

4

22% Jan
"67% Jari

!

'•

'

42'%

:37

:

2

24

Jan

-

66

8

100

4,200

■

A

.

-7 6 %

*56

941/2 Jan

10

A 20

16,200

75%

29

<

^-5

,* 4
:

42

15% Jan

3

±*-5

78%.

*36%

9

400 v

77%

751/2

•66'A

v,

A.

25%
33

;

•

33,300

36 %

20%

14

3

—:—_10

—>.i.

series_ia—

4%

Checker Cab Mfg.
;
Chesapeake Corp of. Va
11,80Q."; Chesapeake & Ohio Ry_,
■i 7,600'
; Chic
& East 111 RR Co.

AA,

'

41%

46% Jan

100;

-

!

10

•

35'A

f

15

5

;

preferred

Certain-teed

400

J

75

•'

;

lO'/s Jan

Co_

tCent RR of New Jersey

A

1,800,

«...

40%

75%

■<A" *541/4

.{

34%

36

'•

'll'yl

38

78%

Jan

14

' 4

10

Century Ribbon Mills
Cerro de Pasco Copper

.

10

:

v

20 *

15

32%

18%

30% Aug

A

2,

64% Feb

Ry——100"

Central Violeta Sugar Co

200

34%

>.
i

■

66%

141/4
*47%

116

54

■

34s/b

77%

•>' -771/8
42 '•.*«:
40%

A

,.

56,000 A

16%
.

29

Nov

20%

Jan

Jan

531/2 Jan

Central Agulfre Assoc—par'
Central Foundry Co
1

200

A 3,900

>62

141/e

36%

;

•

221/3

Jan

19

•

Central Hudson G & E Corp_No par
Central 111 Lt 4%% preferred—100

1,100

r

•'

323/4

36

34

57%

21%

49

'•>24%

>

14aA

*66%
22

137

153/4

■32%
A

103

•A 20 -r
;• 6i4v;/15%

25

14

*55%
•

22%

*47

60%

■241/4
....

40

*96

20

41

A-A'77

:

14%

*106

36

-

A-t

23

14

141/2

32»/2 r'32% :

37
35

42

•

106

601/4

:

:>-i

49%
' 114

;

2

109

' 4

Celotex.Corp
^
No par
A 6%. preferred A.—4.-——>—20•

A

9,300

19%

110 ;

49%

.

4,000

49%

39%
v

*112

'

771/8

66%

*21%

*113

15

A

20'

24%

32%
;

*1091/4

113

*98 A
•..■

.A

50%;

113

A- 151/8

14%
13%

39

••'*48%

60%

411%

56

v

Va

20%

75%

56

135

32%

37

4

"

114%
106

36-

t

•

*66%
23

50

231/2

r

110

•:. .38%

39

6o

14%

34%

79

41%

Ay 18%

20

15%
25

14'%
32%

<35%' '

1*32
■'■•:!• 471/4

18%

*1091/4

A.

...

32%

4%%

-

.

AA--

47%

Jan

40

128

Jan

10

25

Celanese Corp of Amer—
$4.75 1st preferred—^

1,410 ;
5,400

13 A A',-

41

-

74%

4

A 20

125'/2 Jan

A„1

:

Caterpillar Tractor

.

8,800
;

21

17%

Steel

Preferred

-

;

130 '

-

*20%

47

;

3,600

A

*40

"

A;

*98

,

*31%

'

A

1091/a

*113

40

A

12,200

;

/*115%. a 17

20

40

6

431/2 Jan

.

>

A-

10%

par

;

class

Ohio

Carrier, Corp
■

200

13%
:

12%

Carpenter

90 : >Preferred

21%

13%

,

17%

38

61Vs

15

38 -'■".

;nV,34%
Vi<i77%

..

*48

V//

20%

24%
«

32%

hi! 38 ' <

A

50 --a

101 A
•>.

601/2

14

>'.

38

.13

:.

28

31Y«
47%

...31%;

114%

*98

61%

25; A

.:

49%

*113

20%

61

v

>•>
>

'•

13%

12%

p >'

28'A

27

A

9

>

4

42% Jan

Carriers & General Corpt~—,~1 •
3,600 ;• ; Case (J. IV Co^^.^u44u.«.Ml»u:25'

A: 160%

f:21%

A'

Jan

451/2 Jan
-

3

A 8% Jan "7
31
Jan" ' 2
.

1,500

.

27

>:

>*115% 117

:AA

'

109%

27

A 12%

20

I7I/4

21%

29

40

A/:: .-46%

110

A A 38;-/

50%

114%

20

18

AA

117

*39

A

48%

*i09y4

39%

*113

33

A; i7'A

*109'A 110
<>'*38 A:
•:/• 50%

40

*31%

17%

A *115%

20

:

j.

*159

26%

21%

Pacific Ry

Carolina

.

100

74% y'"
631/2
A

'

13 Va

..

20

ya'

61

•

Copper—5

Administration

$3 preferred A_.
Clinch &

•

800

*107%' 108:

160%

26'A

A

261/2

Canadian

11,200

v

180

,".73%

261/a

26%

26%

13

*115%

•115% 117 A

159

159 A"

;

73

59%
60%
*107% 108

:

9%
46

180 A

180

X72%

73

60
58%
*107% 108

107%

160%
25%

25%

45%
180

181

A;

,

107%
159

25%

;

-72

61

59'A

62'%

A 107% 107%

181

74%

46 /

,

1

—

2,300

32%: -;
,82;
1
59%
*

*9%

45%

44%

,

183 A

*181

,74%

9%

Jan

12% Mar

23%

3

A 39
54

50 A
a

80

45%

35% Nov-

Jari

120

21
-

Dec

Nov

451/4 Feb

.

Dec

36
112

28 Vb Feb

22

-

59%

Dec

99% Jan

,

Nov

A :' A

*551%
56%
1331/4 133% A V:
,52
" AA51

9%

4

;21

2

26% Jan

>

Dec

52%

..

Dec

19%

15;

Jan

>

$ per share

PabK;lngM.^.X.w._No par

Capital

9%

9%

•

2

A- 33% Jan 21

Campbell W & C Fdy
No par
Canada Dry Ginger Ale common—5
A
$4.25 preferred
No par
Canada Southern Ry Co
.—100

64,400

...

A

'

451/a

11

231/a Feb

Dec

80

Range for Previous

Cannon* Mills^».—No

31%

•>■391/4 Jan
/ 37% Jan

:

Jun

July

106

15

130

Jan

35%

,

Oct

Nov

10%

40i/4 Mar

15

Range Since January 1
Lowest
Highest

300,

*59

15

47

AAAA

500

v%

591/2 Feb
112

Jan

STOCK

" >

59

37%

A 37% Mar :

99 '/s Jan

100

No par

59% NOV

>'

451/4
55

Apr

10% Mar

241/2 Jan

—No par

—

A

>

351/2 Jan

Jan

6

Jan

14

251/4 Jan

__5

Calumet & Hecla Cons

>

240

,

57

'

'

California

-

650

:

64%;

31

*75%

30%

73%
*57'A

58

133%

"

51

55%

Jan

%

28

.

3

1

Apr

1

/ 43'/4 Feb

Dec
Dec

Apr

15

21

Jan

109

Pap

22,100
.1,800
2,500

r

19%

A

551/2

133%

51

79

58

66

*19%

56

133%

31'/8

■

*64

19%

*55%

52%

30'/a

79

21%

66

„

'19%;

133%

31

591/4

21%

56%
21%

*

56%

53%

59

21 A:';

56%

A:

46 %

429

Feb
Feb

Dec

40%
191

17% Mar

8

85

67V2

33%

9

Feb

A.75.1/4 Jan.,

100

A < 5 % preferred
60,800 A Callahan Zinc-Lead

'

*64

19%

30'A
*75

:*56':A

57

20%

66

19%

19%
66 A
56 A
•133% 134%

56=%
7V/i

Jan

53% Jan

3

-

>

17
23

62

Dec
Dec

'

11% .'•12 :
:

Jan

Jan

Dec

78

361%
■A> 51/4
A 42%

6

56

.

-

131/a Jan

—10

220 >;

.

7

.

>•54% Jan

34%

Jan

•

Dec

109

>.

24% July
114

A 11%

2

»

EXCHANGE

3,600'

.

,,55%

6%'

14

14

V 20

-

38% Jan

Shares

45%

55%

6%

'

56%

21.

,

44%
56
4

:

^

*56

A
A

43%'

A 55%

Apr

'

NEW

the Week

# per] share

'

'

*36%

,.

571/4

57'A

52%

40% Jan

3

39% Jan

preferred—100

Feb

34% Jan

>

37% Jan

90

Jan

95 \

4

i

:•>

Apr

49%

-190% Jan

3

30% Jan

18

17%

9

7

181/2 Jan

108'2 Jan

common—.

'A'v> /'A.: « "
45%

A *55%
6%

>

7

93 > Jan / 3

.

28

17-

73% Jan

12

22 Va Jan

parA

33% Jan

112

'/"A/''.A'';A-

Sales for

Feb. 15

share)

Dec

Xl08% Mar

6

^

Friday

"

42%

23

Jan

Jan

-

1

preferred

'

Tuesday

Feb. 11.

Jan

A-

21

'•22% Jan
'

—100

Bldg 1%

Bros

HIGH SALE PRICES

Monday

Feb. 9

Dec

18%

3

120 V Jan

No par

Participating preferred
Byron Jackson Co

800

v.

_1

Copper &
Byers Co (A M)

120

.

Dec

32 %

46% Jan

Jan-3

—100

Butte

5,000

34%-j ■■

Dec

251/s

Jan

A 68

par

common

preferred

4%%

'

9i/4;

:■

331%

107

34

34%

9

38

Jan

20%

113

A341/2 Jan 48

^5

1

8% a
32% A 33%

Jan

13%

8

28

36% Jan

par

—

Terminal

Butler

2,300

;

.No

1

Bush Term

,700

,

Co

preferred

Bush

50

-

23

15

Jan

1

Burroughs Adding Mach

2,100

291/4

*109

4%

13,500

v

r 89% ;

89

-<

28%

>:

15

Feb

108

.

Dec

41% Feb

3

>

Nov

72%

30

7

Jan

Dec

155

A 35'/4 Feb

-

9

Co

Burlington Mills Corp

9,300
;/,/ J-iij.z:

4

13%

*92

111

'

Saturday

.

No

41'%

19%

Jan

10

No par'

Wheel.,

Buffalo

'

111%

42%

Jan

48

351/2 Jan

No par

Bulova'Watch Co. Inc.,

>>-.:■■><A<>

$ per share

Budd <i£ G)

17,100

*108% '111%

127

29

A IIO1/2 Jan
par'r \ 32% Jan

^100

—

Billiard

-.

LOW AND

1% preferred—

1,700

A 19

15

77% Jan

:

—5

3,800

19 Vs.. 19%

1611/4 Feb

.47% Jan
3
'53
Feb 13

par

__15
No

Co

43%

>:

34%

No

42%

28%

*106Va

A'

' Bucyrus-Erle

4Ti:':'f

Dec

98%

2

100

new,.

42%

88

8

Co

•41 %<

;

111

*109

Shoe

A

par

No «ar

;'4i%:

v

No

—

42%

92%

C 86 %
>!A2 8A

27%

41

No

Brooklyn Union Gas—
Brown

>

New_i——A--2.50

*108%

13%
4

Co!

preferred

41%

19%

.92%

S per share

3% %

41%

'•

41%

13%

14%

26%

•.■*41%;:;;!41%:'

>

111%,

18%

27

41%

Dec

28%

Jan

8

8% Jan

15

: Bruns-Balke-Coliender

97%

35%

Aug

">441/4 Jan- 4
A48
Jan/ 3

2.50

Briggs <fe Stratton—

1,000

25

97%

Aug

17

Jan

Airways Inc_—

Dec

65

16% Jan L 3

;

24%

lo

(assented)-100

Dec

1091/a

22 %

Jan 4'4

179

Nov

30

Sep

6

2

36% Jan

v

_100
*

RR

6,800

22%

24%

*40.

41 %

42

;

i

63

Jan

14

21

A 62

Jan

19%

5

291/4 Jan-.

>

47%

2

•

104% Jan

par

103%

17
11
17

Jan

67

6

Jan
Feb

401/4 Jan

38% Jan ; 3

,__5

Dec

28 Va Jan

109% Jan

Corp

tBristol-Myers

A 126

98%

>

26%

■•■

42 AO,

*124

"

par

Dec !•

35

113% Jan

72

700

36%

213/4

126

22%

,97%

:A

36

■v

21%

*124

>

22%

99%

36

21%

22

127%

43

"

36

35% A

21

127%

*125

25%

>

35%

21%

127%

No

24%

29% Nov

;

3

331/2 Jan

A 30

Jan

Dec

Dec

Dec

"

58

2

22% Jan

>

par
_5

Jan

Jan

17%

32

•

14
■

>

1,000
•

24% Feb

>

.160

34

37

33%

136

112

3

Jan

'

36% ••: 37V.*:

42

Jan

Feb 43

1,400

A

Aug

114

7

Jan

*31'A Jan

No par

Brewing Corp. of America
Bridgeport Brass Co—.i
Briggs Manufacturing

4,500

112

35

14

4

521/2 Jan
28

29

6,700

43%.

112
v

108% Jan
•

par

156%

16,500

51

'

35%
*125

*98

33%

37%

19 %:

15

Apr

May

i

88

54

\

39%
111%
33%

::

19%

Jan

110

.

mmmmrnrn

9%

Aug

Boweif Roller Bearing
;Co—r^A4-8;A
,,V;V
.A
,* '
<.*'
1

8,200

•

50

39%

33%

18%

.

50

*110%

111%

33%

*75

AAA.

153 v

53

32

43

-140% Feb

*

0" mm

•

18

Branlff

■

;30%

18%:

49%

:

39%

*110%

82

18%

50%

56

54%

?77%

i"

:

;

15

12%

L^_a

(The)

Maine

Dec

5

31

121/8

No par

preferred

Boston &

xl06

Feb

20% Feb

28

691/2 Jan

No

r—

clasB A

Borg-Warner

900,

Dec

28

149% Jan

No

Borden' Co

'8,000
!

:

55%

25

Bond Stores Inc common—i—-—I A

4/2%

Jan

231/4 Jan

931/4 Jan

Aluminum & Biass

Amt Co

36

33% Jan

100

Class B

-

51aA

.

Bohn

Bon

7

351/2 Jan

par

Boeing Airplane Co___

800
80

51'A

101/4

12,000A
A

62

*180 >

50%
;

A

69

107

.

67% Feb

3

Blumenthal & Co preferred_;.>-100

*

Nov

3

No par

Mfg Co

Co

Dec

47

3

1

No

Laughlin inc—
Bloomingdale Brothers,^

70

68

& Decker

24%

Jan

25% Jan

j.

(Del)„!

Bliss &

50

A 62-',
38%

t'l
-A

> 195

-A-10%

..

-

29

30%

No

:

Steel

Blaw-Knox

100

-A 31% ,r

31

Black

1,800
45,500

112%?:.

r

107

38%

x50%

52%

A

63

*180

195

A

107

38%

A

38%

SE.%10 5--;®

30%

:

v. A *106
*62

107

A

'•

A44 AAA.

■

*112

68'%

29%
68%

29%

68%

i

30

34%

44

112% /A *112 /

A

41%:'
■

*33

'

29%

Loan

Feb

141% Aug

ZIV2

•26 % Jan

100

7% preferred
Blgelow-Sanf Carp Inc

700

20% Jan

•

:

15
17

110

•

7

-

25

106% Jan

3

Jan

1

Foods

Bethlehem

400

711/2

29 Vb

■A 34-'3:

*33

49%

9%

28 %

27.,

1611/4 A

1611/4

34%

51%

61

1

2,000

26'/8

4

.1

Jan

47
>

$ per share

16%' Jan

10

0

Indus

;• 34i% Feb

4

Highest

$ per share

2

*.1

Aviation

fleneiiclal

llO'/a

*180

51%

9%

Bendix

.

2,600

25%

A%63A>
38%

.54%

A

6,100

;.'■ 10734

*106

62%"
195

:

i
f

25%

68%

53%

383/4

4

25% Feb

•

39'/2 Jan-. 5
127

No par

Co

preferred

1081/4

29%

70

106%

*180

54%

31%

38

-

Lowest

$ per share

.

2

14% Jan

20

j

-

Fear 1945

Highest

-

106% Jan 40
105
Jan 26

__50

Corp

Howell

24%

*112

38%

39

&

160

A *43%

62

,

Aircraft

Bell

39

30%

106

56-

31%-

38i/4

No par
1

Belding-Hemlnway:
Bell

26 %

45

*68

55

311/4

56% Jan

preferred—>_100

1,800 :

106'/4

.

25%:;....

*33

112

A'

.551/2

401/2 Jan

Corp

6,700

4'A%

37i/a

ii

4%#

Aircralt

*

113

541/4

•

preferred

Shoe

107%

72

34

70%

*110

20% Jan

par

Creamery

2,600
.

,___l
No

:

"21% Jan

25

Inc._a

*

$ per-share

5

Best & Co

♦159

A

27% A

106%
64 A;

106

37'/2

25

A

73% A"!
40% y

*44

113

30%

541/2 A:-

31%

105%

162

112

30%

'

25%

110%

25%

44%
112%

30%

'A

36%

A

> X28

•

*110

31%

37%

34

:

-

113

53

■

32

•, 73 y2
"A- 40%

35

*112

55%

*159

74

40%

28

*111

25%

V

•

111%
161 >>

30% A'

■?'

29

% 27%

107%

;

109%
161

...

f

A

*111 >A 113

31%

.

*37

?

31%

28%

.113 r.fi

31%

A

30%

29%

.

Range Since January 1*

•?«»•

.»

;

/ Beech Creek; RR
Beech-Nut Packing Co_

100

.

31%

28%

.•

'

31%
29%

Beck

JtJeech

17,500

42 vA-'

42

*139

Cigars

$4.25

■

50

:v

,'Co-A

Oil

Bath Iron Works Corp^_

8,600

.

-

1051/2

20%

<

110

140% 1401/4

A.

21

21

A

1,600

651/a

105%

18%

:aa,.

145

*139

J,,21% ' 21%

«.

--"A

443/4 >:

64%

'A

IO91/2

':/■/
107% A X1051/2
-

34y2

44V2

65%

Range for Previous

*

'

Lowest

A-..

-

^

Barnsdall

•

a

exchange

A

12.100'

\YOrk -Stock

new

;-'v;

311/8

43%

*109

ShareS

.-

•

24%

30%

65

-•■

s
v«

A 23%

23'/4

42%

110

19

$ per share

30%
i'. '

65%

18%

*

145./ AA

*139

42%

■•106%

A'.A

x23

30%

42
>65 'c v

*109

>19

A-

231%

22%

A

$ per share

A

Sales for
thd Week

Friday ",v
Feb. 15-A

Feb. 14 O

$ per share

V

110

-

18%

145:>:A

21%

65%

STOCKS

Thursday

,,

*$ per^hare

RECORD

PRICES

."&y* eawesuay •>" <S
Feb. 13
> >

a>A

44

*106%

18%
J.9%
*4iy» :;43 •*>.

-v

SALE

30%

*42%

% 65%

.

♦106%

«

*

30

tA

66 iv:
110

-65%

423%

HIGH

V:A'V."4f'tteiday. A &
\l A;?:-: Feb.

$.per share

<23%/;24

■

'

AND

5

■:& THEICOMMEHCIAI; W&WANC1AV,WRON^E;;#

1

„

^Monday# February; 18j x 1 $4 6

Y ORKX STOCK/RECORD

f*£W

•

.,

$ per

•108

67%

'673/4

:

*200

230

-X

112

.

,*108

■112

■:.//:■■.

112

112

58

i89

•

41Y4
57 Ya

55

,

•64 Y*

64 Vi

45

53

112%

.21%

#■.

37 :

37%

34%

35'

#

34

•••, '

20Y4

/

22 Ya

24

37Ya X

i/Z/Zx 36Ya

34-3/4

xX#x

■:'./

,

Xv<,,:

"

#48%

43%

43%

12%

.

27%

*104

28

27Y4

28

x:; 523/4

,

*113

4%

4%

,X: 2.1%
# >. 4Y8

128%

#125%

21%

127 Ya

53%

XX "53

>X

#•■

#*42//:,
X io #

43

10%

•■;

35%

X

35% XX

.35

■108%

X 10.8 Ya

109

18%
.47/::
30 V

42%

42%
114

17

•

V

X

22%
37 Ye

57%

59
29

-

•

473/4

29%

30

33%

33

33%

;.

25

24%
*35

.

.

6*4%.

>

1

56

56

24 Y<» ;
iV'V '.64%

35%

35%
:

*200.
.'

201%

11%
•

*

.7.X

:

■ •

•

,

12 Ya

"11%

"7%"

,,.6'Ya

/

■

-7Y4

X

//

./

,

V

27%

.

54%

.

56

41%
4iy
108% 109 V<

;,f 25%
v%

'

LOW AND

x

•108%

109y2'

•127

;

137

51%

52

201 Ys

.

:

Feb. IS

-

:,

share

47'-

42

40y2

-

23

:■■./■■: ■■•43.
' 'v/V/.; 2134

v.-.39.'/

■145 //;'

144%

V

74%

75 vx
'

10%

t

i

11

,

32

f

■

.

'/

140

-

40%

41V4

May /

Jan 23

67

Jan

II

5

59 Ya

Oct
Dec

183:

Oct

72

Dec

31 Ya

Sep

53 Ya

135

"Nov

14

Feb

49

Dec

Jail

10

101 Ya ,Oct

106

Dec

2

/ 55 Y4 Jan

14

343% Jan

9

116 Ya Jan

17

110

Aug

233/4 Jan

29

14

Nov

24 Ya Feb

11
18

Feb

.

106

.

3

36 Ya Feb

13

41

Jan

/ 32 Y4 Feb 14

39

Jan

:

>32

/

Feb

14

38

Jan

'42Ya Feb

14

47

13

47

Jan
Jan

24

Feb

9 Ya Jan
109

3

14

4

110 Ya Jan

106 Ya Jan

.

383% Jan

41

5

.

26%-Jan

5

Jan

30% Feb

.

Jan

5

X 54 Yi Feb

4%

14

118 Y* Jan

:

23A Jan

123 x

34

7:41"

Feb 14

6 Vi Jan

•

29

Jan.'#/,:

19
6

Feb

6

.24%

199% Jan

28

106 X.

19% Jan

16

Feb

29%
"X

Nov

1243/4

:

/

;

39%

Nov,:#
Oct.//

50

»•

3% Mar

Nov

Dec

7Y|

x
:

•

/ 34% Novxi

Jan.- XX..

XX

Sep

/■]'

Dec XX

34Y, Nov
48

'•

Jan

.

Dec I i

■■■"'4%

Jan

26% Mar x'

]

Sep

Dec /X

25%

22

;

I

x

Dec

53 Ya

Jan

17

•:

Oct n

28

Jan

.

:

i

116%

28%

46 Va Jan

Jan ; 2

'

V
:

Nov:./1
Dec ; f
Oct

41%

XofVH
89

36

32% Jan 7 3
108

Jan

Jan

Jun

107 Y»

:

:

Jun

Nov

110 Y4 NOV

Deo '

JO®/* Feb

4

,

6

37

Nov

Xl6% Aug XV

10

55

.

4

.

z
X

39 & Jan XX
Dec

Feb /; 1

353/8 Jan

2

Jaa

% Feb

132 /

2

14

423/4 Jan

.

>

Xv" 4

2

Jan

32% Feb

?

110

i 25 % Jan 11

21 Ya Feb 13

46 3/8

Jan1

26

12

V

.

Jun

46 Y<
50V4
50 H:
11%

';

Jan1

36

8

Feb

)

84

8

47

50 Y4

Jan

>90% Jan
•

29

113

No par
No par

:>

i

Jan

18%. Dec

'31X" Mar XX/

14

Jan

!

Dec

115

31 ,••■ Mar

16

102 % Jan 23

50 3A

28% Jan X;/
25% Jan v;X.'

28

14

28

Jan 29

/

42

29

Co—

50 Y4 Jan

4

45% Jan

v
x

39%

>'23 *'4

800

21,500

,

14,700

109% May /,

pref

106

67%

X

v

4,200

202

103

-20

45 Y4- Dec

35 Ya

Dec

38

Jan

9

25Y4

Jan

40 Y4

DeC ■■}

47

Jan

8

17 Ya

Aug

45

.

v

115

Feb

15

■>, 45

Jan

28

153/4 Jan

12

109 Ya Jan

10

13
15

Feb

44

Jan

8

110% Jan

2

•

/

X 15

17 Ya Jan

:

52Ya

r

:

26

r.

'54

21

Jan

3,000

X

;* Coty

Coty

Sales for

$ per share

2

130

f5*io8y* 112 •

Jan

—

—

10Q

-

199

Jan

46 x

/J *125

; -x

NEW

14
7

7 304 Feb

4

x

41

Co

X

YORK

56

21 y4

Jan

29 Ya

"16

19

.

common

—

™—Z5

75%

48

142

7

-

10Y4

-31

103/8

;

313A

32

.

140

*132

40

x

*25

27

*

27%

X-*25 XV;
/
26%

*132

;vx:

X

6% Jan 21

/ x.

10 Ya

32

26

'

Nov

5534

;■:

ix 19%

Decv;

53a%

Jun':/?

26%

Dec /;

19

21

38 Ya

600

30

Jan

3

Jan

29

101% Aug
58Y4 Jan

108

70

202/

Jan

25

182% Jan

199

X109

-

12 Ya Jan. 28:
:/

/

7Y« Jan 29 1

X

43

Feb

25%

,
•

24

Feb

13

62

14

11

1.000

s

Cushmhn's Sons Tnc 7%

/

Outler-Hammer Inc

pfd

7

53 Yb Feb

6

Jan

2

3

'46% Jan

2

28 Ya Jan

Jan

165

5

43Va Jan

4

2

X 35 - Jan
; 48 Ya Feb
X

114

21Y4 Feb

Jan

50 Vi Jan

104

3

v

17

73/4 Jan

2

Jan

X

Dec

28

:

5

;

X Nov
.XX 51
Sep

Apr

.;

'/ X;
X X

Mar

122 Ya

27

24 Ya

X

76% Feb 15

59%

12 Ya Feb

Jan "3

5Ya Aug X //
/
18% Jan

4

34 Ya Feb

3

4

129Ya Jan

30

35% Jan

;

X Dec

56

154

Apr 2
Jan

.

30

(

43

Jan

118

Sep

25%

29

Oct

.'

Oct

75%: Oct

'

129 Ya Jan

100
Na par

Sep
Nov

102

Jan

.

9

X

51 Vi

X130

/

Jan

99 Ya

'
■

Nov

42 f Dec
29 'X Dec

X 29%

2

24 X

Jan

Nov

111

Jan

25%

30

Jan

Jan

.73

Nov

>X

/

56

146 Ya Feb

Nov

X

52 Ya

124

:

Jan

145Ya

8

X 26

21

112;

Oct

,:/

14 :

7

Jan

59% Dec

.

Mar

16

13

142

87 Ya

.

15

41 / Jan

■

Jun

.

X.25"" Aug

8

10

Feb

Jan

106
X 35%

4

Feb

Dec

343/4. Dec
41

lOOY* Dey

5

127 Ya Feb

Jan
253/4 Jan

"39

993,4 Jan

.

Class r A™—w_. ———1
x

2,100

37

8*

Feb

110% Feb

3
3

160

,

$7 preferred
——
No par
i Prior preferred——ww—No par
Curtiss-Wright
1

4,900

x

40%

/Jan

110
■

/X

XCurtl? Pub Co (The)™——No par

A

108%

A

Jan

>

.49% Nov X #"-'53 ■:. Dec
20% Jan
!/■' 30Ya Dec

6

35

:Jan 21

.44% Jan

Jan

54 % Feb

'

C'mniuffbam Drug Stores Inc—2.50

73,900

140

40%

preferred——100

Highest

43V4 Dec

28% Mar

;.

|

$ per share

99%" Aug

9

51% Jan

■

•

Jan X X

: I

115
/

Dec

7Ya

3% Jan

30% Feb

3

';
:

$ per share;

15

109% Feb

2

/

Dec

:

Range for Previous
Fear 1945
.

$ per share
>

;.

Oct

.

# 13 .v; Dec

Jan

6

Dec

.

71

Lowest

■

Highest X

;Jan

Oct: rj

38%

Jun

35% Jan 14

; 107

Cuneo Press :Inc——™_'~™—8

X

300

.#64% •Get'4#

52 Ya Mar

Jan 11

2

29

7 % preferred —-w™—™,™—100
Cudahy Packing Co™™™
™3Q
4 Ya r/e
preferred———
.—100

,;

23,800
140

32%

*130%

39%

j

Dec I;

Jan

3

54
x

Cuban-American Sugar™—™—10x

U Ya

32%

x

-

>

X

NOV i j

28 Y4

Jan

Jan

38

No par

Cuba RR 6 %

700

-:;76%> 76%.

140

-

39

39Y4

39%

40

103/4

XX

AX NOV

12%

67 Va Jan
V

2.

107% Jan
32
Jan

Six 5%> preferred——™—100

2,200

142

'■ 76 XX

Dec

.43

% 44%*

-

X Crowt

xlOO

.

24

76

X

$4 2nd preferred- —
No par
;/ Crucible Steel of Amer™—-No par

40 ;
48

23

75Y4

10%

'

Crown. Cork & Sea]
$2 preferred ———,

v

;

49

142 :

.20

July

X•

49Ya Jan
IBYa Aug

27 Ya Jan

3

.

38% Jan 21

Cream of Wheat,Corp (The)— ™2
Crosley Corp (The*™-—~—No par

No par
Zelierbach Corp—.
---8
$4.20 preferred ™-™——No par

■;

23

V 142

Oct.

15

Jan

Range Since January 1

3,600

;

46%
104 '

•47

144 X- 144

.

;

Dec X '

59 %

Jan

47% Feb

,

X

Sep

■

17%

31

;'7x|7 Lowest

500

■V >22%

22%

!

Dec :

113 X A Dec

>'29% Jan

:»

'•

70

27 y8

45

;

.3'
.

XX

23 V* Feb

Jan 21

STOCK

3,700

42%

104

50

*43

22%

2,400

6,400,

*165

-VVx

50

,

*

preffrreo.i-iiJ i./—100

:H ■•3%^?,

2,900
X J

114

27

r;

'45%

45

48

X

:

42

27%

*102% 104
*38%.: 40%

39%

75%

114"

41

26%

;

Dec

57

;

$ per share
Crane

-

3,000

130 •/
53y2

52y8

f UZV* 113%

'

144%

>

Nov

109%

9% Jan

29

v

Jan,

11

EXCHANGE

400

:

33%;j.34%
38 y2# 39 1
56 -V 57

.

17%

106% July
10% Apr

18

613/4 Feb

24

:

3

105% Feb
5
64% Jan 21

25

Internal Corp.

-

11.700

«x:!'.52%:"X52%-

51%

51%

8Y4 Jan
933/4 July
37% Jan

6

8

;/ 41 Ya Jan
x

3

62 Y4 Jan

7 34% Feb

Shares

;

)

20

Inc—™^j

the Week

34 X';X 34%
33%: 'yX.
109 y2
v v 1083/4 109%

*125
x

z: 40%'

'

14

.

Jan

22% Jan

•

63

7

Feb

52

Y4 Feb

183% Feb

13

Jan

<vl7Ya Jan

Corp.—i-l'

Products. Refining—;

Preferred.

5,000

V

52Ya

33%

I

Feb

Apr

26%

v;

X Dec /v

115

IO8Y4 Jen
;

1133/4 Jan 15

3

.

./ 36% Feb
X 40

8
—50

V .48

Jan 21

54 /- Jan5

.

No par

Bank;Trust Co

Exeh

Corn

20

.

.

.-

5 X-;?1 /

4

,

13 Ya Feb

; Corning Glass Works common—-5/
/
3 Ya % preferred
100

160

/

68 %

-

/-

Jan

Jan

"

Corn

780

2,800

;/ 12 y8 ./ 12% //V
7'/a /( 7Ya

,

31Y4
17 Ve

112 % Jan 7: 4

l

series—

5%

5

33Ya Jan 17

13
3

48

X

'

.-8

? Cornell-Duollier" Electric

6,100

■ If-

36% ;"

-*201

,-

Conv

323/a Feb

Dec

22

11% July

v

13

X37 X Jan

,_No pa*
-No par

$3 prior preferred——
Copperweid 8teel. Co_w—

/

/ Feb

39% Jan

v

_10

Oil of DelJ

Continental Steel Corp—
//Cooper-Bessemer: Corp—;

110

26% 6»|,

•;§63%'§

,105%
:

Continental

;

6,600
'.x/1/-

59

-.

I

290

23 y4

! 29

$3.75 preferred ™—
No par
Continental Dfamond; Flbre™n.™™5

>

A Continental Insurance™/..;
■x
Continental Motors—™,

800

36%

39-

-*108 %

140

*132

40% vV

:V-i

Can Inc

;/ Continental

8,100 ;

x

X 17% Jan 21
A 42% Jan .18

'

11
10%
31% '31%

'

31%

130

.

»

60%

'

29%

34%:' mP-

*165

,

,

8,700

'

V

•

-

42%

33%

■'

'

47

100

'

173%

r 26:.:-,'
5.633/4

25%

12.;.

x.-

•38%

46%

40

:

Xx

-

29 Ve

0: 54 %x 55 Ya

102

22

.

11

13

-

4,200

67%

41

33%:

33%;

"

102

3,200
6,400

46%
112
,

22

108%--; *108% 1121)

108%

26%

1 ■ 46

•;

103

->*57 XX

$ per share

■

/

108%

47

•132

$ per

€1 V

53%

26%

230

-

Thursday; •'Xv/xx yi-jjay.
Feb. it J
Feb. 15

v,

42% ,42%

.1

102 /.v

:

Edison

STOCKS

Wednesday

.

145

Jan

,

Feb

16% Jan

Consol Laundries Corp——5
Natural Gas—,
^.10,
X Consolidated Vultee Aircraft™—^1
! /
-$1 25 conv pfd—
JVo par
r Consol -RR of Cuba 6%. pfd ™™1Q0
Consumers Pow $4.50 pfd—No par
>
Container Corp of America™-.—20
Continental Baking Co
No par
/
$5.50 preferred
~No par

HIGH SALE PRICES

56

:.108%

42%-

'

75

i

115,

.';X44xXxXX

-*54% "55

54%

7 .-:■;•'■ ■■,•..7-X

34%

39%

•

•.-

3,800.

x

143/4

■107* X

12

!

26y8

102

;■

•

4.400

?

59%

V

201% 201 Y«

39%

34

v

'*165

•46

35 Ya

,

200

6OY4 Jan

.

22 Ya Feb

Consolidated

■

25,300

>

22-%

.

•165

.

100 X >'Jun
''-•50/ ' Nov

r

11

112

,

3,600

■

36% .373/4 XX;

.63y4

67%

-

'•y. *125% 135 *
51%
'V. 51%
114 ;r /:113% 113%

'

Jan

IO43/4 Feb

Consol Coppermines Corp
w-5.
Consol Edison Of N Yx.--wxNo; par
x
$5 preferredxxw
^No par

.

;

500

;

i; 58%

: 36

*106

7

'$ persharei
".

/

63%
35 3/4

106%.
68 y8 V.

6%

34%

35

26%

700/

1,700

60 y«

22

35%

Feb.

42%
108%

41%

-

I/f.

34%.

•38yss :"39%'; V^vft38%;
55%
'65%. 56 •
53% - 53% ">■ .'■•52'

•41

Jan

34 Y4

Oct

68% 'Nov
llOYa 'Apr

Apr

..10

Inc__
Consolidated,Cigar—

28,600

43

46

;v.j

/ 56

x

25%

12

.

.

21%

,

/

'

•113

.

34y8

17%

28%

'11%

,

^ 'Fob- U

$ per shareper share

34 Vi

53Ya

4

May

v

93% Jan !#

5

;

,44 Ya Feb

V44Y4 Feb II

Conde Nast Pub Inc_.~x._™_No par

20,200

47/

•111

57%

64 y#.

201%

;

V

46%

56

21%;

.# 68

Tuesday

x;Kt

,

156

•

106%

r

*200%. 201%-.

.

12

Feb. 9

;

.44 1: Jan

IO6Y4 Nov, X

140

S6 preferred series—- -—Na par

Commonwealth

700

18 Ya

a 14

59% r,
•59%
; 21 Ye ; 22%
36% .;37Ya

35%

6934:

69

•

•34

7/57% Jan

Dec

>

115.

109Y4 Jan

7.

16

-X

—100

4,700:: 1 Congoleum-Nalrn

30%

43%

.

.

17%:

63%

•

.

■'Saturday;'

..

/I;

•

.-113%
s

.

112

V

55
:

.

56

x;; 25

..

106 Va

*105Ya

„

21

ij;

,

-

103

,27%

54%

.V
•

V

107

17

'

65 X- X.V

35%

.

106 y«-

-68%/'69%.

;

25 Ya

:>:,■

:

65

:

•105%

Jan

Jan

v

Credit

preferred

$3.60

3,100

-

33%
41 Y„

x

14%

56%

:

53 "V

■/ 27%'

:'

:

43%

45%

22 %

37

363/s
X ■/

55
22%

v

22;

57

v%.

..66

lOSYsr Jan 24
100% Jan 10

156

.100
^100

..

commercial

33,700

30

114; v,
.

„

•110%

W.

59%

21%

.

•,

29 .i /X/:

X;-'-55X/::

227/a

v

.

105

Dec

205 /

Jan

2

.

62

Columbia Pictures New

'

17%.

59%;

/
,

'

>22 Vi.'-

112

16%

'57%#,

•

#

55

55 :

.

•56'

■

x

,,

10 v<::

46^

'

41% '

•103

107 v -5

44% .46%,

22%;,/

29

14

•lOS

.

,

43

•110

17%,

37%

113%

.13% vl4%

.

18%.

40%
•113%

41 :V:.

42V2

V

60 Ya

22 Ya

•

29%

-v;

t,'Z 42%

113 Ya/

>

X/37%
,'V' 57
:

"'

29
X

10

Feb

89

8

113 Ya Jan
..

Jan 26

52

Jan

178 Y4 Jan

15,600 ; /Commercial Solvents——-No par.
Commonwealth A Southern—No par
272,400

„

42

.

10

•18

46

113

14 Ya

.60Ya

22%

Xl77/a

& 45%

32%

,

107 r-X

46%

.

18%

i

'

3434
35%v.
108%. 109:
•

X

18%

.

;

:44 %••'..

-

,*110'
;..17Y8

37%

X

41%
.

,

.

X72Ya

2

Columbian Carbon Co. (new)-No par

300

v

preferred series A™—.
Dreferred.

*>!4

.4,700.

53%
36.

'

;,35%

7

,

1108% 109

108%.

;4oy2

113%

.43%

.61%

f

41

9% # 9%
35%
34%

45.y4

■42

•13%

:

,

•33%#

t*105

<
.

114

Giya;

•;

18%

5/. 29

41 Ye

:.;/

-47

46%

•

30

; 113%

;

•105 .107

•no»■

.

.

33

-.

44%
14%

14%

41 v'-

35%;/:

53

:

#

:

:-45 V'

■

X 29 Ya
;

43%

41Y*

108 lh

:.,<#■

X

>46%

33%

113%

35%

34 Ya

18%

45

29%

"

109

[l8%

/
•-.

32%

-

52%

35 Ye

6%

1.6Q0

:

' 33

32%

$ per share

Jan '

49

'iX:V':-:>,>VX;/X.Vv/

18%
46%

•

52%

■

'

..

126% .127

Highest

$ per share

•

Jan

—2.50

——

2,300

4% ,'.>/X:'-4% .' ".4%

4%

share :

152 Ya Jan

Columbia Gas ds Elee™. -™_No par
./

;t

290

22 Ys

,

per

108

.

99Ya-Jai)
3
/56% Feb 14
37% Jan
4

■.*',

com

Glass B

2,700

x;

116%

22

,

125%- 128 V
32%
32%

9Ys

0

,

,

2

•

,

X

,

x

78,000

"

-

X

35

51 %

XX

c

21%

5%

1,600

40

/# •112

41%

43

10 Ya

.

21%

;

3,600

106%

39%

.

114

52%,'

■•,'/t'

#>#/Z;34%"

10

35

.28

X

33%

53

43 IV

13

VV 105%

107

4% non-cum 1st preferred—100
4% non-cum 2nd preferred
100
Columbia Br'd Sys Inc ci A
2.50

;

460
/

'■;■■"/■
28
..#/Zv; 27%- 28% /
52%
54 %//
52%

113

/

,

x< 32%

35%'XV

'

X-34%

35 #

590

22

•

' 4Y4
4 '
,1253/4 127

.

,,

,

•

34%

.

#

-

,

#

33%

; ;

34'A,
X

110% 110%,

;

140

,

''-"*3%

43'

39%

# 52 ;■;/

.115%#/

21Ya ..,21%.. i:

X

4Ya

33

39%

53

52 Ya

,

*113

.,

110%

105%

./27.Y2 ::./■

###/ 27%

.

,22 Ye

33%

•52 ;

>

X/XX

53

*»

12% ,#X# 12%

11%
105%

.39Y4',;/:

39

■•

115 Ya

X'.;

125;
33%

.

40% #

38

•32
G

Jan.

/'..'37-%''JauX2X-X

preferred.™
....100
Colo Fuel & Iron Corp new^No par '
v/' 5% cum cony preferred™..—20
Colorado & .boutnernx—
u.luu

3,700

X:

43% %/'?'• 42%- .'43.. '■■;'/"

110%

Ya/i

105 Ya

24%

33

.

32%
44-:

'

;

'

110
.

■

;

21%

"104

32

22.

23%
*36%

v

14.300

21%

33 y«

32%

v:

,

:■/

12 Ya

11 Ya

#110%

39 Ya

X

53%
114%. 114%
53

12% X /

110% /
105 >#//■

12

110%

/

//'/'"XX 42

/:

-

;

33.%

10

38

"43%;#: V 42%
42%/> vV42%

150

,

1,300

:

.

$

71 Ya Jan 18

.

•111Y4 Jan 31

por

VOi«ate«Palmolive-peetx.x.w.NQ par
$3.50 prelerred
No par
Coiims at AitcmanNq par

6,700

108.
55.

21%

pfd~..w.No

.13/

Coca-Cola International Corp No par

ni2% 114.

23 y2

Graph Bronze Co .(Tliel^~x.l

^.Nh par
—...100^
Ooca-Ooia Co (The)~...^~jVo par
;
Class/ A,_—
.___~.No par

320.

.46%

54

El

piuett Pea body <Ss Co.~.
Preferred

/'■'

-—'X

46

23

.

'65
'•

•106>/a

•

114

V; "36%

33%

33%
43 Y4

42 Y4

■

•

37Ya

33 '-

•

43 3A

42%

110% 110%
•104 ; 105%
40% ; 40%

#

33 Ya:. /

42%

43%

12

#■".33%

•

1,100

.

20 %

2VU-

24%

37 Ya

•

>3%

.21%

34 Xr

24%

•

::

24

21%

23%

199

198

53%

•112%

114

X *112%

112 Ya

20%

113%

10

C5

100

53%

X

V

46%

106

52%

52

;;

57
158

*1185

45%

/■'•■'

1053/4

105%

•#

:

; :

~/: Lowest //*••

170

,105

tipectal gtd -♦*,« 8tock~^^~....50;
Climax/ Molyhdenuraxx-x-xWNo par

8,700
1,600

•

65

"1185

44Ya .' 45

x

X,

197

64%

X

57

'

Ilium $4.50

64 Ya Feb

100

Olev

20

v

•154

55%
158

preierreci^—

Clev

v

-

Range for Previous
:
Year 1945 :

Range.Since January 1- ' :
Lowest >
■/." Highest. 'i..v

':$ per share

■

.

x;
5% ; pref£rred-:~T_-~..._-..«.100 ;
clev & Pitts HR Co 1% gtd—r__50

42% #

4i%

41%

54%

64%

102

v

100

1,000;

/#:■ •56%-.: 57 %

197

*1185

V

"■

r: X';

53

55

54%

:

X

250

iX

par

.5%

"108%;

nooy8

•

".V,,.."

•

Clarklquipment—No,

■

v

65%;:'

XT *108

,

>;■>;//,•, /XX;'V.

v;..;-.'/-'XAx-,"'.::/x.;X;-' Par

:/;.XV.:Y.--

: 800

112%

w ; 64%

;

102

•154

,

198

64%

X

>■"■■■

106

■

44%
106

10G

•112%

—

•iooy8

'

/;-;■'

55
156

198

i

200

192%

45

44%

54 %
156

112

*111%

.63 >

108%

f

Shares
\.x

x

230

•108

112%

112

•62%
•108

56%
57 v/V
v
41
41%

'

*1185

•105

V:;

158

*155
■

/Z'

•200

.: EXCHANGE

V

O. O.; C. & 81. Louts By. Co.

68*

1

108% ; a
102 m:/;

•56%
\.40%

•;v./

••66%

112

V

.

'

->

230

it
3

•lOO Ve

XXV,

,58 •? ./■

41YB

v

"

*1185

-62 X

•108

108 3/i

/

•200
•108

.

102

•♦56%

64%

-

t

112%
62%

112%
.

63

*108

191

64

63 X

*100:

58

158

•

'

>;"■

63 r
•108
108%
•100
'102 r
•56% '58
"x 41%;
42%;
63;

i?

NEW- YORK. STOCK

:

tht Week

r-$ per share ./#

$ per share

W:

66

64%

Sales for

Friday

r,

■/

If:. J #;,.:■ X/Feb. 15/r#'o

•65% : 68

//'■^x##;■■:■'■,"'■■ *200; 230 .x,;.;'/
■v'wr-u:;r ''''^08 ,112- C,;

xx'X/^

;

lil%; 111%,

•154

Feb*

;

$ per, share

;i

•;-/■;"•>#

7

230

•

-"v

Xy per-share.

■67%;

-

Tuesday,

■

share

•65 :•200

Feb. 11

".

-Feb.®

STOCKS'

Thursday

Wednesday
/• •/; Feb. 12Feb. IS V/v

Monday

.Saturday.

PRICES

HIGH SALE

LOW AND
.

Nov

9
30 Ya

Oct

125 :x Oct

;;

XX 37 Va Dec

Apr

'

♦27
;

28%
27%,

'

27%

X

112%

.

'47%X
40
X

X

*34 Ya
47

•

78%

*74

33 Ya

ZZ 33

44

48%

.

48

48

30%

31%
89

54%

;;

*.

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114

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<X

Volume >163' • 'Number f4465

THE COMMERCIAL & FINANCIAL CHRONICLE

LOW

Monday:

,,Saturday
Feb. 9

per share

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28
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STOCKS

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Sales for

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the Week

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NEW YORK STOCK

Range Since January 1

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100

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Jan

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« 36% Jan 3
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$5 convertible preferred—No par
7 109% Feb

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15
34% Jan 3
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to A Jan 3
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j
Grand Union Co
:
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32
Jan 25
Granite City Steel—^_.i._No par
*19% Jan 3
Grant (W T) Co——
-$
31
Feb
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3%%
preferred
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109
Jan 8
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Feb

Jan

23

Dec

Jan

36V4

Dec

Jan

7%

Dec

46 %

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...

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9
9,

49% Feb

105'/a

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^

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*

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111

>

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46

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90

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86

;

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15

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52'/a

Jan

8% Jan

29

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Jan

151% Jan ?8«

147'A July

42

Jan

29

25

79

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29

18 7

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48

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113% Jan

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14

18%

115

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Dec

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11

34

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105

Sep

Oct
Oct

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107
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26
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140

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6

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10

3

111

3

;

134

28

118

3
4

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2

Jan

Sep
NoV

52% Aug
123 -- Dec
77% Dec
130
Mar

Jan

191
123

40 'A
40% Jan

•

22%

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46

3

Jan
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70

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May

56

Feb
Aug

125

15

.

i

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:

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15.
15

39% Feb

36

172

Aug

130% Jan 10
130%

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150 • Jan 18

■« 35'/a Jan

No

<B Ft

145% Oct
-

<

Jan

62

•

</

10

Co

Oct

114%

5

11% Feb

9

par

100

69%

50

1

Telegraph Co

77

par

103

Nov

127
..

29

33% Jan

<7 42% Jan 25
104

38%

Jan

47% Jan 15 / Z 28% Jan

110'A Jan 31

-

Deo

22% Jan 24-

8

4

Dec

15

Mar

,

43%

8
30

Dec

27%

40

14i

Feb

7% Jan

2

< 22 Va Jan

par

No par
No par/

tGoebel Brewing Co.
•Gold St Stock

40% Jan

-

100 7:

preferred
conv

5

Co

L

preferred

41%

'26

*

6

23% Jan

Dec

185%

37%

40% Jan 14

37% Jan
3
108
Jan 22

par

100

Rubber

75

109%

"<

300

Tire

Safety Razor..
$5 conv preferred*.
Gimbel Brothers new/,

900

•

.

Corp..No

-Gillette

5,000

>

67 Va

*109%- 111

42

13 Va

132

« 37% Feb 13

—20

Corp

preferred

40'A

*104

67%,

40%:

31%

//■:

106

10

''

Telephone

General

32'A

..

105 Va

46% v lisst. 47

151

41/4%

«

< 104

Jan

80% Jan

Utilities

42%

42%

;:•<<

123

Dec

Jan

163

14

135% Jan

/ Jan 14

57/s Jan

10c

38%

■

*108
•
.

4

Feb

Dec

27% Mar

8

•"51

24% Dec
61%

.114% Jan

5

56% Feb
•

<

14%

Ifl

8

Feb

Nov

80Va Dec
109 »/a

6

1- /

52

Dec

40'A
,

17% Jan

6

Feb

*

Jan

16038

8 *%:

35% Feb

Dec

14%' Dec

8% Jan

/

10'

180

Dec

86

58

v

12% Jan

<

49

10

152 Va Jan

Jan 21
Jan
4
20VsJan
3
34'A Jan
2

<

Jan

:
.

104% Apr

44% Feb

Corp———5 7. 187/» Feb 13
No par ' » .41% Jan
2
——100
—..
10c
7% Jan
3
General Refractories
..No par
29
Jan
3
General Shoe Corp
;——1
29
Jan 14
Gen Steel Cast $6 preferred—No par
123
Feb 13

'

104 Va

par

par

>

.-

15% Jan

Railway. Signal—.
7
6%
preferred
Gen Realty & Utilities

11%

123%

106

46%
104

.

151

.39

No
common—No

.

27% Jan

15

Feb

187

15

7%' Jan

51% Nov

•

14

Jan

14

Jan
5
Jan 28Jan 21
Jan
3
Jan
3
Jan < 2 :
Jan
5
Jan
2
Jan
3
Jan
3
Feb

Jan

;

68% Jan 28.

74
xl28

Equip Corp—No par <

Service

Public

122

19% Jan 28
108

5
3

Gen

32 Va

37

-

130

Feb
Jan

Jan

V

15*

.

66% Feb

-

.

10%

38

-41%

*105%

32




Gen

^

30

:<

26%

919.

20%

38%

29%

v

104%

32

page

37 V'a-.

112

106

24'A

see

Public

111

-

'40%

29%;

-2634

-

-

56%

*148%

10%

26

Gen

:

46

7

10

Corp..—

Adv

6%

6%

par

preferred
Outdoor

-

31.,

124%

♦110%

31%

...

*108

^

•■

6%

85

Motors

Precision

'i

par

•

112

46

130 Va
•

No
—No

Corp

preferred i/—j_/*—.—.100
conv preferred—
100

Gen

41%

111

55%

106

39%

36 V3

37%

5%

;

,.107%
60 V2
;
12%
182
24
13%
33%
139
32%
171
46V2
52'A

3%%

General

Gen

10%

3

No par

—

common

217a

32%

123%

Mills

1

*141

10%

38%

Foods

General

'.<44%

31%

36

General

38 /V

*.1 "

17% Jan

8

————100
—No par
100

preferred

Cigar Inc

preferred

19%

L

Jan

Jan 28

NOV '

28%

Jan

58

No par

General Electric Co

77%

37.%

<i4i/;v

|

123%

37%

110%

31

;

72%

67 Vi

'.y

10%

74%/

66 %

*32

fS

V

'21 ?!
•

37% <37%

32

:<72%
*104

20%

44%

40%

106

20'A

44%

42 V-

50%

132

129 %

130

130

44%

■

7%

a*ni9» ; 124

tsi«'r.76%

19%

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-

-f 130

.

'• /

77%

19%

:</ 39%

66

'-26%

.

■•;,

151

*

124

75%

'

/■ 7 Va

150

132

*119

23

——.No par

7 % «cum

.:General

176 Va

-

49%

>

24

Jan 24

-1

Class A

^

34%

•

.

19%.

'•41%

57

7

i

6%

<105%

43

33%
,.*175

.

";

51

General Cable Corp
*

85

101

Baking..
8
preferred........u_—No par
General Bronze Corp
9

1

3
4

4

$8

42

<29%*

8

100

•/=

t

Jan

15

Investors

Dec

Nov

<••'/• ii<•;

15-

Dec

10%

19%

18aJ.v 14# Apr..!
29% Jan 29t-c : 16% Mar v

26

63% Feb

General

146%" 147

v

50%

6Va

28 'A

46%

*56 \'i

/

34%

*130

76%

40%

>:

104%

:

/

146 '/a

6'A

40%

% 105 yi 105
f

42 -

37%

*110%
;

42 y«

Jan

3

50

14%

"

I'A Feb

12'A

Jan

4%

/161 :Jatt/t <

28

-15% Feb

26%

14

% Feb 13
Jan "2

6%

29

5

Gen

186

186

14%'-

Amer

20% Jan

l2y4Jan
54% Jan
35'/a Jan
-78
Jan

i-ly-

$4.50 preferred
Amer Transportation..

7

13%

,

26%

124

37%

42 Va

28 %

;*i04
,f

><

.13

*

26%

132

123

<

ovGen
.

55
54%
55%
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""

-

18%

* •11% Jan

78% Jan

<

109

15% Feb 13

3
3

Jarf'trait-

x23% Jan

preferred...

conv

23

Gaylord Container Corp„
a
5%% conv preferred»/...-....50

.

««'- 66%-

54%

10

.

112

•;v

g#!

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53%
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35%
/

41%
109

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32

;

38%

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,

13

180

49%

k*141

'<

32%

A8V*-,

♦107%
;

44%

"

-

10%
32 Va

11%

31%

18%
108%

18%
•

45

90

imyy. /

;X::
;

44%

•

41/2%

,

'Jan

9

19

No par

i

Gar Wood Industries Inc

63%

•88%

:

10% Jan
o

20

Co

m $3 preferred .i./

15%

V

62

V

37'A

45%

44%

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'

20

34'A;

•

50%

6%

19%

<

14 0J/4

33'A

.131.; 13L
20%
20'A

37%

1

146 Va

*130%

21'A

37.%

42

...

180

mi x75Va

133

21%
37%

42 ,V.i

47
v

21%

1

<

< .*119

78%

37%

,

<13%

53 Va

124

77%

•

14'A

49%

;•

131

;

26 Va

146

.

'

■

186

*184

26'A

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53%
48

186

x33%

51%

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131% 131%
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(•

'

:

52 Va

48%

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;

48

53%

48

:

42

34%

50'A

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85

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-

(Robert)

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14

14 7

180

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18V4

£

;

26

:

r

42

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26%

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108

26%

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,

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24%
26

-

«
M:

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43%

91

18%

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14%

62

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-

/

15

45%

;

46

92

85

61%

•

61%

45%
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:

14%

14%

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85

14%

35:

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24%
26 Va

'

26%

Inc

preferred.
—26
/> Common rights/—'
Game well Co (The)
par

.

59Va Dec

.*

Jan

50% Jan

•

1

3

18

»%• Jan^

41;

3

< 33% Jan

Get,

32%.Nov

21% July

7

.

Dec

42% Dec

.

28 'A Jan

15
,

Jan

641

Jan 11

< >72% Jan

Feb

28 V»

110%

Mar

115 / Jan

3

-67% Jan

•

Feb

•

33% Feb

2

<:ll%Jan

*

108

2

47% Feb
16% Jan

;

.

-•

'25%

23'A Jan

Jan

-—1

new.

10

54% Feb

Nov

20%' Dec

15

•

•

7%

Sulphur Co:

Feb

26% Jan

•'6474 Jan

106

>; 110% Jan-

—.10

Jan?

12% Mar

10

:

vnr

i_100

9

112% Feb

>

Corp..^

Fruehauf Trailer Co

Dec

19% Jan-

«

32% Jan

!

Ao

Corp.;..^....:

Machinery Corp

Freeport

Dec

9%

3574 Jan

com—-No par< < • 35 Va Jan

Food Fair Stores lne_^.

'

62%. Nov

Jan

13

par

Foster-Wheeler

28%

Jan

6

22

100-

Food

15% Jan

*'•<•15% Jan 21
• <57% Jan
3

^1

;

preferred

-conv

Dec

13

28% Jan

-

100

Florence Stove Co

5%

Nov

20 Va

42 Va

;

13

92

% Feb

Florshelm Shoe class AJ.—_Ao par
Foliansbee Steel Corp./
;
10

<

Dec

Jan

16% Feb

13"';'< 24% Feb 15
< 110% Jan
2
^2 / "<41% Jan
4

No par

Corp.-..J

Power

86

29% Feb
-

No par

preferred

-Florida

4'A Nov

20% Jun

•

Stores././; Ao por

(The)

109
/

;

Jan

10% Jan 28'

A-Jfo- par

preferred.^..

Co

July
July
July

.

11% Jan

22% Jan 14
32% Jan 30"

•

$ per share

•

23% Jan

i-'r

'First National

;• 2,000
i / 6,100

Feb. 13

t per share

3

8

< *4% % ' preferred

<7,400-

350

Wednesday

'

29

>

V

100
108

86

Jan

3
3.80

<

Dec

37

68%

>

18 Va Jan

":;x66

/Flintkote

;

5

65% Jan

107 V* Dec

101;
Sep
;
1
May
,12% Jan

17

Federal Motor Trucks

HIGH SALE PRICES

•'

Feb. U

<

83 Ta Jan

3,500

42%

41%
LOW AND

Saturday
.Feb. 0

100/

Federal-Mogul Corp___._^—_._.k.8

1,600

13
30

♦

Enamel

Sep

Feb

Dec

81

Jan

100%

28

Light & Traction..

conv

100%

2

5% Jan

F

A'A 9V

15

Jan

23'/a Jan

Co..

27%; Dec

Mar

106 Va Jan

Oct

29% Jan
/ •

Jan

109

95

48%

Sep

16

2

Federal M!n & Smelt Co_j.__

-

62

103

2

3

Corp

Federated- Dept

1

24

Feb

31

50

Dec

55»A Nov

Aug

Jan

40 *

Jan

$6 preferred.—^——

/

85% Feo

'Dec

146

20 !A Mar

17

10

<1,800

21%

105JA Jan

25

/ 1,800;

2

par

Cleaner

158

Jan

6

111

19% Dec

,

43% Aug
34>A Mar

30 Va Feb

par

'

'46%

103

No

Firestone Tire & Rubber—

10,200
< 140.

Jftn

/Dec

7%. Dec

.

J 3% Jan-.;
109
Jan

•

Dec

.

24V4' Dec

r-

4% Aug

,<

Dec

,

13
71

6-

Bldg.^.—Ao
^

;

37 Va Feb

>..3% Jan

/

Dec

*

Jan

107

Fidel Phen Fire Ins N Y.._/

500

14

"

.

112

Aug

,

5

.

Jan

39 Va

Jan

7 Va Jan 24
26% Jan 28

'

/

8% May

42%

10

Ferro

'"27% '27%- '"°

42%

41%

Oct

109%. Dec

1

(July \

5

104% Jan

1.000

-180

—
. S -v-ri.33'^.
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> V 53%
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,

104

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Va Feb

3 * "170% Feb

Jan

1,300.

»

2

7 ;

Jan

RR Co.—

Vacuum

Federal

<-2,700

*

,28

75
106

'

27% Feb

32'A Jan

-

Dief series A

Rights

y

110

•

Va Jan

Ow

—

FkJardo Sug Co of Pr Rlco______20

3,200

"• 84

&'

21

6

26% Jan
;24
Jan

.

Farnsworth Televls'n & Rad Corp.l'

1300

*-.

43%

-

service

2,500

-

76

-

42%

.

19

81%

:• '75'.

*

'

18%

28

80

..100

Corp.

cuouo

common.

Eureka

A

•

1

16% Jan

3

-ITVa Jan
148% Jan

1Mi

Mig Co——4.
Phonograph
3

jouusun

RR

6%

-

- •

50"

No

—

prefcriea

tEquitable
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48
"48%
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,4 49%^ 49%
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-

171/4

•

—

76
' 76
,43% ,44

.

-

'

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♦

; 1
■

,

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-

*

112 Va Feb

3

19% Jan

/ aovu' preierreu-—^^.Au
par
V- 86 preierrea
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500

<

4

Jan

67% Jan

11

v

700

-

-

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&

;«•& preierrea.^..:

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5

'

106

66 %

_

11

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;
.-

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.;.

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10

46% Jan

—'

1,000

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:

,*

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•

•_.

—

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39% Jan

Natural Gaa

Paso

Evans

■

.:28%

3

111% Jan

.

No par

Exchange Buffet Corp

112%

f'& 51%

_t

"•

;

<24%:* 24%<"
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107%* < •107% ,107 % '' *' - 107ya 107% ; •
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:
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68%
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104

6

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4,600
14,100
136,100

25

24

24

Ex-Cell-O

'

112%

109 Va Jan

56'A Jan

1,300

,

11

33% Jan

tihares.—/

< 1,900

■

2

30

157 Va Feb

2,000
'

24%/25;
?.
' 112%
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Feb

Jan

Erie <fc

•'♦111;

71 "

32 Vi Jan

Jan

Engineers

5,300

:

?** ,«Mfc

Jan

2

9

51

•

-

Jun

49

Jan

'

500

-

.

'9%

"

-Dec

200-

137

preieriea

Eleccnc

33,100
53,600
1,200

57

9%

229

Jan

Feb

1

—

Radio

.

30

July'

185

Ei

65

20%

;

29%

■

170

19

108% Jan

J

Light./..—Ao

<fe

Emerson

106'A

,

-

5

Jan

pat

60

:

:

Powei

Emerson

-

15,200
140

;

% 109

Nov

Feb

199

Scorag# Battery.—Ao par

*6

*

109

35%

256

64

—100

Boat————

7,100

5%
,20

S per share-

18'A- Jan

28

1
new..1

com

aoo

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4.300
z

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,19%

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106%

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1

) / 3,000

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37%

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;

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Stores

'

;:;/V

'

8

Highest

$ per share
'

38% Feb

8

.Jan

prelerred.

Electric

600

s

f"

•

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'

v

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36%:,'

35

'Jan

El as tic Stop Nut Co.—J—
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500

.

V

52% ' 53%
28

85

..*82

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tor/;

;

>

4,600

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..*

2

222

:Ekca Products Co^._:—^—_d.

„

/Electric

-

30'A Jail
.191

l-Nu

:

preietiea

<10,400
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51%

Year 1!M5

$ per share

share

par

Bros

ft*

;

1/500

152

' $ per

Lowest

—

vv;\.

78%

152

:

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preferred-^,—10U

Manufacturing Co..-

Edison

< 8,500

-

38%

5%

Eaton

; 3,600

/;

22%
23%
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'

27

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85

32%

"

108

36%

Range for Previous
Range Since January 1
■

Corp—J

Kodak Co

"cum

25%*-

53

27%

31

..*82

■■/••■'

53

51'V

28

30%

-

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31%'

tilt

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•

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v,;

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Eastern Stainless Steel

500

196 y

73

78%:

6%

-.

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.

Par

—

25%

152

.

STOCK

•

36"

;109%" 109 y«
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114;
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Shares

69 Va

;

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241% "243

30%

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85

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69

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•

;

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77%

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197%v

69 /'

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-

5

v

the Week

Sper share

242%

•

Sales for

,

-

28 %"

'

28%--.

.

242 11

•

52

.

23

..

85%

-109 V*

52

.

28%

131%
.86%

69 %' ;

',r

■■:%•

153% '154.v *;
54
-v 54 /v'/y

54%

52%

;

68 %-

109 %'

/

.36%

•*196"
-'-•-

Vy%'.
^22#^ 22%:/;,
■*183%' 165 %/

,"/21% v-22%
?

25%

:

197% 1

'
36 JA ;
*112-114-

^

.

v

v !-4

// 36

114

;

247%

"28 %

'

v:36U.,36%
*112.'
114- •

yr36%

*196

68%/"

Friday
Feb. 15

*

»**14

:i 244%

STOCKS

*

Thursday

•//; w-"^Fe"b.-lfrshare ; v / $ per share

$ per

'*1091#;-10J%&
f /36%'-"37^f;\

■

*109 % -109%

V.vv
•

Feb. 18

'

197%^:

68%'

PRICES

Wednesday

,"36%"/

•

SALE

W.

.

,;1249'•

*196'

7128

HIGH

Feb. 13 /

''•/

per share
>:i'

AND

Tuesday

:

.;vr Feb. 11"

<
..:

12% Aug
7% Nov
33%

Doc

< 21%.' Dec
•

33%

Dec

109 Va

Nov

;

■

t,

THE COMMERCIAL & FINANCIAL CHRONICLE

914

Monday, February 18, 1946

NEW YORK STOCK RECORD
Monday

Feb. 9

$ per
;

20%

60%

33

176

Y

73

Y

.

33 %

33

Y175

176

12%
102

76

81%

81%

32

%

42%'

82%

190

176

' 74

/

/ •

.100

100

.

Y -25%

"26%

26%

2^/2

:75%

76%

:

75%,. 15%

74

-62%

62%

4

62 %

62%

62

38

1

*35%

31%

/

31%

>
31%

25%

■•

25%

25%

share

$ per

/

63% Jan

3

32% Feb

13

y

;* 172/.Jan 14

$ per share

jan

46

Aug

/

Dec
653/4 Nov

28 '/a

16

Jan

; V

391%

;

343/4 Jan 28

177 / Jan

.Highest

share

143/4

4

'

57% Jan

:

Greyhound Corp (The)—pan
41/4% preferred
100 *

•/

.

•/

46%:

46

12%

•*

*-

47%

Z~

18,500

yv;

12

100

100

12%
\ 101

*100

27»/4

74%

•

26%

74%"

/

75%

75%.

>

61%

•';/

V

62%

62%

631/4

y

- -

•

T,600
GuH

6,100

5 Jan -

78

29 1

Feb

21 Vs

Nov

■175

16l3/4 Mar

"88

5'

Jan

May

Jan

4

52'/4
22%

104%

31

Jan
Jan
Jan

15

/108 3/a Jan

14

43% Feb

13

11% Jan

7

Jan

3

--1
;

99 1

.

52 f

.

'

Jan / 2

13% Jan
108

Jan

75

Jan -i

16

351/3 Feb
110 / Jan

7

64
'

'31—

:r$5 conv preferred—-—1-No par

"/

25

,82

Dec

X35

' Dec

1108% Mar
55%

Jan :

491/3

Jan

Dec

100

Oct

58

Dec

12 Ya

i,

5 Y» Mar

*14% Mar

~*/o par

Oct

y86

:

Jan |

28Ya

.

25

22?/a Jari';/ 3 '"^. 30% Jan 28
7 y1/ • 78% Jan 28
preferred—
....-No / par; y 1713/4 Jan
7
63 % Feb 15:
OU Co,rp—21 V59 % Jan

Gmf Mobile & Ohio RR:

;t 10,800

27

.

4

'•-•

79 '

70% Jan 24

;

y

Guantanamo Sugar; common-—-il'

•:y/-^---50

26%

:

Grumman Aircraft Corp«-~.;

.5,600
3,200

'

62%

.

115

12
:

„v75-

Lowest

Feb

21

3

/

Green Bay & West RR_i/_—100
Green (H 1>) Co Tnc—.--.-I

''"1,400

83 %

34% * 35%
*109
114

45%

20

$ per

share,

Jan

y

'Preferred

/

' - 20

•

,

,

*

& 82%

82%
34

*109

.'V

44%
12%

12 v

•

■

*72

33%

Y'

33%

-

•'. 114

*109

::S

;y

102

26

•

'

115 y
a-45%.'
12%
12%

*99

■

17

/

Prop—No par
Great Northern Ry 6 % pfd—No por
Great Western Sugar——No par

Year 1945

Highest

'

81%

..

175 :

176
,76'

:•

.

32%

Great Nor .Iron Ore

$ per

•

Range for Previous

Range Since January 1 v
Lowest

-

8,500
14,000
4,100

r//

59%

32%

-.•'*72

'

76'

59

32%

.

:

STOCK

Ojhares

y

60
.

*173

:

176!

•

81

33%

' 44

•'

:

•>72

%

-•

20%

20

YORK

EXCHANGE

the Week

/

:•-

$ z>er share

20%

58%
32%

V;;?

■•

,

33%

-

■'ii

45%

12 %

58%

32%

19%

20%

57%

•*109

115

*98

20

591/4

*72

-

f

3?%

>

-451/2

20%

176

«

73

*109
■

/

,

81%

-81%
:

$ per share i

33 Y#

20%

33%

Feb. 15

■'$ per share

NEW

Sales for

Friday

■

Feb. 14

58%

20%

59

Y;

$ pet share

share

STOCKS

Thursday

Feb. 13

33

'

176

Feb. 12

<

-

$ per share

■

Tuesday

Felj.il

Saturday

SALE PRICES
Wednesday

HIGH

LOW AND

Dec

/

30%- Jun
y 82
Jun
J, 61 Ya Dec

H
*37

31%
*25

*112

*106%
27%

*106% 108%

27%

28

108%
28

n

16%

16%
14%

14%

16%
r

140
36%- 37%

*85%
*184
124

Y 121

125

;;

*134

>184
'

90

*139

140

29%'
:Y

34

34

34%

61

34

61

*33%
*25%"

60

■

•■•

•—

60%

27%
*60%

;27%

*31%

33%
*33

60%

.32'K-

30%

30%

54'%

52 'A*

531%

25%'

26%

31%

-v.

:/•■

62%

Y

; 113
Y 92%

-

27

26%
*6oy*

■:

.

,

*60%

62%

31%

31%
113

.*110

26%

V

i

11%

113

11%;

•23%

40

40%

31%
;

S 89'/4

.

12

32%
■

92

■

27%

Y

.*20%

40%

38%

32%

31%

23

•:'

9%

;

-

9%

.

9%

v

v

8%

t

.31%
110%

-4,400

;09,2O(f-r
//
1,200

32

nio

113

11%

27%

*22

39% •;
31%

:; -37%

38%

31%

32%

8%

9%

23

-1,200'

/'v

23%
39%

22%

/ 38%
32%.
9%

Hove

5%

21,100

Saturday

Feb. 11

12

62

'

Jan 21

15

Jan 16

56

v

"Jan 11

1 28% Feb
Jan
Jan

32

/

29%Teb
60'A Feb

*

Jan

.

Nov '
60% Jun ti

35
-:

251/4 Dec
63
Nov
109 Y«
;•

66% Jan
12 3/a Jan

.

Dec
July

29%

Sep

5

1

63% Nov

26% Nov

Aug

2 /

Dec

32%: Dec
y

55% Oct
102

93 / Feb

Dec,

.

33% Nov

Jan

25

"

19% Jan ;

..

16%

:

111/ Jan 25

July y
Nov >

:

90

€38

21% Aug

30

/

138
-

Feb

Feb

14

33

Feb
,

123

6

62

Dec y

Dec &

Jan
23 Y« 3an
y 413/a Jan
y17 - Jan
y i/17% Jan
y42 / Jan

34 ' Jan 29

Jan/15

•

393/4
115 Yi

25

9

Feb

Aug

189

Jan

130

15

3434 Jan
27 '

35

103% Dec
1; 921/4 Nov

Apr
Jan
Jan

y72

Jt

30; Jian 19,
Jan

Nov ;
Dec

82

;

Jan .29

37

2

Oct

170

Dec
Dec

14

223/4

1

Jan

16%
134 %

Jan

71 Ya

9

Jan

51"

87'/a- Nov

23%

Dec

54

Dec

1

Jan

34%

"

12 Ya Jan 25
25 ; Jan 17

8% Jan

—-—100

19ya'Jan

-

preferred—
100
Ltd—^.««.No par

■

/.

„rl

-

i

2

81/4 Dec

Jan

-

Jan

10

;

y 23Y« Jun
36% Dec

,

'

'

33Y* Jan.

41Y4 Feb
4
Ya Jan
9
lO'/s Jan 30

*

y 29% Jan,

No par

'

8% Jan

26% Aug
14 Yi Jan

/

34

3%

/

34
May
9% Dec

#an

'

NEW YORK

/Sales fot

Friday y
/ Feb. 15

Range Since" January t

STOCK

EXCHANGE

the Week

Lowest

.;I

'

I per short; i

*

Sper ehare

Sper share

non-cum

20%

Dec

•

Thursday
;/..;Feb, 14 •/

"

$ per share

Manhattan

.

94-

•

Mar
Mar

100 Y4

Nov

14
104 Ya

9% Jan

108

Jan 15, :
Feb

,

•

Range for Previous

LOW AND HIGH SALE PRICES
Tuesday
' Wednesday
Feb. 12
Feb. 13

Monday

Feb. 9

A

Hupp Motor -Car .Corp, „i

fair ••/.-/y/y

136

.

146 Y» Jan 21
■

2

Jan

"

38 Ya Jan
131.

Apr

,.' 6

2/

27 Ya Jan

25

Hud Bay Min, ft Sm
Hudson Motor Car

4,700
6,500

9?«

Jan

Jan

:

184'

22

60

Sound Co———18.

Hudson

1,000
*

32%

*

106% Jan ;

preferred

Houston Oil of Texas v t &

7,600 v

»

,

90

,843/4 Jan?

3%%

/

428

-

50

—:

—

x30

Feb
5'
: 38 •
Feb : 5
"1081/2 Feb /11

2

56% Jan

24%
30 y
;51>
>21%

Houston Light St Power Co.—No par

yy 3,600

12

Oct

17% Feb

Jan

Dec ,•■
Apr /
431/4 Dec
;

29%
155

Jan

98

2

32'% Jan.

—3—100

:

•

1Q.700

55%

k

11%

89%

27%
53
11%

preferred

/$2.25

,'40"

M

53%

;

:

.8

Hpusebold Finance com——No par

1

27%

•

:

% 7%

15 Ya Jan

Dec

110%

J»h

24

Dec

121
/

Oct

16

*

22

32% Jan

Hollander & Sons (A)——

18 Ya

132

14

y 130: y Jan, 28
; >; 86
•*(Jbn ; 5
No par
No par ■ y-135^%Jan ;v2,
> 97/*jan
—r5
3

Holly Sugar Corp
i—No parr
Homestake Mining/———i--12JiO
^Houdaiile-Hershey com
No par

5,500

89%

26%

S& 52%

9%

.

601/4

60%
.32

90/

23/*

23%

40.

.31%

Z

"

/

27%

60%

200

900

27

89%

.•

600

-

-

54

26%

110%

-j

/

.

31

53%

11%

> 11

r

—

.

J 31

200

•

•.

9

45% Jan

13

Hlndb S* Dauch Paper Co^.^.—JO,
Hires Co (C E) The.*-,-*™—!
Holland Furnace^ (Dei)—
10

6,400

8

Dec

106 Ya Jan

■

15

//

Feb

■

113% Jan 21

•

,

53%

91%
27%
53%

26%
"51%

:t

"

31%.

Jan

341/4 Feb

184

par

Aug

105

-16% Jan

.4

.100

103 Y2

17:
5

160

8

Hershey Chocolates—
$4 conv preferred
Hewitt Rubber Corp_

,

'140

,

26

323% Jan

84% Feb

preferred——
—No

27 Ya

140

103%" Jan

non-cum

43% NOV

Jan

Feb
28% Jan

17

i— -15

—

39

Jan

15'/4

-

4

•

Jan

Jan

20 %

8

108

y 121 y Jan

-

1,700

U

62

62

>>2o%

31%

/

200

34

*33 v.-:
./.

w-

60%

62%

*110

55

.11%;

*23

9%

92

> 26%.
r-.'fcr

58-

62

26%

'

"

27

58

34

"

-

35%;

34%

26

v/ 521/4

'

92

•/.,

*30%

;

31 -T 31%

r,

'

*61

'/;

'•

33%

25%> Jan
155'

33

17

117% Jan
-

y

Hercules Powder—No par
i
y :&%
30
preferred.
—-X .100

-■/'

28%

28

6

preferred
;—-— 100
(G W). -25

Hercules Motors—

1,700
1,500

;

140

Feb

/

105 Ya Jan 16

-25

Co

Co.

3%%
Helme
7%

-1
/

>• 90

27%

>

100

136%

90
140

.25%/ Y- *25

25%

v 32. :
S3 %

54%

*135

27%

;

170

122

90%

33%

'

135 0)

Hechfc

900

,

188

V122

139%

.

.

;..V.35%','35%-

139%

28%

/

,

Glass

Hazel-Atlas

170*

,

88/

*87%

,*3334%
:
A

.10,100

108

*184

35%
123

135

-.<

'26 m

32%

54%

;

188

■

35%

90%

i 27%

■

/

21

114;

preferred—-—--; .100

conv.

Jun

23

39 v

13

Jan

:

Jan

35% Jan

26'/a Jan

1

Feb

<

-

4,500

,

377;

108
*84%

;

85 v//

122%

140

33%

61

•

36%

108

*184

J

%. *25%

26

32%.

*110

135

mm 139%

33%
34%

33%

135

36%

*36.
108

35%

*88

'

,

29

29

14%
136

:%•?; 85-■ Y

(

122

135
89

16%

'...,14%.

*"

a 139% 140

.29%

:

•

*88

16%.

14%
136

31
25

'

:

39% Jan
4
H$rt; Schaffner & Marx——;— _10
Hat Corp of Amer class A—. —1/ y 12% Jan :
103
Jan
4% % preferred (modified)— .100
.1
14 Ye Jan
Hayes 'Industries Inc
—9
12% Jan
Hayes Mfg Corp———

.

'

188

>

34%

;

1,200

/
1,600
;yyy;'60/;

103

16%

136

36%

*119

'

:: 42%
42%
14% ;V 15
*102

..10

4%

a 2,700

;,w_ -

.

141/8

,

Y

,108% 108%

;

1

V;/

;

137

88

27.%

27% '

—18

—No par

Hanna (M A) Co $4.25 pfd—No par
Harbison-Walk Refrac
JNo par
.100
6% preferred

a -so..

16%

14%

;

42

42

14%
14%
>102 -y: 103

16%

136,.

124

*134%

135%

90

15%

*85/
«

36

/•r

42%
13%;
103

"

*35%

5;

'

*156
'

,f 13%.

::

^

188

35%

35%

.

13%

;•

88

,

*184

188

35%

"

-

36

'*85

27%

*158

,

; '*

108%:

108%

,

'

139%:

36

108%
87%

*108

27%

*156

l.ioo
//■'/ .560

106%

35?/a Feb

Water.—.

Hall Printing Co
Hamilton Watch Oq._

800
y

115%

106

f

16%

14%

138

140

115

108%

103

14%

:

•;

115%

104

Y 103%

104%

,*io4

'

25%

114%

-

1

■

31

25i/a

Hackenstck

.

*105%

114'

'

/•-*'.*•/v. '41%*

13%

13%

Y.

14%

14%-

42%

42%

44

*42%

31

38

*106%. 108%
X27W
27%

-114

i.

;

31

25

*35

25%

*30%

25

••'.•. 25::.

-V

•''

:.:

*156

*156

.

£

YY:,Y

115

115

116-

•

31

*35

31%

-*35%

38

38

38:

$ per share

$ per share

Shares

.

y

v:

Par

i. t

t ptrshare

.

.Year 1945

/

Highest

$ per

$ per share

per share

'

Highest

S:I^wes(y;|:s

,

share

'

V:'-

421/4

42i/i

40 %

38Ya

81

*351/2

81%
99.
37

13%

14%

29

29%

"79

*97

•

illlgl

IK-?!®

s?.'

'y

42

39%

.■

421/4 y
•

*

42
::V

'"y

.V:

40

80%

-I.; •' j.-

97%. ,98

'■

1

35

■
1

14 Ya

291/2

VV-;f

35%

14

■

;■

■'

•

293/4

*35

•/

80%

19%

193/a

82

:y

82

1061/4

N

36

.

106'A

21 Ya

11 Ya

'

♦493,i
•

503/4
109

11%

206

19 3/a
206

12

12%

30% .31%
*97

10%
41%

98%
10%

42%
146

146
44%

,21

K 18%

18 Ya

/ y 791/4

109 y8

*106%

170
ij:0"

.

18%

:

94

19 Ya

20'/e

/

110

Illinois

/ 29%

5,700

29

'

12

79

*106?/a

f.

107

f

,

600

.

49

11%

49

•-./

109

-

-

>108

.

••***'

41%

143
44

v.-

42%

42%

*42'/a

26%

26'A

♦25%

46

46

*153

y 12%

z

/ ////;

205

93%

491/4
109

19%

65 Ya Jan

106; Jan

135'% Feb
Jan

25.

Jan

1441/2 Jan

3
2

170

102

'

..

.

—_1

JOY# Jan

ilnterchemical Corp—i—--No par
4% % preferred
——100

Feb

103

Intercont'l Rubber—..—-4-No par

9% Jan

14

13%; Jan

Interlake Iron

No par

mm'mm mmmm

•

Jun

34'/#

Dec

69

Dec

104 Ya

166;

6
6
26

543/4 Jan

1091/2 Jan

109%. Mar

Sep

13-

11% Jan

9

49

38

Jan

39%

14 *i

22% Feb

/

/ Dec

92-

19'% Jan

18

1203/4 Feb

.

7
14

.107Y2 Jan

Feb

.170
.

Dec

Dec

§4

.

18-

84% Jan

.107

13

17Ya'Jan

10

"""

m 44

28

225/a Jan

,

14

Feb

9 ;

16Ya Jan

y

7

par

373/4 Jan
323/4 Jan

4

No par
-20

Co

Insuransharrs Ctfs Inc—-

30,300

v

Steel

Inspiration Cons Copper.

'4,200

12%

19Ya
207

..

*96%

10%
401/4

10%
41%

10%
40%

12

144

42 /■•;

140

Jan
Feb

82

'•'174

Jan

;

14

11/:
6

3

20% Feb

2

v

Jun.

Dec

10%; Dec
Nov
57

y

104%

:

•

•I9Y4 Dec

.ll9/# Mar

>

Dec

105

8% Jan
;/37% jan

12%Feb

.

109%

Jan
6% Mar
8% Mar

Oct

12'/#. Dec
14?/#- Deo

.215 -/Feb

.

*175

175'//.
29

V

25 Yb

45

*153

9,200
.4,000
!

io% y

10 Y4

l0?/a

41%

41%

42

;

'

V

200

3,900

:

-22,800
90

^

24,300
-

210

;

.

.2,500

175 wst

*147
28%

29

29

.42'%

.

48%

*176

/

3
5

10'/# Jan

3

y

y

/45.:/y: y *45

*153

:

—

31,700

:

j

5

36'/a Jan
139 y4 Jan

-

175

42%

-

45%:

900

v

Jan

.

41:

Jan

-

19% Jan
Jan
>
9YaMar

28

79

123-

y 41 »/# July
39
Feb
92
Jan
JJJ 1378/# Apr

317/a

Feb"
Jan

9

Jan

17

155

3

3

-

»

36

145

:

...

Aug

151' / NOV

-.

Dec
33 Y» Dec
33

/

41%

Dec

30'/a

.

V

Oct
Dec
Oct

46
152 /:

Jan

v

:

Dec

175
i

•17Y# Jan
19 Ya Jan

16

46./Feb

Jan

18?/#

2

Dec

yDeo '
57.
Dec ;
453/4 Dec

>18% Jan

2>

Dec

24

*116

Mar

Jan 15

29

3

193/i Jan

29

i.NoV

;

i

84Y4

4»46Y< Jan 15

3

Jan

:

129

2

22

Feb

99

11 Ya Deo *
38'/2 Dec
141
Dec
/ 48Y4 Dec k

c

Feb

6

Jan

.

./313/4 Feb

13
-

■f:

Jan

48 Ya Jan

-204

21

; 100%, Dec,
193Dec*
yy 133/4 Nov
34% Dec

60%Jan 25
49?/a-Jan 30-

-

21

148

■

•

3

25% Feb

Tntertype Corp__
——No par
Island Creek Coal—————1
y-. $8 preferred——
——1

y

3

283/# Jan
39 / Jan

28

28 Ya

25 Ya Jan

.

2

Jan

5

•122

3

106'/a Jan

5

75% Jan
5'/# Jan

17

1153,4 Jan

•

21

551/2 Jan
y 43% Jan

Jan

7

148

■

14

/ 21Y# Jan

2% Jan

11

113/4 Feb

:

2

1121/2 Feb

178% Jan
: ;

331/2 Jan

,

13

'.Feb

v42

74YaMar

2

16

28:

98% Jan

3

■

Jan

14»/4 Jan

42Ya Feb

13

91/4 Jan

100 Y$ Feb
.195

30

30

V - Foreign share ctfs-—i—No par
.Interstate Dept Stares——No par

*153

*153

Feb

y 95 y4 Jan

Intern! Telep & Teleg—jjj.No par

2,000
/
1,000
y/> 600
:

27

•

.

ylnternatlonal Shoe—---—No par
.International. Sliver———50
vi
1% preferred———
——100

29%

••42%'// J
42%
27.
'// a/ 27

27

c

y/r Preferred ——4—100Int Hydro-Elec Sys class A——29
^International Min 4t Cbem———9
4% preferred———
100
International Mining Corp
——1
/Int Nickel of Canpda——No par
preferred ————--v—100
International Paper Cq—
19
y
5% conv preferred—4—-——100
4 Inter Rys of Cent Am———No par
6 % preferred
10a
/Interns tional Salt-j
——No par

29 Ya

*29%

45

1,600

175 a

y 29

25?/a

400

.

/

1991/2

-*147

/

210

59

473/4

•45%

./

/

v

59

.

199%

28%

;

42%

42%

27

46

12%

32%

'

48%

28%

12%

770

98%

',

5§

28%

194

:

98%

48%

29%

30

International Harvester—--No par

32

98'/4

59

29

Jan

92 / Jan
190 V2 Jan

195

Int Business Machines new—No par

.

/ 200

*147

•

r,

.31%//

59

*175

42%

12%

48%

48

/

600

\„4,400

■

113

:,*57

194

y

95%

«■'

.144
/.y / *140
144
42%. 45%
y
44%
45%
112
112% 112%
112%
22
22% y '/y 23%
23%
112 %• 112%
f
112
112%

22%

22

'

207

93%

.

*140

42?/a

112%

•

/

194

30%

98%

/.

it;

94%

•193%

30%

29%

46

/

;

19?/# Jan

Dec;

40Y#

r29% Jan
>

y 47% jan
72% Jan
18% jan

■

118% 120

49

28%

205

98%

y

5814

48?/,

29%

;H

30

,

*140
:

•♦175 .,/ 200.
*147
175

*28%

19

•>

■

10%

58%

/

18%

12%

/

98%

29%

12% /

/;

30% "31%:;

28%

23

,29
Feb
9
;18% Feb 14

—100

preferred.

Inland

8,600
y uoo
1,700

,,

r

4%

.

-2,000

/

49%

*108

10

i

y

21%
113A :,.:.•;* 11

11%'

221/4

59

No par

—————No

Ingersoll-Rand—

98 / Jan

85

13% Feb 13

JNo pat
Industrial: Rayon.
$4.50 preferred A——JLNo pat

100

14

11

5

Indugtria Electrica De Mex,: S A—_

1

.

Feb

15

Jan

8

35

1000

Co__

>700

80 /

,

: *168
.y 110% .jfrys/Ailo v;,ii2r/••'.

11%

94%
94;
/ 193 f 193%

12%

22%

49

RR

' Jan

7

451/2 Jan

11

92

-

Feb

43% Feb

/

11

79

;

100
100

yy.y 0.0
201 y 201

♦112 i/a '115-//

195

11%
18%

.18 »'

,

120%

112% 114

Terminal

38% Feb

100

RR See ctfs series A—

!v

38% Jan 21

—^—20

4;600

:///>18%:,18%/

/

*11

49%w
109

11%

y-^.rp-vii

193%

10%
41

„.

Indianapolis Power & Lt

-

192

*97

m) ,•■<

y f Leased-lines

250

135% /<y*y;i36-yi37:%'.

y 20?/a

;

11%

*108

95

143

175

: /

20%

*11

"•'!

204%

42%

*147

90:

m

6% preferred series A——

7,600

•••/

*168.y

-1121/4

-49%

120 /

48%

170

111

;

51

45%

*581/4

\

Power Co——.——,,,

Illinois Central RR Co_.—

900

y-t-*35% / 36%
14%
14%
.

107

135%

.

oq.

,

yy,

79%

137%

..,•*

,

Idaho

700

16,400

.

.

'

19%
80%

*106%

'0

120%
22 »/4
22%

119%

♦175

14%
29%

18%

: 137%

•108 ' 109
y
12,i2'yy

204

95 '•■/
94%
192% 193 k
■

.

*Q7

/

35%

14

80

y

:•

...

40%

79 %

•

12 '

;

19

51
:

:

.

77%

:rj;j

113/4 y,

*11

40

/

•

•1671/4 170
20%

99

::

ii i-y

*114% 114% y
V

'

v

:

80

35%

•

29%

.

•'••.

29%

13%

:,,lV*42.//y42%,

39%

/

;

81Ya y'
y> 1061/4 108
:138
139 Ya

111/8

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20

13%
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*1371/2 140
v
*1671/4
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116
116
::
21

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42%

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'

I;

/

80

97% V

97%

J1,1

•'

39%

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/:•

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1/42%

38%

'f'.ViM
'.'•y./y y

^

;

-

yyyy/yysyy/y
221/2

22'/a

5IY2
51'/a
*110
111

146'/a

148'/a

21%

5i%
111

142

♦136

58

58

58

•

*150

.

511/a

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111,

'

•291/4

•

-.147

147

57 •>■

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116

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175

*150

50

51%

.

106 3/a

106 3/«

155

154 «/4

154%

Y2

293/4

29

57%
116

503/a

150

29'%

*1051/4

106 '/a
150-

.•

21%
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Jii *

175

49

!065/8
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52

111

136 y 136

58

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.

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139 Yi

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135

223/a

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.

y

151

135
5.7

,

*115 /■': 116 y
*150
160
50

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152 3,^

20%

i

67

6,900

51 Ya

-

300

'

' 57 : i

:

4%

y

600
'

53

20

y

106'/a

106

106 Ya

153

154 Ya

158-

29'/a

4%

Joliet
Nr.

,

6,300

1,300

•

,—100

preferred——

.

5%

Feb

100

135
55

U4

Jan

2nd preferred ser
St Chicago

RR

A——100.

yi

stamped—IPO

pref series B conv-

•

•

'

:

10Q3/4

Jan

126- •: Jan

—-100
1
—I

3

:

Kalamazoo Stove A Furn—1—10

29

Jan

21

Kan City P & L pf ser B~
No par
Kansas City Southern———No par
4% non-cum preferred——100

119

y

6

79

Feb

JPeb : 4-

;

Jan

61

140

.

NOV-

Pec,
Dec

46% Nov
105

Mar

911/4 Jan
19 Y# Jan

10

.

116
.

27Y# Jan

160

31 Ya Jan

90

Nov

j. 137% Dec

Sep

2

107 Y4

8

3 / '

25%

: 53?/a Feb

•

Dec

47

114 Va May.
145 y Nov

Jan

31

109
,

40 Ya Jan

y

Jan

101.

J18'A Aug

18

,

"■

2

.,

141'/a Jan

34% Jan

1093/4 Aug

583/i Jan .14
2 y .115%.Feb 15:

3

Jan

Joj Mfg Co—

:

52 ;

112 y.Jan 7 4
154
Feb / 2

14 y

Jan

.

22 Ya

19 Ya Nov

24%.Jan 17
Jan 31

3
46% Jan
109 Ya" Jan 31/;
141 y Jan. 2 :

ft Johnsons———>—12 %

—u

Jones & Laughlin Steel—.——No par
6% pref series A—100

400

1,100

293/4

.

jjj.jJ.No par

31/2 % preferred

Johnson

155

•

%

Co—w—_1

€0 Inc—-

Johns Manville Corp———Np par

1,900
: : r

1393/4

1

513/4

20%

jewel Tea

40

115% 115%
*150

Jacobs (F L)

1,400

152%

*137
>•:

23
52

111:,

fno

150
v*

57

,

5lY4*

611/4
111

•

y

139

Pec:
Nov

301/4 May
Jr'ytf J.
h;

K
32%

32%

33

*119
29

*61

32%

31'/a

►119

29%

283/4

27'/2

63

*61Y4

37

37

*36

243/4

24Y4

23?/a

24'/2

24

33'/2

33%

33

33

32

29

29

footnotes

28'/#

31Y4
*119

32 Y4

28%

28%

63

*61%

62

37

*35

363/4

37

24?/a

25

28%

.28

For

32

*119

28 3/«

see

page

27

919.




Y#

32 Ya

27 Y4

62

•32'%
28

32%

32%

*119

28?/#

62

*62

37
•25

.

y /

—' ' -'••••

29
63

38

Y4

323/4
28

—

•

33Y4

28.1/4

28 Ya

1,300
l-'M "-.v

'■

•-'

■>

4,200

V

253/a

32%

;

100

38

25

' :'•

500
,

y,

Kelsey Hayes Whl

2,000

Class

B—

con?

cl A——1
-—1

•

20

34V4 Jan 15

117

Jan

13

Jan

34

23

65

Jan

3

38

31% Jan. 22

26 Ya Feb

31 Ya
124 :

9

27

Feb

13

34'/2 Jan 29
30

Jan

Dec

Jan

67

Jan

38

Dec

22%

Jan

35%

18 Y4

Jan

31

Dec
Dec

,4
,

'

•

Dec
Mar

3IY4 Dec

.18 3/4

Jan ,15

11

Jan

Jan

3

323/4 Jan, 29

I22Y2 Jan

23?/a Feb

Kayser (Julius)

1,400

3

36'/a Jan

62

Kaufmann Dept Stores
—-1
& Co new——5

4,900

Jan 10

27YeJan-

9

:

Volume

7 THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4465

163

NEW YORK STOCK
LOW

•;/Pr.Saturday/V
•; Feb.5
$ per share

HIGH

vFeb/ll|>
t per share

57%

*37%

40

*60%

62%

>>

-

55%

$ per share

i

.

'

*18

18%

91%

91%

39%

40

10b i/a

«0%

•> •

0 p

109

37%

*17

17%

*62

;

17

46%

47

46%
49

90

39%

/

/,45% ,".45%
49
49,

v;

88'/a

i

40 :. '

109%

35%
16%

'

i '•

.

48%

'

47

$ per share

$ per share

:

Par

■

No par

48

32% Jan

38

500

Kimberly-Clark

No

61% Feb

%

i? m

900.

C.

170

2,200
.V

/•; Koppers

-

400

3,600

Kress

(S H)

./ Jftoger

38

10

Jan

31

18 Va Jan

29

Jan

16

No par:

;

;44

v

Jan

Grocery 6 Bale—Ho par

49% Feb

.

Nov

Dec
Dec

40 %

Aug
Aug

Mar

112

35%
17%

Oct

'35% July,

X49 %

Nov

Jan

50 Va

Oct

,

37

4

'9% Jan

3

19

96%

-26
Mar
8% Apr

„48% Feb: 15

\44 % Jan,

Dec

Jan

28

8

39 % Jan

67

107

15

Jan

42

110% Jan

33 Ya Jan

Nov

Jan

72% May

4

107% Feb

—1

& Co—

*

18% Jan 29

10

Dec

35

8%

14

100

Co

Kresge Dept Stores——

1,000

49

Inc.*

Kresge (S S)

51

38%

30

-93% Feb

share

Jan

22% Mar

35%

6

Jan

68% Jan

16'/b Jan

$ per

$ per share

58 Va Feb

3

88% Jan

4%% preferred

3,200

48%

48%

Co

par
-1

No par

Kinney (G R) Co.
$5 prior preferred-*

w

:*#>'100

•

Corp

: Jan

Highest

Lowest

Highest,

No par

18

48

•

48%//

Lowest

* /

v

Range Since January 1

'

/

Keystone Steel ft Wire Co

"

47

''

•

Range for Previous
Year 1915

V'..*' V,

.

VI

Kennecott Copper.,

37

17%

17%

'

:

r. i-

STOCK

YORK

EXCHANGE

700

109%

36%

:

/V;

15,300

;89

*108%

'

NEW

Shares'

401%,: 40%

36%.

t'

-

t

•!/J.64'/a
:;/18% :.48%':

*108%

36% : ;
.17%-v

>

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;,.

RECORD

..'.*4aSTOCKS

36%

*35 %

18%

; 90.

108%

v

63 •

17%

.

55%'.'57

35%

€ 62'%

.

*16%

49

55%:

35%

•..<>/;*'•

the Week

$ per sharev

share

*

Sales for

Feb. 15 '//:

;

54.%
7

,

62%
\V. 17%

.

35 %

-

46%

48%

37

108%

37%
17 ;

48%

$ per

a55v*:;'

•

Feb. 14

.

/' *17
i 88% v90
39%
40%

-

109%

36%
•

54
37

;';,.'40%'7 40%

■

108%

37

% •:

91%

:/Thhrsday>;> !£';/ivFriday,4'/

.

1 $petthhre

,

37%

61%;. 61%
18
48%

•

/■

Feb. 13

,

56%

37%

i

:

.

•

PRICES

Wednesday

,V Feb.

'

V56%

SALE

Tuesday

Monday/
•V

AND

24

Nov

mm0n
8%

8%

52%

53%

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.8%

,

.

:/

70

79
70

16%

163/a

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::

,

70

.

35,900

45%.

400

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500

72

16

16%

16%

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'

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' 5V4

.

,

2,000

58 ;

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53

343/a

70

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53%

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r'.v

•

27%

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323/4

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,

70

703/4

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14%:

71

35

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93%,

93%

6,000

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51

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1,200

3,300

199

57

58%

79

80

,

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:

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76%

78

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1

43%

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43

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403/4

39%

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38%

38

69 Va

69%

69%
30

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78

78

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30

30

80
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7

193%

193%

31

•.

31

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.

28

28

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40

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Monday

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,

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575

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7%/

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61

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38

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68

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119

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108

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100

50%

7

105

Mandel

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22%

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45
116
42

27

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393/4. i39%

31%
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1

56 8

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36

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39

81%

17

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7

163

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163
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54%

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17%

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114

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114

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140

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49%
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r

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113 Va

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113 v;.7

110%

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•

114

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,

127

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128%

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15%

•

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49

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47

48%

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115 7.

\

110 w

-

39

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7*115

1153/4
117

:

footnotes

77%

77%

: 28%

it/. 28%

.

>

31%

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32%

•i t '

32%

32

53 Va

55

55

56%

19

19%

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32
54

*58%

:•;/■

18%
in7

47%

110%

19 Va*
107

48

7/7

50

;

16 VB

114

Jan

X32%

Nov

Jan

190

166

Jan
Mar

68

'.13% Aug

20

23%
52

30% Jan 14

Lowest

v

Jan.

•,

.

•

47

49%

$ per

$ per share

42 % Jan

11

39

Dec

Jan

155

May

Jan

473/4

•76% Jan 30

$ per share

Jan

147

72

Jan

10

31 %

5

106%

Jan

Feb

7

16%

Feb

51

•38

3

287b Feb
16% Jan

25

5

18

'97s Jan
7

21

17% Jan
40

34

20 3/b Jan

25 Va

20

■45% Feb
-29% Feb

Dec
Dec

15%

?

18%

393/4 Feb

15
8

V

18 3/4

Jan

.'•/ 42%
111

Dec
Oct

21Jan

46%

9% Mar

243A

Jun

Mar

63%

Dec

40

27%

Jan 29

-45

Apr

Jan
Sep

109

6

29% Jan

•

800

:7:-

1,600

393/4

400
7

1,400

7//*U4.>7: 1153/4
110

110

7/78%
28 %

"V7 3,800

60%
50

>."•

32

32%
57

200

33

58%

7

31%

'

■"

19%

19%

lOi'^

.48%

60

12,400

283A

o48Va

■

"10

:2;:"7

82%

*58%
s

inn/,

49 3/b

49%

Mission

2,400

Jan '

7%

1

t

'777";

.

70

600

ser

Preferred series

A

B

Moore-McCormack Lines

pfd
(John) & Co

cum

Motor Products Corp

Wheel Corp

Motor

Brass

Jan 15

50
7

Co

Mullins Mfg Co class B
$7 preferred

Munslngwear Inc

16

j

Jan '

28.

Jan

413/4 Jan

104%

Sep

.109 Va

NOV

;, 8 3/4

Jan

16%

Dec

40%

37% Feb

Jan

27

Jan

119

Jan

3

26V4 Jan 28

104% Jan

17

;'

107 % Jan

12% Mar

/

Dec
Dec

Oct

Jan

109%

94

Jan

108%

Oct

...

Jan

16

35

Jan

47%

Dec

25

Jan

3

29

Jan

16

14 % Mar

29%

Nov

76

Jan

87

Jan

16

87%

Nov

38
7

51

Jan

3

2

543/4 Jan

>

21% Jan
52

Feb

143/4
36/

Jan

63%

9

;137:.%

8

7-53

29 /

42% Mar;
V May,

Jan

147

108

Jan

14;

108% Aug/

4

112
112

14

11% Jan

3

16% Feb

8

par
—10

7119/::: Jan

3

124 7/a Feb

7

34% Jan

2

13

42% Jan

29% Jan

No par

114

—No par

112

No par
No par

109

112

Dec

13% Dec
124

Dec

22 y4

Jan

37

Dec

5Va

Jan

.16 3/4

Jun

16 Vb

Jan

49% 'Jun

15

36

Jan

7f 52%-Dec

6

26

Nov

f;ii34'/a Dec

;

i 25%: Jan

136

Dec

117/

Dec

116

Jan

8

111

Sep

116

Jun

Jan 29

115

Jan

15

113

July

119

Apr

106% July

113

Jun

477/a

Jan

76

Dec

21

Dec

24%

Dec

Dec

61

Dec

•

1

::

Jan

110
82

3

.

29 Va Feb

13

;

% Feb 15
2

62

Jan

29

53%

56

Jan

15

41

34 V4 Jan

16

21%

54

Dec

Jan

333/4

Dec

23% Mar

32%

Oct

15

31%

Jan

473/4

Dec

19% Jan

14

9%

Jan

18%

Dec

109 J/a Feb

6

97 Vb Mar

109 %

Nov

4

29

Jan.

3

33% Feb

6

44

Jan 25

58 Va Feb

17

Jan

3

8

Jan

.

1

79% Jan

Jan;14-

7

3

.

Feb

1/

Mar

23

29% Jan

OO

109%: Jan
7

43% Jan, 29 »

2

54% Jan / 7

106

Dec

114

1

Jan

22

Oct

115 Va

Feb

72 V* Jan

50

Dec

140

.

Jan
Feb
,

Va

Jan

44 % Feb

2

32% Jan2
116

Oct

75

7 26%

51% Jan

52

13

-10

7Ve Mar

.17% Jan 24

3

48% Feb

:

Oct

Dec

Dec
Mar

160

58

Nov

49% Jan-16

114% Jan 21
•

Mar

VIS/:/ Aug
109

14

•

Jan

16/

Jan

116

6

Feb

29% Feb

7%
35

56% Jan 15

4
;

Jan

i- 253/4 Aug
:

Jan

I

3

Jan

112

Jun

Feb

24
-2

Jan

•70

9

Dec

111

Vs

18 Vb Feb :' 6
Jan 15

62 Va Jan
Feb

7: 56

106% May

37

53% Jan 22

45% May

Jan

37

Jan 17

111

Jan

33 Vb Mar

760% Jan; 9

•ICBVa Jan 11

156 Va Jan

;/ 543/8

49% Feb 15

4

-

Jan

—50
No par
No par
5
—1
—1
No par
No par

Dec

25

4

Jan

Inc—-10

Dec

30 Vb

46 3/8 Jan

46

par

•

Nov

98%

23

107% Jan l9 '

Jan 31

109 %

13 Vb

Jan

Dec

41% Deo

17 Vs

110

2.50

Dec

70%

1093/4

293/4 Jan

V

112

20

36

Jan

52

2

7

21

par

100

Nov

17

Feb

120

17

—100

No

Dec

$m

7/19% Jan

30% Jan'28

3

Jan

103

55% Dec

^■2477. Apr
104 7 Sep

13

27 % Feb

■

Oct

Sep

32%

Jan

30% Jan

4

107% Feb

55

114 /

19 %(

15

Feb

':

Dec •:

27% Jan

Jan 10

53

10

23% Jan
116

.

Jan

Aug'

110

15

69

Dec
May

53 Va

8

41% Jan

2

Jan

Jan

116% Jan 30

66 Va Jan- 8

106

Feb

37

33%
195

34 Va July

62% Feb 14

4

2
1097b Jan -14
"38
Feb- 4
31% Jan 22
.

3
*.-100

No

$4 preferred series C
Montgomery Ward & Co

Mueller

Jan 29

12

14 Vb Feb 63

No par

Chemical Co

preferred

3,200
4,10C

l
——

Monarch Mach Tool

$2.50
Morrell

111

108% Jan

No par

Carpet Mills
Hosiery Co Inc

Monsanto

'Jan. 30
t Jan 10

176 Va

59

3

preferred series A

Mojud

196

Dec

Nov

;48

22% Aug

8

13

Mohawk

1,000
-

Corp.:

•Vi 343/4 Jan 30

Jan 21

7 Jan

53?

12% Jan

No

:

Mo-Kan-Texas RR

$4.50

i/v::

31

.v.v *107

*47%

7'y 9.400

7" 117

Mfg

$6.50 preferred—

5,200
' 5,300

j

42%

*115

7

32 Va Feb

Moline Power Impl

:

138

195

7

Dec

7%

-62% Jan 10

7

-

397/b

,Jan

Dec

11%

2

2

Jan

Oct.

32%

Jan

14

3

38% Jan
57% Jan

1

3%

1

Feb

Dec

525

7yi5% Nov

7% Mar

23

Feb

Nov

::•

4

46

Jan

Nov

•;

28

112

4

'

24

15

Jan

11% Feb

3

-

14

14

443/4 Jan
rVv 8

Jan-4

109% Jan

7

26 Va Jan

13

Jan

6% Jan

7%'May

Dec

110 >/a

Mar-

17

6

2

-

Dec

52

Jan

110% Feb

1

D

Minn

"

50

// 393/4
77
i353/4

series

Min

&

Dec

Highest

r

share

28%

22

Jan

157

5

—100

preferred series C

Minn

11,500

:

7/

Regulator

pfd series B

preferred

Dec

>

Year 1945

Lowest

Highest

.

2

223/4 Feb
38
v

1st preferred

conv

Dec

Nov

31

425 ft Jun

No par

1,200.

.

15%

46%
/

4%

4%

31%

:

Steel

cum

4% %

155/a

60 7;,.

50

•

~

■

18%

30

-—10

Petroleum

7

747/77

28%: t.;''..

S:S; 31

919.

18

195Va Jan

-r—9

Copper

Minn-Honeywell

113

15%'

78 Va

32

page

•

*124% 128%
7; 7/"317/ 31%

.

313/4

see

55%
.;v

463/4

•7109%; 110;;

/

28

—5

Minn St P ft SS M A vtc

107 Va

•

.

50.

49

31% Jan

3

14% Jan

.

No par

Co—

—100
Minneapolis & St Louis Ry—No par

/7;,7 41 7,"

7/

/71347';. 134

76%

109

13

Jan"

23% Jan

/

10

Co.;

Products

8%

7'

.-

/'

41

,

38 -17134

*114

:s

7

'

41%

38

:: 115

46%

48%

45%

*58

483/4

Oct

1547s Jan

—l

Mid-Continent

'

77- 50

*107

49%/:

74

3

—5

—.i—X00

Midland

•
7

15%

-

'15%

133

7"-

193/a

32% Dec

6

100
—1

25

*1073/4

•

153/4

61

'

Jan
Feb

5

93

V/-*110

7

47%

15%

15%

Miami
-•

161%

v::": 54

110%

51

19

-

15 Va

40%

10

24%

•

-

X54

Machine

Oct

28

51% Jan

89

89%

23%

89%
23%

32%

33 -•.;■

*107

161

52%

33

19

161

*58

31%

18%

18

58%

*50

f

31%
52

-i.

Mesta

Dec

66"%

87V8 Jan 21

17

>•

17;

Metropolitan Edison 3.90% pfd—100

34

160

Co—

Mfg.

Dec

37 VB

.;

Jan

50

31% Jan

72% Feb

No par

Merch & Mln Trans Co

111

17%

;;g:4(>;p

.78

283/B

111

'

110

*■).: 77%

49%

57

48%

115%

*109

y&

78

29

81

"C47%/

33

7 43%

-

130'/a
115

•

17

-15

.'38'/a

138

*114Va

77%

id

50%

*114

27

81

'
.

'

;:•!•

// 26%

33

T5%

45%
41

25 Vb Aug

%

3

.' 17% Jan

No par
No par
Melville Shoe Corp————1
Mengel Co (The)
——— 1'
5% conv 1st preferred
50

51%

56%

29%

493/4
.41'

-

,.*50%

111

16%

48

15%

44%

45%-

>49 i/t ••50%;!

lr.4t «/2
/'3d

2

32% Jan

par v

preferred series A.,
$5.50 pfd ser B w w—

757%:;; //"••. 57V4 mM

'

*110%

114

31

15%

Feb

4

$5

•'

32%

*123%

30%
;

4

72

3

-Moad.Corpi.4^*->«^«l*r>-J7o pat
r

105

56

.*47

;

*123%

30%

30%

•r.; >1043/4
.

80

46

107%

16 Ve

*108

10 Va

M'15% *15%

7

Stores

McQuay-Norris

23%:

55%

•in\

47%

16%

Jan

39% Feb

3

;115% Feb

——

preferred

33%

7*108

: ; ■•

46 %
:

7'::.-*56

22%

llO'/a

".15%

*76

77745;i/

53

,

113%

*108

14

3

Jan

par

preferred—:

co.nv.

McLellan

28%

:M06

26%'

57%

28%'

•/"'i. 22%

106

25%

80

88%

53%

110%

45% Jan

42

Jan

McKesson ft Robblns In<vi—;—18
$4 preferred ————JVo par

121

«27%

55%

23%

113%'

■

28%
*117

50% 150%

111

3 V2 %

108%

/;

i

44

160

*108

♦106

32%

90
7

Feb

19 Va

62% Jan

McCalL, Corp———*

McGraw Elec Co

15%
-

164

53%

40

28

JMcCrorjr. Stores Corp——**..1

Mclntyre Porcupine Mines

22 Va

43%

B HI

•

;

McGraw-Hill Pub Co—

*105

?

62

39

27%

67%

57%
-

Jan

Jan

No par

preferred—

51

106

*73

33%

.

89

23%

53%

33

7' 57

19%
29 V4

27% Feb

par

u.—No

preferred

$6 1st cum

673/4

7 107%

26s/b

34

14

29

190

No par, '

37%

*106

25

58% "59%

Jan

43% Jan

70 V2 Jan

—100

50

120

27%

--•31%.

22%

preferred-^.-

673/4

28%

♦110

27%

111

35

3
13

Feb

28% Jan v4

par /
—1 7

No

353/4

107%

;*106

57%

*111

?

39

•

7%

Wks

Maytag Co

.

60%

108%

28%

•

-

27%

26 VB

33 Va

£

28
116

51

*110

-

Dec

13

36%

33 Va Jan

par ;

Co^-w^

Alkali

Oct

64

1

50

*106

50%

16%'

'

107%

50 Va

HI

Dec

Nov

—.

——No
—
No

35

50

28

'

;

50%

116

43%

*110

Dec

60

—

Co—

68

*67%

68

*49%
81

M

35

35%

,

*105

57%.

843/4

Jan

Department Stores™^
5 K
$3.75 preferred-.
No par

7

-35%.: 36%
*115% 116 /

./

116

385/8

21

43

Jan

41%

May

$3

*115

62%

115%

•

a50

•

-353/i

115%

'

23%i

58%-

47%

13

—5

L)

Corp

Elec

Mathieson
,

*i09y2

—

35%

/

107%

105

51

'

60;

603/8,
V

27%

43%

(Glenn

Master

32%

15%-

67%

,

•

83

9

Feb

5 V
Market St Ry 6% prior pfd__„100 -i
Marshall Field ft Co————No par .
4%% preferred
100

17%

44

31%

:

X55%

49 Va

/

58%

Jan

66

No par

—

Maracalbo OH Exploration
Marine Midland Corp
—;

40

31%

35
'

43%

88

2

Jan

-50

Manhattan Shirt

7 »/8

*38%
*195

27%

26%

13

58

38

—

Martin-Parry Corp

50%

-

•75% Feb

Co———%

Masonlte

38

107%

:

Dec

-2

27%

34%

28%

*106

50

29 % Jan

61%

27%

*22

23%'

*106

Mar

No par
—10

•

115

118

27%

•32

7

41

59%

108 3/b

118

28%

7

18

60%*

*115

36%;

.

*107%
*28%

;;

*117

:

Feb

11

Sugar

'

14 VB

—

68

so

60

47 Va Feb

6014

109%
^S-dimmer

•

35%*

3

667a Jan

Manatl

*112

43%:

56%

11038%

68%

Jan

1087b Jan

41
27%

49%

51

r

50

'47

__100

26 Vo

■

35%
68 Va

Dec

Range Since January 1

.No

Copper
Mahoning Coal RR Co—

.

10%

'

36

♦113 Va

198

Magma

36%

'

112

40%

>>.3i-;

62%

35

!

Jan

—No per

X60'/4

*38%

■

116

.

181

•

'*•

5;

6 '6177;

61%

36

9

.

Range for Previous

—

25

•

153/4

*115

--

Jan

-

pfd series A—
Madison Square Garden-

'

K

:
t

200

4V*%

•

60

■

.

111

15%

4

STOCK

Mack Trucks Inc

42% •>*43/V
"7

10%

112

196

110

51

/

*115

*114

v;

-

15%

Oct

194 y2 Jan

.100 7

:

"

*111

101%

par
-50

0 Macy (R H) Co Inc

22%

17% '18%

/'

40

€57

3/4

Jan

Forbes.

3,500

15%" 7 15%

6%

lOVa

ft

2,100

27 «/4
7
; 575
V

27
*495

22%
; 42%'

*42%

-

17%

>;:£

32

78

.100

preferred

50%
llOi/a

'

.*3614,

-

15

22%

•

23

43 Va

*196
".:•■ 55

*110

575

14%

'

60%
40 ;•"♦>'•

56%: /

■'

15%

10 Va

/-' : • *•'*!*',
.

27%

'•>•31%

24

■M.per share

74

48%
{

26% 77 L

*490

575

6%
'■

42%

-

25%

26%

♦490

*110%

60%

;,V,

48

110%

V

26

32

<

'

45 Va

41%

*196

103 Va Jan

-10

YORK

Mac Andrews

Dec

14

EXCHANGE

—

72%

"•

NEW

300

*157

72%

*109%

223/4
■_

112

Dec

33

92% Feb

Shares

38%
'

—

48%

14%

41%
27 v

G0%

40
:

71%

7

1)0%

'mm,

60%
42%*

26 Va

'

--

7.%-;
10%'
18%'%':;

*110%

Dec

33%

•

Jan*

Dec

100

-10

Nashville.

ft

the Week

$ per share

36 V4
'

43

17%

45%

*38%
*1577

Sales for

Feb. 15

$ per share

72

*

Friday

r

47%

22%*

;io%

Nov

13%

Jan

-25

Lukens Steel Co

'

423/4

112

41 VB

w

15%

*'7 *

68

Jan

78

No par

Co.

6,200

f *109%

<

"

■

Jan

7%

STOCKS

39%

-

(P)

prices

*157

263/4

18%'

17%
45%

»iio y«

♦40

10%

51%

/

%

28

Corp——No par

7%. preferred—
Louisville Gas & El A.

27%

$ per share

71

Lorillard

Louisville

Feb. 14

.

575"

/v: 227/B

28

14% Feb > 6
*37% Jan 21

3

39

Biscuit

69 %

Thursday

363/4

15%

74 Va Jan

3

"

Feb. 13

^

Loose-Wiles

40

Wednesday

48 V4

*490

24

>.:; 42%
/// 7V»

■;

*

15%

/

*23

f.

26%

27 VB

•490

i•

i

Long Bell Lumber A

*80d
2,000

$ per share

110%

.

110% /
36%'

And high sale

72%

*109%
36%

49

*109%

;

Dec
Nov

35

Jan

Ino ————i——.--No par

6,600

Tuesday
Feb. JL2

,

72%
47%

54%
27%

Jan

101

No par

1,600

29%

27%

40%
•

*157

Jan

Jan

17%

3
15

Lima Locomotive Wks

Lone Btar Cement

195

29%

29%

7;v

.

t per share

73%

36%
20%

15

.100

1,200

,.

28

194:

195 ?:v

.29%

~-

;

Feb.*!

40

73

27%

27%

*193%

.77;

68%

»"■

low

Saturday

*157

:~yy

70-

| Feb. 0
$ per share

27%

-■

/

195

28

.

18

59 Va Jan

..29

—.u

2,500

29%

76%

15

91% Feb

No par

Loews

Dec
Dec

15

11% Jan',

Link Belt Co—-——-Wo par

22,000

70

* 58% Feb

5%
60

Feb

1/33

Preferred

:

Jun

17%

Jan
Jan

Jan

63 y4 Jan

—5

6%

2 % Mar

35%

Jan 26

59

36

Lockheed Aircraft Corp

69%

-77

28

$ 5% Jan 15

"'29

30

38

29%

17% Jan

Oct

4

34% Jan'

70%

76

Dec

9

No par

35%

-

44

14

No par

69%.

m,-

Jan

.-28

i

Lily Tulip Cup Corp

9,700

0

29 Vo

Jan"

Feb

31

Liquid Carbonic Corp

40 %

69%

;.

Lion Oil Refining Co

4b

.

29

Jan

26% Jan"

si51

1,600

4oy»

^

Dec

45 Va Jan

57% Feb' •8

•

,

43%

70

/,

-50

90O

;

7 ;•;//

17% Jan' 28

17%

7

1,400
.2,100

*42

,

Dec

72

Jan

3

30%

-

637/b

Jan

12

3

4% Jan"

64%

42 %

30

79%28%

4

Oct

47

3

49% Jan

/

V

,800

38%

f,

*193%

,

.;

380:

V- 77

preferred —
ctfs of deposit

Liggett ft Myers Tobacco
/ Series B

3,200

58

■

~50

30 '

'

63

31

.

54%

10

3

Jan

■39% Jan
*12
Jan'

63%

W

62Va

>30%

7

197%

77

*

"

."7*60

6

Jan

72

Life Savers uorp new

700

50%

^-,.1

Feb.

79

3

Jan

,15

—

800

91%
93%

197%

— mm

34%

92 %

92

Dec

5

66

Libbey Owens Ford Glass—No par
7
Llbby McNeill ft Libby.

18,700

91%

v//i—.

Deo

39%

48% Feb"

61% Jan'

Lehman Corp (The)—*
.—1
Lehn & Fink Prod Corp
.—5
Lerner Stores Corp (new)—No par

•

4,900

14 4.

*33%

34%
92

x92

/

199

*57
'

34%

conv
Preferred

8,400

13%

.

.

s| 6%

300

27%

14 VB

x92

94%

199

-

; 13%

•

)

*34%

■

48 Va

Sep

4

Jan

-50

—„

12,200

33%/34%
,67
68%

27%

Jan

24%

59

37

Lehigh Coal ft Navigation Co— -10
-26
Lehigh Portland Cement
-50
Lehigh Valley RR—
Lehigh Valley Coal
No par

17,9,00

57 %

57

Dec

73/4

Apr

31 Va

6

7

—5

;

4%

14

43V* Jan"

No par
—No par

-

14%
5%

5%

57

56%

-

/ / '*■'

6% Jan' "2

:

CThej—

Bryant4%% Preferred

11,600

441/2 -.44i/2

Co

Lambert

■-,< 80

71

V.

.—4

Lee Rubber ft Tire

*75
■

•. ^_-

Col—

Light

*44%

TT,

-

;

Gas

2,000

*

i

Laclede

53%

'

153/4

58

53%

'V

*

8%> 8%
53%

77

*68%

-v/i-

"l»

;.

,

'

'

f 56

/.•■.

45%

14%

5%

57%
.

443/4

44%'

;•//14%

:

53

*72

•

:V

'

52 3/4

46

*74

8 3/b

.

99

Mar

.Inn

43

Dec

Monday, February 18, 1946

CHRONICLE

THE COMMERCIAL & FINANCIAL

NEW YORK STOCK RECORD
LOW
'

Monday

Saturday

151-';?

Ill

'150
*111

112

21

55,,

54ft-

*61,

$ per

in ft
.

...

in ft

.

54

—

,

112

160

'

.i

21ft

21

21ft

54 ft

55ft,. 55ft
64
64 *

1,700
300

&

\

24ft

v

Jan

3

Jatt

Nash-Kelvinator

24%

Chatt

Nashville

>

26%

27

"•/

■

31ft

31ft

Acme

32

National

Airlines

18 ft

19%

National

19 ft

Nat Automotive

27%

National

31 %

National Battery Co___

33 ft

National

30%

19 ft

37 ft

31
30

ft

27%

32ft
*28

33

ft

*199
.

21%

National Can Corp—

42%

Nat Cash

".

27 ft

27ft

41ft

42

65

28%

28%

:

107ft

107y8

35 ft

35 ft
,107ft

ft

*195

*105%

35%

36ft

36ft

*195 ft

197 ft

*167ft

167

*160

62

28%

107

107

196
*

169

6%

*

12 ft
74ft'
-

37ft
198

167 ft

.

'

'

169

m

'

10%
89ft
ft

11

33ft
.

26ft

27V8

19%

20%

Nat Vulcanized

14

14ft I 14ft

31

31ft

'

ft

27ft

27ft

19ft

20

.

14ft

14ft.

V 32
• 32 ft
->58ft, 59 |

i 22%

21%

30ft

30%

30%

104

104 A

104

;

103% 104

'33%

21ft

22ft

31%

22

89 ft

88 ft

>33

31ft

,

56 ft

56 ft

57

*106 ft

38

36

1

*108ft

111

*108ft

111

*110 ft

112ft

*110 ft

112ft

.45%

46ft

•

46

46%

31

32 ft

28 ft

28

32ft
29 ft

-

30ft
X27%

2

Dec

-ft

Nov

ft,

32 ft

Dec

;!

2
3

38

Jan

29

199

Jan

170

Jan

2
19

Jan

8

22ft Feb
30% Jan

3

54 ft Jan

24
177

12ft Jan 24

4

91 ft Feb

5

34ft Jan

2
18

20ft Jan

25

3

24

26ft Jan

19

Feb

32% Jan

13

106 ft Feb

5

55

Jan

4

108

Jan

10

17,
4

30ft Feb 13
24% Jan-

Jan 14
Jan 29
40ft Jan 17
109ft Jan
8

4

108
/

111ft Jan 30
49% Feb
8

,

36ft Jan" 9
-29% Feb
6

Dec

167

;j

Dec

199ft

Sep
Sep

; ;
*

10% Jan
15ft Mar
30
Jan
103
Feb
35
Dec
106
Oct
105ft Jan
32
Aug

18% Jan'
xl6ft Aug

■•;

;

65 ft

31ft

New

-

*280

345

110%

*110

110ft

26%

*50ft

*50'A V 51%
274

I 277

S

123

123

31%.

15%

51%

50'/4

50'A

50ft i 51

271;

268ft

i23ft

,31%

32%

32

32 ft

15%

15ft

124

*112%

113%

32%

114

32%

33

!U3%

t

*113%

51'A

*

16 ft

17 W

57ft

51-

57'/a

19%

'

•

19%'

'"■119%

•

LOW AND

-

$

Feb. b

Feb. 11

,

HIGH

T»esd»y
j

$ per share

pet share

:

18%

19%

Feb. 12

$ per

share

-

52'/a
51ft

18

Norwalk Tire & Rubber.

xl6%

32 ft

*57

57ft

*113

17

57 ft

18%

19

-

-

:'.17ft
*57,'
19

19

;<

33'%
113ft

57

;

ft

Preferred

•

$ per share

21%
31%

i 118% 118%
16%

*119
29%

37ft
•171ft
*31%.

-16 ft

30

22ft

Ohio Oil Co

32

16ft

preferred
Oppenheim Collins
8 % conv

'

fe

6%

3

1st

2nd

6%

Teleg————100
—
100

preferred

1
Corp——10

Pacific

Oil

Western

12 ft

Packard

24%

24%

Pan

18 %

,18%

No var

Car

Motor

Corp—_2'%
Transp—;
-8

American Airways

Pan-Amer

Petrol

Panhandle

East

4%

&

Pipe Line—No par

100

preferred

Paraffine

Park

100

preferred.

1
& Tilford Inc
—1
Utah Consolidated Mines—^.1

Paramount
Park

..No par

Inc

Cos

conv

Parke

Inc

Pictures

—-—No par
—2.50
Transportation—No par

Davis &

Co

38'%

39

32
.

—1

& Ref

Panhartdle Prod.

4%

32%

Parker Rust Proof Co.;

17%

Parmelee

17%

,

s

23%" 24ft
*72

73

H

55%

56%

41ft

42%

Patino Mines &
Penick

&

Penney

Penn-Central
Coal

15%

15%

Penn

29%

Penn-D:xie

*30%

31ft

Penn

112ft

112'%

Enterprises...

&

Co new
Airlines
Coke

Cement

Glass Sand
orefprred._:

..—No par
Corp
1

Corp

Co

Corp
...

•

—

new—...—7
No par
100
Co——No par
.

24%

25

Penn

46%

46%

Pennsylvania

43'%

43ft f

Pennsylvania Salt Mfg Co

Power

&

Light

—10

No par

Ford—w—

(J C)

29

5%

Jan *23 '

-

112
23

Jan 19
Jan

RR__

...

50
-.10

Previous
1945

Highest

■

$ per share

I per share

•

9

9

34ft Jan 15 :

xiioft Jan: 14:

Jan

7

Jan

2

Jan

21

2

1

2

17% Jan 18
120

;

Feb II

32 ft Jan

10 '
39 ft Feb
2
173
Jan 23

Jan
Jan

2

34

Jan

Jan

30

97

Feb 15

75

Co..—

27

46

Highest

28

Inc——•
Co—-—--—-10
preferred non-cum——No par

Pacific Telep &

:i

113

Lowest

91

Glass

fear

1^ <

$ per share

35 ft Jan

Pacific Tin Consol'd Corp




3

18ft Jan,

166

10%

sei

7

56 ft Jan

Jan

7

89

Jan 30

—

Mfg

Marine &

preferred non-cum—No par
Gas & Electric—..—
25
Pacific Lighting Corp...
No par
Pacific Mills
No .par

177

footnotes

7

115

Co

12;

For

7

Feb

J15 ft Jan 22

—.7

preferred

Outboard

34%

150

44'2

•

28

Otis Elevator..

38 ft
173

79ft

•110ft

•

13ft Jan

.16

,

Pacific

.

49

21

Omnibus Corp (The)———.

16ft
120 Va

v

V

Feb

45

;

30ft Feb

convertible preferred.

4ft %

118%; 118%

S

*26 ft

.30% Feb 13
112% Jan 28

111ft Jan 15

1

——

Pacific : Coast

10'/a

;

Range for

Pacific Amer Fisheries

♦176ft

3

Lowest

Oliver Corp.

Owens-Illinois

*149

2
3

Jan

Range Sinee January

4.40% pfd—.

Ohid Edison Co

21ft

Outlet

*78'

29 ft Jan

13ft Jan
111

$ per share

31ft

;

*119

120

11

STOCK

iORK

Shares

$ per share

*109ft*111 ft

21%

3

Jaii

EXCHANGE

the Week

Feb. 15

Feb. 14

Feb. 13

$ pet share

31

—

9

Jan

121

stocks:.
NEW

Sale* for

t'

.&>■■■%■*

*109ft 112

—50
2.50

—

...

14
2

246

No par

Norwich Pharmacal Co.—

19'A

SALE PRICES
'W-

—*

51%

T 15%:
16 ft
*112% 113ft

32%

17 ft

16ft
*57

•

48 ft

North American Co

34

48ft Jan

100
10

pfd

non-cum

50 ft

114

50

32 ft

Adjust 4%

»

50 ft

*113

,

124

50%

15ft
113 ft

50ft

272

xl07ft Jan
19% Jan

North American Aviation
1
Northern Central Ry Co——.60
Northern Pacific Ry————100
Northern States Pow $5 pfd.No par
Northwest Airlines —wis.—No par
Northwestern Telegraph
50

15 ft

46 ft

4

50

Monday

Saturday

31%
113ft

46

46 ft

17ft

*17

;

ii

50'%

:

50%

113

30%
113ft

32%

45%

46% : 46%

50%
<37

*112%

113%
114

•

32 ft

31%
'

*112%

124

*112%
31%

15% 4 15%

267ft
124

269

267

270ft

123ft

v

26ft

26ft

124

:

32%

15%

.

100

preferred aeries A.
100
N Y City Omnibus Corp
No par
New York Dock—No par
$5 non-cum preferred
No par
N Y.tt Harlem R» Co
: —80
N Y Power & Light 3.90% pfd—100
•N y Shipbiag Corp part 'stk—j.1
Noblitt-Sparks Industries.
.'
8
Norfolk & Western Ry
100
6%

.

ri

110

26

♦123

:

110

345

25 Va

X268

-

*

62
,

26

25ft

-

253'8

*285

345

*110

.110%

*110

25

*58%

-62

*295

!345

36 ft

25

27 ft

62
*295

36 ft

36

36

127

*124

124ft

*25 ft

par

Central

York

N Y Chic & St. Louis Co

50

50

122ft

Brake——No pat

New York Air

66

30ft

25

13ft

Jan

22 ft

11'%

Jan

23'A Nov

24

42

Jan

34%

Jan
Jan

:'38ftMar'
121%

160'%

;i

Dec
Dec

175

•

$ Jun

10

Jan

Aug

32% Dec

•

16% Mar

29

13%

Jan.

20

29 ft

Apr

Dec

12

Oct

Dec
Dec

Oct

111

iii

14ft, Dec
xSO'/a

Jan

106%

K

X39% NOV

,

Sep

4% Mar
56

Oct

75 ft

Jan

106'A

Dec

Nov

149%

Jan

16 fty Jatt
& 5%

Nov
i

46

X60%

Mar

6

Dec

89'%

; 45 ft Mar

48

110

<

Pec

mJuly

57 ft

27ft Mar.;

Dec

32ft

Jan

..33.% ;Dec

2%

Jan

4V 5ft:iDec

29 ft

Feb

,
v

2V/e' Jan
6%,Mar
xl8

59

-

Oct

Jan

i

Nov

37 ft

Jan

...

30 ft

•

Jun

10% Jan

64

32

110ft Jan
43
Jan

2
8

20ft Feb 11
15
Feb
2

3

•

26 ft, Dec

108

65

Jan 29

106
Jan
28% Feb

18ft Jan 25
13%'Jan 21
26ft Jan

Jan

32

3

29% Jan
101ft Jan

54 ft Nov

,

>

7ft Jan
Apr
22% Aug
15
Jan
26ft July
102 ft Nov

15

31ft Jan

Dec

16ft Jan
21
Jan
33
Jan

11

Jan

68

i,

3

Jan

81

Jan

152

25ft Jan 25
41% Feb
4

13

}10ft Jan

.

37

108ft Jan 24

,

12% Marilril
76

13
Jan
xlOlft Aug

'Jan 28

30

,

-1

Nov

i

4 40% Dec

35% Jan

14

32% Jan

■

„

67ft Jan 29

,

3

165

Co—...—No pat
——.^.o pat
Neisher Bros Inc—..J——1
.ft., 4ft % conv serial preferred-.-100
-Newberry Co (J J) New....No par
ft" 3 ft %
preferred—
———100
New Jersey Pr & Lt Co 49b pfd.100,
Newmont Mining Corp——..—10
Newport Industries
—1
> Newport News Ship & Dry Dock___l

4.V 37%

84% Jan

9

195 ft Jan 12

Nehi Corp—....

108

37

Jan-

106ft Jan

-—tl

Fibre Co

Feb

48

•24ft Jan

Natomas

.

31 %

106ft

55

106ft

>107%

23 V
30ft

s; 104 ft

30%

,

*106

65

No par
No par

13%

89ft
33ft

'

20 ft

41ft

12% Mar

Jan
24ft Jan
20ft July ft
; lift May

Jan 28

_^4Tft>Feb 15
2
* 12 & Jan 22

lift Jan

National Oil Products

10%

.

,

7

19%

10%

14

37ft Jan

& St'l Cast Co

Nat Mali

37

57

»

:

19% Dec

26 ft

57

Dec

38

19 ft

59 ft

30ft Jan

Dec

30

> 13ft Jan
31ft Apr

5

45 ft Jan 29

4.

Dec

195

21ft Jan 16 ,13

X26%

37

59ft

-21% Feb

2
13

x34ft

Jan 31ft /181ft Oct
Jan 29
20ft Jan

43

No par
-Co—.——.—4
National Power & Lt
—No par
National Steel Corp
.25
National Sugar Ref Cor—-No par
National Supply (The) Pa—10
$2 conv preferred—....
.>...40
4ftft preferred
—-<—.100
National Tea* Co.....———..10

36 »A

36ft

31

2

Corp.—.—1

National Linen Service

22%

22 ft

23 ft

*22%

201

5

4

—100
...—.....100

preferred A
6% preferred B—

2

Jan

Jan

No par
No par
10

i,

7%

Jan

.

13%

15

34% Jan

$4.50 conv
National Lead Co—

v

23'A Mar

37 ft Jan

Co————.—I
preferred.;
..No par

%

66 ft Nov

17ft Jan

Nat Enam & Stamping

107ft

Dec

Deo

52

,

—

34% Jan

4

{17ft Jan;

National Gypsum

;

33ft Jan 30

Jan

28

Nat Distillers Products.

29%

2

115 •.
21ft

v

-1

Products.

preferred—

13

28ft Jan 29

26% Feb

National Dept Stores

62 1

62
29 ft

*61 ft

•

15

20% .fan
16 ft Mar
9'ft Mar

3

193

Oylinder G »s Co

Nat Dairy

47 4

72

65

28

42

,

*12^

69

*62

•

45%

12 ft

*12iV

ft National

Jan

5

31

Container.;...;..:J...

National

19 ft

X41 ft

'45ft 546%

•

■28 ft

-

19 ft

19%

15ft

35% Jan

39
Feb
34% Jan

29% Jan 15

10
No par

Register

Jan

21

100

Corp

& Share

ft Nov

53

Feb

,

Jun

Jan

25

No par

1

preferred

Bond

Nat

20 ft

44 ft

19%

7 %

.

29

ft 42 ft

20 ft

43%

205 '

48

52 ft, Jan 16 ft

3

3

.

15
15

25% Jan 15

.

150 v Deo
Jan

Jan

16ft Jan

1

5
...—4
-—10

Corp

Co.

Biscuit

32% Jan
28% Feb

13

22

13 ' >

•46ft Feb

—•.*.—..*1

—

fibres Inc

Aviation

29

30

20 ft

•ft 27ft

*

33

205

*199

.

31%

'

22% Jan

Corp.*.—9
& St. Louis..^l00
Co..-—..-.....---I

37

109 ft

$ per share

■.

ft' Feb

2
30

55 ft Feb

3

Jan

64

2

18% Jan

x82

114 y4 Jan

18

iV;47ft,:;47ft:

$ per share

per share

20ft Jan

50

61

109 ft Feb

Highest

Lowest

•

161ft Feb 15

10

142

Myera iF E) & BroJiii-k,

;

6,900

54 ft

Jan

(G C)
4ft % preferred
Murray Corp of America.
4ft preferred
—.
Murphy Co

900
60'

112

20 ft

$

Year 1945

y

Highest

:

$ per share

63

.

Lowest

Shares

161ft

\

112

■

Range Since January 1

STOCK

YORK

EXCHANGE

the Week

:

$ per share

155

<■111%

20%
54ft

20ft

__

Feb. 15

share

Xl54ft

154

.

21ft
54 ft

20%
54 ft

20%
1

$ per share
154

150

111

*148

$ per share

share

I per

$ per share

■.

NEW

Sales for

Friday

\.v:. Thursday
Feb. 14

Wednesday
Feb. 13

Range for Previous

STOCKS

HIGH SALE PRICES

Feb. 12

Feb. 11

Feb. 0

AND

Tuesday

.

;

39%),Nov
r30iin;Dec
17%. >Dec
24'A Mar
72

May

Volume

163

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4465

>

NEW YORK STOCK
LOW AND
Feb. 0

Feb. 12
$ per

$ per share

46

■

.

SALE

Tuesday

Feb. 11

:

$ per share
46

HIGH

Monday

Saturday

*46

Feb. 14

47

48

91%

90

40

40

38%
35%

36%
'29%

37

30%

30%

V 30

30%

29

> 116%

*115

116%

115

*93

94 Va

*40 %

42

'r;

14

42

G

11%

14

41

14%
39%
39

113

113

29%

30%

29%

29%

30

29%

*119%

120 %

17%

*107%

108%

107 Va

*31 Ma

33%

*125

V

53%

*37

39

33%
*109

*i25
104

104 Ms

:

135

f

>

15 Ma

103 Va

22%

22%

22%

;> 28%

28%

8 28%

;

;*i95

*205

43%

*115

13

>

13%

21 v4

21%

*120

,

130

90

90

*29

30

130

39%

7,700

40

*39

135

*125

,

34

14%
*103%

G

^

'

28 Va

>

83

207

*89

91

.

i

V

29%

29%

;

25%

26 »

G; 25 ">

.

42%

43%
13% G

43%

44%

13,003

13%

13%

13,600

iriitft

20%

21

21%

22

140

*110

85

*110

,

86

%

30

-

23

y

29%

V,:'

30

;

.29%

29%

•

;,

22%

35

,'.v

35%

26 M4

26

28%

27%

28 Vi,

61%

*60V2

23%

28%

27%

67%

67 Vb

67

..

37%
261/«

■> 37

109

109%

109

120 y«

120%

120%

120%

134 Mi

136

133

134%

148%

149

26

v

149 > 149

114%

Va

,

.

26

i

66 Va

22%

65 Vb

67

i

21%

22%

37

*111

112

37

>

> 36%

,

/'G
;i

>; 65%

$ per

S per

share

share<

Xl32%

..

^

4

26

14

Jan

3

16% Feb

6

9V« Jan

35 V4 Jan

5

41% Jan

10

19% Aug

42% Feb

22

31

Jan

118% Jan

-.—.5

Feb

49

100

Feb

125

Jan

10

Feb

51%

Hosier

40 %

Dec

Jan

"71%

Dec

Jan

115

Oct

29% Nov

30

25

Jan

29%. Nov

117

Aug

14

5

■

122

12% Aug
31% Mar

Jan

28
28

107%
14%

Jan

36

56 y8 July

127% Jan 29
59-

Jan

41

111

15

Nov

Dec

74

Sep
Apr

113

34%

Mar

44%

Apr

19%

44%

Sep

8

13

No par

Jan

Jan

11

.,«___100

25

17

71

7

31

Dec

57

109% Jan

15

105% Feb

No par

Nov

38 %

Jan

Jan

47

Dec

15%
.

21 Va

19 Va Feb

13

Mar

13

30

Feb

121

21

Feb

40

Dec

108

,

Jan

106%

117 % Jan. 18

10

17% Jan

3

8

6

76% Jan

36Va Jan 21

>,_1

41%

Apr

105% Nov

Dec

«124

Jan

Dec

59%

Dec

Jan

11

11

Jan

35

Dec

35% Jan

15

25

Jan

37%

Nov

Feb

7

105

Sep
118% Aug

108 Va

2

15% Feb

8

8V« Mar

11%

102% Jan 25

105% Jan

23

85 Va

25% Jan

31% Jan

2

32% Jan

3

106% Jan

12

10V4Jan

:

par

,110

&

Feb

126

Jan

Sep
Dec

106

Dec

28

20% Dec

Feb

8

15% Jan

25%

Deo

Jan

28

Jan

205%

July

Dec

44 %

Dec

Jan

12%

Dec

Jan

15%

Dec

21% Jan

7

23 % Jan

3

: 30

Jan

206

42% Feb

14
13

10% Jan

7

14

Jan

30

6Va

14 V2 Jan

3

22

Feb

15

8V»

130

'

23% Nov

Plate

Glass

Co______

203'

10

Screw & Bolt^

par

1st

ser

conv

■

123

48% Jan 15

39%

Jan

7

Jan

11

99

117%

Oct

65% Jan

3

86% Feb

15

49 Va Mar

69%

83% Jan

a

>91% Jan

30

68

Feb

91

Jun
Jun

21

Jan

198

pfd—_100

pr

190

Jun

198.

Jun

Jan

22

Dec

v

Mar1

.

18

28% Jan

28

Plough Inc__———7%
Plymouth OU Co_
—.—..a

26% Jan

30% Jan

29

12%
27%

Dec

30%

Dec

22% Feb

25% Jan

10

17% Jan

27%

Dec

Pond

Creek

32% Jan

38% Feb

15

24 %

Jan

33 Vb

Dec

Poor

& Co class B

27V4Feb

Jan

25%

Dec

29 V4 Feb

7
5

12%

Pressed Steel Car Co Inc.—.

16%

Jan

26%

Dec

63

Feb

6

70

Jan

17

900
*

26%

•

28 Va

>

62

»>

66

"

>117%

>G»:
'y

65% >/

22%

22%

G;

111%

111%

/

400

'

37

*36%

600

21

64% Jan

5

v

_>

8%

Pub Ser El & Gas

13

G 5% conv. preferred—
Purity Bakeries Corp—..,

17

Jan

39% Feb

4

29 V2 Jan

28

115% Jan

10

102%

Feb

115%

Feb

7

126

2

106%

Jan

126

Dec

Jan

3

136% Jan 18

110

Jan

138

Nov

7

150

60% Jan

32% Jan

15

112%

Oct

15

47%

Jan

17

Jan

106

May

2

—100

109

No par

:

>

3

23% Jan 10
Jan

29

38% Feb

4

113

V; 23%

EXCHANGE'

Range Since January 1
Lowest
Highest

/

$ per

Par

Shares

$ per share

Nov
Dec

Xl48% Nov
118 -Jan
65%

Oct

24%

Deo

112% Nov

Jan

35

Nov

Range for Previous

NEW YORK STOCK

the Week

27%

121% Jan

69% Jan

30

17

14

Jan

Jan

117% Feb

114% Jan 23
21"% Feb

Jan

:>■>>:■>:.'> STOCKS v.'
Feb. 15

66% Nov

9

No nar

—

Mar

3
,

No par

(Thel-

55

Jun

143% Jan

pfd $5—No par

Pullman Inc—

Feb

"23 Ye Jan

—

P«'*e Oil

■

43%

'

preferred
100
pref erred^. --i——.~»-100 •
preferred
100

share ; G

Year 1945
Lowest

Highest

$ per share

$ per share

S per share'

Q

»

K

Jan

132

Sales for

Friday

;

$ per share
V

Jan

60

120

17.800
.

Jan

24

Feb

8,300

.

22

.1

36

6%

9

__50

scr

109

90

117%

65 %

preferred

No par
.—No par

>uc derv Corp of N J™.
No par
V : $5 preferred—>—»—_..-No par

410

■'

Pocahontas..;

Feb

No pat
Public Service Co of Colorado
20

570

>'/-•;

iThe)

Procter & Gamble...

" 5.100

.

-

4Va r/o

900

.

K\:[

Feb.l*

,

St

34% Jan

18% Jan

;

>> 136%
147% 148

Thursday

-

,

29%

i

2400

135

»:
111% 111%
36%:: > 36%
36%

Feb. 13
$ per share

,

133 Va.
147 ■£*

Xl46>/4

Wednesday

1

'

27%
111%
122 .>

23

23

22%

22%

17%

18

17%

17%

17%

..17%

88%

22%

22%

<

13

4

Ptttston Co.

36% : 36%/
3,300
> 27.%
>26,100
28% ;
110% 111 Vt
>•
1,120
79Q
121% 122%
: >

37 Va

26%

111

Feb. 12
% per share

'

> 28 Va

65%

xl21%

;;

Tuesday

;V.Feb, 11,:;;.:::;:

Feb. 0

8

Feb

12% Feb

107

13

1,900

..

38%

25%

25%-

*61

LOW AND HIGH SALE PRICES G

'/Monday-,

Saturday
,

41% Feb

21

Feb

Pittsburgh & West Va
J.100
Pitts Young & Ash pfd_-——100

___

3.000
500

23%

■

61%

*115% 117 G>;:
65%
::: 65.
65% >
22 >>
21%
22% G

36%

>.

>

27% V

G,;

/

30

38%

115%:

64%
21%

::: 111

112 36%

,

37

>,

xl 10

115%

>

112

23

36%
:

149

>

22%

-

30

.

61%

37

148%
:

Jan

3

v5%%

:

600

:

25%

65%

lift

120 V4 122
133%: 135

y

Jun

6,500

31

27%
;

"26%

-

109%

115'A

115/

114%

65%

G

■> 37%
26%

26%

100

."'G.^^GG >>>•">;.' >:.//>: ■'

,

25

23

,,/X25G>'

67 Va

36

109%

37 Ma

•198

.'

25

29%

37

.

61

65%

■

1,870

91

>•;

23

>

27%

60%

.

-

86%,

29%

.

25

27

62

116%

■

Pittsburgh Steel Co_
.No par :
7% preferred class B___
100
/;= 5%
preferred class A„..__w«._100

9,300

140

30

29%

*198 G'

35%

26 ."

V

29%

.

*24%

22%

34%

G

35

23

*60%
67

29%.

*87

89%:.

Jan

'

24%

22%

23 Ma

> *34.%

24%

*87

>,

,

25%

83%

G:

Y,<89%-89%>'
*29
>30 ;-v"V
,*198 ,U''

:*i98>>sLi>>
••

84 V4

63

10% Jan

Forgings Co.
i
Wayne & Chic Ry—10Q
preferred. —
100

Pitts

12%

140

18

27% Jan

Coke

7 %

13 Va
21%

82%

.

Jan

97

Pitts Ft

*

.81%

4

c'iic&burKu

43%

;

20

Nov

38

8,600

23%
30'

*205

207

Jun

119%

107'

1,700

230

*195

*205

43%

Jan

88 Va Jan

Chemical Co—No par;
45 conv preferred—
.No par
Pitts Consolidation Coal Co—-1

.

29%

/

July
19% Jan
92%

No par

preferred

Pitts

3,700

105

22%

23%

22%
28

*195

17

30

Pitts G C & St Louis RR—i-GilOO

15%

105

105

$4

Nov

38%

36% Jan
117% Jan

.

30% Jan

preferred™..^-*

Nov

3

4

com__

21

Dec

.

14

Jan

Pucenix

70

4

46

26 Va Jan

28

Pillsbury Mills Inc

,80 J

135

14%

14%

"

43%

par

No

Phillips Petroieum_-«..^

200

*125

>G34G>

96% Nov

Jan'

1

Corp__

1%

52%

>52

Jan

14%

7

;•

200

69

Feb

Pnilip Morris & Co Ltd—
4% preferred
Phillips Joues Corp-i....^

3.903

G;

31%

15

preferred.:"„. ^..'00

Philco

98,000

109

*125

52%

39%

.

15

*120

83

108%
*30

109%

12%

.

5

140

82

140

;

51%

49

51%
108%

30%: Jan

Jan

51% Jan 25
40% Jan 11

Jan

preference

4.4%

6,300

15

96

12

71

No

Phila & Read Coal & Iron^;

19,200

34 '>
33%
*109 > 110 V

,

.42%

...

18%
42

■

13%

21%

-

44

43

44%

13%
21V4

20

18
41 Va

48% Feb

7

Jan

112

preferrcd_^«^.__;
Philo Electric. Co. com
$1

2

Feb

par

$6

•

2,700

124

17%

41%

51%

:>>>>>>>

*205

207 r->

•

*121

121

31

22%
v28%,

28

5*195

,

29 %

*30

>

105

22%

29J/4
•

29%

50

Jan

34% Jan

4%% 2nd preferred___„._».._100

11,200

*108 V4

.

*103%

23 %

*195

29%

'

tper share

111% Jan

Phelps-Dodge' .Corp_._>_._i._ ^^._25
Philadelphia Co 6^ preferred.—50

700

:

.

135

14%

.-

29

*125

34

*125

15%

103 %

:

14%

28%

49%

40

21,200

42%
74 •:

108

>»

:

Highest

$ per share

36

Pet Milk; Co..;........... ..No par
;

$ per share

share

Lowest

90

prelerred——»^100
'

.

43

Peu oleum Corp ^ American. ——-8
2,100 Pfeiffer Brewing
„No par
r*uzer icnas ) e& Co AiiC———
6,400

113%

29 Va

$ per

Par..

■''■.

2,600

109V4 >

:> 108%

-

,

73 Va

113%

74

17%

52% >

.33%

110

*125

135

•

15

.
'

34

34
*109 V»

41%

41%

113%

40 y4

130

51%
*37%

G-

52%

39% v;39%

33%
110

.

*125

130

52 Vi

31

40%

121
-

109
.

39 Va

29%

53

107%

14%

40 %'

28%

17%

*30

14%

39%:

*112

40%

10

12%
14 Va

40%

300

<•.

,

1

14 Va
,

124

51%

;

>

31

*125

130

53

>

53%
108

42

29'/a

17%

41 %

.700

109

12

%:?■. GG 73%

40

-

17%

40%
52%
31

,

*120

18%
41%
53%

M*

*40

*107

12

'v

112%
29%

29 %:

:

124

*120

41%
52%

17

74

29

30 Va
29%

40

40%

> 112%

96

109

14%

G> 73
V4

95

Year 1915

Range Since January 1 '
Lowest
Highest

•

Pere Marquette Ry Co__».»^._.lOQ'
5% prior preferred
„^-..___100

500

"

i-vyvGy

■

Peoples Drug Stores
Peoples.G L & Coke (Chic).
100
& Eastern Ry Co„—
100
Pepsi-Cola Co
___33%c

.2,100

;•
,

Range for Previous

STOCK

Peoria

23,300

32
116

40

39 %

300

37%

31%

93%

*11%

11%

vi 39%.'

41

113

75

•

•

800

116

.

>

3,100

:

*107

V

%

y 39

,

y

40

36%

30

116

91 Va

.

»

11%
14%

39%

41%

73M4
*113

40
107

93

40

36%

36%

V

15

39%

•

39

40

.93

92%
40

*114%

•

92%

107

:

~~

"
42 '

107

V

48%

YORK

»> G ■>.■= EXCHANGE;

Shares

:

48%

49%

30

115

>92

9J

*106%

11%

"

93
*40 Va "

*106% 107

11%*

'37%

36%

NEW

the Week

$ per share

38%

39%

>92

Sales for

>

Feb. 15

91%

91

3b %

>

*47%

43

*115

Friday

I per share

47

•••

91 Va

91
tt40

STOCKS

Thursday

$ per share >

share

RECORD

PRICES

Wednesday
Feb.13

>

917

89

% 88%

88%

89
19%

:

22%

22%

21% Jan

Quaker State Oil Ref Oorp^

3,000

23% Feb

10

6

> 15% Jan

22%

Dec

R
17% 318 Vb

87%
:

87%

20%

:

•20 Va
113

,112%
48%

48%
26%

■

;

32%

.

,

46%

■

\

.

47 '

•43 Vb

26%

*112

27

38%

H *31 m

32%

3,100

52

31%

*50:

*117

123

*29

•118 % 123
30

55

56

38%

38%

r

107.:.

103 %

38%

37%

19%

23%
108%

*108

37%
120

: 120

44

29

19%

19%

20%

U 113%:

107 '

*

118%:

118

25%

39%

*43%

25,500

M

106%

38%

43%

119%

25%

: 3,800
350

27

39%

40VB

*43%

44

30

38%

44%

„

2,700
13,000

— — III! mi ■"

Reo

Motors.

MM

i

■

33% Feb

4

,19% Jan

Jan

18

8

46% Jan

9

3

28% Jan

14

> 11% Jan
102% Oct

-

52

113

Jan

15

125% Jan

17

27% Jan

7

31% Feb

4

17

40% Jan
33 % Jan

2

Feb

1

22%

22

39% Feb

7

> 22%

101% Jan

2

-10

h

>1

;G

...

1

26

,

Jan

15% Jan

:

2
7

/

60

105

Republic Steel Corp-G..>....No paf :
> 6
% conv prior pfd ser A *» #»«*>«* MM 100
Revere Copper & Brass
No par
G SV4% preferred——..100

-—No pat
5%% conv preferred——100
Reynolds Spring
1
Reynolds (R J) Tob class B
10
Reynolds Metals Co

3.60%

series

27

25%

25%

25%

26

16%
29%

16%
29%

16%

16%

*29%

26%

27

26

1$
30%

16%

16%

30

30

11%
26%

12%

11%

12%.

27%

26%

26%

>48%

49%

48%

27%

26 %

30%
12%

12%

>;

26%

49 G
27%

49

27%

v% 27

62%

62%
27%

> 62%
:•/: 267/<f

:

iZ

> 26%

3,900

16%

11,600

30%

400

13%

12,600

'

'

-

12%

48 %

>27%

49

48%

> 12%

28.

11%

*26%

>49/--:
,49
> 27% '28%

■

■

26%

16%
*29%

30

31% Jan 15
>21% Feb 15

X26%

27

27%

28

2,800

Roan

Royal

Typewriter..

;

,

110% Jan

45% Jan

15

Jan

8

136

47

Ruberold

Co

Jacob...

2,800

8t Josepb Lead—
_10
Safeway Stores..—
......—5
> 5% preferred———...^100;

—No pa*, G

(The)—

.——5

102%

Dec

Dec

G 137

Jun

143

Dec

,31%

Dec

44%

Dec

-36%

Dec

;/

•

> 102% Aug

Jan

29

28

Nov

Oct
Nov

Jan

>>•37 >

Deo

98

;

110

15%

G

Jan

117%

Dec

14% Jan
31%

Jan

29

37% Mar

8

Feb

4

> 99% Sep
G 16% Mar
G 10% Jan
16%

32% Jan 14
13% Feb
5
29% Jan
4

.

115
> 24%

Jan

Feb

>17% Jan ,9

Dec

33% Dec

Jan

Jan
'

I)ec

18%

87%

42% Jan 14
107

Ruppert,

700

Dec

>46%

•>' 7% Aug

16

> 27% Feb

2

3,500

15 V4

3

14

3
23% Jan
15% Jan 24
27% Jan 3
3
10% Jan
9
26% Feb
2
44
Jan
26% Feb 13

99% Jan

Jun

> 28%

•

Jan.
Jan

Nov

29 V4 Mar
50%

> 11% Jan

43% Feb

1......—1

25

;

V'19% Jan

104% Jan

Mfg Co.
—1
No par
Company
—No par /:
Antelope Copper Mines
—

43% Dec

Jan

6

40% Feb

—100

Richfield Oil Corp
Ritter

•

113% Jan 29
26% Jan 15

:

Rheem

'*

8

,

10

Common

Preferred

29% Jan 2:
110% Jan ; 4
21Va Jan 3
107 % Jan 11
;; 31% Jan
7
,113% Jan 2
3
20% Jan
2
37% Jan

Feb

69% July

:

Dec

38Va

/ 43., Mar
36% Jan

2

4

•

180

>
/

112% Feb

.„1

Inc.—

Republic Aviation Corp—

700

/

106% 106%

106%

-

8,300

110

119

39%

39,700

.

m

24%

38

25

106

40

113

*109

119%

39V4

.

,

Aug

>34% Jan

3

Dec

> 111

Mar

1

4

Oct

•18%

16

Feb

38 % Feb

4

No par

90 Vb

.

33

6

28

3

106% Jan

Preferred with warrants^..—. -25

2,000

21%

——.

200

'

49 % Feb

July

'

3

'

26%
'V

,29%

23 y4

37%

25

40%
44%

106%

;

*106% 107

■

118%

25 >

& 24%

40 %

16

G

105

*112

110

36%

37%

36 Va

5,400

•

103

11'

19%. Dec

Jan

7% Mar

.100

& Co 1st pfd

Remington-Rand

500:

,

■

10% Jan
> 78%

V

.100

Preferred".,

(Robt)

112 % Feb

••

23%

*109

-

20%

...

;;84

113

23

110

*109

25'

44

38%

55

*29%

38%

•112

23%

23 "

119%

37%

38

36%

„

3

3%%

Reliable Stores Corp
Reliance Mfg Co.

1.300

30%

>9 ; Jan 2$:
92% Jan 19
> 21% Jan 28

10

Reis

100

105

107

*103

F';109% Jan

;

50

121

38

38%

28%

39%

4 :G44l:?G

*106%

38%

G;

29%
55 :

.

-

29

*112

24%

119%

G;

26%
40

55

19%

108% 109
G: 37%
37%
:

26%
39%

•

:GV;55::;G

28

.

39

23%

38%

30

117

200

,3,300

■112 '/>:•

:

'

113%

*112

37%

:

,29%.

37%

39%

55

>
i'J

117

29%

28

27

*110

:

45%

*44%

112 v: 112%'
117

200

50

pfd—. .100

Purina Co

•

27

:: 109

19%, 20: A

113%

55

27

50

51%
44%

*103

107

*103

19%

;

:

.

v44%'
■

29%

37%

56

29%

23%

118

29%

30

38%

:• 111

118

,

29%

*112%

43%
27

30

*55

30%

Va

43%
27

•

28%

> 31%

3

..50 GGi 26% Jan
Reading Company—
50
Jan
/
4% non-cum 1st preferred—. —50
43 : Feb
4% non-cum 2nd preferred- -50 ;G
25
Jan
—5
Real Silk Hosiery-...

> 6,900
1,600

30%

21

>7?

Jan
Raybestos Manhattan
—No pa* >>41
v 21% Jan
—1
Rayonler Inc.——
.25
37
Jan
$2 preferred —.i——

1,300

26%
38

111

'

:

47

v.'G'25%- : 26%
:
38 :
38

•50

112

112

112 Va

*

"45

.26%

g >48/>

>47%

26%

Feb

f; 15% Jan

Ralston

60

112 Va

38Vb

"

44%

>112 Vt

18% Jan

t-Gf87.i

1

Wadio-Keith-Orp* "um

53,200

20%

30%

.

52

*43

;

38%

30%: 31%

*25%

20.V4

112%;:

1,600

91

90

:

20

*112%

477/8

89%

Radio Corp of Axner—.....No par
$3.50 conv 1st preferred—No par

50.700

18

25%
-

38 Va

*50

52

*50

•

38%

38

31%

:

26

:/ 26%

M 25%
m 37%

20

•

::ii2%;; 112%

112%

49

*112%

19

p. 20 % ; 20%

iG'17%:

,{

'

23% Dec

>
>

40

106

G

Deo

26% Dec
> 18% Nov

Jan

6% Aug
19% Apr

Oct

>>46% Nov

31

Dec

>12% Dec
29% Nov

33

Mar

,:>| 48

Oct

21

Sep

34

Dec

37

Jan

56

v Nov

50% Feb
34% Jan

6

Feb

11

28% Feb

6

19% July
110% July

9

'

27%

16%

103%

107 Va

107%
*106

107%
36%

:

35%
*75%

•

76

.;'/ 30 >

/

>113

16%

16 Va

15%

106V4

109

104

57%
>: 110
•106
107%
36
35%
74%
74%

109V*

57

•108

30

>

./

35Vb

74 •
?9%

16%

16%

16

43%

42%;

43 ya

42Vb

43

21%

21%

21%

21%

20%

23%

22%

40 y4

39%

23

23%

38%

36Vb

*27%

27%
82

80

23%

23%

75

31 Va

75%
3iy4

13%

14

For

/

footnotes

104

105

27

78Va

78%

23

23

36

:>75
;

•

26 /a
79V8
*23%

,

16V4

75V4

13%

12%

13

127/b

13Vt

page




919.

10

.

36Vt
757/8

9,700

;

-

.;

600

43V2

41,600
16,300
-

j;

25

;

60

8,200

40

4,400

105

140

27 Va

80

80

24

24

4,200
500

G

;

i

1,500

.

*75%

76

150

30 Va

.

31

10,400

13'

13%

11,600

63

52Va Jan
3
25Va Jan
3
113
Jan> 4;

114

$4.50 preferred^
.

......No par
No par

$4 preferred

Seaboard Air Line ctfs w l^.No par
5% preferred series A w i_„__100
Seaboard Oil Co Of Del_.
No- pur
Seagrave Corp^...
..5
Sears Roebuck & Co..
Servel Inc common—.
$4.50 preferred

107
Jan 31
107% Feb 13
33% Jan
4

Jan

12

18

Jan

28

126% Jan

11

59Va Jan

Savage Arms Corp
——.8
12% Jan
8
Schenley;Distillers Corp—.—2.50 ;
103 Vt Feb
9
Scott Paper Co
1—
No par^
53 > Jan 23

> 10

30 ••'>;>>:; 1,500
16%
1,200

27V4

30Vt

13%

200

,

*104Va

75%

29 »/2

see

26.900
;

39%

26

80

31%,

12o

221/4

23%

27%
79%

30

*76

•

10,200

110

112 Vt .112%,

,

105

31 Vb

77

G >

17ye

42%

>

37%

30%

•76

6,200

21%

,

iV

23%

,

105

29%

15%
42%
21%

112% 112%
37%

26%

24 Vb

23%

>

23

105

,

.

277/a \

*107% 109%

74J/a

21

62%

111% 114%
58
58
*108

29

42Vb

38%"

80

,

:.

29
15%

23
-

27%

27

*78

.

112

22%

39 Vt

105

105

105

*111 Va

•111% 113

113

16%

114

/ 74Vj
,/>.

62
27Va

>*113% 113%

*107% 108
35%
36

21%

*111%

.

*108

:16

16%

42%

113%

'

.

.

.

<

36

,

74

16%
V

113

107%

107%

29

30

30

110

,,

,

-

57

.

>

27%

27

16%
16%
>110 V* 112%
*56
59%

16Vt

*107

60%G 61

G
27%/113
62

60%.
27

*56

58

*56

.

113% 113%

113%
16%
108%

113%

63

27%

3

114

Jan 24

110

Jan

11

.

8% Mar

,

i

41% Aug
Feb

29

'Nov

37% Jan
'G 77% Feb

16
8

G; 65% Oct

> 32% Jan

10

22% Aug

17% Feb

8
29

Jan

12% Jan

8

36- Jan
2
20>a Feb 13

„Nopar
.1

111% Jan
3
Shamrock Oil St Gas—
i •
20Vs Jan 3
8haron Steel Corp
—«.....No pat :
26% Jan
2.
$5 conv preferred
—No par >>98% Jan
7
Sharpe & Dohme_.__.
*.~~~No par
23
Jan 4
$3.50 conv pref ser A.—No par
,t77
Jan
2
Shattuck (Frank G)
—No par
20
Jan
4
Sheaffer (W A) Pen Co
No par
66 V Jan
4
Shell Union Oil——I—-——15 > ■ 29% Feb 14
Silver King Coalition Mines
—.8
/ 11% Jan
3
~Nopar

.

-

.

:

.

45 ya Jan

7

> 35%

Mar

Oct

24% Jan

17% Mar

40 Vt Feb

7

107% Oct
7% Sep
16% Jan

106
Feb
.27% P5b
82
Feb

7

17
113% Jan
9
28 Vb Jan 22

78

61 Vt

Aug

,/; 37
G 71 Vb

Dec

Dec

>; 30% Nov
14% Dec

> 40
Nov
v 24%
Oct
114

Jun

>21%

Dec

28

Dec

Jan

100

Oct

4

12 Vb Mar

25% Nov

5

74

79 Vt

6

Feb

8

59

34% Jan

18

24

14% Feb

6

77

Nov

114% Jun
113

May
13% Jan

25% Feb

Oct

Dec

124% Dec

109% Nov
108 % May

3

67

14%

X42%

28% Jan 26

.

/

28

115% Mar

July

Aug
5% Mar

Nov

22% Nov
/

70% Nov
36%

T)eo

12% Deo

.

THE COMMERCIAL & FINANCIAL CHRONICLE

918

NEW YORK STOCK
Monday

Tuesday

Wednesday

Thursday

Feb:11

Saturday

Feb. 12

Feb. 13

$ per

$ per share

Sper share
48 %•

,

47%

48%
•'

.V47/.Y:

48%

44

/

45

*44

45

share

191/4-.

19%

19%

57

57 Va

57

57

25'/a

26

25%

25%

23%

23%

23%

23 Va

23 Vs

„

83 Va

82

82

37

35%

17

17Vs

17 -K

35%
l7'/a

8 Va

8

34 %

34

34

5734

56%

57%
183%

*180

183%

36%'.

37

26

25%

25%

64

62

63 Va

54

56

*25

62%56%

57
88

88

95.

93%-

24

23

23

12%

13

12%

13 Va

44% '

37

37%

37

76

76

23%

23%
99

*9814

39

47 Va

113%

113%

36 %

39%

130

40%

40%

68%

68%

22%

2314

.

115 Vs

*118

45%

46%

•

67

67%

■

:Y

22%

:;

19%

/

18 Vs

108

•123

124.

*106%

19%.

31%

32

31%

*108%

127

127

128

&>!

47

47

39
48

48

Y//.'-" 45;-: Y:

39%

39i

Nov

Jan

24% Dec
62

Nov

60%

Dec

88

Jan

?o

64Va

Jan-

87% 'Dec

Jan

66% Feo

6

38%

4

96

Feb

15

3

25% Jan

29

11%

3

13% Jan

29

17% Jan

21

14

Jan

80%

Jan

42

Jan

73% Feb

19% Jan

-

V 95

93

Dec

21%

Dec

12%

Dec

7%

15

Jan
Jan

6 % Mar

*

20

Dec

Jan

3

Jail

29

80

Feb

45% Feb

6

32

Mar

40 V2 Jan

7

30

95

27%

Jan

39

47 %

13

83

Jan

15

Jan

83%

Jan

3

25% Jan

15

12% Mar

Dec

Jan

5"

23%

94

99

Jan

29

76%

Jan

16

37%

Jan

99%
61:

Nov

% 75% Jan

39

Dec

55% Jhh

2,ioo

5

17,300

19%

Jan

14

40% Feb

113Va Jan

2
4

,1X5

17

30% Jan

4

Jan

49 Va Feb

31

43% Jan 21
3

114% Jan

No par

7

134

Jan

Feb

9

149

15

44% Jan 11

38%' Jqn
33% Jan

/

/

69% Jan

10

56

13

25% Jan

17

19% Aug t

12

108% Jan

17

24% Feb

15

49% Feb

7

34

45% Feb

6

3

108

•

9%

Jan

20%

Dec

Aug

47

Dec

34% July

45

Oct

106

NOV

8

23

101%

v

13
15

34 V« Jan

30% Jan

147

YY/A/47Y/Y:

'

600

/

900

40%

*46
'

Y'

Corp..—-—1

17 '/a Jan

22

20% Feb

106% Feb

15

108'/a Feb
73 Vs Jan

10

Sutherland

Calif

18%

Dec

Dec

109

Aug Y

57

73 Va

Nov

2

Jan

10

9% Jan

17

3

23% Feb

4

25%

Dec

3

35% Jan

10

22 i' Aug

33

Dec

14

135% Jan

15

79

Jan

137

Dec

3

25

1 Jan

Feb

123
:■

Oct

119%

127 Vs Mar

Aug

5%

}
I

10

9'/«

Mar

36

Jan

51% Feb

4

10

38

Jan 21;

40% Feb

15

31

Aug

48

Feb

11

60 V4 Jan

18

Y

17%

Jan v

32% Jan

3

5

vY

30%

Apr

32% Jan

?2

7,100

Swift International Ltd

/

7,900

8ylvania Elec Prod's Inc
Wr>- par
$4 preferred—.No par

i'/

%:■ 37% Jan 21

200'

Nov

16%

^

/'109%: Dec
•

Oct

3

40:'///

110

•

'

Dec

100

(The)

Co——

<s

33%

Jhn

swiTi

Y".

Nov

Jan

5

'

12%

Corp—;

Dec

22

24

x31 V4 Jan

23;

Paper Co

Sweets Co of Amer

200

28 V,

Jan
Jan

8V4 Jhn

34%

39% H'
*109

125

of

Jan

18 Vs

20% Jan

4,400

40

34%

11 1

;

12F

Dec

25%

10%

5

64% Feb 15

(Class A pfd (4%ft cum)
—100
Sunray Oil Corp—;
Sunshine Mining Col——100
Superheater Co (The):
No par

Jan/

23

A preferred-—No par

Superior Steel

2,700

:

53

39%

39'%i /

•

108 V*

6,800

47

39%

■

-

'

■

,

*

15,500

Sep

16

10%

Feb

Oct
Nov

Dec

15

23% Jan

/

Nov

27
108

105%
•

35% Feb

;

19V2 Jan

&

Feb

24% Jan

Jan

Dec
Dec

68 Vs

25

22% Feb

-

Dec'

49%
44%

65% Jan
:

10;

Superior Oil

130,

:

,

134%

0

Bna Oil Co'——JVO par

14,200

.'

39%

38%

39

:

8%
20%
32""""..

•124

X34% /: 34%

35 Va

110 /

•

;/";"3i%

•

48

52-

..

124

8%20%'

32%.

•

39

39%

37%
*i08V4

•

•

39% "39%
*46

52

W 34%

109

*123

21%

*45%

•■:/0

1,000

Jan'

40V» Feb

$4.50 series

80

65

/ ;Y,

8%

..

107

64%

.

14

10

/

23

23% Nov
121
Dec

Jan

67%
78%

Jan

Dec

115Vs Aug

2% Jan"

49 V8 Jan

Dec

49%

Jan

111%
:

Dec

116

Jan

&

;; 45% Jan 25

par

Sun: Chemical

11,600

28

15

Jan

130*

•

V

Nov

40% Dec;

107% July

9

47% Jan

118^

Webster———No por
Studftbaker Corp fThe)^.—j.——!•

Stone

9,500
•

37% Feb
112

Inc——No par

OH- of OhJd—

Dec

21

—1

Indiana—1

Sep

44%* Nov

'

-

7,800
:

106%

>

;:.12&.:''Y 126

:

46

38%

39%

0

■

J

39%

*46

35%

35 Va

:•

39

/

39%

108%

17

37

2

Jan

-

4,700

34%

19%
^

.

123

32%

"

,34

65

123

124

.

32V4

35%

Jan

Jan

•

92% Jan

;

2
No* par

.—No

Dec
Nov

32%

•

10% Jan

1
—No par
No par

of Calif

DecY

60 Vb

180

17

107
Jan
preferred series A.
100
Standard Steel Spring.^.—^-—.—4
i/: 17% Jan
43
Jan
Barrett Co'(The, L S1—No par
4l Va Jan
/ Sterling Drug Inc oommon™
5
3 Va preferred
105% Jan
——100 ;
22 Va Jan
Stent art-Warner Corp;—.
24 Va Jan
Stokley-Van Camp* Inc
1
21
Jan
.5% prior preferred-.-—.——20

400

24%

24%

108

*64%.

64%

32%

40'A

15

36%

Apr

26%

26% Feb

Dec

Jan

3%%

/V-'. J,'•>-—~

32%

32%

1C9

Apr

155

Oct

Dec

7%

p

62

19

1

Standard Oil of New Jersey.—.23

2,800

,

110

31%

8%

39%

*107

32 Vs
v

20%

35

/

22%

8Vs

39»4

49%

22Vs

21 Vs

39%

49%.

21%

8%

39%

1

' Dec

18%

Aug

40 vs

G

96
40%

Aug

20%

16

/

3

91

100'

—■—No pur

preferred1-*—.-/

prior

Standard

15,300

.

48% YY44A//;

;

22%

20%

-

3

'

100,

24%

21%

21%

V-Vv 8% ZW-i'.

48%

23%

22%

21 Va

48%

;;

-

34

21%

•

4 %

3Q% J^n

.

Jan

29% July
13% Jan

13

83

50'

,$7

7,800

22 Vs

19%

64%

'

23 Vs

21%

21V,

46%

68%
108%

32 Vz

108

*106%

65

39

100

1

a

'

:

*64%

46

1,400

24

30%

;

300

,

41%

68

110

31%

39

Jan

59% r eo
Y Feb

185

Jun

53% Feb

Standard G- & E Co $4

12,800

.

129

23%

30%

>

36

v

24%

57-/. Jan

par

ctfs;

>

22% Jan

No par

No

nreftetfredi*——
—No oar
pref..No par
$6 prior preferred1.——A/o pat*
$4

.100

:

22%

44V4

*107

31%

127

14

35J/4 Jan

Standard' Brands.

2,300

*

41%

24%'

31

.

'

•107%

,

49

32

32

.

118

32%

23%

no

"

9,000
15,100

.

49

31V,

129

x33% Feb

Squibb (E R) & Sons New.
X
$4' preferred..——JVo> Par

/ 1,200

"

47 Va-

al29

23%,;

X4 3V2

,

110
:

37%

40%

22%

21%

129

"^outtrtf D Ohw

1,800:

"

// 121% 121%-/

22%:

,

44%

♦107

33

*123

;•

113%

47

109

*107%

23

/?

68-

■

*113

68%/:

67.

.

48

48

-44-

24%

*/

108%
23' Y""

21 Vs. ,

9

5

0 pat

Btandhrd Oil'of

22%

/

8% Feb

2

luc——
1
$4.50'- preferred!.

40%

22%

123

Conv

40%

21%

8%

Spiegel

40V»

.

22%

123

3

Jan

8i3ll56r Mfg

340

Standard Oil

22%;;:.

22 Vs

V45'//;

19Va

1,400

Y

>

17,600

Y;

40%

40 y8

110

*107

9

6% Jan

Dec
Dec

Jun

48 v2

15

-

65 Vs

22%

22%

11

rThei

Sperry Corp

10,200

45%: -46%

211/4

:!

Jan

39% Jan

$ 17% Jan

/

Dec

Jan

Aug

15

30'

14

36

—

Jan

11

3

Spencer Kellogg & Sons.

463/s

21®

19%

—

i,4oo

8,900

37%;

131

22%

65

91

-

ll

& Bros Inc

x45%

,

33-

108

24

-

3

Jan

Spear'& Got:
$5.5J preferred

400
•

37%

'

*113 Vi

121

130

130

*129

.

121

21%

:

.:•;/ /

;•.//

98%

42 3's

41

;

40%

22%

19%

(A Gi

67

115 Vs'

32

65

5

Jan

Jari

vViWuiigtun——,

24%

46%

x46%
*113

24Va

*106 Va

8

64

stlt' tr

Ohio

epaVKh

98%

37%

120

21%

32%

Mobile

i

Spalding

23

a

114 V*

24%

6

•

44

36%

•

37 Vz

47 y4.

23V4

*107.

90

Z/:/76.Y.Y.: 83; •' .;V.

♦112%

39

109%

'V, 24 Vs'

,Y

114V4

38%

•

49

.

43%

67 Vz

*107%

*48

110'

*108

36Vs

67%

23

% 44%

44% '

10

175

preferred

non-cirtn

.

8,000

100

*

75

68%:

491/4

*48

/ 44%

6ft

2,200

>

19

*95

38%

*113

22%
22%

*18

36 Vz

46%

68

23%

23

'

44%

99

121

*107%

107Va

107%

18
100

V/.

X43%

37%

41

1

18

Y Y, .',*95

.

•44%

113

40 Va

.

:

13%

22%.

46%

•

23%

74

130'A

;•

61% Jan

7 ; V- 27'/b Feb

"

40%

/£

41V4

Jan

Nov

21 Vs

j

Dec

44 %

Aug

22

46%

Feb

14%

35% Feb

Gas Co—7.501 '

Natural

Southern

2,800

96

98%

'

46%

Y '

88'

13

■-*66%-' 67%

1301/4

132%

o

4614

*86%
23

21%

41

*119

120'

120

;;:.30%

pat
100

Southern1 Pfeclflc Co
Southern: Railway

93%

98%

116

38%

2,400

3,500
23,000

12%

22%

47%

i fU3

*93

75

39

47%

Y"

98%

114

•V

47%

86 V4

21%

1

67%

114

*39
39 Va
4il3VV114%

X36%

73%

■

98 V,

67%

67 Va

67

7

11

Edison—.i_25

southern' California

10,900

23

18

.

; 23%

■

98'A

"r> 45 % Feb
/ 20% Jan

T /

«,»,

64 Vz

95

36

76

/ 23

8

13

xl6% Feb

Greyhound, Lines—5-

preierred

$ per share

Jan

Jan

■;i' 80

15

fono Rico Sugar—;JVo

t v

V'32%

22% Jan

par

—Hp

& Platinum

56%

12 Vz

100

•

76

U

/ :*>oJiw
v

YY.:

Am. Gold

1

19% Jan

;

Typewriter.No par

63%
/V

22%

18

'.37V2

;

NO

50% Feb

-

Highest

$ per share

54

15

— .

Lowest

18% Feb

20

Vacuum OH CO-Lnq—

soul heaatern

1,200

.

26 Va

26

55

12%

44%

44%

44%

South

///•/

23

*95

;

'

44%-

V; 38%

4

'

100

*95

Corona

22,700

37%

93%'.'

Vz

12

'.x;

18%

*18

18%
100

at

$ per share

44 Va Jan

par-

Iron-

Corp-—,—

55%

63%

x54%-

-

aiii.ui

3,500

86

■

U)

Socuny

58

37%

>"

26

!/ 62%
..'x

<fe

preferred—

(A

84,800

183% '

93'%

93 Va

*23Va

18%

37%

25%

«

54% '

Steel

Smith

400

,

,

VY-/57:

$ *180

84%

87%

*93 Va

*95'

33 Va

21%

85

'

?•

62%'

■

53 %•'■

$1.20

■

1,000
i /
:

7'/s ; Y 8Vs '
f//34Y.::/ 34:

■183

37%

2G

25
61 %

16%/

'v.-

•

56 Vz

56

*180

37

36%

37%'

37

7%

x33%

34

37%

16%

.

82%

$ per share

Fear 1945

Highest

'

7Va

183%

730

24'

Oil

'Y

Lowest

-No par

'.-J.

Sloss-Shefflelcl

Range Since January 1

Par-.

.—No

Co

6kfcii.v

5,700

..Y:

37 //

16%

V/--56 !?»';•} 67; "Ml

263/4

23%

36%

Oil Corp—

1,400

57%

82*

Y//

81.

xi6%;

7%'

*180

/

24 <.

,

/*35'vY.

;.

56

-

•?.'

v

—No par

Slnlonds Saw & Steol——

Sinclair

Range for Previous

'

-

Simmons Co„_

///•: v 100
/:;/ 57.200

19%

tHr

..

STOCK

;//
:.//•/ .:-*/;>.///./■

5,500

25%

'•

YORK

EXCHANGE

Shares

..

45%

.

.

STOCKS-

•; NEW

Sales for

49%

'

RECORD

1

{

the Week

share

49

25%

81

'

; :

56

23%

/;

17 Va

*33%

34%57 Va
*180

80

16%
7%

8%

56 VY

?■/

35 Vz

*35
■";;
•

■■

23 Vs

80

83 V2
37

7%

56

26

vi

....

Y *43%
'/Y- '•19

19

25 Vs

56%

..

per

Y

44%

18%

,.

Feb. 15

$

VY, \4834

19%-

25

..

///;

.*44

•

44

•

/'.

47

48

18Va

19%

.

$ per share

$ per share

.

Friday

Feb. I t

Feb. y

*44

V ,..i

it.'.;

PRICES

SALE

H

Monday, February 18, 1946

23

107 % Jan

14

Feb

24%

Dec

39% Nov
38 Va

/YVY29:/::: Apr

28

Dec

62

'

May

11

16% Jan

2

Jan

Dec

40

/

31% Mar

36% Jan 28

Y 41
108

,

16

12% Jan

.

41'/a Feb

•

Dec

43% Nov

'

14%

15%

151/4

153A

15%

'

15%

•

15%

16

Symington

11,100

Gould

Corp

.

*13%

7% Jan.

STOCKS

PRICES

SALE

HIGH

LOW AND

15'

14%

Dec

Range for Previous
■

Monday

Tuesday
Feb; 12

Feb: 13

$ per share

$ per share

$ per share

Feb. y

share'

Sper

12%

12%=
19 Vz

V

19%

19%
*109%

:/: 14%. 14%

YY

16

15%

*12%

no

57

Y'f;
57% /•

10.%

11%

Thursday

Wednesday

Feb: 11

Saturday

*13%

56%

11

10%.

■

56

"Y-My

10%

,

Taicott Inc (James).—

Tel&utograph Corpv—.

4,700

'■

11% Jan

Tennessee

Corp

/
—5

—

$ per share

25

11% Jan

—9

1,200

19%

$ pet share

3

Jan ./ 4

i7

'fcowesf

'

16

Feb

9

13 y: Jan
r

15

19% Feb

6

.

Highest

$ per share

7%

14

Jan

Jan

:

Dec

13%

Jan

7Va

11%

$ per share

Dec

19% Dec

'

-Y; Y'
56%./;f ;

10%

Par

2,000

12%

19%

56

10%

;i4*Y/;;/t.

14

12

•

'

•

.

10%

.; 57

;

191/4
110

*109%

110

YY

12%'

19%

,

14

12

0: Z

19%

*109%

110
Y;
57 Vs

*109%

12

'Y'18%

XH V'4

14-/.;..''

14%

;:/12*-Y;-

12%,

•

Year 1945

Range Since January 1
Lowest
V Highest

Shares

$ per share

;

eTOCK

ludiv

EXCHANGE

the Week

•■•/Feb^ 15

$ per share

NEW"

Sales for

Friday

Feb. 14

110

56%

'

:

110'

:

/58-vi;/V|

10%

Tennessee Gas & Trans 5ft

140

Texas Co

11,900

4,800*
./ 4,900
5,600

(The)—

Gulf

Texas

Texas

IT

pfd..100

1

Feb

13
3

56

.1

-

Feb

9% Jan

—25

—

Producing

108%

;

111 % Jan

12

62

Jan

17

% 11%

Feb

105% July
Yr 48% Jan

6

62

Dec

10%

Jan

6%

Oct

110

Dec

'

50%

Y 50%
2434

25%

19 Vs

18%

19%

46%

46%

30Va

32

60

61

18

18%

19%

18%

48%

48%

47%

48

31%

32%

32%

61

61 %

31%.
61%;

62

18 Vs

18%

Y 19

'

.

18 Vs

*17 %
*104

:

16%

Y1-.:

16%
70

*66%
13 %

105

63%.,

13%

13%
18%

19

59

60

48

48 V*

48 %

32%

33

34

61;

61%

61%

360

18

18

700

*104

105

10

■

;

17%

16

16%

..

'

■

Y

105

•104

*18%

19

'

20

,

'
'

17 V*

63%

-

26 VB

19%

♦60%

16

13V4

13 %f

19%

105

25%

19 Vs

,V"32

16%

•

67VZ-

13%

*18%

—

52%

26V4

48

;

51%;

25%;
19%;

Y

67%'-

16%
Y

•

"■

■.

V

105

*104

105

-

%/

/ ,i

52%

X50'

51%

25%

51%
26

51%

/',Y 25- :

51

25%

,

16 Vs

13%

13%

:;/Y/T3'Yya
*18 1/4

18 Vb'

'57%

58

17%
67

14%

18%
59%

59%

59

57 Vz'

58

59%

112%

*109%

112%

109%

109%

109

109;

Y

.

,

1

tOO

46% Feb

13

par

27

-No

Mfg Co—

51% Jan

7

34

Feb

Jan

7

64 Vz Jan

18% Feb
Jan

30

1

13% Jan

Thermoid

$2'/a

Co

div

common

Transit Corp -No

Third' Avenue

Thompson' M R)

Thompson Products
Aft preferred

100

Jan

105

5

17% Feb
68 Va Feb

7

15% Jan

8

19

Jan

13

68% Jan

28

Feb

14

109

—

112

Jan

Dec

15 Vs Mar
Dec

19%

Nov

66%

Oct

106%

Dec

64%
'

.

../ 45" •' July '

29

Oct

15%

Jan

13

Dec

104

53% July
10 Vs Aug

28

Dec

18%

Apr

X93% July
9% Mar

4

Jan

17

comJ— No par

8%

Dec

61%

44% Mar.;.

6

57% Feb

YY

Nov

31%

6

8

-

12% Feb

•

par
-25

^

—

60

-50

preferred—

conv

55 Vz

10

103 V* Jan

—

Jan

'

19

preferred

Jun

30%

11

16% Jan

6ft

20%

28

-No par
.100
/—

.59%

Jan

Y 14% Mar

15

preferred-,—^ -No par

51% Nov
31% Nov

13%

17

Jan

The Fair,—-:

1,800

/ >110%; 110%-

48

conv

Y 90

'

•109%

16

21% Feb

■: 36% Jan'/
18 % Aug

4

29 Vs Jan

3

$3.60

100

*•

:

53% Feb

13

16% Jan

par

'

4,700
:

3

•Y"". 24% Feb

1

Thatcher

6,800

*18%

'

Jan

-10

Sulphur

Pacific

Texas & Pacific Ry Co:

900
3,900

67

16%
67'

*64%

><-//

//

Coal & Oil

Texas Pacific Land Trust

Texas Gulf

8,800

112% Nov

'

12

12%

60 %

62

20%

20%

*110

•Y

113'

63 Vz

64

YY.

*31%:

-

I

19%

49

51%/

49%

61%

63%

,

105%

18 Vs

18%
175

*145

58%

59

24%

61%;

31%

31%

10%

11%

11%

18%

*104%

■v./ 17 Vs
i *145
/.

19%

58%

63

*

113

62 ' :

■

19
;

32%

IT v;

*111%;

Y.v

*47

48

;

'

♦111 Y

;; $3.75

i

preferred

Timken1 Roller Bearing"—

Detroit

64%

2;600

19%

19%

8,409

Transamertca Corpl

63

65

5,700

Transcdnt'l

31%

32%
11%
112

32%

50%

48%

49%

49 vs

51%

62%

61%

61%

63%

63%

51%
64' V

*104%

105%

*104%

105 %

17%

1*17%

*104%

'

"10

Truax-Traer

1.400

53

30.300

66

4,500

20th' Cen

preferred

$4.50

prior

—

—

pta—

-No

175

17%
*145

;

58 Vs

58

58%

58

58

23 Vz

24%

23

23%

23%

23%

17%

75

75%
25%

76%

25%

•

.

108 Y

115%

114%
114

- •vK'v:

./

114%

114%

75

Y

25%

106%

114

•.:>

-'

i'\ Y.v

v

*114
*114

•'.

j

}■

f.

'Y Y *113

.

*114

'

•'

,

*.105 %'

*105%

l

...

V;

w

•

25%

25
158

; 25%

157%

116

40

40

35%

35

25 v8

;>; •

158 Vz

116

41

158

35%

•

-

;' 154

.'Ij.

^

■

"

*115 Vs' 115%
*40

Y

114

•

'.'

—

76
•

'-25

Y./75v./
• ."

*39

—'

.

106%

58%

58%

24

25

114

450

Twin

4,200

.

108

■114%

*105%
25

75.'y'
26

106%

■

*113%

75%-

•6.400

Coach

Co—

...

66 V* Jan

9

71

9

28

5

Jan

33 Vz Feb

Dec

jan

61%

.tun

Jan

Jan

25

4%

3

12% Jan

29

2

112% Jan

4

7

20% Feb

'

3

/ 54% Feb

6

67% Feb

4

106% Jan

10

"18% Jan

30

Jan

:

Jian

•

Union Bag. &

114%Y

25%

25%

6,400

ri54%

156 V4

2,700

,

155 Vz
115

:;

115%- 115%'

.'•V x40V8

40 Vs

40%-

35%

35%

35%

113%

113%

46%

47 Va

Preferrd $3.70

sei1es__^*—No par
25>

Unidn Oil of California

Union Pacific RR CO
■

500

40%-

Carbi——Nb par

Uhlon EI Co of Mo $5 pfd.—Nb par
.'
Preferred $4.50 series—
,No par

10
';> 80

114

———J.
No par
Paper———No par

Unloit Carbide &

9,000

'

4

50

Jan

3

21%

Jan

3

4%

non-cum

100

preferredi—.—100

Union Tank Car..—.

600

No par

172
60

3

26%

Dec

33

Dec

10%

Dec

112%

Dec

:

Mar

'Prt'Y

Y

;?

45%

Deo

34 Vs Mar

50

Dec

102

May

106%

Jan

/ Y 9%

Jan

4/'10fv

Dfec

112%

Sep

■-/ 42:.-..

Oct

-

Dec

52%

:■/ 14% •JanY/

Y

Dec

25%

Dec

v: Y
1

,t«n

11

Jan

3

26% Feb

15

997/s Jan

2

109 7/s Jan

15

11:

115% Feb

5

71% Jan 22
23

146 Y

III

YY.
;

5

29

Dec

26% Mar

P.

?;/./

111

Feb
Jan

Dec

79

Jan

10%
!

\% >23'":'•
t

Jan

1

103

Oct

'68

,

Nov
Dec

52

,,18% Jan//

;// 5". • •
•

Y

Mar

Dec

107%

-

Apr

10

28

49% Jan ;.3.:Y
105% Jan 16

Sep
Jan

26

6

■

101

50
•

7*.

Jan
9Vs Jan

Jan

9%

!

16%
34 Va

15

21'/* Jan

7

14Vs Jan
Jan
147

/:

Underwood Corp

*105%

VB' -'25%

153%

7

13

X.'si-'

1,700

26%109%
114%

•

*113%

40%

75%
25%

•114
"»

157 >

25

,

City Rapid Transit— -No par
.100
preferred
50
5ft
conv
prior pfd

'

*113% -114%

114%
25%

Y

106.

114%

*105%

,

'

25%

24%
104%

Jan
Feb

V 39%
/.

■i

29

10 Vs Jan

2nd

;///•-

108%

11

50% Jan

.111% Jan

par

U
75%

'■

Twin

1:100

175

.-v.; t'./•

25 V*

111% Feb
•

Y:

'

17%

*145

.

108 V*

3

w. 31

10

62

...No Par

—

3

Jan

>;/

29

19

pat

par

Jan

29

Jan

68
*

57% Feb

Y

par
2

Filrri'Corp— -No pat

Fox

$1.50'

105%/

.No

Corp——

12
13

46%

3
-No

Jan
Feb

108'
;

13% Jan

22% Jan

2

56

20

.—t
Tri-Contmental Corp1——.
-No par
Sfr preferred
—

27,400

19%

-iVO

West Air. Inc.

Transue- & Williamk

,400

.

12'
112'

8% Jan

par
par
-10

par
-10

Axle*———.

19 %

it
'/ 1T%
*111%; 113

175

"390

,

62%.

:

*19%

*145

113

Tlmken

1'9%

/. 17 V,

1

Tirfb* Water' Associated' Oilx—

1,100

19

18 Vs

Thompson^fftarrctt CO——No
$3150' cum preferrpdi-—* -N(

"900

48'

18%

175

8,200
.

// 9^00

47%

18%

105 VB

13%.
20%

63%

:

19 Vi
:

-

63

20 Va

47% Y

58 Va

24%

*02

Y63%Y

19 vb
61%.
31%

/

111%. 113

12%

,

111
.

x63"

•63%

;

60%
20%

110%

111

46%

19%
60

'

60%
20 vs

.

:
-

19 Vz-

13%

12%

12%

Til/

47 Vz

19 V\

*104%

20%

59

11%

11%

59

20

47%"
.

33'

*31%

12%
59

20%

.111%;

ll-l
.

.

19%
58%

*111%
*

:

64

19%
58%

13%
62%.

59%

:/:

48

*63%

:

12

■

\/ 20%*

112

48

'

•

:

:

114% Feb
113

Feb

5

25

Jan

"22

140% Jan

•

.,

77

115 Vz Jan

27Vs Jan

14%

Jan'

267/s

X110V4

Apr.
111% July

T7Y

20%
:

109%

/

100%

DeD

1177/s

.

Oct

102 VZ

Jan

78 Vz

'15

168%-Feb '7

2

/;/77-:'v Ot

58% Jan
.

Jan-

U6

Jan

27%

Jan

151

Feb

11

Jan

112%

39% Jan

16

42'A-Jan

9

29

Aug

/ ,45%

33% Jan

3

28

25

Aug'

116

112% Jan 24

:

Jan;

Dec
Nov
Deo
Nov'

'

35%
*116

118

117

46

45

45%

154

*150

*109%

39%
113

39

153
■

'

*109%

-■

116

*113 V4

144%

***»

#—

'*

39

34%

43%

46%

150

35

*112

117

"

39%

34

..

mm

J*

39

Y

*109%

113
"

80%

80%
35

*33

79
*33

35

'■

"

12 V*

12%

25 Vz

25 3s

253s

For

footnotes

146

152

39%
113

x38%
'

*107%

77

*78%

*33

35

*33

11%

12%

25 Vz

45 %

-77

80%

12 Vs

45 Vs

:

12%

28

26

"

12 %

*25%

115

46%
153

38%
113

154
39

156

39%

*108

United Aircraft Corp—
5% conv preferred

11,900
V

200

United

22.700

2,500

4V2%

900

United
5ft

113

80

80

82

35

33%

33%'

12%

12%

13 Va

26

26

26

0 900

page

-

.....100
No

Co.

Carbon

Prior

r

Jan

3

37% Jan
119
Jan

43 % Feb

13

/: 54% Jan

9

144% Feb

13

Jan

9

41% Jan

15

113

34% Jan

110% Jan

179

3
23

Feb

13

No par

Co

Cigar-Whelan

par

100'

preferred.

33% Jan
11 Vs Jan

2

Jan

12

115

/ 86

19

30c

No

United-CarF Fast Corp.:

919.




conv

United

400

<-

Inc..

preierred
Biscuit

United

100

21,600

1
see

Air Lines

?
100
-10v

Stores

preferred

par

20
■:;.

77

24

Jan

Feb

18

2
1

14

Jan

29

26

Jan

31

104

Sep

31 Vs

38%
120

Dec
Dec
Dec'

Jan

62%

Jan

200 Va

Deo

22 Vz Mar

i40

Dec

109% May

114

Jan

118

/

5

35 Vz Feb
V

1

V

■

>.

66

-

26 Vz

22

:

Feb

July

"

82

Dec"

36

Jan

7% July

Dec

13

Dec

25% Nov

1

^Volume 163

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4465

NEW YORK STOCK
LOW

Saturday

AND. HIGH

Monday

Tuesday

Feb, 11

SALE

Feb. 12

Feb. 9

PRICES

Wednesday

Thursday

Feb. 13

STOCKS
Sales for

Friday

Feb. 14

NEW

the Week

li; Feb..15

6%
51

$ per share

share

6 VB

6Va
'•

■

*53

83

*79

82 Va

27

27 Va

116

52Va

111 Va

27'/a

50%

53

109 Va

12 Va

*106%

26 Va

107

26 Va

V'

116

30%

;

1: 28Va

1

57%

40%

17%'

18 Va

17%

18 Va
12 Va

55%
68

45.

55%

*186

77%

•

6%
68

185 Va

185

79

78 Va

88%

88

89

93%
95%
*160% 162
28%
28%

162

*51

92 Va

51

9%
17%

16%

12%

12%

63

1/ 37

45%

*18474

187

80

80

91%

93

28 Va

,1

16%

12

26

L;

63V2

*59

*103%

.

102%

104

43 Va

26%

12%
64

36%

37%
22%

36%

22%

22 Va

51

51

51

24%

24%:

24%

-

37%

Nov

Jan

108

3

7

29% Feb

Feb

2

16%

Apr

8

119

Feb

4

77

Jan

115

204

Feb

6

77

Jan

115%

Dec

33

Jan

11

13%

Jan

34%

Nov

70

50

Jan

70 Va

Dec

38%

Jan

55%

6% Mar

12%

Dec

39

Dec

16%

Dec

13

Feb

15

Jan

14

Jan

3

59% Feb

2

3

13%, Jan 29

7

44

2

2

Jan

8

Feb

6

89

Feb

.

84

4:

84

112

112

*112

1

115

84

83 Va

*111

115

10%

-

93%

121:1 121
*78 1 490
4
51444
•1511;
*44 J 145117

*78

*172

190

*172

200

7 190

19 Va

.108%

108%

101%

105%

*20%

I 207A

15%

16Va

*108%
•

99

144'/a, Jan
52

72

11 i

No

6

58%
135%

Jan

127% Jan

8

23 Va

Aug

46

Inc

Sep

13 Va

106%

35%

36%
36%
:1 .: 47

1 *44

16

13%

106%

106%

*20 Va

16 Va

36%

20

31%

32 Va

32'/a

33

V2.

34%

*32

32 Va

19%

105
21

>*21

16%

1674
13%

Dec

>•/.': .4,-;- Jan

14% Jan

8%

Dec

20% Jan

23

4% Jan

Dec

117% Jan

1116%

22% Jan
8 Va Jan

1121%
1.25

Dec

49

128

Jan

24

27% Feb

98 Va

Jan

8

70 Va Feb

110 Va Jan

10

195

Jan

25

49% Jan

5%

15

11

10

Jan

3

43% Feb

13

30

Jan

3

19
Jan,
46% Jan

3

23% Feb

2

55

39

Feb

39

14

21%

,

45%
21

45

32

32 %

3174

31%

32

32%

32 %

32%

33

.34%

42

V4

42 V*

42%

43

42%

14 % f r 14%

14%

14 Va

14%

14%

14%

39%

39%

38 Va

39 Va

138%

39

39

39%

39%

40%

87%
41%

87%

87%

87%

*87%

89 Va

39%

40'A

39%

407a

*114% 115
118% 119%
113
113

114 Va

114%

118 Vb

118'4

*118 Va

112

*111%-112%
*118% 119%

42

■

40 % >. .41 %

41%
115

114 Va

115

*118%

119%

119 Va

120 Va

*113

117

113%

113%

118 1 118
41

41%

*118JA

114

60 Va

11%

11%

61

6IV4

11%
27%
.52'A

61

11%
29 Va

29%
51

;

27%

51

51%

119%

10%
27%

uv*
27-%

51%

Jan

2

118

Sep

124

82

Jan

2

57

51

Feb1 8

39% Jan

4

45% Jan

(Hiram)

G &

W

Petroleum

Jan

18

120

Mar

172

Feb

2

165

175

Jan

Dec

15

145

Mar

173

Dec

Sep

1178

75

Jan

3

18

Jan

22

20% Feb

6

13% Jan

20

39

Jan

2

42% Feb

4

30%

42

108% Jan

4

109% Feb

1

117% Jan

14

99

par

5

Corp

21

3

13.

Feb

13

103% Jan
1314 Jan

3

-/1

par VI

No

3

Jan

1
r

5

7 8411 Feb

/

11
-

13

V

—100

Pictures

Feb

20 -1 Jan

No par

45

Tobacco

Indies

.

15 V8 Jan

107

Feb

7

33% Jan

1

36

112

Jan

7%
516 %

preferred.
preferred..^

.........100

—

52

*161
*28

2,400
2,000

♦28

52%

}■

115

300

122% Feb

*95

96%

51%

52%

*51

44 Va

44%

43%

46

47

47

37%

107 %

54%

104

43 Va

36% Jan

7

Feb

2

7

115

Jan

30

Jan 31

35

Jan

9

57

Jan

62

Jan 15

V-

104'/a

103

54 Va

53%

54%

104

104
*30

30%

30%

30 %

30%

30

30

41 Va

41%

40%

40%

39%

40%

40'A

17

16%

17

17 Va

17

17 Va

92

*90

'34
10% I'lL'l;

.

*90

23%

23%
19 Va

18%
*99%
*141

100

21%

*21

13 Ve Jan

56%

:

90

35

35

*33%;

11%

10%

11

22

22%

•11

18%

18'A

99 Va

20 Va

21%

*141Va

—

39%;
•

1

'18%

99%

21%

18%;

187'a

—

9974
21

:

r

40

■55-

54% : 56»A
66

-54

56%

-

1

*91

Wilcox

15,300

39%Vj» 40

4%

Jan

14 Vb

Jun

13%

Feb

37%

Jun

Jan

14

57 Vb July
92
Jun

55%
.56%;

55%^56 V4
I
56 Va " 58 ilvl 7 3,100

:

.

*91

94%

97

99

"

95%

•*

93 Va

.

93 %

,100

*97

Woolworth
Prior

Prior pfd 4% %

80

81%

31%

32%

82 1;

82

81%

31

r;;

32%

32%

82

•

•'

:

■v..

•

;

46%

47%

47

-

47%

47

47%

1

47%

25 VB

23%

,24 V*

24%

25 Vb

25 %:

31%

32%

32

32 %

32 %

33

68%

70%.

68 Vb

68%

69%

70 %

70%

28%

29

28

28%

28%

28%

2874/

1

26 %

32%

,

;

,

72

29

M

7,300
2,400

,1/1

8,800

/ 1-

3,300

;

38%

38%

38%

39%

38%

39 VB

39

39

13%

13 Va

13%

12%

13 VB

1274

13 Va

♦Bid

and

asked

prices:




no

sales

on

this

day.

tin receivership

«

%1 : •>"•39%" 40% V'l
•

13 Va

Wiwr*

13%

"i "w

,

V

42

28

pfd 4%%

;

Jan

11

Jan

16

58% Feb

6

Jr

87%

132

Jan 30

21%

Jan

3

44

Jan

28

26 Va

Dec

78

19 Va Jan

Feb

'

107 Va

Jan

477'a

Dec

103

7

Oct

31%

Dec

47%

Dec

30

8%

Jan

18

Dec

14

95

Jaa 24

83%

Jan

119411

Jun

35

Jan

17

100% Jan

7

21% Feb

.

7

3

7130

29

1

Jan

1.35

6% Mar

16
5

Oct

Dec
Jun

19%

10% Jan

19% Feb

•

12

26%

16% Mar

Nov

30
-

13%
1128

7

Jail
Jan

'

22

Dec

138%

Dec

10

36% Jan

3

40%

Jan"l4;

10

150% Jan

3

59

Jan

Feb

14

65

Jan

;-„Jan

70

91% Jan
; 93
Feb

7

94% Feb

5

79

e'Jan

100

Nov

9

98

Jan

24

80

(

Jan

100%

Nov

18

106

Feb

4

75

1.

Jan

110

par

,

100
par

No

,

1 54

4 I 911

S

par

Jan

7122%. Jan
40%

29

38

9

Jan

137

Nov

53%

Dec

Nov

7 Nov

v

.

,

.

79% Jan

7

82

Jan

25

69 Va Mar

84

1.

Oct

20% Jan

;

pfl*
;

Door

Zonlte Products Corp

Dec

Jan

pfd—100 ;1

IDel)

Zenith Radio Corp—

Dec

43

Jan

7 '

377b May
50% May

1105%

Jan

7

Oct
Dec

45%

Jan

28% Jan

/ .16% Jan
;
99% Jan
19% Jan

series

7,100

*

14

15 V8 Jan

Conv series—100

.,7,100

64

104% Feb

'•» 88

.10

>

101% Aug
31% Jan

21

No par

Yale ft Towns Mfg. Co
'
2B
York Corp
1
1; Young Spring ft Wire
No par
Youngstown Sheet ft Tube__No par

Steel

Oct

3

12% Jan 29

No

Youngstown

72

106

19

100

Jan

26% Jan

No

'Wml

Jan

Oct

35

38%

30% July
27%-Feb

37% Jan

par

56

Jan

31Vb Aug
37% May
■I

107% Jan 31

3

i____No

*7

13%

11

2

Wyandotte Worsted Co

3,300
k.

'1

29

17

WrlBlev

800

4,500

47%

24%

32%-

1

r

33%

Jan

48% Feb

21% Jan

Wright Aeronautical

'

f 81%

30

45

x33% Jan

Worthington P & M (Del) ...No

400

77

39% Jan

Jan

•/10% Jan

(F W) Co

200

•

Jan

Jan

1

Motors

Wisconsin EH Pow Co 6%
Woodward Iron Co

:i 1,200
'i. 7,600

4

3

Co

$4.25 preferred
Wilson-Jones Co.

64% Jan
43% Aug

98% Jan

par
20

preferred
Oil

Wilson & Co Inc

400

1,000
V

No

Dec

30 Va

26%

170% Jan 25

1

preferred

Willys-Overland

13,100
;

conv

Prior

300

7} 2,400

.

*141%.:.._111>7'

94

.

;

21%'. 21%

40

.94

104

$4
i

61

27 Vb July

45

Dec

3% Dec

4

14

105% Jan

Oct

Dec

115

Jan

42

—1

40

Jan

'3Deo

32%

16

118%

22% Mar
106

43

No par
207

White Sewing Mach Corp

J 3,000
'

;

*99% 100%;

1

4:2144.

*141 Va

>/"

39%

93

100

•

'

93

•102

23%

White Dental Mfg (The S S)
White Motor Co

4,400

-

35

11
f; HVi
23%23%
18%
19%

11%

22%
"

57%

93

;

-

*87%) 90

*33%

23%

r

1200

*

-

17%

-

*87%

56%

93
r

18%

17 Vt

*88 Va 1 92

*99% 100

21%

*29% 7 30%
40% " 42-

Dec

29

37% Feb

prior pref-.

Dec

118%

113% Nov

17

54% Feb

103% Jan

conv

112

Sep

40% Jan

No par
100
100
No par

$5

Jan

32% Jan

No Par

Wheeling Steel Corp

830

'

*33 Va

38

56 Va

--

UVa

20

V

Jan

$3.75 preferred
Wheeling St Lake Erie Ry
5 % % conv preferred

Nov
Nov

Jan

35

12 %

89 Va

37

Dec

Jan

31% Jan 15

.12.50

Instrument

Apr

35% Jan 13

No oar

...12 Va.

Elec

Nov

Feb

56

87% Jan
50

38%

96% Feb

Jan

Westvaco Chlorine Prod

2,600

7

A—.——*.100

Preferred

Weston

'

56 Va

series

Westinghouse Electric Corp

700

75

33%

22%

*141%

Va

38

t

»

16%

•

t.

Preferred

Westinghouse Air Brake

3,200

/

.107%

55 %

92-

33%

34 ;

L

104Va. 104%

40%

16%

;

•

104%

*30%

•

*70%

•

53 Va

4,200

29,200
II;
550

44

'48%

*106

107%

*106

107%

*106

55%

;

-

Dec

Jan

:■

32% Jan

127% Feb

Western Union Teleg class A .No par
1
Class B—
—No par

.

38%;.38%
*106%, 107%

38%

3874

L

47'

*106% -107%
75.
*70%

♦106% 107%'
70%
70%

75

43

47%'

.47%

,

37%:; 38%

*44

,

12,800

«

.

1,100

.

37% v 38

36% I 37%;
•
44%

43%

47 Va

96Va

51 Va
52%
*31
> 33

•

38 %

37%'

96%
:

32 JA

46 v

107%
.

103%

'

*30 >A

X37%

44%

'

103%

32 Va

37 Va

38 Va

•70%

58

51%

36%

38%

*106

107%

56

96%

51%

37%

*106% .107 Va

75

*70%
♦106

96%

51%

48 Va

-

-

38 Va

37%

*106 V8

96%

50%
*30 Va

38 Va

37%

38%

■

32

37%

38%

37%
V

52%

*30

53

38%

96%

96

50%

16%

•113%

'

I *94%

Dec

47%

109%

1

10% Jan

33%

Jan

May

101

11

47

Dec

100%

6

113% Feb

Western Pacific RR Co com__No par

Nov

32

23% Mar

5

118% Feb

2

Dec

21%
'

84 Va

10

29

Supply Co..
10
/Western Maryland Ry.——.^.100
4% noD-cum 2nd preferred—100

Dec

50

24

11

10

441

Dec

35%

Mar

30%

1,

Jan

105%

9

23

Auto

1,800

.53%

20
•

31
.

Oct

Mar

14% Aug
24'A Jan

Jan

,

110,00a:

" 30

53%

Western

160

13

112% Jan

West Va Pulp & Pap Co
No par
6% preferred
100
Western Air Lines, 'Inc..i.—.•

1,800

7

' 61%
11% 112 •

29

tit

;

,

1

61

11%

52 4

—

30/31

61%

llVa
•«:

*114

30

Dec

29% Apr

7 43 Va Feb

115% Jan
110

16%

91%

117% Jan

..100

pfd..—100

Dec

7

87% Feb

;

Jan

West Penn Electric class A—No par

Feb

14%

7

41 Va Feb

Jan

140

20%

6

16»/b Jan

Dec

Sep

Jan 16

-34% Feb 15
47% Jan 31

11

110

Sep

8% Oct

1

Jan

Dec

Dec

Jan

8%

8

50

Nov
.

110%

61% Mar

5

87

'Aug

4 19

14.

33% Feb

130

West Penn Power 4Va%

V 105

Feb

22% Feb

.

Jan

36% Feb

Jan

14

'

64

6

30

a

Sugar Corp

Feb

18% Jan

,

...1

Inc

9

117% Feb 15

Jan

Wesson Oil & Snowdrift_-__No par
I 14 conv preferred~_-.-^^JVo par

60

Nov

165

No par

Bros

120

43%

Jan

18

2,400

f

1 Nov

Jan

42

1;

Dec

55

36 Va

30

83

par

No

preferred

Fdy & Pipe_

West

Nov

Jan

45% Jan

165

100

Warren

7.600

Dec

122

Webster

42

81

5

Wayne Pump Co....^^.

119Va

41% |42

1 114%

29%

61%

60

40

Jan

par

preferred

Warner

200

Dec

59 Vb

25

3,800

7

Dec

8%

21

29 ® Jan

89 %

Dec

45 %

Jan

Washington Gas Lt Copar
Waukesha Motor Co
3,11

114%. 114%

41 ,1 141:11

I
1

29 Va

29%

*87%

99Vt Jan 28

Jan

'

114

114

29J/a

29%

89%,

111%

>118% 118%.
40% >41%

*117% 118%
40%
41%
*114
115

"

*867b

:

47% Jan

2,300

1

103

Jan

3% Mar

15

80

1

14%

44

1151; Feb

120

1.

43

14%

,45

Jan

24%

29

1,800

45

/ 14%

Dec

No

Warren

1,000

Dec
Nov

90Va

18

12% Jan

24%
71
104

86

No

Baking Co mew
5%%, preferred

•

Dec

13 Vb Apr
48% May
Va Mar

9

44'/4 Jan

23

200

28,500

32 Va

32

33
*32%

;

,

34%

100

500

45

*21%; 21%

10
28

Feb

3

23

Ward

130

Jan

Dec

12

4% %. preferred—..100

Dlv redeem

"v.

,106%
/ 35%
36%:. L

Dec

Nov

16

.100
100

pfd

1,148%

23% Aug

Dec

22%

Jan

.'•;

Nov

52

50%

Jan

5

Dec

200

Jan

6% Jan
77% Jan

1110

Mar

110

•

1

Jan

13

Jan
;

Jan

Mar

75%

32

139

100

Walworth Co

"2,800

106

112

Dec

100

21,300

;

190

2

par

Detinning Co

Walker

2

Dec

9

4

24% Jan

Jan

104':Jan

Jan

178

8

.

28

Jan

3

Pow

400

17%

13%

4%

22% Jan 17
"66

Jan

15

101% Feb
188

Jan

16

7

14% Feb

31

100
No

Preferred

10

1,300

121% v

16%.

3574

*44

v

C

109Va
107%

105

preferred

Chemical

Wabash RR

1,200

Nov

50%

28

3

Waldorf System
Walgreen Co

1.100

41%

*108

109%

X21

21 Va

500

84

19%
'

3474
1

47 I

/

,

40%

19%

106 %: 106%

35%

*44

*20%

190;

<

Vulcan

-

132

14

14

9% Jan

100

Virginian Ry Co
6% preferred

45%
200

>

84

84

13 %

;>

106% 106%

20Va

*172

207s

20%
16%

46'/a

*44

20%

190

41%

104

13 Va

13

-1

•45

&

Nov

29% Jan

2.50

dlv partic preferred

El

Dec

160

52% Jan

...J7o par

$5 pref
Va Iron Coal & Coke 5%

"90"
50%' 51

f 160',-

19%

Va

,

200

*108

102

100

20%

15%-

84

6%

92%
.122

Oct

'85%
H

Jan

50

1

Co

non-cum

Dec

89

Jan

15

Oct
Oct

*77 Va

Jan

97% Feb
163% Feb

par

Chemical Co

5%

v

Jan

3

..100

Pictures Co

Va-Carolina

1

176

1

Victor Chemical Works

%

107/a
•"

145

x41%

1:

•

Dec

73%

..1

Vlcks Shreve & Pac Ry_

*78

50%

44 Va

84

19 Va

41%
41%
*108 Va 109 Va

103

*20 Va

13% "14- .'•

20%

41%
109Va

Va

90

i;*172;,;.

*82'*'
41

'

,122

-122

*160

84

42

91

50%

20%

42

92

; 42

10%

*78

V1

44%

*160 1

42 %

122

51

*44

200

115

1

42

Vick

Dec

7%

21

Vertientes-Camaguey Sugar Co_6%

112
115

48%

Jan

7% Jan

Van

85'%

111 Va

Nov

Jan

154

Van Raalte Co Inc^..—........10

24 Va

*

83Va.

.

10%'

11*90:l

90

,

50%

*160

84

10%

122

121%

:

84
115

-I- 4211

94

*92

•

112%

111 %

10%

10%

2374

24

*112

41% 141%

42%

10%
*99

1

X84 44
*

1; *111'-1' 112%

42%

*19%

24

,

Dec

67

-2'A Mar
51 Va

6

84% Feb

57

Jan
Jun

27%

7

15'

Jun

11%

Jan
j,

par

Inc

preferred

Norman

7% Feb

Dec

3

Vanadium Corp of Am

33

10

Jan

Dec

.1
No

Laboratories

Universal

974
46

187

22

Jan

35

5

74% Jan

3

71% Jan

25

Preferred

3,800

11
15

Feb

50% Jan
1

5

3

79% Jan

774

Nov

28

30% Mar

8

12% Jan
70

13

Jan

29

58% Feb

7

'•••

Jan

i 18% Feb I

12

84

Dec

1374

11

Jan

173

Universal Leaf Tob-..._...No par
>

10

Jan

6 Vb Mar

"

24%

*114

107%

5% Jan

23

,

Oct

65 Va Jan

52 Va

221/2
*51

103 Vb

43% Feb

par

preferred

Universal-Cyclops Steel Corp

180

.

i

46

37%

:

Dec

21

10% Jan

.No par

preferred

conv

Universal

200

102 Va

•45%

22%

51

600

10,900
I

70Va

'.

1 .200

*191

45%

.44%

1/1

14 %

101%

102%

*190 11 ,2004m

45

26%

70Va

•

$6

Nov

'

4

52% Jan

100

No

112

Oct

26%

13% Jan

-

.....__._,...10Q

non-cum

Dec

Jan

36% Jan

1

.50

Tobacco Co

52

11%

10% Jan

......50

Corp

Mar

106 Vb

Nov

Feb

10

Smelting Ref & Min

23

Jan

Oct

25

29

par

1st preferred

110

51

....1

—No

United Stores class A

100

22

Dec

Jan

29

CO Va Jan

Unitejl Stookyards Corp

13,600

t

.

"12%

26

12 Vb
64

195'

46%

1H

17%
121

2

68

20

f

Co

non-cum

7%

13%

Dec

52 %
120

13% Jan

28%

.10

preferred

50

IT 3,900

6

Jan

30% Jan

109% Jan

No par

Preferred

U S

Feb

10% May

4

199

5

cl A

17%

8974 Mar

3

'

9

*116

1

l\ 2.300

51%

'

16%

120

1,200'

33%

29

Jun

Jan

23

par

„

U 8 Steel

34,800
.11

28%

8%

17

*115

,26

*50

■

28

Jan

Jun

106

conv

Rubber

U S

700

Jan

58% Feb

4

14%
88 Va

23

20

conv

;Jan

111% Jan

100

Plywood Corp........

S

15

56

Nov

'

Jan

20% Feb

■

95%

8%

No

preferred

8%

3,400
-

163%

28%

28%
51%

8%

16%

12

.

.

*50 1

9

'

162

28%

51

94

162

93%

162

161 Va

23

115

U

600

88 Va

109

10

1U S Realty & Impt...

9,400

80%

88%

U S

24.400
•

88%

37%

♦106 '

'

7

Jan

66

118

48% Jan ; 3

100

Preferred

2,2,00

:
•

7%
70%

*182%

187

51

.

45%

1

com

No par
-No par

U 8 Pipe &
Foundry
U S Playing Card

100

9V8

17

"

Freight Co

Partic &

28

Jan

728

U S Lines

; '
700
•■/>'■ 1,900

58%
68

II 7%..
1x69

•

70%

900

16,900

12 Va

57 Va
*66 Va

7 Vb
68 Vb

40

'18%

18 Va

11%

57%
68

51

1

,

12

2274
^

-

88 Va

*190

194

45%

48

18%

44% 145 11

121

-

101% 103

45%

39%

Dec

16'A Jan

3

preferred
50
U S Industrial Chemicals—..No
par
U S Leather Co
:
.....No par

2,200

29%

23 'A Jan

Paperboard

5%%

2.300

:

79

15 Va

63

194.

>,

88 Va

*115

12%

63

200

59 %

12%

7Va

.26

26%

*101% 104'

58

12%
39%

79 111

8 Va

12%

*195

10.

50%

Jan

3

U 8 Hoffman Mach
Corp

1,600

12%

56%

44%

51

26

26

68

V

57%

*66 Vb

28%

51

26%
63

.

185

90 Va

16%
121

*116

30

68

Jan

157a

7

U 8 Gypsum Co

7%

38%

1

% Jan

i,3oo

.

.

30

85

,

3

48

Nov

5

Jan

31% Feb

110% Jan

U 8

•

12

08 Va

161 Va

9

16 Va

120 'I

120

29%

69%

5

$ per share

Jan

54

7

16% Jan

5

No

Foreign Secur
$4.50 preferred

'

94 Va

v

29%

18 Va

.

—

73 Va Jan

1%

par

1,300

;

117 % 117%
'*204 1--L
'•

Cos

U 8 &
•'7

3

29

Highest

-

$ per share

7% Jan

Improvement Co.-.13%

Gas

United

,

'' '

—'

Coal

Co

United Merch & Mfrs Inc
5% preferred

800

»

27

76%-,

,28%

8%

.

.

?• so

107

88 Va

,

162

28%

51%

9%

56%

69 Va

77

*88%

Electric
Fruit

il 19.400
>;
590

12 "/a

I 29

27 %

26%

12%;
x38%

68

43 Va

7%

-

185 Va

187

56%
66 Va

46

7Vs.'
•67

69%

L

69%

44%

^6
7%

7%
*67

57

*66

■

57%

12%

'

107

115%

29%

39 Va

55%

,

100

Lowest

$ per share

25% Jan 7 7
12 Vb Jan
2

„_..i

Year 1945

Highest

3

47% Jan

5

Engineering & Fdy

United

5,900

109 Va

12 Va
'■

27

4467:44

.

-

12 %
39

68

106%

26%

59

13

*12

27%

106 Va

29 !'s

39%

109 Va

12 Vb

114

12%

12 Va

110

26 %

*204

39%-

11%

Dye wood Corp....

United

11,600

'

__

17% :;-17%

Li

27 Va

55

4V8Jan

par

....

United

4.200

.

•

1174
-

1;1 1

69%

*67

59 Va

58 Va

1

$ per share

No par

Preferred

-w

3,500

26%

No

United

20%
114

54 Va

I

.53%,

110

L

V

12 %

12%

20%

paf

Corporation

United

1,900
i^

82%

113%

26%

53

115

114

30 V
69%

*67

69%
1 58% >58%

26

*204,

*29%

*67

107

25 Va

*204

Lowest

S3 preferred
United Drug Co

7,800

*52% I 53 Va

53 %

112%

26%
:

27%

106%

267/a

*115%

"

*109% 110•I'M:'12-Vv.1^

12 Va

28

—1l

*40

20%

*52
«

.

26 Va

*79

112

•

112

53%

27%

Range Since January 1

-

,,

United

30.600

..

14%*' 14%'

;

14%
82%

?V

20

109%

117

30%

14'A
*79

:

.

117,600

50% A 50%
'; 30 :":1 31

50%
7 30%

30

Shares

6%

6%

6Va :

50'A

1>

•

27%

26%

*204

*■ ,i

$ per share

'

107

26%

50%

20

*51

12%

*106%

1

54

28 Va

28 Va

20

ii3%

27

1

%

'52%

110

*12

,

1

*52

112;

53% L 55

*109%

20%

20

54 >/a

29

5%

■1

29%
14%

114Va

LI

*

5%
50

20%

114

6 Ve

$ per share

y

*14

14%
*79

83

20

share

14%

15

•79

6%

Range for Previous

STOCK

-

$ per

1 50% -51%
1 29%
30%

51 %

30% ' 30%
14%

$ per share

YORK

EXCHANGE

"

$ per

RECORD

'v

4

38

Jan

28

13

Jan

23%

Dec

21

49 Va Jan

30

32% Jan

47%

Dec

4

27'A Jan

31

13Vb

Jan

24%

4

35 Va Jan

17

19%

Jan

31%

Dec

7 4'/a Feb

5

39 Vb

Jan

70%

Dec

Mar

277/b

Sep

44%

D«c

12%

Dec

43% Jan
22

Jan

28

Jan

65

Jan

25

Jan

2

38 Vb Feb

11

1074 Jan

3

---

'41

31

Jan

15

.■

29

42% Jan

.v-

20

Oct

-'••/I'l ;•>,•;
—-No par
—

'

mrrt Whein

—1

distributed

-

•

•

1374 Feb

x-Fx-dividendi.

v

.

6' v-

34% July
5%

Ex-riabts

Jan

1

THE COMMERCIAL &

Bond Record «» New
„0T.CE-Prr.» ^
anc! when outside of
week,

the

tne regular weeaiy ittUKc

letters in tee column
letters in the ciuuuitt

The italic
The italic

headed "Interest
-

}

Treasury

3%s

XS"}?}®
^-XlS'iaSi
XJi'iqS
——}®5W955
Info "i n??

3s.
3s
2%s
———
2%s
2%s—_

Treasury
Treasury

Treasury
Treasury

Treasury

2%s

Treasury
Treasury
Treasury

j-d

106.2
105.26

106.3

M-S

106.1

Treasury

23———

XS'iqX

'61 %

62

'61 Va

62

60%

61%

Series No.

28_.

*61%/ 62

60%

'63%

*61%

61%

62

—

V

29—

30.

No.

—

:

Dee

Treasury

TreS .*£—
2S

Treasury

2a

—

103.10

;

103.20

'102.18

102.20

'102.6

102.8

external s f 8 bonds.

'103.21

Carlsbad

(City), as.

(Rep)

External s f 7s

A68 assented

103.14

'103.17

103.19

'103.25

103.27

'103.27

103.29

'103.31

104.1

*104.13

104.15

'104.20

104.22

j-d

'104.23

104.30

j-d

'104.28

107.21

j-d

'101.28

101.30

110%

112%

111%

114%

5

101%
63%

101%

y

•

24'%

52

22 %

22

26%

%"•/ 25 %

23%

24% /

23%

23%

Sep 1961
Sep 1981

23%

24 Vb

'■/ft. io:

23%

23%

SISp

23%

24

.Jan

sinking fund 6s

6s

27

^.Jan 196r

assented—

A 6s assented

•

ilfs
-:'j •'

.1963

ASinking fund

Il961

6%s

*-

A 6s

22%

26%

«h<w»

HI21
0/i;(

23

19

:

22%

Hp

■

23^

"

assented

igga

22%

7s—Il960

r

(Hukuang Ry)

5s

(Republic of)—

23

8

.1981

22%

22%

21

iggo

1*34;'

"'■♦

ftft'ft^ftft

22 %

37%

■:
[h

1

12

'/ft/ft;'.

V';f:

,

V;i

A 6s

of

1928—

^Oct

1961

81%

81%

A 6s

of

1927

.Jan

1901

82%

82%

10

.1970

61%

61%

47

38

external

f f bonds

s

ACdlombla Mtge Bank
6%s^p».«^r.i947

'50

ASinking fund 7s of 11028^^^.1948
ASinklng: fund 7» of 1927.^.—1947

*50

/

21%

ft

1901

A Chilean Cons Munlc

Colombia

.

23

io«o

St A 7s assented
ACbinese

■

1961

assented

,AGuaranteed sink fund• fia

-

'

25

22%

to«i

,

AGuaranteed sink fund 6s
A 6s

Foreign Securities

■

26%
26%

21

1961

21%

+->

■

AChile Mortgage Bank 6%s.—.1957
A6%s assented
to ft 7

,•

•

■

23%

AExternal sinking fund 6s—.—.1963

..

26%

•

AExternal sinking fund 6s..—..1962
A 6s assented.,
;
—1962

120%-124%

23

21%'

14

/;■

1961

a

102.5

63%

22

24

23%

jpHQ

Feb

1 hs..

s

assented

AExtl

••

124% 124%

,

13
21

ft:'//:ft

I960

,

assented ^.

external

A 6s

,

124%

'"■•■ :

sinking fund 6s.—^Peb 1961

A 6s

Awr

York City

New

,

*25

iq*q

.A6®,48 assented

jra nslt Unification. Issue—
3 % Corporate ptdck————1980

78

61%

,

'102.3

18

113% 114%
101% 101%

.

j-d

1
■',;'■■ 2

112%

112

1942

104.30

'107.19

112%

.195*

AExternal sinking iuod, 6s.^
AExtl

103.23

'103.12

j-d

2s——---1953-1958
Treasury l%s—
——June 15 1948
Treasury ft l%s
luou

'

*74 Va

(Dom of)

^s assented,.:,..;.,,,,,,

$

j-d

Treesury

91

1984

,r.

30-yr 4s
1960
25-year 3%s—1961 •'•
2%s,,..Jan 15 1948 >

103.21

103.12

M-S

,

91%

9 4'/a

,

■

20

93%-

a Chile

M-S

.

-v'www

.

90 V,

93%

a

M-S

Juue 15 1952-1950
—Dec 15 1952-1954

Treasury 2s

101%

102% 104

'95% 110

1978

107.6

j-d

Sept 1950-1952
———•——^5,

Treasury 2s
Treasury

103

102%

100

93%

109.30

j-d

March 1950-1952

103

62

102-

3%

—

1—

Treasury 2s

62

63%

•62

1

"

' 101

91

Canada
ft

M-S,.

;

1

62

102

'

iqvh

'109.28

j-d

1948-1950

2s
Jun 1949-1951
"2s:i———.----.Sep 1949-1951
2s
•—■—Dec 1949-1951

Treasury

-62

101

i 4%-4%s.—.1977

s

.

Treasury

J/a

61

63'A

"

1970

'107.4

i

61

•

read] 4%-4%s_
External S f 4%-4%s —_

106.5

MS

•pft .61%.

61'/a

611/2

•*—

«

lQRi

;

_

External

'106.3

j-d

62

*61%

Eefunuing i f

107.22

j-d,.

.

(Province ofl—

stamped_i

'107.20

j-d

63'%

63%

27

...

109.19

M-S

.

'61'/a

61%

60 Vb

26__

104.31

& j-d

62

Series No.

j-d

:

62

60%

60y8

Series No.

j-d

l|J5l-*9M

-

3%s Series No.

104.13

104.31

j-d

.

62

61 %

24——
25

*109.17

us

1967-1972

60%
60 Vb

62

61 %

—

03

■

104.30

-104.11

j-ii

No.

External

106.1

V

22_____

63%

63

•/

.

61%

63

r,

62

'61

No.

A6s

,}

106.2

M-S

High

61%

62

-

'61

-,'

y

Series

Buenoa Aires

105.30

ft

19^6-1959
2%s_——June 1959-1962
2%s
.Dec 1959-1962

Treasury

v

.

/

20—*—;

Series' "No.

(City) s f 5s—
;„1957
Sinking fund gold 5s—1958
Sinking fund ynld A«
ft/ft ft-IORft

106.22

105.30

'61

3%s Series No. 21_.

3%s Series

107.5

'106.20

Low

>62

'61

Brisbane

110.17

'107.3

,,

£

19_

3%s Series No.

.

'110.15

J-d

2y*s

Treasury

107.10

M-S

Dec 19b (-19(2

2V»s

Treasury

107.17

'107.8

j-d

;

June 1967-1972

lis..,
Sept

2%s_
Treasury 2%s
Treasury 2%s_

106.16

j-d
:

-lb

"

104.24

'107.15

January 1

No.

3 %s

ft

'106.14

Range Since

Sold

•

High

3 %s

,

,

A

117.1

113.29

'104.22

< '■

3%s

116.9

MS

ft.

No.

3%s Series No,

'116.31
,

Low

,

'113.25

M-S

-

*

2 VaS——-u.--June 1964-1969
2V2S
Dec. 1964-1969
2%s -—
—
Treasury ?%s
-—
1966-1971
2%s——

109.25

M-S

Treasury

Treasury

'109.23

j-d

-ft

Treasury

TtHZ,

'104.9

104.11

'116.7

Series

•

1

Bonds

Bid & Asked

*61

3%s Series

115.20

Sale Price

17

3%s

j-D

Treasury

Treasury

115.20

;

.

j-d

—''^3-1968

—

111.20

f,

No.

3*^8 Series No.

100.29

US

v

Xsai958

Treasury

108.27

'100.27

'111.18

j-d

Series

3^48

-

•

(Continued)—

3%s

'108.27

MS
k

1951-1954

Treasury

Treasury

./ ft

MS

'

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.'//"Lastor Friday's

'

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$

■

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,

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3%s
•

100.30

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1948-1951

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U-S

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Brazil

High

Low

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' 100.9

'100.28

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rr-1958-1963
2%s
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2%s
2 %s——~
1949-1953
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2%s
2%s
1956-1958
2%s
——1962 1967

Treasury

'100.7

j-d

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Period

106.8

MS

JoJr"iq4fl

3%s
Treasury 3%s

York

January 1

Sold

External
'106.6

A-0

Treasury

New

Range Since

Bonds

High

Low

4*/4S

Treasury

Sale

Period

/ V" ' \ '

BONDS

Week's Rang©
or Friday's
Price
Bid & Asked

Last

ft, i:ft/~

,

the month wh«n the honde mature-

"RANGE FOR WEEK ENDING FEBRUARY 15

V

Government

S.

»—,««

Period" Indicate to each caw

t

Interest

YEARLY

-

Friday

',/////// 'A BONDS / /'/ft//////'/'/■
New York Slock "Exchange
U.

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Monday, February 18, 1946

York Stock Exchange

WEEKLY

FRIDAY

"

FINANCIAL CHRONICLE

52

1

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Teletype
NY

Broadway^ New York

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loan

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1949

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1957
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1961

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1969

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1957
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1958

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-

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belgium

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Customs

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1948
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1957
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1945

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FOREIGN SECUBITIES SPECIALISTS
.

-

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1

|

50 Broad St., New York 4, N. Y.

-

>

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.

- -

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63%

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Telephone HAnover 2-0050

•

Teletype N. Y. 1-971

103

Volume 163

THE COMMERCIAL & FINANCIAL

Number 4465

,

YORK

NEW

RANGE

To dealers, banks,

individuals,

BOND

WEEK

ENDING

RECORD

FEBRUARY

II. II. KiMIX &
11

Railroad

-

Bid & Asked

Friday
Interest

'Last

•

Period

Low

A

Assented

to

Nov.

1954

1942,

agree
1945

18%

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A Assented
to Nov. 5, 1942,

%

agree

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to

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1995

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1

27

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A———1964

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1947

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1958
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36

1961

108%

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.-I960

107%

126

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65

152%

.

?

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,

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4s

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1964-

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?

102%

101%
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1947

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Atlantic Coast

102%

100%

108

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Jan

1995

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&

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9 *?•-,

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.—1994

to

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101 '/a

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104
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.

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1963

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•

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;

—.1958

—

Co

Co

108 %

January 1
\ Low

No.

Telegraph Co.-

debentures

&?

M-S
M-S

Range Since

Sold

Bid & Asked

102%

—1980

debentures

Armour

msa

1956

4%s

a

40

39%

1

&i

-

*

.

Bonds

Friday's

or

a-Q

6

Teletype—NY 1-310

Week's Range

1

Last
Sale Price

—2030

debentures.

'lobacco

3s

?

.

.

(Kingdom of)
fund

Friday
Interest

1998

debentures

2%

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,

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conv

2%s

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.

(State;

Apanama (Rep); extl
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3s

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1970
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;

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•

11

18%

-.1959

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*

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,

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12%

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•

'

'

Alleghany & West 1st gtd 4s
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New

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lint

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1933

t «%*

s

Exchange

Period

January 1

(State;—

;ASed external

A Sec

Sold
No.

12%
11

12%

5,

Assented

Stock

Bell

BONDS
New York Stock Exchange

Range Since

Bonds

High

'

5,

A

York

Low

Mexico—(Continued)—
AAssenung 4s of 1904__
AAssenting 4s of

New

Telephone—DIgby 4-4933

Week's Range
or Friday's

Sale Price

BONDS

Membert

Broadway

i? •?'??>? 61

'i? i?'?*/?.''?''

1926

Reorganization Securities

PFLUGFELDER, BAMPT0N & RUST

"27 State

ESTABLISHED

Exchange

co.|||§te

St., Boston 9
Telephone: Capitol 8950
.
Teletype: BS 169

Broadway, New York 4
'
Telephone: Digby 4-1388 ?•?"?%
Teletype: NY 1-86
*?

Stock

15

on

E-COUNTER SECURITIES

New York

921

institutions, lawyers, executors and

offer our services for quotations

we

FOR

CHRONICLE

M-N

95% ?? 93
86%

,

^

'

'•?•

V 92% = 96%

652 ; ;, ;

75%

.

88%

.

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1946

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——1936

—1950
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...

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87

88%

142

?; 54

55%

16

Term

48%

1955

105

98

10

18

5s

57

104

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1952

65 ?'

55

54

deposit—

88%

85 ^

;

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106%

■■

'

100%

?- 104% 107%

3-J

,—1956

...

105%

57

J-J

...

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of

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•

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r

at

-

Stamped pursuant to Plan A
(lnt reduced to 2.5% )_^-w-wl999
*

(Interest

3 % to May 1, 1947) due---—1957
IBurlington Cedar Rap St Nor-—
SAlst & coll 5s?-—-—--—-—.1934

u.—1957

(Statev 8s

A8a external—

—

modified

Stamped

ACertificates

fASan

*105% 106,7«

Ai%?%%1947=

uuiiaio Rocnester

2%)..—.<.-2012

to

f debentures

r

Buffalo

1952
■

Stamped pursuant to Plan A
(Int.

4-?

2.375% )___2001

to

A6%a extl secured t t-

•

/,

99% 100%
100% 101
•

131%

1960

Bklyn Union Gas 6s series
Gen mtge s f 3%s

runot4s——i«H4

Paulo (City) 8S-——
Stamped pursuant to Plan A

v

?

100
101

Bklyn Edison cons-M 3%s————-1968
Bklyn Onion:: El 1st gold- 58^.—1950

to 2.25 %)—2004

reduced

fASan

f

3-J
3-J

,I—*1.1.1970

•

(Int

;

?

•

104

102% 1035/a

-

Banta Pe.external sins

.*

ser

101.

?

.••"•»- 9

103%

■

municipal loan
—?1967
Stamped pursuant to Plan A

;

,

A_._—July 1970
t A Boston & NY Ait L: 1st 43—.
1955
--vJ
:?•? ' ■ ■
*?"■?

—196$

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Corp—

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r?;;:

—.v—1955

Alnc

2.25%.2004

to

Steel

mtge

1 102% 103V<

?'/ 103

—

1956

lst. M 5s series II—
1st gold 4%s.series JJ

>

45

*42

?

102%

1951

debentures

Boston & Maine 1st 5s A C

1968

1926

1st 3%s

j| 1st mtgs 4s series RR

'W—■' i *v*'^*?'/?

3-J

1959

?

.

pursuant to Plan A
(lnt reduced to 2l% )?U--?k2012

,

Beech Creek Extension

3-J

\

1950

Bell Telephone of Pa 5s series C__.1960
Beneficial Indus Loan 2%s.,:
__1950

Stamped

;

due.

;?Bangor A Aroostook RR—
:^';Ci»n'Yef 4s——.—^——4^-1951
4s stamped—-—
—->—1951 :

42

45

CKlii

45

1947)

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?;45 ??!?:?

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—

1

Jan

-

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32

to

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45

3

41
•

■

•

extl loan or 1921

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45

41
44

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(lnt reduced to 2.5%)—,-1999

,

;

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,

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.

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30

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103

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to

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.——*1953

'

;

; y".''.."

2006

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1

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"

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exn

aollar

loan--.

3-J

California

3-3[

_1968

Calif Oregon Power

Stamped pursuant to Plan A?
(Int

reduced

| A Secured

■

a

I

..

to

Canada

2%)——2012

3-J

7s; -——-1940

Guaranteed

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m

(Int

'

reduced

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<k

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series

7s

ASilesia

B

1962

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18%

extl

1962

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17%; 17'A

sec

iProv

extl

of)

7s—

(City 1

Sydney
A

Uruguay

s

J-D

1958

A4 Vas assented

;;

18%

(Republic)

extl 8s

-1951

F-A
J-D

Can

19

jtzxCarolina Central 1st gtd 4s
Certificates of deposit

J-D
F-A

,103% 103%

F-A

*115

"M-N

*110

1946

19

Pac Ry

117%

Ry deb 6%s—11946
deb stk perpetual-

35

*10%

1958

1955

f 5%s_.

4%

116%
fc'l

i

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101}j!

.

108%

16

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•—

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,.1949

116'?

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123% 123%

i?-?.

122:

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*> ?'

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,

4

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gold

?

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.

117% 117%

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108%

■

*

?

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J-J

1955

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Canadian

1

,

?; *?v ? ??'•..:? ? 107%
124

--1956

gold

Guaranteed

?

—

*108
-"123

123

J-j

1969
1970

gold 5s
gold 4%s

Guaranteed

Guaranteed

external—

secured

A

■

AO

iKJngdomi—

—Oct

5s

*108%

A-O
M-N

A-O

cons

gold

Guaranteed

3.5% )__-—1978

to

Slovenes

.-19741

3%8——

gtd 5s A—5962
National gold 4V2S
1957

Canadian

A-O

Elec Power. 3%$—.——1968.

Soucnern

??r:i?
:'-r -::Z

—
■

6s.:?;

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-I960

;.'

Carolina Clinch

-

Ohio

&

—1965

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3%s-4-4y«%
External

6s..?

fund

sink

($

AWarsaw
-

■

.

1978 ?; ;? J-D

.1978

■*;.:

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89%
--

-

i

'

?

88

,?:

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20
*16

J-J

'

90
86%
87
ri¬ 89%

tCentral of

95
83

18

17%

?-

15%

gtd cold

1 A5s

series

A

stamped.

_

_

?

1907

—1953
—

—

J-D

1948

M-S ?

1947

Great

Alabama

Power

Albany
6s

1st

mtge

with

warrants

3%s__ —1967

—

RR 3%s.

mtge 4%s

For

footnotes

—

—

page




924.

.

J948

'iiV-.'i.

A-O
1

194?

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A-O

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gen

17%

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Div

j'.T filiWy.
.'.i

1945

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1945

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1959

tunu 371:4

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—1959

gold

gen

1948

■?•?...
Nov

5s

pur

gold 5s?

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116

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101%

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105%

108%

21?-

107

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102

102%

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114

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105

%

?

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116

Eng

of N J

1st gtd 4s
gold 5s

gen

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54
\ 57%

1961
•

..1987

?

,-1987
1974
Central Pacific lst^ ref gtd gold 4s_1949
4. Guaranteed
gold 5s
A————I960

—-

:

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& ref

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—

—

series

A

*107

...

109% 109 %

106%

? 106

lC6Va

108%'
104%
61%

60%
56
52

50%
107%

108 %

108%

110

105

106%

.

1

:

to Aug 1 1949)--

?;

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251

•

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'

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Y

.

: •

302

52

registered

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57

53%

?:

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;:f~7

8f

41

44%
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m 49

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26%
**

76
■

1987

■?

21%

22%
=

108

*108%

—1966

—•——1987

4s.

V.-l

37

—1946

Light 3%S—

105%

74 %

23%

jwitf?

io

gold 4s„ 1951

money

103

*104% 105%

' -A

,*103

J-J

1948

—1975
see

': X

M-N

3%s__ —1972

assented

fit Susquehanna

.e

F-A

Perfor Wrap Pap 6s

Albanv
Gen

Southern

107% 108

107%

•

J-D

10-year deb 4%s stamped
Alabama

-..1981

——1965

gold 4s

Companies

Express coll tr gold 4s

Coll trust 4s of

1st

P

mtge 5s

Central Illinois
Adams

4sJ

debs—

U

Georgia Ry—

5 A Con sol

:.83?ri
1

A 1st

92%

13

1st

Corp 3s

89%

4;

Industrial

Adir

Branch

ACent

se

20

F-A :•?.

=?;;?;

90

F-A

.

1 '?■

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-1958

7s

24

89 'A

88

92%

?■;■

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.

V

A4%8 assented

&

Cart

--

89%

-1958

readjustment
(City) external

Railroad and

??

Celanese

88%

88%

t

M-N ?.
—

3Vas extl

*110

---V

■■'•{'■

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conversion

? 3%-4 %-4 A extl conv
t j 4-4V4-4%s extl readjustment
?

?

*

1937)

readjustment

Exiernal

.1964

.1979 ;=:.

bonds of

—

-1974

•*113

113

113

THE COMMERCIAL & FINANCIAL CHRONICLE

Monday, February 18, 1946

NEW YORK BOND RECORD
RANGE FOR WEEK ENDING FEBRUARY 15

Week's Range
or Friday's ;v .Bonds

Friday

BONDS

nierest

New!York Stock Exchange

Last

Low

5 A Central RR ft Banking Co— ;y-y
5s stamp (partial redemption)—1942
Champion Paper ft Fibre deb 38—1965
unesapeake ft Ohio Ry—
General gold 4%s——.—.—1992
Ref ft impt mtge 3 %s Du-———1996
Ref & impt M 3%s series E—1996
Potts Creek Br 1st 4s
——1946
R ft A Div 1st cons gold 48-——1989
2d consol gold 4s
__1989
f ACLlcago ft Alton RR ref 8s
1949
uusagi/jburilngtou ft Quincy RR—
General 4s
———1958
1st ft ref 4%s series B—*——1977

M-N

J-J

*128'/a

105

& East Ry 3%s...
El Paso ft S W 1st 5s:

i':'

248

11

116%
117%

F-A

3

105

102% 102%

35

102%

106'A
102%

49

75%

23

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106

—

102%

F-A

54%

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84%

85

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120

J-J

114

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;

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88

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99

93%

93

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coll tr gold 4s
—1990
*..——.1970

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19

4

105%

i.
;
.——1980
1961 i

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97
<

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1961

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2000

107

82%

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1956

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1958

28

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»

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32

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,

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84%
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-

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103

103%

45
: ys 20

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m'---

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non-conv deb 4s—1954
ADebenture 4s.——..
.1955

J-J

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J-J

1950

mtge 2788—1975-

72%

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75

v;.;-

104%

106

;

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59

48

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.

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106
104

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100% 104
100% 104 A

108% 108%
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—-1951

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;
v

1

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4

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95

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1963
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J-D
J-D

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J-D

t Alnd ft Louisville 1st gtd 4s

J-J

.-1956
Indianapolis Union- Ry 3%s ser B.1986
Inland Steel 1st mtge 3s series F—1901

Adjustment

A-O

A—*—1955

92%

51%

53%
87

M-S

\

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.—..1936

——1955

■

64%

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64%

76

:.v
'

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,:5o

,

106% 107%

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108

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27

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,

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92
92

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3

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•

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,

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10

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98

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5

96%

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M-N" 1

.

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28

64

Kanawha ft Mich 1st gtd

gold 4s..1990
City, Fort Scott ft Mem Ry—

A-O

66

73%

8

109

J ARefunding gtd 4s——-J_-*—1936
ACertificates of.' deposit
—

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73

68

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1st mtge 4s ser A__—_—_*.—^1975

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v,

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105

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—V.A

98

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101

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121

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J-D

J-J

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67

.1965

I9ADU Sou Shore ft Atl gold 5s
1937
1st M 3%s
—1961

*

106%

109

".

79%
77%

1

20%

72%. 74

:

848

^yy.'

63

■

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75

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55

20%

;

76

106% 107%
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3

16

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20%

15
.

•

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'

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79%

,14%

o.y- 5

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109

70.,

283

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20%

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110%

63%

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45%

'

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'

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106%

50%
'

•

105

i'y."
■

■
■

..

106% 106%

53
.




'

'. 109% 109%

Ptxiuesne Light

924.

75%
77%
17%
16%

...1978

A Second gold 4s..
—1995
Detroit Term ft Tunnel 4%s
—1961
Dul Miss ft Iron Range Ry 3%s—1962

page

v

73

109

.

y--;y;

Gen ft ref mtge 3%s series G
1966
ref 3s series H
...1970
Detroit & Mackinac 1st lien gold 4s 1995

see

103

69%

,

72%

Gen ft

footnotes

-'*100

20%

—

ARef ft impt 5s series B—

For

85%
96%

—^

96%

.

r':Y

Jones ft/Laughlin Steel 3'As.

gold 4%s————1936
IDenver ft Rio Grande Western RR—
A Assented

105%

82%

84

87

.

James Frankl ft Clear 1st 4s.

■'

SAConsol

f 5s__

114%

38

■

J-J

106%

102

J

M*7 5

89%

A-O

Called' bonds

104%
105%

1

:ys3%

J-J

,96

92%

M-N

M-N

s

106% 106%

Xyii, "my

A let gold 5s series C———1950
IA Internal Hydro El deb 6s_—*1944
Internat Paper 5s series A ft B—1947

1

11

.y Vi'K.'V1mm-n

92%

J-J

Debentures 5s—————1955

116 "'

;

103%

96% 100
■

-

yy'yvw

A-O

~—-1950

*112

100%

V:

1^16$;
.

105% 105%

-

•

J-J

6s series A—July 1952
B

'; ?[[ * * ■

i'. ■

;

28

96

105% 106%
;

).

M-S

Jlnternational Great Northern RR—
A 1st 6s series A——————1952

99

99%

95

105'A

AYYAy.','.',';';;

,

—May 12042
Delaware Power ft Light 3s
i.973

AGeneral

98%

A-O

mtge due..—.—.1993

4s

__

102% 103%

99%
,96

;

J -J

)

.

Coll tr 4-6s

8 A 1st consol

—

106% 106%

J-D

M-N

IDenver ft Rio

105%

105

*103%

Int Rys Cent Amer 1st 5s B——1972
Int. Telep ft Teleg deb gold 4%s—1952

—.1973

division

__

*101% 102

•

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97

96%

*102%

J-J

-

A-O

102%
107%

107% 107%

Illinois Terminal Ry 4s ser A.—1—1970
III ft .Iowa 1st gold 4s——1950

48

103%

104

104%
; ioi% 102; ;

-1963

Joint 1st ref 5s series A—

a

50%

101%

106%
106%

105%

;

111 Cent and Chic St L ft N O—

A 1st 5s series

51%

—

105% 106%

—1952

i.

Collateral trust gold 4s__
1953
Refunding 5$—^——.
1955
40-year 4%s—--i
-I960
Cairo Bridge gold 4s
1950
i Litohfield Div 1st gold 3s—
-1951
Louisville Div ft~Term gold -3%8-1953
Omaha Div 1st gold 3s——1951
fv St. Louis Div ft Term gold 3s——1951
-Gold 3%8—
1951
Springfield Div- 1st gold 3%S
1951
Western Lines 1st gold 4s——1951
mmRegistered
:
—

86

86 Y

Y .'XV!:

48

:

108%

104%

—

—1951
sterling.
1951
Collateral trust gold 4s——1952
Refunding 4s—
—1955

1st gold 3%s

ma

104% 108%

"

59

: 48%

75%

67%

73

/

113

—

Purchased

;

76

67%

..

83

,

112%

1st gold 3s

Ref sink fund 6s series

&

110

140% 142

-1937

1951

1st ref mtge 4s ser D

67

1:

106

J-D

:

A Deposit

receipts——
A Cuba RR 1st 5s gold.—..—.1952
A Deposit
receipts.....————
?'
A7%s ser A deposit rets
1946
A 6s ser B deposit rets.——1946
Curtis Publishing Co 3s deb
—1959

76

76
75

107% 108%

J-D

IA Cuba Northern Ry 1st 5% s—.1942

J-J

103%
104

108%

Illinois Central RR—

104% 106%

6

108%

M-S

Continental Baking 3s debs
*.1965
Crucible Steel 3%s s f debs—.1955

,*73

'',y

102%

Feb 1957

"-f: 1st ft ref 4 %s series C
Ry

17%

103

103%

103

—1999

AAdJ income 5s

Extended

105% 106

:

*106%

16

103% 104%
105% 106%.

103% 103%
109% 110

Illinois Bell Telep2%s series A—1981

108%

51

102% 103%.

ll-yy

J -J

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107

—

16
16%
*104% 104%
106% 106%

•

A-O

debentures——

Morris

,

107

104%

80%

108%

J-J

debentures..—.

*

108

105%

107

;

—

F-A

3%s

.*1948

ref M 5s ser C

106%

?

45

110

-106%

F-A

3'/as

ft

106% 109

„

106% 107

37

.115% 115%

3

•

M-S

debentures—..

1st

.109% 110
106% 107%

109% 109%

106% 107%
106% 106%
*106%

1990

1st gold 4s

A-O

3%s

r

139%
132

75

I ..."

.

108% 109
107
107%
106 Ya 107.

.

83%

J-J

Consolidated Edison of New York—

—

122

136%
127%

r

•y:A/.y:yy

110'/a

J-J

...1965
Delaware ft Hudson 4s extended—.1963

121%

—

105'A 106 Ya

I; 108

iiC.v''

A-O
A-O

.—1958

Delaware, Lack ft- West RR Co-—
N Y, Lack ft Western div

.

; 80

:

F-A

3s series L_.——.1977
L 1st ft ref 4 %s..——19515

Deere & Co 2%s debs.^

..

—*

93%

Commonwealth Edison Co—

;

88:l'i

Hudson ft Manhattan 1st 5s A——1957

98%
100

89 %

-

77.

106% 106'/a

■

f-A

—..1959

Dayton Pr & Lt 1st mtge 2%s—1975
Dayton Union Ry 3y»s series d—.19C5

y

Household Finance Corp 2%s
—1970
Hudson Coal 1st s f 5s series A
.1962
Hudson Co Gas 1st gold 58^.—,——1949

121

98%

129

100

A-O
:

Columbus ft H V 1st extl gold 4s
1948
Columbus & Sou Ohio El 3 y^s——. 1970

"

v

130% 132

...

1st

.1:

v ^

121% 122

-1980

tJAHousatonio Ry cons gold 5s

i r

4s..———

.

*139%

Gen mtge inc 5a series A—.—2015

112%

111%
•

109% 109%

109%;

M-N

—

Power

1Q6%

105% 105%

1st ft ref 3%s series D
,——1969
Gulf States Util 3%a series D
1969

ft Pittsburgh RR—

Consumers

;

88%

104

*115

Gulf Mobile ft Ohio 4s series B——1975

59%

112

-

*121%

J-J

t A Consol

90

85%

100

103%

'■

121

120

121

J-D

Cleveland Elec Hlum 3s

j

103%

84%

4

'yyy!g

1960

Hocking Valley Ry 1st 4%s

1993

—

'•'^

*63

.

—-

.

Conn River Power s f 3%s A—

V
"

35

103% 107%

107 'A 107%

1977

Conn Ry ft

106

-

:

J-J

AGreen Bay ft* West deb ctfa A——
A Debentures ctfs B—

60

56%

59%

.—..1993

—u..

wiy''./ •yuw 3;

y

v.:

y

Greyhound Corp 3s debs^——1959

106%

.

59%

1991

3%s

;.y-y

•;v

:

1977

Gen mtge 3%s ser N
Gen mtge 3 %s ser O—

,f 108%
104% 107%
110% 111%

106% 106%

,

Ref ft impt 4 %s series E

debs

"

86
106%-

*105

P"**

L— ————1970

Qen mtge 3%s ser M—

97%

V

—1976
-

mtge 3%s ser K

2'.

-

y

1952

-

106

*ioi'A 103%
84%, 87

■

—1973

General 4%s aeries E

•

.

107

—

*111% .111%

,

106%

Cin Wab ft M Div 1st 4s_.

mtge

106

:

—

*

,

General 4%s series D

;
■

v1
.

105% 106%
96 v
98%

26

*-

102

:.A
9

98%

,

General 5s series C

;

V'"

:

100

11

106

97%

98%

72%

105% 107%
v'-r;;*. :';' L.*.y

.

"•:v

M-S

Oct 11945

Great Northern Ry Co—
;
General 5%s series B—

81

F-A

1st

i;

106

-•

87

M-N

—1934
Certificates of deposit—
Goodrich (B F) Co. 1st mtge 2%s.l965
Grays Point Ternr 1st gtd 5s
-1947

35

,

.1956

Certificates of deposit—

,

92 y8

28

—

2%s ser G—.—..———1974

Conv

104%

■

'

1st mtge

1st extl 4s.

106

—•

•

•v

G

106%

69%

106

F-A

ft Tol

106

102%

*95% 130
*102% 131

'

VjV/

86

t§AGa Caro & Nor 1st ext 6s

118

101% 102

Y.»

'

M-S

y

71

65%

*106%

:-y'-

J-D

1959
1974

106%

92 y8

*100

:
—_

106%

10

; -yy^wyy

j-j

:■
■'v

t A Georgia & Ala Ry 5s__

34%

—

1943

A 1st ft ref 5s 'series A

.

;. M-N,

.1981

97%

78%

*108

gtd 3%s series E——1968

Columbus

106

103%

106

105% 105%

1971

93%

i.-;

■*96%

1st mtge

Columbia Gas ft Elec deb 5s—

2s ser h._——

96%

75%

•

1975

1st

—2000

107%

30%

5s_.—.1952

Colorado & Southern, Ry.-—
4%s (stamped modified\

mtge 3ysS ser G—*

103 'i

98

106

y.i.

V*

1st

cons

102

106

—1990

f<:

—

100%

102%

101

—1964

F—

86%

34%

QO

Cleve

E

ser

'103%
,3

M-/ 77%

M-S

-

'

»T

62%

tACboctaw Ok ft Gulf

Oleve

ser

mtge 3y«s

fp-r

*106% 108%

—2015*

mtge 3 Vis

cons

Gas ft Elec of Berg Co cons 5s..:..i949
General Realty ft Utilities Corp—
A4s conv inc debs
*
1969
Gen Steel Castings 5%s_
1949

567

60

gtd—...
—1948
gtd
—.1950
Short Line 1st gtd 4%s
—1961
Union Term gtd 5%s.
.—.1972
s f 5s series B gtd.———1973
s f 4%s series C——.i^.—1977

124%

'30%

69%

M-N

1st ft ref 4%s series D———1962

3%s

mtge inc 4%a series A.
cons

Certificates of deposit.^—...
IFlorida East Coast 1st 4%s...

26%

66%

IfAChflds Co deb 5s part paid——1943
§ ADebentures 5s part paid——1957

C

101% 101%

105%

8 &S;
|;| 25

71

102% 102%

102%

Chic ft West Indiana com 4s..——1952

Series

125 ';i

107%

266

106%

68%

—

Series D 3%s

106%

105%

301

.

97%

96%
*106

Chicago Union Station— ,».<■;
;v
1st mtge 3'/as series F
*1963
1st mtge 2%s ser G .—————1963

St L Div 1st

105%

1982

Firestone Tire ft Rub 3s deb...
t A Florida Cent ft Peninsular 5s

122

25

■'ft;®;

Cleveland

102%

117%

107%
92

J-D

-

157

*105% 106%

1st

■115

•

22%

16

i, :> *

J-D

—

121V*

157

102%

—

124% 125
*124% '.^VY

1968

1st

1st cons

129

106
100

—

93

J-D

*

120%

—

*155

"102%

1970

1st

98%
82'A

112

2 W

24
■AWk 8

193

97

M-S

Chic T H ft Southeastern 1st 5s—1960

$0

A

105% 107 f/2

,

j-j

J-D

General 5s series B

*120%

__

88

75%

m

-

105% 105%

94%

y

j-j

.*..1951

Cleve Cin Chic ft St Louis Ry—
>
General gold 4s..

High

low

,

102%

94

28

*107%

105%
107%

J-J

Memphis Div 1st gold 4s—-—1951

Terminal—

No.

,

v«--.

13

25 r;-'.';

28

'<

iyjiyyy';;

J-J

114

•ii? 23%

'

'

122

113

122

J-J

J-J

.

125'% 125%

J-J

A<)

Dec 11960 ;
ACertificates of deposit...—

vVr

97%
82'A

82

t

Income guaranteed 5s

High

Range Since
> January 1

•

'

>i 97%
82

J-J
J-J

J-J

—

86

102

•.■'J./

M-N

deposit——
I ARef unding gold 4s
1934
."'
| A Secured 4%s series A
1952
A Conv gold 4%S„
——I960
Chicago St L & New Orleans 5s—.1951

Union

Get

;
*

Ohio
J-J
M-N

Sold

1968

stamped...**

Empire Gas ft Fuel 3%s—
Erie Railroad; Co— v : v

119

106'A

5s

v

118%

6

118% 118%

of

Cincinnati

Elg— Jvliet

107%

w—m

118% 119

AGeneral 4s ————*.—^——1988

Cine Gas & Elec 1st mtge 2%s

Ga Div 1st 5s
1958
Ed F1 U1 (NY) 1st cons
gold 5s ___1995
Els-* Auto-Lite 2V4S aebs_._._
.___1950

105 A 107%

8

63%

60

118%

F-A

cons

*ast Tenn Va ft

y

-

*125'A

118%

partial redemption——.—1927
tChicago Rock Island ft Pacific Ry— m

;

147

a

25%

—

11

::

J-J

;

3%s—

144

i

;•

F-A

■

Gold

low

yyv

i Bonds

Friday's

or

Bid & Asked

—

62%

A-O

ref mtge 3%s____—*
1985
1st ft ref mtge 2%s~:.____——1970.
Chicago & Eastern 111 RR—
A Gen mtge inc (conv)-—-——1997
1st mtge 3%s ser B
—
—1985
> Chicago ft Erie 1st gold 5s
—1982
Chicago Gt West 1st 48 series A—1988
A Gen inc mtge 4'As
Jan 1 2038
tChicago Ind & Louisville Ry—
■:
;
ARefunduig 6s ser A
1947
A Refunding gold 5s series B—1947
A Refunding 4s series C——...—1947
A 1st & gen 5s series A—
.—1966
A 1st & gen 6s series B
.May 1966
: Chicago Ind ft Sou 50-year 4s.——1956
Chic Milw St Paul ft Pac RR—
>1st mtge 4s ser A
..1994
Gen mtge 4%s inc ser A Jan 1 2019
4%s conv inc ser B_*——Jan 1 2044
Chicago ft North Western Ry—
\"
2nd mtge conv inc 4'/2s„Jan 1 1999 Y
1st mtge 3s ser B———
1989
,11A Chicago Railways 1st 5s stpd ;

ACertificates

.*

1

J-J

1st ft.

-

105

105'/a

*100%

'A

14

-

11

105

105;-

J-J

.

High

103% 105%

106 y4

105

'•VA?'-.-..

F-A

Last

Sale Price

48%

146% 147 %

147

M-S

Low

50 'A

*105

J-J

York Stock Gxchani*

m-m.:

Week's Range

.■

Interest
Period

New

January 1.

NO.

High

*49%

■

.'Friday

BONDS

Range Since

Sold

Bid & Asked

Sale Price

Period

5

117

Kansas

*107%

83%
107

M

—

82%

82%

A-O

82%

4' 9
v;v 4 16

107
107
.104% 104%

Wit

85%

.

*82%
83%
105% 107

-

.

4,39

-

*105%

'

107% 107%

y ! y,

44:60

84

v

104%

A-O-yA-

104%

104%

104%

y yy w it-

105%

'

"

*120%

J-J

;*71%

J-J
v y

J-J

v

•yy-':

*108%

*110%
rM•{•f. mmim';
2*-' ,;":V ,♦105%
J-J: A,J-J

—.1961

4%s unguaranteed—
——1961
Kings County El L ft P 6s—«..1997
Koppers Co 1st mtge 3s———1964
tAKreuger ft Toll 5s ctfs.—
*..1959

:y.

82%

-2%s——1974
Kentucky Central gold 4s
—
—1987
Kentucky ft Ind Term 4%s—
.1961
Stamped
—1961
•.--*————

—

'

Kansas City Terminal Ry

Plain

y

—

.

:-yy—•

..

65%

71%

108%

75

108%

,

..

.

,

—

y;.

„

y.

—.
'

■

*..

A-O
A-o

vy

M-S

mi

y

■

•

„£■>;

5%

*106%
5

187%

■}/:

\

.

'

106

—

5%.

~

■

•

:

;• 14

4%,

106%
5

,

119

106% 106%

53

9

49%

54

106

50

104%

106

Lake Sh ft Mich Sou gold 3%s—*1997
3%s registered..—
.—.—1997

J-D
J-D

*113% 115

110

113

115

108

110

*107

Volume

Number 4465

163

THE COMMERCIAL & FINANCIAL CHRONICLE

-ft,.;

NEW

YORK BOND

RECORD

RANGE FOR WEEK ENDING FEBRUARY

ft-ftftft. ft ft".',, "Friday

B OND8

New York

Interest

Exchange

Last

Sale Price

A 1st

Lehigh
S

income

mtge

Coal

P

&

1975

A

ftft,' 5s

Deo

Low

-

,

66%

.

7

104%

105%

;

ANou-conv

■

A-0

105%

1984

stamped

F-A.

-ft

;

10.1%

99%

93%

98%

96%

98

93

86Va

1954
F-A

1964

„

'***■

y:

%'"••••'• „■
•

deb
deb

86%

1947

Af-S

3»/as

1947

M-S,

3%s

—1954

4s__

ANon-conv

:

100%

*101%

4s_—

ANon-conv "deb

iV!

>>i

*101%

(v.

deb

ANon-conv

:

stamped

5s

1st

&

5s

Leh

4s

A

stamped

'ft

F-A

86%

;

^

92 Va

92%

Af-N

59 Va

577/a

ft;:;

80

.

—

Af-N

ft

75

65

75%

1955

J-J

76

74%

76%

51

67%

78

1958

M-N

757/a

74

76%

102

67%

78

1956

J-J

73 Va

73%

73 Va

1948

J-J

8lVa"

77%

81%

409

72%

83

1940

A-O

92%

91

93

123

87'A

93

1957

M-N

44

38

44

2.050

34%

44

J-D

79%

76

79%

226

71%

HOVa 110%

1

109 %

A-0

N Y

65

1965

52

62%

N Y-Steam Corp 1st 3%s
t§AN Y Susq & W 1st ref 5s

1803

J-J

73%

1937

J-J

1937

F-A

1940

F-A :V v'ftv- 29 -ft

1943

M-N

98

debentures

1963

j-j

yft..:'".:-:;

107%

106% 107%

1st & ref M 3%s series F
1st .& ref M 27/8S ser G

118% 120

2003

106%

105

104 ■-V 105%

*104%

102%

Atl Knox & Cine

1855

*118% 119%

Southern

3s

100% 104%

1980

4%s

—1946

Ry

ft

104

|

Coll

-1998

107

V-

105%

107 %

105 Va

108%

33

71%

75

41

1

39%

42

29

10

29

:

98

''-'ft 1 ft;,'

97

98%

38 Vo

V:

43

2

10

73

41

98
:

43

32%

43

107

...

>

408

108 Va

108

ft-

J-J

ft;;
.

ft

68

1

68

.

M-S

*137'A

•

127%

2047

132

120

Q-F
Q'A
ftftftJ-J

93%
88%

ft

59 Va

71

135%

138

138%

138%

ft;-,"

,120

93

94%

1st

13

coll

4s

B__'

ser

1954

Manati.Sugar 4s sink fund_.Fe.bl 1957
AManila RR (Southern Lines) 4s

87%

88 Va

M-S

105%

108%

109% 110% 'ft- .ft.

16

107

110 Va

105%

j-j ;

1975

53

110%-;

2047

108 Va

105 Va 105%

110

.

F-A
A-0

ft

lSft

'ft-ft'-''
ft 106%

*103 Va

106 Va

102%

105

57

102%

106%

5

106%

108

'

.

106%

108

ft

110%

105 Va

68 "ft

-

—

106

M-S

107%

4

110'A

108 '

101%

101

94%

82

107

.

mtge &

120

85 %

157

88 Va

132

107%

•

J-J

1st mtge 2%s_—_1975: ftft
(Wise) 1st mtge 3 %a——1964

89%

-

-ft

5

127%

115Va

49 •

;.ft,

88'A

:•

132

120

5

126% 127%

Q-J

103'A

-100%

5

48

ft

_>

132

Q-J ft'.

-

82

108%

ft ".,' ■ftftftv 1
'ftftft .''

70

138

,

-I960

31

108

5

103%
A.

138

M-S

ft

2047

4%s_

103

A-o
A-O

Northern: States Power Co—
Jst.-mtge 2%s—>»—^i:i974
Maine Central RR 4%s ser A.

90 %

71%

^

41

'

.

86%

106 % 106 %

;

M-S

.

_

2047

impt 4VaS series .A-

trust

106%
—

15%

106%

26

89

102%

Co—

Ref & impt 5s series C
Ref
impt ;6s series D

4

87 Va

ft'1; 0^mm'

ft

J-J

I960

registered

Ref &

118% 119

4s

1st

88

M-N

Northern Pacific Ry prior lien 4s__1997
y. 4s registered
1997
Gen ilieir ry .& id gold 3s
Jan 2047

113%.

110%

113

104'A 104%

St Louis Div 2d gold 3s

Div

Bost

A-0

.2014
Norfolk ft Western Ry lstigold 4s_1996
North Central gen & ref 5s_,
15174
Gen Sf ref 4%s series
A—>—
.1974

105%. 1077/a

113

A

mtge 4 VaS series CA
AGen mtge 5s conv inc^

.

104% 105%

—2003

West

1st

Louisville & Nashville RR—

'

Y

Norfolk

105'A 107%

y'fty

5s

vATerminal 1st gold 5s

f § AN

107 ;

106%

—

*105% 106'A

105%

M-S

gold

,

Niagara Falls Power 3%s

118% 118%

A-O

1969

:

Louisiana & Ark 1st 5s series A

4VaS

K;; J A General
#

118% 120 V

—

*107%

F-A

Louisville Gas & EJec 3 VaS—1966

91%
136%

,_1993

26%

12

89

74

106%

29

86

133%

gold

gtd 4s

81

110%

21%

120

13

75

65%

3

•

23%

12
106

62%

cons

65

'

22'A

12%
106%

M-S

N Y jQueens El Lt & Pow 3%s

ft-

*107%

,ft

22%

J-D

*N- Y & Putnam "1st

.107 ;

MS

M-S

1355

Power & Light 1st mtge 2%s_1975

69

118% 119

*118

MS

-

110%

60

MS

1949

,—>-,—--,-1949

4s_

M-N

•

'ft

54%

136%

*133%

%

4s

-

51

89

89

89,

V

,

r'Jjfa

M-N

Lorillard CP) Co deb 5s—1951
3s

ft

A-0

A-O

—-

59

69% ft; 67%

.

6s

70%

57%

Lehigh Valley Terminal Ry-ext 53-1951
1st 50-yr 5s gtd
1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A
1962
Long Island unified 4s„
1919
gold 4s

77%

%

12

63'A

61

; 62%

-

Af-N

2003

Lex & Eastern

ref

High

70%

78 Va

w—■

56%

*54'A

2003
2003

—

.,-2003

stampecL—

Low

34

74%
73 Va

1st 4s—
1954
tAN y Ont & West ref 4s___June 1992

94%

51%

-60

■v"' '*

;

74

74%.

73%

:.:«Alst,A ref 4V28 series of 1927
1967
fAHarlem River & Port Chester—

87

'

88%

94 Va

|

98

*

6s—

A Debenture

ft,;

§A2d

Guaranteed

January 1

certificates 3%s

deb

AGeneral

stamped modified

4s

Range Since

Sold

No.

*78 Va

SACollateral trust

*97

j-j

,-2003

ftftft 4%s registered—
5s

•'

98"

—1950

ext

modified—.,

4s registered
4%s stamped modified

Bonds

High

73%

deb

Debenture

AConv

*97%
*97

.'vF--'.;-

F-A

___1974

gtd 5s__—>.1954

Valley N Y 4%s
Valley RR—

Lehigh

'

—1974

Val Harbor Term

4s

5s_„~

.stamped

Lenigh
/?•;.

1964

__

ref sink fund

Friday's

A-O

"

ft..

or

Bid & Asked

Low

76%

68,;.

105%

66%

> 10

66%
105%

h:.:

..

1st,& ref sink fund 5s

Last

Sale Price

High

ANon-conv

1970

Valley Coal Co—
1st & ref sink fund 5s

Interest
Period

Co.—

ser

Lenigh

Friday

New York Stock Exchamx*

January 1

No.

High

Low

Range Since

Sold

fN Y New Haven & Hartford RR—

reg

Navigation

mtge 3V2S

Bonds

Friday's

"ftftft

'Lautaro.Nitrate-Co Ltd—
V

or

BO N D 8

Bid & Asked

ftftft ft?:"ft ftftftft' ft

;ft ■

15

Week's Range

Period

Stock

923

ft';;

ft

95

1959

McCrory Stores deb 3%

—J.955
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5%s
-1950
*§AMet

West

Side

El

(Chic)

105%
27%

JOgdensburg & Lake Champlain Ry—

103 Va

26%

28 Va

106%

101%

>102% 103%

4s__1938

28 Va

'.A 1st guaranteed 4s—
Ohio Edison 1st mtge 3s

Jack
1st

Lans

gold

-Ref

&

&

J-J

Sag 3%s

1951

*100%

1952

3VaS—

impt 4 '/as series C

-*107%

—1979

l.

107%

-v

*

107%

105 Va 105 Va

111% 111%

Midland of N J 1st ext 5s—-.1940

105 Va 107
110%

96%

93%

95

Ore Short Line 1st

112 Va

J-D

Oregon-Washington RR 3a

ft

•v*>r

105%

5

101 Va

104%

104% 104%
•'

•

100%

•

J-D

101

101%

101%

ft". 4

101%

1017/a

.39

105 Va

107%

OO

101% 101%

mm mm

A-0

gold 5s—..1946

108%

101%

*100% 103%

ft;

J-J

A —1960

ser

24 Va
107 V*

5

*101 Va 103

•

27

;.; 26

105 Va 105%

ftft

J-J

-1940

25%

*1081A 108%
105%

F-A

gold 5s_ -1940

cons

-.Guaranteed etpd cons 5s

•

97

ft;. 24Va

25%

M-S
A-O

1st

Michigan Cons Gas 1st mtge 3%s_1969
A

.-1948
._1974

mtge. 2%s
.-1975
Oklahoma Gas & Electric 2%s__ -1975
Oregon RR & Nav con gold 4s
—1946

Micmgan Central—

100 %

■

105% 106'/a

V;

Minn -St Paul A Sault Ste Marie—-

;i|r- A 1st mtge 4%s inc

Jan

A

-1962

106

82

.97%

J-J
J-J

4V2S series D—
—1978
adjust 5s series A—-Jan 1967

J-J

-

lien

Cum

yft;ft'-:ft83Vftft

J-D

—1962

4o-year 4s series B__

105'

106

J-J

'

101% 106

28

84

88

97%

,97,

IOOT'B

97,

r

' ftft

93

110

ft:ft26''fth

'

Pacific

97%

'ft'.

40

,

105 Va 110%,

98%

Coast

Pacific

Gas

101

ft 9.1%

v..

94%

96%

97

A-O

'

98% 100

98%

,.
*»;.

187

•

94'

(Missouri Pacific RR Co—
A 1st

&

ref

A General

1st &

Alst &

ref

A 1st

ref

A

series

—1977

G

Co—

&

Tel

.3%s

1974

Montreal

J-J

Tramways 5s ext
Morrell (John) <8s Co 3s debb__
Morris

A

Essex

1st

1951
1958

gtd 3Va«

•,

92%

92

F-A

101%

M-N

93

*106%

ft

*102% 1

—

91

'

.

1®

5

1955

2000

J-D

73

72 Va

73

1955

M-N

88%

87%

88%

39

M-N

81%

81

81%

35

M 5s

Constr

M 4%R

series A.

series B^—

J-D

Mutual Fuel Gas 1st

M-N

gtd 5s

1947

ft

—1960

M-S

—

*107Va 110

__

83%

106%

v.-

.109%

—

4%s
5s

1st

3S_

1954

Newark Consol Gas cons 6s

103

1

105 Va 106 »/a

:_1965

62

New

J Junction

RR

1961

1986

—

New

Jersey P & L 1st mtge 3s
Orleans Great Nor 5s A

ft

108

107%

*106%

106%
107 Va

108%

107%

110

series

of

deposit

B

'ft
A Certificates of .deposit
ftftftA 1st 5s series C
ACertificates
•

A 1st

of

N

Y

Central

RR

1954

of

4s

deposit
series

ft, Ref & impt 4V2S series
;
<N

Cent A Hud River

3%s

A_

A

F- A

A-0

1997

J-J

1997
1998

F-A

registered

Ref

1998

mtge

3%s

series
ser

D

1980

N

Y

Connecting RR 2%s

N

Y

Dock

1st

Y Edison
1st

lien

&

1975

E

gold 4s

ref

Y,&

Harlem

J-J

104%

99

100
100

90%

2 *

ref

ft'

A-O

103%

A-O

105%

105% 106%

1948

J-D

1949

F-A

2000

1st

&

109

108 Va 109

J-J

92

106%

...

107 V

104%

105 Va

N

series A

series B

Y

Lack

&

2043
series A

For

footnotes

see

page




924.

J-J

1973

M-N

1973

West 4s

4%s series B

M-N

92

106%
94

y■■ •

83

V

139

139

137

139

;

ft: 17

ftft 15
13
7

.

131

133%

106%

108%

107

107

106%

106% 106%

104%
104 Va

106%

106% 106%

104 V4

106%

103%

104

105%

105%

1971

104

104

105%, 105%

1963

—

G

4s

H

cons

guaranteed
guaranteed 4s

1949
1953
1957
1960

—1963

4%s

cons

Series J cons guaranteed 4V2S—1964
!;T Gen mtge 5s series A—
1970
V Gen mtge 5s series B
1975
.Gen mtge 3%s ser E
1975
Pittsb Coke & Chem 1st mtge 3%s_1964
:

Pittsburgh
3%s
Pitts

Consolidation

23%
*19

22

23 Va
25

20

;

106%

26
21

1st

mtge

1st 4%s series A

1st mtgq 4%s-series B
1st mtge 4V2S series C

v

Pitts Young

& Ash

'F-A

*106%

J-D

.

*116%

F-A

*127 '.V:

& M-N

*127

105% 105%

i

95
1

*103%

—1958

J^D

ioi"

A-O

106

101%

F-A

l,»t gen 5s series B
1st gen 5s series C

1962
1974

«.st

1977

J-D :

103 Va

105% :

-iPittston Co 5% inc deb

107

Potomac

4%s series D—

101%

—

Wlif

20

:. 12

101% 101%

100%

—

104

r,-.

9

105%

106

105%

98 Va

102

98%

102%

98 Va

102

105

*105 Vi

*125'/a

J-D '

104%

:

__

100%

103%

—

101 Va 101%

A-0
J-D

109

100%

—

106

106

138

105%

103 Va 104

104

137%

134%

138

J-D

.—1959
1960

133 %

138

A-O

*103%

127 Va
126%

126%

*

J-D

1st 4s ser A—1948

:

—

A-O

M-N

121%

127%

;

V137% 137%

J-D

J-J

1965

117%

,

*115%

F-A

105%

—

121% 121%,;

Af-N

1950

4%s

series B

104%

105% 105 %

1950

debentures

Steel

1st mtge
Pitts & W Va

Coal—
u__I

ft 105%

HOVa
108

HOVa
109 ft:

1st

El

Pwr

1st

M

105

:

*127

" *117%

—

(AProvidence Securities 4s
Terminal 4s

118%' 118%

tAProvidence

115%

115'A

Public Service El & Gas 3%s

__

*118 Va

117

118 Va

947/a

—

95%

61

90

10

97%

95%

100%

1st &
1st

&

1st &

ref mtge 3s
ref mtge 5s
ref

mtge 8s

;

J-J

1977
1957

101% 101%

F-A

1956
1968

1972
2037
2037

99

101%

106% 106%

J-J

1966

mortgage 3%s

*118% 121% ft.;

100'A 100'A

—1964

3%s

*115 V4

__

V

133 % 133 Va

106% 106%:
*

105%;;

■

95%

105%

3

1974
196?

__

Mtge 4s
Mtge 4s

107%

■

103%

-ft 101%

7

111%

105%

11

93%

107%

12

1967

2%s

ref

2%s_

M

135 Va

128%

180
-

•

110'/a llO'/a

M-N

2043

89
■

96

89

2

ft'-ft

1966

92%

ft

134%

106%
104% 105%

1977
1961

ref ,2%s——

debentures

Series I

100

vftft 00 ftft; ;• 95 ;
'

:

—

105 Vo

114 Va
107%

95
ftft-

•

7

ft 104%

102%

106%

100
-

94%

:: 104
104%
103% 104

1965

IOOV2
107

,106% 106%
*104% 105

J-D

105

gold 3%s

25

90%

F-A

3%s series E

130

'

A-0

3%s series D

396

94%

Bft„1975

Gas El Lt H & Rpw gold 5s
Purchase money gold 4s

98%

*94.

;

1951

ser
—

N Y

N

v
ft;

F-A

•'<

96%

*98

Chicago .& 8t Louis—

mtge 3%s

&

Series

v

100

190

113% 114 Va

ft

F-A

York

99%

139

106%

1974

Pittsburgh Cine Chi .& St LouisSeries E 3V2S gtd gold——
Beriis F 4s guaranteed gold

98%
98

98

97%

128

133%

76

Ry 1st s f 4s_——1937
ACertificates ,of deposit
———
Phillips Petroleum 2%s debs
1964

95%: 102%

101% 102%

F-A

1998
1998

Ref

N

U

J -J

registered

3Vas

...

•

A-0

Mich Cent coll gold 3%s
New

B

Electric

1st

101

89%

'

*100Va 103%

2013

3%s

98

93%

124%

100

94%

100

100% 102

2013

registered

1st gold 4s—

series

Series

V

1998

Lake Shore coll .gold 3%s
3 %s

96%

-

Ref A imDt 5s series C
Y

ft

ft

deposit

Wash

5s

1st and

;

101%

98%
1950

ft-;' A 1st 5%s series A
ACertificates

100.

deposit

of

.

127 Va

27

135 %

105% 106

(5. A Philippine
92%
97%

1950

•

7

46
;

Marquette Ry 3%s ser D—1980

Phila

—

"

-

4%s series D

ACertlficates

*81%

100% 101%

130

33

A

134'/a

133

,—1960

gold 4%s

3s

V

127-

Apr 1990
Pekin Union Ry 5%s_—-1974

Philip Morris Ltd deb 3s—

1954

;

1984

E-

series C
Philadelphia Co coll tr 4%s

108

108'A 108'A

5s

106%

2

138 Va 139

134 Va

-1981

ext

4s

General

108

109% 110

|New Orleans Te?as A Mexico Ry—
SANon-cum Inc 5s series A—1935

107

2

127% 128

1968

B

General

ft,

—1952

_

105%

106%
106%

4s

Phila Bait &

—1953

ACertUicates

Eastern

Pere

4%s

A 1st

&

114%

*108%. A- '

104

13

,

111%

Peoria .&

118

107'A

107%

103%

118

ft 106

130

130

133

103 %

118

"-ft

--

ft

3

'

106% 106%

107

97%

103%

112 Va

.-ft ft.; 3 &

;

106% 106%

^Peoples Gas L & O ref 5s———1947

New Orleans Term; 1st gtd 4s

1st ref A imp

A-0

1

111

111%

118

1983

N O & N E

ft - ft:

135 Va

125%. 126 Va

103

1974

New

-ft.'ft'ft1 '7

v,107% 107%
105 Va 105 Va

111

126% 126 %

V

-ft;., ft
125%

ft.

.

.107

112% 112%

1952

gtd 1st 4s

105%

111%

ftftft.l

112%.112%.
*103% ft-

1985

99%

103% 103%

i

115

OO CO

120%

3Va.s ser F-—

A Income

1945

England Tel & Tel 5s A
gtd 4%s series B

1st

105

107%

4

108

'

105

1

ft

■ftftf"'':''

3 %s————1952

Peoria

1945 V

England RR gtd 5s
gtd 4s

A Consol

N

108

111

107%

—

.ft....

.Gen mtge

105%
-106 Va

1948

JANew

mtge

M-N

<

—1965

series A

series

Gen mtge 4%s series

105% 105%

111%

107%

107%
104%

--

.Conv sdeb

•Nash Chatt &,Bt L4s •series A—-1978

110%

41

;

115

119%

110%

107%

37

,

105.

105

108%

.

General

Steel

*104'A

ft

-

—

General

(ANaiigatuck RR 1st gold 4s

®

ftft;;

gold As
.——1948
4s sterl stpd dollar——May 11948.
Cons sinking 'fund 4%s_——-I960

General 4 %s series D—

Na„ional

111% 111%,.
107% 107%

Consol

106%

yft ;

is

\

~

Pennsylvania RR—

,89 'A

tft:79%;

ft."

110

7

v

109 Va

109%

108

.'ft ;

i

-

ctfa—,-1952

A-O

74%

86
:

108%

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ftft-'ftft®—..'ft•

J-D

103

71%

119

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111%

-ftv-ft1

J-J
m-S

..

'

r1955
Mountain States TAT 3%s—;—1968

Constr

ft 4,

M-N

Bs.1949.

1st mtge*'3s—1975
3s >8 -TE debentures^-,,——--1965

101%

102%

,

J-D

Pennsylvania Glass Sand 3%s
—1960
Pennsylvania Power & Light Co.—
iV?

106%

100

ft®

J-D

1960

3s B

iGtd As series K trust

93

106

101% 101%

'

*

ft'ftft" 9

—

.

ft:-'

__

•ft: 110% 110%

J-D

1977
1985

Pennsylvania CoL
M-S

J-D

1979

N

debs__

inc debs-—

conv

:

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.'(•
.

Pennsylvania-Central. Airlines—

:

Moh'k ArMalone 1st gtd gold 4s—1991
Monongahela Ry 3%s series B—1966 f

J-D

J-D..... ft

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'

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————1949
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EL—1980
A 1st A ref 5s series I———1981

-ft'

1971

f gold 4%s

s

Panhandle East P L

——1978

AConv gold -5%s—

J-D

1970

L

ser

2%s

*100% 1007/a

*

-I960

ref M 3s series M
Tel

Paducah & 111 "1st

jf

series

ref mtge 3s

&

Pacific

—1975

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5s

1st

—1965
;

'

Electric

&

ref M 3s

1st &

■

5s series A

4s_

1st

1st A ref mtge 3s series J
1st .& ref M 3s series K

'98%
113%
•:

f„

Co

1st & ref mtge 3%s series I

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104%

.

ft®ft -ft- .; ftftft/ft;-

P

84

77%

,

117

r

,

Prior lien ps series A—i
Prior

J-J

•

1991

199Q

Missouri-Kansas-Texas RR—

,i

1971

ser A__Jan

AGeu mtge 4s inc ser A
Mo Kansas & Texas 1st 4s

106

106%

■

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40

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110% 110%
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40

—

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109

108%

110%
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160

162 Va

250

250

THE COMMERCIAL & FINANCIAL CHRONICLE

924

NEW
'.•-."V-V-^pPpyyp-'ppp:

Friday Week's Range
>> Last
or Friday's

BONDS
New

Exchange

8took

York

Interest

<

Sale Price

Period
V

.•

PP 'V '■■■P;;.;.,y\

.T/VH ,-**•.

•

Low

BOND

RECORD

February

15

■

BONDS

Bonds

'

Bid & Asked

v,

YORK

Range for week ending

:P;Pp:

Monday, February 18, 1946

Range Since.

Sold

.//No.

High

v..

New York Stock Exchange

Low

Friday

Week's

Interest

Last

Period

Sale Price

January 1

Range
Friday's

or

Bonds

Bid <fc Asked

High

Low

Range Since

Sold

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NO.

High

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■

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ist

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JJARio Grande West
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&

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1939

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'

103

;

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1977

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1967

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1967

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1969
1934

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1949
1941

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109%

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1

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108

1968

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1985

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2

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M

105%

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,

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i

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1951
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"-ii.l

111%
.

106

4%s

1968

Af-S

1969

1st

,!

Pacifio1 RR

mtge 2%s

3%s

series

3%s

series

tf.uthern

ser

Devel

&

gen

Devel

&

gen

Devel

&

Mem

Div

o..,'r P

5s

1st

gold

Div

1st

'■and

Oil

'•Indard
ni

of

Calif

Oil

Oil
Oil

^rior

N

102%

73%

102

:

Gen

West

78./V

20

A-O

106

107%

109%

1st 4.«

.V

!

Penn

Power

Apr

stpd

94

102 V*

105%

67

104

1

144%

104

28

1st

1967

4 %s

1966

v

J-J

Inc

ser

1960

y 66

F-A

A

2014

..1961 V.

-

/

105'

2361

105

105%

104%

4

v

7.,

',

1st

Co

mortgage 3s

S

1st

B

of

4s

1980

vi

V

89'
—

A Certificates

of

deposit

.1968

Public Service

3Vis

1971

—

1

__

*

84%

40%

108

WEEKLY
?°«".Colt„o?e!in Z
In the

-

I/eb,

security, whether stock

98

V,,
11,;.

i'—

85% v89
843l»
87%
37%
44%
36 Va
107

'

108

109

' •

5

.

109

30'/a

Deferred delivery sale not Included In the year's range,
d Ex-Interest,
e Odd-lot sale not
Included in the year's range,
n Under-the-rule sale not Included in the year's range.
rCash sale
not included in the year's range., y Ex-coupon. :v-.V'..o.1.?.'-- •>.■
v;;/' v,;;., ,,V:
%v
a

Vew

York

V

F

§Negotiability impaired by maturity.
tThe price represented is the dollar quotation per
pound unit of bonds.
Accrued interest payable at the exchange rate of $4.8484.

107
•

tCompanies reported as being in bankruptcy, receivership,
or securities assumed by such companies.

or

•Friday's bid and

asked prices;

no

200-

reorganized under Section 77 of

the Bankruptcy Act,

105%
106 M;

Motors

lit

!,

y

y;; P <P

y

sales being transacted during current week.

"

ABonds

selling flat.

>

'

'

Investors

Iiic

Mfg

occurred

Great

alabama

Power

preferred

$7

Bros

Co

see

~7%

.

~6%

pege

11%

Feb

Jan

30%

Jan

4,100

5%

Jan

13%

Jan

22%

7%

5%

39.500

Feb

18%
21%
5%

20%

x9%
131

15%
20%
9

Jan

2,600

V

1,400
900

'

1 6

6%

131

Aluminum

Feb

Aluminium

Industries

_

929.




*

Ltd

.

common.

Jan

19

Jan

22%

Feb

American

Book

Jan

American

Central

Jan

American

Jan

6%

preferred

American

21%

800

20%

Feb

9%

1,600

8%

Jan

9%

Jan

133%

Jan

128%

Jan

Class

116%

Jan

118%

Feb

Class

Jan

109%

Jan

American

12%
-

750

70%

5,200

118% 119%
v

63%

300

74%

115%

'•

Jan
Jan

400

24

Jan

24

50

21

136% 142

1,100

•:

High

76%
121

Feb
Feb

Jan

24%

24%

•

24

■

116%

25 Va

Jan

Jan

Jan

■'

14 %

110%
5 %

4%

5%

3,700
20

5

Jan

4%

Jan

61%

Jan

65

19

Feb

22%

Power

Jan

Jan

54%

Jan

63

20%

19

21%

2,400

_?5

52%

52%

52%

750

50%

49%

49%

100

.

&

63

J

,

Mfg

class

B.

107

"

74%

*

1

5%

Feb
.Jan

uight—

A

A

290

"I

' v

Range Since January 1
..Low

Hkth

25

Co

Cities

Convertible

200

60%

Low

100

Beverage common

117% 118%

56%

-

Jan

5%

108% 108%

60%

Shares

v

for Week

*

common.

Jan

118%

•
lo

-

Salea

Range
of Prices

100

3/4

17%
22%

i

pfd

*

Mfg___

5%

15

Feb ~'

60

Week'«

Last

Friday

Exchange

common

Goods

7%

15%

132%

Curb

prel erred

Aluminum

108%

*

•;.

"-,b

York

Aluminum Co

Jan

ll,3oJ

16%-

•

Par

.

j~6%

year.

.

1

k$.

15

Sale Price

22%
.

5%

50

preferred

common

For footnotes

Jan

,

17%

pret-rcd

Ai-es At Fisher common
Allied Int'l
Investing S3 conv
<'hed
Pro.tucts
iMtrhi—

9%
27%

P:.

■

20%

j

High V

'

5%

____10

Appliance...

Low

160

6%

20%

'•O

Southern
Co

6%

february

STOCKS—

700

"T

for the week beginning on Saturday

daily reports of the Curb Exchange itself, and is intended to include

during the current

ending

Whe0 ,eBtot

the New York Curb Exchange

Range Since January 1;

■yppprt

S

29%

18%

50c

Electric

29

on

New

Shares

10%

J

preferred..

Mr-Wa\,

AItorfer

complete record of the trans actions
15, 1946).
It is compiled from the

for Week

High

2

<NJt

Corp

Mabama

c%

:

9%

8

common

convertible

29%

^v Loto

i

c

common

Associates

$6

A

-J

Converf'bjp

60c

30

B

Mfg

nr.

10%
a

vr

VIreon

PaT

RECORD

Sales

Range
of Prices

warrants

ruiumuu

'■

r

YEARLY

a

Week's

East

-

Co

'.-•.awoith

AND

bond, in which any dealings have

Sale Price

Supply Mig class

'-lass

or

Friday

Exchange

0-.v

ACF-Brill
O

Curb

/

•

Aero

T O C K S

"

K-'iie

furnish

y

VV:

■

IP

67%

range for week

•

'

we

,,

'

tikeJSVuXVa,"coSiSJ'th'i'rSS ?o" hf&X."**•

„

«

A

following extensive list

9^ and ending the present Friday (Feb.

every

„

No'account £

.

,

,103%,-!'"

NEW YORK CURB EXCHANGE
1

y

.

106% 108
y'
104%,105%; ;v
117% 117%-

.

.10
• o

108

*109Va 109%

.

5

"

p

<42

J-J

"

,

87%

84%

40,

'—

91

.,87
i103%

85%
'

A-0

:i;

102T» 105%
94%

,

66

-

'118
,

'

,109 :,v' V

^")^r74:,^':f 90%

.

-

'

:

104
108
28.;;^' 104% .'108

—

'
,

116%

76

107% 108
" ;J
105'A

87%

M-N

;

108

.

M05

.-

.

'

o-

^

110%

:c'-Sf|;29 t•j>-. 105

89%

*109% 110

—

J -J

—_

Wisconsin Elec Power 3%s—

'

107%

107%

57

.

;

94%

^ 88%
■;

J-J

/'

106

«,

92% -iVv; 92

.

V

:^*103% 103%

....

A-0>, .'s'v'i.,

1936

105

106%

-

%

6

106%

;

105%
105%
106%

M-£

J:%

;.

v

116%

;

J-J

194f

deposit.

110%

108

V;:

•

105%

•

104

,106% 107Va

■

' 41

105% V;: 105

J-J

-V38

"

109% 110

109

/

M-N

,

l

107% '/.t^

107

110

Af-S
,

1958

1st 4S-

Central

Certificates

Wisconsin

103/ 105%
107% 107 %

1

r-'f:-:.

*105%
105

105%

•

33

/

&

^

/••"._

68 4:;'/..

,

116% 116% Vvi :VV 3 V-/; 115%

,

Af-N

1960

lASu & Du div & term 1st 4s

107%

63%

—

"'

•—

—/?.^;64%i
102%

106% 106% -

Jf-3

108%

103

1

.

107% 110%

.

'

—

.■>*104

J-D

i

1951

11
"

MV

103%

*—

—

M-S

135

107%

107% 107%

Af-N

126%

11

'•:V- P-iPP.

'

-

18

1^..

'

1950

5s

1951

A

1063/4
123%
123% 128

50

v

•"

—

104

V'—"

-

66%

*106%

XV'UU

M-N

-

yyy?'':/*

65%

104%

J-D

v,

97% f:K:
106'%

105%

'

:^;V:100%;

26

—

'

May

I;

2361

JA Wisconsin

117%

fppk

....*.19

107% 107%
*103%
;*67
69%

i

,

1st 4s guaranteed

Winston-Salem

145

107% Pp .;

.107
■P

.-w-

J-D \i;

1959

-

'I

97101".

;

>1^f30 ,Vv 93^

97 V»

100% 101%

107%

A-0

Co—

5s.—.

Wilson

104%

23

135

*108%

•

107%

Apr

136%

117

;

123 Vt

135

A-O

—.1961

106% 106%

'

7

,

105% 106

v
.

,,

J-J

1952

Wheeling Steel 3% series C—.L—-1970

106%

43

126% 126%

A-O
J-J

103%

144% 145
■■

96%

..

J-D

I;-

Wheeling St Lake Erie RR
1949
Gen & ref M 2%s series A——1992

103%

32

£

105%

J-D

4s———

Telegraph

gold

106%

iPpP/(•■■

126%

"■
/

101%
103 s/8

v

i

-

110% 111%
106% 113

3 '

100% 100%

.

' 101

A-0

1950

gtd

Registered

106%'

:

/ .{

v

A-O '/

F-A

Westinghouse El St Mfg 2%$

104%

■'

104

vVv-.——

P.-

112% 113

'

F-A
.

A—1970

ser

3%s series I

Union

30-year

107%

137

PP

106%

103%

'

P

f

Apr

1948

—

Pacific

1113/4

104 ./i

75

106%

121

1950

V '

103%

24

"•%;A'

U

P^pA

•111

112%

>

F-A
Q-Af

3%s

mtge

25-year

PA:*

'y

•*.

:

Af-N

M-S

bs

Maryland

rr

109

106%

aebs

104%

'

'V'l:

f

106%

*103 %

MP

Funding 6c real estate 4%s

'.

106
'

*119%

S'As—aL..——1955

Central Ry

Western

105 %

123 V4

debs

3s

103%

J 3.7

•115%

'

gtd gold 3%s_.2000

ref

1st

Western

106

r;

106%

*103% 105

ip

i'

J-J

i990

2%r debs

Co

1958

1st mtge 4s._—-1955

Westcnester Ltg

105 %'

104%

A-O

debs

105%

*114%

.

J-J

„

Washington Terminal 2%s

V

102

A-O

195T

2%s

1

,.103% 104%

103%

Af-S

2003
—

Western

•102%-102%

-P

..

&

21%

104% 105 %>' '•
205
108
109 -PPb, 161

%

1950

deb

3%s

"

Petroleum
RR

Washineton

104 '•};

=

1st gold 58—1949

1st gtd 5s

■

•

%

5s_.

^

F-A

Baking Co 5%s debs
(subordinated)
L———1970

•

J-J

1994

H-old

3%

J

Corp

B

Coke

&

5s

cons

Warren

108

106 % 106% yy-

J-J

Southwestern Bell Tel 2%s debs___1985
•Spokane Internat 1st gold 4%s—2013

Svhray

series

Coal

Warren

90%

104%
15

105% 106%

1950

A

110

104%

Ward
>;

j'-l"1 ..I" '-X'

.1950

series

6%s

gen

T.nilis

8t

s

Walworth Co

102%

vf. 'iPPii:

85

y- 104% 105 %

J-J

.1996

6s

106%

107%

7

WP

%.;>

y.

gold

V :>

109

1961%.

cons

4s

f 4u

series A.—1955

g 48

cons

West Shore

A-O

1986

C___

1st

Ry

Af-N

i

Co—

A

B____

103%

'

K

mtge 4s inc" ser A—..Jan 1981
A Gen mtge inc 4%s ser B—Jan 1991
1st mtge 3%s ser B
—1971

101%

19%

•

P'-'i

■

111% 111%

105

I

1950

4s_y

M-N

1981
1st.

'.12

*104% 107%

"A

Jlf-S

81%

80

10

■

V; 107% 107 %

-

•105

Gold 4%s
Term

106%

"vy-yiB/

103% 103 A

-V

Af-S

AGen

106 %

106% 106%
*129%

••

F-A
Af-S

Gold 4%s

103 J5

A-O

1955

Wabash RR Co—

:

104% 104%

A-O

J-J

1985

...

103%

103% 10331,

:■/,

M-N

1st

81%

99%

41

y yy

103% 103%
*105V8 105%

J-J

1941

v

104%

..

110

28

P

J-J

•

.—1979

-•/-

Co—

105%

104

■':MM Mi %PM'ippM

Va & Southwest

105:

502

*IO6V8 106%

1965

gtd 5s

102%

:

27

108% 109

1957

80%

110

•

89%

AT-N

1961 V

(Oregon Lines) A

Pran

:

:,74%

87 %

^1977

■San

V

74

78

Tel Co—

&

PIP.15P;
."

104%

61%

61

ioo% ioi

1964

2%s debentures

Southern

debs

Virginian Ry 3s ser B———~»~1995

73

20:.'

F-A

1954

debs

;

Pacific

': "

RR

Va Iron

60%

__

Bell

M-N

104

103a*a

A-0

'

3s

104

A-0

1990

104%

129%

128%

*109

& Sons 3%s_1965

debentures

Gold

122

105

V-

3ocony-Vacuum Oil

1st 4%s

132%

78

..^.1935

t8ASileslan-Am Corp coll tr 7s
Oil 2%s debs__

Joutnern

105%

132%

'

Skelly

3s

63%

—.

88

ctfs

105 >/4 105 v*

J-J

Virginia Electric & Power Co—
1st & ref mtge 2%s ser E—1975

"54%

56

v;

wi

Union Oil 2%s deos
2%s sinking fund debentures

4ourb

58

56%

"

>V

Shell

Couthern

Cons

'/

101

A

J-D

1947

Universal Pictures 3 %s debs——w*1959'

40

Co—

A

16

103% 104

f

105 3a

103%

38%

-

I

77

wi

ser

grant 4s

Biscuit 3%s

Vandalla

61%'

*58

P"?-:

deposit
RR

A

ser

—1970

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yi

V

^-*58 y'.LW,y

°

1933

:

1

J-J

104

fPP'PPP

v

RR—>•/■■■%'V

land

mtge 3s series B

United

52%

•58

1945

gtd 4s

of

Line

4s

mtge

Seagram

59%

Bank)

(Guaranty Trust)
(Chemical Bank)

dep

Birm

1967

-

A-o

.

52%

122

■"W3

A

debs

debentures

27 '

112% 112%

y

'

A-0

'

Ref

90 Vi

128

dep

3s

Af-N

1975
iy4o

5

*106 Vis

—1959

ACtfs

1st

V;

100% 101%:

*132%

dep (N Y Trust)

cons

Calif

Paclnc

&

.1971

'

deposit

ACtfs of
A 1st

:.

195G

SARelundmg 4s
of

v

77%

*112
-

1989

Line Ry—
stamped

3%s

5s

P 34-year 3 %s deD—.1970
35-year 3%& deb
——1971

78%

45%'

135

Air

gold

Mo

2%s

96%

88%

1990

A

series

119

•

96%

:

v

Bt Paul

Bcioto

of

i

1989

IA 1st term & unifying 5s

of

tr

•

76%

mm.*,
.

certificates

bond

inc

2%s

73%

'

Co

coll

&

Oil

Union
1st

ISt Louis-Southwestern Ry—
1st

Union

100 "V

*100% 101

M

t§AUnion Elev By (Chic)

2

.

Electric

1st

93% 100

V

71%

J-J

-

4%s series A

ACertificates of

-

P1''.

.

t:

1950

deposit

w

J-j'pP

1950 ;//>

series B

5s

ACeUificates
ACons

A

ser

32

__-y

97 :

1

U

let Louis
A Prior

*102%

/' V

ptPi.LT.iP

J-J

V

1990

Rocky Mt & P 5s stpd
5&n Francisco Ry.

104% 104%
v>,;. ■ t

50%

150

47%

Jan

1

9%

8%

9%

3,100

7%

Jan

10

Jan

Cyanamld Co common..—10
Foreign Power warrants-

54%

50%

54%

4,100

47%

Jan

55^8

Jan

.■

Jan

American

&

04%

Jan

48

Jan

American

Fork

48

Jan

60%

Feb

American

Gas

14

Jan

14

Jan

4%%

„

&
&

preferred

Hoe

common

Electric

100

Jan

44

111%

Jan

5%

Jan

23%

4

•

10

51%

24%

800

23

Jan

26Va

Jan

43%

44%

4,200

43

Jan

111% 112 %

450

3%

4

10,800

1%

110%

Jan

<?

:; y77.Y7»7y®

NEW ''YORK CURB . EXCHANGE
":'S#ife-S-;RANGE
:A

A7 ••'•A-8TOCKS—

'Y;y'A/
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York

New

7,,-.,

({,'J'''. % V;.-i'VA w'a •F
General

American

Corp

!'

common

Sales

Range

"

New

High
600

15

48%

:
■

14

Jan

15 %

Jan

Catalin

Corp

25

47

Feb

49%

Jan

Central

Maine

52

15

Jan

1

53%

Jan

Central

Hard Rubber

Laundry
Light

6%

Feb %

Central

Ohio

preierred
Mfg Co

25

Jan

46

Jan

Central

Pow &

24%

Jan

27%

Jan

Central

to

American

28%

29

22%

22

Y

Corp

28%

'

52 V*

125

52

Feb

19%

18%

10%

'10%

3%

2%

175

119'/a

Jan

7%

7%

,.

12 Va

4,500

7'y 9

Aircraft Co

Ciittiis

Cherry-Burrell

Feb

Chesebrough Mfg

121

Jan

Chicago Rivet to Mach

7s/a
12 Va

Feb

157/a

Feb

173/4

Feb

Consolidated

Chief

y;

Mining

Anchor

Post

—a

Fence

14%173/4

1,000

class

Common

6%

1,400

39 V4

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130

;

37%

7-\. '-"•'•v."

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■

.12% \

12%

u%

&

'

Oil

to

6%

4,000

6%

22,500

American

7

12%

.-.

12%

12-

:

Atlanta

&

B.rm

Atlantic

Coast

Atlantic

Coast

11%

"7-

Jan

7112%

j-

Clayton

Jan

Cleveland

Jan

Clinchfield

Jan

Clinton

11

114%

Jan

23

7, Feb

27%

Jan

13s/a

Club

Jan y

12

3,300

.;,7"y(7.y-'-

-£1

reg

•

Y"

Coast

RR Co

10%

~3%

"3%

.

.4,200

Jan 7/

33/4

Jan

Jan; y.y Y..

Feb

y

Feb

11%

2%

7-..

Jan

10s/a

f6% =jan

1

Co

"Jan

91

so

Utensil Co

Feb

Community

Jan

Community

Water

10

Jan

to

22 %

Jan

Jan

27%

Jan

Conn

36%

Feb

26%

Jan

Jan

y2

Rights wi

pj 7fo

preierred

Baldwin

de

Banco

Co

'

Steel

Barlow

&

,

•

,

•

'

.

iL)

A

5

common

1

common

1st preferredBrummel

Beck

(A

S)

Reliance
&

24
:r

Feb
Jan

B

17%

75
y

171

173

in

~5Ya.

_1

21%

21%

7%

tS) St Co
Ci

5%'

Feb

Croft

Brewing

Jan

Bourjois

Inc

Crown

6%

63/a

Jan

Crown

55 Va

56%

Jan

X36%

37%

39%

Jan
Jan

5%;

Crosley Motors Inc

Breeze

Corp

Lgt St Pwr

Crown

Aeronautical

''rpWRter

29%

Oil

British

American

Jan

rets ord reg—,-<,„CTMa—_£1
Celanese Ltd—

dep

British

Amer dep rets

British

ord reg.......

Columbia

Power

Class B

Class
Brown

A

•

IH

Distillers....

Rubber Co

Bruce

(EL)

Bruck

Co

Silk

;

common

Burma

Hill

Burry

&

(P

H)

'

55;%
~93/4

42

dep

rets

14 Ya

14%
21%

73%

_

Jan

3Y8

12%
8%

Feb

'300

1,000

£1

4%

4% 7
7

41/2

300

Electric

Califorrja
Callite

Camden
Canada

Canada
6 Ma %

II—.1
—IIlQ

Power

H~
j
Fire Insurance...
II"! 5
Bread Co, Ltd
"III*
Cement Co Ltd commonlll

Tungsten

Corn

preferred

Canadian

A

preference..

Class B

City
to

Dobeckmun

Carolina

,

Co

Co

P

(J

Products
class

13

10%

11%

& L

W)

$5

Co

IIII*
II »
IIIIII*

(A M)

pfd—

com

..III

;

Products

Castle

•

& Co

footnotes

31%

Feb

103/4

47/ar

2,900

Feb

7Y1

see

10

page




929.

2%

7 y

1

Jan

Jan

108 V4

Jan

7 Am

16%

7

133;

77 4

34%

33

7

Jan

Duval

Jan
Feb

Jan

Jan

83%

22

Jan

29%

Jan

Jan

6%

Jan

4%

400

47

5,000

9%

1,500

25Vo

500

110%

Jan

7:

Jan'

Feb

12%

Jan

34

Feb

32% Feb

Jan

lll'A

Jan

28

Feb

Ay. 30%

Jan

4,800

11%

Jan

14%

Feb

29,300

1%

Jan

3% Feb
46
Jan
AA,7 7.%. Jan

Jan

31

100
"

6%

1,000

100

130

Jan
Jan

•

4%

II,600

39

.

,

A-

107

6,000
55,800

Jan

13

3,000 .

19%

Jan

1,900 . 7.15% Jan,
2,700
8% Feb
V'^600^., 7 18% Jan -

®'« Jau;

5%

29% Jan.

;

200.T.r.. 4y2 Jan..
...
55
JarL
6,600;
30% Jan

•;

35%

7' Jan

11

7;7

;

Jan
Jan

43

26% Jan $'■ 7:
3/4 Jan

.

Jan

6%

Jan

10% Feb

400

33%

Jan

5 Vh

Feb

20'A Jan :

A 18

7.

9%

Jan
Jan

20%

Jan

y'7.7 8

Jan

32% Jan
5% Jan
.f Jan

f.7 7
>y.

•YVg-1,58

36%

Feb

38% Jan
7 A 13% Feb

32*% Jan
8% Jan
17 , Jan,

__

12

12

100

\

A

^

—*

..

23

Feb

,20

,

A

>

16%

__

10

•' 24%.,241A

-

Feb
Jan

37 Va
"15

; Jan
17% Jan

Jan

178

Jan

170 - Feb
A13% Jan

Jan
Jan

23%

-

;:25% Jan

Janj

v

24 V2 Jan

20%

Jan

'21V4

Jan

4%

Jan

v. 7

Peb

6,400

8%

Jan

200

32%

Jan

12% Feb
37% Feb

37

Jan

39s/2

Jan

17%' Jan

19%

Jan

;y:

8,600

__

19%

17%

19

3,600

7

7
V

—

common

24%

Feb

29%

Ja^n

45

Feb

66

Feb

87

Jan

23
45

A A: 800

68%

•'100

6%

8%

102,400

'

,

8 Va

'

•-

Jan

8%

Feb

Jan

41 %

Jan

12% Jan

15%

Feb

5%
40

;

14%

14

4,800

84%

Feb

783%

__

84%

Jan

84%

125

85

■

Feb

91%

Jan

Jan-

65

Feb

Jan

103

62

62

A; 50

62

103

103

25

98

-

*

<

..—--———£1"

Feb

68%

-10 '..'l -L' '7:
—*
— A

;

22%

?Y.

44

M

—

' 300

22%

—

•

8ulphur—-

Texas

Jan-

164 •'

-300

.

7«r7 -C: 7"^"**

•,

Jan

711%

1

310

12%

12

—

2^/4

13

140

10

168.

Jan

13%

2,500

53

Feb

36%

7

,400

13%

.

30

Jan

23

3,800

37

137

.

50

-

25

37.

,

.

7

10'A
16

•

.

•<

1

%

100

9%
16

155/8

.

16

,

4,200

t

A Feb

110%

10A Jan

400

10%
18

8!/s

—

• ; 7 __y :,7
—1
9%
•
i6 v

Jan

Feb

19% Jan

Jan

10%

Feb

16

6%

Feb

1,800

E

Feb

15%

Feb

20%

13%

Jan

16%
4Ys

Jan

34%

575

30

Jan

35

Jan

32%

Feb

34

Jan

26%

263/4

27

20

Jan

27%

Feb

57

54%

57

52%

Feb

59%

Jan

133/4

13%

1334

20

21%

prior preferred
Malleable Iron
States

Washing

—

Machine B

Stores
common
$3.50 pfd formerly $5

117

Jan

14

Jan

Electric

20

Jan

22 Ya

Jan

34%

Jan

41

Feb

'-■■■

$4.20

Bond

ofd.

to share

formerly $6

*4%

78

78

75%

97%
71

77

* 3,100

3%

Feb

80

.

Jan

42%

Jan

Jan,-

Jan

104%

Jan7

.A Jan

Jan
Jan

1,

25
40Q

5

Feb

J
•
*
-*<
*

74

A Jan

80

71

Jan

.79

51

75 %

Economy Grocery

Jan

~4%

"4%

Corp

Jan

400
675

40%

7$7

Easy

71%

71%

preferred

;

8

I

5,200

7%
%:
73%

103 % 104

104

preferred series A
7A $6 preferred series B._
Eastern Sugar Associates—
$5 preferred
,

6%

73/a

Assoc common

Eastern

Jan

Jan

4

St Fuel

Eastern

Jan

100

Gas

4%%

32% Jan

14,300

12 Ms

Feb

9 y4

Jan

*

4%

117

Jan

12%

71.%

7

A

class B common

Hosiery

Test Corp

Jan

800

17%

13%

li %

dep rets ord reg

Durham

liYs

16

Jan

Jan

A;v'112

5,000

D19%20'A
>f 7"% 7 8

—*77, 85

Rubber Co Ltd—

Dunlop
y"

Duro

25

30

Feb

118%

115%

700

16%9

33%

Jan

.3%
91

600

15%
8%

28 S7::,;l4%
•
7.77

Duke Power Co—

Jan

9%

10%

Jan

24 %

\

Feb

4,700

17%

-

Jan

20

10%
27% ■
4!/2

5%;

Jan

5

80

-

■ 6%
6%
102
102%
5
5'/2

10%
26%
3%

Feb

23%
44 %

Jan

85

I,200

i_

__

.

common—,—.—*.,7

Co

A Driver Harris CO————

13%

Jan

10%

Feb

Feb

5

Jan

4.7UC

31%

IIIII*

A

common-.

Casco

For

12%

■

4V8
9Ya

;-'y7

17

2,300

:

Jan

20

1,500

-3%

lll'A 111%

35%

..-

Draper'Corp

6%
«

■

■

23'A

__

reg———y£1

Ltd
Dominion Steel to rnal B—
Dominion Tar & Chem Co Ltd

East

I
III""*

Class B
^nrnation

Carter

6

y

24% Jan 7

.-II—*

voting

Jan

•

Dominion Bridge Co

Alcohol—

voting
non

Jan

20'A
:2%
857/s

r

Co Ltd—

Domestic Industries class A com
7

:

11%

25

Canadian Marconi

Carman

''

—.100

Industrial

Canadian

Capital

'

12 Ya

.

5%

——-*

dep rets ord
Corporation

Am

7 Divco

Car & Foundry Ltd—

Participating
Class

5% Jan

4% : Feb 7,7

;

pfd

3%
44%

1,100

4%

__

,

*

—

'

4%

Estate

4%
;

'

Jan

83/4

5Ya

dep rets 5%

777:.. 5% Feb

Jan

23

Foundry.--—-—I
6%
,
6
6%
Detroit Mich Stove. Co common,^
1' ; 11%
.11" 12
Detroit Steel ■Products—-,.. •———10 7 ;-- 7' 36% 37 77
De Vilbiss Co common——
—10
—
7;Ay7 %, preferred
———-——10

Jan

77:

llYa

53/4

Wireless—

Jan

17%

^

Gray Iron.

Detroit

Distillers

2Y«

43/a

Sugar

3%

600

.

168

Jan

77

m

43/4

<&

Feb

__

Diana Stores Corp

10%

5Y4

American

Jan

40%

__

Jan

23

~~50o

Cables

Feb

%

Jan

80

Jan

.

153/8

Cable Electric Products common—50c

Calamba

100%

Jan

-37%

260

debenture.^——:—*.100

Derby Oil & Rsf Corp

-!

certificates

Jan

300
15,500

'

4%
19
<157/8
Pu.'8%

preferredLLL——-28

A Dominion Textile Co Ltd

trust

97

273,700

40
5%

21V2
4>A
...
'

27

t Detroit Gasket & -Mlg———'
A'7 q%
preferred—.——
—20

•7 74y7 Feb

'

Voting

'

—

————I

prior preferred

12%

...

,7

45%. Jan

39 lA
4Va

,

__

.'.7-

11%
r—

-

100%
i76

15% 16%
155
155

45

22 Ya

25c

2,800

%—

-

,

14 Ya

22%

IIl2%c
;

;

-.

%

,100

convertible——*——38

Feb

18

•

common

A

Jan

10%

42

10%

Jan

,

■.

5
common...———*
Lighting Inc common—.—2.50
Mfg Co (Mof,
—J J

68%

59 Va

2.50

Sullivan

Corp Am

11% Jan
33 7/ Jan

11 %

IIIII*

Ltd

Biscuit Corp

Butler

I

Jan

Jan

5%

SugaT

102%

58%

fl

Buckeye Pipe Line
Bunker

»

Jan

4%

—•
.

common

Mills

iP.Va

*4%

•

$5 prior preferred
Brown

7 27:,, Jan,

"4%

I*

...

U6

8'£

"4V4

Jan

Jan

■—

Dejtty Stores common....—50c
ueunison Mfg ciass A common—8

73% Jan

7%

7

Jan

6%

.39%

7%

Jan

15%

12,900

14 lA
13'/2 14'A
2%^',. \2% A, 3
-42
42 ^

Tobacco

omss

Jan'

24%
7Va

•

common

preferred

Forman

A

;...

.

Fence & Wire

Brown

class

...10a

16%

■7. 12%

Petrol (Md)^——i8
Cork International A—l-*„ 504.
".Drug Co common
,25e : po 17%

Atlantic

Jan

Jan

.

Davenportf Hosiery Mills--—w—:
Dayton Rubber Mfg new com.
.-50c
24

Feb
Jan

77

»K

83A

714

9%
42'A

'

__

—*

—

Jan

Jan

34

34

•

Am dep rects ord bearer———
Am

Feb

Jan

; 25

34

Cuban

Tobacco—

Co

37

7 Feb:

11

9%

*

,,

Curtis

31

31

8%

'

American

Feb

Feb

21

8Ya

Class :A——.

Curtis

Jan

5%

5Va 7/5%
31

31

Jan

31%

253/*

53/a

j

British

.

25

Jan

27%

55

28%

'77.7

29%

~*

Bridgeport Gas Light Co..
Bridgeport Oil Co
Brilio Mfg Co common.—-—:—

Jan

37

43

lll'A

common^..—•
>'r$6:r)preferred^L—L-LL-w-iLi—^^--10,

26
25

1

88

250

*
87
100
117'A
117
lH'A
100
112
112
112
1
11%
10% 11JA
8
81. / ; 80y2 82%
1
27
27
28
10
5%
5%
6'A
•
42% 43'/2
100
12%
12
12 %
—1 j.. 32'A
30% 32y2

Cent

'convertible

65

55

>-7'

__*

common..

49

Jan

Jan

n*-

Crystal Oil Refining

'Jan

150.

•

Brazilian Traction

Feb.

60

Feb

21

"

(ord reg)—£1

Crowley Milner & Co.—

Feb

Cuban

25

Jan

45%

v:

5%

..'

—8
Co.———1,

Jan

7

37%

?

Jan

19%

18%

125

27%

23

Petroleum.

5.7%

—.

,

1
convertible preferred.*....-.-—50

Creole

■

„.„.IOO J

Borne Scrymser Co

600

325

•

3,100

39%
5'/a

common

Jan

.■■7:6-"7

i

1st preferred

Feb

»

A_L——i————•

Petroleum

Cosden
:

Feb

&

preferred

$6

29Y8

143/4

6%-

•

—

Co common.

Con A)n

Jan

55 »/a

Ridge Corp common
1
$3 optional convertible^ preferred—.*

9

2,200

fa

——50

16

28

Blue

Jan

32'/2
10"%
45%

—-—*
Reynolds—6%

Courtaulds Ltd—
American dep receipts

38

253/8

|H

Coro Inc d_

487/a

y 33%

28

*

Range Co
Cornucopia Gold Mines

Jan

;

16

153/4.
38

l

Blumenthai

Co

Jan

21 Ya

common

7V8

37

■

100

100
*
————•

preferred

21%

"ly*

•

Boliack

prior

34%

303/4

~5Ya

common

Jan

9,700

__

Machine Co

40%

30

7—7; 7

Blauner's

(E W)

Corp

Couper

Feb

9%

9%

Btrasboro Steel Fdy Si Mach Co com—*
Bliss

1%

•Feb
'

25

j

common

Steel

Cook Paint & Varnish

Jan

.75

.

J

25

7Y4

in

:

17

*

Berkey to Gay Furniture

Feb

32

A 81 Ya

—

Gas

Textile Co
Continental Fdy &

Jan

12
20

y;r~f. y

x71

•

9

•

.

•

common

Consoi

Feb

21%
<

11'/a

7.

y

...

loo

common

preferred

Bickfords Inc

?.Y'-

11 Va

25

1

common

Hedges

Convertible

20%

x20

I

16%

1

—

Bell Tel of Canada
Benson

^

—7-

Corp

Aircraft

|

1

-

common—

Shoe

Jan

100

Ties

Beauni: Mills Inc

7"

12 %

Jan

Continental Gas & Electric Cc—

11%

«

.

7

7%

7v;

"14 5/8

14%

12 >/a

14%

,

Basic Refractories Inc

Beau

Jan

11

1

Mfg—

convertible

$1.20

Feb

20

^

-

Corp

Seelig

Baumann

42%

18Ya

Consolidated

shares,—

Barium

42%

17%

18%

Jan

30

fe'A

1

Utilities
Consolidated Mining & Smelt Ltd
Consolidated Retail Stores
Consolidated Royalty Oil
Consolidated

•;

Andes-—

los

American

1

common.

493V" Jan

44%

42%

30

Rubber

Jan

11

1,150

•

preferred series C

4%
•

17% Jan

15%

1,100

8%

'

preferred

Jan

16%
5%

1

Co

Feb

Jan

14=
14%
45
145

Jan

140

Jan

155

Jan

13%

50

Feb
Jan

34=
34%

Jan

146

100

4

165

Jan

27%

8%

;•

-—-Li-—i—————

series B

4%%

•

150

15%
5'A

w——^

Biscuit
—

Consoi G E L P Bait

41%

170

27%

37

10%
45%.

'

Gas & Coke Secur common

V*.$3 preferred
■

44%

Jan
Jan

2%

19,300

300

80

77;32% 77

Service.——..—1

Feb

Wilcox Co

Jan

400

i;

Public Service——25

Co"coliriated

Babcock St

17"!

8y2

wariants—

Commonwealth

26

Baldwin Locomotive—

Jan

16%

100
Southern

Jan

18%

j

..

,v

-

—

Co

preference

5%

:>

Plow

18%

,,

15

30%

29%

|y 81%

—100
1
——•

Inc

—.5

:.....

1,000

8%
19%

Compo Shoe Machinery—
V t c extended to 1946

...

Jan

46

8%

Ayrshire Collieries cnrp •

48

600

45%

27

25

Jan

—

7%
18%

•

& Sons common—

Feb

40

950

46

J

preferred

152

48

30'A

8%

Feb

22 >A

Jan

600

18%

11 %

Machine

Jan

17y4 17%
3%
3%
154
165

—

common—.——*
Colon Development ordinary
Colonial
Airlines
1
Colorado Fuel & Iron wrnts (new)—
Colt's Patent Fire Arms
26
Columbia Gas & Electric—
•

pfd—100

Fisheries

line

Industries

Aluminum

Jan

•

*

Feb

Jan

17%

•

Corp

22

16%

Jan

;,7\.,|:7'77,':VI:

"3%

Coal

Feb
Jan

20%

13,600

.,

10 Vb
29

100

—1

Illuminating

Electric

Feb

Jan

6'A

800

Inc

Lambert

to

45 >4

300

Mfg

Lights

Neon

t

46 y2

22
22

32'%

1

Co

Products

(B Fi

6%

Claude

Jan

7%

•

Feb

600

Jan

7

14%

Feb

Feb; v'

6

7 6 Va
10 3/4

■

Controller

Voting

Automatic

^Automatic
Avery

Clark

Feb
Feb

Jan
Jan

20,100

149% $ 146% 151%
14%
.i,
- 144
145
16"A
153A 16%
.. .''11%
12'%

.

•

Jan

142

■;

23

47

17%
3%
155'A

# j
10

City Auto Stamping.;
City & Suburban Homes

Jan

37
36

150

—.i——*A..: -7,—' 77/77 14%

JanV.y

1153/4

Plywood: Corp.—..—I

■

7

Feb

67/a
42%

'

Atlas Corp warrants—

:Atlus

Jan

19%
<■"

Jan

7112
■'

Feb

9Ya
;

preferred
preferred
7%$0 preferred BB
60c

Feb

142

32

*

$6

Cockshutt

Associated Laundries of America

7

.

Industries—

rects

dep

7-

-

114% 114% ,;;-7
10
23
25%
1,900

25%

1

Co

11

10%

.2.50

Refining

Electric

Associated

37%

•

6%

Light $7 preferred.*

Equipment Corp

Ashland

.

Feb

:

5,000

<

6

6%

6%

-10

Power

Jan-.

18 7 Jan
y7Y 5% Jan

400

•

*

non-voting

preferred

Arkansas
Aro

A

15%

"y<_wy;y"

■

'•

93A

2,100 7

15%

f V.'
I::"*6% ' ^ :7~6'77 ~6%

•y

Gas common

12%

'

1

Inc

Arkansas Natural

7

y:.

,7'YOil Co Ltd— Ayv- A
Am dep rets ord reg.
..A*1
Angostura-Wupperman
•
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%% pfd__ IIoo

Argus

13%
16 7"7-

Y

—1

Angerman Co Inc common.
Anglo-Iranian

Jan

r

22

__

,

10

common

13%
48

'

4
1
,—100

SChilds Co preferred
Cities Service

.

V

Chicago Flexible Shaft Co common—•

Feb

59

Jan

:

Feb

Jan
Jan

20%

23

23

21.

117 %

106

120

150

9%'

Jan

Feb

10%

550

9%^|:...'8%

Jan

21%

37

10,900

45
139
46
44

42
40

Jan

103%

Jan

117%

%'Feb

120

Feb

18

16

Jan

105 Vo

200

12

42
130

5

common

500

20

10%

42
A 40

.

10
5
25

common

oorp

Jan

13%

117% 117'%

43
139

i

J

common—

Chamberlln Co of America

Feb

Jan

Jan

6%

Cessna

7

1

Feb

3%

Jan

43

5,400

11%

12

.

2,800

57

54%

4,100

:

11

Jan

*

-

100
100
100
—100

—

203/8

.7.

Jan

."7%

«

common.

Jan

97,200

11

3

57

•

1—3

preferred

56

»

Jan .;

8%

3%

120% 120%

«

Paper

155/s

6,200

19 Ye

Feb

•:V

liy2

50o

preferred

6%

19%

'——.100 "7//%, .■/:

pfd opt div ser
Conv pfd opt div ser 29

6,500

16%

105Vb 105%

105%

V

.

Range Since January 1
High

120

1

.

Utilities

West

preferred

I'ie

5%

Proancts

Conv

Jan

-■<

Jan

52

Jan y-

5 Ya
46 %

:;•

Jan

41

2

Shares

iY:Y

High %Low

14%

16%

1
100
pfd__100

pfd

4%' pfd

Lt

South

SCent States Elec

Jan

24.

Jan

400

10c

$6 series preferred
5%

7

46

•

Writing

11,300

3234

Jan

y 20
■77 4%

,7 ,700

v7:1,100

43%

...10

com

preferred
Thread

22%
5% '7- 5 %

5%

•

Republics..
Seal-Rap common

Superpower

,

•

Chemical

&

American

43%

1

;

Potash

American

300

8,400

-

"

American

$6

44%

26%

;:.V7 26%

Co.—.

American Meter Co

1st

Jan

1%

Power

Steel

25%

:44

—25

common

common..

Matacaibo

American

7,24 ;

York

44

—20'

Mach..

Trac

to

American

Amer

33% -.7 2,750

27

32%

.

of Prices

Low

■

■

Sales
for Week

Last

Exchang*

America

Power

29

American

American

Eiiiierlcan

—25

Co

Curb

of

New

333/4

•

American

York

AiA'vA/v''.. A!''-Par'A^:;:-

.

' Y Y.

■;

Week's
Range

Friday
Sale Price

Range Since January 1
y
High
Low
7

-Y ■ ^v-1/

.

,

yv'Y.

48%

1

;7

Y-',=''77. 7777.Y '77,■: v7Y

■

STOCK&

Shares

Low

-10c

—

preferred
$2.50 convertible preferred

FOR WEEK ENDING FEBRUARY i.i

for Week

of Prices

Last
Sale Price

''1'" For

convertible

$2

Week's

Friday

Exchange
s ; ,7

Curb

■;
?.v

925

FINANCIAL CHRONICLE

THE COMMERCIAL &

Number 4465

.Volume 163

Jan:1

56%

Jan

•

;

F^b

11%

23

<

75%

78%

-

21%

23%"" 45,500

75

% :

75%

600

77%

78%

1,200

Jan

14ra

Jan

25

Jan

29%

Jan

18Ya

Jan'

72

Jan

75%

Jan

THE COMMERCIAL & FINANCIAL CHRONICLE

NEW YORK CURB
STOCKS
New

York

Cork

Friday

Exchanfo

Week's

Rang*

11

„

Elliott

Co

5%

9%

11

Pipe Line

Eversharp Inc

38%

16,600

51%

200

it 51

111% 111%

•

20

109

14%

10«

14%

>

1,200

3%

3%

52%

x52%

54

18%

17%

20

•

Imperial

Jan

62 ^

Feb

38%

Feb

Jan

3%

'••."'••52

Jan

13%
1

: :

'111%

Feb

Jan

14%

Jan

4%

f

■

55%

56

Feb

100

30%

Jan

32%

Jan

59%

28%

14%

Ireland

14%'

13%

14

29%

a

14'/8

.14%

29%

Indianapolis P St L 5%% preferred.100
preferred
.100

Pairchild
$2.50

Engine & Airplane
pfd

Fedders-Quigan Corp
Federal

Jan

120,000

5%

Jan

300

75%

Fansteel

Fire

13%

23%

Metallurgical

2,700

23 i'i;: 23%

110

Brewing

17%

8
7y
P; 97% 110%

8

conv

Falstaff

1

Compress & Warehouse Co

Association

; 74

.17%

;preferred.—.

Am

dep

Ford

Motor

of

rca

if

69

—

Canada—

8%

26%

13,700

•

Class

Feb

1,600

voting

29

Fort Pitt
Fox

of

dep

Brewing Co
Brewing..
Distilling

4%

Jan

■.:

Jan

92 y2

Jan

850

94

Jan

26

' Jan

-■; 33%

Jan

60

Jan

Feb

28%

Jan

;28%

Jan

;.r'23Jan
19% Jan

■25%

Jan

convertible

9%

Jeanne+te Glass; Co—...

Feb

23

49

.

Jan

34%

common.

co

12%

common.

Co

pfd

Jan

1,300

11%

Feb

8%
17%

Jan

0%

Jan

17%

la

10

200

7,200

•

250

12%

700

9

28

900

26%
106 -

14%

t

enm

20

MS—

•

10%

•

•

—

•

36

29%
I

109

Harvester
Alden Coal

Corp.

Gobel (Adolf) Inc common.
Godchaux Sugars class A
B

_I_

12,700

■'

Jan

Jan

43%

Jan
Jan

3%

3%

1,300

29%

.400
SO

Jan

54%

3% Jan

17

30

50

conv

pfd

25

115

J1

1,500

12%

36%

500

Paclfio

stock

10

22

2,400

24

;•-'

24%;:.

8%

Jan

Feb

44

••

,Jan
i

Jan

Feb

105

Jan

4

Jan

50

Jan

Jan

I

.

14

0

71

cf

common

28%

Jan

47% Jan

Jan

13% Jan

18%

Jan

23 Va

Jan

1,900

21%

Jan

37%

Lionel

12

>

4

y'.-'y- f-'-fy

II

"

voting trust ctfs
Brewing Co

jg

Feb

6%
12

m

Dept Stores

common

86

Jan

78

120

76

Jan

•■:

Feb

?

300

22%

Jan

y: 24%

Feb

y

8%

7%

Jan

9%

Feb

10%

11%

8%

Jan

2%

•:~

9%

170

88

2

32

W

17%

—28e

Rubinstein

_•

Class A

23%
16%

18%
■

100

16%

-l

-

preferred

«>

~IOO

w ,w

class

,22%

22%

24

12%
14

15 Va

common

19%
;

-

•'
'

17%

•

Feb
Jan

12

Fibre

29

Class

B

,

34

a

34

y. n%

18%

T-

28

11%
80%

Land .&

Ligonier Co

•

17%

—

common

1st

preferred
Hydro Electric Securities.
Sygrade Food Products—

;v

~3.%

: 3% :

50

25%

/.

:

37%

:'>

7,000 y :

13%

4,000

150

28

Jan

40%

35

33.

y

-

" ■■•

300 '1

27

47% y

16%

500

9%

9%

2,000

8

400

43

__

30%

48%

50

'

425

6%

7%
31%

700

Jan

Feb

Jan
Feb

115

26%

conv

For

arrear

52%

footnotes

see

Jan

30"%

3V8

Jan

48

17%




Feb

Feb
Jan

3%

Jan

Jan

900

42

Jan

50

Feb

21

Feb

26%

Jan

1,100

23

Jan

30

Jan

30%

Jan

14%

Jan

Feb

16%
27%

Jan
Feb

26

3%

28%
18%

17%

.

3%

.

104

Jan

30

Feb

19%

Jan

3%

Feb

15% Jan

3%

2% Jan

62,000

105

500

103

Feb

107%

96%

97%

/ ,775

94

Jan

97%

Jan

11%

10%

11%

5,200

10Va

Jan

12%

Jan

Jan

112%

Jan

111%
38

Mfg

Feb

47

Jan

Jan

>

Jan

50

Jan

;

7%
32

Feb

6%%

6%

Middle

Oil

pfd-

Mid\ ale

Co

Mid-West

35%

31%

Feb

35%

Jan

72%

70

Feb

75

Jan

18%

18%

Jan

19%

Jan

Scott.

-

6
*
•

*

5%

conv

P

Jan

4%

Jan

17%

Feb

Jan:

94%

Jan

17 '

Jan

22%

Jan

42

Jan

-J
preferred—•

conv

f

3,800
100

19%

Jan

45

Jan

16% Jan

2,200

19%

Feb

26%

Feb

30%

Jan

8%

9%

2,800

8%

Jan

10

Jan

24%

3,300

Jan

25%

21%

23%

2,300

23%
19%

Jan

26%

Jan

10%

400

8%

Jan

12%

Jan

50

109%

Jan

110
>

110

1,700

•

.

10%

9%

11

10%

17,300

6%

800

f

9%
■

58

:

:

'8%

"9 :!•

16

800

17%

8%

300

110

Jan

Jan

Jan

11%

Jan

12%

Jan

60

Jan

Jan'

,

•

Jan

'•

9%

Jan

Feb

237/a

3%

A»

17%

Jan

Jan

% .5%

Jan

117/a

Jan

13%

2,400

20%

Jan

24%

Feb

16%

Jan

18

Jan

3,100

3%

Jan

4

Jan

10,000

20'/2

Jan

;" 25%

Feb

15

16%

'

Jan

4%

900

200

5%

Jan

?; 16

Jan

22%
17
•

4

yy

22%; 24%:

16

12,100
f

13

?

Jan

(

——•
*

33%
46

%

33%

33%

39%

46

50

7%

7%

10

& .Cupply

12%

.11%

1
1

>,'■:• -y,

8%
12%

100

32%

525

36%
7

6

33%

5%

•

100

Jan

Jan

46

Feb

9%

Jan
Jan

11%

Jan

12%

38

100

33

Jan

39%

6

5,100

5

Jan

24%

Jan
Jan

2 9%,

33%

3,200

."9%

10%

4,800

•

50

pfd...

.'35

Jan
Jan
1

1/200
1,200

73

38

:—*

common

5%

19

26% -27%

•

common—

preferred
L

Jan

Jan

3%

22

Co.

&

19%

12 Vb

1,700

13%

5%

Mining Corp of Canada
Minnesota

Feb

1,100

12 %

common

Co

6%

23%

9%

100
—1
250
15
1
2.50

Refineries

Wohl

Feb.

3,800

17%

—1

Abrasive

Piping

Jan

6%

94%

3%

Oil

:

4%

43%, 44

$2 non-cura dividend shares
•

40%

10

&

$2

200

100

18%

Co——t

Corp

Jan

Jan

17%

19

....

Corp

Jan

20

3%

t c

West

Midland

r,

6%

16%. 17%
t c

,

v

48

16%

v

A preferred

B

Jan

Jan

>

common

Midland Steel Products—

Jan

Feb

>

8%

Feb
Jan

40%

Co

Ltd

Co

Chapman

Class

Jan

Jan

7%

Middle States Petroleum class A v t c.l

Jan

10

31%

929.

Jan

26%

•Micromatic Hone Corp.

Jan

18%
page

11%

82%

Jan

39%

Michigan Steel Tube
Michigan Sugar Co.
Preferred..

Feb

14

70

ctfs

Jan
Jan

.26

Marine

Warrants

Miller

preferred

Feb

18% Feb
21%

2,100

Co

Participating preferred—
Michigan Bumper Corp—

Jan

Jan

Jan

Harris

Midwest

5%

.

Jan

,30% Jan

Steam Shovel

Midwest

Dividend

Feb

Jan

20,800

■;

24%

200

Metal Textile Corp

33% Jan

Jan

22%

Internet

Mid-West

Illinois Power Co common.

34

Jan

,

9%

common

Messabi Iron Co

Jan

39%

45%

5

'

/

Jan

15%

'

;

1,200

30%

44%

y/

43% Jan

"12% Feb:-

47%

'

Jan
Jan

31% Jan
48%

15%

•

Jan

97%

Exploration-

(The B)

-Communication

Merritt

Feb

22%

115 y
,

52%

:•

31

Si 40

2,200

20%

37%

.800

18%

Memphis Natural Gas common
Mercantile Stores common

Feb

Jan

16%
50

Jan

.Jan

Jan

9%

•Com stk purch warrants

.

22%

32%

27%

:

,•

52
80

'•

Feb

Jan

73

•

commor

Mead Johnson &

Jan

.■

13%

15%

10%

90

'•:!''' *':'i

•—-^

"3%

Jan

Jan

.2,100

10%
8ft

McWilliams Dredging

Feb

12%

13

Jan

Jan

50%

>

52%

■

Corp

35

Jan

137/a

325

Feb'

<■

20

■*•.

Corp common
>.$2.50 preferred

40

>--"•

.

■

•

21%

*/

41

23%

V.' &Z

31

100

'

McCord

67%

'

40%

Jan

-•

McColl-Frontenec Oil Co 6%

20%

*"

15

19 %

,300

20%

10

,

f

Jan

8%

,25

16%

.27:

Consolidated

Massey

Feb

,108

1,250

103

11

600

•

—

Mass Utilities Association

Feb

15%

'

45%

f

,

Feb

16%

*y;

21% Jan

*

preferred B ctfs of dep—

Marion

200

31'

?-j

/

900

17%

Jan:
Jan

5,800

20

47%
21

r

A.

Marconi

3,400

73%

37%

$2.25 preferred—

Huyler's

X49

16%

,

13% Jan

2,500

.

20%

•

>r"

—L-—>■

«.

;

Groceterias

Mapes

Feb

15%

200

..

1

31

33%

2,500

13%

14%

-10

Mangel Stores

Jan

'40

rr

:

80

24..,'

67%

i—-

Hubbell (Harvey) Inc
Humble Oil &
Refining

Hummel-Ross

111

I:-1'"

Corp

>

32% Feb

Jan

900

23%

13%
'

prpfprrAd

Manlschewltz

Jan

16 Va

y

400

30

preferred

Hussmann

16%

109

Hormel

16%

.0.' 4,100
100

\ X49"

Inc

Jan

15%.m

16%

(Geo AV. & Co common.
Horn & Hardart
Baking Co_._.
Born & Hardart common

21%

100

73%

,

M

Feb

O'O

24

A

10%

40

111

Heyden Chemical common

Hollinger Consolidated G
Holophane Co common

Feb

15%

15%

common

5%

15%

—.

common

f

Jan

8.700

13%

!

Feb

Feb

30

y

13%

!

2%

23

100

'i

ii

11%

400

Manatl Sugar optional warrants.

Feb

.

800

•

19%

6%

40

V

'

300
:

y;'

-a.

Lit Brothers common.

Jan

700

17%

xl8%

.'•

68%

1,500

25

78

1% Jan
29
Jan

Lipton (Thos J> Inc 6% preferred—20

Feb

4,000

12%

Jan

89

'100

29%
30%

-

56,500

32%.

30%

16%

6,400
11,300

YV

,29%

(R G) Ino.

Corp

;

i

114% Jan

23%
9%

29%

...1 y

Loblaw

/•Class

.

m.MM

V ./■'

y

Jan

38

3,400

'

.25

§

Mining Co

10%

,;.f

Jan

8%

50

6%F:
6 % '• • •;

:5%

14%

750

2,050

72%

6%

j

800

10%

X38V4

71%

1

Hat Corp of America B
non-vot com—.1

Corp

17%

.

2%

-1

_

Louisiana

10%

v

Jan
Jan

9%
'.

Jan

22% Jan

P>;

Corp

6%

16%

Feb

15;%
29%

6% Jan

350

1.100

's

,

86

Line Material Co.

25o

X38

Feb

25% Jan

23%

-

If

preferred!—

preferred
nil
nAVAlnpmAnt

Le Toumeau

Jan

012%

31%

1st

>

rnnverHhlP

Prior

Jan

1,700

34

new

B

Tj>nnard

100

X38

Feb

22

Jan

4,850

y

13

123

Jan

23 %

32%

Long Island Lighting Co—
Common ctfs of dep.—
-/: 7% preferred A ctfs of dep—

10%

Rayon

Stores

•>■.;:■■

18%

114% Jari:

Locke Steel Chain

Ltd

Hartford

Howard

>

Jan

76

—10

-5
Monotype Machine
Realty icommon.———

Lefcourt
>

Jan

51

-

1,200
400

;

cia««

•

Paper
Electric Lightl

5%

?

Jan

27%

88

§

1

Lone Star Gas Corp common-

17%

Co

Hartford

Horder's

Jan

23

•"'' >'•'

100

Langendorf United Bakeries class A.
Lanston

•

Hammermill

& Co

i

Jaii

112%

Jan

121% Jari

200

9%

12%
27%

4

Brewing Cft

Lane Wells Co

ioo

common'

v

123

19%
.

28%

—1.

Lakey Foundry St Machine
Lamson Corp of Delaware

Feb

Jan

58%

Feb

24%

Jan

51

20%

Tea—

■'• ft 123

■■

22
V,^'^r.T

100

pfd B

'Lake/Shore- MlnesLtd

Feb

11% Feb

:

Jan

Jan

9

2%

300

23

30

,

69

48%

65

Krueger

Jan

103

54,500

Ja$

Jan

65

•

31

miiit

Louisiana Power St Light $6 pfd.

(R)

,

110%

10%

convertible

Lynch

Hoe

Jan

33%
108
•

.Jan

25%

>.

Jan

6%

350

4%

111

Jan

,22

7,000

3%

19

i

common

9-VAS

.39% '.44y':4
13
13%

1
|

Gulf State Utilities $4.40
pfd
Gypsum Lime St Alabastlne

5% %

Jan

110% Jan

VM'.

Klein (D Emll) Co .common
Kleinert (I B) Rubber Co

Feb

109

>

Jan

21%

f

(Cal)

Henry Holt & Co

Feb
Feb

13% Jan
3% jan

,

109% Feb

-

,19% .Jan

-J1l.fe'j

11%

Greenfield Tap & Die
Grocery Stores Products

Co

;

Jan

106

:

40

Jan

IOO'

69

63

7 %
1st preferred
Great Northern Paper

Heller

y 32

Jan

'

44

3

A_,

Grand Rapids
Varnish

Hecla

Jan

3^8

11 Va

9%

Kresge Dept Stores—

Jan :;:i

7,500

.

Graham-Paige Motors $5

Helena

Jan

37%

x26

5

_

G M Co Ltd

Jan

27

24%
.-

Lake

Jan

110

3,100

66%

$3
preferred
Gorhaoi Mfg common

Hearn

39%

Jan

2% Jan
26

ylll?>yill%':

PPlrnlimm

6V4

111%

500

22

38

$4.50 prior preferred
I
Consolidated Mines
Mfg Co

Hazeltine

'37% Jan

.

;

625

109 % HO

,,1

9%

Jan

25%

Goodman

Harvard

Jan

600

100

Kobacker Stores

75

—

U 7%

.

,

Lamp Co
Bridge

5%

12

Knott Corp common

Jan

23%

Goldfield

flail

Jan

4% Jan

'

31%

27

Prnriiir.T.*

Kirkland

Jan

.5%

22%
__

Hamilton

Jan

Jan

11%

•

Jan

•,105%

V

•

Klihy

16% Jan
125

r

Gleaner

Non-voting

24%
13%

30

-V-/

Co

&

preferred

Kingston

Feb

260

37%

22

I-,T,

& Co

&

Jan

Jan

1

400

39

~2% "3%

>106% 106%

100

,

Feb

1,800

112% 113.

•
.

■

Atlantic

5Va

38%

U

—

■»—

preferred

Kings Co Lighting 7%
R <£.
pn»fAriw^ n
King Seeley;

M '11% Feb

Jan

•5%
6%
107% 109

*

preferred_.il

—

Great

.

Feb

112

24%

3%

—

(Walter)

4Vi%

Feb

53

Gray Mfg Co
Grayson Shops

Feb

103

Y

•

Jan

10%

1,300
1,900

Kimberly-Clark Corp—

Jan

f\' 17% Feb

Jan

«

class

19%

11%

:.Y

Kldde

Jan

18
V

Jan

110

•.'5*'

•

mm"'

^

800:

120

•

Co.

Inc

,

700

,

31%

——-—

Key Co common

9%

Jan

i'y.•:'.'

120

preferred

Gladding McBean

Gorbam

4%

38%

"3

Inc

Jan

14%

Jan

11%

/

Jan

26%

"13%

Preferred

Class

.18

"II

•

Co

Jan

.14%
97

Jan

12%

18

•

stock

N

Jan

100

preferred

$5
preferred
Gilbert (AC) common

Glen

300

•

12%

12

5^:'

.

Ken-Rad Tube St Lamp A—

13%. Feb

.

Jan

3,600

18

•

.;

Jan

9%

j

$6

Shareholdings Corp

convertible

Georgia Power $6

Gilchrist

67.

101

.

"

97

11%

II

common

A

14

15%

t

10

Outdoor Adv 6%

General Plywood Corp
Public Service

Jan

10%

12%

ft

common

General

11,900

:

8%

preferred series A
Warrants

General Firep roofing

' '

'

11%

:

5%

$6

kM*

w.—-yVv''

■

General Finance Corp.

.

13%

r._V;;,

Gen Electric Co Ltd—
Arner dep rets ord
reg

General

29%

64.

12%

—

Kennedy's

Gellman Mfg Co common.
General Alloys Co

Rayon

116

Jan

,1

preferred.

5 %. preferred

General

f

"wY;

Jersey Central Pwr & Lt 5%% pfd—100
6%
preferred
—
—.100
7*h .preferred—.—,
——100
.Julian-.d? gokeDge Co,li.ll i;';ln ,nli.ii,ii.lii.lllilil,«i*.:

Jan

Kawneer

General

Jan

•90

Jan
•

Kansas Gas St Elec 1%

Power

114

9,200

Iron Fireman Mfg voting trust ctfs—J•
Irving Air Chute—..
———1
Italian Superpower A

A15%* Jan

Garrett Corp common
Gatineau

40

Jan

33*

Stores

,

-i' Jan

160

140

'

35

Interstate Power $7 preferred
Investors Royalty

l

Froedtert Grain & Malt
Fuller (Geo A) Co
$3 conv stock...

Jan

103

v

—10

—

35

Co

Franklin

Products

Feb

hparwr

(Peter)

Franklin

Jan

30%

•

116

•
•

—

Jan

1,700

France—

rets

'

'

.

shs

coupon

8%

70

:

...

Motor

Amer

Jan

•14%

28% Jan

•

A

International Safety Razor B—
International Utilities Corp com

120

8%

—

Ford

Industries

29%

69%

27%

Jan

Jan

101

108% 111

—50
1

shares

International

Jan

•

B

28

200

—

Registered

♦ Jan

17%

Metal

Warrants

Jan

84

series—...
Investment Co...

International Petroleum

.

t

Class A non-voting

•

,"

International,Minerals and Chemicals—

Feb

1,000

^8%

12%

Jan

7%
15%
15%

Jan

13% Jan

1,500

27%

$3.50

international

Feb

x27%

as

_

700

98

10

7%

(Phila)

ord

rets

8

,v

21

Ford Motor Co Ltd—

13%

3,300

101

————100

Insurance Co of North America

Feb

110%

17%

15%

17 %

3,300

77%

.

32%: Jan
■

Jan

7%

International

16%

Jan

115

Indiana Service-6%
y

•

Preferred

17

23

'

.£1

—

International. Cigar Machine
International Hydro Electric-

Falrchild Camera St Inst Oo

800

29

7% Jan

Imperial Tobacco, of ^Canada—
Imperial Tobacco of Great iBritain

f

Feb

x41%

Range Since January 1

High

Industries—

Registered

Jan

'•'22

32%
57

Jan
Jan

3,100

32

56%

VA

Jan

49]/2

Co

Chemical

dep rets regis—.
Imperial Oil (Can) coupon—..

Jan

14%

Zinc

Shares

Am

Feb

1,300

•>

32 %

common.

Illinois

Jan

•

24% Jan *V

>600

Feb

'127/a

.

50- Jan'''••'••;

■

of Prices

Low

:,.:24%

Jan

19%' Jan
>

14%-. m 400
4% •
23,300

1

•

100

155

Sales
for Week

R»n<r«

Sale Price

High

Jan

6%

•:•?••

51%

common

new

1,700

'•;>

31

.

100

Inc

142

21

58%

38%

preferred

100

60 '

1

convertible

Low

-'r

.

Week's

Friday

New York Curb Exchange

57

.50

pfd

•.•y..,.' .'

15

stocks

Range Since January 1

21

-10

common

Empire District Electric 5%

Eureka

i

v.;::

.IS

—.

Emsco Derrick & Equipment
Equity Corp comhion

$3

150

J

WatcL.Co

preferred

Esquire

High

150

150

mm::,

Shares

Low

♦

Electrographic ,Corp
National

for Week

of Prices

P*r

Electric Power & Light 2d pfd a
Option
warrants

Elgin

Sales

Lart
ale Price

EXCHANGE

.RANGE FOR WEEK ENDING FEBRUARY

■

Monday, February 18, 1946

8 % Jan
107%

Feb

6

36%
105

Feb
Jan

Feb
Feb

11%

Jan

107%

Feb

Yj

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4465

Volume 163

NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING FEBRUARY

Curb Exchange

New ^ork

/

.

Last

Week's
Range

Sales
far Week

Sale Price

of Prices

Shares

Friday

r

STOCKS

1,

.

v

con\mon——•
Corp*.-——*—_—*—.1

Molybuenum

—

common———,-*
Society A
Montana Dakota Utilities new com

Ward A—

18%

20y«

Low />•:

>

Moody

Investors

Morris

Plan

,

198

—

'

198

Corp of America——10c

8%

-80

City Cbpprr common

Mountain

Producers—.—.

Mountain Ptates

Power

31%

common:—-—
■

Jan

10%

Jan

Polaris Mining Co..——

Jan

57/8

Feb

Powdrell

-11%

Jan

197

Jan

202

Jan

of Canada*
preferred.———*—

1st

Feb

14% Feb

Power Corp

6%

14 y4

Feb

48

Feb

.'122 ■% Feb

Jan

50

Jan

Pratt & Lambert Co.——

44

Feb

10%

Jan

Jan

5%

Feb

Premier Gold Mining———
Prentice-Hall Inc common—*——.

82

Jan

85

2,300

9

Jan

10%

Jan

Pressed

of

15

Jan

20% Jan

Feb

Producers Corp of Nevada

„

32

.

144%

19%

19%

16%

16%

Jan

18%

Jan

1,200

16%

32

Jan

26%

40 ■'

v:

;

28% Jan

250

,

,

,

100

300

150

Feb

Metals

Jan

2%

America.

3%

Jan

2y8 Jan

100

14% Jan

16%

Feb

10

Feb

10%

Jan

19"%

Jan

Public Service of Colorado—

17.

151/* Jan

Jan

106% Jan

Gas.

Jan

Jan

112

Jan

109 y4

1st preferred.

108%

112

107% 107%

8%

Jan

110% Jan

1st preferred.—*..

$5 prior preferred.
Puget Sound Pulp & Timber—
Pyle-National Co common
Pyrene Manufacturing

'

26%
6%

National Breweries common
7%

preferred

5%

Jan

23,700 :

42

28%
6%

-

Jan

Jan

Feb

43

23

Jan

25%

Feb

20

Jan

22 y4

Jan

15%

Jan

18

Jan

108

Feb
Feb
Jan

Feb

25%

16%

20

18%

19

16%
18%

21%

Jan

28%

Jan

6,800

16%

20

2,800

14%

Jan

17%

Jan

20

!

Jan

24>A

Jan

17%

Jan

19%

Jan

22%

22%

24
—-

National Mfg & Stores common—
National Rubber Machinery-

Jan

26

Feb

15%

Jan

4%

Feb

;

100;
1,900

[[

Car Ltd—.
14%

14

14%

I

National Transit.

National Tunnel & Mines common.

4%-

3%

Union "Radio-,-—*.——,.

13%

12%

National

Jan

.

National Fuel Gas

Steel

23%

'r 'j'i-i tO"??

National City Lines common

National

6%

1%

National Bellas Hess common..—

100

26%

Feb

.

Prosperity Co class B——
Providence

7%

——

3

.

Feb
Jan

Jan

28 %

Puget Sound Power ts Light—

Nachman Corp

Jan

10%

32%

8%

27%:

v

Jan

Jan

Jan

8%

4

6,800
..

14

27 V2

22 '/4 Jan

.200

Alexander—.—

&

7Vz Jan

Jan
Feb

23

175

4

High

Low

7%

7

6%

600

11,800

;

19%

2%
*

:7.%

Range Since January 1

High

Pneumatic Scale common*

47

27%

27%

Muskogee Co common

Pleasant Valley Wine Co-

Feb

20%-Jan

150

149

Tel————100

Mountain StateB Tel A

10

0

.10

Murray Ohio Mfg- Co—
Muskegon Piston Ring

Jan

207/s

125

5%

Mountain

32%

400

9%

-5%

Shares

Low

Jan

■

30

22% 22%
S 47 [« 47%

22%

!

for Week

High

15

-

•

Power———*
partic pfd
—„•

Montreal Light Heat &

Sales

Range
ef Prices

Friday

20 -" Jan

25a

,

...

———*

-

30%

3,400
.10
9.10
Y- 10,500
Y:5% [['•r&Y;i,5%Y 21,500.
; .13%
12% 13%'.
3,200

Monroe Loan

Montgomery

30%

-

J20

Pictures

Monogram

\

/

Week's

Laet

Sale Price

New York Curb Exchango

Range Since January 1
:

Missouri Public Service

jtf..

STOCKS

110

110

Nebraska Power 1% preferredNelson (Herman) -Corp^——.

13%

600

4%

Jan
■

3% Jan

4,700

14

19,900

7%

Jan

170

108%

Jan

103% Jan Yr
167% Jan

108

175

175
18

Jan

16

Feb

14

112

110%

106
172

107%

Quaker Oats common.
r 6%
preferred
Quebec Power Co

Feb

22

20%

22

500

19

Jan

24%

Feb

Neptune Meter class A—

20

19%

20

700

19%

Feb

22

r'i

Jan

Radlo-Keith-Orpheum option warrants.

Nestle Le Mur Co class A

>'m'L

17%

18%

'600

12%

Jan

19

Jan

11%

11%

475

11%

Jan

[12%

Jan

88%

90%

1,250

94%

Jan

31

Railway A Light Securities
^ ; [■
.Voting common———.—.——.10
Railway & Utility Investment A
1:
Rath Packing Co. common
.10

.

New England

[[' 6%
«'•

•

.11%

Power Associates.—

90%

preferred—

■

Clock

New Haven

;Y-

46 Y

31

81

1,800

7%

,7%

400

-

7%

7%

6,800

N

Y

Y City Omnibus

Auction Co

NY
N

Y

23%

24%

Reed Roller Bit. Co—

32%
31 Y; Y

31%
29%

37%

40%

3%
11%

4
12%

32 ••••*•'.

,81% Feb
8%

59%

Richmond

Feb

Rio Grande Valley Gas Co v t

24%

Jan

28

Jan

18%

[ 64% Jan

Jan

30%

■:

109

pld.100
N Y Water Service 6% ptd*..*^.*100

92

1st

100

preferred

2d preferred

5%

Rochester Gas & Elec 4%

Jan

warrants.
Niagara Share Corp class B com——8
4%% conv pfd .—.*....—..•......100
Nlles-Bement-Pond

"3

"2% "3%

12%

11%

107

23%

Jan

105

Jan

18%

6,900

31%
7%

33%:

53

54%

50
•

Utility Securities

..........l
80

North Penn RR Co—

10%

u

10

Inc

Novadel-Agene. Corp /v,,,

28%

Jan

1,100

30%

Jan

1,550

25%

Feb
Jan

37'/a

31

347/8

Jan

49

Jan

20

200

20

5% Feb
35

55

Feb

[[ 8

Jan

12%

,

10

Jan

>

18% Jan1

3,000

X53

54%

7,300
17,400

4

21%

class B

37

105%
110

r

Jan

,

45Va Jan
45

Jan

57

3,100

12%

Jan

13% Jan

35%

38

Samson

Feb

Jan

500

13%

*

common.

4% [; 5%Y[. 28,800

38%

preferred.—.—100
1st pfd—-1C0
100

38%

650

38%

Jan

Bchulte

Feb

39 ;.

3% Jan
34% Jan

■■

Jan

6

Feb

39

Jan

Feb

lo

116%

Feb

118%

Jan

30

Y

-

110%

111%

Jan

42

Jan t:
Jan

400

45

43%

45

19%

19

19%

22

23

15%
12%

Jan

900

18%

.

Overseas Securities,

;

Jan

•

45

Jan

■

„I

118

Y

Jan

700

B——*,

6%

24%

,

f

6j/4

Pacific Gas A Elec 6%

42%

43%

Service.

106%

—

1,700

40%

;

Feb

16 y4

Jan

22

Jan

25

J

.13%

:...12%- Jan
::Jan'

200

[Jan

105%

200

27%

27%

II%

11% Xll%

25,000

117%

Feb

Jan

26%

.29

l
Penn-Dixie Cement warrants.———

20

Pennroad Corp common.—

^28%

'

8%

['

8%
T7%

=

Pennsylvania Edison Co $5 series: pfd.*
12.80 series preferred...*—
Penn Gas A Elec. class A com.:
Power

& Light

4% %

82

10%

:

37%

pfd—100

———3.30

7%
114

,

;

':

.-8%

*

Pepperell Mfg Co new common..*—20

:

8%

65

Jan

50
..

•

20

Jan

48V2

28,800
.

.

780

-82%

82 V

[-58

"■

7

900

113% 114 •'
82

8%

9
84%

113%

Jan

Feb

9

r

Jan

•

Jan

84

Jan

7%

Jan

29

21%
=

Jan

.

[ 400

57%

58

•

•

,[[

500

Jan

54%

Jan

18%

A;. 500

29%

450

16%

100

(D A)

common—

Jan

21%

27%

Jan

62
-

Scranton

11%

Elec

Mines Ltd—.

——.1

v

-6%

5%

[

13%

12%

Pltney-Bowes Inc

6%
14

8,900
7,50a

50

Jan

B)

8

Jan

8 "

Feb

■

58,200 [
...,

-

300

Y

Silex

113

10

113

Jan

113

171% 172

130

162

Jan

179

Jan

17%

Jan

•21

Jan

6J/a

Jan

9%

Jan
Jan

19
7%

20%
8%
6%

:

1,400
1,400
24,300

■

>1

Co

20% ;21%'

20%

m

27%

6%

100%

■

34 y4

v'

11%

V 9,300

8%

Jan

i 2,000

12

15%

3,000

—

14%

City Gas & Elec Co—
:,
3.90% preferred—
—100
Smith (Howard! Paper Mills..—
*

:

336

—1
Solar Manufacturing Co.....—....X
Sonotone Corp—
—1
Boss Manufacturing common*..——1
Co_—

South Coast Corp
South Penn Oil-.

common^...——1

Pipe Line

————28
.....
10

19%

800

8%

7%

348

336

original preferred——,——..28
preferred B_
————29
5%% preferred series C—.——25
Southern New England Telephone—100
Southern Phosphate Co....*—.*—10
6%

Feb
Jan

Feb

Inc..—

Standard Brewing

Co

—.2.78

13

Jan

147/a

Jan

Standard Cap A Seal common,—
r*
Convertible preferred...——.—10

Feb

47

Jan

Standard Dredging Corp

360

73%;

Jan

76%

Feb

2,350

24%

Jan

32%

Feb

-

$1.60

common.—1
convertible preferred..—.—20

Standard Oil

27% Jan

Jan

,

15

6%C

4,100
47,700
2,800

7%
14

13

8%

-

•

5

Jan

10

12%

Jan

8%

Feb

56%

[

1,200

,51
32%

Jan

11% Jan
;

600

9%
60

57

[117%

12,400

Feb

Jan

■'[3.1.%; Jan
51

31%

[

300

31%

2Vk
12%

374

Jan

7% Jan
106

23%

Feb
Feb

15ya, Jan
7y4 Feb
14 y4

Jan

[[ 10 y4 Jan
62

Jan

,.33% Feb
51

Feb

32%

Feb

30%>/.Jan

31%

Jan

.

150

1,200

11%

.

V3iy«rJan

44 ftjJan

-1,000

11%

Jan

8% Feb

Jan

Feb

106

10

48

Feb

,

7%

2,800

23%

13%

6%
336

23% Jan

Jan

20

190

106

20%

Feb

151 [

111%

",Jan

11% .Feb
11

y4 Jan

150

14%

Jan
Jan

13% Feb

(Ky)_—————10

16

16%

200
[[[ [ 400

18%

Jan

10%

11%

-: 900

'9»/4 Jan

12

Jan

13%

—*——10
Co.———8

Line;

Spencer Shoe Corp..—

Stahl-Meyer

"6%

I5y4 Feb

21%

Jan
Jan

110% Jan

22,300

.

7%

7%
106

10% Jan

130

1,400

22%

-

5%

Jan

Jan

480

Sioux

Southland Royalty

Jan

8% Jan^

:

48

£1

J(m

16%

Jan

25% Jan

20%

-100

Feb

300

■

111

111

v

11%
5%

'

15%

<21%

Jan

12%

:

100

9%
9%
- 20%
21%
145
149 :

Feb

29

300

12

Singer Manufacturing Co—
Singer Manufacturing Co Ltd—
Amer dep rets ord regis—

Southern

Jan

106% Feb

Jan

Feb

10%

common..—.—....1

Simplicity Pattern

Jan

7%

100%

24%

u

Feb
Feb

Jan

100 [

50

26

24%

7%
35

98

1,500

26

9%

[

Jan

4% [ 4%

106%

28

Jan

3% Jan
26 Va

500

98% 100%'
106% 106%

•

22

Ltd

Jan

-5%

Jan

Jan

■T

.,.27'

29,600
:
1,650

31

common..———.—

Pipe

257/8

Jan

18 y2

>

250

'-5%

27

34

-5

1,300

-

'

6%

convertible preferred

Solar Aircraft

Jan

5%

Simmons-Boa rdman Publications—

$3

.

150 v Feb
\ 46% Jan

[

100

r.

Sherwin-Williams of Canada.—*
Breweries

Feb

9% Feb

r:

6% Jan

Jan

4% Jan
50

■

43

27%

.1

Mining—.—..—8
Shawinigrin Water A Power..
-*
Sherwin-Williams common
28
4% preferred——————■—1°°
Slck's

Jan

Feb
Feb

10 y4
?

Jan

Jan

.118
Jan
42% Jan

-

Jan

9 "

33%
11%
9%

*

Jan

3%
42%

1,700 [

8%

8

'[[

Jan

24

Shattuck Denn

Jan

32 y4




Feb

Jart

9 v'

2,400

6%

Inc.

30 y4

76%

929.

Jan.,

10>/8

'

Sentinel Radio Corp common-

177/8

75%

page

22%

Jan

8%

1,100

135 s; 135

8

Allotment certificates—.———

(R

•

50

48

20%

—-——-—25

5 $5.50 prior stock.

323/8

29%

see

Jan

'

9%

172

—*

Seiberling Rubber common—^

Jan

76%

For footnotes

19%

29% Jan

20y» Jan

32V4

Pittsburgh

Jan

Jan

113

Selby Shoe Co,
——
Selected Industries Inc common
Convertible stock.

Jan

Metallurgical—*—, 10

2,800

Jan

40

10% Jan

7,500-

4%

—28

-*
Securities Corp- General—1
Seeman Bros Inc.——*.*.——*
Segal Lock & Hardware
1

Bemler

8%

Service--*

45

14%

20

>

43

common

Feb

14%

14

.

Jan.

7%

1,500
26,200

9

135

preferred^*—.*—.—*.*—*

Feh

2
RR———— 50
Pittsburgh & Lake Erie.*.
——..50
Pitts Bess A L E

Jan.:

6% Jan
•
6
Jan.':'

[ 3,300

3%

pfd—

$6

Co

11

.8%

1

......28

Scranton Spring Brook Water

1

Ltd Am Shs......

Piper Aireraft Corp com.——*—.!

9%

8%

8%

9%

common

Southwest Pa

Jan

28 y4

Jan

31%
liya
8%

8

30%

50

Southern California Edison—

Jan

14%
•

Jan

Jan.

35 y4

500

9%

4

Feb

Jan

,•16

11'/a

20

37%

31

8%

Jan

9%
86%

78%

•

Feb

•

•

8

115
:

17%
-

Feb

67/a

'

Jan

49%

!

17%

-

28%

6% : 7%
7%
8

8

9

48

;

1,400

16%

Gold

Jan

7

-

Jan

50%
7

Jan
Jan

52%

[

*

28%

Pioneer

,

82

.4,100

23

Plnchin Johnson

8

Jan

5% Jan

•100

10%

9%

United Corp common

-

—•

Governor

.

,17% Jan

;

325

V7%

Jan:

([

„

85 [-

Jan

28

250

Pbila Electric Power 5%
Pierce

Jan

[[ 34

2,100

—

Jan

79,

•

pfd

Jan

20

•

26%. Feb

19%

Co—:

,[ 13

Jan
Jan

'[

17%

Packing

Jail

...

Pharis Tire & Rubber.—.———1
Philadelphia Co common..
Pnillips

Jan';

700

50%
29

Jan

Jan

22

: 21

50

j'< Convertible preferred
Scovill Manufacturing-.

14 v,' Jan

250
-

:

—•

Penn Water & Power Co„

Perfect Circle Co*—

84

28

50%

"28

—

27%

.28 y4

Feb

61% Jan

common.

preferred: A

Jan

-[Jan"-'

10%
18-

82%

Feb

[14%

35,500

26%

Feb

Jan

Motors

84

Jan

40%

Jan

i 27

xll%

43%

107%

Jan

11%

:

.

100

10%

111%

Feb

ill3%

30

.

13%

14%

r38% Jan

220

116% 117%

Corp*.
—_l
Parker Pen Co—jo
Parkersburg Rig, A Reel
—1
Patcliogue Plymoutn Mills.

Penn

43%

106% 107

13%

—•

.

$1.30 1st preferred
—,———*
Page-Hersey Tubes new common—•
Pan American Airways warrants
Pantepec Oil of Venezuela Am shs

2,800

40%

1st pfd.

preferred—.

Pacific Lighting $5 preferred—*
Pacific Power & Light 7 ft- pfd..—100

14%

25%

22

2,200
2,400
2,700

20

35%

Seton Leather common.
14 y

20% Jan

Feb

1,200

'

-14%

Jan
Jan

^'>•;

20

Sentry Safety Control.
Serrick Cerp class B_.

Faclflo Can .Co common*

4%
109

105% Jan

'200

6%

:

9%

10%

Savoy Oil Co——I
Schiff Co common-

55% Jan

114%
116% 116%
[Ul;[.< 111

O.AS-

18

*-,

Penn [Traffic Co**

,13% Feb

Jan

19%

26%

-20

St Regis Paper common
Salt Dome [Oil-. Co—

Jan

Jan

1,175

57

12%

Omar -Inc^*——

SI.40

Jan

2%

•

Feb

9,300

48

13

5%

Peninsular Telephone

8

23%
28%

22%

22%
i

-.1

0t Lawrence Corp Ltd.
Class A $2 conv pref—

Feb

104

10

55%

57

Oklahoma Natural Gas common

Paramount

4% Jan

Jan

I
6%

100

105% 105%

25

Ohio Public Service 7 %
»
6% 1st preferred

Public

Jan

Feb

54%

108%

Ogden Corp common.

Pacific

Feb

3Va

Jan

Jan

$6 -

1st

37 y8

Jan

9%
146

.50%- Jan

400

;;

Jan

Scullin Steel

8%%

900

10,300

i

Xl08% 109%

Co—.———1
[Petroleum.*..—*
Ryerson A Haynes common.——.1

:

Oliver United Filters

Feb

3%

Ryan Aerooeutical
Ryan Consolidated

Feb

Feb

49%

200

,

s

—1
' y't 'W «"rn Vii: ,♦

Northern States Power class A

Ohio Power 4%%

23%

'

'Feb

26%

Jan

135

150

10

18%

20

105%

pfd—100
20

Northern Natural Gas

140

v

8

Northern Indiana Pub Serv 5%

107

Jan

7%

10,400

54%

.*

30

3,800

8%

54

common

Brass Co

7,800

32%

.

Jan
Jan

18 Y

—10
Rotary Electric Steel Co——
•
Royalite Oil Co Lto.
Russeks Fifth Ave——2 %

Feb

Jan

Jan

58

'■[/>'r

$1.20 convertible preferred-

Feb

13

,

Jan

135

.Northeast Airlines

3%

Jan

3%

Northern Central Texas Oil

Ohio

109%

100
:

Root Petroleum Co.—

Feb
Jan

8

Northrop Aircraft

,i

3%

rets for ord reg.—£1
Rome Cable Corp common.
8
Ronson Art Metal Works
8
Roosevelt Field Inc
8

12% Feb

123%
116

,[' 11.

60

,

24%

common..!
•
Rayon class A———*

American

Jan
Jan

r

Feb

i39%

Am dep

Jan

Jan

,

1%

3,100
5,200

.

95

Jan

8& prior preferred
North

117

17 y3

North Amer Light & Power

B

13

105% 107

-

24%

'NomaElectric.*.**,——*--I

Class

8%

61,600
1,225

—J

Nipissing Mines-

North American

Feb

i.

112

—•

Nineteen Hundred Corp B

preferred

pfd F

Rolls Royce Ltd—

33%

Jan

-

24% Feb
111
[Jan

85% Jan

180

92

10%
11%
120% 121%

120%

109

40

100

.

Class B optional

16

W

109

90%

11%

Niagara Hudson Power common....—1

600

4%

31%, Jan
37% Jan

[

300

:

Roeser A Pendleton Inc—*

24%

shares—

Y State Electric & Gas $5.10

a 7v

; :

12

Radiator—.—-—.1
c—1

Jan

17%

60

23

40%
Y.:4[.[[

Stix Dry Goods....—*——*
Richfield Oil Corp. warrants
—
Rice

54% Feb,'

,

Jan

3'/a

1,300
750 :

Jan

24

55

Reliance Electric A Engineering...—.8

Jan

Shipbuilding Corp

Founders
N

23%

11%

9%

Merchandise*.

N Y

Jan

Raytheon Manufacturing common—50c

Jan

57

'■

,

Feb

Jan

11%

warrants*-.

39.

21% Jan

32%

38%

Raymond Concrete Pile common..—*
ii »3 convertible vreferred—**—*—•

*17% Feb

11

common.

32%

Jan

49%

54% Feb

Honduras Rosar<o—

&

Y'v:4';['

10% Jan

6% Jan

375

23% [
4%

Jaa

....

Jan

72

25,300

10

9

22%

[

Jan

30% Jan
<

;[

133%

Jan

40

.

New Process Co common

N

Feb

128

500

[[[ 78%

.

29%

50

31

.

80

Jersey line.

New Mexico & Arizona Land..

88% Jan

270

42

45%

Co

New Idea Inc common——
New

132

29%
133%

29%

133

Tel & Tel

England

.

•29%

S3 preferred—

New

'

15%
3y4

2,200

17% Jan

16

Feb

11%-

16

Jan

2% Jan

3%

Feb

35% Jan

43 xk

Jan

41 %

290

37

Jan

44%

Jan

8%

8%

3,900

6

Jan

8%

Feb

27 y4

27 y4

Jan

27 y4

Feb

24%

25%

26

Jan

3
37

-

V

x38

-40

4,900
1,000

50"

10,200

;

24%

24'/a Feb

THE COMMERCIAL & FINANCIAL CHRONICLE

NEW

YORK CURB

EXCHANGE

; RANGE FOR WEEK ENDING
Friday

Range

for Week

./iff

New York Curb

%

6%

Jan

7

Jan

Feb

160

Jan

'{■ Preferred

Feb

Products

23%

23/48

class

9%

Par

.

-U.1960 ;

s

f

s

f

1970

f

—1953 Y——195S;Xi

Feb

Assoc T & T

Feb

Atlantic

& Co common

Sterchi Bros

Stores

common

29

8

Sterling Brewers Inc

Co

Sterling Engine

Inu

Sterling-

(J

amines'

(Hugot

Stroock

Sun

Jan

Bethlehem

23%

725

20%

Jan

25

Feb

Bickford's

3%

800

3 %

Jan

41%

-4,450

32

:

3%

Jan

Oil

series

J-J

:,7

103

103

fi

109% 110 ''iff.
124%

$123

M-S

104%

104% 104 3/a

M-S

107% 108

t

109%

1193/4

$118

1998

6%s

Inc

6s

J 962

Edison

Feb

124

104

.

2%s

$113%

1970

1093/4

110%

118,

119%

113

'fi

10

115

105

„

108

108

'

-10

f

108

80%

91%.

82

93

66%

'

73.

Debenture

Debenture

$105%'-—>f

104%

106

58—W——1950

103% 104%

103%

104%

5b—

deb

Cbnv

.

111%

123

1013A

fX;ff7;f i 103 3A 105
7
v 107%
108

fi(

109% 110

^.1960

Steel

§ A Chicago Rys 5s ctfs (part paid)_1927
Cities Service 5s_
i
Jan 1966
V

105 Va

106%
104%

•

9
72

;

105

106'A

■V: S' vik;'.

103 y8 103%

102 %

102

.

IA Central States Electric 5s——1948'
fe; A 3.%s '
——1954-.

Jan

15%

10
■

:

103%

1957

B

C

series

Boston

Jan

34%

II

•106 % 106'A

Jan

.;42::;yjan.

Inc—

Corp

5s

Jan

44

38%

-

—i—

■

Pinch

5s

14%

•
1

Cement,

Portland

Common

M

Jan

Jan

39%

41%

Machinery

Superior

1st

8%

12

3%

Ray Drug Co——

Swan

:

Feb

Jan

3,300

21%

(S) & Co common

Sullivan

9%

7

13%

Corp.

$104% 105

J-J

1964

Elec 3y4s

City

High

102-

Telephone of Canada—

12%

—-

Co common

B)

Feb

Bell

16,600

1

Stetson

Jan

deb 5Vis A

January 1

v.Low

10!?% f;

$101%

A-0

;

No.

Feb

30%

Products-

sterling Aluminum

4'/as

Range Since

r

Sold

•

High

•-

J-D

,**—2024:

Elec

Bonds

Friday's

Low

J-J

1961

__

Appalachian Pow deb 8s

Stein

or

Bid & Asked

if f:'";

J-J

deos

Writing Paper 6s_
Appalachian Elec Pow 3'/48__

Steel Co of Ca

'

M-S

aebs

33/4S

Feb

"

.—.1950 ;,

Associated

(A I

Last

Sale Price

v';

debs

Amer

Jan

%

f

s

3%s

Feb

Starrett (The)

•"

v.,

American Gas St Electric Co.—

Jan

4%

Standard S lver Lead

Tube

f

Jan

%

Common class B—

Jan

Week's Range

Interest

Period

High ,-'

i,

.....

Standard Power & Light

Standard

Friday

■••'V'

Exchange

Range Since January 1

*/■' .YiYk^ffiYf: Par

Standard

'

>

ikkkyk bonds

Sale Price
7

FEBRUARY 15

Sales

Exchange

Curb

York

New

Week's

Last

STOCK 8-V.*.;\-'7"

Monday, February 18, 1946

105% 106%

105

106%

106% 106%

105%

—————1969

5c

EI Lt St Pr (Bait)—
series N
————1971

,

;

106%

Consol Gas
3%s

Taggart Corp common...
Tampa Electric Co common
Technicolor Inc
Texas

Power &

"i*

—.

Light 7%

33%

26

25%

—.100

pfd

Texon Oil St Land Co.———i.—_

1,8064

9%

Jan

1,600-

33%

Feb

3,600

34%

25%

Jan

k>. 10%'

Jan

122

ii:

..2

26%

28%

122

20

-

9%

9%

9%

f 21%

Textron' Inc

20%

21%

•

Jan

119% Jan

3,700

9%
20%

122

Feb

21,600

Feb

;

Thew

Shovtl

Co

common

B

..—.a.

Tobacco

&

Tobacco

41

1

Roofing Inc.'.._
Tishman Realty & Construction

1

18%

18'A

Stocics.—.....

,

Exports
Security Trust Co Ltd—
dep rets ord regis
"

'

Amer

dep

19%

69

69

f'A •')'•

'.

8

"""""

:.•!;y, : 'tjlXAShipyards Corp

Todd

Toledo
'■

7%

Edison

6%
.

69

Feb*

19%
71'/a

"

.

A—
4s 6er B
Eastern Gas & Fuel 3%s

Feb

9%

14%

Jan

14%

3%

40,900

2%

Jan

3%

118

8

.

112% 118

100;

Jan

10

108

Jan

114'A

30

114

Jan f :'<

41/4

10,900

3%

3%

8%

8%

45
*

5%
•

340

114

1

—

;

'

i

ZZZZZi i

v

Ktt os

&

12%

Union

Gas

Union

Investment

of

13%

10o

43% j 45%
- 4%
5%

2,000

12%

12%

15%

63^

Feb

•

116%

Jan

Green Mountain Pow

4%

Feb

Grocery Store Prod 6s
Guantanamoflr West 6s——

15%

'i;

Jan

Feb

3%

150-

12%

Jan

9%

,v;f42

•

Y-\vc'

,• v -

128'/a

Jan

Hygrade Food 6s ser

Feb

:

11%

Jan

i

''/

3,200

4%
11%

9%

9%

flOYi

;!Y'. 14%

Jan

8'/a

8'/a

300

i

9%

1st &

?

*,;1

—Ji

5%s series B

ref

Sei vice

5s.—A
—.

Indianapolis P St L 3%s_—A—
Unternational Power Sec—
f:fA6-%s series'''' CM..—
A6%s (Dec 1 1941 coup).
"

A7? -series

Feb

73/4

,

»

74

Power Co—

Illinois

3'% Jan
10% Jan

500

..if

.

105

160

Feb

12% Jan

1,300
3,700 '•

105

tioi%

A——J

B—

series

6s

15% Jan 1 f ;17% Jan

30

108% 108%
;

3%———

.-'V m-

1

Jan

1

100

*»4; /

5%,

,

.

Feb

20

1,100

13%

4 Va

103/4

•

128%

161

Grand. Trunk West '4s.—*w.--

"

Co

49%

1063/4

$105% 107

AGenerai Rayon Go 6s ser A:—

Feb

Jan

43%

.

21,200

30

74%

..10 " 7

Canada

81%

39%

$128% 129

A——.

a

118%
•

3%

8,100

1

Corp

Manufacturing Co_

72

1053/4

13

—

3%

Power

,111%

'

-

...

Realization

20

YflO'f

106

Bank-

1st Hen & ref 5s

Unexcelled

M-S

l9i»L

..

stamped

5s

Indiana

Ulen

47%

47

'

9%

24'%

•

convertible; preferred—f ;.v —f;.;

Udylite Corp.

80%

80

106

Feb

T-''

Tung-Sol Lamp Works

Water Lt

Elmira

Feb

2%

warrants

__i

80

106

AT-S
J-J

.1965

Finland Residential Mtge

10

1123% 126

Jan

7%

200

.7%

111% 111%

.

M-S

1993

1st mtge

Jan

3%

j* ;

■W

1993

1st mtge 4s ser:

Jan

4,200

1

Tri-Continental

80c

Jan

14%

'

Cnrp

Inc

15%

•

xl4%

1—180

preferred;

Transwestern Oil Co

Trunz

'

700

109%

108% 108%

of N J Division

Lackawanna

Gatineau

Tonopah Mining of Nevada.
T.ii*

Feb

•.*:>

prpfprrpd

Trarm

43

k Y21VV Feb

14%
*;

■

Jan

'.

•

def reg

recs

40

'•16-;- Jan

"

—

Amer

150

4,200

1108

.

.

Delaware; Lackawanna & Western RR—

'

'"

Tobacco

20%

'

Product

AHiea

42

19%

20%

—

108%

Jan
Jan

1

Tilo

mtge 3s ser P

1st ref mtge

Feb

10%
24

:

ref

109'

109

—1969
2%3 ser Q——1978
Consolidated, Gas (Bait City)—,
<
Gen mtge 4%s_.
—1954
1st

Jan

37

'

•

common

fiofk

9%
34

Jan

A7s

1941

(Aug

coupon)

'

Union Stk Yds of Omaha
United

Aircraft

United

Chemicals

100

Products

1

common

United

$3

Jd

•

Products

\

preferred

y

r

65,800

16%

16%

i' 28%
/

30

25%

—

Vi

21

36%

i

163s

■Mfi

J,, M

3,500

;

15

dep

rets ord

United

NJ RR

United

Prolic

Jan
Feb

100

10%

——

Shoe

Jan

S

U

S

U

S

Foil

Co

Graphite
and

.8

If;;-";

common

21

100

k/ii%

23

1,000

783/4

17

22%

■

1,600k ,'

18%

2,100

6%
94

16%

ii

7,100

ii;

Extended at

Nebraska

U

S

Radiator

S

Rubber

common

United Stores

United

common.;

New Eng Gas

5s

Universal

ntah-Ioano
Utah

N

f

10

Co.r-^rM.,,„,w„*

&

Light

N

^ ,
~6%

—.1

common

^

.5
„

.

Y

&

•

Ohio

5'

.

104*

Westchester

Continental

1st

5

'

.

'

•

'

Waitt

&

Bond

g. 3%s

k
•
ext."•
100

claee

A

•

■

Class B

Ward

Wayne

Went worth

West
West

Western

f.2fl

Utility $8 preferred

Coal

&

Coke

Maryland Ry 7%

1st

Stationery
Coal—^

Iric1..'..
Wovenberg Shoe"Mfk_'

Wichita

River

wiuiams

(R

.

Oij*

Corp..

&

32%

450

Products

V'.'r.iipeg Elec

common

B

*

Vv.-iivertne Portland Cement
Woodall Industries Inc

m

15%

16%

8,100

Woolworth
American

6%

Wright

For

(F

48

25%

100

43
'J

18%

140%

34

■

__

W;

Ltd

footnotes

48

25%

ff
4 4f-

8%

page

929.




100% 100%:

19

98%

100%

AT-N

100%

100% 100%

50

99

101

.M -N

107%

107% 108%

9

.1961
l«4tt

A-0

.

.103%

M-N

J-J

-

—

'

103

—

-

107%

1003/4

108%

16

-

10

103%

101

105

103%

105%

106%

9

103% 104
1106%

,

98%

62

100% '

100

103% 104%

104%

1964

.2004

Ltg 4s

.

—

13%

■_

:f

10634

101% 103%;

Jan

1107% 109

Jan

103/4

Jan

114

Feb

if;,

100
3,225

12%

600

10%

16%

600

;;

16%

Jan f

6afe

Feb

San

Harbor

F£b

Real

Estate

Southern

California

Gas

29

Jan

Spalding

(A G)

22%

Jan

Standard

Gas

31

Feb

16%

Jan

11%

Jan

Debenture

17%

Jan

Debenture

14%

Jan

16%

Feb

600

11%

Jan

163%' 16%

100

15%

Jan

.

6s
-

>

v.

£i

6s

Jan

~6%

Feb

AStariett

>

Gas

(Calif)—

St

99%

100%

107%

108 %

105%

106 %

102

ft103

J-J,;
F-A

1989

M-N

-

106
108

110%

108%

108%

11

104

105

28

100%

103

110% 110%
$109%

—.

f

104% 105

May 1948

—

A-O

■*\ 100% 101%

A-0

100% f

1-951

F-A

101%

1968

J-U

104

.—1957

F-A

103 % 103%

1957

F-A

103 »/e

.1950

A-0

-94%

May 1948

6s

Dec

debentures
&

Light

Corp inc 5s

6s

1

1 '

100% 100'/a
104

103 % 103 %
93

100

stamped

1948

J-J

42

94-%
42

•

V* 101%
V

24

101

102

12

101'/8 101%

103%

104%

30

103

103%

5

103

104

14?

■78

94%

A.

(Hugo) Corp—

A7'4s 3d

f

Electric—

6s

Power

125%

107% 108%

iioi

107% f

J-J

1970

5s

.

'

1971
1994

Ry 2%s

stamped..;

gold

Stinnes

4%

Indiana

(stamped)..

Conv

6s

Counties

mtge 3s

108

106% 106 %

A-0

Southwestern Gas at Elec 3 'as

1st

108%

125

1100% '-.kf".;

A-0

Jan

>

106

125% 125%

M-S

55

f

V

.106

J-D
J-D

1951

Jan

X

168

MS

1965

3s

39%

'

107

3%s—.1970

Scuilin Steel inc mtge 3s
Calilornia Edison

Southern

Southern

Jan

169

105%

.

1951

6s

Feb

Feb

167

106% 106%

1979

6s 3

Jafi

8 3/4

168

A-0

1952

4%s

Feb

13%

36,800

Water

19

Jan

6%

M-N

-

1952

:—

24%

13%

106% 107%
101% 104

106% 107
\

certificates

45

16

v..

103

106%

101% 102

—

x

Southern

-

„

105%

Jersey—

New

Joaquin Lt & Pwr

Jan

Jan

113

101

B

4%s

Jan

Jan

107%

107% 107%

108

108

of Colorado—

of

perpetual

Jan

Jan

105%

107%

—

extended

(Can)

Jan

18

87

107%
107%

Co—

Jan

24%

81

104%
104

Queens Borough Gas & Electric—

150

4

103% 106%

87

105% 105 %

5%s—

Power

Coke

18

100

"5%

&

Service

-■37
v

104%

183

104% 104%

Pwr ,4%s

40

1

kflOO :i-i

Jan

Jan

106.
107%
104% 106%

104

Light. 5s

f 5%s series A

Jan
>

46%
108

104% 104%

1st mtge 3s

Elec

Gas

Corp

6%

46

107

107%

107

4s——

24

;

IOO

14%

10

Bi

15

1107%

stamped

Public

Jan

7 -f

if 61%.

Jan

21%
31

16%

Zj*

Lea

see

108

1103

—

100%

...

Standard

;

r

M-S

■

if 1st mtge 3%s
Sinking fund deb 4s_.

Jan

—

receipts.

preference
Harareaves

26%

34-

250..
•

18%

1

deposit

8 3/4

13%

—'■% •?

2

Wuoaiey Petroleum

115

723A

107% 107%

ASchulte

43

j

Jan

113

Feb
Jan

114

f v-39 f Jan

Feb

Feb

49

f:

60

9%

23%

Jan f?

7

2,100

Co

Inc

Jan

Jan

5 %

,

300

10%
114

-

31%

400

2,650

58%

10%

22
114

' kV'

6%

58

20

10

'

7%

114

6'%

400
—

34

ZZl

4,400
•

31%

•

7

9%
22%

—

WiHson

115

■

Utility Corp-

Public Service Co

-p'kfi-

Illfl

&jCq.

ci

pfdZIlOO

codi.«

Westmoreland

(Wm

•

a

Western Tablet &.

Westmoreland

Whitman

—

.5%
5

Manufacturing

Texas
Va

8%
22

7

Baking Co warrants
Knitting Mills

J-J

Pennsylvania Water & Power 3%s

1

5s

Co_.

107%

2

J-D

5s

Power

preierred

108

106%
112%

,

70%
its .107
13

72%

(part paid)—

&

Power

Portland

Aircraft

1113

1st mtge 3%s——
3s_
—
—

Power

Philadelphia

7%

106%

.1947

.1954

1st mtge
Ohio Public Service

104

——

WagDcr Baking, voting trust ctfs

105%

103% 106%

.1950" *

A5%s series A

6

———»l

preferred....—....
Venezut'an Petroleum..
_"**
Vogt Manufacturing.....

Waco

u

no

.1948

Penn Central Lt &

convert!ole

.1948

Elec & Gas 3%s

State

Pacific

S4

;5s^-k-

Gas

5s-—

Park Lexington

▼aiettr Corp

109

22

10g

.

$5.50 priority stock-

71%

107% 108

—

—

& El Assn 5s

<deb

Y

North

40

—23%

common

....

.

4

-106 % 106%

106%

Debenture 5%s

—10

Equities common

72%
107%

England Power 3 Vis
England Power Assn 5s_—

New

wngar

Power

Ltuity

New

2

Insurance

Universal Proaucts

1

102% 103

w———

Conv

ouo

Consolidated Oil

106% 106%

106%

——

A.———-

•—

~2

V, f"

.

4%s

4Va-S—

Amsterdam

New

Jan

Jan

•

Wallpaper, Inc____

Clversal

109% 109%

Jan

3%

1

Reclaiming

\

to————„-

Gas Light

Power

6s series

-

U

'•,»! *• ,r f '

fU'—; •'

1115% 118

—

109 %

Light 3 %s

' • Jf-j

r

v

>

■

Midland Valley RRA~

Jan

89%

350

>'

Milwaukee

46% •Jan:
20% Jan

3,700

-

17
x

', 5%
92

*! '

-

200
*

23

16%

5%

•;

'•

Jan

48%

20%

•

& Electric 6s

Power &

McCord Corp 6s stamped.*.*—

Feb

82% ;

20%

8

r-7.__
Securities

12'-Y:

4

Jan

80

j

International

•

Jan

3%

■

$104% 108

Kentucky Utilities 48——,,..—

8V4 Jan

1,100

V;47%:

1

:j.. S5 1st preferred with warrants.

3%

11%

23

B

class

100.

-284

3%

2b

'.£iL—

'9%

-

..-4

10

_OfiI
common

^.7—

United Specialties common—',
U

9%

100

25c

Machinery

Preferred

Electric Power 3%s—

Kansas

Kansas Gas

;

iiC

preferred.

United
•;

ai

regis

106% 107

4

Jersey Cent JPow & Lt3%s—.

Kansas

Canal

&

5s__

6s

Superpower

if 47 ;Jan

-Vy.-"'V-';

Sharing—

Power

Debenture

United Molasses Co Ltd—
Amer

■. Fl—f
(July 1941 coupon)^—

series

Aitailau

Jan

25 '/2

;

"

—

-

Interstate

Jan

32%

15,900
'j f

-M»

,*

A7s

Jan

1

350

28%

*

•"

Jan

23% Jan

5,300

"1% kiji-m

•

V;.'

ir,

26%;

'.li'-'-ii';-'

k

7

'

24%

2

Light & Railways

'

;?•'

26 %

• 7:7- 36%

Miik

participating

60

__

• .••

United uorp warrants
United Elastic Corp
United Gas Corp common
United

fY

.

42

48

Volume

Number 4465

163

NEW YORK CURB
RANGE

FOR

BONDS

Friday

FEBRUARY

Week's Rang*

Interest

Exchange

Last

Period

Curb

Sale Price;

Bid & Asked
Low

Btlnnes

15

Toledo

N

J 40 %

—1946

3%8

i United' Electric

—.1968

NO.

V t'V"'

4

4'*' V

T'«";

Danish

$106 'A

6s

(Maine)

110

105%

5s

V'

•

.'"'i,»1

Maranhao

105%

't.

•

stamped

AMedeilin

Utah Power & Light CoDebenture 6s series A

A7s

Wash

Water

1954

Power 3'/aS

M-S

1964

dibs

income

J-D

74

65

80

78

80

Electric

Penn
Penn

Western

5s

—2030

Traction

7s

(Plan

5s-

;JC

J-D

109

% 108 %

108

io8ya

1123%

122

—

1959

.

F-A

102.

106%

103%

,102

-

Curb

5.;-

'

'Interest

Last ;

or

;

Sale Price

Period

stamped

(Plan

7a
Mortgage

Sold

■£ Low

No.

High

Bogota

(see

ACauca

Bank

32

21%;, 22%

33%

35

50%

50%

20 Va

1972

23%

$50

J-D

J-D

;L.a*

.$50

-

;.

$23%

$92

;

,

30

93

$37

^

a'4•;

39

M-S
'PA-;'' '1

(Plan A>2012

J-J

1919

J-D

nr8

11

J-J

11% >

11%

Deferred delivery sale,

a

96

37%

37
10%

38

53
51

10%

14

>'r

2%

6%s

1921

sale,

93%

37%

*

'

d

$37

Ex-interest,

39

.V

12

:

•12%

e Odd-lot sale,

"i

14%

h Under-tha-rule

xEx-dlvidend.

salt,

r:^\
sales being transacted during current week.

no

ABonds being traded flat.

High

U

v

^Reported in receivership.

*

,

;

.

,

,

t!Ex liquidating cash dividend of $22.50, plus stock distribution.

v

"

■

Abbreviations used above—"cod," certificates of deposit; "cons,"
consolidated;

Jar
ol)

_

22%

96
94

28

:

35

High

94

90%

$35

..

A-0

1931

IFriday's bid and asked prices;

Range Since
January 1

Bonds

Friday's?'

Cash

Agricultural Mortgage Bank (Col)
A 20-year
7a——Apri!
20-year

2

$36

.

'Af-N

1947

A)

Government

•No par value,
r

'Bid & Asked
Low

A

Low

90%

22%

-

M-N
J-D

1947

1927)

Rio de Janeiro stamped
Interest reduced to

FridayW'eek's Range

Exchange

t

Interest reduced to 2%s—2008

Foreign Governments & Municipalities
Fork

88

$30

1951

A5%s

New

J-J

2008

Mortgage Bank of Denmark 5s

•

ARussian

BONDS

+

M-S

.

Newspaper Union—

; 6s cony s f debentures—-

;

96

123 %

'>

—

,

96

,81

107%

*';t •;*.

A-0

-—I960

—

January 1

'

No.

A)

2VeS

to

siamped

(issue of Oct.

Parana
West

West

Range Since

Sold

High

-■

'

,

jAMortgage Bank of Chile 6s

Waldorf-Astoria Hotel—
A5s

1952

,

Mortgage Bank of Bogota—
;./• a7s Xissue of May 1927)

114% 116

115% 11$%

2022

Bonds

Friday's

Bid & Asked

109%

108%

1108% 108%

1952

or

Sale Price

F-A

ALlxna City {Peru) • e%s &tamped_l858

;

—

A

series

last

>.

M-N

1953

Danzig Port & Waterways—
A External 6%s
stamped

107%

I

—

Interest

—1955

,

Literest reduced

United Light & Railways

Exchange

5%s

Extended

48

108

-

Week's Range

Friday

a

Low

Co

1st lien & cons 5%s

u

Period

£:

105%

,

n

Curb

.

High

42%'

44

1109'/a i 10

J '4s—;

& Power

LOW

;

105% 106

1

Light

January 1

;V-

stamped

Edison

United

.Sold

High

u

Fork

Range Since

Industries—:

(Hugo)

A7-4s 2nd

New
Bonds

Friday's

or

929

EXCHANGE

WEEK ENDING

u

New Fork

" ■: '??''•

THE COMMERCIAL & FINANCIAL CHRONICLE

"cum," cumula¬

tive; "conv," convertible; "M,*'mortgage; "n-v," non-voting stock; "v t o," voting trust certificates;
"wy when Issued; "w w.":witb warrants; "x w," without warrants.
:
^
v-? ^

Valley 7 8—

■

OTHER STOCK

Baltimore Stock
Friday
•
• 100X1

far
Pflf

?

;

Arundel Corporation

0' :0%■ '

—•
_*—•

LOW

28

100
Preferred f t o^a;^.,..........i..^.^.100
m vtc——1
Eastern Sugars Assoc com VtC.—
1

28

Low

25

1,227
22,

32%

18

18

Range Since January 1

'^0

5% >.;■ 5%
32%

__

18

■

High

Jan

5

Jan

40
200

?

28% Jan
.

15% Jan

6

*

Jan

34

-

3014 Jan

1

-*>'

i

Fire

Guar

Corp—

New

10

* ''*i\ V;

•

1

54%;

32 Va

32%

75

76

300
"

90

'

50

15

'

200

14

.

"V Jan X:

71

34%

-Jan

Jan

'

Jan

Jan V;;

17

77%

Feb

23

Jan

,Jan
Jan

25%

Jan

IVif Jan

1%

Jaix

no • ;

Feb

133 y4

Jan

England Gas fe Elec Assn-

preferred

160

_____-

:

—-

"

76

230

* Jail v..;
Jan

*

128 .v- Jan
-Jan

; "

75c
Jan
J.7>745..-::^;1,':7dc:KJatt'-

'Old Colony RR—I——,

3,562

3

2% Feb

Jan

Common

6.75%

*—20

———

.20.

—--i.
^^___100
prior pfd——300

cum

16%

20%

144% 144%

141

10Q10Q%

100

-

Jan •%

21

Jan

v

144%

Feb

,

Ja«

':<■ Pacific

Amsterdam

Casualty;
5%

Commercial

Seaboard

115

—,

Hole

Folding

Mach_

Rutland

Machine

RR 7%

Shawmut

Bondp—>

Stone & Webster

Feb
Feb

Jan

4"'17% Jan

;1S

■

• '•

2-

:

■

—

;

.-19ft

—,r.

45

United -Drug Inc
United

Fruit

29%

19%
7

•

6%

Jan
Jan

25%

Jan

U S Smelting Ref & Min com.
Waldorf System Inc___

110%

Week's

Jan

.78%
46%

Jan

Range

for Week

of Prices

Shares

Low

w

.■

28

i 79%

:

19%

44

20'.8

"*

V").*;-1,

-f,

4T* ''7 Feb

:

71%

-

178.

18

'31Vi

Feb

118
•*

Jan

83% Jan
•48

Jan
Jan

Feb

83%

-Jan

Feb

20% Feb

-

(S

D)

Co——

51%

52

37%

—.

38%

23

49% Jan

52

34%

469

39% Jan

Jan

•

Jan

Sales

Last

Sale Price
Par

«•'

450

48

77

Westlnghouse -Electric Corp—».

Friday

82

43% Jan

.

'vij?

'■ *-,;v

822

81

Feb

'

88

47

common—

preferred

Warren

31%

Jan

,

19 Ya

•C'23% Jan
*8
Jan

Jan "

41%
.

BONDS—

.

American

Range Since January 1
Low

High

High

Tel

,

.

3s.

Tel conv

&

■

'

American Agri

Chem Co com—

43%

44%

54%

56%

170

50%

Jan

58%

Feb

191% 193%

2,046

187%

Jan

195 V'a

Feb

47%

352

30%

Jan

56%

Jan

50%

633

43%

Jan

—

Sugar Refining-——
100
American Tel (k Tel————lou
American Woolen ——a———•
American

Anaconda

Copper

192%

.ft

;

47%

41%

—^.50

Bigelow-Sanford Carpet 6% pfd—100
Bird <&;8on Tnc-—

47%
150

150

23%

150

23%

15

23%

1

51% Feb
150

1-148% Jan -

Feb

Jan

r

24

Jan

Jan :

"23%

210

...

45% Jan

41% Jan

156

£ 146

Feb

Albany RR--——100

Boston"' Edison

—

Elevated

Boston

j—25

Ry

146

145
;

47%

146

47;

48

80%

160

82

100

81

_•

40

38%

40%

prior preferred
5 % class A 1st pfd stamped—

100

88

85

89

100

20%

100

21

Herald

Boston
Boston

Traveler

.

...

-:44% Jan

•

'•;

^

7%

Feb

43%

Jan

67

8%

class B

1st pfd stamped—

1%

class C

1st pfd

18%

20%

20

21

18%

Jan

91

Jan

13%" Jan

,

441

19%

-

21

152

16

99

.

'

Jan

Jan

;

22%

Jan

Jan

14

23

Jan

'

10%

class D 1st pfd

Boston

Personal

Boston

&

Prop

Providence

Calumet

&

Century

Shares

Conn

&

stamped——100
Trustj.'„

NR—

Trust—

5%

|

2334

11%

M

25

30.0

Jan

.20%

.

:

19

360

.18

57%

60

60

56

1

Jan

Jan

62

.

Allis Chalmers Mfg Co_—
American Public Service pfd
American Tel &

Jan

Armour

Jan.

25

;::&20 --I

v

Jan

.

.Adams (J D) Mfg common—-—i—*
Admiral Corp common
——1
Advanced Alum Castings
5
Aetna Ball Bearing common———*

Aro

&

11

11%

10

8%'. Jan

537

36.27

&

Fuel Associates—_

36.27

I; 34.86

common

Lines

SS

Public

National

Automatic

.

1%

Feb

100

;;-73':'-;T3^::
6%
6%

X:. 6%
113

100

129%

100

32%

_•

20'/a

Service

—

Barber

.Feb

Barlow & Seelig
Bastian-Blessmg

;

.71

150

Jan 6% Febr-

20

r-

113

115

126

129%

Co

:

—

107

31%

115

75

Bendix

140

30%

734

Jan

Berghoff

115

20

Feb

36%

198

33 %

Jan

597 8

61V8

341

_•

49%

51%

1,121

•;

Jan

380

35%

20

v

32%

Jan

Feb

Binks

21

v

i

Jan

20% Jan

11%

Jan

13%

13%

14%

52

52%

:■

•

800

10%

400

J

Jan

19%

Jan

52

' 14Y8

:

Feb

127

'Feb

56 Ya

Feb

Jan

'300
300

192% 193%

15%

15%

14

;

40

•

Feb
Jan

192% Jan

1

2,800
2,800
;

12%
24 :l-;

Feb

10,000

.

Feb

Feb

„

16
Jan "
7% Jan

,

Jan

'15%

:V: 27% :.Jan

5Ya Jan

1,300

Feb

193%

/

.

Jan

100

134

:

19% Feb

8

1,550

3,550

9%

Jan

500

25%

Jan

500

191% Jan

21 y»

34% Jan
23l/4r3an

37

8y4
.

Jan

14% Feb

28%

32%

528

A_

12%

12%

50

2%

3--.J

4

4%

•

class

B

Copper

v. 35

»"

1%

1,355

0—3

25

r

Jan

Brewing

Mfg

Kennecott

Copper

Corp

Boston

•

54%

57%

(Del) 6% pfd—*——50
Theatres——-—--—..25

47" '

47

19"

22%

footnotes

see

page




937.

v

585

48..;

.r': 15
.

124

(George

Borg

46

W)

...

;

Jan

57%

Jan

17%

Feb

2,160

153V'jan

21

100

43,,rJ Jan

49% Jan

—I

550

-9% Jan

5

100

43

Jan

45 ya

Jan

•200

10%

Jan

16%

Jan

1,000

22 y4

Jan

27y«

Jan

10

Feb

Burd

-;-51^a

Feb

Ring
Burton-Dixie Corp

1,300

2 5% J an

32

Jan,

10
•
1

150

33%

B 180

108 y4

Jan

4%

Jan

common

Caistle & Co

3

Feb

Central

Illinois Pub

...4%

Feb

Central

111

58

47

%

Feb
Jan

22% Feb

Brothers

Central S
Prior

Common

(E L) common

Piston

—

(A M) common—1_

Secur

Serv

Corp

$6 pfd

common

preferred

W Util

lien

Preferred

—L__—12 Vs

-

*

—

50o

common

preferred
—

14"%" Feb

2.750

1

Brown Fence & Wire

Butler

Jan

53 " VJan

2,350

Brach & Sons (E J) capital—

Feb

Feb

Jan

Jan

26% Jan

_2—10

Corp_.

Jan

•

Jan

.18% Jan

200

25'/a Jan

1

:

39%

32 y8

Jan.;

;

>

*

'

1

Corp

capital

Co

14

Jan

250

Corp common——5

Jan,.',
<

150

..10

64%
:

5

common-

common

common

Jan

..22%
.11

*1,000

Jan

——T

common

Co

Feb

r -

;.;54% Jan
46^8

Co

'Convertible

For

17%

930

4

class A

Aviation

Jan

129%

v;r

Jan
.

1

i—

Bakeries

Royale

Lamson

3,400

17%

3

common

(W H)

Mfe

79%

'

*

Inc common

Feb

;r\l%

.

Belden

100

Gillette Safety Razor Co

Hathaway

Loews

19 Va

13%

—1

Aviation Corp (Delaware)

Washer

High

18%

3.33% 134

-100

Athey Products capital

Jan

Low

20

'

common-

Feb

,;.v;

-

Stores

General' Electric

■

13%

—Pt

Jan

124%
10

A—

adjustment—

pfd

Class

13

52%

Tel Co capital

Mfg Co

Bruce Co

Isle

Range Since January 1

18%

Corp common-i——1

127/8
m 37.91

Jan

15%
-

18%
: 12%

18%

-100

common

34%

v.:'—,**' v^Vv'.,

100

—

Mass Street Ry

Engineers
First

Co

Equipment

Asbestos

--—-—10

6% Tst preferred series
.6% preferred class B_

Eastern

-

18
—

—1—^_100

preferred

Eastern

,24;-,

-

10

Co-———

Eastern1 Gas

n

-'W'!

Shares

High

Passumpsic River RR—

Boston

6%

1

—

—

Preferred
East

-100

Hecla——————5

Service

Cities

stamped—.—100

of Prices
Low

paT

■

82%* Jan

Jan

38%

1,659

,

Sale Price

STOCKS

Jan

80%

•

398

.

49%

RR—»

Maine

Si

Corp

.

1,789
235'

^<■136

Friday
Week'a ,"* galea
LastRange
for Week
.

.

Boston St

—

;*
•

-

4%
;24 "

v

11%

5

24%'
11%

122% 124
193

195

350"
250
900

50

1,280

"

Feb
^

Jan

38%

-

.165.

.

111% 114%

Co—

hUnited Shoe Mach
1

46 '

.

4

Feb

,.ai5,~..

■Drill-l^rt-----^-

Union Twist

6T'S

?

;

Jan

"17%-Jan1

?i-743.
com.

Feb

*"•47%
:

10:

Inc.——

80%

Jan
J an

.nornm-v

Vernon-Woodbury Mills Inc—
20-yr debentuxes (subordinated).

4%

STOCKS—

•

105

Eleo. Securities

yiorrington Co

"50

41%
3%

;:rv;

2,995

pfd

Association

Suburban

.—^•197d

•

•

'•

73%.Jan

1,791
1,060

'

-

Mt

;

RR

Button

Reece

2
preferred-50

U S Fidelity & Guar^___—i.i.^.__.—-50

Baltimore Transit *Co

_—:

Quincy Mining Co
X Reece

TNew

Mills

•

Pennsylvania

Feb

.102% Jan

6% Feb

-

v

Mt Vernon-Woodbury Mills—

".Preferred

Feb

56%

j

Cog-—,

■New England Tel- & Tel
North Butte Mining..,

pfd vtc^_-25

High

-.

Jan

32 %

Inc_.

Assn

Low

11%

22%

Service

5%%

Finance Co of Amer. class A common_5

Houston- Oil of Texas 6%

-

Range Since January 1
•

14

Nash-Kelvinator

Fidelity* St Deposit Co———U20
&

J

1

Rac'g

Sharcs

v

High

53%

-'-J> >] t

"

,

Narragansett

Tor Week

13%

Mathieson Alkali Works—'—*.
Mergenthaler Linotype „•

Vs

Jan

18% Jan

v

common

preferred

National

Fidelity

Range
of Prices

:

Low

Maine Central RR

Shares
■

Sales

Last

Sale Price

for Week

Hioh

26%

I v t c
Bait Translt Co ^common vtm

STOCKS—

Sales

Range
of Prices

.

Sale Price

;

Week's

Friday

Exchange

Week's

Last

EXCHANGES

FOR'WEEK ENDING FEBRUARY 15

RANGE

.27% Jan

21

10%
115

184

Jan

Jan

Jan
Feb
Jan

liy4

.

•

Feb
Jan

-

THE COMMERCIAL & FINANCIAL CHRONICLE

Monday, February 18, 1946

OTHER STOCK EXCHANGES
RANGE

Week's

Range

Shares

States

Central

Pr

5

Chicago Corp

common—

in¬

—

V

Co

Uten

31%

10

common—

com——*

Co

Consolidated Biscuit common

■7*<

8%

.

21%
/

A——*
Common part shs vtc B
———* /.
Container Corp of Amer com—__——20
Crane Co common--—-—
—25
Co com part shs vtc

Curtis
Decker

'

48%
81

Feb

140

Jan

;.

•

7%

,1/

,

353/4
25

Jan

Jan

3%

General

V'

Jan

Jan

/;'•

20%

Jan

44%

Jan

Jan

42%

New

;•

100

Jan

9

Jan

**-4—

100

23

Jan

26

£-?\

Iron

York

;/,

■

Corp-——-5

28

27%

28

Elgin Nat Watch Co

——'

15

59

58

59%

17%

Corp

22%
51%

12%

Jan

of

capital

&
—».—*
America Inc—-——5;'

Mills of

Flour

J

19

'

i>

'

'•

-I\

c,

,

Corp

Hainischfeger

Studebaker Corp common^.—.—!

34

300

Hibb

Spencer

Indiana

Steel

:

-

69

26

24%

'• 27%

33

9

—

383/4

Co

&

Hart

33

33%

163/4

16%

163/4

133/4

133/4

100

14 %

Brewing

Minneapolis

Co

Chemical Co

Monroe

Montgomery .Ward

common

Cooker

National

Pressure

Standard

Northwest

Jan

131

131

Feb

131

Art

.

Jan

17

Jan

Jan

94%

Jan

30

30

Feb

30

Feb

13%

13

Jan.

13%

Jan

12

Feb

12

Feb

'

Randall

Class
U S

U

12

V

'.-i.

45
'

'

45

45

100 Y4 1003/4
23s/a

24%

100

36

100

36%

60

61

55

,

100%

23%

100

55

Jan

55

.

11%

12%

11%

1 51

—

51

51

51

48%
7%

49%

4 4 Ye

n,^ k

...

4 83/a

.

A_

34

Jan

v

Jan
Jan

6

Jan

118%

120

Jan

34%

28% Jan

65%

—

64% Jan

30%

29%

8%

——.

67%

30%

65%
.

B

7Ye

120

34

Gamble__,

class

—

120

————.

Playing Card—

S

:/

30

■

.

_

&

Feb

14

'•.

Miami gtd——

Procter

Feb

91%

36%

— .

Lunkenheimer

6%

-8%

Jan

61/a Jan

67 Ye

Printing—

67%

62%

41./'.;

51

42%

32% Jan

Jan

UnlistedAmerican

City

Ice

Rolling 1UTHT
&

.25

Timken

31%

753/8

783/,

21%

22

46%

47Y8

63 Ye

V

36
3 3 Ye

31%
11%

63Ya

r

/

27%

119

;

Jan

36 Ye

Feb

28 Ya

Jan

33%

Feb

27%

•428

Jan

34%

Feb

'

•

Motors

Pure Oil

33%
32 Ye

31%

—

Columbia Gas
General

36

33%

*

FueL-rf*-^—

City: Service—;

12%

6

r.

12 Ye

169

9%

Jan

14

Jan

: Jan;

80

Jan

-

10

<77

'.368

74

95

22

Jan

23 3 4

5

433/a

Jan

48%

Feb

25

63 Ya

Jan

65%

Jan

>

'

;

—

Roller-

.

'.

—

.'-v

Bearing-,

;
■

Jan

common—2

10

common

20

common

Bancorp

110

/•ll%/'

Little

common—*

common

Car

American

Jan

13

Insulation

Leonard-

National Cylinder Gas common-—-^-1
National

Feb

109

Jan

17

; ^2

Standard Brands

North

Feb

5 Ye

94%

.

preferred
Kroger,

*

common

& : Co

14

16

—

1st

10
1

—

12% Jan

110

■

vtc

$1 prior preferred-.

Jan

14

115

Yards.

—

Kahn

111% 111%

—

Warehouse.

Stock

■Hobart.->,A''-j.ii.^«.ii—

100

•

Union

—

Inc. common,

22% Feb
16

131

;• •:

too

Gibson

——100 ^
Masonite Corp common—-———.-•*
Mickelberry's Food Prod com——1
Middle West Corp capital
■ |
Miller

Jan

Jan

111% Jan

■{'—-

Formica

8

*

common

17%
15

94

Early & Daniel.————..

16
•

preferred

4% %. preferred

22 %

15%

110

—

Eagle-Picher

common

Field

Marshal]

Feb

1

,

94%

Preferred

33

100

>AiJ V."

Jan

6
6%
114% 115

'•

-kk

Dayton & Michigan gtd-

39

38%
8

6%, preferred

$

19%

X15%

...

..

'L i.' ■

—

&

5

16

Cohen (Dan)

9%

18%

1.

Telephone

Cincinnati

43

—————.t.——■—

Cumulative

15% Feb

Jan

13%

0
,

.

Cincinnati Tobacco

21%

33

Crank

——

Cincinnati

————*
si
*
i loov
McNeil & Libby common
7
Lincoln Printing Co common
1 v
Lindsay Light & Chemical com
* %
1% preferred ——————10 -r
Leath

46%

13%

5

15%

"...14...

Cincinnati Street

58%

Prod common——1

Kentucky Util'

15%

High

43% Jan
1% Jan

22%

■

——

Ball

Preferred

22

/-58/-

—

Cincinnati Gas & Elec pfd—
C N O & ,T F—L

27%

203/4

21%

-i—;-w—

Preferred

■

low

44%

15

—

——

Cincinnati

69

21

*

Range Since January 1

High

43'/4
-4%'

preferred—.
.

Churngold

23%

58

Drug Co

43%

Burger Brewing

22%

■

U&

24%

common————-1 :
Kellogg Switchboard common—*

•r

31%

Co

Interstate Power $6 pfdKatz

28%

69

(new)———1

Shares

14

26

capital-—.-—10
Indep Pneum Tool vtc new—
*
Brick

.Warrants-

10

78 3/8

13%

Inc common-——,—5

Hupp Motors common
Illinois

for Week

: 5. if.),

10

(Geo) com A-——wi-—*

Hubbell Harvey

Products

Machinery.

Baldwin

31%

common——25

Bartlett

16

75%

..Vv'-C-

—10

Hein

American

Participating

14

;

Laundry

Sales

Range
of Prices

Low

American

21

77%

'J $

V

I1;' A

tf

common:

Week's

:

-::

Sale Price

10%

25%

15%

Brewing Co G capital——1
Werner Motor Parts
8
Co

Jan

/

33%

20%

——5

Heileman

Hormel &

Feb

69% Jan

STOCKS—

24%

common

*•

Jan»

40%

25

1,050

32

—■

1
Preferred ————————100
General Motors Corp common
10
Gibson Refrigerator Co common
1
Gillette Safety Razor common
*
Goodyear Tire & Rubber common
*
Gossard Co < H W) common—..
*.'
Great Lakes D & D common
—*
Corp

Finance

10

10%
25%

10

Drive Auto

Candy class A—

General

Jan
Feb

23% Jan

Last
xl8

(Peter) Brewing common——-1 %

General

,

71

Friday

Fox

Feb
Jan

V-'V-kJ

common

Four-Wheel

20%

35

common

N

Feb

25%

-

2

Feb

26J/a

Oil

Feb

Feb

51%

Radio Corp of America common-^—•
Republic Steel Corp common
•

'

Feb

12%

•

common

Corp__

(The)

18

Co

12% Feb
42V* Jan

•

Connell Dredge

&

Simons

Dock

High

;

25,750

/7,

.v; ' *W» • .Vvyv
Electric Household Util

Fitz

200

V

IOO

.8%

-

—

200;.

283/4

Co

Central RR

Pure Oil Co

Feb

102
:

'

■

8

1

26%
32 3/4

283/4

-.?;

—

38%

"

Paramount Pictures Inc
v <>'

Jan

10

38%

10% .Feb
38% Feb

800

Jan

40%
39 5/a

120

12%

Range Since January 1

tow."",

12%

—1

Electric

Nash-Kelvinator

Jan

30%

'

Feb

20

Jan

100

32%

i'/.V,

Dodge Mfg Corp common—————•
Doehler-Jarvis Corf)
—
5
Domestic Industries Inc class A-

101% 102:
12%

Shares

10 Ye

Jan
"■

100

:

42

Curtiss-Wrlgnt

Feb

Jan:
Jan

30

50

20

34%

Feb

2%

50

11%

American Radiator Ss St San com——*
Anaconda Copper Mining
50

'

323/4
/ 20

4,900

'

44

for Week

High.

Unlisted Stocka—

Jan

Standard

102

Range

of Prices

Prlcq

Jan

Interlake

'•
•

;

Feb

Jan?p.

Machine capitaL——8
Zenith Radio Corp
common.^—

,

& Cohn Inc common—10

(Alf)

-

:

65

Jan

3%

42

1
(new)--——100
Lighting Inc common———2%,

Cudahy Packing Co— .
4%% cumulative pfd

20

ia

10%

Jan

Yates-American

:Z

Feb.

Jan

Jan ;

650

22

Jan

93%

8,400

Jan.

40%

-63

,

450

30

16%
;

28%

21%

30

44

•

W':-:

83/4

2%

Rights w i
Consumers

Jan

100

33% V,

323/4
21

,/

500

32

83/a

32'/a

25
1

Commonwealth Edison common

:

20

>'■

135% 135%

common———.—-5

Corp

Aluminum

Club

V

20

Feb

8%
59

400
250

Chicago Towel Co com cap
Service

:

•'14,250 0

10%

93/4

>.l4/;/

225

-v,-.

•

•/:

Chicago Flexible Shaft common

Chrysler

'

?:k

preferred ——;

convertible

50

22

>.

Sale

Low

14

213/4

;

Last

Range Since January 1

High

14

pfd

Lt

&

Burrell Corp common

Cherry

Cities

<:•'

Low

Pot

15

for Week

of Prices

Last

Sale Price

stocks—

■/;

WEEK ENDING FEBRUARY

FOR

Sales

Friday

*

Nor West Util prior lien pfd———100
7%

—,—100
Shoe common
2%

preferred
Bush

Nunn

»

Friday

Oak

Mfg common-———.
Omnibus Corp common——i..
Peabody Coal Co class B com——

for Week

Shares

Addressograph-Multigraph (Un)——-10

Circle

Perfect

Co

Potter

(The)

(The)

Pressed Steel

Process

Quaker Oats
•

Rath

Allegheny

-' ♦•'•'

common.

Co

Cummins

Corp

33

32%

"ll

capital

*

22%

42%

420

31

43

11% ;

v

43

11%

7.

Xl9

...

Nat Stockyards capital

Standard

•
—20

preferred

Dredge

Standard Oil

Co

capital/.—.

(The)

Co

•.

19

38

300

33%

-

19%
37

233/4

28

•

capital

Transportation cap.
—

8%
40%

8%

Jan

Woodall

17%

For

High

Jan

4IY4

Jan

Jan

8 Ye

Jan

5% Jan

8Y4

Jan

17

420

831% 832%

Jan

187%

80

145

Jan

Cliffs Corp common——-.i—u5

common

com

.see

page

937.




—

Jan
Jan

12%

Jan

20%

Jan

Jan

Natural

Gas

:.

32 %

>

..—.15

18

Jan

Jan

195

Feb

333/4

50

39

40

41Y4

1,200
:

Jan
Jan

52

Feb

Jan /

80%

Jan

10

36%

Jan

80

"58%

--360

"22 '/e

a42..

*

865 Ye a663/8

Goodyear Tire & Rubber
Gray Drug stores—

41
—

-

200

%'
•

-

91

47
.

"

95

41%

51%

■

■

v.

25 V*

Jan

45

.

100
vJ-

50

Feb

Halle Bros

Feb

Preferred
-i
Industrial Rayon (Un)—
Interlake Iron (Un)

S

Jan

83/4

Feb

Jan
Jan

22

Jan

41

Feb

Jan

30

Jan

51%

Jan

443/e

.

■«/

Jan

9%

Feb

1,400 v;

38

37

37

17 Ya

173/4

18%

1,100

16%

16Ye

150

—1•

150

a42

23%

.

Jan

Jan

44 Y8 -Jan

71%

Jan

.V

233/4

25

Jan

26

—100

31

31

370

31

Feb

33

Feb

100

Great Lakes Towing common—
Preferred

73

73

/ 235

73

Feb

78

Jan

34

35 %

105

31

Jan-

130

54

Feb

133

65%

Jan/

common——————5;

—

50

54

——

-

54%

'

a79 Ye a82 Ys

•

Interlake Steamship

•

'

*

•

al8Ye al8%

/

54% Jan

Jaeger Machine'—
&

Kelley

*

-

Laughlin

Island

L

32

;•

&

T-

10

Jan

46

Feb

523/4

Jan

Medusa

79 Ye

Jan

97%

Feb

Metropolitan Paving Brick—

»

National

1

a36Ye
7%

42
,

7

52

Jan
Jan

353/e

McKee

(AG)

National
N

class

Portland

&

16%

:

Jan
Jan

",'V 20%

Jan

44%

Feb'/
Jan

7

Jan'

/
•

40 Ye

Jan /

53 Ya

Feb.;

Jan

17%

Jan

603
'

-

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Feb
Jan

47

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Feb

Feb/-

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;

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39%

Jan

37

Jan

Ohio

Jan 7.

19

Jan

Patterson Sargent

Jan

17%

Jan

Pennsylvania RR

Oil

Cement

Mfg

Jan
"

"

*».:

*

B

Acme
Tile

Y.Central RR

Jan

33

17

;

Feb

54%
84%

182

V 7%

Feb

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625 =

'

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*

Jan

;..

41

.

83

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17
17
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308

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si;

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.

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190

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•

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28

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47
95

}

53%

——

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29%

53

(Un)_.

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17

«

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37%

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Feb

48

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Jan

.

40%

200
150

:

34%

Jan

Jan
Jan

74

260

312

Feb

37%
'/

Jan

32

102%

46 Ya

a51 Ya

a75% a79 Ye

-

Jan

21% Jan

500 /

Jan

26 V*

140

General Electric <Un)
—-t——-10

GeneraL Motors

Feb.

43

147

193/8 a20%

33

Jan

Jan

57%

1,132
;

Jan

27%
98

10

a45 Ye a46Ya
a

28 Va

86

a63Ye a63Ye

.Erie RR (Un)———
.

19

3,300 ; -/v; 6 Z

20%

,

31%

1,200

16 Ys

common

Bankshares

footnotes

*

32

125

30

45

Jan

27%

5

12%

_

Indust

17

8l91%al93%

99

24%

Jan

200

8%

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53

«

common

Wieboldt Stores Inc
Wisconsin

17

—100

99

Jan

22

2,700

.8%

40

«

Western Union Telegraph common— 100
J'
Westinghouse Elec & Mfg—
Common

——5

Feb

9%

/:/

28

41%

—6

common

common

Walgreen Co

Body

30

27

36 /•

:

20% /•

■

•

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Union Carbide & Carbon
United Air Line

180

7

10

31

Jan

200

373/4 •'42.-'-'

:

28

8%

208 South La Salle Street Corp com—*

U S Steel

7%

—1

Cleveland Cliffs Iron preferred
•
Cleve Graphite Bronze (Un)——1

Jones

Trane

8 Ye

City ■ Ice & Fuel™
Clark, Controller

23% Feb

800

22

233/4

...,10

of Ind capital

Jan

1,300

35

r

1
Sterling Brewers Inc common
Bundstrand Machine Tool common- —8

&

880

Feb

106

29

500

I8Y4 xl9

?

19%

1

Common

32

-

.100

'

St Louis

&

low

8Y4

•8Ya

Glidden

v

/
Strap Co common
m
Sinclair Oil Corp
±—i———
South Bend Lathe Works capital- —8
2
Spiegel Inc common

Signode Steel

Swift

Jan

Consolidated

ft

v>.

1

class b common

23% /

30%
22

31

33

23Ya

—-

common.—. —1*

Roebuck & Co capital-..

Serrick

102%

'20

106

>

..

-10

common

Sangamo Electric
Sears

106

—.

Raytheon Mfg Co

Schwitzer

——

Range Since January 1

High
15

——500

-

American Tel & Tel—-

•

Co common^

Packing

Coach

low

837% &37%

common——

'• v--

«

Corp

American

—

common.

(if

.'

•

Akron Brass Mfg-—-,

Co—

common

Car

Corp (The)

Sales

Range
of Prices

Par

RR capital
Peoples Gas Lt & Coke capital-

Pennsylvania

<

Week's

Last

Sale Price

STOCKS—

.'

fUn)

•
•

-'

■'

4

a31
•

.

—I——50

10

810

323/s
6 3/8

-

/. 257

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Jan

Jan'/
Jan

/ 39

<-

Feb

7% Jan;
35%

Jan

23

Jan

.

•

*

'

-'

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,

26%

26 Ya

a46Ye a47Yt

75
•

;

■••110

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21

; Jan

24

Jan

26%

Feb

42

Jan "<•'

47%

Feb

Volume

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4465

163

OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING FEBRUARY 15

Last

1

Radio Corp.—

■

;

Republic Steel
A Richman* Bros

«.

S

Steel-

A'4

■i•r'-Vv-

110

29%

—_

—

18%

*

Jan

23%
57%

29

107

'

Youngstowh Sheet & Tube

■'

;

;

COMPLETE INVESTMENT

Jan:

Member Los

68% Jan
07%? Febi

-

Co., New York

FAIRMAN & CO.

Feb

Feb

Jan

33

14

Jan

15%

Jan

96

37%

Jan

44

65

74%

FACILITIES
Listed

;

'

Jan

West 7th Street —LOS

210

AN6ELES—TRinity

Friday

for Week

of Prices

Shares

High

Douglas

Aircraft

Dresser

Watling, Lerchen & Co

Co

*

Industries-(new)_

a93 % a94%

50o

a277/e

Products Corp*-

Emsco Derrick

Members

■

New* York" Stock Exchange

New York Curb Associate

Detroit Stock Exchange

Chicago Stock Exchange

&

_4

*

Equipment Co

18

5

Stores

class

A

Garrett

Corp
Motors

———2

Corp

"A"

—

Allen Electric

6%

I Baldwin Rubber
Burroughs

f

.

:

,

Machine-

Edison

Iron

Gray

Detroit Steel

203

15 V2

Jan

4%

2,135

3 J/4

tttghy

m

Jan
Jan

19

22%

582
*

18

500-

19%

21%

19

Jan

19

Feb

19%

8%

6%

—.—

27 %

25

2,418

-

200

6%

6%;

12

8%

3,646

27

.

,

,5%

Jan

7

Jan,

12

Monogram

27%

24

16%

17

350

16

Jan

18%

—.

6

1,400

Feb

6%

Jan

Industries—

Wood

15%

Mfg class A

Gemmer

.

General Motors

14%

—

—10

Goebel

12%

Jan

42%

200

41%

Feb

42%

Feb

79

1,042

74%

Jan

80

7%
14%

1,035

6%

Jan

14%

1,580

,10%

7

13%

'15%

Corp—

Jan

15%

Jan

Co

Bearing—,—

24%

Hufd Lock & Mfg—.—-—;-

Kingston Products
Kinsel

Drue

LaSalle Wine3

23%

Jan

17%

Jan'

V

rlMIs

430

8

330

7%

•

25%

■

Jan

9%

9

Jan

3%

3%

3%

3,250

36%

Kresge (S S> common——^—

Masco

.

36%

37%

235

Jan

18%

Jan

Solar

Jan

4

Jan

39

Jan

Die

I;

Packard Motor Car——

11%

Park Chemical Coi common-.

12%

6%

Davis common—
Parker Wolverine
Parke;

29

—

\

1,840
830

6%

6%

4%

4%

(H' W) Co—-

5V'a

Raisin Paper

12

Ma nufacturing

Shelter
New

Simplicity

TlVoU* Brewing

•

6%

1,400

common

Dist—

U

S'' Graphite

U

S

6%

20

,

.

Feb'

13%

Jan

Alaska

e%: Feb

950

Jan

8%

300

10

J& ri

16%

200

16%

Feb

16%

510;

13%

Jan

——AA.

16%

62%

349

53

Feb

58

Warner Aircraft
<

common

6%

Wayne Screw Products—.

11

4;695

11%

5%

4%- Jan

685

.

Rad

American

r

12.

&

Mhg. Col-

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& Tel

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Feb

Feb

60

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Feb

.

14c,

,

Jan

18%

i
.

20%

A

...

Jan

Jan

23%

•

Feb

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39%

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Jan

Feb

A'

.31%

Jan

32%

Feb;

A:

30%

Jan

31%

Jan

42

Jan

-

57%

:

49'

;

30

Jan

19'A

Jan V;A-

Jan

65%; Feb A

Feb

2,617

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42
y

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Feb

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;

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37

—

25

Jan

21

Feb

25

Feb

33%

25%

Jan

33%

Jan

75c

1.00

Jan

27

1.05 Feb.

Jan

8%

Jan

12%< Fefc

17,000

12c

Jan

18C

Feb

17c

Feb

20c

Jan

40

1,000

17c

Feb

13c

15c

3,000

12c

Jan

2.50

2.50

200

7c
18c

7%c

22c

5,000
14,000

19%

21%

2,403

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a68% a69Va

375

2.50
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(111)_

a69%

2.15 Jan

7c

Jan

,14c

^2.60 Jan

Jan

Jan

8c
,

24c Jan"

—

-13

—5

—

,

-

Feb

88

2,158

15%

Jan

109

■

Jan

j'T

36%
14 %

Feb

Jan

38%

Jan

14

22%

Jan

25%

80

99

Jan

112%

25

33

Jan

33

—

52% Jan

54

,

a30 % a30V2,
a52
a54%

Feb

9% Jan
35

435

Feb
Jan

109

34% Feb"

175

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Feb

Feb
Jan

50

a49 % a51 %

48

21

21'A

735

45-

a51 %

5

1

Feb

49%

al06V8al09%

.

—

Company—15

Borg-Warner Corp..—--

194%

Jan

12%

1,595

a35%ca37

al09%

————*

43%

730

49% v
15%^.

,

a37

Feb

21%

Jan

'

—

—3

17%

192% Jan

153

14
al02% al05
"
a34l/4 a35%13% ;
12'A 13%

100
,--——25

Refining CO—-—
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47%

^

15%

^—5

1——

RyGo—-u——

;

v

Airplane Company———5

Borden

8ales■'

al93

,_14

—

Boeing

21%

*

Corp—-

Bethlehem Steel Corp.

45

.

Jan

'

Range
STOCKS-

Sale Price

V;'';:-v;:7;.:^
Barnhart-Morrow
Diamond
Chica

Bolsa

Cqrp_—

Oil

Dept

Broadway

i_A&—:.2

Corp.—
Stores

Inc

Investment

Aircraft

Chrysler Corp
conv

*

new

-

a45%'

America;

footnotes

see

•
•

Inc

page




4W Jan

__

I

937.
r

6%

50% ;
,

Jan

Cities

Feb

Columbia Gas

Jan

Commercial

1.00
0

Jan

7%

Jan

Commonwealth

21%

21%

24

41
114

:

220

21%

24

U

300

133% 133%

54

Jan

•

6%

133%

Jan

45

.

JanJan

;

176'
.0

Jan

Crown

Feb

17%

Jan> ?•"

23%

23%

Feb

24

Zellerbach

Class

A

__

—
'

*

Company:
Corp:_

Corp

;

25
*
I

——1

—5

Corp————-5
——

-

1

——————————1'

5

a31

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4,
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22%

—

42%
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■..•30%
1

24%

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45

30%
26%

•

/
-

■

Feb

13%

Jan

21% Feb

12

1,364

Jan
Feb

32%

Jan

Jan

23%

Jan

18%

;■>: 530
100

:

"4"%

"2%.
29%

10,267
.

30%

112

Jan

Feb

> 31% Feb

Jan

12VS

Feb

393

27%

Jan

;; 33%

Feb

22%

125

20%

Jan

22%

Feb

a49% a51%

539

47% Jan

51%

Feb

lift

15%

Jan

32%

32%>32%.

—

22%

8

1,970

•

'

General Electric Co—

'•

45

Jan

33*%

jan
Jaft'V.;

21%

120

Jan

47-

Jan
Feb

145

a72% a73%

13

•

Electric Bond & Share Co

Feb

r

>

Jan

272

Edison

*

.—10

Corp

Corp-

& Southern

Aircraft

Curtiss-Wright Corp^

Feb

133%

Feb'

Vultee

Electric

Continental Motors Corp—
Continental Oil Co (Del)

Jan*

9%

415

•

Cons

—

Co——-.
&

1

25

Co—

Solvents

Commonwealth

Jan.,,:.

—

25
'

•

9*'-V

Service

Jan
Jan;

48

25
110

155

Tractor

7%

865
:

Railway Co——25

I) Co———

5

2,698

'

a45ya a45%

5

———

For

49

(J

80c

200

a34% a34%

8

—*

Case

High

Jan
50

preferred————20

of

:

155

Consolidated Steel Corp_
Preferred
Creameries

1,300

7%.

l

*

.

Iron

2,870

5%

100

a

—

—

Colorado Fuel &
5r/c

Corn—;

Co__

4%.
97 Vic

7

7%.

Low

Pacific

Caterpillar

5%

•

—

California Packing Corp common—
Cessna

/■

.5%

Canadian

Range Since January 1

High

4% ;
90c

;
...

Shares

1
common—*

Byron Jackson Co—

Central

4%

Consolidated——1

Berkey & * Gay Furniture Go—*.*1'
Blue

tout

t;

for Week

of Prices

MiW' f

Bandini Petroleum Cp

...

2,345.

.

34%

Jan'

45 JA

Feb

30%

•

260

+

Feb
Jan

25c

Feb.;

17c

—

m

Co_———100

Corp—-

Baldwin Locomotive Works vtc—
Barnsdall Oil Co

Week's

Jan

27%

21

36

Jan

Jan- A
Jan

23c

.

Jan

43/s
10

17c

—

250
25o

Copper*Mining'Co—50

Armour & Co

Jan

Aviation

....

*v

Jan

200

65c
17 y4

■

Jan

10c

100
:

alO% alO%
16c
17c r

I

<

—-1

Stan

Tel

Anaconda*

Atlantic

Friday

A

Jan

Unlisted' Stocks^
Amer

Feb'

A T &.fi'.F

\a

Feb

53%

25

85c

—

10c

Imperial Development Co; Ltd
Mining* Co-——

6% Jan"

Jan'

Co__

Zenda* Gold

io7/a Jan
16% Feb

:

Mng Co—.-.;—10

Mines

Gold

American
;

25

23%

10%

15Q

a29% a30%

'

Cons Chollar G & S Mng Co_——1

62%. Jan

10%

.

25%
24%

———1

Jan

26%

1,753

a59% a61%

Co—10

Feb

Jan

16%

10%

Oil

20

Jan

A -63%

8%

,

74

30%

19

20

Inc. .—*5,

Inc——

Gold

Gold

Cardinal

Feb

13% Jan

Jan"

8

Juneau

Calumet

Jan-

8

-

Jan

12

,

y

*.—2.

36%

Jan

•15% Jan
*.V3% Feb'

■■■370';%

y

46%

30%

'

*

U

-

:

Jan

Jan

215

:

a41% a43 Ve

45%

Feb

44%
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Feb

55c

.

,

10

a61% a64%

46%

Blacks Mkrnmoth Cons Mhg Coi-fe—lOo

Feb

8V8

9%

6% Jan:

400

8%

J.'"-'.

a64

2.70

A;-

8%

870

31%

■■

Jan

Feb

2,408

49

32%

31%

Jan
Jan>

37c

Feb

?

16

—.

common

Preferred

13

8

common——.

Radiator

13%

Feb

13%' Jart

■

6%

12%

Shirt

United

631

Lines

37%

49

Jan

1.50

c:

59%

6,300
2,255

}'

Feb

36

5,100

19%

Jan

10%

Jan

Jan

Jan

Feb

8%

Mining Stocks-^

Feb

8%

Jan

1,120

——.

.

Investment

Union

16%

8%

24c

37

H to 0
,

Jan

1.00

1.45

800

1

v

23%

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100

12c

18%

y,

Jan

£ 41
43"

;

505

60

32 y8

Yosemite* Portland Cement preferred_10

Jan

6%

Feb

9j/8

—————.

Udylite Co

5%- Jan
Jan

13%

Consolidated
Air

9%

Jan
Jan

25c

4,078
,

Jan

Jan

8

>,£

1,702
2,300
.

43
202

6%

90

4%

Feb

43

347

17

:h 1.50 Jan

Jan

Jan

1.05
y

20,030
:•

10%

49

9

L35

41%

110

32

.9

Jan

4% Jan

6%

7%

common-.

Western'

Jan

7

11%

1,270
■■'-h' 800

13%

Patt common—-.

Standard Tube B

31

Jah

650

20

Universal

2.40

24c

—25

Jan

20%

200

200

21

37%

30c

Feb

7,800

44%

Feb

1.55

Jan >'

19%

;

200

9%
1.40

19%

25

•

7,050
3,920
1,400

33c

12c

,

UnlonvOil bf California—-—--.23

Feb

<

—25

Corporation
Transcontinental & West Air

Jan

Jan

1,595

9

common

5%

420

8

19%

—.

Jan

959

12%

;

7%
39

:

7%

—25

-—

Trunsamericu

12% Feb

Jan

1,925
.

5%

7%

:

Bcotten-Dillon

36
29

Prudential Investing-

River

:

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Peninsular Metal Products-.

Rickel

10% Jan
>5% jan

2,690

7%

38%

38

1.50

Jan

1.05

Jan

26c

9,600

36

>59

Calif Edlsoh Co Ltd——>.—25

Taylor Milling Corp.-*—w

Casting—

4,900

a273/a a27%

12c

-

-

Bouthern
Pacific CompanyStandard Oil Co of Calif-

Murray Corp common

Jan

8%

•

23'A

*

-

preferred class Ba—
5%% preferred class C—
Southern Calif Gas Co 6% pfd

Products*:-:.

Screw

a27%'

—

McClanahan Oil common
Miohienn

1.50

9»A

9%

6 %*

—

Feb

10%

25

16 y4

Jan

Jan

143'A

9%

Jan

1.90

38

57V2C 60c

Co

Original preferred

Feb

43

91%

-

Jan

Jan

120:.:

3%

,,

1.70

& 27

a63% 163%

16%

■

•

Corn:

Aircraft

Southern

■v

.}

9%

2.20
-•

Feb
Jan

1,375

■

9%

50

Jan

89

;

2,875-

9'/a

V

/•

Feb

Jan

3y«
35

.1

V.

64%

32

1.45

1.40

10%

Safeway Stores, Inc—*—
V Security Company
Sierra Trading Corp-—1——— -25c
1
Signal Petroleum Co (Cal)
Sinclair' Oil

175
705

;

9%

8%

9%

;

—

——

18%

9%

—

——

24%

18

18

1

Jan

Feb

.Feb

Jan

36

—

25

32

V 405

30c

T'.-.'.v:

common-

79%

Jan

50

a43 JA

—

Hoover- Ball &

Hoskins Mfg common—:—*•—_

■

19%

45

2.25

common,„

13%

Jan

64%

1,800
'

29c

i.icr
:i 7
:

9%

Ryan Aeronautical Co———.

Feb

.

31c

—

Oil Corp commonWarrants \—v——

1

:

44%

Oil

38

Jan

21%

6

1.40

Ltd-^.

Republic Petroleum Co

Feb

Jan

10%

:'S

1.75

26c

preferred-—4—^

Ranch

Feb

9%

:*; :>75%

•

245,

7%
'45-

—

8%

—1

■

Co_____

Rice

IS

Jan

'

1.35

Richfield

Jan

'■

7%

Brewing —————
Graham-Paige common

935

76

77%

15%

42%

—

common—.

5%

Oil

Feb

8 v.'i-.- Jan

51

a40Va a40%

Mng & Dev. Co

Corporation,

1st

%

500

a200%a200%

—100

—

J

19%

1.40

Co

5% 1st preferred
Pacific Lighting Corp

Jan

5%

1

■

A Federal Motor Truck—:—

Gar

Pictures

6%

Feb

100

1.40
/

Pacific Oak & Elec common—*—

•

Feb

Jan

510

.—10c

—

Mt Diablo Oil,

Feb

9 '*

12

27

Co

Petroleum

Nordon

27%: Feb

u

.

36

9%

'

9% Jan

Jan

Corp

Manufacturing Co

23% Jan

Jan

38

——i.——_10c

Merchants

Jan

27

com.

Corp—

Frankenmuth Brewing
Friar's Ale..——

Oil

Menasco
;

Jan

23

Jan

Mascot

Jan

4%

21% Jan

200

22%

|

6% Feb
,

Co

1.70

1

Los Angeles Investment Co

Oceanic
9

.27'A

Stove

4%

18%

,

4%

22%

common

Detroit-Michigan

7,785

19%

Detroit & Cleve Navigation:.
Detroit

I'ow

Feb

19%

;.y

•';• 188

a32% a32 V'4

Lane-Wells- Company
-i..—1;
Lincoln Petroleum Co———10c
Lockheed Aircraft Corp——-—
l

Range Since'January t

■

6%

22

Consolidated Paper
Continental Motors common.

Detroit

18

4%

Adding

High

5%

'

—

McLaren

Brown,

Shares*

of prices.
Low

Petroleum

Oil

Feb

Feb

.

120

.

884% a84%
a32%

-10

Hupp > Motor Car Corp-

13%

a65% a66%

*

Jade

Feb

14%
385<

16%

250

,

';','j'-24%/.24%.'

1

Hudson < Motor Car Co*—
Hunt Foods Inc common—

InterOoast

8%.

a75% a79%

24%

common——*

Holly' Development Go—--—

.

13%

>

10

common

Corp common—_———*•
Goodyear Tire & Rubber Co com.
Hancock Oil Co

Sale Price

9,175

20%

Feb

370

730

IS

*

13%* Feb;

•.

20

%

Gen' Paint

Frltfkjt*V ;./VTeelfOii;Ay Sales
liasrRange
fo* Week

High

32% Jan

.

'

General

Randolph 5530

5,470

.y
r •;

18%

8%

Low

28%- Feb
17y4- Jan

■:

988

14%
375

16%

-1

No.

285

.18%

13%
370

RlghtS''-—A—J—.AA—A-

Fitzsimmons

DETROIT
Telephone!

a267/8 a28

Farmers & Merchants Nat'l Bank—100
Farnsworth Television & Radio

Range Since January 1

Low
56

'

Electrical

4121

Sales

Range

Sale Price

a-a'.A

Week's

Last

Building

Unlisted Issues

—

Feb

■

stocks—

Ford

BROKERAGE

AND

Angeles Stock Exchange

Jan

50

'■

a68% a70%

common.

Ij

25%

Jan

»

&

Feb
Jan

,.

>••"22

* ■

Feb

79%

400

15
a41

'

Jan

120
440

33

15
840*

-.

40%
60

J an*

Wire to Allen

\j

Jan

19

53 Va* Jan

1;035

23

835%

31%

—

High

Jan

';.'yy'■

A -a

Motor

20%

a91'

A Van Dorn IronWorks—————.
11 Vlchek Tool
——_
White

249

a57% a60

.

{Un^f

16%

777

22%

Ou of onio:——>
Thompson Products Inc

U

125-

20%

.

eiaiiaaro

■,

Low

57

Direct Private

Range Since January 1

High

55

——w—-:——.

Seiberling Rubber'———■
■a

Shares

of Prices

al7% al7%
a37
a38%

—

(Un)—.

'

for Week

Range
1

Sale Price

Low

y

Sales

Week's

Friday'
STOCKS

.

Jan'.;

30%

Jan

23%

Jan

26%

Feb

_

General

Foods

Corp——

—

—*

—*

Graham-Paige Motors Corp
,—1
Northern Ey Co pfd-————*

Great

a50%

a53% a55
14%*^ 13% 147/o
• a59 %
a58 % a60 %
a55

.

76
'

850
190

Jan

/:'%///''%-/.■

THE COMMERCIAL & FINANCIAL CHRONICLE

932

Monday, February 18, 1946

OTHER STOCK EXCHANGES
RANGE

Co of Canada—*

Tel

International

Tel Corp.——-»

&

.; •

-

—

Friday

Shares

Range Since January 1

20%

255

39 %

Jan

100

28%

Feb

••//

Jan
Feb

United
$3

31% Feb

./

'

•

Low

Par

—1

Copper Corp

7

Llbby. McNeill & Llbby——
Loew's.

Inc

13%

14%

.

' a38%

Jan

.

Inc—

6%

2,722

■:r-r4A'A

58%

319

47%

/ 26%

26%

27%

25%

25%

42

42

:'vft-,

Westmoreland
575

1J.% Jan

14%

33%

Jan

39

=»

7 Va

Jan

J.560,

Jan

58%

Feb

28%

Jan;,:;-'
23% Jan
/

Feb

Jan

50

Jan

76%

Jan

80

Coal

—20

Feb

42

22%'

50

Jan

25%

Feb

43 Va

.5

Jan

Feb

47

Inc

Westmoreland

Feb

100

49%y.5i%

V

.

238

.

371

80 -, 80

80

Co* Inc———*;

Montgomery Ward &

/■'Z# High

LOW

5%
49%

55% Feb

.

a

Robbins,

&

McKesson

Range Since January 1

#/

Jan

J

a37% a38%

.

50%

200

;

14%

18 #,50%

—*

--

——

a56%.■ ; a54% a56%

•

High

6%
•

_

United Gas Improvement—.
Kennecott

for Week
Shares /

58%

Corp common—

preferred

Sales

Range
of Prices

Sale Price

"•

'y-.Av-ii.■ •'

41%

v// 13% Jan

347
"

/ STOCKS—

Week's

Last

>

•'

~

a40% a41%
28% 28%

a41%

: %

15

FEBRUARY

for Week

V'
Sale Price
of Prices
///...////'.#•■•'■'/#//.Par
Low Hioh
Interlake Iron Corp
—•
19% ■// 19% 19%
STOCKS—

International. Nickel

WEEK ENDING

Sales

Week'**
Range

Friday

/■//■■ ■/'Last

-'is

FOR

>

/

a:,;,,...

i; ;

;

........ t,

.v,"

■-i'

-.

"

■

i".".'

.

■

4"-'. v,

rvV' "■ /•#:

:

a

t

■ -5-

,

*rrr a

~

.

r';#- V r K ^ -'L.'v :=V

-•

#."i-

-

"

—!

15%

34

.

34

'

34

,

Feb

1,255

32%
16%

r 31

32%
16%

•
North American Aviation Inc———1
North American Co
—10
Central RR

York

New

35 %

Jan

490

V 14%

Jan

16%

34%

Jan

34%

Jan

27

21%

Jan

22%

Pittsburgh Stock Exchange

Jan

275

V;

Jan

>

■

.

Ohio

Oil

Co——

*

——

a21% a21%

—

■

'':v\^

Friday

Packard

Car

Motor

Inc

Dodgt Corp—-—

Phelps

Inc

Pullman

Pure- Oil

12%

352

378

—*

-—_——

(new)————*

Sears Roebuck & Co

—

25
25
——*

(N J)

Webster, Inc—

Ac

Studebaker Corp

Swift & CO—
Co

Texas

.

' : v v #'

'7 v
m
"* k
Union Carbide & Carbon

—

—

tf,& v1-

;

"j'"i

42%

'■

23%

Blaw-Knox

*

Clark

Feb

18%

Jan

Jan

a

/•:'

Jan

39%

36%

Jafi

'■>' 44%

649

16%

Jan

17%

•

Steel

S

Corp

47%' Jan /

17

Western

Jan

Harbison

68%

Jan

Lone Star

Jan,.

23

Jan

23

170

31%

Jan

33%

Jan

233

38%

Jan

39%

Feb

100

25%

330

31

31

150

3

5

—

High

37%

Jan

•48%

Feb

22%

Jan

29%

Feb

12

100

11% Jan

13%

682

9% Jan
2% Jan

12%

Jan

15%

Feb
Jan

/||a3

1

&

;

Jan

25%

Jan

28%

Feb

34

Feb

25

8%

8%

100

8%

Feb

9ya

Jan

27%

27%

50

26%

Jan

28%

Feb

..10

17%

17%

18

35

15%

Jan

19%

Jan

-10

11%

11%

11%

4,780

10%

Jan

8%

■

0 r*
_

Gas

Mountain Fuel Supply—
/

National

Fireproofing

Corp—

tir,» ■' v

)

9y

Federal Corp

9

1,600

6%

2%

2,000.

1%

Jan

3

Feb

4%

12%

Jan

2

2

;—.

//

Jan

Jan

/Vj'r/.v#*; I

36%

;A

3

y Feb

200
140

67

Jan

80

Feb

42%

43%

6%
70%
44%

622

42%

Feb

48%

Jan

13%

10

Pittsburgh Plate Glass new—
Pittsburgh Screw & Bolt Corp——

/

6%
70%

'./

13% 1

9

Feb

13%

Jan

2%

Feb

'

6%

Feb

51% Jan

Jan

140

Jan

"

,i!

'—

——

3

'

»

O

Preferred

Feb

3

common,——

Pittsburgh Brewing common——:

Jan

2%
r

OO'vf

Jan

9%

a-;:

58% Feb;
22% Jan

—...

Oil & Gas—

Penn

58% Feb
20%

158

145

45

36%
'

a37%
<

—

10

(P W)

|3 1/

12

com —i

Refractories._

Walker

Ohio

./: 36

Westinghouse Elec & Mfg Co

Woolworth Company

3

: /

:

220
980

-Jan

20

5%

^

■y^\'

'

'
,

—

90%

95%

A.'.//.'

23 %

■>:A

Renner .Co
■Sam Toy

Jan

Shamrock

7% Jan

...

Oil

Gas

&

Steel

Standard

1/Y

'ii

common

—l

Springs

■

86s/8

Jan

96% Feb

Vanadium Alloys

31%

Janl

36%

51%

Feb

51% Feb

36%

Jan

40
624

2%

22'/«

2

23%

120

Jan

22%

50

|

Feb

45c

46,600

23

22%

a/'

*

Feb

42%

45

740

38%

163

36%

38%

495

35%

Jan

Jan

27%

Jan

24

Feb

46

Jan

40

Jan

39%

Jan

36%

60c

18% Jan
Jan
42

37%

-

45

—* :■•
Westinghouse Air Brake——
Westinghouse Electric Corp com—12 %

340 :

Jan

i;39% Jan

25

50

23 %

—

r.i 23%

*

'

60c

50c

55c

100

a55% a55%

2

—

Mlnirig——

280

,

i

/

A

926

•

36% 36%
:51%: .'51%va37
a38%

__

-4% Jan

1,587

6%

a70% a70%

-—-—95

12%
Willys-Overland Motors, Inc-u——1

Corp

Brewing---——-———.

43%

Jan

25

Pitt

Fort

j47,/2

Feb

68%

270

—

Inc————5
Union Tel Co A-———*1

12'

Vv

rr-r. yy

Commercial

Brewing

Duquesue

:

41

160

45
45
a35% a35%

__

:

29%

13%

V

Candy__—

L)

(D

„

207

35

Pictures

Bros

47 %

24%

Devonian-Oil
;

'

Warner

Low

$

45%

29%

Jan

'

.

al06%al08%

Aircraft Corp--—

U

High

45%

—

——

Columbia Gas & Electric commons
Continental

Feb

31

al55,/4al55%

10
—«-5
United Corporation (Del.)-—' 6%
U S Rubber Company
—10
a70%
Air

Low
W

Range Since January 1

25%

Co

v!

''iV.

-

Shares

Feb

860

1,126

—

Inc

Lines,

United

United

•

Ludlum Steel—

Allegheny

Feb

al08%

Corp-,——•

Par
■

Sale*
for Week

%

/ .Jan

k

"

viV'wii

17

42%
17

-

;

107

Co——100

Union Pacific Railroad

'

Feb

22

a56% a57%
a50% a51
a20
a20%

a57%

Feb

,47

Range
of Prices

Sale Price

.

Feb

70

Jan

329

,

a31% a32%y
39% 39%

,

__

*
10

:—■—

Tide Water Assoc Oil

j

a32%

—25

-

Gulf Sulphur Co

Texas

—

,,

42%
16%

12%

Jan

1.136/

a47% a47%
40% 41
a67
a68%
a21% a21%

40%
a68%

—
1
——25

*

—

—

,

—--

(Ind)-—

Co

Oil Co

Standard

—

Co„i——18
Inc

Brands,

Standard

Standard Oil

,39%

Jan

43

39% Jan

70

.

17%
39%

17%
37

.

240

i

,

a21% »22%.

—

————*

:

a66%

a65

Co—ww—//..V##.

Bocony-Vacuum Oil

Stone

11%

—

Radio Corp of America..—-

Republic Steel Corp

10%
60 %

1,850

a65% a71%

:—50 ' a4S%*i a45% a47 %
25 /%a40% a41%

—12%
1 ^ a70%

Co

Pictures,

Paramount

Pennsylvania Railroad Co

Week'*

Last

.

STOCKS—

/: Jan

26%

Jan

53%

::

Steel—————

37%

.

38%

:

Jan

Jan

53%

v■

Feb

St. Louis Listed and Unlisted Securities
^

1,1*

.\V~t

/

-«

' .y.

/Vvr, ,N

#

f

,

•*

V

1

Edward D. Jones
Established

Philadelphia Stock Exchange

300 North
-

Week'*

Friday

Sales

4tli

'#

Co.

&

1871

St., St. Louis

■

2, Missouri

■

'

Last

of Prices

Sale Price

Par

•-

;••

Low

»

American

Stores

American

Tel

——

(E

Budd Wheel

Chrysler Corp
Pub

Curtis

•

25

21%

23 V4

V-

Jan

32%

'A.r

Jan

195%

Jan

38%

Jan.

91

Jan

22%

Feb

26V4

Jan

22% Jan
130sa

687 ',

140%

Jan

26%

Jan

21%

236

28% Feb

Jan

Feb

;

,

50!a

Jan

75%

16%

79%

1,544

73%

Jan

47%

110

44%

Last

■

Jan

55%

Jan

Jan

80%

.

16.

16%

143,8

14%

14%

203

10%

11 %

15

760

Jan

936

17%

Jan

Shares

Low

1

—

12%

Pennsylvania RR

■

m

srr

8%

.

24%

8%
25

I

100

Jan

<412%

,

Century Electric Co—
lo
Bottling common—,
.—-I
Brewing common——.—5

Jan'

/ ,/ 9%'

Dr Pepper

Jan

7%
23%

Jan

27% Jan
47% Feb

46%

45%

47%

2,820

41%

Jan

43%

42%

44%

527

41%

Jan

46

29

———

•

Philadelphia Electric Co common

•

•

preference common
preferred
Elec Power 8% pfd-__

$1

4.4%
Phila

28%

30%

3,344 :

27%

Jan

Philco

■

1,039

27%

Jan

37

118%

560

28%

Feb

32%

40%

Feb

46% Jan

29

29%

29

119% 121

25

V-

31

121

Jan;

Feb

40%

41%

f//153

.—50

30%

32%

395

27%

Jan

33%

——w ,...50

43%

43%

137

42%

Feb

46% Jan

■

i

Scott

Paper common

Tacony-Palmyra Bridge—
Class A participating..——.—
Mining

Tonopah
Transit

56%

58%

44

52%

64%

—_

——

Invest

—

■

Corp

ft

i

64%

64'/#

110

# 64%

common-

Preferred

—

•#":

52

57

56

.

..

25

Jan
Feb /"

23a

3%

3,633

3%
i

4%

4%

4%

3,836

3%

680

3% r,i 4

3%

10%

Jan i
Feb

8%

Jan

32%

Jail

35

."24-/.Feb:.;

>25 %■

21% Jan
35

Jan

42'

Feb

56%

Feb

68

Feb

20

1

•

Feb

215

23

Jan

25%

65

28

Jan

32

Jan

145

6% Jan
47% Jan

8

Jan

52%

Jan

.—-——100

434
20

25

Feb

25

Feb

Laclede-Christy Clay Prod com—.—5

490

17

Jan.

18%

Feb

24

Jan

Shoe

Feb

Meyer
Mo

Steel

common..-

Blanke

20

;

100

j

25

corn—

Jan

Feb

St Louis Pub Serv cl A com—

Jan

Scruggs-V-B Inc common
Sterling Aluminum common

57

Feb
4% Feb

'

Jab %

V 321

28

Jan

24%

Jan

Feb

26

Feb

28%

;

:

Feb

/

w v.-<»•«*.

73%

Jan

23

*

common.:;

Portland Cement

58%
:

•

■a- 3%

——

Jan

common——•

Laclede

57%

—
•

Oil

50

10

common

Preferred

Johnson-S-S

v

Sun

Jan

'

*

Reading Co common2nd preferred —

Hydraulic Pressed Brick

Feb

<

25%/

43

Jan

29

Corp

Feb

40

100

Hyde Park Brewing common—--

Jan,

28%

;

9

145

common—

Grlesedieck-Western Brew common—*'

30% Feb

100

,

Jan

Jan

61
V,

Huttlg S Ac D. common--—5
Salt Manufacturing—— —50

Penna

13%

:

8

795

Coca-Cola

Jan

5,777
'

12% Jan

125

Bldg. Equipment common——3
Burkhart Mfg common-——
—1

62

;/

High

Low

12%

Bank

Columbia
Pennroad Corp — ———— ——1
Penna Power & Light-

Range Since January 1

i

Hioh

Jan

17

Jan
10%

for Week

'

American Inv common-

61% Jan

Jan

Range
of Prices

Par

,//<#•. v'-i;#-,,-/''-

10%

,r9 :■

& Light—

355

77%

7Z in

Lehigh Coal & Navigation——
II"io
Lehigh Va'Jey RR
National Power

54%

24%

Jan

52%

Brothers

Gimbel

22%

24

53%

1

——.

Motors—

General

2,172

23%

Week's

Friday
Sale Price

STOCKS—

.,

;45%

Battery

Storage

Electric

-13%

Light—

Power &

New York Curb Exchange Associate

;

'

Delaware

Phone
CEntral 7600
Bell Teletype SL 89 J

.

Feb

83%

90

V

Exchange

Chicago Board of Trade

Jan

33% Jan,

320

23%

Stock

Chicago Stock Exch.

25

37%

88% i

135% 136%

,135%

* 'At

V

common—-———

187%

York

St. Louis Stock Exchange

> / High

310

36

26% .27%

5

——.

—

Co

27%

141

803

22%

24%

•

Co—

31%

New

Range Since January 2
.

88 %:

36%

pfd—Li— -—50

commonJi—

Mfg Co

Gi

192%

Works v t c, .—13

Baldwin Locomotive

Bankers Securities Corp

Budd

30%

—100

Shares

/

High

191% 193%

—a,

& Tel

Members

for Week

Range

.

-5.
1
Stix, Baor & Fuller common—,
—10
Wagner Electric common.—-—15

35

20

Jan

21

Jan

100

—1

*

65

Jan

78

Feb

18%

Jan

28%

Feb

10

,

1,932
132

32

Jan

35

Jan

46

Jan

49

Feb

$3,000

122

.

;

'

Jan

■//;

3%

Feb

4%

Feb

ADIAN
RANGE

FOR

■

■

■ •

■

St Louis Pub Serv 25-yr conv Inc—1964

LISTED
WEEK

BONDS

ENDING

Jan..

125,V? Feb

MARKETS
FEBRUARY

15
■

Week'*

■

Sales

Range

Friday

for Week

'

':y:y;',y/..Ay;

Toronto Slock
11-

Exchange

Friday

■

Alger

/'A; '

Week'*
Range

for Week

Sale Price

of Prices

Shares

Par
Abitlbl

&

Power

6%

Paper

preferred

1%

—

Gas

Oil

8%'
99 %

&r.

American

4,095

99%

:a

180 a,™

•

7%

Jan

93

Jan

Anglo

100%

15

172

Jan

181

20%/Jan

24

745

Canadian

see

page




1

Anglo-Rouyn Mines

106

10

103%

Jan

6.000

8%

Jan

11%

Feb

Area

Jan

32

Jan

Argus Corp Ltd common
4%% conv preference

50

30

31

1.80

1.85

6,400

20c

1.80

Consolidated

footnotes

•

23

20c

1,020

/

?8

1.58
15c

Jan
Jan

Ansley Gold Mines
Aquarius PorcuDine

106

1.99
25c

Feb
Jan

937.

_•

Oold

M'nes

Warrants

)

For

Oil

'

-

1
*

100

-

26
161

Feb

Jan

109

Feb

1.15

1.25

15.800

13c

'

12 %c

13c

558

1.63

1.75

22c

23c

70c

19c

10%

10%

2,670

99%

99

3

2%

99%
3%

70c
22c

10%

:.

Jan

Jan
Jan

12,000

•

.-:■

,

4.500

29c

1.10
10c

1.63

Feb
Jan

31c

1,36

Feb

Jan

Jan

13c

Feb

Feb

,1.95

Jan

Feb

30c

Jan

14,500

22c

71c

4,200

63c

Jan

90c

Jan

23c

31,200

19c

Jan

24 %c

Feb

9

Jan

115

98%

Jan

100%

Feb

5,339

1.90

Jan

3%

Feb

r.

;•?;

'Ki#

Jan

22%

31c

22c

High

106

30c

■■

■

54c

129%

65

1

Jan

810

108

•

42c

260

107%

1.25
V

1

1

23.500

24

161

'

31c

;■

•

Huronian

22 %

*

common..

1

46c

150
•

Range Since January 1

/ Low

High

23%

24

161

100

pfd

Yellowknlfe

Anglo

9%

1,435

Canada

106

Gas

Alberta-Pacific

of

42c

44C

y
*

•

common

Shares

of Prices

Low

common

Ltd

Aluminum

Sale Price yA.i

Par

Mines—;

Aluminium

High

8%

A'AIA

V' rfy-;'v

11 %c 1134C

23
•

Oil

Shoe

98

•

Gold

Algoma Steel

'

8

179%

common

—.

&

Agnew-Surpass
Ajax

•

Low

—

Sugar

Preferred
Acme

common—

_100

preferred

Acadia-Atlantic

Wr'SPyi'r'x

Sale*

Last

.-.W

Last

y

.

STOCKS—

Canadian Funds

STOCKS—

y. ■"

12

Jan

•

COMMERCIAL & FINANCIAL CHRONICLE

THE

4465,

[Volume 163 /..Number

LISTED MARKETS

CANADIAN
X

BBV

;

•

'

—1

Mines

Gold

Arjon

Mining

—-—-10

——

48c

•

Mines

Ainona

Aubelle Mines Ltd

15c 16 ^4c

:<'A- v.'CV';'V

Bank
Bank

of

Bank

62c

Jan

12%

Feb

13% Feb

2,500

12c

Jan

26c

Jan

100,639

52o

Jan

87c

Feb

■

64.460

32c

Jan

39c

Jan

55c

Jan,

68c

:

Feb
Feb 4'

20c

9.000

24 V2

25

34'A

435

550

Exploration & Radium—

Jan

20

20c

Jan

19%

Jan

1.45

1.55

33.100/4

1.41

Jan

1.52

1.68

20,170

27c

1.64

"160

39

Jan

43

31

Jan

36

Feb

55c

36

■

63c

23,000

45c

Jan

69C

Jan

"

•

Yellowknife——-—-———! "V']1' 62c
bell Telephone of Canada——.100
190
Belletet re Quebec Mines———1;■■. /
Berens River Mines ————.*—1
1.25

I Beaulieu

25

14%

14%

35

32

32

*

preferred
:

14

15%

common

188

190

5,786

15%
1.35

900

137A

Jan

1.20

8,195

1.20

Feb

80C

92c

47.600

7UC

Jan

92c

Jan

74.03J

33c

Feb

45c

34%

/4 13

*

25%

Jan
Jan

Tar

B

,

Jan

32

Jan

14

Jan

15%

Feb

53

Jan
Feb

53

20

:/

31%

//

16

23

24

25

Feb
Feb

16%

Feb

13% Jah
Jan

24%

305

Feb '

Bidgood Kirkland Gold—.1
-4.-.-*

Blue-Ribbon common-——
Preferred /.
Blue Top

16

.16

65

14

Jan

17

14

14

14

15

12

Jan

14

——

57

,5 /

bb

Jan

M 60

40

40

100

35

Jan

40

27c

29c

42,300

21c

Jan

30c.

Feb

39 Vic

39c

40c

21c

24c

'

Bob jo

Mines Ltd—
Gold

Bonetal

~1

Mines

,

Bonvllle Gold Mines—-i———I

Boycon Pershing Gold Mines.

-*

32c

32c

39C

210

2,100

Feb

30,400 '

321/ac

39C

.

Jan

Mihe*/;iittf;^•

Bralotjnr

18

271/2

.

27%

15%

Feb

27%

Feb

15%

Jan

30%

Jan

brazillan Traction Light <fc Pwr com—*

28'4

27%

28 y4

9.130

5

14%

13 7/8

14%

1,505

13%

Jan

14%

2,415

Jan

28%

Jan

50

Feb

Jan

31%

3.05

12,400

4.00

13%

14
45

American

Oil

British

Columbia

Packers

:

Class. B

■

■

i

British

26%

47

47

50

450

38

30%

30

31%

1.303

28

*

Oil

4"/8

•

-

44%

45c

:

Porcupine Mines, Ltd——1

Buffadlson

Gold

Mines

4——1

Buffalo Ankerite Gold Mines
Buflalo

Canadian

Lake

Buffalo Red
•

Gold

Bunker Hill
Burns

1.40

1.54

9.80

—

14.705

35c

Calder Bousquet Goldl—
Caldwell Linen 1st pfd
'r

-

1.010

9C

7c

9c

11.200

'13

13

13

2u

36c

39c

22,200

-1

321/4

,

Class

Class

:

?

A

B

•

2.70

9c

36c

Feb

44c

Jan

43c

16.250

3.05

7,800

37C;

8%

78

Northern

Power

—*

-

—

■■

51c

•4

pfd—i—_.

78

^21%C
17C

Jan

145

Goldcrest

Gold

15c

Jan

62

•

—_L.

67c

280

21

:4''w 515

?■

Permanent

Mortgage .AiaWiinw 100

Steamship

common—£—

-V '

193%

Ti

21

//

22%'

.'.EI

51

36

'

*

17%

"

PrcMred

-

T-_—

195

Jan

235

51%

47%

265

•

84

Jan

88

Jan

28

11

11

1i>0

Jan-

12

21%

22%

Jan

22%

Jan

22%

24

18.613

22%

Jan

28%

Feb

35c

60c

15.585

35c

Feb

60c

Feb

22%

23

715

common

Commerce

-i4-——

Canners

Canadian

4*

common—^

1st

preferred ——————..20
Copy preferred
4,f.Canadian Gar & Pdry common,—
New preferred
1—^^———25

26

2G%-

22%

•;/

19%

34

35

24

-

22

1,150
■

Jan

35

7%c

Jan

*

*

28

28%

24%

Jan

29

Jan

common.—*

13%

14

12

Jan

15

Jan

Harding

19% .Top .// '■'r ' 21
22
17% Feb ' i4':

Jan

•

20%

;

/'■ 17%
37%

-

115

*

1.835
-

620

6.430
■

-1,155

39

r

?

-*

!———•

1.24
17

Canadian

Tire & Rubber——

Canadian

1

Cariboo
Castle

Gold

25

Trethewey

-

Central Porcupine

Centremaque

•

13%
105

65 Z

24%

29

28

'

18

29 %

250

26

Jan

-P*

175

25%

3 05

l^OO

2.05

6.343

2.95

39c
40c

Feb

V

■

1.75

Jan

3.00

Jan

44 %c

Jan

Research

13

z

__1

36c

200

13

85c

75c

86c

1.81

1.76

1.90

1.60

1.45

'

•

Mines"

Chromium

10

Feb

50c
16

Jan

15,609

1.90

7

12.050

Circle

■»

Knitting

Bar

Willans
Plow

Cockshutt
Coin

Lak«

1.30

Jan

Feb

1,90

V

-Ml

SY.

11.060

7.575

17%

18

930

28c

4.60

•

Co

Mines.

•

80c

81c

1

85c

88c

Jan

;i; 22/;'

Jan r :

'4.

Scarcee Oil——^

V

*

Jan

)

i

Vi.

>

..

-

_

;

—

■

Jan

.X

82c

16,400

70c

Jan

1.05

'Jan

•;

1.00

100

80c

Jan

1.23

Jan

-l

Mines

Mining

& Smelting

...■

—5

Bakeries

Consolidated

•

/

•

Conwest Exploration

;

Jan

675

7%

Jan

8%

Jan

700

2.40

Jan

2.85

Feb

;

2.52

2.00

Jan

2.60

Feb

/

87% :. 90%
160

162
■•

Box

20.587/

1.95

16%

290
.

.897

78

,

9%

0 9%

9%

5

31%

31%

Jan

80

19

Jan

162

Jan

/

'7

91%

Jan

1.20

105.250

1.65

51c

it

Jan

156%

219

162

1.68

•

common

Imperial Mills————„__

''■■ti---

■:

Cournor .Mining———

Crestaurum Mines

__

_

—

..

Crow's Nest Pass

For

__

see

page




61c

100

937,

66C

'

/

8

13%

:.;•

78c

86c

1.50

1.53

11,700

49

55

0*2,'

•

*

i

.

102

f

Huron &

.

r,

28%

Jan

Feb: >

1.50

43%

Jan

Jan

9% Jan

12% Feb

19

12%

_

22,700

19y8

Jan

Jan

(John)—-i——8:
———-I

35c

II,999

25C

27c

6,600

25c

Jan

30c

50c

6.000

Jan

69

49c

43c

—

2.75

3.10

53c

5,500

24

24

760

18%

19%

3.50

3.75

27c

31c

50o

Jan

19% Feb

19,100

25c

45

Jan

61c

-3550

181

Jan

Jan

10c

Jan

74c

Jan

44c

1.120

-'44:

35c

Jan

73c

Feb

45% Feb

/ 37% Jan

14,100

42

23

28%
16%

48

Jan

:

40% Jan

48

Jan

.

Jan

101

Feb

i

26

Jan

30

15%

.

30c

Feb

95

4

Jan

31

10,382

15%

.15%;

1,160

Jan
Jan

16

64C

14

13%

'. 14

1.45

1.32

1.45

:/1

International

///

Feb

70c

Jan

24

Jack

Gold

Mines—L

86c

Feb

Jacola Mines-

X 1.67

Jan

Jason

Feb

Jellicoe

——-—

Mines

-----

—

...1

1.55

1.50

2.30

.

2.500

2.30

34c

37c

8.7C0

I/

37c

41c

41 0"O

7c

1

;;

8c

,

.

Mines

'

'

Feb

32%'J.an

Jan

.-47

,

Feb

27%

Jan

1.90

Jan

2.30

Jan.

Feb

'

32c.

Jan

41c

Jan

30c

13.466-^

~

47c

48c

21.600

/

—x

14c

15c

16.346

/"

—

11

Jan

f

Jan

41c

Feb

/5%c Jan

9c

Jan

,

40c'

Jan

12c

Jan

-■

1.65 £un
•

37

'22

.800

2.25

Feb

Jan

| 1.40 Jan
1.90 Jan

•

(Jan
»

40%

•

I
—

14

30%

9,430

MineSi-——

Waite

80c

Jan

1.20 Jan

30.300

1.70

*

Mountain

Jacknife
*

23

Feb
Jan
sJan

34

15.500
'365

44

32%
"•;''46"

.50c

Uranium.--Mining—^

/'•;'

Feb

Petroleum

1

37

36

•

15% ;J»n

Jan

Feb

9'A

•

C

45%

International Nickel Co common...

/

Internatinr.

II,800

32%

.

14

23,300
2.945

-

17%

59c

230 :

15

"14
59c

13%

•

~

"

'

60c

'

Jan

20c

595

16

15%

16%

Jan

Jan

8c

80.000

45

Jan

4.40

3.50 Feb

22,700

68c

IPO

I41/2C Jan

15

68c

28 'A

Jan

63c

Feb

7.515
10.420

23c

28%

Jan

Jan.

25%

16,400

22c

Jan

3.60

Jan

Jan

22% •44 VA
:

2.70 Jan

>

Jan

60c

sn

Jan

10c

61c-

'V

Feb

22%

9 Vic

8%C

43

2.55

55.400

10c 11 'Ac

2.32

23,250

50c

32%

class A

Feb

Jan

26.700
20.499

36

—

Jan

30c

23%

International Coal & Coke

Jan

1.24 Jan

31c

'200 V Jan
27c

•

jan

141/2

1-02 Jan

.:

27c

100

Imperial Bank -———i——10
Imperial Gil
Imperial Tobacco of Canada ordinary_5
Imperial Varnish :—r*
Indian Red Lake.-———1

Feb
Feb

55

Jan

6.00 Feb

2.55

•

International Metals

Jan

31%
/ ;

.Jan

10c

Jan

2.35

22c

Erie common.

18c

Jan

: 25c

• 44
■>

Jan

7c

4,70

i 27c

64c

'

14c

!

28c

'

68c

r

Jan.

28%c

1

Smelting.

Feb

17% Feb

25%c

■

.—1

1,
&

Inglis

9%

•

Jan

78c

23.865

1.52

465

-14;.

1.15

1.10

Mines——5

Mines.

Inspiration Min & Devel

1.95

55c

-

8,550

78c

__

1

Coal—;

footnotes

31 Va
66c

roinor Pershing Mines

19%

Dauch_—

Gold Mines.

Island

Corrugated
Cosmos

19%

25

:

18%. 18%
89%

100

(Toronto)

700

8'A
2.75

2.30

2.40

Cofibolidated

Consumers Gas

Jan

45c

48c

8

48c

■-

CoiViaga'S" Mines-Oofviaurnm

I,126

•

\
__

11%

Feb

7

59c

'•.V'-c/'i

;;

,2.65

National

10%

—

-a

Jan

18%

Jan X'

IT

Jan
Jan

:

.

Conimditwealth Pete

5.50

100

Feb

14
,

Jan

14% Jan

37,400

5.50

50c

25,500

8c

7c

13'A
1.12

,

—*

Hugh Malartic Mines-.
Hunts Ltd class A—-/.

'

Conduits

14c 16 Vic

•

.

995

14%'c

1

Cadillac

v

5.00

35c

•

4.40 Jan

'

—1

I

.i.—£

18

X

18%
25c

5

31c

4.75

20
*

—1 ;

Mines.l— —1

Gold

Yellowknife

Colomac

20

27 c

4.50

—

Citralam Malartic Mines—;
Cochenour

■

16%

11% Jan
5%. Jan.

/

1.390

57c

-1
—

Class B

l

6%

*

•;

———

—

325

14

13

6%

/ 2.85
50%c
\ 10c

Gold

Feb;

53%
.14

1

Howey

v

Jan

2.14

'• 1.70 Jan

v,

880

1.60

Jan

43c

6,990

.

Z

7%

>55

53% Feb

Jan

Jan

-r"

Feb

Jan

32

19
3.60
Homer • Yellowknife -4—28c
Homestead Oil & Gas—1
9c

Jan

30c

8.200

Jan

v

31

43

vv;^>*»'*>

/

Mascot 2

&

Jan

15% Jan

:

Jan

11%

Hollinger Consolidated Gold
Home Oil—

•2.10 Feb

2.75

61,950

i?

Feb

Jan

1

; Highwood

20c

/

nJan

15

t

Heva

Feb

3.05

2.80 Feb

5.750

36C

Mines

Feb

26c

3,889

2.40

Hedley

jJan

42

;

Mines

Gold

56 Va.

15c x Jan

4,271

53

26%:

Jan

/Feb

755

1

Hinde

35c

1

Ctiesterville Larder Lake Gold Mines —1

Jan

53

.

1.440

Headway Red Lake Gold

Jan

Jan yfiA; 29

1.85

31

;

:

/ 115

.Jan

15c

57

13,900
3,000

,

Jan Z

.

32

Heath Gold Mines

Jan

24%

29%

2.85

Mines—i_4——1

,

7c

106

53%

Carpet——-————
*
Gold Mines—1

Harricana

Hosco

Chemical

9c

•

51

———1

Hasaga Mines

-105% Feb

2.90

*

ill

28

——*
com——-—*

AW- t

B

1.35 Feb

Jan

Jan
Jan

?1% Jan

9.809

.-i.1

Chateau Gai Wines—

>1

Jan

32

Gold..Mines————1

Harker

-

28

Mines

Gold

1.625

22%

4-4—44-4.--——i

Central Patricia' Gold

12.310

17

24%

•

Quartz.—

1.27

105 105%

Wlrebound Boxes-——

Ry^

1.10

-

1.20

16%

Preferred ■' -4—4——-i——4IOO -U
Pacific

2.65 Jan
35c

Feb

' •"* " 53

Mines—-———1:

Cotton

Hamilton

Jan

00

_4

—-■—*

/Hamilton 'Bridge

39% Feb;

"

Jan '

354

i|

a

Jan

40Vic
;

Jan

2.00

25c

50

Hard >Rock

Canadian

•7

'

s 31

a

Ltd

43

.

55..-, 56%
19C /21c

•18C. 18% c

20c 1

Hallnor Mines

Feb

Jan-

—-4-^4-w—_—^.4-4-^

35

Mines.^—^—k>l,v rJ7ihc

Jan

Canadian Malartlc

6,000

113

,•

—

fW'+if

.>

A0%

Canadian Oils

8VaC

HalliwqU Gold

Jan

..

v.-:

7,300

110%

common—*

ytc

—

Halcrow Swayze

20% Jan

59%

Canadian Locomotive 4:

17,916

j|

'
"

'Jab

79c

Feb

31c

48,100

15%

80

:-:4i—i-4—4—4^1—44-—4-*:
Canadian Industrial' Alcohol com A—*

35c

Ja"'

1.30 Feb

Jan

Jan

30c

16

749

1

90c

53c

2.40

•

"■

Products

Jan

25c

Jan

23,950

25C

1

Gypsum Lime & Alabastine——

r

Pood

Feb

75c

58,800

31c

55c

68

Dredge ;

39c

Feb
1

2.22

54c

42%

Class- "A

65c

Gold, Mines Ltd———<—1

Gunnar

.i

23/2

Jan 1

'Jan

18

,/Preferred

Jan

3»% Jan

1.495

Mines.^

Paper

Greening, Wire;

42

Canadian

:

72c'

1.27

1.21
■-

-

__L
2

preferred
:Cominon ————

65 Vn

Canadian
■■

9c

,

Vtc

•

common

16.900

——.———1

Rubber common—*

Great West Saddlery

Jan

26"%

22>/4 Jan
25
4 Jan ;

"•1:268

.

•

18%

310

-

•v:/-

9

Lakes

Great

$1.75 preferred ———-—100

t »*ianc5e

16,400

19C

34c

Bousquet

68

Cwt'»dian

65C

16c

1

■

v

.

3,515

:

23

18%

^

„

Jan

Feb

28c

60c

50

Grandoro Gold

Feb

10

Graham

Jan

Bank

88c

57c

-

18.500

36c

25c

,

Preferred

Jan

26

—

Jan

;
.

'

Feb

Breweries common^—4-—*

C»""»«iirti

'

51%

Jan

20

Canadian

Feb

12c

115,800;

2.35

Goodfish Mining

Jan

200

4»

..

Rights

23-

-88

——-—

—-

Feb

Jan

22c

60c

65c

———.

Goodyear Tire it

Feb

26%

4-

Canadian Bakeries

"

?

88

B

Class

25C

.

33,200

34c

1.24

1——

Mining

Gate

Golaeu

Feb

26%

Canada Wire class A
-

.-50

——,

Jan

17c

——r————«

Goldora Mines-

Feb

21

■

Carnidn

Feb

18c

14% Feb
40%

Jan

178

26

195

193

-

Jan

8.70

"
'

Canada

Jan
Jan

12

390

14%

24,752

Jan

107%

Jan

60c

———

Golden Arrow Mines..

Jan

40%

20c

67c

34c

•

———

Eagle Mines.

Goldhawk

Jan

56

14

24c

21c

20l/2

7.55

"

Feb

131

40

8.506

Feb

110% Feb'/;

Jan

105

15

8.70

8.10

Feb

;110/-

Jan

19%

:

jfan

16%

/

Jan

108

20

107% 107%

—t

Jan

5.45

Jan

.

155

8.15

1

•

,

230,

20

20

•—p.;

14
105:

1.066

-

Feb

18%

Feb

14% Jan

140

20%

Jan

110% 110%

110%

lioo

.ii—

God's Lake Mines Ltd

Jan

275

21

•

.

4.85

110

K

Goldalc Mine—————

9% Jan
106%

Jan

75

35

30

2,165

Feb-'

Feb

16%

common..

/,

Jan
Jan

Feb

54%

75c

56

Feb;

64c

I.852

27,350

'

.100:

Wares

Glenora Gold,,

Jan

6% Jan
102%

16

110

Jan

.32%
'

30

56

110

i Jan

7% Feb

Jan

5Vi

Jan

9%
24c

17c ; Jan

820

5.25

•

:ioo

—

Jan

119

/ Jan

;

Jan

Jan

5%

31,300

68c

5.05

Gillies Lake-Porcupine Gold

3.30 Feb

60

58

59
14

/■ Canada Packers class A
Class
B
'4-4—4—-4-...1—4*

260

50
•; 60,

•

Jan

2.40 Jan

1,385

,

2.95

142%, 142'%

Preferred---—--—100

Malting-^4441^4^.4.4^4,,4^—^

1,579

54%

—

Giant .Yellowknife Gold Mines-

Jan

19

Feb

•36c

35

17% 417%-: ' '

Canada

'

8%

30

Exploration

General Steel

Feb

.

Jan

2.15

480

106

78

——————44—50

8%

106

7

58%

Jan'

.

Jan

6.35 Feb

Jan

48%

A——

Gqiineau Power common
5% preferred
5.%% preferred

32% Feb 4

<

'Jan

17

100

8%

Canada

42

345

8

Golden Manitou Mines
'

235

90

Jan

13%

Jan

5.70

3.445

,

13

Jan

10

50

7%
31 %

Jan

1.45

/

Feb;'

11

458

18c 20%C

Jan

Jan

i

Jan

6.25

64c

class

45

1.38

Jan

1.00

Jan

15

Feb

13 Va

44% Feb
1.15

"

Jan

15

Jan

57

—,

Feb

Jan

Jan

4.40

49

6%

Canada

of

Co

Frobisher

Feb
Feb

Jan

4c

/ 13c

3.35

6.00

Mining...——

Fraser Cb.'s

Jan

12

22.865

2.87

2.87

Canada Cement common———?

50c

31

Jan

23% Jan

'

'

18

100

4.'-

—4

32%
2.70

*

'''4;\'40C''.:

—.——L

common—

.:

Ford

10% Feb
- Jan

28

18

Cnlmont Gils4-4.4—.i—-.44-—1

Canada Bread

-

2.44

X

Caigary & Edmonton 4^4—44i4.w——^;
Campbell Red Lake

32

.

1

•

13

Fleet Aircraft

45c

Jan

,

Feb

110 111%

General Steel Wares

•;

36c

—0

i..——444——4^

Preferred

■

13

Jan

Feb

Jan

100

—

Kirkland

Federal

:-:4

1.58 Feb

Jan

40c

"

30%

1

-

14.666"

44,200

43c
47c

30

•

11%

—-25

Preferred

Jan

4 6;10 Jan

35c

40c

44c

—

1.20

14,000

8.85

•

& Co class B——0
vi'.v"-VvJ
'T*
p.* y.

11

;

46c

62c

.

Jan

43.550

:

'

Jan

9 Vic

40.000

1.20

Francoeur Gold

1.48

Mines—

Jan

66c

1.21

1.05

Farmer Candy Shops
Federal Grain common————

Jan

72c

1.15

1

Faiiuy

Jan

55c

Jan

—1

——

Falconbridge Nickel,———
Famous Players

r

; v

Buildings Products————i—a——4—* k

,

69c

5

Jan 44

40c

42,000
13,400 r

9.50

•

Mines

67C

68c

"

4%

275

4%

40c

\v;;H

?

27%

44 J/2 c

-4—--4——.—:

Dominion

Broulan

271/4

—•

common—•

British Columbia Power class A

—

Gold Mines

Jan

3.50

25

Gold

Jan

Jan

,

1.59

2.70

'

3.818

45

25

1.85

-

Feb

38c

.

9,900

Feb

British

,

32c

27.800

2J90

Equitable Life

Jan

:

32.700

9%cil%C;

English Electric class B-—
:

Feb

26%

Distillers

&

Brewers

61c

X

3.80

Elder

•

Feb

26%

•

11,500
63,500

53c

Economic Investors
-*■';

Jan

15

30

43c

East: Sullivan Mines—
.1
Eastern Steel new common-—-———

18% Feb

27%

5

15%

Brantford Cordage ,pfd——.
-25
4 Bran tford ■; Roofing———---—* >

Jan

17%

3.049

18%

1.49

32c

East Malartio Mines——«i—l

Eldona
1

1.40

Jan

17%

Jan

1.35

East ■ Crest' Oil—•

"Jan

,

1.40

■

Feb

30c
'

44.150

East Amphi Gold Mines—

Jan

50c

Feb

32c

'

Feb

410.400

1.375

1.50

Mining Co———J
Duvay Gold ^ines^.
1"

Feb

26c

Brewing B com———;—*

5r

17

1.40

Duquesne

Feb
Jan

-

*
50

..

33c 36%c

33c

Biltmore Hats —i„—

.

16%

Feb

30%
111

109% Jan
13
Jan

.

Feb

24

21:

1,350

K;/95//

110% 110%

7

50

Dominion Woollens common———.—*

————1

Feb

Jan

45

5,955

Feb

Jan

4%

160 "
145

Jan

15

Jan

22%

175

",7

39

25%

Jan

7Vi Jan

1.825

24%

—100

Jan

Jan.

28%

Donalda Mines

Gold —8oc

Bevcourt

15%

13%

14%

common—•

Jan

-

50

*,'•
Chemical

&

Preferred

.

Feb ':

27

Jan

48

—25

i—

::

7

Jan

94c

32%

24%

2.100

25 %

Stores,"

Jan

Jan

50

14%

com———!

Jan

113

Feb

77c

28% Jan

190

36

*

class

Dominion

Jan

1.45

94

Jan

1.90

Jan

65

.*

'

Dominion

.

15%

;

Feb

fD%c Feb

Jan

1.55

305

''

.

53

53

50

Dominion Steel

14%

;

26

;4- Preferred

Jan

191"

Jan

181

25%

—w—-10 '-

Dominion Scottish Inv

Feb

60

3.05

6c

1,300

Dominion Malting common

Feb

43

.36

Feb
Feb

Jan

ZZ 9,500

32

Jan

31%
15%

"a.

2.097

90c

£ Dominion Magnesium

Jan

1.76

Jan

1.41

102

Dominion Foundries & Steel com—

-351/2 ;

42

94

20 %c

Jan
Jan

1.92

V 76,300
137,880

86c

Jan

'r'.i.vi'V'?:'{'*■ ■'.v'*0.?.'.' r?*'

-'i1

Bank

Dominion Fabrics

);p

.

•:

1.89

30%

* >'.■

4 4 1st preferred

Jan

>

• ••

1.62

1,

Feb

29 %

22,550

common—^

———

Dominion Dairies pfd

i

Jan

22

;
,

——

3

14

'V

•'1,700

3.05

Jan

Jan

15c

960

15 V2

1.02

1.65

2.000

%C

31%

15

1

Ltd

Dominion Coal

Jan

300

-—•.

4 V.

33

35

18.800

:

•

Cla8S B

Jan

Feb

21

1.65
■

•

25
35

34

34

1

Beattie Gold Mines Ltd

Jan
Jan

20c ;4 24C

22c

/v/; 21
1 p- 1.45

Jan v.y; /

24c

21%
34

19%

10

Beatty Bros 'class' 'A—*

-

"*<*:•

Mines

Mining

Mines

Dominion

Lake

High

Jan

86c

..

2,080

9%C 10J/2C

*^'..1''

Seagrams

Diversified

Feb

58c

r

Jan

17c

1.040

34'A

—,.*
*

Bathurst Power class A__.

10.450

2.85

■7
,

Red

Dome

Jan

2%C

1

Distillers

1.55
7.25

460

38.500 '4

471/2C 5IV2C

v

16c 17

——

Dickenson

1

18c

95o i
2%c

i

31

Denison Nickel Mines.

/

Jan

1.23

8,780

.

94c
2%c

—*

^

Delnite Mines

4.50 Jan

39,700

1.45
6.95

6O0

80,600

72c

1.32
.

4

^Petroleum1",—*

rV: 4 Class' B;

Feb

6.35

90c

c;>V ' Low V'/yi
::

'

Jan

72c

—

DaviS: Lfeather class

Jan

40c

25

'

Davles
-

815,000

1.40

1

Range Since January 1

High

Jan

44c

1,435

4

50c

20c

_—:

Base Metals

Lear

Jan

39C

6.80

.

10
10

—

Toronto...—

95c

41c

—1

Mines

Scotia

Nova

of

Jan

34c

47c

Montreal

of

78c

Cub Aircraft

26,400

-

74c

1

:

Consolidated

Bankfield

Crowshore Patricia Gold

i'tf'•>:(;■

"

Mines

Jan

66c

69c

Aumaque Gold Mines——1
Geld Mines
———Jl

Aunor

Bagaraac

55c

44c

1

—

Feb

37c

————,

Mines——.—1

Yellowknife

Atlas

39c

131/4

13%

.AshleyGold
-—I ;>;4::B.V
Astoria Quebec Mines——-——---..-.-1
68c

Shares

Low

58,700

.

for Week

of Prices

Sale Price

1

High

22,400.

55c

13

50c

■

Ashdown Hardware

91c

Range Since January

4:j-4;Xoto'/4

,

42c

85c

38c
f 85c

•

'■■Armistice Gold

Arntfield

39c

Range

Last

Shares

Hiah

Low

Bales

Week's

Friday

for Week

of Prices ;

Sal© Price

STOCKS—.

'

ENDING FEBRUARY 15

Sales

Range

Friday

,

;/:..':"i'BV'B-VVi-:-■;; y/;/':Last.

.7/;:B'-B;•
'

'V;

Week's

.

RANGE FOR WEEK

?•.

933

•;

'50c

Feb

19c

Jan

*

...

'''

THE COMMERCIAL

CANADIAN
%

:

East

■-

Joliet

Mines..!.

Gold

loto

1

7%C

8C

RANGE

LISTED MARKETS

FOR WEEK ENDING

15

;

Low

1.35

1.25

1.44

29%c

28c

31c
28
17%

East

181 Jan

9c

*Mt

Ja

Purity Flour Mills

1.44 F<

13%

Kelvinator

Co

of

—

Canada—

i

•

28

•

Kerr-Addison Gold Mines—.—..

.—if"

Kirklajid Hudson-^

.^.1'

1.85

2.00

*0

v.

—f

2.63

2.50

2.69

28.255

I

44c

34 %C

44c

38,600

25%

990

Lake

Kirkland

Townsite

Labatt

..

—

Labrador

Mining & Exploration.

Lake

Shore
of

La

i

21

10

Quemcnt

•

,0.75
1.15

Reeves-Macdonald

I

; i5c
25 %

-

25

25 % ;

;

*

-

7.00

'7.00

7.30

8.30

8.25

8.75

21%
15 %e

22
19c

210
25,200

55c

67c

33,300

21 Vss

22%

515

1

16c

Lapaska Mines

—1

59C

Laura secord Candy—

.^3

'21'/a

—1

6%c

6c

.—I

1.50

1.47

6%c
1.54-

29C

32c:

22

19c

Leitch

Mines

Gold

Lexinden

—

Mines. Ltd

Gold

.—I

Lingman Lake Gold Mines

—

Goldfields

Lundward

Gold

Rush

.

30c

1

—-ml

19,332

•"

1.40

62.400
23,925

Sannorm

31

790

—*

29%

29

30

535

1.50

—1

65c

42c

.

'

1.60

42C

65C

21.600

45c

44,550

Pherritt-Gordon

Sicks'

—

MacLeoo-Cocxsnutt Goia

Mines

Madsen

Mines,.,

Red

Lake

Gold

Magnet Consolidated Gold
Malartic

Gold

r.k

Brewery

Voting trust

common.;

Gold

Dairies

Jan
Jan

South

45c

Rouyn Gold——
Martin-McNeely Mines,
I
Massey-narris

common

Jan

19%

16%

10 %c

104 V2

0/4v:4'74;

73

Jan

74

Red

McWatters

Gold

Mercury Mills

Gold"""

Lake

Mines

—

7%c

46c
33c

19%

McLellan

McMarmac

1.56

74
1.68

29c

1

1.51
42c

Red Lake Mines

19%

6c

•

Mid-Continental Oil & Gas—

13%C

;

■

r,_

Standard

Monarch

Knitting

38

new

of

42

44

395

37% Jan

f

43

42

43

375

35%

'

17

17%

1,436

14

14

13

"

Montreal
Moora

Light Heat

Corp

Mosher

&

Sullivan
Surf

23%

25%

22%

Jan

75

76%

70

'

common—

Lpng Lac

—_

43c

31c

Jan

1

Cons

Inlet

.1

National Steel Car

IZI

Negus Mines

"

-4,

Nicholson

4

V

15%

3.670

.

22%

:

Noranda Mines

_

L

1.27

50

52

145

83

-82

146

e

14 %e Jan

30

30
29

24

4.35

32c

—1
l

Gold,,.

Normetal

Mining

,

Northland

-■ ■

■

(Oi

17c

18c

2.90

3.10

Northern

Northern

85c

90c

87.184

1.58

.

63

Ontario

Preferred

Car

22c

Jan

Jan

2.50

Union

Feb

52c

Feb

1.867
270

12%
30c

2,235
1,900

.

30
30

55

30

35c

8%

Jan

6%

Feb

Class

18

18

34

1.50

1.60

14.700

Page

Hersey

19

19

100

*
1.50

I

,

Steel

Vermilata

Vicour

;

Villbona

~

Pen-Ray
PeopJeS
Perron
v

}

Gold

14%
50c

Oils

'

a

64c

2.34

16c

West

.

37C

1
1

Picadilly

Porcupine

Gold

Jan

1.80 Jan 41
-

20,

Jan. ; ?

39c

33c

33c
5.00

22%

23

1.50

1.56

—1

com

—•
•
1

Worts

&

4.80

—*

Mines, Ltd

—

42C

44c

;

Malartic

108 118%

>.10

1.05

1.20

33

34

2.44

*

27

27

*

28%

29%

Ltd

common

40c

Jan

23c

28c

19c

9%c 11 %c

Winora

Jan
Feb
•

88c

Wood

Jan

Gold

Mines

(Alexander

32c

100

5

Combing
^
Wrlgbt B[argreaves Mines

76c
:

&

Jones) -pfd

Wool

6%c Jan

97c

—100
-1

Preferred

Jan

35c

28c

1
*

Wiltsey-Coghlan Mines ——
Winnipeg Electric common

Jan

29

2.17

Jan

Yellorex

29c

Feb
Jan

York

——••
—1

Ymir Yankee Girl

8

Mines—'—

———fr*

*

Knitting common

Jan

Mines.

Bonds—

Uchl

Mines

Pioneer Gold Mines ol B C
Porcupine Peninsular

16

7%c Jan

:V

Pickte-Crow Gold

i?
»-184v Feb J t

,

70C.

Wasa Lake Gold Mines

1.45

-v'.

*

13c

65c

—

—

Walker-Gooderham
Preferred

'10c

1

..

Ltd

Mines

Waite-Amulet

29c

Mines

Credit Securities
Gold Mines

.4

Feb
Feb
Feb

16

———1
—

Geld

Vulcan

15

15%

—

Oils

Mines

23

38c

Paymaster Cons Mines Ltd

33

.

Jan

1

Ventures, Ltd.

30.630

25 %c

,

Malartic Gold
Partanen Malartic —

r

?

>

•

25,100

2.35

Parbec

a

,

,

50

Upper Canada Mines Ltd

23c

Paramaque Mines

;

,

6%

—

:

Porcupine Reef Gold Mines
Powell

River

Co

Toronto Stock Exchango-Curb Section

——

Powell

Rouyn Gold
Voting trust certificates

Power

Corporation

'

Premier Gold Mining Co
Presmn

East

3.35

Metals

Dome

For

footnotes

-

Last :

-

1




937,

Jan

Andian

15%

page

Jan

3.45

Feb

22 %c

see

Sale Price

STOCKS—

Feb

22%
Mines

Proprietary Mines
Purdy Mica Mines

Canadlao

Fonda

Feb

Asbestos Corp
Atlas
Steel

•

National
—

*
*

,.

22%
32%

'♦ Sales

for We«li£ov
' Shares
Range Since January 1

Range

of Prices
Low

Par

,vvv:/^V

Week's

Friday
;

Pressed

■

.

—

22%
31%
60%

High

Low

-Iv"

22%

327/a
61

.

85

Jan
31% Jan

640
90

^

A'l -21
,•

58% Jan

^

Febq
Feb
Jan >

—*

109,200

14c

:

"

18

Westons

(new),—.

,

12y«
12%
.39c;
-30
30
103^
18

,25

42c

Porcupine Mines Ltd
Pandora Cadillac

63%-Fel»f
?

(

1.30 Jan

18

5.35 Feb
r
79c Jan
09c, Feb
22% Jan >5
2.40. Feb
j
" 46% Feb |

1

B

14%

Pamour

Feb

.

Jan

30 v

Feb "f

1.94 Feb
24
Jan

,

•

Oils

23

v.

Feb .? ;
>

*

United

36c

1.80

Petroleum

,

103 ^ Feb
18 4 Feb
18
Feb

Westeel Products

Pacific

90c

^4

•

i

Mining

29c

61c

Pacalta :Oils:-:4;-m; -

w

a

Jan

Jan
Feb
Feb
1.95 Feb
36 . Jan
52
Jan,
IJ.% Jan
11% Jan
27c Feb
26

50

103

.

5

30

i—'*

United Fuel class "A"

Jan

Jan
Jan

113% 113%

■'

..

52%
12%

'

103

103

—

—

——

28C

44^,-': 4-

Feb
Jan
Jan
Jan fr
Jan 'm

5,500

30c

■

2,080
590

*

~

City Rapid Transit common^,,.*

33c

""

46%

12
* 28c

39e

2.40

40%
52%
*12

.

i

United Corp class A—
Class B

1.40 Feb

Feb

40,887

66e

105

22

.2.05

rights

15

■..-:-)44^....

v

*

Union Gas Co

Jan

7%

3.25

^^21-

12'A

100

United

Gold Mines
Orlae Red Lake Mines
Osisko

Ottawa

33c

5%

•60©

17,900
109,910

_*

w-—-—-,

rights

Twin

common-

Orenada

...

Feb

45c

common—...IllII

Feb ;:fi
Feb
Feb

52
85
87
40c
4.45
45c
20c
3,25

2.08 Feb

1.13

2.85

99c

52%

-

Transcontinental Resources

Jan

15 %c Jan

~H

Crush

14 %c Feb

1.05 Jan

35c

1.75

Loan
Steel

Orange

Jan

24c

; *****
44-".4*

A

B

Jan

1.03 Jan

Exploration

Ontario

72%

Jan
Jan

lie

;-:' a'444\:. ':-4-A.;/'.; ■4C;':44- 4«

Omnitrans

Jan

27c

II
II

83c

4.90
53c
83c
21

6.335

73c

45

—

B

24

5.30

66c

common—

Finance class A

Class

1.40.Jan
21% Jan

5.15

2.05

85c

-44; -v;- 4
O'Leary Malartic Mines—HH"
Omega Gold Mines,,,

..

Jan
Jan

10,200
750

23%

21%

Traders

O'Brien Gold Mines
Okalta Oils,,.

24 - Jan
8% Jan
f
"1.29 Feb '• I

^

=

3.40 Jan

®3c

Class A

48c

16,625

70c

.

Gold;;^—r^^-.,Tr..rt. ...f-T|^,s•
Iron

4.000

5,25

*

Tip Top Tailors

«

;;

North Inca Gold—.
North Star Oil
41 Preferred : —^.4 4

,

,

Feb
Jan
Jan
Jan

1.55

1.46

*

enmmnti

Towagmac Exploration

I

Mines
Empire.,

f

1.60 Feb V?
101% .Feb 3$
9% Jan
tf

JftB,,

-3108-

'7 75

^|Mi--

Preferred

Canada

Feb

*16% Feb

.

6,770

90c

Toburn

•.

Mines

8,600

.

Ji
'

Jan

Toronto

Corj' Ltd

Minea__

20

Jan

'

*

1.50 Feb
1.48
Jan

30c
3.00
36c
10c
2.85

77,760

40C

3.60

-

50c

Toronto^ Elevators—4.,——.—c
Preferred
50

L

Norseman

10c

48% Jan
78'A Jan
80
Jan

•

4,30
4.10
f 3"40c

86

.

Feb

29

27%

4 -4..
Mines>■

Norgold

Feb
Feb J.

Jan
Jan
Jan

Jan
Jan

85C

' 31.350

52

443

Feb&•?'

29
106%
1-40
1.12

Jan

Jan ?
18% Jan W,
6% Jan

530

f

12% Feb

7

1.250

8

•

-

Thompson-Lund Mark Gold Mlaea
TThwrbois Mines

•

':':7
Mines,,!

23
8%

1

Jan fit
Jan

30

1.50 Feb

1,955

22%

:

g

.

Feb'b
■

* 14

100 > Jan

9

^Feb 35

17%

Jan
Jan
Jan

65

8

45

I7r

Feb
Jan
Jan

1.225

1.60

101% 101%

__

50
16,100

Mines

Consol

tV;

Norbenite Malartic
Nordon Oil

,

13%

' '

.

v.

12% Jan

26,451

8%

Teck-Hughes.Gold Minesil

I
I
■

455

8,500

1.43

363

28% Feb

:

r,,..

20

t 43

1.30

67
33c

16% Jan

-

Mines

Nipissing Mines
'•

5,500

13%

Taktt River Gold Mines—.———

,4.;;J

Bidlamaaue

New Calumet Mines._±
Nib Yellowknife

'•

7%c

84%

17%

17

National .Petroleum
National Sewer class A

'

7%c

,

86
30c

29%
29%
16 %c 16 %c

—

New

95C

22.220
242,800

1.35

-

-

,

645

215

145
1.12

„

Grocers common—
Preferred
——
■

28%

1,05

1.00

Corp

Byi'vo-wite finid

.

Tamhlvn

National

.

27%

10*'
27%
24
I101%
1.02
45C
' 7c
18%
1.25
1.00

506

Jan

.Feb$t

45

131: Jan

70

30

3.65

Jan
Feb

Jan

2.08 Jan Xi

■yJi.

;i

Jan

116
14

U

Jan

35c

Power.

12%

106% 106%

106%

:on

Jan

70c

12%

Jan

1.66 Jan

3. 110

29%

__

—•

,

Mining

'

13%

1.73

Feb

•.

common

Jan

U
95

13

II

•

Feb

12

IOO
82c

l_

f

fltMrgcnn River f?nld^
Sudbury Contact,,
;

75c

17%

„„|

Steelog

Jan

42

"

i,

vi

23%

;;

Jan

70c

Jan

47c

19.900

.«
:

1.63

•

■-

Steep Sock. Iron

21%

335

Feb

16% Feb

700

»

Jan

51,675

_

«

?-

14c ~ Jan
50c

139,768

1.50

Jan

?

62c

«.*

Feb

? »

Feb

2.10

E

Canada

Jan

6

9% Feb

2.05

Brothers,

Co

37

52c

—•

Steel

Feb

1.80

100 3

f..-

Jan

' 2.00

*

Radio

8

70

54c

——

9c

99%

11%

New preferred
Porcunma

Moneta

1.40

;n.;;;f:iV1

-i'3r-v

Jan

38

38

11c

"

—19%

Stedman

»

5,50 Jan
10c
Jan
42c
Feb
15
Jan
1.30 Feb

6,278

1.99

.

——

Starrfttfc Dlsnn ^!n

Jan

Jan

■: 32%

102

C":

5.90

Fetroleum—7%c

Jan

25c

2.00

♦

13c

16c

11c 11 %c

Modern Container common^

-9"
33%

5.70

—27%

...

.

h

52% Feb

1

——•

Rhirfifinn

•

——1

100

Preferred

.Mining Corp

Jan"
Jan

23%

Paving common,
Preferred ——^

26 %c Jan

17%

44
20c

23

Standard

1.51 Feb
37c

Feb

11,600

*._

Rights ——;
5% preferred
-j——

Jan

7%C

McKenzie

53c

1,560

24c

1.35

common——*

Mln»«

20,200

52%

8%.

,

__

new

58c

51

.

Jan

10c

Jan

1.07

53c

—

;

Stadaeona Mines

Jan

4105 105%
10c 10 %C

18%
.*

62c

,

20c

100

Standard Chemical common

McColl Frontenac Oil———,
44; Preferred
McDougall Segur
Mclntyre Porcupine Mines

Jan

Feb

—50c

Co

Jtprlrifrfir

25

Mines——i.io

End

Southam
t

35% Jan

Feb

250

21.600

„

19% Feb

Preferred

22% "

15,100

•

new

Mftlartlft

Bladen

44c

2.20

Marlon

22

46c

new

Biscoe Gold

Feb H

13c

_

Simpsons Ltd A
<
B new

,

15%c Jan

lir;

L

Marcus Gold

25

16%

1

Preferred

Maraleo

Jan

910

.

16
1.30

——;

■;'£ Preferred new

Maple Leaf Gardens pfd,

Maple: Leaf Milling Co

Jan

20
22

13c

1

common.

Silverwoods

Manitoba & Eastern

80c

'

40c

Sigma

Fields

»

25,650

25 "

45c

**

i

>•

Feb

1.07

24

"32%

TV-'

Mines—

common

Silknit Ltd

;

*f

Jan

99c

5.75

Macassa

Li—ii.——
Macponald Mines i

Jan

64c

Jan

—16%

;

i,

Gold

>

38c

* 26c
51c

?

1

-_I.

Jan

12,500

' 8%

—*

Scythes Ltd new common,—
Senator Rouyn, Ltd
Shawinigan —————,
Bhawkey—u.——
Sheep Creek—

10,800

42c

Mihes

Feb.M

22c

■:/?-'

'

V*

Gold—

Sand River

3:30

30

Feb* il

76c
37%

.

32,600

21c

50

1.26

r

30c'

51%

—Ji

2.90

Feb,
Jan

-

14%c Feb

•;

Feb

60c

53c

—10

Ban Antonio Gold Mines Ltd...

31

220
10,300

•

Jan

18c

24

.——1

.

.64c
34

46,850
,

:

40c
,

55c

—

preferred-——i—.

1.32

t

1.70 Feb

..26c

——

Lawrence Corp common—-

Class A

71C

Jan

56c

—.10

?1' 1

Gold Mine

3.10

1.60

.

1.06

"

*

Co

c

8t

Feb

7

26C

.—1

:

13c

.

.._^.*

Russell Industries common

—*

—•

^

"

.

Lake

:

RyanorMinlng——

—•

—1

Mines

Lynx Yellowknife Gold

\

1,

Little Long Lac Gold Mines Ltd,
Groceterias class A
Class "B"

Loblaw

Lou vicour t

!_

Mines

—

;^>

Lebel Oro

..

35%

Oils

*
<<

Jan l i

23%

Jan

64C

Royal Tinwir;
Royalite Oil

'

■'

;•

Jan
Jail

1.25

Jan

7 %c

35%

Roxana

.9.000

—*

32c

8,303

17%c

12,660

—

5,800

16c

i8c

Mines

Gold

1.00

;

2

Jan

1.85 Jan

■

'

35c 37%c

65C

*

Silk class A

Rochette

52V*

17% Jan
5% Jan

300

60o

1.60

—-1

Gold

1.

25.515

...

3.800

.1.50

Richmac

1,700
2,028

-

—•

1.60

-

L_

Riverside

1,363

17.707

7#

——1

Rouyn Merger Gold Mines.

Mines,,

.—I

——,

Roche Long Lac___—

common

Lamaque Gold Mines.,—iu*—
Lang & Sons
Lapa Cadillac

21%

7

—

.'14% Feb'

-

■

,

15c -fri 10,100

;

18 %

—

Jan

1.40 •: Jan
77c
Jail
1.03
Jan

9,500

.

Jan

.

105

90c

High

11
51

1.150

,

1.25

Regcourt Gold Mines———
Reno. Gold

1.27 --<? 20,800

14c

v

82c

1.15

20%

—

n*-

Range Since January 1
Low

■

1.70 $; :'■> 3,700

82c

*

—

'v

.

i:

1.22

Mining
Quinte Milk Products

:

9,215

3J85

$1.25

—*

Mines, Ltd

Woods

Luz

I
—1

>

25%

.

Lake Dufault Mines Ltd..,.
Lake Fortune Gold Mines

Lake

'

*■

(John)

16%

17

Sales

High

1.50
*

Manitou,

Queenston Gold Mines

1.400

Kirkland

Quebec

Shares

13% ::
14
52% 52%

Quebec Gol(L.—^

Kayrand Mlntajg

(or Weak

Low

common—

.Prelerred -i————^—4,

-

"7,400
5
8.795

-

Week's
Range
of Prices

•

Sale Price

High

Jan

6c

312.920

1

Friday
/

3,242

1

Quebec

FEBRUARY

"

High
8c

Monday, February 18, 1946

Range Since January 1

Shares

Prices

For

J M Consolidated

Range

■?

Sale Price

STOCKS-

•

Sales
f«r Week

Wwk'i

Friday

►.

&
FINANCIAL CHRONICLE

y
;x

.High
23 A Jan
35
Jan
62
Feb

933

THE COMMERCIAL & FINANCE uxTRONICLE

Number 4465

Volqme 163

CANADIAN LISTED MARKETS
••

Range

East

Sale Price"*

STOCKS—

Beath

Pulp: &- Paper "bom-,*

British Columbia
Co

common-

.'•<4 Preferred;

.95

93 %

96

21%

W-" A// A /. ■/' J-v

Canada. &" Domihlon

Canada^inegars

157/g

16

4%
3.55

905

'

Dalhoirsie

.

vl6

-

-

55c

7,800
--5

50c

-

Bridge

Dominion

Textiles

Donnaconna

•

94

80

1.91

-

:

85c

Jan

International Power

20

Jan r

.17%

05

i—.»•
.1

;

Osisko

48

> >

2*15

Reliance
■

/

128

20%. 22%

Grain

5%c

1,500

5%c

1.85.
4.25

4.45

4.45

Jan

1.27

23

*

26

*

27c

'•'.Mf <>

t:

a——.

.35%
49%/

1,258

45 '

f 23 %

46%

8TOCK6-

Jan

8%

Feb

Jan

38%

Feb

Jan

96

Feb

49%

Feb

125

.

..

53 y2. Jan

Feb

133%

Feb

•

Jan

26

Feb

v

Jan

27%' Jan

49

Feb

55 Va

53

104

Jan

3,575

50

15 :•

25

25%

30%

31 %

22

22

..——.3

23

23

100

Ltd pfd—.——25

25

25

79

Ltd

Serv

*'

com—

*

25%
22

-•

—

coni——.*

82

42%
12%

Mitchell

L

.....

Jan

80

10,700

20c

Jan

27%

Jan

29

Jan

31 %

910

18%

Jan

22

Jan
Feb

i9%

Jan

23%

Feb

23%

Jan

26

Jan

:

19

19

30

30

30:

29%

30%

82

81

82

—100

143

33c

Jan

46

46

------

——

30

•"

Acme JJlove Works

(Hah

class Ai_i-w*—"

<

24

85

16%'

225

*••14% Jan

17

Feb

5

29

Jan

31

Jan

23%'

565

22%

Jan

26

Feb

Jan

103

Jan

106%

23

-

103

•

103

5

107% 108
20

'
10%*,

100 %

100

2%
31

a

10%

A

64

64

Feb

56

Feb

Jan

12

Feb•

^

60

60

Jan

1,693

20

A

Jan-

A-

64

Mines

Eiuck Silk Mills

common

22

Jan

1,715

27

Jan

21%

22

30

30%

J

24

24

17-

17%

17%

143

•

common—

Canadian Car & Foundry common
—

common

—

A

516

14 y4

Feb

18 Va

Jan

22%

Jan

,293

52

29% Feb

Jan

3,567

22%

Y»

22%

23%

75c

60c.

47%

Jan

52-,,m Feb

19,254
16,636

50% 51%
:18%?19%

635

Jan

35c

Feb

60c

Feb

47

Jan

51%

Feb

■

H.A,

20 y4

Jan

35%

Feb

t

66

67%

42%

42%

Jan

Jan

692

67

18

42%

59]/2

Jan

67>/4

Feb

40 V2

Jan

42%

Feb

Feb

18

10,853

200

17

16%

,.

.

Canadian Locomotive

"

52

53

242

47

-Jan

17

18

4,700

17

Feb

14

?

15

450

14

39

3,213

35

24%

6,510

21%

Jan

Canadian Pacific Railway

—;

24 Ve

v

750

17%

Jan

78

Jan

:/

Jan

-

Jan

Twin

89

90

1,071

f

41 y2

Viau

80%

190

48

1,705

49%

30%

-.15%/./is/:

^-Class^&^--v-i--J--ii—

49%

31

15%

1,245

,,;93% 100
43%
41%

1,640

42

Bridge

Coal preferred
Domin-ion.,Dairies common—

Dominion

—

1—25

Weston

-35

906

14%

33

•

15

Feb

43%

5

33%
17 V2

Jan

61

Jan

Jan

102

A//15% Jan

18

17%

21

86
23

87%
23%

32

50

;

:/

Jan /

86

Feb

94

21%

Jan

29

Jan

23% Feb
32
Feb

35

'

425
V

14% Jan
13

25

16%

18%
12%
16%

'

-79

213

87

Feb

/

Jari

:

16

Jan
Jan
Febjr ,; 1.75 Feb

"

85

87

/

_

Jan,->0j'nr 15

,

1.30

5,375

1.30
82

Feb
Feb'

45

/.

Jan

18%

546

Jan

•

Jan: v*:. 106
.
" 20

102%

15
*

5,718

15

Jan

37%

510

43

v /

,

86

•

Feb

/

87,

v

*

18%

12%
16%

10%

109

118

Jan

,

12%

Jan;

74'A

Jan

77

1,266

109

Feb

16%

76 V

29%

105
25

155

:

25

;

150

.15%

99

99

38

36%

Jan

Jan

.23.

Feb
Feb

27

Jan

30

Feb

105

;

196

127%

105

"

25%

105

Feb
Jan

Feb

22 Va

455

23

15%

Feb:

19% Jan

16

29

15%

Jan

8%,

"

37
251

22%

23

17%

4,405
27,151

Jan

118/

76

;

84

24

; Jan

"15%

Jan

Feb

25% Feb
17%

Jan

65

95

Jan

100

Feb

1,065

34

Jan

38

Feb

28%' Feb

30

Jan

i

*

preferred/./—

25

28%

28%

38
28%

.10

21%

21

22%

1,450

16%

Jan

22

22

22 y4

2,460

19%

Jan

Ltd

Jan

39

1,786

common.

Zellers

Jan

36%

Jan

3,090

105% 106
;• 19':/ 20 <
15% 15% f;

83%

J^n

9V2

"

Feb

36%

Jan

105% Feb

:•

Jan

8

32%
/

Feb
Jan

18V2

103% Jan

250

/

Feb
;

20 V2

Jan

•/ 19% Jan
17% Feb

80

32

1.40

100%

.575

87%

13

-

1,025

?

23%

-/ AO

Jan

Jan

■-

••

34
39

•

;

124

Banks
—10

Feb

Nova

10

25

Feb
Feb
Jan

Jan

764

21% jan;

415

33%

Jan

35

20

Jan

24%

Feb

49%

Feb

493A

Feb.

25

24%

35

24%

34%- 35
24»/4
24%

1,790

49%

.1010

————

Scotia

Royal

22%
22»/2
25

...

....—

49%

49%

$26,000

-

BondsPower

notes—

31% Feb
15%
;-

,114
45

Feb
13% Jan
10% Jan

188

Jan

/f30

Jan

,

Feb

.50%

-

9

32%

18%

Winnipeg Electric common
—•
Preferred,
,—***-.,,..100

6%

105%

/——•

■

VV Feb

560

.—...100

Ltd

23

Feb

/ /

.

—f

common—,

Preferred

Wilsils

Montreal

iv,

41%

1,225

33

29% Jan
■->.J3%- Jan
93% Feb

:

common

(Geo)

Montreal

11

14%

—

11

i--*--*-.

*;

Biscuit

Feb

Jan

21%

/

15 V*

18

*
*

Wabasso Cotton;.:/—1
Walker Gooderbam & Wprts com....r*
Preferred

.72

150

733

v

20

——*

Corp

Canadienne

91%

Jan

31%

43%

Steel

Commerce

-V-18%: jan;
:4

Jan

43%

Distillers Seagrams common.

-

840

43%

Davis Leatlier Co Btd class A—-,

Preferred,

88%

>

18;

109

Jan

•550

18

8%

34% Feb

Jan '

70/

46

,

38%

34

13%

City Rapid Transit.

United

24% Jan

..

/ 17%

18

Cockshutt Plow
Consolidated Mining & Smelting..
Consumers Glass —
Crown Cork & Seal Co——,

;-9./ ■

Feb

30

*'•!

2,615

21

105

Jan

S150 : Feb

1,107

58%

;

Feb

18% Jan
103Jan

Jan

■

Feb

,

56

Jan

50
"17

.

8%

55

16

18

15%

26

102%

1,770

102

20

Feb

177

Jan

;•

31%

18

—• ■'

Power.*/—./——*

Jan
Jan

7j/4

r

195

20

_•

common

Steel Co of Canada common—./*.***
*, PreferredI......—... 25.

39% Feb
•

25

Breweries

525

180

<

*

Jan

21 Va

447

:

17

20%

Jan

32%

175

24
/,

22

55

Feb

29

72

,

Jan

18%

•

Jan

23

-

Feb

37-/

—

37

——.

53
22

Jan

'

com

Standard Chemicals common—
'.Rights

•

my>

m—

Investment

Foreian

Canadian Ind Alcohol common—
'. Class *B ————-——

Canada

905

/

Feb /

,29%

63% Jan

;

12

|

Jan

:

30 Va Jan

861

8

,1

.

.

Jan

115

*

-■

946

35.25

16%

27% Feb

22%

33%

2,745

,

35.10

——

Feb

Jan

12

common

Southam Press Co.———

Feb

144

Jan

131

Williams of

Southern Canada

Feb f"

19

Mills

Jan

26

56

15%

-

Sicks'

Febf

A-' 24

•

Flour

24

90

:

24%

102

•;

— —

Simpsons Ltd preferred..*..———.100

Jan

31

26%

35
210

60c

51%

*
•
25
*
—100

Jan

f

23%

•

23%

t

Jan

14%

14

50

;—*

Rights

20%

27 :

21%

::§o

Canadian Breweries common

Jan

23% Jan

-1,069

144

14-

common

"

20

'

31% Feb
MA5:'
Jan *

Feb

198

27

22

class

285

1,245

4%

Sherwin

.

-■

'5%"vprefe|rred

•

410

4%,

vn

loo

———

Preferred
Canadian Converters

Feb

1,530

31%

24

—.

Canada Forgings class A
Canada Northern Power Corp

Canadian Celanese

23

23

4%

30

Building Products class A_
Bulolo- GQld Dredging——.*4-.-.

Bronze

Jan"

30

--,4,016

Lawrence

3,251

'•

Jan

46

2,165

58% '

St Lawrence Paper preferred
100
Shawinigan Water & Power—.*—
•

Feb

30%

22

21'A

—.

Canada Steamship

18%

Jan

28%

4%

Preferred

Feb

26%

19

.

Jan/

192

Jan

18

850

18%
27%

23

Class B

Cement

181%

,2,020

18%

28%

—-

Pr Corp A

Columbia

*
*

188% 190

189

30%

Ltd—

Light & Power—British Amer Bank Note Co
Trac

St

Jan

34

16

..——100
St Lawrence Corporation common....*
: A preferred' .50 -

Feb

•A44%

31

Sagu'enay-Power preferred

Jan

Jan

51

22

1

.

20%

Biathurst Power 45 Paper class. A—
.100
Bell Telephone

Jan

70

31%

Rollgnd Paper common———..1..—*

10% Feb :

44 V*

150

'

...

Jan/;

105%

1,208
::
so;

32%

33

•/liif'v.""v''

«

■

Feb

•?

32

30% Feb

IOS'/b Jan"

70

18
>«*»

> Feb

150

'<:fM i;/ •'

1
*

Regent Knitting common

v

:M-/

•

loo

preferred

Provincial Transport
Quebec' Power

Feb

22%

,

-,-

Feb

56

177V/.:

55

"/

Cq_...u../—w-*.—--

50

Jan

,590
17/17%:
;/i./15
,102% 102%

34

Corp of Canada—

5%

3% Feb
35 y*- Jan

31% Jan.10 y* Feb

Power

-

Jan

;69%^.

7%.

.100

Development

47

,30

15

29% >
28»%-

24

;—

...

: 30

60-

46

177

>;

—

common

Jan

820

A

46%

68%

.

Price Bros & Co Ltd common^..*.

FebA

100%

Jan
Jan

2
;

6i

20%

Feb

20

98%

1,852

Tubes.

Powell River

108?

9V8

180

.

Feb I

152%

Jan

1,550

10%

20%

i—0 ^

i

Placer

56

10

69

*
100

Preferred

Jan

6,045

3
n
32% I:

Page-Hersey

Feb

25%

Jan

28

'

27%
28%

28

100

Penmans Ltd

:

Feb

143

Jan

22%

30%

•

Preferred

141

53

47

45%

;

Feb

17%

106

40

■: 56

10%

106%

Jan

130

290

*

20

-

56

^

395

152%

151

^

103

*

:

Feb

■'

•

Ottawa Light, Heat:& Power..—

Jan

■

Feb

82

3

46

• ■

Ottawa Electric Rwys

High

Low

20% Jan
,103
Jan

30 *30.;

3€'

&ki

Asbestos.Cor

^

301

Feb

32%

Jan

88

50

32

Aircraft..

Car

30%

Jan

'

'.25

common

Jan

V 81

5.116

30%

common

Products

Feb

27%

30

45.

100

Steel

Ottawa

Range Since January 1

:

J

,23

16%

'■

Ontario

Jan

20

30

105'/b 105 y8

!♦

Preferred

,

.

Prices,.:Scares

106

Amalgamated Electric Corp—f ;'
•>
Anglo-Can. Tel. Co. preferred——.—50
Argus. Cofp common^——
—* 10%
4%% convertible preferred-——100
100%

preferred

of

22-%

-

Tel & Tel

..for Week

Low

22%

—2*

Ltd com

Sales

Bange

Feb;

15,743

-

50

:i

Noranda Mines Ltd

Jan

19%

970

25%
■

80

16%

1,160

143

23%

25%

Light Heat & Power Cons—_•
& Mortgage.
.25
Montreal Telegraph
40
Montreal Tramways
100
Murphy Paint Co common
*
Preferred
v
1
100

Jan

,14%

1,416

30

_

Jan

12

Jan

80

351

6,486

19%

.

Jan

5

SO

18%

•
*

Preferred

Ogilvie Flour Mills

Week'a

Feb

25

s§

18;

Montreal Loan

3

•

2% Feb

Jan

15

;'

255

:

/

*

-

(Robert)

Montreal

Jan

28c

ms'ft

MontrealCottonscommon—(.j,.—..100

?;£' Feb P

46% Feb

.

Jan

43%

1.115
;

80

*

*

Molson's: Breweries.—

Feb:

15c -Feb

10

Jan

105

Feb

900

•

18%

100

•

....

Massey-Harris

% Jan
46% Fel?

20

Jan

23%

316

23%

104 y8 104%
42

Feb

35%

Jan

46%

2,645

•

V

22 V2

Jan

,33
40%

14%

Public

Preferred

Feb

Fundi

•Agnew-Surpass Srioc eommdni^2^,-i* r?
23
Algoma Steel comraen__
—.a—*
Preferred
—---^-—^100
Aluminlura Ltd
i! 152%
103
Aluminum'Co. of Canada pfd—^^_100

•

210

42

MacKinnon Structural Steel

Feb i

58

25c

565

46%

I

Sale Price

arid Atlantic Sugar common-***
preferred
100

Dominion

r

:>

5.00 Feb

Feb

58

—

2,770

'%%

15c

Par

■

130

49

50

15

Corp.—

Secord

Legare

'
27c

2%

16c

fad

Canadian

497/s

-

125

100

...

"7%
17%

360

/

Jan

7c

19

10.,

..

46%

r-

Friday

Preferred

Feb

Jan

32%

".470

23%

—•

(John)

Laura

2.56 Feb

Jan

2.70 Jan

6,210

58

20

Canadian

Canadian

15%

22%

35

*

Lang & Sons Ltd John A

Montreal Stock Exchange

Canada

Jan

21%

49%

National Steel Car CorpNiagara Wire Weaving

British

13%
-

2,468

15

common

Utilities

Preferred

Brazilian

Jan

8%

National Breweries common..^—.—

Bralorne

17%

38%

100

Ltd

McColl-Frontenac Oil

58 /

58,

Stop & Shop,.—*—;
*
Supertest Petroleum ordinary.;:—a_>«*
Temiskaming Mining——Li—*j£.l
->• -i -v-"///'
W -"

$6

Feb

Jan

8-

*

*

com

Labatt

Jan

135

4%c Jan

.

112,240

2.34

*

common—

:

Associated

45%

15%

•; 3,037

15%

15%

Lake of the Woods Milling common—•

j

53% Jan

Jan

18%

8.680

5 V2C

——•

Miff-

'5%

37% Jan

6,898

35%

Jan

*

39

Jan

127%

70

21%

/

—zl

*

common,.—

Southmount Investors

Acadia

3,790

,16%

40

Jamaica

Mf: ffJ-

*

Oreille
Bros

112%

,35%

,

Jan.:

18

*

•

48

2.665-

49 %

125

49%

Minnesota As Ontario ,,paper^*^«**..:5 ■/
Oil-'Selections..

Price

■Preferred

Feb;

Jan

23%

44%.

Feb

110

Jan

1.V5 Jan

1.171

Jan

242

.

International Paper common———15
Preferred —J----.
—100

Pend

.

.

45

Jan
Feb

; 92

,:

*»- •

International Petroleum Co

L

Jan

Feb

33

16

1—25

—

International Nickel of Canada

International Paper common..
Preferred

i

/

530

,

35

30

34

•

„

'Preferred

/

1

Feb

Jan.

/,

12%

Jan

.8%

•
•

common

Feb :

Feb

Jan

30%

42%

A ' 15 V2

International Bronze

Jan',

Jan

41%

■,/

43

—_£1 f'

—

18%

40c

17%

1.80

1.90

—• '/

...

255

95

17%

common——

/—1-

Hayes Steel
-

'. 42%

Paper'———

Foothills Oil & Gas

^Preferred

Industrial Acceptance Corp com..—

International

41%

/

Imperial Tobacco of Canada common_5

25

a

High

■

9%

1,125

110%;:

110

;

Low

3,550

v

32

31

16%'-

fii 4.00

Jari

17%

w;

Jan/

61%

•

v'^Jan;;-■

21., ;

---

Feb

€3.80 Feb

Jan

i: ■//<•.■,'///;' ;V/"?,.

1 '■

Dominion

■;

-

'•

Mining—

.imperial:Oil

16% Jan
// 5 P. Jan

2.10 Jan

—

.

.17%.. 17%

50c

•;

■

550

.

-8,366

23%" 23%

——4* /

i

_

:

16%

.a.——

Range Since January 1

High

10%:;, 1-1%;

:

.

57

3o•//

2.6.0-2.75
17%

2.60

—

15.210

60. 61%

61 %.

Coast rCoppef—_
5 /
Consolidated Paper
/
Consolidated-JPrtess At—--A

Disher' Steel common.,.-—.—."

3.35.

3.50 '

.

§

Shares

-

24,

4 % Feb
'"2.95; Jan ;/

v-.-i

Low

* A-'i 11%
32•
100
110%

%

—

:

Hudson Bay

Feb ;

Jan'!

29

14% Jan

70

4%

_-^l

;

Jan-;'

2'6'%^jdn!*:'

.4%

Canadian"Western'.? Lumber-i»-^J^-2^€
Canadian Westingho use, -——I.—.4—*'

-

300

96

:/ Jan

20%

•Preferred

,.

23%

Jan

20

27%- 28%

157/b

•

__si

Marconi

84

Jan

Bridge

Howard Smith Paper common

Jan

7%

6% Jan ;

60■:

Jan

58

65

Hamilton

32% Feb-'.

Sale*
for Week

of Prices

pat

High

.

Jan

17%

296

;

24

24-

' -v'. ;/=•- .'/ 27% ';

Sugak^/i.;.

Low

145

22

;Bulolq^OQiid-^^i^-wi^---^I^-^5.'
.;//*/:/-/«/■

:M

4,906

7

,21%

B'iruckj Silk

Canadian

.63" : r*

62

6%-

Week's

Range

Las*

Sale Price

STOCKS—

Range Since January 1

115

32 %

>

''

67/a'

■

■//•/■://

-.-

Shares

High V:*///■

32 Vz

62

i—1
/—-100

—

1.5

for Week

of -Prices

Low

•

•■

'J

A—...L——I——:

class

Brown

'

Par

'

WEEK ENDING FEBRUARY

FOR

RANGE

Friday

Week's

Friday

V.v«-

Sales

Feb

Jan
Va -Jan

15 Va

Jan

Montreal Curb Market

liy2 Jan

•

31% -Jari:-;;'""

Jan;

33%

Canadian Funds
37

Dominion Foundries & Steel.————»
179

Dominion Glass common——100
Dominion

Steel & Coal class B

16

25

Ltd.
—.—•
Dominion Tar & Chemical common.—•
Dominion

23%.
-25, .-/

Stores

A: :i: Preferred,:

;

♦
—100

Dominion Textile vonwnon—
Preferred

—

-;Dryden Papef-

110%;
95%

179

15

24

25

15

/

860

14%

31%
175

520

1,406

95%

13%

109%
90

32%

Feb

Jan

112%

Jan

Jan

95%

Feb

15

15%

Feb

24 V Feb

.

165

Feb

170

Jan

.14

;

Jan

Feb

16%

Week's

Friday
/Last //

Jan

16%

Jan
Jan

Feb

180

Jan

25

870

170

37%

Jan
Jan

21%

1,723

25

110% 110.40
94

5

1,338
5,605

16

23%

170
-

s&j

37

179%

Sale Price

STOCKS—
.....•:///;;
Abitibi

6%

7%

Low

Power & P&per

common..——*
cumulative preferred
100
preferred*100

8%

Salts
for Week

Range Since January 1

Shares

Low

Canadian Corp..——•
Foundation Co of Canada^—.r*
Gatlneau Tower common————*

18%

19

Jaft

20%

Feb

Bathurst Pow & Pap Co

29%

30

525

29%

Feb

35

Jan

Belding-Corticelli 7%

12
Famous Players

18%

30

12

12

162

10'A

Jan

./-;13%-

Jan

Belgium Glove & Hosiery

49%

49

60

338

39%

Jan

18%

80

'<

.

5%

preferred
preferred

5% %■

1-—

Preferred

(Charles)

Gypsum, Lime &

For

—;

f

Alabastine

footnotes see

page

•:

937.




Feb

111

Feb

Brown

227

28%

Jan

34

'16%

253

14%

Jan

16%

72

105%

Jan

20

110

Jan

19%
9

9

16

9

--

16%

15
35

2,340

v

19 %

Jan

/

106 /

Jan

<

9 /

Feb

930

20

107% 107%

—————100
common.—

/

14%

Jan

————

110

32%

16

109% 110

*

General Steel Wares common
Gurd

preferred—.

;

Feb

Brandram

Jan

British American Oil Co

Brewers

16

100
100

—
—

5%

20%
/

177

Feb

Company

61%

9% Jan
/: 17'A Feb
/-

Calgary Power Co Ltd

6%

pfd

Canada & Dominion Sugar
Canada North P Corp Ltd 7%

62

6%

Jan

7
158

6%
158

532

■/'' 2

156

Jan

14

15%

2.810

14

Feb

15% Feb

436

18%

Feb

19

•' 45

10

Jan

.15

18%

'

19

15

18%

65

15

/

13%

14

27%

46

47

95

95

;

22

2? a

v

110

111

765

28
/

54

Feb V/

Jan

14%

Feb

Jan

28%

Jan

47

Feb

Jan

95

Feb

Feb

~"22

22
:

/

Feb/
Jan

86

/

5

22

28%
.

380

.

Jan

13

110

95

Feb

jai
an^

26%

1,601

47

Feb.,

38

/: 344

26%

27%

100

-•
pfd—100
:

Feb

150

158

of

preferred——...—100

182

62

6%

6%

Henderson

Distillers

Jan

1,075

Feb

107%

&

100% Jan/

61%

15%

com

*—
*
Van Ltd
5
Ltd————*
British Columbia Packers Ltd—
*

32

110% 111

32%

'

A

Jan

50

Ltd cl B
*
pfd—.——100

Jan

Jan
Jan

99%
182

98

*

'

Electrolux .Corporation
„rl..
English. Electric cfass A-—.——.—

High
9

7

93

4,953

180

99%

.*

....

8%,

•

Hiah

V/o

///:// >/Par

.;//////.

Atlas Steel Ltd

Range ;
of Prices

25%

109

Jan

Jan

Feb

29% Feb
111

Feb

?

THE COMMERCIAL & FINANCIAL CHRONICLE

CANADIAN

Monday,18; 1946

LISTED I MARKETS
ETS

RANGE FOR WEEK ENDING FEBRUARY 15

Friday: / Week'*-A- Sale* •
Last//*1;
Range ■$ for Week
■

*

8TOCKS-

Sale Price

•f of Prices
Low

Canadian Dredge &
Canadian Food

Dock Co Ltd

High

Products*——7—7—J£>.

General

General Investments Ltd.—•*

21

Eltectric——-77_7_*

Canadian

Industries Ltd

Canadian

Int'l

class B—•-

Inv Trust Ltd

—

; 5%
preferred-—.
Canadian Marconi Company—

1
l
Canadian. Pow & Pap Inv Ltd com—*-

preferred —7—7——7.77—7
Canadian Vickefs Ltd common

A/

•

43/4

-/.

15

;

14

14

/

3,50,

3.55

—

•

2

7

Ltd

61

•

Food

Prdducts

Ltd

General

Preferred

Adv

13%

•

com

.

■■■'

Alcohols Ltd

Preferred

J-iiC

—

Consolidated

Bakeries

Consolidated

Div

■'

Preferred

Bee

of

Canada

Class

2.50
Pa pgr

Aircraft

Ltd

16

Feb

16%

Jan ;
Feb

Feb

—*

75

Brazil Gold

19

Feb

8%

Jan

Feb

16

Jan

Feb

r

18%

;

Oilcloth

Dom

Dominion

1 iv

&

Linoleum

Square

Dominion

Ltd

Co.

•/

"

Feb.

23%
40%

*

26% 7

Woollens

;

Goldbeam

17%

1.705

Gohovee

18

—

4,235

Ooldora

——A.

Eastern Steel Products Ltd new com!!*
lairthild

6%%
Fleet

Ltd^__

•

4

6%

—100,
Ltd

Power

red

;

Fraser

•8% v

Sec

class

pfcl_!

i.—100"'

—

—

Companfes"

/

-1
--

:

—

Halifax -Insurance
Hotel

de

LaSalle

Hydro-Electric

Co

Inc_l*7
Corp_!v—
*.
i'.

International
Journal

Lake

Paints

Ltd A

(Can)

John

St

Paper &
Lambert (Alfred)-. Inc.,

135

MacLaren Power & Paper Co
Maple Leaf Milling Co Ltd common

Massey-Harris Co Ltd. 5%
McColl-Frontenac
Melchers
<

Oil

"

11 -11%

'

14%. 14% t-

39%
•

Preferred

28%

106

0

10

Mount
Nova

—

&

Ontario

Roval

Hotel

Co

Scotia Light &

Nuclear

Feb*'

32%

Feb

'16% Jan'

Ltd

t

7T5

?;-77
*£

Power Co Ltd

34

-

15

—

Jan

;

/.;/ 44

Jan

-

' 63% 'Feb
' -12% Jart

>

Jan

Jan

.

Jan

28%

Feb35

Jan

365 7

104%

Jan

Jan

.8

753

17%

>

/

106%

Jan'

■

Feb

11% Jan

-

1,893

15%

18

Jan

4.865

18%. Jan

"1

23%

Feb

29

77

30

2-

Jan

r

Jan

11%

210

Jan

.7'^257;

10

Feb

19%

•

16%

f

Feb
Jan

C 100A -Feb

98% Jan

20

-

Feb

18

73

$

Enterprises, Ltd-————*

'

8%~Jan
13%
14V2

,100 C

100

.

>

25

19%
16%

16%
2

Nonnetal Mining Corp Ltd

Norseman

Corp of Can. 6% 1st pfd
100
part 2nd pfd__-_——!_50:

6 ','r

■*.'

Feb

12

Jan

Purity Flour Mills Co Ltd
Quebec Pulp & Paper 7%
Preferred

;

Ltd

:

i

red pfd—.100

Jan

56

Feb

14

550

11

Jan

14

Feb

/

38

6b

stowell Screw
-,

Thrift Stores

Ltd

39% „/

20

20

109 1

12

12

25

:

301

■

37

Jaii

20

~

pfd——-10l

8%

Ltd.-^!—-—7^.-,

-28c

Feb

26c.

41

f 7'" ' ■"■twiTw m?l iwtfl
Ltd common—7:1_—.71^:'f

Pato

Cons

Gold Dredging

Gold

Pitt

Feb

Jan

1,676

29% V

41?*

.-

15
16%

16%

Stocks,

26c

Premier

Gold

Mining

Quebec

Yellowknife

100

Feb

14

-

Jan

Jan

30c

Jan

;29 %

Feb

15

Feb

7
r

;

16% Feb

7

—

200

7 7.501

1.85

1.69

1.93

•*

iswy» 27o
3.20
2.95

28 %c

38c

29c

38C

1. i

40C *
6.90 *'

3.20

2.99

2.99

2.99

(19451

Mines

24c ; Jan

35c

Ltd-

Gold Mines

Blscoe

Mines

Rock

24c 1 Feb
15c

Jan'"/

27c

Feb

5.100

62C

6.600

1.05

98c

1.08

33,415

38c

3,600

4.25

4.25

500

2.95

•

Ltd7—--7——77-1.7'

—

,

3.00

3.00 T
3.00

3.00

28C 39 Vac

39c
-

—I".

24C

1.01

2.80
3.00

4,500

24C

7

Jan! \

Feb

3.10

5,685

•Jan/7;

Jan

35c

Jart
Feb

25c

500

Feb

24c

17,100

;

4

Jan
Jan

65c

19,500

1.45

i

60c 4 Feb

1.67

35c

—

/

,,200
10.525/

1.31

—

-1

—1

Mines Ltd—7

30cj:
2.06 T

1.06 :1.15

—

Upper Canada Mtnes Ltd--—!—:-7—1"
Villbona Gold Mines——————1

Wiltsey-Coghlan

''

Feb

2.99

7,800

62c

1.38

Mines Ltd—

Iron

<

3.20 Feb

7

5.700

1.85

••

—1

:

Feb,
: Feb

24

1,500

18c

27c

4

—

1944 Ltd—

Standard Gold Mines—

Steep

270
2.00

,7—1

Sladen-Malartic Mines Ltd—
Stadacona

;

-

~i

—

Jan

6.50

300

16C

—

-7—1

.-7
Ltd

Mines

v

'Feb/7

30c 34 lie

•

Rochette Gold. Mines——1'

Shawkey

;

Jan

3.15

7,400 u

100

Feb
Jan

1.09

: 20.000.!

:

'

27C

11,028

*; ,24c. ,27C t
3.20
3.20 -

Jan

Feb

2.30
34o

"

13,350

'

6.90;

;

-270

4.60

2,000

r

.

3.20 :

28c

•

Jan "

Jan

/

38.510 :

-

"27© *

,

Feb

Oil Stocks

Anglo-Canadian Oil Co Ltd-—-.
Corp,'Ltd
Home Oil Co
Calgary & Edmonton

Homestead Oil & Gaa Ltd
Pacalta

Oils

Ltd

Co

..

Royalite' Oil Co* Ltd**—7——!.

Bonds

:

Sales

$2,000

17,000

$3,333,500
5,346,800

Holiday

IS, 1946

Shares}

Domestic

506,350

$322,000

788,765

293,000

374,000

7!««,7.;7--.-—**7~

Tuesday..

288,000

Wednesday

6,757,600'

1,776,755

$27,783,300 v

1946

•

347,000

.

.

$1,461,500

3,536,155

—,

$1,765,000

$1,918,000

$14,000

$139,000

Week Ended Feb. 15

1945

:

,..$342,000
$1,000
'309,000.
.
Holiday
'
7'AA7 7/">■■' 777'"//
22,000
13,000
382,000
42,000
7.
*—
341,000
:
.40,000
' ' 7***7*
544,000
.

299,000
504,000

880,610

Total

Corporate

'

$20,000
15,000
.

741,360

619,070 s

—•

Weefc Ended Feb. 15

7,124,430

Government

.•■tA

—

Thursday*r-*—,*.—**-~~-7~

352,000

*

Bonds (Pur Value)
Foreign
Foreign

^

8aturday-77——*-*7--.77——.

5,987,300

.7,124,430

■

'

h

0/

Monday*.,

$212,500
235,000

*

6,824,600

1,691,310
1,289,370

•

Stocks

(Number
Week Ended Feb.

5,094,800

Exchange

'

Bond

■

$3,119,000

Btocks—No. of shares-.—*—.

,

4,018,483

::/;:7v7/'77--Bond*0.8, Oovernment!——7.!7
Foreign

1946

1945,

<

998,460

3,536,155

Btocks—No. of shares.

Domestic

■

.

2.30

'34C **36e

36C"

-

Feb

1.25

11,925

.

'

1.45

9.100
2,800

6.35

——7——1

Total-———-

Z

1.60

2.30

6.10;

Total

Government

Bond*

-

—,

*7*™.

1.38

5.95

*

Friday-wi.*—*—*———
Total

1.32

1.51

:

Jan

22

24,700

'

Daily, Weekly and Yearly
United States

——•

—

1.32

737c

Jan

8.00

24%

50

34c

Transactions af the New York Garb

Foreign

Bonds

922,495

——

Jan

Feb

1.05 Jan

.

•

Sherritt-Gordon

Jan :r

40C

,200
7735c7

,

7-1'

Red Crest Gold Mines Ltd

Feb

7c;
61c

37.260

1

Co Ltd—.

I: Feb
15% Jan
51

60c

1.0O0

Ltd—•_7—1.

JEast Dome, Mines Ltd—;

Feb

12%

,

:66 1-

,

and Miscel.

1,444,300

—*

Thursday—
Friday————

1.10 Feb

Jan

118% Feb

Jan

15'

'

109

Jan

26

';

-130'

'Railroad

Number of
Shares

Week Ended Feb. 15,1946

Tuesday
Wednesday

27c 4 Jan

171.412

•

Preston

Feb

75c
-

200

9,300
■

;

7

1.85 Jan

500

——1/

Mines—

Daily, Weekly and Yearly
—

Jan

•

Exploration
:——*
Pandora.- Cadallic Gold Mines Ltd
1

Transactions al the New York Slock

Saturday

41c

Jan

21

Jan

JY31

•

Feb

11

115

20

28c

29%
KAA

108

191

118%. 118%

class^
>„v

7175 ■$*

(V-r/W:*;

■.

Jan 7

"

12

Southmoun^ latest. Co.

?

46

20

'

CanaAt Pr 6%

Class R.;

Jaii

210

"

common--!—

Bridge Co, Ltd

Southern

"•;;'-Yli%

WO

56

13%

56:

109"

Reliance Grain Co
Sarnia

;

10-

common:

;

54%

111111%

NC

80c

1,000

Mines.'*-v-——r>—-7—•—-71'

Sullivan Cons .Mines.

Power

Jan
Feb

35,300

NeW'Louvre*77—7—-!77—*7-7:77771— •'

O'Brien Gold Mines Ltd—

Feb

1.14
.1.05
•

1,750

—————-L;

[

'i;

37.400

;.l

>
•

2,245 7

16'

19

Feb

61

-

875

22%*
30 u 30 ^

L
;

-415

"

■

20%

Minnesota

Vis.

Jan
-

14 %r*Feb:/:-'

2;794

9% '

15%

Paper Co;.5
Montreal Refrig; & Storage 1st pfd—30
-2nd preferred^—
-20

'■■■

t

105%

•

16

-

39% 16% '
29% *

16

pfd—__100
pfd
100

6%

Ltd "common.

Distilleries

60

1
•

60

—

Ltd.

15

2

-25-

-

Jan

38.7;

4,000

•

Negus Mines—-—7—--7—7-77
.

Jan

3.55 Jan

48.30D--

Omnitrans

7

Co

•

60c

29

2,500

38c

-71
Macdonald Mines Ltd-—77—t-v—'

Jan7 -V-V*.8 '<••*.: 'Jan;5

6%
32-

875

Power.

Lowney

5

7% '

Feb/7
Jan

100

1.05-

Louvlcourt Goldflelds—

32%
'%:i
_X
7." _J:

♦<

Publishing Co. of Ottawa Ltd-*.

Mines

:

Feb-7

900

Explor Co Ltd—.1
Ltd_7—77--——-1:'

Mining &

Shore

Jan

Jan. 7

30

--100

4.00

1.17

Lipgman Lake Gold Mines' Ltd7_7_7i-1
16% Jan -.18%. Feb
: &Y»
Feb .V":• •*>"' 5% Feb \

450

„;

.

.

Securities

Metal Industries Ltd A__xi—„—*

Int.

Lake

Jan'

715c

..

37C

7,225"-'

31%

Mining-!———77—I

Ling side Gold Mines

;:i7c

Feb Ur

.

.

35c

r

61c a/66c

—1

Ltd

Jan

-

-

1.760

Waite

Feb
Jan

30c

Feb

10c

35,100

7 3.90

Feb

34c

7 9c

<■

16,600

Labrador

18

15

..pilO %v 18%1

!!

61c

•.

Jack Lake Mlne8---__-__7—_7—7-*!.- 7

,2,208v.r-

'

26

1,

41c

J-M Consolidated. Gold Mines Ltd——1

48

*

39c

39 %c

••

72c

14c" Jan 77

■

-

-7,500
19.700

Jan

7 57c

94,400
•

;7l'./

125

%'<

40c

*50c

1

Mines—!

Lake Mmes Ltd—

Jollet-Quebec Mines

■Godfrey Realty Corpr_—

:

Cadillac

126

56

lie

44c

37c.

Hollinger Consolidated Gold—7—7*7*711

Jack

•

ioc.

50c
37c

6 40c

21 7 Feb/y

.39%

V

2.500

1

Ltd—

Mines

694

20Va

12,450

-

-

—7—1

Indian

^ 17^"

__

56

(A. ,J.)_—. / ^O'/a

Freimaa Ltd

1

_1

Ltd—-

Gold

1,535

1.00 ^

15c

Feb

'

.

26c, Jan

.

--13,000 7

llcv lie
:

Jan

87c

,

Jan

r

62c

11,300

>

15c.

>

I;

■

7% 2,500

24c

11 %c

Jan;;/

33c

-1.000

27c 7 2Dc

»

16,500

————————7-1
Mines

Rock

31%

Corp Ltd com——*

70c

—1

(1945) Ltd

7%

A-—*7;

70c.

Jan

/ 52c

66c y Feb

2,600 7.

31%

475

m?

•

;

—5

Mines-—

Heva

825

1.220
'

Motor Co of Canada

Foreign

14

-

5

red

Aircraft

Ford

,

Aircralt

Federal Grain Co class A

7

Mines—————*———*"

Hard

:

38c

21c

—.—

34

r

35c.

393/4C 44'/aC

Formaque Gold Mines Ltd——7—1
Found Lake Gold1

550

■

500
18,660

:

^

—-.7-7—1

Gold Mines Ltd

Fontana Mines

IOC
7

Corp—__1 i

—

45c

9C

6607:7706

r

Ltd———1

Mines

Sullivan: Mines,
Gold

.45c

-1

1

Eldona

-

160-

>

Gold

;

?'

;

_1

East

255

-

-

•

Corp:

Donnacona Paper Co Ltd

150

•

50

67

;

1

Ltd

Elder

4%

,

Jaii

Bonds

;

Railroad & industrial—*

$101,486,100

$254,985,300

14,000

139,000

139,000

Foreign corporate—.
$29,307,300

$605,963,950
,

$14,936,000 / $28,159,000

$1,765,000 *"■"$3,890,000

Foreign government.

Total

Total—.

"/

$4,045,000

$1,918,000

—.

612,000

2,307,000

16,000"

:

98,000 "

$17,341,000

7 104,000
$28,875,000

7Ali-O UV77/.7
7

-

Slock And
Below

»Tteted

on

are

Exchange

-Stocks
t.
•-.o"

•

'•

-.

30

'

■

J5-

91

Febuary 11.
February 12

February 13
February 14
February 15._

For

10

65

Indus¬

trial*

D»t&—

February

Total

—

roads

202.30

66.20

_

201.14

ties

Stocks

.

39.91

65.11

--

trials

Ralls
119.16

foohi-.'Js

203.09

see

page




=

*'■

Grade

10

Utili-.'

Rails'

'•

tie* ;'7

Total
40

Bonds

103.04

110.14

109.71

40.00

75.12

106.49

119.12

102.72

110.09

109.60

64.81

198.74
199.75

Second

106.51

75.70

39.72

74.42

106.51

119.09

102.65

110.13

109.59

<65.11

40.14"

119.34

102.50 '

109.92

109.58

Holiday
—

Brooklyn Trust1

10

First
Grad*

•

66.35

937.

Holid

'•

40.72

74.84
-

76.12"

106.57
•

106.50

119.25

Trust

*'

109.96'

109.58'

20

Co

Continental

Bank

Empire Trust
Fiduciary Trust
First

<fe

Trust—10

Exchange Bank 6c Trust_20

National

;

;

Bank.

-50

,

54%
,139
.

122 %

118 %

10.

Commercial National Bank 6c'

457

135

15'

Chemical Bank <fc Trust-

Corn

"102.62

100

.'
Bank—

National

Bid A- Ask
35%

33%. /

100 : 445
:
10
52%

Central Hanover Bank «fc Trust 20
Chase

City Banks & Trust Cos.

:'/7' Par

-7

Bankers Trust

10

11

Utili¬

J

Manhattan-Co—10
Bank of New York-

-Bondc

20

.

7

and

compiled by Dow, Jones & Co

Rail¬

;

■■

of representative stocks

as-

Indus¬

rj

New York

Bond/Averages

the daily closing averages

the New York Stock

i

m

',,.7,40:.

T"7
—;

& Diamond M

Cournor
Mining
Dome.' Mines^' Ltd

Feb

2%

v

Jan

/ Feb

325
.1,000..

,

■.7^';

'.

Centremaquc Gold Mines-—»—7—1
Century Minig Corp Ltd,——'—7—1

jiovv.,

David & Frere, Limitee B„
Dommlon Engineering Works ;Ltd—_•
Dominion Malting Co. Ltd
20

Ltd

Cartier-Malartict Gold Mines

1.50 Jan;

1.85

(1937)

Central Cadillac Gold Mines Ltd

Feb

Jan

7300

22

Bouscadlllac

Jan

Jan
Feb

7/.

Mines

Bonvlllc Gold Mines Ltd

Jan ;:

7 6%

1.00

15%
J6

.

.2%

90

Feb

43c

.770'

.31

;
.150.
:,-77r .$0...

t

1

—

-

Jan

Feb

50

113A

Beatrice Red Lake. Gold-:—j-—7—1
Beaucourt. Gold Mines,
1

k

Jan
Jan

19.478

Corp Ltd-7——

Corp

>.

16%

.

Quebec Mines. Ltd—

Aubelle Mines Ltd-*—;

7%

135

j396;

16

;

Astoria

Feb

5%

295

1.30 t

v

;

U,2.tf

V

30

;

Mining Stocks

Feb

10

60

^

2.880

18%

•

14%

7

.——100

Alger 1'Gold:^ Mines:-LtdL!-77t^——7—!l
Mines Ltd. —i
•

Athona

Jan

LOW

Products Corp Ltd.—

Arno

Feb

Feb

60C

.100

-

62

Jan

,

16
•;

390

60-.
:5% 7:,.,

5
—v.

A

^

Consolidated
Cub

common^—•

Feb

10

40'.;,
.820:

.

65c

100

,

_

Commercial

Jan

3.80

U%

;„:..4o..

16 i:yl

.—

Neon

57

372
490

18

v

5':b preferred /
—-'—-15
Chateau-Gai WihesTLtd—7. 7.
*'
Claude

Jan

14%

Jan

14%

common—*'

Jan
Jan

18 y2

;

Feb /..

2.95

v.

United Securities Ltd—

Range/Since January 1:7

.10

'..;

15

]

:

/• Shares

High

^>;'1

Windsor Hotel Ltd7»------———: '
Woods Manufacturing • Co—,*'

5%

12%

:

;7

•

for Week

■.

Ltd—!—* ' J
—a-—'
r
{.

Westeel

3V4

1.585

.

Jan.

1 '

ClftsS B
.Class B

United Fuel. Inv!

■

of Prices

.

United Distillers" of' Canada

Feb

Feb

;

>.

■

,

Jan

,

19,181

62

*

2507

.

Jan

1.75 Jan
l33/i Jan

.

A——7—*

100

■

Sale*

Week'*

:

Low

fag-

-:

Jan

4%

7

:

United Corporations; class

Feb 7,7

199

Friday

Sale Price
Par

Jan

18

;

Jan

100

1.213

14%

.

777':

Jan

280

17 4% Jan

1,555

3

;

Cassidy's Limited-.:!—'—1
Catelli

1

7

Jan

163

556

29 Yt

Feb

BTOCKS—

High .*.

,/

(

153A Jan ;:

.

236

7

'*

a.

7

.*; yi'A

Canadian Western Lumber Co—_*

Canadian Westinghouse Co

199

7/7

i-100

5 fo

.:435

.

100

-•

'

12%
280;'

10

.17

Jan

_

.....I 50.>

280

-A, Ai

25

..125.

—

Canadian

'i Lowyj

y

,

-

Canadian

,

77 L»st:'$#V7 Rangev.'7'

Range-Since January 1

/Shares

44

.'46

•

49%

:

.51%

Par

48%,

,,51%
23%

22

63%
122

—-..,41
100 1,920

,

r

65%

.7127

>

44
: 1,980
.

'.

r

as

-rrr-i'—•

Trust-

.100

205

Grace National

—100

Guaranty Trust

100

7'/

190

366

Fulton

Irving Trust

10

—

Lawyers Trust

New

(J

P)

25

—

Manufactures Trust Co

National

com—20

fc Co Inc

City Bank

York

Trust——

100

& Trust

United States Trust

675

19%
48

20%

\"-51

84%

66%

342

25

114%

348

50%

48 %

National

Title Guarantee

7

—

12%

Publk! Nafl Bank & Trust—17%

Sterling

A|k

215

100 1 ,950 ft-8,000

Kings County Trust-.

Morean

'

,

46 Va"

.

118%

48%,

92

12

.100

96

23 %

24%

785

815

i

LAICNANIF&,
CHRONICLE'

THE COMMERCIAL

OVE R-TH E-COU NTERt MARKETS
Quotations for Friday, February 15

;•■'•

":

:■

..-I. .<•

•

••

,.

1

Shaskan

OVER-THE-COUNTER SECURITIES

x

Firm Trading

1 -

,

•'

•

.

•

'

•

.

For Quotations on Real Estate Bonds

Specialists
$

,t-

Co.

&

Members, Nevo York Stock ExcJiQrtgei ^.^t
Members New York Curb

Markets

Cxuhsngo Places New York 5r N. .Y,
Tel:

WWT

"/.▼W

Dlgby 4-4950

.'-'dCi ^ :!.''^ 120 Broadway. New York
A 1(11 JKr! fl ytffc
Phone: REctor 2-8700
imMfcMP-.MP
Tele, NY 1-1287 & 1-1288

Established

Direct Wires to

CHICAGO

—

NY 1-953

Dealers Association*

Members New York Security

1920 :

v

Bell Teletype

PHILADELPHIA :l

Reorganization Rails

C

(When, as and

if Issued)

Bonds—

Bid

'V,

.

'

A«k

•'

,!.$■

■•(.

Chic

Indianapolis & Loliisvilie—'
-^.—-—*—-19831'
2nd 4Vas v—_2Q03 '

Investing Companies

American

Foreign Investing .lOo

Axe-Houghton Fund Inoi—
Axe

-

'•

21.37
43.13

19.87

Houghton Fund B™—i-.—:

-Series

<

8%'

7% 4

1

'

13.17

12.14'

1

!

7 78
*5.72

'7.12'
-5.23"

/Assoc'ted Standard Oil shares™
.

A,k

13-09

•*'

ii 65

10.63

AmericanBuslnessShares——-1

Bl<

>8orie8 H-ft.™.-:...-11-83
Series K-l——..
22.20

40.11 '

•

-

Inv Tr

of

107.22

America—

Fund

Broad Street Invest CoTnc——8
■>

Canadian Inv Fund Ltd

Century Shares Tr"«t

...1

•

--

36.47

Christiana Securities com—100 3,070• 3,170

—™—100 ,146".

Commonwealth Invest

1

Mass Investors 2d

"

Balanced shares

-

25.64

1.98

Bond

series

7.55
6.76

-

;

—-.-™—.

stock

.

,

Chemical sharea^-^.———\

>.;Bank

'•

7.30

10.51'

6.13

■

;9.67

Institutional bond shares—

10.72

Investing
Lpw JPrioe ShAres.—

11.68

-

14.63

1 36

17.75

'

31.24,

20.74

22.76

22

l--- '".'.

••

18,17
310 8ft

0.90%

•

100.16

1950-1948

iol

1, 1955-1953

—

*

ioi

„

,

47% :

•

70

4

172

tDec

15.

1946.

—

23%

Bid-

.% v lOftL i

1%%

—'

tMar 15 1947__

t%Y*%

:tSept. 15, 1947.
ISept. 15, 1947.
tSept. 15. 1948.

—1%%

.

'.

400.18

9%

10%
98

/ 95%
104

,/

63%;

Tpdemnity. ,Cor—f

Preierred Accident

66%
103

99 !!"•

—————10

!14%!

—

-10

/

10 8-

!

15%
?

42 Va

■

45

Reinsurance Corp (NY)_.
Republic "(Texas)!

~-*)i HI

42%

20%.

32%

25%
^,83;

Seaboard Surety..

Glens Falls Fire———8
Globe to Republic.

11%

,'','8%

Cp-4.

7/24%.

Ill

.21% '

•

Globe

.8

to

Rutgers Fire coin
15
2nd preferred
American—«

,

;4

- ■

,

80

p.

..

59
——,—10 • \ 56
39%,
37%
10
135 " 139 %
SprlngMeld Fire & Marine,:—25
40%
43%
Standard Accident..™,—..10
715
Travelers
>.100 700
51
U 8 Fidelity to Guaranty Co—2
^<v5ft;P;
.

<

37% V
132%

4

■U S Fire
U 8 Guarantee

33%

10 31%
Fire—.—^——.*.10'' 128%

Fire—

■■

102
t

Hanover.,
\

v

12%

44

98
35%

Great

(Paul)

Security New Haven.

58%

•

Revere

—

S 60

.10

i90

63
.

Wail

.2 50

Bid

Iv-

a

!iJ'

<

lltJj.: :J

39%

;*lt

1975

Westchester Fire—

•

106%

407%

h"

VP" ".

B,d

.

Ask

Portland Gen Elec 3%s

Bonds—

Pow

Arkansas

&

Lt

3ysS—1974

,

Cent Vt

Pub Serv

Conn

;

&

Lt

RR

ill%

&

Pow

2%s

Kans Okla & Gulf Ry

1974

-

Southern

112%

Texas

^.—1965

106

10.8%
109

Power

1975

2%s

108%

Mountain States Power 3s—1975

Far
Central Pow- to "Lt 4^ .——..100

' :

110%

Sioux City

105%

Union

Oil

G & "E 3:90 % pfd.100
(Cal) $3.75——*

109 %

105%

106

105%

106%

104%
102: ?

105

102%

105%

406%

105%

105%

108%

108%

104%

'

108

Monongahela Power 4.40%—100 412!-Ruppert (Jacob) 4%%400 108% ■

105%

I Narragansett Elec 3s
1974! 109%
Nat'l Dairy Products 2%s—1970
105

109

Preferred Stocks—

106%

j_1975 .,106

1975

Light 2%s~l975;
Union Pacific 27«s——1986
Western Lt
Tel 3s._
.1975

103%

105%
Minnesota Pow to Lt 3%s—1975. 107%;

Elec Service 2%s

Texas Power &

108%'

108

3%s_1980p 102%

3Vgs

Sioux City Gas &

102%

102

3%S—1975

2%s.—1975
1975
El 2%s___1975
Pacific 2%s—™1986

Co

Reading

109%

2 % s.w^.1975' 104 %
1953

(Indiana)

Sery

Public Serv (Okla)

104 V*
109

Pwr 3$ ser:4Liwl980

2s
Lt

Pub

109%

109

106

409

•

113:!/
109 %

107

1074

bO.OO

0,80%

~

3s^.Li.——-1947

ftS Conversion

102.8
.1961 -133%

Panama Canal 3s

4s* "

.

-

100.2

"100.19

100.14101

-v

100.15

401.1

100.20

,

r

Maturity—

•

^ •

-

-

?

^

-

;

•

'' v;

*

A.,.-'-:
;^v"

1

"v-

,

•

<v

Certificates of

United Slates Treasury

134%

' 7 ::%s: April
*

• -1.09%
July 1, 4946.—
:A4%s Aug 1, 1946
"
t'/eS Sept.l, 1946,

i ' '/'Hs Oct. 1. 1946—
;v (• V-. J%s Nov. 1, 1946
i ; 4%s'Dec. 1, 1946_—
1, 1947

^ ™^%s.,Feb. 1,1947-*—

Rate* quoted

;.v!

.

are t</r

Bid

%

:0615

_i.—.

-.0715

>v .'0638"" r.0754
,0701.

..0783

s

.0603
;

February 28,
'

Ask

b0.375 0.28%/

.0619-

i

■
••!!

0.33'V

:b0.375 0.33%

b0.375

bO.375 0.33%

;C March' 21, 1946—
•! March
28, 1946—:

b0.375

4)0.375 0.35%
bO.375 0.35%
b0.375

0.34^

0.35%

bO.375

-May? 2/4946-—4!
May' 9, 1946!
May -16,: 1946--—

Q.33%

Bld;;stl«4k

b0.375 0.34%

/bO.375 0.35%

0.35%

bO.375 0.35%

<0693
.0743

,0659

-.0765

;07011

70824

.0727

'

.0970

.0804

,

April 4. 1946—.—.
April 11, 1946—
April 18. 1946—-——.
April 25. 1946——

,0688

.0653

<0816

b0.375

1946

March 7, 1946—!•_
March- 14, 1946—

Bills

discount at purchase

Bid e:: Ask.

/.' ..February 21/1946

Dollar Price 100 Plus

i%8 May 1. 1946—
4%s June 1. 1946™—

V:-Jan.
w

1, (1946—;

-

Treasury bllla—

Indebtedness--

i%S Mirch 1,4946

c

:

>

-;-4

.

.

100.21

—1%% '40r.lC-101.17
iT':,




v—• .12.50

19 V»
553A

25 V2

10
Marme..10

Fire &

Gibraltar

Page 936

Issues

101%

-101'A

Int. Bats

—..I.
—;

'

40 lA

FirbAA——i-*.—i—; •

General Reinsurance Corp new

.

IMar 15. .1946.

16 y»

27%

'

27%":

Trranklih

■'
-

14%*
26

-2.50

—1
St Paul Fire to Marine——.12%

Firemen's

Birmingham Electric 3s
—1974
California ^Water 3%S—i-—1975

3.89
3.39

Quotations:For l).:S. Treasury Notes

••

54%

477-

10

;

Figures after decimal point represent one or more 32ds of a point

'

—

:■

5

—

—

Providence-Washington

4

10

t

Maturity—

Fire—,

Plioemx

71.
68
'
v,
109% •V 113%
is.., ■
ol Newark*.—47
•

Fire Assn of Phiia—,——

BTH

i-1: .(*}'■•'i

V

•

32%

53

pacific ■ Fire—

37%

67
-59•

1o

Fireman's Fd of San Fran

York

Pacific

Fidelity to Deposit of Md-*.-20

3.28

2.94

15-, 1946^—--

April

Ointr

a

105.26

105.18

1%8 Jan. I, 1953-1951—-i-c--

:,

10

100.18

A

'

-

37

Federal Home Loan Banks— :

May 1, 1956-1946

?s

—.

8*-

215

-

30 %

—10

Fire

•

10.69
12.50
28 73
22.65
1*.> ''

As*

Federal Land Bank Bonds—

'

V/

35

•

35 %

10

'Federal■-

9.61

~

f.or

:.v.

7%
205

Northeastern

Northern.;

64

/>• '

Employees Group-^**
Employers Reinsurance

..13.1ft

Obligations Of Governmental Agencies

j'ig./

70%

'

45%"

'V'"p

-

.'

61%

Monongahela Power 3s

2V4S Feb.

6%

31%

67%

30

North. River
•

81

78

Continental .Casualty—**^.... _8
Cxum & Forster Inc
*0

.

Montana

1,

5%
( 29 3 4

Casualty- —2

Amsterdam

New

25.*7.
24

23 lA

.

—.10

Connecticut.General Life...._10,

318^81
13^5

;

iy2s Oct

;

4

National Liberty-—-.
National Union Fire

New

City of. New York—

Laclede Gas Lt 3Vas

3s

Casualty

National Fire

.50

-

"* *

10

Fire

National

'

78y4.
'

47

Fire—^.————.'.8

Camden.

16 07

Houston

FOR NEW YORK CITY BANKS & TRUST COS.—See

,

:

sy*

(Detroit)—10

—!—!—_

Monarch

23%

'r>

•

Erie

Bid

34

7 %"

4

....

< •.

ij)V-

New Hampshire

Bankers & Shippers.—:
Boston new

•

.-7.05 ' ,9.00

North Amer Trust shares—
Series 1955——-—1,
Series 1956——
-..—I
U 8 El Lt b Pwf Shares A,—

30.35
.

Merch to Mfrs Fire ,N Y—

•

-

38

21 %

...28 p 75y4

—

.

New Brunswick

,

:

'

D .__—2.60
Independence Trust Shares—*

B-3-———

22%

;

—

35 %

—---jlO

Diversified Trustee Shares—

Series

21%

10

12.04

'

17.78

28.52

;

79

-

102%

32

23.96

37.45

23.97

99

-8

86%

0.78

.

Keystone Custr^lan Funds—

12%

76%

11.4ft
26.28
20.97

19.45

,

Bonding

'83%

21.92

B

17.39

—

VfiX nMi$&

,13%
...

1.22

34.45

——————

.26%

20%

19%''

25.83

Investment Co of America—10

B-2—-

24%

43 %

-A

Fire Assur—

Merchant

28

4.10

;Investors Fund O*———)

B-l

Massachusetts

..

common™—__._10

25.05

ySerits C—
———.j—
union Common Stock Fund B—
Union Preferred Stock Fund——
Wellington Fund——1

series

Unit Type Trusts—

Series

-14%P;

13%

17 %

ii2ya

———1

Casualty

13.22

250

21.64
1,16

19.75
1.05
1.24

.7

Maryland

'?!'

41

.

7%

A—

Union* Bond

Fund

Vk'V-'• !!v'v4.:V;l4 -/'•"/

36%

32%

.

110 3,'/

"T6

10

Fire

7%

Hartford

Trusteed Industry ShSres

1.98

Series

Stock and Bond Group shares.

20

10

Reserve

American,'Surety...

-

•

34.70

,

Ltd---

Bank Group shares.^.-——.'
Insurance Group shares.——

10

8

Re-Insurance

.....

1.93

-

Insur Co ol North America

26

—2%

American

,

—

Homestead

96%

50 %

•

•

.

32.27

30%

34

Fidelity & Casualty.B

American of Newark

,

——ipe

47%

58%

-5

i0867

a

to

Odd

Stock

dividend.
name,

lot sales. > b Yield price. - d

7,0989

;/.0993

Deferred delivery.

•

e

Ex-interest, f Flat

price,

Exchange,
r Canadian market;
s Cash sale—not included in range for year,
(Un) Unlisted issue,
x Ex-divldend.
y Ex-rights,
z Formerly Athey Truss

clranged. effective Sept* 17, 1945.

.1126
.-

:r/*KoT)ar va'lhe,

"

^

k Removed
t Ex-stock
Wheel Co.,

.!'./••• !'

tin default/ .IThese bonds, are subject to all

-furnished by sponsor or issuer.

r

j

"

1

A Quotations not

Federal taxes.
-

1
-i

Atk

Bid

Par

•■

—

-

Automobile

—

4

Av

B

florae

24

American

1174
17 64

Oils

."A-

P.

4

Casualty
Equitable

American

14.53

4,

•

>

81

10

American

-:13.23

.;?:v .*:■/-a

"'.'r

4

Hartford Steamboller Inspect.-10

lOt

.

.

Incorporated investors———8

,%;v'\YC

Ask

■

56%

:..-.:as

,

Automobile

——.

Series

64 •

93

.10

Life

Alliance

.

.

Bin

Baltimore American..——2 %

10.96

—■

-

1

27"'!'!

6?//-

58 %

97

'•

,12.62
1163- Steel
|0.05V .Ul>05-"'
12.54 V *v* '
•
;•
-,a
L 7.37. , Petroleuro* .ATTrading,,—18.,
" —V
4. .Petroleum shares—4,—,
7.12
2 83
Putnam aGeoi Fund——1,7.46
18.77
Railroad Bond shares,—--.—
3.93
4.83
Hepuhlic Invest,Fund——1
5.16
5.64
RR Equipment shares
—
6.64
7.30
Scudder, Stevens 8; Clark
Railroad stock' shares—:
7.30
■' 8.03 :
Fund, InC—-113.62
115.92
Steel shares-,..,.
1:', 6.77
7.45
Selected Amer Shares———2'A
15.26
16.64
Tobacco shares--^..
5.20
5.73
Sovereign Investors,—^
1
7.98
8.74
Utility, shares...*.—.
7,2^.
7.94
Standard Utilities ——10c
85c
1.04
:
State Street Investment Corp—59.5ft ■ 62.50

Securities

Preferred

10.26
19 09

—

12.83

Aviation Group shares.

-

Jersey Insurance ol N Y—

Aetna

Agricultural

13.87

10.59/
Merchandise sbS^S^i^^—t 11.42
r,? Mining shares, .
6.70 .

Institutional

25/ /

j& San Francisco

St Louis
•:

••

Merchandising
16.65
Metals
-*.-i—-u—9.88
-L———J—11.98
Railroad
——.8.74
Railroad equipment—-——
J1.49

10.62-

10.97
11.25-

Common

com—

™ll—.

!
..

89

10

American

stocky,12.63

'Machinery

10.15
*

9.99

Foundation Fund Inc

76

i

.

l6.22

Diversified Speculative—— 17.13
Electrical equipment—12.15.
insurance

7.40

49,24

„

Industrial Machinery shares—

^

38

74■

.

10.68
Equipment—4——. -16.07

Business

11.86
•

6.73"

.

Fully Administered5 eharesw- 3

Income

87

—4—

American

*

stock——;

Chemical ——————
Diversified Investment Fund—

9.56

12 49

■

13.85 $jl5.20-

:

Food shares

-

84

36

com

103

//:V'.vp:.:pp/p;w:p^;.;Fal

American

Building snoplv———

8.70 '

:

-General bond shares,^——

101

Aetng Casual to Surety

8.74
18.48

.

.

11.37
10.80

shares-——.
;W Building sbarea--^——-w—•—

*

86
102

5.9T
6.32

,

.

*

9.57

shares————

Automobile shares-!--——

-

84

100

8.98
7.60
11.07

,

,•

v

—

Equlpment---w,^-»;

2018

11.52

—

Electrical

82

Grande

Rio

Insurance
'4'P

8.30
7.46

•

10.39

series—-

,

.

;

101.

to

Preferred

Income 75-year 4%s—.4-—'—

Security Series-

„

■

.100

1

Denver

■

.1993

Aetna

"

Aviation

51

106%

99

1st 50-year 4s_

13.52

12.51

,

*

Agricultural

' I

.

--

Low priced bond series—:
8.17
29.37
Low priced stock common—j.6.8p
18.59 "r . ;Preferred stock aexles_4™—... 10.02
..*•.* Selected series-wi
5-^9;
30.85
■
Speculative:series ——-—*— - 5.69
,2-81
stock, series ——4 * 7.89
9'74 1 New England; Fund*--—17.56
Fundamental;Investors Inc-.^—2 - 35.62 v39.04
J
•
Fundamental Trust shares A—3 ;
6.71.
7-6.7
New York Stocks Ino— »
•
'
;
Agriculture;—.——»—*»^ V l4.77
General Capital Corp^;—*
48.22
Automobile --—9.33
.General Investors Trust--,—6.43
6.76
..Aviation
———
—■ 17.39 ,

yBalanced. Fund____________I
27.47
,Stock Fund*,^—»T—J17,38.
v-s"'
"* * :
" "•
*, -/
•
; ' *
Fidelity Fund Ine—*—.t—.L—f
28.61
"Financial Industrial Fund/ Inc. .
2.56 4
■First Mutual .TruBt^Fund—. 8177.;

v

53

•

—

.

5 % preferred
104%

•

—2019

\A..v

15.8717 03

:<

Eaton & Howard—■

Group Securities— v-

4%s

17.86

16.61

:

il

seUes—.,

Income

Industrial

5

Common

,

-a;———

National Investors Corp__;

7.48

1.80

Fujvd.--,—.1

Nation-Wide !Securltlesrn

National

„

/j

'

_

Chicago Rock Island & Pacific-

St Louis to San. Francisco-?-■'

8.54

.

Mutual. Invest Fund InC-^-.-10 ; 17 66

:

"

23.72

Dividend Shares—..^—^*250'

ij

85%

v'

1

«

:

.

' 153"

6.88

Delaware Fund-..—L™..—«—i.l

.

83%

*•'*

124,50
56.60

•

39.21
15 0?

V^Chemical-Fund-;—1!-.13,94 .'

"/••.Preferred

102%

23.28 r. 25.51-: (Manhattan Bdnd Fund tnc-^
■' r
• ■'' • -/ •
Common
--.lie • -9.50- ■ 10.44.
4.35
'5.0S
Mass Investors Trust-—«™—i -31.08
33.42

;
■

.

47.87

44.30

-

Bullock Fond

35.o5
20-45
18.09
9 81

7.72

——.

Loomis Sayles Second

income

Denver & Rio Grande—
Income 4>/2s
1st 3-4s Income—

33.59

-

Fund—*122.01
Fund—.10
55.47

Loomis Sajies Mutual

27.(3

Conv

'34.36.

Series 8-1—.,^.—^,-.'—.-—
32.50
Series •' 6-2-*,—™--—™—18.60
Series S-3—■■
16.45
Series 8^4—8.84

111.69

*

'Ino—-,a.™-w—28.23

Boston Fund

100 V2

•

K-2—.-i—30.54

Knickerbocker
Bond

Chicago Rock Island to Pacific—
4st'4s——A2*.-^,.1994

<Cont.)—

Keystone Custodian Funds

'

'

,

Ask

Bid

Far

.Mutual Funds—

Aeronautical Becuritle«_,»—1
Affiliated Fund Inc-i.^™..»l%,

Stocks;—"-

p

1st 4s

THECO DRS E

OF

BA

CLEARINGS

»rjVa

■

6f l5.4%.' We group
according to the Federal Reserve Districts in
which they are located and from this it appears that-in
the New York District (including this city) the totals
this center having recorded a gain

Complete and exact details for the week covered by

will show an increase com¬
pared with a year ago. Preliminary figures compiled by
us, based upon telegraphic advices from the chief cities
o£ the country, indicate that for the week ended Satur¬
day, Feb.' 16, clearings from all cities- of the United
States from which it is possible to obtain weekly clear¬

able at time of going to press.

3.8% above those for the corresponding
week last year.
Our preliminary totais stand lat $10,-

the last day of the week in all cases has to be estimated. '
In the elaborate detailed statement however, which

trict Of

able to give the final
and complete results for the week previous—the week
ended Feb. 9.
For that week there was an increase

gain of 13.5% and the Atlanta Reserve District of 7.9%.
Chicago Reserve District has managed to; enlarge
totals by 15.1%, the St. Louis Reserve District by
13.5% and the Minneapolis Reserve District by 31.9%.
In the Kansas City Reserve District the totals show an

Bank clearings this week

will be

ings

week in

753,112,850, against $10,361,406,014 for the same
At this center there is an increase

ended

Friday of 6.0%.

Our

for the

of

the week follows:
CLEARINGS—RETURNS BY TELEGRAPH
1946

Week Ending Feb. 16—

$4,627,480,049

450,116,329

453,345,281

Philadelphia' +-—-i.—

505,000,000

503,000,000

+

Boston

313,475,430

292,930,602

+

154,073,126

+10.7

-•

.

—

City

Kansas

170,480,642

__—

Cleveland

+

Ten cities, five days—_

191,280,753

1st Boston

180,836,056

—12.7

125,966,861

+

+

411. cities,
t-"

'.

>

1,557,392,410

+

-___12

New

Philadelphia.

.:

?

-

■'

■

its

"

17

"
"

4

*

9th Minneapolis
10th Kansas

expansion Of 17.8%, the Dallas Reserve District of 27.1%
and the San Francisco Reserve District of 18.2%. *•

,

• v

York

the New

3.8

Outside N.

transactions
Stock Exchange is appended.
The

omitted)

$10,361,406,014

9

■

17,811,394

18,032,142

$326,657,900

398

379

324

293

bonds'

338

339

272

187

Total bonds

9,404,000

11,675,500

101

+ 15.1

8,462,449,204

6,994,885,345

4,470,538,087

{

+ 14.7

3,820,738,'327

3,467,034,480

38,995,195

'January—

I. V

>

"r

FOR 8

•

123
84

165

173

141

124

124

104

426

379

328

297

253

217

184

160

_

,

1,809

1,870

1,649

2,944

2,759

Louisl-

878

811

1,066

1,123

1,087

Fran-

1,478

CincinnatL

145

101

81

202

;: 166

145

108.

81

74

66

72

76

63

72

66

55

49

48,102 41,280 34,022
4,079
4,818
5,571

31,131
3,526

25,944

24,085

2,386

12,574

46,098 38,101
19,699

34,657
17,720

29,012
14,327

26,659

25,675

gain ojL1.5%, the St,
the Minneapolis Re¬
serve District! of 27.3%.
In the Kansas, City Reserve
District the increase is 10.6%, in the Dallas Reserve Dis¬
trict 13.3% and in the* San Francisco Reserve District

12,592

11,059

6.6%.

1,207

"

4,643,659,014
1,561,206,449

"
"
"

1,248,080,514
1,945,425,752
1,523,705,005

"

2,656,090,143

60,322,470,197

53,673,592,064

26,712,463,219

24,730,440,007' f

,

Louis

—

*_■

——

|

^

___19

Francisco

Total-

918

1,036,

440

389.

859

712

561

v

504

431

388

.

+665

596

409

343

276

304

898

570

498

269

614

732

410

467

following compilation covers the clearings by

The

933

720

549

456

374

621

480

425

314

293

256

447

434

365

331

269

209

189

172

1;219

1,532

1,684

1,381

952

682

507

.420

now

V

add

<

819

.

.(P.

.

.

...

ures

If*

$'4

'

for each city for the month of January and the

-

Mass.—Eostoh

,

+
+

1.5'

8.0
+27.3
+10.6
+13.3
6.6

r
j
;

2,606,819,223
2,402,831,350
1.076,583,866

1,459,677,597
3,757,881,944

1,124,685,566
737,772,679
1,347,677,696
920.928,280

2,241,461,686

1,932(796,857

+12.4

.

;

46,098,907,434

36,101,645,510

8.0

22,805,561,168

19,699,079,300

+

1,649,726,660

2.246,337

$ Z:

t

'

_

Eprlngheid

•

2,991,846

1.459.206

959,042

I

+ 52.2

15,781,755

16,199,171

3,377,469

3,028,241

\

1,605,111,673

1.435.357.799

399,694,891

320,329,625

4,452,095

3,728,451

1,312,022

941,320

•

:

+29.6

2,291,112

,

*

2,310,912

+ 27.3

2,360,230

2,011,041

540,106

389,603

6,653,554

5.1

5,234.215

4,3oO,386

1,291,504

*1,212,676

20.9

21,403,297

18,938,222

5,607,314

4,512,268

12,218,834

12,844,476

4,075,777

2^07,073

Oonn.—Hartford';

76,353,946

63,443,724

New Havfen

28,034,370

27,653,711

+ 7,539,300?

7,482,000

72,663,115

37,931,403

+27.5

7,6^0,200

.

+19.9

29,747,597

87,097,774
t.—_

+

14,592,475

+36.0

;

'

'

651,706
3.641,599

3,099,614.

325,611,976

299,689,930

1,110,337

905,008

>405,619

1,208,246

:

932,743

+ 38.6

;

20,712,129

1943

472,305

/

%+24.8

S
l

..

Vec.%
+ 8.0

/ .*)) ■:

884,496

'

+ 39.4 j*

;

19,703,235.

»Inc. or

|:+,

y:..

2,337,469

.

%■■■""

t

*

*
'
24,730,440,007

•

+11.5 *

3.7

1945

t

'

■; ;

3,722,831

+
■

-Clearings Outside Mew York

Dec. %

$

;

25,051,770

/

1946
-.

week ended Feb. 0 for four years:
-^Wepk Ended Feb. 9'1944
Inc.or
1945

2,042,613

Bedford

*

$
'
* 26,712,463,219

6,315,954

Low^Jl

—

i

$

t

*

+ 25.2

4,931,978

—

Jf

-

Dec. %
+12.4

+ 13.4

15,701,867

.

■

Fall River

16,286,015

1,870,456.219

''

%■ ':

+ 31.9

4,540,822

2,912,354

'

Portland----—

5,988,206

■

1946

.1943

1944

Dec, %

$

6,173,068

'

Me,—Bangor

Inc. or

1945

m

$

,

.

,

53,673,592,064

'

,,1946

'
First Federal Reserve District—Boston—

,

New

+12.5
+ 7.1

%

Inc. or

1945

I

60,322,470,197

January™.

6ur detailed statement showing the fig

Clearings at—

■

•

V

19,070,129,011

months since Jan. 1,1946 and 1945:

Total Ail

-Clearings,
1946

Months—

-Month of January

■

-

24,071,428,326:
2,881,729,247
2,754,793,159
1,209,909,501 v1,732,049,950
4,399,981,260
1,307,608,500
937,540,388
1,620,111,529;
1,077,239,077 %

MONTHLY CLEARINGS

383

851

977

657

We

'

•

City__-.-i_u

240

957

:

>

•;

•

492

700

Y.

N.

Outside

354

.183 cities

—

WtZZZiZk|'

1,579

571

1,020

"

7

2,920,537<310
1,528,560,749
2,206,532,413

IT-+«:•/
8
"
—;.-16 M

Minneapolis

3,407,121,461

1,663,861,441

14,616

1,816

961 i:

31

;

.

1,865,054,811%

i +14.4
+ 15.8'
+11.2
+ 0.8

'

•

+

6.5

.

4,168,902

+24.3j

20,116,929

15,843,902

8,181.827

5,617,803

;

:

•

2,597,732

13,562,621

.10,541,640

4,481,361

<393,856

1$; 721,§00

14,405,400

547.249,

t 469,941

+27.0,

>45.6%

{

4,035,495

:v

2,965,069

+45.2
'

.

]«

;

w.

•

Zl

Waterbury
R.

10,496,900

——_.

% y+

101,514,900

V-

.R—^-Providence

N.

y..; 4,328,446

3,431,072

2,197,198.857

,1,920,225,418

H.—Manchester

;

|f

Total (14 cities)

85.246,700

+ 19.1

77,396,000-

63,938,800

,

15,951,400

20,936,300

:■

24.3

3,155,144

2,634,345

1,865,054,811

1,663,861,441

467,687 960

—20.3

53,527,601

32,832,923

10.318,58^

33.1

8,552,052

6,942,905

291,147,995

619,713

1,094,615

+ 14.4

+

372,212,666 %

>

,

%

+31.-9-|

'

t76.6'.
+25.6 »

|

342,673,669

374,833,976
;

second Federal Reserve District—New York—
'

H. rY.—Albany

7i.S80.514

57,039,976

,

,

"

wBIngh&mton

11,123,432

Buffalo

.

8,355,986

+

1.6

288,671,751

—

4,916,097

+.

12

5.842,938

5,782,110

+

1.1

+

16.1.

284,034,502

;

Elmira

5,025,501

Jamestown

•i;

33,610,006,978

28,943,152,057

Rochester

69,157,490

61,262,275

Syracuse

40,721,453

Ne#

York

'.

+ 81.7

1,383,198

,

1,113.114
1

1.
-

^^7^63,602
-^^9.154.360'

4,

'^^Ipo.ooo

•-

239,700,000

56,038,534

5.7

66,609,488

4,987,208

1,071.314

988 393

+- 8.4

1,139,861

699,442

4,870,640-

4,610,495

1,110,043

915,483

+ 21.3

...-V 825,938

"806,914

18,402,566,210

7, 165,812,138

6,208,244,515

+15.4

4,641,710,877

3,527,850,865

48,523,498

16.406,776

13,769,654

+ 19.2

10,969,883

388,744

25,652,602

8.736,701

10,610,875

—17.7

5,238,895

4,745,03*

7,195,272

6,100,372

23,293.346,266:

+12.9

54,364,557

+ 27.8

29,739,742

;

53,011,703

.

+

:

"--

'

5,091,187

8,131,547

6,859,171

+ 18.6

5,403,385

44,775,571

38,618,819

+15.9

29,932,204

^

2,818,716

2,020,549

+ 39.5

1,841,939

1,651,748

655,393

392,369

+ 67.0

296,170

275,865

125,309,951

+ 12.8

-,115,556,340

113,819,995

32,183,000

26,382,869

+ 22.0

21,584,284

17,332,396

141,280,412

185,085,931

7.4

172,546,205

154,675,303

45,821,522

38,823,874

+ 18.0

36,303,357

25,544,422

198,740,433

-5,653,581

4,413,615

+ 28.1

4,632,329

34.484,352.530

29,777.894.606

+-15.8

24.071.428.326

7,349,067,831

6,368,063,721

+ 15.4

4,798,507,833

3,644,702,017

'

J.—Montclair

24,984,643

J

8,349,056

..

7,861,513

Northern

N.

J.

Oranges

■

(M

cities).




+

6.2

.....

'

"

Newark

Total

5(520,694

+ 85.4

5,967,071

~.

*

1 31,865,7801

,

5,679,275

2.564.767^

.;

Utlca

Conn.—Stamford
N.

;

$

Dec. %

.

——16
—-14
___.11

—16

1943

1944

Inc. or

1945

$
2,197,198,857
34,484,352,530

'"
"

—14

Chicago

12th San

875

%

23,243;
2,013

1,920,225,418
29,777,894,606
3,063,609,176
2,897,164,901
1,358,575,283
2,059,543,518
4,576,399,123
1,445,350,583
980,355,044
1,758,337,251
1,345,154,060
2,490,983,101

~

_

St.

11th Dallas

1,004

•

Cleveland-

Louis Reserve District of 8.0% and

'

•

1,042

Kansas City

•"Reserve District has to its credit a

1946
.

Cleveland

8th

14,067
-1,451

1,128

650 +

719

0.8%, in the Richmond Reserve District by 12.5% and
in the Atlanta Reserve District by ?.1%.
The Chicago

181

285

i._—.™-

Atlanta

District of 11.2%. In
totals are larger by

179

Richmond

6th

the Boston Reserve District of 14,4%

and in the Philadelphia! Reserve

the Cleveland Reserve District the

117

______——_____14 cities

4th

expan¬

340

Philadelphia

5th

1939

2,039

551

'

576

v

1,184

1,341

765 /

_

sion of 15,8%, in
*

In the

an

128

Distritjtii

New York

totals show

New York Reserve District the

387

26,712 24,730 22,805

Boston

clearing houses of 12.4%,

aggregate of clearings having, beCn $60,322,-

211

all- 60,322 53,673

7th

1940

1,38S

2,504
i 642

758

Pittsburgh-

6,190

of the clearings for

For that month there was an

240

•

87

—

10th Kansas City

1941

2,517'

1,605 < 1,435

3,261

96,772,642
362,259,109

142

389

153

1946

,r

393

269

_

City

9th

16,937 ^ 14,685
1,854% 1,539

18,402

Philadelphia

Detroit

102

130

195

172

204

129

1st

CITIES IN JANUARY

1942'-

Boston

Orleans

120

216

250

3d.

% $

York- 33,610 28,943 23,293
2,068
2,350
2,622
Chicago •__

+

>

470,197 and the 1945; aggregate $53,673,592,064.

89

126

the

132

%

2d

18,032,142

17,811,394

$

New

N.

99

158

Month of January—,

YEARS

1943

1944

1S45

1946

Minneapolis

104

175

144

Yederal Reserve

-Month of January

$

Baltimore

122

226

272

No. Shares. No. Shares

No. Shares

BANIC CLEARINGS AT LEADING

Ban

142
239

214

_

Out. N.Y.C.

clearings at leading cities of the
country for the month of January in each of the last
ipight years is shown in the subjoined statement:

Bt.

168

161

1943

1944

1945

No. Shares

51,510,197

,

46

291

^January.

increase for the entire body of

131

54

the month of

152

133

-

58

70

63

77

143

334

Total

The course of bank

(000,000

85

164

205
,

•244-

Paul—.,

Tot. 27 cities 54,132

months of 1943

:

following:

1946

'
/

omitted)

$

share properties on the

New York Stock Exchange for the 12

•Month of

1939

$

1

Other cities

to 1946 is indicated in the

,

315,444,064
438,507,743
248,264,255
134,890,653
238,076333

10,678,782,602

168

Hartford

$302,816,600

$337,114,250

,

227,235,876

-

+ 18.2

144,277,347
482,925,467

'288

Seattle

250,700

•

-

1,052,350

788,400

$186,923,300 $341,960,100

i_

:

162,997,001

27.1

199

Salt L.

The volume of transactions in

.439,812,870

,

262,246,290
114,400,969
390,177,307

+

-

284

___

Richmond

..

1,059,500

—

263,423,874

+31.9

"

,

17.9-

1940

272

374

Memphis

..

+ 13.5

,4

196,439,116

1941

-

$

$

St.

$290,890,400

8,806,300

•

-

+15.1

+

627,753,743
280,380,452

$

1942

1943

1944

$

Providence.

,

10,121,400

7.9

-506,248,114

454,166,323

12,291,875,572

'

bonds

/

1945

$

Ind'polis

Foreign govern't

342,673,669

3,644,702,017

265,724,225
400,087,055
468,376,005

We also furnish today a summary
1946

Denver

JJ. S. government

-:

507,508,346

0.5

—

419,619,922

Milwaukee-

Railroad & misc.

$175,742,400 $332,365,400

\

,

'

.+15.0

.

282,594,770

Buffalo

c■"/ - Bonds■ 4bonds

+15.4

Y

570,730,408

City

Louisville-

1943

1944

38,995,195

51,510,197

shares

374,833,976
4,798,507,833

,

1943

',-V

$

+

110 cities

—.___

Y.

'.

;"

'M

:;-;/:l944;

+25.6

6,368,063,721
643,608,304
585,971,494

183,349,164

Omaha

1946 are given below:

1945

1946

:

or

274,935,600

u

10

;;

.

$

-Month of January-

Description—
Stock, number of

Inc.

-

372,212.666

(000,000

on

-

-

Dec. %

323,974,962

6"

Total

5.4

+

results for January in 1943 to

1945

-VV-V-'

.5,126,063,434

City___—___

11th Dallas'

monthly detailed statement of

Our usual

'

%

i

318,379,350
259.104,423

■'

"
"

-7

__

$

CLEARINGS

OF BANK

583,210,077
320,756,495
452,746,840
722,760,103

"

6

^

10

—

1,895,202,876

$10,753,112,850

a

5.8

1,792,185,475

Total all cities for week

"

.

7th Chicago
8th St. Louis___,

-H*

\

'<••

"

10

;

6th Atlanta

13.5

+

1,767,039,450

day

one

-a

.

a

.467,687,960
7,349,067,831
740,107,959

„12 cities

+ 5th Richmond

4.1

$8,466,203,138 '

-

.

.—

and*in the Philadelphia Reserve Dis¬
The Cleveland Reserve District suffers
loss of 0.5 % but the "Richmond Reserve District enjoys

15.0%.*

The

1946

'

4th Cleveland

14.1

$6,908,810,728

'

improvement of 15.4%, in the Boston Reserve

by Federal Reserve Districts:

a summary

/'

an

District of 25.6%

are

furnish

we

12th San: Francisco_A

.

show

14.7%, the bank clearings at

of

Week Ended Feb. 9

2d

—13.5

$8,960,927,375

Tot. all cities, five days

we

Federal Reserve Districts

0.7

143,699,837

days— '

cities, five

Other

>

1.5

+

$7,193,887,925

"■

Baltimore

following

3d

141,900,000
237,998,000

157,920,851

—

not avail¬

are

Accordingly, in the above

SUMMARY

7.0

165,511,632

Pittsburgh,

increase

an

In the

0.4

144,000,000

-/■

Francisco

much as the week

-v

239,682,000

Bt. Louis—
Bah

*»

was

0.7

—

-.?.(• ^:•>

as

15.1%, the aggregate of clearings for the whole coun¬

6.0

+

$4,904,001,204

New York

Chicago—

present further below

there

Cent

;

today, in

Saturday figures

try having amounted to $12,291,875,572, against $10,678,782,602 in the same week in 1945.
Outside of this city

Per

;

1945

',V

We cannot furnish them

the cities

in ouf issue of next week/

appear

ends Saturday and the

we

week
comparative summary for

1945.

the foregoing will

+

v(;
•

4,090,292

19.070.129.011

■'

l:

:

Volume

;

1945.

1946

Clearings at—

+ 37.0

4,005,132

1—13.6 '

16,568,75?
X-a.

——-

Lebanon-

-

Korristown
-

,

/Philadelphia'
Beading

«.

/"/
' • Z"

Scranion

Wilkes-Barre
Du

—w

—

Fourth Federal

Cincinnati

-

:i:

,

Hamilton
Lorain
Mansfield

Newark

•

Toledo

14,779,-439•

Fifth federal

Reserve

Richmond
C.—Charleston
Columbia

Md.—Baltimore

>».—Atlanta

Tampa

.

——

Wayne

—

Bend

—

Haute

+ 48.3

192,895,207

196,480,872

583,210,077

585,971,494

0.5

454,166,323

439,812,870

10,961+98

12,981,801
17,545,863

a

7,283,756

2,402+31,350

297,227,173
10,267+20
13,337,627

82,397,600

6,766,000
76,203,039

2+10,275

2,502,988

+ 12.3

2,420,613

1,945,055

570,649,54^

172,55*6,480

150+54,479

137+6^468

120,258,829

53+94,167

50,695,016

42,184,217

34,480,302

320,756,495

282,594,770

265,724,225

227,235,876

9,599,536

-

173,124,160

^

2,147,590
153,183,173

2+22+57

.

'

:

4,363,141

.

1,203,909,501

:

1+76,583,868

/

208,124,077
16,183,939
238,759,152
20+26,560

+ 22.9

//

0+

+

;

W12.9

"■

4.0

+

,

;

176,923,430
11+58,429

,

•

•

365,596,523

7.1

1,732,049,950

*140.3

26,580,403
4,780,388
:-I 16,056,380

+17.7

52,016,797

47,147,199

2,050,162
39,374,276

'/ I

60,103,700

51+77*385

35+9*5*923

;

5,149,110

4,914,786

5,505,353

/

'

5,196,268

304,346
95,236,896

78,731,612

400,087,055

315,444,064

•

260,362

+

36.3

>v: 86,979,738

+

10.6

452,746,840

419,619,922

+

7.9

913,587

702,936

354,790

'

96,175,286 '

.

4,489,350
14,767,081

+ 10.3
+ 19.8

24,688,558

;;

+

15,499,008
47,932,513

+

2,979,994

Bloomingtoa—.
/

35,012*197

142,442,137. '
*2,438,760

2,892,447

65,286,834
•

+

39.8

+ 11.6
-

725,915

960,097

1,200.654

1,006,745

4,643,659,014

4,576,399,123

+22.9

27,083+07

25+31,916

—10.5

+ 38.1

Lout# /■ .i.X:,...,.,—*—***>***.";/'/-J»

Si Cane Girardeau;

9,742,006

>T

883,524

571,214
493,592,159

7

4.4Q

i+4i.l(. s1

1,733,789

2,507,732

/few

367,476,607
■1,229,371
/ :

4,497,838

1,599,367

1,522,201

'

Independence /
ty .—Louisville
rern.^—Memphis

————-

+399,981,260

3,757,881,944

722,760,103

627,753,743

+

15.1

468,376,005

438,507,743

642,913,423

176,200,000

156,300,000

+

12.7

158,300+00

134,400+00

85,633,380

30,598,935

+

6.2

59,291,576

72+61,780

55,301,383

42,459,274

+ 30.2

44,980,298

40,407,475

.//17244,58?

y? I,*022+43

♦

S,843,700

///

4,563,091

+

27.1

878,588

'-840,761

398,589,747

,1

379,442,629

+

293,104,666

+

5.0
11.9

324+55,231

240,525,913

211,732,146

179,408,101

+

35.4

.+

I8.S

/

1,127,207

•

T"

946,532

n».—Jacksonvllie

ijuvney

758,664,319

269,135,691

>/

/

—————

——•

886,807

:<

699,190
.4,423,983
... -

5,248,384

—

1,445,350,583 i

1,561,206,449

Total (7 cities).

/

/ - 374,443
346,651,967
1,106,723
3,954+62
1,674,226
"
1,476+93

■791,488

8.2

+

1,503,596
11,654,705
5,498+77

897,085

T,

—

7+36,367

7,824,256

:

436+75

6,673,434
2,102,330
2,087,549

7,790,885
3,172,118

8,339,863.

j'/--. 8,254,520

+.T.S

811,535,694

878.334,632.,

——

'

12,408,722
0,200,802

Federal Reserve District—SL

*fteatb
tla-—St.

:

1+15,912

+17.0

7,606,346

563,781,862
2,154,300

6,207,135

V 7,856,022
25,702,931

24.6

,

7,121,710

2,861,521
16,904,777

21,641,929

2.2

+

8,807,262

7,248,448

2,561,063
19,784,698
10,508,568

1,919,687
1,809,538,001

^

10,249,767

4,302,785

9.1

—

v

'

-+16.4.
+ 19.3

2,913,938

+14+

3,480,397

2,671,949

+

+20.9

20,687+00

853.791

3,307,848
2,429,920
2,068,462,598

:

2,200,459

2,283,410
23,691,000

,

2,157,562

32,443,659

+15.5

32,784,396
10,124,513

vJ

-

+51.9
+ 10.8

2,499+94

'

53,267,135
25,779,197

:

.3,712,069

/

4,079,893

+30.1

'

Total (31 cities).

42+89*948

-

7,515,612

2,350,639,150
: >
8,750,645

12,641,215 i

•Sterling*—;;..—

11,529,377

10,195,311

950,923
3,596,160
2,627,142

33,506,760

Serine field

10,483,689

•-C

2,414,793

8,649,161

+11.4

/

10,580,207

-

—.

;

4,547,45?
828,663
2,687,046

—

32,850,695

;

2,622,871.906

Peoria

37+1+000
3,967,408

+ 25.1

71,448,698

3,985,724
3,672,828 ;

Chicagd
Decatur/

~+n+

10,582,975

,

—-

\

3,180,217
29,907+00

9,820,246
168,226,242

20.9'

12
+ 38.1
+ 30.6

2,544,108

.

11,788,512
92,986,215. 37,947,727
1,444,725;

———.

3^557*244

21,967,665
124,523,257
14,040,301

4,152,420

*'-*/:

37,937,015

+

818,092

2,424,509

City;

—16.5

4.7

"1,068,602

Moines

■'

446,569
/+'-

or/

+ 24.0

4,382,065

35,578,023

tl;

+ 18.3
■:

-

4,736,158

6,542,793

*

129,282,689
16,760,536

8.0

—

5,424,435

3,660*824

6,030,543 X:
3,712,799
12,792,638

14,437,429

11.5

+

144,402,837

6^728^634

4,089,346
•

613,245

+ 30,9.

14,419,496

4,654,798

—

25,684,438

3,015,682 /
....

Rockforrd

+ 17.7
6.1

'+V17.2

8,431,833

207,658'

XiUl,

20,565,344
:

,

/'

—a

7,802,821 '

24,187,186
5,163,878
18,354,772
7,806,038

+ 17.5

110,800,000

2,139,896

.2,503,721
1,381,027,787.

7^36,050

-

•

2,445,403

63+55,456
/

1,459,677,597

v

"

+ 27.6

'

+

6+78,831
34,460,353

10,724,916

^^■,j

331.615,258

2,615,217
1,684,575,154

199,565,678&

142,200,000

vV

018,516

;

.

3,460,000

1,307,608,500

A

v

395,524

5,016,000

8.0-

+

.

1,124,685,566

-

318,379,350

-

+

+

280,380,452'

217;13.5

!

*852+00

"*5*95*000

263,423+74

248,264,255

-

Y

Vinth

Federal Reserve District—Minneapolis—.
neapoffs^ .

IfJnn.—Duluth.

,

875,697+82

''

*16,757,741

20,484,377

-

Minneapolis

Rochester

■

T!

17,524,393

+22.2

Z +-33.2 ?
?
657,520,206 ;
2,471,924
/: / +36.7 "
+ 14.3 ?••'■•••/
214,006,234/?;

.

i;,,V Bt. Paul
/

W

-

Winona

Fergus

3,379,525
244,657,735 X';:

—

.

*

' •'

Falls
■
■

D—Aberdeen
Pioux

Falls

;

Helena

?

:

/

Z -s
r'

z

+18.9

.
'

+ 12.7

17,070,775
2,916,000 / v

'

2,578,562 •

2,661,000

10.9

/+/./;

"2,597,816
6,347,239

V

12,410,374
/-

■■■

13,378+39

:

+ 28.3

14,742,855
/"r-

—

_i_.

2,865,482

2,370,244

1*51*8,409

1,273,431/

1+85,951

893,696

:

1,432,000

9.2

.

+ 26.1

1,768+52

;

1,396,629

■'i

4,723,641

.

1,642+00

A'-

(16 cities)




?

+19.2

1,242,771

.

776,463

.r

+ 32.6

'

7,482,404-

5,358,065

2+25*837 ?V J

4,056,461

30.6

7,027,868

5,562,044

+

-

+

541,302

10.8

+

24,570,111

43.4

22,448,937
•

464,167

5,9*76*515 %?

20,615+43

,

/

1,248,030,514//

■

.a.

980,355+44

+
i

r

i- '/I

27.3

?

•

937,540,388

346+85

4,6*9*6*529

599.0

1,129,576

787+79

~+27*5

3,*73*7*575

3,976,529

+

370,593

'

Total

.

13,200,654
*

Lewistown

3.481,788

90,935+00

'

.'"/+

,

.

6,790,634

9+01,585

9,771,633
27,233,378

Falls

3+6*1+79

500,358

14,971,357

'.

+ -9.4
+

7,790.277

41.767,445

32,6*48^28

;

1,850,574

,

•

51,807,12?

172.146,951

2,536,028
V 521,702

'

•

43+3*7*819

190,136,463

1,683,459

210,063,389

0.6

+

.

3,538,933
141,334,105

4,178,493'?:

480,513,787
v

'

16+93,258
2,229+84

Huron

Uont.—Billings
Great

/

2+59,365
9,992,093

Mi not. —*

1

2,764,266
582+81

;

3,189.000 '

2,532,792

3,279+7?

3,452,201
107,388,397

16,066,540

.

621,465,596

-

-

2,781,631
692,946

19,238,579

D..—Fargo

Grand, Forks

.

'-Vtf

-■

■

v'

/

11,909,000

'

.

,+ 31

+31.1

—

42,842,253

5.8

2,393,871

3,202,636
1+87+75

—2Q.4

——

3.6

•

1,988,294

■

21,385,554?
6,935,250

''

7,867,804

:

».l

+

+

v

152,400,000

2,457,018

yv-•

172+87,512

10,784,067

x;

—

42,745,449

:

2,267,939
62,015,459

8,519,193

1,523,164

5.3

+

A

+ 13.5

3,136,107

,

2+83+79

+ 30.6

53?-

6,213,000
63,447,247

8,898,215

13,704,495

+ 21.8

+ 15.4

15,519,454

44,280,768
161,200+00

9,464,732
/*

8,451,105
12,493,000

891,443
'

14,264,767

41,995,946

7,820,106

—23.1:

:

'

V.887+88

+ 12.0

12.5

10,972,248
& 168,709,417

——

QL—Aurora

-

9,1

944,281
961,759,352

+ 36.2

+35.7
+

14,132+00

/;/13,260,095/?

la.—Cedar Rapids.

•r- •-

244,212,133

1,384,918

,

9,178,199

47,413,431::;/

Manitowoc

j

221,974,715

32,923,697

'

598,800,000
10,160,695

-16,732,194
/,

water

;

1,887,423
2,987,731

1,448,888

9.0

.

.

<m*i> ******

Milwaukee

r '

3,003,899

6,269+00
71,424,399

:

6.4

+

z
2,860,441
1,532,117,321

18,895,821/
7,915,677 i
5,263,673
■
16,282,417
-!:■■■•
30,782,261
161,071,703

—

r immtu

Ames

2,542,604
3,229,599

2,143,937

4,558,076

7+24,000

+ 10+.

2,059,543,518

=

-—-—

Sheboygan

t

;
,

4,014,132

5,618,026

City

8louX:

:

,

!£*:* ,31,283,289

Indianapolis

+

3,127,680

S,917,716

1,973,973

2*

+

1,411,199
434,269,509

vv-

—

Terre

Des

8,411+42
14+99,853

650,505,381

+12.3 :

21,524,905
3,345+81

*1,219,322,000
10,310,788 f

Oshkosh

)

11,450,600

25,408,000

5.4

:

2,206,532,413

Arbor

South

'

-<

13,265,000

Federal Reserve

STis.—Madison
f

31.8

27,059,000
328,309,537

■'

+

1,486,503
447,517+61

(16 Cities)

Ind.—Ft.

'

+

13,908,720

0.9

+

+11.6

265,447,975
23,800,726
9+83+62

//

10,588,729
14,702,000

t

Orleans

Lansing

'

15,808,900

1,109,429

5,381,110

+ 37.3

+

4,369,318

Muskegon

v-r

20,831,800

3,452,912

2,754,793,159

250,727,626
19+15,365

'

20,728,946

Grand Rapids

'

0+

10+71,319
9,752,356

:/19,133,944//"''
289.966,877
1

Jackson

■

141,551,620

-

22+38,074
10,571,429

12,498,496

26,217,699

deventh

+■ "•

6.6

+

726+00+00:

.

/

308,044,594

Detroit

Oary

82,887,333

153,263,908

139,411,300

«

141 ch —Ann

Bay

3,213,773
86,380,601

5.0

503,100,000

Vicksburg

f

1.9

+

48,365,773

-

Flint

+

192,575,922

4,078,552

.

169,179,283

Jackson

>

+

124,121,527

14,534,943

28.7.

2,567,291

3,480,809

126,506,619

202,132,635

12,728,282

+10.8

7,497,600

/ Montgomery —
Iliss.—HatSiesburg

Total

-v'

;

+

189,877,446

•11,800,000

-

La.—New

17.2

:

431,319,539

•819,822,811

—16+

-——.

Meridian

3,306,100

506,246,114

+

60,184.200

;

38+75,534
1,481,808
1,252,697
1,087,779,720
13,587,536

+

1,358,575,283

765,000,000

41a.—Birmingham
Mobile

5,200,800

69.397,265

—

1,479,470

507,508,346

187,765,834

—

1,357,430

:/

1.8

15.0

57+53,164

Fla.—Jacksonville

/

+

131.7

207,998,368

——

Macon

1,810,142

+

7,295,024

.

/

•

.

13,626,810

Augusta
Columbus

26.3

+

719,513,656
2,033,743

237,680,198

^

■

3+57,206
1,441,496
'.:'-•'8,878,945
14,599.444

5.1

—

18,219,764

3,015,370

renn,—Knoxville
Nashville

1,843,43Q

/;

1,044,332
2,095,259
1,099,503

3,461,100

78,166,500
!•:

i+: ■

,+

11,762,036

1,528,560,749

Total (8 cities).

+ 51.8

494,000,000

919,429
2,083,178
1,304,657

643,608,304

v

■

•

+ 38.9

379,911,448
6

765,866,818

—.

——,

1,295,985

7.9

"

21,665,305

Cfc^-Washingtoa

D

31.9

-

Z+25.3''?/:

6,242.190

•

Frederick

45.4

+

;

10.4

+

31,015,000

—

—

1,966,679

493,000,000
//
,/

+ 34.7

'

8,568,075

-----

+

8,020,000

;

933,988,394

District—Richmond—
33,144,000
426,534,856
12,086,127

t? V*,—Kutttingtotr

■

9.9

+

2,897,164,901

2,920,537,310

/a.—Norfolk
.

-

25,248,887

TetaVvtlt«ilfes£

3,170,300

740,107,959

:■

498,953,128

1

+16.0

*
—

+ 14.3

% 1,423,528

2)606,819,223

17+91,281
'

:

:

—25.8

15,719,073

+-

Cy.—Lexington•:

i

+

831,052
1,123,666,288
U
11,930,340
17,406,097
23,695,759
11,479,503

15,069,178

W. V*.—Wheeling

;

>;/

2.8

,

.

.

1,066,763,878

———.

—

Oil City

;

?

4.5

+

1,590,563

Grecnsburg

Pittsburgh

628,000,000

1,917,037
3,422,371

•:

19,969,971

2,881,729,247

+

1,844,651

——

1,416" 483,

.397+67'

17,241,100

/

25,673,800

11.2'3.-

616,614

Co. '■

Pa.—Beaver

1,*485)247

995,369

'

2,670,563

22,592,315

•

8.3

+ 11.1

'

,

.

12,107,406
44,124,276

————

"+42+

718,000,000

8,853,277
723,556

'!

794,408

3,116,333

+ 24.3 r;

+

1+15*465

—

,

19,579,598

-——

'

+ 47.8

+

644,884

5,545,481

8,671,388

34.0 j

'

* ::'
18,222,668
551,577,962
977,509,393
.
76,359,900
3,507,293
:
1,613,118
10,022,060
: 15,621,749
8,716,226
.,
43,414,930

13,215,005

—-

-

Youngstown

f

20.7

+

991,249

2+93*255

10,904,454

6,221,879

+

-768,042
3,679,916

.

i '

,

1,004,942,428
83,903,800
3,873,580
2,345,265

Cleveland
Columbus

7,159,501
11,863,891'.

s

411,531

521,472

1,239,469
813,560

2,223,373

2,504,000,000
5,743,777

-

3.063,609,176

20,239,481
576,164,751-

.

——.

■;

2,759.000,000"

!

+ 33.7

• 24,411,288
V 18,887,400

'

Wstrlet-—Cleveland—•

Reserve

+10.8
'

8,199,869

"

s'

3,407,121,461

—.

2,690,838

+ 29.5

5,439,704

Total H6 cities),

+ 30.8

+15.2

;

.

30,343,255
20,448,000

———

jhio—CanKm /-

1943

2,194,204

2,361,820'

6,450,980

1,029,018,

-

Hazleton

Del.—Whmtngton

1944

•.

5.4

12,149,468
6,390,242

+ 39.2

.

.

0,898,895
••

13,107,815
6,929,748

40.2

+

13,619,350

15,692,160.
8,351,488

«. J.—Trenton—'

Erie

■

.

—*

Bdls

;

,

..V'W'

+ 31.4

578,755

814,648

769,828

>

2,142,550

+ 28.6

7,470,778
2+13,161
2,837,541.

'

3,261,000+00/ 2+44+00+00/
•' 10,360,452
; •;•/ 7,750.782'

*—*•«.

//York

',

10,472,594
3,499,044
3,711,249

'

—+

3,398,561
12,888,808

3,309,908

/

HfcrmDtlfg
Lancaster

Inc. or
Dec. %

—34.3

760,711

-

4,183,016

./•■

4.580,126

/? 4,415,618

i

2.6

—

1,884,189

2,549,767

2,727,568

3,298,999

——

.

" Chester'r

■

?/V-

$

/ 8

—3,737,943

-«

Bethlehem
;:

1945

1946

1943

1944

Inc. or
Dec. %

District—Philadelphia-*

Third Federal Reserve

PhJ^-Altdfltta .——I

-Week Ended Feb. 9-

Month of January-

„

$

8

939

CHRONICLE

THE COMMERCIAL & FINANCIAL

Number 4465

163

259,104,423

737,772,679

'; V; -i"

f

•.

'

ypt.

196,439,116

+ 31.9

162,997+01

134,390,653

THE COMMERCIAL & FINANCIAL CHRONICLE

940
1946

1945

S

$

Clearings at—

•

1944

—

Omaha

-Week Ended Feb. 9-

1943

M 1946

$

'

v

;
1

i/^r;T4,922,893
36,623,470

Mo.—Joplln
Kansas City
Bt. Joseph
;>Carthage —
Okla.—Tulsa
Colo.—Colorado Springs

v

CX?

:U-+

$

;

Inc.

ifs :

1944

or

Dec. ^

.v;

•

.

..

1943

.

$

t

$

*:<

1,758,337,251

i

; 4,399,507

••3,138,008

+ 23.0

60,004,429

52,862,123

4,368,640

2/499,030

+ 74.8

2,795,691

2,680,075

9,224,346

6,955,277

+ 32.6

6,936,491

5,589,191

208~31~0,509

182.T4~3.401

"+~14.0

118^11,210

16M7~4~4i7

7,691,349

;; 6,276,596

+ 22.5

+ 98.0

247,943

■>

j

•

v.

732,045,447

;'

26,092,024

/

46,185,052
4,042,260

•/'!

7,598,720

5,235,284

1,095,614

250,748,210

1,652,318

3,928,318

'V

1,086,883

+ 52.0

1,088,475

943,569

1,475~707

'

204,554,006';. 1

r

4,037,728

WwaSo

+ 46.4

786,671

683*888

+ 17.8

262.246,290

1,347,677,696

323,974,962

274,935,600

7:

5.143,335

2,721,332

150,*467/000

116,843,000

15,040,431
.3,848,000

13,1)33*53 6
3,278,000

+17.4

2,099,538

% 1,694,527

"+23.9

1,270,666

1,043,839

6,~750~860

5,806,952

+ 16.3

5,351,609

4,2171899

183,349,164

144,277,347

+ 27.1

114,400,969

96,772,642

88,754,153
3,247,512

82,356,341

285.197,731

>

:

/

340,804,875
5,809,178
6,881,205
1,900,000

1,620,111,529

.

4-13.6

69,824,486

/

3,257,283

*

':■%

•,

10.6

+

*225,000

.4,095,814

12,998,220

35,033,084

/"

J. 167,988
:
301,790

'4,653,277

23,301,619

1,572,022
52,435,000
4,610,983

\

,

+ 22.6
/+ + 30.0

,

.

-

:•:•//•

7.8

+66.8

4,554,601
:

l

+. 9.2

taX: 272,914,142

1,945,425,752

3,886,362
851,621,875

.

169,093

-

85,872,958

■

389^73 ~?M

39,206,346

+26.8.

974.773 ;/s

/'•;:
;v'

13,969,376

8.9 *

-r-

f/:,

221.017

,

}'M 445,599

14,9*53.403

/*...•/

—17.6

.

•,:.!

•

4,534,639 :

334,715,734

Total (15 cities).—

1945

280,259

+J'

.:r/272,039,731

-

+ 48.4

1,689,034 /:/

>/•• 5,919,587

Denver

Pueblo

—22.6

i;+. 4.0

.

32,079,585

i-

//!/•.:':.g8,639,868

19,899,294

—33.4

.

819,474

339,653,782
1,144,650
1,300,446

+10.6

:

3,727,380
957,721,497

K

992.371

+25.3.,

•M$£-l,562,830

11,545,907

38,091,819
5,530,988
1,042,313,453
35,036,621
1,392,500
7
63,298.017
7,589,648

—

:

1,209,004

'•'

■M.JL,040,132

—a.

Topeka—

,,$

.

"+™15~1. 'I'

18,556,317
338.609,623

•;<..

1,515,103

Kans.—Manhattan.

1946

'

21,359/268
374,336,353

Lincoln

72,123,757

74,822,900

30,305,086

26,333,924

8,319,022

12,761,715

—34.8

8,923,925

6,929,173

5,742,629

238,076,332

Reserve

Federal

eleventh

-

+ 27.6

972,368

1,240,617

Hastings.

Wichita

•

District—Kansas City—

Reserve

Neb.—Fremont

Parsons

or

Dec. %

Month of January

Federal

Tenth

inc.

7„".

Monday,' February-18,

•

16,539,424

+ 35.6

10,797,806

8,589,256

11,603,375

—20.3

704,673,560

Texas—Austin

22,435,621
9,247,432

617,638,439

+ 14.1

8,989,162
482.244,050

410,975,976

—

Beaumont

Dallas

——-—

Galveston

;v;
'•v

14,174,000

581,853,946
*4,151,479

520,859,352

/

3,856,248

//

Ida.—Boise

Ore.—Eugene

-

'/

14,195,512
17,399,904

.

.

11,628,000
.364,984,351

.

2,474,565

.

<

-

/

/:

:

'

920,928,280

-

+ 28.6

1,985,520

7.9

.+

'

91,58+000

77,059~046

10,0691338

10,907.629

.3,812,500

.

:

2,397,000

;

,

3,238,649
4,966,725
2,320,147
21,189,936

.

'
•

'•

37,712,939

-.
"

—

'

46,794,702

'

11.848,085
30,011.946

8,602.298

1,478,643.389

1,341,396,843

34,793,181
13,769,204
27,472,107

11,036,082
27,510,921

Jose

Barbara

Stockton

2,656,090,143

Outside New York.

26,712,463,21?

•24,730,440,007

13,924,282

+ 24.8

8,378,883

0.1

19,722,394

17,999,486

+

1,184,683,074

+16.0

•53,673,592,064

21,832,015

i

5,924,937

8,811,273

v

;

19,£163,956

•:

8,736,052

20.7

3,820,902

+

3,037,391

214,818,251

?

3,706,079

48.7,.

197,631941
4,279,547

1,418,401
4,311,764

-

,

3,353,177

'

2,963,578

+ 48.9.

1,989,828

6,305,854

> 5,003,986

6.6

2,241,461,686

1,932,796,857

570,730,408

38,101,645,510

12,291,875,572

22,805,561,168

19,699,079,300

5,126,063,434

+18.2

10,678,782,602

8.0

+26.0

482,925,467

46,098.907,434

4,470,538,087

+

;

+

+ 29.1

265,684,000

342,965,000

;

+12.4

'■

52,821,544

;

/

'< 5,942.482

6,157,154

—

2,490,983,101

60,322,470,197

(19 cities)

/;

20,413,038

+10.2

:

22,454,033

A

13,452,988
30,052,909

4,581,263
1,020,461,784
18,788,370
5,485,437

V.

59,14i;i07

'

9,172,317
'

+ 19,7 :

-•§;+14.7
.

3.6

+ 15.1

—

'

26.0

+

1,193,215

6,987.034

42,753,218

;.

70,328,299

1,652,884

.

'

•

.

69,929,891

40.9

+

8,067,401

11,653,183
15,973,566

—19,4

:

+ ,7.8

;

2,305,207
•■

.117,830.982
25.806,344

39,813,996

5.2

+

30,003,321

Grand Total {184 citiesi.

'314,321,556
6,965,176
128,828,821:

'+17:7

7,499,059

Francisco

1.2

15.5;;,:

+

'

25,081,685

Riverside

2,909,000

7.9

+

9,400,037

Pasadena

,

+.25.1

13,488,790
14,784,630

.

8,025,593
8,411,577

+ 32.5
•

2,823,106

3,714,247
387,732,878

27.4

+15.4

-

39,990.080
/

Modesto

Total

-

1,077,239,077

+16.8 /
+

8,205,236

46,205,430

—

Berkeley-

Santa

•

6,155,137
2,591,159;

21,745,978

^1.1

142,208,394 ;

153,437,880

Calif.—Bakersfleld

San

^

+13.3

348,879,333

10,261,021

San

7.4
_

•

11,975,444 "
11,497,784
3,591,000

344,708,"357

Portland

Utah—Ogden

Beach

41.6

+12.7

!

393,934,300

•

-

4.757,000

'

City

/

j

'

•

.

3,765,460

•4,326,562

15,251,493
13,272,466

Ariz.—Phoenix

+
+

•

7.-7

"

27,671,967

1,345,154,060

389,421,-369
—

Lake

+

»' \ 37,040,794
^'/47,293,181^/

,

14,270,000'U
424,536,558
4,284,379

Vr;

>

Dlstriot—San

Seattle
Yakima

>

{

89.0;'

8,701,265

..-<44,207,102'
37,417,746 >

+21.3"-/
+11.7
;

-

'

3,320,712XX'
/

1,523,705,005

(11 Cities)

Wash.—Bellingham

Long

"

•

.31,193,111

Twelfth Federal Reserve

Salt

•?/'-!7,534,063

3,565,887

Texarkana

L«.—Shreveport
Total

■

'10,669,610

Falls

Wichita

•'•.:'i+*'i0.4- "

17,187,000

Arthur

+17.9-/;,::

•

67,640,149

—:«

Houston
Port

'

54,316,331

74,682.501

Worth

Ft.

■I--

64,044,858

Paso

El

+

_

390,177,307

r.

+15.1

,

907.987

14.7

362,259,109

8,462,449,204

3,820,738,327

+

/

,

6,994,885,345
3,467,034,480-

*

*Estiinated.

/ / Company and Issue—

Exchange

1st

tifying daily to the
world.
We give below

RATES

CERTIFIED BY FEDERAL RES
.FEB. 8, .1946 TO FEB.

"

•

Argentina, peso—

/

'

,

'

Official

$1
preferred 6tock———.Mar
Wheeling Steel Corp., 1st mtge. 3 Vis, ser. C, due 1970„Mar

Free.,

;

.a-~

pound.—.
Belgium, franc—

v

/' 7

~

Brazil, cruzeiro-r»

t

.251247*

,

t i,

,022845

-

;

:

3.214113

2

.022345

.909090

Colombia, peso..
Denmark, krone—

„

'

(British),

Mexico,

'

.208766

4.033750

,008410

.008410

.301215

301215

.205800

4.033750

.008410

U—r

—7

lupee

,301215

.301215

•

/

'

:

•

„

.205800

.205816

.205816

guilder.

;

.008410-

V

-

.

'"

.379324

.379324

379324

.379324

,

Newfoundland, dollar—
.909090

'
■

.909090

'^4-——

Official.
Free

.909030

,

•

New

Zealand,

Portugal, escudo————————

,040501

—L—

—a

Sweden, krona..

'777

M-i

.233628

Africa, pound—.

of South

Uruguay,

.

MX-'.

4.005000

peso—

.

>

.238520

...

Switzerland, franc
Union

;

"

.202020

.202020

.040501 .:

.091324

Spain, peseta

1

.202020,7;

.040501

.040501

.091324 7/

.202020

.

3.227000 77

k

Norway, krone

,

.905000

3.227000

3.227000; t/ /

3.227000

pound..

Holiday

.905000

.905000 v;:.

.904375

n

:

.903090,

.

.091324

.238520,

.238520
.233622

.233626
4.005000

/V

1;

.658300*

Controlled

Noncontrolled.

/ / ; '

.562900*

—

...

.658300*
.562900*

Power Co.,

462

-

—

Hinde"& Dauch

.658300*

.658300*

.658300*

.562900*

:

■:#';'••

{§5*12

Electric Si

648

308
775

?■

/

776

i

462

§3071
1

68
463

/

649

778
651

.

•

7

.238520

4.005000

.233628

MMM4.005000>g7l

-

.091324
.

306

—

.208766

4.033750

.208766

.208766

4.033750

peso

Netherlands,

.907500

.569800*

774

:

15

1st mtge.<£srdue 09^1—Anytime
California Electric jijpwer COrfir.
*5
convertible prior preferred stocks
—Mar 5
.907500
;
Canadian Car & Foundry Co., Ltd.—
,
.569800* =
$2.10 participating preference stock.
Feb 18
.208766
Canadian Utilities, Ltd.—
4.033750 • 1
1st mortgage 5s, series A, due 1955.
—_—.—Mar: i
.008410
Carrier Corp., AYa Yc cumul. conv. preferred stock—^.Mar 14
.301215
Columbia Pictures Corp., $2.75 preferred stock
Mar 18
' .205816 fM Commonwealth Edison
Co., 3V/2 ^ debs., due 1958
Mar 9
.379324 ,
Compo Shoe Machinery Corp., conv. preferred stock—_Mar 15
Continental Gas & Electric Corp., 7% prior pref. stock-Apr
1
Consolidated Vultee Aircraft Corp., $1.25 pfd. stock
i .909090
Mar 1
.905003
Cuneo Press, Inc., 4V2'(
preferred stock——
——.Feb 21
3.227000
Dominion Tar & Chemical Co., Ltd., 5V'a'v pref. stock—.Apr
1
.202020
Elastic Stop Nut Corp. of America-—
V
*,.•
.040501
15-year 8% debentures.—
Apr ,15
.091324
Federal Grain, Ltd.—
^
.238520
'1st mortgage 6% bonds, series A, due 1949..*...——Feb 28
.233626
Great Northern Ry.—
4.005000
4Va% gen. mtge. gold bonds, series E, due 1977—July 1, '47
Hampton Co., 7% preferred stock
Mar
1

Butte

<

.90S 090

"

England, pound sterling.—
France (Metropolitan! franc
India

.907500
.569800*

7

646

3

4

^Feb

774

.909090

.569300*

1975———Mar

1

.051802*

.907500

debentures due

Mar

.051802*

.909090

income

3% debentures due 1953
Bowman-Biltmore Hotels Corp.—
hM* debentures, series A, due 1955.—
Binks1 Mfg. Co., 1st mtge. copv. 5V< bonds due *1951

.060602*

Holiday

4Vae,b

1

.■051802*

.906875

646

1646
-

...Mar

.060602*

.569800*

—_—:

:

.022845

.060602*

*;

"

Free.

Armour & Co.,

Atlantic Refining Co.,

.209090

'

i

.251247*

3.214115

.051802*

'//

.051302*

——

.

646

debentures due I960.——
Mar 2
Sinking fund 33/4# debentures due 1970—./.-X-Mar: 2

.297733*

.251247*,

Canada, dollar—
Official———

Page

4

[I. Sinking fund 2%%'. debentures due 1950—J—Mar

', Feb. 14

,

3.214113

.

.022845

>"

,

Feb. 13
.297733*

.251247*

>

.060602*

.060602*

Official
Free

,

i

!

Date

;

,

'

.022845

ENTIRE ISSUES CALLED

.

/Sinking fund 3Va'&

4 /Si:/:-3.214113 ^

3.214113

_•_.

697

698

due

.

Allis-Chalmers Mfg. Co., 4# conv.- preferred ctock——Mar
American Gas ds Electric Co.—
*-

.297733*

.

.251247*

—

—

Australia,

1

1

3^is,

mtge.

1st

Company and Issue— /

Feb. 12

Feb. 11

v

$
■■■■MX.
.297733* •

'

.297733°

■

—

-

/''s

,/ 697,

Light Co.,

OF 1930

ERVB BANK TO TREASURY UNDER TARIFF ACT
14, 1946, INCLUSIVE
7
7:

Feb. 9

Feb. 8

/ 695

1

&

Apr;

Equipment Co.—
cumulative convertible

"

Country and Monetary Unit

t

1968——Mar

Power

Buying Rate for Cable Transfers in New York
Value In United States Money •
-

Noon

Pag*

Corp.—

4Vis, duo 1948-—

mtge.

Utah

of Section 522 of the Tariff Act of 1930, the Federal Reserve

record for the week just passed:

a

EXCHANGE

FOREIGN

Warehousing

Victor

Bank is now cer¬
Secretary of the Treasury the buying rate for cable transfers in the different countries of the

Pursuant to the requirements

'Date

Terminal Refrigerating &

•56290Q*

.562900* /

191

§15X3
780

•

Paper

780

Co., $4 preferred stock——Feb 25
International Furniture Co.— .,
,
5%/convertible debentures/due 1957.._...i.Mar vl
International Power Co., Ltd., :7V> preferred stock.
Mar 1
.

.

652

•

•Nominal

rate.

Company and Issue—
Date
>Page
(Sidney) & Co., Inc., 1% preferred stock—Apr
647:
preferred stock—
ii
—Apr
1 7 §2636
Carolina, Clinchfield & Ohio Ry.—
'
j

Redemption Calls and Sinking Fund

Blumenthal

1st mortgage 4s, series A, due 1965..—/.
Chicago & Western Indiana RR.—

and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
:
preferred

NOTICES OF TENDER

y,
•/

.

Comparand Issue—

Aroostook Valley RR.,
Central Pacific

Ry.,

Heller

E.>

(Walter

■

•

41kV.

Co.,
Macfadden Publications, Inc.—7/
6%
debentures (subordinated)
due

/.

,

Mount

Hope

Oregon RR. & Navigation Co—
'
4% consol. mortgage bonds due 1946
.

Oregon Short Line RR.—
Consol.

7-

Southern

1st

mtge. 5 %

Pacific

<

„Mar i
,.Mar 15

*

Hygrade Food Products Corp.—

774
67
652

1st

.JFeb 28

mortgage

bonds due

1947—:

PARTIAL

655
315

r

Atlanta

Mfg.
Gas

Corp.,

Light

preferred stock—_A
Co., 1st mtge. 3s,;. due




—,1

:

Page

,305.

1963—Mar

1

646

*>

-

bonds,

series. A

•

..Apr

.

5^% deb. bonds due 1957_Mar

-

1

652

1
1

72
653

Mar

1

*

—.Mar

1

466

4

&

Arkansas

5%

preferred stock

Ry.—

mortgage 5s, series A,

due 1969

781

.

1st lien &: ref. mortgage series A 5"2"^
Sun Chemical Corp. $4.50 preferred stock,

Noms

Northwest

7c/c

first

Publications,
preferred

&

6%

'

»*.

Pacific Telephone & Telegraph Co.—
Ref. mortgage 3Vr4 % bonds, series B.
Philadelphia & Chester Valley RR,, pfd.

658
♦*> *

«

,

653

"'653
&

781
194

782
1

j

V

§1516.

bonds

due
mtge.
due

1948.—

1966

—

&

467

§2822

§2822

.w<j657

9

Apr

1st xntge., 4%
;

(not preferred),

Newtown

19$
'§3078

•

due

3Si- bonds due 1948
New York RR., 3e,i mtge.

Pennsylvania Sugar Co., 4"t> debentures due
Philadelphia Rapid Transit Co,—
51c and 6% bonds due 1962

—

■'

*

2nd preferred stock-Mar;:!

Philadelphia,

.783
.

Jesus

Oregon-Washington Water Service Co.-,/'/.//. :•
1st mtge. 5s,
series A, due 1957————.....Apr

bonds

1

de

Inc.—

stock

314

:

bonds
Mar 1
"series" A.MiMar

Saints

655

1

1

Pennsylvania Gas & Electric Co.—
,

des

1

Department Stores Corp.—
'
'''
0%
preferred stock
Feb 28
Niagara, Lockport & Ontario Power Co.—
'1 * i/v/".V/-/: •'/
1 1st mtge. and ref. 5 Si bonds, series A, due 1955i—.^-Apr +1
Niagara Share Corp., 4V2Si
preferred stock....—____Mar 7'
Northern New York Utilities, Inc.—
/V :.
•
1st lien & ref. 7Si bonds, series A, due 1946..—.Any time
1st lien <fc ref. 6c/o bonds, series B, due 1947.
Any time

1st

1

des Soeurs

311

"

r

/Apr

National

-

and

^

•.

Massey-Harris Co., Ltd.. 1st mtge. 4Vis, due 1954
Mar
Missouri Telephone Co.—
"
4Vic/o 1st mortgage bonds, series C, due 1961——Mar
Narragansett Electric Co.—
"
1st mtge. 3%
bonds, series A, due 1974
—
-.Mar
Nova Scotia Light & Power Co., Ltd.—
\
1st mortgage 4s due 1967
.—.Mar
Oklahoma Natural Gas Co., 1st mtge. 27/#s due 1961—Apr

§2824

Feb 28,

6%

mtge. 6s, ser. A, due 1955_Mar

1st

112

Date

conv.

1949—

Longhorn Portland Cement Co.,

REDEMPTION

Company and Issue—
Alreon

Any time

—

mtge.

due

Illinois Power & Light Corp.,

52822
,

ref.

B,

International Paper Co., ref.

Joseph & Grand Island Ry.—

1st

and

series

Co.—

1st mortgage honds^.,.

<

,

,

§2822

.—Any time

§2814

.

.7

.

;

Communaute

■><, -

,

,

.

Louisiana

—...Any time

*

1

La

-

et de Marie,
1st mortgage 4s & 3'/as._Mar V; 1
Langendorf United Bakeries, Inc.—
,
,•
•
6'c
preferred stock
'
'4.——_'._Apr *' 1
{Lyons-Magnus, Inc., class A stock——'———.Apr
1
Manila Electric RR. Si Lighting Corp.—
5% 1st lien and collat. trust bond certificates.../—Mar
1
Midwest Rubber Reclaiming Co.,: $4 preference stock./i.Mar
1
Morris Plan Corp. of America—
^ v/
Collateral gold notes, series of 1929 due April, 1946-Apr T1

1' 77 308

mortgage
bonds, series A
Apr
1
68
7
1st mortgage 5% bonds, series B
Apr
1
v.
68
m 1st mortgage *Va%'- bonds, series C_.
Apr
1 .
68
Commercial Discount Co., 8Cc debentures, due 1947
—Apr
1 /
649
Dominion Dairies, Ltd., 1st mtge. 6s due 1957——Mar
1; J 778
Elgin, Joliet & Eastern Ry.—
.
'
.
1st mortgage 3V*% bonds, series A. due 1970—,—.Mar
1- v
309
Empire District Electric Co., 1st mtge. 3V2S, due 1969—Mar 1
/ 651
Eversharp, Inc., \V*rk curnul. conv. inc. debs., due 1965_Feb 23
>463

'

bonds due. 1946

San Francisco Terminal.

St.

due 1969

•

D, due 1962->-——Mar

1st

V/

;

1968—

1st mtge. 5s,

bildge Corp.,

1st Si ref. mtge. 4Vi% bonds, series
Cleveland Union Terminals Co.—
•

Page

Date

•

sterling bonds due 1961.—Apr 12
mortgage bonds due 1949_Feb 28
5V2<fo preferred stock..
Mar 22

1st ref,
&

.——Mar

.7

list of corporate bonds, notes,

a

v

.

Buycrus-Erie Co.,

Notices
Below will be found

/ Kresge Department Stores, Inc.-+» *
4 'ic
convertible 1st preferred stock

1967

.

.—Apr
1952

§2187

1

*

Apr
Apr

/

;

:.v

..

1

784

1

,'

784

1

784

July

1

Mar

1

§3079

Piper Aircraft Corp.—
60-cent conydrtible preferred stock
Feb 25
Potomac Edison'Co., 7Si and 6%
preferred .stocks
May 1
Reading Co; Jersey Central, coll. trust? -4s due 4951-i/-Api!/.l

§1678

—

658
819

i

THE COMMERCIAL & FINANCIAL CHRONICLE

yolume 163 77 Number 4465
Company
Republic

Issue—.

and

Drill

&

Tool

s

V.

Co.,

v

*

Date

'

1

preferred1 stock__^dApT

cony,

Ritz-Arlington .Trust, 1st mtge, 5s,duel946_-__-_____Mar
Royal Palm-Ice Co.—•?;
1st'

mtge.«6s

Southeastern

due

Ice

/

,

f-v

,

;

,>

,

820 '

Dr.

Doyle

660-

Drackett

319
320

Durez

Plastics

Eagle

Pitcher

7

/

■

.

Per

-

4-

Northland

17 j '

2-18

(D,

stock-_.*:Z_.;_*,_w_Aa_-Mar 15
Schumacher Wall Board Corp., $2 preferred stock
__Feb 15
Stanley Works, 5 % preferred'stocks—
——May 15 1
A.),

Inc.,

preferred

;

Southeastern Gas &

incom?

Water'Corp., gen, Hen collat, trust
/<<,',
due 1954-,.
*
——Mat 7; /'

bonds

Southwestern Bell Telephone Co.—»
•.
.%
// ;•/■'"1;
1st & ref. mtge. 3'/a % bonds, series B, due 1964
_Jun
1
Syracuse Gas Co., 1st mtge 5% bonds due 1946
_Any time

Taylor-Wharton

Collat. trust

b

due

Iron

&

Steel

Economic

.ZV 10c '•■ZZ 2-28

2-18

Edison

Ottawa

7Ms % cumul. Inc. bonds '■■;://
_______Apr
i

Utica

1

Co., 5'/2% debentures due 1952
Knitting Co., 5 % class A preferred stock
Wilson & Co., Inc.; preferred stock—.—

_Feb 20

_

•Announcement in this issue. ~~$In Volume 161.

•

preferred

25c

$1.06 V4

(quar.)

State

4%'}'«

(quar.)

Society

Pawners

+25c

Stores,

Garrett

preferred (quar.).

(quar.)—

In th«

' V-

',;

i v

h.

..

Pet
Name of

Acme Steel

Co,

Company

Share 7

(quar.)

Standard

Aetna

Z: 62 V2 c

3-15

2-25

Publicker

15c

4-

1

3-15

Puget Sound

75c

4-

1

3-15

$2.75

3-

1

2-20

Alabama
*.

Power.

$6

preferred

87

6%

Cast

Aluminum

preferred

Mlg.

Steel
Co.

Co.

Cities

class

$2.75

American

4%%

40c

Gas

&

Type

American

ZZ/Z

Light Corp.—
seriesi
At shar e
cash-——*:—.::—-.

or

Cooper

$3

z

Hazeltlne

Corp.,'

Helleman

(G.)

Inc.

preferred

$1

(quar.).

3-11

-v2-21

■

3-1

3-

//Class B

Ry.

Distillers

&

...

3-

Bank

5

;

3-20

2-18

4-

1

4-

1

50c

1

2-25

ZM34/1V/
3-

30C

.

1

S 2-20

1

87 %c

ZZ 3-' VV

15C

'

Z/Z3-;1-;Z' V

35c

"

3-12

$1.12 Va
75c

>

q

4-

2-

Co.,

3-

Manufacturing

3-1

2-19

3 7 »/2c

4- 1

3-

9

'

Co.

5-20

4-19
Z

4-19

3-15

Stone,

2 Vic

3-

1

45c

Ltd.

2-18

2-28

15c'

r^,;/
•

(quar.)

4-16

410c

2-21
Z

3-

9

3-

3-20

Mortgage

(quar.)
Co.—

3-30

3-15

1

(Win.)

Co.

1$1.75
$$2

3-30

6%

(quar.)

/■••,' $20c

—

preferred

3-

4

3-20

1

Columbian

2 Vac

3-15

2-25

ZC 2-20

Community

75c

2-25

3-14
'

3-31

3-

Congoleum-Nairn,
Connecticut

Consolidated
Continental

Quarterly
Continental

Co.,

_Z_.

new
(quar.)___.
Co.
(quar.)'

Inc.

Assurance

3-15

13 % c

2-28/

35c

Co.

50c

3-15

25c

(Chicago)

3-15

2-25
1-31

2-25
4-

5-

2-25
3-

1

4-

1

3-

5

4-

1

3-

5

—

3-29

Clothing Co,, class A

ZZv:Z

(quar.)—.

A

(quar.)„___,

3-15

7

4c

3-

1

2-15

2-26

2-19

:/2-28

2-15

2-15

2-5

/

$3

.

.■•■••-

/•

50C

^

Co.—

4xhpreferred (quar.)__
Deep Rock Oil Corp. (quar.)___—_
Bridge

(irreg.)___,




9

2-20

3-30

50c

3-15

3-

$1.25

5

3-

3-

3-15

3-

25C

'

7

.

1

2-20
2-20

United

2-15

1

Chlorine

vaco

•held
Universal

4

.

3-

1

2-20

(quar.)

•

Motor Wheel Corp. (quar.)
Murphy (G, C.) Co.—
'
z
" / ;
Stock dividend, three shares $1 par for
for' each no par share held——ZZ——Z_.

New

(initial

Increased
New

York

Quarterly,

35c

3-18

3-

4

tric

3-30

3-

2

American

share

for

common

3-30

3- 8#
2-28

Bldg.

4-

1

4-

1

3-25

7/3*

3-15
3-

,

West

-Z 3-

13 %c

5-15

Z;*5-.:r/

3-12

2-28

Z 50c '

1

3-

4-

3-

,

1

Co.

6

2-25

2-15

10c

3-

8

■'50c

4-

1

:50C

•2-2

M

3-

1

3-

1

3-

1

2-20,

$1.50

2-15

2- 8*

3-30

3-14

.

:

2-20':

8

2-21

3-15

2-28

3-

50C

4-1

$1.25
50c

3-

1

2-20

$1.37'/a

3-

1

2-20

m

4-1

3-16

3-15

2-16

50O

3-15

2-16

3-15

2-12

3-15

2-23

$1.50

—

4-

25c

.

1

3-

1

$1.75

2-15

2-12

'$1.75/

8-15

8-12

43 %c

3-1

2-15

75c

4-1

3-20

$1.50

3-1

2-11:

30c

3-11

2-28

$1.06%

4-

1

3-18

$1.12 Va

3-15

2-28

Z .25c

3-, 7

2-21

4-

2-21

(s-a)_______

Products

Willson

(quar.)-.—-—

&

Co.,

$4.25

preferred

(quar.)—,.
z

•

.

,

preferred

AVi'lv-

(Initial quar.)

Governor

Co.__

■

'

Mines, Ltd. (quar.) —
Coke _;oZ_—-4--AZZ--ZZ^AZ

Wright-Hargreaves
.

•

Coal

Zeigler

&

Below we give the
announced

45c

-

1

3-11

25c

3-

4

„

51

-

;/ 4- lZ. /'

3-16

4-

l.y

3-12

3-

1

2-20

3-

6

Elec¬
North
^.
4-

1

v- ■ ■/■.

6

3-15
2-6

1

include divi¬
given in the

2-28

2

4-

dividends announced in previoui

paid. / The list does not
this week, these being

,Z 3-15

3-

$25c

2-15

4-18

1

1

z;

>2-15

50c

(quar.)

preceding table.

3-

1

:

:2-20

'•

;'v 3-1

4-

i?

8

2-15
■

4-

50c

1

3- 5

3- 1

4-18

8'

&

3-15

7 3-15

25C

3-

•2-18

3-

25C

conv.

3-13

3-30 '/

;

Z

3-15

//

11%%

(quar.).—

weeks and not yet

:4-i'

lc

.

72-26'

u

"

;zi5cZ."

/

dends

50c

■

/•/;•

25c

2-20

4-1

-

*

2-15

(quar.)

Motor

1

3-

;

'vf-A''r"''/-

2-21

3-9

;

:

3-

4-1

____

.

3-1.

$20c

—

Mills

Woodward
3-27

j

31 %C

2-2 4

6

1

Michigan Steel Foundry Co.—

$1.75

1

3-

4-

50C

_______

Wheeling

2-20

1

$37 V2C

Z'

&

3-12

31 VAC

;
Z;
preferred (quar.)
Lake Erie Ry
——'•__
Williamsport Water Co., $6 pfd. «luar.)

Z' 2-18

3-4

;

Adam

v

Name of Company

/'•

//•■/:'Z';'Z/-ZZ/K

Atlantic Sugar Refineries,

Common

5%

—

3-15

share

Semi-annual

3-25

3-11

3-1

'

_

(extrai__

Gas

.*

Z

(s-a)

Wellington* Fire Insurance Co,

Acadia

shares

3-11
'

15c

•

Corp.____________-_-«_i_-:

Extra

3-29

45c

100

2-19

3-21,

West-

Washington Water Power, $6 pfd.

"

Pacific

3-19

i

50c

of

Wamsutta

12 %c

each

-7

1

15C

Z;

__x

each

3-14

Co.—

one

common

3- i
.3-

30c

Z--

iquar.)

3-14

•4-1

—_____

(quar.)____

3

50C

3-14

1

$15c

quarterly

American

2-19

—

Wacker Wells

$81 'Ac

.

?

Niagara Wire Weaving

1

58 ViC

3-29

,

common——

Inc.

3-

3-

2-18

41 %C

4-

20c
./ $25c

.

Z

Co.,

•Z 2-28

"

1

•

2-19

Insurance—-

Merchandise

30c

.

Z

Fire

2-zo

/3- T

$1.75

2-23

?

quar.)

Hampshire

2-25

3-15'

4-

Z:

1

2-26

j/ZZf,

(quar.)

1

3-15

1

•

9

3-29

■

30c

——

Co.—

-3-

3-

•

Ltd. (quar.)___Z/—__ZZ
,,425C
Machine; Tool Co.__
.*'": '• *50c

(J. J.)

1

3-10

'3-11

.

15C

.*.

3-

Brewery.

Newberry

3-

..

1

1Z

62»/ac

Uti,ca Knitting Co., 5% class A preferred.—
Valley Mould & Iron Corp., common
$5.50 prior preferred (quar.)__
Wabasso Cotton, Ltd.
(quar.)___—

7

Waukesha

-

4-

Z

2-

4-1

;_Z:
Match

1-15

Storage Warehouse

'.'3A T-'

10c

'

for

2-20

North

•$L12Va

common

1

Bedford

■

97Vac;

Corp.
(quar.)____—
Chemicals, Inc.—
dividend, 8/1000th share

2-

Corporation

2-21

Underwood

1

1

Nehl

:3* r

J20c

32 Vac

preferred: (monthly)
6% preferred (monthly)
7',o preferred (monthly)
Tyer Rubber Co., 6% -preferred

3-

Co.'v (quar.)_——_.

v

2-21

I31V4C

5 %

Wilson

Standard

3-15

3- T

Edison Co.—

Toledo

Wisconsin Power & Light— ■

National

4

3-30

.

2-20

preference
(quar.)
National Petroleum Corp.

3-

25c

'

A

2-20

Ltd.,

2-2i

.

tl9o Z

31V4C '
Sv' 20c Z

preferred-.-

1,;

(quar.)_

6

___—_—

Co.—
50c

Co.,

9

4-

(quar.)_i___Z_-__'ZZ-_Z—

1

Grocers

3-

5

75c

quar,
Iron—

3-

preferred

4-

$ $ 1.25

3-

.

$1.50

4-15

.

z___Z'

3-

6V2r/o

9'

3-

50c

Oil Co., Ltd.—

(D. A.)

3-

Co..

National

3-1':/
Z 2-28

___________

1

3-

(s-a)

9-15

buc

Telautograph Corp.
Texas Do,* (quar.)
Thermoid Company
(quar.) __________—__
Thomson',Electric 'Welding Co
Title Guaranty Co. A San Francisco) —
; $7;50
preferred /(accum.) ______—
Tobacco Securities?Trust Co., Ltd.—
American dep. < rets. ord. reg.
(interim.)
American dep. rets. def. reg. (interim.) __

1

1

com.

1.0-

3-12

(quar.)^.1

partic. preferred (quar,)_u.
Sylvania Industrial Corp. -(quar.)

2-11

1

3-15

coiiv,

Partic.
Class

2-23

4-

Ltd.,

Z 6-15

3-'5

;

(initial

Steel,&

preferred

Stock

Co._'

3-15-.

7-

3-30

?

Standard/Paying & Materials, Ltd.—

2-20

3-15

3-

.

.

60c

Ring

Z 4-

„

23c

Manufacturing

Stuart

2-23

Utilities,

9-15

10-

50c

$7'preferred ■ _'_____*.__Z___—

/

.

9

Piston

3-15

6-15

_

-

,

3-

Muskegon

4A

Staley (A. E.i Manufacturing Co. (quar.)__
Standard Fruit & Steamship Corp.—

3-20

$1.25

Nanaimo-Duncan

/

1

Corp., com.
55c conv. preferred A (quar.)
Southern- Natural Gas Co

3-20

4-

2-23

New
40c

!_____

class

3-20

1

4-1

$1.75

9

New

Z—

International

.

(Chicago) —

(irreg.)

Power & Light

2-26

75c

(quar.).

30c

Corp.,

;

420c

(increased)—,

—

Casualty Co.

Capital

3-11

•Z'Z"; 35c Z;,.;- 5- -1

(quar.)

Bakeries* (Canada)

Mills

2-26

3-15

31V4C

(quar.)_______

Light & Power

Quarterly
Continental

3-15
/

$1.25

.Shares_-_-_Z___-Z^-

Edison

"Z 4- 1

$1.50
$1,621/2

3-

Monarch

9

Electric—

Public Service

.

'

4-

Molson's

3-15

"Z:7»'

Publishing—
preferred
(quar.)

.

preferred

$1.20

Solar
,

'•

2- 9

3-15

2

37,j!>C

/'/;Bolar/Aircraft*CoZ%iiua^ZZ_zZ_ZZZZZZZ-ZZZ

3-20

4-10

&

2

4-

$1.75

(quar.)

convertible

3.90%

■

■Z:Z

,

20c

(quar.)—Z—

Carbon

Commonwealth

preferred

3-

Transportation

4-10

4-

$1.75

-

.

Trustee

1

3-

Miners

5-1

'

____________

common

■

2-20

/vZ; 3-11

75C

Collateral

8

30c

&

*/

Dairies--

fc

2-28

$1.50 /■•'Z;3rTZ:

)
(quar.)

(quar.)

preferred

Western

•

"

loc

Sloss-Sheffield

3-11

4-

15c

—

—

<

2-10

'

'

2-15

4-

Z

.—Z—;

Gas &

(quar.)

2-25

10C

,

,

X

v..

_Z„___
25c"
Inc., common (quar.)___
$1.12Va
4Vir/o preferred (quar.)——
$1.31 Va
5V4r,'o preferred (quar.)—_
Meteor Motor Car Co. (quar.)—Z— " : 25c7
/••Z'/Z
$1
Minneapolis & St. Louis Ry.—
$1.50
Minneapolis Gas Light, 6% pfd. (quar.)iZZ
$1.37 Va
5 Vi %
preferred (quar.)
Z——_
$1.27 Va
$5.10 1st preferred
(quar.)
___A/Z_Z
'5% preferred (quar.)
Z—
$1.25
Mississippi Power & Lights
; :
$1.50
$6 1st preferred (quar,)i—_z
'.-

2-21

3-15

-,'Z

40c

preferred

,

Quarterly _____—Z

3-15

3-5

$ 1.12 V2

Chrysler Corporation

Coast Counties

.

3-

;

3-30

75c

Mc-ck

2-25

ZZ/3-''lZ

$4

r;

_.

Machine———

Company

3-30

Z

Co.

Merchants

_

15c

&

2-28

,

(annual)

Transit,

>

1

3-20

4-1

75c

_

r'-■

3-

4-15

$1

Rivet

3-11

.

50c

,

•)

Charlestown

30c

1

z

3oc

Sioux City Gag & Electric Co.—
New
common
(initial)

;

,

2-28

$1/25

preferred (quar,)

$3

2-14

3-31

/ 50^

(resumed?

common

:

Simmons-Boardman

2-14

2-28

1

2 '::•

'

M

(quar.)

11-

B

y/r

3-14'

23Zc

class

Paper Co.,

2-18

tA.yI 'J- ^

.

35c
Master Electric Co. (quar)-—*——
Maxson (W. L.) Corp.j._—__„Z—Z
10c
'
25C
McCrory Stores Corp., common
(quar.)
Extra.
/7ZZ:Z25C',Z :
79c
3V2'/>'
conv. preferred
(initial)

3-15

Wv/%'

Ordinary

(irreg.)
Canadian Tire Corp., Ltd.

,

1

2-28

16c

1 Z

2-18

3-

50c

Ltd.—A '

2

(quar.)__

.

t

3-29

50c

_

8-

12-

tlOc

Signode Steel Strapping,
5?c
.preferred
(quar.)

3-

—

$$1.25
137 Vac

________

Pacific Railway

1

$37 Vac

(quar.)—_

3

30c

preferred Class A (quar,)
(R. B.), Inc. (quar.)
Serrlck Corp., class A_.

1

$15c

:

2-12

9-

s-a-

"

,

Permanent

3-

3-

2-12

5-

'

__________

Class

1

Inc.—

5%

-.

2-23

3-

/

|40C

Eemler

;

9

1

'

Silverwood

Magazine Repeating Razor, common (quar.)
$5
preferred
(quar.)——
Mapes Consolidated Manufacturing Co.—
Increased :quarterlyz_Z_i.i___^__—___T._/._

2-15

'

Crushed

3-30
3-12

Lyon Lumber Co.——.'Z-.——

5-20

120c

(q

(s-a)

50c

50c

7'Ir
preferred
(quar.)——.
Liquid Carbonic Corp.—
i'/a % preferred (initial) __—

Ltd-

(quar.)

Co.

2-4

3-1

1

9

1

35c

'425c

Forge

2-11

;

Brass,

3-28

3-

1

preferred
(quar.)!iZ_A^_-_-.____*.__^_/.
(Laura) Candy Shops (quar.)
Securities Corp General, common iquar.)ZZ ;

Z

-

.

:40c
(quar.)— ________
$1.75
Lexington Water Co.; .7'A preferred, (quar.)
12VaC
Liberty Fabrics of New- York-—.—
Lily Tulip Cup Corp. (quar.)
_—ZZi'::--1 37 VaC
30c
Lincoln Stores. Inc., common iquar.)——

6

4-

450c
Note

12'/2C

Co

2-28

4-15

6-

b'.i>

,

2-15

3-15

3-

t40c

Secord

2-25

common

'--Extra
Leslie Salt

(Vancouver)—

Bank

/

'

v

I

3-18

1

2-13

$1.25

-

2-15
2-25

3-

..

2-23

______

2-15

'

7

1

,

2-23

1

3-

3-

;

-

(quar.)—_____

2-18

1

•/" ?40C

Co., new common (initial)
Scythes & Co., Ltd., common (quar.)

——

2-23

3-

$1.50
$1.25

:W"' : Z

$1.75

5

2-18

1

3-

?

1

3-

t25c

(quar.)________
(quar;)

Schiff

3-22

__

3-9

3-25

3-

1

3- 4
3-15
Vegetable Parchment (quar.)_—
2-23
3- 9
50c
Kern County-Land Co. (irregular)—————
3- 1
2*25
$1.50
Keyes Fibre Co., $6 preferred (accum.)-—
3-16
2-27
l'ic
Kinney Coastal Oil Co.—
Kresge Department'Stores-—
4- 1
$4 convertible 1st preferred—
7 2-15
3- 1
30c
Lake Superior District Power Co., common'—
2-15
3- l'Z
$1.25
57«
preferred ;4quar,)-—_L_—z—__l__Z_
3-14
2-20
Lanett Bleachery' & Dye Works—;
$1
3- 1
2- 1
20c
Laura Secord Candy Shops, Ltd. (quar.)—.
3-2
3-12
La/Roi:Cogfc (initial 1
Z//Z//-7''707.Zz
2-20
3- 5
Lee (H. D.) Co., Inc. ;(quar,
25c

3-16
3-

..

4-

3-

?

(quar.) ____________/_Z__ / $1.3114
Z 12V2C
Brothers, Inc.

Increased

•

Kalamazoo

2-28

/

1

2-28

shares,

preferred

$5

3-11

3-30

-

(quar.i

(quar.)

3-11

7

3-15

3-

2-19

J40C

Brothers, Inc.
(quar.)
Manufacturing Co
Saginaw & Manistee Lumber Co.__________
St.
Joseph Lead Co. (quar.)*.
'
San <Antonio Gold Mines, Ltd.—

2-15

1

3-15

$1

(initial)

Group

3-15

3-

3-15
2-15

•

;

iquar.)

Russell

2-28

3-15

2-20

1

1,

Z: 3-15
;

..

$1.25

>

Roos

75C

iquar.)

Common

2-18

:

'

1

3-

70c

Increased quar.

.

25c

^increased quar.)
_Z—_Zi
$6 1st. preferred .(quar.)
—w—-Z—
$6.50 preferred ;;(quar.)/__--/—
$7 1st preferred (quar.) —:—__—
Jamaica Water Supply Co., com.
(quar.)

3-1

'} i,

• •

•

Iowa Public Service—

4-1

<

■■

Detroit

2-20

$1,121/2

2-18

.

3-9

25C

5% 1st preferred (quar.)—
Canada Foundries & Forging, Ltd.—
/Class A
(quar.)
Canada Northern Power Corp., Ltd.—
"7'Iv
preferred (quar.)

Dayton

3-1

4-1

.

3-

3-22

2-28

:

4-

Vi7V(!»; 'lst: preferred'.;(quar;) ___-;/___w______»'i:'
$1.75 z
7% 2nd preferred (quar.)_/._Z___________
$1.75
7% 2nd preferred (quar.)
Z? $1.75
7','e 2nd preferred (quar.)
$1.75
Ronson Art Metal Works, Inc.—

3-31

—

5 r/o convertible

Canada Cycle & Motor Co., Ltd.—

Curlee

3-11

1

$1.10

A

International

'

Crown

1

4-

75C i-:

2-15

8

x--

50c

.

Brown-McLaren

5 '/t!

4-

$1.50

3-

•3-

425c

Calgary St Edmonton Corp., Ltd.

5 '/*>

3-11

—

International Cigar Machinery Corp..

2-21

4-11

,

Quarterly

Chiksan

1

$1.06»/4

3-15

117 Vac

——

American

Chicago

4-

3-15

Institutional Securities/

2-28

25C

(quar.)—

Elevated

; &■

$1.75

Extra

Carter

35c

1

4-' IZ'v

$1.50

City Manufacturing (increased

Canadian

2-16

.

$1.50
preferred
Independent Pneumatic Tool
Inkograph, class A (initial)

9

3-15

Z

62%c

)

Boyertown Burial Casket (quar.)
Brach (E. J.) & Sons (quar.) —:

•/

2-20

1

3-15

(quar.)'
conv. partic.

2-20

3-11;

,

20c

preferred

conv.

Canada

2

3-

3-15 /

•

Common

Z;3-'8Z

15c

Corp. —>__~__Z*>.VA.
Berghoff • Brewing Corp.—,*.———
Bigelow-Sanford Carpet, com. (quar );
6% preferred (quar.)________
Bird & Son, 5%. preferred (quar.}._„,
Birmingham GaS Co., common..
S3.50 prior preferred (quar.)________
Bloch Bros. Tobacco (reduced)--.—
Bond Stores, Inc., commons.——:—.

;

3-

preferred (quar.)
Hinde & Dauch Paper Co.—
^
Holophane
Company
(increased) j________
Imperial Varnish & Color Co., Ltd.—

2-20

1

:zz 3- 5

Aviation

Canada

40c

25c

new

Brewing

Rubber; Corp.
class

:

$1.50

.

Hiawatha Oil & Gas Co.—

5'k

1

?
•

$1.18%

.

3-29

25c

3-15
9

'!

3-22

3-12

preferred
&

3-22

'

3-30

$1.50

(quar.)

(quar.)

preferred
preferred

Copper &

Reymer

2-18

I

ZZ

______

Rice-Stix Dry Goods Co.—
7% 1st preferred (quar.)
f'/o 1st preferred, (quar.)^__zzzZZ_z_'_—

25c

8

3-15

25c

______

Brummel Ties

Buffalo

3-1

(Initial)—

Hewitt

■;-4-1:7

$1.75

Belgium Glove & Hosiery, Ltd.—
Common
(initial)

?

3-20

4-15

$30C

Extra

<quar.)_———-

2

3-15

400

)

Annual

3-15

preference; (quar.) ________Z

non-cum.

2

$1

20c

B/G Foods,-Inc. (Increased)
Bangor Hydro-Electric Co.—
6%
preferred <quar.)_—_
7 '* preferred (quar,)

British

4-1

4-15

Light Co.—

preferred
Insurance Co. of Texas

5 Vi %

3-11*

50c

preference

3-

$1.18%

(quar.)_.V-V;

$4 pr.

3-11

3-11

// 68%C

'

-

Tobacco,

3-

4-

2-15

3-27

62Vac

.

Hathaway Bakeries,-Inc.—
$7 convertible preferred

2-

1

40c

Chemical Co., common (quar.)_^__
convertible preferred; (quar.) a-^_Z

6

y,,//z

(quar.) :%z :

common

■

Brewers

Revere
3-

(quar.)

preferred

non-cum.

$1.50

States

2-

2-15

Founders___—

Anheuser-Busch,

Border

$1.60

Republic

Co. (quar.i—
$6. preferred (quar.)

1

3-15

■

&

Co.,

*

Boston

3-23

Brewery—

1/Z:
1ZZ

15c
__

Western

4-

•

$1.50

Wringer

4V2%

non-cum.

3-15

Hartman

&

Electric,

American

5%

$1.60

.i.

4-

50C

(quar..>

preferred

Bendix

1

30c

Co.

4-

?'f

S0C

y

(quar.)
American Machine & Foundry.
American Paper
Goods, 7% pfd.

Eeau

3-

Corp.——,

4-

$1.75

div.

(opt.

A of class B stock

2-19

(quar.j

America, Commoh

Power

A

2-25

ZZ3-2;.Z

$1.50

—.

i
6% preferred (quar.)
Aluminum Industries, Inc. iquar.i
American Chicle Co. (quar.i—

American

*- 1
1

2-23

35c

;

Knitting Mills, common..
,$1,60 non-cum...preferred (quar.)Z____jsZ_
non-cum.

4-

1

$2.50

Regent

$1.60

? $2

3-

Co._____Z_-ZZ-________Z_„_i.' Z/,' 35c

Packing

621/2 c

Utilities—v.-^-;$4.40 preferred (quar.)—___

1

preferred

8

3-

Harshaw

prior

2-18

75c

$4.75

Power-&

3-1

3-29

Gulf

Industries

2-20

1

$1.75
/

reg.z__4-Z

3-1

3-

20C

__________

ord,

common

3-15

3- 1

;

15c

(quar.)

3-

.

z.

Light, 6'/> preferred (accum.)

3-15

3-

Power

preferred

3,-20

50c

3-23

$1.50

(quar.)

(quar.)

of

3-

3-31

10c

(quar.)__//_—

Allis-Chaliners

3-15

Corp._

iquar.)____.

preferred

Alloy

25c

$1.25

,

/

_•

$5
Ra th

Manufacturing Co,
(quar.)
Great Northern Paper Co,
(quar.) ________
Green Mountain Power, - $6 pfd. (accum.)
Greyhound Corp./ common- (quar.) _________
W\'to
preferred : (quar.
—

,2-20

20C

Common (quar.)
5%" preferred (quar.i
Air-Way Electric Appliance
Alabama Mills
i___.

$3

(quar.)

2-20

,.Z

//"/'. $1
■/;
• $1

(quar.)_________

Ltd.,

Co., /
Inc.,

;

10c

Manufacturing

Griesedieck

America

Public Electric

50c

4 V2'/»

./

4-

25c

Co.—

//

Powell / Rivei*

(irreg.)______

Goodman

vt Re0.

3-12

3-21

2-25

Gorham

Holdert

Payable

■

1

Chocolate

&

of

3-20

i

.

Globe-American Corp,

Gulf
~

4-

Nut
Co.

1

share

Harvester

Griggs

When

40c

.

Engineering

:/• •'

Potash

3-15

of common or cashCorp,, common (quar.)—.
preferredZ(q[UaT.

Gleaner

Industrial and Miscellaneous Companies
'

3-20

2-20

1

75c

37 V2C

Pittsburgh Youngsto.wn & Ashtabula. Ry.—
7 r/o i preferred
(quar.)_Z_—____________

Prentice-Hall,

...—Z_—_

Co._____A.

Company

10c

44/1000ths

*

.

3-15

3-21

1

4-

32c

-

2-28

2-16

1

4-

75c

ZZZ

(quar,)'
>
ZPhilco 'ZCorpZ/ ZZw.-Z» - ZZ- Zi.z_zi.A_ZZ -ZaaZZ. ;:V

25c

General Telephone

The dividends announced this week are:
•

___________________

——_-iZ—Zi______

(The)

;

3-30

$1.183/4

ZZ

-

Corporation

$2,50

Z

Permutit

*

(quar.j—j—

—

.

Extra

1

Shareholdings Corp.—
$6 convertible preferred (accum.)

declared.

,

tl5c

f $1.25

& Coke Co

Peoples Gas Light

3-20

3-

General

given
tinder the company name in our "General Corporation
and Investment News Department" in the week when

S' '

3-20

1

Planter

General American Transportation (quar.)
General Baking Co., $8 preferred (quar.)._

ord of past dividend payments in many cases are

'

(quar.)_

com.

______________________

Proof

Rust

3-30

$1.75
$1.50

■

which we show til© dividends previously announced, but
which have not yet been paid.
Further details and rec¬

,

(quar.)

(quar.)

3-15

37

...

—....

common

preferred

Parker

1

first we bring together all the dividends announced the
current week.
Then we follow with a second table in

.

1

(Chicago)—

Foremost; Dairies, Inc., common.
6V0
preferred
IZ.
Z——1!-Z
Fort Wayne & Jackson RR.,Co.—
Wk preferred (s-a) ___.i_
'

DIVIDENDS

/

1

>

(initial quar.) _.ZZZ—

preferred

Fair

$2.50

§In Volume 162.

grouped in two separate tables.

preferred
Mills

4-

Package Machinery Corp./._Z_________/.z
Pantepec Oil Co. of Venezuela is-ai

2-28

Z

44-

..Gabriel .Co.

are

:

'

3-12
Z

3-15

&

—___

Dividends

3-

75c

Controller

•

<■

4-Zl

•:

28c

Food

§2862
697
§3241

1

Mar

—Apr

$$1,20

(initial) —Z *

com.

new

Quarterly
Flambeau Paper Co., 8%
Florida Public Utility-?-

822
823

■

2-26

V 2-25

9 3 3/4 c

_____

Power,

&

of Rec.

3-25

/

(quaf.)

Light Heat

Pacific
;

20c

Mfg.'__————_ZZ_._7

First

42490
822

1

Trust—

Fanny Farmer Candy Shops

469

!</'

Stores,

participating

Electric

Texas Power &

Union Compress & Warehouse Co., 5% bonds, dated 1944_Mar
United Air Lines, Inc., 4'/a% cumul. conv. pfd. stock.-Apr
United Light & Rys.

7

5 '/o

r

3-15
3-11

:./Z 20c

—4

12-31
■.

Empire District Electric Co, (quar.) ...I.Z.Z'
English Electric Co. of Canada, Ltd.—
$3 non-cum. Class A (quar.)
_IZ

§2862

Light Co.—
feold debentures bonds, series A, due 2022:——July 1, '47
Toronto Elevators, Ltd., '514% preference stock
Mar 7

(quar.)

Co.—

Investment

-

Bros.

4 V* r/c

■'//' j
§1930

G%

Chemical

&

2-15

25c

7

—

Lines, Inc.—

Hotiert

Payable

65c

_______

Co.—

(now 1st mtge.)
—.'

1958

:.

.

(quar.)

Greyhound

When

Share

,

(increased).

.

821
822

—

Southern Union Gas Co,, 6 % debentures due 1967-V--i-Peh '23

A

'

'

-

preferred

Co.,

Gas

preferred

$3.75

'

'

Schulte

Natural

Northern

2-14

Z//3-' 1

25c

Per

Name of Company

of Reo.

,

7

2-28

$93c

Co, (increased) —HZ__Z-^.ZiiLiZ'j
Manufacturing Co.ii—___Z_—______

Pepper

Hoiaert

When

Payable

15c

Oil

Dominguez

/'-'•

,

Share

Fields (monthly) __Z__
Dominion Tar & Chemical, Vh'k prefer red—

820

1

1954____Mar

Corp./zlstZmtge.Z5%s, due

Vy'

'

(

'

>

Mat

Nome 0/ Company

-'

820
660

1..

'

,<

1952_-:.—

Z

Page

c;.

i :i

/

941

Ltd.-f-

(quar.)_A_—____:
Stores, Inc., common-,*:-*-___'

Hat

-•Preferred

(quar.)

Wnen

Payable

Z!>;:4-

Holder*
of Rec,

1

3-10

3-15

?-20

12VzC

4-

1

2-15

31V4C

4-

1

2-15

$30c

3-

1

1-31

$$1.75

4-

1

2-2S

$$1.25

A-—-:"•

Agnew-Surpass Shoe Stores, Ltd.; com. (quar.)
7%
preferred
(quar.
i
Agricultural Insurance (Watertowm, N. Y.)—
/
Quarterly
Air Associates, Inc.
(quar.)—__—-.•

t

$25c

(quar.)

preferred

Per

Share

'/.'•

75C

4-

1

3-15

::

20c

3-

8

2-28'

:

THE COMMERCIAL & FINANCIAL CHRONICLE

942

fe; fe

'

■/•'

■ :

.

Her

•

feyVfefe

Name of Company

Extra

a

Allied

Laboratories,

Allied

Stores

Aluminum
67a

American

Arch

American

Automobile

(St.

Co.-

Shares

Business

20c
.1*®
$1.50
30c

.

———————-

Crystal Sugar, 6% pfd. (quar.)
American Factors, Ltd. • (quar.).
American & Foreign Power Co., Inc.—>
,

—

^

.

«

Indemnity
Investment

Co.

American

Metal

Ltd.*

6%

Co.—

Co.,

(quar.)

preferred

(quar.)

;

News

American

Phenolic

American

Public

•

«

$1.50

>

pfd.

7%

Common
7 7a

i—

American Stores

.

.

Co.

(quar.)——

Co.

;

Bullock's,
Bunker

—

—

.

2-28:

5

3-

2-14*
2*

■

I

California

2-19

5%%

2-19

2-21
2-8

(111.)—>

conv.

—

■

,

Line

Atlantic

Ccast

Atlantic

Refining

RR

lr
,.,

57o

2-21

Atlas

Tack

Aunor

:'J.

Corp.

Gold

Mines

Autocar

Company, 57c conv.
preferred "B" (quar.)

57a
Auto

Gear

Works

$1.65

Automatic Products

Avondale

Mills,

common

-

5*

2-

9

7-5
3-30
3- 4
3- 1

:.';

"2- 8

preferred

(quar.)—

:

m

2-11

3-15

3-30
3-30

Banco de Los Andes—

Vinegars^

15c

1
1

57o

$25c

3-

1

3-

1

2-

$$1

3-

Ltd.—

50c

3-

8

3-

28c

3-14

50C

4-

—

T—
,

—

common

(quar,).—-

Tractor

Co.

4-

4-

1

4-

1

17 Ac

Light & Power Co. (initial)

3-

5

2-15

$1.50

3-15

2-20

Products

$6

3-15

2-15

3- 1

2-13

prior

35c

Co

2-15

laccum.)

$5.14

3-20

2-28

(accum.)

$6

,3-20

2-28

15c

Inc..

-

fe.—.

25c

Champion Paper & Fibre Co., com. (quar.).

2-14

^

Extra

fe! 2-15 |

fe

National

Chase

'(quar.)

•

Bank

Chestnut Hill RR.

$1.12%

———————-4

(quar.)

Co.

2-20

1

3-13

(quar.).—

-

v

2-14

Chickasha

2-15

Chile

Cotton Oil

Copper

Cincinnati

*

Bankers

Trust

Barber-Ellis
Extra:

Co.

Co.

—-

(N,

of

Y.)

:Canada

29c

45c

(increased)*.
(quar.)

—A.—— ■

Barlow & Seelig

Manufacturing Co,—•

$1.20 class A

4- 1

$12y2C
$12%c

■

2*

2-20
S

57a

8

57a

3- 9

5%

2-28

3-15
3-13

Circle

2-28

$1.25

4-15

3-22

25c

3-

1

4-15

2-26

2-8

3-

67a

3- 6

50c

2-15

Extra

'<

•

——

■'

Extra

7%
Bell

—.——:———-^..2-——^—_>

preferred
&

$$1

Howell

Co., common—.
(quar.)—
Belleterre Quebec Mines (interim)
Berkshire Fine Spinning Associates—

4%%

3-

$10c

3-15

Black

Hills

-

Bliss

&

57a

&

convertible

Inc.,

Bohack

preferred
common

Co.

3-

6

1

2-19

25c

3-

1

3-

1

3-

1

3- 2

2-

16'Ac

3-

1

75c

3- 1

2-15

—

$$1.75

4-15

3-20

2-12

3-

;

3-

—

50c

3-

1

40c

3-

8

3-

8

3-11

...Z.I. fey ioc
(initial] 18 9/10c

4-

4

Hose

&

(quar.)—.—
(quar.)————

2-15

3-

1

2-15

$2.75

convertible

preferred

3-30

3-20

$2.75

convertible

preferred

37»Ac

%

3-30

fe
r

3-20

1

2-25

Commoil,

3-25

Commonwealth

3-

$1.50

Compo
■;

3-

1

a- 9
2-15
2-14

/

Co.

(quar.)

3-"l

Conn

2

2-15

Connecticut Light

1

3-19
2-15 v

2-25

2-13

Connecticut

Power

2-20

1-31

Connecticut

River

50c

3-20

3-

Consolidated

Biscuit Co.

Consolidated

Cigar Corp.

3-11

Consolidated Edison Co. (N. Y.)
Consolidated Gas Utilities Corp.

3-

1

4-15

2-15
4-

1

:*

:

4-5

-'26

4-5

-26

7d

4-5

-26

4-5

•26

2%%

;

?

—

$1.50

quar.)—

25c

6-10

Consolidated Water Power & Paper Co.-^-

3-15

■28

Container Corp.

X

(quar.)

of America (increased)

3-

I

3-23

3-

1

25c

3-

1

2-18

3-

1

2-

3-

2-14
2-il
3-20

$1.50

6-20

$1.50

9-30

*

40c

2-28

2-20

3-31

3-15

3-

$1.75

2-

2-18

1

5

_

3-

20c

2-10
2-15

2-20

2-13

1

2-14

0- X

5-17

9- 1

8-16

12- 1

11-15

4-15
1

3-14

3-

1

2-11

3'

25c

3-14

4-

250

3-14

4-H

~fe

25c

1

2-11

2-16

3-1

45C

2-

1

1-28

25C

2-27

2-13

2-20

! 32!50
fe

25c

4-

1

3-30

fe

3-16

3-30

fe

25c

Warehouse (quaf,)..i.

Welder

2-15

3-JL
fe 3-

25c

Corp.

6

3-16

3-

1-31

1

|3- 1 |

1-3}

3-1

2-10

$1.50

(stock

3-22

100%

dividend)

3-12

30c

"3-11

15C

3-15

2-13

fe; 15C

3-15

2-1$

(quar.).

of Amer, at Bait., cl. A (quar.)

3-1

-

11.12%

3-

1

2-i$

106

3-

1

2-15

3-

2-15

!i5c
yfe $1

3-11

2-25

3-15

3-

to $1

General
fe

;

15c

Stores (quar.)_-—

Dredge & Dock Co.—

t

1%

Cigar

Co.,

preferred

common

4-

1

3-]
3-15

37 Ac

7-

1

63-15

37 Ac

-

:

■

3% 7c

conv.

preferred

•

"

3-

4

9-16

fe

2-15

2-18

3-1 'fe
6-1

30c

25C

/

4-15

3-15

25c

2-14

3-

2

2-1^

25c

-:i -8-25

5-1Q

30C

'fe

5-25

5-10

3-11

2-27

4-1

3-2d

$1.75
•

........

;
:

.

fe 10- 1

62 Ac
'

:.wfe.
•

preferred A (s-a)^
fe- 6% preferred B (s-a)
General Fireproofing Co.<
1%
preferred (quar.)
General Mills, Inc.—

1

37 Ac

(quar.)__._..ife

(quar.)

General Finance Corp.—

2-12

5

2-26
2-15

1

2-25

60c

(quar.

5%

2-

2-26

3-15

3-

2-1$

9

1-25

9-20

3-15

$6

$20C

Trailer Co. (new) (initial)...
Fulton Iron Works Co., 6 7c non-cum. pfd

v

$50c

—

6-20

12-9

12-21,

Fruehauf

1

2-27

fe 2-il

1

2-15

$50p

3-15

2-28

3-1

1

1

1

3-20

:i25c

8

3-

2-25

t-3

4-14

75C

Flintkote Co.,

2-15

3-

25p

.

fe

-

3-10

common (quar.b.-.
$4 preferred (quar.)
Foster-Wheeler Corp., 67a pfd. (quar.)..--.
67o preferred (quar.)—
j.
fe: 6% preferred (quar.)—:
Freeport Sulphur Co. (quar.)..,—

5

2-15

3-15

50c

$$1

2-

1

3-

.4-

Extra.1

Quarterly

3-15

J2Ac

Quarterly

Ltd.

3-

2-

-3iy4C

Glass,

■

5c

2- 5

3-30

"

■23

v

fe: 3- 1

3-22

3-15

—fe

I

-

3-21

1

1

...........

Class B ( quar.
Firestone Tire & Rubber Co.—~
4Vi7o preferred (quar.
Firth Carpet Co. (initial).
Fishman (M. H.) Co., Inc.—

3-10

3-15

Consolidated Vultee Aircraft, $1.25 conv. pfd.

3-6

4-

3- 1

2-18

1

3-

iiciuiU

Finance Co.

50c

—

Consumers

L

Federal Machine &

40c

—_

(quar.)—'

(increased)
Consolidated. Laundries Corp. (quar.)Consolidated
Paper Co.
(quar.)—
,'fe.
Consolidated Paper Co., Ltd. (initial)

8%

—

(increased)—

7d
lOd

-

:

fe

1

4-

25c

Fitz Simons & Connell

456'Ac

:

& Co.

Federal-Mogul

9-10

55c fe

(quar.)

3-

4-

3-1

.....——fe...

—

2-15 ;

12-10

$1.75

2-15

3-30

Co.

(quar.).fe.!

2-15

6-15

1

$1.50

Federal Light & Traction Co-.—
$6 preferred (quar.)—__—

9*

9-15

1-15

3-

$1.50

...

3» 1

/

1-15

1

$1,50

Co.

2-

3-15

60C

(increased

■

2-15

1

2-17

3-

$1.50

...

......

Rubber

&

Federal Compress
:•

.

12-15

——!>;

2-15*

933Ac

Tobacco Co,, Ltd.—
Ordinary bearer
(final)
Ordinary registered (interim)
Ordinary registered (final)
57a
preferred bearer (s-a)




(quar.)

2-25

British-American

(final)

preferred

3-30

35c

/fe

2-20

3-15

$1.75

Inc. (quar.)
—'

(quar.)—

-Extra

•'.fey.

Co.—

2-25

62%c

1

$$1.50
tSl.'so

(quar.)—

15c

3-30

6

2-

1

3-1

$1

fez

(quar.)
(quar.)—
Co.

12-31

3-

.fe

Brewing Corp..—————i---Fansteel Metallurgical—
•
■
■-\ Stock dividend, two for one split
_____
/Farmers A Traders Life Insurance, Syracuse
Quarterly
Federal Bake Shops (quar.)
—.

3-15

fefefe; $$1.50

prior preferred
& Power—

Power

Hose

3- 1

fe;

$$1.50

$1.50

....

Brewing Corp.
;
Bristol-Myers Corp., new com. (initial)
33/a7a participating preferred (quar.)

Packers

preferred

2-25

3- 1

Falstaff

(Toronto)—

(G. C.) Ltd., 7%

preferred

2-15

Fajardo Sugar Co, of Pojto Rico (reduced).
Co. -(quar.)__._

9

2-

$$1.50

4-

3- 1

Steel

2-25

62 %e

1

3-12

$2.20

3-

$1.25
40c

fe

1-31

$87yac

(quar.)

'

—

16c

Ltd.—

(quar!)—I

Quarterly
Quarterly

6%

9c

preferred!!!!!

$2.50

fe,

50c

Inc. (quar.)
:
of America (quar.)

Columbia

Quarterly
Quarterly fe

3-

8

; /- ■

Co., $5 pfd;
Internacional (quar.)

Confederation Life Association

$2.40

3-18

3-

;

2-15

25%c

(J inal)___„___

Tel.

50c

—.

683Ac

/—;

Machinery

40c

Z.

;

receipts

Shoe

2-15

$%c

50c iw

(accum.) —$3.50 r~:

—

(quar.)_

Ltd.

Compania Swift

";

Airways,

deposit

Commodity Corp.

3-30

30c

,

—....

Bower Roller Bearing Co....
Brandon Corp., class A—

Celanese,

Columbia Gas & Electric Corp..:
Columbia Pictures Corp., $4.25 pfd.

1

:

Rubber

2-111

3-

75c

Ltd.—

77a 1st pfd.
(increased)

fe

—

^ 62%c

2-1

2-23

Fall River Gas Works

2-21

<6-a)—fe—

3-1

$30c

Extra

2-21

40c

Brewing Co.

$$1.25

2-15

2-18

1

Columbia Broadcasting System,
Inc., Class A
/Class B——*.———w.fe..—fe.fe/

1

3- 9

3- I

2-15

......

1

2-14

2-11.

3- 1

3-

4-

2-15

2-18

1

3-15

1st preferred

57o
preferred
Fairbanks Morse

3-

,

3-26

Ac

62

3- 5
3-25

.--/

50c

.

pfd. (initial)
Colorado Milling & Elevator, common-—___

r:i.,

25c

common

8-21

2-19

3iyic
3J.y«c

57a

$3 conv. preferred (auar.i
77o preferred (quar.)

1

1

$3

2-19

$1.25

—

Columbia

Manufacturing Co
Fund, Inc.
(quar.)

British

3-

3-30

25c

3-

Boston

American

87%c
"

35yac

9

3

,

Colonial Stores, Inc., common (quar.)..—
4% preferred (quar.)
fe
—

25c

Borg-Warner Corp. —

British

2-11

1

2-20

——

(H. C.),

Borden

Braniff

2-11

3-

2-20

common.

Brewing Co.,

Woven

fe 3-1

Colorado Fuel & Iron,

2-20

1-

—

50c
87 Ac

2-11

B
-(resumed)..
$28c
2-28
(Sidney) & Co., com." (quar,)—V>v- 20c«X 3- 1
preferred _—;———«'—
$1.75 ;
4- 1

Boston

•

2-21

Class

Boss

3-15

4- :* fe¬

4-1

3-1

Blumenthal

77a

(quar!)——1.

fe

3-15

1

1

preferred (s-a).
preferred (s-a)———..

Co.,

in cash

Top

4-

3-15

——

75c

$1.12A
$1.12%

/

preferred

7

3-

2-20

-

2-11

3- 1

67a preferred (quar.)
Ridge Corp., $3 conv. pfd. (optional)
Payable in. l/32nd share of common stock

or

2-11

(quar.)^
30c
—$1.25

com.

Blue

Blue

;

;

5c

Light,

conv.

Laughlin,

Bloch Tobacco

1

3--iv/

60c

com

Extra
convertible

2-

$0,141

split

one

(quar.)

Park Place

11

3-4

$1.50

Co.

convertible

Bliss

3-

-

fe

10c
(initial).....
25C
Elgin National Watch (quar.)
Ely & Walker Dry Goods, common (quar,)i. fefe!; 25o
Empire & Bay State Telephone—
4%
guaranteed (quar,)..
,fefefemfe.
$1.25
Empire District Elec. Co.. 57a pfd. (quar.).
Equitable Life Insurance Co.- of Canada—
$30c
./ Increased * ...T—
Equity Corp., $3 conv. preferred (accum.).. '/fefe 75c
Erie Railroad Co.; $5 pfd. A (quar.)
$1.25
$1.25
$5 preferred A (quar.)..!...
;
$1.25
$5 preferred A (quar.).
$1.25
$5 preferred A (quar.)_.
..fe.!
30c
Eversharp, Inc., common (quar.)..^.^*..

2-15

15c

Power

(E. W.), 5%

67a

3-

$1.25

Illuminating Co.,

4-13

preferred (quar.)...—
preferred (quar.)

Electric

8-15
2-15

$1.50

...

$4.50 preferred (quar.).
Cleveland & Pittsburgh RR. Co.—
47o
special
gtd.
(quar.).
7 7c
guaranteed (quar.)
fe
Colgate-Palmoiive-Peet Co., $3.50 pfd. (quar.)
Collins & Aikman Corp., common—
5%

—

57a
preferred (quar.)
Blackhawk Brewing Co.~

Blaw-Knox

'

2-15

—

preferred (quar.).
$1.25
Steel
Corp., common
$1.50
preferred
(quar.)—$1.75
Billings 4c Spencer Co.———
10c
Birmingham Water Woyks Co.—
(quar.)

2-15

2-15

17o

preferred

fe

3-1

Bethlehem

67a

1

"

$1.06%

convertible

$5

1-31

fe 2-28

3-

12'Ac

preferred

1

4-1

$$2

(quar.)—$$1.75

Electric

1

Products, new (initial)
Eaton Manufacturing Co.
(quar.)
El Paso Natural Gas Co.. (quar.)
17a
preferred (quar.)...—....—

'

2-28

4-1

93-

fe

Cleveland

5-

preferred

Eastern

5-15

6-

$15c

——

City Water Co. of Chattanooga—
57c preferred (quar.)

——

Belding-Corticelli, Ltd., common (quar.)_

$1.25

$1.25

:%5o

...

City of New Castle Water Co.—
67a
preferred (quar.)

2-16
(quar.)
30c
3-1
Barnsdall Oil Co. (quar.)—20c
2-15
3- 9
Bath Iron Works Corp. (quar*.)^
3-15
$1
4- 1
Bathurst Ppwer 8c Paper class A (quar.)
1-31
$25c
3-1.
Beaunit Mills, Inc.^_-i.
—i..
fe: 2-15
;■ 50c■ ^'3- 1
Belden Manufacturing Co. (quar.)
30c
3-1
2-18

$1.25

8

2- 8

8-12

3-15

67o 1st pfd. (quar.) (clears all arrears)^.

\_

Pacific

preferred (quar.)!.—^fe.——fe——fepreferred (quar.)
preferred!, (quar.)
Bar Knitting, Ltd., common (quar.).

2■/

Jlastern Massachusetts Street Ry,—

2-20

25o

—

...

for

Quarterly ......—
Quarterly
t Quarterly ;;-:fe_„..w.-.—

3-14

pfd. A__

Texas

&

Co.,

A

two

■■

'

(interim)

shares

American

67a

17a

2-l§

3-29

(quar.)———

Orleans

1
3

t$1.25

Eastern Magnesia Talc Co.,

2-20

3-

62 %C

Co.—

New

4

3-. 1

—

preferred (accum.)
Chicago & North Western Ry., 57a
Chicago Yellow Cab (quar.)..

39-

I55AC

(quar.)

East St. Louis & Interurban Water Co.-4

4-12*

5-1

75c

5%

2-15

4-

40c
750

Chicago Corp., $3 preferred (quar.)
Chicago Great Western Railw»ay Co.—■

2-15

75c

75c

East/Coast Public Service Co—

2-20

3-11

25c

—

1

2- 9

fe

3-11

6

8- 6
2-21

8

3-1

37 Ac

(s-a)

5-

8-15

,

2-25

,

preferred

$4.50

fe 2- 8

i;

^

...

3-

3-15

,

,

25c

6

2-15

5-15

—»

'

preferred

Century Ribbon Mills,
Chain ..Belt Co...——

2-21 %

preferred

1

3-

/

50c

■■

2-20

3- 1 fe

$1.50

$1.50

prefet/ed

initial
initial

prior

$7

600

—.i.....

Co.

dividend,

Cup

57a

2-15

1

3-

$75c
(quar.)
Ltd.—
$50c
(accum.)
$20c
Dominion Stores, Ltd. (quar.)
$25c
Donnacona Paper Co., Ltd. Class A .fe..^.,
$25c
Class B
,fe.»ife————fei**.-"
Douglas (W. L.) Shoe Co.—
fe
50C
$1 conv. prior preferred
15c
Dow Drug Co., common (quar.)
17a
$1.75
preferred (quar.).......
50c
Dravo Corp., 4% preferred (initial quar.)..
Dresser Industries, Inc.—
93 %e
3% 7c preferred
(quar.)
fe
60C
Dun & Bradstreet, Inc., common
4 V2 7o
preferred (quar.).. .fe^fefefefe*fe' $1.12 A
$1.25
Duquesne Light Co., 57a 1st pfd. (quar.)rrf

2-15

3* X

—.fe— ;
conv. pfd. (quar.)

Burlap Co.__

Steel

30c

67c 1st redeemable preference
Dominion-Scottish Investments,

3-12

$1.25

Ohio

2-

50c

(quar.

(Western), Ltd., 7% preferred
Dominion Fabrics, Ltd.—

3-12

2-28

fefe-75c

(quar.)

..

3-

Central

2-26

Anglo Investment Corp., Ltd.—
57a preferred (quar.)
Dominion Bridge Co./Ltd. (quar.)__..^
Dominion Envelope & Cartons

3-15

1

40c

3-15

&

2-

3-20

2-20

Corp.—

Class

3-15

30c

Bag

Alkali

3-1

Dominion &

3-15

$1.75

fe

—

10-10

,/v;: $1
X'fe 35c

■

participating

Dixie

____

1

600
...

preferred

Stock

1

4-1

.$1.50

.a—

——fe-;.—

(quar.)

9

7-10

35c
■,

Co., common (quar.)
—
participating preferred (s-a)..^.-^-..

Divco
1

2-15

preferred

Wt'WVIWf Wm

-

.

Corp.-Seagrams, com.
preferred
(quar.)
Ltd.—
American deposit receipts

2-28

$$5

preferred B (quar.)
(J. I.) Co., common_

1

57c

2-15

A

2-

4-10

Distillers Co.,

2-15

Carthage Mills,
6%
preferred

*

Distillers

2-28

Trust,

2- 1

-3-/1-

(quar.)_..i._...

(quar.)

&

Gas

Diamond

2-15

3-

Investment

Co.

DetraioMichigan stove Co.—
57« preferred (quar.

Central & South West Utilities Co.—

2-26.

3- 1

-

3-

Class' A (quar.
Int'l

3- 1

$17 Ac

25c "

preferred

Electric Corp....—.
Detroit Gasket & Mfg., 67c pfd. (quar.)

12-31

3-15

8

2-18

;

25c

67c

$25c

3-

3-1

t37Ac

—■

67a

common....—...^

Products,

75c
fe $1.75

Diamond Match

$12 Ac

6-18

^

"

17c

Co.,

&

Derby

Co., Ltd.—

(quar.)^__..._.^_

3-18

2-21

.,83c

—

,

Quarterly

2-28

1

8

$1.75

Delaware & Hudson

2-15

I

1

1-25

;

1

4-

2-14'

2-28

$1.75

Deere

3-20

3-

1

'

3-1
3-1

fe

(quar.)

3-

8

1

Ltd.

2-21*

3-15

$1.75

(quar.)...——

250

2-15

3-

;

2-15
3-1

3-15

:

'

9

preferred iaccum.)
67c preferred (accum.)—————————
Central Ohio Light & Power—
''fe fe "-'fe'
$6 preferred (quar.).....

3-18

2-15

2-

1

preferred

'
-Class < B(quar^')
Decker (Alfred) & Cohn (quar.

-

3-10

3-

3-15

2-13

2-22

$50c

(quar.)
(quar.)..—

5*

$2

febavis Leather, Ltd., class A (quar.)..,—...

3-9

$20c

Co., Ltd.

$6

3-11

2-

2
2

3-20

1

1

2-

3-

2-13

,

1

4-

(accum.)— $$1,62A

pfd.

23-

2-19

50c

m

(quar.)

preferred (quar.)
preferred (quar. )fefefe^feifefei^fefe4!fe»fe
Press, 4 '/a 7o preferred...
Curtis Publishing |. Co,—
$4 prior preferrd (quar.)
Cushman's Sons, Inc., 77a preferred (quar.)

2-26

4-

(quar.) $$1.12%
—$62Ao

pfd.

.i.'—......

1

3-15

77a

2-15

3-12

25c

,

3-

1

Central Foundry Co., 57a
Central Illinois Public Service Co.—

2-18

3- 1

5c

3-

1

25C

93 %C

,fe

77a

3-"l

50c

2-15

$1.05

3-15

3-

3-15

3-30

/

t$1.25
/

common

Cuneo

2-15*

1

2-15

3-22

Cuban American Sugar Co.—

5

3-15

partic.

Central

3-12

2-

4A7o

Dominion Sugar

Caterpillar

3-15.

fe 2-

3-

2-15

fe $1

2-18

67a

3-15

3-11

A

1

3-

50c
50C

Co.—

4-25

7 7<j

3-1

-

150

93c

_.v

Insur.

3-15',

$1.05

'

3- &

$15o
$15c
$25o

Case

4-1
3-1
3-15
3-30
3-1
3- 1
fe' 3-1
3- 2

3-15

35c

1-31

.

50c

preferred (accum;
Canadian Locomotive, Ltd.—

2-11

3- 1

3-

3-15

;

Zellerbach Corp., $4.20 pfd.

77o

1

3-15

2-15

(quar.)...

1-31

$1.75

57o

2-18

—

1-31

1

$2 class A preferred (quar.)—
Carpenter Steel (interim)..:
Carrier Corp., AVa7o preferred

2-18

fe 2-11

3-1
3-1

5c

1-31

1

1.

Carman & Co., Inc., class B (irreg.)—,

3-11

3- 1

&

Canadian
;

2-11.

3- 1

Co., Ltd.,
(quar.)

Canadian Food

fe 6-22

3-1

—

1

3-

(quar.)

common

Canadian Fairbanks-Morse

9

41 %c

pfd, (s-a)

3-

$1

i

Canadian Celanese,

5*

3-

rS; 3- 1

—

Baldwin Locomotive Works, 77a
Radio
Show,
Inc

Baltimore

67a

Bread

$2.10

2-16

! $1'
.3-13
37%c 7*3-182 fe
'7
75c
,3-1

Corp. (quar.)

3-

15c

preferred...—.^......—. $281/10c
Ltd.—
$$1
Funding rights (year end)

2-28

25c

(quar.)«

20C

$1.12 %

;.fe:'

Seal,

61

preferred

$2

2-15

(initial)

Co.

Canadian Breweries. Ltd.
Canadian Car & Foundry

3-20

10c

pfd.

4

>

Life

Cement, Ltd., 6A7o

Canada

2- 8

:• 25c

_

conv.

3-

Malting Co., Ltd.
Canada Northern Power Corp., Ltd.—
Common
(quar.)..

6-22

/fey 50C/// 2-28
y>fe'$5c V:fe3- 1

—

!———_
"A" pfd. (quar.)

(quar;)

350

...

3-15*

'$4 convertible 2nd preferred fquar.)
Crum & Fofster 8% preferred (quar.)......
Crum & Forster Insurance Shares Corp.—•

Crown

2-18

15c

Co.,

•Canada

2-15

3-

Forge

class B

Canada

2-18

7- 5

75c

2-28

y

Canada

,

--V/'

Co. :(quar.)

Atlas Corp., 67a preferred (quar.)—
Atlas
Powder
Co._—.i—^

2-

Phosphate Co.__i.

Cork

Crown

2-u;

3- S

2-25*

;

Corrugated Paper Box Co., Ltd.—

2-11

1

25c

(quar.)

States

3-

of Reo.

25c
's' 3-15 '
993Ac ■/fe 4- 1

(Interim)..

com.

57a preferred (quar.)-.-.^...^^..^../.^.^
Crane Co., 3% 7« preferred (quar.)

1-29

3-4

35C

\3- I

Campbell Wyant & Cannon Foundry.—_

'

prior preferred, (accum.)——„_
$1.50
Artloom
Corp.
(quar.)>-——
10c
Ashland Oil & Refining, 4%7c pfd. (quar.)_
$1.06'A
Common
(quar.)
10c
Associated Dry Goods Corp., com. (increased)
45c
67a 1st preferred (quar,)—.————,
$1.50
1% 2nd preferred (quar.)———i...—» fe'fe $1.75
Atchison, Topeka & Santa Fe Ry. Co., cotp.
$1.50
$6

1-29

10c

Extra

2-28

X 2-

Power

Central Arizona

(quar.)—..

2-11

$1

convertible prior preferred

Camden
,

2- 9.

15c
15c

2-15

3-4

Inc.,

(quar.).

preferred

Coronet

■

3-va

3-1

Elec,

Mills

California-Western

Arkansas Fuel Oil Co.—
———

1

2-28

V

Co., 1%. preferred (quar.)....

Cotton

California

2-11

3-1

•

3-

12 Ac

Butler Water

2-28

12 %C

(increased quar.)

•*.:

3-14

3-11

.

40c

Concen^2'

•

6- 1

:

(quar.) —
Arkansas Natural Gas, 6% pfd,

&

2-15

20o

:

(reduced)——

Mining

i.;

..

7- 1
2-28.
3-28
3-15
4-1
4- 2
4- 2
3- 1

Co.," common——i—25c
$3 participating preferred (quar.)———•,—
75c
Participating:-;
6'Ac
Argus Corp., Ltd.—
4A% conv. preference (initial quan)— $$1.12%
Arizona Power Co., $3.75 preferred (quar.)—
993Ac.
preferred

2-25

Angeles)

com.

* 2-15*

1

preferred

Holieri

Payable

4334o !V 3-1
(quar.)..
fefefe^fefefefefefefefefefe::
Continental Tel. Co., 6 VaVc
$1.62 A •;fe-4-1
pfd. (quar.)__
$1.75 «C'4*. 1
77o partic. preferred (quar.)____
fe ; 20c -fe:;fe3*;i;:
Cook Paint & Varnish Co., common (quar.)
3- 1
Tfefe 75c
$3 prior preferred (quar.)
-fe
3-12
200
Cornell-Dubiller Electric Corp., common—.
4-15 v
$1.31 >/4
$5.25 preferred (quar.)—

fefe',7-%'-

2-21

3-

Share

Name 0/ Company

•

Continental Commercial Corp.-—

1

3-15

12 %c

Sullivan

$3.75

1

2-

(quar.)

Burlington Mills Corp.,

2-11

Atden .Farms

Armour & Co.

(Los

3-

■'

Continental Can Co.,

,

3-20

1

2-15

fe $1.25

(quar.)

(quar.)

&

4-

20c

.

'

67a

prior preferred

trating-

•

,

2-18

2-25
3-15

20c

—

$5

Inc.

3-15

/

;

Machine

Hill

25c

15c

2-18
;fe 4 7o preferred (quar.)
3-11
2-19
Burroughs Adding Machine Co.
3- ;1
2-28
;
Burton-Dixie Corp.
(quar.).3-15 r
2-15
Bush Terminal Co. (increased)
3- 1
2-15
Butler Brothers, common (increased)
3-1
Extra
3-1
.2^4
fe 4 A 7o preferred (quar.
{ ;/fe.

3-30
3- 1'

17a preferred (quar.)————— -—
$1.75
American Sugar Refining Co.———__—$1.75
American Tobacco, common (quar.)
—
75c
■
Common class
B__—75c.
Extra on common and class B
—,25c
Amoskeag Co., common (s-a)——
75c
$4.50 preferred (s-a)
————
$2.25
Ampco Metal, Inc. (year-end)—
—
10c
Armstrong Cork Co., common (interim.)—
25c
Anglo-Canadian Telephone Co., CI. A (quar.)
$15c
Archer-Daniels-Midland

'2
■>

2-15

quar.)

Fund, Ltd...,,;..

5

2-

64c
50c
$2
50c
25c

Mill—
————
$3 pfd.; participating
St. Refining. Co. (quar.)-.
American Steamship (quar.)
American Steel Foundries (quar.);„
Co.,

American Smelting

(increased

Bullock

^2-15ll

60c
25c

Rolling

American. Service

3-1 .
2-20 /

2-18
3-20

lOo

(irreg.)T——

Corp

Co.

Bolt

Canada

(quar.) ———$1.75

Railways

.

,

•-—,

preferred

American
American

«

3-15
3-12

15c
$4.75

(accum.)

American Radiator & Standard Sanitary—
■

&

3-1

50c
—,—_—35c

(quar.)—

Coi'p.

Die

3- 1

.

—

Service

Buell

3- 1

25c

(bi-monthly)

Co,

G.),

3-1

common———

American Meter Co., Inc.-_^.—■,
American

(E.

3-15

,

Line

Budd

3- 1

15c

v

Pipe

fe: 4-19

$1.25

fe, ' "Extra

..$2

——

of Illinois

Falls

r

3-lt-^;

«

(monthly)——20c

American

1

;

,

American

V 2-

<S-I5

•

:—~"...
$1.75
Co, (quar.)—12'/aC
American Fork & Hoe, common——/-25c ;
American General Corp. $2 preferred (quar.) V.
50c y
$2.50
preferred (quar.).
——62'/ac .4
$3 preferred (quar.)
m
75c
American Hide & Leather—
; •;/••'/ ;• -; fe;-, :fey;fe'
67o convertible preferred (quar.)
—
; fe. ,75c
Products

Buckeye

•

$7 preferred
(accum.)
American Forging & Socket

Home

8

3-14

"

t

American

2-

Hill

4-30

Ltd.

Buffalo

r

II.S0

Caecum.')-^—1

preferred

$6

Buck

^2-20,,:

3- 1

,3-4

rtA'

American

? f;

$1.02

fe/., fefe: •

2-20

30c

J

(initial).

Mills,

1

(initial).^

com.

3-15*

Silk

3-

class A

new

Brunswick-Balke-Coliender Co., com. (quar.)
$5 preferred (quar.)

4* 1;;

250

,

preferred

2-14

When

fe Per fe,.

of Re0.

Payable

$20c

Inc.,

2-15

-Oo

Co.

Insurance

(quar.)———

Louis)

American

V

1———-

Co.,

Bruck

3"

+$Ljj>0

————

$3.60

3- 4

*;"fe$

Shoe

Share

2-28

2-15

25(5

■——-fe/

Ltd., common——
preferred (quar.)—

Aluminum,

Brown

& Wire Co.,

Fence

3-15

3-

84

pfd.

47</

Co.,

Cement————
—r.-'&M
Goods Manufacturing (quar.)—.

Portland

Name 0/ Company "yfefe ;'fefe''fe:;fefe

/'

Brown

1-29

4- 1

.

$1

(quar,l____-w-./yfe.

Manufacturing

Allls-Chalmers

Alpha

pfd.

4%

«

3- 4

'
,.'

vy-V' y*

•]

1-29

Holder*

When

Per

of Reo.

■

3- 4

250:

/■

,

UoUtert

When

Payable

—--V--—12^°

Inc.—.w——vr»h+«—-

Corp.,

'

121/ac

Co. (resumed)--

Alaska Juneau Gold Mining

'

Bhare

Monday, February 18, 1946

,

common..

fefe

25C

$1.75

.

t

(quar.)^.......—

84%C

3-

TV

2-

8

Volume

Number 4465

163

-Per

•I $5;,

'4

Name of Company

7

"General
General

.When t

Bhart

35-

$1.25

?

25c

Outdoor

Advertising, common
tGeneral Steel Castings— '
'
">k :
$6 preferred (accum.)
Tire

'Genesee

.

;

Rubber

&

Co

Class

25c

A—

.Gibraltar Fire & Marine Insurance Co. .(s-a)
Glidden Co., common
I—
4'/a ^ convertible preferred (quar,7

-Globe

&

Rutgers

Fire Insurance

445% 1st preferred

(s-a).

5CO

:

:4

4-20

3-

1

4-

I

3-13*
3-13*

>

2-15

Co.—

-

3-

$2

...—i—

...

Steel

Tubes—

-

7

—

'

Gossard

(H,

W.)

Graniteville

Co.

(quar.)1,

3-

1

2-20

3-15

2-15

25c

———

.

2-15

:

_r__'___4-

3-

35c

-

—

3-114
5-

30c

La

Lake

4-24

30c

5-

1

30c

8-

1

7-25

30c

48-1

.7-25
.

10c

3-15

2-20

2-18

2-

;

,

8

2-18

:

Agricultural-;

3-25

Lanston

10-

9-25

1

.10

2-28

>06

2-28

2-15

.05

.07

.12

2-*28

.04

.04

.08

2-28

Electric Equipment

.04

.11

.15

2-28

2-15

Food

,02

.05

.07

2-28

2-15

1

Building 4

.

Chemical

.

_

.^Quarterly

Admin.

General

Low

!

.08

.10

.01

2-28

.12
'.

2-15
2-15

4.*——

Priced

2-28
2-28

2-15

.10

2-28

'2-15

.12

4

;

4.04

708

2-28

v2-15

-

(

,04

a-- ;7

Railroad

Bond

Railroad

Equipment

-j

Railroad Stock

.04

.04

-

1 Steel-

.06

.04

Tobacco

2-28

tUtilities''/«£—v—,.*444J__
Insurance

.05

2-28

Corp.

2-28

2-15

2-

1-31

Hamilton Cotton Co.,
*

3-

3-1

2-48

;4%

Ltd.

$7c

,/■

$22'Ac
$22 Vac

(quar.)_________

preferred (quar.) —
ftancock Oil <Cal,), Class A (quar,:
;

Class

Y.Y:

Hanley
'

Co.,

1

3-1
3-

87 Vic

1

2-11

3*

k

25 c

•

Common

(

6%

(quar.)

preferred

$1.06

1

2-11

3-12

y*

3-

___

3- 1

$1.50

—

4-20

Hart-Carter Co., $2 conv.

preferred (quar.)4
Haverty Furniture Cos., Inc., corn. (quar.)__
i ;$i;50 ^preferred (quar,)--_.,-.„^„,_
Hawaiian Pineapple Co., Ltd.Glass

■'

250

Electrochemical

Co.,

3-

1

3-

2-15

44lrI54
2-15

1

15c

2-22

3-29

3-19

4-26

4-16

63c

:

2-25

30c

2-26

2-25

2-

3-28

1

3-

2

2-

9

3-1

90c

3-9

2-20

25C

3-

2-11

4—.___—4-——1L--—

82%c

Sudson Bay Mining Co. Smelting Co., Ltd.—
& (quar.)—_
udson Motor Car

$50c

3-

1

1

2-11

3-11

2-

8

10c

3-1

37%C

3-11

Hummel-Ross Fibre Corp., 6% pfd. (quar.)_

2-

;4'3-iL4

$1.50
15c.

3-

4

2-

,

9

2-14

1

2-15

3-1

.

2*15

'

Huntingt.on Water Corp., 6%

pfd.

(quar.)__

$1.50

Illinois Power Co., 5% conv.
Illinois Zinc; Co. (qUar.)
-

pfd.

$1

-

(final)

."Preference

2-7

2-20

2-5*

3-30

2-12

4

$15C

——

(Sra)——

3-30

3%
21/2%

3-14

Ordinary

.

shares

Steel

k5%

7%%

Co.—

$4.50

Corp.,

6%

pfd.

Steel

Stock

2-11

3-12

?,.7%

preferred

International

2-

4

1

2-13

20c

2-28

1-31

of

International

,$L50

;

$1.75

Textbook

Jantzen

—

Jeannette
Jewel

Glass. 7c/o

Tea

,iV2r'c

(quar.)-

Co.,

Inc.,

&

Jones
■

Laughlin

'

&

————

Johnson

>

10c

■

.

1

3-15

2-13

-4 2-15
2-15

-3-

1

37 V2C

42-21

1-31

3-

$75c
;

1 u

3-1

25c

4-;

1

3-

3-

37 Vic

quar.)

.3-38

3-

50C

(initial

2-15

1

2-21

4%

;

$1.25 4

preferred (accum.)
common

(increased)

5%

preferred A

Corp.,
(quar.)

5%

preferred B

35c

__

3-20 4 "3- 6
5- 1
4-17

10c

1-15

—

-

4

2-28

50c

(quar.)

3-15
4-

5

3-

4

$1.25

com.




1 4 -2-25

2-28

$1.06V4
$1.06J/4

(quar.)

3-

$15

(s-a)__——

Steel

2-18

3-12

3-

l;

3-1

2-

l

3-

8

2-19

3-1

2-15

$1.50

3-

4-

1

3-

4

$1.25

4-1 m 3-

4

•

1

3-11
3-

1

■

3-

Life

Insurance

1.

;

1

34-

3-

4-

,5%

3- 8
3-8

8

$4

preferred C (s-a)_

?

■

2-20

V 2-16

3-1

.2*16

3-1
,3- I.

preferred
$7^preferred

3-15

2-28

l»4c

3-15

25c

3- 1

2-15

$1.25

3-1

.'•2-,$'5

.3-1

2-8

4-1
,4-1-46

2-22

2-16

3-15

.

i

4-1
3- 1

2- 9

$2.25

6-1

5-10

6- 1

5-10

6-1

5-10

3-15

3-16

3-

2-27

$4

I

Acme

Co.

Biscuit

pfd. A

National

lanen

:

2-19

3- 1
2-21

2-

7

2-

4-15

2-

25c

3-11

'4

25c

;'"V..32c

com;

-

Treating Co
Machinery

-

4-20
7-22

10-22

3-JL

2-18

3-15

2-15

3-1

2-15

25c

3- 1

(quar.).

!2-19

3-15

6%

1.

3-

V

1

3-

9

3-

1

2-15

3-

1

2-15

2-20

2-21

2-14

4 2-21

2-14

3-11

•Si 2- 4

;;

:'\3*-i
;

3-

2-19

1

,2-19

4 3-1

4

2-15

4-1

3-15

3-11

2-8

3-1

2-12

3-15

2-20

3-15

2-20

3-

5,

3-

1

3-15
1

2-26

3-1

1-25

4-

3-

1 ' 7, 2-

1.

5-

7

4.-2- 9'

2-25

3-30

3-20

2-19

,

3-20

2-19

2-25

2-

5

2-18

2-26
1

2-15

.

U

2-26

5-31

2-19

,

5-25

;'

6-15

,

-

4-

-40c
62%c

5

,43-15:"'

'

.3-14

;

2-28

'-';-.4':' 4
—

50c

,Y.)—

,

Electric

1-25

i

2-20

?

3- 1

2-20

4 3-15

2-28

3-15

2-28

i

.

,

$$1.75

V'.v'.li

.

^

8

1

3-

,$1,37 Va
$$1
*lc
$2
10c
25c

5-io

4-10

3-

1

2-16

3-

1

2-15

3-8

'

1-28

vOc

4-

1

3-15

$1-10

3-

1

•2* i

.

•

.

2-28

33V3 %

"

Co.,

2-13

2- 1

4.4

Corp,

Corp. (quar.)
Co., 5% preferred

2-13

2-25

,31

3-

2-25

10c
25c

——

Mulliken

3-15

1

3-29

®2C
:■

*

—.—r

—

dividend

4-

31

———

4

(quar.)—

W

a

3L75
$1

3-15

1

,3-15

3-1

2-28

4-

$1.50
.

3-1

,

;4;$LpO

.

2-20

3-9

$1.75
$0c
25c

2-21

2-20

2-11

1

2-18

...

,

•

25c
40c

25c

,

n

$1-$°
30c
25c
25c

com.

(quar.)——-—

2-11

;;;4.4«'::'l

•/; $1.25

—

(s-a)-..-.

2- 1

1

3-

20c

$1'4°

;

4

3-

3-29
3-

3-12

8

2-21

43- 1

2-11

4:4-

1

3-1

4> 4-1

3": 1

4:3-31

3-

1

3-31

3-

1

4: 3-

1

2-15

3-

1

2-11

,3- 1
3—1

50c
4,3- 1
- Joe;
4-15
--44 a-*1
4 3- 1

1

7-31
2-15

3-25

3-

6

5-15-

5-

6

-

Electric

preferred

Pratt

Corp

Power,

5%%

(quar.)

■

2-11
2-

1

2-

7-

4-

1

2-15

2-25

2-20

2-1

4-

1

3-15

3-

1

2-20

3-.1

2-15

,3- 1

2-15

3-

1

2-15

5-1

'5- 1

Proprietary

(quar.)

Mines,

——-

2-

5

5

Prosperity Co., Inc., 5%
Provincial

Transport

Co.

1

2-15

3-

1

2-15

4-15

3-20

4-15

3-20

3-

1

2-19

3-

8

2-

8

$1.25

4-15

4-

preferred (quar.)—
(s-a)

5

120c

2-27

2-

8

,

cft

$$1.50
$75c

$2^50
$5c

Ltd._—

2-14
2-

,3-

(quar.X,. $1.37Va
$!•?";

—^—;—

of

Food Co.

-

.6- 8

-

'
.

.

Canada, Ltd.—
4i "
6%
1st preferred (quar.)
——
6 %non-cum. partic. pfd. (quar.)—

Power

3- 2
2-25
-4 2-25

2-13

3-11

*

Potomac

-:

8-15
2-25 '■

2-13 '

9

.

2-25

3-1

3-

2-15

9

3-

(quar.)
Photo Engravers &* Electrotypers, Ltd. (s-a )■.;.. +50c
Piper Aircraft, 60c conv.. preferred——_ :. ;. 14c
Pitney-Bowes,
Inc.
(quar.)-—, 10c,,
Pittsburgh Bessemer & Lake Erie RR.^ (s-a)
Pittsburgh Coke & Chemical Co.—
$5 preferred
(quar.)
7'.'","
7
* 1
Pittsburgh Steel, 5%% prior pfd. (accum.)
$1.37 A
Poor & Co., $1.50 class A preL-Jquar.)37 Ac
Class B .(increased)——
Potomac Edison Co., 6% preferred—. $1.50
7%
preferred

9*

10-30

3-

1

1 '

2-28

?

3-15

$2.50

—

$44preferred

9*

2-

25<;a

(quar.)

.-4
„■

(s-a)

preferred

6%

2-18

.

8-1

$1.12»/a
$1.75

>$1.25
$1
25c
National Tea Co., 414% pfd. (quar.)——
53V8C
Common (increased)
20c
National .Union Fire Insurance Co. (s-a)^__
$1.50
4
Extra
;
~'vM.YY $1
&

National Rubber

'2-

8

3-1

>3-11
;2-28
5- 1

3-10

40q

Phillips Petroleum Co. (quar.).————.
Pillsbury Mills, Inc.* common (qua,r.)———

8

$3.50

National Oats Co. (irreg.)
National Paper & Type Co.—
5%
preferred (s-a)

National Pole

3-

20c

$7 ^preferred (s-a)
a$5 preferred (s-a)

-

2-15

$1.06
,-35c-

■

11-

11-15

8

3-15

40c

''

(quar.)
$1 preference common (quar.)—
Philadelphia Suburban Transportation Co—
Philadelphia Suburban Water Co., common

3-8

2-28

5

2-5

8-1

$1,75

a-.

—

Philadelphia

8

3-1

30c

,,

4

.2-15

$3.50

Corp.,

(accum.)

—

<;$5, preferred (quar.)——T———r
$6 preferred (quar.)-a.——

-

".2-15

3-.1,

J_2c
"
C* 2c

Service

Interim.

Philadelphia

2-19

$1.75

'

—

_i__

Co., $4.50 pfd. tquar.)—
Co., 7%
pfd. A (quar.)

National

1,

15c

Co.___

National Department Stores, .6% .preferredNational Electric Welding
(quar.)

Lead

3-

50c

Container

National

$l
$1

(quar.)

Corp.v (Del.)
National Cylinder Gas (Del.)
(quar.)______
W:AVt%
preferred
(quar.)___
National Dairy Products (quar.) —

-.:

.

,

'

(quar.)

■

preferred (quar.T—
Pictures, Inc. (quar.)

Phelps-Dodge

3-1

,50c

Fibers

Quarterly
Quarterly
National Gypsum

•

-•<

$13-1*

(quar.)—,

(quar.)

(quar.)

Pfaudler Co.,, 6% /prefei$^d,(q^ar,)_.——-4;
Pfeiffer Brewing Co..

;

.

Co., common

preferred

8*15

3-15

5

2-

5-

25c... 4

.

$2

(quar.)

Automotive

National

.

5

2-

2-

•

Pettibone
3^15

45-15

———

National

2-15

3-3

5

2-

2-15

,

Co.—•__4

Pennsylvania State Water Corp.—
$7. preferred (quar.).
——«*
Pennsylvania • Water & Power, com. (quar.)_
4 $5 preferred (quar.)'——.....
————
Peoples Telephone Corp., 4%% preferred—,
Perkins Machine & Gear Co.—
7% preferred (quar.)——
——
Peter Paul, Inc. (quar.)——
..——4

1

6* 1
9- 1

a__

2-

4 8-14

15c

;

4

Manufacturing Co., common (quar.)

Stock

V

lc

5

•;Z 5-15

:

4

Pennsylvania Exchange Bank (N,

2-28

3-15

—

:

2-

43- 7

.

Pennsylvania Electric Co.—
4.40% preferred B (quar.)———.

2-15

6- 1

"

(quar.).—

Brush

"Common

2-15

3-15

$1.75

Muncie Water Works .Co.—"
8% ""preferred
(quar.)

84c

Cement Corp., vtc.—4_———
Peninsular Telephone Company—

3- 4

50c

5

2-5

2-25

IV/20

Peabody Coal Co.,,6% preferred (accum.)—
Peck Stow & Wilcox Co.————.—.

3* .1

;>$1.75
-I———. ;$1.75

(quar.)'

2;

profits.1.

.

$7Vic

(quar.)

$7 ""preferred

securities

.04

—

$5,.50 preferred . (quar,——
Pa ton Manufacturing Co., Ltd., coin, (quar.)
7%> preferred (quar.).a-_i—————
Paymaster Consolidated Mines, Ltd.—

2-22

,$2.25

—

2-25

—

.

Parkersburg Rig & Reel, common
:

2-28

$1.25

:——

—

5

Peerless

liquidating)_____——,4V|jC

(quar.),

2-

———4__—.
'Extra
-——4i-44444-44———.
Parker (S.» C.) & Co., 40c pfd. (quar.)_—^ ,

2-16

^
common (quar.)___

•

5

Parker Pen Co. (quar.).—

(Springfield,

————————;

$7
>

2-

—.

preierred

4%

Mother Lode Coalition Mines-

(linal

5
5

2-25

4 dend basis.

3-

3- 9

$2
Montreal Cottons, Ltd.;
$$1
7%' preferred (quar,)—$$1.75
Montreal Loan & Mortgage Co. (quar.)—__
$31'Ac,
Morgan {J. P.) & Co,$2
Preferred

5

2-

2-

Pan-American Petroleum & Transport Co.-—
'j -Increased
44.4444444444a44_4.a——,
Panhandle East. Pipe Line, common
The common is now on a quarterly divl-

3-

25c

,$4.50 preferred A (s-a)——

2-

2-25

<

Common

2-15

4-

$1,06
$t".

jj$4.50 preferred B ,'(s-a)_______.

5

2-25

.

Fibre

Pficolet
■

3- 4

$1

JMass.)
(s-a)
Monroe Chemical po., $3.50 pfd. (quar.)____
Monsanto Chemical Co., common (quar.)

5

2-25

Shares—;

Oxford Paper, $5 preferred

3-20

4-

,

Ox

2-18

3-11

& Co., Ltd. (annual)
$$2.50
Monarch Knitting Co., Ltd., 7% pref. (quar.)
$$1.75
5% preference (quar.)—$$1.25

Monarch

5

2*2-

.08
—,09
;
■ .07

Paramount

—,

2-

2-25

.

2-15

3-29

5

2-25

2-25

——

,

4 2-15 4

:

25c
,a,

5

15cv 4
Ogilvie Flour Mills, common (quar.)_
*
25c
7% preferred (quar.)—44
—
• 4
$1.75
Ohio Power Co., 4Va% preferred (quar.)—
$1.12V2
Ontario Manufacturing Co. (irreg.) —4—4-.—
50C
Orange Cruch, Ltd., 70c cohv. pref. (s-a)—
$35c
Otis Elevator Co., common——
——
20c ;
6% preferred (quar..)—• $1.50
Outboard Marine & Manufacturing......... J :
25c.

2-15

3-1

25c

—

preferred B,(quar.)
preferred C (quar.)^:

2-

.03

Oak Manufacturing Co.4_——4_—^44

'

20c

"

Mitchell (J. S.)

7 >2-11

k.'Y/:Y.[-rY
—

preferred -(quar..)—

Johnson

2-5

,3-30
v

.

Co..

Machine Co
Knitting Mills—

"5%- preferred

5-21

3-1

7% 1st pfd._ '$$1.16%
$$1.16%
(increased) —
$1.50

Utilities Corp.
Corp. ;(quar.)^

3-1

$55V2C

■

—

Investors- Stock Fund,
Inc.—i———4.-4,-^
Irving Oil Co., Ltd., 6 %, preferred (quar.)„

Jaeger

.3-11.

'

Canada, Ltd.

International

Intertype

35c

.4% preferred D (quar.)
Missouri-Kansas Pipe Line Co., com. (irreg.).
.Glass B (irreg.)—
—_1
.Missouri Utilities "Co.j common -(quar.)
5%'preferred (quar.)

7%

Co., Ltd.,
Co.

4%

(quar.)

$4 preferred B (quar.)
,1
Murphy (G. C.) Co. (quar.)
1
Muskegon Motor Specialties Class A

>3-1

t40cr(
Power

.Common

5

2-25

^08

Share Corp., 4V2% conv. pfd,—
Hundred Corp,j class 33 (quar,)

Oahu Sugar Co.

2-15

50c

Munson Line, Inc.

1

.

3-15

2-15

(quar.)

3-15

3-

^Quarterly
Silver

Co.

3-15

„.$1.50
$1

(quar.)—

International

Water

National

Nickel :Co.

International

Middlesex

3- 1

,

,

1

.

3-30

3-

2-15

1

(quar.)'____

4-1
.

3-9

&.-Bond Group fhares—

Co.—

3-1

(quar.)
50c
!
50c
(quar.) —$2
Reclaiming Co,,. $4 pfd
$1

Rubber

2-

2-

Series-..;—,44

——-

Minneapolis-Honeywell Regulator .Co.-—

3-11

$1.62^

Co.—————

Harvestor

Midwest

5

2-15
;

4-1

$1.12y2

(accum.)_

International Business .Machine Corp.—
i New (initial quar.)—i.
J——
International

2-25

9

Mullins Manufacturing—

Institutional Securities—^
\

2-15

3-

3-

Mount Diablo Oil Mining & Development Co.

3-1

50c

Ingersoll-Rand Co. .( quar.)-j——-V
Inland

2-28

3-

__i__—

Corp.

5

2-25

.

42 %c

.

.C

2-12

2-

1

3-20

$1.25

—

Silica

3-

18C
20c

Series A (quar.)
Corp., common (quar.)
preferred A (quar.)——_______
Rayon

Industrial

3-14

•

12'/2C
'

preferred

Industrial

Service

preferred

(quar.)

(final)———

Products

4-4
2-14

25c

2-5

.

Imperial Tobacco of Great Britain

Indiana

,8%

2-12

3-30

.

Indianapolis Bond & Share Corp.—;
Indianapolis Water Co.;' CI. A com. (quar.)

4-10
2-28

93%c

______

Publishing Co. (increased)
Porcupine Mines (quar.)

Public

2-

2-25

2-25

"

.3- 2
3-21

25c

(increased)

5

.04
.10

;

——

$35c

Midland Steel Products, common
$2 dividend shares (quar.)_

2-11

Ltd.—

—

Common

3-1

25c

——

Imperial Tobacco' Co, of Canada,
Common (interim) •i.
,.

—

1-25

S4

1

4-1

$1.621/2

^.$3j75

2-11

2-20

$10c

(accum)

3-1

40C

(quari)————

3-1

$1.75

4 ,7%preierred ?(quar.)—
Idaho Power, common

2-16

3-15

$1.50

■

___

1

3-13

88c

2-15

3-

2-15

2-15

4

3-22

3-11

3-1

—

$1.25

——

preferred

7,

3-15

$1.06 V*
Horn & Hardart (N. Y.) 5% pfd.
(quar.)
Houston Light & Power (quar.)
_L_
Howard Stores Corp.;. common---

2-12

3-1

25c

7 40c

:

4-

$2
20c

4'2-i5-#

Michigan

2-15
•:

(quar.)__

com.

5 4

—

3-15*

3-1

$1

<

51A%

3-22

2-15*

3-15

$1

Chas, E.) Co. (quar.)__;T
Honolulu Oil Corp, ________

(

4:2-15

1
1

25c4

$4 conv. pfd.___

2-

—

2-15

15C

Paper Co.,

3-

$5.50"preferred B (quar.)
—:
$1.37%
Distilling - Corp. (Terra Haute)—
50c
Merritt-Cbapman & Scott Corp.—
6xh% preferred;A4quar.)
:
-$1.62Va
Metai Textile Corp., $3.25 partic. pfd.-(quar.)
,8114c
Metal & Thermit Corp., common
(quar.)__
35c
7%
preferred ' (quar.)
" ^ $1.75
Metropolitan Edison, 3.90% pfd. (quar.)
97%c

.,4-- 6,

15C

Hinde & Dauch

5

Merchants

'•

: 4-1

Monthly
Monthly

Hooker

4-

25c

__

'

2-

3-10

Corporation, common
$6 preferred A (quar.)

5

2-

2-25

■

3-31

Mclntyre

2-15

2-25

$1.25

Hecla

Hires

.

25C

(quar.) ______
Mining Co. (quar.).
Heyden Chemical Corp., common
4
4%
preferred A (quar,) ____-___.._«._4
YA% preferred B (quar.)—
_*7__4.
Hibbard Spencer Bartlett & Co. (monthly)

2-14

3-

$25c

■

(initial)

Mead

4

2-14

3- l
2-25

:

37 %c

Co.

3-

,

50c

—

Hazel-Atlas

:

3- 2

25C

*___

(quar.)

2-15

2

3-15

•

$4.25 preferred <quar.)„__
____—.7
Harbison-Walker Refractories Co.—

2-

2-15

3-

McGraw-Hill

'

common___^L_——

10-26

3-

$1.50

(new) quar.)
preferred, •(quar.)—
——
May McEwan. Kaiser Co. (quar.)

2-15

1

5

2-

2-25

(quar.).—44 .50c ,
Class A (quar.
* 4 4
50c,',
Class A (quar.) .4.4-.-—50c
Niagara Lower Arch.Bridge Co., Ltd. (quar.)
$50c
Noranda
Mines, Ltd.- (interim)
:4 $$1
Norfolk & Western Railway Co. (quar.)
$2.50
Extra
-i—. $3 .
North American Car Corp. (quar.)....^—.
■
,30c
North River Insurance Co. (quar.)—^ :
;25c
Northeastern Water Co., $4 prior pfd. (quar.)
.= $2
preferred (s-a)—
________a_—_
$1
Northern. Insurance Co, (s-a) ——
,
..$1.50
Extra'
——
50c
Northern Liberties Gas
60c
Northwestern Public Service—
4.7% preferred (quar.)
—$1.75
,6% preferred (quar.)
—a.——,$L50
Norwalk Tire & Rubber Co., common—
25c
.7% preferred (quar.)_.
...
—
87%c
Norwich Pharmacal Co. (quar.)...
15c
Nova Scotia Light & Power Co., Ltd.—6%
preferred .(quar.)
--i«$$1.50
Nu-Enamel Corp., common (irreg.)
a..*
30c
4 > 60c preferred
(quar.)
—
1 15c

,7-26

$50c,

•'

2-15

3-

1

25c

May Department Stores

f-15

2-

2-25

.07

Scries__________—■

from

8

,04
.07
.05

•

& Co., 4%% pfd. (quar.)___ -$1.0614
Corp., common (quar.)—
25c
preferred (quar.)
^ $1.12Vfc'

2-15

'4;>3f 17

25C

(quar.)

common

(qua!.)_.
Co.,

■'

2-

.04
.06

—

Series

.05

8

2-15

,06

Series__T—4

Class A

3-

(quar.)

Ltd.

'2-14

:

Marshall Field

1

25C

preferred
A.)

3-

Co.

Niagara
Nineteen

Masonite

1

50c

;•

-

(M.

3-

25c

(quar.—•

(James)

:7%

Hanna

5Cc

—-

B

3-15

$1

——

Extra

3-

Shirt

Maple Leaf Gardens,

2-8

3-15

f

Manhattan

'

conv.

:?M Extra

3-1

15c

*_i.4444

common

-

5-1

4-25

11-

Mallory (P. R.) & Co., Inc.—

4

2-13

20c

2-15

2-13

1

Series____——,08

Speculative

♦Includes

2-13

3- I

75c

3-15

1

3-

■

Diversified

1

.3- 1

I25c

(quar.)

3-1

5

?•;

20c

preferred

25c

___________

Stores, Inc. (quar.)
Mines, Ltd.
(interim)

Hamilton Watch Co*;

1st

1

3-

!
50c
,4.r';

2-25
Industry Series——.——,—.,04
2-25
Utility Series.
2-25
Railroad Series a—
+.U*. %
.06
2-25
Railroad Equip. Industry Series.—
.09 V
2-25
Steel Industry iSeries———.--—4
.05
2-25
Tobacco Industry Series
^10
Diversified Investment. Fund...—.;
■
.20* 4 2-25

9

50c

MacLaren Power & Paper Co. (increased)
Madison Square Garden Corp.——

25c

(quar.)—

3-

2-

,50c

62%C

(Dallas)

Bros.

Hallnor

6c/>

3-

40c

•

Co., 6%% preferred
Lyon Lumber Co._a._C—

2-15

.08

.06

Taylor,

$1.27'/a

_

25c

—

Lunkenheimer

'

Hajoca
Hale

Co.

3-1

: 30c

2-15

2-15

*

Gulf

&

j.2;

—

8-

.

(quar.)__
Louisville & Nashville RR. (quar.)—.—
Ludlow Manufacturing &• Sales Co. (quar.).

2-15

1

Public

2" 9

4

1

"

>

2-15

2-28

YYJ07Y

•:-

4.

,02

4197'

4-;

.03

.05

•

_

.08

.03

.04

...U—

2-28

.08
-.,./705>n

7.01,;

.05

'•

2-13

3-

Series___

Industry

Merchandising
Metals .iSeries

1

.Oil

2-15

75c

—

Lord

.04

^

1

75c,

—

4 2-15

Mining
Petroleum• 1

3-1

Loblaw

2-15

;

25c
$1.12Vi

—

—

4

42-28

2-

1

2-25

30c

2-28

2-28

.16

2-18

3-

25c

2-28

.11

..08

!

2-15
2-20

,

Groceterias Inc. (quar.)
——w—
Lpblaw Groceterias. Go., Ltd., CI. A (quar.)
Class B (quar.)__-—i—^—Lock Joint Pipe, 8% preefrred (quar.)
Lone Star Gas Co.' (increased)^:

.07

.08

3- 1

30c

':>Extra.:--——--—-—i—

2-15 i

.04

4 Merchandising

5

33-

(quar.)

Series___

Stock

Machinery

.2-

,2-20

;•

Equip, Industry Series.;
Industry Series

Insurance

1
9

60c

Government Bonds Series.

V?

.

3-28

—

Link-Belt: Co. (quar.)—
Liquid Carbonic Corp.,.«iuar.)

4

5

3-

$1.50

Corp.—

Equip. Industry Series.,
Industry Series.

V';. Food

3-15

3-

50c

Industry

Industry

3- >

15c

.

Electrical

.

.Quarterly
Quarterly

2-15

.11

.10

Bond

Investing Co.

.04

.04

Machine—

Institutional

2-28

.13

.08

.08

Bond

Industrial

•

.05

10-

-^4
4

^quar.).-.--

Industry

.Chemical
/.

7-1,5

2-28

25c

——>——

4-

;

2-13

50c
50c

4

Gas

&

Corp.

Dlst.

Stock

Business

4

.3-15

.

37Vic

Liggett & Myers Tobacco Co., com. (quar.)_
> Common B (quar.)_
—
Lincoln National - Life Insurance
(Fort

2-15

6

2-18

11-15*

$20c

convertible preferred (quar.)...
Life.Savers Corp., new (initial)!_

'

Fully

(quar.)

$4.50

4 2-15.

1

5-15'

,2-28

■i'"„ Building Supply Industry Series—

..

preferred A——
(R. G.) Inc.,-com. (quar.)

Le Tourneau

2-15

.15

3-

25c

series

A

3-21

8-15

25c

Liquid Carbonic 4 V*'/o

2-15'

.05

class

3-

4- 1

,

Bank

2-15

3-15

3-15

preferred-

$5

Electric

preferred

Aviation

;
,

3-15

2-13

25c

Co.

Co.,

Electric

V:-, Automobile

.2-6
2-

Dock

/1 .Alcohol*,&

2-15

1
1

3-

25c

Monotype Machine Co
Laura Secord Candy Shops, Ltd.
Leighton Industries, Inc.—

,6-25

2-28

.10

.07

.05

4.

3-

25c

"

4

3-15

25c

—"

2-13

1

*09

Automobile

\$1,50

—.-u——

—

Common-.

;

Total

Extra

-

k

Aviation-

v

Commor.'

75c

-I———-—

4-15

__

4-1

$1.25

——

Regular
,.03;

Milling,

1

Lane Bryant; Inc, (quar.)i^>._--______—^
Lane-Wells Co.
(quar.)

7-

$1.25

'

Class

Woods

pfd. (accum.)—;
com.' (quar.)

6%

Industries,

the

of

3-1

34%c
:: $1.25

.Griggs Cooper & Co.,-5% 1st pfd. (quar.)—.
5% 1st preferred (quar.)
—

5.10%

2-11

5-

1

Newport News Shipbuilding & Dry Dock Co.
Hew York Stocks, Inc.—
4 ^Agricultural Industry Serles_______i.—__

3-15

Landis Machine Co^ common——25o.
^

.

(quar.).

France

"

$1.75

3-

(accum.)

Brake

York State

Newport

42- 1

4-1

Air

York

New

4 2-19

3- 1
3- ,1

Class A

New

2-15

;3-12

.

1

;».■■■

—

Jersey

.New York

8

1-31

5Uc

:

of Rea.

3-

•

(quar.)

(N. Y.)
Zinc Co
New World Life Insurance Co.______,^

1

2t28

——

,/$54
$50

——

5%
1st preferred
Group Securities—

2-20

—

Great American:Indemnity (N. Y.) —
^Quarterly
774.44
Green Bay & Western RR. Co. (annual) —
Income
debenture : A.444;
Griesedieck Western vBrewery Co.—

^$2 partic.

1-31
2;

Hol&ert

Payable

$1.50

(quar.)_

(quar.).

Inc.

When

Share

preferred

New Amsterdam Casualty

New

1-31

2-25

$30c
7% preferred (quar.)———.$$1.75
Lake Shore Mines, Ltd.
(quar.)
$20c
Lamson & Sessions Co., common^—.:
25c
! $2.50 preferred
(quar.):
i
62%c
Lamston (M. H.) Inc., (quar.)—.
10c

4-24

;

;

——

TVo 2nd preferred (quar.

>

'

.4.—.

.

2-

3- 2
2-28
2-15

Bros.,

6%

Co.,

Nestle-Le Mur Co.—•

1

$1.75,

(quar.)

com.

,

.

2-8

1 - ■4

,1';

Extra

Extra

t

3-

$1.50

Kroger Grocery & Baking Co.,
6% 1st preferred, (quar.)_"

2-18

1

Quarterly :__.v——4* ■

7

2-16

Power

preferred

Neisner

1-31

2

3-15

$1.25

Co.—

jGrand Union Co.-

-

4

50c

37V&C

,

3-

3-14

25c

?

(Goodyear Tire & Rubber, common.^
GoodallrSanford, Inc. (quar.)
$5 preferred (quar.)
———J

3-15

3- 9

Itoehrlng Company (Inltialf-—
25c
Kresge (S. S.) Co.—^30c
Kress (S.\H,) & Co. (quar.)
40c

2-25

4.

The above payment clears all arrears.

'Globe

1

7%

4

2-28

4-

__

2-25

1

3-1

$2.50

(quar.)

Nebraska

3-14

4- 1
3-15

■

Name of Company

1-18

-

s

,

'

\57o "2nd preferred (s-a)———

.

2-18

preferred

of Rec.

1-28

.

Per

.•

Payable

(15c

w—$1.12%
Kayser (Julius) &. Co.: (irreg.)—
Kellogg (Spencer) & Sons, Inc. (quar.)—45c
Kentucky Utilities Co., 7% Jr pfd. (quar.)—
87J/2C
Kerr-Addison Gold Mines,-Ltd. (interim)—
$5c
Keystone Custodian Fund, series K-l——
56c
Kinney (G. R.) Co., Inc., $5 prior pfd. (quar.) ^ ' $1.25
^Knickerbocker Fund'>'( quar;
,
8c
.$4.50

a,

,4- 1

■

40c

56V4c

Co.

$6 preferred B (quar,)——
-i.—$1.50
Katz Drug Co.,
common—;-;T2%c

4-20

1

Brothers

94$

"

Holderi

When

,

Share

"

'(quar.) 4—*...
Kansas City Pow,erl&; Light, Pq.tt

2-8

5- I V

Name of Company

Kable

2-25

5-

7

25c

——

4-8

2-28

25c

—.7-

Brewery. (Rochester),

Class. B

:4

1

■'

'

2-14

2-21

$1.50

';YY:.{Y;;> ■"Y v!Per

of Rea.

i

9

3-12

■

General

Bolder*

Payable

"t

75c

Motors,Corp., common——

preferred■,; (quar.)

■

FINANCIAL CHRONICLE

THE COMMERCIAL &

——

THE COMMERCIAL & FINANCIAL CHRONICLE
A-'"

■*

1

•V

Public

5Ve

Public

Co.

Service

Common

•5ft

2-15

\1%

preferred

8ft

preferred

ftft-'+a preferred
7%

7%

Oil

Texas

Mills,

Hosiery

Inc.,

Eeo~ Motors,*

3-15

3-

1

Trane Co.,

3-15

3-

1

Truax-Traer

3-15

3-

1

3-14

■

"

4

Asbestos

Union

Bag

Union

oiiCo. ot

2-25

3-15

3-15

4*-: It

3-15
2-15

-

3-

preferred

3-5

5%
"

•

4-15

Common

2-21

7%

$1.12'/a

,

2-15

preferred (initial)
respect of each
share

6%

..

rate and $1.07

the- 6%

'

Romec

3-

•

$$1.50

Pump Co.-

10c

.

Bros., Inc. (quar.)—*
_—Ai
Boxy Theatre, Inc., $1.50 pfd. (quar.)

Boos

v

2-15

1

2-15A'.

5

2-15 '

Second1
v,

Canadian

International

class

Corp.,

ft+Uliss B

A

(increased)

S'fierwin, Williams ;(Canada),

1

preferred
Sherwin-Williams

-—.j-

Class

,r

2-15

2-25

■-v.

,

75c

B

Simon

Dairies,

(H.)

Ltd.,

$30c

(accum.)

common

5%

preference (s-a) 4--.-,—
$20c
Ltd., common (quar.)—.
$30c
(initial quar.)—
_v$$1.05Vi

Simopds fSaw & Steel Qo, ;(irreg;i>i._f,—l^eviivSOc

>

-Simmons

Company

4« %

3-1

:

2-

.

3-15

-T-,;

v

Cias? . A. (new initial)
S.'vyec Steel Castings

,

",

4

$50c

$
<

Van

2-25

25c

2

25c

$1.25
$2.0(1

Siiuthern California

.

Edison

Co:,

.6%' preferred B (quar.) —
Southern Canada Power, com.
a
6% partic. preferred (quar.)

■

.(quar.,)

Chemical

Co^

..i;5%

preferred

(quar.

!___

.2-15 *

2-20

5-15

4-15

3-20

3-15

3-15

$1.25

6-15 '
9-16

Pipe

1

Common

(increased

sovereign
Soear &

S

lnvestors;

^

45c

i_

—

3-

10c

2-20

$1.12 Va

.3-15 t

S4.50

conv.

pfd.

R.). & Sons—

-

(quar.)______
,

■

,

New.

.

'$4

3-

1

2-19

■

V

25c

Insurance

3$'AC

Brands,

Inc., common

preferred

Standard Cap

$1.60

& Seal Corp.—
preferred- (quar.)

conv.

Standard
-

$1.60

converiible

Porgings
Oil

Co.

(Indiana)

Standard

Oil

Co.

(Ohio)

California

preferred

E-andard

Stoker

A

•

•

-

v

50c

v-___

(quar.)__v__

'

'

(quar.)

25c

'

50cr

3-10

3-

3-12

3-

6-12

25c

6-

9-12

12-12

40c

'.

0'

2-15

3- 1

./

prior
conv.

Sxmega
Storkline

Furniture

Corp.

r'___l._.

'

25c

4-

1

'<

l

$1

3-

1

(qi>ary)_r_:

12'Ac

>

1-t?if2__r^_A_if; '>' 12!/?c '
•Ssrawbridge & Clothier,prior hfdtTduar.)
<u 50
Stromberg-Carlson Co., 6V3% 'pfd. (quar.)—
$1.62W,'*
Sin Oil Co; (quar.);1 J_ 1ri_ 1*J—4_ 1
25c
Sun ray

Oil Corp.',' 4ys?,:$;jconv."^fd{ITquar.;)-. ■'
Superior Tool & Die Co;__^__:iv_LJI'lX3-:_-.—•'<■
Oil;

6%

•4%- 2nd'preferred

preferred

(quaiV)G—Z

(quar.)




Young
,

2-n
?-

1.
.

: .3-1

..

/

2-25
2-

5c "

2-28

3-1

TOc *

3-'l

•

9

2-14,
2-15,

.

k

Other

5-15

Discounts

&

U

1

2-14

2-14

r

,

Bills;

—

4-

1

Bonds

2-15

2-15

:

2-28

2-11

2-28

2-11

3-11

2-25

Uncollected

1

3-

1

4-

1

3-

1

3-

1

items

•■1

premises

Total

2-15

2-

6d

3-

1

2-28

ft

2-

ftft 3- 7
3-

.

1—

ft

Reserve notes_l

__

bank—reserve

Member

1-31

acct.

Other

3-15

3-

,ft

3-

3—

v-4-

20c

——

A

—.

.1,170
634

-ft.;"; '

V.

+3,791,'305,

ft.

liabilities

Total

2-15

'2-2a
3-

•

5,568

+2,204,552'

-

8G4.040

:

749,834

v >

+ 1,671,168

23,596

+<

+147.813

W78.354

./1^^25,179

+

71,042

+

+

10-3^;io tu>

.;

45,934

1,512,524
2.9,883

+

31

43,581,462'"^ ^154,687

.[

316,797

521,375

—

.

1,730:

+3,688,923;

ft_

Capital Accounts—

2-11

3-15

—

1.685>762»hj0»l7B,04G

3-20

:

2-21

3-15

50c
25c

1

3-1
'

75c

1

2-20

1-

+

f

17.730,288

deposits __ft__ft—
Deferred avai'abillty items
;
Other liabs., incl. accrd. divs..

1

25c

24,155,038

,1.423,312

—

Total

1

3-15

______

1ft,

+156,785

15,693,102
ft-

Foreign

$1.12'/a

(quar.)

•:'+"ft2tf5i:;;J

44,182,758.

Treasurer—gen. acct—

1-31

ft

7

3-

■

62,806

•

264,156

—

23,687
.,..

69,817

+

.,+

Deposits:

9

$1.12 %

(irreg.).—

14Z372
+

33,306

ft*
—

assets

Federal

2-15

1

3-

;

3-20

Co.

Orchids

110

137,670
1,953,432

,

; Liabilities—vi.

37 %c

L_

+ 4,071,303
+ 4,249,691
W-:v

ft.

8

2-20
3-30

40C

Is 9d

(monthly)

+ 147,426

,r: *

Machinery—

Co.

203,480

—

+ 25,437

-

———

Other assets

U. S.

—

2,914,571

—164,021-

3,000

3-18

$1.82 .1

A.'

(quar,)__

Bank

2-11

$1.50

*

+

96,500

23,665,453

Total loans and

1. 2-15

35c

quar.)

+1,524.233

23,252,687

securities

40c

3-

2,122

124,937

2-19

25c

"
'v

74,995'
180,510
'

11

+-

1,401,700
946,892

3-20

1 .'ft 3-15

;

169,267
337,033

2,191

—

'■

Notes:'

1

+

13,000,384
7.843.711

506,300

+

+122,000
—

securities;

Certificates

17

A ft 17

—

411,015

ftg:;ftft;l,75i::

loans

Govt,

S.

.

—*

347,008

securities—.
Due from foreign banks_____
F. R. notes of other banks—

25c

(Rudolph)

(Thomas)

Industrial

2-14

■

1

■

(quar.)__„_
preferred (quar.)

Jr.,

1

2-28,

f$1.12 %
(quar;)— $$1.12"'/a ft

i——_J

prior

3-19

1

reserves-

advances--—

and

25C

.•

& Co.

gold ctf.

5-15

1

Total V. S. Govt,

(quar.)T^A—

—

17,982.973

cash

1

6-

25c

,

1945

794,403

;—

6-

$1.25

preferred

2-15

x

Less 30%

Jamaica income tax.:'t't'0-'0^, tf

•Transfer hooks

,
•

37.Vbc *

13-1

___————

.

Total

T"""'

"

Youngstown Sheet'& Tube Co.

'

45(^

1

Feb. 14,
ft

17,188,565

Redemption fund" for F. R.

2-15*

notes

Inctease( +, or
Since-

Feb. 13,

179,965

paid in_____

Capital

Surplus (Section 7)——ft
Surplus (Section 13b)
Other capital accounts____

1

*—

+

358,355

+ *

13,919; 1;
130,203

•

263

27,428

41,802,

35,608

1

2- 9

3-1
3-15

pfd.

(increased

dollars)

2-15

common

Youngstown .Steel Door (quar.)——

2-11

2-28

.

3-22
2-15

2-28

Extra

Swan-Finch

,

.

W.)

Wrigley (Wm.)
Monthly
Wurlitzer

preference' (quar.)
Coke & Coal Co.

2-15

Manufacturing Co.—_ ftftft " 75c
common (resumed
>fty-: 20c

Pump
(quar.)

4 Va %

'

prior

1

3-

(final)

(F.

4 '/a Vc

11-30

3-

3-

j—.——

V£t

1946

lS""'Asset»rr+|J^$-:^' "Aftft 000000

2-15

;

Gold certificates

3-

29f
85

+ ft

-Decrease (—)

2-15

12 »/2c

+1.302

•+'

1,224

Combined

thousanda of

(to

1

3-

+4^39

15.761

3-

Manufacturing Co., Ltd. (quar.)
Aft
450c
Industries, Inc.; 5% pid. (initial)__
31 V4c

Worthington

I

Stokely-Van Camp, Inc.—
"■S'/Jr

Lake

and

■ft

$2.50

(quafiyL:i—_

'

Statement of Condition of the l 2 Federal

2-15

—

Products

Co.

1

4-

1.685

+

A

7

02- 8

3-15

/

2

ft 146
wr':

'+1,787

9,557

16,335

2-8

Company,

Common

8-31;;

3-15

10c

+

.

,

,

V,

10.209

2-15 :

3-

436

deposit accounts except
U, 8., Gov't Accounts,.

demand

to

Interbank,

2-15.

2-28

,

+.

f + ,.775'
A.W.I

37,821
■

■'

$1.25

Woolworth ,(F. W.), & Co., Ltd.—
'.V Ordinary
(final)
__j1—
I.; Ordinary bonus

.;

3-12

50c

Co

•1.'. 00?

—— -

Reserve Banks

l:'

Corp.,

Oebits

8

3-15

Wor.dall

1
2

&

y

2-11

1

2-

$9

y:_

Ltd.,'4%%

Chlorine

preferred

Woods

3-8

'

Electric

Paper

Woolworth

3-30

3-

?

Whitaker

.

2-11

4-15

25c

iquar.)___v___—;

6

2-15

2-28

25c

,_U

2-

:

3-15

;

0

2-18
'

Brake

'

9

$1.25

(quar.)

Air

(George)

Westvaco

Wilson

'

1

3-

2-28

Weston

$6

3-

20c

__________

Co.

"

•

—

.

290

4-10

3-

+5,172
35$

.

.

Foreign banks,—.....

96c
,

7%; partic. preferred—.
Weston Electric Instrument-——'

;<

3-20

4-20

5c

Wilkcs-Barre

4-30

3-20

3-11

;25c

i'Common

1-31 'M

1
I

3-15

60c

*

3-

I 4~ ^

93'Ac1,
,

2-15 1

6-

:

25c

common—

Co._,

Inc.

>. "...'"''"t

1

3-

(quar.)—y:"v^-V SOc

Phosphate & Acid Works
Stores, Inc., common—,,

Drug,

1';

"

Qommon
Common
Sterling

3-

V

2-15

3-15

40c

7-15

Snowdrift—

■5%~ preferred

Interbank deposits:.

50C

v

preferred (semi-annual)____—

&

'' 0'

\

»,

common

3.0 u

—L203
ft.

4-15

5-1

40c

Corp.__„

Co.
(qiiar.)
Engineering 'Co

*

adJusted__—_——r-—t-.

Ltd.—

(quar.)—

Pump

■'} "I*ri."'

during week^—

$$I

(quar.)

bank s—-

depo£itsi--i__4;-...-^-^i*^^-*--deposits—

•

preferred

Westinghouse
Westinghouse

2-2i;7

•:

5

3-15
r;."•

W

Time

2-18

;

$1

Manufacturing

4-15

-

—i;"

Wholesale

Bros.

3-

preferred (quar.),
if
40c'
COip. (quar.)i_____i___^'
I8%c ; V

of

S'erchi

'

' / t$1.25
;»$$1.25

Standard

"VI

'

(quar.)

Standard Oil

Standard

,

Dredging Corp.—

Standard

33A %

40c
$1.12 V2

i__

Co., Ltd., 5% pfd. rqtar.l

:b% ■ preferred (quar.
Siandard-Coosa-Thatcher
.

(quar.)

(quar.)_^_______—_;

Standard Chemical

'

2-28

1

5-

(Detroit)—

(Quarterly
Standard
.$4.50

;

3-12 ?

$1 *

ft 3-10 :

1

$ 15c

•

Worts,

$4 convertible preferred (quar.)
Western; Auto" Supply Co., (quar.)_—
Western Tablet & Stationery Corp.—

1

'

•'

(quar.)

Accident

3-

545
2.231

——-—•

>.?

2,709

+

Domestic banks___—_~~——

^3-10^"

3-10

75C

preferred

■0823

2-15

% 3-15

f, :

+""419

—

-!k

2-15

(interim)^-;—-

<&

61
27

notes^^iU^^M^^

7,931
U. S. bonds
27,202:
Oblifations guaranteed by U. 8. Government
12
Other securities
i
3.372
Reserve with Federal Reserve Banks
.10,133

2-15

$1.50'

(quar.)

Wentworth

0

3-

common

Other loans.

U. S. Government

2-11

76

Liabilities-

S2-14 -V

:"

$1.75

common

Wesson Oil

t

2-19

1

3-

.

(initial)

common

preferred-

1

2

37V2C

Gooderham

+

ft"

Demand deposits

1

3-11

3- •!•••;•

0^10

Extra

'

S-andard

:

i3V»cv;

37

3-

1,223

ftft" +

Treasury bills

9-20

8

59

+

+

liiV1.

2-25
2-25

3-

$25c

Weliman

1-31

V

(E.

-

v

50c

(quar.)-

Petroleum

Wayne

}<

2-15

Inc.",

piegel,

Squibb

;

4-11

1

$1.37 Va

$1.37V2

1

3- 7
3-

•.^2^

6C

1-0 v4c

5%;
5%

■<,:

-

________,

Co., $5.50 1st preferred (quaf.)
2nd preferred' (quar,)

$5.50

.

quar.)

'

v

5%

2-15*
/t'.y'V.

4

.

Southwestern Public Service—
■

3-

4-i5

•

10-

540

.

—•

«

Balances with domestic

b-20

;•

+

:

—

Cash in vault

.3-21

1

7-1

'f

50c
'

(quan)—___i___T

Washington Railway & Electric Co.,

8-15
1

35C

$4.50

5-15- 't

—

(Quarterly

4-

* ,v"

*

50c

;

__j_

Warren

:

15c

Southwestern Life Insurance Co. oDallas)

Warren

2-15

$l!25

(quar.)
Line Co.(reduced)—

3-1

3-20

,Northam) Corp., $3 pfd. (quar;)
(S. D.) Cb., common—__________
preferred ' (initial)
;

Warred
ty

2-15

\^!o

preferred

0
0

••

$1

•

.

(quar.)
$1 preferred (quar.)——

•

& 2-15

;

u
4

•

Common

4-19

3-1-46

$1.25

v

'■

:

Treasury certificates of Indebtedness—.—1__
Treasury

2-

50c

-preferredv (quar.)

Walker: (H.)

:

?:'c 2-28

-

Mines, Ltd.

Walgreen CO.,

>14

;(5%. preferred (quar.:
Southern

Waite Amulet

1

1

62 J/2c '

-•

A. (monthly

Detinning • Co.,

8-

3-

—

BMUlontmy/.

preierred

v

22-

3-14

•

Vulcan

'

-

.'PSK 1

62'/a c

2-15

3-15

-75c

2-28

62VaC

(quar.)

class

5-20
;<

loc

(quar.)—,

(quar.)

9

2-20

996

pur*

—

uj.

Works Co.

3-

*

0 3-11

0:

prior pfd.

2-18

6-10

,

■

for

Other securities

Loans to banks

.

40C

^

(.quar./—

(aiuutan

2-15

3-1

$$1.50
40c'-

$2 V

dealers

Real estate loans

'

.

and

brokers

7.342'

.

U. S. Government obligatlons___,__

:

1

2-18

3-11

to

Other securities-;

>

3-16

Vogt,ManuiacturingXjrp.!>.(qiraT.

.

__y.

1

Norman

4'/U-

Southern Greyhound Lines (increasea,
u-i-, ;
Southern Railway-Co., common (quar,)___

4-

62j/2c

*

2-I6*

2-28;

'• r $20c

3-16 f

2oc

Co..

prior preferred •(quar.)—__va

•

(quar.)_____

1

(quar.—1_

co.

2-25

37M>c

4-

$2 '

3,283

+

J

v
..

Other loans for purchasing or carrying:
,

common

+

15,135

agricultural

U. S. Government obligations

8-31*
11-30*

3-

and

chasing or carrying;

•

5-31*

9-20

3-11

Co.;

68.223
.

Industrial,

loan8^_.

Loans

2-28*

6-20

1945

+9,216

;

'

3-20

.

••"■'3-15/V

7%:

Commercial,
C"

12-20

$1

^

and Investments-r-total

Losna

'

40C
50c

2-28

50c

Ltd.—

4-10

3-20

(quar.)

3-15 '

30c

6-15

50C

Class

3-11

-45c

3-15

1

■

^

$1.50

;

.

1

7-

40c

Virginia Coal & Iron Co,
Virginian Raflway*6%. preferred (quar.)
6% preferred iquar.)-

2-22'

2oC'

SbconyriVacuura-, Oil:Co., Inc.i^.-.,
( Suundview Pulp Co,v common (quar.)—
preferred (quar.)_________^_____j—_
South Bend Lathe Works (irreg.
Southern Advance Bag & Paper—
i$2 preferred (quar.)______^._____________

4-

_

Loans—total_„__J_
"

.

i Skilsai*^? IttCi,d quatiJ'ilwli-

$1.25

'

'

5UC

Visking Corp.,

.

2-16*

•;

4-

(quar.)
1st preferred (quar.)y._—,
1st" preferred
(quar.)—

Vict

2-16*

a-lb

1

1946

MM

ftAAssets-"-^^

jC

/

Feb. 7,

Jail. 30,

6.

1940

3-15

58

Company (quar.)———.
Van Raaite Co., Inc.
(increased/_—y._
Vanadium-Alloys Steel (reduced/-.A—.
Venezuela Syndicate, Inc._

2

XncretM (4) or ft
Decrease (—) Blnce
Feb.

2-15

.

Co.

Van Dorn Iron

.

3-12.

53c

58»/3C

,

of dollars)

2-15

40C

Co.

of the- assets and liabilities of reporting

summary

3-15

;1

5%

A

member banks follows:

,2-15

53c

"V

"

Ruober

Common

4

2-21 *'

3-20

" 25c

c

2-15

50c

; 5 Vp prior preferred (quae.)

;

vSimpson's, Ltd., 4;preferred
;

2-

3-15

,!

Utica, Knitting Co., 5%

2-28

■

3-1

1

40c

Products

v

2-28

3-15

riPC--

_

3-

1

4-

& Sons,

preferred

3-

3-15

ji

40c' participating

;/

'

3-

50C

*

Laboratories, 52.5u piu.

2-15

3-15

50c

SJvervvood

1

3-

50c

9

3-15

(In millions

Universal

1-31

2-i5

*

* $1

-/

4-

3-

50c

Universal

3V8.v

4- 1

1

(quar.)

Utah-Idaho Sugar Co.

: 4-10

5-1
.

?
v

1-18:

,

2-22

4-

:_k

Canal Co. (quar.)

Universal Insurance

3-12

2-15

$$1.75,:.;

i(

Co."-(quar.

'i'4% 'preferred
(quar.)
Signal1 Oil & Gas Co., class A

2-25

$15c

(quar.),-- '

com.

(quar.)

3-15
1

5

United States Steel Corp., common-• ;-•':$ i
7 Vc
preferred (quar.)
V $1.75
United
Shoe
Machinery (extra)-—' 62'/2c

2-1
2-15 :

4-

A-

•

jeisey

a. .-Potash

8%

3-15

2-25

New

Extra

U. hi

2-11;

2-25

class

Quarteny

U.

1"

25c

T

5

15c

(quar.)

Pipe St Foundry
Quarterly —

4-19*

3-

$1.12 V2
,
,50c

'

—

33-

475c

(quar.)—

Quarterly.
U. S. Playing Card

2-4

$25c

Soaeffer

2-22

'

:

4-19*

1

non-cuhi.

8.

v;

2-26"

10c

iSdawingan Water & Power

preferred

8%

—a— j

•

preferred

United

10c

;

.2-23

preferred

5%

?

23c,

(quar.)

(quar.),

S'irvel, Inc., $4.50 preferred < quar.)
(Wy A.) Pen .Co. (quar.)———
i Extra
—-J-y.—

,

$4

Investment

participating pref.

ifTrtist, 4%
Sertick

■

y

preierred

Learner,

2-19

3-11

,25c

■

___

3-

50c

S.

U.

3-

2-15

$1.75

Graphite

2-28:

,

.

Co.~'.

(quaiv

S.

2-11

1

(quar.)

A

5%

2-llv

.

1

(qUar,)
Co.'__„________

3-10
-

.

Roebuck. &• Co.

V:

;

3-15

4- 1 :
(Helena), class-A (quar,- 25c
3- 1
'
JBuppert (Jacob); Co., qommon-.v.L
:.
:
25c
4- 1 'i
■V Av-4%%
preferred (quar.)
«w
i—$1.12Va
2-25
v SacorLowell Shops
(quar.
ft;- .. 25c-'
3- 1
St.v Joseph Water Co., 6ft preferred (quar.)
$1.50
Sarnia Bridge Col, Ltd
3-15
25c
.Schiff
3- 6
Company
(stock dividend)-,--.
50%
Schulte
3-15 ]i
(D. A.)
Inc., preferred——--$1.87%
Scott Paper, common (quar.)
____W
"
45c % 3-12 i
i
5- 1
$4.50 prefCrreds (quar,)-——-—, $1.12%
*
5- 1
$4 preferred (quar.)
I $1...
Seaboard Oil of Dei.
3-15
<quar.)_____ft.;«_„Aw, ' .
25c
i
Seaboard Surety Co.-—
2-18
f' 30q 1

2-15

$1.25

(monthly)
6.36%
prior
preferred "(monthly)
6.38%
pnor* pi'eierred (monthly/________
7% prior preferred (monthly)
; 7 %:
prior preferred (monthly)
United Merchants & Manufacturers, Inc.—

t

2-15

Rubinstein

Sears

class

6%:

.

3- 9

.

3-1

1

,

> 2-20

>■20

50c!
37 %c

-

I

33-

*'

-

Demand deposits adjusted declined $103,000,000 in the
Chicago District, $37,000,000 in the San Francisco Dis¬
trict, and $205,000,000 at all reporting member baiiks.
Time deposits increased in nearly all'districts and the
total increase was $35,000,000.
United States Govern¬
ment deposits increased by small amounts in all districts
and the total increase was $64,000,000.
Deposits credited
to domestic banks increased; $47,000,000.

3-1

33-

United Ligiii & Railways (Dei)—.
6V0
preferred (monthly

in respect of each.

pfd. (guar.)—

3-15

25c

/DC

U.

a

*,-*5ft".share

;■* Bo Hand Paper Co., Ltd., 6 ft

2-15-

Corf—

U.

share in
formerly bearing

$1.15

2-9

3-1

United ; Fuel Investments, Ltd.— 1

Rochester Gas & Electric Corp.—
4ft

.2-15

3-1

(quar.j

pieieried

:

$1.25

United Engineeriiig & Foufidry

4-15

15C
25c

Hi3-20

$1.25

America, com. (quar.)
(quar.______

Coal

2

$1.12%

of

Electric

Holdings of Treasury certificates of indebtedness in¬
$81,000,000 in New York City and $90,000,000
all reporting member banks.
Holdings of Treasury
bills declined $39,000,000 and holdings of United States
Government bonds increased $18,000,000.
v

Inc.—

(quar.)

Co.

9

3-

$73,000,000 at all reporting member banks; other
same purpose declined $41,000,000.
Loans
or
carrying other securities declined
'
v'. I.
' *
. " V- / ■•«•.
f •
• ;; i ' ■;r \

at

9

3-

3-

o

50C.

in¬

creased

3-20

>3-18

15c
93 %

(quar.)_-________^___
4'/2% preferred (quar.)_

Biscuit

4-12

17% eft.

1

3-20

ft'ft 4- 1 ft

62VaC

(quar.)

(quar.)

Products,

preierfed

United

X5«|

3-

Corp

preferred

b'fo

2-28

3-15

loans

agricultural

purchasing
$47,000,000. • •

2-20

1

3-11

Co.

Lines,

3-

25c

copv. preferred
(quar.)
Al'tists Theatre Circuit, Inc.—

United

ft-'AftV A.".ftAftl

-ft

(quar.)—1——f

(quar.)

Air

0

$1.50

and

industrial,

loans for the
for

2-25

$1.37%

US

California, $3.75 pid. (quar.)

Car

and

2-25

3-15

15c

Corp.

Rubber

Paper

&

Airqrait

5 V2 Vc

United

'

&

'

purchasing or carrying United States Govern¬
obligations declined $67,000,000 in New York City

ment

2-15<3

03- 5 .ft

$65c

common

Street

$205,000,000 in
V.
I , 'I

and

1

.

dealers for

2-11

1

3-

leading

101

creased $33,000,000 in New York City and $42,000,000 at
all reporting
member banks.
Loans to brokers and

1

3-

3-15

50c

(quar.)

(qual'.)___

Co.,

..

$i
20c

(quar.)___

Salle

United

.

13%c ■>
-

La

United

8

—3V/zC

South

Union Tank

..

(quar.)—$ 1.12 Va

(quar,'
Manufacturing Co., common, (quar.)

%ft

Union

8

preferred class A
&%: preferred Class B

■

2-21

8

"-..©ft

Bheem

.208

3-

Inc.-....-.—.__v.

preferred

Coal

3-14

3-

..

6%

prefeired

1

4-

50c
30c

.

5 V2V0

25c

i::

Z__H_

Roller

1

$1.75

;

___

Republic Drill & Tool Co.—
if * 55c conv.
preferred (irreg.)
F<epublic Investors Fund, Inc.—

ft

,

'

(quar.)__;____________21___

Bearing Co.
Tilo Roofing Co., Inc
Toronto Elevators, Ltd.—
5V4Vcpreferred
(quar.)

2-28

5ft

:—

—

preferred

Timken

hi

System

securities

carrying

or

1. Commercial,

ft;M3- i

(quar.)

Associated Oil

3-

15c
$1.25

common..;—

(quar./_
—_ft_«
FJeed-Prentice COrp.
Remington Rand, Inc., common, (quar,)-.-

preferred

dividend

2-15

13-15

preferred

12%c

■

prior preferred A; (quar.)'

Stock

purchasing

demand deposits adjusted.'

,

1-31

Water

weekly reporting member

Reserve

2-26

2-18

10c
37 %c

ft

(quar.)_
(quar.)___

——___

snk

5%

3-1

$1.75

statement of

the' Federal

cities shows the following principal changes for the week
ended Feb. 6:
Decreases of $161,000,000 in loans for

2-26

2-11

3-15

4%

2-18

5

Bayoniery Inc., $2 preferred (quar.)_____—50c
Beading Co., 4ft 1st preferred (quar.)——A *'■/
50c
.

3-15

90c

3-15

Extra

.ft 7ft

35c

50c

Tide

8

preferred
Purity Bakeries Corp. (quar.
Quaker State Oil Refining (quar.)
Band's
(Pittsburgh)
comrnon.-

Real

Co.

2-28

___________

1-24

5% \ convertible

Electrotype

lOc

of

banks

.v

8*

2-

Manufacturing Co.—
preferred '(quar.)_«._k-—
Thompson Products, Inc., common__:____;k

5

preferred

Sulpnur

2-15

The condition

-

'2- 4 vl>

"

,

Monday, February 18, 1946

Condition Statement of Member Banks

1

3-

12- 1 ;

v& mcHimm
;■ iy "1 50c ^ 3- 1; •

$3.60

2-28

Co.,

Rapid

Gulf

w/ ReC.

Payable

,>v

40c
4- 1
30dS':?v 3- l1^

1

1

HoMert

When

Thatcher

2-28

(quar.)_

ft' 8% '■

' v'A

(quar.)_______
Producing

Gulf

«'y

Share

11

preierred

Texas

preferred (quar
Sound Power &

Puget

Company

U____

(quar.)

7%
2nd preferred (accum;)___.._;
Terre Haute Water Works
Corp.—

P

Service Electric &

Public

Co.

Taihpax.Inc.,—_—;—'
Telephone Bond & Share Co.—

(monthly)
(quar.)___
(quar.)_l-

preferred

&

Special
Sylvanite Gold; .Mines ' (quar,)
Syracuse Transit Corp..____„

(quar.)ft+W

preferred

Pure

name of

Swift
2-15

(quar.)

6 ft

>l

ol Re0.

/y>! Per

Indiana, Inc.

of

Public Service Corp. of N. J., $5
.ftft 6%
preferred (monthly)
1

Payable'

x'-v Sharer;'

(monthly) wlw(monthly..,
preferredi; (monthly) .ft..;—^

7ft-

S

ftWftft' *'>

«■

■

Hoiaer»

Colorado—

of

Co.

When

Piefarred
preferred

1

6ft
•

of Company

name

•

Service

':SP'

v>; -"T

.

»

not closed

for

tPayable
resident tax

in

Canadian

15%;

funds,,

U

>**■■■; r'

this

dividend.
r
■.
1
XUayable in U;'S. funds, less 15%: Canadian non-residenta'

tax

resident.tax,.,7%.

deductible
a

at

the

Less British

'■ :v
tax.

source.

Total liabilities & cap. accts._

Ratio1 of
.

serves

note

Non*:

Income 'tax..--..".;

geld
to

certificate

deposit

liabilities

Commitments

trial loans

to

and

F.

LL_

'

+156,785

'

' ^3*,791',"50^,
r

R,

combined,;.make

44,182,758

re¬

"42.9 '

.

"ft;

ft^:ft 'i:m

indus¬
;

1$2T
-•*•«'•

;ft>

■*

I
:

*

,

-i-

t.

Volume""! 63~ "Number 4465

V
"*;•

Corporation and

V

*

" (Continued

\\'S'-'.''' i'S- Yr-

'■

'

'<

"V

'

'

-

from
}\

'

'

v

.

:U.

Months Ended Dec. 31—

Operating
Total

*

1945

-

revenues

oper.

'

$8,260,747

•'

1943

•

and

.Unamortized

debt

5,169,380

Unamortized

cost

income

(net)^1-—12,483

A"/''"'v/i'1.

/'"'AA*:';;'■.ST.1

Gross

■

234,160

:

9,600
'

—————

•

$2,140,232
1,623,351

$623,195

-

162,: p. 2518,

'

>:

.

,

•

$2,472,048

$1,227,856

')r :'///: / ;1945 //>'
.1944
'
rallway/ciA//: $614,459 "W $780,270

from

from

•Net

railway——

*138,176
*341,296

Net ry, oper, income

;

,

76,471

:

-^From
Gross
Net

from

from

12,367,620

2,104,628
*624,040

Net ry. oper. .income-..♦Deficit.—V. 163,. p. 76,

.,

/ 'T

liabilities

premiums

•

Capital

surplus

Earned

■

outstdg.

on

funded

debt-

'

:

•

- «

^

t'C

%

\

^

^

e

«i/t 'X *

'*

>

*204,517

—V.

43,345

1,448.705

2,841,120

flees from coast to

.

Leonard
will

T.

provide

coast,

announced

was

Prior

Beale/ President,

for

the

said

retirement

the

all

ol

immediately

plan,

employees,

from

effective;

officers

the

the

retirement

payments

benefit

l'/a'/t

of

tions.

,

t

Under

monthly

plan,
the

of

employees

lvghest

will

annual

eiigible

be

In

for

the

Creek

may

field

in

surpass

A

wells

more

total

of

and

full

24

and

area

preceding

retirement,

multiplied

by

the

years

of

monthly paymepts will be 40^ pf the highest annual pay
.less an amount equal .to Social Security benefits^
^
^Since

/

ment

plan

of

Oper.

sold.—

oil

This plan will not only affect all workers in the Fenrisalt
plants at
Philadelphia. Corn wells Heights. Natrona and Easton, Pa.; Bryan, Tex.;
Portland. Ore.; Tacoma,- Wash./ Wyandotte, Mich., and Pittstown. N.
J., but Also will apply to workers in four subsidiary companies—Natrona
Light & Power Co.; Natrona::Water Co.; Penn salt Coal Co.? Natrona,
Pa.,'and Wyandotte Southern RR.—V;'162, p. 3079.

and

Profit
Other

other

Total
Prov.

less

Fed.

•Net

^ Pennsylvania Sugar Co.^-Debentures Called—
; ►5

All .of the

have

been

$1,7724100

called

for

outstanding'4'A debentures due

redemption

1, 1946. at 100 and interest.
Payment will be made at the Tradesmen's National Bank & Trust Co.,
'

•

trustee, Philadelphia, Pa.—V, 159^ p, 2013.
j.j- V*.,
:
T''$
\
A>- ,1
J, •-"Ln VM

*<r't f

,

<,

s

$967,492

—

inc.

tax.

I?.•;

K

Vj-

Month of JanuaLy—
\
.1946 "V
Net Mies- —.T——• • .$3,268,907
'

;

profits

tax

: $249,224' 1

of

$677,100

BALANCE

v

—v..'163,

317.

p.

^

'

.' Peoples Water & Gas Co.—Partial
1

excess

Redemption,—

v

Immediate payment of the- full f i-edynptiont price iuay be received
at The
Chase National Bank of- the City of New York, successor

$46,436;

.

notes

110

$679,880;

par)

(108.000

/ •

Xlot&tCh Ws jxeferi

Bcyern-

elected Bxebutit^ #lile^presidentJ.pnti Gen^
Manager, A former Vice-President of Ydfing & Rubicam, ad¬

ral Sales

vertising

Mr.. Houston

agency,

and tales

organization.

has

In the

'

production problems, later being
tration as' deputy administrator
sistant

to

director

the

"y 3079.

of

the

sales

Cost

of

Other
'vVv'b,

the

;

Income

of

He

Price

later

and

Adminis¬

became

relations.— -V.
/' ';■.■/- :•1

:

1

'

"

•*

BALANCE

ASSETS—Cash

.

securities
tax

at

notes,

on

cost,

adjusted

46,350
:

for

amortization

from

of

Federal

domestic

subsidiary

corporation,

etc.,

Government'
(exclusive

of

property,

$1;

deferred

charges,

$40,682;

total,

plant

them

taxes,

possible
trust

future

20-year 4%

'

'

,

to

'•

.■

•

*.

...

the
of

(paid

electric

week

ended

output

Feb.

tor the

company

5,411,000

kwh.,

163, p.

784.

amounted

9.; 1946

or-^"4'!c
::

•-

■

fjom
1 - -•

'

'

to

the
r

■

*

•

and

its

»

12 Mos. End. Dec. 31—

1945

kwh., a decrease of
corresponding
week
of
1945.
•' '
"■
■
;
■■■' ' ■ "•:

Interest "char-n

in

totaled

&

s

or-v-r-

$832,835

reported

year

by

This

a

dlvs._

Fe'der-

1944

1943

,

71942

$2,891,293

$2,762,939

1,083,180

1,087,465

549.^00

--2,582

.468.675
5*1

Crl

$555,005
ind

$906,352

Electrlct

507,955

—A
-•

'

Edwin

"

228,100
?

CRT 4.^1
'

r49,61^

•

'

54fi.(T7fl

87,6° 6

;

in

At.'i

increase

i'».

1

exceeded

162,

the

2823.

p.

-

ij,; >:

•

of

loer"

denr*"!ation.




$797^,023
tuxes.

:ludes

rctirer

\

'

'

1

'•

/

a'.,

p.

-

..///

A'i-;-L:!A

of

held

common

stock on.thii

at .a

price -to

__

of

shares

refunding

of

convertible

the

stock, series A, which will

preferred

outstandlnc

be

called

21.J36

for

are

<

basis -of

one-

be filed- by
be

sh«re-.

j

of

171,875

73,761

75,180
4,307,138
231,824

•/7. 42,905

.

———

•

29,003
"

504,453

763,149

18,233,734

18,036,080

on

-

-undeveloped' water- power
physical property:...——

1.048,134

•—_——•-

1,200,000

10,248,753

10,585,457

6,229,604

—

659,

5,589,972

134,744,608 133,480,937'

'•

,

„

Reading

&

merged

under

the

Columbia

into

'

-

'a-

.

,

f

'
<.

RR.

Reading

Agreement

required for such
of

share

of

merger

$36

of
of

the

$50)

Into

stock

common

:

k>:

share

amend-

a • a ..
• .. a
issued fo»- t'-.e.

is convertible fat the
at the basic conversion

%

,

proceeds

shares of

385

stock

preferred

share.

per

convertible

of

purpose.

convertible

of

value

to be

received

unsubscribed

stock

preferred

the

by

common

Pref--rred

redemption at $125 per share

a/ A At/A./

company

stock

estimated

are

and

to

be

from
the

the

30,000

$1,488,585.

CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
/a

a

:

^

Authorized

.

preferred-stock (par $50)—'
stock (par-$5)—————;

,

Feb.

On

.

20,392

nurnose

-1,549,969

6,315,486
a219,269

which

Stock

1946,"the

4,-

incorporation,

adopted amended* articles of
shares of convertible preferred
the authorized common
to 350,000 shares, of which 41,666 shares

offered,

now

182,500 shs.

shareholders

authorizing, the

are

1 f

Outstanding
30,000 shs.

30,000 shs.,
350,00 shs. j

30.000

and

increasing

shares
for conversion of the convertible preferred stock.
31,- 1945, a total of 32,500 shares of. common stock were
reserved for conversion of the company's outstanding 6,500 $5 convert-,
Stock

from

200,000

$ have been reserved
'

ible

/.for

Oct.

of

As

preferred shares on the basis of - five shares of -common stock
each $5 convertib'> -preferred share.--The conversion privilege
on
Jan. 28,
<
*•)
and 385 of the shares so reserved were

expired
not

required

sold
to

to

have

Iss ;/.?

for

r

/

underwriters
cota1 -of

:

<;

upon *. conversion,-

^re being

ana

ehe

182,500

shares

conversion

the

sale
of

which; shares

offered.

now

rrylerwri'

to
cor.

•

<; n

st.

^

The
:;

13,750,000

1,125,000

L

Common

.

-

4/.':

$2.10 conv.

3199.

convertible preferred

shares

13.750,000

21,778,790
21,778,790
51,475,000 s 5L475.000
2,812,500r a 2,812,50(7

Of these proceeds,
$8,027 will be used to reimburse the company's
treasury for the redemption on Feb. 1, 1946, of the company's $5 coniv vertible, preferred shares/the holders of which did not elect, on or
prior to Jan. 28,^1946, to -convert the same into common stock;
approximately $350,000 will be used for the construction of a new
building now being erected, for the purchase of machinery and equip¬
ment for said building and for moving and installation costs incidental
thereto; approximately $600,000 may be used for the: purchase op.
erection of an additional plant for the production of the company's
smaller motor frame sizes,
and approximately $230,000 may be used ;
for the purchase of machinery and equipment now being used by the
company under a Navy Facilities Contract.
To the extent that such
proceeds/are not used for these purposes, /they will be added to the,
company's working capital.;.
'
'
I

Engineering: & Service Corp.-^Output^

on Feb. 7 filed a registration with the SEC for 90,392
.cumU tiye convertible"preferred" stock (par $100). **..
The compar.y .is issuing to the
holders of-its common stock rights to
8

1

\

liabilities_-'4.>^_.___^_.^4>4-_-_-

other

were

shares

the

comnauy

shares

v'

•<,171,875

PURPOSE—The

Norman

each'

'•■■} 'V'/'

reserve

price

during

of .4#

for

161,703

_•—

•

for loss

and

Each

Supreme

20,392

105,141

/>

1,840~344

credits

arbitrary

-'5/.a:/a/.-.//-••;• //a/a

Shares

•7 15,067

134,744,608 133,480,937

current

The

not

representing 42 2^
total gain in assets

Railway & Light Securities Co.—Registers with SEC—
The

159,774

9,574

declared

163,.. p.

sale

Clark, former Deputy Assistant Chief of Staff for
Headquarters, Allied Expeditionary Force,-has been
appointed, managing director-of-the corporation's RCA International

•

110,476

at $34 per share. ; These are shares reserved for the con-"
version of $5 convertible preferred stock and which were*

1944*

over

,

$212,474,000,

1,120,334

....

5 of/30,000 shares of $2.10 convertible
preferred
stock (par $50) at $51,75 per share and. dividend. A total
of 385 shares of common, stock <par $5) was also offered.

Radio Corp. of America—New Official—

Supply.

/.r;

Feb.

Report-

the company to .policy-.owners and
in
1945, and assets belonging to

of

42,000

2,542
2,169,160

Reliance Electric & Engineering Co.—Preferred Stock:
Offered—Mention was made in our issue of Feb. 11 of
the offering by Hayden, Miller & Co. and associates on-

death

total

71,192

20,200
2,307,660

;/a;/

474,878

by

,

$18,676,000.—V.

ment.

Bal. avail
♦Includes

,

221

1945

occurring

/

l.

1,016,549

$1,381,230

$902,026

346

2,826,000

expense.—.....

and

a

1

•

2,510,000

•

—

'-1N

I-"*

1,887,274

receivable.——.

discount

109.682

35,346"

2,201,694

u—

—

reserve

1,025,846

103,802

Co.
and Stony Creek RR.
Co.?
Co.. Dec.; 31, 1945,'-that they are
to exchange their stock in
said companies for-shares? or scrip for fractions of
shares, of common
stock of Reading Co.
Further information concerning the exchange
of such stock can be .sedured from W, W. Rhoads,
Secretary- and
Treasurer. Reading Co., Reading Terminal, 12th and Market
Streets,
Philadelphia l, Pa.v-V. 163, p. 820.
'-a'aa

a

1,213,947

- -

.;

:

warrants

accrued

entitled

4,013,735

475,956' '

1,149,962

accrued — T——-

which

$1,381,009

$1,377,982

1944

123,861,209

.

1943

•

.

'

This company Js. advising >stoekhol(iers.of; Allen town RR. Co.;'dolebrookdale RR. Co., The Gettysburg is Harrlsburg RR< CO., The North
East Pennsylvania
RR. Co., Philadelphia & Chester-Valley rr,- Co.?
The Philadelphia. Newtown & New York RR.
Co./.Pickering-Valley RR.-

$5,394,742

4,247.807

.

law

SHEET, DEC. 2\

-__

Customers'1'deposits

Ccr.,

1944

$5,625,674

appli¬

tax

;

.

.

1,246,941
7 .570,381
.

deduct,

.

profits

Reading -Co.—=Minority Stockholders of Merged Com-'
panies Asked to • Exchange .Their Shares-^-.
$££££ l

,

$27,110,000

total

Division.—V. 162,

''

Amort.

i

~

-Earnings—

$2,936,121

—-

f

for

not

the

statement.

BALANCE

Total

output of the operating companies served bv"
thl«! rnrpor*
ation for the week ended Feb. 9,
1946, totaled 181,824,000 kwh,
as
compared with 205.p««,000 kwh. for the
.corresponding week last year,
ft .decrease
of
11.5c/oV. .163,. p. 820,

the

$2,924,609

revenues

tOper, (lnclud. maint.j♦Taxes

•

for

131.248,000

Philadelphia Suburban Water Co.
Gross

subsidiaries

income

,

and

excess

—

-V/

'

-

7.9',;,

•Public Utility
r

the

Earned'-surplus

company

>'-\r

;

ihe

CONSOLIDATED

'T'/Vr

sites

1944,

$1,377,867
^.330 /./
'
1J3'

1
.

investments.

the

elsewhere; in

of

it

were

1945

•:•

Reserve

.

.

'

—V.

J?

,

1,

increased

total

provisions

would

company

periods

refinancing

125,103,012

Capital surplus

$54,000;

,467,198

,by $56,098,000 to

year

during

contingecnies,
sinking fund

Philadelphia Electric Co.—^Weekly Output—
The

.

deductions.

,

.

sold

the

from

thfe

which

respective

resulting

"carry-over'"
shown

Income

on

the

'■'0«

Depreciation

$41,220;

Jan.

$1,299,703.

—

.

;

par)

claims of
$10,451,000.'*
The most-striking change in
investment portfolio occurred
holdings of United States Government bonds which

local

$244,000; 6 7c preferred (par $100), $250,000;
common
stock (par $20), $2,500,000; earned surplus, $1,425,984; pre¬
ferred
stock' in "treasury .(114
shares
at
cost), Dr$l0,963;; total,

/

other

terminations

of

in

~i—--——.*,4—

Deferred

deaths

8.9'>

taxes

pay

■

Other

$37,422,000.
">
a.
during 1945 among Provident
policy owners as a result
of enemy action, combat
operations, or war service accidents
amounted

bonds, due April 1, .1957,

$5,518,590.—V. 161, p.. 706.

no

from

Co.-r-Eai-nings-T1

increased.by

War

$5,518,590.

$637,133; accrued royalties,
interest, etc., $19,344; dividend payable on common stock

2,
1946), $31,250; reserves for
$421,8.43; first mortgage and collateral

t.

—

insurance

the

to

reductions

tax

plant

Interest'

revaluation,

surplus
1027/

$1,300,033

this

beneficialies

and

payable,

Jan.

*'

/a, ,new high.
,
>
v
Payments made or;, credited by

(after reserve for depreciation and amortization of $2,069,$1,518,172; construction in process, $74,588; goodwill, patents,

LIABILITIES-^-Accounts

>

;

lapse or surrender amounted
to only. 1% of the average amount of
insurance in force. Outstandinginsurance increased by
$39,590,000 during the year to $1 128 760 000

tax

$10,000;

.

.

and

Voluntary

discount

,

shares

from

687,500

$3;329,829.$4y457l-434

—-

of Federal

required

Dividends

amounted to $76,316,000, an increase
of
5,9The average new policy was for
$6,109 of life insurance, highest
in the company's history.
•
»
:
.,,
,

$0.61

;

1945

deposit, $574,277; C. S

on

deducted

NOV. 30,

New

$84,056

$0.71

SHEET,

hand and

$116,976,

$130,406

-

Aocount s-payable

of

passed the; half billion mark .for.the first
time in its 80-year
history, according to M. Albert Linton,
President,
in his report to policy
owners at the annual
meeting held .on Feb 11
They now stand at $511,659,000,
an
increase
of

equipment

654),

;

credit

'

1945

>,144,934

687,500

dividends

—

amount

Taxes

Provident Mutual Life Insurance
Co.—1945

liability), $359,627;
notes and accounts receivable (including $31,126
owing from domestic
subsidiary and after reserve, $11,7601, $668,015; inventory,:$1,834,016;
investments
and other assets,
$432,464;
investment
in
foreign subsidiary
corporations
(10071-, owned), $6,748;
investment
in
wholly
owned

;

$42,398

.

v

earned

(net)—

-V.' 162, p. 2398,

8,383

64,350

,

$96,537

'

/

$160,887
—.

-

revenues

income

interest

Assets of

Earnings per common share^
1

Income

Net -income

uu'rp

test.)—

'1

•..

operating

"Other

$122,022
-

3,578

'

.

Net

p,

2,416,983 & 2,443,965

taxes—

oiv income

'

Portland Gas & Coke.

$2,565,987

$157,309

J1'

arising

1944

.

$2,574,298

Net .profit

'*

.-

19,581

as¬

162,

-//i ]'*»'

1945

*

—

'i

'

Gross

-

before Federal

»

Net

(net)

\'"P-

$226,438;

12 Months Ended Dec/31—
"
1945.
Operating revenues _$6,218,982
-Total operating revenue deductions...
-4,919^279

sales

procurement

Office

o:

shipped—y.———

profit

Federal taxes
'•

:

merchandising,

rationing.
'■

net sales

Profit

'

In

handled

;

shipped—

.: Operating

•

for

"

*6 Months Ended Nov. 30—
Net

•

lie

lent to

bureau

surplus

surplus.

:

Pfaudler Co.—Earnings—

(

■;

specialized

Army

$21,587;

«

1,144,000

$4,017,329

prior preference stock —;4
•Commons stock-($ 10 "par)
1st mortgage bonds, 4'A'» series due 1972...—
Serial notes payable to banks, due. 1947-1949—
Notes payable to banks: (due within year)-

JIncludes excess profits taxes of

.$150;726; $otal, $1,442,134.—'V» 161/ p.

Pepsi-Cola Co.—New Official—

123,353

LIABILITIES-^

$6L979

a

post-war

/.

stock

common

paid-in. surplus,

New- York, N. Y.~163, p. 76;

$554,755

—„

————

Total—

taxes payable- (after taxanticipation
$724,995), $13,181; accounts payable, $107,1)77; sales tax col¬
$40,708; payroll tax collections,- $60;881; accrued
liabilities,
$.1.20 cumulative preferred,
participating stock (84,985 shs.

of

lections,

capita', reduction

trustee, 11 Broad St.

.

.

v',

.^.LIABILITlES-r-Federal incorae

the

of

$360,100

profits

.—.

Other deferred debits—

profits tax of $234,000

SHEET, JUNE 30,

outstanding Oregon-Washington Water .Service- Co. first
5% >^gold bonds,,&ejries< A, due June i; 1947,'have beep;called
ior redemption on, April-9, 1946. at 101. and interest.

All

x

inbrtgage

;
-

$4,000,934

Unamortized debt

ASSETS—Cash, $164,163; sales tax collections, $40,708'/ payroll tax
collections, $60,881;
accounts
receivable,
less
allowance
for
losses,
$21,2.89; inventories, at the lower cost or
market, $639,838; prepaid in¬
surance, taxes, etc., $56,205; lease
deposit and other receivables, $3i,555; postwar excess profits tax credit,
$88,000; equipment, leaseholds
and improvements (after reserve
for depreciation and amortization of
$1,673,940), $609,494; goodwill and
trademarks,.$1; total. $1,442,134.

$2,791,554.■£ $477,353

.

"

•

$227,295

(after

,

f/

"Y

.

$4,017,329

/S..-Treasury securftles.——.

17,800

,

$205,392
excess

$658,800.

W" Increase

1945

.

,

$431,402

2,945,203

tax

Prepayments

73,561

17,164

"

Peoples Drug Stores, Ine.--^January Sales— *

,

'-

$360,100
inc.

Materials and supplies—.—

$44,179

$924,624- // $580,395
*675,400
t353,100

?702,100

(after post-war tax credit of
.$15,800).

T

.

\'i\7-'.

-

.

;

$563,231

30.105

$65,100). tIncludes provision for Federal

July

on

-2,304,517

exc.

Notes ;and

-1,590,604

$894,519

38,848

profit

*Includes

1952,

1,

111,668

2,319,085

Accounts receivable/ Jess

1,364,714

int.

.

Jan.

90,287

162.622

$5

income

for

Cr2,7t>7

Special deposits

2,133,671

.80,470

/.

,

1,921

—„_—

$3,073,058

2,407,764

$928,644,

1,701,004

;//: 193,095

physical property.,
Other investments, less reserve
Sinking fund cash——.
——-d——__

1942.

66,317

'

/

1943

$5485.135//

3,053,612

expenses..

■

$6,417,119

Other

U.

51,315

a

a

income,

and

*3,638,270

$6,426,701

special

Utility

2952.

p.

3,289,851

amort.-__J

*392,298

ASSETS—'

excl, of de¬

exps.,

500,882

222,552

extent

recovery

:Earnings-

$6,521,370
2,506,921

2,682,015

preciation and amort.

DepreC.

-//>/

1,555,057

taxes__J

preference

Cash

1944

—$6,951,824

goods

1,633,012

$591,257

of

of

1945

/

Cost

the -primary charges upon the company's net. earna .;
a
•-/ a .;■■/
>■>/• :./;:' :/:/''/"///

one of

,

ings."

Years End. June 30—

Sales

the

company, is;; paying the entire cost of plan," Mr. Bealft
said, "we reserve the right " to modify or discontinue it if circum¬
stances warrant such; action, / However/we consider a sound retire¬
.

-

10,332,880

1,956,236

174,248

is

Pig'n Whistle Corp. (& Subs.)

maximum

11,068,081

157,504

COMPARATIVE

•

years

883,859

319,036

to .the

Interest

162,

The

pay

1945—12' Mos.—1944

$2,421,718 $28,649,520 $26,589,538

$555,116

cation

three

service.

Salt

drilling two

age,of.65,..unless otherwise specifically, ordered by the board of
directors,-

famous

believe

\:t'

138,250

revenues-

of

been

the

Central Wyoming.
Phillips is now
-preparing sites for two additional loca¬
and four half-interest: wells are in¬
dicated 011 Phillips holdings
totaling 1.880 acres acquired since the be¬
ginning of activity In the area two years
ago.—V.

down,

at the

■

geologists

1945—Month—1945
$2,663,616

••

H*

•

(& Subs.)—^Earnings

234,251

Fed.

Balance

.

Further extending its crude oil. production in the
Rocky Mountain
area, this company announces the
completion of. two wells capable of:
•producing 800 barrels of oil per day in the active
Rangely. Colorado,
field—which

•'

■'

w

>

Feb.' 8.

on

«•'

•

;

credit

*The

A company-financed > retirement, program which will affect. pUemployees, including houily workers, in the company's plants and of-

V

•

Light Co.

before special

Balance

2,887,109

(t'

■"

tax

have

;

•

saving
of

over"

778,087

Phillips Petroleum Co.—More Wells
Completed—

'

.

resulting from "carry¬

.

Pennsylvania Salt Mfg. Co.—Retirement Plan—.

.

deduc. (net)

Balance

$33,287,404 $33,128,180

163. P. 231.

price to be filed

a

by amendment.-s-V.. 163,

4,132,253

'

Total

'

'

1,459,523'!'

—-*•

——

public at
filed

be

amortization

&

tax

will
four

of

4,325,000
3,240,490

inc.

Reduc.

6,331

-

748,161
4,415,182

—

surplus

"T

5

2,103,086

32,187

> • 461/413

-

,37,306

,

the

916,081

oper.

266,000

>556,332
5,521

;

Reserves,,—-*.—

9,390,227

;

843,339

;

•

accrued

.Unamortiz.

104,224

12,276,737

.

Other

•

*38,468

•' a-'"/.--

23,020
r

to

will

■/• ;• .'1

•

&

taxes

Other

ratio

.

:; 22;749

deposits__^-v__w2>"7269^074

taxes

interest

;

/

•.

Incomes

Interest

company

the

A

V- ..i, \ \

Net

-

*

22,064

.

:

$701,715

.

..

/3,240,779

3,122,912
418,992

extension

Accrued

;

Puget Sound Power

Federal

sold

•

Maintenance;
Depreciation

2,500,000
17,350,000

150.000

.!

:

.

.

1942

' />■'///••:/

railway**.— / 11,314,508

railway—.L—1

1943

*214,157

Jan/l/—/./*>■;,;/*.•; //;/>'•/// :

prior to 12-31-46

liabilities

be

.

underwriters

$3,200,000.

17,050,000

due

\

.

the

.

Other

deposit

current

rights will
•

of

the

rights in exchange for five shares of 40preferred stock.
Any stock , not taken
upon
40

Operation

6,027

$33,287,404 $33,128,180

—$3,200,000

Under. certain conditions
stock, series A, in

'

preferred

by

Operating 'revenues—-

75,041
-

•

'•

'

6'«

Period End. Dec. 31—

383,721

12,518

2,500,000

Accrued

.$691,471
*28,098

* 108,932

.

'

*>

123,663

debt

notes

Other

va/

Vi*

'v

152,760

243,721

benefits___^_
^

ilJ

stock

.Consumers'
Main

December—

expenses-i.^-._4.".'

of past .service

debits

stock

Funded

'

Pennsylvania Reading Seashore Lines—Earnings—.
Gross

22,301

146,262

j__

Common

.1,244,192

$516,881

-

*

and

discount

debt.

3,935

Serial

Net Income

funded

of

names

318.,'

P.

'

$2,235,924

1,612,729

i

——

outstdg.

of

convertible

exercise

The

3,981

Total

;

Preferred

income

Net interest and other deducts.—-*

r~v.

V

13,958

$2,233,953 I

238,712

the

214,674

*—7
on

cumulative

115,508

198,551

V

accompanied

by amendment.

147,096

___L

$7,403,333

$1,891,920

:

dividends,

shares

shares

1,422,343
1,483,385

'

■

accrued

accept

140,984

assets_________»_;

exps.

Undistributed

Net- operating 'revenues^—$1,975,931
Rent from lease of plant—.-//j——.
.247,510

supplies^_^__

current

Unamortiz.

plus

1944

1,324,922

y,^r141(319

Prepayments
Special deposits

'

•

; '

-1,660,909'-

Other

•

$7,476,255
5,584,335

deductions-—-/; 6,284,816

revenue

•

""

'
1945

bond3„w—

receivable

Materials

/•:///>'.•?./-//'

1944

-

-'

31
.■•

945

$29,280,399 $29,101,344

S. .{Government;

Accounts

Pacific Power & Light Co.—Earnings—

:!.;:'v v i2

DEC.

.'.•

:

plant

Cash

908)

page
V'.
'*

77' .'BALANCE SHEET,

'

ASSETS— 7

Utility

Investment News

-

COMMERCIAL & FINANCIAL CHRONICLE

■■'■."./.•'c ■!'

General

•

THE

/

On

with

Oct,

5.

certain

principal

1945,
banks

amount

of

t'

/-.-•mpany

ente

1

Lijaig

a

for

>00,000

to

the

company

outstanding.

!,into

line
be

have ber
giving eV

After

.*••

of

;
/tandbv agreen.
cr*/;.
the "vgrevn.t

ilable

until

a

1947,

V-r:
:>!r-

THE COMMERCIAL & FINANCIAL CHRONICLE

946

subject to the provisions of said agreement. Any
is to be evidenced by 90-day promissory notes
the

at

of

rate

annum

on

the

Rice-Stix Dry Goods Co.—Annual -Report—

borrowing thereunder

and to bear, interest
2% per annum with a standby charge of^ya> per
unused portion of the total commitment. The standby

date

an

upon

may,

$800,000 of notes
HISTORY
Jan.

28,

AND

$400,000

-

was

BUSINESS—Company

incorporatedJn Ohioi on

was

ing Co.

.

of TheLincolnMotor WorX.
of incorporation filed on May 28,
to Reliance Electric and Engineer
Main'office is located at 1088 Tvanhoe Road, N. E., Cleveland,
1907, under the corporate name

is

engaged

principally

"

of its employee' security program, with sub*
hospitalization, surgical, accident and sickness
employees of Schenley and subsidiary companies
under its comprehensive-Retirement and Benefit
Plan, was announced
Feb. 15 by the corporation.
- -< i
'

■

N......

I

..

■

income

^Federal

$4,062,442

.

Federal & State

and sale of
and_ p yP

Net

*or°P®clf*

The

piade effectivfe without any additional contribuions
considerably extend both the scope and amount of benefits available to
SchenlCy workers under the plan, the announcement
explained.

$6,070,880

,

-

Besides the medical care' provisions,
highlights of the broad Schenley /
Retirement" and Benefit Plan include permanent life insurance
pro- ;f
tection for the worker plus an income for life when he
retires;
The ■-

500,000

530,000

3,600,000

2,450,000

3,820,000

company pays the entire

,C^3,059"

7

.

$1,212,442
124,117
146,964

profit
bn

first pfd.

Divs.
-

On

2d

Dividends
Shares

Stock
pfd. stock
stock

com.

per

—

stock_'_

common

on

of

Earnings

(no

$1,610,920
124,117.
v 147,594

372,027

for

par)

248,018

.

,

315,899

248,018

share_^^;^^-i4-^^--/r'i

BALANCE SHEET NOV.

30.

$1,720,880
124,117
148,483
/ 327.864
260,391

$5.40r.

$3.80

After ,debt" retirement credit of $400,000 in 1944

.

"

and

$1,008,956), $1,540,842; factory buildings and sites (after reserve
depreciation $107,855), $114,693; machinery and equipment,
(at

$907,006;

company's -principal customers. Dpring the first two months
company's current fiscal year, about 52% of its sales was
made to a like'-number of customers and about 48%
in volume of
the orders entered in these two months was received from, ten cus¬

depreciation), $168,556;

LIABILITIES—Accounts

payable,

trade

(incl.

amount1 in

the

the

thq,

Unsub-

Rome Cable

;

.<

,

Shares

j

of

Profit

Hayden, Miller
Co.—9.000
Hawley, Shepard & Co:L-.^.——
—^0%%
McDonald & CO.'-.^-—
- .4,000
v-. 13% %

HS

Maynard H/ Murch'& Co

Merrill, Turben & Co.

—

CurtisS, House & Co.____—
—V.

'

163, p. 820.

6%

2,000

—

—

•

-o

"

profit

reasons

For ■ thr
per

Pour executive'
Arch

D,

held

•

*

,

,

,'

,

„

.,

l

1946

/'

of

mortgage and refunding

Brook.—V.

aiiiehdhieiit;"

162,

p.. 3199.

saying its plan of reorganization was now ready fojr
asked the Interstate Commerce Commimssion Feb. I

authority

necessary

to

issue
control

or

securities,
over

carriers;

assume certain obr;
the properties of affiliated

Receivership proceedings have been in progress in Baltimore,
With ancillary proceedings in other States; - ; ,
v
The railroad asked'authority promptly to issue three shares of

189,830

.

$426,111

$402,662'
'
$2.12 "

% 189,830

.

stocks

J89.830

essary
which

$1.14 *
*
$2.24,
quarter "ended Dect; 317 4945/. net "prof it was ,$46,126, or 24
share,

——-

share in

compared with $144,040; or 76 cents per
ended; Peq/31; 1944.-^; 162, p. 2519/

-.

.

;;

necessary

corporate
to

are

to

enable

action

consist

the

reorganization

preliminary

to

committee

issuing

of

$32,500,000 of
1996; $52,500,000

the

to

other

take

on
U.

;

-

,

))

addition the railiroad asked authority to issue from time to time
amounts of common stock up to 675,000 shares to
comply
with the conversion rights of ! the
general mortgage bonds And the.
preferred stock.
/ A total of $2,194,927i was shown payable to holders of bOnds not
subject to the plan, this amount being exclusive of not to exceed
$9,207,400, the maximum amount to be distributed to bondholders out /
of earnings between May
31, 1945, and the consummation of the
plan, under an order of the Federal District Court for the Eastern:'

Circuit Court of Appeals at St. Louis affirmed Feb. 8

additional

an

by Federal District Judge George H.

,

•

petition of bankruptcy in

.

May,

1933.

-

.

•

the court overruled contentions by the debtor railroad
two minor claimants that stockholders, and unsecured
should have equities in the reorganized railroad.

In its opinion

-

•

President and.

V>
Robert N, Barrett, head of the Service Department, was appointed
,* .-Assistant Secretary. >»,
M' !'<; W
Robert"1 B.' Frederick; -formerly chief clerk in the Treasury Depart*
smrntt -was -appointed Assistant Treasurer:""";^'■■■/
Edward P. Schultz, in7 charge of the mortgage and real estate division
oi
trie
Treasury
Department, was appointed Assistant Treasurer.

company

Secretary.

creditors

In

f'

Ry.—Reorganization Plan Up¬

Appeal—
S,

nec¬

securities,

first

mortgage 4%
bonds.
Series A, due Jan.
1,
of general mortgage 4% %
income bonds, Series A, due on Jan.
1, 2016; $15,000,000 of preferred
stock, Series A, 5%, par $100, and 850,000 shares of (rio par) common;

Moore approving the reor¬
ganization "of the company and numerous subsidiaries. The ruling was
the climax of a 12-year reorganization .plah lollowinr the railroad's
order

of Pittsburgh—Promotions J

West," formerly Secretary; was elected Vice

Oct.

on

,

promotions in' the home office of * this company are

announced.

$217,899?

U

-;

St. Louis-Sah Francisco

The

•

company,

the

stock;

td arrange

Reliance Life Insurance Co.

Scran ton-Spring

in

ligations and acquire rights

it is not always

companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible. " >
•<
possible

1

—

shares/

Earnjpgs pej; share
cents

mechanical

1943

1944

105

,

Net

the three months

NOTE-—For

Interest

The
for

$633,899:v^2,117,762- $1,939,681
416,000
1,715,100
1,513,569

charges^——
profits taxes/.

'

Number ! of

,

.

after

Fed; Income & excess

13%%
6

4,000
4,000

,

all

consummation,

1945

at

Seaboard Air Line Ry.—Set-Up Filed With ICC—

Corp.—Earnings—

9 Months Ended Dec. 31—

Common

Stock!

gold bonds; to the redemption :

The names of the underwriters will 1>e filed'
by'

Preferred' scribed
■

preferred

The company said it
will, upon the request of FederarWater & Gas
Corp., its parent, file a registration statement with respect to 1 000 000
shares of common stock, or such
part thereof as may hereafter be
offered by Federal Water & Gas
Corp., and that Federal is subject to
a"
order, of the Securities and Exchange Commission to divest itself

Treasury savings notes amounting to $3,000,000), $118,807; re¬
for contingencies, $2,500,000; 7% cumulative 1st preferred stocks,

'

,

redemption at 101 on
4% % gold bonds; to the redemption

r.l 102 ™ A?B- ^ 1946- of $12,930,500 first
w

Dr$47?; .CMfieci; surplus, $4,123,775; tataV $17,252,770-^^ ^^63. P/ 23L
•;/ y-*/- v ■''V;v'^ n'T•' f1-"'V'

stock which each has severally

and

$1,000,000, together with
to the extent required, will be applied
Sept. l, 1946, of $10,961,000 first mort- i

company

gold bonds series.A, and to the redemption at 103 on June l
1946
$2,016,500 first mortgage and refunding 5% gold bonds series B,
which, with interest, will approximate $35,325,208
v
!

companies,

$1,773,100; 7%
cumulative 2d preferred stock, $2,098,233; common
stock (248,017 shares, no par), $4,030,804; cost of common stock and
premium
on
second
preferred' stock purchased [ during
the year,

re¬

the

of

States
serve

of

5

transit),

of

funds

the

gage

total, $17,252,776.

of

■

the offering price filed by amendment.
net proceeds from the sale of the bonds
from a two-year bank loan at 2%
of

$7,800,000 first refunding mortgage 5%

$349,381; accrued
salaries and commissions. $1,150,905; deposit accounts of officers and
others, $87,877; accrued .taxes and.other liabilities, $113,366; reserve
for
income1: and
excess
profits
taxes
(after
deduction
of
United
accounts payable to subsidiary

-

a

The
and

to

for

CbiC-.Kegisteri

.

in subsidiary companies, $,439,261; other investments and
$99,155; land and building (after reserve for depreciation

after reserve

aimed

are

"

company on Feb. 8 filed

general

cost,

which

a

after 30

registration statement with the SEC
for $23,500,000 first mortgage
bonds, due March J5 1976 and 100 00&
shares of cumulative preferred
stock, par $100.
The interest and dividend rates will be fixed by amendment.
:
;j
-The bonds and preferred stock will be sold at
competitive bidding

and $421,000 in 1943.

investments

products pursuant to purchase orders
received from its numerous customers and consequently has no con¬
tracts for the sale of its products upon which its business depends
to any significant extent.
During the fiscal year ended Oct. -31/ 1945,
about 51 Vo in dollar volume of the company's sales was made to ten

of retirement benefits

cost

assuring for

Scranton-Spring- firootf Water Service'
The

advances,
of

at

income of $1607

With SEC—

$2,149,707; United States Government securities, at
cost and accrued interest (alter amount applied against tax liability),
$2,811,886; customers accounts receivable, (after reserve of $150,000 for
discounts and doubtful accounts), $4,860,605; inventories, $5,068,071;

sells most of its

*

"

$2200-a-year married employee an anyears' service-^$68.60 monthly from the
company and $65.33 from Social Security:—Vr 163, p. 468.'1.
; '

$5.56 /

1945

example,

nual

ASSETS—Cash,

for

percentages of unsubscribed common
agreed'to purchase arenas: follows;

.

increases,

by .employees,

^

tomers.
UNDERWRITERS—The names of the underwriters and ; the
spective number of sharer of convertible' preferred ^tock .and

in

to

$5,929,614
,141.267

^1-

$5,627,861

.400,000

income tax.

profits tax.;—--.iprof, tax_i.w;;

excess

Divs.

ranging generally

^TW^ompany

available

.

Polyphase alternating current motors .are made in
from 1 hp. to 250 hp. in a Y""**
types, and direct current motors are built .in frame-W.ranging
generally from 1 hp. to 500; hp. It also manufactures and sells electric
generators,
motor generator sets, gear motors, nu"e motors, Y S
drives, industrial electronic control and conversion devices and electric.
speed indicators.
In the manufacture of its products, the company
purchases, in the open market, raw materials such as copper wire,
castings, electrical sheet steel, bar steel, copper bars, aluminum and
insulating materials.
It also purchases pertain^omponentpartsi such
as
control parts,
ball bearings, brushes, . gears; andgear reducers
which are incorporated in the company's finished product
Fxppnt
during
the war when production for civilian use was re
..
stricted, the company's products are sold to a wide list of
either! for their own use or for application to machinerj
which
sizes

M

liberalization

increases

benefits

i;—13,590

''

..

;> Total

purposes.

frame

Extensive

stantial

in the manufacture

general-purpose electric motors, both direct current
alternating current; and modifications of such motors
power

1943

$3,873,229. $5,470,091
189,213 v>; 157,770

Post-war credit on exc.

°hCompahy

Schenley- Distillers Corp.—Increases Scope off Benefifs
Under Employee Security Plan—
■;v

:

.

,

(net)

Operating' profit
Other income .(net/—

By amendment■' to' its. articles
1909, corporate name was changed

Co;

1944

1945"

30—.

Renegotiation settle, for 1943

borrowed, making
aggregate pi
outstanding under said agreement as of rem o, ■"•aao.^

additional

Nov.

Sales, less discounts, etc_-r_i.i—-^. $37,662,614 $46,707,115 $46,936,753
Cost, selling; gen. & admin. exps.^_
33,452,877 40,772,409' 40,652,756
Provision for- depreciation.:—91,611
97,754
100,356
Taxes
(other than. Federal)
244.897
353,271
254,026

request of the company and If it ■ls. ®ot
default thereunder, be extended to Oct. 31, 1948.
As of Oct^ 31, 19 .
$400 000 of notes were outstanding " thereunder but subsequent to saia
agreement

End.

Years

Monday, February 18, ■ 1946

-'District of

and

Virginia.-?—V.[163;. p." 660.

-

''K

\

^

^

•''• •i!-•/' 7c''Y';

vv;yf~^"»!.•);'^''1

the railroad's capitalization
: Sears, Roebuck & Co;~^January Sales—;
^
should be increased above'the amount recomniended by the Interstate
'^-"Period End/Jan. 31% 1946-*-Mohth^l94JT'
Commerce Commission- to allow for consideration of claims of stockholders and unsecured creditors.
Under the reorganization plan capi- ?
Sales
105,845,576
74,493,402 1,089,298,604 1,015.382,935
talization was reduced from about $480,000,000 to $247,000,000.
;
163,'p. 821.;
The Court observed that the plan had been accepted'by more than
;• ■ —V; 159, p. ■ 585.
y.;!;■
two-thirds of the secured creditors and bondholders and had been
Seattle Gas Co.—Paying Agent, etc.—
confirmed by the District Court. <
"
;
Remington Arms Co., Inc.—Reviews War Years—
"Certainly in those circumstances there should be no further delay
The Bank of the Manhattan Company has been appointed as a paying
This
company
disclosed many details of its wartime activities,
in this proceeding, which
already has been pending for more than
agent and as an agent for the registry and transfer of first mortgage
hitherto' restricted
by military censorship, in a special report to
twelve years,", the.opinion stated.
%;!!
bonds. 3%% series due 1976 of Seattle Gas Co. See offering in V. 163,
stockholders, just issued by C.
K. Davis, President and General,
The Court put aside a contention that the money should be used to
p. 319.
■ ,
•
■
Manager, reviewing • the entire war period ' 1940-45.
pay claim!, asserting that the railroad as a going concern cannot be
stranded for want of operating funds and that the money enhances
;;
Expanding from 4,000 to 82,500 employes,
Remington produced
Selected Industries, Inc.—Annual Report—
small arms ammunition/ Springfield rifles, artillery" fuzes and other
new stocks and bonds for that purpose.—-V. I63, p. 468.
; 1
At Dec. 31, 1944, the net ; assets of company weiV equlvdlent' td
materials for the armed forces valued at over $1,200,000,000,
Mr.;
$5,255 per $1,000 of bank debt; this coverage increased to $6,592 at
Davis said.
Complete production figures; made public for the first;
San Jose Water Works—Earnings—
Dec., 31, 1945.
The prior stock coverage increased during the year
time; indicate the company made 16,243,400,000 rounds of military
from $120.96 to $160.12
a
ammunition, or about 40%
of total U. S. production.
In addition
share, while the convertible stock 'asset
12 Mos. End. Dec. 31—
"
1945
1944
to three plants of its own; the company operated five new Govern¬
coverage, after allowing $100 a share for the prior stock, advanced
/
Operating revenues$1,074,905 : $988,778
from $11.90 to $34.14 a share.
ment-owned plants for the Army Ordnance Department.
VOperatingr expenses and depreciation^---^,—,
474,338
452,208 [
;
^'Remington's production for the Government also included large
INCOME STATEMENT FOR CALENDAR YEARS
quantities of caliber 22 rifles and cartridges, shotguns, shot shells and
Operating profit —/i..—$600,567
$536,569
1945
1944
1943
clay targets and traps,", the report stated/
* ; ; ^
1943
;
Non-operating Income
f 7,596 ,7/ ;; 6,048
Total
income
For the war years 1941-44, Remington's net income per dollar of
$1,730,137
$1,674,755
$1,621,118
$1,729,733
General expenses
sales and value Of production averaged only 1.2 cents, or less than
158,901
180,771
159,631
160,582 :
Balance before deductions
$608,163
$542,617
Interest
one-sixth the average of 7.8 cents per dollar of sales in the peace¬
138,032
138,017
154,604
174,688.
Interest^ etc.,• deductions,«i»^.^ii.««.»-«j«^.i_-,
256,204 - ;
136,093
Taxes (other than inc.);
time, years
1937-40, the stockholders were informed.
The larger
t21,636
34,776
'
31,166
31,535
Provision .for Federal normal and surtax—101,880
101,880
Prior years" ovet-accru.
^
part of the company's war production was manufactured under fixedProvision for Federal excess-profits tax./„;
*
/ [ 30,000 '
92,985,
fee, contracts, the income from which after taxes was less than 9/10
of capital stock tax.
Cr4,669
of 1% of the value of materials produced, it was stated.—V. 162, p.
Net income —1.
"^$220,080 *
$211,659
Net income
$1,411,561 $1,341,190 $1,2751717 $1,367,597
-2823.j; ;■ ;/
Dividends, on preferred stock-__„__/____.^
;
35,626; % r 35,626
Divs. $5.50 pfd,; StOCk-.
1,325,529
1,325,735
1,338,177
1,342,301
Dividends on common
Divs, $1.50-pfd. stock.
stocki/--^,^^Mn__/.i.R,«
160,174 ' 7 160,174
:
196,079
Republic Steel Corp,—Acquisition—
J '
■
Net profit on.sale of
'
Surplus
$24,279
$15,859
The company has acquired the machinery, equipment and inven¬
:. • investments
2,263,325
*2,129,487
114,289
•1,300,209
1
tory of the Westland Drawn Steel Co., Los Angeles, Calif., and has
BALANCE SHEET AS OF DEC. 31, 1945
*Net loss.
fThe: corporation haS. elected to be taxed as a regulated '
taken a short term lease on Westland's buildings, and property, it is:
investment company and as such should have no material
[
ASSETS—Plant; property,frights, franchises, etc.^ (after^ reserve lot
liability announced.
The Republic company plans to remove the machinery
for Federal income tax for the year 1945 in
respect of the above net
depreciation of $1,166,033), $6,486,665; special deposits, $2,666; cash:
and equipment to another location soon.'
'
r
Income.
;
'
?
and working funds,
$504,986; U. S. Government securities, $10,000;
The facilities will be operated by Republic as part of its Union
"
"
BALANCE SHEEP DEC. 31,' 1945
accounts
receivable
1 'less
reserve,
$94,956;
materials
and
supplies,
Drawn Steel Division of Massillon, 0.—V. 162, p. 2312.
ASSETSZ-Cash in ubanks, $507,718; investments hi U. S. Govern*
$105,627; prepaid accounts, $40,458; miscellaneous deferred charges,
:
ment Securities (at cost), $1,300,000; investments in other securities:
$1,078;. total, $7,248,436, :/ / v
^ ?? V
^ :'Reynolds International Pen Co.; Chicaco, 111.—Output
$31,233,246; dividends and interest receivable; $131,993; receivable for
tlABILmES—First mortgagef 3% bonds'; series' B, due: Nov; lj
securities sold, $23,499;
This company, which started operations five months ago, announced
receivable for securities sold when issued:'
1975, $3,474,000; accounts payable, $49,691; accrued interest, $20;80i,'
$182,752;
special deposits for dividends
on Feb; 8 that it has manufactured and sold
(contra),
$369,726;
total;
1,500,000 ball-point pens /v accrued taxes,
$181,168; accrued miscellaneous and dividends, $20,206;
$33,748,934.
: ;£
since'October.-1945. - V:
':•>
.;:
V:
consumers', meter
deposits,
$9,132;
consumers'
extension
deposits,
:
Revealing production records for the'first time, Milton Reynolds, %
LIABILITIES—Dividends payable, $369,726; due for securities loaned
$73,402; contributions for extensions, $61,437; uhamortized premium
Chairman
of the board,
said the company is currently producing
against; cash, $43,000; due for securities purchased, $14,336; due for
on
debt and expense, $95,979;
4%%
accumulative preferred stock
30,000 units per day as compared with 70 per day on Oct. 7, 1945.
securities purchased when Issued, $269,127; reserves for expenses,
(par $25), $750,000;
common
stock
taxes,/
(par $25),
$2,002,175; capital
Reynolds has become one of the more important users of aluminum in
etc.r $78,201; bank loans due March 1, 1947, interest 2% per annum,
surplus, $131,994; earned surplus, $378,450; total, $7,248,436.—-V. 163;
civilian goods in American industry, he added
■
$6,900,00; $5.50 cumulative prior stock, ($25 par)/ $6,025,000; $1.50
P. 468.
"
Gross retail sales, Mr. Reynolds said, have totaled $18,500,000; less
cumulative convertible stock, ($5 par), $2,121,585; common
stock, <$i
than a half-year after the company started with a capital of $26,000.
/
par),
$2,056,940;
surplus,
$15,871,018;
total,
$33,748,934.—V.
162,
> Scotten, Dillon Co.r
The pen, which utilizes a tiny ball-bearing rotatable in a
socket, is
-Earnings—
p.* 31%
„
i
being produced with the aid of manufacturing advances resulting
Years End. Dec: 31—
1945
/
1944';'
1943
1942 v
from the great strides made during the war period in mass production
Incomes from operations
$114,890
$163,264
$205,324: ? $329,842
'! Sheller Manufacturing Corp.—Stock Split Approved—
of high-precision assemblies.
Other income (net)
21,316 '
18,032
44,884
57,866
The stockholders on Feb. 9 approved the issuing of three shares'for
Reynolds now has 50,000 dealers and distributors lin the U. S. and
-L
each two shares now outstanding,
abroad, and current plans call for the signing of contracts in every
according to M. M. Burgess, Presi¬
Net inc. bef. inc. tS.x_
$136,206
$181,296
$387,708;
$250,208
dent.
"*"•
/.
'/.'v'-V:.
fireign country by early spring, he said.
Prov. for Fed. inc. tax.
49,014
71.704
94.256
144.32.1
The company's capital stock has been increased from
Franklin Lamb is President of the company.
250,0o5 shares
to 500,000 shares.—V, 163, p. 660.
^
Net income :
! $87,193
-w.- '
--.r...-i
:'.0
I'1V- v!':
$109,592
$155,953
$243,387
Agreement Obtained in Fair Trade Case—
Dividends paid ;
120,000
165,000
270,000
300,000
U. S. District Court Judge Harry E. Kalodner at Philadelphia, Pa.,
Simonds Saw & Steel Co.—Earnings—
Earnings per com. share
$0.29 - V;
$0.37
$0.51
$0.81
on
Feb. 8 approved a stipulation between counseLfor this company;
Calendar Years— 1945
1944
BALANCE SHEET, DEC. 31, 1945
and the L. S. Model Co., Philadelphia, in which the former concern
•
"
•Net sales
$22,067,180 $25,123,512
withdrew its fair trade suit after the defendant agreed'not to advertise
ASSETS—Cash on hand and in banks, $236,008; U. S. Government
tNet income
—1,306,886
1,391,229
or sell the Reynolds pen
at less than the established retail price of
Common
securities, including- accrued interest at cost (market value $867,189),
shares'outstanding
497,000
497 000
$12.50.
Earned per
$766,439; accounts receivable" (less reserve of $8,886) $241,897; Inven¬
$2.62
$2.89
The Model
company also
agreed that it would comply with the"
tories, $2,069,001; land, buildings, machinery and equipment (after re¬
•After settlement of renegotiation.
fAfter settlement of renegotia¬
Pennsylvania Fair Trade Practice Act, that an injunction Could be
serve for depreciation of $460,191), $292,614; prepaid
insurance, taxes
tion of war contract sales and provision for Federal and
issued against it in event of a violation, and that should it discon¬
Canadian
and supplies, $27,809; total, $3,633,858.
taxes
on
Income.
tinue to handle the product it would first offer the merchandise to
At the close of 1945/ current assets Amounted to
the manufacturer at invoiced prices.
LIABILITIES—Accounts payable, $17,010;
accrued taxes and ex¬
$11,223,739 and"
current liabilities were $1,475,955.
The excess of current assets over
Edward L. Frater. Reynolds counsel, had obtained a
penses, $128,074; provision for Federal income tax; $49,014; capital
temporary re¬
current
liabilities was $9,747,784
compared with $8,331,903 at the
straining order against Model 'in U. S. District Court on Feb 5 in com¬
stock (par $10), $3,000,000; earned surplus^ $539,761; total, $3,633,858.
end Of 1944.—V. 163, p. 821.
plaint seeking an injunction and damages in excess of $100,000
—V. 163, p. 660,
'The

,

principal

contention "was

that

^'

.

,

..

,

^

;

.

.

.

,

«

.

.

,

.

•

"

—

—

.

.

—___

.

-

1

,

.

.

.

,

.

.

•

'

,

'

•

-

•

.

_

•

.

'

,

.

•

-

:

'

.

,,

,

.




V

THE COMMERCIAL & FINANCIAL CHRONICLE

Number 4465

Volume 163

The classification of these special
required by a regulatory com¬

property by a subsidiary company.
charges under "other deductions"

Corp.—Registered Stock Increased—

Sinclair Oil

An amendment has' been filed with the SEC Increasing the number
of shares .of common stock registered to 150,000 shares, as compared
with 100,000 shares covered in the registration statement filed on.Dec.
26. 1945.
The amendment

overstating

The

shares

should

.

states

the

is not selling any of the com-

company

reduced by these special items and to do so results in
net earnings from operations and gross income by such

be

not

amounts.—V.

163, p. 660.

share.
at

•

,

and

Bank

Chemical

The

&

Trust

Co.,

to

.,v

^

,

Casket

1941, in New

'company

The

■

-

motors,

and

trailers

utility

pose

boat

lift-carrier trucks ior

and

carriers,

and barrels and did

SUMMARY OP SALES AND
A
and

/

•

;■

Before

1945

(l0 Months)

$ 1,143,020

—,—

announced.

manufactured

of

Solar's

at

stain¬

a

RR.—Invitation

Pacific

Southern Ry.

Gross

.

taxes

626,635

income

77,800

31,400

980,000

669,000

accruals

40,833

53,333

490,000

$89,412.
1,006

$106,422

$1,220,916

$90,418

$107,462

on

res.

479,248

465,000

;

'

income-

•

net—■*..

income

'

1,040

'/•

$1,351,844
4,111

6,334*

'

,

$1,227,249

24,426

$1,355,953

37,754

$83,035

3,213

■

$1,189,495

VBALANCE

78,406

.v.-.

$1,277,549

SHEET, DEC. 31 '
ifw 1944 ;

$23,061,856 $21,458,147

—

399,569'

388,752

———-——-——

Claim lor reiund of Federal taxes

275,000

800,000

57 966

542,385

416',478

524,122.

a/c rate set¬

tlement

168,793

168,793

L

Prepayments
29,801
Deferred debits'3 689'

Bids for Pur¬

for

$87,205

1—

plant

'

80,646
3,828

$24^02,333 $23,977,494

Liabilities-^, i

-

Common

stock (597,866 shares,
Promissory note, 2%%, due 1953
Accounts payable
Customers'
deposits

$11,959,993 $11,959,993

par)

no

1,000,000

Interest

44,569

—

credits
Z_ZZZZZZZZZ
Reserve ,for retirement—„J_W-Z
_ZZ
Z~Z
Reserve for uncollectible accounts_;—_.„
Reserve

.

for injuries
surplus

Earned

246,257

378,207

338,048

1,110,038

accrued

Deferred

1,000,000

240,657

■Taxes,-accrued';

and

damages—;

799,879
:

43,803

;

8,952

...

'121,065

>

6,356,527
112,010

.

,,

31,127

—_

:

3,247,428

71,889

I

6,760^297

i.

——

Tr04!1

-Gross Earnings—

«

34,717.

3,014,370

-V.

earnings

commissions, but before deducting expenses esti¬

is

hot

always

possible,y

as

,«

;

* %

•

•

company

offer will expire oh'Feb. 20.
Preference shares not taken

included

in

the

'

,

in

exchange

Tel Autograph

Federal

normal

Federal

excess

Net

on

the largest indutsrial employer of chemical personnel in
the Chicago area and one of the largest in the Midwest.
Upon com-

house 420 chemists,

engineers,

chemical

and

taxes

1944

•;

$78,765

profit, net of post-war refund—

$77,956

28,000

surtax.,

26,500
3,978

2,367

.

$48,398

$47,478

$0.21

INCOME

STATEMENT

CALENDAR

FOR

Z

$0.21
YEARS

"

.Income

1945 /./
1944
? ]/
$1,087,134
$1,011,278 ■

——

Expenses, inch deprec. and
except Federal taxes,

all other expenses

*

773,221-

Federal normal tax and surtax

as

they will

and

———

CONDENSED

announced on Feb. 17.
Covering two city blocks; adjacent to
Standard's Whiting, Ind., refinery, the new laboratories "will be ready
for occupancy eatIy in 1947.
The new laboratories will further: strengthen the positi6nf of this

pletion

tax

profit
Net profit per share,,,

Standard Oil Co. of Indiana—New Laboratories—

company

1045'

Net

Barney & Co. and the First Boston Corp.—V. 163, p. 822.
started

Corp.—Earnings—

Quarter Ended Dec. 31—
profit before Federal income

,<

exchange, together with 3,023 shares
offer, will be purchased by Smith,

pany

$8,000, will be $182,000.
All of the proceeds received by
will be added to working fapltal.
'
If
the
underwriter,
after completing its program to sell 70,000
shares of common stock for the account of the company, sells an
additional 12,000 shares for the account of the selling stockholders,
the net proceeds to the selling stockholders after deducting under¬
writing discounts or commissions, but before deducting their pro rata
share of the expeness, will be $31,20£L«—V, 163, p. 821.

it

reasons

to arrange
companies in exact alphabetical
However, they are always as near alphabetical

position

Co^Ex^hsinge/Offer-^

is offering to Holders of its 46,977 Shares of $5 pre¬
ferred stock the right to exchange for new $3.75 preference stock on a
share-for-share basis, plus a cash payment Of $1.37y2 a share.
The

the company

;

NOTE—For mechanical
possible

(A, Fi) stalky Manufacturing

not

'

1945

order.

The

$24,902,333' $23,917,494

—

469.

p.

1946
1945
$7,036,819 $27,621,902 $36,888,425

1946
$5,127,378

163/p. 822.

Construction has

at

—

„

163,

—Week End. Feb. 7—; -——Jan. 1 to Feb. 7——

„

the underwriter fulfills its commitment for 20,000
sells an additional 50,000 shares for the account of the
the net proceeds to the company, after deducting under¬
or

668,522

/Total-;.

.'/•

and

"discounts

63,758

.

of

Period—

PURPOSE—If

mated

64,858

■

u. S. Government securities.>^iJ-_-iWi.w^_wi-^
Accounts.receivable
Materials, and
V

buildings for the extensive new petro¬
leum. research laboratories at Hammond, Ind., near Chicago, the com¬

writing

509,179

1945

reserved for the exercise of options.

company,

3,771,585

46,031

COMPARATIVE

Utility

—V.

shares

$7,363,312

3,832,003

43,537

M-

The company has issued requests for bids for $50,000,000 first mtge.
bonds, Series F, to be dated Jan. 1, 1946; to mature Jan. I, 1996; to
bear interest (payable semi-annually on Jan. 1 and July 1 of each
year) at a rate (which must be a multiple of Vsth of 1%) to be named
by the accepted bidder; and to be secured by the railroad company's
firsts mortgage, dated as of July 1, 1945, as supplemented by first and
second supplemental indentures, each dated as of Jan, 1, 1946, to The
Cnase National Bank, New York, as trustee.
The bonds of Series F will be guaranteed unconditionally as to both
principal and interest by endorsement by Southern Pacific Co.
"-V
The bids must be submitted by 12 noon, E.S.T., Feb. 18 at company's
office, 165 Broadway, New York 6, N. Y.—V. 163, p. 821.

$42,733

,.d/

-

1945—12 Mos.—1944

$7,700,620

341,885

Net income

chase of Bonds—

.

■

-

327,332

„

taxes

Gross

Diego '

San

18,329
1944—,—-———**0,760
12,820
79,261
»791,237
CAPITALI2ATlON-^Company ©riglaiilly had an authorized* capital fef
$10,000, consisting of 2,C00 shares of common stock ($5 par), all of
which was issued and outstanding.
B
an amendment to its articles
of incorporation filed
on Jan. 13,
1916,. the company's authorized
capital was; changed to SOO.OOJ share , of common %tock < par 4(te.)
and the 2,000 shares common stock of $5 par were exchanged for /
168,000 shares of common stock (par 40c.). If and when the financing
is completed and all the shares being offer 2d are issued, the capitaliza¬
tion of the company will consist of 250,000 shares of common stock,
all of -which will be issued and outstanding, and 50,000 authorized
but unissued shares of common stock of which 15,000 shares Wilt bo
1943——

be¬

$642,830

Utility Oper.
income,

rras«

output

Southern

After

-

Nation-wide distribution

being

already

Taxes

\$ 155,133
62,510

<
•> '•
%i
maintained

be

Net

Fed. Taxes

Gros« Bales

'

■

will

$643,773

Other

this company for the week ended Feb. 9, 1946,
totaled 2,101,000 kwh., as compared with 2,098,000 kwh. for the cor¬
responding week last year, an increase of 0.1% .—V. 163/p. 821.
•

Profit

Net Profit

,'*•

1

■
*•v
flights

accommodate the heavy traffic
winter season.—V. 163, p. 469.

1945—Month—1944

v

revenues

Retirem't

162. p. 2024.

Electric

and profits both before
past two years and 10

ended Oct. 31* 1945, is ret forth below:

Casket and Film

Into

Southern Colorado Power Co.—Weekly Output—

EARNINGS

summary of the company's gross sales
after Federal taxes on income for the

months' period

with

to

during the

Period End. Dec. 31—

General

plant is planned*
v
>
,
'
The "acquisition rfef Fohda Machinery Co., 'Inc., of Los Angeles was
also announced by Solar.
This firm will Operate as the Fonda film
processing machinery division.
Much of the machinery of the plant
already has been moved to San Diego, where operations will be resumed
on equipment for developing motion picture
microfilm and color film.
—V.

considerable experimental and development
work thereon.
It engaged in the manufacture of parts for other
manufacturers.
All of this work was interrupted by the war.
;
;
Beginning about January, 1942, the company rapidly adapted its
facilities to the production of war equipment exclusively and, except
for the last half of 1945, has been to engaged since that time.
A
varietv of ordnance products were produced in quantity either directly
for the Army and Navy or under sub-contract for some of the prin¬
cipal manufacturers of the United States.
■ '■
The company has now begun the
manufacture of ptodWtknwr
civilian Use,
Company is experiencing no serious problems in eon*
nection with the reconversion of its plant.
The company is now engaged in the manufacture and sale of electric
outboard motors, trailer hitches, cereal cutters (a farm implement),
boat carriers and utility trailers.
These products were either developed originally by the company or acquired By the company ana
further developed by its research and engineering department.

drums

together

r

was

originally established for the manufacture of
fire extinguishers, trailer hitches, dual pur¬

was

outboard

electric

,

numerous

March,

Operation
Maintenance

773.

161, p.

Co.—Expands

been

casket

Steel

less

has

Co.

York,

trip charter flights between Miami

-

indicates

and

cities

two

Operating

:;v
The
company has announced the acquisition of Hubbard Casket
Manufacturing Co. in San Diego, Calif., and incorporation of Hubbard

incorporated ^06t,_27»
York.. Principal office and plant located at 282 Central

AND BUSINESS—Company

Aircraft

round

Tampa Electric Co. -Earnings—
/:

Lines—

Corporation Xo.i; 16(LBroadway,.New
Marine Midland Trust Co., 120 Broadway, New York.

Registrar,

total/ $2,328,033.—V.

Solar

demand

the

Federal

Transfer Agetit, United States
HISTORY

tween

and

taxes

accrued

$855,212;

Beill6y & Co., New York, on Febi 8 offered 82,000 shares
of common stock (par 40 cents) at $3.25 per share.
Of
the shares offered 70,000 are for the account of the com¬
pany and 12,000 shares are for the account of selling
stockholders.
The stock is offered as a speculation.
York.

plant

property,

daily

and 25 minutes.

Present

through February

estimated

Corp.-^Stocks Offered-—F*

Creek Precision

Silver

.

$8,975;

,

New

Havana

.hour

payable to -banks, $300,000; accounts payable,
(local), $13,490; Federal taxes on income—
(net), $186,276; reserve for postwar adjustments and other
contingencies,
$75,000;
6%
preferred stock,
(par
$100),
$324,800;
common
stock
(45,740
shares
no
par),
$457,400;
earned
surplus,

$115,855;

given

agent

assets,

per

redemption"'

Co.,

deferred charges, $46,116; total, $2,328,033.

$578,510;

(net),

cents

immediate
Trust

nounced

LIABILITIES—Notes

N. Y„ has been ap¬

York,

New

pursuant to the option of exchange
holders of the 20-year 4% debentures due April 1, s 1960,
.
exchange

pointed

equipment

other

$653,347;

inventories,

417;

_

Appointed—

Sherry, Inc.—Exchange Agent

next, 1,050
stock, series

81

to

have been contracted for by this corporation, it is an¬
by Charles L, Gallo, Vice President in charge of Traffic.
The new charter flights will bring the
daily total to seven between
the two cities in high speed aircraft that make the
trip in only one

*

.

(Louis)

the

4,

preferred

amounting

present called shares for
Central Hanover Bank &

may

at

Numerous additional

iff:

4

,

time

March

on

cumulative

dividends

p TACA Airways, S. A.—Increases Service—

.

.

Holders

any

redemption

$4.50

and

and
will receive
the
full
redemption
price
accrued interest to March 4, 1946—y. 163, p. 695.

formerly held in the treasury

were

per, share

N..,.Y.,;

statement.
The shares being
and were purchased by H. P.
Smith Agricultural
Chemical Co., Columbus, 0.-~
Sinclair, president and a director, on July 17, 1944, pursuant to a contract dated April 11, 1944.
The'sale was at $13.25 a share, or «n;V Earnings— ■ •
V
1944
■>
1943
Fiscal Years Ended Oct, 31—
1945
aggregate of $1,987,500, payable on or before June 1, 1947, tfith interest at 3'<
'
: V
V ;;Grbss:-:saleS:';-^ii^------.,'-^^fe^«-.®;;$4,88l,624;'- $4,757,331 $4,233,710
Net profit
156,266
167,184
after taxes
167,843
According to the amendment, Kuhn, Loeb & Co. has been appointed
$2.99
:
$3.23
Earnings per common share.*
•
$3.24
by Mr. Sinclair as his agent and broker to sell all of or ally part of
the 150,000 shares of common, and lias agreed to buy from Mr. Sin¬
BALANCE SHEET, OCT. 31, 1945
clair such of the shares not sold for his account.
ASSETS—Cash
on
hand
and
demand
deposits,
$424,368;. U,
S.
The price to the public, will be filed by amendment.-—V. 163, p. 232,
Government obligations (at cost), $161,299; accounts receivable, $455,82i.
sold

the registration

covered, by

stock

mon

$103.50

for

company has called
of
its
outstanding

A/at

opinion of the company, in which their independent
concur,: the amount
of taxes chargeable to operations

accountants

Sun Chemical Corp.—Calls $4.50 Preferred Stock—

v

is

mission and in the

••

947

Federal

excess

5 . /,

110,000

698,092
106,000

28,200

profit, net of post-war refund

36,900

,

other

Net profit
$175,713
Net profit per share—$0.77
CURRENT

ASSETS

CURRENT LIABILITIES,

AND

CURRENT ASSETS—

$170,286

-

—

scientists, along With 800 technicians and other assistants.
Ground was broken for the new laboratories in September of 1943.—
V. 163, p. 320.

$0.75

31

DEC.

1945

1944

$243,907
234,785

$206,959
354,765
125,007

•

Cash

Standard Oil Co.

Sinclair Oil Co.—Subsidiary Completes New

Well—

Prairie Oil Co. reports the completion of well

The Sinclair

Teuscher

In a move designed to give

for 138 barrels of clean 35 gravity
This is a wildcat development on
located north of the town of Arcadia.

Logan County, Oklahoma,
oil in the first five hours of flow.

No.

in

1

block

unit

a

—V.

of

800

acres

(New Jersey)

on demand deposit and on hand,,
V. S-.Govt obligations, at-realizable'amount,,
Accounts receivable, less reserve
Sundry debtors
„•

Unit Consolidates

—

Departments—
ment

and

technical organization
consolidation

The

Inventories

Standard Oil Development Co., central

of Standard Oil Co. (New Jersey), announced
its two engineering departments.
into one
organization
more
than 400

The

directors

on

Feb.

11

declared

initial

quarterly

dividends

Sterling Drug, Inc., Detroit, Mich.—Division Expands

of

40

cents

per

share were

made on the old

Total

common

Manufacture

„

$f2.50 per share, to be outstanding hereafter.

new

of

additional

common

be

INCOME STATEMENT FOR THE 12 MONTHS ENDED DEC. 31
(Subsidiary companies not consolidated herein}
'
.

:

revenues

Operating

....

—

About

Maintenance

-——

.

—

depreciation^
than Federal income taxes
Provision for est. Fedefal income taxes
excess profits tax payable)

tron,

Net

Other

:

Gross

Interest

income

.

—

Interest

•Special
Amortiz.

Interest

list

&

will

The

leaders

Pepsencia, Holadin, and Bile Salts.
To make
department has been added: to the Detroit plant.
announcing

the

the

are

-—.—■

$1,386,458
353,389
15,113
4.620

$1,520,608
360,000
16,250
4,488

-

327,308

;

37,357

]

Cr3,264

Wesley _M.

37,357

:

—.

Chairman

election of Gordon G. Hoit
J.

as

Gasser

as

Controller.

and

Edwin

C.

Roworth

the

important

Mr.

Hoit

of the

office

was

of

elected

sibility

and

since

Mr.

Corporate
Controller

Roworth

joining

Other organization

Board,

Wilbur

leaves

Stromberg-Carlson Co. Ltd.

Controller

the

first

has

the

W.

continues

Hetzel

division

mortgage

2% % bonds due 1975 are now available
Bank, Fort Worth, or; at the Bankers /

16 Wall St., New York,
bonds.—V, 162, p. 2063.

N, Y., in exchange for temporary

Realty

Broadway

(Herald Square Build¬

Corp.

The :corporation has invited tenders of its first mortgage leasehold
sinking fund income bonds, dufe May 1, 1948.
Tenders must be made
before 12 o'clock noon on March 5, 1946, and notices of ac¬
ceptance or rejection will be mailed on or

before March 9, 1946. The
York Trust.Co., agent,

company has deposited $14,000 with the New
the purchase of the bonds but reserves the

as

to

>

requiring the disbursement of cash in excess
sinking fund purposes.—V. 161, p. 2340.

oiv,

in April,-1945.
of Canada.

Mr.

positions of
Stromberg-Carlson in 1905.

changes announced

were

increasing

the transfer of

respon¬

*

'

i'/

the pur¬

R.

from

from

from

Net ry.
*

1—

170,031

163,717

5,223,265
2,958,523
2,403,093

4,819,169

*

Oct.

The

operations

1,

Firemen

company

amounts

>

above

•'

do

2,710,434

2,343,144

3,230,356"
1,388,347

;T,033,024

'

not

include

receipts and

ex¬

corporate office subsequent to 6:00 p. m, on March
Federal Manager's operations terminated 12:01 a. m*

1945.

and

shown

<

.

3,740,450
1,793,077
1,395,537

income

of

1942.

on

division,

187,384

'

penditures

department to the manufacturing division, headed by Sidney/.]
Curtis, Vice-President in charge of manufacturing, and the shift
management to the industrial relations and properties
directed by George E. Eyer, Works Manager.—V. 163, p. 233.

196,294

v

Deficit.

the

office

$356,354

203,278

*13,258

railway,,,,

NOTE—The

22,

$425,585

223,216

1945

railway

oper.

1942

1944
$422,372

*11,242

.

income-*,,

Jan.

From
Gross
Net

1943

$10,605

*

railway-'-—--

Net ry. oper.

Gasser was Assistant

held

chasing
of

Net

Treas-

Mr.

right to accept tender^
of $74,000 for future

Toledo Peoria & Western RR.—Earnings—
Gross from /railway—i-i-

take

-

on-or

Angle.
He is also Treasurer

succeeding

$507,742

:::

announced the'
charge of finance, and

financial

Secretary

$414,926

Worth: National

Fort

1350

recently

Vice-President in

Lester

urer

of

$185,743

ing), N. Y. City—Invites Tenders—

■

Angle,

—

,

$209,370

a

new

-

147,000

25,000

liabilities

Co,,

December—

438,908
Crl,818

the

Trust

Gas-

products,

current

17,490
13,650

138,200

income

on

Texas Electric Service Co.—Definitive Bonds-

by Stearns

marketed

be

Foster."

$7,603

on

18,705
18,627

working capital,

at

Stromberg-Carlson Co.—Changes in Personnel—

income




the

taxes

-

for Federal taxes

Definitive

Co.,

Sterling, Inc.—Scrip Being Paid—

90,104

.——•—$651,934
$665,422
WThe special charge in 1945 is equivalent to the estimated reduction in consolidated Federal taxes on income resulting from deductions of/
costs applicable to refinancing of bonds and thaf in 1944 is equivalent
to the reduction of such taxes resulting from loss on sale of railway
Net

on

Fairchild Brothers

Federal

—V. 162, p. 2063.

which

The Manufacturers Trust Co./New York, N. Y.f has been
appointed
script redemption agent to pay for scrip expiring Dec. 31, 1945 at the
rate of 65 cents per l/20th.^V.
162, p. 3237.»

137,389 ' ,135,287

long-term debt—
of debt discount and expense
on unfunded debt——
charges —,—
—
ef utility plant acquisition adjustments
charges to construction,—_
—.

on

Amortization

products

by the Winthrop Chemical
Phisoderm and Enzymol.

than

for

;
;

to

—V: 163, p. 695.

481,557

198,378

Net

$1,249,069//$1,385)321"

from operations
(net)—-—

earnings
income

*

(no
—

trade-marks

other

three

The

distributed

other

taxes,

'

arrangement, Dr. Hiebert stated that medi¬
cal interest in replacement therapy
involving the products acquired
appears to be greatly stimulated at the present time.
The demand is
heavy for the preparations now added to the Stearns list, he said. All
are
prescription
specialties
sold
through
the medical
profession.

140,626
290,297

292,698
487,670

for

Taxes other

and

$693,485

$8,838

Long-term debt due within one year

•

1944.

161,713

50

"Successors

as

$3,812,328
1,424,422

1,605,266

Operation
Provision

1945

$3,994,993

manufactured

Rensselaer, N. Y. are Marinol,

In

V

Reserve

distribution of all but three products of Fairchild '
T6 Laight St., New York, N. Y., has been taken Over "

Manager of the Stearns* division.

General
will

118,938 shares

and

$624,296

Other accruals

by the Frederick Stearns & Co. Division, Sterling Drug Inc., Detroit, it
was announced on Feb. 12 by Dr. J. Mark Hiebert, Vice President and

stock of
$12.50 par.
In this connection the 118,938 shares of old common.
stock of $25 par have been changed to 237,876 shares of common
stock of $12.50 par per share,
which with the additional, shares
sold in December, 1945, total 356,814 shares Of common" stock, par
stock

ferred

and

Brothers & Foster,

,

5,434

income

.

stock of $25
par on Feb. *10, May 10, Aug. 10 and Nov. 10, last year.
The old
common stock
was recently split up on a two-forrone basis.
In
December, 1945, the company refinanced $9,000,000 Of firstmortgage 4%' bonds and 47,954 shares of 7%
preferred stock and
issued $8,000,000 first mortgage and
collateral trust bonds, 2%%
series due 1975, and issued 38,000 shares of 3.90%
cumulative pre¬
of

1,320

4,826

payable

Accrued

Process

pendently

97 Va cents per share on the new 3.90'/^ preferred stock and 32 y2 cents
per share on the new $12.50 par common stock, both payable March 1
to; stockholders of record Feb.
19.
Regular quarterly distributions

supplies

CURRENT LIABILITIES—

Accounts

Engineering Department which have operated inde¬
for nearly 10 years.
The new organization, named the
Esso
Engineering Department, is directed by E. W. Luster, Chief
Engineer, who reports to Dr. N. E. Loomis, Vice President in charge
of engineering—V. 163, p. 695.
•.

the

and

Electric Co.—Initial Dividends—

marketable

Total current assets

brings

scientists and other employees of the General Engineering Department

Sioux City Gas &

of

139,282
1,496

'

13 consolidation of

Feb.

on

163, pp. 621 and 232.

greater emphasis to mechanical develop¬

engineering research,

—

In

a

the

operations

the Brotherhood of Locomotive
who
demanded
that the road
continue
conditions as under Federal management,
suspended.—V. 163, p. 469.

dispute with

Engineers,

under

same

were

THE COMMERCIAL & FINANCIAL CHRONICLE

948

"UARCO"

etc.—

Tide Water Associated Oil Co.—Prepays Notes,

in

the prepayment in January of $4,dOO,000 of its
serial'notes, due 1945-1954, thereby reducing'the total outstanding to
$17,250,000 on Jan. 31; The notes paid were scheduled to mature onehalf on Aug. 15, 1953, and one-half on Aug. 15, 1954.
The company
also reveals that no refund to the Government was necessary under
renegotiation oi contracts for the year ended Dec. 31, 1943. Sales for
the three months ended Dec, 31, 1945, totaled $48,275,000.^ Unfilled
war contracts at the year end were $3,926,000, compared with $6,027,-.
000 at the end of the previous quarter.—V, 163, p. 695.
'
'
"
>
V

the

the

transaction was $74,000."
L.
Cleveland is Vice-President

R.
M.
Erlckson. is Secretary,
The
First National Bank Building, f 15 East

.

.

and

General

offices

has

company

American

emphasized

accounted for

market."

the

much

as

In addition
and

in

saturating paper and fabrics- for shoe parts and artificial leathers;
in the backing of pile fabrics for upholstery and carpet, manufac¬
turing; and in the solutioning bf tire coird,
v
"A new synthetic rubber with 'special processing
qualities'required
for footwear;
another for the lining of corrosion resistant tanks;

name

need
being

growing

for
'

re¬

inherent

in

attention

•

v

.

for

Changed—

■

Register

Chicago—Name

Co.,

^

,-h'

■

\'■ See UARCO.'Inc.

above.—V.

429.;;(1

126, p.

f■V"1 ■ J'-y'■

/■

United Corp.—Seeks Exchange of Stock—

;

Corporation has asked the Securities and Exchange Commission
a
proposal to tender 606,620 shares of capital stock
of
the United
Gas
Improvement Co, to UG! in exchange for the
following:
60,662 shares of- common of American Waterworks &
Electric Co.,
Inc., 727,944 shares of common of Commonwealth &
Southern Corp.;
60,662 shares of 5% cumulative second preferred
Series
A of. Niagara Hudson
Power- Corp.,
and 60,662 shares of
common

of

United

of the employees who temporarily left for military service
returning, and are being given every consideration, the report
one who wishes to return has been
placed in his former
job, in an equivalent job satisfactory to him, in a better job for which
he has qualified since leaving us, or, if he has been incapacitated, in a
job suited to his capabilities.
,;;y :■'
•,, yyyy.
y;,,
'

American

of

Service Corp, of New Jersey.
y
"
also would sell to UGI up to 12,000 additional shares
Waterworks
stock if
needed
in
the
exchange.
The

is

transaction

in

of

itself

divest

UGI.—V.

keeping

163,

the

Presidents—

with

greater

p. ■:823.

SEC

order

its

/ an

capital

of

part

Uy-%.;•

United Merchants

y

;

that

Corp*
holdings of

United

stock

;v

••

;• ;■???;

V"' Jvy''-;,V

! yV'':C ;:":r

1945

"vvti' /'.y.'
Net sale*,

,

Dividend income

$626,472

$2,536,320

41,462

99,570

Br20,535

Europe

as

y\y;yy[-y.'y

"".'.i;':'.;.:

;;

;

Gross income;

—

—

Income charges
on,

'.-'J':- ,;a.•

Federal

for

Prov.

proposed route is 9.792 miles, or 384 miles shorter than a proposed
route via Miami, Florida, and Natal,
its application TWA declared that it intended to use modern
four-engine planes on. the proposed route.
It was a TWA Constella¬
tion which on' Feb. 11 landed at, Johannesburg,.after,.a record-breaking
flight in which it covered the 9,792 miles from New York in less than
39 hours flying time.
This plane followed the airlines present Great
Circle route-via Newfoundland." Ireland, France and Egypt* and flew
the 3,370 miles, from .Cairo to Nchanga, Northern Rhodesia, non-stop,
—V. 162, p. 3239,
^
• *
,5

132,880

278,183

$800,814

In

$2,914,073
334,236

62,288

income

-L'

$458,526 > $1,447,837

$501,162

-

will be.

released

when

directors, it was announced. His eldest son, H. C. Turner,
Jr., Vice-President in charge of the Philadelphia territory, has been
,

■-

Ry.

1945—Month—1944

-

."'A$
oper. revenues!—__
27,689.334
oper. expenses
36,096,059

$

Net

fr.

rev.

ry,

-

*

:

Cr8,881,044

—

Equip, and joint facility
rents (net)
;

inc.

from

from

Income

invest,

sources

Total

13 947 665

.1432.191

income

^—-—

1

net

ot'

sales

Fixed

Net

and

31 107 5S3

was

considered

Jb^b.uxo

16,595,894

20,401,418

3,001,124

47,703,447
14,671,867

56,927,433
15,856,539

33,031,580

41,070,894

fReleased

from

funds

U.

Total

on

for

Dividends

1,856,311

sourc.

1.144.813

5,013,954

"reserve

8,

Govt,

against

possible

re-

shipments"'

1;618,699

disposition—2

a

write-off

of

unnecessary

3,981,724

for

Balance
cent,

on

common
common

st'ock—
stock__

.

'

-

•

fIncludes

Federal

$8,479,466

income

and

s

It

17.071

received.
an
unamortized

of

Plants

balance

cost

or

portion

thereof,

certified

124

the

respect

to

such

facilities

of

being ended by proclamation of

President.

JITo offset reduction in net income
resulting from refunds on ship¬
ments transported in prior years, of the difference between commercial
rate3 and land grant rates.—V.
163, p. 823.
.
j

UARCO* Inc., Chicago—New Name, Etc.—
W. R. Barker.
from United

President,' on

name

proposed

expansion

Feb. -11 announced a change in the lirm
Autographic Register Co. to "UARCO, Inc." and a
expenditure of $1,000,000 during the next two

years.




39,944

,

.

7,443.773

.

1,401,422
2.538,082

2.132,078

.30,153,073;
12,091,332

19,018,429

.

7JV-'

in

1945 to earnings.

•

;

36,778,213

4,597,734 '

4,379,423-

2,653,337

10,787,68®

;

5,682,285.

688,979

1,604,048

1,287,461 i

6,735,011
179,614,284
Crl57,733,903 €rl22,640,669 ;/
; 1,359,846
:
1,205,177
6,814,247

203,267,044

equipment

fbr depreciation
,

:

;

A;

10-year

reflected

in

the

:

A.

,

in

handling and shipping.

serial

and

10,787,685

2,653,337

bank

notes

(maturing

24,000,000
1,675,000

insurance-,

'

for' pensions—

27,000,000
1,650,000

1,490,324
4,185,174

—'

V 1,223,73 7

reserves

-

5,917,432
405,565

65,109,100 ?.

.

Common

stock ($10 par)—

;

17,590,920*

17,590,920

,

surplus

12,427,166

Earned surplus.

39,190,643

Capital

,

11,827,166

34,892,402

,

■

!:

■; Total

226,221,163

239,881,183

v.

of

$2,084,586 for 1945., $2.120,010 for 1944.
tAfter reserves of $86,041 for 1945, $95,219 for
1944,
tAfter U. S. Treasury savings notes of $16,331,323 for 1945,
$23,251,612 for 1944.—V. 163, p. 823.
; ;
After

reserves

for

doubtful

accounts

,

accounts.
a

mill

for

•

United States Sugar Corp.—New .Starch House— ;
A $7,000,000 root-starch industry, utilizing 12,000 acres of reclaimed
Everglades, and employing 2,500 persons, \|ras announced on Feb., 3
by Clarence R. Bitting, President,
Although
already turning out test runs 'of high-grade starches
and their derivatives, the starch-house must' await the growing and
harvesting of a new crop of sweet potatoes to supplant its hurricanedamaged raw product before commercial production can begin next
fall. The September storm that swept across Florida,, accompanied,
by torrential rains, water-soaked and ruined three-quarters of the
current crop in the fields, and otherwise delayed test and training
runs
at the starch-house, which was scheduled to begin its annual
production of 75,000,000 pounds of root-starches before the end

of

enterprise in the Florida Everglades, After
production, the starch plant marks a sizable addition to Abe
agro-industrial center the Corporation is building in the heart of
the Everglades on the southern rim of Lake Okeechobee, and removes another

Its superior properties will prove valuable

world,

uniformity

and

"have-not"

shortages these
The

greater

.

1945.

Second largest individual

sugar

ease

provides

.

/

5,926,515

15,225,797

;;:y
interests in capital stock and ;
;
402,853
surplus of subsidiary companies—.
8% non-cum. preferred stock ($100 par)-65,109,100

.

by the company during, the past year," the report says.
"One
most significant was the widespread recognition and use of
Rosin Soap GR-S, our early development of improved rubber, which
not only assures higher quality but- also better processing resulting,
in increased production in tires and other products.
"Another important development of the year was a concentrated

which

3,000.000
18,599,587

Minority

This

the

latek

for

>

General

..

tered

rubber

1947-1954)

Reserve

ments, or a total of $38,005,333.
Therefore, there was a net decrease
Of $11,361,243.
The three synthetic rubber plants at Institute, W. Va„ Los Angeles,
Calif.; and Naugatuck, Conn.,, continue in operation at production
rates prescribed by the Government,
"Many notable advances in synthetic rubber technology were regis¬

synthetic

2%

.Reserve

Total additions to property and plants in 1945 amounted to $26,644,090.
Deductions were. $10,980,290 for depreciation, $26,496,634 for.
write-off of war facilities, and $528,409 for/ disposals- and adjust¬

of

20,725,278

;

related liabilities

10-year

.

,

maturing

notes

Advances under Government contracts
;

tilities.

purchased

bank

3,000,000JAccroed Fed. inc. and excess profits taxes
9,222,318 ;
All other accrued taxes—
6,671,610
Other accrued liabilities-taww--_U'i*--^i"i,M;''.'' 13,774,297

present

and

24,828,421

payable
2%
serial

within one year

not

determined

239,881,183

LIABILITIES—

V

,

; "

;

226,221,163

Accounts

It was

renegotia

consists

product

-

from

Everglades producers

starch-house,

of

largest

and

five buildings

the

list

are

most

of

essential

combating.

modern,

covering

.

,

15,249,028

37,606,872

Total

•'

$6,939,305'

under Section

45,718 K;

69,900

Prepaid and deferred assets^ilii

,

the

and

Reserves

twisting and
built by the company in 1944 for.
the Defense. Plant Corporation at Scottsvllle, Va,
Three munitions
plants operated for the Government at Des Moines,; Iowa, Charlotte,
N, C., and Joliet, 111., were-closed shortly after the ending of hos-

1945—12 Mos.—1944

Internal Revenue Code as necessary in the interest of national
defense,
of facilities completed or acquired prior to
Sept. 1, 1945; the emergency

period with

.

During the year the company
weaving rayon.c«rd and fabrics

profits taxes:

§ There was accrued in each of the months Sept; to
Dec., 1945, Incl.,
approximately one-fourth of the balance unamortized as of Aug. 31,

1945,

is

the

value will be

Cr$!0,673,866 $15,000,000 $60,600,000$118,000,000
fDeficit.

71,235

t Other accounts and notes receivable-—^--

possible as yet, the report states, to make any appraisal
value of the rubber plantations. which the. company
owned, in Malaya and Sumatra, of the chances of early operation, or
of the expenditure which may be necessary to put them back into
operation.. When the plantations are recovered by the company* their
of

,

1945—12 Mos.—1944

$571,481§$42,380,147

excess

1945—Month—1944

—

v»:

contlng.-«.— Crl,250,000

Accts. receivable—war contract terminations

v

1945—Month—1944

8,420,955

y;J,~

*

CONSOLIDATED BALANCE SHEET, DEC. 31

rose
$15,719,302 from $12,295,126, and in Latin America, where ah increase to $3,611,165 from $1,445,875 was recorded.
In 1945, a footwear;
plant was placed in operation near.. Havana, Cuba.
Also, the tire
plant in Mexico City was expanded and additional capital stock in
the subsidiary corporation which operates it was acquired.

37,948,190

13.797

"Includes charges for amortization of defense facilities.:

subs.

in

post-war

to

41,929,914
3,981,724

30,668,555
—.

15,487,414

376,836
..$3.47:

Foreign assets
increased; to $21,346,741 from $15,542,854.
increase" was accounted for principally in Canada where assets

.

Per

interest

$1,307,471

$3.31

make any provision for contract

to

$27,479,654 in-1944.

859,020

34,650,279

preferred stock——.

op

1.25cr,000

14,209,273

:

Reversal of provision for

! Pointing to the fact that the company is in the strongest financial
condition in its history, the report shows net working capital increased
to a new peak of $110,070,924 from $93,732,772 at the end of the
previous year.
Current assets amounted to $167,567,570 and current
liabil.tieg were $57>496(646i
c0mpared
with
$157(209,948 and $63,477,176, respectively, a year earlier.
Of last year's current assets,
$36,224,764 was cash and
U. S.
Treasury bonds,
compared with

76 S26 016

Jx,iU/,ooJ

chgs..

other

inc. fr. all

yyiys.:y

.

,

company

which was set aside in 1943 was returned

?

13 298 946

5,332,589
7,653,572
2,639,618

15,902,514

,

'

.

—

11,846,013.

•

of $26,496,634
expended under certificates of necessity in the purchase and construction
of buildings,
machinery and equipment during the war
period.
This resulted in a net charge against 1945 earnings of
$1,857,383 after Federal income taxes and applicable renegotiation
funds for the years 1941 to 1945, inclusive.
A war reserve of $1,250,000
There

,

3,433,315

-

&

Net inc; for the period

Equity in, earnings, ap-?;
plicable to
minority

United States Rubber Co.—Annual Report—
Consolidated

which a fee of $4,940,958 was

'

2 320 983

y<.

;; contingencies

[•

-

,

—

-

'
.

other

1,347,258
——

operations

,

906,510

;

>
1
;
transp.

,

Net

.

post-war

upon

^

fTaxes

y

'

4,157,977

for 1945 reached- a new^high of , .^Finished goods
Goods in process pf manufacture
$471,506,473, according to the 54th annual report to stockholders, :
released for publication Feb. 8 by F. B, Davis, Jr.* Chairman of the
Raw materials
board, and Herbert E. Smith, President.
This was an increase of 6.4% ; ;
over sales of $443,077,433 reported for 1944,
which had beerv. an all- v Cash, receivables and other assets relating
to advances under Government* contracts
time high until last year.
As in previous years, 1945 sales do not include a substantial volume
Postwar ; refund
of
excess-profits, taxes
of production in munitions and synthetic rubber plants owned by the
;
(foreign governments only in 1945)
Government and operated by the company on a cost-plus-fixed-fee r, Miscellaneous
investments
:
basis.
This
production amounted
to more than $310,000,000, for
Land, land improvements and water rights

$

•

for

Provision

tion on 1945 business.?'?;&;j;;:;:c;^
*
21.163,984 129,591,288 191,631,164.
Direct taxes
17,495,743
84 536 070 141 806 203 ; -? ' Direct taxes aggregating ^47,025,988 were charged against' opcraaggregating $47,025,988 were charged against- ope
; ;
tions in 1945, in comparison with $57,584,271 for the previous year.

*8,406.725

opers,

.$

I

/Fetiy^excessv;;;...':;_^'

profits taxes-

.

1945—12 Mos.—1944

47,888,578 491,877,872 506,590,966
26,724,594 362,286,584 314,959,802

*Ry.

„

—.—

.A;va

■

Union Pacific RR. (and Leased Lines)— Earnings-^Period End. Dec. 31—

,

"

26,496,634

.

C. Turner. Chairman of the board and founder of the
has resigned as a member of the executive committee of

■'

*,

war

; 1944
i1'
1945
^
has filed ah amendment to its registration statement
A8SETSyy:
covering 92,334 shares of common stock to be offered to stockholders
Cash
22,479,654
'.i: r 31,224,764
at a"ratio of 1* share for each 2'/a shares now held, naming a group
U. S. Treasury bonds at cost (2%%s bonds
headed by White,; Weld, & Co.; as underwriters. The underwriting ; ; in 1945; 2% bonds in 1944)—
5,000.000
5,000,000
group will also receive 46,162 warrants entitling holders to purchase ; ;
Post-war refund of excess profits taxes—
2,407,301
common stock for the next three years at $16%.*
V,
Dominion of Canada Victory Loan bonds
The City Bank Farmers Trust Co., New York, N. Y., has been ap22,625
739,324 V.
pointed transfer agent for the $1 par.value common.stock
"
♦Accts. and notes receivable from customers
v 49,626,368 V
34.888,019

;

163, p, 233.

for

a

Corporation

the board of

elected to succeed him.—V.

>

A

'2,264,640

—

United States RadUtor Corp.—^Underwriter Named—

;

and

materials

New Member of Executive Committee—
Henry

Prov.

of

cost

facilities

•

s

1,800,000

436,836
,

584,333

,

.

probably

.$1.22

55,677,370
250,748
1,112,890

745,459

.13,024,778 ,15.832.613 / 14,163.554
8.381,011
possible renegotiations of war conpreferred dividends..^ ; 5,208,728V / 5,208,728: i 5,208,728 ■ ■2,604,364
the company's income for the nine months ended: Dec.
common dividends-—3,517,810
3.517.813 V; 1,758.891 ^."v
-v.-.
31, 1945, and -19.44- is not-presently, determinable, the^^ management;^Earnings per share^i*
$4^/; .v $6.04 ; ^ $5.09
$1.82,:;
is of the opinion that it will not be materiaLv.:^^^,;;;..■
^Including depreciation of activ« p!ants and,plantations of $10,980,2^0
v
Depreciation and amortization, charges for. the" nine months ended
lor 1945;" $9,724,195 for 1944, $8,443,760 for-,1943 -and $7,694,760: for &
:
Dec. 31, 1945 and 1944 aggregated $901,766 and" $742,052 respectively.
1942.
fAfter "credit adjustment of ; 1943 -renegotiation^ of $1,277,890..
$ —VvAi63,:p. -.6d64--.fi.f^;V-;:''^:
It Also includes provision for renegotiation of war contracts.
<
;
tracts

sufficient labor, are; available.

company,

7,442,432

^

indebt..

-

During the year 1945 the company completed contracts for building
and management
services,
including participation
in
involving transactions substantially in excess of $100,- v
000,000, J. Archer Turner, President, stated In a report to stockholders
made
public; on Feb. 5: The volume of work; completed, and net
earnings, parallel closeljr the figures for the years 1943 and 1944.
The company is starting the year 1946 with a volume of construction
work on its books totalling $43,050,886,; Mr.
Turner reported.' This
amount,
making due allowance for' the relative purchasingpower
of the. dollar,
exceeds the volume at this period in any peacetime
year; in' the history of the company, it was stated. He also reported ;
that inquiries being
received by the firm indicate a great backlog
which

37,572,283
?
731,136
: 1,332,363

59,002,513

revenue

funded

on

NOTES—While- the effect of the

-

9

$43,050,886: on Books—

•A

376,836

shipbuilding,

construction

1,219,595

revenue—,

-

1,132,000

280,000

62,000

.

Turner Construction Co.—1945 Business Parallels 1943

and 1944 Has Volume of

of

61,667,993
563,286

fFrov; for Federal .and,
foreign inc. taxes^...; 19,330,074 f36,146,578 1144,425,840

taxes

southern

construction

1,256,050
11,991,305

1,171,196

7,657,087

Unamort.

$3,244,493
f 137,022

income''

Net

and

>

2,716,533

4,940,958

to Johannesburg over TWA's North Atlantic

Distance from New York

^

36,401,087

2,025,264 ?

;i:

parallel existing routes between Cairo and Johannesburg, now operated
by British Overseas Airways and South African Airways in a pool ar¬

rangement.

26,442,790

48,420;638

Total

$2,586,173
115,481
542,839

$769,856
206,694

------

Other income credits—

32,467*770

45,303,750

Int.

2,048,327

25,412

A

35,745,447

52,036,291

Other income charges-.

q71 B44

2,779,477

'-Y

,

Prem. on bonds redeem.

$764,979

x

.

::

,

,

39,713,453

■

636,015

,

,

Prof it from operations
Other income credits,,,

f

Other oper.

^8,466,100
;

1942

-

Sell., adin. and gen, exp.

.

$9,728,587 $37,423,715 $30,971,844
32,107,918
26,337,344

1,026,217

•

194J

•

y'®''E

421 71c

ex-

1944

'.$ ;K-"7". - ■' $
yyy.'/y";;

•

l^Cost-Of goods sold,.--.. 379,756,729? 362,028,257 341,382,934 231,170,391

directors, have been

.

11.100,65Gv

.

®

; "i'-V
after all. re-

discounts,

turns,

Inc.—Earnings—
1945—3* Mos.—1944
1945—9 Mos.—1944

$12,891,852

.

CONSOLIDATED INCOME ACCOUNT FOR CALENDAR YEARS,

Mr. Rosenthal is also President and Gen-

,

Each

I*''^j{J0 d ' S&ltcs * tftXCS ""'i'* v' .:
','i -T.'»'.yi*"'''!. <• •*•'f'-j'j;
V''^
transp. and allowances 471,506,473 443,077,453 422,271,043 294,014,268

Manufacturers, Inc.- -New Vice-

&

appointed Vice-Presidents.

possessions of North Africa, the Middle East, Asia and
well as the United States.
The**proposed route would not

now

states.

•

Public

Corp.

its present route a
corporation requested'Authority _to add toits j^®sent routea
4 492 mile
extension from Cairo to Johannesburg, Union of South
Period End. Dec. 31—
Africa* with intermediate stops at Jidda Saudi Arabia; Asmara, Eri- .
.,,,.Vt4, .,Wl,
trea; Addis Ababa, Ethiopia; Mombasa, Kenya Colony; Dar es Salaam,
, Net
sales
Cost of. sales—
Tanganyika; Mozambique and Lorenzo Marques in the Portuguese Col•
Selling, gen. & adm. exp.
ony of Mozambique.
'
•
This is the first application by any airline to provide service to the
.
Net oper. income
East Coast of Africa, although the principal resources in Africa sub- •;

and

cars

Many

are

approve

The

trius

tubes

.

The

to

,

ject to development lie largely in that area.
Connecting TWA's present international routes with this region would link it with. 20 coun-

better

greatly improved
buildings, planes,,

.

Autographic

United

^

,

to

'

,'

of butyl synthetic rubber,
a "coming - tire 1
mileage, a- new fireproof upholstery material
and. buses, - a burn-proof" ironing board
cover, and a plastic, which will be used to make stronger, lighter,' more
decorative furnifure.
.
•.
...:y;y
"The prospect of large volume business in 1946 is very
bright," the
report states.
r; •
;
The average number of employees in 1945 was: 70,739, as compared
^'-Vith/..78,34'T-:in.; 1944-...-They'received.-'a total of $183,488,762 in wages
and Salaries, equal to* $2,594 per employee, which.compares with the*
1944 amount of $189,766,092, equal to $2,423 per
employee.

with

eral Manager of Sudampex, the company's Argentine subsidiary and
Sion 10 Airican
vyyyyyyy'yyy tyhas, been connected with the company for 23 years. Mr. Straus has
An application to bring commercial air service for the first time to
been President of the Seneca Textile Corp. since its organization :
the area along the east coast of Africa was filed on Feb. 13 by this
an<i Tvill.also continue in this-capacity.?-V. 163, 469. '
corporation with the Civil Aeronautics Board in Washington.
»
rnaet

TToof

production

a
'

'

Transcontinental & Western Aif, Inc,—Plaiis Expan•

developed, ail on

were

Stating that "techniques and knowledge developed under the stimulus
of war are now being applied to peacetime products," the report calls

Chicago the corporation has plants in Cleveland, Ohio,
Oakland. Calif.
See also V. 163, p, 356.
;
;
^

Charles B. Straus and David S. Rosenthal, both

A -

the first time makes possible a white GR-S—came'
our scientists in 1945; '. In that
year more-than 40

synthetic rubber

basis."

Ex¬

to

•

.

of

business.

.

V

First St., Reno, Nevada.
.
The annual meeting of the stockholders will be held on March 6.
Five directors are to be elected to serve for the'ensuing year.
The
Co.
nominees are: Arthur E.
Orvis (partner with Orvis Brothers
of New
York City), Eldon L.
Cleveland, Joseph. E. Snelson (San
Markwell
Francisco,
Calif.), Bert Riddick -(Ely, Nev.)
and Tracy
(Wagner Tank & Mfg. Co., Reno, Nev.).

.

varieties

products,. Mr.

the

of net sales,

10%

as

for

from the research of
new

of the company's

diversification

which

another

.

.

cluding the federal government, .he said, no; single purchaser, accounted
for as much as 1 % of UARCO net sales in 1944 and no
single industry

426

at

the

and

increased
only another manifestation of the

In-pointing to the wide acceptance
Barker

trade

company's

the

machines

continuous business forms is

of

ever-growing

and

Manager

incorporate

Barker said.

office

,

"Our whole

Tonopah Divide Mining Co., Reno, Nev.~-Acquisition
The company on. Jan; 30, in a notice to its stockholders,: made the
following announcement:
■'<.
'v;.;" J'V"y ^
"The
Gaston property
that was mentioned in the last annual
report was acquired
through an Option from Eldon. L. Cleveland,
owner
of the property. for the past five years, after receiving a
report made by an independent engineer based on his examination
and samples of the property.
The purchase price being $100,000,
of which $20,000 •' was the down payment and the balance of the
purchase price, amounting to $80,000, is to be paid on a_ royalty
basis of
10%
of the net mint, smelter or other returns from all
ore and/or metal which shall be produced or mined
at , said Gaston
property
until the
said sum; of $80,000 is fully paid within a
period of 10 years, unless this option is < terminated or • otherwise
decided by the board of directors.
This action was ratified by the
board of directors of this company.
The owner had the property
since the year 194o and the approximate cost to him at the time
Eldon

to

Mr.

on

records are credited by Mr. Barker as
the expansion program.
* ■ ;
economy has been stepped-up," he Said,, "and

sponsible for

;

of

reliance

business

elaborate

use

adopted

was

corporate title,

Increased

The company reports

MondayyFebruaryT 8j 19

of

six: acres

domestic

'
its

of

type-in

the

ground, with

.

't'

:XM

jVolume 163

Number 4465

m

THE COMMERCIAL & FINANCIAL CHRONICLE
~

content of

all Structures In

to

its

of

b,y-product

biarch

output, it

produce

lor

Jne Project represents
diversification

„

000

of 2,500,000 cubic

excess

will

materials

annua.ly

livestock

feed,

'

feet.

some
-

.

In

addition

30,000,000

serve

a substantial part: of the company's $20,000,-

program.

unique

plan

help

to

$75,000;

Resale of

combat

the

housing

shortage

its

suus.diary,
cost

employee
States

the Clewiston

less

OA'/*, per

for any.reason

his

sever

connection

with the

United

taxes,
sugar '... \! i

the

owner

to

month

those employees who

and

are

against financial loss.

rlLSul:>mit
The

recommended

To

the

secure

agreement,

Operating

———

$3,290,242

——

w

$4,315,329
1,705,407
343,674
321,551.

57,764
49,426

57,764
r 79t707

1,391,140

~

Maintenance
Depreciation. !—.1..:

249,569

Amortisation of plant acquisition
adjustments.
"Fedei al .income.
taxes\a,^:-^^U^t^^

:Other

taxes

.

,

:

'""

——————

248,096

..

nvf

hand

on

and

ii

Jan.

-

$1;

patents,
V—

$423,044;
•

•

deferred
'

•

.,

charges, $3,000;

Net

Net ry.

1946
—$10,583,663

163,

234.

p.

1945

income

$9)248,697

$1,334,966

,

Wellington Fund, Inc.—Annual Report—
i

reductions

)

in

Federal

allowance

for

to

taxes

Net

::

3,250$567,592

Total

123,957

16,904,279

693,168

—

3,396,923

—„

Net operating

'

92,031

tSpeclal charges
Net.: income
Net

2,891,600

;

—Z

Income -excl.

.

$429,814

,

$9,704,321

\jtfar,4r

income-

on

•••' ''

dividend

AnnliooKlft-fn

.ir

Earn,

per

requuements

Anmtvtnt-.

share IS
based

*'*,

tri-Anlr

V''

u'

-tttA

LZuZZZl
on 2,938,425 shares--.—

1,281,903

'

COO

S $
$1.46

'

I

,

:
,

"■

be

* r

,

CftC

;

^

357.

p.

u'

:

t

^

"

**

"

■

*

p

(&

Paper Co

funded

unfunded

Net

"

♦

3,244,274

3,100,1^

CtTheCFranks

^714,328;4$5^03,^^
H44

V

transportation

property in

162, p. 2688.

book loss in 1944.
*
"

of

excess
<

sqxplus at beginning of the

"Profit

on

sale

Adjustment
of

.

of

of timber

from

marketable

year

co.'s woodlands

securities

3,532,788

lower

to

market

cost or

$2,142,072
:-11,677,222

!

.

;

—

$2,383,587
11,067,708

Sales

73,920

Total

>

—

4V2%-cumul.

on

'

,

pfd. stock,

'I

$17 352,1082 $13,525,215

1.50 per

sh.

674,121

Years

Ended Sept.

Sales

30—

'

,

,

1945

1944

1943

,

> "After Federal

-_-l-i----_-----i;-----„ $13,388,262 $12,046,604 $14,660,590
——^12,932,049
10,649,649
13,387.514

-

and admin. exps.j_-—

♦

$1,396,954

141,975

746,539

$1,273,076

Cash

Other

income

Net: profit
Reseiwe

-Net

-

for

$293,901

y

Provision for: income

,

$314,237
JDr20,335

'

$648,302

.

));) 201,573

tax,

reconversion

$650,415\ .$467,440
JOrlO,982,
;:)'<■ JDr2,113

■466,758
75,000

profit/'$92,328

$106,543

paid.
43,500
shure—$0.30
"Including expenditures; for cost-plus-fixed-fee

43,500

per

BALANCE SHEET AS

ASSETS—Cash

on

hand

stricted

and

:

$456,458

)>

335,776

OF

SEPT.

■

contracts

J

and

.

^'

feel

),)

30, 1945

' Total

and $138,445 in 1944).

1945

LIABILITIES—

,

1;Reserve
Reserves

for
for

Federal

Reserves

V

LIABILITIES—Accounts payable. Waco purchases, $22,848; accounts
.^.payable, purchases for U. S. contracts, $1,191,672; nctes payable, bank,
s $185,829; accrued liabilities, $95,975;
employee withholding tax deduc¬
tions. $8,281; employee bond aUit.ments, $2,646; advances by*Waco ohaccounts,

$1(680; .customers'

contra,

$435,829;

credit balances,




,

customers'

$5,096;

-

deposits

distributors'

on

orders,

contract

de-

.

,

Yazoo &

for

officers'

sharing bonus

and

563,934

Gross

from

'•

500,000

f After

::

United

States

1944.

"589,011
97,554

"224,960

31,468,662
8,621,112
3,525,633
113.;
•;•*:

35,998,193

,

:

; 1943 '
$904,692
"924,137
"829,935

13.262,449

railway—-

railway--—--'

.

"Deficit,—V.

163, p.

.

34,627,272
11,982,504

4,268,574

) 4,354,593

1942

$3,679,769
1,266,907
"1,563,029
'

35.655.4U
17,052,953
10,572,125

'.'.-idaittdJi.•:.;■)>
York

3(

Corp.—Earnings—

Months Ended Dec. 31—:

"'Completed 'sales

1945
:

.'

:

—a.———

Fartly completed contracts——

;

lax notes of $4,670,000 in 1945 and
preferred, 3,681 shares at par and 43,920

Treasury

§1945

1944

100,000

profit-,

——rr——.t—)—_$68,523,800 $59,344,798

$4,000,000 in

that said fro11®)' -car .opeiar.-,
order of the Department. ,,,,
'J;:.':■ ~■)>
'V;

Ir—

Net(»y8<bper. income—.

290,404
290,404
■AV*% preferred stock ($100 par)
15,583,000
' 15,193(400
Common stock.(946,352 shares no par)
28,619,310
28.619,310
11,677,222
:, Earned 'surplus'
15,775,529
j.-,——
■
8Less Treasury stock,
Dr1,151,069 15x1,084,769
———
Total

Nek'Jl-.om

,

;

——,

Fromi-Jan;

Gross .from

171,913

,

..

$3,137,044
1,050,428

$1,783,288

railway.,—^

Net (from railway——*
ry, oper. income--^

.

1944

1,722,676

100,000

;:*'•

1945

1;

December—

$1,765,042

500,000

self-insur. plan

employees'

.

had been ordered m
Public; Utilities.
State order that tro.J-

Mississippi Valley RR.—Earnings—

■

166,785

inventory price declines-

Reserves for New York State

854;

$1,125,9(1

until the State Department orders, discontinuance.
says: :.
■■
r)"/—^
:,;

portation needs, and it is further ordered
tion shall not be 'disebntihued except' by
P. 776. f
* : : - :
:

97,260

1,649,880

taxes______—

counts

receivable,; USAAF,'iee withheld to contract completion,. $)03 $265,409;, cash held for employee bond purchases,
$2,081; U. S. Deiense stamps, $100; investments in stock of other cor¬
porations. $1,470; land, buildings and equipment (alter reserve for de¬
preciation), $215,921; deierred expense, $7,119; total, $3,303,412.

appears

the

376.579

•

$2,379,561

Increase

1945

operation as may be necessary

car

by

—V) 161.

29,664,947
2,067,336

$50,84),480 in "1943 and $47,597,424 ih 1944.
"
" :
1945

payable and accrued liabilities—
Dividend,on preferred stock, payable Nov. 15--,

,

ftontract

469,350
7,059,706
719,156

-t-After depletion and depre¬

Accounts

..

"Therefore,

?After

$5,000 in

/

its ''order:'the Department

In

of

' $63,523,800 $59,344,798

■

,

operation a sufficient number of busses to take care adequately
public need.
"
after a public hearing investigation and considei ation,
,)it is ordered that effective February 11, the company restore such
trolley car operation as is necessary to provide for reasonable trans¬

6,761,279

wood

ciation reserves of

accounts receivable on government contracts, USAAF^ $184,571;
expenditures to.be reimbursed, under cost plus fixed fee contracts, Note
B. $1,725,137; advance payments on contracts) contra,. $435,829; ac-*

.

?:

reserve of $260,000 in 1945 and $135,000 in 1944.
tlncluding
securities deposited under Workmen's Compensation Acts (after reserve
of

fn/ banks'; $269,758; cash in bank—re¬

inventories,

trolley

Net

$0.83

803;

.

4,715,484

6,860,454'

■'

,

that, effective Dec> 31, 1945,. the. company discontinued
the operation of street qars on all its lines which had not been pre¬
viously converted to bus operation.
An investigation by the.Railway
and Bus Division of the Department indicates that the company has,

43,500
:

to U. S.. Army. Air Force Contract expeditures, $4,059; cash in
bank; for contracts, not restricted, $20,594; postwar refund bond, to be
cashed after Jan. l, ,1946. $3,707; accounts receivable less reserve, $63,-

,

231,381

Notes and accts. receivable, not current (net>i.
?, 347,545
Loans to employees (net
.;• y' '10,257'
^Property and plant) at cost; (net)—28,200,872
Deferred premium on group annuity plan—
1,751,710Prepaid insurance, etc ——i'w——556,548..

>

$120,681

";

$0.73

to

: '

not in

1944

$6,618,386

contractors—^.-—-564,473
United States Government, securities——
12,412,174
flnvestments —i—.———j,_.
——
654.075

1

--^—

Dividends
Earn,

Advances

1945

11 of

Feb.

provide

"It

;

4,177,418

on

Inventories

^'■Net;operating.•,proJit-:',;+.i4f4~-;M^s^•,r' ;

•

399,636

hknd—v----———
Marketable securities, at lower of cost or market
'"Accounts^receivable.''i^-i-_i):„_i_._-i-_;----)-i;i.'

\ 805,635

-

1945
$7,588,638

^

banks and

in

$1.80

thereto.

CONSOLIDATED BALANCE SHEET, OCT. 31,

:

ASSETS—-;
$456,212

$1,63.

tax of $1,200,000 applicable

on

leys continue to run

$15,775,529 $11,677,222

share_____-'---__:w-_.„i__-

income

i

"

1946

for reasonable transportation needs
the Massachusetts Department of
i The company said it would comply with the

,

surplus at close of the year

Earned" per common

of'Sales

Manufacturing profit —-w-—— V
Engineering, subcontracting, selling
■

Earned

Co.—Earnings—

<

'Sf

Restoration

Worcester

33,837

-

has been doubled
"
S'.5yj

358.

p.

.Streets^-

'

Waco Aircraft

:

163,

.

-

Worcester Street Ry. Co. —Trolleys Ordered Back on

672.746.

4

*

lead,

.

rubber;

$32,602,347 $31,476,406

.

—,—————————————

———.

•V.

-dZ,';
Divs.

manufacture

to

-j

Month of January—

"

.

>

January Sales Up 3.6%—,

Woolworth Co.-

(F. W.)

—

.

,

y

,

plastics,

..

_

A Premium and unamortized discount and expense
on
bonds retired.

.

1923

in

include aluminum,- barium, calcium,

■

.,

Net income for the year—

Produdls

In addition to U.S.P, zinc
grade is produced for use i-d
stearates include . high.; pressure

to

gExcluding
sale of

"Net

.incorporated

was

now

e

from

Cost

(N. Y. City)—Acquisition—

acquisition of the Franks Chemical

5? cosmetics.
Other
applications for
$6,762,221 i) lubricants,
paints,
printing inks,
waterproofing,
v
crayons, wire drawing, etc.
;
;
>
,
278,634
Since acquisition by Witco, the plant capacity,
4,100,000
r.
:, ■„
to meet the requirements for stearates by industry.-

■

—$6,166,993
724,921
Prov. for est. Fed. inc. and excess profits taxes
3,300,000
—

Earned

: $22,903

magnesiumi sodium and zinc stearates.
stearate for the drug industry, a special

.

*

company

and the line

stearates,

;

452,665^^k *958;«,70!i ;;

^1—
*

3,594:

Co., Brooklyn, N. Y.
No change will be made in the present manage¬
ment and Joseph M, Franks will continue as President.
The company
will be known as the Franks Chemical Products Co, division of Witco

,

v
Total income
Other charges

.05'

'

$24,467

l

The company announces

?

.

4,083,35?

income

■

■

105

3,497

■

*':i v,"

Witco Chemical Co.
1944

existing

—V.

'-Income

25,962

25,962
'

'

-

NOTEr—Fo?. ni^hanictil reasons it is not always*
possible to arrange companies -in exact alphabetical
However, they are always as near alphabetical'
position as possible.
;
•

•

other
Other

;

order.

-

3,812,695

,

28 969r

$52,586

$54,032

debt—---—r—

—V. 162, p. 2993.

,

administrative and general expensea_-

selling,

i8,ioo

.

Sub.)—Annual

depletion and amortization——

8i'i
& Depreciation,
$1.22-

.

to

on
on

Unamortized debt discount and expense.

Sales, after deduct, discts., returns and allows. $59,188,437
^ 'grOOCLS. t
r'"'
17^140 t.---46t 1

representing i pro, rata amount /
S j pro
of those portions of premiums and expenses on redemption of •
red*
- bonds
•
■1
»ral
which are equivalent to resulting reduction in Federal taxes on income,
arid 12)
$569,786 (1944—$2,848,929) representing pro rata amount /.
of book loss on sale of transportation property which because of
write-downs in prior years is $429,814 (1944—$2,149,074) less than
the pro rata reduction in Federal taxes resulting from such sale.
tlncluding $429,814
(1944—$2,149,074)
pro
rata
amount .of
tatf
:
reduction, resulting from sale of transportation property, in excess
of related book loss in 1944,
set
IWhich are not offset by special charges include, in addition to
the
$429,814
(1944—$2,
>2,147,074)
amounts
(shown opposite)
which
result
from deductions, ' in 5 excess1 of
s>
depreciation at -usual- rates, •
allowable
for
tax
purposes
as
amortization of emergency facilities
but not recognized in the accounts since such facilities are expected ;

;

a

.a?Ulac^Wio^^rori:

'i'-Zy-

t I t I: $2,321,814: (1944—$1,742,647)

-

D,,!—

i

debt-i^---Uiuuii^-

Interest

,

19,171

,

;

29,624

Depreciation

$59,098,2t^'

-

After extraordinary reductions of $6,852,393 "in 1945 and $7,985,762
In 1944.

$44,147
12,953,351

■

1945
>

20,652
34,542

;;';:Neti;:e'arningS\i.iaiiV*iii-'-i

CONSOLIDATED STATEMENT OF INCOME, YEARS ENDED OCT. 31

ore

Oflfl

'

,

x

r

1,447,355

_

Report—

1,245,112

-0ft

total, $22,127,200.—V, 163,
TfiMn-ii, 1 r.

■

West Virginia Pulp

6,110,691 "

3,530,979

|E(nrJ11VIf?uf;iDrceSUl"
ing iiom amortiz, 01 6nicr§!6ncy,5}
Preferied

Br$l2,733;

$$8,259,765 "

9,274,507'

:

LIABILITIES—State taxes, $14,967; management fee, $37,529; cus¬
and transfer agent fees, $6,577; other current liabilities, $314;
capital; stqck r(parr$l);- $1,341,890;-,capital surplus, $20,690,38l; earned
surplus since July 1, 1939,; $48,274; treasury stock sit cost (635 shares)

(1944—-$2,149,074)

rata amount of tax: reduction
TExtraord. reductions in Fed. taxes
pro

+

taxes

8,588

7,538

it,

todian

4,591,576

1944

$222,224i
'94,809.'

taxes, State and Federal—-—

Income

,

2,337,480

1945

113,194

operations

;ASSETS—Cash, $530,077; interest accrued and dividends receivable,$96,972; marketable Investments at -cost, $21,500,151;; furniture- and 'f\
fixtures,, $1; total,-$22,127,200.
:"S5.

49,637

3,758.046

953.824

BALANCE SHEET, DEC. 31, 1945

,

.1 ':

Co.—Earnings$259,586

Maintenance

37

$48,274
' 20,690,381

V

-

earnings

Interest

$15,353,967 $15,188,821
amortization-^

$997,971

—

Surplus, end of period

--i'HV:

Balance

paid '

3,380,006

,;

:

47,970

1,839,779

)

1

_1

Capital surplus, end of period-!

$15,445,999 $15,139,184

income

surplus

Dividends

251,168

,

39,426
Drlfill

-

.

V-:;'

v-.;

.

Quarters Ended Dec, 31Gross'

43,887

$1,888,054

shares sold—

of own

adjustments—

3521,

p.

Wisconsin Hydro Electric

$906,077
:

*

.

162,

General

3,208,717
3,133,038
441,040 :

597,728

divs,

for accrued

Total

16,505,882

3,182,122
3,037,090

'

Winthrop
in 1942,—V.

V;): 1,270

$1,806,351
44,147

.

period-

Elected—

1934 he has\beea,
owned subsidiary,
Chemical Co., Inc., becoming head of the legal departmetit

David

$907,348

81,810,083
) 3,732

beginning of

162, p. 176.

$20 to $5—V.

Rasch has been, elected Secretary, Since
associated with Sterling Drug Inc., and its wholly

$445,558
461,790

:

1,242,490

_i__

surplus,

period's

Prior

—

'

-

income

Net income for period—,.,.———
Earned

Adjust.

£££-£&—

and

,

June,

Winthrop Chemical Co., Inc.—Secretary

,

12 MONTHS ENDING OCT. 31

-

•.

3450,558
5,000

•'

Net pro!if front security transactions-.

Amortization of plant acquisition adjustments.,
"Federal taxes on

■

$570,842*

profit

.

403

,

328,307

Depreciation

-

company

par value from

459,158

;

on

'

—

Interest

1

.

'-'v,-.'VV'.-''/:-))'l944
v
Operating revenues
$43,257,312 $42,059,038 ^

Other

i

$20.09

amortization

COMPARATIVE INCOME STATEMENT,

■.

2,236,080
659,911

"

234,816 V
:

$651,755- '

facilities

Other taxes

1,986,314
523,357

.

,

;

993,749
382,321

Morgan,

creased

"After

Operation
Maintenance

5,069,571

.

to stockholders, reporting the results for 1945, -Walter ;:
Net proceeds of the sale, after expenses and taxes, have been ap¬
President, states that the asset value' of the shares in¬
plied on the firm's.bank loan, reducing it to $300,000, Steven H. Haipr
per share at the year-end alter payment of $1.50 )
mond, President, reported.
'
v :
ftOA
per share of dividends from ordinary and security profits.
This com-)
Giving effect to the recent sale of stock, the company has 238,924
•: pares with $17.60 Jan. 1, 1945 and $19.08 June 30, 1945.
:
'
common shares outstanding, which,
with 132,640 shares still held by

L.

extraordinary reductions of $525,636 in 1945 and $798,022
In
1944.
tlncluding $214,907 pro rata amount of tax reduction,
resulting from sale of transportation property, in excess of related
book lots in 1944.
*

■

"

his letter

In

$1,603,377 :

196,738

■*.

4^**,*,*,^^_

through

20,762
4,374,645
1,954,111
805,357

in its treasury, makes a total of 371,564 issued shares.
consists of 600,000 shares,
1945, the company; split its shares four-for-one, increasing
the authorized stock from 150,000 to 600,000 shares and reeducing the

197,329

emergency

,

46,786

5,342,133

,

:

Extraordinary
;

34,462
5,586,04a

Whiting Corp.—Sells Treasury Stock—
/
The corporation has reported-to its stockholders that if sold 20,009
shares of treasury stock, to a New York?; brokerage firm in Decmber
at $12.50 a share.
This stock, the company indicated, was purcnasea
in 1944 at a cost to the company of around $5 a share on the present

Increase

.

'v,v

342,676

i ■ $1,045,822

^

222,715

48,235

oper. income—

Jan., 1—
Gross from railway
Net from railway
Net ry. oper. income..^"—V. 163, p. 113,

In

amortization

;

93,379

railway

1942

$442,030

'

charges

income

,

1943

$450,103
138,861

.

Authorized capitalization

Balance
and

1944

$457,242
126,716

From

operating revenues——
(net)

Special

1945

$335,930

from railway.—

from

Net

income

Interest

of Alabama- •Earnings-

Western Ry.

.

*'

■

December-

total,

,,

With 240 a
31, 1946 and

Gross

the

Other

2,089,000
$3,716,000

823.

P.

$1,627,000*'

31,. 1946 there were 235 retail units in operation as com¬
year earlier.
Number of wholesale accounts
1946 were 1,482 and '1,520, respectively.—V. 163,

Jan

pared

-

*1

1———.———,—$7,265,000

sales

Combined
At

..

1945

banks,

in

Month of January—
—V.

1944

233,436

revenues

Opeiation
:

:

1945

at

.

$3,909,000

Walgreen Co.—January Sales Increased 14.4%—
f

Sales

Earnings—

& Power Co.

ar

accruals, $22,337; provi¬
sion for Federal and
$154,000;.: common stock
(200,000 shares; no par), $1,000,000; surplus earned* $1,361,038; total,,
$2,587,626.—V. 161, p. 708.
'
/

need

Month of October—

y^^'<■

^

rRpi'T

;

—

sal^""::...,^-^-—3,356,000

Wholesale

payable, $50,251;
State income taxes,

30

|Virginia Electri&

)'

•.

rat a now

sales

$1.25

>

LIABILITIES—Accounts

desires

within

260,000

$0.95

CONSOLIDATED BALANCE SHEET AS. AT DEC. 31,

$646,576),
$2,587,626. •

the owner

not sell his home to the Clewiston Realty
Corp.,
to do so, lie should make his
request to that com¬
days after severing his connections with the United
States Sugar Corp., and the
Realty Corp,
will then have 60 days
in which to
complete the purchase of the home.—V. 162, p, 3240.

he

it

tOn 200,000 shares,

of

Plans and cost estimates to the Realty Corp.

owner

but

pany

Month of January
Retail

$588,074; U, S. Government
securities and
marketable stocks at cost
(market value. $758,817),
$746,763,*' accounts receivable, $436,916;
cash surrender value life
insurance, $44,295; merchandise inventory, $345,533; real estate, plants,
machinery; equipment, trucks—at cost (after reserve for depreciation

own homes.
have a base salary offor the plan by their
supervisor.
Valuation of the property should not exceed 25 times the
individual's monthly salary.
The Clewiston Realty Corp, will take no
part in arranging for construction or financing, merely
guaranteeing
per

;

2437.

Western Auto Supply Co.—January Sales Up^

i..

$251,212

charges and Federal and State income: and excess profits

all

ASSETS—Cash

,

avall»bie

more

1942

i

150,000

$0.83 y

$1.04

New York, Inc.—V. 162, p.

Earnings

1943

$191,582

120,000

120,000

rnwQnt ttvatitfi

.

t0J5®lnllf'11the housing shortage by building their
p
is
$250> or

-

1944

$166,710

Consolidated Edison Co. of

to Consolidated Edison—See

'

.

"After

explained, is to provide employee with the financial assurtheir investment will be
safeguarded, and thus assist them,

that

:

1945

Lighting Co.—Bronx Electric Properties

Westchester

$520,000; capital sur¬
total, $3,303,412.—V. 162,
.

preferred, 3.018 shares at par
cost), $782,969.—V. 163, P. 358.

and 43,920 common shares (at

(no par),

,

$208,301

tEarnings per share on
com; stock
(no par)-

Sugar Corp., in that period and desires to sell.

company,
ance

13l>?fi<1
Dividends

Realty Corp,, to purchase the homes at
during:' the next five years, if the

^pose of the... plan, Claience R, Bitting, President of the

..

■>'

month

should

,

Vogt Mfg. Corp. (& Subs.), Rochester, N. Y.-

by

encouraging employee home building as rapidly as materials allow has:
Just been put into effect by this
corporation, whiclr has arranged to
guarantee resale of' employees' homes
within
the
next
five
years
without danger of loss to the-owner.
The company has arranged with
actual

145,000 shares

p. 2193.

Employees' Homes

national

capital stock,

$60,193; operating surplus, $489,802;
) :,
•
'
.

plus,

,

Subsidiary to Guarantee
A

(net),

shares (at cost), $782,969; 1944,

common

$4,250," provision for Federal income and excess profits taxes
$148,067; accounts payable, otiicers and others, $25,572; re¬
for contingencies, $30,673; reserve for reconversion expenses,

posits,

pounds

.

Total

Net

■

-sales'

rt-

profit before taxes

Reserve

for

and conting, charge—.

estimated taxes,—
and postwar contingencies-—

Provision for war

Net profit 1——
Earned per common share———
Orders booked during quarter—'

._*

162,

p.

359.

$3,484,551

8,634,307;

$8,035,950 $12,118,858
717,752
1.763,029
380,215
1,280,500
60,000
,

———

$422,529

$337,537
.$0.36

'

S0.45

—

Uncompleted orders not included in sales—«
—V.

1944

.$3,445,869
4,590,081

9.469,963
....

17,103,134-

5.251.077

20,012,307

THE COMMERCIAL & FINANCIAL CHRONICLE

950

State and

Monday, February 18, 1946

City Be

XX
X

BOND PROPOSALS AND NEGOTIATIONS

Florence, Ala.
XX

Bond Offering—L.

Birmingham, Ala.

Beaver

-

B.; Coburn,

City Clerk, will receive sealed
E. Arm¬ bids until 4
pm on Feb. 25 for the
strong, City Comptroller, will re¬ purchase of the following refund¬
ceive sealed bids until noon on
ing of 1945 bonds amounting to
March
12
for
the
purchase of
$1,241,000, not exceeding 2 % in¬
school
building
coupon
bonds terest:
X";
amounting to $3,120,000, not ex¬
$224,000 general bonds. Due Dec.
ceeding 4% interest. Dated April
;vl5, as follows: $7,000 in 1946
1, 1946. Denomination $1,000. Due
to
1955, $10,000 in 1956 to
April 1, as follows: $140,000 in
1969, and $14,000 in 1970.
1947 to 1949, and $100,000 in 1950
Bond

Offering

C.

—

.

.

or

15,

rates of interest

each of the
to

varying maturities are

bear, expressed in multiples of
The bidder may use as

y4 of 1%,

three different interest
.However, not more than

many

as

rates,

interest rate shall be used on

one

single year's maturities.The same
used as often
as it is desired.
Any bid for less
than the full amount of bonds will
a

interest rate may be

The bidder
shall use the lowest interest rate,
or
combination of interest rates

not

considered.

be

restrictions

subject to the above

Due Dec.
follows: $8,000 in 1946
to
1954, $10,000 in 1955 to
1959, $12,000 in 1960 to 1964,
$15,000 in 1965 to 1969; and
$11,000 in 1970.
XX.X144,000 water works extension
bonds.
Due Dec. 15, as fol¬
lows: $4,000 in 1946 to 1952,
$6,000 in 1953 to 1962, and
$7,000 in 1963 to 1970. , x
*
605,000. public- improvement
bonds.
Due Dec. 15, as fol¬
lows: $20,000 in 1946 to 1955,
$25,000 in 1956 to 1965, $30,000
in 1966 to 1969, and $35,000 in
268,000 school bonds.

specify
which

Each bidder shall

to 1976.

the rate

».

as

v

.

1945. Denomina¬
tion $1,000.
Any or all of said
bonds having a stated maturity of
than 10 years from their date

more

will

govern and will be deter¬
mined by computing the interest

will be redeemable at the

cost at the rate

of the City on Dec. 15,

maturity of

any

given to the stated
the bonds and then

subtracting therefrom the premi¬

option

1955,

or on

interest payment date there¬

after at

if any, bid. ; In addition' to
the price offered, bidders must
agree to pay accrued interest from
the date of the bonds to the date

holder,

the

transferred

plus

premium

a

equal to six months interest there¬

al

National

First

Florence,

be

may

Bank, New York

The bonds and the interest there¬

City.

Un¬

rejected the award

Will be made to the bidder

exempt from Federal, State,

County

and

and after maturity are

receivable

the

City.

secured

Said

the

by

credit

of

taxing

powers

fore,

the

now

full

City,

are

by

that

the.

of the City hereto¬

it

that

law.

by

In

the

event

the

income

received

by

the

terms

cessful

bidder

at his

may,

bonds and in such

any

the

suc¬

bonds

turned.

The

Commission

official

a

will

a

bid

for.

Bids

be

prescribed forms furnished
request.

No conditional bid

be considered.

delivered

der

or

livery.

successful

April 8,

on

thereafter

prepared

on

and

as

upon

;.'XXV X

for

will

to

the

purchaser

Enclose

a

certified

Call

Bond

State

—

tions held

as

from bonds of the

terms of such laws or by ruling of

Treasurer,

3 Vi %

highway

that

announces

at his

3,500,000 Burbank Unified School
held

also

was

on

Feb, 7, to submit to the voters an

Excelsior

of

issue

Union

High

District bonds amounting

School

submit

the

to

bonds

voters

200,000 Wiseburn School District
bonds.

of said bonds by the

contract

refunding

called for payment on

April 1, 1946, dt

par

and accrued

Bonds may be presented

payment

to

Guaranty

Trust

Co.,

Chicago,

Inc.,

District bonds.

of Orrick,

(P. O. Los Angeles), Cat.
$140,000 school

bonds offered for sale

163,

v.

the

824—were awarded to

p.

Bank

San

Association

Savings

Francisco,

101.806,

a

Dated Feb.

1V2S, at

as

of

price

a

basis of about 1.33%.

1, 1946. Denom. $1,000.

bonds

due

are

bidder > was

jointly,

National

America

of

&

Trust

Feb. 13—

on

for

Feb.

on

The next

1,

high¬

Heller, Bruce &

iVzS,

Kemp
at

a

Co.,
price of
&

101.002.
V> .<V

Louis,

or

at the State Treasurer's

office, Little Rock, at holder's

de¬

tion.
/

The

1, 1941.

bonds

./'/X

are

dated

op¬

April

X

100.01,

'<• ■'"

x

•

it Ulr

Election

—

Civic Center bonds

An

Interest J-J. The next
der was Weeden

at

at the

election to be held
'

City

Offering—H.

Clerk,- will

bids until 11

am

G.

receive

price of

highest bid¬

& Co., for VAs,

price of 100.65.

a

CONNECTICUT

London, Conn.

New

Notes Sold
notes

sold

issue

An

—

of tax

amounting to $300,000
Feb.

on

7

These

0.47%.

at

notes

due !

are

X ^'

May 17, 1946.

sealed

(PST) on Feb. 19

the

X ;

Drainage District

(P. O. Moore Haven), Fla.
Debt Composition Offer

above

—The

district, lying in parts of

Hendry and Glades Counties, is
offering for the
creditors

tion

approval

of' its

plan of debt composi¬

a

providing for settlement of

tions for

bonds will be awarded to

bidder

con¬

sidering the interest rate or rates

premium

the

and

of¬

a

of

sum

$295,018.47,

65% of the grand total.

or

The plan

calls for the issuance of

4%;

new

refunding bonds, to be dated Jan.
1, 1946 and due serially on Jam, X

highest bid from 1948 to 1975 inclusive. Prin¬
will be determined by deducting cipal and interest (J-J) to be pay¬
able at a bank either in New York
the amount of the premium bid
if

any.

The

(if any) from the total amount of

or

the district. Bonds will be issued

required to pay from May 1, 1946,

in denominations of either

respective maturity dates at

to the

rate or rates specified

the coupon*

and the award will be

in the bid,
made

the basis of the lowest

on

net interest cost to

lowest

the City. The

where

and,

$100

or

scrip will be issued in the case
of

amounts

due

to

Bonds in the de¬

nomination of

$1,000 and matur¬

between

able

the
to

-

dates

standard

nf ;

creditors

less, than $100

in

whole

in

or

part

call¬

on

or

after that date, at par and accrued

pur¬

interest. The $45,000 bonds to be.'

chaser must pay accrued, interest

Issued in $100 denominations mayx

the bonds to the

from the date: of

of

date

The

tables.

interest

bond

City

The

delivery.

re¬

discretion,

the right, in its

reject any and all bids and to

irregularity

any

or ■?

mality in any bid. The City

bonds

or

rejecting all

later than Feb.

20, 1946.

be called in whole or in part qn'
any

one

one

rata amount of the

thousand

($1,000) dollar and

a

hundred ($100)

the

inations. of the

not

as

Delivery
the

far

as

dollar denom¬

refunding

practicable.

amount of each denomination

each respective

tobevde~|

ceive shall be a matter

can

be

prepared which, it is

estimated, will be about May 1,
have

The successful bidder shall

the right, at his

"

s<

_

I

/ '

'

,

1'

t

option, to

that

creditor shall re¬

termined by the Exchange

bonds

bonds,

The exact.

the

City Treasurer as soon as the

shall

Each bondholder
pro

receive

infor¬

bids

interest date atparandaccfued

interest.

Coun-

cil will take action awarding

provement, issue of 1945, series A,
X:

$1,000;

necessary,

ing after Jan. 1,1956, will be

according

aforesaid

Chicago, to be designated by

interest cost shall be

net

computed

1946.

i

,of;
on

FLORIDA
I stand

Dist on

successful bidder at the office of

Denton;

x XXXXX X

was x

discount

a

paid and future maturing obliga¬

purchase of municipal im¬

for the

opinion

of said bonds will be made to

Sacramento, Cat.
Bond

a

purchaser

of

amounting to

April 9.

deposit ac¬

Dahlquist, Neff, Brown

furnished

be

Waive

issue

$300,000 will be submited to the
Voters

the

bonds

the

approving

the highest and best

X

Monterey. Par, Cat.
Bond

Is, at

basis of about 0.998%.

a

the $453,874.57 in matured and un¬

will

to

on

Security-First National Bank of:
Los Angeles, as

Herrington, of San Francisco,

&

serves
--'V

on

interest which the City would be

Angeles County, Garvey ScA.

MercantileCo., St.

The

$145,000

Federal

companying his bid will be re¬
turned.

The

—

Dec. 18,1943, were awarded to the

City, be re¬

purchase

and in such case the

fered,

450,000 San Marino City School

term

bonds, Nos. R3001 to R4000, incl.,
have been

to

specified
On March 12

Bond Sale—The

,

option, prior to the tender

5

On March

Dist.

any

without charge.

amounting to $650,000:

Los

of

lieved of his obligation under

District bonds.
election

decision

by

or

S0Id

building bonds offered for sale

Court, the successful bidder may,

?'

On February 5

An

is followed by

which

official

the Bureau of Internal Revenue,

High

Union

Monte

El

School District bonds.

J' -i

Ventura), Cal.

the

by

Authority

Federal Income Tax

a
or

On January 20

$900,000

either

laws,

-X-'O'-;

High Sch. Dist. (P. O.

Bond

Federal In¬

$4,400,000

to

Tax

vvX.'XX,''• -X/:' X'XX' XX *

type

same

come

follows:

Co.,' and Thomas

J. Vance- Clayton,

Commerce Bank & Trust

1946,

y

delivery of the bonds the

following

V oted—The

amounting

These

Arkansas (State of)

In the event that prior

amount.

or

to the

be taxable under any

favorably voted at the elec¬

were

est

prop¬

without limitation of rate

rates)

Union

Angeles County School Districts and character shall be declared to
(P. O. Los Angeles)* Cat.

of

personal

erty, which is taxable at limited

income received by private hold¬

Co., New York, Halsey, Stuart &

bid¬

XX:




The approving

ARKANSAS

for

bonds may

ready

furnished

without cost.

interest.

The bonds will be
the

bidders

or as soon

be

to

at the election to be held

from 1948 to 1965.

certified

must

may,

the deposit accompanying his bid

&

check for 2% of the amount of the

bonds

at his election, be*

bidder,

City.

certified copy of all

Enclose

amounting to

success¬

check for $25,000 payable to the

proceedings will be fur¬

bonds.

Los

the terms of any Fed¬

law, the

be

nished showing authority to issue
the

type and character shall be

re¬

King

of

March 1.

on

by

Hecker, of New York City, will

Dawson, of New York, approving
the legality and validity of the
bonds, and

received

income

opinion of Vandewater, Sykes &

furnish to the purchaser the
opin¬
ion of
Wood,

Hoffman,

the

will be returned;

deposit

accompanying his bid will be

bonds

issue

An

—

$500,000 will be submitted to the
voters

all bids. In the event

elec¬

purchase the

case

to

relieved of his obligation to pur¬

tion, be relieved of his obligation
under the contract to

construction

chase the bonds and in such pase

of

Federal income tax law, the

reserved

ful

by

type and character shall be

taxable

is

eral income tax

private holders from bonds of the
same

any or

taxable by

prior to the delivery of the

bonds

right

prior to the delivery of the

same

upon

Election

private holders from bonds of the

hereafter conferred

or

certain intangible

(P.O. Martinez), Cal.
Bond

(except

>

Ventura. County, Santa Paula.

all

upon

taxation by said City

to

Live Oak School District

X

.•:

and is

property within the City subject

County, Antioch-

The

reject

faith" and

and

The

City.

bonds

com¬

the lowest net interest-cost to the

in payment of all taxes, and dues
to

>

Cosia

thereon

$5,000, payable to the

City Treasurer.

payment of said bonds and

interest

the

plying with the terms;of sale and to $800,000, Elections will .'take
offering to purchase said bonds at place on the following dates to

taxation,

Municipal

CALIFORNIA

of

Bank

at the Chase Nation¬

or

less all bids are
on are

for the

Contra

check for

obligated to levy ad valorem taxes

dorsement.

bonds

for redemption,

bearer form.

to

Council thereof has power

Bonds

without

charge. Registered bonds
later

Inc., the Depositary, 410 Olive St.,
St. Louis 2, for payment and en¬

of such bonds and accrued

value

the

of

City, These bonds are general ob¬
ligations of the City, and the

price equal to the par

a

payable at the Chemical Bank & on at the rate which the bonds
Trust Co., of New York.
These
bear on the redemption date. Hate
bonds may ; be registered as to
principal, but not as to interest. of interest to be in a multiple of
The registration will be certified
y4 or one-tenth of 1% and must
to by the City Comptroller.*Xhe
be the same for all the bondsi
bonds will be subject to succes¬
Principal and interest payable at
sive registration or transfer at the
option

deposit should be

interest thereon to the date fixed

Principal and interest

of delivery.

of

ers

um,

.

certificates

presented to Albert Theis & Sons,

Dated Dec. 15,

(exclusive of accrued interest) ex¬
pressed in multiples of V\ of 1%.
In determining the highest bidder,
the net interest cost to the City

:

or
registered
bonds cancel the contract of purchase' if
Drainage Dist., Ark. coupon
Payment on Debt— amounting to $2,680,000 not ex¬ the City shall fail to tender the
The Bondholders' Protective Com¬ ceeding 5%; interest: Dated Jan. 1, bonds for delivery on or
before;
Denomination $1,000.
mittee, 410 Olive St., St. Louis, 2, 1946.
Due May 15, 1946, and in' such events
Jan. 1, as follows: $135,000 in 1947 the successful bidder' shall be en¬
Mo., announces that the Federal
Court has authorizde the payment to 1964, and $125,000 in 1965 and titled to the return of the
deposit
of a liquidating dividend of 1.8%
1966.
Rate of interest to be in accompanying his bid. The cost of'
on indebtedness due and accrued
multiples ofi 3/4 of 1%.
These printing the bonds will be borne
to Aug. 1, 1940.
Total payments bonds are part Of the $2,980,000 by the City.
Bidders are re¬
to date amount to 21% on account issue
authorized at the election quested
(but not required)
to
of bond principal and interest and held on Nov.
6, 1945.
The re¬ supply an estimate of the total
averages about $290 per bond. Ac¬ maining
$300,000 may be sold net interest cost to the City on the
cording to a detailed report just when and as determined by the basis of their
respective
bids,
made by C. W. Diekroegei*, Trus¬
City Council.
Bidders will be which shall be considered as in¬
tee and Disbursing Agent, all but
permitted to split rates irrespec¬ formative only and not binding 6n
$3,000 of the $173,800 bonds1 is¬ tive of maturities. Principal arid either the bidder or the City. All
sued and outstanding have been interest
payable
af
the
City bids must be unconditionaland
deposited
with
the
committee. Treasurer's office or at the'fiscal
be accompanied by a
certified
With respect to the latest dividend,
agency of the City in New York
Dam

Additional

1970.

for which he will pay par or more

X-'XX'X'

XX:XXXX

Agent

conforming ^
practicable, to a pto

and A. B. Morrison,

nearly
rata

tions.

as

division
,

of

such

denomina¬
r

,

%

.•/; i'.'-v'

"j.t '*

Number 4465

Volume 163

-

951

THE COMMERCIAL & FINANCIAL CHRONICLE
*

Participating creditors shall be Dated March 1, 1946. Denomina¬
tion $1,000. These bonds are due
a period of time to Oct.
1, ,1946 within which to submit $6,000 on' Jan. 1, 1948 to 1969. The
original 4 refundable
claims
to next highest bidder was Halsey,
the District for exchange into the Stuart & Co., for l^s, at a price
refunding bonds. Any such claims of 100.665.
not submitted by Oct. 1, 1946, or
Scottsburg,
6
such other date that may be fixed
Bond Offering—Charles M.-Ste¬
by1 the Bankruptcy Court, shall
be i, forever
barred > as4 claims wart, Town Clerk Treasurer,VwilT
receive sealed bids until 2 p.m. on
against the District
Feb. 15 for the purchase of $75,000
Copies of the debt composition
electric utility-revenue bonds, not
y offer and related material may be
Denomi¬
obtained upon application to A. exceeding 3% interest.
nation $1,000. These bonds are due
B.»Morrison; Congress Building,
on July 1, as follows: $4,000 in 1947
Miami 32, Florida. - ^
to 1950, $5,000 in 1951 to 1957, and
Monroe County Special Tax Sch. $6,000 in 1958 to 1961. Bonds ma¬
turing on and after July 1, 1952,
Diet. No. 1 (P. O. Key West), •;
are
redeemable at the option of
Of
Florida
accorded

••

'

Wanted

Tenders

—

the Town, in whole or in part, on

M.

Willard

or any interest pay¬
thereafter, in inverse
numerical order, at face value,
together with the following pre¬
miums : 5 % if redeemed on July

July 1, 1951,

Albury, Superintendent of Board
of Public Instruction, will receive
sealed; tenders until; March 14, of

A; B, A A and BB refunding
bonds, dated Jan. 1, 1937 and due
Jan. 1, 1967.

1, 1951, or
on or before Jan. 1,
1956; 3% if redeemed on July 1,
1956, or thereafter prior to ma¬

$t+ Petersburg Port Authority, Fla.

$300,000 turity^ plus in each case accrued
ferry revenue certificates offered interest to the date fixed for re¬
provided
notice
of
for sale on Feb; I3-*v. 163,: p. 704 demption;
—were
awarded, to a syndicate such redemption be given at least
composed of Shields & Co., B. J. 30 days prior to the date fixed for
Van Ingen & Co., Cohu & Torrey, such redemption. Rate of interest
and Allen & Co., allof New York, to be in multiples of V* of 1%, and
must be the same for all of the
\ as4%s,at a price of 99.529, a net
interest cost of 1.31%.
Dated Dec. bonds. The approving opinion of
1,> 1945.
Denomination
$1,000. Ross, McCord, Ice & Miller, w of
together
with^ a
These certificates are due on Dec, Indianapolis,
1, from 1946 to 1950.
The next transcript of proceedings relating
to the issuance of said bonds, will
highest bidder was *John Nuveen
& Co., for Is, at a price of 98.656. be furnished to the purchaser, at
the expense of the Town. Enclose
.\'ys'
if (\l«"
^ w"
Certificate Sale—The

i

x;

a

ILLINOIS
'

:

■

;

certified check for $2,000, pay¬

able to the Town. No conditional

.

bids will be considered.

Brookfield, III.

'

'

■

'

'

'

Ordinance Approved—An ordi¬

of

ment

Public

amounting

to

Fayette Consolidated School
District, Ja.

bonds

Works

v.

IOWA

approved on Jan. 16 b#
the Village Board calling for an
issue of village hall and Depart¬
nance was

Bond Election—An issue of con-r
struction
bonds
amounting
to
/

$130,000.

*

1.068%:

.

bonds
15

of about

.

&

Bank

-;

Stranahan, Harris & Co.,
'Inc.,
./'rPaine, Webber,. Jackson
& Curtis, V'
Stern Bros. & Co.,

,

New

1%%

*v'

month

149, a
bonds

/ \ '

Co.,

National

Robinson-Humphrey Co.,
Gfaham, Parsons & Co.,

t'

and

disposal plant

sewage system and

bonds amounting to $115,000 was

defeated recently at an election.
■

•

■

■

Eldridge), Iowa

Livingston), III.

school

v

issue

building

ing bonds amounting to $3,000 and
on Aug. 29, 1945,
awarded to the Central Trust

of

bonds

was

Savings Bank,-of Eldridge, as
IV4S, at a price of par.
Interest

&

(Net interest cost 1.0829%.)

lowing bids::

Bank,

-

> /■'

•,V;

South

'

■

■

Fillmore

j

(P.

Township
Hillsboro), III.

^

Leteher'. County,

_

Bond Issue Approved—On Jan.

17, the road improvement bonds

^amounting

to: $6,000

proved.

were

ap¬

-

,

INDIANA

Indianapolis, Ind./Of
'0:
Bond Sale—The $156,000 track
elfcvation of 1946, first issue bonds
offered for
sale on Feb.
11—

;163, p. 824—were awarded to
the First National Bank, of Chi¬
v.

cago, as
a

Is, at a price of 102.089,

(basis of about 0.7921%. Dated

March

1, 1946. Denomination $1,000. These bonds are due on July

Plans

5%

Local

Finance

the

of

above

on

which

are

indianapolis
Bond

-

.

Park Dist., Ind.

Sale—The

$132,000

estate

'

real

now

optional
April 1, 1946.

Weeks, jointly for Is, at a price
/
-

Officer

at

Frank-

ford, Ky.
The purpose of this
hearing will be to consider the
petition of the county for the ap¬
proval of the issuance and sale of
bonds to refund $651,000 of bonds

Hughes & Co., and Hornblower &
of 101.592. *

Ky.
Holders of

dated

become

1947 to 1966.

—

road and bridge bonds
July 1, 1922, April 1, 1924
and April 15, 1925, and 2 V2 % and
3% road and bridge refunding
bonds of 1940, dated April 1, 1940,
are advised that a hearing will be
held at 10 a.m. on Feb. 27, at the
office of W. L. Knuckles Jr., State

the

The next
highest bidder was Raffensperger,
1, from

Refunding

issues

described

past due

for

will

or

redemption

LOUISIANA
Caddo Parish School District No. 1

(P.O. Shreveport), La.

.



r

Other

Bids—Following is

'

a

list

pur¬

due

are

on

were

as

fol¬

Newman, Brown & Co.,
Hibernia National .Bank,
New Orleans,

•

1.10s

100.45

-

■

-100.205

'

r

to

of

on

Feb. 12, were

awarded

the Gloucester National Bank,;/

Gloucester,

at

a

able

100,30

-

the

at

-100.39
MAINE

Maine

?

National

Merchants

Bank, in Salem, Mass., or at hold-;
er's- option at the National Shaw- :;
mut Bank, Boston. Other, bidders
were as follows:
•

Hate

Beverly National Bank,
//■Beverly.

——

0.415%

Cape Ann National Bank,

-

,

;

0.465%

Gloucester
Merchants National Bank,
Salem

0.465%.

——

Namkeag Trust Co.,.

Wm. Blair & Co., jointly,

iy4s

of

discount

0.374%. Dated Feb. 12,1946. These
notes are due Nov; 12, 1946. Pay¬

Co.

Republic Co.,

v*.

.

Note Sale—The temporary notes

t

for sale

John Nuveen & Co,, and

"

^ •

Salem), Mass.

amoqnting to $900,000 and offered

Halsey, Stuart & Co,, and
»,
:
Barrow, Leary & Co.,
jointly,^
For iy4s
—100.59

Union Securities Corp.,
New York,

Nov. 12, 1946.

Bidder

For 1.20s

For

on

Essex County (P. O.

Associate,

.

,

.

due

and

_100.007

notes

f

•

For 1.10s --——^-—100.06

,

t
an¬

amounting ,to
$250,000 was sold on Feb. 5, at a
'discount of 0.35 % These notes dre

and

Co., of Georgia,
Atlanta, jointly,
For

O. Pitts-

(P.

Notes Sold—An issue of tax

ticipation,

.

Trust
.

County

field), Mass.

v

Salem

0.47%

—

Gloucester Safe Deposit &
Trust Co., Gloucester--

0.47 %

Framingham, Mass.

(State of )

Bond Sale -—//The following
Jo¬
McGillicuddy announces bonds amounting to $190,000 and
that Waldo-Hancock Bridge bonds, offered for sale on Feb. 14, were
Nos. 101 to 700, aggregating $600,- awarded to the Merchants Na¬
000, have been called for payment tional Bank, of Boston, and R. W»
on March 1, 1946, at par and ac¬
Pressprich & Co., of New York,
crued interest.
The bonds, dated jointly, as %s, at a price of 100.42,
Sept. 2, 1930, and maturing on a basis of 0.65%:
Bond Call—State Treasurer

[Chicago,

seph H.

B. J* Van Ingen & Co.,
Alex. Brown & Sons, ;
First of Michigan Corp.,
E. H; Rollins & Co.,

•

Eldredge & Co.,

Co.,

*

W. H. Newb'old's Son &

Co., ' >
/ ;

1960

incl.,

March

1

should

,

be'presented for payment

from

1946

to

at the Treasurer's office.

Memphis,

iBond Offering—Joseph H. Mc¬

J. M. Dain & Co., and

;

j

Walter, Woody &

Heimerdinger, jointly,
For $1,130,000, 4s,
$2,435,000, Is, and

State Treasurer, will
sealed bids, until 11 am

Gillicuddy,

^

Co.,

receive

Feb. 19 forjthe purchase
of Waldo-Hancock .bridge refund¬
(EST)

on

ing coupon bonds " amounting to
$600,000.
Dated March 1, 1946.
'
Denomination $1,000.
Due March
i $2,685,000, 1.10s ———100.006
1, as follows: $60,000 in 1947, $30,(Net interest cost 1.1898%.) '
000 in 1948 to 1950, and $45,000 in
1951 to i960.
After 5 years after
Calcasieu Parish School Districts

$90,000 street construction bonds.
Due $18,000 Feb. 1, 1947 to
*
1951, >
"/n
,100,000 water main bonds. Due
$10,000 Feb. 1, 1947 to 1956. /
"

Dated

,

bonds shall be re¬
of the other bids submitted for
deemable by the State on any in¬
(P. O. Lake Charles), La.
the $6,250,000 construction bonds
Bond
Election—An
issue
of terest date in such amounts as
awarded Feb.
6
to
a
District
No.
29
bonds may be determined by the Gov¬
syndicate School
headed by Halsey, Stuart & Co., amounting to $100,000, not ex¬ ernor and Council at par and ac¬
cago, jointly, as Is, at a price of New York, which paid a price of ceeding 4% interest will be sub¬ crued interest. First call date will
101.065, a basis of about 0.906%.: 100.0056 for $1,421,000 3s, due mitted to the voters at the elec¬ be Sept. 1, 1951. All bids must in¬

purchase bonds offered for
sale on Feb. 11—v. 163, p. 704—
w«re
awarded to Raffensperger,
Hughes & Co., of Indianapolis,
and Hornblower & Weeks, of Chi¬

Other bidders

Berkshire

i

White, Hattier & Sanford,
For iy8s
—^__100.15
Equitable Securities Corp.,

Merle-Smith,

Gruntal & Co.,
'
Wm. E. Pollock &

suit

to

notes

issued in antici¬
pation of taxes for that year. Pay¬
able at the First National Bank,
of Boston, or at the Central Han¬
over
Bank
&
Trust
Co., New

——100.30

For $146,000 Bonds

MfercantilqrCommerce Bank
& Trusty Co., St. Louis,
Kingsbury & Alvis, hrid
Glas & Crane, jointly,

;

Stroud & Co.,'
- .•j
Illinois Co., Chicago,

Co.,
Bank,

These

MASSACHUSETTS

For 1.10s—

Portland,
Eastman, Dillon & Co.,

National

on

Oct. 7, 1946, and

;

jointly,
For iy2s

,

First National Bank;

First

Denominations

1946.

York.

Stranahan, Harris & Co.,
Inc., and
Associate,

*

R. S. Dickson &

for sale

and

Trust''^0.^

York,

G. H. Walker &

and

Scharff & Jones,

/Pittsburgh,

Central

The $800,000 tem¬

.

City Bank,
York,
Mellon Securities Corp.,

Lazard Freres

1.0743%,

series bonds, as Is, at a

,

(Net interest cost 1.1505%.)

KENTUCKY

—

notes offered

porary

•

.

O.

be made on or about
1, 1946, at which time the
definitive bonds should be ready
for delivery.
may

March

—

Bank,

Felix M. Rives,

&

terest

,

Commerce,1

Nashville,
1
Schoellkopf, Huttoii &
■
Pomeroy, C. F. Childs & Co.,
M. A. Saunders & Co.,
John Dane,
Ryan, Sutherland & Co.,
Provident Savings Bank &
Trust Co., Cincinnati,

Dick

Attorney -General
to the legality will

as

be furnished the purchaser. Pay- 1
ment for the loan and accrued in¬

Price Bid lows
;
For $150,000 Bonds
! Bidder
'
Rate
First National Bank,
; v.V
Kingsbufy &r Alvis, and
Glas & Crane, jointly,
; ; Boston
0.46%
For li4s —-——w—100.012 National Bk. of Commerce,
I Portland
0.47% '
Newman, Brown & Co.,
For iy4s
Leavitt & Co.
0.479%
100.05
White Hattier & Sanford, •:
Rumford, Me.
For ls/8s —————100.12
Stranahan, Harris & Co.,
% Note Sale—An issue of tax an¬
ticipation
notes
to
amounting
Inc., and'
Weil & Arnold, jointly,
$200,000 was awarded on Feb. 5 to
ForlVzS
-.100.405 the Rumford National Bank, at a
discount of 0.69%.' '
V
Equitable Securities Corp.,
§

; New, Orleans,
Phelps, Fenn & Co.,
John Nuveen & Co.,

New

the

Bidder

York,
•
Harriman Ripley & Co.,

.

•:

about-

of

New

Chemical Banlc &

of

chaser.

Chase National

amounting to $78,000 was pur¬
chased recently by the Illinois M-N.
J, C. Bradford & Co.,
Cruttenden & Co.,
Municipal Bond Co., of MurphysThor, Iowa
boro, and Barcus, Kindred & Co.,
JVfcDonald & Co.,
Bond Election — An issue of
of Chicago, jointly. Dated Jan. 1,
Newburger & Hano, and
water
works
bonds Ginther &
1946. These bonds are part of an municipal
Co., jointly,
amounting to $9,500 will be sub¬
authorized issue of $80,000. Legal¬
For $1,421,000, 3Y2s,
mitted to the voters at the elec¬
ity"
approved
by
Charles
&
$295,000, %s, and
tion to be held on Feb. 26.
Trauernicht, of St. Louis,
$4,534,000, Is
:\r

public

$140,000
price
100.10, a basis of 0.9743%—v.
163, p. 705—also received the fol¬

;

Bonds Sold—An issue of build¬

offered for sale

-

Bonds Purchased—An

v2Vt%

Sheridan School Toivnship, (P. O.

•

Madison County Community High
Sch* Dist. No. 146 (P. O,
.

;

■

.

v

*

faith of the

good

Portland National Bank, at a dis¬
count of 0.279%.
Dated Feb. 15,

new

100.039

New

March 11.

and

Feb. 13 Were awarded to the First

of
\

.

,

National

on

credit

Note Sale

Orleans,

Co.,

jointly,
For $1,421,000, 3 Vz s,
;$2,144,000, 3/4S, and.
$2,685,000, Is

voters at the election to be held

the

the National i Bank of Commerce
and
John
Dane, both of New

:

Hannahs, Ballin & Lee,

$125,000 will be submitted, to the
of

Principal

Jan. 29 to

belt bonds awarded on

•

issue

accepted.

j 0 in tly, for $150,000
bridge fund, series A bonds, as
1.10s, at a price of 100.10,, a basis

,

Kohlmcyer, Newberger
: &* Co., and
•
'
Stockton Broome & Co.,
•jointly,
For $1,421,000, 4s,.
tion has been called to submit - to
i $1,512,000; %s, and
Sheldon School District, la.
.
the vvoters- an issue of improve¬
100.002
Bond Election—An issue of im¬ I $3,317,000, Is
ment bonds amounting to $25,000.
provement bonds amounting to (Net interest cost 1444%.)
Defeated—An

be

dollar price
less than

for

State is pledged for the payment
of both principal and interest. The

La.

Other Bids—The $290,000

$100,000 will be submitted to thel
voters $t the election to be held
;
Bond Election Called—An elec>» on March 11.

r^^'.-jGridley, III,

will

par

the

as

offer

Portland, Me.

Julien Collins & Co.,

Commerce TJnion

No

1946 to 1960.

Bank,

Gray Township If P.O.
Gray villa),. HI,

Bonds

basis of about 1.48%. These
are
due on July 1, from

New Orleans,

National Bank of

well

as

offered.

opinion

school bonds awarded last
to White, Hattier & San-

Orleans,

McDonald-Moore &

in

of the State

$27,500

ford, of New Orleans—v. 162, p.
3125—were sold at a price of 100.-

/

,

Hibernia

(P.O. Natchitoches), La.

No. S

iBond Sale Details—The
.

''
"

Natchitoches Pariah School District

V j/

Co., St. Louis,
Pressprich & Co.,
Blair .& Co., Inc.,

"v

-■*

\t

W.

Milwaukee

Bond

single rate for the entire
multiples of 1/10% or

a

issue

Vs%,

Requested—The
and Tax Board has

Election

amounting to $260,000.

Trust

dicate

requested by the School ^nd-interest payable at the office
of the State Treasury Department.
Board to grant permission to call
The
bonds
are
an
unqualified,
an election to submit to the voters
direct obligation of the State, and
School' District
No.
30
bonds

Equitable Securities Corp.,
Blyth & Co.,
:
•,
Bmith, Barney & Co., *
Goldman, Sachs & Co., t

R.

in more than

years.

State

Mercantile-Commerce

not due

been

Price Bid

T

are

Bond

,

Bidder

date

ment

series

net interest cost basis

a

March 11. These

tion to be held on

1947-1951; $1,826,000 0.75s, matur¬
1952 to 1957, and $3,003,000
Is, due from 1958 to 1966 incl., or

ing

issue,

these

Feb.

1946. Denomina¬

1,

Principal and interest
payable to the Merchants Nation¬
tion $1,000.

al Bank of Boston.

Legality ap¬

proved by Storey, Thorndike, Pal¬
mer &
Dodge, of Boston.
Other
bidders, for %% bonds, were as
follows:

/

Price Bid

Bidder
First National
r

Boston,

Bank,
•

1

*

,

'

s

Kidder, Peabody & Co.,

,■

Higginson Corp., and
F. S. Moseley & Co.,
Lee

jointly

->_100.40

952

THE COMMERCIAL

Halsey, Stuart

& Co.——._100.337

Miller, Kenower & Co.,
For $83,000,. 2s.

Framingham Trust Co.____100.10
Laidlaw & Co.,' and
Weeden &

/

Co., jointly,:__100.077
Estabrook & Co., and
>
R. L. Day &
Co., jointly___100.07
For

1% Bonds pk-'.0k
Harriman Ripley &
Co., Inc., %
:

and

•'

Tyler & Co., jointly___.__100.399
Second National
Bank,
* i
Boston

Note Sale—The

the

Second

National Bank, of
Boston, and the Boston Safe De¬
posit

&

Trust

Co.,

jointly,

rate of 0.40%. Dated Feb.

These

notes

1946.' The
the

•

due

are

next

at

Nov.

on

Other

bidders

5,

were

as

follows:

'

>f T&dder

■

Rate

-;.

Merchants National Bank,

•

,

Boston

K;

;

0.418%

Day Trust Co., Boston...
0.427%
/ Firit National Bank,
;
'
Boston
"
0.45%
Lea'Vitt & Co.
0.483%
,

_

_—

,c\'.

J1"..

' 'l "s'

Cottonwoood
r

<

yl

Sf%

a

syndicate composed
Co., of New
York, National Shawmut Bank,
Boston Safe Deposit. &
Trust Co.,
Merchants
National
of the Bankers Trust

Bank,

and

the Day Trust
Co., all of Boston,
at a rate of
0.38%. Dated Feb. 19,
1946. These notes are due
on June

21,

1946.

payable

Principal and interest
in Boston

New

or

York

;atv the

:

option of the purchaser.
The.next highest bidder was the
National City Bank, New
York,
and

the

Second

Boston,
,0.385%.

at,

a

only other bidder
First National
Bank, of
■

New

Bedford,. Mass.

Note Sale—An issue of
notes amounting to

tempor¬
$600,000

ary'.
Was

awarded

National

tori, at

\\

Feb.

on

;

11

to

Shawmut Bank,

the

of Bos-

discount of 0.47%. Dated
1946. /„ These notes are
payable on Nov. 7, 1946. Denomi¬
nations
$50,000,

-Feb.

a

11,

$25,000,

and

$10,000

$5,000. Other bidders

were

as

follows:
Bidder

Rate

Merchants National
Bank,

l&i Boston

1

__

_

_

__ __

_

0.48%

_

,AV-. E. Hutton & Co.
Leavitt & Co

0.485%
0489%

bonds

-

choice

amortization

of

will
the

bonds

issued, the entire issue
into

one

into

several

determine

bonds

on

Bonds Sold—The

$10,000

Scottsbluff,

from the date of issue.
If
serial bonds are issued and sold

Paul,

Is, at

as

bonds

1960.

a

due

are

Other bidders

in

1948

were

as

to

folPrice

Bidder
J.

Rate

M. Dain &
Associates

Paine,

100.35

V 1.10%..

Bank,'

^

.Minneapolis
Halsey, Stuart & Co.______

100.03

,

1.20%

100.62

-1.20%

100.61

County Indep. Sch. Dist.
No. 100 (P. O.
Lakeville), Minn.
Bond Sale—The
$22,000 refund¬
ing bonds offered for sale on June
4, 1945, were awarded to Paine,
Webber, Jackson & Curtis, of

Chicago,
100.353,

1V4S,

as

basis

a

at

of

District

awarded

—

on

refunding

at

not

with

less

bonds

•/

all

bidders

on

$21,000

12

Dec.

Dec.

notes

must

bonds

election

11, 1945. ' Enclose

warrants

check

for

27, 1945

above

Clerk.

to Piper,

recently

the

are

the

a

held

Interest J-J..

reasonable

on

the

to the

c

rate

of

were as

0.39 %.

syndi¬

C. S. Ashmun

at

"

"Security Trust Co., Lynn.
_0.405%
F, S. Moseley & Co.—___;_0.42%

i

.

-

^

-

-

}>

-

MICHIGAN
St.

Clair

of

$71,000 construction bonds was
submitted to the voters at an elec¬
tion held on Feb. 11.

.///'i

,

County Independent
School District No. 96 (P. O.
Franklin), Minn.
Bond Election Held—An issue

Rate

Shores, Mich.

Bond

Sale—An issue of
public
park bonds
amounting to $83,000
and offered for
sale

163,

p.

Feb. 5—v.
awarded to the

705—was

First of Michigan
Corp., and Mcf

Bonald-Moore

&

Detroit, jointly, at
176, a net interest

MISSISSIPPP
Leake

County (P. O. Carthage),-i

on

Co.,
a

both
of
price of 100.-

cost of

.'"f

the

time

as follows: for
Dec. 1, $13,000 in
1946, $15,000 in
1947 and

1948, $20,000 in 1949, as
2s„ and $20,000 maturing Dec.
1,
1950, as l%s. Interest J-D. Dated
Feb. 1, 1946. Denom.
$1,000. Other

bidders

were

as

follows:

Bidder

Price Bid

H.'V. Sattley &
Co., and
Channer Securities Co.,

Chicago,

.

For

$63,000, 2s, and $20,-

Press

000

dated. Jpn.

(Net interest cost
1.895%.)
Kline, Lynch & Co., and
L. T. Hood &
Co.,
'
jointly,
For $83,000, 2s
___100.15
(Net interest cost 1.951%.)
.

■




at

>

tax

the elec¬

November, 1945.

iZink

j-

County (P. O.
,'burg), Mo;

ville, at

a

priWBf "100.85, a basis
0:68% J. fDated Feb. 1,

These

Feb.

18.

held

■-

\ \

:

were:

^ "

1

Jersey legislature

,

j

to

bids not

com¬

pay

premium

a

$1,000

will

be

bonds

will

be

thereafter

urer.

'

as

■

West Pater son, N, J>
Bond Sale—The $15,000 funding
.

of 1945, coupon bonds offered for
sale .on Feb. 13—v. 163, P-

J°fc"

awarded

to Boland, Saffin
of New York, as IV4S, at
a price of
100.034, a basis of jibout
1.242%. Dated Dec. 15, 1945.' De¬
nomination $1,000.
These bonds
were

i/Co.,

due

on

Dec. 15, from 1946 to

1953/The next
the

highest bidder

United / States
•

and

won

r

*

i

;

said

no

.''''

/

Call—J.

Treasurer,
payment

H.

announces

May

1,

/ /

Dekker, City
the call for

of the

out¬
standing balance of
$75.°001w1a^
works bonds, series of May 1,

an

on

l^6

,

also

$25,000 sewer bonds, Nos. 1 to
The bonds/with unmatured
coupons attached, should be
25.

sented

Federal

•

•.?.■

Offering—W. H. Gardiner,
City Treasurer, will receive sealed
bids until 3 p.m. (EST) on March
l for the purchase of the follow¬

ing

for

payment to

'

est

Inter¬

due May 1 next Will
paid at said bank.
%

coupon

Santa
.'

Pre";

the First

National Bank of Roswell.

Ocean City, N. J.

Bond

.

;

l'r

:

Roswell, N. Mex.

Bond

also be
;

yvill be suhrpitted to the voters, ah
the electioh ttri be held on March

"

Co.,

/•;

NEW MEXICO

questions had been raised in the

;

,

action

litgation.

was

Trust

.

on

re¬
de¬

March 15,

1946, or as
they
^ay he
prepared. Enclose certified check
for 2% of the par value of the
bonds, pay able to the City .Treas¬
on

soon

Appeals requiring Zink to make
the distribution they asked.
Jersey''City in opposing a Su¬
preme Court review of the State
court's

the

and_

desired

The

livered

in

doupOn' or registered bonds
Price Bid!
amountingto $143,000, not ex¬
'irst National
5: Bank, Chicago, /"/'.- v.; ceeding 6%" interest:/- /T'%//.//.
and Commerce Trust
Co.,
$14,000 aviation field bonds.
$78,000 jetty of 1946 bonds.
Due
Kansas City, jointly
100.522
March l,.as follows:; ^10,000
25,000--auditorium -bonds, ^ ^
.

'

are

of

excess '

jected.

order by the Court of Errors and

—

Bidder

have

to

.

unconstitutional

as

Legality approved by StinImperial, Neb.
Bond Election
son, Mag, Thomson,
The following
McEvers &,
Fizzell, of Kansas City.
Among 2^4% bonds.amounting to $39,000
other bidders

Bids

and >any

offering

or

1945 passed an act to give the mu¬
nicipalities $3,301,539. Jersey City
and the other municipalities inter¬
ested successfully attacked the act

%

be

New

■

bonds

obligations oL;the

Paterson, for 2s.

The

$50,$00.

to

bids

in

after

.arose

taxes.

are

the demand.

Anselmo School District, Neb.
Bond Election—An issue of con¬
struction bonds amounting to
$40,-,
000 will be submitted to the voters

election

.The

share of the interest. Zink refused

These

is being published
calling for an
issue of electric light and
plant
bonds amounting to

the

all

railroad
companies
paid
into' the
State
large amount of taxes,

.

treasury a

Plans Bond Issue—An ordinance

at

office;

plus $15,276,000 in interest. Jersey
City and other municipalities then
demanded the $8,076,047 as their

NEBRASKA

Bonds Sold—An issue of
1% un¬
limited tax road bonds
amounting
to $250,000 was. awarded
recently
to Stein
Bros, &r Rioyce, of Louis¬

1944

case

°£,^n^er®f

bidders offering to pay

or

plying with the provisions thereof

review

the

lowest rate

same

right is reserved to reject any, or

C.

defaulting
in

'

Warrens-

Washington,

28, stated as follows:

said

bidders offer to take

least amount of bonds at

by the City. The approving opin¬
Caldwell, Marshall, Trimble
& Mitchel of New York, will be
furnished
the
purchaser.
The

was
asked
by
Zink, Comptroller of
the New Jersey Treasury. He con¬
tended the New Jersey court, by
its decision, committed an uncon¬
stitutional act.

The

$6,000, payable to

Alma, Neb.

more

ion of

arrears.

*

>of

forms which will be furnished

on

Justice Rutledge took no part in
consideration of the appeal.
Homer

amount

City, payable from unlimited ad

^^

palities $8,076,047 which had been
collected • as interest on railroad

authorized at the election held
June 5, .1945. Enclose a cer¬

MISSOURI
Johnson

t7

Associated

An

$144,000 and ac¬
and
to
accept

the /least

will be general

0.47%
*{

Jersey Court; pf , Errors and Ap¬
directing the State Comp¬
troller to pay to various munici¬

$100,000 is¬

on

?

been; authorized pursuant

peals

on

1951.

100.03

j

voted

of

(State of)

—

As
same

Local Bond Law of the State

X& 'i;< '*J :f

dispatch from

issue.

at the

therefor
the
highest additional
price, which additional Pr^c®
not exceed by more than. $1,000,
the par value of the bonds, hereby
offered for sale. Principal and in¬
terest payable at the .City

The Supreme Court today ±efused
to review a decision by the New

the above Clerk.

favorably

bonds are due on
Feb. 1, as follows:
$65,000 in 1947
and 1948, and
$40,000 in 1949 to
,

payable

Decision

Court

of

thereafter before maturity.
bonds are part of the

was

1946.

jointly,

become

tified check for

of -about

<

will

or

bidder

JERSEY

New. Jersey

serial bonds, will be redeemable
in full at the option of the
County
five years from the date of issue
and on. any payment due date

sue

Bonds Voted—An issue of hos¬

tion held in

•' T.

said

then said bonds will be sold to the

Local Units Win U..S. Supreme

June 1,1947, and a like amount on
the same day each
year thereafter
uptil all such bonds are paid. The
bonds, whether amortization or

pital bonds amounting to $150,000

1.847%,
$63,000 maturing

'

Miss.

'

,

than

interest,

valorem

sale,
both principal and interest to .be
payable in semi-annual installs
ments during a period of 20
years
upon

bonds
Renville

.

*)

NEW

entire issue may be put info one

mine

Other bidders

■

I

\ 1

March 6 for

purchase of $60,000 hospital
bonds, not exceeding 6% interest.
Dated June 1, 1946. Amortization

20, 1945

follows:

Bidder

'

combined

a

same

the

-;i.:.:0.39%

W. E. Hutton & Co.__
I

considered for

proposals

more

the

Rate

^

;

tBoston

Commissioners, will receive sealed

as

urer's
-

Second National Bank,

be

pay for the combined issue not
less than the principal amount of
$143,000 and accrued interest, and

two

the pur¬

Bank

considered, for
rate higher ^han the
at which a legally ac¬

bonds, the bonds to be accepted
to be those first maturing, and it

The, other bidders were

Bidder

Co., of Minneapolis, Park-ShaughSwampscott, Mass.
nessy
& Co., of St. Paul, and
Note Sale —The
$200,000 tem¬ Frank &
from the date of issue. If serial
Belden, Inc., of Minne¬
porary, notes offered for sale on
apolis, as lVss, at a price of 100.- bonds are issued and sold, they will
;';Feb. 14 were awarded to the Sec¬ 047, a basis of
be in denominations of
$1,000 each:
about
1.117%.,
ond National
Bank, of Boston, at Interest J-J.
the sum of $3,000 of said serial
a

^

;

single bond or divided into several
bonds, as the Board may deter¬

cate composed of the

National

a

will

therefor

follows:

as

submitted to the voters at an elec-;
choice of the Board. If amortiza¬
tion to be held on Feb. 19.
1 -;
%
tion bonds are sold and issued, thie

a

as

at

crued

$350,000 and
Feb. 14, were

amounts

Merchants

Boston.

purchase and construction bonds bonds will be the first
choice and
amounting to $550,0Q0 will be serial bonds will be the second

awarded to

M

i

designate. These notes
$250,000 Sept. 16, and
$100,000 Dec. 16, 1946. Payable at

au¬

Marshall, Minn.
vs.
Bond Sale—The
$150,000 hospi¬
tal bonds offered for sale on Dec.

bonds

No pro¬

be

lowest interest rate, the bonds will
be sold to the bidder offering to

the

Bond Election—An issue of site

were

on

will

multiple of

to

due

are

County (P. O. Baker), Mont.
i Bond Offering—Dorothy Speelmon, Clerk of the Board of County
on

,/•

posals

issues

chaser may

•

a.m.

'}

a

between

Offering—The temporary

amounting to

constituted
bonds are to

1%.

one-tenth of

or

of

if they

as

of

al Bank, of Boston, at a discount

;

bids until 10

Hennepin County Richfield Sch.
Dist. (P. O.
Richfield), Minn.

bonds

bids

of 0.384%: Denominations in such

Fallon

Jaffray & • Hopwood, of Min-,
neapolis, as 2
at a price' 01
100.357, a basis of about 2.19%.

'

4

t

said

separate issues of bonds, and all
proposals must be for all of said

awarded to the Merchants Nation¬

certified

$3,000, payable

ifv-.Vi

r

offered for sale

which they will purchase the bonds
at par.
The Board reserves the

at

^

March 1, 1947 to 1952,
1,1953. Bid¬

on

ders must state in their proposals
the rate of "interest
(naming a

ceptable proposal is received. No

an

issue

Portsmouth, N, H.
Note

state the lowest rate of interest at

These

*

<

v

ities of said issues of bonds being

$20,000

not

their par value
interest to date of

and

r-

sold

be

at

April 2.

NEW HAMPSHIRE

than

accrued

delivery

will

voters

on

amounting

bonds

■

as
though they constituted one
single issue, the combined matur¬

lowest rate

100.268.

or in
part, but if in part
only in order of their identi¬
fying numbers, the lowest num¬
bers first at par and accrued in¬

Said

re¬

$140,000 was purchased recently
by the Kirkpatrick-Pettis Co., of
Omaha, as - %s,, at a price of

due date from

any

The

—

has

Purchased—An

Bonds

1946. Denomi¬

1,

single issue) the
bear, expressed in

Scottsbluff Sch. Dist., Neb.

the

whole

thorized

The

No.

offered for sale

such

All

after five years from date of
and prior to
maturity in

sale.

Sale

of

all

paid.

price of right to
reject any and all bids
1.21%. and to sell said bonds at
private

a

Edina,Minn.
Warrant

until

been

about

Interest J-D.

were

redeemed

terest;

Dakota

Sewer

have

bonds of this issue which mature
on and after
April 1, 1951, may be
and

Webber, Jackson &
National

thereafter

year

bonds

submitted to the

be

March

a

quested that an issue of audito¬
rium bonds amounting to $500,000
election to be held

.

nation $1,000. Said issues of bonds
will be sold as a combined issue

1/4

Committee

Auditorium

.

ot

single rate of interest for all

to

Neb.

Bond Election Requested

issue

Curtis

First

Bid

1.10%

Co., and
_____—

issue of 2%

years

Park-Shaughnessy &
These

an

:

March

Due

and $23,000 on March

bonds

was

period of 20

said serial bonds will become
pay¬
able on April 1,
1947, and a like
amount on the same day of each

Co., of St.
price of 100.203.

,

amounting
sold recently.

refunding

they will be in the amount of
$1,000 each, the sum of $15,000 of

syndi¬
composed of the Northwest¬
ern National
Bank; C. S. Ashmuri
Co.,
both
of
Minneapolis,
and

of

Village Clerk,

has announced that

of sale, both
principal and inter¬
est to be payable in semi-annual
a

issue

Paxton, Neb.

at the time

upon

;

An

jr."

lows:

Dated

—

:

1, as fol$10,000 in 1947 to 1949,
$9,000 in 1950 to 1952, and.
$8,000 in 1953./:
">• '•

::

-

.

Platte,' Neb.

.

Board

the

1953.;

bonds.

on

civic center bonds amounting to
$12,000 will be submitted to the
voters at the city election to be
held on April 2.
•
-

divided

or

as

'

>

held

1949, $11,000 in
1952, jSnd .$15,000 in

65,000 Tim pro vement

pur¬

building
$25,000, au?

election

Election

be put

may

single bond

-

North
Bond

to

1947 To

195(j- to

memorial

the

at

Jan. 29.

and

sold

contracted

2%

amounting to

thorized

" If

Board.

are

inr

-

Contract—The

Douglas Investment Co.,

the

bonds

be! the

cate

of

Boston, and J. P. Morgan &
Co.,
•Ipc., jointly, at 0.465%.
~
;■■;

con¬

Bank,

rate

*

County

March 4 for

on

installments during

«>

struction bonds offered for sale
Feb. 4 were awarded to a

The

the

was

National

jointly,

serial

second

con¬

County Independent

Windom), Minn.
Sale—The $170,000

of

tion bonds will be the first choice
and

\

Massachusetts (State of)
Note Sale—The
$5,000,000 notes
offered for sale on Feb. 13 were

a.m.

may

/Jl

awarded to

•

School District No. 6 (P. O.

; Bond

Board

M.

chase

exceeding 6% interest.
; Dated April 1 ,1946. Amortiza¬

Jan. 28.

on

the

Purchase

of Omaha has

the
purchasce
of : court
house
bonds amounting to
$300,000, not

struction, site purchase, and equip¬
ment bonds amounting to
$175,000 was favorably voted at the

was

'Security Trust Co., Lynn, at

0.415%.

.

100.42

Bonds Voted—An issue of

of

bids until 10

a

14, 1946.

highest bidder

Clerk

i
-

MINN ESOTA

election held

v'*'■

Commissioners, will receive sealed

Chicago County Sch. Dist. No. 1
(P. O. Taylors Falls), Minn.

temporary notes

amounting to $600,000 and offered
for sale on Feb.
13, were awarded

Mont.

Offering—H. Kruckeberg,

}

$83,000, 2V2s

—..100.27;

>'"•

John

Mpnday, February 18, 1946

Lyons, Neb.

»

Bond

(P.O. Miles City),

''

*

(Net interest cost 2.362%.)

Lynn, Mass.

to

For

:

'

i

Bond

;

Heimerdinger,

•

MONTANA.^ 'U" ■

Custer County
1'

Fox, Reusch & Co.,
Walter, Woody & > 4
Browning & Co., and
Pohl & Co., jointly,

*•

*.100.008

(Net interest cost 1.997%.)

^

-

v-

& FINANCIAL CHRONICLE

Bond

Fe, JV. Mex.

Sale Details—The

-

n'ft«

$25,000

street improvement bonds awarded on Jan. 19—v. 163
p. 706—

sold to Boettcher & Co., ot
Denver, as l%s, at a price of
PaJ*.
Dated July 1, 1945., These bonds,
will mature on July 1, as follows:
$1,500 in 1946 to 1955,- and $2,000

were

.

in 1956 to 1960. Interest J-J.

*■

•

Volume

1 Silver

•

Bond

Town

THE COMMERCIAL & FINANCIAL CHRONICLE

Number'4465

163

/
\
P. .'Noble,

City, N. Mex'.

Offering—R.

budget at 1 P. M. on Feb 13 in the
Assembly Chamber.
7
Mr. Dewey outlined these prin¬

sealed
7 ■ :•
for ciples: '7
of
1. "The budget for 1946-47 as
1946 coupon bonds amounting to recommended is broader in scope
$85,000, not exceeding 4% interest. than the previous budgets because
Dated May 1, 1946. Denomination
it includes all revenue collections
$1,000.
Due May 1, as follows: and all revenue apportionments to
$2,000 in 1947 to 1954, $3,000 in localities." (The present budget of
1955 to 1973, and $4,000 in 1974
$369,500,000 did not include the
to 1976'.
On Nov. 1, 1966, or on amount distributed by the State in
shared taxes to localities.)
any interest payment date there¬

•

Clerk, will receive

bids until 7:30 p.m. on March 15
the purchase of water works

.

after any or all of said

bonds ma¬
turing after'May 1, 1966, may at
/ the option of the Town be re¬
deemed upon publication
of 30
days' notice of redemption. Prin¬
cipal and interest payable at the
office of the Town Treasurer, with
New York

exchange. None of the

bonds will be sold at less than par

and

interest

accrued

of

date

to

will any discount or
commission be a lib wed or paid on

delivery,
the

nor

bonds.1 The

of said

sale

ap¬

surpluses will amount

State

2.

$500,000,000 on April 1, 1946.
Budget
operations.' for
1944-45
produced a surplus of $156,600,000.
The current year's surplus will be

cuts

Tax

i

For

pluses"

small

"only

1946-47
were

other

.

business tax rate from 4 to3%.

The

said,
does not include about $6,700,000
in
appropriations
for
"self-fi¬
nanced

•

Dewey declared that the budget
provides for "the improvement

and

Fort

way

educational

are

and

expansion of the State's high¬
system, recreational facilities,
service, aids to hous¬
ing, services to veterans, care of
the sick and needy, and its many

Public

(State

Debt Reduction by

of)

Cities—The

State and its various local govern¬
ment
units
reduced
the
net
of

for

Bridge Authority, N. K.

5

-

To Retire Bonds—In his annual

Dec; 7

Harry

1945, / Chairman

31,

bondholders

Yates -advised

that

the

decreases: will

tax

new

$558,500,000, of which $251,-

total

For

have reduced

35%

purposes" the
recommends 243,400,000,

divided into $206,900,000 for cur¬

operations and $36,500,000 for
addition

In

service.

debt

$3,-

a

the extent of $640,000,000
the peak levels which pre¬

ends

from

vailed

in the 30's, according to a

analysis

recent

The record

of

prepared

appropriations

These

$27,-

are

000,000 for salary raises, $9,000,000
for mental hygiene patients, and

$7,000,000 for public works. Debt
$145,000 of service goes down $3,400,000.
v
Series A-l.
The Trustee is au¬ 77;; 5. For "local assistance" $301,thorized to purchase bonds to the 800,000
was
recommended plus
extent of'these funds prior to May $7,000,000 for more public health
The recommendation allows
20, 1946 at not more than the aid.
callable price. If, on May 20, 1946, local ." assistance
of
$25,400,000
the - funds
are
not exhausted greater than if the present system

;

'■

and

bonds

the

by

purchase

the

through

Trustee, the Trustee will select by
lot and the Authority will call
sufficient of these selected bonds

hand and

to exhaust the funds on

the

bonds

called Will be paid

so

July 1, 1946 at the call price
of $1,015 per $1,000 bond plus in¬
terest to July 1, 1946. All interest
on called-.bonds will cease as of

July 1,1946.

followed, or $20,900,000 over
State aid for education

were

debt reduction

and

25% in

further reduction of

a

personal income taxes. This cut
is in addition to the reduction of

the
cumulative
slash of
50% in the individual tax bill for
and

in

25%: already

vogue,
effect is a

source

;

000,000, above what the old for¬
mula would have required. ##/

public works program

6.. "The

in the

met

be

to

next

few years

aggregates $1,000,000,000," About
$450,000,000 "can be financed from
the postwar reconstructiorl fund."

ing bill was passed last Mon¬
day by the Legislature and signed
into law last Tuesday;
,

.

It« is

venues.

parts—57%

re¬

into

divided

two

"State purposes"

for

"local

assistance,"

and

43%

with

lean-year reserves for these

parts amounting to $86,200,-

two

■

:

■

000.

for

//#

/#;;

#/

;

;

'7'

possible to "recommend
spite
of
necessary
expenditure
in¬
creases," Dewey said, ."and do so
Without
deficit
financing"
be¬
It

•

was

substantial tax decreases in

.

.

"wise

of

cause

action''

Legislature.

by

the

7-7

'

The Executive added that New

York State is "in the strongest fi-

v

nancial

,

p o s

known.".

;

iti

on

has

it

#"••"

'7'

-

ever

r

.

;

reserve, funds, be'said,vis. a step
unprecedented in State, govern¬

ment.
.

..

t

:

:

;

...7

,

;

,

-'

Legislative fiscal committee will

conduct

a

public hearing




on

the

4,079,293

1930

801,950

1938

1.524,051

3, 483,924

1930

7,936,725

1
1

84, 223,038

1937

115,370,814

#

Binghamton
Buffalo

Canandaigua

1930

82,500

_______

Cohoes

1930

"1,775,151

1933

974,000

1931

Fulton

-7,7

Geneva

1.633.500 V 1932

Glens

Falls
_

Homell

MMi

■77^7 777*7

Hudson

7^_77

824,000
655,500

63

1,908,000

:

1,047,900

1;

1,270,097

1939

398,000

2,039,100

Falls

7* The State's net debt is $388,-

1931-32.

broadened aid
come
through

to

localities

will

implementation
Commission

the# Moore
before

of

program, now

Legislature, under which lo¬
will not have to pay for
more
than 20% of welfare costs
and will receive more State aid
on

a

In

capita basis. *■; ;

per

v 77'
lieu of shared taxes, a fixed

amount

4,321.862

the

per capita rate of $6.75 for
cities, $3.55 for towns, and $3 for
villages.
/ - -7 ; ■#;/>#/#/•-':'77#
Heightened educational aid, the

2/446,060 W

46

737,006

339,000

46

1939

2,785,379

746,279

51

Middietown'.1'-^^773-777l1!;7^i;361,000 .1930

V '11,869,000 V:

608.000

31

10,860.959

'61

8,597,968

7,203,731-

V6rnon

Mount

Newburgh

; ; 18.064,690

1932

1936

3,665,520

1,526,454

42-

1931

17,053,900

6,132.970

36

12,206,815

1937

.■I
15,546,467 ti

1,337,000

1930

3,514,290

332,070

1

Niagara Falls
North Tonawaniia

1941

495.600

v

7-777- 7
;

531,400

1936

77777-7-7; //

1,488.160

1935

■Oneida-';—i; -7

1,606,000

1930

31,000

1933

1.028.000

1934

Ogdensburg
oiean

Gneonta

7-,T

'/

Oswego

1 1,623.041

777m..7«fcOwl't1

Peckskill

(H

1,378,293

19301

—

Schenectady

;

—

1 27,777,897

A

-

1.982.844

last

annual

25%

expenditures

oL the
or

go

for

local

aid

m<We

fall

taxes

build them

below
would

York

New

uo.

7

-*

i

City

1931

.2,552,588,396

1

debt

(t) Utica

"A

1941

•

includes

water

amounts

-

25
28
47

and

percentages

of

i-'Al#

EDITOR'S
that

although

134.484,611

these

are

not

a

legal

NOTE:

In

compiled

reduction
•;

by

data

34
•33
5

obligation

Citizens

the

Public

on

Feb,

26 for the

1978.

public improvement
:#/; bonds. Due March 1, as fol-

Expenditure

; lows:
».

;

with the above results,"', it should be" borne in
figures empldyed are for various, dates^ in 1944.
As very
financing has been effected by the cities in the past year or so, the relative
latest

the

a.m.

170,000

peak years,

on

11

$530,000 water bonds. Due March
1, as follows: $8,000 in 1949
to 1953, $15,000 in 1954 and
1955, and $20*000 in 1956 to

.36

1

Survey.,

mind

bonds

connection

::

debt

1

positions as of the present time are evidently much more favorable.

1..1

$5,000 in 1949 to 1953,
$6,000 in 1954, $7,000 in 1955,
and

Dated

r ;

$12,000 in 1956 to 1966.
March

.

Denomi¬

1, 1946.

nation
1947 to 1952. Enclose

Port of New York Authority, N. YBond

Offering

Cullman,

11

will receive

;?•/:# to Leland Jones, Town Super¬

Howard

a.m.

on

visor.

Feb.

the purchase of general
refunding
bonds* eleventh

for

19

and

series, due in 1986.
number

A sufficient

of bonds will be

New

■

York

O. Krel-

jschman, Town Clerk, will receive

lows:

; v

'■/,

■

,;

.-M

fire

bonds.

■•"■/■' ;■ ■•
station
Due

•

/

construction

$1,000

Feb.
W'

1,

/;/;,.:.:#/#A;/-#A/;';;;.'/

5,000 fire equipment and

•

;

•

aopara-

#;;; tus bonds. Due $1,000 Feb, 1,
,

sold to

/,/.#

Bond Offering—Lester

$6,000

$1,000.
Registerable as to
principal only; general obliga¬
tions; unlimited tax; delivery at
place of purchaser's choice.
A
separate bid for each issue (not
less than par and accrued inter¬
est) is required. Bidders are re¬
quested to name the interest rate
or rates in multiples of Vi of 1%;

certi¬

S.

—

Chairman,

sealed bids until

a

fied check 1 for. $12Q,r payable

or

.

53

2,392,570

5.599,427

40,767.315

.

Source of net debt data. Division of Municipal Affairs;

NOTE:

to

>

purchase of the following coupon
bonds amounting to $700,000, not
exceeding 6% interest:
* .
/.,///-

'

levied

be

45

2.687,073,007

27.427,145

Yonkers

minimum

the

until

1 19,855,639

'i.r 1,751,746
423.470
U'i 5,194.957
13:340,170

1.170,8501
15.070,089

-

Raleich,

98

1.321,548

3,734.590

1939

for; State purposes,- When the top limit

should

sealed bids at his office in

31

314,382

-

1934

*

?

Easter-

3,871,138
.?'?

9,517,295
19,780,050? ?£

•

1930

-747,380

9,875,132

Plains

35%.. sealed bids until 1.30 p.m.: (EST)
on
Eeb. 15 for the purchase of
'7
coupon
or
registered
is reached, $11,000
bonds, not exceeding 5%; interest.
excess. collections would be used
to reduce taxes. If the reserves
These bonds are described as fol¬
45 %

48

.

'"

E.

ling, Secretary of the Local Gov-/
ernment Commission, will receive

66

403,036

836,796

2,472,548

.

Hickory, N, C.
Offering—W.

Bond

25

489,111

614,461-

1,751,211

,

1938

/

Commerce

about 1.141%.

*

White

>:

-

Trust

44

'

.1940
12,293,406
1930
320,382
19371 '!$ 43,950,409
1931

-

1,962,735

1930

1940

•

Watervliet

Mercantile

&

?

39

7,124,725

Watertown

!

v.

37

921.870

1,151,000'
■

mi./

Ulica (t)

36

—

Co., of St. Louis,
Peoples National Bank, and C. F.
Cassell & Co., both of Charlottes¬
ville, at a price of 100.002, a bet
interest cost of 1.038%, as fol¬
lows: For $45,000 maturing $15,000 Feb. 1, 1947 to 1949, as 3s, and
$355,000 maturing Feb. 1, $15,000
in 1950 and 1951, $18,000 in 1952
to 1956, $23,000 in 1957 to 1961,
and $24,000 in 1962 to 1966, as Is.
Dated Feb. 1, 1946. Denomina¬
tion $1,000. The next highest bid¬
der was Fox, Reusch & Co., Ham¬
ilton & Co., Browning & Co., and
j Ryan, Sutherland & Co., jointly
/for $75,000 23/4s and $325,000 Is,
at 100.003, a net interest cost of

27. A

2,343,620

14,180.623

Tonawanda

Troy

20

507,366

;

74.222,925

1936.

24.094,776

Syra cuse

: '25

1940

8,422,268
6,000

.

.

"'"V '532,171
u,"
739,500

'697,500

•

r€,028,635

1930-

______

20

44

1932

914,415

1

51

,96 1

•

810,415

..

O.l;

,211,245

Saratoga Springs

'716.280

1,379,984

1,473,624

_

Salamanca'1

,

-

408,306

-

2,195.370
1; 608,386

1931

.

747,280

1,885,659

1,421.750

Rochester

Slierrill

1931

.771,598

A

1,527.5)60 '
.

2,155,212

1931

1937

.46(445,028

Rensselaer

55 A

647.905

.

2,014,306

t).

33

..

1,838,415

3,833,265

n

163.530

1,179,305

f/

62

2,177.290

.

f

21

3,341,652

•

'

3.015.740 1
r>
to;

558,000

piattsburgh <

Rye

-

2,139,066

7.777,7,7' 77

—

Norwich

A

10,920.930

^77^ ,7

,

Rochelle

New

359,000

.

below

1
'

program.,
#
7' •'• •
These funds would not be per¬
fall

27

72,437
380.158

■>.

8,525,5311 1936

'

-

explained, will result
year's revision of 250,000 at the accepted bid priqe.
the Friedsam formula.
771,7 Each bid/must be accompanied
The 'novel stabilization fupds, by a certified check or cashier's
Dewey said, are part of the "strik¬ check amounting to. $334,000. -' ; •
ing changes" proposed in the State
Vestal iFire Dist. (P. O. Vestal),
financial
to

33

1,593,080

';

,_7775777^2

because of last

mitted

52

.806,414

3,442,780

1938

1947 to 1951. Enclose

:

a

certi-

fied

raise funds in the amount of $18,-

executive

76

446,421
-

Bank

•

739,158-;

■

annually will be paid at

54

—

bonds

12

the

of

56

47

1930

__77—-

Beach

Mechanicville

against the city.

7 Dewey said the

43

446.000 ,;

:1

863,921
"

.

pital
Feb.

921,164

5,709,862

1933

1,849,700

A

821,750 1

1937

49,

715,597 f.

1,943,129

1930

1.639,646-

1
777
__^_,»;„r777-7

;

Shelby),

The $400,000 hos¬
offered for sale on
163, p. 826 — were
awarded to a syndicate composed

37

:

709,957

1939

417,500

_

Lackawanna

961,884

1931

1,388,000

7-

■_

Kingston

861,764..

1

Sale

Bond

47

:. ■V

1930

1937

CAROLINA

NORTH

Cleveland County (P. O.
;
North Carolina

51

1,884,900

392,400

1,021,965

Jamestown

55

;

2,595,384

375,750;*? 1936.

Ithaca

Johnstown

50-

554,500

1,084.000
v

Gloversville

32

972,760 ;;

1.20% Bonds
#'1
& Co.__100.14

81

1,444,957
v

Stevenson

For

27

'

1,835,764

735.000; 1930

7..

Glen. Cove

Bacon,

56

51

3,730,900

«7——

Elmira,

Marine

78

357,516

1,549,743

7.1,846,000

Dunkirk

1939

Co.,

For 1% Bonds
"
Trust Co., Buffalo. 100:195

47 :

775,743

774,000
802,391

:

__10Pt.JL5
100.15

■?#■:?■#■•#'

31

528,300

1,629,406

.90% Bonds

Co.u____

&

■
>(

# Inc.

,

1,302.988

A

2,567,988 \;>

1937

Bonds

Bank,

-100.02

###■:■;/ vFor

35

4,452,801
31,147,776

440,016

1930

l.ioi.ioo

;

17

722,101

1,265.000

Coming ''77-77
Cortland, 777:

%%

Bronx

Geo. B. Gibbons &

1,300,736

1,675,136

,\yere

■,

Tilney

;V 11,027,099
1 1,269,413 A

'

above

•

Establishment of the' $86,200,000

2,944,925

1940

Marqh>tl,

New York

H

from Pk.

from Pk.

1,917,826

'

-

of Re¬

$5,519,064

$32,107,950

"7'.v 374.400

Batavia

Little

A
Amount.'

1931

$6,000

Other bidders

duction

Reduced

1936

r

due

are

National

Per cent

Year

as

basis

Denomination $1,000. These

1947 to 19^1.
as folloVs:

#

Amount

$26,588,886
____

a

March-; 1,

debt

v

Peak

Dated

5%. The fe'V r;Price
Bidder
;
;
'Bid
re¬

the

•'

2,809,880

debt

all

State's cities:

Hicksville,

0.73%.

For

Peak

Auburn

-little new

showed

indicates

of

for

price of 100.05,

a

about

1946.

duction experience of each of the

in 1944

71.

Amsterdam

calities

history

following

offered

Bank

0.75s, at

years

for

units

City-

Albany

the

State's

tional

less at

End of

$1,000„000,000 public
■

fiscal

of

Ending

Since

works pro¬
gram.;;'. "/./</
'//7;:"'7;.■/;# "7 -' :.
7
Dewey
declared
his
1946-47
budget for. the first time in the

Villages owed 31%

Net Debt

the cilrrerit
fiscal year on Mar. 31, 1946,, With
a
surplus of about $500,00(1,000
and urged that the money be u&ed
in connection with the projected
end

will

State

the

its indebtedness by
all-time high in

Fiscal Year

>

Long

$10,400,000 greater than in
the current fiscal year and $26,-

000,000—$108,000,000 less than on
March 31,' 1943. Dewey noted that
1946. Other tax reductions recom¬
"the existing outstanding debt will
mended by the Governor provide
be reduced further to some $360,•for a total savings to all taxpayers
000,000 by March 31, 1947."
The
in the aggregate amount of $122,000,000.
Mr. Dewey stated,. that present debt is at its lowest mark
■

political

considerably,; the above
reported, pointing out that

will be

recommended grants
of) - - \
are:
$253,000,000 #for 7 highways,
n'Dewey
Proposes u $550,000,000
parkways, grade crossing elimina¬
Budget if Governor# Thomas ;/ E.
tions and canals; $61,000,000 for
Dewey presented
to the State mental1
hygiene institution con¬
legislature his budget measure for
struction; $22,000,000 for conser¬
•the fiscal year 1946-1947, providvation and parks and $35,000,000
ig for expenditures of $550,000,000 for
emergency, housing. The hous¬

;

varies

of

groups

Lockport

7 Principal

New York (State

„<6*

various

this year.

on

•

par-king
salq ion
Feb.
14—v.
163,
p.
827—were
awarded to the Long Island Na¬
bonds

area

had 29% less;

the

by

Beacon

000,000 reserve is set up for sup¬
plementary and special bills. -77

Trust

A

Westbury, N. Y.

the

from

1939.

"State

900,000 greater than last year. The
largest increases are about $10,-

Series

separately."

the reduction is placed at

Estimated revenue collections

3.

$294,350 was deposited on Dec. 29
with the Manufacturer^ & Traders

Co., of Buffalo, as Trustee,
under the mortgage indenture for
the purpose of retiring $145,000 of

is five years.

should be accounted

the State itself will, at the close of
its fiscal year on March 31, 1946,

outstanding indebted¬

to

ness

The pe¬

and of the Fire Equipment

years

charge against general

a

issued pursuant to

are

riod of probable usefulness of said
*Fire
Station
construction
is ,20

vey", 100 State St., Albany 7, N. Y.

rent

report for the fiscal year ending

said bonds

Bond Sale—The $30,000

York

New

not

revenues and

The approv¬

the Local Finance Law.

will be $42,-

budget

Erie

with

400,000, the local aid reserve $43,800,000. ■
7 /7; . 7 ,
; 7

4.

Buffalo

functions associated

Citizens Public Expenditure Sur¬

State purpose reserve

organized on April 9,
Seqtion 225 of the

ing opinion of Becker & D'Adamo, of Endicott, will be furnished
to the purchaser without cost. The

banking, insurance, racing regula¬
tion,
safety
responsibility
and
workmen's compensation."
7
This, he added, is because "they

600,000 will go for State purposes,
$306,900,000 for local assistance.

s'■ :

Dewey

bonds

aid. On Marchv 31, 1947, the

local

of the amount

.

budget,

new

under

1932; cities, excluding New York,
counties, 26%, and
towns, 20%. For New York City,

forecast—$2,400,000
and $300,000 for

for State purposes

was

1927,

of

after

NEW YORX

District

the irri-

as

Town Law of 1916.

.

bid, payable to the

well

as

this State."

in 1944 as
compared with the peak year of

proving opinion of Pershing, Bosworth, Dick & Dawson, of Denver,
will be furnished the purchaser.
Enclose a certified check for 5%
Town.

functions,

provement of employment within

elimination of the lVi%
emergency
impost-on .the cor¬
porate franchise tax rate, and re¬
duction
of
the
unincorporated
levies,,

amount

sur¬

another

for

25% reduction in personal income

to

$177,000,000.

provide

953

,.

/

check, for $100, payable
to Leland J ones, Town Super-

;:■# visor.

<xl i;.. :
1.946.

Dated Feb.
tion

$1,000.

each bid may name one

but

Denomina¬
,

from
unon

real

ad valorem taxes

property

within

the

District and said District operates
under and said bonds are issued

pursuant

to

the

Town

Law

arte?

either issue, and

the amount of bonds

?he

of

unlimited

for

bidder must

bid

Endicott
Endicott, with
New York exchange. These bonds
are
general /obligations payable
Bank

bid may name more than

rates

specify in his
of each
rate- Each rate must be bid for
bonds of consecutive maturities.
The bonds will be awarded to the
bidder offering to purchase the
bonds at the lowest interest cost
to the City* such cost to be de¬
termined by deducting the total
air v,mt of the premium bid from
each

at. the

payable

National

no

three

Rate,^. of interest to

be in multiples of
or one-tenth
of 1%, and must be the same for
all of the bonds. Principal and in-1

terest

rate for

part of the bonds of either issue
and another rate for the balance,^

■: '■■' ;■ ;■?■■•#

aswre&ate amount of interest

upon oii of ilie bonds
the Local Finance Law; Said Fire 1 respective
maturities.
(

until their
The

ap-

///'

I?

I\

v:

7 7///

THE COMMERCIAL & FINANCIAL CHRONICLE

954

proving opinion of Heed, Hoyt &
Washburn of New York,, City, will
be furnished; the purchaser.
In
the. event that prior to the delivery of the bonds the income
received by private holders from
bonds
of
the
same
type
and
character shall be taxable by the
terms of any Federal income tax

,

successful bidder

the

law,

may,

Dated April 1, 1946.

interest.

At 111.861

De¬

1

To the

v

<

Monday/ February 18, 1946

=

Harris Trust &

$1,000.

will

bid

bonds

authorized

issue
held

Oct.

on

certified
able

part pf the

are

to

memorial stadium bonds amount-

1945. Enclose a
$14,000, pay¬

held

for

Sale—The

sewer

Feb.

on

sale

12—v.

163, p. 827—were
Reusch & Co., of
Hamilton & Co., of

Cincinnati,

IV4S, at

April

(State of)
1 .•
Award —George

of

Secretary

11

M.

7

At

Garfield
Heights
City
4y2s, dated Oct. 1,
1927, and due in 1946 and 1948,,

$32,000

follows:

'

/'/7/

1,

au¬

These bonds

1*4%

for

also

bidders,
were:

,

;*

.V-

Bidder

bonds,

„

Stranahan, Harris & Co.,

Inc.

to

Fahey, Clark & Co.
Fox, Reusch & Co.

100.87
100.83

White & Co.

-i_.100.53

Trust

Co., Cincinnati—100.52
Halsey, Stuart & Co.
__100.41
Dayton, Ohio
Other Bids — The $53,000 fire

of

$561.80,

-

equal

to

basis of about 0.831%
163, p. 515—were also bid for
follows: (all for Is) .

101.06,
v.
as

a

Company, Inc.

472.00

——

Due Sept.

—

Ryan, Sutherland &
Company
The National City Bank
of

377.00
244.33
213.00

Cleveland

J. A White & Co

Fostoria,

465.87

City Auditor, will receive sealed
bids until noon on March 4 for
the

purchase of $200,000 building
bonds, not exceeding 4%

coupon




At 103.436

Messrs.

-

-

Dated

77"

bonds.

the

i

$74,000 April and

following lot:
Garfield

;7;y
Heights,

$32,000
7

District

School

77

4 ¥1%

City
bonds.

Dated Oct. 1, 1927.

Due $12,1/1946, and $10,000
April and Oct. 1, 1948. /•
Oct.

000

Painesville School District, Ohio

7; Bond Election—An issue of 2%

|
Deficiency,

Dated

July 1,
Due Sept. 1, $20,000 in

1934.

Due

Oct. 1, 1946 to 1948.
There were ho bids received for

Field, Richards ; &

At 106.468

Cleveland

51/2 %

improvement bonds amounting to

$720,000 will be submitted

the

voters at the election to be Held

Feb- 26.

on

"7:7 1946, $5,000 in 1947, and $10,-

v

Due

777 1948.

,

"s

1, 1931.

1, 1946 to

1946,

Due Oct.
and $25,-

At 106.917

124,000 Cuyahoga County Deten¬
■

Court

♦

and

Juvenile

6%
bonds.
1932.
Due
$22,000 April and $24,000 Oct.
1,
1946, $24,000 April and
$27,000 Oct. 1, 1947, and $25,000 April, and $2,000 Oct. 1,
1948.
V*
/-;//*,;
Dated

Building
Dec.
16,

At 109.428

4
%
1927.

1>

,

;

-

'

140,000 Toledo, Maumee River
Bridge 4*/2% bonds.
Dated
May 1,1929. Due Nov. 1, $60,000 in 1947, and
$80,000 in

Cuyahoga

Improvement

bonds.
Dated Aug.
Due $43,000 Nov. 1,

2lk%
1, 1939.

1946 to

2y2%

bonds.
Due

1940.

Messrs.

Lobdell

&

Co.,

of

Oct.

.Dated

Oct.

$102,000

1,

1,

1947, and $10,000 in
,

-

on

*

Co.—V/4'fc

Trust

Co.,

102.14
:

101.27*

Cincinnati—

/;.../
Roseville,

7 Bonds
water

100,385

IYhVp,

Provident Savings Bank &

;.7v/>:

1946 to 1948.
At 103.99

Ohio

{

Purchased—An issue; of
bonds

revenue

amounting

Dated

bonds.

of Nashville;

:

;

■ • •

.

/■

At 105.636

30,000 Cleveland General Sewer
4% bonds. Dated Dec. 1, 1930.
Due $10,000 Sept. 1, 1946 to
1948... ,v:-'

'

Alva, Okla.

.

April and Oct. 1, 1946 to 1948.
Cleveland Trust

the

Co.:

yy* At 105.29 '7*
39,000 Cleveland Refunding 2y4%
bonds.
Due

Dated

Sept.

1,

1937.

Sept. 1, 1948.

Delinquent
Tax 4% bonds. Dated Dec. 1,
1938.
Due
$56,000 Dec. 1,

21,000 Cleveland Refunding 2J/2%
bonds.
Dated Sept. 1, 1938.
1, 1947.

Due Sept.

94,000

Toledo

bonds.
Due

Dec.

15,

1936.

15, $31,000 in 1946

and $32,000 in 1948.

'■'7'7:_7,7;/'

Heights/ School

4%%

bonds.

Dated

'

Jan, 1, 1927.

Due $16,000 Oct.

1, 1946 to 1948.

;,

^

/ y

y

.

amounting to $100,000 and

on Feb. 5—v. 163,
827—were awarded to the Cen¬
tral National Bank, of Alva, as is,
at a price of par.
These bonds
are
due $10,000 in 1949 to 1958.
The next highest bidder was C.
Edgar Honnold, at a net interest

offered for sale
p.

1.0032%.

"•/

,

At 103.449
181,060 Toledo Refunding 2y2%
Dated

Craig County, White Oak Consoli¬
dated School District No.

Dec.

1

(P. O. White Oak), Okla.
Bond Offering—Willie E. Car¬

:y..y

Refunding 2y2%

Dated

Dec.

and 1947,

,y.;y- y.y. At 107.183
District

♦

Bond Sale—The convention hall

bonds

cost of

At 103.458

Cleveland,

Shaker

building

At 102.99

At 106.536

48,000

,

.

90,000
Cuyahoga
County
Re¬
funding 3%% bonds. Dated
Oct.
1,
1938.
Due $15,000

To

,

vite), Ohio
>
.No Bids—No bids were received
;

iri connection with the call for the

y;

5,000 Cleveland, Public Hall An¬
nex 4V4% bonds.
Dated Sept.
1, 1931. -Due Sept/1, 1946.
168,000

7

Re¬ purchase
of
$125,000
3%% bonds. Dated equipment bonds.
1938.
Due $30,000
April 1, 1946 to 1948.7 ;/7/;7;-*
OKLAHOMA

/y-

At 102.33

.*■'•/■'■

1,

AU04.226

10,000 Cleveland, City's Portion
Street Opening 4y4% bonds.
Dated July 1,1925. Due Sept.

/

■

.

Cuyahoga/ County

Oct.

,

'

v

funding

Due Sept. 1, 1948. i

-

1

.

90,000

Hayden, Miller .&
Co., of Cleveland:
; f
'yy':-'--::' '■■■; At 102.33 77:"

/

1, 1937.

At 103.763

Messrs.

77y 1, 1946.

March

,

Thompson Township Local Sch.
Dist. (P. O. R. No. 3, Belle-

•

I ' 7v

Jan. 7 by Fok, Reusch & Co.;>
.

/

1948.

5,000 Cleveland AircTaft Landing
Field 4y4% bonds. Dated July
To

$70,000 was purchased private¬
on

"77 Due $53,000 Sept. 1, 1946 to

^7

-''

.

At 109.072

to

of Cincinnati.

159,000 Columbus Refunding 3 %

10,000 Cleveland Hospital 5 V2 %
bonds. Dated March 1, 1921.
Due March 1,1948.

1946 to 1948.

1946 and

&

Sutherland & Co._.

Ryan,

Refunding

At 106.11

1948.

$1,000

Other' bid¬
Rate Price Bid

White

A.

J.

At 103.326

Cleveland

due

Bidder

■

306,000

are

ly

To

1948.

110,000 Toledo Sewage Disposal
4%% bonds.
Dated May 1,
1929. Due Nov. 1, $50,000 in

bonds

1, 1947 to 1966.

ders were as follows;

1948.

Dated

1, 1925.

000 in 1947 and 1948.

Home

Sept,

1, 1948.
Refunding 4y2%
Sept. 1, 1927.
Due Sept. 1, 1948.
' -

At 106.677

tion

River

Refunding

Oct.

Cleveland

129,000

To the Commerce Union Bank

70,000 Cuyahoga County, Lorain
Central Bridge 4*4% bonds.

in

At 103.498

,

s-

1,' $20,000

bonds. Dated
Due Nov7 ;1,

,

$54,000 Sept.

Dated June

1926,

At 110.50

7

.

162,000 Cleveland, Refunding 4%
bonds.
Dated Sept. 1, 1936.

Ohio

Bond Offering—Gerald D. King,

1938.

1,

Toledo

•

1, 1947.

At 105.693

4%%

1,

bonds.

and

1947,

■

Company, Inc.

/ To

Due Sept;

Hall,

15,000 Cleveland Street Opening,
6% bonds. Dated Dec. 1, 1932.

j

Halsey, Stuart &

Sept.

Sept.

Co., of Cleveland:
35,000

bonds.

bonds.; Dated

Dated

At 108.943

$540.60

Braun, Bosworth & Co
Stranahan, Harris &

Public

$20,000

x

12,000' Toledo

13,000

in
$15,000 in 1948.
1946,

Premium

Bidder

bonds,

At 110.26

Nov. 1,
Due Nov. 1, $10,000 in
bonds.

1921.
:

apparatus bonds awarded Jan. 22
VanLahr, Doll & Isphording, of
Cincinnati, as Is, at par plus a

premium

Dated

1, $5,000 in
1947, and $24,000 in 1948. 7

1948.

Dated July 1,

Cleveland,

5V2%

1:

to

_

Due

These

Nov.

^

$10,000 Oct. 1, 1946
&
//
'
'

1948.

45,000

//

Provident Savings Bank &

4%%

Dis-

At 109.471

^/•i_101.l5

-

bonds.

1938.

Guaranty Trust Co., of

v*:; ■ At 104.248 7
r
444,000 Cuyahoga County Bridge
3JA% * bonds. ; Dated ; Jan; 1;

Refunding

Cleveland

2y4%

1946 to 1948.

y Crossing

.

Due

\'"

•——..*..101.16

Inc.

J. A.

7

:

„

Braun, Bosworth & Co.,'

To the

New York:

,
,
Prairie Township (P.O. Columbus),
April 1, -1926. Due $16,000 77 000 March 1, 1948.
;
Ohio
7;
OCt. 1, 1946 to 1948.*
■'
To the National City Bank of
Bond
Sale-r-The
$20,000
fire
New York:*
77777^7::/-^7/; •
;
1.
At 109.775
equipment bonds offered for sale
At 103.^38
>
20,000
Summit
County
Road
on
Feb. 4—v. 163, p. 363—were
7 * Bridge 5% bonds. Dated May
71,000;
Cleveland
Refunding
awarded to Fox, Reusch & Co.; of
; 7- 1, 1919.
2y2% bonds. Dated Sept. 1,
Due $10,000 Oct. 1,
1936. Due Sept. 1, $21,000 in Cincinnati, as iy4s, at a price of
y
1947 and 1948.
1946, $22,000
in 1947, and 100.429, a basis of 7abput71.207.
7 At 111.60
Dated Feb. 1, 1946. Denom. $1,000.
$28,000 in 1948.
12,000 Toledo, Main Street Grade

*

City School

trict 5% bpnds.

v

-"7* 1929.

Price Bid

-

1,
lip

v

Atl07.653 >r

Akron

30,000

July

Dated

bonds.

Due $15,000 Oct.

1929.

$5,000 on May and Nov.

due

15, 1947 to 1959, and $6,000 May
and Nov. 15, 1960 to 1969.
Other

jv

5%

1946 to 1948.,

was

Denom. $1,000.

1946.

1937.

,

.

trict

thorized at the November election

are

29,000

$63,000 Dec. 15, 1946 to

1948.

•

City School Dis¬

Akron

45,000

Bonds Sold—An issue of school

Dated March 1,

1,

in 1947,

2^%

15/ 1936,

\

......

of 1.132%.

Sept.

Dec.

.

At 107.653

Local Sch. Dist,
(P. O. Mt. healthy), Ohio

basis

6%

48,000 Newark Sewer Improve¬

-

.

awarded on Feb. 8 to
Ryan, Sutherland & Co., of Toledo,
as
iy4s, at a price of 101.321, a

Due

Dated

'

Colerain Township

1945,

bonds.

At 104.832

At 107.363

--

in

Water

and

Oct. 1,

is under

bonds amounting to $250,000,

Dated

bonds.

Dated Oct. 1, 1932. Due $5,000

At 106.823

.

At 103.676

189,000 Toledo Refunding

j

At 105.413

Due Sept. 1, $12,000
and $1,000 in 1948.

..

Co., of New York:/■/■•;::7/7■:■ 77/://

13,000 . Cleveland ; Refunding 4 %

.

:

v

consideration $90,000 Akron Street Improve¬
ment
41/2%
bonds.
Dated
calling for the issuance of police
Sept. 1, 1939. Due $30,000 Oct.
d^nartment bonds amounting to
1, 1946 to 1948.
$40,000.
v
\ ' :
re:olution

;;

&

1946, and $2,000 in 1948,

114.85

er

ment

Alliance, Ohio

1931,

in

bonds.

15,000 Montgomery County Sew-

bonds sold is as

v'

s;

4y4% bonds.

Dated Sept.
Due Sept. 1,-$10,000

/.

To Messrs. Kidder, Peabody

'-:--

1,

Due $5,-

7-

To Messrs. Lazard Freres & Co.:
3end Resolution Considered—A

nex

Euclid

7/7 and $69,000 in 1948.

1'

1948.

OHIO
7v

y

At 103.126

At 109.266

received.

,

-'

'7-

'

36,000 Toledo Refunding 2J/2%
School
bonds. Dated Dec. 15/ 1936.
Dated yDue $12,000 Dec. 15, 1946 to
Oct. 1, 1920. Due Oct. 1, 1948.

School District

A record of the

Bank of

-

Is¬

&

Special Assess¬
Refunding 3V4% bonds.
Dated Nov. 1, 1940.
Due Oct.
7' 1, $68,000 in 1946 and 1047,

10,000
Lakewood
City
yy District 6%
bonds.

aggregate of $4,249,000 were sold
competitive bidding on Jan.
30. The unsold bonds consisted of

for which no bids were

4%%

•

Doll

Lahr,

&

Irvjng

ment

>12,000 Cleveland Public Hall An-

^

1, 1938.

City

At 102.771

1, 1946 and 1947, and
$10,000 Nov. 1, 1948.

via

•

*

District

State

the

National

Cleveland/ and Associates:

000 Nov.

ports that $4,217,000 bonds of an

price of

-

School

Retirement System, re¬

Teachers'

the

&

-'7/

205,000

,

To

20,000 Harrison Township Rural

Interest

Van

ly;

Cleveland Hospital, 4%
bonds. Dated March; l;yi9$L
Due Sept. 1, 1948.
,

ry
At 108.70

1946.

1,

Ohio

following bonds

,

1947..

Dated Nov.

Pogue,

.

•;

,

A-O.

£

\

.

.

Refunding 4%% bonds. Dated
Aug. 31, 1935.
Due Oct. a,
$34,000 in 1946, and $35,000 in

from 1946 to 1957.

amounting to $190,000 and offered
for sale on Dec. 17, 1945, were
awarded to the Allison-Williams

.

1956.

to

Dated

N. D.

,

7 7

and

Bank

Roth

phording, all of Cincinnati, joint¬

&

10,000

At 104.718

.

McDonald

'

•; y *;,
~
69,000 Euclid Special Assessment

Due from
v7
;
:
35,000 swimming pool bonds. Due
1946

Portfolio

$108,000 funding bonds.
82,000 refunding bonds.,,,

■'W

'

.

,

5,000 garage bonds.

net interest cost of 1.71%.

par:

.

Due

Due from 1946 to 1957.

Greensboro, jointly,
for $10,000 2V2s, $30,000 l3/4s, and
'$10,000 iv2s, at a price of 100, a

Co., of Minneapolis, at a

At 105.421

25,000 fire engine house bonds.

Corp.,

Bond Sale—The

'

from 1947 to.1957,

Corp., Durham, and Vance Secur¬

M and an,

resurfacing £ bonds.

10,1)00

~

and

Savings

Weil,

Co.,

At 108.94

y

bonds.

Cuyahoga County Re¬
funding 4*/4% bonds.
Dated
Oct.
1,
1939. 7 Due
$77,000
April and Oct. 1, 1946 to 1948.

,

maturing $2,000 June 1, 1948 to 1952, as 4s, and
$40,000 maturing $2,000 June 1,
1953
to
1972, as PAs.V-Interest
J-D. Dated Dec. 1, 1945. Denom¬
ination $1,000.
The next highest
bidder was the First Securities

4%%

462,000

'7

follows: for $10,000

NORTH DAKOTA

as

Co.,

Phelps, Fenn & Co.,

York,

Provident

Trust

Co., of Cleveland, jointly:

1, 1924. Due Oct.
1, $25,000 in 1946, $26,000 in
1947, and $25,000 in 1948.
- ;

price of 101.495, a basis

a

New

City

Heights

District

To Messrs.
of

7/::777'7f7',:

To Messrs. Seasongood & May- -1
er,

7yT,'' 1947.; .y_:;; 7 y-7,^77

v

1919.

1,

:77. At 105.26

posal
4%%
bonds.
Dated
Aug. 1, 1930. Due $23,000 Oct.

y

Dated Aug.
•>

•

$35,000 storm water sewer bonds.
7 Due from 1946 to 1957.

Cincinnati, at a price of 100.004,
a
net interest cost of 1.415%, as

Cleveland

School

of about 0.98%:

Chester, and Browning & Co., of

ities

Montpelier,

of

Bank

tional

awarded to Fox,

March

1947.,

At 107.363

76,000

bo: ids

amounting to $110,000 and offeied
for
sale on Jan. 21—v. '162,
p.
3127—were awarded to the Na¬

water

$50,000

bonds offered for

Dated

Ohio

Montpelier,

Treasurer.

State

Landis, N. C.
and

bonds.

Due March 1,

March 19.

on

City's Portion
Improvement
5%

Cleveland,' Sewage'

23,000

,,

Cleveland

Street

to $50,000 will be submitted to
the voters at the election to be

election

Bond Sale-—The following
Bond

5,000

$1,150,000 nig

the

at

29,

check
the

These

returned.

be

71 1947.7;777

/;;/>

•

^

At 106 39

Dated

5,000
Toledo
Refunding
4%
7/7; bonds. Dated March 1, 1936.
7 Due
Sept. 1, $4,000 in 1947,
/, and $1,000 in 1948/K/7:/77;>7v|
Dis-

f

$36,000^: in

bonds.,

1/ 1927.

Due Sept. , 1,
$3,000 in 1946, and $2,000 in

7

,

,

4J/4%

77 Dec.

7.

Imprbve-

Bridge

Dayton

ment

.

,7:

At 103.24

5,000

,

,

•

7/7,7

•

relieved of his
,
obligations under the contract to check for $2,000,
000 in 1946, and
purchase the bonds and/in such
1948.v-y;;
Lisbon, Ohio
//
case,
the deposit accompanying
Bond Election—An issue of war yy :-.
7
At .104.98
his

Cincinnati:

Toledo

.

at his election, be

To Messrs. J. A. White & Co. of

Savings

University '5%: Bank ofChicago: ;»^v C'-.i
1
bonds.
Dated Sept.yi:/:4929/
yy1'.., At 109.16
Oct.
Due Sept. 1, 1948.
terest to be in multiples of V4 of
15,000 Cleveland, City's Portion
7
'
:
y
Street
Opening 4%
bonds.
1%. These are the bonds author¬
To Messrs. Ball, Burge & Kraus
/
Dated Feb, 1, 1929. Due Oct.
ized at the general election on
and Otis & Co., both of Toledo,
Nov. 6, 1945, Principal and inter¬
1, 1948.
y
jointly:
est payable at the City Treas¬
At 104.622';7y:-yyg;ii:;7::!
/77;/;>;7/; At 108.518 ;7:y,,.,;:::7A
urer's office.
Legality approved
/ 5,000 Cleveland
Refunding 2y^%
82,000 Canton City' School Disby Squire, Sanders & Dempsey,
bonds.. Dated Sept. 1, 1937.
trict 6% bonds." Dated Sept.;
of Cleveland. Enclose a certified
Due. Sept,-,iy 1948.
20, 1920. Due Sept. 20, $46,60,000

Due $20,000
1, 1947 to 1956. Rate of in¬

nomination

penter, District Clerk, will receive
sealed bids until 2 p.m. on Feb.
15

the

for

of $10,000
These bonds are
$2,500 in 1949 to 1952. The
purchase

building bonds.
due

bonds will be awarded to the
der

offering the lowest rate of inagreeing to pay par and

terest and

accrued

interest;

Enclose

a

cfer-

15, 1936.
Due Dec. 15, $60,000 in 1946

tified check for 2% of the amount

and

bid.

bonds.

.

1947, apd $61,000 in 1948.

*

..

,
,

bid-' f
\

!|

Volume

THE COMMERCIAL & FINANCIAL CHRONICLE

4465

Number

163

Bond

sale

awarded to

163, p. 515—
syndicate com¬

a

held

election

on

'

■■

-

.

These bonds

due in 10 years,

are

posed of the First National Bank

Skiatook, Okla.
Edgar Honnold,
Bond \ Election—An
issue
of
City, and the
$75,000 electric distribution system
Stillwater National Bank, of Still¬
oonds will be submitted to the
water, at a; price of par, a net
voters at the election 'to be held
interest cost
of
1.199%.
These on Feb. 21.

6

Trust

both

bonds

Co.,

C.

Oklahoma

of

.7.777/7 *'77.7'."7.

mature

$11,000 in 1949 to
1967 and $16,000 in 1968.
The $195,000 bonds also offered
on
Jan. 31—v. 163, p. 515—were
awarded
to Evan
L.
Davis, of

Stigler, Okla.
Hull, Town

,

Bond Offering—Will

receive sealed bids
Feb. 21 for the pur¬
chase of $50,000 water works ex¬
tension and improvement bonds
and $35,000 sewer bonds. The $50r
000 issue matures $3,000 in 1949 to
until 2 pm on

Tulsa, as follows:
$150,000 city hall bonds, at a price
of 100.031/a net interest cost
.

:

of

•

1.055%,

1

.

45,000 fire station bonds, at a
price of 100.039, a net interest
77

v

These bonds
Other bidders

Bidder

on

were

For

1945.

i

\

$225,000 Bonds

First National

Bank,
Cushing, and
*

:

f'S

Farmers National Bank, 7

Co., Oklahoma City,
'
and Associates -->—--1-100.00

Trust

in

For

'' f
1C0.00

,

any

Bonds

to

redeem said

paying date at or
from the date said
Principal and

years

issued.

are

interest payable at the
name

&

City Treas¬

Each bidder should

the rate of interest at which

accept the
bear the
rate or rates of interest designated
in the bid accepted.
These are
the bonds authorized at the elec¬
tion held on*Jan. 11.
The bidder
will be required to add to the bid
a statement of the net cost to the
the bidder is willing to

The

bonds.

(Net interest dost 1,07%.)

7'7/V;
Associate
——100.00
(Net interest cost of 1.08%.)
Edwards, Inc., and

National Bank,

First

5

urer's office.
,

,7 Trust Co., Oklahoma City 77
and Associates -———.100.00

R. J.

option

interest

bonds

:
«.

City shall

1966.7 The

to

the

after

7"w_ 7

-100.012

National Bank

First

.

1.208%.)

$45,000

sealed

bonds, in numerical order upon
the payment of the face value
thereof with accrued interest on

,

Canfield

&

bonds will

Cushing, and 7

City if his bid is accepted. • The
100,007. approving opinion of Teal, Win*
(Net interest cost of 1.10%.),.
V. free, McCulloch, Shuler & Kelley,
Calvert & Canfield—-—100.0371 of Portland, will be furnished the
purchaser.
Enclose a certified
(Net interest cost of 1.18%.) '.7 check for 2% of the par value of
Garfield County (P. O. Enid),-, the bonds, payable to, the City..
Associate

>

Okla.

1

A

■

$350,000 free
PENNSYLVANIA'
fair bonds offered for sale on Jan.
Punxsutawney, Pa.
28 were awarded to the First Na¬ 7;f77)
V Bond
Election
An
issue
of
tional
Bank
&
Trust
Co.. of
flood prevention bonds amounting
Oklahoma
City. Denom. $1,000.
to $125,000 will be submitted to
These bonds are • due $44,000 in
the voters at the election to be
1949 to 1955, and $42,000 in 1956.
held on March 5.
.7
Authorized at the election held oh
Bond

Sale—The

....

—

Dec.

22,

bidder was Evan L.

Bond Sale—The

City: 7

be¬

tures

grew greater
discontinued.)

as

operat¬

expendi¬

revenue

borrowing

School

costs

or

high of $104
in Narragansett, all small towns,
the Council reported, but noted
that costs generally are lower in
smaller

towns

because

serv¬

ices

provided are fewer and less
expensive.
.7 7" ;
;
The
importance
of
property
taxes was emphasized, the Coun¬
cil's
figures
showing the nine
largest municipalities got 81% of
,

their
while

from

income
the710

that

smallest

source,

got

only

fire

Additional

Texas

-

result

of

a

Information

—

As

a

typographical

error,
the amount of the school construc¬
tion and site bonds

recently

pur¬

chased by Paine, Webber, Jackson
& Curtis, of Chicago, and associ¬

incorrectly shown as
in the report of the

was

I

ISLAND

.Local

Outlays for

Debt and

The

Jan.

of)
Other Than

Relief Show Increase—

following is taken from the
30

issue

of

the

Providence

7

Municipal

that
appeared
in
828. The correct amount
$2,500,000 and the bonds were

163,

offered

by the

voters'

issue of

an

dispose of the remaining $500,000
bonds

until

such

time

finally determined.
of

the

$2,500,000

the

the

as

as¬

was

maturing in 1962-1965
been sold by the under¬

writers after the close of business
the

on

initial

offering

connection with

date.

In

the sale, the fol¬

lowing aditional information is of
interest:
The Lee Higinson Corp., of Chi¬

plant
Feb.

offered

bonds
11

for

sale

on

707 — were
awarded to Kalman & Co., of St.
163,

—v.

p./.

Paul, and J. M.fDain & Co., of
Minneapolis, jointly, as l%s, at a
price of par. Dated Jan. 1, 1946.
These bonds are due in 1961. 00tional*in 1954.
held

election
,

'

on

Jan.

15.

.

■

1946. Denomi¬
nation $1,000.
Principal and in¬
terest
payable
at
the
Corpus
Christi Bank & Trust Co.
Direct

bonds

revenue

amount¬

ing to $700,000, was introduced
recently in the City Commission.
TEXAS

in

1,

general obilgations of the en¬

and
tire

^District,

payable

from

ad

valorem taxes levied against all
77777777 taxable
property therein, within
r * ■ the limitations provided by law.
■
Legality approved by Chapman &

election to submit to the voters an

of

77; Dated March

Authorized at the

*
.'"7 7
Yankton, S. D.
Bridge Purchase Proposed—An

issue

$280,000 in 1968, as 2s.

»,

.

^

$10,000 was

submitted to the




;

:

Bank,

*

Sons, and
jointly,
$334,000, 3V2s,
..
$1,276,000, iy4s, and
$390,000, 1.10s
100.017

For

(Net interest cost 1.3055%.)
Blyth & Co.,
Lehman .Bros.,
Stranahan, Harris & Co.,'
Inc.,

McCormick &
R. S. Dickson & Co.,
Dallas Union Trust Co.,
Dallas,
Kebbon,

|

v

Co.,

«•

{
.

Texas Bank & Trust

insurance March 5.

—100.00
1,32855%.)
Chemical Bank & Trust Co.,
New York,
'
'
7
Equitable Securities Corp.,
Schoellkopf, Hutton &
'-TI
$1,710,000, iy4s
(Net interest cost

Pomeroy,

Bond

Chicago,

20v

7.;.

77

,

/,/.

*

.

be ;

to

7;7y

held
; 7 *7 - 7

on
-

i
\

•:

7j

Worth, jointly,

For

$404,000, 3y2S, and ^ :
$1,596,000, iy4s
100.003
(Net interest cost, 1.366%.)

of

issue

Election—An

election

Co.,

Co., Kansas City, and
Continental National Bank,

facility improvement re¬
venue bonds amounting to $5,000,000 will be submitted to the voters
the

'

Co.,

City National Bank & Trust

Fort

«

'

W. E. Hutton &

water

at

*

Central Republic

Corpus Christi, Tex.

First National
,

Bank,

Chicago,
,
Northern Trust Co.,

1,

;

v

.

"...Chicago,
:
7
7 -"' .7.7 {
;.7;:'7 John Nuveen & Co.,
J
Braun, Bosworth & Co., Inc., .7-0]
7. Bonds Purchased—An
issue of
series of 1945, water works and C. F. Childs & Co.,
"
\
sewer system ref. and impt, rev¬
Hornblower & Weeks,
7
1
enue
bonds amounting to
$50,- Martin, Burns & Corbett,
|
000
was
purchased recently by Newburger, Loeb & Co., and 7;>'■.■/
.

,

v'

Decatur, Tex.

,,

^

Hatcher

& Co., of Dallas,
at a
price of 100.50, a n£t interest cost
of
2.748%, as; follows: $20,000
maturing Dec. 1, $2,000 in 1946 to
1949, $3,000 in 1950 to 1953, as 3s.
and. $30,000 maturing Dec. 1, $3,000
in 1954 and 1955, and $4,000 in
1956 to 1961, as 23/4s. Interest J-D.

R. A. Underwood &

Co.,
.jointly,'. * 7-7::;7 ;■!.
7;
For $2,000,000,, iy2s_„._100.439
(Net interest cost 1.4683%.)

7.

.

Lazard Freres &

El Paso,

Lee

Planned—An is¬
storm sewer,
street repair and airport expan¬
sion bonds amounting to $1,000,000 wil be submitted to the voters
at an election to be held some¬
of

time in

recreation,

July.

;

v

.-

J7

Co.,
Higginson Corp.,

Coffin

7:
-

77'

7

& Burr,

G. Becker &

Co.,

,

.,7.77 -7,..7'

Boettcher & Co.,

Tex.

Bond Election

sue

Co.,

Estabrook &

A.

■

refunds,

~

Worth,

.

■

tax

7

.

C. Edgar Honnold,

Cutler of Chicago.

.

defense

■

-

Rhode

1

■;

—

'

to

Fort

■'

E. H. Rollins &

ex¬

circles, with all but part of

having

Corp.,

in invest¬

bonds

,7

Stone & Webster Securities

The offering

block

tremely well received
ment

Halsey, Stuart & Co.,
Blair & Co. ,Inc.,

syndicate subject

approval of

an election on Feb.
The district has agreed not to

Feb.

government costs

p.

|

^Journal":

7'77- 77.7 7;7V;77'X •'
department bonds.

transaction

is

cago,

*

v

_

Co.,
Robinson-Humphrey Co., of
Dallas, and
State taxes shared with commu¬
Atlanta, Ru9s & Co., of San An¬
nities, such as liquor and horse tonio, Rauscher, Pierce & Co., of Moroney, Beissner & Co.,
jointly,
race
betting, yielded an average Dallas, Fox, Reusch & Co., of Cin¬
For $265,000, 4s, and
of 3.2 to 3.8% of the communities'
cinnati,
Columbian
Securities
$1,735,000, iy4s
-_ioo.on
income, regardless of size, the Corp., of Texas, Dittmar & Co.,
(Net interest cost 1.3153%.)
Council found; but State grants-* both
of
San
Antonio, F. Bert
in-aid, such as for relief, schools Smith & Co., of Corpus Christi, R. Harriman Ripley & Co. Inc.;
and highways were of "far greater J.
;v;
Edwards, Inc., of Oklahoma Mercantile-Commerce Bank ; "
& Trust Co., St. Louis,
importance to
smaller towns," City, - and the Robert Mclntyre
amounting to 17% of all revenues Co., of San Antonio, were asso¬ R. W. Pressprich & Co.,
in the 10 smallest.
.
ciated with the above named in Eldredge & Co.,
the offering of the bonds as fol¬ Illinois Co., Chicago,
Stern Bros., & Co.,
lows: $540,000 maturing March 1,
SOUTH DAKOTA
First National 'Bank,
$30,000 in 1947 to 1952, $35,000 in
Belle Fourche, S. D.
(
St. Paul,
' *
i
1953 and 1954, $40,000 in 1955 and
1 Bond
Election
An ' issue
of
,,
•
1956, $45,000 in 1957, $50,000 in First National Bank,
municipal swimming pool bonds
Minneapolis,
;
1
1958, $55,000 in 1959, $60,000 in
amounting to $50,000 will be sub¬
J. M. Dain & Co.,
\ ,,
.J.¬
1960, as 1V4S, and $1,960,000 ma¬
mitted to the voters' at the Spring
turing March 1, $185,000 in 1961, William N .Edwards & Co.,
election.
7'
and
7: •
' "7'v77'«7;.v47r;7-:;.V: J$235,000 in 1962, $230,000 in 1963.
Elkton, S. D.
$235,000 in 1964, $260,000 in 1965 Smallwood & Co., jointly,f
For $290,000, 4s, and
Bond Sale—The $60,000 sewer and 1966, $275,000 " in 1967, and
69%.

Island, except for relief
777.7 7;7 7 Amarillo, Tex.. ; /
7"'/. vy
f
and debt payments and not in¬
Bond
Election
Planned
and
7
Due from 1949 to 1961.
cluding expenditure of borrowed Bonds Approved—-An issue of
81,400 water works bonds.
Due money, jumped 13.6% in the five
$925,000 various bonds will be
7'
from 1949 to 1964.
submitted to the voters at an elec¬
years from 1940 through 1944.
'7,000 airport bonds.
Due from
This jump, according to a Rhode tion to be held in the near future.
1949 to 1955.
'/J* v' -7 ' / Island Public
An issue of city bonds amount¬
Expenditures Coun¬
1 The next highest bidder was the
cil survey, boosted the average ing to $2,400,000 was approved at
City National Bank, of Lawton.per capita expenditure in 1944 to
the election held' on Jan. 15.
$53.88, which was $3.83 higher
Hooker, Okla. >.
Andrews Independent School
than in 1943. "7
77,77,7/7 V
Bond Sale Details—The $18,000
District, Tex.
Cities and towns in the State
water system bonds awarded on
Bonds Voted—An issue of school
have been spending more money
Jan. 29 to C. Edgar Honnold, of
bonds amounting to $200,000 was
for all purposes except relief and
Oklahoma City, as 2y>s—v. 163, p.
favorably voted at the election
debt
payments, the council re¬
827—were
sold at a price
of
held on Jan. 15.
ported in its second annual com¬
100.11,
and
n>ature $3,000 on
parative analysis of revenues, ex¬
Brenham,Tex.
March 1, 1949 to 1954. Net income
penditures, indebtedness, assessed
Bond
Election — An
issue
of
basis of about 2.228%.
valuations and tax levies of the street
paving," storm sewers and
39 communities.
culvert bonds amounting to $350,Leedy, Okla.
Schools,
highways
and
such 000 will be submitted to the voters
Bond Election Held—An issue
miscellaneous* items
as
civilian at the
election to be held on
of the following bonds amounting

$i3,600

District,
'

ates,

were

the purchase
of ,the Missouri River Bridge by
the
City and providing for an

Rhode Island (State

i

following bonds

amounting to $102,000 and offered
for sale on Jan. 28—v. 163, p. 515
—were awarded to the First Na¬
tional Bank & Trust Co., of Okla¬
homa

RHODE

t

Hobart, Okla.

1

1940

finance

to

and

costs,

was

in

it discontinued the practice

borrowing

ing

than

ordinance calling for

The next highest
Davis.

1945.

of

1945

and

cause

the

Mundt,

Offering—Alfred

1962

have

(Net interest cost 1.097%.)

(Net interest cost

1944

Corpus Christi Independent School

sessed valuation for 1946 has been

March 4 for
purchase of $125,000 park and
playground bonds. Dated April 1,
1946. Denom. $1,000. These bonds
are
due on April 1, as follows:
$6,000 in 1947 to 1961, and $7,000

(Net interest cost 1.08%.) 7

Culvert

Providence increase was
one of revenue expenditures
only;
actually, the city spent less in 1943

Price Bid

and Burrillville to a

the

}£;'[

(Net interest cost 1.10%,)

Bidder

Phelps, Fenn & Co.,
F. S. Moseley & Co.,
Paine, Webber, Jackson &
Curtis,
Shields & Co.,
First of Michigan Corp.,
G. H. Walker & Co.,
Gruntal & Co.,
Cruttenden & Co., and
Rauscher, Pierce & Co.,
'jointly,
!
For $334,000, 4s
$70,000, 3s, $859,000, Is,
and $737,000, iy4s
100.00
(Net interest cost 1.28%.)

Fort Worth National

bids until 7:30 p.m. on

f

decrea-se.

a

as

lows:

$3,000,000 at

City Recorder, will receive
,

First National Bank &

,

fol¬

23,

Salem, Ore.

100.007

Cushing, and 77
Associate

163,

828—were also bid for

p.

Legality
Approved—An
issue of 2y4% and 2%% sewer im¬

rose' $716,000, or 40%.
Per capita costs in 1944 ranged
from a low of $23 in Coventry

77 Bond

(Net interest cost 1.318%.)

First National Bank,

terest cost of about 1.24%—V.

Caldwell, Tex.
Bond

council reported,
Pawtucket,
Cranston
and provement bonds
amounting to
Woonsocket responsible for an¬ $25,000 has been
approved as to
other $990,000. The rest was split legality by W. P.
Dumas, of Dal¬
among other communities, except las. There bonds are dated Oct. 14,
for
Narragansett, which
alone 1945.7 ' " ; "
(The

New

York,
price of 100.069
rates, a net in¬

a

for various couoon

with

showed

of

pense"

purchase of electric light and
plant bonds amounting to

OREGON

;__100.017

—

future.

Corp.,
and Associates, at

Hemphill, Noyes & Co.,
Otis & Co.,

Inc., and
'
Sraall-Milburn Co., jointly_100.016
(Net interest cost 1.268%.)
'

Edwards, Inc., and

election to be

an

near

Securities

to

power

For $150,000 Bonds

voters at

$2,000,000

bonds awarded Feb. 5 to the Union

31%, and the miscel¬
laneous group listed as "other ex¬

sealed

Feb. 18 for the

(Net interest cost 1.238%.)

& Canfield

to the

held in the

Texas

Bids —The

$426,000

receive

will

Clerk,

bids until 8 pm on

R. J. Edwards,

Associate

$1,000,000,7 the

ing to $520,000 will be submitted

Fort Worth,

Other

v.

__

R. J.

vidence alone accounted for about

of construction bonds amount¬

ditures, the Council reported, advancing
$1,300,000 ,or
12%.
Highway
expenditures
jumped

Cushing, jointly —100.00£
$85,000. These bonds were author¬
(Net interest cost 1.238%.)
ized
at
the
election
held on
Evan L. Davis
100.00
Jan. 22.
-

Calvert

Brownfield School District, Tex.
Bond Election Planned—An is¬
sue

of the amount bid.

for 2%

City

f

*

most

$2,000,000

check

Bid

„

for

spending, which
roughly $23,500,000
and in 1944 reached $26,700,000.
The figures do not include relief,
debt
and
water
department
spending.
Of that $3,200,000 increase, Pro¬

responsible
for the biggest increase in expen¬

Price

1

accounted

was

Waynoka, Okla.
<Bond Offering—Nelson J. Parks,

follows:

as

like

increased

1940

and

crued interest.

'

'

fering the lowest rate of interest
agreeing to pay par and ac¬
Enclose a certified

authorized at
Dec. 11,

were

*

$2,000 in 1965.
Bonds
bidder of¬

1964, and

will be awarded to the

cost of 1.054%.

the election held

will

Clerk,

the

and

of the

in

$6,500 water system bonds.
3,500 sewer system bonds.

Tan. 31—v.

on

were

Feb. 11:

Sale—The

improvement

the

at

voters

Ohla.
$225,000 park
bonds offered for

Gushing,

■

955

v

Mullaney, Ross & Co.,
Louis B. Henry Investments,-and
WmfR, Compton & Co., Inc., jointly,
*
•
7
'
For $265,000 4s, $358,000 l%s,
.

and $1,377,000 iy4s -__._100.016
(Net interest cost of 1.3603%.)

THE COMMERCIAL & FINANCIAL CHRONICLE

936

Postponed™—An

Election

voters

election to submit to the voters an

issue of $509,000 school bonds has
postponed, from Feb. 9 to

been

Feb.

of

issue of im¬

an

and - expansion
amounting to $175,000.
provement

District, Tex.
Bond

the

to

School

Park Independent

Galena

23.

bonds

1.68%.

Orange, Tex.
Bonds Voted and Defeated—An

amount¬

issue of fire station bonds

ing

$100,000

to

M-N.

Interest

The

On Feb. 13

District

next

Community

Gregg County, Sabine

(P.O.

Sch. Dist. No. 4

1.218%.

■::

..

Harlandale School District,

Tex.

'

issue of
construction bonds amounting to
Bond Election Held—An

$350,000

- was
at. the

voters
Feb. 16.

submitted

to

the

election

held

on

y.!

^

,

JEJonds To Be Issued—The

$350,-

held recently.

Tex.

54.96, 25th Avenue,

District No.

\

;

Bond

issue

No. 7

of

Bonds

held

To

Issued—The

Be

recently.

$1,-

'

v\

^

as

to

Approved—An

issue of 2 !4 %y 1xk %, and 3 %

court

and

jail bonds amounting
to $1,750,000... that carried at the
election held on Nov. 17, 1945,
house

road
approved

was

These

-

bonds

dated

are

1, 1945.' "/'

Ward

by W. P. Dumas, of Dallas.
bonds

are

dated Dec.

Texas

highest price- offered for bonds
bearing such.rate./* Principal and
sue of hospital bonds
amounting'
interest payable in lawful money
to $300,000 will be submitted to
at the State Treasurer's office; or

of

construction

to

$100,000

bonds

to

be

2.

,

■

;

•

the
on

the

at

c^y

,

;

National

Bank, New

City

bonds

These

York.

issued

are

'f-x7Pulaski, Va.

-■

.

[ Bonds

Voted—An
issue
of
water system bonds amounting to
$550,000 was favorably voted at

known

Constitution

the
;

at

and equipment bonds
mitted to the voters

will be sub¬
at

000,000 State Road Bond Amend¬
ment and under authority of an
Act of the State Legislature, 1945„

Districts,
•

Sold—The

school

bonds

H.

Treasurer, has
following
for

called

1

—

■

.

is

Wash.

the

that

J

Called

Bonds

City

On Feb. 3

as

when

interest,

other

sufficient are

revenues

agreed that, within the limits

L. Collier,

Board

announced

State

bonds

are

,

•

5567, 35th Avenue,

Wrest, et ah bonds Nos. 3 to 45.

of

levied

annually

cause

collected

and
tax

annual

an

State, until this bond is fully paid,
sufficient to pay the annual inter¬
est

on

principal

this bond and the

thereof within the time this

and

due

becomes

bond

than par

crued

interest

will

calculated

be

to

delivery.

Pur¬

be

required to. pay
accrued interest to date of deliv¬
chasers

y;/

Delivery will be made in
New York City.
T^ expedite de¬
livery if desired interim certi¬
ficates will be furnished purchas¬
ers.
In the event that prior to the
ery.

delivery of the bonds, the income
received

by private holders from

and char¬

bonds of the same type
acter shall be

PORT OF

NEW

YORK

AUTHORITY

declared to be taxa¬

ble under present

Federal income
of the

laws, either by a ruling

tax

Bureau of Internal Revenue or

decision of

a

Proposals for Port of New York Authority General and Refunding
Bonds of the ELEVENTH SERIES, Due

1986, (First and Second

Installments), \yill be received by the .Authority
Tuesday, February 19, 1946,

check in the amount of

the result of bids at

or

at

11:00 A.M.

issued,

Director of the

an

of Road bonds alike in all
respects
to this issue at the same

price,

conditions and terms bid for this
issue.

In

the

case

option
exercised,; the iadditional
will

not

be offdred

is

not

bonds

for sale

until

after the successful bidder has had

reasonable

a

opportunity
of this issue.

pose

to

dis¬

CANADA

a

any

income

Federal

tax

certified check

COMPANY
30

or

announce

that

Broad

recently to a,syndicate headed by
the Dominion Securities Corp,, of

163,
p.
828—were
purchased by the group at a price
of 98.63, a basis of about 3.10%.
Dated March
1, 1946.
Denoms.
$1,000 and $500. These debentures
due

are

March

m-s,

Street

C. O,

1964.

Interest

NOVA SCOTIA

;

Windsor, N. S.
Purchased—An

Bonds

:

issue

of

3%

improvement bonds amount¬
ing to $19,500 was purchased on
Dec. 27, 1945 by J. C. Macintosh
& Co., af Halifax, at a price of
101.38, a basis of about 2.766%.
These

bonds

due

are

L

Dec.

on

1946 to 1957.

'

*

Shelburne, N. S.

v

Bonds

Purchased—An

issue

of

3%

improvement bonds amount¬
ing to $10,000 was purchased on
Dec. 27, 1945 by the Eastern Trust
Co. of Halifax, at a price of 101.00,
basis

a

bonds

of

about

due

are

on

2.644%.

Dec.

1,

These

1946 to

1950.
ONTARIO
5

Canada (P. O. Ottawa), Can.

;

Bills Sold—An issue of treasury

bills

amounting to $75,000,000 was
Feb. 7, at an average yield

sold

of

on

0.363%.

These

bills

Dated

Feb.

due

are

on

8,

1946.

May

10,

1946,
Pel ham

Township (P.O. Fan-'
wick), Ont.
Purchased—An

Bonds

issue

of

3%

township bonds amounting to
$20,000 was purchased on Dee. 27,
1945 by Bruns Bros. & Denton, of
Toronto, at a price of 100.08, a

basis of about 2.98%.
due

are

on

Dec, 31,

These bonds

1946 to 1960.

QUEBEC
Coaticook, Que.
Bonds

-

BELL, Secretary.

pursuant to which these bonds

Purchased

—

An issue of

$117,000 3% improvement bonds
was
purchased recently by the
Royal Bank of Canada, of Mon¬
treal, at a price of 101.63, a basis
of about 2.75%, These bonds are
due

'

1,

.

j

Board of Directors of this Company has
day declared a dividend of Twenty
(20)

1946.

Details—The

Toronto—V.

The

21,

(Province of)

Sale

$4,000,000 3% debentures awarded

on

N. Y.. January 31. 1946.

Cents per share on
the outstanding capita!
stock, payable March 15, 1946 to shareholders
of
record at the close of business February

day.

Debenture

law

DIVIDEND NOTICES

this

on

NEW BRUNSWICK
New Brunswick

Federal Court
by the terms

THE BUCKEYE PIPE LINE

$384,000. The Authority will

before 6:00 P.M.

may

of

any

be taxable

New York,

Authority, and of the resolutions
be

shall

on

Copies of the prescribed bidding form, of the Official Statement

to

or

$18,250,000 at the accepted

price. Each offer must be accompanied by

of the

be
one

(EST), Feb. 25, to
additional $1,000,000

p.m.

purchase

will

until

by

at its office, A sufficient number of bonds

will be sold to raise funds in the amount of

are

o'clock

option

an

at. less

1945, past due coupon

before

clipped

7.'

awarded

and accrued interest. Ac¬

from Nov. 1.

s

ap¬

payable.

bonds cannot be sold

The

cashier

for, payable to the State.
;The successful bidder

the

to be

property in the

all

on

of

Works

Public

shall

State

sum

bid

final

Enclose-a certified check for 2%
of the face value of the bonds bid

prescribed by the Constitution, the

payment at his office:

District No.

known

not available for that purpose, it

Seattle Local Improvement

O.

Denver City), Tex.

'■]

and

funds and

WASHINGTON

tion to be held in the hear future.

Sligo Indep. Sch. Dist. (P.

Session,

Regular

sum

U

elec¬

an

Tex.

THE

the

$50,-

as

En¬
y':'>Shamrock, Tex^yy'yy ■<'' an election held recently. These rolled House Bill No. 119, passed
March 3,
;i Bond Election Planned—An is¬ bonds may be placed on the mar¬
1945. : To secure the
sue
of $20,000 hospital purchase ket before end of February.
payment of this bond, princioal
.

Independent

District,

election

future.

under authority of amendment to

amounting

was submitted to
the
election held

School amounting to $300,000 and offered
for sale on Dec. 21, 1945,-: were
Submission of Bonds Approved awarded recently to Vieth, Dun¬
—On
Jan.
14
the
Board
of can & Wood, of Davenpprt, and
Trustees approved the submission Shaw, McDermott & Qoy of Des
Pleasant

the

at

near

is¬

issue

Held-r-An

Election

Bond

bearing the low¬
interest rate and to pay the

est

.'y

;4'.■ {/;'■■,District, TexCM*/?:;: vj:

Bonds

Mt.

furnished. with

W., bonds Nos. 24 to 26.. proving opinion of Caldwell, Mar¬
jInterest ceases on dates called. shall, Trimble & Mitchell, of New
Cash is also available to apply on York, but will be
required to pay
the following matured bonds:
the fee for approving the bonds.

to take the bonds

County (P.O. Monahans),

Bond Election Planned—An

the. voters

These

1945.

15

Feb.

-v

..

to legality

as

$450,000

on

be

N.

-

,

has been approved

to

held in the

Sealy Independent School

Feb.

Legality

ing

sale

2^2%

and

legality by W* P. Dumas, of

voters

Motley County (P.O. Matador),;
Bond

21//4%-

County

600,000 drainage bonds will be is¬
sued as a result of. the election

of

issue

21/2 % school house bonds amount¬

Approved—An

Legality

series of 1945 bonds

Dec.

Drain District
(P.O. Beaumont), Tex.
/

Jefferson

Purchased—An

,

.

Dallas.

v :

.

,

re¬

.

Honey Springs (P. O. Dallas), Tex.
000 improvement bonds will be
issued as a result of an election

Bonds

■

.

successful

♦

•

and offered for
11, was awarded to
defeated:
;: V
•
■<•
-,John Nuveen & Co., of Chicago,
District No, 3444, Nos. 776 to
Rauscher, Pierce & Co., of Dallas, 779 and 781 td" 787 alt., and 789
$ 75,000 swimming pool bonds.
and Barcus, Kindred & Co., of to 813, District No. 4331, Nos. 269
250,000 streets bonds.
:
Chicago, jointly, at a price of and 270.>;
75,000 barge terminal bonds.
108.743, a basis of about 1.753%.
Petersburg Indep. Sch. Dist., Tex. Dated Feb. 1, 1946. Due Feb. 1, as
WEST VIRGINIA
Bond
Legality Approved—An follows: $5,000 in 1947 and 1948,
West Virginia (State of)
issue of 214 %
and 2%% school $8,000 in 1949 and 1950, $9,000 in
Bond
Offering — Clarence, A.
house,
series
of
1945
bonds 1951 and 1952, $10,000 in 1953, $7,Meadows, Governor, will receive
amounting to
$75,000 was
ap¬
000 in 1954, $8,000 in 1955, $9,000
sealed bids until 1 p.m. (EST) on
proved as to legality by W. P. in 1956, $10,000 in 1957 and 1958,
Feb. 20 for the purchase of road
Dumas, of Dallas.
These bonds $11,000 in 1959, $12,000 in I960,
bonds amountihg to $1,000,000, not
are dated Nov; 15, 1945K/;;v.
$13,000 in 1961, $14,000 in 1962,
exceeding 4% interest. Dated May
$15,000 in 1963, $21,000 in 1964,
Port Arthur, Tex.
1, 1945.
Coupon bonds in $1,000
$17,000 in 1965, $18,000 in 1966 denominations
Bonds Voted—An issue of Seaconvertible
into
and
1967, $19,000 in 1968, $30,w a 11
and
Breakwater
bonds
fully registered bonds of $1,000
000 in 1969, $31,000 in 1970, $32,and $5,000 denominations.
amounting to $2,200,000 was fav¬
Due
000 in 1971, $33,000 in 1972, and
orably voted at the election held
$40,000 May 1, 1946 to 1970. Rate
$34,000 in 1973 and 1974. Callable
on
Jan. 26.
The. sale .of these
of interest to be in a multiple of
Feb. 1, 1961. Principal and inter¬
bonds was scheduled for Feb. 5,
Va of .1%
Parts of the issue may
est payable at the Waggoner Na¬
bear different rates.
Not more
but postponed.
-;i
1 ' ' • .
* 1
tional Bank, Vernon. Legality ap¬
than three rates will be consider¬
proved by McCall, Parkhurst &
Schleicher County (P.O.
ed in any one bid.
The bonds
Crowe, of Dallas. "
;
(V
Eldorado), Tex.
will be sold to the bidder offering
bonds amounting to $400,000, were

school
house bonds offered for sale on
Febf
5—v.
163,
p.;
368—were
awarded
to
the
Dallas Union
Trust Co., of Dallas, at a price of
100,102,
a met
interest cost of
1.1086%, as follows: for $80,000
maturing $10,000 Feb. 15, 1947 to
1954, as 114s, and $20,000 matur¬
ing $10,000 Feb. 15, 1955 and 1956,
as
Is. Interest F-A. Dated Feb.
15, 1946. Denomination $1,000. The
next highest bidder was the Co¬
lumbian
Securities
Corp.,
of
Texas, for $100,000 114s, at a price
of 100.175, a net interest cost of
Bond Sale—The $100,000

the

election, be

.

Vernon,

t

on

yV'V,''
time the following

Feb. 2.

At the same

Tex.

Gladewater),

held

election

the

at

enacted,

bidder may, at his

lieved of his obligations under the
contract to purchase the bonds and

District No. 5491, 42nd Avenue,
West, et al, bonds-Nos. 54 to 57. ip such case the deposit accom¬
.'District - No. 5494, West 77th panying his bid will be returned.
Street bonds, No. 1.
The purchaser or purchasers will
;

"

voted

hereafter

No.

5443,' 51st Avenue,
N. E., et al, bonds Nos. 141 to 149.

highest bidder was Paine, Webber,
Jackson & Curtis, for l%s, at a
price of 100.671. ~
'v;"v • •

favorably

was

V

Moines, and Associates, as l%s, at
a price of
100.672, a basis of about

Monday, February 18, 1946

Jan. 1,

1947 to 1958.

Shawinigan Falls, Que.
Purchased—An

Bonds

issue

of

improvement bonds amounting to
$204,500 was purchased on Jan.
16 by the A. E. Ames & Co., and
the Dominion Securities
Corp.,
both of Toronto, jointly, at a price
of 100.66.
These bonds are due

be obtained at the office of the Executive

CANADIAN PACIFIC

Authority, No. Ill Eighth Avenue, New York 11, N. Y.

Nov. 1,1946 to

on

1973.

\

RAILWAY COMPANY
FEBRUARY 15, 194J




Dividend
HOWARD S. CULLMAN,
CHAIRMAN

^

f;

i

Catholic School
Commission, Que.

Notice

meeting of the Board of Directors held
dividend of three per cent, (seveiVvfive cents per share) on the Ordinary Capital
Stock in respect of, and out of earnings for,
the year 1945, was declared payable in Canadian
funds on March 30,
1946, to Shareholders of
record at 3 p.m. on February 25,
1946.
By order of the Board.
FREDERICK BRAMLEY, Secretary.,
Montreal, February 11, 1946.
At

today

Three Rivers,

a

Bonds

a

3%

Purchased—An

school

bonds

issue of

amounting

to

$340,000 was purchased on Jan.
14 by A. E. Ames & Co., of To¬
ronto, at a price of 99.42, a basis
of

about

due oh*

3.05%. These bonds are

$ov.' 1, 1946 to 1965.: