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BUS. ADM.'
LIBRARY
C
1
MONDAY
^3
•
i
2 Sections
in
-
*f+-ww/
,
1
becfion
J2 //«
Reg. TJ. S. Pat. Office
EARNINGS
FOR
6
—^$7,367,495
Net' sales
Other
1947
ENDED DEC. 31,
MONTHS
12,118
££—•
income
subsidiary of Allied Stores Corp., has placed
privately an issue of $2,500,000 1st mtge. 3V2% sinking
fund bonds, due Jan. 15, 1973.
$7,379,614
6,756,506
income
,
sales
of
Provision
and
loss
for
on
depreciation——_L.
incl.
expenses
3,326
investment-—,———
2,746
insurance
life
Fedenl
Net
income
normal
income
State
profit
per
and
$374,536
——;
—.—
366,832
$0.97
share__-_i^--—_—----------
common
1947
BALANCE SHEET, DEC. 31,
used
be
O.
the
for
withholding
payrolls,
payable—trade,
and
$999,441; advances on sales contracts, $595,595;
accrued taxes and royalties, $10,492; Federal and State taxes on income
—estimated, $774,553; reserves for roll adjustments and machinery
guarantees, $163,686;
5%
cumulative preferred stock
($100 par), :
$903,300; common stock
(par value $1 per share), $371,752; capital
surplus,
$466,083;
Earned
surplus since June L0,
1.40 (including
$139,513 appropriated for redemption of preferred stock), $1,584,653;
preferred treasury stock ($1,279,4 shares—at cost), Dr$127,251; com¬
mon
treasury
stDck
(4,920 shares—at par
value), Dr$4,920; total,
$5,843,794.—V. 165, p. 65.
-V
-V'
•
etc.,
Trust
issue.
York
New
been
has
.,/•///:/./,/;/:/ /•■•■
^
The
company
Feb.
on
filed
13
the
with
statement
registration
a
covering 250,000 shares common ($1 par) at proposed maximum
offering price of $12.50 per share.
Company now has plans to spend
about $5,325,000 for television
facilities in New York, Los Angeles,
Francisco
San
will
Shares
Detroit.
and
to -"the
sold
be
with which the company had network affiliation agreements
1943, and to such other persons as may be selected from
time to time by the company."—V. 167, p. 41.
'■
persons
at
Jan.
31,
.
Business
American
Inc.—4V2-Cent Div.,
Shares,
to
20,
estimated to be earned for
deduction of all operating
payments were made; Feb. 20,
4 cents; May 20
and Aug. 20, 4J/2 cents each; Nov. 20. 4 cents, plus
a
special of 11 cents (the latter being paid out of realized security
profits.
,•'/'<
' •/••'
••
t .
'■
As
at the
close of business Feb.
5, 1948, after deduction of the
4% cents dividend paid Feb. 20, the company's as'et value was $3.56
per share, as compared with $3.74 at Nov.-. 30, 1947, the end of the
preceding fiscal year.—V. 167, p, 149.
W
solely
interest and dividend income
ending Feb. 29. after
from
three
the
The
Last,
Feb. 11, arranged to take down an additional $1,000,000 under the terms of its loan agreement.
As of the close of busmess
Feb. 11 total assets were slightly In excess of $39,000,000,
of wnich
be
will
constituted
$30,000,000
and
borrowings,
constituted
rate of 2%
borrowings, all at the
were
31—•
Quarters Ended Dec.
Sales
—————
25%
loss
Net
after
'Adjusted
$17,582
V.
charges——
the
to
the
after
loss
1946
$1,664,524
$1,845,867
29,954
:
!>18,148
r_
.
application
operating
adjusted
—
of
loss
of
carryback credit of
$35,730 for that period.—
a
an
dividend
extra'
of
April
on
1
Oct.
and
1,
1,
tax
receipt
stock
the
To
Increase
addition
sider
CONSOLIDATED
profit after Federal income
Common
shares outstanding
of
notification
of
the New
dividend,
capital
stock
would
is
dividend
The
1948,
On
31,
MONTHE
——
current
——:
liabilities were $2,957,981.—v.
167,
p.
41.
American Aviation, Inc.—To Dispose of Assets of
All
by
accompanied
P.
bills
due
Curb
quoted
payable
In
with
accordance
plan emphasizing
a
the development of the "air
transport" activities of this corporation, the machinery and equipment
of its manufacturing division will be sold by auction on Feb. 26 on the
plant premises in Wilmington, Delaware.
The auction
by the Industriaj'THants Corp. of New York City.
will be handled
American,^/Robert M. Love, President, said, "is primarily a
scheduled air carrier'and, now*„provides direct air mail and air express
"All
service
to
122
points in six
Eastern States."
sion, which was originally set, up to provide
of the company's air transport services, was
the
to fabricate
war
and
the
Navy,
"Along
tions,"
with
air pick-up
and
related
The manufacturing divi¬
for the equipment needs
greatly expanded during
equipment for the Army
\
,
the
Mr... Love
'
continued development of the air transport opera¬
said, " 'All American' will
retain its engineering
department which is now performing research and developmental work
under contract for the Army and the Navy, and the Wilmington aircraft
currently adapting the cross-wind landing gear to various types
the Civil Aeronautics Administration."—V. 166, p. 2409.
shops,
of
aircraft tor
be
to
This company on Feb. 18 reported that its plan for reorganization has
/
been confirmed by a Federal Court in Chicago, 111.
■
The'board of directors is composed of Paul E. Fenton, Huntington B.
Henry,
.
Duncan
has
The latter
J.
Like amounts
166, p. 2657.
Ruling—
by this company of
Exchange on Feb. 14 ruled
the dividend on March
"ex"
March
10
to
of
holders
redeemed
March
1948.—V.
15,
Stock and Bond
Stock Exchange
New
York
Stock
New
York
Curb
monthly highs, lows—earnings—dividends—capi¬
on virtually every stock listed on N. Y.
and N. Y. Curb
Exchanges, 1936 through 1947.
showing
talizations—volume
Stock
Stock
Quotations
•
Yearly (6 issues), $50
f. w. stephens
15 William
Telephone HA 2-4848
St., New York 5
X.
1947
$32,607,813
,
,
Financing—On Jan. 15
Co.—Private
Stove
'
-
•
f
''
'
•«
Period End. Dec. 3lV
t-1
■
"
•'
'
1
•
'■
.
'
,
_
«Jj
<j*
. ^
18,252.674
94,336
rev._
oper.
Oper.
1947—12 Mos.^-1946
J
jj»
1947^Month—1946
revenues
19,005,485 201,854,131 217,500,972
121,688
675,999 ■
732,043
18,158,338
18.883,797
201.178,132
216,768,929
'■,/./■ 12,276,207
12,906,129
145,797,244
145.060,379
2,559,111
3,170,798
27,824,459
38,581,035
3,323,020
37,395,392
2,806,870
49,541,501
revenues
Operating
expenses
Operating
taxes
Net
Stock
Exchange
share
on
March
;
_33
33 :
___.
34
34
Exchange
Los Angeles Stdck Exchange
Stock
Exchange
36 *
St. Louis Stock
had
been
167,
of
per
share
and Wilson as President—
Chairman
Wilson
A.
has
Charles
and
been
P.
Cooper
elected President
and
.
President
since
since
1944
1925,
President
Vice
Executive
and
Vice-President
and
Mr.
Cooper
since
1946,
Vice
Mr.
Presi¬
Wilson
Financial Vice-President since
742.
p.
Co., Inc.—Debentures Placed Pri¬
Tobacco
American
debentures
The
an
35
.
Leroy
of
holders
$9
1922
elected
been
rate
dividend
15 to
of
April
annual
vately—The pompany, it was announced Feb. 17, has
sold to The Equitable Life Assurance Society of the
United States, for investment, $75,000,000 20-year 3%
debentures due Jan. 1, 1968, at 100 and accrued interest,
annum,
Pittsburgh Stock Exchange
has
quarterly
usual
payable
the
including
and
board.
the
1927
since
been
34 '
i
of
Gifford
1946.—V.
v
Gifford
S.
Chairman.
Vice
35 *
DetroiJ; Stock Exchange
Philadelphia
at
27,556,429
33,127,515
156,344,238 191,932,110
$2.25—
the
stock,
the capital
since
of
declared
18
Distributions
15.
made
been
dent
24
29
33
Exchange
Stock
Feb.
on
per
Dividend
Usual
directors
member
had
13
Cincinnati Stock Exchange
Cleveland
;
charges______
Declares
Mr.
(Bonds)
Chicago Stock Exchange
income
oper.
after
Net
a
(Stocks)
Exchange
Boston
subject
are
to
a
sinking
fund
of
$3,000,000
with an option on the part of the company to redeem
per
annually
They may also be redeemed at
the option of the company at any time in whole or in part at a sliding
scale of premiums.
The proceeds of the issue are to be used to reduce
short-term bank loans and increase working capital—V. 167, p.
541.
additional
equal
amount
at
par.
36
.
San
Frafiicisco
Exchange
Stock Exchange
Montreal
Montreal
Curb
36
Stock Exchange
Toronto
Stock
Toronto
Stock
37
Exchange
__38
._
Exchange
38
Exchange—Curb
Section___,._40
42
Markets
Transactions New York Stock Exchange
Transactions New York Curb Exchange
Stock and Bond Averages
Angus Mines, Ltd., Montreal, Canada—Registers
The
SEC
company
covering
Underwriter,
develop
gold
£
24
33
A. P. W.
on
6QO.OOO
A.
James
v.,.//■:
With
'/•"•
filed a registration statement with the
shares of
common
capital
stosk
($1 par).
Robb, New York.
Proceeds will be used to
Feb.
12
"/./.,//'//■'
prospects.
*
/
"
'/
Miscellaneous Features
Products, Inc.—Definitive Bonds Ready—
and collateral trust 20-year 6% sinking
April 1, 1948 (extended to April 1, 1966, with
available for delivery in exchange for tem¬
porary
bonds at the Chase National Bank of the City of New York,
11 Broad St.; New York, N. Y.—V. 167, p. 646.
Definitive
fund
gold
interest
and
,.V
SEC—
24
r
at
first
bonds,
5%),
mortgage
due
are
now
Cover
City Bond Offerings________-_____51»
Redemption Calls and Sinking Fund Notes
44 *
The Course of Bank Clearings....
43
Dividends Declared and Payable
44
Combined
Reserve
Condition
Federal
Single Copy* $10
,
.
1S43
;
■
Gifford Elected Chairman,
Exchange
Foreign Exchange
(in spiral bound book)
,
/American Telephone & Telegraph Co.—Earnings—
167,
Page
New York
State
922 CHARTS
,
notes, due Jan. 1,1963.—V. 166, p. 2554.
as
Coburn Musser and C. L. Von Egloffstein,
elected President; James McDill, Comptroller, and
Secretary.—V. 165, p.. 1182.
Complete Years Covered by These
•
borrowed $5,000,000, under an agreement
with the Prudential Insurance Co., evidenced by 3^4%
Walter
General Corporation & Investment News
Twelve
this
421.
Uncollectible
MacKenzie,
been
K. Hoibrook, Jr.j
of
company
The
Over-the-Counter
/ ' Allied Control Co., Inc.—Reorganization Confirmed—
January—
American
742.
Baltimore
Manufacturing Division—
name
Co.—-January Sales Increased 6.1%-—
declaration
the
York
be
of
~16~7, p7
the
ENDED
1947, the company's consolidated current assets totaled
and
change the
$34,613,155
Month
—V.
have
$10,575,127
—>
116,835
370,836
—
$0.08
to
proposal
a
167, p. 742.
American Stores
In This Issue
;
share
common
per
Dec.
6
on
.
1947
taxes
Net
$6,737,579
31,
:
^
Earnings
THE
FOR
EARNINGS
DEC.
sales
Net
voting
8,000,000 shares.—V.
to
per
Subs.)—Earnings—
(&
Capitalization—
to
to Armco Steel Corp., the stockholders on April 15 will con¬
increasing the authorized common stock from 4,500,000 shares
record
Corp.
Deben¬
company
$2.25
Foods
$30,000,000
proceeds are proposed to be used in connection with
> \
The
both
167, p. 741.
Airline
Mill Co.—Sells
modernization and expansion;
1948.
yekr.—V.
last
cents
of 10
cents per. share,
25
record
Feb. 18, 1948.
//v.:•./;■■
;
',•■■•9 .■£// .'-.ff
The Exchange further announced that certificates delivered
after
Feb.
18
in settlement
of
transactions prior
1o March
11
must be
11,
1947
•
L—d—__ —i
disbursed
Upon
X/;
Associates, Inc.—Earnings—
IN. J.—Extra Div.
Newark,
Co.,
declared
America Meter Co.—Stock Dividend
that
// '
Rolling
Privately—Charles R. Hook, President, announced
that negotiations had been completed for the
issue and sale to Equitable Life Assurance Society of
the United States of $30,000,000 20-year 3% debentures.
Oper;
v
a
Air
have'
to stockholders of record March
payable April 1
annum.—V. 167, p, 41.
per
Insurance
directors
the
After the new borrowing, total assets, at present market prices,
approximately $40 000,000, of which $10,000,000 will constitute
equity.
corresponding week of last year.—V. 167,
: ■^
f'V,/ / '
•/;.' _''/
\ ' ..'' f ■'
; /
12
Feb.-
following
the
year,
and the usual semi-annual, dividend
share
the System Inputs of subsidiaries
kwh., and increase of 29,488,-
1948,
12,
months
expenses.
Fund, Inc.—Additional Loan-*,.
Feb.
over the
tures
In
company,
'"•69,000,000
American
Etc.
the corporation paid a dividend of 4V2 cents per share
stockholders of record Feb. 5,
1948.
This payment was derived
Feb.
On
American
The
kwh., or 14.13%
742;
:: ./■■' / '
000
Inc.—Registers With SEC
SEC
ended
this company amounted to 237,502,000
of
p.
V
week
the
For
of
Co.
,
Affiliated
Weekly Output Increased 14.18%—
property
of
purchase
.
&
Light Co.—To Sell Kansas Stock—
the SEC for authority to seil publicly 250,000
shares of its holdings of the Kansas Gas & Electric Co. common stock.
Company has requested exemption from the competitive sale ruie.
The company has asked
,
"
-
Bank
Nat.onal
trustee
■
the
finance
to
'
American Broadcasting Co.,
Chicago,
$1,109,196; trade accounts receivable (less reserve
$11,500),
$2,180,504;
inventories—at lower of cost for market, $1,199,452; other assets, $33,509; land, $124,892; buildings, machinery,
and equipment, incl. fully amortized war-emergency faciitnes amounting
to $918,408 (less reserves for depreciation and amortization $2,202,746),
$1,034,036; patterns and drawings, $77,825; construction and equip¬
ment installations in progress, $6,186; patents and patent rights (nomi¬
nal amount)
$1; deferred charges, $.3,193; total, $5,843,794.
ASSETS—Cash,
of
LIABILITIES—Accounts
will
230.000
surtax—
outstanding-.—————————
taxes,
appointed
12,500
CONSOLIDATED
payrcll
Commercial
—_
——
Common shares
Earnings
tax
tax—
proceeds
purchased in Cleveland.
MISCELLANEOUS
-
American Power &
Corp.—Bonds Placed Privately—The
Realty
company, a
The
Cost
INSURANCE
-
—-
•
Total
INDUSTRIAL
-
Alstores
(& Subs.)—Earnings
Aetna-Standard Engineering Co.
CONSOLIDATED
PUBLIC UTILITY
-
Copy
a
Investment News
General Corporation and
RAILROAD
Price 75 Cents
1948
York, N. Y., Monday, February 23,
New
Number 4675
167
Volume
Rates
Condition
41
.j
Statement
of
Edward D. Jones & Co.
Federal ;
Banks
Statement
Reserve
Sales
Established
41
of
Member
Banks
of
300 North 4th
44
System.
Capital Flotations for Month of January, 1948
Auction
St. Louis Listed and Unlisted Securities
1
3
_44
1871
St.f St. Louis 2, Missouri
Members
New York Stock
Phone
CEntral 7600
Exchange
St. Louis Stock Exchange
Chicago Stock Exch.
New York Curb
Chicago Bd. of Trade
Exchange Associate
.
Bell Teletype
SL 593
2
THE COMMERCIAL
(842)
Archer-Daniels-Midland
Net
profit
Earnings
-
sharel_,
per
basis
of
chain,
and
distributor of
The
soft drinks. <
corporation's
aidiary
—V.
166,
45;639,671
166,
Privately—
Placed
The
note is
was
$45
and
A,
after fixed charges) for 1947 was $17,294,083.
After appro¬
of $4,123,835 for capital fund, $1,740,757 to general sinking
$7;697,426 to payment of secured and unsecured contingent
ivterest, the remaining available income was $3,723,065. From this,
50% was appropriated to surplus income sinking fund, leaving $1,866,032 available for other corporate purposes.—V. 167, p.
7431
by
"Net
Earnings per
"After
shate^
i__2
Federal
"After
$530,708,
amounted
to
^Preliminary,
taxes.
and State
Cost
$1;47
•
"
equal
to
ended
$0.27
Dee.
.pf
sold
selling,
goods
The
will
U.
industrial member of the University of
Chicago's peacetime .nuclear research program, when it on Feb. 5 in¬
vested $100,000
in the belief that the sciences of radiobiology and
biophysics would aid it in growing better iood products and processing
them more -efficiently.
;;', '%%
''
%,.%
■•%% %"'(%
"As
and
several
have
will
which
went
before
company
whose
the -University,.,
of
will have access to scientific reports three to
it will have an 'inside track' on ideas
it
and. members
patentable,
with
meet
the
Studies,
NOTES—(1)
;
the
staff
scientific
terly conferences at the University."—V. 167,
research
its
of
quar¬
16%
and
Period End. Dec. 31—
$
Cper.
revenues
Uncollectible
$
12,793,973
___—_
oper.
-1947—12 Mos.—1946
1947—Month—1946
Oper.
18,252
26,290
rev.-
taxes ,4_
11,458,469
139,694,485
the
of
9,070,662
*859,324
108.495,779
12,508,565
97,853,111
12,588,150
922,713
.
will
of
L'et
1,537,390
1,528,483
18.690,141
charges,:..
167,
999,071
895,186
13,498,581
the
in
Net
first
transaction
90,000
feet
square
office,
The
profit of this corporation,
reflecting
$661,000,
cut
division
securities
that
and
the
formerly
Blair
the
offset
release of
The
in
this
of
securities
amounted
Inc.,
& Co.,
of $588,000
the
results,
had
year
losses
prices
net loss
a
incurred,
of
floor
of
in
dividends from
investments
on
continued,
report
however,
do
in
"it
and'
not
$300,000
a
possible to determine the part, if any, of such
earnings since acquisition."
When the part
finally determined it will be added to 1947 net profit and the bal¬
applied to reduce the cost of this investment on the Corporation's
ance
;'
The
ship
repair
ferent industries
policy
income.
Inc.,
of
Blair
&
securities
Easin
Iron
Ware,
business.
Inc.
Incorporated,
Dana
135
S.
second-class
Jewel
also
is
Canadian
vending
President
controls
kitchenware
a
machines,
name
made
is
of
Atlantic
manufactured
the
and
Financial
Seibert,
La
On. account
of
St.,
per
year;
in
fluctuations
such
A
con-
wide
sold at
certain
and
procurement
of
99.701
equip¬
%
filed
report
in
with
January
bonds,
income
the Securities and Exchange Com¬
purchased $9,802,000 of general
A, due 2019, at a total cost -of
series
as
Service Co.—Plans
Mexico
Stock—
has filed
Sell
to
the SEC
with
a
v
.
Public
'•>
<
-
outstanding
.
to
Vv>%'
Service, Co.
./
,
__
proposal
Y'])■
/
,
distribute pub¬
to
Service
the
upon
liquidation
in
%',
Federal Light & Trac¬
%
" " ''
'J %
"subject
to be applied by Cities Service
cietentuiv^.—V. 166, p. 2101.
1947 of
market conditions,"
are
Co., Inc.—35-Cent
directors
declared
have
Common Dividend—
cents per share
dividend of 35
a
%
on
the
stock,
Sales Exceed
-4,323
11;913
■.
%■
Feb.
on
a
largely
wages
'
after
final
a
stock
to
31
;
total
The
this
than
amount
The
•
the
for
share
85,904-;..
.',^21,450
"$36,752..%,; $40;987"
holders
directors'
dividend
The
■
the'year;-was
much
as
LP-gas
W.
C.
a
-
,
.
introduced
heaters,, warm
oil
heater,'.
space
sales
projects,
a
new
line
floor fur¬
will shortly
design and
schools are also
pf 'gas
air: furnaces,-and
Extensive
product
and installation draining
> %• 5:h%V/».4..*;,
.
in 1948 compared with large year,"
(President, cautioned.
"Expensev budgets; must be
(profits may .therefore decline.%H6weVef, we expett
reasonable prosperity.'',~-V;;I66, p_.'; 26'5€>-'^.%-V.-%V.
'
may
be
less
Coleman,
and
increased
.
of
water
new
a
research
40 % .oyer 1947, the- exact figure depending
steel, machine tools,-.equipment and business
- V ■.%,?':%
%%
':';%
as
recently
■being carried on. .
"Volumes of sales
,
.
year
of
net
income
increases
from
-in
sources
other
earnings
gross
.
%"C."
-Uniform
'Practice
Committee
of
National:'Association
the
Securities 'Dealers,."Inc., District No. 13, on Feb. ,16. announced: .
• 'All "when distributed" contracts in the common ;stock;j par $10,
settled
year.;
.
introduce
payable in
of record1at 3' p.m.,' Feb.
•
■'• '• :••"! ?:% %
meeting said "the - dividend ■
I9.4T
for
heating
last
to
company
naces,
Ordinary,, Dividend—
3%). or 75 cents
5%
home
appliances
$4,000,000 or approximately $10 per
shares of common stock. It has been
Kuhn
upon the availability
"'conditions.
dividend of
payment ;'of
400,000
pressure
provide
production
year.
exceeded
1947
gas
of
units
than '500,000
more
,1,500,000
,
-6^29%
'
for
outstanding
on
.
produced
nearly
retain in the company ,a major part of these earnings
working capital for rapidly expanding business operations,
said.,• '•% •
•
- •• •
I-.
The corporation is continuing its postwar expansion.
Anticipated
expenditures this year
of $1,500,000
will bring "the total -postwar
oulay for new plan facilities, remodeling and new, tools and equip¬
ment to $4,000,000.
%
'.%,
;\V
-v",
1
Expansion of the company's Wichita facilities will enable Coleman
to' largely centralize manufacturing
operations and accomplish sig¬
nificant cost reductions, it was reported.
Enlarged facilities for the
manufacture pf warm air heating qeuipment are expected to increase
to
Mr.
'260,'082
•
than
more
and
Earnings
Dry
%...%%
the
.
17 reported its total 1947 sales, all divisions,
C. B. Kuhn, Treasurer and Controller, said
doubled the 1946 sales figure.
Feb.
on
$34,000,000,
company
equipment
a
as
company
more
than .railway oper-:
"from' freight' fraffic '
Colorado Central Power Co.—-To Sell Bonds Privately
offset by, (decreases .in passenger; traffic
and by
and the cost of materials and supplies.—V." (167,; liThe company has applied to /(the Colorado /P;. U,C Commission Ifdy.
'
'
'%■
authority to issue $600,000 28-year'first mortgage 2%% bonds, series
V'
V%
only by
Continued
declared
capital
March
issued
making
in
JRy.—75-Cent
9
$34,000,000—Earned $10 a Common
A -v'., ;,
;'
on
contracts
Feb. ;26,
on
and
"1948.
after Feb.
otherwise Specified.
..%. '
Members are
reminded that,
of
•'
Section
5(a)l. of
4V2%
''sold
:
■
unless
v
'-1
National
Uniform Practice Code, transactions in this stock on and after Feb. 26,
1948, will be "ex" the dividend of 25 cents per share, payable March 20,
1948, "to stockholders of record March 1, 1948.—V. .167, p. 151.
under
In
•
shall
"!•
24, 1948, shall/be regular vway,
•
Co.-;
the
The
issue would
Proceeds
will
be
..program.
an
the
1947,
debentures
have
used
to
to
.
John Hancock Mutual Life'Insurance
finance- company's fl948- construction
' j!,
.
June,
$350,000
who
be sold
and
block
additional
are
held
company
by
placed
$2,500,001)-15-year
of
certain
$1,000,000
privately $1,500,000
'bonds
bonds..
Of
officers, and
directors
of
10-year
Aug; .29
debentures,
and
the
on
the
company
convert their holdings into stock. $300,000 was
disposed of by one of the underwriters and the balance of $850/000
has been purchased by White, Weld & Co. and associates.—V. 167, p. 744.
.
agreed
to
%'
(Continued on page 6)
(Reg. iU. S.
D.
Riggs,
Chicago 3,
February 25, 1942,
the
of
sale of
trustee,
as
%'%r-" %%■
proceeds of the sale, to be made at competitive bidding;
1947
at
Central Illinois Public Service Co.—Delivery Ruling—
be
obligation
assume
Patent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y„ Rfictor 2-9570.
Herbert D. Seibert, Editor .and' Publisher; i
Business Manager.
Published twice a week
tevery Thursday
(general news and advertising issue) with a statistical issue on Monday],
Other,
(Telephone State 0613); 1 Drapers' Gardens, London, JE. C., England, c/o-Edwards ■& Smith.
Copyright 1948 by William B. Dana Company.
Reentered
at the post office at New York, N. Y„ under the Act of 'March 3, *1879.
Subscriptions in United States, U. S. Possessions, Territories and Members of PanDominion
of Canada,
$38.00 per year.
Other Countries, $42 00 per year.
,
President; 'William
Salle
matter
Chronicle
for
manufacture
engaged in the
„
$44,494
18,499
"'.%•
increases
743.
on
funds
been
The
Chicago,
with the
'
.Share.—
v 1945
253.860
4,065
'
ordinary
on
possible
ations.
p.
to
company
payable March 5 to holders of record Feb. 27, and
the regular quarterly dividend of 53 Va cents per share on the preferred
stocjc, payable March 12 to holders of record Feb. 27,
%'«
Payments on the common stock last year were as follows: ,March
7, June 12 and Sept. 5, 25 cents each; and Dec. 5,. 50 cents.
r
%
figures do not include allowance'for depreciation.
%•%
'...'
Pacific
statement
3%,
from
"Pop" Corn Sez. Crown
for
process
and
2658.
1948.
A
of
Ware,
acquired
is manufactured for it under contract.
$35.00
NOTE;
Crofoot
popcorn
and popcorn under the
Commercial
William
as
Mr.
share,"
=All
sells
aluminum
kitchenware which
onices:
Crown
were
Viee-President and director of the corporation and
Inc., a new subsidiary set up to handle the corpora-
it under contract,
The
Auto-Vend, Inc.,
all of which
Corp.,
Works.
Auto-Vend,
copper-clad
were
Products
now
Co.,
ton's
«iewel
be. used
to
30,585%%
2,681
—
above
directors
The
23,
647.
.insurance
an
1946
8,845
taxes________;___....,_„
Canadian
per
Co.
connection
a
Coleman
$308,482
$336,361
2,634..4,212
.248,744
expense-*..'.';1" "
expenditure
166, p.
had
conversion company and several others in \dif-f
purchased by Blair last year in accordance with
investments with a view toward stabilizing)
purchased
Multiple
Crofoot,
of
■, •
diversifying
Others
and
and
were
V
',$308,830 '
J
:
subsidiaries.
which represents
books.
for
NOTE—The
—V.
the
This reduced the amount of these bonds
of Jan. 31, 1948.—V. 167,; p. 743. .:.% .-%
-
Co.
The
v
from Atlantic Basin Iron Works, a ship repair .and
in Brooklyn, N. Y., which was purchased for $2,—
early in December, 1947.
It was explained that until
completed their examination of the accounts of .this
is
_________
general
•.Operating profit
Capital
business
have
company,
•its
Provision
more
subsidiaries
include
not
1946
was
way,.. Many
& Pacific KR.—-Equip¬
St. Paul
authorized
6
company
company
common
Ltd.—Earnings—
85,726
Administrative &
received
conversion
dividend
is
and
space
1947
Operating costs
;.
to
satisfactory
the
particularly
mid-year in
started
This net Joss,
$125,000 of excess reserves
069,000 in cash
auditors
by
made
type
milled
ore
production (gross)
Marketing charges
coupled with operating expenses. It pointed<v
all
throughout ,1947.
by receipt
1947
dividend
corporation last
trading and inventory
decline
continued
than
ic
of
S. Government bonds,
in U.
for
income
net
bottling
Metal
for the year 1947, according to a preliminary report signed
Francis V. Keesling, Chairman, and Jonas C. Andersen, President.
under
now
purchase
Co. to retirement of its oatstanuuig 6%
Philadelphia
contain
Tons
program
trust
Trust
&
p.
4J/2%
/.necessary
to $52;000
by
to
Philadelphia—
Canadian Malai-tic Gold Mines,
Preliminary Report—
improve¬
its
wet
and
1947
Quarter Ended Dec. 31—
Blair Holdings Corp.—Issues
the
to",
amounted
summary,
consolidated
the
tion
1946, respectively. ;V
% \
includes provision for depreciation of build¬
31,
13,397,579
247.
p.
in
"
%'
$0.30
$0.42%:
plant, warehouse and garage. f(. Canada
has leased the property for a long term.—V. 167, p. 543.
.%
18,962,015
oper.
after
—V.
income,
above
$627,670%
.
permits
district
Net
and
expansion
Canadian subsidiary,
company's
the
;
under the new Pennsylvania investment, law
insurance firms to erect and acquire property for lease
to industrial and commercial enterprises. •
..»•
'
The new building, expected to be completed within the next year,
129,403,276
10,307,580
expenses
$852,253
.
is
company
.159,390
265,957
12,767,683
revenues
Operating
429,431
:
Mutual Life Insurance Co. plans to erect a bottling plant
Philadelphia, Pa., for Canada Dry Ginger Ale, Inc., at a cost
$900,000.
%
\ ■
%.
This
129,562.666
11,476,721 139,960,442
5.'
Penn
which
Operating
Cr45,169
••
538,755
North
of
$
$
-
holdings of Public Service Co. of New Mexico common/stock
($7 par).
Cities Service's holdings of this- stock amount'to 339,639
shares, or 64% of the total outstanding.
The shares were received by
licly
Cities
in
20%
Dec.
The above summary
The
in
dbout
applied to. the ICC for authority to issue
certificates.
Proceeds from the issue
of new equipment.—V. 167, p. 647.
18
the
Feb:'
in
this
New
The
ings, machinery, equipment, etc.. in. the respective amounts of $137,116
and $100,649 for the three months ended Dec.
31,%'1947 and 1946. ,%
Co. of Pennsylvania—Earnings—
Telephone
Central
or
%%%"'■■f.'/-.*
;151.'
p.
on
Expand Russell Yards—
$2,312,350
a
opened
Certificates—.
167,
:
Cities
$1,011,932
21,174
New Plant to Be Leased in
Bell
Feb.
on
equipment
on
$70,198,000
$1,412,181
Lj'
included
are
considered
towards
Bank
$7,047,817.
1946
-
3,752,894
.-
income
net
ended
months
(2)
743.
p.
accounts
three
depart- "
during
Institute
the
of
ICC
mortgage
of
—
(net)
The
approximately
publication;
become
may
will
Nuclear
for
Chancellor Hutchins
advantages,"
"For example,
months
six
Institute
of
According
4,830,352,
the
for
income
167,
Ohio Ry,—To
-
and
bidding,
be
in respect of not exceeding $5,040,000 2%% equipmentcertificates/series CC, to jbe issued by the Continental iliindiis
mission,
general
!
expenses
period__^____„„_—
Earnings per common share
(after preferred
stock
dividend
requirements)
Net
V.
would
Chicago, Rock Island & Pacific RR.—Reduces Bonds-
743.
an
the
of
member
a
paid.
became
company
334;
p.
competitive
virtually are complete, with preliminary work started in
167, p. 647."; "%
;%■''•
dividends
and
1947» : '
—
deductions
been
Trust
National
$12,-939,077 $10,497,318
6,696,534
5j732,493
Foreign taxes on income
S.
at
which
liability
trust
*
This
has
used
The
and
as'Chairman of the
167, p.
'
income
operating
Income
Plan—
Beech-Nut Packing Co.—Joins U. of C.
sold
bids
owned
company
be
ment
-
Net
principal
mortgage
to
instances."—V.
$1,800,000
$1.76
Inc.—Earnings—
distributing,
administrative
and
a
mortgage
meet
be
165,
and
1, 1968.
The pro¬
deposited witn the. trustee
be
refunding
issue
prinriTil
to
as
./(Chicago, Indianapolis & Louisville Ry.—Equip. Issue-v
/
\
25.—V.
^
Advertising,
31, 1947, net income after taxes
share.
Unfilled orders as of Dec. 31
$15,400,000.—V. 166, p. 1783.
J
months
three
the
For
was
sales
would
would
company
Feb.
Chicago—Chairman to Retire-
3 Months Ended Dec. 31—
Net
which
guaranteed
mature
its
pf
of the projects
(Including wholly-owned subsidiary companies)
-
to
of $37,524,500 first refunding
lr 1949.;,1
"
request
terminal
terminal
______
■
to
program
other
3,448,820
167, p. 646.
director, effective March
as .a
this
Russell, Ky yards, already one of the nation's
and operated by a single railroad, it was
announced
on
Feb. 9.
.1 %;<
The company slated that every phase of operation at the 855-acre
6,346,515
3,510,144
Canada Dry Ginger Ale,
$41,456,000 $17,119,776
*
Net Income
t—___——,. ■ 4,721,1 IT
11,344
Common
shares outstanding
1,979,844
1,813,983
Earnings per common share—A—-$0.87
$0.01
sales
Fet
and
first
Chicago Milwaukee
—5,429,548
Thomas B. Freeman has announced he will retire
board
early
$62,188,897 $55,962,894
charges and taxes.—'V.
Butler Brothers,
1946
stock
common
mature
would
1948.—V.
ment.—V.
fi;
of
under
bonds,
Co.,
compafiy has undertaken
The
largest
,'r
•
Pacific
due Aug.
bonds
plans
9,
ment
Dec. 23, '46
Dec. 27, '47
common
Pri¬
1;.
company.•
outstanding
shares
%;r-
Co,—Issue. Placed
sale
the
announced
Pacific
Chesapeake &
'jointly
Subs.)—Earnings—
(estimated)—
profit
to
mortgage
they
as
4%,
new
March
wood pulp,
sulphate
—
-Common
<804,394%" 1,016,350
v
•
& Power
with other'funds,
Central
bonds;
Pacific
■''•■;/,%"
the property of the
(&
67,059
company's. financing
program
for
this
year.
for "1948 will amount to about" $1,000,000.
been
first
Southern
interest
The
are
sales
1,678,106
.$3,547,080
...
addition
the
has
new
by
together
gold
banks
lending
Burlington Mills Corp.
9
tl947
and
loan.
This $6,000,000.. together with other, .funds, of the
will be used to pay off an existing bank loan of. $4,315,000,
will provide funds for the expansion program and
repaid
67,041
1,442,584
.$3(079,254
-
.$215,782.
743.
p.
under- the
subsidiaries amounting
3 Months Ended—
Dec. 31—
ceed?
balance
the
124,805.
-
105,770
expenditures
program
interest
.
bank
a
company,
in
completes
167,
A
Paper Co. and The Mead Corp., announced Feb. ,17
borrowed 06,000.000, to be used for expansion of pro-•
duction facilities and to repay a presently outstanding bank loan...,
A note for $3,200,000 at 314%
interest, due in -1.963, ;has heen sold
to the New York Life Insurance Co. and $2,800,000 has been obtained
Net
Corp.—Earnings—
Steel
Barium
Years Ended
,
Co.—Obtains $6,000,000 Loan
bleached
of
' $5,225,186
company
fiancing,
$37,396,000
involved in both the new loan land the one
J. P. Morgan & Co. Incorporated, the Philadelphia
National
Bank, Guaranty Trust Co. '.of New
York, and Delaware
County National Bank, Chester, Pa.—V, 166, p/ 664, ■'%:%' %%•%%'>:)'
stock
common
.
2207.
p.
$4,521,838
Central Pacific Ry.—New Financing—
•
has
The
of 6%
shares
shares
Feb.
on
company
29,500
producers
company,
being
filed a letter of notification with the SEC
cumulative convertible stock ($10 par) and
($1 par) issuable upon conversion of
preferred stock.
Underwriter, John B. Dunbar ■& Co., Los Angeles.
Of the proceeds, $100,000 will be used for working capital with
the
balance for construction and development of new items to be added
to the company's line of photographic equipment.—'V.
163, p. 3128.
The
for
88,500
This
month,
by Scott
it
that
additions and betterments -to
'V-
■'%/%•%%'' v
The
owned
Calif.—Files
Burbank,
Inc.,
McAlister,
&
■
166,
"
'
%',-n
248.
p.
$5,119,416
has sold privately to an insurance
company $500,000 2%% first mortgage bonds due 1977.
statement of earnings includes, the met iearn-
conditions—V.
wartime
to
126,368
requirements-
167,
$4;4.94,990
f 26,843
$420,587
$131,591
vately—The
1,381,188
'
Brunswick Pulp & Paper
and
fund and
Bardwell
due
$257,959
dentral -Ohio Light
share on the'1,381,184
shares of common stock outstanding at Dec. 31,
1947. . The earnings
of these subsidiaries were not consolidated in the five preceding' years
.
(Income
priation
With SEC
div.
V.
$4.90
ings for the current fiscal year of three foreign
to $201,068 which is equivalent to T4 cents per
The
,
income.....
in
111.
the
rates
of
exchange,
•
297,374
;%% 6,032'':
\v 851
income
Pfd.
;
$7,045,621
$2.66
charges and reserves.
all
NOTE—The -foregoing
the
on
$3,942,810
1,381,184
$0.78
1,381,184
$0.61
'v.v
' 318,322 ;
$257;i08 " j $414,§05
deductions..fl...,.
Net
,,
—V.
$1,143,138
1,381,188
$911,211
——
126,560
income.V'
'
.
1947—12 Mos.t-1946
1947—3 Mos.—1946
share—
per com.
"After
convertible 4 Va % income bonds.
Company announced that net income for Jan., 1948, was ap¬
proximately $900,000, or about $100,000 less than for the correspond¬
ing month last year.
This was despite an increase of nearly $3,000,Goo in railway operating revenues, which were more than $31,000,000.
"This
showing,"
the
announcement
said,
"indicates the wide¬
spread curtailment of business in the territory served by this railroad
because of the abnormally severe winter weather, and also the sharp
increase in the cost of running trains resulting from the same cause. .
The increase in operating revenues of nearly
$3,000,000 was almost
completely offset by the increase in expenses."
The directors ascertained in accordance with provisions of the m- •
dentures dated March 13, 1946, that the company's available income
curies
Total
cumulative preferred
Subs.)—Earnings—
(&
Co.
outstdg...
shares
Earns,
contingent interest on the company's bonds on
payments ..per $1,000 bond. will be $30 on the
pay
Gross
1
;%%•%' %
than (taxes
'v'Net Oper)
y;%l,
$ 1/453,74$ $17,433,857 ;$1G,159,563
895,712.
11,121,358
9,365 725
* -T16,401'
1,499,187
1 377 048
1,323,962
'Non-oper. income (n'efc)_*;v
from
profit
Com.
April 10.
The
refunding and
general mortgage 5% bonds, series G, K and M; $36 on the refunding
and general mortgage 6%- bonds, series J; $10 on the first mortgage
E%
bonds, series B;, $15 on the Southwestern Division 5%
bonds,
to
r
syndicate; headed by
stock was priced at 90%.
The
Sherrerd.
&
Bristol-Myers
1947 income
appropriated $7,697,426
18
■;
Corp.—Preferred Stock Offered—A new '1
Period End. Dec. 31—
Interest—
from
Feb.
1948.—
March 9,
-on
•
proceeds
"Net
Ohio RR.—To Pay Contingent
on
.$1,736/960.
munic:'taxes.'
'Construction
cepting for a $10,000,000 junior note held by the Mutual
Insurance Co. of New York.—V. 166, p. 2094.
directors
held
be
(other
Co.—Earnings-
1947-—Molith— 1946'''**• 1947—12 Mos.y-1946
-■'
% ">h, ..income29,330 ;: '•; %27,128
the sale of ' this stock wiT by used in part
to liquidate a note in the amount of $130,000 held'by "the parent
.company, -General Waterworks Corp.
The remainder will >be expended
for general corporate purposes.—V.
156, p."308.
subordinated to other borrowed funds, ex¬
Baltimore &
will
meeting
and
Fed.
h
■
,
share.
Net
Life
The
of Los
Other members of the offering group indude Battles & Co., Inc.; Wegener & Bal-y, Inc.; Minot,
Kendall & Co. Inc., and Southern Securities Corp.
announced Feb. 19, has sold to
Fenn Mutual Life Insurance Co. of Philadelphia $5;0OO,000 10-year 3%% subordinated note, due Jan. 1, 1958.
it
company,
annual
State
Stores, Inc.,. .food
AngeleS, bottler and
'Lucky
are
Co.
2554.
p.
Butcher
per
Investment 'Co.—Note
Associates
The
-
-.%•%'y
-.
Holdings
issue of .3,000 shares ($100 par) 5%
stock was offered Feb. 20 by a
$
$
$
45,775,489 142,339,972 141,950,574
$
subcompanies-p. 1990.
Sales reported by
Blair
•„
1948—12 Mos —1047
1948—3 Mos.—1947
of
PepsinCola' -'Bottling
,-
V.
Corp.—Quarterly Sales-
Goods
y;
..
subsidiaries
Other
store
Boise Water
Dry
Period End. Dec. 31-
of
^'conditioning -'unit/
depreciation and #11"' income taxes.
Provision for all income
taxes, war refund, amounted to $4,400,000,
IProv.ision for all income
q id
excess profits taxes, after deducting for postwar,refund, amounted
to
$2,450,000.
§After
depreciation and all income taxes.
Taxes
amounted to $4,544,000 in 1946.—V. 167, p. 150.
Associated
Central Maine Power
of this product is ant'eipated,'.The report stated, on
which have* been received from department stores
orders
number
a
Monday^. February 23-1948
%%',%
•
expense?_____
"After
period End. 'Jan. 31—
,%%'*■-,
key cities in the United States.
Multiple '•-Products'*; ,-Operating
'revenues-.^.
Corp. is engaged In the development of a 'small low-priced portable air-, .
Operating
in
§$4,730,355 §$5,372,009 $$1,768,799 "$1,383,508
1,634,748
1,634,748
1,634,748
544,916
<
$2.89
$3.28
$1.08
■
$*2.53
______
outstanding
Saares
the
1944 ''
1945
.1946
acceptance
sumer
(& Subs.)—Earnings—
Co.
1947
G Mos. End. Dec.,31—
CHRONICLE
FINANCIAL
&
remittance
for
foreign
subscriptions
and
advertisements must be made In New York funds.
...%
'
;
.
Volume
THE COMMERCIAL
Number 4675 ".
167
The
FINANCIAL
&
(843)
CHRONICLE
Capital Flotations in the United States During the Month of January
'
Total
20-year sinking fund 3Vs % notes; $15,000,000 Potomac
Power Co. first mortgage bonds, 3% series of
financing, both new and refunding,
of January aggregated $367,439,374.
This
in amount since August, 1947, when $304,-
corporate
for the month
is the smallest
261,824
and $12,000,000 Sterling Drug, Inc., 3% sinking
fund 15-year note.
'
;
Issues placed privately during January comprised 15
The January total compared with
reported.
was
' ':
last.
2%% sinking
Credit Co. 153% unsecured loan; $25,000,000 Allied Stores Corp.
Sinclair Oil Corp. 25-year
$50,000,000 Commercial
$50,000,000
fund debentures;
year
Otis &
1
•
Win.
due
Power
1978.
Total
.1 New Capital
-
'
■
by Lehman Brothers;
Hayden, Stone & Co.
>•
,series
due
A,
?
:
ments
and
Placed
January_'_—
367,430,374VC 7 260^9*48$,^ iC&.bdis,204'" 364-744,693
2,590,000
364,849,374
—;—
February
180,343,822
_
•
March _7.
i
__ _
n
Co.
surance
253,874,054
7
318.978,811-
307,169,645
697,736,056
Offered by
-int.
78,214,460
'-454,528,580
289.889,643
392,762,791
'■
188,633,528
213,807,327
671,103.991
350,651,431
Second quarterSAii.:
•
,
:
.
,v
•
_
..
.
.
„
820,545,112J
606,543,042
369,051,533
-304,261,824
367,632.081
380.544,595
171,098,753
451,493,579
104,757,061
146,341,925
898,474,568 <392,874,893 i'l,291,349,461
907,782,367
702,592,565 1,610,374,932
483,316,787
__-i-
*123,226,255
,
•
156,800,417,' 147,461,407
258,357,364
12^,187,231
Augu.st-li.-__
September!—-i™.---;Third quartern
472,389,142
.317,440,678
■
v
2,012,654,879 2,814,846,834 4,827,501,713
1,278,977,625. 4,036,019,016
2,757,041,391
■
Nine months™-:—™
.
,
665,211,295
793,083,035.1,414,518,213- 2,207,601,248
•
v
October
November—
470,278,199
270,684.761
589,877,742
598,947,623 rtV- 75,922,920 A 674,870,543
926,167,615
December
Fourth
quarter
Twelve
„
86,315,940
676,193,682
804,521,175
series E,
& Co.;
A. C.
Allyn Si
Inc.;
Inc.;
Co.;
Fahey, Clark & Co.; Ferris & Co., Inc.;
Corp.; First of Michigan Corp.; Folger,
&
Glore,
Ripley
Forgan
Co.,
&
Co.;f Hayden,
MiQer &
The Wisconsin .Co.. and Dean Witter & Co.
Stubbs;
10,000,000 Northeastern Water Cot 5% sinking fund collateral trust
7"''?>+''•!' bonds, due Jan. I, 1968. Purpose; payment of bank loan
! 77 used in purchase of stock of American Water Works Co.,
272,781,782 1,824,567,968
1,551,786,16o
243,118,879 2,238,512,516
343,853,111
73,166', 350
113,297,492
691,223,683
1,009,294,814
-tfi 83,126,999
1,995,393,637
months-™
554,347.159
84.068,960 ;•
'
bonds,
& Co.; Goldman, Sachs & Co.;
Inc.; Harris, Hall & Co. (Inc.);
Stone & Co.; Hemphill,
Noyes: & Co;; Hepry Herrman & Co.; J. J. B. Hilliard &•
Son; Hornblower I & Weeksp W. E. Hutton «& Co.;
Tho
Illinois'Co.; Undiahapblis Bond and Share Corp.; Johnston,
Lemon & Cd.; Kalb, Voorhis & Co.; Kalman & Co., Inc.;
Kebbon, McConnick & Co.; A. M. Kidder & Co.; Kidder,
Peabody & Co.; Kirkpatrick-Pettis Co,; Kuhn, Loeb &;
Co.; W.? C. Langley & Co.; Lazard Freres & Co.; -Le»
Higginson Corp.; ;Lehman Brothers; Laurence M. Marka
&
Co.;
Mason-Hagan,
Inc.;
McDonald AfCo.-f Merrill
Lynch, Pierce, Fennel- & Beane; Merrill, Turben & Co.;
F. S. Moseley & Co^; Maynard H. Murch & Co.;' The Ohio
<Co.; Paine, Webber; Jackson & Curtis; R. W. Pressprich
&
Co.; Putnam & Co.; Smith, Barney & Co.; Stroud &
Co., Inc.; Tucker, Anthony & Co.; Union Securities Corp.;
G. H.' Walker & Co.; White, Weld & Cot; Whiting, Weeka
Harriman
lHayden,
,1,856,566,^1V'iS6ilG2;732;2,7^669,555 1,104,872,512'2,112,254,269 3,217,128,781-
i-ll-n-
Six months--—!.
July™——'
314,559,864
1,106,589,565'.St611,519,659. 1,718,109,224
•
Stanley
Morgan
Boston
First
Nolari Inc.;
859,737,519
518,608,778
531,164,539
732,416,105
&
The
682,652,434
319,497,872
3}/a %
Co. Inc.; American Securities Corp.; Blyth & Co.,
Bosworth, Sullivan & Co.; Bramhall, Barbour <fe Co.,
1,009,525,533
376,314,120
„
June—.7
•,
1,026,560,331
7.7
mtge.
Brown; & Sons; Butcher & Sherrerd; Chaplirl and
!;"-7>CoV;.' Clark, > Dodge & Co.; Cooley & Co.; Dominick &s
Dominick; (7?he Dominion Securities Corp.; Drexel & Co.;
436,672,668
211,666,667
April--™
?;
274,583,073
>
'
..
Telephone Co. ref.
Estabrook
751,977,258
First quarter—™—.
Harris,
Alex.
271,362,410
47,616,401;.
•
yield
due Feb. 1, 1978.
Purpose, repay short-term notes borrowed towards construction purposes.
Price, 101.43 and
-
'>71
311,789,477
211,267,388
139,824,303 >•' 450,548,250
V;!:
i'ZV'Zty"
129,503,023
130,923,5661
310,723,947"
..__l-l-_
.
to
Electric Association 20-year sinking
bonds, series B, due 1968.
Purpose,
acquisition
of
stocks
of
constituent
companies.
Sold
privately to Travelers Insurance Co. and Aetna Life In-
$
119,204,001
134,670.053!
Priced
through
privately
bond::,
property improve2.95'^ to maturity.
Hall & Co. (Inc.).
Purpose,
1976.
1,
extenson.
"5,225,000 New England Gas &
,
fund collateral 3'/a%
Total
$
$
Jan.
*
-
/
Refunding
Capital
New
Total
Goldman, Sachs & Co., and
Telegraph Co. 1st-mtge. 234%
"1,000,000 Lincoln Telephone-&
+1946-
Refunding
Co. 1st mtge. bonds, 3%
series,
construction.
Price, 100.75 and inf.
Light
&
Purpose,
VOffered
7
-41947-
'
Co.
Hornblower & Weeks; The Illinois Co.;
E. Pollock & Co., Inc.; R. W. Pressprich
and. Edw. Lcyber Stokes & Co.
8,000,000 Dayton
FIGURES BY MONTHS 1948, 1947 AND 1946
-1948-
Refunding
Capital
New
Offered
Co.; L. F. Rothschild & Co.; Stifel, Nlcolaus & Co., Inc.;
&
.-Vi'V'!':
of the January,
& Co.;
Co.;
60,000,000 New York
SUMMARY OF CORPORATE
1st mtge. bonds, series
Purpose, expansion,
etc.
by Halsey, Stuart & Co.
(Inc.); Gregory & Son, Inc.;
1977.
1,
int.
Republic
Central
Hallgarten
,
issues included in our month's total
New York Telephone Co. refunding
mortgage 3Vs% bonds; $40,000,000 Southern California
Edison Co. first and refunding mortgage ?>Vz% bonds;
and
102.365
Inc.,;
Municipal financing for January aggregated $115,984,-
principal
$60,000,000
Price,
Sept.
due
'
763, compared with $101,461,908 for December and $225,793,864 for January, 1947. Of the total, $114,287,748 was
for new financing and $1,897,015 for refunding.
Below we present a tabulation of figures since Janu¬
ary, 1946, showing
the different monthly amounts of
corporate financing. , Revisions of the 1947 figures may
be necessary, particularly as additional private financing
is brought to light.
"V".';'V
The
are:
'
separate issues and footed up $164,285,000, or 44.7% of
the month's total. This compares with 41% of the total
reported in December, last, and 47.5%
1947, total.
/!•;'
3%%,
B,
1986,
$1,009,294,814 for December last and $364,744,693 for
January, 1947. Of the total for the month, $364,849,374,
or 99.30%, was for new money purposes
and 0.70% for
refunding. Thus, the trend of financing held to the same
pattern for the 17th month, showing new money greater
than refunding operations, with the exception of May,
UTILITIES
PUBLIC
$10,000,000 Central Illinois Public Service Co.
Electric
'
Price, < 100 and int.
Offered by W. C. Langley &;
The First Boston Corp.; Glore, Forgan & Co.; GoldSachs & Co.; Harriman Ripley & Co., Inc.; Stone &
Webster Securities Corp.;
Union Securities Corp.; E. H.
Rollins & Sqns Inc.; Bond & Goodwin Inc.; Estabrook &
1
■
3,564,441,065 3,087,628,616 6,652,069,681
4,752,435,028 1,522,096,504 6,274,531,532
I™—--
Inc..
man,
.
■
Financing
Treasury
Total
.
14 that
be re¬
dated;
15, 1941, and the 2%% Treasury Bonds of 1948-51,
There
16, 1936.
are
now
outstanding $1,115,367,-
for
163,669,000
&
special
of
64,190,000
192,669,000
Life
1
Fund,
Below
tions during January
7
•
.
■
1%%
of Series
Certificates of Indebtedness
Treasury
ers
Treasury Certificates of Indebtedness of Series
of
the
in
B-1948,
$3,946,660,000,
of
amount
.
Outside
the
of
above
confined
on
the
the
*
'
.Inc.
We
present
now
our
'*
f
STATES
Amount
Due
Dated
j
1,303,405,000
99.762
Jan
2
Jan
1,914,793,000
1,305,222,000
Jan
9
Jan
1,447,250,000
1,003,366,000
99.753
*0.976
15
Jan
22
Jan
91
1,539,292,000
1,002,890,000
99.752
99.750
1,001,464,000
2,590,718,000 100
*0.990
days1
Jan
13
Jan
23
29
91 days
Dec
19.. Jan r; 1
1 year
•
;;
days •
2,590,718,000
10-12 yrs.
Jan
Jan 1-31
Jan
12 years
9,824,000
9,824,000 100
Jan 1-31
Jan
2 years
143,294,800
143,294,800 100
1
:•
770,153,343
770,153,343
•
'"
a
a
_
2
January!
9,130,337,143
and
York
trust
•
to
'• &
;
•'
1
;
2.95%
&
Dated
-
Co.;
lock. &
Refunding
Accepted
v
day Treas. bills
1,303,405,000
1,301,348,000
8
91
day Treas.
bills
1,305,222,000
1,303,754,000
91
day
Treas.
bills
1,003,366,000
&
.,^77
•
A;'-
>. 7 5:
■
"
3%
Jan
22
91
day
Treas.
bills
1,002,890,000
29
91
day
Treas. bills
1,001,464,000
1,001,464,000
Jan
1
Ctfs.
2,590,718,000
Jan
1
U.
2,590,718,000'
770,153,343
bds.
Total
for
January
First
Weeks;,
Michigan
of
Cleveland
&
Corp.;
Co.;
Mason*
Mullaney,
and F. S.
& Co.,
7
^
-
•
Co
jnc>.
Moran
Ross
&
Co.;
&
Al-1
Co.;
Purpose,
Mexico 1st mtge. 3% % bonds,
repay
bank
loan.
privately
Sold
to
Co. and New England
!:;7^7 7;.!':7
,
-''7 77V
Co. 1st & ref. mtge. 3!/a%
Purpose, retire bank loans,
improvements and extensions. Price, 102.187
and int.
Offered by Halsey, Stuart & Co. Inc.; AllisonWilliams
Co..;
Almstedt
Brothers;
American Securities
Corp.; Amott, Baker & Co., Inc.; Arnhold and S. Bleichroeder, Inc.; C. S.I Ashmun Co.; A. E. Aub & Co.; George
K.
Baum &
Co.; Bear, Stearns & Co.; Stockton Broome
Co.; Byrnham ar.d Co.; Burr & Co., Inc.; Byrd Brothers;
Cha'ce, Whiteside, Warren & Sears, Inc.; City Securities
Corp.; Clayton Ssecurities Corp.; Cooley & Co.; Courts
& Co.5; R. L. Day & Co.; DeHaven & Townsend, Crouter <to
Bodine; Dempsey & Co.; Detmer & Co.; Dick & Merle1
"
Smith; Dreyfus <fe Co.';
Elklns, Morris & Co.; Fauset,
7 Steele & Co.; The First Cleveland Corp.; Graham, Parsons
&
Co.; Green," Ellis & Anderson; Gregory & Son, Inc.;
Harrison & Co.; Ira Haupt & Co.; Heller, Bruce & Co.;
7 i
Hill & Co.; Hirscli & Co.; R. H. Johnson & Co.; Kalman
& Co.
Inc.; Kean, Taylor & Co.; Ketcham & Nongard;
,D.
Ai Lomasney & Co.; Mason, Moran & Co.; Wm. J.
Mericka & Co., Inc.; E. W. & R. C. Miller & Co.; Minsch,
7'77'■
■.jMonell■ & Co.; Mullaney, Ross & Co.; Nusloch Beaudean
& Smith; Alfred O'Gara & Co.; Otis & Co.; Paine, Webber,
x
Jackson & Curtis; Roger S. Palmer Co.; Patterson, Cope&
'
'
,
7
Priced to yield from 1.50% ;
maturity.
to
Becker &
q
^
Hornblower
9,824,000
143,294,800
8,203,540,000-
Co.;
.
-
,
v
'
&
R.
&
Inc.;
Illinois
Inc.;
Co.,
L.
Julien
Mullaney,
$23,560,000
S. Yantis
&
Day
Offered
by Halsey,
.
7
!f!
;
!
■7-7:77f
•
Stuart
Co.
Weeks;
7, '
Equitable Securities
Inc.;
Otis
&
Co.;
Phelps,
First of Michigan Corp.;
Fenn
Freeman
Co.;
The
Co.;
The
Milwaukee
Wisconsin
Hirsch &
Co.;
Co.;
Co.;
Wm.
£r>:-y%r*fr\
•
•
land & Kendall, Inc.; Paul & Co., Inc.; Peters, Writer Ss
Christensen, Inc.; B. W. Pizzini & Co., Inc.; Wm. E. Pollock & Co., Inc.; R. W. Pressprich & Co.; Putnam & Co.;
Rand & Co.; Rotan, Mosle and Moreland; L. F. Rothschild
& Co.; Salomon Bros.
& Hutzler;. Scott & Stringfellow;
Shaughnessy & Co.- Inc.; Stern, Frank & Meyer; Stifel,
Nicolaus
&
Co., Inc.; Stix & Co.; Edw. Lowber Stokes
Co.; Walter Stokes & Co.; J. S. Strauss & Co.; Stroud &
Co., Inc.;
Thomas & Co.; Weil & Arnold; Wheelock &
Cummins,
Inc.;
White, Hattier & Sanford; Harold E.
Wood & Co.; F. S. Yantis & Co., Inc., and Yarnall & Co.
William
&
Co.;
Mason,
Schwabacher
Moran
Alfred O'Gara
& Co., Inc.
&
&
Co.;
El
Blair
Swiss American
Collins & Co.; McMaster Hutchinson &
Ross
Miller & Co.;
F.
.
926,797,143\
Co.;
The
Cleveland Corp.;
!;
770,153,343
v
■' 7'
7
9,824,000
<te
,Corp.;
.
143,294,800
9,130,337,143
1978.
-
,
Yantis & Co., Inc.
& Co.; R. W. Pressprich & Co.; L. F. Rothschild & Co.;
&
1,002,890,000
Jan
notes-
Hornplower &
Inc.;
The Milwaukee Co.; Wm. E. Pol¬
Julien Collins & Co.;. Schwabacher &
Hutchinson
according
Pollock
•
Savings
First
The
Gregory & Son,
1,003,366,000
S.
'
v..7
1,468,000
15
Tax Antic'n
Service Co. of New Hampshire 1st mtge. bonds,
C, 3Vi% due 1978.
Purpose, construction. Price,
and int.
Offered by The First Boston Corp. and
acquisitions,
'■
to
7
Jan
Depositary bonds-
Inc.;
Son,
&
'■:«! P°se, purchase of equipment,
■
Jan
Jan
Priced to yield from 1.50%
Offered
by Halsey,
8,280,000 .St.-:,Louis-San Francisco Ry. 2%% equipment tfust cer7" 'tificates series' A due annually Jan.
15 1949-1963.
Pur-
2,057,000
Jan
Corp.
"
*
indebt.
equipment
1949-1963.
Pur-
Co.;
Inc.;
( ':';..;;';:>^.i;..fred O'Gara
Indebtedness
90
of
Union Securities
40,000,000 Southern California Edison
bonds/series A, due 1973.
FUNDS
2
Jan
;:
i
2%%
RR.
Feb. 1,
maturity.
to
Gregory
Co.
McMaster
New
and
Electric
'
b
,
Total Amount
%
according
Freeman &
Corp.;
;
•
A.' G. Becker & Co.,
Co.;
Oiis
:
Corp.;
discount basis at
Type of
Security
Hartford
&
annually
due
-'[l I '■ Stuart & Co. Inc.; R. W. Pressprich & Co.; Bear, Stearns
"Average rate on a bank discount basis, a Comprised of three sepa¬
rate series, of which series E have 10-year maturity, are sold on a
OF
--.ii
privately.
Haven
certificates,
'
7>
USE
certificates,
Awarded to Gregory & Son, Inc. on bid of
placed
New
pose,-purchase of equipment.
-
t.
-•),
75, and yield 2.90%'; series F have a 12-year maturity,
are
sold on a discount basis, at 74,: and yield 2.53%; and series a
have a 12-year maturity, are sold at 100,
and bear 2Va% interest,
b Comprised »f separate issues, designated Treasury nctes of tax series
C-1947, C-1948, C-1949 and C-1950.
Series C earnings about 1.07%.
trust
'
Co.;
Total for
Co.
&
Mutual Life Insurance Co.
.
,
equipment
Purpose, purchase
X, due semi-annually 1948-1957.
99.3537
.6,480,000 New
lVa
..
Jan 1-31
.
:
*o.98i
1,546,942,000
91
«r,
/>
.
Otis & CO., Inc.; R. W.
Co. and McMaster, Hut-
equipment
RR.
Central
of equipment.
r
*0.950
91 days
8
days
due
,
*0.952
99.760
90
Bioren
Coffiir & Burr, Inc.
"'".J'
Co.
.ichinson &
series
Yield
$
'■
_
2
•
"■.S^OO.OOO Illinois
1,635,902,000
i
Jan
26
1948
Price
''
due semi-annually July 15, 1948-
Stuart & Co. inc:;
& Co.; The Illinois
Halsey,
Pressprich
Amount
Accepted
Sons;
ar.d
John Hancock Mutual Life Insurance
15, 1958; Purpose, purchase of equipment. Priced to
yield from 1.40% t& 2.95% according to. maturity. Offered
;
DURING
Edwards &
Co.; Arthurs, Lestrange & Klima;
"1,00Q,000 Public Service Co., of New
Jan.
by
Applied for
Date
Offered
Dec
FINANCING
RR. .2%%
Western
trust certificates series G,
(
(i,
usual tabulation:
TREASURY
equipment trust certificates,
•
"
v
UNITED
3,000,000 Public
,
1,600,000 Delaware, Lackawanna1 &
sale of Treasury bills, Savings Bonds, Tax Anticipation
Depositary Bonds.
G.
1
^
usiial weekly
1
Notes and
A.
Edison Co. 1st mtge. & collateral trust bonds,
series, due Jan. .t, 1978. Purpose, repay bank loan,
Price, 100.486 and int. Offered by Harriman
series
series X due annually Feb. 1, 1949-1958. Purpose, 'purchase
of equipment.
Priced to yield from 1.50% to 2.75% ac¬
cording to maturity. Offered by Salomon Bros. .& Hutzler;Drexel & Co.; Union'Securities Corp., and Stroud & Co.,
;
in
Department
Treasury
Later
[
$4,600,000 Baltimore & Ohio RR.. 2 Vfe%
,
operations to
its
Bodine;
102,915
The results of this offering will be given
in these columns next month.
January
maturing
(Issues Maturing
RAILROAD
,
Feb. 1, 1948.
&
Power Co. 1st mtge. bonds, 3% series
due. 1986.
Purpose, construction, etc.
Price, 100.99 and
int.
Offered
by White, Weld & Co.; Salomon Bros; &
Hutzler; Dick & Merle-Smith; Equitable Securities Corp.;
R. W. Pressprich & Co.;
Francis I. duPont & Co.; The
Milwaukee Co.; Stroud & Co., Inc.; Weeden & Co., Inc.,
and! Baker, Watts & Co.
7.
7
!
Than Five Years)
,
,
,
<
and Notes
Bonds
Long-Term
St.
Brown & tSons; Graham, Parsons- & Co.;
Stein Bros. & Boyce; Stroud & Co., Inc.;
Burnham
Co.;
Ripley
Capital Flotations
During January, 1948
exchange basis, par for par, to hold¬
on an
Co.;
15,000,000 Potomac
.
,
B-1949, open
&
3]/8%
:-;'7
the Federal Reserve Banks, of
20 the offering* through
Horn¬
Metropolitan
Co.;
construction.
including every issue of any kind
Details of New
&
4,000,OOQ Potomac
brought out in that month.
Secretary of the Treasury Snyder announced on Jan.
Blair & Co., Inc.;
Co.; Buckley Brothers; Richard W.
Cunningham & Co. Inc.; R. H. Johnson
& Co.; E. W. & R. C. Miller & Co.; Moore, Leonard &
Lynch; Singer, Deane & Scribner; Walter Stokes and Co.;
Stix & Co.; Thomas & Co., and Geo. G. Applegate.
&
give complete details of the capital flota¬
we
Inc.;
Hutton
Clarke Corp.; S. K.
Corporation.
Insurance
Croilter
Wurts, Dulles &
'
Insurance Fund, National Service
Deposit Insurance Corporation, and
Federal
and Loan
Savings
Alex.
Co.;
Riler
;
Life
Government
System,
.Insurance
Federal
Townsend,
&
series
to
Savings
F.
Mackubin, Lcgg & Co.; Laurence M. Marks & Co.; Pacific
Co. of California;
Harold E. Wood & Co.; Baker,- Watts
4
certificates and notes; certificates
Adjusted Service Certificates Fund and Unemployed Trust Fund
and notes to Federal Old Age and Survivors Insurance Trust Account Civil
Service
Retirement
Fund,
Foreign
Service
Retirement Fund,
Canal Zone Retirement Fund. Alaska Railroad Retirement Fund, Postal
sales
W.
Maynard H. Murch & Co.; Starkweather & Co.;
Whiting, Weeks & Stubbs; Bacon, Whipple & Co.; DeHaven
;
$1,223,495,850 of the 2%% bonds:
900 of the 2% bonds and
/
22,190,000
256,859,000
January..
"'Comprise
sold
1948, are called for redemption on that date. These is¬
sues are the 2% Treasury Bonds of 1948-50, dated March
March
135,859,000
and Co.
Allyn
Weeks;
&
Louis Co.;
,
,
29.000,000
•
the United States on March 15,
at the option of
V
42,000,000
C.
A.
blower
$
71,000,000
Notes
1, 1948, the balance
\
The Secretary of the Treasury announced No v.
the bonds of two outstanding issues which may
Co.;
Net Issued
JanuaryCertificates
being retired in cash.
deemed
Retired
$
in
$3,134,197,000, .which matured Jan.
-
-
subscriptions were received and ac¬
cepted to the offering of Series A-1949 one-year 1%%
Treasury Certificates of Indebtedness offered in ex¬
change par for par to holders of Treasury Certificates
of
Indebtedness of Series- A-1948
in the. amount of
$2,590,718,000
FINANCING
Issued
Dec. 30 that
The Treasury Department announced on
v
♦INTRA-GOVERNMENT
January
in
(
Co.;
'
tRevised.
& Co.;
The
Co.;i
First
Co.; E. W. & R. C.
Thomas & Co., and
'
$157,225,000
OTHER
INDUSTRIAL
AND
MANUFACTURING
Co. convertible sinking fund
1959. Purpose, retirement of
Price, par. Offered
by Pacific Coast Securities Co.
$100,000 Arizona. Welding Equipment
6% debentures, due Dec. 1,
bank
loans,
increased working capital.
"Represents issues placed privately.
Y Pnnfmnorl
nn
nQtfo
8
O
O
8
>
o
>
o
o
8
o
H-I
CO
93,450. 81,25710 1,78 250
176,45 30
Relundi g 7,10 0 60,58370
137,68 0
30,750 14,6310 7,290
16,350 20,642710 1,781,250
38,7 350
24,"73^ 1 12,70
5073~ 240 7,21,03
32,970 3
$
$
—194
Capit l
S
New
Total
$
265,3870
Relundi g 246,17 30 32,7 472
-
196, 50 12,31497
"
1
278,9 72
7
-
19,20 17,"649728 7,21,03
4,07 931
74,2150 1678T360 68,45374
Reiunamg 61,09 58 547^8934", 210, 0
Total
$
19,204 1
745,0 0
134,67053
New
Total4
$
297,60 4,50,0 8.095,80 53,91 768
39 ,0 0
178,125
Capit l
New
Total
CFOORRPEIGANT,
-1948
lO jU O
325,740 20,64 8 20,953 26
uncling 2,590, 0
New
$
10 ,0
32,150 20,64 8 20,953 26
2,43 50 10,5 0 90 ,0 15.784 50 10.38,90
158,937 0 72,950 3,0 0
50,0 265,3870
5,0 ,0
Refundi g 14,57.30 71,620 30. 0
246,1730
5,0 ,0
$
Capitl 14,380 1,30, 0
$
/
50 ,0
3,0 0
New
3,50 , 0 74,2150
Refundi g i,80 756 25,049.58 25,0 . 0 6,250, 0
61,09 58
$
$
-1946—
Capitl 6,870, 0
1,0 ,0 1,745,12
8.398,27 32,7 472
19,324 0
39 ,0
178,125
364,7 693
21,50 0 10,932073
260,9 48
20,8350 214,86791
Total
58,015 0 15,984^763
367,49374
364,89374
'
_
41,90 1,697,015
16,075 0 14,287 4
44956,,2217015 fbSuoatnndyiedss
-1947
ONCITSUOSRFNEHPAIOFWEAERD
s
1,038 0 179,65 04 6.870. 0 69,21590 37.450 81,64.1 35.20 6,250, 0 14,538 0 253,87405
5786 7590 58,104 13
7,1 ,910
21,043190 36.450, 46,89541 10,2 0
s
$
CAGHRAONRUPDTINE Refundig
1,20 , 0
$tCapi l 23,560 '157,20
New
215,490
23.560, 157,2 0 16,50 0 50, 0 260, 0 78,20 0 325,74 0
-1948
s
12,5461 6,870. 0 •21,0439 450. 0 48.395 10.2 ,0
37
10.671,90
134,6705
2,53410 31,2 76 5760 ,0 5,82782 62,584693 27,80 71,83410 2.50, 0 193.2617 I7o 6O 25,0 0 12,68 2 364,7 693
18,25410
76,0 0
18,3014 *2,154 0 3.0 ,0 2,01 0 8,70,0 25,0 0 2,960, 0 103,85204
5,82,82 4,254 89 27,80 29,680 19,50 0 17,24067 570 ,0
1,540, 0 1,540, 0
New
Total
»
2,960, 0 2,960, 0
2,30 , 0
Capit l 27,80 25,40 0 19,50 0 140,9 0
487 40 35,209 1 25.0 0 6,250, 0 3.86,390 19,204 1
4,50 , 0 4,50 , 0
82,54 10
$
278,9 72
4,07840 10,597623
27,80 49,30 0 2,50 0 162,04 0 80,"700o725,0 0 2,30,0 297,60
Refundi g 23,907 0 3,0 ,0 21,94510 8,70 0 25,0 0
8,398,27
14,5730 76,20 49,324 0
65,12 590 36,450 56,849.164 10,2 0
3.50, 0 13, 5412
New
41,0843 l7 570 io7" o7 57,8340 158,937 0 7,950 74,0843 0 0,_175", io,5~b7o 32,970 3
2,084203 I7i 5,0 0 17601,725 24,860931 14,380. 1,30, 0 25.034,203 17 5,0 2,To"l728 4,07 931
19,20
6,870, 0 4,80,0 I7o "o76 o 26,7950 25.0 0 6,250, 0
Total
1,90,0 38,73 50
-1
-
$
-1945
42,350 25,793864
2,590, 0
$
Rei
Capit l
SOUM AFRY
$
215, 490 1,540, 0 5,948,0 37,2946
12,84 50 10,3890
Total
68,431748
103,85204
Refundi g 82,54 10 2,960, 0 2,147,80 16,82304
»
1,90 , 0 16,350
&
$
—1047
3,50,0
>. 90 ,0
F"*16534921,10,4385307,,282767FGtftolernmhvauBfdoRDngrieccvpmaollsipermyuskndt.JYOTMAENIUVHRES
GFFFLAYOTMMIJNOVUAEIENHRVCUNRMPRDESGLT,
Capitl 13, 5412 52791,267 68,3574
$
to
60,5830 5,0 . 0 40 ,0 0 32,18 0 45,0 5,1C07 0 137,68 0
4,280 31,4576 7737od7b,
10 ,0 0
10 ,0 0
5,475,6 0
260,948
34.870,28 I7IHI7I 1,248,69 41,59437 23,560 162,80 65 51,370.28 5O. O0 260, 0 79,4869 367,49.374
1,390, 0 2,590, 0
1,20 , 0
15,30 0 50, 0 260, 0 76,810 32,15 0
10 ,0 0
10 ,0 0
5~475,60
9,68,2
34,870.28
1,248,69 41,59437 23,560 162,80 65
1,390, 0 2,590, 0
50,17.028 50, 0 260. 0 78,05 69 364,89374
OFJANURY bonanodtesds stock stock bonanodtedss stock stock boannodtedss stock stock corp ate
foreign- Governm ti"IBntearanoklforegoviegrnmnt Gaagnvdcie,nsaoLM.un&icpal—tS.es,SPotsaeeisn toal fidnignculuorodeest OJMANOUNFTRHY NBotoeasn—ndds utiles ecscototpeall,,, manufctres oies indamuansnuftrcdtrlig bueiltdcn.gs, •—! Ihtntrrvoeaulsdtsminng,,Miscelanous SNBhoootaretn-sTde-sm utiles seccotoeptall,,, manufctres oi indmaaunsnuftrcdtrlig bueildtncgs, :' Ihtntrvroaeulsddtsmiinnngg,,,Miscelanous M- utiles secctofopetall,,, manufctr.es oi indamuasnnutfrcdtlrig "buildentgcs, Intthvrreoausldtdmsiinnngg,,,Miscelanous utiles stel,"cceooptalr,, mnuf acesori.!^ indamuasnnutfrdctlrig bueildtncgs, Ithtnrrvoaeusldtdsmiinnngg,,,Miscelanous csoerpcuraitt,—_e
MONTH
D—Corp ate omestic- Long-term Short-em Pref red Com on Candian- Long-termShort-em Pref red Com on Other Long-term Short-em Pref redCom on Total Can dian
Grand
Other Farm
*
United
*These
/
Long-Term Public Iron, Equipment Maontodrs Other
Land, Rub er
Ship ing
etc. 1—_ etc. etc. etc.
-•
Equipment and
1
Public Iron, Motors Other Land, Rub er
Stocks-
Railroads Public Iron, Equipment Maotnords Other
Land, Rub er
Ship ing
Total-
Railroads Public Iron, Equipment Moatnords Other Land,'Rub er Ship ing
Oil
Total
00
CO
03
15,830 4§,o 75
~
S
-1946
e
cr
5,10 , 0 7,10 0
$
29,0 0 2,912,0
New
1,50 , 0 98,6749
a>
CL
83,06350 10.5,0 5.90, 40 ,0 0 47,96 450 10,3890 45,0 760 7,0 756 176,45 30
New
253,87*405 "' 30,6450 71,3478
Capit l
$
3
27,86 450 10,3890 045,0007
Capitl 10,50
641,720
•
7,0 ,0 93,450
s
$
26158,977594,890112
o
Refundig 5,0 70 40 ,0 16,0 0
-194
195,460 2,5340 496,8372
$
-1945
M
tr1
10,5 0 5.90, 0 40 ,0 20,1 0
Total
30,750 38,6 871 20. ,0
Total
o
8
HH
i-3
CO
•'
Corp. -20-year promissory
not-d,
■
77;'.7
*7'7,7-.7 7. \'7V' i
fund debentures,
in part 'cost of I
new
plant, working capital.
Placed privately.
,* r
Sterling .Drug Inc. 3% sinking fund ■ 15-year note, due
Feb. 1, 1963.
Purpose, pay bank loan and increase working."capital; Placed privately with hew York Life Insurance Co.
through Eastman Dillon & Co.
; / .
'
; v;
7,
v
,
serially
due
*12,000,000
7"\
Manufacturing Co: 5% sinking
L>b2-L>7p.
Purpose, pay
*400*000 Miller
v;v :.
■
■
-
$2),
Purpose,
Placed
program.
1st
mtge.
due
July
Mt.. Olivet Church (Minneapolis)
sinking fund (3-3 (4-3 xl\ % bonds,
1949-Jan. 1, 1963).
Purpose, repay loans,,
Price, par and interest. Offered by B. C.
Lutheran
serial and
$260,000 Evangelical
1,
construction.
Co.
&
Ziegler
MISCELLANEOUS
.
■
'
of
Placed privately with
fund
with
corporate
Purpose, refunding
Company;
&
($1,390,-
privately
Placed
($610,000).
purposes,
Life
Mutual
3'/2%
1963.
Murch
H.
&
Co.
,
;:;j;
$78,200,000
Including
and
UTILITIES
PUBLIC
Co.
Service
*$100,000 Public
Up to
and Notes (Issues Maturing
Five Years)
Bonds
Short-Term
Carolina 5% ,sinking fund
of North
due 1951.; -Purpose, liquidate bank loans and
capital.
Price, par.
Placed privately through
debentures,
working
Paul
Co.
&
STOCKS
(Preferred stocks of
ferred
stated par value are taken at par, while pre¬
par value and all classes of common stock are
a
stocks of
no
at their offering
computed
prices.)
UTILITIES'W.%
-VPUBLIC
300,000 Lock
Price,
improvements.
$25
per
share.
by
Water Service Co., Inc. 10,000 shares of 6%
preferred stock (par $25).
Purpose, acquisi¬
of properties.
Price, $26.50 per share.
Offered by
Eankers Eor.d Co. and Smart & Wagner.
Offered
stockholders.
to
subscription
for
(13,790) offered
$20.25 per share by The First Boston Corp.; Alex. Brown
& Sons; Auchinclo-s, Parker & Redpath; Johnston, Lemon
& Co.; Folger, Nolan, Inc.; Goodwyn & Olds; Mackall &
Cce; Ferris & Co.; Robinson, Rohrbaugh & Lukens, and
Robert
Jones
C.
&
&
1,350,000 DeWalt, Inc. 90,000 shares of common st'jck
'
7 "Price, $15 per share.
Offered by Reynolds &
;777: Baker & Co. Inc.;. Battles & Co., Inc.; Bond
777
;
.
Furniture, Inc. 100,000 shares of 6% cumula¬
preferred stock
(par $5)
and 100,000
common
stock
(10c
par).
Purpose, pay for
of
shares
Securities
Co.
&
Co.;1 Stein
&
Co.,
7'7;7:'y.
82,560 Kerr
stock
per
9,038,348
Equipment Co. 2,000 shares of common
$1).
Purpose, working capital.
Price, $8.75
Offered by Pacific Coast Securities Co.
Welding
(par
share.
Armstrong
Cork
of
shares
88,179
Co.
preferred
(convertible)
struction and expansion.
cumulative
$4
Colonial Finance Co. (Lima, O.) 3,000 shares of 4^4% pre¬
stock 1947 series (par $100). Purpose, business ex¬
stock
by McDonald & Co.
share. Offered
and Otto Fuerst & Co.
Purpose,
E. Burnside & Co., Inc.
by Willis
stock
capital
of
shares
80,000
Ltd.
Corp.
'
by stockholders.
Unsubscribed
by Smith, Barney & Co.; Kidder,
& Co. Inc.; Drexcl & Co.;
Graham, Parsons & Co.; Harri¬
Kuhn, Loeb & Co.; Lehman
& Lynch; Morgan, Stanley &
Co.; Reynolds &C0.; Singer, Deane & Scribner; Stone
<fc
Webster Securities
Corp.;
Stroud & Co. Inc., Union
Clark
&
Sachs
&
88,000 Goldfield
common
Read
Dillon,
Co.;
Goldman,
and
Securities
856,950 Budd
Clarvan
stock
common
A
pansion.
stock
common
Price,
(no
$7.50.
per
par).
share.
(par
Co.
$5).
Price, $37 per share.
shares
20.000
(Atlanta)
Purpose,
construction
and
of
&
Co.,
.
..
Norris & Hirschberg, Inc.; Wyatt,
and Varnedoe, Chisholm & Co., Inc.
296,090 Craddock-Terry
stock (no par).
$48
per
'
Corp.
6,168%
shares
of
&
common
Purpose, reduce bank indebtedness. Price,-.
Offered for subscription by stockholders.
by Scott, Horner & Mason.
share.
Underwritten
-
Shoe
Neal
Inc. 20,000 shares of common stock (par $2.50).
Purpose,
plant ccn~truction, etc.
Price, $15 per share.
Offered by Reynolds & Co.;
Amott, Baker & Co.y^nc..;
300,000 DeWalt,
Battles
&
Co.,
Inc.;
Bond & Goodwin
Inc.;
J.
W.( Brady
&
of common stock
(par
&
Smith
D.)
(C.
Peters,
by
(par $50).
bank
of
Writer
&
$50
Christensen,
$1).
corporate
Purpose,
Offered
ginson
Maynard
by
Murch
H.
(par
per
92,500 Talon, Inc.
Offered
share.
$37
Price,
&
Co.
7
stock (par
$8
per
and
Lee
Government
and
46,032 Valcar
Agency
.
Issues
7 '
mon
400,000 Wolf
'
-
-
debentures,
Price,
New
dated
refunding
pose,
Credit
par.
York.
Feb.
Offered
;
2,
Banks
1948,
($41,940,000);
-.7...
by
7
Charles
.'-w':
due
new
R.
$1).
Price,
$8
per
12,500 shares of common
share: Offered by C. E.
Co.
consolidated
1.55%
Nov.
money,
Dunn,
1,
1948.
2,500 shares of common
Offered by
share.
per
Securities
Hig¬
777
Intermediate
Inc.
-
7
"(par
7 '>7
Pur¬
($16,075,000).
Corp.
agent,
„-'.v
(Indicates
and
Associates.
Inc. (Nevada) 2,192 shares of com(par $10). Price, $21 per share.
Offered by
Enterprises,
stock
&
$1).
&
Talbot.
.Dessauer. Co.
Prioe, $8
50,000 shares of common stock
share.: Offered by Maynard H
per
Murch & Co. and Lee Higginson
$27,592,122
fiscal
,-±
stock (par $5). Price,
Elyth & Co., Inc.
681,750 Torrington Co. 18,000 shares of capital stock (no par).
Price,
$357/s
per share.
Offered by Stone & Webster
J
share.
Corp.
Loan
7
7
&
Unterberg
Hannaford
Farm
shares of common stocl:
Offered by Blyth
share.
per
Textiles,
Stern
&
stock
•
cumulative
$1,248,696
$58,015,000 Federal
$52%
Price,
Inc.
Co.,
100,000 Stern
& Co., Inc.
Inc.'
purposes.
11,000
Corp.
Lighting
par).
working capital and
Purpose,
Price,
loans.
'
stocl'
Blyth
working capi¬
1,500 shares of 5'/2%
Drug Co.
$1).
'V
Inc.
Co.,
580,250 Pacific
205,696 Wolf & Dessauer Co. 25,712 shares of common
ex-
Offered )by The Robinson-
Inc.;
1,462,860 Pacific Gas & Electric Co. 40,635 shares of common
(par
$25).
Price, $36 per share.
Olfered by
of
refine
to
:
.1
Boettcher & Co.
Offered ty
Corp. 75,000 shares
Stadium
retirement
shares
Humphrey Co.; Courts & Co.; ClemeimA. Evans & Co.,
Inc.; Johnson, Lane, Space & Co., Inc.; J. H. Hilsman
Waggoner,
mill
:
.75,000
Purpose,
Publishing
stock
shares
280,000
buiid
Purpose, construction costs of stadium,
$1).
preferred stock
of 5% cumulative preferred
working caoitai. Price, $100
Offered by Heronymus & Co.
$100)..
740,000 Constitution
Nevada
Co.
Morgan
150,000 Islip
options.
525
Corp.
(par
share.
Per
stock
under
Issued
52,500
share.
per
&
of
Purpose,
tal. Price, $2 per share. Offered by E. P. Frazee
114.2G0 shares of
corporate
purposes.
Co.
35c
Co.
5c).
(par
11,400 shares of common stock (par
share. Offered by Doolittle & Co.
-
(no
Corp.
Purpose,
Mines
Deep
stock
Price,
ore.
Co.;
Ripley & Co., Inc.;
Brothers; Mcore, Leonard
man
'
'7.i-«7 •'
class J
& Beane.
99,750 Ohio-Apex, Inc.
Price, $8.75 per
subscription
for
Fenner
(par
Purpose, to raise additional capital.
Price, $2 per
share.
Sold privately to a single purchaser for investment.
of
Offered by Cooke,
Price,
par).
$1).
shares
1,000
Co.
$15 per share.
Price,
i 7
Newberry Co. 8,840 shares of common stock (n i
$30 per share. Offered by Merrill Lynch,.
J.)
(J.
265,200
stocl
Scott,
Inc.
Refrigerating
par).
(no
Pierce,
*160,000 Eureka
Price,
Lucas.
stock (par $1).
Stores, Inc. 90,000 shares of common
working capital.
Price, $3 per
270,000 Dee
Corp. 35,000 shares of common
$12.50 per share. Offered by
Hotel
Mason,
&
15,000 Merchants
ferred
stock
(no par).
Purpose, con¬
Price, $102.50 per share. Offered
(39.490)
shares offered
Peabody
& Co.; The First Boston Corp.; Blyth & Co., Inc.; E. W.
■77
Manufacturing Co. 110,080 shares of common stocl:
Price, 75c per share. Offered by Carr & Co.
437,500 Lynchburg
(par
$1).
&
17,500 Arizona
,7 ''
$1).
par
;7
9,000 shares of capital stocl
share. Offered by Hallgarten
T Motor Car Co.
Price, $18.50 per
$2).,
CO.
Corp.
pansion. Price, $100 per share. Offered
& Boycc; Straus & Blosser;
Wagenseller & Durst, Inc.
Bros.
and
Inc.,
tl66,500 Diamond
(par
Poliai
Strouc,
,
Horner
$300,000
Co. 0
Minto
California;
MISCELLANEOUS
& Co.
Marshall & Co.; Moore, Leonau.
Morgan & Co.; The Ohi« Co.; Pacific
Henry C. Robinson & Co. Inc.; Sills,
Inc.; Skall, Joseph,
Miller & Co.; Smith,
Lynch;
&
&
j
$34,870,028
Price, $5.10 per unit of one
share of
preferred and one share of common.
Offered
by Gearhart & Co., Inc.; Herbert W. Schaefer & Co., and
Comstock
'.Inc.; Henry
Richards & Co.; Maxwell,
capital, etc.
working
plant,
Co.; Burr & Co., Inc.; Cohu & Torrey
Co.; Doolittle & Co.; H. L. Emerso <
Fahey, Clark & Co.; M. M. Freeman & Co..
Herrman & Co.; Hill, Richards & Co.; Kay.
& Co., Inc.;
'
•
convertible
tive
(par $2.50).
Co.; Amott
& Goodwii
Inc.; J. W. Brady &
Crowell, Weedon &
7
common stock (par $1).
$1.25 per share*. Offered
Placed
loans,
MANUFACTURING
.
Co.;
preferred
A
Writer &
Peters,
The Robinson-Humphrey Co.; Edw. Lowber Stoke
and Walter Stokes & Co. and Webster & Gibson
Inc.;
'7
Union
$5,475,650
$510,000 Americana
'
-t,
share.
Sons SO,000 shares of $4 cumulative
Jtock (r.o par).
Purpose, pay bank
increase working capital.
Price, $100 per share.
privately with
an
institutional investor through
Squibb
R.)
(E.
series
AND
per
of common stock (par $1).
Price. $2 per share. Offered
75,000 Seal-Peel, Inc. 60,000 shares of
Purpose, working capital. Price.
by A. H. Vogel & Co.
Co.
INDUSTRIAL
Christensen, Inc.; Stix
:;7& Co.; Sutro & Co.; Walter & Co.; Amott, Baker & Co.,
Inc.; C. C. Collings and Co., Inc.; S. K._ Cunningham &
Co., Inc.; W. L. Lyons & Co.; Perrin,- West & Winslow,
Co.
&
Hague
$20
Frice,
etc.
and
.
Kirkpatrick-Pettis Co.; Miller,
Inc.;
Co.,
&
Co.;
&
&
*9,000,000
OTHER
Space
Kenower
Haas.
Smith,
by
Corp.;
Lane,
partici
America 24,000 shares of 5% cumu¬
stock (par $12.50).
Purpose
of chattel mortgage, pay taxes
capital.
Price. $12.50 per share.
Offered
100,000 Planet Corp. 50,000 shares
Furpose, corporate purposes.
by
at
shares
Unsubscribed
stockholders.
Co. 450,000 shares of capital stock (pa.
Olfered by The Flrt.
Co.; • Goldman, Sachs i.
Co.; Hallgarten & Co.; Hornblower & Weeks;«E. H. Rollin
&
Sons,
Inc.;
White, Weld & Co.; Blair & Co., Inc.
Hemphill, Noyes & Co.; A. M. Kidder & Co.; Dean Witte:
&
Co.;
A. C. Allyn & Co., Inc.;
Central Republic Co
(Inc.); Drexel & Co.; ochoe.ncopi, Hutton & Pomeroy, Inc.;
Tucker, Anthony & Co.; Dick & Merle-Smith; Equitabk
Securities Corp.; The Milwaukee Co.; The First Clevelanc.
Corp.; Granbery, Marache & Lord; Maynard H. Murch
& Co.;
Pacific Co. of California; Stiiel, Nicolaus & Co..
Inc.; Bacon, Whipple & Co.; Julien Collins & Co.; Fahey,
Clark & Co.;
Harwell, Chapman & Co.; Hirsch & Co.;
Johnston, Lemon & Co.; Kebbon, McCormick & Co.; Mc¬
Donald
&
Co.;
Reynolds & Co.;
Shields & Co.; Sills,
Minton & Co., Inc.; Stern Brothers & Co.; Stroud & Co.,
Inc.; Dittmar & Co.; Glover & MacGregor, Inc.; Newhard,
Cook & Co.;
Bioren & Co.; Cooley & Co.; J. M. Dain
& Co.; Francis I. du Pont & Co.; MerrFl, Turben & Co.;
Newburgcr & Co.; F. S.
Smithers & Co.; Wheelock &
Cummings, Inc.; Harold E. Wood & Co.; Yarnall & Co.;
Clement A. Evans & Co., Inc.; Green, Ellis & Anderson;
Hallowell, Sulzberger & Co.; Townsend, Dabney & Tyson;
C.
S. Ashmun
Co.; H. F. Boynton & Co., Inc.; Brush,
Slocumb & Co.; Chace, Whiteside, Warren & Sears, Inc.;
Hannaford & Talbot;
Jenks, Kirkland & Co.; Johnson,
$20.50 per share.
Glore, Forgan &
Price,
$20).
Boston
payment
capital,
1
,
Edison
9,225,000 Detroit
Offered
by F. S. Yantis & Co., Inc.; H. M. Byllesbv & Co. (Inc.);
O. H. Wibbing & Co.; Stirling, Morris & Bousman; Herrick, Waddcll & Coy Inc.; Detmer # Co.; Mason, Moran
& Co.; Hicks & Price; W. L. Lyons & Co.; ^Martini: Burns;;
& Corbett, Inc.; Mullaney, Ross & Co.; H. O. Peet & Co.;
Stix
& Co.;
Shillinglaw, Eolger & Co.; Hannaford &
Talbot; Wilson-Trinkle Co., Inc., and Lentz, Newton & Co.
Securities Corp.
share
T.
Ray
working
1,700,000 Washington Gas Light Co. 85,000 shares of common stock
(no
par).
Purpose,
construction program.
Price, $20
per
working
by bmith, Barney
Price, $11.50 per share.
Co.
Stone &
den,
of capital stock (pr
Co. 20,000 shares of capita
Offered by Hay
Fibre
Diamond
(par $5).
stock
1,000,000 Old Poindexter Distillery, Inc, 50,000 shares of 57
con-.
vertible cumulative preferred stock
(par $20). .Purpose,
reduce bank loans, carrying and
adding to inventories,
cumulative
tion
expenses,
and
265,000 Kentucky
The
'
Jaffray & Hopwood; R. W. Pressprich & Co.; Rite.
Wm. C. Roney & Co.; E. H. Schneider and Co
Shuman, Agnew & Cc
Continental
230,000
preferred
conveitible
pay
by
Offered
Co.;
325,000 Clinton Industries Inc. 10,000 shares
$1).
Price, $32'/2 per share.
Oiiered
Co. and Newhard, Cook & Co.
of
Corp.
Nut
lative
100,000 Inter County Telephone & Telegraph Co. 4,000 shares of
5% cumulative preferred stock (par $25)^ Purpose, prop¬
erty
.
Smith, Barney & Co.; Williai..
Boyce;; Stone & Webstc
Inc.; Spencer Trask & Co
Tucker, Anthony & Co.; Union Securities Corp.; G. I.
Walker & Co.;
Watling, Lerchen & Co.; The Wisconsi.
Co.; Dean Witter & Co. and Wurts, Dulles & Co. »
pating stock (par $3).
Purpose, purchase of machines
working capital. Price, $3 per share. Offered by Carr & Co
Peabody & Co.; W. C. Langley & Co.;
Moroney, Beissner & Co.; Rauscher, Pierce & Co., Inc.;
Rotan,
Mosle
and
Moreland; Milton R. Underwood &
Co.; White, Hattier & Sanford, and White, Weld & Co.
Florida
& C,
Illini
The
R. Staats Co.;
Stein Bros. &
Securities Corp.; Stroud & Co.,
,v
Stiver & Co.; Shields
Manufacturing Co. 100.000 shares of class A
300,000 Kerr
Kidder,
Inc.;
Co.;
&
Skall, Joseph, Miller & Co.;
Co.;
Ohio
Co.
&
Utilities Co. 272,852 shares of common stock.
Purpose, finance construction program.
Price, $12.50 per
share.
Offered for subscription by stockho'ders.
Unsub¬
scribed
(9,113) shares offered by Stone & Webster Secu¬
rities
Corp.;
Blyth & Co., Inc.; Bosworth, Suilivan &
Co.; Coffin & Burr, Inc.; The First Boston Corp.; First
Southwest Co.; Glore, Forgan & Co.; Harriman Ripley &
$3,410,650 Gulf States
Co.,
Hutton
E.
Herrman
Henry
Co.;
&
W.
Schwabacher & Co.; Shields & Co.;
Manufacturing Co. 135,000 shares of common stock
$1).
Purpose,
payment of bank
loans, general
purposes.
Price, $36.75 per share. Offered by
Hallgarten & Co.; R. W. rressprich & Co.; Adamex oeuurities
Corp., Geo. G. Applegate;
Auchincloss, Parker &
Rtdpath; Bacon, Whipple & Co.; Baker, Watts & Co.;
J.
Barth <fe Co.; Bear, Stearns & Co.;
A. G. Becker &
Co.
Inc.;
Bl\th & Co., Inc.; Boettcher and Company;
Clark, Dodge & Co.; Cohu & Torrey; Paul H. Davis &
Co.;'Drexel & Co.; Francis I. du Pont & Co.; Estabrook
&
Co.;
Fauset,
Steele
& Co.; Glore, Forgan & Co.;
Graham, Parsons & Co.; Hayden, Miller & Co.; Hayden,
Stone
& Co.;
Hemphill, Noyes & Co.; Hill Richards &
Co.;
J. J.
B. Hilliard
& Son; Hornblower & Weeks;
Howard,
Labouisse, Friedrichs & Co.; W. E. Hutton &
Co.;
Johnston,
Lemon
& Co.;
Kay, Richards & Co.;
Kebbon, McCormick & Co.; A. M. Kidder & Co.; Kuhn,
Loeb
& Co.;
Lehman Brothers; Carl M. Loeb, Rhoades
& Co.; Laurence M. Marks & Co.; A. E. Masten & Co.;
Merrill Lynch, Pierce, Fenner & Beane;
Moore, Ieonard
& Lynch; Newhard, Cook & Co.;
Pacific Northwest Co.;
Paine, Webber, Jackson & Curtis; Piper, Jaflray & Hopwoud;
Reynolds & Co.; Scnwabacher & Co.; Scott • &
Stringfellow; Shields & Co.; Singer, Deane & Scribner;
Smith, Barney & Co.; Stein Eros. & Boyce; Straus &
Blosser.; Stroud & Co. Inc.; Spencer Trask & Co.; Tucker,
Anthony & Co.; G. H. Walker & Co.; Wertheim & Co.;
White, Weld & Co.; The Wisconsin Co., and Dean Witter
and Lee Higginson
'
corp.
&
(par
semi-annually
Maynard
Piper,
Co.; Hayden, Miller &
Ritcr & Co.; Saunders,
G. H. Walker & Co.
Weeks;
&
Indianapolis Bond and Share Corp.; Johnston, Lem
& Co.; Kebbon, McCormick & Co.;
A. M. Kidder & Cl :
Kidder, Peabody & Co.; Laird, Bissell & Meeds; W. c
Langley
&
Co.;
Lee
Higginson Corp.;
Carl M. Loe ,
Rhoades & Co.; Laurence M. Marks & Co.; Mason-Haga
Inc.; McDonald & Co.; Merrill Lynch, Pierce, Fenner ..
Beane;
Merrill, Turben & Co.; Minsch, Monell & Co
Moore, Leonard & Lynch; F. S. Moseley & Co.; Mayna...
H. Murch & Co.; Newhard, Cook & Co.; The Ohio Co ;
Pacific Northwest Co.; Paine, Webber, Jackson & Curtii
corporate
*1,200,000 Wolf
&
Dessauer Co. 4 '/a %
notes due
July
1,
1948-Jan. 1,
1963.
Purpose, pay bank loans,
corporate
purposes.
Placed privately with Home Life
Insurance
Co. and Lincoln National Life Insurance Co.
through
and
Co.,
Noyes
Hemphill,
Co.;
Co.;
6,798,750 Joy
Co.
Insurance
Parsons &
Graham,
Milwaukee
&
Hornblower
Sherrerd; Curtiss, House &
Butcher &
Co.;
McDonald-Moore & Company; Merrill, Turben &
Company; F. S. Moseley & Co.; The
Co.;
subordinated sinking
Corp.
1,
Jan.
due
&
Corporation;
The
Acceptance
note,
000),
borrow¬
Prudential. Insurance
America.
*2,000,000 Securities
&
Co.
McDonald
facilities.
7,,.
07? Co.; Paul H. Davis & Co.; Eastman, Dillon & Co.; Fahey,
Clark & Co.; Field, Richards & Co.; The First Cleveland
loan, due
Co.;
brook
77
;
Elworthy & Co.; Equitable Securities Corp.; Esti.
Co.; Farwell, Chapman & Co.; The First Bosto:,.
Corp.;
First of Michigan Corp.; Glore, Forgan & Co
Goodbody & Co.; Goodwin & Olds; Graham, Parsons *
Co.;
Grant-Brownell & Co.; Green, Ellis & Andersoi
Hallgarten & Co.; Harriman Ripley & Co. Inc.; Harr.
Hall & Co. (Inc.); Ra.vuen, Miner & Co.;
Hayden, Stoi.~
&,
toyce;
and
Brothers.
ing
V.
'
$10
.
*50,000,000 Commercial Credit Co. 15-year 3%
unsecured
semi-annually to Jan. 1, 1963. Purpose, to expand
Co.
;
1,904,890 Harshaw Chemcial Co.
58,612 shares of capital stock
(par $10).
Purpose, pay short-term loan, working capi¬
tal.
Frice, $32.50 per share.
Offered for subscription by
stockholders.
Unsubscribed
(4,436)
shares offered by
due
*$25,000,000 Allied Stores Corp. 20-year sinking fund 3Vb% notes,
Dec.
31,
1967.
Purpose,
finance expanding business.
Placed
privately
with Metropolitan Life Insurance Co.
and
New
York
Life
Insurance
Co. through Lehman
Central Re¬
j
Inc.; William R. Staats
Bros.
National Corp.;
Central
Co. (Inc.); Clark, Dodge & Co.; Ju.ien Collins 'L
Courts & Co.; Curtiss, House & Co.; Paul H. Dav»
&
Co.;
Davis, Skaggs & Co.; Dominlck
& Dominick
Drexel & Co.; Francis I. du Pont & Co.; Eastman, Dillo .
public
Co.;
1
working
construction,
Sherrerd;
&
Butcher
,
7 7
First
The
Co.;
ETC.
BUILDINGS,
LAND,
<
;
;
Cleveland Corp.; -Ames, Emerich & Co.,
Co.; Merrill, Turben & Co.;.Stein
Beil & Beckwith; Dempsey-Tegelcr &
Co.; Estabrook & Co.;
Hill Richards & Co.; The Ohio
Co.; Piper, Jalfray & Hopwood; Prescctt, Hawley, Shepard
&
Co.,
Inc.;
Gushia <te Co.; Saunders,
Stiver & Co.;
Clement A. Evans & Co., Inci; Barret, Fitch & Co., Inc.;
Boettcher & Co.; Mason-Hagen, Inc.; Wm. J. Mericka &
Co., Inc.; Mullaney, Ross & Co.; J. R. Phillips Invest¬
ment
Co.;
Quail & Co.; Westheimer & Co.; WoodardElwood & Co.; Rowles, Winston & Co.t and Mead,- Miller
2%% sinking fund debentures,
expansion and modernization
privately with an insurance company.
Purpose,
1972.
(par
per
share.
Offered by Kebbon,
McCormick & Co.; A. C. Ailyn & Co., Inc.; The Milwaukee
Corp. 25-year
1,
Dec.
due
loan,
RFC
pay
Price,
.
1
ley & Co.; Bacon, Whipple & Co.; Baiter, Watts & Co.;
Baker, Weeks <fe Harden; Ball, Bulge & Kraus;
Bear,
Stearns & Co.; A. G. Becker & Co. Ino.; Blyth & Co., Inc
stock (par
343,000 shares of common
Inc.
Purpose,
capital:
j
shares of common stock
Offered by Morgan Stan¬
11,199,720 Bendix Aviation Corp. 399,990
(par $5).
Price, $28 per share.
Price,
Offered by. Woodcock, Mci-e«r & Co.
3,430,000 Glass Fibers,
OIL
•
Inc, - 75,000 shares of common stock
retire bank loan, corporate purposes.
150,000 Frigidinners,
$1).
*$50,000,000 Sinclair Oil
Newhard, Cook & Co., and
.
v'-V"/';. $2 per snare.
Stifel, Nicolaus & Co., Edward D. Jones & Co.,
I. M. Simon & Co.
Gardner,
,
•••
$16,500,000
$832,500 Anheuser Busch Co. 30,000 shares of capital stock (par
$4).
Price, $27.75 per share.
Offered by Reinholdt &
!
Co;; -Hill,
Richards & Co;;- Kay,
V'vO.: Maxwell/'Marshall & Co.; Moore, Leonard & Lynch;
Morgan & Co.;' The Ohio Co.; Pacific Co. of California;
Henry C. Robinson & Co., Inc.; Siils, Minton & Co. Inc.;
""
Ska.l, Joseph, Miller & Co.; Smith, Poiian & Co. ;> Stein
Bros. & Boyce; Straus & Blosser; Stroud & Co., Inc., and
;
Wagenseller & Durst, Inc.;;■.
\
U-J
America.
'.b
•
Dec. 1, L)67.
Purpose, refunding ($1,200,000;,
working capital
($2,800,000).
Placed privately through
Goldman, bachs & co. with Prudential Insurance Co. of
"
-
Worsted
Uxbridge
*4,000,000 Bachl ^nn
"
Co. Inc.; Fahey,
Henry Herman
Richards & Co.;
Co.; Doodttle & Co.; H. L. Emerson &
;-iivClark & Co.; M. M. Freeman & Co., Inc.;
5
New Financing
Not Representing
Issues
Cohu & Torrey; Crowell, Weedon
Burr & Co., Inc.;
Co.;
(Continued from page 3)
(845)
FINANCIAL CHRONICLE
&
THE COMMERCIAL
4675
167; Number
Volume
*
Represents issues placed
special offerings.
privately
7 7v
,•
Corp.
6
February .23, -1948 '?'i
FINANCIAL CHRONICLE
&
THE COMMERCIAL
(846)
TT~"?
T"
Corporation and
Revenue
"./•
Columbia Gas & Electric Corp.—Note Purchase Ap¬
proved—
'
^
7.. ■
>',
The purchase of notes by the corporation from' two operating sub¬
sidiaries to finance their construction programs has been approved
%
SEC.
by the
'
Manufacturers
Operating revenue
notes,
due from
1948.
30,
June
■
per
Federal
and
Reserve
tains
for
had
ten
for
been
Co. which main¬
Net
engaged in the leasing
Balance
is
consent
Commonwealth
'.":V
V--
B.
Inc.—Agreement—
this corporation, and R.
Pre ident of
DuMont,
C. Cosgrove,
$356,812
Manufacturing
..
"• y
v
-
engineering
5%
.
of record March
television
agreement with respect to
DuMont, patents and
receivers -under
-
manufacturing
and
the
the
163,
information."—V.
,% v,;
y
Eastern
Gas
Investment
Water
&
Offered—Bioren
"■
Co.
&
Co.—Debentures
~
$125,000 5V2 %
offered
recently
Pro¬
subsidiaries "for
capital impTovements' and for additional working capi-.
tap—V. '167, p. 545. ';
.
L. ; \ '
' ■ ' \
debentures, due Feb. 1, 1978, at par'and interest.
ceeds will
made
cents.(each^were
20
3132,
p.
dividend- of 3Q cents', per share
10 to holders of -record March 1.
of
of
effected an
have
of
exchange
/
■ •
.f.v:Y/-:\I
Corp.,
manufacture
a
distributions
cumulative preferred stock,
the $50 par
series, also' was declared, payable
1.—V. .166, p..1888.'%-:■
be, used to make advances to
t
:'v:;vr<Tltomas A.) > Edison, Inc.—Private; Financing—The
company, it. was announced (Feb. 18, . has negotiated VJ
(The) Culver Corp.—10% Stock .Divid^rid~^££yv
through .Riter; & Co. Joans totaling $4,992,000 from The;
The directors have declared a 10%
stock .dividend xon the common
Prudential Insurance Co. of America and The Mutual; •
stock, payable March 31 to holders of record March 22, 1948.;%
'promissory hotesT which
Two regular semi-annual cash dividends of) 10 cents each-were aldo v; Benefit Life Insurance Co. on
declared,- one payable on May 15 to holders of record May 5, 1948,
mature Aug; 15,1967, arid bear interest at the rate of 3%l y »•.
March
to 339,188,005 as
in 1947, an
served for the week ended Feb. 12, 1948, amounted
tory
with 299,501,401 for the corresponding week
39,686,604 or 13.25%.—'V.
167, p. 744. J
of
inc.rease
166, p. 1785,
$1,1143,008
.
quarterly dividend of 62 Va cents per-share on
usual
The
value
earned surp.us* account.—V.
Vice-President of Avco Manufacturing Corp., and General Manager, of
its Crosley division, on Feb. 18 made tho following joint statement;
"Allen B. DuMont Laboratories, Inc., and the Crosley division, Avco
Increased—
payable March
stock,
quarterly
by
$439,777
82,963
1947.
during
Corp.—Weekly Output—
Southern
&
weekly kilowatt-hour output of electric energy of subsidiaries of
this corporation adjusted to show general business conditions of terri¬
••
the directors declared
common
regular
Four
The
compared
the
on
166, pp. 755 and 665.
18,
Feb.
On
corporation to incur unsecured indebtedness.—
to the
given
$2.74.-
Dividend
Common
an
from
$30,000,000
81,852
common
share' are
per
24 will consider
March
U'voted
Feb.
to
accompanied
(Allen B.) DuMont Laboratories,
Allen
$1,191,858
stock—— __—v—i.c-C.
common
directors on
006,559 from the
295,500
1,159,446
—300;000.
losses—
;^ .v.'-.t
increase in the company's stated
$6,000,000.
This increase- of
transfer of- $3,993,441'from capital
surplus aocount, extinguishing that account, and by transfer of $20,The
butstanding————%-C514,864-;;; 514,864'7 7
share——^.|$2-.15,:J- :$0.69•%,
"Includes credit of $221,061 for reserves restored'to income. JBased
011
net profit before reserve for possible inventory losses, the earnings
shareholders at a special meeting to be
adopting a proposed resolution whereby
preferred
cumulative
on
for
Earnings per
Co.—May Borrow
Columbus & Southern Ohio Electric
The
inv.
1947, and owns
"■$735,277 '
taxes——_——i_v
income
24,
Ontario on Jan.
in
mining, claims located on the - south - shore -of Flint
42 miles, southeast of Kenorai" The property1 comprises apprpxi-
account
$24,000,000 was
shares 1
Common
\
I",
the
with
1918,
in
on
•;
^^
incorporated
was
capital
-••V.? v.
:ie:vi946 i
'•
--v-_'-$2,651,304
I
preferred stock—
profit
Dividends
company was estabconsolidation of the Columbia Transfer Co.
and the St. Louis Transfer Co.—V. 115, p. 1882.
y
-:yj
lished
state
possible
;1947
,.
—•
—
.
service for St. Louis railroads, Fielding'
years President of Columbia Motor Service
transfer
general
a
St. Louis, one of six Columbia subsidiaries
motor
transport
equipment.
The parent
■" •;
31—
taxes.—
before
succeeding his brother,
1944.
Steel Co.—Earnings—
Copperweld
will be
exploration
Douglas Aircraft Co., Inc.—-Stated Capital Changed---*-
:>
V-"%%'vr
166, p. 52.
Years Ended Dec.
Profit
these-shares
subsurface
mately 360 aci'fes, each claim covering''approximately 40 acres.
——..>*$0.43
$17,943, equal to- 15 cents per -commoR
the net profit was
1943
For
share.—V.
to1 continue
contiguous
Lake,
share—I
common
of
sale
conipahy. ('The initial objective.is to
271,906
'
time to the Trailmobile
Fielding Childress has been elected president
T. Childress, who resigned to devote full
V.
Earnings
from ,the
received
be
shaft.
Company
nine
taxes;^i_p_;:i' .",7184,376'
:116,411
>. 118.411
outstanding.
shares
President-
Co., St. Louis—New
Wade
held
Common
..
Co., Cincinnati, of which he has been President since
A Vice-President since 1940 of Columbia Terminals
Childress
from., the
,
West Virginia
of
Columbia Terminals
of
income
will sell to Columbia $200,000 of instalment promissory notes, due 1950 to 1974.—V. 167, p. 744.
31/4%
and State income
Federal
before
to
_
income—_________—,_u______i_^_^__-.;, k $148,748 .]•
operating
income
Net
proceeds
..a<Jded to the general funds of. the
deepen a shaft to 500 feet and
—-^^.Jk^^Trrrr-'r 4,445,880 i
4,297,13?-.i i
;
j.
:
:
Net
'
-
Co.
Gas
Natural
Co.,
', b;
,
,
Net
Pittsburgh plans, to borrow t ,
Columbia, secured by 3'/4% instalment promissory
1950 to 1974. Sale of these notes is planned before -
from
$8,000,000
operated
Expenses
of
Co.
Heat
&
miles)—85,488
—'5,320,624
(ton
shipments
miles
Net
(
,
Light
.
miles———_—_________—I—13*7,133
ton
express
Plane
:
•
.
.
passenger
Freight
(Continued from page 2)
,
Passengers
Air
•'
1,000,000 shares ($1 par) capital stock of the company.;'
,
is being made by Tellier & Co.
The 'stock is priced at yM
40 cents per share. The issue is offered as a speculation.'
r
STATISTICS
Investment
;;
Dog paw Gold Mines Ltd.—Stock Offered—-Offering of
Inc.—Earning^
Lines,
Air
Continental
General
10
holders
to
.
Ltd.—Earnings—
Coniaurum Mines,
Quarter Ended Dec. 31—
'Tons ore milled—metals
from
income
Net
27,740
of securities
sale
$223,555
(net)
-t
.
p.
Income
Provision
for
$19,558
_.
$13,860
2,551
Net
profit
the
NOTE—In
preciation.—V.
—
figures
above
166,
no
allowance
$50,812
1,536
$11,309
5,849
$17,583
82
writq-off—
before,
expenditures
has
been
for
made
166,
C.
a
L.
notice
Deardorf
de¬
Power Co.—To Develop Finan¬
President, in
March
for
meeting
1948,
17,
common
the
in
crease
Delaware
Hudson
&
Co.
Gross
Net
V. J1
company.'".
U.
taxes_
age
taxes
Other
taxes
■
■
fense
make
it
part of
the
for
necessary
company
which will probably
1948,
from
loans
local
731,581
$2,295,601
,
$1,590,809
;•
80,240
' 584,738
2,797,574
$4,441,119
to
borrow
money
The
for
Y.,
Addition is expected to have ah annual manufacturing
$1,500,000 of product before
J( .Vy-'.- Js-floor space on a 13-afcre
site, with New York Central and Erie Railroad .sidings.-r-.V. 166, p. 1048.
company
on
Feb.
announced
18
Dodge Manufacturing Corp. (&
Net
1947
Provision
output of elec¬
(electricity generated and purchased) for the week ended Feb.
15, 1948, amounted to 242,400,000 kwh., compared with 205,800,000
Lwh. for the corresponding week of 1947, an increase of 17.8%. Local
distribution
of electricity
amounted to 213,900,000 kwh., compared
tricity
with
196,300,000
increase
of
9.0%.-.
for
kwh.
'
Seeks Approval
corresponding
the
week
of
'
last
year,
an
"f..
Operating profit
..
The
company
Competitive
are
to be asked for underwriting the issue and
unsubscribed debentures.
'■
5
proposes to use part of the proceeds
from sale of
to
call for redemption 273,566 of its 2,183,885 out¬
bids
-
purchasing
The
on
sell
to
debentures
company
debentures
are
callable at
105.
The
balance
of the proceeds is
to be used to reimburse the
treasury for expenditures already made for plant additions and for
shares
standing
debt
long-term
of
$5
preferred
stock.
These shares
company
retirement.
advantage
ferred
of
shares
has
.
.
-■
asked
1, 1948. redemption date for the
which it intends to call.—V. 167, p. 744.
the
May
Federal
273,566 pre¬
The
annual
common
Vultee
Aircraft
meeting called
stockholders of
to
record
be
Feb.
Corp.—AnnuaF Meeting
held on March 17, 1948, at which
17, 1948 would be entitled to vote,
postponed. The New York Stock Exchange announced that
and meeting dates will be announced later.—V. 167, p. 432.
has
been
new
record
of
the
record
224,213
to
and
of
the
for
or
V
A
stock subscription rights is ex-:
30, next, subject to approval of
meeting to be held in the latter
v ( ■AA'' v""/-''.".",-'- ..•■
'/''V'
common
March
about
stockholders
at
a
'"V
the sale of the stoqks will be used
incurred for construction. The balance,
will be applied to financing the $6,000,scheduled for the current year.—V. 167, p. 745.
from
proceeds
the
of
Part
95,289
65,373
on
March.
of
A-VI"
held.
date
be
to
SEC
part
,
to be sold to underwriters on terms still to
directors.
The common stock will be offered
stockholders in the ratio of one new share for
common
shares
ten
The
,
approved a financing program calling for
preferred and 110,000 common' shares.
preferred is
by the
new
pected.
19
40,000
of
determined
each
147,093
Feb.
on
series
a
present
$530,891
22,193
\
.•
directors
to
$553,034
(.estimated)_,_——
income
on
$2.81
M°1'-
$6,27
share
short term bank loans
repay
together with corporate funds,
Net
profit
Otis,
activities
on
A
Corp.
with
connection
absorbed
E.
share—
per
Manufacturing
in
incurred
J.
$233,582
76,678
:
$0.52
$1.37
non-recurring expense of $54,264,
profit 1__—$88,028
provided for
51,245
Net
Dividends
the
sale
debentures,
of the company's new
last quarter of 1947.
'a ;
:;i'i •:
Jr., President, stated that the company was gearing its
the basis of an
annual sales quota of ^approximately
the
during
000 construction program
,,
This figure, while 25%
under the peak reached in the
year, is three times the company's 1940 sales volume.
{ '."The year ended June 30, 1947, was an inflated one, during which
we
were
stocking the war-bare shelves of our dealers, .who account
for
about
70%>
of 6ur
sales," Mr. Otis said.
"Their shelves are
Corp.—Definitive. Debentures Heady
Machinery
Food
The
ion Broadway, New
York Tvuct Co.:
New
York, N. Y., has been
appointed agent in New York City to exchange temporary 2 >/2 %, sinking
fund debentures due March 15, 1962, for definitive debentures which
are naw available
for.delivery.—V. 167, p. 745.
-..o--.
$8,500,000.
1947 fiscal
now
well
filling
very
stocked
their
and
orders
we
on
setting
are
current
a
down
to
a
more
basis.
turnover
normal job of
They-, all
'
active business."
report
\
Foote
$269,605;
ASSETS—Cash,
trade
BALANCE
accounts and
SHEET,
DEC.
marketable 1 securites,
notes receivable
31,
$14,0057
reserves),
LIABILITIES—Accounts
other
trade
$3,273,880;
than
Federal
and
dividends
taxes on
income,
payable,
$81,697;
'
Cost
of sales—
Gross
current
-(non-current),
$9,460; prop¬
of $1,885,049),
$749,778; accrued
Federal taxes; on
4% sinking fund debentures, due Oct] 1,
1962, $1,500,000; capital stock oustanding, $1,708,553; capital-surplus,
$589,158;
earned surplus
(less cost of investment in subsidiary; in
excess
of underlying assets amounting to $258,661), $1,833,876; • total,
income,
$330,114;
$6,793,174—V.
166,
15-year
p.
2659.
.
.
..
profit
and
Machine Corp.—learnings, Etc.—
Gear &
1947
Oct. 31—
—
—
——-
•.«.
i946
J 1945.%
admin, expenses——
$7,359,804
5,323,338
$5,556,745 $33,306,050
3,996,726 25,617,008.
$2,036,466
$1,560,019
1,157,691
1,082,60.9
1,382,529
$878,775
allows;
less returns and
$477,410
$7,689,042
/
inventories
(less reserve), $742,623;
accounts receivable
$40,000; traveling
advances, employees accounts, etc.,
erty, plant and equipment (after reserve for depreciation
$2,318,197; deferred charges, $125,405; total, $6,793,174.
(less
1947
Bros.
Years Ended
Gross sales,
Selling
CONSOLIDATED
taxes
Consolidated
taxes
5,086,018 ; :;2,489,311.
$7,802,379 ; $3,710,723
i,183,921
1,183,921
outstanding
common
%
1947
.1946
,*
$73,625,1-54 $52,577,403 *'
12,888,397
6,200,034
*f
and foreign takes
.
:
1786'.
p.
be
20,891
are
the Commission to expedite action on its
petition to permit opening of bids on the debentures not later than
March 23.
This is the latest date on which the company can take
The
The
$300,494
—
profit
■
until Feb.
Florida Power Corp.—Financing. Plan Approved—
issuance
_____
Cther deductions
was
Feb. 18 asked the New York PS Commission for
$57,382,600 of 15-year 3 % convertible debentures.
to be sold to common stockholders at par in
the ratio of $5 facer amount for each share held.
The debentures
are to
be dated April 15, next; redeemable initially at 102, and con¬
vertible, into common stock at the holder's option at $25 a share.
The
permission
Total
Dodge
for $57,000,000 Financing—
per
'
,
•'*
'
'
state
shares
166,'
The
.
124,621
140,232
$279,603
interested persons
profit
Earnings
3,574,733
861,495
depreciation——'
for
Net
—V.
$5,091,740
916,724
Co.—Hearing—
giving
Subs.)—Earriings-r*
(&
Co,
Federal Jncome,
■■1
f
3,486,071
(exclusive of depreciation)^
administrative expense—
Selling and
1946
-!;l;
$4,822,630
—::
f.
sales
Cost of products sold
Inc.—Output—
System
Subs.),—Earnings^-1
Months Ended Dec. 31—
6
■:
that
Flintkote
Calendar Years—
Common
exceeding
building contains 70,000 square feet of
The
order
an
a
Profit after charges—
foods, t The
capacity
request
Net - sales ■. l
j
plastic bags
Other income and credits,
The
,
19, announced the acquisition Vof a new plantexpansion of its CRY O VAC ~ division,which
used in packaging frozen and refrigerated
Feb.
on
company
Lockport; N.
manufacturers
the
in
Plant—
Service
Public
has issued
SEC
to
•
.
at
& Lont,
hearing upon the proposed bank borrowing by the
company. Engineers plans to borrow $200,000 from the Chase National
Bank, 'to be evidenced by a
lVa% note maturing March 25, 1948.'
Funds are needed to meet current operating requirements.
An addi¬
tional
$900,000 is to be borrowed from Irving Trust Co. on a six
months' 13/4% note, with the funds (o be used for ;the payment bt
an outstanding $700,000
.l%> % note.—V. 167, p. .649,
A
>
24
.,'401,625
.
$6,163,-283
^Dewey & Almy Chemical Co.—New
Buffalo—Files
Corp.,
for additional working capital. Hanclin
used
be
Engineers
The
\ 2,880,857
-
Alloys
&
underwriters.
Buffalo,
"Recast to. exclude income tax credit .of $514,Q00,yreversing accru|jls
hfade during the first nine months of 1946.—V. (167, p. 152.',,
*
| -
be done through the medium
banks.
Consolidated Edison Co. of New York,
the
Proceeds will
1.991.000
143,318
714,037.
Refractories
(The company on Feb. 9 filed a letter of notification with the SEC
7,400 shares of common stock (no par).
Stockholders of record
13
rre
given the rights to subscribe at rate of l/12th of one
warrant for each share held at $15 a share.
Rights expire Feb. 27.
2,913,2(71
581,614
96,174
income
Net
input of subsidiaries
1948, the System
12.
2,063,443
2,198,848
2,676,503
-
146,111
charges;
depletion
Light Corp.—Weekly Input—
Power &
corporation
Feb.
and
depreciation
Other
-
1
:
Mr. Campbell states that it is not possible to determine now either
the amount of the permanent financing or when it will be undertaken,
but so that the company may be in a position to act promptly when
it appears desirable to do so, the stockholders are
being requested
to take the required action at next months' annual meeting.—V. 166,
P.
368.
;...
short-term
for
2,729^263
515.422
681,751
—
_______a__
;
for
de¬
projects.
1992,
p.
With SEC—
•
167,234
Deprec. on railroad fixed
property
this
Electro
Mos.—194^
149,981
529.991
-
railroad
of
Amort,
1347—12
'
654,911
__662,168
Fixed charges
working capital.
45,679
:
expansion of its activities.—V; 166,
amounted to 62,272,000 kwh., an increase of A0,620.000 kwh.. or 20.5%, over the corresponding week of last year.--.
V. 167, p, 745.
-.
"f.:
694,877
old-
Unemployment and
While there are no
general funds/
its
to
week ended Feb.
the
For
of
$4,320,241 $20,636,627, $15,366,067
."i
3,176,036-
610,936
43,204
taxes—
added
been
Company's facilities and
$38,565,957 $85,916,615
19,158,910 77,929,330 7.0,550,548
$5,839,339
income
with the SEC
offered through Tellier &
company
latter
of
income
Canadian
is carrying out an extensive expansion and improve¬
ment program necessary, to meet increased demands by its customers
for gas and electricity,
and the new money, which it is expected
wil have to be raised, will be used to pay for these
additions and
improvements..'-; *
! ■■"va >.%. A
''.vs-' -■■■>'■■ •{
Mr. Campbell said it was hoped that the financing undertaken iby
the company in the early part of 1947 would meet the requirements
for new money through
1949; 'however, as a result of an increased
demand for the company's service, it has been- necessary to accelerate
some
of
the
construction projects originally
planned for,,,1950 and
1951.
This condition and increases in the cost of labor and material
may
S.
has
plans for the expenditure of the new money it is expected
eventually be used to finance further additions to the
will
it
Subs.)—Earnings—
(&
.
The
;
Hudson Cokl Co. tuid its subsidiaries)"
20,780,945
revenues
loans ob-*'
projected
made
$26,620,334 $23,479,151
Expenses
has
just
j
Oklahoma City—Files With
1947—3 Mos.—* 1945
revenues—
of the proceeds jfrom - the "S3,000,000 of
been earmarked for the company's
part
year
of the Edison Storage Battery Division and other divisions.
acldit onal $1,992,000 received by the company through the loans
filed a letter of notification
3
Period End. Dec. 31—-
stock
capital
authorized
last
Electric
Feb.
on
company
(Includes the income of The
preferred stockholders
and
Corp.,
1,000,000 shares common (10c par), to be
Co.
Proceeds will be used for expenses and
will be asked to vote an in¬
to enable the company
to
develop a suitable plan for financing its expansion program.
It; ;is
estimated
that
in
the
next
several ^years the sizable construction
program may require additional money to an amount ranging between
20 and 25 million dollars.
\<V' %
\
The preferred and common stockholders Will be asked at the annual
meeting to approve an increase in the authorized amount of' the
company's preferred stock from 600,000 shares (no par) of aggregate
stated value $30,000,000
to 1,200,000 shares (no par) of aggregate
stated value of $60,000,000.
'The common stockholders will be asked
to approve an increase
in the amount of authorized common stock
from 1,704,000' shares
(no par) to 2,500,000 shares (no par).
It is not-expected that any of the increased stock will be issued
immediately, but Mr. Campbell states that it, is important that the
company
be in a position to do so whenever it appears desirable
or
necessary.
He points out that to avoid the expenses and details
involved in
holding a special meeting of the stockholders,, it seems
advisable to vote the proposed program at the annual meeting, Un
order to obtain the votes which will authorize the directors to issue
additional
stock from
time to time
to meet the demands of the
the
Drilling
.
The
last year to $1.75 per share,
for
of the company's common
stated that at that meeting
major
immediate
12 together with
letter mailed Feb.
a
annual
the
of
called
total dividends paid
the
the
expansion
2102.
p.
has been applied to the retirement of
in that amount due Aug. 15,
1962, which
two insurance .companies through Riter & <;o..
'
"
.
'
•)
$3,000,000
notes
with
1947.
August,
The
lained
SEC—
Light &
Campbell,
formal
in
that
cing Plan—
stockholders
10 Cents-j-
■
The
Connecticut
Dividend of
Inc.—Extra
the directors declared an extra dividend of
16,
brought
—V.
1991.
p.
proceeds,
promissory
2.90%
the
and
1947,
Capital
the
Of
(
10 cents per
regular quarterly dividend of 30 cents per share on the
common stock,
both payable March 12 to holders of record March ,1.
The extras of 35 cents on Dec. 12, last, and of 20 cents on Sept. 12,
20,172
taxes__—
fe'.
•!
Cutler-Hammer,
$70,984
1,975
._
record Nov;. 5, (1948.—V/ 165,
holders of
to
;.v.
On Feb.
share
Total
15
Nov.
on
2545.
iwere; placed
3,636
2,278
other
the
and
26,940
$281,962
214,613
$67,348
$11,582 V
Drl4,636
—
-
211,973
$34,194
profit.
Operating
on
.
28,655
$254,862
-220,668
produced—
Development and operating costs
Profit
1945
-1946
1947
•
..
Other
Other
income
deductions
Net
1
income
Preferred
excess
175,938
210,000
."4,630,000
•
$428,860
$278,354
18.971
dividends
"Includes
$6,374,719
69,932
865,000
Renegotiation reserve ___i—Prov. for Fed. income taxes.
Common dividends
80.L-76
310,000
—
—
$558,286
170,380
income
Total
30,465
_
$6,306,513
68,206
$909,240
Operating profit
214,766
profits taxes.
$703,781
22,482
20,299
152,533
_
——_——
;
208,127
<*;•
a ,v
r
Volume
BALANCE SHEET, OCT. 31,. 1947
:v„
;v;
_
THE ;COMMERCIAL
Number 4675
167
v
hand
on
series
income taxes,
$18,7724 provision
accrued« royalties,. $1L',750; other accruals,
Federal, income taxes and'estimated refunds.on
$9.9,164;
.'
revenue
expenses
*
__j
—h.—-it——-
1
Deprecation;.
1
-1—
—
Interest, expense
(
directors
declared
have
.47,651
amount
2660.
p.
Greer
81,607
.
sec—■
cents per
20
of
dividend
Decreased 7.85%
1947 V
1943
'
shares
of
,<>.
'
,
.
,
'
—Earnings, etc.—
Title
!
*
will
mitted
The
opened on, Feb.
accepted..- -; '
Jo
be
the
on
indenture
trust
8,727
8,660
7,689
9,674
4,700
42,000
600
6,000
"$168,513
shares
per
$67,944
$2,462
$11,343
417,120
417,120
417,120
417,120
Nil
$0.16
$0.01
$0.C3
inc._
outstdg.
share
com,
_'.v--•:v.
•
for
1947',
in
$68,834
\!'V;v
out
'
company
on
Feb;
3
-
3144.
SEC—
With
Co. of Va.—Files
'•
.
'
,
Feb. 11 filed a letter of notification with the SEC
of capital stock ($5 par).
Of the proceeds, $150,000
outstanding short-term bank loans and balance
further company's construction program.
Issue is not underwritten.
The company
on
57,600 shares
used
will be
will bs used, in conjunction with
in tho payment of the company's out¬
bank, indebtedness in the principal amount of
represented by promissory notes held in equal
<
•
& Telegraph
Home Telephone
for
Files
—
filed a letter of notification with the SEC
$300,000 first; mortgage 5% convertible bonds to be offered with¬
underwriters.
Proceeds will be used to retire debts.—V. 164,
The
for
p.
■*
,
Calif.
Corp., Burbank,
Colorfillm
.
leasehold
in
$38,987
2419.
p.
of
and other classes of expenses
1946, $37,655 in 1945, and
charged to manufacturing
1944.—V. 166,
amortization
and
depreciation
to
in
Hollywood
reduce
to
>
company^
■
loans
Hotel Waldorf-Astoria
Corp.—New Director—
Birmingham, Ala,, has been elected a. director to
succeed his father, the late Robert R. Meyer, also of Birmingham, Ala.—•
Johnv-E.
V.
167,
of
Mever,
746.
p.
CAPITALIZATION GIVING EFFECT TO NEW FINANCING
V-v.nV-'/v
bank
"Long-term
stock .(par
Common
v
.)
-$3,000,000
293,060 shs.
$3,000,000
400,000 shs.
$10)_
Gross
15,. 1947 between' company
-
Expenses
taxes
income
$1,536,635
$5,711,590
656,500
$6,126,435
113,536
425,731
495,802
$1,688,730
180,500
)
Unemployment and oldage taxesi.
79,392
.
•
— -—
162)296
203,478
-
607,903
709,686
209,366
428,497
taxes-_2__
Other
Mos.—-1^46
$40,113,280
33,986,8*5
L'.:
revenues...
S.
U.
'
1947—12
$11,524,871 $10,331,297 $43,274,606
9,836,141
9,294,662 37,563.016
revenues
Net
^Evidenced' by promissory notes issued
Jan.
31, 1947, to enable
the co-trustee to pay to the holders of said bonds 2(4% interest.
The
distribution was made on Feb.' 1,< 1948, qfter which $49,596 remained on
Dec.
1947—3 Mos.—'T946
Period End. Dec. 31—
Outstanding
Authorized
:
indebtedness
;•
Subs.)—Earnings—
(&
Co.
Coal
Hudson
.
,
Jan. 31, has deposited with
securing the above bonds,
six months ended
the
during
funds
$27,020
additional
for
used
by, First, National Bank, Chicago. Cleveland Trust Co.,! Central
Bank of Cleveland and Philadelphia National Bank!
These
were made for working capital purposes and replaced part
funds, used in the recent acquisition and construction of additionalplant facilities. . . .'
-! ■; •);;.■" ■;';
!%. !•'•,! =.V-'..'
announced
it was
under
co-trustee
17,590
$10,751
doubtful
on
amounted
under a loan agreement dated
and five banks. Such notes are dated
Jan, .17, 1947 (as to $1,500,000), Jan. 20, 1947 (as to $600,000). and:
July. '2lv 1947 (as tOv$900,000l; bear interest at 1%% per annum to
Dec, 31, 1948 and 2Vx% per annum thereafter; and are payable in
deposit* with the co-tFuVtco,; who is required,- tinder the terms of the
trust indenture, to set up certain reserves.
An interest- payment of ,V% 16 ^onseeutive semiannual installments commencing June 30, 1949,
-each ot thq first 15 installments to be in an amount equal to 5% of
2(4% was also made on Feb. 1 and Aug. 1, 1947.
VvV.'^
the
sufficient
22,711
$118,605
oi, the
offers sub-,
and lowest
23,135
"$155,086
$48,931
National
Spring St.,
South
433
1948,
19,
be
corporation;
be
"$11,960
$90,469
44.934
improvements
to subscribe to one
"
.
.
Angeles, Calif.; offered until Feb. 18, 1948, to receive bius for tnc
sale to it) of) income mortgage sinking fund bonds dated July 1, 1936, to
an
amount sufficient to
exhaust $21,971, held for that purpose.; All
were
will
74.647
$3)430
"$200,019
NOTE—Provision
"'V-
amounts
bank
co-trustee,
Co.,
:
;*
standing .short-term
$2,C00;000 which is
V
Los
tenders
Proceeds
840,527
76,738
profit -1
"Loss.
Chemical
gener?!.*.ftinds; of.,!tlie
•
Trust
&
Insurance
right
734,037
95,187
profit
taxes
Common
to
; !
•
•
.} (The) \Gayiord, Inc. (The Gay lord. Apartment Hotel),
Los Angeles, Cal.—rTenders. Sought—Fays
% Interest
-The
v'';'-"--..
a letter of notification
with the SEC
stock
(par 50c)
to be issued upon
filed
3
common
952,592
109,617
income
for
Net
PPRPOSE-^Tl^ev npt, proceeds
i
.
of
1,125,695
accounts, etc.
Brooklyn; N. Y.—Files With
outstanding warrants evidencing
Jan. 27.
$9,610,740
announced that total sales for 1947 exceeded $145,000,000.
,
Feb.
company .on
$924,604
With SEC—
Distribution—
Inc.—14-Cent
Investors,
p. 745.
*
1944
$798,814
income
Prov.
here on
merchandising."—-V. 167,
1945'
1946
"from
and
said,
'
$1,138,248
expenses
gen.
Discs., prov. for
Inventories
high."
Co.—Subscriptions to Stock—Of
the'58,612 shares of common stock offered by the com¬
pany for subscription by its shareholders- (V. 167, p. 434),
54,176 shares were subscribed for upon the exercise of
rights- represented by subscription warrants and the
remaining 4,436 shares not subscribed were purchased
by the several underwriters under the terms of the
underwriting agreement.
Subscription rights expired
$8,855,930
It was also
1947,
"relatively
all demands, he
smart and aggressive
of
Mr. Gundaker said
when new all-time
year;
below
meet
to
Share, of) s^cck at.-$4* a share.
working capital,—V. 165, p. 74.
„
on
Gamble-Skogma, Inc.—January Sales
—V. 167,
1948 will -be
Subs.)- -Earnings-
(&
1947
-
&
Operating
Other
r
Month of January—
•
fall
■'.-/'v
28,850
exercise
Feb; 11> declared a quarterly, dividend of. 14 cents
per
share, payable March
15 to stockholders of record March It
Payments in 1947 were as follows;
March 15, June 16 and Sept, 16,
11 cents each, and Dec. 24, 35 cents.—V. 167, p. 649.
. '
'
.
.
Sales.
general this
remain
Hydraiulics Inc.,
$146,138
.
Fundamental
;
"the directors
in
would
should
'■;'.
H&rshaw
,;
tires
sales
but
Admin,
Earns,
March 10 to stockholders of record Feb. 26.
A like,
paid on Feb. 28, June 12, Sept. 12 and Dec. 12, last year.
was
166,
16,
&
Total
650;':
pi
share,, payable
—V.
for
and
out Tt~ is V matter
for.
quarterly
a
outlook
the
were--.set,,
now!adequate
are
The,
"The
Postponed—
March
sales, incl. sell.,
delivery ex¬
adv.
itemi
the
of
penses
on.
of
production
records
Declares 20-Cent Dividend—
-
sec¬
$1,035,2.92
sales
Cost
$227,745
$160,103
income,....
test"
Hires Co.
3 Mos. End. Dec. 31—
Net
the
described
for
that
-
Net
Secondary Offering—A
Corp.—Annual Meeting
(Charles E.)
Tubeless
to
Response
response
in
place
was
As
76,136
!__1:
income
Gross
Consumer,
last
"awareness
$231,209
71,106
income
Federal
Co.—Initial
Goodrich
Tops Expectations—
took
560.907
109,605
39,099
637,297
101,903
64,756*..
,
Maintenance
650.
o.
—
The annual meeting called to be held on
adjourned to April 16, 1948.—V. 167, p. 46.
to the first public sale of tubeless tires, which
Gincinnati-Louisville-Dayton area the week before
Feb. 9 as "exceeding our expectations" by Guy
Gundaker, General Manager of tire sales. Exactly when tubeless tires
will go on sale in the New York area will depend on production.
The four-state area centering on Cincinnati was selected for com¬
mercial introduction
of the tire, Mr. Gundaker said, because it con¬
tains a
good' cross-section cf car owners with- whom to conduct an
•
1946
$985,007
1947
$1,111,302
'
Calendar Years—
Gross
Operating
Tire
Trinidad, Colo,—Earnings—
Frontier Power Co.,
167.
debentures.—V.
B
-(B.. F.)
contracts-subject
to
Vinson. Act,
$398,558; employees' payroll deductions, $9,291; first
mortgage- '40A
sinking lund bonds—due March, 1,
1957, * $1,150,000;
reserve
for
contingencies,- $135,472; convcrtiole cumulative preferred
stock ($10 par va,ue), $314,470; common stock ($2 "par value), $436,238;
ca'pitali surplus; $615,106; donated surplus, $60,000; earned surplus,
$2,992;<:08; total, $6,530,646,—V. 167, p, 153.
for
The company also
J
Co.
,
Hilton Hotels
May
to
Powder
7
ondary distribution of 111,200 shares of .common stock
(no par) was made Feb. 18 at $48 a share by Morgan
Stanley & COi and associates. Dealers discount $1. The
issue was oversubscribed.—V. 166, p. 2419.
company
reveals that an amendment to the indenture dated
l, 1945,/provides for an
increase in total debentures issuable
' $33,300,000, consisting of $25,000,000 series A and $13,300,000 of
-
Federal
than
other
taxes
accrued
$128,516;
•
)
$153,341; accrued'payroll and com-,
LIABILITIES—Accounts payable;
missions*
Hercules
Privately—
has sold $13,300,000 3% series B deben¬
tures; due May 1, 1961, to the Equitable Life Assurance
Society of. the United States at 97.46, under the terms/
of a purchase agreement dated Jan. 29, 1948. The money
was added' to working
capital.
'
The
deposits,
demand
and
Debentures
Gimbel- Brothers,, Inc.—Sells
:v
,
SI,210,515; U. S. ;i
Saving^: bonds, series G
(at cost, and accrued
interest), 3110,825;
accounts receivable (after allowance for doubtful accounts of $57,607),
$905,805; inventory—raw material, work, in process, finished goods and
supplies-—at lower of cost or market,. $1,1<7L,177'; cash,'U. S. Savings
bonds—purchase account contra, $3,083; due from U. S, Government
on
claims
resulting from
adjustment of amortization .deductions—
renegotiation, $20,077;'plant and equipment (alter allowance lor dcr:,
preciation and amortization of $l,£1.8,348v, $2,965,269; deferred charges,
$1'40;896; total; $3,530,646,
,5
>'-.v /.'Vv
ASSETS—Cash
V >
(847.)
CHRONICLE
FINANCIAL
&
*V
229,281
430,952
866,001
1,698,614
948,900
1,682,2.*2
$554,388
$1,376,841
$2,289,8?5
•
-
Fixed pharges
Depreciation and deplet.
j,
,
prinefpar, .and' the 16th to be for the then unpaid balance)
.'»
EARNINGS
MONTHS ENDED DEC.
FOR SIX
31
'
admin.
cost,
1945
'
•' $314,637
$264,851 h $199,359
■''.!.!':
i—'i- ] *232,290
190,465
130,784
Income
Departmental
HISTORY
.
1946
1947
other
&
succeeded
name
The C.
the business of
to
■'
Net:
incorporated in Ohio in
and in the following year
Cleveland Commercial Co., which had
BUSINESS:—Company
AND
under the
); 1897
Price
H.
The
was
Co.
formed in 1892, and which at the time was engaged in buying
chemieals, oiis and- dry colors and selling! such products directly -to
:
manufacturers.
In
1899
(he
company's name was changed to The
$68,575
$74 386
$82,347
V
Harshaw, Fuller & Goodwin Co. and: it began the business of manu¬
1,076
Discount oh bonds retirei--------vv161
facturing as well, as buying and {-elling chemicals. The manufacturing
r'.-; was originally done in Elyria, Ohio, on a portion of the company's
$69,651
$74,547
$82,347
present plailt site in that citv.
In 1907 the'company purchased the
20,838
...
18,057
.19,677
Bond interest
;
'/••is.Plant''which,' together with substantial later additions, constitutes its
12,436
16,604 .•••■•*
15,667
Depreciation
present Cleveland plant. In 1914 the company erected its present, plant
2,409.
1,973
Amortization of bond expense
1,963
in Philadelphia, Pa., In
1929 the company's name was changed to
12,432 *■;" Tlic Harshaw- Chemical Co., and during that year and from time to
15,067
8,399'
Federal income taxes
time since then the company has acquired its present executive offices,
J Balance, surplus,
;
„
.
$30,651
$28,831
$21,426
laboratory and related buildings located at 1945 East 97th Street in
Cleveland. Ohio,
In 1941 the company acquired a plant at El Segundo,
k
BALANCE SHEET, DEC. 31, 1947
"
■
'
'
; . Calif, and in 1947 it
;
.acquired a plant at Gloucester City, N. J.
ASSETS—Cash in. bank and on hand, $30,085; cash held by co¬
The company is engaged chiefly in the manufacture and sale of
trustee under terms of trust indenture, for payment of taxes, insurchemicals and chemical products* primarily for industrial consumption,
ance, bond interest, and bond retirement, $51,7351. accounts receivable,
and also sells and distributes laboratory apparatus and supplies and
trade-(after reserve for losses of $l-,240i, $8,005; inventories (at cost),
reagent chemicals.
The company manufactures most of the products
$17t492; land, building, furniture, fixtures, and equipment (less rewhich it sells. Of the company's total dollar sales for the fiscal year
serve
foh depreciation),' $689,901; deferred expenses,- $46,140; total,
ended. Sept; 30, 1947, about;70%
was represented by products which
$843,358.
:
it manufactured; or /refined, about. 24% was represented by chemicals
'
'
purchased, for resale and about 6%
wa'S represented by laboratory
LIABILITIES—Accounts payable
(trade), $12,523; accrued liabT.t'es
apparatus and supplies purchased for resale.
'(incl. salaries and wages)
$10,600; guestV credit balances, $4,414,expenses
,
?
.
—
.
f
taxes' payable or accrued;- 638,468;
accrued'interest on bonds, (at 5%
income
(unearned rentals), $4,750;
bonds,
due July
1,
1951,
$712,383;
$17,810;
deferred
mortgage
sinking fund
annum),
income
capital stock ($1
V, 166, p. 566.
par
value), $989; surplus
e'ectric
The
output of
amounted
1948,
this
,
cost
;
kwh„
increase
an
of
...
.
steam
gas,
and other income^i
service
and
other
The
Total
Other
two
In
.' 13.627,460
.7,698,001;
subsidiary
$2.00
1947
the year
investments in subsidiaries
earnings
the
discussing
1947
the
in
-Net
k
consummation
:
the
of
to
)
.
was
reduced
parent's
-.
"The debt
125,524
*$2,542,774
$1,488,226
$1,765,829
i
348,694
369,312
income
1
1'V^v',
recapitalization
1947,
are
Butcher- &
484,350
120,400
$634,564
$313,264
_!^__
.l
of
names
as
Iluyler's, Long Island City, N. Y. (&
-
Pet,;'.
the
Paul H;
Net
taxes
31,
dividends
stock which each has agreed to
Merrill,
Milwaukee
Riter
5.0
Saunders,
5.0
"•
The
6.5
The First Cleveland. Corp
The
4.0
Richards & Co
Shields
G.
,
&
Turben &
F.
S.
5.0
Miller & Co._
McDonald-Moore
7.5.
Co^,^---
Graham; parsons & Co;_
-v.-167, p. 434.?-
of-
underwriters
of
the
Hastings
computed
provisions
P-
.
t
745;
without: recognition
being
reflected
•'
,.
Georgia &
Periodr— ;•
■
:
as
deduction
allowable
in
re-
•
—V.
167,
revenues-
p.
the
for
aforesaid
tax
deduction,
contingencies."—V..G.67,
RR.
Operating Revenues
Week End. Feb. 7—
aq.
.
$47,750
745.
)
..194-7
*
$46,100
'
10dR
$272,365
,
60O'shares
Michigan
I
and second preferred' stocks.
first
for the
net income
months ended Dec,
12
the
1947
to Dec.
Co., Inc., subs.diaries, which were acquired by Huyler's on May 8,
consolidated net income for the-12 months ended Dec. 31,
The
1947.
1943
Choca*ate Co;, Inci, and
the Rotem Realty Corp., such being the net income of said subsidiaries
only from the date of acquisition on May 29, 1946.
included net income of; $132,567 of The Metro
The
Metro
Chocolate Co.,
Inc., was merged with Huyler's on
effective as of Aug. 31, 1947 and on
Realtv Corp. was changed to
1947;
Rotem
Inc.—V.
Oct.
The
Sept.
1947 the name oi'
Metro Chocolate Co.,
15,
166, p. 2559.
Illinois
Bell- Telephone
Co.—Earnings—
1947—Month—1946
Period End. Dec. 31—
,
<
1^47;
$251,186
Operating
revenues
Uncollectible oper. rev._
1947—12 Mos.—1946
of
Co
H.
&
5.0
3:0
Co
5.0
Co
&
Stiver &
3.0
Co
p.
a
_
18,963,622
14,477,674
1,619,048
—_
4.0
letter of notification with the SEC
par) to be offered by First of
($2
2671.
Hawaiian Pineapple Co., Ltd.—May Expand
Net
Net
—V;
operating: inc:_—
after
167,
charges
—
866.900
1,092,464
4.156,524
11,690,142
609,649
775,656
1,758,137
9,055,787
252.
p.
Illinois Power Co.—Bonds
Into Cuba
Feb. 18 told. stockholders of the
Hawaiian.-pineapple •■•industry must spread into Cuba if it hopes to
keep-up with demand.
There simply isn't enough land in Hawaii to
supply the postwar market, he explained.
( Mr.
White said: that ■ if experimental plantings in five areas there
are
successful and- "other, conditions" are favorable, the company will
be^ih: commercial operations and install a-processing plant,
r?; The. "company first indicated its interest in Cuba last July.—V. 166,
p.
1890.
President,
on
Offered—The First Boston
Corp. headed an underwriting group which on Feb. 13
offered $15,000,000 1st mortgage 30-year 3J/8% bonds P't
100.485
and
accrued interest to yield approximately
3.10%.
Bonds are dated Feb. 1, 1948,
'v- )'•'
vj-!!;
and are due Feo.
vv
of 100.1.499.
Other bids re¬
White, We.-d
Ripley & Co., and Glore, Forgan
&
'
:
;
'
The bonds will be redeemable at the option of company, in whole or
in part, at any time upon 30 days' notice at prices beginning at 103.5i>,
if- redeemed during the 12 months period ending Feb. 1*, 1949, and de¬
clining to 100 if redeemed during, the 12 months ending Feb. 1, 1978.
For purposes of the sinking fund
redemption prices will range frora
The issue
ceived
White,,
14,358,330 174,387,843 158,095;0R5
12,233,072 153,635.562 132,983,263
1,032,794 16,595,757 13,421,665
,
7.5
Co
Walker •& Co
revenues
taxes
4.0
Moseley & Co;
Ohio
Operating
Operating
Manufacturing Co.—Files With SEC
common-stock
Corp.-rT-V.i 165,
^ Henry-A.
14,383,327 174,735,639,158,325,121
24,997
347,796
230,023
16,992,190
28,568
l; 1978.
^
-Jan. 1 to Feb. 7
(Mich)
',The-company'onVFeb.''10 filed
for
such
V
Florida
•
reserves
1
Operating
of
on
Operating expenses
"
.
spect of such debt, the; provisions for Federal income tax for 1947 have'
been
$204,092
204,665
$o.:;9
income
6.5
;
amount
$2.20
months and is after allowing for a loss
3.0
Co._
Co._2-!___
Mr.
in. the
the
229,645
$2.76
—
income of Rotem Realty Corp., for the entire
of The Metro. Chocolate Co., Inc., for eight'
of $40,523 for the period May 8,
31. 1947 of IT. L. Hildreth Co. and Phoebe Phelps Caramel
the
and
$620,133
242,180
—
share
consolidated
included
1947
344,462
$783;228
outstanding
common
NOTES—The
period
$548,494
376,976
1-
1
shares
"Earned per
"After
1945
$997,109
502,956
:
income
Net
Common
1946
$1,286,184
profits;
Federal
Subs.)—Earnings
1947
*
';!3, !jPet.
4.0
Davis;& Cow-A—--
Fahey, Clark.& Go^
FieM-
principal
several
Hayden,
15.0
Sher.rerdiu'ii„,,^\. 3.0
4.0
Eastman,. Dillon &
;
•
*
of
'*
Calendar Years—
follows:,
Curtissjv House
:
of Utilities Investing Trust
(a
General (Public Utilities Corp;, as sole creditor, became worthless
and, as^ a result of the deduction to be claimed for this debt in the
1947 consolidated Federal income tax return,
such return will reflect
no tax
liability.
However, because of the controversial issues involved
determination
,
1,332.165
836,685
$1,357,394
_
_
'MeDanaldjiSs
$'2,-
by
>
.
xjvjeve
Tegen said:.-.);':
Massachusetts trust) held
in
profit
purchase,
■,
investments
""
of
plan
England Gas and Electric Association
50,634
ahd: theopeDcentage® of • unsubscribed
"1
~ $1.79
-
increased by $3,095,000.
applicable
1948
earnings." ;
1,775,883
$1,640,305
(estim.)
income———
deductions
UNDERWRITERS—^Tllr-
7,628,322
•
-
ta; stockholders;?-A.- F.' .Tegen, President;,! says,'that The
of 1947 began to show the full impact; of increased
cpal, labor'and' material apd that further price and wage'
are; expected, but, he adds, "as we look ahead now we expect
will' approach
New
f^-
1946
quarters
of
increases
that
'
his1 letter
In
'
outstau.ding2
company's indebtedrtesS during
prices
:
)
-u-k^—^-——--5165,309,400 $144,558,219<->.
.share
per
959,850' and its
i last
,'
2,058,423
$1,437,592
152,008
Prov,! for taxes on
15,439.907
of. shares
Earnings
>;
.
Net earnings
Number
Banks—
has borrowed an additional 85,000,000 from various
banks, increasing the amount of notes now outstanding to $13,000,000,
it was disclosed on Feb;. 18 in a report filed with (he SEC.
The notes now outstanding are reoayable $2,000,000 on Jan. 6, 1949;
$1,000,000 on April 20, 1949; $6,000,000 on Jan. 6, 1950; $1,000,000 oil
April 20, 1950, and $3,000,000 on April 20, 1951.—V. 166, p. 159.
the
.
1947
electricity,
2,811,944
$2,390,765
profit
Other, income
13,
17,355,786 kwh„v':-
\v*ck -ended' Feb.
week of last year,
—
general, & admin, exps
Gross
CONSOLIDATED' EARNINGS FOR CALENDAR YEARS
of
Sules
sales, less discounts,
of goods sold
'
Selling,
the
1947
: 1946
1945
etc._Ci $32,020,754 $21,342,314 $23,990.7^6
;
26,818,044
17,846,297
20,504,567
.
Gross
total, $843,358.—
$41,422;
corporation for
153,275,876
to
"
Corp.—Weekly Output—
12:8%, over the corresponding
or
CONSOLIDATED INCOME STATEMENT, YEARS ENDED SEPT. 30
•
.
General Public Utilities
:
reversing aocruaiB
p. 1890.
company
'
per
,
credit of $614,000;
—
.
;
$628,679
income< tax
the first nine months of 1946,—V. 166,
Hudson Motor Car Co.—Borrows from
This
.
'
to exclude
during
■;"•-been
>
*
.
'
income
'•Recast
made
were:
was
awarded Feb.
16 on a bid
Halsey, Stuart & Co.,
Inc., 100.011 for 3(/»s;
^i.Co,,
102.381 for 3.V4S, and Harriman
Co*, 101.91 for 3 (4s. y,
' v:
.
100.49
to
100.
,
*
THE COMMERCIAL
(848)
.Feb.
or ac¬
apply the proceeds, exclusive
PURPOSE—Company intends to
11, 1947 for $20,000.
carried
in
the accounts
&
FINANCIAL
CHRONICLE
The amounts at which such properties were
of
Plans Three-for-One Split-Up of
the
company exceeded the consideration re¬
of the bonds of the 1978 series as follows.
ceived therefore by. $4,905,516,
$249,940, $91,222 and $25,996, respec¬
(a) To reimburse its treasury in an amount equal to
tively, which amounts were pnarged by the company to its deprec.ation
60 %
of net bondable value of property additions
reserve..
prior to Dec. 31, 1947, estimated at.------------$9,000,000
The
company
is engaged primarily in the production,
(b) To deposit with trustee under mtge., withdrawable
purchase,
at the rate of 60%
transmiss.on, distribution and sale of electric energy and in the purof net bondable value of property additions subsequent to Dec. 31, 1947, approx.
6,000,000 :: i chase, transmission, distribution and sale of natural gas in the State
crued interest, from Ue sale
.
the
of
proceeds
payment
of
For
the
operating
12
months
;
ended
of the
revenues
approximately as follows:
water and ice, 3%.
Nov.
80%;
30,
the
1947,
17%;
gas,
and fifth
each with name
plate rating of 40,000 k lowatts capacity m the Havana generating
station at a remaining cost of approximately $11,500,000
Two similar
units w.th three 285,000
pound-per-hour boilers were placed in com¬
mercial operation in September, 1947.
Construction work on the foun¬
the
bonds
and
the
of
names
respective
be purchased by each
are
the
several
principal
principal underwriters
amount
follows:
as
bonds,
of
First
Boston
Central
Republic
2,000,000
2,000,000
Spencer Trask &
for
—V.
the
station
will
uf
st
in
name
River
(dt
The
estimated
Of
Statio
the
construct'on
end
eastern
additions
other
of
which
amount
an
CAPITALIZATION
The
Nov.
GIVING
and
1947,
and
also
the
of
sa.e
EFFECT
capitalization to
the
bonds
of
the
Authorized
1st
mortgage bonds.!
,'
27/a %
series
due
3 Vb %
series
due
—tUnlimited
1976
1978
underlying
Sinking fund
debs.,
Serial
preferred
5%
cumul.
Common
(no
the
in
series
terms
be
may
issued
thereof,
under
tlncludes
the mortgage
stock
common
53.7%
sales
the
over
1946
total
sales
a
return of 9.8%
by
prolonged strike and
a
serious
material
1
facilities,
which
include
factories
in
fund
trend
of
sales
Nov.
for
the
for
1947,
1,
first
Net
at
Louisville,
dated
20,114,059
materials
"The
tax
as
first
indicated
quarter
the
of
1948
that there would be
and
for
and
result
of
the
strong
products
our
abiiity to produce.
our
a
components,
demand
This
large
in
customer
1948
reflects
production
is
fiscal
considerable
a
both
the
to
Int., amortiz., &c
1.372.926
1,759,732
3,087,279
$7,839,603
$6,602,613
Div.
& int.
former
sales—
need
of
for
the
1.72,929
1,364,658
of
'
our
$7,972,595
Pi-ov.
$8,012,532
$7,967,271
.
products—;
products
net
expenses
Net
$7,695,304
2,800,000
_____
Federal
for
/
1946
$
•
1945
$
.
$
2,060,000
______
880 000
5,150,000
4,850,000
.
47,256,160
41,181,114
66,560,385
received
20,266,843
40,590,708
Settlement
income
The
annual
of the
tioin
$5,172,595
1978
interest
series will
requirements
of $178,125.
No
effect
AND
the
on
$2,817,271
$15,000,000
$2,690,304
of
Est.
proposed
to
be
Cash
incorporated
was
in
Cash
Illinois,
1923, under name Illinois Power and Light Corp. by the con¬
of
18
corporations which were engaged primarily in the
public utility business.
At organization it acquired the assets of eight
other companies engaged primarily in the
public utility business, and
stock
common
of
certain
interurban
railroad
companies
public utility
ating
capital stock and the funded debt of
four
steam
week
On
April
toe divest
14,
1942,
itself
of
its
the
and
SEC
terminal
issued
investments
in
its
facilities
order
an
company.
terest
in
less
the
of
1945,
were
in
St.
requiring
than
the
of
approximately
amount
the
investment
the
at
Central
carried
net
cost
such
in
the
disposed
investments
On June 3,
Terminal
thereof
to
accounts
of
its
of
tLand,
entire
Co.
the
1947,
for
were
carried
lor
$1,736,918,
and
its
v
•
.
company.
.$10.07
$3.91
3%
series
Jacksonville
ice
1
cos
1947
■
■;«iv.%
,•
oil
of
re¬
amount,
;i_/.
—_
2%%
Accrued
taxes
Dividends
Accounts
39,420,650
of
as
stock
is
nental
"Preferred
Earned
cos
201,416,604
155,576,507
156,567,860
66,643,898
59,688,956
for
the
FINANCING
Outstanding
$17,000,000
due
serially
250,000
1,250,000
1,250,000
100,000 shs.
50,000 shs.
tl,080,000 shs.
1,500,000 shs.
of
all
series
that
which
at
may
additional
time
any
be
out¬
bonds
indenture of mortgage
are
issuable only
deed of trust dated
and
1943.
the
Gas
will
part
as
with
♦
except
the
&
shares
with
new
of
bonds,
Electrical
stock
common
the
Corp.,
sole
which,
will
company
its
have
common
prior
issued
to
to
the
Conti¬
stockholder,
in
con¬
the
capitalization of $1,500,000 of the compaixy's earned
addition the company has entered into a contract with
United Light and Railways and Continental Gas & Electric
which, subject to approval of regulatory bodies
having juris¬
surplus.
In
Corp.,
stock
for the
provides
of
Continental
to
150,000
shares
purchase
for
the
prior
purchase
to
the
of
by
Railways
of
sum
July
1,
company's
SUMMARY
shares
of
$1,500,000
1948,
and
with
of
common
obligates
funds
stock
common
thus
for
Con¬
obtained,
the
sum
of
Depreciation
State, local
^
State
income
income
and
150,926
318.427,425
general contingencies
45,354,398
17,141,603
-
5,886,780
426,501
81,672,400
254,741,940
57,000,000
;
1,276,909
58,006
52,100
.
*1,212,648
*
1,166,730
51,460
35,540
941,700
1,452,100
ex¬
taxes—-;- j
%• Operating income
Other income (net)
1,427,873
.
1,134,200
$3,277,808
$3,021,637
181.369
194,822
$3,459,177
___
income
Gross
1944
\
1,454,341
,—
taxes—_
profits
cess
1
1945
$11,954,190 $10,759,501 $10,144,752
5,913.200
4,884,842
3,921,443
3,556,837
606,261
445,274
349.949
406,165
1,166,202
1,139,228
1,106,863
1,093,492
and miscell.
Federal taxes
$3,216,459
$3,175,438
:•
$2,433,888
48,445
v•
$3,223,883
17,297
■
25,574
67,272
" 100,126
$2,451,185
101,543
interest
$3,433,603
$3,149,187
$3,123,757
$2,349,642
interest
requirements
amounts
deductions
avail
for
annual
Total
•HISTORY
22,
1924.
"
AND
unincorporated
the
State
loosa
72,000,000
56,077,567
82,737,117
in
of
BUSINES8—Company was
furnishes utility service
communities and
Iowa.
and
-The
estimated aggregate
(1940 population 11,024),
aggregate
/ The
ice
in
three
The
of
-'i'.''
v
Iowa,
Oct.
municipalities, 90
in 23 counties, all in
the
of
entire
Company iurnishes
Des
Moines
population
in
six
of
other
population of
arid
both
environs
172,000), in Oska-'
municipalities with
17,000;
electric
service
88
unicorporated communities and
together have an estimated 1940 population
aggregate
company
business
City
in
96
population
350,000.
and
in
territory, which
141,000; and gas
servce,
the
in
territory
1940
$772,813.' .".,
organized
1940
1940
municipalities,
rural
approximate
Is
the
in
an
other
rural
estimated
company
service
gas
approximate
82
to
Company
electric
9,919,773
Years Ended Dec. 31
1946
$13,903,691
Operat'on
1,488,182
36,759,467
EARNINGS
Oct. 31,'47
revenues—
oper.
2,389,089
60,111,413
OF
12 Mos. End.
Total
territory served by the
81,672,400
(no par value)—
surplus
TO PRESENT
•
bonds
3,401,614
"
stock (par $100)
SCommon stock
Reserves
Ji__
1,
sub.
of
150,000
of
held
.
(par $10)__
with
1,
Aug.
be
6,000,000
unlimited,
tlncludes
to
issued
accordance
$1,250,060
amount
issuance
an
__;
payable—.
to
'
in
extent
additions,
so
1978
53,424,805
31,670,707
,
etc.„
!
payable
due
accordance
Bal.
620,118,971 559,960,739
<V
indenture
serially 1949 to 1953i
pfd. stock (par $190)
cumulative pfd. stock
standing
in
not
effected
the
To
property
bonds
withdrawal
due
(having
.
the
net
de¬
treasury
additions,
borrowings
additions.
new
(alter
its
Authorized
J 4,646,585 V
charges
payrolls,
under
to
issued
property
1946
206,187,801
;
;
;
invoices,
of
1948
Miscellaneous
28,022,292
—
.
buildings, machy. and equip..
sub.
such
against
Cumulative
%•.-
dis¬
properties
the
date
fund
principal
so
such
temporary
of
amount
trustee
notes—2% %
to
1944
.■
________
in
of
for
1
$4.42
was
Company
the
reimburse
to
made
issued
subject
mortgage bonds
3V4% series due 1973
6,024,396
,
LIABILITIES—
in
which
of its only urban transportation
system, which was located in
and suburbs, on Sept. 27, 1946 for $425,301, its Mt. Vernon
properties on Dec. 10, 1946 for $737,654, its Cairo electric and
properties and its Mound City electric and water propei-ties on
1946
3,873,436
BALANCE SHEET, OCT. 31
iy- .:■■■. %
Current
the company disposed
$6,800,000,
water
20,
12,735,746
Total
in¬
posed
Dec.
12,735,753
-
assets
Deferred
the
the
of
at
notice,
to
sinking
and
bonds
new
$89,000)
CAPITALIZATION GIVING EFFECT
$71,392,052 $98,142,108
Investment
company
Peoria
gas
5,717,068
24,477,210
5,717,068
y/y.%"../•%<.. ' V
■
the
estate,
Maintenance
22,326,257
21,525,935
share
common
strike.
Other
subsidiaries, Des Moines
Light Co., Illinois Terminal
the company
which
company.
in
per
of
at
principal
First
Federal
!
Inventories
Louis,, Mo.
the
surplus—__—____
U. S. Government obligations
"Accounts and notes receivable
capital
Terminal RR.
for $19,542,207,
which, exclusive of
savings expected to result from the sale, was $27,312,-
tax
12,500,000
21,226,263
stock
com.
wH:KV1
com¬
Illinois
accounts
its
subsidiaries
In December,
substantial
821
such
Crl,775,000
5,717,068
pfd. stock
on
ASSETS—
Light Co. and Iowa Power and
RR., Central Terminal Co., and the company's water, ice and transpor¬
tation properties.
In September. 1943, the Iowa subsidiaries were sold
for $15,220,000, which was
$3,052,105 in excess of the amount at which
in
8,287,000
______
Iowa
Electric
investments
25,950,000
,
profits tax
Cash
disposed
warehouse
tax
sale
not
are
6,000,000
48,469,266
on
.
in Illinois, which in 1937 were consolidated with the
railroad companies acquired at organization to form Illinois
owned
income
excess
but
the
2,500,000
;
Cr524,538 Crl,798,351
,♦ Including $109,069,095 in 1947, $61,719,028 in 1946 and $52,349,019
1945 sales to subsidiary companies,
tlncluding in 1946 approximately
$6,373,000 plant overhead expenses incurred at 10 plants during a 13-
oper¬
railroad
Terminal RR., since disposed of.
In 1932 it acquired all of the
stock and certain indebtedness of Central Term:nal Co. (since
ofjt which
700,000
Cr261,948
in
panies operating
interurban
of Fed.
fund
litigation
(net)
>
in Illinois and St. Louis, Mo., and certain
com¬
panies (since sold) operating in Kansas, Iowa and Missouri.
Since
organization it has acquired the assets of certain other public utility
companies operating in Illinois.
Subsequent to organization it acquired
aU) the
divs.
Earnings
.
interest
optional
100.85%
construction
Cr7,142,778 Cr7,759,408 Cr2,472,876
income
divs.
Balance
solidation
the
pension
source)
constructed.
BUSINESS—Company
published
days'
$1,500,000.
companies
at
patent
income
for Federal
refund
Net
reduc-
a
May 25,
aU
sub.
Cr615,275
bonds
the
$468,750 which will result in
to
of
Miscellaneous
taxes, computed at present rates, in the amount
is given in the above summaries to reflect the
properties
HISTORY
to
amount
of Federal income
operation of
$5,072,532
from
1943,
estimated
with
tinental
etc.,
Cr454,155 " Cr987,468
withheld
taxes
Provision
Net
securities,
amortization
(less
155,000
redeemable at option of
lot from time to time,
its parents,
sa'.es
receivab'es,
on
1,
from
provisions of the indenture.
nection
61,366,362
from
net
the
trust
"The
289,917,492741,251,816 485,327,755 332,093,187
—
——
Contribution
deductions —
3s;
to issue a substantial part of the
property additions acquired or con¬
de'ivery of its indenture of mortgage
not previously bonded and to apply
proposes
and
part,
to
the
3.30%
______
—
sales
revenue
less
taxes
Income
on
Special
by
accrued
and
of
bonds
new
deposited
31
414,804,752 540,238,857
1,450,599
in
finance,
and industrial income."
tCost of goods sold and other oper¬
ating charges
613,325,069
Divs.
Total
be
part
initial
a
of
equipment
users
482,327,755 622,010,679
Int.
85,674
103.99%
basis
Aug.
proceeds
Promissory
Selling, collection and administrative
income from
plus
the
execution
the
expenses
to
741,251,816
$6,244,705
subsidiaries.. t
of
as
Common
3,372,236
$7,U86,921
____________
11
w
in
15
on
prices
case;
are
the
on
since
diction,
Bajance
Bonds
portion of the expenditures
including repayment of $1,000,000
,
continue
INCOME ACCOUNT FOR THE YEARS ENDED OCT.
$9,616,941
bids
Other
100.51.
of
for
.'
■.
time or
1977,
1,
each
net
for
year
demands.
expected
programs
products and the high levels of both farm
18,767,665
$9,689,892
Aug.
ducting
toward increased sales to continue throughout
ayailability of materials and the course of labor
relations
are
satisfactory.
The
current
increases
in
sales
volume
reflect the increasing output of our new
facilities, better supplies of
"Total
20,602.322
York,
Aug.
on
in
bonds
the
the
Non-war
$9,599,335
bid
a
notice, or through operation of the sinking
1, 1954, and on each Aug. 1 thereafter to
redemption
expect'this trend
provided
War
22.918,563
at
1978,
W. C. Langley &
White, Weld & Co.,
Blyth & Co., Inc.,
& Co., Inc., 100.103 for 3s; Glore,
and the First Boston Corp., 102.17
3'/8s;
any
PURPOSE—Company
new
Ky.,
$28,384,606
$9,259,847
due
■
structed
issued
revenues—
oper.
on
100.4397
,
in New
demption prices
respectively.
quarter of 1948 compared with the same quarter
on the outlook for 1948, Mr. McCaffrey said:
ago;
"We
income
cn
part
including
be
the
.
taxes
16
Ripley
for
published
redemption
Commenting
year
Operation & taxes, other
than
Feb.
Hutzler,
.
whole at
equal
1944
1945
series
3%
1948; due Feb. 1, 1978.
Interest payable 011 Feb. 1
each year at the offices or agencies of the company
and
in
days'
in
and
1,
in
1
applicable
short¬
'
Chicago
30
102.275
Feb.
company
&
Harriman
3s;
'
Aug.
on
Bros.
Co.,
cash
1947
1946
for
3Vis.
and
in 1948.
volume
Net
$30,201,657 $29,803,951
bonds,
Feb. 19 offered $6,-
on
3s; Kidder, Peabody & Co., and
3s;
Lehman Bros., 100.289 for 3s;
for
the
a
with
Offered—Halsey,
Co.—Bonds
for
&
Dated
of
Light
awarded
was
100.42
for
on
&
mortgage
Salomon
Co.,
that
—Calendar Years—
Nov. 30, '47
$32,178,415
issue
The
were:
100.401
by far the highest in company
1247 of $48,469^000 was the largest in Har¬
for
clo_e
new
which began
OF EARNINGS
12 Mos. End.
revenues
product requires
a
plant, therefore,
Co. Inc. and associates
first
Forgan
Service Co.
Operating
Jose
100 99 and interest.
of
were
new plant construction job undertaken since the war.
The
is substantially completed and should attain corisiderable produc¬
February, 1948, in payment for certain securities of Kewanee Public
SUMMARY
of
San
Power
Iowa
Shows
to
tion
362.169 shs.
$1,192,467 shs.
compliance
upon
of
shares
16,000
Report
plant
"St. Clair County Gas & Eleetr.c Company, guaranteed as to prin¬
cipal and interest by American Gas Co. (now dissolved).
Liability for
such guaranty assumed by North American Light & Power Co.
tAdditional bonds of the 2%% series due 1976, 3ya% series due 1978, or of
other
Co.—Annual
generally
was
the
1548
5,000,000 shs.
Blosser,
only large
9,000,000
stocX—
&
166, p. 468.
vJivV
Evansville, Ind., Melrose Park, 111., and Stockton, Calif., the company's
farm imp.ement division plant, Memphis Works in
Tennessee, is the
1,000,000 shs.
par)
Straus
%.%.{/;.
such
continu'ous control and
has two laboratories, one for
testing and control and the other for pilot planting new
processes and developing improvements in existing processes.—V. 167,
p. 746. v:
The
day-to-day
shares
the
increase
1.233.000
and
120,000
plants
of
The
9,000,000
'
■
May,
the plant for pharmaceutical use.
glutamate is widely used by food processors and chefs
restaurants.
manufacture
research.
its
satisfactory, leading to the expectation that
new
facilities
will
be substantially
completed
and
will
continue
to
increase output during the 1948 fiscal year.
Outstanding
$5,000,000
1956
income
affected
direction
15,000,000
par)__
covering
withdraw
required by the company's postwar expansion program!
fully completed arid equipped in 1947, but the fiscal year saw
new
facilities working up toward full production of the
product lines assigned t0 them.
The progress during the year in that
$45,000,000
1953^.__
due
($50
pfd.
conv.
stock
5s,
2%%
stock
<
■-
■
1945.
not
most
,
tUnlimited
»
"Non-callable
New
were
Of
tUnlim'ted
to
ages.
after the
outstanding
be
Capacity—
at
and
100,277
the
at
adversely
series:
1978
permission
1947, and $410,000 interest and miscellaneous
income.
Total net income per share of common stock was
$10.07 in
1947.
This compares with $3.91 in 1946, a year in which results were
FINANCING
PRESENT
TO
of
production and
net
invested
debt securities, or both.
or
hotels
in
invested capital.
Net
income from sales amounted to $41,069,000, or 5Y2 cents on each dollar
of sales.
The re_t of the net income consisted of $6,990,000 in divi¬
dends from subsidiary companies in which Harvester had
$66,644,000
additional
Such
aggregate $28,000,000.
for
SEC
Harvester
vester's experience and was
shows the capitalization of the company at
following tabulation
30,
issue
may
include capital stock
the
underwriters.—V.
as
increase
an
history,
.
in
Regis-
000,000
Because
three-year
period It is expected that $16,000,000 will be expended in 1948, $20,000,000 in 1949 and $17,000,000 in 1950.
In order to finance the above construction program, the'company
will have
a Mailable
the
proceeds from the sale of the bonds, after
payment of bank loans, and cash expected to be received from opera¬
tions in excess of its requirements for working capital and interest,
and dividends wh ch may be paid.
The amounts so available will not,
in the opinion of the management, be adequate to finance all of the
construction requirements of the company during the next few years.
Officials of the company estimate that, based upon the present level
of earnings and current
expectat:ons as to the probable progress of
the construction program, a portion of such program will have to be
financed'through the issuance of additional securities during 1949 and
1950
,<
late in
quantities in
plant began
substantial
in
sodium
Mono
-To Withdraw
$482,328,000.
$4,000,000 per annum, a total of $12,000,000.
estimated expenditures of $53,000,000 during the
securities may
1,000,000
Stuart &
was
at
the
1,000,000
1,000,000
252,000, reached the highest total ever achieved by v the
company either in war or peace, John L. McCaffrey,
President, said on Jan. 26 in the company's annual
report for the fiscal year ended Oct. 31, 1947.
This*
property
company's
the
to
Co.__,
Co.____
Wisconsin
The
asl ed
International
Southern Division.
the
of
:
the
of
it
into
Record Sales—Total sales for 1947, amounting to
$741,-
power
to
v
Corp.7-Amino
amino
new
vy.':'£"y VC;
of
Wood
has
Chicago, were named
stations to load centers "at an estimated
$11,500,000.
During 1947 a. 138 kv loop from Havana to
Decatur and Bloomington was completed.
A second line from Havana
to Decatur is under construction and is scheduled for completion late
in 1948.
A line from Havana to Galesburg is under construction and
is scheduled
for completion in
May, 1948.
Additional lines planned
but not yet under actual construction inciude an additional line from
Havana to Bloomington and to the Northern Division, two lines from
the Wood River" generat.ng station to Belleville and a line from the
from
energy
The
regis trat ion
statement iiled July
24, 1947,
($1 par)
common
stock.
Brallsford & C6.
boilers.
The
completion during 1949;
two generating units" and two boilers are
for operation by Dec. 3, 1949, and the third generating unit
and boiler are scheduled for operat'on by Dec. 1, 1950.
7
(c) 'The construct on of 138 kv transm ssion lines and substations to
cost
Sons,
746.
company
scheduled
transmit
&
2,000,000
167, p.
The
poundbuilding to house such .units is scheduled for
per-hour
Rollins
$1,000,000
-
tration Statement—
plate rating of 40,000 k lowatts capacity and three 450,000
cons
Brothers
H.
Inc.
Illinois Rockford Corp., Chicago
generating units each with
three
ment
corporation's
Raw materials first
1947, and the first
commercial shipments went out in June.
:"rV
'•
The raw
material utilized by the plant is a liquid by-product of
the sugar beet industry which arrives in tank cars from refineries all
over
the western slope of the Rockies and coastal ai*ea.
After going
through a complicated technical process covered by patents owned by
International, this material emerges as mono sodium glutamate, a salt
of one of the amino acids which has a unique ability to bring out the
natural flavors of many foods.
In addition, several amino acids are
went
manufactured
River, 111.,
this
2,OoO.OUO
Inc.
for
site
that
Constructioh
to
station near
generating
River
Wood
the
E.
at an estimated remaining cost df $18,000,000.
The
this plant was purchased during 1947 and the fill required on
site and excav'at on for tunnels was started.
The initial develop¬
Wbod
v
products plant at San
105% of its rated capacity for the month of January,
rate Is being sustained^, according to Louis Ware,;
was
and
1948,
this
at
President.
Co.,
Hallgarten & Co
Lehman
operation late in 1950.
(b) The construction
of
Jcse, Calif.,
.
Corp. $3,000,000
additional units is well un¬
der way.
One additional generating unit and one additional bo.ler are
scheduled for operation in the late fall of 1948; one additional generat¬
ing unit and three addit'onal boilers are scheduled for operation in
the late fall of 1949, and the remaining generating unit is scheduled
to house such
the budding
on
Chemical
&
••
The
Goldman, Sachs & Co._
Harris, Hall & Co. (Inc.)
and
Production
of
severally
Minerals
Products Plant Goes Over Rated Production
other
PURCHASERS—The
to
'
547.
p.
International
85 % of the company's total energy purchased and
during the 12 months ended Nov. 30, 1947, was purchased
companies.
Company has a program for the construction
of electric
generating stations to supply substantially all of its re¬
quirements.
S"Soro^S"oirth
dations
167,
heating,
Approximately
from
proposal
a
declared, payable April 15 to holders of record March 15. On
15, last, a special of $1 and a quarterly of $1 were paid.
split-up of the common stock will increase the voting power
of
each share of preferred
stock from four votes to 12 votes for
each share held to one for each share of common stock held.—V.
percentages
steam
Common Stock—
approving
on
The
by classes of service, were
company,
Electric,
13
May
been
generated
additions from Jan. 1, 1948to Eh*. 31, 1950
in an amount estimated at approx mately «3,p00,000. .
The Mojeqts
included in this construction program and wnich. are either under ponfor property
penditures
Ill.no.s,
of total
financing
to make (ca-pita-l ex¬
PROGRAM—Company proposes
CONSTRUCTION
of
t^e.compa"Li0rfnCr°7inanJine
to be used by
are
short-term bank loans made for
construction expenditures.
Such loans, payable to Gua a
y
of1 New York, amounted to $4,000,000 on Jan. 31, 1948.
the
for
vote
will
Jan.
.
All
stockholders
The
split-up the common stock on a three-for-one basis. The usual quar¬
terly dividend of $1 per share on the present common stock had
■'
and
Monday, February 23, 1948
also
only,a
1940
produces
districts
of
five
municipalities,
company
furnishes
in
three
population
and
sells
municipalities
of
9,000.
steam
municipalities,
and
sells
electric
electric
energy .at
or
+
having
.
•
hot-water
gas
of
,
manufactures
and
in
an
heat
and
In
sells
appliances.
wholesale
to
five
small
three non-affiliated utility companies, one affiliated
utility company and three rural electric cooperative associations.
Approximately 91% of the company's electric energy requirements
municipalities,
.
Total—
"After
620,118,971
reserve
for
losses
559,960,739
of
$5,771,087 in 1946 and $5,810,448 In
depreciation of $120,048,887 in
1946 and
$124,043,657 in 1947.
§Issued 4,409,185 shares, less in treasury 163,486
in
1947 and 163,482 in 1946.
1947.
tAfter
reserve
for
for
the
pany,
from
Iowa
12
the
months
ended
Oct'.
31,
1947,
remainder being purchased
Omaha
Public
territory.
Power
District
were
from
for
generated
by-the
other utilities,
the
company's
com¬
principally
southwestern
(849)
9
"
For
the
12
company's
months
total
Moines rand
ended
revdnufes
gas
its
,
cipal
amounts
spectively,
of
are
1947, approximately 82*%'• of the
derived from gas sales
in
Des
:'V i
''A
11
31,
was
environs
the several purchasers
names, of
bonds
follows:
agreed
to
and
be
purchased
Otis
—$1,900,000'
William Blair & Co.—400,000 ■ '
Merle-Smith.—
800,000
Illinois Co.—-400,000
Mullaney,
—-V.
Ross
&
Co.-
it further."
Rothschild
Walter
prin-
them,
gECj
,
651
pp
and
Tnomas
&
250,000
47.
the
250,000
;
'
'
v
Co
4,0.
,
'
.
150,000
Six Months Ended Dec. 31>-~r;
*
,
:
■.
.
'
■
of
goods sold—
Selling, administrative
Provision
——:•
we
are
to look
going
Lee
into
to
discuss the
with reporters. '
case
withdrew
companies
from
The
contract
a
to
offer
Net
-t
o
Ofte Rr Cn
Operating
profit
Commissions
oil
________
foreign
..
sales,
—-—■-
from
Says
the
New
Could
etc
£
A—-
—
Total
Income
Interest
Provision
Net
*1
—----•
lor
Federal
---
Damages
f7c
7 •
i.'™,
••—9.6 5
——
income
taxes
income
common
oA1
■-
paid
First
i&qoo
outstanding
Street Journal"
Feb.
.
income
"compelling
-v^S.7 ™ sh»re--~---------:
'
■
■
.
•
.
Jahn
The
able
of
Oilier
&
directors
March
like
1
Engraving
have
to
amount
declared
made
was
Dec.
on
1,
of
Tea)
Do-
Four Weeks Ended
'
'
Retail sales
1948 —;
$11,273,742
V-167,
______________
746.
p.
%
-
"
>
,
$8,637,818
•
on,; stock
(February
'
♦
»
1947
.
•-
Sales of shoes, (charges to customers for sale of
shoes nmnufnetured in the United
Statesi-j $5,047,298
Other income
rities
income
>
.;/'■■/
are
stock
damages
suit
number
same
of
of
$11.50
be
similar
a
charged
another
at
said- to
Refusal
..
of
caused
it
to
interest
to
to
by
to
of
one
Otis
&
amount.
induced
Co.
underwriter,
to
that
of
the
with
number
a
:
-Profit
Div.
v.
did
Corp.
Div;
:•«
Kaiser-Frazer
Corp.
the
$2,500,000
last
to
compelling factors by
year
par
of
_5120,703
----
stock
com;
issued
In
Mar.,
1947
upon issu-
above
47,592
Allen
name
committed
&
Co.
for
was
a
•/
—™-_™-
ii'-ill'-v
8,093
Balance
•'?
surplus
Profit employed in the business
all
begin, of yr.
at
1
.
—:—;
surplus.
K/V
/•;"///7.^-:
Total
/■'■''//v'r
———
,
BALANCE
&
Co.,
:
Wholly-Owned
^
In
7 '
7
sm'hOl
$78,961
—
Receivables, less estimated
Assets
in
♦Other
to
bad
debts..--
699,103
all
to'
29,170
214,667
73,628
—
,
• ,
.
also
the
deal.
&
Co.
charged
to
bring
James F.
Detroit
stock
court
Mr.
Masterson
"inspired"
on
by
stock
suit
167
p
had been
Otis
against
first
000 .U.
&
the
said
that
morteaee
(Neb.)
Dreferred
provement^
«
" 29,500
$io)——
the
532,705
bonds
fias
V. 167,
Feb.
on
due
2
stock
$2,131,995
"investment
in
cash
and
value
advances
of
life
to
cludTgSoo sharefTn" treasury I
(including
100
treasurytshares,
iralcAit VntTAP
Jtvaiser-Jtiazer
domestic
insurance
Pavn
costs
deferred
not
Laclede
with
Thp
corporation
announced
2,200
oarl
at
19
foi
stock which
they
stockholders.
"The
of
the
tract.
into
stock
It
served
made
of
a
that
it
plans
to
It
offer
rights
to/>
has
by
by
been
&
damages
money
appropriate
corporation
who
in
entered
their
belief
"•
Fed
f.rtueAitn»>Pt.n
counts
that
receivable,
rate, of
,],«
01
be
for
peiform
the
&
the
be
fixed
puiposes.
the
upon
Co.
sharp
from
Co.,
one
/
action
looking
the
in
filed
with
the
that'
and
the
14,
the
that
con-
The
would be
have
been
stock
in
National
lecoveiy of
due course
'
*
■
Association
declared
payable
comoanv
date
naid
regular
to
1
of
35
holders
ouarterlv
declared; payable
2662.
March
per
1
on
per
record
dividends
share
to
the
-n
tor
of
5%
30
uC
^
said, that
Allen
obligation.
.
&
Co;
'
.
stock,
have
at
and
Mr.
time
no
Kaiser
and
attempted
Mr.
Frazer
today
to-repudiate
their
The
E.
..••^'"Meanwhile
the approach to the
corporation's stockholders with an
offering of additional capital stock to provide additional funds needed'in the company's expanding business will
be made
with
the
assist-
of-investment
ance
security
by Alien & co.
:
,"The First Boston
.
;>
dealers
v
.
®gare of
^mounted
i
one
$37 50
activities
will
be
managed
fcEC
,
.The
commissioner
r
,,
calls
O.
^
for
t„
case-a
uivr
Mess
„
,
a
.
Ltd.—Earnings—
y-Owned, Subsidiary Lamaque Mining
.
r
....
..,,
v
T
.
7
Tons; milled
__
...
Operating
from
Income from
;
general
lor
two
$1,357,938
$589,819
$356,450
investments
1,001,488
26,809
Broad
stock
common
a
Appointed for New
Recapitalization—
St.,
New
York,
N.
Y„
has
at
$20
1,
1950,
share,
per
for
each
th^nraferrad^tfek
on
acciuals on the piefeired stock
'
..
.
..
.
,
warrants
>
.
exercisable for
are
and ending Dec.
a
period of 10 years
31, 1959.
Issued provides, among
are
Jan,
on
There
no
il
6,
Net
sales
1954.
v;;-
_i_
u.
_
profit
S'.
*
profit
167,
per
'
'
have
of
declared
$4
cumu-
3075.
1947
1946
$10 843 720
"iiiconie"
"
$7 086 539
861255
706 694
taxes
"
336,056
,rv-.-
269 625
199 906
(tentative?
taxes
164 482
!
^
'
•
Common
'
$325 293
I
share
—
$272587
~
$0 36
"
434
p.
162, p
_
:
•
Net
directors
/■
Fed
Canadian""incbnie
and
the
•
r
'—
_
that
Corp.—Earnings—
before" depr "laid
Depreciation
'_i— ''
Net
'
30,
outstanding 27,623 shares
value.—V.
par
Quarter Ended Dec. 31
■
1948,
were
^
hipitl Carbonic
'
for
Sinking
June
on
warrants,
announced
effective.
Lit Brothers,
40,523
$616,627
The directors
$029
■
Philadelphia—Tenders
Received—
•.
Feb. 17 announced that tenders of
8,292 shares, $100
par value cumulative preferred stock, have been
received and accepted.
Tenders .in this amount were invited
from
preferred stockholders on
jan.
21.
Of the
authorized preferred stock
outstanding, a total of
70 000 shares remain.—V.
167, p. 548.
$396,973
on
-
.
t
Dominion
income &
excess
stock aase was described, Feb. 19, as a "mess"
*.
\
\ •
Commissioner, who said the SEC will investigate, it' further.'Nee pront
T_^__
_
_
—;_
been inquiring into the sudden withdrawal on
Feb. 9 of
Common shares outstanding—;
banking firms from an agreement to offer 900,000 shares of the
Earnings per share.—
prof,
taxes
117,617,
"'Estimated.—V.
167,
p.
47.
—
.•
1-,$499,010
3,000,000
J
The
SEC
^$291,108
3,000.000
$0.17
$0.10
p
own
Louisiana Power & Light Co.—Registers 3xtuu SEC—
With
106,865
:
—
has
55
under which the debentures
,
1946
145,315
$1,785,746
1,195,927
operations
and
Preskien''
,
Kaiser-Frazier
automobile company's common stock.
Co.,
,
including provincial royalty
mining
record
B1»en-
,
1947
___
.Total, income.
Res.
.,j
high
D'
^ Co
„ deslgnated „ the
com)Jany.s agent
purpose of making the exchange of the
outstanding preferred
for the new debentures and stock
purchase
plan
V.
_
a. new
Co. Ltd.)
,
_
fiont
;
coses
.
209,495
_____
Gross value of bullion pioduced___
SEC
SEC
indenture
Earnings
.
Mines
.
by
The
President;
$99,316,130,
share
ner
.
lative preferred stock,
'
Ostergren,
V
W
p.
hel!jJS -cJuak
to
was
the
President; C. J. Reese, President of Continental
A. Becker, were reelected.—V.
167, p. 652.
157,
the
stock
18.
H.
Gold
='
r
fund provisions become operative
rents
,
/ Years Ended Dec. 31—
Stockholders will be fully informed
by the corporation concerning
the details of the offering when the
plans have been developed."
.
nominees—J.
...
things, for interest at the rate of l% for the first year; 2c/o
the second yeal'I 3'^ for the third year and 4% thereafter.
18
preferred
'■/
share of
commencing Jan.
It
management
Vice
insur-
$10,765,674.
'
Trust
/ -v
The stock purchase
:
ties.
.
four
Tf
whose
Corp. has been retained by Kaiser-Frazer Corp.
give advice and counsel in connection with
questions relating to the:
organization of the security dealers, the timing of the
contemplated
offering to stockholders, the offering price of the
stock, and the commissions to be paid to
security dealers in connection, with their activi-
n
other
Jones,
Lamaque
,
to
„„r,
R.
,VMotors Corp., and
...
alteraunamor-
prepaid
^
t on the basis of $60 principal amount of
stock purcliuse wurrsnt entitling the holder thereof
&
ta Puvehase
30 cents
,
to
'
Manufacturers
debentures, plus
will
Co.—Director Elected by
,:
commissions
rat
build-
J,Xng"ttlSd'VebHttttrS" due*1978 °f ra'esv'TbentuMs S/'issuable
AS
share
Feb
holders of record Feb.
7.
leasing
Liberty Baking Corp. — Trustee
Debentures Issued Under Plan of
The
Dealers, which is the administrator of a code for
registered .
ptv»Lis.iruiuei.& vjiuup-^-dealers under the supervisory jurisdiction of the
Securities:; Vr- The independent stockholders; group opposing three
and Exchange Commission.
management
Facts relating to the unfortunate incident
nominees on the board of directors
of this
will ultimately be available before these forums.
company on Feb. 17 elected
'
one director
by. the cumulative voting system permitted under
Michigan
/./'A -satisfactory arrangement has been reached with Allen & Co.
Jaw.
M. B.
Hott
was
elected
to
the board
to
succeed
James
H.
regarding their commitment in the recently, terminated public
offering
Ferry, Jr.
common
sold
land,
taxes, *«.
,$91,805,
estate
$60,033;
property
$1'25,490;
John
security
Kaiser-Frazer
011
•
amounted
year
'
»
Prnnn
on expiration of lease for
1952),
,,
-
ac-
Libbey-0wens-Ford Glass Co.—Record Sales—
'
Lakey Foundry & Machine
in
'KJ?,'Z
piepaid leal
totai. no.fes.^.-v.
Sales last
CoiTHTlOll
cents
of
balance
total,
8392.879;
'
r
35-Cent
dividend
a
March
quarterly dividend of $1.25
also
p,
ctopn-hnlriprc'
of Securities
of
with
$526,825;
v
^ USGd
subscription
guarte^J dividends
usuai
was
7_V.,166,
directors
stock
common
prev.iouslv
purpose
towaid
courts
Feb,
the
fund),
X ZS&S
record
OK.
office
LIABILITIES F01 supplies, expenses, services, etc., $113,729; accrued salaries, wages, payroll
taxes, and taxes withheld from employees, $8,681; dividends payable on
prior preferred stock, $11,089;
accrued taxes, other tlian taxes on income, $186,420; accrued interest
on "mrtgages and bonds, $38,458; accrued Federal taxes on income
btOCk
-
rn
and
for
payment of real estate tsxes,
deposit with the City of New York for
on
—'
'
pn,„n»
-,
,
ner
*-a
$131,-oO
_
mortgage expenses unamortized,
$63,363;
other expenses, $44,988;
and
ance
Stockholders—
as
.
purcMse
undei
statements
deposits
unamortized,
tized- $65'621'
'
delivery Of the debentures
c.inoPiA«.nLf..i/.4
;.
____
deposits
cost)
55,434,811), $9,60-,576,
l ^ for tenants
recently ofsinking fund bonds
LRKe oUpcnor lJlStriCt "OWCP 'GO.
Dividend—
On
refrain
Otis
(at
Mtf'mmP
the
shares of $5
"6104
13°-°°0
mwioa
$236,124
BALANCE SHEET, SEPT. 30, 1947
$81,501;
$5,340. annually
,
T
,
nstituted
will
to
constructive
no
on
to
with
n,,
(demand
553,704; securities
nnmes
Trust
ran
2-406
172«500
rio
$274,610
J
una
o'ors
2-°8j
ono
217»000
720
'
««nn rao-
917
$305j933
—
CONSOLIDATED
'•
*
Co.
'
would
747-
P-
ou
press
contract
a
failed
Appropriate
been
complaints
endeavored
public
into
commenting
Co.
have
the
subsequently
has
that
stinf
q'Lr
9»90b
Q,,
$2 0(1-
.•
i/q^i
11,97!
-
J»W
ijStS?
2
♦Before deducting loss of
$177,032 on sale of property, less resultant
reduction of $143,500 in Federal taxes 011 income,
$33,532, making the
net income for year, $241,078.
"
' •
a
not be made earlier than March 15, .nor later than March
23, 1948.
However,, this date may be further extended under certain
conditions.—
_
the
Publicly
Otis
expected
,n.c
«
$2 nn« s79
0701190.
inMmp
The
■'-/
and
as
'
^aA»
/v'-;
""" /
Inrmnp
ncome
debentures for each* 40- shares of common stock held. The unsubscribed
wilip bG publicly offered by a group of
underwriters
desirous of selling will be offered to the existing
controversy
underwriters
common
•-
>
.
officers
entering
are
24
-
'
portion
stockholders, but the price and the number of shares to be offered were
not announced.
The company's statement follows:
'
"After thorough deliberation the officers and
directors of KaiserFrazed Corp. have reached the conclusion that the
additional common
,;
Feb
$9,040,485; less reacquired
(Dr)$795,460; total, $20,503,812.
:.v
$2 (185 732
income
Nph
•
-
surplus,
cost
v
"
in
•
Light Co.—Offering to
Ifwas expected that
Dffpr cfnrlr frtr
yItcr/:& tGCK lop Ciiih«prir»tinn
Feb.
Gas
stock
Denrec' SS"Liir£"/ "J"?"
Srov
it taxes
av7v
e
c'
198*6"8
hiddSt
1948:_V.
by Stockholders—New Underwriting Deal—
The
capital
$5,822,407;
receivable
First
470
"C.'Vand accrued interest),
appropriation for general con(par value $5 per share), $1 500-
wn™«77g<fnn.$ 12'27°ii) deP°sit returnable
building, $3<,500, second mortgage
Pr^fprrpri
the
offered
tno
'
allocated
deducting'$1
(after
series
$293,862;
■■■
deny
in
545*
$6 346
Realty Corp. (•& Subs.)—Annual Report—
«,rtf
other income
SEC—
fo^ntan^fmnmvlminf—'WlU
$i;652,523
companies,
patent
"loW and °1,580 n" parities
^
-'a
in
in
To
"O
v/Oip#
and
notes,
.
pre-
charges,
$450 000)
(including
acceptances
$32 032)
withholding taxes payable, $1 221 073;
_•
charge
bring suit
to
1947
wSTP:
income taxes
2420.
p.
Ooeratinsr
,
Offered 5,278 shares of 6% 'cumulative
preferred 'stock
(par $10). The bonds were offered at par and the
623,894
31,
.
WH ?! $U?h7
Peters, Writer & Christensen, Inc.,
272,325
OCT.
Iutu"
;
shares—at
Gross income
"inspired"
1978
548.
p.
SHEET,
■
sub-
concern
comuetitive
&
390.120
Total
savings
surplus,
Lefcourt
Kaiser-Frazer
Tn
and
fered $125,000 1st & ref.
mtge. 4V2%
$ue 1959, In addition
11,200
employed in the business..
Remainder of profit
166,
Philadelphia atoffering of Kaiser-
stockholder
treasury st.-ick
on
and1
reserves,"
stock—46,416
-
^Chnstensen, Inc., and Boettcher
Kuner-Empson Co-Securities Offered-Peters, Writer
Z$2
&
64,980
m«.X——
Treasury
ttabtt wtpo
Co.
of
payable
expenses
operating
capital
Co.
a
? Natuiai t^as CO.—Pielerred'
&
out
a
an
registration, statement
a
Natural
cumulative
and
746.
p.
issued
share.
BALANCE
Federal and State
000/ capital
current
nor
Co.
•
oepicciation slid'amortization ofMmiTl'
l4P
tingCncies,'$1,500,000;
—V.
willing
were
construction and otnei coipoiate
1
$5.38
'
.
per
banks
reserves
for
S.
$75,750;
on
Offered—Cruttenden
241.509
$5.00
,
restrain
3, ie dSSmlned throueh
b" used for ^construct
ai^^
548
'
241,503
$8.91
'
provision
were
&
negotiate
confirm
Masterson,
to
filed
n
Of Lincoln
cn°oVeM
jvaT!
(par
$40
in
$1,845,696; accrued
Investment
Electric Co.—Registers With
$5 000 000
wUl
'
Kaiser-
we
Allen
Rumors
might
that
Kaiser-Frazer
a
167,
Feb.
241,509
$9.47
^
$100)————
(par
preferred
of
ASSETS—Cash
Kansas-Nehraska
$1,652,523
^^ ^
fn1t"imeLF odn ba..iknta'nrdSe
preferred
_y
!
375,845
second
suit
false."—V.
253,584
^
the
••
t
6%
of
Allen
underwriters
^eds
p
'31 430
!
$2,131,995
—
4Vo
Co.
95,334
98 500
-
—
LIABILITIES—
&
coverjng
'
:
-
Total
a
543.395
j
LIABILITIES—Accounts
r
Kansas Gas &
gg^-,
774,010
_—---Zl-ZZ----.-
—
part
and
principals
court
The company
485,187
38,475
406,504
foreign countries
assets
Otis
"absoluteiJ'
:
$226725
$22,725
.736,819
operations
■
-
Philadelphia,
that.
is
Subsidiaries)
inventories, at lower ot cost or market..—
Prepaid expenses
——
Land, building, machinery and equip, (cost not
allocated
its
common.
31
(aftel.
'
....
(Including
.
—
t
payment
would
neither
;.
petitioned
ASSETSCash
reports,
$1,299,819
603,773
of
menj
Tuesday
which
York
New
spokesman said nis company
out
both
Frazer
-
AUGUST
J(
,
but
torney,
623,894
;
SHEET
Co.
6,
'/
7' $662,445 r. $623,894
—-————-.——
CONSOLIDATED
•v-"
.
—4.272,325''
——
deal;
these
&
carry
Kaiser-Frazer
$1,206,594
905,659
£,"&
.
225,000 shares, or 25tt of the
participant but not a manager
Sent
:—,\ .a Kaioftr-Frazoi' stockholder
$623,894
; Detroit .court.
On
Feb.
—;
Total surplus ;——
—___—$662,445
Designated as permanent capital™—————
7 390,120
Earned
"stitute
':.
to
that
13
623.894../);.; 513,700V-Kaiser-Frazer's
•/
(
$110,194
Allen
an
times
Feb.-
:
$38,551/
________________
However,
10,509';
•
:
•
/"S'S^ofexpSed
v'
value
v«fcW
____
other classes of stock retired
on
ance
.
for
assigned
itself.
telegram
-.
$2,153,338
11,207,527
,
following
—
hand; $5,203,119; U. S. Government
cost, and accrued interest, $1,494,578;
accounts receivable
(after reserves for doubtful
accounts and cash
discounts of $247 479)
$2,779,482; inventories (after valuation
reserve
•
not
was
/.'.'proposed.offering.: Allen
—
—$2,402,305
ASSETS—Cash
expenses
$1
on
——
income
250,000
1.226,973
——
-securities—at
im-
ot
-.i-—
12,075 shares,
at
underwriting.
Kaiser-Frazer
the
.
and
3,692,708
"•2,100,975
425,000
V
termi-
-$5,396,090
$3,634,284
of the
underwriting syndicate in the offering. Otis & Co. and First
-™._J5,-40,123 -- 3,429,465•
^California,',weie' the: managers. For this reason, Allen & Co. was
Estimated Federal and foreign taxes on income v..7
given
61,731"/ 84,116
a
week's .time," Kaiser-Frazer officials
said, to pay about $2,500,000
Costs
v
1,828,925
—1,556,284
CONSOLIDATED
from
comply
restore
the
:
tlrim-whiei,
$5,242,557
10
and
directors
was
Kaiser-Frazer suit
289,226-Csba,lklng
—
taxes
shares.
withdraw
unable
iu
exchanges
the
$4,262,492
t—
60,782
"-Special amortization of certified
emergency facilities claimed under
acceleration provisions of tax
laws.
{Including $483,000 representing
5''/o in stock, consisting of
due
3), at a cost in excess of $2,500,000 be purchased
by the
the company's cost.
Kaiser-Frazer Corp. and Its secubeing subjected to mounting criticism on account of these
^Frazer treasury
?.vinlluerced.V -
$3,345,058 ;'
~
-
■
^.'z/
-
standing
(par
$5)_„
Earnings per share
,directors at
-
-
348,792.
•-'
;
Total
$
public
129,181
—
pur-
chased
r
i, ,.
the
Sunday, February 8, we sent
of Kaiser-Frazef'
Corp.:
Jbyce, Inc. (& Wholly Owned SubsO—Annual Report, ^purchases.'
Years Ended August31—
for
factors"
the
22,266.643
$5,181,775
.
,
Net
,
'"As sponsors of previous offerings of Kaiser-Frazer Corp. securi^.':.tiesj and in the inteerst of present and prospective Kaiser-Frazer
.' / stockholders..: we urge
that the 186.200 shares of its own stock
1947
_
*
1
«
;,. .-';on
1
' : ' "
5
.
i
asked
Francisco,
directors
*
31—
to
204,118
24,202,165
»
and state
Ky
•-trary
distribution
_
Jan.
San
/J
856.
p.
Hieher—
SO 5°fn
2-
share,'pay-
per
initial
An
166,
'
Inr —Saloq
"
No.
10- cents
14.
last.—V.
''
Tf»w»»l
^
'.
.
Co-Dividend
dividend
a
stockholders of record Feb.
also
because
of
"Kaiser-Frazer Corp.
■
31.
1944
$4,163,157
99,335
Dividends paid-4,
Shares ^capital stk. out-
Otis & Co. Issued the Following Statement:
.
OCT.
$3,958,589$4,679,313
(net)-™
,
„
resultant
o
,
Co.
contraC(,
a
and
sought
were
27,600,005
$4,550,132
contingent reserve
"Special amortization--
17:
Meanwhile Otis &
Co., in Cleveland, asserted Feb. 16 that KaiserFrazer had been unable to comply with a number of
important con..ditions of its contract with Otis & Co.
Otis
added
that
nco
jy
—-—
contract,
California
na^e
sua,9
—
shares
the
ENDED
1945
$3,754,471
—
—
"Wall
a
..under
vt?ADa
YEARS
1946
33,443,412
Total income
.
the
a
.
income
ProV. for Fed.
Not
over
the Kniser-Frazer. stock selling deal moved
State's Supreme Court Feb; 16 when the
corporation
York
''
u
Other
cnargesiton-
Firm
to purchase 337,500 shares of the company's common
share. The company asked payment of $3,881,250;
,tQ
■-
etc.
Operating profit
Charts Ton-
bull Against UllS & CO.
'T-
i
4P^T,MT
ACCOUNT,
1947
.•.w™/,..,;
$37,197,883 $32,150,137 $28,365,322 $27 448.418
goods, general
expenses,
...
—
of
Corp.—Annual Report
INCOME
.
7R9 p-nn
'
Tire
TMrmm
,
.
$7,762,500 suit.against Olis & Co., Cleveland-investment banking
Kaiser-Frazer's action followed its announcement of intention ;
Qn
Peb
15 fjled with tne New york
Secretary 0f state.
*
The suit charges Otis & Co.
repudiated an underwriter's contract
'
'
sales
Cost
firm.
.
'
sharci
a
&
controversy
filed
—
Rubber
rnw^nnnATpn
CONSOLIDATED
.
V
Repudiation—Underwriter
into
and'general expenses-—706,716
depreciation^--————————■
77,000
for
forbidden
were
The following is taken
■
lj»7e •./
___—$7,985,592
sales
Both
$13
V ^
J10. J/J'.
*
.
sure
.
Comply With Conditions^-
';c>
....
-
be
developments
stock-at
:
:
,
meeting of the commission,
named, told a reporter:
be
can
SEC
-tract
Earnings
^araings
to
a
agency,
of Cleveland.
t
•
V'.;■
iUva. Machine
luacmne
jaeger
.
Co.—250,000
:
-
asked not
at
indicated, however, a broadening investigation.
member disclosed that Anthon
Lund, top investigator for
will fly .to San Francisco for talks with one of the
banking
firms involved; the First California Co.
The other firm is Otis & Co.
One
Co.—
&
who
staff members
Today's
;
Co.—
&
Stokes
re-
$800,000
Co.800,000
&
member,
one
discussed
were
'"This thing is a mess and you
•-
A
167
Cost
Co.™
&
F.
fateriv Brothers
&
The
Net
L.
the
by
.
''
'
Co.
Inc.
Dick
1
(
.
&
-and
.
.
new
as
Halsey, Stuart'
Preliminary reports
;v.
PURCHASERS—The
-
Oct.
0f
company
underwriters
Approximately
general
the
on
Feb.'12
covering $10,000,000
the
$5,500,000
cash'funds
balance
will
will
be
on
be
of
the
used
filed
first
the
basis
for
a
registration
mortgage
determined
proceeds
of
bonds,
will
unfunded
construction
statement
due
through
be
1978.
with
The
competitive
added
property
purposes;—V.
to
the
names
bidding.
company's
additions, and
167,
p.
747.
.
10
Electric output
otaled* 35,276,000
esponding week last year, an increase of 10.1%
;
Electric output of this company for the week ended
41,470,000 kwh. as compared with 31,993,000
orresponding week last year, an increase of 29.6%.
;otaled
.
'iBank
•
_
Feb. 7, 1948
kwh* for the
of
sidiaries
>.'r\
EFFECT
GIVING
CAPITALIZATION
Authorized
Class
A
stock
common
stock
Common
(no
par)
(no
par)~L
* 75,000 shs.
20,000 shs.
18,932 shs.
ture issue will be offered at competitive sale.
Registers With SEC—
-
J
'
,
CONSOLIDATED INCOME STATEMENT
;
tain
rT.v"
'
2 Mos. End.
' ——Years Ended Sept.,30
/
on Feb.
12 filed a registration statement with the
./////,■"U ■.;•
Nov. 30, '47
1947
V-1946 ...:
. 1945
■:
$8,000,000 first and' refunding mortgage bonds,) due
•Totil income
• $151,517 :
$693,093
; $463,967
$354,991
Jarch 1, 1978.
The names of the- underwriters will be determined s
-•.Operating .expenses—l. .'
$8,373
' 467,794 >
413,114
333,622'
through competitive bidding.
Proceeds will be* used to pay $2,450,000it
f short-term bank loans and to reimburse treasury for expense of v
Net operating income
$63,144
$225,299
$50,852
$21,368
/roperty extensions and improvements.—-V. 167, p.,747;
Other deductions
14,637*1 * • 55,293 •-<•, - fi27,085-•
.•24.207
Prov. for Fed. inc. taxes
10,710
42,29(1 .
6,097
,< 4,464
908
LukrnsSted : Co.'n (Subs-.) -r—Earnings—-^ ^
-Minority .-interest.
182'
> 929. I
• 1.844,
P
The
iEC
States
1947
'of
company
for
plant construction. "
covering
*£■ I-. '
L.v.y,*,ix">*t
MONTHS <
DECEMBER '.AND -TWELVE
EARNINGS. FOR
,
1947^-12 Mos.^d94« "
$59,884,841 $64,538.305'
1947—Month—1946
Period End. Dec. 31—
'Operating revenues -Z_; $5,694,631
Uncollectible oper. rev.. ;? ' ■ 26,764
.
''
.
Telephone & Telegrf»ph Co. owns <422,250 shares of Moun¬
stock, or 73.35% of the total outstanding.At the end
A.^T. & T.
had advanced $32,800;000 to Moviptaii\'. States,
American
■.■I
>
Ky/'as ■ .&-V
The directors have approved a $45,000,000 program to finance plant
.'construction. ; Company will offer to stockholders the right to subr
scribe
it
$100 a share for
191,881 additional shares of stock , ;in
ratio of one new share for each three owned.
A $25,000,000 deben¬
.'■/ Outstanding j
150,000 shs;
—_
1—-
Telegraph Co.—To Offer
Rights and Sell $25,000,000 Debentures—
,'J.
PRESENT; FINANCING
TO
:'j
<
Mountain States Telephone &
funds-for the acquisition of capital stock of First Industrial
Maine; any balance not so used'will be advanced to its sub- '
for lending operations in the ordinary course of business.
,-v'
provide
(Ky.).—Weekly Output:
of this; company for the week ended Feb. 14, 1948,
kwh., as compared with- 32,035,000 kwh. for the cor-
Louisville Gas & Electric Co.
Monday, February 23, 1948
FINANCIAL CHRONICLE
COMMERCIAL &
THE
(850)
<$4,697,031
> 14,671
,
1 36,541
192,709
'
Operatipg VreYehue§
v.
Operating
/
Net'income
'roflt-befote income taxesu
taxes
ncome
._™_———-i-
-
—
-----.
838,583 *
600,050
350,900'" 240,000
'Loss—V.
profit
,'ommon
317,976
$1.12
share.-.
.167, p. 653. ;
;
-
..
■
*
MeCrory Stores Corp.—Declares Extra
©mmon
extra dividend
Dividend—
of 75 cents per share
'•Net
1,295,295
Jbctras
were-paid
Dec. 26,
Net' earnings-
share on the 3v2%
payable April 1 to
quarterly dividend of 87 cents per
cumulative -preferred
stock was also declared,
holders of record March 15.—V. 167, p. 653.
$195,660
.
Net
1945
$2,476,451
568,400
;$4.36
No.
Earned per
—V.
taxes.
$2,147,123
,,570.000
share
166, p.
—
$1,313,174
572,000
$3.77
2420.
McKesson
.
Uncollectible
V"
Operating
$2,697,413
2,105,000
•Expenses
'
2.
$597,551
<
.
$592,413
Maryland
rev._
.
New
7,884,535
643,413
taxes
Net
after
Net
"v;r
$407,709
\Q.
Net before
taxes
Prov. for Fed.
4,969,450
-
-
2,085,379
inc. taxes
95,798,358 184,431,299 177,985,386
5,276,565
8,077,721
9,220,520
2,252,249 3,321,248 .; 3,817,774
844,418
charges
during
the
'bursing
The
has
of
2,884,071"
$1.63
----
Earned per com.
share.
4,756,473
.$2,65
3,024,316
$1.70
.
and
sickness
agent.
Feb.
on
Ruling
.
•
The New
of
Illinois
1947.
The
for
company
Feb. 9
on
shares
common
iver-the-counter
market
.).
1,440
filed
a
letter
1,
cents
Service
ruling
stock
basis
in
would
Exchange
been
stock
The
dn
among
at
been
and
officers
junior
announced
by
J. Truman Streng, Real Estate
ral Counsel;
ager ^
officers
have
staff
Detroit,
elected
this
of
record
and
an
West
Middle
Feb.
on
capital stock held.—V.
26,
167,
and
Raymond
respectively, Assistant Superintendent
Secretary.—V. 167. p. 748.
of
Agencies
M.
1948.
bare
directors
the
on
In
18.
made
last
cents.—V.
declared
have
common
addition
year,
166,
p.
to
stock,
four
the company
2105.
a
SEC
company
dividend of 25 cents per
March 1 to holders of record
distributions of 20 ecnts each '
Dec. 1, 1947 paid an extra of 10
quarterly
p.
on
Guardian Securities Corp.
Proceeds
purposes;—V.- 167, p. 548.
•
for
share
per
of
will
be
used for
Acceptance Corp.—Stock Offered—G. H.
(43,383 subj ect to the
exchange* rights of old class A stock) 75,000 shares of
(no par) at $13.75 per share. *
outstanding 43,383 shares of old class A stock
issue
The
Bros.
stock
the
Co.
&
RR.—Equipment Trust Offered
19 of $1,620,000
which
"United
made
were
veterans—$18,330,107
to
bonds
Government
States
were
in
estate
real
Mr. Patterson
decreased
because
opportunity
at
a
to
invest
higher
rate
of
funds in
interest,
of 1947."
"
setting
Myles Plastics Corp., Jersey City, N. J.—Filing With
the award Feb.
won
SEC—
awarded
was
Hutzler
&
bid
99.36
on
for
2%%
a
"
McDonald
B.
C.
dent
of
named
the
a
of
will
C.
B.
Louis,
McDonald
director.—V.
167,
•_
and
Co.,
a
PURPOSE*—'The net proceeds to be received by the company from the
common stock (assuming that the new class A
sale of the New Class A
pursuant to
the
sold at the initial
exchange offer is
deemed
to be
directors
>*r--
..r„
ever
Jan.
Ry.—Orders Engines
approved the purchase of 21 diesel-electric
27
These
$3,287,000.
ordered
be
to
built
be
on
first diesel road locomotives
hp. each, the engines will
plant' at La Grange, ',111;, and
expected to be delivered some time this year.—V. 167, p. 654.
for
engines
coupon.
the
by
this
by
are
the
Of
road.
General Motors
1,500
Corp.
.
of Dallas, Texas, Presi¬
manufacturers' agency, has been
formerly
J National Dairy Products Corp.—Sells Plant—
Sale of the
•
^
;
■
corporation's Aralac plant at Taftville, Conn., to VirginiaCorp., of Richmond, Va., was announced on Feb. 7
Carolina Chemical
Missouri Pacific
•v
The
for
has
trustee
equipment
$4,333,000
dated
March
Proceeds
1,
from
invitations
bids
to
25
The
certificates.
from
estimated $5,784,000
in new
Chemical
Co.
(&
sale
The
„
Subsidiaries)
Calendar Years—
Net
Net
sales
income
after
Common shares
charges
and
outstanding
Earnings per common
share
taxes
—
/
'•
earnings do not include anv recovery from insur¬
ance
claims covering loss of profits nor have they been-charged with
the
continuing expenses resulting from, the destruction of the com¬
pany's Texas City plant last April.
Claims have been filed with the
insurance companies, but the amount to be recovered has not been
determined.
If the entire amount claimed is received, not more than
NOTE—The
is
:
...
.
.-
more
scheduled
/ Harrell
about
39
of land,
acres
a
a
H.
17.—V.
Feb.
Neel,
month ago,
166,
1483.
p.
Sept. 30—
•
(& Subs.)—Earns.^-
—
13,782,148
227,718
income
income
Dividends
Dividends
on
on
9,573,146
93,300
$1,953,519
$1,389,989
228,406
256,765
-—__
$1,739,004 ,$2,210,283
568,021
1,140,356
$1,389,989
1,036,095
—
;
------
-
—
$6 preferred
common
Earned per common
<
-
Z
Federal income taxNet
13,150,221
181,882
$1,510,598
income
■Total
•
sold, & selling
merchandise
Operating profit
.
'/
1946
1945 "
$15,520,464 $15,285,561 $11,056,436
* 1947
"
'; and general expenses
Depreciation and amortization
Other
equip-
understood to be sub¬
transfer of the plapt
who became a Vice-President of this corporation
has been elected a director.—V. 166, p. 1483,
sales
Cost .of
machinery and
Elected—
National Shirt Shops of Del., Inc.
Net
■
one-story and basement fac¬
Actual
cash.
$1,000,000
than
for
Years Ended
1947
.
involves
New Director
;
1947
1946
$143,403,161 $99,590,790
15,561,228
10,084,149
4,253,019
3,803,891
/ $3.59
$2.37
,•
-•
tory- building and other auxiliary structures,
ment.
The price was not disclosed, but it is
Subs.)—Earnings— ',1 Vv,
(Excluding British and Australian
'
.
'
stantially
Monsanto
•
which had been making protein textile fibres from milk
used by Virginia-Carolina Chemical to produce fibres
protein.
■■.V:
'
'' '
': "
will be
vegetable
casein,
certificates will be
1, 1949-58.
cost of an
equipment.—V. 167, p. 654. '
V
trust
companies.
plant,
The
be received Feb.
and are to mature annually March
will finance not more than 75% of the
1948,
them
.
for
both
by
RR.—Equipment Issue—
issued
public offering price), .after deduction of underwrit- ing discounts and commissions and expenses to be paid by the company
in connection with such offering, are estimated to be not less than
$919,700 and not more than $963,083.
Such proceeds will be utilized '■>
to retire, either pursuant to the exchange, offer or by call for redemp¬
tion, the presently outstanding 43,383 shares of old class A stock at
approximately $3,800,000 (equivalent to $2,400,000 after income taxes)
the redemption price of $13.75 per share plus dividends at the rate * would be applicable to the earnings for the year 1947.
The insurance
of 25 cents per share to the date of redemption.
carriers have indicated their dissatisfaction with
the amount of the
In the event that
all of such presently outstanding old class A stock were retired by *
claim.
No
settlement
has
been reached, but
negotiations are con¬
redemption on April 1/ 1948, the amount required to effect such re- 4 tinuing
''
'
"
demption would be $596,516.25, excluding accrued- dividends which are
Transfer Agent and Registrar Appointed—
to be paid from
treasury funds.
The balance of such net proceeds
The Guaranty Trust Co. of New York has been appointed transfer
(estimated.at a maximum of $366,567 and a minimum of $323,184)
will be added to the company's cash balances. It is the present inten¬
agent for and the Chase National Bank of the City of New York
tion of the company to use the major portion of such funds to reduce
registrar of 250,000 shares of cumulative preference stock, series B
(no par value).
See offering in V. 167, p. 748.
- • ; •
• " '
outstanding bank loans, which may include bank loans incurred to
.
selling stockholder.
to
go
The
748.
p.
'
.
Nashville Chattanooga & St, Louis
■
are
t
St.
,
5,000
bid of 98.937.
a
-
Feb.; 10 a • letter, of notification was. filed with the SEC, for,
shares of common stock (par $1) to be offered at $1,375 .per
share.
Underwriters, H. Frazee Olifiers & Co., New York.
ProceedsOh
"v
,
BUSINESS—Company was Incorporated in Massa¬
chusetts, Aug. 5, 1922 as the Industrial Loan Society.
The present
name
was adopted in
1926.
Company succeeded to and continued a
similar type of business which had been commenced in 1909 by Charles
T. MacDermott,
President.
r'v\y;'b
v
The company is a holding company, the subsidiaries of which are
engaged In three general types of the finance business and activities
related thereto:
(1) that of lending money under the provisions of
State 'Small Loan Laws" governing loans up to $300; (2) the lending
of money to individuals in amounts exceeding $300;
and (3) the fi¬
nancing of the purchase and sale of-personal property, such as new
and used cars, refrigerators, washing machines, radios, etc.
issued
Made in 1947—
,
Midland
New Director—
(no
HISTORY^ AND
stock
Gains
channels of industry and In
particularly during the latter
'. "
*Mr. Patterson reported that after
up voluntary additions of
$7,226,000 to insurance and annuity reserves, the net gain from opera¬
tions, before dividends, in 1947 was $29,762,600. This included $7,609,100 of non-recurring capital gains.
The net gain of $29,762,660 was
$11,071,000 less than in 1946.
The difference, he explained, was due
largely to smaller capital gains, to larger increases in special .reserves
and to increased operating expenses in 1947.
:
; ,
'
Surplus was increased during the year by $13,373,800 and the bal¬
ance of the year's gains—$16,388,800—was
set aside for dividends to
policyholders. Surplus at the year-end totaled $132,742,700, which is
7.70%
of the company's contract reserves and deposit liabilities.
In
addition, the company holds $21,173,100 in special reserves for insur¬
ance, annuities and fluctuation of securities.
(See also V. 167, p. 549.)'
—V. 167. p. 748.
;v,
Other bids for a 2V*2%
coupon received at the sale were: Halsey, Stuart & Co. Inc. 98.7991;
Harris, Hall & Co. (Inc.)* 98.65;. and Shields & Co., 98.619. Salomon
,
par)~are> offered the right to exchange such shares for 43,383 shares
of new class .A common stock (no par).
The exchange period will
expire at noon (EST) on Feb. 24, 1948. Shares of new class A common
stock not issued under the exchange offer are to be purchased by the
underwriter, and unexchanged shares of the old class A stock are to
be called for redemption on April 1, 1948.
common
investment
of
Life Insurance Co. of New York-—105th'An¬
of
that
part
at which time the
1948,
1947
market quotations as
investment, and $6,357,022 in loans to policyholders.
mortgages
its
The issue was reoffered immediately at prices to yield from 1.30% to
2.85% according to maturity. Associated in the under¬
writing are: Wm. E. Pollock & Co., Inc.; Kean, Taylor
& Co.; Central Republic Co.; First of Michigan Corp.;
McMaster Hutchison & Co.; Mullaney, Ross & Co.
Merchants
the
$2.25
of
equipment trust certificates.
2V2%
Calif.—Files With SEC
Walker & Co. On Feb. 11 offered
Holders of
15,
22-story
Missouri-Kansas-Texas
—Freeman
Feb. 11 filed a letter of notification with the
shares first preferred 5%
series stock (par $20).
common
March
modern
31,
sales
insurance
half
over
653.
-.
payable
general corporate
class A
The
•
on
for-3,849^2
Underwriter;
bid
and
quarterly
Mercantile Acceptance Corp. of
The
until
sidered
May McEwen Kaiser Co.—Larger Quarterly Dividend
i?eb.
j
„
books will be closed.
Building, ' located in the "Loop'"
district of Chicago, was completed in
1928.
The first seven floors
are
presently occupied by
the Midland Hotel.
The remainder of
the
building
houses
three stores
and contains
120,000 sq. ft. of
office space, now totally occupied.—V. 146, p. 3193.
"V-/'
and
Assistant Agency
The
:
:
policyholders should benefit" in the long run by th®
stiffening of money rates, Alexander E. Patterson, President,
declared in the company's 105th annual report mailed Feb. 11 to its
more than 1,000,000 policyholders. ' S
,
Principal changes in investment holdings during 1947 Included * ;
decrease of $141,059,580 in U. S. Government bonds, and increases of
$32,935,173 in U. S. Treasury bills, $62,663,844 in public utility bonds,
$61,654,114 in industrial bonds, $40,316,751 in real estate 'mortgages—
preferred stock at par value, and to pay or assume expenses and
liabilities amounting to $259,670, /
i
The stock is held by the trustees of the Midland Building Stock
Trust under an agreement entered into in 1938 and approved by the
Federal Courts in Chicago.
If. holders of 35% of the! common stock
do not dissent, this offer may be accepted.
Other bids will be con¬
Jolton,. Assistant Financial Secretary, promoted to Financial Secre¬
Robert J. Ardison and James H. Denman, Agency Assistants,
mada,
a
Dec.
based on
Report Shows Additional
Life
of
tary.
.vere
"
par
recent
Corp.; Chicago—Trustees' Sale—
received
($1
-
$885;
expenses,
stock
there was a net unrealized appreciation
of that date; ?
;V;7securities during the year ended
1947 aggregated $185,418 and $173,584 respectively.—V. 166,
31,
nual
340,050 shares of $1 par value common stock, according to Luigi
Criscuolo, President.
The bidders also have agreed to retire $76,175
and Mortgage Loan Man¬
Vice-President;
Second
has
corporation
charges, $329; total, $650,938.
capital
Mutual
of
ruling
Midland Building
This
an
company.
$828;
$41,210
Dec.
of the Curb Exchange had provided for two
in the capital stock of Middle West Corp., a distribution-on
ex-distribution market, through Feb. 26.
One share of Central
common
stock is being
distributed for .each two shares of
markets
Co.—Promotions
and
,
amended its
Feb.' II
Central Illinois Public
Middle West Corp. to
Middle West on a disthe close of business Feb. 21, 1948;
at
redeemed
be
must
previous
Illinois
166,
addition to
Albert D.
Shaw, Second Vice-President and Financial Secretary, and Ralph R.
Coombs, and Homer N. Chapin, Second Vice-President, have been made
ice-President; John F. Handy, Associate Counsel, advanced to Genofficial
50
'
deferred
Purchases
The
of
stock
capital
cease
holders
of
•
said
Massachusetts Mutual Life Insurance
^
Corp.,
LIABILITIES-—Accrued
for
Promotions
Shares
of
distribution
a
the
to
20
declaration
of Central
Beginning Feb. 24, transactions in Middle West stock may be made
only ex-distribution
and
all due bills for distribution of Central
Illinois
Public Service common accompanying
certificates for Middle
1790.
the
'
Broad Street, New York, N.-Y.,
appointed exclusive distributor of shares of the Fund.
'
the
stockholders
to
dealings
"
'
regarding
that
March
payable
Co.,
-
declaration
this
of
common
SEC—
underwritten.—V.
25
1948.
view
In
tribution-on
of notification with the SEC
be offered to public at
stock ($1 par), to
price.
Issue
not
1, 1948
6hare appreciated from $13.54 at Dec.
31,
NOTES—At
Exchange has been notified of the
per share on the common stock
Curb
of
Public
March
West
Calif.—Files With
York
dividend
a
provide
9
Clearwater,
Corp.,
„
per
Dec.
Investors
taxes,
Distribution Amended—
on
Service
SEC—
p. 1790.
Macoil
•
value
at
BALANCE SHEET, DEC.'31, 1947'
/
ASSETS—^Securities owned and held by custodian, at cost (market:
$655,900), $614,6904 cash in hands of custodian, $33,387; ac¬
crued dividends receivable, $2,030; Federal income tax refund receiv¬
.
,
^
and
filed a letter of notification with the SEC
for 1,440 shares
of common stock ($1 par), to be offered to public 1
it over-the-counter market price.
Issue is not underwritten.—V. 166,
company
'V'.l
reserve for Federal Income
value), $50,030; paid-in surplus,
$711,719; security profit and loss account (Dr) $116,152; undistributed
income, $3,629; total, $650,938.
»/
v
;
^
WV*
previous
The
29^476
;
r
able, $502;
8,000 employees of this corporation,
throughout the country, has just been
Corp., Clearwater, Calif.—Files With
-.$28,663
23,521
.
.value
the SEC to sell its
Middle West's, stock
($10 par), is to
be sold for $151,595 to P. C. Ward & Co., Inc., for its own account
and for the account of certain individuals,^
than
Macco
;
.
915
*
stock interest in
accident benefits for
in 75 operating divi- •;
sions
announced by W. J.
Murray, v Jr.* President,; who said that the increased benefits were
intended to compensate for rising costs of medical care and that the >
additional cost would be borne by the company under an expanded
group Insurance -program;—V. 167, p. 435.
hospital
of
<
for
loss on sale of securities.
or
25
-$23,399
-
payable-:-
or
,
608
29,040
taxes
*""" 819
$30,859
income
profit
140
:
;'i88
interest, amounting to 11,229 shares of common stock
5,411,746
$3.03
Liberalizes Insurance Program—
Liberalization
more
„
,
corporation has received permission from
Indiana Gas & Water Co., Inc.
The
Net profit
$29,830
155 -
490
»
paid the Mutual Management Co/ an aggregate of ,$7;87i
year 1947 as remuneration for management and as dis-.
asset
$13.71
First
Corp.—Sale of Indiana Gas Stock—
Middle West
»
*:'w'
i;
paid
♦Exclusive
—V. 167, p. 255.
102,172,860
'?'?12;2!70
170
distribution
$7,785,056 $12,464,847
-7,182,121
12,204,641
$911,346
324,826
income-
oper.
12,145 ;
-$24,653'.'
161
net income avail,
♦Balance of
<
i
$7,849,652 $96,966,087 $91,408,342
6,031,044
79,320,329 66,779,628
907,262
9,860,702
12,163,867
$8,935,657
,1943
;$42f101
-
$32,009 ^
tax___;
Federal
for
"
Net-sales
9,991-
j.
-
>:
1940 .
$36,798'"
1947
'''"$42,000
Stock -tax
Distributions
•
$7,872,656 $97,325,647 $91,650,861
23,004*. <" 359,560
, 242,519
$8,980,211
44,554
7.
■;f
taxes
Provision
\
1947—12 Mos.—1946
$3,178,052 ? $5,960,943.
■1,098.451; •4,032;6«7
Fund, Inc.—Annual Report—
,
Jersey franchise
Capital
Co.—Earnings—
,
,
*
*to
1947—6 Mos.—1946
1947—3 Mos—1946
Period End. Dec. 31—
oper.
Operating revenuesOperating expenses
$2.3o
(& Subs.)—Earnings—
Robbins, Inc.
,
$382,019
221,520
283,374
,
Investment
The Fund
,,
&
$116,374
,
1947—Month—1946
Period End. Dec. 31—
Operating revenues
1946
'
profit after' all chgs. &
-of shares outstanding:
v
Subs.)—Earns.
'1947
Years Ended Dec. 31—
Mutual
sinking fund
and
interest
annual
Michigan Bell Telephone
(&
Co., Inc.
McGraw-Hill Publishing
charges
p. ,255.,
Years Ended Dec. 3J—
-
charges on bonds and deben¬
ture stock including those, payment of which is dependent upon avail¬
able income.—V. 167, p. 549.
/
M
J
♦Of
v
The- usual
■
after
Remainder.beforetaxes—
cents;
On March 31, 75
follows:
1947 as
during
50 cents.
185,000,.'
185,000
—
$2,662,551
2,065,000
V $301,374
$380,660
income
oper.
♦Accruals
regular-quarterly dividend of 35 cents per Share on.-fche
stoek, both payable March 31 to holders of record March 15.
and
on
an.
413,406
$379,021
.
Dividend income, etc
.
The-directors have declared
1947—11 Mos.—1946
$1,562,255 $18,151,164 $16,641,820
1,260,881
15,486,613 13,944,407
$1,675,955
earnings™.
Oper. exps,, incl. deprec.
tnd*'the.
4,875,440
—
income
oper.
—v.:..167;
1947—Month—1946
Period End. Nov. 30—
Gross
.•
....
.
taxes.
Net.
' ;
' .'
(Stated in Canadian Currency)
317,976
$1.50
outstanding.
.>shares
Earnings per common
'
-V.
expenses
Operating
•-
(& Subs.)—Earns,—
Mexican Light & Power Co., Ltd.
.
$360,030
$487,683
—<-
*$a»212
548.
p.
Net
-
Net
$16,024,
$126,785
$37,613
I
—
167,
$4,682,360 $59,692,138 '$54,49U764,3,939,267
51,359,'B65i£-42,877,439
: 361.074
5,154,215;: . 5,563;38»;
$5,067,$67
.
Z
stock
stock
share—
—
$1,069,927 ;
5,744
225,000
$2.60'
'
$2.38
$1,170,983
Z
405,000
,
-
$353;895
25,178
..
82,500
.
.
$0:73
_
Volume
Number 4675
167
BALANCE
CONSOLIDATED
SHEET,
SEPT.
30,
THE COMMERCIAL
V
>
1947
Life
World
New
&
FINANCIAL
CHRONICLE
Co.—60-Cent
Insurance
Dividend—
North
American Light
& Power Co.—To Retire Pre¬
•
ASSETS—Cash
pation
to
notes
tax
banks
in
series
at
C
and
cash
on
hand, $2,656,260;
redemption
U. S. tax antici¬
(less $337,466 applied
value
The
of
$315,624;
merchandise
(after reserve for
$1,679,821; notes and accounts receivable
furniture, fixtures and leasehold improve¬
depreciation and amortization of $961,837),
$8,733; deferred charges (unexpired insurance
$184,719),
(less
reserve), $111,844;
ments (after reserve for
$276,823;
ether
premiums,
assets,
rent
(contra),
etc.), $29,137;
$5,262,895.
advances,
$184,653;
total,
LIABILITIES—Accounts
accruals,
$1,334,090;
World
tax anticipa¬
more
than
notes—contra), $235,641; deferred credits to income,
$200; reserve
for
retirement
$450,000;
reserve
inventory, $1,374,731; reserve for pension
(contra), $184,653; common stock (par value $1),
$1,683,580; total, $5,262,895.—V. 167, p. 155.
contingencies
amd
taxes
including
.
Three
With SEC—
The
:
company
surplus
Feb.
on
for policy
reserves.
in
and
paid
1,869,245
1,637,319
$2,224,415
Write
Federal income
♦Net
opment
•Net
of
dividend
cents
10
take
per
The
.
President
A.
of
of
its
J.
P.
Christenscn,
P.
Stevens,
and
have
Jr.,
retired
research
Stevens
to
elected
been
Chairman
of
York
76.
and
&
policy
Co.,
since
Inc.,
March,
committee.
Claim
lower of
Stock in
other
•Plant,
machinery,
Patents
; '
and
1,044,579
150,000
oper,
'
has
Light,
M.
patent
licenses
167,
5,937
Total
;
$5,924,325
Co.—Earnings—
$249,545
440,996
229,666
910,000
_—
370,421
31,290
LIABILITIES—
Accounts
payable—trade
Accrued
payrolls,
Accrued
for
bonuses
and
State
taxes-
sharing trust
contribution-
'
67,567
—
•After
for
reserves
166, p.
to
I
1947—12 Mos.—1946
in
$3,858,302
1947 and $267,055
in
1153.
Chicago- -Sales Show Increase—
4 Wks. & 2
//i/;
1
Jan.
The
number
700
at
Jan.
of
stores
1948.—V.
31,
in
operation
3 Wks. & 3
Days End.
Days End.
Jan. 25, '47
increased
50,317
874,220
620,844
7%
&
V.
162, p.
from
688
1947
in
All
161,
the
Nehi
Net
after
charges
Fed. and State
Fed.
taxes
inc.
1944
$2,370,140
$2,833,667
The
Com.
shs.
Earns,
outstdg,—
552,000
1,380,000
per com.
—V. 166,
p.
12
—•
through Hemphill, Noyes & Co., $2,000,000 2.25% and
notes, clue Jan. 1, 1949-52 and Jan. 1, 1953-63
166, p. 668.
"
'
: : *
'
"
'\••
'
.v...
..
•'
New England Gas & Electric Association—Output—
For
of
the
week
kwh.
16,014.212
above,
year
ended
production
Feb.
This
of
13,
is
an
14,196,019
this Association reports electric output
increase of 1,818,193 kwhs or 12.81%
kwh.
for
the
corresponding
of
is an increase of 51,415,000 cu. "ft., or 23.71%
216,860.000
167,
:»?
week
a
ago.
|_Gas output for the Feb. 13 week is reported at
£his
p.
748.
New
_'
■
ft.
cu.
for
the
corresponding
■/■'/'//,"/: ;Z;::VV
England
Telephone
&
$
week
a
year
ago.—V.
'/,'/" '////:
///:/>/ v; ,/"j
Co.—Earnings
the
of
$
■•:
follows;
as
period
ended
or
Insur¬
31,
the
rev._
46,260
Operating revenues—
Operating expenses
13,103,754
10,945,218
9,359,177 118,701,908 105,154.199
819,687
11,361,074
9,764,249
oper.
taxes
the
\
Net
1,010,761
1,147,775
1,268.944
11,747,227
13,995,497
702,754
incopie——
charges
u
oper.
after
803,014.
6,633,194
9,174,924
The directors
on
Feb.
17
$1
declared
Declared—
and
interest.
debenture may
business
dismiss;
court
North
stock
is
en
America
contemplatec.
156.
'
at
Wilmington,
SEC
a
&
Del.,
application
of
assets
to
and
'
-
has
or
reserve
out
carry
dissolution
Holding Company
31, 1947, by the
prior lien preferred
Act
SEC.
of
Under
stock
th
the
of
1935./
its
will
pro¬
get
111
Light
Co.
common
West
will
get 10 shares of Wisconsi
also get the cash equiva
Both
stock
of
of
and
holders
th
of
will
groups
distribution
North
West,
Wisconsin
Opposition
holders
of
to
from
Dec
plan.
;
consisting of
and
cash,
the
plan
7%
the
preferred
States Power
Court
convertible
Immediate
31
will
668,759.9
be
31
7%
and
•
-
share*
distributed
presented
was
by
prior
tr
attorney
liens.-
payment
will
6 Mos. End.
of
record
March
15.
Feb.
14,
kwh.
1948
for
the
13.2%,'
week
with
ended
57,009,000
of
7.1.
Feb.
kwh.
for
1948
the
11.0%/
Plan—
on
application in the U. S. District Court (Minn.)
out the terms and provisions of the second
the
whether
the
plan,
and
ehforoc
for
in
plan
provisions of
and
such
the
is
fair
other
and .equitable
Section
11(b)
out
carry
purposes
premises.—V.
of
the
as
167, >p.
the
may
and
appropriate
Act/and whether
and'provisions
terms
appear
necessary
of
or
655.
Northwestern Bell Telephone
Period End. Dec. 31—
Operating
Uncollectible
oper.
Net
rev._,
$7,375,962
$6,575,181
6,160,764
5.2.79,217
809,413
754,645
$405,785
$541,319
$6,827,650
$7,318,82.
336,968
444,548
6,107,520
7,009,511
taxes
income——
oper.
after
charges™
167,
1947—12 Mos.—1946
$7,400,766
$6,588,054 $80,014,251 $72,290 90
24,804 ■ ■//
12,873
;
175,140
HO',687
Operating
revenuesOperating expenses/-—
Net
Co.—Earnings-
1947—Month—1946
revenues—-,
$79,839,211 $72,180 2ir
64,296,497
55.671.65C
8,715,064
9,189,74,'
256.
p.
1
Calendar
Year 1947
Year 1946
(Joseph J.) O'Donohue IV, New York—Bonds Offered
& Co. recently offered
$150,000 5.5% sinking
Calendar
Dec. 31,'47
$28,579,509 $45,819,037 $32,373,093
1,264,190
193,736
4,846,358
6,110,548
3,264,390
4,572,353
4,766,089
3,299,143
Crl71,216
1,809,463
1,638,247
$2,762,890
$3,127,842
637,997
$4.33
637,997
607,628
fund bonds, series due 1948-1973, at par. Proceeds
will
be
used
for
personal, and business
requirements.—
$1,684,707
637,997
^Bioren
1,614,436
$364,1952
profit
the
increase
an
ended
55,617,000
of
modified) dated Jan. 5, 1948, for the liquidation
the company.: A hearing will be held at
the U. S.
Minneapolis, Minn., on March 22, at 10 a.m. (CST)
H. Nordbye, U. S. District Judge, for the purpose of
should
—V.
.
STATISTICS
for
compared
year,
week
with
of
coui't
appropriate
the
increase
(as
in
effectuate
an
be
6 Mos. End.
June 30,'47
1-
bef. inc.
prof.
House
as
last
carry
plan
Operating
OPERATING
sales— $17,239,528
net
kwh.
(Del.)—Weekly Output-
for
compared
company
19,
holders
to
and
the
on
this
of
has filed an
)>efore Gunnar
de¬
redemption
year,
week
dissolution
Court
last
Hearing
SEC
enforce
and
as
week
Co.
company
kwh.,
63,290,000
The
to
this
of
output
determining
declared a regular quarterly dividend of 30 cents
of 20 cents per share on the common
March
output
62,931,000
the
at his
March
on
CONSOLIDATED
taxes
taxes
V.
..
a
first
167,
p.
Ohio
No.
of
net
profit.
shares
Earnings
—'
—
$0.57
share
per
CONSOLIDATED
SHEET
BALANCE
and
hand
on
counts receivable:
/'// $4.90 '
$2.77
.
less reserves,
banks,
in
$5,057,000;
DEC.
256'.
Associated
Telephone
Period End. Dec. 31—
Operating
$3,341,694;
estimated
cost
of
Uncollectible
for
of
ac¬
prior
depreciation, $65,490;; Federal tax refund claims, $267,487; sinking
debentures, $158,200; mortgage receivable, $204,-
fund for retirement of
$65,893; investments in and advances to
affiliated
and
associated companies,
$779,057;
land, buildings, ma¬
chinery and equipment, leasehold improvements, etc.
(at cost) less
depreciation and amortization, $5,680,974; deferred charges and in¬
tangible assets, $170,847; total, $22,401,917.
925;
quarter dividend of
$1
1947—12 Mos.—1946
$258,688
$2,744,835
2,614
244
10,084
$l,880,44f
1,96<
$255,660
$258,444
$2,734,751
$1,878,485
209,087
200,480
2,295,698
1,376,551
26,828
32,592
234,394
231,28;
$19,745
$25,372
$204,659
$270,64:
9,762
oper.
7,964
83,030
173,73"-:
rev-
Operating revenues™
and
notes
refunds
$266,086; merchandise inventorj)—at lower
$6,344,263; non-operative real estate—less reserve
market,
or
Co.—Earnings-
1947—Month—1946
revenues—$258\274
1947
31,
years' Federal income taxes,
Operating
expenses
Operating
taxes
Net
Net
payable, $952,881; mortgages payable—cur¬
accrued salaries, commissions, bonuses, taxes
and
other
expenses,
$1,325,977; reserves for Federal and Canadian
taxes on income, $2,200,897; 3-year 2 %
subordinated convertible notes
—due Nov.
1,
1948, $890,000; due sinking fund for retirement of
.
1
income
oper.
after
—V.
charges
167, p. 256.
sundry and other assets,
LIABILITIES—Accounts
Ohio
Bell
Telephone Co.—Earnings—
Period End. Dec. 31—
Operating
1947—Month—1946
1947—12 Mos.—1946
___
$8,454,908
$7,618,330
$93,041,571
$86,183,583
rev,_
27,865
16,312
283,077
196,29:
$8,427,043
$7,602,018
6,436,090
1,065,424
5,389,457
67,636,068
1,086,615
12,964,413
13,487,667
$925,529
$1,125,946
$12,158,013
$13,707,850
895,964
1,111,625
11,978,872
13,533,397
revenues
Uncollectible
oper.
rent installments, $32,506;
debentures,
$158,200;
fund convertible
compensation medical
sinking
workmen's
Operating revenues
Operating expenses
debentures,
$1,805,000;
claims, $27,795; reserve
.
for
contin¬
reserve
for
Net
Net
$430,500;
credits,
capital
$23,286;
$9,122,836;
2561.
surplus,
North
directors
share
on
the
of
per
the
declared
9
stock
commoen
and
a
a
cash
of
American common
record
Securities
March
and
2.
dividends
of
a
25
liquidating
cents
per
100
subject
award Feb.
program
—V.
1,
approval
to
a
Jan.
partial
2
shareholders
stock
for
167,
each
p.
100
L749.
and 21
shares
'
.
,
v
of
H
22
19 V% > shares of Wisconsin Electric
25
distribution of
liquidating
Power common stock
—V.
received
cents
in
cash,
while on
Dec.
shares of Potomac Electric Power common
North
American
>;
V •'
common
held
was
paid.
167,
Oil
Commission.
•'
On
Service
Co.
—
Bonds
Offered—iHalsey,
of the bonds at competitive sale
18
bid of 100.2599.
both payable on April
are
Public
Net proceeds
of
dividend
stock for each
common
stock held,
The
Exchange
dividend
partial
of Potomac Electric Power Co.
three shares
holders
Feb.
on
256.
publicly of¬
$10,000,000 first mortgage bonds, 3V8% series, due
Jan. 1, 1978, at 100.75 and accrued interest.
The group
Co.—Common Dividends—
American
57,791,771
fered
won
/■:
charges
p.
$92,758,494 $85,987,28?
Stuart & Co. Inc., and associates on Feb. 20
./
166, P.
167,
Ohio
reserve
deferred
company,
_—
income
oper.
after
—V.
for unrealized profit on installment sale,
$209,378;
minority interest in subsidiary
stock,
(637,997 shares), $637,997; capital
earned surplus, $3,983,632; total $22,401,917.—
gencies,
__
Operating taxes
^mounts due under long-term contracts—current
installments, $94,000; customers' deposits, $119,369; mortgages payable,
$209,235;
amounts due under long-term contract,
$94,500;
15-year
to
-
share/payable March 31 to stockholders of record March 10. Payments
In 1947 were as follows:
March 31, $1.25; and June
30, Sept. 30. and
Dec. 31, $1 each.
v."
."
...
The company states "the dividend for the first quarter of 1948
reflects the current earnings of the company."—V.
167, p. 549.
and
of
the
2562.
p.
corresponding
profit
preceding
disbursement
payable
shares of North
Quarterly Dividend of
West.
166,
totaled
t
15-year 4% % sinking fund
have
been
called
for
104V2
any
of
"extra
an
stock,
The
Net
common
Dec.
North
the
stock
common
Electric
1949;
Dividend Declared—
Extra
V.
Operating
the
he
Corp. Is exclude,
of
Northern
11,447,808 141,810,209 128,913,945
Uncollectible
of
on
Utility
7 %
common.
part
Electric
net
of
30
Jan.
of
40%
June
on
-
i
$400,000
1960
$83,929;
$
11,478,628 142,110.051 129,147,417
30,820
299,842
233,472
revenues
550
Leahy
Power
remaining assets
the
Middle
Debentures for Redemption—
15,
at
of
close
4%i%
1947—12 Mos.—1946
$
13,150,014
268.275,000 cu. ft.
above production
Telegraph
19471947—Month—1946
period End. Dec. 31—
Operating
this
Schroder Trust Co.,
trustee, 48 Wall St., New York,
the full redemption price, plus accrued interest to March
presentation and surrender • pf the debentures.
.
3.3%
,
stockholders
its
distribution
$0.95
—v.
,u/
to
from
per share yearly on their North West stock
the effective date of the plan. Middle West
to
remaining will be added
thereafter $400,000
months
Oct.
ASSETS—Cash
,
taken
$7
1946,
1,350,000
Notes Placed Privately —The
company, it was announced Feb.'17, has placed privately
\
of
the
stock
Light
amended
redeemable
arc
outstanding
holder
'
Neptune Meter Co.
Life
Fed. & Canadian income
$1,024,355
1,030,000
,
$1.42
sh
1686.
consented
who
554,000
-
$1,412,140 v $901,667
1,030.000
1,030,000
$1.37
$0.84
1,030.000
39,542,081
option at any time', prior
1948, convert such debenture
at its principal amount into common stock at a rate based upon the
adjusted conversion price of $30.68 per share of common stock.-
to
$2,928,355
958,000
$1,464,267
_
&
from
of
Consol.
profit
lent
j
the
upon
Net
1945.
1
profits tax— A
excess
Net
43.175.180
balance
annually
next,
22,
at
Y.,
Operating
$2,449,267
985,000
38,371,696
34,458,112
the
The directors have
Corp.—Earnings—
1946
4,048,988
4,032,383
Co. and Connecticut Mutual
Period—
1947
333,543,467
capital.
due
Consolidated
Calendar Years—
355,403,178
4,408,024
Convertible
of
made
2789.
p.
29,879,147
20,753,595 263,107,110 234,225,793
5,076,564
53,924,372
56,142,494
4,384,337
and
during
March
to
Manufacturing Co.—New President—
1396; V.
34,063,873
24,219,531
_
of
preferred
Paul
approved
was
102,260
to
*
167, p. 549.
appeal perif
stockholders
Plan—
Public
Wisconsin
representing
and
Roy H. Alexander, of Cleveland, Ohio, has been elected President, to
succeed his late brother, Verne M, Alexander.---V. 164, pp. 3294 and
2056;
plan
of
whichever is greater.
..and
National Tile
sale
Calls
::
Jan. 31, '48
The
have
appeal
to
pp.
hearing
a
the
holders
748.
1950
earned
year,
$21,696,091 $13,388,714
—
167,
Judge
under
shares
5,436,318
debentures
22
Period—
.'
preferred
common
respect
plan for
a
vision
I
working
N.
National Tea Co.,
of
.V '
...
Co.
The
*
1,948,698
$5,924,325
$316,031
wou1
Electric
bentures
depreciation of
the
of
four
with
following
334,164,311
income™
p.
this
of
424,005
3,013,061
/.
—
it
6.
Light
enforcement order
by
District
356,277,398
330,400
424,005
—
surplus
Total
1946.—V.
67,567
330.400
.
__
140,303
221,925
._n—
.___——
—
the
corresponding
66,407
.
income
taxes
Note payable (due 1950):
Capital stock- ($1 par)—.
Capital surplus
T_;
Earned
and
-———
Federal
Other accrued
Profit
commissions
royalties
Provision
S.
company
$4,000,000 3%% sinking fund debentures, due
Feb. 1, 1058. The issue was placed through Baker, Weeks
& Harden. Presently outstanding debentures and notes
amounting to $2,695,000 will be retired from the proceeds
$3,858,302
36,952
—
America!
American,' said
delayed to allow time for the
Distribution
ap¬
totaled
ance
7,769
$479,419
;
North
of
Nov.
on
was
American
said.—Vi.
Life Insurance
7,938
—
.
North
of
effective .the
severed
portion 1 c
provides
for
dissolution
of
Norl
liquidation and retirement of all its stoci
for
plan
order
vately to a group of insurance companies, including
Metropolitan Life Insurance Co., Connecticut General
8,935
__
charges
motion
by the Securities and Exchange Commissic
and enforcement was ordered by the Federal Di;
action
no
Assets
been
Corp.—Sale of Debentures Privately—
The company, it was announced Feb. 20, has sold pri-,
-
Deferred
the
on
declare
determination
29,929,464
charges
Noma
for
reserve
for
subsidiary
North West Utilities Co.—Court Reserves Decision
k
V.
369,309
15.178
(after
—V.
10,975
433,506
etc.——_;
after
45,000
6,481
10.975
amortization)
provides
its
appeal.
Freeman
U.
fj)
rev._
revenues
taxes
oper.
Net
14,149
22,500
working funds
__—
equipment,
that
of
schedule
_
14.149
refund
companies—
receivable—other
by Judge Paul
severing that part
Co.
stock
preferred
President
Delaware
the
from
their
The
Net
16.420
2,243,794
market
Operating
996,18(1
.
24.098
profits tax
excess
Employees' advances and
Note
1,793,234
—_T__
or
order
American
approved
North
forcement
167,
40,375
—
cost
Co.
an
Co.
entered
to
and
in
on
34,166,133
Operating expenses
40.375
material purchases
Federal
for
Court
Pending
Mr.
York.»—V.
New
1945,
1947—Month—1946
,r•
revenues
Operating
1946
$1,298,674
bonds and accrued interest
at
Inventories
held
Power
The
1947,
elapse.
of
1411.
p.
Telephone
■•'{',l
Uncollectible
$488,251
1947
Prepayments—raw
Delaware
&
Young
Building Co.—New V.-P.—
Secretary
Vice-President.—V.
Operating
$1,162,096
_:
&
was
1.
was
25,
appealed
John
and
Period End. Dec. 31—
$1.55
;
Oct. 31
1
receivable—trade
of
North
publicly
action
Light
plan
Power
receivable—trade
the
Freeman,
Plan
June
on
Co.—New Directors—
Rubicam, co-founder
Chairman
and
New
$510,684
$312,815
i
Accourits
Gas
in
subsidiary to make prompt retirement of the pre
waiting for final determination
of an
apper
rights of North American Light's
common
stock
the
prompt
American
Inc., is Vice-Chairman of the Committee for Economic Devel¬
is
pointed
/■'
ASSETS—
Notes
of
which
C.
Amended
'
U. S. Treasury
Natural
issuance
District
without
to
decision
Julv 31
Apr. 30
$375,188
$182,641
17 by
accrued
.
Court
followed
Light
its
stock
Herbert
16, Sept. 15 and Dec. 15, last year, and,
cents was paid on Jan. 5, 1947.—V. 166,
New York Stock Exchange
$510,684
$4.11
.—-
and
'
Northern
1
all
order,
provisions
share-
income
of
enables
ferred
297,360
Jan. 31
Plan
■
extra
an
Life Insurance
Rubicam
Mr.
Frank
$1,358,895
Quarters Ended—
the
American
The
Co.,
435.
p.
349,799
870,000
:
.
paid
per
Vice-
each
$100
retirement
on
5,659
$1,061,535
Earned
to
quarterly dividend of 10 cents per share, both
to stockholders of record March 5.
Like amounts
15
York
Rubicam,
22.500
income
Dividends
451..
p.
declared
recently
special of 20
a
Raymond
$866,143
■■;/
dry hole losses—.'1
tax—
North
L. McGinnis, Comptroller and Assistant Treas¬
Superintendent of Agencies; and Edward Base,
,159,
elevated
to
Feb.
on
payable
fixed.
Federal
Amended
retirement
A
been
of
the
Action
19,005
——
of investments
down
of
$10,-
date
amount
equivalent
shares of $6
109.255
announced
it was
total
share,
a
announcement
of
trict
New
$847,138
26,980
operations—-.-——,
exploration,
gas
have
The
from
$194
the
stock
common
Lehay
2106.
4,970,273
$2,251,395
and
staff
with
to
its publicly held
The
1
company
recently provided the cash required for the retire¬
through sale of its entire holdings of 710,500 shares of $10 par
ment
$7,454,730
7,446,017
Stevens
Oil
increased
'
executive
March 25, June
on
directors.
income
have
assets
The
retire
to
about March 3,
or
on
President.
approximate
dividends
usual
the
addition,
p.
1946
1947
$11,539,677
.
Selling and administrative expenses
Other
and
will
stock
Ackers,
increased
the
Secretary.—V.
payable March
.
from
■
E.
increased
R.
viz:
directors
The
share
Report—
Fiscal Years Ended Oct, 31—
Profit
force
D.
plans
company
preferred
relating
Sales, less cash discounts
Cost of sales
in
Stock—
holders.
.
Co.—Annual
Tank
the insurance
years
The
New York Auction Co., Inc.—10-Cent Extra Dividend
a
were
National
ferred
cents
60
.'
;
filed
16
of
119%
and total assets have
income during this period has
grown
Babcock,
Burt
Assistant
letter of notification with the
SEC for
5,236 shares of common stock to be offered at $30 ea'ch.
Underwriter, Nathan B. McGuffey.
Proceeds will be used to raise
,
dividend
a
of
members
Presidencies,
urer;
National Standard Insurance Co., Orlando, Fla.—Files
,
has
The annual
80%,
$1,788,563 to $3,892,821,
804,333 to $19,532,321.
fund
surplus,
Life
last 10
from
income
pay
on
of the
the period
New
(after deducting $337,466 U. S.
for Federal
tion
stockholders
to
During
and
payable
retirement fund
pension and
will
it
record as of Feb. 10, 1948.
I similar
distribution was made on March 1, last year.
John J.
Cadigan, President, reported that an all-time record pro¬
duction, pf
new
insurance has placed the company
in its highest
point during its history.
Mr. Cadigan stated that new insurance
written
during the year totaled $15,951,631.
The company finished
the year with a total of insurance in force of $86,584,965.
liability—contra),
markdowns
that
announces
company
share
per
The
SEC
The
oii
980,000
stock
on
•
the expenditure of $14,481,000.
Oklahoma City—Files With SEC
Producers, Inc.,
company'
for
/
•
will be applied toward the company's 1948 construction
which is expected to call for
p. 749.
will
Underwriter,
for
V
R,
be
V.
16 "filed
Feb'.
shares
common
offered
Klein
at
&
30
Co.,
a
letter
of
notification
stock
and, 150,000
cents
and
New
drilling costs and working capital.
the
York.
with
option
warrants
Proceeds
the
warrants.
at
will
1
cent.
be
used
1
RR.
Oregon-Washing ton
W.
Redemption—
The
series
A,
3%
be
made
N.
Y.—V.
165,
office
cents
of
PURPOSE—The
Feb,
Co.—25-Cent Dividend—
cents,
-banks
for
several
includes
which
the
of
banks
largest
institutions and eleven eastern banks.
the company may borrow, repay and bor¬
amounts of money up to a maximum
of $80,000,000 at any time prior to March 1, -1950.
■
An application for approval of the agreements has been filed with
this
Under
the
California
on
the
have
the
tc
to
few
common
sold
provide
will
banks
time
to
program.
in
flexibility
added
including
about
at low interest
This will t mini¬
mize the need for maintaining very ..large cash balances in advance
Of actual requirements and also afford ,us greater latitude in endeavor¬
ing to select the most advantageous times at which permanent financ¬
ing may be undertaken."—V. 167, p. 749,
us to borrow .money on short-term notes
during the .intervals between security offerings,;
permitting
rates
(8)
6-year
for
well
as
20
Operating expenses——_
Operating taxes
to
total
The
buildings,
general
facilities,
charges
after
Net
Registers With SEC—
$2,000,000
bonds
tional:
amount
of
550.
p.
of
»
Pipe
on
20.
Feb.
declared
paid two dividends, each for 32 cents a share, the first of
paid on March 17 and the second on Sept. 17.—V. 166, p.
Penick
Feb.
On
the
or.?,
which was
2422.
V.
past
the
Month of January—
A
dividend
Milk
1947
1948
I
$47,983,402
$44,277,876
statement
Feb.
filed
was
J
with
13
the
SEC
by
the
G. H. Walker & Co. and Julien Collins
from
4%%
its
will
sale
cumulative
stock.
preferred
used
be
preferred
Balance
the
of
the
for
stock
redemption
4%%
and
of
oppprtunity
ott
share
a
of
Rate
it
which
proceeds
exchanging
share
for
dividend
will
will
of
all
stockholders
at
for
the
new
preferred,
be
tion,
of
ended
—V.
167,
Feb.
Co.,_
300 noo
Co._
&
&
meeting
special
a
to
be
held
on
March
2
will
25-Cent Dividend
F. Boynton & Co., Inc.
Illinois
directors
class
holders
12,
166,
record
June
p.
Feb.
stock
A
of
on
13
16
on
decarled
account
March
of
cents per
of 25
accumulations, ,payable
Payments
3.
and Sept. 12,
last
20 cents each;
'
2563.
dividend
a
year
were
share
March
as
12
follows:
and Dec. 26, 80 cents.
'
Dain
150,000
&
Co.——_
Kalb,
McJunkin.
Smith,
Voornis
Co
&
Patton
Moore
&
542,575
$629,130
$653,621
$7,475,798
this
—V,
was
2.945%,
awarded
Five
Feb.
other
17
on
groups
a
were
bid
in
submitting bids for the bonds as 2%s
bonds
as
2%s:
of
98.639,
the
and
net
interest
competition, four of
for 3s.
Bids for
one
Halsey, Stuart & Co., Inc., .98.5699;
a
amounted
it
100,000
White, Weld &
199,473
189,425
2,356,974
$464,196
$5,118,824
$4,781,309
——
687,500
,687,500
etc.-
$4,431,324
$4,093,809
dividends paid
for
stock dividends,
com.
166, p. 656.
has
Life
Mutual
15-year 4^4% note.
a
Proceeds will be used in com¬
pany's expansion program and working capital.—V. 164,
capitaliza¬
1125.
Reeves Brothers, Inc.
Subs.)—Earnings—
(&
% 1947
1946
$32,645,677 $26,700,504
6 Months Ended Dec. 31—
subsidiaries for the
152.948,000 kwh., an increase
to
Financing—The company,
completed arrangements with
Insurance Co. to borrow $750,000
Corp., Ltd.—Private
announced,
is
Pacific
100,000
sales-
Net
—
profit before Federal and State inc. taxes:—
Federal and State income taxes—
—
Net
week of last year.
3.669,242
"3,638,967
1,398,789
1,584,024
will
and
share—
provision of $1,000,000 for replacement of "last in-first out"
for company and three subsidiaries, at estimated Dec. 31,
replacement
1946,
franchise
State
—___
$2,269,997 t$2,164,314
1,137.149
1,137,149
$2.00
" $1.90
tlnoludes $109,205 special credit for refund
costs,
taxes,, prior years.
;
Piedmont Aviation, Inc.'and
Airlines,
will
have
a
capitalization
Piedmont
outstanding
shares
inventory
of
——————
profit per common
'After
for the
common, stock
completed
;,
profit—
Common
Net
Carolina's
North
become
only
Net
its
pf
completed
is
amounted
$0.67 per
cer¬
for
the quarter ended Dec.
31, 1947,
to $1,508,367, or $1.33 per share, compared
to $761,630, or
share, for the September, 1947, quarter.—V. 166, p. 2564.
profits,
taxes,
after
scheduled
route,
will
and
immediately
followed
be
regular
by
"...•;./■
T.
H. Davis,
President,
■;
cities
many
arrangement.
the
on
first
the
for
with
connections
for
Piedmont
route
non-change
provide
purpose
to
service.
Schedules
15
to
by
the
pilot,
a
utmost
been
and
that
so
transfer
oursor,
there
will
and
for
safe
operation
required
as
by
The
was
aircraft
incorporated in
sales,
service
of
the
offices
are
located
1940
rentals,
largest
one
in
at
Smith
Reynolds
Winston
Airport,
Salem,
Carolina.
Pioneer Service & Engineering- Co.—Weekly
the
output
week
of
ended
the
operating
Feb.
14,
with 222,489,000 kwh.
of 12.8%.
Electric
output
of
the
for
served
companies
totaled
1948,
the
by
251,065,000
corresponding
com¬
week last year,
an
,
by this company
for the week ended Feb. 7, 1948, totaled 260,237,000 kwh, as compared
with 223,295,000 kwh. for the
corresponding week last year, an In¬
of
16.5%.—V.
operating
167,
p.
656.
companies served
1,256,147
1,549,564
$2,000,838
$799,460
350,405
367,526
302,639
$5.26
$5.36
$2.25
shares——
common
share.
Republic Drill & Tool (Co.—Earnings—
*
.
:
1947
1946
1945
$75,322
profit
"After
$143,914
$80,830
depreciation, Federal income taxes, etc.—V. 165, p. 3398.
Republic Steel Corp.—50-Cent -Extra Distribution—
On
Feb.
and
common
22,
stock
in
The
the directors declared an extra dividend of 50 cents per
usual quarterly dividend of 25 cents per share on the
17,
the
25.
last
cents
year,
trust
New
p.
per
Jap.
on
as
connection
holders of record March 10.
April 2, July 2, Oct. 2 and
distributions on the common
share.
dividend
$1.50
of
per
Ry.—Equipment Trust
Francisco
28
on the 6% cu¬
was also declared,
167, p. 750.
share
prior preference stock, series A,
authorized
the
company
to
assume
Ctfs.
obligation
not exceeding $8,280,000 2%% equipmentto be issued by the Chase National Bank,
sold at 99.385 and accrued dividends,
procurement of certain equipment.—V. 167,
respect of
certificates, series
York,
total
to holders of record March lO.-r-V.
1
liability in
,and
$2
quarterly
convertible
ICC
brought
which
Louis-San
St.
The
in
to
1947
regular
mulative
payable April 2 to
each were paid on
both
stock,
of
Extras
Dec.
company
as
1,126,606
Six Months Ended Dec. 31—
"•'Net
Output—
this
kwh.,
2,349,025
$1,843,448
—„„
payable April
Electric
1945
1946
3,256,985
"Preliminary. —V. 166, p. 2315.
Civil Aeronau¬
to engage in charter oper¬
overhauls and instruction.
It
fully certified aircraft and engine overhaul
the South East.
These activities are to be continued.
Shops
company
ations,
of
Earned per
will be no more
plane will be
equipped with all
Board.
2,970,054
—
profit after Federal taxes—
Net
Each
be
taxes
Federal
—
_
share
instruments
%
'■T947
"profit after charges
Net
some of our busiest
and Louisville, where
made.
Less than '20 %
points.
Subs.)—Earnings—
(&
sales—$21,031,930 $19,323,498 $13,198,249
No.
competing companies.
It is our
efficient, comfortable, convenient
arranged
delay' at
co-pilot
by
in
be
may
Corp.
Calendar Years—
Net
affords
Cincinnati
points
flown
is
have
minute
30
and
time,
to
service
further
Stores
Reliable
is
direct
crease
172,753
$42.9,657
avail,
Purex
and its
corporation
;
'
•
cities
for
$6,873,693
'
$7,046,446
2,265,137
amortization
&
income
Balance
on
increase
issue
of
them
$6,933,223
37,173
p.
been
'
service. ;
pared
1978.
cost
$616,448
42,762
income
1,966,000
3,064,998
;
*
100.000
Co.
Co
&
7.8%, over the corresponding
have
(par $1)
North
the
$586,368
(net)——
150,000
Northwest
said:
"The move paves the way for giving the
people of North Carolina
and Virginia needed,
east-west airline service.
It gives an air outlet
and
Offered—The First
Boston Corp. and associates on Feb. 18 offered $25,000,000 1st & ref. mtge. bonds, 2%% series due 1978 at 99.25
and int. Bonds are dated Feb. 1, 1948, and are due Feb.
The
revenues—
oper.
prior preference
200,000
Philadelphia Electric Co.—Bonds
1.
1.998.000
Southeast.
shops
134,701
150,000
$1,000,000
Commenting
has
106,930
-
200,000
Aviation, Inc., Winston-Salem, N. C.—New
division,
The
share
a
$2,330,233 $27,215,363 $24,536,281
015,27.9
11,177,547
9,492,278
160,539
2,051,1)35
1,623,228
123,209
1,600.637
1,516,084
3,454.021
Net
200,000
__
Leonard & Lynch
M.
J.
Company
airline, and the secorid largest airline headquarters
Public offering of the stock consisting of 675,000
limited to residents of North Carolina.
Twenty-one passenger, twin-engine Douglas DC-3 airliners will be
used.
Proceeds of the financing will be used to purchase additional
planes of this type and for other corporate purposes.
The Inaugural
flight is scheduled for .this week over the Wilmington-Charlotte-Ashe-
the
of
1947—12 Mos.—1946
1947--Month—1946
$2,529,874
989,247
revenues
—
254.000
Interest
200,Ouo
1,250,000
financing
approxmately
than
one-fortieth
200,000
Co.
1948
or
;
manned
—V.
Brot hers
Arranged—
this
the
Stock Dividend—
of
764.
p.
Balance
purchase and public
offering of 675,ooo
shares of
of the company by
Klrcljofer & ArnCTJ Associates, Inc., .Raleigh, N. C.( Investment bank¬
the
dividend
a
260,753
Net
$625,000
'_
& Co.
of
14,
Arrangements
in
declared
have
750.
p.
)
V^'v
-157/'■■
330,142
Other
750.
p.
output
Piedmont
shares
p.
232,486
Net
tificated
167,
Depreciation
Federal taxes'on income
625,000
11,061,000 kwh.,
tics
March
Co
Pacific
Co
electric
«
beneficiaries
stock,
Maintenance
as
1,250,000
V. 167,
see
•
and
\
Industries, Inc.—21/2%
Period End. Dec. 31—
the
are
Farwell. Chapman
Co
&
166,
Operation
Weekly Output Increased 7.8%—
of
V
Petroleum & Trading Corp.—To Pay
the
and
by i*ach
For further details of history, earnings and
to
on the new stock and the price at
supplied by later amendment to the
ppid
will) be
,
to
Milwaukee
The
& Co
flight
to
authorizing 150,000 shares of a new preferred stock junior to
the presently authorized preferred stocks.—V. 166, p. 2563.
on
H.
2,300,000
Rollins & Sons Inc.
&
out
1865.
future.—V.
directors
Operating
addi¬
bank
1,250.000
Moseley
in
'
policyowners
This brings to $86^.369,000 the
to policy owners and beneficiaries
1947.
in
has paid
company
force.
to
credited
or
founding
in
Insurance
of
$30,889,000
Piurct Sound Power & Light Co.—Earnings—
the
1,250.000
applied
be
consider
The
Co._
Secu¬
ville-Cincinnati
basis.
to
offered
be
holding
their
registration statement.The
The
Republic Co.
cumulative
working capital to carry increased accounts receivable and inventories.
Holders of the presently outstanding preferred stock will be given
the
underwritten
Moore,
airline
Co.—Registers With SEC—
the principal underwriters.
proceeds
second
&
Rothschild &
When
covering a new issue of 100,000 shares of preferred stock and
outstanding
,
underwriters
several
bonds
series
&
week
The new stock will be cumulative
with respect to dividends and will have a par value
of $100.
The stock covered by the registration statement is a new security
ar.d
the
of
names
Corp. _$2.900,000
ers.
registration
as
and
Co.
S.
—V.
the kind and
in the light
so,
Whipple
The
cents per share
of 40
:
.
—
Co.
if
Watts
F.
.
payable March 31 to holders of record Feb. 27.
Scrip certificates will be issued in lieu of fractional shares.
A similar distribution was made on March 31 and Sept. 30, last year.
determined
be
Baker.
Estabvook
256.
p.
naming Kidder, Peabody & Co.,
&:
will
Stern
2107.
Sales
company
financing
Bacon,
Shields
(J. C.) Penney Co.—January Sales Increased 8.37%—
Pet
and,
the
common
a
p.
167.
1952,
,
Other taxes
1949
1978
Brothers
Financing
—V.
of
to
-
made
to
the;near
of
of
probably require
additional securities or
2,300,000
F.
stock, payable March 13 to holders of record Feb. 27.
two-for-one split-up on April 4, last year, the company
cents each on June 14 and Sept. 13, and $2 on Dec. 13.—
40
sale
the
'
in
will
program
amount
The
other
sale
the
stock,
Co._ 2,300,000
E. H.
common
166,
the
of
preferred
'W\
reached by this company
1947, according
was
report _made
Publicker
about
obtained
force
'
Boston
Sachs
In
and
part, from
in
of
$60,000,000
in
insurance
reached $1,264,319,000 at the end of
Seeks to Develop Housing Units—\
c ■ Mr.
Linton said that new legislation enacted during the past year
by the Pennsylvania Legislature now makes it possible for insurance
companies to'make direct investments in real estate foi* the production
of
rental income.
The company- is already studying. the possibilities
of developing housing units and desires to enter this field of invest¬
ment, 'with its public^ service, opportunities;," and ■ hopes.' that cost in
the
building industry will be reduced 'sufficiently to warrant action
;
year
declared a
the directors
office
t
of Philadelphia
Co.
Life Insurance
almost
Payments
since' its
time.
(Inc.)
Ford, Ltd., Inc.—40-Cent Distribution—
&
17,
Following
paid
for
for
proceeds
of bonds and
Central
Comptroller, has been elected
Treasurer and Comptroller, it is anounced by 3. B. Taylor, President.
Ir. his new position, Mr. Bereit relieves Mr. Taylor of the duties of
Treasurer, which he had carried in addition to his responsibilities as
President.—V. 165, p. 578.'
-Is'!.V-%.>
•'
%/';
Bereit,
P.
provided
the
Corp.
2,300,000
Wertheim & Co._______ 2,300,900
Elected—
Parker Appliance .Co.—New Treasurer
Otto
being
from
approximately
rities
dividend
a
part
of
-
plant,
securities
'
of
'
proceeds from the sale of the 1978 series
stock included in
the v. present, financing
the
of
*
Stone'& Webster
equivalent to 64 cents a
the capital stock, payable March 1 to stockholders of record
The dividend was declared in bolivars.
In 1947 the company
have
.directors
heating
Eastman, Dillon & Co.__ 2,300,000
Lehman
L.
The
Co.,' Inc.
Line
steam
sale
from
;
'•
Assets
of
amount
.
approximately
Goldman,
Dividend
Pantepec Oil Co. of Venezuela, C. A.—Larger
amount
First
The
Ferry
at
annual
amounted
will be required in
sale
additional
.
estimated
the
^
of
net
circumstances ;at
follows;
has been elected a director.
He is Vice-President,
Secretary and Treasurer of this company. '
Mr. Ferry's election to the board filled a vacancy in existence sev¬
eral months.—V. 166, p. 2562.
J.
cost
high
figure
-average
*
substations,
,
'
.
- •- * <<■'
aggregate
the
completion
such
is
program
UNDERWRITERS—The
Hugh
of
1948.
for
this
preferred
new
The
principal
Co.:—New Director—
Motor Car
Packard
share
scheduled
financing through
during
the period
loans
plant and repay outstand¬
Telephone & Telegraph Co.—V. 167,
ing advances to parent, American
,and
program.
telephone
to
improvements
and
additions
j-
.
profit
§*$445,535
1,045,500
.
Nil
public on Feb. 9 by ,M. Albert 'Linton,
also" -reached, a record high at; $569,608,000, an
$25,000,000 over the 1946 figure.';'
New insurance sold
in 1947 aggregated $118,281,000 compared with
$112,426,000 during the previous year,/-The average amount of insur¬
ance
per new policy stood at an all-time high ox $7,000.
Voluntary
terminations occurrlng by lapse or surrendor anionted to 1.9% .of the
1948.. Addi¬
required if the company purchases, natural
and
December, 1946, from
$40,000,000 estimated
'
•
is
is
cost
$4,000,000
earnings and in
securities,
including the
new
on
company
to
existing
and transportation equipment, and
aggregate cost of $9,000,000, of which
an
financing of
reserves
Feb. 13 -filed a registration statement with the
SEC covering $75,000,000 30-year debentures, due March 1, 1978.
The
names
of the underwriters will be determined by competitive bidding.
Proceeds will be used to reimburse treasury for costs of extensions,
The
•
an
—_
———
§ Includes
Mutual
that
"President.
$6,000,000
garages
at
t Preliminary.;'.'.
-increase
■
will be required in 1948..;'
,
improvements to the distribution system,
and related facilities, ihaving an
about
outstanding
record
A
when
of
loads.
service
11,444,116
20,219,417
14,155,364
10,345,220
893,652
3,312,348
2,162,299
1,602,215
income
operating
with
468,000 Crl,875,000
,
$1,206,702
1,045,500
$0.97
—Reports New Highs in 1947—
.
and
which
of
shares
Provident
customers
cost
■___v
..
gen¬
construction
about
distribution
electric
,1946
;
—$59,300,000 $25,210,846
1,674,782
*'2,320,535
income———-^—
on
taxes
"Loss.
$6,000,000
and
to
expenditures may be
The
Net
•
electric
extensions' to
as
stations,
new
which
tl947
taxes
amounting to $495,000.—V. 167, p. 750.
cost
v';
of which
$33,000,000,
from the Trans-Continental Gas
Additions and improvements in
gas
13,462,210 249,905,602 153,086,219
1,1,727,616 213,872,983 129,977,436
840,942 21,877,255 11,664,667
26,670,124
22,253,298
2,254,527
revenues-.—
several
the
(& Subs.)—^arnings-^-
Earnings per common share-,—
1948.
additional
tional
p.
profit—
Common
$30,000,000,
required during ;1948. ''
at
developments,. including
(9t
Operating
at-i about
■-*
Improvements
serve
250.981,813 153,596,914
42,069
1,076,211
510,695
129,158
of
$44,000,000, of which about $8,000,000 is
'•//■•■'■ "y,1<"%
betterments to' the gas .production, trans¬
mission
and
distribution
facilities,
including " new - holder : capacity,
equipment required to utilize the new supply of natural gas-in con¬
junction with existing facilities and additional mains, and. services to
aggregate
13,504,279
26,799,282
Net
$14,000,000.
1950.( The i total
estimated
will be
betterments
and
additions
$15,000,000,
Operating revenues—I—
Uncollectible oper, rev.)
is
improvements
estimated
extensions
planned
1947-^12 Mos.—'1946
1947—Month—1946
first
the
approximately
for completion in
substations
and
an
before
Income
1948, and the second in
is estimated at about $23,000,000,
for .1948.
Other
cents on
656.
25
167,
dividend
1 to stockholders of record
paid on March 1, last year,
Sept. 2, and a year-end of 25
')■:'''VI'(
was
sales
Profit
in
being
station
transmission
$26,000,000. qf
(7)
Telegraph Co.—Earnings—,
Telephone &
Pacific
Period End. Dec. 31—
Net
165,000-kilowatt unit at the Richmond
new
and
approximately
including
of
22.—V.
amount
Calendar Years—
of
kilowatts
60,000
kilowatts)
66,000
of
1948
for
a
scheduled
lines
Additions
another
regular semi-annual
March
payab'e
like
of
the
declared
17
share,
Barbadoes
the
at
of
V'
costing
scheduled
(61
Our arrangement with the
our financing operations by
of
units
1948.
new
Feb.
on
Pressed Steel Car Co., Inc.
two
$55,000,000,
about
capacity
later
addition
of this
planned
Richmond
Electric
(5)
is
at
stations, including installation of additional generating ca¬
be completed in 1952.
The cost of all this work is. esti¬
approximately $29,000,000, of which about $2,000,000 is
several
on
.
initial
Dec.
at
facilities,
to
capacity
completion
additions
for
with
Corp.—Semi-Annual Distribution—
Steel
per
An
by
to
planned
.
needed
as
rated
a
approximately $1,000,000
Other
mated
within
subscription rights
company Will be
capital
additional
provide
to
large construction
our
on
carry
weeks from ,our proposed .offering of
stockholders.
Other securities of the
time
from
which
pacity
hand at
company,
on
cost
at
erating
President of the
of additional funds
James B. Black,
about $17,000,000
said
secure
capital
working
of
total
for
installation
work
(4)
"
amount
substantial
time,"
expect
next
P. U.-.Commission.
a
present
"and
The
The
cents
23.
cents
unit
of the first
completion
additional
having
effective
scheduled
station,
of
,
"We
is
arrangement
again
through
estimated
is
two
of
(each
-expected
an
directors
25
Feb.
followed
turbo-generating
second
the
of
project
installation
station
the
its unsecured notes
row
this
facilities
generating
nine .California
prised 'of
The
of
program
of
cost
expenditures
of
1948
statement
.
related
The
which
is com¬
the country,
6-year
generating station
(having a rated capacity of
and an expected effective capacity of 169,000 kilo¬
generating
(3)
This
1948.
for
a
price class.
Portsmouth
approximately $30,000,000 had been expended prior to 1947,
additional $i.8,000,000 had been expended to Dec. 31, 1947.
an
1949.
in $1,000
the
kilowatts
(2i
and
»
V"
in
completion
and
which
and
will l-
The
units
the
in
planned
is
filed
13
.offered
the (elec¬
to
<Feb,
on
covering 20,000,000 shares-common ,,(-lc par).: The stock will
at
$1'; per share.
Not ' more than 100,000 shares will
SEC
new.
of
program
improvements
and
additions
Southwark
150,000
it was announced Feb. 16, has arranged with a group
standby credit of $80,000,000.
The banking group,
a
$50,000,000
The
the
watts).
Arranges $80,000,000 Bank Loan—
of
..about
at
construction
-PROGRAM—The
extensive
registration
the
be
be N.
offered to employees and officers
at 87'/a cents per share.
Under¬
writer, Tellier & Co., New York.
Proceeds will be used for capital
equipment and working funds.
Company will manufacture small car '
series' bonds,-
1978-
capital for the company's planned construction
new
includes:
,
for
company,
1952,
and
stock of record Feb. 27 will be offered the right
for common stock ($25 par) to the extent
each 10 shares held.
Stock .issued on subscription
will not be entitled to any dividend declared on the common stock for
which a record is to be taken on March 19.
The
rights to subscribe were admitted to "when issued" dealings
Feb.
19 on the New York Stock Exchange and
will be admitted to
regular dealings on March 23.
They expire on April 9 and will be
suspended from dealings at 12 noon, that date.
The
of
to
at $25 per share
share
one
the
of
and steam facilities.
The program contemplates expendi¬
approximately $235,000,000 during the 6-year period, 1947
inclusive, of which about $48,000,000 was expended in 1947
gas
tures
of common
Folders
to subscribe
of
provide
includes
tric,;
(1 >
Electric Co.—Rights to Subscribe—
Pacific Gas &
sale
the
from
through 1948 and the early part of 1949.
CONSTRUCTION
Feb.
5
to
company
regular quarterly dividend of
share on the common stock, payable March
24.
Last year, the following payments
per
used
program
declared a
16
be
./
Gamble Robinson
on
120 Broadway, New York,
at
company
',
.
proceeds
aggregating $24,659,750, and from the sale of 150,000 shares of
4.3%
new
preferred stock
(par
$1001, aggregating $14,610,000,
5 to holdeis
were made;
and June 5, 20 cents each: Sept. 6, 25 cents; and D6c. 5,
plus 10 cents extra.—V. 164, p. 1636.
y'/,':
record
March
the
of
1072.
p.
directors
25
25
uue
the
at
Pacific
The
called for redemption on April 1, next, through
fund, $538,000 of refunding mortgage bonds,
Oct. 1, I960, a,t 101% and interest. Payment will
Car Corp., Topawanda, N. Y.—Regis¬
Playboy Motor
v
ters With SEC—
3s.
The 'Company
the sinking
of
for
100.7395
has
company
operation
Morgan Stanley & Co., 98.30; and Kuhn, Loeb & Co., 98.18.
Langley & Co. and Glore, Forgan & Col, jointly, offered a price
C.
of
-Monday, February 23, 1948
'•t
Co., 98.521;
Co.—Partial
Navigation
&
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
(852)
trustee,
with
the
A,
and
750.
'
(Continued
'
on
page 49)
-
,
Volume
167
THE
Number 4675
COMMERCIAL
Stock Record
&
FINANCIAL
$ per
$ per share
66% May
90
Range since Jan. 1
Highest
87 Va
Jun
110
NEW
Lowest
Highest
share
$ per
$ per share
66% Feb
Jan
share
2
Abbott Laboratories
Jan
8
Abraham
Dec
10 3/4
Feb
4% Feb
11
63% Jan
9
ACF-BrUl
Apr
60
Oct
45% Feb
11
523/4 Jan
5
Acme
143/4 Feb
11
17% Jan
13'% May
18%
Oct
38
May
55
Jan
43% Feb
14
46 Va Jan
40
Oct
28% Feb
13
36
6
May
Vi
100
10 V2
Feb
7 % Feb
38%
Feb
22% Feb
20
Nov
112
Feb
102
Jan
.
,
8% Jan
15
8
Dec
Dec
Jan
2
Alabama
4
'/a Jan
8
Alaska
Jan
5
Aldens
Inc
75
Jan
20
3% Jan
2
3% Jan
15
Jan
15/
Feb
20
80
Jan
20
80
2% Feb
10
10
41% Jan
Dec
102 3/4
Aug
23/4 May
25'% May
53/4
Feb
a
44
Feb
37
56
Jan
76%
Nov
70 3/4 Jan
Dec
48 Va
Feb
25% Feb
11
903/4
Nov
-
7
27 V?
-
Si
10 Va
104
May
18
May
Nov
83/4 Feb
171'/a Feb
Feb
29 '% May
36 V.
Oct
30
Jan
39% Mar
90
Dec
91
Kid
5
Allied
Mills Co
9
Allied Stores Corp common
29% Feb
16
25
Feb
11
31V. Jan
84
12
5
Oct
88
20
92% Jan
8
Jan
26
26
30 l/a Jan
6
9
Amalgamated
5Va Feb 20
47
Feb
Dec
833/4 Feb
20
50 %
Dec
43 V. Feb
14
ll3/,
Dec
Apr
7 V. Jan
13
Mar
513/4 Jan
6
80
31
Jan
Dec
77 Va
Jan
May
173/1,
Feb
50
May
110 V.
Dec
3% May
7%
Dec
99
Dec
6V» Jan 1
50
10
196 Va
Jan
52
3Va%
Amerada
9
21
59
Feb
Amer
10
213/4 Jan
9
64% Jan
2
13
113/4 Jan
12
Feb
Feb
6%
13
42 V. Jan,
107 3/i Jan
Feb
3% Feb
11
43/4 Jan
Amer
Mar
76 V. Feb
6
80 V» Jan
168
Jan
26
May
54%
Feb
38
Feb
11
Jan
96
Feb
18
Amer
9
lOO'/aJan
20 Va May
28 V.
Sep/
175% Jan
Feb
19% Feb
16
Feb
104 V. Jan
28
Oct
56
Aug
433/4 Feb
20
19
Sep
26 V.
Feb
16 3/4 Feb
4
18 Va
Dec
24
Feb
16
Feb
88
Dec
102
Mar
88
38%
Dec
101 Va
Dec
48% July
118 V. Oct
25Va May
46
Corp
106
Jan
Si
Cable
1
Co
Encaustic
13
16
Jan
22
17 V. Jan
2
American
2
Jan
5
2 V. Jan
2
Dec
115 Va
Jan
X75
89% Jan
86 r'r
31
88
88
44
73/4.:.
56
J%
*60%
10%
*101%
1
.
*78%
*
41
*93
*19%
20
16
90
♦35
35V4
♦96 V.
98
♦26%
27
5%r
American European Secur
x34 Va
•
Jan
20% Feb
11
24% Jan
6
American
Home
10 V.
Jan
6'% Feb
4
7% Jan
5
American
Ice
106 Va Mar
Apr
13
14 Va
May
18% May
30%
Jan
10% Feb
11
13% Jan
92
13
Oct
Nov
5
92
Feb
Jan
30
20
22 Va Jan
8
104 % Jan
12
American
Dec
116
Jan
,100
Feb
X75
1%
Year 1947
Range since Jan. 1
Highest
Lowest
t per share
$ per share
$ per share
18 V.
Jun
Dec
7%
283/b
101
153/4
Dec
x253% May
127
Sep
147
Dec
14%
28 V2 May
39 V.
Feb
.
y
Feb
6%
24%
24%
127%
127%
18
17
29
Feb
132
Jan
14
8% Jan
2
323/4 Jan
10
American
13
16%
Feb
18
8'% Jan
81
Feb
11
95 V. Jan
12
Feb
73
Feb
20
85 Va Jan
9
Feb
12% Feb
13
14% Jan.
9
Oct
Feb
6% Feb
:
172
28
11
90
<
Jan
25% Feb
Feb
17
Feb
Jan
Amer
Jan
9% Aug
16%
Feb
10 Va Feb
11
Feb
16 % Feb
14
19
42%
70 Va
DeC*"
92"
172
40
Dec-
25% May
t
38 Va Feb
;
11
Feb
Feb
11
313/4 Feb
0a&
37
1\
46% Feb
142
Afar
158
Dec
136%
Oct
Dec
Jul? ;
135
Jan
5
26
Feb
11
'
140
Light
*71/4
American
9
7
23% Jan,, 9
100
Snuff
American
Stores
5
American
Stove
2
4
Jan
6
21
193/4 Jan
12
Feb
148% Feb
13
153% Jan
8
82%
Feb
61% Feb
20
68% Jan
5
84%
Feb
62 V. Feb
14
163% July
1363/4 Jan
6
69 3/4 Jan
141% Jan
14
149%
Jun
174%
Apr
62
61 Vb
135
Apr
Dec
41Vs May
xll63/4
Oct
60
Dec
46 3/4 Feb
14
1203/4 Aug
8% Dec
116% Jan
2
129
60
Dec
Jan
50%
Oct
May
110 V.
Feb
95
Jan
21
99
Jun
103%
Feb
85 V. Feb
5% May
10%
Jan
69%
68 Va
62
'
May
7
Feb
11
11
6%
13
7%
40% Feb
Common
Jan
8
31
Jan
9
10
90% Feb
2
Feb
17
7% Jan
9
Apr
62% Jan
16
64
Mar
Am
6
-
Dec
Water
7%
.
;
Tobacco
9
42
30% Feb
11
34% Jan
9
Dec
30
Feb
10
38
Jan
2
Anaconda
35
Nov
51
Jan
33
Feb
13
38% Jan
5
Ancnor Hock
104 % Jan
5
58% July
47% Feb
17
53% Jan
6
14%
Apr
24%
Dec
18 Va Feb
11
23% Jan
2
93/4
Dec
16
4
Apr
Si
Co
9% Feb
10
10
Jan
5
Andes
Feb
4 V. Feb
11
5
Jan
5
A
39%
Oct
28% Feb
14
34 Va Jan
2
Archer-Danlels-Mldland
P
Copper
Corp
Mining
W Products Co
Inc
47 %
47%
117
117
7%
7%
7%
41%
42%
*95%
96
98
*85%
87
7%
42
*.95%
t
*82%
-
-
6 %
50
*57
87
?
6%
61
30%
31%
30%
34
30 V.
Oil
471/4
117
-
6 %
/ /
61/4
>.
86
6
*57
67/a
25'/4
>V-
127
25
*126
17%
17
81
81
6%
7%
251%
24%
129
7%
*71%
*30%
*126
7%
31%
31%
6%
7
83'/8
83 %
Shares
17%
81
*
2,500
Zv'/'-V 80
6%
1,200
25
2,800
128
20
7
71%
7 %
500
*30%
31%
100
6 3'4
6%
12,100
83
83%
83
83%
2,000
74
73%
73%
73
73%
C 1,200
13'/a
13
13'%
12%
13
/
170
*165
170
*165
11,600
■
170
26%
*92
92 V.
10%
io'%
103/8
10%
17 V«
17»/4
17
17
'*383^
-r
49
144
32f4
*135
:
23%
:/
20
■£9
143
*32%
321/4
138
*135
'27Vs
27£>
23%
231/2
'•/; 27%
125
23%
20%
*20
363/4
35
*122
-
125
*121%
63%
64
18%'
18%
149%
62%
:
149%
63%
"
140
*18
/
62%
62%
64
63%
140
1401/4
48%
48%
48%
48%
116%
116%
116%
7%
7 1/4
42%
41%
98%
*95%
*83 :■>
88
7'%
98%
86
6%
63
*16%
650
1,800
500
•
38 3%
47%
49%
9,700
•
173%
383%
39%
144
50
48%
5,700
144
143
560
31%
3V
138
32'%
" 138 '
*135
27
27'%
41%
42
6
6
*57
*95
J *83
63
%
V
23%
■
27
23%
20%
*20
35
*6
*57
v.
700
1,700
23%
203%
34%
149%
61%
62%
64
63 %
140
141
49
48
*116%
116%
100
1,600
124-3'i
*18
18'%
400
>>
,
35%
*121%
1243%
149% 149%
117%
71%
10 3%
'
*20
•*35
36 V.
141
a38%
391/2
49 J/*
144
.
10'%
18%
•'
z
149%
62Vi
63%
400
24,600
>
1,700
5,200
140'%
250
48%
4,000
117
220
7'%
-
97
7'%
2,200
41%
41%
12,000
96
7%
42
96
88%
*83
6%
6
*57
63
89%
6
100
100
1,900
62%
31'%
31%
30%
31'/8
17,000
30%
32
32
33
32%
323/4
32%
33'%
32%
33'/a
1,890
77
74
333 4
33%
1,000
*99'%
100 Va
47%
*47
10
183/4
18%
20
*8%
10
4%
67/e
$ per share
share
for
31%
*46%
29
17%
*80
Sales
the Week
31%
21%
*4Va
Feb. 20
313/4
IOOV4
28%
*57
Friday
Feb. 19
31V4
*98%
Nopar
61
Thursday
S per
31%
31%
No par
5
"
300
x26
150%
141
100
100
5,900
27%
149%
63%
:
r-1 O O
500
300
20
92
181/4
63
63%
139%
10%
15%
1.9%
PRICES
Feb. 18
'
*32%
Anderson, Clayton
Anderson-Prichard
:/ i:
100%
95
10%
91'%
18'/4
62
623/4
41%
'*95
,
1
,
149%
20 V.
1003/4
*80
*15
26%
273/4
;
V.
*122
18%
139%
463%
7 ,-Z
Cable—__No par
1:
36
126
62
V.
1173/4
41%
Corp com__12.50
Jan
For footnotes s6e page 24
463/4
♦117
&
6%
-
62
140
25
20
95
27 »/8
32%
*23V4
'
62 V.
j,
23%
20%
*80
91%
138
27V4
149%
V.
62
*61%
*139%
Glass
$4 preferred
.
3% -Jun
30
98 % Feb
25
149
':31%
18%
200
39V-S
*135
36%
*122
18%
200
26%
6t
49
27%
36%
126
25
com
$5
38%
111% Mar
149
7—100,
Smelt
Dec
Jan
36
9,000
6 3%
17%
*38%
33
27%
22 %
53
91%
Z:-
^43% 14^34
138
*135
27
*18
Inc____5
36%
Nov
138
*123
__5
common__No par
&
383/4
49%
145
30
:-r
100
30% May
463/4
38%
48%
"143%
*20
~
prior conv preferred
Anaconda Copper
Mining
1013/4
39%
47%
*23%
common
Works Co
Wire
*16%
100
B
Woolen
Lead
17%
23%
Tobacco
preferred
Zinc
*16%
20%
$4 conv prior preference___No par/
Amer
17
35%
Viscose Corp common__14
preferred
ioo
American
10%'
*20
American
5
44% Jan
10%
*23%
100
preferred
5%
10%
___100
Sumatra
class
10 V.
*135
__No par
preferred
American
2
1193/4 Jan
Co
American Tel Si Tel Co
5
V. Jan
26%
90
77c
American
10%
263/4
American Sugar Refg common
Feb
91
145
21%
20
*165
27%
No par
12
172
26%
90
32
100
24% Jan
*165
27%
91%
No par
26 V. Jan
172
26%
*383/4
2,000
*6 Va
20%
13
90%
47%
1,500
5%
6'%
6'%
11
*73%
91%
144
-.25/
6% non-cum preferred
American Steel Foundries
139% Jan '
Jan
:■
100.
38
22%
*49
15%
6%
/"
16%
No par
1
*165
7%
10%
:
comiUQn—No par
cimajon
7
71/4
26%
/
5%
22
6%
7%
26 V.
No par
;
172
37%
22%
,
*301.4
90%
5
13
18
Z:
100
17
125
*165
;__10
11
Oct
7 V.
131/4
com
■
53%
*15
25V8
31
13
tAm Smelt & Refg
7 7c
preferred
Jap
Feb
7
*29%
13%
Feb
20
7%
31
12%
i
37:>4
51
*10a%
127
13
20
146 %
251/4
130
12%
23% Feb
Oct
x25 %
*127
No par
Mill
5%
51
10%
67/b
73%
preferred—
*37%
5%
$ per share
83%
Rolling
400
15%
SALE
6%
73%
conv
66%
181/4
831/4
preferred
*64%
82
73%
:
65%
*17%
83
34% Feb
May
25'/4
--Z" 7
65'%
*80
73 V.
7
400
2,500
17%
6%
130
*29%
7,000
75
7%
82
83
Safety Razor
American Seating Co
Amer Ship Building Co
26
/
75
-
7%
Wednesday
7%
American
Jan
25%
♦7 V.
29%
17%
*80
6%
*127
7%
29%
.
HIGH
t per share
82
6%
•
2 Vb
7%
100%
Feb. lTZ/'/z/V
17 V.
17%
*80
AND
73%
Dec
,
y
76%
19 %
Tuesday
83V2
Jan
18%
101%
/
47 Va
116'
*100%
*73V.
29 V.
Jun
101 «/4
*82%
21
May ;
IOO3/*
No par
com
28% Jaly
>
201/4
No par
No par
7%
Jan
Jan
82
No par
Co
&
17%
*80
__1
23V*' Jun
34
20%
preferred
4 Va %
40% Jan
KJ
Power
*17
2
2
7%
95
10%
preferred
American
;
56V» Jan
1-51
News
Co_
Amer Rad Si St San'y com
12% Jan
22%
34 /;• Jun
48% May
20%
*80
*15
15 %
$5-
5
101
15 V. May
142
11
$6
27
32V»_Jan
176
r
Molasses
American
8
Feb
37%
95
11
Monday
6 V2
Feb
6%
*80
t per share
No par
Machine Si Metals^
1,300
51
21%
*15
$ per share
No par
100
com
500
5%
38
5%
6%
11
Feb. 16
American Metals Co Ltd com_No par
6%
preferred100
Fdy Co
900
26%
67
221/4
*6 V4
15
Feb; 14
preferred
cum
97%
*26
'
LOW
Saturday
Amer
Feb
Feb
109%
101%
2
117%
186
*
*75
7%
38
20%
7
3.90%
22
77
*49 %
54
15
20
*100%
Par
Amer Mach St
6,700
97%
5 %
2
*65
5%
*49
95
*103/4
15
20
1
•
7:;v.////•-
5%
2
7%
38
5%
54
*80
11
15
8% Jan
129%
Dec
95
*10%
28 Va Jan
Dec
May
6:,/a
14
Dec
24% May
22 %
*6%
11
6 V. Feb
Dec
99
21%
6%
9
7
170
*37 J/2
213/4
*80
71/4
67
5%
*6%
2
7
;
■
5%
*75
77
7%
38
21%
Jan
76 V.
17
38
84% Jan
5
127
July
20
11
79 V. Feb
24% Feb
:
$ per share
5%
2
2%
*65
1
STOCK
'7EXCHANGE
.
85
11% May
*75
7%
65
*5%
100
NEW YORK
-
Highest:,
16% Feb
Jan
32% July
Dec
8%
*5%
75%
7%
x65
STOCKS
Lowest
80
7%
*49%
preferred
Range for Previous
77
6
common.
26%
400
%
2
No par
Locomotive
'
102
98%
26%
/
800
2%
50
Products
*97%
35%
14%
5V4
50
6% non-cum preferred—
—l 00
American International Corp_No par
American Investment Co of III ___1
2
Jan
20
19% Feb
.
13
Jan
12
15%
1
50
common,
90
34%
16%
38
May
163/4
*83
16%
♦37%
com
*5%
*16'/a
35%
14%
10
Co
5%
98
300
16%
90
143%
-
SS
263/4
98
1,900
16 1/2
40
preferred
*26 3 8
2,300
17%
16%
20
Hide & Leather
98%
26%
433/4
17 %
*14%
37% Jan
conv
35
43%
18
14%
42%
6%
16%
-88
35%
130
45%
16%
July
American
16 «/2
35
1,500
14%
♦76
__—
5
*17i%
90
35%
98J/4
2
67
-5
*16 v.
16J/2
45
18%
200
20
103'%
16 %
*7 %
Jan
46
19%
*106
143/4
*65%
7 3/i Ja n
19%
1051/4
16%
No par
53
19%
105 'A
16%
No par
13
-19%
1061/2
*141%
$6
10
19%
1051/2
143'4
$7 2nd preferred A
Feb
2,200
96
16%
$7
Feb
200
39'%
38%
*94
16%
8
50
168%
40'A
*141/,
2%
9
Hawaiian
168'%
168'%
14%
12
American
3,400
*168%
26%
5
2,300
96
90
351/a
V
27
3%
78%
16%
2%
8% Jan
7
97%
*26%
3%
77i%
5V.
773/4 Jan
9% May
.1
973/a
*
16 J/2
*88 J/8
35%
700
4
79
♦14%
40c
Foreign Power com__No par
preferred
No par
preferred
16%
90
35
2,000
•16
No pan-
Inc
1G V.
*38
300
38
104%
4
40
18
700
10%
78
170
*45
1,900
62
38
96
I81/2
19%
10%
*103%
96
45%
37,000
19%
*60'%
38%
40'/4
45%
400
7%
57
104%
96
19%
1,900
43%
61
10%
40 Vb
106
86
7%
62
96
18%
...
38
773/4
169%
83%
*42
7%
5%
16
12
■
*
16
*83
10
l
18%
1,400
40 5 a
19%
46 V2
5%
51%
*46
19%
104'/a
4
37/#
771/4
170
/:
106
*18%
.
*94
106
4 61/2
181/2
10
168%
*40
' "
.
20
19%
471%
18
96
*105
106
*46%
20 >
41
600
5'%
'
5%
58
103/4
38'%
;
27%
43%
*60%
104V4
78%
700
27%
19%
38%
12,900
84
6,200
58
103/4
263/8
88'%
87
*1033/4
v.
4%
77 %
170
40%
38 'A
105
4
41/a
79%
*9-1
97 7 I,
*105
38 J/4
104 J/2
169%
41%
11
90
";
4
73%
/79/Z/
170
/;•
.
169%
No par
preferred series A_100«
Export Lines
4
4
/
38 V.
105%
37%
*105
26%
88
87
20
-"'1,200
89
*43
/62:'/,:.v.
29%
*83
52
7%
19%
611/2
*10>/2
16
7
20
20 J/4,
*60 J/2
37%
5%
58
2,000
29%
35 %
87%
57%
10%
Feb
Oct
58
611/2
Feb
Apr
57
20%
Feb
Jun
563/4
?
7
6 /
/
56
1,400
19%
35
*46
7%
9%
174
35%
44'%
*861/4
V *43
*10%
x65
9Va
441/4
7%
*59%
Feb
55
G'8
44
*20
Feb
Jan
87%
77/a
'
9%
28
28
5%
3,500
92
174
84
*88%
"'50 •'%
11
25 V.
22% July
■■■'•
7
5%
*48
19%
101V.
5% May
88%
...44
73/4
5%
511/2
61
Dec
49
5%.
*48
100
27
*19
26%
35%
3,700
74
*85
9%
8,400
38%
26%
29%
*83
35%
38%
19%
5,600
3
*71
175
2.900
80
2%
92
26%
84
35V4
3%
15
*77
27%
29%
263/8
*83
-
*10%
Dec
Jan
26 Va
84
*59%
7 V»
'
5%
51
43V4
v
74%
37
26%
*83
9%
174%
*19
30,
*193/8
Amer Si
Jan
5%
*46
-
104V2
Tiling
14% Feb
9%
19%
30
36
100
American
16
26 Va
84
35%
37%
com
15
Feb
26%
*86
174
*19%
30
35%
104 %
com
63/fl Jan
July
30
34%
50
83
10
2
63/4
25%
*83
53/4
*53/8
7*46:7;?;-.
No par
Jan
17 Va July
30
9%
173'/4
19%
1
Co
20 Va
9%
174
*19
/V:-
94
28%
Co
Distilling
Dec
*9%
173 %
19%
*86
28%
Co
American
Dec
9%
94
12,800
102%
33/4
74
263/4
23
15
39
*71
27%
2,400
*93
3
38%
38%
74
27
28
___100
12
Jun
*86
174
*183/4
*701%
27%
28
No par
30% Jan
2
9%
174
38%
72
27%
Inc
10
13
94
39
72
27%
100
11
16
38
27%
•'/
34 V.
>
No par
94% Feb
5
38%
800
8%
22%
80
2%
27%
__100
Cyanamid
conv
3
*26%
25
Crystal Sugar
prior preferred
3%%
3
27%
29%
100
American
4%%
3
89
common
193/4 Jan
American
3
*77
89
No par
Radio Corp
Chicle
40 V. Jan
80
50
Colortype
88 % Jan
*77
72
*86
84
34
7%
American
5
60
3
27
-
*77
29 %
7%
3%
80
100
291/4
15%
373/4
25%
253/4
43%
American
10
3%
15%
*70%
94
1
Jan
Jan
3%
15%
89
com
2,300
102%
3%
15 Vb
2%
72
*83
*98
3%
15%
89
preferred
conv
102%
3%
89%
1
1,100
15
46
23%
15%
'
50
48 %
8
3%
89
com
26% Feb
6y4 Feb
3% May
Cham
*98
23 Vb~
89%.
preferred
5%
102%
24
*87%
preferred
&
233/a
7%
15%
■,
26%
30
73/4
100
preferred
Amer
"
38 V.
*86
7%
1,700
15
15
33/4
*77
29%
prel erred
conv
Can
33 V» Feb
Jan
3
*98
29
'.
14%
151/4
80
3
105
*98
•Z
3%,
15 V.
*55%
Cable
I'/v
8
105
*77
Chemical.No par
i.9%
13
15%
9%
common
50 % Jan
-
*33/4
100
conv
7%
106% Jan
47 Va
*98%
19%
American Oar & Fdry com
21
22 V. Jan
110
1053/8 July
24%
Bank Note common—10
American
433/, Jan
115 V.
cum
Co
Bosch Corp
Brake Shoe Co
4%
May
■
24%
173 V.
preferred
11
36
24%
No par
American
37% Feb
94
Petroleum
American
5
104'/a Feb
Nov-
24%
V.
*9%
preferred
48%
29%
15%
No par
Leather
Agricultural
3 Va %
9
10 Va Feb
19
*28%
*18%
preferred
conv
American Airlines
58% Feb
'
cum
convertible
12
Jan
8 V. Jan
29
7%
4%
preferred
—
100
Allis-Chalmers Mfg common__No par
2
106 V. Jan
30
7%
173%
Alpha Portland Cement
Feb
*29
7%
No par
Inc
Jan
Apr
29%
7%
5
89
V.
*28%
7%
24
,_l
39% Jan
Jan
28%
7%
24
No par
Dye
11
Feb
*28%
15
1,300
4%
*43
47%
gtd_100
Inc
&
4%
49
*42
5
Co
13
65 3/4
166
Chemical
Allied
Feb
20V4 May
75 V.
Industries
Allied
33% Feb
107
Dec
36
Allen
5
30
Oct
8
Mar
107%
5
Jan
21% Jan
333/4 Jan
July
51
34 Va May
9
Jan
ISO
99%
Jan
50 3/4
11
11
22
49
15%
47 Va
1
6%
43%
15
*42
143/4
Shares
69%
80
*76%
4%
15%
26%
Ry
4%
47%
*70%
West
5
5
x49%
69%
80
for
the Week
S per share
69%
*42
*37%
&
5%
50 V.
*76%
46
100
conv
5%
50
69%
80
*40
100
prior
5
50%
68%
15
preferred_No par
$2.50
*76%
43%
10
*
68%
80
Feb. 2<>
15
100
Mining
35
5 Va May
7
5
11
Jan
Gold
69
*76 3/,
Sales
Friday
Feb. 19
$ per share
43%
1
Vicksburg Ry
5
*68%
80
50%
Thursday
$ per share
69%
*76 3/4
5
AUeehenv Ludlum Steel Corp_No par
17
68
80
50
No par
common
423/4
24% May
73
19
67
5
Corp__ 10
.
105 Va
;
Jun
46
2
Jan
.
preferred
Allegheny
Nov
202
22 Va
30 V4 May
72
30% Jan
$ per share
41
____No par
Allegheny Corp common.:
5 Va % preferred A—
Apr
123/4
Dec
164
Feb
4 V. 7
$ per share
*7G3%
1
Juneau
21
Feb
31 Va
Feb. 18
10
Corp
102
2
6V4
•
PRICES
Wednesday
2.50
Addressograph-Mu.tigraph
Admiral Corp
'
3%
16 Va
Co
Inc
SALE
Feb. 17
67
No par
Express
Air Reduction
HIGH
Tuesday
Feb. 16
$ per share
No par
com
Co
Adams-Millis
9
26% Jan
10
Dec
Adams
2
27
Jan
Motors
Steel
AND
Monday
Feb. 14
Straus
Si
5%
30 % May
Saturday
Par
90
6
LOW
STOCK
-
,
43 %
25
YORK
EXCHANGE
793/4 Jan
13
Feb
80
July
V«
FOR EVERY LISTED ISSUE
:
STOCKS
Year 1947
Exchange
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
Range for Previous
(853)
New York Stock
«»
DAILY SANBE OF PRICES
Lowest
CHRONICLE
34
34
*33%
34
34
*99 V4
100%
*99 Va
1001/2
47%
47%
471/2
47%
47%
*47
20
21%
20%
21
19%
20'/4
20
*8%
10
*81/2
10
*8
•*79%
*41/4
29
100
9%
4%
*4%
4%
*4%
4%
29»/4
29%
29%
29%
29%
*99'%
*8%
*43%
29
34
100%
48
20'%
9%
4%
29i%
*
v
»47
19%
*8
4%
29
48
1934
700
5,600
9%
4%
29
100
1,900
13
14
COMMERCIAL & FINANCIAL CHRONICLE
THE
(854)
NEW
■■
Range for Previous
tper share
9% May
103
Dec
38 %
Jun
91 %
Dec
14
Sep
$ per
$ per
share
Oct
15%
\
share
$ per
.
share
106
91% Feb
16
55
Jan
41% Feb
10
110
Feb
88
Jan
29
9434 Jan
19
Jan
14
Feb
17%
Feb
12% Feb
Dec
20%
Feb
1334 Feb
13
99
Dec
132%
Feb
Feb
100
Arnold
1538 Jan
17
13%
14% Feb
5
10 % May
Artloom
108
16
Jan
17
Constable
6%
.
1st
Feb
102% Jan 12 k
28% Jan 12
11
Feb
96
34
Sep
26 'I. Jan
66
May
99
Jan
84
Feb
11
9734 Jan
X98
Dec
112
Feb
99 34
Feb
19
101% Jan
Dec
99
Dec-
25
134
•
5
:
4234
.—No par
89%.
*14>/b
"'12%
8934
14%
13
2d
preferred-
-7%
.5
L_—No
preferred.:
5
Atch
12'
par
12 %
89%
96
*1234'
;
>7-89%
12%
•
26%
*26%
87 %
88%
99 %
15
15:'
15 34
46 34
*96
99%
4 6 34
>'
26%
8734
99%
47
preferred—>—100
non-cum
10 34 May
18%
Feb
1434 Feb
11
17
Jan
2
A
4034 May
59
Feb
x45 34 Feb
10
5034 Jan
2
Atlantic
-10
14%
No par
*45 34
Inc
F
:
:
*89'.
'
96
Sales
Friday
Feb, §0: 7'„
.
12%
'13%<
:
•'
•99%
■
>> 27-*-
*13 '
,
98
>•>>- >•*97
460Vk
'>75:
.1.400
3,000
89%
99%
99%
99%
14%
99%
•<»' 14% •: 14%
8834
■<■•"
14%
14%
1434
47
46%
46%
35
36%
•
102%
: 98' /;
,*96
*26%
88%
«
13%
102>
,98%
27%
99 %
'■*■
;;;>!
'
7V;
1334
•
13%
101%
87%
"
»
89
101
goo
/
.2,700 ...rl
;.7.*14%',;. 1434
14%'7
13%
13%
\/y/'i3,6b'0;'.".J
::
44.%> 44%
$9%
90)4
>
89%
13
.•:
i
rf.
101
v.
■»■; 97%
97%
88 •'
,«
Shares
12%
95%'v' 96
-
?45%>:
*1434
*
13%
13 34
"i'*; 12'*:'
.96- v".
.'
7*89
n;
14%
>
,'..13%:
101
^;,"»26,%--26%;:v
:
for
the Week
' $ per share
.
':12%
44%
: 89 %;
*
•
*14 34
7
..
101% >
*100 :
••'>' 97.34
97
196
8734
99%
12%
97 '■:>
.45»••
>13
13
->>13% ••■13%
.100,-101%:
96
»
r
'
"
•
26 34
89%
>>>*14%; •14% ■•:>
13
13%'.;; 14.'.v
'
'7;,; 45
;
.
Feb.19
S per share
$ per share
12%
*96
96;
'
Thursday
•
'
*
>43% ".44%
'*1434 >*.14%
1334
13%
*100
101%
—10
5'/<>
T
"
89%
Topeka & Santa Fe com—100
Associates Investment Co
.
>9134 >92 %
42% ■>43%:
93 34
common___l
100
100
;
>12 %•'
42%
Cbrp__
Corp.
Associated Dry Ooods
4534 Jan 29
12 %
93 %
Feb.18,
;V>7: $ per share > • »
■>-,4i2%Vi2%>-
12
No par
Armstrong Cork Co com
." $3.75
preferred——
>
,V 7;.;, Feb,-17
pcrshd+e
$ per share
Par
com_-__5
$6 conv prior preferred—No par
4934 Jan
Feb. 16
Feb. 14
Illinois
of
Monday
Saturday
7'
Co
&
Armour
8
Jan
130% Jan
LOW! AND HIGH SALE; PRICES '
Tuesday '' '"••
Wednesday
\
EXCHANGE
14% Jan
,11% Feb 11
STOCKS
NEW YORK STOCK
Lowest
Highest
RECORD
"
Range since Jan. 1
Highest
Year 1947
lowest
STOCK
YORK
Monday, February 23, . 1948
*26%
"27%7
iC:i3o>7
• "
f 27
700
-
.
88)4
1,700
15
*99
....
4,700
799%
2,100
87%.
.
s
>•;
> ;
250
-•
S
1434
'
23%
Jun
62
Jan
RR.
Coast Line
34%
25% Jan
Feb
39% Jan
22
28
Atl Q & W I SS Lines common—_1
68
6
Jan
22
33%
preferred—
3034 Feb
20
38% Jan
2
105
Nov
113%
Sep
102
Feb
9
107% Jan
13
91
Dec
105
Aug
91
Feb
9
Jan
6
21% May
26% July
20
Feb
11
22% Jan
2
57
Apr
73
July
55
Feb
13
64
Jan
9
Atlas Powder common
No par
Dec
121
114
Jan
preferred
100
*24
Mar
77
68
Dec
40
97
5%
9
July
111
Jan
22
2234 Mar
27% Jan
23
Feb
20
5% May
13
Dec
12%
Feb
6
Jan
6
18%
Feb
13
Jan
26
13% Feb
1734
Dec
29%
Jan
15% Feb
19
19
1534
Dec
27%
Jan
16% Jan
6
19 34 Jan
7%
Feb
4% Feb
11
5% Jan
29
1
24% Jan
20
conv
Taek Corp
Atlas
Nichols
Austin
7% Jan 29
j.
non-cum
4%
8
4% May
11134
34
33%
*106
———Nopar
No par
Apr
Dec
34%
34%
-
*68
*68
77
30%
31
*101
103
92
92
20
20
56%
34%
*45%
3434
34%
45%
800
373.4
.4534
124
24%
*'•
24
■
1834
1634
1334
,1634/
20
37
-
2.300 >
10
Jan
prior pfd ($1.20)—.No par
Conv
5
*92
20%
i)
*106
'
24
*6%
v
%
>>
110
24
6%
Co
Autocar
1634
17
5c
—
—
Automatic Canteen Co of Amer—5
Feb
49
22
35% Jan
Jan
38
(The) common—3
preferred——No par
1634
17
4%
*3534
*17%-
37
—I
*13%
14%
13
12%
12%
common.—100
10%
11
Mfg Corp
Avco
7
$2.25
10
Babbitt
(B
9
Baldwin
Locomotive
2
Baltimore
conv
7
4%
18
'18
4%
4%
37 V,
13%
'*106,
.*12%
13%.:
16%
:
:
37
1634
1634.
18
"
•>'■.-4%
18
43.4
>
•
■;"3o%:'
V*.'•.* 35.%; 737.7'/
1534
/
18
-•
4%,
35%
/ '37'
*36
ioo
>>>>.1,400
18 34
7
,V
1
*36
13
Dec
16
May
13% Feb
11
13%
Dec
24%
Feb
12% Feb
11
15% Jan
7% May
16%
Feb
1034 Feb
11
13% Jan
.1134 May
9% May
60
Jah
,
•4234
Dec
2534
15%. Feb
10
Feb
11
15% Feb
63% Jan
?
13
5134 Jan
12,000
200
37%
Jan
*2434
2
9
28% July
Jan
Jan
5434
40
Feb
18
44%. Jan
20%
Apr
39%
31
Feb
11
37% Jan
2
20% Feb '11
19% Feb
18
Jun
24% Nov
35%
Dec
62
Dec
17%
Dec
96%
Dec
110%
9% Jan
6
19% Feb
11
1134 Jan
v
:
10%
16% •'17 34':
*1334
*60
4334
13%
6034
4334
60
10
*2234
*40
4*234
———5
32
3234
434%
preferred
Oil
Bath
2
Co.
Works
Iron
Corp.
:—I
—No par
/Bayuk Cigars Inc
9%
*19 34
25
3134
*40
85
Jan
38
Feb
2
Feb
18
Feb
5
834 Jan
2
Feb
11
33
32% Feb
1434 Feb
Jan
5
37
xl7
■
95
Feb
12
Jan
Feb
29
Dec
40
3034
Jun
39% Mar
12% May
10% May
16% May
95
Dec
'12%
107«
1034
1634
13%
14
4334
*42%;
22 >4
21%
42%
40
11
*13)4
io3<::,67/
1234.;
> 10%
£■*.<
61
'32% •: 33
••""•9% •'
9%
90
,
•
Jan
Jan
3%%
8
18% Feb
100
Beatrice
7
9
!
cum
Beck
Co
Shoe
common..
100
pfd
conv
Mills,
Beaunit
9
•
Foods
20
*85
*85
86
17% 1 17%
32
42%
■4334
30
18% Oct
11%
16
Jan
Jan
12
Jan
;
29
5
Corp
Beech Aircraft
,
Creek
Beech
Beech-Nut
RR__—
16% Jan
5
1834
Jan
15% Feb
11
18% Jan
30
Bell
Aircraft
24%
Jan
18 34 Feb
20
24% Jan
2
Bell
&
17 ) 4
9434
•<*92%
94 34
9%
9%
9%
50
Co
34
1
i
common.
31%
*32%
*14%
*15%
14%
16%
10
:—1
Corp
Howell
*30
1
Belding-Heminway
7>
*19%
21
'•
*30
'
•
32'"
•
14%
•
*16%;
..
9%
-
17%
934
17.
Feb
94
6
,
9434 Feb
!.
3
4%%
—.—'—100
preferred
*93
94 34
'
-
*93
■OUi/t
-
t.
*99
94%
:
14% '
17%
19 %
"
t
1,400
700
••''
;
,
"<•
1,000
v';
9%
32
*31
1434
••
^
800
buo
>
1734
*93
94%
>
300
,
'.
;
1,200
19%
18%
r
"•
14)4
*17"
>
P4%
1.500
.*32.;; 32347 :»>
20)4
94%
'»
94%
9%,
>;'•■
17%
*
*92%
32
33
14%
17 v
2034
17
*,17
9%.
32%
14)4
•
*19)4
,,
£0
;
.
'
*31
32
33
35
*85. ..v'v 86
94)4
934
33
' ■
(r
86
'
106% Aug
•
9%
*85
*92%
1474
2034
9%
;4*33<V:V
:.
1,500 >
.1,100
v'
:
i"2o.y;4«V2o
2034 V.
*17
*30%"
■
-
'
>33%: >33 3^7"
17%
-s
n) 4
.14%
*«•»
22
* 41
33344:33%'
3334
>20%
500.;
•,180'r l;y
•
yl.
*39
»
4,300
>
42% ' 42 '/a-' > :
;,2?
41
9%
•:
v
•
61;;; !v. >>••
86
*92)4
,17
»'0)4
'• i
•
>
9414
xl7
33%"
1434
16% 7
,13%
6i
33%
> *85
,
'32
*33 *!
" ;■ 21,
<
20%
9%
*30
•
14%
16%
■*20
:
33)4':>■
.
3334
2034
94 %
•
16%
13%
»'••■
33)4
9%
»>S2%;
■•
t17)4>V>
17)4'
*92%
> 9%
934
93a
86
*85
1734
*9234
.10
—
Packing. Co
•
86
•
33
33%
•
>14,200 ft
v
20%
32%'
>
*39
8,100
-
10%
1634
42%
22)4
*21)4
■
40
7
327/»
3334
.
2034
<
7
1
pfd
4%%
.
934. '-9%
20 :. ;
%
100
.2.50
Inc
S)
(A
32
;' 33 7.
.
/
9%
20
r
31% >
7
,
•.:•
.*40
.
■
1234
••
"
13
*60%
,81
22
■':*
.
13%
>'S60-,"
<;
,
101
16)4* *16%<7'
13%
•V,?>43%
'22%
*13)4
....
16%
*59
4234
■
5% May
13%
10%
6034
;
2234-
22
,
13%
60%
7
42% > 43%
23%
50
> *1334
6034
,.
*13%
1634
-•■.'16)4
13%
13%
14%
11%
11
16%
14
13%
%:;-*13V4
1134
16%
non-cum
Barnsdall
R
23% Jan
.
Feb 13
31
Jan
2034 Aug
10834
14 ,:• >
13347
'
13
■
'
8334
'
1334
v-••
'
Dec
Dec
8%
Works..
Barker Brothers common
5
May
Inc
Ohio
—
9
Dec
18
-
l'/c
5
45%
'
T)
8c
^;i
yl 4'
preferred—
100
Bangor & Aroostook common—50
Conv.
5%'
preferred
100
Barber Asphalt Corp (Delaware).lO
10
60
.Feb
5534
20% Jan
42 % Feb
Feb
11
13% Feb
Feb
1634
69
■
„
1,100
4%,'
B
14% Jan
.
>
16
■
7.7..
s
.
380.-
6%v
.18
4%..
7
434
;
■•;
13
1,6
18%
4%
,
23
"
.
:.■';* 12%
16%
18
4%
*6
:.
,
3,400
.
110 J
?:
23
6%
13%
*12:%
•
•20%
57%; / 57 )4
..'
24
*6
<
>,
520
92%
5.
20
•'
i.%
>.
270
103
102
94
20
;
34
110
*24
; 6%
*12%
1634
J 5,100
-30%
30%
103
94
•
-
76
*70)4
■
30%
10234
20
*106
•
2434
:
76
,'•;•'<%
93%
i) <
110,
-'*24, <
6%
*6
92%
V4 i*
*106
•:
>;
*12%.
6%
*1234
no- V
*1.06:
110
>'
31%
103
"
20%
34
v.
..
*68
■
103
•
9234
*20
'
58
77
x30%
103
91%
.2034
57%
*68
31%
%
102%
9i%:
*20
::
Ml
103
91%
77
*68
.
3.1%.-
3034
*102
56%
*634
common..,
77 :
'
3634
46%
'
Jan
100
Atlantic Refining common
.25
4% conv preferred series A—100
/ Preferred $3.75 series B
100
Atlas Corp
—t
—5
3134
46%
1
1
.•'"»
' ' '>*
»•''>>
"
39%
Feb
Jan
8
Bendix
Sep
25%
Nov
16% Feb
11
21% Jan
2
Bendix Home
28%
Jan
> 23%
Jan
20
103%
Feb
80
Jan
6
24% Jan ,'5
84% Jan 19
28
17%
Feb
Aviation
May
2134 May
26
11
31
Beneficial
26%
5
26%
26%
173a
17%
17%-
23 34
com—No par
23 34
23%
Dec
23% Feb
14
-9
23%
23%
23%
Feb
17
32 % Feb
19
Best
1
2534
25%
25%
11
35
30
BethlehemSteel (Del) newcom No par
31%
*12734
31%
31%
129
5834
59
'
24%
Dec
35 %
Jan
19%
Apr
32%
Oct
25
128
2634 Jan
Jan
Dec
150
Jan
Feb
16
137% Jan
4634 May
66
Feb
5334 Jan
23
6234 Jan
8
1834
Jan
Feb
13
14% Jan
14
133%
113%
Dec
■> 13%
Foods
7%
9
1
Year 1947
$ per share
25
May
12% May
18% May
14
Lowest
Jan
28
Feb
x20%
Feb
xl3
35%
Nov
18%
36
86
v
V
|
128
7
9
Blaw-Knox
5
Bliss
15
Feb
34
2932
59
5
32%"^7
>
2634
1734
17%
17%
23%
2334
23%
>
*83%
2634
2634
11
1734 Jan
10
37
Jan
.7
10
26% Jan
17
Boeing Airplane
30% Feb
13
33 % Jan
30
Bohn
Dec
116
Jan
86
Feb
17
96
•Jan
12
45%
Dec
67
Jan
42
Feb
5
51
Jan
19
May
35%
Feb
20% Feb
16
26
% Jan
5
38% May
49%
Jan
38% Feb
20
41% Jan
17
4234 Feb
11
5434 Jan
5
•
*2V
86
6'6
37% May88 32
Dec
33s May
55
Oct
102
Sep
6%
Bon
Ami
2434
24%
25%
2534
,2534;
>32)4
3134
%
24%
*60%
*34
5
313
Borg-Warner
3%% cum
Boston
8c Maine
Feb
3434 Jan
21
36% Feb
6
Bower
Roller
13%
Feb
96
Jan
Dec
18%
Feb
May
734 Jan
8
Feb
16
67
834 Jan 30
71
40%
Feb
2834 Feb
10
11% Feb
9% Jan 13
7
Feb
2
33 34 Jan
9
29% Jan
2
37
Jan
6
96% Jan
11
30
2334 May
31%
Feb
25% Feb
11
30%
Nov
63
Jan
29% Feb
13
90
Deb
Apr
93% Feb
5
1538
Dec
28%
Feb
1634 Feb
20
18% Jan
25%
Jun
3634
Jan
27 % Feb
16
32
Jan
14
95
Dec
10634
Apr
90% Feb
13
94
Feb
61
13%
2034
Dec
27%
Feb
1734 Feb
16
21% Jan
13% May
20%
Nov
16% Feb
11
19% Jan
120
Jan
9
May
14%
Feb
69
Dec
86%
25 34 May
80
Dec
125
Dec
<
/,:•
*129'/a
32'
7 87 :-".'
21%
21%
20%
21%
39%
39%
3934
*26%
Friday
Feb. 19
share
*29%
29%
5
*4534
46
*46
*88
88%
*88
■
* 34 34
7%
71
10%
2834
13%
13%
1334
13%
13)4
25
25
24
24%
15 %
*15%
'
1534
*15%.
35
*34 '
35
22%
22%
22%
32%,-
3134
32
32
32)4
31 Va
3134
Jan
14
37%
Nov
X32 % Feb
13
36% Jan
2
Buffalo
102%
Apr
Jan
6
4
Buff
16% Feb
14
May
22%
Feb
16% Feb
11
104%
Feb
84
18
4
14
Dec
May
84
Jun
12% May
1734
74
2934 Feb
80
18
100
95%
■t
88
Burlington Mills Corp common—1
.4 % preferred.^
.100
83
Oct
Jan
12% Feb
7% Feb
81
Jan
Jan
Jan
13
6
14% Jan
11
!
2
10% Jan
13
27
15
86
Jan
30
11
Dec
24%
79
Dec
108%
Jan
81
Jan
2
Jan
9
3
Dec
6
Feb
3
Jan
20
3% Jan
7
13% May
9434 May
19
May
22%
104
27%
Feb
10% Feb
,
11
12% Jan
.
.
89
5
Feb
13
.20% Jan
9
Jan
98% Jan
15
104
Feb
3
Oct
23% Feb
11
28
Jan
2
Oct
.7
16%
Bush
Terminal
•
4x/*%
Copper & Zinc
1
5
Byers Co (A M) common..:No par
7%
Byren
participating preferred
100
Jackson Co—.
No par
•
*84% > 85 V
84 -•/
*80)4
12%
-12%
8%
*84
.
*3
>.
13
*84
"v
"
17%
101
2434
?
9%
•
30
30
30
2634
*(
7%
734
*52 >
69
2,600
3534
934!
10
734
2,600 >
65
100
9%
2'H«
;
95
*93)4
2i%
27)4.
2734
31
34
31 %
30%
31
*93)4
Apr
Dec
134
Dec
6 % May
21% May
12% May
110
Dec
38
Dec
18
Dec
9% May
3334 Nov
34 Ys
x55
3%
8%
Dec
28
Feb
Jan
52
Ja n
5
134 Feb
5
Feb
Feb
6% Feb
13
11
34%
Oct
17%
Feb
1334 Jan
16
Feb
108 34 Jan
13
Feb
38% Feb
11
132
4834
t2434 Feb 11
33% Jan
53
Jan
2% Jan
7% Jan
2
17
2
2
California Packing common—No par
5% preferred
50
Callahan Zinc-Lead
1
Calumet 8s Hecla Cons Copper
30% Jan
5
Campbell W & C F.dy
15
Feb
9
Can
Jan
2
39% Jan
16
115%
Dry Ginger Ale
$4.25
Canada
conv
preferred.:
Southern
Feb
16% Feb
11
187/s Jan
6
Canadian Breweries
15)4
Feb
1034 Feb
20
12% Jan
2
Canadian
44% Jan
47%
Dec
39
Feb
13
11
Apr
1434
Feb
11
Feb
13
May
57%
Feb
51% Feb 20
For footnotes see page 24
No par
1.66%
No par '
Ry Co.
25%
50
com
Pacific
Ltd
100
95
29 : :
-
3,000
•> >1.300'
•'
l.coo
16%
16%
1634
16%
16%
16)4
27 %>
27%
27'/a
27%
27%
*27)4
28
*90
92
17%
25
3
30
92
*90
*90
16%
18%
18)4
18%
18%
18%
18)4
17%
1734
17%
17%
17)4
1,900
18%
17)4
17%
•124
123
<
*123
123
124
>123
900
3,700
30:
124
8 >
8)4
8-%
834
8%
69%
68)4
69%
6834
69
69
69
*32)4
33
3234.
3234
*85%
87
87'/a
87%
*32%
>
87
16%
30%
18%-
834
;
•
85
163a
30
30 Va
18%
1834
*83 Va
85
<
163a
16%
30 ) 4
'
30)4"
18%
85
'33
87
•:•
1634
•
'
*82%
.<•'■
v
80%
82
18%
•
*83%
85
'
28,400
'
!
420 "
-
; 200.
-
200. ■
16 %
'
30%
1634
*30
8%:
>
1734
85
81
*78
83
82
*80
1,100
1,500
'
10,300
85
81
•"
r
17%
*80
82
•'
•
12)4
1234
8%
8%
82%
1234
8%
82%
82%
11%
11%
...
334
11%
>
-
3V»
17%
26%
>
90
11
11
-
v
83%
3
17 V'V
17%
:'100%
26
200
>
13
4,500
25)4'
11)4 " v
84
>;
3
;•>
1734
102
;
»•••>>
-
60i j!
1,200
1,900. i1,300
> " ',60 "I
3,400
'
6%
6%
25 %
1434
*26%
.No par
Cannon
*39%
115
,
39%
14
114
11%
Capital Admin class A common
53%
*52)4
1%
1)4
1%
134
1%
7
634
6%
63/4
634"
7
11%
6
.—;
7
1
25
Ry
6
Mills
1)4
*16%
2
preferred A
134
134
14%
*38%.
29
52%
52%
134
6%
25%
*11234
29
38)4
7
-'■■■
38%
11%
3934
40%
*11
1134
*11
54%
54
14 Ve
14 V»
11%
*52
26
27
1734
1
•
>
115
*16%
10
29
29
*28%
29
54
*5234
54
1,700
'
52%
1)4
-
113
*3834
*17
11)4
40%
'■
6%
26%
26%
14%
14%
26%
14%
26%
14)4
27
26
14
14%
80
'
3,200
3,400
26%
1,100
14%
5,200
114
*113%
115
*113%
114
*38%
40
*38%
40
*38%
40
17%
*
17%
17
17%
*1634
17%
400
11%
xll
11%
10%
11%
1034
10%
16,900
40
40 %
*3934
40%
*3934
113
40
40%
114
-
17 Ve
1134
*11
11%
*11%
11%
11%
*52
5334
*52
53)4
52
52
120
10
.
40%
1,000
*11%
11%
54
i
180
•
>;
25 34 '
>.'1)4
29%
53)4
No par
1234 Jan
$3
134
.29
29
*52%
'»!
900
>>:
83)4
"
100)4
2534
>.".>•'
8%
*
3'/b
"• 3
17
'</
*8
83%
84
>
100 %
101%
26 %
',.
17%
*100%
2534 .26%
11
*83%
84
83%
-
100 V; 100." >
'v
.
*8)4
82)4
85;
.3%>
17% -:'17%
•17%
12%
8%
11%
'3%
82
12.34
13% 4
.85
V
80)4
*80
>84%
;
-25)4
2834
2834
54
>'
300
92
92
12%
85
3
100". ICO
40
1734
55
Feb
5
28%
*5234
1
95
* 93 Vh
;
.
.
.
51%
%
1,900 •
29
30
•
■
2434
.
600
3%
29%
•>
31
31
95
*80.,
-
*
*16%
•>
>
*34%
36
734
*5>
-
10
10
> *79% ,82
a
11% >11%
1134
*100
2434
6
45%
89
:
3)4
5,300 %
'
'
8)4
8)4
3 34
♦34%
7%
> 734
45'/a
*88
3%
I
Yj
.
82
*82% •84%
S5
3534
*5h-,j
10)4
13%
*80
1134
100
preferred
Butte
*34.%
31
30
82%
83
3534
734
.1834
-
83
83
46 Va
89 %
'67 %
734
87
16%
12%
Bush Term Bldg 7% preferred_r100
Butler
Bros
common
L.15
45%
*P8
3%
33
30
17% .18%
*834
1
46
89%
334
*84)4
*80
conv 2nd preferred—100
preferred
—100
Burroughs Adding Machine.-No par
46
*88
*334
*32%
*74
3%%
3%%
38%
,>-69%
87
16%
17%
17%
*84%. 85 -v.:
38%
3)4
I
190
'
'
'
6934"
: 29%
5
39
834
33% '33%
29%
2134 Jan
38)4
*123
.
•'/
333/2
87
16%
393s
18%
/
9
68%
29%
38) a
89%'
i
160 •:
5.800
88%
17%
68
*84
16%
40%
*90
19
8%
—5
pfd__ICO
;
86 34 Jan ~ 9
Dec
3.60%
Inc
Co
21%
16%
*123 V 124
8%
2134
> *27%
-
>17%
17%
*1634
No par
Niag El Corp
Co
5
*90
124
21%
*93
95
*84
Watch
10
16%
*32
Bullard
18
10
68
1
Co
Forge
834
par
Bulova
Jan
88
No
preferred
*123
No par
7
81% Feb
Jun
common
6
80% Feb
May
$5
Co
Jan
Jan
6
(The)
3534 J an
Mar
72
Budd
21%
26%
:
"•
1734
13
Feb
92
17%
Feb
Feb
27%
5
100
2134
30%
'
va
No par
21%-,
43%
2134
;
> 43 %"i
'
1634
Bueyrus-Erie Co. common
7%
preferred
5
26-
27
Brunswick-Balke-Collender
19
.;
30 34
16)4
5
'
>> 29%
17
5
<
44
29%
25%
27%
88
*43%
.-10)4:,
95
92
common
>
44%
88
<1
2,900
>
07%
*58%
)>■ 9%
30%
*93 '
91%
123% Jan
23%
,10)4
e87 >.
:•
44%
•
^
50
8,000 V
87%
> *34%.
1
•>. '
22%
43%>
46 34
1,500
,:
400.
■-
22
87%
3%
67
28 34i
30
*2734
110% Jan
38%
'
"
23%
•
2,400 :'!
;
15 3 4
*34
15%
35
*34
33%
Y
.200 '
13)4
2434
*88-
734
7%
30%
*2934
30%
for
Shares
share
*24'/»
•46
'
3)4
3534
*34%
V 67
25% "
No par
6
May
No par
.
preferred
$3.60
20
14% May
2834
2534
29%
*93
*1634
15
Feb
Feb
10
100
Brooklyn Union Gas.
Feb
88
*67
2.50
Bristol-Myers Co common
3%% preferred
8
83
Co
v
46%
-
the Week
$ per
21%
V
8934
3%
35%
7%
12234 Jan
-
100
(assented)_100
Sales
Feb. 20
Thursday
S per
43 %
40
common
Inc
700 if
900%
3934
43)4'.
5
Co
:>
14
>•86
87
43%;
88 %
Airways Inc
2.50
Brewing Corp of America—
15
Bridgeport Brass Co
No par
Brlggs Manufacturing
No par
Briggs & Stratton
No par
Shoe
132
PRICES
32%.
31%
43
Braniff
Brown
>3,300 "!
>
25,200
,>.;'•' 400 i
13 3 4
$ per share
16
31%
3%
x68
26
80
9
.
61
14
Feb. 18
35
1
Bearing
317a
61
22%
:
43
preferred
RR
2534
25
*34 »:■;
23%
*3%
5
109%
•
Corp
'
24%
31 )a
132
Wednesday
29%
*15)4
-,->•
22%
*87
(The)
5
Dec
30
Co
2
Dec
932
Borden
Feb
May
/
'
1334
15%
•34
SALE
HIGH
34
•;i5%
No par
;
4% Jan
7
i;3oo
86
25
>;
25
22 34
a
29%
•
13)4
13%
25
35
•
*22
5
A
Bond Stores Inc
2
81
f
25)4
32%: >
14
$ per share
15
class
16
•91
1
1,300
*128%
.
61
* 13 V4
' ;V
>;,:•>•> Feb. 17
No par
Co
Jan
88
f
6,000
3,800
60)4
*130%: 1«9
130% >;
60)4
Tuesday
30 34
*28%
1 3 34
24
1534
No par
B
3 % Feb
32
39%
Class
Feb
-
>
•
2334
> *83
*23%
.
31%
•
>13)4
Monday
29
13 34
24
*15 34
Brass..
&
v
7
$ per share
1
2.50
Co—
Aluminum
3234 •
24
25%
>60%
13%;
'
25
?;
17%
2338
'
89
27
17)4
v
25%
2434 V
130
60%
Feb. 16
No par
W) Co
Bliss & Laughlin Inc
Bloomingdale Brothers
Feb
*83
3134
'
128% .>>7
-
60%
t per share
No par
Co
(E
21% Feb
Feb
.
'
;
23%
'
'
25%
Feb. 14
Black 8c Decker Mfg Co
Jan
15% Jan
29% Jan
•
25
23%
.
*1334
Saturday
Par
11
86
*83
.
LOW AND
>
-
11
Dec
Nov
7
Feb
41% July
24% Oct
May
31
11
/
23% Feb
14% May
28 34 May
$ per share
'23% :v
:
-'
YORK STOCK
EXCHANGE
Highest
$ per share
share
26%
17%
2334
2634
17%
23%
:
"
>>'
f
13%
13%
-
NEW
Range since Jan. 1
Highest
$ per
-
*83
86
STOCKS
Range for Previous
Lowest
A
No par
Co
1
•
No par
Carpet
Electric
'Birmingham
?83
—.100
preferred
Bigelow-Sanford
t
.
-
-
Cum pfd $3.25 ser of 1946.No par
Best & Co
—1
30% Feb
77%
1734
23% '-:"
V
26%
26)4
27.%
17
Appliances—3334c
Indus- Loan
11%
100
51%
51%
130
'
1
■
r
X*
Volume
167
^
Number 4675
nptiii*
COMMERCIAL
'/H'
HjUcUv^
.<77*
-
r»r\iv/f .\/n?DPT a t
THE
&
FINANCIAL
CHRONICLE
(855)
15
T
NEW YORK STOCK RECORD
/
Range for Previous
'
Year 1947
Lowest
Range since Jan. 1
7Lowest
Highest
-.-J
Highest
$ per share
7'
■7:,7".
•
$ per share
$ per share
NEW
7
'.■'•....7;7:;77'
■''
$ per share
••'''
102
Nov
27
-
.
38 '
128
12 Vb May
1
7 35% May
8 '
33
Oct
45
7%
29 Va May
47
Dec
"•
'
64
109% Jan
18
6
Carolina
Clinch
2
31 Vb Jan
10
Carolina
14
T 41% Jan
12
«Carpenter
13
17% Jan
'5
Carrier
39
43 % Jan
3
Co'nv
7% Feb
2
467/a Jan
9
Jan
26
6% Feb
11
36% Feb
Jan
11
130
Feb
Feb
53% Feb
■/
5
61
20
Jan
28%
Dec
22
Feb
Dec
108%
Jan
97
Feb
10
102
Jan
Dec
156
Apr
123
Feb
11
137
Jan
•"
19% May
19%
32%
Feb
22% Feb
11
21%
Dec
Feb
19
28 % Jan
,
20
Feb
xl7%
Dec
22%
14%
7%
1
Dec
Dec
•
77%
9%
22%
'
1
Dec
►
Dec
i
Apr.
12%
Jan
16%
Oct
79
V
•7% Jan
14%
V
Feb
22% Feb
Jan
10
3Q
Oct
13% Feb
24% Feb
.;27
20%
Feb
';30%. Oct
'•54%
Jan
40% Feb
102% July
7% Feb
'
5% May
84% Jan
i 4
12% Jan
•
May/ 7
12%
2%
6% May!-.
13%
-
Jan
7 % Jail
14% Feb
.■38%
NOV
27%
Feb
11!7
9%,Jan
;
20% Jan
7-51% May
;•
20
Feb
15
Feb
Feb
35
Feb) II '.-;
'34%
'33% Nov
-53%
Dec
28 % Feb
11 7:
50Va Feb
16
25% Feb
•
13
.56
10%
•
Dec
15%
15%
<
.
Jan
4vb
v
Nov
7% Mar
Dec
42% Mar
32
21
<56% Sep
Dec
111
21% May
.
; Nov
'28
-
8
.-"■'-...i
94
85 T
•34%
107
■-■■■■
"»
■
42%
•,....*14%
(32
>
4
25% Jan-
20 1
96
10 "
•
29% JPeb
8
Mar
.
78
Feb
Jan
Feb
29
95
43%
Nov
115%
Jun
Jan
•
'
32
Jan
7 7
10
Jan
2
80'
6
Jan
31
33 V* Jan
Jun
101
29
10
85
34% Feb ,10
Feb
105% Jan
11
107
Jan
B
iliio
Feb
42% Jan
31
4%
5 %
2
9
14
Feb
24%
Feb
44% Feb
io
15% Jan
'
7 Dec
48% Mar
140 ; * Dec
154
Dec
35% Jan
26
10% Jan
32
Feb
20
36% Jan
10
142% Jan
91% Jan
9
$ per share
141
.*■
May
x61%
$ per share
65
1155
56
153
Feb
11
62% Jan
Jan
87
D6c
23%
%
J an
15
183.
Jan
2
Coca-Cola
stocks
37% Feb
105% July
11
88 Va Feb
45% Jan
94"
Jan
9
46
Feb
20 V4 Feb
20
25
22%
Oct
16
Feb
11
19'A Jan
Colonial
18
Oct
12% Feb
11
15% Jan
Feb
16
Feb
11
18
Jan
17%" Feb
11
Feb
11
15%
Jan
•
20%
"
17%
16%
:
Feb
12% Feb
13
Feb
12
Feb
5 %i
cum
Colorado
non-cum
1st
11
16V4 Jan
4%
non-rum
2nd
Dec
32%
Jan
22% Feb
20
25 Vb Jan
12
32%
Jan
22 Va
11,
24% Jan
21
IOV4 Feb
13
11% Jan
2
Columbia
Gas
Feb
17
7
Columbia
Carbon
10. 7 Fp.d
11
12% Jan
Columbia
Pictures
64
19
66% Jan
$4.25
,10
Apr
30% May
11%
63
;
12% Oct
39% Aug.
.
Dec
22%
Dec
36 '•>
86
Dec
Feb
30
<
Mar
Feb
35 Va Jan
-
50
Feb
35. va Feb
5
May
48%
Oct
36% Jan
23
87
Dec
115%
Feb,
90
> Jan
2
20
Feb
13
24 v» Jan
2'a Feb
10
2% Jan
20% May
2% May
94
25%
26% July
95•
Jan
4
Nov
Jan
123%
Dec
Jan
96% Jan
2
Jan,,
x28% Jan
33%
25% Feb
14
8% May
14%
Jan
8% Feb
11
11'
33%
Nov
28% Feb
10
31v4 Jan
Feb
30
30
Apr
4%
35%
May!
7
Nov
104%
29%
Nov
Feb
20%
Feb
15%
21
40 %
54%
17
30
19%
May
May
12% May
10% July
30
,
99%
Dec
94%
<
12% Feb
12
10
17Va Jan v6
11
Jan
Jan
43% Jan
24
51
Jan-: 2
Jan
12
Feb
10
25 Va Jan
Feb
12
Feb
20
Feb
20
15'a Jan
16
35y* Jan
16
100% Jan-,2*
11
42 Va Jan
94 v» Feb
10
98
Jan
14
11v» Feb
18
13 Va Jan
17
90
14
85
Feb
11
Feb
30% Feb
5
Dec
May
May
May
12
35% Feb
Apr
.
1 Jan
105
Feb
44%
43
15
12
32% Feb .13
104% July
20% Feb
110% July
13% Feb
55%
>
Dec
12%
Feb
55%
v
35
:
19
Feb
106%
Apr
14i;Jan
2
Feb
Dec
12%
$5
13
Dec
Apr
14% May
Feb
11
30%
6% May
•
Feb
xlO
94
9
105
:--7;
*75
s,
Dec
<
Jan
5
33% Jan. 15
7
10
2
Continental
6% Feb
20
5
Continental Motors
Continental Oil of
11
54% Jan
2
13
17
Jan
10
22
24% Jan
5
55
Dec
50% Feb
5
53
6
Jan
12%
Jun
17%
Oct
13
Feb
11
44
17 Va Jan
13
Dec
55
Feb
44
Feb
13
47
Jan
14
20%
Feb
10 ja Feb
11
13'a Jan
2
61
Jan
50
13
54'a Jan
2
12% May
51% Dec
For footnotes
see paee 24
Feb
Continental
35%
35%
8
•
29%,
190
*
4
85
35%
*108
30%
31
30 %v
30 %'
8%
32%
8%
32%
*137
84%
and
sale
'
,
16(1
*
*1200
165
62 %
-
164%
63'a
*1200
39%
895a
35%'"
85
*82
85
35%
62%
30 vi
63
*137
84%
164
*62%
*1200
*88
84
164
Sales
160
'63
*1200
*160
63
*1200
__
40%
39%
40%
89%
89%
89%
89%
88%
21
20 34
21
20 %
20 Va
17%
177/a
17%
17%
17%
/
89%
20%
17%
150
*88%
20%
2,800
89 34
120
13%
20
1,600
17%
*17
13%
40
1,200
135/'b
4,700
16%?
*16%
16%
16%
16%
*16%
16%
1,200
*11 %
12
*11
12%
*HVa
12%
*10%
12
12%
*12%
13%
13%
13%
*12%
13%
*11%,
12%
*11%
12%
22%
22%
r-
*22%
23%
•/'.
16
.
12%
V*
16%
13
*11%
12%
12
12
12%
24%
24
24%:
24
24%
x24
23
23
23
23%
23%
13
*11%
,*23%7
*23%
*22%
13%
13%
40 "it
12
16%
13
13%
900
62%
'1200
40 %
13%
for
Shares
162-%
62%
17%
*12
:
No par
$ per share
160 Va
*62%
"
41
13%
600
the Week
40%
13%
90
84%
Friday
89%
13%'
1,000
3,400
Feb. 20
21
*11
8%
32'a
140
Feb.19
17%
13%
a
Thursday
20%
16 va
1,600
8%
32
$ per share
.
17
13 %
"l6
7,300
30
30
15
prices
$ per share
v/
20
/
75
8%
Feb.18
165'a
20"!
700
108'a
45%
14%
32%
138
*83%
6,600
28
*73%
40%
39 Va
35%
*43%
15 Va
21 Va
16%
_2.50
*105%
*8%
84%
200
,
103 Va
27%
17
!
*108
28
20%
20
35%
108%
138
1,400
30
32%
:
32%
1,100
190
30
Wednesday
$ per share
62 %
.;
30
*160
15
140
*83%
high
Tuesday
S per share
157%
30
*43%,'. 45%
8%
32%
*137
Feb. 17
62%
45%
8%
32%
140
*83%
Monday
A/
,v
168/a
190
1 go
'
84%
8
80
16%
'
Feb. 16
*155%
*76
75'
8%
*83%
84%
*73a
\->
*73%
'•■
31
140
8
16%
107%
15 VB
32%
1,100
107%
15
140
7,200
29%
*106%
*73%
309
39%
29%
■108 %
*43%
5,300
'
38 V*
108 %
75
30
:
80
v
*108
15 Va
1,000
31,400
96
27%
45%
100
•
•
'22
27%
*43%
200
v?
23%
*91%
*27%
v.. *73%
;.s
■
54%
*21 la
40
*82
yt
109
11,800
29%
v" *29%
29%
'•
23 Va
i
32
22
8
*76
3%
96
16%
15
8%
12
*11%
12%
/24>vz
23
23 Va
24
24
23%
~70
10
2,300
900
10%
10%
10 V*
10%
10%
10%
10%
10%
lOVa
10%
10%
10%
30%
32,200
30%
30%
30%
30
30%
30%
30%
30%
30%
30
30%
2,900
*10v4
10%
10%
10%
10%
10%
10%
10
10 VA
10
10%
,
'*64
y
coin
65
*64
36
36
36
39
39%
V 39 /-
..':■
'via?/,
65
*64
64
64
*63
36%
36
363/a
35%
36
5,100
39 3a
39%
39%
39
39%
38%
39%
1,900
93
95
94
94%
*92%
93%
93
20 va
20%
21%
203a
21%
20%
2%
2%
2%
2%
2%
2'a
97%
97%
97%
97 34
*97%
25%
26
26
26%
26 Va
9%
9
98 v.
26 v2
/' 9
25%
9
30 Va
*30
30%
30%
.,*30
30 3a
PX'V
9
'*29%
30 v?
*30
;
:
No par
30%
*4%
4% 1
'
21v*
21 va
104
104
l
4%
21%
4%
43A
21%
104
12%
12%
29%
**30
21%
98
9'
30%
*30
4%
4%
22
104
104%
13%
91
94
90 Va
.91%
20,/a
2034
20%
20%
5,600
2 'a
2%
2%
2%
50,400
98 Va
26'A
98%
99
26 Va
26%
/ 9
/
30V4
30
30%
$3 prior preferred
;
20%
20 VB
20%
;
20%
103%
j'
12 Va
12%
12%
103va
35%
35%
94 V*
94 va
33Va
103%
103%
36
88
90
31%
31%
88
12%
33% .A-;
103%
33
103%
36%
103 Va
94%
12
/
10
7
12%
12%
*92%
12
..
*12%
35%
94%
12
*85
12%
12%
*33
36
*92%
*11% •11%
12%
12%
127/a
*33
*91 Va
12
*85
35%
-
90
11%
*85
31%
32%
32%
32%
94%
*92%
94 Va
*94
10%
10%
*10
51%
51
51%
51 Va
51 VB
51
6%
•
——14
7
•
47%
15
com__No par
,__No par
„50
Cornell Dubilier Electric
Corp
1
Corn Exchange Bank <fe
Tr Co—120
51%
15
7
47%
15%
7
•
-
103
11%
90
"v 103'a
460
35%
V
94%;
>
35%
*91%
94 Vt
30
11%
1,700
ll3/a
*86
3,000
90
x32
94%
10%
10%
49
100
32%
*92%
50
*10VB
94
10%
50%
67/8
63/4
9,300
100
600
2,500
67/a
485/a
49%
15%
15%
15%
21
213/B
2i%
21
21
51
*50%
51
50 Va
50%
21V4
21
"
13'a
13%
13%
13 Va
13 Va
13'/a
45 %
44 va
44%
*44%
45%
44 Va
44%
11
11%
11 %
11%
*10%
50%
50%
50%
<■
13%
■;
11%
36
49 Vt
51
11
103 Va
6%
51
51
-
;
7
51
50%
400
50
155/e
*50%
*10%
33%
32% ',,32%
«
,
49
15%
*"
21
*44
33%
48%
6%
48%
15-%
20 Va
13 va
33%
*15%
7%
49%
15 %
21%
*
*19%
•
*32%
94
33
49
49%
*15%
1
900
4,300
'
7
47%
<
'"•V
12 Va
12 Va
*85
51%
:
2,400
12.
v.
10%
32%
20%
12
35%
94%
10%
20%
12%
*91.%
11%
10 Va
21
1,800
103'A
>'
90
*92 Va
.10
45%
s
12%
•36
Va
22
123a
103%
.94'A
-
;
12'A
V
>33
10%
5
5,200
20%
94
Copperweld Steel Co common__
Convertible pref 5% seriei
700
45
45
—l—l^'l
'Cooper-Bessemer Corp
10
P'
*10%
Delaware^_-_z"l5
Corp
10
•;.""::44%
46%
*92%
—10
2,300
13%
<10%
5
Insurance—^
104%
10,%
12%
300
13%
45%
12%
1,400
—.
104%
10%
33
30
30
104%
46%
.
30
13% -13%
104%
13%
46
*31%
*29%
434
1,500
16,600
*10
V 12%
1,300
v
21%
46
>12%
10,600
9
21%
105
V
26
1,800
*10
20 Va
100
4%
lova
*20
99%
25%
4%
46 Va
10%
: 46%
20%
20%
490
*8%
/
30%.
'*45%
Nopar
.-
t
4%
21%
13%
-v.
30 Va
*30
43a
;
9
8%
/?
22
[
20
2%
104%
13%
;
65
21%
-"
*10 "
i
com—_LNopar
■
%
21%
104 3a
13
12%
1,600
65
36»/a
2%
//
/
36
20%
*94'a
Corp.—1.33%
•
*64
39 %
•*38%
______n0 par
,
65
36
*35%
Co_^^___.25
Diamond Fibre
Steel
V/'
16%
35%
108%
8VB
80 'HI-
14 3a
53%
23%
:
29%
14%
*30V*
32%
'*88
23%
.*91%
44-
m
140
39%
55 >A
44
30%
par
Nopar
x54%
26,500
UV4
3%
*30%
27%
.
100
v..
•
27'a
14%
•
*106%
*73% ;-75
-
15
2,900
2,600
3,900
48 va
11V4
•.
27%
108 %-
50
"
' 47%
i
3%-.
-■
32
14%
45%
15
3%
297/«
*82
:
-
35%
108
28%
8,200
i
29'a
26
*30%
•
*160
85:;
15'A
*47
•
■11%/;
*14%
23%
16%
:
190
*82 '"
48%
*11
A
96
*75
29%
*160
109
*106%
.'
80 VX
'•■*29%
33%
29
27%
55%-.;'
29%
8%
16 Va
,
1,400
.11,600
.
15 ;; '••
v
49%
WM'-y "22'-"-"'- "V; *21%
40
40 % V
39 va
30
29%
'
31
*91%
16%
85
1
23%
■
40V*
*75
' -
190
'
35%
4
21%-
16 Va
*27 Va
,
24
96
*7%-
30
48-
3%
55%
23%
> 29%
1,600
'-
7%
1135 v*; 35%
27 Va
:
15
31
*21%
8 VB 4
80
*29 V*
4'
33-7?
39 Va
4
*47 Va
48
*3%
*91%
■
•
29%
':27%
*14%
56 Vb
55%
3,200
!
4%
•
32%
15.%?/
*11?'. 11%
3%
*31
4%
7%
36%
No par
Jan
11% Jan
14% Feb
•;
1,700
vi/,
8
'
11%
$ per share
Par
preferred—___ioo
55 lv Jan
19% Jan
27%
;
13%
■'
15%
35 3
50
;«47%
Feb.14
Container Corp of America
com__2o
4% cumulative,
10
Oct
*75
Saturday
;
Continental Baking Co1 com—No
par
$5.50 preferred
,
No par
Continental can Inc common
20
$3.75 preferred
20
46% Feb
/
Vultee Aircraft—_.__1
Feb
Feb
27%
/
12,700
:
*
*
29%
.
1.000
1,900
;
o%
13%
7%
35% '/
*48%
47%
•
30
*107%
75
*11
Grocers
Feb
19
.>'» 29%
50
xilVa
•
96
:•
16
35%
■-
29%.
/ 6%.
•; 8 Va K34 »A 33%
' 15%
4 ya
83/a
Va
5 '»••■'•«.?
8
•
.
33%
15 Va
35%
'•••*14% 'V 15%
23%'-
8"
'/
109
30
32%
16 3A
29-Va
55%
*82
14%
5
8'A
4%
8'a
Vb./
8
300
12,200
aOV4'' 10%
6% •;
14
400 *
"
41%
*88'/u" 92
■
10%
Va
/:•
•
27%
-
40%
~8%
■
440
No par
n
Feb
27%
33
-
29%
•
*160
.
8
.r
4%
"
1334
4%
'
36%
*48'A
,
39%
85
*43%
7.
r
com__No par
Edison
10
8V4 Jan'
'•
29%,
35%
V
8%
16
21V* *
190
*107%
8%
'47%
38%
16-
•
6«A
13%' '• 13% 7
36 VB
77
.
21V*;
'
preferred—100
Consumers Power Co
$4.50 preferred
Continental
3,700
r
common__No par
49
98
55
-
23'/a
80 v
*82
••••
"
*26'A
f
92
4%
"8%
10%
?6%
?
'
*6Va-
4%
low
Co_i_
94
19
*160
10%
7%
a-
15 Va
8%
V'
6% •,"63/a-:
14-Vb
14%.'
L-;.,->:'27'%
48
•*91%
30-
10%
8'%
11%
38%,
7*29%
30
•
Consolidated
10%
11%
*88 Vt
4%
•;% 8%' ,"8%rn
4%
;?
27%
47 %
23%
.77 38%
7'. *29%
.'-V *8
92'■
'•V AVa
.
33VB '33%-
50%
90%
2.1%
*90
?20%
*88%
4%
8 Va
4%
,
293/*-
*30%.
54%
23%
?
No par
Electric
•
41%
8%
16 V*
36 V* >
*14 Va
33
,
:
27%
41%
•••..v; 8vb
8 Va
'7* 11 Va
--
.
*73%
;
91
,7'7" 3% •L-'3%
108 v*
Consolidated Laundries Corp_
5
Consolidated Natural Gas
_'__15
a-; Consol rr of Cuba 6% pfd_il__100
'." Consolidated Retail Stores Inc
'
/ 11
*26 %
41%
8%
34.::-v.
..26%:'
•
-
3%
ry com___100
preferred—
Consolidated
11
*11:
27
41'/«
Va''
11%
27
42
'
15%:
■V4--:
15%
3%
*30%
V7 54%
Publishing Inc___no par
Congoleum-Nairn Inc_i__—__No par
Consolidated Cigar___. .Nopar
Consolidated Coppermines;
Corp—_5
of
11%
700
18 V*
91
■
50%
,47
*14%
A-V'
8%-
293A
11%
',77
cum
Edison
18
91
'
26%
47
*11%
$3.60 preferred !
i
______100
Commercial Solvents _l
i;
No par
Commonw'th & South- com—No
par
$6 preferred series
—_No par
Consol
38%
"J. 48
Dec
44
•
5 Va Jan
23'a Jan
17% Mar.
11% Dec
95
Feb
31
11
13
18%
91
•:-10%-
•
36
...
i'
29%
51
25%
v
Conde Nast
:
3,800
26%
18
91
i>;8%
47/a
33%
*106%
;
Commonwealth
Jan
114%
•
Dec
32 % May
vb Feb
103% Feb
Feb.
-
Jan
4% Feb
Feb
108% Mar,
11% May
10% Dec
•
!;
100% Jan
23% May
21
29%
preferred w w.^Nopar
Columbus & Southern Ohio Elec__10
Commercial Credit common—
10
40% Jan
*25%
18
91
"r*4%■
•
6%
4%
7%<
••;
__loo
v;
b.
&
26%
17%
*88%-
.
,
10%
•
lWi»
*48
Columbia Broad Sys Inc cl a___2;50
38 % Jan
36
„
*25%
300
1,900
i
14%
90%
'
35%
preferred___100
4%
>
-
27%
preferred
Southern
-.
13%'
f;i4'A;
'7%
15%
5
17% Jan
Class
.10 V*
32 V8
35%
No par
21% NOV
Feb
7%
par
Inc
conv
&
25%
14
17% '•
41
•
.6%
27%
Collins & Aikman
1
24%
;7
500
9%
23%
91
•
-4%
'■V'4%7
/ 8 %' 778'%7
i3-.%;
31%
coml.No par
Colo Fuel & Iron Corp
May
14%
.v.iC 11%-"
":11V*
.-A' 27
27
'•
89
7%-
___No par
Dec
9% May
8
May
14 Vb
400
12
*9
'23%
-
17%
41 %
*8'8'A
4%
__20
Corp.
Aug
.16% May
14%;"
9%
90 Vb
11%
•
gtd—7_50
preferred
Mills
14%
*9
7%
'
12
;
23%
14%'
,'
7 27%'
;•'. 40%-,
'
par
May
Jan
22 Va
140
79 *
*7%
12%
9%
23%
26
-
Colgate-Palmolive-Peet
$3.50
*10%,
6%
■7;7.7S,L 7# 16 )V
Co'.(The).-common_No
12
'21%
:
stock
18
8
:
-.
7___
Internat
12%
9'A
23%
:
1,700
1,800
104 Va
*76
7%
4,200
7%
8'A
104 Va
79 y.\
7%
12%
7 Vb
*8
'-
14%"
90
*27
•
1
.__7—100
—
..
Co__„,
Class a
Coca-Cola
*76
8%
*12
9%
24
26
"18%
79
*7%
12
*9
26 V*
"18
■
7%
L77
25
"
2
63% Feb
.
12
23%
18
*76
8 V*
'14%-7
*25%
7. 10 v*
*13%
.
;
__10O :
$ per share
May
"May
33
$ per share
191% Nov
Jun
May
.
71._.1^^__1
york
1
9%
24
14
79
"*7%
12
"9%
24
18
105
*76
8
90
7',-!' *4%
.__2.50
-
exchange
•-
*104%
79
7%
12
4%'
*ci/4
Clinton Industries Inc___7—
new
*76
8V4
10
No par
preferred____7_li.__
Range since Jan. 1
Lowest
..." Highest
Highest
104'A
89
8
$4.50 preferred—T^t-i-i—No
par
Graph Bronze Co c6m*_7__.l
•
Year 1947
104%
105
•
Gas .'&v.Elec (COm.___8;50'
Range for Previous
104%
18%
Corp„_i._____7i.i.iCi_L_J__l
8%;
Cluett Peabody- & Co com
__No par
32%
/
7 73 preferred, _7
Lr_7______T00 77*1377;
4 Vc cum 2nd
pfd
.a—
*83%
16
13
8
104 %
*104%
-
94
*4%-
:i'77l_100
Special gtd- i%~ stopkL-,
8
Feb
17%
7%
8
25%
Clopay
83% Feb
Dec
17%
17%
7 Vb
11%
Co__No par
i
•
400
17%
40%
v.:
No par
...
19
8
27%
-
par
,7... .;,7
Climax Molybdenum
p
137
Feb
91%
Lowest
1140
Pac RR
preferred
19
7%
18
130
19%
8
13%
v
*87%
vtc^Nbpabr
Clevfr Ss Pitts RR Co .7%
17
13
30
*19
7%
'
Equipment
5%
3
7
Feb
14% Jan
39% Mar
19%
2,100
7%
40 3b
Clev
10
8% Jan
Dec
May
.
14
••174 ■;
*19
200
24
8Vs
*10%"
.
Ry Co com—ilOO
5%
non-cum- preferred_.__.ilOO
Cleve Elec
Illuminating com__No pa,r
2
Jan
19%
2,800
13,200
23%
7%
*26%
,V
preference..No par
preferred.
Clark
12
108% Feb
19%
53%
24
7%
9%
v
convertible
Citv -Stores
-
•
24
109% Feb
5
Jan
72
Jan
37% Jan
6
27% Feb
Mar
Jan
7 57
Dec
Jan
24
240
•'rf? t' Ls.S"■■1
Mfg_.«-_7l7T7771,,p_1.123
City Investing Co commoriiiU.llL.S
9
19 % Jan
■
5!.
24%
17%
23%
*90
f
Cincinnati Milling Machine Co
10
C I T Financial
Corp_j.c
No par
City Ice fc Fuel
-_^__No par
17
11 V..
6
—...No par
'Af
Cincinnati
..
2
11
Jan
80
35% July
109
Dec
_
34
;
20
"40% Feb
26
15% Jan
Nov
Jan
24
8%
8
18%
com-iNo par
preferred
'7;,7
♦
Chile.Copper
Chrysler Corp--«.
2
22% Jan,
'
.89.
2;
128
24%
7%
79
25 %
C C C & St Louis
Jun
Nov
A-71
63%'Jan
Jan
20%
Dec
27%
10G
11.
126%
*24'A
132
53%
23%
18
12 v*
,'•'•: 13%
:
54'A
23
18%
*9%
par
53%
23%
37
131
7%
23%
,
Productsll.__'l:4-A--l-l
Co^-,—,j-71_,__-j7_No
JChilds Co
21
"Feb
Feb
Belt
Chic Rock Is' &
6
Jan
21
36% Jan
par
53%
23
37 Va
133
*8 Vb
*7%
*12
par
53%
23%
37%
132
19%
105
*76
Conv preferred series A7_
100
Chicago Yellow Cab
;
No par
Chickasha Cotton OiL___'7___i.lO
12
4%' Jan'
35
96
Jan
34 %
•
17% Jan
18
23% Feb
.
$3
2
Feb
11%
' .'12% May
23 ' May
Feb
52% Feb
34% Nov
Dec
10
v
Mills7Lj._7l7.No
Pasep -Copper----7_No
de
55
7%
*104%
/
54%
37%
134
8%
7%
*8
Corp73.40%- pfd_lO0v
Chicago Pneumat Tobl com_.No
12
Feb
48%
May
78 *
i
11-
31
Pr
37 V*
133
*19
18%
NY
38%
1L5
24%
*18
Series A preferred Vtc
Chicago & Northwest'com
7
51% Feb
700
3,900
127%
37%
135
130
24 %
'7>- 5%.- preferredil_jl271-*._^t_4-100v U
•
29% Jan
37% May
27% May
7
•
k
712% Jan
5'
' 14% Feb
•
•66% Oct
23
Jan
3% Feb
Feb
96
«.
11
6%
37%
126
*126
24
19%
Chic Milw St Paiil & P
L
v
Feb
6%
127%
128
23%
.
,7
40
Jaju .".9;
33-Vi Jaii
2
(54% Jan 22
32% Feb
45% Jan 22
X
::
.' July 7
.
6%
126%
38%
136
*18%
Class
5
.v,
6%
128
37%
136
,.No par
common_j_,
Class
Chicago Corp (The)7iL—
1
Chicago Great West RR Co com—,50
7.
5% preferred
;—7750
Chic Ind & Louis
Ry Co cl A.^._25
35-% Feb 7; 2
19% Jan 12
6%
126
preferred____—_T_;__100
Corp
3 % %, convertible .preferred... 100
Chie Si East I117RR Co
copij.No par
9
22
6%
23
16
31% Jan
6%
400
100
*97%
126
Chesapeake Corp of Virginia
Chesapeake & Ohio Ry common__25
5% Jan
•
6%
40
22 Vb
Checker Cab
2'
10
6%
•
*38%
*99%
5
:-'2-Ti '' f:S%£ Jan
6%
14%
;
101
$4j50
14
-4% Feb
7% Feb
23%'May
;•
<■.
12
39%
*99%
Champion Paper & Fib
2
;10% Jail '
15
33%
102
:
14
'■t :-;;8%-: Feb '
Dec
14%
40
*99%
Certa}n-teed
'
.4% May
..
•
15 V8
39%
100
9
"Jan'.24 L: 7 7% Jan
6
1,900
15
15
*39%
23
9'
9% Jan
300
14%
15'A
40
15
100
Chain
,
5
12% Jan
V*i 4',4 May .;8% Feb
...Vw 8% May,. 7 15% Feb
".
Feb 11
35 V*
98%
Century Ribbon
Jan.. 29
>5% Jan' 14
7% Feb'11
*33%
23%
Cerro
.90
Dec
34
98%
45'% Jan'
2
34
22%
5
14'% Jan
900
35
*33
40
37%
22%
7
par
28% Jan
:
...
14'
28%
99.
preferred—;—.No
tCervtral RR of New Jersey.,—>100
Violeta, Sugar Co-_——9.50
6
210
*28 V*
331/2
14%
Shares
103%
29
22%
1st
2nd
5
Jan
*102
102%
28%
33%
29
54%
Central
.
102%
29%
33%
*38%
6%
101
100%
29
54'A
.Central
100r% Jan'
16
10% Feb 41
.26% Feb. >17
'
,
Feb
15
39%
*6%
103%
29
*32%
'*14%
—_1
101'
for
the Week
$ per share
54
v
H
"}j \ 3% Apr
!
Jan
22
''
90
Feb. 29
29
•
"38
i
104 Va
29
33
preferred
_20
Central Aguirre 5ugar Co___No
par
Central Foundry Co
1
Central Hudson G & El Corp—nq par
Central 111, Light
4pfd_„,:.10O
/ 7 17% Jan
9
?, 3*
Jan' 1.4
17% Feb 18 )&j
Feb
110% Jan
Dec
18
104
28%
33
Sales
Friday
Feb. 19
S per share
54
10% Jan
26% Jan
,
19
21%
Thursday
18
$ per shares'
136
common
11
Jan. 26
12% Jan' 13
11% Feb
8% Jari ,22
";283/a
10
dorp
105
*103%
•
5%
Feb
80
j
v
10% May
81%
Feb
100
No par
$ per share
37
Celofex
«
8% Jan
105
Feb.
>133
$4.75
x8% Jan
7
23 7Jan
40% Dec
>
Feb
Jan
7 35% Mar
Nov "
77
7
102
Ry
4%/ series——.50
preferred
7%
18% Feb
22
7% Jan
Feb
96 %
,
11% May
1 20% May
19% May
100%. Dec
'
•
17% Feb
PRICES
Wednesday
___—l25
•
27% Jan
'
Dec
v
;
Jan
116
4% May
11%
Jan
10%
7% May
100 %
Feb
2
20% Jan
,
'
SALE
Feb. 17
7—!il—__ 100
2
13
$ per share
'
Caterpillar Tractor————-No par
Celanese Corp of Amer com—No
par
,
21
130
Co
$ per share
Par
common
General
&
(J I)
7%
12
x97
.
Case
Ohio
HIGH
Tuesday
Feb.16
"
7
Light.
Monday
Feb. 14
Co__—5
preferred
Carriers
<
138% Jan. 19
„
&
Steel
Corp
Saturday
7".-.7
7 ■'
Power
Feb
Feb
LOW AND
STOCK
'
■,
14% Feb
Dec
158%
'
49% May
17% May
'
27% Jan
Feb
oct:,
■'
Jan
132,
100% Feb
Jan
50%
21%
'
Dec
Jan
39 %-
Dec
YORK
EXCHANGE
.
'
STOCKS
21%
*50%
51
-
51%
*50 Va
51
13%
-
14%
13%
13%
45 Va
45 Va
44%
45"""-
11
11
11%
11
51%
51
51 Va
*51
11
51%
8,200
,
8,700
500*
800
60
•
3,600
160
1,700
450
.
16
(856):
1
V *'
-V
A
COMMERCIAL
THE
FINANCIAL
&
Monday, February 23; 1948
CHRONICLE.,^.
NEW YORK STOCK RECORD
Range for Previous
i
? '
Highest
Lowest
NEW
Range since Jan. 1
Lowest
"
Highest
Year 11)47
YORK
Monday
Tuesday
Feb. 14
Feb. 16
Feb. 17
$ per share
$ per share
$ per share
STOCK
EXCHANGE
'
Saturday
■'
.
■
$ per
t per share
18 %
share
32%
Dec
Feb
$ per
$ per share
share
20 % Jan
5
18% Feb
Corning
61%
105%
Feb
92
Feb
9
93 V2 Jan
20
Dec
88
105%
Jun
92
Jan
12
94 Va Feb
4
66
Jan
8
175
Jan
75%
Sep
5
61% Feb
Glass
3 % %
Dec
88 %
Par
.
5
5
common
preferred
Cum
Corn
Works
Products
7
93
94 1
*92 VB
*92 Va
*93
93
*93
94
*62%
63
63%
64%
171
*170%
172%
Refining com
25
*9J
18%
94
7*92%
64 V4
171
; /
v:
94
*93
172
'
63%
Feb
6
Jan
12
*171V4
172%
4%
Dec
8V4
Jan
4% Feb
11
5% Jan
2
Coty Inu
i
4%
4%
4%
4%
4%
4%.
4%
4%
2%
Dec
4%
Jan
2% Jan
6
3% Feb
2
Coty International Corp
1
2%
3
2%
2%
2%
3
2%
2%
Aug
195
Dec
170
169
•
107
Dec
29
Feb
13
34% Jan
95
Feb
11
97% Jan 27
11% Feb
13
13
Dec
Dec
30
~41
"Dec
25
Apr
Oct
Jan
22 Vb Jan
6
17% Feb
11%
22%
11
27
-
23% Feb
20
5
98 % Jan
2
91% Feb
11
Oct
102% Feb
18
22% May
Feb
10
37%
Feb
11
17%
Dec
•
101
Jan
12% Feb
127 % Jan
16
71% Feb
34
Jan
14% Jan
11
24%
5
Feb
13 V* Jan
5
Mar
81% Jan
13
84
Jan
9
13
197/s
Feb
15 % Feb
13
Oct
27%
Nov
19
Feb
20
24 v2 Jan
12%
Feb
Jan
147
Dec
Jun
56
70
Mar
6%
Feb
21%
4 % May
12% May
129
Dec
132
Feb
Apr
30
30
96
(The)
new
5
*23
19%
*19%
44 7'.
44
27%
27%
27%
27%
27%
*91%
93
92%
93
104
103%
104
*23
*91%
82
104
105
5%
preferred
conv
Cuba
6%
RR
1,900
1%
23'A
23
18%
19%
*19
19%
18%
18%
X44%
44%
44%
44%
45%
45%
900
27%
27%
27%
27%
27%
6,200
95
93
93
19%
23
*92
f 27
*o
13
22 %
22%
*22%
*155
22 %
23
103%
310
22
104
22%
'
22%
4,200
%\
180
69
68 %
68 %
67%
68i/4
*67
68
*27%
28
27
27%
23
28
*27%
29
13 Vb
13%
13%
13%
'155
180
*155
13
13%
13%
180
*155
180
12
.
12%
12%
12%
84%
*83%
841/4
831/2
83%
*8oy>
84%
*14%
15%
15%
15%
15%
15%
*15%
16
*19%
20
20
20'A
19%
19%
*19
19%
84 %
*83%
5
*14%
15%
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The) com—No par
*19%
20
12
2
11%
Jan
2'
$7X preferred
No par
*116
125
Jan
9
Prior preferred
No par
1
52
52
5% Jan
19
21% Jan
27
5
133
r
Curtiss-Wright
17
Jan
27% Jan
13
18% May
30%
Feb
22% Jan
14
19 Vb
Aug
90 Va Nov
26%
Sep
20% Feb
5
23
Jan
97
Sep
90
Feb
18
Jan
22
14% May
23%
Oct
14% Feb
16
20% Jan
2
1
77c
pfd
6
*19%
No par
43/4
19 %
137
20%
137
100
84%
15%
15%
400
19
19
500
4%
21%
21%
20
137
*23 VB
21%
23%
21%
90
12,100
4,600
19%
19%
*130
137
■
"•,•'
v'
'
'
'
700
24
*23 y«
24
23%
3,400
4%
4%
20
*130
137
*130
23%
220
52
4%
4%
9,600
125
53
:
20%
19%
137
23 VB
125
52
125
*52
4%
4% •
'
*120
52%
7%
7'/b
7%
'
125
52%
20%
130
24
*23%
'
7%
7%
*120
52
4%
20%
*130
23%
23%
7%
122%
52
52%
4%
19%
*130
100
Cutler-Hammer Inc
2
93
common
A
Class
Cushman's Sons Inc
52%
4%
4%
7%
122%
125
*116
1,000
11%-
*80%
'
7%
7%
7%
7%
9
155
180
*155
12
12 %
*83 y2
Cuneo Press Inc
13%
180
*155
11%
preferred
900
6,800
*67%
28
11%
4% 7c
V*
13 Va
68%
11%
59
11
20
*102
*1021/4
102%" 103%
22%
12%
•
10
100
Cudahy Packing Co common
139
27
1,400
•
93
*91%
V-
'
Jan
-
\200
23 VB
*23
'
100
1,100
11%
11%
;• .••;
3,600
98
*92
12
68
28
13
100
Sugar cumuiou
preferred
*27
11
Jan
*23
95
*11%
30
29%
30%
95
,11 %' '
28
69%
69%
100
100
pfd
non-cum
Cuban-American
13
18% Feb
23'A
22%
22 Vb
22%
17
4% Feb
3,800
5 VH
3
*2%
'
*103
Feb
133
70
171
"/•:/ 5
3
30
96
11%
44
Feb
7
5Va
3,400
'
Amer eom__No par
of
23%
19%
44
122% Feb
51
V
•
*2%
30%
*95
11%
19%
27%
preferred
Steel
96
11%
11%
301/4
30%'
*95
97 Va
44
19%
*43%
Zellerbach Corp com
.
11%
23%
*23
2
com—2.50
No par
No par
Seal
30%
31
*95
11%
11%
No par
&
preferred
$4 2nd
23
160
Cork
Crucible
5
11
17 ys Jan
6% May
113%
2
Feb
Dec
xl6.
.5
•
171
172
*171%
20
'
64%
64'/a
s
•
"
11% Feb
160
30
*95
1
America
$4.20 preferred
3
17
Sep
Jan
of
Wheat Corp
of
Crown
5
25% Jan
*
6
27
21Vb
Dec
82%
67% Jan
Oct
165
Jan
12%
Jan
34%
137/b May
165
Feb
22
96
Dec
$2
25
100
common
preferred
Crown
34 Vb Jan
Feb
May
Cream
29
45% Feb
130 Vb
22
9
21 % Jan
1
2
108%
Co
33A%
Creameries
20
Dec
66
9
15
Feb
42
Oct
34%
Jan
Jan
52% Mar
105% May
98
Crane
Feb
16-
171
100
94
'
Mar
40 %
26 % May
97
preferred
7%
92 'A
*93
64 %
3,300
19%
92'/b
.
94
64
Shares
share
;:!18%
19%
*93
63%
$ per
92%
92 Vb
the Week
Feb. 20
19
.
share
19
18%
93
*92 Vb
%>
64
Feb
$ per
$ per share
Sales for
Friday
Thursday
i
*
Feb. 18
93
100
of 1947
ser
PRICES
Wednesday
18%
18 VB
11%
1«%
18%
18%
100
pfd 3%%
HIGH SALE
AND
LOW
STOCKS
D
Feb
6
17% Jan
24%
Oct
18% Feb
14
22% Jan
35%
Jad
24
Dec
Jan
24% Jan
5
28% Jun
i
pfd 3% %
12
21%
91
91
90%
90%
90 3/4
*89
91
15
14 VB
14'/B
>13%
14%
*13%
14%
*13%
14%
14 %
14%
*15%
16%
>15%
16%
>15 VB
16
*153/8
15%
*15 Va
15%
*15 Va
153/4
1
7
18 %
18Vb
18%
19
18%
18%
♦18
18%
*18
18%
18%
18%
25 %
25%
25
25 Vb
25%
25%
25
Pwr & Light common
Dayton
21
21
4
Jan
31
Rights
84
Jan
2
90% Jan
14
Preferred 3.757c
series A
100
84
Dec
101 % July
85
Jan
5
90
Preferred 3.757c
series B
12%
Sep
23%
Feb
13
Feb
11
20%
Feb
10
Feb
45%
Oct
30
Feb
20
41
May
46%
Oct
37% Feb
20
Dec
38%
Feb
29% Feb
5
45% Mar
38% Jan
20
11
Sep
33
Aug
31
29%
.
32% May
13
5
13% Jan
9
Decca Records
* Jan
8
Deep Rock Oil Corp
2
Deere
Jan
10
7%
42 y4 Feb
19
5% May
10%
Feb
7% Feb
11
10
Jan
19%
Dec
14% Feb
11
19
Jan
25% May
44 %
Dec
33 % Feb
11
38 y2 Jan
2
13
21 y2 Jan
10
6
20%
59
27% Mar
Dec
Aug
Jan
Escrow
ctfs
88
>86
88
88
88
*87
88
13%
13%
14
14
13%
13%
113/B
10%
11
31
313/4
30
31
1,400
38
37%
37%
5,400
31%
31
31
42%
40%
40%
8%
7%
30%
30%
30 Vb
30%
30%
*30%
39 %
40%
40%
>40%
40%
40%
38 %
11%
31
*30%
40%
for
8VB
16
16 %
16%
163A
16
16
16
16%
16
16
34%
34%
35
36%
36
363/4
36
36 %
36 VB
36%
35%
35%
2,200
20 y4
20%
20%
20%
20%
20%
20%
20 Va
20%
203/4
20 3/8
20%
12,200
7%
7'%
7%
7%
8
8%
100
pfd
100
20
for
*15
.*55
*56
58
58
*56
58
10%
10%
10% i
*10%
10%
231/4
24
?4
*23 3/4
24
15
14%
14%
23
23%
23
23
1,800
*36
37%
*36
37
300
58
*56
Detroit Hillsdale & S W RR Co__100
2
Detroit-Michigan Stove Co
1
10%
10%
103/4
103/4
10%
Jan
6
Detroit
Steel Corp
1
*23%
24
*23%
24%
23 %
24
10
5
*14%
14%
*14%
-14%
14%
143/4
*14%
15
12.50
23%
23%
23%
23%
23%
23%
*23%
241/4
36
36
*363/4
37%
*36 %
37%
*36%
37%
*38%
39%
39%
39%
*38%
39%
Vilblss Co
Jan
14% Feb
13
16% Jan
Feb
22% Feb
11
26
Jan
2
Devoe & Raynolds class A
Jan
9
Diamond
15
Match
47
Jan
36
11
50
Jan
38
Feb
13
44
Jan
Dec
24%
Feb
16
Feb
11
19
Feb
2
Diamond
11% May
18%
Jan
13% Feb
11
16% Jan
5
Distill
15%
Oct
15
Feb
11
17 y4 Jan
5
Dlvco Corp.
Dixi£ Cup Co
No par
common
Feb
Dec
19%
25
May
40%
Sep
29 '/a Feb
16
38
Jan
May
55%
Oct
48
Jan
27
53% Jan
8
34
Feb
39%
Oct
Dec
1
*38%:
39%
17
17
17
17%
17%
*16%
171/4
16%
16%
14 Ve
14%
14%
143/4
13%
141%
xi4ya
14%
13%
15
15
15
15
151/4
15V4
151/4
15%
*14%
14%
15%
29%
30
30%
30%
30%
30%
*301/4
31
51%
50
50
50 V4
50%
18%
18i/<
18
18
2,300
29%
30
29%
29%
2,700
5
Dr.
Doehler-Jarvis
Pepper Co
Mines
Jun
15% Jan
18% Feb
19
Dome
47% Jan
2
56% Jan
16
Douglas
32% Feb
20
40 ys Jan
2
Sep
114%
Feb
92% Feb
6
100
Jan
14
Dec
104 %
Oct
90
Feb
13
97
Jan
9
23
Dec
21
Jan
6
24% Jan
30
98%
Feb
83
Jan
2
84
19
Jan
16 Vo Jan
5
$4 preferred
.19
Feb
12% Feb
11
14%
17%
Nov
13% Jan
26
16 Vs Jan
5
Duplan
187% Jan
2
Du
July
166
Feb
20
115%
Dec
129 J/4
Aug
113% Jan
28
92%
Dec
107'A
Sep
94
Feb
11
110%
Sep
115%
Jun
113
Jan
2
13 >A Feb
13
197
May
19% Mar
Dec
Jan
Jan
13
15% Jan
2
Highest
$ per share
Sper share
$ per
1
*12%
17%
18Va
18
18
53
52%
52%
52'A
52%
34
34%
33%
34
33%
33%
99%
99%
99%
99'A
91%
90%
91
91%
23%
22 %
23%
23 Vb
99%
23
87
*82%
*82
*82%
123/4
*13%
*14
14%
170
171%
114%
114 Vb
114%
94%
*93%
*13/', :13%,
AND
*13
HIGH
SALE
500
24%
;
17,500
"
*82 Va
87
<
116% *
*94
;
14
„
13%
>
4,300
600
116
115%
200
95%
;
114
iso
'■
200
13%
*13
13%
500
14%
168
114
,
400
13%
«
*94%
•94%
1141/a'. 114%
700
87
13
13%
*115
PRICES
Wednesday
Feb. 18
$ per share
$ per share
94V2
23%
14
Feb. 17
t per share
.
99%
22%
166
Tuesday
,
99%
*92%
14%
Feb. ,16
Monday
Feb. 14
8,100
167%
*
9,000
3,800
34 Vs
14%
116% *
-
17%
52%
91%
*13%
114%
130
17%
Xl66%
.'94
94
600
500
32%
•
14%
*115
9,900
<
51%
"A
169 3/4
*113%
114
900
/
99%
*82 »/2
13'A
13'A
*14
94%
114
87
169%
114%
,94%
13%
*13
13%
14
114%
,
94%
114
114
Saturday
Par
87
y2
14%
12 3/4
*14
LOW
STOCK
yv
171%
*13
EXCHANGE
17%
*90%
23%
STOCKS
NEW YORK
Jan. 1
$ per share
share
17%
52%
903/4
115
'
173/4
170%
*93%
>114
■
,
52%
99%
14%
>114%
100
5
30
23
170%
-
18
29%
90%
13%
14%
No par
18
29%
*99%
87
170
No par
1st pfd
17%
29%
23%
*82 %
*50
17%
90%
22%
100
50
::
34%
51%
(:* 34
100
90%
50c
No par
Duquesne I ight 5%
DWG Cigar Corp
Highest
Lowest
*90
No par
common
Corp
v
Range since
Year 1947
No par
series A
31
18
17%
17%
*30%
^50
29%
29-
34 %
Pont de Nem (E I) Si Co com—20
Range for Previous
Lowest
xl7%
29
51%
Preferred $4.50 series
20
120
115
"
17%
Preferred $3.50 series
6
97% Jan
5
v
51
International
Dunhill
10% May
*50
18%
18
29
.
51%
52
34
preferred
conv
31
•
15
common
Industries
3%%
%
No par
Co
$3.25 2nd preferred
V
15
-
No par
Aircraft
Dresser
*50
No par
5
Corp
Ltd
Chemical
*30
No par
5
*15
No par
common
A
Jan
Dec
Nov
1
23
91%
Dec
39%
17
14%
37% Jan
36 Vb
May
*38%
16%
14-
16
98%
200
39%
16%
Class
Dow
300
*38 y4
13
23
700
2
Jan
.•76
'
1,900
2
42% July
21%
16% May
45 »A May
*14%
23
Motor
T
Feb
■
'
Car Co
partic preferred
xl7% Feb
29
10%
Corp-Seagrams Ltd
6%
2
49
*55
58
2,500
23 VB
9
12 y2 Jan
25
Nov
8
10%*
*56
58
60 y2 Jan
Apr
400
1,700
5,600
15%
50
com
31%
28% May
41
7%
11
De
2,800
'
37%
39
39%
1,100
11
32%
38%
100
70
14
"
38%
32%
383.4
10%
>32%
88
14
32
11
33 Va
38
10%
70
*87
14%
10%
10%
32
38%
10%
13%
76,000
32
90
*31%
10 3/4
31%
18
Jan
17%
14
88
14
10% Feb
58
42%
173
87
23% Feb
Oct
35 %
14
*85%
*13%
38 y4
Edison
Detroit
8,500
3
Vif
*89 %
•
Grande West RR
ctfs
42
80
90
*30
22
20% May
19 Vb
*89
Oct
26%
Oct
16
SO
13% July
62%
10% May
17%
20% Feb
Escrow
A
90
200
1,300
25
24%
25>/b
a3a
90
1
Hudson
& Rio
Denver
25
32
32
>89
50o
Lack & Western
Delaware
2
Vb
90
No par
Inc
common
&
A
>89
preferred
Delaware
9
6% May
Co
Vb
90
100
Dayton Rubber Co
&
3S2
32
*89
50c.
Jan
32
3V
.
46 y8 Jan
13
25 V8
100
91
*89%
'
'
tV Feb
101% July
15% Jan
1,700
21%
21%
*21%
91%
20
A
Corp common
57c preferred
Davison Chemical Corp (The)
Stores
"82% "Dec
A
?1%
*91
*13%
1
series
21
100
2.50
Corp common
Cum
Davega
9
16
16%
Dana
Sales
Friday
Thursday
for
the Week
Feb. 20
Feb. 11)
$ per share
1 per share
tper share
Shares
I E
19%
Jan
25% Aug
20
Feb
11
22% Jan
29
!
Nov
24%
Apr
16 Vb Feb
11
18'3A Jan
2
Eastern
Airlines Inc
1
Dec
51
Jan
16% Feb
11
22% Jan
8
Eastern
Stainless
Steel Corp
0
2
Eastman
14%
44% Jan
48% July
38>/b Feb
10
Dec
198%
Oct
162J/2 Jan
12
42% May
57%
Dec
48% Feb
11
55% Jan
5
18%
25%
Feb
17% Feb
13,
19 y4 Jan
12
91 y2 Jan
lagle-Picher Co
19
42% May
163
88
,
15 Vb
104
Dec
109
Dec
Feb
2 7%
Dec
Feb
111%
Aug
Feb
4% May
8%
Feb
50 Vb May
65%
Feb
87% Feb
168
16
13% Feb
20
Jan
28
104
Feb
16 y2 Jan
2
Jan
Eaton
6% Feb '2
5% Jan
5
43
Feb
20
52 % Jan
6
10 Vb May
16%
Feb
11
"Feb
13
13% Jan
19
33% May
39%
Jan
32% Feb
19
35% Jan
Elastic
5
Boat
Convertible
1
(The)
3%
Jan
1% Feb
11
2V4 Jan
2
19%
Feb
13% Feb
11
17 y4 Jan
7
Electric
5
145
Dec
171
Feb
10
150 V2 Jan
135%
Dec
156 Va
Feb
123% Feb
11
139
Jan
57%
Oct
49% Feb
10
47
15%
139
13
v
50%
50%
50%
50%
50%
*173/b
17%
17%
17%
17%
•
:
56% Jan
9
preferred.
Electric
19
17
Jan
6
Oct
55% Feb
13
62
Jan
12
Dec
12% Feb
11
16 V* Jan
9
Emerson
24%
Dec
21% Jan
5
241/4 Feb
9
Emerson
,,19%
L;
May
14% Feb
59%
*11% y
Jan
12 % Jan
2
13% Jan
29
34
Jan
8
102
Natural
Paso
•
2
14%
140
124%
No par
49%
127
*125
49%
•
'
3
55%
127/b
12%
-
Dec
38
May
Apr
29% Feb
107
27% May
102
16
Mar
98% Feb
19
4 Vb Jan
5
11
3%
Dec
4%
Dec
8Vs
Dec
12%
Feb
9 Vb Feb
67
Feb
85
Nov
50% Feb
11
13%
Feb
7Vb Feb
16
District Electric Co
Endicott
4%
Jan
6
3
Equitable
1
11 Vb Jan
5
Erie RR
-
57% Jan
9
5%
preferred
No
preferred series A
Williams
-
22%
13'/a
29%
29%
99
4%
9%
9%
9%
*50%
51%
*63
65
*50%
-
/'-V
*141
144
140 3/4
127
127
*126
129
*125
50%
30
,,
17%
Dec
24%
Feb
15% Feb
10%
Nov
25%
Jan
8 Vb Feb
32 Vb May
50%
Oct
38
x6%
13% Aug
6
Dec
9
Jan
14
20 '
19
Jan
9
Evans
13
11% Jan
5
Eversharp
Feb 10
Jan 23
Products
Corp
Co
•
1
•
-
V
15%
8%
8%
16
16
8%
15
14 '/a >
14%
1,000
55%
55%
1,000
13
12%
12%
23'A
13
23 %
30%
•99
98 % '98%
-
4%
4%
9%
9%
9%
51 %
*51%
52
*63 ;.v
65
51%
•
*63
65
•
9
Ex-Cell-O
9
Exchange Buffet Corp
3
*38
2.50
*67/B
40
6%
'
42% Feb
13
51 '/2 Jan
2
Fairbanks Morse & Co
*42
43
27
Feb
17
31% Jan
5
Fajardo Sugar Co of Porto Rico
2o
*28%
28%
4% May
9%
Feb
5% Feb
13
7% Jan
8
Farnsworth Televis'n & Rad Corp„l
5%
5%
5%
12%
11%
J32
*16%
Dec
May
Dec
9% May
19
Apr
97%
Dec
20
42% Mar
35% Feb
11
37% Jan
12
23 y»
17
Feb
10
18% Jan
5
14%
14 %
Dec
July
Feb
28% July
407%
Jun
11
Feb
9% Feb
19
20% Feb
10
Feb
9
90
For footnotes see page 24.
,
v...i....'i.v';.."*W,v
2
Fedders-Quigan
Motor Truck
Federal
25% Jan
9
Federated Dept Stores com
Jan
23
99
Jan
No par
Corp___
Mining & Smelting Co
Federal-Mogul Corp
Federal
2
11
4%*
:
16
•••:/ 8%
-
1
,
15%
41%
*39 Vs
7%
6%
'•
•1,400
8%
40 - :
40
6%
2,700
15%
v
8%
41%
6%
*39%
100
52 r-
; ,165
7%
8%./
••
6,400
*63 :
15%
8%;
9%
*51%
;
7%
15%
'
8%
30
5,000
9%
<
4%
4,300
6%
G%.
/:6%
! 700
:
1,000
63/4
F
Jan
Feb
Jan
7%
73/8
:
900
*
99
4%
'
60
14
16
•9Vs
41
6 3/4
6%
31%
May
16%
.
40
40
39%
7
Jan
44
25%
8%
7%
1,400
30%
*98
4%
^400
13
30%
30%
1,000
•
22%
/
13
13 '•/
30%
.
*22
23%'
13
v
/
Va-
9%
'
7%
16
.
8%
1,600
56%
4%
65
7%
52%
12%
*98
52
•v;f:
'300
•
17
14%
30%
%
10
*63
7%
1,400
56 3-8
23%
4%
*51%
65
7VB
141
~
Jan
rSS
.
7%
15%
5
Inc
Corp
7% Jan
47
7%
5
13,400
13
15%
"
7% May
600
15
51%
51%
•
200
■'
2
14
14%
800
333/i
*1%
56'A
*12%
99
4%
51%
11%
11%
*33
*
:
5,600
13
*14%
*
13
'
50%
44
56
¥
23%
9%;
52
*63
,
141
51
13
9%
50
"'■/
*98
4%
v-
140%
/■■; 127
*30
4%
par
140%
*22%
•:
4%
100
14 Vb
13%
99 v
31
14%
15%
*98%
100
Pittsburgh RR Co
Eureka
-
14%
56%
1
Bldgu
common
25
*30
12%
*12%
2
*14%
100
;
Office
Erie &
-
10
Johnson Corp common
5Vb Feb
Mar
47% May
63
Empire
33
*1%
"13%
22%
"
11%
12
32%
1%
'.*55%
*12%
22
22
5
13
.
*11%
32%
13
15%
55%
55%
4
11%
1%
"56
15
15
*14%
15
Gas
51
50%
50
11%
/■*
50
500
5%
43
*32%
21
140
*124%
124%
5%
6
44%
3,400
103%-
44%
44
40
133/4
13%
14%
14%
140
*5% >
87%
*85 Va
*102
104'/a
32%
*1%
140
500
113/4
*32 %
1%
14%
1%
1,300
17%
14
*102%
6
v
493/4
17%
44%
45
113/4::
11%
-
*5%
30
49
87%
*133/4
104 y4
1,800
13,800
'
166%
166%
17%
•
*86
14
*102%
5%
45
32%
*32%
14%
14
5%
5%
87%
14
14%
104 %
*102%
453/4
11%
11%
■
140
Electric Mfg Co
;
Radio & Phonograph
5%
44%
■
33
•*32%
*1%
Elgin National Watch Co
El
44
*85 %
87%
14
14%
104'A
/
5%
*5y4
44
No par
Storage Battery
24% Mar
9% May
13%
104%
14
104%
*86
87%
87%
88
104 %
39
.
50%
50
17%
9,000
18 VB
38 %
38%
2,000
17%
*17%
170
*166%
49%
-
Light com__No par
No par
$6 preferred
17
Dec
46% May
13
July
$7
Power &
38% :
36%
170 ;V
*17%
Elec & Mus Ind Amer shares
11% May
173/4
•183/4
177/s
*85
3
No par
38%
*166%
20%
•
17
17%
>173.4
•
20%
20%
20 Vs
18%
49%
0
common
17%
18
39
*166
168
168
20%
17%
170
38%
39%
38%
38%
169
*20%
*49
*
100
Sep
2
18%
5*13%
2.50
common—
preferred
18
18%
*17%
*
4
t
Stop Nut Co
Electric
203/4
17%
19
38 VB
•„
Inc common
preferred
Electric Auto-Lite
20%
18
18%
*165%
100
Co
20%
17%
10
preferred
Products
4% %
20%
17 y4
18%
*20
•
100
common
preferred
Bros Stores
4% %
Ekco
Co
Manufacturing Co
Edison
12
106
Kodak
cumulative
6%
16
20%
17%
17%
10
16
convertible
preferred
..1
_2
9
No par
No par
100
-
»
>43
28%
12%
12%
♦35
37
35%
*16%
17%
17
12
*9
21%
♦92'%
9%
-43%
43%
28
~
9%
-
27
6
*43
44
'
28
12%
*35%
36%
17
*17
17%
9%
21%
21 %
22
94
92%
92%
9%
22
*92%
*27%
GVa
5%
12 J/4
12%
36
11%
v
*35%
'
=9%
9%
-
; '22ye-'22»/4-
22 J/4
•>•
*93J/2
,
95
■
"•■•
'
*94%
22
27'A
-
5%
<•"
36
17%
*9%
211/4
*'•941%
1,800
5,300
6,300
11%
*17 Vb
•
1,000^
■■.:
6
*35%
/'
9%
-95
43
27'/a
11
12
17%
9 J/8
22
'
95
6 :
36
"•
9%
c
27%
>35 y:
17%
42%
431/4
*17y8
361%
*17Ve
•
y
27 J/4
6*
12%
43
44 V4
•27 J/4
-
'6%
6
•«.
•
.
21%
94%
300
100 >
1,200
9%"
4,000..
r
':60
r
-Volume
167
Number 4675
:
'•
Range for Previous
% per share
20
Range since Jan. 1
Lowest
Highest
$ per
$ per
share
,
,
26-%
Feb
20
Feb
10
21% Jan
6
Felt
26%
Jan
20
Feb
5
21% Jan
9
Ferro
46% May
.42'A. Jun
59'A
Feb
54
Feb
19
58 Va Jan
19;
61
Feb
43
Feb
11
104
Enamel
Mfg
Co
*20Va
5V;
1
Jan
2
Sep
107 Va
Aug
Feb
14
62 Va
Dec
50% Feb
11
58
Jan
2
First
21%: Jan
14% Feb
20
17
Jan
5
Firth
39 Va
31 Vb Feb
11
5
Flintkote Co
105% Feb
5
99
Dec
Oct
110% .Feb
37% Jan
y
-
98% Feb
4
102 ",4 Jan
May
41%
Jan
30% Jan
23
34% Jan
2
13
Dec
17%
Jan
13% Feb
21
14% Jan
17
18
May
24
Aug
19
Feb
10
21% Jan
6
40%
Dec
23% Feb
11
40Va Jan
12
15%
Feb
30
.
,14 '/a Jan
15
(The) common—No par
preferred—
«.—i——No par
32%
.
$4
Florence Stove Co
Florida
Power
Steel
Corp
44'A
15
24 Va
1.500
43 Va
44%
4,100
44
104%
104
*104
104%
%
104
*102
527A
*51 Va
53
15
15
*14%
15'A
33%
33 Va,
33'A
33%
33%
33 Va
100
*
25%
;
14%
32'/a
100
18%
*17'A
18%
24%
<-
800
1,000
"
4,700
100 Va
*30
13%
50O
53
X32'A
-
32
13%
24 Va
104%
14 Va
1
•
100
*30
13%
24%
18%
25
100
32
13 %
*17'A
13%
*17'A
V
100
*30 Via
32
13%
25'A
•
500
51%
*98 Va
100
*30%
18 %s.
24'A
55'A
44'A
44%
52 V«
13%
*17'A
20%
20
54%
15
32
13'A
*20'/a
*19Va
54 Va
53
33%
*30'A
20 Va
14%
<
Shares
20 Va
54
-
'52'A
52%
100
.-*98
-
*104
104%
for
the Week
$ per share
y
,
*20'/a
55'A
44 Va
44 Va.•
32%
■*
18 Va'
5; 23%
10
!
—
44%
,
20 Va
55
56
Feb. 20
share
*19 Va
20%
20
20
56
52%
13'A
*17
.
*20%
20%
20
*14%
i
...
*20 Va
,
S per
Sales
Friday
Feb. 19
<
$ per share
/;
56 Va
-
*104
-
,
100
'•
*30'A '-32
No par
#
32%-
/< 13'A
—7%
Florshelm Shoe class A
Follansbee
*99
No par
Corp
.
$ per share
44 Va
•
■
15
.
20
Feb.18
56%
.
53
.*14%
Carpet Co
20
.7
104
*51%
No par
(The)
*20'/a ■20%.
-
44%
104
4%% preferred.--—100
National Stores—.—No par
'
,,
*
„v 44%
Tire A Rubber com.—25
Firestone
14'/a May
May
<
20
56 Va
•
50
51 % May
24
20%
20
1
V
Thursday
Wednesday
>
Feb. 17
17
PRICES
SALE
HIGH
AND
i
t per share
;
,
56 Va
-
Fidelity Phen Fire Ins N Y——10.
••,
(857)
Tuesday
Feb. 16
4 per share
Par
:
Corp
Monday
Feb. 14
•
;
Tarrant
A
Saturday
.
.y-V,:?" " ; *
Dec
20% May
104
5
7
EXCHANGE
$ per share
-
share
CHRONICLE
LOW
NEW YORK STOCK
,
Highest
•
it FINANCIAL
STOCKS
t
>
Year 1947
Lowest
COMMERCIAL
THE
220
32
—
13%
13%
*17'A
18%
24'A
24%
2,400
24'/a
6,100
'
9
91
lid" July
Dec
9% Feb
10
10% Jan
5
Food
Fair Stores
33 % Feb
May
11
39 Va Jan
13
Food
Machinery Corp
Feb
3
92% Jan
7
89
3%%
19 % May
32%
Dec
24% Feb
11
31
Jan
5
26%
Jan
23 % Feb
10
25% Jan
5
25%
27
cum
conv
Jan
12% Feb
17
14% Jan
50 %
Feb
35% Feb
13
43% Jan
5
Jan
10
Feb
18
12 Va Jan
14
Froedtert
Grain A
39
Jan*
18
Fruehauf
Trailer
Dec
Dec
103% Mar
*90 Va
91%
9%
9%
9%
9%
9%
500
*34%
347/a
34 Va
34 Va
*33%
34%
3,300
91 Va
*90%
91%
90%
90%
*90%
91'A
20
25%
25%
25'A
25%
25
25 Va
1,500
23%
*23
23 Va
90
9%
Francisco
Feb
11
24% Jan
5
77% Feb
18
81
Jan
5
4 ft
7% Feb
10
9% .Jan
2
Gabriel
Co
7% Feb
Inc
Co
Co
25%
25%
26'A
26'A
26%
25
23%
23%
2
Va
23%
*23
*12%
10
13%
*12%
13%
36%
36%
•>
1
common
*23
23%
12%
13%
*13'A
13%
13%
13%
12%
12 Va
400
36 Va
37
37'A
37%
*37'A
37%
37 Va
37 Va
37%
37 Va
1,300
11
*10'A
10'A
10
10
10
10
19
xl9Va
19 7/a
79%
x78 Va -79
19
*78%
—100
•
*10'A
11
noVi
Malting Co Inc_l
preferred
cum
*90 Va
*25
Sugar Co—-——No par
Sulphur
Freeport
<
.35
*23%
Corp common
10
prior preferred—
;
;—25
6%
22
18%
91%
*9 Va
35%
9%
9%
35%
..
Foster-Wheeler
11 Va
77
*9%
34%
*90%
(new)——10
pfd———:—-100
36 '/a May
.
9%
35%
'
23% May
12% May
Nov
*9%
35%
1
Inc-
10
11
700
19%
20
19
19
18%
19
18%
18%
78 Va
78'A
77%
79
78
79
78
78
1,800
320
G
8%
Dec
17%
V 5% May
Feb
(The)
Oct
11
9
Feb
2
Gair Co
Jan
19
Jan
14
20
Jan.
5
6%
12 % May
17%
Feb
xl3
Feb
4
14
Jan
9
Gamewell
14% May
4% July
22%
Dec
18
Feb
13
21% Jan
8
Gardner-Denver
9%
Feb
5 Va Feb
11
6% Jan
9
Gar
43'A
Feb
Jan
5
23%
Dec
18% Feb
13
23
Jan
2
Gaylord Container Corp_
16
Oct
11% Feb
13
13% Jan
2
General
Jun
26% Aug
30
-
33
Jan
7
100
Nov
48
Apr
xlOl
Dec
9%
Dec
,11
185
10
51 % Feb
20
58% Jan
5
100% Jan
6
104% Feb
19
Feb
9 'A Feb
14
10% Jan
9
150
Feb
13
10
July
100
102
Jan
155
29
Co
Wood
19
$8
—100
preferred
Feb
11
11% Jan
2
General
Bronze
9% Feb
11
11% Jan
8
General
Cable
76% Jan
78% Jan 26
4%
1st
4%
Corp—_
Feb
38
Jan
12
Feb
21
Feb
24
Jan
2
Jan
138
.Tan
144
Jan
28
32
May
39%
Feb
32 Vb Feb
35% Jan ) 2
General
Electric
Dec
45%
Jan
34 Va Feb
39% Jan
3
General
Foods
93 Va Jan
19
87
Dec
10%
103
Aug
Dec
.
16% Mar
May
43
54% July
123
Dec
100
Dec
131 %
9
8 Va Ja"
9%
$3.50
13
12
Jan
9
General
13
48
Jan
14
General
Feb
119
Feb
16
126
Jan
21
5%
Feb
xl22
J7
Feb
10
100 % Jan
20
Jan
Feb
51 Va Feb
14
58% Jan
2
Dec
129
Mar
119'/a Feb
19
121% Jan
23
$5
Dec
107%
Sep
93 '/a Feb
17
93 Va Jan
10
Preferred
13% May
18% Oct
19%
Jan
13
Feb
11
15
Jan
16
20%
Dec
16% Feb
11
20% Jan
12
13%
26
Feb
14'A Feb
13
16'A Jan
5
Gen
Precision
94
65%
Dec
2% May
11%
19
May
Oct
26
Feb
2% Feb
13
3% Jan
5
Gen
Public
Jan
11% Jan
22
12% Jan
5
Gen
Public
Feb
Gen
6%
Jan
7
26% Feb
2
128% Jan
29
128% Jan
29
Feb
4 % Feb
17
5'A Jan
29%
Oct
36%
Jan
124% Jan
Apr
23
Feb
22 Va Feb
11-
28
Jan
General
Feb
13
31% Jan
General
13
123 % Jan
28% Jan
General
24
Gen
25
.
26%
Dec
35%
Jan
26% Jan
7
19 Va
Apr
30
Feb
22'A Feb
20
Dec
106
21% May
40%
Jan
Apr
32'A
*31 %
19%
19%
19%
19%
2,900
12'A
*12%
12'A
12 Va
12 %
1,900
*91%
100
10Va
1,200
43%
2,000
*120
*97
122
10
51!/a
97
120%
*93%
No par
Co
'
14
17
'
14%
17
14'A
14%
85
Dec
22%
May
5 Va May
Sep
82
7
Feb'.
84'% Jan
12
11
27% Jan
5
Feb
11
53'% Jan
2
•
c 49
Feb
5 Va Feb
Co
4%ft
19
6
Jan
9
Oct
Feb
14
120
Jan
20
19% Feb
18
24 Vb Jan
9
Goodall-Sanford
49
Jun
71%
Feb
49'% Feb
11
57 Va Jan
9
Goodrich
99%
Dec
July
96% Feb
10
41%
Dec
Feb
x39% Feb
11
95
Dec
109
Aug
97
Feb
19
13% May
24
Jan
16% Feb
11
Oct
4Va Feb
20
8% Mar
5% Feb
17
5%
31
Dec
23A
11%
114
24%
*24%
24%
24%
*24%
24%
128 Va
*125%
128%
*125%
128 Va
*125%
128 Va
*125%
4%
4%
4%
4'A
4%
4%
4 Va
4%
4%
23%
*23 Va
23
23 %
23
Dec
25%
26k
*25
113%
113%
*113
*93
'
*22%
*93
98
23
98
14%
9
$5
Co
18 % Jan
:
6
Gotham
5% Jan
2
Jan
6
$5
90% Feb
10
Mar
96
Jan
9% Feb
19
10% Jan
Jan
23
32
30
Sep
12'% Jan
Jan
16
6
15
78
Jan
9
Jan
2
Jan
73
20
Feb
93
Dec
3ft "o Feb
37% .Tan
21
Jan
5'A Feb
7' ! Jan
2
97% Feb '11
14%
Feb
12% Feb
11
Dec
44
Feb
10
49% Jan
(W T)
3%ft
Dec
$2.25
7ft
$ per share
29%
85
Feo
89% Jan
1S%
Tan
4% ft
12
Gulf
Shares
29%
4,100
28
32%
Dec
39
Jan
31
Feb
10
33% Jan
9
Hackensack
14
Jun
19%
Feb
13% Feb
11
15
Jan
5
13
Dec
19
Jan
13% Jan
8
14'% Jan
5
•87%
Dec
112
Feb
102%
Dec
108%
19%
Apr
27%
148%
Oct
10
103% Feb
4
Hanna
10
26'% Jan
9
150 Va Jan
13
13
10
100%
Apr
.12
9%
35%
Jan
75
28
6%
Jan
9
Hart,
7'% Jan
9
Hat Corp
Jan
5
4%ft
31
1,000
*91
*C%
1
—1
42
Jan
2
95 V2 Jan
23
98
Jan
2
July
For footnotes see page 24
18 Vb
24%
24%
92
92
*!.0%
9%
9%
32 Va
*30Va
30
18
*17 »A
18
25
24%
24 Va
92
90 Va
90%
60
*90 Va
9%
9%
*9%
9Va
400
*30 Va
32'A
*30'A
32%
200
12 3A
12%
12%
12%
12%
12%
12%
12 Va
38%
37%
38 Va
37%
38'A
37%
37%
5,700
21
.;
21
20%
20Va
21Va
21 Va
21 Va
21%
3,700
135
*132 %
134%
134%
*132%
*60
70
135
*60
70
70
*60
132%
*60
70
Heinz
A) Co $4.25
Refrac
30%
30%
30'A
30%
30
30'A
14%
14%
14 s a
14%
14%
14%
14 Va
14%
14 Va
14%
800
10%
10%
10%
lO'/a
10%
lO'/a
10'A
10
10 v*
23,600
98
96 Va
97
97
33
32%
*96%
•
*96 %
98
32%
33
33%
53A
5%
5%
86%'
*86%
89 Va
5%
5%
3 65*
88
86%
13%
13%
46%
59%
15%
*45
15%
13%
13%
*45
47
59%
'
60%
60
15
15'A
xl5
13%
47
60%
15
*96 Va
96%
3,000
98
•
*86 Va
32 %
32 Va
; 31%
32%
2,200
5 Va
•v.5'A
5%
5»A
5'A
2,200
89 Va
*86 Va
89%
13%
13%
46% - 47
13%
14
46
46
59 %
60
59%
60'A
15
15
15'A
32%
.15
250
32 Va
••
A
31 Va
*30%
31'%
31%
31%
*31%
32%
14V2
14%
14%
14%
*14%
14%
*14 Va
14%
*13%
13%
',*13%
13%
13%
13%
13%
13%
*13'A
14
86'/a
x85%
85%
pfd—No
*8G
88
*86
88
par
*101%
102
102
102
87%
*101
87%
102
*22
22 %
22
22'A
22
22%
*145
148'%
*145
148'%
*145
148 Va
Marx
10
1
100
Inc
*27 Va
*6%
*75
28 "A
7
*27 %
'
,
76%
7
*75
common
nreferr^H
7
7
76%
1
;
*27 Va
28 %
*6%
7
7
2
common
*31 Va
?*30%
com—No par
Corp
cum
13%
*45
100
Co
90
70
30%
5
of Amer class A
J)
135
30%
100
preferred
(H
*86%
25
preferred
Co
1,500
31%
30%
No par
preferred
3%ft
600
10 Va
10'A
59%
preferred
Schaffner
600
2,500
38
12%
21%
135
32%
;
*28
10
*9%
*30 Va
200
25
24%
92
5%
5%
7,700
•18
18 Va
24
41%
100
*86
'
Va
89 Va
10
13%
8,800
47%
400
59%
60'A
39,700
14%
15'A
7,500
*31%
32%
13%
*46
v
Hecht
13
18%
38'A
*60
14%
lO'/a
No par
Hazel-Atlas Glass Co
Feb
11%
3
No par
5
37
par
*132%
?'
31
com.No par
RR
5
Feb
70
5%
Mfg
13
134%
30%
32%
Hayes
Jan
*60
97%
7
87
,134
V
18%
41
29
28 Va
28
10
.
5 Va
5%
28
32
12'%
.
5 Va
5 Va
26 Vb
93
21 Va
•
4 Va
4%
24
.
38
21
21
5%
*27
41%
18%
*30
12%
37%
5%
8% Jan
26'A Jan
30%
37'/a
4%
5%
*9%
*12%
-
*16
28
*91
10
97%
It
26 % Jan
,
30%
y
5%
*26%
93
31%
ft i/,
14
500
98
22,400
;
Oct
19
*96
5 Va
5%
26
'
Industries
27
97 %
4%
1
Hayes
Jan
*96
16%
1
7
21% Feb
5,000
4'/a
—100
8'A Jan
23% Feb
51%
*16%
;
11
78
51%
4%
common.;
6% Feb
Apr
52'A
16%
£
Feb
30% .Jan
51'A
(The)—
19
Feb
51%
4'A
100
Feb
79
60
4,000
*16'A
No par 1
Harbison-Walk
(M
2,000
...
21
4%
Water
X21% Feb
conv
114
20%
16%
.
Printing Co
Hamiltpn Watch Co com
4ft
5 Va
114
.20'A
*16
—25
XlOl'% Feb
6% Feb
5 Va
5'A
117
19%
16%
RR——100
utilities Co
01atea
100
20
97%
*96
4,400
49 %
4%
No par
Gulf Oil Corp
Sep
27% Feb
97%
*114
_
22%
16%
com.
pfd
Ohio
Dec
148% Feb
96 Va
51 Va
5'/a
5'A
117
19%
20
84
22%
*48 Va
4%
100
Sugar
19
Feb
97 %
41 Vb
24
% Feb
Jan
96 Va
41
24%
h
Jan
*114
52%
96%
49
•"
11,000
*16%
Hall (W F)
10%
51%
24'A
preferred
lu7a iiita
39%
51%
5
preferred
conv
75% Jan
12
51
18%
Aircraft Corp
2
Jan
51'A
22%
49
5'A
5%
117
*81
84
22 Va
49%
■'
y
18 Va
18'A
18%
23
95
4%
preferred
10
89
*114
19%
18%
—
Jan
X85
5'A
5%
117
20%
*17%
Mobile &
$5
uuii
V
20
*81
*93
"
$5
5
*5%
22%
*48 Va
50
*114
84
*81
84
23 Va
18 Va
95
16%
Tap & Die Corp„No
14
30
*93
18%
18
18%
20%
No par
conv
Guantanamo
22%
*48%
95
*93
<5
114'A
*5'%
Common
57% Feb
Py
share
for
4%
preferred
Grumman
*81
84
50
25%
Grecu x>ay m western
Green (H L) Co Inc
Greenfield
17%
22%
22%
*43
5%
*92
/v
18 VB
*81
50
5
Ry 6ft
Great. Western Sugar
Sep
108
the Week
29%
29 Vb
29%
30
Sales
Feb. 20
*15%
Co common
cum
Dec
42%
21%
Friday
Feb. 1!)
S per
$ per share
$ per share
29 %
95
17%
No par
Grayson-Robinson Stores
16 Va
Dec
Thursday
Feb. 18
*96%
preferred
76%
May
PRICES
SALE
Wednesday
Steel—,
City
Dec
35
HIGH
97
20
12
x95
AND
2,400
42%
132% Feb
Dec
103%
10
*95
No par
16
Dec
80
97
com
10
Dec
*76
41 Va
9
Feb
May
80
98
22% Jan
10
90
*76
41 Va
No par
14% Feb
22
80
51
No par
12
*25
*76
*97
pfd
21% Mar
4% May
80
98
22%
42%
Prop
51
-
10
*76
Feb. 17
Co
Union
13%
v.-
89
98'/a
Northern
Dec
.,
*86%
98
41%
Nothern Iron Ore
27
May
22 %
89
98 VB
Gt
95
,;..6
23
*86%
98
98 Va
Gt
12
Dec
23
89
41%
9
May
75%
23
*86%
*97
5
Jan
160
*93
x22%
93%
13% Jan
Jan
28% May
6% May
700
41
42% Jan
6 Va May
31% May
57 Va Apr
;
*93
700
23%
*97
19
77
8%
.
98
Tuesday
*92
84
114
par
11
33% Jan
33
190
27
*22%
22%
To par
22
144
105%
*93
27
27 Va
78
28%
21%
*5'A
Jan
13
Dec
22%
1,200
114
23
23
20%
36'/a Feb
22
May
*27
600
25%
113
89
*93
$ per share
17%
21%
100
20
Feb
Feb
4% May
-
23 Va
25%
25%
*86%
22%
Feb. 1(1
.
yy'95
17%
*43
Motors
Grant
Jan
17
V
23 Va
23%
114
1
Hosiery
29
29% Feb
92
27
23
•
600
3,800
No par
com.,
preferred
•26% Jan
35% Aug
v
V
27
23
25%
114
24
No par
Graham-Paige
Oct
y
27
.
Monday
V
28'%
*81
No
Tire & Rub
9
*90
'
No par
preferred
Goorivear
Jan
/
5
Co
com
16
27% Mar
July
28
1
(B F)
meyiiound Corp
9
23
1
Va
114
24
88
22%
'
t per share
No par
10
Feb
Jan
22«/a
Saturday
Inc
24
70
22'/a
*'
26
Va
23%
27
27
27
1
5
Co
Jan
163%
*23
24
*23 Vt
24
25%
Telegraph
Granite
49%
May
29%
2
Stock
A
16
,17
•
Dec
59
Jan
44 Va Jan
101
Gold
21% Jan
Dec
133
100
Goebel Brewing
11
12
1,200
18,800
128 Va
4%
No par
Feb
Feb
20
800
2%
1.2
11%
24
No par
50
18
Feb
34% May
12
*125%
113Va
com
Oct
14%
2%
11%
4%
24
25
Granby Consol M S <fc P
37%
2%
11%.:
128 Va
com—No par
Grand
Dec
*2%
2%
11%
LOW
7
May
14 Va
2%
1,200
17%
*14 Va
2%
Feb. 14
2
28
17%
14%
*4%
STOCK
Jan
107
17%
*14%
113
com—
33%
Dec
17%
14 Va
11%
2i
35,700
500
17%
2%
26%
14
9
600
2,000
52%
120
Va
17
14%
117A
22%
25% Feb
90•
13%
2%
26%
Jan
,j 33
13%
11%
*22%
21 Va
12% May
23% Dec
13%
2%
20
41
Jun
13%
25
preferred
Feb
8Va
14
114
common—
(The)
cony
33
May
13 %
112%
$4.50 preferred
Glidden
124
3
94%
52
24
100
Brothers
Dec
61%
94%
119%
*125%
Par
Jun
106
94
*24%
preference—
conv
21
104%
53%
119%
53 Va
10c
$ per share
21 Vb Feb
Nov
58
52%
93%
11%
com—No par
Razor
400
100
Corp
YORK
420
97
119 Va
1
Co
119%
*95 Va
par
No
No par
Corp
119%
*14'A
17%
14 Va
97
'
Jan
26 Va
17'A
14%
STOCKS
2
103
Dec
51 Va
*
13%
17
120
*95%
94
2%
5%
EXCHANGE
Gimbel
13%
13%
•
120
pfd_.No par
$6
Rubber
Safety
93 Va
93 Va
97
94
*119%
120
*119%
119%
52%
52%
52
120
11%
10c
93'A
*95 Va
93%
xl3%
.*16%
1
Corp
93%
*l3Va
Corp—No par
119 Va
97
52
*119%. 120%
93%
120
97
97
51 Va
51'A
*119%
No par
119
120%
119
98Va
78
2
93'A
93'A
88
21% Jan
*91%
*91 %
42%
87%
14
35'A
10
.78
17% Feb
34%
*92
*86
Feb
35 Va
42'/a
*74%
30
34%
10
100
May
35
26,100
7,300
42
100
17 Va
32%
10
preferred
$5
32 Va
10 Va
preferred
Gillette
33 VB
42
3%ft
6
40
32%
10
16
2
900
33'/a
34 %
<
100
21
144
41%
*Fcb
94'% Jan
35%
21
144
10'/a
78
36% Jan
*33 Va
21%
144
3,400
42'A
23
13
35%
21 %
144
10Va
76 %
32%
'•
93'A
72 % Jan
13
*33%
22
144
9%
10
Feb
share
*75
42
98
Feb
10'/a
76%
22
400
10
10
*75
35%
*33%
'
10
10%
10 Va
*142
22
143
*10
10%
76%
9%
35
*141%
143
*10 %
*75
76%
21%
92
Nov
$ per
10'A
92
81
92
10%
9 Va
10
preferred
27% Feb
10%
93'A
4V»ft
Jan
180
35%
7
Dec
150 Vb
34%
2
36%
150 Va
35%
Jan
$ per share
150'/a
34%
Jan
105%
150%
35
28
Dec
150 Va
33%
89
23Vb May
150'/a
33
14
I'90
150 Va
33 'A
10
$ per share
150%
32%
Feb
NEW
1,200
32%
22 Va Feb
Highest
9%
35
85-
Range since Jan. 1
100
*9%
36
21%
Feb
Lowest
800
9%
76%
Jan
Highest
100
51%
105
9%
*32
108
Year 1947
103
*99%
42
Corp
Instr
Range for Previous
*103%
9%
*75
Dec
Lowest
51%
104'/a
100
Cement
Castings
&
51%
104%
9%
76%
No par
Equip
Telephone
Tire
51%
104
9%
36
141%
103
103
52
105
400
9%
10
21'A
*100
*100
52%
*32
85
Gen
*52
*103%
32
*103%
103
*100
>
10
Refractories
4%ft
32'A
20'A
*12 Va
41 Va
com
Utilities
Time
31'A
19%
12'A
10 Va
.
Shoe
31'A
20%
41 %
Service
Steel
Gen
30
10%
.
9,200
12 >/a
9%
144
200
300
6%
20'A
*9%
*141%
6
6%
6
100
19
41
Realty
110% Feb
52
21'A
19
30
lo
21 'A
19 Va
*18%
12'4
101%
52
11%
101%
*75
•
13
20%
19
9%
*12%
31
*30
1
.
13 Va
6,500
19
*10
Signal com
preferred
& Utilities—
6ft
Gen
6'A
150%
*91%
Railway
140
5%
>•?'
1,100
7%
7%
*18%
1
series
Portland
General
5%
5%
7%
19
No par
Advertising
31%
/
May
95
Outdoor
Gen
5%
5%
*75
No par
Corp
Corp
$3.75
4%
3% May
18 Va May
101 Va
Motors
preferred
16%
Dec
125
General
19 Va
105
9%
150V8
,
347/a
preferred
51%
*18%
9Va
32%
preferred
120%
19 Va
*103'A
9%
No par
com
common
conv
* 18 Va
r
18%?. 18%
7%
100
Instrument
3%%
13
150
No par
Co
Corp
Mills
13
9%
*9%
100
preferred—
Feb
*12%
52%
150
2nd preferred
50
Cigar Co Inc com—No par
preferred
100
4C Va Feb
13'/a
101%
9'A
General
7%
*12%
104 Va
5
preferred
35
33
160
34%
*99%
conv
Feb
Dec
13%
19
*51%
No par
Corp com
Dec
*12%
11%
*103
No par
„
Feb
*18%
31
11%
Amer Transportation—5
pfd series A__
No par
General Baking Co common
—5
Jan
47%
*29%
?18%
$4.25
14%
Sep
—50
General
137
23%
*5%
1.66%
$4.50 preferred
Jan
7%
19
7%
*7%
8
8
*18%
18%
5%
com—1?
8
7%
19
*18
:
Investors
■.:
8
8
8
*18%
7%
7%
13Va
1
8
-
19
"12%
com
preferred
American
18%
Apr
Inc
-
*18%
No par
Co
7%V.
7%
•
7%
'
19
No par
Industries
conv
7%
19 '*"■
7%
20-
■.
(The)—
83% July
May
37
Feb
Oct
13%
Dec
8
71
Jan
Dec
58%
Oct
149 %
109
102
I t
com
preferred
4%%
~
;.v 14% May
10% May
(Robert)
*7%
———1
•—
10%
21
18%
*6%
7
6%
5
*24%
25
24%
25
15
*75
7
7
7
7
7'A
21%
22
84
84
83
25
*37
33
"* *37
'r«r
q7
*96'%
97%
22%
*145
27%
*6%
*75
*67/B
7
103
*ipi
14%
103
14
14
*13'A
86
102 Va
*22
22%
22
22'A
148 %
*145
148%
.
*145
148 Va
27 Va
400
6%
7
27%
*6 Va
6%
300
76%
75
75
*74 Va
76 Va
7'/a
7
7
*6%
7 Va
500
7 Va
7 Vb
nl
7 Va
7,600
7 Va
•
24
*23%
24
24'A
23Va
22%
*22 Vb
22%
*83
84 Va
e83
84%
•**83
37%
37%
*37
38%
*37
38 Va
*97 Va
98 Va
*98
98%
*98%,
99
97%
20
6%
*22 Va
97%
60
v
1,300
27 Va
83
38
200
21 Va
28'
22 %
*37%
•t
102%
22%
24'/a
24
400
86
83
,
100
14
22 Vb
38
22'A
*101
14 Vb
24 VB
83
*22
7
76%
7
100
,
28%
*86
*
22%
..
20
1,900
22 Va
84
500
...
.
70
100
60
18
COMMERCIAL
THE
(858)
FINANCIAL
&
CHRONICLE
Monday, February 23, 1948
NEW YORK STOCK RECORD
STOCKS
Range for Previous
Year 1047
Lowest
$ per share
49
Lowest
$ per
$ per share
%
Nov
68
Jan
140'/2
Dec
165
Jan
14
% May
50 % Sep
22%
$ per
share
51% Feb
Jan
55
9
29%
19
Helme
Hercules
Hercules
Feb
47% Feb
53 % Jan
121% Feb
128% Feb
Sep
Sep
xll7
Jan
Jan
21
Feb
4
27% Jan
20
x20% Feb
38
Oct
134
20
Sep
29
V3
5%
Powder
preference-.——No par
Hewitt-Robins
Inc
——5
$4
Heyden
3%%
Feb
81
Chemical
17
ln%
Deo
12% Feb
20
14% Jan
Hilton
33
Dec
28 % Feb
16
30 % Jan
Hinde & Dauch
Apr
21% May
X29%
Nov
20% Feb
19
25 % Jan
Hires
31%
Jan
21V8 Feb
5
26% Jan
Holland
14 % May
20%
Oct
13% Feb
11
15
Hollander &
Jan
cum
Hotels
Co
!
100
—5
Corp.
(C
E)
(Del;
Sons
May
25
Jan
15 % Feb
14
18% Jan
19
Holly Sugar Corp
35%
Jan
48
Jun
38% Feb
11
41% Jan
10
Homestake
30
Nov
36
Dec
26% Feb
11
(A)
—10
•„
2
Hooker Electrochemical Co
13% May
19%
Feb
14% Feb
17% Jan
5
Houdaille-Eershey
44
Dec
56
Feb
39
Feb
46% Jan
14
28%
Jan
Oct
29% Feb
34% Jan
2
85
Dec
105%
Sep
89
91% Jan
23
37Vb May
16% Jan
45%
Jun
38% Feb
28%
Dec
20% Feb
20%
36
Dec
29
31 % May
3
7%
7% May
Jan
42% Jan
5
28% Jan
11
12
$2.25
Household
3%%
19.
Feb. 11
22
9
Jan
31
35% Jan
2
Howe
4% Jan
2
6 % Jan
29
12% Jan
21
13% Mar
Jan
of
Oil
Sound
Hudson
5%
7
Feb
34% Jan
20
38 % Feb
2
21%
Oct
15% Feb
11
21 Va Jan
15
15 % May
30
Jan
15% Feb
13
18
Jan
5
Hunt
Feb
3% Feb
14
4% Jan
2
Hupp
39% Aug
32% Dec
32 % Feb
11
35% Jan
5
Idaho Power Co
27% Feb
U
32% Jan
2
Dec
62% Feb
11
72
Jan
9
6%
7%
Foods
Ltd—No par
6.66%
Inc
16%
16%
17
38%
38%
39%
39%
40%
27%
28
28%
28%
14%
28 Va
28%
14%
14%
14%
39
39
29%
30
89 Va
89%
*90
X39%
•
14%
81
:
12%
12%
29
21
*22
22%
21%
22%
600
1,900
100
14
13%
*13%
17 %
17 Va
17%
17%
2,600
41
40
40%
5.500
28 V2
28 Va
293
*38
29 VB
89%
1,100
39%
200
29%
29%
90
700
14%
14%
39 %
*29%
4
28'A
28%
14 Vo
14%
*38
91
'
1,500
91
*89 %
160
40
39
40
*38%
39%
38 Va
38%
22%
22%
22%
22 Va
22%
2 2'/a
22%
22%
22%
19 %
20%
19%
19%
*19%
20%
*19%
20%
19'/a
20%
33 Va
33%
33%
34%
34Va
34%
34%
35
34%
;*5,%
20 Va
33%
5%
N
'
21%
40
5%
5%
5%
5%
5'/a
*
'
10
10%
36
107/8
*36%
*10%
V
10%
40
5%:
10
10
-
5%
16Vb
15%.
*9 VB
10 %
35 Va
16%
15%
15%
15 Va
15%
15%
15%
15%
1,200
3%
3%
3%(
3 Vs
3%
3%
3.0Q0
33%
16%
15%
15%
3%
".'15%
3%
."-3%
.
1,900
35%
16%
3%
3%
33 Va
28%
;
2,500
5 Va
16
35%
35
16%
300
34Va
5%.
16 Va
Va
16%
15%
16%
.
1,300
2,700
'
•
35%
"
;
'
.V 36
60
5,700
> ,>r: 400
*28%
40
40
29 Vb
81
;
12%
1,800
'
29 ;
13%
14%
*38
19%
22%
22%
15%
*21
40
*39
40 Va
13 Va
Corp—
16%
38 Va
*13%
29%
36
16
No par
Car
Motor
16
27 Vb
*10
Illinois Central RR Co common—100
64%
3% May
Hudson Bay Min & Sm
Hudson
*21%
13 V«
v
90
*5%
preferred——100
non-cum
9% Jan
43%
22 Vb
*13'A
14
90
33%
May
20%
22 VB
13%
22
29%
,*19%
common—100
12 % May
33
22'A
221/2
12%
*28%
.24
30
1.
.
——,
22%
22
12%
28%
28%'
90
300
21%
19 %
>
81
81
22%
xl2%
13 %
90
5'
Corp
Co__
Manhattan
&
81
12%
28%
*39
21%
No par
vtc—-25
Texas
Stores
81
12%
60
300
120
x21%
20
;.*28%
300
3,200
29
29
119%
"
22
20
12%
*89Va
100^
81
22
20
28'A
*29 %
No par
com
Houston Light & Power—
Houston
33
Feb
Finance
preferred—
81
23%
19 Vb
*15%
14% * 14%
*38%
41
—50
*22
20
21 Va
*
14
27 Va
5
>
No par
com
preferred--.
conv
Howard
Feb
38% Mar
May
35 % Jan
22
20
120
47%
121% 121%
29 Vb.
>120
>
15
47%
48
*29
122
*22%
21 Vb
15%
15%
*38% ' 38 %
——12.50
Mining—
30
*28%
*120
400
143
14%
123%
123%
52 Va
52%
15%
47%'
49
124 %
Shares
*140
143
*15 VB
12%
■
24
21 Vb
28 Va
122
*21%
83 Va
*48%
*123%
52%
52%
*140
15%
28%
12%
28%
*13Va
49
124%
*120
20%
*81 >
12%
1
5
5
The
Furnace
""
; 22 u>
X20
—
__
30
52Vij
*15
for
the Week
$ per share
S per share
143
*140
15%
49
120
*52
52%
*123%
V 28%
*21 Vb
22
*28%
*22
Paper Co——10
49
120
—
52%
*15
Feb. 20
Feb. 19
$ per share
Sales
Friday
Thursday
Feb.18
*140 > 143
125%
v.
*28 Va
30
*21 Va
:":•
:
PRICES
Wednesday
$ per share
15%
49
.125
125%
SALE
Feb. 17
■
52%
143 V;
*14%
119
1
Corp
preferred
Feb
Jun
'
119
conv
*52
*140
15%
49
*27%
Hershey Chocolate com--
Jun
17
No par
Jan
10%
22%
- 49
*123%
Jan
26
81
*14%
100
—
30
21
51 %
143
*140
No par
common
121
27% Feb
$ per share
51 %
100
No par,
HIGH
"Tuesday
/
Feb. 16
Sper share
25
preferred
Motors
preferred
Monday
Feb. 14
common
non-cum
17 Vb Jan
Mar
Dec
(G W)
1%
142% Jan
63
118
Saturday
Par
Jan
134
Dec
LOW AND
STOCK
share
14% Feb
140
Feb
YORK
EXCHANGE
Highest
19% Feb
126
NEW
Range since Jan. 1
«
Highest
,
35%
,
*9%
700
;o%
35
35%
4 600
10.800
I16
1
I
30
May
18 Va May
37% May
20
non-cum
93
Jan
97
::
Aug
96
Jan
15
96 % Jan
2
Leased
15
Jan
26%
Dec
24% Jan
22
28% Feb
2
RR
Dec
9 Va Feb
pfd
conv
lines
stock ctfs
11
11% Jan
2
Dec
12%
30'/a
Jan
20% Feb
17
22Vb Jan
9
Indianapolis Power & Light
Jan
17
July
14% Feb
11
15% Jan
28
50
11%
x35% May
Industria
Electrica
O
Dec
39
Feb
10
49% Jan
5
Industrial Rayon
107
May
136%
Oct
119
Feb
20
130 Va Jan
9
Dec
180%
Feb
150
Feb
10
153
Feb
10
Ingersoll-Rand common—_—No par
6%
preferred—i
—100"
33
Apr
42
12% May
6% Sep
17%
9
40% Jan
2
15 % Feb
11
17% Jan
2,
Inspiration Cqnsol
Feb
Jan
100
Feb
7
% May
Jan
•
.
9
Insuranshares Ctfs
11
46
Jan
5
Interchemical
1.8
103
Jan
8
11
2% Feb
15% July
7 Vb Jan
11 Vb Feb
11
10
July
80
4% %
Intercontinental
2
Interlake
14% Jan
Int'l
Business
10
Int'l
Harvester
Dec
186%
Jun
163% Jan
6
167'A Feb
2
6
May
10%
Feb
5% Feb
11
6% Jan
7
22% May
34%
Oct
23% Feb
11
33 Va Jan
76
96
Jan
74
Feb
Dec
5%
Feb
3 % Feb
36%
Feb
25% Feb
20
130% July
137
5
9
2
136% Jan
21
59%
Dec
Jan
Oct
44% Feb
20
53% Jan
2
Sep
88% Feb
20
96 Va Jan
4%
9
May
16
104
Dec
116
preferred
Paper
2
13 % Jan
7
13
107 % Jan
29
24
54'/a Jan
29
45
Dec
41% Feb
14
45
Jan
12
International
56
Jan
5
34
5%
Oct
45
Feb
11
Feb
32
\ Feb
10
17%
Feb
11% Feb
11
17%
Feb
26%
Feb
17% Feb
14
21
Jan
2
Interstate
27%
Oct
22% Feb
13
25% Jan
5
Co
29 '/a Feb
18
30% Feb
13
Island
137Vb Jan
16
19
$6
'
—
Jan
158
11% Feb
——
Aug
11
7%
24
140
Jan
100
Jun
13%
Feb
19%
Dec
24 V2
104%
Feb
7% Feb
.6
83 "
Foreign
Jan
39% Feb
104%
Sep
92
Jun
46%
Dec
125 Vb
53
Feb
13
93
Feb
2
Oct
34% Feb
10
Oct
100 % Feb
11
20% Feb
19
41% Jan
111
..,
Jan
2
9
3%%
Johns Manville
3%%
24%
Sep
98
Dec
112
Jan
100
Feb
10
102
Jan
12
Dec
151
Dec
145
Jan
29
152
Jan
6
Joliet &
Feb
"29% Feb
11
5
Jones &
34% July
39
26% Jan
34V4 Jan,
5
4%
45%
44%
45
90
88%
88%
12
136%
11%
11%
*11%
103%
103%
*103%
105
53%
*52%
54%
*52%
42%.
42%
42 %
46%
46
46
*45
46 Vb
32
32
32
*31
32
12%
12
12%
IV.
12%
v
500
12
103%
53%
70
15,900
V2
12
12%
12
12%
42
.
.
45
50
45
*31
32
12%
12
600
400
42
12%
12%
12%
42
42%
12 Vb
.
53%
3,700
700
200
12%
12%
12
22 000
4,500
18%
*17%
18 Va
*18
18%
*17%
18 %
*22%
23%
*223't
23 %
*22%
23%
*28 Va
28 %
'29%
29 %
29%
29'A
29 Va
29%
29%
29%
*140
144 Va
,*140
144%
Saturday
,,
Monday
7%
v
*19%
*91
•
:i._No par
com
preferred
par
.—.—100
common_„12%
2nd preferred series A____ 100
Chicago RR stamped
100
Laughlin Steel com_.No par
Dec
101 Vb
Feb
.83% Feb
6
Jan
13
Jan
40%
Oct
;31% Feb
11
40% Jan
2
Joy Manufacturing Co.
Jun
22%
Feb
14';' Feb
11
17% Jan
2
Kalamazoo Stove & Furniture
90
17
93% Jan
13
5%.preferred series A
40
40
*100 V
>
21 %
,*100
*140
92%
35
35
,
7%.
-20%
92%
"90%
100
Corp com—:_Nq
86%
r
101
21%
32%
>
Tuesday
Feb. 17
V
*140
•
153 <'
J4Q
•.1»|40>:'? 145 - •>
.30%'■' v29%'V-'30-:V
>
*A5
85Va
34%
33'A
33%
.
i > '
32%
33%
144%
7Vs
7%
20%
20%
,:
7% iv
*91
>
35 Va
'
92%
50
.
6,900
>
102
500!
21 "2 V
*100
*140
145
90
1,600
36'A
102
*21"
-
" 101%
■>; 29%
100
'
39%
21"
203b
1,800
20%
39 31
36%
145
Shares
92
92'a
36%
■
7%
•
*20%
92"
>102%; 102%
*100
■
40%
>*91
•
■
for
the Week
92
40 Va
•
Sales
Feb. 20
'$ per share
share
>91
1,000
101 Va
•
150
30 Vk
29%
29%
85%.
85%
/ *85%
86%
33 Va
,*85V'86
32%5''33Vb
1,900
Friday
Feb. I!)
S per
$ per share
* M(l •• •»:• 153 '
- - v
>>30;^%30% •>■•
•V*84 Va86
v
*140
Thursday
Wednesday
Feb. 18
$ per share
144 Va
100
30
PRICES
.
•a ^*
30
85
SALE
>.'^•'7'v
7% 7%
i ■*20 V*'.l 20'% : %
*20 •- 20% " . :
*20%
20%
C;.; \v9L%-%91 % • •'92Va •' 92% •>.,: ;;92%
92Vi
r"-- 40 '•
40.%'
40
40
•
39'%
40
•','.••■ *90% > 92Va ,-• t >j 92
92 % <
*9034
92 Va
V. ' 35 t. %36Va-36% >37.36'%
37- :••;
V>101,av lOl V'-V 1021 .102 '■?
.
*102«f
102 Va
J-V.v. 2i '
' 21- -J2T. : • 21
C *21 s-"
21 Va
V*100
101'%
*100 / 101 '/a
*100
101%
153
85
_—1
'■
HIGH
,
101%
-
'I 29%
..—1100
v.''
$ per share
f 44 Va
*140
144%
AND
Feb. 1(5
$ per share
30
*140
,
Feb. 14
-25%
89
45
*88%
136
23%
1
Johnson & Johnson
136%
103%
LOW
preferred—
*136
*18
STOCK
cumulative
600
18.300
53%
105
>30%
12%
200
3%
25 3 4
*22%
Co
Inc
76
3%
25 Va
18%
l
Co
3%
26
23 Va
Jaeger Machine Co common—No par
Jersey dent Pwr & Lt 4% pfd__100
Tea
*74
76
*18%,
Jacobs
Jewel
4 300
*22%.
3
30
24%
17%
2
44% Jan
24%
23%
9% Jan
18
*11 Va
270
2.500
17%
Par
(F I)
11%
8 100
.'5%
*22%
EXCHANGE
92% Jan 30
.
89 V2
166
53i
No par
com
YORK
45 %
89%
165%
,r.No par
neHv.
50c
Stores
preferred
NEW
45
3.300
3.000
86
46
47%
".>12
'
25%
89 VB
12 'A
25
*3%
3%
26
2,000
137%
41%
32
,V 11%
*74
74
3%
25 7 a
100
290
2%
84%
6
24%
24%
45%
42 Va
*30
74
.
3%
11%
*46 %
Coal
74
*52%
12
24%
3..100
12
165%
5%
6%
43
'
136
12'A
164
136'%
42
11%
25
*103%
46
11%
G
*136
11%
32
Dept
165%
6
136%
52%
11%
46
*
164%
2,300
100
2%.
2%
87
Va
104%
41%
2%
2.100
15%
100
139
26%
52%
*
.
2%
10
36
4
6%
'•
100
500
156
1*41
43
100
1,800
119
119
*152 %
7
•
*41 %
11%
.
11%
54
*29'%
Creek
145
27% May
'
*634
,
6
*103%
11%
6%
42%
45%
89%
25
20% Feb
5
Dec
25
common
$ per share
5
19% Jan
v.
Jam
39% May
104%
*52%
41%
15%
80 Vb
45%
89 V3
•V
Telep & Teleg_.No par
share ctfs
No par
Lowest
$ per share
July
Dec
*103'%
preferred
Range since Jan. 1
.Highest
Highest
$ per share
.80%
89%
45
15%
84%
*3%
STOCKS
Year 1947
t per share
44%
*88%
*11 %
15%
165%
74
45
15
1534
136 Va
x26
*135
35 3
12 Vb
24%
136 Va
36%
83 %
6
3%
*135%
11V8
137
42
41 Va
*35%
137 "2
165
-3%
417'B
121%
152%
82%
165%
26% .* 26 Va
...
41%
121 %
152%
100
2%
12%
42
12134
36%
6%
3
9Vb
9%
156
42%
84
24%
1,900
14 3i
100
138
*70% A 74
26 %
6%
83
24 Va
800
21%
41%
43
xl37
6,-
9%
21 VB
*14'/a
121%
101
83%
>
9%
21 Va
1434
15%
12
24%
24
International
Range for Previous
Lowest
12
134
%
6
.No par
No par
International Silver
28
14% Jan
•
r
11%
700
21%
15%
2%
1
*14%
36
*6%
27
9%
*152
*41 Va
131%
••'
800
97
*26
»
14%
36
*100
3
165
6
com
Intertype Corp
Apr
37
164%
6
Shoe
40
108%
164%
preferred—i
63%
89
100
Int'l Rys of Cent Amer com__No par
9% May
9% May
6%
82
International Salt
40 % May
32
Jun
143%
81%
11%
No par
10% Jan
May
2%
2%
131
preferred
52 % Jan
19
<
-
42 Va
*41Vb
*100-;, "101 Va-
135%
103 % Feb
20
2%
135%
Feb
24
6%
v
r
42%
101%
74
Feb
Jan
6%
7
*41 %
,27
21 VB
155
15%
3%
Feb
14 "A Jan
15 Vb
*70%
58%
'
15%
3%
26%
Jan
37 V3
15 Va
—100
$4
41%
'
*95%
97
*26%
9%
123
*152
*95%
••
27
*14
14%
.123
97
21 Va
21%
41V?
123%
155 A
.
*95%
V 27
>:
10.
;
*14
■>'*' 35%
International Mining Corp...
1
Nickel of Canada com..No par
Preferred
100
International
10
20%
•
36%
11%
.
27
35 %!,
130%
81 %
J
Apr
46%
123%
No par
preferred
97
26%
35 %
*100
Int'l
15
135
1
100
Int'l Hydro-Electric Sys class A__25
Int'l Mining .& Chem common.,
5
20
Jan
107%
38% May
94 %
Dec
Jan
4
.
11
Dec
78
28 Va Jan
9
3%
25"%
8,
7%
18,100
67%
?95%
14%
•
-*152
new.No par
common
28%
67
15 Va
*6%
No par
Machine
1,100
27%
67%'
40% v 41
41
155
No par
19
92% Jan
139
163
Dec
Rubber
33%
28%
67 Va
*33
•
21- •'
•
*14%
33%
28
66
9%
,
>21
••
33%
28%
66
35 %
No par '
.
?
'124%
*151
20;
—z
com.
Iron
Feb
U
Feb
Inc
Corp
preferred—
6
3% Jan
20
125% Feb
95
Copper—-
14%
33%
28%
67
26%
•
9%
9%
20%
*123
No par
Feb
40
Mar
Steel Co
Feb
6% Feb
50
May
70
13
108
Dec
3
Feb
Inland
35
Nov
8%
35% May
100%
Oct
* 9%
33%
29%
*66
\
97
'
•'26%
26%
*39 Va
1
66
•'*95%
97
20%
169
29%'
66
*14 %
A
33%
28%
;
65
26%
No par
De Mex, S
33 %
1
.
28%
65
*95%
—100
4%
33%
28
series A———,1000
Illinois Terminal RR Co
——5
7% May
x21
*32%
A_100
ser
34%
33
9,200'
V
20G
33%
4,100
14%
300
K
14
Kansas
94
Dec
16
May
29%
47 V
May
58 % July
13:
May
18
Nov
20:
May
26%
Feb
Jan
21%
Oct
17
Feb
13%
108% Mar
Dec
Feb
29% Jan
2
11
54
Jan
5
15% Feb
14
16% Jan
15
Kayser
20% Feb
20
24% Jan
10
Kelsey Hayes Wheel
10
21% Jan
2
Class
Kennecott
Jan
42% Feb
13
49
Jan
2
39
36
Feb
13
43
Jan
31
49%
Feb
27%
Feb
19
Dec
103
Apr
Dec
116%
11% May
65 % Jun
Feb
11
Feb
92% Feb
20
103% Jan
2
20
Feb
11% Feb
19
13% Jan
17
85
Jan
Feb
19
75
38Vb
Oct
29% Feb
II
102 % Aug
40
Oct
91% Jan
5
67%
23
Jan
8
Kansas City Southern com
4%
preferred
(Julius) & Co
May
Dec
2nd
conv
38% Jan
Jan
Feb
13
2
Kresge
59
Feb
45% Feb
16
50
Feb
3
Kress
Apr
52%
Oct
41
13
46% Jan
2
32
Feb
(S
(S
S)
7
Feb
Dec
14
Jan
&
Dec
44
May
Jun
5% Jan
17
Feb
11
10% Jan
9
Jan
21'A Jan
28
23% Feb
17
Lambert
14%
Feb
9% Feb
13
11% Jan
31
Lane
56
Feb
47% Jan
27
48
Jan
30
May
56%
Feb
391/2 Feb
11
44
Jan
16
21'A May
30'A
Feb
23% Feb
19
26 Vb Jan
2
Apr
95% Jan 51
98% Feb
4
12%
Feb
10
11.
10% Jan
5,
Jun
44%
Jan
31% Feb
11
37% Jan
4% May
1 % May
8%
Feb
4Va Feb
11
6% Jan
9
3%
Feb
1% Jan
2
2% Jan
30
95
Dec
9 % May
30%
35% Mar
14 '/a
May
5%
101
Feb
9
'
35% Mar
25%
Feb
Laclede
Co
Jan"
6
23% Jan
31
37
37
38
19 Va
19 VB
Va,;
,;• 19%
94
94
■-r
*36
*11%
94
19 Vb
*67%
30»A
*67%
30%
94%
*93%>
94
32%
32 Va
34
45 7 a
45%
45%
.•30 Va
94%
95
No par
32
*45 V8
*41%
32
32%
46
45
43 %
%
42%'
-
.
42%
WMS?
pfd
(The).
5
4%
10
*8Va
10
*9
10
22
22VB
23
23%
23%
No par
10 VB
10 V8
10
10
IOVb
IOVb
Tire."
50
*44%
48
*44'A
48
>39%
*97 Va
99
...
& Sons Co
cumulative
Lehigh Valley RR__
Lehigh Valley Coal com
50
10%
24
Jan
IOVb Feb
13
11% Jan
5
Lehn
&
Corp
Fink
2nd
17%
900
43%
43%
44%
44
44%
15,000
*37%
38%
37%
38
38
1,100
500
20
20%
£0
20'A
20 Va
20%
93%
93%
93%
92%
93%
12
11%
11%
*11%
12
67%
67%
*67
68
*11%
*67%
68 V2
v
31
31
•
30%
'
*93%
"j:
94
33
32%
46
46
*46%
*43
43
44%
30%
94
32%
47
4%
2,800
10
'32%
47
47
43%
2,100
1,400
5
4%
80
40
30%
43
,
3,400
500
94
32 Va
-
43
4%
4%
30%
*93%
>>
700
32
32
*4%
2
*30
-
%
40
21%
21%
>■
2
*30
•'•■
v
21%
B%
9%
22%
22%
22
7,400
10%
10%
IO'/B
10
10
*10
*44%
48
9%
*44%
48
40
39%
39%
39 VB
*23%
24
23%
23%
*23 %
100
1,900
1,000
24
*97 Va
99
*97%
99
*97%
99
*97%
99
,
IO'/B-
Va
48
*44'A
*39Vb
10%
33
33%
-
5
5
2 Va
2
40
*30
21%
*21%
IO'/B
*33
:
Vb
IO'/b
33 Va
10%
32%
10%
33
*4%
4%
5
2 VB
5
*9'A
22%
24
40'A
:
32%
32%
5
9%
23%
40%
48
*44%
10%
10 Va
•
*9'A
"23%
5
2
2'A
;
1
2
*30
40
*30
40
21%
*21'A
21 %
21%
5",-:
2~
40
21%
39 Va
IO'/b
32%
"4%
2
*39
21%
400
10'A
*32
4%
;
600
'2
3.700
1,500
800
2,400
40
213/B
8'
700
No par
pfd
(The),:
Prod Corp
10%
2
preferred_.No par
1st
non-cum
10 VB
1
$3
non-cum
39%
50
=.
preferred
50c
22
17%
*23V8
„
39%
99
Lehman
20%
18%
4%
5
4%
*8Va
*97%
5
1,100
15 %
23
*17%
•;'■
'
•
common—
'
44%
4VB
5
15%
15%
*22
18%
x33
22
4
300
23
*93%
No par
i
75 Pesos Mex
preferred
100
Lehigh Coal & Navigation Co..l.IO
Lehigh Portland Cement
;
i...25
49V4 Jan
31%
*42%
3,800
50%
93%
68 Va
68%
29 Vb
*94 %
24%
*49%
15 Va
*37%
11%
68%
40
*24%
*22
94
'
>
92%
*17%
20
30
15%
.
*91
*15%
5,
39
19%
*67 3A
50
43%
11%
12
25'A
50
43%
94
••
95
r
*11%;
24 Va
50
18'A
"
12
25'A
50
'23%
*37%
24
19
14%
25
43%
43 VB
*23Vb
20
25%
50% V
15%
18
;
42%
24
41% Feb
>
39 %
>5% Jan
9i %
15%
18%
>
*23%
Feb
For footnotes see page 24
18%'
3
Feb
15
*90%
*22
21%
21%'
5
9%
*14%
92
'
■
50 3A
15
*90'A
*50
:
15 Va
*15 %
15%
22
com.:
Jun
7% Jan' 31
50%
10
;
preferred—
(James)
3.85%
*14%
90
25
25%
50'A
No par
Non-cumulative
19%
15%
*21
25
42%
No par
Light Co
Rubber 8s
Lees
38 Va May
De'c
Gas
Bryant
4 % %
*49
24%
50 %
42 %
—10
Consolid 6%
Lee
24%
se'r__ 100
Co...
L
11
9
La
14%
90
14%
92 %
"
Kroger Co (The)—i
4% Feb
.
91
•17%
il
Co
H)
\
4% May
91
17 V4
No par
com.
Cumulative preferred 4%
Jun
38
Corp
2
34% Jan
95
1
preferred——100
20
2
*1.4
*90
No par
No par
Copper
Jan
Jan
>
14%
1
Kinney (G R) Co common
$5 prior preferred
Koppers Co Inc common
34
10
5
B
Kimberly-Clark
40%
49%
100
class A
Keystone Steel & Wire Co
45
20%
conv
...
25
90
9
No par
non-cum
4%
*14
100
.
11
52%
,
preferred
49
41 % May
21%
3-8%
23% Feb
Feb
10
City Power & Lt Co—
T
*6 %
67/a
*6 Va
7
6 Va
6%
"6%
6
VB
5%
6 Va
6%
1
.5
42%
42%
42'A
43
42%
42%
"42 %
42
VB
42%
42%
41 %
42
2,400
10 VB
10 %
10 Vb
10 VB
10%
10%
IOVb
IOVb
10%
10%
10%
10'A
1,300
<
*
63
400
•v!•
*?>/
-•
\
Volume
'•/"
r..rv/iv>vr»T'
-\,v: v
\t
•
v.
*1,
-
v
Number 4675
167
<; •.vlwxAVf.-tvv ?"•?
THE
COMMERCIAL
&
FINANCIAL
NEW YORK STOCK
Range for Previous
17
8
1
7
:
^
Dec
78 7a
Libby
Life Savers Corp..
xj.
—5
Liggett & Myers Tobacco com—25
7% preferred __L_—100
Lily Tulip Cup Corp..No par
32% Feb
11
38% Jan
2
11
91
8
Oct
63 "Dec
173% Jan
5
Feb
41
14
87a Feb
Aug
10
r
Jan
u-
% 56% Feb 16
2
Jan
29
10% Jan
5
Jan
11
33% Jan
12
19% Feb
13
23% Jan
9
,101%
79
13
83
Jan
9
10% May
18% Dec
.
Dec
,
Feb
Feb
66
Link
20
58 Ve May
Feb
13% Jan
2
16% Jan
Feb
15% Jan
22
18% Jan
127, May
17% Apr
Feb
23'A
Dec
21'/a
Dec
29 %
39%
Dec
172
v
Jan
Feb
11
68% Jan
5
11
25% Jan
5
19
19% Jan
5
Lorillard
141
Star
Cement
(P>
27
11
23% Jan
14
Louisville
Feb
20
44% Jan
8
Louisville
A
F"b
11
25% Jan
9
Lowenstein
Aug
9<?»A Fob
19
Oct
19% Feb
11
36
Jan
27
40
Jan
142
142
Feb
67c
52% Jan
Mack
21 % Feb
53
Feb
40
29%
Oct
20
Dec
101%
13% May
26%
96% Jan
15
4%%
8
Lukens
33
89
88
167
167
167
167
*167%
170
37
37
39
*35%
39
9%
*55%
*35%
9%
9%
56%
56%
29
9%
56%
28%
*19%
20%
*20
*80
82
*80
29%
-
!
f
88
97a
*167 Va
16%
2,800
48
2,600
8%
33%
34
87
88%
170
*37
9%
1674
47%
9
9
1667a
8%
*33
*166
1,400
87:%
87%
168
5,900
34
1,600
70
170
39%
*37%
39%
*37 7a
397a
100
9%
9%
0%
9%
9%
97a
4,700
57%
57%
58
59
58%
58%
58%
58 Va
1,100
30
307a
30 '/a
30'A
30%
307a
29%
30 7a
3,200
2074
20'A
20'A
20%
20%
20%
2074
20
20
30%
'
.
500
80
80
80
807a
*78%
14%
14%
15
14%
14%
14%
157a
1474
14%
8,200
16%
17%
88
14
14 7s
17
17
16%
17
167a
16%
16%
16%
1674
16 7a
15,000
3,500
*7874
80
400
80
60%
6072
60
60%
607a
611/4
60%
61%
60
61 %
60
60%
*21%
2172
2174
21%
21%
21%
*2174
21%
217a
21%
21
21 7a
700
18 %
18 72
18 74
18 74
18 'A
18%
187B
18%
18
18 7a
18
18 Ve
2,900
1477a
145
100
Electric
pfd
*145
1477a
21%
21%
2172
21%
407a
40%
40
41
20%
2174
Inc
series
*145
14772
—*—50
Sons
&
'145
A__No par
Nashville
cum
*88
87
17
49
8%
34%
*33%
17
45%
88 »/2
34
87
Y
.
17%
49%
49
8%
33% :
87
No par
*16%
9
34
par
i
<M)
Steel
8%
*33
33%
14
Corp..
preferred-
24% Jan
.
17
49'A
9
Shares
..No par
Gas •&
Jan
77o
16%
487a
8%
Sales
the Week
$ per share
$ per share
common—______ 10
Co
Jan
149
6
17
48 74
1
Long Bell Lumber A—
Feb
Lone
16%
48
8%
Feb. 19
$ per share
for
Friday
Feb. '40
Thursday
Feb.18
16%
—No par
Feb
Jan
17l/2 May
?
PRICES
Wednesday
48
8%
preferred_\.u——.100
Inc
18
,
16%
No par
Corp com
Lockheed Aircraft Corp..——...
Loew's
$ per share
*47%
Co^___-._-.^i_i.;__._No par
conv
$ per share
SALE
Feb. 17
5
06-*^———,-^—-No
Carbonic
HIGH
Tuesday
Feb. Hi
7
Corp
CO
Jan
137 '/2
Libby—*—
21
Oct
21%
Oil
3% '/}•
2
79%
-
Belt
Lion
Liquid
29
27
&
Lima-Hamilton
13
28% Feb
35%
McNeill
AND
Monday
$pprshare
Lerner Stores Corp—No par
Libbey Owens Ford Glass
.No par
84
165% Feb
"
■
Dec
93
5
9
;30%Jan
'
T9'/a May
* J
(859)
Feb. 14
.
Par
12
Oct:
Feb
Saturday
.
9% Jan
•
Jan
12%
Apr
24% Aug
-
40%
c37
47
;
13
191% July
Dec
.
RECORD
LOW
STOCK
share
19% Jan
11
8% Feb
YORK
EXCHANGE
56% Jan
20
47% Feb
;
X48
33 V* May
10
$ per
96 %
<
May
,16 % Feb
Feb
Apr
NEW
V
Highest
$ per share
Feb
-
11
29V* Mar
189
25
59%
* May
'78
Lowest
$ per share
"•
May
46% May
Range since Jan. 1
t
Highest
>
CHRONICLE
''
STOCKS
;
Year 11)17
$ per share
#
•■1
■
Lowest
>
com—1
A—
100
Co_
94%
21%
95
20
10
;
»/2
2074
*145
14772
145
*217a
*217a
22
21 7a
21 %
40
407s
407a
40%
40%
21
21%
22
40'A
20
21%
21%
21%
21»/«
*93V2
95
*9372
95
93%
21
20%
21
21
30
400
22
40
21
40 7a
5,000
217a
93%
20%
146
"21%
21 7a
95
21
*9372
145
217a
3,100
20
94
"92
207a
207a
1,900
M
34
Mar
41
Nov
152
41% May
30% May
60
Oct
41%
134 *
99%
>
Apr-
15%
10%
18%
Jun
May
9%
500
v
Dec
3 %
Jan
Feb
10
36% Jan
Jan
2
101% Jan
5
13% Feb
Madison
16% Fab
20
18% Jan
11
12
Magnavox Co
Jan
Mahoning Coal
20
9% Jan
2
Manati
9% Jan
13
Mandel
20% Feb
17
5% Feb
Dec
10
Feb
8%
Feb
16%
Dec
15
Feb
Feb
22% Feb
14% May
39% May
24%
*20 V8
22
*20%
27
Maracaibo
1
6 7«
14
7% Jan
Marathon
6.25
1972
Oil
19
7% Jan
8
Marine
Midland
16% Jan
23
Market
St
14
26% Jan
G
23 % Jan
Corp
Ry
Marshall Field
39% May
Jan
6
102% Feb
2
4 % 7o
2
18% Jan
19
Martin.
10
19% Jan
16
Martin-Parry
Masonite -Corp
Corp
60% Jan
12
10
24
Jan
13
11
33
Jan
9
12
176
Jan
26
42% Feb
89% Jan
16
89% Jan
12
85
13
$3.40
Jan
5
Maytag
43% Jan
21
$3
9
$6
Dec
37% Feb
13
85% Jan
28
Aug
84
97% Mar
Feb
6,
x81% Feb
11
9% Feb
11
14%
Nov
Master
Jun
50
Jan
41% Feb
10
10R% Mar
113
Jan
110% Feb
10
19%
112
77c
Jan
Jan
32
Feb
6
41 % Jan
12
McCall
Feb
25
Feb
11
28% Jen
14
Dec
107%
Feb
88
Jan
5
92
Feb
18
Corp
'
Mar
45% .Oct
18
42% Jan
15
McGraw
May
3«>
T^V)
2474 Feb
11
2iHA Jan
12
McGraw-Hill
46
Dec
56%
Feb
4r>
Jan
23
48% Feb
19
Electric
Mclntyre
,»
Jail
317a Feb
20
34% Jan
12
Dec
1057a
Feb
87
Jan
5
9374 Jan
26
17% May
Dec
25%
Feb
18% Feb
11
217a Jan
7
217a
3172
Feb
19% Feb
11-
24 % Jan
12
16 Va Muy
23 %
Oct
105 72
Feb
88
Feb
20
£?4
Jan
19
4 74 "c
Feb
39% Jan
28
41
% Jan
12
4%,
16% Feb
11
20
Jan
%
May
25%
Jan
20 >A Feb
16
24
Jan
May
24%
Jan
14% Feb
11
18
Mend
73
Feb
527a Feb
10
% Jan
57% Jan
13 % May
19%
Jan
127a Jan
28
14 72 Jan
2
41
4772
Jan.
65%
Jan
43% May
-'
Dec
43'A Jan
13
47%
.Merch
&
Min
9
Merck
&
Co
111%
Aug
ll
10
41 'A Jun
94
Feb
101
6
$3.50
Year 1947
Highest
$ per share
L
12% May
13
Feb
11
lG
Dec
28 74 Feb
11
36
Feb
14
1297a Feb
11
22
1574 Jan
Mar
15%
Nov
Jan
Midland
8r/e
Minneap
Prod
Feb
10% Feb
11
137a Jan
Minn
Jan
45% Feb
18
54% Jan
Minn-Honeywell
Feb
88 7a Jan
5
70%
7
May
15
Jan
L23
102%
28% Mar
7
Dec
57
56%
Jan
99
Jan
2
Dec
11% Fob
20
114 74 Feb
18
Minn
15% Jan
118% Jan
Oct
42% Feb
102
P
Feb
$4
Moline
$6.50
5% Jan
Feb
13% Feb
11
17% Jan
Jan
36
Feb
11
44
-* Jan
5
Mohawk
9
Feb
11
11
Jan
5
Mojud
24% Jan
23
27
517a
8
:May
23% Sep
13%
Feb
32
Feb
1572
>.
Jan
Mission
7%
preferred
Monarch
12
Machine
9
Dec
1774
Dec
13% Jan
21
19%
5
27%
Dec
Feb
19
14%
Nov
11% Jan
23
27%
Oct
20% Jan
22
25
Feb
Feb
19% Feb
Mar
16
Feb
11
61% Jan
10
6
19
Oct
19% Feb
11
;107% Mar-
101% Feb
18
115
27
J<>n
13% Feb
"
86
V2
*81%
9%
9%
19% Jan
25% Jan
88
8672
86 %
9%
7a
A
*3372
34%
*33'/2
3 4 »A
*3372
267a
2774
27%
27%
27%
917a
917a
37 74
3774
*25
26
111
Dec
9%
Dec
16%
Dec
13
Feb
11
17
3774
Jan
44 %
Peo
40
Feb
16
42% Jan
23
Jan,
^ 55 7# Jan
1074
10 Va
10 7a
42
*40%
*11072
2,700
42
112
112
34%
33%
33%
*337a
28
287a
28%
2874
347a
100
287a
3,500
A
•92
92
92
*91
93
*91
93
110
37
36%
36%
*36%
37%
36%
36%
700
*25 Va
26
26
267a
26%
267a
267a
267a*
487a
48%
48
48%
32%
32%
32%
32%
*91
37
7a
*90
91%;-
*90
19
18%
20
*19%
2074
*90
*
18%
20
17%
4
917a
,*18%
19 ~
20
177a
17%
177*
17%
917a
18%
%
18%
*19%
t*
20 74
si.
17'
•
*90
•;
.
177*
*17
19
-
89
*88
89
"88
89
*88
*36 3i
37%
*36
37%
*36
20%
2174
21
1
20%
2074
*15
15%
*15 7a
15%
*53
56 %
*53
56 7a
*13 72
50
20%
14
13%
20 3A
15%
21
17
88
38
"48%
*
15%
55 7a
*53 7a
55 7a
*1374
13 %
13%
13%
*48%
49
49
49
47%
47
4774
48%
48%
48%
49
47
47
47%
48
91
89
89
88
88
pfd.100
18
38
97
18
*36%
96
18
Saturday
17%
*86
18
'■
47%
90
18
*86
"86
90
600
200
18
17%
18
*17%
18 Va
*36%
37%
*36%
37%
37
37
*37
38
200
97
*96
97%
*96
977a
97
97
97
97
130
SALE
PRICES
AND
HIGH
Monday
Tuesday
Feb. 16
Feb. 17
$ per share
$ per share
Wednesday
y/yV,
Thursday
Feb. 18
$ per share
13%
13%
147a
14
14 7a
14 7a
14%
14 VR
14%
13%
40
40 % V
4072
40%
40%
41%
40%
4174
40%
36
*3672
4174.
36
37%
37 7a
*36 7a
130
130%
13072
13
13%
13 74
13
vtc—_No par
<11
*36 72
38
131
*36
131%
13 V2
13 %
132
*13
*36
37%
*131
11%
11%
12
12
12
107a
11-Va
4772
-•47%
48
x47
47
45%
47 %
92%
92%
x92 V2
92%
927a
92%
..No par
*5772
59
60
5974
59%
59 7a
597a
No par
'101%
102
102
101%
101%
*101'A
92
*
1
12
12 7#
'114
115%
*43%
4%
,
1027a
127c
*114
12%
12%
11%
114%
11474
115%
*114
44 74
43%
43%
44
4 7a
4 7a
4%
44 74
47a
44
;•
4%
;
10%
1174
100
~
11%
,
3,000
11
6,300
45%
46
92 74
130
58
5874
1,900
10174
102
11%
11%
*114
115 7a
4%
80
11%
7,100
115%
60
44
4 7a
.
1,700
10174
43%
45
4%
220
13%
92V4
59
*10174
114 72
4%
474
-
46 74
59
,
*13
92 7a
12 %
43%
45
10%
46
1157a
12
4,900
133
-
137a
92
102
*131
133
*13
13%
*92
3,000
377a
•
132
*46%
3
Shares
14%
39%
129%
for
the Week
Feb. 20
$ per share
1,300
Sales
Friday
Feb. 19
$ per share
137>.
100
1,700
1,400
90
39%
Nc par
com
16
38
$ per share
10
com
2,200
16 7a
*53%
13%
47
17%
16
15%
56 %
48%
*96
5
2.400
15%
467a
*36%
par
10
21.7a
21%
21%
:
137a
48%
.
1,000
17 '
88
*53 7a
14
46
*89
par
500
15%
13%
46
•
200
56 7a
"53
13%
48%
1
21%
200
19
19%
*36
36 3A
.1
90 ?
19%
89
38
1,800
*18%
17 74
*88
1.000
32 74
90
>Y
20
20
500
487a
31 Ve
*48
91%
*18%
*36
Feb. 14
Impl
10
*40%
*110 7a
4
2,200
78
3,500
-14%
4,200
100
14%
14%
14%
147s
14%
14%
14%
14%
14 7a
14%
_20
36 7a
3672
377a
37 7a
38
38
37%
37%
*37 7a
38%
38%
400
972
•-97a
9%
9%
974
9%
*9%
9%
9V4
974
1,000
26i%
*24%
25%
*25%
*25 %
26%
*25%
26%
*25%
26%
1.25
*9
—No par
*25%
Co com——5
50%
preferred series A
No par
Ward & Co^—No par
'100
50%
50%
51%
26
*1017a
50
49%
50%
13%
•14,
1474
2572
5174
105
5172
517a
103 74
104
49%
—5
Lines....:
9%
10374
"1027a
*
50%
51%
105
102%
1474
*38
51%
5074
*100
103
51
8,600
105
50O
49%
50
49 %
49%
497a
497a
4974
49%
9,600
14%
1474
14%
13%
14%
1474
14%
147a
14%
8.400
257a
25%
25%
*25 Va
25%
,
25%
25
25 7a
257a
700
12%
12%
12%
127a
12%
127a
12%
12%
12%
127a
12 Va
2.000
233A
24
247*
24%
2474
24%
24
24 74
23V4
23%
1,600
20%
,20%
21
2172
21
21%
*2074
21
9
20%
207a
*2074
20%
1,000
17%
17V4
17'A
1774
17 7a
5
Mullins
17%
1774
17%
16
17
16%
17
2,200
*20 7a
20%
20%
2174
103 7
2174
21%
20%
21%
20%
21
20%
20%
! 7
-2
107%
9%
427a
112
20
430
2372
7 Jan
107% Jan
1
83
23%
5
37
87
*81%
"12%
21
14
16
"867a
83
87 7a
*86 7a
*25%
Jan
16
867a
*81%
89
—
Tool—
Chemical
9%
1107a
26 7a
140
2,700
86
83
*40%
*
175
38
•
'37 74
86 7a
( John.) • &. Co..—.No par
Inc *—.——!
——3
Products Corp..-.——.No par
Motor Wheel Corp..*a„ ___i—5
Mueller Bra^s Co—,
—1.1
74 Jan
11% Feb
33% Feb
107s
175
38
86 %
86
34%
17%
Motor
10
Feb.
86
112
176
37%
88
*81%
42'A
*40%
*110'/2
*175
377a
Motorola
Jan
NoV'i
83
10
42
175
37%
*86'A
87
*81%
83
;T
Mdrrell
108
40%
175
38
2
16
15%
507# Jan
/$3.25
178
37%
*86'A
9
217a Feb
Apr
Jan
Monsanto
•2
May
112:. Jan
2
25% Feb'
35
56
86 7a
83
*175
38
87
38
Inc
Moore-McCormack
Jun
178
3772
87
*88
Montgomery
49% Feb
102
'"10
5072
*175
37 74
87
20
com.—No par
Co
15
27%
178
*36
Carpet Mills—
Hosiery
Jan
25
1.600
*•■•"•• 50
series A—-
.94% Jan
Apr
1,500
28 Va
*1874
10
11-
17% May
14% May
102 V2
21%
287a
*48
.——100
—
RR
48% Feb
27%
500
x21%
28%
91%
Corp_.
Mo-Kan-Texas
Feb
19% May
48 7a
22%
28%
No par
Feb
•
*47 72
22%
28%
LOW
—
Feb
May
49
22%
28
*90
i
Power
63%
97a May
17
487a
22%
28 »A
33%
—
.64%
<•
487a
227a
112
STOCK
M
1287a
May
49
28'A
48 7a
_
Regul
May
49
49
2274
48 7a
preferred
53% Jan
32% May
SS
preferred
Minn
10
25%
1,100
33%
pfd series A——100
Min & Mfg
11
4
&
conv
Feb
Feb
8
4978 May
70
10
St
3.20%
Feb
Dec
3% May
11% May
110% May
Feb
94
Oct
,.
2,900
16
*40%
St Louis Ry—No par
&
14%
Apr
1574
16
48 »/2
com
20
15
1674
22 74
*33
Inc. —.3%
pfd
2,700
" 101
15 72
337a
3.907#
•
16%
48 y4
__
101
320
2372
23%
24 '/a
101
15%
*110 »/2
5
1st
23%
*100
3,900
8,100
6%
15 74
10%
33%
Petroleum
Steel
cum
20
6%
15
15%
48 74
Copper
Mid-Continent
2J°/4
100
19%
6%
15 7a
167a
33%
common—
YORK
.
100
*48
—
__
23%
kio J/2
101
*33
series )
Co
Edison
66%
Dec
24
Jan
41
Miami
2
%
G%
*15
15 74
42
Transp Co.. —No par
114%
Dec
99
>
13
Jan
—
*100
3,900
19%
19%
6%
15%
6
16%
112
Par
137% Jan
156
•
6%
*15
5%
48%
EXCHANGE
467a Jan
Nov
19%
6%
15%
18
share
18 % Mar'
47% May
104
$ per
48%
10% May
6% May
5174
$ per share
1972
20
600
800
6%
6
15%
25%
Mesta Machine Co
NEW
67a
8%
23
1572
38
5
Highest
4574
33
Apr
29% May
136 7a J tin
847a
Lowest
67a
3,100
7%
"20%
23
*16'A
917a
9
since Jan. 1
Lowest
6%
6%
STOCKS
$ per share
*20%
15%
*36 7a
cum
Range for Previous
21%
—5
preferred
Inc
Metropolitan
21%
16%
*9174
No
preferred
Merritt-Chapman & Scott. ..No
8
20 '/a
1574
*2474
27
Jan
8%
7*15
23 7a
1107a
100
common.
Stores
18
9074 Jan
22% Jan
Feb
1st
conv
Mercantile
7%
8%
6 74
101
*40%
*
—No par
series 1
(The)
Feb
37
Jan
57<>
Co
Jan
17% Feb
35% May
Dec
9774
6
(1st
pfd. (2nd
Shoe Corp.
Mengel
7%
8%
'
7.
com^
common—
pfd
530
*450
7%
8%
2874
9%
par
Co_Al__^Y —i-i
2nd
49
11
lO-
Jan
Stores
53
,
44 7a Feb
88 "
103 72 Mar
<
Inc
530
7%
..No par
Robbins
*450
7%
*8%
16%
.1
.r
530
7%
8%
15%
—No par
—
Co—
22%
*100
*450
530
48 »/2
86%
par
Co—
Pub
&
Corp
Melville
5
83
1.200
2874
26%
preferred—
McLellart
10
16
Mar
107a
21%
*81%
Mc-Quay Norris Mfg Co.— —.10
5
20
55% May
10%
28 V2
37 74
com
Porcupine Mines.
McKesson
$4
Corp
preferred
conv
24
50
10%
48
'*86
No par
;
Stores
35
7
10%
21%
*175
preferencfe——No par
cum
McCrory
3V2%
Dec
10%
28
No par
i
Co common——_No
1——No
1st
3372
Jun
10%
48
5
preferred-——
48%
'44
107a
•
100
common—
pfd
cum
May
.
1.800
21%
1
—.1—_
Dept Stores
24
36% Fab
No par
Co
Alkali Wks com.—No par
preferred
May
35% May
■:
:
Electric
Mathieson
3
Jan
17
16%
*16
-
$3.75 preferred
i.No par
$3.75 cum pfd 1947 series—No par
Feb
Feb
82
30% May
15 7a
No par
22%
101
*100
1
_
11
49%
7% May
22%
100
Co
L)
27% Feb
106
40%
No par
20% Feb
100%
16%
6%
47% Feb
Jan
17
20'/a
15'A
com
100
12%
17
19%
6%
1574
100
1274
7%
20
6%
15 74
preferred—-—
(Glenn
%
6%
1,500
101
101
13
17
%
15%
Jan
Dec
88%
Co
19
19%
6
32%
-327a
2,300
17
.
211/2
5
Nov
Dec
.
&
6'A
6 74
33
102 7a
*12%
8%
pfd____100
Nov
85
87
Corp..
priot
67c
63%
88
82
Exploration—'
4674
17 78
*450
5
32%
*101
12%
200
37
145
45 3'4
47
107a
!
530
Manhattan Shirt
20
175
*450
530
7%
15% Feb
Jan
10'A
3274
102
*12%
*36
*141
37
15
.
*46 Va
17
9
35%
190
10
9%
7%
-
Dec
1774
8%
26%
lfc'A July
24% May
32
177s
36%
*141
477a
*101
13 7a
9
14% Jan
Oct
32%
101%
*12 7a
8
20
97
32%
*100»/2
*8%
7
38
145
46
13 74
*7%
Jan
*36
*141
46 74
32 74
1
6% Feb
Jan
*450
37
145
45'/2
10172
31%
No par
19% Feb
111% July
34
26
Co
*36 7s
*141
4572
*12 72
*100
13
17 7s
9%
Co.*»—*_—50
Bros
32
17
1
i__
*
RR
Sugar
13
27%
May
10
44%
102 74
*12%
37%.
145
.*141
45 7a
*100
.No par
*35%
36 %
145
*31
100
A
Garden
(The)
8% Feb
Feb
45
No par
com
series
7% Feb
34%
42
Co Inc
Square
Feb
7
*141
Magma Copper—.
9% Feb
Macy (R H)
4% %
pfd
.*35%
100
No par
11% Feb
Aug
10
com
Inc
Jan
22% May
97% Dec
175
31
100
Feb
Dec
May
14
Jan
Forbes
preferred
Trucks
14 %
32%
19% May
6% May
9
11
MacAndrews
12%
Dec
22%
13
21% Mar
Dec
6
Feb
43% Feb
Mar
111
11% May
16% Apr
455
Nov
;
Dec
$7.
Mfg Co
class; B_*_.1
pr5rciTed__T_:il—L—_—No par
*100
26%
103
103
Munsingwear Inc_i_-J:———_5
•
2
*11%
1274
Murphy Co (G C) common—-—1
"
.4% %
preferred-I—___l___100
*343#
35
109
•1172
33%
10974
34%
10974
.
109 74-
Murray Corp oT America com——10
4% preferred-—if—:
_i__50
.5
13 74
13%
42
40
40
*50
52
13
-_No par
"
-
3474-'
109
167#
101%
-
34%
109
13%
13%
*1172
34%
*10872
1374 '•
102
*101V4
12*
*117a
34%
108 7a
1374
103
104 :;
• :
1,900
60
'
13%
12
*1172
11%
200
34
34
109
102 7a
34%
34%
3,000
*
108%
108 74
13
137a
109
13%
417a
*39
41%
*39
41
*38 7a
41
*5072
517*
15%
12
*39
'
*507#
:;.r 103
*1172
137a
*40
Myers..(F JE) ;saj.:.Bros—
16
*101
117a
51%
**50%
51%
*50 7a
517a
*50 7a
250
1.200
517a
100
N
.
14
7
19
21
>
8 7a
719%
May,
May
29%
30
May
Dec
'.
14
Jan
165
8 74
Feb
Feb
7% Feb
Feb
;
11
17% Jan
2
6
2574 Jan
9
14
9
Nashville
Corp..'
Chatt A;
St
Jan -5
National
Acme
9% Jan 29
National
Airlines—.2—
Co
—2—A.
National
Automotive
17
13% Jan
16
National
17
35
10
National
Aviation .Corp.
Batjtery Co_^_2^—_
5
National
Biscuit
26 % Feb
Jun
1647a Feb
'26 7a. Feb
21
Feb
20
10
10
May
<13%
Feb
6% Feb
'4374
Dec
3374 Feb
10
Dec
14%
Jan
77a Feb
20
15 72
Oct
117a Feb
13
24
11
Jan
30% Jan
169
5
Jan
12
Co
•
' *'
——
5
9
Fibres
1
common
Inc
1
Nat
Bond
&
Share
National
Can
5
National
Cash
7
Nat
137a Jan
2
National
5
9
15%
21%
'24
8
;
/
8%
8
8
9
9
11%
11%
*29%
31%
10
26%
*21'A
Register..___ .No par
*34%
Corp
24
27
7%
City Lines Inc
Container
7 7a
?
1
Co.'
16%
1674
15%
21%
21%
*2174
21%
*21%
2178
*2174
24
25
25
*25
25%
*25
25 7a
'
:
16
1674
7%
7%
1
11%
11%
87a
9
8%
9
8%
9 7#
8%
157a
9
8%
8%
9
11%
11%
117#
11%
11%
25
16
21%
25
8,700
317#
29%
29%
*29 7a
217a
277a
21%
27 7a
*163
2174
7%
7%
7%
34%
34%
347a
7%
12
27%
169
2174
7%
35
27%
.*163
*217#
8%
8%
150
500
9
7,000
2,500
974
12%
11%
12 74
307a
29 3A
29%
300
26%
8,400
12
27
,
27%
*164
28
165%
22
8V4
-
Va
9
30%
169
8%
*29%
11%
*29%
*163
22 74
35
'
277a
165
'
Corp
16 7a
22
'
.4
.No par
*21%
24
_5
——_
165
.
Jan
Jan
41% Jan
15%
21%
1
19
23 7a Jan
v
A
—
11
10% Jan
•
...
Louis. .—100
g% Feb
Feb
For footnotes see
page
,
11% Feb
'
Dec
7%
29
Nash-Kelvlnator
29% Feb
Feb
187
V
24
Jan.
Dec
15% Feb
21
May
33
13
Jun
s
Jan
16%
"■3474
Dec
217a
Feb*'
Feb
34
•
Jan
27
"i
-16'/a
97s May
107a May
24
% '
A.;w'V'
165%
*21%
7%
7%
77a
34%
34%
34%
267#
165
22
21
7 72
347a
34
7%
7%
7%
7%
7%
7%
77a
12%
12 7a
12'A
12 Va
12 7#
117s
12 7a
7%
.
165
4,400
200
217s
600
77a
2,500
34'A
3,800
77a
7%
2,600
ll3/4
117s
8,600
19
*
«lMl1WKW»Nw*|6*»fcfc
»,
20
(860)
COMMERCIAL
THE
Range for Previous
Range since Jan. 1
Lowest
Highest t;
t per share
$ per share
13% May
17%
NEW
LOW
$ per share
t
Y; Sf
STOCK
YORK
})'r; EXCHANGE
Highest
Y Y;1 Y
t per share
'
•,
Fet>
11
Feb
11
13% Jan
2
National
38
Jan
x25
Feb
13
29
Jan
2
14% May
20 %
Jan
15
Feb
13
17% Jan
2
17% May
30% May
14% May
23%
Oct
18% Feb
11
21% Jan
48%
Dec
37% Feb
11,
43
25 %
Jan
V.y
-A V.
National
26%
Dec
96
Dec
25% May
15%
Jan
Feb
11
16
95
Jan
.
5
12
19% Jan
X89 % Feb
Feb
107
5
36%
Dec
29 % Jan
23
35% Jan
2
Dec
190%
Sep
163% Feb
11
172% Jan
Nat Enam
Dec
167
Jan
140
$4.50
14
6%
Jan
Dec
1%
if Dec
Lead
preferred
6%
preferred
134% Feb
19
Apr
6% Feb
19
7% Feb
2
National
15% Feb
11
18% Feb
2
Nat
Jan
% Feb
11
Jan
2
Natl
81% Feb
10
91% Jan
5
National
Steel
Jan
22
22
25% Jan
5
National
Sugar
Dec
18% Feb
10
23 % Jan
2
National
Sep
85 Va Feb
16
94
2
100
Jan
1
Jan
Power
29 Va
Jan
Feb
11
25 % Jan
30
Feb
12% Jan
6
13% Jan
19
Natl
Dec
13%
Jun
11% Jan
14
11% Jan
7
24%
Feb
16
11
19% Jan
6
Nehi
18%
Feb
Feb
13% Feb
16
Feb
107
July
104
Jan
38
Feb
28
Feb
19
106
Mar
87
Feb
10
13
Nov
11% Feb
U
108% Jan
93% Feb
14% Jan
24
Nov
4
98
Dec
11%
Dec
95%
Dec
104
8
Jun
12
May
18% May
80
19
52
3% %
York
11
15% Jan
New York
51% Jan
N Y Chic
& St
11
136% Jan
12
21
Jan
12
Jan
49% Jan
19
50
Jan
19
19
220
Jan
9
290
Feb
Jan
$5
Y New
Hav
Nov
84%
Dec
107
Mar
86% Jan
6
91% Feb
5
N Y Power
10% May
16
Sep
14'A Feb
11
.17 'A Jan
8
N
Sep
25
Jan
Preferred
13
N
80%
Dec
23%
Nov
100% Aug
25%
81
Jan
2
Oct
21
Feb
11
23% Jan
36 Va Jan
87V« Jan 22
6
33%
Dec
53'A
Jan
33
Feb
20
56%
Dec
64'A
Nov
55
Feb
18
61% Jan
5
26
Dec
30%
Sep
26 Va Feb
17
28 V* Jan
13
Dec
33%
Jan
15
Feb
11
16%
6% May
83%
22
*22 Va
23
22%
22%
*12%
13
12%
13
*12%
13%
28%
*90%
93
U%
*90%
39
/
21%
*88
400
13%
700
11%
11%
v
11%
Y
90
92
11 Va
94
1,100
28%
*90%
11%
*92
400
104
28%
92
*90%
11%
94
13%
*13'A
*100
28%
11%
5,000
I*'
94
*92
—
39%
40%
40%
40%
41
41%
41
•41%
3 200
21%
21 Va
21%
21
21%
21%
21%
21 %
21%
1,800
*87%
12%
90
88%
88%
87%
87%
89%
87%
87 Va
20%
20%
21%
21%
21
21
21
21%
21
21Va
2,100
37%
37%
38
38
38
38
37%
37%
37%
37%
800
12%
15.500
39'A
2,800
12%
39%
12%
39 %
39%
124
125%
13%
No par
*16%
19%
♦45
*18
*14
14%
*16
20
*£
126
*45
200
*45
39%
12%
13%
*16%
20
50%
*170
12%
40
126%
20
*16%
200
13%
40
*123%
14
14
a
12%
40
127
*123%
50%
♦180
13%
40
40%
14
50%
*180
13
13%
40
*124
20
*45
220
13%
>
124
13%
50 Va
*190
13%
40%
.
*45
200
100
*12%
13'A
800
*16
20
*45
200
50
*175
50%
=*170
90
v,
124%
*123
200
•
*21%
100
21%
21%.
22
21%
22
90
90%
14%
14%
84;
84
*84
86%
*84
21
*20
21
*20
21
34
*33
34
Elec & Gas
State
100
Western
&
Ry
♦85
86
85
85
*84%
•:
86%
2.50
4
Noblitt-Sparks Industries
Nopco Chemical Co
Norfolk
22 " v
217/«
21%
22%
90
90
14%
.
14%
8 300
22
22%
91
*
91
210
14 Va
14%
800
Corp—
cumulative preferred
$3.75
*20
22
*20
22
21%
21%
*32%
33%
*32%
34
55%
56
56
25
com
Adjustment preferred
56
81% Jan
2
87% Jan
14
Apr
11% Jan
13
14% Jan
29
19% Aug
25%
Oct
x21 Va Jan
14
24% Jan
29
33% Jan
2
36
12
Cum
10
Co
*33
*20
34
*33
y.;
55 %
.55%
2G Va
26%
55
55%
2C%
26%
Pwr Co
15%
86
100
100
33
33
55%
55
55'A
26%
55%
9%
.9%
9%
9%
83'A
83%
83%
*83%
27%'
27%
27%
21 Va
27%
27%
17%
17%
177/a
18
17%
17%
85%
85%
*85%
*85%
-86%
*26
16
15%
9%
83%
*26
26%
500
15%
15,000
9%
8,700
100
Y
5,800
15%
"9%
,
1&
9%
15%
9%
9%
84 %
*83
84%
27
27%
27
27%
26%
27'A
17%
18
17 Va
17%
17
17%
87
85%
*83
30
84%
6,600
'
10,700
(Minn)—
No par
Jan
Northwestern
Telegrapi
50
Dec
13%
Feb
13
7
Jan
7
Norwalk
Tire
&
Rubber:
No par
Dec
18%
Feb
12
Jan
20
13
Jan
5
Norwich
Pharmacal
38
Jan
27% Feb
10
31 % Jan
16
Co
86%
86%
140
13%
13%
13%
12%
13 Va
10.300
23%
23%
23%
22%
22%
3,300
34%
35
♦34%
35%
*34 %
35'A
5%
*5%
5%
4C0
12%
12 Va
500
13%
23%
24%
*34%
34%
34%
5%
*5%
*12
5%
5%
5%
12
A
*12
*86
13 Va
23%
13%
23%
34%
87
13%
23%
13%
23%
Y12
2.5o
*86
13%
23%
13 %
23%
25
45%
Jan
15%
9%
84%
Int common__10
cumulative preferred
4.6%
15%
9%
84 %
100
pfd $3.60 series
Airlines
15%
15%
26%
10
Pacific Ry
Northwest
15%
*26Va
50
.
Co
Gas
26%
1
Co
R»
Natural
*26%
25
Aviation
Central
—
40
*88
13%
A
11%
*92
13%
104
28
92
91%
11%
94
*13%
*100
28%
38%
*123
,
91 %
11%
*92
13%
104
28%
1,300
21
No par
50
91%
11%
94
13%
*100
28%
700
17
*16%
21%
7
92
20%
*36%
No par
13%
104
28%
40
22
22
39%
39%
21%
100
92%
11%
*90
94
•13%
*100
28%
11%
*90
13%
104
28%
13,300
*12%
90%
Northern States
Feb
22 V4
5'A Feb
22%
12 s,8
14%
Northern
102%
,
22%
90%
5
Dec
6%
87 "A
14%
21% Jan
Aug
12 ;
*86%
14%
11
11
Jun
86%
92
Northern
87
•
79%
33
86%
14%
12
16% Feb
*86%
*90%
29% Jan
Feb
20%
91%
American
22%
19%
14%
American
17% Jan
11
13% May
26%
91%
North
25% Feb
19%
*14%
Northern
Nov
20
87
pfd__100
North
30%
13%
*100
104
*28%
No par
series
5
5
14
*13%
*100
2,400
800
19%
87
"
2
Jan
23
*86 Va
Hart RR Co-
5%
28
Jan
84%
23
17
No par
& Light 3.90%
17
8
83
Va
83%
11%
1
4,600
%
84
Sliipbldg Corp partic stock—1
Y
Jan
Feb
Jan
Dec
20%
ia
1,800
23
11%
common
&
10% Jan
10%
115%
Dec
25
5
%
240
3,000
7
157/a
83 %
v
17
RR Co
Y & Harlem
15%
25%
23
'.
6%
15%
23
84
17
preferred
non-cum
N
N
200
84
*22
11%
Louis Co com—100
Dock
York
New
19%
13
n
•
17
preferred series A
N Y City Omnibus Corp
Aug
lir '
84%
23
11%
6%
15% Jan
%
84 %
*22%
270
136
135
:
,
16%
Central
10
Feb
19
23
7
15%
80
7,400
;V
166
164%
134%
15%
6,000
31%
31 Va
31%
6%
v
16
1J0
17
166
134%
7
'
2,100
18,900
.
90
11 Va
Brake
Air
Feb
Jan
%
84%
23
135%
7
15%
8
*164
16'A
90
16%
preferred
Elec System
12% Feb
12% Feb
13
84%
23
12%
Jersey Pr & Lt Co 4%
39
21
'%
83%
19%
New England
121
62%
Nov
%
■■
15 7
17
90%
31%
165
135%
7
•
15%
31%
v.
xl65
135%
7
83%
(J J) common__No par
Dec
Feb
135%
7
15%
31
165
16%
*90
11%
New
26
136%
7
157/b
1.%
'90
2,500
10,600
39
*37%
,
16%
22% Jan
20%
135%
31%
165
16
*22%
serial preferred—100
conv
Dec
Dec
230
4%%
50
Apr
30%
166
7%
*7
31
164
17
90
39
-
19'A
18%
19%
*37%
11%
41% Jan
Feb
30%
17%
90
19
41
16%
5
22%
*88%
19%
.
*38
11%
Neisner Bros Inc common
137
May
11% May
.
89%
19%
41
11%
5
90
16%
x89 %
*37%
16%
11
102
16%
16%
11%
Feb
22
Dec
17%
32% May
38
*16%
36
Jan
x87%
19%
19%
38
:
No par
20% Feb
12
19%
19%
•
—No par
Co
Corp
87% Feb
24% Jan
15%
12%
Oct
9
13
15'A
*22 %
Feb
46% Jan
20% Feb
15%
13
Feb
13
Feb
15%
23
26
Feb
32%
Dec
15%
31
♦15%
1
Co.
Fibre
46%
38
22%
15%
•165Y*136% 138%
100
20
pfd—100
Newmont Mining Corp
10
Newport Industries common
1
4% %
preferred
100
Newport News Ship As Dry Dock—l
Dec
15%
*22
12
44%
15%
10
98% Jan
35 % May
15%
16%
30%
—25
No par
Co
Tea
Vulcanized
New
15%
86
Newberry Co
8
25 Va
20%
24
6
11 Va
25
85%
13
Jan
11 Va
25%
19%
Jan
12% Jan
11%
25
83
31% Jan
94
11
25%
19%
Natomas
18 % May
13% May
x22
ex-dist
Corp
11%
v
*164
1
Ref Co
11%
25
for
Shares
share
11%
25%
*
16
No par
No par
$ per
11%
25%
*86
National
17%
11
&
Corp
Co
S per share
11%
Supply (The) Pa com—10
preferred
100
4% %
20% May
12% Dec
28%
Cast
Lt
Jan
Nov
23"%
Mar
B
Service
Stl
&
the Week
26
<<:*89<X< ''•91<:,Y
100
100
Sales
Feb. 20
11%
19%
•35% ,38
10
common
A
Linen
Mai
28%
12% May
105
Co
7%
95
74% May
21% May
88
National
—1
No par
Co com
preferred
Friday
Feb. 19
$ per share
25%
i; "•'•••19
No par
Thursday
Feb. IS
11%
•15
No par
Prod
$ per share
PRICES
Wednesday
26
11%
x25%
Stamping
conv
Jan
8 %
28
&
National Gypsum
$ per share
SALE
Feb. 17
15%
1
No par
5
HIGH
Tuesday
Feb. 1ft
share
tper
par
AND
Monday, February 23, 1943
Monday
Saturday
Ecb. 14
*
Co
Gas
Distillers
National
14
136
Cylinder
Dairy Products
National Dept Stores
13
165
,15%
CHRONICLE
STOCKS !
Year 1017
Lowest
& FINANCIAL
.
34%
1
12%
5%
6
5%
*12
12%
*5%
12 Va
12
12
140
O
27
Dec
91%
Dec
111%
21
Apr
35 %
18
Dec
22
17% May
93
86
15%
2
26% Feb
11
17% Jan
6
Dec
99% Jan
29
12
Ohio
17:.
Oklahoma
Jan
18% Jan
11'
27 Va Jan
94% Fab
20
99
Jan
10
8% Feb
19
10% Jan
14
Feb
118
22% Feb
Feb
13%
97% Feb
13
8
Jan
;100
5
Sep
28 %
Feb
20
Jan
2
22 % Jan
31
May
24
149%
Edison
33
Feb
107
May
92% Jan
July
27 %
Dec
7% May
Feb *
Dec
Ohio
33%
Feb
27
Jan
26
32% Jan
5
Oct
163 %
Jan
4.40?&
Co-
Corp
4%%
Corp
Elevator
151
Jan
14
28'A
Feb
19
Feb
13
23
Jan
5
Outboard
93
Jan
83
Jan
17
86
Jan
8
Outlet
59
Feb
14
73% Jan
2
Nov
80
July
Jan
29
6%
$ per share
10
May
24
17
13% Jan
31
Pacific Coast Co
11
71
Jan
12
Oct
34% Feb
13
40% Jan
7
Jan
15% Jan
3
19
19
19
50% Feb
Jan
Feb
31% Feb
18
Feb
30
Feb
90
Feb
134
Jan
4% Feb
Oct
54
2
Feb
A
11
Feb
19% Jan 13
36% Jan
8
30% Feb 20
13
Jan
Dec
7%
Dec
14%
12
8
Jan
22
10
5% Jan
8
41% Feb
11
53% Jan
15
4% Feb
13
Feb
52% Jan
5
< 92% Jan
11
79%
Feb
67% Feb
22 % Feb
13
79
Jan
9
20
23
Feb
20
Jan
2
102
Jan
19
Jan
18% Feb
11
37
Jan
Sep
8
53%
Jan
34% Feb
10
2
Dec
Jan
13
4%
Jan
2% Jan
13
2% Jan
29
Jin
28% Feb
5
33% Jan
2
24% Feb
n
97
Feb
Feb
7
Feb
10
9'/a Feb
21%
40
29% Jan
20
'
•
8
112
Jan
14
112
18% Feb
11
20
Dec
22
6
22%
Dec
26%
Feb
16% Feb
May
51%
Jan
41
Feb
20
Dec
118%
Sep
103
Dec
55%
Nov
May
Dec
23
May
99
Dec
8% May
13%
37
Jan
Jun'
36%
May
Apr
49%
Dec
97%
Dec
101%
22
Feb
Corp
No par
4%
4%
4%
4%
Airways Corp
2%
& Transp
9
8%
8%
8%
9 Va
8%
9%
8%
*13%
14%
*13%
14%
*13%
47.
47%
47 Vz
47%
48
93%
93%
93%
93
93
6%
6%
Packard
Motor
American
Petrol
Paraffine
Prod
Cos
&
Inc
common
Utah
&
*67
69
Inc
18%
34%
36
-
1
,*2Va
2%
No par
Co
18%
18%
*34
1
*99%
103
28%
28%
Co
2.50
26 !
*25%
2 Va
,
Coal
No par
Enterprises
Cement
1
6%
lo
Co
38%
12
:
26%
7%
:
*24%
-i
*93
50
17
33;
6%
<:<• 7
;
115
13% Jan
Peoria
Pepsi-Cola Co
Pet Milk
& Eastern
Co
Ry Co
15%
*28%
7%
12%
12 V*
15%
*
18%
18 Va
18%
17%
17 Va
17%
87
:
•
;*
42 uv
108
42%,
87
29
29
*111
115
;<.
*111
115
18%:
•17% ; i7%*40%
*105
*42%
86%
2
Pfizer
48 Va Jan
5
5
53% Jan
9
109% Aug
Phelps-Dodge Corp
Philadelphia Co 6% preferred
98
Jan
27
(Chas) & Co Inc
105%
20%
28%
*103%
42
<•
'
200
*103%
106
*104
.
84,700
300
10
106
48%
43%
49%
49%
48%
48%
1,800
42'A
'42%
42%
42%
x40%
41%
10,600
51
51%
51%
51%
52
>
390
98%
98%
98%
98%
98%
100
*48%
49%
42'A
42%
50%
98%'-
28%
600
42%
98%
19
28%
1.600
49%
50%
17%
28%
9%
41
99
20%
*27%
J4%
48%
50 %
106
•
9%
41%
99
19%
.
14%
48%
50%
200
9%
*48%
5i
11%
-
1^%
1
9%
70
100
;j>
88
9%
15
15
*10%
200
'
'
43%
14%
15
50%
*97Va Y99
17,700
15
*9%
15
50
;
;
21Va
27%
*9%
No par
41%
104
*10% >11%
;
*14%
50%
*41
*10%
28
5
41
———•
17 Va
4,500
'
No par
25
16%
11%
*101 Va
11
17%
86%
100
13
17 Va
,
18%
...*86%
*27%
Feb
200
i'
18 Va
87%
28 %
Feb
116
18%
*86%
*27%
40% Feb
*112
1,400
>
32
116
1,300
1,000
16%
*29
87%
*27%
50
16%
32
*86%:
No par
Mar
5,000
13
'
;
9%
16%
*12%
YY700
-
41
104
700
2,500
r
13 Va
.
47100
300
7
104
10%
14%
V
13
6%
41
21%
*103'A
16%
•
7%
104
10%
9%
;
*112
17%
'
'
*42%
21%
104
33%
5
33
38%
43%
10%
9%
33 r
103 Y 103
21'A
104
32%
39
=
*42'A
20%
■V-
Yx
43%
*41
.....
;> 10%
9%
•YY;
9%
*42 V*
42%
12
103
;
7%
43%
108
21
Corp of America
Brewing Co
17%
27'A
*7
9%
*29
.
18%'
18%
18 Va
*9%
28%
:•
16%
•*'"
3fcK)0
27
,
9%
■:';l-3;
•12%
16%
16%;
'100
;
2 Va
28 Va
7%'
7 Va
V -7
12%
36
2 V8
27
33%
7
34 Vz
24,500
28%
7%
32%
;v-:
18%
9%
.,39%
■
500
23
103 ' <
18%
'
.9% ->9%
Y> 33 -V ; 33
39:
5,400
•■;.
2%
*26%
.
70
6%
29%
29
■;
*26% j 28
7 Va
TVa-v
32
20%
2nd preferred
n
*99%
*
36%
2%
-
:
12%:
100
Petroleum
29%
*29
32
115
*111
15%
7%
—33%c
common
preferred
*86%
V
7%
12%
12
9%
103
*34%
,2%
V4
33%
100
(Chic)
Y<
7 "Y
39
15%
10
V
2,100
93%
6%
;
18% 1,18%
36%
2V8
29
9%
33
32
18 Va
28
33'A
*15%
*111
■s
•39%
*28%
100
No par
7
*9%
38%
7
&
YY
*32%
Peoples G L & Coke
15,300
50
50
70
*99%
18%
*34%
2 VaT;
29%
33%
38% i
89
i
26.400
8%
7%
*67
103
16'%
36%
2%
29
9%
17
page 2
,
'
42%
$6
:Y'
2 Va
*7 Va
<=40%
13
93
v' 7
*99%
.
N
*34%
34 Vz
26'A
*105,'
Jan
93
1,.
69
18%
18%
'
44%
87%
100
103
4%
14%
49%
93%
6%
2,600
8%
4'/a
14%
49
*67%
9%
com__No par
Light Co
Pennsylvania RR__i
4% 9?
.
29%;
41%
54 % Jan
*99%
Y
49
440
*13%
9
8%
*13%
93
44
43
4%
4%
:
9
.14%
*93
70
18%
-
■
7
.
*32%
Corp
Coke Corp
preferred
Power
7
9%
Airlines
«fc
:
9
No par
No par
Glass Sand Corp
Pfeiffer
103
28%
■
106%
47
*67%
70
-
48%
7%
7
7
V
4%
4%
.-:<■-
90 Vz
22%
*99%
1
Ford
&
30 Va Jan
Jan
'
'
24 % Jan
see
*66
100
Inc
Transportation
4
For footnotes
6%
No par
Consolidated Mines
Davis
Penn-Central
Penn
*93
1
preierred
Pictures
Park & Tilford
Park
47
100
14%
4%
31
92
44
*42%
43,
4'A
32 Va
No par
convertible
Parke
*13%
No par
Refining
New
4%
Paramount
20
Dec
51%
30
22
62%
*50%
14,700
45%
17% Feb
59
1,400
*31 Va
32%
42 Vz
42
42
41%
13
31'A
5r %
50%
32 Va
43%
Oil Corp
Car
106%
Feb
1,400
*16% .>;17"Y
42%
Western
*42%
Jan
51'A
17
70
*41%
5
16
51%
70
lo
Pacific
5%
11% Jan
55,700
36%
2,000
Penn
104
500
A
*35%
4%
31
31%
31
30
_5
2
30%
\l
20
36%
4%
30
100
7
30%
51%
51%
52
52
51%
3%% conv series A pfd
Peoples Drug Stores Inc
11
32
12%
68 Vz
4'A
27% Jan
48%
51 Vz
No par
Pennsylvania Salt Mfg Co r»om
Jan
32
33'/a
6
9% Feb
32 Va
30%
17%
33 %
16
14% Feb
31%
*16 %
33%
Iff
33%
12
99
*16%
32
17%
33 Va
♦16
10
25
Jan
Oct
17
31%
*17 Va
Corp of Calif
45% Jaa
Dec
*16%
35%
12%
*66%
4%
34% July
Jun
*35%
*35
16
18
35%
35
19
12
35
35
*12%
65
4%
34
108%
12%
65
35
•
Feb
10'/« Feb
13 Va
♦12
65
*34
86% Feb
Jan
*12%
12
65
No par
-
4%
5
Jan
13%
11%
*65
42% Fob
Feb
2 CO
*12%
11%
*11
13
4%
19% Jan
118
13 Va
13%
67
IIV2
67
11
4%
14
47 Va Jan
13
4%
Jan
Jan
Shares
*4%
20
=
Sales for
the Week
$ per share
*4%
Penn-Dixle
Jan
Friday
Feb. 2D
Feb. ID
1
5
Jan
0
Pacific Tin Consolidated Corp
Penn
Jati 12
Thursday
$ per share
$ per share
141%
2
19
$ per share
share
*140%
15% Jan
33
$ per
*65'
Penney (J C) Co
18
Feb. 18
31%
Penick
11
Wednesday
Feb. 17
141%
29
Feb
Tuesday
Feb. 16
31%
Jan
29
Monday
$ per share
4,800
,
*140%
Jan
18
10
60%
PRICES
SALE
HIGH
59%
91%
Jan
Y
AND
60 %
60%
140 Vz
8
15% Feb
Jun
Saturday
61
60%
91 Vz
43
-
59 V2
59%
.
140%
37
117
300
91%
2
13
50
19 Va
86%
141%
3
11% Feb
151
19
*83
90%
11
Feb
45%
61
151
20
86%
141 Vz
5% Jan
Apr
81 Va
60%
151
*19%
*83
90%
38% Feb
24%
111
61
151
20
86%
2,600
141 Vz
Parmelee
36
15%
59
151
*19%
*83
;
28%
30%
Patino Mines &
13% May
38
19%
86
CO
100
23
28%
*89%
32% Feb
0<-t
151
154
19%
86
*22
28%
*140%
Feb
Dec
*151
20
86%
23
28%
90%
Nov
X107
154
*19
*83
13%
Parker Rust. Proof
Jan
11% Jan
29
Sep
♦151
*22
28%
170
2,300
97%
140%
< 4%
48%
16%
154
28%
97 %
90%
15% Jan
Apr
28 %
97%
97%
140%
38%
„
7
Jury:
15 % May
38% May
5% Dec
23%
28 Va
67
Panhandle
32%
14%
*22%
12%
10
Dec
34%
24
22%
28%
*63%
20
Dec
Dec
*22
22%
28%
*13
Jan
94
19%
7
98%
*11%
Panhandle East Pipe L com
4%
preferred
96%
8% May
32% Sep
*97
10
8% Jan
12
6% Feb
43
98%
2.900
9
100
Pan-American
5
Feb
94 %
8%
No par
Pan
2
Dec
Mar
23%
94%
9
8%
Teleg common—100
29
90
9%
22%
95
98%
19%
preferred
12
Nov
Feb
23%
95
9
Mills___
6%
Jan
55
46
23%
95
11,700
Pacific Telep &
Jan
Jan
Dec
*151
23%
97 %
23
800
£0
9
Y9Y'
28%
28 Va
28%
99
*94
05
9
No par
Lighting
5
40%
28% May
97%
23%
Y 95
9%
Rights
10
2
11
33%
96
28%
*98%
hi
16% Jan
8% Jan
109
J
*9
non-cum
Finance
Pacific
97% Jan
13"% Feb
109
*22
23%
23%
*95
When issued
Pacific
35% Jan
144
Pacific
15
Feb
Jan
YY 23 :
86%
Pacific Gas & Electric
Jan
July
Jun
23%
23%
96
common
preferred
2nd preferred
19
18
5%
18%
non-cum
1st
Feb
May
58 %
*17%
*19
Pacific Amer Fisheries Inc
11
39%
4%
18%
23%
Par
13
168
8%
*17%
*83
$ per share
Feb
129%
13
18%
*17%
V
LOW
Feb
59%
*17%
Feb. 14
11
7
18 "A
STOCK
YORK
13
131
Jan
18%
EXCHANGE
62 % Feb
3 % May
*17%
12.50
Oct
25% May
x89% Dec
21%
18%
97%
Glass Co
Sep
b.:%
28'A
2.50
43%
Nov
27%
97%
Mfg
Feb
hi Feb
Dec
NEW
Highest
$ per share
17
50%
28%
*£4
100
100
&
46%
Dec
99
28%
'
Lowest
30% Feb
x337/»
99
28%
*28%
No par
Marine
19
Jan
23%
99
28%
*17%
—No par
80
Jan
28%
98%
28%
A__100
10
preferred
16
9% May
287/a
98 Va
28
9%
Co
Range since Jan. 1
Highest
50
28ya
98 Va
28%
STOCKS
Year 1947
t per share
29
98%
27%
9%
preferred
Range for Previous
Lowest
29
98%
6
common
common
Owens-Illinois
68
154
28%
27%
No par
preferred
(The)
convertible
19% May
29
98'A
27%
pfd—20
4%
common
convertible
84
Aug
Elec
&
Oppenlieim Collins
Otis
29
*97
-No par
Gas
Omnibus
8%
8
100
common
preferred
Oil
Oliver
Co
*14%
*98
10%
COMMERCIALS FINANCIAL CHRONICLE
THE
Number 4675
Volume 167
STOCKS
Range for Previous
Range since Jan. 1
Year 1947
Lowest
21%
Lowest
$ per share
I per share
t per share
•
4.4%
preferred
Aug
91
Jan
28
97
Jan
9
3.8%
preferred
Oct
14
Jan
19
16 % Jan
30
22
33-% Jan
5
Nov
28
Jan
85
Dec
98% Mar
84
Feb
Dec
43%
Jan
25% Feb
11
Feb
87
Jan
6
85% Jan
109
4%
16
101
21
87% Jan
43
Dec
Jan
26
42
Jan
30
93
July
87 % Jan
22
90
Feb
5
50% Mar
63% July
54%'Jan
21
12
18"
997a
Dec
967a
Dec
13% Jan
13
19
34% Jan
5
Feb
99% Feb
7
103% Jan
5%
2
10
38% July
Apr
62% Jan
Feb
30% Feb
Feb
108
96%
12
$4
11% Feb
11
14% Jan
16
90
Jan
30
18%
Jan
32%
Dec
26% Feb
16
Dec
16
Dec
12% Feb
11
Aug
169
Aug
145
Jan
26
145
Nov
203
Jan
157
Feb
16
163% Jan
5
42%
Feb
34
Feb
20
39% Jan
9
8
165
163%
32%
7
Apr
Oct
Mar
10%
15
Dec
Apr
114
140
Oct
*
17% May
Jan
27
Jan
27
7%
87% Jan
6
Sep
8
Dec
15
Feb
13
21% Jan
5
Jan
145
Jan
9
Jan
9
28% Jan
22
32% Jan
12
10
Feb
17
Jan
6
10% Jan
49% Jan
16
33
29% Feb
14
34
Poor
Pressed
38%
Oct
14%
Jan
Apr
38
Dec
35%
75
Oct
19% May
11% May
*
145
19 %
Oct
12% Feb
13
Nov
12% Jan 28
Feb
11
15% May
Dec
31% Feb
13
34
71%
May
Feb
Nov
62% Feb
16
■22% Jan
32%
Feb
38%
25%
30% May
Jan
18% Feb
11
82% Feb
20
Jan
32% Jan
15
Feb
20
Feb
6
11
...
Jan
87
&
Co
class
Publicker
$4.75
35
Feb
23
Jan
Public
5
97% Jan
14
18
Pub
39
*87%
88'%
55%
57%
55
13
*31%
*98
*94
100
157
157
36
*125
29%
Dec
x25 % Feb
5
13
Feb
11
106%
Oct
109%
Jan
101% Feb
24%
Dec
36%
Feb
x25
30% Jan
Inc
107
Jan
8
31
Jan
5
5%
:
24%
Mar
Dec
21% Feb
11
24% Jan
Feb
7% Feb
20
80%
Feb
63% Feb
11
9% Jan
69% Jan
8%
Dec
15%
Jan
7% Feb
19
8% Jan
8
94%
Dec
Feb
18
Jan
Radio
5
Dec
28
7% May
1st
conv
92
105% Mar
98
28% May
41
Feb
28% Jan
21
31% Jan
32
Dec
22% Feb
20
30% Jan
Jan
28
16% May
22% July
16% Feb
20
37
Dec
48% July
37
Jan
5
33
Nov
39
31
Feb
9
% May
18% Feb
10% Feb
96
Oct
108% Mar
11
May
32%
.
38%
Dec
Feb
31
July
16%
34% Jan
4%
non-cum
1st
16
34% Jan
6
4%
non-cum
2nd
13
12% Feb
4
Jan
21
104
Feb
18
11% Feb
11
13
Jan
2
101
Feb
7%
Dec
14%
Nov
11% Feb
14
14% Jan
20% May
29%
Feb
23
Jan
23
25
10%. Dec
17%
Feb
10% Jan
31
11% Jan
5
23
2
12%
Dec
Dec
17
Feb
62% Jan
14
12% Feb
20
14% Jan
84%
12%
24%
96
Jan
21
97
Feb
Feb
13
29% Jan
Conv
7
4% May
9%
Jan
6% Feb
10
8% Jan
12
8%
Feb
3% Feb
10
4% Jan
9
9%
Dec
101%
Feb
8% Feb
11
Feb
22% Feb
11
27
Jan
5
105
24%
May
Dec
5
10
Feb
17
103
Feb
110
Jan
715% Feb
113% May
Dec
14
91
82 %
Apr
11%
Feb
Jun
39
Jan
90
May
124
Jan
9
May
16%
36% May
44 %
Feb
38
45
50%
Dec
6%
19 %
* 10% Jan
15%
30%
•'
22% May
Dec
May
Feb
2
Jan
9
19% Jan
2
Jan
9
93
-
5% Feb
20
7% Jan
i 2
19% Feb
11
24% Jan
2
97% Feb
16
104% Jan
7% Feb
11
10% Jan
5
Feb
14
41% Jan
2
48% Feb
13
50
Jan
8
I"
,1
77. / •,
Rexall
19
34%
21
20
6
18% Jan
2
23% May
5% Sep
31
Feb
22% Feb
10
24% Jan
19
Ritter
5% Feb
11
Jan
19
Roan
103 %
103%
112%
127%
128%
*110%
111%
110%
47%
46%
26%
128
128
*101 %
Dec
20%
Nov
19%
7
7
6% Feb
5
8% Jan
19
19% Feb
25
*21
14
24'A Jan
19
15% Jan
4%%
conv
22
18
Jan
2
Ronson Art Metal
24%
Oct
18% Feb
11
21
Jan
2
54% Jan
22
64% Jan
2
Ruberoid
17%
26%
Feb
11
18'A Jan
6-
29
77'
31'A
*32
*10%
*96
1
50c
10% Jan
X20
Dec
26% July
18
Feb
13
Dec
114% Mar
108
Jan
5
10
9% Jan
11%
55%
92
Dec
90
Dec
13%
10
Jan
22
44% Jan
91
-
13
95
13
91% Jan
13
18%
Dec
Feb
13% Feb
81% Feb
13
14% Jan
6
20
85% Feb
4
Jan,
98% Mar
Jan
11 % May
39% May
24%
Feb
13% Feb
11
18% Jan
2
55
Feb
44
Feb
19
50
5
17%
19%
Nov
15% Feb
10
17% Jan
6
43 %
Dec
35% Feb
11
44% Jan
12
10%
Feb
5% Feb
11
6% Jan
5
40% July
31% Feb
5
16%
11% Jan
6
23
Dec
Mar
5 %
30% May
11
Oct
6%
Dec
10% May
101
Dec
20%
.
*
May
,
16%
16%
110
Feb
Feb
6 % Feb
11
Feb
<10% Feb
20
Jan
95
38
Jan
Jan
2
'12% Jan
16
Jan
2
12% Jan
13
8
Feb
19
104
Jan
31
Apr
30%
Dec
26% Feb
11
29
Jan
5
24% May
40%
Oct
30
Feb
11
35% Jan
10
For footnotes
see
page 24.
-38*
1291/z
129
110%
110%
♦1103A
46%
46%
463A
47
26%
26%
26
26%
267a
267a
102 Ve
*102
*21%
v103
129
*21%
V
25 %
22%
7a
129
1117a
*102
25%
22%
8%
310
129
430
*1103A
1117a
30
467a
46%
1.900
257/a
2674
12,700
J.
104
*102
1047a
200
25
*25
257/a
2,400
22
*2174
2274
25
*21%
77a
'i
93
*29%
30
'
874
65 7*
7%
65
7%
93
.
8Va
*63 7a
8%
64'A
774
30
•V-
<
.93
*30
31%'
*31%
32
*317a
17%
*17%
177a
*17%
*36
37
*36 7a
32%
*31%
32%
11%
*10%
11
*10%
104
♦1037a
*100
104
11%
104
—
*12
11%
317a
12%
11
400
17%
1,400
700
300
*31%
32%
11
"1037a
.
3,300
37
*10%
105
tr¬
ios
12 74
31%
*36 7a
31%
313A
60
30
31%
24'/a
2374
1674
37
11
900
10,900
93
22 7a
17%
37
■•••>
237a
24%
29,000
77a
30
17%
11%
*9078
,31
24%
24
87a
66
7 7a
.
31%'
104
65
774
*90 7a
30
77/a
65 7a
77a
93
92
874
8
65 %<
24%
23
12%.
1,000
300
10
12
12%
*11
11%
63%
12%
*96
24%
24%
Wks
11%
*1174
1174
23%
23%
*23
24
*23
24
23 7a
600
23%
*10%
10%
107a
*10%
11
10%
10%
*60
11
*60
.
*11
12%
63%
6372
*60
63%
23%
*10%
•'
12 %
12%
*60
1272
.
257s
♦11
127a
*96 7
12
:
2574
*60
'127a
12%
98
*24 3A
-
98
25%
2o %
10%
127a
*96
98
Monday
Tuesday
Feb.16
*96
*96
25
100
,
600
300
12 7a
12,000
98
247a
24%
$ per share
7%
7%
77a
7%
3%
37a
3%
v?.;v: 37a
Thursday
Feb.18
1,900
9
9
*104%
77s
774
7%
7%
7
37a
3%
37a
3%
:
33/a
37a
9
9
874
8 3A
::
*8%
6
105
77"
105
16
89
237a
9
25
24%
25 78
24%
i6
*104
;
88
6%
6
247a
247a
2474
104V2
16%
85
6
104 72
*104
1672
82%
6%
104
104%
*104
67i
16%
16
167a
157a
83
86
7
83%
84%
*84 7a
6
7;
5%
57/a*
574
57a
207a
20%
20%
207a
20
2072
*20%
207a
98%
97%
97%
98%
9874
*97
9872
*96
98%
*96
*8%
8%
8%
8%
8%
874
8
10
38
38%
38%
38%
48 %
49
49
*87%
88%
*87
20%
20%
21
48%
1
No par
f
16%
*5%
387a
5072
49%
49%
49%/:,;
877a
877a
8772
87%
877a
877a
21%
7X21%
2172
2072
207a
21
21
38
2,700
290
574
■'
30,000
20
2,000
98
30
8%
38%
7 *48
-
7a
*87
1,300
387a
5,700
50%
v
50
8774
20'/a
300
20%
900
3,100
16%
."
1674
167a
17 74
167a
17%
17
17%
Xl67a
167a
*22'A
23%
*22%
23%
*2274
23%
*22
23%
*22
23%
'5%
57a
574
5%
574
574
53A
7
16%
16%
*16
19%
19%
*18%
*54
56
*54
56
*16%
16%
41%
5
A 37%
88%
20
No par
38%
387a
6%
-
8%
*48 7a
19%
1
87a
38 74
25
2
87a
*48 7a
Co__ 1
Inc
87a
19%
400
16
85 7a
23%
*21%
par
'. 7
3,400
1,100
34,600
10574
167»
■
3,200
'
20 »A
x-
Shares
7%
3%
9
9
23%
*82
15%
*82
..7.
23%
105%
,715%
9
8%
23%
Sale* for
the Week
$ per share
7%
'
22%
Friday
Feb. 20
Feb.19
I per share
$ per share
67a
21
17
7%
,
-V
21
7 7
7
*5%
7
67A
67/a
674
*19%
20%
*19 7a
20%
16%
■/;
*18%
*16
1674
*16
19'A
7*18
19
*18
56
56
*54
56
1674
*1674
X4174
•
,
,
19
41%
427a
*16%
.
2,100
2,900
67/a
20
167a
16%
57a.
67a
207s
16%
5%
19%
7
*19%
■<
57/a
16
15%
16
600
19
187a
19
1,700
557a
557a
163A
*16 7a
1674
41%
41%
413A
-
700
16
56
200
167a
16%
200
40
41
*54
S 7-
Southwestern Ry.
non-cum
Co__100
preferred
87/8
*80
100
5
common
_100
607a
<
8
♦7974
••"••
9
35%
87a
9
83A
9%
35 3A
36
35%
36%
*82
87 7Z;
35%
85 %
*62
63
63
63
*82
87
60%
*61
63
8%
79%
*7974
A
87a
*82
18%
187a
18%
-
874
.
110%
11074
*7974
18 %
♦110%
1107a
5
_1.75
83A
267a
*41
"'
83A
8 7a
187a
110
87/a
267i
26%
27 74
,42%
*41%
Z
*66%
*
797a
5
No par
r
9%
36 3A
87
874
42
87a
35%
100
1
41%
974
357/'a
9-
34 3A
87/a
42%
"
87
63
87a
797a
197a
110
9
■./
874
79
87a
7974
18%
110
8%
187/a
110
9
277a
277a
27
42 7e
42
*8 7a
27%
41%
!
*79
19%
11074
42
27
*41%
*83%
•
63
874
•
797a'
79%
19
19%
110
A
4,200
7,400
87a
35%
8
87a
8%
.
7a
357a
110
7,700
86
10
>
63
87a
t
80
1974
87a
8%
1,100
26%
26%
10,000
42%
41
41%
9
*92 7a
93
*92 7a
93
927a
927a
*91
927t
917a
91-72
7*90 7a
*883A
89%
*8874
897a
*8874
89%
*88 3A
89%
*88%
89%
*883A
89 %
*13%
137/a
137a
13%
13 3A
13%
137a
137a
13%
1374
*13 7a
817a
700
1374
817a
cumulative preferred
100
Seaboard Air Line com v t c
No par
83
/
*78 7a
Seaboard Finance Co
1474
14%
147s
loo
preferred series A_
*4474
45%
*44%
157a
15
4574
45 74
*44
15%
157a
38
38
*153A
16%
15%
153A
3674
36%
37%
37 3A
*53A
67/a
*5 7a
No par
323A
5
*11%
♦
33
347a
1,1 %
117a
113A
*78%
*14%
4574
44
*15%
16%
*16
37%
373A
38
63A
*6
82
14 7a
14%
-
*6 7a
1
107a
No par
*95 7a
j
,
No
oar
67/a
-<
107a
2674
267a
31
31
674
107a
*95
97
'
63A
16%
*373A
38 3A
674
674
100
3374
31.600
34
33%
3378'
337a
34%
33 74
113A
11%
1174
1174
11%
*ll7/a
6%
7
10%
103A
97
97
7
-
107a
*95
7
7
*67a
7
107a
95
107a
107a
963A
95
103A
-
30
2,300
<
*15%
674
11%
16%
50
2,300
1674
33%
97
,
38
'
1
Servel Inc common
$4.50 preferred
147a
\
V."
*43
6
*6
"91
44
*5 7a
6
33
83
15
*78'7a
15
1
Seeger Refrigerator Co
Seiberllng Rubber Co
83
15
5
Sears Roebuck & Co_
*78 7a
83
45%
No par
—
Seaboard Oil Co of Del
Seagrave Corp
Shamrock Oil & Gas
Sharon Steel
Corp
*78 7a
!
-
350
860
27%
_No par
3.35%
80
8,900
9,200
110
Scovill Mfg Co 3.65% cum pfd—100
Scranton Elec Co (The) common
5
5%
'
63%
127e
98
247a
Wednesday
Feb. 17
f per share
3%
100
Schenley Distillers Corp
Scott Paper Co common
$3.4o cum preferred
88% Feb
129 %
92
91%;
1
Controls
preferred
Savage Arms Corp
31% Jan
41
220
46%
26
90%
20%
5 %
102 %
Nov
83%
25% Feb
Jan
103% Sep
July
Dec
Jan
49%
23% May
<•40%
Feb
8,500
*96%
pfd 4.40% series A
Safeway Stores common
112% Jan
8% Feb
7% May
2,500
2174
100
1st
21 % Jan
108
3474
21%
No par
com
preferred
Joseph Lead_
St Regis Paper Co
Jan
83
34%
21%
110%
*7%
7;
St
82
827a
35
21
129
T5 129
31
-
*11'A
\
Feb. 14
99% Jan
13
8374
347a
570
24%
11%
tper share
par
29
18
8374
35
21%
1,600
1,160
95
*100
Saturday
7
67 / Jan
58
; Jan
Feb
84
.
200
4.800
,
"
3474
Feb
1974-
LOW AND HIGH SALE PRICES
41%
8
187a
92
11%
98
.
10
79
1974
104
11%
12%
24%
37% Jan
Oct
19%
1127a
*30%
63%
11
July
19%
31%
10374
32
12
12%
32% Feb
12
6374 "637a
11274
31
*61
Dec
98 %
6374
113%
x37
11%
6t L-San F Ry Co com v t c__No par
Preferred series A 5% vtc——100
Jun
31%
63%
104
37%
10%
10% Jan
Dec
4,500
7/ 31%
10374
7%
29
31
24y2
46
9
18,200
83A
*31
'
11274
•■17%
11%
11
Louis
1,600
1374
87a
91%
37%
*23%
20
5%
13%
13 7a
87a
112%
*17%
7,
104
*11%
Feb
Jan
*13%
13 71
87B
103%
11
*100
8% Feb
65
137a
1374
90%
34
Jan
2
13%
.
112%
"
17
38
Jan
Dec
1,900
103'%
26
29
31%
17
*37
12 %
Dec
31
102%
24%
*
24%
*10%
Co
--
*30%
91%
66
7%
95
_5
(The)
Ruppert (Jacob)
St
31
112%
-8%
66
..
29
*23%
55%
Jan
200
10,500
103%
22V2
8
...
7Yb
95
Jun
80
*21
8%
5% May
40
5,300
10%
44
V.
Royal Typewriter
Oct
xl6
327a'
437a
112 y4
-
26
67
*92
100
preferred
68%
Feb
*10
103%
•
102
25
91
32
10%
7;
,7,
Company
:
.—No
Antelope Copper Mines
Sep
60%
102
21%
7%
5
Preferred 3.60%
series
Rheem Manufacturing Co
Richfield Oil Corp
42% May
68'A
26%
103""
25
*47
92
32%
,
63'A
34'A
111%
150
31%
21%
112
32
13%
84
34%
21%
103%
STOCK
RobertShaw-Fulton
18
10% Mar'1
83 %
' 91 y2
90%
7
20%
91
112
—lo
23% Jan
Dec
83%
32
.
*34%
*102%
50
Common
93% Jan
Dec
19%
50
Reynolds Spring
Reynolds (R J) Tob class B
10
66
19%
83
2.50
26
57
19Va
191%
84
_50
Co
15% Jan
37%
19%
*13
62%
preference—_10
No par
convertible
87 % Feb
May
62%
20%
—25
'• '
■20% Feb
18
62%
31%
*10
140
'
;
Feb
40
62%
33%
1
Feb
18
32%
*31%
83
25
Dec
Dec
;77
33
20%
50c
18%
104
*31%
33%
100
25%
-
32
9%
20%
series
Apr
19
13%
9
33%
common
Jan
Dec
85
7
.
31%
62%
*83'A
50c
Metals
*139
19%
33
62%
_1
Drug Inc
5%%
150
62%
$1 convertible preferred
10
Republic Steel Corp com
No par
6 % conv prior pfd series A^__100
Revere Copper & Brass com—No par
5% %
preferred
100
Reynolds
*139
31%
100
Republic Aviation Corp
Republic Pictures common
5
v
,
7
,
150
32
*31%
No par
EXCHANGE
3%
Dec
pfd
preferred
NEW YORK
$ per share
*139
8%
8
common
pfd 3%%
Highest
$ per share
$ per share
150
13%
*66
Motors Inc
Range since Jan. 1
Lowest
Highest
Lowest
t per share
500
*139
STOCKS
Year 1947
10
1574
8%
1
preferred
prior
Range for Previous
75%
*15
12%
par
$4.50 preferred
Reo
*73%
15%
9 %
26
;
Remington-Rand
75
*14%
12%
25%
Reliable Stores Corp
Reliance Mfg Co common
9
24
div
*73%
15%.
13
No par
Co—
&
75
15%
9 %
100
preferred
$1.25
5
Oct
33%
Jan
7
Jan
102
.Nov
96
Jan
63% Jan
Aug
62
Hosiery
(Robt)
75
15%
12%
46%
Reeves Bros Inc
Reis
75%
15%
12%
111%
$2 preferred
Reading Co common
2
*■.
76
77,7
10
Silk
*75
12%
77
9
46%
preferred
Jan
Real
76
13
12%
12%
9
1,900
•:
*75
12%
12%
12%
7
11%
*127
76
12%
7.
*110%
Raybestos Manhattan
Rayonier Inc common
9
♦127
2,600
-7 7. :
20% Jan
39
11%
12
117a
.7
8%
76
31
No par
Ralston Purina Co 3%%
5
11%
„
74
8
76
31'A
No par
Radio-Keith-Orpheum
9
17% May
11%
*127
8%
87a
*71%
150
20
Corp of America com—No
$3.50
5
11%
—
34 3A
8%
30%
No par
R
777
10%
68%
16%
No par
Corp
*
5,000
35
8%
30
Quaker State Oil Refining Corp__10
5
35
35
30
100
Q
■
20
34
76
par
Colorado
common
Puritv Bakeries
35
8%
11%
75%
16%
5
preferred
conv
*71%
16%
No par
(The)
"90
35%
30'/a
No par
Corp of N J com__No
Oil
161
29%
l
preferred—
Pure
75%
10
com
Pub Serv Elec & Gas pfd $5
Pullman Inc
12
*158
30
100
21% May
158
29 %
No par
Co„
preferred
8%
158
4474
.100
5
158
44
preferred
2
*157%
*10
preferred
12
157%
10%
7%
Jan
152
44'A
6%
53
*145
43%
9
111% Jan
152
1
com
600
*145
*127-7
*15%'
.
4,500
14
152
11%
*71 %
*29
2874
*145
76
*139
92
287a
*13 7a
8%
*125
150
*8874
%
35%
76
*139
14
157%
*74%
76
500
152
8%
8%
11%
28
12
92
28%
*13%
14
10
7
135% Jan
11%
34%
v
*88 7a
28%
28%
*13%
44%
119% Jan
5
8%
1,200
10
108 % Jan
13
34%
8%
11%
*145
110
12
12%
43%
6
11
.14
12%
92
*88 Va
28%
13%
100
*94
10%
16
Feb
28
14
8,200
*9974
100
44%
Feb
46% Feb
28
161
34%
*
92
27%
12%
567/a
14
*94
12%
88 7/a
567a
31
30
102
110% Feb
*88%
12%
*13%
152
*99 7a
43%
111% Feb
X127
*12
*145
100
*87 74
*3074
*10
x90
Feb
12
150
7
99%
400
3074
3074
*94
92
*157%
:
31%
*94
__
100
f
38
*12 7a
10%
130
Feb
11%
*87'
♦30%
100
*99%
92
14
29%
120% July
61%
11%
«
31
31
6,000
87
5'/ %
43%
Dec
146% July
99%
*94
887a
57 Va
*12%
10%
Dec
114%
99%
*8774
14
43
111
Jun
99 %
*145
1
102%
Jan
32
88%
57
56
7a
38
5
Feb
51 % May
31%
92
;_5
111
110%
31%
*87%
*90
*82
*12%
57%
*12 Va
26
'
14
56%
13
*89
No par
Dec
127
.*11%
*11%
No par
Dec
Aug
55%
*11%
3,700
86
25%
87
19%
Aug
92
*38
100
Inc
of
29 3A
*84 7a
26%
*90%
No par
Co
2874
86
28
■
*82
preferred
Service
Serv
30 7a
*84%
26'/8
87
90
3>5
30
86
26
38%
Co
Power
Industries
cum
3,700
*38
Procter & uamoie
12
15
♦82
preferred series A__50
conv
14%
38%
,
Electric
15%
87
B
B
400
15
38%
No par
com
Steel car Co
4%%
71% Jan
102%
,
85%
*82
93
88%
100
com
Coal
r referred class
Potomac
Jan
43
Dec
87
25
220
93
38%
Pond Creek Pocahontas
13% Jan
11% Jan
8% Feb
*82
87
700
9274
38%
Pittsburgh Young & Ash pfd
Pittston Co (The)
Plough Inc
Plymouth Oil Co
15% Jan
15%
*90%
~
6,200
23
104
92%
29%
*84%
26%
217/a
23
104
*87%
preferred class A
100
5%% 1st ser conv prior pfd__100
Pittsburgh & West Virginia
100
Jan
16
'
Dec
May
93
86
25%
213A
.
227a104
88"%
5%
Jan
140
*90%
14
80
140
92
5
Co
28%
92
*82
for
Shares
15
94%
*84%
217a
227a
39%
preferred
Steel
29%
86
21%
104
*38%
& St Louis RR
Pittsburgh
29%
29%
/:■
22%
*87%
100
Sales
the Week
$ per share
92%
26%
.27%
11
Sep
-
2
29
15
25%
*13%
18
10
-57
Jan
14% Jan
*92
15%
*84%
*27%
Feb
21
33%
10
91%
14%
29%
Friday
Feb. 20
t prr share
104
86
1
74% Feb
200
May
9
13
11
91%
15 %
22%
26
Pittsburgh Forgings Co
1
Wayne & Chic Ry com—100
7%
gtd preferred.— —100
Pittsburgh Plate Glass Co
—10
Pittsburgh Screw & Bolt
No par
84%
10% May
12%
Feb
91%
14%
22
104
*90%
Pitts Ft
26"
Oct
93%
Jan
171
10
Jan
21 y«
22%
104%
*25%
No par
convertible
22 '/a
22%
104'A
*84%
No par
Pitts Consolidation
2
17% Jan
$5
20 %
59 % May
67
31% Jan
11
10% Feb
Nov
May
May
'
8 %
88
21%
23
t per share
91%
29%
'
•
_^._100
common
Pitts Coke A Chem Co
5
Jan
Dec
Feb. 1»
No par
:
preferred
C
Thursday
Feb. 18
92
preferred
Hosiery
Pillsbury Mills Inc
Pitts C
May
16%
cumulative
29%
,
'7
—100
Phoenix
Dec
10
102
3 7
10o
Phillips Petroleum
8
88
!
preferred
3.60 series preferred
Phillips Jones Corp com
2
Apr
Jan
Jun
14'A
Philip Morris Sc Co Ltd common—_5
Dec
30 7a
91%
14%
PRICES
Wednesday
104%
104
21
"
22%
23
23
SALE
$ per share
'22
*90%
*
HIGH
Feb. 17
I per share
104%
Coal <fc Iron——1
AND
Tuesday
Feb. J«
22
*22%
Philco-Corp common
3%% preferred series A__
81
36
21%
•
"104%
10
Feb
\
| per share
100
Phila & Reading
Monday*
Feb. 14
100
13
92
7
No par
—
Jan
90
21
Mar
common
28% Jan
2
25
■
No par
Si preference common
2
16 %
85
Co
2
109 %
Dec
Electric
5
25 % Jan
Dec
88
PhUa
23% Jan
110 % Jan
26
Saturday
*
-
•
V
Parr
18
10% May
35%
,
11.
$ per share
21
120% Aug
Jan
LOW
.'
Jan
Dec
Dec
21
'■
*•
STOCK
22% Feb
21% Jan
Jan
Jan
23%
111%
95
YORK
EXCHANGE
104
27%
29%
Dec
NEW
;
Highest
Highest
-
(861)
27
2774
2774
277a
2674
277a
27
277a
31%
32%
32
327a
317a
31%
32
3274
♦94
•V
457a
12
200
'
300
<
1,100
1,900
77a
1,000
107a
2,400
967a
110
27
27
2,300
317a
317a
4,300
22
LOW
Previous
Range for
Highest
Lowest
S per
$ per share
$ per share
share
Jan
33%
May
-18 '
11
17% Feb
23 % Jan
''
1
.Feb
69% Feb
18
73 <
Jan
8
21%
Feb
Shattuck
22
Feb
11
.2
15 % Jan
13
8
Sheaffer
Dec
13% Feb
12 % Jan
2
Dec
11%
28% Feb
Jan
Saturday
•
t per
Par
>.
(Frank
24 % May
35%
Doc
11
35% Jan
6% May
9%
Feb
6
Feb
10
7 % Jan
5
6%
Feb
4% Feb
5
6 % Jan
9
4
Apr
27% May
41
Jan
27% Feb
14
34
.Jan
39
51
Feb
37% Feb
20
44
:Jan
8
Apr
14
May
18%
Dec
•15
Feb
11
18% Jan
5
Mar
1177/a
92% Feb
10
115
Jan
2
65
Jan
2
•
15
May
23
Dec
Oct
18
Feb
11
21
38
May
62 %
Oct
48
Feb
10
58
Jan
2
29 % May
39%
31% Feb
35V4 Jan
12
87
10
13
19% Feb
Dec
102%
Dec
35%
Jan
13% Mar
17%
Dec
3 % May
5%
87%
23%
171/4 Jan
2
24
4% Jan
2
South Amer Gold &
3% Jan
16
Feb
17
45
Jan
9
14
16% Jan
8
Jan
Nov
42
6% Jan
10
8%
54%
Apr
39
.
147/a May
22%
Jan
37% May
56
Jan
38% Feb
U
42% Jan
15
16
42% Jan
15
9
Nov
42%
Dec
39 % Feb
27
Dec
34 %
Jan
26% Feb
18
29% Jan
22
July
28%
Feb
21
Feb
18
24% Jan
40'/a
50 %
Dec
43% Feb
U
51
50%
Jan
33% Feb
11
41% Jan
77
Feb
58 % Feb
20
64
57% May
68
81
Nov
15
May
7%
May
14%
93%
Jan
'
237/a
May
17%
90 'A
18%
23%
Dec
83
Dec
1
37%
8
Jan
5
Jan
Squibb
9
12
Jan
87
Aug
82
Feb
11
Jan
20
Feb
20
81
■
114%
Feb
86
Feb
11
125
Feb
98% Feb
11
63
May
89
■
May
50% Mar
..'37% May
July
Yt July
54 Va Jan
43
69% Feb
27
13
11
25
Feb
20
91
Feb
17
96
Jan
22
44
<
80
Mar
63
July
31% Aug
Jan
23% Jan
105
Dec
94
36% Feb
2
62% Jan
2
Jan
2
78% Jan
2
31% Jan
12
.
Feb
■11% Feb
38
Feb
10
15% Jan
2
Feb
11
41 Va Jan
13
47
Oct
37
Feb
16
41
Jan
2
18
Jun
May
12
12
95
May.
»
Jan
11% Feb
13
13% Jan
5
Sterchi Bros Stores Inc
2
10
91% Jan
15
36%
Oct
28% Feb
11
32% Jan
9
13% May
19 %
Feb
12 % Feb
11
14% Jan
2
14% Feb
18
2
88
•
39
Jan
14% May
Oct
.19% Jun
.
'24%
21%
Jan
18% Feb
18
Jan
14% Jan
25
21%
*25%
21% Jan
5
Studebaker Corp
18
11 Va Jan
7
Sun
7%
13
Jan
6
11
11% Jan
IP
11\
38 % Jan
8
Sunshine Biscuits Inc
Feb
9 V8
Sep
34% Feb
Jan
141
Feb
Feb
14
Feb
11
38% Jan
common
39
*37
37 V2
*11%
12'A
*11%
33%
34
x33%
"34 7 ■;
*87%
91
13
9
43 % Jan
6
13
16% Jan
19
19
Swift
*92
*35
9%
V 9%
12%
17%
17 Va
"*10,,.
;
•
"51%
K
16 Va
16'A
40 V
39 Va
39 Va
*39 Va
*14
16
*14%
16%
32
32
31%
32%
32
:
32%
'31%
18%
1£'%
18%
18%
18 Va
18 '
Jan
17% Feb
20
22
Jan
8
Swift International Ltd—,
18'A
18 Va
20
5
Sylvania Elcc Prod Inc com—No par
$4 preferred!
No par
18
17% Feb
Jan
18
Feb
21
18
28%
*84
86
*84
85%
V: 85 Va
Range for Previous
6% Jan
8
-
Highest
Lowest V
'
'
.•//•'/••;A;
.
$ per share
$ per share
Sper share
,
10
May
3% May
13% May
.
14
9% Feb
Feb
r
3% Feb
11
15 V8 Feb
11
18
7%
Telautograph
4% Jan
Jan
20% Aug
__
!
(The)
53%
Sep
68% July
52 % Feb
14
60 Va Jan
Texas
Co
10 %
Jan
24
Dec
17% Feb
11
23
Jan
Texas
Gulf
46% May
58%
Nov
47
Feb
13
56% Jan
17
Texas
Gulf
21%
47"%
Dec
37% Feb
10
46'A Jan
2
Texas
15%
Jan
34%
41
Jan
58%
Feb
13%
Dec
15%
Dec
19%
Dec
12%
Dec
21%
5
11% Feb
Dec
59%
May
10
Texas
10
16% Jan
21
Jan
15
13
14% Jan
8
39% Feb
12% Jan
29
8% Feb
17%
Feb
13 % Jan
13%
Feb
11
10 Va Jan
8
Dec
60%
Feb
43
Feb
17
47 Va Jan
6% Aug
•
10
14%
Feb
; 7% Feb
19
24%
Oct
19% Feb
11
23%, Jan
16%
Feb
10 % Jan
26
10% Jan
38
May
85
Dec
3% May
20
May
59%
106
Jan
Mar
7%
Feb
39%
Feb
18
May
25%
Oct
94
Dec
108%
Feb
15% May
21%
.15
*10
*8%
19%
.
4% Jan
6
27%. Jap
5
par
*20%
2
Tide Water Associated Oil com—_lo
19 Va
19 Va Feb
13
24
95 % Jan
2
99
Jan
Feb
11
V
preferred
$3.75
41%
par
100
>
193/4 Jan
17
Timken
Detroit
10
53%-Jan
9
Timken
Roller
Feb
11
13% Jan
7
13% May
22%
Jan
17
Jan
2
20% Feb
2
Transcont'l & Western
Axle—
Bearing..:
*41%
85%-
-86%
42 %''-
,.V
v
19'A
18%
19
17% Jan
8
:6%Jan
2-
Tri-continental
99
Dec
112%
Feb
Feb
17
104% Jan
12%
Dec
15%
Nov
12% Feb
11
14% Jan
22
21%
Dec
38%
Jan
19
Jan
23
22% Jan
5
48
Jan
33
Feb
16
36 '/a Jan
Jan
5
12
7% Jan
*153A
Transue & Williams Steel....No par
11
Corp
$6
*99
...No par
preferred—
Truax-Traer'Corp
16
..No par ;
'
*12%
100
13
-
13
19%
19%
98 Va
98%
270
99
18%
> 4,500
183A
18%
18 /,,
18 Va
18%
"Jf'47%:
47%
L" 11 Va
11V*
11
11%
19
19 Va
18%
19
*15%
16
19%
33
prior preferred—/■_.No par
City Rap Transit com—No par 1:.
conv prior preferred——...50 <
*92
96
*91
19%
$4.50
6%.Feb
17
6
Twin
Feb
10
32% Jan 21
5%
10 Va Feb
11
14% Jan
5.
Twin
Feb
11
12
Jan
2
Udylite Corp
Coach
Co
6%
6%
*303/a
30%
99
*63/#
•
7
30%
*10'A
10%
10 V*
10%
Dec
43 % May
'9% May
25% May
15% July
Feb
58%
15%
Jan
Oct
37%
Jan
110% July
Dec
89%
105
115
Mar
10
1
46% Feb
10
51% Jan
11% Jan
9
Underwood
9
Union Asbestos & Rubber Co..
10% Feb
4
27% Feb
93% Jan
9
Union
22
102
Jan
2
Union
Jan
2
109
Jan
23
106
11
34% Jan
(The)
*10
10%
10 Va
10 Va
Corp
No par
;
Bag & Paper
Carbide & Carbon
Un El Co of Mo pfd
$4.50
ser
5
No par
No par
96
■
'•
6 Va
::
47%
47%
47%
•■47%
10%
*10V*
10%
10%
29
28%
28%
*953/4
*108
28 3/8
96
108%
91%
Dec
106%
Sep
91
Feb
9
91
Feb
9
Preferred
$3.70
series
No par
*90
92 Va
104
Jun
86
Jan
6
90
Jan
24
Preferred
$3.50
series
No par
*86%
88%
Dec
20
Apr
27
Dec
120
Apr
97%
30
Nov
May
For
111 38%
footnotes
see
Dec
Feb
Feb
page
98%
25
21%
Union Oil
19
165
Jan
2
Union Pacif'c RR Co common...100
156
22
101% Jan
.2
100
.*99
31% Jan
24.
of California
2
Jan
Jan
21% Feb
152
11
26
26% Jan
35
Jan
15
4%
Union
non-cum
Tank
preferred
Car
.1
No par
:
*l0Va
85
164%
10
33%
21%
156
28 V*
96 V*
108%
97
103%
:
'-«•
96
7
97
107%
10%
10 Va
10 Va
47%
'10%
29
97%
108
6%
*6%
7
*29%
31%
*29%
30
10 Va
*10
10%
28 %
98
97%
107%
108%
86 3/8
87
87
22%
21%
21%
22Va
157%
158%
993A
993/4
100
33%
33%
34
157
157
>100
1C1
*33 'A
34
156
99 Va
34
29
98
97%
,
*90
*86%
93
88%
22 Va
22%
22 Vb
156
155 7/a
100
99
34
*33%
.
157
900
1,000
10%
46%
10%
10%
200
28%
5.000
97%
7,500
:
100
34%
800
80
*108
109
*108
87
86 3/a
22
93
lOVa
r
93
*90
lOVa
10%
47%
28 Va
30
;-
46%
10%
47
93
863/«
*10
/ 500 f
470 /
6%
97%
10
48
28 Va
800
34
28
10 Va
*10%
19%
30
*47%
10%
200
96
*6%/
*
*10,
*90
*90
A/
•
7,600
*33.*
96
9,700
:,i'
2,600
*92
34
*91%
*10 3/a
99
13%
19'A
19%
*33,
i
'
5%
13 Va
:.*6Va
6 3/a
30
",30
-'710%
,;47%
No par
34
*91%
-
15%
5%
*98%/
13 %
19%
19%
*33
L
4
30
"19%
19Va
.
99
13
13 Va
13
3,900
19
18%
*14%
99
-"1,600
4,300'
45%: .47%
11 Va
11
:
5%
M5%
53/A
98
98
u
33%
U
12
■
19%
'
16
5 Va
.
-13'
*91
.47
*153/8
33%
A
18 3/a
„
5%
.
;
13
-
V
7
1
;
98
•
16.
5%
96
No par
*153/a
■
19%
33
preferredx..
x47 i'.
19%
7.. 19
13%,/
•
19%
34
conv
7,300
19%
•
*33
$1.50
/.
22%
*21 Va
23
•
600
98 Va
i,
A
20th Century Fox Film com..No par
410
3%
*3%,
19%
•='
•
100
*99
1,400
89
98'/a
«
5%
5%
5% '7 5%
1
common
43%
88
3%
*21 Va
24
10%
*42%
87
.
3%
'-.,3%
*10
;
19 %
18%
16
*15%
.
*19%
,
43
r
98
*98
193/a
*47
87
87
1,700
20
10 3A
42
1,300
7%
7%
19%
;•
18%
173/4
,
20
19%
20 V*
310
43
*42
v
50
98
19%
'"193%
195/a
99
*98
1,200
8%
*10
*22%
23 ''•
a21
400
>8%
8:%
48 •;
.747%
'.11% 711 Va
24
*20 3/a
19%
43
'
7Va
11
33/4
//:.
13 Va
'
42
*85%
3%
:
3%
43
•
42
87
87
w
3%
3%
33/4
23
42
40%
87/a
8 Va
"9 VA
44
',,9
1,900
11%
40%
13
•
400,-
.11%
11%
41 Va
13
19
*12%
11%
)
,5,800
11%
18%
19
400
48
11% '
;
*40%
*10
•'-7
42
..
.
86%
5
Air Inc
22
Oct
41%
11
:
■
A 6,600
12
*18%
* 8 3/8
20
20
*10
11%
5 % Feb
17%
"19%
18'A
15% Jan
9% May
19 Va
"
47 Va
Feb
94
19%
*10
'9
,30%
18%
ii5/b-
13 V*
'
,
293A
*46
47
'
12 Va
*42'A
"
//'
9%
42%
307/aT
s
5,300
6,200
47
41%
-7
9Va
":V*8%
11'A
Nov
27
9%
50
41%
•11%
*12 3A
',4'
44
43 7
••
*8 5/a
.9
19%
11%
49 %
40%
30 Va
?
46 Va
*40 Va
13%
'■> 9
45
•.
18 Va
C:'--
41 Va
6,600
41'A
30 Va
11%. 'I'
11%
•
'
50%
50
40%
30
'
87/«
8%
*42
18%
7%
Jan
19 Va
*18'/a
•
11VV-."
,39%
:
40 vA
'/•II3A
19%
-
11 % ..f
47 Va
20%
92
11%
11%
May
30
12%
•/
U
18
% May
Feb
12 Va
47%
5
Feb
47%
/
11 Va
No par
14
Jun
*46 VA
11%
99
99
.
——5
ITransamerica Corp
16
46
7
46%
2
11
Feb
11
27
85%
*3%
par
...No par
17% Feb
51%
30%
10%
5
Feb
7
30 V*'
*18
44
11
3% Feb
92
39
30%
46
8%
*8%
20
6
38%
30'/*
11%
,'11%
*42
45
104
*45
*12%
common.—.—
conv
Oct
Dec
46
49%
/
18-
19
xl8'A
18%
49
12%
.
No par
1
Co
Jan
Nov
29%
29%
No par
„
div
Feb
Dec
38 V*
.
18 3/a
49 Va
*123/4
53%
7
473A
38
•:
19 V*
-
12%
15%
30
19
49
123/4
10 '/a May
93
18 Va
48 3/a
41 Va
40 % May
34% Aug
18 %
Jan
Feb
98
52 3 B
*40%
Thompson
48%. Jan
11
24
53 Va
(J R)
Thompson Products com_.*_No
4%
preferred
Thompson-Starrett Co com—No
$3.50 cum preferred—
No
39% Feb
85
15%
537/a
preferred—_____50
Third Avenue Transit Corp..No par
Thomas Steel .Co (The).
..1
9% Jan
Jan
Sep
16%
15%
53%'
41%
$2 Va
14,600
15%
53 Va
*40%
Thermoid
600
53 Va
18 Va
15%
*40Va
The Fair
15
9% May
45
4%
15%
53 Va
18%
preference
*4 Va
15 3A V
49
400
10
43/a
53%
718%
/
Shares
share
10
10
•
*3%
4%
153/4
11%
conv
10
10
53 Va
18%
$2.40
Sales
the Week
15%
*11%
preferred
ccnv
'I
■'?
for
Friday
S per
share
$ per
share
*4
..No par
$1.25
40
3,000
Feb. 20
Feb. 19
53%
38
—.100 A
l_50c
common.*
10
43,'g
:
3,800
5'A
5%
15%
*4%
L.J-.. 4,500
••
85%
*84
5%
52%
43/8
47%
1
Ry Co^.
10'/a
*4'A
Thatcher Glass Mfg Co common—5
9
46% Jan
5
Ina
Textron
9
14
11% Feb
& Pacific
*9%
,
ctfs
share
Sub
18% Feb
*
Feb
12
\2
50% Jan
Feb
41
37% Jan
10
45% Feb
Dec'
18%
Feb
29
Dec
Land. Trust—
17%
183/a
Sulphur.——-—No par
10
Pacific
Texas
17%
17%
52 %
Pacific. Coal & Oil.
Jan
32
17%
16
*15%
25
1
:
Producing
share
4 3/8
•-
4,500
31%
15%
*4%
5
5
Corp
Corp
Tennessee
Jan
$ per
.
300
.
93A
*9%
9%
9%.
9
(James)
Talcott Inc
10% Jan
11
$ per
1,300
■
16%
Thursday
•
Feb. 18
400
*14%
■85%
,
1,600
•
39%
PRICES
Wednesday
Feb. 17
.•■■■
$ per share
$ per share
Par
T
AAA/
5%
■
2.6OO
19
"
5
SALE
Tuesday.
/
1«
Feb.
.Feb. 14
EXCHANGE
*85
7 5%
'
HIGH
LOW AND
Monday
Saturday
STOCK
NEW YORK
V
5%
5 Va
5%
STOCKS
Range since Jan. 1
•
Highest
Sper share
5%
5%
17%
18%
/'A
16
18
85%
*•
1,100
144
18Va
'
5%
19
32
17%
•
17%
85 V2
'
1
Gould Corp
Symington
A',
Year 1947
Lowest
19
31%
18%
16
85 Va
18%
,
32
*14
*14% 716%
—
60
37,100
9%
9%
•:
900
:
35%
16
v
16
2,800
;/.',/'
10 Va
/
*39%
Va
*14
//'
••:
144
•40
40
:
40
*39 Va
v
II,100
115 Va
10'A
*35
300
2,700
51%
16%
16
15%
15%
39%
Dec
Feb
10
1,300
v.
9%
98
'i;l
144
15%
Dec
5
144
39%.
18%
Feb
*19
15%
20%
10%
19
145
16%
*183A
5% May
187/a
1
*15%
15
9%
.10
19%
"
19
143
31% Feb
.V.'/
35
35
35 V*
-
9 Va
'
Oct
12
35
!
;
17Va
*92
V
10%
9%
A
10
'
115%
115%
*114
114 Va
9V
":
52%
*141'A
10
9 Va
19 7,
143
143 V
52
114 V*
-
35 Va.:'
35%
19
18%
10
9%
'.
.
51%
52 V8
114Va"
114%
'
.1,600
—
1,800
x51%
98
52%
4,900
-200 .X
14%
9'A
9%
9%
-
200
,
/
13
16%.
17%
*92
98
*92
-
i
10
9 V'4
10'/a
200
.
*18/' '? 18%
12%
12 VA
'
125/B
4,300
'•>:.• 100
29%
Va
29
19 7
*18
■
17'A
Jan
87 % Jan
'
3/a
12%
21%
8
14% V 14%
14%
17 Va
37%
27%
84 '* Jan '
'12%
12%
Jan
104% Mar
13 Va
17%-
Jun
Dec
29%
13 Va
12% 7
14%
79%
29 %
18
200
•
'3
":33% 133%
*88 \: .-90%
13'/a
14%
9&
/:
89%"
18%
'A
12%
40%,
37
29%
29 Va
*13
14%
*92
/:•:
.
•89%
12%
•
v
"
.
*88
19%
30%
& Co———
34-
33%
9.200 /
17,800
7,800 '
%
-11%; "11%
12%-,
*88
9,300
25%
37
37%
12%
*
•
14% /
,
*18%
52 7.
143
143
*37
1,200
'
'
/••
39
*39 A-
•40% VA
*39
12 Va.)
34.,.
A11%
12%' -
<
700 A
■
'.71%
92 Va 4 '92
93% .:.•"'•
12%
41-
33%
13 V2
14%
•
\9% 7 10Va
18 3/4
.18%
*138 '
70%
25 %
*92
93
-
38%
26'A
37%
••
29 Va*.
*
13
9% ,10
35%
35 3/4
35V4
.'39
V 71 %
*39
7 "88»A'
88
29...
115%
*114
9%
34
■
33%
*11%
37%.'
.',12'a -7
-
14,400
V-f
87%:
70 3 a
*37 ;
; 40 Va
•33%
.98
52
52
58 %
/
A'100
98% -•98%
58%
58 Vv
x25%
'
'M2»A
12 V«
99%
320
.5,600
21Va
87
•
53%
26%
*92
"7"
12'A :
,/•''/;/'
88 "
10%
10
98
115%
91
22%://•" .>'20;/;
17%
17%
17'A
10
;
9%
(The)—4.16%
__25
Sweets Co 0/ America
36% Jan
12%
*51%
...
20'
12%
*114.
Superheater Co
Jan
12%
9%
:;;26%7
83 '
99
Va
71
70 Va
253 4
"99 !l r 99 ' ,
A24'./A'.'24%V
*82 /":'"• 84 Va
24%
*87
•'
1,500
1,200 '
:'•; ;>;•? 20
26
21%
39
*11%
;~19%
*12%
10c
(The).:.——No par
Superior Oil of California
25
Superior Steel Corp
5o
Sutherland Paper Co
—.10
Sunshine Mining Co
3
*18%
17%
38%
72 • "■ '
'•
f9 %
*92
39%
*37
77
*19
>
58
'.'*39
*37 7;
w
26
100
98%
57%
*
67%
x26
23%
-
73977
■-
37
98%
91
12%
39
*25
A, 17,200,
5,500 /
*15%.;'-16 /
„->V
83
58 V*
"12
*37%
;■>'•
8%
*66 Va
-
3,500
)
' 30%
8 Va
;-V
.
16 Va
;
"*99
83-."
*82
99%
v
?5 3A
/
95
"12%
11%
12
26%'
26
*99 ';,. 100 '7/
23%
.23%
A
•
66
16%
500;
■•/
24%
20%
8%: '
;/s
66
67.
15%, 16'""
87%
70 Va
26 Va
25%
*91
95
11%
100
—1
cum).
Oil Corp
Sunray
8
18 % Jan
24
Feb
25%
25%
*91
12.50
(4%%
pfd
A
Jan
160
11
Mar
47
May
11
Dec
24%
Class
21% Feb
11
9% Feb
18% Feb
Oct
160
Sun Oil Co
"
13% Mar
24%
May
36
2
97/
58
31
45%
8% May
17% May
101%
Feb
Jan
117% Jan
9
v
13
12%
Jan
32% May
!
Feb
69%
/ 66 Va
•.
-
:
73%
24%;
V;''" 'V
22
8 Va
.V
21%
38 Ta
38%'"
71%"
37%;
8%
'
21%
57%
7
"
'
1
1
No par
No par
(The)
Chemical Corp common
$4.50 series A preferred
9
51% Feb
58% *
-"57%
37%
69%
8%
87%
99
14%
11
97
573A
57%
37%
69%
21
22' ".:
.,
V
*71
,73 Va
24% !•; 24 %-,;;-
21%
7
7 87
*71
73%
7;
7)
83
-
% i 22% 7
"88
21
99
14%
9% Feb
113% Jan
99
14%-
16% Feb
Oct
86V*
98%
98%
7
'22%;
14%
Feb
Apr
21%
86%
5
Feb
75% Mar
22
87
213A
♦86
6 ,Va 7
7
100
13 V*
Feb
125
83%
*82
I,100
:
.../' 24%;".24'%'),
•26
f
2,200 /
6%
6Va.
67%
*25
' i-;i' : *82
83*
"•
4 Va
6%
4 Va
6 Va
6%
24:7: •24'A
13
15%
109 %
*82
4%
4 Va
*71
500
72
16
*153/a
87 a..
'.*99 ;
'
24%
58%
2.000
17,960
4,100
A
15%
4%
73 Va
■
34 Va
15%
15%
'/a
6
46% '
*70%'.
;'V -„4>/a
'
21 %
46 Va
72
*70 V3
72
"
--
15%
4%
8%
100%
23%
*70%
'•16
67»v.
'28% «■' 28 %
25%
,
26'
•
100%
233A
23%
*88
17
Dec
25 Va
26
100%
*99
*59
••*'' •;
72
7 15% M6./,,
12%
May
May
59%
•8%V
'7
28%
10 Va May
July
59%
67%v
15% 715%
8%
90
16
51
8%
67%
15%
15%
12%
10 % May
114
59 Va"
24%. •725% A
22 7:
22 VmZ f
68
8%
*67
P) & Co Inc__
(J
11% Jan
105
35%"'"'
35'A
:
'400
3,000
.
26%
58 %
47%
34
7 35'A
59%
'
39
34
21%
46%
*71
1,400
21%
21 Va
47 ';
■
38%
•
21 Va
4'A
1,600
38%
26%
35
Va,
300,
%:
14%
*38
39
*38
39
21
21% -22%/
213A
'
v
46%
25'A
.
15
38%
47%-.
■
:
25
.
147/»
38%
21 "A
7" 6 Va
73 Va
*71
73%
1,600
26%
i6
6%
*6'/a
6%
*6%
3,900
6
40
;
147/a
14%
26%
!
*243A
4%
4
-
6
59 Va'
*71
27/100
*39%
27'A
*70
4%
4%
15%
6
26%
15%'
*15%
4%
%/,-a-; 50
•'
',.400
39%
38%
*38
39
'
15"%
4%
21%.
.
15%
35%
36% :
34%
Stokley-Van Camp Inc common
1
5% prior preferred—
A—20
Stone & Webster
No par
16
20
46 %
28%
preferred
3%%
Stevens
8
6
21.Va
47%
•15%
No par
—1
Stewart-Warner Corp
11
33
49
Dec
30
Jan
Jan
104% Mar
Dec
21%
45%
72%.'
5
———100
'
15
Jan
Feb
30%. Nov
34
88
21'A
45%
60 %
Sterling Drug Inc common
(The) L S
Starrett Co
22
*70 Va
pref—No par
$6 prior preferred
.-No par
$7 prior preferred———-—No par
Standard Oil of California—No par
Standard Oil of Indiana——25
Standard Oil of New Jersey
25
Standard Oil of Ohio common—10 !■
33A% preferred series A—
100
Standard Steel Spring common—_1
4fo
convertible preferred—50
17%
vl07/a May
37
Jan
109% Feb
27'A
263A "27'A
*59
Standard G & E Co $4
25% Jan 31
39 Va'
27 %
i
No par
49
'
41%
.
39%
27 Va
/
'
17% May
40
72
200
89 Va A "
■
>/4%.
39%
200
.
*21
'
/
14%
.'••
39
*38
4 Va
6
40'A
Va
33%
15
39
39
:
6 Va
6
;
♦39 Va
39
*
com—-No par
preferred
No par
$3.50 cum
6 Va"
39 Va
38%
4Va
4
.4
*
1
300
V'
-
,
1,900
V
*88 Va:,:
16
14%
59%
Brands Inc
Standard
36%
102
(E R) & Sons
preferred
$4
1534
14%
14%
14%
.
34%
—
5
common—_1
Square D Co
2
28 % Jan
14
23% Feb
2
29
104
15 Vb
•-
6 Va
34%
No par
preferred
$4.50
Conv
Jan
18% Jan
13
Feb 20
J99
Spiegel Inc
15%
39
*70%
Sons———1 f
—
1 ,
common————„—2
29% Jan
16
25% Feb
Feb
•
29
10'A Jan
70
15% Feb
Jan
Nov
Nov'
24'A Jan
19
19
15%
3%
.
*58%
Kellogg &
Sperry Corp (The)
Spencer
29% Jan
6
45 %
1
_
3%
5%
27%
No par
preferred
$5.50
Jan
Feb
66
Feb
45%
112%
13% May
27
Spear & Co common
7% Jan
73
Feb
8 %
Feb
99
7
20y
20% Feb 20'
Feb
Dec
8
68%
•'
4% Jan
11
17
•24% Feb
Oct
24%
16% May
Jan
Jan
71
31% July
Sep
Jan
18
4% Feb
Jan
Dec
4% May
73
6Feb
Feb
6
«
15% Feb
Feb
73
5
11,
Jan
71
Aug
20%
Jan
3%
5%
*213/8
Southern Pacific Co
Jan
Apr
May
34%
28
21
40
25
*-7.50
No oar
Southern Railway common—No par
5% non-cum preferred
—100
Mobile & Ohio stock tr ctfs—100
Spalding (A G) & Bros Inc
—1
Sparks Withington
No par
Southern
88
21
38 3A
25
California Edison
Natural Gas Co
Southern
37/a
25,100
:U
'
,1
'
'
48
48
33
88»A
20%,
5%
16%
2,000
i 2,800..
.100.;
..
." 99%
99
,
7,100
;*32%'.:33%A;'.
*31%
32
♦88 Va
'"
.
*17%-,'18%
\K
91 «
20%
31%
1
100
10,500
•
37%-/
15%.
•
18% '•
50
20%
15%
14%
Va""'.
100
*48%
*48Va. '50
'
.''
28%,, 28%
.
100
<
1.900 A
'•
/■'• 6."
'.37%.
.77
*173/4.
18 3/4
♦17%
8,900
.
4%V,"-4%.VA "-V
;/
39
153A"-:' 16
91
*20; a
15%
40
4%
285/a
*37%
99%
33
;
20%
*39%
39
99
*88%
15 Va
40
28 3/4.
153/4
"18%
*32
15%
—50
preferred
8%
„
90
20%
*39%
4%
28%
4%
'
15%
50
33 '/"•
:
*88
4 Va
28 Va
♦37%
■
;
30% ''A'
•
6
"■
.6
6
•
98'A
'
50
*3%
Greyhound*Lines
5
Rico Sugar com—No par
South Porto
*17%
20%
15%
20%
Platinum——1
com—7.50
preferred
5%
51
*32
.
30-
*
.".is/.;'-.
*48
50
90
Southeastern
14% Feb
18
1
South Carolina E & G Co
5% Feb
'
18
32%
6
V
15%
98
*88
*12% ;; 12%
"
15Va"
97
*31%
Smith (A) & Sons
14%
12%
*(j7
30 3/4 : ' 313/4
;
990
15%)
•
V
.
39 7
*37%
.
15 Va
95 %
*48
8
Feb.
1 39
..
15 Va
18
.3 Va %
Va Jan 15
88
29
94
(
24% Jan
Jan
*37
39%
*
43/4
'
28 %
..."
'
15%
10
Corp—.—,
(A O)
A
28
14%
*12%
13
31%
6
6 Va
Shares
„//',:6'J r-K''
*14'A v .14%-:/,
14%
•
30%
the Week
V'i9%Zf20VAAV/
•
for
Sales
;
Feb. 20
$ per share
'
'
"'■% ' ' 4%
43/4
4%
27%
14%
Friday
-
share
V/19%/ 20- r'vl"
*68
"70
L'
199/4,;
69Va
♦12%
31%
94
Carpet Co com__20
cumulative preferred—100
Smith & Corona Typewriter—No par
Socony Vacuum Oil Co Inc
15
Oct
5%
Smith
4 Va
27%
*37
\
5
14% Feb' 11
Oct
Jun
6
4%
19 Va
i; "
14%
12%
$ per
;
69 Va
71
14%
14%
12%'. 12'A / ."v; *12'A
\31
31%';
6
6%; 7"- 6 7
27%
Co——
*69 Va
;
30%
31%
6
71 >:
143/8
12%
31/
Coalition Mines
5
—No par
Simonds Saw & Steel
No par
Sinclair Oil Corp—
—No par
Skelly Oil Co
15
Sloss-Sheffield Steel & Iron—
20
5
'
~14%
14%
1 77- $ per snare
share
per
Feb. 19
Feb. 18
V/ ;.r^l8% :18% % '.i:
19
18%
*69 Va
Silver King
Simmons
19
71
15
—1
'—1
Sheraton Corp of America
Union Oil
Shell
8
share
*12
V'2$
Thursday
Wednesday
; Feb. 17
,
,
$ per share
*69%
No par
1
G)—
Pen Co
(W A)
Feb. 16
*18%
*
Monday^ February 23-5/1 948
•
PRICES
SALE
Tuesday.
Monday
Feb. 14
commons-No par
pref series A
No par
$3.50 conv
Dec
14'A
82
i
Sharpe & Dohme
8
70
i
■»
EXCHANGE
Highest
$ per share
Lowest
1
.,
-.
HIGH
AND
.
NEW YORK STOCK
Range since Jan. 1
Year 1947
"
1.
-^ *
_
RECORD
NEW YORK STOCK
STOCKS
•tvy
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(862)
109
*90
93
*86%
88%
22 Va
-
22%
.
80
4,800-
154%
155
1,700
98%
99
1,000
33%
33%
500
%*■>
Range for Previous
STOCKS
Year 1947
Lowest
$ per share
$ per share
': 16%
May
102
i
25
75
V#
Dec.
22% Feb
Sep
120%
Dec
;■
Apr
77% Jan
12
Nov ;
19
22
Sep
24%
■
16
.
10
26% Jan
2
86-Feb
-2
22
-Jan
50
15Va Jan
Dec"
27% Feb
20
Nov
29
Feb
5
V-
Dec.
t
Feb
3% Feb
11
;
83
,
Jan
48% Feb
•'
2%
4%
Dec
41
.
Dec
'
,.5%
Dec
65%
,
Dec
11
Jan
53% Mar
10% Feb
«
95
40
Feb
5% Feb
Jan
55
61% Feb
United
5
14
70
Jan
9
11% May
19%
Oct
16% Feb
13
20
Jan
17
May
43%
Jan
37 % Jan
21
42% Jan 29
V 44%
t
Jan
20->
Dec
;>■12%
May....
i-15%
23%
Dec
.""'171 S
'
7i%
Dec
io
'? 46%
Apr;
Oct
>165
-
Dec
81,
;t •80
.^Dec^V 150
.133
*17%"NOV
•
.
Feb
'
8%
•
17%
83
18%
17%
17%
83%
83 V*
83'A
14,100
82%
19%
82%
81
19%
19%
81%
19'/a
''":-v,V 12 Va
12%
1,100
1,100
28%
28%
Biscuit Co
—No par
Carton
Co
*19
Corp——10
L.
Dyewpod Corp common
preferred
l—>--
■
•
16 - /
11
Jan
15>
■-J
5
:
9%-Jan
8
>-'48
1
,.'5%
100
61%
16%
17%
70/
7
13
Jan
v
•.
7%
38 l
"
,
20
Dec
Feb
23%
Dec
'163%
11%
Dec
192
Mar
Dec
29%
Feb
50%
Dec
91%
Feb
-
28
13% May
/
22
Feb
f
12% May
26%
Dec
84
7
20%
-'•
Nov
39
(.
..
.
./64< Jan
7
^
4%%
v.
;
-85% Nov
13
16Ta 4an-27
14% Jan 75
16
26
5% May
10%
86
Feb
13
42
Feb
10
47% Jan
87% Feb
2
89 % Jan
7>A Feb
Nov
121
93
Dec
31%
Dec
'
7
109
.j
:.V
31
38
Oct
30- > Dec
V 30 ; Aug
10
32
Nov
33%' Oct
19
10
43
STOCKS
Lowest
$ per share
$ per share
NEW
Highest
:
••;.
->>13 Va
YORK
,
•/.
'36
•
90
43
/
'113VA
",'17%
32
.
.
57
13%
.
29 Va
.
75 VA
Apr
.100
17%
Apr
Apr
1.0%
88 V2
63
Jan
36%
Dec
14% Feb
11
16
Waldorf System
15% Jan
8
32 % Jan
23
Jan
19% Feb
11
22
Jan
Dec
Feb
8% Feb
11
10% Jan
2
Feb
11% Jan
22
12/ Jan
8
106 Va Mar
85% Feb
15
Dec
18%
Feb
10% Feb
10
36%
Nov
25% Feb
5
20% Feb
10
Dec
27
91
Jan
8
2
Jan
25% Jan-
'87
20% Jan
5
Feb
17% Feb
16
26%
Feb
18
Feb
10
21 Va Jan
Dec
41
Feb
25% Feb
14
30% Jan
19
Dec
12%
Jan
Jan
52%
Nov
5>; Feb
7 39
Feb
10
6 Va Jan
11
48% Jan
83% May
;
16%
90
Feb
80% Feb
13
86% Jan
21VA May
34%
Jan
20% Feb
11
24 Va Jan
13% Feb
;
13
,105
Dec
117% Mar
106
Jan
17
6
31%
'28
32
Monday 7
/ "Feb.
'
>—100
65
'62%
121%
Jan
17
//
114% Jan
5
117% Jan
.103% Dec
112%
Jan
104% Jan
9
108% Jail
116% Aug
105% Feb
11
110% Jan
Dec
>•32% May
.105
Dec
47
Oct
113
38% Feb
100% Feb
Jan
5% May
10%
Jan
/ ,38% May
14
17
44
Jan
105% Jan
65
'62%
14%
'
14 Va
•15%;
'14%
j
6% Jan
2
8% Jan
'30%
Jan
34% Feb
14
44% Jan
10
9%
Dec
8% Feb
10
11% Jan
10
42%
4
32%
26%
bee
65
/' 17
90
May
27% May
Sep
26% Feb
'
5
35%
'101%
20%
20 Va
.20'/#;
203A
8%
101%
'IOIV2
20%
20»A
8%
11%
86%
103/4
11%
'85
'101%
20%
9
.'.v'/'
•:
20%'
9
113A
9
113/4
11%.,
17-%
——5
26
19
25'A
18%
11
32
Jan
28
Jan
12
72% Jan
18% Feb
11
203A Jan
26
Oct
32% Feb
13
37% Jan
25 Va Feb
11
Dec
30% Jan
88
Aug
85% Feb
11
S4
94 %
Dec
106% July
91% Feb
11
29% Feb
16
30
Nov
26
May
82%
May
31
May
90
Dec
26% May
Jan
43%
Dec
62 Va Mar
99
"55
1
Dec
102% July
34% Feb
7
85
Jan
76
Dec
80
Jan
5
103
Feb
99% Jan
22
Oct
38
53%
101% Mar
34
Feb
86
Feb
Feb
5
5
Feb
20
19
Feb
11
10
Feb
84
11
90
29% May
5% May
34
Feb
12%
90
Dec
For footnotes
see
27% Feb
page 24.
Feb
9
Feb
2
Weston
2.;
Westvaco Chlorine Prod—
Common
4313/4 Jan
90% Jan
90
28
Jan
7
100% Jan
:
•; Jan
Elec
Instrument——12.50
9
6
90
Feb
6
3
28 3A Jan
15
11
11% Jan
2
■
116
38%
corn..—No par
22%
17%
;
35%
•
$4
Prior
Wilcox
preference...'..__No
preference
Oil
Co.—,
——z
par
20
5
-7VA
'8Va
9
9VA
'263/4
'283A
'68
70
'
18%
19
82%
21V4: -'21%
14%.
14%
14%
107'/a
'105
1063/4
'39
„;
.
v
.
101
3.9 Va
7%
35%
35 3A
9 Va
9%
'26%
v
29
'27
29%
'29
10
76
'68
18%
19
VA'
23 %
700
'17%
18
600
'17%
18 VA
300
26%
,
18%.
26%
800
5Va
2,100
.
,
19
41
40%
41
20 3A
21
2,600
.14%
14%
14%
2,300
'81
82%
107%
'105
116
'115
105
10434
104%
107%
107%
107%
107 Va
270
39%
600
19
39%.
101 Va
39%
100%
.7
100%
9%
1153/4
'37
101
7
35%
107%
%
'7
35 VA
35 Va
9VA
8%
600
2,000
8%
1,500
27
71/
27
27
200
29
.
30
293A
'28%
29%
300
70
'67%
69%
200
'67%
19
27
19
19
1834
19
33%
33%
33%
33%
33 VA
333/a
333/a
33%
33%
33V2
27
26i%
27
26 V#
26%
26
26%
25%
86%
25 Va
86%
86%
87
87; ?
93V4.
'921/4
931/4
92%
29%
30%
.'30%
'100%
38%
37
106
86 VA
„
'
86%
N.
94
931/4
36%
'35
36%.;'
37
88
88
88
85
'78
85
*100%
38%
39
88
86%
;
106
'100%
40
39 Va
401/4
88
..
87%
'77
106
♦ioo%
88
VA
35%
35%
87%/.,
'87
873A
85
—
'80
85
106
„;
87%
87
24
24
201/4
19%
19%
19%
10%
10%
10%
10%
10 3A
10%
10%
10%
'90
91%
'90
'27 VA
28 Va
'27%
91/4
91/4
9%
9%
85
■'863A
87%.
20
28 VA
88
87
86%
87
24%
£'7%
25%
91%
1,700
87
'80
38%
20%
9
35%
'34%
38%
38%
IS3/*
'27%
300
700
39
39VA.
"
:
a
'23'•
"
10%
913A
'90
91%
'90
28%
'27
28%
'27
9%
10
10
9%
VA
24%
20
"IOTA
91%
28'A
10
170
95 VA
30%
'100%
25 VA
25
89%
'29%
106
39 VA.
5,100
5,900
16,000
'94
;
'100%
26%
'90
•.
89%
9514
30VA
20
.
/>
88%
'93Va
20
■;
v..
'29%
-
30%
88
36%
:
94
X30%
'78
>.
.
31
'36
80
7%
26
31
30
35 Va
33%
'
60
•
101
•
26
'91%
50
105
333#
"'29%
1,400
21%
'105
>■ >28
.
5
25%
'85
400
26,000
22%
'115
7%
7%.
35... z,35%
'83A
9%
29 »A
,
22
823/4
1434
.
....
;
26
1,000
23,300
82%
107 Va
'100%
•
'71/4
.
11%
11%
21
107%
,
106 Vs.
40
•
100 7/a
2,900
26%
5%
'40%
82%
'
115 VA; 116 '
19
19
41%
'5
'104% 1053/4
9%
70
70
5 Va
'40%;
83
213/4
210
4,500
9
86 Va
'22%
26% >26%;.
^
18
400
800
-
1053/4
29 Va
>30
18%
115%
30
'28
'
'17%
115%
7VA
35%
•
'25% i 28
'25VA
conv;
*
:, .3534
.
%:,
5%
>
'
34%
'86%
com..—z_l
51/4
18
18%,
27
18%:
'26
41
106
39 VA
101 VA
11%
.
'1043/4
Va..,,
101V2
20
1
'17%.
18%
26 Va.
100
15 VA
11
.
22%
27
65
31
'85
22%
22%
14 Va
105%
;'38%
prior pref—No par
White Dental Mfg (The S
S)___
Motor Co
White Sewing Machine
White
115
11%.
86»A
11% : 11%.
27
'26%
22%
'105
,
107
106
'U%
22%
21%
143A
39%
88%
conv
Shares
20%
'85
22%
'81
.
107%,..
'101 /, 103
7 V#
7Va
85
Wheeling Steel Corp
115Va
11%,
215/a
•
'88
preferred——100
13%
'104%
108
'35
$5
for
the Week
102%
8%
22
41 "
81%
21%
'105%
105%
>
'106
'78
.___
12% Jan
108
'115 V#
'f 105
80%
•
14'A
'105%
No par
5%% "conv
Sales
20%
9
22
'5VA
..
40 VA
21%
21%
v*
$3.75
preferred—___///„No par
Wheeling <te L Erie Ry com.—100
—
..
12
273A Jan.. 7
23 3A Jan
5
23
Feb
,
Westinghouse Electric', com....;i2 Va
3V2% cum pfd series. A./—100
3.80% cum pfd series B__/._ 100
5
Feb
A/.———100
9
92
Feb
com__//No par
32% Jan
13
17%
pfd__'____z.100
RR
series
98% Jan
5
29%
July
10
47% Jan
19% May
9% May
v
:
Jan
Pacific
90 V
,;•/
'101%
.
20%
'26'A
26 Va
5VA:./
5
40 VA
83
21%
'14
100
Western Union Teleg claas A.No
par
Westinghouse- Air Brake——No par
5
105
'80VA
■■■»;
Co
'2nd
non-cum
Preferred
8
Dec
4%
Western
5 Va
102
26
>'18%
.
143/4
'30%
21%
2 6 Va
40%
102
86%
11%.
11%
'y
*5
40%
7% preferred—_//—-/—_///-100
6%, preferred__z___j/>//_/—100
3
5
38%
ti
(The}__No par
Class A ■— Zzii———.7
No par
15
1,000 V
32
;/*63V>
63'A
22
18%
25%
'18
1
27
il %.
11%
17%
'25%
63%
.
'85
86%
11%
65
8 Va¬
11%
'85
86%/
103/4
10%
102%
22%
Western Auto Sppply Co.—10
Western Maryland. Ry com——100
Jan; 10
28% Feb
69
31
*
r
Feb
26%
/ 22Va May
.
Dec
Mar
1.100
30
Friday
31
102%
30%.
102%
21%
4VA % preferred...—^—/
Western Air Lines Inc.
29
75%
May
9% May
Dec
7
'
$ per share
15%
30%
'85
par ;
12-
'
31V4
33
33
'28
•Feb. 20
$ per share
30 Va
8% >7 9-v-/'
West Penn Power 4%% pfd____.100
West Va Pulp & Paper com..No
5
70
18%
37%
'29
14 3A
'11%
V:
'62%
17 Va
/
6
■-;;;
32
30%
20'A
.No par
65
21%
13
300;
114VA
'30%
14%:,
101%
.
Corp/-/./..////I
23
.
1,300
16,400
'18%
Feb. 19
per share
73/4
16%
Thursday
.
Feb. 1H
',$
~
95
97
'36%
v.
7,!
,3i. ;:/;■;
21
>'
7
32
1,000
113%
33%
30
_30
93
16%
31
:'23,;>;
'29 7'
14%
17%
■
31
'33
28%,
30%
21 VA
Elee
31
33%
'27%
$ per share
_
21%
Penn
'30'A
'33
,
92
'
114%
30%
.28%
88
3,800
1,300
44 r>:
73A
18%
LOW AND HIGH SALE FRICES
7.
Tuesday
Wednesday
'
'86
'88%
'43a4
16% 716%
37VA
17%
West
108'A Jan 20
,112% Nov
>106%
9
16%
600
25%
'87
'18Va
33
25%
300
13
'95
'36Va
.
23%
,
18%
.733
600
131/2
/-
:/
8
37%
18
143/4
13
■r;V
95
114%
14%
'13
95
8
95
•"• 115%
57V2
;';: 3,200
■/■'■■ ■/:> 80
'89%
Vi
21%
19
'87
7%':
40
■
''23
93
30
30
Webster Tobacco Inc
—:
—5
Wesson Oil & Snowdr com—No
par
$4 conv preferred
—No par
West Indies Sugar
2
v
Jan
-
'89VA 7
95
16%
'114
•
>
15%
'14'A
_No par
....
5
95
-
7Vi
'93%
:/»28 77;3l7:y:
$ per share
♦62
.No par
—
Wayne Knitting Mills
Wayne Pump Co
2
v
'87
8
95
,
5%
37%
7
'89% 7 03,;
7 95
400
152
I2V4
V1:*
90 7
43%
,
'
-
200
800
'56%
87*7
,
'36 VA
20^8
10
88
43%
18%
Washington Gas Light Co..,.No par
Waukesha Motor Co
/
—5
4
Jan
...
37%
26%
2
22% Feb
'83
,.
43%
'36%
26'A
2
30
.
Jan
23%
Sep
>
.•*(*".'•/
12'A
25%
'
Warren Foundry & Pipe..//.No
par
Warren Petroleum Corp new com. _3
5
:
17% May
20
:
Walworth • Co
.No par
Ward Baking Co common
5% %
preferred
;
2—100
Warner Bros Pictures/—z —5
5
13% Jan
32
preferred ..7/100
common
preferred
Walker (Hiram) G & Wz
29
13%
Co
4%
22
>19%
Dec
Walgreen
90
43%
•
'/'
19 V#
152
13 Va
,
"
•
4%
19%
15%'
/ '18 Va
'
$ per share
'84
17
'
♦14%
25%
7,400
*'
33VA
4%
;
1,400
4VA
'30
713% :i3V4
'22%
23%
25%
93 7
5 Va
2,100
-
95
'16%
151
."•'"
1,600
.■;,» ;
00
.>/;>•'; 500
9%..
.
is
4 VA
4Va
19%
13 7
18 VA
'90'A
;■
2,800
; /- :
100
1'
19,300
/
39 Va
'9'A
•
17
.
300
VA
133'A
".'' '5
57 Va
7/
8,400
69%'
t
1323A
33 Va
10
:
/>:
Wabash RR 4%%
103% Jan
May
19 Va
2
9
12
7
Jan
11
21
.
66
Feb
X30
July
24%
Feb
100% Jan
Feb
109
.Xl7% May
7Va May
.
Feb
1
'19
y
13
7 90
114' '114
32':/;"
Feb. 16
ViV
90
69Va
,
4%
.
/
'
.
13%.
25%
90
W
•
V 4VA
'>41/4
V
•/J
,68
18 VA
15 Vi
■
" 43
,'38
95
;
6,700
40%
'67.
/ '• 5% -i
••
9 Va
9%
^9ovi :
100
/
132
'43
VA
68 ?•
,12'A ■712%
22% "22%
X?4':,n
43%
7716%
.
Feb. 14
'
'94
,
16% :
.31
'28
13 VA
;
25 Va
7VA
94 VA
33//;
v '28
Saturday
Par
40%
'56Va
58
;•-, '14%
.'80% 7037;
'
"
31%
32%
•<
,
Vs.
43%
7
7,../;:.;
STOCK
'56Va
22%
13
:
90 VA
132,
:
134:
'
?150
.
12%
r:V
'83
18%
36%
'36%
29
28 VA
c".'
:
19%
152
mi
•>7713%;
.
2,300
52
25%" "25%
18%
'
114%,,
; '30%
32%
29
'
/•j; '19
-,;:./y 152
900
5,700
42
41%
'50
;
38
'5
•
■
800
•<
S
"
44
18%
•
:
800
;::
9>A
.
'87
38 V
4%
15%
7%
7%
31
*8%
70 Vi
133%
"
5
41/4
13%
•'85/
,/
VA
95 7
94% (
; i "6%
;./"
32%
y
v
5 %
•
3
rt;
"69'A
181/4
4% ''
4%
25%
;/
90
•;
43
7%
36%
31 "7
68
'30 Va
58
22%
25%;,
'85 "
113'A
18%"
'17%
"
;90
/
'16 VA
.
•',;'
;;
■;
18%
"
38Vi
15%'
13 V*
25%
'83
^
";7
•16%
9'A
43%
"■
68%:
"
>
113'A
xl8%
,,y
43%'*
13%
?
21%
.
'87
95
■
/ 40Vi. :• 40%
'/132
132
40%
Vi
.
16%
12%
'56Va
15 7%
13 Va
/■ 21%
'89% ;; 93
/
•'
'37
;
>
33%
153
121/4
900
6'/a
,"30
;
-
,19%
;
41% y 42•
51% ■••
26%
26%:' *
132
>;-'30VA
V V"
16%
:
35
.
...6VA
"'30
'50%]
/
9lA." 9vi
'90%
95
i.
.-
19 "
;/»19
" ./
•
y/13%
,
93
7%
19%
17
153
58%
95
EXCHANGE
$ per share
-,
'58,
7/a
16%
B7
//'38
/:
60
12%
72
.
34%
6%y
30
33%
4 3,a '•
n
35
1/4
175
12%
'70"
■
•
-91/4
-'I6V2
" V
o
30
41%/y
v'y/ '4%
'30%
'34 V A.
"8Va
25%
18
3'
5
;;
2,200
*
•
51%
18 VA
38%
70
97
'173
12%
72'
9%
f-69% / 70%
/ 133 Vi 134 f
'
5,000
16 %
95%-
173
'70
19%—"
71% j i
134 / v
—
17 VA
89
'15%
96 VA
.12%
-
>.
68%
4 Va
y 155
'89 v;
preferred../
Range since Jan. 1
Highest
,
>'■
v
4,700
17 Va
16'A
173
12%
72 >.
25%
600
14%
89
is
92
96V4
175
:Z
8,700
21
■
'
96Va
•
.| ..• 87
/,>•'x 39 Va'
j X132 yt
-
y
-
'90% • 95
4% ••■;.;
33 VA
'87
'91
18
'
:
SO
—1_„____100
Va Iron Coal. &-Coke 4%
pfd—_25
Virginian Ify Co. common—
__T25
6% preferred.^..:
__25
Visking Corp (The) _/w/j_'__.—5
Vulcan Detipnlpg Co common.i.7.20
•, 7%.
cumulative; preferred.—«_20
34 yJan
8
32 V2 Jan ; 5
32% Jan 13/
19
'85
'42%
;•/./
'50-;
;•
•
Z/Uf'vy
-
13%
'85V4
$5
8
;
'15%
'<,v •' ViVt 42%
?/-'67%
43
^
'38
--
19%
■19%
.?i52
90
:
137
'18
'
■:
-
17
,7?
15
25
6% div partic, preferred—...100
Virginia Eiec& Pwr Co com—No par
37% Jan -30
13
Range for Previous
,/,y
Year 1947 >..>:
$ per share
Feb
28% Feb
32% Jan
8
16
Jan
13%
-
'
•
?16%
/
.!
-
22%
'25V4
preferred../....100
•y
'-•41-
9%> ;; y/. avi
;-
'4%
v; 134
-
-
4%
13%;
'21 Va
7-3 Va> , cumulative preferred
100
3 % fo: preferred 2nd series—7.100
Va-Carolina Chemical com...No par
Jan /8
34
!
,'13%
Victor Chemical Works common...5
:
69%
y
5%.
-
•.
19%.
2.50
2
'•
40%
12%
Vicks Shreve.& Pacific
Ry com.^100
5% non-cum
Jan; 5,
20
6
30 V» Feb
Feb
,
Vick Chemical Co./
'87
'67%'
38 Vi
-
i,
4%
59.
'89
16'A/
4i%
-
'/#
:90 /
/ >-\"'42%
70%:/
m
;
.,
155
89Va.f
'8%
i,
26
'132%
:'•*,
V./ '90„% -95
16
■•:',/* 141/|-
Co Inc
16
r.
.
16,Vi Feb
114% Feb
77,.
35% Jan
,33 Vi
Lowest
Jan
Jan
:
106
Jan V 6
Feb
40
,
Feb/l8
10Va Jan'
11
Feb
45
*
11
Feb
>14% Jan
■>•
Oct
18
4 34%
907
Raalte
new//./L__/_ 10
Vertientes-Camaguey Sugar Co__6%
Oct
Nov
16%
10
Van
29 Va Jan >6
Jan
112
May
;/t: Nov'.
•107% Dec
11
14 V# Jan
3
V* May
97'A
14
X24% Feb
-
Nov
50%
95 J, Dec
2
>
Vanadium Corp of
Amerlpg„rNo par
Van No?man C-o/i^s,—7—^^.2^0
-
7, Jan 23
Feb
94
104
{ 69
t
Feb
-94%
; 35% May
85 v Dec
4
10
;f
;
32%
i
I *58
v
.
68%
■
19%
preferred-u.—-.—i-_^^_il00
•:•:
42%
; ?5 ;;
4% ;;
12%
14 VA
is
80
50
21
14 V4
;/• '■rl9%
9Vi
25%
49'/a
21
'
-
'50% ;■ 52
i36
f;-; 39%.
•
t
95
16
=■152
4i32%
:/;";69%
9%
-•!
49Va
.
14%
'121/4
40% /; 40%
Vi
I
*i32 %■■; 134
18
17% e ._/17%
I
'4%
/;'■
40%': '
.■■•
.
39%
'29 Vi
...
17% Jan
••i5% Jan
'8%
26%/A /
:-'/42%
132
4^4
49%
-
,
30%
19% y 19%
'/
51
90
v
•
.'9%
1,400
34VA ,'.34% V
!■'>•• 6 V4
6 V4
y:
30 'A
30%
•
6 Vi
29%
;V4o//"' 40%//:
,.
.
69%
'90%
38
20%
'70
34%
■'6 %
9%
68%/; y;.'67%;
69Htf
38
14%
'172 Va
y.
72
34%
.
<
19%
'87
42 f1
h
■
39%
.
40%': v",
•
6Va
51%'
25%
-
90
•
38
21 Va
96
■
172%
'70
29%
:.
'8%.
•,
•:•
25%:
'67%
_
19%;
-9%V
42
-.C-y'.^-SO
29%
.
'130% 132%
"r.
12 Va Feb
12% Jan
/••'
/,
52%
:
■■•'■
6%
:
39%.
'
40
;
14%. Feb
Jan
• '
6%
19%
•
4,600
75
89%
'12% V* 12%
y
/>. -34%> 34% /•
5%\
.21% Feb
;18V# Feb
14% Dec
;
72
30 %
'38%
11
Jan
12%
'70
.
17%
38
49%
.
'15'/a
96% >96%
172%
173/4
'66
14%:
;
1,100
18'A
17 Vat'
16'A
5%
75
'
,;12%
34 •.:/•>
•:
-
•
5%
200
'67
21%
"
174%
•
12%
72
25%
'
57
">172
95%
51/4
6,800
xl7%
40
49VA
-
3%
53
18 Va
'38%
91
'15%
•
5»A
3%
'51
70
17%
39
90'A
16% '
,
5%
'65
■>"•17% '■•: 18%
92
93-,,,
172
-
'87
;v
,
'91
'15 Va
'8%.
.
13%
.-
92
16%
94
;
39%
-
5'A
17%
14%
'6%
2
4% Feb
5%
66
21
19
8. .;-; UniversalrCvclops eteel Corpj>r_^_l
14>*'.;- Universal. Baiboratpries Inc..*/v__1
/: 19
Feb 17
;//' 23//Jan '2 "V; Universal. Leaf-Tobacco ,com_No par
150
Fee
6
163% Jan
5 >/> 9%;
preierredli/—^-^--^.^100
:
12 JAFeb'13
14 %-Jan :'- 7 ." *. Universal Pict'ures Cd lnc 'comj..^._l
.
'
2,100
'48
50%
'29%
...
■
4% May
41'/a
14%
34
>
11
12% Feb ; ..;/•«% Feb; 11
81 VJari/
96% .Dec
109% Jun
93
Jan 29
5%''Dec-'*' 10% Jan' :
.4% Feb
5
,x33% Dec
52
Feb .; : 31% Jan-27
V
16
22
• Feb
May
16
Feb 13
V'
41 Va
21
12%
/.
'
41 >/4
48%
17%
Jan
4% Feb
:
411/4
14%
r 132
'
411/8
21%
*71
i
Oct/;
'40%
29,800
14%
'91
800
5,100
31
2%
21 %
'92
'28
2%
14%
'15%
31
21/4
21%
-
'28
3%
3%
17%
39
18
12%
28
51%
49
17.%
123/a
27%
2 Va
48%
-
19
12%
28V4
3%
48%
17%
19
12%
49%
39%
17%
19%
600
x27%
:■
11,900
2»A
39
%
19%
23%
107
49%
5%
v.-
23
107
2Va
65%
•"
24%
107VA
2%
14%
5
preferred
5%
17%
•
31
3%
49%
2%
41
62
23%
'106
19%
'28
3%
39%
'50
.
5%
24%
106 i/a
41%
y (. '48
2%
40%
17%
31
'
3%
48
.
>.10
"
49%'
62
<
'28%
.
y'y,
'20%
•
Partic ■& conyt .clasa A_>—.No par
U S Llnep: Cocommon.—L
—1
"
12%
29
38%
Mfrs Inc com—,—1
"
5%
•-,
12%
2%
40
24
106%
28%
3%
'48
61%
5
<,A.Va % ..preferred'.—
v. ...
1
2%
40%
24%
107
12%
31
; 3%
50
2%
'39 %
>
Feb
66% Jan
3%
24 %
29%
29%
'28%
«
Engineering & Foundry —..5
45%J,aa,io:"'
./12%
•
29%
31
3%
2
21% Jan
19%
12%
29%
,'26'
U S Hoffman
Machine-C.orp.^-l^.S
•'/■ 4%%, preferred——,._>_100
;42%:Jan ' 9 ; ' U .3 Jndustri^l
Chemicals_/T.No par
8% Jan 5.9/K: U S Leather .Co'/cojhmon—JLNo par
36
82
19%
12%
No par
?
'•
Mar
48% Feb-
,
18'A
83
6//.-90%.Jan/9 ,/> :.3%v%-eum/Rrd seriei/Au.^.^100,
yf"38% Feb ll. t#; 45% Jan/ i / U S Rupber Co common——-i.lo
130
Feb
2
1371/#'Jan 13 / /• 8% non-cura 1st preferred.—100
,-1" •' '-y-.//■,/
'■ "•
ji •*.' •w.-.Av.'V:'
41%: Jan.« € '?/■<■ 47
Jan r30 -u • U .S Smeltirig/Ref & Jlin com-l.^50
/ Feb
J>. Dec ^'r
23
/
;Dec ;
38
/:■; 5'..: ;Jan
18
81
25% Feb
Feb
•V'61% May
18%
81
172
10 v!
Feb'
87
V
51% Jtily y
v
cumulative preferred... 100
72../Jan^
,
■fj 393% Feb
;'V:49 '. "Jan;
.
127%' Dec. *
18
U S & Foreign securities
No par
$4.50 '1st preferred ——Z—Np par
12
14% Jan
11
9 •'-Jan
.
107
18%
18% Jan i8 y;- 'U<-.S Freight
I
;
.NO par
105% Jan 12 '
U S Gypsum Co Common.——_2Q
16
Feb
Feb
18
107'/a
United Merch &
5
Jan
24%
'106%
18%
6
29% Feb
-
...
67
-
:«:■ '6-
Oct M
.'
97
;1:
Feb? 14
Nov
>24%
■-
38% May
ll
'/a Feb J 2
17
21% Jan
20
71
-.
v
46% Dec t i' j;:73'^Feb
v'V 23% May./' /: 39
Jan
Dec
103% July
"£ J92
*
40% Dec";-:'
60% .Feb"
*"
/'
Feb
170% Feb
.
'
■
20
15% Feb
;
V>35:^ May
■
39%
•:
,
.Feb
22
Shares
23%
18%
United- Fruit Co——par
United Gas Improvement Coz__13 %
12
16%; Jan
•
92% Feb -11".
Feb. " t
9%' Gct>
'
K
9'V» Dec
v
89'
v
"53%
Jan
Jan
17% Feb
Oct.
Feb
-94
•
>
5% May
25%
-i6%
13
Feb
33 %-Jan J" •>1234- Feb
•;
Dec
"/
.
56% Jan
13
•:,
»:■;<i.'196% Mar-'
Dec
,.13%
10
J4
Jan
20%
107%
Dec
:>;f-;37.V:
Qct
106
•„
May
Feb
20% Feb
. •.
.
12% May
86
48
•19% Feb
,■
May
,91"
.
59% July
24% Jan
;
7%
Sales for
the Week
$ per share
23%
United Electric Coal Cos.—
United
Friday
Feb. 20
Feb.19
$ per share
107%
$3.50 convertible preferred—.,.100
United Corp common.—.,
z.l
$3 preference....
29
Jan
'
$ per share
18
Inc
United-Carr Fastener Corp_._No par
United Cig-Whelan Stores com—30c
6% Jan,
17
23%
Thursday
Feb.18
nofi
United Carbon
,;.Jan
v.
43
$ per share
—5
preferred.,—
Lines
United Board .&
5
2% Jan
i
13
S per share
PRICES
Wednesday
100
Air
%%
United
4% Jan
10
2% Feb
'
{
4
35 / Jan..
31% Jan
8%
Dec
>
•
11
3(f
Jan
33%
Jun
26%
3%
Feb. 17
$ per share
SALE
Tuesday
Feb.16
common—10
convertible
United
29
12% Feb
28%
i
.
5%
HIGH
Monday
Feb.14
United Aircraft Gorp common.
3
,18% Feb
6
Jan
LOW AND
; Saturday
Par
17
107% Feb
Jan
•
STOCK
EXCHANGE
$ per share
105% Jan
Apr
110
Dec
18%
$ per share'
..
NEW YORK
Highest
28%
Dec
15%
Range since Jan. 1
Lowest
Highest
23
102
23
19%
19%
10%
10%
'90
'27
10
490
;
:
——^1'
2,300
280
700
2,000
1,200
91%
28'A
10
———'
1,800
■
1
Monday, February 23, 1948
FINANCIAL CHRONICLE
81
COMMERCIAL
THE
(864)
NEW YORK STOCK RECORD
LOW
V
Range for Previous
$ per share
$ per
13 %
Feb
10% May
Dec
Jun
Dec
15%
43
•
11
16% Jan
19
88% Jan 21
16 Vb
Feb
20
19
15
Feb
10
17% Jan
9
X138
Jan
Jan
13
28
33 Ve Jan
Dec
62
52% Feb
20
64 Va Jan
Apr
5
4
Feb
81
Feb
16
81% Feb
89
Jan
80
Feb
58
Jan
5
64% Jan
13
15
61% Feb
17
18%
Feb
8% Feb
10
10% Jan
45
Jan
Feb
May
33% Aug
10% May
37% Dec
14% May
16%
15
Oct
23%
53% May
4
" Oct
83
Feb
21%
May
34%
13%
43%
21
79%
18%
27% Feb 20
11
Feb 14
39% Feb 11
16
Feb 14
66% Feb 10
15% Feb 10
50%vMar
-
29%
*51%
53%
*79
80
8
Aeronautical
Wrigley (Wm) Jr fDel)
Wyandotte Worsted Co
Wright
No par
Youngstown Sheet & Tube—_No par
Youngstown Steel Door
No par
*82%
83%
82%
82%
*82%
16%
16%
16%
*16%
16%
16%
16%
16%
15%
15%
15%
15%
15%
16
*132%
139
*132%
*132%
139
139
•
139
*132%
*<
9,700
30
29%
30
29%
29%
*29%
30
44%
44%
44%
44
44% it.
43%
V
52%
7,800
*53%
54%
*53
53
80%
80%
81
*80
81
DO
81%
81
81
82
*82
84
82
83%
83%
5%
19% Feb
11
23% Feb
Zenith
Radio
Jan
5% Jan
13
6% Jan
Zonite
Products
this day.
prices; no sales on
and askfed
•Bid
83%
:
160
'
64
61 %
-
61%
*28%
11%
*39%
16
68%
15%
.29%
11%
40%
16%
69
16Va
•
62
*00
61
64
64
28%
11%
*39%
*16y8
x68
-15%
*8%
8%
8%
*28%
11%
*39%
16%
67%
16
29%
11%
40'%
17
68%
16
28%
11
39%
*l«'/4
67%
16
28%
ny4
39%
17
68%
16'/«
8%
1,600:
27%
11
40%
16%
68%
15%
500;
2,800;
100
1,300
6,100
1,200
8%
28%
11%
40%
16%
68%
16
63%
27%
n
*39%
16
1 67 \
15%
Number of
V
284,700
$943,000
3,387,000
316,000
$8,000
718,690
2,625,000
2,617,000
2,955,000
240,000
221.000
35.000
284,000
680,470
$4,000
2
.
•
$143,000
Jan. 1 to Feb. 20
Week Ended Feb. 20
$12,000
$1,000
184.000
184,000
1.000
359.000
157,858
156,000
42.000
1,000
184.557
127,000
37.000
11,000
156,392
193,000
20,000
919,862
_
Total.
$897,000-
Jan. 1 to Feb. 20
1947
1948
1947
919,862
16,016,641
$1,149,000
$8,438,000
$8,284,000
295 000
77,000
1,313 000
1,080,000
14,000
16,000
312,000
81,000
$1,206,000
$1,242,000
$10,063,000
$9,445,000
Bonds
177,129,100
Foreign corporate
Total
$188,370,200
$164,841,200
$1,206,000
$14,000
$295,000
7,863,931
government
Foreign
11.025,100
15,053,400
175.000
1,890,130
Domestic
151,222,000
199.000
213,000
$897,000
$216,000
11,342,200
Total
174.000
'
150,700
Stocks—No. of shares
1,433,000
•••:•*' r/
•'
$76,000
:
Week Ended Feb. 20
$201,000
•»"X
Corporate
'
183,000
195,350
Thursday
Friday
2.076,000
$16,522,400
Foreign
Foreign
Government
1948
$36,000
$16,830,000
Total
Bonds (Par Value)
v
$64,000
42,238,000
143,000
15,225,000
'.
•
33,693,466
5,014,290
Bonds
Railroad ft Industrial
•
...... 4
Domestic
1947
1948
1947
fo".'-
75,005
Saturday
$16,830,000
$4,000
'
Shorts)
Week Ended Feb. 20, 1948
Wednesday
$1,458,000
1,458,000
1,900
1,000
5%
y
of
3,052,000
$15,225,000
Foreign
Stocks
3 264.000
$4,000
•
wd When distributed, x Ex-dividends, y Ex-rights.
(Number
25.000
3,821,870
International Bank
.1
Transactions at the New York Curb Exchange
$1 013,000
3 715,000
27,000
W. S. Government
5%
Tuesday
3,821,870
•
20
1"%
•5%
Monday
327,000
•teeka—No. of shares
20%
5%
913,000
2,698,000
1948
20%
5%
2.873.000
701,260
TnUL..
20%
5%
Bond
48.000
605,560
-
20%
5%
Sates
tsonas
$70,000
831.190
■aturday
Monday
Tuesday
20%
*5%
f V
Daily, Weekly and Yearly
Bank
Bonds
20%
5%
Total
Government
Foreign
Bonds
Bonds
a Hares
Week Ended Feb. 20,1948
\
and Miteei.
207/a
5%
5% '
New stock. rCash sale, s Special sales. *
VifTed States
Int'l
Railroad
S*nr>lr$,
20%
20%
5%
.—.
20
700
*62%
8%
...
100
v". r
59
.59
62
*62%
-
9%
9
9%
61
*62
64
*59
62
9%
Stock Exchange
Daily, Weekly and Yearly
;
—
tin receivership, a Deferred delivery. „• n
Transactions at the New York
Wednesday
Thursday—
Friday
Corp.
20
No par
1
Corp
July
25
'10%
Jun
800
81
82
.:
'•
14 % May
1,500
44
52%
54%
*59%.
.
,
'
30
53%
81
28%
11%
40%
16
67%
157/a
800
•
-t
43%
44
.
100
83%
.■
1
6,100
83%
54
9
28%
11
*39%
16
- 67%
*15%
'
13%
80
'63%
,9
25
1
50
Yale & Towne Mfg Co
York Coro common
4%% cum preferred
Young Spring & Wire
Jan 2
Jan 10
Jan 19
Jan 5
Jan 2
Jan 2
*6£j
'
.
13%
53%
"
64
*59
54
*51%
,
16%
.30 ,Sc
43%
84
*82
No par \
No par
Z
.
V;
10,300
7%
7.'
-.
.
13%
16
*82%
139
29%
43%
Co
Worthington
19
67% Jan
139
P & M (Del)—No par
Prior pfd 4 % % series
100
Prior pfd 4 % % conv series—lOo
5
78% Jan
*132%
43%
(F W)
7%
54
13%
14
16%
15%
*132%
*29%
Iron
14%
13%
*51
for
Shares
share
16%
*16
l>'
15%
10
-10
(new)
Co
Woodward
Woolworth
Feb
16%
15%
7%
54%
13%
83%
*82%
83%
*16
100
preferred
2
47% Jan 15
70 Vb Mar
Nov
8
Pwr
5
100
^
6%
El
11
Feb
94%
Dec
53
X138
13
Wisconsin
*82%
7%
*52%
14
13%
13%'
13%
7%
54%
Sales
the Week
$ per
share
7%
7%
54
*51%
$ per
$ per share
$ per share
*52%
7%
7%
7%
54
*51%
10
Co common—10
Co
Feb
43% Feb
68%
Dec
83
\
Dec
7%
Friday
19
Feb
Feb. 18
,
Feb. 20
Thursday
Wednesday.!,,,
Feb. 17
$ per share
Sper share
.No par
preferred
$4.25
Wilson-Jones
8
Jan
53
May
48 % May
75
21
12% Feb
35
Dec
1
:
Par
29
Nov
■
145% May
Oct
Jan
58
82% Feb
19
31%
11
'
Willys-Overland Motors torn
r—1
$4.50 conv pfd series A
No par
Wilson & Co Inc com
No par
9
Oct
20
135
51% Feb
'
r*1
"
share
Jan
99
16
$ per
20
V 'i-
*
Nov
17
88 Vb
Highest
"
9'A Jan
Feb
7
Oct
64%
Sep
•
share
$ per
share
6% May
51%
Lowest ;1
-
Highest
Lowest
SALE PRICES
HIGH
Tuesday
Feb. 16
;
14
Feb
AND
Monday
Saturday
STOCK
NEW YORK
Range since Jan. 1
Year 1947
-
....
Bond Record
New York Stock Exchange
a»
FRIDAY
week,
the
are
outside
and when
The
italic
letters
in
WEEKLY
-
YEARLY
-
Cash and deferred delivery sales are disregarded in the week's range, unless they
of the regular weekly range are shown in a footnote in the week in which they occur.
No account is taken of such sales in computing
the column headed "Interest Period" indicate in each case the month when the bonds mature.
'
.' •
Figures after decimal point represent ene or more 32d of a point.
"and
NOTICE—Prices
interest"—except for income and defaulted
bonds.
Range for Previous
NEW
Monday
Feb. 17
Feb. 14
YORK STOCK
SALE. PRICES
High
High
Lew
the Week
Feb. 20
Feb. 19
Feb. 18
Sales for
Friday
Thursday
Wednesday
Tuesday
Feb. 16
Saturday
HIGH
AND
LOW
-
GOVERNMENT BONDS
transactions of
the range for the year. >,
>
.u>
are the only
Low
*103.26
Bonds (»)
High
High
Low
High
High
Low
103.29
*103.27
103.31
*103.26
103.30
*103.26
*103.25
103.30
105.29
105.29
105.29
105.29
*105.25
*105.25
105.25
*105.25
*105.25
*105.20 105.24
*105.21
108
*107.24
108
108.2
*107.24
107.30
108.2
108
*107.22
*107.26
*100.4
100.5
*100.4 "
100.5
*100.4
100.6
*100.4
100.5
*104.24
104.28
*104.22
104.26
104.28
104.28
104.24
*104.24
*104.24
*104.20
108.4
108.2
108
*107.28
' *107.26
*107.24
107.26
107.30
r
*107.18
*107.22
*107.28
108.4
108.6
108.4
108.4
*107.30
*107.28
*107. 28
108.6
*107.24
108
*107.30
-—1958-1963
108.6
*107.28
108.4
*107.30
108.4
108.4
*107.28
108
*107. 28
108.6
*107.24
*107.30
L—1960-1965
100.31
*100.29
100.31
1948
*100.30
101
101
*100.29
*100.29
*100. 30
100.31
*102.21
102.25
—'—.11949-1953
*102.19
102.23
*102, 20,102.24
*103.11
103.15
*103, 12
103.16
*103.18
Treasury 2%s;
-—1950-1952
*103.5
103.7
*103. 5
103.7
103.8
—1952-1954
*103.6
Treasury 2%s
103.8
Low
•.EXCHANGE
Highest
Lowest
Highest
103.29
Treasury 2%s_
Range Since January 1
Year 1947
Lowest
'
Sep
106.4
Dec
108.21
Treasury 2%s
2%s
Treasury
Feb
Sep
July
112.6
Feb
Treasury
101.8
102.6
Feb
fTreasury
106.13
July
106.13 July
108.16
Dec
111.23
114.8
May
108.16
v114.8
Treasury
Treasury
Dec
May
Treasury
104.12
Feb
104.12
Feb
102.22 Feb
102.22 Feb
2
2
-
104.24 July
104.23
104.18
Apr
101.11 Jan
7
7
Feb
101.27
101.11 Jan
Dec
101.26
Dec
104.4
101.24
Dec
100.25
Jan~~7
"■
100.25
Jan"!
Jan
28
100.23 Jan 28
101.24 Dec
104.15
Dec
103.20
Apr
105.17
Jun
105.17
Jun
100.7
Dec
103.19
Apr
100.10 Jan
12
J 100.10 Jan
12
*104.24
•
108
*107.24
100.31
*102.22
102.26
*102.21
102.25
*102.21
102.25
103.22
*103.18
103.22
*103.18
103.22
103.22
*103.18
*103.7
103.9
*103.7
103.9
*103.6
103.8
*103.5
103.7
*103.5
103.7
*103.6
103.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101
101.2 ;■
*101
101.2
*101
101.2
101.2
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
103.1
*103, 2
103.4
♦103.6
101.10
*101, 8
101.10
*101.8
'
101.2
*101
101.2
*101
100.26
*100, 24
100.26
*100.24
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
100.26
*100.24
100.26
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
1965-1970
100.18
100.18
*100.16
100.18
100.18
*100.16
*100.16
*100.16
100.18
100.18
*100.16
*100.16
*100.8
100.10
1967-1972
*100.8
100.10
*100.8
100.10
*100.8
100.10
*101.7
101.9
1964-1969
-Dec
—•
_Jun
Treasury 2%s
*101.8
,
100.10
*100.8
100.10
*100.8
10V10
*101.7
101.9
*101.7
101.9
100". 10
Dec
105.18
Sep
*101.4
101.6 ;
*101.5
101.7
*100.8
100.10
*100.8
100.8
100.10
100.10
100.8
*100.8
*100.8
*103.17
103.21
*103.17
103.21
103.15
103.17
103.21
*103.11
*103.13
*103.17
———1951-1953
1952-1955
102.6
*102.4
*102.6
102.8
*102.4
102.7
*102.6
102.6
102.8
*104.6
104.10
104.14
104.6
*104.2
*104.6
*103.30
104.12
1954-1956
*104.4
Treasury 2%s
101.7
-Sep * 1967*1972
-Dec '1967-1972
Treasury 2%s
Treasury 2%s
♦101.17
*101.15
Treasury 2%s
101.15
101.17
101.12
*101.13
*101.15
*101.10
101.19
1956-1959
Treasury .2 %s_—
100.8
Jan
6
100.10
JarTlO
_
Treasury 2%s
;.
—
*100
♦100
Treasury 2%s
-Jun
1959' •1902
*100
100.2
Dec
102.24 May
Treasury 2%s—
-Dec
1959- •1962
*100
100.2
*100
-Mar
1948' ■1950
*100.2
100.4
*100.2
100.3
Treasury 2s
-Dec
1948' •1950
*100.29
100.31
*100.29
100.31
Treasury
100.13
NOT
100.13
Nov
9
100.5
Jan
9
fTreasury 2s
.
,
<
*100.8
100.10
*104.6
104.14
101.17
*101.17
101.19
*100
100.2
'*
100.2
i
100.2
100.2
*100
100.2
*100
*100
100.2
*100
100.2
100.3
*100.2
100.3
*100.2
100.3
*100.29
100.31
*100.29
100.31
•
100.2
*100
100.3
*100.2
*100.29
100.31
*100.29 100.31
101.6
*101.4
101.6
*101.4
101.6
*101.3
101.5
*101.7
101.9
*101.7
101.9
101.8
101.8
*101.6
*101.6
101.13
*101.11
101.13
101.12
101.12
*101.11
*101.10
♦101.10
*101.15
101.17
*101.14
101.16
*101.14
101.16
$ 100.2
■!
.
101.12
102.4
Apr
Dec
102.12
102.6
May
-Jun
1949 •1951
*101.3
101.5
-Sep
1949 ■1951
*101.4
101.6
*101.5
Treasury ,2s—_
Apr
-Dec
1949 •1951
*101.8
101.10
*101.9
101.6
101.7
101.11
*101.4
Treasury 2s_
102.12
-Mar
1950 •1952
*101.13
101.15
*101.13
101.15
*101.14
101.16
*101.15
101.17
*101.14
*101.15
101.17
101.15
101.17
101.15
*101.13
*101, 15
1950-1952
1951-1953
1951-1955
1952-1954
1952-1954
*101.13
101.16
Sep
101.15
101.15
*101.12
101.14
101.14
*101.13
*101.13
*101.12
101.16
101.14
*101. 14
*101.12
101.14
*101. 13
101.15
*101.13
101.15
*101.12
101.14
*101.12
101.11
*101.8
101.10
*101.8
101.10
1953-1955
1948
1950
2s
101.12 Jan 30
101.12 Jan 30
Treasury
20
101.16 Jan 20
Treasury 2s
2s
Treasury 2s
July
102.23
Apr
Dec
102.25
Apr
102.30
Apr
103.1
Apr
Treasury 2S—
101.23
Dec
103.2
Jan
Treasury 2s„
Jun
102.28 July
103.4
July
Treasury 2s__
Dec
101.20
101.16 Jan
.
Treasury 2s
100.30 Apr
100.26 Oct
10T2
Jan
Treasury l%s
101.8
Apr
Treasury
l%s
International Bank
*101.4
*101.12
101.14
*101.12
101.14
*101.8
101.10
*101.8
101.10
*101.9
101.11
*101. 9
*101.5
101.7
101.8
101.9
101.7
*101.6
*101.7
*101.5
101.9+
101.6
*101, 7
*101.4
*103.6
103.10
100.17
*100 .15
100.17
100.17
*100.13
•100.15
*100.15
100.15,
100.16
Dec
102.00
95
Dee
103.4
July
94.10 Jan
15
96.20 Feb
18
July
94.14 Jan
15'
96.24 Feb
17
*Btd and naked price.
No sales transacted this day.
10-year 2%s
•
25-year 3s
96.16
96.16
96.20
96.20
96.8
96.8
96.12
96.24
96.24
96.22
96.24
96.12
96.12
96.18
'
100.9
♦100.7
*100.7
100.9
*100, 7 : 100.9
*100.7
100.9
100.9
~r
'
103.14
*103
103.12
103.14
♦103.4
*103.6
*103.2
103.14
103.8
*103 6
♦100.7
100.9
*100.7
♦100.14
100.16
*100.14
..
j
for
Reconstruction & Development
95
4,000
102.6
104.14
'T
i*
^l,i
103.21
*102.4
*
•
*
.
*103.17
:
'■
100.2
102.24 May
*100
Sep
Jan
*102.5
100.2
102.6
100
100.5
103.30
11966-1971
Treasury 2%s
Treasury 2%s
Apr
101
*107.24
♦100.29
*100.24
1964-1969
;
100.5
104.23
*100.4
.100.5
*100.4
*101
—1963-1968
_Jun
♦107.26
*101.8
1962-1967
2%s
2%s
Treasury 2%s__
Treasury 2%s
Low
*102.31
—1956-1958
Treasury
Treasury 2%s
100.23 Jan
104.10 May
"
—
Treasury
104.24 July
104.14 Sep
•'
*103.25
Treasury 3%s
Feb
106.6
1949-1952
3s__——1951-1955
27/aS-:
—1955-1960
2%s
1948-1951
2%s
u
1951-1954
2%s
1.1956-1959
Treasury 2%s
104.25
1957
1972
IBelng called tor redemption March
♦96.6
96.12
*96.15
96.20
11,1941 at 100.
*96.6
96.18
a Odd lot
transaction, r Registered bond
transaction.
96.6
*96
96.12
70,000
96.18
73,000
the
Number 4675
167
Volume
commercial
YORK
NEW
RANGE
Friday
r
••s
5.".-V
Interest
BONDS
Stock Exchange
Period
New York
"
•?
Last
Week's Range
•
or Friday's
•
Sale Price
FOR
WEEK
financial
BOND
ENDED
chronicle
20
i
.
Sold
.
High
January 1
Low
High
No.
(865)
RECORD
FEBRUARY
Friday
' Bonds % Range Since
Bid & Asked
Low
&
BONDS
*'v
New
*>
•
York
Stock
.Interest
Exchange
;
Period
i.
Last
Sale Price
Week's Range
Friday's
or
Low
Nn York City
AwmR
3%
■
Unification
iADenmark
Issue—
V,
External
x"*_
Stock—1980
Corporate
l'Q2&
101%
101%
7-D *
<•
188
%;• 100% 10211
•
El
Salvador
is
extl
3%s
3s
$
s
f
extl
extl
6s__
1942
—
NY
Broadway, New York
extl
Works. 1%
fund
lAAntioqulji (Dept) coll 7s A
1A External s f 7s series B_
A-O
M-S
J-J
J-J
•85
1948
1945
...
s
f 7s
series C
s
f 7s
series D
1945
J-J
1st series
1957
A-O
i*-36
A-0
36
f 7s
s
AExternal
see
AExternal
sec
f
s
7s
f
s
2d
scries
3rd
7s
J-J
1945
1957
external 5s
1958
Australia (Commonw'lth) 5s of '25-1955
-
10-year
.
100'/2
J-J
1956
10-year 3'As
20-year 3"As
20-year 3%s
1957
External
s
(U
36%
1
37
40
38%
40%
36
38%
36
40'/a
37%
40%
95
f
99
37
38
~i
36-
36
36
36%
3
-
38
95%
95
14
101
100
83
100
102
93
90%
91%
56
87%
89
89
89%
26
85
89%
89V4
90%
77
85%
89
89
89 >/4
18
83%
M-S
103% 103%
3
103%
1955
J-J
107% 107%
1955
J-D
113
8s__—1941
J-D
"60
"40
:
2
106 %
(Int reduced
1978
J-D
1957
A-O
to
Stamped pursuant to Plan A
(Int reduced to 3.375%)
AExternal
(Central
114'%
47
49%
4s
59%
62%
3%s
47%
47
48
A'O
60%
60
60%
1979
A-O
47
47
48
J-D
17
47
49
3
60
36
16%
22
26%
31
J-J
*25%
__
16%
16%
18%
25%
26%
26%
J-J
J-II
M-JT
*5
22
5
25%
277a
28%
*5%
16%
25%
3B
35
18
20%
34
8
57a
36
30
46
37
agree_1968
J-J
*
~7
~i
1945
5,
Nov
*..
8%
J-J
agree_1963
17%
8 %
*6%
J-J
16
714
1
8%
8%
6%
6%
•10
j-j
8%
8%
1933
J-J
J-J
*11%
~8
31
24%
6
~9%
26
9%
28
"13
agree_1963
1942,
7
16
"...
:
*13
J-D
1945
1942,
5,
7
7
Q^J
j-j
1942, agree_1968
1910—
__
7
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6%s.
1952
A-O
24%
—
24%
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IS
-
m-e
1958
*32
39%
>
__
—
reduced
2.125%)—2008
to
1959
M-S
*25
29
U-o
.
32
32
24
24
32
3
reduced
to
33
2.125%)
(Kingdom).
1957
fund
s^x
1965
A-O
1963
F-A
4%s
25
15
91
947a
92%
14
91%
973/a
%
36
86%.
94%
86%
93%
2
86'/a
88
867a
86%
88%
6
a-o
1957
24
947a
91%
92%
25
94%
.
M-s
external
f
25
m-a
,—1056
sink fund extl loan
s
M-S
2008
3%s
8
90
_
93
——
95
__
v. .
_
'
'
.
90
61
1970
1955
J-D
a-o
A Stamped assented 5s
dtsmp mod 3'As ext to
49%
61
46%
46%
A-O
1963
m-n
1994
J-D
85
86
85
95
1967
M-fl
♦104
103
106
106
1947
m-s
♦31
37
47
(Plan
B)
2008
M-B
*23%
31
7s——1S59
M-S
477.
sec
ref 3%s series
46%
49
iAPernambuco
47
48%
APeru
(State
B
of)
7s
8
external
of)
(Rep
ANat loan extl
—
3
J-D
J-D
J-D
3%» Series No. 4
J-D
3%s Series No. 5
J-D
3%s Series No. 6
J-D
3%x Series No. 7
J-D
3%s Series No. 8
J-D
3%s Series No. 9
J-D
57
57
13
*56 %
56%
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— —
62
62
«
1
92
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93
59
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63
62%
16
24
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25
15 %
15%
16
38
15%
17%
A-O
15%
16
19
15%
17%
~9%
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1
9%
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62%
647a
65
65
15%
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1961
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*8%
1963
fund
A4%a assented
'8%
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1950
7s
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1947
1968
f
s
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1958
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sink
J-D
9V4
*16%
9%
3%s Series No.
11
J-D
*55%
3%s Series No.
12
J-D
55%
3%» Series No. 13
J-D
*57%
3%s Series No.
14
J-D
3%s Series No.
15
J-D
J-D
17
J-D
18
J-D
*55%
3%s Series No, 19
J-D
*55'/8
3%s Series
No. 20
J-D
t
.
*55%
60
„
9%
9%
J-J
10%
10%
1
10%
12%
J-J
9%
9%
10
8%
*55'/a
J-D
*55%
58%
9%
*55%
58
*55%
567a
57%
60
3%s Seiies No. 23
J-D
3%s Series No. 24____'„_
J-D
3%fl Series No. 25
3%s Series No. 26
J-D
*56
J-D
*55%
3%* Scries No. 28
J-D
J-D
*55%
-
*55%
3%s Series No.-29
3%s Series No. 30
Brisbane
(City)
J-D
1 5s
s
1957
Sinking fund gold 5s
Sinking fund gold 6s
Ctuimum
(Dominion
28-year
ACarlsbad
of)
4s
AExternal sinking
s
1942
M-N
'
6s_"
59
56%
57%
56
567a
21
Feb 1961
57
/
98%
99%
13
A6s
104% 104%
21'
104
104%
10
103%
20
21
23
20%
♦21
20s/8
20
20%
1
205/b
1961
J-J
21
20%
21
20%
20%
Mortgage Bank
6%s
A6%s assented
fund
A
6s
_1957
fund
A6s
fund
6s_
7s
A 7s assented
Chinese
Colombia
(Republic
A6S of
$
bonds
1970
6'/as
lASlnklng fund 7s of 1920
IASlnklng.fund 7s of 1927.
Copenhagen (City) 5s
25-year
Cuba
gold
Rica
41/as_—
(Rep of)
(Republic
External
4 %s
loan
external
Sinking
j. n
Oct 1961
f
s
lAColombia Mtge Bank
ACosta
m-S
fund
of)
4
%s_,__
1977
11953
(Rep of) 8s ser A_195r
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1952
Stamped assented (int reduced
For
6%)
extended
footnotes see
42%
8
to
i960
'
'•
-
—•
23
20%
20%
19
,
30%
22%
22%
27%
35
35
32
27%
27%
•-
A-O-
*35,
A-O
<
1999
*26%
1966
1926
30
f.
30
;
30
♦22%
*32
y'
■
,
30
31
28
22%
23%
12
32
34
—
41%
*32'
2004
J-D
~
*24%
24%
.
—
■
24%
'77
'
—
29
M-N
2012
1936
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J-J
*39
1999
i-j
*33
1950
J-J
*39
J*/
*34
38'%
2004
J-J
*31%
dollar loan—
1968
J-J
♦37
16
43
1999
1956
24%
33
33
267,
24%
2001
1957
*35
24%
reduced to 2.375%)
secured s f
Paulo
to 2%)
(State)
8s
(Int reduced
external
2.5%)
8tamped pursuant to Plan A
(Int reduced 2.5%)
A7s extl
'
A6a
extl
water
loan_
31
35%
*25
27
31
M-N
31
25%
25 3%
31
31
24
1
27
—
77
—
25
—
/
40
M-f
38 %
40
33
—
__
39
46
46
33%
39
36
40
40
3174
2
33
37
41
♦32%
34
33%
35%
*__
86
83%
84
67
'71%
—
—
Stamped pursuant to Plan A
2012
Stamped pursuant to Plan A
(Int reduced to 3.5% )__
A-O
1940
(Int reduced to 2% )IA Secured s f 7s
1
A-O
1978
A-O
70%
\
70%
13
For Financial Institutions
18
18
21
51
73
FOREIGN
45
SECURITIES
75
41%
FIRM
TRADING MARKETS
,
64
44
44
j-d
78%
78%
16
78%
82
76
76%
15
75
79
M-V
16%
16%
16%
18
M-S
"102
j_d
"115% 116%
j-j
"108'/a
32
—
"100%
A-G
"106
68
68
10232
102 Si
100%
'
69
fjarl marks & ho* inc.
FOREIGN SECURITIES SPECIALISTS
101
115%
118
HO
110%'
50
Broad St., New
York 4, N. Y.
110
106%
106%
__
110% 110%
a-O
*-r>
—
3;
110
68
27
24%
33 Va
39
—
"40
—
J-L>
■■•7
2574
A-O
M-N
t.
(City of) 6%s
(City) 8s
Paulo
22%
73
43%
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20 %
19
73
"40
M-N
22%
20%
18
.•;-v'
2004
1967
Teletype NY 1-971
Telephone HAnover 2-0050
70
page 28
27%
30
20%
."19
M-N
*'
v
26%
22'/a
20
7-
VV"
__
"40
1949
debt
2
2
19%
"70
p-A
1951
5»/2s
■■
"70
a-o
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1952
1949
1914
22
•••;/ 2-:;;
>
—'V
*5%
M-N
—1953
of
22
.19
1
20
181/4
A-O
1946
ACzechoslovakia
to
—
*19
19%
J-J
,
<-1947
7s—
5s
of
'
Jan 1961
external
20
of)—
1928—
A6i of 1927
3s
M-S
23 Va
22
20%
19
227a
20%
12
-
20%
*20
1951
5s
•
19
m-N
i960
Ry)
19% :
23
21%
i.
.
19
20%
M-N
i960
_■
(Hukuang
!>
20%
2
20%
1962
Cons Munic
5
20%
a-o
a-o
v
83
21%
%
1962
assented
A Chilean
21
20%
*20
j.d
1961
Gs
20 %
20
1946
1921
A8s
•
19
1961
sink
7
21% 122 'V/.Y""
21
j-d
1961
sink
21
J-D'
1961
assented—:
AQuaranteed
21
207a
*21
1957
,
6%s^_
assented
AQuaranteed
m-N
<
28
30%
Stamped pursuant to Plan A
(Int reduced to 2.25%)
2274
14
*21
M-N
external loan
(Int reduced
21
20%
A-O
22%
26
33
Stamped pursuant to Plan A
23 %
1963
F-a
26
33
-1952
1952
|A8an
22.%
1962
2012
j-u
(Int
23
22%
1963
30%
31
8tamped pursuant to Plan A
227a
—
21'/a
fund 6s__
27
Stamped pursuant to Plan A
23
—
A-O
♦26
F-A
*24
„
J-D
m-ji
nban
23
22%
20%
20%
A8s assented
A6%s
20
207a
«
13
22%
21
A-O
1968
ARome
22%
22%
M-S
2001
(State of)-r-
loan of
A6%s extl
—
20%
M-S
extl
municipal loan
Stamped pursuant to Plan A
'In*
reduced to 2.25%)
104%
21%
21%
A6s assented
A Sinking
102
1017a
F-A
Sep 1961
,—,_Sep 1961
sinking fund Gs
1962
*34
2012
A7e
101'/8
98%
100%
—
J-J
assented
AExternal sinking
ACblle
98'/2
19
—
.
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A-O
1953
6Vis—
j-j*
1946
A7e
1961
sinking fund 6s
27
2006
8s
—
Feb 1961
Jan
2.25%)
Stamped pursuant to Plan A
(Int reduced to 2.25%)
*21
F-A
*33
——
Jan
f 6s
s
assented
AExtl
56aA
56%
—j.
•
*21
A-O
*24
J-J
Stamped pursuant to Plan A
(Int reduced to 2%)
•
104% 104%
A-O
i960
A6s assented
A6s
"
1960
fund 6s
A6s
assented_T
AExtl sinking fund
M-N
—
63
98%
104%
J-D
.
Stamped pursuant to Plan A
(Int reduced to 2.5%)
A6§ external sink fund gold
J-J
1942
f 7s
IA8s
58
—
*100% 101%
j-j
1954
lAOhlle (Rep) External
IA 7s assented
A-O
1961
sec
Klo Grande do Sul
'
98%
F-A
J-D
i960
3'As
(City) 8s
ARy external
-
1950
56
——
*55%
Jf-8
1958
2001
—
*55 %
J-D
3%> Series No. 27
•
*33
■
1966
Stamped pursuant to Plan A
(Int reduced to 2% )
567a
57
to
(City of)
de Janeiro
AExternal
565/a
56 '/a
J-D
7
Stamped pursuant to Plan A
(Int reduced to 2.375%)
'
—
55%
3%s Series No. 21—
reduced
lint
IA Rio
56%
•'
-
8s
AExternal loan
56 %
56'/a
of)
Stamped pursuant to Plan A
55%
'
'
3%h Series No. 22
A
57
■
60
*55%
;
59
%
56
——
*55 %
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.
57
56
'I
■
(City
(Int reduced to 2.375%)
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G5
567a
58%
65
56
3%s Series No. 16
65
55'/a
2
Alegre
Stamped pursuant to Plan A
56%
1
63
*55%
3%s Series No.
7
5
55 %
56
APorto
•
65
65
3%« Series No.
v
l
65
65
J-D
10
62%
17
__
*
62%
95
J-D
assented
AExternal
60
85
1961
ser
gold 6s
(Rep of)
85
1940
f 6s 2d
s
85
1960
1st ser
A4%s assented
62%
73
lAPoland
f 6s
s
extl
A Stabilization
56%
'
'
59
56%
2}
57 y4
58%
55%
7
ANat loan
58%
56%
56 %
56%
58%
55%
92
to Plan A
(Int reduced to 2.125%)
1
♦91%
*
(Republic)—
Stamped pursuant
3%» Series No. 2
1
7%
36
62%
"60
3-°
1978
funding bonds of 1931 due—1951
Stamped pursuant to PI in A
(Int reduced to 3.375%)—1979
No.
18%
j-d
(Kingdom of) 4%s
Panama
(Int reduced to 3.5% )
3%i Series
16%
100
Ext
A-O
$%
,3%» Series No.
16%
A-O
Municipal Bank extl s f. 5s
Oslo (City) elnk fund 4%s
Stamped pursuant to Plan A
1944
to
Netherlands
Norway
60%
1979
Ry)
External $ bonds of
2374
J-J
M-3
1954
external s f 6'/2 s
(Int
48 1
1957
1927
Stamped pursuant to Plan A
(Int reduced to 3 375%)
A7a
18%
7s—1957
(State)—
external s f 6%s
(Int
62
1952
f 6'As of
s
99
25
78
Stamped pursuant to Plan A
60
60
1942,
5,
Nov
to
(City of)
External
3.5%)
6%s of 1928
f
s
2
7%
7%
99
76 %
Stamped pursuant to Flan A
107%
112%
76%
19%.
Geraes
A Bee
Stamped pursuant to Plan A
AExternal
5,
Nov
Ass'td
104%'
8
114
6%
1
99
-1951
lATreasury 6s of 1913 assent
89%
—1949
external
to
90%
F-A
26
18%.
extl 5s of 1899 £—1945
Ass'td
89'/a
3-D
7%
7%-
18%
Nov
j.000
8%
6%
M-E
1943
Nov.
IA Assenting 4s of
91%
J-D
7s.__
of)
to
to
Minas
87%
*7%
1977
to 3 %
1%
iAAssenting 5s of 1899.
A Milan
26
104
J-J
1952
(US)
AAss'td
92%
41
104
76%
5, 1942, agree_1963
AAssentlng 4s of 1904—
1954
1962
6s
f
S
IA Mexico
40
1967
^
Belgium external 6'As
IA Br axil
36%
1966
3%s
s
36%
90%
J-D
external
-
39
25
Utility—
Ass'td
92
F-A
,
40%
9
"36%
QS
3-D
3Vis
18-year
37
45 %
*15
Irrigation—
Ass'td
1
"36%
A-O
series_..1957
AAutwerp (City)
92%
37
37
I AExternal
I AExternal
AExternal
65
37
iv->
3*?/e
64
89
88%
58
46%
1977
3%
to
IA4%s assented
63
65
*60
1968
4s
63
63
63
F-A
1948
6s
(King of Norway)
64%
48%
64
for
(Kingdom of) 7s
(State Mtge Bk)
Medellin (Colombia)
6%s__
Mexican
90
82
76%
f l-3s_—1977
s
Consortium
Credit Institute
Foreign Govt. A Municipal
95
76%
21
1947
(Republic)
Public
Htgn
81
•104%'W
a-m
Italian
87
'
4014
F-A"
A Jugoslavia
sink
—
M-f
I960
|A7s series B-
1-1693
Low'
10
73
*39
M-N
A Italy
AGtd
v
1960
AExternal 7s
Akerehus
J-J
1964
Credit
•:
♦46
1968
Public
T eletype
Members New York Stock Exchange
Agricultural Mtge Bank (Colombia)—
fAGtd sink lund 6s
1947
♦52
—
Government—
part paid—
part paid——
Heisingfors (City) ext 6%S—
Irish Free State extl s f 5s__!
Wertheim & Co.
120
79
A«s
Italian
Telephone
76%
A.7s
Italian
REctor 2-2300
77
J-J
(Republic of) 7S—___,_1967
Republic extl 7s
—1949
Qreek
Foreigit Securities
82%
J-J
7
AEstonia
French
•
81
J-J
Jan 1, 1976
No.
89
81%
A-O
'
1962
Jan 1, 1976
89
..
Kange Since
January I
Sold
High
F-A
Jan 1, 1976
$-
f $
s
j-jf,.
5%s——__1955
gold 4%S—--^
(Republic of)—
f
s
extl
20-year
gold
External
«
Bonds
Bid A Asked
«
25
>.*•'
26
THE
(866)
COMMERCIAL
NEW
YORK
RANGE
New
York
Last
Period
Sale Price
Stock Exchange
FOR
WEEK
FINANCIAL
BOND
ENDED
CHRONICLE
or
Bonds
Friday's
Bid & Asked,
'JO
;
.
January 1
\; /•'
A 8s
secured
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series B
sec
extl
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extl
'*
'
A
Af-N
fund
6s
sink
fund
3%-4-4%s
External
($
bonds
2
5
7
_
_
90
General
7%
Ref
7%
13%
__
10
%
85
2d
87
1978
F-A
-1984
83%
28
81%
£'0 %
2
80%
85
76
80
81
91
91
J-J
F-A
*7%
1958
F-A
6%
8
*24%
—1958
(City) external 7s
A-O
3
89 7
*76
1952
A4%s assented
consol gold
90%
1st
&
&
ref
Chicago
,
&
: AGen
103%;
1()3%
***
Eastern
1st mtge 3%s
•,
97
F-A
92
93 %
J-J
37%
38%
B______
ser
5%
AGen
7
mtge
inc
A 1st
Alabama
Great
Alabama
Power
!
Af-3
1952
A-O
Southern
3'As—1967
M-N
1st
3Vis
J-J
105% 105%
A-0
A -O
M-S
—2030
1985
Af-N
1982
A7-N
1988
j-j
_Jan 1 2038
4%s
j-j
102%
105%
•
M-a
debentures
100.:
97%
17
97%
94%
98%
103%
96
94
96
146
92%
93 Va
91%-
93%
108
90%
94
A-O
95%
9414
95'%
76
92%
95 %
87%
89%
58
85%
89%
102% 103%
383
101%
J -J
-
—1961
.
89%
J-D
debentures
*_1982
27/as
debentures
IIZ—1987
J-D
——1957
103
V J-D
2%s conv debentures—
Amer Tobacco Co deb 3s
94%
96%
96%
107%
A-0
101%
1^95
Q-J
—•
1966
A-O
98%
Topeka
A-0
118%
July 1~1995
Santa
4s
4s
Charlotte
July l 1995
Ry—
Air
24
91%
96%
403
Vs
106%
109%
101
102%
100%
102 %
73
101% 102
*..
81
98%
81
80
98%
1
98%
116% 118%
33
115%
100
Fe—
General 4s
Stamped
93%
Nov
July
5s
&
90%
103
106% 108
101 % 101
gold 4s
Adjustment gold
43
93 %
I995
1st
&
91%
102%
■
—1969
P W Products Co
Atchison
93%
A-O
1962
debentures
Arbor
A-O
M-N
-
Chic
Milw
14
106% 107%
A
106%
118%
107'%
'102%
104
103% 104
J-D
..*1964
101
101
1948
J-J
J-J
*16%
1966
J-J
*98% '
25 %
,25%
16
27
104%
100
6
102%
103%
12
101%
*1948
»
101
—
M-3
102%
25
30%
18%
15%
21
•
97%
98%
—
St
1st
1st
mtge
1st
4s
mtge
and
5%
July 1975
B
ser
(4%
1 %
contingent
gen
Ret &
mtge 5%
and 2%
G—
Series
M
3%%
Series
61
82
87%
A-O
89%
88%
89%
72
8'G
90%
fixed
4s
M-3
59
M-3
59
(2%%
series
61%
81
58%
62%
57%
60
73
57%
62%
57
60
62
57
62%
50%
2nd
mtge
1st
1st
A
1980
1st
Cincinnati
'«:
%
'
Gen mtge
*72 %
'111
Con
lien &
ref
ref M 4s
4s
Beech
Bell
D
ser
M-N
Gold
3'/as
Income
C—1960
1st
1st
&
ref
Y, A-0
1976
yY;Y :'YyYY:
1st
1st mtge
]
'
'"
67 %
58
54
54%
132
Apr
61
J
62 %
89
.61
J-J
J-J
104
Apr
.
89
5s
&
Wab
St
L
1st
.
74
J-D
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Y 102
J-D
*95
100
J-J
*79
80
100
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q
100%
100
101 Va
.
.
Z:
75%
80
88 Va
75 Va
10
75%
:
76%
100% 100 %
104% 104%
22
103
104 Va
105 % 105 Va
13
102
105%
M-S
1975
105%
A-O
99%
102%
1
;
".c 9
-
104%
100
101 Va
.
Ilium
*98
*__
96
*78
•'
98%
.J-D
80%
J-D
83%
J-D
.
1977
3%s
Series
D
3%s
gtd__
Cleve
Short
Line
1st
Union
4%s
gtd
Terminals
Co—
82
83%
10
99%
97
99%
71%
26
68
61%
10
59%
G4%
85%
84%
88
J-J
104%
'Y
103% 104%
J-D
104
103% 104
L_
M-N
F-A
'
*101
:
47
103%
104%
103%
104
101
101
-
98%
*96
a—
73
Y 109
__
*101%
A-O
.
81%
1
•YY;
*85 Y;.
M-N
1948
1950
__196l
99
92%
70 %
1982
—1
98
Y 78
59%
J-J
1970
gtd
99%
107 %
92%
Y."—- ''
1. J
Y
83%
99%
71
J-J
*
1990
3s
98
,107
12
—
J-D
4s__„1991
gold 4s
Y
99%
9107'%
F-A
.
._1993
E-_
1st
98%
.F-A
1974
i.1966
1961
•„
*
1993
tr
.
:
■
i_1969
96%
97%
19
105%
106%
4
100 %
102%
22
98%
99%
"
105%
105% 106
5s series B___
____1972
1973
mtge 4%s series C_
1977
A-O
A-O
A-O
1980
1971
51%
51%
51
M-S
99
99 %
98%
101%
A-0
*101
105% 106%
105 %
106 %
101%
103
106 %
107%
mtge 5%s series A_.
&
1
77%
83%
&
101%
S8%
101
V
101%
98%
99
Southern
Ry—
modified)
(stamped
&
H
3%s
Elec
V
1st extl
Sou
Ohio
debs
4s—1948
gold
1970
90
90
2
89%
2
'89
91
119
121
5
94%
95%
57
96
98
12
96%
•
F-A
1977
F-A
J-J
54%
92
16
120% 120%
106 Vs
M-S
1955
3%s
El
51%
Af-N
Commonwealth
97%
Edison Co—
mtge 3s series L_.__
Conn
Ry & L lst.& ref 4%s
Conn
River
Pwr
3%s
f
s
_1951
1961
A___
3 %s____.1965
York—
Cigar Corp
102% 103
103
*103 Va
—
103
*__
A-O
37
,
—
*106:%
F-A
Consolidated Edison of New
1st
ref
&
__1982
mtge, 2%s-ser A.
96
96'
Af-S
A-O
J-D
M-N
1st &
A-O
:
J-J
*—
100
94
101%
1st,
101%
1st
& >ef
92%
77
81
Consumers
15
50
55%
Continental
26
27
-
F-A
*102%
96%
__
.'--YY
f
,
,
__
97%
96%
96%
1
93
96%
91%
J-J
91%
5
91%
93%
97
97%
9
95%
97%
:.
.
1952
A-O
—1955
J-J
I960
*101%
94
94
61%
25
Y 95. Y VY97 Vi
37
9(112
96
.
92%
>:-5
102% 102%
14
94%
97
•
97%
97%
98
101% -102%
f
3s
99% 100%
96%'
97
88
89
J-J
jser{A.deposit rcts^.-—..—1946
B; deposit rdts_j--_——1946
.
:. 1
-
98 V:
92%'
54%
39
40 %
81
83 f\-
Y 32 %
33%
*35
100%
v.i
52%
18
40
Y'
35 Vt
34%
36
37%
35%
37
*35
J-D
J-D,
ser
88
82
r
33%
33%
98
Y 96
6
;
•
53%
39%
*81
^
.
%
53%
■•■■•'39%
V
51
18
100%
"89
M-S
J-J •
M-N,
J D
27/«s__1975
mtge
*94 Vs
36%
64%
__
94%
12
105% 105%
1-0
59%
Baking
ADeposit ^ receipts
A 6s
60%
*
;;
1st
Power
debs.—^^j_1565
Crucible Steel 1st mtge S'/aS—i—1966
§ ACuba Northern Ry 1st '5%s^___1942
ADeposit receipts ^-—
ACuba RR lst 5s,gpld__:_L_^.--A-1952,.
A7VaS
at
If-N
V
■
■
„
17
54%
*24%
series D_______——1972
3s
•
79
F-A
Jf-N
5
52%
"
M-S
94
ref mtge 2%s ser B———1977
& ref mtge 2%s ser C
1972
77%
79
M-N
1957
5s
100
-
YY;.--
104%
104% 104%
B
C
Columbus
79%
7,7: Y>
"'
mtge 27/8s
:
,—1976
Buffalo Niagara El 1st mtge 2%s__l97S
Buffalo Rochester & Pgh Ry—
Bush Term Bldgs 5s
gtd
75%
71%
857
75%
'104
J-J
:
series
Series
&
94
Gen
due
90
104%
101 %
150
■
J-D
.
Y;
'« *■
Div
coll
Elec
Gas
*101
1954
(interest
65%
89
J-J
.
Mich
Columbia
M-N
July 1970
7s
61
1
Y
J-J
series E_
series
&
Div
Cleveland
1st
97%
57%
1963
y
^
impt 4%s
,78
90
120%
70
53%
4s^—_ 1952
conv
Cleve Cin Chic & St Louis Ry—
General gold 4s
;_i
73%
90
66
102
Y
103 % 104%
75
>
.z
>*■
1951
:
2%S Ser Gil
11
:MS
Bklyn Union El 1st gold 5s
—1950
Bklyn Union Gas 4s debentures—1969
Consolidated
M-N
--
■'H
1960
ser A
to May 1 1947)
Bush Terminal 1st 4s
101%'
Y"
41
66 %
54
'
•
1961
3%
99%
101% 101%
66%
Apr
1994
..v
•.
City Ice & Fuel 2_%s debs
City Investing Co 4s debs^
74%
73%
1955
4s series RR
modified
101%
Apr
.1989
G__y._
mtge gtd 3%s
Colorado
1967
II
4%s series JJ
Stamped
J-J
<
'
4%s._Jan 1 1999
1st mtge 2%s
Terminal—
Cincinnati Union
85
97%
J
Co
ser
Cine Gas & Elec
82%
97
ser
(Ernesto)
89%
:
Ry—
\-y. /'
v.
'4'V;
17
98
mtge 2%s
mtge 4%s
44 Va
88%
4%s series D___.___._1962
Consolidated
mtge 5s series AC
A Inc
•+
>*.
83
97%
Cons
1st mtge
58
39 Va
3
'
1st
A-O
■
1970
ABreda
54 Va
26
4%s ser. A__Jan 2019
2%s
mtge
1st mtge
J-J
I
1st mtge
inc
Chic & West'n Indiana
72%
95%
ser
series
15
43 Va
J-J
51%
95%
2%s
mtge
57
89%
1994
67%
M-N
mtge
1st
90
64%
•;
1961
Cons
1st
79
55%
41 Va
Jan 1 2044
2%-4%s_'„.
45%
79%
j-j
3'/as—1951
sevies
Beneficial Indus Loan 2%s debs
Bethlehem Steel Corp—
5s
73%
j-j
1951
Boston & Maine RR—
56 Va
19
87
88%
■
Columbus & Tol 1st extl 4s
1st
5s
80%
64%
43%
X.:.__-__i__.___..1951
43
'83
.J-J
1951
Extension
'
63%
88%
Chicago Union "Station—' ' '
1st mtge 3VsS series F__.—..1.1963
4%s
J -J
1985
stamped
Creek
%
73
115
115
j-j
Memphis Div 1st gold 46_j.
,_1951
Chic Terre Haute & S'eastern Ry—1
\
1st & ref M 2%-4,/4s_r.
L....1994
216
•
RR—
4s
Telephone of Pa
115
80
C4
J-J
_______1994
ser. B___i
y"
69%
"
41%
71%
77
J-J
RR—
Western
conv
49%
j
division
Bangor & Aroostook
1983
Chicago St L & New Orleans 5s
67%
(
:
93%
35
2003
A__Jan 1 2019
mtge 4s series A;______
46%
69%
48%
May
1st mtge 5% ser A '
fxd & 1%% cont int)__1980
(3 V2 %
Pac
ser
B____:
ser
cor.V
3s
mtge
Columbus
J-D
Feb 1 2010
Va
91
43
f
Chicago Rock Island & Pacific Ry—.
1st
S'western div
Toledo
inc
Chicago & North
Cleveland
—
due Dec 1 1993
income
West
60%
fixed
contingent interest)
conv
&
1st mortgage 3s
Cleveland & Pittsburgh RR—
J-D
J
Pgh Lake Erie &
Ref
86
due Mar 1 200o
due Mar 1 1996
K
Series
A4%s
84%
due Dec 1 1993
Ref & gen mtge 6%
and
S5%
contingent interest r—
Series
47
-Y
fixed
int)_July 1975
(2%
Y
•
97
1956
Jan
4s
A__
ser
conv
Ref
A-O
A
ser
mtge 4%s inc
Cin
A
ser
Paul
mtge 4s
General
B
Baltimore <fe Ohio RR—
A..___Jan
ser
Gen
'*
M-N
112
93
'
Line
.July 1952
inc
mtge 4%s inc
104 %
-1986
,*
debentures
mtge 4s
A 2d
Chicago Ind & Sou 50-year
4V2s
99
1975
conv
Atlanta
103%
/. F-A
-
2%s
Ann
100%
12
1980
debentures
2%s
3s
104
Telephone & Telegraph Co.—
2%s
A
"102 %
'
___1956
debentures
2%s
28
86
1972
Allis-Chalmers Mfg 2s debs^
Amer & Foreign Pow deb 5s
2%s
26
*97'/2 100
mtge
Albany & Susquehanna RR 41/as—1975
Alleghany & Western 1st gtd 4s—1998
American
3
26
26
ill
109%
21
v.-
RR—
Chicago Gt West 1st 4s series
16
RAILROAD AND INDUSTRIAL COMPANIES
1948
4s
,
95
5s*
103
12
110% ill
110 Va 111
f-a
.1997
111
conv
inc
mtge
110 Va,
*_*:.; 120 Y:J:,
F-A
%
103
117
110%
15
J-J
J-J
103%
101%
117
Y'Y 35
,
,_1970
2%s
mtge
25
124 Va
100%
117
1977
High
121
1
90
.
11
103 Va
103
RR—
B
Chicago & Erie 1st gold 5s
6%
Y1
103%
103
1985
series
Low'
YY
1958
4%s
January 1
No.
J-J
**1989
4s
ref
Range Since
Sold
F-A
19b9
4s
Bonds
High
M-N
_1996
4s_
1st & ref mtge 3%s__;
1st
92
90
__
gold
Chicago Ind & Louisville Ry—
Adams Express coll tr cold
AAdriatic Electric Co 7s
Friday's
124 Vs 124'/a
124%
-
84%
80%
*78
cons
M-S
1996
3%s series E
1st
Div
General
83
Af-N
Y J-D
Venetian Provinces 7s
or
Bid & Asked
'•
„___1992
Chicago Burlington & Quincy
121
121
•'
;
4%s_.
impt mtge 3%s D
R & A
8%
140
*117
•
&
gold
Ref & impt M
13%
——
*117
;V
Af-N
1979
—1978
conv*,
Week's Range
Last
Sale Price
Low
,
-1979
conversion
4-414.41/28 extl readjustment3%s extl readjustment.
^Warsaw
■
High
1937)—
readjustment
External
37/8-41/8-41biJs extl
5%
5%
*117
Af-N
Af-N
-
4
19
OO CT5
F-A
1960
of
5%
*8
J-J
6s———1964
5%
*10
1946
8s
sink
5 %
J-D
,
1957
External
5%
.J-D
1958
——1958
AExternal
A
Af-N
,-1962
7s—
.
Period
Chesapeake & Ohio Ry—
1962
.-
Sydney County Council 3Vis
lAUruguay (Republic) extl
•
Low
(Kingdom)—
external
ASilesia
No.
High
Friday
///'—;■Interest
New York Stock Exchange
.
'
Low
V'Y>v
■
Monday, February 23, 1948
t
BONDS
Range Since
Sold
'
RECORD
FEBRUARY
'
Serbs Croats & Slovenes
'
Week's Range
Friday
Interest
BONDS
,
&
2
88%
96
105%
105
a-oD;
1975
Dayton Pr & Lt 1st mtge,2%s
97%
97%
10
96
97%
100
101%
'
Dayton Union Ry 3V4s series B___1965
Deere & Co 2%s debs
,1965
California
Elec Power 1st 3s
Calif Oregon Power 3%s
Southern cons gtd 5s A
Canadian National Ry—
Guaranteed gold 4%s__
Guaranteed gold 5s
Guaranteed gold 5s
Guaranteed
gold
Guaranteed
gold
J-D
103%
103%
M-N
100
100
100
3
99%
100%
A-O
104
104
105
1962
Pac.
Carolina
Oct
1969
1st
'
CHnchfield & Ohio
A-0
108%
30
108%
109%
109% 109%
1
108 %
109%
111% 111%
5
111%
112%
4s
F-A
110%
110% 111
M-S
107%
107
89%
89
j-j
1965
M-S
1981
J-D
A-O
I960
.
30
91
110%
106%
107 V2
1st gold 4s
1948
Georgia Ry—
§ A 1st mtge ,5s
_Nov 1945
§ AConsol gold 5s
1945
61
60
91
89
3
J-D
ACent Branch U P
100%
61
gen
5%s series B
99%
58%
Illinois Light 3%s
IA Central of N J gen gold 5s
A5s registered
Power
66
25
64
66 %
43%
45
56
39%
45 7 a
75
6%
8%
7%
A-O
63
%
6%
7%
142
1966
J-D
*52
59 Va
J-J
*15
107% 107%
6%
19
A-O
1987
Q-J
1987
:
—-
~
•
J-J
Q-J
19
18%
/ 107%
44 V2
37%
%
38 %
26
35%
42%
32%
33%
11
32%
*—
4
107
39
103
103%
(4%% to Aug 1 1949)
1974
IA Central RR & Banking Co
5s stamp
(partial redemption)__1942
F-A
*98
Af-N
Champion Paper & Fibre deb 3s___ 1965
J-j
32%
102%
For
series
footnotes
100
99% 100
91%
82%
83
8
54%
55
10
90 Va
16
...
95%
4-6s
1st
—May
Power
Light
&
mtge & coll
Af-N
Af-N
2042
1973
Af-N
a-o
J-D
80%
83
54
60
.
1
3s
tr 3VaS——1977
59%
.
101%
59%
20
101% 101%
104
54%
61%
102
9
101
—
105
—
—
Denver 81 Rio Grande West
1st
80
84%
51%
57%
RR—
mtge ser A (3% fixed
contingent int)
1993
mtge
Denver
&
Income
A
ser
contingent lnt)
J-J
81%
80
81%
26
201t
Apr
53%
52%
55 %
175
1993
1%
J-J
68 Va
(4%%
—,
Lake—.
Salt
mtge
(3%
contingent
fixed
int)
70 Va
11
M-S
103% 108%
10
108
109 %
J-D
1966
Gen & ref 3s series H
.1970.
Gen & ref 2%s series I—>:
—1982
Detroit & Mackinac 1st lien gold 4s 1995
ASecond
Detroit
3%s
Edison
gold
Term
&
series G
102% 1027a
26
102%
103 7/a
96%
20
69
66 Va
70 Va
\
4s
4%s
*
J-D
1995
—
Tunnel
96 Va
M-S
•
63
-Af-N
Af-S
J-J
99
,
v
96
69
•
_
*57%
"
1961
B__1976
— 1QR1
68 Va
*
'
60
6
96
1
■
99%
967/a
71
60%
100
Det Tol & Ironton RR 2%s ser
Dow
Chemical
2.35s
debs.^
81
84
97%-
97
97%
35
96Va
f 8
40%
38
40%
12
38
98%
99%
14
98%
84
•
84
t§ ADul Sou Shore & Atl gold
Duquesne
Light Co
2%s
J-J
5s—1937
1977
F-A
.
41%
100 Va
37
6
97%
22
102 Vs
103%
96%
97%
101
110
110
East Tenn Va & Ga Div 1st 5s
page
-
28,
V
t
*__
97%
33
97%
33
2
33%
97%
98%
1950
M-N
•*110
114 V4
Ed El 111
1995
1970
-J-J
- Af-S
*141
156%
156%
156%
Elgin Joliet & East Ry 3%s
A
see
90%
91%
38%
A-0
ref
8V4
52%
59
F-A
3s
%
39%
38%
1974
ref
52
37' %
J-J
gtd gold 4s_1949
1st
tr
Coll
Delaware
99%
65%
45
6%
1987
i
*•
York
Central Pacific
&
102
99
5
6 '/a
1987
4s
registered
New
M-N
1973
1993
C
Essex-division
Detroit
F-A
-
14
—
1959
Central
ser
mtge due
1%
*63
A-O
AChatt Div. pur money gold 4s__1951
i AMobile Div 1st gold 5s
1946
AGeneral
ref M ,5s
&
62
100%
19
99%
.1959
ARef & gen 5s series C
1st
96
of
&
1st &
Morris
107% •108
11
100% 100%
L
112%
10
107%
107% 107%
F-A
*
extended—1.963
ZY-
101
Lack & West RR Co—
Lack & Western div
Y
N
AIncome
.1965
A4s
108% 109 %
F-A
& Adirondack Ry—
Corp 3s debs
Celotex Corp 3%s debs
Central
113%
Af-N
101
A-O
Delaware,
105
111%
J-D
—1956
mtge gtd 4s
A Ref
100%
3
1955
4%s
Celanese
JCentral
27
111% 111%
j-j
1970
43/4s
gold 4%s
1951
Ry 4% deb stk perpetual.
Carthage
*99% 103%
AIncome
1957
Guaranteed
Can
Delaware & Hudson 4s
1976
1974
Canada
103 Va
'
J-D
103%
103
105
El Paso
1S65
A-O
103% 104%
103
105
-
-
4"°
5s
(NY)
1st cons gold 5s
& S'western
stamped*
1st
—~T
5s
•
*
103 34
103%
*104
Number- 4675V
167
Volume
A
A
■
'
THE'COMMERCIAL & FINANCIAL CHRONICLE
" '-
.
■'
.
■
S
Av..'!,k'AAA
Friday
Last
Period
Sale Price
1st cons mtge
1st cons mtge
64%
j-j
J-J
1st
2015
1964
1990
-2000
3%-s ser F—
SVfcs ser G
mtge 2s set' H
1st mtge 3'As_
cons
Div
64
A-O
'•'"?•
No.
Low
'•••
98%
•81
"80
■
u-s
\y%
•
24
New
93
100
93
t
82
80
1
fFlorida
A 1st
Tire
&
East
&
Rub
Coast
ref
ACertificates
of
1959
M-S
■
■
v
.,
'•>.
,
1956
6s
v-
102 %
101
102%
General
a4s
Realty &
inc
conv
Goodrich
Great
Berg Co
Utilities
2
50 %
102% 102%
62 3A
~2~
',
102%
103%
1st
&
ref
&
ref
1st
Ry
5'As
General
5s
J-D
2%s_1965
82
M-N
I
mtge
series
series
.
.
J-J
B
C__
Gen
mtge 3'/gs
ser
N
1990
Gen
mtge 3'/es
ser
O
2000
>
.
V 4111
111 VB
j-j
%
lU '/a
93
mtge 2%s
P
1982
j-j
Gen
mtge 2%s ser Q
2010
92%
13
90
mtge 2'As
1961
ser
R
ser
Greyhound Corp
'
"83
'
-•
86
76'A
j-j
West deb ctfs A
ctfs
-•
92%
1959
■
Gulf Mobile & Ohio RR—
1975
j-j
mtge inc 5s ser A
-July 2015
1969
1st & ref 3%s series D_*__
j-j
mtge inc
Gulf States
B
4s ser
Util
M
1st
Jan
v-
2%s
95
97
8'8 >■:
91
'
.
'•
82%
74
*
86
;
f
12
-v
92%
vlr
'
37
109
109%
102 »A
M-d
106%
106:% 107%
20
105'%
107%
series F
2003
l-O
G
2003
A-O
gold 3s
1980
lf-8
1955
if-N
"109% 118
1972
M-N
"100
2%s
RR—
ser
4s
Div
(RH)
Macy
2%s
debs
4%s
& Co
Central
Maine
ser
RR
95%
96'A
85
85'A
"96
%%
'
'
7-
•
'
:>A.
'-
'/r-y
;
'
96
59
100%
7
70% '
7
93%
•'■'•■,•'
93%
58%
101%
93
95
J
96
69' v
71%
92%
•
k
60
94'A
r.
M-N
7%
}: j
va
13
84
97%
86
96
96%
109%
109%
A
93%
42
56%
61%
20
93%
95
99
__
99 %
*-o
68%
69
68
71
j-d
97%
97%
97
98
M-N
85%
85 3 b
84%
86
4s
con
ser
(Southern Lines)
RR
4s__1959
May Dept Stores 2%s debs
1972
Corp 1st mtge 3s___
1966
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5%s—1950
If-N
"23
78
J-J
"95'A
96%
j-d
"—
98
|f-N
l-o
;
94%
95'A
98
99% 100
98
99%
100
100%
100 "A
99%
100
99%
100
Michigan C""t.ral—
Jack Lans
1951
gold 3%s
1952
Ref & impt 4 V2S series C
1979
Michigan Cons Gas 1st mtge 3%s_1969
1st mtge 2%s
:
1969
Minnesota
&
Sag 3%s
1st ext 5s
ms
Mining
A Gen
mtge
A-O
55
.
"100
1962
J-J
>61'/a
1978
J-J
63'A
64
50%
47
51%
73
73
74
101
90%
91
90
92
53
53%
50%
55%
68%
70
68%
73
74%
71 Va
75
61
63%
61 'A
65%
47
51%
RR—
B
series
D
l-O
adjust
57
98%
101'A
73'A
4%s
96
54%
J-J
J-J
"J-J
series A—Jan 1967
^Missouri Pacific RR Co—
A 1st & ref 5s series A
1965
A Cum
"53
1962
series
4s
lien
106'A
96
II
4-C
J-D
lien 5s series A
Prior
104'A
lf-8
1990
Missouri-Kansas Texas
40-year
83%
104'A 105'A
Jan 1971
Jan 1991
ser
Mo Kansas & Texas
Prior
83
105'A
1st 4s
inc
A
83%
|f>-8
4s inc ser A
mtge 4%s
1st
"100
J-J
1967
&
"100% 101
If-N
1940
Mfg 234s
Minn fit Paul & Sault Ste Marie—
'
'
7
•.
95
1960
92%
91%
•
24
18
•
B
1954
Manati Sugar 4s sink fund__Feb 1 1957
mtge &
t§AMidland of N J
76%
ri-: rV
'
•
69%
Apr
1976
90
95
■■
4-0
2044
112
'
7
'
1st & ref 4s series B_
118%
21
101% 101%';
A-O
Gen
112
116
110
"57
Feb
3s df-bs
:
».:
Aa 1.-;:
76%
.
92
"
Feb
B
•
109'A
5
e
Migh
2
I960
3%s
1st
3 *
:
94'A
90
j-j
Gen
98%
117'A.y'
90
Gen
.
83%
9 7'A
111 'A 111'A-
'
ADebentures
81%
'
-
983'4
117%
•V:
J-J
r
I
111%
j-j/
j-j •••;
1973
1976
Gen
r'
v:;- 23
-
98%
Co—
General 4'As series D
AGreen Bay &
103
103
j.
.
Low
103% 109%
101
Cine
&
January 1
No.
32
3%s
M
Range Since
Sold
101'A 101%
Mead
"102
M-S
1969
Co
P-l
'
Bonds
High
101 %
Elec
&
M
Knox
1st
Corp—
debs—
(B F)
Northern
General
1949
5s__
cons
Range
Friday's
or
Bid & Asked
__
m-n
27
■
104
100
20
-
.
.
A-O
Louisville & Nashville
A Manila
Gas & Elec of
Gas
•1st
u
■>""
.52% <52'A"
__
1951
1963
St Louis Div 2d
103 '/a 104 %
"ioo'A
_J-
2_
M-S
deposit
Francisco Sugar coll trust
103%
'-D
1974
4VaS__—
A
Sale Prlci
•
"98
M-N
1961
deb
3s
1st
5s series
Last
Period
!.,
Co deb 5s
(P)
Louisville
80%
(867)
■
Week's
Interest
Exchange
debentures
3s
Atl
Firestone
Stock
Low
68%
81
'>'•*% -O'
York
High'
64%
f
V
85%
.
"95
V-'
r>
65%
81
■
•"
M-S
1971
%
■
20
BONDS
January 1
High
"93
_A
J-J
-
-
RECORD
FEBRUARY
Lorillard
Gen
Ohio
ENDED
Range Since
Sold
Co—
mtge inc 4%S,ser A-__Jan
1st cons mtge 3'As ser E___
•
BOND
'
'
-
Friday
Bonds
Friday's
or
Bid & Asked
Low
Erie Railroad
WEEK
FOR
'
Week's Range
Interest
,
YORK
RANGE
'v.'.
Stock Exchange
York
N EW
AAA!
BONDS ,vv
New
■"
-
5s
1
F-A
79
'•
8
v
715/b
78%
1973
MB
32
31%
33%
29J
30'A
39
A 1st
& ref 5s series F
1977
M-a
72%
72%
74%
255
71%
79
A 1st
& ref 5s series G
1978
M-N
72%
72%
74%
85
72
78%
A General
Hackensack
Water
1st
M-S
mtge 2%s__1970
i'l
94%
Hocking Valley Ry 1st 4'As
1999
J-J
Household
1970
J-J
1962
J-D
1949
M-N
1957"
F-A
60
A-O
21%
Hudson
Finance
Coal
Hudson
Co
Hudson
&
AAdJ
1st
Gas
1st gold 5s
Manhattan 1st 5s A
Bell
Feb 1957
5s
Telep
2%a
series
Illinois Central RR—
1st
23As
f 5s series A
s
income
Illinois
Corp
gold
r
A
A
>
1981
94%
94'A
119% 122;
"95'A
S4%
90
36
'
105% 105%
60
j- j
22%
95%
■
104'A
105%
57%
62'A
17%
85
:
91%
23%
'$
265
103
1951
j-j
a-o
1951
M-S
1952
a-o
1955
M -n
Purchased lines 3'As
1952
j-j
Collateral
1953
M-n
100%
•100%
1st
3s
gold
Collateral
gold 3'As
sterling
trust
Refunding
gold 4s
4s'
______
trust
Refunding
.
gold 4s
5s
100%
100% 101'A
S)8
103 %
98
103%
98'%
101
99
95
101
r
100%
"
—
95
99 %
99%
98
95
1955
m-n
40-year 43As
1966
F- A
Cairo Bridge gold 4s
1950
j-D
Litchfield Dlv 1st gold 3s—
1951
j-j
?100'A
gold 3'/as_1953
j-j
"10014
Louisville Div & Term
Omaha Div 1st
St
gold 3s
Louis Div & Term
Gold
3 Vas
1st
3'As
gold
gold
Cent and
Joint
1st
&
ref
4%s
1st ref mtge
Illinois
St L
series
N
6s series
1st
;
j-j
10014
98
u
9.9%
100
Ve
97
101%
99 %
97
101%
97
w-4
-105.
j-d
1963
j-d
j-j
j-j
Ry
ser
,'
Co—
series
series
88
77V4"96%
A
j-j
53%
A-O
A 1st gold
5s series C
fAInternat Hydro-Elec deb 6s
1956
a-o
m-n
90
&
Clear
1st
52%
26
52
%
51'A
','
Cons
20 ■;
80
54%
50
&
1959
75%
77 Va
75%
95%
96
95%
96%
City Terminal Ity 23As
Ker'ucky Central gold 4s
Kentucky & Indiana Term 4%»
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.
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registered
"
1987
& St Louis—
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A
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3s
103
3%»
45
97'
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1997
170
99%. 10014
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A
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stamped_____
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1975
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&
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&
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4
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i
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106
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16
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28.
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1st gold 5s
Telephone 2%s ser D
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336
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412
31
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1982
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1974
121-. 121
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1974
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54
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49
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127
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116
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1997
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1937
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1977
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67
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98
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j-j
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cons gtd 4s
1993
1st
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97
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3
94
81%
89
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1953
84
82%
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June 1992
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60
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1954
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ser
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1957
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1949
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see
97
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;
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1954
1962
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ref
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97
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1973
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j.;
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2003
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stamped
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104%
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1st 3%s
1983
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..
2003
ALombard Electric 7s series A__
Guaranteed
"96'/8
85
97 %
102%
■' N.
§ A General gold 5s
F- Ar'":
2003
modified—
91%
94
•
F- A'y;
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s
1965
Liggett & Myers Tobacco 5s
^1951
4s
84'A
98%
99'A
103% 104
103%
j-d
mtge conv inc 4'As ser A_2022
General
§ 1st
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2003
stamped modified
4%s registered
gen
85
99
a-o
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trust
N Y State Elec b
1974
gtd 5s
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Little Miami
92
-
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Lehigh Valley Ry Co NY 4%8 ext. 1980
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'
2003
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F-A
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i
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N
'
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4s
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A
series
4s
B
New Haven
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101
1%
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.1964
stamped-;-
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9
1973
3%s
West
series
1st
176
j-d
, 1st & ref sink fund 5s_
1954
',:y5s stamped y———
1954
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-
90%
1951
2000
2043
2043
4s
gold
gACollateral
97'4
,
Lack &
IN Y
112%
'9714
•
Y
4%s
97
112%
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114
45
1st
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N
111
44
"112%
10014
10014
Ltd—
mtge income reg
Lehigh Coal & Navigation Co—
'?/■ S F mtge 3'As. scr A.
y 5s
72%'
90%
m-a
1980
Mtge 4s series A
100%
110%
"97
1997
Cosi]
78%
64%
65
Dock
102%
96%
"4214
1959
1st
Lehigh Valley
59%
68%
9
F-A
Y
N
N Y & Harlem gold
9714
1901
1964
ctfs
Sou gold
Co
54%
33
70
87%
Y
99
97 '4
"110
1997
3%s registered
.
24
75
69
mtge 3s ser F
1988
Connecting RR 2%s ser B—1973
A
& Mieh
57%
73%
New York Chicago
f AN Y Ont & West ref 4s
Lake Sh
56%
74%
m-N
1997
1997
1998
1998
1998
1998
3%s
registered
coll gold 3%s
3%s registered
Mich Cent coll gold 3%s
95%
97'4
1961
5s
56%
M-N
2013
2013
Shore
98%
98% 100 %
1901
—
Kings County El L & P 6s
mtge
J-D
85 '/a
3%s
94'%
:
W
"102% 104'4
100%
1974
1961
_
Plain
Toll
64'A
102
81%
1970
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1st
29
.
General mtge
Lake
101
4s
1st gtd gold 48—1990
City Power & Light 23As
1970
Kansas City Southern
Ry 1st 3s
1950
1st mtge 4s ser A
1975
Co
79
102%
101
-
61 'A
101'A
'■
101% 101'A
F-A
& Hudson River RR—
Y Central
N
63%
101
2%s
Kansas
tAKreuger &
v
^
1998
A
impt 4%s series A
impt 5s series C
&
Ref
53
61
101%
series
4s
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6 3'A
61 'A
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Kanawha & Mich
Koppers
373
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-
M-N
a'-o
N
unguaranteed
•••.''
■
1956
RR Co—
York Central
New
58'A
26
51
62
v'V
52%
41
48%
■
54%
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85%
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4'As
7
1954
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21
deposit
of
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64
e
D
series
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97
.
,85%
•
21
•
21%
j-j
1944
1972
Jersey Central Pow & St
79
.72
deposit
of
Certificates
A 1st
82%
77
95
100
A
Int
James
72
179
1950
5s series C
A 1st
95
81%
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1
J-J/
Rys Cent Amer 1st 5s B
89 %
8334
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j-d
A___July 1952.
B
97
74%
F-A
Nashville Chattanooga & St Louis—
1st mtge 3s ser B
1986
National Dairy Products 2%s debs_1970
National Steel Corp 1st mtge 3s__1965
National Supply 234s debs
19671
ANaugatuck RR 1st gold 4s
1954
Newark Consol Gas cons 5s
1948
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1952
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1961
3s debentures
1982
N J Junction RR gtd 1st 4s
"J?
New Jersey Power & Light 3s___„1974
New Orleans Great Nor 5s A—_j_1983
New Orleans & Northeastern RR—
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1952
New Orleans Term 1st gtd 4s
1953
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a 1st 5s series B__
1954
ACeiMiicates of deposit
"
1952
A
6s
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'
j-d
1970
1950
89%
82%
96%
1963
A
1st gold 4s
1956
5s
99
.
"101
1963
C
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•
9914
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1986
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A
4s ser D
Terminal
Indiana 111 & Iowa
Indianapolis
&
series
5s
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74%
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—
'97
1951
4s
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106 Ve
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ref
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111
103% 103
■
j-j
1951
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Lines
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1951
___
Springfield Div
Western
1951
:
gold 3s
1958
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1955
-N
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1953
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18'A
72%
MS
1966-
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Morrell (John) & Co 3s debs
"19%
72%
103
100%
'100%
1951
i
1st
Moh'k &
19%
72%
F-A
& ref
97
j- j
1951
Extended
M-N
1980
1981
Malone 1st gtd gold 4s—1991
&
A 1st
.
1-0
1949
gold 5%s ser A
ref gold 5s series H
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96
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k
3
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,
122
96
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102
4s
registered.
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3s
registered-
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2047
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&
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98
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•
97'A
61%
55
67%
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66
91%
100
88%
52
88
92
93%
27
92
92%
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1975
-
93'A
8
92%
86
99%
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95%
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96%
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97
97
Co—
(Minn)
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mtge 2%s
1st mtge 2%s
(Wise)
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1975
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96'A
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98
96 %
95'A
9
96%
THE COMMERCIAL & FINANCIAL CHRONICLE
(868)
28
RANGE
Friday
;
WEEK
FOR
Week's Range
or
Friday's
Last
Period
Stock Exchange
York
Bonds
Sold
RECORD
FEBRUARY
ENDED
January 1
Sale Price
Low
No.
High
Friday
BONDS
New
York
Stock
.1
ft.iji,'
..
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\
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H
'
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94%
94%
93%
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*
ref
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A
ref
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12
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12
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12
1
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94%
7
93 Vi
103 Va
94
29
30
1966
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98
97%
98
19
1976
97'A
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94%
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94%
45
1963
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Nor
&
Ala
RR
gtd 5fl
103%
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debentures
3s
104%
1979
2%s
debentures
1985
debentures
1987
Indiana
Pacific
3s
series
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22
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28
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101
100% 101
27
1977
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1981
1980
debs
1985
1986
.—
Pennsylvania
Pennsylvania
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■
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4s
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ft
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A-O
40
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—
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s
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—
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105%
105
105
106
98
29
1953
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13
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;
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1974
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84'A
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—
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5
I
102'A
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1978
deb
1967
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1970
101%
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1
'
84%
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100
5
100
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II
100
lst
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105
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107"
96
96%
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101
103%
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99
99
15.'
89%
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26
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97
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108
98%
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99
96'A
.
94
87%
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96
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——
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91
97%
94
10
92'A
97%
10
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& Southwest
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f
s
series B
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lst
lst gtd 6s
2003
5s
cons
m-a
97
„
96%
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1958
A-O
1995
Jf-N
94 Va
101
*—
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96%
991/2
100
109%
98
98%
99
99%
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96%
99 Va
74
74
74
2
74
79%
75%
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76
15
75 Va
92
91%
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7
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93
96%
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11
94 %
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87 V,
9
87
90%
2
103
105%
:
99%
W
Wabash RR Co—
inc ser A
Gen mtge inc
lst
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4%s ser B
Jan 1991
31/43 ser B
1971
(Hiram; G ft W 2%s debs_1960
mtge
Walker
Baking Co—
(subordinated)
5V2S debs
1970
Apr
Apr
Apr
u-n
4
M-m
87
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A-O
105
105
Warren RR lst ref gtd gold 3%S— 2000
~8%
90
106%
~
103
103%
2
142%
145
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Westchester
107
5
F-A
1948
Washington Central Ry lst 4s
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U
,90
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105
78'A
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v
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220
98%
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108%
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54
50
■
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.
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■
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.
19
106%
109
106%
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Jan
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5s_.
debentures
u-n
j-j
1951
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—
us
j-j
1971
5s
1950
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1960
gold
30-year
,f
2014
98%
US
97%
98%
100%
93'A
97 Va
90'A
92
85%
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101'A IOIV2
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57
85
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86
95
73
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101'A
97%
98%
98
98 %
27
110
Shore lst 4s guaranteed
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2361
u-s
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ms
59'A
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60
1949
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1992
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59
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11
102%
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&
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1946
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1967
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42
50
:'i-—
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8%
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8
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*
.1996
A-O
*_w
.1955
J-J
*95
J-J
81%
80%
82
121
2022
May
52%
52
53%
102
102%
arold 4*-lAM
M-M
J-J
J-j
1971
A-O
97%
102%
:
97%
97%
—
94 '/a
94
94'A
14
93'A
94%
95
8
94'A
102% 103
—'*109 './
S
A-O
lst 4*—_
.1960
j-j
.1941
*-J
B
9%
28
101%
A Certificates
Electric
Public
91 %
13
97
■
96%
96
V
-
■
100
64
J-D
93%
•
70%
:111%
72 'A
326
.
J-J
deposit"Power 2%«
1978
Service 3VIis—_1971
,
29 'A
271/2" 30
—
94'A *94%
'96
•'
f
[ +1
!,' 75%
71
Jf-N
Ul'A
'.W,
''
'
64
19'A
73
30
.•
of
J-D
j-j
■,.,
*103
■>10
.105%
93
103
-94'A
104
89%
99%
84%
__
80
84%
331
51%
55%
22
98%
102%
80%
82%
89 Vi
95
82%
92%
;
68
Yonkers Elec Lt ft Power 2tts
101
101
101
1976
j-j
92%
95
92%
1
;
a
Deferred delivery sale not Included In the year's range,
d Ex-Interest,
s Odd-lot sals not
in the year's range,
n Under-the-rule sale not Included In the year's range,
r Cash sate
in the year's range,
y Ex-coupon.
Included
included
SNegotibbility impaired by maturity.
tThe price represented is the dollar quotation
unit of bonds. Accrued interest payable at the exchange rate of 84.8484.
101
per 200-
pound
*127
j-j
71%
103% »
98
.not
—
102%
v
| ASu ft Du div ft term lst 4s—1936
tCompanies reported
j-J
us
j-j
79 %
'■■_ *80
—
92%
M-M
1st mtge 4s ser A
1995
AGen mtge 4 Vis ser A
Jan 2016
seagram (Joe E) ft Sons 2 Vis
1966
.1970
.1967
.1958
tWiscensin Central Ry
IA lst general 4s
A Certificates
of deposit
8%
J-D
1969
—
mortgage 3s-
Wisconsin
.1971
.1996
certificates^—
„1989
2d 4s inc bond
ctfs—Nov 1989
Gen ft ref gold 5s series'
A—i_—1990
D
99%
-■
Wilson
107%
.1997
22
98%
96%
Ward
103% 103 %
j-j
1967
:
95%
Lm,
*100%
II
100
*105%
1967
Depot 3 Vis B
Scioto V ft N E lst
gtd 4s
Seaboard Air Line RR Co—
95
108
*86
M-m
bond
cons
95%
*96%
M-a
105%
*118'A
Francisco Ry Co—
St Paul ft Duluth 1st
St Paul Union
99%
102% 103%
■
ref mtge 23As ser E—
1975
Iron Coal ft Coke lst gold 5s__1949
.
St
61%
r-A
100%
5
1977
lnc<4%6 ser A__Jan
Louis-Southwestern Ry—
'
-■
MS
Walworth Co conv"debentures 3%s_1970
5
i960
stpdIIIII
'
83
98 V2
107% 108
•
M-m
■
5s
100'A
75
42%
99
95%
Jf-N
1960
debs
Wisconsin
P
575
*102
A-O
1976
——
lst mtge 4s series
A—
A2nd mtge
14
51%
—
__1991
__
lst ft
R
Saguenay Power 3s series A
St Lawr ft Adir
1st gold 5s
2d gold 6s
•
100
77%
1957
117
100%
.1964
stamped
102
1959
100
116
—
105 % 105 %
1972
stpd
98'A
RR—
debentures
Cons
88
100
1966
series J
94%
42%
*
88
84%
j-d
ref 3 Vis ser D..1996
31
75
88
L-,''
17
.
j-j
2037
907/a
124%
101%
j-j
2037
92%
89
121%
Virginia Electric ft Power Co—
1017/a
1011/2
84'A
M-m
11
10
95%
*100
J-D
debentures
Universal
j-d
__
92%
90%
95%
43
J-J
3s
3%s— —1971
mtge 2'As series C
United Biscuit 2%s debs—
103%
1
4
100
1956
mtge 3 Vis series H
Oen mtge 3 Vis series I
95%
M-a
2%s
Ref
103%
86'A
*117
--
94
89%
121 % 122
j-d
tr
Calif
Pacific
2%8
871/2
*84
j-d
1977
Gen
98%
104%
j-j
of
debentures—
Union
108
84%
r-A
1957
Rochester Gas ft Elec
Corp—
Oen mtge 4Vis series D
97Va
IO31/2
90%
122
A-O
Co
Gen mtge 4s
1945
116%
,
26
63
Pacific—
Ori 3%s
coll
ft
Oil
2%s
108
103%
84%
.'
115
5
98 Va
•931/a
J-j
ser
Corp
115
97'%
103% 104'A
A-O
A-O
1st ref 4s
Electric
mtge
2%s
&
98%
97%
109
1966
3 Vis
97%
104%
j-d
Westinghouse El ft Mfg 2%s
Rocky Mt
94%
100
——
109
1977
Quaker Oat* 2%a deb.
115
1990
Telegraph CoFunding & real estate 4%s
St Louis-San
101 »/2
92 Va
100
——
•>v.
—
ltute
4s
M-m
1976
Western
St L
%
*•
—
13
j-d
1962
1974
4s_.
3%s
New
Ry
J-j
A-O
2000
Western
4s
100%
44
%
97%
97%
gold 5«_
lst
income 5s
2%s
26
103
A-O
C
4%s
12
94'/a
99
M-a
Union
102
101'A 101%
—
A-O
mtge 5s
mtge 8s
®6n. ®*ge 3Vis
93 Va
j-d
——
102
101% 101 %
—
j-d
1955
;
RR of
Adj
lst
101'A, 102
103% 104'A
*103%
Service El a Gas 3 Vis
1st ft ref
mtge 3s
»
101% 101 %
94%
i960
ser B
Pacific-Missouri
Union
94'A
103% 105
M-E
series D
J A Rut-Canadian
tlARutland RR
101 %
•.*
Va
105
3 Vis_1864
B
M
&
Vandalia
j-d
A-O
i960
Brass
M-m
Tol ft Ohio Cent ref ft lmpt 3%s_.I960
Trenton Gas ft Elec lst gold 5s
1949
101
94'A
*109% 112
86'A
ft Ashtabula Ry
A
Reading Co lst ft
Revere Copper ft
52
2019
3%s ser C
A
11%
100%
--
*104% 106%
r-A
1959
«
95%
56
RR—
3%s
Term
13
*102
M-m
A
«£ mort8age 3 Vis
1,81106 Securities
931/4
1
1969
ref M
Texas
98.
10
A-O
APittston Co 5Vis tnc aeo_
Potomac El Pwr 1st
mtge 3%s
1st ft ref
1st ft ref
Imp M 4s ser C
imp 2%s series D
Third Ave
99%
9
100% 100%
__
B
^Providence Terminal
Public
102 V2
1
51
RR Assn of Bt Louis—
&
Gen
100
97
12%
1973
series
J't gen 4Vis
5
94%
98%
98%
97'A
*95% 100%
--
r-A
97
12
12
1964
lst mtge 4Vis
series C
series
103%
51
U
98
25
v/ ;
97
.
ft West Virginia
Ry
5s
debs
s
%
107%
98 'A
—
__
1993
1965
series
2%
94
105
98
1950
series B
mtge 4Vis series
mtge 4Vis series
103
.
116%
94%
Trl-Contlnental
v:,,
10
».?A8 d®b«ntures
5s
Co
lst
100%
*96%
106 '/a
r-A
Il957
mtge
103 %
78%
90
Apr
j-j
106
99
,
Coal—
1st
j-j
81%
76%
A-O
1971
ft
Texas
I'
116
-
j-d
tSh,S£e £ Che,m lst mtge
Consolidation
deb 2%s
92
80
90
"103'A
P-A
84
106
99% 100'A
*109
J-j
1964
E
ser
(N J)
lst ft
S3
j-d
1949
Pittsburgh
4s
103
1951
9?
J-J
61%
3
U-n
,
3%s
'80
60
20
U-N
Pgh Cine
Chicago ft St Louis RR—
Gen mtge 5s series A
1970
Gen mtge 5s series B
1975
gen
106
1971
100
20
2%s__l996
J
gen
111%
103 %
Texas Corp 3s deb
Texas ft New Orleans
99'A
60
Chicago & St Louis Ry—
Youngstowri
107'A
1081/4
1966
99%
94
68
81
1937
4s
Cons gtd 4Vis series I__
Cons gtd 4Vis series
♦ *
94
11
99%
j-j
1981
Cons gtd 4s series F
Cons gtd 4s series G
Cons gtd 4s series H
« A
54
951/2
98%
Apr
1967
Cons gtd 3Vis series E
gen
95%
94%
J.
99
A-O
1974
Pittsburg Bessemer
1st
113'A
A-O
Co—
Certificates of deposit
Phillips Petroleum 2%s debs
1st
1112
j-j
-I960
2%s
1st
105
16
Swift
103%
1985
ext
A
Pitts
24
108% 109%
6%s series A
gen
Oil
110%
1952
,
liAPhillppine Ry
1st
7
1984
1st a ref 2%s_;
1st
106% 107
109%
J-J
Ref ft
99%
j-d
Pittsburgh
106%
A-O
1996
Ref
104'A
j-/
Steel
A-O
1956
100%
19
i97i
Pittsburgh
91 «/2
100 hi
1981
2%s
_.J"t.mtge 4Vis
31
100%
10
—
103
j-j
P
93
6s series A
113%
83%
98 »A
'A 101%
1977
®tge
A-O
1956
series A
4s
gen
gen
*82
100
100
1961
ref
1956
97'A
106% 106%
Philadelphia Co coll
Philadelphia Electric
ref
112%
100%
100% 100/-j
*100%
r-A
.s
99
100%
1974
Pgh Cine
12
—
106'A
Phlla Bait A Wash RR CoGeneral 5s series B
General gold 4Vis series C
ref
99 'A
99
*98% 105'A
—
j-d
—
1st
24
j-j
Sunray Oil Corp 2%s debs
106%
J-D
Income 4s
Apr 1990
Peoria a Pekin Union Ry 5%s
1974
Ptre Marquette Ry 3%s ser D
1980
1st ft
101
113% 114
103'A
1965
A
tr
100
j-j
gold 5s
cons
Standard
44%
1968
F
ser
*100% 101%
1994
'
mtge 3 Vis
Piorla A Eastern
89'A
1
Terminal
gold 4s.
Gen
92%
84%
31
Spokane
•
RR—
•___
ft
'
103%
—
—
87%
72
78
1st
1980
Internat lst gold 4Vis—2013
Oil of Calif 2%s debs
1966
A
35%
50
88'
90
Ry
Southwestern Bell Tel 2%s debs
-
106
107
*103%
—
100
41%
*106
90
85%
76%
Memphis Div lst gold 5s_
Louis Div lst gold 4s
"
'1
88%
87%
90
1966
G
ser
St
—
—
.
1975
General 4Vis series D
Gen mtge 4 Vis series E
Conv deb 3 Vis
1st
V8
102%
''—
*102
—
96%
89%
M-m
77%
Southern
96%
94%
*103
Jf-B
1965
General 4Vis series A
General 5s series B_
v
94
91'A
101
921%
Co-
stamped dollar.^
sinking fund 4Vis__.
ft
40
80
M-m
j-d
Co—
RR
94%
93%
90
&
1
32
94%
j-j
Devel
93 3A
95%
ser A-1971
M-a
j-j
ft
93
mtg3Vis
2%s ser E_
ft
95%
101%
82%
82%
.
1981
Devel
101% 101%
A-O
1960
3Vis
sterl
Cons
j-d
A-O
96
81 Vi
*81
j-j
1996
Devel
56
94%
95V2
mtge 2%s
98%
Vi
100%
91Va
lst
97
98
98 Va
11
mtge
96 %
4
32
94%
*95% 101 %
mtge 2%s series P
941/4
95%
98% 100
93
r-A
j-j
lst
101'/a
98
98
1952
f debentures
Pennsylvania
j-d
Pacific
99 %
95V2
—1981
lst
Standard
ctfs
lit mtge 3s__
3i
j-d
4%s
8
100'A 101
:
________1960
trust
Glass
101
Airlines—
3Vis conv inc debs
Pennsylvania Co—
series
j-d
.1977
.1966
124
1st
101 %
99%
100
94%
124
Co—'
(Oregon Lines)
Southern
101%
J-D
1994
4%s
San Fr Term
102
J-D
debentures
Gtd 4s
101%
1974
debentures
1987
Paducah A 111 1st s f gold 4%s
1955
Paterson a Passaic G & E cons 5S-1949
,
100 Va
15
107 'A
1979
N
3 Vis
Pennsylvania-Central
107'A
_1971
series
Tel
*106% 108%
L
1st ft ref 2%s series P
1st ft ref 2%s series Q
Pacific
J-D
M
series
series
4Vis
Ry aVia
j-j
98%
91%
"121
Souinern Bell Tel ft Tel Co—
94 Vi
31
92%
15
South
100%
11
58
30
Bkelly Oil 2%s debs
Socony-Vacuum Oil 2 Vis
12%
4
1970
J
High.
94
29
Gold
1966
Low
93%
Gold
I
January 1
No.
P-A
Partite Qas ft Electric Co—
series
Range Since
Sold
1941
lst
3Vis
Bonds
High
A-O
Southern
ret
Friday's
1971
Southern
A
or
Bid ft Asked
»
2%s
1st
Sale Price
t§ASilesian-Am Corp coll tr 7e
SOgdensburg ft Lake Champlaln Rj—
A lit guaranteed 4s
1V48
Ohio Kdison 1st mtge 3s
1974
1st mtge 2%s
1975
Oklahoma Qas ft Electric 2%s
1975
A_1960
Last
Period
Low
O
ser
Week's Range
Interest
Exchange
'
1
_
High
Shell
1
20
Range Since
Bid & Asked
'
Interest
BONDS
New
BOND
YORK
NEW
Monday, February 23, 1948
99% 100%
23
98%
100%
,62%
64%
75
61%
93%
29
92%
94
the
68%
93%
Bankruptcy Act,
•Friday's
1
a
Bonds
bid
selling
or
and
flat
being in bankruptcy, receivership, or reorganised under Section 77 of
securities assumed by such companies.
as
asked
prices;
no
sales
being
transacted during
current week
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4675
167
Volume
(869)
NEW YORK CURB EXCHANGE
AND
WEEKLY
in
the regular weekly
ranee
the Curb Exchange itself, and is intended
14, and ending the current Friday, Feb. 20.
It is compiled from daily reports of
or bond, in which any dealings have occurred during the current year.
shown
are
.
extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning
In the following
Feb.
RECORD
No account is taken of such sales in computing the range for the year.
which they occur.
in the week in
footnote
a
YEARLY
deferred delivery sales are disregarded in the week's range unless they are the only transactions of the week, and when selling outside
Cash and
NOTICE
on
Saturday
to include every security,
whether stock
V
RANGE
•
Week's
Friday
Exchange
Curb
York
Shares
Low
Alloys
Supply
Agnew
capital stock
Investors
2Va
Convertible pr&f'erred
fAireon Mfg Corp common—__
3%
Jan
British
4%
800
Feb
5%
Jan
Jan
3174
Jan
Amer
100
5%
Jan
6 74
Jan
Amer
2%
2'/4
27b
900
174
Jan
2%
Jan
American
'
13 Va
600
13%
convertible preferred
Air-Way
Electric
674
200
65/s
Feb
7%
Jan
3
3
100
3
Feb
3 74
Jan
1
1%
2%
3 Va
Alabama
Power 4.20ft
12%
5,700
\
Feb
2
700
Jan
"174
Jan
Jan
%
Alaska
Airlines
Alles
Fisher
&
Allied
Altorfer
•3%
Jan
Co
•
preferred
Ltd
Brown
American
Bantam
American
Beverage
Car
Co
General
convertible
&
Jan
Burma
Jan
450
16%
Feb
20
preferred
16%
25
3,200
350
2274
2274
100
974
974
200
9
Feb
13
Jan
Cable
610
155
Feb
180
Jan
preferred
Rubber
156% 160
1%
1474
Feb
22
Mfg Co
1
Co
2
Feb'
61 %
Meter
American
Potash
96
2274
Feb
200
2
85
Feb
111
111
6%
36%
•
34,200
Jan
2%
274
35
Feb
Feb
1874
Jan
Feb
35%
109%
Jan
11174
Feb
174
275
2
Feb
2%
33
Jan'
40
16
Jan
43%
Jan
300
200
16%
31%
1574
16
32
3174
32
1474
1474
15
3
Products
Oil
Co
18%
Jan
Class
A
32%
Jan
Class
B
Feb
17%
Jan
Canadian
3174
Jan
32%
Jan
1474
Feb
16
Jan
;,
Feb
3
3,500
3%
500
17%' Feb
23
49
500
45
Jan
51
Jan
31
Feb
36
Jan
32 34
1,000
3074
Feb
3674
Jan
20%
800
19%
Feb
25
■
Jan
12%
Jan
3%
3%
Feb
5%
Jan
274
Jan
274 'Jan
Laundries
of
class A
Tel
&
America
•
Coast
Line
Steel
Carter
Jan
774
Feb
9
Jan
Castle
8%
Jan
Central
6v
Feb
Jan
74
Jan
•
7%
6 74
100
Feb
5%
Feb
17%
3 %
3 %
8
9
%
4 %
1,600;
4%
4%
4%
10%
4
Jan
8%
Feb
1074
10374
Jan
1,600
.
10%
4 74
Feb
574
Amer
Feb
674
3
Feb
6%
( A
•
v-;
...
;
shares
1074
1474
1074
Jan
112
20
Feb
500
10%
3,100
12%
113
Feb
Feb
Jan
Jan
1374
;
Jan
1574
Jan
__
12
8
74
i\
874 Jan
Feb
1
— _
v.
A
Central
&
&
-
South
Jan
1,200
"l74
"l%
36
"l%
Jan
42 74
Jan
874
Jan
5
5
500
5
Feb
6
Jan
50
50
120
49
Feb
53
Jan
Corp—
West
36
•
50
109'% 109%
"474
474
5%
25
5
574
v
108%
Jan
4%
Jan
3,600
110%
Jan
67b
Jan
V
10
300
574
5
Jan
"7
"7 %
7%
Jan
7
1,900
10
Feb
31
35
Feb
874
75%
Jan
8074
16%
Feb
84
Feb
.
1674
1674
84
874
8%
500
•;
2§
14,006
84
874
V 19
85%
-
Jan
Jan
Feb
Jan
Jan
Jan
Jan
874
Feb
14 74
15
175
1374
Feb
55%
59%
310
54
Feb
73
Jan
12%
Feb
16%
Jan
974
Jan
m
preferred__100
7%
pfd
1929
div ser
op:
10
Century Electric Co common
Aircraft
Cessna
Chamberlin
Co
Co
Charis Corp common
Cherry-Burrell common
Chesebrough Mfg common
Chicago Rivet & Mach
Chicago & Southern Air Lines
Voting trust ctfs
Feb
1%
6%
Feb
8%
Jan
3%
Feb
4
Feb
5474
Jan
Chief
3%
Feb
5%
Jan
2474
—10
5
10
4
•
*
§Childs Co preferred
Feb
12
Jan
17
.1
12%
3 74
200
U%
Jan
1374
Jan
3 74
600
3 74
Feb
3%
Jan
7%
.,
7%
100
7%
Feb
87a
Jan
12%
Jan
13
21%
2174
22
175
2174
Feb
25%
64
6274
66
475
60
Jan
1674
1674
225
15%
Feb
Jail
Jan
70
Jan
18
-
Jan
6%
574
6%
300
5»/8
Jan
6%
Feb
574
574
6%
1,000
5 Va
Jan'.
6%
Feb
3274
31%
Jan
53%
12
1
..2.50
common
America
of
15
100
100
100
preferred
Conv pfd opt div ser
Conv
100
Jan
■'*
V'
374
2574
4%
28
5.300
2,400
5 74
574
Jan
30
Consolidated
Cities
Service
1
1
100
Mining
10
common
99
1
60
•
99
Feb
15,900
3174
Feb
38%
1274
Jan
974
Jan
1%
115
Jan
Jan
Jan
-
12%
300
11%
Feb
674
Feb
774
Jan
City & Suburban Homes
9%
9%
1,200
9Ve
Feb
Feb
1574
Jan
Clark Controller Co
1
14
14—
1474
550
14%
Feb
24%
25
2474
Feb
25 %
Jan
2
174
2
500
174
Feb
274
Jan
2,200
15%
Feb
1774
Jan
Clarostat Mfg Co
Claude Neon Inc
1
1574
1
1%
1%
174
7,100
1%
Feb
2
Jan
10
Jan
1074
28%
29%
700
24
Jan
30%
Feb
674
300
6
Feb
7%
Jan
1574
Jan
474
—
6%
Feb
City
Auto
5
Stamping
10
common
48
46%
48
35%
35 7'a
35%
1,400
45
Feb
53%
Jan
100
34
Jan
35%
Jan
Cockshutt
9%
800
974
Feb
,
Jan
14
Plow
•
5
Jan
4%
Feb
7,300
774
Feb
9 74
Jan
374
4%
4,400
3%
Feb
5%
Jan
6 74
7%
3,800
674
Jan
774
1
6%
6%
7%
2,100
6 74
Feb
7 74
Feb
374
374
4
4,30O
3 74
Feb
474
Jan
25
2974
2974
30
375
29 74
Feb
33%
Jan
1
4%
Colonial Sand & Stone Co
5%
Jan
Commodore Hotel Inc
Manufacturing Co
Commonwealth
9
Feb
17
Jan
5%
Jan
6
l
1274
Jan
Beau-Brummel Ties. common_;_-.:.._ir__l
Beck (A S) Shoe Corp____^__c^i
\
Z 5%
Ja'n
6
17
Southern
&
4%
4%
X2674 X26%
25
Community Public Service
4
1,700
74
Feb
2674
300
Jan
5
a3a
tV Jan
6,800
warrants-
Jan
Jan
28
Jan
Jan
Jan
Basic
Refractories
Bauman .(L)
Bellanca
Bell
& Co
of
common:
4
&
Inc
Blue
<Bohack.(H C)
common
1
•
Breeze
Corp common..
Bridgeport Gas Light Co
Bridgeport
Brillo
Mfg
Class
Oil
Co
•
1
u*
Co___j.
•
common
footnotes
•
see
page
33.
Feb
70
Jan
107 %
Jan
111
Jan
103
220
100%
Feb
103
Jan
C
Jan
Consolidated Gas Utilities
-1
Feb
10%
Jan
Consolidated
Jan
1974
Jan
Consolidated
Jan
33
Jan
5
10
:•
3074
2974
3074
900
-10c
11%
1074
1174
1,700
>
8%
136
Aft
preferred
Feb
18
Jan
series
Mining
&
Royalty
Smelt Ltd
Oil
Consolidated Steel Corp common
274
2%
1774
1%
8
7a
34
774
3
25
Continental
Textile Co
Car-Na-Var
Jan
Continental
Fdy & Machine Co.
774
Jan
Cook
&
Paint
Varnish
•
Co__—
4,200
274
Feb
374
Jan
Cooper
200
1774
Jan
1774
Feb
8%
400
Copper Range Co
Cornucopia Gold Mines—,—
34
'
26 %
2674
10
10
1374
14%
9 74
874
9%
"974
974
14
874
Jan
17%
50
12274 123
30
8%
34
Jan
vFeb
12174
Feb
Jan
125
2 7 74
Jan
Feb
11
Jan
$1
1,800
1374
Feb
1574
Jan
Cosden
800
874
Feb
974
Jan
5ft
Feb
Feb
15
Feb
—
108
102
101
6%
'
8%
73%
8'%
76
7274
8%
600
9%
Feb
„
Feb
,
2944
Feb
•
Jan
Jan.
32 %
Feb
10
"
Jaa
374
,
'
V
Jan
80%
Jan
72%
274
1,350
—-'1 '
v' 14
74
Jan
Jan
2%
1.500
274
Feb
274
Jan
12
1174
1274
1,300
11%
Feb
1374
Jan
36%
36%
37%
300
3674
Feb
40
Jan;
274
274
'.'200
274
Jan
9
9 74
1,250
874
Feb
274
1
•
,
_9%
'
%
iT«
V'f
2,500
10%
10%
500
%
10
;
"274
Jan
Jan
11
Feb
%
Jan
Feb
11%
Jan
Jan
Jan
10
8%
common
108
10%
26
400
Co
Jan
100
2274
10
9%
-43
Brewing
100
,
1
1
Corp
Feb
7
23
9%
15
Jan
Jan
Feb
Corroon
&
class
Petroleum
convertible
5
50
preferred
?. 374
1
A
common.—-
50
14
474 ;
48%
Jan
374
Jan-
1474
Jan
1,400
374
14%
300
1374
5 %
1,600
4%
Feb
6
Jan
325
48%
Feb
51
Jan
3%
374
14 V
'
50
Feb
Ltd—
American dep receipts
Creole
1
*
Reynolds
preferred
Courtaulds
Croft
For
6574
280
Jan
*
•
A
400
127%
400
Jan
preferred
,:'7%
800
v
140
8%
274
series B
Feb
6%
6674
10874
6574
.
Jan
4%ft
8
_•
Light &'Powers
6574
174
17%
•
Inc—
674
--1
1956—-
100
12874 130
77a
1st'preferred—:mnp
Borne; " Scrymser Co.._____.,..._,,____25
-Bourjois
to
100
100
Jan
Consolidated
7-ft
^Brazilian Traction
ext
Feb
33
1
v
Vtc
Consol GELF Bait common-*—-A--*
15%
l
common
Compo Shoe Machinery—
19
130
3
& Co Inc..:.
Co
Jan
200
com.*
Ridge Corp common.........
(Philip)
Jan
16
*
common.
Blumenthal%(S) & Co
••
1
.
-Birdsboro Steel Fdry & Mach Co
.Blauner's common
Blum
13%
2
2
8%
Furniture
600
"a.
preferred
Gay
r'-Bickford's
15%
\
common
574
Z
Co
Hedges
Convertible
"5%
1
Canada_i_^_^-i_ici___ioO
Watch
.'Benson .&
Berkey
,
Aircraft
Tel
Benrus
Inc
15
Jan
4
ordinary
Colt's
-V vY>
Jan
674
•
common
Airlines
Jan
11
6
__
16
1
Co
Development
Colonial
971
4
20
& Lambert Mfg..
Clinchfield Coal Corp common
Products Co
Club Alum
4%
Jan
300
99%
33
11%
300
Va W
11%
9%
1
-
70O
«.
11%
2474
4%
Jan
10
Jan
Colorado Fuel & Iron warrants
i
10%
Feb
Feb
pfd
ICentral States Elec 6ft
100
600
it
10%
.
Feb
9 74
Feb
100
1
100
Light 4ft
3%
•V£i-
common
9
100
8%
36
1
Products
Ohio Steel
67^
•
Corp.
Seelig Mfg—>
1%
1%
~8~%
*
preferred
674
l
300
9%
10
200
Corp of America
Maine Power Co—
Power
Colon
:
Jan
10
3%
—-
-
____30
Steel
$1.20 convertible
9%
10
*
1
& Co
M)
Central
Jan
*•*
15%
19
2s 6d
^—-1
dep rets B ord
Co common
Centra]
Jan
4%
300
11
13%
•v
Feb
Jan
Jan
874
pfd
$5
(J W)
3.50ft
Jan
4%
112
1074
v
Jan
18
s
Jan
Jan
500
5
112
'17% Jan
Jan
7,600
5
4%
v ■
98%
230
4%
>
Jan
3%
200
100% 102%-
14 %
7%
Carreras Ltd—
Catalin
7%
—
com
y •
374
Casco Products common
5
Babcock <fc Wilcox Co
Baldwin Rubber Co common
Banco de los Andes—
Feb
100
87B
Co
Jan
—
..
Light
Biscuit
5
25
-.
8
274
6%
*
48
474
V
B
preferred
&
Power
Carr-Consol
Clayton
Baldwin Locomotive—
Jan
1,400
'
common
new
1,700
2%
6%
*
1
Inc
common
Feb
4^8
6ft
preferred—
Ayrshire Collieries Corp
Carolina
Co
Jan
m
Sons
Carnation
u
Voting Machine.
&
7 74
2%
2.50
4 74
27V4
Inc.
7 7s
6%
77m
Feb
774
•
Co..—
43 74
50
%oducts
&
550
l
Co
Carman
700
—
•
500
2%
1
47b
3',4
374
•
Marconi
44 ',2
•
Corp warrants
—
1
5
Baxter & Kennedy
Carey
474
£i
Tel
—
13 Jan
1
1
:
Capital City Products
43%
•
Atlas Plywood Cor
.
Jan
12%
--
100
4%
2.50
dep rets reg
Associated
.
374
£1
preferred—
Jan
io
Associated
-
Feb
*
*
Feb
4%
Atlantic Coast Fisheries
!
Feb
voting
3%
■
Associated Electric Industries—
:,
74
274
non-voting
600
9
l
Feb
4.500
Industries Ltd—
18,400
102%
Refining Co
Jan
17
Alcohol—
12
i
Power & Light $7 pfd
Equipment Corp
1
Jan
18
*
374
«_1
Arkansas
11%
Jan
2,400
preferred
74
100
•
Jan
Feb
14
*
43%
l
•
11
16%
,
•
Jan
-'
£l
common
7ft
Jan
Ltd—
Natuial Gas
&
Jan
20
l
preferred
700
1,000
•.
u
Ltd
Industrial
Canadian
Feb
19%
2
common
Connpon class A non-voting
1
17
20
374
•
;
&
xU%
1674
—
274
common
74
5
Manufacturing Co.
Appalachian Elec Pwr 4%% pfd
Barlow
11
16%
74
Ltd
Co
Convertible
Feb
—
19%
ZZZZs
Apex-Elec
Barium
Jan
43%
274
Power
Corp—
Canners
Canadian
700
3%
pfd
preference..
15%
48
2
dep rets ord reg
American
49%
100
274
Insurance
Bread
6%ft
16
--
10c
common
Argus Inc
.
Jan
Feb
43%
43%
7
50o
common
Canada Cement Co Ltd
30
31 %
preferred
Fire
Canada
•
io
Angostura-Wupperman
7ft
9 74
1,100
~~u
Estate
Electric
700
J
Products
Tungsten
3.300
1774
•
Writing Paper
F)
Feb
Feb
X774
12 74c
25c
dep rets 5ft
Sugar
California
Canadian
3 7b
•
A__ZZ*
$6 series preferred
(B
Jan
2374
Jan
125
36%
3074
2
class
Calamba
Jan
800
Jan
7
43
l
Chem
American Thread 5ft
Avery
Electric
Callite
Jan
z,
25
Seal-Kap common
Superpower Corp com
Anglo-Iranian
Jan
6%
.31
•
Angerman Co Inc
Jan
Jan
90
16%
5,400
111%
17B
16
Co
&
174
900
30%
Co
Republics
Automatic
Jan
2 74
Jan
16%
Jan
25
Jan
50
20
B
Automatic
2074
Jan
100
5,700
Jan
4,400
85%
25
American
Atlas
Jan
2
75
2
Jan
Feb
2
v;
85
25
common
Products
American
Atlantic
20
20
23%
Jan
50
92%
-
*2
1%
VV'i
—
25
Metal
American
Jan
Cables & Wireless—
•» —
l
American Maracaibo Co
Oil
Feb
274
Jan
93%
10c
common
preferred
Arkansas
43%
rets
dep
Corp Amer
Biscuit Corp
Butler (P H) common
Camden
Laundry Mach
Light & Trac common
Aro
18
Light—
American
Post
12%
7
1
Burry
1874
7
2.50
Co
x52 %
1
Hard
American
Feb
Jan
2
*
Ring
50
156%
100
Corp
convertible
Ashland
Piston
92 74
1
American
6ft
Burd
50%
100
—
preferred..
Amer
Bunker Hill & Sullivan
Jan
674
6%
17
Anchor
Buckeye Pipe Line
Jan
93
3 %
3374
Amer
Jan
82
Feb
1674
American
Jan
20
5
•
Ltd
Feb
Jan
3274
American
Jan
13'A
21 %
1
common...
Jan
6%
6%
Class
Co
Mills
79
2%
33%
American
1874
Feb
274
1
common
87
300
1
6ft
Silk
300
American Fork & Hoe common__i____*
American Gas & Electric
10
American
Co
93
*
B
$2.50
Feb
(E L)
6%
6 74
$2
Feb
1174
'
•
common..
American Cities Power
4% ft
-5%
Bruce
American
American
15%
100
•
Rubber
274
18
,
1
/.
,*
common
American Book Co
Class
■
.
100
Aluminum Goods MfgV
Aluminum Industries common
Aluminium
,18 •/:,
•
common.^.*
America common
of
Co
cumulative
$3.75
400
12
12%
•
Distillers
25
93
1
I
Bros
Aluminum
16%
10 s
Class B
0%
5
1
High
12
'
Internat Investing Corp..
Products
(Mich) common
Allied
Low
Ltd—
British Columbia Power class A
2%
1
1
common
Range Since January
High
1674
£1
£1
dep rets ord reg
110
79%'
93
100
Inc
700
79
79
50
pfd
6
5'/2
3
Appliance
Alabama Great Southern
Low
Tobacco—
Celanese
Bruck
60c
Shares
*.
dep rets ord reg
British
Brown Forman
50c
10
for Week
Jan
6%
12%
■rf.
Co
dep rets ord bearer
Amer
12%
Oil
British-American
"574
.—.—2
10
Sales
Range
of Prices
Par
High
Feb
4
600
"574
1
common
Week's
Last
Sale Price
Exchange
Curb
'
31 %
1
ft—1
*
5
Inc..
Mfg
Surpass Shoe Stores
Ainsworth Mfg common
Air Associates Inc (N J)
Air
4
York
New
574
1
Hat Stores
Adam
Aero
Co
Low
'
2%'
10
Wire
A
20
stocks—
Range Since January 1
High
2Va
common
Aluminum
FEBRUARY
for Week
Par
Acme
ENDED
Friday
Range
of Prices
ACF-Brill Motors warrants
Acme
WEEK
Sales
Last
Sale Price
STOCKS—
New
FOB
Petroleum
Brewine
Co
4%
(ord reg)_£l
;
5
—1
39%
1
474
IOO
38 V
3974
12,100
1%
4.700
1
474
43
174
Jan
Jan
Jan
29
i,-fi "<
«,(
30
RANGE
Shares
Cent
Cork
A
International
Co
Drug
--
preferred
Atlantic
15%
Feb
3%
200
900
15
3(4
Jan
-
Feb
~
Jan
2%
Feb
28
100
Jan
$4.50
Goodman Mfg Co.
Feb
19(4
Jan
Feb
Feb
104(4
Jan
Graham-Paige Motors $5 conv
9(4
Jan
Grand Rapids
5
Feb
8
Jan
Gray Mfg Co
Great Atlantic Ac Pacific Tea—
16(4
Jan
Jan
—■
Mfg
common
%
'
Dejay Stores common
Dennlson Mfg class A common
8%
debenture
Derby Oil Co
common
Detroit
Gasket
Detroit
Gray
Iron
Steel
Products
Detroit
Devoe
Ac
Diana
Stores
Corp
6
"2 7a
100
18%
20%
400
;
'
(ji
Domestic
11%
•
Credit
~27/a
Corp class
.
.
Jan
Hammermlll
23/4
Jan
Hartford Electric
Jan
Hartford Rayon common
13(4
Jan
6%
Dominion Tar
Chem
&
Co
Dominion Textile Co Ltd
Ltd
Feb
—
J an
Jan
~97a
Texas
Feb
73%
Jan
3672
Jan
75
Jan
76
Jan
~4*
100
123/4
123/4
13%
Hecla
4
8
14
47a%
6%
Eastern
Malleable
Eastern
$7
States
Jan
Horder's
Corp
$5
beneficial
int
55
Share
Ac
325
$3
3(4
Feb
(Harvey) Inc.
Humble Oil Ac Refining
Jan
5074
;II50
5072
Feb
5472
87/a
Feb
1174
Feb
11(4
15,700
„
70
19
,
19 -.'
100
,
4
200
Feb
274
15 72
Feb
94
95
140
92
23%
1
7
7
7(4
11
11%
200
(4
1%
41%
417.
Hi
Esquire
Inc
Eureka
Corp
Eureka
Pipe Line
Ltd
Feb
11
Feb
8%
Jan
12(4
Jan
2,000
1%
Feb
174
Jan
50
1%
41%
Feb
44(4
Jan
42
7
7%
700
67a
Feb
8(4
Jan
2
~27a
—1
27a
14,200
2A
Feb
374
Jan
Jan
28(4
28
Fairchild Camera Ac Inst Co
l
Falrchild Engine Ac Air Diane
Falstaff Brewing new com
1
33/4
33%
1
1574
15(4
Fire
Association
(Phila)
10
First York Corp common
$2
div
cum
Flshman
5c to
Ford
117a
47 7a
-10c
117a
4
3%
5,600
477a
Jan
157a
Feb
Feb
14
Jan
— —
48(4
Jan
Jan
Feb
2(4
Jan
2
34
1,400
,
478
Jan
46
80
2%
—
Jan
11%
1,500
127a
Jan
12
Jan
15
5,200
15(4
272
—
9%
1,400
4672
272
I
preferred
10%
ll7/a
•
Jan
Jan
37
(M H) Co—
$1 Stores.
Motor Co
17
Feb
16%
Class
A
Feb
47a
47a
500
478
Jan
574
18(4
4,100
16%
Jan
18(4
19(4
non-voting
Class
B
voting
--
19%
50
18%
Jan
197a
Feb
Feb
1
dep rets bearer
Fort Pitt Brewing
$2.25
47a%
conv
,
-5
103/4
__
■
2
II" Jan
Jan
8%
Feb
Jan
19
Jan
stock
Common
common
Gatineau Power Co
28(4
50
27%
500
7%
Feb
9 74
.100
9(4
Feb
12%
Jan
Co
—
—25
Jan
7(4
General
General
Public
General
Shareholdings Corp com
Jan
10%
Feb
4%
3(4
:v
>
Jan
Jan
974
274
Feb
Feb
23%
2,300
—
ie
Jan
Feb
2
500
27a
4 74
Corp.
Service
—
—
$6
preferred
—
7 3/4
29
__
5
—
14
1
••»:
Feb
Jan
~7
Jan
200
19 7a
Feb
23%
Jan
53
300
527z
Feb
5574
Jan
9
1,300
774
Feb
9%
Jan
Feb
4
24
42%
125
Jan
>26%
Jan
44%
Jan
Feb
30
32 (4
Feb
413/a
50'
25 7a
Jan
148
Jan
35%
Jan
3174
Feb
105 Va
Jan
108
3272
Feb
36
Feb
78 72
Jan
7a
Jan
Jan
50
34
34
69
70(4
X65
2,400
Jan
Jan
'
4
374
Feb
9%
Jan
12%
41%
Feb
44
Jan
47a
Jan
5
Jan
400
5 (/a
Feb
7(4
Jan
-
400
10(4
10%
--J'''':
'—f/ '
6(4
6 ('8
150
3472
Feb
427a
Jan
274
200
2 74
Feb
2 (a
Jan
18
18 (4
200
17%
Feb
26 34
26%
1,000
2572
Jan
26%
53%
5374
1,100
523/4
Jan
54 %
Jan
11
Feb
16%
Jan
36
35
2674
•
50
•
Imperial Chemical Industries—
Amer dep rets registered
Imperial Oil (Canada) coupon
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
117a
117a
50
11%
12 74
9,500
Jan
25
*
■
'
'
■
»•
£1
Ac Ireland
I
Jan
'/I
12
Feb
Feb
1372
./
Jan
1374
Feb
972
.' •
-i-."
I '
Feb
2,000
10%
10
10%.
3
11(4
11(4
12%
•
57a
Feb
5
£1
Jan
1074
Jan
13%
Jan
9472
Jan
9772
Jan
,
Jan
93
70
9072
Feb
93%
97
800
93
Jan
1374
14
400
1374
Feb
15
Feb
5272
Feb
58%
Jan
2°%
Jnn
2.5 7a
Jan
10 7a
Feb
13
Jan
1074
Feb
1274
Jan
13 74
Feb
17
Jan
174
Feb
27a
Feb
1174
Jan
7%
Feb
8%
Jan
174
Jan
Jan
"
93
pfd—100
of North America
10
Indianapolis Pwr Ac Light 4%
Insurance Co
95
•
Machine
International Cigar
Hydro-Electric—
30
•
International Petroleum coupon shs—•
Registered shares
*
International Products
10
International Safety Razor B
•
International Utilities common
5
Interstate Power $7 preferred
•
Royalty
Investors
Mfg voting trust
Iron Fireman
Irving Air
A
200
537z
5272
53(4
V-
A
10 74
2,400
'.I
'
100
174
300
1%
17a
:
13 Va
13%
13%
100"
774
774
10
100
10
10
'
•'
.10%
.v
/'
Jan
1,800
1(4
Feb
•
173/4
150
1672
Jan
18 7a
5 7a
5%
300
4(4
Jan
5%
Jan
(4
(a
100
(4
Jan
1
Jan
174
17a
1
ctfs—•
17
1
*
Chute
Italian Superpower
Jeannette
Jim
Glass
Brown
Co
7a
Stores
common
1
73/4
6
5
4%
5
*
Jan
Ac Electric 7%
pfd
1
100
5
*
5
Jan
Feb
474
Jan
25
14
274
94
—
Kirby
Klrkland
Klein
774
Jan
8
Feb
Kleinert
-
47a
4%
Co
—
—
100
2%
Feb
357a
Jan
Jan
10072
Jan
Kobacker Stores—,
Jan
Krueger Brewing Co
5
574
Feb
14
95
187a
Feb
Feb
27a
Feb
50
93
Jan
125
114
Jan
-
•
4%
16
52
2,400
100
16
52(4
11072
'
—
10
7a
—
•/.
—
Feb
4%
Feb
5
37a
For footnotes see page
33.
Feb
U 7a
72,700
9(4
Feb
20
124 74
25%
Jan
15 74
Jan
1
125
Feb
Feb
14
Jan
157a
Feb
153/4
Jan
Feb
9 7«
Jan
9
Jan
,-1072
Feb
101''
Jan
8
125
87»
87a
874
74
103
Jan
53
Jan
3772
Jan
40
.Jan
13
Feb
14 7»
Jan
4(4
Jan
i 45% Feb
"
13(4
V3%
AVi
'
.'.15%"
r1(4
100
1372
1674
'
37a
16 V
'•*
374 Feb
/
14%
3,600
22% "22(4
v
1A
J an
Feb
■1334
Jan
14 •»
Jan
14 72
Jan
21%
'
lis-
•-17(4 Feb
12(4
lOO
'•-
Jan
1 iV Jan
2,700
174
12 74
<
v
300
3(4
12(4
■-*
10
—1
1
Feb
12 74
124(4 125
Feb
2372
Jan
Feb
•-8%
Jan
"Feb
17(4
Jan
{
7
'
7
100'
15
r
15
15-.; f ■•v" '300
' f
15
'
Jan
117
11072
Jan
Feb
Lake Shore
Mines Ltd—
Lakey Foundry Ac Machine
Corp of Delaware..
1074-
10%
-1
5
.,•674
6%'
Jan
Lamson
Jan
1872
Jan
Lane Wells Go
Feb
52 7a
Feb
11
Feb
12
Jan
V-7%
Langerdorf United Bakeries class A..*
Class B
•
common
Lanston
24
1.700
2172
Feb
25 3/4
Jan
197a
20 34
1,400
1874
Jan
21%
Jan
Lefcourt Realty common
15 74
15%
1,200
147a
Feb
217/a
Jan
Leonard
14
14
200
13 7a
Feb
1474
Jan
Le Tourneau
Oil
Development
(R G)
Inc
.
J ah
774
1174
Jan
Feb
8
20%
200
16
Jan
6%
7%
2,000'
Feb
97a
100
Jan
2,800
,774
Xl47a
•277a
1
16
5
1574
11%
15%
8
52 7a
23%
——
Feb
2374
Jan
967a
Monotype Machine
La Salle Ext University
•
4%
50
Jan
153/a
1
Globe-Union
200
Jan
997a
...
207a
•
Jan
"474
24%
974
107a
125
—1
24
.2.50
Glenmore Distilleries class B.
Co common—
(I B) Rubber Co
Knott Corp common
Gladding McBean Ac Co
Coal
Lake G M Co Ltd
(D Emil)
27
A
-1
Petroleum.
Feb
Jan
Laclede-Christy Clay Products
-
Inc
Kimberly-Clark Corp— % : v
4(4%
preferred
100
Kings County Lighting 7% pfd B__.100
5% preferred D,
100
King Seeley Corp..
1
Kingston Products1
874
'I
r
944
■'
—
Corp
(Walter) Ac Co
8
500
15
11472 11574
(AC) common
Harvester
Kldde
Feb
500
Jan
5
"474
233/4
233/4
*
98
5%
Jan
574
K
Kaiser-Frazer Corp
Feb
—
Jan
6
Feb
4
*
Julian Ac Kokenge Co
9(4
Feb
72
6
200
•••:■
Feb
43,4
4,700
8
1
1
common
Sulphur Co
Preference
672
600
x29(4
•
1
Preferred
Alden
9772
20%
2%
Illinois Zinc Co common
50
-
'•
•
preferred
'I "
Jmm».
Giant Yellowknlfe Gold Mines.
Gleaner
Feb
144
1
1
convertible preferred
5%
800
674
774
.10
100
1
(4
6
6%
Georgia Power $6 preferred
$5 preferred
Glen
Jin
9674
97
3174
warrants
Illinois Power Co common
8 3%
Plywood Corp
Gilchrist
2
—
,
—1
Fireprooflng common
6% pfd
convertible
•'
•*
77a
200
7%
—,
Phoenix
Gilbert
Jan
10 7a
42 7a
Feb
30
Ltd—
rets ord. reg
General
$6
—
_Il
Outdoor Adv
General
9.
2,000
86
734
——
•
Supply Corp
preferred
Electric
9%
__
1
General Finance Corp common
5% preferred series A
General
11%
Feb
Jan
200
11
f
«c-
General Builders
Amer dep
7a
common.
preferred.
General
9
—
Gellman Mfg Co common.
General Alloys Co
conv
Jan
974
.
Key Co common—.
5%
10 34
40
874
32%
Kennedy's Inc
5%
50
100
974
197 k
8%
Kawneer Co
Corp
11
52%
53
'
1st
Kansas Gas
Garrett
Jan
Jan
7%
8 7a
8
8
.1
V
Feb
200
774
28 74
-50
Co
Feb
14
500
7(4
774
preferred.
A)
15
14
15
—1.25
Stores..
(Geo
1
—
— —
(Peter) Brewing
Fuller
Jan
11%
674
Co common—*
preferred
Jefferson Lake
7(4
5,500
1%
'
Co
Franklin Simon Ac Co Inc.
Franklin
11
Feb
874
Jan
177a
JE1
Ford Motor of France—
Fox
Feb
10
500
:
Ltd—
Amer dep rets ord reg
Ford Motor of Canada—
Amer
Feb
10
225
9
"V
Preferred $3.50 series
Metallurgical
10
1,700
10 74
""
107a
International Metal Industries
Fansteel
Jan
10(4
_
Refrigerator
Hussman
International
117a
Jan
Jan
A
-10
common
Jan
Feb
6%
300
11
Jan
98
/
Jan
45 72
Jan
5
,Jan
177/a
Feb
43
2%
Jan
%
22
Feb
400
1
167a
Jan
146
37/Feb;
>400
%
4
Feh
126
275
JOo
Feb
Jan
2%
.
1472
Jan
974
200
97a
10
129
16(4
preferred
Jan
6(4
100
Jan
44(4
common
Feb
8
1,300
Ac Mfg Co.
Hurd Lock
preferred
Hydro-Electric Securities.
Hygrade Food Products.
16
Corp
77a
734
96%
97
*
Huyler's common
43
convertible
274
Jan
14(4
9%
69%
Jan
1
94
Jan
Feb
Feb
9
100
3
preferred
Jan
12
19
100
Jan
1(4
10
*
6172
-50
Equipments
Jan
3(4
10
•
•
common
65(4
..10
Ac
5674
Feb
6%
2572
Ac Co common
Co
A)
Feb
Jan
374
1
Feb
2(4
6(4
1
Ac Hardart
Feb
11(4
126
4
Jan
-
Inc.
(Geo
5374
Inc
Derrick
Jan
400
9(4
9(4
129
k
Empire District Electric 5% pfd
Empire Millwork Corp
Jan
117a
97a
9%
_5
2d pfd A.
preferred
Vquity
58
common
Elliott Co
Smsco
Feb
5074
Corp
Electromaster
5 %
797a
117a
Option warrants
Electrographic
Jan
Jan
Feb
27a
Jan
387a
-1
Ac Hardart Baking
5772
•
common-
Electric Power & Light
Jan
85
6672
600
__1
Easy Washing Machine B
Bond
325
6934
~2%
pfd shares of beneficial int.
Electric
Feb
53%
•
•
preferred series B
Eastern Sugar Associates—
of
787/a
~274
2%
•
.
preferred series A
shares
50
474
Feb
25
Iron;
$6
Com
3 7a
Jan
5 Va
Feb
500
Holophane Co common..
57
677a
100
preferred
1,400
79%
79
100
preferred
prior
3%
;:f'/9%
Feb
/
372
Jan
5%
3(4
Feb
51
100
— —
Holly Stores Inc
14%
Feb
7%
574
250
.
2
'
—
67a
10
5
Hubbell
3%
Jan
Jan
"
Jan
Feb
12%
•
78'
t,
100
Horn
•
Jan
Jan
104
30%
700
/" 8(4-
i-O
1(4
—
100
Horn
common
Jan
100
80
2
preferred w w
4%
preferred w w
Henry Holt Ac Co common.
Heyden Chemical common
Hoe
(R) Ac Co class A
Hollinger Consolidated G M
Hormel
East Gas Ac Fuel Assn
97a
400
10
4%
Jan
100
,
,"
Jan
8
Sulphur
Jan
67
36
'
Corp common
Jan
•'' )'•
-1
Test
:,
"9(4 Fe"b
•
Feb
2(4
25c
Heller Co common
150
87.
11
3%
-
76
75
Feb
4472
52'%
3
Dept Stores common.
147a
.£1
Duro
Hearn
Jan
'
Dunlop Rubber Co Ltd—
Amer dep rets ord reg
Durham Hosiery class B common.
Feb
Jan
Feb
125
6872
68
76
•
Jan
138
Feb
14%
5(4%
10
Co
Co
1474
12%
Feb
Feb
——
*
Corp
Harris
Power
103
Jan
2(4
Corp.
2(4
II
Jan
Jan
Feb
5172
27a
1
Hat Corp of America B non-vot com—1
Hathaway Bakeries Inc
1
117a
*
774
9
91
30%
Class A
•
common
87a
u
Harvard Brewing Co
Jan
900
12
Jan
Feb
Feb
x397a
GO
41
30%
10
25
1
Light
900
2(4
2%
iT%
25
1872
200
*
Paper
233/4
.
Bridge Co Ltd
& Coal B
Ltd
Mining Co.
Helena Rubinstein
200
10%
Feb
H
Co
Bridge Co
Jan
1474
10%
Jan
135
874
5
Lamp
Hamilton
Feb
103/4
-£1
"
*
18%
57a
Jan
65
77a
400
102% 102%
Gypsum Lime Ac Alabastine
Hazeltlne
*
Duval
Jan
Jan
1,700
Jan
Feb
30
135% 138
8%
Paper
93/4
Feb
55
175
94%
91
.91
138
25
Northern
Jan
56
6%
Jan
•
"5%
~5%
50o
700
7%
772
x39 %
117a
Jan
2%
V'-'"'
77a
Jan
3%
Feb
1572
.
100
stock
1272
18%
common
Dominion Steel
Duke
Feb
18
700
19%
150
1
3
Jan
22 3/4
v
Co Ltd
Dominion
Driver
7(4
Jan
1072
Feb
9(4
"2 7a
_1
•
dep rets ord reg
Dobeckmun Co
Draper
200
200
-1
B
common
6(4
9%
18(4
91
Jan
Feb
6
.18%
Feb
7a
.
Jan
9%
6.
10
Raynolds class
Distillers
Amer
Ac, Manufacturing.
Foundry
Feb
772
35 74
5,900
■:> 55%
55
55
Hall
35
35
50c
5
__100
8
Dayton Rubber Co class A
3772
Feb
Jan
67a
:
—
1
Jan
34
75
36%
35
2.B0
Brothers Inc
Davidson
Jan
Jan
,55
Grocery Stores Products common__25c
Gulf States Utilities $4.40 pfd
100
Davenport Hosiery Mills
' %
7a
■
pfd—25
Varnish
Non-voting common
7% 1st preferred
Great
28 74
672
8%
14%
'
■
10
16%
100
Feb
class
Inc
102 (4
5'/a
Jan
5074
2274
100
•
.
.50
50
5
37a
85
preferred.
„1
Gorham
High
Jan
Feb
272
f
'
10
8%
Low
500
274.
22(4' 22(4
prior
Range Since January 1
High
274
Goldfield Consolidated Mines.
Jan
33
Low
A—
3,600
8%
Shares
Class B.
17%
17
8%
—2.00
Lighting Inc common
Curtis Mfg Co
(Mo)
Jan
Godchaux Sugars class
Jan
Jan
1,200
28
for Week
42
102 Va 102(4
102(4
—-
Curtis
7
7(4
5»/2
Range
of Prices
1
Inc common.
(Adolf)
Gobel
Gorham
17
Sugar
preferred
Cuban Tobacco common
Feb
3'/a
28
—
Jan
Feb
2(4
Crystal Oil Refining common.
7%
5%
151/4
Exchange
Curb
Sales
Week's
Last
Sale Price
Par
5(4
5'/a
York
New
600
6
3%
~VA
25o
common
20
High
Feb
6lA
1,100
15 7a
5(4
®
(Md)
Petrol
Crown
Crown
EXCHANGE
FEBRUARY
Range Since January l
Low
7%
5%
—J
ENDED
Monday, February 23, 1948 ;
v
STOCKS—
High
Low
7
Crosley Motors Inc
Crowley Mllner Ac Co
WEEK
FOR
for Week
of Prices
Sale Price
Par,
5%
i jf#.
Friday
Range
Last
Exchange
Curb
York
New
Cuban
t
Sales
Week's
Friday
STOCKS—
CURB
YORK
NEW
$6
t
THE COMMERCIAL & FINANCIAL CHRONICLE
(870)
Crown
>*,
rv.
:
'
Feb
8 7a
Jan
7t
Jan
2274
1,100
22
22%'
125
23
Jan
Jan
28
Jan
22
Feb
24
Jan
19
21(4
1
Feb
21
Jan
'
5
5
1
25
974
17a
,1
17a
1
167a
16
16(4
672
Jan
6
974
9%
Feb
9%
Jan
2,600
1
Feb
172
Jan
1,400
16
Feb
19%
Jan
200
'
10
Jan
Volume 167
THE
Number 4675
COMMERCIAL & FINANCIAL CHRONICLE
NEW
YORK
RANGE
Week's
Friday
STOCKS—
New
York
•
V:.
Last
; A;
Exchange
Curb
Range
Par
Line
Material Co
16%
Corp
Llpton
Lit
(Thos J>
Brothers
Loblaw
Inc 6%
Low
16%
18%
18%
16%
Feb
18%
class
■
%
.
18'A
Feb
21%
8%
I
—
—.
Jan
30
8
Steel
Lone
Star
'
5
Corp common
Longines-Wittnauer Watch Co
20%
18%
20%
:
21%
7%
150
xl8%
18
8,500
7%
7%
8%
Feb
Feb
23%
'
•
Feb
22
10
1
Chain
Gas
Jan
23%
-
■
Locke
Feb
22
Feb
20%
Feb
26%
Jan
18
Feb
20%
Jan
Feb
8%
Jan
Jan
1
Jan
100
7%
Long Island Lighting Co—
Common
ctfs
of
1%
preferred
6%
preferred
B
2.&00
dep
A ctfs
Louisiana
Land
Louisiana
Power
55
of dep
ctfs of dep
__
& Exploration
<Sz
50
55
Feb
60
150
47
Feb
55%
Maine
Public Service
Mangel Stores
Co.
16 %
Feb
18%
15
20
111
Jan
112
Ogden Corp common
Ohio
Brass
Manischewitz
Marconi
(The B)
Co
International
Communication
Marion
Power
McAleer
Oklahoma
5%
Mfg Co
300
15
Feb
18
Jan
Omar Inc
Pacific Can Co common
Pacific Gas & Elec
McCord
Corp
$2.50
common—
Mead Johnson
6%%
A
preferred
Messabi Iron Co_'
Textile
Metal
——
Corp
Midland
$2
Co
Midwest
4%%
conv
24%
24%
25%
10%
10%22
P
L
Feb
Penn-Dixle
23%
Feb
-•:>• 9%
'
5%
3%'
;6
•
:'
1,200 ;
3% A'4 Z-C
3%
3%
Loan
Penn
Jan
6%
Feb
1%
' •'"l 6%
Jan
A 110%
Jan
Fel?
Jan
Feb
'•■"A 4%
Jan
Feb
4%
Feb
44%
3,200
5%
Feb A
7% Jan
A 9 ..." Feb
a
,7%
7%
800
.8%
Feb-4
7'A
Feb
8
Febr
-,A 9
Jan
Feb
■»"
23%
Jan
7%
Jan
8'A-
8
Jan
i%
1,900
•■l-'.J.-
19
6
6%
6'A
2,700
c
5%
i.
2%
Jan
9%
Jan
Feb
.14%
13%
8%
7%
;
14%
15,600
8%
27,300
,
12
12
13%
Feb
7%
Feb
,V-
75
10%
Jan
15%
:
Jan
9
..
Feb
13%
Jan
24
24
19%
50®'
24
20%
18
24
Feb
26%
Jan
19%
Feb
22%
Jan
18
18%
4%
Jan
500
A/'-S
'I'
r
2 %
2%
2%;
7%
7 %
7lA
31
—50
—I-*
31
6 '/a
18
Feb
13%
; "
Feb
2%
19
Jan
14
Jan
Jan
400
'A
6%
125
30%
1,900
.
%v.
Feb
7
1,100
31%
5%
5%
.
Jan
7%
Jan
33%
Jan
Feb
2%
Jan
.
26 y2
2%
7
700
3
,
1,600
Feb
104
Jan
27
f
Circle
i
6%
.
Feb
7%
Jan
Feb
3%
Jan
2%
Jan
11%
170%
100
11
11%
170% 170 %
11%
•
300
11
Feb
70
170
'A"
Jan
2%
Feb
>;
.
Jan
Jan
43
Jan
45
Jan
23%
Jan
24
24
24
24%
100
6
6
6%
5,500
4%
4%
320
2%
300
2%
-100
103
Jan
6%
Jan
2%
Jan
2%
Jan
Feb
100
4%
Feb
5%
Jan
40%
Feb
54 Va
4%
Jan
5%
Jan
Jan
40 Va
50%
4%
,
4,050
J.4%
400
50
6%
Feb
102%
4%
V
Jan
105
•700
51.
10
48
Feb
57 Va
Jan
200
50
10
—50c
Jan
4%
50
103
4%
41%
Feb
6
10
Jan
11
Jan
Feb
6
Jan
4%
4%
1,600
4%
9%
9%
9%
500
8%
Jan
10 Va
7%
7%
7%
600
7%
Feb
9%
Jan
23%
24%
300
22%
Feb
28 Va
Jan
~2%
Jan
Jan
shares.
~2%
2%
1,700
2%
Jan
2%
2%
2%
1,000
2
Feb
2%
Jan
11%
11%
11%
1,100
xll
13%
Jan
41
41
25
41
Feb
Feb
41
Feb
61%
61%
830
58%
Feb
61%
Jan
9%
9%
400
8%
Jan
10%
Jan
4%
4%
500
4%
Feb
14'A
Jan
14%
Feb
3%
Jan
4%
Jan
12
Feb
13%
Jan
11%
Jan
11%
Jan
87
Jan
89
Jan
37
Feb
40 '
Jan
59
1
'
10
-25c
common
-3%
~3%
~3%
1,000
.2.50
12
12
12 %
1,100
common
1st preferred
.100
*
Pratt & Lambert Co
Prentice-Hall Inc
21%
250
45
_1
of Canada
Feb
99
•
Mining Co
Power Corp
30%
24%
Feb
.2.50
common
Alexander
Feb
17% Feb
400
80
—20
Corp
Pleasant Valley Wine Co
Pneumatic Scale common
&
Jan
10
IIIi
Johnson Ltd Amer
Powdrell
'
600
*
Pioneer Gold Mines Ltd
Polaris
Feb
13
•
4
Piper Aircraft Corp common
1
2
Pltney-Bowes Inc
Pittsburgh Bess & Lake Erie RR_. .—50
50
Pittsburgh & Lake Erie
5
Pittsburgh Metallurgical common-.
common
A:
37
38
250
Jan
5
Jan
6%
6%
7%
200
6%
Feb
America
1
10%
10%
10%
1,100
9%
Feb
11%
Jan
Corp of Nevada
Prosperity Co class B
1
1%
1%
1 Va
4,100
1%
Jan
2%
Jan
9%
9%
100
9%
Feb
9%
Jan
Jan
Pressed
Metals
of
Producers
Providence
4%%
$5
•
•
Gas
—.
cumulative
preferred-.
100
Jan
10
Jan
9%
98
150
94%
94%
94%
96%
250
90
Jan
97%
Jan
40
37%
40
500
36%
Feb
43
Jan
12%
12%
12%
50
12
Feb
14
Jan
8%
8%
600
8
Jan
00
Feb
■
•
*
Puget Sound Pulp & Timber
Pyle-National Co common
a
10
Manufacturing
Feb
96%
& Light—
prior preferred
Pyrene
8%
A
of Colorado—
Puget Sound Power
Jan
2% .2%
5
Pinchin
<
Jan
12%
Feb
12
18%
45
Philadelphia Co common
Phillips Packing Co-
tJan
2%
'
__
Jan
.
26%
Feb
10
85
.2.50
Pharls Tire & Rubber
Jan
6%
.
25%
400
26%
6%
i
A
pfd
Pep Boys (The)Pepperell Mfg Co_
Perfect
26
45
Penn Water & Power Co
Public Service
'
99
•
Utilities
Light 4%%
Co
Traffic
6%
Feb
23%
Jan
3%
650
;A' ' 'AI*'-'-.:
.A
Jan
17%
Jan
Jan
'
Society A
Dakota
24 %
Penn Gas & Eiec class A common.
Penn Power &
Feb
3,700
"l%
1%
30,900
4%
Feb
25%
Jan
15
85
1
40
Feb:';
43
~I%
mil
Montgomery Ward
24%
warrants
A':'12
3%
'A:'A//
-
■
common
Cement
Feb
3%
400
6
200
12%
■
Pierce Governor common
6
23%
11
—25
$1 cumulative preferred
Feb
Feb
108
—
■
common
23%
11
_•
Feb
Feb.,;;:
96
Feb
•
28%
Jan
——
Jan
Jan
14
1
Pennroad Corp common
Jan
25
_50c
Cnrp
Monogram Pictures
Montana
6%
2
5
91
25
1
Parkersburg Rig & Reel
Patchogue Plymouth Mills
Feb
1,600
3%
"V
94
—
5
Feb
'
108.
pfd__— I-100
5%
JaA
Co
Feb
4,700
1%
—I
preferred
Pen
1%
21%
6%
108
—10
&
104%
Corp
6%
1,500
1%
1%
''***£ -I.
—_*
common—
Motors
5%
100
5% Z
6%
•
_
Mining Corp of Canada—
Monroe
21%
19%
Missouri Public Service
Feb
103 %
94
Jan
1st preferred
$1.30
38%
& Supply common.
Co
101%
102
*
Peninsular Telephone common
2,200
•
pfd_
90
103 %
•
100
Jan
•
—.5
Co
Molybdenum
Jan
15
100
lioc
convertible
Minnesota
10%
Feb
1,800
£—5
!
—
Refineries
Wohl
Feb
'
dividend shares
Midwest Piping
Miller
8%
13%
4%
common
Oil
Feb
fl%
1
Mid-West Abrasive
Mid-West
£ 2%
200
13%
Feb
Products—
non-cum
Midvale
13%
t c—1
v
v'
Corp $1
Steel
Jan
2%
"1%
1
Middle West Corp—
Distribution on
Midland Oil
16%
400
8% : 9
;
•4%'.
•
Micromatic Hone Corp
Ex-distribution
100
2%
1%
.2.50
frn
preferred
Light 5% pfd
Pacific Pubhc Service
Parker
'.2%
II10
v
Jan
Paramount
1
Preferred
R
6%
Page-Hersey Tubes common
•
Pantepec Oil of Venezuela Amer shrs—
—_1
——
Michigan Steel Tube
Michigan Sugar Co
Class
Jan
Feb
—15
Middle States Petroleum class A
Jan
31 %
Feb
_25c
Participating preferred
Michigan Bumper Corp
7%
35%
Feb
/
Jan
Jan
13%
-100
,
Jan
10
Jan
37%
•
17%
Feb
Feb
23
_I_5
Jan
8
6%
Feb
*
common
Jan
15
100
33%
Feb
Mfg Co_
i
—1
Merritt Chapman & Scott warrants.'
17%
900
8
30%
37%
Menasco
Jan
16
8
400
21%
*
Memphis Natural Gas
16%
15
Jan
9
200
10
.
Jan
1,500
100
•
Jan
7
7%
37%
21-%
30 Va
2,200
31
21%
,
200
8
34%
21 %
& Co__
34%
31%
8
6%
37%.
■
Feb
30%
33%
Feb
Dredging
Jan
Feb
31
12
1
preferred™
McWllllams
Jan
109%
B
Pacific Lighting $5
10
;
36%
Feb
1%
25
1st pfd
400
common——
Jan
106
25
6%
1st preferred
13 %
,_1
preferred—
Co
Jan
33
40
1
12%
9
1%
125
15%
;
13
13%
1,200
1
Securities
Feb
*
i%
35
•
15
10
High
f
107
1
O'okiep Copper Co Ltd Amer shares
Overseas
Pacific Power &
Feb
Marine
common
convertible
1%
15
Old Poindexter Distillery
Oliver United Filters B
*
!
Low
35
107
100
600
£l
Range Since January l
107
•
common
16%
common
McClanahan Oil
B
preferred
Natural Gas
•
-
Shovel
Massey Harris
BOo
class
15%
—
Ltd
Co
Co
Ohio Power 4%%
16%
1
'
High
Jan
15%
6
10
common
Mapes Consolidated Mfg Co_
Low
Jan
2,600
I'll '/a
15%
15%
5
v_:
,
Shares
Jan
M
i.
for Week
Par
5%%
Mackintosh-Hemphill Co
Sales
Range
of Prices
Jan
49 %
111
*
2
"
55
47
15 %
15%
1
Light $6 pfd
Lynch Corp
*
•
.
Week's
Last
Sale Price
Exchange
Jan
500
*
Curb
Jan
27
8
"
*
A——*
York
Jan
200
;
New
High
200
"C
'»
*
common
Groceterias
2(1
STOCKS—
Range Since January l
High
16 %
—10
preferred—25
,
FEBRUARY
Friday
Shares
"
Lionel
EXCHANGE
ENDED
for Week
Low
5
CURB
WEEK
Sales
of Prices
Sale Price
'
FOR
(871)
—
,•
98
A
\
AA'
Jan
173
'
Moody Investors
Morris
partic pfd
Corp of America
City Copper common
•'*
Mountain
States
Mountain
States
Tel
"
30
V
common
900
13%
29
__ioo
Tel
&
2,000
A
13
Jan
36%
v
1,000
30
300
3% Feb
i7#
Jan
12%
26%
Jan.
98
,
4%
Feb
,
14
A
Feb
;•
Feb
30
98
98%
21
27
120
100%
•
mm
11%
■■
■
100
.
25%
.11%
Feb
13%
Quebec
Power
86%
11%
Jan
12%
Jan
Jan
86
—
100
170
87
144
144%
85
180
144
Feb
13
preferred
Feb
Co
Jan
300
12%
6 %
Feb
90'A
151
Jan
Jan
13%
Jan
Feb
2%
Jan
Feb
17%
Jan
900
.
12%
12»/8
12
—10
Quaker Oats common—
Jan
'
"-2.50
common
■
Q
Jan
Jan
.A'
"
Murray Ohio Mfg Co
Muskegon Piston Ring
Muskogee Co rnmmnn
Jan
'
3%
l/2
'
13%
—,10
Power
A/;,3%Z
3%
>
5c
Producers
Mountain
35%
--
Ilioc
Plan
Mountain
Feb
27
R
Hadio-Kelth-Orpheum option warrants& Light SecuritiesVoting common
10
Railway & Utility Investment A
1
Rath Packing Co common
10
Raymond Concrete Pile common
•
$3 convertible preferred
•
Raytheon Manufacturing common
5
1%
1%
1%
14,900
15%
200
1%
Railway
N
Nachman- Corp
:
Namm's Inc common
National
Bellas
Hess
National Breweries
7%
u
;_i_10
<
1
common
"
>
——_1
5%. '5%
.•2%'.
3
33
A 14
.33
/
300
3
.
4,100-
National Pressure Cooker comnion
2
National Radiator Co
'
12%
15
4
Machinery—
Car
National Transit
15% Jan
5 %
Feb
6.;
Jan
-3%
Jan
Feb
35%
Feb
34 A Feb
4,800
33%
•
8%
•
?
15;
-
32
12%
•11%
Feb
>12% Jan
.12'/a
Feb
15V-;
2%
280
33
vlOO
33%
;:$■ s%
10%
15%
.
Feb
■
14
Jan
Jan
Reed Roller Bit Co—
Reliance
Electric &
New
Haven
Engineering
4%%
Mexico
New
Park
New
Process Co
&
N
Y Auction Co
N
Y
&
Land
Rice Stix Dry Goods
*
10
Jan
Richmond Radiator
1
~3%
3%
3%
Feb
1
1%
1%
15%
Feb
4%
1,000
2%
Jan
3%
Jan
Rochester Gas & Elec 4%
8%
Jan
11%
Jan
Rolls
13%
Feb
14%
Jan
,
2 %
2%
2%
pfd F
N
Y
34
Jan
Jan
Feb
8%
19%
Feb
21%
Jan
5%
Jan
3 Va
Jan
900
4'A Feb
600
v
2%
Feb
:
Jan
5
75
18%
Feb
24%
Jan
25
500
1,900
:
Jan
27 V*
Jan
Feb
4%
Jan
•
3%
4%
•
47
42
47
dep rets for ord reg
Rome Cable Corp common
~9%
5
Feb
5
Jan
86%
88
120
Jan
92
Jan
Roosevelt Field Inc
5
4%
4%
5
200
4%
Feb
6
Jan
Root
150
10%
Feb
12 %
Jan
2,000
59%
Jan
64%
Jan
Rotary Electric Steel Co
Rowe (The) Corp common
Feb
8%
Jan
Royalite Oil Co Ltd
Jan
Russeks Fifth
60%
10%
10%
60
61
6%
6%
j
1%
1%
6%
1%
;
1,800
6
500
1%
Feb
1%
Petroleum
Co
Ave
18
10
1
*9%
100
200 A
8%
7%
4%
18%
600
8%
500
42
Feb
48
Jan
"~9 %
Feb
10%
Jan
;
77
Jan
Jan
Ryan Aeronautical
Consolidated
Co
10%
Ryan
Feb
29
Jan
Ryerson & Haynes
common
14%
Feb
15
4%
Feb
5%
Jan
Jan
25%
Jan
17
Jan
20
Jan
Feb
4 %
200
8%
9%
3,300
5%
5%
600
Jan
8%
Jan
14%
Jan
10
~4%
7%
14%
1.25
common
Feb
Jan
27
10
Jan
.
24%
4%.
•
10
lo
92%
Jan
'
1
——
Jan
Jan
1%
200
£l
86%
84
2%
8"?
3,100
100
Royce Ltd—
Amer
75
N Y Merchandise
Feb
Feb
■
•
Honduras Rosario
31
~5%
l7/a
Grande Valley Gas Co—
(Texas Corp) v t c
11%
Feb
4
common—
common
Jan
1%
Rio
10%
;
Feb
3%
1
:
31
400
20 %
20%
25% .26
15%
Feb
25
Arizona
Mining Co
Feb
Feb
12,700
2%
38% Jail
3%
20
Jersey Zinc
New
4%
2%
1
convertible preferred-
New
4%
2%
Feb
15%
4
»
Co_—
Jan
%
29%
200
20
4%
100
.•
Clock & Watch
15
200
~6%
Jail
5
England Tel & Tel
5%
19%
Feb
8%
Roeser & Pendleton Inc
New
31
""
275 "
-
1
5
(Herman) Corp
Neptune Meter common
Nestle Le Mur Co class A
31
lVs
—1
Regal Shoe Co———
Rels (Robert) k Co
300
30c
Nelson
30
•
2,900
1
National Union Radio
%
29%
13%
J
1,100
1,000-
11
15%
Ltd
common
%
29%
32
A 300
9 t
15
Jan
.
11%'; 11%
11%
National Mallinson Fabric*—Ai.-,___1
National Mfg & Stores common
——1
Rubber
Feb
A." 500
333 s
25
National Fuel Gas
National Steel
■-400
33%
•
•
common.
preferred
National
14" i.U 14%
v
■
15
Jan
10
Jan
5
Jan
3%
Jan
Feb
1
_
Petroleum
•
8%
1
8%
Feb
11%
Jan
5
Feb
6 %
Jan
Jan
Shipbuilding Corp—
Founders shares
Niagara Hudson
1
Power
common
1
5%
1st
preferred
100
5%
2d
preferred
14%
7%
100
95
7%
94
104
Class B optional warrants
Niagara Share Corp class B
Niles-Bement-Pond
7%
106%
%
Jan
220
104
Feb
117
Jan
1,100
H Feb
com
5
8%
*
9%
8%
10
900
8%
1,100
1
iS
U
l
15%
15%
Rayon class A
7%
193%
12
6%
200
7'/a
11,000
191% 193%
3,187
Oil
Airlines
Penn
Co
Northrop
Aircraft
Inc
Novadel-Atrene Corn
For footnotes see
page
33.
2%
2%
100
2%
Jan
3%
Jan
4%
Jan
7%
Jan
193%
3%
3%
200
3
Feb
Jan
Jan
190
Feb
(D A) Inc common
Co
25
2%
2%
'2%
•
4,700
2%
Jan
28
10%
Feb
3%
Jan
33
Feb
Jan
12%
Jan
28
29%
1,900
11%
28
*
common
Securities Corp General
8eeman Bros Inc
11%
400
Jan
2%
Feb
18%
Jan
2%
3,600
2
Feb
1
*
Feb
2%
Jan
150
21
Feb
24%
19%
Jan
Selected
3%
Jan
Convertible
Jan
%
Jan
$5.50
Jan
Allotment
400
2%
Jan
3
15%
Feb
~2%
3
2,200
2%
Feb
1/64 Feb
90
Jan
92
Industries
97
35%
1,400
34%
Feb
42%
Jan
Sentinel
7%
7%
2,700
7%
Feb
8%
Jan
Bentry
Safety
Jan
22 %
Jan
8errlck
Corp
21
Feb
■.
103
Jan
Bemler
16%
2%
22
2
21
22
1
2%
2%
3,400
2
Feb
14%
14 Va
14%
350
14
Feb
18
Jan
25
74%
74%
75
150
74%
Feb
82
Jan
78
common
stock
Inc—
(R B)
Radio
Corp
—
common
Control
class
Jan
5
Inc
Feb
80%
Jan
2
certificates
34%
'
1
stock
prior
97
97
2%
*
Begal Lock & Hardware
Belby Shoe Co
3
700
(Del)
Feb
6%
2%
22
Jan
1
2%
21%
2%
Steel
Jan
2,1%
Feb
Manufacturing
Jan
•
2%
Bcullin
43
100
400
Feb
43
35
'2%
18 %
Feb
l
Jan
2%
25c
common
Feb
15
Feb
50
12%
'
35%
Northern Indiana Pub Serv 5% pfd-100
Northern States Power class A
25
37%
Feb "
1
35%
24,800
13%
Feb
8%
1
500
&
Feb AV,
29%
9,200
Bchulte
400
1/64
8%
1,100
10%
Sayre & Fisher Brick Co
37
1/64
Inc
3,500
31%
9%
Bcovill
37
1
Oil
9%
30%
10%
1
•_
Corp
8%
30%
1
•
pref
Jan
35%
i
RR
Jan
Savoy
United
8%
50
Corp Ltd
Jan
35%
5
Texas
Lawrence
Class A $2 conv
Bait Dome Oil Co
1A
35%
Northern
North
11%
13
35%
•
w
Feb
Feb
12
_*
North.American Utility Securities
Rights
Jan
9
•
common
Central
St
U Feb
1,300
Electric
North Amer Light & Power common—l
$6
preferred
*
12
Jan
9%
900
Northeast
Jan
Samson
Mines
B
Jan
102
5
Class
Jan
8%
Feb
Feb
Nineteen Hundred Corp B
North American
17%
7
92
Nipissing
Noma
Feb
19,300
425
95
B
1
1
1
1
~4% ~4%
2%
2%
2%
Jan
200
4%
Jan
5%
Jan
200
2
Jan
2%
Jan
1
Jan
1%
Jan
11%
Jan
31
32
RANGE
Week's
Friday
NeW York Curb Exchange •
•
Leather
Beton
common
-25
.
•-
Bilex Co
Bolar Aircraft Co
7 %
100
"
Jan
15
Feb
106
Feb
17%
Jan
225
10'/a
ll5/#- Jan
Feb
9%
500
3'/a
~7%
Feb
Jan
Feb
256
Feb
3l/a Feb
4
Jan
x236
3
-
'
Co
Aircraft
Warner
Southland
Jan
3%
Jan
Wichita
4%
Jan
Wickes
Feb
9%
Jan
Williams
300
37%
31
4
Jan
474
Jan
Willson
1,200
V
33 V4
Jan
29 V4
Feb
Feb
Feb
37%
20
31%
■
4
-
_>►
27%
27%
25
24%
) 5%
Products
Co
Corp
Standard-Thomson
Standard Tube cla?s B
Starrett
(The)
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;,t/
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Feb
200
26 Va
Brothers
Sterling Aluminum Products
Sterling
Brewers Inc
.
SSterling Engine Co.....
Sterling
Inc
Stetson
(J.
B.)
Co
Stinnes
(Hugo)
Stop &
(S)
Sunbeam
& Co
6%
Jan
23%
Feb
3 Va
Jan
Jan
19%
Feb
9»/a
Feb
11V»
Inc
Power
26 Va
Feb
29
Light 7%
Feb
Appalachian Elec Power
Feb
Associated
19
4,300
1%
1%
1% v-
IV2
Jan
2
100
1%
Feb
1 %
Shove]
Thor
Tilo
Co
Corporation
Assoc
7%
Feb
8%
Jan
374
Feb
5%
Jan
Bell
27 +
2%
27+
500
2%
Feb
3 Va
Jan
4
4%
2,400
374
Feb '
5%
Jan
53%
15%
Feb
102
107
Roofing
Tishman
Tivoli
Inc
Realty
V
series
5s
Brewing
Tobacco
&
Allied
Feb
61 %
Jan
ICentral
Feb
25
Jan
A5s
Feb
19%
Jan
A5%s
7%
Feb
8%
Feb
2'A
Jan
57a
6,900
3,100
6%
674
13%
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;
125
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Shipyards Corp
Toledo
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Trans
Lux
pfd
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Tung-Sol
convertible
80c
Unexcelled
Union
Chemicals
Gas
of
Canada
Union
Investment
Union
Oil
$3.75
Union
Co
pfd
Stock Yards
United
United
United
United
United
United
United
Aircraft
of
3 Va
Chemicals
Gas
Milk
Products
1174
11
75
Feb
11
Consol
Preferred
7
Feb
-
1st
ref
mtge
274s ser Q
1st ref* 274 s series
2%s conv debs
Jan
Jan
14 %
Consolidated
Gen
Jan
10%
Feb
11%
Feb
Feb
31 %
Jan
Jan
Jan
Feb
13 %
124
Jan
12
12%
400
11%
Feb
13%
5074
250
44
Jan
51
17%
17%
100
17 Va
Feb
Jan
21
xl3V4
700
13
Jan
14%
United
10%
Profit
Sharing!
300
1374
Feb
15 %
Jan
5%
574
100
Feb
Jan
6%
Jan
Jan
50
mtge
Gas
6%
1,100
9414
95
90
75
Jan
1%
100
1%
91
Jan
7%
Jan
A6%s
S
Jan
92
97
Jan
1%
1%
2,100
1%
Jan
1%
U
S
$5
U
S
and
1st
Co
class
2,200
5
Jan
6%
1%
2,500
1%
Feb
2%
9%
9%
Feb
6
1,400
9%
Feb
Nov
ex
International
preferred
Radiator
1,200
1%
Jan
2J/a
Jan
5%
1,100
4%
Feb
6 Va
Jan
6%
400
6%
Feb
8 Va
Jan
Jan
6%
Jan
92%
Feb
96
Va
Jan
62
3%
Jan
92 %
92%
92%
125
3%
3%
3%
1,500
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"%
14,000
61
Feb
40
Jan
Jan
4%
Jan
Feb
40
A Feb
1/2
Jan
32
Feb
34%
A6V2S
16
Feb
18 Va
Jan
17%
Feb
21
Jan
Feb
30
Jan
Jan
25%
Jan
17%
16%
17%
2,500
18%
17%
18%
12,200
,,
United
Stores
247%
Feb
Feb
2
Jan
10
56%
56%
57
39%
39
39%
8%
11%
Jan
10%
Jan
1,575
55%
Feb
62 %
Jan
2
9
12%
260
38%
Jan
2
41%
Jan
200
8%
Feb
9%
Jan
1.400
11%
Feb
14%
Jan
Feb
2%
Jan
2
700
70%
75%
375
70%
Feb
81 %
Jan
12%
13%
2,100
12%
Feb
18
Jan
1
2%
2%
2%
1,000
2%
Feb
3
Jan
2%
2%
2%
2,200
2%
Jan
Products
Co
2%
—10
' •"
10
common
5
Sugar
Light common
•
3
21%
,2%
21%
3
21%
2,000
800
.
Jan
20
Jan
26
'
Jan
20
__10
;
'
Jan
39%
50c
Universal
&
1%
Jan
13%
Insurance—_•
Power
1%
245
74%
Oil
Consolidated
Universal
Utah
1%
10
200
•
common
Universal
Utah-Idaho
247% 247%
warrants
,
A 7s
-
$4
convertible
Venezuelan
Venezuela
Vo»rt
see
92%
6
5%
6%
1,900
20c
3
3
3%
700
»
page
1,700
50
33,
"92
__5
;
Manufacturing'
"or footnotes
7%
1
preferred.....
Petroleum
Syndicate Inc
19%
Jam
8%
500
8%
Feb
9%
Jan.
2%
3,500
2
Feb
2%
Jan
A
Week's
or
Range
Friday's
Jf-N
Bonds
Bid & Asked
96%
J-J
January 1
No.
1-03% 104%
Low
'34
High
94
Range Since
Sold
102 Va
110
957a
96
97
17
104
104
1
96
*_.
99%
105
1097a
9974
110 Va
168
170
997a
997+
103%
$1097+ 110%
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High
10474
100
94
168
45
98
r+
J- J
83
83
8374
60
100
82
M-S
84 Va
83%
85
29
83%
M-S
104%
1C4 % 104%
A-O
105
104'/* 105
Feb
29
Jan
2%
21
44% Jan
Feb
3%
Jan
Feb
22%
Jan
7%
92
Feb
10
Feb
98
5%
3 r
Feb
xl2%
Feb
Feb
•
Jan
with
2
102
103'/a
J-J
99
9334
A-O
Af-N
J-J
M-S
..
99
98
A-O
Af-N
98%
104
v.
11
■99
98%
12
97%
11
% 105
104 Va
109
112%
115
96%
112% 112%
—
■
1
.
58
May
57
►
35
100
—
5574
4
.
2974
9774
36
10074
*110
120
31
--
33
34
58
31
*15
6174
37
10174
—
—
—
1
31
31
—
__
__
■
__
A-O
*100
1970
M-N
1955
1955
1957
3-D
t55
J-D
53
61
60
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J-J
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J-D
*103
J- J
103 V:
1007'+
104%
101
103
__
103
56
59
1027+
1027+
103Va
103 Va 103%
103%
1027'+
104
1957
1952
22
22
22
22
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22
F-A-
26
1
22
2574
1
22
2574
24%
26
23
24 %
'
23
23
23
*22
...
27
23
22
23
J-J
i
5
-
23
26
22
7
25%
1952
1957
J-J
99%
99 %
-99 %
37
98'Va
99%
1952
Nov
1940
1
J-J
63
61%
6374
23
52%
65
26
28%
1952
1952
coupon
1947 coupon
1
Nov
ex
Power 3%s
1966
1969
1956
J-D
1963
A-O
1967
1961
M-S
2004
1968
1971
J-D
10274
A-O
10574
1964
J-J
to
4%s—
Milwaukee Gas & Light
Power 3%s
& Westchester Ltg 4s
England
Ohio Power 1st mtge
3%s
mtge 3s
1st mtge 3s
Park Lexington
Pennsylvania Water & Power
3%s_1964
1970
....
A6%s
__
F-A
—
"
103
—
>\
17
17
21%
10
-
•
25
-
8
107
108 %
6
1017'a
101%
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58 Va
■
15
103 %
60 Va
1027+
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104
106
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102% 10274
—
1
88
,
101 %
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10274
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106 Va
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*
108
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88
92
88
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104 Va 1047+
4
104%
104%
J-J
106
1
103
106
26 %
106
26%
26Va,. 34
1952
Safe Harbor Water Power Corp 3S.1981
San Joaquin Lt & Pwr 6s B
1952
Scullin Steel inc mtge 3s
1951
Southern California Edison 3s
1965
Southern California Gas 3%s
1970
143
143
140%
144%
A-O
103
103
103
103%
M-N
*101
104
Af-3
*113% 116
*97
A-O
M-S
102%
1971
113% ,'113%
100
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102.% 102%
1037a 1037a
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.
—
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101%
103%
1017a 104
qq
3
100%
5
102% 1027 a
98%
100 Va
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1970
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5s—
1989
M-N
97
97
1950
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119
—1966
A-O
*69
74
1946
J-J
*22%
29
1946
A-O
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26
22
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29 V*
26
103 Va 103 »/a
103
Gas
Southwestern
5s
Elec 3%s
trust
collateral
Corp—
stamped
(Hugo)
Stinnes
3rd
A7-4s
.
&
(Hugo) Industries—
stamped
2nd
Hydro-Electric Co—
s with Aug
1 1940 coupon—1953
%
A6%s
ex
Aug 1 1947 coupon
4s
United Electric Co of N J
7%
Jan
United
3%
Jan
A 7s
with
Jan'
A7s
ex
Electric
Dee
Dec
1
Service
1
1940
1947
2
counon
1956
1956
100
69
•
75
'''*0,27:
J-D
Co—•-
coupon
%
lis :
97
115 •r-
27
'
35
*15
1953
1949
97
;
t
AStarrett Corp inc 5s
Spalding (A G)
^
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.
Electric—
(Calif)
59%
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perpetual certificates
5%s series A__
Counties Gas
103
*103
M-N
1960
1947 coupon
Queens Borough Gas &
mtge
2174
1017a 10174
59%
V
Hydro-Electric Co—
with Oct 1 1940 coupon__1960
Southern
*10474
1
108 % 108'%
J-J
Public Service of New Jersey—
6%,
29%,
RR—
Valley
Extended at 4%
3%s
2174
J-J
Light 3%s
*25%
*17
—
1963
deb 4 Vis
Corp
__
6s
Power &
McCord
1st
8174
103% 103%
B
1949
6s
Jan
14
J-D
Hydro-Electric Co—
Kansas
1st
106 Va
78
2
E
Electric
N Y
105
1057a
224
1
coup)
1941
1
Kansas
New
103 %
11
80%
56
C
(Dec
Altalian Superpower
,
78%
93%
10474
11
1057+ 10674
7974
92%
104
7
103
(July 1941 coupon).
A7s
A 6
.
Feb
56
(Aug 1941 coupon)
series F
Terni
8%
13
ffe% Jan
Sec—
Power
series
A7s
A7-4s
1
600
103
Jan
series
Stinnes
Valspar Corp common.
Jan
14%
Jan 1949
B
A6V2S
Jan
25
' 32
50
22
32
*
Rubber Reclaiming Co
U S
14
A-O
A
4s
Power 3%s
& Western 6s
International
A7s
2
1
with
Feb
M-S
Indianapolis Power & Lt 3%s
A7s
Securities
common
Jan
.
.
Jan
1961
1948
1950
1963
.—1958
Interstate Power 5s
6%
2
21
11%
1947 ccupon____1953
Mtge Bank—
1
Mountain
series
6s
Jan
12
4%
8%
Feb
Jan
Residential
Guantanamo
Jan
9
6%
••
Jan
95
Mfg Co—
1940 coupon__l953
A7s
2
1 >.
15%
20
Last
1956
RR 5s
1
AGeneral Rayon Co 6s ser
Jan
2
100
1
Jan
Jan
300
Sale Price
1965
Grand Trunk Western Ry.
Jan
6 Va
25
B__
5%
—
standard
5s
Feb
5%
6 Va
;
._u_;
Specialties common
Foil
U
Nov
Jan
95
5%
10
Preferred
United
Fuel
Elec
with
Finland
Feb
1%
Feb
88
~5%
25
Feb
3%
2 Va
1993
1993
City)
B
3%s
4s ser
&
Marelli
Green
7%
1%
89%
common
lls/a
8%
2%
1962
Hygrade Food 6s ser A
25c
Machinery
Feb
14%
1954
A6V2S ex Oct 1
preferred
Shoe
Jan
10
—
4s ser A
mtge
A6V2S
v
United
11%
Western RR—
N J Division—
&
of
Ercole
Jan
1374
50
100
Jan
Feb
12%
94
1948
1954
4%s
Elmira Water Lt &
Feb
•
dep rets ord regis..
Nj RR & Canal
Jan
7%
TO
96%
J- J
:—1981
R
(Bait
<
Lack
Eastern
Jan
49
57b
ser
Gas
mtge
Piedmont
Amer
96%
12
104
1969
1..1976
P
3s
29
11%
(Bali)
Pwr
&
mtge
507+
13%
Lt
ref
12%
13
El
1st
United Molasses Co Ltd—
United
20%
Feb
17
J-D
Jan 1966
1958
5s
Gas
A 1st
600
II8V2
•
167V Jan
Feb
6%
14
J-D
5s
Lackawanna
7
common
300
—1970
Jan
31%
3%
10
Corp common.
Light & Railways.-
474
Jan
Feb
1,300
•
4%
20%
Feb
•
common—
warrants
Elastic
Corp.
4%
1960
/——1998
Gs—
*
274
12%
Corp
200
Feb
137+
11%
50c
10 Va
17
2,500
100
com
10%
Jan
125
14
2%
%
Omaha__
10%
15 %
Midland
Products
500
Feb
16%
12 %
•
1074
—
M-Q
•
A
10
Feb
19 Va
J- J
Calif—
series
13%
600
1969
Feb
1,400
•
Co
of
400
674-
1977
Jan
1074
5
15%
5s
5%
30
5
Corp
13%
~674
6%.
3s
27%
10%
,10c
Jan
Debenture
U
Corp
18 %
J-D
Electric Corp—
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redeemed)
Debenture
Realization
Feb
1964
(10%
Debenture
Isarco
Ulen
15
Debentures
600
•
preferred
100
Jan
700
1
Works
1574
1955
A
274s
Service
Cities
_♦
Lamp
Jan
1574
Jan
1%
Inc
Jan
25%
Jan
67+
29%
warrants
Jan
35%
Feb
1%
30%
29 Va
95
28%
Jan
23
States
(10 Vo
Delaware
1
Feb
33 Va
75/a
5%
14
100
_1
27%
14%
28%
7%
Corp.—
Jan
156
75
Feb
500
*
Tonopah Mining of Nevada—
Feb
25
Jan
18
•
reg
Feb
1974 Jan
23
Jan
17
•
Amer
Jan
....
34%
1
•
Tobacco
Todd
114
Feb
140
Jani
8%
23
13
<
400
1
1
Security Trust Co Ltd—
Amer dep rets ord regis
60
Jan
2
.
34%
—
14%
6%
xl3 Va
16 Va
Jan
,
4.
•
Jan
Va
300
1%
V
1
;
Stocks
5%s
C
Steel
Edison
1574
500
1
13%
1
1,700
150
1953
4%s
deb
Tel
&
Bethlehem
22
'
.V ;-"
15 34
8
1
Construction
&
Co
148
1970
3%s
City Electric 3%s
Telephone of Canada—
52 Va
150
54
7%
5
16%
Period
Atlantic
374
80
5
common
16%
Interest
Exchange
Curb
Electric
Tel
Feb
200
300
2
common
Xl6%
Lew
774
100
Texon Oil & Land Co
Thew
•
Friday
BONDS
York
New
374
102
•
pfd
Jan
114
Jan
1,700
•
common
&
112
114
•
Jan
274
500.
T
Tampa Electric Co common
10
#
—
Jan
22
1st
Tfexas
Feb
4
=
.
Jan
100
k..
Technicolor
7
Jan.
23
267+
__
'200
-13?,, Jan
.
Jan
.
1
7 %•
13%
*
1 Ve
26 Va
11 s/
7%
5s
£1
Ltd
Hargreaves
11%
1574
15
Taggart Corp common
receipts
deposit
preference
Wright
Feb
300
2%
Feb
1
Feb
54
—1
1 %
2
:
Feb
10%
~67'+
100
Jap.,'
'.•ill 23/s,
Ltd—
(F W)
American
6%
pfd
1
50
*
Superior Portland Cement, Inc
Superior Tool & Die Co
Swan Finch Oil Corp.—
Jan.
4%%
L
&
Petroleum
Woolworth
Boston
23c
—*
common
Woodley
4
*
common
Corp
Sun Ray Drug
474
P
5
274
17
1%
Jan
9%
,11074 Feb
Feb
•
100
common
Industries Inc
"374
5
1
Corp
Woodall
7%
•
common
Shop Inc
Stroock
Elec
8%
19%
1%
3%
L-.;
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4%, Feb
600
25
w
1,800
102
;•
400
1574
1
common
w
1,100
274
Va
Feb
350
47a
3%
.
1
Inc
1
5
1%
1
10%
11%
—
»
Co
61
prelerred
5 %
Jan
43
Feb
9%
•
1
..—1
—1
1
& Co common
(A)
C)
Products
Wilson
Feb
5%
Jan
; 374
•
Stein
474
36
200
19%
—*
Steel Co of Canada
•
Feb
1%
5
5
9
22
1
—1
Corp
Jan
300
•
1%
10
Corp
1
5
*
*
1
1
Preferred
Jan
25 Va
600
-
3%
100
2% Jan
/.
Feb
4%
1
Co
&
Corp
Feb
Feb
110%
3%
1
8%
"9
—
Common class B
29%
.Jan
5%
■
Brewing
Standard
Jan
23
39
37
37 a
—2.78
Standard Cap & Seal common
1
Convertible preferred
10
Standard Dredging Corp common
1
$1.60 convertible preferred
20
Standard Forgings Corp
•—1
Standard Oil (Ky)
10
Standard Power & Light
1
Standard
27
25
39
Jan
'
1,800
277+
25'
1
37
400
25
5
*
*
Jan
35 V+
—
11
.
10
Oil
River
(The)
Wisconsin
Inc—...
Co
6tahl-Meyer
1
1%
8 Va
20
V;
20
Inc.
(Wm)
Whitman
Feb
Feb
*
Corp
—
200
;• 500
•
A',
.
—
—
'
30%
23
Co_^
Royalty
Spencer Shoe
Corp:
Coal
Westmoreland
3%
'
High
1%
1%
—
—
Virginia
3
Southern California Edison—
original preferred
4.48% conv preference
4.32% cum preferred
Southern Pipe Line—1
—
Coal St Coke_
1
5
Western Maryland Ry 7 % 1st pfd__100
Western Tablet" & Stationery com—•
West
Winnipeg
5%
—30
1
warrants
200
4 Va
36
10
11%
Feb
8'/a
1,300
1
_.
4
Va
12.50
Line
$2 cum pfd—
Watch
8%
110% 110%
Y
—1
Inc
Waltham
7%
3 Va
37a
„
4
1,200
9%
3
3%
.
3%
1
South Penn Oil common
87'+
8%
-
.1
common
Bond
&
Weyenberg Shoe Mfg
1
Low
Jan
90
Jan
90
-1
common
Waitt
1%
8%
/
"
—
—
Westmoreland
1
Manufacturing
440
3 Va
~65/a
900
I 243%
X236
236
6%
6%
6*4
Range Since January 1
'
High
1%
Baking voting trust ctfs ext.*
preferred
100
Ward Baking Co
:*
•
—
—•
Co
Wagner
100
Corp
Southwest Pa Pipe
Waco
Jan
Manufacturing,
1.25
West Texas Utilities $6 preferred-*
£1
Manufacturing Co—--
Coast Corp
Jan
Jan
73
104
Shares
Low
Wentworth
•
1
100
—
South
17%
16'/a
Jan
Publications—
convertible preferred—
Simplicity Pattern common
Singer Manufacturing Co
.
Singer Manufacturing Co Ltd—
Amer dep rets ord regis.
Sioux City Gas &. Elec Co—
3.90% preferred
Smith (Howard) Paper Mills
Soss
Feb
Feb
3,700
''
15
'
"9%
9%
-*
$3
Sonotone
r
—*
common
Bimmons-Boardman
Solar
15
class A—-—_—*
Breweries Ltd—.—
Bick's
Aircraft
16
40
for Week
wz
68
105 % 106
105 %
Sales
Range
of Prices
Sale Price
Jan
12 V*
70%
*
Week's
Last-
,
•
Jan
3
1
1
68
69
:
of America
Feb
2'/2
;
Par
1,300
17
16
—
Sherwin-Williams of CanadaCorp
13%
Feb
13
1,100
;v
Exchange
Curb
High
'
——
—.
preferred
6hoe
Low
214
2Va
2%
5
:
Bhawinigan Water & Power
Sherwin-Williams
stocks—
York
New
Range Since January 1
Shares
High
Low
■
'•
•
common
Bheller Mfg Co—
/'
.
Friday
Sales
Range
of Prices
Par
Bhattuck Denn Mining
4 %•
•
V
20
for Week
Last
Sale Price
STOCKS—
'
FEBRUARY
WEEK ENDED
FOR
Monday, February 23, 1948
EXCHANGE
CURB
YORK
NEW
■
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(872)
*25%
*15
27%
30
•—
-
103 Va
27%
Volume
THE, COMMERCIAL
Number 4675
167
YORK
NEW
RANGE
Friday
BONDS
New
York
V;,
Sale
Period
A 5s
income
Wash
Water
1954
Penn
M-S
3'/2s
1964
J-D
5s
Power
2030
A-O
1960
J-D
Traction
5s
;
75
Low
No.
75
-
75
76 •
102%
107
107%
118%
Peru
105%
$ 106% 107%
120
118% 118%
coriv
6s
1959
debentures
f
s
F-A
102
::
102
101?
Rio
(Republic
de
i
e
Curb
Interest
Exchange
Last
Sale Price
Agricultural
A20-year
A
(Col)
7s
(see
Mortgage Bank
Valley 7s
ACauca
Danish
Cons
Municipal
External
1948
AExternal
36
36
36
ALima
87
84%
Interest
6%s
78
78
AMedellln
7s
i,"
$7
10
J-J
listed
2%s
to
77/a
of
2008
—-1951
$15
17
15
3
3%
136
2%
3%
3%
3%
3%
131
2%
'3%
(not included in year's range),
d Ex-interest,
f Ex-distribution,
g Ex-stock
div.
h Ex-
transaction
range),
year's
sales being
no
$24
26
25
the daily closing averages
are
J-D
Bogota—
1947
M-N
1947
A-O
AMortgage Bank of Chile 6s
1931
Mortgage Banx of Denmark 5s
1972
$19%
J-D
81
85
RANGE
19
20__
49.11
65
81
FOR
WEEK
Sale Price
v
Low
Par
Arundel Corporation
•
com
t c
v
•
1st preferred vtc
100
Consolidated Gas Elec Lt &
14
of
Amer
Range Since January 1
Low
525
3.00
13%
2.50
1,392
17
117
100% H O O
100
A—_:
5
146
145
•
40
High
16'%
Feb
Feb
100"
Jan
5,
Jan
16
Jan
\
23
v
Jan
.
Feb
300
Feb
40
1
300
V,
Jan
f50
40%
Jan
,
Jan
Jan
Jan
300
Vernon-Woodberry Mills—
Common
...
20
preferred
105
•
75
13
65
Jan
75
Feb
105
75
_____100
—
prior
6.75%
Amsterdam
North
U
S
Casualty
American
Oil
37
105
Jan
106
Jan
30.85
100.31
102.56
86.74
101.72
97.83
60.72
100.41
102.66
86.95
101.71
97.93
60.70
100.53
102.71
86.79
101.81
97.96
48.68
31.94
60.62
100.61
102.81
86.99
101.79
98.05
167.44
48.40
31.74
60.38
100.64
102.94
86.55
102.01
98.04
•31.95
i;'
20
England
New
Electric
England
Tel
Pacific
-
90c
90c
500
90c
Feb
45%
330
45
Feb
25%
.——25c
50
25%
30
Jan
to OO .CO
Torrington
.
Co
Twist
1.15
Jan
Jan
CO
Jan
91%
Jan
38C
42c
575
38c
Feb
69c
Jan
30%
32
30
Feb
35 %
Jan
16%
16%
17%
20
Jan
76
754
16%
Feb
4
4
100
3%
Feb
12
12
60
Shoe
*
5%
6%
20
5%
13%
380
13%
Feb
12%
36
series
Feb
42
Jan
Feb
56%
Jan
850
55%
Feb
61%
Jan
408
38%
Feb
45%
Jan
56%
57
40%
s*
151-4
15
25%
.
71
15 V4
26
12%
27
Co
1975
58
1975
4s
A
69%
-•
58
69%
58
5,000
Feb
68
Feb
77
Jan
Boston Stock
Friday
Exchange
Week's
,
STOCKS—
Par
Shares
Tel
American
Tel
American
Woolen
Anaconda
Copper
Son
&
&
100
&
RR
25
Boston Elevated
153 V*
Feb
Jan
Jan
3,695
31%
621
40
Feb
44%
Feb
31%
621
30%
Feb
34%
Jan
20
Jan
65
17%
116% 121
60
36%
37%
19%
19%
22%
22%
34%
37%
35%
610
17%
Feb
125 Va
Feb
41%
Jan
Jan
19%
Jan
Feb
26 Va
Jan
Feb
37%
Jan
Jan
116
36%
Feb
110
19%
210
22 V*
32
1,995
;
V
Railway—
Stamped
100
Boston
Herald Traveler Corp
Boston
&
Maine
148%
High
6%
Feb
31
17%
121
6%
31
31
100
..
148% 150 Va
31
4
;
Edison
Albany
149%
•
—-
Range Since January I
Low
400
6%
•
22%
prior preferred
5%
class A 1st pfd stamped
B%
class B 1st pfd stamped——100
100
—100
6%
6%
American
10%
Tel
&
Tel
Providence
Calumet &
SS
Lines
Razor
Maine
5%
Central
RR
Mullins
Service
Jan
16%
Feb
Feb
20%
Jan
Feb
11V
Jan
45 Vt
Feb
52 %
Jan
5
44%
44%
44%
50
44 V4
Feb
50
Jan
14%
14%
50
14
Jan
16%
Feb
11
11%
300
10%
Feb
12%
Jan
Co
14%
14%
14%
435
13%
Feb
1-6 %
Jan
—";
34
34
34
Feb
37 %
Feb
Feb
7%
Jan
•
5
-
10
231
6%
32%
33
79
79
6%
6%
79
200
6%
31%
Feb
36%
Corp
Corp
(E
L)
10
common
common
Piston Ring
Bros
79
Feb
82
Jan
69
70
80
10
Biscuit
.
Cent
&
S
W
Util
66%
Jan
71
Jan
50
81
Feb
86
Jan
24
Feb
26%
51%
51%
53%
50%
Feb
58 %
Jan
41.21
39.40
39.56
54
38.90
Feb
•
32%
32 Va
33%
2,267
32 %
Feb
29%
28
30 %
542
28
3%
1,245
44%
632
V..
3%
15
42%
'
Burrell
Chicago
Corp
&
South
Air
Co
Service
Coleman
Feb
36%
Jan
3%
Jan
3%
42%
Feb
49 Va
Jan
7%
Jan
V4
Feb
15
31%
Feb
36
28%
28%
70
28%
Feb
1
21
21
25
21
1
10
10%
520
10
15%
16%
197
30c
30c
500
5
_1
15%
Feb
10%
Feb
11%
Jan
8%
700
8%
Feb
9%
Jan
Feb'
25 Va
Jan
Feb
12%
Jan
1
%
Jan
22
22%
125
21%
10%
10
10%
1,800
9%
200
64%
Feb
104
32
Jan
33
Jan
27%
100
26%
Feb
31%
Feb
6
50
Jan
6
Feb
53%
55
500
52%
Feb
63%
Jan
32%
32 %'
100
32
Feb
36%
Jan
6
/'.;
5
/•
2%
54%
10
common
65
33
27%
-4
4
(new)
Feb
64%
32
4
65 Va
Feb
Feb
15
—i_—4
1V4
50
200
5
22
—4
Lines
common
Club
6%
—
.
.
5
1
common
Chrysler Corp
Jan
31%
100
4
v
Jan
6%
6%
100
8%
::
000
common
Convertible preferred
/.
Chicago Electric Mfg cl A pfdChicago Rock Island & Pacific
36
;
31%
100
Feb
1%
10%
-
•
Jan
6
4%
1%
10%
4%
4%
1
common
Jan
215
1
11
1
common
Central 111 Secur Corp common
Convertible preferred
Chicago Corp
-
1
common
common
Jan
•
Feb
28
16
18%
10V4
Butler
340
For footnotes see.page 42.
Jan
100
100
100
Burd
84%
;—
25
16%
18%
Feb
•
Cos
50
16%
18%
100
Alum
6
Products
Co
common
6%
4
Commonwealth
Co
Co
Inc
Edison
common
common
(new)
Dodge Mfg Corp common
Domestic
Credit Corp
34
5
class A
Jan
Eddy Paper Corp (The)
33 Va
Jan
Flour
Feb
24 Va
12
Jan
Fox
11V4
Feb
17%
Jan
General
30c
Feb
45c
Jan
General Motors Corp common
26
4
25%
26%
26%
25
26%
26%
7%
Feb
39
Jan
5,500
25%
Feb
28%
Jan
10
25%
Feb
28% Jan
9
9
9
2%
2%
200
9
100
2%
10
1
Feb
34
50
Feb
10 %
Jan
Feb
3%
Jan
82
Feb
95 Va
Jan
14%
Feb
16
250
7%
Feb
9%
Jan
200
14%
Jan
19 %
Jan
,
2%
Jan
Feb
34
6%
50
6%
•
(The)
.
Mills
Four-Wheel
National
28
5
10
10%
Feb
24%
Nash-Kelvin ator
Jan
8
45 %
Jan
84%
Racing Assn
Feb
5%
10%
7%
24
Mfg Corp class B
Narragansett
4V4
4%
Feb
45%
8%
8
84%
•„
Feb
4%
45%
8Va
—
Mathieson Alkali Works
"3%
5
(George W)
Borg-Warner
Bruce
24 %
_L—
Jan
6%
100
Jan
Jan
—
preferred
28
28
Feb
200
400
6%
Jan
Jan
•
!.
4%
'
4
12%
Feb
4
com
6%
13
Feb
common
Copper
Jan
Feb
Consumers
Kennecott
Jan
14%
Jan
7%
—100
Royale Copper-
152 %
Feb
—
10
7%
~
Co
Feb
11%
12%
12
5%
Stores
Safety
149%
'4
■
—1
Co capital
Cities
Gillette
1,300
1,300
149% 150 %
12
12
Jan
150
5%
100
;
9%
1,000
175
7%
Ry—
General Capital Corp
Electric
Jan
250
10%
565
100
General
11'%
1,150
10%
12 %
Jan
——100
Inc
Jan
Feb
Jan
10%
305
;
preferred B
4%
12
5%
& Fuel Associates—
National
Feb
3%
10 %
8%
1st preferred series A
Eastern
8%
15
12
-7%
—
Street
Feb
1
7
>
10
Mass
149%
-
3
common
7%
3%
10
10%
3
(W H)
Feb
1,700
8%
3%
4
common
High
14%
1
8%
prior preferred
Eastern
5
Low
300
15
7%
8%
100
Seelig class A conv
Mfg Co common
Cherry
4%%
15
Range Since January 1
High
Berghoff Brewing Corp
—
Service
Eastern Gas
15
Binks Manufacturing
—
RR
Hecla
capital
Barlow &
Belden
.-100
Personal Prop Trust
&
Co
Corp
Barber Co
Low
:—4
Corp capital
Carr-Consolidated
Boston
Shares
5
Castings
common
Washer
Mfg
—100
cl D 1st pfd stamped--
Boston
Isle
Jan
Jan
for Week
1
common
Athey Products
Automatic
Avco
'
%%. cl C 1st pfd stamped-
Bearing
Armour & Co
260
7
Range
of Prices
4
Mfg
common
Aluminum
Ball
Aetna
Borg
RR—
7%
D)
Corp
Advanced
High
6%
50
;
—
Inc
Boston
Boston
Low
1
(J
Admiral
for Week
of Prices
Sale Price
Alles & Fisher Inc
6%
15%
30%
Sale#
Week'a
Sale Price
Par
Adams
Sales
Range
Last
First
Jan
Feb
Chicago Stock Exchange
Last
6%
14%
25
590
Jan
67%
$1,000
Friday
Cities
Feb
35 %
48 Vt
40%
STOCKS—
Bird
Jan
200
40%
-
14%
38
4,146
56%
Corp
Jan
50%
10
System Inc_
Westinghouse Electric
Jan
Jan
Jan
Jan,
15
<67%
common. ..—25
Waldorf
11%
35 %
205
7%
Jan
48%
49%
Rubber
14
S5%
«
Machinery
61
12%
35 %
12%
—5
.
..
4Vi
Feb
13 V4
_f—4
_
Drill...
Feb
5%
„
_
12
13%
-
__
_
Fruit Co
United
_
Inc
_
United
S
121/a
Jan
2.50
Inc
Assn
Webster
&
Feb
83 V4
—
_
Drug.
Stone
11
274
«*
Corp
Rexall
4,209
%
31%
50
_
.
Qumcy Mining Co —'
High
11"%
b8
25
Pennsylvania RR
Shawmut
Low
11
85%
42C
•
Mills
Range Since January 1
High
11 %
-2.50
_
_
Shares
86
,
100
Tel
&
for Week
of Prices
Low
_20
System
Sales
Week's
V- Range
Sale Price
BONDS—
.v
Baltimore Transit
5s
25%"
Feb
45
___2
Co
Fidelity & Guaranty
97.82
31.91
North Butte Mining
U
New
40
101.70
86.66
167.86
___
-_
Union
Mount
102.70
Total
31.95
—-
FEBRUARY
Reece
»-» O O
Feb
145
7
10
40
300
100
ties
EXCHANGES
ENDED
New
Power
pfd cl C
class
16
16
Fidelity & Deposit Co
.——20
Fidelity & Guar Insurance Corp—-10
Co
3.00
3.00
Rails
49.02
Par
Sharee
14
Utili¬
Rails
"•
trials
48.80
„_
Last
High
13%
%
10
Grade
167.89
__
STOCKS—
for Week
Range
of Priees
10
Second
Grade
Indus¬
100.23
60.09
31.71
Sales
Last
STOCKS—
'
168.04
_
Exchange
Week's
Friday
-
First
10
Stocks
ties
48.36
168.30
*
roads
166.18
—
Util-
Friday
Baltimore Stock
Finance
.
of representative stocks and bonda
compiled by Dow, Jones & Co.
Total
IS
•
trials
18—
Feb.
44%
OTHER STOCK
4 7o
cash
—
$__
J-D
44%
__
17—
Feb.
$44
16-
Feb.
$44
1927)
14
Feb.
;
1927)
Baltimore
for
—Bonds—
Rail¬
•:
Feb.
Oct.
20
Indus-
39%
36%
7
38
30
Date—
May
of
r Transaction
10
36%
.
(issue
Co.
range),
during current week.
Stocks
25
(issue of
5%
year's
transacted
above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
"n-v," non-voting stock; "vtc," voting trust certificates;
"w w," with warrants; ("x w," without warrants.
15
M-N
A7s
Baltimore Transit Co
'V
3%
J-J
the New York Stock Exchange as
on
7%
M-S
A7s
of
24
M-S
„_1919
used
when issued;
A)
stamped
Bank
15 %
23
24-
$23
n
Feb.
Mortgage
27
15
11
78
F-A
stamped_1958
(Plan
reduced
6%s
J-D
15
84%
t__
t
1952
stamped
City iPeru)
stamped
Ai i
2012
(Plan
2%-
to
15
"conv," convertible; "M," mortgage;
tive;
Waterways—
Maranhao
High
27
28
39%
—
J-D
1953
6%s
$25%
$64
M-N
-1955
&
stamped
par value,
a Deferred delivery
transaction
(not included in
Below
Port
L010
of)
5s
DanzlR
January 1.
No.
$64
J-J
J-J
reduced
Abbreviations
High
"w
A-O
Range Since
Sold
High
Loan—
5%s
External
Low
Bonds
§Reported in receivership.
January 1
No.
—
April 1946
Jan 1947
7s
20-year
Bogota
Bank
Mortgage
A, B, C, D, &E—1997
1921
Odd-lot
Range Since
Sold
High
Range
Friday's
or
Bid & Asked
J-J
Under-the-rule transaction (not included in
.(not included in year's range),
x Ex-div.
y Ex-rights.
Bonds
Friday's
or
Low
2%s
$Friday's bid and asked prices;
A Bonds
being traded flat.
Bid & Asked
Sale Price
2008
Government
principal.
Week's Range
Period
York
to
%S
•No
New
Last
Period
;
of)—
ser
Janeiro
Interest
ARussian
102%
Foreign Governments & Municipalities
Friday
reduced
to 2%%
I'/o
A 5
BONDS
Week's
Interest
Exchange
stamped (Plan A)
Interest
Union—
Newspaper
Curb
Low
77
$105% 106%
■
York
High
•
Western
20
BONDS.
New
January 1
High
33
EXCHANGE
FEBRUARY
Parana
debs
(873)
Friday
d
I.
Hotel—
West Penn Electric
West
ENDED
Range Since
Bonds
Friday's
or
nice
Low
Waldorf-Astoria
CURB
WEEK
FOR
CHRONICLE
Week's Range
Last
Interest
/
Exchange
Curb
& FINANCIAL
of
America
Drive
•
5
Inc
AutO—
.
(Peter) Brewing common
Candy class A
82 %
;
14%
14%
8%
10
82 %
15
8%
12
1,450
15
52%
15
18%
1%
—5
.10
82
18%
20
51%
523%
1,100
% Jan
19 Va
Jan
58
Jan
34
COMMERCIAL; &
THE
(874)
STOCK EXCHANGES
OTHER
Gillette
Razor
Safety
V/2
8
'/// —"4."-
common—_
29%
Goodyear Tire & Rubber common.
*
Gossard Co (W H) common-.,
—•
Great Lakes Dr & Dk common—
31
40
Feb
Jan
Feb
18
15%
„
18%
__
18%
250
18
16
900
15% Feb
;,i
loo
21
10
10
10
Harnischfeger
.10
21
18%
21
150
18%
24%
25%
200
24% Jan
10%
10
10%
500
Hein
Werner
Corp
Corp
„1
-3
Brick
Illinois
Central
Independent
RR
3%
Katz Drug
_,
preferred
~8%
-•
100
-
57%
Feb
3%
Feb
4%
300
9%
Feb
13
100
28%
Feb
--
Co
&
200
19%
Feb
21%
7
150
6%
Feb
8%
50
4%
Jan
5%
Libby McNeill & Libby
13%
"250
Jan
14%
U
S
Printing.—
Preferred
Marshall
Field
&
Co
Jan
8%
Feb
8%
y 95
,
13
6%
2,100
,
10
;v
Jan
m 11
«
•'
MS*
STOCKS—
.18
——
8%
Ex-distribution
'■$1
X
—10.
preferred—
prior
—»
Mfg common.*
—
■;
«
Monroe Chemical Co common—_
%
National Standard
111
Northern
Northwest
Oak
v
Manufacturing
*'»
•
•
'
»•
•
■
(The)
34V4
34%
•
>
'
7".
5
8
87
Serrick
capital
Co
A
Corp class B
Shehmar Prod
Brand'
Bend
South
7;
Jan
Jan
Jan
General Motors/common
Jan
Gllddea Co coromo n<Un)_—>2____—.
4%
.
Feb
Feb
,
Firestone Tire & .Rubber*
7%
2
20
;
25
£
8%2%
I,'
•>";
Jan
Great LakeS Towing
11%
Jan
Greif
Feb
32%
39%
.
■"■•
Container Corp common.
1 sA
Furniture common—.— —10 i
Storkline
Sunbeam Corp common..
Sundstrand Mach Tool common
Swift
Co
&
25
stock
capital
II—5
HUn)i,i-i-,.iO.
Jan
Lamson
Jan
McKee
3%
Jan
11
21
31%
Steamship
•a42\ a42 •
:
I".'
14%;W+■■
%■ 76 > r.
Y'ii3%
313/®
.
Texas Co
(The).—
Co
(The)
—
208 So La Salle St Corp
Union Carbide & Carbon capital
U S Steel common__.____.____
Westinghouse Elec & Mfg
Wieboldt Stores Inc
Wisconsin
Unlisted
Mach
com—
common
Jan
N
Jan
Ohio Brass class
Jan
Ohio
19% Feb
24%
Feb
Packer Corp
313/a
36%
Feb
Jan
Bethlehem
10%
Continental
100
94
Feb
200
69
•
i
;
50
57% Jan
.
,
■
44%|7Jan
Feb,
17
v„
Jan >
Jan
76
Feb
270
31%
4%
3%
-4%.
^
24%
4%
12%
Jan
40%
Jan
6%
Feb
4%
.
Jan
25%
v:
Jan
Feb
2%
Jan
'•>32% Jan ;'•
'
Feb-
4%
225
(
Feb
49%
.
Jan
100 //•'; 33%
.
4%
'-3 "
—4
Feb
t
Jan
10
•>'
,..'75
.
14%
Feb
39
950 : >
' '
Y
:
__
U..'
—-
Pennsylvania RR
>
(Un)_
5-.
Feb
15%
Jan.
33
Jan
36%
Jan
26%
Feb-
33
Feb
32
Jan
34
Jan
17
Feb
20
—/I^'*'''
Jan
389
22%
Feb
27
Jan
377
41
Feb
46% Jan
.
.
50.
120
32%
II——50
V
.
56
;,y
'•
a22% a25%
41% 44.%
Jan
Feb
,
22
33 ,
al7%al7»%
Jan '
,4
12 Va
xoa.
a28% a28 V*
32%
__-i——i._
:
" 45 '
.
i ,ae47/«.a34%
"
XUn)__n——J
Oil
200 ^
iil3%,
a!3
_Z",
Central RR (Un1.——
-44%;
-
X0
'
Jan
standard Oil of Ohio ecwnrooru—^
Jan
29%
Jan
16
Jan
Feb
15
7 50
;
V.
f*» -I-
11
950
10%
Feb
11%
Jan
400
13
Feb
143/4
-i
,
■'
7, 3
.
Works^.i_-___———.*
8%
Youngstown Sheet &> -/
Youngstown Steel Door (Un)t__^_i:—* .' J
;
Van Dorn Iron.
li
-
a69%.a70%
>■;
Feb
31
Jan
39%
Feb
48%
Jan
68%
Feb;
78%
10V2
Jan
Jan
377*
.
.
8%
345
.>.
■
25%
73
\ 55
•>150
68'A 68 W
al6.% al6V«
Feb
66%
Feb'
:*79%
Jan
15%
:■■■'!
Feb,
18%
Jan
*
40
Jan
100
—
,
26- ^ 26%.
a41% a4l%
Thompson Products common/——.—*
- •—
0 B Stort common v(Ub)^k i- —1
25% Feb
200
15
Republic Steel <Un)_——
Richman Bros
78%
Electric
Feb
„
;::;v
16%
Jan
10%
v-Y.
;
11%
Jan
Jan
8ya
Jan
New York Stock Exchange
New
Detroit Stock,Exchange
Chicago Stock
•
4%
200
4%
Jan
53/8
Jan
6
100
6
Feb
6%
1,200
32%
Feb
35%
4%
Feb
53/4
800
4%
Feb
5%
100
15%
Feb
173/4
13%
300
12%
Feb
15%
15%
Jan
16%
Feb
4%
43/8
8%
8%
18%
y4
~
_i
•
■
—
.
-
100
Jan
21 Va
Feb
Feb
23%
Jan
30
\
.1
Jan
10%
8
100
300
/
15%
15%
-
17'
93/4
"14%
i
Feb
',.'17%
Jan
Feb
78%
Jan
Jan
14%
Jan
__
common
Brown-McLaren common——1
Feb
17
800
2,400
14
Electric
9'A
213/8
Feb
11%
Jan
Jan
2ya
Feb
2%
12%
Feb
16'%
Jan
Chrysler Corp
—
Davidson
Bros
Detroit-Michigan Stove
Detroit
Cincinnati Stock Exchange
Sale Price
STOCKS—
Sales
'
Range
for Week
of Pricea
Share*
Range Since January 1
.
Aluminum
Champion Paper & Fibre
Churngold
Cincinnati
common
Street
Feb
13
Jan
Gar
29%
Feb
32%
Jan
Gemmer
3%
Feb
3%
Feb
General
21
150
^0%
Feb
22
Jan
Gerity-Michigan Corp
18%
200
18
Feb :
21%
Jan
Goebel
8%
20
9y8
Jan
20
18
23 %
8.50
7%
73/4
75
63/4
Crosley Motors
For footnotes
•
8%
s.
50
see
page 42.
Industries
9%
70
20
i—2
_
Telephone
Wood
30
135
HA CD
24
8
75%
7
y
55%
6%
;
Jan
Jan
_
9%
Feb
•14
400
no
1%
Feb
2
268
Jaij
14%
12% Feb.
53%. Feb
59%
Jan'
Jail.
8%
23
448
474
486
86
.
,
7%
75
6%
Jan
26
Feb
8%
Feb
Feb
Feb
.
6%
280
Jan
'""7%
Jan
Jan-'-
41/4
1,400
4%
Feb
4%
Jail
20 3,a
20%
6,821
20%
Feb
21%
Jail
10%
10%
1,113
10%
Feb
12%
Jan
—
1
23%
24
24
Feb
—1
Federal Motor Truck common.—.2^.*
Frankenmuth Brewing common——1 i
Friars Ale common——_17
Fruehauf Trailer common———
1.
3%
*
;
:
13>
6%
4%
20%
9%
3%
550
19%
Feb
2%
——:—
31%
10
13.
Feb
573
17
,
2%
22%
Feb
f
1
————
common—'——
33/4
30%
*
Burger Brewing
Cincinnati Gas
.20
■>
Products
Corp
30%
9%
Industries
Laundry Mach
American
1%
19
100
.
2%
900
2 %
Feb
9%
93/8
100
9%
Feb
9%
Feb
3%
3%
1,325
3%
Feb
43/4
Jan
1%
Jan
90
90",
19
19
•
700
90c
100.
18
-
Feb
2%
;
-
Feb
Feb
23%
Jan
Feb
6%
Jan>
High
Low
High
Low
Steel
Electromaster
*
Par
.
55%
13
5
Navigation.—
Detroit Edison common——— —20 '
Laat
10
93/4
High
Low
2%
;700
2%
21
*
£1%
—l *:•
———
Detroit & Cleveland
Week's
1
Range Since January 1
High
Jan
800
21
'
" 1
~5 4
Burroughs Adding Machine./.—
Shares
2%
1
Americah Metal Products——z
2 :
Baldwin Rubber common—„—J-1
Allen
for Week
Low'
Par
Sales
Range
of Prices
•
Sale Price
STOCKS—
Jan
Jan
Exchange
Week's
Friday
Jan
8y2
26%
13%
>_7>'7; //y/.—/■
10%
9%
Feb
69%
100
17%
13%
Detroit Stock
Jan
Feb
73/4
2,200
703/8
Feb
23
600
—•
17
8>/8
7%
25
-7■'
Telephone: Randolph 5530
Jan
9%
Feb
Y-
common
Exchange .7
DETROIT
1
.
Last
23 Va
70%
.1
.
26%
73/4
''
153/4 y
l
5
Feb
18%
x25%
300
8ya
■
■■ •■
'I
25
common
21
Jan
83/4
100
#-A.
■
Jan
18%
1,200
—
26%
is
'Smm
Standard Steel Spring
'
'
'■
i
J
;
Jan
4%
'
Jan
200
13
.16
1
.15
Curb Associate
Jan
16
Ford Building
Jan
15%
153/4
'
'"1";:■
33%
*
York
Feb
'
common
Members
Feb
7%
■'
1,200
4%
com
WATLING, LERCHEN fit CO.
10%
300
.
—,
5
•
Oil Corp
United Corp
14% Feb
4%
Radio Corp of America common
Sunray
100
333/s
Radio-Keith-Orpheum
Republic Steel Corp common
Bocony Vacuum Oil Co inc
Corp
14 3A
4%
-2%
new
Pepsi-Cola Co
N
Jan
32%
.10
Car
Pan Amer Airways Corp
Plcturea inc
Paramount
of
Jan
34 y2
4%
mm*.
York Central RR capital—
American Co
(The)
34
30% Feb
4%
North
Co
30%
'■I.
960
4%
Laclede Gas Light
Nash-Kelvinator Corp
A
1,100
313/8
32
32%
Co
Graham-Paige Motors
Studebaker
Jan
29% Jan
Feb
6
--
Oil
143/4
Feb
7"Y-' "Y
—
Standard
Feb
26%
30%
:
313/4
1
Television & Radio
Co
Jan
123/4
200
31%
31.
-
Motors
Motor
3%
300
3
143/4
•
Electric
&
'
13%
27%
10 %
new
•
Cincinnati
;
:
-
Feb
•'.'•>•32
10'%
100%
r;
13
1
American
Jan
75
32%
; Feb
,
273/a
Curtlss- Wright
Wilson
Jan
Jan
Jan
y 13
10%.
10
Farnsworth
Oil
Jan
48
26
13
--
*
;
common
Products
Columbia Gas
Pure
37
Feb
97%
3
Steel
Certain-teed
Packard
58
Feb
45%
69%
15
7/
Corp
American Rolling Mill
Anaconda Copper Mining
New
Feb
30
26
777
26
•
Jan
V
.35%
Stocks—
Alleghany
American Radiator & St San com
General
52%
650
240
97%
18%'
.•
100
31
69%;
•
V ; 50
rj >58 y»
.13%.:Feb
10.
—
9%
"
-
•;?
85 y Jan
14%
32%
25%' .25%
34 t
34
Metropolitan Paving Brick—4-
18%
7 31
Jan
52%
•
45%
45%
m
—1•
—5
caiptal
30
Feb
49% Feb
39%
10-%
10
Jan
47
52%
it
—.
•
•
common.
Bankshares
Yates-Amer
—25
2
common
..55% Jan
•
21%
,
50
:
•
Trane
Feb
Jan
Jan,
.
Jan
Feb 77
•
13%
a40% a41%
G)
1,000
•.
Jan
27%
Feb;/
51%
32 y»
...
class B—
Medusa/Portland Cement.—
<A
Jan
:
.
Jan'
32
32% Feb
*
52
3i84
9R'■
,25
•
—
& Sessions——-
1,400
32%
■
73% Feb
50
250
Jan
V y'45%
•
#100
,
preferred———100
class A———*
Interlake
17%
30%
•'
.,25;Y; 43'-'" P'el)^
\
i*- ••&-? -k tkStl %-a52%;>. r
:;r'L^v>
a22% a23 \y* >' *117" :
—: a5l9/« a5iy«} -_. ; 20 1
Industrial Rayon <Un)l
43
37% Feb
650
18
29%
'r'
111
270
Stores^£w^_^„_j.^—
28
734^''
18
■
;
0
:
1%
r
19%
'•
_•
152%
.
Feb
.48% Feb
78'-Febv;
r-'lO
•
a44%'
Nestle Le- Mur class Ai——
Stone
a49W.p49%;
85
,..85
alO -alO ^
.
Cooperage
Bros
Jan
i»y« •Jan
Feb 7
800
Drug
Jan
27
Jan
9%
-..Gray
8%
-8% Feb
2%
Jan
18%
Jan
25
250
v
■
"
*148%;s;
,,
.
18%
<
Feb
200
7
>
Jan
Feb
7% Feb/;
-500
.
2%
10%
38%
?V''-
--
7
8%.r;
9%
■
37%
15%
50
'..
a32% a33% "J.r
jGta9dtich;(B:F)'^
Y;15'7.;
550
25
'•
4—
25
1,000
7%
^
—1
16%
Feb
Feb;
11% Feb
150
12%
.
48
Jan
>24%
Jan
27
350
7
53/4
31
10 yB
500
^'
(General Eleotrtc common (Un/———•
13 77 Feb
32'
Feb
1,000
,20% Feh
-■
■
16
Jan y
al4% al4%,;;'
■ 60
'14% Feb .'-. /
V -;13%: ;'13%'-'..C^ 776^ V12% Feb • .v.VlS.Va'Jan
?; 81
Jan
'''.',79'
270:i;:.778%Jfth-
(Un)——*J
87
29%
,.
■
Eaton,' Manutocturing:'ir-__i.j.__i_l__ j:_4
Electric. Controller
•Erie>Rallroad.<U^j^^-^i-_^i-i.l;l-t,;i;
: 11%
15%
16%
:
—1
common
5
Works capital
Spiegel Inc common-.
Standard Dredging common—
Standard
Forgings common.
Standard Oil of Ind capital
:
Jan
11%
•;
Clothes
Lathe
;
Jan.
8%
87
.27%
High
3%
J'lO'-;"' Jan'
Jan
9
21%
150
10
1,000
,
'
•••
51,
Feb
11%
•
Jan
'M*G% Feb
.109%
Jan
34
27;
v"
»«
Signode Steel Strap common:
Sinclair Oil Corp
Society
:V>
9.
Corp common
','i;
Low
3%
3%!-' 3% .p;*: 100
1-,
ve a21%
■
a21% 'Wi '/i V. f 50
Consolidated Natural <Gas.( Un
9
10%
"
7';-
yy,
Feb
20
323/4
33%
I—1 •■.••-'
Range Since Januaryl
Sharas
Jan
Feb
50
13%
'••♦13
13%
-
...
common
,:r:;'v;
Feb
7;77
30
Sales
for Week
.
-31%
Feb
200
4%
-4%
.
295/«
1;
capital
-
Exchange
al49%a'l50i :
—100
Jan
••
Roebuck
Sears
common——— _1
'
,m;
Jan
.
100
7
10
;
50
7**,
■■
.
-13%
660
87
10
1
Jan
41%'^t- 215 .••/i'/40%- Feb
;^^':;.a2$%'«20%>*%£tUTVc 29% Feb-7
li^O preferred
37*A Jan
Feb 77.
6%
'
...City--Ice-'dR',
Clark;
Cleveland Cliffs - Iron
Feb
4%
Feh/y
73/4
500
17%
__100
10
49%
41
17
7% -7; 2,550
7%
17
corn--2%
common——__
22
Feb
53%
/
Feb
8%
135
1,450
yV.
15
Jan
Feb
19%
80
73/4
7%
Jan
49
Hloh
:vf.'V-!.
Chesapeake A- Ohio,; (Un.)—
Jan
24)
;
34% Feb
250
7 X35
135
:k-
8
20
19%
Feb/;;.
49
100
8%
8%
''
■
Feb
4%
250
50
common
Cummins
Schwitzer
14
600
•7
:,;7
:
American. TCI A Tel (Un) ——100
Jan
10
Feb
Feb
22,,
550
250
23
Jan
9
7%
60
•
Jan
45
•
Jan
«
■
RR capital
Peoples Gas Lt & Coke—
Perfect Circle (The) Co new
Packing
>7
1
Pennsylvania
Potter Co
8%
14%
v
■
8
4,100
-
6Q0
t
Jan
15
Jan
246
.
vr rn
American:,Coach
Jan
13
15%
Feb
13% Feb
1,000
8%
26%
Feb
JO
50
14%
"'.
22%
300
-
45%
t>
preferred. ITioo
common
Feabody Coal Co class B common
Rath
A Body™—.—-—5
American Home Products, com (Un).—_1
50%
20: >
common
Utilities 7%
Northwest
Akron Bra&s. Mfg—'Ji—/
Jan
4%
'w—"
common——
■
Jan
9%
34%
* —JO
common^
Corp
Bancor p-
19 %
49%
'v
)■>
Montgomery Ward & Co
8
Feb
.J Range
of Prices
Y *3% i•
50c
Jan
Feb
-y Y
"
Jan
14
40
.
,
'
8%
10
22
—.
6%
46%, Jan
71% Jan
75
Pdr!;.iy^f
16%
233/4
■
14
Modine
Jan
200
8%
Miller A Hart Inc common vtc
6%
Feb
6
9
13%
7%
■
Feb
96
7.%
; Week's
Last
"•:': ';r/;S»le Pries
800
10
rY
Feb
42
Friday
;
19
23%
•:
2—1
Feb
Jan M"
62 yB
14
Cleveland Stock
Feb
95
Feb
95
100
6%
8%
•
common
Mickelberr/s Food Products
Middle West Corp capital—
163/a
16
*0%
62■7
49
.
49
—
Jan
18%
7
common
Jan
42
7
•
;•
•
Jan
7%
19
19 %
14
14
♦
Jan
4%
6%
—*
common-—---
Feb
238
63%
/•
--
■
Leath
Jan
16%
32% 'Jan
20
95
—5
La Salle. Ext Univ common
58
Jan
10%
29
13
-I
Switchboard common
Kellogg
5%
Co common—
40
100
7
common— —1
Inc
Stores
Brown
Jan •
•
Randall class B
Rapid
Jan
10
20
com.
Indiana Steel Products Common—. —1
Jim
Feb
Jan
4%
*
Tool
26%
11
19%
10
100
common
Pneumatic
G
22 Va
Feb
516
43 %
62 Ve
Jan
Feb
Jan
22
Feb
&
■
54
100
16%
42 >/■
63%
A
P
16%
16%
•
.
19%
31
54
43%
—
Jan
9
29
_10
capital—*
Co
Illinois
Kahn
Jan
64%
•
58
57%
-.1
common—,
!
3%
.25
Bartlett common
Hibb Spencer
Hupp
common.——
Brew Co capital
Corp (new)—
Jan
11%
Feb
10
200
-1
(G)
Jan
16%
'
•
__
■
High
Low
'.7-100
20%
v
54
16%
ly'YiY. >'.■•'/.
—
class A (new)
Hobart
Kroger
Hammond Instrument Co common.
Heileman
Gibson Art
Y
m
4
'
Range Since January 1
Shares
High
20
20
——10
—
■
Jan
43
30 •
41%
Low
Per
Eagle-Picher
Jan
Feb
28
300
41%
V
:
8%
Feb
7%
850
8
:
High
Low
High
Low
common__ .—1
Co
Refrigerator
Range Since January 1
for Week
of Prices
gale Price
STOCKS-
Sales
Week's
Range
Last
Shares
of Prices
Par
Gibson
Friday
for Week
Range
Sale Frlea
:. ■ ■1
STOCKS—
-
-
FEBRUARY 20
ENDED
Sales
Week's
Last
WEEK
FOR
RANGE
Friday
Monday, February 23, 1948
FINANCIAL CHRONICLE
81
-
•
7%
1
i
6%
40
40-
400
53
53
211
Brewing
.—;
1
"7
Jan
King-Seeley
—
1
6%
7%
5%
1
.1
common
5%
800
4%
500
4%
14
14
7%
10%
5%
1,440
10
Jan
Jan
5%
Manufacturing class A——_*
Motors common
Graham-Paige
:—
Hoskins Manufacturing common—__2%
Howell
Electric --;
—>—50
Kaiser-Frazer common
1
Jan
6%
4,885
428
-
39%
53
6 3/i
Feb
40
Feb
57%
Jail
Feb
8%
Jan
5%
Feb
4'A
Feb
.14
Feb
7
Jan
Feb
53/4
Jan
5%
Jan
15
-
7%
Jan
Feb
7%
1,300
10%
11V4
2,050
103/g
Feb
15
13
133/2
620
12%
Feb
l4l% Jan
7
.
Jan
!'.'v
Volume
107
Number 4675
\
'
THE
•
COMMERCIAL
&
FINANCIAL
OTHER STOCK
FOR
RANGE
Week's
Friday
Last
;
KP/ir-
Kinsel
Drug
Lansing
Masco
Stamping
Screw
McAleer
Michigan
Motor
*-Ai
1 'r
Oil
.
common
'■
__-/L*.
common
V*'
1%
1
3%
/
Jan
Jan
,1%
Feb
1%
Jan
Feb
6%
Feb
2
Jan
1%
Jan
600
;
t
.
,
1%
Feb //
1%
1%
Feb
21%
:100
Jan
:
,100
\
;
Jan
24
A
Week's
Per
Mining Stocks—
■
Calumet Gold Mines
Imperial
Ltd
Stocks—
Range Since January 1
....
1
Lots
12c
1,000
3c
4%e
11,200
*
7%
1
Mill./
Rolling
High
v:' 12c
American Radiator & Stand San Corp.*
American
Shares
-
Packara
Park
Car
Motor
Chemical
Parke,
Davis
Peninsuiar
Reo
common—...,—2
Motors
Rickcl
common
5%
.
_
Paper
Scotten-Dillon
common.
5%
v
1,100
25%
3%
3%
7%
I
common
Tube
class
Timken-Dctroit
Axle
common.
7%
6%
Jan
7%
Feb
3%
Feb
4
Jan
7%
100
,
-
8%
Feb
150
2%
Feb
18 V4
18%
18%
1
10
10
10% ;:
530
Feb
Jan
8%
10
Jan'
3
-
Jan
18%
Feb
19%
7%
Armour
Feb
12
Jan
17%
17%
Jan
Avco
Co
&
—
149 »/a
Topeka
Mfg
14
Co
7%
Jan
T%
Jan
13
Feb
14%
Jan
27%
Feb
27%
Feb
12
52%
Jan
56
Jan
5
12
Fe Ry__100
Santa
a87%
Corp
3
Baldwin Locomotive Works
Barnsdall
Oil
50
2,421
•
149
74
304
152%
Feb
a—
'
Jan
a—
i.._
Feb
34%
Jan
12
Feb
14%
Jan
128
12
32
175
'
a87% a88%
91
4%
4%
13%
13%
33
Jan
97%
Jan
4%
350
Feb
5%
Jan
100
12%
Feb
15%
Jan
33
175
33'A
Feb
35%
Jan
a26% a26%
25
27%
Feb
29%
Jan
1,022
31%
Feb
35
a21%
31% 32%
a21% a21%
a39
a38% a40%
__
5
—
5
—
*
—
5
15
Corp
150
12
—
13
:
Company
Aviation
Bendix
149 %
a30% a31%
a31
:
&
Jan
220
>
.
a47% a48%
—.
50
(111)
5c
172
27'/a
100
Copper Mining
Jan
Feb
27%
al3'Aal3%
•
Viscose Corp
Anaconda
Jan
10
Co
Tel & Tel Co
American
Feb
25%
Refining
&
17c
a49% a49%
',/*•
10
American
Atchison
25%
320
8%
2%
5
common
Jan
Jan
100
2%
•:
j
.
,
Jan
3%
33%
Feb
4%
,
4%
Feb
Feb
A
266
»
.8.%
,
B
Feb-\:.v
3 V*
29
Smelting
Jan
2%
'
5
i_—-
4%
748
■
Standard
Feb
450
25%
3%
2%
>
535
3%
29%
••»;■;
4%
__1
._
—HA,
Raisin
,200
.'
4% ,•4% V
.'•29
Products—
2%
3%
:.v,
3%V
—
W)
(H
River
4'A
7.
t
i—A—
Metal
Amer
2V*--
Feb
3c
«
National Stamping
High
12c
-
,
Airlines
American
Low
„25c
'
-
fsr Weak
tf Prices
-/V''."
■-/"
Company—i_.L:_10c
Development Co
Unlisted
Bales
Rang*
(
Sale Pries
High
Feb
"6%
••
100
%
23%"- ;237A
*\V
1%
,:.;3% Feb,
400
,
/l'A- -i
•!%>-
v.
/.
Friday
Last
,200
i>
6%
lJAs
Sugar ■■common.L^;;
Products
3
;
6%
;
mmU.'
•
'
V
35
20
STOCKS—v
400
1%'
——-.V———
McClanahan
l'A
;■-*/:••'/W 3'A
FEBRUARY
>
r
(875)
EXCHANGES
ENDED
-
Shares
Hioh
l'A
v.—
Products
pfd
Low
.__A—1
.
/ Sales
M
v,.
v for Week
Range
(of Prices
Sal* Price
WEEK
CHRONICLE
'
''
"Jv
Udylite
U
S
U
Graphite
S
* *•
<
t
uLiLl*
Corporation
.'AAli-itrAi
common
13
Radiator common—A*AA-H
Preferred
Warner
•13'A
Aircraft
_
common
J-
ij.
,100
Feb
•;
13%
Feb,
■A-65
60%
Feb
100
1%
>/l%>:!. 1%
.
13
300 5
;
13%
60%
60 »A
-:r
.
?A 13%
■>13V2'
*
_
1,162
K
•
./
Jan
Boeing Airplane Company
Borden Company
Budd Co
2.
:x: Jan
Canadian
Case
Cities
Sitock ExiBhaitjge
Los Hingelc!S
W,>-••••-v»•
Pacific Railway Co
4
0 STOCK*-.
Sale Pries r
;■+}:{
|%■'/■
Oil
Bendix
.1,300
.—1—-
Co
Home
Blue Diamond Corp-
1
Jan
Jan
Feb
12
2,560.
10%
Feb
12%
Jan
180.
17%
Feb
17%
Feb
6%
-
,
7.00
.
4,895
..
Byron Jackson Co—^
29
L W—"v"
—
Certain-teed Products Corp-i-.-^-v- —-1
Chrysler Corp
29
23.%
.
a53%
a53% a55%-.
.2.50
Jan
Jan
•('•'15
Jan
26
Feb
26
Feb
125
Feb
Jan
Feb;:.
54 Va
-
31% Jan
;
63%
;
f
Colorado, Fuel- & Iron Corp common-A*Preferred
„
al6
•
•
•
Steel
Douglas
a ■
,x
Corp
Creameries of America, Inc
,>
Industries
Electrical
Derrick
Exeter
Oil
Farmers
&
_50c
class
Merchants
&
Farnsworth
Tele
Fitzsimmons
Stores
13%
5
class
Bank. -100
Corp
A
Hilton
Co
Oil
A
Intercoast
Jade
Oil
Inc
Lincoln
—tw
1
2.40
Corp
—
10
.'»'
Corp
Company.
-
1—.
1
Aircraft
400
97'Ac
Feb
22c
Jan
30c ;
2,000
.11%
Corp,
Jan
22%
Feb
1.15
Feb
1.40
Jan
14%
Jan,
16'A
Jan
90c
Jan
4,200
400
,
a3
a3
7%
1%
12 Va al2'A
3
38c
40c
2.00
2.20
16%
17%
673
32
33%
2,566
.
,
1.100
Jan
Jan
38c
Feb
.
6%
preferred—i
1st
5V2%
.^-25
1st preferred—
Pacific
33%
^25
_L
8%
Feb
1.95
45c
Feb
16%
Feb
32
Feb
,
Jan
2.85
19
Jan
Jan
36
Jan
30%
100
30%
Feb
•30%
Feb
6,028
hi
Feb
18/32
Feb
Indemnity Company
—10.
Feb.
35 V2
31
316
31
Feb
31V* Feb
Yi
a48% a48%
a51% a51%
49
a43 % a44 Va
a—
•
.
—
1
V* '
#
Republic
33%
a51%
.—10
Puget Sound Pulp & Timber Co.
510
a43
.
*
Pacific Lighting Corp common
Pacific Western Oil Corp
34 V*
31
•
Feb
51%
a37%a37y4
Continental Oil Co
Jan
51 y2
Feb
53
Feb
common
Drug Inc
Rice Ranch Oil Co
Richfield
Oil
*—2.50
;
common,.—;
Ryan Aeronautical Company
Finance
Security
Sierra
Co
Class
"A"
Electric
General
—,1
Electric
Corp—
General
Public
Utilities Corp
(B F)
Greyhound Corporation
Iron Corp
International Nickel Co of
Signal
i
Petroleum
Co
of
Calif-.
Sinclair Oil Corp__—
Solar Aircraft
126%
*
,,
Jan
Southern Calif Edison
Original preferred
4.48%
Co Ltd
com
preferred—
4.32%' cumulative preferred
So Calif Gas Co 6% pfd A
Southern
Pacific
Company—,
Standard
Oil
of
Co
51
48
J
12c
122
Feb
16o.
136
a
660
15 Va
Feb
18%
,200
8%
Feb
j.10%
Jan
9
16Va
McKesson
Robbins
&
Nat
Distillers
j.
InC-'_-,_—2
Prod
—
1°
12'/4
Feb
■
--18
Inc
a49%
19
19
13
13%
Corp
•
North
American
North
American Company
Northern
Aviation
Pacific
1
Inc——
10
Rwy Co
Pan
Motor
*
Co
Car
Airways Corp
Pictures, Inc
Pennsylvania
Pepsi-Cola
Phelps
Railroad
Co
50
-
al6%
33 %
Corporation
Pullman,
Company
of America
Pictures
-*
Republic
Republic Steel Corp
Seaboard Oil Company of Del
Railway Company
Brands
24%
,
..
—
—.
y
^
>
450
312
19%
'
f
;
,
'
Jan
Jan
47 V Jan
a—
—
25%
Feb
3%
—
Jan
30
2Feb
8
/
Jan
Jan
Jan
22
Feb
a—
2
270
9% Jan
57
Feb
3%
Feb
22% Feb
250
,
a36%a38%
15%
15%
35'A
35'A
a24a24%
—
i'**
'
13
24%
15%
•
—!
»•
17!/4
Feb
—
*
5
9%
20
Jan
26V2
8%
3'/2
*
—,
172
18
8
3V'2
15
:,
Southern
30% Feb
•
Feb
42'%
25%
Jan
19% Feb
Feb
105
—
Jan
16%
Feb
8%
18'/2
480
26
•
4 Va
60
70
a46% a46%
—
•
•
—,
10%
,
26% Feb
20
—
Radio Corp
Inc
18
-
Jan
15% Jan
Jan
a42% a42%
—
Jan
20
,
17% Feb
560
V
Jan
52^1 Jan
2
Feb
15%
,
Feb
9%
18
a—
13
; Feb
Vy 9 % Feb
450.
4%
Feb
4%
48% Feb
19
35
al6% al7%
18%
25
--2
Incorporated
Oil
Pure
al8%
Jan
-
a—
v
69
a8%
a8%
al83/4 al8%
—
1
Co
Dodge
4'/e
—
2.50
Feb
46 '/a
Feb
452
,*
,
12y.|
?.
Feb
80
18
a28a28'/a
a28
8%
I6V2
280
/
17%
—
Feb
192
a50
a9V4
aOVi
al5% al5%
—
,
al5%
•
American
Paramount
;k
100»
Ohio Oil Company
Packard
—
4%
35
2
__
10% Jan
27
Feb
330
a33a33]/2
—>
•
38
26% Feb42 V» Feb
250
19
& Co.
Central RR^
New York
Standard Oil Co
Standard
Oil
(Ind)
Co
25
(N J)
Texas
26%
Jan
a__
a—
—.
480
5
-
Feb
16%
Jan
35V*
Feb
35'A
Feb
110
I-;
15
100
25'A
Feb
n'',«y
'
Tide
Gulf
71%
~
.
'
'
27%
I
'
'
t
Jan
''*
.
,
Sulphur Co
.
10
Co—
Carbide
Union
Pacific Railroad Co
Carbon
&
United Aircraft
Corp
Air Lines
Corporation
a23%
Feb '
32
Feb
36%
Jan
53 Vs
420
53 %
Feb
55%
Jan
49%
175
49%
55'A
Jan
75
19%
Feb
23'A
Jan
445
19%
Feb
19%
19%
130
95
■
-
Feb
-HA.!
a—
Feb
a__
—
1
156%
Jan
a23% a24JA
lo
Pictures Inc
20% Jaa
17%
a96%a98y8
al55'/8 al57%
al55ya
.--5
(Del)
Jan
100
al9% al9Mi
—
100
Inc
78
32
19%
•
Corp—
United
Jan
Feb
49'/a
—
al9%
*
Union
150"
39%
71%
330
Jan
53'A
—*
'
Associated Oil
71'A
39
32
—
25
Twentieth-Century-Fox
25
al7 al7%
—25
Water
a38% a38%
1
-
Co
Company
Texas
—
25
Studebaker Corp
Swift &
Willys-Overland
Woolworth
Co
2 3 Va
Feb
26
Jan
al7% al7%
16
Jan
17%
Jan
Feb
2%
Jan
—
2V'8
10%
5
•
al8%
12%
26
7y8
2y0
11%
2 Va
10%
26V*
7y8
7%
•
Feb
19%
Jan
20 V*
26
al8% al8%
26
156%
Feb
29%
13
Jan
Jan
Motors Inc
(F
1
W)
——HO
Feb
45%
a43% a44%
Friday
Last
STOCKS—
Sale Pries
.
American
Tel
29%
Jan
Baldwin
37
Jan
37
Jan
Budd
28%
Jan
Tel
&
.
Chrysler Corp
27%,
1,008
25 Va
621
22%
Jan
25%
Feb
33
186
33
Feb
34%
_
100
.
Locomotive
Co
Par
«
Stores
Feb
27%
43%
7 Va
Jan
r
Feb
Jan
Jan
9
45%
Jan
Philadelphia Stock Exehange
26%
Works
_
_
13.
Week's
Rang*
LOW
23%
149%
Sales
for Week
of Prices
23%
Low
High
240
23%
Feb
149% 150%
1,231
148%
Feb
58
12%
Feb
15%
Jan
295
8%
Feb
11
Jan
595
52 3A
Feb
63%
Jan
12'A
12%
13%
8%
8%
53%
_
Range Since January 1
23'A
8%
—
Shares
High
53%
56'A
•
25%
V
153%
Jan
Jan
Jan
45%
47%,
1,930
44%
57 %
58%
1,450
55
10%
9%
10%
2,526
,25
Libby
-
American
f."
58 %
•v"
;
y..
Feb
5% Jan
Feb
'
Feb
50
142% 142 Va
20
9»A
142%
Feb
Curtis
_
50
Jan
62% Jan
General
Feb
11%
Jan
Gimbei
142%
Feb
Lehleh Coal &
Feb
v
Jan
_
•
Publishing Co_
Motors
-13%
—
_
*
52%
7%
350
7%
Feb
9%
Jan
16%
687
15%
Feb
17%
Jan
-
-
49%
55%
Jan
Feb
52%
202
49%
8
51 %
53%
1,206
5 l'A
Feb
58%
18%
173A
18%
335
173A
Feb
21'/a
Jan
10'/a
10
10%
1,214
10
Jan
10%
Jan
5%
25
.
_10
-
_
-5
10
-
_
Corp
Brothers
7%
15%
—
Delaware Power & LightElectric Storage Battery
Feb
.
_
.
-
_
Navigation
52 3
Jan
'
Textron
Inc
50c
Transamerica
Corporation
Transcon & Western Air
Union
Oil
United
California
States
Universal
Western
of
Steel
Lines
For footnotes
see
Oil Co_—
page 42.
11
25
12% al2%
11
al8%
-
10
1
22 Va
21%
69 Va
common
Inc_
a
5
Corp
Consolidated
Air
2
Inc—-.
Lehigh Valley RR
!-.
69 %
40
39
7%
13%
Feb
16
Feb
13%
Jan
18%
Jan
20
Jan
pennroad
1,613
21%
Feb
26%
Jan
Pennsylvania
697
69 %
Feb
77%
Jan
2,010
39
Feb
45
Jan
175
7
Pennsylvania RR
Pennsylvania Salt Mfg common
Pep Boys-
1,855
18%
17
22'/a
70'
40
7%
-
--
5%
Jan
11-
50
11%
a
_50
.
—
1
Jan
7%
Jan
*
National Power & Light
_
_
1
Power
&
_
_
__
__
_
50
-
.
tt
Feb
5%
.
_
Jan
6
%
Jan
%
2,681
Jan
6%
Jan
1,397
18
Jan
19%
16%
16%
17%
3,769
16%
Feb
20'/a
Jan
47
Jan
5%
]l
6
10
10
.
.
Feb
18%
n
6
•
Light
;;; 4 %
18%
.
Corp
'
Jan
51%
Y
Feb
38
45
105
12%
Feb
4ya
•
130
Jan
ft—
Feb
51%
100
Feb
35%
/..-v.-
—u
11%
*
5% Jan
20
Feb
■
9%
Feb
"
Jan
/"I1/* Feb
Feb
32%
a—
100
8%
16ya
&
Jan
46%
:)
'
16%
McNeil
Loew's Inc
Jan
24%
25 %
51%
a26 a26%
—
9%
•
680
7
•
Libby,
Jan
33
25
25
'■
242
v
100
Jan
*
(Calif)_i
,
40c
♦
—
Jan
Jan
10
200
1,065
-
—
30%
Feb
33c
2,054
33'/a
4%
Jan
37
Jan
a—
—
4% Feb -f-'
20
Feb •
160
4%
Jan
Feb
27%
8%
Feb!
Jan
17%
37%
3,771
9Va
27%
20'A
Feb
Feb
26%
27%
Feb
19%
15%
:
Jan
Jan
32%
37
25
Jan
5Vt
1
Calif
Superior Oil Company
26%
25
—
convertible
Sunrav OH Corp_„
25
17%
Feb
371
16
:V\/V !
Jan
1.10 Jan
1,235,,
160
8%
Company-y.-i--i_r;i——i:
Feb
4'A
7,800
'/*-
4%
Feb
15%
20
; :"
4
Gas Light—:
250
125
20
9%
Laclede
United
87 %c
200
40
795
17
15 Va
22%
Feb
alOVa alOVi
all% all%
alOVs
<
7%
a—
7ya
44
600
35c
Jan
2% Jan
Feb
42 V2
95c
33c.
Feb
27%
—
Westinghouse Electric Corp
13c
28%
21%
'
85
•
Western Union Teleg Co class A
125 126T«
11%
Jan
Feb
150
Kennecott Copper Corp
Feb
12c
*
Feb
2%
'75
4%
4%
38V
38
-
Canada—•
Jan
48
Jan
a4'A
51%
_-/■
1
3
1
;
Interlake
7»A
'
10%
27%
v
150
32%'
—
:___1
Feb
48
i-..
Jan
168
a34% a35%
11%
12
11%.
—-2_*
Ry Co pfd—
5%
16
36%
70
20
__
Co
Graham-Paige Motors Corp
1,070
15%
Jan
TV*
..
a35
*
6'A
,
Feb
Jan
36%
'
35
' 9%
—•
26%
4 V*"
Jan
37%
58%
a4%
—V
'
Corp
38%
'
25c
r
Co
Foods
Feb
v
r:iilv
;
Jan
17 :
12%
Jan
7%
2-5
a
-
1
Co
22%
•::rl < i.-,:33%'; 33%.
30
Signal Oil & Ggs Co A>——•
-
1.5%
::j- v'^
Share
&
General
Goodrich
7%
.
Bond
38%
4'A
Jan
*
Jan
58%
600
a27% a27% "l') "
—*
Curtiss-Wright Corp common,,-"---,
410
al8% al8%
—1
—
■
4%
5
Co
ffr
———5,-,
Trading
'
11,
Jan
10%
37% 'Feb
7
a49
—
26'A
87'Ac
.
*
1
Safeway Stores Inc
Seaboard
'
1
Corp
Sears Roebuck &
{ 5%
—
41
25
a6%
a48%
5
5%
__
a6%
—-5
26
__
—
__L..-.l
(Del)--;
Curtiss Publishing Co—
Warner Bros
Petroleum Co
Rexall
;•
Crown Zellerbach Corp„„_
V
Jan
18/32
33%
a—
Jan
hi
12
.
•
Y)
(N
Standard
V.
20c
'
•
Rights.--———;
>
Feb
50
alO'A al0%
a25%
a26
2%
2%
21%
21%
25
Corp___
8ocony-Vacuum Oil Co
30%
t
—_
Jan
6%
6,250
*
3%
8%
a
16c
250
Jan
•
a—
1,500
.
Jan
Jan
1.20
Feb
Jan
1%
.
7% Feb
■
150
18c.
186
7% • ,--7%
1.25
Jan
95c
200
2.15
25
w i—
,
60
77/8
y 'i'„
common—
Jan
20%
1.15
10
Feb
20
1
,
..
Jan
975
<
1.00
a
1.25
34c
4,225
1.30
14%
2.000
;
•,17%
Feb
15
1%
al2%
Jan
Feb
1.10
,
21
-
9%
227/a
a
Jan
Feb
7,805
1%
.
1
common
Elec
common
1.05
1
Finance Corp
New
Feb
14%
2.60
Feb
15%
1.10
—..1,
—
&
15%
1.15
1
1
_
Ltd
Inc
Petroleum
Oceanic Oil Co
Jan
445
1.20
!'{iy,
.
f /
Feb
1.55
350
14%
a
1
Corporation
12%
16%
21%
.--•'v..".
—
—
National Mallison Fabrics
705
10,360
,
;
15%
29C
I
•
Jan
1%
—
_
Co
City Lines Inc
Gas
Jan
100%
9%
1.30
—1
National
Pacific
43%
Feb
•'
21%
10c
—
L
Monogram Pictures Corp—j.
Pacific
Jan
Feb
92%
9%
—
Co
Corp
Petroleum
Occidental
57%
42
,
1.00
.
:
Manufacturing Co
Nordon
Feb
Jan
100
2.60
100
'/'■
Jan
9%
Feb
52'A
Jan
7%
665
,12%
Co
Montgomery Ward
310
15%
A
1
Mascot Oil Company—
Northrop
Jan
*
16'A
6. 66%
10c
Aircraft
Merchants
Jan
95c
42'A
2.05
v
_
common
Petroleum
Menasco
11%
,.
Feb
8%
Jan
14% Jan
Feb
"
Jan
24% jap
Fel?
57/a
Jan
92%
12%
'
-
»
Petroleum
Lockheed
718
53%
Jan/;
13.»/jfc 'Feb. y
295
150
-
/
Feb
Jan
42
.-A.S'
—
Company
Kaiser-Frazer
Lane-Wells
8%
52% /;■
-52%
•'
...32%
-.12%
21%
62 %c
60
,
v
Feb
;! Ml-
48
..
92%
Corp
Motor Car Co
Foods
380
a6'/a. '
a6
Edison
Great Northern
17%. Jan
Feb-
Feb
Jan
....
'
Hotels
Hudson
.
400
I'V-t
52%
90
1,350
common.
Holly Development Co
Hunt
<
Feb..
50'A
'
'
•
■
" ; .14%
Feb
U%
20
-
11'/a
1
Motors Corp common..
—10
Goodyear Tire <fc Rubber Co common—*
750
297% 297% ;
V
29%
62'Ac 67'Ac
.
297%
I,) A.V
General
Hancock
11
11
•';■! 16 A
700
,-v
14:
13%
.
62'Ac.
Nat'l
a24
a23
,
13%
125
.
•
11%. "11%,.
•;:
V
-
A
Radio
&
■r'*f
i
4
Corp—
Equipment Co
Ltd
Co
30%
a52% a52%
Inc
Products
Emsco
200
al6%v/: ;
29'A
Aircraft Company Inc
Dresser
13 %
13%
,
-20
-
Consolidated
J Feb
29
Jan.
..13%
50
.
Feb
28
i
500
.
.al37A, al37/a-./'
J7Y®
.13%
Feb
130
23%
,
•a 13,%
Feb
11%
100'
,,
»
Califbrnia Packing Corp commonCentral Investment Corp
—20.
6>A
.7%-Feb
:
682:
.
Southern
&
Continental Motors Corp
£ 6%
77 %c
4% Jan.
52 %c
17%
Chlca Oil Corp
Broadway Dept Store
"
>
,
17%
Bol»a
>
.
.^:^50Q^
1134
Appliances--^—
—
Jan
8%
Range Since January 1
VH LOW
55c 57 %c
41
a32% a32%
al0%
Commonwealth
Consolidated
.Share* *}
a._
147
a53% a53%
-
10
—.'
100
365
"'*•
8'%
11% 11%
a37% a37%
—
—
a53%
•
Service Company.-.
Commonwealth
High
Bandlni Petroleum^ Company^-*
/Barnhart-MorroW' Consolidated
Basin
of Prices
v
1
25
Columbia Gas & Electric Corp.
Edison Company
1
.^
Week's A •/ Sales '.-7
Last■?. Range
fsr Week
Friday
:
25
i
Co—
Tractor
8%
—
* Jan
-?y'
■•v.-
••
*
,
(J I) Co
Caterpillar
1
(The)
Jan
.63
Feb';:.>;
Bethlehem Steel Corp
41 %
40%
41%
100
40%
Feb
1
4%
43A
43A
100
4'A
Jan
"
5%
Jan
Jan
36
COMMERCIAL & FINANCIAL
THE
(876)
CHRONICLE
Monday, February 23, 1948
OTHER STOCK EXCHANGES
RANGE
FEBRUARY
FOR WEEK ENDED
20
"■
v-
Friday
Week'*
Range
Laat
Laat
/■-'V
Sales
Week's
Friday
Sales
for Week
(•r Week
Range
'
Bala Prioe
STOCKS—
:
'
$1 preference common
Philco Corp common
Scott
Paper
common
Sun Oil Co-
Jan
Di
24%
Jan
33%
20
Jan
Jan
$3 cum preferred—i.
Doernbecher Mfg Co__
Feb
44%
Feb
57%
Jan
El
65
Feb
Ewa
22'/a
23%
497
22%
Feb
29
28%
29%
222
28
Jan
17'/a
17V8
17 Va
100
16%
Feb
41%
4m.
42%
409
41%
51%
51%
52%
273
51%
21V4
237a
Feb
62
20
63
Dow Chemical
62
Feb
1
Jan
Co common
United
Corp
United
Gas
Westmoreland
12%
Jan
14
1,200:
a33
a34
ho
a33%,
Jan
58 V2
Jan
Feb
58 y2
.
I.
58
v
7% Feb
8%
Jan
Feb
37%
Jan
19%
Jan
35
.
15V2
16
18%
32
32
33%
1,453
2.40
2.40
2.80
1,400
18
18
100
5%
*
6%
18%
2,295
Feb
*'
1
Corp
Plantation
20
Co__,
31%
Feb
Jan
40
3 A
Jan
2iy2
Jan
Feb
7%
Jan
Jan
37 Va
Jan
Feb
2.40
,
Feb
18
Feb
1%
4
4%
2,177
4
Jan
4%
Jan
Food
2
2%
85
2
Feb
2%
Jan
Foster
20%
21%
564
20%
Feb
22%
22%
84
22%
Feb„
24
Feb
Radio—.
&
1
"tr
a34% a35%
10
;
805
5%
98
37
Feb
22%
Television
Machinery Corp
Inc
—
& Kleiser common
Galland
Linen
Service
5%
5%
2%
_2
com.__
,
Feb
6
Jan
5y» Jan
,140
6
Feb
5%
.
320
5%
5%
-
.
,
'
General
Motors Corp
common
lo
52%
52%
771
52%
Feb
57%
Jan
General
Paint
common——*1
20%
21
,437
19 y2
Jan
23
Jan
25%
25%
25%
180
24%
Feb
30
Jan
16%
15%
17%
15%
Feb
19 y8
Jan
Corp
Gladding McBean & Co„
■
< •
•
"
Week's
Friday
' ' ;•
...
.'
.
^
t
*«
■
Last
•;
Commercial
Steel
Follansbee
Lone
■r;)
(Joseph)
*131/8
Feb
15 y8
Jan
Honolulu
10%
Feb
12
Jan
Hudson Motor Car Co
Hunt
y8
525
25 y8
35
2
Feb
30%
Jan
2
23%
2'/a
Feb
Feb
391/4
.
10
Mountain Fuel Supply—)—---.^
National
20
—
Kaiser-Frazer
Feb
26%
Jan
40%
Jan
45
Feb
18'%
108
18%
Feb
20%
Jan
6 V'B
400
6'/8
Feb
6%
Feb
Leslie Salt Co
14%
Jan
LeTourneau
879
.
Feb
12
4
300
4
Feb
5
Jan
65c
120
65c
Feb
65c
Feb
Pittsburgh
Pitts
Screw
43
34%
Plate Glass
& Bolt Corp.
35%
8%
8%
60 Va
60 Va
11c
13c
12
3%
158
3%
41
-
__
(R
G)
Inc
___..
Libby McNeill & Libby
Aircraft Corp
San
pfd
—
100
1
Mining
Standard Steel Spring—
Toy
V
.
12
12
333
<
Jan
3%
_
Feb
52%
Jan
__
33%
-12.50
Magnavox
American
Inv
:
1
common
r."
•
3
_
preferred.——.
27%
100
Electric
General
•
<Un>
Shoe
——;
Laclede Gas
5
1
a
_.
McQuay-Norris
common
_
North
American
Rice-Stix
2nd
_
20
8%
1,
Feb
Feb
Jan
480
3%
Feb
3%
9%
496
9%
Feb
11%
Feb
24%
25%
30
Jan
Jan
10
15
15%
1,880
14%
Jan
15c
Jan
National
1
9
9%
590
"8%
12
Feb
15
Jan
Natomas Company
/
Fibres
Auto
Park
common
American
North
American
Coast
Oil
535
liy8
Feb
11%
Jan
1.55
100
1.55
Feb
1.70
Jan
74
74
10
34%
35
450
*
10%
11
690
4%
4%
100
16,312
Cons—
Aggregates
common
Rights
6%
Range Since January 1
Pacific
■■A' /.'': JEfU/f*
Low
Jan
13%
120
$5
Jan
15
60
40
Feb
Feb
32
Jan
Feb
114
Feb
114
v
32%
Feb
40 y2
Jan
10%
Feb
11%
4%
Feb
Feb
31%
Jan :<
Jan
6
36%
Jan
30%
Feb
33%
30%
310
J?
17,563
hi
Feb
J!!
Feb
33%
34%
2,266
33%
Jan
35%
Jan
31
31%
1,177.
Jan
31%
25
_
29
29%
230
51%
51%
Lighting Corp common
preferred
•
101%
Service—
——*
preferred
24
—
51%
Feb
Feb
Jan
53%
101%
103'/4
Jan
Jan
Feb
15
Jan
24
Feb
251/4
Jan
Feb
97
Jan
305
24
Jan
31%
:w 12%
225
I
Feb
29
.78
v
12%
Feb
e>30y2
289
102
12%
•
—
30%
Jan
8%
7%
27%
175
Jan
hi
preferred
Public
80
31%
.
div
Pacific
Feb
74
10
25
—-25
i.
preferred
1st preferred
1st
V
30%
25
L__
w
1st
5%
High
w
Jan
11%
pfd—-100
6%
Invest
Jan
10%
1.55
Oliver Utd Filters class B
Feb
16%
Feb
5
North
Jan
Jan
Feb
25%
Feb
11 V's
:
30
32%
Jan
—*
Co
37%
36
1.80
:___1
—
Mining
Jan
Jan
150
7%
15
Jan
15%
Western
Feb
35%
Oil
91
110
,r
a_*_
—
360
69%
Feb
75
Jan
22%
200
22%
Feb
22%
Feb
69%
69%
22%
-—_—*
90
78
a41% a44%
a44%
10
Corp__
common
>
Jan
70
Co's
90%
100
Pac Tel & Tel common-
Pacific
Feb
32%
New
common
22%
———
51%
Feb
58%
Jan
10
11
296
10
Feb
12
Jan
25%
84
27%
Feb
31%
Jan
Phillips
•
57%
57%
270
55%
Feb
61'A
Jan
43
60
40
Jan
43
Feb
Pig'n Whistle conv prior pfd——7.50
15%
15%
70
13%
Jan
15%
Feb
40
1,162
36%
Feb
43%
Jan
7%
1,066
52%
•
34
33
400
Philippine Long Dist Tel Co.——100
Petroleum
Co
Jan
35
38%
•
Jan
7%
7%
100
49%
49%
50
1
22%
24
537
31%
31%
291
26%
Feb
30
Jan
41%
Feb
45y8
Jan
100
2%
Feb
3%
Feb
11%
110
11%
Feb
12
Jan
Feb
10
Jan
Republic Petroleum Co common
1
Feb
16
Feb
Rheem
1
0
8
200
8
14%
60
Preferred
Raypnier
Incorp
Preferred
common——-
25
—
Manufacturing Co
4%
200
4%
Feb
5%
Jan
165
19%
Feb
23%
40
18%
Feb.
19
Jan
Safeway
14
Feb
16
Jan
San Mauricio
15%
Jan
17%
Jan
Sears,
Feb
Shell
19%
100
18 %
14
200'
15%
25
16
70
131
10
131
—
10%
Jan
54
Jan
Feb
30 '/a
Jan
Feb
33%
Jan
49
•
:.v
26
105
23%
Feb
26
Feb
21%
426
20%
Feb
23%
Jan
17%
182
15%
Jan
18
Jan
330
17
Feb
18'/2
Jan
18%
Feb
26
20%
16%
Jan
20%
14
14
:
Feb
31%
189
22%
190
227
2%
Jan
22%
7%
Railway Equipment & Realty Co com-*
27
42%
15%
Richfield Oil Corp
131
Feb
131
a
,10
685
20%
Jan
10c
11c
54,500
9c
Jan.
13c
Feb
•
33%
33%
305
32%
Feb
36%
15
"immon
31
31
103
30%
Feb
35%, Jan
19
18%
19
•
IOC
.
Ol1
17
17
V-..)--;.)
Stores, Inc common
—5
Mining
_10 pesos
Roebuck & Co capital
Union
a
122
122
25
122
Feb
140
Jan
Jan
Signal Ofl & Gas Co class "A"—
..50
St Louis Public Service class A
Securities
Feb
32%
Feb
Investment
Sterling Aluminum
preferred- -100
95%
5
95%
Feb
100
16
Feb
19
Jan
36%
Jan
13
13
13%
310
13
Feb
14 y4
5
•28%
28%
29%
1,236
28
Feb
33%
_.25
24%
24%
24%
252
22%
Jan
25
48
49
218
48
Feb
55%
Jan
27%
27%
215
33
33
47
47%
22
22
Southern Calif Edison
cum
4.48%
Feb
convertible preferred
preferred.—.
Gas Co
Southern Cal
pfd
scr
—25
25
A
Pacific Co_
Southern
•
Friday
Week's
Range
Last
STOCKS—
Sale Price
'
Par
.
Calif National Bank
Imp Diesel Engine.
Anglo
Atlas
20 /
2.50
29%
6"%
Bank of California N A-__—_____100
Bendix Home
Appliances
Bishop Oil Co
Byron Jackson Co
Calamba
Ink
2
♦
Co
__
-w-"
__
*
28%
Clorox Chemical Co—
Colorado Fuel
__
_*
__
&
Iron
Vultee
Consolidated
Chem Ind A__—
Corp.
29
720'
6%
240
65
240
al7% al7%
60
a__
1
6%
6%
a24% a25%
7%
Feb
32%
-7%
Jan
Feb
48
Creameries of Amer Inc common
Crocker First Nat l Bank
Feb
8%
Jan
34
53%
54
48
Jan
51
.
Feb
33%
Jan
52
Feb
53y2 Feb
53%
Feb
58
Jan
23
Feb
15% Jan
a23% a23%
80
—
Ffeb
38%
40
660
38%
Feb
42y2
Jan
1
100
7%
7%
888
.7%
Feb
8%
286%
Feb
,
.
„—1
Victor Equipment Co
Wells
—
Fargo Bank & U T
Pacific
Western
Preferred
.
286% 286 3 4
5
a29% a29%
common-——-*'
RR
15
a__
20
.
301
a—
Jan
Jan
Jan
-__
;—______1
10
10
190
10
Jan
11
Jan
25
27%
27%
20
27%
Feb
27%
Feb
24% Feb
———_—-——
Unlisted Securities-—
•
Air Reduction Co
———1
Alleghany Corp
a__
■
■(
a
_—
American Airlines
Power
——1
&
—___—20
Lights—1.
American Radiator & Std San
American
Smelting
Refining
&
American Tel & Tel Co
American Viscoe Corp
270
366
39
Feb
43
103%
Jan
10
Universal Consolidated Oil
28% Jan
3,149
71
126
26%
Jan
14% Jan
27"%
92%
104
Feb
18%
Feb
91%
Feb
21%
T8
Jan
27V*
21
Feb
12%
92%
13%
Feb
28'%
27y4
Feb
Jan
Jan
50
5
Jan
11
16%
15%
135
15
7,901
69
a26 a26%
679
11%
16%
al2% a24%
-
11
al8% a 18%
683
American Factors Ltd
Feb
13%
350
Jan
330
American
20y2
50
11%
24
535
Jan
1.30 Jan
159
350
Feb
18%
21
1.00 Feb
al3% al3%
11%
19%
70%
21
11%
311
16%
Jan
"40
4%
19%
18y4
62
39
Jan
19%
70 ya
Feb
4%
%
15%
54%
—
62%
—•
680
„
10
Jan
_____12%
10
56
a26
Feb
Corp
Lines
55'%
—
9%
54%
Jan
28%
345
-
Jan
Jan
10
1,461
v:
Corp common
Air
2,300
__
Jan
23%
2,101
of
Yellow Cab Co common
11
j—•
7-
503
—.
*
Jan
<
—
preferred
Jan
r
50%
Feb
22 y4
Co
1.05
100
For footnotes see page 42.
7%
27%
29
Corp common
$4.20 preferred
Feb
Jan
53V2
*
_l
6%
100
49%
Feb
22
22
United
a
25y4
53Va
44
176
25
Oil
U S Steel
Jan
260
___
185
28%
__
Jan
58%
11
5
Jan
33%
Union Sugar common—
Jan
Feb
200
7%
5
Consolidated Coppermines
Zellerbach
2Vz
—25
—
Consolidated
Air
240
1,245
'
19%
28%
Feb
Calif
Union
High '
__
—3%
Edison
6%
Corp
1.00
common..—__
Columbia Broadcast System A_
Commonwealth
.
Transamerlca
*
Feb
33
565
.,
27%
12
58
a8%
58
10
2
—
Transcontinental & Western Air
Low
29Va
Associated Oil
—
__1
—2.50
Chrysler Corp
2nd
__
a25%
—.—_____l.__50
Caterpillar Tractor Co common:
Central Eureka Mining Co
Crown
—
______1
California Packing Corp common
Preferred
240
-33%
29
Water
a8%
'
Range Since January 1
.
capital
Sugar
California
—
Sales
Shares
High
6%
Tide
for Week
of Prices
Low
Standard Oil Co of Cal—
Exchange
__
1
2
Sperry Corp
Spiegel Inc common
San Francisco Stock
Jan
Co—
4.32 %
Jan
—':v.
15
common.
16
*'
Soundview Pulp Co
Jan
250
95%
-r
'v'V-0
5
Stix-Baer & Fuller common
Wagner Electric
—
common—_____ —J 1
34
--
Jan
5%
25
6%
34
'
7
350
16 %
5%
57/a
Roebuck
Sears
•
Jan
3%
14
61
159'
27%
9%
16
9%
.
Feb
26%
15
.
—
3%
.
Feb
18%
__
_
preferred-
476-
9
a—
11c
4%
—
common
(Un)
common
a__
60 Va
30
15%
$
-
_
50
a
Feb
175
8
..._5
4
Blanke common
Piping & Supply
16%
16%
al5
2%
—1
Midwest
Jan
Jan
S and, W Fine Foods Inc
Meyer
351/2
8%
11%
common
Feb
al5 '
41%
42
common
______
32
__
26%
100
2%
_
235
1.15
33%
33
34
..
Knapp-Monarch common
Laclede-Christy common
32 y4
24%
Puget Sound Pulp & Timber.
Johnson-S & Shinkle
Jan
32
709
15%
52%
'
#
Huttig S & D common
Hydraulic Pressed Brick preferred...
International Shoe common —'i—
common
25
25%
v':-— k
——
Griesedieck-Western Brewing
Johansen Shoe
Jan
43
10
General Motors common lUn)
General
23 y8
2,085
32%
32%
75
1.50
15%
1
_
common
a22
Jan
1
Calculating Machine
Mfg Co common
Paraffine
Falstaff Brewing common
28
1.40
33%
114
114
—
Feb
1
Sharea
7%
—15
common—
Feb
26%
a22
1
Shoe
Brown
Emerson Electric
9%
205
5
1st
Bank Building & Equipment com
10,697
Marchant
35
■
Jan
11%
26%
10
■
Jan
15
9%
26%
Menasco
for Week
14%
341/2
Jan
Exchange
Low
Jan
Jan
of Prices
Sale Price
34%
10
5%%
s'_
50
30 y8
Range
Par
Jan
a33% a33%
Feb
New
STOCKS—
Jan
17%
* '
«.
Co
Pacific Gas & Elec Co common
Last
Jan
20%
Feb
Feb
Pacific
St. Louis Stock
56'/2
Feb
15%
77/a
231
26 Vb
*
_
Feb
16%
339
34%
7,000
35%
33%
Steel
Alloys
Westinghouse Air Brake
Westinghouse Electric Corp—
52%
211
16
■
110
260
;
■
50
35%
335
16%
Jan
Jan
41%
Nek
Vanadium
53%
■
1
Morrison Knudsen
Pittsburgh Steel Foundry 5 %
Feb
7
Lockheed
•
»
_
Jan
2.60
10
Lyons-Magnus class B—
3%
3%
$3.50 preferred
191/4
Feb
9%
Corp common
1
Langendorf United Bk class "A,'_—*
Class B _i__
—*
4
Pitsburgh Brewing common
Feb
1.60
15%
__
21%
65c
5
Gas
16%
9,150
16
__6.66%
25
'
&
2,039
2.60
16%
20
12%
16%
*
45
;
19
52%
—*
—
com_
22%
12
Fireproofing Corp_—
Oil
Corp
6%
5
Feb
...
Jan
'
.___
16%
2.05
18%
10
—
400
16%
22%
common
Mackintosh-Hemphill
Ohio
Oil
Foods Inc
Idaho Power Co
22%
Jan
17%
16%
45
Gas
Star
25%
50
283
2
Jan
12
.
i
Jan
110
13%
—
*
Walker Refractories—
Harbison
Home
i*.
10%
24%
72%
Feb
1
Pineapple Co Ltd
%
27%
Feb
10 ya
69
10 V*
*
—
Development
13%
2%
-----
_T_—
Holly
10
1
Corp_
Hawaiian
High
Low
Inc
13%
■
26%
Range Since January 1
High
Stores
Bros
10%
*
c
Electric
&
Gas
Continental
26%
_
Co
Blaw-Knox
Columbia
•
Steel
Alleghany Ludlum
Low
66
300
66
10 %
*
;_
Corp——
121;
230
100
3
preferred
Hale
Sharea
of Prices
Par
■
.
,
for Week
Range
Bale Price
STOCKS—
4%
Greyhound
Sales
*
Golden State Co Ltd common
Pittsburgh Stock Exchange
yy:'-V>
.■j
r
"
120
—10
common
Improvement
^
190
7%
'
1%
part pfd__25
1
13%
Corp 6%
^
7%-.
-15
:.
Works——
Dorado Oil
Farnsvorth
Transit Investmt
.
*
a
•
1 Vs
■
High
Low
12%
.
a58
*
——
Emporium Capwell Co common
______
Range Since January 1
Share*
High
12%
Giorgio Fruit Corp B common ——5
Eureka
Tacony-Palmyra Bridge—
Class A participating—-^-—_
*
Tonopah Mining
______—_•
Low
Jan
21%
4,239
•f Prices
Salt Frleo
'flr
High
Low
22%
STOCKS—
Range Since January 1
22 %
3
50
•
•
Reading Co common————
Shares
High
21%
*
—*
Philadelphia Electric Co common
of Frlcea
Low
Par
,
Jan
common—.
American Woolen Co com—
4%
Feb
11%
Feb
13
365
Jan
27y4 Feb
91% Feb
34
Jan
Atchison Topeka
98
Jan
Atlas
*
14
•
50
115
24%
Feb
2%
120
2%
Feb
3%
7%
7%
410
7%
Jan
8%
25
25
31
7
155
2%
7%
.
__
7
__
Feb
7
Feb
27
8%
Jan
Jan
Jan
13
155
13
Feb
141/4 Jan
162
51%
Jan
54% Jan
149 149%
1,526
Feb
152% Jan
a49y8
149%
149
47%
Feb
50%
Feb
598
41
Feb
44%
Feb
542
31
Feb
33% Jan
a48'%
a 48%
10
42%
42%
31%
31%
4%
__
25
Jan
a50
13
__
•
100
a23% a24%
4%
488
__
Jan
Feb
*
__
■"
350
103'% Feb
5V* Jan
126Va Jan
Anaconda
Mining
Argonaut Mining Co
Armour
Copper
& Co
Corp
(HI)
_____
common—.
__
_5
5
& Santa Fe
100
—.—_—5
Avco Manufacturing Corn common—_3
__
a
12% al2%
a4%
20
a4%
,
•'•"4%
Jan
4%
Jan
12%
Feb
14 '/a
Jan
115
93
Jan
93
Jan
20
182
20
Feb
20
Feb
a4%
105
a87% a88%
20
50
4%
Feb
5y8 Jan
Volume 167
Number 4675
THE
COMMERCIAL
&
FINANCIAL
OTHER STOCK
RANGE
-V/V
f
^
Friday
/,
Week's
Range
Sale Price
STOCKS—
.
of Prices
Par
Baldwin
Locomotive
Baltimore & Ohio
Bendix Aviation
13
RR
Elair
-
new__.
Co
com
;
Ohio
Y
•
Del
31
Feb
34%
Jan
3
Feb
4%
Jan
26%
35
23
Feb
al 12
41%
3
Jan
110
Co
N
10%
Jan
40%
Feb
44%
American
Aviation
Co
Pacific
11%
Ohio
Co
Onomea
Oil
32%
Feb
35%
Jan
2%
Feb
2%
a22
250
Jan
22%
Jan
Packard
46%
87
a__
49
49%
325
49
Feb
Pan
a__
—
Feb
49%
22%
22%
100
22%
Feb
23%
188
4%
Feb
5%
Jan
26
26%
310
Feb
30%
Jan
4%
100
a38% a38%
Motor
Class B___
:
American
26
5%
Jan
Pullman
41%
Jan
33
716
32%
Feb
35%
Jan
35
292
Feb
39
Jan
25
a
95
a__
a41% a42%
4%
4%
a37% a37%
.35
350
5
28 %
■
11
4%
Feb
8
'
200
7%
Jan
3%
100
3%
Feb
25%
25%
25%
al2al2%
28%
74
__
a35% a36%
„•
Navigation Co
McBryde Sugar Co
•
,
M J & M & M Cons
10
27%
Jan
216
16
20
25
535
57
20c
SI.50
preferred
7%
14%
13%
18%
lbl/2
__
*
38
40%
of
Anglo Can Tel
Co
Corp Ltd
Argus
Can
4%
4%%
pfd
Bed
&
Pap class
Trac
Light
American
3%%
conv
British
&
Oil
British
Col
Class
Power
B
Bunding
Bubolo Gold
Burrard
Canada
ENDED
(F
,:j
Corp
Cable
Breweries
Bronze
Co Ltd
Celanese
575
23
185
21
28%
30
685
17%
17%
15
7%
7%
Canadian Ind
16%
class
26
'
■
:~Cockshutt
22
168%
Consumers
B
Feb
Feb
Feb
19%
4
Jan
26
Hamilton
Jan
Howard
Feb
18
Jan
7% Feb
8
16
%
Feb
19
Jan
28%
Feb
Feb
11
Jan
11%
12 %
510
36
37%
72
72
101%
Dominion
Coal
6%
40c
450
38c
Feb
46c
Jan
4%
5
3.900
a7%
a7%
2
26
26%
__
345
a43% a44%
.
24
4%
a—
Feb
6%
25%
a__
Feb
28%
Jan
a—
...
Week'e
Range
Low
*
Sales
for Week
of Prices
Shares
Range Since January 1
High
B
31
20
34
34
14%
25
14%
31
125
30
Feb
34%
34
15
32
Jan
34
Feb
15%
8,572
14
Feb
18%
Jan
:
Jan
common—*
23
23
25
225
23
Feb
27
20%
20
20%
300
20
Fob
21%
Jan
12
11%
12
5,698
11
Feb
12%
Jan
163% 163%
5
1%-—.
163%
Feb
pfd
100
LL-:'
101
20
26%
25
150
17%
18
95
15%
15%
*
15%
225
16
16%
875
20%
16%
Corp
Can
101
26 %
167
101
Feb
■V, 105
Jan
21
75
Jan
::"v? 28
25%
17% Feb
15%
Feb 7
-
Jan
Jan
19
Feb
Jan
17
Feb
16
20%
Jan
Jan
18
Jan
24%
,
•
com
Jan
19
•
14%
132
155
3
975
14
3
103
3
14%
600
104
*
19
103
100
Feb
20
Jan
103
Feb
108
Jan
3
Feb
4
Jan
Feb
16%
Jan
78%
common
100
inc
14%
104
30
Feb
104%
50
50
40
49%
Feb
52%
Jan
14
50
14
140
13%
Feb
<15%
Jan
304
•
14
Jan
6%
6%
■
--.■:
-
&
6%
225
25
25%
1,209
46
*
50
46
205
6 %
Feb
Jan
7
23 %
Feb
30%
Jan
46
Jan
48
Jan
43%
Jan
48%
Feb
8,182
14%
Feb
16%
Jan
Imperial Tobacco of Canada common_5
127/a
4 cw
4 'A 'jo
12%
13
1,401
12
Jan
14
Jan
25%
25%
540
24%
Jan
25%
Jan
29%
30
280
29%
Feb
32%
Jan
•
preferred
Industrial
25
Corp
AcCi.^)
class
A
■
•
preferred
Jan
,_100
International
5,560
4?
Jan
a__
—
1,740
Feb
20
Feb
23% Jan
60
33
Feb
37
10% Feb
15% Feb
13%
17
91
91
50
•
9%
9%
10%
315
9%
•
30%
30%
15
common
49
90
Jan
92
Jan
Feb
13
Jan
Jan
$4
Paper
preferred
International
Power
International
Utilities
104
44
Jan
45
Feb
Jamaica
24
23
24%
13%
13%
35
13%
14%
3,714
340
25
Jan
26
Feb
11%
Feb
13%
Jan
155
11
Feb
13
Jan
500
23
Feb
30
Feb
15
Jan
13%
Jan
15%
Jan
10
Feb
11%
Jan
34%
Jan
Feb
59
Jan
96%
Feb
96%
Feb
12%
13%
1,170
12%
Feb
15%
Jan
*
43
43
43
180
41
Feb
50
Jan
11
11
11
35
11
Feb
12%
Jan
Jan
*
13%
13%
200
13%
Feb
14
*
common
(John)—
the Woods
Feb
48
10
24%
24 %
24%
170
24%
Jan
25
Jan
27%
27%
55
27
Feb
14
Feb
17%
Jan
14%
Feb
15%
Jan
9
Feb
10%
Jan
7%
Jan
•i?
I
common
Laura Secord
14
11
10%
11
5
93 %
92'%
96%
2,064
35
35
35
75
24%
24%
9%
9%
18%
%
475
5%
Feb
17%
16%
17%
1,848
16%
Feb
-9%
10%
8,344
Vac
16c
126,707
76
76
8
76
17'A
16%
17%
465
35
35
35
)->n
11%
11
11%
194
11
Feb
11%
Feb
38
38
38
321
38
Feb
40
Feb
Export class A
'
Class B
McColl-Frontenac
100
24%
Feb
26
Jan
Molson
5
9%
Feb
10%
Jan
Montreal
1,275
16%
Feb
20
Jan
27
16
■25%
Feb
Mitchell
new
10
corn-
:
(J SI
Jan
20
Oil
Rights
Mitchell
Jan
210
6
Massey-Harris
38%
585
10
9%
100%
17
155
'9%
Feb
25'/a
14%
14 3/4
Feb
17
25
14%
Lewis Bros Ltd
34
25%
14
MacMillan
91%
29
14
14
Jan
13%
Lake of
30%
4,285
96%
5
Corp
Public Ser Ltd
Labatt Limited
4,220
50 %
96%
•
Ltd
Co
31%
48
*
Jan
Jan
13%
Canada
common
i.
Jan
Jan
11%
of
Petroleum
64
11
Nickel
International
36%
190
For footnotes see
page 40.
Jan
38c
15%
Jan
Feb
17
Jan
12%
45%
13%
Feb
__'
3%
Feb
14%
72
58
25
Feb
10%
44%
40%
35%
__35
2.85
305
15'/4
Feb
1,035
preferred
200
11%
44%
Feb
12
preferred
2.85
11%
*
36
155
28
2.85
11%
Jan
Smelting——•
72
205
17%.
Jan
Sale Price
class
Canada
of
Hudson Bay Mining
8
59
28
Jan
2%
Bridge
580
35%
17%
-26%
Feb
ll)
Smith Paper common
International
35%
•
59%
Feb
2%
12%
preferred
Feb
58%
•
Dominion Dairies 5't
$2
11'%
11 %
Bridge
Feb
23%
500
Jan
56%
9%
52%
140
2%
Jan
26
45
Seagrams
Dominion
Gypsum
Jan
170
■»
328
23%
1
preferred
Lime & Alabastine
Jan
1,289
■
53%
1
Bakeries Ltd
30%
Jan
,
Jan
1
preferred
Feb
16
__
36%
Jan
2%
11%
•
Feb
Jan
10%
_
34%
2%
1
Co
Power
24
Jan
22
_
Jan
58
—5
common
'A' pfd
International Bronze
'•'
Jan
20%
53%
*
Players
Feb
-
10
34
77
Feb
23%
100
General Steel Wares
100
21
Feb
17
2%
1
W/o preferred
Goodyear Tire 4%
5
33
Feb
69%
23%
Jan
10
21%
24
245
206
a31% a31%
a31%
common
Jan
10
37%
330
17%
..25 '
_
Chemical
23%
15%
i
&
Textile
24%
101
SI 701
24
71%
17%
Par
Coal
&
Feb
10
11%
24
71%
__
__
5
Donnacona Paper 4%%
5%
Jan
26
Davis Leather Co Ltd A__^__
Jan
preferred—
General
11
•
7 '/r
Jan
Jan
25
Glass
26
24
1
preferred
Jan
27
45
Smelting
Jan
common——
Jan
101
•
&
29%
26% Jan
25
*
Mining
Tar
Red
Dominion
Famous
25
25
Plow
Consolidated
Dominion
Foundation
15%
Companies______._J._^.__,»
Railway
25
Feb
—
Steel
Feb
245
45
Locomotive
Oil
26%
preferred
17%
25
*
A
7'/>
Dominion
28%
810
28%
;
,
Canadian
Distillers
2 %
.
Alcohol
Glass
Jan
•
B
325
Imperial Oil Ltd
26
Canadian Pacific
Class
•
._______25
6'% preferred
Canadian
,t
Jan
;
24%
2%
22
:
-
Feb
Feb
3 V8
2%
27%
common.,"
:
•
i_______25
27
Electrolux Corp
7%
20
Canadian
Class
120
34
:61.75 series'.
i Canadian Cottons, common-
;
Jan
17
;
•
...
vMiuutian Car & Foundry common
r;r
25
30
common..
Class A
'
25
26
A___u__i!'
26%
80
.
20
Feb
25
49
23
50
&
Jan
26%
__
MARKETS
FEBRUARY
Eddy Paper Co Class
Feb
Jan
Jan
Jan
common
Jan
Feb
6%
1,700
27%
13
,18
Jan
Inc
Jan
24%
545
aO
•
preferred
Jan
■
Safeway Ltd 4%% pfd_____100
Steamship common
'*...^1
•
Canadian
25%
3%
_*
Power
Feb
16%
.
W)
15%
15%
common
Lines
65
Jan
18 %
—
v
25
__—
Air
40 %
Feb
J
Co
Petroleum
26%
Feb
15%.
12%
Jan
Feb
39%
Jan
48
550
3%
100
class
Canada
,i
315-
20%
16%
15%
8%
Feb
22%
105
Feb
Corp
9
Jan
24
16%
15%
7%
Jan
__._25
common
224
695
Jan
9%
Feb
Dryden Paper
1,315
»
Feb
12%
_25
55
1,455
*
A
Feb
.
3,243
common
preferred
Canadian
19
21
Dry Dock Co Ltd A
Wire
Feb
24%
Northern
5%
16%
20%
Forgings
v
Jan
24%
Canada
Canada
Jan
Jan
20%
Canada
Canada
17%
24%
5
N
Sugar
Preferred
LISTED
WEEK
38
•
.uAi.
7%
a38a38%
__
Feb
20%
18%
■
846
14%
Jan
Jan
160%
2 'A
8%
15
17%
Feb
8
Jan
30
644
Westates
13% Feb
652
•
8
591
Feb
18%
37%
■
340
•
Dredging..
Cement
$1.30
25
225
165
:
Feb
8'/a
5
Range Since January 1
18%
_______
26%
7^7
•
17%
Products
8%
___
150
Last
25
Bruck Si.'k Mills..
Jan
Jan
26%
Friday
163
♦
a__
22
48
Feb
26%
__
1,033
stocks—
17%
Corp Class A
62
Feb
Feb
15%
Woolworth
18%
CO
7
18
41
15%
Westinghouse Electric Corp com
17%
Columbia Forest Products
150
15%
Jan
377
E
49
18%
180
7%
Utah-Idaho
FOR
945
7
24%
7%
:
20%
41 %
7
15%
Jan
200
67l!
25
•
18
-
__
15%
22c
164%
common
preferred
Jan
7%
Warner Bros Pictures
Gatlneau
•
Jan
20
24%
•
34%
•
Power
21%
Feb
41%
__
"
Jan
100
Telephone
British
48
'v:
25
25
6%
__.
•
_■
Bathurst Pow
Brazilian
24%
pfd—50
Fob
17
15
Jan
1,530
196 198%
25
common
Asuestos Corp
18%
7%
Jan
'
•
J.
1
Corp of Delaware
Dominion
2,338
8
Algoma
Co
Jan
10
120
253
18%
♦
19c
6,525
\''^i
1/
,8
Aluminum
67
18%
17%
24%
A
Low
37%
common
a9
18%
17%
1
34%
Shares
19%
37%
Ltd
Feb
a8%
__
__
"
14%
19»/4
37%
*
Steel
9
Jan
Feb
High
Agnew-Surpass Shoe
Aluminium
Jan
18 Vo
for Week
of Prices
__20
•
4%
Inc
Sales
..20
S2.50 preferred
Acadia-Atlantic Sugar class A
Feb
Feb
Exchange
Low
•
4%
35
Feb
:
1,100
Range
Sale Price
Par
com
980
47%
-
Feb
15%
31
Week's
Last
Paper
4%
common
Texas Company
United Aircraft
Western
a32% a33%
Friday
&
Feb
4%
34%
Jan
JIVb
Co
Oil Co of
Canadian Fnnda
Power
23%
4%
10
Co capital
Jan
United
16%
Montreal Stock
Abitibi
Jan
10 %
•
B
common
Studebaker Corp
Jan
14
Feb
7Vb
class
Brands
Standard
Jan
Feb
Feb
16
Cement
Swift &
RANGE
...
Jan
Jan
•
Oil Corp
Socony-Vacuum Oil
So Cal Ed Ltd common..
Jan
4%
■
CANADIAN
stocks—
32%
Feb
Jan
Feb
34%
15%
__
7%
11%
125
35
Tobacco
Shasta Water Co
Jan
25%
|
43
35
15%
36
2.35
600
—20c
_
Fob
9%
_
Jan
Feb
ig%
™
18
27%
Feb
20%
America
Riverside
2.05
43%
__
5
McKesson & Robbins Inc
Feb
43%
•
25
a46% a46%
Corp of
Standard
197
•
Matson
Jan
a23
10% .Jan
56
I—•
Sinclair
5
•
0
20%
Jan
100
Radio-Keith-Orpheum
Republic Steel Corp common
a—
125
8
3%
.
5%
a
5
5
__
•
16%
Feb
8%
9%
a—
Feb
190
International
,
Feb
17%
Jan
t a__.
.
4,375
Bancorporatfon .4
15
446
23%
Inc
Reynolds
30
2.45
Kennecott Copper Corp
Loew's Inc
284
9%
1
Pure Oil Co common
a51% a51%
a36%
331
18
23%
__
25
Feb
>
•
9%
15%
a28
•
33%c
Feb
2.15
Johns-Manville Corp
9%
15%
__
—.20
Jan
2.40
Co
Feb
17%
__
50
Mill Co___
9%
1
Tel
Jan
£.50
Pepsi Cola Co
Pioneer
4%
Mary Mines Corp.
International Nickel Co Canada
&
Jan
15%
70
23%
common
40%
__20
Idaho
21
Feb
alG
•
Airways
Pictures
104
28%
1
Feb
13 ' '
Jan
Jan
10
common
common
175
•»
Holly Gil Co
Honokaa Sugar Co
Co
33
__
•
18%
871
20
35
•
Battery Co "A
Co
9%
4%
"Great Northern Ry non-cum
pfd__
17%
375
13%
7%
53%
Feb
4%
4%
a41%
Feb
1N%
13
*
Pennsylvania RR Co
22
Sugar
Port Cement
9%
l
15%
13%
__
1
Phelps Dodge Corp
•
al5%
Jan
Feb
49
Jan
__
common
common
al6
19%
100
common
17
•
Rubber
335
6%
Feb
a46%
__
a.49% a50%
10
common
Railway
1,200
4%
•
a50
•
American
Northern
4%
t
High
100
•
1
capital
2%
__
,
Low
7
5
Corp—
RR
North
Jan
Jan
170
______-5
Co common
Range Since January 1
High
7
•
-
Distillers Prod
Central
Y
Jan
110
295
•
Graham-Paige Motors
Marine
Nash-Kelvlnator
Radio
General Electric Co
General Food Corp
pfd—.___—10
Ward & Co
a21%
__
Bond & Share Co__
Tel
41%
Jan
11%
__
__„__10
Shares
Jan
__
*
Low
for Week
Jan
8%
Cem
2%
__
.
29%
a31% a32%
__
5
Dumbarton Bridge
r-
Feb
1,374
1
Hobbs
27
8,468
11%
__
•
&
100
3%
2%
15
Co_
Goodyear. Tire
Montgomery
Port
Paramount
Co
F)
Jan
a40% a42%
—
•
Dominguez Oil
(B
13
Pacific
Curuss-Wright Corp
Goodrich
Feb
151
__
•
Crucible Steel Co of Amer.__
Kodak
10%
32%
all2
__
10
capital
Eastman
310
a38% a40'/8
25
& Southern
Consolidated Edison Co of N
Cons Natural Gas Co
Electric
Monolith
23 %
__
25
RR—
Commonwealth
Oil
Jan
North
Cities Service Co co'mmoL
Continental
15
3
23%
pfd____100
Sales
Range
of Prices
Par
Jan
31 %
15
Ore Pwr 6% non-cum
Canadian Pacific Railway
&
High
14%
27
3
5
Cap
Cal
Chesapeake
Low
75
all
Week's
Last
Sale Price
STOCKS—
27
__
1
____
20
Range Since January 1
National
Holdings Corp
Borden
j
27
FEBRUARY
Friday
Shares
High
aiO%
EXCHANGES
ENDED
for Week
al2% al3%
__
5
common
Boeing Airplane
al2%
100
common
Corp
Bethlehem Steel
Low
WEEK
(877)
Sales
Last
.
FOR
CHRONICLE
I'
'
(Robert)
Breweries
Cottons
Ltd
common
Preferred
Montreal
—"'I.
;
Locomotive
Feb
Montreal
Montreal
Tramways
Works
•
550
19
:
v Jan
9%
Feb
13%
Jan
%c
Feb
85c
Jan
Feb
76
Feb
16
Feb
19%
Jan
34
Feb
37%
Jan
.
14%
Feb
16%
Jan
40
Telegraph
Feb
—25
6
v
48
Jan
48
Jan
100
32
Feb
36 %
Jan
37
38
THE COMMERCIAL & FINANCIAL CHRONICLE
(878)
Monday, February 23, 1948
CANADIAN- LISTED:' MARKETS^
RANGE
Friday
v,
■
''.
-•
Week's
Range
Last
Sale Price
STOCKS—
.......
Breweries
National
*
—
11
11'A
♦
*
_
350
'Vf'.f ■ ;;.r
'v.
•
100
:
High
Jan
Great Lakes Paper Co Ltd com
Jan
260
11
Jan
11%
Jan
25 lA
24'A
25 %
55
44%
46%
3,140
2,000
43
Feb
_—
_
♦
162%
39'A
•
L H & Power common
Ottawa
25 25%
162% 162'/2
—
1,212
125
31 %
40
11,581
153A
15%
255
Tubes
Ltd
Penmans
Placer
1
Co
River
__
205
63%
31
19%
1,505
37
__
*
30'A
19%
30
*
common
Development
Powell
30
63%
*
38%
345
Corp of Canada
Pride'Bros & Co Ltd common
22%
Jan
24
Feb
25%
Jan
Hydro-Electric Securities Corp______
Feb
51%
Jan
Journal Publishing Co of Ottawa Ltd
n
Provincial
•
Transport
61
•
Feb
25
161%
28
Quebec Power
•
17
Feb
165
Hotel
Jan
25
Jan
40
15%
Feb
18%
de
.
Rolland Paper
St
Lawrence
4%
*
25
—
__
29
Feb
32%
Jan
Melchers
63%
Feb
65
Jan
Minnesota &
18%
Jan
21
—
Feb
41
Jan
14%
68
class
A
preferred—
11%
Feb
13 %
Jan
17
Jan
17%
Jan
St Lawrence Paper 6%
pfd
Feb
26%
Feb
25
38
50
Water
25
—
•
Corporation
Mount
Nova
Series A 4%
preferred
13%
10
19
v
\ Jan
15%
Jan
Feb
14%
Jan
Feb
15
Jan
>2%
500
2%
Jan
3%
Jan
13%
13%
100
13%
Feb
15%
Jan
13
13%
700
40
1,025
39
Feb
6%
Ltd
,
__
12
<12
25%
12
93
14
Jan
Feb
28
Feb
98
Jan
12%
55
93
Jan
Feb
93
1.075
43
12
25%
50
25%
25%
93
100
pfd—_10
Co
Paper
40
••
Feb
13%
Jan
.
Jan
12%
12%
12%
172
21%
20%
22%
3,045
20
Feb
23%
Jan
22
22
15
20
Feb
22
Jan
65%
66
645
65%
Feb
71
Jan
10
10
30
10
Jan
10%
Jan
.19%
19%
19%
Feb
1934
a
Ltd
corn—*
—
_*
—
65%
-
Feb
Light'and
Scotia
Crush
Corp
6%
Power
Ltd
6%
._*
com—*
N C part 2nd
19%
7%
_*
u___
1st pfd—
cum
__
7%
7%
100
111
50
52%
7%
111
52%
pfd
109
52%
Jan
10%
Feb
Jan
Feb
111
Jan
55%
Feb
Jan
Feb
14
Feb
Jan
Rand Service Stores
Jan
Russell Industries
Quebec Pulp & Paper 7%
Southern
114
Canada
Standard
Pr
Invest
20 Va
; 21
5
5%
14
red pfd__l00
Ltd
»
14
(Canada)
Ltd
•
6%
V
•
37c
Jan
6
Feb
Feb
14%
Jan
Jan
115
Feb
110
Jan
37c
Feb
40c
5
14,376
5
Jan
25
Feb
4%
13%
-
15
38c
5
Paving & Materials Ltd—*
20%
300
600
110 111%
100
pfd
Ltd—
Co
75
;
Feb
6
Jan
12
Jan
75c
Feb
25
v
-
Jan,
50
Sherwin Williams of Canada com
*
Sicks Breweries common
•
United Securities
Limited
100
Vvesieel Products Ltd
V T C
Western
Simon H. & Sons com
Southam Press
pfd
Royal Rice Mills Ltd
Orange
21%
com
4%
Ontario
16%
13'A
11%
36%
10o
Power
&
Oil
Distilleries
Southmont
Shawinigan
5
Feb
Jan
:
11
10
Feb
14%
•2%
•
Montreal Refrig & Storage Ltd
Jail
Feb
11
13'A
11
10
16
Feb
37
25
»
com
Corp Ltd com
200
13
Maple Leaf Milling Co Ltd—
*
Massey-Harris Co Ltd 6 % % conv pfd_20
Power
Regent Knitting common-^
$1.60 preferred
13%
•
13%
•
MacLaren Power & Paper Co
Feb
Jan
Feb
215
1,120
17
18
Jan
11
12
61
11%
__
1,300
14%
13%
:•
16%
High
Low
.
.16
.
Range Since January 1
High
14%
'
_
*
44%
58%
11%
59 V2
_•
„
13%
•
Feb
Moore
Power
' •* ■
,
,
19%
McColl-Frontenac
Page-Hersey
IG%
!
lnc__„
LaSaile
Shares
Low
Halifax Insurance Company.——
Hendershot Paper Prod^_
41%
for Week
*
44 %
20%
Sales
Range
of Prices
Pur
:
V
Jan
19 %
__
Week's
Sale Price
..v..
Lowney Co Ltd (Walter M>
Ogllvie Flour Mills common
1% preferred
Ottawa Electric Rwys
v. V'1" V;-:
Last
STOCKS—
v
.
42
44%
/
v.1/
100
-
20
•
i
Niagara Wire Weaving—
Noranda Mines Ltd
42 %
-
SO
Friday
Range Since January 1
Low
42 "A
42%
5
pld
41 %
—
FEBRUARY
Bales
Shares
High
25
common
7% preferred
:
National Drug & Chemical
National Steel Car Corp
WEEK ENDED
for Week
of Prices
Low
Par
FOR
11
i,
11
8%
„*
Grairv Co Ltd
28
28
*
75C
'♦ 75c
—
28
Feb
reo
75c
Feb
Mining Stocks—-
Co-
Alger
Gold
Arno
Mines Ltd—
Mines
5%C
4%c
common
Steel Co of Canada
7%
Feb
12c
2c
200
2c
Feb
3%c
Jan
12c
12c
4,000
12c
Feb
12c
Feb
17C
17c
1,000
17c
Feb
17 c
Feb
Band-Ore Gold
Standard Chemical
Limited—
Aumaque Gold Mines Ltd.
Power
Canada
Southern
10c
10c
4,000
7c
Jan
6 %c
6 %C
Aubelle
•
common
Ltd——
Mines
2c
—
.;
27,000
4%c
Jan
preferred
Tuckett Tobacco 7'A
Twin
preferred
—
1
Beatrice Red Lake Gold Mines Ltd—.
City —.
United
Steel
Wabasso
Beaulieu
Corp
Bob's
Cotton
Weston
<fc
Worts
4 % fr
Candego
preferred
Ltd
Limited
Mines
Gold
12c
common
Century
100
Consol
common
Mining
Jan
22c
Jan
10c
Jan
21c
Jan
5c
5c
500
5c
Jan
5'Ac
Feb
70c
3,500
70c
Feb
82c
Feb
19,600
40c
Jan
56c
4c
2,000
2%c
Feb
4c
Jan
12c
5,000
9%c
Feb
16c
Feb
10c
10c
3,000
11c
Jan
17c
18c
19,600
15c
Feb
22c
Jan
7C
Ltd
Corp
9c
11,000
6c
Jan
9c
Feb
16c
1,000
15c
Feb
22c
Jan
23
1,000
—
Mines
Cadillac
Feb
4c
10c
Ltd—
Explorations Ltd
.
16c
Cournor Mining Co Lea
Banks—
6c
10c
70c
Ltd
Mines
Central
Cortez
Feb
7c
Jan
2,000
22,000
19C
45c 49%c
Mines
Gold Mines Ltd
Centremaque
17 %c Jan
219,200
10c 12 %c
Ltd
Mines
Gold
Ltd
Ltd
Mines
Cartier-Malartic Gold Mines Ltd-
—
—
Winnipeg Electric
5% preferred
Zellers
Gold
Buffadison
(George)
Wilsils
Yellowknife
Lake Gold
Bonville
Walker Gooderham
Ltd
Mines
9%c Jan
Canadienne
Dome
Commerce
Mines
22%
Ltd
Feb
23
—
80c
87c
4,000
1.09
Dulama Gold Mines Ltd.
25c
27c
6.000
27c
Feb
Duvay Gold Mines Ltd_.
8C
8%C
3,000
8%c
Feb
1.95
Feb
Donalda Mines Ltd
Dominion
Imperial
Feb
Montreal
Scotia
Nova
East Malartic
1.90
1.96
2.75
Mines Limited—
300
1.76
Feb
_.
Sullivan
East
Royal
Eldona
Bonds—
Gold
v
8.100
1.09
53,000
19c
20c
7,500
10%c 11 %c
29,000
90c
Ltd
20c
El Sol Gold Mines Ltd—
Montreal Power 3%
2.82
90C
2.75
Ltd—
Mines
Mines
lie
Formaque Gold Mines LtdGod's Lake Mines l^d
75c
75c
14c
15c
Feb
Jan
,3.50 Jan
1.31
•
Feb
19c
Jan
23c
Jan
10 %c
Feb
20c
Jan
93c
Jan
75c
100
75c
Feb
18c 19%c
Mines Ltd..
Goidvue
2.65
70c
23.000
'18c
Jan
16c
14,750
15c
Feb
1,500
30c
Feb
30c
Feb
10
Feb
12
Jan
5%c
Jan
Jan
24c *
i- >... '<:"
Gold Mines Ltd
Heva
Montreal Curb
Hillcrest Colliers
Hoillnger
Last
STOCKS—
Sale Fries
Par
Acme Glove Works Ltd
Anglo-Nfld Development Co Ltd
Steels
Atlas,
Bathurst
Belding-Corticelli Limited
7%
.*
Paper Co Ltd B
Brewers
&
Distill
of
Brown
Paper
com
•
19
20
Feb
Wasa
Feb
10%
Feb
12%
Jan
4%
Feb
6%
Jan
Louvlcourt Gold fields Ltd—
150
■150
150
Feb
150
Feb
50
162
Feb
163
Jan
80c
450
74
Feb
87
Jan
16
16%
32
16
16 %
Jan
Feb
83%
85
105
82
Feb
15%
15%
390
15%
Feb
18%
Jan
45%
46%
50
4534
Feb
50
Jan
20
20%
30
20
Feb
25
Jan
15
565
14%
Feb
15
Jan
21
21%
710
Feb
24%
Jan
Sherritt-Gordon
165
—
150
5,510
14%
100
75
4%
165
5
Jan
74
3%
Feb
87
Feb
,
6%
108
Jan
Canada
Sugar
*
Malting Co Ltd
Dredge & Dock Co Ltd_.
Canadian
15%
•
46%
_*
Z
Gen
Canadian
Industries
Ltd
Invest
•
•
common
T/r preferred
21
ioo
Company—
i
Cons Gold
Pato
& Paper Inv
Ltd com—•
Canadian Silk Products class A
♦
j
-
Rochette Gold Mines Co Ltd—
65
142
61%
Jan
Feb
5
98%
Feb
106%
Feb
Sullivan
500
1.45
Feb
1.95
Jan
Thurbois
1.75
75
1.50
Feb
2.00
24
24
Feb
25
Jan
25
25
100
23
Feb
27
Jan
135
135
65
130
Jan
141
Feb
—2
3%
3 Va
3%
3,050
Canadian Westinghouse co Ltd—__*
i
39
39
39
26%
26%
Canadian
Catelli
5%
Western
Food
cum
*
common
Lumber
Products Ltd
Co
*
com
preferred—
Chatco
Steel
Prod
Con's
Claude
Neon
General
*
Advert pfd
Commercial Alcohols Ltd common—
Mines
8%
preferred
5
Consolidated
Consolidated
Corp
Cub
Aircraft
Ltd
Mills
Ltd
•
com
Corp Ltd——
David & Frere Limitee A
i
•
89c
Jan
1.03
16,400
1.92
1,000
59%
12
1.11
21,700
1.05
7c
Jan
1.45
Jan
1.90
Jan
57
Feb
1.92
Jan
1.66
59%
Feb
Feb
1.18
Jan
6%
1.90
3,100
(1.68
Jan
1.95
Feb
1.99
'3,000
1.85
Feb
2.17
Jan
5.40
200
8c
8c
5.20
2,500
40c
Z 167,500
7C
13%c
Jan
Feb
3%
Feb
Jan
39
Feb
41
Jan
Crest
East
65c
15c
Jan
7c
Feb
10c
Jan
4.000
•:
10c
Jan
15c
Feb
14c 15 %c
24,300
16c
Jan
2.27
2,901
Feb
3.00
Jan
8c
10c
3,506
8c
Feb
13c
Jan
60c
2,401
55c
Feb
1.70
4,425
56c
60c
1.60
1.70
(
10 %c
12c
2.10
10c
Feb
1
7%c
.
2.08
Feb
19 %c
Jan
5c
Jan
9c
Jan
25
Feb
28
Jan
Oil
Co
4.00
700
3.75
Feb
4.50
Jan
13c 14 %c
3,000
12 %c
Feb
20 %c
Jan
8%c
3.80
•
*
*
8%c
8 %c
2,500
1
Ltd—
1.45
1.65
3,200
Home
15
Jan
VS
Jan
Omniferans
11%
Feb
13%
Jan
50
5
50
Feb
58
1.25
Feb
9c
Jan
4
225
100
100
22
23
16%
6%
15%
23
300
16%
17
7,424
9
9
25
75c
75 c
3%
6%
15
Feb
4%
6.00 v
5.55
Oil Co Ltd ———-——
*
Exploration Ltd-—
—*
Pacalta Oils Co Ltd_——-—-—*
llcv
5.25
2,120
15c
Feb
6.50
Jan
10c
Feb
16c
Feb
6c
110,000
:
Feb
9%c
Feb
,
'
6%c >■
6%c
-
1,000
Feb
7
Jan
15%
Jan
Jan
«
.100
Toronto Stock
Jan
20
Jan
23
Feb
15%
Feb
19
Jan
9
Feb
11%
Jan
65c
Jan
95c
Jan
"
30
30%
33%
35
34
33
34
*
38
38
38
21%
21
22%
230
705
30
33%
Feb
32
:
•
Feb
40%
33
Feb
38
Jan
100
37%
Feb
40
Jan
2,597
20
Jan
„
23%
Jan
i
Friday
Last: :
■
X./XXX
■
Par
11.50
preferred
.-*-20,
1
<>"19%
<■
Acadia-Atlant class A__
Bale*
■/■:
:v<V:'; -.v-v;
•
of Prices •£. Bfcaraan^l .Range Since January 1
Low
".
'■•14'%M
Abitibi Power Br Paper common——* '
>•
tar Weak
H.igK•
19
19%'
16%
•
•'••:>-
--
-
itgfi -''ZX
Lov
13%
Feb
17%
Jan
3,4-»4
"18%
Feb
20%
Jan
75
16%
Feb
18%
Jan
15
13%?' 14%
99
Feb
1,303
=•:
■
>
16%
-i 100
•"
—.
•-
>
:
Week'®
Range
,.
gTOOE®—/; •.; BalaPrica
Jan
301
*
;V- v>:,v:v
Jan
Exchange
Ou>*di»aFtaul»
'.•/ZL-rX'X'[
■:XX
•
100
.
.
-
r
'
Fairchild
Aircraft
•
Limited—.
5
8%
26
-
J'—
8%
■
26
1.75
1.75
470
20
50
Fanny Farmer Candy Shops Inc
1
40
40
41
205
Fleet Mfg & Aircraft
•
2%
2%
2%
3,825
♦
22%
21%
23
980
25c
25c
20
2,766
1'5
Ford Motor Co of Canada
class A
Foreign Power Sec Corp Ltd com——*
\
Fraser Companies
Freiman Ltd (A J)
For footnotes
see
1
4%%
cum
page 42.
pfd
Jan
Jan
1.80
Jan
6%
*
100
Jan
"
3
20
350
•
pfd
Jan
Feb
158,700
7c
67c
1.60
9%c
9,500
8%c
9%c
1
Gaspe Oil Ventures Ltd
12
Dominion Square Corp
Donnacona Paper Co Ltd
cum
Jan
Jan
9c
19c
4.000
8c
13 %C
5.80
Jan
6%c
2.20
*
& Edmonton Corp Ltd
Homestead Oil;
15
Dominion Engineering Works LtdDominion Oilcloth & Linoleum Co
East Kootenay Power 7%
„
*
5
,
15%
50
Eastern Steel Products Ltd
Feb
Stocks—
3%
—
Lithograph Mfg Co Ltd—*
Paper
Jan
'
Consolidated Bakeries of Canada Ltd__*
Consolidated Textile
1.25 '
19c
1
Ltd
Consolidated
50
100
•
3%
Oil
Calgary
15
"
—
11%
22,900
1
Mines
11%
—
15
Ltd com
Feb
2,000
1.37
Jan
65
135
Ltd
preferred—
5c
5%C
1
—
1.50
100
Vickers
Feb A
5.40
—1
Ltd
98%
175
25
cum
51c
'-50c
Mines
98%
Jan
24
7%
Jan
—
Soma-Duvernay Gold Mines Ltd
Stadacona Mines 1944 Ltd
162
24
Canadian
43c
1.85
Vinray Malar tic Mines
Candn Power
2,500
1.80
Dredging Ltd-—
1.50
*
■
50c
Mining Co Ltd
Quebec Manganese
62%
65
——
1.50
Feb
Jan
59%
1
—1
*
Quebec Yellowknife Gold Mines Ltd—1
Jan
1.50
Canadian Ingersol Rand Co Ltd
*
Canadian Inter Inv Tr 5% cum pfd_100
Canadian Marconi
20%
14%
58c
1.08
Santiago Mines
Canadian
Jan;
Jan
Feb
Jan
Pitt Gold
Canada & Dominion
7.65
13
52c
1.90
Mclntyre-Porcupine Mines Ltd_
Cons Dredging
Normetal Mining Corp Ltd—
O'Brien Gold Mines Ltd.
3%
Feb
Jan
100
5c
Nechi
74%
5.80
Feb
14%
2,000
1.25
Malartic Gold Fields Ltd
.-••
200
6.00
49c
<
52c
1.0
Macdonald Mines Ltd
162
80c
4
Feb
96c
5
162
'
Feb
13%
47C.
Lingside Gold Mines Ltd
100
16%
35c
600
6.00
:
:.
400
-
2,200
14% <14%
Lingman Lake Gold Mines Ltd—
Mining
5
—
48c
Feb
52c
Shore Mines
Lake
11
—
Feb
14 -14%
Ltd.
Ltd—_—
Lake
4%
—
363
4c
39 %c
—_
Jan
9%
10%
1
Preferred
75
'-v;
Labrador Mining & Explor Co
High
Jan
5
80c
Company Common
Low
9
10%
100
Vancouver Ltd__5
British Columbia Pulp &
Range Since January l
25
19
_100
Brand & Millen Ltd A—
Shares
9
Gold Mines Ltd
19
*
com__
preferred—:.
cum
30c
10%
39 %c
Mines'Ltd
Kerr Addison
High
•
30c
10%
9,000
Joliet-Quebec
Bales
far Week
sf Prices
9
__
.5
Limited—
Power &
Week'*
Bancs
Low
•
Gold.
Jack Lake Mines Ltd
Canadian Fonda
Friday
30c
10%
•
Consolidated
16c
46%
45
47%
1
92
92
92
8%
25
1.75
40
2%
Feb
Feb
Feb
Feb
Feb
9%
26
—2 Va
49
3'A
Preferred
•
.100
'•'
Jan
Feb
Jan
Jan
•
Agnew-Surpass
Aigoma
J—
Mines,'—
Steel
common
8
.
*
bO
7%
Feb
8%
Feb
Jan
75c
100
75c
Feb
87 %C
Jan
1
5%c
4%c
6%c
92,800
4%c
Feb
13c
Jan
38%
38%
40%
1,655
37%
Feb
56
Jan
'
Gold
-
100
•
Akaitcho- Yellowknife!
Alger
Jan
8
•
—
\v75c
..».-;75c
:
'
•
198
196
4% pfd___ —25
_1
Amalgamated^ Larder Mines—
<•24%'
24%
25
280
24-%
Feb
25 >A
Feb
28c
25c
28c
8,285
25c
Feb
38c
Jan
13 %c
10c
15c
22,700
9c
Feb
12c
Feb
21
Jan
23
Jan
Aluminium
25c
Feb
40c
Feb
Aluminum, of Canada
42%
Feb
54%
Jan
92
Feb
93%
Jan
American
Ltd
common
Yellowknife
_
200
160
195
Feb
-
224 -
Jan
Volume 167
Number 4675
THE COMMERCIAL.
&
CANADIAN
RANGE
Friday
Week's
'•V"
Anglo Canadian
:-'
//■■/'■■■"/"v
'
Aquarius
1.63
1.58
1.G5
45c
s
Area Mines
ii
Jan
5c
6'Ac
20c
6,500
9c
9c
1,100
75
Gold
&
1
Quebec
2«c
33c
12
Atlas
Bagamac
Mines
.
Cons
of
Bank
of
Neva
—__L
Metals Mining
Bathurst Power class
•
-
_.
Berens River
Bevcourt
11
1,080
10%
Feb
15c
13%
9c
Feb
15c
Feb
1
&
Millan
class
37
460
35%
Jan
37
Jan
14,200
Rubber
18%
17c
Jan
Discovery
29c
Feb
6c
Jan
'
1,500
9.75
10%
85c
600
1,110
94
94
98%
85
3%
3%
1,145
Dominion Tar
99
Jan
Dominion
Feb
4
25
32c
32c
32c
22%
10
70c
76c
-6,800
70c
1.86
3,820
f
3,000
'
13c
13c
13c
20c
19c
20c
29
30
445
1
.
11%
25
.11 Vac
—
4.00
Flon^t.—
1
Calmont .Oils
Campbell Red Lake,,—-.A
-9c
6C
9c
J..I
44c.
•
'
_1
2.60
,.
*
44c
;_
__5Q
.
L2o
4
.
';
__
28
,
Jan
25c;
12%
Jan
Feb
29
Jan
Feb
7%
Feb
16% Jan
-8V4 Jan
Feb
10c
3.65
Feb
.
.
28
(60
■
14
..
■
:
•
4.65
9c
Feb
Jan,
Jan
Jan
150
.46
,
.Canada Permanent
•
16%
Mortgage--.-^,—100
Canada S S Lines common...
Preferred
■
Canada
•
36%
/
Convertible
Canadian Car
:
Celanese
Canadian
common
,
Canadian
;
Canadian
;
Cariboo
Alcohol
"A"_
Centremaque Gold
Chatco Steel Products
Preferred
14
Freiman
;
35
Feb
41
Jan
•70
.Jan
75
Feb
J)
Feb
25%
Jan
21
Jan
Glenora
10%
420
85
175
General Bakeries
24
Jan
General Steel Wares common
Preferred
10%
Feb
Prod Mfg preferred
Jan
15%
Feb
17
Jan
56%
Feb
63%
Feb
25% ..Jan
90
10
Feb
11%
15
88%
Jan
90
11%
11%
Feb
24
24
13%
Jan
155
24
Feb
30
Jan
83c
2,125
87c
13
i
13%
13%
14%
«
;
Mines..
24
4,IPO
24
24
45
1.21
1.25
1
1
,
.
Goldale Mines
Golden
Feb
15
Arrow
1.35
Jan
Goldvue
Jan
15%
Jan
Feb
Jan
,
1
1.95
Feb
1.21
2.65
1.21
Feb
1.35
Jan
11,000
Graham
1.20
Jan
1.40
Jan
Great
26,900
18c
Feb
33c
Jan
22,000
10c
Jan
16c
Jan
11%
Mines
8'/a
14c
12 Va
275
8
8 %
150
40c
;
40c
1,000
1
6'/2c
5%c
7c
1
2.59
2.50
2.65
1,320
1
Mines
Chimo Gold
25c
24c
25c
2,500
1.00
1.00
443
10
10
__
Knitting—.
11%
:
For .footnotes see
page 42.
*
Jan
9 %C
9c
10c
14,700
9c
Feb
33c
7'Ac
8c
3,300
7c
27c
27c
30c
8,700
26c
1.95
1.09
2.08
32,700
1.61
Jan
2.08
2.70
2.90
13,200
2.65
Feb
3.50
a,
2.80
8%
i$. 8
common
15,500
25
11%
Feb
8
Feb
38c
Feb
5'Ac
2.45
Feb
Jan
20c
Jan
A 1.00
Feb
10
Feb
13
8%
65c
Class
A
Gunnar
Halcrow
Halliwell
Swayze
35
17%
Feb
64c
19'A
Jan
23,050
57c
Feb
93c
74c
83c
1.05
Jan
454,100
30,400
68c
Jan
23c
19c
10%
Jan
Harding
23c
17%
.
17%
Gold
Carpets
Jan
1.30
18c
Jan
25c
17%
20
4
4
Feb
20
19
2.85
3.00
3.45
31,530
3.90
4.10
16
4
Feb
2.85
932
41
16
4.55
Jan
40%
Jan
Feb
4.55
3.90 Feb
455
285
Feb
Feb
Jan
4
Feb
'
16%
-4
3%
.
5'Ac
7%
4
5c
8%
135
6c
:
8%
Jan
Jan
18
'
Jan
47%
Jam
3'A
:■
449
'
Jan
6c
Jan
Feb
9
Jan
8%
2%
27A
21%
23'A
3,070
10c
11c
2,200
92
94
10
1.89
2.00
6,700
1.81
Feb
19
19
50
18%
Feb
20
Jan
101
103
25
Feb
108
Jan
27A
3
1,000
27A
Feb
37A
100'A 100'A
22%
-f
<
14%
10
100'A
Jan
100'A
Jan
Feb
16'A
Jan
Jan
106%
Jan
6.10
Jan
14
300
•
5.40
14'A
5.55
8%
Feb
Feb
3%
Feb
21
v
Jan
10c
Jan
92
Feb
101
15
14
103%
13,241
10'Ac 11'Ac
Jan
2%
.
335
5.40
;
■
8
1,200
104 104%
5.25
Feb
23%
Feb
15c
Jan
94
Jan
'
2.29 Feb
Jan
3'Ac Jan
63c
19,800
58c
Jan
78c
82c
18,500
74c
Feb
1.09
14c
4,000
13c
Jan
17'Ac
Jan
14c
2,700
12c
Jan
16c
Jan
5c
6c
4,500
Jan
7%C
Feb
11c : 12 %c
6c
Feb
14c
14c
14c
2'Ac
76c
'
Jan
1,000
14c
77c
10c
3c
60c
61c
4,500
3c
—
13,000
Jan
14c
Jan
2.42
2.30
1
18c
17 'Ac 19 %c
4c.
10c
17,700
2.04
10c
Jan
Jan
2.65
Feb
Jan
Jan
Feb
16c
Jan
9c
Jan
'
5C
17 %c
Feb
Feb
25'Ac
10
101
Feb
108
180
49
Feb
52%
Jan
■
101% 101%
50
49%
19'A
50
Jan
Jan
19%
85
191/2
Feb
20
Feb
13'Ac 13'Ac
1
•
4'A
Feb
8'A
__.
...
Feb
5c
,7%
3,0»av
-
-
9,000
500
13'Ac
Feb
15c
Jan
_
16'A
16
16%
4,075
15%
Feb
19
Jan
41'A
41%
41%
85
40'A
Jan
44
Jan
11
11
Feb
11
.1
76c
70c
80c
3,529
67c
Jan
88c
Feb
22c
22c
28c
1,350
22c
Feb
30c
Jan
14
13%
14
255
Feb
16
Jan
3'Ac
Jan
5'Ac
Jan
2'Ac
Feb
3c
Jan
5.00
Feb
•
*
common
_*
m
__.
1
_
Gold
Rock
38
35
18'A
80,000
_
_
Hard
Jan
35
64,850
..
Jan
30
Jan
Feb
57c
6c
Hallnor Mines
1.25
25
9%
17%
_
Gypsum, Lime & Alabastine
Jan
21
16c
Gold
Jan
Feb
Feb
Jan
—1
West Saddlery
Guayana Mines
2.90
Feb
21
2.50
common-
Feb
25c
8
6
5c
preferred
Great
8%c Jan
400
11c
—
Jan
Jan
Feb
Jan
62c
<>
_.
Bousquet
Paper
Jan
10c
"45c
21
6c
_
Lakes
Feb:
Feb
8'A
21
--
Jan
100
1.40
10c
" 40c
Jan
12c
14c
♦
Grafton & Co class A__
3,100
14c
.1
Feb
74c
Feb
•
Mines
Preferred
1
1
.
19c 21:%c
10
29
Feb
7c
_-_l
Goodyear Tire
25
.
1
-
Jan
44c
_1
Porcupine
13%
20c
*
17c
8,700
1
Mines
Mines
24
Jan
1.10 Feb
15,000
3
-1
—
Golden Manitou Mines
Goldhawk
Jan
190,740
*
•
Goldcrest Gold
Gold Eagle Mines
Goldora
___l
common
_
Gold
Jan
360
75c
12
Feb
12
Jan
72c
52c
1
Jan
620
73,200
12%
8'Ac
—1
Oil
Lake
Feb
45c
*
—1
_
Gold
God's
11
7%c
100
-
88'A
2.10
29c
•
Jan
20
11%
1.65
94c
24c
100
-
13%
88%
1.95
80c
24c
X"
—
Jan
88V2
__1
80c
,
Giant Yellowknife Gold Mines
Gillies Lake
Feb
—
Jan
•
23
11%
*
Jan
21'A
_100
18%
370
Feb
26'A
-V" v
Gatineau Power common
5%
preferred
Globe
Jan
24
Feb
1.95
General
21% Jan
28
Jan
Feb
Frobisher Exploration
24%
Feb
Feb
23
Feb
20
•
Jan
7%
22'A
100
Feb
27
24%
100
150
22
Feb
318
24
Jan
895
I
preferred
245
%
Jan
24
24
25
100
*
18 34
•
-6
25%
1,660
12
,,,
2.4%
.•
Feb
^
27
20
A
18%
23
•
3,898
20
Gold(A
;
23
24
.
Francoeur
.
23
26
——10
Canada class
Feb
59 %
23
22%
Jan
305
of
Feb
20 % *
Jan
•
18%
20
Jan
19%
22%
IV/a
com
_
Chrominum
Circle Bar
v
Jan
65c
'•
20
59
;
Jan
20%
Jan
*
355
16
64c
Feb
50c
■*'.
4,539
11%'
Feb
16%
40%
19
15%
50c
120
43,400
4.10
18%
15%
47,500
18 3A
165
^
fleet Mfg dp ..Aircraft,
Ford
.Jan
""45
25
A___,
—...
Research
Chesterville
;vl2 ••'.' Feb
59 c
18
55c 63'Ac
16%
1,115
•
Pacific Railway
Wirebound class
I Central Patricia Gold
(Central Porcupine
Chesklrk
18
201% Jan
*
Gold
Chemical
615
54c
60c
1
22 'A
♦
...
common
'Castle-Trethewey
.
.
75
56c
25
Corp
preferred——
11% .Jan
;
Jan
*
22%
11%
2—.100
_L__100
Canadian Malartic
Cos
Feb
Feb
82c
■»
24%
*
__L
.
Locomotive
Oil
196
83c
l! Preferred
(Canadian Industrial
Canadian
'•
Feb
24%
111
25
6%
18%
__♦
—Canadian Food Products
pfd
..•
55c
25
B
6 %
18%
-
20
Dredge
16%
'
28,600
1
21%
•
Class A
64
74c
l
22%
•
*
common
.
59c
Jan
Jan
A.
V
.35
20
preferred
Canadian
(Canadian
*
350
.
65c
Jan
20
Jan
Feb
40c
25
53%
Feb:
Feb
*
,y-" :
Feb
;
30c
18%
A
'
28%
v
Feb
2,200
1
27 %'■• Jan
10
Jan
37c
-•
23'A
'
*
....
.
1.60
,
35c
*
Jan
'
10
1st preferred
37%
74
__
Canadian Canners common
12
.
«■
Canadian Bank of Commerce
Canadian Breweries
197
12
37%
•__*
.
160.
,'25-.:
16%
196
.
...
Canadian Bakeries
46
v
48c
1
187A
.
_____*
-AA
16%
197
_____—_50
Wire & Cable class A_J
___*
Class £ i_.'
46
.10%- ia%
Feb
Feb
Mines
■
Canada Northern Power__i_—
—Ja*\
Canada Packers-class B_—"
1.34
8c
com—,
Federal. RlrklanA
•
2,000
9'Ac
1
Fibre Products
,16%
1.45
Jan
Jan
-
Federal Grain
4% Jan68%
Jan
Feb
—
'
•
Feb
Jan
11
9%
40c
—
Jan
i Feb
26'A
24
20
6'Ac
Falconbrldge Nickel
Famous Players
Fanny Farmer Candy Shops
Feb
65c
2.75
.
Feb
Eureka
Jan
18c
Feb
Feb
-
13%
n Sol Gold Mines
Class
Feb
66
•
9%
Jan
23.50
Eng Electric class A—
Feb
10 V2c
1,000
24 Va
Jan
21c
2,715
Mines
class
Jan
15 Va
Theatres
Paper
10c
1
—
Elder Mines
14,500
1.00
1
46
350J
,,'
Ddona Gold Mines
15 A Feb
Feb
.
160
:
-f,
15c
Jan
2.48
40
'.
.Jan
414%
Eddy
.
Jan
14%
Economic Invest
11
6c
:
Eastern
65c
14%
Mines Ltd
Sullivan
700
Jan
7,000
Eastern Steel
13%
6,300
61
16%
East
Feb
Jan
9%
23%
30% Jan
-:41c
'
4
60
16%
..
16%
Jan
Feb
14o
75c
37,400
.
2.40
45%
Jan
•
48c
East Leduc
15 Vac
Jan
90c
Jan
11c
42
100
—
Malartic
Jan
235
1,600
6'Ac
0
new
Oil
Feb
Jan
11 %C,12 Vac
11'Ac
12c
26%
Jan.
Jan
5,125
2.70
"
'
Jan
.
Feb
10,375
47c
2.55
;
99c
24
5,000
35
12,450 ;
15
Crest
76c
Jan
4'A
30c
42c
•
Amphl Mines
East
16c
75
12c
15-
3.70
Jan
28'A
435
7%-
3.95
23'A
East
30
C14A:
.7%
-
12c
Jqn
275
25
13%
#
common..
1.75
5,300
30
13%
Jan
East
22c
Jan
6'Ac
25
& Chemical
pfd
Gold
26c
,27% Jan
Feb
——'
Duquesne Mining Co
Duvay Gold Mines
Feb
37c
FW>
,
Jan
100
Feb
70c
■
2.07
11%
——,
32c
Dulama
Jan
24c
Feb
22
Jan
2%
Feb
100
500
22%
lbc
26%
5,400
1.40
1
Stores
Donalda Mines
78c
4%
Feb
Jan
45%
24
10
Textile
700
76c
~
•
Dominion Steel & Coal class B
Dominion
Feb
27c
44'A
__
•
Jan
35,250
•
—
Jan
Feb
3'A
Jan
•
•_
24%
94
Feb
100
-
Preferred B
Canada Cement common
Preferred
Jan
2'A
——^
Bread
23%
Jan
24%
21c
__
Flirt
Feb
23 7A
Jan
16c
1G0
75C
1
Foundry & Steel
Dominion Malting common
20
25
'A
23
ll%cll%c
2
Dominion
Jan
25
2,000
4
Jan
1.09
42c
Ltd
Jan
100
IL'C
Feb
26
16c
154
Jan
27c
—
1
Bank
7'Ac
125
100
•
26%
Dominion
22
26
Jan
1.00 Jan
25
Feb
1
Yellowknife
Mines
Feb
Feb
22%
16c
27c
148
80c
4%
1
Dickenson Red Lake—
Dome
12,380
Feb
10 7A
1
—
Lake
19%
2%
100
Red
Jan
6c
25%
21c
2.02
11
26'A Feb
17 v;
Feb'
2%
*
preferred
Feb
Feb
25%
2%
._
i
9.50
1,550
24%
Feb
70c
40
1
......
4c
1,475
80c
24 Ve
1
.
109
Jan
Jan
Feb
152
85c
21c
Feb
10%
80c 91'Ac
12c
Distillers Seagrams common
Diversified Mining
..
2nd
Dexter
Jan
5,000
24%
.
Calder-Bousquet
Denison Nickel Mines
Detta Red Lake
Jan
23c: Feb
29c
4%c
*
Calgary & Edmonton
Jan
18 Va
Jan
Feb
91%
15
22%
1
28c
1,000
A
65c
Feb
2,628
149
76c
Mines
Feb
2,515
....
Delnite
14c
21
Mines
Jan
169
21'Ac
53c
*1?
2,500
25c
Steel
Caldwell Linen
160'A Jan
■
96
Feb
10%
*
24,500
15c
6%c
;
92'A
•
Feb
53'4C
-
101
94
'
44'A
A
60c
203,4
1
class
Feb
20%
«
21'Ac Jan
1
—
46c
4V2c
*
Feb
Feb
Feb
25
17%
..
Leather
; Class B
Jan
13c
.
2,600
26%
__t
Davis
16%
16c
1
12,900
3%
„.
Jan
8.90
Jan
61c
d
53c
80c
•
Class B_——
Burrard. class
Jan
25c
Jan
D'Aragon Mines
Davies Petroleum—
17%
22c 24 %c
*
Burns & Co class A
41
Feb
7.70
15
1,000
■«».-*
50c
17%
..........
Products
Burlington
Feb
10c
Feb
Jan
11,200
1
<3ub Aircraft
Jan
38%
.754
26%
—
Lake
72c
Jan
1.50
1.00
46,893
100
—
Coal
Patricia
54c
17%
•Buffalo Canadian
Red
75
Jan
36c
Jan
Feb
18c
Jan
36c
1.40
83c
75c
1
Pershing
Nest
Crowshore
Jan
6
100
.
22
.Feb
61,700
100
Buffadison Gold—..—
Buffalo Ankwrltfl
39
8.00
* >
Feb
Feb
18c
10
—
_*
Mines
Jan
9
13c 14 %c
1
'
Co
9
7 %c
62c
•
Mining
Bit
Feb
Feb
18c
*
Imperial Mills
Croinor
12'Ac Jan
Feb
4
25,550
10%
100
preference
Eroulan Porcupine
Bruck Silk Mills..
52c
—25
British Columbia Power A...
'■
Class B
British Dominion Oil
Canada
9% c.Jan
500
*
3%%
conv
preferred—
British Columbia Electric
pfd
British Columbia Forest—
8c
Jan
Feb
34c
1,667
Jan
27c
14c
5
common
17%
*
common..
Feb
Crow's
19
14c
*
72c
Jan
163 164%
1
Oil
Crestaurum
28
23c
•
130
200
"*■'
Jan
11%
Feb
5'/8C
10%
53c
Brazilian Traction Light & Pwr
com__»
American
Craig
Feb
Feb
29c
Brewis Red Lake
Jan
25 Va
,
.
15'A
15%
88c
20'Ac
15'Ac Feb
8%
9
'
1
Exploration
Cosmos
Jan
1,000
15.%
-100
Jan
495
10 %c 12 %c
4%c
90e
2
&'Smelting
5
26
48c
17%'
1.50
87c
A.
Corrugated Paper Box
4% Feb
'
•
A
Conwest
Press
Feb
22 Vac
Jan
2.45
•
OH
Gas
Jan
10c 10 %c
164%
1.40
5c
Jan
10
100
>
High
Feb
2.15
30,400
34c
Jan
4.00
Cournor
39
'
preferred
Feb
25c
Feb
6'Ac
8.00
_l
Brantford Cordage
f
120
15c
Feb
3.10
4,400
i-i—■ 50c
—
Jan
19c
.
12,500
,
Gold
Calllnan
ioc
26
12c
.
Mines
Cadillac
Homestead
Consolidated
consumers
7c
48c
-1
—100
Beattie
Central
3%c
20
9
7'Ac
34c
Jan
13,500
18c
_-_i
Gold-
Building
Jan
6 %c
!
Boycon Pershing —i———
Bralorne Mines Ltd
Ruffalo
9%c
8%
9
•
Consol
Jan
8%
5%c
1.43
5
Jan
7c
18%
a:
13%
15 %c
10'Ac
1,300
34c
•
Bakeries
Consolidated Mining
Feb
1,500
36%
__,1
^
Coniagas Mines
Consolidated
3,315
27c
*
6%c
*
Consolidated
Consolidated
12
13,000
Bidgood Kirkland Gold —.—..—1
Bobjo Mines Ltd...
_1
British
Jan
Jan
26
Bertram & Sons A——
British
Jan
38c
Jan
5
__
.—I.*;
,
Telephone—^.
Brand
15c
Jan
15
Beaulleu Yellowknife,
r.-_2——
Belleterre Quebec
Bonetal
Jan
22c
:
Beatty .Brothers
Bell
10'Ac
90,000
610
'
'■-V'"—J."
1
■
11c
22c
*
1
0
4
—*
Commoil
Jan
16%c
3.95
15'Ac
Class B
Bear Exploration & Radium..
83
Jan
4%
•
A__
Feb
Feb
15 c
11
24c
Jan
8c
10 %c
-
10
Base
7%
9,350
12c
11,200
*
9c
3.10
—10
Scotia——
75
Feb
common
—
Yellowknife
12c
19%c
1
Montreal
6%
Term
Preferred
7c
20c
1
;
Collingwood
115
10%
8,000
2.35
25c
30,000
0
3.90
*
—
Feb
Lake
Coniaurum Mines
V:r, 4%
1
Bankfield
Bank
11c
1
Gold
Auto Electric
common——
Jan
9c
Low
33Ac
10%
10%
12
14c
1
Aumaque Golc Mines
Aunor
10%
1
Mines
31c
—
8V2C
10tic
•
Yellowknife
Aubelle
Feb
Jan
Plow
Range Since January 1
High
2.20
2.25
Jan
15c
500
Shares
Low
3%c
.—1
'Ac
.
1
Atlas Steel
9%c
7'Ac
146,300
.
Sales
for Week
—1
8c
1
Mines
Cockshutt
Feb
Feb
120
75
9c
Athona
5c
180
12c
12
Oil
10,500
6%
75
21V-°
*
10
Cochenour Willans
Malartic
Colomac
.6%
il_
12c
-
6c
Citralam
Jan
65c
Range
of Prices
Par
Jan
Coin
18c
Astoria
■''
Feb
4'Ac
19c
—100
Ashdown Hardware class A
:
42c
1,000
5%c
•
__.
Armistice
.
3,800
5c
2.12
Week's
Last
Sale Price
STOCKS-
High
Feb
48c
l
common—.
1.52
5c
A.rjon Gold
Ashley
Low
7,000
1
—
20
Friday
45c
•
Porcupine
MARKETS
FEBRUARY
Range Since January 1
High
1
_______
Resources
Argus Corp
Preferred
Low
1
__
Cons
Shares
*
_
ENDED
for Week
of Prices
Par
Oil
Anglo Rouyn Mines
Ansley Gold
Apex
Range
Sale Price
"
;
LISTED
WEEK
(879)
Sales
Last
STOCKS—
FOR
FINANCIAL CHRONICLE
Mines-
10%
,13
Jan
3%c
4.25
1
15c
10%
3%c
1,500
2'Ac
1
_i
•
10
•.
2'Ac
3,000
4.25
4.25
100
4.25
Jan
19c
38,390
10'Ac
Feb
32c
Jan
10%
1,015
10'A
Feb
11%
Jan
13c
10'A
,
39
40
COMMERCIAL &
THE
"(880)
LISTED MARKETS
CANADIAN
FOR WEEK
RANGE
Monday, February 23, 1948
FINANCIAL CHRONICLE
ENDED FEBRUARY 20
Last
/
Low
Par
'
Feb
Jan
8c
89c
91c
3,400
79c
6c
6c
1,000
5c
Gold Mines
•
Ltd
Feb
13 Vac
Feb
24 %c
20c
155,150
6c
7c
7,000
10c 10'Ac
10c
11%
5,340
5.50
6.00
18
Jan
19%
Feb
12
Feb
6.60
Jan
Nib
40c
14,800
30c\
Jan
31c
13,350
25c
Jan
44%
45
2,675
43%
Jan
48
3c
4,000
2'Ac
Jan
3'Ac
8%
9
150
8%
Feb
10%
26
27
1,705
25%
Feb
27
14%
15%
11,364
14%
Feb
16%
Jan
Jan
32c
Feb
Normetal
Jan
class
Metal
Int'l
340'
12 %
Jan
14 %
25%;
195
2#%
Feb
25'A
Jan
5c
Jan
7c
Feb
8%
Feb
9
Feb
7c
5,300
9
150
45c
47c
2,600
45c
Feb
55c
10%
Feb
12 %
Jan
30
29
Feb
30 'A
Jan
10%
29
29
29
30%
30%
31%
5,300.
30%
Feb
34%
Jan
•
__
Co
12%
12%
13%
4,425
12%
Feb
15%
Jan
44c
Feb
59c
Feb
_
common.
Petroleum
International
1
52c
45c
57c
95,400
_50c
l.JO
1.35
1.35
300
Uranium
International
Mountain
Island
10'A
•
A
Mines
North
1.45
Feb
1.30
Feb
Jacola
'Mines'
Ja6on
Mines
i
Mines
Jellico
Joburke
Joliet
—
1,200
4%c
Jan
2%c
3c
1,500
2Vic
Jan
6c
Feb
13c 14 Vac
1
-
11939)
14c
_1
;
Mines
6c
7c
19,168
13c
Feb
15c
Jan
6c
500
5c
Jan
7c
Jan
56c
22,750
41c
Jan
58c
Feb
45c
11,611
35c
Jan
52c
Jan
_
_____
_
6c
L-"
..
.
___
1
54c
50c
1
Ltd
Quebec Mines
39c
38c
.
Kelvinator
8c
26
30
_
>
1
14%
Golden
Gate
•
—
1
.
"t
Lake
Kirkland
Townsite
Ltd..
Gold
Dufault
_
12,700
22c
Feb
50c
JaiG
13,370
13%
Feb
15
Jan
14 %
13 %
34
40c
Jan
40c
Jan
Feb
22c
7
Feb
55c
41,500
50c
55c
6,900
50c
1.74
23,235
Mines
25
6.25
7,770
5.40
Feb
7.75
6'Ac
Jan
Jan
58c
Jan
4%c
47Ac
1,500
43 c
44c
7,400
41c
Jan
15c
Jan
3,190
12%
Jan
14
51c
1,400
48 %c
Feb
70c
Jan
2.95
300
2.80
Jan
51c
2.95
6.25
1,220
6.80
6.40
18
18
6%c
Secord
Laura
9%c
6%c
9'/2c
Lebel Oro
7c
7%c
36,500
:7'
7v-. "
Gold Mines Ltd
•>'
•> '"•
Little Long Lac
.
•
Groceterias
class
.
A
;7.
Gold
Omega
Orlac
500
12 %c
Feb
13c
12c
12c
1,600
10c
Feb
14c
Jan
Jan
59c
Feb
41c
12,800
50c
45'Ac
Maple
1.16
Jan
140
26%
Feb
31
26
285
25%
Feb
29
Jan
6
6
30
Feb
6
Feb
12'A
75
6
12%
1.56
Jan
14c
10'Ac
15c
638,700
10c
Feb
16c
Jan
1.00
1.00
100
1.00
Feb
2.00
Jan
7%
7%
3L5
7%
Feb
10%
Jan
18c
9,200
11c
Jan
18c
Feb
7%
17c
18c
Oil &
Petrol
32,900
78c
Feb
60c
24,200
53%
Jan
6'Ac
8'Ac
1,500
6c
Jan
10c
Jan
10c
1,000
4'Ac
Feb
96c
2,800
92c
Jan
Feb
10c
92c
28
Feb
new
com
■
29%
31
1.45
1.40
1.50
5c
Jan
7'Ac
7,500
5'Ac
Feb
8c
Feb
3'Ac
3'Ac
500
3'Ac
Feb
5c
Jan
40c
39c
Feb
46c
Jan
14c
Feb
20c
Feb
75c
Feb';
88c
Feb
18
Jan
20
Feb
lie
—
17c
12,870
36,300
80c
1,500
20
800
75c
75c
20
20
.
Porcupine
Peninsular
1
Porcupine
Reef
Gold
1
♦
__1
——1
Powell
River
Rouyn
Gold
Vtc
Corp
Power
5%
Feb
7%
Jan
3.00
8,900
2.75
Feb
3.15
Jan
31c
900
1.91
22,200
2%c
2,000
20%
70
20
11%
50
19c
25,600
6c
500
16%
17%
3,439
1.25
Preston
East
.
Quebec Gold _7.__
Labrador —
(1936)
2,600
Jan
56c
Jan
710
37
Feb
41'A
Jan
500
70c
Feb
88c
Jan
70c
72c
l.OCO
70c
Feb
72c
Feb
13
330
Feb
15
Jan
Oils Co
29c
40c
Jan
Oil
1.67
1.95
Feb
Jan
Jan
Jan
3c
Feb
20%
11%
Feb
14'A
Jan
18c
Jan
31c
Jan
2c
Feb
5c
Jan
6c
Jan
16%
Feb
18%
Jan
Jan
2.10
Jan
13%
Feb
14%
Jan
5'Ac
Jan
6'Ac
Jan
51'A
10
52
Feb
51
Jan
80c
80c
13%
44c
500
40c
Jan
45c
Feb
G2c
1
80c
146,450
60c
Feb
80c
Feb
74c
76c
8,000
70c
Jan
89c.
Feb
2,500
70c
Feb
90c
Feb
14%
8,895
12
Feb
14%
Jan
8c
14,600
6'Ac
Jan
9c
Jan
85c
80c
13%
7'Ac
2.35
2G
1,450
Feb
28'A
Jan
8
15
8%
Feb
9%
Jan
9%
10%
4,605
9%
Feb
13%
Jan
9%c
500
9%c
Feb
15c
Jan
61
765
56%
Jan
61
Feb
51c
Feb
75c
Jan
3c
9,030
2'Ac
Feb
3c
20c
Jan
29c
Jan
13c
500
13c
Feb
18c
Jan
7c
8c
11,500
7c
Jan
11c
Jan
'A
2%
1,000
2'A
Feb
3
12c
3,000
26c
15,300
17c
Feb
28c
Feb"
30
40
30
Jan
33
Jan
6c
500
6c
Feb
8c
Jan
13c
14c
3,500
10c
Jan
15c
Feb
Jan;;
30c
30c
24%
25%
17
Ltd
7 «0
1.0,75
28c
28'c
1,000
11,050
13c
;
19
A
15%
Knitting coin—
—
Porcupine
14%
Montreal Locomotive
Moore Corp common
—
Feb
7 85
Jan
Feb
32c
Jan
12%
Feb
14'A
Jan
140 *
18
Feb
19%
18
19
t5%
15%
250
14%
Feb
15%
Jan
35c
200
33c
Feb
39c
Jan
34c
14'A
14%
90
14%
Feb
16%
Jan
Feb
71
270
65
25
1,025
25
Jan
2 6'A
Jan
15c
2.500
10c
Feb
15c
Feb
For footnotes see page 42.
1
23c
23 c
28c
B
Silverw'd
31,900
23c
Jan
14
1,215
13
Feb
14'A
Jan
101
101
120
' Feb
102'A
Jan
10%
10
10%
Feb
16%
Jan
37
75
37
Feb
40
Jan
116
116
100
116
Feb
127%
Jan
3.85
4.10
6,380
3.80
Feb
4.25
Jan
8c
8c
500
7c
Feb
12c
Jan
13c
12c 13 %c
>11,000
11c
Jan
17c
Jan
58c
56c
60c
37,300
50c
Jan
66c
Jan
Jan,_
21
100
20'A
Feb
22
45
45 %
155
45
Feb
47
Jan
14c
14c
500
14c
Jan
20c
Jan
10
10%
%>.•' 35
10
Feb
20%
45%
-
23,200
18c
Jan
-
28c
Feb
1.05
2.16
2.30
13%
13
14
13%
13
13'A
7.25
7.25
8.00
51c
50c
55c
Gold
Malartic Mines
—
Co
Mines
(1944)
Standard Chemical common
_.—
1
*
—_—.___*
*
100
33c
122
18,000
36
10
40c
34,400
Feb
{..15'A-
Jan-; 1
13
:
275
a,
Jan "
12%
Feb
'
245
-•>
Feb
Jan
.2 09
2,300
32,498
r
v
25'A
19%
99'A
7.20
-
11% *
36
17%"
Feb
33c
.5
70c
-
-.
Jan
Feb
10%
V' 8
10%
99%
10
99%
25
19%
99
99% ;Feb
25
Feb
27
Jan
19%
Feb
22'A
Jan
99'A
216
98%
Feb
101%
Jan
35c
Feb
47c
36c
11,700
18
1.36
60c
94
,
780
725
40c
6'A
-< Jan vv
Jan 7,
%: Jail1 :
ll'A' Jarii-^
12
20
.78,725
60c
-37;
25%
43c
17%
Feb
Feb
''Jan
48<?
Feb
11%
10%
1.32
6%
8.00
Jan
200
Jan...
14%.. Jan
Jan
49C,
"
11%
30c
42C
10%,Jan,,.
> 1.15
3.15
1.00
99%
10%
——A
Sturgeon
Preferred
"
*
1
Siscoe
Sladen
Stadacona
:
100
Preferred
36
35c
11%
100
Western Dairies pfd—
Class B
Springer
1.02
•
*
■
■
10%
1.05
40
1
class A
Feb
12c
101
2.16
1,
Ltd--
Ltd class A
Feb
10 %c
Jan
5c
29,800
15c
4.00
1
—
Simoson's
Jan
7c 10'Ac
•
common
Dairies
Silverwood
Jan
19
12c
1
Mines
Jan
25
66
Miller
25%
116
50c
preferred—.
Ltd
Silknit
Silver
49c
37
*
(Quebec)
M & S Co
tiuanco
Jan
Feb
10%
—
Mines
Southam
12c
65
"A"
Jan
.—1
65
Mines
7.00
28c
..25
—
Breweries
38
Feb
16
730
13%
101
1
a*
100
1
.
C_
Class
100
12
,.
preferred
Mosher Long Lac
2
12%
common-.
T
A A-
17
16
27c
24%
8,000
32c
24%
1
1
Mines
Jan
7 '"0
Oils
V
Jan
7,950
60c
2%
Sicks'
Jan
10c
23'Ac
6c
1
Sheep Creek
Gold
Sherritt-Gordon Gold Mines
Sigma
20 c 23 %c
55c
Oil
Containers
25
13c
10c
13c
Ltd
Mines
Brewery
Jan*-
Feb
25'Ac
—50
100
preferred
Preferred
Wpg
2.50
Feb
2.30
400
2.35
14c
Shawinigan Water & Power
Shea's
'
10c
v
:
Gold
Gold
Senator Rouyn
Shawkey
1.80
600
7,000
44c
10c
Mines
Bannorm
3,900
6c
13%
A
River
Sand
Jan
1.94
51'A
—
Power preferred——-100
Corp common
:—•
Antonio
Ban
Feb
12%
13%
5%C
St Lawrence
Feb
66%
Feb
13%
•
Paper
Feb
10'A
655
-10
—*
Lawrence
60
57
60
1.85
Rupununi Mines
Russell Industries common...
St
11
11%
11
6c
1
Bank
Saguenay
Jan
75c
1
Gold
Roxana
45c
25c
46C
A
Lac
Rochette
Jan
30
—7^,
class
16'Ac
13%
1
—____73c
1
Silk
.2,200
60
Mines
Long
19c
38%
1
Roche
18c
■
Gold
Riverside
Jan
11%
Regcourt
Gold
Jan
3.50
12%
Mining
Richmac
2.30
Jan
28,000
75c
--
1
1
•
Gold
Feb
3.25
.
46c
*
Renabie
2.00
200
14c
37 VB
—■
,_1
—
16 %c
5,300
3.40
38
—'
1
^
40
—
Quebec
.
V
1
Dome__
Proprietary Mines
Feb
Jan
2.30
3.40
13c
-
46c
1
Metals
Preferred
8
25%
•
2.15
Ww
—
*
;—100
•*.
Trust.it
Premier
Feb
Jan
1,075
18c
43c
15%c 17'Ac
42c
13c
Jan
2'Ac
28c
Jan
1,000
7C
2.22
12c
1.51
10%
3C
Corp ___:
Jan
7c
Ro.vbar Chibougamau
9%c
7,----
Jan
1.55
7c
1
Jan
58c
Lake
32%
.
5'Ac
1
Jan
60%
Red Lake Gold—
Jan
Jan
1.31
10,183
1.21
7c
l
Porcupine
1.95
Jan
"
;___*
Feb
70c
V
5 %c
Pickle Crow Gold Mines
Piccadilly
3.00
20
v—A
5
310
A
30%
*
Gas
Jan
2c
10
Jan
85c 93 'Ac
56'Ac
1
:
Perron Gold
Jan
1.75
25%
1.15
85c
1
2.60
P'eb
-'*>>
17'A
Jan
59c
l
Pen-Rey .Gold Mines
Royalite
1
*
Gold
Mylamaque
Mines__l
Paymaster Cons
Feb
31c
Brick
Moneta
7'Ac
1
11 %c
9
class A_——
Milton
Class
Feb
1
Paramaque Mines
Parbec Malartic
Jan
6c
Mining
Monarch
5c
Jan
1
Cadillac
7'Ac
11%
McWatters Gold
Modern
1,674
*
Porcupine Mines Ltd
Pandora
9,500
2.85
Porcupine Mines—
Mid-Continent
-
1
.20
Red
5c
.
McDougall-Segur
McKenzie
5c
•
Tubes
Hershey
Page
Royal
6%
10c
18c
McColl-Frontenac
McMarmac
1.35
70c
92c
1.000
18c
11 %c
10c
'
McLellan
Jan
Petroleum
Feb
5%
Preferred
Mclntyre
Jan
'
Massey-Harris common
Grain
Jan
92c
(Ea.'.tern)
Pacific
18c
300
•
59c
11,500
10c
Paciiic
Jan
1,900
•
11,500
1.25
x
Mines
15c
12,100
Martin-McNeely
McCabe
Jan
Jan
'
18c
Gold
Marcus
4%
13%
Feb
1.23
44.300
1.38
10
_
12,350
70c
1.12
Jan
25 %
Milling
Leaf
Jan
6,880
11c
Maple Leaf Gardens
Model
1.50
1.34
1.54
& Eastern
2.02
59 %c
Pacalta Oils
Reno
277A
7-1—1
Consol
Jan
1.88
69c
1
Feb
1.20
10c
Malartic Gold Fields
2.20
Feb
1.81
1.95
1.25
Quemont
1.25
Jan
Manitoba
^
Mines
Queenston Gold Mines
1.26
Mines
4c
<
6'Ac
Lake
Quebec Manitou
10c
Magnet
Lake
Red
Osisko
Jan
9'Ac
Gold
3 'Ac
—1
1
Jan
85c
Lake
Jan
7,500
4'Ac' Feb
*
78c
Feb
4,800
Red
32c
Feb
Supply
Jan
38,200
B
Jan
3c
Orange Crush
61c
1.00
Class
24c
0
Jan
2.90
VTadsen
8,500
1
Jan
%c
*
"
Jan
28c
25c
1
_
.
„
Ontario Beauty
4'Ac
1.15
10 v
55c
Omnitrans Exploration
17%
6,255
1.40
Jan
Feb
26%
1
1
•
•
40c
45c
■,
-
5c
Jan
95c
Mines
6,490
Oils
Okalta
Feb
2.62
Gold
Jan
49c
<>
_
•
•
3c
14
99c
MacLeod-Cocksnutt
Jan
10c
1
715
2.77
Macfie Red Lake
10c
Feb
Mines
2,500
1
1
MacMillan Export class A
Feb
1.96
Feb
Feb
•
Gold
14%
*
MacDonald Mines
24cJam
.«
5c
Purity Flour Mills preferred.
Mines
_
Feb
1.5 6
Purdy Mica Mines
Yellowknife
Macassa
11c
7'Ac
Jan
11'Ac
'
32,500
9,000
Jan
1.27
Gold
14c
11,435
8c
1.29
Lunward
Jan
13c
23,600
11c
12%
,
—
51%
7c
Feb
1
—_1
—
Goldfields
Feb
1.84
Jan
0
A
Class
44%
8'Ac
Jan
12%
Louvicourt
5,450
6c
Jan
5,500
•
,
Hosiery com.,
46'A
1.78
7%c
68c
1.23
Jan
44%
7'AC
..
3%c
•
•
•
Jan
1.40
7c
20
1.20
45'AC
1
Lingman Lake Gold Mines
Lynx
6.80
Jan
66c
12C
7'Ac
Feb
5c
1.78
Feb
6c
12 %c 12
1
.___
Jan
Jan
Ogama-Rockland
Pressed
1.16
1
Class B
Jan
1.20
Ltd
Lexindin Gold
London
3.00
6Cc
Mines,
Leneourt Gold
Lobiaw
(1940)
3c
Oil
Leitch Gold
46c"
1.20
'
7'Ac
.
14
14%
Mines
Leduc-VVest
Feb
515
•
5c
14,400
7 %c
Candy,
4,000'
31c
1
—
6%c
3,200
_
Mines.
"U"
Jan
'(
——1
Feb
18
40
6c
Cadillac
Lapuska Mines
Jan
'
3,700
Feb
500
14
13
6.75
Feb
13 %c
Mines
Powell
10c
12c
12c
*
.
38
Jan
Jan
Lang & Sons—
Larder
Jan
25
Jan
24
Jan
24 %
43c
!
47,450
Feb
1.25
Pioneer Gold
Jan
19c
Jan
15c
4,200
16c
47Ae
1
Feb
15c
28c
Feb
24c
5%c
Feb
1.78
Feb
1.30
5.75
X_1
1
1.15
90c
6,300
Jan
15c
1
Mining—,
Lapa
40c
4'Ac
Gold
Lamaque
26c.
24%
5.90
1
Feb
31c'.
1. 3,800
-
Feb
6c
Jan
15c
15c
_
—
Mines
Luz
78c
___1
Mines—
(1945)—£•_
Wasa
La
____
Mines
Shore
Lake
Jan
1.57
'■
.
1
.
_
Mining & Exploration
Lake
Feb
57c
15c 17 %c
«
(John)
Lake Rowan
22c
500
40c
1.57
___1
Kirkland
Laeuerre
122,600
69 c
17c
X
__
Kirkland-Hudson
Lake
Feb
34c
40c
__1
_
Labrador
Jan
34c
__
Lake
Labatt
26%
22c
1
__
_
_
Kerf-Addison
Kirkiand
Jan
23 c
,/
_
_____
Gold
Jan
Feb
69c
27c
•.
2.99
>
r
44%
Northland Mines
Pamour
7 8c
6c
24%
1,000
26
_
__
Hill
Kenville
Kerr
7%c
_
Gold
Kelwren
Keno
1
*
Mining
Kayrand
28%: Jan
.,
,
Jan
5c,
Jan
6c
Gold
•
2.15/Jan
35
Gold
Inca
Osulake
Jacknife
24
Jan
Jan
20
*
Nickel
International
Feb
Feb
'
1.25
Northern Canada Mines
10%
Powders—
Bronze
,
20c
15c
;
40
.
17,250..6,000
Feb
22'A
1V
-19%
Jan
12%
Feb
5'Ac
Mining
Norpick Gold
«
Int'l
27c
19c
Norseman Mines
8%
45c
1.00
26c
Mines
O'Brien
1
91c
Norbenite Malartic Mines
6 %c
6'Ac
Jan
,
28 Va
'
13%
12%
24%
6c
27c
Gold-
Noranda Mines
26c
15 'A
2.65
5c
Rouyn Merger
Yellowknife
Nipissing
34c 37%c
___6
(John) & Co
Inspiration Mining
Inglis
5^000
24
2.48
—1
Norzone
New
2'Ac
—1
Lake Gold
'
6c
Jan
Feb
16
12-.;.
'<v
i',620
;.
: 24
2.58
Jan
30c
44%:
Marlon
New
35c
1
1
•
1
*
A
cc
—
5.35
11'A
13%
45
High
•
,.,
Jan
27% Feb
v,.;.. 200;
20'A
19%
1
Mines
Calumet
9c
10,825
CO
Feb
15c
10
.
■
12'A
._10
—.
New Bidlamaque
8c
Feb
28
£
Car
——
Nefr
Jan
9'Ac
100
Steel
Trust
Negus Mines
New
6c
4,000
18
18
Imperial Bank
10
Imperial .OH
•
Imperial Tobacco of Canada ordinary_5
4%
preferred
—
25
Indian
13%
Jan
10'A
_
class
Jan
14%
5.85
:
Malartic
Hunts
Jan
95c
10%
Hgdson Bay Mining & Smelting
Hugh
16c
Feb
*
1
Gold Mines
^
Jan
73c
13 VaC
13%
12%
Preferred
Low
10'A
•
V' 105
13%
27%
20
National
10c
1,800
325
14c
1
National Grocers common.
National
1.050
H
preferred-
Drug
415
V?"* 'r
13c
13 %'
National
National Hosiery class A__
80c
Mines—5
:
Yellowknife_;
Hosco
Feb
Jan
95c
7c
*80c
*
—
Oil
Howey Gold
'
"11c
t>-
•
1
Hollinger Consolidated Gold
Homer
•
'
..V
:
*
—___—*
i—.
Dauch
&
Jan
Feb '
■■•>''< A
7,
11%
11
Range Since January 1
Shares
High
Low
Par
80c
;
Highridge Mining
Highwood Sarcee
'
'
of Prices
•
Jan
Jan v
12c
7c
.——1
—
Mascot
Home
7c
11,500
—_1
_—
Gold
Hinde
1,000
7 Vac
1
—:
-Hendershot Paper common.
Heva
£'%c
Range
gala Pries
jSTOCKS—
January 1
High
7c
Mines
Headway Red Lake
Heath
Low
8%c
Gold
Hedley
Range Since
Shares
High
_1
—
Gold
Harrlcana
Ha saga
,
—1
Gold
Harker
for Week
Last
for Week
Range
of Prices
Sale Price
STOCKS—
Sales
Week's
Friday
Sales
Week's
Friday
'
6%
95
60
6,400
Feb
39c
Jan
Feb
19
Jan
1.32
Feb
47c
Feb
640
6
Feb
45
94
Feb
3,946
Jan
28c
17%
1.50
68c
7%
97
Jan
Jan
Jan
Jan
Volume
167
Number 4675
THE COMMERCIAL
&
CANADIAN
RANGE
Friday
Week's
.Last
STOCKS—
Paving
*
common
Preferred
Stanley
Starratt Olsen
Steel
Co
Inlet
Taylor
9%
68c
Jan
77c
240
,
67"
Feb
78
72
Feb T.
80
2.00
Feb
19c
20c
6,000
19c:
Feb
1.57
1.70
4,600
13c 13 %c
11,467
1.70
3'Ac
1
—
1.84
25 %
125
10%
10'A
Feb'
Winora
Jan
Wool
22%
Gold
Gold
Tombill
♦
Feb
2.05
Feb
1.66
Yankee
Toronto Iron Works class A
25
v
Feb
27'A
'
__*
Toronto Stock
Jan
40c
46c
17,400
40c
Feb
49c
Feb
10c
10c
lie
109,900
9%C
Feb
21c
Jan
Traders
Finance
Cnited
preferred,
Class
B
United
12c
12c
12c
2,500
12
12
50
10%
103
class
A
preferred
j.
«
u,
98
W)
Mines
14%
14%
220
14
2.15
6.70
6.90
481
22
22%
90
4.80
4.95
1,887
25'A
26%
10C
v";-'
Winchester
Larder
22%
100
1
Mines
1
Gold
27%
Co
4
10
3%
Jan
4%
Jan
Pulp & Paper
Jan
7.20
Feb
Feb
22%
common
&
4.60
Jan
5.30
Jan
24%
Feb
26%
Feb
10c
Jan
19 %c
Jan
9c
Jan
10c
Jan
26%
Feb
29%
Jan
_
Consolidated
Dalhousie
165
25
Jan
26%
Jan
110
72
Feb
88
Feb
2.405
4
Oil
.
3%
4%
82
20
82
Feb
108
17%
17%
50
17'A
Jan
18
Jan
16
'•V'V
15%
16
460
15'%
Feb
18%
Jan
20
Feb
i*.
* v1
*
20
21
100
_.
1.55
105
135
140
15
140
3
V
3%
3%
1.00
1.00
16%
•
_
'
Jan
Jan
24%
Jan
Feb
1.90
Jan
Feb
1.50
135
143%
Jan
1,425
500
1.00
Feb
1.25
17
2,190
15%
Feb
19%
1,250
40c
28%
3
%
Feb J
-v..
3%
Jan
Jan1
Jan
40c
Feb
60c
Jan
50
22'A
27
Feb
32
Jan
200
20
Feb
23%
Jan
Jan
4.10
Jan
29
21%
^
6%
3%
40c
28%
*
i
Feb
1.00
:
16%
40c
*
_
_
3%
70
1.55
.
-
«
Bridge
Jan
25%
__
Paper
Donnacona Paper
10
7 4'A
—
Dominion
High
Jan
25
,
_
Western Lumber
Copper
8
73
•
common
150
17%
Sugar
_
Low
9
73
1
Dominion
Range Since January 1
High
25%
100
Feb
Coast
Low
___
Canadian
2.35
Sales
Shares
com__*
Wickers preferred...
+
Jan
for Week
_
Marconi
Feb
Weck'a
Range
_
Canadian Industries
1,500
75
.■■■.
21'A
Feb-..::
25
33'A
Feb
36
Foothills
Jan
23
170
22%
Feb
99
Jan
28
.:•
Oil
3.60
«
tnternational
Jan
101%
: »■
___
_
Paper
&
Ontario
Selections
__
_
_
9c
8,000
oC
Feb
12c
Feb
7c
9c
Pend
2,800
7c
Jan
10c
Jan
7c
8c
5,800
Reliance
7c
Feb
11c
Jan
Oreille
145
50%
3,740
49
49
20'%
4'%
'
—-
•
Paper
_
700.
22%
48%
48'%
.
100
22
4%c
_
Jan
9c
3.60
21
21%
•
common
Langley's Ltd preferred
Minnesota
1,317
100 100'/a
Oil
Hayes Steel
Jan
35
7%c
Jan
'
Preferred
Bulolo
Jan
120
■
—1
Columbia
_
Canadian
7%
33%
22'A
Feb
9c
of Price®
*
__
Canadian
16
-
22
9C
Corp
Jan
Feb
Feb
33%
100
Preferred
40c
Feb
8 %''
Jan
Feb
v
V
.
48%
21%
*
*
2.90
Jan
7c
2.61
'A
•
10c
27%
'
4,000
C: ".'1
•'
Jan
22
2,475
13 %C 14 %C
•'/£
10
2.61
•
"•
V..
:
Feb
-6.50
.
•'
Jan
5%
6,233
6.70
'
Wingait
766
2.05
*
com__:
Wiltsey-Coghlan
6 •'
2.05
10c
Jan
19c
6,000
4
National
Canada
14%
.
'•
•
Brown
Jan
25
14%
*
V
British
Feb
47
25%
7
Andian
Jan
63C
155
*
common
Class A__-__—
(Geo)
12C
98
48
4.95
••
Feb
Feb
47%
57/a
2,825
14,100
7c
—
Par
!
Jan
Feb
48
*
Products
Weston
10%
106
96
7%
Jan
32c
Sale Price
Jan
47c
1,800
1
Grocers
Feb
6'%
*
Wekusko Consol
Westeel
9%c
7%
*
Western
Jan
Jan
2,600
•
Amulet'
Malartic
Jan
10
Jan
24
2.90
Last
Jan
12%
8'A
Virginia Dare preferred————25
&
12 %c
Feb
105%
Feb
8c
7c
Friday
Asbestos
30
52c
.
1
:
(G
98
49c
V'
52c
*
—_______
(Hiram)
Feb
50
preferred
Ltd
80c
9c
500
.
Feb
12
10
10c
68c
245
106
10c
'
——
•
Upper Canada Mines
Walker
10%
lOo
'
•
Steel
Ventures.
3,903
100
.
Co
Fuel
73c
21 'At
25
Jan
Canadian Fundi
'
Transcontinental Resources
Gas
68c
Jan
5c
Exchange-Curb Section
Feb
3.50
73c
Jan
98
29c
*
Knitting class B——___
Feb
10%
Feb
43c
1
2.70
30 %c
Girl
25%
Feb
Jan
Jan
50
21%
Feb
96
Jan
1.99
9%
__*
Toronto Mortgage
Towagmac Exploration
21 %
High
20 V'e
Jan
19c
Feb
3.05
*
-
1,000
Feb
100
—*
——————
Elevators
5c
2.85
Yeliowrex Mines
19,120
1
Gold
Toronto
5c
(
__
STOCKS—
Toburn
5
5c
.—'——5
York
3.30
1
5,808
96
,
Wright-Hargreaves
Low
23%
96
1
—
Combing
Jan
20c
Range Since January 1
High.
21%
100
Jan
2.40
3.10
Thurbofs
Mines
1.55
12c
2,670
25
lo
Mines
Low
•
__
1.75
*
common
Preferred
Jan
435
1
Shares
Jan
5.200
2,050
•
■/
67'/a
Feb
72c
68%
Winnipeg Electric
Feb
Feb
73
3.10
West
21
9
10
2.19
1
Waite
Feb
72
Thompson-Lundmark Gold Mines
Onion
18
for Week
•
67
9
Sales
Range
of Prices
Par
Jan
6%
55
2.10
50c
preferred———
Gold
High
Feb
73
1
common
Person
Teck-Hughes
200
9
7
Week's
gale Price
STOCKS—
Ymir
,
Ltd
5
2.12
1
8ylvanite Gold Mines
Tamblyn
18
67%
67'A
25
__:
100
70c
——i;
1
1
Steep Rock Iron Mines
Sturgeon River Gold
Sullivan.'Cons Mines
Surf
18
*
20
Last
Low
5
67
_*
common—.
Preferred
,
18
41
MARKETS
FEBRUARY
Range Since January 1
High
5
'67
:
Gold
Canada
of
5
*
Radio class A—t——__.s
Brock class A
ENDED
Friday
Shares
*
__;
____
Standard
WEEK
(881)
for Week
Low
Standard
LISTED
FOR
CHRONICLE
Sales
Range
of Prices
Sale Price
FINANCIAL
1
_
Grain
Temiskaming
24
•
-
1
-
.
21
Jan
23
Feb
48%
Feb
59%
Jan
5
49
Feb
49
Feb
22'%
2,415
20
Feb
23%
Jan
4%C
2,000
4
Feb
6'Ac
Jan
2.90
Jan
2.35
••s
_
Mining
c
3.00
:
2.35
+
,
100
%C
2.30
Feb
24
10
23%
Jan
7c
7c
1,000
6%C
Feb
'
28
Feb
8c
Jan
For footnotes see page 42.
Foreign Exchange Rates
U
Pursuant to the requirements of Section 522 of the Tariff Act
of 1930, the Federal Reserve Bank
certifies daily
Secretary of the Treasury the buying rate for cable transfers in the
different countries of the world. We
give below a record for the week just passed:
Statement of Condition of the 12 Federal
Reserve Banks Combined
to the
'
>
'
%
,
*
,
4
FOREIGN
EXCHANGE
RATES
[ji
CERTIFIED
'
BY
FEBRUARY
«
.
t
JI
/
^
FEDERAL
13,
"
(
RESERVE
BANK
1948 TO FEBRUARY
19,
*
J
TO
'
'
1
A
»
t
"
'
1
>
TREASURY
.
,
'»
7
» '
UNDER
"
'
r
<
<
'
'
'
I
L
1
(tn thousands of dollars)
Country
j
;*
■
-V
•»
v-
?•
>
'
.
1948
TARIFF
ACT
OF
Assets—
1930
Gold
1948, INCLUSIVE
and
Monetary
Noon Buying Rate for Cable Transfers
in New York
Value in United States
Unit
••■V*'1
Feb. 13
Argentina, peso—
)
Pre®--.,.-—.—-
■
$
Feb. 17
$
.
Closed
.251247*
3.212133
Feb.19
$
$
.297733*
.297733*
.251247*
3.212133
Feb.18
:
:
.297733*
,
.251247*
Australia, pound
Belgian, franc__
Feb.16
$
.297733*
-
U.
3.211150
.251247*
3.212133
t
.022801
.022798
.054406
.054406
Czechoslovakia, koruna
.202060
Denmark, krone
1.000000
.886796
.570100*
•
'
Closed
.208604
4.031171
.
Official
—:
e
.004671*
•
.003265*
India (British), rupee
:
.205753
—
Netherlands, guilder
v
'
-jj
'
•
.377309
.570100*
'
■'
.004671*
.004671*
.004671*
.003270*
.003270*
.301678
.205753
■....;.
.377352
.377297
.205753
'Newfoundland, dollar—
■
Official—Free——
1.000000
(—
New Zealand,
Closed
.039700
escudo,
——
,
Switzerland, franc—
—
Union of South Africa, pound
.278264
4.007500
v■!'
1 Controlled—.,
>
Noncontrolled——
| f-
,
y '.t-
.568300*
.883333
.887500
3.224000
.039781
'
'
.091324
vi-i-
.
3.225000
.201595
•V.''
.039753
.039684
.091324
.278264
.091324
.278264
.233628
4.007500
.
,
:
.233628
4.007500
S.
46.909,704
.658300*
.658300*
.658300*
.658300*,
.561800*
.561800*
.561800*
Treasurer—gen.
y
r./ -\
1,400
24,069,669
16,749,993
acct.'
1,725,429
f:
■
—2,806,851
.
59,000
+1,262,200
+178,047
+'4,832,635
125,806
—2,974,633
—155,319
-
—3,018,643
+
7
—
+
4,457
+
9,230
+701,959
+
567,750
4
+
599
+
5,479
+
98,564
.+
592,633
+
810,043
—
262,348
—
H
•
—114,679
—287,368
+
+538.824
980,337
632,933
—
420,922
deposits
availability items—.
liab., incl. accrued divs.
—
21,147
+
"
478,082
—
24,178
'+
243,178
6,680
19,374,426
+206,131
+
597,269
2,729,618
+496,570
+
441,710
1,114
+
4,553
+589,136
+
781,184
15,673
liabilities
46,189,386
+
Capital Accounts—
Capital
paid
in
197,256
Surplus (Section 7)
Surplus (Section 13b)
Other
+
J
of
gold certificate
serves, to deposit and F.
liabilities
6,728
+
88
1
8,368
47,330
+
3,400
+
13,676
46.909,704
+
592,633
+
810,043
+
6.9%
re¬
R.
•
>
>
combined
Contingent liability
on
purchased for foreign
50.0%
—
0.1%
-
bills
cor¬
respondents
*
make
+
+
27,543
Total liabilities &
cap. accts.
Ratio
97
448,189
capital accounts—
Commitments to
-Vv
'
Total
Total
3,519
—6,262,617
=====
..
Other
note
.658300*
i
32,915
145,529
.....
Foreign
trial loans
-i*;.•+
3,268,884
Member, bank—reserve acct.
U.
30,419
47,529
+
95
133,025
items
assets
+
.278264
.233628 '
4.007500
♦
1
21,242,476
banks
Deposits:
.887083
.201595 :
-
*N0minal rate.
i
-
vv+
(
+
—
1,398
—
1.000000
3.225000
.201595
.0397{43
.233628
Closed
.658300*
i-
1.000000
4.007500
.
1
Uruguay, peso—
1.000000
.278264
.233628
securities.
banks
other
Liabilities—
Other
.091324
.091324
Sweden,' krona_——
of
Deferred
"A
vy
.201595
.
Spain, peseta
i
3.225000
.201595
[Portugal,
'"
.884375
3.225000
.Norway, krone
and
foreign
20,943.061
premises
Total
.377334
1.000000
.882708
pound
loans
notes
securities-
other assets
.205753
,377397
,
.
.
U. S. Govt,
from
R.
Bank
.301678
.205753
•
•
+3,122,120
—109,841
4,344,933
1,653,500
5,586,025
Uncollected
.003272*
.301728
'y'v
...
F.
4.031250
.003267*
■
15,937
+
110,861
—
+
Total
.208604
.301678
+
7,876
—282,523
4,158
.0200.60
4.O31015
4.030000
.004671*
+3,232,990
20,124
+
368,155
9,358,603
Federal Reserve notes
%-V
.301678
Mexico, peso
T'
.020060
.208604
France> franc—
Free—
.889609
:570100*
.020060
.208604
1.000000
.890000
.570100*
.020060
4.031250
1.000000
.885625
.570100*
.208604
England, pound sterling
securities:
Bonds
Due
1.000000
''"-V
—
+
295,257
•
Notes
,054406
.885156
peso.—.—
advances
loans
Govt,
,
21,718,625
.022798
.054406
^*-5;*VV:
682,455
reserves—.
Certificates
3.212133
.022731
1.000000
Free
Colombia,
S.
'
•
;
and
.' *■
$
28,000
R.
-•Bills
Total
+Official—i.-—:—
■'
gold ctf.
Discounts
Canada,dollar—
.
F.
—.
Industrial
.297733*
.251247*
1054406
BrafciL cruzeiro
for
1947
$
+
•
,022773
-
fund
»
Total
1948
$
21,036,170
Other cash
Feb. 14
$
f t Official-
■'
v
certificates
notes
Money
•'
V-
Increase ( + ) or
decrease (—) since
Feb. 11,
Feb. 19*,
Feb. 18,
1
Redemption
'i
,
.((
4,773
+
724
—
3,774
7,219
+
25
—♦
848
indus¬
,
42
THE
(882)
COMMmCIAL
&
FINANCIAL
T,1—
CHRONICLE
Monday, February 23; **1948
OVER-THE-COUNTER SECURITIES
Quotations for Friday, February 20
.
'/
•i:\'1
.Investing <Companies,
"■ ,■
Ask
Loomis Sayles Mutual Fund
•
88.48
3.87
Loomis Sayles Second Fund
10
42.24
43.10
3.35
3.r0
3.45
■3.81
3.28
3.62
3.88
4.28
10
23%
1
25%
3.53
Managed
Funds—
Automobile shares
3.87
Oilstocks
Associated Standard
Equipment
shares
shares
77/B
8%
Drug
1
6.79
7.34
Electrical
5
14.05
15.27
4.09
Beneficial Corp
Blair
Inv
3.99
5%
Non-Ferrous
3.35
3%
Paper shares
3.76
General
Industries
Steel
7.70
14.78
15.98
15.63
1
Petroleum
19.26
7.69
10O
Fund Inc_.
Broad Street Invest Co Inc—B
96.15
17.82
Bowling Green
17.13
1
Securities
Christiana
Preferred
3.60
27.48
shares
12.37
Fund
1
._
-
Shares
—.
National
General
Investors
1
Corp
tSept.
8.45
1
9.14
1.46
6.58
series
Bond
Low
Priced
Preferred
Series
Series
Series
7.01
4.75
3.40
3.05
4.85
5.61
6.24
•
21.75
23.51
Selected Group Series.
4.86
Corp..—.—*
1
New
York Stocks
9.01
9.13
10.01
stock
6.52
*'
-
'
•
•
'
.•
100.0069
.0171
99.9783
lis Oct.
1,
.9754
'
11 %s
.
•'
1948 Series G
1948 Series H
Feb.
1949
JI'/bS Mar. 7.
.9916
99.9736
.9921
99.9741
.0364
.0322'
'
100.0134
.0247 ;
1949 wi_——_ 100.0049
■■
■
.
.9759
100.0195
i
1949—
1,
.9757
99.9619
1948 Seris J
1.
Ask"
99.9617
1948 Series K
*1%S Jan.
.9917
99.9614
1,
•••■>. tls Oct' 1,
-
100.0011
1,
July
Bid
V'/i-
:■
Federal Intermediate Credit Bank Debentures
6.03
.
1.10%
Dated
1.25%
V 3-, 1-48 v b 1:25"
6- 2-47
-
12^
3-
lr47
1-48'
Electrical
Industry—.—
equipment
stock
,-4-1-48
v.
8-
1.-47
A5-
1H18
*•;
bl.35
1.15%
9-
2-47
6-
1-48
-
Due
••
i'*!
Bid
-
■Ask
1.30%
»
10-1-47
7--1-48
bl.45
1.20%
-11- J-48
8-2-48
bl.50' 1.35%'
1.15%
1.20%
1.25%,
1,35%
1.25%
bl.40
1.15%
1.10%
bl.30
1.15%
11.09
1.55%
11.77
6.94
Diversified
9.79
1.10%
10.82
10.74
6.15
9.02
11.18
9.87
prefeired stock
Dated
1.10%
bl.2§
«
>.
Rate
Ask
Bid
Due
.
10.12
Diversified Investment Fund
Diversified
7.61
4.84
5.26
9.40
Machinery
9.68
Merchandising
8.28
Industrial Machinery share*—.
6.67
7.24
Metals
7.23
Institutional bond shares
9.73
Oils
13.69
,
9-
1-48
bl.55
1.40%'
<1-
2-48
10-
1-48
bi.eo
1.45
2-
2-48
11-
1-48
bl.65
1.50%;'
12-
,r
1
47
15.00
10.11
.
'7.92
9.27
1-47-
10.61
8.00
7-
10.30
7.45
7.38
11.08
v,
shares
bond
General
Investing
.
Mining shares
RR
.
Railroad
7.67
2.60
Tobacco
4.13
4.49
4.92
Putnam
,3.89
4.23
Republic
4i29
4.66
Russell Berg Fund Inc
4.19
4.52
10c
1.52
1.56
——6
4.1*63
21.22
—
shades
—
Howe Plan Fund Inc
Income Foundation Fund
Petroleum
&
Group
.
shares———
1.00
12.04
23.49
Fund Xnc.-l
12.17
12.45
■
8-3
S-4
State
20
14.05
15.11
I
2.45
2.69
1
24.97
26.85
Fund
Amer Shares
28.43
23.25
25.37
15.90
5.85
Investment
25c
Union Bond Fund
20.66
24.21
13.70
11.97
3.88
series A
4.67
17.45
C
Par
Bid
1948
bO.97
0.91%
May
April 1, 1948—.
bO.97
0.91%
May 13.
New York
Preferred
19.08
Stock
Fund
7.32
Fund—1
18.89
20.65
8.96
I
8.78
16.11
17.59
Bankers Trust—
15.58
Brooklyn Trust A..
7.01
7.68
Inc
Eank
North
Amer
6.22
7.15
•
2.24
2.56
Shares—
Trust
1
Series 1956
3.09
1
Ask
Insur
10
43
45
25
57
Bid
Casualty common
Prior preferred
Convertible
preferred
10
18%
20
American Automobile
4
36%
39%
8
10 V*
11%
Massachusetts Bonding
American
5
Equitable
American Fidelity & Casualty_5
14%
16
Merchant
10%
12
—2%
15%
Merch
32%
10
10
27%
29%
National
16%
18%
11%
12%
56%
National
29
32
Casualty
2
Amsterdam
New
Brunswick
73
New
69
New York Fire
18
Fire.
Connecticut
10
General
Continental
Life
19%
16
10
York
of New
68
;
33%
10 •"
40'A
51%
Pacific
Fire
28%
Pacific
Indemnity
67%
10
48
Fidelity & Deposit of Md
Assn of Phila
20
143,
10
10
5
46
49
90
93
Firemen's
FranklM
of
Newark
Gibraltar Fire
11%
& Marine
70%
Providence-Washington
.
148
Reinsurance Corp
( N Y)
Republic (Texas)
Revere (Paul) Fire
St Paul Fire & Marine
Seaboard
10
16
2nd
preferred
15
Great
American
5
lo
Hanover
Morgan
National
Corn Exchange Bank & Trust_20
503A
52%
50
66
%0
10
14
17
Sterling
10
35
37
Title Guarantee
100 1,225
1,285
Fire
10
Hartford Steamboiler Inspect. 10
Trust
Bank
National
46
11%
13
21%
23
Recent
.
7
72
77
99
104
48
New
10o
Jity Bank
York
United
A
■
%r 49%
50
Trust
Bank &
States
&
Trust
12
85
38%
69
25
39'A
82
36%
:
Trust_17%
Trust
;.
37%
25
National
244
238
12%
73
8%
100
„
93%>
!.
520
550
Security Issues
Bid
5
10
82
4 %
30%
85
5%
32%
2
10
10
4%
95%
93%
Stocks—
Ask
94%
1967
27/aS
95
Par
Connecticut Light &
$1.90
Bid
46%
-
Firestone Tire & Rub 2%s„ 1972
POfwerAk
Lt
Power & Lt
Georgia
95
96
96
1977
3s
104%
103%
Florida
Harbor Plywood
& Lt
4%%
49%
88 ; V
pfd_100
1
89
9%.
9%
98
102%
3%s„ 1977
Pow
47%
48%
101'A
101
3yBs—1977
Pow & Lt
Delaware
Ask
Power—
preferred
$2 preferred
Dayton Power & Light 3s__1978
V
Kentucky Utilities 4%%
pfd_100 xlOO
Monongahela Pow 4.80% pfd 100
England Gas & Elec—
—
102
98
..100
New
3s__
3%s
ll977
Ohio Public Service 23As
1976
94
3%s
1977
94%
Philadelphia El Pwr 2%s
1975
943A
Kentucky Utilities
Y
N
Telephone
Pacific
Pwr & Light
1978
4%%
97%
96%
103%
'
preferred
Pennsylvania
104
3.70%
95%
95%
:r
100
Electric—
•93
91
r'Ar
preferred—
100
821
Philadelphia Elec 4.30% pfd_loO
Pitney Bowes 4%% pfd
50'
85%'
;
103
102
51%
Potomac
Edison
Electric
Southern
Cal
3%s—1978
,
100'A
1^1983
100%
3s_
Edison
3%s__1973
Toledo Edison Co 2ysS
-—
96%
1977
3.50
A
preferred
Southn Cal Edison 4.88%
104%
•
Speer : Carbon
98
Tennessee
! r
Stocks—
,
;
.
Par
.
Bid
100
80
A
83
;'
A_
103Va.:
4%%
Ask
Texas
Power—-*. -A-;A&;;.
——100 - 104
105%
Birmingham Elec $4.20 pfd—100
90
A 92
Appalachian Electric
4%% preferred
West
Co„
Gas
11%"
28..,
-12%
Co.—
:_i
100
Transmission
92
•
Corp "A"_iw_
Disinfecting
27»4
_•
Transmsn
preferred
Eastern
Tucker
pfd 25
common__50c
93
8%
V
8%
4
—1
,
■14
1'2
5%
27
19
t
,53%.
Public. Service (Indiana)— ;.£•
51
-
A.
29
Security
42%
8%
Surety
New
Haven
Sprgfld Fire & Marine
Standard
Accident
69 %
72%
10
45
47%
10
23 %
25 %
10
40%
42%
Included
in
10
26%
28%
change.
r
12%
a
17
72
77
Travelers
29
Fidelity & Guaranty Co__2
U S Fire
4
U S Guarantee
10
44%
46%
48
64%
2.50
30%
32
Odd lot sale
Cash
in year's range)
(not included
year's
range).
sales
(not
e
Ex-interest,
included
28
105
32%
U
100
S
Westchester
Fire
495
w
510
67%
I',
delivered,
d. When
-■
.
■^No
dividend.
w
i When
Issued.';'x Ex-dividend,
:■
,
par
value,
b Bid yield price,
,
f Flat price,
in year's range).
51
30 %
47
47 %
-
20
(J P) & Co Inc
Public Nat'l
1977
Bonds—
Arkansas Pow & Lt
Cudahy Packing 2%s
Potomac
~ 6
27%
26%
1634
1,480
42'A
1
Manufacturers Trust Co__
:
264
i
15%
25
»
'23%
21
101
Lawyers Trust
10
Trust—.
12%
19%
7%
19 %
43
52
24%
5
Globe & Rutgers Fire com—15
34
.26%
10;
22%
Globe & Republic
32
24%
10
Accident
is %
40%
Falls Fire
Hartford
,
Preferred
10
5
Glens
7
25
Co
5
Fire
General Reinsurance Corp
27%
5
49%
28%
35%
-r
•155
100 1,440
County
22%
46
6 V4
12.50
-
26%
10
Fireman's Fd of San Fran
25%
43 %
•
5
Northeastern
Northern
26 V»
100
Kings
lo
Continental Bank & Trust
&
255
Trust
Irving Trust—i——
' 39 >A
—20-
Bank
185
Guaranty
37 %
J
,Trust Co
Florida
71
Federal
Fire
6
2.50
10
—
5%
27%
10
Thoenix
Employees Group—
Employers Reinsurance
%
10
River
10
Casualty
Crum & Forster Inc
20%
2
Hampshire Fire
66
46%
'27%
5
Casualty
.10
Camden
25
lo
National Union Fire
North
19%
26
(Detroit)__10
70
7%
44%
5
4
Liberty
25
6%
10
5
Assur
National Fire
54
—2%
Shippers
&
39'A
140
100
88
A4 100 *
15
35%
1
5
;
Mfrs Fire N Y
10
Boston
City
&
Fire
25
New
Bankers
37%
85
Ask
Bid
100
National
97
17
Baltimore American
bl.00 -0.96%"
—
Trust
Grace
367
95
25%
94
20
Jersey Insurance of N Y
24
10
North America
American Casualty
—
1948-—
Par
Fulton
25%
352
100
Ask
5
Co of
Maryland
Automobile
0.96%
20,
Ask
23%
100
Fiduciary Trust
60
American Surety
Co—10
York—
Central Hanover Bank & Trust 20
Federation
2.50
Par
Home
Reserve
0.94%
bl.00
1948—l—
Companies
46
American
bO 99
Empire Trust
2.50
Series 1955
83
American Re-Insurance
Manhattan
Chemical Bank & Trust
E
Series
80
of Newark
the
of
Bank of New
Commercial National Bank &
Shares—
Trustee
Independence Trust Shares
43%
American
Bid
10
14.49
1
_1
Unit Type Trusts—
Diversified
10
American Alliance
0.93%
1948—
6.
City Banks & Trust Cos.
Par
6.69
Chase National Bank
10
Life
0.93%
* b0.99
83c
B_1
Fund
World Investment Trust
Aetna Casual & Surety
Agricultural
0.92%
b0.99
1948—
29,
rrr
1
Stock
Street
Aetna
Aetna
b0.98
1948—
15,
April 22 1948
April
First
Insurance
April
0,90%
25.
0.91%
5.90
Whitehall
5.20
Insurance
0.90%
0.90%
March
Ask
b0.98
1948j__
8,
b0.96
1948_„.
18,
20.86
B
Union Common
4.25
1
April
<
69c
Series
26.41
12.56
b0.96
43.50
Series
17.48
18.94
Bid
b0.95
1948_.
b0.96
March
'6.41
40.50
70c
Corp.*
Trusteed Industry Shares
Bills
A
10.74
62c
10c
9.80
16.02
10.97
Fund
9,93
1"
;
17.34
8.98
Ask
.
46.57
2%
Investors
Investing Corp
Wellington Fund
27.19
26,
..
May
•
Street
Union
(Appreciation com Stks)_l
(Low Priced com Stk)—1
Knickerbocker
5
Inc
Selected
Wall
Keystone Custodian Funds—
B-l
(Investment
Bonds)—1
B-2
(Medium Grade Bds)__1
B-3
(Low Priced Bonds
1
B-4 (Speculative Bonds)
1
K-l (Income pfd Stocks)—1
K-2 (Appreciation pfd Stks)_l
S-I (Quality commen Stks)_l
S-2
(Income com Stocks)—1
February
March 4, 1948
March 11, 1948
1
Invest
Fund
25.54
shares
Bid
Scudder, Stevens & Clark
13.20
10
Bond Group
Investment Co of America
Invest Management
82c
74c
90c
.*' Insurance Group shares
stock and
8.81
8.03
shares
Group
10.64
Fund
Standard Utilities
Institutional Securities Ltd—
Bank
8.10
Trading
(Geo)
Sovereign
Aviation
5.47
6.99
9.71
,
United States Treasury
5.61
6.38
7.39
equipment
4.24
—.
Investor*
9.07
4.99
3.90
shares
Incorporated
5.28
5.12
2.38
shares
Utility
4.86
7.07
shares
Equipment shares
Tobacco
Utility
4.53
Bond
Railroad stock shares
Steel
Public
Railroad
6.98
Steel
shares
Petroleum
Railroad
Coast Invest Fund
6.11
7.28
6.43
■..
shares..
Merchandise
Pacific
5.63
6.71
....—
shares—
Price
Low
shares—
Administered
Insurance
8.68
10.24
10.54
Corporate bond series
5.44
7.97
1.
Rate-
7.92
5.66
shares
Fulljr
'
—
V;
9.34
—
Chemical
7.08
6.87
Food
„
—
•'
Ip<jebtedue««i—
7.87
5.01
—
1948—
1948
■V-*
6.20
7.18
-
7.35
Equipment:
t7/as July
;
.0052
*'/«s June 1, 1948—
*7/eS July 1, 1948 Series F—
9.87
5,74
Aviation
5.21
5.55
r
.
—
Building shares
Chemical shares
|%s Mar. 1,
t%s Apr. 1,
Ask
Bid
r
'**.•.
of
t7/eS
.9913
.0356
Indebtedness—
'
Inc—
Agriculture
Building' supply
shares
99.9733
1%
*
'
"
3.70
Automobile
Group Securities—
Aviation shares
<
'
14.76
6.22
4.86
\
of
3.66
3.27
13.76
'
1
*
Certificates
.2701
1%% 100.0186
—
42.37 J
39.40
Bank
Automobile
121'A
5.40
13.48
5.38
—
3.29
New England Fund
27
12.30
Fund
Investors Inc
Series
Low Priced Com Stock Series.
1.90
1.74
1,
_1%% 100.2535
1, 1949—
Certificates
5.38
Industrial
Stock
—1961
Maturity—
>
7.56
Stock Series
Agricultural shares
100.9
120
Issues
Canal 3s
Price
Ask
Bid
7.22
6.37
6.84
4.30
Bond
Stock
Int. Rate.
■.
1948—.:—
1948
15,
tOct.
f Jan.
15.02
Corp
Capital
Electrical
shares
24.23
General Investors Trust
100.2
100
100.5
1949—
Other
100.20
Dollar
Maturity—
National Security Series—
5.80
2o
100.4
13.96
Speculative Series
First Mutual Trust
Fundamental
98.12
20,
">Aik
99.30
99.28
—
U. S. Certificates of Indebtedness
13.67
14.05
10
5
2
Fundamental Trust shares A—2»
Bo6ton
12.77
12.73
22.67
Financial Industrial Fund Ino lo
First
l%s Jan.
Panama
7.86
1
Fidelity Fund Inc
98
_—
11.16
—1
Fund
1955-1953
25.22
10.32
Securities—
Balanced
Eaton to HowardStock Fund
1,
Bid
1%S Apr. 15, 1948
>1-%8 Sept. 15. 1948
-100
97.12
*
15.10
1.33
—250
7.17
23.33
1
10
Income
Balanced
2%s Feb.
99.22
97
:
4.61
1
Mutual Invest Fund Inc
145
5.34
Fund—
Delaware
Dividend
1%S Jan.
1952-1950—.:
1953-1951
May
4.37
10c
Fund
Nation-Wide
2,820
140
—100
13.97
Commonwealth Invest
1950-1948—
1,
1,
,1%S
Loan Banks—
Home
Inc—
Common
13.39
com.—100 2,720
——
4.18
3.96
Mass Investors Trust
29.55
1
shares
shares
Manhattan Bond
4.75
•
Inv Fund Ltd—
Century Shares Trust
Chemical Fund
shares
Metals
Mass Investors 2d
Canadian
32nds of a point
one or more
Federal
Ask
4.15
3
Equipment
92.30
Inc—
Bullock Fund Ltd
1,
Bid,
.
3.70
•
of America..
Tr
Bonds—
4.40
4%
1
Corp
Holdings
Bond
Boston Fund
l%s Oct.
Bank
4.51
Home Furnishings shares
1
Fund Inc..
Axe-Houghton Fuhd B
Axe-Houghton
Land
Federal
:
Business
series A
Shares
Figures after decimal point represent
90.2?
3.53
Business Shares-
American
Bid
5.29
Corp
Holding
Amerex
Par
4.81
.—IV*
Inc
Fund
Obligations Of Government Agencies
.
Aik
1
Aeronautical Securities
Affiliated
Bid
Par
Funds—
Mutual
tin default.
tThese
bonds
.
are
d Deferred
k Admitted to listing
t Ex-stock
dividend.
y Ex-rights.;
z
delivery sales
N.
on
Y.
(Un) Unlisted
Ex-stock
(not
Stock
Ex¬
issue,
dividend.
• V-
subject to
_
all Federal taxes,
tIEx-liquidating
Volume
167
Number 4675
THE
COMMERCIAL, & FINANCIAL
THE COURSE OF BANK CLEARINGS
CHRONICLE
;
.
for all cities of the United
'
ago.
'•*
chief
summary for the week follows:
Clearings—Returns
|
;
1948
Boston
——
582,9^9,946
+
789,000,000
525,'519.547
365,178,146
St. LOUlS
»
Pittsburgh—.,
'* tHCTftland" -v/l
^
r.V
Ten
+
cities, five day#
i
:<Total all
ah
cWtti'
,iv:
citie^'flve d*y»
;'•
- * -+ ? -
'•}' V-s '(*$'% i
-y.Vv^y>'*V 'r:': v
»r±\y.,
-;.*■+
32.7
ends
inext. week.
^
West
Holiday
+
0.2
2,064,920
+
4.0
5,310,159
4,826,830
by the f oregoihg will
6,313,143
of
i
135,030,662
124,086,231
221,384,749
3,336,839
5,294,464
231,437,619
688,439,191
664,920,889
lutriict
totals show
2,787,364
record
a
a
decline'
Federal Reserve
64,716,560
District—Atlanta—
V
i; '
Week Ended
/•:.
'
furnish,
Feb..14
Federal Reserve Districts
,
Total
12 cities
12
York
; 4th
.Clevelaiitd
6th
Richmond
v
477,042,137-
<•''
A».lnnt,ft
Michigan—Ann
Grand
688,439,191
7th
Chicago
Ith
St.
—
9th
4
Minneapolis
Kansas
.
357,019,263
526,812,272
17
—
——
Louis—
10
L
«•
South
...
12th
San
Francisco
Total
>
6
10
-112
-
Terre
Des
;+
685,231,438;'
>
387,133,263
223,072,124
597,177,622.
^
b
468,133,752 !
.11,753,188,360
Outside New York City
>
695,573,510
327,498,955
2,940,979
79,259,312
5,998,283,245
8.9
317,503,149
.
5,806,932,904 i
7;o
182,458,581:
192,645,485
add
1947
b>+/;+;>""
;
;;
First Federal Reserve District—Boston
Maine—Bangor———
*•
1,952,491/
Portland.;—I_L—
6.8
532,902,657
2.2
11,318,123,659
St.
4,682,473,600
$
257,530
546,828,019
3.7
468,133,752
416,960,109
2,110,547
—21.9
774,717
707,596
+ 13,5
7,469,437
6,319.709
6,039,058
+ 12.1
4,947,266
5,031,535
4,945,127
47,109,000
+ 23.4
3,647,180
3,451,902
1.5
35.208,000
32,185,000
4,761,858
+ 14.4
12,159,562
50,166,365
+ 10.7
3,404,396
10,614,391
+
5.9
+
3,508,106
+ 10.8
+ 13.0
12,865,981-
+
;:+
5.7
••—
v,
1.0
,
"•688,893
'812,122:
Springfield——
7,079,340
:
Worcester
10.616,371
—
5,222,364
-
v.
Island—Providence^
5,130,774
22,004,954
:+;.
8,618,417
27,410,100
New Hampshire—Manchester—
;; V';
v.
1,511,484
cities) __i———
500,65.1,638
*
;
+
—
1,376,401
756,396
502,375
563,925,236
3,294,045
555,890,425
2,588,415
+ 27.3
2,140,644
2,030,289
11,365,836
8,592,402
4,914,541
3,716,846
6,924,678
4,110,828
+ 19.6
3,386,338
2,630,792
2,791,428
+ 33.2
2,406,508
1,926,683
cities)—929,525,303
846,670,867
+
9.8
725,473,037
695,573,519
+
9.1
-
'
—
3.0
237,400,000
108,037,523
—11.6
75,176,373
1,826,422
87,563,808
—14.1
409,942,099
-
217,600,000
'95,539,304
...
414,944,155
1,742,824
173,100,000
:
62,678,773
V..
4.8
+
4,896,231
Dakota—Fargo
Dakota—Aberdeen
185,793,855
71,154,618
66,393,487
5,848,109
1,117,868
:
577,862
-
..
1,584,871
5.9
'-
•
3.9
4,570,519
4,020.901
202,148,195
131,410,318
7.2
53,991,555
46,378.281
+
—
4.8
5,562,471
+ 12.4
1,522,679
1;929,397
2,652,798
+
9.8
2,299,962
1,377,862
+
6,982,072
6,728,792
3.8
5,142,453
3,793,009
274,837,980
+ 18.3
275,237,834
192,645,485
385,003
312,340
+ 23.3
581,650
Federal Reserve
463,186
6,114,393
+ 25.6
408,654
356,284
7.1
4,790,925
+ 12.5
80,338,604
3,958,256
65,654,432
District—Kansas City—
+'■'+
1.8
20,464.463
-
+
2.2
1.6
?+
7,818,886
207,353,613
6,788,063
184,431,913
10,768,087
+
9.2
;'
11,756,636
1,740,082
.8,684,623
1,918,517
6,107,942
9.3
1,758,661
1,525,481
4.5
1,368,379
1,301,595
1,058,931
387,133,263
8.9
317,503,149
272,987,913
2,882,240
121,470,000
15,536,198
"
,
—
+
Eleventh Federal Reserve
District—Dallas-
6,296,150
'<
Texas—Austin
447,381,480
416,237,003
6,019,696
Wichita
4.7
4,903,412
7.8
145,068,000
20,105,653
6.4
18,435,307
4,387,000
7.1
4,354,000
3,000,922
2,737.232
9.6
2,208,630
1,969,706
8,335,337
7,938,687
5.0
7,489,232
6,337,268
238,608,768
223,072,124
7.0
182,458,581
150,834,965
195,786,000
21,389,975
Fort Worth
Galveston
6,317,552
181,586,000
4,076,838
Dallas
833,239
'
•
7.2
+ 29.2
421,547,350
Pueblo
19,318,700
*>
1,031,692
4.9
3,121,226
+
3,211,355
20,379,300
;+12.8
4,728,117
255,397,500
7.0
—
1,594,623
Colorado—Colorado Springs
17,094,539
•
7,862,989
.+
>
-
<10 cities)
York—Albany—
Binghamton—
—
Falls
Louisiana—Shreveport
/
•;
44,370.433
2,256,178
;
2,436,520
63,094,175
Elmira—
New York
1,743,973
—
1,446,395
2,126,280
—
72,207,766
•1.348,362
;
—
Jamestown
5,754,905,115
_s
18,324,816
17,889,343
•—
10,942,050
7,891,836
586,062
631,065
8,702,977
7.4
2,067,849
1,302,246
7 + 21.9
—
New Jersey—Montclair
^
'
Newark
>'
1
Northern New Jersey
Total (12 cities)
61,710,000
7-4
—n.i
•
15,648,886
;
/
+ 48.2
7
6,248,475,788
.
2.4
■
1,323,289
.
5,669,577,741
.>
36,513,021
47,818,813
44,860,083
5,988,363,431
6,454,779,867
—
—
+
—
7.1
»
8.9
6.6
13,908,585
7,073,964
6,814,247
6,810,306
7.2
' 628,136
33,900,256
\
43,653,873
6,429,583,163
(6 cities)
,
474,722
,
+
Twelfth Federal Reserve District—San Francisco
Washington—Seattle
27,810,133
38,637,910
5,836,866,960
105,516,403
Utah—Salt
Lake
California—Long
City
<
Beach
+ 13.3
3,406,037
—21.5
3,522,173
85,542,959
+ 38.8
71,463,274
41,910,294
39,210,005
+
82,314.155
6.9
32,476,512
78,289,995
2,450,029
73,763,096
25,542,371
9,559,121
San
Francisco
Jose
v
8,385,635
8,569,091
Pasadena
8,587,243
—
0.2
7,282,707
338,427,917
5,091,776
345,659,722
—
2.1
294,836,000
—
Grand Total (112 cities)—
Outside New York
—
v
2,174,201
-
8,682,338
10,896,513
—
4.7
+
0.7
3,045,671
6,658,317
+
1.0
5,605,488
4,892,472
+
6.8
532,902,657
503,749,520
—
2.2
11,318,123,659
10,352 051.341
+
3.3
5,069,647,871
4,682,473,600
9,510,739
9,979,356
3,883,325
>6,727,374
cities)
+ 14.0
310,625,267
7.885,072
>3,910,429
Santa Barbara
Stockton
Total (10
92,862,213
2.675,493
118,710,844
Yakima
Oregon—Portland
San
8,664,202
+
1,085,862
'
33,275,033
-
7+
Total
2,639.553
6,772,592
1,681,856
1,832,162
-
Connecticut—Stamford
;
57,892,541
,
6.8
—
12,312,066
11,697,788
5.4
—12.6
6,212,477,366
Rochester;
Syracuse.
j
:'/3:
■
41,988,759
Buffalo
:i
York—
209,271
13,526,983
i
St. Joseph
Total
252,687
94,439,116
5,727,476
10,467,167
5,327,108
;
City
+
273,874,682
Wichita
,5,112,931
4,622,351
6.6
6,546,740
106,213,843
,
Missouri—Kansas
'
4,135,717
2,412,547
■r
•
r
New
1,120,174
297,883,906
325,122,799
(7 cities)
1,463,317
6,739,502
8,431,971
477,042,137
491,259
45,581,635
1,160,185
+ 27.1
+
6,142,272
2,711,620
2,913,421
Kansas—Topeka
356,962,600
;
80,982,097
»■
327,498.955
1.2
4,714,229
230,616,728
Paul
Omaha
V/ 3,379 367
.
170,200.000
90,559,997
»
District—Minneapolis—
Nebraska—Fremont
7955,678
1,535,708
26,979,200
1,339,504
7,516,985
+ 22.8
+ 10.6
Hastings
3,487,050
+17.9
+
14,927,573
849,475
(4 cities)
Total
1945
377,669,291
.
+ 34.1/
.
'
646,002,246
„
6,688,047
20,542,552
;
•
1,676,260
2,279,340
20,304,769
0.5
38,584,679
1,042,995
Montana—Billings
$
/.;
6.9
1,794,848
3,650,241
11,013,717
44,509,866
2,769,120
11,020,378
(17
Tenth
1946
+ 23.1
2,247,007
:
or
Dec. %
•
396,553,826
1,776.035
Connecticut—-Hartford
Inc.
5,237,239
87,253,762
—
714,533,933
South
10,352,051,341;
5,069,647,871
4,167,897
419,023;784'
!
Total <12
5,205,075
303.444
—
26.552,475
'
North
*
New Bedford—
New Haven—
2.6
+
94,207,794
30,009,700
'
Minneapolis
503,749,520
3.3
1,585,963
/'4,455,-942
Fall River——
Rhode
57,214,850
6.0
^12,607,057
A
Lincoln
—
Massachusetts—Boston—
V
62,385,143
8,944,560
'r"
^
Ninth Federal Reserve
Week Ended Feb. 14
Clearings at—
5.9
our
1948
+
2,181,571
52,343,550
13,457,169
53,112,774
.
Minnesota—Duluth
detailed statement showing the
figures for each city for the
week ended Feb. 14 for four years:
now
2.577,175
2,352,889
65,961,014
7.3
3,886,805
Helena
We.
2,953,519
4.7
—
474,239
>'
Moines
Total
150,834,965
+
;
,
154,700,000
+ 21.8
+
6,318,284
•
Sioux City
272,987,913
+
12,019,410.270 '
15,884,308
39,310,124
172,500,000'
3.7
—-
73,286.067
•
3.3
—
297,883,906
275,237,834
+
—
'
.1,649,079
Vv
416,960,109
725,473,037
;
F.2
+
*
6,771,363
Rapids
Tennessee—Memphis
Illinois—Quincy
292,409,499
+ 18.3
604,174,812 '
'
5,448,461
'
Missouri—St. Loulis
Kentucky—Louisville
613,037,495
-
;
41
645,517,705
S
13.532,065
48,732.809
Eighth Federal Reserve District—St.
Lonls-
662)864,967
329.541,991
9.8
—
V
+ 12.9
—14.2
6,100,180
47,807,000
.Illinois—Bloomington
Total
.
13,894,268
58,525,776
10,152,977
■_
Haute
m s
M
cities
292,409,499
416,237,003
'
llth Dallas
"
"
/
Bend
Iowa—Cedar
5,836,866,960
•
3.7
—
274,837,980
'421,547,350
238,608,768
i
;
.
103,784,772
Wisconsin—Milwaukee
1945
.
447,381,480
5.3
—
414,944.155
325,122,799
_
50,590,211
.
District—-Chicago-
Arbor
Rapids
n.
<M
329,541,991
—
•
3.6.
846,670,867
409,942,099
.
5.3
+
357,619,263
526,812,272
b
Peoria
6,429,583,163
•'+■ 3.5
546,828.019
*■
929,525,303
7
City
2,478,003
154,543,342
3,064,304
6,482,122
Decatur
SI
'
-
10th
1946
7:2
—
664,920,889
338,730,962
U
1,518,723
7,238,000
75,981,220
£3,718,058
439,507
Lansing
Indiana—Fort Wayne
Indianapolis
•I
10
•
.
or
4.9
+
__
767,386,894
'
6th
1,957,684
8,066.000
87,036,920
175,699,025
97,559,305
Springfield
Dec. %
6,454,779,867
739,926,842 './
•«*
ft
—
Inc.
$
5,988,363,431
■
M
1
—-u-
1947
500,651,638
H
11
1,989,873
1.8
8.1
741580,273
.
<10 cities)
Seventh Federal Reserve
'
Philadelphia
17,633,400
6.0
+ 15.7
3,844,322
Mississippi—Vicksburg
'
New
613,037.495
—10.2
3,582,787
•
Louisiana—New Orleans—
CLEARINGS '■;+>
$'
2d
Id
BANK
OF
1948
Boston
597,177,622
2,907.661
76,757,497
,
—.
Mobile
by Federal Reserve Districts:
a summary
SUMMARY
1st
3.5
—
204,500,000
'
;
Rockford
;b;+
•:
239,708,351
—
59,874.403
3,702,657
.
Macon
Chicago
we
224,913,501
179,426.318
•
15,687,370
50,220,754
197.800,000
t
Alabama—Birmingham
of 1.2%.
,
following
4,152,742
3.0
+ 25.0
9,390,000
338,730,962
Florida—Jacksonville
loss
Reserve District there is an increase Of 8:9% in the Dallas ReDistrict of 7.0% and in the San Francisco Reserve District of
6.8%.
In the
4,6*3,252
+
103,791,786
3,365,154
161,091,208
Columbia—Washington-
*
of 18.3,% but in the St; Louis Reserve District the totals
show
serve
2.680,925
9.6
—
;
In the. Chicago Reserve Dis-
j I f. in the Kansas- City
;;
+ 13.0
—
2,229,095
9,218,000
Georgia—Atlanta
Augusta
improvement of 9.8% and in the Minneapolis Reserve Dis-
an
+ 15.6
204,525,284
20,799,300
24.649,900
97,552,676
__
;
Nashville
Philadelphia Reserve District of 3,6% but in the Boston Reserve
a gain of 4.9%.
In the Cleveland Reserve District the
by 5.3 % and in the; Atlanta Reserve District by 3>7%;>
* trict the
4,082,149
7.5
6.1
224,505,082
...
(6 cities)
Sixth
larger by 3.5 % but in the Richtnond Reserve District the totals- are
smaller
'
+
4,584.698
+
+
4,783,514
Tennessee—Knoxvllle
b; District the totals register
-i totals are
+ 11.9
142,370,779
this it ap-
i!
662,864,967
We cannot furnish them today, inasmuch-as the week
that in the New York District'(including this city),the tdtals
>
5.488,800
685,231,438
3,771,863
appear
are
of 7.2% and in the
6,201,906
3.6
231,518,145
Virginia—Huntington.
District
able to give: /final and .complete resuIts
;for the .week previous-—the<*we£k'
; {'■ iended'Feb,4 A ~ FqMbat week' there was a decrease of 2.2 %, the'
aggregate of - clear¬
ly, ings for the whole country having amounted to $11^753,188,360 against
$12,019,410,270
ji ;ih;.the same j:weekihM94?.Outside; uf)this" citythere)was;;a gain bf+33% /the-bank
| j r clearings at this center having recorded a loss of -7.4 %. .We group the cities accord¬
ing to the Federal Reserve Districts in which they are located and from
?:■
+ 84.7
—
District—Cleveland—
Carolina—Charleston
Maryland—Baltimore
V
$li;i50,713,527." +39.8
Saturday- and the Saturday figures
;t- pears
1,367.807
1,957,451
3,817,797
7,062,791
153,055,092
Richmond
*
we
1,789,539
266,777,049
28,483,800
Virginia—Norfolk
are not/ available at time of going to
press.
•<,+^Accordingly,- in ithe^ahorve^ the: Ia$f. day of the vveekin allcases-■ftaSf:' to-; TbSft*;-■
vi' In^t^iei'dabbrat^
',detaited."staieiiieiitj'.however^ which- we; present fiirther below
.
3,271,682
6.5
+
767,386,894
South
Total
Complete and exact details for
in our issue.: of
y
t
+
'
1,741,611
4,103,792
Fifth Federal Reserve
District—Richmond—
9.8
■
2.076,032
1.3
5,959,599
8,914,759
(7 cities)
+ 55.6
+
V+iiftO,530,396
2,152,845,
+ 13.8
—
+ 50.6
$8,730,696,795 b + 39.0
$15,593,981,766
045,000,000
739,926,842
<11 Cities)
Total
242;000,599
~
Total all cities!1
659,000,000
—
2,557,762
+ 54.5
.2,420,016,732
'/
4.3
4,436,517
3,825,492
Pennsylvania—Pittsburgh
$14,"^93,451,370 $U;i50,713,527
-
i
738,000,000
Youngstown
5.0
+
160,728,780
2,656,650,507
-
-
2,122,244
6,196,315
Mansfield
217,253 966
$12,136,800,863
-
Other cities, five days
I
+ 10.7
1
2,596,402
Jersey—Trenton
Fourth Federal Reserve
+ 11.9
267,300,000
241,102,847
—17.0
2,292,763
Columbus
259,926,887
376,552,580
Baltimore
2,956,366
4,377,343
Cleveland
343.422,461
335,554,838
425,173
863,436
.
Cincinnati
360,501,000
_
626,763
467,257
832.830
19.2
296,000,000
^
„
Saq Francisco———
782.601
+ 44.8
706,000,000
2,909,606
Ohio—Canton
290,723,713
—17.6
+ 18.6
Delaware—Wilmington
+ 43.9
'ij,
1,132,132
716,687
York
+ 35.7
;.
....
Kansas City
$
830.359
Wilkes-Barre
+ 44.4
-1,071,000,000
•
1945
%
%
$5,502,946,010
694,770.759
Philadelphia..
+■.4+')
1947
$7,945,009,579
Chicago
>'1946
■
■
2,454,578
Scranton
New
or
Dec. %
985,101
Philadelphia
Reading
com-
Inc.
i,037,469
.
Lancaster
Total
New York
$
933,416
;
—
by Telegraph
Week Ended Feb. 21
43
District—Philadelphia-
Chester
i'-\
t
$
'
Bethlehem
v
J parative
Federal Reserve
1947
Pennsylvania—Altoona
States from which it is possible to obtain
weekly clearings will be 39.8% - above those of the
corresponding week last year.' Our prelim¬
inary; total/Stands; at $15,593,981,766 -against. $ll;15p1713.527 for
ther same week in
1947. At-this center there is k
gain for the week ended
Friday of 44.4%; ;Our
1948
■
Third
clearings
"
-
Week Ended Feb. 14
;•
.
Bank clearings this week will show an increase compared with a year
Preliminary figures compiled by us, based upon telegraphic advices from the
/cities, of the^countr^i:ih:dicate^that fot^the weekended Saturday, ^eb, 21,
v
(883)
645,517,705
604,174,812
11,753,188.360
12,019,410,270
5,998,283,245
5,806,932,904
.
5,813,067
44
CHRONICLE
FINANCIAL
&
THE COMMERCIAL
(884)
Monday, • February 23, 1948
-
"
ENTIRE
Condition Statement of Member Banks
,.
System in leading cities
shows the following
principal changes for the week
ended Feb. 11: Decreases of $524,000,000 in holdings of
United States Government securities,
$582,000,000 in
demand deposits adjusted, and $249,000,000 in demand
deposits credited to domestic banks, and an increase of
of the Federal Reserve
banks
Electric
&
A
*
Xx-xx'Y
mortgage 5Ve
Announcement
v
:
''
"
,
tf-.
V o.V
X>
Fell. 11,
x
for
dealers
Name
D.)
Mfg.
Finance
Allied
5%
(quar.)
preferred
Coach
American
Colortype
+
861
+
3.844
48
2,912
+
American
3 Vi %
to
Other
—
loans
—
2
of indebtedness
Treasury notes
;
9.48
17
+
105
-+
65
9
+
633
Meter
Stores
Co.
Refining
Sugar
preferred
American
preferred
Co.
H.)
Cigars,
&
Son,
57c
Boston
Real
Estate
65
47.644
—
582
+
2,058
14,664
—
32
+
552
4-
76
9,017
banks
*
—
to
247
2
1
—
249
+
214
+:
and
except
accounts,
Govt,
S.
U.
3-10
2-23
37 '/2C
3-16
3-
.___
12V2C
3-15
3-
40c
3-26
2-2J
1
2-29
$60c
.
—
Mfg.
California
Ink
50c
1
3-s
1
3
3-
3-15
3-
3-15
$1.25
3-
1
2-19
2»/2c
3-
1
2-18
Co
Transacted by Jenks,
0
A
Shares
on
Kirkland & Co. (The Barnes &
Wednesday, Feb. 18, 1948.
$3 lot
common
class
A
IWm.)
Co.
Below will
common
for redemption,
those called
ing tenders, and the page number gives the location
the "Chronicle."
in
Page
Date
245
Cities Power & Light Corp., c&ss B stock—Mar
Aroostook
Chamberlin
Heller
646
Valley RR.,
Hotel
Inc.,
(Walter
Drake
income
E.)
mortgage
5 Vi %
Co.,
&
151
Corp.—
f
bonds
:
;
Feb 18
preferred stock-—,__Mar23
•
South
Steel
y v-v'1'.
.
651
751
Mfg.
(quar.)
Co.
Securities
Christiana
Date
and Issue—
1st mtge. 3s, due 1963
—Mar 1
Carolina, Clinchfield & Ohio Ry.—
1st mortgage 4s. series A, due 1965
—Mar 1
Chicago & Western Indiana RR.—
1st and refunding mortgage 4Vis, series D, due 1962_Mar
1
Cleveland Union Terminals Co., 1st mtge. 5-Vis, ser. A.Apr
1
Firemen's Insurance Co., of Newark, N. J., $4 pfd. stk.-Feb 16
Kansas Power & Light Co., 1st mtge. 3Vis, due 1949
Mar 4
Atlanta
Gas
Cliffs
Co.,
Iron
preferred
4y2%
Cleveland
Michigan
1st
Consolidated Gas Co.—
3 Vis, due 1969___
Oklahoma
'
•
1st
.
Natural
mortgage
Gas
bonds,
Co.—
(quar.)
2% 7c
1961
29th
y
Street
10-yr.
4%
Towers
2d
(now
bds., due
Co.,
1
3-29
3-
3-29
3-
7'k
3-
3-15
3-
3-11
3-
A
Commonwealth
Common
Co.
Investment
Title Co.
Mills
Connecticut
Consolidated
&
(initial
A
Continental
v
248
Copeland
Mar
1
1
Co.
Steel
43
251
652
748
749
v——
Co.,
dividend
50c
(s-a)
—
3-10
3-
3-31
5-15
511-
3-
750
1
752
Davenport Besler Corp.,
Common B (s-a)
Davison
,
Brothers,
42c
»»
3-
1
2-20
4-23
3-31
h*
^ j_. fW>W, '
4-
8
3-10
***
3-15
...
4-15
3-15
4-
?:•'
3-20
1
$75c
4-15
3-15
7c
3-20
2-28
3-15
3-
3-
.
25c
(quar.)
,,
1
4-
ioc.
—
1
4-
x$1.75
;
xiy,%
1
2-27
2-27
1
4-
1
: .2-14
s,
.
;
Oil
pfd
(quar.)uw—
(quar.)
...
(quar.T———
2-28
3-15
3- 1
2-14
4-
3-12
$1.18%
:35c:
t
::
i
4-
Glass
(Tenn.)
(quar.)
—
20c
(P.)
Co.,
.
50c
Mapes
A
(increased quar.)
(interim)_
3-10
4-30
50c
3-31
3-10
.
.2-27
3-10
2-20
4-
15c
$1.75
3-10
1
3-
1
37V2c
'2-28
2-28
2-28
3-10
25c
4-
3-10
1
$2
3-15
3-
1
25c
3-15
3-
1
2-16
2-10
2-16
2-10
12 '/2c
2-16
2-10
25c
3-15
2-27
30c
3-10
2-28
,60c
3-15
3-
4-
3-20
10 Vac
-
—
Co.
Corp
2-18
1
14c"
Consolidated Mfg. Co.
Martin-Parry
2-18
4-
Inc.—
Co,
C.)
3- 1
3-1
^
$1.75
(quar.)
(R.
3-15
87V2c
common
(auar.)___l
Copper
2-C6
37V2C
com.
Service,
com,
-j
:3-13
3-31
i
3V/zC
Corp
1
;3-15
•
3Vic
$25c
(quaiv)j——
3-12
!3-
25c
$25c
(quar.)_u_
3-12
1
3-15
$1.25
(quar.)
1
:'j. 4- >
35c
quar.)—
Ltd.
1
3-15
4-.1
$1
(quar.)
Sons.,
,3-
12 Vic
Co.
Ltd.
2-27
,
3-10
$1.12',4
—
preferred (quar.)
conv. preferred
(quar.)
Mahon
10c
(quar.^—
Class
I
2-20
Cup
Finance
Lyons
1
1
2-10
2-28
4-15
•r.
Angeles Investment Co. (quar.)^'ii-—Land & Exploration (quar.)____»
3-
3-
25c
(s-a)_—
Inc
Chemical Corp.
&
preferred
3-
20c
20c
common A
3-12
3-19
3-12
•"x
"•-3-31
$1.20
(quar.)
2-14
1
3-12
10c
1
3-19
1
1
2',4c
(quar.)
Magma
30c
4-
3-
9
2-20
v
3-31
1
;i'A';'^$l
Louisiana
5
1214c
1
3-31
-
preferred
Los
.
(quar.)
3.
20c
(quar.)
$1.12'/a
(Quar.)
-25c
common___^__r„______-
preferred
77c
5
11-15
3-
$37 Vic
'V
pfd. uquar.)
com.
com.
77c
3-22
3-31
10c
3-
3-10
3-10
35c
67c
1
10c
-
.
(irreg.)
Casualty Insurance
Lorillard
3-17
10%
—
3-19
3-25
$1.25 •■'V
(quar.)
(quar.)_:i2i:—
Lincoln Service Corp.,
1
$1.25
—Apr
1952-Apr
3-
62'/2c
;
Industries, Inc.—.
convertible preferred A (quar.)
Inc.
A.I
Brothers,
1
(H-.)
Cutler-Hammer,
1
—Mar 1
Mar 15
preferred
Lily-Tulip
2-19
3-10
;
25c
(increased
(J.
2-19
3-10
30c
!
Corp
(stock dividend)
dividend
(s-a)
Cash
3-
3-15
3-10
5c
Crucible
Culver
Coastal
Life &
1
ioc
—
convertible preferred (quar.)—
Steel Co., 5%
pfd. (quar.)
5%
3-
25c
:
(increased).
common
3-29
3-22
2-20
—
cWtp,,.
Lang
2-12.
75c
—_1
(quar.)—.
.L-
2-27
1
1
30c
(quar.)
Corp,
Lewis
5
50c
1
4-
'
2-18
1
5
3-
31'/4c
Liggett & Myers Tobacco Co. 7%' pfd. (quar.) ''
—
Corp.——;
3-
3-
Ltd.—
convertible preferred
57c
3
1
(Del.)———
Refrigeration
Copperweld Steel
Curtis
..—Apr
—_____—
Oil
Extra
§2308
Paper Co.—
1
25c
(increased)
$4.80
(quar.)
pix'totSd
Common
2-13
3-
3-22
3-15
$1.50
Service, Ltd.
Libbey-Owens-Ford
$ 13c
'J.
quar.)„
3-
3-
4-
50c
(increased)—
La France Industries 4% pfd. (quar.)_I_f—v
Lake
Superior District Power Co.—
2-20
4-1
2-28
3-15
25c
cpnV. 2nd preferred
4Vz'i
2-20
1
40c
Power (quar.)
Theatres, Ltd.—
Light
47"
,'•5%
75c
(initial) ——lL—
Corp.
3-15
X
30c
Engraving
A
2-13
n,.
3-31
-
25C
(quar.)
Co. "(quar.)
Fund
com.
1
1-31
3-
1
3-19
75c
preference- (quar.) 2_——
preferred
8
1
1
Utilities
Drug Co.
$4.50
2
3-15
3-
4-
3-19
3-19
:
25c
Corp.
Katz
4-
3-
1
Corp.
3-
25c
—.
4-
$1
preference C (quar.)
5-
$1
(quar.)
9
'
—
(quar.)
Publications
Nast
1
(quar.)-
-
preferred
Public
3-31
1
1
1
pfd. A
Harvester
Oiler
25c.
3-
3-15
1
_...
Foundation,
King-Sedey
30c
3-18
4-
87V2C
(quar.)__
(quar.)—
(quar.)
preference
T/«
57e
Kinney
—'
2-27
1
4-
(quar.)
Co.,; common
Johns-Manville
(Del.)—.
Co.
(Phila.)
3-
4-
4-
(irreg.)
Co.
Selective
35c
(qiiDr.)
(quar.)
preferred
Conde
Cone
Edison
3-10
35c
.
-V%,
(irreg.)
Bakeries
&
2r27
1
3-10
2
3-20
$12 V2c
<quar:)i—
Kentucky Utilities Co. 4%%
,
2
3-19
$1.25
(quar.) L—
3-10
44-
30c
__*
2-16
1
4-H2
s
40c
(quar.)
Kimberly-Clark
3-12
1
$20c Y:
class A
Co.
convertible
Jamaica
1
2-29
2-19
3-
•
40C
Shares, Ltd. Bank Group shares
Bronze Powders, Ltd.—„
partic.
Jahn
3
40c
2-19
2-19
1
Plains,
Corp.—
Co.
Southern
3
$ 1.12 '/2
1
1
3-
:■
Co.
preferred
Iowa
3-20
1
33-
(quar.)—_
com.
preferred
2-27
Commonwealth
(White
Pulp & Paper Corp. 57c pfd. A (quar.)
class
6'/b
8
3-15
1
2-28
$2.50
10c
Mining
tier
a
Investors
2-24
4-
3-16
4-
1
$2.50
;
&
Mfg.
Investment
8
3-15
3-30
•
Ltd.__
Cement
International
2-26
-
2-20
3-15
3-11
$1.25
preferred
Corp.
Interstate
2-20
3-
r,
.
;•
5-
$1.25
iquar.)_
3-
Davidson
1st mtge.)
3-
1
:,.V
3-15
(interim)
3-1
Quarterly
Corp.—
mtge.
Ltd.
5
(quar.) —JL,—
3-30
25c
3-
Ir»n
2-25
1
preferred
3-11
to
3-15
3-10
$1.75
3-15
Fuel
1
15c
(quar.)
35c
Colorado
1
4-
(quar.)
Tobacco, $4 prior preferred
St
67v
1
3-12
-21 Vac
1
4-
Knitting. common____^
Carpets,
International
3-.10
3-20
53%c
3-
'
$2.50
Co..
$5
5
$1.50
35c
Institutional
2
$37
.
27z 7
(s-at_
Die
Bridge.
(Henry)
80c
3-12
•
3-
(quar.)'
3-12
—
Insurance—
25c
^
series,* due
3-
3-16
$25c
:
oommon
3-12
1
;
non-cum.
dr/r
5
25c
1
4-
—
Sugar,
(James)
Hudson
2
3-
$1.75
3-
4-
21'/4C
(quar.)
pref
$1.25
Continental
.
Oregon-Washington RR. & Navigation Co.—
Refunding mortgage 3s, series A, due i960
PIttston Co., 15-year s. f. 4 7c bonds, due 1961
Thew Shovel Co.,
7# preferred stock
3-
1
3-15
25c
;
25c
Indianapolis Water 5%
$1.50
preferred (quar,)
—_i__
Quarries Co. (quar.>__:
commqn
(irreg.)
4 'A %
prefeited (quar.) —
Collateral
Trustee 8ka,teS.
1
Cash
—■—
5
(quar.)_
common
2-28
(quar.)
&
Humphreys Mfg.
3-15
^
3-10
Battery Co._
Hotels
1
3-
5%
542
y;
mortgage
.
25c
,i
common
Co.,
Graphite Bronze,
Page
.
Light Co.,
.
3-
50c
40c
.
B
Homestake
1
3-
1
10c
3-22
25c
(quar.)
___'
(P. H.)
Hercules
2-16
(quar.)
preferred
7%
Cleveland
Consolidated Water Power &
Company
1
75c
v:'-; 4- 1
(quar.)
$5
Sugar
Tap
Hazcltine
3-10
.'
Class
PARTIAL REDEMPTION
.
4-
1
i
1
75c
•_
__[
;
Insurance
Corp.
Hoskins
4-
1
3-
30c
preferred
$3
1
1
6%
Extra
4%
547
income and s. f. bonds, due 1953—Feb 24
Pennsylvania Pipe Lines, capital stock——Mar 1
West
3-
4-
1
.4-1
$ 1.12 '/2
Co.
Fire
Western
Hartman
3-15
1
4-
partic. pfd. (quar. I
Products, Ltd., pfd. (s-a)_
Commonwealth
432
mortgage 5%
1st
1
4-
40c
America-
of
Co.
Transit,
»
Gaylord,
4-
$ 1.12 '/2
47z7c pfd. )quar.)„
Central Steel & Wire Co., 6% pfd. (quar.)_
1
3-
1 $1.38
Co.
preferred
Holt
$4
Light,
3-
1
(s-a)
Harding
1
15c
Eastern
Y.)
Hart
1
3-
$37'/2c
_
_—
3
1st & ref. mtge. 4V2S, due 1961_Apr 12
Central Pacific Ry., 1st ref. mtge. bond% due
1949__Mar 1
Chicago Great Western Railway—
General income mortgage 4%% bonds, due 2038
Mar 1
American
v.
3-
1
3-
____
1
4-
common——
preferred
3-10
4-
t$1.25
—
(quar.)
Razor,.
3-10 •'V 2-26
3-20
$1.25
Colematt" Co.,
OF TENDER
and issue—
Company
Illinois
(quar.)
(annual)
20c
(stock dividend),
pfd.
Cleveland
which the details were given in
NOTICE
1
$20c
Burlap (quar.)
Storage Co. (quar.)__.
$6
•'
•
t30c
■4
(s-a)____
57c
Ltd.—
Boxes,
&
Chesebrough
bonds, notes,
under sinking fund provisions.
date indicates the redemption or last date for mak¬
The
Cold
Chatco
called
stocks
Bag
Charleston
be found a list of corporate
and
preferred
including
Central
Central
Notices
4-
4-
J30c
iquar.)
preference
Wirebound
Central
Redemption Galls and Sinking Fund
4%
Co., Ltd.,
Power
Canadian
3-15
(s-a 1
Class
3-10
1
150c
—
(quar.)
common
preferred
Hamilton
Canadian Western Natural Gas Light Heat &
$1.50
STOCKS
.
Company,
&
3-21
$55c
_
(quar.)
3-24
1
.
(quar.)—^
preferred
Hanes
—
(quar.)
common
!
preferred
Carter
Ulen
50
Ltd.,
Cottons,
A
2nd
Hanley
$$2
(Toronto)
Corp.
Mtge.
Permanent
l
4-
•+•;
;
'
3-10
$75c
(s-a)_^
(s-a)—_
B
1
4"
75c
.
junior
Guantanamo
3-15
$25c
participating class A
Extra
6%
1
4-
1
3-
37V2c
—
—
(quar.)_
Rutgers Fire
Grinnel
Ltd.—
Packers,
Canada
4-
50c
(quar.)
3-
20c
com.
prior
T,i.
3-12
75c
:
Service
4-15
63c
L
—
&
Greenfield
'1
(s-a)
—
2-25
$5c
2-11
3-15
2-20
30c
x_.
Co.—.—l.
2-27
V
3-. 1
(quar.)_
(quar.)
+
Co.,
Special
2-23
(quar.I
Co.,
preferred
Great
1
125c
__
1
3-15
(quar.i____
Renigerator
Great
1
A
pfd.
$5
2-20
3-15
3-
2-20
1
9
$1.50
Ltd.,
Signal,
Products
5'k
2-16
3-
25c
class
$4
3-10
(quar.)-,
Ltd.
Globe
2-29
50c
Quarteily
Lofland Department)
1
8-31
4*
Power
preferred
N.
2-20
1
33-
3-15
.v.
class
Co.,
Safety
1
3v
81'/4c
_______
(qua r.)
Machine
3-15
1
5
2-29
10c
—
Co.,
Gillette
1
3-
3-15
62V2c
(quar.)
(quar.)—
Gisholt
4
$1.25
(quar.)
Note,
(quar.)
Water
Canadian
x
4-
+$1.75
(quar.)——
Corp.
preferred
$2.50
Class
Auction Sales
4-
t $ 1.50
(quar.)
Calgary & Edmonton Corp., Ltd.
California Electric Power—
$1.50
19,670
during week
3-12
3-
$3
(quar.)
Waterworks Corp.
Gib.on
1
1
zjc
Bank
Sharpe
&
Brown
Canada
demand deposit accounts,
interbank
3-15
1
44-
(quar:)
Brooklyn Telegraph & Messenger Co.
Brown-McLaren
Mfg.
California
491
Borrowings
Debits
1,158
—
249
—
1,338
banks
Domestic
Foreign
952
4-
5
3-15
V
50c
$1.12'/2
preferred
4Vz7r
$1
5
3-
1,
r—
Co.—
Rai.way
2-24
1
_
Trust
Stratton
&
Briggs
British-American
Liabilities-
3-
3-
3-15
20c
B.
B
Gerber
45c
55
Time
2-27
15c
Bird
Mlg
Georgia
25c
preferred
249
828
—
3-20
50c
__
(quar.)
+
+
40c
3-15
20C
«•
.
class
(quar.)
common
class A
(irreg.)
Candy Corp.
$5
v
IV2C
;;
v
(quar.)—
Power
pi eferred
General
25
;
—
(quar.)„•
(quar.)—-
+
53
3
5
3-12
.
.
i:
Inc.,
General
1
3-
8
4-
20c
Inc.—___
Aviation
•;
3-22
4
3-
$3
$3
(quar.)__
participating
Co.,
preferred
6 ','c
1
,
.
preferred
General
5
3-
2
4-15
(quar.)
Packing
Power
Gemmer
5-
common
;
Y.)
(N.
2
Demand
deposits adjusted
deposits, except Govt
C. S. Government deposits
Interbank demand deposits:
Inc.,
Co
Co.
17
65
5
$5c
Beatty Brothers, Ltd. (increased quar.)
Beau Brummell Ties, Inc.
(quar.)_
Bendix
3-
1
>
:
Inc.f (irreg.)—,
(quar.)
WallRce,
Corp.
5 V2 7r
3-15
12 V2 C
Beiding-Corticelli, Ltd.,
common
7%
preferred (quar.)__
791
5',*■
3-30
4-15
4-
26*
$1.25
_______
Beech-Nut
1,820
2
3-
3-10
3-25
,
i'..,
Corp.—
Kleiser
Gatineau
4-15
(quar.)
Wilcox
Trust
Bayuk
3-10
3rl5
>
$1
20c
"
Garrett
4-
_:i.
Products,
(W.
2-27
$2.25
(quar.)__
(quar.)
Allied
Barber
1-26
35c
Ltd
Avon
&
&
Class
(quar.)—!
4%
1
3-13
3-
$1.75
(quar.)
Oil,
Corp.
Bankers
&
Foster
15c
•
•
2-28
20c
j_.
—
Inc.,
convertible
Forbes
.
Telegraph
&
Products
Post
4
Lead & Smelting Co.—
prior preferred
$5
4
3-
50c
(quar.)
Telephone
American Zinc,
3-
1
Co.—i,
Light Co.. 4Vg'b pfd. (quar.)
Stores,
5
3-10
Baltimore—
Fund,
Ltd
5
2-
80c
■
(quar.)__
at
2-
-2-16
,
w
....
Co.—
Machinery
VW/c
2-24
2-16
20c
-
(quar.)—
preferred
Frontier
____
Co.—
1
4-
75c
(quar.)_
(quar.)
1,873
—-
1
4.
$1
2,494
•
3-
—
Inc
Co.,
+
20
3-15
Food
—
(quar,)-
non-cumulative
Fair
3-19
1
50c
(quar.)
Dyeing
&
participating class A
Power &
3-10
1
3-
Pennsylvania tax
.£'•
(quai\)_-:._^_iu—i.
Publishing
Stove
3-20
2-23
4-
:
gtd.
7'/<■
America
Stores,
2-28
1
3-15
4-
50c
(quar.)
common
3-12
.
$1.25
7V2C
Industrial
3-13
1
(irreg.)
Is-ai
Cleaning
common
B
$2.50
3-19
$2.50
r-
108
3-31
25c
.•
Co.
of
5
3-31
,
3-13
4-
.
Inc.
of
Co.
Cass A
Food
(quar.)..
5
3-
$1.12'/a
Mfg.
Corp.
Stream
&
Finance
3-15
3-31
8IV2C
____
,__
American
Buffet
Fund,
Florida
25c
Cyanamid Co., common (quar.)
preferred A (quar.)
Druggists Fire Insurance (Cine.)
142
28,611
Other securities
4,195
Reserve with Federal Reserve Banks
12,429
Cash
in
vault
795
Balances with domestic banks-———.
2,175
deduct-on
l
3-
.
3-31
40c
(quar.)—
Pittsburgh RR.,
United
1
(quar.)_
254
bonds
S.
U.
21
9
2,214
3,271
2.695
Treasury bills
Treasury certificates
313
3-
-
conv.
Babcock
banks
Loans
377
1
307
488
3,542
166
3,486
loans—
estate
Real
122
&
4-
37 V2C
—
Fitzsimmons
30c
Co..,
Co.
Atlas
+
3-15
$1.50
Body
&
&
Corp.
1
$1.06 V4
(Texas),, com.
5 'tc
$1
(quar.)
9
2-24
4
25c
'
(quar.) 4.:
common
Fire Insurance
Exchange
3-25
A
*4-
4-
.g
$1.50
class
(quar.)
Controller
After
'
American
72
Erie
1
.
(quar.)
American
Co.
preferred
Financial
3-
,4- 9
.
3-
35c
—
Corp.,
Stores,
Electric
Field
3-15
1
2-24
4-24
50c
participating preferred
P'idelity
$1.25
___
.'—
Extra
6 Vo
_
3-15
',"4-24
87 '/2c "
(quar.)
common
(quar.)
Brothers
Paso
Florence
-
Co.,
Extra
2-10
1
1
3-13
$2
$ 1.12 y2
;
—
5'/c
4-
75c
3-1
25c
Equitable
3-15
2-25
3-
3-12
——
—;
Machine
Electrographic
Holders
3-30
3-15
B
Electric
American Cigaiette & Cigar Co.—
Common
•___
(quar.)
preferred
Washing
$4.50
Payable of Rec.
25c
(quar.)
Amalgamated Leather Cos., Inc.—
6%
convertible preferred (quar.)—"
American
469
carrying:
securities
preferred
—
4-
75c
(interim)
Kodak
4!/»';v
El
-
When
20c
(quar.)
Co.
Machinery
1947
are:
Share
of Company
(J.
Laundry
1948
week-
37'/2c
93 %c
(resumed)
com.
■
Class
Adams
Anglo-Canadian
351
392
this
Per
American
pur¬
obligations——
Other securities
:
—
Other loans for purchasing or carrying:
U. S. Government obligationsOther
announced
2-28
.
de Nemours & Co.—
Fenton
dividends
The
2-27
3-10
—
preferred
Class
declared.
T'/o
Government
S.
U.
$4.50
Easy
dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
Anchor
or
166.-
ord of past
___—
chasing
Common
3-15
15c
(quar.)
Co.
I.)
(E.
Edison
Steamship
■
and
du Pont
are
Hawaiian
Investments—total—64,410
Loans—total
———________
23,424
Commercial, Industrial, and agricultural 14,692
brokers
Driver-Harris
3-1
——
Inc.,
preferred
3-12
12'/2c i
.
(see Walt Disney)
Production
Co
Mfg.
Industries,
3% Yc
1
3-10
.
—
preferred
(quar.)
East Sugar Loaf Coal Co
grouped in two separate tables* In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid. Further details and rec¬
Dividends
American
Loans and
to
§Vol.
164.
(quar.)
(quar.)
1
3-
3-31
12»/2C
Co.
3-
3-15
12 '/ac
—
__v.,
3-15
25c
—
(quar.)
Corp.
Brass
Holders
Payable of Rec.
$1.12 >/2
(quar.)
pfd.
$3.50
DIVIDENDS
American
(In millions of dollars)
Loans
([Vol.
Dresser
&
Corp.
(Walt)
6'ic
reporting
1948
Assets—
$Vol. 165.
this issue.
in
Annual
..
Stores
Diana
656
752
series A, due 1952
:—Mar. 1
5V2% preferred stock—
May 1
bonds,
Inc. ( + ) or
Dec. (—) Since
7 Feb. 4,
Feb. lft,
'
.
Harvester
Eastman
banks follows:
.
Detroit
Doernbecher
1st
New York City,
of the assets and liabilities of
summary
Fund,
Aluminum
Disney
due
debentures,
Wheeling & Lake Erie Ry.,
District, $32,000,000 in the
$249,000,000 at all reporting
District, and
banks.-'': x
member
542
K2142
153
1
Corp., 4'/2%
Inc.
(quar.)
Detroit
1961
.
Mar 1
155
New York Gas & Electric Light, Heat & Power Co.—
Purchase money 4% bonds, due 1949—.:
Anytime
$2004
North American Light & Power Co., $6 pfd. stock-—Mar
3
*
Pueblo Gns & Fuel Co.—
7
>.
•
v;
7%
25-year
the Chicago
Cleveland
member
Delaware
When
,
Share
:
Packing
Metropolitan Personal Loan Co.—
'"'V'vx'x
Borrowings increased $144,000,000 in
of Company
Deerfield
or
District.
in
§2410
1
Power
ernment securities increased
$65,000,000
Mar
stock_a_
preferred
convertible
cumulative
Name
Page
Date
•
Co., 1st mtge. 5s, due 1951—Any time
Denver & Salt Lake Ry., inc. mtge. bonds, due l960___Apr
1
carrying United States Gov¬
$122,000,000, principally in
New York City.
Loans to banks decreased $105,000,000.
Holdings of Treasury bills and of Treasury certifi¬
cates of indebtedness decreased $254,000,000 and $142,000,000, respectively; these decreases were largely in
.New York City. Holdings of United States Government
bonds
decreased $31,000,000 in the Chicago District,
$30,000,000 in New York City, $21,000,000 in the Boston
District, and $108,000,000 at all reporting member banks,
and increased $16,000,000 in the St. Louis District.
Demand deposits adjusted decreased in most districts,
the principal decreases being $185,000,000 in New York
City, $155,000,000 in the Chicago District, and $73,000,€♦00 each in the Cleveland and San Francisco Districts.
Time deposits increased $32,000,000 and United States
Government deposits increased $76,000,000. Demand de¬
posits credited to domestic banks decreased $150,000,000
in
New
York City and
$57,000,000 in the Chicago
purchasing
$5
Butte
$249,000,000 in borrowings.
Commercial, industrial, and agricultural loans in¬
creased $23,000,000 in New York City and $48,000,000
at all reporting member banks.
Loans to brokers and
dealers for
Per
CALLED
Appalachian Power Co., 6% debentures, ser. A, due 2024_July
Berkshire Fine Spinning Associates, Inc.—
statement of weekly reporting member
The condition
ISSUE
Company and Issue—
(quar.)
_____—
—t-1-—
—-
15c
5
5
'Massachusetts Investors Second Fund—
.Irregular
7c
w
_
.3-25
_
_
2-27
Volume
167 fe Number 4675
THE
Per
Name of
Company
Ltd.,
convertible
Share
common
(quar.)
redeemable pref; (s-a)
2-28
2-28
Thew
37Vac
3-10
2-27
77*
3-15
3-
35c
-
3-31
.
___
(quar.)____
Extra
(quar.)
(quar.)
B
Co.
class A
Common
series
A
Public
Hosiery
Tobacco
$1.75
5-15
4-30
25c
3-11
33-
1
25c
„
Monroe
Loan
preferred
5%.
pfd.
New
«fe
York Auction
Co.
;Niles-Bement-Pohd
American
67*
.
Penick
&
3-20
2-26
$3
3-
1
2-26
Argo
$3.50
3-
1
2-26
Argus Corp.
3-
1
87 V2c
4-
1
3-
5
r 34
%C
3-
1
4-
1
3-15
,
25c
25c
'
77*
5
3-
United
3
3-
1
2-16
1
4-16
Wabash
3-10
5-
4-
1
3-
3-
5
3-
5
3-15
.
50c
15c
2-27
3-15
'3-
3-10
rh^25i<if
fe'fefe'
a
3-15
1
7
7
4-15
:
3-31
(quar,)'_;._
,56 7»c
2-20
3-
3-10
3-31
3-10
Western
3-
2-24
White
AV*%
1st
4(4 %>
:
2nd
Peter
pfd,
3-
3-15
7
Whiting
2-26
Wickes
1
2-20
Wilsil,
2.-27
Winn
Qi
30c
3-15
'3-
1
Wisconsin
50c
4-
1
3-
8
Woolf
iquar.)___
25c
3-15
3-
1
;_
'.V 30c
3-15
3-
1
•
v
40c
4-
■
1
fe
25c
4-
1
1
$1.0674
:—
,
_'_fe,
3-10
3-15
13c
3-
1
25c
3-12
50c
3-12
4-
933kc
-
25c
—_________—
3-
"
3-15
1
4-1
25c
3-12
3-
Pittsburgh
Plate. Glass
25c
4-1
Porter
K.)
__
7
Co
Co., Inc. 57c pfd. iquar.)__
Steel Corp. 'hs-aTfe__.fefe_____-7
62 VaC
,25c
&
Co,
(quar.)
Pratt
Co.
Food
Pratt 6c
(quar.)
'
Producers
preferred
Publicker Industries
$4.75 ^preferred
Pullman,
Inc.
(stock
.
Rath
Packing
Co.
Reeves
Brothers,
Reliance
Grain,
Republic Steel
Rice
Ranch
Richardson
Riegel
&
Robertson
Rockwell
Roos
(H.
Brothers,
Russell
77c
Inc.
preferred
Ltd.
_
4.10 %>
Water
preferred
series. A
$4.50
preferred
(quar.)__
com.
(quar.)
57c
class
tquar.)
Shepard-Niles
G.i
Crane
Co.
Hoist
&
r
fquar.)_
Corp
Simon
(Wm.) .Brewery
Smith
(Alsop)
17c
South
5 7*
South
Paint
preferred
Electric
preferred
Porto
Sugar
com.
preferred (quar.)
Pacific Co. iquar.)
'
Royalty
2
3-10
______
Tacony-Palmyra Bridge com. (increased quar.)
Class A
(increased quar.)
__________
57*
preferred (quar.)
Talcott (James), Inc. com.
4727c
preferred (quar.)
—_____
____
Texas
Co
2-19
3-12
2-27
Refineries,
partic
:
,
______
—
Mfg.
(Del.)
(quar,)
3-
372%
American
3-10
2-23
American
Automobile
15c
3-
2-20
American
Box
Can
convertible
Arch
15c
3-15
3-
3-20
3-10
3-12
American Chain
3-31
3-12
3-15
2-27
57*
Co.,
15c
preferred
Co.
5
Fork
&
Gas
4-
1
3-20
1
3-20
Stock
2-21
1
3-15
1
3-15
20c
3-
3-10
3-15
; 2-27
3-12
2-28
fe
Co.
preferred
3-
1
3-15
3-
8
20c
3-15
2-29
3.90 7*
6 7*
$1
3-31
3-15
$1
3-31
3-15
American News
3-17
American
4-
1
3-15
567tc
4-
1
3-15
3-15
3-
1
3-24
3-
4
3-15
2-27
3-15
2-27
Co.
.'
3-10
2-27
1
2-20
8c
3-
1
2-14
25c
4-
9
3-25
127ac
3-
1
2-18
$1.12 7a
3-
1
2-18
30c
Co.
Molasses
3-
1
(quar.)
4-
1
3-10
$1.05
8-
1
2-13
$1.50
2-28
2-13
5c
3-
1
2-14
15c
3-
1
2-14
24c
3-10
3-
1
40c
4-20
4-
1
$1.75
4-
1
3-10
$1
4-
1
$4
B
4-
Co.
_
:___
1
Black
prior
15c
5
Bond
Stores,
Borden
Boss
2-
50c
3-
1
2-20
3-
1
2-14
30c
3-
1
2-17
15c
3-
1
15c
3-
1
2-16
u
3-
1
2-15
$1.06 7i
$1.0674
3-
1
2-15
$10c
3-15
2-16
25c
3-16
3-
35c
3-
2-16
_____
12 7a
(quar.)__,
(s-a)
——__
Co.
Mfg.
Co.
(quar.)
1
1
1
3-
1
3-
1
2-14
30c
3-
1
3-
Bearing
preferred
(quar.)
& Sons
Brager-Eisenberg,
2-11
1
3-4
2-6
Brewing Corp.
2-6
Bristol-Myers
2-6
3% 7*
$1.50
257*
10c
2-27
rcg.
receipts ord.
Ltd.—
4-15
4-
4-
7
2-26
Is
4-
7
2-26
Is
4-
7
2-26
Is
"
?
(interim)
(final)
reg.
deposit receipts for
registered (s-a)
5% preferred registered (s-a)
deposit
2
Is
.
5 7*
4-
7
2-26
4-
7
2-26
4-
7
2-26
1
pfd.
a2
a
7a 7*
2 7a 7*
v
receipts
(year-end)
British Columbia Packers, Ltd.—
2-19
Class
1
2-19
Brockway
3-10
2-18
Brooklyn
B
(s-a)
2-25
1- 7
3-15
2-28
$13c
—
Co
3-15
2-28
50c
——
Motor
8 7*
$37 VaC
-
3-31
3-
4-20
Ltd.—
American
Celanese,
5-20
93 %C
dep. receipts ord.
American
6
4-20
40c
—
1
2-16
2-16
American deposit
3-10
3-
1
3-
American
4-15
1
3-
2-25
2-5
3-
4-
9
(quar.)__.
Co.,
preferred
British
2-19
5-20
2-15
v
2-20
1
3-10
4-1
3-13
3-
1
3-
$60c
25c
2-13
3-20
3-
$30c
2-13
1
2-l£
62 VaC
—
1
1
2-28
1-30
2-25
;—;—
(quar.)
common
(interim)—_—
of America
3-1
4-
3-31
2-25
50c
2-25
3-
1
75c
2c
20c
2-13
Ltd.—
American deposit receipts ord. (interim)
American deposit receipts ord.
(final)
.y'
2-11
25c
(quar.)
British-American Tobacco Co.,
3-1
3-
1
2-25
30c
_______
Annual
2-26*
3-12
3-
$2
(quar.
Inc.
Extra
3-1
2-19
1
50c
Brewers & Distillers of Vancouver
4-
3-
50c
(quar.)
(E. J.)
2-20
2-16
16c
$1.20
Co.
(bi-monthly)
Petroleum
&
____:
3-10
2-18
2-10
Borough Gas Co.—
4-
5
3-22
3-
1
7-
2
6-22
Brown
&
25c
3-
4
25c
2-12
3-15
3- 5
Brown
Rubber
20c
3-
1
2-18
Brown
Shoe
30c
3-
1
Transportation$1
Potash
Chemical, cl. A (quar.)_
A
(quar.)
;__
preferred
Rolling
(quar.)
Mill
Co
2-27
2-10
377ac
3-15
3-
1
3772c
&
(quar.)
_
2-20
1
3-15
60c
—_
Bowser,
Brach
1
15c
(quar.)__
Boyertown Burial Casket Co.
; >*'-
2-16
20c
$1
2-18
2-11
2-20
2-20
3-
50c
Albany RR.__
Inc.,
9
3-15
________
3-31
30c
3-21
4-
—___
2-28
317»c
3-21
25c
1
4-1
1
$1.05
3-15
10c
2-24
4-
3-
(quar.)_
common
4-15
1
2-
1
3-
_________
(quar,)_____
Boston
3
1
4-
87 VaC
____
Boston Fund, Inc. (quar.)
Boston Woven Hose & Rubber
3-
4~-~2
3-
30c
(quar.)_
(quar.)
2-18
3-12
4-23
$1
common
2-18
3-1
3-1
$1.50
Inc. (quar.)
(quar.)__
Roller
4
60c
(quar.)__
common
2-33
3-1
1
50c
preferred
Co.
2-11
$1.75
3-11
Bower
3
50c
__
Co
&
2-16
$1.25
(initial)
com.
3-11
,$1.183/4
>.i. 50c
1
Inc.—
(quar.)_
3-16
25c
commop
2-13
1
$1.18^
new
Carpet,
(Sidney)
3-
1
977»c
dividend),.
3-
3-
(quar.)
preferred
2-16
3-6
137 7a c
(quar.)
(irreg.)
Blumenthal
3-18*
3-15
1
50c
A
Co.
5
25c
3-
30c
quar.)
Associates,
Hills Power & Light,
$4.20
Illinois—
common
>2-28
—
Blaw-Knox
3-
3-
2-28
3-15
(quar.
Black-Clawson
3-
12 72c
3-15
(irreg.)
(quar.)
Birmingham Gas Co.,
2-20
3-15
3-10
$25c
__
10c
preferred
American
(quar.)
$2
(s-a)
,
_____—_________
preferred
preferred
3-15
*
Amer. Radiator & Standard
Sanitary Corp.—
Common
;
'
7 7*
Mfg.
3-15
10c
J.)
—
$1
2-16
75c
Increased
American
Ltd.
(quar.)
Corp.,
(quar.)
preferred
6 7o
-2-10
(quar.)
N.
(sra)
(quar.)_
Inc.
Bigelow Sanford
2-15
2-28
1
75c
of
(stock
Co.,
pfd.
30c
(quar.)_
Common
Class
25c
3-
Corp.—
Spinning
Steel
3-15
(Newark,
Ltd.,
(quar.)
preferred
American
30c
2
30c
(monthly)
Co.,
American Meter
2-27
1
2-20
417»c
_:
Co., common
convertible
Foods,
7 7*
3-16*
3-
627ac
Products
Metal
3-18
5-
1
$1.1272
preferred
preferred
1
$1.25
3-
__
2-4
3-
common
___—
3-15
•4-
2-16
25c
common
30c
(quar.)
convertible
50c
$1.25
1
__________
$1.50
(quar.)_
preferred
American
3-10
2-21
35c
Common
(increased quar.)____
57*
preferred
(quar;):
American Machine &
Foundry, common
3-15
3-
.__
$1.75
American Investment
25c
1
$5
2-11
$1.75
(accum.)
3-19
1*
4-
2-28
(irreg.)
1
3-
2-13
25c
(quar.)_
(quar.)
Bethlehem
50c
4-
3-12
Best
2-20
$1.25
Insurance
3-12
2-14
2-6
1
(quar.)
American
1
Common
5
1
(quar.)
2-20
1
2-13
1
(quar.)____,—
Canada,
Co.
Fine
3-10
50c
(quar.)
common
1
3-22
Berkshire
3-10
3-15
^
3-
4-
1
3-
,
preferred
3-
3-
(incrd.)
(quar.)
87 Vac
4-
3-
25c
—
(increased
Shoe
S.)
Howell
$3.50
Hydraulics, Inc.
(monthly)
Indemnity Co. (Bait.)
50c
25c
America
Belleterre Quebec Mines, Ltd.
Berhoff
Brewing
Corp
2-17""
25c
American
1
5
„■
4*
8772c
Home
2-14
3-
3
50c
American
3-
fe
2-13
—
(quar.)—__
(quar.)
C
Paper, Ltd., cl.
Inc. (quar.)
Gossett
4747o
2-20
3-31
4-
preferred
(quar.)
American Hide & Leather—
67c
2-20
1
common)
preferred
$2.50
2-28
fe
1
&
preferred
&
Bell &
Electric—
Electric,
4%%
1
3-
15c
(quar.)
&
3-
20c
:
Insurance
Hoe,
Bell
Bibb
$3
2
of
Belden Mfg. Co. (quar.)
Belknap Hardware & Mfg.
2-16
$25c
Co.
of
Co.
Mills,
(A.
'£/>' 4% %
3-15
1
93%c
American General Corp., $2
preferred
3-
1
Co.
(quar.)
Oil
Power
50c
(cash dividend)
(quar.)
dividend(2/100ths share of Atlantic
City
2-20
3-22
series
Seelig Mfg.,
25c
Common
4-
4-
3-
(quar.)
(quar.)
Co.
A
Beaunit
Ltd.—
Power, $6 pfd.
(accum.)
Forging & Socket
American
4-
&
t$2
Ltd.
preferred
1
3-
817ic
preferred
American
4-
40c
common
American & Foreign
47a7*
$1.13
preferred
Beck
1-30
$1
(quar.)
Chicle
1
25c
(quar.)
:
Cable,
Factors,
2-24
fe
preferred
Barlow
3-22
3-
15c
7%
&
American
5
$1.25
2-21
25c
2-26
112 7aC
1
3-31
$12c
preferred, (quar.)
Board
3-31
3-
3-15
(quar.)
preferred
preferred
47*
1
(irreg.)__!
Co.
American
3-15
2-21
112 7aC
common...
77*
1
3-
35c
___
Co.
3-15
3-15
$1.25
(irreg.)
(initial)
Industries
1
50c
—
20c
Aggregates
Corp
American Airlines, Inc.—
$7
4-
25c
common
(quar.)
Goods
5
2-25
3-15
Building,
Class
125c
common
pfd.
Canada,
3-
3-
110c
(interim)
Inc. (increased quar.)
Baltimore Radio Show,
Inc., com. (quar.)_
6 7* .preferred
(quar.)
Banco De Los Andes, American shares
Bangor Hydro-Electric Co., common (quar.)_
Ltd.—
(quar.)
of
3-
3-12
2-19
_____—.
preferred
conv.
Corp.,
prior
Balfour
3-1
(quar.)
America,
3-10 .'fe
30c
.__—
Sulphur
4-1
(quar.)
Bearing Co.,
3-15
3-15
1
3-1
American
6-15
3-
—__
Gear
Barber-Ellis
4-1
(quar.)
preferred
5
15c
(quar.)
Corp.
Public Service
47*
3-
6-15
2-14
15c
(B. T.), Inc. (quar.)
Baldwin Locomotive Works, 77*
Payable of Rec.
t3772c
Cement
of
Co.
Aluminum
6-30
B
Canteen
D.
4 7a %
Holders
7 $627zC
(quar.)
(quar.)
preferred
Aluminum
50c
Stove
Gulf
$3.75
Co.
Aluminum
3-10
6-30
3-16
3-15
When
2-20
3 31
B.
Mfg.
Portland
3-10
75c
Co
________ ________
Tappan
Alpha
1
$1
G.) & Bros, (quar.)
Sprague Electric Co.
(quar. I
Strawbridge & Clothier $5 pfd. tquar.)____
Sutherland Paper
(quar.)
Texas
374 7*
2
5
2-20
1
2-28
2-24
;
4-
50c
1
3-
3-10
2-23
Co., common (quar.)
convertible preferred (quar.)
4-
$1
(quar.)
______
(A.
Tennessee
Co.
Extra
_____
Spalding
4-
3°
2-27
Gas—
&
Southern
Southland
(Louis)
Aluminium, Ltd.
3-
3-
50c
1
week, these being given in the
preferred
Extra
Allis-Chalmers
Aluminum
1
30c
$.1.12%
50c
1
Share
Corp., 4%
2-27
4-
2-13
1-30
'56 74 c
4-
1
2-13
1
_____—
:
preferred
Automotive
V.
1
1
___________
3-
American
(quar.)
Rico
Stores
,
—
.Automatic
2-19
3-
3-
3-
2-13
14c
(quar.)___
2-21
3-15
$1.50
$1.50
2-20
10c
62 VaC
:
'
87*
this
Engineering,
preferred
3-12
50c
Co.—
conv.
,
Standard
57*
3-10
2c
Varnish
(quar.)
Carolina
Roller
3-15
150c
;
(quar.)
&
&
convertible
1
25c
57* preferred (quar.)
Company
;—
series
3-
1
2-13
3-15
(quar.)
Ltd.
1
3-
1
37 VaC
(quar.)
Ltd., com.
Service,
(quar.)
57*
2-20
4-
25c
—
(Frank
Silknit, .-Ltd.
Simmons
2-27
$1.25
___
Co.
Shakespeare
Shattuck
preferred
A
1
3P
3-
3-12
—
57*
3-12
2-27
$1.12 7a
Co. of Los Angeles (special)
Seiberling Rubber Co. 4 72fe* prior pfd. (quar.)
Security
3-
3-15
3-15
$1
(quar.)—
3
1
1
40c
(quar.)
Co..
series A conv.
$1
Co.
3-15
$1.12 7a
Scruggs-Vandervoort-Barney
20c
2-18
Co.
(quar.)__
interest
Allis
2-27
RR.
57*
>3-
3- 1
1
Company—
(quar.)
American
(quar.)
3-10
3-
3-
$1.75
2-20
3-15
Co.—
:
.
3-
3-10
2- 9
3-15
—
1
4-15
fe,
Line
:3- 1
1
1
1
$1.0674
3-
Allied
17'/ac
Service
;—
4-
1
3-15
43-
3-15
(quar.)—___
567iC
2-10
60c
Brook
3-12
4-
3-15
4-14
93 %c
(quar.)
2-27
75c
Co
Lace
4-15
2-28
3-30
25c
Mines, Ltd.
A
3-15
15c
$0.9011
Works, common (quar.)
$1.65
convertible
preferred (quar.)_
Avondale
Mills,1 common
Ayshire Collieries Corp. (quar.)
1
75c
Common
Autocar
2-14
40c
(quar.)
preferred
Barnsdall
American
—
Scranton-Spring
2-14
1
3-15
25c
25c
Electric
Bathurst
37 Vac
___—:
Semi-annual
Scranton
Class1
3-
30c
_
(s-a)
3-31
3-
Association,
(s-a)
2-28
3-10
1$1.75
—
._
Loan
3-15
2-20
117 Vac
_,
(quar.)
Remedial
Auto
1
3-16
1
50c
(increased)
com.
(quar.)
Co.
Francisco
■
(quar.).______
quar.)
Insurance
preferred
Sugar
50c
quar.)____
Ltd.
4-
2-10
Refining Co.—
Corp.
Gold
2-10
$1.50
10c
37 Vac
(increased)
Industries,
Russell Mfg.
San
Co.
Aunor
1
30c
(quar.)
Powder
3-15
50c
(quar.)— _
(increased
Co.
H.)
Mfg.
2-25
15c
Agnew-Surpass Shoe Stores, Ltd. (quar.)
Allied Laboratories, Inc.
(quar.)
30c
pfd.
3-10
2-10
3-
1-31
Dry
A
1
1-31
&
Tack
$$1.25
$1.50
—
____:
!
$1.50
Atlas
(quar.)
lc
(quar.)
_—_——
Inc.
3-12
25c
(irreg.)
Corp. iquar.)_
Myers,
5%
Aetna
2-20
1
25c
Co.
Paper
Robbins
Co.
Oil
A
Atlas
3-15
125c
(increased
Life
preferential
Ball
1
t$l
______
—
prior preferred
A
37 Vac
(quar.)______
Extra
67c
3-15
1
20c
___;
preferred
15C
Inc." (quar.)__________—_
(quar.)
Series
2-19
1
4-
$3
Company
35c
Corp. com.
3-1
4-
25c
(s-a)
4727*
50c
______________
pfd.
2-19
1
1
1
Coast
preferred
Aetna
1
4-
3-15
—__________
47c
1
25c
Grocery
Acadia-Atlantic
Steel
3-
3-31
—
Inc
Ltd.
'
Acme
3-15
27a 7*
(quar.)
Raybestos-Manattan,
3-
1
3-
33-
1
(quar.)
Atlantic Refining Co.
(quar.)___
Atlas Imperial Diesel Engine Co.—
we
2-23
3-
$1.18%
Radlo-Kelth-Orpheum Corp.
3-
$1.1272
50c
dividend)-7%
(quar.)
(quar.)_
com.
35c
:__
com.
3-1
3- 3
$1
(quar.)
1
Atlantic
25c
(quar.)____;
beneficial
prior
Class
140c
;
(monthly)
4-
$1.25
(quar.)
Service,
announced
$2.50
57*
3-31
:..!!^;'75c:-
Public Service Co. of New Jersey com. (quar.)
67o
1
3-15
$2.50
—
Refining
5
25c
Abitibi Power & Paper
Co, Ltd.—
$1.50 preferred (quar.)
3-10
,25c
Lambert, Inc.______
.of
3-15
1'
4-
22 VaC
________
Alexander, Inc. (quar.)
Powell River, Ltd, (increased quar.) ________
»•
Water
National
Name of
3-19
Forgings
Power
3-
2-25
Per
3-15
Electric
2-24
5
3-15
5
3-
Goods, common
1st preferred (quar.)
2nd preferred (quar.)__;
7%
2-17
2-
3-
Atchison Topeka <fc Santa Fe Ry. com
Atlanta Gas Light Co., common
(quar.)___
47n 7* preferred (quar.)
1—
preceding table.
,2-27
Potomac
3-15
4-
25c
1
3-12
Powdrell
2-24
give the dividends announced in previous
weeks and not yet paid. The list does not include divi¬
2-20
4
Pittsburgh
-
3-15
Investment Trust—
3-3
3-
$1.50
4-1
Portsmouth
1
3-15
$1
(quar.)
com.
dquar.)
Below
'
(H.
4-
2-18
tl5c
Corp.
Associated
2-28
2-10
7a
$$1.12 V»
Babbitt
2-20
Pittsburgh Bessemer & Lake Erie RR. (s-a) vX?;':v75Ci
Pittsburgh Consolidation Coal Co. iquar.)__
50c
(initial).
2-14
3-10
com.
(quar.)
preference (quar.)
Co., common (quar.)
preferred (quar.)
Oil
1
5
3-31
50c
474 7c
preferred
Common (quar.)
25c
Lovett
dends
,7
quar.)___
3-15
$1.50
Wysong & Miles Co
&
Corp., common (increased
3% % ' preferred A (quar.)
3-13
2-14
3772c
(quar.)
(quar.)________
Brothers,
Ctfs.
73-11
30c
Philco
1
3-11
:
(interim)
Ashland
4-
67*
(quar.)
Wright-Hargreaves Mines,
3-11
4-
3-31
4-22
3-15
50c
Pulp & Paper
Grocers
Ltd.
&
World
3- 5
$1.0674
Artloom
3772c
Corporation
:_
Corporation (initial)
3-13
(quar.)
Phoenix Hosiery Co.
Villa
50c
Trading Corp.—
;fe fefefefefetfe
$1.25 partic. class A (accum.)
Philadelphia Germantown & Norris RR.iquar.)
:
1
1
3-31
Inc.—
Condensing Co
40c
:
Petrolehm OU & Gas, Ltd.
'
1
3-
5
3-
t$l
—
Pictures
preferred
■-
(quar.)
preferred
4-
$4.50
3-i
'____
Paul, Inc.
Petroleum
■
Co,____,____.___™________
Penn Electric Switch Co. $1.20 pfd. class A_
Penney .(J. C.) Co.
____i____
.
140c
62 Vac
i■■
5
3-
3-15
4-22
3-
quar.)
$6 prior
Armstrong Cork Co., common-.
$3.75 preferred (quar.)______.
$4 preferred (initial)_______;
3-15
50c
(accum.)
(quar.)
preferred
Special _-.
West Virginia
3-31
25c
3- 2
$4.50
(s-a)
(increased
•«
2-16
(quar.)
2-13
3-12
$1
Corp.
Production,
West Virginia
5
2-21
15c
6-25
6-25
75c
Po"wer Corp. (quar.)
Arkansas Natural Gas Corp., 67*
pfd. (quar.)
&
1*
3
7- 3
3-
25c
(quar.)
Ltd.
conv.
Armour
7-
2-27
25c
!
common
Arkansas-Missouri
5
50c
;
.$1.50
'
•
Pennsylvania-Dixie Cement Corp.
Pennsylvania Salt Mfg. Co.
Peoples Drug Stores (quar.)
Pet Milk Co. com. (quar,)
Building
Mills
47a 7*
4-
67»c
Co.,
participating preferred
50c
Disinfecting Co.
$5
•
.
2-23
1
40c
Co._
Brothers
3- 1
■
3-
"
Washington Water Power Co. $6 pfd.
Waukesha Motor. Co. (quar.)il__.
West
3-
25c
3-20
4-
(quar.)
B
preferred
conv.
Warner
>.■'
)'-/!,•-I
$1.25
3-30
35c
$2
•Wamsutta
fe 3-26
4-15
8
2-27
4-15
30c
Participating
8
3-
Railroad
Disney
67*
:
7: 2-28
2-28
3-
3-15
Extra—
Walt
j
5
3-20
15C
37 Vac
____—!
class
Wacker-Wells
5.2-27
3-20
•
3-15
5c
Extra
:
Arden
30c
Co.; common
preferred (annual)
Wabasso Cotton, Ltd.
(quar.)
8
3-15
3-10
43%c
(quar.)
4Vn7o
3-1
3-22
com
preferred
2-10
10c
Arcady Farms Milling Co. (quar.)
Archer-Daniels-Midland Co.
Corp.
1
3-15
3-15
25c
1
Oil
3-
tl5c
Inc.
3-
Stove Co.
3-31
50c
10c
Tobacco
Visking Corp.
Viking Pump
10c
•••
(s-a)_
2-10
$1.75
—.
Corp
Farms
1
75c
3-10
$3
3-
$2.25
Applied
Arts
2-10
2-10
$1
(s-a)
1
(s-a)
common
3-19
1
1
$150
(s-a)
common
3-
75c
.___.—
Utah
Power
&
Light Co
Utica & Mohawk Cotton Mills, Inc.
Victor Products Corp.
(quar.)
T
y,
'
__^i_
States
non-cum
United
3-12
,
3-12
$i
(quar.)
3-
3-19
3-31
preferred
(quar.)
common
3-15
Extra
3-25
35c
Envelope Co.,
77*
2-23
50c
S.
Co.,
50c
(quar.)
1
33-
75c
$1,25
Canal
&
4-
75c
Anglo-Canadian Telephone Co.—
Class A
(quar.)
1
U.
RR.
6
2-27
53 Vac
(quar.)
(quar.)
(quar.)____:
Anheuser-Busch,
3-
75c
Ltd.
1
$2
1
(quar.)
Ford,
2-28
Inc.—
1
J.
9
2-
3-15
Co.—
preferred
preferred
1
v
Patterson-Sargent
..
3-
3-15
$4.50
4-
4-
(increased)
Page-Hershey Tubes, Ltd.
Parker Rust-Proof Co.i___
-
3-10
Amoskeag Co.,
4-10
37 VaC
Corp.—
Co.
2-27
2-20
4-
;
Robinson
Circuit,
3-10
3-10
20c
Corp
Theatre
Corp.
10c
Gamble
preferred
$1.75
'
Pacific
77*
$2.50
com
preferred
2-28
$3 pref. (quar.)_____
_i—
Dyewood Corp. 77* pfd. (accum.)___
"
Inc.
3-15
Woolen
N.
1
(Co. fe.
Omar,
convertible
United
(quar.)__;_v__-__-:_l
Ohrbach's,.$2.25-preferred A
$4
American
United
3-
-;North American -Refractories (quar.)
-'Northern States Power
(Wise.)— .-fefefefefefe
5% preferred (quar.)
;
Service
2-20
$4
Co.
Rope
Artists
2-20
3-22
25c
.
;,fe_fe
2-
2-28
50c
(quar.)
3-22
'
United
$3.57 7a
Ohioi Water
Corp
(quar.)
57*
preferred (quar.)
United-Carr Fastener
3
1
(quar.)__
Co.__
.Ohio ..Match
Forging
2c
25c
Co.
B
3-
;> $3.90
<■
Common
22.85717*
—L--—_w
Holders
2-24
50c
:
(quar.)
Bottle
When
Payable of Rec.
$1
*
3-15
_a_—
Investment
Steel
Insurance
:
75c
1
4-
45
•
75c
1
registered
1_.
Extra
4-
3-25
8
125c
Nineteen. HundredyPqrp...classBfei__fefe:North
•
5
1
Corp.,—:_____fe.fe
Mining
3-
2-18
3-
V,
Newmont
American
1
3-10
2-28
8
Telegraph.
Hampshire Eire1 Insurance
.' New
474-7*
preferred (quar.)
American Tobacco Co., common
3-
75c
Foundries
Thermos
3-
.62 VaC
(quar.)
Co.
(s-a)
American
2-27
125C
(quar.)
Telephone
1
20c
<quar.)____'
pfd.
3-
3-
(increased quar.)"
Naugatuck5- Water
England
United
3-15
3-15
3-15
______
Hew
•Union
1
American
3-15
Motorola, Inc.
Muskegon Piston Ring"(irreg.) _________a___
Muskogee Co. (quar.)
National Alfalfa Dehydrating &
Milling Co.—
■fe
Wire
3-31
3-
8
$$1.1272
$1.12 Va
bl/2r/o
Lines
Sugar
Transue
4-20
62 VaC
Moore (Wm.) Dry Goods Co.
Moore-McCormack
Union
3-
1
30c
___:
$3.50
Society,
3-15
1
3-
25c
(quar.)__
(final)—
.
Steel
Co
American Smelting & Refining,.
$1.25
(quar.).
Co.
4-
1
50c;
(quar.)
Chemical
3-
60c
:
B_____
registered
Royalty
& Williams
Travelers
Brewery,; Ltd. (quar.)____,
Knitting Co. Ltd. com.
(quar.)__
preference
Bell
Shipbuilding
3-15
157*
Deferred
2-20
1
Share
American
$1
______
deferred
Per
Name of Company
1
25c
______
for
3-
3-
75c
_________
_____
____
receipts
3-15
$1.75
com.
(quar.)
(irreg.)
3-16
$1
com.
fe
_____
(final)
Tom
RR.
(v.t.c.)
Co.
(irreg.)
com.
Corp. (St. Louis)
Securities Trust Co., Ltd.
deposit
8
3-
Time, Inc.
8
3-11
3-15
(885)
Holders
Payable of Rec.
7V2C
Title Insurance
2-26
(Service..:..!—_____—
preferred
Monroe
3-15
25c
& Ontario Paper Co
Valley Canning Co.. com.
preferred
(quar.)
Missouri
3-15
1
When
Share
(quar.)___
(quar.)
preferred
3-15
25c
Minnesota
472%
47*
3-31
(quar.)
Minnesota
5%
Co.
preferred
4-
fe__fe.
Corp. $1 conv. pref.
Minneapolis Brewing Co. (quar.) :_i__
Minneapolis St. Paul & Sault Ste. Marie
Monarch
Shovel
Thompson Products
3-15
iquar.)____
(quar.)
Oil
Molson's
Company
25c
(quar.)____
______—_________
Merchants Refrigerating
Mojud
""
1
Per
'
Southeastern Gas
87c
—
Co. com.
preferred
57*
Texas
75c
$3.50 preferred
Mercantile Stores
Class
Name of
.
3-15
3-15
25c
(quar.)__^
Maytag Company (quar.)
McCrory Stores Corp., common
Midland
Payable of Rec.
$25c
.
FINANCIAL CHRONICLE
fe'fe'-'-I
'
Mathews Conveyor Co.
1%
Holders
162 7ac
______
&
'
,
Massey-Harris,
$1.25
When
COMMERCIAL
3-15
3-
1
$1
3-15
3-
1
4.40 7p
$3.60
Bruck
preferred
Bigelow
preferred
Silk
(quar.)
(initial)!
—
—
Co., Inc. (resumed)
Co., common (quar.)
Mills,
(quar.)
$5
preferred
common
(quar.)
20c
50c
3-31
2-27
Buell Die & Machine Co.
3-
2-20
Budd
2-25
Buffalo
1
3-25
.
Company,
Bolt
25c
3-15
4-
2rl3
j
4-15
2-16
3-
1
(quar.)
(quar.)
3-20
3-15
2-18
5c
(quar.)
1
20c
$5 preferred
Co.
4-30
3-15
$1.25
Buckeye Pipe Line Co
$1.75
90c
$30c
—
Ltd.
(quar.)
Brunswick-Balke-Collender Co.,
$1.10
2-26
2-16
$1.25
;
25c
3-
1
2-17
3 18
2-25
f
46
Buffalo
Co.__
Forge
trating Co.,
—
2-
3
1
2-
3
Congoleum-Nairn,
Co.——————
25c
3-
2-
7
Connecticut
37Y2C
3-
1
2-
3-
1
2-
6
3-
1
2-
6
Co.,
M.)
(A.
>
$1
87V2C
87J/2C
11c
15c
30c
5%
$1.12%
California
com.
preferred
(s-a)
-
2-28
3-
Wire
Class
Cable
&
———
Ltd.
Canadian
Canadian
Food
A
convertible
class
A
preference (quar.)—
Foreign Investment
Quarterly
—
(quar.)—,
—
Investment
Inter.
Power
4-
—
Common
Co.,
common———-,—
(quar.)
preferred
.
Pirie Scott & Co.,
pfd. (quar.)
I.) Co., common.,,;—^
preferred (quar.) ______
—_
Cassidy's, Ltd., 7% preferred (accum.) —.—
Carson
T.4
Caterpillar. Tractor
Arizona
Light ,&
(quar.)
preferred
Si.10
Central
Illinois
4
i
pfd. (quar.)___.
Service, common—__
Power—-
.
.
y
.
.y
'
2-29
I
2-27
2-13
2-27
1
1
2-27
4-
3-
2-13
1
2-12
preferred
Central
South
&
3-
Crum
2-23
3-
1
2-27
4-15
3-22
Firth
2-16
2-
40c
$1.50
$25c
$$1.25
2-27
2-11
Fishman
3-31
3-19
Fitz
3-
1
2-12
Flintkote
3-
1
2-12
3-
1
2-20
U0c
110c
4-15
3-
3-11
2-27
5
(quar.),—
Sons,
Metallic
Davis
Coal
1
2-18
Davis
Leather,
Class
2-14
3-12
1
3-12
4-
1
73-
1
Deere &
9
3-
1
2-
9
Delaware
3-
1
2-16
Delaware
3-
1
Dentist
3-
1
Denver
Floor
Supply
90c
3-
1
2-15
35c
2-28
2-10
15c
—_—
3-15
$1.12%
(increased)
40c
' 25c
—
—
(quar.)—
Champion Paper & Fibre, common
Corp.
Yard
3-
1
3-19
2-25
2-10
4-
$1.12%
1
' ■ /20c
(interim)—r
$5c
75c
75c
25c
25c
30c
3-
1\
Extra
2-17
3-10
'4-
Chestnut
Hill
RR.
Chicago
Corp.,
$3
Common
Ltd.
(quar.)',,
preference
3-1
4-
(quar.)
(quar.)
Common
(quar.)
Chicago Mill & Lumber Co.
(quar.)
Chicago Rivet & Machine
Chicago
Shore
South
South
&
25c
(quar.)
4-
1
3-17
General
American
4-
1
3-17
General
Baking,
General
Builders
:—
Cab
Chrysler Corp.
4%
;
Inter-Terminal
Cincinnati
preferred
Cincinnati
RR.
preferred
2-
3-12
2-24
Dominion
2-19
1
(quar.)
Dominion Bridge,
1
2-24
6
preference
Co.,
1
7-20
Dominion
35c
common
83-
1
2-16
Dominion Textile
1
2-16
Stoves, Ltd.
Extra
(quar.)
—
$1
(quar.)
$1.25
3-
1
2-14
5%
(quar.)
$1.25
6-
1
5-15
5%
preferred
(quar.)
9-1
8-14
A
$1.25
$8c
3-15
3-
(s-a)
2%%
3-31
3-15
20c
62 %c
3-12
3-
3-31
3-10
10c
3-1
2-17
Dow
Chemical
Co.,
50c
3-15
2-26
$4
preferred
A
3-15'
2-26
$3.25
;
Clntano,
Orleans & Texas
class
Ltd.,
5 "2 %
(quar.)
New
preferred
Pacific
City Auto Stamping Co. (quar.)
City
Ice &
Fuel
Co.
(quar.)
City Title Insurance
Clark
Equipment
5%
(extra),
Co..
preferred
$1.25
preferred
Cleveland
4%
7%
&
Machine
New
Coal
Industries
Semi-annual
Collins
Colonial
4%
preferred
Central
Colorado
Fuel
Milling
Columbia
Class
5-
87%c
25c
11-
6%
1
3-31
3-10
1
2-17
3-
Elevator
preferred
System,
Ltd.
(quar.)
(interim)
i____V—T,
Shearing
&
Stamping
3-
1
2-18
3-1
2-18
Eddy Paper Co.,
Edison
Eaton
Mfg. Co.
1
2-14
1
2-
Ltd.,
37Y2c
3-
1
2-16
6V2%
50c
3-
5
2-20
Electrolux
A.),
Non-voting, class
9
$6 preferred
*
preferred
class A (quar.)
class A,
5
2-20
Elgin National Watch Co.
2-13
El
12%c
3-10
Southern
(accum.)
Corp. (Del.) —
(payment subject to
approval)
Paso
4.10%
$3
1
3-12
1
2-14
General
2-25
General Shareholdings
Gas
Co.,
—
(quar.)___
common
preferred ' (quar.)
preferred
Stock
Radio
&
dividend
(quar.),
I——"-
"
2-20
5-15
5-
Precision
stock
5
8-16
8-
5
11-15
Genesee
(quar.)——
2-
6
2-
6
2-27
2-
6
2-16
1
6-15
3-31
Brewing
Class
B
Class B
5
2-
6
2-
6
Gerrard
3-
1
2-
7
Gibraltar
3-
1
2-
6
Girdler
9-
:*•
1
8-10
(S.
Gleaner
3-15
2-24
2-20
2-25
2-10
4-
1
3-10
3-
1
2-15
3-18
Grafton
1
3-18
Grand
3-15
W.)
(H.
Great
1
Trunk
Storage
Co.,
Mines
2
2-20
5-25
5-10
5-25
5-10
3-10
2-23
1
$1.25
4-
1
3-20
843/ac
25c
75c
3-
1
2-10*
Fully
$1.25
4-
8-
$1.1428
$15c
' 15c
15c
15c
15c
25c'
50c
25c
30c
60c
35c
J25c
10c
$1
1
3-
1
2-
3-10
3-
i
1-
Extra
Railroad
Railroad
Steel
4-
1
2-11*
3-15
„
2-17
1
3-15
7-
1
6-15
5-26
5-30
3-
1
2-16
'
3-15
3-20
3-
1
3-20
3-
1
4-
1
3-
5
4-
1
3-
5
3-
1
2-19
4-
1
3-10
4-
1
;*
3-10
3-31
3-
8
1
2-16
3-15
2-16
3-
2-16
3-15
3-15
"
2-16
3-15
2-16
3-15
2-16
3-
1
2-
\
6
3-15
2-25
4-15
3-
3-
1
2-21
5
2-24
2-
•
2
2-13
1
2-20
—
3-
2-28
2-28
2-17
2-28
5c
2-28
11c
13c
8c
2-17
r
2-17
*
2-17
i.
2-28.,;
2-38/j
,
2-17
2-17
2-17
2-28
2.-17
2-28
-
2-17
;?-17
.2-17
2c
2-28
8c
8c
2-28
2-17
2-28
.2-17
10c
2-28
2-17
2-28.
2-17
Machinery
Bond
——
—
—
Company
—,
;
—,——
—
——
—
7c
2c
2-17
2-28,
10c
2-17
2-28
2-17
—
—
3c
,1
——
7c
2-28
—
7c
3c
2-28
1.
.025
.005
2-28
2-28
2-17
——
5c
5c
2-28
2-17
2-28
—
2-17
7c
———
:
2-28
2-17
5c
-025
-005
2-28
2-17
2-28
2-17
2-28
2-17
35c
4-
1
3.-15
$1.50
4-
1
3-21
—
!
Bond
——————
Equipment
Stock
——u
—'
—
—
—
——
——-——
Extra
Watch
2-17
2-28
Utilities
Gruen
3- 2
4-
3-
—_—
Tobacco
.
1
6-15
2-20
'
2-18
3-
1
2-28
Extra
2-18
3-
7-
1
———
;
Priced
Railroad
.
~
3-15
3-
Petroleum
5
3-15
3-30
'
2-20
1
—,————_——
Extra
3-16
3-22
2-17
1
2-27
8c
Mining
2-16
3-15
3-
4-
—
Bond
Extra
2-27
3-
5
2-25
40c
—————
Merchandising
2-27
3-15
Phonograph—
100%
Low
2-16
3-10
4-
3-15
1-31
5
3-15
5
1
1
Administered
Investing
2-14
1
4-
5-
3-15
7c
Institutional
1
2-25
$25c
25c
25c
$1..62%"
40c
50c
3-
1
8c
Equipment
Industrial
7-15
1
3-
75c
15c
60c
$1.02V2
2
2-13
5-
10c
(quar.)
—L,——
Extra
,•
4-15
4-
2-18
3-10
2-28
1
1
3-12
2-28
1
5-
3-20
4-
50c
Y.)
(irreg.)
Paper Co.
4——J
Electrical
3-1,
9-
2-13
1
3-
-
(N.
Chemical
.2-20
6-
2-13
8c
Building
2-24
9-15
5
•3-15
3-15
*3-
lc
Paper Co.
3-19
6-15
3-
3-16
1
\ 3-31
lc
Aviation
2-20
3-10
3-
3-10
(quar.)
Co
Indemnity
American
Extra
3-22
3-15,
1
2-14
:
3-19
50c
Automobile
3-19
1
Cold
Warehouse
Co
Agricultural
2-19
1
1
3-
1
1
Group Securities, Inc.—
1
4-
(quar.)
(quar.)——'
class A
Co., common
Union
Great Lakes
1
3-10
3-
3-15
3-15
2-14
;
Co.,
Ltd.,
Co.,
&
Grandview
"
4-
(quar.)
common
Stores
Grand
Grand
1
1
2-18
—
Gossard
3-
4-
2-16
1
——
1
1
1
3-
1
(quar.)
pfd. (quar.)
4-
3-
(quar.)
—
Co.,
4-
4-
2-14
3-
1
convertible preferred
4'4%
2-16
•'4-
1
4-
35c
56V4C
Godman
(H. C.)
Co., 6%
>> 37'4c
Goldblatt Bros., Inc./ common
(resumed),.
12V2c
$2.50
preferred
(quar.)
—.
62V2C
Golden State Co., Ltd., 4% pfd. (quar.)
$1
Goodall-Sanford, Inc. (quar.)
—
37J4c
Goodyear Tire & Rubber Co., com. (quar.)—
$1
$5 preferred
(quar.)—
$1.25
Gordon Mackay Stores, Ltd., class A (quar.)
tl2'4c
Class
B
(quar;)„^—
f 1214c
Special
;
.:
11214c
Glidden
3-15
4-15
(s-a)
Insurance
—
2-10
4-15
(s-a)__
preferred
Marine
&
Harvester
1
4-
—
—
Co.
A.)
Fire
Extra
5
4-15
(quar.),
A
Corp.
3-
;
3-
3-
25c
(quar.)
11-
1
1
1
3-15
$2
15c
3114c
25c
$1.50
option
(quar.),—
class
(quar.)
(quar.)
1
4-
3-
Corp.—
Rubber
&
A
3-
1
1
3-
,
'
2-20
•
3-15
$$1
37'4c
75c
$1.25
9334c
25c
Equipment—
holder's
at
Class
3-
3-15
$1.0614
25c
(quar.)
2-27
2-27
$6 preferred (opt. dividend series) (quar.)
Cash or 44/1000 of a share of common
2-20
2
(quar.)
Corp.," common
preferred (quar.)
$3.75 preferred (quar.)
2-1P
2
$1.50
$1.50
$1.50
$1.50
$1.50
'
——
Ely &, Walker Dry Goods,.
Emerson Drug
Cp., 8% preferred
Emerson
4-
Natural
'
4%%
3-25
3-
Motors
$5
General
——
•
(interim)
Corp.
3-
2-25
2-13
3-
45c
—
Inc.,
3-10
$'%c
1
3-
20c
,
^
B,
(quar.)
50c
2-11
2-21
2-27
3-10
8IV4C
(quar.),
(Thomas
33-
Co.—
Quarterly
&
>-
States Corp., $7 pfd. A (accum.)—
preferred B (accum.),—
:—_—
Eastern Steel Products, Ltd. (quar.).
—
2-
'
General
(quar.)—
3%%. preferred (quar.)
Advertising, common
3-10
50c
25c
$1
-—
6
$1
75c
$1.75
Inc.,
Great Northern
—
(quar)
(accum.)
B
1
3-
25c
(irreg.)
com.
(quar.),—
Industries, 5% preferred
1
2-16
$6
45c
(quar.)—
class A—
Outdoor
1
Eastern
25c
_____
pfd. (quar.)
Co.
2
preferred B
50c
Commonwealth
SEC
1
General
3-
Chemicals
&
50c
conv.
B
Commercial
•
Plastics
2-23
$6
—
(quar.)
5%
Broadcasting
Co.,
3-15
7-
$1.75
20c
(s-a)
C
Co.,
3,
(quar.)
(irreg.) ——g
3-20
preferred
50c
i_
Ltd
Columbian Carbon Co.
Commoil,
12-
Mills,
2-10
2-15
(quar.),————
common
(quar,).—
—
S%
common,,
Power
&
1
General
2 25
1
(quar.)——,—
Eagle Picher Co. (increased quar.)—
Eastern Massachusetts Street Ry.—
;
6% 1st preferred A (quar.)
1
6 %
1st preferred A (quar.)
6%
1st preferred A (quar.)
»
Co.—
Lines,
& Iron,
common,,
(quar.)————.—
2-25
3-10
4-15
—
2-16
3-16
1
(quar.)
Colorado
Colorado
1
1
Drug
7%
2-13
6-
2-10
3-
Durez
3-
1
$25c
preferred
2-19
1
14c
10c
preferred
3-10
2-16
(quar.)
Inc.,
3-
3-10
1
4-
2-10
4-15
3-
20c
7%
General
1
1
1
40c
Aikman" Corp.-
Stores,
2nd
1
4-
(quar.)
(quar.)
preferred (quar.)
Supply, common (initial),
Fireproofing
3-
1
(quar.)——
3-
Corp.—
3-
4-
87%c
$25c
$25c
4%
General
5-14
2-10
(s-a)—
1-30
2-17
4-
2-10
,
Steamship
Colonial
A
6*
2-16
1
(quar.),;
Batteries
2-17
,
1
5
1
1
4-15
Brothers,
2-
1
3*
i,
preferreu A (s-a)
convertible preferred
3-
$$1.75
$50c
$$1.12'/2
$25c
1
3-
5%
3-
3-
25c
1
2-14
3-
quar.)
2-
3-
50c
;
1
3-
15c
(quar.)——75c
Dravo Corp., 4% preferred (quar.)—
—
50c
Dun & Bradstreet, Inc., common
——
30c
4V2% preferred
(quar.)
$ 1.12V2
—
preferred
&
convertible class
Dow
(monthly)—
Co.
3-
2-25
3-15
—20c
Plow
Colgate-Falmolive-Peet
$3.50
1
Paper Co.,
6*
1
3-
1
(irreg.)
preferred
Finance
1-30
1
(quar.)
General
2-18
4-
(quar.)
1
2-14
$1.12%
Monthly
Cockshutt
$1
Donohue
Corp.—
(initial
common
Clinton
Corp.
2-
1
(quar.),,
regular guaranteed
Clinchfield
1
Pittsburgh RR.—
special guaranteed
Clearing
preferred
Donnacona
Co.—
(qvar.)
1
1
1
Cleveland Electric Illuminating
$4.50
(quar.)
common
(quar.)
Dry
3-
$25c
(quar.).
Ltd., common (s-a)_
4'/2'/o convertible preferred (quar.),.
Donnell & Mudge, Ltd., com.
(initial quar.)
7%
Ry.
2-
3-
3-
6214c
25c
Cigar Co., common
preferred (quar.)
7%
3-
(quar.)
General
General
3-
Ltd. (quar.)———
Douglas (W. L.)
Shoe—
$1 convertible prior preference (s-a)—^
5-o
————
2-20
1
2-
$12.50
56V4C
Corp.
convertible
2-16
$50c
$37V2C
$15c
$15c
(quar.)————
Co., Ltd., com.
—
2-14
3-10
3714c
37140
.
$8
2-13
$87V2C
preferred
preferred
Cincinnati
:
4%.
Container
1
(Western),
(quar.)
2-27
1
3-
$2.75
25c
(quar.)
common
preferred
Ltd.,
5
»
(accum.)
$2
Machine
(quar.)
Cartons
2-27,
3-15
2-27
:—
preferred
Investors
3-
Investments, Ltd.—
Dominion-Scottish
5%
&
preferred
Co.,
5%
$$1.25
$30c
3-
preferred
4
5
3-
Ltd.—
.
Ltd.
Envelope
7%
Ltd..
Co.—
(s-a)_l
Milling
3-
3-15
3-
2-16
50c
Dominion
Anglo Investment Corp.,
;
3-15
—•_
•„——
3-
50c
50c
50c
37V2C
50c
75c
2-28
25c
3-
1
Co.
General Tire
3-15
25c
Co
Co
6-18
1
—
5%
;_\
Yellow
Copper
1
3-
20c
15c
3-15
75c
$1
Quarterly
Chicago
Chile
74-
Corp.-Seagrams
&
8-12
2-16
3-10
Co.—
Paper
(quar.)
Co.,
Gaylord
3-15
9
Trailer
9-17
6-
9
RR.—
Bend
Fruehauf
9-30
3-30
3-
2-1$
3-31
25c
(quar.)
(irreg.),.
Co.
Gair
25c
RR.
4'4%
6-18
—
Distillers
2-15
1
Sulphur
1
7-15
3-
Simon.
Freeport
2-14
7-
40c
50c
25c
$1
(s-a)
7-15
1
3-
3-
$25c
$25c
$25c
Four-Twelve West Sixth Co.
Gabriel
(s-a)
75c
(quar.)—$15c
Disston (Henry)
& Sons (quar.)——
75c
Dixie Cup Co., common (quar.)
—
25c
Class A (quar.),,,
62'/2c
Dobbs Houses, Inc.
(quar.)—
:
—
12V2C
Dr.
Pepper Co. (reduced),^
—15c
4-15
Franklin
3-15
2-28
participating preferred
6%
9
2-20
4
2-13
Fundamental
—
Extra
2-16
4-30
2-13
1
3-18
—
:
—
participating preferred
6%
.3-10
prior
2-14
1
3-18
3-30
Chesterville Mines,
6%
1
3-31
35c
(quar.)
(quar.)
5'w
non-cum.
(quar.)
Diamond Match Co., common (quar.)
'
8-16
$25c
(quar.)
preferred
preferred
1
,
preferred
preferred
preferred
non-cum.
non-cum.
1,
37^140
t initial)
com.
(s-a)
1
60c
—
5%
prior
3-
25c
—;
2-13
'
30c
$1.25
25c
(quar.)
Corrugated
3-
Detroit-Michigan Stove Co.—
1
preferred
Wayne
3-
$1
Corp., common——
preferred (quar.)
4%
Works
4-
(quar.),,
Co.
Bridge
4-
(quar.)
Co.
2-16
'
Foster-Wheeler Corp.—
Y.)
(N.
Co.
Alkali
2-20*
(quar.)
Inc.
Inc.- (quar.)
Diamond
2-10
3-15
(quar.)
Co.
Stock
Union
Wayne & Jackson
—_
;
2- 7
;
"
f
——
Fort
:
—_
(initial)
Products,
& Hudson
Walt,
De
"
•
Glassine' Co.
5%
preferred' (quar.)
common,,
2-27
1
25c
50c
$1
.
—
Extra
Fort
$37V2C
$17V2C
45c
933/4C
93%c
(quar.)
class A
Ltd.,
1
3-
$$5
40c'\
———
2-10*
15c
$2
(quar.)
Decrfieid
3-20
3-
1
(s-a),
—
2-27
—
preferred (quar.)
2-
3-31
*3-12''
8-
(quar.)
.
Ltd., class A
Canada,
Pitt
—
Co., common
1'
1
(irreg.)
Co.
3%% preferred A (quar.)
'3%% preferred B (quar.)
3-
3-
(quar.)——
pfd.
7%
Door
Dayton Power. & Light,
2-14
2-28
Inc.,
Coke
&
B
—
2-14
2-14
•
2-20
—
Class B
50c
$1.25
$1.25
75c
$1.75
Co., $4 prior preferred
Cushman's
of
Co.
3-10*
30c
$1
$1.05
$2
$1.75
50c
(quar.)—
Dahlstrom
(quar.)
(quar.)
Corp., new
50c
(irreg.)—
3-10
1
1
4-15
Dredge & Dock Co.—
common
1
—
(quar.),,—
com.
preferred
2-18
Co.,
6%
preferred
3-16
1
4-
(quar.),
*
1
(quar.)
Connell
&
preferred
5%%
common
Atlantic Sugar Co.,
3-16
4-
2-13
(quar.).
(quar.)
3-1
4-
2-16
Co.
$1.75
$1.75
$1.75
Sugar,
3-31
3-1
1
(quar.)
3-31
Simons
Motor
2-27
(quar.)
'11-15
1
5-
(quar.)
H.)
Machinery
3-
(quar.)
Curtis Publishing
(M.
25c
5%
6-17
3-15
preferred
$4
Co.—
preferred
8-13
1
50c
50c
3114c
$$1
(quar.)
common
Fort
(quar.),———:
1
3-
Corp.,—30c
pfd. (quar.)
$ 1.12 J/2
40c
Gas
Co.,
Ford
$40c
5%
7-15
5%
Co., Inc.—
Mfg.
Carpet
Food
28V8c
4V2C
(quar.)
(quar.)
9-
3-16
Corp.———o,u,—;
&
&
Tiro
1
933/4C
(quar.)
5-14'
3-10
(accum.),—
pfd.
Ltd., 6%%
2-10
1
3-
(initial)
preferred
Cuban
3-18
6
3-15
—
Seal
American
7%
-Firestone
$1.25 conv. pfd.
Extra
(accum.)
&
3-
17V2C
preferred
2-13
1
3-31
Quarterly
Co.—
preferred
preferred
7%
3-
common
8% preferred (quar.)
Forster Securities, 7% pfd.
(quar.)
&
7%
$1
(s-a)
4%%, prior preference (quar.)
Chafis
3-10
preferred
———
1
3-
Rubber, 414%
First Bank Stock Co'rp. (s-ai
preferred
Cuban
1
Certain-teed Products
$4.50
Water-
2-16
Dictaphone
(quar.)
Century Ribbon Mills
Chain Beit Co.
Federal
1
Zellerbach, $4 2nd preferred
25c
—
Corp.
3-19
3-
& Forstor,
2-12
1
3-31
4-
85o
(quar.)
West
Mogul
3-31
prior
Crum
3-
25fc
(quar.)—
6
36-
4-
—
75c
$15c
——
2-
1
—
Quarterly
Federal
$4.20
1
3-15*
3-19
(quar.)—
Phosphate
Co
3-
'3-12
(quar.)
Co.
3-31
A
Crown
3-
1
B.)
Federal Grain,
Electric,
12-31
Fashion Park, Inc.—•
4-
(A.
2-16
(quar.)
common
6-30
-25-49
183/4C
(quar.)
(Syracuse)
1
Overall
6%
3-18
Farquhar
2-25*
ins.
3-
common
Crown
1
3-15
3-15
Life
75c
preferred
$2
1
3-31
Traders
81
Inc.
Candy Shops,
Farmer
25c
Varnish,
&
3-31
7-26
2-27
Quarterly
Federal Electric Co.,
Cork
Crown
New
1
Farmers
2-20
Federal Fire Insurance Co. of Canada
Class
2-27
4-
Fanny
3-12
1
2-16
Capital Corp., class A
Cork International Corp.—
Crown
4-
1-27
1
3-
93%c(
2-2G
4-26
25c
371/aC
(initial)',,:
Corp., new com.
4-
25c
—:——
—
: 3-1
3-15.
3-15
$2.50
Falstaff Brewing
2-13
convertible
Crown
1
Ohio
3.6 %.
(quar.)
1
(quar.)'——
2-18
4%%
1
Chicago
2-28
$50c
$1.12V2
$1
30c
Co.,
Cribben & Sexton
4-
(The)
Fairbanks Morse & Co.
(quar.)
Co., 3%% preferred
3-
:Extra^
Fair
Fajardo Sugar Co. of Porto Rico,,,——L—
Corp.
Cory
v
2-19
Inc.
Crane
4-
.
3-15
3-
2-13
4-
65c
50c
^
25c
50c
$1.50
———
2-16
Corrugated Paper Box, Ltd., com.
5%
preferred (quar.)
2-29
4-
15c
27V2C
$1.25
—
,
preferred (quar.)—,
Light & Power—
Central
Cornell
Coro,
7%
(quar.)—,—_ ———
York
New
3.40%
!_
i
Public
2-14
2-16
Co,-#/**///'
Power
3-29
:
1
Coronet
75c
__
5%- conv.
preferred
Central
:
(quar.)
Foundry,
Central
r
(quar.)
Common
1
1
3-15
40c
$1,75
$$1.75
Case, (J.
3-15
20c
(quar.),
—- $1.31 %
Wood Products Co. (increased quar.)
25c
$5.25
3-15
12 Vic
$1.06 V*
$1.12 Va-'
2-16
3-29
3-15
■I
12-
$1.25
—(
1
series A
Cornell
2-14
3-
_
2-13
3-15
preferred A (quar.)
Ex-Cell-0 Corp.
(quar.)—
Faber Coe & Gregg
(quar.)
1
Dubilier
2-27
$25c
a.
——
&
2-10
3-
50c
_—_u—50c
Co., common (quar.)—
35c
(quar.)
——
$1.25
3-15
5%
1
Paint
3-15
Carpenter Steel Co
Carey (Philip)
Mfg.
preferred
2-20
'/■/ ■)
Carpenter Paper Co., common
3-24
prior preference (quar.)—,,———-—.
Cooper-Bessemer Corp., common (quar.),,—
$3 prior preferred (quar.)—.
—.—
Cooksville Co., Ltd. (initial quar.),
3-
,
3-24
1
$3
1$1
''
1
4-
3-
Cook
3-15
175c
t37Vzc
4-
3-
2-28
1
6
25c
3-20
1$1.50
———
——
.
v
,
2-19'
1
1
—
1
—
1
'
——
—y———-
(quar.)
Corp.
3-10
3-
3-
„
—
3-
Continental
3-20
3-20
Casualty Co, (quar.)—40C
Mills (increased s-a),r——-$10
Continental
2-20
4-
1
(quar.)
(quar.)—
2-25
3-15
1
3-
1
4-
1
Co,,
preferred
3-31
•
Co.,——
Co., Ltd. (quar:).—
Corp., Ltd. (quar.)
Western Lumber Co.—
Common
3-20
1$6.25
Tire
Canadian
1
$3.75
175c
'<
(annual)—
Ltd.
Co.,
Ry.
2-20
1
3-
2-16
pfd.
5%
(resumed)
convertible preferred
25c
$1-25
(quar.)
Container Corp. of
3-
2-16
(quar.)
Common
40c
Ltd. (quar.),,
$4.50 pfd. (quar.),,,
America, 4% pfd. (quar.)
Continental Assurance Co. (quar.)
Continental Can Co., common (interim) —
Glass
Consumers
1-29
——
Canadian
.
$2.50
Consumers
1-29
Ltd.—
Trust,
Extra
Canadian Pacific
Central
Co.,
3-1
25c
4%
(quar.)
—- :
$1
4% convertible preferred (quar.)—
—
$1
4% convertible preferred (quar.)
$1 1
Equity Corp., $3 conv. preferred (accum.)—
75c
Erie Railroad Co., 5% pfd. A (quar.),—
$1.25
5% preferred A (quar.)
—_——.
$1.25
5% preferred A (quar.)—$1.25
1
12V2C
common
33-
Emsco Derrick & Equipment—
3-
Co.
Paper
1
2-23
(accum.)
Locomotive
414 %
Consumers
2-23
Canadian Silk Products
5 ''o-
2-14
$20c
r-y ':
Co., Ltd.—
Ice Machine
Carman
1
170c
—-a——
preferred
5%
Consolidated
Ltd.—
Corp.,
—
A
Canadian
(quar.)
Ltd., com.
(quar.)
Products,
Canadian
Canadian
Consolidated
125c
125c
$18-y4C
125c
t$1.12y2
—
—
(quar.)——
Fail banks-Morse, Ltd.
(quar. )—
class
Convertible
Class
2-13
2-20
3-10
3-15
guaranteed
(quar.),—,——25o
preferred (quar.)
62V2C
Laundries
5
1
t$l
125c
150c
:
(quar.)__
Ordinary
Canadian
Grocers Corp.,
3-15
4%
75c
(quar.),,
^
Empire District Electric.
4-
(quar.)—
Y.
N.
preferred,. (quar.)
5%
3-
,' t32%c
(quar.)
(quar.)—„—.
Canadian Car & Foundry Co., Ltd.—
$1
4
of
Co.
,
.
$1
$1.25
28c '
2-25
25c
$3,50
,
—,
,
Holder,t
Payable of Rec,
2-15
3-
—
;
Utilities
Gas
Consolidated
2-11
Ltd.—
Co.,
(reduced)
Breweries,
412%
Edison
3-15
Sugar,
(reduced)
A
B
Canadian
2-
1
3-
Ltd
f*—t20c
Foundries &> Forgings, Ltd.—\
A (quar.)—:
—.
t37J/2C
Malting Co., Ltd, (quar.)
$50c
Safeway', Ltd., 4'/a % pfd. (quar.)— $$1.12 Va
Vinegars, Ltd. (quar.)
I15c
Class
1
3-
$2.50
15c
34%c
50c
common
Dominion
&
Canada
Consolidated
3-
Cement Co., Ltd., $1.30 pret.
Canada
Consolidated
2-27
(s-a)
3-15
Canada
Canada
2-18
3-15
(quar.)—
Co.
Goods Co,, common (quar.)
preferred
3-15
Canada
Canada
Coal
Consolidated
Consolidated Dry
2-25
7%
10c
—
—$25c
1-30
3-
40c
Quarterly
6
<
—
preferred (quar.)
Consolidated Bakeries of Canada, Ltd.—
Inc.,
.
—'
—
(quar.)—_——
5%% convertible preferred (quar.) ——,
Campbell Wyant & Cannon Foundry——
Co.,
Camden Forge
.Class
Connohio
3-15
15c
34%c
Co., common (quar.)—
5(o <;0 convertible preferred (quar,)
Camden Refrigerating & Terminals Co.—■
Forge
Canada
2-
1
preferred
6%
6
50c
—
Special
5%
1
When
Par
Share
•
1
Common
y. $$1.50
(increased),—37%c
common (quar.)
56V4C
(quar.)'
—————$1.50
Inc.
Power Co.,
50c
Semi-annual
Camden
3-
50c
15c
15c
(quar.)
California-Western States Life Insurance—
Electric Power,
California
*
50c
(quar.),,,,
3-10
25c
common
& Timber Corp.——.—Cotton Mills Co. (quar.)—
Land
6
Common
'
Company
3-15
3-
$1.25
(Toronto)—
Association
Confederation Life
1
3I
Co.—
preferred
(quar.)___,
Public Service,,,,,,——
$5
Name of
Empire & Bay State Telegraph—
Community
3-
Mills Corp.-—
Common
(increased quar.)——
4%
preferred (quar.)
——
31/-> %
preferred
(quar.)
3'/a%. convertible preferred (quar.)———
Burrard Dry Dock, class A (quar.)
——
Burroughs Adding Machine (quar.)_.
Burton-Dixie
Corp.
(quar.)
——
.v.
Bush Terminal Co.
(stock dividend) —
Butler Brothers, 4Va% preferred
(quar.)—
Calaveras
2-16
12VaC
Burlington
Byers
.1
1
Telephone
Commonwealth
2-16
3-
20c
2-17
2-28
& Concen¬
(quar.),—_______
common
Manufacturing
Burkart
2-27
4^c
j>Cc
,
Bullock's, Inc. (quar.)—:
Bullock Fund,
Ltd. (irreg.)
bunker Hill & Sullivan Mining
"
1.
,
Payable of Rec.
Share
of Covipany
Holders
When
Per
Name
Payable of Rec.
Share
Company
Holders
When
Per
Name of
Monday, February 23, 1948
CHRONICLE
FINANCIAL
&
THE COMMERCIAL
(886)
—
Co.
Gulf Power Co.,
(quar.)
$6 preferred
—-—
(quar.)—'.
^
,
2-28
-2-17
2-17
12-17
\
2-17
Volume 167
■■'J
,<
'
<y.;< .!• Name of'Company
Gulf' States
"
44.40
■
Per.
v.:
-t.;••*>**);
Share
;
'"J. r
Utilltles/ 'cbmmon1quar.)_
25c
'
3-15
3-15
J25c
*25c
56-
5-
9-
7-31
2-19
3-
-
1
3-
1
quar.
_________™™_.™
Quarterly
-_i-i—.—;~--l
125c
75c
Suarterly...'___i_,__.«.__L—Lil_——_-l-'
Corp;-.;(quar.).i:-_"_LLr___-ir_-_-—
3-
2-13
Hale Brdtliecfi Stbfea iquar^-™-™--,
25c
3-
2-16
Hall tC. M.) Lairip Col (ifregT)"—
Hallnor. Min?s, .Ltd, ,,(qnaT.'). ___.™y__y _—_
20c
3-10
3-
17c
25c
3-1
2-10
4-30
-4-20
3-1
1-31
i
t
\:'MontHly,:lL__iwiL^^L:
.
•
-
,,*.
Hamilton ; Cotton qo., Ltd, '(quar.^-;-——
Hamilton Watch cio., ,cpmm<ip_——Tr^•' 4^ ^convertible preferred vt^uar.liliiT—:—
Hammond
Co.rvfcpnimpnv'.ttiuar.)
Hamnleftoil! Paper, 4 VV/e pM '< (qu af.*)
'4%A-pref erred -(quar.) ________—.»___y-iX
122 Vic
:
Hecla
•--Heile'mah
Co.
(irreg.)
Co;
_z_;
.
^
7c/o
1
2-13
2-25
25c
3-
1
2-18
3-
1
2-18
3-
1
pfd.
common.
Zx/ir/o
preferred
Miami
Loblaw
2-16
4-30
4-20
Loblaw Groceterias Co.,
Class B
(quar.)
3-
1
2-20
Lone
Star
3-
1
2-20
Lone
Star
4-
1
2-28
Lord
30c
3-
1
2-14
Loew's,
3-
1
2-11
Louisville
3-10
1-30
Lowney
Lighting
Gas
2-20
$1.06y4
3-26
3-
2
Mclntyre
3-20
3-
8
MacLaren
3-30
3-20
Macwhyte
Car
preferred
5(/o
preference
series
convertible
Maltine
2-20
1
2-13
Mallory
1
2-13
Manhattan
1-30
Marathon
5'A
Shirt
Marconi
preference
Mines,
Paper
Ltd.
Co.
Co.
preferred
(quar.)____
(quar.)
5A. preferred
International
Marine
Niagara
1-30
Nopco
Chemical
4-15
3-15
Noma
Electric
3-15
33-
3-
5
1
2-
Normetal
2-14
2-27
2-13
$1.06 A
4-15
North
2-14
2-28
25c
3-
1
$1.25
4-
4-
3-10
35c
1
$2
2
of
3-20
proval)
2-16
4-16
4-
1
25c
2-28
2-
9
60c
3-10
2-25
75c
3-
1
2-16
3-15
$3.75
preferred
(quar.)
93%c
3-
1
2-16
Food
$3.75
preferred series
2-16
1
37 Vic
Insurance
McCord
3'A
.
3-31
2-17
t20c
—
3-1
2-18
Mead
Stores
$2
(quar.)
com.
1947
(quar.)
(quar.)
Co.
933Ac
(irreg.)
35c
Institutional
Bond
Group Shares—
2-28
1-31
4-
1
3-19
Michaels
50c
3-10
1-27
Michigan
—-
(s-a)_
50c
Car
Co.
Metali Industries—
(quar.
(quar.)
3-
1
2-14
3-
1
$1.62Vic
8lAc
Steel Tube
Abrasive
20c
3-10
2-27
3-
2-
Middle West Corp. (stock dividend)—
One share of Central Illinois Public Service
t40c
4-
1
3-
$$1.12Va
4-
1
held.
3-8
8
Products
3-20
3-30
3-
5
5-30
3-
5
3-
1
2-11
International*',Utilities
3-
1
2-10*
$1
3-
•
(quar.)
Zntertype Corp.
Iowa Electric Light &
22%c
;
——
40c
Pbwer-7^; ;v't
•7%; preferred
.(a,tcum.i__r
6Va.% preferred "(accum.)
preferred C
$1.75
•
1
3-15
4-
1
3-15
$1.50
4-
Johnson
Parchment
1
3-
1
3-12
50c
4-
6
3-
5
4-
1
3-
5
$4
15c
3-15
3-
Mitchell
(J.
3-
2-14
Mohawk
Carpet
25c
3-15
3-
Monarch, Life
4-
1
3-15
4-
1
3-15
2-27
5A
5
37V2c
:__—37%c
$37V2c
3-20
3-
1
5
3-
1
25c
t 3-
1
2-17
4-
$1.12%
Monarch
2-17
Montreal
7A
-
iii
1
2-18
2-27
1-31
50c
3-13
2-27
2-27
Morgan
5-20
5-10
Morris
3-25
3-10
$1.25
2-25
2-10
Motor
rcommon Xresumed$2.50
preferred •Jquai.)^tii-i
$1.50
3-15
3-
1
Mount
3-15
3-
1
25c
•;
Jlinney Mfg. Co.,
3-13
Hirsch Company,-60c. pfd. *(quar.)-iLL--
15c
2-25
2-16
Kleinert >(I.
25c'
3-11
,
Co.
'_L—
.'2——1—i_—
Koppers Co., Inci, commpn;-4% ■ preferred--tquar;)——-__
S.)^
<quar;.VU.-^Lif-V_™
Kress (s, H.);cbt;'(qugr.)i—o—---X 1Extra.™
2_„—„
„-1—
37'Ac
2-28
2-15
Tool
(J.
P.)
Wheel
Diablo
Corp.
Oil,
50c
3-
50c
3-
1
1
2-11
2-11
1-26
River
9-20
Northern
Liberties
Natural
3-
9
$4
prior
$2
preferred
Northern
7-
2
6-20
Northwestern Public
10-
2
9-20
3- 1
2-24
4%A
Nova
preferred
Scotia
5
2-25
2-
5
2-25
2-
5
2-25
2-
5
9c
2-25
2-
5
9c
2-25
2-
5
2-25
2-
5
18c
2-
5
9c
2-25
2-
5
2-25
2-5
15c
Fund
Fund
2-25
"2- 5
13c
2-25
2-25
2-
4-
3-20
5
'
87 %c
1
7-
1
6-20
12-23
12-16
4-
20c
(quar.)
1
3-20
„
preferred
Nutrine
Candy
2-20
50c
3-10
2-19
2-19
2-27
2-28
Ohio Associated Telephone
3-12
2-28
Ohio
3-16
2-27
Co.
$75c
4-
1
3-15
3-
9
2-25
Tube
preferred
A
46 Vic
2-18
Ontario
2-10
6-
1
5-10
3-15
2-13
3-15
2-13
5A
3-
1
2-14
Otter
1
2-14
Owens
Ox
40c
3-10
2-20
Oxford
3- 3
2-15
Outboard
tax
Palestine
Pan-American
3-30
3-15
12 %c
3-30
25c
3- 1
2-13
3-10
37Vic
50c
-
3-
4-
1
1
'
(irreg.)
2-13
3-18
4A
3-
1
3-
1
2-28
3-
1
2-14
2-25
2-
2
2-15
1-30
3-10
3-
$1.25
3-
1
35c
3-
1
\
$2.50
$1
:
Corp.
Petroleum
3
2-14
2-16
6-15
6-
3-
2-15
1
8
75c
Transport
3-
1
2-25
2-
5
$1
2-27
2-10
75c
3-15
Co.—
.,
Pipe Line, com. ,(quar.)_
(quar.-)—z—__—
—.....
(increased)
3-15
$1
(quar.)
&
Eastern
shares
1
1
3-10
35c
(quar.)__t__™~:
of California (quar.)
Pantepec. Oil Co. of Venezuela—
American
44-
1
3-15
75c
(quar.),
preferred
3-
1
$1.25
Irregular
Panhandle
2-27
3-15
4-
90c
Co
Economic
5
60c
com
3-15
•
2-10
1$1.25
(Minn.)
Mfg. Co.
pfd.
5-15
3-10
50c
(s-a)
8-14
12Vic
&
Corp.
Mills
3-20
$1.12%
Co
Finance
Pacific
3-31
deduction)
Glass
Paper $5
2-14
2-16
or
(quar.)
preferred
5A
2-10
3-
2-28
115c
Co.
Marine
3-15
3-15
25c
6d,
(quar.)__:
Brush
Lumber
1
2-10
(quar.)
Illinois
Fibre
Pacific
(initial),
1-26
3-15
1
Power
$3.60 preferred
3-15
1
Co.
preferred
Tail
2-24
9-
Mfg.
Common
2-27
2-25
2-14
$1
preferred (quar.)_
Ottawa Light Heat & Power, Ltd.—
3-15
1
1
1
:___
Oswego Falls Corp., 4%%
3-10
43-
3-
15c
after South Africa
1
3-30
1-23
55c
—
25c
1
2-25
9
50c
Corp.
(quar.)
O'okiep Copper Co., Ltd.—
Ordinary shares (a payment of 2s
1
3-
3-
125c
(quar.)
(irreg.)
(quar.)
3-
20c
1
3-15
2-10
}$1.75
$2.20 pfd.
Co.
3-
$44c
3-
t3c
com
50c
$13c
3-12
20c
(quar.)
2-
10c
Seamless
Oliver
1
2-10
3-
3-10
25c
50c
.
1
f$l
15c
(quar.)
Industries, Inc.
4A
2-16
1
Extra
2-13
3-5
1
Co.
1
1
2
3-25
3-
i
3-12
3-
4
2-
8
3-
(quar.)
3-10
Olin
2-16
3-
25c
Co.
3-
Ohio
2-16
3-
f$1.50
50c
2-13
1
$1.12%
25c
2-27
1
3-
3-20
40c
Manufacturing Co. (quar.)
O'Brien Gold Mines (interim).,
Ogilvie Flour Mills, Ltd., common
7 A
preferred (quar.)
1
3-
60c
(s-a)__
Oak
3-
2-20
30c
(quar.)
3-16
2-18
3-10
,
Service—■
4A
Oil
•
$1
Service
(quar.)
*2-20
*
y",.
(quar.)
1
3-
„
Light & Power—•
1
3-15
.
6-20
2-25
$1
25c
,
(irreg.)
preferred
Pacific
(increased)
2-
$1
Gas
3-
$1.75
Co.
2-25
5
12c
(quar.)
Gas
3-20
(quar.)
Murray-Ohio Mfg.
5
6c
(quar.)
Public
2
Development
Murphy (G. C.) Co. (quar.)
2-
2c
(s-a)_
4-
593/8C
-(initial)
5
2-25
7c
Co.—
preferred
3-
:
common
2-
4c
4
y
Water
10-2
preferred
new
2-25
20c
Insurance
Indiana
.$7
Inc.,
10c
9-20
Northern
1
2-20
2-
12-16
3-20
$1.25
com.
5
2-25
8c
1
6-20
1
1
Munising Wood Products Co.,
5 A preferred (initial)
2-
1
4-
6-
Munson Line,
2-25
7-
North
3-
3-12
5
9c
10-
Northeastern
$1.75
3-12
2-
12-23
9
$1.75
1
5
2-25
20c
9
(quar.)
1
5
2-
20c
3-
preferred
4-
5
2-
2-25
8c
prior preferred
3-
$7
4-
2-
2-25
80c
1
Manufacturing Corp.—
$7 preferred (quar.)
,
2-25
87%c
Pharmacal
■
quar.)_
2-5
87%c
$1.62%
&
2-25
8c
preferred
Norwich
(quar.)_
(increased
Mining
2
I
Corp.—
prior preferred
prior preferred
North Pennsylvania RR.
—
(quar.)
$1
3-11
80c prior
7-2
$2
40c
50c
7A
7 A
25c
(quar.)_
3-
9c
v
*
4- 2
$1.25
common
1
1
*
Stock
25c
(quar.)
2
ap¬
preferred
preferred
2-26
2-14
lc
preferred
3-
7c
1 Ac
(quar.)_
& Co
1
each
Fund
Finance
2-20
,
Cottons, Ltd., common (quar.)
(qugr.)
Hardware Co., common
4-
I '
4c
Investment
2-20
(quar.)
(quar.)
Chemical
3-23
Shares
80c
Mass.)
1
three
for
preferred
2-17
Mullins
2-27
B.)-Hubber
Co.
Coast
American
7 A
1
!
Paper Mills,
4%A
Pacific
North
50c
i
preferred
10c
_
Oil Co.Aiquar.)o_;„
Kinney. (G. R.) ..Cq.,* commonu.-™2_p_l™_^
ri,;$5 prior preferred-(quar.)
1
3-1
(irreg.)
(quar.)
(quar.)
3-
4-
25c
SEC
to
3-
3-10
50c
4-
Co.
3-31
50c
•:
15c
Preferred
3-
common..
Moore-Handley
25c
_
Kingsbury ^Cottoa
Diversified
$1.25
Ltd.
2-11
Series
$1.25
preferred
5A
1
4-
$1.37% "
A
com.
(Springfield,
2-13
3-10
; ::
6%
(quar.)
Co., com.
preferred A (quar.)
$3.25
J3c
Co.,
Machine
Monsanto
3-
4-1
$1.75
Mills
Ins.
3-15
3-15
75c
Series
Industry
25c
(quar.)
(quar.)
S.)
Semi-annual
-
-
25c
^___i_j —L—
Wire .(quar.),.
1
preferred
3-31
f75c
y,
7c
$1
Co., common
4
J5c
Electric
Investment
Bond
$1.27%
Missouri-Kansas Pipe Line, com.
Class B (quar.)
Missouri Utilities
3-10
3-15
:
25c
(quar.)—
95c
4* $4.50 preferred
(quar.)l'_iL™i^™—
Kerr Addison Gold Mines (interim)^
.Extra
preferred
2-20
3-31
30c
Industry Series
25c
Co.
Co.,
3-
1
Equipment Industry Series
Industry Series
Industry Series
Corporate
2-26
(quar.)
Ry.
1
3-
Series
25c
preferred
4-
$1
Series
Series
$1.50
Louis
Mining
60c
•,v'(quaT4-~\-w-,--
:i__
convertible
f40c
Series
Utility
25c
(quar.)___
& Mfg.
2-27
Industry
2-25
50c
(quar.)__
Minneapolis & St.
6
2-14
quar.)
(quar.)
A
80c
(quar.)
preferred
pfd.
5
50c
Minnesota
4-17
& Light Co.—
common
1st
preferred
3.2 A
2-25
5-
$1.25
(quar.)..
Class B (quar'.).—„———
Kelvinator of Canada, Ltd—
non-cum.
3-
3-20
10c
i
3.80 fo
preferred
(quar.)
Kayser (Julius). & Co.
Kelsey-Hayes Wheel, class, A. (quar.)
Keystone St.eel
2-25*
93%c
Jones & Laughlin Steel,; camnipn—
5 cio preferred A (quar,)—
-SI
Co.. (quar,),™—
Co.,
$5.10
6A
60c
;
joy Mfg,
dity Power
2-28
$1.25
(quar.)
(s-a)Y™
Vegetable
3-15
3-10
2-13
1
5
3-
'
Minneapolis-Honeywell Regulator,
.5fy preferred A
(quar.)—:
Co., Inc., common
preferred "(quar.)
3-15
2-28
25c
' " "
"
Tea
1
40c
(quar.)
3-15
933Ac
—
Service, common
3.75 'A -preferred (quar.)
Jaeger Machine; Co,
Mills—
4-
3-
5
Diversidied
y
common
preferred
3-
2-
Steel
.
1
prior
2-14
$1.75
dividend)
dividend
of
Bond
25c
Hart, Inc.,
3-15
3-
Railroad
2-14
——_—$2
prior preferred (quar.)
$1 prior preferred (quar.)
Milwaukee Gas Light Co., 7 A pfd. A
Minneapolis Gas Light Co. (Del.)—
5A'A preferred (quar.)_
5A preferred (quar.)
1
$1.62%
((accum.)
Public
Knitting
3-15
&
4-
50c
Dock
2-
80c
$J
Cotp.
Miller
2-16
93Ac
Dry
Tobacco
for each two shares
Common
2-19
2-14
3-
2-
Diversified
1
3-16
3-
45c
2-25
4
3-10
4-
10c
%
2-25
Oil
2-18
3c
common
50c
(quar.)
2-25
3-22
3-
2-10
1
9c
2-10
1
3-
10c
3-
3-
15c
Common
.
5
60c
-
>
2-20
12c
3-12
30c
shares
dividend
$2
t40c
^_l____ 1—
•i._T_„_t
f
$4
4
3-
Series
1
3-12
Co
(Subject to SEC approval)
Steel Products, common
preferred (quar.)___
Paper Co., common (quar.)_
75c
preferred (quar,)__"____^_"—$1
International .'Silver' Co:_iii'_i—
$1.50
International
3-31
2-28
(accum.)—i
pfd.
Midland
8A
2-
1
3-10
Series™
Stock
2-25
35c
Sugar,
Ltd.—
2
4-
Series
Industry
Public
1
10c
(quar.)
Michigan
($10 par)
3-
$1
(quar.)
Co
(Subject
Industry
Railroad
2-20
3-
12Vic
;——
Co.
Mid-West
5
$1.25
pfd.
(cash
held.
Stock
4-
30c
preferred
Service
6A
3-10
97Vic
(quar.)
3-12
1
5
Machinery Industry Series
Merchandising
Series
3
50c
2-19
$1.75
2-
Metals
3
2-
$1.75
1
4-
2-20
1
Supply Industry Series™
Chemical Industry Series
Electrical Equipment Industry Series
3-10
(quar.)—
3-10
Co.
—
International Nickel Co. ,of Canada,
2-
1
3-31
:
pfd.
Michigan
*;.>&}*<'.
__!_
1
3-
35c
$1
^
Cigar Machinery
;—
^International Harvester Co.. 7S& pfd.' (quar.)
3-
50c
(quar.)
common
3.90'A
Stern & Co.,
Public
2-27
3-
Building
3
Co
Edison,
Blanke
2-
25c
Extra
25c
^,--7—7
International
..-•Quarterly
Motor
Metropolitan
Bank
"
Corp.,
(quar.)
preferred
Meteor
25c
'___
.]___
(initial)
4%%' preferred
9
2-14
Aviation
3-18
1
:
pfd. (quar.)
partic pfd. (quar.)
Corp., $3.25
Thermit
&
7'A
1
2-
1
Textile
Meyer
Inter-Ocean Securities Corp., 4yA'pfd.
International Business Machines—
International
3-
1
3-
16c
Ltd.—
Reinsurance
common
3-10
3-
50c
Xnterlake Steamship Co,.__
Inter-Ocean
1
$1.50
(quar.J,_J_Ii'—
Shares,"
and
preferred
!;>
2-17
3-30
3-
(quar.)_____
Merritt-Chapman & Scott, 6%%
partic.
3-
2-27
?,
$1.06A
;
(quar.)
Co.
1
50c
(quar.)
preferred
1
3-
62Vic
common
Publishing
3-
25c
r__
(quar.)
preferred
2nd
Meredith
Co.,
common
preferred
Corporation,
4A 7o
^
—
Corp.,
$2.50
2-17
10c
Corp., com. (quar,)
preferred (quar.)
Co.
Government
2-18
(quar.)
May McEwen Kaiser
2-17
2-28
50c
Stocks, Inc.—
Agricultural Industry Series
Automobile Industry Series
4-1
3-31
3-15
.
(quar.)
3-31
3-15
.
2-16
tlOc
2-18
1
t
3-17
1
4-
Y.)
(increased
Potomac
1
Ltd.—
1
3-
York
New
2-27
of
3-
Canada,
4-
37Vic
Car
shares
100
y
1
5
$1.12%
(increased)
4A
Liquidating
shares
;
85c
2-20
3-17
Ltd.,(interim)
American
Partial
y
2-13
5%
Corp.,
(quar.)
(quar.)
4-
25c
(quar.)
American
North
2-25
.
Co.,
convertible
preferred
1
3-10
20c
$3.40
3-
3-30
v.
Noranda Mines, Ltd. (increased quar.)_
Norfolk & Western Railway, com.
(quar,)
2
2-28
Weaving
2-16
(Ontario)
3-15
50c
preferred
Wire
1
Co.
Department
1
Company—
non-cum.
3-
Electric
3-
4-
Extra
5
2-14
25c
(quar.)_
$5
2-13
:
7 Vic
Metal
IS.
3-12
3-12
2-25
•
Metal
fcresge
3-31
88c
$50c
(irreg.)
(quar.)
2-13
Koehring
New York Dock
$50Vic
Corp.
2-18
$6
3-20
2-17
12y2c
f$1.25
A Xquar.)_,__
Common
Masonite
3-10
;
1
1
8
Communica¬
1
Extra
2-20
4-
May
5
6
1-25
3-23
—
($2
20c
Newport News Shipbuilding &
3-
3-
3-15
2-20
7-31"
8-16
New York Air Brake
15c
(quar.).
3-
v
3
$1.75
Ltd., ordin&ry registered (final)
Marine Magnesium Products Corp.—
9
1
-
(quar.)
4A
3-11
2-16
(s-a)
Sngersoil-Rapd Co.
Inland Steel Co.P
.
2-
1
2-
1
3-
7
Insurance
$25c
(quar.)
4 A'A
3-20
Kendall
1
3-31
3-
2-
2-
4-
$1.25
12%c
Newport Electric Corp., common
3%A
preferred (quar.)
12Vic
;•
1
$1.25
r
3-15
50c
37 Vic
(quar.)___
18c
Kansas
3-
Life
Master
8
3-
1
Newberry (J. J.) Co.___
Newburgh Steel Co. (quar.)_
6
3
2*20
.3-15
-H-
2-23
Co. (N.
Warehouse
2-23
2-
•
50c
(quar.)
3-10
2-
2-I8 :
1
(quar.)
New
1
1
25c
stock
common
2-23
2-28
7-22 >
10-20
3-15
held,
Storage
Jersey Power & Light,
World
.*:
-4-
pfd.
Casualty
,'
(quar.)
25c
Kalamazoo
New
25c
t37Vic
&
2-14
3-
25c
T
(quar.)
Johnson
Amsterdam
2-14
3-
4-21
1;
15c
*
5A
common
Bedford
2-16
(quar.).,
convertible
•33A5^
Inc.
New
New
2-11
10-30
*$1.75
r
(resumed)
Inc.
62 Vic
(quar.)
(quar.)
Indiana Gas & Water (quar.)—™—;___—
Indianapolis Bond & Share Corp. (irreg.)—
Industrial Silica, 6y2%
preferred (accum.)
Jewel
Nesbett Fund,
2-11
1
2-29
3-
3-10
$20c
Common
Jantzen
Brothers,
25c
Imperial Varnish & Color Co., Ltd.—
6'A
2
t$l
10c
1
5-
8- 1
$1.12%
3-10
$1.10
(quar.)
RR.
Co.
Corp.,
/3-
20
(quar.)_
com.
.s
2-11
25c
$1.50
pfd.
conv.
(quar.)
Company,
(P. R.) &
1
-$1.12%
(quar.)
(increased quar.)
Co.
3-1
87Vic
tions,
Final
Iowa
Neisner
20c
M.),
&
(quar.)™
.2-17
,
*> ■<■*,
3-
(quar.)
75c
preferred
Imperial Tobacco Co.
Ordinary (interim)
;
2-
Tea
(quar.)_™__—
Erie" Mtge. Corp.
Hydraulic Press Mfg.—
A
1
preferred
Corp.
(irreg.)'™".
&
Class
3-
$25c
Square Garden Corp.
3-10
(quar.)__
New
Nelii
$25c
(quar.)
Power
3-
(quar.)
5'A
i
National
2-19
Corp.
i_
Motor
Humble Oil & Refining Co.
Hunt Foods.'Inc., common
Stock
2-19
1
$25c
Madison
5
10-23
1
3-10
:'.
-
,
1
$i5c
(s-a)
(stock dividend)
share
Supply Co.,
4% A
1
3-
50c
Ltd., class A (quar.)
1st pfd.
Porcupine
3-
3-
National Steel
National
2-11
f
Extra
37Vic
3-15
4-23
7-24
25c
(quar.)
(quar.)
6fA
Co.
$1.06'A
50c
1
3-
45c
*
,
Rubber Machiney Co,
Standard Co. (quar.)
1
3-
pfd.
Type Co.,
for-each
5-
11-
2-io**
t
25c
&
:
2-10*'
Co
Pressure Cooker
8-
87Vic
Ltd. (quar.)
Ludlow Mfg. & Sales Co. (increased)
Mackintosh-Hemphill Co.
£- 3
Sound Co.. (quar.) ._y-y_™___:___
Hudson Bay Mining & Smelting'Co.; Ltd.—
'
National
National
2-28
(quar.)
Corp.
Dock,
(Walter
2-23
3-10
5
2-10
2-28
•
Nashville
&
3-15
25c
&
Inc.
2-26
50c
2-
1
30c
Inc.'. (quar.)
Co.
Taylor,
2-28?
—
Increased
Cement
Coal
&
15c
(quar.V™J_:
&* Power
Groceterias,
Lorain
9
1
3-
$1.75
(quar.)_
2-17
2-
3-
6*
3-10
New Jersey Zinc Co
2-20
1
40c
9
3-
20c
.
:
(quar.)
(quar.)
additional share of
pari
30c
__
!
common
1
3-
One
1
30c
(quar.)
(quar.)
2-27
$1.25
National
2-21
3-
25c
50c
A'Pffly^uar.)
2-16
RR.—
Special guaranteed
Original capital
20c
"-$1.12%
(quarr).
1
3-
2-
2-18
20
Co,y $4.50
preferred
3-15
4-15
2-27
■
National Paper
.
3-15
■; 70c
30c
quar,)P.__;r.1_!l~I"-i.'
3-
7
75c
3-26
?.
2-
•2-10
20
National Oats
2-16
1
•
♦_
(quar.)
(quar.)
25c
(quar.)__
1
3-
5A
1
3-10
.
preferred
$1
*.
(quar.)
common
25c
$1
6A
3-
31 Ac
%
(quar.)
(quar.)
(quar.)
Corp.
Little
.
•2-20
2-10
3-
*$1.06
National Lead Co., 7A preferred A
tquar.)__4%A
9
2-24
$12%0
'National Linen. Service Corp.,
12 Vic
(quar.)
Inc.
Insurance
Liquid"Carbonic Corp.,
^
5
35c
Extra
3-
3-15
3-
Co.
9
2-20
3-
-
Chemical Co,, of Canada.— !:•>;
Gypsum
2-
30c
preferred (quar.)__.
Electric Welding <quar.)__
National
2-27
5
30c.
Stores,
2-
1
3-
37 Vic
l._
preferred
Link-Belt
3-
3-5
$1.50
Quarterly
Lincoln
2-25
3-10
Life
25c
Howe
$1.50
2-14*
3-12*
3-15
National
20c
Oil, (irreg.)
6%
1
2-13
31c
—
Howard Stores Corp., common (quar.)_
4Vi A preferred *(quar0---7--_~-,--
,
2-25
3-13
2-18
$1
,
i
Quarterly
25c
(quar.)
common
Horn & Hardart Co. (N. Y.V, 5
6 Yo
Lincoln
2-13
25c
4!i^"preferred
Huron
2-20
2-27
25c
Co., common™
preferred ^(quar.)__^i__
Hudson
3-1
87 Vic
$1
:v
_ r
Corp.,
-
Howe
Life Savers Corp._L.__
Liggett & Myers Tobacco
30c
Qii-Corp..
Houston
2-16
2-16
Lionel
Electrochemical
Co.,
1
1
4-
2-28
3-19
'
1
3-
40c
(quar.)
Products (quar,),
Quarterly
Quarterly
'
2-18
$1.75
Convertible
National
"
'
f
15c
(quar.)
Dairy
1
50c
Flbers__,____,
Common
2-14
3-29
,
$1*
National Drug &
2-25
3-2
RR.;—
preferred
National
-
2-13
;
50c
;
4%A
v
,2-25
3-15
Louis
3-
25c
St.
Co
preferred
40c
Y.,
3-
50c
'
Manufacturing. .Co.„ (quar.
Hoover
preferred
N.
3-
30c
3-15
$1
5c
(quar.)
of
15c
25c
L
(Chas. .E.K Co.,,(quar.—
$4,25
Co.
Fabrics
10c
r(quar.)(_______>.____
Honolulu. Rapid -Transit,
,
Salt
25c
Home Oil Co^.__
Honolulu
Liberty
50c
<•
-'Quarterly'
Hooker
Electric, 5%
Leslie
1;
3-
y:
3-1
40c
*
z.
Lees
6
4-
1
25c
'
V
ExtTa
125c
Hotels
9
' 37VaC
2-13
1
7A
Holder«
Payable of Rec.
50c
?
,
&
National Biscuit Co., common,
2
When
Share
,
National Container Corp., com. (Del.)
(quar.)
National Cylinder Gas Co., com.
(quar.)
2-18
(James) & Sons (quar.)
Lehigh Portland Cement (quar.)
3-15
2-
1
2-
(quar.)
Leland
3-
2-11
2-14
3-
Per
,
47
Co.—
__w
Automotive
3-
30c
Inc.
2-13
(quar.)_—.___™—
Brewing
Cady Co
(H. D.) Co.,
2-1*4
4A convertible preference (quar.)
Hinde & Dauch Paper Co. of Canada, Ltd—
Hires
2-13
25c
Mon th 1 y--;^ _ _ _
Hobart
3-
-4-20
National
2-23
A
1
,
•
Lee
1
Heywood-Wakenelb .Co^: common'|jrf,eg.)—
5A preferred, B> (quar.—
Hibbard Spencer, Bartlett & Co. (monthly)Mopthly.__w_-_ _?
i
Lee
2-13
50c
$1.50
37 Vic
10-15
-10c
-,
2-13
3-
-
11- 1
2
.
3-
Co
3%.A, preferred
Hilton
2-19
1
1
Acme
'■
V
Resumed
•
9
—,—
25c
Hewitt-Robin's, tncU • I qua r.)
Hey den Chemical Corp., common™':
"
3-10
3-1
3-
National
2-28
.
;
Chattanooga
7-15
2-
quar.)_____
$1.06%
Hercules,Steel Products Corp. ■$ r. X/r
•*, 6% convertible preferred B^iquar.),a
'
3-10
50c
Glass
tG.)
3-10
1
(increased
(.
4-15
V 3-15
•,
.
Motor Specialties
1
2-
Bleachery & Dye Works (quar.)
Lansing Stamping Co. (irreg.)_____—
Lanston Monotype Machine Co. (quar,)_—__
Le Tourneau (R. G.),
Inc., - $4 pfd. (quar,)
25c
H (quar.),
Mining
1.
Co.
Muskegon
2
58-
'7%o
Lanett
4-
Nashville
2-23
Lane Bryant, Inc.* (quar.)___
Lane-Wells
•4-
$2 class A (quar.)
Nachman Corp.;
,3- 1
(quar.)__'___
H.), Inc.
2-24
3-15
6-15
9-15
.,
—P_-—--—--—
(M.
2-24 '
:/> 50c
\t~> Extra.*__™L—
ipanna xM.^,) Co^4C25'^d;"(qjSA^)^_—_
Harbison-Walker Refractories,' com, (quar.)
.) S%> preferred .Xquui.lA_w._-_v_-_->_i^'_Barsha#' Chemical ,C$:j (quurX^---i^-^—
'.Hart-Carter Co.J'-. $2 'preferred
(quar.)
;
Common v(inegA,^__rt__io_____^:v».--~:
Hathaway" ■ Bakeries (quaf.)
^Havana Lithographing- Co.ifLi-^ii^L-i::
Hawaiian-'Pineapple, Lt"<L-iI-r_"_L_-,nri.
Hazel-Atlas
Extra
Lamston
2-25
-
■
—
1
,
3-15
—$$1.75
a
15c
(quar.)
3-10
;____
■
preferred
i-'
„
,
Name of Company
4- 1-7
Lakey Foundry & Machine Co.____™.—___
3-15
25c
37Vic
y£onjtnon (increased) ;„___'_v_Li-L-___Li.____
Hahoofclt'Gil
Class
7F/o
....
1-30
7- IV*.
10- 1
$1.50
—
1.
Holders
3- 1
$1.50
25c
•$ 1,06 y*
31.12%
'■
—-
(quar.)_™_™_
(quar.)__—_—_—.—
preferred
(887)
Payable of Rec.
60c
$1.50
1st
.*>: $1
;
instrument::,
When
Share
<
__—_
2-13
3-
!
:
'
,
7% 2nd preferred (quar.)_^_
$1.75
7% 2nd preferred (quar.)_i_.—_—
i- *;
$1.75
7% 2nd preferred (quar.)
—$1.75
Laclede-Christy Clay Products (quar.)
35c
Lake Shore Mines, Ltd..
(quay.)—
—
$18c
Lake of the Woods Milling Co., Ltd.—
Common
(quar.)
: < $40c
1
25c
oca
;
of Company
1st preferred
6Yo
6%
'
•-
CHRONICLE
Per
Name
1-31
3-15
FINANCIAL
Kroger Company, common <quar.)____
6'A 1st preferred (quar.)i.
2-19
3-15.
7 Vic
150
Products,. Inc., .poipmon (qyo.r.1^;(quar0 -^4-----------lr^7-----—,
Gypsum Xime & AlabastJlne pf^Cada^a; Ltd.—
Class:. A'
&
Holders
When
Payable of Rec.
$1.10
-preferred
Gum
Increased
COMMERCIAL
THE
reb'4675
muN$>
...
$1
:.
......
64c
3-
2-27
1
4-
;
3-15
.
1
,-y. i
2-20
a
<
48
''
COMMERCIAL
THE
(888)
FINANCIAL
&
CHRONICLE
Monday, February 23, 1948
*"
Per
When
Holders
Holders
When
Per
Per
When
t
Name of Company
Share
Paramount
Pictures,
Park
Consolidated
Utah
Parker
Pen
Co.
,
$4t25
Paton
Rig
Reel," common-;.
&
preferred
Parmelee
(quar.)
*—-—
Peabody Coal Co., common
____
5% prior preferred;
—
6% pfd. (This payment clears arrears)—
—_____
Peck
Stow
pfd.
5 Vz %
Peninsular Telephone
S3
preferred
Co.,
Common
4(4 %
preferred
Permutit
Co.
Pfaudler
(quar.)
pfd.
& Gear,. 7%
(The)
2-20
St.
2-20
(quar.)—
(increased)
—
,
Share
Co., common
preferred
Co
Shops
Lead Co.
3-15
2-29
3-15
2-29
3-
1
3-10
Sylvahite ' Gold
2-25
2-10
75c
3-10'
2-20
Syracuse Transit Corp.—
Taggart' ■■ Corp;.%_:__
15c
3-
1
1-30
$1.10
4-
1
3-12
7
Scott Paper
3-
1
2-
7
1
2-
7
3-
1
2-14
6-12
3-15
3-15
3-
3-
1-31
3-
1
1
$7c
5
1-31
4-15
5-
1
8-
1
(increased)
(quar.)—
Scovill Manufacturing, $3.65 pfd. (quar.)
Scythes & Co., Ltd., common (quar.)
Seaboard
Roebuck
Co.
St
4-
1
3-15
Securities Acceptance Corp.
4-
1
3-15
3-
1
2-20
3-
1
2-19
Seismograph
3-
1
2-20
Serrick Corp.
3-27
3-19
3-
5
Seeman
2-11
Tenriessee
1
2-18
Texas
2-18
Texas
Gulf
3-15
3-
Texas
Pacific
3-10
1
2-13
$20c
3-
1
2-
10c
4-
1
3-10
25c
3-
1
2-18
$0.2917
3-
1
2-18
The
25c
3-10
2-19
Thomastoi; Mills
25c
Class
A
(quar.)
1
2-19
3-10
2-20
Servel,
3-11
2-26
(increased quar.)
(quar.)_j._
Co., common
(quar.)
&
Inc.,
•
3-31
3-15
Common
3-10
2-25
4%
1
2-10
3-
(quar.)
preferred
2
Textron,
(W.
$1.25
Extra
(quar.)
Phillips-Jones Corp. (increased)
preferred
Extra
Tide
2-25
4
4(4% preferred (quar.)—
Pittsburgh Coke & Chemical—
Oil
St Co.,
Class B
—
%
_.
(quar.)—_.
(increased quar.)___
Potash
5(4%
America
of
Utilities
new
Pressed
3-15
2-25
Timkeft
3-15
2-25
3-10
Public
Car,
3-
2-
6
New
3-
2-14
Signal
3-
4-15
4-
3-12
2-W
4(4%
3-
5
2-13
5q
3-
2
2-20
40c
37(4c
25c
(irreg.)
5%
preferred
Saw
Ltd.—
(quar.)
Steel
St
1
2-20
3-25
3-
3-
1
2-14
3-
1
2-14
3
Simmons-Boardman
3(4%
Public
Gas
$3
coriv.
preferred
Service
4ya%
preferred
2-16'
Simon
Singer Manufacturing
7!
_____
Public Service Corp
$5
preferred
6% preferred
7% preferred
8"U preferred
3-
1
2-19
4-
1
3-12
3-12
,2-27
$14
3-
1
2-13
Extra
■
45c
*;
$1.25
50c
$1.75
$2
___
—,
—
Sioux
5%
Oil
—
(quar.)_
convertible preferred (quar.)
Co.,
common
.
(quar.)
com.
8%
preferred (quar.)
Quaker Oats Co., 6% preferred
(quar.)
Quaker
Oil
State
Refining
Corp.
$3.50
1st
Ray-O-Vac Company
5%
prior preferred
$1.60
common
3-15
2-16
3-15
2-16
South
Southeastern
3-31
2-27
preferred
?
1
2-16
3-
1
2-
4-
1
3-15
4-
1
3-15
Petroleum
Inc.—
(R.
Sparks
2-19
Spear
4-
2
3-
1
4-
1
3-
1
4-
1
4-
1
3-15
3-
1
2-13
$40c
$40c
$40c
3-
1
2-13
6-
1
5-14
9-
1
8-13
12-
1
11-12
7%,
7%
1st
2nd
preferred
preferred
1
2-16
Standard
1
3-16
$3.50
4-
1
3-
9
Standard
4-
1
3-
9
Standard
4-
1
3- 9
2-25
2-10
(quar.)_
5%
5%
preferred
preferred
Rolland
4% pfd. F (quar.)
(quar.)
common
(quar.)
(quar.)
A
Paper Co.,
Roxy'Theater $1.50
—
(quar.)
Ltd.,
4(4%- pfdi
preferred
(quar.)
(quar.)-
Common
(quar.)
preferred
pfd.
(quar.)
$1.75
6-15
6-J
30c
___
3-10
_____:
h
8-10'
2-27
.
v:r:
4-
17
(quar.)_.
2-11
1'""::
3-20
2-27
2-14'
3-
'
4- 2
1*
Co.; of
Biscuit
3-10
2-27
$i-;:
93%c
quar.),.^!.
(increased
l, •:
-AmericaJri-'
t
2-20
-
2-10J
3-10
3-
25c
1
3-
•
t
3-
.
I
3-
65c
Co." (quar.)
—_
1
2-16
2-13
2-13
50C
Inc.,
Chemical
Increased
3-10
'"$25c
2-28
2-28
25c
3-10
;
75c
3-10
"
55c
Standard
4-
2-2 *
2-10
1
4-
1
3-15
Standard
4-
1
3-10
Standard
3-15
2-19
Common
Partic.
1
6-15
.
15c
29jjc
$25c
$1
30c
$1.25
$1.25
$1.25
$$1.06'A
37'/2c
104-
1
1
.9-15
3-15
7-
1
6-15:
10-
1
9-15
3-24
Oil
Co.
Stedman
& Stern
Baer
&
Sunstrand
com.
8-13
United
Insurance
4-15
4-13
Universal
Pictures,
2-16*
Universal
Products
3-
Universal
Winding Co.—'
1
3-
1
3-10
5'
2-17
3-
4-
1
3-12
;
Upson
Valley
4-15
1
3-
1
1
6%
preferred
Raalte
New
1-30
1-30
Verney
Viceroy
4-
1
3-20
Vick
40c
3-
1
2-20
Vanadium
2-10
3-10
2-28
3-15
3-15
4-15
3-29
3-
Alloys
1
7 7, $25c
4-
1
34 1
a.*
3- 2
2-13
1
2-16
3-12
2-27
40c
15c
%
2-19
25c
7
$1.3714
.7%
(quar.)__
2-27
3-
1
2-18
3-25
2-28
4-
.
1
250
4-
25c
4-1
$1
;
.
3-10
25C
25c
(quar.)__
3-
1
3-15
2-28
1
2-28'
1
:
Warren
(quar.)
,
&
cash
Power,
(quar.)__
—
2-27
1
3-20
7-
1
10-
9-20
12-21
3-20
3-10
3-
1
2-11
75c
3-
2
2-13
25c
3-
1
2-13
.
(increased)
$12c
30c
:
;__
com.
(quar.)
(initial
$17-
,
$3114 c
Oil &
Ohio
-
Westeel
Western Auto Supply
37'4 c
3-
2
2-16
10c
3-
2
2-16
5%
5%'
Products
6%
Tablet
3-
1
2-18
6-21
62
'4 C
6-
6-
3-25
5-
1
3-15
1
8-
1
3- 1
;
2
,
4-15
7-15
50c
3-15
3-
20c
3-1
2-13
$30c
3-10
2-10
40c
*3-12
2-16
3-15
2-16
7.
$1
62'/2C
4-
1
5
3-20
.
2-13
75'c*
3-
1
2-16
25c
3-; 1
2-14
3-
2-14
20c
3-
$1.75'
1
1
2-16<
4
;•
8-16
8-12
I5c r,
(quar.)
3-
1
2-14'
$1
3-
1
2-13
17'4 c
common
3-15
$1.12',
(s-a)______;^j__
(initial)
3-20
3-
5
25c
3-25
3-12
35c
(irreg.)
(extra):
&
preferred
preferred
Western
2-19
-
3-10
2-25
$50c
Stationery Corp.,
com.___
3-15
2-25
75c
(quar-,).
1
....
1
6-21
37 V2C
Corp.—
Coal & Coke
2-16
3-10
2-16
3-
3-20
37'/2 c
1
1
$1.25
Snowdrift, $4 pfd? (quar.)__r!
Gas -Co.
3-
2-18
3-
3-
30c
$37'4c, 7
West Penn Electric Co.;
Western
3-15
$1.25
quar.)
;____;
Insurance
2-25
2-28
6-19
1
1-2-49
Engineering Co;___;.__-__„
1
3-20
2-20
9
50c
.____
3^31
5c
3-1
"
(quar.)—
Wellington Fire
Wesson
25c-
(quar.)_:
(quar.)___—
2-20
25c
(quar.)'!j______
3-15
3-
6
1
3-
dividend)—i_
(quar.)i_'__
15c
$20c
1
2-
3-
62'4 c
!_
(quar.)
25c
(quar.)
^
3-
2-28
4-
62'/2c
(quar.)
Ltd.
(Northam)
Wellman
West
2-14
2-16
3-12
.
621/2 C
—;
$3 convertible preference, (quar.)
;______
Warren (S. D.) Co., common (quar.)_____i_
$4.50 preferred (quar.)—
.____:
Warreri Petroleum Corp., new com. (initial)'_
3-22
2-20
1
$1
Steel
Co.
Quarterly
3-22,
,■
3-
(Hiram) Gooderham & Worts, Ltd.-—'
'
West Virginia
(increased quar.)___—
(quar.)
3-15
3-12
25c
—
preferred
4-1
A
15C
$15C
—
Co.
2-18
56c
/.
(quar.)
(quar.)
Tool
3-
3-10
50c
*
(quar.)—
Corp.
3-11'
60c
.
1
62»/2C
;■
.___
—
preferred
Walker
•
$1
;
Co.,
Chemical
6%
1
1
4-
1
3-
22'/2C
Visking Corp., class A (increased)——
Vogt Manufacturing Corp.—
Waite Amulet Mines, Ltd. (quar.)
J—
Walgreen Co., common ; (quar.)
%
4 % ' preferred
(quar.)
Walker & Co., class A' (quar.) _________ii__
1
3-
4-
3-
(quar.)
Virginian Railway
(quar.) _____1________
6% preferred (quar.) —!____
2-24
93 3Ac
4-
,
C*rp.
Mfg.
preferred
$5 preferred
'
2-28
37'4 c
3-10
4-15
25c
(quar.)
(initial
$5
2-10
3-15
6
3-30
$1.06'4
(quar.)—I
Virginia Coal & Iron Co.
Virginia Dare, Ltd., 5% pfd.
,2-13
50c
2-
'
1
35c
5-24
2-16
Co., Inc.—
common
1
3-15
2-23
1
3-10
(quar.)„
Co.
Norman
1
______
pfd.
(quar.)
Co.
Mining Co.
Machine
prior
3-
2-28
2-23
50c
—
common
prior preferred
3-
20c
& Iron,
preferred
Van
3-
'3-15
6-10
15c
5%'
2-13
3-15
1
3-10
3-10
3-
Co;——_
preferred
Van
3-15
2-16
56'/4c
;
Co
5%; prior
2-23
5
3-16
1
4-
1
3-16
1
3-
$ 1214 c
(quar.)_
prior preference (quar.)
Knitting Co., common__i__—:
prior preferred (quar.)__
5%'
3-10
3-
Co.
4(4% pfd.
Co._r
preferred
Sugar
Mould
Utica
2-20
3-20
11-30*
1
4-
$2
$3.50
2-25 '
5-
Walton
Utah-Idaho
3-15
5
8-31*
12-20
$1
Wallpaper, Inc., 4% preferred (quar.)
convertible
90c
2-13:
3-15
5-31*
9-20
1
5
2-17
.
2-28*
6-20
"
$1.25
pfd.
3-
3-
____;
Inc.
Oil, Ltd.—
preferred
Swan-Finch Oil.
2nd
4%%
6-15
4-
$2
:
9-15
$31'Ac
partic.
Die
4%
Spring & Bumper,
1
7-
3-20
62'/2c
!____.
preferred
non-cum:
2-25
$1
__ji____
3-15
fquar.)—
Textiles, 4%%
Superior Tool &
2-15
8%v
110c
Truck
Sun Oil Co., common
Sunshine"
preferred
2-18
2-13
50C
common...?.!
Co., common.———_______:
non-cum.
Virginia Elec.
(quar.)
Inc.
5%
A
Rubber
8%.
1
50c
Steel Corp., common——
United Steel Corp., Ltd.——
1
4.
70c
_______
S.
25C
Stores,
Fuller
(D. A.)
S.
U.
(increased quar.)__
Supply Co.:
Ltd. (quar.)
Motor
U.
1
$1
Bros.,
Brothers
Stuart
*2-15
(quar.)
;■/;
5-14
3-
3-
3-15
3-10
'
:7oc
_______—
Card
Printing & Lithograph,
5%
preferred (quar.);_—
6-15
3-15
1-31
22'/2c
;
S.
40c
:
Storkline: Furniture
1
U.
5
$1
(quar.)'
Fuel
2-18
1
preferred (s-a)
Playing
2-16
,
______
2-13
3-
S.
S.
50c
Participating
Railway Equipment Mfg._
Standard Wholesale Phosphate & Acid Works,
Class
U.
U.
3-
3
3-9
70c
2-13'
4
2-10
3-31
50c
—
3-19
3-
2-
2-17
2-
2
2-16
70c
2-14
$25c
1
12(4c
1
;
6214 c
>
2-16
87'4c
preferred
1
12 (4c
3-
2-27
2-28
3-
$1.0614
(quar.)i_Li_—_^_
common
2-14
!
2-16
2-16
50c
S,.Pipe & Foundry Co.—
(increased' quar.)
5%
(initial)
conv.
3-
2-16
1
2-16
1
*
Common
Materials,. Ltd.—
4-
1
2-27
%
4 V2
U.
3-15
____
(quar.)
A
&
prior preference
Stonega Coke & Coal
3-
1
2-14
94c
2-14
1*
1
3-
3-
50c
Stokely-Van Camp, Inc., common—_ ;
3-
3-
3-3T
40c-
Stix
3-15'
2-13
3-31'
$L-
Stern
3-19
:
2-28
25c
3-10*
3-19
Lines Co.,
$3c
2-25
1
S.
$1.12'4
3-10*
1
U.
1-30
3-29
/
1
1
4c
2-13
—
of Ohio
Co.
Paving
Sterling Drug;
4-
250
Co.%__!;_^_—
Machinery Corp.—
";
4%% participating preferred (quar.)_.
U. S. Leather Co., class A.__?
3-15
7
Standard
Sterchi
$5
Hoffman
40c
(quar.)_
com.
of Kentucky
Co.
2-25"
4-
Guarantee
S;
$1.50'
1
1
S;
U.
20c
1
3-
U.
2-10
1
33-
$1
ii
1-30J
3-10!
3-
3-12
3-
'
50c
Co.-
$1.25
4-
1
5
3-10
$1.25
4-
3-
3-
4-10
^
53C
(extra)'___—
Machinery
3-20
3-15
2-16'
1
U. S. Electric Light & Power Shares^-
.
of California-^
preferred
Inc.
58140
"•
__i_,
Specialties
$1.25
Sterling
3-24
Shoe
1-30-
1-31
1-31
2-24'
Co.—
quar.
United
United
15c
State
Increased
:.v
Insurance
1
3-
4-12
7-
: 3- 5
7_
'
&
Pacific
$$1.25
Ltd.,
Co;,
Indiana
of
Oil
1
3-15
(quar.)'_
B4
Coal
2-14
3-
2-16'
(quar.)
quar.
Standard Ofl
5-
4-15
2-14
:
3-12
(quar.)
common
Standard-Coosa-Thatcher
3-
2-16
United
2-16
(quar.)______—_———
Cap & Seal $1.60 conv. pref. (quar.)
3-10
1
>
2-20'
3-12
36'Ac
3-20
1
Ltd., -class
Railways Co—
7% prior preferred (monthly)
6.36% prior preferred (monthly)
6% prior preferred (monthly) _^_
4:%"
2-20
1
___
Oil Co.
T
Light
4
2-
1
Electric
United
2-
1
3-
$1.37%
Standard
4-
1
,
1
(increased quar.)^—
Standard
5-
1
3-
.
$1.37'4
4-15
3-
1
3-
Corporations,
(qiiar.1 __i_u__^
United Elastic Corp. ,,£(quar.)
United Illuminating Col__i——
2
3-
(quar.)_
4-15
Royal Crown Bottling (Louisville, Ky.) —
5%
Air
United
2-16
3-12
75c
(quar.)
4-15
50c
$1.75
1
3-
(quar.)
common
conv.
pfd.
1
25c
prior preference
6%
1st
1
$1.12(4
4%%
Co.,
(s-a)
3-15
Universal
5-
40c
Extra
&
11-10
$30c
—
5-
$1.75
—$1.75
;—
$1.75
25c
Controls, common-——
preferred (quar.)
Robinson; Little St Co., Ltd., class A (quar.)
5-10'
5
8-16
11-15
2-24
40c
(Dallas)
4-26
$1.75
$1.75
(quar.)
2-16
2-20
V
'
3-10
3-12
25c
(quar.)
Brands,
25c
..
3-
2-
3-
i
37 '4 c
Insurance
$5.50
preferred
3%%
Robertshaw-Fulton
5%
5%
':
$0.2656V
pfd.—
preferred
12(4c
(quar.)—
Rochester Gas & Electric,
4'%%
Dredging, $1.60 conv. pfd. (quar.)_
Forgings Corp. (quar..)—
.
(quar.)
Rockwood
Quarterly
4-
.
(quar.)
preferred
Richfield Oil Corp.
Co.
Inc. $4.50 pfdt (quar.)——-—__
Springer Sturgeon Gold Mines, Ltd. (interim)
Squibb (E. R.) & Sons_;
—
—
$4
preferred
(quar.)_
Staley (A. E.) Mfg. Co. com. (quar.)
$3.75 preferred
(quar.)
—
Standard Accident Insurance Co.
(Detroit)
$1.31(4
_____—
(quar.)"__
2nd
1
1
25c
'
2-18
2-29
Co
25c
(quar.)
2nd
6-23!
5-15
$1.25"
Corp.; 5%r preferred (quar,)
Lines, Inc., 4% % pfd: (quar.)'__-; $1.12%
United ' Carbon
$0.2542
Spiegel,
90c
7%
25C4
(quar.)';.__—_•
Co,
Quarterly
50c
(quar.)
7%
33-
$150*
Aircraft
United
2-25
$1.12 '4
Water
Gas
2nd pfd.
3-
30c
(quar.)
preferred
preferred
United
•
Paper—
&
Spencer Kellogg & Sons
25c
preferred (quar.)__
Dry Goods, common;•,(quar.)f___;—
preferred (quar.)___,
1st
3-15
1
40c;
.____
(quar.)
Co.
.
common
Car
3-10
4
3-15
10c
(initial)
Withington,
&
$5.50
3-
60c
Lines—"_
Southwestern Public Service,
Standard
Co.—
$1.0614
Carbon____r_r__
preferred A
Tank
2-19
1
3-15
3-24
75C*
(quar.)
Natural
Increased
87 (4c
25c
5%
1st
7%
2-20
t25c
Rice-Stix
7%-
3-15
5
$1.75
$1.25
15c
Rheem Manufacturing Co.,
4(4%
1
3-12
(initial)
Tobacco
J.)
2-10
Oil Coi of California—
$3.75
Union
% ■ 3-10
3-12
31'Ac
_
Railway Co., common (quar.)
5% non-cum. preferred (quar.)_—,——
5% non-cum. preferred (quar.)
5% non-cum. preferred (quar.)—
Southwestern Electric Service Co.
(quar.)__
2-14
(increased)
Brothers
&
preferred
3.6%
9-16
3-1
75c"
Union
'
2-13
'
1
25c
Southern
1
(quar.)
..
8
k
3-10
20c
(quar.)
California
preferred
$1.12(4
5V4%. preferred (quar.)—__
Reynolds
2-
Bag
preferred
Southern
1
15c
Revere Copper & Brass, common
Reymer
2-28
2
4%
-
87'4c
.g.
15c
Republic Investors Fund,
6% preferred A (quar.)
6% preferred B (quar.)
7-
9-30
12 %C
4
California Edison—
Southern
$1.18%
preferred
Republic
3-10
3-11
—
(quar.)_
Republic Insurance Co. of Texas
3-23
25c"
3-12 *"
Rubber
&
35c
—_—__
Greyhound
preferred
4.88%
4-
(quar.)
3(4% conv. preferred (quar.)
Remington Rand, Inc. com. (cash dividend)-.
Gas
9
3-
$1.60 non-cum. pfd. (quar.)
Reliance Mfg." Co.
(111.) coin,
Natural
2-
1
50c
50c
12(4c
(quar.)
Republic
2-27
3-
3-
(quar.)__.
preferred
dividend
3-31
$40c
non-cum.
2-20
8 ;
<irreg.) •_—ji__-
&
40c
(quar.)
preferred A
Advance
4V2 %
Southern
1
.
non-cum.
Stock
Bend
2-16'
2-16
4-
(interim)—
$1.60
5
4-
50c
Carbide
2-13
$15
(quar.)u_____
Co. (quar.)
Lathe Works (quar.)—.
3-15
25c
(quar.)
3-
25c
62 % c
Asbestos
1
30c
com.
Pulp
3-15
1-16
._
$1.60
$4.50
Corp.,
convertible
$1.25
Soundview
2-27
(quar.)
preferred
non-cum.
75C
2-10
30c*:
30c
Oil Co.
Southwestern Life
Ltd. com.
3-10*'
(quar.)—__
Corp.
Union
1
4.
45c
Co.
Iron
&
-
Rayonier, Inc., $2 preferred (quar.)
Reading Co., 4% non-cum. 1st pfd. (quar.)_
Reading Tube Corp., class A (quar.)
Red Owl Stores, 4(4% preferred A (quar.).,
Real Silk Hosiery Mills com. (quar.)
7% preferred (quar.)
Regent Knitting Mills,
3-20
1
(quar.)—'_—______
Union
4- 14'-
Street
Co;
I
3-
97% C•
r
—
Steel
Socony-Vacuum
87(4c
(quar.)
2-25
50C
:
3-1
3-
•
3-
V
$1.50
& Sons Carpet Co.,
(A.)
3-15
(quar.)
pfd.
3-15
3-15
$1.50
City Gas & Electric com. (quar.)
preferred (quar.)
________—___
2-25
1——
America—
of
conv.
Corp.
$1.25
2-14
2-14
1
$1.50
30c
$25c
Quebec Power Co. (quar,)_.
Radio
Underwood
30c
»,;
2-27
25c
$2
(quar.)
Corp
I
10c'--
7;
______—'%
1
4-
'
:—
—
6-15
3-
3-15
1
3-
$75c,
1
3-
;_1
Co.
3-
$1.12'4
3-
$25c
(s-a)
Pyle National
3-15
3-15
50c
-
•
3-15
60c
Purity Bakeries Corp. (quar.)
Purity Flour Mills, Ltd., common
Co:_
Salle
South La
United
3.9%
Southern
$1.25
$1.75
25c
$1.25
$5
Pure
6-25
8
25c
Co.'' (increased)
Clutch
60c
(irreg.) _—
(quar.)
3%% preferred (quar.)_———
Society Brand Clothes
—>—
Public Service Electric & Gas—
preferred (quar.)—
7% preferred (quar.)—____—
Twin' Disc
75c
Sonotone
87(4c
_—
Coal
208
$$1.25
___j'
•
Sloss-Sheffield
__
(monthly)
(quar.):_
(quar.)
3-15
30c
City Seventh Unit, Inc.—
faccum.
1
-
:
Skilsaw, Inc.
(quar.)__—Sleight-(M.) Ink Co. (111.), common.^
Smith
of New Jersey—
(quar.)
1
(quar.)_^
preferred
3-
20c -
7
v
(H.) & Sons, Ltd. corn, (quar.)—
redeemable preferred (quar.)—
Preferred
Hempshire
New
9
United
(quar.)——
2-20
5%
(quar.)
of
Co.
A-.
-;
(quar.)
Simmons Co.
(irreg.)'_
—
Simplicity Pattern Co. (quar.)___—
Simpsons, Ltd., class A (interim) ______—
1
share
for
4-
25c
2-28 '.V
$i5c
preferred
1
share
each
Water
&
1
25o
—
Co.- (irreg.)
Publishing—
3-
■<
1/20 of a
(stock dividend)
Indiana
of
Oil
Quarterly
Troy & Greenbush RR. Association
3-15
$30C
Silverwood Western Dairies,
50c
2-20
3-15
62 '4c 7-
(quar.)
class A
3-
Common
1
50c-
(interim)
3-
—
'
B
3-
'
50c:
(quar.)-?.-
35c
$1.06(4
of Indiana—
Public Service Co.
3-
50c
133Ac
15c
56(4c
(quar.)
preferred
2-13
Class
1-17
1
!
Co._^__________
25c
—
Silverwood
3-
-
—
RR.
:
—
(quar.)
Extra
Ltd.,
1
4-
Toronto
Tudor
2-18*
1
9-15
Truax-Traer
Signal Royalties Co. class A
Dairies,
3-
3114c
(quar.)
Edison, 4V4%' preferred (quar.)
Elevators, Ltd. (increased)
'
Trinity Universal Insurance (Dallas)" (quar.)
2-13
1
2-14
3-20
3-
3-13
4-
Brewing
$6'
Oil & Gas Co;, class A
preferred
3-20
Chicago
Toledo
3-10
1
2-13
Tivoli
2-14
1
1
1
2-14
2-25
1
3-
3-
4
50c
5%
3-20
4-
2
3-
4-
3-15
3-
2
4-
(quar.)_.
Signode Steel Strapping Co., com. (quar.)___ •7-.7
4-2 f
4-
2-25
$1-
(quar.)—_—
pfd,
2-11
4-
Roller
Bearing—
Realty & Construction Co.—
Quarterly
—____;
Quarterly
Corp.
-
1
Colorado—
of
Co.
—-
4%
Co.,
of America—
class A (initial quar.)
3-
5
50c
(quar.)
Detroit Axle
$$1.75
2-11
(quar.)
preferred
(The)
Associated
5-
2-14
3-
7%
2-11
25c
__
—
Water
$20c
—
2-24
3-
1
25c
1-16
2-25
%
$1.25;
(quar.) —
3-
3-
'
com.
Worcester
&
Service
(quar.)
Shoe
;___
2-19"
4-
25c
(quar.)
3-10
35c
Tishman
4-
25c
.
9*
75c
Timlcen
1
Quarterly
Canada— J
of
Co.
Sherwin-Williams
$-1.75
50c
(initial)
pfd. A (quar.)
4(4%
Steel
Providence
Water
2-20
Simonds
(quar.)
Prentice-Hall, Inc.
Common
(quar.)
5% pfd.
Corp;
Williams
Sherwin
2-11*
(quar.)1——,
Corp.—
:7 7"V 7
Mfg.
1st pfd.
conv.
2-16
Valley
Shenango
2-11*
———;
Co.
Preferred
—
(quar.)
A
5
3-
$1.25
15c
62(4c
$1.37(4
_____—
Corp.
Co.
3-
2-16
'
(quar.)______—
class
1
50c
$1
15c
53 (4c
_
(accum.)1—
5(4% prior preferred (quar.),
_
Pittsburgh Youngstown & Ashtabula Ry.—
7% preferred (quar.)
_______
Pittston Company (quar.)
________——
Poor
3-
3-
(s-a)
,.—
Pittsburgh Screw & Bolt
Pittsburgh Steel Co., 5% pfd. A
Plymouth
3-31
Products
Oil
(quar.)__
Tilo Roofing Co.
25c
Corp.—!
Mfg.
3-
————
Materials
Shellmar
2-14
1
50c
3-
3-15
10c
1
3-
%j'
Pillsbury Mills, Inc., common (quar.)_
$4 preferred (quar.)
Pitney-Bowes, Inc. com. (quar.)_—
Plastics
Sheller
5
$75c
—
Phillips Petroleum Co. (quar.)——
Engravers & Electrotypers, Ltd.
pfd.
1
3-
75c
$75c
ti—
Photo
$5 conv.
3-
20c
91 (4c
$1
Philadelphia Suburban Water, common
$3;65
3-
1
3-31
25c
i—
:
-
4-1
4-
2-
3-
tmc
25c
preferred
Fair
3-31
$50c
(quar.)—
Co.
3-12
(interim)%____—
&
convertible
Fair—see
3-15
$3QC
—
Pen
A.)
3-12
I
2-28
com.
(stock dividend).
One
share of Dorset Fabrics for each share held
30c
Sheaffer
I
4-
—
—
,
4-
Inc.,
23c
(quar.)—..
A
3-12
;
•
Inc.,
common———.
preferred
(quar.)
4%
3-15
$1.12'/a
(quar.)———_
2-12
I
;___
Coal
15c
—
preferred
$4.50
1-30'
1
25c
1
Shawinigan Water St Power—
(Charles)
1
34-
Co.
Producing
15c
■
50c
3(4% preferred
—_
87(4c
Phelps Dodge Corp. (increased).
—•
$1
Philadelphia Co. 5% non-cum. pfd. (s-a)__
25c
$5* preferred
(quar.) __—'—
$1.25
$6 preferred (quar.)—.___
$1.50
Philadelphia Electric Co., common (quar.)__
30c
$1 preferred (quar.)—
—
,
25c
Philadelphia Suburban Transportation (quar.)
25c
Pfizer
Brewing
Co.* (quar.)
25c
(quar.)_
35c
Co
Pfeiffer'Brewing Co.
"
Textiles,
-
(Omaha) (initial)
(initial quar.)
—
3-
50c
2-12
3-
Inc. (quar.)
Service Corp. (quar.)___
Extra
1
1
Brothers,
Class B
33-
—
preferred (initial)
Security Title Insurance & Guaranty Co.(L. A.)
3-
Taylor Pearson & Carson, Ltd.—
*
5%
convertible preferred (quar.)
11c
2-16
t25c
_______
25c
4-19*
25c
2-14'
t50c
(quar.)
4 %
preferred ' (quar.)
Tampax,1 Inc.
(quar.)—__x
Investment
New
3-15
Ltd., common
3-
Security Bank Note new com.
3-22
15c
1-30'
"
■
j./;
;
(G.),
2-21*
$19c
(quar.).
4-15
1
1
40C
Co., Ltd., 4% partic. preference (quar.)
Secord (Laura) Candy Shops (quar.)
3-
5-
$31'/4C
International
75C
3-12
91 %C
—
(Del.)——?—
Canadian
Second
___'_
^i__
55c
(quar.)_
Oil! Co.
1
2-27
1
4-
85c
Co., common
preferred
5%
3-
tl'/aC
Inc.
Tamblyn
7-16
preferred
$3.40
1
t5c
Talon,
.
4-16
27'4 c
4-
$l'v
'
Holders
,
Payable of Rec.
(quaT.)________
Mines, "Ltd.
3-15
27'4 c
San Antonio
(quar.)_
Share
;
„<
40c
2-20
(increased)—_i_u_——
A
;
:
(quar.)
50c
Regis Paper Co. (quar.) ____.—s
4.40% 1st preferred series A (quar.)
Gold Mines, Ltd
Schwitzer-Cummins, 5'/2% pfd.
5%%' preferred A (quar.)
Co.
1
——
2-
3-
1
Joseph
&
Swift
3-10
:
—
4-
2-16
1
10c
$1.12'4
(quar.)___.:_—_■?!
Aeronautical
3-
; Name of Company"; ".
;
Payable of Rec.
25c
St.
3-15
4-
$2
$1.50
$1.12(4
$1.75
20c
25c
_,
Pfd.
4(4%
1
1
6-30
$1
$1.25
$1.37Va
(quar.)
Corp.
33-
Power Co.—-
&
4%%
3-26
$1.10
preferred (quar.)—!
;
Peoples Gas Light & Coke
Peoples Telephone Corp. com. (quar.)
Perfex
Saco-Lowell
(Jacob)
Ruppert
Sears
$5
Perkins Machine
2-14
4
92'/2c
(quar.)
(quar.)
Water
3-
68%c
50c
25c
(accum.—.—
com.
Pennsylvania Electric Co.—
3.70% preferred C (quar.)—I
4.40% preferred B (quar.)
Pennsylvania
2-27
15c
Wilcox
St
Peller Brewing,
Ri'an
20c
$20c
$35c50c
$0.2083
$26
(quar.)
(quar.)
Transportation
preferred
2-13
2-14
25c
$1.06(4-
—
(quar.)
Mfg. Co. Ltd. com.
7%
—
3-26
2-27
$2
—
3-24
50c'
(resumed).—
Mines
(quar.)
Extra
Parkersburg
50c
10c
(quar.)
Inc.
Name of Company
Payable of Rec.
3r .1
2-16
50c
41-10
3-25
(quar.)
$1.25;
4-
1
3-18
(quar..)
$1.25
7-
1
Utilities
convertible
6-17
Corp;—
preferred
(quar.).
;
15c
2-15
2-
5
Volume 167 >j Number 4675
THE
COMMERCIAL
&
■
FINANCIAL
CHRONICLE
(889)
v
■
.
Per
,
Name
of Company
Westinghouse
Weetiugnouse
3l/a%
Air
3.807*
Co._______
Corp.,
Erie
preferred
for
Machine
New
Co.
common
1
35c
3-
1
Willson
Products,
Company,
Wilson
&
$4.25
75c
commonissue
1)
5%
industries,
convertible
Mfg.
Woodward
&
Ordinary
1
2-24
40c
>
;
Lothrop,
25c
(Win.)
Jr.
Monthly
Co.
Extra
Yellow
♦Transfer
books
tPayable
resident
tax
a Less
2-16
pfd.
not
S.
157*;
30 7*
Income
General
307,504
Christian
514,886
be
Candidates
'
$13,293
$13,303
These
of
Electric,
totaled
2-
of
this
kwh.,
last
for
company
compared
as
the
with
week
ended
2,406,000
Feb.
kwh.
1-30
1-30
3-
1
2-10
3-
1
2-10
i
the
Southern
New
3-20
2-27
Operating
3-15
2-27
Uncollectible oper.
3-15
Earned
3-
1
2-20
4-
1
3-20
3-1
lUc
2-28
2-16
10c
2-28
4-20
37'/2c
7-31
7-20
2bc
3-15
3-
$1
3-15
$3,297,254
3,098,362
395,804
_
Net
3-15
3-
Net
2,587,185
322,455
income.
oper.
after
—V.
2-19
25c
(quar.)
$3,302,007
$3,983,791
rev._
Operating revenues
Operating expensesOperating taxes
2-14
4-30
$40,937,213
4,753
109,306
18
tax.
Corporation and
were
34,749,048
2,942,007
Investment News
of
50-ton
of
the
the
cost,
$387,614
$3,136,852
issue
325,153
' 2,255,501
equipment
box
be
to
consisting
cars.
used
be
to
provide
$14,240,000, of
of
1,000
50-ton
for
new
St.
Gross
ry.
&
Texas
Ry.—Earnings-
railway____
$398,951
$316,712
railway——
from
Net
Francisco
Loeb
Stuart
for
&
&
Co.
2'/as;
Co.,
First
Blyth
&
Boston
Co.,
132.388
54.643
income—
oper.
$307,772
$289,901
Estimated
hopper
from
Net
from
Net
ry.
101.210
55,275
16,013
8,539
3,504,840
3,779,791
3,866,483
1,022,773
575,443
1,306,107
317,038
100,544
Pericd—
513
4,033,317
railway.
•
income
oper.
167,
—V.
for
for
earnings L__„-—
and
cars
167,
; 367,343
,
The
;
for
The company has filed
$10,000,000
1st
Proceeds
expenditures and
with
mtge.
will
for
the .SEC
bonds,
be
used
purchase
a
registration statement
Bros.
of
C, to be sold at competitive
reimburse company's treasury for
facilities.—V.
new
167,
656.
p.
Uncollectible
1948
and
$335,250
$3,709,586
6,300
of
$334,750
$3,703,286
222,212
2,880,613
382,252
$46,043
$63,243
$440,421
$518,684,
31,874
44,084
279,023
300,576
Net
♦1947
1
——-
income
after
Federal income
$9,904,000
.-1,524,000
537.836
•
_
Earnings per- share (286,000 shares)_—_______
♦Preliminary.—V.
166,
2315.
p.
167,
1946
$16,573,000
_
tax—
V'yV;-
$5.33
(The)
mortgage
Period End. Dec. 31— '
$1.88
of
the
retire
and
issue,
all
$4,000,000
$3,800,000 of
outstanding
$200,000
The
will
Shaker
houses
apartment
land.—V.
be
Co.,
134,
has
leasehold
and
in
stores
a
4674.
income
connection
of
in
been
,
the
bonds
with
on
by
April
and
1
Operating
Operating
Sherneth
buildings.
which
neighborhood
includes
first
mortgage
record
and
the
have
Feb.
20-year
10,
same
income
payment
payable
in
1946.—V.
163,
p.
of
March
On Sept. 1, 1947, a payment of
1, .1947, one of 3%
making total paid
disbursed
as
bonds,
Smith
&
in
Net
Net
for
2»/2%
1
to
holders
2%'/*
last
on
was
the
167,
188,765,897
180,890,639
the
15,048,680
12,706,934
152,748,049
134.809,689
Previously,
1,291,748
20,440,305
23,386,269
income--..
Sons
1,219,271
962,693
685,471
12,789,654
company's line of products.—V.
i
South Penn Oil
r
165,
and
25,000
Feb.
on
shares
to
further
of
company's
9
of
of
stock,
record
construction
letter
a
notification
Co.—Subsidiary
equipment
for
making
Oil
Gulf
The
Corp.
made
offering
the
' !'
•;
Co.—Acquires 150,000 Shares of Gulf
v'
has
company
at
acquired- 150,000. shares
$69
a
by Gulf.
company
share.1*'
The
«*Y.V
,
of
shares
the
were
>•*♦..
capital
of
part
stock
the
of
Net
without
Feb.
16.
-The
company
and
said it
government
will
have
securities
remaining
which
carrying on present operations.*^.
End
South
The
50
to
cents
on
per
holders
and
a
directors
share
per
an
total
Porto, Rico
the
declared
common
share
on
Sugar
the
8%
of
$7.35
$1
per
were
share
in
and
the
preferred
12.
paid
On
on
the
be
than
more
$15,000,000
than
ample
in
in
p.~1998.
regular
quarterly
usual
stock,
dividend
quarterly
both
166,
will
be
Wholly
The
SEC
be
to
quarterly
Sons—Earnings—
Owned
Subsidiaries
A
dividend
in
holders of
to
of- 50
cents
dividend
of
$1
30, and the usual
April 1 to stock¬
distribution of 50" cenus
year.—V.
166,
2666.
p.
record
each
of
of
mads
$1
each
stock, no
March
15.
$2,836,201
adjustment—
per
*
income taxes——
stock
$5,080,477
1,037,074
This
1945
$4,357,362
.'
at
these issues in
1947,
Sept. 30 and Dec. 30,
011
$1.25
1947,
on
per- share
the
on
to
1
$3,010,610
1,514,694
1,514,694
-.7
'
$1.70
$1.14
Accident
Insurance
Co.—Rights
holders—Registration Statement Filed—
v
special
meeting of
authorizing
stockholders
be
to
held
purpose of
an
increase in
the
of
the
company
by 140,750 shares.
The
offered to stockholders under
"rights"
for
each
A
shares
registration
the
be
to
2'A
SEC
statement
satisfactory.
The offering to
group
its
of
the
of
bankers
written
amounted
to
to
the
the
general
:
headed
by
additional
offering of
.
premium
history,
covering
the
subject
for
stock,
one
new
market
with
sell
4%
stock
was
is
be
by
The
First
in
company
by
a
Boston
1946.
1947,
the
of
dividend
payable
April
$1
of
1
Standard
the
filed
Warehousing
April
be
1,
'
Canadian
-used
'
to
the
"
to
of'
the
for
its
Net
would
stock
being
and
on. Feb.
be
added
would
$1,875,000.—v.
.
Corp.
largest
a
stock,
quarterly
which
1947.—V.
of
$1
received
167, p.
474.
profit-:
Common
Earnings
♦After
—
shares- outstanding
per common share
charges and taxes.
$11,123,000
1
in
The
funds
merger
and
Texas
known
1
.
Ltd.,
the
J.
Texas
offered
for
in
new
M.
Co.
U.
as
Kentucky
1946
states
$7,995,000
17
asked
the
thet stated
used,
p.
SEC
value
together
bank
Gas
effort
$1.73
p.
*1524.
capital
PrltcharS,
The
latt?*
whic'a:
market.
stockholders
its
at
two
for
of
with
due in
notes
751.:•.;-r-'::*■■"(,:
Power
Commission
Transmission
a
18.—V.
the
right
of $10 »
price
shares
held.
167,
Rights
693.
p.
.
.
permission to issue ard
Texas
Electric's
comrata
compaqy funds, to redeexi
1948 and 1955, aggregating-
yy-y..y " y
y.
Texas
60
examiner
Gas
Corp.
Co.,
into
has -approved
Kentucky
Natural
plans
$1.20
fuel
in
Natural
to
of
merger
with
Texas
for
Gas Coriv
to be
Gas Transmission Corp.
The latter will apply to the
days for permission to build the proposed $60,000,000
Gas,
what he hopes
"The
318,742
266,000
•-
4'/a %
dollars
S.
offcial
shares
each
yvill expire Feb.
of Memphis Natural
Gas
within
FPC
266,000
tPreliminary.—V. 166,
of
Stock—
the
in
common
share
new
stock
to
be
167,
Federal
the
460,261
;
$635,000
635.
p.
one
operating
The following
company
statement by W. T.
Stevenson, Executive Vice-President ol' Texas Gas Transmission
11947
___T—
Corp.—Reg¬
Texas Gas Transmission Corp.—Merger Approved—
;
Corp.—Earnings—
sales
retire
163,
shares
new
additional
one
new.
4.
25
.
announced.
affiliate
of
The
McColl-Frontenac
900,000
basis
of
firm,
Canadian
outstanding 2'/a% serial
over
Calendar Years-—
to
1948.—V.
y
an
$4,500,000
to
03
March
registration statement with the
first mortgage bonds due 195S.
Baltimore.
The
bonds
will
be
a
&
will
;•
is
share
per
record
distributions
nationwide
The
Forgings
of
at
This
filed
expected
conditions
-.
underwritten
cents
,;yyy-v■ >y■■ y \yy-v.--.
&
10-year
Sons,
Erown
Proceeds
January,
on
of
.competitive*- bidding $5,000,000 of first mortgage bonds, due
in 1978, and $5,000,000 of
sinking fund debentures, due in 1973.
In
addition, the Texas Utilities Co. (parent) proposes to make a.
$1,500,000 cash contribution to the capital of the electric company.
share
$31,000,000, an increase of over 15%
company's annual report for 1947 in¬
dicated a statutory net income of over
$1,460,000 before adjustment
of prior years' income
taxes, or $4.15 per share on the outstanding
cpmmon stock.—V. 167, p. 475.
compared
as
17
bonds due
The company
the
will
new
shares
stock
30
Texas Electric Service Co.—$10,000,000
Sought—4
.
.
stockholders, will be
investment
net
and
March,
$700,000
converted
subscribe
Stock¬
9
capital
additional
basis
to
March
authorized
the
on
on
of
Co.—Buys McColl-Frontenac
subscribe
share
held.
Feb." 19
in
made
Feb,
on
Alex.
paid
pre¬
holders
issue, and, in addition, on Jan. 9, 194&
1947 paid extras of 25 cents each.—V. 163,
Refrigerating
par.
been
In
to
,
to
A
24,
McColl-Frontenac
1,514,694
$0.70
share-
dividend
a
Co.,
have
$2,029,891
outstanding
common
167, p. 292.
declared
Sept.
of
5%
y.;
company has exercised its rights to subscribe to
offered
by McColl-Frontenac Oil
President
175,425
2,152,046
2,069,867
$1,349,126
___
Standard
have
this
covering
on
par value,
addition ta
In
Corp.—Declares Larger Dividend—
on
first mortgage
Hemisphere)
1946
share,
per
Jan.
also was declared, payable May
167, p. 751.
-
and
9
Texas
Western
divi¬
payable
special
last
1,
'.y;:y-
offered
:
1947
cash
Dividend—
record
stock, payable March 24 to holders
the company made regular quarterly
Underwriter,
to
310.
p,
SEC
Pro-
addi¬
$100,
company
SEC
used
the
par).
Regular Dividend—
regular
share,
per
March
.
profit—
Earned
—V.
♦Net
last;
common
calendar year
of
pipeline system from Texas to Ohio.
Jan.* 2,
the
with
outstanding
special
a
1948.
27,
cn
V*
Squibb &
Common shares
The
Co.—Distributions—
the
stock
of record. March
extra
of
have
Feb.
share
per
Jan.
company
"Net
with
more
will
166,
the
underwriting,
Proceeds
program.—V.
income
War
recent
•
said it had been
considering for some time the possi¬
bility of investing in the oil industry a portion of its earned
surplus
in excess of working capital
requirement, which had been invested in
low interest-bearing United States government
securities.
cash
the
the
on
cents
40
2147.
p.
SEC—
with
Calif.—
($25
explains
it will
mean
the
for
significance
the future.
of
the
and
merger
of
ar;d
.
Memphis Natural Gas Co. and Kentucky Natural
Transmission Corp. is the first big step in our
natural gas from new Texas fields to beat futures
Gas
pipe enough
shortages
similar
this region this
to
winter.
the
one
that
has
caused
so
much
,
to.
extensions,
of
isters With SEC—
Service Co.—Files With
filed
common
stockholders
(E. R.)
53A%,
year
OiLCorp,—
The
of
17.—V.
directors
common
cents
22,694,681
19,944,896
made
65.
p,
'-''.p-v1' >. C : i.-.v'/'r
declared
stockholder^
extras
par
Terminal
U. S. and foreign
machinery
notification
preferred
Co.—Declares
declared
to
made
Tennessee
337,354'
15,577,543
1,022,850
(Including
Carpet
181,221,993
692.
p.
company
of
This subsidiary's expansion
program, to be completed by the end of
this'year, 'calls ;<for construction of 28 new buildings and additions to
its present Trenton and Philadelphia mills.
In addition, there will be
•~»v
March
14,961,375
charges-—
oper.
after
—V.
2899.
Plans Expansion-^-
modern
stock,
record
Cleve¬
CprPv.fi subsidiary, will spend $9,000,000 for plant
expansion and modernization to double production of smooth surface
floor coverings, according to Houlder
Hudgins, its President.
new
ferred
-1946
591,493
.,„Sloane-Blabon
Installation of
have
1
quarterly
189,357,390
6 Months Ended Dec. 31—
(Alexander)
Sunland,
installation
quarterly payments of 75 cents each
17,848,529
.
issue
months
Merger—,
on
17, the directors declared dividends
stock, no par value, and on the co.mmon
A
60,772
taxes
offered
interest
an
of
first
and
Co.—Declares Special
was
1,580,578
expenses
to
six
proposes
to
telephone properties and facilities
ar.i
expenditures made lor such purposes.
Issue
share
per
record
of
15,022,147
Southwestern Electric
1948.
March
on
declared
in
company
Cc\,
letter
a
cumulative
for
payable March 31
and
.
Corp.—To Make Interest Payment—
directors
permission
mature
The
Feb.
class
both
to
The
The
&
there were paid
The regular
1947—12 Mos.
for
would
2%.
of presently outstanding l'/a%
$1,500,000.
These
notes
mature
of
filed
9
directors
dividend
89,364
revenues
to.
par
March
17,937,893
rev._
SEC?
maturity
purchase
Paper
the
cents
stock,
share
The
Operating
mortgages,
store
new
development,
fashionable
placed
used
oper.
___
Placed
Newark, N. J.
financing will be
manager
and
p.
the
utilized
is
revenues
the
brokers
Tacony-Palmyra Bridge Co.—Increases Dividends—
381,786.
Co.—Earnings—
1947—Month—1946
than
.
Mutual Benefit Life Insurance Co. of
Of
Telephone
with
through
Issue Notes
SEC
Telephone
5'A%
for
;
Cleveland—$4,000,000 Loan
loan
Bell
of
directors
holders
per
four
»Southwestern
Uncollectible
Shaker Co.,
..
16,
quarterly
475.
p.
Operating
—A
,-_
changes
sold
a
Feb.
on
used
50
payable
$3,167,248
2,266,778
49,295
the
that
notes
the
improvements
Swift
The
6,600
39,241
income
oper.
after
—V.
Ye'ars—
Calendar
Sales'
Net
be
Feb.
On
Net
Sangamo Electric Co.—Earnings—
notification
be
344,000 shares of
$10, payable March 15 to holders of record Feb. 27.
Like amounts were paid each
quarter during 1947, and, in addition,
extras of 25 cents each were
paid on Sept. 15 and Dec. 15, 1947.—
V. 166, p. 1823.
V.
; i--' "y r_
$3,173,848
500
asked
amount
at
treasury
underwritten,
not
Co.—Earnings—
$343,169
257,885
Operating revenues
Operating expensesOperating taxes
of
to
par),
more
meet
the
Sutherland
1947—12 Mos.—1946
550
rev.
17
not
reimburse
is
1947
$343,719
oper.
letter
a
($1
of
shares
will
& Hutzler,
and Kuhn,
2'As,
to
in
company
8,000
ceeds
were:
cover¬
series
to
Operating revenues
-
a
tions
•
—Jan. 1 to Feb. 7—
Telephone
filed
Feb.
at
stockholders
cemmon
1947—Month—1946
3
Sunland-Tujunga
$5,877,301 $32,261,721 $30,832,325
Associated
$1.13
1
Files With SEC—
-
Southwestern
$1,731,5D4
$1.07
special meeting to be held on March 17 will
joint agreement of merger between this corporation and
Foster & Wood Canning Co. (a California
corporation).—V. 167, p. 2S3^
751.
p.
1945
$1,702,221
$2.23
unsecured
2'As.
1947
1946
$3,509,643
Stokely-Van Camp, Inc.—To Vote
The
3,000
bids
notes
amounts
dend
•
$5,686,233
as
Vice-Prerideni
(& Subs.)—Earnings—
Edison Corp.—To
on
new
proceeds
consider
1,573,825
322,755.
-'Vyy;''''"V
474.
p.
Diego Gas & Electric Co.—Registers With SEC—
bidding.
Salomon
99.14
99.52
is
692.
p.
the new
notes
and the
banks
that will acquire
are
as
follows:
The National City
Bank, New York, $600,003;
Exchange Bank & Trust Co., $575,000; and Chemical Bank &
Trust Co.i $575,000.—V. 166,
p. 1096.
not
exceeding
standard-gauge
Other
—Week End. Feb. 7—
Period End. Dec. 31—
ing
Corp.,
Inc.,
1948
Gross
railway
♦Deficit.—V.
San
99.20699.
Boshell
Mr.
name
Boshell
will
Robert
O'Hara,
them
Gross Earnings—
From Jan. 1—
Gross
of
to
Mr.
167,
are
stockholders
Corn
to
bid
a
Inc., 99.1699 for 2VaS;
The
and
on
stockholders
1.
On
from
Net
Halsey,
99.023
Louis-San
the
interest
April
'
awarded
was
Feb.
interest
..
issue
The
the
1947
of 'common
corporation
carry
use
3.339,188
will
ag¬
company.
represent
Exchange.—V. 166, p. 2564.
of
$4 232,860
432,921
estimated
prompt,
the
to
Common
■
elected,
Board.
Corp.—V.
.
on
Curb
and
awarded
Proceeds
if
the
of
.
$1,750,000
certificates
railroad
(Continued from page 12)
>
company
York
The
29,437,267
3,614,398
$10,680,000 2Vs% serial equipment
series
NN
maturing $534,000 semi¬
annually from Sept. 15, 1948 to March 15, 1958, inclusive.
The certificates, issued under the
Philadelphia plan,
were
immediately re-offered, subject to ICC authoriza¬
tion, at prices to yield from 1.30% to 2.50%, according
to maturity. Associated in the
offering are E. H. Rollins
& Sons, Inc. and Blair &
Co., Inc.
75 7*
by
preferred
share
common
21,700 shares
The
trust
pledged,
Service
Staten Island
$40,827,907 $37,284,525
475.
p.
Ex¬
Com¬
48,146
Southern Ry.—Equip. Trusts Offered—Harriman
Rip¬
ley & Co., Inc., Lehman Brothers and associates on Feb.
1
77*.
are
Chairman
Webster
166, p. 1828.
New
$37,332,671
$489,605
charges.—
167,
the
Standard-Thomson Corp.—Files With SEC—
for
1
this dividend.
and
per
The
1947—12 Mos.—1946
$4,039,275
55,484
■___
and
stockholders'
by
assure
act
candidates
Cocliran.
:
2-14
-
37V2C
'
—V.
2-27
25c
40c
revenues
the
cumulative
Kent
charges and taxes—
England Telephone Co.—Earnings—
1947—Month—1946
$4
and
Years Ended Dec. 31—
Net profit after
cor¬
year, an increase of 7.2 7*.
tnis company lor the week
Period End. Dec. 31—
50c
$1.12>/2
nominees
Stone- &
1948,
14,
for
to
program
a
with
management's
Standard Steel Spring Co.
output of
ended Feb.
7, 1948
2,565,000 kwh. as compared with 2,375,000 kwh. for the cor¬
responding week last year, an increase of 8.07*—V.
167, p. 656.
output
2,580,000
week
Electric
2
8
the
Johnson
Southern Colorado Power
Co.—Weekly Output—
responding
3-30
for
A.
President
2-14
upon
compliance
the
by the following candidates: Thomas A.
William M. Flook and George E. Allen.
Levy,
$52,480
2-18
factions
of
represented
J.
♦$2,248
.
3-
8
,
for
income
527,318
♦Dei'icit,- -V. 167, p. 552.
2-14
tax.
Jamaica
$1,402,183
543,755
Securities
annual
postponed
prior preference stockholders,
recently announced, three directors were
listed—J. Patrick Lanan, William J. Frelich and Edward O. Boshell.
$1,502,422
77,0)9
the
toward
slate
new
129,856
128,578
of
efforts"
the
$348,826
2-2a
5
incurrence
176,250
60,524
the
the
but
the utilities system.]
»
In dissenting,
Commissioner McConnaughey said the stockholders*
meeting should not be permitted at this time without "some indication,
1948—4 Mos.—1947
135,081
for
1947,
3,
of
In
708,715
265,255
proxies
Dec.
to
$369,607
,
.
(quar.)
tax
1948—Month—1947
solicit
for
Solicit Proxies—
from
three-to-one
a
gressive
1
Funds, less 157* Canadian non-residents' tax.
funds, tax deductible at the source.
Non¬
resident
4,821,044
11,615,932
3-21
50c
tquar.i
closed
886,527
deprec., a,nd divs._
Surplus
2-28
Canadian
British
Less
x
U.
In
4-15
1
50c
(quar.)_
Young (L. A.) Spring & Wire Corp.
Youngstown Sheet & Tube
Youngstcwn Steel Door Co
tPayable In
Int.,
3-
________—
conv.
597,056
14,004,910
10,442,329
■Taxes" X—
2-15
3-
(quai.,)___
preierrea
9,280,969
2-3
$1.12y2
preferred
_•
Co.;<.6%
convertible
1,234,120
maint.__
and
3-15
25c
—
Cab
67*
1,036,064
Canada Power Co., Ltd.—Earnings-
Operating
..
9
a20%
^monthly)
Co.
148,513,265
14,888,731
129,930,029
244,981
to
set
Co.—To
permission
March 11,
1948..
decision, with acting Chairman Robert K. McCondissenting, the Commission declared: "We have been influenced
in allowing Standard Gas to hold
its annual meeting in the
hope that prompt compliance with Section 11 will result."
ISection 21
of the
Holding Company Act calls for integration and simplificatioa
of
Southern
Period End. Jan. 31—
Gross
earnings.-;.-;
a357*
____
(R.)
Co
Wyandotte Worsted
12,168,660
Electric
obtained
naughey
totaled
(quar.)
Wurlitzer
13,908,138
originally
mission
292.
p.
1
3-
$1.75
"
preferred
338,208
&
has
Commission
meeting
155,550,901
income___.
charges-A—
2-27
2-28
,
i50c
;
convertible prior
585,661
172,682,965
,1,424,865
2-
3-15
31140
——.—
prior
2-16
:
l^a.—
—
167,
4-30
$1.12'/2
(quar.)
after
—V.
3-
90a-
(quar.)
'
1
3-
$1.50
—
Common
4'/a7,:
Wrigley
Net
oper.
3-1
25c
Co.,
W.)
4-
25c
(qtiar.)
pfd.
52,806
13,647,761
Gas
company
change
155,889,109
72,408
_
•
3-17
3- 1
$1.50
.
____
77*
173,268,626
2-16
\ 3-10
$1.06'A
!
common
Co.
1
1
20c
,____
Wooiworth (F..W.) Co. (quar.)_„„—
Extra
____i_-—
Worthington Pump & Machinery Corp.—
4Va 7*
3-
4-
-3-1
2oc
——
(final)
Bonus
3-
$1
Inc.,
Governor
(P.
••*■_—-
preferred (quar.)
Ltd. <auar.)
Co.,
Woodward
Wooiworth
1
30c
_
Woods
Net
5-
t
(quar.)——
Wilson Line, Inc., common
(s-a)
Wisconsin Electric Power, common
6%
preferred (quar.)
3.60 '/e
preferred (quar.)
Wisconsin Power & Light Co.—
Woodaii
13,700,567
The
$
16,369,067
rev._
___
2 20
$1.37V2
(increased),.
(quar.)i_
$
,In
' 2-10
.
4-1
50c
on
common——
preferred
oper.
1947—12 Mos.—1946
$
16,441,475
___
Operating revenues
Operating expenses
Operating, taxes
being
preferred
4V2 %
revenues
Standard
Telegraph Co.—Earnings
$
Uncollectible
2-16
&
1947—Month—1946
2-20
1
uvifioo.)—
Mfg.
Inc
Telephone
r
Operating
2-10
3-10
Co._
Lace
2-10
3-
(initial)-—
Paper
2-10
3-
.
50c
May
(quar.)_.
Works
1
3-1
95c
(this
redemption
Whitman (Win.;
Wilkes-Baire
Ry,,
Bell
Period End. Dec. 31—
2-16
(quar.)____ $$1.12%
_
conv.
3-
87'/2C
(quar.)
Instrument
Wheeling & Lake
Whltaken
3-15
25c
common..-^.
preferred B
Electric
Whitin
Southern
Payable of Rec.
50c
(quar.)
(Geo.), Ltd., 4'/a% pfd,
Westvaco Chlorine Froducts____
called
Holders
'
Weston
5Va %
When
Share
Brake
Electric
preferred A
Weston
.
.49
»
'
hardship
.
50-
THE COMMERCIAL
(890)
1947
approving the consolidation of these three companies, the FPC
recognized the logic of setting up a single natural gas operating
company capable of taking bold action to combat this region's short¬
ages of gas fuel.
■
"By
days
60
within
-
ment
Federal Power
a natural gas
expects to apply, to, the
for permission to build
Transmission
Gas
"Texas
Commission
of
winter
by
sources
in
"The
31,
only
not
and Ken¬
Ky., and to areas
winter has caused
City,
enough
such
an
undertake
resources and with a large enough market to
expensive construction program."—V. 165, p. 114.
vote
April
This
would
will
3-for-l.
stock
20
preferred stock at the 105 call price, leaving
value.
\
,
V"
per share has been declared on the common
stock, payable March 1 to holders of record Feb, 20.
Payments last
year were as follows:
April 26 and July 26, 50 cents each; Get. 31,
$1; and Dec. 20, $1.50.
•
The usual quarterly dividend of $1.75 per share on the 7% preferred
dividend
A
t
of
In
.
•
April. 18, last year, and
share was made on the
'
'■
Committee—Chairman Dies
the
Coal Co., of Kansas
member of the finance/
1
■
'•
Crowe
and
director
a
of
Chairman
director
the
board
of
Inter-State
The
on
Petroleum
The
its
agreement
an
acquire
to
a
Devonian.
stock
of
ment
the
that
states
Amended— :
interests
of Justice for its
consideration.—V.
West Penit Electric
167, p. 752.
Co.—Weekly Output—
Jan.
on
to be
the Laiance
with
t
,
Usad for new
Co.—Financing Approved by
Power
30
Public
findings and opinion in connection
financing,
A digCot' of • the findings
•'
"
.
"
..'
■
-
its
issued
proposed
'•
■
Wisconsin
stock of Devonian
purchase of the
River
company's
;
■
Corp.
Service
.
(subsidiary
of
Power
Standard
&.,r
and Standard Gas & Electric Co.) and Wisconsin Power
(subsidiary of Middle West .Corp. and North West Utilities
Co.') filed a joint application and declaration with: the SEC requesting*/
approval of a proposal to acquire., capital stock ot a newly iormed
Coiporation,
Wisconsin River Power Co., and the River Co, fi.cd a:
supplemental statement thereto tor the purpose, of. requesting all
requisite1 authorizations, approvals or consents olv the SEC in lespect
Corp,
& Light
statement filed
registration
SEC
the
Light
161, p. 2154.
Corp.—Registration
;
the
1948
follows:
with the SEC -.
of Natural Gasoline Corp. ;•
Oil Co. had been eliminated.:
reached with Gulf Oil Corp. under which Gulf
25% interest and; Warren a 75% interest in the ■
This contract has been submitted to the Depart¬
to
amendment
corporation
the
and
Robert F. Bingham.—V.
by the death of
outstanding 4Va% preferred.,
week announced that beginning
last
Exchange
Curb
Wisconsin
board of .the National' City o,
director, filling the: vacancy
C'eveland,
.
the SEC—
Swasey Co.—New Director—
Williams, Chairman of the
has been elected a
B.
of the presently
V.(
York
$2,750,000 of notes to banks
construction.—-V. 167, p. 752.
Na-
of
Pitcairn, Chairman of the board, died- at his home in
Feb. 16, at the age of 66.—V. 167, ,p. 752.
Bruce
of
expects
Co.
•' /•>•. ''
transactions;
related
certain
to
general program for the financing of
Co.; which was Incorporated in Wisconsin, April 12,
xviVer
Company was organized pursuant to a contract" dated Jan. 9, 1947,
among Consolidated Wa;er Power & Paper Co., Wisconsin Public Serv-t
ice, and Wisconsin Power and Light, for the purpose of acquiring two
clam sites, then owned by Consolidated, looateci on the Wisconsin Riverin Juneau and Adams Counties in Wisconsin, and for developing such
sites for the production of electric energy by means of hydroelectric /
The
proposals
part
are
of
a
River
,
American
Feb.
Works
Water
totaled
1948,
14,
the
electric properties, of this company (previously '
&
Electric
Co., Inc.)
for- the week ended;;
output of the
Power
.
of
(subsidiary
company
per
.
also
is
Mo.,
an
the
in
Cities Service Co.) has received SEC
clearance for bank borrowing amounting to $6,200,000.
The company
will sell 2 Vb %
notes, maturing Dec. 31, 1950, to the Chase National
Bank, New York, Toledo Trust Co., National City Bank, Cleveland,
Commerce
National Bank,
Toledo, and Ohio Citizen's Trust Co.—
V.
166, "p. 2565.
"
'
"
■
.
The
on
$1
of
President of
elected
been
a
Warren
$6,200,000—
Borrow
Co.—To
Edison
Toledo
.
has
Bank,
caused
payable March 15 to holders of
was also declared,
1.-—V. 164, p. 2194.
March
.
,
made
were
1948,
16,
par)
($100
4'/2%
preferred stock, par value $100 would bo .
quolecf "ex" an offer; to holders, of record at' the close of business
cn Feb.
16, 1948 to subscribe to an aggregate of 30,000 shares'of netf
4 8/10%
preferred stock, par value $100, at $100 (ilat) per share.
\
Althougn no fixed subscription ratio has been establisned, if more .
than 30,000 shares are subscribed for by stockholders, allotments will
be made among
the subscribers, first in proportion to their record.,
stock
holdings, .except- that at' least two shares will be allotcd on
eaoh subscription; and thereafter in proportion to the uniil.ed poruons
of the respective subscriptions.*1;' : V;'V
: v.'
The subscription privilege will expire at 5 p.m. , (CST) on March 1,
1948, in Madison, Wis..
' V'
J' Proceeds
of
both
issues
will to be applied to the prepayment of
declared a dividend of. $1 per
stock, payable on April 22; 1948,
the close of business on March
dividend
V"'.
New
Feb," 19,
at
Finance
Shank,
Capen
Shank
Bank
cents
75
$100,
stock,, par
record
Member of
Lewis
on
increase
$273,300 par
outstanding
distributions
Feb.
at
stock.
and
record
stock
preferred
4.80%
Tne
to sell at competitive
series B, due 1978.
plan to sell 30,000 shares
at $100 per'share to holders of
Commission
with
of 7%
of $125,000
next,
1948,.
common
.
Warner &
increasing the authorized
the outstanding common
stock from 151,982 shares to 455,946 shares.
The directors on
Feb. 12 authorized the retirement on March 15,
stockholders
The
of
'
,
determined
board
of
additional
an
Norman
Stock—Partial
Redemption of Preferred Shares—Dividends Declared—
common
*
preferred
stock.
Clayton,
Split Common
Co.—To
Shovel
Thew
V
-
Stauffer Publications, Inc., Hotel President
Co., and Inter-State Cattle Loan & Oil Co., and a trustee of St. Luke's
Hospital, all of Kansas City, Mo.
consolidation, Texas Gas Transmission is a company
under the
ever,
with
26
Mo.,
Mr.
How¬
about $60,000,000.
*
committee.
tional
"Construction of the new pipeline would cost
shareholders
Similar
1948.
New
exceptional hardship.
.
the
the
on
on
April 22,
outstanding
the
on
Dec.
on
present Memphis
the
serve
meeting,
share
payable
William
will
line
1948.
The
authority to the company
$3,000,000 of first mortgage bonds,
also approved company's
bidding
record
common
Texas.
new
systems, but will also carry gas to Louisville,
further east where the shortage of natural gas this
tucky
April 1,
on
SEC has given
The
the
that the full dividend
stock had also been earned and
payment of $4.50 per share on the preferred stock to pre¬
shareholders of record at the close of business on March 31,
same
per
common
the Kentucky system this
of natural gas from new
shortages that has hampered
.introducing a continuous flow
gas
to
a gas supply directly from Texas, in addition
by the full capacity of our present Memphis
system.
look forward to the prospect of meeting the problem of
also
"We
1948,
share
Co.
Ga.s
severe
ferred
supplied
fuel
the
interest on
that the
declared
board
incortie bonds, series A, and the general mortgage"
series B, had been earned and authorized pay¬
thereof in full
4.50
the
and
authorizd
residents
city's
the
to
Natural
considered
At the
S.
pipeline from Texas to a point near Middletown, Ohio.
This line,
larger in diameter than the Big Inch line, will connect with the present
Memphis and Kentucky pipe systems to pump into existing lines a
continuous flow of gas for heating, cooking and manufacturing.
"The line will run directly into the city of1 Memphis, thus bringing.'
to
were,
general mortgage 4%
4/4 %
income bonds,
has
23,1948
Mojiday, February
CHRONICLE
FINANCIAL
&
output
kwh.,*
102,814,000
kwh.
94,180,000
of
for
the
an
increase
corresponding
plants to be constructed, owned and operated by River Co.,
.energy to oe sold to tne three contracting corporations;
of 9.16% over
week of 1947.—
all of such
%
•
.
of owning proper¬
167, p. 752.
ties already conveyed to
it by Consolidated, acquiring additional real
estate and flowage rights necessary for the construction and operation
West Penh Power Co.—New Issues—
of dams and hydroelectric plants at such sites and making other prepa-,
rations vfor such developments.
Tucker Corp., Chicago—Plans to Show "Pilot" Models
h
'
•!-.-/
V
The SEC has scheduled a hearing for Feb; 26 on company's proposed
The companies estimate tliat the total capital requirements of River
bond and preferred
stock financing.
The financing plan involves a*,
This Spring—Deliveries Scheduled for Later in Year—
proposed
sale of competitive bidding of $12,000,000 in
new
first;.; Co., including working capital, will be approximately $13,500,000 ofcThis corporation, which is now producing 25 "pilot cars" for intro¬
which -approximately $4,560,000 will be represented by common stock;
mortgage bonds, series M, and 50,000 shares of preferred stock, series ,.,
ductory showing this Spring" has spent $5,651,208 between June, 1946,
B
such stock to be acquired equally by Public Service, Power St Light
($100 par)-.
Proceeds from the sale of the secruities would retire;;
and December,
1947, in getting ready to produce its new automobile,
and
Consolidated.
The balance of approximately $8,940,000
will be
a
$4,000,0G0 bank loan and provide funds for construction.
Also v;
according; to its first annual report, issued on Jan. 29.
involved in the hearing will be a proposed sale by the company of y
provided by the sale of-30-year first'mortgage bonds- of River Co.,
The report shows the corporation at the end of 1947 had current
'of which The Northwestern Mutual Life Insurance Co. has agreed to
$2,500,000 in common stock to its parent, West Penn Electric Co.—
assets of $12,577,718 (including over $12,000,000 in cash) and current
purchase at par $8,500,000 bearing an annual interest rate of 27/R7«
liabilities of $2,683,846.
■■
■'
J.".'..-..
'/ >'' ■?■■■ ?; V. 167, P. 752.
and maturing Aug.
1, 1977.
The proposed stock purchase agreement
Financing of the company was done through the .sale of dealer
and the proposed power purchase contract will be pledged under the
franchises and a public stock offering. The net amount received from
Western Natural Gas Co.—Bankers Acquire Debenf—.
mortgage, and the indenture trustee will be entitled to enforce the
the
sale
of franchises to 1,394 dealers and 75 distributors totaled
White, Weld & Co. and associates are reported to have purchased r ' obligations thereunder.
\
$7,397,415. A total of $14,829,191 was received from the sale of 3,490,from the Equitable Life Assurance Society of the United States $850,000
:
The presently authorized capital stock of River Co.
is $5,000,000,
000 shares of $1
par value class A common stock.
This resulted in
10-year 4VaVe convertible debentures, due 1957.
It is understood the
total
consisting iof 50,000 shares of tommon stock (par $100). Consolidated
proceeds of $22,226,606 from franchise sales and the stock
bankers are converting
the debentures into stock at the conversion
has subscribed lor and received $1,560,000 of par value of such capi¬
offering.
: price of $10 per share.
The stock, It is said, will be publicly offered
tal stock, in consideration for conveyance to River Co, by Consolidated
Preston
T.
Tucker, President,
announced that arrangements are
at $15.50 per share.
:
/•
v..r
■" % Y
of the aforementioned dam
construction sites' and other real estate;
under way for introductory, showings of the car in key points of the
Recently the company was negotiating for the sale to an- insurance
necessary in connection with operation of such dams.
country this Spring.
First deliveries of production-line cars to the
company
of not exceeding $1,500,000 new 10-year 4 y2%- debentures v
public is scheduled for later in the year.—V. 166, p. 1726.
v."..
It
is
proposed
that the acquisition of common' stock by Public
convertible into stock at $22 per share,
Proceeds would be available * * Service and Power & Light will occur in steps as follows:
.
■JL-*
'
'■'* ' ^
>''' '
A,'"-'
for development, etc.—V. 167,;#; 89.
* |* vX '-'X
Union Electric Co. of St. Louis—To Issue Stock—^
.■
(1) Initially, Public Service and Power & Light each proposes to
The company has asked the SEC for authority to sell 100,000 addi¬
.;purcnaae nom River Co. for cash, at par, a minimum of*, 1,500 Shares
Wieboldt Stores, Inc., Chicago, 111 —To Sell, Then
tional shares of its common stock to'its parent, North American Co.,
of its common .stock, par value $150,000.
'; v;;' '
V <2j Thereafter, Public Service and Power and Light each proposes
at $50 per share.
Lease Back Its Six Stores—
V
Proceeds would be spent on the company's con¬
struction program.
to purchase worn-River Company for, cash, at
par,, such additional
It is proposed to sell to The Equitable Life Assurance Society of '
Union Electric also seeks SEC approval of a $2,500,000 reduction in
shares
of" its'.common stock, presently, estimated at, $1,350,000 par,
the United States immediately the company's four Chicago department
the
stated
capital
represented
by
its
outstanding common stock.
value, (but in no event less than, an aggregate par value of $1,500,000,
store
properties
(including land, buildings and building- equipment) "
It is proposed to credit this amount to capital surplus.—V. 167, p. 87.
eacn)
as may, together, with the consideration received for the shares
at a price approximately equal to the net depreciated value thereof,
.
of said company issued
to Consolidated, and the proceeds of bonds
and following completion of the improvements referred
to above to
proposed to be sold by River Company, be necessary to provide River
V.» United States Rubber Co.—Declares Dividends—/
sell the Oak Park and Evanston store properties to the same purchaser
Company with the funds -and property required to complete, and put
at prices
approximately equal to the net depreciated value of the
The directors on Feb. 11 declared a dividend of $1 per share on
into
operation, the. proposed hydroelectric developments, S^ca stock
existing properties at such locations,
plus the actual cost of con-*
the common stock, payable on March 10 to holders of record Feb. 23,
purchases are expected to extend over a period ending in or about,
struction
of the
new
buildings.
Immediately following the sale of
from earned surplus as of Dec. 31,
1947.
A total of $4 was declared
January 1950, by which time it is anticipated that ,the deveolpmenta
each store property, the company will lease such property back frofn
on
the common stock in 1947, of which $1 was paid on Jan. 5 of
uy jRxver ooiupaay win have been completed.
i*
the
purchaser under
a
long-term lease with an
original term of
this year.
•■ >
'' y.
"
As conditions to the sale of the
aioresaid $8,500,000 30-year first30' years and provision for six successive options on the part of the
The directors also declared two quarterly dividends of $2 per share
mortgage bonds, Public Service, Power & Light and Consolidated are
on
company to lease for additional terms of 10 years each, thus providing
the
8%
non-cumulative
first
preferred
stock, one payable
on
required by the terms of the "Bond Purchase Agreement";
for continuous possession for 90 years if the options are exercised.
March
10 to holders of record Feb. 23, and the other on June
10
(1) To enter into a "Stock Purchase Agreement"
with River Co.
The
V.
of River Co.
business
sole
at present consists
y
.
'
.,
,
,
_
.
•
1
•
•
•
holders
to
from
of
net
record
earnings
24,
May
of
the
These
1948.
payments
during
company
p. 476.
the
are
made
167,
be
to
1947.—V.
year
The
and
Inc.—Earnings—
Becker
6 Months Ended Dec. 31
1947
after
income
1946
1945
$6,786,272
407,591
taxes——.J——_____
for
Provision
charges..
175,395
1,677,450
dental
821,868
*
651,J73
$232,196
$1,026,277
$392,561
$0.16
$0.83
$0.23
be
Net
profit__
Earnings per common share________
"Includes
provision lor renegotiation of
additions
to
Park
Oak
contracts.—V. 167, p. 293.
will
due
in
short-term
a
the
and
$3,100,000
applied
on
*
thereto
mately
*529,307
>
The
has
company
first
of
filed
mortgage
proposal with the
a
bonds,
due
1978,
SEC for
and
the
sale
of
construction
Colorado
the
offerings
of
program
Power
Co.,
the
is
for
are
its
and
company
estimated
construction
new
at
company
covering
1978,
under
offered
Stone
bv
offered
at
of
$100
to
pay
lor. each
Debentures
Corp.,
with
statement
25
will
Boston.
of
shares
expenditures,
finance
to
registration
record
held.
underwritten
March
Proceeds
including
construction,—V.* 167,
be
Debentures
p.
to
are
15
will
$11,000,000
at
be
of
be
rate
used
bank
588.
Coal
Iron,
&
Taxes
.
and
Exploration,
30,543
L.
research
Miscellaneous
34,383
and
engineering
exp
Est.
prov.*
prov.
Net
-V.
29,846
124,073
97.000)
for Federal income taxes
for State income taxes
72,000
nrofit
$170,363
$96,662
Pay Interest
on
Income Bonds—Also
Atkinson,
held
on
President,
Feb.
19,
1948,
that at a meeting of the
the results of operation for the year
announces
necessary
(to¬
with the
total sufficient to pay alldebt service require¬
8% on the common
the contracting cor¬
proportion to the energy agreed to be takea,
from River Co. (one-third by each) and are to be directly
enforceable by the bond indenture trustee.
V
, .
.
The Wisconsin
P. S. Commission has authorized and approved the
each
by
into
entry
contract
by
moditication
Co.
the stock ' purchase agreement and the power:'purchasePublic Service and Power & Light, conditioned upon a
of the formula governing the periodic payments to River
purchased power called for by the power purchase contract in"
of dividends on its common stock, resulting In reducing the"maximum dividend of 87o to a maximum of 6%. The Wis^
for
respect
proposed
in
the
on
the
further speciiically disapproved the
Commission
company's
provisions indi-"
proposed
held
on
March 2,
1948.—V.
165;
p.
3217.
|
•
;
.
*"
,
Warner
Mr.
as
as
director
Trust
167,
is
Chairman
Chairman
Chairman
of
Co.
p.
the
of
of
of
"Chicago
Chicago
of
the board
N*val
'
of The Pure OiV Co.
Advisorv
Daily News"
and
a
trustee
'
and
of
He
and
has
Navy, as
U. S.
is
also:
a
Banjt &
University.-r-r
the City National
Northwestern
477.
Wisconsin
Power
and
Light
Co.—Bids for
Purchase
proposals for the purchase as a whole of
$3,000,000 first mortgage bonds, series B,
due Jan. 1, 1978.
All
proposals shall be presented to the company at the office of Middle
West Service Co., 20 North Wacker Drive, Chicago, prior to 11:30 a.m.
The
company
is.', inviting
(CST) on Feb. 25.
delivery
constitutes
should
of
be
made;
that, the
proposed
sale of bonds,,
power purchase contract in so far.
security, may appropriately be excepted?;
the proposed
the sale of a
competitive bidding requirements; that the proposed acquisi¬
stock by Consolidated, Public Service and8'
Light will serve the public interest by tending toward the
economical and efficient development of integrated public utility sys-'
the
tions of River Co.'s common
Fower
,
Committee.
the
it
from
director to fill: the
the Procurement Review Board,
the
:
x
a
by the death of James M. Hopkins. /
caused
findings
adverse
as
of Bonds—New Preferred Stock Offered—
Wabash RR.—To
directors
effect
Wilson & Co.r Inc.—New Director—
V,
3.000J
to River Co. sums in
porations are assumed in
the
Rawleigh Warner of Chicago has been elected
well
105,555
be
operating expenses, income charges and
River Co., and dividends not exceeding
of River Co.
Such obligations of each ox
of
stock
be
to be
vacancy
served
167, p. 88.
K.
ments
and
properties,
may
,
34,894-
28,869
Declares Preferred and Common Dividends—
A.
construction
Evanston
the
periodically
pay
of
.
102,184
-
9,455
expenses—
Depreciation and depletion—
Est.
to
$2,687,000.
such
and
as
issuable in accordance
>
v
$441,141
116,744
expenses;..
income)___
interest.
Bond
the
capital
bends
balance sheet of all the steps
eating that the agreements shall not be impaired by any regulatory
transaction will be that (a) the greater
or
judicial decree.
The- Wisconsin Commission has also ruled that
part of the company's investment in
real estate will be liquidated;River
Co.
is not a utility under
the applicable Wisconsin statutes*(b)
the
company's
outstanding mortgage will be retired in
full;
V and by virtue thereof, that. Commission has-hot passed upon the(c)
the
company's
investment in fixtures and
equipment! will be
proposed- issues, of .securities:by River Co., ,..
'.V„,-,v'y,
increased by approximately $2,687,000 and (d) the companv's working
The record,also, indicates that,.requisite license: and approvals have;,
capital will be increased by approximately $2,200,000; which* will bebeen obtained from the Fedeial ;Power
Commission, and applicants-,,,
reflected partly in an increase in inventories
(estimated et : $650,0001 *:
declarants state that.except for, the order of this Commission, no other .
and in an increase in accounts receivable* (estimated* :at $200,000)' as?'
authorizations are required, s
7 % ,X ( »«•'/, % v *. ••
required by the increase in sales area at the Oak Park and: Evanston
v
In conclusion,;, we find that the propqsed.issue and sale of eommon),
stores.
'.V'. ; % >y
/--.v\;y- stock and bonds- by River, Co., antbthe;-execution and delivery ol the;.
The proposed sale of properties will be submitted to: a vote of the
proposed power purchase contract by- Consolidated, Public Service and>
shareholders at
a
special meeting which has been called for that
Power
and
Light, meet the requirements of the Act,, and that no;
net
taken
1946
$614,430
.'
administrative
(except
amounting to approxi¬
capital, to
be borrowed
costs of the
new
Evanston store, the
and
1947
income
General
and
equity
to complete the proposed developments in
the event that the completed costs exceed present estimates; and
'
(2)
To enter into a
"Power Purchase Contract" with River Co.,
effective so long as such bonds are outstanding, in which they agree
Co.- -Earnings—
Coke
Calendar Years—
•Total
will
be
purpose
Virginia
Park
The
the
refunding mortgage bonds due
debentures due 1963.
Bonds to be
stockholders
common
construction
issued
notes
to
par
a
and
bidding.
Securities
of debentures
for
filed
first
convertible
competitive
Webster
&
17
Feb.
on
$10,000,000
$11,753,800
and
store
Park
of
proceeds of
indenture)
the
of
terms
and, if erected, the Evanston parking
purchase of fixtures and equipment for such
of such fixtures and equipment is currently esti¬
of
completion
Oak
the
to
Virginia Electric & Power Co.—Registers With SEC—
The
payment
amounts
the
with
gether
other funds to
of construction
with
same
additional
such
company's working
the
the
tor
consin
1950—V.
167, p. 588.
SEC
the
approximately
therefrom
Western
through
cost
of
The'
purposes.
subsidiary,
$23,000,000
000 of; common
the sale to Equitable
entire net proceeds
applied so far as required to pay off such funds
as
may have been borrowed
on
a.short-term basis to aid in such
construction and purchase of fixtures and equipment, and the remain¬
der of such proceeds will be added to the company's working capital.
sinking
debentures, due 1973.
Offering price, interest rates and under¬
writing terms will be supplied by amendment after, competitive bidding.
of
The
Upon
$3,000,-
of
$3,000,000
to
together
they make binding subscriptions in total equal to the $4,560,stock now estimated to be necessary and agree to payin property or cash, and agree to subscribe and pay lor
in which
structure
the
at
added
to
Oak
parking
and
mated
fund
Proceeds
the
remaining net proceeds,
be
basis,
structure,
Utah Power & Light Co.—To Market Two Bond Issues
000
on
expenses,
taxes,
stamp
course,
buildings.
war
payment of
expense,
estimated in the aggregate at $150,000) will be applied
to the retirement at par of the company's outstanding first mortgage
(which amounted to
$2,370,227 at Jan. 15, 1948)
and expense inci¬
$9,567,210
-
88168^;^-,^^---^----.--:^-.^^^'. $6,991,314
Net
be realized
to
(after
pany's behalf,
(Including Domestic Subsidiaries)
Net
proceeds
stores
recording
expense
United Wallpaper,
•
sale of the company's four
including legal fees, title
printing, mailing
and other
incident to this solicitation of proxies, and the fee of A. G.
& Co, for services in negotiating with Equitable on the com¬
net
Chicago
:
and
that no adverse .findings in respect of the proposed transactions
indicated; and that it. is not necessary or appropriate in the public
or
for. the protection of
investors or consumers- to impose-'
terms or ^conditions in respect thereof other than the routine condi¬
tions provided by Rule U-24 under the Act and to the further condi¬
tion that the stock purchase agreement and the power purchase con-,
tiact be
amended to conform to the requirements of the Wisconsin-
terns;
are
interest
Public
Service
Yolande
Commission.—V.
—V.
sales
166,
______
p.
p.
693.
Corp.—Net Sales Increased 24%-
Calendar Years—
Net
167,
1298.
1947
$3,541,125
1946.
$2,854,220
(891)
;
/;^t 1 « ^
»► v;^ \ km -t:i•,.-*
,»r-f p?•
^"X'
,
BOND
ALABAMA
■1'
be
Tenders Wanted—H; G. Ziegler,
City
Controller,
it 1 receive
w
sealed tenders until 10
March 8 of 3%
on
(CST)
a.m.
tunnel revenue
such bonds.
«
,
Mobile
.
County (P.
Mobile J,
O.
A.a.
Bond Sale—The
$4,500,000 road
bridge bonds offered at pub¬
on Feb.
19—v. 167, p.
590—were awarded as 3s, at par,
to a syndicate composed of Mer^auction
chants
National
Bank, First Na¬
Bank,
both
of
Mobile,
Stranahan, Harris &. Co., inc., of
Toledo, Watkins, - Morrow' & Co;,
Leach, all of Birmingham; Tnornton, Mohr & Co., of Montgomery;
Provident Savings Bank & Trust
Co., Seasongood & Mayer, both of
Cincinnati; Stubbs, Smith & Lombardo, First National Bank, both
of
Birmingham; Cumberland Se¬
curities Corp;; of Nashville; Weil,
Roth ; &
Irving Co.,1 of Cincin¬
nati; Shropshire & Co., of Mo¬
bile;'Newman, Brown & Co., of
New Orleans; Juran & Moody, of
St. Paul; Breed & Harrison, of
Cincinnati; American National
Bank, of Mobile; Marx & Co., of
Birmingham; Weil & Arnold, of
New Orleans; Gaines, Brodnax &
Co., of Birmingham; Bush Securi¬
ties Co., of Mobile, and the Pritchard National Bank, of Pritchard.
Only one bid was submitted at
of
$105,000
.
000
of
to be paid.
No bids for
purchase of the bonds at a
price less than the par value
interest
the
with all
thereof
thereon
interest
accrued
the
at
of
date
will be considered.
delivery
The successful
bidder will be required to furnish
and
for the printing of the
Delivery of the bonds to
pay
bonds.
be made at Phoenix.
The
success¬
ful bidder shall be furnished with
certified
of the transcript
of the
proceedings so that the
same may be passed upon by the
attorney for such bidder. Enclose
a
a
copy
check
certified
amount
total
the County
bonds
the
of
for
bid,
5%
Treasurer.
which .were
scheduled for award
March 8.)
Maricopa County School Districts
(P. O. Phoenix), Ariz.
Bond Offering—J. E. De Souza,
Clerk
Board
of
receive
will
of
Supervisors,
bids until 2
sealed
March
1 for the pur¬
$168,000 not to exceed
4% interest, coupon bonds as fol¬
on
p.m.
of
chase
"■
lows:
$84,000
■
■
Gila; Bend
District
bonds.
•'
High ^School
Due
on
Jan.
to
V;
1
to
1967 inclusive.
as
84,000
School
bonds.
Due
Jan.
to 1957; $10.maturing $5,000
No.
1,
as
24
fol
$5,000 from 1949 to 1956,
and $4,000 from 1957 to 1967
inclusive.
Dated Jan. 1, 1948.
Denomina¬
tion $1,000.
The purchaser will
based, and
submit the
to
interest rate upon
is
which the bid
select the place
These are the bonds
may
of payment.
authorized at the election held
on
-
Special School District,
Arkansas
Offering—J.
Secretary, of
will
10
otter
a.m.
of
sue
Rumsey,
School Board,
the
at
W.
public
auction
at
(CST) on March 2 an is¬
$900,000 not to exceed 3 %
interest
coupon
school
bonds.
Dated Jan. 1, 1948. Due Jan.
1, as
follows:, $45,000 v in 1953 to 1955,
$50,000 in. 1956 to 1958, $52,000 in
1959,
$60,000 in
1961, $63,000 in
1963, $65,000 in
1965, and $61,000
100,000
School
bonds, at
a
a
District
price
follows: $5,000 as
as
No.
33
of 100.0105,
net interest cost of
3.1347%,
l%s, ma-
turing Jan. 1, 1949; $10,000 as
maturing $5,000 from
1950 to
1951; $10,000 as 2s,
maturing $5,000 in 1952 and
1953; $5,000 2V4S, maturing in
1954; $15,000 2y2s, maturing
$5,000 from 1955 to 1957; $10,-
V-'.T%s,
2%s,
The
bonds
The
will
be
not
sold
for
than par and accrued interest.
bonds will be secured pri¬
pledge of
a
mills
on
after
the dollar
until
They
will
the
continu¬
a
subject to
secured
of
derived
the
by
the
a
State
from
sales
tax,
prior pledge, and by
on
all the District's
a
a
mortgage
property, subject to a prior
mortgage.
The : purchaser .j will
have the privilege of converting
real
of
District
will
total 4% from the date of said
pay
more
the
to
July 1, 1950.
Dated Jan. 1, 1948. Interest pay¬
able J-J. The next highest bidder
,v.
Kenneth A. Ellis &
Co., Kirby
Paine, Web¬
ber, Jackson & Curtis, jointly, for
the $105,000 Buckeye High School
District /, bonds,
for
$21,000
2s,
$21,000 2y4s; $14,000 2V2s; $21,000
2%s, and $21,000 3s. (In addition
to said coupons, the entire issue to
bear interest to total 4%, from the
date of issue to Jan. 1, 1951), at
par.
The next highest bidder for
the $100,000 School District No.
L. Vidrine & Co., and
bonds
was
Kenneth A. Ellis
&
Co., and Associates, for $25,000 as
2V2s; $20,000 as 2%s, and $55,000
as
3s.
(In addition to said cou¬
pons, the entire issue will bear
interest to total 4% from the date
of issue to Jan. 1,
1952), at par.
sold into
as
an
issue
bonds bearing a lower rate of
interest upon such terms that the
issue
33
be
part
other than
sources
the bond issue
tion to the above coupons the
bonds will
bear
interest
to
was
annually there¬
are
paid.
bonds
also
pledge of that
apportionment
to
1968, all inclusive. In addi¬
bonds.
Arkansas
—
no
same
interest
receive
than
for
as
rate
no
less
bonds will
and
of
of the conversion
approved by
are
District
will
furnish
the
printed bonds and the unqualified
approving opinion of Rose, Dobyns, Meek & House, of Little
Rock; and will pay the charges of
the
trustee
for
certifying the
bonds, and the paying agent. The
purchaser may name the paying
agent
and
trustee.
A
certified
check
interest.
that
bid
bidder
the
accrued
Each
interest
must
offers
to
state
Each bid must be for
interest.
of
the
par
date
separately
single rate
for two or
a
bid
Any
rates of interest will be
more
jected.
The
proceedings
for
re¬
the
issuance of the bonds will be sub¬
mitted for approval to O'Melveny
& Myers, of Los Angeles, and the
opinion of said attorneys will be
Jan.
16, A certified check for 3%
of the par value of the bonds bid
for, payable to the County Treas¬
urer, is required.
167,
v.
p. 694—were purchased by
Bank
of
National
America
the
Trust
& Savings Association, of
Francisco, as 3V4S, at a price
of
100.128, a basis of 2.235%.
Dated Jan. 15, 1948. Due serially
on Jan. 15, from 1950 to 1968 incl.
Principal and interest (J-J) pay¬
San
able ,,at
County" Treasurer's
highest bidder
the
office.. The
was
the
next
California
Angeles,
for
3y2s,
Bank,
and
Los
314s,
at
(State of)
Clayton,
Dated
April 1,
1941.
The
Guaranty Trust Co., New York,
Halsey, Stuart & Co., Chicago;
Co.,
-
Commerce
Bank
&
St.
Louis, - or at the
office of the State
Treasurer, at
the holder's option.
of
2.225%.
Dated
serially
1949
to
San
Bond
Diego), Calif.
$208,000
Sale—The
struction bonds offered
—v.
by
on
con¬
Feb. 16
Kansas
price of 100.077,
a
net interest cost of 2.829%, as
follows: $168,000 as 2%s, maturing
on March 15, $11,000 from 1949 to
1956; $10,000 from 1957 to 1964,
and $40,000 as 3s, maturing $10,City, at
a
March
on
from
15,
1949 to
1963
inclusive.
and
interest
(M-S)
the
County
Principal
payable at
Treasurer's office. The next high¬
est
&
bidder
Dempsey-Tegeler
was
Co!, for $138,000
as
23/4s, and
$70,000 3s, at 100.375.
on
March
March
1, 1948.
1, from
1968
inclusive. Principal
(M-S) payable at the
City Treasurer's office. The next
highest bidder was the Northern
Co.,
Chicago,
California
Bank, Los Angeles, and Heller,
Bruce & Co., jointly for
234s, at
Linden
County (P. O. Monticello),
Alhambra School District, Los
Offering—Roy L. SanderCounty Judge, will receive
bids
until
10
a.m.
(CST)
on
March 5 for the purchase of
$300,000
hospital
bonds.
Dated
March 1, 1948.
Due on Sept. 1 as
follows: $6,000 from 1948 to
1951;
Angeles County (P. O.
Los Angeles), Calif.
Bonds Voted
held
on
Feb.
At
—
10
the
an
County (P. O.
Stockton), Calif.
Bond Election Postponed—The
vote
to
bonds,
$50,000
scheduled
on
con¬
for
Marysville, Calif.
Bond
Offering
—
O.
Chester
receive
(PST)
on
Feb. 26 for the purchase of
$260,000 not to exceed 5% interest
sewer coupon or registered bonds.
Due $13,000 on April 1, from 1949
Gates,
sealed
City
bids
Clerk,
until
11
will
a.m.
to
1968 inclusive. Rate of interest
to
be
in
Bidders
multiples of Y<t of 1%.
be permitted to bid
will
different
rates
of
interest
and
split rates irrespective of the
to
ma¬
voters
bonds.
Principal
and
interest
(F-A) payable at the City Treas¬
urer's office. The purchaser must
pay accrued interest from the date
of
election
ap¬
proved the issuance of $1,500,000
construction
the
Bank
9—v.
by
purchased
American
of
build¬
Feb.
on
694—were
p.
National
Trust
& Savings Association,
Francisco,
at
a
price
100.028, a net interest cost
of
of
San
of
about
2.615%, as follows: $121,000
2%s, maturing on March 1,
$6,000 from 1949 to 1953; $7,000
from 1954 to 1966, and $14,000 as
maturing
3s,
March
on
in 1967 and 1968.
1,. $7,000
Dated March 1,
1948.
Principal and interest (Mpayable at the County Treas¬
S)
office.
urer's
bidder
The
next
highest
Co., for
5s, and $117,000 as 2%s,
Weeden
was
$18,000
as
&
100.057.
at
COLORADO
Craig, Colo.
Pending—At
Election
Bond
election
of
to
be
will
voters
in
held
consider
$30,000
airport
an
April the
the
issuance
improvement
bonds.
Littleton,
Bonds
000
Colo.1
Sold—An issue of
bonds
sewer
$1'50,-
was' purchased
recently by a syndicate composed
of Bosworth, Sullivan & Co., and
Coughlin & Co., Peters, Writer
& Christensen, all of Denver, and
the
Littleton
Littleton.
National
Dated
Bank,
1, 1948,
Feb.
of
CONNECTICUT
Bridgeport, Conn.
Bond Offering—Adolph D'Aulisa,
City
Comptroller,
will
receive
sealed bids until noon (EST) on
Feb. 26 for the purchase of $200,not
000
to
the
livery.
bonds
to
the
date
of
de¬
cost of printing the
bonds will be paid by the City.
The legal opinion of Neff, Brown
&
Bidders
terest.
exceed
2%
interest
to
name
one
Registerable
as
of
rate
Principal and interest
only.
in¬
to principal
pay¬
the City Treasurer's of¬
These bonds will be payable
to both principal and interest
able
at
fice.
as
from ad valorem taxes which may
be levied without limit as to rate
or
amount
except
as
to
certain
classes of property, such as classi¬
fied
forest
limited
be
that
lands,
The
rate.
furnished
the
from
Tax
there
taxable at a
purchaser will
with
a
certificate
Assessor
are
certifying
such classes of
no
property within the city,
on
the
Grand List of 1946.
No bid will be
accepted, for
than
ery.
School District,
Union
San Joaquin
turities,
101.561.
Bond
167,
offered
less
par
and
accrued interest to date of deliv¬
Feb. 6, was postponed until Mar. 5.
■
bonds
March 1, 1948.
Denomina¬
$1,000.
Interest M-S.
Due
March 1, as follows:
$24,000 in
1950, and $22,000 in 1951 to 1958.
167, p. 694—were purchased
the Commerce Trust Co., of
election
and interest
Trust
ing
Sale—Tne $135,000
Mesa-Spring Valley School Dis¬ tion
trict, San Diego County (P. O.
struction
Alhambra, Calif.
Due
County (P. O.
Martinez), Calif.
Bond
Dated
La
payable to the
District, is required.
J. Vance
Contra Costa
series G coupon refunding bonds.
100.04.
for $10,000,
CALIFORNIA
bonds may be presented for pay¬
ment
at
the
following places:
sealed
at not
—
terest.
lin,
for cash only,
less than par and ac¬
tion.
The bonds will be subject to
redemption, prior to maturity, at
the option of the District, in in¬
verse numerical
order, at par and
accrued interest, on any interest000 from 1965 to 1968 inclusive.
paying date after Jan. 1, 1953. Dated March
15, 1948. Due serially
Bond Sale
The $450,000 park
Treasurer, announces that
the 3Y\% highway refunding bonds offered on Feb. 17—v. 167,
bonds, term series Nos. R5001 to p. 790—were purchased by WeeR6000, are called for. payment on den & Co., of San Francisco, as
April 1, at par and accrued in¬ 2Y4S, at a price of 100.205, a basis
Drew
sold
be
delivery and
substantially
the State Commissioner of Educa¬
The
Orinda Union School District,
1,
the premium if any, and the rate
of interest the bonds are to bear.
the bonds at the
designated
without
as
and
by the
bidder (not to exceed 3%) at the
price bid; provided, that the terms
State
Trust
Feb.
1948. De¬
nomination
$1,000.
Due
$4,000
from 1949 to 1963, and $6,000 from
1964 to 1968, all inclusive.
The
ARKANSAS
Bond Call
Dated
Antelope Elementary School Dis¬
each of the years 1948 to 195Q;
trict, Tehama County (P. O.
Red Bluff), Calif.
three and one-fourth mills on the
Bond Sale—The $38,000 build¬
dollar for each of the years 1951'
to 1958; and three and one-half ing bonds offered on Feb. 16—
maturing $5,000 in
1959, and $45,000 as
3s, maturing $5,000 from 1960
1958 and
to
1960, $62,000 in furnished to the
purchaser without
1962, $64,000 in
charge. All bids must be uncondi¬
1964, $66,000 in tional. These are the bonds au¬
in 1966 to 1968. thorized at the election held on
to total 4%, from the date of
"
11 a.m. (PST) on Feb.
purchase of $90,000 not
exceed
5%
interest
school
and
Bond
bidder
charge. A
certified check for $5,000 payable
to the City Treasurer, is required.
24 for the
state
Rock.
Fort Smith
cessful
bids until
Little
;V
July 1, 1950.
School District, Orange
County (P. O. Santa Ana), Calif.
Bond Offering — B. J. Smith,
County Clerk, will receive sealed
crued
;
said issue to
Alimitos
March 4,
1947. Approved as to
legality by Wallace Townsend, of
marily by
1963, all incl. In addi-
Arkansas
lows:
,
1955
requested
are
tion to the above coupons, the ing building fund tax of one and
entire issue will bear interest one-fourth mills on the dollar in
•j
J
District
on
ders
less
Mercantile
follows: $5,000 from 1949
1956, and $4,000 from 1957
1,
net interest
to .1958;
to
(These are
originally
on
High
at a
1952
1954 .and
1956
1960 to
the
of
payable
a
and 1953; $11,000
1955; $12,000 from
$13,000 from 1959
to 1961; $14,000 in 1962 and 1963;
$15,000 in 1964 and 1965; $16,000
from 1966 to 1968; $17,000 in 1969,
and $18,000 in 1970 and 1971. Bid¬
in
in 1958 and 1959, and $28,000
as
3s, maturing $7,000 from
,
V
'
interest
rate
bonds,
$10,000 in
;; V i
,
2i/2s, maturing $5,-
as
2% s,
as
000
building bonds.
Dated
Jan. 1, 1948. Denomination $1,000.
Interest J-J. Due July T, as fol¬
lows:
$17,000 in 1949,, $21,000 in
1950, $23,000 in 1951 to 1956, $25,000 in
1957 to
1965, $41,000 in
1966 and 1967, and $42,000 in 1968.
.
of
from
;000
•
>
:
Union
District
$15,000
O.
the
$205,000
2—v.
$5,000 in 1952 and 1953; $5,000
-as
2V4S, maturing in 1954;
r
chase of $525,000 not to exceed 4%
state
on
bids
3.1208%, as follows:
$5,000; as i y2s, maturing on
Jan.- 1, 1949; $10,000 as l%s,
maturing $5,000 in 1950 and
j-1951; $10,000 as 2s, maturing
-
must
Feb.
on
Buckeye
,
cost
pervisors, will receive sealed bids
until 2 p.m. (Mountain Standard
Time)" on March 15 for the pur¬
bids
all
-
The
S price of 100.10,
Bond
Offering—James E. DeSouza, Clerk of the Board of Su¬
'-All
v
:
follows:
as
School
.
Phoenix), Ariz.
.
..
(P.
8
■
—
offered
Tucson,
Maricopa County, Osborn School
No.
offered
time
167,
294—were purchased by a syn¬
dicate composed of Refsnes, Ely,
Beck & Co., Boettcher & Co., Bosworth, V Sullivan & Co., ; Peters,
Writer & Christensen, all of Den¬
ver, and Henry Dahlberg & Co.,
ARIZONA
District
r
Sale
Bond
Hendrix & Mayes, Sterne, Agee &
.>
bonds
Maricopa County School Districts
(P. O. Phoenix), Ariz.
tional
the sale.
for, 5%
p.
and
lic
check
which
rejected,
bonds
#
the
are
26,; at
were
purchase ox
tne
certified
bid, payable to the
Treasurer, .is : required;
County.
These
anticipation bonds. Dated April 1,
1943 and due May 1, 1969. ;A sum
of
$564,312 is availaole in the
sinking fund for
A
,
of the amount
Jan.
suc¬
PROPOSALS AND NEGOTIATIONS
required to furnish the printed
bonds.
Mobile, Ala
bonds, will be furnished the
'
■fiKV >'■•'.<
\
51
The
Herrington, of San Francisco,
approving
the
validity
of
the
Bids must be submitted for
bonds offered, and award
all the
will be made to the bidder whose
bid
for all
shall be
of the bonds
deemed
highest and best.
The
right is reserved to reject any or
all bids. Bonds will be ready for
delivery on or about March 9,
1948.
Payment to be made with
interest
accrued
date
to
livery."
of
de¬
;/ ■
Hartford Housing Authority, Conn.
Note Offering—Edward W. Gil-
receive
(EST) 011
Feb. 24 for the purchase of $143,Secretary,
ligan,
will
sealed bids until 1 p.m.
000
M-l
Due
Feb. 24, 1949. The validity of the
notes and of the guaranty will be
temporary
notes.
Dated
loan, series
25, 1948.
Feb.
by Caldwell,
approved
Marshall,
Trimble & Mitchell, of New York
of such opinion
will be furnished by the Author¬
City, and
ity
to
charge.
Bond
combe,
nounces
a
copy
the
purchaser
without
Newtown, Conn.
—
W. W.
Offering
First
that
a
Hol-
Selectman, an¬
Special Committee
sealed
Bridgeport-City Trust
will receive
Town
the
of
bids at the
Co., Bridgeport, until
on
Feb. 25 for the
3 p.m. (EST)
cipal amount if redeemed on
purchase of
S300,000 elementary school coupon
bonds. Dated March 1, 1948. De¬
nomination $1,000.
Jan.-
to
Drexel &
Kid¬
Fenn
Blair & Co., Inc.: Union
Corporation; Salomon
& Hutzler; Harris, Hall &
Co.;
Securities
Bros.
ILLINOIS
Co.;
Louisville,, and Blyth & Co., Chi¬
cago, at a price of 103, a net in¬
for 3% of the face value of the terest cost of hbout 2.9856%. This
warrants bid for, payable to the was the only bid for the bonds
Board
of Commissioners, is re¬ which are divided as follows: ; ' /
the
No conditional bids
A ceitified check
County.
will be received.
,Vr
quired.
Due $15,000 on
IOWA
r
they
in
'
be prepared for delivery
City or such other
can
the purchaser may ar¬
with the Bridgeport-City
Trust Co.
A certified check for
place
Cutler of Chicago.
&
York
New
$6,000 payable to the Town Treas¬
urer, is required."
,
.
Wethersfield
Housing
Authority,
(State of)
Illinois
as
range
The $85,000,000
recognition bonds
Feb. 17—v. 167, p. 695—
Sale
Bond
—
series B service
offered
awarded/to
were
ment houses headed
Trust
$25,000 series
M
notes
offered
Feb.
19 were
awarded to the Hartford-Connec¬
nationwide
and invest¬
by the Harris
Northern
Savings Bank,
Trust
Co., of Hartford, at 1%
interest, plus a premium of $62.50.
a
of .banks
syndicate
Conn.
Halsey,
Sale —The
Note
ticut Trust
The
Trust
The notes mature in one year.
Hartford
National
Bank
&
&
Co.,
Continental Illinois
National Bank & Trust Co., First
of
Bank
National
and
Chicago,
Stuart & Co. Inc., all of
Chicago. This group, the only bid¬
der at the sale, paid a price of
100.0375 for a combination of $30,-
l3/4s,
800,000
due
Co., Hartford, second high bidder,
named a rate of 1% and $7 pre¬
May 1 from 1950 to
mium.
$7,700,000 on
1953 inclusive,
and
$54,200,000 2s, due $7,700,000
1 from 1954 to 1959 in¬
clusive, and $8,000,000 on May 1,
1960. The bid was based on a net
interest
cost
to
the
State
of
on
Dade
„
County
(P.O.
Miami), Fla.
^
posed of B.*J. Van Ingen & Co.,
Inc., and A. C. Allyn & Co., both
of New York; Stranahan, Harris
Inc., of Toledo;
Stifel,
Nicolaus & Co., and Welsh, Davis
*,&
&
Co.,
Co., both of Chicago; Clyde C.
Pierce Corp.,
Jacksonville; Braun,
Co.,
Inc.-,
Toledo;
&
Co., Pittsburgh
and
J. Sims & Co., of New
3V2S, at a price of 95.30,
Bosworth
Thomas
Herbert
York,
a
as
&
basis of about 3.76%.
This was
the
only bid for the bonds which
are
divided
as
follows:
$1,400,000 serial bonds. Due on
July 1 from 1948 to 1967 in¬
1,600,000 term bonds.
1, 1972.
All of the bonds are
able
payment on May 1, 1949.
completed the disposal
initial
The
of
sale
the
$385,000,000 bonus bonds
by the voters at the
authorized
November, 1946, general election.
The initial instalment of $300,-
bonds was awarded in
April, 1947, to a syndicate headed
by the same group which pur¬
chased
the
current
offering,
the terms on the earlier occasion
being a price of 100.06 for $150,000,000
IV2S, due from 1949 to
1960
inclusive, and $150,000,000
l%s, maturing from 1961 to 1972
inclusive. The net interest cost to
the
last year's sale was
at
State
the
1.676%.
In
had
1958
which mature after
present instance,
option of sub¬
the
inclusive;
1949
bid
winning
bonds
whole
(the serial bonds and the term
bonds together but not separate¬
ly), on any date not earlier than
July 1, 1953, from any. moneys that
may be made available for such
purpose, at the principal amount
1960
to
Bonds
provided
mature
inclusive.
.
.
to
1950
X'''/?'/
Publicly Offered
syndicate
—
The
Octl
Bonds tips. 60 to 600,
are subject to re-/
in inverse numerical
order, on Oct. 1, 1952 and there¬
after at
varying premiums de¬
pending on the date of redemp¬
1947.
1,
both inclusive,
demption,
tion.
"
'
'''
'
• 1
1
LOUISIANA
Crotpley Sch. Dist«
Acadia Parish,
No.
(P. O. Crowley), La. ;
2
Offering—S.
Bond
School Board,
Treasurer of Parish
receive
will
'
Pollard,
D.
until
bids
sealed
(CST) on March 23 for
the purchase of $675,000 not to ex¬
ceed
4%, interest/school bonds.
10
a.m.
Dated
tion
April
1,
$1,000.
,
Iowa-Des
INDIANA
Received
Bids
No
—
No
not to exceed 4%%
works
bonds
interest water
on
Feb. 10
offered
p. 591.
The sale
continued until March 10.
—167,
Munster
KANSAS
School
will be
Town, Ind.
School
Sold—An
Bond
school
000
on
Feb.
bonds
by
10
a
Foster,:
of the Parish School,
Board.'.will receive sealed bids J
until 10
as
Hutchinson
M.
Offering—R.
Bond
President
bids
having been re¬
ceived for the purchase of $60,000
reported
White-Phillips
Co., and
Co., jointly.
Advance, Ind.
were
National
Moines
Trust
&
District, Kan.
issue
of $750,-
purchased
syndicate com¬
was
posed of Harriman Ripley & Co.,
Inc., Braun, Bosworth & Co., Inc.,
Blewer, Heitner & Glynn, of St.
the
for
a.m. (CST) on March ,151
purchase of $400,000 not!
4%
interest school!
Dated April 1, 1948. De-j
nomination $1,000. Interest A-O.l
exceed
to
bonds.
April 1, as follows: $15,000|
and 1950, $16,000 in 19511
Due
1949
in
and 1952,
$17,000 in .1953 and
1954J
$18,000 in 1955 and 1956, $19,000]
Burke & MacDonald and in 1957 and 1958, $20,000 in 1959,1
ing bonds offered on Feb. 14—v.
Lucas, Eisen & Waeckerle, both of
167, p. 696—were purchased by
$21,000 in 1960 and 1961, $22,0001
Kansas City, at a price of 100.0233,
Frank E. Hailstone & Co., of Cin¬
in 1962, $23,000 in 1963 and 1964/
a net interest cost of about 2.14%,
$24,000 in 1965, $25,000 in 1966
cinnati, as IV2S, at a price of
as follows:
$190,000 as l%s, ma¬
and
1967, and $26,000 in
1968.
100.52, a basis of 1.323%. Dated
turing $19,000 Feb. and Aug. 1
Jan. 1, 1948. Due serially 0n July
Principal and interest payable at
from 1949 to 1953; $190,000 as 2s
the office of the
School Board]
1 from 1949 to 1952 inclusive. In¬
maturing $19,000 Feb. and Aug. 1 Treasurer, or at any bank
terest
specif]
payable J-J.
The next
from 1954 to 1958, and $370,000
fied by the purchaser. The bondd
highest bidder was Kenneth S.
as 2V4S, maturing $19,000 Feb. and
are
payable from taxes to bej
Johnson & Co., for l3/4s, at 100.04.
Aug. 1 from 1959 to 1963; $20,000 levied without limitation as
tcj
Feb. and Aug. 1 from 1964 to 1967,
Vanderburg County (P. O.
rate or
amount on all taxable
Bond
Sale—The
$22,000
build¬
Louis,
Evansville), Ind.
re-offered
Warrant
Offering — Otto
H.
the $85,000,000 bonds as follows:
Meyer, County Auditor, will re¬
1 %s, due from 1950 to 1953 in¬
ceive sealed
bids until 10 a.m.
clusive, to yield from 1.10% to (CST) on Feb. 26 for the purchase
1.40%; 2s, due from 1954 to 1958 of $175,000 not to exceed 5% in¬
thereof and accrued interest, plus
inclusive, from 1.55% to 1.85%: terest County welfare tax antici¬
a
premium of 5% of such prin¬ 2s due in 1959 at par, and 2s due
pation warrants.
Dated Feb. 26,
cipal amount, if redeemed on or in 1960 at 99.50.
1948.
Denominations as the pur¬
prior to Jan. 1, 1956, 4% if re¬
chaser may request. Due June 30,
Underwriters
In addition to
deemed thereafter and on or prior
1948.
Rate of interest to be in
the Harris Trust & Savings Bank,
to Jan. 1, 1959, 3% if redeemed
multiples of Va of 1%. The war¬
Northern Trust Co., Continental
thereafter and on or prior to Jan.
Illinois
National Bank & Trust rants will be awarded to the high¬
1, 1962, 2% if redeemed there¬
est responsible
bidder who has
after and on or prior to Jan. 1, Co., First National Bank of Chi¬
duly qualified and who has sub¬
1965, 1% if redeemed thereafter cago, and-Halsey, Stuart & Co.
mitted a bid in accordance with
and on or prior to Jan. 1, 1967, Inc., the underwriting group in¬
cludes among others the follow¬ the sale. No bid for less than the
and without premium if redeemed
par value of the warrants, includ¬
thereafter. The term bonds may ing: The Chase National Bank;
Bankers
Trust
Company;
The ing accrued interest to date of de¬
foe redeemed prior to their maturNational City Bank of New York; livery at the rate named in the
ity, at the option of the Authority,
bid will be considered. Bids must
in whole or in part, when selected First National Bank, New York;
on
forms
approved by the
Bank of America, N. T. & S. A.; be
by lot, on any interest payment
Board of Commissioners provided
date not earlier than July 1, 1953, Guaranty Trust Co. of New York;
by the Auditor, without additions,
from moneys in the International Chemical Bank & Trust Company;
The
First
Boston
Corporation; alterations or erasures. The opin¬
Airport Interest and Sinking
ion of Ross, McCord, Ice & Miller,
Fund, at the principal amount Smith,. Barney & Co.; Blyth &
of Indianapolis, will be furnished
thereof and accrued interest, plus Co., Inc.; Harriman Ripley & Co.,
the purchaser at the expense of
a
premium of 2% of such prin¬ Incorporated; Lehman Brothers;
successful
—
•
the
for
from
'
»
:
to *1972 in¬
clusive, or from 1950 to 1960 in¬
clusive.
As
already noted,
the
maturities, at the option of Dade
County Port Authority, in
•'/ '■
All of the bonds, are dated
1948. Denomina¬
Interest A-O. Due
April 1, as follows:
$25,000 in
1949, $26,000 in 1950, $27,000 in
1951
and
1952, $28,000 in 1953,
Alex
Brown
&
Sons;
C. F.
1948.
Denomination $1,000.
Due $29,000 in 1954, ,$30,000 in 1955,
Childs and
Company, Incorpor¬
on
Nov. 1, as follows: $10,000 in $31,000 in 1956,'$32,000 in 1957,
ated; Eastman, Dillon & Co.; Hall1949, and $25,000 in 1950 and 1951. $33,000 in 1958, $34,000 in 1959,
garten & Co.; Hemphill, Noyes 81
Principal and interest payable at $35,000 in 1960, $36,000 in 1961,
Co.; Hornblower & Weeks; The
the City Treasurer's office.
Bids $37,000 in 1962,. $38,000?;in 1963,
Milwaukee Company; Otis & Co.:
should be made on the basis of $39,000 in 1964, $40,000 in 1965,
The Wisconsin Company; Adams,
not less than par and accrued in¬ $41,000 in 1966, $43,000 in 1967,
McEntee
&
Co.,
Incorporated;
terest
or
better, and all
other and $44,000 in 1968. Principal and
American
National
Bank
and
things being equal, awards will interest payable at the office of
Trust
Company,
of
Chicago;
be made upon the most favorable the Treasurer of the School Board
Bacon, Stevenson & Co.; Bacon
bid or bids specifying the lowest or at any bank specified by the
Whipple & Co.; California Bank,
The bonds will - be
interest rate.
The bonds will be purchaser.
Los Angeles; City National Bank
sold
to
the highest bidder for awarded to the bidder offering to
& Trust Co., Kansas City; Coffin
cash.
The City will furnish the pay p5r and accrued interest and
&
Burr,
Incorporated;
Julien
specifying rates which result in
Collins &
Company;
Commerce approving opinion of Chapman & the lowest net interest cost to the
Cutler, of Chicago, and all bids
Trust
Company;
Cruttenden &
after
the deduction of
must be so conditioned. A certi¬ district
Co.; Paul H. Davis & Co..
fied check for 3% of the principal premium. The bonds are payable
R. S. Dickson & Company, In¬
from al valorem taxes to be levied
amount of bonds bid for, is re¬
corporated; Francis I. du Pont &
without limitation as to rate or
quired. 7'..;/
Co.; Geo. B. Gibbons & Company,
amount on all taxable property in
Incorporated; Graham, Parsons &
Spencer Independent School
the district. A certified transcript
District, Io wa
; ."
Co.; Heller, Bruce & Co.; Kean,
and
the
approving opinion; of
Bond Sale—The $490,000 con¬
Taylor & Co.; Kebbon, McCorChapman 8c Cutler, of Chicago,
mick
&
Co.; Martin, Burns & struction bonds offered Feb. 17— will be furnished the successful
Corbett, Inc.; Roosevelt & Cross, v. 167, p. 791—were awarded at bidder without cost to- him. .En¬
Inc.; L. F.
Rothschild & Co.; public auction to John Nuveen & close a certified check for $13,500,
Schoellkopf, Hutton & Pomeroy, Co., and William Blair & Co., both payable to the Treasurer of the
Inc.; Stern Brothers & Co.; Trust of Chicago, jointly, as 21As, at a School Board.
Company
of Georgia;
Whiting, price of 102.312. Second high bid
Lincoln Parish, Rustcn Sch. Dist.
Weeks & Stubbs.
of 102.25 for 2V4s was made by
No. I (P. O. Ruston), La.
Bank
000,000
mitting offers on either one of the
following four maturity schedules:
dated July 1950 to 1963 inclusive, 1950 to
July 1, 1953 will be subject to re¬
demption prior to their respective
•
dated
are
and interest is pay¬
annually on May 1, with the
Due July
1, 1947.
bonds
bonds
The
March 1, 1948
bidders
clusive.
The
May
1.948%.
$3,000,000 In¬
bonds
offered Feb. 19—v. 167, p. 790—
were awarded to a syndicate com¬
Sale—The
Bond
ternational Airport revenue
Due on Oct. 1 from
ta 1972 -inclusive.
•1965
■
'
,
.
1949 to 1964 inclusive,
268,000 3V4S.
Carmi Township (P. O,
1949 to 1968 inclu¬
Audubon Independent School
tral -Republic Company, . (Incor¬
Carmi), (It.
invited to name
District, Iowa
porated); A. C. Allyn and Com¬
Bonds Not Voted—At an elec¬
the
rate
of interest which the
Bond Sale—An issue of $200,000
pany,
Incorporated; Mercantilebonds are to bear expressed in tion held on Jan. 30 the voters re¬
Commerce Bank & Trust Com¬ building bonds was purchased re¬
a
multiple of Va or 1/10 of 1%, jected the issuance of $25,000 road
cently by the Iowa Des-Mines
pany; John Nuveen & Co.; The
bonds.
and must state the price offered.
Illinois Company; Paine, Webber, National Bank & Trust Co., of Des
Bidders must name a single rate
and the White-Phillips
Cook County School District No. 28 Jackson & Cftrtis; Merrill Lynch, Moines,
of interest for all of the bonds.
Pierce, Fenner & Beane; R. W. Co., jointly, as 2s, at a price of
(P. O. Northbrook), III.
Bids must be on form which may
a
net
interest cost of
Bonds
Publicly Offered—Mc- Pressprich & Co.; Barr Brothers 101.35,
be obtained from the above named
& Co. Inc.
1.866%, maturing on Nov. 1, as
bank. Principal and interest (M- Dougal & Condon, of Chicago, is
1949; $9,000
Equitable Securities Corpora¬ follows: $6,000 in
offering for public subscription
S) payable at the Bridgeport-City
from 1950 to 1952; $10,000 from
an
issue of $225,000 3%
school tion; Estabrook & Co.; F. S. MoseTrust Co., or at the option of the
1953 to 1956; $11,000 in 1957; $10,site
and
building bonds. Dated ley & Co.; R. H. Moulton & Com¬
holders at the Guaranty Trust Co.,
pany; Lee Higginson Corporation; 000 in 1958; $11,000 in 1959 and
Jan. 1, 1948'. Denomination $1,000.
of New York.) The bonds will be
Braun, Bosworth & Co., Incorpor¬ 1960; $12,000 in 1961; $11,000 in
Due on Jan. 1, as follows: $8,000
prepared under the supervision of
1962; $12,000 from 1963 to 1966,
in 1950; $10,000 from 1951 to 1956; ated; First of Michigan Corpora¬
and authenticated by the Bridge¬
tion; The First National Bank of and $13,000 in 1967. Interest pay¬
$11,000 in 1957 and 1958; $12,000
port-City Trust Co. Ropes, Gray,
Portland, Oregon; American Trust able m-n.in
1959
and 1960; $13,000 from
Best, Coolidge & Rugg, of Boston,
Company, San Francisco; Seattle1961 to 1963; $14,000 from 1964 to
Dubuaue. Iowa
• *
will furnish an opinion to the efFirst National Bank; Stranahan,
Bond Offering—J. J. Shea* City
feet that the bonds will be valid, 1966, and $15,000 in 1967 and 1968,
Harris & Co., Incorporated; B. J.
all inclusive. Principal and inter¬
Clerk, will receive sealed and
legally issued and binding obliga¬
Van Ingen & Co. Inc.; Weeden &
oral bids until 2 p.m. (CST) on
tions of the Town.
The bonds est (J-J) payable at the First
National Bank, of Chicago. Ap¬ Co., Inc.; William Blair & Com¬ Feb. 23 for the purchase of $60,will
be
ready for delivery on
pany.
000 sewer bonds.
Dated Feb. 1,
March 10, or as soon thereafter as proved as to legality by Chapman
'
Due serially on Oct,
$332,000 3s.
1 from
Company, (Incorporated); A. G.
Becker & Co., Incorporated; Cen¬
>
Bidders are
sive.
•
&
thereafter.
redeemed
&
Forgan
Co.; G. J. Devine & Co., Inc.;
der, Peabody & Co.; Phelps,
with pre¬
and
1963,
1,
if
mium
March 1, from
:
Glore
or
prior to Jan. 1, 1958, 1% if re¬
deemed thereafter and on or prior
Monday, February 23; 1948
CHRONICLE
COMMERCIAL- & FINANCIAL
THE
(892)
52
and
Feb. 1, 1968. Dated property in the district;.,The?bonds]
1948.
Interest payable will be awarded to the bidder of¬
V• X
fering to pay, par and accrued in¬
$20,000
Feb.
F-A.
1,
;
.
and specifying rates whicl
/ in the lowest net interest!
cost to the district after tlie de-|
Bond Sale—The First National
duction of premium.
A certified
Bank of Chicago was awarded on
transcript and the approving opin-J
Feb. 19 an issue of $126,800 spe¬
ion of Chapman & Cutler, of, Chi¬
cial improvement bonds as 2s, at
cago, will be furnished the sucj
a price of 100.619, a basis of about
cessful
bidder without cost; t|
1.92%.
Dated March 1, 1948. Due
hirr. Enclose a certified "check fo|
March 1, as follows: $8,800 in 1949;
$8,000, nayable to the Treasure
$9,000 from 1950 to 1955 inclusive; of the School Board.
v.
and $8,000 from 1956 to 1963 in¬
Wyandotte
Kansas
County (P. O.
City), Kan.
/\Xx
terest
result
Interest M-S.
Legality
approved by Stinson, Mag.
Thomson, McEvers & Fizzell of
clusive.
to
MARYLAND
be
Kansas
Frederick), Md.'; ]
City.
Bond
KENTUCKY
(P. O. Printe
Calvert County
Sale—The $500,000
1948 bonds
of
|i
school
offered on Feb.
lj
purchase/!
Bond Sale—The, $600,000 water by the Mercantile Trust Co., (f|
works and sewer revenue bonds Baltimore,'and Kidder, Peabody' ||
offered Feb. 17—v. 167, p. 791— Co., of New York, jointly, at pa|
were
awarded to a group com¬ a net interest cost of 2.9824%, a]
Murray, Ky.
posed of J. J. B. Hilliard & Sons.
Stein
Bros.
& Boyce,
both of
—v.
167, p.
follows:
$30,000
..
'
!■
...
592—were
$120,000
from
,,
.
r
maturirj]
23/4s,
to
1949
.
- •
,
„
1952, and
:||
Volume 167
$380,000
Number 4675
THE COMMERCIAL
3s,
as
maturing $30,000
from
1953
to
1958, and $40,000
from ,1959 to .1963, all inclusive.
Dated
Jan.
i,
1948. Interest
'
able J-J.
genuineness
pay¬
y
The $35,000 water
bonds offered Feb. 18—v., 167, p.
696—were awarded to Widmann
&
—
chased
Co., of Cincinnati. Due serially
1.05%.
next
Due
Co.,
Note
Note Sale—An issue of
$300,000
chased
>Feb.
on
0.875%
est
11
the
was
at
The
Boston
Sale—The
tem¬
Feb.
on
17
was
4
Note
were
purchased
by Halsey,
Stuart & Co., at
1.30%, plus a
premium of $212.00. Dated Feb.
20, 1948. Due Oct. 15, 1948. The
&
;
Corp.,
at
18—v.
167,
tional
p.
West
Bank
of
Springfield,
ond
high bidder, named
0.8195%.
>.
Bond
loan
bonds
167,
v.
Sale—The
the
offered
sec¬
Stone
&
jointly,
Trust
17—
as
&
bids
will
1.
be
The
100,000 to the Merchants Nation¬
bonds
..Due
Oct.
29,
bidder
1948.
The
second
Bank, Boston, at 0.80%,
(plus $1.25).
New
Note
Sale—The $1,000,000 tem¬
loan notes offered on Feb.
167,
p.
696—were
pur¬
chased by the National Shawmut
Bank of Boston,
at 1.02% dis¬
count.
Dated Feb. 12, 1948. Due
$500,000 on Nov. 5 and Nov. 12,
was
next
highest
bidder
the Merchants National Bank,
Boston, at 1.07%.
■//•/
Plymouth County (P. O.
Plymouth), Mass.
•
Note
Offering—Avis
County'; Treasurer,
sealed
bids-until
for
24
1, 1948.
lage
to
maturity
Detroit Lakes,
tick,
City
Clerk,
sealed bids until
on
March
1
for
the
certificates
ness.
3,350 certificates of indebtedness.
Denomination $335.
Due $335
on Jan.
1, from 1950 to 1959
inclusive.
'
"
A.
will
Ewell,
receive
11
Bond Sale—An issue of
was
group
$360,000
awarded
composed
Feb.
of
The
of
Michigan Corp., of De¬
troit; Paine, Webber, Jackson •-&
Curtis,
d£
Chicago; McDonaldMoore & Co., and H. V.
Sattley &
Co., both of Detroit, as 2%s, at a
price of 100.02, a basis of about
2.23%.
De¬
Due $72,000 on
the
ineness and validity by said bank
under advice of Ropes,
Gray, Best,
oolidge & Rugg of Boston.
ofWatling, Lerchen&Co.; Miller,
Kenower
&
Co.,
and
Jones
B.
Shann & Co,
Troy, Avon,Blcomfield and Pontiac
Salem, Mass.
Townships, Fractional School
Note Offering—Arthur T. Bren-
District
No.
10, Mich,
i
and
$350,000 Aug.
in
are
inverse
maturities
within
numerical
with
the
order
bonds
Dated Jan. 1, 1948. The Council
the right to reject
any,
and all bids and award the bid
to a lower
bidder, or upon like
City Treasurer; will receive
n
bids
Feb.
until: 11
for
25
the
iscount of $100,000
n
anticipation of
948.
Dated'
omination
ach
a.m.
purchase
otes will be
and
Director,
calls
for
payment
on
March
1, at par and accrued in¬
notes issued
terest,
at
.25,
for
1948.
year
De-
$25,000;. Due $350,000
Nov. ,5
Call—M. C. Beach, School
at
revenue
Feb.
(EST)
Bond
Dec.
6»
authenticated
1948.
as
to
the
Detroit
Trust
Co.,
of
Detroit, $9,000 refunding bonds,
Nosi 8, 14, 19, 25, 28,
35, 39, 41
and 45. Dated March
March
1, 1938. Due
1, 1969. Interest
date called.
ceases
on
advised
$965,000
$880,000
street
the
issuance
bonds
bonds.
:y V y;y':;
-
NEW HAMPSHIRE
Berlin, N. H.
Note Sale—An issue of
temporary
chased
loan
Feb.
on
Shawmut
notes
3
Bank
of
the
was
at
highest
next
First
National
Bank, Boston, at 1.13%.
Nashua, N. Hamp.
' :
Sale—The $200,000 temp¬
on Feb.
Note
orary loan notes offered
17 were purchased
by the Nashua
0.88%
discount.
Dated
Feb.
17,
1948. Authenticated
be
se¬
1, 1958, and
interest payment date there¬
after at par plus accrued
interest,
a premium as to each bond
redeemed of lA of 1% for each
year
fraction
or
thereof
elapsing
between the redemption date and
the stated
maturity date of the
1948. Due Dec. 1,
as to genuine¬
by the First National Bank,
ness
of Boston,
under the advice of
Storey,
Thorndike,
Palmer
&
Dodge, of Boston. The next high¬
est
bidder
the
was
Bank, Boston,
at
First National
0.897%.
.y.y.-Vy.:.;
y.//;■.'■
able
Securities
&
Corp.;
Estabrook
.
—
—
the
First
Minneapolis,
100.005,
a
as
National
1.90s, at
Bank
light
a
Due serially
(J-J)
revenue
$90,000
bonds.
water
and
West Plains School District, Mo.
Dated
,
on
Jan. 1
from 1950 to 1958 inclusive. Prin¬
cipal and interest
of
price of
basis, of 1.899%.
Jan. 1,1948.
purchase
of
payable
pur¬
Boston,
0.99%, discount. The
bidder
$100,000
was
by the National
NEVADA
Reno, Nev.
Bond Sale—An issue of
$300,000
fire department
improvement
bonds was purchased on Feb. 11
by Halsey, Stuart & Co., as 2%s,
at a price of
100.30, a basis of
2.72%.
Dated
$15,000
on
1968
Jan.
Jan.
inclusive.
1, 1948.
1
from
"
to
Bond
be
Election—At
held
on
Feb.
an
24
will consider the issuance of
000 construction bonds.
to
Interest
payable
Approved, as to legality by
Chapman & Cutler, of Chicago.
J-J.
NEW JERSEY
Chatham
School District, N. J*
Offering — William M.
Hopping, District Clerk, will re¬
Bond
ceive
sealed
(EST)
chase
6%
on
bids,'until
of
March
4
$325,000
for
8
not
p.m.
the
to
pur¬
exceed i
interest coupon or registered
construction
and
equipment
1, 1948. De¬
nomination $1,000. Due $13,000 on
bonds.
Dated
March
March 1 from 1949 to 1973 inclu¬
sive. Principal and interest
(M-S)
payable at the Summit Trust Co.,
Summit. Bidder to
rate
of
interest,
multiple of
V&
name
a
single
expressed
or
l/20th
of
in
a
1%.
A
certified check for
$6,500, pay¬
able to order of the Board of Edu¬
cation, is required. Legality to be
,
election
the
Due
1949
.
by
as
bonds;
improvement
any
to
Phelps,
Co.;
& Co.;
Stone & Webster Securities
Corp.;
Paine, Webber, Jackson & Curtis,
notice, invite other bids. Interest and R. W. Pressprich &
Co., all
payable J-J.
of New York; Harris, Hall &
Co.,
Chicago; Graham, Parsons & Co.,
Martin County (P. O.
New York; M. A. Saunders &
Co.,
Fairmont), Minn.
Memphis; Field, Richards & Co.,
Bond Offering
Harold ChrisCleveland; H. V. Sattley & Co.,
tianson, County Auditor, will re¬
Detroit; Bacon, Stevenson & Co.,
ceive sealed bids until 10
a.m.
and W. H. Morton & Co., both of
(CST) on March 10 for the pur¬ New
York; J. M. Dain & Co.,
chase
of
$50,000
county
ditch
Minneapolis; George K, Baum &
bonds. V •'
/ '• ;'
Co.,
Kansas
City;
McDonaldMoore & Co., Detroit; McDougal
.Mora, Minn.
& Condon, of Chicago; Bankers
Certificate Sale
An issue of
Bond Co., Douisvillp; Weil & Co.,
$100,000 electric revenue certifi¬
Howard.
Labouisse,* Friedcates was sold recently to the Alli¬ and
richs & Co., both of New Or¬
son-Williams Co., of
Minneapolis,
leans; J.
G. Hickman Co.,
of
and
the Kanabec
County State
Vicksburg, and T. W. Woodward
Bank of Mora,,
jointly, as 2V2s.
Co., of Jackson.
Redwood County Indep. Sch. Dist.
MISSOURI
No. 1 (P. O. Redwood
Falls),
[■' "■ Minn.
West Plains, Mo.
Bond Sale
The $100,000 re¬
Bond Offering — Paul Schwegfunding bonds offered on Feb. 9 man, City Clerk, will receive
—v.
167, p. 481—were purchased sealed bids until Feb. 27 for the
r
On
—•
sewer
at
Fenn
reserves
1
Improvement
improvement
Co.,
maturity
•
an,
ealed
City
Advised
City
Trust
any
Underwriters—-Members of the
underwriting group, in addition to
Blyth & Co., Inc., include: Equit¬
inclusive.
the
lected by lot, on Feb.
bond.;
1, from 1950 to>1959
$100,
bonds; $650,000 parks and recrea¬
tion bonds, and
$50,000 viaduct
are
dated Feb.
1,
callable for redemp¬
"'
y
9
follows:
follows:
—
Dated March 1, 1948.
nomination $1,000.
tion
so
1,050 certificates of indebtedness.
Denomination $105. Due $105
Jan.
bonds
1948, and
of
1
serial
in full
Issuance
v-
* plus
,
inclusive.
on
Feb.
or
redeemable
be
Commission
of
on
1, 1970.
The
subject
beginning
Fnrmington Township Sch. Dist.
(P. O. Farmington), Mich.
000
;
,;
Denomination $380. Due $380
on Jan.
1, from 1950 to 1959
inclusive.
p.m.
a
<
3,800 certificates of indebtedness.
District, Mich*
Feb.
$300,000 Feb. 1 and Aug; 1,
1967; ,. $325,000 ^Feb.
1
and
$250,000 Aug. 1, 1968; $300,000
Feb. 1 and Aug. 1,
1969; $325,-
.
of
Omaha, Neb.
:
as
day
all
bonds
certified check for
a
Bond
2.9389%,
:•,
Due
The
NEBRASKA
Aug. 1 in 1962 and
2.90s.
paid.
amortization
will
Enclose
$225,000
are
payable to the District Clerk.
Co., Inc.,
100.38, a
r
/
Due
1966.
indebted¬
inclusive.
&
same
interest payment date on
after'five years from date.
and
;
2,450,000
of
on
1959
y
the
on
thereafter until
any
$300,000 Aug. 1, 1965; and
$300,000 Feb. 1, and Aug. 1,
:
Denomination $665. Due
Jan. 1, from 1950 to
$665
whether
1,650,000
3s.
Due
as
follows:
$225,000 Feb. 1 and $250,000
Aug. 'l, 1964; $275,000 Feb. 1
(CST)
purchase
of
bonds
March
10,
$600 will be¬
on
of
sum
payable
year
bonds
/fc/;;. 1963.
$17,550 not to exceed 6% interest
certificates as follows:
$6,650
'
3.10s.
Feb. 1 and
receive
p.m.
payable
such
and
Denomination $270.
Due $270
on
Jan. 1 from 1950 to 1959
to
$900,000
including
will
Blyth
at
principal
be
If serial bonds are issued
Feb.
follows:
as
cost
Minn.
7.30
by
both
to
of
of
each
on
New York, at a price of
net interest cost of about
No
Clerk of the Board of Educa¬
tion, will receive sealed bids until
16
managed
into
sold
18—v. 167, p.
792—were awarded to a syndicate
livery will be made within 40
days after acceptance of bid. Each
divided
or
sale,
1949, and the
$5,000,000 four¬
highway revenue
bonds offered
de¬
of
become
Bond Sale—The
series
issued,
they will be in the
$600 each, the sum of
$600 of the said serial bonds will
less
MISSISSIPPI
out cost to the purchaser and
unconditional.
and
amount
Mississippi (State of)
teenth
be
of issue.
bid, is required.
'0':-
bond
interest
come
bid
and
be put into
payable in
semi-annual instalments
during a
period of 10 years from the date
par
Barber, of Minneapolis, both with¬
sey,
First
the
furnish
the
printed
approving legal opin¬
Dorsey, Colman, Scott &
,
bonds
'
time
and
the
for
single
the
will be considered.
certified check for 2% of
A
■
and
2,700 certificates of indebtedness.
school
than
to
sold
may
are
issue
several
bonds, as the Board
Trustees may determine
upon
will.be furcost
purchaser.No
suit¬
from
,
without
bonds
one
trust company
desig¬
the printed bonds
will
must
tion
the entire
by the purchaser.
The
approving legal opinion
of
Dorsey, Colman, Barker, Scott
& Barber, of
Minneapolis, and
nished
M-S.
bonds will be the second choice
of the School Board. If
amortiza¬
(J-J) payable at any suitable
or
system
Dated March 10, 1948. In¬
Amortization bonds
will be the first choice and
serial
nated
or trust
company desig¬
by the purchaser. The Vil¬
of
light
bonds.
terest
department bonds.
$6,000 on July 1, from
bank
able bank
are
(EST) on Feb. 25 for the
purchase of $200,000 construction
bonds, dated March 1, 1948.
'
;
:
follows:
nated
on
multiples of A or 1/10 of
of"l%. Principal and interest
Dated
any
p.m.
(Mountain
Standard
on March 10 for the
pur¬
chase of $6,000 not to
exceed 6%
interest
electric
in
terest to be in multiples of Va or
1/10 of 1%.
Principal and in¬
terest (M-S) payable at
dated
a.m.
(EST), April 15 from 1949 to 1953
incl.
purchase at
Principal and interest (A-O) pay¬
discount of $300,000 notes issued
able at the Detroit Trust
Co., De¬
in anticipation of taxes for 1948.
troit. Legality approved
by Berry,
Dated Feb. 24, 1948. Denomina¬
Stevens, Barbier & Evely of De¬
tion $25,000. Due Nov. 10, 1948.
troit.
Second high bid of 100.06
Notes will be payable ^t the Sec¬
for $144,000 3s and
$216,000 2V2s
ond National Bank of Boston and was made
by an account composed
will be authenticated as to genu¬
Feb.
on
bonds.
coupon
Offering—George C. Kel-
12—v.
The
revolv¬
at the option of the
Village on
March 1, 1953, or any interest
pay¬
ment date thereafter.
Rate of in¬
■
Bond
3
Bedford, Mass.
porary
1948.
are
"maturing
Cold water School
improvement
.
the
was
National
interest
8
Time)
40,000 permanent impt. revolving
fund bonds.
Due $4,000 from
1950 to 1959 inclusive.
Dated
April 1, 1948.
Denomination
$1,000.
Rate of interest to be
clusive. Bonds maturing from 1959
to 1968 subject to prior
payment
on
to
prior
redemption
Sept. 1, 1952, at various premiums
depending on the date of redemp¬
next
5%
Due on March 1,
$1,000 from 1949 to
1953; $2,000 from 1954 to 1963, and
$3,000 from 1964 to 1968, all in¬
Sept. 1, 1947 and mature serially
Sept. 1 from 1950 to 1977 in¬
tion. ;
al'Bank, "Boston.
exceed
Certificate Offering—E. J. Bes-
considered
1953 to 1977 inclusive
•
March
as
on
i Bonds
fund
O.
>
clusive,
$100,000 to the Day Trust Co., of
to
A certi¬
fied check for $800 payable to the
exceed 3V2% interest coupon wa¬
ter revenue bonds ..offered Feb.
19—v. 167, p. 792—were rejected.
New
;
on
amount of premium bid.
$397,000 not to
0.79%,
;y
not
computed
Bids Rejected—Issue Re-offered
bids for the
receive
Village Treasurer, is required.
Township (P.
Lakeside), Mich.
—All
will
Clerk,
McCar¬
cording to the lowest interest
MICHIGAN
Chikaming
Note Sale—An issue of $200,000
tax notes was sold on Feb. 17, at
follows:
Village
W.
(CST)
p.m.
Bond Offering — The
District
Clerk will receive sealed
bids un¬
til
1950 to 1959 inclusive.
bid for less than par will be con¬
sidered. Bids will be preferred ac¬
-
:
March
Milton, Mass.
Offering—J.
7.30
MONTANA
fire
Due
$40,-
000
bid
Stubbs, and
jointly, for 2s, at
53
Sheridan County School District
No. 3 (P. O.
Westby), Mont.
follows:
as
$60,000
sealed bids until 8 p.m. (CST)
Feb. 24 for the purchase of
ion
&
101.159.
Securities
at 100.016.
thy,
bonds
Weeks,
Burr, both of Boston,
2s, at a price of 101.26,
Co.,
from 1949 to 1953 inclusive. Prin¬
highest
at
Bridgewater, Mass.
Tvler
water
cipal and interest (M-S) payable
at the National Shawmut
Bank, of
Boston. The next highest bidder
was C. F. Childs &
Co., for IV4S,
Boston.
Co.,
.
Weeks
Corp., of New York, as 13/4S, at a
price of 100.047, a basis of 1.233%.
Dated March 1, 1948. Due
serially
as
next
Boston
basis of 1.81%. Interest
payable
M-S. The next highest bidder was
purchased by
Webster
The
the
was
Whiting,
Feb.
on
Boston,
a
$75,000
p. 791—were
of
Feb. 17 by Hornblower &
Haverhill, Mass.
-
Mer¬
and Coffin &
rate of
a
pur¬
the
Note Sale—An issue of
$199,000
water
notes
was
purchased on
1948, and
The Third Na¬
1948.
discount.
bidder
..
Dated Feb. 18,
Nov. 8,
0.824%
Bank
$300,000
was
by
Safe Deposit: and
0.863%.
791—
were awarded to the Second Na¬
tional Bank of Boston, at 0.797%
due
notes
11
National
highest
Hampden County (P. O.
;•
Springfield), Mass.
;
T
Note Sale—The $500,000 notes
discount.
loan
Feb.
on
chants
'*
offered Feb.
Bank
Co., Waltham, at 0.89%.
chased
r
'
Trust
temporary
,
,
Newton-Waltham
Watertown, Mass.
highest
bidder
was
the
Chemical Bank & Trust
Co., New
Boston
the
Note Sale—An issue of
next
York, and First
jointly, at 1.35%.
Bond
ing
and
Sale—The $5,000,000 tem¬
poral y loan notes offered on Feb.
Boston, Mass.
.
MINNESOTA
permanent
validity by the
First National Bank, of
Boston,
under
the
advice
of
Storey,
Thorndike, Palmer & Dodge, of
Boston. The next highest bidder
f
(893)
March 3 for the purchase of
$100,000
not
to
exceed
3%
interest
Cole¬
DeGraff, Minn.
$400,000
until
bonds
genuineness
Safe
Bank,
.
discount. Dated Feb. 17, 1948. Due
Nov. 5, 1948. Authenticated as to
Deposit & Trust Co., at 0.879%.
Savings
man.
Day
by the First
Boston, at 0.88 %
National Bank of
State
man
bids
payable at the Cole¬
1.06%.
,
by
the
was
Boston,
1948.
porary loan notes offered
17 were purchased
pur¬
of
discount.
bidder
was
the First
Boston,
at
The next high¬
Bank
12,
terest (A-O)
Waltham, Mass.
Beverly, Mass.
National
Nov.
highest bidder
Trust
MASSACHUSETTS
notes
Feb. 10 by the National
Bank
of
Boston,
at
on
Shawmut
April 1 from 1949 to 1978 inclu¬
sive.
;i,
; •
;
*
loan
CHRONICLE
Warren
by the
pur¬
On
temporary
validity
FINANCIAL
Township Fractional Sch. at any bank or trust
company
National Shawmut Bank of Bos¬ Dist. No. 1
(P. O. Coleman), Mich. designated by the
purchaser. The
ton,
under
advice
of
Bond Sale—An issue of
Storey,
$15,000 next highest bidder was Kalman
Thorndike, Palmer & Dodge of school bonds was purchased re¬ &
Co., for 1.90s, at par.
Boston
cently by the State Bank of Cole¬
West St. Paul, Minn.
man, as 2s. Dated Jan. 15,. 1948.
Saugus, Mass.
Due $3,000 April 15, from 1949 to
Bond
Note Sale—An issue of
Offering—Joseph Giefer,
$200,000
1953 inclusive. Principal and in¬
City Clerk, will receive sealed
tax anticipation notes was
North East, Md.
Bond Sale
and
&
voters
$130,-
approved
by
Hawkins,
& Wood of New York
were
authorized at
Feb. 3.
an
Delafield
City. Bonds
election
on
i
54
/•Z///;''7/:'Z/
(894)
Treasurer's office, or at the Guar¬
Dunellen, N. J.
offered
price
1.786%,
as
of 100.05,
follows:
opinion of Wood, King & Dawson,
of New York,
and printed de¬
Commission.
1, from
nomination $1,000.
of
interest
y4
or
price
1.683%.
F. Mc-
serially
.
inclusive.
1953,
.
..
.
Sewer District No. 5 se¬
ries A bonds of 1948. Due on
Jan. 1 from 1949 to 1953, incl.
10,000
registered
;
Due on March
made by the
Trust Co. of Buffalo,
v;
1<00.068 for 1.80s was
Marine
as folldws: "$25^000 from 1949
1959; $24,000 in 1960, and $20,000 from 1961 to 1978 inclusive.
1/
Chemical Bank & Trust
Principal and interest (M-S) pay¬
able at the National State Bank of
Elizabeth.
Each
proposal sub¬
mitted must name the rate of in¬
terest in multiples of 1/20 of 1%,
and must be the same for all of
the
bonds.
The purchase price
named in. the proposal must be
for
not
less than $659,000 nor
Co.,
1949 to
Principal and in¬
payable annually (Feb. 1).
The next highest bidder: was the
Marine
Trust
Co l Buffalo, 1 for
of
bid
high
Second
1948.
1,
De¬
Due
;
1.90s, at 100.17.
fit. Y.
Emil
Municipal Price Study Issued—
C.
Williams, Vice Presi¬
v
j;,:
Wiliialn ' C.
until
bids
sealed
(EST)
10
a.m.
March 2 for the pur¬
$89,850 not to exceed 5%
on
chase of
interest
coupon
bonds
follows:
as
or
registered
% t >•'
Chemical Bank &
Trust
Co., 165 Broadway, New $82,850 street improvement bonds.
Denomination $1,000 one for
York, has favored us with a copy
$850. Due on March 1, as fol¬
of the bank's "Fourteenth Annual
lows:
$19,850 in
1949, and*
Price
and Yield Comparison of
$21,000 from 1950 to 1952, all
State
and
Municipal
Bonds,"
inclusive. /
* :
';v; 7'//
which provides a record, as of the
7,000 Knollwood water district
end of each of the year from 1933
bonds.
Denomination $1,000.
more
than
$660,000. The pur¬ to 1947 inclusive, of the price and
Due $1,000 on March 1, from
chaser must pay accrued interest yield on various bonds of all of
1949 to 1955 inclusive. /,;>
from the date of bonds
to the the States and their principal lo¬
date of delivery.
Dated March 1, 1948. Rate of
No interest will cal governments. . In connection
be paid upon the deposit made by with the study, it is pointed out interest to be in multiples of %
the successful bidder.
The suc¬ that State: and municipal bonds or 1/10 of 1%, and must be the
cessful bidder will be furnished declined nearly 10 points between same for all of the bonds. Prin¬
with the opinion of Reed, Hoyt &' Dec., 1946 and Dec., 1947 on an cipal and interest (M-S) payable
Washburn, of New York City, that average for 10-to-25 year bonds. at the County Trust Co., Tarrythe bonds are valid and legally Commenting
further
the
bank town. The bonds will be delivered
at New York
City, or at such
binding obligations of the City. states as follows:
The bonds will be prepared under
other
"The fifteen-year period 1933 to
place as may be agreed
the supervision of the Continental 1947 saw municipal bond prices with the purchaser. The approv¬
Bank & Trust Co., New York City, make their all-time low and highs ing opinion of Vandewater, Sykes
which will certify as to genuine¬ —from the deep discounts of 1933 & Heckler,
of New York City,
ness of the
signatures of the of¬ to the high premiums so common will be furnished the purchaser.
ficials and the seal impressed on in the early months of 1946. The A certified check for $1,800 pay¬
the bonds.
A certified check for Chemical Bank & Trust Co.'s an¬ able to the Town, is required. w/Z
$13,180 payable to the City, is re¬ nual price comparison embraces
Harriman, N. Y.
quired.
this fifteen-year bond market cy.Bond Offering — Florence
cyle, and thus presents a most
Livingston Township Sch. Dist.
Thompson, Village Treasurer, will
interesting record of the market
CP. O. Livingston), N. J.
receive sealed bids until 2 p.m.
performance of over two hundred
Bond Sale—Campbell, Phelps &
(EST) on March 8 for the pur¬
major state and municipal issues, chase of
$30,000 not to exceed 5%
Co., of New York, were the suc¬ the
majority of which were out¬
interest water coupon or regis¬
cessful bidders for the $380,000
standing in 1933, with others add¬
the
of
dent
bonds
offered
Feb.
17—v.
.
167, p. 593, the winning bid for
$379,000 bonds as 2y2s, at a price
of
$380,705.12, equal to 100.449, a
basis of about 2.453%. The bonds
dated
are
on
Feb.
1,
1948,
and
Feb. 1 from 1949 to 1969,
due
incl.
time to
from
ed
ment
issues
retired
payment or refunded.
for
called
supple¬
at maturity,
time to
"Using all bonds included in the
survey having maturities of 10 to
25
(approximately 100 dif¬
years
ferent issues with an average ma¬
bid for $379,000 2V2s,
turity of about 15 years) the rec¬
at a price of 100.418, was made by
ord
discloses an
extreme price
a group composed of White, Weld
swing from 907/s in Dec., 1933 to
& Co.; Dean, Taylor & Co.; Coffin
134% in Dec., 1945, and a subse¬
& Burr, and Livingston National
quent reaction to 119% in Dec.,
Bank.. ////
:
1
Z/ :<// •' / ■/ /;/// 1947. Expressed in terms of basis
Sayreville, N. J.
prices, or yield, the movement
from
5.29%
to 1.47% and
Bond Sale—The $325,000 sewer was
bonds offered Feb. 18—v. 167, p. then back to 2.18% at the close
Second high
792—were
awarded to B.
J. Van
& Co., Inc., of New York,
atf 2%s, at a price of 100.239, a
basis of about 2.48%. Dated March
Ingen
1,; 1948 and due on March 1 from
1949
to
1977 inclusive.
Second
of
bid
high
bonds
group
100.866 for
2.60s
as
was
$323,000
made
by
a
composed of J. R. Ross &
Co.,, Ranson-Davidson Co.,
Campbell, Phelps & Co.
and
NEW MEXICO
New Mexico
(State of)
Sealed
bids will be received by the State
Board of Finance, until 10 a.m.
Debenture
Offering
yield
this character since Dec., 1941.
"While the survey
was
not de¬
signed primarily as a bond mar¬
ket index, its careful compilation
and
comprehensive
scope
fur¬
nishes the necessary
data from
it
which
a
is
possible
to construct
valuable set of municipal bond
1,
Denominations
$1,000
$500.
and
thorities
be
Bank
bonds
will
chaser
at
office
on
be
the
or
'
Monroe.
1,
v
Carolina
/>;;
Bond Sale—The
aggregating
$4,-
bidding forms,
interest;.;(M-N)
York City.
-
P.
Bond
,
.
!
Henderson, N. C.
Sale—The $85,000
•*
may
obtained at the office of J.
Principal and
payable in New
Dated Nov. 1, 1947.
tary
sani- :
sewer
$300,000,000 bonds will ma¬ 1 Bond Offering—W. E. Easterequal annual installments ling, Secretary of the Local GovJan. 17 1949 to Jan. 1, 1958 ernment Commission, will receive
inclusive. A constitutional amend¬ sealed bids at his office in Ralment providing for the $400,000,- eigh, until 11 a.m. (EST) on Feb.
000 authorization was ratified by 24 for the purchase of $250,000
the voters
of the State at the not to exceed 6% interest general
;
ture in
,
from
;
November,
1948.
1947, general
proceeds of special taxes sanc¬
tioned by the voters for that pur¬
approving opinion of Wood,
& Dawson, of New York
City, as to the validity of the
bonds will be furnished the pur¬
chaser. A certified check for $600
The
King
payable to the Village, is
J/://'/<{■
County (P. O. Morgmnlon),'
The
The
about April
NORTH CAROLINA
Worth
1
election.
Although full faith and credit obrdelivered the pur¬
ligations of the State, the entire
Village Treasurer's
debt is to, be retired from /the
of
^
V
Burke
>•
the
at
payable
(A-O)
Citizens
York
bonds offered Feb. 17
—v. 167, p. 793—were awarded to
Morgan & Co. Incorporated.
the Branch Banking & Trust Co., v
!
New York (State of)
of Wilson, at par, a net interest
Bond Offering—Frank C. Moore,
cost of about 2.087%,* as follows:
State
Comptroller, will receive
$63,000 2s, due on March 1 from
sealed bids until March 2 for the 1951 to
1958, inclusive, and $22,purchase of the initial installment 000 2V4S, due on March 1 in ,1959
of $300,000,000 of an authorized and 1959.
The bonds are/ dated
issue of $400,000,000 bonds pro¬ March
1, 1948. Second high bid of
ceeds of which will be used to 100.03 for
$10,000 5V2s and $75,000 '
pay a bonus to the State's World
2s, a/net interest cost of about ;
War II veterans.
Date of sale of
2.185%,
was
made by ; J. Lee,
the forthcoming offering was de¬ Peeler & Co., and Vance Securi¬
cided on after a series of con¬ ties Corp.
' '
ferences between Mr. Moore and
Plymouth, N. C.
.
representatives of banking groups.
be the same for
bonds; Principal and
interest
bonds
also
fering,
of 1%. Bids must
the
New
620,000. The offering includes 96
separate blocks and separate bids
are required on each unit.
A list
of the bonds included in the of¬
on
of
local <
offered on j
were
from 1949 to
all
at
paratus and equipment bonds offered.on Feb. 11—v, =167, p. 697—
April 1, as follows: $1,000
1963, and $1,500 from
1964 to 1973, all inclusive. Rate of
interest to be in multiples of 1/10
Due
bonds
Feb, 17—v. 167, p. 793—were put-
$369,000 school
purchased by Tilney & Co*, building/ series B bonds offered
Of New York,, as 1.90s, at a price on Feb. >17—V. 167, p.- 793—were *
ot 100.15/a basis of 1.871%. Dated purchased by a: syndicate com- /
March 1, 1948.
Due serially on posed of R. S. Dickson & Co., of >
March 1 from 1949 to 1958 inclu-/ Charlotte/
Branch / Banking
'
sive.
Interest payable M-S. The Trust Co., of Wilson,1 Vance Se- *
next highest bidder was the Law¬ curities Corp., of Greensboro, and :
rence
Cedarhurst Bank,
Wood- J. Lee Peeler & Co.5 of Durham, }
at
mere, for. 2s, at par. <
par,
a 7 net
interest cost/of J
2.6407%, as follows: $39,000 as 6s,
J. P. Morgan & Co. Inc., N. Y.
maturing on May 1, $9,000 in ^
/ $4,620,000
Municipals Offered
1949; $6,000 from 1950 to 1954; ;
for Sale—Sealed bids will be re¬
$105,000 as 2^s, maturing $10,000 ,
ceived at the office of the com¬
from 1955 to 1960/ $15,000 from/
pany, 23 Wall St., New York 8,
1961 to 1963; $195,000 as 2%s, ma- ,
untiLl0:30 a.m. (EST) on Feb. 25
turing $15,000 from 1964 to 1976, »■
for the purchase of various blocks
and $30,000 l%s, maturing $15,000 ;
of State and municipal and au¬
in 1977 and
1978, all inclusive. •
1948.
Dated April 1,
improvement
de¬
To implement the bonus
payments,
Comptroller, Moore
borrowed $100,000,000 on one-year
notes
early in January. Bonus
pose.
required.
>
:
;
*
1948. coupon bonds. ;
March 1, 1948.
Denomina¬
refunding of
Dated
Due on March 1, as
from 1954 to 1959;
$7,000 from 1960 to 1964; $8,000
from
1965 to
1969; $9,000 from 1
tion
$1,000.
follows: $6,000
1970
to
to-
1973;
from
1981
from 1974 s
1977; $12,000 •
1980, and $13,000 in >
$10,000
$11,000
1976;
1978 toand
in
1982./ Principal and in-
i
being terest (M-S) payable in New York"Hempstead Union Free Sch.. Dist. transmitted at the rate of 13,000 City. Registrable as to principal
No. 10 (P. O. Baldwin), N. Y.
a
Bidders are- requested to day, with the total daily dis¬ only.
Bond Sale—The $700,000 build¬ bursement aggregating about $3,- name the interest rate or! rates in 1
ing bonds offered Feb. 19—v. 167, 000,000,; Mr. Moore disclosed.
7 multiples of % of 1%. .Each bid '
may name one rate for part of the :
p. 793—were awarded to a group
New York-City Housing Authority,
bonds and another rate for the r
composed of George B. Gibbons
New York *
•" v'
I
& Co., Inc., Charles E. Weigold
balance; but no-bid may name-'
Note Sale — Of the $26,080,000 more than four rates.
Each rate
& Co., Bacon, Stevenson & Co.,
must be bid for bonds of conseeu.and Hannahs, Ballin & Lee, all of temporary loan notes offered on
No bid for less
New York, as 2.60s, at a price of Feb. 17—v. 167, p. 793—$25,885,000 tive maturities.
checks to veterans are now
'
price
averages
as
of
year-end
dates."
Cortlandt, Toddville Water District
No. 2
(P. O. Croton-Hudson), N.Y.
Offering
Bond
sealed
receive
Ellsworth .E.
Supervisor,
Town
Johnson,
—
bids
until
4
p.m.
1949
of
$9,500 not to exceed 5% inter¬
water
bonds.
Dated
nomination
15
coupon
from
Feb.
$500.
1949
to
or
15,
Due
1967
registered
1948.
De-
$500 Feb.
inclusive.
to
from
of.about
basis
a
follows: $30,000 from
1958
1959
to
inclusive;
was
$25,000
1968 inclusive,
$15,000 from 1969 to
sive.
2.55%".
1948 and due on
March 1,
March 1, as
(EST) on Feb. 24 for the purchase
est
100.56,
Dated
will
on
1959. Principal and in¬
terest (A-O) payable at the State
Oct.
erous
—
March 16 for the pur¬
chase of $1,000,000 not to exceed
3% interest State highway deben¬
tures:
Dated April 1, 1948.
De¬
nominations $1,000 or multiples
thereof.
Due $500,000 April and
(MST)
is the most gen¬
offered on bonds of
1947, which
of
bonds.
tered
be
Hempstead, Woodmere Fire Dist.
;;
(P. O. Woodmere), N. Yj /./•/
Bond Sale—The $32,250 fire ap¬
"
school
will
bonds
Schenectady, N.Y.
Sale—The $125,000
.
Y
Duell, Town Supervisor; will re¬
ceive
The
Bond
and accrued
v
2.80s, at 100.148.
as
'I
Cityj or at chased
by the Schenectady Trust
be agreed Co., as 1.10s, at par. Dated March
with the purchaser about Feb. 27,
1/ 1948. Due serially on March 1,
1948.
The approving opinion of
from 1949 to 1953 inclusive. Prin- :
Varidetvater, Sykes & Heckler, of cipal and interest (M-S) payable/;
New York City, will be furnished
at the; Chemical Bank & Trust Co., /
the purchaser." A certified check New York. The next
highest bid-r,;
for $572,000 payable to' the Dis¬
der jyas R. G. Johnson & Co., for /
trict, is required.
TY4s, at 100.042. 7 7 /l///;
(P. O. Tarrytown),
New York './/
Offering
ly,
of
multiples
such other, place as may
Greenburgh
Bond
in
1/10 of 1%, and must be
for all of the bonds.
No
livered
terest
dated Jan.
All of the bonds are
from
1
Feb.
on
1953 inclusive.
bonds. Due
1949 to
1 from
100.051, l a.
of
Dated Feb. 1, 1948.
be
same
interest.
Tilney
1.70s, at
basis of
Co., of New York, as
to
bid for less than par
Feb. 11—v. 167,
on
&
Jan.
the
697—were purchased by
a
to
•
offered
bonds
p.
of 100.05,
on
Dated March 1, 1948.
1950.
(registered)
provement ~ 1948
Sale con¬
(EST) on. Feb. 26 fqr the purchase
of $659,000 not to exceed 6% in¬
bonds.
Buf¬
& Traders Trust Co., of
as 1.70s, at a price
basis of about 1.683%.
Elizabeth, N. J.
terest school coupon or
p.
sists of:
City Comptroller, will re¬
sealed bids until 11 a.m.
ceive
167,
$13,750 street curbing
Bond Offering—Patrick
bonds
792—
(P. O. Gilboa), N. Y.
—
The $10,000 im¬
a
1.80s, at 100.049.
Gann>
in 1949, and $15,000 in •(F-A) payable at the Schenectady
Principal and interest (F- Trust Co., Schenectady. The next
A) payable at the South Shore highest bidder was E. H. Rollins
Trust Co., Rockville Centre. Rate & Sons, and Coffin & Burr, joint$13,595
Sale
falo,
ers
highest bidder was Ryan & Moss,
and Ranson-Davidson Co., jointly,
•s
Blenheim, Broome and
Central Sch. Dist.
1
No.
awarded to the Manufactur¬
were
National Bank,
for
for
certified
Bond
,
$23,750
17—v.
Feb.
offered
(M-N) payable at the First
Boston. The next
terest
without
$190
purchaser
check
the
A
cost.
Cheek-
O.
Sale—The
Bond
1949 to
Principal and in¬
inclusive.
1958
(P.
,
.
Gilboa,
towaga), N. Y.
1, 1948. Due ser¬
March
•
Conesville,
Cheektowaga
March
'
payable to the Town, is required.
bonds.
-
•.
NEW YORK
improvement series
street
check
the amount
of
Monday, February 23,-1948
.
•
Principal and interest (F-A) pay¬ ^Hempstead Union Free Sch. Dist.
No. 3, N. Y,
'
•
No. 28 (P. O. Long Beach), able at the First National Bank of
Bond Sale—The $420,000 build- •;<
New York
/V-.-,
Croton-on-Hudson. Rate of inter¬
Bond Offering—James J. Mor¬ ing bonds offered on Feb.
16— *
est to be in multiples of V\ or 1/10 ■>
v. 167, p. 793—were purchased by
of 1%, and must be the same for rison, District Clerk, will receive
C. J. Devine & Co., and Hornall of the bonds. The bonds will sealed bids until 10 a.m. (EST)
blower
&
Weeks, both of New •
be delivered at New York City, on Feb. 24 for the purchase of
$28,595 not to exceed 5% interest York, jointly, as 2.70s, at a price s
or at such other place as may be
1948
registered
bonds of 100.38, a basis of about 2.67%.
agreed with the purchaser, about schoolr
(typewritten).'
Dated
Feb. 27, Dated Feb. 15, 1948. Due serially ,
March 9. The approving opinion
1948.
Denominations $13,595 and on Feb. 15, from 1949 to 1978 in- ,
of Vandewater, Sykes & Heckler,
Principal
and
interest;'
Due Feb. 27, as follows: elusive.
of New York City, will be fur¬ $15,000.
nished
2%
//"-/v.*
Rotterdam Common School District
quired.
A bonds.
on
State Highway
certified
A
the
CHRONICLE
bid, pay¬
able to the State Treasurer, is re¬
for
9,000 street improvement assess¬
ment, series A bonds.
ially
furnished
be
purchaser by the
assessment bonds;
12,000 street improvement series
15,000
Dated
will
bentures
20,000 street improvement assess¬
ment, series B bonds.
B
No bid at less
considered.
be
bonds.
9,000
all series
or
one
accrued interest will
The
approving
than par and
improvement
general
$32,000
and
G-193
series
are
The de¬
Y.
N.
will be considered.
basis of
a
Co.,
Bids for
G-194.
Bank
State
a
bentures
purchased by the National
of Newark, as 1.80s,
—were
at
$97,000 bonds
Feb. 16—v. 167, p. 697
on
Trust
anty
Sale—The
Bond
' THE COMMERCIAL & FINANCIAL
and
1978 inclu¬
100.3403
Second high bid qf
made by a group
Shields
&
Co.,
Weeks and First of
composed of
Hornblower' &
Michigan Corp.
were
To
awarded as follows:
Lehman
Bros.,
New York,
$9,100,000 at 1.12%
(plus $9.10).
£' To the Chemical
Bank & Trust
**
York, and Associates,
$8,785,000 at 1.20%. V
To the Manufacturers Trust Co.,
New York, $7,000,000 at 1.12%.
To Salomon Bros. & Hutzler,
New York* $1,000,000 at 1.19%.
:1
Dated Feb. 27, 1948.
Due Aug.
Co.,
New
,
than par and
be
opinion
of
Palmer &
Thorndike,
Storey,
Dodge, of Boston, will
be furnished the
purchaser. A cer-
the State Treasurer,
Richmond
Z
'
Bond
,
(
'
payable to
is required. • "
tified check for $5,000
'
27, 1948.
accrued interest will '
The
approving •
entertained/
County (P. O.
Rockingham), N. C.
Offering—W^ E.
Easter-
ling, Secretary of the Local Gov-
Volume
•sernment
167
Number 4675
COMMERCIAL
Commission, will receive
serially
^ipart
may
of
the
name
V;
•
mature serially from 1949 to 1963
inclusive, with the amounts due
,(probably semi-annually) calcu¬
;
•
-and
prin¬
-
driven equipment
,
bonds, as 3s.
Due serially on
Sept. ;1, from 1949 to 1954 in¬
•//..
cipal and interest throughout the
life of the bonds.
Bonds
limited
rate for
to
fered
his
bid
each
•
?
than
twd
must
specify in
the
No
ion
:
of
2V4s.
interest
for
or-
1,
and
the
to
•
the
State
167,
a
Salisbury, N. C.
Sale—The $200,000 series
B
water
bonds
offered
Feb.
&
17
Savings Bank & Trust Co.,
of' Cincinnati, jointly, at a
J,£rice 'of'" 100.012, a net interest
»«cost of about 3.12%, 'as follows:
$80,000 3V4s, due on June 1 from
.000
'to
■
1965
3s, due
1977
1947.
June 1 from 1963
inclusive.
Dated Dec. 1,
high bid of 100.055
Second
; for $64,000 2V4s,
"
$76,000 2%s and
$60,000 3V?s, was made by a group
composed
of
Yance
Securities
Corp;; J. Lee Peeler & Co.,
Welsh, Davis & Co.';
OHIO.;"
Boston Heights
Bond
and
>
(P. O. Boston),
Ohio
'
Offering
>
,
'
.
Stella
—
•
'
bids until 8 p.m. (EST) on March
2 for the purchase of
$27,500 3%%
fire station and apparatus coupon
or registered bonds.
Dated March
1, 1948.
•
r
Denomination $1,000 one
Due on Dec. 1, as fol¬
lows: $2,500 in 1949;
$2,000 in 1950
for
$500.
and
•
•
for
a
•
1
inclusive.
a
Bidders
of
y4
of
bid
may
payable J-D. These
1%.
authorized at the election
4, 1947.
on
No bid for less than
:
sidered.
A
-certified
Butler
upon
all
in
These
the
bonds
and
be
may
number of
any
issue.
Interest
All bids must state
bonds bid for and
amount
gross
highest
par
Bids
or
the
crued interest to
for
than
interest.
bonds
the
par
$300 payable to the Village, is
quired.
less
the number of
con-
check
as
sold to the
not
payable J-D.
Nov.
and accrued interest will be
:
made
the
Interest
the bonds
are
at
accured
different rate of interest in
multiple
&
York,
bonds will be
bidder
1951, and $3,000 from 1952 to
1958
New
of
bid
date of
were
and
ac¬
delivery.
authorized
primary election held
at
May
6, 1947. .A certified check for $500
payable to the Village Treasurer,
is required.
•
re¬
County (P. O. Hamilton),
Ohio
on
•
.
1
Offering—P.
Mount Healthy Exempted Village
School District, Ohio
G.
Banker,
Clerk of Board of
County Commissioners,; will receive1 sealed
hids until
5
noon
(EST)
on
-
'
Bond
March
Dated
special
:
$32,000 3%
assessment bonds.
March.
1,
1948.
Due
on
Sept. 15, as follows: $3,000 in 1949
and 1950, and $2,000 from 1951 to
•
1963, both inclusive. Principal and
interest
(M-S)
payable at the
County Treasurer's office. The ap¬
proving opinion of Peck, Shaffer
Williams, of Cincinnati, will be
u&
furnished without cost; A certified
.check for ' $320 •; payable .to .the
>
•;
Columbus, Ohio
t.
Bond Sale
—
The
un¬
Phelps, Fenn & Co., of New York,
McDonald & Co., of
Cleveland,
Hemphill, .Noyes & Co., of .New
York, C. F. Childs & Co., of Chi¬
cago,
Roosevelt
Smithers & Co.,
Cross,
F.
York, and-Cun¬
ningham & Co., of Cleveland,
u
price of 100)0035,
cost of
2.3299%,
S.
Campbell, Phelps
6 Co., all of New
as
a
2V4s.
from
fund
at
4
Due serially
1948
:to
Bidders to bid for
of interest in
1973
bonds,
on
White
Vermillion
&
Local
of
highest bidder
Co., for 2y4s.
School
(P. O. Vermillion), Ohio
Offering — Margaret L.
Buell, Clerk-Treasurer of Board
of
Education, will receive sealed
bids until 8 p.m. (EST) On March
for
the
2V2%
purchase
construction
of
$292,000
bonds.
Dated
March
.
1,
1948.
$1,000.
Due
$7,000 March and
Sept. 1, from 1949 to 1968, and
$6,000 March and Sept. 1, 1969,
all inclusive.
Bidders may bid for
different
a
rate
of
interest in
a
Principal
and interest
(M-S) payable at the
Erie County United Bank of Ver¬
Feb.
on
12—v.
purchased
by
167, p. 698—were
syndicate com¬
a
posed of Stern Bros. & Co., Lucas,
Eisen & Waeckerle, both of Kan¬
City, Seasongood & Mayer, of
Soden-Zahner Co., of
Kansas City, and Walter,
Woody
& Heimerdinger, of
Cincinnati, at
sas
Cincinnati,
net interest cost
a
of 2.5629%, as
$154,000 as 2s, maturing
1, $22,000 from 1954 to
$176,000 as 2V2S, maturing
follows:
on
Sept. 1,
inclusive.
View School District, Pa.
Sale—The $150,000 field
Bond
Feb.
17
Offering—Henry F. Beis-
v.
—
awarded
bonds
167, p. 794
to
Singer,
offered
were
—
Deane
&
City Recorder, will receive
sealed bids until 7:30
p.m. (PST)
on
March 8 tor the purchase of
$48,578.96 not to exceed 6% inter¬
est series B Bancroft
Improvement
Scribner, • of
Pittsburgh,
and
Schmidt, Poole & Co., of Phila¬
delphia, jointly, as 2s, at & price
of 100.591, a basis of about
1.903%.
$15,000
tel,
One
bond
March
1957;
$22,000 from 1958 to 1965, and
$170,000 as 23/4s, maturing $22,000
for
Dated
$578.96,
1959
others $1,000 each.
Due as fol¬
lows: $3,578.96 in 1949 and
$5,000
from 1950 to 1958, incl. Bonds ma¬
of
order
March
inclusive.
100.368
bonds
highest
will
sold
for
but
not
for
of bid.
2%
certified
a
works
check
Bond
the
Sale
storm
said date
97J
(P. O. Florence), Lane
County, Ore.
Offering—H. F. Severy,
f'
ard,
office.
' A
bonds.
1,
:
3%%
until
4
for
of
v
Leon¬
11
a.m.
(EST)
the
auditorium
Dated
March
coupon
1,
1948. De¬
$40,000 from 1951
$35,000 in 1956; $55,000
1955;
able
at
the
Chemical
Bank
&
Trust Co., New York City. Bidders
are
invited to name the rate of
interest
the
bonds are to
bear
which must be in
multiple of d/4
a
of 1%. The bonds will not be sold
for less than par ancl accrued in¬
coupon
refunding, funding^ and improve¬ terest. The
purchaser will be fur¬
bonds." Dated
March
15, nished with the
opinion of Reed,
1948.
Denomination
$1,000. Due Hoyt &
Washburn, of New York
Sept. 15, as follows: $5,000 from
City, that the bonds are valid and
1949
to
1958
inclusive;
$4,000 binding
obligations of the City.
from 1959 to 1961 inclusive, and
A certified check for 2% of the
$3,000 in 1962 and 1963. Register- amount of the bonds
bid for, is
able as to principal only. Rate of
required.
ment
interest to be expressed in a mul¬
tiple of
A
Vs
of 1%.
certified
check
Interest
for
2%
Spartanburg County (P.
Spartanburg), S. C.
M-S.
of
the
ceive
delphia.
sealed
(EST)
Elliott & Munson of Phila¬
send,
3%
Feb.
on
167,
1,
699—were purchased by George
G. Applegate and S. K. Cunning¬
&
Co.,
urltil
4
11
a.m.
the
for
pur¬
of $650,000 not to exceed
interest coupon bonds as fol¬
both
as
public
bonds.
Due
audi¬
on
Sept.
follows: $15,000 in 1948
and
1949; $20,000, from 1950
to 1956, and $30,000 from 1957
of
Pittsburgh,
jointly, as 23/4s, at a price of
101:217. Dated April 1, 1948. The
next highest bidder was
Fauset,
Steele & Co., for
memorial
torium
16—v.
p.
ham
bids
March
on
chase
; "
bonds offered
O.
Bond Offering—R. H. Ashmore,
Clerk of County Board, will re¬
bonds, payable to order of the
Borough Treasurer, is required.
Legality to be approved by Town-
Harmony Township School District lows:
(P. O. Ambridge), Pa.
$500,000
Bond Sale—The $26,000 sehool
1972, and $16,000 in
1973, all inclusive. Dated March
1; 1948. Interest payable M-S. The
next highest bidder was the First
ap¬
Registerable as to principal only.
Principal and interest (M-S) pay¬
sealed bids until 8 p.m. (EST) on
March 2 for the purchase of $68,exceed
at
Trust
from 1957 to 1960; $15,000 in
1961,
and $5,000 from 1962 to 1967 incl.
Blakely, Pa.
Offering—P. J. Matthews,
Borough Secretary, will receive
to
&
follows:
as
to
Bond
not
Bank
nomination $1,000. Due on March
PENNSYLVANIA
000
bids
memorial
certified
Sayre of Portland.
Principal
payable
purchase of
$500,000 not to exceed 3 % interest-
$500 is required. Legal
of Winfree, McCulloch,
opinion
(J-D)
Spartanburg, S. C.
Offering—Roy E.
March
on
for
Shuler &
date.
City Treasurer, will receive
sealed
bonds.
Due
Jan.
1, as follows:;
$3,000 in 1950; $4,000 in 1951 and,
$6,000 from 1952 to 1964 inclusive.
Callable after 10 years from date
of
issue. Principal
and interest
(J-J)
payable
at
the
County
check
to
on
subsequent in¬
any
Hanover
Bond
15 for the purchase of $85,000 not
to
exceed
2%
interest
school
Treasurer's
1955
callable
are
Charleston.
March
on
Denomina¬
Co.y New York City. Legality
proved
by
Huger
Sinkler
•
(PST)
or on
interest
Clerk, will receive sealed
bids until 8 p.m.
15, 1951
payment
Central
Bond
District
1947.
maturing
and
No.
&
bonds.
revenue
15,
and $3,000 from
inclusive.
Bonds
terest
\
-
Dickson
Dec.
1961
20, has been postponed until
.i
C.
S.
after Dec.
Feb. 27.
Siuslaw School District
S.
clusive,
sewer,
unlimited tax bonds scheduled for
Feb.
to
bid
$1,000.
Due Dec. 15, as fol¬
lows: $2,000 from 1948 to 1954 in¬
Postponed—The sale
$300,000 2%
high
was
Sold—R.
system
Dated
Salem, Ore.
of
2s
tion
-
t
Second
for
due
1950
Co., of Charlotte, have purchased
an
issue
of
$35,000 3%
water
and accrued in¬
par
Enclose
and
from
Johnston,
Bonds
the
obtainable
price
for less than
be
1948
1
SOUTH CAROLINA
interest paying date or
Principal and interest pay¬
able at the City Treasurer's office.
on
dates.
The
1,
March
on
made by
Arthurs, Lestrange & Klima, and
Moore, Leonard & Lynch, jointly.
turing in 1950 or thereafter sub¬
ject to redemption in numerical
Denomination
multiple of % of 1%.
West
house construction
.
Eugene, Ore.
Bond
-
a
different rate
on
Eeb.
lor
25
the
purchase
of
multiple of % of $15^900 water works bonds. Due
payable M-S.
The $1,500 from 1951 to 1960 inclusive.
proceedings looking to this issue The bonds will Be awarded the
•
a
have been 'taken under the super-;
bidder offering the lowest rate of
of r ; Squire, .. Sanders
interest and agreeing to pay par
vision
Dempsey, whose approving opin¬
ion
together
bonds
will
with
be
the
furnished
printed
bvy
the
Board. A certified check for $2,000
is required.
Bond
State
is
Offering
held
interest.
authorized
on
for 2%
at
The
the
bonds
to
1967, all inclusive.
150,000 road improvement, series
J bonds. Due on
Sept. 1, as
follows: $20,000 from 1950 to
1955, and $30,000 in 1956.
23/4s, at 100.45.
to
Jan. 20. A certified check
of the amount bid, is re¬
•
$200,000,000
of
the
an
the
Douglas County School District
No. 45 (P. O. Umpqua), Ore.
Bond
be
Bond
sale
Offering—Sealed bids will
received by the District Clerk
of
Sale
the
Cancelled
$500,000
-—
water
The
rev¬
enue
bonds scheduled for Feb.
—v.
167,
p.
699—has
celled.
been
19
can¬
\
••
Springfield Township Sch. Dist.,
(P. O. Chestnut Hill, Phila¬
delphia 18), ,Pa.
Bond 'Offering—Walter Rigling,
Secretary of Board of School Di¬
rectors, will receive sealed bids
until 8 p.m. (EST) on March 2 for
Dated
March 1, 1948. Denom¬
$1,000. Principal and in¬
terest (M-S) payable at the Cen¬
ination
tral
Hanover
New York
vited to
Bank
City.
name
&
are
rate
a
of
Co.,
in¬
are
the rate of interest
which the bonds
must
Trust
Bidders
be in
to bear. The
multiple of V4
1%, and must be the
for
same
all of the bonds. The bonds will
'be awarded to the bidder
^offering
to take them at the lowest rate of
interest at a price of not less than
par
and
.accrued
interest.
The
purchase of $100,000 'coupon
improvement bonds. Dated March
purchaser will be furnished with
1, 1948^. Denomination $lr000. Due
Washburn,
the
$5,000
1968
to
be
on
Sept.
inclusive.
to
from
1
Rate
expressed in
y8 of 1%. Bonds
as
OREGON
enter
Northampton Borough Municipal
Authority, Pa.
•
election
Imminent—The
expected
of
were
(State of)
capital market in March with
offering
and accrued
quired.
Ohio
as
,
terest.
District
1 %. - Interest
follows:
No.
Offering—Walter R. Har-
net interest
$750,000 relief, sanitary and storm
sewers
next
pay¬
Bank
'
$1,677,000
limited tax bonds offered on Feb.
13—v. 167, p. 594—were purchased
'by . a
syndicate
composed ; of
'
J. A.
was
Farmers
The
8 p.m. on Feb. 28 for
the
purchase of $35,000 coupon school
xmds; ■'
■
• '•
•;
'
••
55
-
.
County Treasurer, is required.-
the
tung, Clerk of Board of Educa¬ National Bank, Chicago, City Na¬
tion, will receive sealed bids un-x tional Bank & Trust Co., Kansas
till -noon
(EST) on Feb. 28 for City,
.and
Small-Milburn
Co.,
the Jpurchase
of
$185,000.. 3% jointly, for $154,000 2s; $154,000
building bonds.
Dated March 15, 2%s, and $192,00023/4s, at 100.0004.
1948. " Denomination $1,000.
Due
Ponca City, Okla.
>
'
on
Sept. 15', as follows: $7,000 in
; Bond Sale—The $300,000 elec¬
1949 and 1950; $8,000 in 1951; $7,tric plant extension and improve¬
000 in U952; $8,000 in 1953; $7,000
ment bonds offered on Feb. 16—
in 1954; $8,000 in
1955; $7,000 in v.
167, p. ,699 — were purchased
1956; $8,000 in 1957; $7;000 in
by the Security Bank, of Ponca
1958; $8;000 in
1959; $7,000 in
City. Due serially from 1951 to
I960; $8,000 in 1961; $7,000 in"
1955 inclusive.
/ !
1962; $8,000 in 1963; $7,000 in 1964
and 1965; $8;000 in 1966; $7,000 in
Perkins, Okla.
1967;:. $8,000 iri 1968;. $7,000 in
Bond Offering — Howard
H.
1969;$8,000 'in-1970, and $7,000 Warren, Town
Clerk, will receive
from 1971 to 1973, all inclusive.
sealed Bids until 7:30 p.m. (CST)
for the purchase of
aewer,
at
Oct.
on
inclusive.
from 1966 to
„
Bond
1958
t
Deyo,
Village Clerk, will receive sealed
,
of
the Farmers
l%s.
Dated
Principal and interest million. The bonds will be sold
(M-N) payable at the Chase Na¬ to the
highest bidder/ at not less
tional Bank, New York. The next
than
par
and
accrued
interest.
highest bidder was Phelps, Fenn The
purchaser shall pay for the
& Co., McDonald & Co.,
Hemp¬ cost of printing the bonds.
The
hill, Noyes & Co., Reynolds & Co.,
proceedings- connected with the
C. F. Childs & Co., Roosevelt &
issuance of the bonds have been
Cross, F. S. Smithers & Co., and taken' under the
supervision of
Campbell, .. Phelps & Co., jointly Squire, Sanders &
Dempsey, of
for 2y4s, at par.
Cleveland, whose approving opin¬
ion will be furnished by the Board
Jefferson, Ohio
of Education, at the Board's ex¬
C. W.
Cornell, Village Clerk,
pense.
These
bonds
were
au¬
will
receive f sealed
bids
until
thorized ut the general election
7.30 p.mv (EST) on March 1 for
in Nov., 1947.
A $3,000 certified
the purchase of $46,000 not to ex¬
check, payable to the Board of
ceed 6% interest water and sewer
bonds. Dated March 1, 1948. De¬ Education, is required.
nomination $1,000. Due on Dec. 1
OKLAHOMA
t
as
follows: $3,000" from 1950 to
Enid, Okla.
1955, and $2,000 from 1956 to 1969,
Bond Sale—The $500,000 water
all inclusive.
Rate of interest to
distribution system bonds offered
be in multiples of y4 of 1%.
The
inclusive, and $120,on
Coffin
inclusive.
%
'
1949 to
Feb. 17—
2V4s, at a
price of 100.15, a basis of 2.235%.
Dated March 1, 1948.
Due serially
on
March 1,; from 1950 to
1969
both
.
Co.,
both
dent
,
on
p.
Burr, both of
York, Schoellkopt, Hutton &
Pomeroy, of Buffalo, Hornblower
& Weeks, and R. D. White &
Co.,
Breed & Harrison, and the Provi-
,
$1,200,000
New
793—were awarded to
p.
-
594—were purchased by
syndicate composed of Shields
v.
i—v. 167,
The
—
school bonds offered
quired.
Bond
City School District, O.
Sale
;
to
until
Bond
City Treasurer's office.
Bond
>
$680 payable
Treasurer, is re¬
1949
Shreve.
Due serially on Sept. 1,
1973 inclusive.
Columbus
City, will be furnished;
A certified check for
from
able
1949 to
16, 1948. Principal
interest .-(M-N)
payable at
by
Principal and interest (A-O)
Dated March
The approving opin¬
'& Pershing, of
Feb. 16—v. 167, p. (698—
of Shreve, -as
1, 1948. Due serially
Jan.
1958 inclusive.
from
.
Mitchell
New York
'
of
less than
purchased
Bank
50,000 health and safety center
building fund No. 1 bonds, as
all of the bonds will be
entertained.
•
rates,
bonds
for
bid
accrued
less than
of
amount
rate.
and
par
•
more
bidder
name
on
,
•
each
The $10,000 un¬
truck bonds of¬
—
tax fire
-
100„000 street improvement fund
No. 2 bonds, a§ 3s. Due se¬
rially on Sept. 1, from 1949
bonds
(having the
maturities) and another
-rate for the balance, but no bid
may
Sold
were
clusive.
earliest
•;and
Shreve, Ohio
;
fund No. 4
(895)
bonds.
lated to provide for the payment
of an equal amount of both
equipment fund No. 10
bonds, as 3s. Due serially on
Sept. 1; from 1949 to 1958 in¬
clusive.,
\
'
100,000 .motor vehicles and motor
'
14 of 1%.
one
inclusive..
to 1953
quested to name'the interest rate
rates in multiples of
treatment works $300,000,000 Bonus bonds approved
ry the voters at the Nov., 1947,
Sept. 1, from 1949 general election. The bonds are to
on
177,000 parks, playgrounds, recr
:'{reatiom -buildings,!. facilities
ing coupon bonds.
Dated March
1,
1948.
Denomination
$1,000.
Due on March 1, as follows: $8,<'000 in 1949 and 1950,. and
$9,000
tin 1951
and, 1952.
Principal and
interest (M-S) payable at New
vYork
City.
Registerable
as
to
•principal only;' Bidders are re¬
or
CHRONICLE
rv?'1 fund No. 4 bonds, as 2V4s. Due
yfor the purchase of $34,000 not to
"exceed 6% interest.school'build¬
Each bid
FINANCIAL
.500,000 sewage
sealed bids at his office-in Raleigh,
11 a.m.' (EST).. *:on Feb. 24
; until
-
&
a
are
of
1949
to
interest
multiple of
registerable
the
order
of
the
District
be approved by
&
Townsend, Elliott
Munson of Philadelphia.
Reed,
Hoyt .&
York City,
New
ing obligations of the County. A
certified
check
for
2%
;of
the
amount of bonds bid
to the
for, payable
County, is required.
Union
County,
District
check for 2% of the bonds bid for,
payable to
of
of
that the bonds are-valid and bind¬
principal only. A certified
Treasurer, is required. Legality to
opinion
.
Bond
Union
Sale
—
The
pital bonds offered
v.
a
Hospital
(P. O. Union), S. C.
$500,000 hos¬
on
Feb.
16—
167, p. 595—were purchased by
syndicate composed of R. S.
Dickson & Co., of Charlotte, Rob-
56
Inson-Humphrey
Lane, Space
Savannah, and E. H.
of Charleston, at par, a net
interest
cost of
about 2.855%,
Co.,
nomination
$59,000 in 1953; $61,000 in
1954; $62,000 in 1955; $63,000
•
accrued
divided as follows:
Miller, S. Dak.
Sale—The $75,000
on
•
*
bonds
Feb. 9—v. 167, p. 699—
$17,000 from 1952 to
$18,000 from 1955 to
$19,000 from 1958 to
1960; $20,000 in 1961 and 1962;
$21,000 from 1963 to 1965;
$22,000
in 1.966 and
1967:
$23,000 in 1968 and 1969; $24,000 from
1970 to 1972, and
1954;
follows:
1957;
•
distribution sys¬
electric
Due
serially
tem
bonds.
Jan.
1, from 1951 to
on
1963 in-
elusive.
-
water
30,000
bonds.
and sewer
all inclusive.
300,000-street improvement
$25,000 in 1973,
Jan. 1, from
1951 to 1963 inclusive.
serially
Due
on
bonds. Due on
Dated Jan.
1, 1948. Interest pay¬
able J-J.
lows:
-
1950
to
1954;
$11,000
1955
to
1959;
$12,000
to
1964
to1967; $14,000
1971, and $15,000
A.
from 1968 to
,
.
;
Bond
'.:.y
Offering
Details
$100,000 not to exceed 4%
water works revenue
—
The
and general
cbligation bonds to be awarded on
Feb. 27 will mature on March 1,
a's follows:
$1,000 from 1951 to
iricl.; $2,000, 1955 to 1958,
incl.; $3,000, 1959 to 1962, incl.;
54,000, 1963 to 1966, incl.; $5,000,
1967 to
1970, inch; $6,000 from
1971 to 1973, inch, and $22,000 in
Bonds
maturing from 1965
in¬
all
playgrounds and
parks,
250,000
recreation bonds. Due on
July
1,
as
follows: $8,000 from
1949 to 1953; $9,000 from 1954
'/// to 1958; $10,000 from 1959 to
1963; $11,000 from
1964 to
1968, and $12,000 from 1969
"
to
all inclusive.
1973,
and system
bonds. Due on July 1, as fol¬
lows: $5,000 in 1949 and 1950;
$6,000 from 1951 to 1959; $7,000 from 1960 to 1966; $8,000
170,000 electric plant
of Spooner & Quarles, of Milwaukee,
along with executed bonds, will
Prin¬ be furnished the successful bid¬
be in multiples
to
rates may be specified.
cipal and interest payable at the
State
Treasurer's
office.
The
pon
than par and
interest to date of deliv¬
be accepted.
Interest
certified check for 2%
the bonds bid for must accom¬
at
On that occasion,
construction bonds was pur¬
000
recently by the Central
Investment
Co.,
and Rauscher,
Pierce & Co., of San Antonio, as
follows: $36,000 as 21/>s, maturing
chased
on
March 1, $2,000 in 1949; $3,000
1951; $4,000 from 1952
in 1950 and
1955 and 1956;
$6,000 in 1957; $34,000 as 3s, ma¬
turing $6,000 in 1958 and 1959;
$7,000 in 1960 and 1961; $8,000 in
1962, and $230,000 3y2s, maturing
$10,000 in 1963; $12,000 from 1964
to 1966; $13,000 in 1967 and 1968;$14,000 in 1969 and 1970; $15,000
in 1971
and 1972; $16,000 from
1973 to 1975; $17,000 in 1976 and
1977, and $18,000 in 1978. Dated
March
1, 1948. Bonds maturing
to
1954; $5,000 in
in
1967 to 1972,
1954 to
and $9,000
1968, and $5,000 from
1969 to 1973,
all inclusive.
50,000 bridge bonds. Due $2,000
on
July 1, from 1949 to 1973
inclusive.
Dated
march
1948.
16,
Denom¬
interest sewer¬
extension, 1948 coupon bonds.
Dated Feb. 1, 1948. Denomination
age
$1,000. Due on Aug. 1, as follows:
$130,000 in 1952; $135,000 in 1953;
$145,000 in 1954; $150,000 in 1955;
$155,000 in 1956; $160,000 in 1957
and 1958; $165,000 in 1959; $170,in
000
1961; $175,000 in
1960 and
$180,000
1962;
$185,000
1963;
in
$190,000 in I960,
in 1964 and 1965;
bids,
and award the any Chicago or New York bank
bidder or bidders;) acceptable to the District and the
whose bid will reflect the lowest* bidder. Bidders are to bid one in¬
to
bonds
the
cost
interest
net
maturities
pal
to the districts.
specifying annual princi- j
bid
No
from |
different
above
described
those
will
be
considered.
Seagraves,
Bond
Texas
Sale—An issue of
$15,009
Co., of Dallas, as 4s, at par..
Nov. 1, 1947.
Approved as
gality by Dumas
Dated
to le¬
'& Heguenin of
Dallas.
VERMONT :
Burlington,
principal
Registerable as to
Vt.
Election—At an election
to be held on March 2 the voter?
will consider the following bond
sold to the bid¬
The bonds will be
offering the lowest single rate
and agreeing to pay
der
of
interest
par
and accrued int., and if two or
bidders offer the same low¬
interest the bonds will
awarded to the bidder offering
more
est rate of
highest premium. The anprov-
the
ing opinion of Chapman & Cutler,
of Chicago, will be furnished at
the
of the District,
expense
able to
Bond
offered
—were
don
&
and
unconditional. A
all bids must be
$50,000, pay¬
the District, is required.
for
check
certified
Portage, Wis. <
Sale—The $190,000 bonds
Feb. 17—v. 167, p. 796
on
awarded to Harley, Hay-
Madison, as 2'/2S,
Co., of
price of 100.894, a basis of
about 2.391%. Sale consisted of:
at
.
Bond
a
$115,000 refunding cemetery association deposits bonds. Due
on March 1 from 1949 to 1968
/•/%;:/•
issues:
be in multiples of
terest to
1%.
in¬
Va of
of the bonds. Rate of
or- none
be
Taylor, Texas
%
which must be for all
rate
terest
only. No bid for less than par and
accrued interest will be accepted.
park bonds was purchased re¬
cently by the Central Investment
Antonio, announces
1948 and con¬
$969,000 sewage disposal plant
sist of $999,000 23/4s, due serially construction;
$400,000 municipal
on March 1 from 1949 to 1958 in¬
airport; $225,000 schobl and $120,clusive, and $801,000 3s, due on garbage disposal truck purchase
March 1 from 1959 to 1963 inclu¬ bonds.
sive.
Principal and interest (first
Rutland, Vt.
coupon March 1, 1949) payable at
Bonds Voted—At an election to
are
the
for
1
not to exceed 6%
the
sider
of San
ing of $1,800,000 23/4%
schoolhouse refunding
all inclusive.
1973,
receive
March
purchase of $2,650,000
will
Secretary,
sealed bids until 10 a.m. on
and
$195,000 in 1967. Principal
blank.
It is the intention of t and interest (F-A) payable at the
Commissioners' Court to con¬ District Treasurer's office, and at
bid
the
1964 to 1978 are
Ranson-Davidson Co., Inc.,
(P. O. Madison), Wis.
Offering—Frank C. Blied,
Bond
Distiict
redeemable
Bonds Sale—The $150,000 school
on March 1, 1963, or any interest
improvement bonds offered Feb. j
payment date thereafter, at par 17—v, 167, p. 795—were awarded
and
accrued
interest. Principal
to the Texas. Bank & Trust Co.,
and interest (M-S) payable at the
of Dallas, at a net interest cost j
State Treasurer's office. Approved i
of about 2.99%.
Dated March 1,'
as to legality by Chapman & Cut¬
1948 and due on March 1 from
ler, of Chicago.
1949 to 1968 inclusive.
Bonds ma¬
turing on and after 1958 are call¬
Fort Arthur Independent School
able on any interest date after
District, Texas
Bonds
Publicly
Offered—The 10 years from date of issue.
from
Metropolitan Sewerage
District
the
previous offering on
the
11.
../■
;
Madison
county will furnish, without cost
to
/"
der/
purchaser, a complete cer¬
tified copy of all proceedings nec¬
of
pany
the bid.
Legality of the essary to the issuance of the
bonds has been approved by Van- bonds, the printed bonds duly ex¬
ecuted
and
registered, and the
dewater, Sykes & Hecker of New
final unqualified approving opin¬
York City.
These are the bonds
ion of Chapman & Cutler, of Chi¬
for which all bids were rejected
A
M-S.
public offer¬
and 3%
bonds at
100,000 fire station bonds. Due
prices to yield from- 1.20%
to
on
July 1, as follows: $3,000
2.90%, according to coupon rate
from 1949 to 1953; $4,000 from
and date of maturity.
The bonds
from
1954,
1974.
1973,
clusive.
-
interest
and
1972
in.
opinion will be furnished by bid¬
ders. A certified check for $2,000
required.
$13,000
1963;
1960
from
"
Catlett,
Town
Recorder,
will - receive
sealed bids until 1 p.m. (EST) on
Feb. 27 for the purchase of $100.,£00
not to exceed 4%
interest
water works revenue and general
cbligation bonds. Dated March 1,
1948. Denomination $1,000. Bonds
numbered 33 to 100 are callable
on March
1, 1964, in inverse nu¬
merical order, with accrued in¬
terest'and
premium of $15.00
each. Printing of bonds and legal
is
1949; $10,000
$9,000 in
from
,
y/' from
White Pine, Tenn.
Offering—C.
July 1, as fol¬
from
;
TENNESSEE
Bond
interest
Vi of 1%. Not more than two cou¬
will
ery
1951;
:
$15,000
from
of
Feb. cago. It is understood that the
the maturity county will deliver the bonds to
1970; $84,000 in 1971; $85,the purchaser within 60 days from |
schedule called for the retirement
000 in 1972, and $87,000 in
All bids shall be
of bonds at the rate of $150,000 Feb. 24, 1948.
1973.
unconditional .and the Commis¬
annually from 1949 to 1968, inel.
sioner's Court reserves the right
500,000 water plant and system
La Grande Indep. School District,
bonds. Due on July 1, as fol¬
to waive any irregularities and to
Texas
lows:
$16,000 from 1949 to
reject any and all bids. All bids
Bond Sale—An issue of $300,- must be submitted on the uniform
in
purchased by Kalman & Co.,
Minneapolis, as 2%s, at a price
100.60, a basis of 2.684%, as
cf
$78,000 in 1967; $79,000 in
1968; $81,000 in 1969; $83,000
<
were
c?
$68,000 in 1960; $69,000 in
1961;; $71,000 in 1962; $72,000
in 1963; $74,000 in 1964; $75,000 in 1965; $77,000 in 1966;
h
SOUTH DAKOTA
Bond
000
*
$175,000 as 3s, maturing $25,000
f:om 1966 to 1972, all Inclusive.
$64,000 in 1957; $65,in 1958; $67,000 in 1959;
in 1956;
v
De¬
No bid for less
incl.
Monday, February 23, 1948
CHRONICLE
Due $200,000
1949 to 1963,
$1,000.
1
March
on
FINANCIAL
Dated March 1, 1948.
bonds.
July 1, as follows: $55,000 in
in 1949, $56,000 in 1950; $57,000 in 1951; $58,000 in 1952;
& Co., of
Pringle &
$114,000 as 3s,
maturing on March 1, $15,000 from
1949 to 1952; $18,000 from 1953 to
1955; $120,000 as 2%s, maturing
$20,000 from 1956 to 1961; $91,000
.as
2%s, maturing $22,000 from
1962 to 1964; $25,000 in 1965, and
school bonds. Due on
$1,750,000
Co., of Atlanta,
Johnson,
cffered
&
THE COMMERCIAL
(896)
dated March 1,
/
.
inclusive. Callable in inverse
10 years, at par
interest, plus one
after
order
and accrued
;.'y
year's interest.
75,000 refunding
fund
bonds. Due on
from
1949
Callable
to
in
.
/
debt to pension
1968
March 1
inclusive.
order
inverse
in in¬ ination $1,000. Aggregate princi¬
after
10
years,
at par and
March pal maturities of the bonds are the Merchants NationalBank,
accrued
interest,
plus
one
be held on March 2 the voters
1, 1965, at par and accrued inter¬ as follows: $98,000 in 1949, $100,Port Arthur. Legality to be ap¬
year's interest.
will
consider
the
issuance
of
000
in
1950,
$102,000 in 1951, proved by Vandewater, Sykes &
est plus a premium of $15.
Additional Sale — The $71,000s
$959,000 water bonds.
$104,000 in 1952, $105,000 in 1953, Heckler of New York, and the
bonds offered at the same time
TEXAS
$109,000 in 1954, $112,000 in 1955, Texas Attorney General.
Rela¬
WASHINGTON
were purchased by the City Bank
tive
to
the offering, the
bond
Andrews County (P. O. Andrews), $113,000 in 1956, $114,000 in 1957,
and the First National Bank, both
Entiat, Wash.
Texas.
$113,000 in 1953, $119,000 in 1959, house states as follows: "On Sept.
of Portage, jointly, at par, as fol¬
Bonds Sold—The $55,000 water
$122,000 in 19.60, $124,000 in 1961, 27, 1947, Port Arthur Indepen¬
Bond Sale—An issue of $950,000
lows:
' /% y/ /_
$126,000 in 1962, $128,000 in 1963, dent School District voted an issue company purchase revenue bonds
road bonds was purchased by Wil¬
authorized by the voters in Sep- j $55,000 refunding temporary loan
of $3,800,000 Schoolhouse bonds,
liam N. Edwards & Co., of Fort $132,000 in 1964, $133,000 in 1965,
bonds as 13/4S. Due on March
tember,
1947,
have been pur¬
Worth, subject to the election to $136,000 in 1966, $138,000 in 1967, $1,500,000 of which were sold as
1 from 1949 to 1958 inclusive.
chased by Fordyce & Co. cf Port¬
$141,000 in 1968, $145,000 in 1969, 2y2 % bonds to the State Board of
l:e held on Feb. 21. y
land.
%
16,000 fire department equip¬
$148,000 in 1970, $149,000 in 1971, Education of Texas. The balance
Austin, Texas
Pascox Wash.
ment bonds as IV2S. Due on
$151,000 in 1972, and $155,000 in of $2,300,000 bonds were refunded
Bond Offering
Guiton Mor¬ 1973. Bidders to name the rate or
Bids Rejected—All bids for the
March 1 from 1949 to 1953 in¬
into
23/4%
and 3%
Refunding
clusive.
gan,
City Manager, will receive rates in multiples of Vs of 1%. bonds and $500,000 of the 23/4% $200,000 not to exceed 6% interest
water
revenue
bonds
olfered
sealed bids until 10 a.m. (CST)
The entire four issues of bond
No bid having more than three
bonds
were, purchased
by the
cn
March 4 for the purchase of rates of interest will be accepted.
Feb. 18—v. 167, p. 700—were re¬ bear date of March 1, 1948.
State Board at par resulting in
53,120,000 not to exceed 3% inter¬ No bid of less than par and ac¬ this offering of $1,800,000 23/4% jected.
Highest bids included
Tomah, Wis.
est coupon bonds as follows:
offer of a 3.23% net interest cost
crued interest will be considered.
and 3% Refunding bonds."
Bond Offering
Ethel Sowle
by Paine-Rice & Co., and 3.28%
These bonds were authorized at
City Clerk, will receive seale
a
special election held May 7, Refugio County (P. O. Refugio), by William P. Harper & Son & bids until 7:30 p.m. (CST) on Feb
Texas
Co. Bonds are to mature in from
1946. Specific maturities of each
24 for the purchase of $440,00
Bond
Offering
T. G. Jeter, 2 to 20 years, with the last matur¬
issue is shown in the prospectus
21/2% sewerage utility mortgag
Special Sestti-Gwuial
County Judge, will receive sealed ing $25,000 bonds to be callable
prepared by the City and is avail¬
bonds. Dated Sept. 1,1947. De
for the NEW
bids until 10 a.m. (CST) on Feb. on any; interest date after one.
able to all interested persons upon
nomination $1,000., Due on Sept
24 for the purchase of $825,000 not year from date of issue and the '
request. The bonds will be regisIMARCH 80-PAGE FOLIO OF
to exceed 4% interest bonds, di¬
entire issue being subject to call i 1, as follows* $5,000 in 1948'an
terable as to principal only. Prin¬
1949, $6,000 in 1950 and 1951, $7,
vided as follows:
on
; ;
:
any interest date after seven
cipal and interest (J-J) payable
000 in 1952 and 1953, $8,000 ir
at the City Treasurer's office or $600,000 District No. 6 bonds. Due years from date of issue. >
1954 and 1955, $9,000 in 1956 an
Feb. 1, as follows: $23,000 in1
at the National- City Bank, New
1
WISCONSIN
1957, $10,000 in 1958 and '1959
York City. The approving opinion
1949, $32,000 in 1950, $33,000
The nationally used
$11,000 in 1960 and 1961, $12,00
City of New Richmond and the
in 1951, $34,000 in 1952, $35,graphs that picture latest of Wood, King & Dawson, of New
in 1962 and 1963, $13,000 in 196
21 months dynamic mar¬
Towns cf Stanton and Star
000 in 1953, $37,000 in 1954,
York City, and the transcript of
and
ket
action with photo¬
1965, $14,000 in 1966/an
Joint School D 'strict No. 1
the record as passed will be fur¬
$38,000 in 1955, $39,000 in
graphic precision
:
:
1967, $15,000 in 1968 and ; 1969
(P. O. New Richmond),
nished to the successful
1956, $40,000 in 1957, $41,000
Unique individual charts
bidder
$16,000 in 1970 and 1971, $17,00
Wisconsin
for
303
leading stocks
in 1958, $43,000 in 1959, $44,without cost to him. The City will
in 1972 and 1973, $18,000 in 197
that highlight weekly
Bond Offering — H. T. Soder000 in 1960, $46,000 in 1961,
also pay the cost of printing the
ranges against back¬
and 1975, $19,000 in 1976 and 197
bonds. Delivery of the bonds will
$57,000 in 1962, and $58,000 in berg, District Treasurer, will re¬
ground of essential data
$20,000
in
1978 to
1981
ceive
sealed bids until 8 p.m. and
1963. Enclose a certified check
Earnings, Dividends,
not be later than April 10, 1948,
Bonds maturing on or after Sep
Trading Volumes, etc.
for
$12,000, payable to the (CST) on Feb. 27 for the purchase
at the City Treasurer's office. A
continuous .publication.
Thirteenth
year
of $100,000 2%
County Judge.
>.
general obliga¬ 1, 1963, will be redeemable on 0
certified check for $62,400, pay¬
after that date at 102% par, plu
Send $2 NOW for Folio CF-223 (regularly S3)
225,000 District No. 2 bonds. Due tion bonds. Dated March 1, 1948.
able to the City, is required.
accrued interest./Approving opin
$15,000 on Feb. 1 from 1949 Due March 1, as follows: $2,000
ion of Lines, Spconer & Quarle
Harris County Flood Control Dist.
I To: Securities Research Corp, 141 Milk St. I
to
1963,
incl.
A certified in 1949 and $7,000 from 1950 to
of Milwaukee, will be furnishe
(P. O. Houstnrx), Texas
check for $4,500, payable to 1963 inclusive. Callable at par and
| Boston 9, Mass'. I enclose $2 for Folio CF-223
Bond Offering—H. L. Washburn,
The successful bidder shall pa
to
1974, inch, are callable;
numerical order, on
verse
'
.
—
.
—
—
m [HARTS $2
on
,
| Name..
a
Street.....*............v.......
— »V
order of the
Auditor,
County
sealed
on
bids
March
$3,000,000
5
until
for
will
receive
11 a.m. (CST)
the purchase of
3%^ series
B of
1948
County Judge, is
All
Feb.
of
the
1, 1948,
date after
Interest M-S. A
certified check for $5,000 is re¬
quired; Legal opinion of Lines,
accrued interest on any
March
required.
bonds
are
dated
Interest F-A^Rate
1,
1954.
for
the
certified
quired.
printing of the
check
-
-
bonds,
$5,000 is
for
~
re
@FedFRASER