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•
ADM.
LIBRARY
Reg. U. S. Rat. Office
Volume
163
Number
New York, N.
4467
General
RAILROAD
-
Y., Monday, February 25, 1946
Price 60 Cents
a
Corporation and Investment News
PUBLIC UTILITY
528,760.
the
D.
W.
annual
Figgis,
President,
INSURANCE
-
stockholders
.told
?eb?*"l5
on
in
CONSOLIDATED
"...
$14,519,443
dividends
preferred stock, 1945 earnings; equaled $4.23 a share
of common stock against $4.30 for 1944,' Which was after a special
appropriation of $1,000,000 for postwar and other contingencies.*;
The
a
attributed
the "difference
under OPA ceilings
reduction
the
in
fees
with
by; special
earned
company's
stilt frozen,
.made
no
before
contract
INCOME
STATEMENT
v'
'
FOR
YEARS
1945'
price
arrangement
-
selling prices
Cost
wartime' subsidiaries
'
■
sales,--after -discounts
of
sales
and
and
allowances^—«
selling, gen. and adm. exps.
Balance
Other
which
income
<'
Consolidated
at
the beginning of 1946 were
cover increased labor costs can be
increases to
Januarys
Net
in
earnings to frozen selling
increases, in the cost* of: labor, and
.stopped production after V-J Day.
Since
'<•<'
on
report
prices
to
MISCELLANEOUS
-
Net income was $13,341,614 for the year as com¬
in 1944, the report disclosed,-^ After deductions
report.
pared with
for
INDUSTRIAL
-
Interest
Plant
1947, Mr.' Figgis reported.
"The company's
with customers," he explained, '/"provides .that
and
income
exchange.
retirements,
etc,
Stock and Bond Quotations
York
New
Stock
New York
New
Exchange
(Stocks).
Stock Exchange
York
Curb
Exchange.,
.
Detroit
...............1057
...........1058
Exchange—
Stock Exchange.
Stock
1057
r.
Chicago Stock Exchange.Cincinnati Stock
1052
*...1057
..
Baltimore Stock Exchange
Boston Stock Exchange...
Cleveland
.1037
1048
(Bonds)
....._.__..;_1058
...1059
Exchange..
Los Angeles Stock Exchange........
Philadelphia
Pittsburgh
Stock
Stock
Exchange
Montreal
Stock
Curb
l.1060
—1060
.
St. Louis Stock Exchange
Montreal
1059
Exchange.....
l.l.,;..1060
.
Exchange...—1062
Exchange.....,—._..l.-;___1063
Toronto
Stock
Exchange....1—1060
Toronto
Stock
Exchange—Curb
Over-the-Counter Markets
1062
Section
~...--«u--h.1065
Transactions New York Stock Exchange_..1064
Transactions New York Curb Exchangei^^l064
Stock and Bond Averages,.:....-..--—.—4-106$
Miscellaneous Features
General Corporation and Investment News.1021
State and City Bond Offerings and Sales—1079
Municipal Bond Sales in January.1082
Redemption Calls & Sinking Fund Notices_1067
Declared and Payable.
..1070
Dividends
The Course of Bank Clearings
.—1066
—
.————-—.'...1067
Foreign Exchange Rates
Combined Condition Statement of Federal
—....1067
Reserve Banks
Condition Statement of Member Banks of
Federal
System.....
—.*...1067
Capital Flotations for January..
—1068
:
Reserve
January...11.'.^........^ 1077
Civil Engineering Data...—..—: 1077
Bank Debits for
January
U. S. Savings Bonds Issued and
Redeemed Through Dec. 31... 11'....—. 1076
price Increases
Jan.
1.
Our
to oover increased labor costs
of
type
contract has
and
relations
customer
;
its
long
been
advantages
can
both
a
made only on
of satisfactory ,f;
be
source
to
and
customers
the
have and will continue to outweigh the temporary problem
imposes."
•
• •
*
'
.
,
....
--•.Mr. Figgis reported that provision is being made for new facilities
to keep pace, with indicated expansion-of -the business.'
Capital ex-
,v
company
.
t
^
;,
$ penditures
in 1945 were comparable to prewar < averages, amounting
$10,383,493 compared ■ with $5,461,498 in- 1944, and would have;;
been* larger^except for continued ■ restrictions and material shortages,
according to the report. ■, The company's plans - for sequence
and
—timing of new construction, of which five major projects have already,,;;
to
>
4 been announced, contemplate
,j
*"»The'4ong-ra.ige
4"container
no outside financing, the report
outlook -is for continued and
Mr.. Figgis ;asserted./-
markets,
Need
substantial
growtl>,^
a
for .containersr4%th$f^
^'greatest in the history of the industry," he said. ,t But no pperyhe ).<
-^cautioned; can nqw do more than( guess as to the final effect^^®, ?'
*?.
country-wide strikes on the year's industrial accomplishments.
■jii
.
#
;
.
"■
electronics
t
-
.CtairrUl
?
1 WPBWggggfc
1
1
v;;.v
S
i.
:
new
york stocks, inc.
.•
DIVERSIFIED
rails
1 INVESTMENT FEND
industrials
*
h
Kobbe, Gearbart
'
INCORPORATED
Members
•
—47—'
New
York
Security
Dealers
Telephone
>
prospectus on request
HUGH W.
Association
45 NASSAU STREET, NEW FORK 5
r REctor 2-3600
\
Company
Philadelphia Telephone
Enterprise 8015
Bell Teletype
New York »-B7«
LONG and COMPANY
INCORPORATED
48 WALL STREET
634 SO. SPRING ST.
NEW YORK 5
LOS ANGFLES i*
Copy
"
of
distribution
15
last
In
year
MarcK
stock:
'
162, p. 2633.
cents.—V.
40
.
Feb. 14 declared an extra
usual semi-annual dividend
on
npr
31—
Period End. Oct.
$
Subsidiaries—
Federal
Other taxes
10,484,005
(net)——
10,320,846
101,726
42,986,850
39,384,791
381,426
989,024
527,134
6,003,739
21,846,739
23,139,963
5,264,753
Br25,168
4,467,544
BALANCE
NOV.
SHEET.
1945
30,
by
16,232,377
funds
—V.
16,708,701
161, p. 763.
Beldtingr Heminway Co.—Annual Report1945
Calendar Years—
1944
I
discounts— $14,097,100 $15,236,895
of sales, exclusive of depreciation-;.11,363,220
12,279,51ftSelling,: general and administrative expenses—
1,452,207
.1,554,274 r
Sales, less returns/allowances and
47,840
24,484
-
12,214
:
NOTE—For
possible
//: /;'• y.
».
Exchange states
for prepayment
preferred stock redemption, price of $55 a share; plus accrued
dividend of 25 cents, to the redemption date of April 1. 1946. Transfer,
books will be permanently closed after the close of business on Feb.
26 and the stock wilP be suspended fromi dealings- after the close of
trading on Feb. 26.—V. 163, p. 137.
the
Cost
16,207,893
4,455,330
3,895,426
sub.—-
of
income
1 :/•
;
in.
of co,
equity
Net
.
1,536,195
12,156
nority interests——
Preferred Shares—
corporation in a^ notice to .the New York Stock
will, be available on: and after March 2
The
of
2J,13y,963
6,431,262
applicable to mi¬
Portion
29,980
loan: for employees' victory loan subscriptions, ;
$120,000 victory loan bonds, $104,000; accounts payable.;
sales taxes, pay roll tax deductions, etc., $24,136; reserve
fcr government taxes,
subject to final determination by taxing au¬
thorities
(after prepayment of $250,000). $81,753;
accrued charges,
wages, etc., $34,422; dividend on preferred stock, $15,143; dividend on
common stock, $7,495;.' employees' benefit reserve, $183,087;
contingent ft
reserves. $49,549; advertising reserve, $10,000; 7% cumulative preferred^
shal'es
($100
par), $865,300;
common
shares
(100 par), $749,500;
capital surplus, $74,600/ earned surplus, $725,052; deferred surplus,
(refundable portion of excess profits tax), $125,912; total, $3,249,918.'
been called for re¬
share and accrued dividends. These rep¬
resents all remaining preferred shares outstanding: •; Fund3; required;
for the redemption will be taken from the treasury of the company.
21,871,907
5,639,530
6,003,739
3,907,582
——
—
60,5711' ■'
.
{LlABILXTIES-^-Bank
demption on April 1 at $55 a
{ Br25,168
*
5,289,921
1,382,339
public—
to
?j;,'
■ and :adm;. 'expenses;
fExclusive of ex*iC
27^ paid subsequent year, ?"""l;».-/?:■ -V?
*
.
secured
total of 243,711 shares of preferred stock have
A
16,099,120
20,979,624
that
—t—-———
diva.
Atlas Corp.—Calls 243,711
367,207
'-—•
Balance
v.',.
43,815,387; 39,766,217
405,987
-
Balance
♦Pfd.
appointed-
New York, N. Y., has been
stock, par $1,
■
<
$126,206
ASSETS—Cash on hand^-arid in'bank,l$110,502; investments-^-goverri-''
ment bonds, etc., $805,994; accounts and bills receivable, less reserve
for doubtful accounts. $476,266; balance of employees' subscriptions to 7:
victory loans secured (subject to bank loan as per contra),:. $113,294;
inventories less-.reserves
(including reserve'permitted by the. excess
profits tax act), $609,353;:goodwill and trade marks, $1; real estate/?
plant, machinery, equipment and office furniture (after reserve for de¬
preciation of $2,346,830), $926,629; deferred charges, $81,967; refund¬
able portion of excess profits tax,, $125,912 ; total, $3,249,918.
•
;
Corp.—Transfer
Research
&
Manufacturers Trust Co.,
The
4,051,626
reservations of net
income
Engineering
transfer agent for the capital
10,422,572
•
Balance
Associated
6,959,138
(net)——
Amort, of plant acquisi¬
tion adjustments——_
deductions
Misc.
13.1
-
;
..
482,634!
i
—————
—„_—
manufacturing selling.
{ ♦After
Agent—
12,629,878
income——-—-
,
461.
p.
?:$60ai846
$200,570;
public and other
to
828,537
163,
—V.
18,710,458: 23,921,466
9,852,048
.9,958,713
:
—
1
•"••:'Year
11,719,351
12,232,776
397,102
revenues-
oper.
Gross
2,919,308
approp.—
res.
Other income
Int.
2,577,693
__
retirement and
Property
deplet.
{/ Net
13,878,040
5,228,785
2,490,556
2-41/462
,——
quarter^
25,123,764
,54,—0,a69
—
—
profit-
tra dividend of
13.4
16.1
11.0
12.1
101,557,290 116,414,591
4th
140,742,532
53,065,745 55,758,211
20,37J,GV4. 23,655,843
28,031,006
38,896,831;
qqarter'-——-—i—-———I.
quarter
{
—r
vj:
:
5,642
$630,639
499,266
—
—$131,374
.Preferred,:.dividends ?—60,571!tCommon dividends—----w-L—i.—29,980
Net
% Inc.
$22,770,723 $25,830,911 "
quarter.
3rd
2,623,945
taxes
1st
2nd
17,005
7,143
profit and income_'_
Expenses
—^
I
1944
$586,193-
17,657
Total
reported by subsidiary companies for the fiscal year
1946, and sales for the preceding year are given below:
1945
.
Profit from sale of investments—;
Sales Up 13.1%—
1944
34,837,535 135,099,106
33,262,913
13,411,037
Operating revenues.—-—
Operating expenses—.
''
Incbme from.'sale of investments--...,—
Unaudited sales
ended Jan. 31,
1945'
$605,839
30—• /
♦profits
I,
cents; and: July 2* and Oct;
Associated Dry Goods Corp.—Year
& tight Co, (& Subs.)—Earnings1945—3 Mos.—1944'
1945—12 Mos. 19^4
$
American Power
7
.?;'■■.'
dividend of 10 cents
share and the
of 25 cents pei share
on the
capital stock, par $2.50, hath .payable April 1 to holders o
record March 1.
Previously, the company paid an extra dividend of
5 cents per. share each, six months;
payments made in 1945 totaled
60 cents per share.—V. 163, p. 894,
'
,
directors
Peh.
on
last, year were as follows: April 2, 15
25 cents each.—V. 157, p. 2443.
J.—Extra Div,
Co. of Newark, N.
American Insurance
The
Years Ended Nov.
declared a dividend of 25 cents per:
share and
an
extra dividend of 75 cents per share on the capital
stock, par $10,
both payable April 1 to holders of record March
15.
On Jan. 2, last, a distribution of 25 cents was made.;, Payments
directors
The'
'
Delding-Certicelli—Annual Report—^
Dividend:
American Wringer Co., Inc.-r-To Pay Extra
period from Oct,
stock on Dec. 15,
1945, the following dividends were paid on the common
15, June 15 and Sept, 15, 20 eonts each; and Dec. 15,
cents per share (covering the
1945) was made on the preferred
37Va
1945 to Dec.
15
Monday, i February 25, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
1022
order.
16,660,861
mechanical
reasons
it is not always
position
Depreciation
alphabetical
alphabetical
to arrange companies in ,exact
Howeverr they are always as near
possible.
as
85,445
•__
Operating profit
.Other income: ——:
84,449
$1,318,655
128,302-:
$1,196,227
/187,247
American Power &
'\'l
Light Co.—
of
equity
Net
(as
co.
16,704,160
413,750
2,239,950
V; 268,091
16,835,824
77,804
4,506,690
145,276
571,882
65,646
3,326,197
.3,723,886
13,782,369
13,675,82.8
159,397
.
Other income-
t
.
,
Expenses ...—-Int. and other deducts.
.
.
571,506
•
>
,
taxes—
Income
.
4,054,823
79,316
174,963
457.239
,
;
2,318,517
384.240
whether
requirements applicable to respective periods
unearned.—V. 163, p. 895,
•Pull dividend
:
earned or
"
$1,371,429
$1,436,453
Provision lor Federal income tax_
235,500
653,000
227,80ft
695,700
$482,929
$512^953
Net profit before Fed, taxes——
:
war
powder,
blasting
Dec.
Co.—Financial Report—
—
$13,788,999
w—/
596,137
i- —-----—7>891,100
and office)—:
——
/
1,639,485
(N. Y. City real estate)—
.
..
> 95,011
American Re-Insurance
bonds-
BtOCkS
Penicillin.
and
1
addition
In
-*
*
work done
the
to
\
w
——
Mortgage loans
its own plants and laboratories
in
~
V "
-
V"/
</,
■" *
/
p
/
*;/;/'
f J->•
-
/I
V'V"
'
- *
30,
i
" J'f
1946
Increase
1945
.
—
$25,410,978 $21,035,895
—
The' indictment
Federal
•
Sales
$4,375,085
Sales
\
radiotelephone
manufactured
was
The cost for
!
in
United
the
this
States
to
Norway
stations
will
stations
radio
be
weekdays and $9 on
Telegraph Co. will operate the
York, while at the distant end
New
operated
&
by the Norwegian Department pf :
Telecommunications.
-
'
1
1
The
$2.25
directors
share
per
holders
of
Feb.
on
the
on
capital
March
record
declared
20
Period End. Dec. 31—
1 1
""
,
stock,
Uncoil,
at
the
annual
rate
of
$9
including 1922
^
revenues—
income—:
oper.
income———u.—
—V.
■
'•
Gross
163, p.
r
war
*
The
11,709,168
140,243,986 134,986,199
4,554,043
53,609,635
2,557.782
40,042,433
23,865,323
163,165,614
70,200,337
894.
directors
the
on
stock
have
issued
declared
and
the
for
a
quarterly
outstanding
three
months
shares
ending
dividend
of
$5.50
March
April 1, 1046, to holders of record March 20, 1946.
j
of $1.37Vi per?
cumulative pre4
31,
1946,
payable
week
under
output
ended Feb.
the
1945.—V.
for
,
of
the
16,
1946 totaled 72.427,000 kwh., a decrease of 19.2'r;
89,552,000 kwh. for the corresponding week of
output
of
electric
163, p. 894.
,
I-
1
' -j/-/./'-
,{■'
•?:
.
•
•"
'■ - :
.
$6,888,721
'
payrqll
under
Total
s
31,
$39,821; reserve
$17,830.
1944,
31,
^
1944,
Dec.
interest,
63,104
accounts,
31,
1945,
,
14,324
5,846"
1,757,200
Dr209,081
200,000 /
1,757,20ft
JDr209,08i:
^1,341,092 X 1,341,09$ /
2,463,282
2,208,113,
$6,866,721
Dec.
f After deducting United States Treasury
'
5,153
-
-
31, 1945, $44,465/ Dec,
for discounts, Dec. 31, 1945, $14,449/ Dec;
doubtful
for
reserve
l?n.i64
$6,241,844
—
♦After
179,771
:
8,494
6,203
100,009
Capital stock (465,032 shares no par)——
SUklt held in; treasury (55,332 shares)-——
Capital {surplus —
Earned
surplus
^
,
-
•
—
-
'77,612
103,257
16,304
—
—
.
466,725'
237,059
—■
plari for
allqt.
for- contlnsencies-i
Reserve
*
$700.00ft
■
_
employees war bonds
Miscellaneous current liabilities
—'.1
'79,282,
62,998.
<■
•
$5,755,029
$5,559,156
$4,372,449
'%
•-
imyabie^--trade
withheld
AmtS;
34,222,17^
—■■■■'."
.
//
• {
Accounts receivable—•credit- balances—
$^5,024,002:$39,977,2^:
h.'..
■ „
$703,100
Dec.
Savings Notes and accrued
1944, $803,470.—V, 162;
31,
fully
to
amortize
$5,818,133
$5,638,438
761,263
$4,.435,447
pensions—________
prcv,
facilities
Interest
on
Fed, income
-'
686,578
-
—
.
etc.—-352,864 a /-I—1—
taxes—545,827.'
§ 124.282
and. cap.;
—I
'
,
dividends
Common dividends
-
*
Surplus
♦After
'$56v8?86.
debt
v
t!
$4.17
credit' of $212,000
retirement
post-war refund
additional taxes for prior years.
?
256,584
outstanding.—____
;fAfter
.
833,820
-
$523,112256.564
,
?
•
1C
~
'
9,441,280
12,404
9,953
10,442,215
6,®7a,3«ft
expenses
9,428,876 115,307,402
6.197,359
76,360,012
1,042,965
21,915,540
17,031,850
9,947,063
15.516,211
9,354,215
2,188,552
1,092,773
950,858
income
i-V. 163,
.
^
103,6^1,411
69,088.563
1,590,518
Net
1945—12 Mos.—1944 .
/ ^ > t ^
1 J r ♦» *'*
90,84ft
income-/
ft Net "oper/
•
>.
115,399,152 103,752,257
91,750
Operating taxes-/—-.;
19,059,637
p. 188.
Bendix Aviation
refund 'of
§Interest; Cri i:
-
CONSOLIDATED BALANCE SHEET, Dec.- 31,
*
10)442,168
$S.45r
.$5.28
of'$365,000.7v{|LOss.:
v%
•1,873,337
post-war
and
♦
Operating'; revenues-
t;
Operating
$560^28
256,564
'
1945—Month—1944
'j
'<
Operating •- revenues—
.Uncollectible oper, rev.-
832,820
.
" $$104,612 "
i_—
-
833,820
?
1 "A*
'
,
$1,415/178 i $1,690,917! $1,743,133,
(6%342,985
342,985 V
342,985
income
Period End: Dec/31—
.
—1—^'
/ 737,000 792,000
^2,315,974- ,t2,283,000
672,000
1,263,000
stk. taxes
"
Telephone. Co.,of Pennsylvania—Earnings—
Beir
—
»
Federal excess profits taxes-
-
-
1945
WilUatn
Gossetr
T.
-
'
{
;
fast
three
and
years,
j
Corp.—New Director—
Hubbard/
director. He has been the partner 1n
a* m^ber ^ the- law firm of Hughes,
5ind Ewing, -has been elected a
charge of Bendix' legal matters
'
•
"V ASSETS—Cash, $4,488,522; U. S. Govt, securities, $3,577,100;
-war refund of Federal excess profits tax, $702,762; accounts and
receivable
090;
properties
of
the
company
for
the
(after
cash,
reserve
receivables
of
and
$165,542),
other
$19,999;
depreciation
property,
and
plant
amortization;
and
(after reserve for?
$6,963,445; goodwill, pat-j
equipment
$13,459,977),
i
U. S. Govt.{cost-i
to
ents, etc., $4,052,682; deferred charges, $60,280; total,
LIABILITIES—Accounts
bilities
estimated
accrued
relating
on
to
payable,
$1,332,680;
$31,735,637.;
accrued
liability for Federal taxes on income,
preferred stock, $57,164; advances and
U.
a.
Govt,
cost-plus-fixed-fee
liabilities,-}
$2,553,099;f
contracts
other lia-,
(contra),'
$1,690,114; notes payable due 1950, $522,400; insurance,reserve, $273,-*
reserve for pension*, $578,973; reserve for contingencies, $709,024;?
cumulative convertible preferred stock
($100 par). $6,859,700;;
common stock (263,936 shares, no par), $8,797,875; capital and paid-in
surplus,
$1,037,710;. earned
surplus,
$7,092,183;
common' stock
in'
treasury (7,352 shares), Dr$203,299; total, $31,735,637.—V. 163, p. 774.
355;
5r.t
,
■{'
•
•
•■:;
was
which the firm has handled for that
named General Counsel in June, 1945.—V.'
>
I -./■/:/i/ift
■
•
Bendix Helicopter, Inc.—Stock
Registered with SEC
,
deceased, propose?
to dispose of 507,400 shares of rommon stock
(par 50 cents), accord-?
ing to a registration statement filed with the Securit'es and Exchange:
Commiss'on.
Mr.
Bendix, who died on March 27,
1945, founded
Bendix Helicopter and. incornovated it in Delaware on July 29.
1943r
'
^
?The
under
>.
$434,659;
895.
163* p.
inventories, $5,411,4
$4,071,129;
assets relating
post¬
note$
plus-fixed-fee contracts (contra),. $1,690,114; securities of unconsoli-)
dated
subsidiary company,
$698,514; miscellaneous investments
(at
dividend
'
American Water Works & Electric Co., inc.—OutputPower
■■
Net loss on abandonments,
eost),
ferred
w/
.
'
American Thermometer Co.-—Preferred Dividend—
share
•,
income
Frovision
1
40,482,089 171,640,228
16,565,488
44,584,796
.
(net)——
Common-shares
^
•t;
Net
Net
V
{Earnings per common share--—--
1945—12 Mos,—1944
"V. 1
-
-f
,.
tAccrued Federal income & excess proiifcs taxes
Taxes accrued' and withheld—other--—___
• -t
.
j'''
"
:
;
—
^ 1•
'•
'
18,820,993 233,896,054 229.051,859
revenues.
j •, *
■'
income
Preferred
17.635,433
expenses—13,711,565
taxes
Crl2,64I,620
Operating
Operating
^
Net" operating profit
Other
Net
13,901,723 234,518,125 229,997,894
80,730
622,071
940,035
revenues—,
oper.
Operating
par
V'
'
'
s
17,675,634
40,201
Operating
r
181,285
$332,104
Acci'aed-expenses^ wages,^retc,-u.—85,929
1
j
f
quarterly dividend of
$106, payable April 15 to
& 1945—Month—1944 "
-l
'
'
usual
Distributions
15,
per Share haVe been made since and
:
the
*
,
'
»,
Usual Quarterly Dividend Declared—
'
point
be $12 on
will
Telephone
near
>■
669,751
IlAfilLiTlES—
1943
40,008,498 {39,464,846
deliv., etc., expenses-
•,,
Additional
three-minute telephone conversation from any
a
radiotelephone
establishing a direct
and then shipped to
for
country
*
The American
Sundays.
the
equipment
in
,
4*.
.
1944
$44,380,947^
(net)
Cost of sales,
between the United States and Norway, suspended
1941, was restored on Feb. 20 with the opening of the
first direct radiotelephone link between New York and Oslo.- Before
the war, calls between the two nations were routed via Berlin.
After
liberation,
711,936 /
reserve)—
charges—163,582
deferred
^Accounts
CALENDAR .YEARS
FOR
1945
since December,
Norway.
ACCOUNT
(Including Wholly Owned Subsidiaries)
phone Service With Norway Reopens With Direct Circuit^
connection
84
158,539:
"
involving
Laws
INCOSfE
{//■ftft/ft' ,/{ft % :■ ;///?:
ft/ft ft ,v ■/ ft/:'//.;/ ?•-//ft
;
American Telephone & Telegraph Co. — Radiotele¬
the
8,750
84
.
Notes' payable—banks and bankers—
against
Anti-Trust
VL
163, p. 306.
Telephone service
(after
assets
1,359.029
.
3,946
2,023,128/
160,040
companies—at cost, less res„
by real; estate mtges*
$6,241,844
the company for alleged violation of the
the company's activities in the
rsulphuric; acid industry was terminated in 1945 through a change of
plea .to nolo contendere arid the payment of $3,000.
t
Co.—January Sales Increased 20.8%
Month of January—
v—V.
other
fixed
Goodwill
.
activities
Reconversion
■
,
16.
March 30 to holders of record March
Payments last year were as follows: March 31, June 30 and Sept.
7214 cents per share, anct Dec. 31, 3714 cents.—V. 161, p. 874.
"
in
Total
at the company's manufacturing plants
have' consisted
largely in decontaminating and- dismantling special
facilities installed for' the manufacture of munitions and in the
necessary readjustment of personnel.
the capi¬
cents per share has been declared on
American Stores
$284,374 "
2,177,834
plus accrued int.
receivablerHJOllat.
Total
—
payable
stock, par $2,
1944
1945
hand and irv transit—-—
Securities at cost,
Govt.
Notes
•
tal
:
'
—
1214
S.
Invest,
-
of
$512,933
327,76ft
$1.23?
$582,929
327,760
$1.42
.
$678,770
2,082,421
♦Accounts receivable,
•
978,714
Miscellaneous accounts receivable
;
.1,382 {
Merchandise inventories
ft 1,416,164
Investment in and advances to affill. company
48,750
U.
-
dividend
-
COMPARATIVE BALANCE SHEET AS AT DEC. 31
{.
—
A
i
—
ASSETS—
.
„——
earned surplus
Cash in banks, cn
-
__—
100,000
1942
deduction.,
ordnance
owned
•
,
♦After deducting at Dec, 31,
1945 special tax credit under Tax
Adjustment Act of 1945 amounting to $72,500, at Dec. 3i, 1944 a
pest-war credit of $77^00 currently , allowable as a debt retirement
<
continued to operate until V-J day three
plants, one for
the loading of
company
■
Dividends paid on common stock___„
Earned per share————
;
large Governmentshells and other
Premiums not over1 90. days* due-^—ii^.——434,906
..munitions, and two plants for the manufacture of TNT.
Following
the end of hostilities, production at these plants was discontinued, and
Accrued, interest
————-—
46,748
Salvage
receivable
—•
——,
— {
,1,330
all three plants have since been returned to
the Government. The
V cpmpany has been released from all responsibility and accountability
Total %
—— $24,493,71.7
for the properties and only minor financial and accounting matters
{ remain
to
be
completed,, after
which • final, settlement
agreeLIABILITIES—Workmen's compensation, liability (legal)
ments
will be
negotiated with the Government.
As of this, date
and other loss reserves
$6,537,845
no
important" items are in' dispute, and no difficulty is anticipated
Unearned premium reserve2,355,706
in making satisfactory-settlement agreements,
■ 1"
Commissions payable
—129,601
There Was - a substantial -> decline in the demand for most of the
Reserves for taxes, reinsurance, etc.—————— t 2,121,640
company's
peacetime products following V-J day.
Other products
Capital ;
:_/
:___
:
4,000,600
manufactured At company's plants for way use, such as TNT, bombs
Surplus
—r——
—
8,598,916
and otner
munitions, have little' or no peacetime application afttj
Voluntary contingency reserve
—
——750,000
their manufacture was discontinued.
As a result, sales volume during
Total
$24,493,717 '{the closing months of the year declined substantially below previous
wartime levels, although still considerably above the 1936-1939 aver—V. 161, pi 1419.
age.
Profits during the final quarter were affected even more severely,
;;"i
ft-V1 ' ft/ft//
//•■, '/' -'ft'?"
' ■{••
due to rigid price ceilings and td the many factors increasing costi
American Stamping Co>~12%-Cent Distribution—
and overhead
expenses
'
^ «,
v'
'
v *'' ' >
l*.
(in banks
Cash
31,
Transferred to
Vitamin C and as emulsifying agents in the
the Pacific war theatre, as well as for other critical, purposes.
Acti¬
vated carbons were required in large quantities for sugar refining and
in the manufacture of such pharmaceutical products as Sulfa drugs
Municipal bonds
profits tax—
excess
Net* profit before special credit
Special credit resulting from- partial reversal of
•■reserve for contingencies appropriated as at
production of synthetic
ASSETS—U. S. Government
$1,446,95?
10,504
♦Provision for
period, commercial explosives, including dynamite,
blasting caps and other detonating devices
were required not only for higher production of critical and essentia!
materials, but also found many direct;vses for war,: including military
and
naval ? Construction, demolition
work, and actual use at the
fighting front.
Enormous quantities of coated fabrics were used in
{making waterproof clothing and similar articles used by our armed
forces.
Industrial finishes, while in somewhat restricted production,
were
used extensively for the protection of metal and wood surfaces.
Sorbitol
and Mannitol and their chemical derivatives were used in
During the
black
^
Report—>
Atlas Powder Co.—Annual
16,660,861
51,360
16,207,893
496,267
4,455,330
$1,383,474
12,045
Income
Other charges and deductions
'
3,895,426
above)
,
Total
j
I:{$$$$$$
executors
the name
Changed
affiliated
to
or
the
of
estate
of Vincent Bendix.
of Hel'copters,. Inc.
On June
5, 1944, the name was
is in no way
Bendix Helicooter, Inc.*
The corporation
connected with Bendix Aviation Corp.
.
over-the-counter market.', The print/
eioal
underwriter is Kobbe, Gearhart &-Co., Inc.
Of the - shares/
registered. 505,800 are being offered for sale to the publiG on behalf
of the selling
stockholders, Walter J, Buettner and E. O. Benoi?,
executors
of
the estate of Vincent Bendix.
The remaining 1,600
ahares
will. b«
transferred - In satisfaction- of av elaim- against-the
The
shares
estate.—V.
will
163,
p.
be
sold in
647.
the
V*
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4467
163
//Canada Dry
Benguet Consolidated Mining Co., Philippine IslandsAllen & Co. Purchases Stock—
Stock—
s
•■'The
than
the
investment
banking
2,000,000 shares of
five Haussermann family
JohnW:
it
trusts,
Feb.
announced
was-
j,.'"--f"-v::' \
-v:
-
com-
Haussermann stated that neither he nor-Mrs.r Haussermdnn
had sold any of their personal shares and did not intend to do ;so.
The present management of the company will be continued and there
•will be no change in policy, he said. A Mr. Haussermann is now engaged
in purchasing machinery and equipment necessary to resume opera-"
Exchange has
Called-
authorized
All
of
.v;
,
.
,
.
the
outstanding 5% first collateral trust 30-year gold bonds,
A, have been -called for redemption on April 1, next, at 102'/j
and interest.
Payment will be made at any branch of The Royal
Bank of Canada, in Canada, or, at the holder's
option, at The Royal
Bank of Canada, London,
England.—V. 158, p. 1632.
stock
common
Canadian International Investment Trust, Ltd.-*-Bonds
v
-<■/W l!://•
the listing of 25,300
(par $5) upon official no.tice of issu¬
ance Upon' the exercise of options granted by the company to certain
of -its officers
and
managerial employees, making the total number
of shares applied for to date 741,230 shares.—V. 163, p. 308.
*
Vf.-v
.
York Stock
additional shares of
18; by
of 'l^e
Haussermann, -Fresidentand -general jmanager
pany.
The New
firm of Allen & Co. has purchased more
stock of "the company from the trustee'- of
Ginger Ale,. Inc.- -Listing of Additional
(/ v'
1023
series
( Mr.
tions
,
and
of
most
his
staff " is
1
-
Divs.
The
First
transfer
Bank
National
Cincinnati
of
has
beett
designated
:
owned
as
-
Profit
the company in the United States, such office to
than March 15.
Similar arrangements are being
made in: Manila.—V. 159, p. 2627.
be
for
agent
opened
from
subs,
1943
1944 /
$5,458,838
••
■■■■■
^
$5,018,711
Paper Co.—Stocks Offered—A syndicate
Kirkpatrick-Pettis Co. on Feb. 15 orrered
15,000 shares of 4% convertible preferred stock (par
$100) at $105 per share and dividend and 20,900 shares
1942
-
$5,011,293
partly-,
51,113 -'
-.«
39,714.
of
34,811
Total
Report-—;
Fees
1
position
the' corporation .as of pec.
compared with Pec. 31, 1944, is summarized as follows:
Of
J3l,; 1945,-,as
.
Total net
assets before bank
Bank
10,015
' >.(
$5,105,146
'
•
144,719
20,374
134,971
(.u.
Net
7,692
p.
6,740
5,755
/ Caterpillar Tractor Co.
6,970
1,909,434
1,835,415
1,968,438
1,858,344
2,361,000
2,086,450
2,140,000
profit
Deduct:
Preference
which
stock
$55
at
share
per
(to
.
entitled in liquidation) and ac•
crued dividend —/12,382,078
76,444
'
__
on
$1,130,306
en
.18,409,300
'"".I
/
—
Preference stock:
•
.
-
•
..
,
*
.-
U.
5.20
>
'
*■
>
,
for
((^debtor iCentral States] may be found."
(market
292,960
1945
'
i
■
.
value
investment
in
and
advances
investments
in
$9,166,658;
to
partly
total, $33,805,198.
Net
owned
88,603,657
60,305,056
preference stock
shares
800
payable
and
payrolls,
201,483;
Electric
Corp.
register,
to
the
under
provision
$6,102,030;
.
(redeemable at $35), $6,749,800; ordinary stock
'
-
In the Marco suit, directed against former officers and directors 'Of
the corporation, the New York Court of Appeals affirmed the lower
( court's order dismissing the complaint.
The lower court, however,
(jgranted the plaintiff leave to amend tne complaint, the time dor which
Has not yet expired.
Bond
E.
Minority
P.
K
-change in inventories during
L
:
Dr8,616,643 Cr5,226,627 Drl,788,884
yr.
6,511,895
4,705,600
$3.46
*
paid*
.
share
8,216,254
7,663,913
3,764,480
3,764.480
$4.07
.
$4.37
CONSOLIDATED BALANCE SHEET, DEC. 31, 1945
'
•
>:.
;■(.-((:
payable,
$8,642,723;
accrued
wages
and
$1,706,736; Federal taxes (after deducting U. S. Treasury
notes, tax.series.C, of $11,900,000),. $956,686; capital stock, $23,144,777;
/ profit, $40,115,474; total, $74,566,395.—V* 162, p. 3188,.
Corp.
America
of
Listing of Additional
The
31,607
York Stock Exchange has authorized the^■'listing'(of 70,000
shares of first
preferred stock, $4.75 Series
(cumulative,
and 468,571 additional shares of common stock (no par) upon
the proposed agreement of merger between the corporation and Tublze
Rayon Corp. becoming effective, making the total number of shares
no
"
'"'8;076:
6,954
130,210
1,754
119.376
$0.43
$0.35
subsidiaries',
tlncludes
par)
t$62,025
180,176
■
78,3,72
t$100,941
New
additional
$184,299
39,381
:
interest
taxes
(net)
interest i___
Cr2,578
20,925,53!)
LIABILITIES—Accounts
Jan. 23,'-45
$279,240
:
debenture
or
Income,
.
19,616,417
Stock—
'•Jan. 22,'46
'Operating profits
:
16,047
9,272,010
—.
expenses.
-Earnings-—
Weeks Ended—
12
income
4,107,111
Cr174,936
(net)U^/^i/..3.
4,176,768
'
'
'
Depreciation
.
based ori
Celanese
( toy the corporation.
^
-
insurance, taxes,1 etc.,-$99,441; total, $74,566,395.
(365,-
no
Canadian Pood Products LtdL-
Act
Securities
-
ASSETS—Cash, $13,431,661; U. S. Treasury notes, tax series C,
$7,300,000; notes and accounts receivable, less estimated bad debts,
$10,603,855; inventories, $32,086,876; patents, trademarks and good¬
will, $1; land, buildings, machinery and equipment, at cost, (after cost
allocated to operations to date,
$14,682,965),
$11,044,562;
prepaid
of old preference shares, $31,867; operating
reserves,
$301,000; $2.40 cumulative participating
$33,805,198.—V. 163, p. 775.
expense
taxes
|
•
par),
$9,145,000; capital surplus; $706,648;
capital
(preference stock redemption), $250,200.; earned surplus, $7,refundable portion of excess; profits taxes, $962,745; total,
surplus
1933, the 806,248 shares of common stock of Central States owned
States
'-to
allocated
4,575,801
Earn, per common
taxes/$2,213,99t;((divideh^(:pftyable;-: $140,435;-
othet
miscellaneous
and
On Nov. 27, 1045, the U. S. District Court in Richmond, Va., denied
( the application of the corporation -for-an order requiring the trustees
Central
■
67,811,448
■
and ' amort.-
/ Dividends
companies, at cost,
equipment (after reserve for
^
of
services
-
151,891,559
*
of
'and
—143.370,639
ecc.
Profit for year.
sub¬
exchange
due re
$
deferred
other
,
1943
$
salaries.:____^_j-Lr__;-58,427,766
and
Interest
Fed.
$750,259; investment In
$261,319), $253,000; accounts
$5,970,026;- inventories,
$476,043;
lncomerand
amount
"in the State of New York where the transactions complained.of arose
sand where persons alleged to have acted in wrongful concert with the
'•
bohds
LIABILITIES—Accounts
1
11,
-
'
Wages
Deprec*
land,
excess, $962,745;
proof -of claim against Central. States Electric Corp. in an amoHnt
exceeding $14,000,000,
exclusive of interest.
The Court directed,
/however,that theclaim be liquidated in an';action( ln{(ft' pm^
,
supplies
purchased,
buildings, machinery and
depreciation providing since above date $4,354,700), $15,733,013; ex-„
penditure re war contracts (after special depreciation thereon $5,891,705), $99,575; deferred account receivable refundable portion of
1946, an opinion was handed down by the U. S. District
Court. at Richmond, Va., granting .the corporation permission to file a
/
575,400
■
1944
■
230,599,818 245,949,525 173,9*5,023
Materials,
490,000
274,350
reserve),
company,
$76,000;
3".20
"im the above table the net assets at Dec. 31, 1914, are. adjusted to
eliminate $201,562
market valuation of 806,248 shares of common
/ stock6t(Central States Electric Corp. then held in IJie portfolio.. This
( adjustment1 is made for purpose/ b? comparison With net ^assets .at
31, 1945."
(less
$317,881;
sidiary
—
*
On Jan.
Government
charges,
$127.28
1
Dec.
S.
receivable
*
571,001
1945
$
ASSET Sr-Cash tori" haiid "and with bankers,
,
V*
$229.18 "
-
"
(& Subs.)—Earnings—
('C/d;;.- * :■',
•
$958,384
CONSOLIDATED BALANCE SHEET Sept. 30,
'
-
■
$24,001,280
'/-
,
333,200 shares outstanding Dec* 31,- 1944,.
-224,110 Shares outstanding Dec. 31, 1945.^ '
Common: stock (7,489,483 shares outstanding)-
:
-
shs.
com.
,
? • the year
'
Balance—Net assets applicable to com. stock- $38,979,120
Asset values per share—
-
i(;
#L—'
$832,241
.: 246,400
shs.
pref.
new
„
Sales
$1,141,048
_
old pfd. shares
Dividend
.v
.
.
cn
Divs.
is
it
Divs.
for pref,; stock $51,361,198 $42,410,580
,
Years Ended Dec. 31—
"
Balance-/Jet assets available
648.
14,933
■
2,490,200
v
Sinking fund provision..
>
shares
ex-
income taxes.
for
$5,053,521
.144,486
'
stock
common
.
preferred
4,500,000
4,500,000
——,
&
directors
Depreciation
$55,861,198 $46,910,580
loans——
loans——.,.
of
Prov.
$5,498,552
„
19,378
.—•
executive committees.
Dec. 31/44
Dec. -31,'45
-
$5,762,232
of officers.—124,712
Legal expenses
Blue Ridge Corp.—Annual
financial
income;
by
(par $1) at $40.75 per share.
Of the
10,000 are being offered in the first
place to the. holders of the outstanding 4J/2% cumulative
preferred, stock pursuant to the exchange offer.—V. 163,
70,594
23,260
•
u---
investments-i
on
Salaries
''■■•'
Deduct:
Carpenter
headed
.
not later
■
The
1945
$5,711,118
profits^
oper.
rec.
"
•
-Earns.
(& Subs.)
(Expressed in Canadian .Dollars).
\
Years End. Sept. 30—
Combinde
Philippines, preparing. (the
in the
now
Canadian Car & Foundry Co., Ltd.
"
—'
of first preferred stock, and common stock applied
and 2,205,643 shares, respectively.—V. 163,. p. 897,
4,219
for 420,030 shares
'
Net profit——
Doinmoii shares
,
INCOME
income/*/
$2,103,709
interest
loans:
bank
on
.55,104
'
•Net
income
$1,954,132
f
274,268
>
Dividends
on
( optional
'
on
1,000,474
1,020,700
'
999,600
Darns,
748,948
$0.10
$0.03
per com. share__
^
•Exclusive
of
dividend paid
profit
or
24,
loss
1945,
sales
the
securities,
of
tlncludes
ASSETS-*-Cash,
$1,336,739;
U.
of
S.
Government
quotations,
-
mon
securities -(market
share
compared with
as
OF INCOME,
dividends
$49,516,959),
•
common
Interest
v
,
(par
$27,496,395;
Stock
capital
surplus,
Exchange has authorized the listing
cumulative preferred
stock,
(no
Total
12,981
all
pan
of
Int.
income
1
•
3
.
& amort, of 5%
on
»i.
$321,357
■
6,256
11,630
ia.„i
ii
•••%
9,138
if.;
^
■-•..n
debentures
;
"r
V
sales
en
6,756
-
of
-
i
•
:
'
$168,335
:
at
-
for
securities
/
to
;
Ehded
31—
Oct.
1945
Gross profit from trading
Selling, delivery, admin., etc., exps,,
-Directors'
.Legal
$1,272,628
431,013
•
fees
fees
expenses
-
,
Bond Interest
Li———„/
Depreciation /———————
Loss on sale of truck——.—.
*
1944
$1,265,272
/ 444,505
1,320,
and
Reserve for taxes
-
6,703
24,655
1943
1945
Net
1945
420,319
S 1,760
25,044
172,065
187,759
579*",882
purchased,
k--
:•
2~40~996
S.
tax
!—
Net income
.
Other income
—
'
:—-—..
:
$69,327
$60,735
'.(;•■ 17,748
4,794
$145,635
-i 4,695
$65,528
$150,329
50,000
50,000
$70,579;
.
Net
income
Dividends
$87,075
.
paid
BALANCE
ASSETS^-Cash
of
.
.: 62,500
on
SHEET- OCT.
31/1945
"
.
t *
hand and in banks, $52,637; cash
Surrender value
life insurance,- $145,848; • deposit with insUratice" under¬
$20,365; accounts receivable (less reserve), $165,350; inven¬
$1,287,939; excess profits tax (refundable portion), $253,725;
tories,
employees' subscriptions to eighth victory lean, $1,320: investments in
subsidiary
companies
(shares),
$4,232;
employees'
housing
scheme
$6,580; other investments, $2,280; prepaid charges, $78,372; plant in¬
.
vestment, (after deducting mortgages of $6,150 and reserve, for depre¬
of $1,054,575), $2,439,788; trademarks, processes, etc., $1; total, $4,458,437.
ciation
LIABILITIES—Bank
Of
Montreal
(loan-secured),
$75,000;
accounts
payable;' $451,887; bills payable. $170,066; reserve for taxes (after de¬
ducting $428,149 paid on account and due by income tax department),.
$151,733; common stock,
(125,000 shares no par), $787,500; reserve
-for
contingencies, $144,034; capital surplus, $1,661,860;' earned surplus,
deferred surplus, (refundable portion Of excess profits tax),
,$253,725,'. total,- $4,458,437—V. 161, p.. 1311,: ,
.-• - A"
•:(•>$762,653;
fixtures
.
of
Franchise
excess
profits
and
(land,
bldgs.,
machinery,
—((
-
Pa^hts
•
.
•
■'/■■.■I
Accrued
*
taxes.;
—______t
_L
-
,'33,000
( 9,401
( 57,067
•;
% 12,650
liabilities
c
/ 1
183,381
(not due within one year)
:
154,000
(par value Of $100)—2,290,900
Debenture notes pay.
(Common Stock
-Capital surplusEarned
{surplus
IV Total
*
0After
serves
580
in
Vvvf
Earned
-mon
shs.
outstdg—
$605,525
"170,752
377,772
755,472
$562,276
$0.57
;
share com/
"stock—*—/——"
V
156,863
148,863
377,759
325,203
755,472
696,923
$0.53
$$0.54
471,501
.
638,410
per
selling
and
administrative
expenses
but
:
TS1.53"
exclusive of de¬
depletion and amortization., tlncludlng unamortized dis¬
and expense on debentures redeemed during year.
tCredit due
-carryback to. prior year of unused excess profits credit of current
:yeaf.?4
^
•** *
'• -"v>
'
"(;v-;:-((-,:(■"
CONSOLIDATED: BALANCE SHEET, OCT. 31, F45
v
( "
preciation,
count
731,973
360,000
176,176
239,424
11,889.,
' $4,'495,831
/_._i—.
of
,
——-1——
,
$155,660/
33,000c
to
■
ASSETS—Cash
securities
(at
in
cost),
items
eral
refund
tax
banks
and
$6,025,651;
hand,
on
accounts
$1,853,639;
U,
S.
Govt,
(after reserve for
receivable
freight allowances of $390,126), $2,335,393-; Fed¬
claims
(including post-war. refund of excess profits
and
doubtful
$266,730;
inventories, $2,305,964; security invevtmertv (net),
$1,157,454; property, plant ond equipment (after reserves for tfepreciation, depletion and amortization of. $8,094,104), $5,089,0^4; non-
13,745
!
>operating
56,482
•?-.
$120,197;
17(603
patent
210,408
187,000
1,326/48
2,230,900
327,519
1,203,513
$4,640,589
$4,495,831
^
—
reserves
327,519
tAfter re$27,780 in 1944 and $25,791 in 1945,
depreciation and obsolescence of $633,450 in 1944 and $625,1945.—V. 161, p. 1421.
for.
'
,tax);
$245,921
.
•
dividends——
■■
$4,640,589
payable (vendofs)-*^.-.--^——,
(Debenture: notes payable—
Employees' subscriptions for.U; S. bonds—__ •
(Federal income tax withheld (employees)/
•
security
$1,323,967
(>".(147,113
225,254
579,408
profit
pfd. dividend—
•Including
112,164
.9,337
t(
Tot%!
Social
$530,199
175,225
.
$47,500.
Common
33,725
LIABILITIES—1
?Accounts
2,615,536
■
•
-
profits taxes, net
Common
-
238,565
*
Cum.
-
and* goodwilLi^—360,000
(loss reserve)
j,_'
176,221
(less-reserve)-;.——
z
f
Net
"
263,940
48,554
"
688,720
etc.,
trucks)—__-_______—__-^_—_
{.Detod charges:__*
1,138,545
1
Credit
1,109,484
378,367,
of redemppremiumi*.«.i^j.i*
inc. and ex-
for
cess
,
143,543
524,526
■
fa- (./
tWrite-off
tion
.Trademarks
i
351,684
0*101,707
,
(
———_( 268,910
cilities
•
$415,405 / $548,968
490,824
(563,447
-
taxes
018,236
income)—*.—
other
t
$2,143,694
profit—
funded debt—
Amort, of emergency
:
Dec; 31','45 Dec. 31, '44
•
—(k
tFixed. assets-
.
$475,000
writers,
- •
060,933
/"■<
accounts
617,388
refund
Post-war
.
.
*
•
(customers)-
notes
.Other assets
(
•
—
receivable
350
616,481
Other
,
Inventories
1
—1,195,370
U. S. savings bonds, eeries F—
: ;
366,480
;
U.
558,218
•
______
•Accounts
5,550
24,680
,
Cash
$4,399,675
$1,594,663
111,392
501,872
oper.
on
properties
(after
for
reserves
depreciation
of
$160,091),
miscellaneous investments (at cost), $195,1C'6; patents and
at nominal value, $1; deferred charges, $210,250; total,
rights,
$19,629,438.
'
LIABILITIES—Accounts
-
-
"
'
.
"
( (;
payable, $1,359,294; accrued cxpen-es, $593,-
Federal income and excess
profits taxes (after deducting U. S. Treasury notes, tax series, at
cost, Of $1,000,000), $257,810; provision for other Federal and State
taxes, $73,781; sinking fund requirement due March 1, 1943, $175,000;
15-year 314% debentures, due Aug. 1, 1960, $4,825,000; f % cumulative
preferred stock.(par $20), $5,137,250; common stock (755,472 chares, no
par), $755,472; paid-in surplus, $2,457,684; earned surplus, $3,254,191;
total, $19,629,438.—V. 163, p. 189.'
. (
"
" ./.
;
155-
accrued
interest, $40,802; provision for
.
The Commercial and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana
Company/Publishers 25 Park Place, New York 8, N. Y„ REctor 2-9570. Herbert D, Seibert, Editor and Publisher;
William Dana Seibert, President; William -D. Riggs, Business Manager*
Published twice -a week [every Thursday (general news and advertising issue) with a statistical issue on Mondavi
mher
offices: 135 S. La Salle St^ Chicago 3, 111. (Telephone:.State
0613); 1 Drapers' Gardens, London, E C
England, c/o Edwards drSmith. Copyright 1946 by William B. Dana Company. Reentered
as second-class matter February 25, 1942, at the
post office at New York, N. Y„ under the Act of 'March 3, 1879.
Subscriptions in United States and Possessions, $26.00 per year; in Dominion <rf
Canada, $27.50 per year; South and Central America, Spain, Mexico and. Cuba, $29 50
per year; Great Britain, Continental Europe
(except Spain), Asia, Australia and Africa, $31.00 per year.
NOTE;. On account of the fluctuations In
the rates
of
V!
$2,580,831
135,072
612,724
114,459
depr. and depl.
deductions
(less
Int.
1942
$22,185,651 $20,693,859 $22,598,269 $23,510,364
_( 20,041,957
19,099,196
20,017,438
19,110,688
——.
—
sales
of
OCT. 31
1943
1944
Prov. for
banks,
deierieu
Carter Co., Needham Heights, Mass.- -Balance
ASSETS—-
-
.266
.
sales
Net
in
cash
Sheet-^
$1 ,027,064
1,9802,823
.
159,728
—
regar$ the future,.of its business with well-founded optimism.
Prov.
(Wm.)
reported net Income for .the fiscal year ended
all
CONSOLIDATED INCOME STATEMENT FOR YEARS ENDED
> •Cost
-
1945,
as fast as labor'and materials can be secured./-/ '•■■;.( .-(,
Current backlog of orders is at record levels and there is ample
the demand for Celotex products will for a long time
continue to tax company's production capacity.
Celotex has reason
166,227
$22,(Ll;
(/
evidence- that
170,341
accrued,
31,
:
/way
L
payable, accrued interest on 3%'*> decentures, etc, $33,825; provision
for taxes, $3,057; 15-year 3%% debentures due Feb. 1, 1960, $1,872,000; common stock (par value $1), $563,000; capital surplus, $4,621,-
298; total, $6,600,758.—V. 163, p. 775.
after
>
;-
charges and provision for Federal income
to 35c. per share on its common stock.
the bagasse used by it under substantially
$ uniform contracts from various large sugar can growers; of these,
The South Coast Corp. is the largest single supplier and make) avail?
able its entire supply of bagasse. 7 Celotex now owns 205,328 shares of
"k common stock of The South Coast Corp., constituting 43.3% of such
/outstanding stock and( $1,577,260 (principal;amount of its 5% eump«/
lative income debentures (subordinated) due 1973, constituting 70.9%
( of such outstanding debentures.
Work on The Celotex Corp. post-war plans continues actively undpr
'
(LIABILITIES—Payable
South Coast Corp.
31,
140,985
cost,. $5,868,376;
average
'
Oct.
of $148,053, equal
% Celotex purchases most of
Brack Silk Mills, Ltd.—-Eavningstfears
The
.140,825
BALANCE SHEET DEC, 31,
of $562,276,-017 53c.
year
taxes,
131,416
investments—
the previous
share, on the 755,472 shares outstanding at Oct. 31, 1944.
corporation has approximately 10,500 stockholders at
% July
"•■' t-c"
$171,017
$172,i75 (
.
ifu
,
unamortized
1945, as compared with approximately 8,700 at Oct/31, ,1944;;'
103,662
6.600
103,662
.
v
-
$547,181; dividends receivable and interest
Charges, $163,180) total, $6,600,758..
1
with net earnings for
per
168,900
(•■V' ASSETS—Investments,
«
^ $336,751
balance
compares
„
'-.'
'
-
expense applicable to the 3%%'
redemption during the year and
(b)
of emergency ,faci.itie3.
This
for
called
1955
the
of
.""The
60,997 .--^7*. 55,473
63,957
107,098
550
,
(excl, of- security profits..
and losses)
:
of 40^000
which are
$343,590
Net inc.
Net loss
r
*
.
•-
Dividends declared
•
•
—V. 163, p. 775.'
t-k
$339,940
linn--1
$7,-
outstanding,
and 50,000 additional
shares of
common
stock (par $15) representing authorized but unissued shares reserved
for issue under the company's stock option plan, for listing on notice
rcf issue, liiaking the" total common Stock: kpplied for :542.00Q( shares,
6,603
•9,303
Prcyision for Federal income taxes-
and
Issued
1943
$325,358
r-
$34,-
total,
Brown Shoe Co., Inc.«-^Listing of Preferred Stock-—
of $3.60
on
,
1944
$317,656
*—
—
Expenses
-$7,489,483;-
$1),
share
per
•
.
stock
$8.85
YEARS ENDED DEC. 31
—
State
The New York
shares
•
per
Taxable dividend distributions-^*.,
(486,758^ earned surplus, $8,695,018; total, $34,266,101.-—V«162j i p.-.3^§8.v
•
$12.18
was.
1944.
1945
Cash
accounts
Federal,
$5,602,750;
r
stock
31,
•
(rate 2^4 % ); due Oct, 1, 1953,
payable and accrued expenses, $33,457; provision
and city taxes, $458,635; • cumulative optional $3
•convertible preference stock, Series of 1929
(224,110 shares, no-par),
$4,500,000;
lor
$162,699)
Dec.
LIABILITIES—Note payable to bank
•
1945. thq -asset cov^rag® per $1,000 of debentures
(excluding unamortized debenture financing costs
amounted to $4,663.
The net asset value of the com¬
of
write-off
$1,976,061
31,
,
.
market
debentures
increased during the Jeaf by
interest
31,
1945,
266,101.
/ premium and unamortized discount and
/
December
STATEMENT
-
-
.
$5,366,625), $5,300,000; dividends and accounts receivable
accrued, $132,967; investments, at average cost (at.Dec.
quotations,
-and
.
Corp—Annual Report--
company
;
after
$605,525,. e^ua.1,
year, was
-
-outstanding
then
or
BALANCE SHEET, DEC. 31, 1945
.
the
pf
the
for
net - Income
preferred stock dividend requirements, to 57c. per share on .the 755,472
/ shares of common stock, and is after write-off of (a) redemption
,
assets of
ttct
assets
At
$190,548,
(In cash in lieu of fractions of shares of such .stock?
;.
& General
Consolidated
or
on
of
Total
*
net
$0.08
$0.06
or 25 cents per share, from
27Va cents per share, paid from
( net profit on sales of securities; also, distribution of 14,237 shares of
(Dhitedv Llghfc and v Power. ' Co,. preferred • stock ; at (cost of $505,123
-... <market price on date of declaration $79 per share)
and $59,357 paid
Dec.
:(current net income and $2,056,296,
896.
Corp.—Annual Repoft—The annual report for
Cclotex
the year ended Oct. 31, affords the following:"
corporation, valuing securities at market quota¬
tions, before deduction of principal amount of outstanding debentures,
were $8,892,223 011 Dec. 31,
1945.
Of this total $8,267,301 represented
investments and $547,181 represented cash in banks. Such aggregate
i;
$1,580,022
999,600
stock
com.
Additional
two
.
Carriers
99,842
,
$1,462,211
12,811,325
$3vconv. pfd, stock—
Divs.
inclbde
to
,$18,614. refundable taX) =1946, And $11,047 for 1945.—V. 163, p:
'
•
'
...
93,316
$1,506,419
$1,754,629
•Consolidated
92,350
;
,
•—
1942
$1,853,147
205,268
i
—
:
—3:^'.-,
Earned per common shave_a-
1943
.
,83.099
"
Taxes
-
$1,797,654
208,137
293,976
Expenses
'
1944
1945
■
•
Total
CALENDAR YEARS
ACCOUNT FOR
exchange, remittances for foreign subscriptions and advertisements must be i&ade in New York funds.,,
,
,
/
,
:
v-
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1024
Plan—
Central Maine Power Co.—Refinancing
Chicago Surface Lines—Court Approves Transit Plan
r—Calls Project of Municipal Purchase Fair and; Equit¬
•
England Public Service Co. ,below.—V. 163, p, 308. .;■
See- New
"
7
V:-■'•4'74''$$$$.
Chicago
corporation
(par $100)
stock
be filed by amendment.
,
...
.
proceeds,
The
funds will be applied to the redemption on oivabout
pf 251,584 shares of. 5% series preferred, at the re-,
pr.ce of $105 per snare plus accrued dividends.—V.
loj,
and treasury
ent
25,
April
1943,
demotion
..
,
.,
1P45—3 Mos.—1944
.
■
,
$11,095
Expenses
-
-
$7,645
1,588
Income
<
$9,507
income
the
sold for 1945 after
city
transit
balance sheet,
comparative
dec. 31
19^5
at cost
for securities
InvestmentS
Receivable
-—'—
'
LIABILITIES—
7
-
.
$33,001
Reserve for one year's, divs.. on pfd, stock-*,,-^
14,267
S6.50 cumul, pfd. stock-^7_L'____—219,500
Reserve for
taxe3——
Common stock (10 cents
$10,969
—
par)-—
Surplus
14,267
219,500
10,000
78,363
10,000
176,066
——
—
—
163, "p."
8977 ~
"
'
-
-
—..
the
21,
bond
issues
receive
which
for
$14
by
order
The
for
and the Pere Marquette Ry'.
meeting in Cleveland on Feb. 19, unanimously approved and signed an
agreement of merger embodying the terms.and conditions for uniting
'
Robert
Bowman
J.
and
the
of
FLAN
_
President
be
to
,
&
C.
in
O.
Mr.
the
Newton's
ing of the
war
Ry.
for
,•
.
will
become
*
effective
'
1
.
t
at
the
Mr.
as
to
directors
W.
be
board.
O.
;
7
board
The
from
,
w
-
,
1
^
also
named
the'new
to
change and the addition of u^lessrs. Bowman,
board. wiH fnclude all present incumbents."
,
board.
m' j
v
,
,v
the ;new^
•
>
.
-
■»
<■
,
lines
from
Washington, via Columbus, to Toledo, and via Cincinnati,
to Chicago, and a line, nor of Lake
Erie, from Buffalo into Michigan.
Throughout the lower Michigan Peninsula the Pere Marquette forms a
veritable filigree of rails, linked
by carferry service with the west
shore
of
Lake
Michigan,
where
traffic
serving the northwest.
■
is
interchanged
with
ferred
O.
This
stock will
be
carriers
.
convertible
into
1.6
shares
of
The terms of
Each
the
changeable
stock
and
roads
of
lor
are
as
one
share
one-third
Ohio.
.
of
t
of
.
.
stock
3'/2%
share
a
-
,
of Pere
cumulative
of
common
-
,
convertible
stock
of
£
ex-.
the
Abbott
1936,
stemmed
ings
of
&
if
step in
the Rock
stock to be exchangeable for
gram
curves
over
reduced
0.5%.
to
The
Davenport,
one
Floris
degree
to
or
Paris
less,
and
project
is
ruling
grades
expected
to
will
be
during the Spring of 1946.
not
be
one
per
cent
grade
River Bottom
(one
foot
rise
and four miles
have been reduced to 0.5%
in
100)
westward
out
of
the
Chariton
eastward Into Udell, Iowa, both of which
operating grades.—V. 163, p. 897. 7
of
a
Lines
Various
and
of
it
from
the
unification
at
separate
a
the
considered
were
expert
of
witnesses
as
component
a
testified; with
of
He
to
at
stated
estimated
be
that
rate
a
he
annual
$7,500,000
of
gave
income
5y2%, reached
consideration
figure
a
to
taxes
6%
a
as
,
the
Surface
Lines,
he
stated
Vsed for
(nigher
a
or
ob.in.ion
a
reached
Lines
the
which
conclusion
the
that
authority
the
to
that
rates
of
capitalization
from 4%
lower under unusual conditions
proper
rate
of
which
might
to
complete
its
on
side
sources.
hand
and
which
....
it
program
cash
be
on
his
franchise
His
and
reasons
to
agree
>
on
.
sooner
operating a comprehensive street railway and bus
largest city in the United States; that there is
erty presently capable of rendering that service; and
that
is demanded
by the public.
Kleinman,
chief. of
Commerce
service
no
accounts
and
finance
for
in
other
the
the
the
prop¬
service
Illinois
Comir.it.Rion, was called as an expert witness both by the
objectors and by the authority.
On behalf of the objectors, he pro¬
duced
purely mathematical y. luati< n computations based upon his
segregation of the valuation of the unified system as estimated in our
h's
greater
opinion
than
a
sepr
valuation
a
system.
His; reasons-':
the
modernization cost
would
be
for
by other fitnesses in
Surface
Lines
the
on
an
en¬
of
the
basis
the proper method of
valuation
*
in
re¬
a
-
pf
$7,500 onn
»«
iudgment
t>n
upon
that
its
Surface
Lines
will
be
permitted
to
earn
calfculations, Kleinmann used estimates of
$7,-
earn¬
as
,
savings
7
-
5%
been
to
to
'
>
made
estimated
10%
.
,
< t,
<
as to the
proper rate of cap¬
earnings of Surface Lines, and
have been suggested.
While the usual
for
a
of
a
plan
legislation
a
for
franchise
new
inasmuch
ordinance
at
the
present time
the city has steadfastly opposed any separ¬
Lines for many years and more recent¬
manifested a desire for public ownership by pro¬
as
Surface
purchase
creating
by
the
franchise
the
Chicago
and
has
city and thereafter sponsoring
Transit Authority to which it
assigned its
rights
under
the
pur¬
Since the grant of a new franchise to Surface Lines
to be remote, the alternative of the continued operation of
Lines under whatever rights it
may have under the 1907 ordi¬
nances must be considered.
The objectors to the plan have taken the
position that Surface Lines has the right to operate on the streets
appears
Surface
of Chicago until it is
granted a new franchise or its properties are
purchased at the price provided under the 1907 ordinances, amounting
at this time to approximately $170,000,000.
This contention is strong-
ly
opposed
by
the
city and the Transit Authority.
The objectors'
primarily upon Section 23 of the 1907 ordinances.
rests
of
rights
the
companies
judicially determined.
the rights
under
In
of Surface
this
the
Lines
section,
absence
of
however, have never
judicial determi¬
such
to
operate uoon the streets
separate valuation of Surface
with
are
so
uncertainty that a
Lines
necessarily involve the use of a commensurately high rate of
capitalization.
It is our opinion, therefore, that a separate valua¬
tion of
Surface Lines
based upon
the capitalization of reasonably
prospective earnings of its modernized property would require the use
would
of
rate
a
of capitalization so high, because of the unusual risks inthat it would not exceed the valuation for Surface Lines as
volved,
III.
advisory report.
our
FAIRNESS
OF
THE
;
.
CHICAGO
TRANSIT
u
AUTHORITY'S
' AMENDED PLAN
/
U) FAIRNESS OF PROPOSED UPSET PRICE—In View of the adop¬
by the authority in its amended plan of the recommendations
j
tion
contained in
of
our
report
on
the proposed upset price,
the
proposed
fair,
-
upset
the city's plan with respect to the fairness
we are of the opinion that the amount of
the plan properties of Surface Lines is
price for
:
W (2) FAIRNESS OF ALLOCATION—The city's plan provided for the
distribution
,
a
of
presented
ect)mate
upon
applied
prospect
granted
chase plan.
•beset
out¬
the conditions of
be
the
be
.
be
unified
a
,
to
remote
nation,
the
later the
were
largely
reorganization
been
He
a
satisfactory franchise will ultimately be granted.
making this assumption are that the Surface Lines
second
Fred
-
or
would
annually,
according
to
the
testimony
of
witnesses
Lazarus, which is considerably less than the amount
contention
purchase
from
h's
allowed
The
of
that
for
and
posing
.
period
period and
raise
objectors that in
45%
valuation
a
return
has
:
7-year
this
to
.
assumption that
city and the Surface Lines will be able
to
5
a
during
necessary
xy;.-:/Vbv v/'/7 'V:/ :
Peck's valuation is based
w
within
the
Lines
that
data
ly has unequivocally
to 7%, and may be either
and circumstances.
In his
generated
might
of
as
The
capitalization
modernization
a
funds
possibly $15,000,000
earnings in the mass trans¬
modernization expenditures of
risks attendant upon a separate operation of Surface Lines,
competition, need to be considered, it would seem that the
feasibility of a separate reorganization of Surface Lines under private
ownership is the most important single factor to be considered in
view of the history and present status of local traction in
Chicago.
This involves consideration
of the possibility of
Surface Lines', ob¬
taining a new franchise from the City of Chicago for separate oper¬
ation, 6r in the absence of a new franchise, consideration of its
rights under the expired 1907 ordinances.
ate
for Surface Lines separately
the character of the property,
jthe.'.hature of its operations, the demand for its service, the stability
jOf its income and the nature and extent of competition.
Peck also sated
that, in his opinion, Surface Lines would be able
with
Sur¬
its
assurance
we
seems
,JvWganized would be 5%% considering
7
the
ability
business
such
a
properly
of
$4,000,000
stated in
range
(2)
the
reorganize
the bulk of estimated earnings of the unified
from Surface Lines, that' Surface Lines
immediately available for modernization while Rapid
rates ranging from
.
..."
utility enterprise
have
to
of
for
component: of
Various contentions have
these
of
a
and
that
italization
$128,-
value
proposes
ordinances;
does
that
•separate operation.
capitalizing
on
trend
1941
but
attempts
for the Surface Lines component in our
calculations of earnings of the unified system.
In our opinion $7,000,000 is a liberal estimate of prospective earnings after modemization, before Federal taxes and fixed charges for Surface Lines as a
Lines
of $136,360,000.
return
and
after
which
in
earnings
and,
1930
franchise
previous
need
Surface
as
were
6%
a
Traiser
to the val¬
post-modernization
after
the
modernization ranging from $4,400,000 to
$7,614,000 and
that the lower figure was a conservative, but by no means a
estimate.
In our opinion the estimate of $4,400,000 does
not give
sufficient weight-to savings to be expected from modern¬
ization and is unduly low.< Such
savings may amount to as much
properties,
Lines
to
public
in
minimum,
,
as
the
no
of
the
behalf
on
predicated
earn
ings
hear¬
such
a
testified
unified
a
(5)
In hia illustrative
require¬
to
respect
in
downward
of
has not.
furnishes
toward
Surface
to
lies
500,000 annually after Federal taxes.
enterprise, which we be¬
holders of the companies
H. Peck, who has testified at
previous hearings
of the Surface Lines and
Rapid Transit
price.
the
resources
appears
"'
with
sale
a
sale
a
public
the assumed ability of Surface Lines
$128,000,000 rate base.
There is noth¬
ing in the record, however, or in the orders of the Illinois Commerce
Commission fixing the present rates of fare on Surface Lines which
ordinance and
dealt
we
valuation
unified, modernized
to
1941
report
of
difference
of-^
in the determination of value for
reorganizat'on purposes.
Supreme Court has repeatedly held that
capitalization of reason¬
figure
that
Lines
these
at
this
value"
of
purpose
purpose
for
reason
cash
weight
to
initial
directed
considered
advisory
our
Surface
have' been
figures
.
"fair
bearing upon such factors as revenue passengers,
operating expenses,
city compensation and taxes and other supporting information, and
'7
'
is
The Centerville-Paris
relocation, began 7n June, 1945, resulted in
reducing the mileage from 21.98 miles to
slightly over 18.
The old
trackage had many two and three degree curves
totaling 813 degrees
Jn the distance, while the
new line has a
maximum curvature of one
degree and a total of only 82 degrees. There were three
miles of
parties
efforts
In
favorable
more
the
Chicago expressed in the
arrived
$138,000,000.
with
completed
these
properties of Surface
$12,000,000 relocation pro¬
was completed last week when trains
began operation over a new
roadbed and track between Centerville and
Paris, Iowa, it is announced.
This line relocation is the third such
project to be completed'-on
the railroad's Golden State
Route, and work has already begun-'on
two more, one
between,Floris and Paris, a distance of 16V2 miles, and
the other
between Ainsworth and
Brighton, a little over 17 miles.
When all projects are
completed, there will be approximately 90 miles
of new roadbed and track
between Kansas City and
'
^
reorganization
of
part
figure
ing
■
Lines'
for
valu¬
retirement
.Peck was the only exoert witness at the
hearing on the authority's
plan who made a specific est'mate of the future
earnings of Surface
LlneSi 'His estimate of $7,500,000 after '"normal
peacetime""Income
taxes and after a five-year modernization
period seems unreasonably
high.
He did not accompany his prediction of net
earnings with data
stock¬
and
earn¬
lowest
and
depreciation, taxes, and city comestimated and also because estimated
the
has
earnings is
organization proceeding.
000,000 rate base or $7,680,000 which he capitalized at a rate of 5V2%
resulting in a figure of $139,636,000.
On the basis of these two cap¬
italized figures and his consideration of the various
factors affect¬
Pacific Ry.—Completes Step
Island
separate
valuation
and
Surface
Peck
Another
as
the
proposals.
data
was
fair
*
in Relocation Project—
^
efforts
City of
also
Each share of Pere Marquette common
stock to be exchangeable for
a
share of common stock of the
Chesapeake & Ohio—V
&
the
this
,
649.
and
his
at
pension
authority.
Some of the fac¬
in arriving at his conclusions
as
to
these
demand for unification of Surface Lines iand.
ably nrosnective
after creation of a reserve of $4,000,000
and other claims and contingencies and
interest to first "mortgage bondholders.
unified
from
current
the
for
The
(4)
value
no
1945,
accrued
major
ments
a
convertible preferred stock
stock of the Chesapeake
# Ohio.
Chicago, Rock Island
Plan
the
unification.
Surface
one-half of
p.
creditors
post-modernization
because
of
prob-
cost,
the
to
failure
industry;
to establish
The
appeared
as a witness on behalf of the
objectors.
Beck stated that in his opin¬
ion the "present fair cash value" of
Surface Lines is $138,000,000 and
that the $75,000,000 purchase
price offered by the authority is not
a share of 3V2%
cumulative
and four-tenths of a share of
common
163,
(AS
plans and the city's plan were primarily concerned with Surface Lines
and Rapid Transit as unified and
modernized.
Since the failure of
uation
preferred
Chesapeake
.
Each share of Pere Marquette preferred
i
eight-tenths of
Marquette to be
31,
to
could
outstanding secur'ties. the purchase Dr'ce of othgr
traction properties in recent
sales, historical or reproduction cost of
its physical
assets, and rate base value found bv the Illino's Com¬
merce Commission.
These criteria of value should be given little-or
CHICAGO)
distribution
that
Lines
the
Testimony and
•
expenses
of
(3)
deavor
plan
initial
estimate
a
rate
to Rapid Transit.
Guthmann testified to certain mathemati¬
computations involving the capitalization of estimated
earnings
Surface Lines but disclaimed that he had himself
arrived at any
of
advisory
for
that the
operation
val-
using
valuation.
not
Bert
follows:
prior preference
Dec.
valuation.
exchange embraced in the agreement approved by the
two
share
OF
separate
employed in arriving
exnressed
Surface
general
cal
marie! contingent upon the acquisition of Rapid
Transit, al¬
though the acquisition of Rapid Transit is made
contingent upon the
system.
which fixes the conversion
price at $62.50, and will be redeemable at X05 per share on Nov.
1, 1950, or any dividend date there¬
after, plus accrued dividends,
common,
board of
CITY
minimum
a
assumptions and
the use of a 10%
applied
contemplated that the acquisition of Surface Lines and Rapid
Transit will be made
concurrently since the purpose of the authority
is to acquire and
unify the main transportation facilities in Chicago.
However, its plan for the purchase of the properties of Surface Lines
than
and
C.
THE
a
$75,000,000 for the
the
as
testified
Transit
security
comprising Surface Lines than a valuation based on prospective earn¬
ings
of
unmodernized
and
separately
operated systems
operating
without city franchises.
One of the principal contentions of the
objectors to the authority's :
plan is. that Chicago Surface Lines should be considered and valued
as
a
separate operation and that such a valuation would be
greater
preferred stocks
stock.
OF
to
most
considered
(1)
valuation
has cash
was
TRANSIT AUTHORITY
as
stated
an
available
market
CHICAGO
rate,
arrived
his
on
transit system; was-derived
Chi¬
distribution^ as of the date of transfer.
lieved
for effecting exchange of Pere
Marquette prior prefer¬
for stock of the
Chesapeake and Ohio, the
latter company will create an issue
3y2% cumulative-convertible pre¬
and
in
examination
ultimately be available for distribution to security holders,
approximately 85% of this sum will be available: in cash
considered
As the medium
ence
arate
chapter X of
provisions of
he
Lines;
versity,
authority also
available
Newport
and
News
of
in
total approximately 5,000
embrace
the
to
for
and
pf Surface Lines
;
Application will be filed with the Commission, probably this week,
authority to weld the roads together as constituents of an enlarged
Chesapeake and Ohio System. Stockholders of the Chesapeake & Ohio
Ry. will vote on the merger at their annual meeting in Richmond,
April 23, and the Pere Marquette stockholders, at their annual meeting p
fn Detroit, May 7.
V
would
commission
Lines
10%
approximately $67,000,000; (6) the fact that fare increases are not '
immediately obtainable to offset increasing
operating costs; and i7) :
the effect of automobile
competition upon gross revenues.
' :
/ * 7
Harry G. Guthmann, professor of finance at Northwestern
Uni¬
Earnings and valuation data and testimony presented at previous
hearings on the 1941 plans of reorganization, the trustees' 1944
for
It
this
to
that
portation
proceeds
the
to
lowest
to
$145,000,000
favorable
opinion that
material
stated
taxes
operate;
face
sug¬
ON EARNINGS AND VALUATION AT HEARINGS ON
AMENDED PLAN:OF CHICAGO TRANSIT AUTHORITY
,
merger would
to
II,EVIDENCE
Robert R. Young will be Chairman &nd Mr. Bowman President of the
merged company. All vice-presidents of both companies will hold simi¬
lar office in the merged company.'
p The system created by the
miles
of
main-line
mileage.
the
of
distributable
amounts
acquisition of> Surface Lines;
this
With
and -Purcell,
,
had
commission
He
in
which
fact
the
is
presented to the stockholders for election
nomination
the
investors
values /were;/,
It is
Vice-Presldfent and General
Purcell,
the;C.') &
to
'
'
>
meeting of the company, ' Mr. Newton requested that his
withdrawh
be
name
Robert
elected
were
at the annual
'
and
Bowman
tors
capitaliza¬
indicated valu-
84,149,000,
5.397%
of
his opinion that the present
properties is $65,000,000 for the
Rapid Transit
proposes to pay $12,162,500 in exchange for title
properties of Rapid Transit, exclusive of cash, accounts recelvablt and real property not used or useful in the
operation
of the
transit system.
It has estimated that approximately $15,000,000 will
agreement
on
,
Counsel,
of
aggregating $125,986
court
amended
available
payment
The
to
annual meet-
April 23, at which time the merger
will be submitted to C. & O,, stockholders*
candidates
report
the
THE
OF
our
reorganization
the
upon
emergency.
resignation
company
rapid
and certain minor changes, the
authority's plan does not
substantially from the proposal and plan of the City of Chicago.
provides for the payment of $75,000,000 in exchange for
after
..
of
of
$88,100,850
holders as
consummation of the
merger programs He will thus succeed Carl F. Newton who last month
announced
his resignation
as
C. & O.
President to return to the
practice of law with the New York law firm of Donovan, Leisure,
Newton Sc Lumbard,
which he left in December,
1942, to liead the
Marquette
and
private
authority.
title > to the properties of Surface Lines, 'including the several renewal
and: depreciation funds, annuity and ticket' or token reserve funds
and all accruals to each of said funds up to the date of
transfer.
The
authority has estimated that
the
$75,000,000
purchase price
together with net current assets of Surface Lines would amount to
The boards of directors of this company,
named
lines
and
from
gave
Lines
savings
constitutionality of the
the Supreme Court of
by
$123-
and
computations
Lines
the
least
?ay be hl£her than
i
objectort
levels may not be mainUined.
Surface
The, plan
in 10 equal annual instalments.
,7 Merger Agreement Approved—New President Named
O.-Pere
surface
The
using
further
high
Kle nman
these
differ
The certificates will be dated March 15, 1946,
also
FvJ™*
Transit
in
Rapid Tran¬
ap-s
varying
his
as
$4^400,000 which he
be too
traffic
April,
in substance
adopted the recomreport by providing for (1) waiver of
the city's claim to the escrowed
"City Compensation Fund" of ap¬
proximately $6,000,000, (2) retention by the trustees of net earnings
uo
to date of transfer, and (3) allocation of the funds
available for
distribution to security holders according to their
priorities.
Except
and will mature serially
&
the
report pursuant
as amended.
authority's
mendations
.
C.
in
He
might
his
Surface
his
on
Surface
allowances, labor
Bankructy Act,
I. AMENDED
bids on
certifi¬
cates of 1946.
They will be used to finance in. part the
purchase of-200 70-ton all-steel covered hopper cars
%nd 500 50-ton all-steel hopper cars, total cost of which
will be about $2,216,496.
Bids are to be opened at noon
boards
of the
upheld
was
share,
per
distribution,
and: supplemental
Issue—The company has announced it is inviting
an issue of $1,750,000
of serial equipment trust
The
purchase
city's plans.
authority
1945.
ASSIGNEE
combined
enacted
amended,
*
the two roads.
statute
of
ings
ation
were
submitted
Chesapeake & Ohio Ry.—Invites Bids for Equipment
March 7.
Illinois
for
for
and
He stated
ably be justified.
7%,
the
for
Kleinman made various adjustments
figures set forth in our report and
capitalization
valuation
$42i000<000
capitalization
to
of
$14,008,000
ranging from, $148,398,000 to
valuation
assumptions
^®te;
negative
authority,
and
of
maximum
a
10%
$333,100
$452,835
•
the
under
the
Nov.
on
would
the
Total
by
rates
5%
Lines
the
earnings
favorable
to
consummate
creating
six
the
at
cago
Railways Co. consolidated mortgage Series A bondholders and
purchase money mortgage bondholders and Chicago
City and Connecting
Rys. collateral trust bondholders would be
correspondingly reduced.
The .committee representing this
minority stock has acquiesced in the
plan as thus amended. '
At the-close of the hearings, the
authority's plan, as
$333,100
.
last
it
established
was
power
to
available
$452,835
to
•
the
Co.
9,219
—
Total
*?
314,046
423,879
—-
sold
$19,Oo4
$19,737
«•»—■ %
security
entitled to participate under the
city's plan.
Objections
authority's plan were urged principally by the committee rep¬
resenting Chicago Railways Co. consolidated mortgage Series B bond¬
holders and by the committee
representing the publicly held minor¬
ity stdck of Chicago City Railway Co.
Hearings were held before
the court
commencing Oct. 15, 1945, and ending Jan. 18, 1946.
On Dec. 13, 1945, the
authority filed an amendment to its plan
whereby. *the publicly held minority stock of Chicago City
Railway 0
during the year totaled $14,268 on the preferred stock
.
enacted
approved
properties
gested
and $11,961 on the common stock...
ASSETS-
the
to
of
a
assumptions
from
Surface
behalf
Rapid
resulted
and
various
upon
varying
of
On
authority's plan for purchase of surface lines was approved,
adopted by six committees/representing depositing bondholders of
the
f ederal income tax on security profits amounted to
to
Cash"
submission
ations
equi- : *
and
The
and
The net profit on securities
'
voters
statute
$97,722.
Dividends paid
"fair
4
$25,590
,$21,620
$26,264
$6,348.:
^
securities,sold,
legislation
authority
Illinois
"Net
"Exclusive of profit on
the
was
rates
plying
with
3,969
-
•
4,626
its
-
plan
for a
Surface and
Based
tion
plan
acquire, maintain and operate a transportation
lystem in the metropolitan area of Chicago, 111.
On April 23, 1945,
the City of Chicago
passed an ordinance granting a franchise to the
authority and subsequently assigned to the authority all rights of
,
$30,890
1,297
—
warrant
•
purchase
the
a
amended
The
1945—12 Mos.—1944
.
to
to
held
court
approved
15
■
the
1945,
.
Earnings, 3 and 12 months ended dec. 31
Authority
Transit
systems.',: The
so. as
Feb.
on
plan for the purchase of the properties of Chicago Surface
Lines, as 'well as an amended plan for the purchase of the proper¬
ties of Chicago Rapid Transit Co.
$883,258 com-4
of 87/2/f.
$(5.64 per
Corporation ended the year with a net asset value of
pared with $470,772 at the beginning of the year, an increase
net asset, value of common stock rose from- $2.51 to
share or 164%,1 1
xyr'-:p^:P\" ' 'l':;""..■:■
The
Igoe
year authorized the transit authority
overwhelmingly June 4, 1945.
The SEC in •' a supplemental report' dated Feb. "8 on the amended (
plan of reorganization proposed by Chicago Transit Authority (as
assignee of City of Chicago) stated:
,
"
:
Subsequent to the filing• of the commission's report on the plan
of reorganization: proposed by the City of Chicago, the Chicago Transit
Authority (as assignee of the City of Chicago) on Oct. 8, 1945, filed
and
an
investment Corp.—Annual Report—»
Chain Store
;
State
L,
.
897.
p.
lines
and. feasible
holders."
"
7'
'M
together with $4,000,000 to be received from the sale
of additional shares of common to Niagara Hudson Power Corp., par¬
w.ll
public
Judge. Michael
Metropolitan
Elevated
table
into component' values for
Surface Lines and
segregation of our total valuation of $109,700,000
708,000 for Surface Lines
sit.
Federal
has 'registered 200,000 shares' of cumulative Pr®"
with the Securities and Exchange Commission.
The snares w:li be offered for sale at competitive bidding, and divi¬
dend rate will be named by the successful bidder.
The price to the
The
ferred
report
His
able—
Preferred
Central New York Power Corp.—Registers
Monday, February 25, 1946
of
the $75,000;000 purchase price,' together with general
at
$10,500,000, among those security holders who
participation under the trustees' 1944 plan.
This distri¬
bution did not recognize the extent to which the general funds were
owned by the several companies comprising Surface Lines, nor did it
estimated
funds
were
allowed
adhere
Our
to
the
report
doctrine
of
absolute
priorities.
/s-
recommended, the .retention by each of the component
own general funds, and the distribution of these funds
companies of its
together with the $75,000,000 purchase price according
to the priority
rights of the security holders.
In
accordance
with
the recommendations
in
report, the author¬
ity's plan provides for retention by each dompany of its»own general
funds
and
also
for
the
return
to
each
of
our
the
companies
respective contributions to the City Compensation Fund.
of
their
The author-
Volume
ity's
163"
however,
plan,
Number
provides
4467
for
THE .COMMERCIAL & FINANCIAL CHRONICLE
the
of
distribution
$75,000,000
in
pur¬
chase
price on a percentage basis which differs slightly from the i
percentage allocations recommended-in our report, as shown below:
the
will
v
morning and 5:30 in
leave
between
at
12:15
the
two
in
the
cities
the
while from Ottawa planes
at night.
Flying time
163, p. 776. ;>•.
afternoon,
afternoon
is
three
*
\
'
<
.*.
.
•
<,
1
.*
'
•
,;
t
,,
Advisory
♦
\,
•
Essentially,
Surface
based
the allocation of
Lines
the
among
the
upon
actual
percentages which
tion.
Tne percentages
based
of
used
we
.93
in
based
iurn
which
V
Chicago City Railway Co
—.s
Calumet and South Chicago Ry,' Co._Y-:.
Street Railway Co. and Chi:
v
'
vx V J
>
'•>
•-
*
c/'C•; *«
1-'>' «
the
percentages
the
percentages
*
percentages used in
adopted
in
.
(3)
plan
Net
y
$1,788,389
ry.
$1,122,867
The company will redeem
convertible preferred
136,386
309,239
249,191
and
income
2,241,938
,
r
14192,749
10,746,777
5,168,947
3,734,582
3,182,651
2,729,605
■
-
2,738,386
this
v.
v ■'-'
poration itself.
$75,000,000.00
sold
do' not
we
report
our
warranted
feel
are
determinable with;
differences in
more
the
urging
in
President, states:
:
completion -of integration
The
those
provides
the
the
the
lor
Period End. Dec. 31—
.
:
35,008,949
18,799,438
&
depletioiu^
Federal
•
City
.
„
excess
$
■
■
*
taxi
profits
;
.
2,470,033
9,898,160
2,144,2407,991,596
3,100,4b8
6,896,958
;
basis
28,330,385
24,993.460
87,762
194,344
5,845,719
742,403
28,524;729
5,487,152
.
Chicago-Railways Co., and also that
side companies' earnings has been unfavor¬
Rahway Co.- Counsel lor-the-minority stock¬
:
,
and
reasonable
compromise
stockholders
.
will
receive an estimated aggregate initial distribution of $25,286,204,
which is $2,358,000 less than the amount that is due them.
Since
there is 110
controversy to be compromised between these bondholders
and the minority
stockholders, obviously any iunds improperly diverted
Chicago City Rui.way wou;d, if recovered, inure entirely
benefit
of
the
bondholders.
opinion is unfair.
This
unfairness is not
For
this
the
reason
♦itarns,
the
(on
bur
-
The
essential
fact
is
that
this
is
company
insolvent
rights to additional funds wouid on.y operate to
the participation of these bondholders^ 1
'
>;7
-
IV.
'
and
increase
under
246,421;
,
is fair,
Power
during the
The
with
plans involve purchase of the properties of Surface Lines
Rapid Transit, no question of feasibility is presented by the
plans
these companies and their security ho.ders are concerned.—
V. 162. p. 1765.
•
«'
' '
Clark
Sts.,
Chicago,
111.—V
—
5,887,402
2,927,715
passengers
.
..
v,
Feb.
10,621,471
had
of
of
the
and
asked
<'
other
many
for
to
31,
1944.*
Cr42,989
remaining
163,
6,453,640
,
dend—To
!
in
•
on
Feb,
20
ordinarily declared
decided
to
of
for
one
1946,
defer
about this time,
action
but
the
on
declared
on
the
into
$5
other
any
to
the
gave
in
Feb.
p.
of
The old
because
1
material
of
shortages,
*■
3070,
Colonial
.
Airlines,
stock
common
to
"special
shut
down
203.937,000
New
completely on
4—V." 162,
first
on
Feb.
19
commercial
city.in the United States,
Board
The
city
-
«•
few
a
corporation
foi
v.;,..'j.
months
this
•
--v ,i
new
is
ago.
air
inaugurated
and
was
the
to
a
international
new
'
VY
scheduling
From
New
v
Canadian
capital
authorized by the Civil
/
■
initially
service.
link
..
flights
planes
from
from
leave
at
each
8:30
<■.•;Y-r-:;v
stock
pfd.
cumu.
common
stock__——
—
and
•
.
This
is
stock
CONSOLIDATED'
5,690 292
,
SHEET
BALANCE
4,678,950
DEC.
and
hand
on
at
the
demand
including invests, in & net advances
to associated companies——.———
Security Investments, at cost
Deposits with- mutual insurance companies-—
3,657,695
1,301,816
3,417,515
1,549,656
S.
and Canadian Govt. Securities,
and accounts receivable
at
the
lower
♦Fixed
of
cost
or
assets
"Y*
payable
—
fund debentures & premium
Interest on
have
'
until
in
time
$102.53
776.
3%
on
expenses-
*
87,500
low
1.300,073
4,675,986
655,741
1965
($20 par)
57,157,220
57,07^420
19.53 3,223
23,942,061
21,647,480
—
—
Total
——
-
35,000,000
15,000.000
—-r——
surplus
694,719
34,300,000
—————---
surplus
"Capital
Earned
1,465.566
10,952.170
sinking fund debentures, less
—
sinking fund debentures, due Dec. 1,
Preferred stock (150,000 shares no par)
Common stock
-
ly.462,758
177,667,298 160,755,192
♦Property, plrint and equipment at actual or estimated cost (includ¬
ing $1,042,281 properties not used in the companies' ordinyy business)
-after reserve for depreciation of $44,934,208 in 1945 and $36,994,020
in 1944.—V. 163, p.
777^ '
,6ornell-DubiIier Electric Corp.—1944 Renegotiation—
'in
bf
The
:
■.:
has been notified by the War Dep
that renegotiation proceedings for the fiscal year
have been concluded, and that the boaia nas
company made no excessive profits in that year,
corporation
Board
Adjustment
SeDt
30
found
that
th4
rnnseauently.
no
1944,
refund
will be necessary.
_
.
_.
_
'
Renegotiation; proceedings for the fiscal year
have
not
yet been
initiated.
It is the corporations opinion that
DroHts
on
renegotiate war business for that year we*e also such
that
no
refund
will be necessary,-v principally because of forward
nricin*7
of
the
Navy
Price Adjustment Board,
more difficult test
>^1-
•
-
140,625
68,625
1,123,140
7,200,267
'
*-<-■*—;;
3%
p.m!v on
^ y.\
receivq
redemption
L—
Premium
date
will
on
87,500
—
Reserves
b^'sis
convert
———
———
on preferred stock—
—.——
accruals
Liability for past service annuity premiums—
been
5
—
1,916,504
^84,630
——■-
—
debentures
Other
8,378,788
717,850
1946
;
Dividend
"•
(the
;
;
•
8,836,905
:
—
thereon
sinking
payable Nov. 30,
liabilities;
621,312
70,852,113
2,064,491
177,667,298 160,755,192
'
j
3%
2,341,898
—
'
-
LIABILITIES—
Accounts
576,373
73,906,192
—
Payrolls
Tax liability
have
23
9.466,995.
5,123,090
,
Jan.
•
44,527,062
rate- aS
^
debentures
since
10,759.965
deposits afc- banks
at cost-
53,802,923
7.2
same
31
1944
$
market—-
the redemption on March 9,
debentures).
Holders
of
the
interest
24.
$2.12
depletibri'I^rbvided
23,132,959
10.3
209,649,000
convertible
p.
6,206,945
21,647,480
10,115,498
10.7
or
163,
new
extension sets
.,
March
23
as
the
deadline
"
*
,
Weekly Output—
y
The
a
;y;.-
daily
will
of Jan.
on
21,204,938
11.2
for
the
'
of
this
weekly
'
kilowatt-hour
corporation
adjusted
.
output
to
of
show
electric
territory served for the week ended Feb. 14.
a
as
compared
with
266,545,430
decrease of 36,569,534
or
for
13.72%,—V.
energy
"
of
.
..
the
'>
-
subsidiaries
business conditions of
1^46 amounted to 229.<v?s.i
general
'"
896
filing of
'/
air
Aeronautics
.'v-:' .v..,,
two
York,
sell
1,000,000
6,044,985
5,767,560
JV 440,625
—.—
% Dec.
208,205,000
Eclison
accrued
4,913,000
.
"The.
corporation
the
to
3,687,000
■
Invests,
and
order
$3.75
on
properties and equipmentLaLiYy-4--
Inventories
Exchange Commission on Feb. 15 granted the re¬
quest of the corporation for an extension of 30 days in which to file
a recapitalization
plan in conformity with the suggestions made in the
Commission's
York-Ottawa
'transportation service between New York and Ottawa, Ontario, Canada.
is
fail
and
149,263
1,028,872
1,557,421
Y4- Depreciation
Notes
Commonwealth & Southern Corp.—SEC Extends Time
The Securities
..v
3,742,579
surplus
ended
,
taxes^*Y-i_-4--^i,-ii-.-i.~
ASSETS—
to the fact that, on the
of Edison stock and
debentures, holder^'tthb
their debexitures by 5
p.m. on March 4 in order
of the conversion
privilege will incur a subslafillitl
of debentures.—V.
$100
plans.-
It
who
516,914
.
24,663,393
U,
prices
value
72,172
2,853,953
Cash
com¬
'207,307,000
3VzW
of
•:
101,231*
;v51,028.872
-—
profits taxes—*——
excess
declared
above on
sell
premium
Route—
The
the
Holders
for
secur.;; Y
assets and
debentures—
Accrued
outstanding
each
.
Inc.—Opens
obtain
loss.
or
3%
on
&
It,---
23,191,032
received
March
reopen
market
securities
on
interest
Total '
"
182,910,000
the
interest
and
2,855,050
capital sur¬
1945
paid since Aug. 1, 1942.
of
and
dividends paid
NOTE
capital stock
1946
amount
principal,
1945.
would
current
363,136
2,471,885
year:
announced.
remaining
do not convert
common stock, as against 20 cents on Sept. 7, 1945.
In
each share of no par value common stock was teclassified
one-fifth
share of
4'/4%
preferred stock,
par
$50,
and
four
$5, par value common stock.
the
17,340,035
•
earned
21,647,480
written off cost of properties ^acquired to
■177,303
giveYeffect to appraised or book; yalsiqthereof
Earned; surplus December, 31 w■ 23,942,060
Earned, per eommon';share-*_*4—*-^^4k«Orfc--^:
extension
which to
Mr. Freeman again called attention.:
f
par
cents per share on March 9 and June I,
The
company announced
that the plant
of
290,368
12,269,834
expenses
accounts..-...-
,
unexpected
an
common
Columbia's
balance of $10,000,000 of convertible debentures
March 4*to convert them into Edison stock. -
common
the
1945.
shares of
60
like
286,284
income'C—_
and
Amt.
comply
to
year
185,987,000
Freeriian
a
16,593,872
I
455,795
notes
Previous
The
184,169,000
$5,900,000
into
invests.
11,440,892
Y 542.657
Balance
on Feb. 13 declared a dividend of 35 cents a share on
stock, payable May 1 to holders of record April 5, Chair-
of
r
9,153,619
doubtful
income
Cash
land $15,999,-
1945
which the board of directors-authorized
on
regular
quarterly dividend of 53 Vn rents per share on the outstanding pre¬
ferred stock.
This action was taken pending clarification of
present
material supply in Government pricing difficulties.
The company on Dec. 7, last, paid a dividend of 30 cents
per share
June
total
converted
Divi¬
y
12,645,726
112,811
Dividends
$0.59
.
Co.—Weekly Output—
i
Y.
1944 '
'
"
expenses.-^..:181,871,822 148,224,878
Prepaid expenses and deferred assets
with last
the quarterly dividends
Reopen Plant March 4—
directors
The
dividend
$
disc.,
206,07i;252-174,337,505
operating
and
Jess
revs.,
;
•
194,567,000
Charles
A
Common
on
CALENDAR. YEARS
Net:'
»
t
*
898.
p.
,•
capital
sold
for
Provision
The directors
_
the
man
goods
Provision4 for income
$5,900,000 of ZVz% Debentures Converted Into Stock
The company on Feb. 18 announced the declaration
of a quarterly
"dividend oi 3b cents per share on the common
stock, par $3.33Vh, pay¬
able March; 26 tcv: holders of record; March
15. Four quarterly paymerits' of 25 cents each were made during 1945.—-V,
162, p. 1765.
h
Co., Inc.—Defers Action
Corp.
1945
calling for restoration
19
Clorox Chemical Co.—Dividend Rate Increased—
of
COMPARATIVE
provide
«
26.^
con¬
corresponding week in .1945,
163, p. 8J8.
Y'f
.
•
acquisitions, either stock
the Gould Paper Co. of
13,709,726
regulatory bodies.
extension
an
—
Jail.
taxes,
other
or
ground
of
STATEMENT ;FOR
and ^operating
"returns., andd allowances
Interest
-
; Coleman
decline
Co.. of
&
Machinery
Can
los&" on sales "of. capital
Interest, and exchange Y.i»—
were
divestment
balance
2
ended
for
reserves
12 months ended Dec.
31,
order
an
Jan.
,
;
.
Fibre
sales
Provision
>3,976,035
$0.74
property
Week Ended—
Feb.
9....
$o2,677
10,474,040
——
163, p. 469.
manufacturers
Net
723,029
15,467,702
.6,453,640
,
Commonwealth Edison
1945
$63,145
price
Appro, for inven; price decline or other contin.
,
percentage comparisons
—-
Y.,
Selling, advertising, general & admin,
Electricity output of the Comrironwealth Edison group of companies,
excluding sales to other electric utilities, for the week ended Feb.
9,
showed a 10.3%» decrease from the
corresponding period of 1945.
Fol¬
lowing are the kilowatthour output totals of the past four weeks and
126
1946
——
Revenue
—•V.
for
plus account."—V.
Cincinnati Street Ry*—EarningsMonth of January
Net
income
inventory
President, states,
"Other
purchased for cash, included
N.
Bamberger-Kraus
Dividends
1,376,266
3,656,619C/-44.067
during the 12 months ended Dec.
company
the order
ply with
of the outstanding first mortgage 6V*'/i> sinking fund leasehold
bonds have been ca.led for redemption on March 15,
1946, at 101
Payment w.ii be made at The First National Bank of
and
for
year
and
all
caps;
Other
„
p. 3032.
:
Crl,925
992,736
Crlo,072
interest.
Monroe
of
earned in 1944 before taxes and appropria¬
wood pulp and spe¬
Pittsburgh,
manuiacturers of
of Rutland, Vt. makers of
paper
can
manufacturing equipment,
and in January,
1946, Filer ■;
Fibre Co.. Filer City, Mich., manufacturers of sulphate paper.
; V'y
"The prices of
cans
continue to be controlled under government
price regulation and are at about the same level as in 1937.
Costs ;
have greatly increased since
1937, especially during the war period,
and are still advancing,"
;
1
*
<
Sec,uritips^and Exchange
account
Dearborn,
profit
■
for the year
$11,067,560 before
Net. operating income
2,456.886
1,077,258
654,088
234,889-
delay in completing its program but the Commission
of six months.
:
i
""
*
The SEC also has extended until Dec. 31 the time
Chicago-United Artists Theatre Corp.—Calls Bonds—
Chicago,
3,040,929
Commission on Feb. 18 gave the cor¬
poration until May 29 to divest itself of its two major electric sub¬
sidiaries, Cincinnati Gas & Electric Co. and Dayton Power & Light Co,
sought
indi¬
as
insofar as
All
board
Falls,
Total
348,733
'669,442
Commission
dividends
The
and
and
assets,
Extension of Time Granted—
Since the
gold
the
or
Cost
25,239,881^
2,225,078
shs.)
provisions
422
separate plan
a
233,038
share
com.
and
authority's amended plan of reorganization for Surface Lines is
fair except for the provision for payment of
$123,986 to the holders
;
»pf ; the Chicago City Railway Co. minority stock.
'/...v: The proposed upset price for the properties of Rapid Transit
acquired by the authority
cated in our advisory report.
that
net
Report—•
report
1945
made in December;- I9'45rand pro-,
visions for both the three months' and
12 months' peiiiodsoerided Dec.
31, 1945, are correspondingly lower.
tO! these amoiihtb) $15,729,110
was paid to the
corporation ,jby the subsidiaries in the form,.of interest
The
to be
•
12,223,256
Federal
'
CONCLUSION
of
Lyons
Gross
4,489,005 f20,811,599 119,742,067
.183,902
larger part of the adjustment's
;
,
,
consolidated
in
made
subsidiaries,
12^083,751
the year 1945 have been
adjusted to; conform with the depreciation and
depletion method ^ of
providing such reserves prescribed by the System of Accounts of the
avoided by the provision whereby the bond¬
Co. are assured of receiving the same
received under the plan prior to the
asserted
614,211
384.100
....
incomVdividends paid
per
♦The
holders oi Chicago City Railway
amount which they would
have
amendment.
"
'6,971,860
net
Preferred
an
year,
.
corp.
expenses
Consol.
.
the
in
amendment
-
-
to
3,195,483
Fed.i State &t oth. taxes
Int., &c„ fixed chgs..t
Miscellaneous
income.-.
can
iast
oi
,
4,489,005 t20,811,599 fl9,742,057
Admin is.
participate.
The amount of Chicago City Railway first mortgage bonds out¬
standing is $27,644,550.
Under the p.an,: the ho.ders of these bonds
from
Co., Inc.—Annual
owned
CONSOLIDATED INCOME
8.437,649
COLUMBIA CAS & ELECTRIC CORP:?
Bal. applic. to corp....
6,971.860
is, of course,
permissible. • However, r.o ; controversy exists between '• the minority,
stockholders and the first mortgage bondholders of Chicago City Ry.
who must-!' underrthe strict; priority doctrine be made wnole before
these
Bal. applic. to
Y
controversies
01
10.551,443'
—x—,
holders' committee stated in argument that the amount diverted from
Chicago City Railway Co. was about $1,600,000..
fair
week
sales
volume,
through
curtailment of war
"Although
declined after the end of hostilities, total net sales and
operating revenues for the year increased to $206,071,252, compared
With $174,337,505 in 1944," the report stated.
y
Renegotiation has been completed for the year ended Dec. 31, 1944,
resulting in clearance without refund to the Government; y.y
"During the year, plant sites were acquired at Weirton, W.; Va.,
and Pittsburgh,
Fa;, and work was started on the erection of - a
modern can plant at Sacramento, Calif.," Carle C. Conway, Chairman
,
; <8.817
^
Gross corporate inc.—
Int., &c„ fixed chgs..—
Pid. divs. and minority.
interests
to
the south
to• Chicago City
corresponding
898.
-
for the payment is stated to be a compromise of claims
by the minority; stockholders to the effect that the division
earnings between Cnicago Railways Co. and the south side com¬
A
Can
wholly
and
1945,
31,
tions
10,224,935
5,757,957
i;909,34l:
Cr246,338
asserted
panies has been too favorable
the
p.
...
2,266,291 '
income' taxes^- "
Net oper, revenue—.10,502,626
Other income
,
.
output
the
for
tingencies.
35,851,715 137,694,309 137,829,875
18,302,736
71,498,307
66,o40,808
4,076,261
13,078,903" 15,549,271
;:2,377,'591
eral income
Fed.
_
.
System
purchased)
and
production,
1945-—12 Mos.—1944
.$*
*
Operation & maint.Jw-^;
Railways .Co.
The effect is to decrease the distribution
to the Consolidated Mortgage Series A and Purchase
Money Mortgage
bondholders of Chicago Railways Co. and the Chicago City and Conneciing Collateral Trust, bondholders.,
/
-*'
able
for
163,
compared with $15,644,985
crown
:.$■■.
revenues
Chicago
0/
kwh.
Continental
.
1945—3 Mos —1944
"■
♦Deprec.
that
announced
20
generated
1.2%.—V.
Company
Taxes, other than Fed-
division
of
cialties;
SUBSIDIARY COMPANIES:
Gross
"Vx/:"1:-;.'7-".'
1946, amounted to 180,500,000 kwh., compared with
176,100,000
Dec.
companies. ;
Also,
certain
retroactive
adjustments
werev
made during the last quarter which account for the decrease in the
provision for depreciation and depletion during that period as well as
during the entire year.
companies in the same ' proportion in which they currently
participate in the earnings.
The amendment provides, however, that
part of
the $123,986 shall be charged against or defrayed by
the
Feb.
on
(electricity
increase
subsidiary
.
through
In
Accruals to property reserves have been provided for this
year under
the depreciation and depletion theory prescribed
by the Federal Power
Commission's system of accounts and by many other regulatory bodies.
These annual provisions are less
than they would have been under
the retirement and depletion method of
accounting previously used by
of
Co., New York, N. Y. Funds for
a $500,000 10-year bank loan.—
Manhattan
y".y •;
company
17,
with
'■,other;:fixed:,chairgesY.YY%^y;Y^
1—The authority's Amendment
payment
Lines'
of
the
of elec¬
week ended
184,200,000
kwh. for the corresponding week of 1945, a decrease of 2.0%.
Local
distribution
of
electricity
amounted to
178.200,000
kwh., compared
Feb.
Operating expenses' continue to rellect increased costs of labor and
cost or gas purchased.'
These costs partly account for the
decreases in income and excess profits taxes.
The remainder of the
tax decrease results from the non-recurring tax^reduction
arising fromthe refinancing of the Cincinnati and Dayton
companies.
An amount
equal to the non-recurring tax reduction is included in-Interest and
accrues to,the benefit of holders of the Collateral Trust's bonds..
The
of
62%
will be secured
purpose
tricity
1
,
increased
that
correct tnan
neany
i
respec¬
.no
*
Bank
stock
to
Consolidated Edison Co. of New York, Inc.—Output—•
the meantime, several minor investments have been
accordance with the Commission's orders.
>
;
in
the
at
amounting
162, p. 3071.
^Corrected figures.-—V. 163, p. 649.
'Work
dividends
made
toward the
is proceeding satisfac¬
torily and it is the present intention to lite applications with the SEC
within
the next three months, detailing
plans lor the disposition of
the Cincinnati and Dayton properties and the refinancing of the cor¬
>
Of¬
Philadelphia—Stock
March 15, 1946, all of the $2.50 cumu¬
outstanding on that date at $52.50
cents per share.
Payment will be
on
lative
132,549
15,527,983
17,031,687
4,578,248;5,725,624
;
—
oper.
$1,226,356
32,482
■
of
Compo Shoe Machinery Corp.—Stock Redemption—
jf'ii-1942
201,729
«78,750
,
Co.
,
1943
Columbia Gas & Electric Corp.^-Tentative Report—
The sum of $125,986 required for this payment is to be taken from,
the Joint reserve "which is to be created by charges against the Surface1
:
$1,386,987
♦103,676
-
1
railway
railway
Stuart M. Crocker,
$14 per share, or a
total of $125,986 to the minority stockholders of Chicago City Railway
Co. who have 8,999 shares of the 180,000 shares outstanding.
The
remaining 171,001 shares of this stock, which are an asset of the
Chicago City and Connecting Railways Collateral Trust and pledged
to secure the outstanding bonds of the collateral trust, are accorded
no
participation under the plan... However, the other pledged assets
securing these bonds, namely, ail of the stock of Calumet and South
Chicago Railway Co., The Southern Street Railway Co. and Chicago
v»hd ;Western Railway^
iare acborded ;participation^ ini the plan ^
because of the solvency of these companies, and all of such partici¬
pation
$7,175,634
--ri
from
♦Deficit;
841,102.50
the
its
to
V
•
-
readily
the
as
FAIRNESS OF AMENDMENT NO.
1
;
Increase
1945
v- v;
1944
■
$1,069,965
„
.
tl945
■
—
income
oper.
Net ^from
-
'
.
»
authority's plan.
We, therefore, conclude that
allocation
of
the
$75,000,000 purchase price, as provided • in
authority's plan, is not unfair.
No,
.
.
not
are
and inasmuch
slignt,
are
Gross
the
4,717,500-00
'
697,500.00
'
'«■
<
railway
railway
'■
■■■!
.
From"-Jan.-1—'
;
_
24,966,397.50
4,875,600.00,
,
^
1946
.
allocation
mathematical precision
tive
in
Transit
-
,
,
$75,000,000.00
Since
used
ry.
:
/
'V;-
26—
..
from
from
Net
\
24,127,500.00
and Western Ry. Co,————
cago
Gross
Y.■ 'Authority
$45,30o,000.00
$44,475,000.00
Southern
Jan.
$8,964,023
Net
price ;
purchase
(
—
"■.w^V'Vm*.''1.«'
•
Colorado & Southern Ry.—Earnings-
upon
Advisory
y.;-;>YY'■ 1^.*4yYW Y; sVcYB:YyYY■■■v Report
Y";
Chicago' Railways Co.—'YY„-Y
Ended
Month of December-
1
y.
Weeks
—v. 163, p. 308.
100.00%'
those
used !and
we
*•!»'
4
Stores, Inc.—Sales Up 24.9%—
::
Title
fered—Offering of 20,000 4% preferred shares (par $100)
was made Feb. 20 by a banking group headed by Merrill
Lynch, Pierce, Fenner & Beane and Butcher & Sherrerd.
The stock is priced to the public at $103 per share.
The
offered shares are being sold for the account of stock¬
holders
and no
proceeds accrue to .the company.—
V. 163, p. 649.
1.12
1
aggregate capitalized valuation of
companies' in our report was
among the companies and
authority's plan is presented below;
4
■
Four
Sales
earnings
were
Colonial
.
'
,
thistallocaused in the authority's plan are based upon
the: percentages
upon
.
6.29
the Court's valuation decree of Nov. 27, 1941. ^
A comparison of the allocation
of the $75,000,000
•
33.29
6.50
,
-
component
division
the
■■■;
1
100.00%
the
/
59.30%
v,V '
r*.
•
Authority
32.17
M
/
.
Transit v:'.;
:
'
60.40%
Chicago City Railway Co.
Calumet and South Chicago Ry. Co.——
Southern Street Railway Co. and Chicago and
Western Ry. Co.
Y—Y-,—
—'*
;
x.
Report
,
,
.—I,--
Y-
Commonwealth
9:30
and
hours.—V.
r
Chicago Railways Co,——
1025
SSSements
and contract terminations after V-J
Day.-V. 163, p. 899.
Crescent Public .Service Co.—To Reopen
Hearings—
hearings Feb. 26 on the application of the
"company to. sell its interests in Colorado Central Power Co. and Em¬
pire Soutlvn-n Service Co., refinancing of preferred stock of Central
vOhio Light & Fower Co. and related matters.
Empire Southern Gas
The-
SEC
will
reoperr
«*?
*'*,' " '
v
'' ' * 4
t
Kt
)
h^has offered toVurchase°
the Empire Service interests, filed a
tion to intervene in the proceedings.
The transactions relate to
cent's proposed liquidation plan.
V. 163, p. 7/<. ,
i , t
163, p, 649.
V.
>i'
t
I.
•
,}
•
8,419,411
expenses---^-fv
& repairs
and
Cost
.
273,241
$1,234,582
•holders
14,615.
and
Net
1'
■■■<
& sund. rcts.y;;-
disc.
Int.,
J—$1,489,411
~ 330,051
Profit
Net nrofit for vear
Previous
Total
divs.-i.-
cum.
>
2,634,988
$3,330,661
$2,820,064
310,415
158,856
40,768,127
6,471,437
to
-——
—
Amort, of
210-366.
618,22o
.
profits tax of
post-war
Cr324,267
$2,726,288
'
•
'
47,056
(after reserves for depreciation .of $1,015,178),
machinery and equipment (after reserves for depreciation
$1,713,5351,
$1,203,321; prepaid expenses and deferred charges,
$1,770,470;
of
2,460
plant
LIABILITIES—Accounts payable, $1,055,325; class A dividends pay-'
$204,296);
class B, dividends payable,
$48,438; sinking fund
30, 1946 on 20-year 27/a% debentures, $35,481;
Federal income and excess profits; State, and other taxes,, $1,577,624;'
compensation, interest, and other accruals, $741,483; 20-year 2%%
sinking fund debentures, due Oct. 1,
1965 (after deducting $35,000
payable to sinking fund April 30, 1946, included in current liabilities),.
$3,465,000; reserve for plant consolidation expenditures (23,308 profit
from cancellation of liability under lease added to reserve in 1945),.
able,
»
-
124,955
124,955
•124,955
7,978,985
7,934,859
7,979,326
t5,082,000 H4,500,000 tU,550,000
124,955
8,338,895
3,599,000
taxes,
-
$42,270; class A stock (par $12.50), $6,296,261; class B common stock)
(193,750 shares, no par), $1,311,321; capital surplus, $531,291; earned
$12,521,464
123,138i
operations. $13,813,710 $12,178,324 $13,525,812
Other income—
640,377
279,659
66,754
surplus, $2,407,231; total,
,
Other
Dec. 29, '45 Dec.
Net
Jan. l, '44.
30, '44
sales
of
124,284
empl. retirement fund
♦Bond redemption
$2,211,264; U. S. Govt, secur¬
ities; at cost, $1,050,000; customers' accounts receivable (after reserve
of
$5,516), $97,303;
sundry trade accounts, claims and advances,
$15,183; flour, ingredients, supplies and products, at lower of cost or
lharket, $867,419; sundry mortgages receivable, $569,667; statutory de¬
posits with State authorities (U. S. Govt, and New York State bonds
and New York City corporate stock (quoted market-prices, $159,074),
$135,397; property, plant and equipment, at cost (after reserve fordepreciation of $1,646,814), $2,011,202; deferred charges, $88,050; good¬
will, .trademarks, and organization expenses, $1; total, $7,045,486.
$449,082
800.000
fun"d_%
Pepper,"
■'
*
■
-
;
the
r-'
fountain drink and also as a bottled drink. The Dr.
made from a .secret formula owned exclusively by
as a
syrup. is
pepper
v
$800,000
797,000
'
company,
<
INCOME
CONSOLIDATED
—,
ASSETS—Cash in banks and on hand,
,
••
■»<
S LIABILITIES—Accounts
accrued
and
payable
Net
Shares
taxes
-i
-
dividend
A
of
cents
30
1945
1944
int.
bef.
Inc.
taxes
and
$1,803,686
120,953
$1,862,354
238,799
„
Interest on indebtedness
'
and
Net income
'
Addl.
?
Fed.
years
$82,449
taxes
SHEET,
DEC.
.
for
goodwill,
$467,461;
$1,638,792.
$1,016,395),
total,
income
Powder
and
payable and accrued
Chemical Bank & Trust Co.,. New York,
The
agent
the
for
of convertible
\\{,
.V;
•
f«'
f
has
11v :U
\
j
i
of
Proof
'
inherent
the
economic
vigor
of
funds
eliminate
to
amounted
to
income
in
time
^
Federal
profits
excess
•;
15.
decrease
income
in
in
the
load
when V-J Day
'the
the
war's
its
end.
Detroit
December,
new
Eastern
to
the end
with
of
the
war
in
1945,
customers
use
of
In
Edison
December,
Co.
with
had
had
war
been
electricity 60
1944,
718,865
ended
added.
when
and
The
kilowatthours
both
residence
war
1945,
accrued
no
$4,282,296
(net)
par)____
Total
11,685;549
8,406,960
debt——
1,908,390
war
(E. I.) (Tu Pont de Nemours & Co.—Earns. Decrease—
1,082,366
167,828
1,908,390
407,326
1,047,243.
156,648
-r
;
savings bonds
•
79,049
items
-
reported Feb. 18 net earnings equivalent to $6.29 a
share for 1945, compared with $6.60 a share earned in 1944. -i
dividend of $1.25 a common share as
the first interim dividend for 1946, the same" as declared a year ago
at
this time,
and also the regular quarterly dividend of $1.12 V? a
share on the preferred stock.
The
1
$20 per share.—V.
163,
65.0,
p.
The directors have ordered a
.
65,010
77,018,849
7,484,452
John J. Raskob
74,796
,
company
common
86,871
.
68,134
84,791,625
Resigns-—
John J. Raskob on Feb. 18 resigned as
29,043,176
Vice-President and a Director
of this company terminating a connection that began in
J. Warren Kinsman, general manager of the fabric
department has been elected a director to succeed Mr.
P. 2640.' ;■
■
.
Co.-—Proposes Stock Split-Up—
will
March
vote
the present outstanding
for
The
one
old.—V.
1
approving
stock on the
on
capital
a
Europe
and
pany
to
,
CALENDAR YEARS *
CONSOLIDATED INCOME ACCOUNT FOR
,
is
On
7,406
increased
stopped,
home
equal
to
the 35,000
farms
$1.37
cents
per
Net sales
50
1,
,
a
cents
no
time
.2'/a
par
split
showed
an
increase
the
and all
on
the
the
on
408,592
net
to
the
up
Federal
share
per
stock,
par. of
number
of
shares
class
of
A
.
a.nd
taxes
for
class
y
A
'
been
per
outstanding
share,
and
on
at
the
the
from:
of
renegotiated
by
the
Government
for
i ^
I94di
the company sold 40,437 shares of -class A stock
the proceeds of which were used to finance the
the
year
per
share,
purchase of Truscon Laboratories, Inc., of Detroit, Mich., and BeckwithChandler
Company
of Newark, N. J.
The purchase of these. two
.
companies
further
The
and
considerably
diversifies
company
used
most
$1,476,663
736,469
$1,669,562
626,672
$740,194
64,787
$1,042,890
$804,981
/ 91,959
247,000
.'$1,038,'403
also
of
broadens
its products.
the
•,
..
base
of
Devoe
operations
-
and
t
issued $3,500,000 of 27/e% debentures at $100%,
proceeds to redeem at $2,897,251 the 5%
the
—
income, less miscellaneous deductions---
income —
Interest on long-term debt—___—
Total
'
Prov.
same
basis
previous years, with no liability on account of excessive profits.
$60.80
•
.
.
has
.
preferred
stock and;';
changed its class A Stock
$12.50
profit
Profit from operations
stock,
.
shares
Gross
Other
shares of class B common r
Based on the same number of
after
equal' to $1
common
a
.
Selling/shipping, gen. and admin; expenses
193,750
profit
past year the company
company
During
at
was
class B
status
$9,820,523
"8,150,961
16% '
of
shares for one.
The
.
for
During the
»
$10,187,073
8,710,410
—
Cost of sales__———
(
share
share
per
shares
outstanding
dividends for 1944
,
subsidiaries,
stock outstanding at Nov. 30, 1945.
j
1944
1945
company1 in
f945 net profit; after Federal taxes and preferred.. dividends
rfe
•
the
:
(Including Canadian Subsidiary)
161, p. 566.
alone, without these
the previous year.
over
sharp
were in progress,
farm customers.
In
urban
sales of
1' '«nd 69
a
1902.
and finishing
Raskob,—V162^
Eastern Corp.—Annual Report—
proposal
basis of three
1945 were the largest in' its history
and amounted to $27,251,956, an, increase of 31% over the previous
year.
All divisions contributed to this splendid showing and, while
the sales of the two new subsidiary companies, Truscon Laboratories,
Inc., and Beckwith-Chahndler Co., are included in the total from April
1, 1945, to the end the fiscal year, the sales of the main Devoe com¬
There was a slight
production
average
in
$3,587,276
shares
$156,078
9,773
1,126,165
1,469,589
1,520,691
—v. 162, p. 1767.
Deyoe &. Raynoids Co., Inc.—Annual Report—
t
1945.
wars
and
taxes
448,694
stockholders
The
taxes
rapid
Time,
•
123,136
17,338
499,774
1,469,589
1,417,439
—_
for
387,456,536 393,020,979
split-up
and divi¬
However,
came.
Standard
$4,282,296
\
elimination of the brownout, the
reconversion of war plants
and
increased demands from other consumers brought the post-war
peak loan on Dec. 18 to within 7% of that on Jan. 15, 1945.
The report indicates that the Southeastern Michigan territory has
regained about as many of the 450.000 population as it lost due to
drop
return
provision
deposits
Dobeckmun
ordered
The company's 1945 peak load was on Jan.
and
accruals
♦Par value,
•'
to $6,000,000
.
-
stock (700,000
Surplus
Capital
Earned
southeastern
per
542,074
;
S
$60,000
payable
payable—trade creditors
Accrued expenses—taxes, etc.
Prov. for inc. ex. pfrt. & cap. stock taxes
ap¬
,
$3,587,276
notes
lien
Accounts
.
155,976
excess profits taxes
205,548
and equipment (net)
566,758
franchises & trade marks__^_—5
LIABILITIES—
•
Vendor's
127,226,000 127,226,000
763,517
•"
763,517
Total(
impounded
as
/
387,456,536 393,020,979
——
8,888
102,418 :
37,076
106,570^!;|T06,318
employees____.
cost
/•( Total
■
——
$16,450,000 to all electric customers, on a uniform
by the Michigan P. S. Commission .and approved
by the Circuit Court, is now in. progress.
'Electric rate reductions
totalling $3,000,000 a year also became effective in January, 1946.
i
the
.basis,
2,600
3,123,000
448,903
29,426
r 474,346
11,744
45,358
plant
Property,
Formulae,
65,341
..,
(
757,860
refund of Fed.
Postwar
.-3,201 >
2,935,605.
328,531
■
-
10,431,917
Customers' deposits for lino extensions—'76,536
Earned surplus
—„■_
28,960,647
•
1946 free of all rate and refund litigation for the
years,
the report says.
The work of refunding
three
•
898,000
.
Detroit and
compared
23,282
-
$932,454
840,0001
,
Dec. 31, '44 Nov. 30./45
$272,833
$2,476,436
bills—at cost—
Prepaid • expenses
Investments—at
■
Other reserves—
new
share of. common stock
to $1.20 per share.
';
amounted
Company entered
first
for
$1.25
taxes
Federal income
^
and
1944 as
in
1945. was
declared
dends
liability
$10,450,000
for
farm
■■■
Retirement reserve
commercial customers.
The
result was a record of gross kilowatthourisales in" 1945 ioniy 12^-"
below the all-time high of 1944.
The
1945
gross
revenues, $85,177,152,
exceeded those of 1944 by
$1,629,635, or 1.9.%*
This came about because the impounding of
Net
residential,
from
V.- *'
•:
general
Miscellaneous.
Michigan, a vigor sustained despite the sudden end to production for
war, is contained in the annual report of the company.
The year-end
found war plants in the area almost 'wholly reconverted to the manu¬
facture of peacetime products and a continuously rising demand for
electricity
55,341
—
Dep. by employees for H. S.
.5
Atlas
Detroit Edison Co.—Annual Report—
,
•
;
w—623,037
Due from offices and
-j
,
and
Customers'
-
,
/V'
\
y
7,489,547
273,492
5,804,500 "
:
:
Dividend declared -payable in January———
$130,832;
been
$1,043,510
840,000
SHEET
•—
Inventories
'
2,600
—
capital stock—
on
estimated
161, p. 1200.
>"
-
stock
Miscellaneous
on April 1, 1946 of all outstanding
cumulative preferred stock at $110 per share
plus accrued dividends.—V.
\
assets.
Interest on funded and unfunded
replacements
of
charges, $4,890;
N. Y„
$l,096,777
840,000
BALANCE
hand
on
Other receivables
485,431
—
—
_r——
redemption
7%
———
refund—
reserves
Property
Davenport Hosiery Mills, Inc.—Redemption Agent—
pointed
$2,065,986
3,158
1,130,373
:
and
banks
in
U. $. certif. of indeb) & treas.
Notes and accounts receivable
14,400,000
9,955,403
.
(9,756,742
,
470,378
—
■
ASSETS—
Cash
and refund, mtge. bonds 115,000,000 134,000,000
payablo (banks)—5,000,000
«*—«,•
payable —3,091,175
• 2,006,848
Notes
$57,266; funded debt (due Atlas Powder Co.), $200,000;
reserve
for insurance, $6,000; $8 cumulative preferred stock
(18,635
shares, no par), $652,225; common stock (12,907.35 shares, no par);
$1; earned surplus, $380,194; total, $1,638,792.-—V. 161, p. 877.
shares
$
2,746,246
Accounts
due
$2,613,000
5,421
.1,564,068
Detroit Edison Co. gen.
$82,654
$212,275;
stock taxes.
CONSOLIDATED
1944
,3,860,906
excess.pi-ofits tax. refund tends*..————..
Premium
liabilities,
accrued,
%
$
deposit in banks——,.—
on
LIABILITIES—
Co.,
profits taxes
excess
and
miscellaneous
U'. S.
♦Capital
.
LIABILITIES—-Accounts
•
Federal
hand
on
Other
.
1945
depreciation
and
$422;7Q6; deferred
reserves
•'' 1945-
'
'
Prepayments
v :
$82,654
.$44,624
31,
$1,992,8891
73,097/
.
profit
Dividends paid
172,439
$72,624
$59,643
$82,449
Miscellaneous charges
Prov. for inc. and cap.
354,609,906 351,199,302
receivable, trade
Other accounts receivable
Inventories
$319,647; U. S. Treasury savings notes, $133,000?
accounts and notes receivable
(less reserve of $10,046), $116,324; in¬
ventories (at lower of cost or market), $172,765?' property, plant and
(after
: ■'
■
.
S,'certificates of indebtedness, ser. F, Vz%~
U.
ASSETS-^Cash,
equipment
-
Accounts
28,000
BALANCE
:
Total
_
V
'•
•
113,200
$59,643
Balance to earn. Surp.'
,
'
$2,530,368
82,631
$2,628,301
3,291
1,528,233
(net)
income
$4,486,832
2,493,943
$2,579,837
48,464
operating profit
Total income
SHEET, DEC. 31
I
ASSETS—'
.
.
1944, $1,557,000
$10,900,000 (after
v.--Nov. 30,'45
$5,036,598
2,506,229
tax:
of
'
24,750
;
21,750
.
42,560
.—
credit
CONSOLIDATED BALANCE
prior
for
prov.
retirement
Net
.
Miscellaneous
attributable to
income
Net
Post-war
"140,600
stk. taxes__
cap.
debt
taxes on
for excess profits
31—11 Mos. End.
1944
•
$4,735,955
2,156,118
profit on sales
Selling, delivery, general & adm. ex.
Gross
to redeem $19,000,000 series F bonds
in Federal
reduction
tlncludes provision
1943
?
'
279,843;
207,574
18,750
15,7,50
fed. incy; excess profits
$1,25
6,025.998
312,335
Impounded revenues to be returned to the co..
3,194,478
Loans to employees—
;
36,075
Bonds and other investments, at cost—3,200
1942
■,/. Casualty and contingency investment fund
3,028,066
Long-term contracts receivable—
296,010
$1,989,77$
1943
$1,804,052
Sales
6,361,300
$1,23
of cost of $1,084,049
equals the
Cash
Dividend—
Annual Statement—
Darco Corp.
Calendar. Years—
3,361,300
$1.38
■'
^
restated to include the items above.
per
„
.
7,941,974
6,361,300
V $1.03
Period— v..
$173,000); 1943,
debt retirement credit of $1,143,000);
1942, $10,000,000 (after postWar refund of $800,000.
4The income statement for 1944 has been
share' has been declared on? the .com¬
mon
stock, no par value,
payable March 14 to holders of record
March. 2:
Payments last year were as follows: March 15 and June
13, 35 cents each; Sept; 14, 25 cents, and Dec. 13, a year-end of 55"
cents.-—V, 163, p. 777..
....
•
7,631,673
6^61,300
stock
7,633,560
STATEMENT
—Years End. Dec.
$7,837,720
$6,544,621" $6,044,487
Fixed capital
Cutler-IIamhier, Inc.—To Pay 30-Cent
<
:
$7,931,342
share
per
cost,
(after
'
.
capital
♦Portion
such
$506,016;.
expenses,
of
which
income,
on
•
7,633,560
Earnings
$330,051; contingency reserve
Under New York workmen's compensation law, $100,000; 7% cumulative
preferred stock (par $100), $1,692,600; common stock (100,240 shares,
no
par,
at stated value of $8.4916 each), $851,200; capital surplus,
$655,446; earned surplus (of which $1,166,857: appropriated in retire¬
ment of preferred stock), $2,910,173; total, $7,045,486.—V. 162, p. 2390.
Federal
for
reserve
income
Dividends
authorized the listing of 700,QOO>
.
Crll6,087
.
•
estate
Additional appropriations
29, 1945
BALANCE SHEET AS OF DEC.
from
loss
real
$247,034
$160,804
$113,271
profit after all charges——v.— '
Cr54,354
i
;
shares; of capital stock (no par).
•
t
Company manufactures and sells Dr. Pepper syrup to be used in the
preparation of the non-alcoholic carbonated beverage known as "Dr..
49,775
66,318
89,667
Int. charges In cdnstr'n
WEEKS ENDED
12
FOR
EARNINGS
"
Net
-The New York Stock Exchange has
.
interest—3—-116,460
$17,716,031.—V. 162, p. 2144.
Co.—^Listing of Capital Stock—
Dr. Feppcr
$14,454,087 $12,457,984 $13,592,566 $12,644,602
4,685,000.
4,705,737
4,789,588
4,873,194
income—
corp.
Int. on funded debt—
surplus.
earned
•
$352,027; total; $17,716,021.
-
74,688
480,000
2;390;
50,191
.1,125,000
2,429
40,025
:1,518,000
InC; from
Gross
*
land, $360,613; buildings
tSpecial
to
.
for income
NOV. 30, 1945
(after reserves, $11,5821, $57,235;
cellaneous investments and receivables
9,930,000.
10,440,000
10,530,000
.
-
CONSOLIDATED BALANCE SHEET,
payment' due April
(other, than inc,)
Prov,
respectively),
"
,
.
.
charge of portion of loss on sale of >two • manufacturing >
vplant3 and two garages, which is equivalent to resulting reduction m
Federal excess profits tax, the remainder of such loss being charged
:
electric
-
,
147,662b<
v
5 A8SETS-T-Cash ($l,000,000'invested in'Treasury certificates" on Dec.,'
1945), $6,169,779; U. S. Treasury certificates and other Government ^securities
(at cost), $443,0S7;; notes and accounts receivable'
(after reserves of $347,692), $2,422,887; inventories, $4,933,622; mis¬
.
less
acquisit'n adjustment.
Taxes
id 1943,
'
5,970,369
9,330,000
reserve
,
-
/•
28,274,693'
4,884,907
35,864,870
-5,096,341
40,122,398
.
Prov. for post-war adj.2,681,500
Amort, of franchises—.
2,472
.
_
.Cr84,146
$2,928,677
$2,634,988
$62,051 in 1945, $553,034 in 1S44 and
refund of $55,303 in 1944 and $16,898
>■
-
retirement
•
,
-
.
452,480
,
3,
$76,322,423^
.
exp. )
gen.,
disposal of non-
"Includes excess
sell. & adm.
>
,
$81,013.
-
..
$85,177,152 $83,547,517 $88,664,458
.
Uncollectible accts.,
recoveries
—
operating prop. _____
758,662
'^duct. in Fed. inc, ta»^;Cr648,656
Earned surplus
$2,910,173
1—
—
Maintenance and repairs
Current
appropriations
——
31,768
•
-—r-~
300,720
•
$168,975 in 1943 (after
'
.
c
'
dividends
on
536,520
18,406
Oper. exps. < incl. rents &
2,425,401
2,726,288
$3,301,035
122,076
218,514
______
paid on 8%' pref
Loss
>
Total
$494,663
$693,673
/
2,9,28,677
Pref. 8%
cum. divs
i.' Prem, & div. arrearage
Common
department
Miscellaneous
$3,439,381
113,482
.
_
7%'
Fret.
$574,747
$510,704
J
Surplus
earned
Gas
329,776
:•
**592,077
$85,869,849 $74,317,410
2,365,213
2,064,243
516,064
469,635
423,381
19,778
19,761
17,389
department— $82,111,818 $80,720,896
heating dept._
2,510,408
2,290,779
648,656..; ;v
charge———
(Special
Steam
$824,439
$1,287,750
of
19^2';.;
Gross earns, from oper.:
Electric
$1,399,369
*824,622
.
inc. taxes
Prov. for Fed.
x
1943-
1944
1945
"
.
,
296,646
C$ass B dividends^,
—
76,500
44,688 -. 44,66£*
"Including warehousing, shipping, selling and general expenses, and.
depreciation "of $135,632 ih 1945," $150,883 in 1944 &nd $143,958 in'
1943.;
tNoviiabilityr for excess profits taxes,
-tlncludeSv other rincomo1:
.
.
profit—$1,481,888
cper.
more
(Inclublng Subsidiaries)
~
•
-
19,781,520 • 16,468,77a
25,201,924
Class 'A- dividends—j.-:—•
than 39% of the total number of >
of the outstanding 6,361,300 shares
are
they own 2,081,760
••',"•
INCOME'ACCOUNT FOR CALENDAR YEARS
of stock,
40,956
They
$783,483
53,168
to
4,891,893
$1,456,131
7,523 ; • Dr56,762
chgs—
co.
assoc.
retiirns_,^^C—^$$27,332,969 $20,743,322 $17,309,387
pf goods sold v(nef)_.l——
______——
creased
307,979
4,4.98,345
4,337,096
"Cost
; y
YEARS ENDED NOV. 30
1944 '
1943
1943
$1,136,406.
244,562.
.
218,216
gen'l, etc., exp.,'
inci.
.
4,378,230
190,436;
Depreciation
Seding,
,
273,236
280,680
305,907
Maintenance
..
less
sales,
Grdss
averaged
less-than
periods in which service calls
were
'
'
mort-
'
a
8,339,195
aAtaA.iv
There
^
"
•
5%
of
$328,500
%
.
A,
-
'
—•-
(net) '
tnet;__
of
retire
to
Net operating income—$2,131,045
$961,802 ' ' $840,609
The'pay of operating and .maintenance employees was increased by
Discounts oU sales, etc,
T—"
"Z---—«'" '"' 104,868
The average annual pay, including overtime premium pay, £ Interest, etc., charges—
32,264
^___
,
735 .
went* to $3,340 as compared to $2,080 in 1938.
Effective on Oct. 15 the
Discounts on purch., serv. inc., etc.
Cr51-.432
Crl59,217
wages of .all hourly and < weekly employees were Increased 5.%;This-; Federal inc. & excess profits taxes—1,303,800
-t371,000'
226,000, ;
/;/• ^:
',V1
yvv»1
w
; ■* ** ■'»»■■■/..'.i'I ■( -■ ..n.
|
.increase will be a part of whatever further; adjustment may be made
'Net income
!—$794,981
$642,234 '
$668,223*J
; >:in. basic wages upon return to the standard 40-hour week.
Preferred dividends
101,303
136,381
137,868 '
The number of Michigan stockholders in Detroit Edison has in¬
Y., has .beeh ap»..j.
prderred stoclt.^ -
»
Year End.
Year End,
YeacEnd. 53Wks.End.
Dec 29, '45 Dec. 30, '44 Jan. 1, '44 Jan. 2, '43
$14,734,738 $14,672,452 $13,920,244 $13,783,395
iiq 1QA
7 640 840
7.555.478
7,555,478
7,640,840
; i :
Sales
todies
ment
2,000- a day in Detroit ;alone -with iB5%- of-them answered in
one' hour,
also
and
laboratories,. Inc.
.CONSOLIDATED INCOME ACCOUNT,
customer 'service for" tile-Year ."included the5 replace-•
8,000,000 burned-out lamp bulbs and the repair of 580,000
. electric appliances.
stock,
preferred
-bends -oi :Truscop
gage
.,
Edison
:; Detroit
.
^
-
^
|nc.—Earnings—
?Cushraan's Sons,
'
Cres-,
Inc.—Transfer Agent—
(The) Cuneo Press,
rrW»" rhpmieai Bank &4Trust Co., New York,-N.
.gent lor the 3 M cumulative
:
.
Petl-g
v;
Monday, February 25, 1946
cumulative
served .the
average
increase was 191 kilowatthours.; The company
now
serves
95% of the. farms -in its .territory.;and will complete the
jobs as soon as materials for extensions are available. .
■
,
whS'wW^
to
i
.' -r
-
■
CHRONICLE
THE COMMERCIAL & FINANCIAL
1026
Coi, to which Crescent proposes
t ?'
-4 *
1
.
-
^
for Federal taxes on income
<
Dr4,487
■
•
77,944
400,000
_■—$466,021
$560,45!)
stock—v-^-—12,138
________
' 273,066
139,194
share—
—'
$1.63
.
$1.63
i
Net profit for year_
Dividends on preferred
Dividends
on
common
Earnings per
common
>
-;
•*-V
stock
.
CONSOLIDATED BALANCE SHEET,
DEC. 31, ' 1945
'V
'
$747,854; U". S. Treasury notes,- $302,000;.. receiv¬
for cash discounts and doubtful accounts, $841,847;
inventories (priced at cost or" market, whichever is lower), $2,481,882;
'prepaid items and deferred charges, $96,582; miscellaneous invest¬
ments (after reserves), $25,035; funds reserved for construction purASSETS—Cash,
ables, less reserves
eposes (invested in U. S. Treasury notes), $1,871,000;- plant," property
and timberlands (after reserves for depreciation of $6,270,929), $5,309,214; total, $11,675,415.
;
,,
j
.
•
LIABILITIES—Accounts payable, $448,790; accrued Federal taxes on
(after deducting U. £. Treasury tax notes of $247,000), nil;
accrued liabilities, $128,933;
dividend payable, Feb.- 4, 1946,
income
other
L$68,267;
reserve
first
for
mortgage
possible
3%%
future
bonds due Oct.
1, 1959, $2,309,000;
inventory price decline,
$250,000;
reserve
-
Volume
Number
163
1027!
THE COMMERCIAL & FINANCIAL CHRONICLE
4467
COMPARATIVE INCOME STATEMENT (PARENT' COMPANY) /
maintenance,'$20,291; common stock (par value, $10 per ■
•share), $3,413,330; capital- surplus, - $2,507,892; earned surplus, $2,528,-' %' 12 Months Ended Nov: 30— >
<
"
V 1944
1945
862; total, $11,675,415.—V.162,p. 2941. ; ' ■»y. '
v.''y.;/yy f
/ REVENUE PROM SUB." COS.:
GENERAL
"Tor deferred
■
,1930,
'
Dividends,
I% *''<] Eastern
Engineering Corp,
Amos Treat & Co.
units, each
Feb. 21 offered 44,000
on
Note
■
'
consisting of
share of cumulative convertible pre-
one
r'rj ferred stock • ($5 par) and
*
at 60 cents a share.
'
/
—
1*534,155;
revenue•
Federal
Other
-•
taxes-
taxes
.
$5,522,964
stock
common
and
surplus—..
Earnings per share of
: •
f
17I,296j68;705.
2,591 yl-5
/Electric power.& Light,Porp.-*w.^„
76,240 90,521 *14,281 *15.8
■/National Power & Light Co.
;— 101,441' LOO,619
- 823 '0.8
,
>
Operating revenues
//Operation
Maintenance -v
/
'Depreciation
.
'•'
•
income
Federal
taxes—
99,520
31,409
taxes
Other
Net ry.
;
Net
{.
.Balance
$830,350
1,488
9,811
—
$91,283
$840,162
229,463
21,484
18,291 '
'
Balance
^Excludes operations of
•
"
«& Co.,
3.
15,000 ' ShUman, Agnew & Co.--v
Berth
Kaiser &
;
Laird; Bissell & Meeds---.
CONSOLIDATED
.
-
,
,
-—-Years-End. Dec. 31——
1944
that
Total
the
$94,811,347 $86,938,815 $62,176,778 $47,783,031
Product cost—
;!
58,414
Mr. .Froedtert
stated
that
59,153,668
21,257,103
.504,225
40,517,530
17,869,175
/ 197,736
32,104,307
13,561,634
53,394
$7,243,982
$e,023,819.
$3,592,337
$2,063,696
5,217,829
a
,4,502,936
2,489,103
924,140
$2,026,153
$1,520,883
$1,103,234
493,839
$1,139,556
395,071
65,940,367
21,568,584
Operating costs, etc.v-.
'
Other
The present common capital account would then be increased from
426,787 shares to 853,574 shares by the transfer of 95,018 shares from
paid-in surplus and 331,769 shares from earned surplus.
$664,994
STATEMENT
INCOME
Oct. 31,'45
1943
1942
Sales, net Of discounts, $94,234,518 $86,248,821 $61,659,129 $47,478,551
;Other income!
576,829v
•;.689,9.94 .
^17,649
7 304,480
-
.
"
'
deductions-——
takes
♦Prov. for Fed.
on
the
company had filed an application for
the New York Stock Exchange, and-that
listing the common stock on
this application is now pending.
properties sold Dec. 31, 1943.—V. 163, p. 900.
Net
The company's common stock is now
profit
—
■
v#'/:-..
,'.rv
■'
'
•
■
..
-
-Pstedch f>he New, York Curb Exchange.
Net
earnings
estimated
yJM
is not always*
exact alphabetical
NOTE—Fot. mechanical rtasons it
1
,v;:
possible to
order.
arrange
in
companies
However, they are always as near
position
as
possible.:
1
;
period
alphabetical
-T
,
figures
.
for
the
six
months
year
amounted
ago
163. p. .651.
,
to
and
1945.
at
made
be
AV%% Income debentures—
Dividends
Corp.
Operating
Operation
.'t
i
•,
Vv
1
—
-
-Maintenance
344,056
——
Depreciation
-
—
'Amortization
390,422
73,915
—
of
plant acquisition adjustments*«Federal income taxes_I_
,
^
Other
taxes
397,522
(at
^
--
vV-
Balance
I7
reserve
miscellaneous
Interest
■
*
290,549
197,328
amortization
—
——
$13,612
$1.54
$1.46
i
-
hand
and
redemption
or
taxes
of
bank,
in
values)
$105,983),
$395,098; Ui
and
income
and
Federal
(after
trade
$70,861;
S. bonds
accounts
receivable
for bad^debts of $16,710), $318,278; inventories, $337,171;
receivables
and
advances, $3,69.3; post-war refund of
1
v
'
.$1,374,662,-V. 161, p. 986.
-v\X
,
-7
■■
:>
7
."'V7i;f7V;'^V'
,
■
<■.;
■
\:vnny-.
General Foods Corp.—Sales Up 3^% to''New High—*.
Years-
1944
1945
1,316
187,972
1,795
$861,205
$1,165,019
170,238
com.
taxes
shr.
on
and
the
to
than. 80
more
B.
Goodrich
F.
manager
of
aeronautical pales.
•
■,
1
1
'-it
is
tube, brake and wheel
by one company," Pedler said;
operations will be continued in
Jackson, Mich., for the present.
John H. Seaton, manager of the
company's aeronautical manufacturing division with headquarters in
'Akron, will be in charge of the-new department.
7 7r
Charles- Hollerith, -Vice-President ,of Hayes Industries, Inc., will be
: associated
with the B. F. Goodrich" Co.'s wheel and brake manufac¬
to provide complete tire,
highly desirable
'assemblies engineered and serviced
Wheel
and
brake manufacturing
!
turing
present
5,575,463 shs, outstd.
$2,36
.
and development program, at the same time retaining his
position with/Hayes Industries, it/was announced.—V. 163,
■
'
■
Year End. Nov.
-
31,1945—'
Consolidated
♦Foreign
Company^
Subsids.
$148,579
$2,335,367
Selling,
advertising,
adm.,
$2,186,788
1,688,447
42,953
1,590,848
40,424
discs on
■
The- electric
tNet income
—
Extraordinary reducs. in Fed. taxes on inc. thru
allow,
f.
:
amortiz.
of .emergency
facilities—
257,590
432,830
reductions of $630,158 in 1945 and $951,780 in
flncluding $235,032 pro rata amount of tax reduction, resulting
of transportation property, in excess of related book loss
'
1944.
INCOME
STATEMENT
"
12 Months Ended Nov. 30—
Operating revenues
wv-
■'
•
■
CONSOLIDATED
1945
—V.
1944
—$65,156,866 $70,477,087
'25,252,997 27,332,872
"Maintenance
"
4,284,931
4,744,060
t "Depreciation:.
7 ^,853,376 7 5;515,120
'
Amortization of plant acquisition adjustments886,978 y
692,614
r-;.fFF4derah' taxes,-on »
4,740;Q34; 73,943,538
„
taxes
—
'
'
*"
1946
.
$232,250.
,
.
$47,800.
revenues
$46,525
-
'
163, p. 902.
'i
•
*
-
/
Interest
$245,355
'
and
miscellaneous
Provision for income taxes
Extraord.
r
.-————
chgs.—Prior
year's
taxes
Period Ended Dec. 31,
•Net
*
.
^r- Other
Earn,
per
after
charges -and
share on 260,000
3 Months
taxes^
common
9 Months
$33,558
'
:
-
530
§2,860
2,714
'
V 654,365
18,004
Appraisal surplus
$35,078
$382,348
-
*$413,123
/ $0.06
shares—__
v
2,188
884,722
suiplus.
23Q.357
16;004
,
'
$1.39
$1,318,154
271,013
bfr$l,089,100 for FederalIncome And excessprofits
taxes-T-V. 162, p. ,2642,.
7
!
Dividends
♦Afte^ provision
declared
$1,052,716
$1,047,140
'
5,113,314 * V 5,539,247 •
;• >
income
1945—
earned
-Previous
12,733
302,100
'
$417^26
Co.—Earnings—
$61,183
■
charges
'
Gerber Products
$48,450
$686,637;
143,856
$747,821
2,719
•/ 324,960
2,714
______—
2,529
,
$555,514
131,123;
$603/965
————————
Total Income
1945'
-
credits
97,599
vv
'
—
Ooperatlon
>
L'
Jan.! to peb.7
Wk. End, Feb. 7
1946 ;
.7- /1945
.
Operating
.7:>,
^
security
Income
Georgia & Florida RR.—Operating Revenues—
Period-*
sale
•
Social
:
Operating profit
«After extraordinary
3944.
tv -from
'in
for
sales
output for the week ended Feb. 15,, 1946, amounted to
k*wh„ a decrease of 2.8i4,804 kwh., 01* 2.3%, from the
corresponding .-week of 1945.—V. 163, p. 902.
120,919,986
:
:
,
Gossard Go. (& Subs.)—Annual Report-*
<H.
.
$2,14
.
General Public XJitlitles Corp.-^-Weekly .Output—
'
'
:V'i'
•
•
V
13.143,763 *12,597,205
charges
^After reserve for contingencies of $l,500,000>**V.163i P» 310/
i
wheels
307,084,711 295,518,989
profit after all
Earnings per
,
Pedler,
■p. .651.
Sales
Net
v
and
•
'
•
.•
•
airplane brakes
"The expander tube airplane brake in which synthetic rubber is an
important factor has proven -, its effectiveness in civilian transport
'and military aviation since its introduction nine years ago. ' Every
<
American four-engine bomber built during the war period used ex¬
pander tube brakes and Hayes wheels exclusively.
We believe tha!t
profits
tax,
$14,098;
prepaid
expenses,
$45,201;
machinery,,
equipment, furniture, etc. (after reserve for depreciation of $488,889),
$190,264; total, $1,374,662,.
"
'
^
"
.
:
;
.
payable
(trade),
$109,162' social security
withholding taxes, $22,750; sundry payables and deposits, $16,365;
accrued liabilities, $41,198; capital stpek (par $5)
(118,583 shares),
$732,500; paid-in surplus,
$204,183; earned surplus (after cost of
27,917 shares of stock held in treasury, $72,656), $248,504; total,
;
'
made by B. F. Goodrich for aeronautical uses was reached
/ as a part of the company's post-war program to extend greatest
■^
possible service to all branches of aviation, according to James S.
LIABILITIES—Accounts
;
aircraft industry.
Decision to add
products
and
$2,179,732
365,788
459,158
$1,520,636
-
—
and
$22,478
$1.44
159,682
,7
excess
526
Di 125,987
'
'Special charges
■p Preferred dividend requirements of subs
% 'Applicable to minority interests
$10,216
on
cost
profits
(after
Calendar
,
;
159,885
$2,179,206
$1,646,623
'J
Net operating revenues
# .Other income (net)-
1943
$3,73,294.
160,087
1
excess
256,223
510,446,
200,248
1
—
.
'the airplane,7wheel and brake division of Hayes Indus¬
the company was announced Feb. 18 by
*dohn L.'Collyer, company President;-: ;!*;•:>^
>-<■ ?
7
B. F. Goodrich, pioneer in the development of airplane tires since
1908, introduced a new type of airplane brake in 1937 which has
•since been manufactured under license by Hayes Industries.
In acquiring the wheel and brake division of Hayes, B. F. Goodrich
Will now supply complete tire, tube, wheel and brake assemblies to the
tries, Inc., Jackson, Mich., by
1945
1944 . ;'
•' ?^I70;303/;v!:::ri|182,363
.
—
ASSETS—Cash
notes
$6,636,699
2,642,534
7- 460,764
513,611
73,915
$5,267,917
-u 2,215,133
revenues
.469,147,
444,455
163, p. 651.
(B. F.) Goodricll Co.^—Adds to Airplane Products byHayes Purchase—-
d-,..;vv\
•
;OONSOLIDATED BALANCE SHEET, DEC, 31, 1945,
«s
; 7
1944
1945
#
•
paid
.
V
Engineers Public Service Co., Inc. <& Subs.)—Earhs.
Month of November—
•
share.
common
7
■
(& Subs.)—Earnings-
Balance, surplus
Earnings per share.
-
Continental
-
-~L
$460,622 or $1.08 per
Nctf'imotit-
all of
dated
1,
due May
the
—V.
Purchase of
1965, at 107 amd, interest; . Payment
Illinois National Bank & Trust Co.,
p\ trustee. 231 South La Salle St., Chicago, HI., or, at the option of the
v ; holder,
at Tile National City Bank of New York, 55 Wall St., New
^.v -York, N. Y. 7 The company recently called for redemption on Feb.
23, 1946, $1,250,000 of the original issue of $3,000,000.
£■;
r
Each
$100 of debentures may be converted into 2J/2
shares of
f:; common stock up to and including March 18, 1946.
Accrued and
V- tmpaid interest on debentures converted will be paid up to the date
*>f conversion.—V; 163* p. 779. W:- *'
- -;A '*
/
1,
May
Dividends
-
been
^.7;:--.-?
"The company has called for redemption en March 23, 1946,
Its outstanding 4 Vi% cumulative convertible income debentures,
iwill
-
-
with final audited
the corresponding
'
..
"
•„
*
have
1946
31.
.
calendar Years—
Evcrsharp, Inc.—Calls
Jan.
$817,000 or $1.91 per common share
available on March
4.
Net -earnings for
General Candy
v
,
ended
at
a
7,500
2,500
Co._»-—5,000
Dean Witter &
-lOMos. End,
'
$3,500
Co.77-.---——
&
The Wisoonsin Company.-
1,500
7,500
Lehman Brothers—*
Split Stock—
Wertheim
5,000
% 2,500
-
;
210,994 7 17,217,191 >"15,69i;278 ' 10,937,441
3,424,318
6,585,297
-----4,929,908
7,650/690 "
1,189,002 7 2,974,141
3,972,146
3,837,525
figures,^V* 163i- p: «51,
stockholders will be asked to vote on a proposal to
now authorized $1 par value 560,000 shares to 1,200,000
.special meeting 7on March, 19.
77.
77;
Siich a' proposal if approved, wiir be Tollowed by A
split of the cur*
rently outstanding common stock on a two-for-one basis.
announced
.increase
Shares
Shares
306^X73
,
258,032
$610,698 V
$69,799
$52,802
follows:
7,
$1,058,445
406,689
Following: a 'special meeting bf the board ^of directors nri Feb.. .19,
Froedtert, President and Chairman of the board of directors,
,
7 7
,-Cf
UNDERWRITERS—The names of the principal underwriters and the
of shares of preferred stock underwritten by each are as
number
„
: Curtis R.
$923/027
Int. and amort
439,99677
297-565 ;
-
f
.
24,094
(net)
$1,379,953
268,212
178,885
Froedlert Grain & Malting €0., Inc.—To
$898,932
$71,093
Other income
$86,312
4,971
$72,581
revenues-
oper.
income
oper.
shares At
'
1942
•
.♦Deficit,^Corrected
"
i.
;i'
1943
Gross- from7 railway7 7^
Net' from railwhy
1945—12 Mos;—*1944. $341,528
$4,038,744 $3,836,109
105,739 ' 1,367,894
1,272,673
16,141
186,548
182,627
/' •: 24,061
' 291,896 5 ' 285;797y
77,888
969,168
825,781
31,385
392,885
370,297..
$364,618
122,714
13,829
,24,563
•.
1—v
$1,387,940
7
"
^988,828'
—
7'v7"'
1944
$1,103,556
*1,162,652
—
oper.
From Jan.
'
-
railway u—
railway
income
from
ry.
t l945
.
Gross from
Net
system inputs of Any
...
■
t
Month of December—<
1945^^onth-*w44
Period End;Hoy; 30—-
cottage cheese business of J. L. Tuttle. Co., Oakland, Calif., for a total
consideratibn of $414,933. of which a balance of $339,938 is payable,
without interest, in nine annual installments beginning in 1946,
;
,
I^^t:wWprthy&:;:.0enverc,CUj. B]f^EarDing$rw:
•;
"
Net
El Paso Electric jCo.t—Earnings—„
-•
V
...
,
•
^companiesnot appearing in both period?.-^. 163,/p. 900.
.
in the San Francisco and Oakland metropolitan districts, nine
plants in the Los Angeles, metropolitan district and 14 such
plants in, other California, cities.
Company distributes its products in
'-areas containing over three-fourths of the population of .the State of
California and, excluding export and governmental business, over 90%
of its sales during each of the past five years were in California.
In
December, 1945., the company, purchased the assets and goodwill of the
such
non-recurring di\
a
subsidiary company.: tlncludes final common dividend of $458,554
:paid by .Savannah Electric and Power Co. incident to the sale in April,
1945.—V. 163,'P. 901.
•
'
'
..y;.,.V :^-'...,v7'. 7 ■ ■■
y-'7 '
♦Decrease.
NOTE—The above figures do mot include the
plants
77
2,187,305
$1,550,435
$1.78 "
$0.81
-
;
Included extraordinary
,
^^^^erica)a^:'Pow.er..^&l^:LiKblt
;/
$3,403,871
stock
common
-267
$3,737,740
v
2,119,092
'
inputs
week/ended Feb. ;i4t: 1946;>tl)e ISystem
of ^oUent'PP-y;
companies of- Ebasco Services Inc., which are subsidiaries of <
'American Power & Light Co., Electric Power & Light Corp. and Na¬
tional Power & Light .Co., as compared with the corresponding week
•during 1945 were as follows in thousands of kilowatt-hours:
•.7;..
//iy
s<:;//?/r r;: operating' Subsidiaries o.f—
,
1946 . /1945 y ■ Amoun^yPct;;:'
$3,738,007
•
•
derating
16/667
—.
,
fefFbrAhe*
?
and
operations of a distributor of fluid milk and cream, the.com-.
is engaged in the manufacture and distribution of powdered
and powdered milk products, including powdered ice cream, mix,
ice. cream, butter, exaporated milk, cheese, cottage cheese . and
other dairy products.
s
The company is the largest dairy products dealer in the State of
California';
It
is engaged
in retail house-to-house 7 distribution of
7; milk, cream, butter, cottage cheese, buttermilk, eggs and-other"prod*-.
$ ucts. All of these products, together with powdered milk and powdered
milk products, ice cream, cheese, evaporated milk, and frozen foods,
.t are also distributed wholesale to stores, restaurants, hotels, manufac¬
turers and distributors of food'products and others.
Excluding Sales
to the Army, Navy and other governmental agencies,
approximately
three-fourths of the company's sales during each of the past five years
j
have been wholesale, ', The company has eight sale6 and distributing
17,885
.
$5,522,664
Interest
Balance for
4.
;■*
;
incorporated in Delaware in
its predecessors have been prinand wholesale and retail •distri¬
In addition to carrying on the
was
or
In
,
$4,013,045
240,486
-
317,320
44,990
:
25,440
20,112
.
327,803
_
income
pany
71 milk
50,094
...
31,167
-
.
company
the manufacture
of diversified dairy products.
bution
( usual
46,950
•
the
1905
engaged
cipally
48,499
•
•
23,000
V -25,440 •1
-
$6,213,077
Expenses
.
•
'
.
ii-ii-—
Miscellaneous■;
one
.
•
Revenue lrom miscellaneous investments———
;•
share of common stock
(^50^ par). The units are priced publicly at $6.75 per
] share.
• < '
:
' *',
1
'"
i Proceeds /wftLMused
by :
^ incorporate purposes and for the Acquisition of plant faciP/
itiesnfor the continuation of its operations and for the
I purchase of not iess--lhahnsi^;ofnthe.24,248;shar^..pf'^V;^
yBtapding £pmraoD'$to<dc of *^e
,
'•■777
Interest, bonds
BUSINESS—Company
Since
■
$3,821,950
*$5,599,315
common
C Preferred
Stock Units Offered—^
—
■■
,
.
$781,705
$265,435
271,013
,
H %
ITet: operating; revenues^^^i*——.
Other income (.net)
$20,025,235,822,709^637;
Drli4,481
——
Interest and .amortization—.
companies
-Applicable td minority interests——'
-
;
requirements of subsidiary
div.
s
^
JNefc income
2,056,617
.
2,228,287
1
"."'Earns, before giving
t
Dividends
on
tax reductions
preferred stock of parent company
•'U Applicable to common stock of parent company
Per'sharey based"',on; 1,909,968*
r—
$6,045,324r $5,882,854
2,119,092
3,926,232
•
*■
snares^.^--^-.^-.;7''82.06'7
2,1-87,305
,r r
on
y:;
7.
on
sale of transportation
(property which because of write-downs in prior years is $235,032 (1944,
; <$2,585,357) less than the pre rata reduction in Federal taxes resulting
"lrom such sale, including $235,032 in 1945 and $2,585,357 in 1944-nro
<
7
'rata amount of tax reduction, resulting from sale of transportation
' "property, in excess of related book loss in 1944.
§In Federal taxes
c,: on income which are not offset by special charges include, in addition
to the $235,032 (1944, $2,585,357) referred to above, amounts which re;
.
;
'
Edit from deductions, in excess of depreciation at usual rates, allowable
'.for tax- purposes as amortization of emergency facilities but not recog¬
"
nized in
-
.
the'accounts since such facilities
-throughout their normal life and not to
are
expected to be employed
replace existing facilities,
•
'
.»•
4% c.urn. pfd. stock-w'-^^^
g^wnwi ptock Xno
,
.
v..
of
■
;
;
.
EFFECT
TO
7
,
NOTErr-The
1,000,000
.
-Outstanding
$4,500,000,
.
7
,
129,666.
"
_
■.
*,493,939. she.
*
'
"
'
»
dividends payable-,
H. W. Gossard Co. common stock (216,811 shares no par),
capital surplus, $1,325,963; earned surplus, $1,047,140,
$4,129,666.—V. 163. p. 651.
'
$14,958;
'
$1,042,895;
total,
of,: incorporation
-
-
DIVIDENDS—Company has paid dividends
its capital stock of
$1.15 per share, • aggregating $567,915, in 1945; -90 cents per share,
aggregating $444,455, in 1944; $1 per share, aggregating $493,839, in
71943; 80 oents per share, 'aggregating $395,071, in 1942; 80 cents per
7 share, aggregating $394,671, in
1941, and 80 cents per share, aggre¬
gating $393,471, in 1940.
Company paid no dividends on its capital
; stock -during the years 1935 to 1939, inclusive.
7 •4
7, The total annual dividend requirement on the 50,000 shares of 4%
cumulative preferred stock is $200,000.
;
i.
. /
-
•
a/ocrued wages, commissions, taxes and expenses, $128,774;
-accrued-income taxes, $324,115; deposits by employes for War bonds,
$108,406;
,
,
outstanding.
As the result of an amendment, to, the
adopted by. the .stockholders jon Dec. 28,
*v 1945, • 150,000 shares of cumulative preferred, stock. ($190 ,par), issuable
in series, were authorized.
In addition, the authorized capital stock
/ was changed to common stock (no par) and the outstanding shares of
-capital Stock were: reclassified into a like aggregate number of shares
of common stock, share for share.
a
*
'
t
;
LIABILITIES—Accounts payable—trade, $137,416;
t
'
• -.-,70
on
^
.
Graysoii-Robinson Stores, Inc.—Sales Decrease—
"jftn -li-w
1946—Month—1945
1946—4 Mos,—-1945
$1,503,304 - $1,847,212
$9,238,039 $10,708,804
/
•
7 Porifirt E»fl
-
,
'
NOTE-^Althouglrv'company/(formerly: Thd Graysoii. Bhops, Ine.
kof 'California.),
'ifrt
have
s
of
did
not acquire
lumber
been
until the later
the Robinson chain
1945, the Robinson figures for both 1945
included for purposes of comparison.—V. 163, p.
Graham-Newman Corp.—Stock
!
'
•')
•Si/.
and 1946
903.
Offered—
'
capital stock was offered to stockholders
of record as of" Jan. 7, 1946, pro rata, at $100 per share, in the ratio
of one new share for five shares owned.
The price of $100 per share
is'less-than net asset Value.
The offer expired and payment was
A total
of 5,000 shares of
,
.
,-v
1945
/$31,152; accounts receivable—trade (net), $619,074; inventories at cost
or market if lower, $1,233,265;
notes, accounts and interest receivable,
$15,983; prepaid values and deferred charges,- $72,238; investments,
$5,684; fixed assets (net), $660,862; trade-marks, $5,23?; total $4,*
authorized capitalization as of'Oct, 31, 1945, consisted
shares of capital stock (no par), of which there/were
•.493,839. shares
certificate
CONSOLIDATED BALANCE SHEET NOV. 30,
ASSETS—Cash on hand arid in banks, $1,010,052; Government bonds
interest at cost,
$476,122;-excess profits tax credit receivable,
and
50,000 shs.
50,000 shs.
,iU)00;e00Jh$.
'
$265,435
W. Gossard
"
foliowil
PRESENT FINANCING
Authorized
indetbedness--/—./.^—1 $5,006,000 7
pfd. stock ($100 par)
• 150,000 shs.
Cum.
rata amount of those portions of. premiums and ,-exredemption of bonds which are equivalent to resulting re$284,893 (1944, $3,133,822 ) ::
representing pro
penses
jiduction-in-Federal taxes .on income, and (2)
representing pro rata amount of book loss
■
GIVING
7
$1.93
'•"['in
y :
CAPITALIZATION,
•'Teroi
*Tbe Canadidii H. W; Gossard Co., Ltd. and The H.
(Australia) Proprietary, Limited and Subsidiary.
issue of Feb. 4, a group of underwriters
.
3,695,549
'^^After extraordinary reductions of, $7383,525 in 1945 and $10,487,399
,
1944. y tSpecial charges of
(1)
$2,344,877
(1944,
$1,916,912)
y
*
Co.
/ ? PURPOSE—The new proceeds will be used to finance 7 in part a
program of capit%f;improvementiB and ;additipn?.
« 7 * 77
8,725,901
2,851,308
Cr8,26i;
Cr8,550
^ffecito■
our
"$103,50 ;pe;r sbarB ,,.an4.'^ dividend. Further details
A 1 16,576:
17,500
$11,290,528 $11,311,258
for minority interests-^-.—
o;Adjustment
St^te- Go.f jLtd.**-Rreferred Stock Offered—As
•haeded by Biyth & Co., Inc., on Jan; 31 offered 50,000:
•5,050,734"'? ^shares jdf 4,% icumiilative preferred stock (par $100) at
—Net income excl. pro rata amount of tax reduc;
11,055,496
^tl .SEXtraordinary reductions -i——5,018,723
t
Golden
$19,910,755 $22,847,292
3.916,340
.4,240,438
^•FtSpecial ;charges.;y,i«liLiM^^-—2,629,770
"Pfd.
:
mentioned in
L.
Balance
/
137,655
;
r,r i;-
1:
•
r.ii
'ii
i
due
THE COMMERCIAL &
.-^Z!
1028
%-
in"
ii
'
■■"■■■■■■
mi
■!
'
1
-■■■
■ i
1
'
•
■
Harvard Brewing Co.
deregistered
$300,000 realized from the pro rata offer, and the
proceeds of approximately $3,2-0 Irons the sale, of JractionstotaUmg
44
shares to round
out
whole shares will be held in cash or. it^
.
Net
•5
proceeds of
sales
of
$2,868,720
675,527
! .605,962
1
:
Z; by
Authorized
.1,539,663
Capital stock
254,225
voted
to
y
,
l*
Loss
nV *&'<
Western
Griesedieck
'
'
^ '*
xr'
"
' 'l
'
S"
'' /
'.'i
'
Griesedieck Western
profit
Net
!
■
—________——
surplus end of
157,035
$1,654,716
year____—————
inventories,
stock
set
$378,595;
for preferred
for
Corp.),
$1,439,956
$775,364),
of
dividends declared,
bonds
U. S.
$8,083;
in
construction
$1,652,816;. new
(after deduction of U.
S.
Treasury
unpresented checks. $398; 5Va %
stock
and accrued interest),
notes
cumulative
shares,
(62,814
;
■
The
share, and
the
Z: ;/ZZ/:
have
declared
$376,884;
par),
The
paid-in
>.!'•■ >-■'•.
V
1
■
period End. Nov. 30—
special
a
dividend
of
of
cents
25
per
Amort, of
tion
Transfer
■
oper.
(5,952,756
;
379,334
126,832
-x
363,949
1,543,404
1,515,000
Earnings
.
in
NOTE—-Fed.
in
the
193,809
193,809
2,797,751
2,566,555
there
1,302,417
1,256,118
moved
$41X163
2,532
$4,667,434
is
tioned
$4,932,348
36,239
10,232
((>51,431'
$386,172..
$409,731
$4,631,195
$309,03&
77,352
926,360
$15,386,185 $14,140,323
stock
)
$332,378
$3,704,834
,
$3,746,513
594,147;:
v
and
Surplus
$3,176,834
$3,152,365
income
taxes
Z
result¬
Z
of
$133,045
$1,282,809
as
stock
1945
for
;
Provision
Net
Cost
.
for
1945, claims under
of $2,095,768) less
goods
sold
Z
Operating
Net
_Z
income
Normal
tax
'J
surtax
$2,151,516
industrial
well
as
as
with
in'the
establishments
wholesalers,
retailers
cities
V
II~II~I
/
WARRANTS—Simultaneously
option warrants.
25,000 of
the underwriters
to
^
Canadian
excess1
V /Z
"
12,315
with
SHEET,
DEC.
31
Canada victory loan
1944
$5,000,491
$5,581,117
1,410,000
265,000
6^?533,026 /58,213,400
bds..
'
226,250
>
225,225
77.792
141,049
..
equipment and improvements
347,208
charge^
:'438,574
367.420
r
• /
$76,780,795 SGG.916,301
payable to banks—
to
pay.
Federal
and
and
officers,
others,
and
income,
-
3.129.901)
laxes__"
payable
current
—:
liabilities-.
due July 1, 1970—-_w
Bank loans maturing March 31, 1946__
Reserves for; Canadian exchange
fluctuations
of
other
and
•
955.919
____—
750,000
158,885
133,911
u_J___
>
18,000,000!
21;675,180; 21,675,180
465394'
;
465,394
-
101000,000!
-?
Capital surplus
Earned Surplus
Total
995,574
-
^Common stock
15,000
152,433
employees* savings-
plan
Minority interest in subsidiary company—
Preferred stock; (par $100) 3%"^zseries!----^
Preferred stock 5 % series (par $100)!__a.(U—
•
947.506
*
8.000,000
contingencies
Reserve for contributions to
retirement
311.770
' '
3.224.045
852,384
165,111'
15,000,000
Sinking fund deb. 2%%
•
-
414,930
profits,
excess
$1,626,125
^
plan,_^___________—.___
capital rstock
Dividends
$13,155,250
employees,
Canadian
Miscellaneous
,
stock
of
and
warrants
BALANCE
---I
pursuant to thrift
"
,
'
offering
this
option
incleasd
an
.
10,768,178
Z
10,674,018
at
the
5
class
cents
A
option
warrant
per
$76,780,795 $66,916,301!
♦Represented by 2,167,518 shares of no par in 1945 and 722,500
no
par shares in 1944.
tAfter reserves for losses of $6,537,319' in
1945
and $6,453,240 in
1944.
tAfter reserves for depreciation and
warrants are
and 25,000 to
amortization of $812,419 in 1945 and $729,098 in 1944.—V. 162, p.
2392.
Illinois Bel! Telephone Co.—Earnings—
Period End. Dec. 31—'
^
underwriters
31.067.262
$2,071,778
discount
for
ration of
1,730,946
,
of
their
:
30
cents
services,
share
per
making
to
net
a
by
retained
be
of
names
the
price
the
to
directors
and
Uncoil,
Joseph E.
Rogers
(President
Net
;Z
•
operating
—
income
$691,065
Washington,
391,065 Z/
the
C.
D.
15,165.014 /13,566,449;
10,390,706::,10,881,441 ;
1,434.460
821,484
1,194,284
163, p. 193.
Z'^ZZ- Z';Z'Z.Z ZZ;/ Z-:
Z '
'-'Z-Z/ZZZZZ-Z zZ-Z--
•
'
■
(Incl.
•
Gulf
&
Ship
;ZZ:''":
'
Island
'ZZ' /ZZ'ZZ'Z'Z;
'•
.z
RR.)
Gross
from
from railway
Net
ry.
,
Jan.
Net
'905,268
6,614,790
.2,155,287
10,100,181
4,375,660
208,584,888 226,088,378 215,624,061
57,566,070
79,613,099 76,247,413
—
railway—
oper.
ry.
*4,533,588-
_
1—
from railway
from
Net
,
—
income-____-___—_—
oper,
From
Gross
$13,256,966 $18,478,394 $20,419,721
railway
Net
1943
1944
1945
and
Linley W. Bouse (Vice-President) Inglewood, Calif.; Lula M. Rogers
(Secretary), New York City; Herbert H. Vasoll (Treasurer and direc¬
tor), New York City; Nora L. Carey (Assistant Secretary and Assistant
"Treasurer), New York City; Howard S. Leroy (director), Washington, |
D. C.; Dr. John B. Crane
(consultant),
18,000
-
11,557,581 139,358,803 129,532,908
7,889,238 102,561,718
90,294,552
2,233,883
21,(632,071 25,671,907
3,264,070
___________
■
Illinois Central RR.—Earnings—
director), New York City; Lt.-Col.
J. Crawford (Vice-President and
director), Ridgewood, N. J.;
Raymond W. Rice (Vice-President and director), Indianapolis, Ind.;
♦1,769,400
$571,778
,—•____
taxes
income
—V.
.
surplus—^beginni ng of year ,!!! j!
12,842,436
10,255,597
Cr677,251
Net
the
William
$2,478,465
69,000 !■;:
1,431,000
-
11,571,235 139,563,777 129,729,130
13,654
204,974
196,231
12,859,340
16,904
Operating
1945-^-12 Mos,—1944*
»
:
:
•
revenues.
oper.
company are as follows:
"ZZ 142,127
•'
•
revenues
Operating revenues—
Operating expenses..
corpo¬
of
officers
S'-Z
Z
Operating
$1.45 per share.
MANAGEMENT—-The
1945-r-Month—1944
^
£
income
20,331,845
24,885,452
33,831,853
♦Deficit.
Charve
$962,842
to
surplus
in
split-lip
r:
of
connection
$691,065
Household Finance Corp.—Annual
stock
with
effeeted
dividend
at
$1
p->r
Dividends
by
distribution
of
stock
300,000 shares of common stock
value
paid
&
\f'
.
X——_
(Also
300,000
*
Split-lip of the
135,000
—
EARNINGS
Report—-
Iihportant changes Were made ift the company's capitalization' during
)};1945^jAs these changes have been reported fully to stockholders, they
;• are briefly
summarized as follows: / Z •
:
■
•)',< vV-Z
stock on
Gross
surplus—end
of
year
$827,$42
'''After post-war credit of $196,600.
/
$391,065,
:
.
ZZZ' '"-.'Z;ZZZ
BALANCE SHEET
ASSETS—Cash
AUQ."
31,
1945
! Z
.
'
iL.
' ,Z
<
hand and in banks; $661,815; accounts and
claims
receivable. $3,212,245;
post-war refund of excess profits taxes—esti¬
mated, $196,600; inventories, $1,258,892; property, plant and
on
equipment
—at
(after
cost
reserves
deferred charges, $12,829;
LIABILITIES—Notes
000,000;
accounts
serve
for
vision
for
$323,000;
734;
liability
common
•earned
to
surplus,
for
stock
for
of
$45.464>,
(par
banks—Regulation
$1),
total,
accrued
profit
the year
Federal
$827,842;
to
$488,456;
employees'
renegotiation
deDreciaUon
?.F,X'change. pursuant to offer made to all preferred stockholders on
,;Mayfjp.7,i of 100,000 shares of former 5% preferred stock for new
3,%%,. preferred stock on a share-for-share basis plus $4 per share
.casflf
payment.
.
Z
Z&^^nfrtion on May 19, of the remaining 80,000 shares of former
-. 5 %
preferred stock at
107 5/2
plug accrued dividend,
«
Salq-pn July 11 through Investment bankers of $15,000,000
of
;23/4</» sinking fund debentures due 1970.
•
'
<
Net
ry.
expenses,
sharing
ended
"V"
trust,
The
$20Sg«R-
patents and trade-mark, $1; total, $5,548,251.
payable
payable,
provision
for
loan,
$144,851;
$123,991;
$1,re¬
pro¬
Aug. 31, 1944
(after'taxes),
on-income—estimated, $1,530,$675,000;
paid-in surplus,
$434,377;
162,
'(»'-■
p.
•"
basis
on
.
B.
F.
Goodrich
Co.
above.—V.
162,
p.
3073.
bank
the
loans,
year.
The
j: i
year
by
Z'
redeem
in
.
the
dividend
debentures
of
Hayes Industries Inc.—Sells Wheel & Brake Div.—J
See
to
reduction
per
'
from
sale
part
of
of
the
debentures
which
had
been
stock.
The
to
used
were
incurred
Gross
loans
1945
preferred
the
on
of
the
preferred
stock
from
net
the
•
capitalization
banks
income.
company
has
also
to ; finance
.
average
preferred stock and
.'..V.,-:•
undistributed
During
rate
for. part
•
company's
by
5 'fo
.
made
.
the
the
approximates
»
been
'
increase
$363,000
v.-
.
affected
in
during
business
;ii'-y..Z-.r"/
951,908 loans
amounting
ry.
Z
Z
——_
income
L.
S.
Island8" RR.)
Ship
"
$15,040,254
♦5,122,597
'"807,190
income
21,615,438
7,665,218
1,938,542
—
92,875,548
23,906,043
29,211,283
'
Z-Z
•
-19431
21,324,413
9,176.044
3,551,612
company
88,229,917
38,225,375
ZZZZZZ;
Debentures. Privately
Zimmerman, Vice-President and
that
.
i
66,187,182
railway
announced
1944
240,053,550 262,086,571 250,251,333
railway
oper
&
Houston Oil.. Co. of Texas—Sells
—
Treasurer, has
has arranged for the private
20-year 2.85% sinking fund deben¬
provide funds for the redemption of its outZ standing 6% cumulative preferred stock.
;
' 1
Z
Calls 6% Preferred Stock—
!
of
sale
tures
The
the
$171,-
__—
—
♦Deficit,—V. 163, p. 903.
and
/.'• 1
to
from
Net
life
substitution
oper.
from
Net
retire
to
provide
of the
-debentures at the time of issue was 21.4
years, giving effect to
the
sinking fund which begins in 1956 and redeems at par 50% of the
debentures before maturity.
The savings to the company from the
funds
2818.
•
proceeds
short-term
taxes
$5,548,251;—V.
railway
from railway.
three-for-one
-
i
from
Net
a
Gulf
SYSTEM.
CENTRAL
ILLINOIS
1945
March 22.
common
OF
including
December—
>
Balance
•»
.
Ct303,303
24,246
LIABILITIES—
years after such date, * to« purchase ;one share of the common
of the company at $1.75 per share.
Class B option warrants
the holder for a period
commencing one year after the date
underwriting
'
__I_
Net;ineomft
-
Total
men¬
officials
and
of
cost)
Deferred
UNDERWRITING—By Agreement with the corporation dated' Feb,
Donald Young fx, Co. have agreed to purchase from the;
170,000 shares now offered at $1.75 per share less an
''
Balance
years
1945
tOffice furniture,
corporation
$2,620,591
79,738
;
...
and
31,582.678
2,208,577
____I—IIII_
Excess profits. tax—____
portion of Federal excess profits
■
fo? the year 1942—Cr300,000
33,297
II,: 1946,
$35,942,771 $35,418,799
expenses—
profit
Interest .expense
V
1,615,000
ZZZZZZZ-
—
Selling, general and admininstrative
574,234
867,000
,.per
$35,942,771 $37,033,799
sales
of
....
..
—IIH
renegotiation refund.
2,661,735
405,445
79,332
this
offering and terminating three years- after such date
to
purchase one share of the common stock, of the corporation at $2.75
Share.. All option warrants are non-exercisable until after the
expiration of the period of one year front/ the date' of this offering.
.
1944
-Zy
•
discs., returns & allowances.!....
f
216,430
2,737,880
&
867,000
of
EndedAug! 31—
contracts
421,276
surtax
taxes__L__
normal
profits
Other receivables/etc;i^___:___________________
Postwar refunds of Canadian excess prof, tax--
"
result
B
entitle
war
paid, etc..
taxes
excess
Refundable portion of Fed. excess prof, tax paid
speculation.
a
incorporated in New York Feb. 19, 1945,
service.'
Offices, ^103* Park Avenue, New
•
corporation, is issuing 50,000 class A
three
$1,477,989
.
including,
inc.
and
and
emergency
$104,524
offered
are
the
officers
and directors of the company at 5 cents per warrant.
15,000 class B option warrants are also to be sold to the officers
directors of the company at 5 cents per warrant.
;Z
Class
A option warrants entitle
the
holder for a period com¬
mencing one year after the date of present offering and terminating
,
.
income
23,915
the
numerous
above,
a
class
•
facilities bv.__.___
terminated
$7,900,403
Travel advances, and employees' notes and ac¬
counts receivable
was
freight
results,-, of
of
OPTION
the
.
$5.98
.
allowance; for
sales
-36,695
$8,137,492
hand and
on
(at
experimental -flights have demonstrated,
opinion of the officers and directors of the company, that
a very large volume of available cargo
which can be profitably
by
means
of
air
freight.
Contacts have, been, made
with
Z; to be sold
above
through
Years
$7,863 708
14,662
,
~
$6.76
Income
aniortiz.
Gross
9,741,142
! 138,007
.
in banks_____!__
U. 5. Treas. tax savings notes series C (At cost)
tInstalment notes receivable______^______„___
planes for its initial operations.
These planes will have a pay load;
capacity of 640O9( bounds of three short tons per plane.
.
^,
Initial operations of the company will be confined to movement
of cargo ^between North Atlantic and Middle Western points.
'
"
'
share before'giving effect
.
70,783
receivable
ASSETS—
Cash
of^the surveys made, the company has decided to make
this, offering jo& Common stock to the public to provide equipment and
working capital for the corporation.
Among other things, the cor¬
poration proppses-to purchase a fleet of Douglas DC-3-C47 transport
1,175,602
528,000
reduced
163, p: 903.
10,032,241
$8,122,830
notes
in its standard; profits credit, for Canadian excess profits tax
pur-!
poses, resulting in tax reductions for prior ♦years aggregating $303,303,
of which $129,800 is applicable to the year 1944.
1945
1946
various chambers of commerce.
$4,922,116
mm1
Federal
shown
as
been
1944
for refund of excess profits tax paid for the
year 1941;
During the year 1945 the Canadian subsidiary obtained
Freight Corp.—Stock Offered—An issue
;air
an
The
16,150
$388,705
...
common
reduction
located
$58,622;
Notes
104,511
requirement?^
per common
offices
$18,225,854 $17,740,857
Minority Interest'in'earnings of ;sub. company,,
' o
< •
Canadian
paid
Notes
200,407
ing from amortization of emergency facilities
—V.;
payable,
the
West.
'
have
$30,107; total,- $2,639,137,
flights with pay loads of freight have been made
between New York, Philadelphia and Baltimore on the Atlantic Coast
and Chicago,
Indianapolis, Cincinnati and Cleveland in the Middle
16,150
(net, loss):'
Balance for.
branch
Canada.
profits taxes
experimental
165,561
Balance' !—___:
Int. and amort.-i.___.__
taxes
tax
City.
101,686 ;
revenues—
dividend
and
±
♦Adjustments: of a prior
of
1945—12 Mos.—1944
73,368
129,600
_!l.
taxes...
income.!!
341
states
,
___L
Investm't in Dom.
Air
operate
As
Preferred
25
instal.
on
charges—interest
and
^Refundable
•
agent, Irving Trust Co.
executives
to
(net),
Fed.
spring of 1944 the officers and directors of the company
have been making a study of the potentialities of air freight service.
During 1945 a small plane was purchased and more than 10,000 miles
■
taxes__!______—_
Other income
of
from
income
Income
inventory of supplies, $70,574; deferred charges
HISTORYr—Corporation
plant acquisi-*
income
in
conducted
are
operations
for losses
Canadian
'
Since
524,243 ii - 6,558,181
78,886
!_
adjustments
Federal
\
$1;
assets
These securities
York,
$1,456,726 $18,026,948 $17,295,924
526,834
___
,
from
income
Gross
$595,653;
shares of common stock (par $1) is being
offered at $1.75 per share by Donald Young & Co., New
Co.—-Earnings-
1945—Month—1944
■'-*
Dep r cc i a ticn
Net
fixed
hand,
on
170,000
York
$1,407,424
revenues
-
ofZ
These
.
2392*
Hoosier
to
Net
1945
30,
earnings apearing in last week's Chronicle are those for the
and 11 months ended Nov. 30 (not Oct. 31.)—V. 163, p. 903.
month
„
Maintenance
contingencies.-
operations
Other income credits
Honolulu Rapid Transit Co., Ltd.—Earnings Correction
usual
Gulf States Utilities
Operating
Operation,
this
loss
reserves
$1,170^20 before deducting such charge.
No
presently
known for which
these
reserves
than Canadian exchange fluctuation.
CONSOLIDATED
for
reserve
qarterly ; dividend of 25 cents per share on the
stock, par $25, both payable April■'•• 1 to. holders of record
March 8,
L'ke amounts were paid on April 1, July 2, Oct. land Dec.
10, last year.—V. 162, p. 1392.
t
Other
and
—________________y_»______
—V. 162, p.
convertible preferred stock,
no
banks
expenses,
Sales
capital
'
Net
$261,-
Corp.—Special Dividend of 25 Cents—
directors
net
is
larger cities
Income
Provision
-\-"j $0.28
SEPT.
SHEET
discount,
a
company's
171,875
$0.28
'
Gulf Oil
,
$174,550
Z 93,750
Quarter Ended Jan. 31—
surplus, $127,741; earned surplus, $1,654,716; total, $3,364,533.—V. 161,
•
V-'
'p. 879.
Gross
(The) Hecht Co.—Quarterly Sales Up 9.1 %—
.2601, $5,615; customers' deposits for containers, $472,806;
common
other
and
Operating, expenses
progress,
payable, $72,341; accrued taxes and wages,
$57,095; funds of employees held for purchase of U. S. bonds, $979;
preferred; dividend; declared, $8,0831 Federal and State income taxes
$587,875;
parent
,
LIABILITIES—Accounts
.
the
of
at
unrealized
an
ex¬
.
$98,433; deferred chargees, $3,549; total, $3,364,533.
...j.
to
fluctuations
dollars
in
the
are
*
accounts and notes
plant improvements, $95,032; bottles out with
investments (capital stock of St. Louis Brewers Yeast
land, building and equipment (after reserve for de¬
$10,000;
preciation
exchange
amounted
226
Canadian
.
funds
dividend payable, $62,Net income
$4,851,948
500; accrued taxes other than income, $44,375; provision for federal z
$4,735,688
Dividends on 3%% preferred stock-______
281,257
and state
taxes on
income, $334,547; salaries and wages accrued,
Dividends on 5% preierred stock,
327,720
900,000
$11,225; unremitted collections, employees' withholdings and payroll
.Dividends oh,.common Stock.3,034,525
taxes, $13,973; management fund payable, $31,556; accrued insurance
2,890,024
Earnings per common share—
$1,96
$1.77
premiums, $5,980; other accrued expenses, $4,115; employees' deposits'
for
war
♦The corporation has filed a claim for refund of Federal excess
bonds, $2,639;> customers'
deposits on bottling containers,
$160,962; mortgage payments due within one year, $10,000; mortgage
profits tax; paid for the yeaF 1942, under the.: carry-back provisions
of the Internal Revenue
payable, $67,500; reserve for employees' pension fund, $1,698; reserve
Code, based on its Unused excess profits
for
credit for the year 1944, which claim was recorded in the accounts
contingencies, $50,000; capital stock, ($1 par), $625,000; paid-in
: by va credit of $300,000 to income for the
surplus, $257,000; earned surplus, $897,445; total $2,639,137.—V. 163,
year 1944. - A similar claim
was recorded in 1943 by a credit of $567,000 to income of that
p. 311.
year
future
trade, $245,119;
Canadian
contingency
in
With
Canadian
1945
$175,939
,
LIABILITIES—Accounts
stamps on hand, $42,268; inventory of
cash value (life insurance policies), $24,957;
aside
aside
in
$391,421;
-and prepaid
$191,783;' revenue
hand,
on
cash
dollars.
resulted-Zat the year-end
was
charged against
be. needed, other
Lending operations
292,500
325,500
-
marks and patents,
31, 1945
ASSETS-1—Cash, $394,269; U. S. bonds, $219,630;
-"set
S.
statements,
89,239
BALANCE
'ZW
chartered
CONSOLIDATED INCOME ACCOUNT FOR CALENDAR YEARS
$843,781; uncompleted construction
(less allowance for obsolescence of delayed construction),
$26,014; unamortized improvements to leased property, $29,591; trade
.
BALANCE SHEET, DEC.
receivable,
U.
reserves
United States Government bonds at cost, $400,806;
accounts receivable, $218,147; Fed¬
eral tax stamps, $29,266;
accrued interest on United States Govern¬
ment bonds, $2,612;' advances to salesmen and other employees, $1,165;
'
•
Earned
subsidiary,
a
—
$1,629,416
32.425
157,035
$1,844,103
32.352
paid;.-:—
••
by
Dominion
financial
may
16,237
34,293
—-
income
on
CONSOLIDATED
ASSETS—Cash
$404,147 Z $309,075
1,439,956 .1,320,341
^
Preferred dividends paid
dividends
;
share________________y.
common
per
$180,-compared with
was
•
conducted
which
lltigatiou_!_^_!7,500.
l
Brewery
surplus
Common
(net)
is
——.———
Earned surplus beginning of, year___—
Total
assets,
claim- in
Common dividends
„
—
>
for
$525,079
$628,061
37,384
Net^ income^^ for year
ENDED DEC. 31
/
.
,
.
sales
from
,
:
capital
old
tainers
Co. of Missouri)
'
* • 1945 !Z:
1944 Zy's
U—$1,909,815
$1,040,904
Selling, adm. and general expenses.
1,238,036
1,124,719
Excess of other expenses over other income——
437
1,831
Federal and Missouri State income taxees—.
267,195
205,279
(Incl.
income
of
of
provision, for taxes based
/
Earned
Net
$502,751
23,072 :; 22,328
u
Co.—Annual Report-—
Brewery
CONSOLIDATED INCOME ACCOUNT FOR YEARS
in
pressed
Special obsolescence of, returnable bottling con¬
.
share).rr-V. 162, p. 3073
(minimum stated value $50 per
f'
" "
I
charges
sale
on
Settlement
made
loan
average
the
consolidated
conversion
$604,989
income
a
40,000 shares
1
Total
Total other
■
25,000 shs.
.
of
act
definite
nr.n
29,912 shs.
of $50 per share)-
Net income from operations
Total other ^income
/
special meeting of stockholders on Dec, 6, 1945, it was
increase
the number of authorized shares from 29,912 to
NOTE-—At
1'
but with mini-
(no. par,
stated value
mum
special
$174,646,
v;
the
Canada
.
$723,094
220,342.
$859,214
Total
Outstanding
.
of
in
Parliament. Z On Dec.
31,
1945,
Z; Household's investment in this/ subsidiary, including .-its interest in
Z the
undistributed .-.surplus,Z wasZ$10,728,525
(Canadian
funds).
In
1
v
size
business
preparing
Selling profit
i
ill-!..
general and administrative expenses.—^
J
■
The
,
The
! $3,368,086
1,833,344
Total selling and delivery expenses__
-
undervalued securities, etc. . ; . ;
Corporation was organized in New York Feb. 7, 1936, with a per¬
petual 1 charter.
Company is, and since its organization has
engaged in the investment of its funds in securities.1
,
. . ■
ZZ CAPITALIZATION—Compaiiyhas no funded debt. The capitalization
•of (the company as of Sept. 30, 1945, was as follows:
-
\ $155 in,i94Vu^:y),U;iiZ:^Zizzr,Z
—'
sales
Cost
equivalent pending, investment in
•
Monday, February 25; 1946
833.162.
(& Subs.)—Earnings—
(Del.)
'"p Years Ended Sept. 30-^-
j*
The
:ii
FINANCIAL CHRONICLE
•
subscribed for will be
Any stock not
194G.
30,
Jan.
on
"i
ii
•
z
its
$9,500,000
to
has called for redemption on March 1, 1946, all of
357,904 shares of 6% cumulative preferred stock, pur
share and accrued dividends amounting to 25 cents
Pavment will be
made at the Mercantile Trust Co. of
company
outstanding
$26.25
$25
at
nor'
Share.
per
Volume
163
.
Calvert
depositary,
Baltimore,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4467
Baltimore Sts., Baltimore, Md.
shares are outstanding in
and
service,
gas
Company
the hands of
business
four
Indiana Associated Telephone
'
Corp. —Earnings--^
''■
Period End. Dec. 31—1945—Month—1944 ,;C : 1945—12 Mos.—1944
$2,388,921
Operating
revenues--u
$218,158
$205,461 $2,510,924
%
2,020:',
2,448
Cr251
.. ;;w'v..,243
$£
in
only,
population
gate
trust "certificates representing said
the public.—V. 162, p. 2643.
Voting
three
municipalities having
districts
of
municipalities
steam
sells
■
'
heat
to
in
wholesale
four
to
companies
and
in
tion
Kj,
1S45.;,
of
the
renegotiation.
mined
that
either of
for
with
will
from
S.
no
in
been
;
.
be
filed
filed
work
Price
for
issued
for
Corps
on
$2,386,473
; 11,384,820
^
,
■-
Crll4;085
.
600,
■Ret
oner.
Income—
income———
^Deficit.—V, 163,
■
—
.
.
$145,838
*13,965
311.
p.
\
$32,654
$581,749
18,137
•
253,439
Oct. 31, '45
Maintenance
$450,075 <•
Federal
■
basis
3,507,698
384.613
,075,895
406,164
1,093,492
1,100,188
1,125,551
35,540
34,746
29,161
;
342.983
The
,
subject
have
been
filed
number
of
in
connection
been
the
at
The
the'year before.
company's
with
end
-
of
In
Earnings from
renegotiation,
but
terminated
"J."'
made,
employees
the
on
adjust-v
contracts
but
,
1945
was
4,408
compared
.
WORKING
exc.
to
deter¬
contracts
experience in. prior years it appears unlikely that any
these earnings will be required.
with 4,354
V'..A
also
are
,104,253
40,799
1945
settlement has not yet
,103,515
1,166,730
:
taxes
Federal income and
in
Claims
1,196,320
taxes
of
ment
1940
,322,609
376,781
income
State
1943
$9,970,681
3,556,836
1,099,263
—_
State, local and miscell.
277,011
'
1944
3,707,041
Depreciation
Net
V
revenue—$10,594,259 $10,144,751
Operation
550,969
327,194
12,837
;
Years Ended.Dec. 31—
Operating
..-v
■
.
■
Operating" taxesi———
12 Mos.-End.
•
and
and
subject
Board
war
formal clearance.
1943
were
Adjustment
Sec¬
1944
years.
during
"
Operating' ' Revenues— '•••••; $218,409: • $205,213
$2,508,904
Operating expenses
— 186,606
- 159,672
l;599,36l
■Rent'for lease of,bpeiv
•>«;>■prop,
50 '■'■■■
■. 50
-■■■.■:
600
with
prior
done
profits
excess
compared
■
accordance
Quartermaster
Contracts
has
and
year3
U.
the
had
tax
Code
profits
War
company
these
contracts
i
$1,050,517
.
have
section
year
The
the
Revenue
this
last
of
is
year
profits
excess
Internal
1944 under contracts
to
'
"
this
tax
,
from
under
end
profits
1944.
relief
Claims
the
excess
for
for
722
At
affil-
y
SUMMARY OF EARNINGS
'
Claims
small
one
for
reserve
$271,183
the
municipalities, manufactures and sells
sells electric and gas appliances. - vw '
Company
,
hot-water
or
five
and
The
aggre¬
■;•....'
and
furnishes' electric energy
at
municipalities, three non-affiliated utility
liated utility company. ^
Unccliectible oper.
estimated
an
■'
of 9,000.
produces
also
1029
CAPITAL
working capital position
is
pictured
below:
"
Indianapolis Water Ce.-^Eamings Correction—
The
apearing
earnings
12 months ended Dec.
31.
(not
The
stockholders
the;
the
at
annual
meeting
held
e
$2,433,887
$2,805,990
^0] 16,761
5,942
$2,718,008
$2,451,185
$2,822,751
$2,473,909
92,939
97,520
Year—
$2,467,967
PM 17,297
20,542
Balance avail, for fxd.'
.Interest
bn
$2,353,665
:
.
•
requirements
are
follows:
as
Securities
Paine,
—V.
-
redemption date;-~V. 163,; p. 653.
>
$731,170
■
—
the
1945—
-
429,043
317,997
281,102 ■ •-:*
Dec. 30, '44 Jan I, '44
$63,364,000 $56,699,845 $52,212,105
1,181.997
1,428,540
881,950
77,013
,
,
234,944
•
C'*
*.
1,931,363
1,149,677
305,386
>1,449,638 ■%;-1,358,964
1,110,796
.
.
6%
series.—V.
in
and
$1,155,833
205,102
207,526
780,690
share——
common
banks
''
hand
on
$2.33
BALANCE
Accounts- receivable,
Inventories iv_i
Other assets
leas
*$1.69
.
Dec. 30, '44
$2,899,861
$2,4'8,612
4,782,022
4,011,679
•
reserve—-"---*.-*.—-—
%%;695,816
515,681
-■*._—
6,978,686
6,414,899
J—
C,,""
—i.—-
"■Land, buildings, machinery, etc.
Good
$307,291
:
•
Dec. 29, '45
—
Deferred charges
Jersey Central Power & Light Co.—Refunding Plan—
,
$2.12
SHEET
■
:
641,016
$406,789 y
Marketable: securities———
.
..
$1,392,581
$467,186
.ASSETS—ir
■
Cash
.177,844
201,480
7
,
COMPARATIVE
162, p. 2644.
The company has filed a. preferred stock refunding: plan,
jersey Board of Pqblic Utility Commissioners.
,,
; Iowa Power & Light Co.—Stock Offered—A banking
353,765
\i,040,688
y 1,089,439
3,170,386
•
314,574'
3,235,274
.———
Will
—1
& Co. and®ion Secur¬
50,000 shares -of 3.30 %
preferred stock ($100 par) at $101.50 per
Total
Under terms of the ".refunding plan the $21,861,500 of,5J/a% to 7%
stock
now
outstanding
will
be
reduced
to
$12,500,000
par value and the- balance replaced with lower dividend
,'
needed
.
prior right of holdpreferred stock of the
company; to exchange such shares prior to 3 p.m« (CST)
Feb. 27 on a share for share basis, with certain cash
••
:
The
Other
.
scale
the
down
for
insured
'
•
,
414%
$2,083,779
——
y
payable—-—j——'
49
Earned
,
Stock
v^-^
inventory
accident
s>i.tmq
1^57,623
440,136
393,4^5
(no
other
••650,000
self-,.
'
par)
•«
cost)
(at
• •
,.
'
(Dr>
.
250,000
5,000 000
5,770,073
3,701,801
5,770,073
3,22u,a90
368,568
—
treasury
650,000
'
250,000
($100 par)——5.000,000
preferred stock
stock
valuation-..
&
surplus
in
"After
•
267,485
:
for depreciation of $3,404,732 in 1944 and
SJ.CH.'SlS
fRepresented by (560,000 shares (no par;.—V. 103, p. 904.
reserve
in 1945.
Kings County Lighting Co.—Recapitalization Plan Re¬
bid of 101*%, less compensation - •
$1.74 & share in connection with the exchange of the new stock
jected by Commission—
for the outstanding preferred shares.
Other bids received were:
The plan of recapitalization of the company has been rejected by the
.Kidder, Peabody & Co. and White, Weld & Co. bid 102.75 for
New York P. S. Commission.
'
1
$l3.40% dividend, less compensation of $1.62 a share.
r The company is controlled by; Long Island Lighting' Co. through ;
y
Blyth & Co., Inc., bid 101% for a 3.40%.dividend, less compensation.,
automobile
$1,388,114
Total dLl———— $19,882,034
$18fc119,350
.
V-.' Th'e: issue was awarded Feb. 15 on a
conting. and
;
M
2,304,876
items—u-——•
losses
cumul.
tCommon
to
new
^'vr.v. y, ■ yyy^
adjustments.
for
Reserve
amount
now
accrued
Reserve
shares.
preferred stock is to be sold at competitive bidding with
exchanges for present preferred, stock, if exchanges are to be included,
to be taken care of by the successful underwriters.—V. 162, p. 879. ,
,
"
—
dividends
1
$19,882,034 $18, lis,350
Federal, - State and other taxes accrued——
will provide $5,000,000 of the amount
preferred stocks. The balance will be taken
from Jersey Central's own treasury resources,, which
.around $6,500,000 or $7,000,000.
• ?
*,
-
w
of the 7% and €% cumulative
payable
Preferred
Utilities. Corp.
Public
to
*
IIABILITIES—
Accounts
1——
,
preferred
•General
1
—
•
company is
succeesor in
'
group headed by W. C, Larigley
ities Corp; on Feb.-19 offered
with the
i
controlled by General Public Utilities Corp., recent
reorganizat'on to Associated Gas ^ Electric Co. and Asso¬
ciated Gas & Electric Corp,
The
-
per
228,241
:
837,081
dividends
dividends
Earnings
541,079
189,549
Balance, surplus———
;
424,181
297,333
NeAKearnings:;-;^-—■ $1,505,747
Preferred
Del,—Pays Accruals—
•
246,887
taxes—
f •''- .J"
Common
New
;
;
110,553
'
"
_
oo3.
share plus dividend.
The shares are offered subject to
78,406
402,567
State, local & all other Fed.
*
,
%
repairs—*:
y/i'ji
I
-
293,725
226,540
185,167
ACCOUNT
Dec. 29, '45
sales__
and
,
1946
operating
revenues.—.——
——;••
Net revenue from railway operations-————
Income available for fixed-charges—
:—
Net income
•———-
ers
INCOME
;
.
-i—v;
3.5
1.5
.
The directors have declared the final payment on account of dividend
on the former cumulative preferred stock of the company out¬
standing on Aug. 3,. 1938, at the rate of $1.18 per share for the , 7 %
series;; $1.10 per share for the 6%% series, and $1.01 per share for,"
6%/ series, ail payable. March 15, 1946, Ad the holders of record on
Feb. 28, 1946. of dividend-arrears certificates*
!,
-in,. 1945. the company paid a total of $7.49 per share on the 7% ;
series, $6.95Va .per. share, on the 6%% Series and $6.42 per /share on
.
$1,024,547
Month of January—
cumulative
and other
arrears
International Railways of Central America—Earnings
163. p.
V
Doubtful accts. chgd.. to operations- '
Estimated Federal taxes on income.
'
.
—V.
163, p. 781.
Iowa Southern Utilities Co. of
5%
into common Atocie until the
Railway
COMPARATIVE
.
sales
and an
preferred stock for redemption April 4, 1946 at 105
Shares to be redeemed will be selected by lot
from list of record at- the close of business Feb. 23, 1946. J
Each share of preferred stock is presently convertible into 2Vs shares
of common.
Preferred shares called for redemption may be converted ;
)
3,614,918
Maintenance
5
'& Curtis -14.5
■:
on
11
accrued dividend;-;
and
3,404,732
7,681,883
■
13.5
Metropolitan St. louis Co.
Maynard H. Murch & Co..
.Priester &..Co,.__—.i.—...
14.5
14.5
Webber, Jacksofl 4
,
.
Inc.
QuaU &.Co.—
16
Hornblower & Weeks—
14. declared the regular quarterly dividend of .
the preferred stock payable March 30 to holders off:
initial quarterly dividend of 50 cents a share
on the common stock payable March 30 to holders of record March 8.
The directors also voted to call $10,000,000 par value of cumulative
convertible
6,510,231
3.15 to 1
Depreciation
........
Blair & Co.,
16%
Corp.l^i^
Hemphill, Noyes & Co._;r_
Redeem $10,000,000 of.
directors on Feb.
share
3,85 to 1
Interest and miscell. income (net)—.
$2,457,557
■
March
0,950,693
bond
Langley & Co.—
Union
International Paper Co.^Common Stock Placed on a
a
$2,007,118
*
writers
W. C.
The
$6,663,183
and ' note's 'outstanding - amounts tct" %; Total sales and revenues—$64,623,010 $58,406,791 $53,204,608
$604,688 and^agceferred stock dividend-requirements -on- 50,000 shares-. '• Wages,-salaries -and bonuses--—'
11,393,361 -10,151,695
9,123,204
Social security taxes—
at $3.30: per share per annum wilj. be $165,000.
.v 297,927
7277,133
211,794
Contribution to Jewel retire..estates !
tJNDERWRITERS-^-The names of. the several underwriters and the 154,756
115,827
36,235
Products purch. plus services & rents -47,005,820 <
43,049,845
respective percentages of such shales to be purchased by such under¬
40,314,196
•
record
ciation
4.29 to 1
52 Weeks Ended—
Retail
Wholesale
$2,394,409
Depre¬
Securities
10,477,657
1945
:'fV-
$2,625,069
for
Liabilities
1944_____
16,352
Reserve
Marketable
$8,482,145
1941_;_^..:,
407,800
'■
Cash and
Assets to Current
Capital
.
■
deduction
"■f'-i'
charges
poration and its stockholders."
■
•
■
•
•'*.• '
During ; lust • vear
709,683'shares were issued by the company in acquiring Rottr Aircraft Corp., Universal Cooler Corp.>; anci Utah Radio:;
Products Co*'
"
'
v
** i
' •* :,, .*
New • directors elected were
^Pw^torenzenr•of-Chicago/ and Flem-,i
ing W. Johnson, Vice President In' charge of manufacturing.—V. 163,.
Pt 780.
$1.25
y
debt
etc———_....
income
Ratio of Current
iy'yrcrWorking "
'
discount,
Misc.
,
r
1,198,832
;.
.
The management explained that the- additional shares
are needed
■VlQi' such%future. transactions as Artsy be in the interests of the cor¬
$2 Annual Dividend -Basis—To
5% Preferred Stock—
pi 1,011,893
yy: 46,619
(net)
amort., of
yj'xc
.
1,452,100
Net
$2,671,388
income___——
Gross
Special
voted to
-
1,412,664
________
income—!—•
income
Other
—-
authorized $1 par common stock from.1,200,000 to 2,500,.-.
000 shares.
Operating
v
Increased *;■
Feb. -19
on
the
for
week's Chronicle-are those
Nov. 30.)wV. 103, p. 904.
International Detrola Corp.—Common Stock
increase
;
last
in
profits taxes
,
,
of
Kroner Grocery & Baking Co.—To Change Name—
The
,.
be
-
$1 47
of
t-
sh&rc
&
(
)*
f?
*1
ci1 rv* "V
'u ^y* /
Corp. bid 101 Va for a 3.45%
shflr©
J *" ■*' *'
"1
1
First Boston
:
■
of
SI 30
St
?:%Harrirowi
Ripley & Co.,
*
t
""J**
<
\
*
dividend, less compensation
*
-
**
/
Inc., bid 101 % for a 3.45%
1
" *
s
''
dividend,, less
.
compensation of $1*65 a .share.
/' *
* * *'v * *
1
Bear, Stearns & Co. bid 102.3 for a 3'/a % dividend, less compen¬
sation of $1.05 a share.
;■
■
;
'
,
The 3.30%
cumulative, preferred stock is entitled to cumulative
dividends from and including Jan. 1, 1946, payable quarterly Jan. 1,
Redeemable, at option of company, in whole at any time or in part
from
time to time, upon not less than 30 days' notice by mail, at
.
Jan.
per
1,
the date
•
share
redeemed
if
prior
to Jan.
1,
1951;
held.
plus dividends accrued and unpaid to,
1961; in each case
of redemption.
OFFER—Company now has outstanding^ an aggregate
of preferred stock, consisting of 11,300 shares of
cumulative preferred stock, and 38,700 shares of 6% cumulative
EXCHANGE
of
7%
OCk»'
Dl'Cf GITGCl
•».
v
■'
""
""
--'nr
'A -V
V
also
stockholders
would
receive
new
in
common
(M», IL)
—V.
163,
p.
905,-
Lamston, Inc.—January Sale^ ;XJp 16.4%—
1946—Month—1945
$172,487
„————
162, p. 2944.
"7
'
■
1946—12 Mos.—1945
$148,144
$2,217,647
■
Quarter Ended Dec. 31—
ice Commission stated it does not properly scale down the stated value
of properties and increase depreciation reserves; that it is inequitable
to preferred stockholders; and that the present common stock repre¬
Tentative
the
in
investment
Net
against
of last September/ exclusive of
as
which
securities
might
Loss from operations
issued
totaled
only
^
prov. for United
taxes based on income
?•}':
be
;. -v':
\ J}'M
Net
$8,681,-
.*
States
$4,878,292
54,928
774,450
199,085
228,226
*
'
-
M
:
$144,157prof$546,224
—
& Canadian
47,394
—
'
(loss)
;•
*'0,/' ''
231.610
■■
$191,55lprof$314,615
-i——
NOTE—No provision
preferred dividend accumulations
1944
$4,338,014
——
company.
029
sales
profit before depreciation & Fed. inc. taxes
Depreciation
3T*
support of his findings, Chairman Maltbie said the company's net
assets
V':
1945
Net
no
$2,009,411
:'
Liquid Carbonic Corp,—Earnings—
the
7'/a shares for.-each ;$7 preferred share, seven shares for '
and 6V2 shares for each $5 preferred share.
preferred; stockholders would ^receive 91 % of the new com¬
mon and the remaining 9%
would go to present common stockholders.
.In rejecting the plan, Chairman Milo R. Maltbie of the Public Serv¬
In
■
annual, meeting to be held on March 6 will
proposal to change the name of the company to
a
■■■;•
Present
sents
'''
on
Period End. Jan. 31—
each share of $6 preferred
shares
50 000
Preferred
to vote,
Kroger Co.—V.
Sales
amount:of
$103.50
per
share if redeemed on Jan. 1, 1951, or thereafter prior to Jan. 1. 1956;
>
$102.50 per share if redeemed on, Jan. 1, 1956, or thereafter, prior:
to
Jan
1
1961;
and $101.50 per share if redeemed on or after
$104 50
-
stockholders at the
asked
The
nearly
•
.
,
,
98% of the outstanding common stock.
Long
Island Lighting has not included the company in its plan for con¬
solidation
-recapitalization of the system's operating companies.
but proposes to distribute to stockholders whatever new securities it
receives, in thft Kings County recapitalization. <
>
Under the plan .as now constituted, capitalization would be reduced
to 22,000 shares '$50 jparl :4% preferred stock .and 334.435 common
shares.
Holders of the 44,000 shares of $7, $6 and $5 preferred stocks
would receive one new preferred share in exchange for each two shares
of
ownership
.
for United States
excess
profits taxes.
Commenting ; on first quarter results,1 PV F.: Lavedon, President;?
and of any possible profit which might accrue from sale of non-useful
offers to the holders of the old preferred- stock
stated that shipments of the company's consumable products, princi¬
the right to exchange such shares for. new preferred stock on the
land.
After deducting $4,200,000 of 3Va% bonds recently issued with
pally carbon; dioxide products and industrial gases, ■> were off only :
basis
of one share of new preferred
stock for each share of old;
Commission sanction, this would leave about $4,480,000 capital value
about. 7. % ; from last year.
to be appropriated between preferred and common stocks and surplus.
preferred stock held. In connection with such exchange the company;
The company's durable products division, however, is in a period
will make a cash payment of $4,425
with each share of new pre¬
Mr. Maltie stated further that preferred stockholders actually had an
of transition, he said, following cessation of war contract production.:
ferred stock issued in exchange for 7%
cumulative preferred stock,,
investment in the company of more than $5,000,000 of which $4,411,Inability to obtain needed materials held back both production and
and
a
cash payment of $4,175 with each share of new preferred "
290 had been, paid in by them and the balance
constituted-unpaid divi¬
shipments of bottjing machinery, soda fountains, and other durable
stock Issued in exchange for 6%
cumulative preferred stock. The
dends.
Against this he stressed that the present common stock was
> products. Principal shortages were in iron castings, sheet steel, com¬
cash payments are the equivalent of the difference between the offering
issued without any contribution of property or money to Kings County
pressors
and motors.
Mr. Lavedan said that profitable operations
price per share of the new preferred stock and $105, the current % and that in the interim common stockholders had received in dividends
might be expected as; soon as general conditions permit a reasonably
redemption price for the old preferred stock, plus an amount equal !; $4,895,000, or nearly 2% times the stated value of the stock. yiS^M
free flow1: of'necessary raw materials and component parts for the!
to the difference between the dividend
payable on the share of old* • ^ Chairman Maltbie recommended a substitute plan in which capitali¬
durable goods factories.
'
:
zation would be limited to $2,200,000 of preferred stock, all to
preferred stock surrendered and the dividend payable on the new prego to .He also said that an expanded engineering, manufacturing and sales
v ferred
stock received in exchange therefor, in each case to April
present preferred stockholders.-—V. 162, p. 2517.
•
organization had been built up to handle the expected increased
1'
1946. the date on which it is planned? to redeem unexchanged
y business and that since the company's backlog of orders, already
shares of-old preferred stock.
Jewel Tea Co., Inc.—Annual Report—;
the
largest in its history, continues to increase, the organization
The exchange offer will expire at 3:00 p.m., CST, on Feb. 27, 1946,
^New-retail sales records; were made iii 1945 by both stores and routes
will be maintained
intact. even though the added expense is dis¬
-Each holder of old preferred stock desiring to accept the exchange
for the second consecutive year.
Total sales increased 10.6% over 1944.
proportionate to current volume.—V. 163, p. 781.
offer will be required
to deposit the certificates for - his stock for "
$; The removal from rationing Of all food items except sugar following
"exchange on or before 3:00 p.m. CST on Feb. 27, 1946, at the office
the end of the Japanese war, and an improvement in the supply of
of Bankers Trust Co., Des Moines 4, Iowa, exchange agent.
.
..
: Lithomat
:
company
:
,
.
■
-'
.
merchandise
HI CA^tAUZATION GIVING EFFECT TO PRESENT- FINANCING
It; • v-'.-,Klvvf»v .*
'
Authorized
Outstanding
$17,000,000
1st mtge^chds, 314% series, due 1973
;
*
helped
available,
sales
results
for
the
year.
Maintained
Approved—New
Corp.—.Split-Up
•
Director
■
,
2%%,
•
;
promissory
1944 w
.
notes,
1848-%---
due
serially,
rr,-
2%*«;.iJronnittory notes, due serlulty,
'
3
1949 tO" 1953—:
—
30'"H1cumiul. pfd. stock ($100 par)...,—
stdck ($10 par)——%
Common
«**«■«»'
1,250,000 ^,.v,
«Amount
50,000 shs
.1,000,000 shs
could
930,000 shs."
for
customers.
our
the
the
vV:v:v-,vv;.■'
were
received
the
at
same
and
all
without
after
assembly of field rations for the U. S. Quartermaster
back on July 16, 1945, and canceled by telegram"
approximately 10 a.m. on Aug. 13, 1945.
By 4:30 p.m.
day
merchandise
delay.
was
The
profit-sharing and
tiation-—increased
the
>
of
a
reduced
had
been
that
so
for
cleared,
inventory
an
the
machines
Government
small quantity of tea.
in October.
The end
could
cleaned,
taken
this
work
Earnings
business.
'
.
}• W
but
the
.
all
without
year
taxes
•
specific
before
were
y
and
the
.
in
FEDERAL TAXES—RENEGOTIATION
Statements
of
the
history
:
how
they
earnings
are
subject
to'interpret Federal tax laws
will be finally
applied.
.It
is believed,
Hd^^va^^rmerly
director
a
:
(Ky.)^^eeldy,.Output-^
the week ended Feb. 16, 1946,
with 32,889,000 for the corre¬
decrease of 22.4% .—V. 163, p. 906. ; r ;•. >
totaled
sponding week last year, a
Louisville
of
~
JvY "ysjf?'
to uncertainties because it is
and regulations and to foresee
however, that on the y
basis of present information adequate tax reserves have been provided. ;!
difficult
elected
Electric output of this company for
25 523,000 kwh., as compared
for
provision for renego¬
the highest since
*
been
_
were
highest
has
Louisville Gas & Electric Co.
manufactuaing
reserves
over
before
shares were subsequently increased to 200,000-shares.
Nylen
,
be
remaining there¬
This tea contract,
of
V.
stockholder of Chemical Products Corp., a compafaf acquired
by Lithomat Corp. last fall, and of which he is now ■.Viee.'j.Fresident •
and General Manager.—V; 163, p. 905.*
'
„)v;„ y
y'
princiDal
income below that for 1944.
earnings for the year—after provision for taxes, depreciation,!:
Total
1941.
work
completed
was
Government
lines
arranged
only
the packing
adjusted,
as
the
production
no-par
Clarence
cut
the^par-'vale of
capital stock of the company from $1 to no par and a split-up of
36,000 no-par shares on a five-for-one basis.% The'authorized
180.000
Contracts for
Corps,
1,250,000'
"... • 50,000 shs.
obtain
stopkhplders on Feb. 18 approved a change in
The
,
we
500,000
authorized unlimited, subject to certain restrictions as
nrovided in the indenture of mortgage and deed of trust dated, as;:,
of Aug. 1, 1943, and the supplemental indenture thereto.
COMPANY
Organized in Iowa Oct. 22, 1924.
Existence perpetual.
Company
furnishes utility service in 95 municipalities, 86 unin¬
corporated communities and rural territory in 23 counties, all in. the :
<4iate of Iowa.
The estimated 1940 population of the entire territory
served by the company is 350,000.
Company furnishes both gas and *
electric
service in the City of Des
Moines - and environs (having
an
estimated aggregate population of 172,000), in- Oskaloosa
(esti¬
mated
population 11,000V, and in six other municipalities with an
estimated aggregate population of 17,000; electric service in 81 other :
municipalities
in 84 unincorporated communities and in rural ter¬
ritory which together have; an estimated population of 141,000; andv
,
purchasing power and "willingness to buy", also contributed
materially.
Company sales during- the year were limited
only
bv
rationing, shortages of manpower, and the amount of merchandise
consumer
Sought—
;t;-fHolders
.
The
Public Warehouse
"
Co.
"i
■
Tenders
—
,
-
.
of the ? preferred stock have been asked for tenders by the
management.
stock.
(Ky.)
'
issue
•
t
embraces
Holders
they were willing
were
,
.
a-
,
•
,
approximately 5,000 shares of $50
to tender whatever number
invited
at $52.50 a shave before Feb. 15.
par
of
value
shares
FINANCIAL CHRONICLE
THE COMMERCIAL' '&
1030
of
FOR CALENDAR YEARS
CONSOLIDATED INCOME ACCOUNT
to'// 1944'" '',
'1945
.
V,
1943,'
to
1942
income-producing machinery and other negotiable paper.
/MANAGEMENT—The
•
Total
89,716
,137,166
to'; 96,939
10,871,080
9,413,989
8,144,222
734,286
•Fed.
profits taxes.
exc.
State income taxes—
1,018,750
48.450
2,025,899
2,181,500
2,49*7*502
4,253,382
Vs. -41,660
2,409,774
916,000
183,154
81,731
3,572,362
686,000
2,415,111
3,914,703
-
3,534,457
3,607,843
dividends--
Preferred
686,000
686,000
2,246,592
2,246,593
dividends.:
Common
Total
?S^S:«0)T
of
on
17,961,168
17,541,470- 13,573,187
18,636,425
18,012,721
1,930
51,552
13,785
18,634,496
17,961,168
.17,541,470
1,871.950
$1.72
1944, $476,000; 1943,S24?'00,^..1942'
tax reduction of $11,382 in 1944 and
2,246.682
$1.27 ;
.
$1.30
''
refunds:
post-war
•After
W46.6k-
and does not reflect
$219,774 in 1943, resulting from
$90,000,
2,246.348
$1.28
The
ferred
SHEET
hand
Treasury savings notes,
4,969,/72
697,b49
87,196,404
—-
Special deposits
—•
—-
shares
J
5,984,079
396,937
Accrued
miscellaneous
dividends; (funds on deposit)
Bond interest and
(contra )
1—r
-
Dec: 31,
1950,
'
,
104
110
the
and
'
-
\
iV,
and
$20,000,000.
.
sale,
reserve
With
with
*
1.9 to
1
Net
...
sale
of
67o
liquidated
of
end
1944.
•After
1945,
for
1945, $504,585;. 1944, $458,502.
tAfter
1944, $5,452,408.
fOf which $12,541,470
cash
common
162, p.
;
276,672
127,635
;
to/to'
►
.
r
charges
funded
on
debt
Income
Provision for
excess
depreciation;
:
vASSETS-r-
Dividends
the
hand to-to
—v—
United States Treasury bonds and notes--™United States excess'profits tax rrefund bonds
Cash, to banks
on
on
414 %
on
common
.
Inventories
*.
'•
$44,213
54,050 ;
Esti.
.
excess
Cash
»•
Deferred charges
?
since
,
Accounts
These
Other
federal,
and local
state
taxes
5,210,093
been
■J-
Total
,
^--V.
__J—————
161,
p.' 9.
t*~
/.
4
.
•-•*.
■■■
*
25,000
and
or will
the
thereto
2d
outcome
the
of
;
directors
on
Feb.
15 declared
a
326,952
480,533
Feb*.
15
capital
26.
A
stock,
like
par $10,
amount
and Dec. 17.—V.
162.
was
p.
*$2.25•
.
,
■'
„
287,212
the
the
Manufacturers
Credit
Corp*—Stocks
financial
accompanying
be
cannot
SHEET,
DEC. 31
378,934
$763,311
.
-
"
.
PROPERTY—The
1945.
v
company
was
insurance,
supply
inventories,
-J
'
——
—
5,030,294
1,244,106
5,214,315
1*244,106
—
*
.
$866,546 1,565,788
343,364
410,870 >
406,0032,377,700
15,434,213'
15,464,213
—
———
*
,
,
>
$27,738,885'
$28,076,266
.always
are
as near
;
alphabetical
Inc.—Registers Pfd. with SEC
company,
distribute
.
The- price
;;
by' amendment.
the public< w'll be; filed
principal Underwriter.
to
& Co., -Inc.; Is
a
F. Eberstadt,
to
:■*;
period of five days, to accept orders
from stookholders of W. L.' Maxson: Corp. to purchase at the publlC of¬
fering price the'new preferred at the rate of two shares of preferred
share
each
The
'-
of
W,
L.
Corp." held by such stockholders.
Maxson
acquiring" the assets com-'
Systems divisions of W. L. Maxsorir
for 609,750 shares of its common*,:
company begkn' operations ty
new
prising the former Maxson Food
12,398,788 '
Jan.
of
Corp.
2,
in
1946,
return
st.ockto
1,205,032 4 2,416:375
31,596,612 j 31,818,757 ::
:
j/21,339,693 i »
etc.j
properties, etc.
(net)
—
i..1
w
Of
/.'
»
*
'
;M
'
-
*>
•;,
-
;:-;.'to;to:- totov>.toto>/;',;'.;:*/to
for
$250,000
$1,400,000
for
working
research
and
advertising, sales promotion, etc.-—V.
I.V
84,836,624 112,193443 ;.
* '
'7
;
•>■?•*.
-tor/-.
to *
-
*
.
to;/? to :,
Report—
7,025,825 r 5,350,799
17,053,443
There
;
11,030., 743
•'
'
were
totaling
50
will
163.
p.
781;
"
'
'
,
\
,
'fe'J.pt'frv:
Sty•>
Fund,: Inc.r-AnnuaF
Second
\
paid, in
cents
for add'tional "
used
be
capital to finance estimated
development and $500,000 for1
'."/r
Massachusetts^ Investors
/ *
aobrued"--—3,674,281
proceeds,
facilities;-$2,100,000
inventories;
lj
'
.
estimated
the
plant
.
„
—„
LIABILITIES—
for
3,686,228
estimated
net
service cost
past
.•
1945
:
dividends
Income, four
investment
from
.Shqre.
a
-
.
,
of
^
Earned
r
"
surplus
'
Total
0
Net
.
to—_to_—-L.,
,£"
/to
'
:
,or.
11,864,563 V,- 9,700,838
•
.
:
*
.The .operating profit and earnings
year
1945
are
lower
than
in
the
per share on
previous
common stock
due largely to
year
:
-
"to
In-
of
$250,000
poration.
,
'
net
20
so
are
covering
After
the
taxes,
a non-recurring income' item amounting r
was
sale
of
foreign
the profit,
equivalent^o
22V2
patents
somewhat better than
.Taxes,
for
State
and
the
year,
municipal
for
the
comprising
taxes,
representing
cents
per
year
all
amounted
share
to
a
1944.
Federal
to
.capital
a
on
our
foreign
'
gain
cor- '
on
common
to.
and
Social
Security,
equal to $1.86 '
ppr-share on our outstanding common stock or $616 per employee,
to/
/
Plant property
at the end of 1945 amounted, to. $39,681,535;'as to
cdmpared'with $38,718,905 at the end of 1944, showing a_net increase j
r
$1,539,785,
a*
^*'$507,643 .*
,
'^*477,426
*'$30,217
cents'a
10,
realized; capital
special distribution' from
share
1945;
Federal
was
paid
Dec,
24,
1945,
This distribution amounted to
'
Income
dividend income.
as
the
the
stock,)
that eliminating this item from consideration the
earnings for 1945 >
sale,
306
-tototo:-;,
gains
to shareholders
of
ofJ.
$190,742to;tototo4:toj
purposes?.the four regular dividends from/
investment, income,. totaling 50 cents a share; are fully taxable*:
For
-
lncl»oi«nrtin 1944 earnings of
to
,1
——
undistributfed tototo;—to-—
addition,
1945
• to
for
—
Dividends paid in 1945 oriV account of investment, incometo
Balance
Mathieson Alkali* Works (Inc.)—Annual
'Report—
the
cur-,.to;
respect of capital stock
—
-
record Dec.
^.
in
r
/
:
income
reacquired j
Total
*' k'
i
tor
.
j, sqld
net
———
—-to————to—184,836,624-112,193,143
—V. 162, p. 2517.
i
457,322;
—
——
for amounts representing participation in
undistributed
rent
.
..
from: dividends. and>lxxterest
income
Adjustment
.
—
.
,
'
-
—
;——
wnich was organized; last November to process and 1
pre-cooked frozen foods, has registered 475,000 shares of
50-ceht' convertible preferred stock (no par) with the, SEC,
!
,
;
,; The
at
for
.
■
Offered—Tellier
Principal place of business at
stock
Maxson Food; Systems,
No
4,208,839
4,631,639
pfd. shares of $100 par value
;
9,550,800
6% pfd. shares, second series, of $10.0
par .value
—v
'5,449,200
4V4% pref. stock of $100 par. value-—————, >15,000,000." to
Common stock (1,943,763 shs. of no
par value)
16,818,815
16,818,815
Paid-in surplus
..^r—■
.9,207,179
10,167,279
* •j-'1
incorporated in
1937 "Pf" St.,
N.' W., Washington 6, D. C.
-'
' '
v t.
The company has not engaged irx any business operations to date.
It intends to engage generally in the business of commercial financingand to specialize in. the financing of responeible' manufacturers,, dis¬
tributors and merchants through the purchase, or the making of loans'
AND
1
—
the
state¬
determined
Pension, Plan
$769,920
v.
■
-
-
payable
taxes,
to The underwriter has^ agreed,- foiv
•
shares of'•
6% preferred stock, (par $25) and 40,000 shares of com- *
mon stock (par $1)
in units of one share of each at $30
per unit. /~ ./■/■'./'v. •'/ '*
BUSINESS
475,540
$28,076,266 $27,738,885
order.J. However, they,
position as possible;
■nv
—:——
—
Reserves
Co., New York, in January offered 40,000
Maryland June 28,
214,278
,V
475,540
NOTE~~For mechanical- reasons it is not always
possible to arrange companies, in exact alphabetical
18,558,913
.
&
213,851
jw.————
xt———-ju—.
;
■iip-p
Pension
reductions, to
applications
6%
•
charges
267,847
14,538,690,
288,347
13,963,799
249,411
——_j_
*»After? deducting
depreciation, obsolescence;-add depletion.*
1944,
$24,180,215; 1945, $25,717,735. : tRepresented by 858,191 shares, na<
par.—V. 163, p. 907,•
v
'
,/ «.i • -*
*$2.11
10,182,931
dividend of 12}/2 cents per share r
„
185,276
258,000
.
.
*
payable March 15 to holders of record
disbursed on March 20, June 15, Sept.;
2645.
—
Total
1,943*763
2,332,516
;
12,038,303
•
on'the
150,276
profits tax (est.)—
Appropriated for» retirement of pf<|. stock—
1944
'
The
128,806
Workmen*s
State
Y.
On Dec, 31, 1945, there were 955,533; '
shares of the company outstanding;
'
2,313,196
2,484,L02
First mortgage serial hortds.
-In- the following, is set for.th how the; amount available for dividends ,1
-setted3, 3% —4.to-10,500,000
First mtge. sinking fund bonds, series A, 3%._-oh acoourit! of investment: income- for 1945; was computed and how it.
-10,800,000
Reserve fof "possible future decline In market
*
*>' was distributed;
value of inventories, and other
contingencies-./:3,493,183 / 6,000,000 " Balance-undistributed at.end of 1944—-——, to
'■ $50,015
^^-Cent Dividend—
Blagma Copper Co.—To Pay
-
128,609
N.
excess
Free surplus.
(v://///;
Local and miscellaneous, taxes,
Other accruals^
810,903
7 7''"
account
tCommon
series
"
Total
]
245,130
731,235
V",*
720,105
910,499
file; applications for the reduction of
in
Goodwill, -trademarks, etc
25,000
245,130
,.
'■ ^
694,573*
700,515
$922,238
1,385,141
(returnable386,064
Reserve
for contingencies;.—i——
'.
410,870
Miscellaneous operating reserves—2^
—
671,619
Preferred stock (par .$100)———
2,377,700
573,048
,
'';
.
1,993,261 '
-
736,646
Law
payroll, etc
Containers charged to customers
of
Prepaid
'
,
-V
65,786
'
given
Merchandise .Mart
7,300 :
4,405
—————
;
3,000,000"
1,694,813
—
Accrued
4,009,665
233,319
*•.
Accounts payable —i—
I
Federal income and excess profits taxes accrued
*18*457
14,610
■
under
LIABILITIES—
•
preferred dividend 'requirements of
debt redemption premium of $659,300.
items
Retail and manufacturing
'
contingencies—,/^..
Capital stock (par $10)
'
L'Paid-in surplus
Earned surplus (deficit)——l1-—1—-:—
I
1944
$4,235,877
*
27,321
for
Reserve
/i
1,008,770
refunds of
Accounts
733,060
Merchandise inventories, priced at the lower of /
:>;v^ v:
^ 9*;market,^i,--i^-^15,557,305>15,477,685)
$14,743
-
Employees' deposits for incoxne & social security
taxes and the purchase of war bonds———
$1.34
'
65,961
production supplies..,——
.Total
"20,711,988
*.
Government securities, at cost
—11,737,336
Receivables from customers and others, less res.
12,702,035
5,800
—
deposit
Deferred
982,382 '
.
1945
$769,920 '
$11,420
—--—-
(net)
31
3,750,000
arid
stores
166,439 *
828,171 ■"
623,171
19,729,606
^
U, S.
15,483 '
12,923
L-
and
$1,273,162
$4,680,075
;
Development exps. for products and processes-
annual,
has filed,
Cash
-284,795*'
258,069
—
DEC.
SHEET,
products'arid* wHt;iii procesSi—i.ji.Ji
•Property
1,000,000
ASSETS-
.
taxes
Provision for
$1.19
BALANCE
223,047"
1,556,060'
828,171
$1.40
1945'
Miscellaneous; investments
-
1,878,579
,
.
payable,
items.
Accrued
166,439
828,171
1
Investments—
13,090,684
:
stock....
BALANCE
2,331'
9,450
to' " .
$763,311
-~
$1,322,883
166,439
828,171
828,171
'
materials
General
*
Provisions fdr depreciation of
734
20,400
———i—
LIABILITIES—
$1,148,632
;
—^
—
Raw
1
"Total"
1,080,000
,
Finished
.
7,300
„——
1.100,000
Note3 and trade acceptances receivable-Accounts receivable. (less reserve yj.
buildings arid equiphxent and amortiza¬
leaseholds, included in cost of sales and operating expenses,
amounted to $2,345,048 ;in 1945 and> $2,360,857 in 1944. <'
«-*<•.
v
6,760 "
11,492 I
;■
$3,046,209
223,191,
U. S. Treasury certificates and notes-—
1944
______
pfd, stock
1945,
r
has
100,020
83,187
«—i-
:
1944.
-this
37,174;
8,975
13,361
at St/Louis, vMisouri, net
;djepre»cifttioni
i_—I- v
Plant and equipment*
i after provisioft
and
ments
112,929
*
profits tax refund,bonds
post-war refund of Fed/exc. profs, taxes
States
United
pfd. .stock,
-
tlncluding in
The company
j
4,405
;.———,r
—.—
$2,626,074
r
.
ASSETS—
.-
1,878,579
.
share
upon .present
ri
effect
—
.
Deposits for income and social security taxes
and the purchase of war bonds-—employees—
Premium deposits with mutual insurance cos.
Caslv surrender value of life insurance-—LJ-toi-
95,622
;
shares outstanding—JEarnings per common share———
Plan paid in
taxes resulting
therefrom'are reflected: in reserves.
The ts»xes navable after deducting
these charges are estimated at $9,032,146 in 1945 and $14,029,117 in
1945
v
1,205
112,781
interest, receivable——
340,969
214,307
dividends
Common
v
the portions of the past 3efvice cost of the
apd
-
Accrued
6%
common
1944;
1944
140,020
notesureceivable-——.———63,664
and
Accounts
$2,950,587
94>106
$2,462,938
Net income for year_j_
dividends.
sizable
Federal excess profits taxes for the years 1941 through 1945 under
tax relief provisions of Section 722 of the Internal Revenue Code.
4,174-
:
1,831,214
$2,285,104
»The above provisions for Federal income taxes have beeii determined
before deducting the loss on the sale of the Merchandise Mart in 1945
tion
Special reserve and contingency reserve funds:
Deposit in special account J-—>—
•
(•United States- Government Bonds——— --
declared
-♦Based
$637,500.
$53,023
75,000
8,235
'•
and on
'
174,431
1,830,042
prof, taxes
COMPARATIVE
13,428,270
preferred stock..
declarel
Earnings per
1945
?
$4,779,665
1,829,078 V
$2,368,832
Preferred
Common
Postwar
21,747,132
1,230,190
I
earned surplus
6%
on
Dividends
,
30', 1945 showed net
This amount compares
*
declared
Dividends declared
SHEET SEPT. 30
COMPARATIVE BALANCE
.
$4,116,319
'
——
Balance transferred to
Dividends
able earnings were
.
$4,605,234
/(lass post-war refund)/j^^_—.
On
1,208,790
profits tax——"—;—'
Pxrov. for possible future decline in market value
of inventories, and other contingencies.—*
1,237,030
18,634;496 '
income, the net earnings of the company
approximately $3.67 per share.In 1944 the" compar¬
$3.85 and in. 1943 $4.08 per share.
$90,059 or
^
$3,970,522
145,797
charges
Federal income. & excess.,
-■ •
20,538,342
•
__—.
Prov- for Federal normal tax and.surtax
9,800,000
miscellaneous
and
were
1943
1,567,449
'Total Income
;
v*•
materially
no
1945
Total Earnings before int.. and, Fed. inC^ taxes
tlnterest
22,466,819
1944 arid $231,652 in 1943. After deducting admin¬
istrative expenses and reserves for Federal income and excess profits
taxes and Missouri income taxt and after adding income from secur- y;
ities
31
1944
159,361
—__
-
v
."
$177,784.
DEC.
"
355,568
6,195,450
19,360,000 ■;
in
with- $202,936
ENDED
1,702,121
,
Sinking fund
Inc.^-Annual Report—
income, after depreciation charges, of
new-
$19,590,256 $18,379,926 $18,206,004
13,664,463
12,707,283
12,033,322
<
Net earnings from operations
Income credits
fixed
ana
pixce
with
and
:
?To'taI' earnings from retail- and mfg. oper.'.
Earnings'from real estate operations
;
for the 12 months ending Sept.
The bleachery
YEARS
.
,
'
'
Lowell Bleachery,
v
of goods sold.—
Compensation
t:
not available
debentures inden-
dividends„under^ provision of 37o
987.
1
1
,
the
$4,198,874
Earnings from retail and manufacturing oper.i
$
$
;
Net sales'to customers..—..
j
161,893,962 148,273,338
♦Cost of sales and operating expenses-^-—— 141,355,628 128,543,732 '
$104,884,509 $90,492,149
-
reserves:
$6,012,990;
ture.—V.
■:V:
1
STATEMENT,
$4,039,513
,
—
realized
starting
Dec.
1,886,280
pre¬
reduced
i
debt
is
.
—
——
War "Depart¬
were
.
Earnings from works operationsEarnings from other operations——
$637,500
to
position haS been strengthened
320,000
206,449
gold bonds 1951
—.1
3% debentures ;1963_i_*—— ————V 19,040,000
7% cumulative preferred stock (par $1009,800,000
Common stock (par $10)— i
1——
Paid-in surplus
V
——
1.237,030
tEarned surplus
—
ru,230,000
-—
a
equip¬
but no
contracts,
exps-
INCOME ACCOUNT FOR CALENDAR YEARS
7,792,870
5%
To^ar.—_1
additional
fertilizers,
;
Mag1945
1,
'
134,877
;
of
of* the
Nov,
'
$900,000
Through* the
materials
war
sales
Cost
company's general fupds.
The net
amounting to $2,506,817 aftertaxes, was
for inventory decline and other contin-
funded
our
the
at
installation
1945
from- the
came
the
the
of
as
,
has na reconversion problems and
bright outlook for the future.
INCOME
Vj
transaction
The
105.
requirements Trom
its
on
Adm., selling and advertising
series
two
>
254,525
—
1945.
of
"
*lo,6i3
215,614
—:
dividend
The company?s financial
190,527
274,272
—'r
—,
against
1,393,756
.
4,937,829
——_——-—-------
—
at
offered
than
more
operation
31, 1945, the company had {^proximately 12,000 stock¬
holders and, in its own plants, approximately 2,500 employees.
-
,
advertising
As
remaining ahead of the common shares.
During the year our working capital increased $1,147,189 to $27,790,934.
The current ratio at the year-end was 2.2 to 1, compared
$2,000,000
(bank loans)—.—
— $18,500,000
incl. prov. for renegotiation adj.... 2,016,527
Tax and war bond deductions from payrolls—
158,775
3% debentures (amount due within year
. .320,000
Accrued payrolls ...
—
—-l*4-^
payable
Accrued
34,500shs.
€o.-^-Annuki Report—*
called -at
were
with
year
long-term lease obligation such as we had 0x1 the Chicago store land
prior: to Its purchase a few years ago, the dividend requirement on
the new 414% preferred shares Is the only charge of consequence
1
JL
Accounts pay.,
Accrued taxes
by
during
.$104,884,509 $90,492,149
—
Accrued interest
'
,
warrants are exer- to
at the subscription
Such
co.npj.ay.
(EST).
^en^
■
798,723
V
LIABILITIES—
Notes
the
of
p.m.
were
preferred
charged
355,761
'474,539
.
to
3
loss .sustained "on the
312,500
5,793,09-
•
—
Deferred Charges
T0Jtal■
'•
v
trademarks and goodwill—
Brands,
;
(est.)
plant and equipment
fProperty,
None
the aggregate,: righvis to? subscribe Tor .175,500
stock
premium, thereon
195,496
69,204,385
260,000
—
-
refund of ekd^ prof.- tax
Post-war
.
254,525
——————
receivable
Notes
—-—
—
1,000,000
6,793,043
—ncanno
accounts
shares
the
•
discontinued
was
considering
1944
year
.Company
_
40,000 shs.
* 2-0,000 shs.
<*„
>
before
or
is
;
5
Government, for
plant
Company has received clearance from the Chairman,
Price Adjustment Board, that no excessive/profits
in Federal taxes resulting from the loss on the transaction,
the company- -recovered $18,140,019 which was immediately applied to "
the retirement of
the $18,750,000; of funded debt "then outstanding..
The additional-cash required to retire debt and to pay the $659,300
31, '44
$5,451,224
$5,248,527
:—
series C
receivable (trade)
receivable
cost
•Accounts
Other
Inventories at
s
j
.
the*'
with
Government
during the
•
reduction
Dec.
Dec. 31, '45
in banks and on
,
Outstanding
and resulted4n*a charge to paid-in surplus of"$960,100.
,
•
The sale of The
Merchandise Mart reduced the
company's
assets
CONSOLIDATED BALANCE
U. S.
(par
common
new
annual
premium on bonds redeemed.
ASSETS
Cash
.
—
—
Marshall Field &
—
—---
EaS'per /tora:lom.
Authorized
Hughston M, McBain, President, on Feb. 15, said in part:
' ' '
1
On July 21, 1945, the company "contracted to sell The Merchandise
Mart to interests representing Joseph P.; Kennedy, former Ambassador
to Great Bx*itain.
On Nov.
13, 1945, -all provisions of thS contract
having been fulfilled, title to The Merchandise Mai*t was transferred.'
Through an exchange offer and public sale the company in March,
1945, replaced its $15,000,000 of 6\'o cumulative preferred shares of
both series with the same amount of 4V*% cumulative preferred shares.
17,555,256
,'
-
■
Oct.
of
as
contract
ment at the Ammonia plant for the production of
definite commitment has as yet been, mftde.
*
'
" 982,069
471,251;
19,236,360
——
1, 1947)
price of $1 per share.—V. 162, p. 2517.
cost
over
par
value of 5% and 7ft
surp._
The
By resolution of its board of..directors.du»y adopted on .Oct. 5, 1945,
company authorized the issuance Of common stock purchase war-
Excess
Profit and loss
the- company
materials;
necessary
The*
ment
-
;,rants; evidencihg;;: in
cisable
675,257
bonds redeemed
of
capitalization
(cum. after Jan.
stock
Common
shares
18,634,496
surplus——
Previous
pfd. stk.
(par $25)
686.000
601,864
-
-
6%
"2,246,634
19,236,360
'RurDlus
<
nesium-Metal-Chlorine
the
_li—-
income
Net
988,649
2,010,000
103,713
taxes—
of
follows:
as
1945, is as follows:
-
1,997*,000
adjust.—
Renegotiation
Federal income
are
R.
CAPITALIZATION—The
15,
Cr46,360
amortiz.—
and
Interest
44,759
A
F.
Director-; 'William H. Churchill,? Directori H, Murray-Jacoby; Director;
Harry J. Haas, Director.
9,317,050
8,683,176
1,038,006
profit—:—
directors
ana
Delmar,
Clarke,
8,099,463
10,733,914
8,593,461
officers
of
names
President and Director; William A. Monroe, ViceVernon-Williams,- Treasurer and* Secretary; Lewis L.Director; John Jay Hopkins, Director; Ellsworth; C. Alvord,
Charles
President;
Operating profit--—
Other income-————-
during
the
merchants, or to make loans to them, on the security of,. their ware-'
house receipts covering staple merchandise, notes .secured by liens on
106,526,158
—-126.429,130 123,790,406 117,331,986
J
sales
Gross
.':/
$962,630
after deducting retirements# made necessary by renewals
the year.
Approximately 50%. of this increase was spent in
expansion of the Dry Ice and HTH plants and the balance for
necessary replacements of other, equipment.- Although company plans
to double the capacity of its Sodium Chloride plant, no
expenditures
have as yet been made for this purpose owing to the present
scarcity
the security, of their open accounts, notes and trade acceptances
receivable, or through the making of time-payment .o^ns adequately
secured.
It intends also to: purchase from such manufacturers and
on
V
Co.—Earnings—
(P.) Lorillard
MQndayy February 25, 1946
The
tax
■
*
,J
1 */.
7
•
7,
- •
-
.
*
- -
*-..*-
'\;
to -j -}
special distribution of 26-cents' a rshare, having been designated
capital gain dividend under provision of the Internal Revenue Code,to
is taxable as gains from the sale of: capital assets held for more than to
six months, • •
•
? .•
(to*
;to; •" '--a ...i:,:?.;; :. •>:>.;
a*
•
During
Dec,.31.:
1945,
1945,
96.6 G t in value r. of the v company's investments* on to
paid interest or dividends.
Of the stocks owned Dec.)
1945,* 81.4%
of market value have
for each of the past five years,
to
31,
paid
dividends
consecutively
-
»
..
based -on the averaeeto
of net; assets. Jan., 1, Feb. .23/ May :31, .Aug: 31, Nov. 30 and- Dec.; 31,.
rTho
ratio
of
expenses,
1945/ was"' 39/lOOths
to
average
net
assets
of" 1 %. ./••'to■>:/to/toto to'toto;: /ttoto*5tov-v..*to
Volume 163
Number 4467
THE. COMMERCIAL & FINANCIAL CHRONICLE
3&%{£$$&
STATEMENT. OF/INCOME/. YEARS ENDED DEC.
v;s4«
i
Income
/
/
s-
V;T'
1945
i £'r5klA,i-
r*""
■
$508,626
/I/47-461
0,
for Fed, income tax_.
Provision, for Federal.income" tax—
■
Net income (excl. of
.
profits
secur,)
on.
31,
for
Net
income tax
purposes,
1945
.
•
95,645 7
Operating,
;
53,272,379;
15,646,939
$966,698
$9,925,684
888,409
.
9,265,266
:
•
—
QperaWng; taxea--.ri»>___
that
$14,977,982
—y, 163,
COrp^—Rights to Subscribe—
Stockholders
•
3,038'
•:
;
Mohawk Liqueur
315,826
■v-32,525
of record Feb. - 23, 1946 are
being Issued rights a> of
purchase 31,463 shares common stock of the
corporation
share on a basis of one new share, for each 6% shares
to
date
$9.50
per
—
-
—
The
Accrued- expe^ses^
Accrued taxes (ether than
—•
X,.
Federal income: tax )>_/-//_>;
$675
_
'
/
;
3,920
•
Payable for capital stock reacquired—not yet received—
3,790
Stock, purchase rights;
shares
whole
are
will, be, mailed Feb. 25, 1946 for, 'one or
fractional fights or shares to be issued.
The
11, 1946.
shares,
no
rights expire. March
Stack .represented by
$9.50 per share.
unexercised rights, may be sold to brokers at
w;. >;>•/,;//•■//>/•;/
This financing, to augment present
working. capital, will not exceed
$300,000. ■/.>
'
> v ;■
y:;,3
.
$8,385
assets
(based
on
carrying securities at market-quo-
tationst—equivalent
shares of $1
to
$15.67
per
capital stock
share
for
'
•
7
;
it
qualified
ended Dec. 31,
year
Net
the Fuind
as
2
•
its taxable net; income.
(2)
At
Dec.
1945, the
31,
was
a
—1
________—
sales
of
_____
.
Operating- profit
Miscellaneous
Total
I
tax
income
Miscellaneous
—
in
for
Reserve
on
Net
$65,438
U.
6.
taxes
-
(Oct.
estate,
1943-
$8,954,901
31,116
57,550
(net).
"
labor
"
and
Sept.
to
1
30,
Dec.
$10,978;
materials,
C67.275
Depreciation and amortization-—__
Interest
debentures—
on
Premium
bands
on
retirement
82,638
reacquired
of
buildings
15,259
operations—$1,557,925
$2,076,534
97,415
income
and
taxes
1945,
$261,457;
1945); $55,743;
31,
for
reserve
Federal
purchase
Federal
contract
profit
for
tax
profits
excess
tax——
year—
|
$8,182,804
414,792,500
' $2,182,804
Net profit
J—
J—$2,372,254
Preferred dividends ——,r
225,000
dividends
Common
—
1945
'
bonds
Earnings per common share——^
$2.00
-
1
'
•
$4,118,495
3,013,431
- 706,532
revenues—
expenses.—
Net. oper.
income-—-
"2)>68
-..-/.u.;
2,278,453
2,703,463
/ Unbilled ' ordnance; costs and claims--.—'
Inventory (not; in.. excess of lower of cost or
real
222,815
(at cost)
—
^Accounts "receivables,
2.471,089
32,601,615
726,536
194,532
—V.
10,533,385
$2.01
~
a
$578,899
434,632
$5,195,702
3,550,916
;
cost),
$315,600;
inventories,
$5,130,765;; miscel-
;
Ianeou«accountsreceivable,lessreserve,$l89.067;misceilanepus-notes
and
receivable, less reserve, $18,173; real estate at adjusted
value, Dec. 31, 1936, and subsequent additions at jjost (after reserve
for
depreciation of $1,368,360),
$4,419,685; furniture
and fixtures,
$2,739,558;
for
reserve
(aftef
reserve for depreciation of/ $5,683,862)rleased property, at adjusted value (after
improvements to
amortization of
$2,432,385),
$3,126,52T?i!deferred
$790,843; total; $30,611,316.
charges,
salaries,
rents,
etc.,
$2,204,040;
for
reserve
(after
Earned
'
i
?
^
i
ThA dirtotors-have declared
•
the
on
cumulative
new
i
v,
an?
ij
s
/ ^
u
initial-dividend
convertible
preferred
of 79
.
_
^
ij
and
of
(JP
'Perib&^rom%j^^R)/(i
V
cents $, share
WA8-paid in 1945.—V. 1.63, p. 781.
"
v\
;
52 Weeks Periods Ended
of
Selling,
Provision
for
federal
Normal
tax
and
•
Dec. 29, '45 Dec.
goods sold, after deducting
general and administrative
income
subsidies—
expenses-.
New York Telephone
Period End.
Net income fon the period.—
Dividends:
:
-
.On.preferred
On common stock
Earned per common
320,166
4,474
-
/
24.470
share———__$0.90:
exists: having.,
$0.80
beeii
1944.:
to
-
$58,823
cost
reserve
of
excess
profits
LlABHilTIES—Notes
New
and
on
payable—banks, $1,001,750J:
r-•'.• -v;.•
.
.Last
sold
to
:
,
of
15
'H^•';•
) •v•
cents per
accumulations oh the 6%
March
follows;
11
to: holders of
Feb.
consideration
^
p.
1,
of
$160,000,
•;
r-'i':./-'•?<-J.*'rV'• '•
share
cumulative
record
Feb.
has
■/'
23^,30 cents, and Aug. 21,
been
declared
oh
account, of
15
cents—V.
162,
p.
1515*
74,512,195
3,148,468
2,319,213
i
"■/!*_.*/
^
adVised
the
i''
'■
Securities
.
and
,
'
•?
at-the
$2,914,-937
15
\ /
to holders
32,510,286
28,916,603; 27,071,408
//■/
■
."
:
■
fall,'in line with
.
•; .'J
't
.
^
(
,
use
Feb.
4,
"
.
sell
common
was
value
of investments of
.
of
•
y
.
New
Hampshire and Maine, to be .determined by its president after
the hearings on the two applications, and use for such purpose part of
the proceeds from the sale of its industrial and water companies.
Any
part of the $16,500,000 not so invested will be applied to retire out¬
standing stock of New England.
/ '->■ i
The Commission, in approving the-sale of the non-utility properUes
last. October, reserved jurisdiction as to the,use of. the. proceeds.—V.
,
..
the corporation at
$26,801,097', including $2,243,016 of
tions. /This compared with $21,203,719 as
)>h^re.<^
CONSOLIDATED INCOME ACCOUNT FOR
CALENDAR YEARS
*
1945
1943s'> faWM
1944
$931,615
Cash dividends--—
$907,245
commissions
•
Gain on
—
Total"* gross
Expenses
Int.,- taxes,
Prov.
Divs.
$955,349
123,659
/121,220
136,294/ ml 126,645
■
417.734.
inc. tax_
13,000
27,300
30,984
$742,342
$581.°?2
//• 150,000
441,946
150.315
$758,277
37,500
319,838
*
cl. A pfd. stk._
Divs.
on
4'/a%
•
cl. B com.„stk.
on
"Paid iPf
$1,154,700
etc. • (net)__
Divs.
•i
$1,096,443
200,156
income-
on
',/T|a"4
~2)335
.
89,490
for Fed.
fNet
/4_ 1,000
437
247
$997,061
-
5.99,4/
20
-
income//".r;
i—— %
'
3,937
5,013
72/
/■■
Miscellaneous income—
■
19,828
164,966
36,489
v
.
foreign exch.__
pfd.'stk. ''
;
V
/v
'■
$898,617o.«» $685,357
12,637/
12,513.
234.841
255.269
•'
23,625
''Taxable dividends'-----.
Interest i—-u—*
J.02,000
'
;
corporation on Dec. 31,
,class/B
of
the clo^e ot
U." S. Government obuga- .
Of Dec>/31/1944y //
,
/
j; p
Schoellkopf, Jr., President, in his letter, to stockholders, re¬
ported that of the-25,000 shares of class A preferred outstanding as
of March 31, 1945,. holders of 19,639 shares elected to
takj in exchange
therefor the 4%% convertible preferred stock and holders 01 o.jji
shares elected to receive the redemption price, of $105 per
1945
'
1
394-5,: New Hampshire
''
'
.
'
•,
'.
Sept. 28, 1945, New. England
-
a"
'
.
;
a plan, filed on
industrial and. water companies for $16,500,000 and proposed
part, of the proceeds to strengthen its utility subsidiaries prior
of face, value.—Y* 131,.
45%
or
,\'/
1945, amounted to $17.63 for
compared with $1 l-67a .year ep ?"her. Net assets were equal to $1,245.90 for each share of the 4%%': -/overtible preferred which was issued during the year in exchange tor
shares of class A 6% preferred.
The 4y9%. preferred has since bpen/
called for redemption on March 7, 1946.
/';.■//■■■///•■>://:
share
Indicated
Ex-
its
dis-.
of 12% of principal amount, pay¬
record Feb. 28.
This will bring dis-:.
Niagara Share Corp*^—Annual Report—
a
,
.
19 announced a
rate
of
tihe issue to $10,931,015,
v;
1
Net'assets of
England
„
70.252,706
38,292,067
■
r
each
-•
..
-1
2560.
I'
1945, to the date o£ closing
908,
>v) } 'V'./Vv'r'4'.1'
to" the distribution, of their stocks,
and
•(S':-"-
preferred stock, par $10,-payable
28..- Payments last
year were'as
3,372,366
3,266,223
of-Series C-2 certificates on Feb.
March
on
tributions^on
p.
plus 5%> a
asked authority to issue, exchange
preferred .shares and a sufficient amount of commonvstock'(par'$10) t<>. produce $5;0QO,000.
'
* " ;
/
New England proposes to- purchase an amount .of the common stocks
payable,'
Michigan Sugar Co.—-15-Ceat Accumulated Dividend
dividend
163,
Publio Service. Co.
On
accounts
dividends
2,182,984
7,711,911
r
■
taxe?,
declared,
$70,719;
accrued
liabilities, $558,330;
preferred stock ($2.40 cumulative) par $20, $202,220; com¬
mon stock (par $1)., $258,662;
capital, surplus, $167,407; earned surplus,
$599,984; total, ' $3,144,773.—V, 161/ p. 1320,,
f
//,-
A
a
,'Ne.w England Public Service Co. has
mission
convertible
'
;.V
for
purchase! price from. Oct.
.
V
$41,445fixed assets .(after reserves
for
depreciation! * of $815,085), $999,321; intangilbe assets. $128,177;
cash
surrender1 value of officers'- life insurance,
$8,344;
deposits,
utility and miscellaneous, $1,300; prepaid insurance, taxes, etc., $26983; total, $3,144,773. * ' r \
$285,752;
•
of
tribution
and
^"Consolidated balance
banks
*
163, p. 316;.
able
with
retired
i945
in
24,199,261 298,804,819 269,691,623
17,560,672 186,000,557 166,928,630
-17,460,003
—
oper.
Thetrusteea
of
'ASSETS—Cashjn
(after
-
.
sheet dec. 29, 1945
hand, ,$643,445^: marketable, secur¬
(market value $47,431), $28,564; accounts receivable
of $49,514), $482,245; inventories, $784,949;
post-war
longer
27,354,898
revenues—
:/
Publio Service Co. has'already filed with the Com¬
plan,' hot yet in finhl form, for, liquidation, and distribution
/of .itSASsets ro its stockholders, ft has. onry current indebtedness;/The
plan provides,, in part, for refinancing of its subsidiaries, Central
Maine, Publip Service: Co.: of New Hampshire; and Central Vermont
no
1945*.
NOTE—Depreciationprovided Amounted
refund
—V.
sidiary,
*
ities, ' at
Holdings—
and
interest
v//;■
f
x
incomeNet income——i//
Change Commission that, as a part of its reorganization plan, its sub¬
Central Maine Power Co., would file a refinancing program
87,787
•
J
>—
Net
,
•
r
,
expenses
Operating*taxes---
1.36% above
or
'
24,223,414 299,208,186 270,023,453
24,153
403,367 :
331,831
output
reports electric
the Commission.
Central Maine, proposes to sell $14,900,000 first
refunding mortgage bonds; issue, exchange and sell 232,975 shares
preferred stock, and sell as much, common stock ($10 par), as may
be required to provide approximately $j.0,700^000. /
/ ■
"This, .minority
$51,028; in
16, ths Association
•
..
Operating
New Englaiid Public Service" Co^-/Gompahy and Gentral Maine Poweiv Submit Refinancing Plans— : '
;
.
$231,507
24,380
103,309
^
/V^
'
be made
is to
on the
deal.—V.
the
:-
^.
ended Feb,
.
Operating
.
1945—1.2 Mos,—1944
1944.
27,398,859
43,961
Uncollectible oper. rev—
England Gas & Electric Association-—Output—
The- sale
year.'
.
4,480
$259,813
y?-0.:''^
'
Co.—Earnings
1945—Month-
.
■
,
54,246
385,728
—
0"'•
pec. 31-—
revenues^/—
Operating,
/
-
profits tax' ———
Minority interest in earnings of: subsidiary—.
"'Dividends paid to minority interest—^—..
31', 1945, are-subject to Ad¬
result from renegotiation of Government con¬
1945.
The statement of assets and liabilities-at.
1944i is. presented after adjustment for. renegotiation of 1944,/
contracts
subsequently concluded, .under an agreement,
executed on June 8, 19,45.—V. 162, p. 2186./
ing firm of Boston.. The purchasers plan to.recapitalize St. Groix under
.672,818 / the jurisdiction of the Public Utilities Commission ot Maine.
97,087
may
year
Government
TheiSecuuities_and Exchange Commission, has approved .the proposal
.■
taxes:
Excess
March 8,
38,'*44
9,193,098
865,410
the
Dec. .31,
of the company to sell all common stock and other outstanding securities and. open accounts of St. Croix Electric Co. and all common stock
of International Power Co. to Robert Hawkins & Co. an investment bank-.
$10,476,308
9,779,532.
surtax-———
->
SEC Approves Sales of Security
-
AalOS*———iJ—$11,392,050
1944.
1945
New York Title. & Mtre* Cou—-Distributions-
Miekelberry's Fotod Products Co, (& Subs.) -—Earnings
Cost
which
for
tracts
production of 12,777,135 kwh. for the corresponding week a year ago.
Gas output for the Feb. 16 week is reported at 157,540,000 cu. ft.,
a decrease of 4,446,000 cu. ft;/ 05 2.74$/ below prpduction- of' 161,986,000 cu. ft., in the corresponding week a year ago.
•
■
Net
-4:
of .12,959,893 kwh. This is an increase,of 173,758 kwh.,
r
-•
,
and amortization of $4,851,169 in •
tAfter deducting U. S. Treasury' tax/
and $585,000: in 1944.
tRepresented by
depreciation
in
in
NOTE—Assets' and liabilities at Dec.
justment
.
^
tha- week
For
stock
Able/on April 1 $0 holders of record Maich L4.' v '
,k "
The directors also declared an extra dividend of 25 cents and
the
regular quarterly dividend of 25 cents a share on the common stock,
both payable March 29, 1946 to holders of record' March 14.
No extra
for
$4,407,997
$335,000
259,120 shares.
■
J;)
jr''t
New
covering the
The, dividend is pay-
.3,592,279
3,664,963
reserves
-
1945
notes
p.: 90S.
;
,A
-
1,819,738
;i 249,855
11.660.400'
$18,256,860 $19,503,325
^
♦After
p> 3077.
"v
-
;
surplus
Total
Newberry Co.-^Secondary Offering—-Paine,
Webber/ dackson &. Curtis recently effected, q secondary
distribution ,o£ 10»2DjO common shares, (no par), at $373/2,
witli su dealer concession. of 50 cents, a share.—V. 163,
.
Extra Common Bividencl-—
'<•>*/
<*
1-
'
"
'•
(no:par)>_w____w-—:
424,263
:V;;..i,yv"/;:'i-WrfiSr
/
deducting; U. S. Treasury notes, $3,320,000), $3,005,5,05i 5%
preferred stock (60,009 shares, par $100), $6,000,000; common stock
(par $1), $1,037,189; capital surplus, $5,515,865; earned surplus, $10,541,288 { total, $30,611,316. '
"
stock
v
/
243,855
11,660,403
—
ICommon
•
..
$1,762,720
259,249
" 1,115,989
-
*
income
on
111 111
$1,306,393
—
Accrued accounts and sundry taxes___:
tReserve for Fed. income and excess profits tax
Reserve appropriated for contingencies
per share.. It is also proposed "to" change each present
par value share into two new $5. par value shares.-r-V;
162,
(Ji
taxes
.—.-—I,———$18,256,869 $19,509,325'
LIABILITIES—
Accounts payable /—
Natural; Gas, Pipeline t Co. of America—Sells Bonds
PriyateIy«~Tlt is understood, that the^company has placed
*
Federal
Total
:! 137,707!
,93,223.-
H
3,353,698
value of $5
:
1
LIABILITIES—Accounts payable,- $2»30J,429; accrued expenses,, taxes,
,
5,502,709
;
$4,998,216
;; priyatelY) with .|nsiu;$uicei :jqompahle&..
mortgage 'bonds. ; Proceeds of the issue, together • with
other funds, were used to pay off outstanding indebted-,
f
ness.—V. 156,: p. 1154.
accounts
equipment ahd' uterisns
„
• 1/27,354
,
Prepaid^expenses, etc;__.—
*
8,490,776
163; p; 196.
par
1,927,354
5,502,709
>41,237156,503
.
no
hand, in banks and in transit, $13,881,099; U.r S.
(at
rights 'and'development-—
trade names, etc.
—
acquired from dissolved subsidiary-lv-
Munsingwear, Inc;—-To Split Up Shares—
v
obligations
20,774
3,435,773
Patents
29,83.7,610
'
BALANCE SHEET, DEC. 31, 1945
Govt,
£30,132.
3,174,470
:
Goodwill, patents,
The. directors .have voted, to recommend to stockholders for
approval
the. annual meeting to be held on April 16, 1946, an Increase in
.authorised capital stock from 200,000 to 500,000 shares and that the
present stock,; without par value, be changed", to common 'stock
having
at
*
on
''
4X271
—
<,
1
After deducting post-war credit (which in 1944 amounted; to $532,500, of which $106,480 is allowable as,a debt retirement allowance),
tlmsluding occupancy and- general administrative expenses. *.
ASSETS—Cash
3,468,ic9
/
3,301,176
..
$3,7.76,324 $48,330,702 $43,326,602
$398,532
Net incomes——_
*
930,253
$1.90
361,078
39.17&
Marketable securities
:.
i
Operating
$2,288,542
300,000
*
$1,545,768
$1,171,836
—
—
Operating
3,175,000
900,000
990,253
:K ■/
.
94,792
300,000
;
994,857
.
$3,522,^70
! I $3.01
31'j
'
735,514
.
'
$2.23
SHEET;. DEC.
-
$6,363,542
1,207,500
3,330,7,63
$4,110,519;
'
518,246
$3,664,983
__^__
refund
tax
3,592,279
;
^
profits
994,193
$779,756
$4,183,223
518,240
ASSETS—
Excess
$2,173,949
403,000
--
$590,944
beginning of yean../—
Cash:
,
income
on
income
Federal
COMPARATIVE'BALANCE
stock
common
Operating taxes_u______
4,950,000
960,000
surtax-
v
$1,590,944
400,000
600,000
"
67,813
profits taxes——
Normal
-
33,019
_
r
$8,282,254
Excess
162,577
15,269-
*u-'
—
'
for
—
240,618
,.
$7,193,848
>
655,651
22lis0
,
116,141. ;,y
market)
/. Postwar, refund of- excess profits taxes (est.)-/
Period End. Dec. 31—
Miscellaneous accounts and deposits1945—Month—1944
1945—12 Mos.—1944
Operating rovenues/_$4,127,497 •■ $3,781,969 $48,414,697
♦Land, buildings; and equipment--/
$43,376,402
Uncollectible oper. revInterest in Beebee Island Corp., water power'
• 9,002■
-5,645
83,995
49,800
48,195
:
16,322,115
16,174,921
and
Cash dividends paid
Mountain States Telephone &
Telegraph Co.—Earns.
$7,145,653
:
:
re-
etc.——
expenses,
.
$8,986,017
712,484
/
90,729
>
.
1944'
1945
./■"■ ' Earned surplus at end of year———
; Earnings per share^__
(par
$!), $202,165; capital surplus,
$71,667; earned surplus, $289,946; total,
$1,408,682.—V. 157, p, 2451.
>•:
$9,099,979
.
Balance,. L—
Treasury—
.
year
all
392,497
"Earned surplus: at
31, 1945
hand, $199,828;
.
fiscal
of 40,000
of which
listing
$100)
:l.—j
for
■
—_—
banks:- and
Reserve
.
$9,012,429
*
depreciation
profit from
55)743'
LIABILITIES-—Notes payable—trade
creditors, $9,000; * accounts pay¬
able, $10,964; accrued, social security and city taxes, $5,720; accrued
interest and commissions, $24,720; notes
payable—loans for payment
of U. S. excise tax on distilled
spirits, $466,322; Federal income taxes
$71,282,195 $71,324,436 $67,351,104 ■'»
exps._
62,239,765
62,369,535
60,205,451
tCost of goods sold and oper.
the
(par
656.
—
for
$121,181-
^
(46%).
post war 3*efpnd bonds, $14,709; accounts receivable—customers
(net),
$163,185; inventories, $894,546; other current assets,
$60,571; property
plant and equipment (net book value), $43,553; deferred
charges $32,290; tptal, $1,408,682.
;
for
1944.
'
stock
p.
^^1 715-
BALANCE SHEET DEC.
McCrory Stores Corp.—Annual Report—- \
,
income
ASSETS—Cash
•
1945
authorized
preferred
Other income,
$119,467
—
operating profit
Net
.
,
9,801,678
31 606
_
•Reserve^ for Federal income
($5 par) was made Feb. 21 by a bank- r
ing group; headed by Butt & Go., Inc.
The stock "is 1
priced at $7.50 per-share. Of the total number of shares offered, 70,000 are being sold by. the company.
The
.balance of 28,000 shares- i& being; sold for, the; account ;
of .certain stockholders* Proceeds to be received; by the "
company from, the sale of its shares will be used for the
acquisition of additional plant facilities and to procure
additional manufacturing equipment.—V. 103, p. 654*
Sales
Exchange has
outstanding.—V. :163,
renewals, ,adm.
taxes
subsidiary-
69 334
income
15,164,292
10,149,945
Total
McBee Co^—Stock; Offered—Offering of 98,000; shares
STATEMENT^ YEARS ENDED DEC. 31
690,475
________
17,577,278
;
AhxortizatiorL.of emergency., plant facilities
Amortization of patents acquired from dissolved
$910,881
_
/—
of .common stock
INCOME
and
Allowance
Net
party to agreements to
purchase certain, securities;- when,- as ands if issued or available, at
an approximate total cost ol $232,000.—V.. 162, p.
2820,
_;
/
;
*
company
sales
Cost
Selling expense Administrative' expense
74161.032
15,723,970
discounts, returns and allowances— $18,547,371 $13 .454,406
equipment
a
Stock
cumulative
manufacture,
-pairs
_
>
"regulated investment company" during the
1945, and distributed to its stockholders all of
as
after
of
General
,
Freight; discounts,':etc.
(exclusive of 361,100%
•NOTES—(1) No Federal income tax has been accrued
believes
Gross
'
-
and
Calendar Years—
Cost
STATEMENT OF OPERATIONS,. OCT. 1 TO DEC.
31, 1945
sales
—Z—
ZZZZ:
£■
;
$919,477
Z
/_
8)595
-
.
<•
955,533 V2
York
of 4lA%
issued
Sales
.
;
shares 4n treasury ) outstanding at Dec, 31, 1945—— $14,969,598
par
868,343
82,774,270
14,594,845
1,012,918
1,375,454
:
$104,050,054
114,946,393
7,952,817
New York Air, Brake Co.—Annual Report—
4:
-
Total
Net
■
9,098,764
: Cr297,350
;
p. .467.
New
held.
LIABILITIES—
126,662
160,879
:
Newport Industries, Inc.—Listing of Preferred Stock—
4
more,
—
14,844
1,443,297
1,237,865
Net oper. income—.,
K' Net- income.—.
//
'
$.'('■•
$9,013,608 115,107,272 104,176,716
.
Operating revenues..,. 10.307,226:
Operating
expenses—/ \ 7,693,907
k;
$9,665,726
9,552,269
f
$10,329,139
^
21,913
rey,_
$
$.
;|/,'■ '
iv.v/-;/ :
47,399,841
17,607,710
revenues-
Uncollectible, oper.
$80,805,773 $72,712,506
3,710,077
1,812,427
$
Earnings-
1945—12 Mosr—1944
1945—Month- -1944
,
at
Total
110,002,
$14,626,593
Receivable for capital stock sdld-4-ia process of delivery
•
>
$6,429,202
<;
oper;
i—V* 163, pK 314.
$9,155,790)—.
Cashondemand:nep6sit_-.-^-rJ^--_'-_^___~-^u_________J_
Dividends receivable
4,830,455
income/--/ //' $740,251,
income—/——
701,141
Net
Federal
$7,158,691
revenues
expenses-—
Period End. Dec. 31—
,r
Securities/at .market? quotatioxusf (average cost,. $9,168,400;
cost
13,0527",691
.
New England Telephone & Telegraph Co.
i
1945—12 Mos.—1944
$6,436,893 $80,915,775 $72,808,151
lOperating. taxes;)-/—// /. 1,587,985
/$4T5,575
'
ASSETS—
Operating
Operating
iev.u /
oper.
./
-
1945—Month—1944
;■
revenues--/-/$7,171,743
Unoollectible
2^,150
;
$457,322
STATEMENT OF NET: ASSETS • DEC.
.
...
Period End. Dec. 31—
Operating
$440,325
—/—/•////////;/
losses
or
t,
.
$457,322
Michigan Bell Telephone Co.—Earnings—
v
/:•■
$487,786
Expenses
Net income before prov.
•
1944
'
51,305
—•«' w
1031
324,173 t." >259,319
:/
2,837
$389,346
155,205
.
202,218
66,284
securities (stated at market value on
dates
of payment).
tExclusive of gain or loss or sale or disposal of Investments.
;
/■■'*■»';
..
Balance, Jan.
THE COMMERCIAL & FINANCIAL CHRONICLE £— /'V
,'
ENDED DEC. "31,<v 1945
YEAR
'q
li#45__
exchange of class A
1,
preferred stock;
value of 23,700 shares class B common
Adjustment to par
.
for valuation of account receivable—
'
J
1945____i*,—,
Pec. 31,
Balance,
,
'7»jJ0
purchased for treasury
Provision for rfeserye
37,039
of
38,439
$7,536,652
—
—
UNREALIZED'APPRECIATION OF INVESTMENTS—
(2)
$457,606
7,296,952
Balance, Jan. 1, 1945
Appreciation pf Investments Jan. T, 1945 to Dec.
31, 1945—
1945_^___
Balance, Dec. 31,
(3) EARNED SURPLUS
ended Dec." 31, '1945J
income .for year
Net
Dividends
758,276
——
Total—.
1945
paid during
serial
——*
,
shares
of -old
at
of
interest rate estimated
an
l3/i %, payable
by the
—V.
$831,542
connection
In
.
the
from
with
banks,
in
the
bank
the
loan,
consideration
of
company
the
proposes
class
900;
B
stock
common
scrip
and
capital
$6,381,500;
$5),
(par
revenues
Uncollectible oper. rev.
"
V. 163, p. 908.
-
.
,
.12,830.
.
,,
and
„
on the common
time.
The no par common
stock had been
receiving quarterly dividends of 25 cents per share
since Sept. 15, 1944, and 50 cents each quarter before that.—V, 160,
p. 988.
.
.
.
The
driectors
defer' action
18
voted
to
declared
about
this
on' Feb.
ordinarily
Net
—V.
.
,
r
Noma
Electric
Vr
'
Corp.
—
increased
The company
The
corporation has renewed an offer made to stockholders of
Industries, Inc., to exchange one share of Noma stock for ,/
of Triumph stock. - Under the original offer of exchange /
Triumph
shares
of 494,722 outstanding shares of
477,891 shares exchanged their
stock ten¬
which
expired on Oct. 20, 1945, out
Triumph common stock holders of
future
The
great
York, N. Y.f is exchange agent.—V. 163, p. 908.
Broad St., New
North American Utility Securities Corp.—Ann. .Report
security investments on the basis of Dec. 31, 1945, market
quotations and after providing for the additional Federal income tax
at current rates (approximately $600,000) which would be payable If
the appreciation were realized, net assets of the corporation amounted
to $6,713,374, equivalent to $111.89 per
share of its preferred stock §
outstanding, as compared with $5,698,280, or $94.97 per preferred /
share on Dec.'.31,-1944.
- "■;> •/ '~h
1 "
*
> 14
'
The preferred stock is entitled as of Dec. 31, 1945, to a preference
of $137.55 per share, or $8,253,000, including accumulated dividends |
to Dec.
15, 1945, still unpaid.
There continues to be no equity in /
Valuing
assets or income
the
common
disposing
North
stock.
common
SEC among other
by
the
stock.
American
"
-
,
American Co. owns all of the
The North
of
for
*
1
'
should
preferred stock and 80.62 %
has been directed by the
Co.
disposition in some appropriate manner
ownership of the securities issued and property
causing vthe
or
1945
1
,
1
Provision for other taxes.
expenses
,
_____
—
—
/
^
3,055
»./
.
action
approved
Net income
282,000
281;
interest
accrued
U.
on
S.
Treasury
certificates
of
!
indebtedness,
$60; cash, $47,550; total, $5,067,360.
:
authorized
'
,
i
■
taxes
accrued,
r'
"■
1
$21,360;
'/
*
total,
$5,067,360.—V.
••
i
press
16,
31—r
oper.
rev.-/"-
'
the
1,827
,
to
incorporation
163, p. 908.
„
'[
.
ate
the new stock to . be:
The company has
for. this change,
Operating taxes
^
Net
-
mm
Income
oper.
$501,411
-
•
* ■; «
,4
;
\ //"
;
stockholders
The
38,283,682
12,124,455
two
$7,631,849
the
$6,765,402
Period End. Dec. 31—
1945—Month-r-1944
$114,641
revenues.™
oper.
Co.—Earnings—
1945—12 Mos.—1944
$101,842
119
134
rev:
$1,295,486
V
1,560 :
'
,3
•
f
^
^ (
-
,
1
; t/ •
•'
•
' • i.- v*
$101,723
76,017
$1,293,926
818,429
have
been
called
to
a
special meeting on March
11,876
289,770
air
302,775
*
oper.
income—_
$13,830
8,375
v
$185,727
$188,925
117,125
123,723
*$2,251
income
.vr.
*8,392
■ •
Deficit.—V. 163, p. 316.
grounds
that
efforts
whose
Board
established
to
be
fair
Oklahoma
Gas
&
Preferred—
The SEC
which
will
Electric
Co.
—
hold
a
Plans
hearing Feb. 25
be summarized
on
seeks
,r
the company's
application,
relief
follows:"
proper.
decided
$100.
For
this
purpose
as
company
propor.es
to
issue
and
exchange
cities
on
the route to Boston,
these two heavily populated cities served only on
the
in
the
form
denial
of
of
approval
of the proposed
Penn¬
sylvania Central-Northeast merger; re-opening of the case to give con¬
sideration to Colonial's application; or that Colonial be allowed to buy
the Northeast system at any price the Board establishes as fair and
Company proposes to exchange or redeem all of its outstanding
146,478 shares of 7% cumulative preferred stock (old preferred), par
may
reasonable.
ther route required the services of a regional carrier
would be concentrated on the local traffic requirements
rather than have
Exchange of
^
,
and
long haul routes of the larger carriers such as Pennsylvania-Central.
Contending that*the route would logically, have been awarded to
Colonial Airlines if Northeast had not been in the case, the petition
■
for
,
operating
v
. t
«
.
„
expenses,
was
83.71%,
revenues
compared
.with
5l.il
,
reserves
to
meet
this
situation.
The
taxation
system,
The
cre¬
however,
sum
Colonial's
'
petition
.
further
■
application
in
'
■
,
asks
the New York-Boston case
1943 be re-opened and that its
that
by Civil Aeronautics Board in
war
was
of
company for 1945/ 1.' e„ federal and various
and property taxes, amounted to $52,239,362.
adjusted
years,
which
in
1945
reduced
by
tax
railway
credits
taxes
for
of
$24,443,381, for
the year to $27,-
795,981.
adjustment of. prior years' taxes reflects the. tax credits inci¬
■/of the 1943 taxes due to a carry-back of unused excess profits credit
1945,
from
Railway
$12,741,141
that proceeding for a New York-Boston route be re¬
„
NET
ment
-
'
«
.
taxes, together with unemployment Insurance taxes- of
and railroad retirement taxes of $13,802,891, aggregated
$54,340,013*•://:
proposal calls for the integration in the PCA system of
which has 1,800 route miles serving 25 cities in New
The
of New York and the other New England
Net
Net
pay
to
airways,
The
NEA system
In
Colonial's petition asking for the merger denial the company
stated that the New York-Boston route was awarded Northeast on the
$1,213,767
722,067
for (
to the accelerated amortization charges applicable to the years
1941—1944, company having elected to amortize its emergency facilities
in full over, the period of the war, together with a further adlustment
J »'
is jointly proposed by the officers and directors of the
lines and is subject to approval by
the Civil Aeronautics
conditions the
__________
Operating revenues__
$114,507
Operating expenses—102,411
Operating taxe3—_____
14,347
$17,434,508 In
dent
f
"* 1 ' f" *" ;.l
Petitioning the Civil Aeronautics Board on Feb. 18, to deny the
proposed . Pennsylvania Central-Northeast Airlines merger, Colonial
Airlines, Inc., offered to purchase the entire Northeast system on any
$1,215,237
1,470
1
expenses were:
operating ratio, which is the percentage of operating
prior
■
merger
Board.
-
.
and
snow
Railwayf taxes
England and Canada.
PCA's present system consists of 4,000 route
454,864 f 6,642,943 V. 6 144:177
'
'
1 /miles linking, nearly 50 key cities of the East, Midwest and South.
-:;-S;
Colonial Airlines Asks CAB to Deny Merger-
■
Ohio Associated Telephone
Operating
• •
fair
taxed the same as other income.
Deferred maintenance must, there¬
fore, be paid out of post-war earnings, and the more the post-war
'earnings are siphoned off through taxation, the less will be the
money the railroads can 6pend on rehabilitation and Improvements.
270,888
—V.il63;Cp. 3l6.
.>■;
(Uncollectible
12,486,425
"•
-
$816,605
Net Wcome.
,
43,067,958
533,347
Cr964,357
;
; 1
-
4,036,830
a
would not permit them to take any tax benefit on reserves so created,
and money that: should have: been set aside for this purpose was
to vote on the proposed merger of Northeast Airlines, Inc., with
PCA. Stockholders of the latter will vote on the proposal on March 7.
$57^173,539
$5,071,588 $63,186,232
given
/ TAXES—The f, American railroad transportation ; system »is v heavily
taxed.? Nationally,
the railroads, after providing for operating expenses, interest, rentals and other necessary charges, have been giving
up over' half their remaining income to taxes, and this has its. effect
on maintenance,
rates, and service.
21,
Operating revenues^. $5,898,953
Operating expenses
ft 6,046,705
and
There was much deferred maintenance during the war period.
Commerce Commission gave the railroads authority to
Pennsylvania-Central Airlines Corp^Proposed Merger
The
59,075
peace,
state and local corporate
v
82,416
of
reflecting the heavy charges
emergency, facilities, and increased charges
This
—V.
1945—12 Mos.—1944
$5,073,415 $63,268,648 $57,232,614
war
Interstate
declared a dividend of 35 cents per
stock, payable March 30 to holders
is the first dividend payment since
and is the equivalent of a dividend
$1.05 per share on the old stock. The dividend declared last year
this time was on the basis of 75 cents per share on the old stock.
of
..
of -the
result
structures,
securities owned.
the
Feb. 19, 1946,
on the outstanding common
record March 11, 1946:
This
the stock was split three for one
Co.—Earnings—
12,244 /
and
of
1945—Month—1944
$5,911,197
revenues——
war
The directors on
at
Period End. Dec.
of
approved a proposal to change the
200,000 shares of $10 per value into ;
14
from
of
opportunities
share
1946,
49,061,000 kwh., as compared with 46,317,000 kwh. for
corresponding week last year, an increase of 5.9%.—V.163, p. 908.
Operating
articles
a
•
(J. C.) Penney Co.—35-Cent Common Dividend—
company for the week ended Feb.
Northwestern Bell Telephone
Its
as
Pennsylvania RR. during the war years paid in -taxes and
for improvements:and repairs, to meet the war load, a
sum of money equal to the entire debt upon the property. .A national
railroad system without any debt would place the railroads in the
same
position as their
competitors, as the Government furnishes
a large amount of the capital for, the waterways, the highways, and
162,
■
totaled
-Uncollectible
stock
common
faced
are
The
provide
reports stated on Feb 18.—V. 163, p. 230.
amended
Northern States Power Co. (Del.)-—Weekly Output—•
; Electric output of this
Feb.
400,000 shares of $5 par value, two shares of.
issued in exchange for each share of the old
LIABILITIES—Second preferred stock (60,000 shares, no par) and
stock
(466,548 shares, no par), $1,500,000; capital surplus,
profit on realization of investments (since Dec. 31, 1940),
$9,200; undistributed income (since Dec. 31, 1932), $151,247; dividends
$3,385,248;
$304;
on
railroads
disbursed
'
common
unclaimed,
p. 462.
■
■
stockholders
The
the
for
way
Split-Up Approved—
Parker Pen Co.—Stock
obsolescence
pSOU to
approved the final transfer of
.
ASSETS-fi-Investments in securities, $4,912,468; U. S. Treasury cer¬
indebtedness (at cost), $65,000; dividends receivable, $42,-
the
of
required
ried
tificates of
which
principal increases in operating
The
*
ican] company operates a network of 4,296 miles, and during 1945 car¬
118,000 passengers 63 million passenger miles.—V. 163, p. 657.
;.vv
;vv
-ito,\
C;.v
v V" AV'--': V;:
:
and
'decreased: $1,940,611*
The
on
stock, representing 1,375,000 pesos par value, to Mexican
giving them full control.
In December, 1944, 44% ef the
stock had been sold to Mexican citizens as an initial step.
The Mex¬
BALANCE SHEET, DEC. 31, 1945
out,-
.
company's
$272,046
270,000
$275,981
sh.)_
worn
and ice, offset partly by decreased charges for main¬
tenance of roadway and trqeks; $17,921,776 in maintenance of equip¬
ment, due to heavy charges for amortization ~of equipment, offset
partly by decreased charges for repairs to freight cars; and $10,350,711
in transportation «xpenses.
.
■,
Depreciation and amortization aggregating $89,811,392, an Increase
of $42,185,567, were charged to operating expenses.
"
Other charges, chiefly rentals paid to leased roads for use of their
property, and interest on company's debt, decreased $2,361,361. .The i;
rental paid leased roads amounted to $47,091,023, of which $31,856,704
Was returned ^"companies in the system as dividends and interest
nationals,
Cash div. paid on 2d pfd. stock ($4.50 per
•
• .
' >.•
control period—saw railroad
facilities
intelligent consideration by state and national authorities
regulation* restricts-the opportunity for the railroads to
removing
Aviacion, S. A., to citizens of Mex¬
sale of 13,750 shares of the Mexican
the
their
have
amortization
of Compania Mexicar.a de
This
of
INCOME AND EXPENSES—The largest decline 4n -operating -revenues
in freight reyenue, which decreased $70,833,779.
Passenger rev¬
enue
Corp.-r-Transfer of Mexican
Airways
The directors of this company have
ico/
v- 1
war—the; government
much
was
13,177,355
20,652,032
I
16,653,287
20,880,972
1,787,605
V..
Approved—»•
control
900
2,582
.___
Line
$292,001
16,000
:
590
___.
1,238,150
317.
p.
American
Pan
1944
$298,153
19,000
_
Provision for Federal income tax
Miscellaneous
'
■
are
equitable chance they will furnish the public -the best in freight and
passenger
service.
'
'■ -• -: ■ ./. /
vvvV:;a-,■■■; -'''.v.-.:
INCOME STATEMENT
Year Ended Dec.-31*—
Total income
1'
*
_
163,
and
satisfaction
the plant
up
planning
are
Bonds-
11,343,210 144,666,936 127,992,571
7,329,815 100,881,670
87,821,039
2,775,245 27,131,979 26,994,177
3,856,138
2,783,447
income
—V.
The plan is still pending
plish the purposes of the Commission's order.
before the Commission.
Net
troops
with
taxed industry-competing with subsidized industries, and all
they;ask l8 equality of :opportunityi
:
■'
- '1-,
As the railroads planned to meet the requirements of war, so they
11,365,210 145,066,035,128,301,371
' .22,000
399,099
308,800
expenses-.—
to
The
-
operating income
Net
by the corporation.
In August, 1943, North American Co. sub- /
mitted a plan of reorganization to -the Commission designed to accom¬
■
47,197 '
12,797,478
revenues11,768,716
taxes—.— Cr2,827,376
Operating
Operating
owned
'• ;
;
,
responsibility
and its
public,
heavily
11945—12 Mos.—1944
V*$'v-v$'■
r?■ .,$
12,844,675
operi ;rev.
'
Operating
,*'<fi'
things to sever its relationship with the corporation
of its direct or indirect
W■
revenues/i^
brought
•■forward::^:fVA':«'^/V;^
:/
railroads want no subsidy! they-want Equity./' They.-ere", a;
move
1945—Month—1944
P-~*~
Uncollectible;
.
back
maintenance
Operating-;
to the
railroads.
with
lems
Pacific Telephone & Telegraph Co.—Earningsv'.
look
first ^world
whereever
was
.
is pre¬
It
years.
Many years and many billions of dollars were necessary I
to meet the changes In the national economy.
After that war the money was raised by borrowing, a condition that
adversely affected the industry during the depression of the '30s.
The money needed for rehabilitation after this war must come largely
from earnings .and depreciation charges.,
^
"
The
country's vast system of airways, highways-arid waterways
will
be
expanded at the Government's expense, while all of the
The prob¬
improvements for the railroads will be privately financed.
1358.
'V'1
handling
of
job
doubled,
build
to
total
Period End. Dec. 3J—
100
the economic impact
the
service
its
of
can
;,its
The
;
.
last
the
everywhere.
by the bidders.
Bids should be sent to its office, 275 Pacific Electric
Building, Los Angeles, Calif., before noon on Feb. 25,; 1946.—V. 161,
p.
for
emergency,
upon
recently announced that this company would entertain bids
for the surrender for redemption of refunding mortgage bonds to an
amount sufficient to exhaust the sum of $11,002, at prices to be named
it
has
a national
necessity at all times.
The greater
the greater the necessity, and in times of great
necessity—the first world- war* the heavy business/period of the late /
'20s, and the war Just ended—this country has found it could depend
*
accomplished pursuant to
Pacific Electric Ry.—Seeks to Purchase
v
it
war, and at: the same, time set up new
transportation—both
freight and passenger—maintain
railroads
The
the
.
present offer of exchange will expire at 12 o'clock noon (EST) <
1946. The Continental Bank & Trust Co., of New York, 30
as
.
"
March 1,
on
m
and they will be able to meet the effcts of reconversion if an under¬
standing public, through its legislative and regulatory authorities, per¬
mits them to have a fair opportunity to do so.
.
■
outstanding to $22,174,000.
The redemption
the offer made Dec. 6 to prepay bonds
of the issue at,i01J/2.—V,46l/p.. 1099.
....
reducing the
1946,
;;//■
Expenses of operation /
cover the unamortized/
that. the wpn 'H over and
supplies is nearly done, the
on
having furnished every
service
they were called upon by their country to perform.
They
were able to meet the heqvy war load because they were, prepared,
company, a subsidiary of Union Pacific RR., in December and
January redeemed $1,206,000 of consolidated mortgage 4s, due June 1,
was
end pf
of
railroads
; ■
J
-
including
faithfully
the
integrity
the
9,665^617
Y, \'s''
N
industries.
$41,395,479 to
larger
that
as
by
standards
the
^ This
holdings for Noma.
In addition, 1,323 shares of Triumph
dered' for--exchanges were^heldcin'a suspense account.
1
Vork
the
^the/employes'and/nwnersi:///;/;'/:///^
ly TRANSPORTATION FOR FUTURE—Now.
'
NPW
of
some
paid in 1944/1943 and 1942—5% ($2.50 per share).
operations were well performed and the management
the railroad will continue to serve the country in
rate
confident
about
has called for redemption on April 1; next, $535,000. of
"RfOdHwav
ion
.of
costs
higher
to
increased .-due
pared to meet the shock of reconversion,
refunding mortgage 3% bonds, .series A,.due Oct. 1, 1960, at 102V* and
.interest: Payment will be made at the pfjice^, of, the. company, vRoom.
oqoo
H
constantly
in 1944, a decrease of $15,712,193.
Notwithstanding this
net income, dividends paid in 1945 were maintained .at
in
same
the
to obtain
196.
p.
in
Company's
is
$9,925,245
$887,011 $10,057,929
899,685 '
9,618,065
$1,001,324
849,094
high level of business that pre¬
continued during 1945, the; volume being
and exceeded only In 1943
■
$47,628,686;
decrease
42,161,012
20,456,526. 20,466,928
$535,000 of Bonds—
Renews Exchange Offer for
Triumph Stock—
two
163,
,
years
the company's history,
operation
$64,720,431
the
Oregon-Washington RR. & Navigation Co.—To Redeem
:vtv'
■
operating income
Net. income
m
portion of the cost of emergency facilities required for the prosecution
of the war.
The net income in 1945 was $49,008,238 compared with f;
costs
dividend
i..iv
YEAR—The
THE
■
of
disturbances
.•
Niles^Bement-Pond Co.—Dividend Deferred—
.
,
RR.rr-99th Annual Report—M. W. Clem¬
largest in
1944.
Costs
47,947,230
3,695,616'
1,865,344
,
labor and higher cost of materials. -Operating revenues of the company
declined $73,562,501, caused by the cessation of hostilities and labor
$6,447,971 $78,461,685, $72,553,185
Operating revenues__ - $6,809,559
Operating expenses
4,271,818
Operating taxes —1,536,417
,
third
the
-
,
FOR
RESULTS
.
$6,456,216 $78,588,139 $72,642,491
8,245
126,454
89,306
$6,822,389
Operating
surplus, $7,536,652; unrealized appreciation .of investments, $7,754,558;
earned surplus
since' June 30, ■1943, $831,542; totals $27,315,270.-*^
system should be soldlto-Pennsyl
er
carrier other than Colonial Airline^, 1 > .
'
vailed during the war:
general, $373,593; cash reserved for redemption of
firm commitment to take such serial notes upon
class A preferred stock (see contra), $15,855; accounts receivable (less
the event it is necessary to issue said serial notes, the company will
reserve), $51,084; interest and dividends receivable (less reserve), $62,then apply the proceeds from the sale of the additional common stock
745; investments—U. S. Govt, obligations at market value (average
:
to the payment of its outstanding notes.
\ ■
■
cost $2,200,000), $2,243,016; other securities at indicated present value,//
Company will make appropriate amendments to its articles of in¬
$24,558,081; miscellaneous-assets,.■$10,897; total,v$27,315,270;/'//" , >1
corporation to provide for the - issuance of the 4% preferred stock
LIABILITIES—Accounts; payable, $8,380; dividends payable, $1,121; ■/ through - the reclassification of its presently authorized but unissued
bank
loan
due
on
demand
(secured),
interest, 1 % %
per annum,
6%- cumulative -,preferred stock,—'V. 163, p. 908;
$300,000; long-term bank loans due 1950 (secured), interest, 23/a%
per
annum,
$2,500,000;
taxes payable
(partly estimated), $21,762,
Ohio Bell Telephone Co.—Earnings— . amount due for redemption of class A preferred stock (see contra), $15,Period End! Dec" 31— ^ ' 1945—Month—1944.. 1945—12 Mos.—1944
855; 4y2% -convertible preferred stock (cumulative (par $100), $1,963,- \
ASSETS—Cash,
if the Civil AeronauticsV
awarded to Colonial,
any
163,. p/658.
; Pennsylvania
of a $10,500 fee, a
written request.
In
payment
to
194$
ent, President, in submitting the 99th annual report to
.
DEC. 31, 1945
BALANCE SHEET,
^Monday^Pfibruaryi 25,'
W-4.!< I
the Northeast
that
or
|f it
stockholders states in part:
of approx¬
company
+
and the route
decides
Central
the same period as the com¬
substantially
over
\*u* lb 1}f
vania
•
preferred
pany's presently outstanding serial notes are payable (approximately
71/2 years).
The proceeds from the sale of such notes, together with
treasury funds of the company, will be applied to the redemption of
the 33,978 unexchanged shares of old preferred stock.
423,623
,
Balance, Dec. 31, 1945
112,500
notes,
imately
I——$||
™~:—
for
share
one
V,
Board
the old preferred stock on the , basis
stock for 6 shares of new preferred
stock.
The exchange offer will be limited to the old preferred stock*/
holders- who
first
deposit, • in accordance with
the terms of
the
exchange offer, an aggregate of 112,500 shares of old preferred stock
and will be conditioned upon all of said 675,000 shares of new preferred
stock being accepted, which condition 'may be
waived by company.
The remaining 33,978 shares of old preferred stock hot exchanged
will be redeemed, in cash, at their redemption price of $125 per share
(an aggregate of $4,247,250) plus accrued -dividends to date of re¬
demption.
Certificates of deposit and certificates for the shares of
new preferred stock will be issued to the holders of the old preferred
stock who have Accepted the offer/of exchange.
The
company
states that it contemplates that funds for the re¬
demption of the unexchanged shares of old preferred stock will .at
some subsequent time
become available from the proceeds of the issue
and sale of additional common stock.
Pending the issue and sale of
such common stock, the company proposes to issue and sell to com¬
mercial banks and not for resale to the public $4,200,000 additional
$20,
par
;.
t%
considered
cumulative preferred stock ,(new preferred),
675,000 shares of new 4%
>/
,
surplus-:,v}..■
Redemption and
stock
SURPLUS,
OF
STATEMENT
(i) capital
,.
'v
.,
1032
>:
INCOME—The 'percentage of return earned- upon the invest¬
road
and
equipment
property
(operating 'revenues, .less
in
operating expenses, taxes, equipment and joint facility''rents)
equal to only 3.09%, compared with 3.92% In 1944/4:62% in
and 5.35% in 1942.J '-'1
.
income
•
was $49,008,238, compared with $64,>720;4S,1 in 1944,
$15,712,193.
•
5 "!rt.
''/ ' •/// ■:
There were charged against net income, $1,879,851 on account of
appropriations to sinking and other funds;, $1,801,145 WdVanced to
leased and affiliated companies, and dividends of 5%j:($32,919,385),
leaving a balance of $12,407,857, which was transferred to 'the credit
of profit and loss.,,:
.
•
:: ::■•//.i/:-- /,
:
•••■ / '
PROFIT AND LOSS—This account was also credited with sundry
net items aggregating $10,604, and was charged with $20,248,423, the
cost of 205,900 shares of common stock of the New York, New Haven
and Hartford RR; with premiums amounting to $3,699,170 in connec¬
tion with the refinancing during the year of $60,000,000 4*/2%
de¬
benture bonds of the company and $57,130,000 of its general mortgage
334%
bonds, and with loss on sales and retirements of property
aggregating $1,250,910.
..
;
The net
,
was
1943
a
decrease
of
.
PROPERTY—There watj a net increase in
in road and equipment property on lines owned and!
carried on the General Balance Sheet, of $32,981,,035.
Charges for road and equipment property during the year aggregated
$38,257,083; retired property to the amount -of $5,276,048 (of which
$1,467,006 was equipment) was written out of the accounts.
ROAD AND EQUIPMENT
the
investment
leased,
as
Volume
'"Number
163
'REDUCTION
OF
4467
THE COMMERCIAL & FINANCIAL
CHRONICLE
DEBT-—Maturities
FUNDED
during
the
on its lines bears
to the,total of such cars
operated on all the rail¬
roads/.'The'Pennsylvania RR. ,'arso has purchased: from The Pullman
year
amounted to $11,807,880, "which together: with other debt"; retired and
canceled amounting to $9,382,000, made a'total reduction of $21,189,880
in 1945.
This reduction was offset, in part by the issuance of}.
$16,290,000 equipment trust obligations, of which $6,000,000 2% 'obli- *
gations were sold
sold
were,
In
1.976%
a
basis..
.
and $10,290,000 l7/s%
basis,
These
equipment
the
as
result
a
public,
other
of
debt
.«)
•
•
..
reduced
$10,279,967
last
REFINANCINCJ
,
its
bonds,
of
those
' •'
In
January,
sold
were
at
eral
of
when
C
seemed
bonds
mortgage
series
it
on
possible that
3%
a-
basis
each .subscriber. //■/■-;/ /;„///'
in
servicing
cars, "
railroads.
'chartered,
was
/■
Today,-the company
the
// Philip
Morris & Co., Ltd., Inc.—19,543 Shares Taken
Up in Final Subscription—
\
The company reported Feb. 19 that final subscriWons to the
149,-
// '"
there
were
.
•
Union
and
in; 41
;.?"/ ;/'"////' / //•'•
has
was
cates
to
funds and companies in
competitive bidding
might sell its gen- v
mortgage 3% %
bonds
the system.
'
;
J
w
On
■
since
'
Dec.
; }/•
214,995
were
outstanding had
61.24 shares.
/
grown,
holders
to
-
3^4%/ series
D
issued
bonds
in
1943
business
end
up-to-date
October
31,
of
for
of
the
.
registration
statement
under
expired
take
Feb.
revenues
152,505,980
Taxes
—
others
.19.543
of
the
for
refunding,
not
originally
the
E.
who
offered
failed
shares
preferred
Act.
rescind
to
involved
in
of
old
actually
bought
official, of
an
the
will
debentures and to
retire
this phase
on
two.—V.
or
163,
orders.
have
will
the
Since
not
part
been
yet
to
decided
upon
sell
$15,000,000
refund
to.
whether
of
$11,500,000 1
the company's bink
loans.
of the financing may be made in the
819.
p.
of
effect
no
sa'd today.
company
Lyon, president, said that it has
announcement
/ day
subscriptions
the'r
stock
offering was to raise new capital
the fact tnat only 19,543 of the 149.883 shares
were
company's plans,
A,
-'
273,697,167 316,262,444
152,838,409 180,405,491
54,340,013
—-
Securities
18.
and
the
up
purpose
'"'r-'. ;/;;* /-/..vi.-/
Net
the
this
Stockholders
now
1943
$
18. /
the
that
earnings loss, the management decided to give- an
period of time
in
which
those
who- had- subscribed
for
shares of preferred could rescind their orders.
That
extra
period
YEARS
1944
Feb.
- /
''
/ .>./
new
preferred stock expired on Jan. 28,
subscription period the company brought
statement indicating a sharp dec!;ne in earnings
1945, the date as of which financ al statements
subscribe
the
Operating/revenues-038,453,41-t 1,010,015,912 979,773,155 }: the comnany will proceed with its original plan
debentures, ^which were to have been floated
Operatingpxpenses^-—^783,947,43l/ 736t318,745 663,510,711 *
-
bonds.
4Vfe%
refund
to
'
■
•
y'
scook, - which .it- otiered' to common
share, totaled only 19,543 shares.
This indi¬
totaling 123,020 shares were rescinded up
a
and
OPERATING RESULTS FOR CALENDAR
1945
$100
compiled for
142,563
'
of
stock, and the
13,167,754. The average
' r/'/ ■
-
oreferred
additional
•-/•'
there
1945,
shares
was
t'-'i
;//
/:///:
31,
of
at
of
to
Because
gradually
-'.'-'v./V./:
In October, 1945/ when it appeared that there might be an oppor¬
tunity to better a 3% basis, the Pennsylvania, Ohio & Detroit RR.v
refunded $4,672,000 of its series B and C 4Va% bonds and
$27,930,000/
the
close
an
;
of
the
3.60%
subscriptions
were
holding
This transaction was. handled
regulations.
/"/.;/;
that
•Rights
•
.
Under
of
out
■
through the issue of $57,130,000 generalmortgage 3% series G bonds, of .which $52,981,000 were sold, at par,
to
the Equitable Life Assurance
Society, the balance; of $4,149,000?
being issued to replace a like aniount of the called bonds owned
by
shares
stockholders
composed-
particularly of /:
residing in every
stockholders
foreign; eoqntries.
-
883
in
number
refunded
were
all
such
,
increased.
company
general
company
for
agreement
and
of
1917, and going beyond 200,000 in 1930.-An all-time peak
of
252,142 stockholders was reached in August, 1932.
During the
depression years the number decreased and thereafter
again
"•
.
terms
an
pool
a
of
mark
held
bonds
debenture
non-discrlihinalory
of
,
At" the turn of the century) the humber Of
stockholders was 'approx¬
imately 26,000; thereafter-the number rose rapidly, passing the 100 000
-
„
100,609 to a group of investment bankers
by competitive bidding, the balance replacing
by Various companies and funds in the system.
maintenance
.
toward
debenture bonds were called and
of. .3.VW&, general mortgage bonds, $51,-
like amount
a
782,000 or which
May,
,
the
electric output for the company and its • subsld/aries for tha
ended Feb.
16. 1946, amounted to 126,323.000 kwh., a decrease
9,175,000 kwh., or 6.8%, from the corresponding;'week of 1945.—V. 163, p. 945. //
Z"
:/'//'./
week
but
1945 $60,000,000 4%%
replacedwith
In
'
■;.$
and
Philadelphia.
to
competitive bidding, and despite this
able to make some very advantageous refunding?.r-
,c/--;
including
cars,
Philadelphia Electric Co.—Weekly Output—
The
depreciated
a
subscribers to the original issue of 60,257 shares of stock of the
value of, $50 each,/being an average holding of 22.87 shares
state
refinance certain
companies,- all; under
restriction of free negotiation
rates
affilated
its
at
;• The comparatively small group of original subscribers
almost
entirely -of- residents, of Pennsylvania; and
continued' its. policy - of;
company
money
of
by
its lines
on
Group of Railroads have entered into
themselves providing for the future ownership
reasonable
2,635
11
'
+*< *,
for Service
STOCKHOLDERS—When-the
•
$148,670,000
.$774,141,,-v:..,
sleeping
on
par ;
was
-
of
,.
therefore,•-
"
prevailing
as
reduction
net
a
-
BdNDS-—The
the
of
well
as
making
1945,
years,
OF
taking advantage
Otf
in
six
..
Assigned
cars
Buying
among
were ?;.
.
..
The; debt of the system In -the hands of the public- was,
.during' the
The
refinancing of - bonds and purchases
system companies was reduced $5,-;
of
380,087,f
Co): 123 parlon
value .of
obligations-
obligations
trust
finance, Jn, part/ the cost of new equipment..;{
addition,
from
on
1.858%
on
issued to
1033
An
next
,
"Railway operating income
98,165,967
.120,858,758 135.856,953.
Piper Aircraft Co.—Registers 150,000 Common Shares
1st and
Hire of equip.
joint facil. rents
20,985(428
11,886,692
8,310,542
Pennsylvania^ Ohio •'
The corporation,
manufacturer
of
light low-priced a rplanes, has
$31,873,000 were sold under, competitive bid-, ;
Net railway Operating income-.;.
registered 150,000 shares of common stock (par $1) with the SEC.
87,180,539
108,972,066 127,546,411
ding at 99.01 to the Equitable Life--Assurance Society,- the. balance* '
Hayden, Stone & Co. heads the underwriting group which will offer
Non-operating' income _J^—_J_.^ t42,990,622
39,272,649 42,503,518
yeplacipgr called' bonds held within the system.
the stock
to the
;
'
public at a price to be filed by amendment.
The
As
a
result
of
these
three
net proceeds -will be added to
/Gross income
—1
refunding operations, Company will
130,171,161
148,244,715 170,049,929
working 'capital/
-//•
/// //./■
realize approximately $47,000,000 of savings. •
Fixed charges _1V—81,162,923
"
'
I The company stated
the/Increase
in
83,524,284
84,631,445
working capital/ is deemed
r KP- .•qpH
t
ity'•. •.
% Refunding operations were also conducted by the Jointly owned
1
./.
'a- advisable as the corporation expects to manufacture aircraft for civil¬
.
,
This
was
accomplished
refunding, mortgage
through, the
2%%
series
issuance
E .bonds
of
$32,602,000
the
of
& Detroit RR,, of .which
;
'
^
Terminal
Railroad
Association
St.
of
Louis
the
and
Con-
York
New
^ectlbg RR.. frpnr Which additional sayings will -be realized. for
the
CORP.
Eastern
SUIT—The
District
of
suit
in
'
the
U.
; District
S.
Court
upwards of $100,000,000,
and
-
.
Transf.
of
the-Eastern
for
the* statute ;of:limitations
i iuit ;wetei
brougbt) to? trial}
from
case
the
.beglhning.
/been/reached
-
,
-;i
has
been
and
an
CorpT'providing 4 for
payment
in
effort
an
been
Circuit: Court
of
that court.
Appeals
In
that
for
District
decision
ment,
decision
a
Notice
the
OlIS
Court
favor of
been
Court
AND
for
in
has
Circuit
the
given
of
Railroad
also
Eastern
iiji favor»of ,the
District
Invest.
defendants
in
District Court,
stockholders
has been
suit
S.
its
Other
brought
decision
by
Otis
and Co.,
and
the bonds
sold at
in
competitive
the
its
and
Joint
Such
the
the
Interstate
efficient
and
for
In
to
the
with
U,
it
S.
matters
the
Act
and
to
of
the
Supreme
rates
of
As
conspire
required.-, hy- the
the
The
suit
Court
:
allowed
anti-trust
the
laws
of
to
Court
fix
but
has
/;/
clarified,
at
the
The
answ$i$e--of defendants, have been filed,
/appointed" & special Master to hold hearings
..Court.. ,.ja Tfo■ /Zi.C '■ ";•///• ...'. ?
PULLMAN SITUATION—On
;
/for
District
the lEastern
Dec.
sleeping
?0
.
18,. 1945,
the
and
and
to
well
as
sidiary,
The
the
total
dividual
service
the
of
to
cost
which
the
will
the
as
acquire
'
the
has
the
value
of
to
•v
purchased
The
Pullman
...
owned
■■
7,339,000
86,534,000
175,017
147,667,425
233,886,408
1,097,731// 1,847,915
953,989
1,748,296
.,
.
and
and surtax
266,789,883
1,484,510
Dividends
1,775,327
Earnings
paid
per
595,907,840
18,318,155
.8.528,248
30,677,632
'
22,472,578 ;
surtax
31,302,766
$13,903)
as"
from
one'
The
Co.
of ' the
Pullman
it
lines
250,380,251
Earnings
127,516,285
cars
y
-
11
interest
'
to
April
of
1946,
York,
N.
cost
stock
See
the;/;
Mullikeii
corporat'on
shares
of
will
its
continue
Chester
Nass,
respectively,
/}
tions
and/;
E.
with
O.
holders
sub-'/
the
*
stock
of
the
ing
new
Mulliken
purchase
Corp.
subsidiary.
&
Walter
Finer
engineering
as
Harry C. Straus,
transaction.—V. 1C2,
!
v
The
preferred
shares,
for
cash
of
all
the
operated
:
at
cost.
corporate
$135,397;
property,
.of
p.
?direetors-orr
with
E.
>■.
-.
-,v.
10-year promissory note matur¬
3^
thereon
no
stock
but
in
not
hands of
declared,
public
including $5,335- dividends
common stockvM805,045
(23,389 shares), £>r$3?2,454;
$919,735,
par), $10,066,203; treasury stock
-V.
assuming,, the
Piper,
Co.,
will
continue
&
-
Co.,/was
2823.
-
C
their
of
previous five years
//
1
are
-
,
CONSOLIDATED
declared
i-A.7»■;>£/;,.
sole
i
broker
Gross
.
:
in
CALENDAR I YE^RS
.
,
/;
Net Income
Net Income
1945'
the
—
740,411
689,910
*
1943
-------.
739,361
-
-
-.
-
;
;
'
792,343
•
;
.,
V- 73,'799?//.
.,..187,206i';i^7/:/.:
-
r-s
312,903
?<"'//>
.
'
327,980 v.-/■
76,766
45,524
111,807
-
'
160.107
■/
:;
-
v-:
$101,053
•
/• Consolidated net■)income- covered
:
/
118,266
:
for taxes)
«
$171,053
'/
iqdA-...815,692
■
(After Provision
/Before Provision
Earnings-/; .for taxes)
$816,816
____/——
1944
a
/, /
EARNINGS IFOR
"
}
,
Report-^1®
and compftiuaon with
summarized in the table which follows: /
'■
association with
"
Corp.—Annual
operations: for the year 1945
principal stock¬
the
/
^
results
•The
posi¬
the
formerly
consultants. '
same
•
,
(
$28,459,119.
.AOWU
Railroad Employees'
J.
Seifert, President;
Cummings, Jr., Secretary,
(
F,
Strsus
Feb.* 14
$300,000;
capital surplus, $362,414: earned surplus, $10,002,336; total,
163, p. 820.
-
out¬
quarterly dividend of 25 cents
per shaTe on, the common .stock,
par $1, payable March 7 to holders
of. record Feb. 25.
The company paid regular dividends of 20 cents per
sh^rc. in each, of the-three • preceding quarters, and. in addition,-on
Dec. 5, 1945, disbursed 15 cents extra.—V. 162, p. 2188.'
<;
.
,
$1.59.074))
Citv
$3,000,000; contingency reserve under New York
$100,000; subsidiary company's 7% cumu¬
1953,
29.
1942:
v
-
(promisorv note).
July
lative
.
(Chas.) Pfizer & Co., Inc.—Increases Dividend
142-
prices.
fat cost),
United States Gov¬
York
New
workmen's compensation law,
1Q4Q.
Co.
at; their-
receivable
mortgages
and
the
President, and E. S.
Pettibone Mulliken Corp.,
Beardsley
company
the
of
V'ce
Beardsley and
of
market
bonds
LIABILITIES—Accounts payable and accrued expenses, $1,877,264; re¬
for Federal taxes on
income (net), $2,123,621; current install¬
Beardsley
& Piper
Co., /leading
foundry equipment.
The
Beardsley. & Piper Co.
separate
corporate existencne
as
a
wholly owned
of Pett'bone
V.
sundry
State
York
New
organization expenses (as written down), $5,659,478; total,: $28,459,119.
/
Y.—
Corp.—Acquisition—
announces
of
manufacturer
subsidiary
customers' accounts receivable
sundry trade accounts, claims and
flour}; ingredients, supplies and products, (at lower
market), $2,387,144;
(quoted
1945
$4,250,000;
of $47,745), $303,543;
statutory deposits with state authorities,
and
29.
hand, $4,685,555; United States Gov¬
plant and equipment (at cobt) (after reserve for depreciation of $7,802,035), $10,199,311; deterred charges. $161,377; goodwill, trademarks and
Marquette Ry.—Merger Agreement Signed—
standing
railroad's
or
on
$0.64
.
1, '44
$580,684
$0.75
serve
Chesapeake: & Ohio Ry. above.r--V, 163, p,'.658.,■■■•"■ *
/: The
has
(at cost),
$70,534;
$606,780;
upon
9,
New
reserve
ernment
Bank
St„
securities
advances,
The Chase National
Broad
$0.56
.
Jan.
$495,273
$436,426
CONSOLIDATED BALANCE SHEET DEC.
(after
'/ /////!/ '
Dec. 30. '44
Dec. 29. '45
charges & taxes..
common share
ASSETS—Cash in banks and
ernment
.
^
bonds at
trustee,
profits tax $772,905, normal and
loss being charged to earned
such
Ended
per
241,157,275
accrued
as
its proportion approximately $6,000,000. ;
Pullman
York,
is
Net income after
135,528,792:
^
plus accrued
price,
1,621.950
$2.86
$2,69
■
sale of three manufacturing
equivalent to resulting reduction
on
(excess
of
•
88,402
s
$2,210,010
DARNINGS FOR FINAL QUARTER OF FISCAL YEAR
Weeks
12
237,194,559
255,962,529
Water Service Co. first
series A, due June 1, 1957 (not June 1, 1947,
reported), have been called for redemption on April 9,
and interest.
Immediate payment may be received of
New
1,549 872
"
-66,462
$2,079.-901
1,546 594
$2,60
remainder
-
-
* -
surplus.
'
/,
--
$2,030,847
co.
which
income,
$2,298,412
'
share.
garages
on
the
$2",148,063
786,808
64,550
stock—_
co.
common
plants and two
in Federal taxes
563,000,196
68,989,280
outstanding Oregori-Washliigton
of
parent
parent
Crl8LU5
$2,095,397
•Special charge of portion of loss
-
237,600,210
redemption
City
to
1,811,150
1.405,541
i
rt^105,527>
^
accr.
^3,5^,620
1,353,446/.f
————
Consl. net inc.
$5,333,988
l,O35,74i,}wirL055i2C4 /
'
/-/-,
7% cum. pref. stock in hands of
pub. from that co's net income—
.189,165
'
def.
784.
Pettibone
sleeping cars assigned for
,•Z:
RR;,
the
28,750
,<
,$5,271;392^$4358,420
Net income for year, all companies
Divs. paid or accrued on sub. co's.
14,353,000
7,122,000
.143,272,205?
the
full
'
services
which the number of
f
578,000
2,826,021,503 2,829,013,950 2,811,214,542
of
51,286,504
•Special charge
>*
-
82,455,000
-——
Pere
•
Court
owning
wholly
for.- service "on.
$7,556,231, and.will pay
of
:c.
is
its
as-i^ned
of
stock
•
! 7,819,000
-
1
p.
depreciation,
Post-war refund
V. 163, p. 945.
involved.
District
'
48,268,896
ment
the. sleeping cars.
approximately $75,000,000.
In¬
lightweight
-
•
174,767
J
3,578',000.
90,239,000
presentation and surrender of said
-
Georgia
report
S.
business
of
and
Pennsylvania
cars
that percentage
stock
owns
railroads
plan,
Group,
sleeping
of
outstanding
CoM
all
this
Buying
on
the
lines.'
their
depreciated
the
based
*
to
railroads
on"
lightweight
book
all
Pullman
cost
Pursuant
in
of
7,819,000
6,260,000
.
proj.
unadjusted credits^--/ /
1946,
sleeping cars under contracts with, the railroads violated
anti-trust laws, approved the sale by Pullman Inc. to a
buying group
railroads
ctfs,__
10,148,229
551,936,400
632.243,556
of
amcrt.
previously
at 101
as
wuest,
••
$5,362,738
Peoples Water & Gas Co.—Redemption of Bonds—
servicing
of
trust
*
.
•/.;//■}:/■;///•//./"
All
southern
Court
cents
50,829,250
mortgage 5% gold bonds,
y.-;
the U.
•
.
of
railroad ''
per
$56,596,150 $56.130057' $53,631,634
including
Net, income before; Federal- taxeS4;.
Excess profits tax__„
658,387,700
'
§43,276,230
3,578,000
-.
liabilities
—V, 163,
of
cars
stock
Total
fixed
-
cents
Net. opeVftting;iirofit__^_^__T___;^ / $5,309,646 / $5j;300,807
Miscellaneous charges (net)_,__
38,254n:._
4.2,387
Normal
Profit and loss
••
for
Pennsylvania, after having/found pre¬
viously that ownership and control by Pullman l"c. of the business of
manufacturing
10,148,229
assumed—
reserves
The
;
State- of
against
defendant in this suit, is indirectly
a
658,387,700
to prop. & funded
retired /through inc.
surplus
255,962,529.
Sinking and miscell. funds
required
/,
of; 10
.
1
RR/
Fennsyl.
debt
and
duties
now
,
1.
sales
Expenses,
d«K
questions-
although hot named as
Net
16,994,102
Additions
fbie comnlafn* asserts
discriminatory against Georgia.
rates
be
to
142,002,573
19,043,083*
PennsyL ,RB.
530,945,250/
of ac4uired? cos.? / '
!
^l ,iw'
Surplus:
adequate
interest.
dividend
••Jr
frOni
stk.
cap.
by
Accrued
comprint; also attacks the joint considerationr by railroads of Z
^.ffjCCting: rates, ■;The. Association of American Railroads,,
.the
!
defendants
March
';
equip.
and northern railroads, including your companv.
that
56,361,712
357,241,050
10,148,229
funded
Other
services. //
carrier
public
extra
an.
Purity Bakeries Corp. (& Subs.) —Annual Reporti- '
CONSOLIDATED INCOME 'STATEMENT". ; /'' /!
/.^
Year Ended—
/
/ Dec. 29, '45 Dec. 30, .144 Jan.-L '44
$50
Unadjusted; credits:
Accrued
deprec.—road
prevention
and
provision
the
dismiss
Court
the
and
of
declared
16
quarterly dividend of 25 cents.per .share on the. <
stock, both payable March 15 to holders of -/
Payments ..in' 1945 were as follows: March-15, 20 '
common
.
value
Deferred liabilities
Rail¬
has
Feb.
on
the regular
par value
651,630,179
58,994,057
341,948,420
149,238,355
10,327,074
Leased & affiL cos.—construe.
against
"suit
v'//'///;//. //
cents/June/15 ;and -Septi 15, 25 cents each/ and Dec.-;45,125
quarterly and § cents extra.—'162,; p. 2689.
•
••
.
.
54,364,520
>
Equipment trust obligations Z_
Mtges. & ground rents payable
refer¬
Amo-'cnn
This
discharge
to
in
complaint.
underthe
The directors
1943
■$ "
303,907,345
156,038,719
debt -of
Current
in .every.
made
Government
of defendants' answers.:;
suit
a
Federal
1944
President.
Association
of
service
its
confirming,
for
Association
to
motion
clarify
the filing
1945,
file
to
the
Commerce
defendants'
Government
date
of
the
the
your
railroads
essential
transportation
refused
Court
by
is
and
report
war.
-
/tfS
directors.
by
against
including
dissolution
consideration
the
SUITS—The
brought
and
directors,
consideration
under
the
suit
raProads
its
objective
of
a •
anti-trust
western
roads
,
th
to
ence
taken by
■.
658,387,700
on
Guaranteed
/
these very large savings, secured through the judgment
by the directors, Otis and Co. 14 still endeavoring to Subject
them to ? personal: damages and has: taken an*
appeal to the U. S.
Circuit Court of?* Appeals for the Third Circuit from the decision
action
' -
■
t/L)-/—:
1, 1909
assumed
Despite
ANTI-TRUST
the
PowdrettAlexander, Inc;-^-Extra Distribution—
$5
,
Fbnded-debt
exercised
District Court ; dismissing its auifc
real,
Funded
1945,; when economic conditions then prevailing
"brought about a still further decline in Interest rates, the-,; series
D bonds were redeemed and paid off and replaced
by a new issue
of series E first and refunding mortgage 2 7/b% bonds of
Pennsylvania,
Ohio & Detroit RR. securing additional
savings of/approximately/
$4,000,000.
c
*
RAILROAD
to
'
2,826,021,503 2,829,013,950 2,811,214,542
Jan.
bidding.
the
particular/ the
pr'or
J. Haughton, previously with Jones: &• Laughlin Steel Corp'.,-?" •
elected Treasurer/ succeeding F. A. Rehorst who will, continue
Secretary.—V, 162, p. 3198.
* r
>
- '♦
"
•;
as
3,936,408
share)
per
prem.
.Subsequently,, in
of ."the '
than
existing mortgage of $63,000
has been
31
property^cuj. Zu .3,128,397 > v - 3,485,524
in /affiliatea cos.
655^45,782/ 654,171,001
investments
Other
were sold pursuant to the terms of a negotiated
judgment of the directors, reached after a study
/of the facts and circumstances, was in the best interest of the railroad
:companies, and the sale was, approved by • the Interstate Commerce
Commission
after
a
full hearing.
The transaction secured savings
'of-approximately $9,000,000.
which,
scale
its
163,-/pf
Harvey
/
$6.49
physical
,
LIABILITIES
Capital stock (par
The series D bonds
sale
retire
11,618
Total
.
by
larger
to
,
Unadjusted debits
-
desired
13T67.754
1944
,
,
'-
Deferred assets
Otis.: and Co., an/
investment banking
house 'of Cleveland, against Pennsylvania RR.,
The Pennsylvania,. Ohio & Detroit
RR.. and certain i,difector'x; of those
companies. This litigation grew out of a contention,by Otis and Co.
representing itself as owning 60 shares of stock of Pennsylvania RR.
at the time of the transaction, that a
slightly, higher price might ;
Khave feen_ obtained if the characteristics of the series D first and
frefunding "mor tgage 3%% bonds of Pennsylvania, Ohio, and Detroit.
RR., issued in -1943 for the purpose of refunding * £ri outstanding \tssue of 4 % %
bonds, had becn changed in cerfcaih^ particulars; as •;
q
expects
(H. K.) Porter Co., Inc., Pittsburgh—New Treasurer-
33,263,980 :
71,533
Current' assets
District
rendered
Pennsylvania
32,919,385 /,
road &
Investments
'
U.
the
DEC.
.
MiscelL
July.
1945.
in
considerably
(
handed:
*
SHEET,
'
?
:
-sold
making the settle¬
Company
a
also
.
certain
from
on
equip/ prop. 1,479,"559,481 1,450^81,030 1,438,793,089
■>I//-f
ImproVvOnleased'propertyI_/ l-48,987,51^/144,884,930: 139,065,392 /
Donations Emi grants J,—Lai*. * 0896,246 '/"
Cr874,087
Cr480,236
Public Utility.Engineering/&/Service Corp.t~-Electric
Sinking funds
1,352,463 /
978,183
405,771
Output^ * :-//'";Z:
/'/ // ^
Pittsburgh, Cincinnati, Chicago
& SU Louis RR.- cons, mtge;-' ' •• 1
/ .Electric output of the operating companies .serve.d by/this' corpora.
tion for the week ended Feb.
-sink/fund res.
3,927,756 •
4,189,992
16, 1946, totaled 170.481,006 kwh., as
3,182,520
Capital reserve^ funds—9,978,697 -'
compared with 202,504.000 kwh. for the corresponding week last year,
2,201,930
2,070,364 a decrease of 15,8%.—V;
Deposits in lieu of mtge. prop.
163, pi. 945,
'
/
pending
now
32,919,385
'
record
decision ';
for
of
is
S.
corporation
not»include $28,425,431- of-%matured-<debt-' of;: leased-lineai rey
•
{ASSETS—
;
appeal from this latter
the "Tliiid Circuit.
of
Appears
by
company
COMPANY/SUIT—In
the
and
brought in the U.
Pennsylvania,
purposes
and; notes payable of $18,179.—V.
18,767,970 *17,311,000
32,919,385
;
prof/ & loss/
1945
;/
the
to
of
1,924,119
by /*;
settlement :
taken
been
the "Third Circuit
of
Pennsylvania RR. to enjoin that
down.
has
3,244,558
share and
prevent Pennroad Corp. from making such
by the U; S. District* Court for Dela¬
further suit
a
Eastern
the
to
from
3,680,996
—
.
dismissed
appeal
an
ian
The
■
GENERAL BALANCE
the Chancery Court of the State of Delaware,
the Supreme Court of Delaware has been taken by
stockholders;
Another suit, brought by a Pennroad
to
has
and
ware;
This
l
'
approved by
settlement,
to
the/Delaware
the
.
delivered "to The Pennsylvania RR.
Pennroad
stockholder
of
If
.
r
}>-.•>:ik-"?* r!-w'v;*MCy/.'••;»r.
r
'*Does
RR. of $15,000,000 after all suits have been terminated
of all claims on /behalf of the Pennroad Corp. has
appeal
Plaintiff
for
available,.
credit
.
85,418,484
tired-. ^..-tlncludes-/dividend ;of $5,000,000 in
securities -received
from./;
Pennsylvania Co-. -;t$21,189,880 of debt was-retired from current cash
and other, assets -in- 1945; •?
; '
->/
the' defense
Pennsylvania,
64,720,431
;
4
12,407,857 //.' 9,788,518
capital stock (par;$50)*
13,167,754 '"13,16T,754:
Earn-per shr. on net inc. above
/
$3.72"
$4.91
.release
a
bfeen executed and
in
be
not
may
of
r
"*
of
fhe effect t Would be; to-> reopen-'the^entire;^
Accordingly, a compromise? settlement has - :
with ; Pennroad
Pennsylvania
and
District
to
Shares
based upon substantially similar allegations and claims, and. instituted
a
number of years prior to
the suit in the District Court of the
States
bther
Dividend pf -5% /($2:50 per; share)
the
,
United
is
fund
Retire, of mat. debt—Penna. RR._
Pennsylvania
claimed damages amounting
judgment, reversed by the United
States-Circuit Court of Appeals) for the Third Circuit: on the ground
of
the
statute
of
limitations,
was
fpr
approximately
$22,100,000.;
In the separate suit in the Chancery Court of the State of
Delaware,
to
:
to sink,
etc;
•
PENNROAD
•1
income'___-.--/--49,008,238
Approps,
funds>
'*
-
.
?;■■■ Net
,
195,415
////•
.-
'
;
"
the 'annual -dividend requirement
-on
the preferred stock 1.98 times./vlV /
v
/ Consolidated ?iletll income-for
1945- applicable to the common stocks
of. the. corporation,
after providing for dividends on the preferred
•
;
>■.»
■
/
V;
'"
:
•*''/-/
V:'
.\,%v,
■...
::■./
equivalent to approximately 37c per share. This compares
share for 1944.
.
On Jan. 9, 1946 the corporation negotiated A seven-year term loan
^
in the amount of $600,000 from The Marine Midland Trust COv
of^|
New
York,
The
loan is
repayable in semi-annual installments^ of
$25,000 each on June 30 and Dec. 31 to and including June 30, <1952,
and a final installment of $275,000' onrDec. -31», 1952.
'The proceeds of this loan together with other funds of the corpo- • •
ration were used to redeem and retire on Feb.
11, 1946 'all of the r
:
Manufacturing
was
wi^h
19c
The
result
in
a
'
BALANCE SHEET
CONSOLIDATED
DEC,
1945
911;
furniture and fixtures,
(at cost less depreciation), $41,507; total,/.
fLIABILITIES—Notes
payable, $1,575,000;
employees' savings bond funds
bank account),
due
merits
interest
$379;
within
accrued
dividends payable
one
year
employees' taxes withheld,
Jan. 19,
and
come
5% convertible sinking fund
debentures due Dec. 1, 1956, $583,000; preferred stock (par $12.50, 80
cent cumulative dividends), $797,138; common stock class A
(par $1),
$133,502;
common
stock
class B
(par
$1); $5,000;
capital surplus
(paid-in), $281,033;
earned surplus, $187,160; ' total, $3,728,001.—V.
profits
$76,217;
taxes,
1945—Month—1944
revenues..*..
$1,474,558
oper.
expenses™
914,332
638,359
7,475,335
$560,226
$465,172
$6,553,258
$3,991,380
38,798
Ord.
253,766
251,915
$6,807,024
$4,243,295
I)r21,789
Br1,934
Dr33,326
Dr69,019
$577,235
$469,244
$6,773,698
recognition
to
sheet
Because
7,626
135,005
$559,284
$461,618
$6,638,693
$4,045,539
Cr3,072
Crl8,149
CrI57,139
Cr21,094
Br9,809
Brl44,079
Brl20,481
Brl58,767
.
-Gross
ord.
Deductions
income
from
Net
ord.
income
Extraordinary income-*Extraordinary income—
a
the
or
volume
Deductions fr.
/Net
consisted
had
1941.
—V.
$335,688
$6,675,351
394,293
242,699
4,853,333
$158,254
$92,989
$1,822,018
inc.-
surplus—
820.
163, p.
1945—Month—1944
Month
of
January—
in
The directors
share.
per
A
stock
be
„
—tV.
regular
paid
dividend
the
on
called
The
will
4»nare
have
*!
for
25
all of
of
as
preferred
to
dividend
holders
of
of
record
10
ends
which
"pjetiott^etc:/$6,710,817), $6^30,447i(defewed;ch^rge^ $167,950; organt-^
zation expense, $38,225; total, $9,061,004,
LIABILITIES—Notes payable (due
within one year>( $80,000: accounts;,
payrolls accrued, $21,641; Interest accrued^ $3,925;;
(contra), $686,341; long-term debt, $320,000;
common
stoek (par $1), $1,345,570; capital surplus, $796,512; earned
surplus, $5,443,642; total, $9,061,004.—V. 163, p. 232.
payable, $363,372;
stock,
payable
made
was
in
each
quarter
year
salaries.
the
.This-means That If
that
financial
and
the
needed
to
condition
funded
no
NOTE—For
order.
.
rtiechanical
reasons
is hot
it
steadily
meet
possible.
as
Shawinigan Water & Power Co<—Proposed Refunding
was
company
COMPARATIVE STATEMENT OP PROFIT
?Ye$rsErided^Dec.31—
strong.
There are no
Nevertheless, it must be
amount of
amounts will
rearrangement
schedules
substantial
is continuing
make
Net
in"il946
because
further
necessary
$4,873,548
$5,008,336
191,861
181,107
i
■
177,995
$4,692,441
43,671
17,502
*$1,099,508
1,804
,753,614
<
1,250
Total;
_
297,542
42,440
309,763
314,209
21,400
•.
3,163,562 L
2,592.000
3,723,805 v
3,000,000
1,725,796.
$2,324^87;
$3,875,811
$3,479,814
$6,131,785
$5,804,101
——
3,000,000
of
31,925
bond
for
Earned
from
previous
premium, disct. and
the
211,144
exp—
2,003,990
surplus as per balance sheet
1,421
1,960,425
$3,966,651
$3,843,676
year——.———
•Of which amount $296,377 is refundable under
Years End,
Sept. 30—
1945
.
Net
sales
Net
1944
1943
profit before income
Prov.
$6,795,696
$6,758,446
$6,036,333
1,675,932
1,496,377
881,768
1/1,037,220
1,662,670
1,007,005
&•.
for possible future
invent,
losses
&
stock,
social
State taxes
security
-
retirement pension plan
Payment patent litigation
1—
Miscellaneous Income charges
60,000
5,869
4,542
*$1,310,162
$4,180,799
$4,229,928
f8,000
3,350,000
3,525,000
Net profit
Dividends paid per shr.
Earned par shr. of out*-
$518,203
$830,799
$704,928
Federal income taxes—
$1.00
$638,712
$1.00
$3,45
.$4.26
.
$655,666
$1.00
$633,257
$0.80
standing stock
During the
...
.return,
—,
.
'Net
Income
*$1,318,162
—_
Dividends paid:
Convertible
!ie
the
ni
ecapture,
past
v
will
have
no
appreciable
'
<
'
i>
ir
-
the
on
Government.
subject
the
to
net
*
j
JSHEET
f
income
excess
taxes
30
1945
land,
i.nvenftories' $1,453,691;
and
Dominion
$668,732;
refundable
applicable
timber
(net),
not
incomp
taxes,
$75,413;
current
on
?q4fi?e«vin^0nn.S
surplus,
finVnnn°r pos.8i^® future loses
$60,000;
tain
special
tax
reserve
which
on inventories and other contingencies,
(representing estimate for Federal income
may arise from nondeductibility
facilities fully amortized for tax
plant
of
depreciation
purposes
future
but
on
.
of
$1,318,162 for the year 1945
contingencies of $1,318,162.
par
offset by
tOf subsidiary
was
for
fund: bonds,
either
represent
cost
or
realizable
presently
$3,780,145;/deferred charges, $44,773;
re¬
or
'The Manufacturers Trust Co.,
total, $11,-.
successor transfer agent
on
$295,127;
payable
(trade),
ad¬
customers'
$744,786;
An
$5,736,638;
i
earned
surplus,
'C&
;
$1,412,545;
If't
r'u
*f
"
'A «
,
The
of
directbrs
$1.75
each
on
Feb.
the
on
declared
13
first
and
three
second
A
,>
dated April
1,
1936,
at
bonds will be made at the
104
and
Union
Pavment
interest.
Trust
Co.
of
of
New
directors
have
declared
a
dividend
of
A.
J.
Manufacturing Co.—New Vice-President
Kerr,-formerly General Sales Manager', has been elected Vice-
called for redemption on April 1, next, $800,000 of
15-year income bonds due Oct. 1, 1951, at par and accrued fixed
|
President of Sales.
■than
Mr.
20
years.
Kerr
subsidiaries
Division,
He has been associated with the
company
Broadway, St. Louis, Mo.—V. 161,
p.
1359.
Net
—V.
will
and
-•
coordinate
divisions.
Nordstrum
Valve
the
marketing
include
more
_
These
Co.,
for
activities
of
the
various
Pittsburgh Equitable Meter
Rockwell
Machine
'/ '* c.
Earnings—
y
1945—12Xios,-L-1944
.
'
• V
••■"■-V
.'
• v,
^
-
11,623,969 142,940,307
15,il6 /
249,048
11,608,853
/
"
,1
has called for redemption on April 1, 1946, at 102V2
all of its outstanding first and refunding mortgage 5%. '
A, due 1954.
Immediate payment will be made of the
bonds, series
full redemption
price,
plus
accrued
interest
to
April
9,046,720
'*1
'i3f,528,960
,.264,819
p.
319.
(
2,413,651
2,647,493
862,320
™___—_
163,
142,691,259 131,264,141
88,366,157
27,027,157
7,710,102 100,868,407
22,262,238
'900,665
1,485,100
19,560,614
15,870,827
1,164,175
11,524,617
12,028,517
v
Period Ended Jan. 31—
Gross
1,
upon
■
1946—Month—1945
1946—4 MOS.—1944
$295,132
$1,238,315
109,275
——
92,125
436,036
383,771
70,533
122,051
80,338
285,439
320,484
119,864
489,065
481,085
$2,805
$27,775
$10,869
maintenance—
y'vy
.
$307,260
$5,401
earnings
&
Oper.
company
interest,
..
Southern Canada Power Co., Ltd.—Earnings
•
Seattle Gas Co.—To Redeem 5% Bonds—
and
N, Y., has been appointed
preferred stock.—V. 102, p. 1679.
New York,
12,594,878
Net operating income
income
at
3%
to
that
date, together with payment of income /
No. 9 due April 1, 1946, in full at 3%.
Payment will be made /
the Mississippi Valley Trust. Co.,
trustee and-paying agent, 225
coupon
The
1520.
p.
12,617,708
22,830
oper.. rev,
taxes
Operating
The company has
P:
162,
1945—Month—1944
Operating revenues.*
Operating expenses
Steel Co.-*.Calls $800,000 of Bonds
.
Rockwell
Dividend—
regular quarterly divi¬
capital stock, both pay¬
Like amounts were dis¬
Co., Ltd., co-trustee, Montreal, Canada.—V. 162, p. 3118.
-
North
stock.—V. 162, p. 3119.
a
21.
Feb.
1945.—V,
common and
revenues—.*
t/ncoueotible
/
'
at
record
Trust* Co.,
/
Scullin
•
of
during
<J« .■*;'> /
Operating
z
.
per share on the
issued and outstanding shares of
preferred stock for the quarter end¬
ing Feb. 28, payable on that date to holders of record Feb. 18.
;
holders
quarter
Period End. Dec. 31—
&
interest
$1.75
to
share and
paid on the
per
been
CO-:?
Pittsburgh, Pa., or at the Central Hanover Bank & Trust Co.,
York, N. Y., and the series B bonds will be redeemed at the Na-
tional Trust
regular quarterly dividends
stocks, payable April
its
The
14
each
$1.50
have
Southern Bell Tel. & Tel. Co,
the
preferred
Robertshaw Thermostat Co.—Preferred Dividend—
March
of
amount
transfer agent for the
Pittsburgh,
par common
Skenandoa Rayon Corp.-—Transfer Agent—
,
redemption on April 1, 1946, $401,000 of
sinking fund bonds ($334,000 series A and $67,000
series
Dividends—
1, July l and Oct. 1, 1946, to holders of record March
15, June 15 and
<Sept. 15, respectively.—V. 163, p. 946.
;
;
like
The Manufacturers
,
Rice-Stix Dry Goods Co.—Declares Three
of
bursed, in
$11,403,076.-*-
total,
\
»f(
able
dividend
extra
dend
The company has called, for
first mortgage 4'/4-%-
B)
New York; "N/Y„ has been appointed
no
Singer Manufacturing Co.—$1.50 Extra
sales
social
.
series
for the
.
trustee,
;
$250,000;
tax,
$192,114,775.
,
Saguenay Power'Co., Utd^Partial Redemption—
to
depreciation on the books of account), $560,000; common stock
<par $10)
$1,500,000; paid- in surplus resulting from reduction of
par
value
of capital stock,
$1,500,000; earned surplus, $2423 157*
total, $8,451,505.—V. 156, p. 1244,. /.
'
.
'
16Xf p,- 1248.
cer¬
subject
profits
the
Lease),
$2.96
$3.26
contracts, $858,872; Federal income -taxes ,
security and State taxes accrued, $76,469; •
accrued
payrolls,
commissions, royalties,
etc.,
$575,015;
employees' ■
deposits for purchase of war bonds
(contra), $21,785; reserve for
contingencies; $431,838; common stock (par $5), $1,250,000; .paid-in /
t0 ?a"k (due Nov* 15, 1945 and May 15>
1946), $130,000, iPay3f
long-term notes payable to bank (exclusive of
current"
/■maturities, $845,000; reserve for deferred
compensation, $34 167* retaxes
to
valued)*
payments
accrued,
$237,-
installments
loss
reserve
'LIABILITIES—Accounts
$5,106;
accrued liabilities,
The
;
purport
vance
,
35,060*
497,510
541,534
share
common
from
placement
403,076/:
timber-
$3,901,519;
trade-marks—at cost, less amortization',
S$8P4515S05S &
o_-LIABILITps—Accounts payable, $86,477;
provision for
374;355
$3,320,401;
.
unexpired insurance
$83,797; investments, etc., $96,279;
etc., $99,015; plant and equipment
rights,
total
($18,537)
arising from accelerated amortization
ore!mumsyeetr
premiums,
etc.,
.
...
SEPT.
'
—_
16,693
-
RiveV and other
$742,507),
of
date
to
■LIABILITIES—Capital stock (represented by 2,178,250 Abates of «<►
value), $67,562,997; first mortgage and collateral trust sinking
$79,559,500; accounts payable (including provision for '
income and excess profits taxes), $3,126,634; accrued bond interest and
companies.
dividends
payable,
$1,545,407;
contingent
and insurance
reserves,
CONSOLIDATED BALANCE SHEET, NOV. 30, 1945
$1,163,867; depreciation and renewal reserve, $33,654,603; earned sur¬
(ASSETS—Cash, on demand, $874,741; TL S. Government obligations,
plus, $3,966,651;-deferred surplus (refundable portion of Dominion of
C&nada excess profits tax), $1,£>35416; total, $192,114,775.
$1,560,894; notes and accounts receivable (after reserves for doubtful
notes and accounts,
,The company jointly with Montreal Light, Heat & Power Consoli¬
allowances, adjustment, etc., of $256,502), $1,650,dated has guaranteed, as to one-half each, the principal and interest
566;
inventories, $3,344,076; employees' funds held for purchase of
war
bonds (contra),*$21,785; deposits with
/of $3,351,500 of the 3%
collateral trust 10-year bonds of United
factory mutual fire insur/ance, companies,'$71,723; real estate mortgage, notes receivable,'^^l,871;/;/ Securities Limited maturing May 1, 1952.—V. 163, p. 232.
miscellaneous
securities
(at
nominal
value),
$12,501;
real
estate,
machinery, equipment, etc.
(at depreciated
Shuron Optical Co., Inc.—New Transfer Agent—
ledger values which do ;;
transfer
for
still
are
dividends
9,
amortization
Quebec Government as provided in the Water
refundable portion of Dominion of Canada *
$1,535,115; stores and movable plant, $1,576,986;'
cash in banks and on hand/'$2,606,965; Government bonds and tem- '
porary
investments, $1,964,615; accounts receivable, $2,778,328; pre¬
paid charges (insurance, taxes, rentals, etc., paid in advance), $528,687;
unamortized bond premium,
discount and expense, $5,067,463; total,
with
Power
excess
:
■
preferred dividends...
Earnings per
♦Loss.
possible
year ended SePfc« 30, 1944
rA?S?T?r?aslij $80?."6; U. s. -Treasury obligations and
nL( w!? wh01!?3' of
C0St' $1'043.5'78; receivables (net),
refund
profits
tax
post-war
Federal
Common
■'
It
profit
*
;
CONSOLIDATED BALANCE
I
effect
v
..
'
by
amount of profit thereon
year^
inRnrft^iiati0n pr0CeedingS for the
process^
:
H.22
-'
profit
1*1'.
-
$4.37
provision has been made in the 'accounts for the
Renegotiation Act, of any portion of thd
year no
under
indirectly purchased
xne
\
(after
dams
-
and other companies (book value), $16,716,747;
deposit with Quebec Government ($250,000 Province of Quebec Bonds,
.
•
'
ASSETS—Total:fixed assets, $155,769,468; Mattawin
storage
deposited
£
Dominion of Canada
*
securities of subsidiary
227,041
other
—
.'
'BALANCE SHEET, DEC, 31, 1945
i,
~~4~217
Net income before Federal taxes—
863,119
Excess Profits Tax Act.
and
Employees'
'
contingencies
_
paid
Capital
1942
1,459,972
i—
taxes
income
Interest
$6,827,543
taxes
Income
Gross
Paper Co.—Earnings-
,
year,
„
5,568
Miscellaneous income credits—
(Including
$2,305,974
carried forward
after adjustments—
Amort,
$4,863,686
.
42,189
$11,061,536 $10,773,883
—
$4,830,340
*$1^163,097
—
12,499,502
' 10,924,662
Net income
>
-
$21,986,198 23,273,390
—
Surplus
*$971,235
—
—
•Income and excess profits taxes/*-*4—-
1943
202,980
1_
_J
income
revenue
Interest paid and accrued on bonds
.;1U. S. Exchange, $126,928)
Provision for depreciation
.
changes
1944
.
_/
1,191,425
.1,180,244
Operating profit
YEARS ENDED NOV. 30
1945
1944
be
also
expanding
the
numerous
ACCOUNT
1945
Operating expenses
Dividends
operating profit—
Interest
1945.
Gross
■
-
•?
i
$20,805,964 $22,081,965
rentals
and
working
increasing
AND LOSS
*
*
'.
,
sales
(—.-*«
Other revenue, including income from invest¬
ments
in
subsidiary and other companies
current
an
v
..
Revenue from power
expanding volume of 'production,
so
unprecedented demand for the
the
(Net ^operating profit before deprec,*
Provision for depreciation—
per
■
Rhinelander (Wis.)
oltvayw
to arrange companies in exact alphabetical
However, they are always as near alphabetical
position
remains
debt.
;
1.
during
liabilities
current
other
date
INCOME STATEMENT,
cents per share was also declared
March 15 to holders of record March
2527.
p.
that
at "$6
cents
and
served
in
our operating plant
layout.
In particular, the developing subcontract*
ing program makes ^necessary corresponding changes in the arrange¬
ment of manufacturing- facilities in our awn plants.
'
$20,421
March
and
borrowings
•Plant
Increase
15,. next,
notes
$218,315;
had' risen
Costs
company's
the outstanding ac¬
March
NOV. 30, 1945
accounts receivable, $413,058;
interest,
$7,840;
inventories,
$882,545;
current
assets re-(contra),' $686,341;
investments and other assets, $316,285;
properties, plant and equipment (less reserves for depreciation, deASSETS—Cash,
quarter of 2%
A similar distribution
159,
$5)
quarterly
March
on
the
common
(par
retirefment of $60,955 in 1944 and $19,568
■"
■
*
accrued
wages
production
1945
fiscal
134,557,
$2.00/
:
BALANCE SHEET,
years.
1945 the company was
machinery Vproducts ^t heUing; prices; fixed (is - h'
the
50,233
403,671
$0.87.
«After 10 % credit tor debt
required to meet the needs of the expanding production program.
$805,026
$215,181
for redemption
several
$2,748,195.
———
——
in 1945.
possible
months' of
company's products, is absorbing
capital. ' Capital expenditures in
1945—3 Mos.—-1944
1946
preferred
products, mostly odds and
war
for
dividends-
Preferred
This being the case,
recognized
Calls Preferred Stock for
Redemption—Declares Divs.
cumulative
special
making
$1,173,929
;Coihmon! dividends
Earnings per common share
a 15% margin of profit before Federal taxes, ahc advance
and salaries would just about/wipe out the margin^
it is painfully clear why the advance
of over 50%
in our 'wages; -which (has occurred since-1940, has had
such a disastrous effect on our earnings.
30%
profit.
current
$235,602
„
lr750,422
(net)-—
bonds to mature the same date.
of
$1,024,417
*$410,965 '
$338,953
$905,148
;*Largest for any month in the company's history.
Sales
of
and/repair parts for speoial war products
been
Between
pay r wages
urgently
Period End. Dec. 31—
Sales
:—
profit
| operating on
2,883,449
Rand's, Pittsburgh—December Sales Up 21.2%—»
■
in
-yrhe company has applied to the Quebec Public Service •Board for
permission to retire $13,302,000 -of its first mortgage 4%
bonds,
series F, due April 1, 1961.
It is planned to issue a like amount of V/o
The
earned
548,598
$997,773:
.
to
$3,907,866
.
176,113 .:
■■
and
the
first half of
1945 our
tremehdously.
Wage costs at the
close of 1945 were more 'than. 50%/Above those of 1941.
To make
clear the effect on earnings of this great advance in wages, it is only
necessary to state that for many years prior to 1941 (before the war
distorted
normal
operating conditions)
our: records
show that it
required between 40 cents and 50 cents of each sales dollar taken in
1,
manufacturing
transferred
inc.
to
net
of
summaries
accompanying
contracts
company
Oct.
.
$552,547
'
profit
Net
the above
consolidated loss
is given
recoverable
so
like the one. Just plosed was
year
cancelled
of
Net income
■
amount
any
nearly five
(billing its textile
ordi¬
nary income
673,238
$1,173,929
from operations
Pi'ofit irom sale of capital assets
Net
less
128,737
,
^55,481 ^
$8,044,323, '
*ft"n44
5,809,360
•411,678.
1,557,822 fo 1,823,285
207,779 / W. 276,914
■'
.
424,599/
'
was
$4,174,276
17,951
income—non-com-
munication
*'
the company's earnings.
6,006
$471,178
.
$599,024
j
profit
Federal normal income tax and surtax
'Federal excess profits tax
profits
5For
(Operating income—.,
r
'
$7,212,277
*7 512 277
income
Net
interesting to note "that the-dollar. volume of textile machinery ;
products turned out in 1945 was in excess of that for the year 1940, hi
which year the company showed a profit, before Federal income taxes,.
of over $1,100,000, as compared with an operating loss for the • year "
just ended of $1,318,162.
This comparison emphasizes the extent to
which the abnormal operating conditions of the past year, particularly
the greatly increased costs and the fixed ceiling prices, have affected
$9,851,757
306,208
64 700,.'
royalties
—
income—
,
4,981,218
Textile machinery
products made, up over 87 % of the tptal dollar sales for the year.
5,800,377
'Net oper. revenues
Other communicat'n inc.
$1,103,531 $14,028,593
gas
.
No
the
1945—12 Mos.—-1944
oper.
Tptal
1944
$7,564,242
v'
i'Jfc is
Total
1945
$6,841, ,363
—
$1,318,162.^
of
loss
a
was
will file a cTaim for refund of Federal income and ;
taxes, based upon the carry-back prdvisiOns of the ■
Internal Revenue Code, in ran amount approximating $1,400,000, < which ;
amount is subject to final determination after the Treasury Depart¬
ment has completed its examination of the return for the year 1945.■:•
sales
R.C»A, Communications, Inc.—Earnings—
'Period End. Dec. 31—
year
"The' company
■
of
163, p. 318.
:
the
for
loss » and the claim we are "entitled to make for'.its
thfe carryback provisions of ■ the Federal income tax *
.believed to be more or
inevitable-as an aftermath of the war, a reserve of $1,750,000
accumulated; during the years following the outbreak of the .War riand has "been carried in /'reserve for contingencies.".
The operating ■
V loss of $1,318,162 has been offset by a transfer of an equal amount
i;;:
;.i
During the fiscal year-1945 less than 13 %: of the company's dollar, ,
debentures,
on
excess
operations
'
.
Miscellaneous other
Total
laws, our public accountants, Haskins ■& "Sells, ' State:
excess
and
Oil
and earned surplus."
.
$26,204; Install-/
$42,000; -/
1946,
fund
sinking
on
Of
this
under
recovery
deposited in special V
(after $311
sinking fund debentures, $2,604; expenses accrued,
miscellaneous taxes accrued, $12,238; reserves for Federal in-
$338;
result
balance
$3,728,001.
$6,188;
'.The
Regarding
.
Years Ended Nov. 30—
;
prices on our products,
;
cumulative preferred stock.—V. 163,
Operating .reyenue
castings—increased costs,
and inadequate ceiling
and materials, particularly grey iron
production, including one wage advance
power
ASSETS—Cash, $362,237; U. S. bonds and notes, at cost (quoted
(value $51,102), $50,100;
installment notes receivable (after reserves
for doubtful notes of $143,317), $3,157;147; (deposit on purchase of
small
loan
company,
$5,000;
other deposits and miscellaneous re*-p
cdivabl'es, $630; cash value, life insurance, $6,920; estimated refunds
of
Federal income and excess profits taxes due to carryback pro¬
visions of Revenue Act, $20,549;
cash deposited with sinking fund'
trustee for retirement of debentures, $19,000; deferred charges,
$164.-t;j
■■
Shamrock Oil & Gas Corp. -Annual Report
fiscal '(year ended "Nov.* 30, 1945, was a year of; painful; recon-■
version—dislocating and costly plant -rearrangement—heavy necessary ,/
expenditures ! for deferred maintenance—crippling shortages of man-/,
of
', v.; ?./
York, N. Y., has been appointed
Trust Co., New
The Manufacturers
registrar for a new issue of $2.50
W
AM
'
'
p. 232.
Ed¬
F.
Report—David
Shops—Annual
.7;,
Segal Lock>& Hardware Co., :lnc.—Registrar—
O Press Co.r Edward Valves, Inc., The
International Corp., Monessen Foundry
Manufacturing Division,—V. 163, p. 820.,
&
wards, President, states:
.
31,
V
SfMrhe'
fund debentures.
debentures will
sinking
5% / convertible
outstanding
of this loan and the redemption of the
considerable saving to 'the -corporation.
making
Saco-Lowell
;
,
corporation's
The
Co..
and Machine Co., and Arcade
,
'
Monday, February 25, 1946
Crescent Machine Co., Rockwell
per
■
■
CHRONICLE
THE COMMERCIAL & FINANCIAL
sto'-k,
K;
.
»,
■
.
,
Taxes
-
Int.,
depred.
1
'■
&
divs—.
/v
$1,196,209
presen¬
tation and surrender of .said bonds at the Harris Trust & Savings
Bank, trustee, lib west Monroe ot., Chicago, In.*-v. loj, p. ba6.
'
1
'f
.
Surplus
-V.
103.
p.
319.
*
■
'"•■4'
'
v
■
163
V ►
•»*.
Number
>•
4467
THE COMMERCIAL & FINANCIAL
CHRONICLE
Southern Colorado Power
<
Co.—Weekly Output—
company1" for the week' ended Feb. * 16,'
Southern
Electric output of this
1946,
2,131,000 kwh., as compared with 2,052,000 kwh, lor the cor¬
responding week .last year, art increase of 3.8%—V. 163, p., 947.
-
;
•totaled
Period—„
•
Gross .earnings
.
'.I'
\r{v
).:A
.>* t
(/'{• '• '.-.v
.
• -t-ts:
("•
•-
K-/
ci-nfV
■>.•
K*
.'
Southern New England Telephone
End/Dec.
Period
:
Operating
oper.
$2,998,579,
'.*%
—v.; 163,
v^'yipV^VF*'*
»•
p.. 947.
1945—12
12,000
'
Period
Net operating .income
Net income
48,169
.
,124,000
$2,639,401 $32,932,351 $30,435,963
1,746,221
22,993,449
21,387,236
553,865
' 4,589,091
5,319,214
—V.
'
$1,867,262
292,117
$339,315
$5,349,811
247,919
2,690,927
<
demption
$7,115,165 $32,966,344 $44,003,590
ferred
,
End. Dec. 31—
Operating
>'"
i
oper.
1945—12 Mos.—1944
$244,615
$219,070
$2,738,197
700
$2,514,119
700
8,400
8,400
j Operating
$243,915
$218,370
•,183,880
'/ '170,714
$2,729,797
1,849,294
—122,886
518,357
489,226
$362,146
$505,203
revenues—,
■
expenses.;..
taxes——.
36,657
Net
income
—V.
Southern Pacific RR. — Bonds Offered—Underwriters
headed by Halseyy Stuart. & Co., Inc., on Feb. *19 offered
163,
Common
;
:
♦
18
on
bid
a
—
694.
p.
$23,378'.
4,123
/
—r—
*•
$170,542
10,516
;
; k 1 Period End.
Dated
•
or
////'■.
-
Jan.
1,
19465
due Jan,
1996. Guaranteed 'unconditionally
endorsement by Southern
July 1) payable at office
1,
to payment of
principal and interest by
Pacific Co.
Principal and int. (Jan. 1 and
as
_
of
agency
the
company
in
York.
New
Definitive
bonds
will
Operating
160,736
In
kV
,
,
in
—V.
to
>
_
.
will
be
p,
'■
-t:"' -L'i
.1,375,777
1,139,233
;
Operating
Int.,
/
38,073,390
'
Taxes
,,,
Income
48,162
39,682
588,049
66,174
64,605
70,717
782,701
4,792
Net
reimbursement
income
income
Accrued
$320,286
—
deductions
$4,189,144
3,358
jDr3,195
$356,814
——._>•
/
dividends
$1,479,737
cumul.
preferred stock
v
.
approximately 999 miles
first
lien
tore issued and
of branch lines;
properties of the kinds enumerated in the first
rolling stock and equipment, appurtenant to the
/Operating, revenues——
Operating and general .expenses
and
a direct first
lien, by way of pledge,
upon certain securities owned by Southern
Pacific Co.
Through such
pledge of securities the first mortgage is a collateral
lien on approximately 1,175 miles of road (first main
track), consisting of approxi¬
mately 778 miles of main lines and
approximately 397 miles of branch
'
:
•
.
I
—
'Federal
sum
July
equal
to
*
ftames
of
the
purchasers and
amount of bonds
purchased by each, are as follows:
^Halsey,
Stuart
.Inc,
&
Co..
Marx & Co.
$12,275,000
-.Allison-Williams Co.
200,000
Ames, Emerich & Co,,
:
Inc.
——————250,000
Geo. G. Applegate
—100,000
.——.——.—~————
and
s.
ft
Bleich-
Auchincloss,
Parker
Bond
ft
500,000
Barret, Fitch
»
■v
H.
F.
Boynton
&
Eraun. Monroe and Co..
.
.ft,
ft
500,000
150,000
2,000,000
Co.
Pacific Co.
of
California
Park-Shaughnessv
150,000
100,000
& Co.
150,000
Co.
100,000
tensen,
750,000
—
'
Inc.
Rotan, Mosle
L. F. Rothschild ft
.100,000
Davis, Skaggs & Co.'—,,
/ Dempsey & Co.
::
:
,150,000
200,000
:
J—
150,000
duPont & Co.
250,000
JElkins, Morris; & Co,.~~
125,000
Francis I.
.
100.000
Inc.
150,000
150,000
509,000
Robert
First
California
The.
First
I.
100,000
——
f
-400,000
Co.
200,000
///Foster & Marshall —: -100,000
-
Graham.
PaTsons
•-
ft
Marache
Co.
&
500,000
i'
100,000
__
150,000
100,000
250,000
250,000
& Scribner
ft
Co
Waiter Stokes &
Co
Thomas ft Co.
&
n
150,000
"500,000
300,000
250,000
—
/ Townsend,
Dabney • '& •'
Green, Ellis & Anderson
750,000 ///
Tyson c--—-I/-,:'. 150,006
Green man" ft Cook, Inc..
100.000
H.: C. Wainwright ft • Co.; 300,006
// Greenway find Co. -100,000
Watkins, Morrow ft Co.
100,000
Weil ft Arnold
Gregory & Son/ Inc
500,000
250,000
••/•''jr.;B.' Hanaiier.& Co.-a100,000
Welsh, Davis and Co._c ~ 250.000
•
•
/' Harris/
Hall
ft
Co..
Inc.
Wertheim & Co.
1,000,000
1
"
Carter. H. Harrison ft Co.
.
/■ Robert-Hawkins & Co.,
«,<
me.k:
Wheelock
100,000
-
Inc.
•
——*
Hill
ci>.
&
Kenneth
V
B.
.
Hili
ft
Co.
IOO.OOO
200,000
100,000
:■
../
ft
'
F.
Woodard-Elwood
J.
Wright ft
Wurts, Dulles
Eoewi
200,COO
Yarnali ft Co.
Martin,
bett.
•
■
*~V.
Co..,—-
ft
Burns
Inc.::,
Cor-
——-^250,000
163, p. 947.
*
300,000
100,000
200.000
&
-
200,000;
ford
Kinsley ft Adams ui——
& Co.—-
Cummins,
...—;
Harold E. Wood & Co...
Hirsch ft-Co.' _—.•—-1—-.•'•' 500,000
Edward D. Jones & Co._
100,000
Kemp
2,000,000
::White; :Hattier
Thomas
v
■
;/■•'
F.
S.
ft
Yantis ft
&
150,000
150,000
Co..
Co..—^
Co.
Co., Inc.
100,000
.
150,000
500,000
250,000
of
construction,
total,
1945
offer
of
its
to
46,977
shares
such
of
.v
of $3.75
stock
lished
and
of
sale
the
which
had
of
of
internal
to
combustion
sea
been
same
prior
company
time
to
time
land.
on
between
Prior
Between
*?
to
the
pre¬
conducted
name.
1940
consisted
of
engines for govern¬
on land.
■
>*
and
.
marine
1930
1930
1943,
for
and
after
has
Board
and
.business
for
the
been
renegotiated by the
determined that the
fiscal year ended Dec.
concentrated
the
to
company
taxes for the
for
refund
fiscal
has been
company
1943.
-
•
'
1943,
the
had
in
on
ended
of
Dec.
Price
realized
the
sum
ended
year
year
Contracts
company
31,
required' the
deduction
fiscal
Navy
which
of
sum
$121,873
31,"
1943.
to
U. S. Government
Tax
Court seeking a
of
excecs
profits for
<
directed
by the Renegotiation Authorities to
become the basis for
renegotiation for
fiscal
share
one
of
stock
common
pro¬
of
■
the
company upon payment
company of $4.50 per share, upon presentation to
and surrender
of New York Trust
the
UNDERWRITERS—The
Are
as
Co., 100 Broadway,
o'clock p.m. on July 11/ 1947.
and
names
Hirsch
ft
?■
participation ' of
the
.
follows:
Co—35%'
Dempsey & Co—22%
Co
several
A/M. Kidder & Co.———..'
Freeman ft Co.
—,
12%
11%
20%
—
—V. 163, p. 695.
Sullivan
Machinery Co.—Smaller Dividend Declared—
A/dividend .of 25 cehta per share/has been
.declared
,
value
common
Distribution
for
.1945—V.
163,
on
the
no
par
stock, payable March 9 to holders of record Feb. 27.
37% cents per share were made in each
quarter during
of
233.
p.
/Sun/Life Assurance Co. of
Canada—Annual Report—
new
Of the $3,000,000,000 of life assurance
now in force with
"the Sun Life of Canada, well over 40%
is held by policy¬
holders in the United States.
This fact was revealed at
/the company's 75th annual meeting held at
Montreal,
Feb. 12, at which $100,000,000 increase in assets
(largest
.in any single year since the first
policy was written),
$241 million of new business with over $90 millions paid
•
being issued
pre¬
'.V!;'-
sale
cumulative
shares
share.
preference
the
incorporated In New York
was
business
Burr &
to
policyholders during 1945, and an increase in policy¬
holders' dividends/ were reported by Arthur B.
Wood*
President and Managing Director.
Any offerings or Sales of $3.75 preference stock
by the underwriters
prior to expiration of the exchange offer will be at
$107 per
shares
business
engines.
underwriters
in exchange, together :with
3,023 shares
being .issued but not. .offered in exchange, will be
purchased by Smith,
Barney & Co; and The First Boston Corp.
/'
Unexchanged $5 preferred will be called for
redemption March 29, at
$105 per share accrued from Dec.
20, 1945.
Beginning Feb. 26, re.demption. funds will be available for
prepayment at the Chase National
Bank.
The 50,000
the
on
of such warrants at the
office
New York City, .on or before 3
fqr /deposit ot the old shares "not later
than 3 p.m.,
the Chase National Bank, New York ■
City:
from
356,843
of
'/
unincorporated company of the
an
profits
•purchase
$158,308;
a
Preference/shares/hot taken'
•/
,
shares
WARRANTS—Each warrant gives to the holder thereof
the right to
;
The offer calls
•
carry
supply the statement which will
the
preference stock, $3.75 series, on a
share-foi*-share basis
cash payment by the company of $1.37J/2
per share exchanged.
registration statement covering the issuance of
50,000 shares of
^the new $3.75^ series became effective Feb. 12.
'
-
:
395,287
100,000
year ended Dec. 31,
1944, and therefore renegotiation
ceedings for that period may be deemed to have been
commenced.
A
;
BUSINESS—Company
to
use
31,
The
to
exchange
the
on
August, 1944, the company paid this sum
and has since filed
a
petition with the U. S.
redetermination of its liability, if
any, for return
the fiscal year ended Dec.
•v
franchises, $29,488; con¬
$180,034"; capital surplus, $5,528,989;
$44,585,587,—V. 163, p. 320.
holders
an
331,632
requirements
,/In
■
.
.
$2,522,935;
from
$635,469
net
382,272 %
■■';■'•■•
'
134,618
31,
SHEET'AUG. 31,
cumulative
•plus
•
";
estab¬
were
by the company's • directors as an initial
series
out
of
the
150,000 shares of new cumulative preference stock
authorized Feb. 6 at
to special meeting of stockholders in
Decatur; 111,—V. 163, p. 947, ■
:.:*//://}■
.
,
.
in his annual address to policyholders,
Mr. Wood reviewed the
company's three-quarters of a century in the field of life assurance.
He referred
to
the Sun Life's first policy form issued
inr1871 and
pointed out that less than ten years later the company introduced
All of the outstanding shares nf
$7 preferred stock have been called
redemption .on April 1, next, at $110
per
share and dividends
Amounting to $1.75. per share./' Payment will be
made at the Hibernia
National Bank in New .Orleans, Hibernia Bank
Building, New Orleans,
4A.T-Y. 162, p. 1400.
:
J
'•;
'
;■
•.for
,
.
.
.
The company's annual statement—•the most outstanding in lts his¬
tory—showed that total assurances in force now stand at the record
high figure of $3,390,372,000, total benefits paid since organization
arc now
$1,800,672,000, while assets now amount to over one and
one-quarter billion dollars.
The
Sun
Life
opened
its first
office
in < the United States over 5Q years ago and now has an extensive
organization from coast to coast.
•
■
r
•
/«;///!::'r-•'/'•";/r;-/
Standard Fruit ^ Steamship
Corp.—Calls Pfd. Stock—
150,000
150,000
400,000
-
aid
surplus,
Feb, 20, tot
2,000,000
400,000
Co., Inc.
Starkweather & Co.
Stifel, Nicolaus & Co
Stix ft Co.
^
,
"•
•••
?i
$1,852,708
$1,196,891/; $1,470,436
expense,
Company has mailed to
preferred stock, $5 series,
5o6]666
.
-
M. Simon ft Co.—--
Singer, Deane
Smith, Moore
250,000
Cleveland
Corp.
Granbery,
\ -Lord
Mayer
Showers
Sills, Minton
} Inc.
r
Field, Richards JSi Co.-—
250,000
—100,000
Seasongood &
»
Clement A. Evans & Co.
<
ft
Schwabacher & Co.
Scott, Horner ft Mason
——
Dittmar & Co.
John M, Douglas
stk.
■
(A. E.) Staley Manufacturing
Co.—Exchange Offer—
250,000
150,000
Co... 2,000,000
Schoellkopf, Hutton
Pomeroy,, Inc.
■
750,000
——
earned
and More-
tond
300,000
'S.K.Cunningham&Co,,
:
pfd.
$44,585,587.
tributions in
100,000
—
Co,
cumulative
$1,499,255
■
302,364
stock,
$50,621; premium on common stock, $658,630;
long-term debt, $19,585,667; accounts and contracts payable, $929,739;
outstanding ice coupons,
$1,764; accrued interest, $236,425; accrued
taxes, $913,873; other cur¬
rent
and
accrued
liabilities, $198,206;
long-term debt due within
one
year,
$237,417; preferred stock dividends accrued—not
declared,
$19,792;
consumers'
deposits,' /$498,972;
deferred
credits,
$467,512;
■reserves, for retirement and amortization of
property, plant and equipment, $6,880,852; reserve for amortization, of
Hano/-^S'150,000
——
Julien Collins
on
by
marine
excess
1,764,914
total,
/ Stockton Broome & Co—
150.000
Wm. E. Pollock ft Co/
V Buirr & Company, Inc,—. 1,000,000; /
Inc.
Caldwell Phillips Co,
100,000
Rauscher, Pierce & Co.
Central National Corp..
300,000 v// IncV
Central
Republic
Co.
Reinholdt ft Gardner.Inc.
2,000,000
Reynolds & Co.
'City Securities Corp...
Daniel F. Rice and Co..
200,000
Clayton Securities Corp.
Riter & Co.
250,000
-Courts &
accrued
L—
I-il
491,461
53,249
RENEGOTIATION—Company's
$3,617,622
2,179,195
-
1903,
/ Adjustment
LIABILITIES—4% % cumulative preferred stock; ($100
par), $5,000,000; common stock ($1 par), $644,671; premium on
preferred
———
J. C. Bradford & Co.
•
200,000
750,000
—
—
$3,678,450
90,337
448,536
50,000
30,335
dividend
manufacture
Dec.
.•
.2——1——
1,047,586
381,632
:
■
385,547
'
'*
.
250,000
Patterson,
Copeland
&
100,000 / /. Kendall, Inc.
Perrin, West & Winslow,
Inc.
300,000
300,000
Peters, Writer ft Chris-
Co.,
Inc.
>
■
paid
$3,232,075
6,150
""C'T
V'
500,000
200,000
Otis
Blair & Co., Inc.; ——
2,000,000
-Boettcher and Co, JiL.JY'
100,000
Bosworth, Chanute,
Loughridge & Co
Co,-,—L.
4,827
$3,672,299
1,078,557
30,335
.
977,396
4,868
ASSETS—Fixed assets, $38,240,3685 special
deposits, $1,732,483; cash,
$2,421,648; U. S. Government securities (at cost),
$238,000; warrants
receivable, $1,526; interest receivable, $238; accounts
receivable, $738,,988; inventories, $469,043; prepaid insurance, taxes and other
expenses,
$111,461; deferred charges, $473,522; capital stock
;•
E. M. Newton ft Co
Alfred O'Gara ft Co.—
100,000
150,000
—
-—
Milwaukee
//Newburger
100,000
100,000
__
—
Co.
Z.
^
1
BALANCE
100,000
Miller
919,489"
/■■' :/'•
Co,,
C.
;
—
%c"' "'r''"
*_
752,339
/amortization; of
Mullaney, Ross ft Co.—
Nashville Securities Co.j
Z
& Co.. Inc.
R.
income.
515,120
,7,958:
;
Moore, Leonard ft Lynch
Co.,
Inc..i—100,000
Barrow, Leary & Co.
•Jack M. Bass & Co
Bioren & Co.
ft
retirement' and
Net income applicable to common
stock——,—
;
150,000
W.
// The
u
The Bankers
^
monon
——
ft
•Divs.
200,000
150,000
^:/
Inc. /
E.
y
&
Redpath
V,
150,000
100,000
100,000
—
Co. —
Wm. J. Mericka
.
roeder, Inc.
C. S. Ashmun Co.
•A. E. Aub & Co.
Net
-
Morris Mather ft Co.-—
McMaster Hutchinson
/
•j
487,349
8,200
Total income deductions
$100,000
—
for
J **•;
// «i.y'AJJ
Gross :'iricome-.
I
principal
Mason. Moran ft Co
A. E. Masten & Co
—.
Arnhold
the
536,384
20,225
•
Government and foreign
governments for use in swift motor
torpedo boats, bomb target boats,
patrol boats, landing
boats, airplane
rescue
boats and similar craft.
Production of its various models of
marine engines and spare and
replacement-parts therefor, during the
war period, represented
upwards of 99% of the
company's business.
POST-WAR BUSINESS—The
company intends to devote its
major
effort to the manufacture and
sale of Diesel
engines.
It has devel¬
oped a Diesel engine to fill an
important, place in Diesel
engine fields
in the horsepower
range from 200 to 650.
Company has ascribed to
.this engine the trade name
"Viking Diesel."
3,662,662
780,789
.
Operating income..
j; •; O ther incomew—
'
PURCHASERS.—The
/I
11,487
339,740
l
company
$9,639,770
4,087,585
571,191
:
1:
.property, plant and equipment—:
Provision; for amortization of franchises—
"
-*
Income
State taxes, on
income^....—
Taxes other than income
Provision
before
or
1% of the principal amount of Series F
bonds theretofore authenticated
and delivered less certain credits, or a sum equal to the net income
of the railroad company prorated
among the sinking funds under the
first mortgage, whichever is
less.
/
,
on
r
SINKING FUND.—Company will
pay to the trustee on
,1 of each year beginning in
1951, as a sinking fund, a
•/
■
taxes
21.458
303,148
the' production
of marine
engines, including the Admiral
engine, a
high speed, light weight, engine with an
output of 800 to 1200 horse¬
power (depending on
supercharge).
The Admiral engine was used
by
•the U. S.
1944
$10,580,767
—
/ Maintenance
lines.
-
1945
38,739
engines and engines for
its principal sales
volume was
1939, its sales were predomi¬
nantly for various industrial land uses.
The company for
many years
prior to 1940, in addition to sales of
engines for commercial arid
pleasure boats, supplied engines to the
U. S. Coast Guard for its
patrol and picket boats/
?:"•;, ://
.v.*.,>•:•
During Ihg years 1940 through 1944 the
/
.
1942
562,370
profit—
peacetime
varied
in
$1,306,824
j
1943
:The engines manufactured
by the company prior to 1940 ranged in
horsepower from 100 to 600./ The
principal output of the company
;
outstanding.*
Years Ended Aug. 31—
1895
the
INCOME STATEMENT YEARS ENDED
AUG. 31
on
mortgage, excluindg
mortgaged lines of railroad;
$1,224,547
38,461 '
mental, industrial and private use, both at
The
New .York
Stock
Exchange- has authorized the listing of
$17,500,000 first mortgage bonds, 3Va% Series due
1974, ail of which
'
18,
The
380,432
Listing of Bonds—
x
SECURITY.—The first, mortgage, in the
opinion of the associate
general attorney of Southern Pacific
Co., is,
exceptions, a direct first lien on approximately
2.988 miles of road (first main
track), consisting of approximately
1.989 miles of main lines and
stk.
com.
// y//v;'
Calendar Years
1944
be
industrial
Balance appiic. to 644,670.85 shares
EARNINGS
stock,
will
since
$1,687,256
255,190
OF
are proposed to
preferred stock now
the
registration, $25,000.
$4,221,709
2,534,452
■
the
3%
thereof,
of
'
taxes..
HISTORY AND
$3,910,308
311,401
$4,185,948
2,706,211:
,
for
demand
of
■
stock
Dec.
$353,455
Di-596
sale
•■/•/
being offered is $55,000.
PURPOSE^-The proceeds to be received
4,868
YY
reserved
are
estimated at $900,000,: will be
added to working capital
devoted, so far as is now
ascertainable, to the following
(1) To the retirement of bank
indebtedness of the company
represented by demand notes to banks
bearing interest at the rate of
3% per annum, $400,000;
(2), additions to working
capital, $475,000;
(3) miscellaneous items
Including costs of
859,550
405
being registered and
preferred stock at the
121,395
and
reserves.
net
Outstanding
$750,000
$400,000
the
reserves
annual
FINANCING
shs,
$3,506,166 $16,886,328 $19,453,980
$10,553,188
133,494
1,983,820
1,777,812
910,051
—
inc.
pre¬
agent,
purposes:
785,836
794,484
applied
/
direct
The
and
$9,877,038
56,882
397
$320,883
to
of
•■••••
oper,^_
profits
of
now
the
shares
outstanding
•
adjusted.!
Fed.
for
ferred
12 Mos.—1944
4,071,949
inc.)
than
-Net:oper. ' income-—:
.Other income
Gross
1945-
•:
retirements..
*'•
.general counsel and the
subject to certani minor
a
excess
Balance
3,809,296
507,178
(other
for
*Prov.
.
proceeds
deductions...
for
of
Transfer
re¬
'
company has
banks which, as
from
etc.,
Prov.
Co.—Earnings—
1945—Month—1944
$799,170
$848,894
306,671
320,028
revenues.—_
'
by the railroad company to
redemption, on or about May 15, 1946, of $50,000,000 first
mortgage
bonds, 3^/4%, Series C, due Jan. I, 1996, at 103% and interest.
.
warrants.
of
100,000
9 Mos. End.
as
share
the
Trust Co. of New York.
PRESENT
are
conversion
Another
the
Net profit bef.
'
24,023,049 .-19,056,921
16,429,820 15,666,102
the
Vvv'--•■'
price.
income
Prov.
93,892,692
S
expense;....
Maintenance
'
au-
the
profit
Other
151,023,003
-L
sales,
Net
237,371
36,812,311
•*"
822.
Ariiortiz. p£ franchises...
company in
advances
163,
•% Operating
PURPCSE.—The proceeds to be derived from the -sale ,of -the
bonds
of Series F, together with such
other funds as may be necessary,, to be
..paid by Southern Pacific Co. to the railroad
.of open account
1
6,092,036
1,385,684
Southwestern Public Service
LEGAL INVESTipiNTS,—In the opinion of counselthese
bonds will
legal investments for savings banks organized under the laws of
the States of California,
Illinois,-New Hampshire, New York, Ohio and
Rhode Island and for savings hanks
organized under the general tows
of Pennsylvania.
'
.
^
v
Period End. Dec. 31-
be
Y
244,575
1
for
events.
for
■
the first
Sterling Engine Co4
Preferred Stock Offered—A
banking group headed by Burr & Co.,
Inc., on Feb. 19
offered 46,123 shares of 55 cents
cumulative convertible
preferred stock (par $8).."/ The
public offering price is
time
policy-with
The
f/
in
!
due
of
the
time
in
life
assurance
prohibition,
all
soundness
this
practice
limitations,
action
unconditional
policy
world-wide uhconditional
a
and
restrictions... eliminated.
established
became
came
into
by
experience
generalise.? '
and
"
-
the company's progress during 1945, Mr.':, Wood said
a
substantial decrease in agency personnel due to war
this was one of the most successful years since organiza¬
Discussing
that despite
conditions
tion
to
The
ordinary
$213 662 421,
and
assurances
group
secured
assurances
during
the
year
totalled $27,747,398.
amounted
Total
an¬
$10 per share plus accrued'dividends
from Jan. 1 1946^
nuity payments now being made aiqpunt to $10,371,347 yearly, and
5: provision is being made for future annual payments of
The offered shares
$37,265,767.
represent the unsubscribed portion of '? ^
Total premiums from policyholders during the. year were
$133,109,100,000 shares offered to common stockholders on the v
745,
an
increase
of nearly $10 million over
the
previous
year.
basis of 2/9 of a share of
The income from all sources reached the record figure of
preferred for each share of
•common
held
Feb. 13, 1946.
{/ The
30
preferred
$219,378,690,
at
$10
stock
days' notice, at $11
per
J
-
is
per
share.'
These
rights
expired
;>/•;;
redeemable at
an
increase
nearly
$27
ficiaries
any
share if ledeemed
time
on
or
upon
not
less
before Jan.
1,
than
1951;
1,
accrued
—
upon
Sept. 30,'45
Net
ferred
u
subject
v
,
;
Crll,581
1,971,331
1
Net operating income
Net income
days' pub-
ISSUANCE.—Issuance and sale of these bonds are
thorization by the Interstate Commerce Commission.
—
SUMMARY
13,674,065 167,599,708 151,260,374
18,557
::
revenues—,i 14,549,113 ,13,685,646
167,355,133
9,893,335
10,338,538 106,519,773
taxes
J—Crl,436,258.5
-
-
14,567,670
rev.
expenses
Operating
"
oper.]
TO
Jan.
plus
before
100,000 shs.
———700,000 shs.450,000 shs.
100,000
100,000
par)
*>'
-:k
stock
certain
EFFECT
'
$
In
shares of common stock
conversion
1945—12 Mos.—1944
Operating
/. Operating
„
on like notice in part at any. time beginning
Juiy 4,
1951 through operation of the
sinking fund, the initial redemption
prices toeipg 1Q4 j/4>, and 10P %.: of the
principal amount, respectively,
plus accrued interest,
OIVING
payable to
be repaid out of the
offered.
;
;
; •• /'
190,373
common
adjustment
for issuance
addition
before
or
or
on
par).—100,000
($1
notes
Co.—^Earnings—
,1945—Month—1944
///•/x? • $
revenues..—
Uncollectible
coupon, form, registerable as to principal, in denom. of $1,000, and
in fully registered- form: ih denom. of
$1,000- and authorizedmultiples
thereof. Bonds will be redeemable at option of
company in whole or in
part at any time, after Jan. I, 1946 on not less than 60
fiished notice, and
■i
be
Dec." 31—
-•
<
stock
reserved
initial
.
,
Southwestern Bell Telephone
of 99.52, a net interest cost to the issuer of
2.768%.- Kuhn, Loeb & Co. submitted a bid of 98.4199
.for a similar, coupon. /,
,>:///-|/; /y; ;irh
'
I "■
!
-
to
of
time
any
Authorized
($8
NOTE—150,000
are
1,511,290
shares
at
Co.; Registrar, The Marine
.
'
$50,000,000 1st mortgage bonds, 2% %, Series F, due Jan.
1, 1996 at 100 and interest. The issue ,was awarded Feb.
;
1VS»
subject
stock
exercise of
Net operating- Income
2,525:776
Preferred
'
.
into
on
thereaftr,
Convertible
Capital Stock
$2,505,719
rev.
redeemed' thereafter and
share if redeemed
per
case.
Warrants———
■
Operating
^$3,729,513
-
163, p. 468.
date
stock
if
$10.25
each
CAPITALIZATION
•}•;'.
1945—Month—1944
revenues..—
Operating
'»•
$5,344,442
Southwestern:Associated .Telephone
Co.—Earnings--
Mos.—1944'
Uncollectible
Operating revenues—
$3,035,410
Operating expenses—
2,256,151
Operating taxes.—
Crl,088,003
:
at
in
The New York Trust
$2,651,401 $32,^80,520 $30,559,963
36,831
rev.
u'»
*-
share
per
and
dividends
,
_*■/
---r
$10.50
1956;
—Week End. Feb. 14— —Jan. 1 to Feb. 14—
1946
1945 V
:1946
1945 1
S
1035
at
Co.—Earnings-- r
1945---Monih--^I944
31--
revenues---
'
Uncollectible
<vrr<v
Ry.- -Gross' Earnings—
■
i".-u
Volume
of
$34,563,314.
million
under
Included
left with the
various
in
the
company
by
income
is
an
policyholders
privileges of settlement—or
amount
and
of
bene¬
nearly 40% of all
death claims,
matured endowments, and dividends disbursed
during
v? the year.
"No better illustration," said Mr. Wood, "could be found
cost),
practice.
dunng^£8$J;
application of trusteeship inherent in life assurance
payments
to
policyholders
and beneficiaries
amounted to $90,226,067.
.
1
% •%' - 'l']t
Discussing the surplus earnings of the company, Mr. Wood stressed
that
earnings
in life
assurance differ •■.fundamentally
from
of
the
Total
total,
the
.
sufficient
expenses
a
provide
to
realized, and these constitute the
policyholders are paid out of these
arise from the sale or redemption of
assets, and other sources, which are known as "non-recurnng.
The
normal earnings for the year amounted to $21,685,890.
The ' non¬
recurring" earnings arising from the sale or redemption of securities
etc., totalled $18,256,014.
This amount was added to surplus which
nowstands
at
$56
million and with the contingency reserve of
$15 million makes a combined surplus and contingency reserve oi $71
million.
Referring to policyholders' dividends, Mr. Wbod said "A year
ago, when announcing an increase in the scale of dividends to policy¬
holders, I mentioned that we had been following a conservative policy
until we were better able to judge the effect of post-war economic
conditions.
The
war
is now over, and a thorough study
of the
company's
present position,
earning power, and future prospects,
justifies a further upward revision in the dividend scale.
I have
much pleasure in
announcing that the Directors have approved a
substantial increase In the amount to be distributed to policyholders
conditions
savings
normal,
are
are
earnings.
Dividends to
earnings. Surpms earnings also
surplus
as*
•
dividends.
paid
services,
armed
;
>
■
the
duction
in
_l_.;
.V1v,/ V }J.V-Vr
Total
'
'
taxes__
operating Inc.
Total non-oper, income
,
Total
available.
ceilings, still in effect in
jProfit.—V.
$1,507,442
171,503
2,059,702
$227,149
' $25,816
$552,259
469.
p.
1944
1943
1942__
1941
1940
Shares
—V.
163, p.
—
1939
of motion pictures includ*
(C)
$321,304
-
'
EARNINGS
365,726
478,854
463,808
Y, 430,675
420,977
505,569
operations.
before interest, amortization of financing
profits taxes. '
\
Interest and amortization of financing expenses..
'
(B) Net
profit
(C)
Herbert. Todd,
and
who
on
18 retired
Feb.
director of the corpora¬
<
' ^'
as a
family.
the Todd
members of
other
on the Saturday nearest Oct.
fiscal years ending Nov. 2,
comprises a period of 53 weeks.
'Ending
except for the
of which
31, consisting of 52 weeks
1940, and Nov* 3, 1945, each
connection with prepayment
c^f 5% convertible debentures. I-
$360,256 expenses in
deducting
tAfter
of bank loans
822.
and retirement
adjustments applicable to prior years
'given effect to In arriving at the, profits shown in: the
'.
Blyth & Co. bought the shares from
15.
of
5Exclusive
'
of this summary.
Room
will be made at -the company's
New York, N. Y., ujion presentation
12C Broadway,
2822,
r
payment
Immediate
interest.
and
office,
the Brooklyn Trust
Co,, Brooklyn, N. Y., and J. Herbert Todd as co-trustee.
b
-V,<
The stockholders will be asked at the annual meeting, June 19, 1946,
to reduce the capital of the company with respect to
these 65.233
shares, as well as with respect to 27,316 shares now held in the com¬
pany's treasury.
If thie taction Is approved, 139,451 shares of common
steck will remain oirtstonding.—V. 163, p. 233.'
.
;
'
*
I "J
-1 J
1
i1, 'V"* / » y/ 'ti
' A 11 ' '' P 1
Feb.
On
and surrender of said bonds.
*
1
/
'
I"
company
-.surrender thereof.-
Corp,—Annual Report—
Tri-Continental
before deducting funded debt,
1944, to $53,253,928 on Dec.
31,
1945, according
to the annual report released bv Francis
F.
Randolph, chairman of the board.
At Sept. 30, 1945, net assets
were $47,03I;960.
The net assets on Dee, 31, 1945 indicated an asset
coverage
of $7,235 per $1,000 of debentures, $324.61 per share of
preferred stock and $13.07 per share of common stock as compared
wtth
$5,322 • per $1,000 of debt, $225.01- per preferred, share and
$7.27 per common
share respectively on Dec. 31, 1944, and $6,390
per
$1,000, $280.60 per share and $10.51 per share respectively on
The
assets
net
.
stoted that no nwlnr chanee in.1 character of the
necessitated? by the advent of peace. During the war
the
portfolio policy had borne in mind the longer term postf-war
oailook. Tri-Continental maintained its well-invested position through¬
out
the year in
the belief that the many adjustments involved in
the
change-over from war to peace would be transitory and would
was
Y--'.Yi'
•
A
year-end
stock.
the
and
'
, ^
..
Y
.
• -.
J
.
Zz'tZZr-
'• ..%%'■ •'•
■,
in Personnel—
English
CAPITALIZATION, GIVING
and
Engineer;
W.
H.
Superintendent of
163» p. 356.
■
United States Radiator Corp.—Plan Opposed—
Securities Corp,, which
The Tri-Continental report shows that Union
owned by Tri-Continental Corp. and Selected Industries Inc.,
net income for 1945 of $1,007,000 after setting up a reserve
is jointly
had
of
a
and
$500,000
18%
its
on
valued
paying
paid-in
dividends
capital.
-
1945
1943
0 151,609
$1,590,810
$1,461,226
$1,453,250
171,889
154,634
Cr5,000
162,574
j.
4,188
221,037
57,642
'
6,103
18.185
237,556
52,229
9,185
12.982
$1,008,625
848.280
848,280
485,864
______
__—___________Y
over-accrual for legal fees
______v
tax
income
income
269,728
_______
__
_____
__
;
'
5,419
tax
Other taxes
___•
______
$1,285,421
16.221
-
'
•
loan
of
a
proposes
The
income
Preferred
Common
•_
given
dividends
dividends
-
$978,724
•
chased
848,280
The
.
''The
to elect to be taxed as a regulated
such should have no material liability
the year 1945 in respect of the above
corporation has determined
investment
company
for
Federal
net
income.
income
and
tax
as
for
>■■■■"■■■•■ ;
•
BALANCE
AS9ETS—Cash
securities
(at
in
cost),
banks.
•
./%
.
the
SHEET
$535,034;
$1,100,000;
DEC.
31,
1945
investments in
investments
•
in
right
other
S.
Government
securities
(at
stock
so
on March 1, 1946,
this company at $11
purchase
stock
of
any
per
part of 92,344
share
not
pur¬
of common stock by that date.
> . ' f
members of the Committee, Wesley J. Peoples, Col. Charles W.
W. Ballantine^ are beneficial owners of 13,600 common
shares.
'
committee
also
-
'
points
'
'
'
out
-
" '•-•/%
that
the
combined
•••
holdings
of
all
j directors of the company total less than'5,000 shares of-common and
less
than
700 shares
of: preferred,, or. approximately 2%
of each
The
.•
committee
% bidding,
;
asserts the
-
YY-Y
..
bank loan should be open to competitive
pointing out that the debenture
bond issue which under the
number of shares
of common stock of
or
will
production
will be
used to
part or all such funds may
and
-such
Y
;•
purposes;
<
'
-
be used toward or for one or
'
,
i
-
both oi
•
pursuant
amount
and ,loans to the new production company
to the agreement dated Nov. 26, 1945. • A determination of the
of cash required for such advances and loans cannot be made at this
time; however, it is presently estimated by the company that
advances and
loans may amount to $2,500,000 or more, dependent
upon numerous factors such as, among others, when and how many
Yf
t
are
on
speeilic
dls-
to
as
?
owners
class.
U.
to
common
by
Miller and.R.
The
preferred
present
underwriters and one selected stockholder, Roy K. Ferguson,
unissued
Net
of
reclassification
existing dividend arrears.
charge
purchase of a like
175,088 shares
company
pany's $1,664,090 5% debenture bonds clue Aug. 1, 1946.
A
syndicate headed by White, Weld & Co. for underwriting the
.common stock issue would, receive 46,162 warrants entitling holders to
purchase common stock for the next three years at $16.62>/2, in addi¬
tion to a cash "commission" of $33,973.
The management plan also
v
the
company
PURPOSE—It
be
$1,400,000 which, together with part of the proceeds from the
new
common
stock, will be used for retirement of the com¬
of
sale
;
.
is 'intended that of the net proceeds $1,4C0,000
purchase tjie preferred and A stock of the new
and that the remainder (approximately $4,492,000)
added to the company's general funds and will be available for one
or
both of the purposes hereinafter enumerated.% While no
allocation of such remainder has as yet been made and while it is
not feasible to make any allocation at this time, the company's present
tentative program includes expenditures for the following purposes,
against the plan at the special meeting called for March 1.
The corporation's plan involves the offering of 92,334 common shares
to
present common stockholders at $11 a share in the ratio of one
new
share for each 2'/a shares held.
The plan also proposes a bank
ft?
___
______
expenses
Canadian
.
$1,300,027
? 14.798
146,402
'___
Total
Federal
f-Yf
$1,310,223
121,174
159,414
■'
—
—
Interest
1944
1
_
_________________
Taxable securities
Prior years
to
*
$1,139,586
Dividends—Cash
General
f
»
•
Interest
equivalent
$200,000,
at
?*
Vigorous opposition to the plan of recapitalization anci refinancing
proposed by the directors of this corporation is expressed by a com¬
mittee of common stockholders who are soliciting proxies to be voted
YEARS ENDED DEC. 31
STATEMENT
INCOME
$7,080,000
100,000 shs.
before April 1, 1956, at a price of $10 per share.
consist of (a) the shares of common stock reserved
for outstanding warrants for the purchase of 90,800 shares of common
stock of the company originally Issued to certain officers and em¬
ployees. and (b) the shares of common stock reserved for outstanding
warrants for the purchase of 84,288 shares of common stock of the
company originally issued
in 1936.
In addition, shares of common
stock are
reserved for warrants for the purchase of 75,000 shares
which the company is obligated to issue within a period ot two years
and two months from Nov. 3, 1945 (of which the company has issued
since Nov-. 3, 1945, warrants for the purchase of 25,000 shares).
the
The
Superintendennt of compressor stations,
transportation for the three sub-
W. Egger,
H.
Eiser,
for
are
include J. H. Miracle, to Secretary of the corporation and sub¬
sidiaries; M. V. Cousins, Director of Personnel; D. R. Pflug, Assistant
Chief
$7,500,000
'
Stk—858*
2,000,000 shs. 804,219 shs.
twarrants
175,088 shs.
'Company has authorized but unissued 100,000 shares of cumulative
preferred stock (par $100), issuable in series, of which 60.000 shares
designated as 4 V* %• cumulative preferred stock are now offered, . ... <.
tThe warrants are exercisable from the date of issuance thereof and
They
sidiaries.—V.
FINANCING
Outstanding
due
*Cum. pfd. stock (par $100)--.
4 W% cum. pfd.
Common stock (par $1)—,——...
Companies.'
advanced in the United
to the
Authorized
debentures,
3%%
sinking fund
March 1, 1959
trip.
other Shreveport men were
Finance Corp., Ltd., a party
|
'■
EFFECT TO PRESENT
..
Comptroller .of United'Gas Corp. is R. E. Hull, of Shreve¬
formerly General Auditor.
He will also serve as Comptroller
Five
and by General Cinema
agreement.
Auditor is F. E. Waltrip, Shreve¬
port,
former Assistant General Auditor.
In his new capacity Mr.
Waltrip will also serve as Auditor for the subsidiaries, United Gas
Pipe Line, Union Producing and United Oil Pipe Line companies.
Under the new organizational setup all matters pertaining to finance
will be handled by Tracht, Mr. McGowen stated, and all
accounting
and procedure will be under the direction of Mr. Hull and Mr. Wal*
in the
corporations through distribution companies organized
and in Great Britain and other countries.
SUcn
companies will be owned Jointly by the new production
company
the three subsidiaries.
Succeeding Mr, Hull as General
*
PRODUCTION COMPANY
distribution
Named
port,
INVESTMENT IN NEW
States
United
for
■
of cash,
holdings
.•
\^^V.V%Y'-VI;!--»^
"also of Houston.
:
bonds and preferred stocks
tax provision on unrealized
grade
good
'*
f
..-I*. V.. Tracht, of Houston, formerly. Assistant Tfeasurer of the cor¬
poration's operating division there, has been elected Treasurer of the
corporation,
His new post will take him to Shreveport, where the
general offices are located. . He will be succeeded by A. J. Biard,
L
the Tri-Continental
year-end
'
Major personnel changes in the treasury and accounting depart*,
iments of this corporation" and Its subsidiary companies were an- ;
nounced Feb. 16 by N. O. McGowen, President.
.
a
government
amounted to
7.2%
of net assets before
appreciation. ;
On
that date
the
total
bond
portfolio was approximately 5.2%
of
gross assets while
preferred stocks accounted for about 18.2%
and
common
stocks, including those of subsidiary corporations, for about
72.3%.
The largest groups in the common stock portfolio were the
holdings in building, equipment and renovation enterprises, repre¬
senting 8.1%
of gross assets, public utilities
accounting for 6.3%, •!
oil companies for 4.5%, banks and insurance for 3.9%, and chemicals
for 3.6%.
,:Mjy■'Y'-tYvr-*- '• YY-~%-.Y'
Zt;
At
securities,
\
United Gas Corp.—Changes
affect the wartime levels of security prices.
dividend of 20 cents per; share was paid on the com¬
adversely
not
mon
.,r": ■ ■:•?.
1
Sept. 30, 1945.
Mr.
Randolph
portfolio
York, N. Y., has been ap¬
2Va % debenture bonds due
Feb.
31,
Dec.
on
v -y'-
the AV* % preferred
dated Nov. 26, 1945, company has agreed to
purchase, for ar. aggregate consideration of $1,400,000. all of the
$1,300,000 par value of 4% non-cumulative non-voting preferred stock
and one-half of the common stock of a new production company to
be organized,
William Goetz and Leo Spitz have agreed to purchase
the other one-half of the common stock of the new production com¬
pany and to pay therefor the sum of $100,000.
Mr. Goetz is Pres¬
ident and Mr. Spitz is Chairman of the board of directors of Inter¬
national Pictures, Inc., a motion picture production corporation not
affiliated with the company.
It is contemplated that the new produc¬
tion company will engage in
the production of motion pictures and
in the distribution of motion pictures produced by it and by certain
%
.
r
which were
third column,
the agreement
Under
Appointed—
The City Bank Farmers Trust Co., New
pointed Trustee for $44,493,000 of 30-year
1. 1976.—V, 163, p. 948 and 822.
the, corporation,
of
$39,173,150
from
increased
Trustee
(
tt
t
.
,
PROPOSED
,
i
.
.
,
TheVmaximum annual divideirid requirement on
stock now offered hqreby te $255,000.
y
±.
has also elected to redeem on May 1, next, all of the
outstanding 35-year 3>/*% debenture bonds due May 1, 1971, at 103
and interest, and will make immediate payment of the full redemption
price, plus accrued lntere.st to May .1, ; 1946, - upon presentation and/
The
'
*
profits , taxes.
(D) Income and excess
(E) Net profit.
,
:
tion,
expenses
and income and excess
■;-V'Y:.vYYY'ZT-•• ■ ■
The corporation hRS purchased for retirement 65,233 shares of its
eoBimon stock at $125 a share, John D. Reilly, President,
announced*: % v Union Pacific RR.—Calls 3 V2 % Debenture Bondsr-.
The stock was purchased from Blyth & Co., Inc.,and
is comprised
The* company has called' for ,redemption: on April 1,. next; all of its
of shares fornierly owned by the estate of the late William H. Todd,
outstanding 34-year 3 Mi % debenture bonds due Oct. 1, 1970, at 103
J.
I.
§(D)
(E)
$6,420i082 $3,910,923
8,354.487
3,412,701
8,823.877
3,759,968
4.650,323
2,806.952
1,867,155
2,341,202
556t857
2,232,805
282,780
999,110
■
: ■
such
and
(A) Income from
Corporaton is proceeding with its expansion program. Engineering
started for the" Installation: of a .fifth .paper machine
facilities at Savannah.
'
\
The report shows that by the end of last year the company had
drawn $2,800,000 againstt a 10-year 214%
bank loan arranged last
September with J. P. Morgan & Co, and a group of banks.
Union Bag -closed last year with a strong v»orking capital position,
the figure being $7,300,513 of which cash alone exceeded all current
liabilities.
Ratio of current assets to current liabilities was 5.2 to 1
at. the end of the year.
Working capital at the end of 1944 had been
$6,943,222 and the ratio of current assets to current liabilities 3.4 to I.
t$30,213
163,
1945
and for the expansion of the bag
$2,097,623
2,067,410
Shipyard^ Corp.—Purchases 65^233 Com.
Todd
seriously
work has been
;
$2,057,175
40,448
-
'Loss.
as
I
————;
■ -■
$145,687
(railway & bus)
Loss
SUMMARY OF
(A)
(B)
$51,049,428 ^10,652,314
51,561,504 tl'2,132,914
46,478,527
13,062,699
39,063,053
7,921,083
30,191,111
4,639,032
27,573,964
3,210,639
23,760,959
1,787,459
•Fiscal Year—
"Newsprint production, for example, due te
the scant profit under OPA ceilings, has been radically decreased.. The
• same
is true of wrapping paper and grocers' bags. < In rview of the
shortage of pulp and paper which seems likely for several years to
come, there is strong likelihood
that if OPA continues beyond June,
; higher prices will be requested on many; paper products.",
,
.
.
174,702
deductions-
Total
:
compared with
the paper industry, have
production of various grades of paper
the
--
,
engaged in the production
features, serials, newsreels, westerns and short subjects,
pictures being distributed by the company through subsidiaries
licensees In the United States and other parts of the world.
becomes
labor
Co., Inc.
The company is
ing
others", Mr. Calder stales.
'$52,448
income—
gross
'
Pictures
cut in the South during the
prisoners-of-war and that since the
repatriate these prisoners, produc¬
will be decreased to a serious extent unless free
tion of pulp and paper
-
$1,433,435
74,007
$134,475
11,212
*$75,279
22,831
'
which was incorporated in Delaware 011 March
13, 1936, and acquired, on April 2, 1936, from Carl Laemmle and his
associates a majority stock interest in the Pictures company. .The
Pictures company had been incorporated in 1925 as the successor of a
corporation formed in 1912. At the time of the-merger in June, 1943,
the name of the surviving corporation was changed to Universal
Corp.,
Universal
into
of the
pulpwood
all
of
merged
BUSINESS—On June 25, 1943, company was
HISTORY AND
out
one-third
proximately
affected
'
—-'■■■■■'—
»
,
Total
points
Inc.—Preferred Stock Offered
in 1947.
outstanding commencing
wrapping
for
demand
past year has been cut by German
United States Army is planning to
$1,783,217 $21,209,605 $20,244,029
1,464,933 17,532,409 15,905,563
183,810
2,243,760
2,281,291;
$1,787,095
1,703,162
159,212
Total
'
probably will reach about 18,300,000 tons or a
last; year, he states.'
that increased demand in this country for
paper and board during
the first six months of 1946 probably will
result in a continued shortage of pulp, paper and board.
He adds
that production of both pulp and paper In this country quite possibly
will be adversely affected because of a shortage of pulpWood due to
lack
of
labor, trucks and other equipment.
He explains that ap¬
1945—12 Mos,—1944
1945—Month—1944
Period End. Dec. 31—
operating revs.__
Toital
operating exps._
v
af greater
means
'V
made Feb, 20 by an investment
banking group headed by Dillon, Read & Co. Inc., of an
issue of 60,000 shares of 4%% cumulative preferred stock
(par $100) at $102 per share.
The new preferred stock is redeemable at $106 per share If redeemed
on. or before March I,
1951; at $105 per -share: if redeemed thereaiter
and on or before March 1, 1956, and at $104 per share if redeemed
after; March I, 1956.
It is - also redeemable for the sinking fund at
$102 per share at the annual rate of 2% of the number of shares
more*than
tons
Calder
Mr.
Corp.—Earnings—
AND BUS OPERATIONS
Universal Pictures Co.,.
entire industry in 1946
million
"OPA
RAILWAY
Inc.—New Vice-Pres. of Unit—
elected Vice-President of Varlon, Inc.,
—Public offering was
paper,
redemption on April 1, 1946, at 105 and
surrender such bonds at the Central Hanover
Rank & Trust Co., 70 Broadway, New York, N. Y., and receive imme¬
diate payment of the full redemption price, plus accrued interest from;
July 1, 1945 to April 1, 1946.—V. 163, p. 469.
'
naturally
1946,
^ ^ ^<. f
i\
«
Inc., a year ago to head
During the last year he has been
active
in
the various programs pertaining
Zto the production and launching of Varlon, the new stain-proof wall
covering recently announced by Varlon, Inc.—V. 163, p. 356. .
,;
we
bags, boxes and almost every other paper product."
Barring strikes and raw material shortages, over-all production
-
formed Varlon division.
planning and directing
newly
the
of. demand
war,
4
' 1
*
has been
Williams
■
for paper goods considered 'non-essential' during
look for good demand in the paper industry during this
period." He points out that "there is still a limited supply of consu¬
mer
goods due to strikes and shortages Of certain raw materials.
Increased sales of consumer items made possible through increased pro¬
backlog
interest, may present and
Third Avenue Transit
^K
division of United:Wallpaper, Inc.
•
Mr. Williams joined United Wallpaper,
a
.
163,
committee.—V,
stockholders'
the
for
.
%
e
E.
John
shown
increases
equivalent to $1.25 a share in 19441 •
•
Foreseeing heavy consumer sales for the next three or four years,
Calder, in the preliminary report, states that "because of the
for
called
1958,
1,
July
successive
Mr.
cumulative income bonds due
collateral trust 7%%.
the
of
the
$1,584,013,
Co.—-Redeems, Bonds—
Taylor-Wharton Iron &'Steel
Holders
-
(
United Wallpaper,
Advance
each' year for the; past
decade, net sales of the corporation in 1945 advanced to $41,391,116,
a record high,
Alexander Calder, President, stated in reporting the pre¬
liminary annual earnings for last year. This was an increase of 6%
over
1944 and 3% times the company's net sales in 1936, the year in
which
the Savannah
plant began operations.
Total tonnage of all
products sold in 1945 was 321,090 tons compared with 304,996 tons
the previous year.
The report, subject to audit, shows that net in¬
come for
the year ended Dec. 31, 1945, after all charges, totaled $1,646,467 after providing for nearly $2,000,000 more of special amortiza¬
tion than
was
charged in the previous yeatf.
This is equivalent to
$1.30 a share on the capital
stock outstanding.
It compared with
credit whatever
excess.—V. 161, p. 774.
this
for
statement
and 696
u'1
bouses
banking
attorneys
are
pp. 948
*
It is the opinion
groups.
and
brokerage
\
162, p. 2191..
olfers from other
of this committee that other
in this country would handle the.
financing for the company to better advantage,"
v
:;
The committee particularly objects to the condition of the manage¬
ment's plan-under which the subscription rights cannot be authorized
until the meeting on March I, 1946, and will be voided and expire at
3 o'clock the same day in Buffalo, N. Y,
,
Pear, Campbell, Langs & Tyler, 1906 Dime Building. Detroit 26,
% large financial
/
Union Bag & Paper Corp.—Year 1945 Shows
Continuing
-
values, in no case
and stocks are
in' the
and
■
payable^ etc., $472,010;
$23,000;
cash,
Mich.,
Alt of the assets appear in the statement at book
exceeding cost.
The market values of both bonds
substantially in excess of the book values, but no
Is' taken
-
.
.
dividends
against
See Noma Electric Corp.* above.—V.
8.4%; Mortgages, 4.6%;
1.5%; other assets, 2.4%,
Stocks, 1.8%; Common Stocks,
Real Estate, 1.4%; Policy Loans, 4.6% ; Cash,
^
accrlied,
,
policyholders arising out of war . conditions, a total of only ,4.5% of
of all death claims paid over the same period.
The Financial Statement presented by Mr. Wood said that, of the
company's total assets, 52.2% is held in Government bonds of Canada,
United States, Great Britain, and other allied nations. , The remainder
of the assets, with the percentage of each to total assets, consist of
the
following: 1 Municipal
Bonds, 3.8%;
Industrial Bonds, 3.7%;
.Railroad Bonds, 0.4%; Public Utility: Bonds, 15.2%: Preferred and.
Guaranteed
,
loaned
Triumph Industries, Inc.—Exchange Offer—
period,
in the
civilian
revealed that the company, through the war
$6,600,000 in death claims covering policyholders
and $1,090,000 in respect of deaths among
Wood
Mr.
,
hud
:
securities
lor
restrict the company's activities, hamstring
development plans, and stop any financing
may
25, 1946
from $2,331,000 to $1,664,000
""in our opinion, thfe loan
any real expansion
plan would be paid off, has been reduced
without default. ' The
committee states,
due lor securities
purchased, $14,486; due for securities purchased when issued, $232,387;
reserves
lor
expenses,
taxes, etc., $271,273; contingent commitments,
$1, <31,750;
funded debt:
3%
debentures, $7,360,000;
$6 cumulative
preferred stock, stated value $25 per share (141,380 no par shares),
$3,534,500; common stock,
($1 par), $2,429,318; surplus, $27,794,250;
total, $42,131,224.-^V.' 163, p. 356. <
•
due
undertaking organized for profit. Because
life assurance contract, premium rates
for adverse fluctuations in mortality,
and interest rates, and for unforeseen contingencies,
when
nature of
long-term
be
$42,131,224.
LIABILITIES—Interest
■
commercial or financial
a
must
■'
etc., > $115,249;
receivable,
interest
and
$4,601; receivable for securities sold when
special deposits for interest, dividends, etc., $364,676;
issued, $190,451;
those
of
dividends
receivable lor securities sold,
,
of
$39,821,213;
-Monday, February
FINANCIAL CHRONICLE
THE COMMERCIAL &
1036
(1)
Advances
such
pictures are placed in production by the
extent to which the cost of production is
new
production company, the
financed by bank loans, wheh
how fast such pictures will
"play-off."'.
-Y
' '-.."u"./- v'Y'VV- '-' l
.
(2) Improvements ifi and additions to the company's studio prop¬
erty, including the acquisition of materials and'equipment.- -Company
estimates that such improvements, additions, materials and equipment
its
pirafcws
are
in
placed
-
release
and
Volume • 1 (53
Number 4467
THE COMMERCIAL & FINANCIAL CHRONICLE
Stock and Bond Sales
DAILY
AOTIOB—Cash and deferred dehTery aaiaa are disregarded in the
New York Stock
«»
-
WEEKLY
Exchange
YEARLY
-
day's range, anises they are the only transactions of the day. No account la taken of such
sales In
computing
the
range
tor the
year.
High
Low
Close
Holiday
High
f High
Low
Low
\
Close
(Close
I fllgn
■j Low
tcio&e
Tiilgii
ts, Dec. 1948-50
(Low
...
(Close
'
Total sales in SI,000
I r;V-^T.V, fv:V
units
'
i Hiffu
2s, June, 1949-1951—..
.-j Low
[Close
Total sales in $1,000 units
"jHlgb
2s, Sept., 1949-1951
.{ Low
[Close
■
.
,
Total sales
i
•
In tl.000
units—
(High
2s, Deo., 1949-1951—.'
°,±i&
-{ Low
(Close
*
Total sales In $1,000
9%g,;;1950-52^-..i.
3s,
^
units—
[High
( Low
March, 1950-1952
| Close
Total sales In $1,000 units—
Total sales In $1,000 units.
High
1952-54—--i....—
2%S ■
2s,
Sept*
1950-1952-—..
Low
Close
sales
Total
\
Total sale* hi $1,000 units.
In $1,000 units—,
High
2 % s,
*£
2s,
1956-58;——,-—.—•
■-'-I*
Low
Close
»•
Total sales In $1,000 units
Total sales In $1,000 units.
High
1951-55
is.
2%», 1962-67-*————
Low
Close
Total sales In $1,000 units.
Total sales in $1,000 units—
Holiday
High
2s, June, 1952-54
2%S, 1963-1968—
Low
Close
Total sales in $1,000 units—
Thtal sales In $1,000 units.
2s, Dec.,
3%$, June, 1964-1969———.
1952-54
Total sales in $1,000 units—
Total sales itt 61,000 units.
[High
1.
V--•
■
v
■
1953-55
LOW
Close
j
Total sales in $1,000 units.
\
*•-, H'-JJ /"v.* V^'"v ■'£
.
2%$
9s
1964-1969——-—
Dec.,
2%fi,
Total sales
units—
Holiday
High
l%s
Low
1965-70—:
in $1,000
1948——
Close
Total
Thtal sales In $1,000 units.
2%s, 1966-71.
——
'
.y-
'i,:V -£
f High
."'W' fL'i-*32
2%s, June 1967-72-,..——
In
$1,000 units—
1
'•'
*
—
,
.«
?
•Odd-lot sales
{Low
NEW YORK STOCK RECORD
LOW
Monday
,
Feb. 18
Feb. 16
•
$ per
share
*120
124
98%
*111%
113
113
*120%
124
[ ' 16%
,v
SALE
;
37%
23%
177/8
36% : 38 <
22 y4
22%
56
54%
Feb. 20
$ per share
95
95
95'/e
39%
40
37
39
19%
19%
18%
§ 54%
18
^ 37%
23
56
*132%
120
120
95
,113
7%
63%
65
79
79
'
16%
-
33"
>
45%
*115
'
For
28
37%
33
-
• r
footnotes
27%
37%
34
7,000
21
"8,500
53
see
36%
2,600
17%
18%
5,900
51%#54%
10
53%
132
6%v. 7%
6%
59%
42%
43%
*106 y4
*
192
1047,
59»/a
7
i.f: 197
:
73
23
>
54%
8,000
132
10 Va
...
57%
V-
37V2
page
300
36
18%
135
;
28
7,500
37%
9%
201% 205
204% 205
:37%
33%
77%
24
24
'
*106% 112
*21 & .22%
76
'20
16%
'100
17%
>
108
27%
16%
t
'r
37
47
*107%
63
60%.
800
119
41%
„
Shares
95
20%
'
■
Sales for
the Week
113
16%'
*132%
7%
shire ]
*111%
-
Feb. 23
$ per share
53
11%
7%
; : 8
•
V
56%
10%
11%
X34
16%
34%
'
135
*132%
135
11%
16V#
Friday
Feb. 21
95 Ve
*111
19%
57%
Thursday
$ per
54%
17%
■■
FRICES
Wednesday
Feb. 19
lll*/a 111%
*118
122
*527/e
I
HIGH
$ per share
-
$ per share
98
97%
97%
*111%
AND
Tuesday
■
-'
•
•
100
10%
20,600
7%;
.60
73
r
^
'
93,000
$■;
9,700
1,500
.-44%
10,600
112
-•10
23
■'
500
193
196%
24%
25
2,400
25
25 y4
2,800
34%
35%
35
36
*
-
'5,500
;
[Close
•—i'
■
—
{Registered bond transaction
(Close
Total sales in $1,000 units
Saturday
.
Total sales in $1,000 units
TotaL sales In $1,000. units.
'•?.
sales
l%s, 1950—
Monday, February 25, 1940-
COMMERCIAL APlttANCECC'tHRqNICtE
THE
i/^
ip38
NEW YORK STOCK RECORD
-
Monday
$ per
share
i,' *107'
>
?K
*107
108
h:
10'/a
43
80%
81
If::':
37%
38.
r:'Ssr78%'
78%
i
*78
28 %
i
j; ;
16%
'
*131
V
39
146
144
;
J
*67.
i
; 108
55
54%
51
19%
i-
42%
43
12'%
13%
;
!
112
51%
51%
12
12%
v
*56
/
' 60
*56
112
•
*111
*110%
.:
16%
16%
13
13
41'
/
17%
'RifcfS
49%
49%
39%
'
35%
375/b
37%
331/2
117%
117%
%
.50%
41%
37
118
118
119
36 Va
38
20%
18%
108%
38
Mach &
Amer
Mach &
Metals
37
37
'• 37%
2,500
Amer Metals Co
22%
x20 %
188
*184'/4
184 */4
184 y4
30%
32 Va
32 Va
33%
45,800
99%
98*/4
99%
97%
99
2,160
36% a 37%
36 y4
38 V2
36 V2
36%
2,100
28%
29%
2,400
98%
100
39%
188
39%
31
31%
31%
30
31
28 %
30 y4
50
48
49%
48 %
48%
48V4
48%
69
65 */4
67 */4
62 y4
65
70
■
v
68
,71%
.
177
32 '
36
36
*165%
* 30
34%
.
31
29%
35
33
33
53
y
55
51%
52/'
55%
56 Va
153%
♦152%
155%
*152%
50%
50%
*50%
LOW
Saturday
Feb. 18:
Feb. 16
'r
$ per
$ per share
85
26%
69%
-
14%... 15%,
45' M
47%
23
'9%
9.1%,
29*%
15%
7133%. 133%
58
77; 51
141%
24%
24
52
141%
141 y4
141 y2
139%
139%
52
51%
*106%
*106%
108%
107%
107%
104
105
120
120
119%
119%
;
89%
34 %
.
;
•
27%
277/s
27%
56
56
55%
'86%
123
35
108
7
87
35%
17%: ;
110
14%
13 V*
35
78%
83
i
14
"
*38
34%
26%
~
.
:■.
17%
16
:
*108%
123
39%.
•
.
5%
700
27%-
*28%
"1574
110
34%
"y
31%
32%,
13 VS.
-
12 Va
12%
72 y4
76-
73 V4
32%
.
.
/
4%
y
880
123
300-
31%
1674
5%
.
.
110,500
2,600
j
Jan
-
•
Dec
108
/Jan
123
Nov
21
Mar
41
Nov
1974
Dec
Jan
39'% Nov
Jan
142'% May
41'%
Jan
86'%
Dec
13%
Nov
104%
Dec
274 Jan
v
80'%
54 3% Jan
11'% J*n
>
Jan
95 3%
176
Dec
Mar
184
Jan
.
Dec
19%
307%
Dec
1574
99
38
Dec
1774
:
Jan
1874 Jan
9
Jan
75
3174
Nov
44%
Nov
Jan
32 .// Aug"
40'% Jan
Oct
.
68»%
164% Jain
4l'% Apr
Feb
Dec
Dec
181
164
153
507/a
Nov
Aug
27%
Jan
437/«
17%
Jan
29
2274 Jan
31
Dec
Aug
60
Dec
.128%
Jan
151
Dec
2974
Jan
Feb 16
41
.
Dec
Deo
53% NOV
x
1
ear
1946
Highest
Lowest
**; $ per share
$ per share
.
Jan
196%,Nov
65% Jan
91% Oct
181% Dec
V;i5i\
Febi 6
90
17/ /
;«
145 y4
Jan
13% Mar
2474 Dec
v
69% Dec
43% Mar
116 Va
z. /
-
Sep
.
121% Mar
v
'
3174
Jan
Jan
25
Jan
25
100'/a Mar
5% Mar
Dec
Dec
140
60%
Jan
29 Ye
18
Nov
112
Jan
9
Dec
2674
/
8%/Jan-/
99 7%
Dec
'
liy« Dec
Jun
83'
Jan./
•
Nov
/49
57% Dec
20
51/:; jan
10
24'%
Jan
45
July
113
8./-114
3
774 Jan,
8
Jan!
109
20
Feb
'
4
49'%
Nov
12'% Aug
23%
Nov
97/a
Nov
9
5
.
10% Feb
.
3
.130
23'%
Sep
30'%', Oct
.
15
674 Jan
' 102'% Mar
;
Feb; 7
143
4% Jan
>
/
30%'Jan 31
15% Feb
6
Feb
9
60% Jan
17
42'% July
2
112'% Feb
13
106% Nov
2.474 Feb 14
18.
Jan
2
27'%iJa.n
4
i Jan
Dec
127% Nov.
141" 'NOV
Mar
111
53% Feb 20
107 V4 Jan
Dec
38%.July
24% Feb
.
.
10.
132
Dec
487/a Feb 21
7
43'% Jan
18 */a Jan
,1274. Jan
5974. Nov
Nov
;
108'
,
..
■:
9'..-
preferred—
Jan
Jan
133
52'
■,
Jan
1051V Jan;
139% Feb
10'
Jan
Jan
Jan
6/: ?i 113
111
8
Jan
45
Mar.
25
;
Jan
6.
Feb
Jan
120
81.
25% Jan
21
13
,•26% Jan
;
>:
29
57
Feb
97% Jan
18
,
4/
113
15/
3
' Feb
20% Jan
126
*
Jan
•
Jan
/ Jan
Dec
Dec
Nov
83%. Nov
42%
Dec
Nov/*-.
>120.
2774 Dec
>
58:.
.
94%
>
/
18%/Jan
.
*
.10%i Jan
14/.
130
.
Jan
Dec v
Dec '
Dec
27%
207/a
Dec
Jan
^131
Nov
14-74- Jan
11-
37%, Jan 29
29
Dec'
77
/
10% Dec.
'
1474 Feb
16.
83 % Feb
r59%Jan/3':
.
,
83%
45
Jan
14'%. Jan
5574-. Feb
60
/32
.
/
15
3
974 Jan
iThe'
48%
16
133'%. Jan
\2
'Feb
108
101
12
28% Jan
IS
Z 15% Feb
Jan
33'% Feb
Feb '.s. ;
Feb 18 V, ••■71% Sep
30'% July
9
;
4074 Jan
110
Apr
Jan 311
123
3 '
'55'% Feb 1021;::
1-20
5274 Deo
108% Mar
113% NOV
43 *
Z 81Vi Feb
preferred————106"/
Dec
15
.89/
28
r
139% Nov
Jan
Jan
J an
120'% Jan
14
-—
Dec
Nov.;/;:
M40
110% Jan 11
3
84% Jan
34,' ?eb
%
76 74
108 :
115% Jan
Dec
*48' \
105'%
55
3
'
Dec /
;/:i9%
18
16
Feb; 13
8
68'% Feb <20 /
37
Feb
145
9774 Feb' 20
/
Feb
3
/I15% Feb^21.;
25
-preferred---—No par
52:
2
131'% Jah
series' ft——--100
--t-50.
.
3
X2974
.11% .Jan.
25 '/♦•Feb 15
.
45
No par
RR————100/
SS Lines——
-M.
C!nrn
conv
Oct
4174
38'% Jan
122 V4 Jan
—-No par
Nichols—,^—-_No pari
—-No parr
"'ot.lon
Oct
,
fi
27%
$5 prior A
$2,25
.
54
,
14
Feb
/Autbcar,.Co.^A--^^—
2,000
33.
26
Dec
14%
Jan
Apr
Nov
130%
81% Feb
.
"
Atlas Tack Corp——
290
13 Va v
73%" 76%.
conv
Austin
.1,500
127 a
15
60 V2 Jan
.
Illinois——4——-5
preferred--^——.
6%
Dec
103
517/a Feb
112
Atlas Po.w.der/.—0; pan
-
50
118
Jan
57
Feb
Inc—i—8 /
Refining-!—'.——
14%
Jan
Jan
15% Jan 29
:jan
43
Line
convt pref
Atla8' 'Corp.
1,500
85%
-
Dec
50% Feb 20.
Mining..————20
non-cum
Atlantic
7,000
i
5%
i;
■>280
109
150
.
43'%tJan.
——100
Topel a &/§antarFe
—100
preferred——————100".
Atl.G fcW I
,
13,200
55/g
;
Jan
■79
preferred'-i——-;----i-100
preferred- r,
100
Coast
Dec
Jan
77/a
71% Jan; 10
2
974 Jan
preferred—-
Atlantic
100
35%-
;
110
12'4-
72%
,
84%
30%
16:
-*9d
r
108
"
78%
Atch
1,000
118%
2674
*55
122
31%;-
-
118;
86%
85
3?/
IT
.
55/,;
-122
125
103
9,200
"6,500
*
85%-'86%
r
Of*
89%,
-343/a
26%.
*55
-
*"84
89%
118%
:
55%. " 55 %
*122
i' no 7
'
'
'
38
"
17%
35
35%
'13%''
68 %
•82
7%. 2d/
58
48%
17u% Jan 30
29
Jan 14
128
Co———21%
Assoc investment Co
115*/2.' 116%
70; " 727/»
117%
27%
26%
r
:./■
zi
31%.
17%
108
/
82
56%;
50.;
Dec
Mar
674
4
Copper
1st
6.%
-
"20
101%
70
"
/
Dec
/
9
-
220
Dec
Jan
1074
1174 Mar
93'% Jan
291/2 Jan
No par
—.——100
Smelt*
—1 r
% Arnold Con6t}»ble Corpi---r—i^—5 •
Arlloom Corp—^;uJ^-^-Na^ Jiar;/
Associated Dry Goods--—
1
2,800
4,700
,
Nov
56'%
70
9
1,100
.
52y2
1C0
100
x34.'/a
35 ;
118
117%
2774
125
*122
123
*17%-
>•
86
k
87%
*32
34%,
*50
38
'
72'%
,38
89%
•85
89
118 4: 118
,- 24%f
106% 106%
117%
*115
,119
70
•
36
35 %
118
118
V
89v;
35%
39%
,
,
52%
97%
102%
119.
38
76%
Z;y:;73M
39%
41;
40%
*89
■
2,000
40
109%
63'%
15
preferred
No-par
7% preferred ./
100
Armstrong Cork Co—,——No par
$3.75 preferred
No pa:r
NOV
NOV
;
Jan
47
.21
120
/86 conv prior
115'
24%
22'%
4774
48 */4
.135
135
*137%, 139%;
106%
■
y:
77-Vv
76%.
136 Va. 138
106%
108%
100
48*/a
*50
52y»-
*50
*106%
55
5
27% Jan
Armour Ac Co of
Jun
87/a
XI17%
Jan
3 8 74
.110% Feb
Paper Co
43'%
Mar
91
3
—
Dec
19% Nov
Jan
2074
Dec.
974
aVirJan
96
Jun
/; 57
Jan
27
20
Copper
A/R W
1900
i 50
2iya
135
134
139%*
*138-
:
21 Viz
46
50%
141
141
108%
■
24%
21 Va
25
23
47%
■
52y8
>•♦50
// 52%
*50
24%
21 */4
140
Jan
109%
10% Jan
23*% Jan
Archer-Danlels-Midland—NO' par
55,000
»
♦54
*109
24%
'
26%
23%
•109.
«■
128
*1371/2
54%
115
53%
.
2,300
-
14'%
14
138*
138
116
*109
26
•.
55%
Andes
3,700
-
Apr
30'%
-23% Feb
Anderson, Clayton &
1400
'
9*2
Dec
27'%Dec
';/z»3%/Jan/-
66% Jan
preferred—
—25
Mining.;——i-J50
Cable—Nonpar
Anchor Hocte Glass Corp-—--.HL50
$4 preferred -i-;
No par
M0
29%
*126
125/128'
138
54 %
23
9%
29
Nov
69
Jan
,
92'% Jan117
20
ls>«"/4 uan
-85 prior conv
4;400
*22%
28%
14
13%
"
48%
29'%
Dec
105'%
10874. Jan
Woolen
156%. Dec
149
Oct
18',4
EleC——No par
&
"Nov
127
13% Jan
69
preferred—'—t—--No par
Wks
Dec
»/42'.W~©OC/
Jan
112% Mar
16
Anaconda
1,200
46%.
9%
28%
131-
138
117
•111%
139%:
♦138-;
J.30
57
27%
,24%
■:f:
56%
.1,15
28%
■/13%:y;14%;/'>-:
44
115%
Jan,
Jan
110
120% Jan
Water
67%
27Jan>
$ per share
3
82% Feb
Anaconda Wire Si
430
53
Dec
96
18,
Preferred
300
,
Oct
199
;
Jan
Amer Zinc Lead Si
46,-300
43%
*114
22
9
'85
48%
•;
46%
22
*
140
140
.142
47.
.
112 Ya
Jan
Febi 6
Feb 14
195
Feb 20
81
•
14
Corp
Viscose
American
600
23,800
51%
114
46„
./'//
*22%
9%
46%
Feb
39
Highest «
187% Jan
,
preferred—->—w—JLOQ
66 1st
•
16,700
13%
*81
81;
'
Am
U-
141
13%
■
...
American
31/700
25
89'%
183%
'
58% Feb 6
155% Febf ;2L
51
Jnn 16
-
Dec-
>"17
Aug i
Range for Previous
?^ preferred /-/^-—«^—-.—-100 •/
Anlpr Type Foundries Inc
10
54^
111
141
-13%.
114
114
."45'/a
23%
14%.
.
44 V4,
43%
-
8
8
Oct
Jan
135
10'%
50*% Feb' 4
33 , Jan 17
Lowest
;;;
440
4,500
43% -44%
44
140 -M
:
11,700
«
.Oct
Feb 14
39
Dec
557/a
Mar
128
Jan 28
Feb 16
Fano-e 8ince Jaimarv
Telep & Teleg Co—..--. -—100
Tobacco
25
Common class: B———.25
American
■
'• 467a
50 Va
51
43
43%;
'52%
*112'/2
81
-
Dec
x41
:
Amer
5,400
12074 /
*110%
46'
9%
29 %
29%
:; 14%
15 0
-131% 132%
10
29%
>: 27%,
;
-
24
24
HI
12%
13%
49
„48
23%
47%
/.
47%
24%
9%
•109
45.
*118
137
/ 81
52
*112% 114
*23%
58
55
44
55
*140
81
46%
52%
,
114
29 '%
; 12%
—
51
67
41%
43%
143%
49%
51%
54.
40
14%
13%
'
*
26%
67%
23 7%
181% Jan 15
50% Feb 6
170 , Jan 31
$ per share
2,000
162%
25%
671/2
23%
1
EXCHANGE
10,300
»
Jun
73% Jan 29
9
,r
Shares
■•«'
83
161
25%
*110 %
25%.
111
Co—.
• NE,r;v/-/• *ock
the Week
tperstwre
82%
.120%
*118
142
145
8144* .81%'
50%
./
-23%
•llOVa
46%
45
145
•
*81%.. 85
*44 '• •'•.
120%
81
162
66%
69
120%
*118
Feb.
Dec
8(K
33 y2 Feb 6
50
Feb 16
2
8
4
2
2
Jan
Jan
Jan
160
40'%
27%
2874
'
'
193%
191%
/
r
82% "83
162
X24%
26
67%
25%
•HOVa lit;
47%... 48%
*112%
.69%
24%
;
25 Va
Stove
,
.,
-
82%
82
81
83%
r82% 84
161% 162
,
300
1,200
$ per share
186% .191%
83%-
27%
*118
.
146
i9i?|i194Va
;
2,400
.
t per saart,
163
163
Feb.
$ per snare
84%
85%
83 %
>
/ Feb. 19
f-:
_No par
—....No par
—.No par
Stores—I—
STOCKS
Feb. 20
100
preferred
non-cum
47% Jan
;•
Jan
American Sugar Refining—-—--100
50'% Jan
PrAfArri»rt
'■ '•
I';./.:.l 00 -> 1471 Jan
Am Sumatra Tobacco—.No par
47% Jan
Thnrs^ty.
Wefancaay
—25
—
Steel Foundries
American
^.1,000
51
51
Amer
American
SALE PRICES
HIGH
AND
Tuesday
share
195"
.194'%
85%
85% 786
* 163%: 163%
27% : 27%
70
.70 Vx
*118;
120%7
25%
26%,
*110%. .111*
85%
*144
/
Monday
155%
6%
] 10
2.000
52%
155%
41'%
Jan
15% Aug/
.Dec
•
24'%
40*/a Feb
Feb 14
177
100
—
American Snuff---;
13.700
^.V-
•
Jan /
/:
112'%Feb) 6
par
Dec
43
94%
69%
Feb
101 /
23 *
188
36%
100
161
20%
86% Jan
20% Jan 24
2
2
97*/4 Jan
8874 Jan
par
par
145
Sep
Dec
Dec.
.
Jan
v
417/aFeb
—
.
.30 V4
35
51%
51
,
San'y
Preferred
490
175
i's'
*34
156
50%
51
193%. 194%
30
"
30
yv
400
44% ■•*45%
,45%
50%
157%
*165'/s
170
43%
15312
7,55%.
50%
165 %
45% --48 -;
36
•
55%
165 %
31 % "32,
36
:
Six
31%
*154
50
49%
-
—
9,200
481/2
481/2
49 y4
49 y4
'48 %
49%
"
49%
175
*165 Va
175
49%
49*%
50
50%
*49%
*165%
178%
178
178%
178
178'%
.178%
177%
1,130
48%
49%
64%--'66%
178% 178%'
:
—
par
71
,
Jan
Feb
20% Feb
17% Jan 3
Preferred
—100
182
Feb 6
American Rolling Mill.—__i—10 ', ' 27% Jan
3
\V%% conv preferred—
100
96
Jan 3
American Safety Razor—
18.50
35% Jan 5
American Seating Co
No par
28'% Feb 20
Amer Ship Building C?o
—No par
39V2Jan 5
Amer Smelting Si Refg
No par
62*% Feb 20
% 10
33
preferred
preferred
$5
Am Rad & Stand
129,400
22 Va
184 y4
30%
:
21%
21*/4
$6
4.600
4,200
93%
92%
93
91 y2
100
No
No
No
No
—
.•
35% Jan 2
173/a Jan 3
35
Jan 3
140
Jan 24
73
Feb 13
1074 Jan 3
No par
Co
News
Amer Power & Light
44,400
104
103
101% 102%
107
Ltd
preferred—
6%
American
1,350
a*.
1678
16%
16*/a
'
110
145%
-82
80
80
15%
16%
*142%
1451/2
80
•
No par
No par
No par
F iy Co
4,200
96%
35%
98%
Amer
18 V2
317%
*
188
7%
200 '
36*/4
5,700
—1
Locomotive-..—--No pur ;-"; 35%/Feb" 20
preferred
,——100
115*/4Jan 15
1.3%'
/
par;
American
33,300 /
*117%118%
100
Dec
11%
:
26"
Feb 8
Feb 8
Feb:-4
Jan 2
Jan 11
Jan 15
Jan
17%
103%
15%
13%
51• 44%
118%
41%
liya Jan 22
99% Jan 21
13
Jan/ 3
1274 Feb '20
4974 Feb 20
par
preferred^———^-^-5tt
conv
36
20%
22%
22%
/5 %
18%'
92 '/
,
230
/.
36*/a
*142%
''
83%
101%
99
98%
/
35%
"
.
143
15%
.
900
'
.
18
19%
35%
13
36
39%
38
39%
2,300
49%
>'•
48%
|
■
13%
49%
"
Ice————No
preferred—
Amer Internat Corp
;
No
American Invest Co of 111
6%non-cum
'
Dec
,
42'%
-
American
300
104
'
Dec;
/
.
35
Jan
iz 4374 May
103'
AUg
—
11,900
15%
15%
.
*100
103
140
,
37%. Jan
—
400
*
107%
100
100
151/2
.is-;.•100 -
23
,
900
106%
106%
Jan
—
-
15,900
60
60
56
108%
108%
50
*184%
188;
36%
'
35%
12%
13%
17%
23
22%
*184%
11%
-
50
56'%
113%
Dec
1047/a
Jan
—
900
2,800
47%
..,
15,200
.
1081/2
108%
*12%
81
•
36%
127a
.143
:
36%
13%
81
18%
700
119
*117
Dec
38%
—-
3,600
32,000
.
im
12%
16%
99%
v
11%
13%
79 %'
110
109
10%
41
'
48'%
20% Jan
:
1.200
19
-
13
X38% / 38%
79%
,
*18%
40%
14%
xl41%; 142
146
77%
7,800
$ per share
102%
-
4.800
»
.
'
104
19-/8
39%
39%
*143
•
'49%
10*%
48%
55
38%
20%
19%
10 Va
12%
*117%
39%
39%
r'/':''//;;;';, 140
14" :
39%
119
*117
108 Va
52.Va
10
110
*107*%
15%
i5%"
so-
*50
41%
108 %
15%
*12%
750
"
50
1,000
|:13/';;/
15
15%
28%
36%
35%
•
28%
118
118
59
*101"
1C3
'
15%
12
300
'/
70
*66
11%
9%
109% 110%
16%
15%
26 Va
51'%.
11
*55%
111%
■
103
102%.
102%
'•
•<
*
51
19 y4
60
11'/*
300
r
11%
52%
52
890
36"
-
.111%. 112%
111%
400
26%
..
37%
110
110
49%
50%
•10'
11%
39 '
137
142%
119%.
119
120
% "37%
134%
142
143
40
11
12%
12
120
U9% 119%
38%
39
6,400
9%
.19 y4
40*%.
20
40
42%
42
37
50%
10%
,19%
7,900
64
■
Highest
/
$ per share
.
46% Jan
4
-
130
,
$ per share
$ per share
.
.
180
38
40%
19%
•
19%
•.
5,100
63
53
7 9%
24,300
.
96%
207
;
*128
25%'
*63%
66*%
28*%
29
*108% 109 yy
108 y4
10%
10%
11
19%
207 *
25%
30'/a
108 >/4
14%
14%
«4"%
t
50
63%
141 */4
66
*29 '%
52%
10%
:
*62
30%
108%
«///
{
69
30
:
14%
66
204
4.00J
134
134-
134
.
129
«35 v
37*%
137% 137%
25%
25%
/
4.100
52%
61%
139% 143%
26%
*65
;
139"
.
144 :
26%
26%
*125
38%
139
37%
109
109
54%
J v.
128
.
143
,
par
No par
Stores Dorp
,
4,400
180'.
80
*78
'
6,300
78Va
.
35% ; 37
52%
204,
65%
129"
63%
67
.77
26%
93%
'
97
204
y 130
38% ,39%
146"
146
31
31
»
204
66
27
71
*26%
,96
600
1,400
;
53%
14%
15%
14%
,
.
66.
-
25%
'.
*132
134
203
130
146
143;
V
16%
97%
203%
204%
67%
131%
39'%
66%
1
,
6,800
52
54%
*131/
134
15%
97
204%
I.
52%
96y4'.
16%
96%
.
25
56%
/
10%;
24%
f 26%1
28
55%
*131
80,
7ft-
1,200
134%
134.
'""4L\ '41 */4
77
36 Va
80
34 %;-
35
*57 ;
i
'41
74%
...
3,300
9*%
39%
36V2
127
*33
133
133,
76%
'79'/ ;
,
21,300
125%
65
*58
65
27 »%
56%
57%
134
^*131 •
;
;
5 l.Vft-
10
9-3/'a
135
42%
35 Va
80
,
800
34
73%
■:
37%
37%
'
34
42.;
80%
107%
125
*58
43
;:/•
76
124
135
13944-'
*42%
43 %
\
.
68
55
49
126
34
35%
9%
10 Ya
10%
139%
'
28
35%
,
50%
51%
124
:
•106%
49%.
108
Lowest
5 * 55 "Jan 29
4% preferred-'—IOO-wj* 104%.vJan,v 3;107 h Feb .vGj
Alux-Cnalmers Mtg>L———No par
,49 -Feb 20
5874 Jan 15
4%. conr preferredl.^-^l^-—.100; t
124 Feb 19: ;146 y Jan 15
Alpha Portland Com—par /31 %: Jan-.. 5 /
35%.Feb l6.
Amalgam Leather CO: Inc——-1
9% Jan ■ 4,
lL/a Jan -.17.
6 % conv preferredu—
50
- 65% Feb
6- ; 7t ; Jan .17;
Ameruda Petroleum Corp
.No par
133
Feb 20
153/2 Jan/lO
Amer Agricultural Chemical-No. par
- 3974 Feb 20
45% Jan.. 30
American Airlines
5
71 , Feb 7
; 86 Vt Jan
9
*«.ciican Bans Note——^-10
; - 34*/4 Feb 20
>>; 4t >Jan—9
6 % prefprrfd .ui
»u, -.iCn
''i/l-'Afl''- -. 78 ? Jan; • 2. - < 81% Jan 28
American Bosch Corp-.————1'21% Jan
7- • 30 . Ja« 14
Am Brake Shoe Co
No par
50 ; Jan 21
57% Feb 16
5y4% preferred
100
133
Feb 2
13G Jan 25
Amer Cable & Radio Corp———1
14
Jan 21
17%
t•
American Can
25
93% Feb 20
106 /2 Jan 15
Preferred
100
196 V2 Jan 10
207
Feb 21
American Car—A Fdy-—par
61%.Jan 3 . .70% Jan 16,
1%» non-cum preferred-—----100
.12iy4Jan 10
132 Feb ;5
Am Chain s Cable incv'wJ—lVa par
35 , Feb 20
407/a Jan 10
./: 5%' conv preietred——>»-»«—!
134 ya Feb 21
150 • )Feti /1
American Chicle
—No par
139%.Feb, ?19
155%-.Jan 14.
/American Colortype Cow-*j—^-->10
24% Jan 3
297a Jan ^9
4%% preferred—50
, 64y
Jan -3.70., Jan, 18
American Crystal Sugar———;-lU
24*/aJan 3
32Va Jan 28
6%
1st preferred
100
105'/2 Jan 2
109 Feb 16
Amer Distilling Co stamped
20
48
Feb 11
58
Jan 23
American hhcausue/.Tiilng———-1
8 2 1 Jan 3 •- 11 /4.Feb 15
Amer European Sees
No par'
18 . Jan • 4 .>■ 20%<Jan 28
American Export Unea. Inc—1;
37. Jan 4 . .43®%-Feb 11
Amer & Forelgn Power——-No; por
. 6y® Jan
3
I4V4 Jan; 28;
$7 preferred...!-—
——No par
113.-. Jan 7
124% Feb 9
87 2d preferred A
No par
33*/4 Jan • 7
43y2Jan 30
$6 preferredNo par
108 Vz Jan 2
113 Feb 6
American Hawaiian SS Co
-—10
47% Feb 21
55% Jan 9
American Hide & Leather—
1
9'/4Jan 7
127/a Jan 28
6% conv preferred-.50
55
Jan 3
63 rJan 28
American Home Products
—1
104'/2 Jhn 3
112
Feb 7
Allied
15,800
..
,.
f
Shares
/
1
52
51%.
Range Since January 1
'.Lowest'■
.Highest;-.-;.
/
-
EXCHANGE
the Week.
$ per share
$per share'
share
*106
107
50 Va
35
{■: *141% 142%
49%
106%
130
128%
131%
35%
35%
; lO'A : 10%
*60% ' 68
131%
YORK STOCK
NEW
.
$ per
52%
% 51 %
53%
52
■/--Feb. 83.;;-:-
52%
51%
.
107%
j
Feb. 81
Range for Previous
Year 1945,
STOCKS
-
-Sales for
Friday
Feb. 20
•
Thursday
t per share
54
52%
53%
5274
Feb. 19
$per share
,
Wednesday
Tuesday
Feb. 18
Saturday
Feb. 16
SALE PRICES
HIGH
AND
LOW
2
5'% Jan
'•*-/.-■ -5874
Dec
v
63
* Dec
".
B
r.
.
".'
3674
•2774 '
'
46%
*22
•
70
42 3 4-
52%
*53
For
\ y\-:../
3774
Jw. 35'%
36%,
33%
35
27%
'24%.
26
26%
28'%
4574
46%
23'%
793%
4274
52%
55
r
i"
46%
43- 45.
2174
21%
20%/
79
80
79,-'.
41
42
40
52.
*53
•
footnotes see- page
Jbty*
34%,
27,900
25%
25
25%
44,300
11,100
44
42
*20%'
40%
-40%
79
>
48%
*53
1047.
'
34%
22
79»/4
" 5274'
55
;
•
33
2Wa
V
"
55
*53
42%
43%
21
21%
/
21 yz
Baldwin* tocomotive' Work»——'-13?
Baltimore & OhiOi————100
4%
*.—100.
Aroostook—>———J50"
preferred——
100*
Asphalt Corp———10l
preferred—
77:,/-; 78%,;;/
Conv
41% "/•
3,100
Barber
48%
49%//
2,500
Barker Brothers———/-No
55*/4
55%
41%
41
48%
55
40
4'%%
—^
16'
1174
39'% Jan
3
-'46% Jan
25
19'%. Jan
20'%-Feb
19
'.'25
;Jan > 3
^ Feb 19
/• 84
75
5%
preferred
30'% Jan
'
-
Bangor
///
30/
3,9
33
Si
600
200
79
-
40
*
Feb n
,38 ; Jan
50
,24%^ug;
3874"Jan
,24% Feb
:
,2
Jan
9
53
!/
Jan
Feb
9
4
4974 Jan
9
54<
r
Jan
55'% Jan
J&n
127/a Jan
66/,
Mar
29'% Aug
28,-
17% Jan
23
52%' Dec
35%. Dec
28 y8
Jun
447/a
Nov
23".
Jun/
?.
Dec
81
•52%. Ded
'42
•/ Dec
54"/'
Dec
.Volume 163
-
Number *4467
5
THE COMMERCIAL & FINANCIAL CHRONICLE
•
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES >>:'
Saturday
Monday
Tuesday
Wednesday
Feb. 16
Feb. 18
Feb. 19
Feb. 20
/E.;/%•:$;'■>;
25'
*..$ per. share
$ per share
.
*
$ per-qhare
per-share
<
$ per share
$ per share
>,
STOCKS >:•'■:
NE1^ TOKK, STOCK
the Week
-
.
-
EXCHANGE
Sharps
/
36%
37%
44%
24%
37 >
44%
65
211/4
21%
41%-
145
*139
V
*137
22
32%
30
31%
29%
29%
30%
*110
56%
56%
55 %
32%
38%
*31%
38%
162
*72%
53%
,•
102 Vs
102%
160 '■
160
71
-
72%
■
/
41%
41%
30%
28%
29%
34%
34
34
32%
32%.
*33
*43%
*112
112%
31%
32%
69%
69%
45
*106%
t
-
39%
•185
52%
52%
51%
52%
52%
50%
52
10
10%
9'/a
62%;
62%
.
200
52
10
60
31
31%
*59
65
Best
Steel
Blaw-Knox
200
40
Bon
Ami Co
Class
•
•
88
*75
28
88
28%
30%
*75
29 >/4
*75
88
19%
20%
18%
19%
17%
19
171/4
18
13,500
52%
52%
51%
52%
49%
51%
491/8
50
10,100
59
59
57%
57%
56
56
54 >/4
55% ' '
1,600
43
2,500
'
43%
44%
*111%
33%
43 %
114
34
43
44%
*111%
34%
*36%
108 %
•107
35%
*34
35%
•
34%
23
22%
*124
22%
* 126.
*125
25%
23
32%
321/a
36%
37"
*107
108%
35
Jan
30
Aug
35%
17
Aug
28%
Dec
6
65
Jan
98 %
Dec
Feb
18
127
Jan
29
2
*162
Feb
20
77V4 Jan
2
413% Feb
15
30 % Feb
16
35% Feb
8
30
•
'
Jan
8
38% Jan
19
Feb
65
113
2
28 Ve Feb
'•
Dec
25 ¥8
Dec
Jan
32 y4
Dec
;18%
Jan
21%
20%
*125
1,000
10,300
1
;17%
9
28,800
98
98
98%
97%
S6'/a
98%
96
96%
680
27%
28
26%
21%
25
25%
23%
251/8
17,900
42
42
41 %
42
43
43%
43
43%
44%
45
42%
42%
*103%
111%
19%.
*92
19%
14%
94
*88
90
14
29%
*42
.
13%
9%
9%
-
108
107%
35
29%
•
/I.
108%
12%
5,400
Bush
20
Jan
78
Dec
Feb
109
Dec
Apr
67%
403% Feb
18
40 ¥2
190 V2 Jan
14
247/$ July
114
Jan
543/4 Jan
6
-4
3
:3
Jan^lT
56
33¥2
>
140
Bush
•:>
27
28%
9
8
,
32
29%
9
173/4 Mar
■»
Monday
Feb. 16
Feb. 18
tper share
$ per share
$ per
1,700
7%
12 «/4
V;
37
:•
f:
37
128
>'
58
4
45%
56
56
*55%
7%
7
63%
45
128
*56
43%
56
;
'
'
•
FriiS'df*"
Feb.
Sales for
the Week
$ per share
*56
22%
65%
.21%
'19
$ per share
.
%
22%
64%
18%
*55%
56y4
*55%
133%
133 y4
52%
52%
52.%
32%
'.31
*77 c
>■
80
10
>
471/4
181%
>'
56%
;
133 y4
49-
51
73%
74
11%
44
*56
57,400
2,500
-45M>
127"
58
i8y4-
63
,
>
10
88,800900
18%
*55%
56%r
290
63
*17%
-
3,600
■
;
21%
-
X20%
213%
633/4-
*
8%
■
133
1,090
56%
200
132%
47%
47%
210
-1321/2
—
48%
28%-29V4
563/4
9
29%
>-' 74-
*72
57%' '57%
*73
8%-
29%
46
44%
*180
71
/
64
'
43%
181%
1,000
9
59
107%
t
107%
,160% 160%
,
44
44
180
180
,•
73%
60%
107%
4,300
44%
*180
>'
67%
70%
67%
57%
-
/
4,000
183
59%
60
20
69%
4,200
60%
-
11,000
108
107 5/8
108
160%
160%
159%
158%
158%
28%
29
28
29
26%
27%
25'
26%
26%
27
21%
213/4
21%
21%
21%
21%
21%
21%
21%
21%
28
27%-
28%
»■
26%
27%
26%
263/4
263/4
27%
1,690
4,260
115/8
12 3/8
12%
12%
13,700
11%
1603/4 1603/4
;
i•
;>
.>>27%
13%
13%
13%
13%
>/ 11%
13
12%
12%
12%
>
*115%
117
*115 %
116 y4
21
21
20
t
41
42%
32%
41
,1/ '42
158
/
123/4
116%
;p?:
*107%
12%
125/s
>;
*3i%
.
.
*115%
t
40
;.
20
31%
'31%
"
29%
31%
49 Va
44%
20
18/
19
109 V*
■
109%
*39
40
50
*109
/
48%
114%
♦102
/
38
49%
112%
105
1:
19%
19%
63%
20
63%
15%
16
25%
25%
•24%
//' 15
49
113/
110
25
:
15%
14%
14%
33%
33%
32 y4
33 ya
40%
39%
40%
34%
35%
78%
78%
14%
"V
:
,
40
32%
22%
13
'
43%
:
/
24%
-
58
:
67
*66%
I:
23%
>
*66%
'<
23%
22%
22%
23
14%
:
77
40%'
>
73
74 %
35%
/
23 •>
57
V- 67
>21
.
-
14%
22%
14%
21%
14%
13%
49%
•47%
49 Va
135%
136%
116.
54%
53%
:
34y4
33%
132
130, v
^113%., no'/;;
54 \
V 53
33%
34%
■
•
82
82
*80
81
♦106
110
*106
110
23%
24
23%
,/
23%
footnotes see page
128
r
*113%
;
51%
33%
80
-
—;
Fof
1,000
45%
6,600
19%
67,100
HO
*106
20
35%
Jan
3
Jan
2
36
Dec
July
112
Nov
15
>21
Jan
■
..
47
/
47%
•
f
STOCKS
■
.
4,.W:..-
YORK
15
; Feb 21
23%
11
:
23 y8 Feb
130
22%
583/4
59%
14%
14%
/
15
24
>
900
>
600
15%-
24% >25%--
/.•
:
20
:/
if
31;
37%.
313/«
76%.
.
13%
■:
■
-14%
31%
>
133/a
30 y4
14,400
4,900
3,800
31%
*38
38%
313/4
,
>
EXCHANGE
Nov
20%
Dec
Nov
10¥8
Jan
99 s/8 Jan
74%
Jan
97
Oct
Jan
21
28 y8 Feb
10
Jan
24%
D=c
3
45 y4 Feb
22 ¥2
Jan
37%
Oct
Jan*
45% Jan
38% Jan
;
29
18%
Jan
39%
Dec
16
30 Va
Aug
42'%
Dec
14
203/a
Apr
393/4
Dec
Sep
111%
Dec
Jan
203/4
Dec
109
Jan
Jan
;105 '
14
20
4
20
9
13%
12V2Feb20
153/8 Jan 29
■>
90
94% Jan
8
91 ¥4 Jan
9
>77% Aug
59% Mar
4
32 % Jan
29
24
1093/4 Jan
3
105% July
9 % Jan
6
>3%
35 ¥a Feb
IS
Jan
10
99 Va Jan
M09
2
Feb
Dec
Feb
'45
3
17% Feb
25%
,
46% Jan
4
15
:
29
Jan
15¥8
Nov
95
Nov
El
Nov
27%
•
Dec
114% Jan;
Jan >7
36
20
7% Mar
:
:
■
>
?'*'•'-: *>.!"•
.
>
'
i
,
Range Since January 1
Lowest
-
^
-
<
110
>'•
Jan
Oct
IVa
Jan
Aug
22% Mar
>39
Dec
28
87
Dec
101V2
Feb
Nov
Range for Previous >
;
Year 1945
.>
Lowest
Highest
par
Highest
- ?:>/>>/
-
$ per share
.
>
•'
•*■"
/.
.-
«
"
'
.
Corp
-4Vt>
10
28 Va Jan
.—50
> 703/4 Jan
;—
—
preferred
Preferred
series
50
;
56% Feb
Carriers & General Corp—j——-1
Case (J I) Co__:
25
'
—
Caterpillar Tractor—
Oelanese Corp of Amer
$4.75 1st preferred
-7% 2d preferred
Celotex Corp__
1
5% preferred
20
Central Hudson G & E
111
Lt
4%%
• \
Cerro
de Pasco
Copper
No par
*
..No par
Products
Apr
>
«y4
.
16
7
Jan
24
Feb
9
21
$4.50
preferred
No*
—
;
47
Mfg—
8 ;
Chesapeake Corp. of Va——^^-5 ■
Chesapeake & Ohio Ry
25
Chic & East HI RR Co^.^.No par
Class
A
Nov
Dec
104% May
/
54% Jan
9% Jaa
-
20% Jan
Jun
159
Dec
Jan
14% Jan
25%
16
18 y2
Jan
21%
Sep
15.
20%
Apr
.31%
Dec
Jan
113/4
Dec
; 11% Nov
'V 109% Jan
115 y4
Jan
17
Feb
4%
29
16
Jan
110
127
14
dan
.10%
25
21
Jan
Jan
32%
Jan
50%
Dec
Jan
16%
Dec
Nov
18% Jan 23
26 ¥b Jan
Dec
Sep
33
Jan
55
Oct
112
107%
14%
2
2
180
Jan
41
16
2:
Nov
21% Mar.
11
63% Feb
Jun
40
L08
31
5
Feb
20 y4
7
28 ¥a
Jan
13% Nov
Apr
Mar
10%
1083/4
111
Dec
33
1Jan 17
114
Dec
71
66 %
51% Jan 15
Jan 21
Feb 21
Dec
Dec>
175
Jan
Feb
4
34
51% Jan 16
20% Feb 16
1193/4 Jan 10
* Feb 19;
193/4Feb 18-
_40
;
.
Jan
Jan
3
42%
95
v
10 >
46%
Jan
473/4
16
43
6% Jan
35%
152
24
110
par
Checker O'ab
Nov
Nov
37 Va
23% Jan
7
333/4
82%
'
15
13% Jan
2
Dec
15
Feb
116
3
49
Jan
Oct
Nov
Jan
213/4 Feb
28% Jan 24
42% Feb 20
Dec
58
Jan
:
29
2
Dec
Nov
21
135
59% Aug
8
161% Jan
'
20%
,
1163/4 jan
■;/ 32
Mar
16
29 % Jan
52
;
Dec
72
Jan
Jan
Mar
"
13% Feb
-
48 y2
.
\t 11
2
Jan
56
>103/4 Jan
16
4
109¥« Jan
Oct
Dec
Jan
103/b Jan
:
45%
128%
.47
..
Nov
Nov
Feb
113 3/a
7
Jan
Dec
9%
32%
Jan
6
Feb
4
31
17
Jan
Jan:
Jan
Dec
Apr
56
Mar
Jan
29
14% Jan
—-1
//;
43
20
5
9/
373/4 Jan
Century Ribbon Mills-3
Certain-teed
3
V
Jan
109% Jan
11 ¥2 Feb 20
112
Jan
7
17¥4 Jan
3
Corp.No par
preierred__iOO
100
Jan
Jan 28
26¥8Feb
1
1 ¥4
2
77
2
s—No par-
>3
16
Jan
:66
3
2
Feb
12
-3
22% Jan
' 20% Jan
Sep
;
Feb 11
47% dan
183
20
.155 c Jan
27%
52%
Jan
^
4
/10 3/4 Jan
3
107 ¥2 Jan 31-
'
$ per sham
'>/'■>
4
575A Feb
.No par
100
Jan
Feb
60
67 Vt Jan
..No par
Co
Jan
175
1—No par
No par
Central Ag*alrre Assoc
Foundry
100
—
t
$ per share
34
dan 30.
81% Jan.28
4
3h;
20
8 y4 Feb 19
43% Jan /4
-
-Preferred
,
.*
2
> 47%
Packing
_No par ^
39
Jan
preferred——
——SO '
54
-Jan
7 -:/>•, 57%
Callahan Zlnc-Lead__
u«
..1
3Vt Jan
7-1.^,7%
Calumet & Hecla Oon^ Copper7>1 -123/4
5
>
8V4 Jan
Campbell W & C Pdy
-_No par
2»m 3.7 y4
31 ; Jan
Canada Dry Ginger Ale common__5
49%
42% Jan
$4.25 preferred
—No par :
131
125 y2 Jan 19
Canada Southern Ry Co
58
100
'
53 y2 Jan
Canadian Pacific Ry
22%
25
19 V# Jan
3
Cannon Mllls-^—....--—
No par, '
"67%
63
Feb 21
Capital Administration clas$>A^ ; * 17% Jan
21
4>
$3 preferred A—
10 s
57
55% Jan
4
Carolina Clinch •& Ohio Ry134
100
126¥2 Jan
2
Carpenter; Steel Co——5
46'A Jan 21
53%
Central
,
;v
6%
Central
.
„
$ per share
California
Carrier
„
'
C.
,v-/t
7,500
.?
39
/
11,000
39%
11,700
39%
73%
73
74,
33%
34%
'
-•
6,400
3,200
58
*56
57
Chicago
36,200
34%
*56
5%
2,400
75%'->
33%
65 3/4
66%
*21%
20 3/4
•
51
21
126%
128'/a
*113%
79
*77
110
*106
'
'
>
21%;
22
•
22,600.
9,000
3,000
150
.110;
"
22
A
PI P
3,200
;
Co
vtc
Chile
Jan
22
Dec
Dec
475/a Mar
;
58%
Oct
153/2
26
Jun
12%
Jun
12%
Jun
Jan
6Va Mar
28
Cotton
Stores
3
38% Jan
29
3
823A jan 28
43% Jan 17
69% Jan
par
37¥4Feb
19
100
69% Jan
4
76% Feb
16
33¥2Feb 20
56
Jan
3
63 ¥4 Jan
4
21 % Feb 13
373/4 Jan
6
par
par
par
par
par
25
8
Cinn G & E Co pfd 4% series—100
C I T Financial Corp
No par
City Tee m Fuel
No par
City Investing Co
No par
5%% preferred*—-———100;
City
S
29% Jan
-
<;
5
<
y
19% Jan
5% Jan
25
16
Jan
13
36
10
-No
17 ¥4 Jan
33% Feb
2
3
Feb
100
Oil
29
Jan
3
..No par
preferred
Copper Co
Chrysler Corp
9% Jan
50
5
Chicago & Northwest'n wi__No
5% preferred w 1;
Chicago Pneumat Tool
f.No
$3 conv preferred—^
No
Pr pf ($2.50) cum div
No
Chicago Yellow Cab_i
No
Chlckasha
33%
80
Milw St
Series
50
—^
Order
IChilds Co
190.
52%
■)
Mall
3,600
116
51%
*33
33%
77
/
463/4
/
200
Chic
preferred
1,100.
14 '/>
52
*106
22
133/4
116
:>/:;33;>.
.
-
/
-
46 3/4
130 >
.*113%
52
22%,
-
600
560
133/4.
*453/4
125
22
21
66
47
13%
;>
.
Chicago Great West RR Co
4,000
;-u
323/a
75%
.
*21% .22.:,
13P/4
23
40
128
Jan
26% Jan
22
f iviS
Chain Belt Co^—....
'..No par
Champion Pap & Fib Co—No par
>,
20
116;
34
Jan
123/4 Mar
120
Jan
'
>>>■-
STOCK
.8% prior preferred——w-160
1,900
160
-
>•
95
20-
66
22%
110
35% Nov
.
Feb 20
Jan
3
Jan
31
Dec
Dec
106
373/4 Jan
3
900
37%
59%
■»
1047.:
37
38%
713/4
:
80
^
59%
14
108
21
Feb
IO8V2 Jan
'
Nov
40 % Mar
16
Dec
52 y2
Feb
39 y4 Jan
7
Feb
39% Jan
-
Dec
19%
35% Jan
24Va Jan
10
110
75%:
143%
48%
♦113%
29%
18%
95
30%
,v
22%
40
22%
36% Jan
108
Central Vloleta Sugar Co-^
,110
37%
/
67
49
V
20
44% Feb
112
3
1,900
.
14%
.
9
32%.Feb
tCent RR of New Jersey
95 ,/i
13%
31%
i 57
67
;
10
80
-
39%
32%
34ya
;
'
30%
•
58%
20
22%
15/ ''
37%
;•
76%
:
471/4
*19
76 >
!
36%
58
<
75%
36%
<
37
35 Va Jan
? 110% Jan
Jan
1,800
58%
20%
613%
30%
78%
41%
43%
16%
37
57
15
6
40%
*109
j
113
95
38
:
.33%
76%
'47y4
110%
•
76%
4,000
29%
363/4
'
59%
>
/■
96
*19.
15%
36%
113.
95
) 62 /;
20
59 % Feb
5
20%//
44%
'.
18%
>109
39
X47%
112%
102
62%
120
115%
*40
30
///IB,.?/
110;
13
Jan
373/8 Mar
>
s
40
102
*112%
15%
44%
46%
19%
>
">v"'-/'
49%
40
42%
;
47%
•109% 110
/'
20
38%
28%
400
10,500
-
i 12
115
19-
'
20%
*39%
12 Va
116y4
18"%
40
'
Feb
Jan
•
i8ya
493/4
49%
19%
11%
*115%
"
20»/a
28
109
NEW
-4%%
;
57%
—8%
85/s
13,500
75
-
57
57
1,300
•
74%
62
103,800
33
-♦125
-
18%
56 Sv
46%
30%'
*72
47%
*107%
56 /
i
-*132%
"
.28%
181%
74%
.74%
..
-
11 >
20%
/
19
*55%
133
9%
46%
♦180
7"
323/4
11%
63'/a
.
64%
'
78
64%
63 3/4
'*107% 107%
I:
56
31
9%
10
47
BO
"
57%
57%
*180
>
30
*75
3
59
>*58%
y.
-
4,200
56
6%
6%
433/4
44 ->
*125 - ; 127-
-
21 %
64
56%
133%
53
'
/ 20%
53% Jan
100
Shares
44%
*551/8
313/4-- 33 V4
..
127%
'58
>
19%
64%
43
57
10%
';
45
44%
127'%
133¥4
fv
•.
58
3
preferred—
'
"
%f' 46 %
20%
-
36
AlVi Jan
<47
>10% Mar;
.
:
-'-•:Feb. St
43,...- 44 y4
11%
127% 127%
20%
>
11
33%
*56
;65%
22%
6%
■afer
46%
46%
,.
!
46%
6%,
7%
12%
■
25% Jan
■
■-•Thttrsday;
$ per share
share
45%,
'56
"
.
56
16
85
10
j
.46%
46
*55%
1
29% Feb
.■-••
7;
Tuesday
Wednesday
•
Feb. 19/.///>', Feb. 20 ifc*
//:
■
Feb
3
common
LOW AND HIGH SAtE PRICES
Saturday
v
21
No par
Participating preferred—'.
—100 .'
Byron Jackson-Co
No par
350
i>
/Jan
16% Jan
100
Zinc
Dec'
8
2
Copper &
Bv«r» Co (A M)
Nov
Jan
34% Jan
75J/4 Jan
Butte
9,700
.-t,>i,::'
31%.F/
/
31
v •
r4%%
15,700
31
105% 107%:.
...31%'
V/,./
100
59%
37 ya
62
19
preferred—100
Butler Bros
5,000
111-////
8%t
,:• *109
Jun
21
72
———.,.1
!
Bldg 7%
Oct
Nov
Feb
•
No par
preferred
Term
45%
55
& 10%
-
>
Dec
Apr
Apr
5¥4 Apr
42 y4 Jan
*
11% Jan 23
Dec
Dec
191
36%
28
new—____15
Terminal—..
6%
87
107,% 108 ■
32%
34%
12%95
86
29
30 '■
>
15,800
*92
8Va
9%
33%
35
281/4
32%
7,400
___'
181/s
Inc
Dec
49¥2
54'% Feb
Bulova Watch Co. Inc
J.
__5
Burlington Mills Corp common—1
>4% preferred
;/.—.lOO
Burroughs Adding Mach
No par
88
*109/111
32%
2,600
94
■
871/4
111
108
•
•
1,600
42
40%,
111%"
17%
*92
200
39%"
♦1081/a
18%
13%
v
9%
35%.
40%
111%
89
28%
40%
41
39
18.
12%
•.
94
*109
43
*37
.*103%
19%
14 Va
88
109
34%
111
!
94
30
109
19
38%
40%
>
41
42
42%
39
39%
43
41
*108%
<
37%
r
Co
Dec
34%
52%
jan
53
Dec
112
Apr
95
8% Jan
,'
Brtins-Balke-ColJender——.JNa par
34 •
Bucyrua-Erie CO—,
18%
1% preferred—/ 120 :
Budd (E G) Mfg—7——i_No par > 21%
$3 preferred
No pat :
93 «
Budd Wheels.—-,——...«j»No par
22 Va
Buffalo Forge ';Co——.-w—».30%
Bullard
^—.wm.^.No par '
37%
126
21%' 22%"
23
Shoe
42 3/i
Xl08% Mar
,
Dec
3
Jan
48
38
Jan
7
44% Jan
.
72%
Jan
•
12
68
5
Jan
13 Va
Jan
108
28
179
Nov
Jan 17
7
Jan
i.-—.-100
155
•20%
28
73l/2 Jan
Dec
23
6
Jan
333% Jan
19
104% Jan
62
48
>
46% Jan 23
3
109% Jan
-
„/l ■36% Jan
$3.60 preferred
50
34
19%
126
Brown
600
108'/a
34
.21%
1,900
Dec
19%
22 ¥a
1133/4 Jan
Briggs & fitratton——....No «er
Bristol-Myers Co New
^._>__2.50
3%% preferred
w—UOO
Brooklyn Union Oas,
No par,
114
33%
*125
24
*111%
37
19%
21%
126
24%
114
32%
37%
37%
35%
34%
37
*107
*36%
42
43
*111%
114
Nov
16
33yiJan
Braniff Airways Inc_„
i
2.50
Brewing Corp. of America_.
IP
Bridgeport Brass Co
i.No par
Briggs Manufacturing
.No par
81
Dec
63
17
•
(assented) .100
Bower Roller Bearing Co_/—
l5
7,500
Dec
109%
14
/> 22% Jan 21
Boston & Maine RR
700
.
>
31%
Dec
Nov
35
Jan
;v ;
*75
30%
24%
29 %
y
40 % Jan
L8
(The)4——
Borg-Warner Corp
!
1,300
Dec
28 % Jan
7
3
Borden Co
9,400
,
473/4
Dec
*
2
100
common..
May
Aug
103% Sep
;
Dec
42
136
20
__No par
±.No par
—
32% Feb
Jan
12%
17%
Z
<<
:
18
6
149% Jan
par
8
Brass™
12 %
V
17
>,,93% Jan
a
class A
preferred
Jan
Jan
Jan
^
58
Apr
23'/a Feb
par
B_
112
4
Dec
Jan
/ 31% Jan
.
No pat
.No
Bond Stores Inc
5,300
.
51% Feb
Airplane Co_.
4%%
•
25
UNo par •>. x67
"'
7,000
28
108% Jan
9%
28
__100
Co
Bohn Aluminum &
190
130
Jan
35'/a Jan
28 1
55%
110
Aug
114
21
23 V4 Jan
1
Blumenthal & Co preferred
Boeing
35
14
33% Jan
1
Laughlln Inc
Bloomlngdale Brothers
180
15
140y4 Feb
3
par
Bliss &
16,100
1,600
>43Jan
3
(Del)»i..^A*o.por
preferred
Blgelow-Sahf Carp Inc
Black & Decker Mfg.Co
2,900"
22% Feb
5
25 % Jan
7.,
7%
33,000
66
No
Jan
Dec
3
26Va Jan
i
r
—
36
xl06
,
5
7
20
Feb
Dec
Nov
31
100
:
Loan
25
24%
>47
?7% Jan
7
Feb
8
Indus
Bethlehem
110
1063/4 Jan
19% Feb 20'
.
Jan
14% Aug
17
10
;
Aviation
Foods
14% Jan:
,
-Jan
': 67% Feb
21
16%
$ per share
'
47
4
Feb
39%.Jan
127
Jan
_)
Co.
preferred
Bendix
Beneficial
900
29%
;
par, r
Corp
Howell
41/4%
/;/600
r
60
&
36,200
63
63
*61%
-
Aircraft
Bell
18
56% Jan
Highest
.$ per share
2
.39% Feb
4
104
,
Belding-Hemlnway/ii&iw-JVo
25% Feb
4
>106% Jan 10
50
Bell
6,100
,
112
'
RR
##4.600 / Best & Co_-—
106% 106'A
/106%-106%
-
63
39%
"
60
65
,
107 v
107:'- 107
62%
39%' "40%
195
29%
Creek
9,100
160
*111
29%
"'""65
.
28%
28
2
40% Jan
Beech-Nut Packing Co-,
2,000
>
'j
106
106
/
*62
63%
33%
38%
'
38'/s
38 %
38%
38%
39%
38%' •
*180 '
195
'
195
'
*180
195 >
: *175" ; '195 "t"
/
50
<- 50
r
51%
•
48%
48,% ' 49%
49 v 50%
46
47%
,/47%
50% < I ' 46 ,* , 48% '
"; " ; 48 . ,49
9 J/4
9%
8%
8%:/
9%
8% ;>
9%
;9%
•
57
59
"• >. *55'/a
*551/2
56%
: 54%
55%
56%;
■
107
r
62%
40%
*185
69%
107
43%
112/112
112
112
.
Beech
20
^
>.
par
$ per share
20% Jan
,
preferred_^>.100
1,900
68
68
i 38%
39
' 2728%
*31
32
*42
43%
38%
27%
3232'
•43
43
>.
5
67
,65
65;
'
*31
/
.
112%
29%
28%
•
26%
26%;
..No
Creamery
preferred
4%%
Shoe
share* ;
I'ear 1945
Lowest
21% Jan
,
1
2,300
37%
160
,
68%
•
.37
37
';
44
*43%
31%
,67%
62%
•32%
32%
*112
112%
29%
107
62%
.
44
44
*112
.
39
.
par
6,800
23%- 24%
102% <103%
•
158
x67
X67
v
26%
27%
26%'.27%
41%
,
.
No
per
fr
Beech Aircrait Corp»«-,.^jL. wi-.l
20
32
;
$4.25
Beck
100
55
31%
35%
.;
.-99% .102%
99%;102%
X158
xl58
30
40
37
37.
•
.
71% 39% /
-
23%
.
Z
21,300"
;
42
53
52%
30%
231/8
23%
:
..
107
107
20%r
-
*134 ; 140
^ 20%.s 20%
29% ;30%
28 • 28%
*109% ,111
.
111
111
.
40
Beatrice
200
105
-
ir„
,
„
Bath Iron Works Corp.
Bayuk Cigars Inc_,—
1,200
2,400
Range Since January 1
Lowest
Highest
/Par4
,
6il
Barnsdall
25,500
44 Va
21%
.
.
J
29%
28
51%
■
104
*41
30
30
35%
•
.
36% : 37%
24%
25%
25J/a
•
;
*110
31%
162
71%•"
•
52%
:
20%
27%.
27%
•
•
29,600
109% 100%
:
42
28%
>
29
29
30%
26
162
74
30
:
56
107%, 109%
,
*160"
20%
27%
24%
36%
61%
61
■
105
♦39%
*39%
.
*43 ¥2
61
'>19%
19%
*
42
32%
25%
44
44 ;•■;
-
34%.
34%
;
60
V *109% 110 V
110/
111 > 111
>• 38
38
:
25%/ 26
111%
33
'44
.
23%
1401/2
140% " -136% 136%
136%
21
19%
21
v
19%: 20%
v
•29 /
29
/
113
32%
110
;i.
21%
23%
>, 104%
.104%
20%
19%
19%'
>•39%
•39%
41%
22
113
?>■-
22%
/
•
62
109 y4
109% 109%
104% 1051/a
.104% 105%
21%
29%
*110
43
58 :/
v
143%
21%
> *
> '
\
32
>-
37
/43v
-43:
107
20% v
42
*41%
*139
109 y4
*105%
23%
.23%
33
44%
64%
109%
.
105.%' 105%
22%
39%
44%
*62%
iio /
nor
25%
Range for Previous
'•.
'
v-
'
25%
64-
a
i
*
-Sales for
Feb. 22
Jleb.W^'
w
$ per share
Friday
Thursday
•
'
43
68¥2 Jan
3
104
Jan 3 ,
21.
Feb 20 :
Jan
Jan
27
Oct
33
Oct
74
34¥4 Jun
S?f25%
;
Doc
Dec
,
Nov
Jan
64 > Jan
49%
Jun
66
Dec
19%
Jan
37%
f
Jan
59%
Oct
Dec
'
59% Jan 11
49
673/4 Jan; 17
54
Jan
64
Dec.
25 y4 Jan
15%
Jan
27
Dec
22% Feb
7
12Va Jan 21
42
Jan
8
125
Feb 20
114
Feb
1
51
Feb 20
28 V, .Tan
4
24
15%
24%
66%
>
16
16
Jan
x23
Dec
Jan
8
4%
Jan
15
Dec
49% Feb
18
293%
Jan
>48
Nov
30
51%
Jan
42%
Jan
15
*
2
141
Jan
114
Feb
15
140%
Dec
1
56 V2 Jan
>85% Feb 15
20%
Jan
86% Feb
1
31
Jan
Jan
11
98
Jan
24% Jan
8
107
9%
Jan
58
Aug
30
Dec
p-'t'a
Dec
105 > JMo
25
Nov
•
THE COMMERCIAL &
-Monday/ February 25,1946
FINANCIAL-CHJRQNICLS
1040
RECORD
NEW ,YORK STOCK
Tuesday
Saturday
$ per
$ j>er share
share
'
>200
230
*108
112
•
*108
112
112
112
65%
66
•
>100% 103
.42
57%
57%
57%
64
*1185
—
24%
22%
34%
.*37%
38%
33%
35%
.,.32.
22
23%
•
31
44
32%
13
'
110%
*105
40
40
40
56
116%
55
4%
23
4%
128%
128%
32%
32%
54
54%
35%
36
42%
43
10%
35%
22%
'10%
35%
35%
108%
108%
18 Ye
18%
47
43
23%
58%
59 y4
:Y: 22
/Y
64%
36%
7Ye
7%
Y"
20%
66
2,200
52
34%
40
40%
9%
34%
108 Ye
i;ioo
9%
,
33%
43%
44
•io8y4
112
33%
34
57%
.57%
>52%
53
34%
35
.-17% ,17%
,
32%
33
109%
109 y4
130
130
'40
114
:
13
"
13%
*102
42%
13%
.
54%
114%
105
20
,:•
;•
40ye
50 •<;
*39%
22
20
i
;
23%'
43%
144%
11%
'
$3.75 preferred
33 %
57%
57%
21%
1,600
?
47
Jan
29
31
50%
Nov
50
Nov
11%
Dec
■:
Jan
Mar
Feb
47
Jan
28
14
Jan
24
110% Feb
16
90% Jan
20
84
20 '
3
Jan.
4,
106% Feb
x375,s Feb
Jun
41%
28
Feb
16
39
Jan
53% Sep
110
Dec
116%
15% Aug
25%
Deer
4%
Nov
25% Jan
11
4% Feb
6
2
Jan >
Jan
Feb
1
35% Jan 19
132
Jan
2
19
33% Feb
20
10% Feb
.
3Y
32% Jan
34% Nov
Jan
48
106
Nov
7.% Dec
34% Nov
Jan'
24%
6
28
Oct
39%
50
Jan
3% Mar
Feb
36
Nov
26% Mar
-6
J 09% Jan
2
Jan
Dec
124%
Jan
29%
Jan: 17:
46% Jan 19
>
Dec
22
37
,
4
Dec
28%
Jan 29
55
2
39% Feb 20
108
Oct
Dec
118% Jan 12
31% Feb
42% Jan
61/* Jan
86 Y; Nov
26
56
Feb 19
2% Jan
Oct
107%
Jan
8.
20% Feb 20
123
110% Nov
30% Feb
5
Jan
Jan
4%
Jan 29
41
21
25% Feb 21
,
Mar
31
109% May
Sep
Continental
36%
37%
12,009
Continental
54%
54%
3,900
2,300
57
27%
.26%
*54%
"
55
■'
63%
33%
'-34%
4,300
*105%
106%
35%
106%
66
65
11
6%
6%
HIGH SALE
.
$ per
•"*
41
42
♦109%. 110%
32y» 32%
♦121%
49
111
40
26%
24%
25%
V.'.44-n
47%
♦165
43
44
*48 y2
OH of
21%
•75%
144 X
76
9%
11%
41
41%
40%
41%
38
39
26%
26%
•20%
20%
25%
i,27
27%
26
27%
24
26
26%.
*112
113%
*112
Dec
10
93% July
109%
—
—
.
25,700
25'/8
26%
Y 41%
Jan
14,
r
Y
-
Dec
Oct
59%
20.'
.
Dec
Noy
43
29% July
44% Nov
23% Feb 16
12%
Jan
49%
Jan
19% Dec
53% Jun
Electric
Trust
Bank
Exch
-50
Coty
stocks
Y
Jan
57
199
19
21
30 V
Jan
3
29
58% Jan
Feb
21
70
202^
20
Range Since January
Lowest
'■
|
38'/4 Jan 21
preferred ^..—«-i....*100
(The)
Cork
V
51% Jan 11
100
100
30
....100
4,900
Jan
5
Feb 20
99% Jan
3
7
48%
2VA
142
73
Feb
Feb 13
Jan 21
Jan 17
7% Jan 2
27
Jan
3
129% Jan 30
35 Ye Jan <3
I per share
.
Feb
5
Feb 16
37 I
Jan
*
34% 'Dec
jun
4L
•
59% Dec
<
49% Nov
53
20% Jan
106% Dev
112
Nov
124
Nov
106
35%
114% Feb
16
8
25
Mar
Dec
52% Nov
Aug
16
87%
Dec
30%
Oct
16
46% Jan
Dec
108%
Jan
54% Feb
Jan
111
Nov
42
Dec
29
Jan
Dec
•
X150
Sep
51% NOV
8
145%
Jan
50% Jan 14
104
Feb 15
25%
Jan
99 %
Dec
Jan 30
29%
Apr
51
Sep
Jan
56
Dec
Mar
165
2
Jan
6V'
8'v
-
28% Jan 10
35
preferred...
4'4^
110% Feb
24% Feb 20
160
43
Jan
54% Feb
130
|
Y 43% Dec
99% Aug
28% Mar
35
Dec
Highest
25% Jan
24
62
Jan
3
Jan 21
115
Jan 3
44% Jan
3
110
Jan
2
39
Jan
3
199
,13
Deo
ArJYe Dec
iperttiari
Feb 16?!
39 y4 Feb
:
iOct
far Previous
35% Jan A4K
29
107
No par
preferred
preferred
2
71,,
Lowest
109% Feb
32
Jan
2
38
Jan ' 3
51% Feb 20
...2
No par
No par
& Seal
107% Jan
.44
Oct
Dec
..
Year 1945
I
$ per share
^
$ per share
25
—
Y
Jan
Range
Oct
38%
108
Jan
Jan
3%
Highesi
Par
common
64%
Jun
6
:Y;VvYYYYYYYY';'
EXCHANGE
Co
182%
Y 12% Jan 28
7% Jan 29
Dec
26% Dec
101% Aug
Jan
.
52 % Mar
11
28%
*
16% Aug
Jan
t
6% Jan 21;
:
Jan:
109
5
Jan *'2
10% Feb
31.,
Jan
.
387/a Jan
64% Jan 21
100
29%
•18
27% Jan
3
3" Y67%
105% Feb
-.1
r
14
33% Feb 20
—1
-YYV^yyi
Jan
56
:
3
22% Jan
.25
Tne,Yv
•
52
100
...
Jan 21
62% Jan
Corp......1
.20
Co
No par
No par
1
Class A
—1
Cushman's Sons Inc 7% pfd
100
Cutler-Hammer tae.~.....~.No par
1,100
25%
20
Jan
.
8% Jan
Feb • 2
preferred
Curtiss-Wrlght
2,800
> > 24%
29
54
$7 preferred
109,900
10,300
37%
18
Jan
17% Jan
...8
Prior
140
Y. 36%
Jan
24
Y,: 55% Nov
Cunningham Drug Stores Inc._2.50
Curtis Pub Co (The)
No par
80
...
.63
3
Sep
17%
Y
Feb
4%%
1,500
9%
10%
Y--30 ,,31%
5
36 ya Feb
Cuneo Press
400
__
46
Jan
Apr
Dec
•
47%
Cudahy Packing Co
700
.
10%
17% Jan
Cuban-American Sugar........._10
7% preferred
.100
1,100
75%
8
113
106% July
19
5%
1,900
143%
18% Feb
Dec
50
J&n •
Jan
Cuba RR 6%
7,900
44
15
54
Crucible Steel of Amer
680
„
113% Jan
.10
...No par
Crown Zellerbach Corp..
8
$4.20 preferred
No par
$4 2nd preferred—;
...No par
1,400
—
37%
6
2
...1
$2 preferred
5,100
YY 23%
*130%
NOV
17%
Jan
7
Crown
200
—
W
30%
>130% 140 Y
35%
37%
140
23
75 % ;
10
95/a
29%
32%
30 %
*130y4
;;i
104
Y 143%
40%
Jan
48% Feb'
1
Crosley Corp (The)..
90
25%
Y..«;Y
I 104
,
Apr
8%
21
Cream of Wheat Corp
2,300
'
49% X
YY'43%
23%'
143%
76
10%
33
;
26%
4
I
6,800
Y:
22%
140
126
108%
i2
30% Feb
Crane
900
X- '
Feb
115'
15
28
X42% Feb'21
YY9:
Dec
109 % Jan
Jan
Del
45
Feb
15%
15
110% Jan
Dec
40% Dec
Jan
17 '/2 Aug
;:Y 6i% Feb-*
3%%
—
Feb
;
Jan
115
Feb 20
103
25%
;
Y 45" I? Jan
4
4
.Jan
13
NEW YORK STOCK
1,600
•
37
Y
400
vY Yei
112% Jan
15
Coty Internat Corp_
13,200
XY
__
50
144%
32%
9
8
25% Feb 20
Shares
39 Ya
39% x
:Y:»49 Y:v 50 >
75 y4
■■
•' 25 %
*165
43%
21%
76%
v
—
144%
23%
145%
Jan
Jan
35%
.
40 '
Sales for
:i|40::YY 40%
103%
38%Y 38% Y
49
>47 :'
38
47
-
:
:
*110% 112
Y
*103 y2
103% 104
38%
39%
51
y 126/;
YY48*
132
40
109
*108
109
47%
—
20
Feb*, 20
'
Deo
46% Dec
*
No par
No par
the Week
...
Y*38%..;, 39%
38
53V4
54%
52%Jf
*52
52%
52% '
32
32%
33%
110%
25%
105 li
39%
33%Y
51 ya
113%
Y:'41
48%
41
t per share
t per share
109
31% Feb
39
...5
3%% preferred —
Corn Products Refining
Preferred
9,000
f.
Friday
Feb. 28
40%
41%
108% 112
•
41%
par
100
16"
22
*
17% Jan
-
6,700
Thursday
Feb. 2t
$ per share
share
>'4tf
17
Corning Glass Works common.. —5
50
202%
,
•
PRICES
Wednesday
Feb. SO
Tuesday
Feb. 19
; 5
Jan
No par
Corn
4,500
,|1% •;
Y6% ,1.854
11%
;
30
68
202%
201%
10%
Feb
33% Jan
Fibre
Motors
Cornell-Dubllier
5,400
34%
*106
66 Ye
.
...
$3 prior preferred
Copper weld Steel P ,.Y.«
Conv pref 5%
series
-
130
.56%
25Va"
56%
..
63
201
48
20
19%
,
Cooper-Bessemer Corp...
4,200
63%
68%
18
28% Feb
17% Feb 20
Continental Steel Corp
160
21
"
20%
21
•
42% Jan
Continental Insurance
46,700
62%
202
*130y4
*130% 140
Jun
20
102% Jan 23
No par
20%
590
107
>165
10%
11%
33
46%
9% Jan
.20
Continental Diamond
64
-66%
27%
76%
'46%
Jan
..No par
300
25
112
*144
76%
76
Jan
25%
11% July
31 % Jan
Can Ino
6,200
24%
-
.11% ; 12
6% !
6%;-,
43
22%
24%
144%
28%
14
-lb
pfd
$5.50 preferred
Continental
15,900
24%
113%
50
14
Jan
109
$4.50 pfd.iY.NO" par
..20
of America
No par
Pow
Container Corp
16%
55
♦56%
;
;
25%
•
50
18
Jan
38
:
—I
pfd.^.^.......>No
20%
•
*54x/4
,,
135
39
Jun
Jan
39
20
X40
par
Gas
57%
56%
.57-•■a;
•124
*104
&
50%
41
14
% Feb
par
113%
54%
135 ;
52%
46
47%
♦104y4
Jan
"
No par
167/a
26%
202
a
*165
:; 47
0
28
Dec
Y18% Dec
X40% Feb
No par
25
Co.
<
Dec
Dec
50%
29
..No par
*113y8
16Va.
16%
a
109
26%
27%
27%
*165
Edison
19
36% Feb 20
Continental Baking Co..
10,000
105
X42%
'
25%
109
41%
Feb
49
32% Feb
No par
Natural
cony
Consumers
200
3,509
■
13%
*102
V113% 113%
}
28%
>105%
110
113%
43%
43
16
Newx.-iYYYYYYY^
Consol RR of Cuba 6%
-
105
;'44;""-
43
$1 25
;
2,900
36%
43%
51
53%
114%
247/a Feb
22
"
43
43%
55
-63%
7
♦126
,
Consolidated Vuliee Aircraft
3,500 {
40%
114
40%
36%
y
Consolidated
31%
53
21
12%
♦109
YH5
Nov
laundries CorpY^.Y^.'.Y. ...5
Consol
28%
112
«• (
*108% 112 r'
32y8
33% ^
33%
33%
^ #'3f8% 38Wm>4 38 • ;
39%
39%
5g;y4 -55;
»* 51%
56% >58%
63
-v -.•' X52%
52%
52 y2
31%
33%
34%
33%
34%
39%
*39
Nov
Y, 106
;
'
5,600
36y«,
24%
69 W
42
Aug
Y 14
$5 preferred
19,100
56
57 <«
•
$ per share
:
110
29
Consol Edison of N
2,0t)0
28%
54 y4
Feb. 18
Feb. 16
17
23% Jan
Congoleum-Nairn. lno^.«YY*No pat
Consolidated Clgarj
No par
Consol Coppermlnes Corp
5
2,300
-\v.: ■*:
$ per share
116% Jan
3
100
~~_10Q
Conde Nast Pub Inc.
43,100
25,200
108
26%
Monday
-
9
preferred series
Commonwealth
4,200
34
46 y4
42%
37%
LOW AND
Saturday
Feb
Jfi% Jan
112
Commonwealth St Southern..No par
33.100
900
32%
28%
-
21%
•
36%
-
202 ■:'>
6%
.
•
106%
-
Jan
Commercial Solvents
340,600
41/*"
124
45® e
59%
56%
.
64%
„11%
Oct
34%
112
T 113% 113%
.
V
*105%
*
101%
16
$3.00 preferred Y-,YY-Y»-i.iiiilOO
300
19,400
21%
45%
45% :
36%
*201
4-
12%
Feb
10
Feb
6,800
52
116
31%
Y,113"X 113
17
16%
25%
..68%
68%
202
12%
?Y
a
I 31%
Jan
56
47
28 Ye
105
r
44:
.
36%
106 y2
68%
*102
22%
it 164
36%
106%
♦201
,
Y "57--;
.25%
26%
14
106
2
Commercial Credits,—10
17%
39
54 y» Y54%
58 %
64%
42% Y
'lY;55tY
V:.
Y26%
33
42% '43%
14
-13%
22%
21%
37%- •37%
57
50% Jan
4
Columbian Carbon Co. (new)_No
45
•
113% 114%
Yv 56 y2 ; 58 4
28%
\
v 28%
23%
23
29%
39%
'
61%
29%
*57 v"
••
a
17%
17%:
46
:•
113%
17%
.
11
45% Jan
Columbia Pictures
*51
Oct
72
.
104% Feb
—No par
preferred series A
preferred
—
5%
3%
' Deo
183 Y
59% Dec
; 44% Feb
—-—
230
31%
130
Sep
53% Oct;
No par
Columbia Gas & Elec
2,500
124
,155
140
Jan
No par
2.300
33%
32%
;
:
46
x
2,100
98,300
105%
20%
Y
Apr
May
60 Ya Jan
Nov.;
41%
No par
3,800
108%
45%
28%
43 y4
55
•/' 54ya
•
17
8%
17%
H
44 y4
-
y>
■J.-Y;
110%
50%
Jun
Y59Y
Jan
11
38%
33%
,
Jan
27 %
108%
35%
108%
Feb
67
25%
...
100
•
Jan
357/e
200
preferred
cony
6%
*110
Jan
.
34'A
■„
61
37%
28%
9
34
108%
31 %
*112;,
.
23 y8
v
39%
,
:44
..;:'••
61
37%
>'
33%
..-.44%
-
3%
31%
51
,
'18
61
;
12%
21%
4%
125
31%
52
34%
39%
V 9%
Apr
93 V2
11
X37%
50
112
124
42'A
9%
14% :14%
46%
49%
20%
Nov
34%
Jan 23
62
26%
112
4%
127%
31%
32%
750
42%
*105
68%
110%
,53% Jan
178% Jan
•
No par
Oct
Jan
Nov
10
150
39%
25%
4
190
42%
12.
110%
*
126
*52
41%
106%
38%
21%
20%
*102% 105:
,
112; Y 112
Y 17%
50%
46%
42
.
;
3,900
,
42%
110% "
105
112-112
18%
H4%.
46 Y
26%
■114% 114%
44Yb
*102%
500
3.300
35
.33%
,
114%'.
105
31%
53%
'
30
'
31
34%
yy 14%
30 Y'
34
46
/
34%
447/e
33%
41
108% 109
-
30%
43
37
32%
110%
110%
104%
39%
28
52
38 Va
18%:
47%
114%
36%
i-
44
Y57% Jan
2
Colo Fuel & Iron Corp
22% Y23 Y'
11%
115
Y; 44% Feb
•4
2
52
100
new__No par
5% cum conv preferred-.
20
Colorado <fe Southern
lou
4% non-cum 1st preferred—100
4% non-cum 2nd preferred—100
Columbia Br'd Sys Inc cl A
2.50
Class B
2,50
Jb%
90
•
19.800
23
36
10
>
!
Y
20%
36%
32%
29%
41
40% V
X40%
Jan
18
Jan
Collins <& Alkraan
22%
:x46
11%
May
24
100% Jan
19
Dec
105
106%
66% Feb
152% Jan
preferred
if $3.50
2,300
36%
::
"
3
56% Feb
205
109%
108% Jan
2
26
.
114
*112%
Dec
Feb
Jan
10
100
Uoigate-Palmoiive-Peet
5,000
45%
.
72%
Jan'
89
8
37% Jan
A
:
$ per share,
Coca-Cola International Corp No par
19%
44%
10%
35%
35%
.42%
:
.
45
Class
Jan
-
Jan
113% Jan
99 Ye Jan
<!The)^.Y-YYYYNo par
Coca-Cola Co
Y
19%
32%
29%
127/a
103%
40
28%
53% : 54%
*112
116%
22 '
22"%
4%
4%
127% 128%
32%
32"%
53% 53%
28%
28%
10
380
■49
71% Jan 18
31
57% Jan
1
L
Preferred
*1185
114
19%
42
110%
27%
1
*112
50%
49%
*112%
"
110%
106%
110%
106%
*105,
V
;
43%;
''"•43%" 44
' -Yv42:Y
*4i
43%. 43% '
ll'/a
12%
13% 4
44
13%
110%
■
3,500
.
*37
33
*44
.
43%
53
49%
Y Y 112% 112%
YY 19%
20%
22
22
23%
24%
'37
38
38%
33
33%
34
29%
32
33
20%
■
.
;Y
55
11,800
.' Highest
$ per share
.
-No par
No par
Climax
400*
*106% 109
S":;; 51 Y
52
109
*106%
114
*112%
44%
,
..
'x54
56
Special gtd 4% stock
Molybdenum
Cluett Peabody & Co__
per share
108
2;
Jan
111% Jan
gtd—^—50
50
cier & Pitts RR Co 7%
64% ,64%
YYYv'
45%
♦1185:';
..
109
*106%
114
65
*
107
"lO
Y Lowest
170
No par
(The)
YY J
share
Feb 20
105
40
193
193
195
65
65
65
'-M •:*ii85 yy—YY
45%
46%
47% >
*106% 109
:
;
47 Ye
47%
193
'
64%
V
'
109
55%
199%
'
"
63
100
Graph Bronze Co
Clev
1.300"
$ per
c
par
—100
—
$4.50 pfd
Ilium
Olev El
,
158
*11/6
158
200
114
:
*154
*154
47%
P
56 %
*196
*1185
'
39%
53
200
*106'/a
:
39%
preferred
5%
Co
& St. Louis Ry.
O. 0. C.
.220
Par
.
Year 1945
Railge Since January 1
llf^Lowcst'jYY'ivY;:: Highest ;j:
Equlpmeni...MMM>Y.JVo
Clark
'i»«Y
112
.
.
158
€4-V'V 64%
•;
.
112.
v
(
1,300
65
*106
112% <.v- 112% 112%
Y 64%
64%
64
108
*108
,108;;
108%
*100% 103
•100'/a 103
58
*56%
*56%
58
40
39%
39
39%
53
54
52%
53%
158
154% 154%:** *154
56%
58
40
Shares
63
101
56%
41%
58
41%
*154
*100%
the Week
111%
.
•108
64
;;
63%
*200 Y 230
Range for Previous
y'-yyy-; YY
STOCKS ;•■k ■ '■ Y ■;
Y-;Y::.NEW: YORK STOCK--'.'1
'> ,'Y*: '•
EXCHANGE
Sales for
Friday
Feb. 22
$ per share
$ per share
:
230
*106
64%x
108%
;
,
Y>Y*56.%: .58
^»56VA
*397'
•
my4 111%
:
108%
*108
108%
100% v 102
•108
Feb. 21
63
■
63
*200
■'
112
►106 ;
'
* $ per share
-1
230
..♦200
Y
iu%rni%
66
66 %
#><>'1
65
64 ;
67%
68
230
'
Feb. 20
$ per share
'
68
Thursday
'*
'
'200
. .-.
„
Feb. 19
Feb. 18
Feb. 10
PRICES
Wednesday -
HIGH SALE
AND
LOW
v
41
Jan
56
Jan
2
26
'
28
Jan 24
9
5
146% Feb
76% Feb 15
4
12 Ye Feb
4
34»/e Feb
129'/a Jan
43
30 '
102
24% Oct
154
122% Apr
59 »/4
18%
30 Ye
Jan
25%
Feb
Y
27% Dec
16% Jan
Apr
Oct
Oct
125
Sep
Jan 29.
Oct
75% Oct
9
Nov
Jan
5% Aug
118
Nov
37%
Dec
D
<
113%
If
56:
113
48%
*111% 113
56%
58
50%
49 y4
50%
40y2
34%f :34%
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39%
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40
35
36
33%
32Va
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48
46
35
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164
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80
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89
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: 130
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109
see
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Delaware Lack & Western
Detroit
2,700
—
800
53 %
54%
53%
28%
26%
95%
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28%27
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34
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20
10
100
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17,800
89
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102
112
page
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Y 83
& Co
Preferred
4,500
30%'
54%
-
187%
Y
44
30
45
Jan
2
42% Jan
5
37 y2 Jan 11
30y4 Jan
4
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10,400
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—
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I«...
Devoe
&
—
A
6%
partlo
Distil
30
2
No par
Corp-Seagr's Ltd
preferred
Co common
Jan
7
Feb 16
.
750% Feb 18.
Class
No par
A
8
Doehler-Jarvis Corp
No par
Dome Mines Ltd
Chemical Co
"152
No pat
114
Aug
33%
34%
Jan
Y" 57%
conv
.J.100
preferred
No par
(E I) St Co
20
$4.50 preferred
No par
Duquesne Light 0% 1st pfd
100
Du P de Nemours
5.500
Eagle-Flcher
5,000
Eastern Airlines Ino.
...
Jan
07
16%
25%
Jan
35% Jan .28
25%
447/a Feb
8
33
49 y4 Feb
4
Y 34% Jan 14
103
Jan 29
16 Ya
Jan
38
75
29%
Jan
105
'
Jan
40%
Dec
Aug
.
48
Jan
'"••••-
88
109
109% Feb
5
50% Jan
14
17% Mar
56% Jan
31
47
Mar
31
15
18
Jan
29%
22 y4
Jan
29ya
Mar
.100%
Feb
Y.. 50'
56
160% Jan
15
1227/a
Jan
167%
116% Feb
7
110%
Jan
115
3
Jan
8
33% Jan 17
Jan 28
115
Jan
29
38% Jan
28
65
Apr
33%
111% Dec
12
Mar
-Y 30%
27
25: Jan
3
31
30
Jan
183 Y Jan
Y 128% Jan
114
Jan
2
5
204
Feb
2
155
132
Jan
8
116% Feb
5
113
125% Jan
113
Oct
20% Jan
98
.
35
Feb 21
■
1 Y
45%
6
Y
10
Co—
21
16
4 108y4 Feb
1
International
Duplan Corp
Feb
7% Mar
29% Feb
26% Feb 20
50c
40%
34% Aug
22 '
101% Feb
90y2 Jan 21
.—..No par
.
47%:
4
18
16
common—No par
$4 preferred series A
Dresser Industries
Sep
Jan.
39% Mar
5
16
52x/2 Feb 15
Y25
Jan 3
y'25 % Jan 4
33
37% Feb
50V2 Jan 29
76
Y
108%
14,4
49%
40% Feb
7
27 y2 Feb
28
40% Jan
43% Jan 15
28V* Feb 19
28
28
V
•
-
16% Jan
4
3
Jan 14
Jan
3
85
Feb 11
105% Feb 18
42 y4 Feb 21
100
No par
5%
Dunhlll
—
•
25
Dixie Cup
3%%
400
12.50
No par
preferred
Diamond T Motor Car Co
900
4,500
new
Diamond Match
Douglas Aircraft
900
' Y-if"
Raynolds
Dow
—
58
75
Detroit Hillsdale St B W RRaCO—100
2,900
-Yy
3
113
13 ya Jan
25
Jan
50 '
Edison-...-^—20 "
1,200
18.900
43% Jan
4
28% Feb -4
•
7,900
U'
29
3
Feb 19
111% Jan 14
_
' '
24
pfd
100
Xnc_.—.._....r
_
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•
23% Jail
Dayton Pow & Lt 4% ft
Delaware & Hudson
10
'
5
1
Decca Records
Delsel-Wemmer-Gllbert
"
48
29%
;
1,500
44
48
Davega Stores Corp, N Y.
Davison Chemical Corp (The)_
12,600
33 '
Y- *46%
28%
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YY
1,100
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30%
129%
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26%
47%
199
24
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198
115
•
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,
29
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80
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Jan
Y
34ft"
192%
;;
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13
Jan
39 V4
Jan
129
117
:
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134
:
Dec
Dec
Volume J63"-
Number74467
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
j: ;
;
Saturday
"
'«
J
••
Monday
Feb< 16
Feb. 18
'
per share
36% -; 36%
243%-244%
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;
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6
109
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20
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16
15
107
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13
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53
Exchange Buffet Corp
2
: 5%.Jan
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93
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95
*
3
- 32% Jan
30
65% Jan
13
8% Jan
:
Oct
29 y3
,
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27%, Dec
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81
Dec
;
Sep
:
107% Dec
Jan
37
106
Dec
July
July
July
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'
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92
Nov
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;
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j
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-
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86
86
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48%
=
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68% Jan
Jan*29
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.:
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17
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,
146
101
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158
,
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2
109
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23% Jan
62
103
2
40
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I
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*
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24
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106% Jan
10
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21% Aug
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:
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No
Products
Ex-Cell-O Corp
3% Jan
43% Aug
34%. Mar.
37% Feb
6
85%, Feb >1
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'
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Jan
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;
13
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5
112
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' 170 % Feb
v 157 %' Feb
v26
Dec
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___
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,
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-
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.
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—
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10
-
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.
94
55
137 41; Jan
10
27-r8 Feb
-
S per share
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/if 66% Oct
—,*><,
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; 24:" July
: 39% Dec
16
24
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; * 6% Feb 20
j
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3
: 17% J&ii
preferred!—
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4
Jan
T
t
185i
49
39% Jan
Highest
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170v
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;;
:
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3
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;
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19% :
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' 53
;
55
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11
.
Radio & Phonographs.
Enaicott Johnson Corp—.—
19
■
;
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v
85
9
11
.*
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-
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5
2'71- > Feb
111% Jan,
Paso Natural Ga»_~_Emerson Electric
4%
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.
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Battery__._lVo"|
El
109
109
:
66 preierredu.^.Electric Storage
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106
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.
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'
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33% Jan V- 3
Elec & Mus Intf Am shares..
Electric Power ds Light—...No
:"1431"7145-^
199
108'/a Jan
Elastic Stop Nut Co..
Auto-Ht# <The>
53.%: >>''-52%:>54>;
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256
•
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30% / >, 30% ; 31 V
84
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191 v; Jan
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share;|, $
Jan
Manufacturing Co.
4%-'/a pret'eired
Ekco Products
-
222
;
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30% Jan
■
Range for Previous
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Lowest
preferred-..;
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20
2.500
f
cum
Eaton
v
' (
13%
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.t.74%
152
53%
35
36%
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,
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106
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Corp.
Eastman KodaK Co-;
„—No
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-
110
35
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.
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STOCKS
Friday
Feb.* 83
$ per share
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\ 35
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Feb. 21
$ per share
.
239
68%
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Feb. £0
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see
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115
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4o%
32%
20%
9%
30
110%
-
Mar
36
40%
.
Dec
130
X21
110%
40%
13,%
•
Mar
77% Dec
20%
63%
,
134
123
75%
130% 130%
110
14%
32%
114
132
*119
f
:
60
10%
33%
31%
*129
>
*104% 106
66%
110
-
•110%
footnotes
-
150
22%..25
Sep
Nov
52% Aug
1106
42%
•
10%
,.
*105
40
13%
.
11%
49%
56
111
*104
42%
*32%
For
-
.
OCt
May
45
*110% 113
56
"
-
38%
45% /"
Oct
36
172
48%
*10%
9%
39%
104%
43%
145%
33%
176
*141
29%
100
;
Nov
52
41%
*108
31
*104
104%
44'A
«
41 Vb
38 V*
44%
19%
34%
42%
113
Dec
47%
122% 122%
36%
37
111
40%
■
36%
30
'
*108
v.
•-
/
123%
37%
36%
•
42%- 44%
*110% 113
.
'■
Dec
15
50»/s
41%
-
Dec
27%
44% /:
*141
31 %
Dec
49%
4 6y8'
6
37
122
.
•
' >
185%
145
32%
19
10%
-
34%
124: : f
38%
123%
"
20%
*
-
145
*175
130Va
36
>
43%
>30%
--
40%
>124
*130
■
>-
9%
.
32%
37%
13'A
40 %
73%' -75%
20
*141
37%
25V8
12%
130»
*119
>
6%
-
19
--
>
109%
187%
24V2
40%
130
36%
5%
,
.
>
77%
131%
21%
*130
:f
21
22%
38
*186»/2
-
Dec;
Nov
80% Dec
24 V\ Dec
14% Dec
13
52%A>; L 49%:
46%,/ /''43 ' '
:/ *129
58
40%
61% Dec
25%
34
Dec
/Dec
14% Dec
109 »/2
186
50y4>¥• :i?46% ,48%
45%
28%
18%
*107y2
146
-'
29% Nov
86
17%
176
.
$ per share
13
*175i
..
Highest'
-
65
33%
'
Year 1945
$ per share
62%
12%
145%
34'A A
176
$ per share
90
65
40
>146% /
34
175'A
$ per share
42%
13
>-12%
V
Par
.Lowest
.
61 %
64 \\
24%
-
Shares
Range for Previous;
Range Since January .! -.
Lowest
Highest
A
42'A
*84
17%
186
v
share
STOCK
15%
12%
187y2
26% V
14%
26
.
per
s
'
YORK
EXCHANGE
83
64
141/4
26%
14%
61%
109
,;$
the Week
NEW
25%
43'A
*107%
:
.
Sales for
23%
15
86%
Feb. 23
1%:
*75
15%-:
17%
20
25%
83
59%
f
*22%
v
r»>.
25
*82;
10
20
ri
41%
88
Friday
14%
9%
,,.
..* *
22'A
'
14%
45
42
26%
25
62
45
*86
..
1
*75
15%
*
1.
,
sjry
S per share
14
9%
22'A
26%;
15 Vb
451/2
f
■
"
•
STOCKS
~
20 'A
%
83
90
186
.
■
13%
9%
20
23%
25'A
*76
90
186
13%
>
-
1%
2234
.
y
,
14%
45 VB
67%
131/2
-
39% I
.
Thursday ■.
f Vrr ' Feb. 31 >7
.t per share
20'A
91
«;■
>■
?
Feb. 20
lO'/s
45%
|f:13%
147-
38«/4-
"Wednesday
- ■?
9%
% "90 Vb
t
147
38
SALE PRICES
HIGH
>v%
;
653/s
r
AND
20
16%
j
>
ft#.
13s d
26%
26%
;
•
1 '/a
.>i32^-«432%f-Vf:
."
:
v-
13%
u
10%
■
145
37
I per share
20%
11%
24%
32%'
145 1
Feb. 19
-ao%
M
•' >
18%
t
'
Tuesday
>
$ per share
14%: 15%
>
17%'-
-
Feb. 18
t per share
?
Monday
■„
Feb. 16
v 31%'
; "
53%
41
.
37'/jt
Saturday
^--17%
-
;f :>'17%-
-17%
'
:
-
.17%
v A7'%
■
'*
18%
84
>
' 81%* 61%
■■
-83^
»8S:
'43%- *44. «4i*:■ .'•>/43.%'^*4i%r^42!^>*"*• *
-75:- :'.76,."'"';
-74%. 75%s > -,74% ' 75: 41
42% ;
:
40%" :;41
->41 %>• 4l%'> if I
*27%
26 •"
*27 % , 28
- * *27 % "' *28' -v';
* -3
.
"
j
> >
j31% 4
^ -31%*;31 %—V - •
*64%- 66% i X '65%-65%'
'
<472%' -74% < •'-=••74%" 75-*108108 % > *108 - ~108'%t - f
.
108
'59%
i *"v
*107 —107%-
.' 31
•
i-
-76m A
108 '
>
•-
v
66%
•
-
-:>58%f-'59'?^:^v\
y- *107>107%
107%
33%
yf
Dec
21%
>
Dec
33% Dec
jl09% Nov
'
is it'"^v
i', \
|!'
'X
j'V"
,t
'I'V
-j',
v,('
*S
Ji
' ,,
y.1 rv'f'i s.'w* '/
'"'t
1042
Feb. 10
Tuesday
Feb. 11)
Feb. 20
Feb. 18
$ per
$ per share
$ per
share
Thursday
Wednesday
-
"
$ per Mare
share
207/a
20
203/4
19%
20;
19%
eo%
32'/«
58%
60
56%
58
55% : 57%
32%
30%
32 y«
*175
72
♦72
74
84
85
*84
85
35%
36
35
46
44
45%/
11%
10%
1003/4
96
11
95
263/4
75% >75%
63 •;
63%
24
100
101 »
63%
26%
63%
;
i '
=
>
.95
::
98
59%
62 y*
60 3/4
*
140
97
74% .74%
59%
61%
61%
Gulf
(7.700
Oil
Corp
5
16
> 64
Jan
4
36
Feb
16
;
110
Jan
31
13
52
Jan
-28%
10% Feb 20
.Feb 20
108
75
43 y4 Feb
Jan
/Jan 25
63%Feb
Dec
Dec
108% Mar
55%
Dec
12%
Dec
Oct
100
30%
Dec
82
143/a Mar
/
•
78% Jan.28
20
:
5% Mar
2
30% Jan 28
'
59 y4 Feb
Jan
13% Jan 25
3
7
> 71%; Jan
223/4
May
Oct
x35
Jan
104%
Nov
86
.
Jan
*
Nov
175
Jan
52 %
Dec
653/4
1613/4 Mar
Feb
Jan
20
31
—No. par
—21
:
29
21%
30%
Jan
108% Jan 14
preferred..——.l,—..^lOO
preferred
Jan
79
88
.
22% Jan
65
;
177
28%
77% Feb
95
6,600
; -700
25%
172 r;Jah 14' *
70% Jan 24;
>
—100
_1
par
West RR
(H L)- Co Inc
$ per share
>14% Jan
46
Aug
16
28
Gulf Mobile & Ohio RR-—..-No par
6.200;
25%
4
63% Jan
34% Jan
Oprpu.^^.^-.-l
Guantanamo Sugar common
1
$5 conv preferred *— i
No par
7,400
11%
Feb
20
20
Grumman Aircraft
46%
21
3
Jan
17
par
55'/i Feb
4%%
115
*95
•
Prop—No
Greyhound Corp (The)
14.000
11
'' 74%
*73
73% .73%;
33%
1946
Highest
9 per share
30 Va Feb
Green
45%
■
24%:/25 v>>
25%
-
80
*109
>'
Year 1945
ptd—No par
Green Bay &
10:
32%
10%
'
80
1,500
79%
.
33%
115
44
IP/4
76
77%
77%
323/4
->':
-
V
?
$ per share
$ per share.
Par
'
Great Northern Ry 6%
4.300
74
■:.>>
Great Nor Iron Ore
"
(<
Lowest
Highest/;
•Great Western Sugar
;
No par
z Preferred
£.^.^.••.^.100
12.100
.
173% 173%
47%
12
46%
75
35.
,'
; 6,500
32
*68
115
12%
27%
74
Shares
V
57%
^
Range for Previous
Lowest
EXCHANGE
th« Week
20%
T
175
833/4
33'/a
19%
31
1
Range Since January 1
STOCK
NEW YORK
Sales lor'
Friday
$ per share
per share
563/4
*109
48%;
27%
80
115
12
■
1
s
Feb. 22
*
175
*68
:
31%
109
47%
*100
19%
•68
74.
;
353/4
*110
&»
115
•
175
175
176 :/
176
72
*103
.31%
33%
32%
<176
.
\$
■
59%
•
•
Feb. 21
20 %
>
STOCKS:
SALE PRICES
HIGH
AND
LOW
Monday
'
r'
Monday,- February 25,
RECORD
NEW YORK STOCK
Saturday
''s'V
i
*
-X1 %►• |>v J;i'- '&■
r!
FINANCIAL CHRONICLE
THE COMMERCIAL &
58
.
49% Jan
16
Jun
82
Jun
61%
Jan
;
Dec
Jun
'
H
1
"
'
4!-'ivj
,
37%
31
>>: 25%
*34%
31
*35
;■
*31
*106%
28
116
107
27%
28%
42%
15%
'
393/4
39
13%
13%
1334
*102%
103%
14%
36
'♦184
36%
•;
36
35
123%, 125%
.6422
>> 35%
333/4
140
140
136%
139
29
29
28%
29
i
>•
I
*61
>
»
31
32
*30
59
60
*58
*25%
263/a
25 3/8
25%
*31
32
30%
31-
53%
52
52%
27%
>
27%
25
593/4
59%
32
89%
*89%
113
90
27%
26%
27
24%
55%
53
10%
112
♦110
v
55%
557/a
54
11%
12
11%
11%
*22%
23%
23
23
39%
39%
39
39 3/4
32%
31%
323/4
,
»■ 32%
"a10
543/4
52
53%
10%
10%
10%
25
Aug
29% Dec
102
Sep
109 Va July
7
3
7
8'/4 Jan
2
12% Jan 25
100
Dec
Jan
23 %
Jun
36%
34
9%
•?
8%
9%
9y8
42
>
38%
f >•
3.90Q
403/4
S per share
41
40%
'
74
■78
"
77
>
75
-283/4
26%
27 V*
'■■■% 17 y4
133/4 :14%
10,300
74
107
*106 3/a
133
••;75-.. •;•..'•
107
132
133
■
135
19%
20%
104%
193/8
11
11% •>11%;
>11;>>:
21
26% Feb 20
323/4 Jan
17% Feb
49%
50
50
501/4
46%
48%
*46%
107%
108
*108
108 3/4
108%
108%
108%
11
131/4
H%
?
*193/4
171/4
:
12%
18%
47
1,400
Xnsuransharee Ctfs
1.300
11
48
108 %
11%
'
48
*108
11%
17%
4Yz%
120
12
17%
16%
12
Interchemlcal
900
108%
!
17%
92
18 3A
Jan
38
Dec >
Jun |4
>Ii%
Jan
34% Dec
M
.MVz
Jan
69
Dec
>;
103,„
Sep
22% Jan 18
65% Jan
No par
No par
$4.50 preferred A——No par
Ingersoll-Rand————»No par >
•; 6% preferred—*.^.100 >
Inland Steel Co———No par
Inspiration Cons Copper
20
16.300
r-
> Dec >1
28
Indianapolis Power ft Lt
1.300
103 y2
20
44 •
04
9
16 Va Jan
Dec
Dec ;>
40 V8
47%
23
373/4 Jan
20
Industrial Rayon
•
135
103
,20
Jan
21
13% Feb
..
Industria Electrlca De Mex, S A
*170
100
108
98
33% Feb
Terminal RR Co——*,—5.
Illinois
2,500
107
.
8
92
4%
ctfs series A
3.500
77
•<
133
*170
106%
74
*106 3/a
Jan
—100 >
100
—1000
lines
RR See
||
Jan
72% Jan
14
3,600
27%
28
>17% >18%
-
18
Jan
$ per share
share
||
19% Jan
15
85
4>
Highest
>.,*>■
29% Jan
7
45% Jan
20
6% preferred series A
~95
143% Feb
20
Feb
74
Leased
1,200
333/4
$ per
35% Feb
Illinois Central RR Co>#-.-.1—100
Range for Previous
Lowest
t per share
30% Jan 21
20
—
'
14,700
75
13%
018%
Idaho Power Co
700
.
"
99
33%
133/s
.
Dec
Year 1945
January 1 >
Highest
>;
•
$ per share
Par
Shares
37%
*97
99
the Week
Iperahard
41
-
.
36%
>
,34
•
Feb. 23.
Feb. 21
Lowest
EXCHANGE
,
Dec
May
93A
33A Jan
:
Range Since
STOCK
NEW YORK
Sales for
25
m,
STOCKS
Friday ; ■:
Thursdatr
>>353/8 .37
preferred-iiui-^lOO >
non-cum
SALE FRICES
HIGH
*170
18%
8%
14% Jan
22
20
Dec
Jan
263A Aug
/> 5%
800
.
Feb
20
Feb
13
170
100
Feb
17 Va Jan
5,300
107
7
166
Feb
1203/4 Feb
6
82
Jan
105
2
22% Feb
6
11% Mar
11 % Jan
8%
26
7
19
543/4 Jan
14
109% Jan
11
16
13% Jan
p
Jun>|f
174
20
13% Feb
>
Dec
Dec
19%
10% ■Dec f?
Jan
Nov
57
373/4 Jan
104% Jan
109%
6 3/a Mar
12 Va
Dec
147/a
Dec
8% Mar
20% Feb " 2
3
>
Dec
140
lp4% Jan
13
46% Feb
.
109% Mar;
Feb
10 Ve Jan
Xnterlake Iron—No par
40.300
Jan
107% Jan
9
9% Jan 14
—No par
No par
10
25
170
——.100
Intercont'l Rubber
84% Jan
4
132
Inc^.—*«——I
Corp
preferred
20
Jan 18
144% Jan 14
106
'
19%
54
2
10
>
3
876
U3/4
Dec
23%
Jan
8ye Jan
111
123/4
Jan
X
74
139%
13%
123/a
Hupp Motor Car Corp
>
*106 3/a
*170
12%
87 Va NOV
66% Jan
34%
30,600
77%
78
;>
Nov
63
555/8 Oct
B3
4
*97
107
.
25% Dec
111
Jan
>3,800
/NOV
60% Jun
3
19% Jan
Manhattan
35
.
Jan
3
51
&
17% Jan
Jan
42
16%
84% Jan
'
*11
.
17
18
11%
;•
Jan
9
10'A Jan 30
27
>;
29
27% Jan
106% Jan
preferred —
;
100 "
Light & Power Co—No par
23
Sound Co
——3
Hudson
Nov
Jan
19
*11
62
19
Dec
Nov
26 3/a
413/4 Feb
293/4
>'
59% Feb
Jan
.Jan 11
Feb
6
Jan 14
28 3/a
2
32%
63 %
Jan
17
34 Va
18%
20%
56
34
Jan 21
21% Jan
23% Jan
41% Jan
9
15
Jan 16
3
29
110
51
.Feb
4
18%
22%
62
27
7
29%
113%
34% Jan
56% Jan 22
24% Jan
2
28 % Feb: 20
v
33% Nov
Jan
19% Jan
j
.;
25
29 y8 Jan
143/a
22
15
33% Jan
13%
CJ70
Jan
Hud Bay Mln & 8m Ltd——No par
Hudson Motor Car—
No par
14%
>> 133%
37
14,900
143%
139 3/a
Dec
32 Yt J an ■ 2
31
Feb 19
30%
14%
140
32
22%
-14%
;♦! 36
Dec
21 Va Aug
38%
*33
-
Nov
138
19
373/4 :
*96
f
90
Feb
Jan
,
30%
99%
77%
Feb
30
20
22
343/4
*1063/a
72
123
2
3
Feb
30%
343/4
81
29
146% Jan 21
Jan
27.
373/4
-36%
79%.
107
Dec
July
20 %
42
j
99%
*79%
138
29%
35%
*106%
1153/4
Feb
37%
34%
>
Jan
20%
37
2S%
82
130
31
$ per share
*97
.Jan
Dec
1
12
38%
.$ per share
-79%
94
393/4
22
8%
42
i
Jan
Nov
Aug
189
Jan
29%
39%
81
136
92%
Apr
Jan
223/4
373/4
f
'
*35%
9
Howe
3,300
11
Nov
35
Dec
103% Dec
Oct
71%
3.70
Jan: 30
Jan 25
93
Feb
2
29% Feb: /I
60% Feb
5
13.100
54
11
19
Deo
134%
Jan
135
3%%
53 /
Feb
Jan 28
85
No par
No par
Houston
300
(
,
.
2 5%
Feb. 20
38%
88
196
Dec
14
Mar
100%
Houston Oil of Texas v t C
1,400
113
*85
25%
Feb. 19
42
99
:
-
25%
'
Feb. 18
42%':
81-A
-
<
Wednesday
40%
>*97>:
60
32%
*110
86%
24%
8.500
400
*59%
Tuesday
:
t per share
Hi
*110
9,300
r
*32
$ per share
Feb. 16
-
25%
>
■
32%
113
86%
LOW AND
40%
25
•
59%
:
Monday
Saturday
*42
25
*
•
59 Va
2
38"% Jan
,131
Feb
21
(Del)
Holland Furnace
(1,300
/ 293% ;
V /> 29
5
11
Jan
15.
Jan
16 3/i
20% Jan
Feb
90
38
.
Dec
104'%
Mar
108
•108% Feb
4
13
(C E) The
Hires Co
900
55 y2
88
*21
'
9% ? 10%
10%;
■
533/4
25%
X88
t
53
,32
*110 i. 113
89%
,
..
800
28 >/*
24 y4
33
26%
*110.
V
26
*25 3/8
5
113% Jan
Co———10 .<
1
10
Hollander & Sons (A)
8
Holly Sugar Corpi>ar>
Hamestake Mining™.
—12.50
Houdaille-Hershey com
No par
$2.25 preferred —'—
—50
Household Finance com—No par >
ivW 400
51 y8
59%
33
60%
28%
26%
26%
593%
v;
>
Feb
34 % Feb
Hinde & Dauch Paper
5,400
34%
25% 1?
3
Oct"
Jan
6
Nov
14
Jan
9%
■
Dec
Apr
43% Dec
Apr
7%
98
28
8
155 >
X30
'
15 Va Jan
22
-
'''•"•
31
25
i
32%
27%
61
31%
31%
52%
>
152
4
84 Yz Feb
Jan
29%
Oct
18%
17 Vz Feb
'140
Dec
110%
105
20
2
321
Dec
Jan
•103% Aug
9
106% Jan 24
Jan
130.
43% Nov
27% Dec
5
16% Jan 16
•
32% Jan
Corp_.—u——•<—5
Hewitt Rubber
1,000
r
31
60%
•
273/4
4
103% Jan
—100
;
Hershey Chocolate
$4 conv preferred
760-
60%
32
61
54%
*59%
)
34%
33 %
61
32
>
54
/ 160
<,
—
20
12% Jan
184
Jan
160
Feb 8
45%'Jan 14
Feb 19
121u
*
Feb
28% Jan
v
39
Jan
>15%
8
108
17
12% Jan
No par
No par
Motors
preferred
5%
■ii$ 300
34%
34%
34
35%
33%
26
*31
»
35%
35%
>
Hercules
85
38% Feb
25
100
preferred
Jan
.
102
—100
W)
non-cum
Hercules Powder.
■500
t
35%
7%
•
r
139
273/4
4
14% Feb
25
15
—r.
5,500
34%
123
135
27%
27%
273/a .27%
—
preferred——
(G
Helme
400
,
138
:
62
-
25%
V
•
138
25% Jan
-.1
9
Co
Glass
Co.
3%%
20
135
.87 3/a
85
<138
Hecht
60
/ *82
135
135
137%/
r!35
34%
35
h *33
1
*89
91
'
:
Hazel-Atlas
600
>
86
*118
120
120
135
.135 ;
89
*87%
90'/a
*89
>
120
35%
33%
33»%
33%
35
122
122
136%
►135
135
135
i
126,
:>
rJ
186
16
Jan
-33
17
26 Va Jan
>117% Jan 17
20
.
155
-)O0
—
Hayes Mfg Corp
26,200
.
*186
*186
preferred
35% Jan
.
Feb
112
No par
Refrac.
Hayes Industries Inc
3,500
109
86
86
*85%
87
80
1
126
353/4
,
*108
/
>
>
l47/a
14%
36
109
:
1,500
15%
126
126
36
*108
35%
186
188
*184
188
'V
13%
126
108%
*85
86
86
14
15%
>:/
.
131
108
108'%
86
143/a
131
35%
36%
*108
\
,14% ; 15
15%
13%
>
134
133
37%
108%
*84%
i
14%
143/4
103
102
102
102
103
20
105% Jan
-
Hart, Schaffner & Marx—.——10
Hat Corp of Amer class A
1 *
4ViYo preferred (modified)—100
2,200
40
14%
15%
136
6%
38%
133/4
lo%
.
Harbison-Walk
*156
42
16%
*36%
>•/;.-
13%
16'/a
;»134
3,200
40%
17
t*io8
27
21
20%
Jan 23
39
1
Feb
l Feb
'
'
16%
.
26
26 3/4
Co—t
Printing
Hanna (M A) Co $4.25 pia_.No par
30
14%
*102
*102 > 103
>
107
42%
42%
14%
42%
107
*156
*156
*156
*156
•>'•>15 >-
: 3,100
.>180
*111% 114%
109
253/4
27%
26%
28%
•
*107
Hall
400
24% -24%
24 ya
24
>112 >• 112
109
35% Feb
29
24
■■25. >
10
Hamilton Watch Oo.^— ..-.-..No par >
4% conv..preferred
100
Haclcensftclc Water—.—..
'
29
29
30 Yb
1153/4
*107
•
36%
*35
\*7Mt
30
24%
24%
.115
116
107
«;■
31%
26%
25%
26
108%
*34
>37 •;•■'
*30%
32
116
:>ii6
*34%
37
•
Oct. :fi
!>•
^
96
194%
12 y8
123/4
32%
32%
> *97
1
10%
/ 205
96%
*195
194%
>>
r
210
210
210% 210%
96%: 96%
'
■
-
205
11%
123/a
32%
30
98%
f97Va
*97
10%
Xio/is
11
10%
93
196%
11%
:
■
10
9%
11%
29%
f
197
11%
31
97%
98
42%
.<>
45%
114%
45%
38%
140
45»A
43%
9%
24%
111%
58%
58%
23
41%
140
9%
383/4
114
21%
22%
21
113
110%
111%
mo
57%
57%
*56
44%
43%
111-
213/4
111
•
40
20,700
1131%
21%
5.200
22
i
2,800
:>ni
290
>-
6%.
'
47%
-
*175
"
:
48%
*147
58%.
>
*175
175
28%
58
47%
199%
48
47'/4
*147
175
293/4
28%
283/4
29%
29%
28%
28%
42%
42%
42%
26%
27
45%
■;n
45%
!/•
'
23%
52
52
153%
>>
58
58
m
*115
116
*150
52%
*106
293/4
;
57
ffi
;
1413^;
US
53%
.
50%
*115
28%
29%
♦32%
*146
323/4
■.
135
57
116
*115
105 %
149
27%
28%
30%
■-
; 135
>
32
: >47
26%
>
9,300
1,300
52
.
110
2,200
13934
*57 >;
58%
500
400
.
*115
.
105
800
111" i 111
146% 147%
*150
105
144
800
22
52
155
48 3/a
.
10
21
116
*140
.
1,900
155
*133
57
•
*150
:>
145%
3.900
>
,44%
•
213/4
1 ;-ei:>-.(,:
>■
111
143%
50
1053/4
>;G>
111
155
% 47%
106
51
58
>
*150
152%
203/a
111
136
,*57
,'.{.
<
25%
44%
*153
44%
155
72.200
273/a
116
>
:•>- 48
*104
145%
10
160
49
28,200
300
145%
500
27
27%
27%
30%
29%
4%
-100
„12%>
Johnson
preferred ser A
100,
Chicago RR stamped__100
Laughlin Steel
No par
5%
100;
conv—100
1
1,600
Kalamazoo Stove & Furn
9,000
30%
pref series A
pref series B
Joy Mfg Co
Kan City P & L of ser B—..
Kansas City Southern
5%
•
/
2nd
Jones &
2
.
.
Jan
Jan
123
Feb
24
9% Mar
30
39
92
Jan
Feb
19
31% Feb
31% Feb
2
■
18% Jan
Jan
46% Jarv 15
% Feb 21
>17%
16
19%
Jany
36
Aug
145
Jan
29
"41
Jan
3
46
Jan
3
155
19% Jan
3
46% Jan
3
Jan
Feb
9
Jan
17
24% Jan
17
>
;
Dec
175
151
Dec
33%
-
Nov
33
y
Jan
183/4
2
20
Feb 20
Dec
453/4 Dec
Feb
15
Dec
Dec
57
41% July
Jan
204
Dec
.
116
Mar >
79
49% Jan
3
11%
Jan
28%
129
115% Jan 28
60% Jan 25
3
25
No par
preferred
&
21
38
100
preferred
3,600
28
29%
1
Johns Manville Corp
Johnson
29
26% Feb
No par
Jewel Tea Co Inc
3% %
22
25% Jari
19%
99
Dec
41% Dec
30Va Oct
46
Dec
Oct
152
.
Jacobs (F l) Co
AY*%
Jan
148
z$« preferred——
;;
2
Nov
Dec
39% Dec
141
Dec
48 3/4 Dec
84%
<6
Jan
48%
>22
20
26
No par
No par .
Stores—-—No par.
—
No ■ par
Intertype Corp
Island Creek Coal——i—-1 ;
;
5
' Feb
.
75% Jan
5% Jan
137% Apt
Foreign share ctfs
'
Interstate Dept
Dec
5
193
Jan
17
7
148
14
43 Vo Jan
•
343/4
2%
.
11
42% Feb
3
'illm Jan
Dec
Dec
Nov
11% Feb
13
Feb
133A
33% Jan
20
55% Jan
:> Intern'l Telep & Teleg'•
14% Jan 28
Jan
98% Jan
20
Feb
74% Mar
178% Jan
100%
197% Feb 20
3
106% Jan
preferred——-i—-i—100;
Jollet &
105 >
21
-—50
Silver—
2
Jan
Feb
112% Feb
—No par ;
Salt—
36%
m:
International Shoe————No par
7£.
40
(
.
preferred—^——i_-«—il00
International
27%
26%
39
,27
44
51%
26 34
38%
*25%
■
S 175
.26%
♦153
2,200
1
—
International
800
46%
195
26%
152
136
>
,
106
29%
22
50%
♦110 V
145
53
152%
•
■
KoiW
> 155
*150
159
26%
.44%
15»
20%
:57';'J
>115
1063%
157%
38
44%
5i%:
in
*137
155
-
26%
41
23
152% 153
140
1393/4
26
28%
58
46%
*166
*147
> 175
28%
155
*110
154
*147
27
27
22%
■: 111
*110
175
58
47%
199%
41
451/4
•51%
58
463/4
26
4
*153
23
•
,
*166
26%
27
44%
*153
47%
195
*147
>>: 42%
it
.
*166
199%,
'
9'/a Feb
—100
International Paper -;'Co——13
5% conv preferred——-—100
•Inter Rys of Cent Am——No par
Preferred
100 % Feb
5
10 Vs Jan
Int Nickel of Canada———No par
28.000
-
20
Feb
29% Feb 20
95% Jan 30
:
preferred——-,—^**100 >
International Mining Corp
5.400
10
140
4%
..
30
6
91
par'
Preferred ——^—.100'
Int Hydro-Elec Sys class A
23
International Min & Chem——5
5,200
200
4O3/0
393/8
114
1133/8
'
98%
*137
:'>43%: <44%
114%
24
112%
138
"I
<10.900
311/4
9J/4
39%
138
43'/8 >44%;
114% 115
111%
'
42
144
116
23%
"'
41
*140
423/4
144
International Harvester—^—No
430
-
11%
30
♦973/4
•
a *140
6,100
197
Feb
Jan
190% Jan
Int Business. Machines, new—No par
'>>400
92%
91
197%
103/4
30%
98
204%
204%
205
94%
196%
31%
98%
♦195
923/4
196%
197
215
195
—
>
Jan 31
52
19% Nov
343/4
Jan
109% Jan 31
112
• Jan
4
1093/4 Aug
141; Jan
154
Feb
2
101
2
135
Feb
55
Jan
3
114'
Jan
141% Jan
14
2
40% Jan
8
Jan
25% Jan
15
53% Feb
3
126
>58% Jan 14
115% Feb
3
100% Jan
-l
16
.
2z
Jan
118% Aug
31 "»JanT
109
"Sep
90
Jan
,27%; Jan
"2
107% Feb
6
79
Feb
4
91 %
160
;
31% Jan
10
Mar
Jan
19% Jan;
22%
Dec; >
47
Nov
114% May
SI
"!
145
Nov
137%
Dec";
161.;
Nov
>r
Dec 1
,
Dec
>'
Nov
>v
105
Dec
;>
139
Nov
;
; lie
140
46%
30% May.>>
K
15
20
Jan
10
122% Jan
3
117
29
13
' Jan
Jan
34
•
33%
33%
k119 >>'
:>
*119
—
30%
30
;> 28%
63
*119
►119
30%
63;>
283/4
263/4
63
63
62
v
40%
40%
39%
40%
39
•
25%
25%
243/4
25 y4
32%
29
*33
29
,
;
/
34
29%
For
>
footnotes
27
*119
27%
27%
28% \
20
3
65
Jan
9
40% Feb
16
22% Feb
19
26% Feb
Kelsey Hayes Wh'l conv cl
31% Jan
22
34 % Jan
29
22*%
Feb
13
30
Jan
9
18%
see
60
38%
1,300
Kaufmann
22%
24%
23
24
24
24
4,700
Kayfier
333/4
32
32 y4
31%
32%
32
33
1,400
273/i '
283/4
27%
27%
27%
27%
page
JVL
1047.
-
•>">>>
2,200
31% Dec
*
Mar
;
124
31% Dec >
4
*58%
*38%
;;;;
Jan
new.
58%
38
400
34%
19
58%
38
:•
Jan
36 iu Jan1
62
39*
.
Jan 21
323/4 Jan
29
.
29
119"
\%
non-cum
Class
preferred—
Dent Stores
(Julius) & Co
B
.26% Feb
58% Feb
27
Jan
18% Jan
Jan
Jan
,
35 Va
31
t
Dec
67
38
Dec
.
Dec >
Dec >
Volume 163
Number 4467
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
tow AND
HIGH
SALE
PRICES
'
Saturday
; r
Monday
Tuesday
Feb. 16
Feb. 18
$ per share
$ per share
57%
57%
56
37
36%
36%
64
64
64
-'Feb.
'
10.
Wednesday
$ per share
*36
'
*18
18%
:-
":89%.
■
89%
•35%
18%
89%
89
109%
37%
17%
90
53
109.
109
110
V
17%
17%
16%
16,
48%
47
47
46
!49%: 49%
49%
49%
48%
'49%,
8%
8%
■55%
55%
7%
54%
>45%>46%
*74
78%
72%
*74 '
73
>7%
>8
17
1,100
37%
>
-38
140
5,900
110%
80
37%
4,700
*15%
45%
48%
.
48%
1,300
4,600
17
.
4oy4'
53
jjamoert
445/»
Lane
76
*71
76 y4
•
*71
76
*67
683A
43'/4
13%
>45 >
14
5%
4% %
60%
*583/4
>
70
.
*56
52%
27
33%
34%
32%
65%
673/4
63%
143/s "
12%
13%
33%
331/2
93%
91%
91'A
91%
02%
-93%
93%
197%
•
197%
•59
79%'
59
80
G4%
.
v
*
30
123/4
90%
...91%
91%
>
733/4
•
72
73
77 >:
69 3/4
62%
633/3
303/4
293/4
30'A
42%
38
40%
55
61% < 62
63%
>
.5
33
91
> Feb
90% Feb
.—100
194% Jan
92%
.
Preferred
Lily Tulip Cup Corp—4
Lima Locomotive Wks___
•lank Kelt Co
,
64
29%
41%
—
293%
-
38
373/4
35
36%
35%
71
7iy4
703/4
70%
69
69
66
68
66%
68 >
Lone
30'
30'/6
293/4
30%
28 i/a
29 %
273/4
28
28
28%
80
80
78%
273/4
79%
28%
74
75
75
76%
70%
Long Bell Lumber A
Loose-Wiles Biscuit——.
28%'
26% >71/2
; 76
26%
*193%
194%
193%
194%
193%
193%
*30%
31%
*30%
313/4
29%
30%
64
67%
64
26
271/4
24%
>68%
>28%
69
4
68%
69
29
'
27%
28%
i
126%
26%
Loews
.27%
192
*190
29
29%
' 64%
64%
65%
26%
25%
25%
*29%
Star Cement Corp
<P)
Monday /
Feb. 16
$ per share
:
.
493/4
*38%
74,%>>
36%
27%
*4S0
363/4
36»/4
.
15%
*490
15%
17%
;
>>■
46
42%
27%
27%
61%
40
32%
32%
*195
'31%
57%
.
*110
112
153/4
*50
*315
37
112
900
30%
4,500'
*110%
15%
...
115%
36%
34%
39
>
373/4
68
68
52%
23%
>'27%
*120
29
23%
*106
29
—
*26%
23%
58%
34%>' ^58%
161% 161%
>■
105
1043a
1043/4
45%
47
46%
46i/4
923/4;
23%
553/4'
*110
*107 Va 114
*46%
:>
L.
>
46%
15%
31%
16 >
47 %
*50
.
138
28%.
28
60
#
50
45%
1237b
14%
124
30%
> 31%
14% >15 >
42%
V
*
33
82% >
20:
32
33
58
19%
51
.
>:
108%
*49%> 50% :>
19
>107%
*48%
footnotes see
33
19%
v
108 3/4
49% »
page! 1047.
40
X31'/2
54%
>
50%
31%
55
107
107%
*48
49%
2
Jan
V
""
; •
$4
preferred
•
Jan 10
23s/s Jan; 3
106
No par
—
—>1
McLellan Stores Co
5%' preferred
——
21
700
114
*110
114
4.200
3,100'
t:>
.
1,300
22.400
100
3,400
.
42%
43%
43
43%
48%
481/2
48%
38 >
7,900
49
>383/4
36 >"• 38 *
37
134% 138
*114
*115
-
■ -
•
*37
>
*114
4 *115
118V '
2,800
39
800
4.000
1153/4
118
;
111
111%
>
"
' 78%
"803/a
22,500
26%
26%
4,700
500
77%> 78%
26 V
26%
•56
> 49% :
291/4
58
50
*t>6
>>
■
V .'
30
30 '
30%
.> 50%V 52
173/a
18ya
i07.. 107/
•
.
•
,
,
48
48
58
*56 '
29%
30%
60
58 >
30 >
>.51
400
3,800
1,400
1,700
31
'53%
17% >18%
*105% 107
>.
'
.">/, 48
48%
7,400
V
140
400
30
107% Feb
13
28
Feb 2
17
28
107% Jan
21
19
45% Feb 20
16
Feb
20
29
Jan
16
713/4 Feb
20
87
Jan
16
49 % Feb
15
24
38
53
Jan
,
2
Feb
20
108% Jan 11
"12% Jan
5
10
3
•
13
32% Feb
70
No par
Jan
-
2
211/s Jan
3
No par
52
Jan
4
Minn-Honeywell Regulator —^—-3;;
112
Feb
6
4% conv pfd series B
,-100
110
Feb
4
4%% preferred series O
:—100
112
Jan 14
•:
4% preferred' series D-—100
45% Feb 19
Minn Min & Mfg———No par
113/8 Jan
3
Minn Moline Power Impl
1
119
Jan
3
$6.50 preferred——JNo par
29% Feb 13
• Mission
Corp—
—
.—10
14
Feb 20 :
Mo-Kan-Texas RR
__No par
7 % preferred series A—-——100 > >42% Feb 19
48% Feb 13
Mohawk Carpet Mills—
——20
:
29% Jan
2
>: Mojud Hosiery Co Inc
—2.50
>
32 3/i Jan
2
Monarch Mach Tool—:
No par
116
Jan
2
Monsanto Chemical Co
10
114
Feb >1
$4.50 preferred ser A
No par
Minn St P & SS M A Vtc
•
.
—
;
Preferred series B
*110% 111 >
29
Jan; 31:; 107/2 Jan
>51
Jan
103
-f
:
•
600
/135% ;I36 >
1153/4
%
10.300
6
Jan
26 y4 Jan
3
Jan
156% Jan 24
8% cum 1st preferred
Minneapolis & St Louis Ry
130
89
2
293/4 Jan
25% Feb 20
104% Jan 17
-100
88
29% Feb
120
> 53% Jan 22
Miami Copper———.
Mid-Continent Petroleum
17,700
- 1611/4 1611/4,
1
Feb, 14
30% Jan
-
17
Jan
116
-100
—10
7,600
88
Feb
34% Jan
8
2,100 > Midland Steel Products——No par
"'rl62-
14
62% Jan 10
45
20
291% Jan
;
45% Feb'
3,
x35% Feb
16%
30y*
17% >19
•46
112
20
57% Jan
:
11% Feb
4
20% Jan 23
4
3774 Feb
20
8
-4
Jan
109% Jan
54%
58
.
•2978/
56%
56
;
*50
;;
f
-9% Jan 21
17% Jan ■ 3
33%
27,.
58
►
28
157a
>45%> 45%
; *4.5
.453/4
>13%
14% > ' 15%
16
v
12378 12378 "
«123%125
^3q%.. 30.78
31% V 31%
: ; l4ya.
>14%'' ' >' 141/2 15"1"""
111
811/4
>26/4
60
31
>
15
Jan
54%
44%
77%
28%
51
-
58
For
;
111
443% Jan
5
:> 6% Feb ^20
■
25
26% Jan
Jan
327B
•110
'46%
13%
*58
,
32%
*32%
>107%
110%
114
*110
;
111
81%
32%
,
*1073/4
15%v>
*110%
833/4
*58%
-
*110
.
161/4
22% ' -v "22%
22%
'52
> -53%
,52
>54%
*108
113"
*108
113
•1073/4 110%
*107% 110%
53ya
113
16% Jan
Feb 20
22
38
20
53%
88
.
.
28%
-
53
537b
110%
> -22
40%
41
39%
395/8
137
;
139% 140% >
139%
;: "*114
*114
115%
•
V1153/4
*115
>115
118.
118, :
83
50
90%
23%
22%
48%
53
110
'37
117
>110% 111
>
163
*88
V
*47
54%
111
3
13% Feb
33 >
t
>115.
,
44%
>
2
23% Jan
153/8
,
; *114 > 115%
,
29 y4 Jan
>
53%
*161
40%
138
1087e Jan 18
; 32%
50%,
*50
50%
>30 >>.50%
423A >;>;>41>> >2 ■>'*'> ";ri8% V 40 "V ..
»-42:
J,
40%
:
-
160
"
32%
15%
> 44%
;.
.
57%
45 %>
31%
46 %
163/4
343/4
55
*124% 127
323/a
13%
-
153/4
32%
16 '
>123% 128
72
53
46%
16% /'
16%
.7
44V4 Feb 20
•
McQuay-Norris Mfg. Co.
Mead Corp
—
No par
$S preferred series A..—,-No par
V 70 * '
$5.50 pfd ser B w w—,—No par
800
: Melville Shoe Corp1
1
5.600
Mengel Co (The)—
1
90
> 5% conv 1st preferred
—50
700
Merch & Min Trans Co_
No par
1,300
Mesta Machine Co
5
150
Metropolitan Edison 3.90% pfd—100
247a
72
*110%
«
114
48
24%
74
44%
•/
*1073/4 110%
*107%
243/4
Feb 21
Jan 30
195
Jan'7'8 ■> 196
1% preferred-—-————100
59
Jan 10
Jan 21
May Department Stores
-5 > 53
111
Jan 29
1083/4 Jan 12
$3.75 preferred
No par
16
Jan 15
14
Feb 20
' Maytag Co—No par
49 > Feb 20
51% Jan 10
A3 preferred—*
4
No par116
Feb 21
112
Jan
7
$6 1st cum preferred
No par
50
62% Feb 14
Jan
4
vMcCall Corp———.w——
: 28
Jan
2 >
37% Jan 16
McCrory Stores Corp
r—1
116% Jan 30
1097a Jan 14
3%% conv. preferred———.100
36 % Feb 20
>41% Jan 15
McGraw Elec Co—
—
;1
3i y4 Jan 22
38
Feb 16
> McGraw-Hill Pub Co—
No par
69
Jan 10
'66% Jan; 8
Mclntyre Porcupine Mines
5
53
Feb
4
41% Jan. -2 V
McKesson & Rabbins Inc
-18
300 '
255/b
713/4
,
55%
113
*110
113
*107% 110%
.
v
92%
'23%.
54%
25%
24
.18%
92
24%;
,
per share
1547s Jan >5
„
40
*1043/4
57%
923/4
;
—
.
No par
112
Jan
$4 preferred Series C
No par
No par
109
Jan
721/4 Jan
Montgomery Ward & Co
22
Jan
Moore-McCormack Lines Inc
.10
54% Jan
$2.50 cum pfd—
——50
491/2 Feb
Morrell (John) & Co———No par
29y4 Feb
Motor Products Corp
—No par
29
Jan
> Motor Wheel Corp
5
44
Jan
> Mueller Brass Co
—}:> >17 Jan
Mullins Mfg Co class B—
—3 ;
106
Jan
>>> $7 preferred
—-——-No par
38% Jan
Munslngwear Inc
No par
29
7
3
3
7
20
20
3 >
25
:3>
8
3
60% Jan
111
Jan
.
Lowest
.
.
3,200
118
>
50%
47
55 >
.
*116
27
,
>66% Jan
20
.34% : B5 >
58
59% .:
162
162
.
2,000
26%
105
24y®
■J.
48%
IO71/2
66ya
'
2,000
/16%
■
v'.
58%
67%
47
*106
223A
57%
35 > ■
230
3,200
2,000
107%
47
^>>T8>183/4:
1,200
35
22%
*110% 1U,
-
36%
107%
26%
263/4
78 »/* * 78%:
49%
115 '>
35
25%
21%
27%
49%
4,000
107%
21
50%
105
*110% 111
35%
36%
120
25%.
513/a
57%
>..>
20
1,300>
*106%
105%
83
400
59%
•
233/4
104%
*79
-7.200
>
*113%
27
120
*50%
27
143/4:
493/4
116
36%
> 107%
253/4
27%
*106%
•
112%
108
x23'%
107%
*106
—
.
,
453/4
108 %
29
2,900
35%
663/4 .663/4;
"48%
52%
*106
29
*120
68y4
503/4
108%
,
35»/4
343/4
*67%
513/4
—
56
59%
115
36%
37%
116
351/4
*1131/4
38
38
14
*48
115%
58%
12,600
31
'
*110%
-
15
49
"
38%
♦1C6
,
112%
14
49
V
1,870
8,200
403/4
543/4
> Range for Previous
Year 1945
;>-
Range Since January 1
Lowest
Highest
,37
Mathleson Alkali WkS«-.^.—No par
18%
30%
*195
55
4,700
30,000
116
383/4
__
54%
700
1,500
.
8 per share
y
3,100
38%
.
Par
10.100
37%
•
V
37%
10%
4
3
>
293/4
116
3
;
253/4
58
116
,■
<
583/4
60%
36
116
14%
<
37%
-
60
37%
116
*110%
STOCK
58%
56%
52
*115
613/4
'
15%
*50
-■
61
112
143/4
52
3
Jan
17% Jan;
25
*195
54%
Jan
28
623/4 Jan
247«
31%
*195
57%
*110%
16
*
29%
32%
_
56%
26% Feb 21
58%
37s/b
60
38%
„
3
20
190
;
23%
25%
58 »/4
38
"
'
5,200
423%
*112
393/8
.
:
;
42%
.115
37%
7
17%
41%
*112
40%
24%
61%
39
*195:
__
56%
38%
27
60%
39
"
115
—
39%
10
177b
40%
*112
600
5,000
O
23
6%
63/4
10%
17%
:
42%
26%
62
40
45%
-
300
.
39
3
Jan
701/3 Jan >3;
—25
57%
38%
97s
115
41%
5,200
36;
>25%
> 575
13%
14,.
13%
6%
10% .10%
I
17%
18% ■ ;
*112
48
>112%
22%
7%
44%
115
42
,,
;
18ya
45%
*112
:■
>
10%
400
3,100
25 y8
231/4
7.
YORK
Shares
*490
13%
42
7%
10%'
„
*35
253/4
575'
38%
23
42
42% ,>
7 Va
64
273/4 Feb
x35%
15%
421/4
No par
10
EXCHANGE
the Week
693/a
457a
*110
36
233/4
*490
223/,; 22%
$ per share
C
37JA
68%
111
*34%
575
15
37
47
111
36%
27%
26%
>
44%
iio%:
,
21
20
3314 Jan
No par
Co
2
Jan
STOCKS
NEW
Sales for
Friday
*157
69
,
4
37% Feb
IfecAndrew* >8i-.Forbes,..., —
10
6% preferred
——_—
100 >
Mack Trucks Inc—
No par >
Macy (R H) Covine
No ptr>j
» 4%'% pfd series A———-1100 >
* 'Madison Square Garden——Nonpar
- 'Magma
Copper—J—10 >
Mahoning Coal RR Co—
—.50
Manatl Sugar Co
—.1
' Tdandel:Bros_L.M^—«^—-No par >■
Manhattan Shirt
5>
Mai'acaibo Oil Exploration
— 1 •
'
Marine Midland Corp—
-.8
Market St Ry •8% prior pfd——100 /
- Marshall Field & Co
No par m,
4%% preferred _—
.—100
•
Martin (Glenn L) Co—
1>
Martin-Parry Corp
«Vo par <
• Masonite Corp
—
No par
Master Elec Go———
—1>
38
67%
20
117% Feb
Louisville & Nashville—-t-——-B0
Lukens Steel Co—
-10
Feb. 22
$ per share
*157
49%
110
283/«
575
:
*37%
Feb. 21
/
$ per share
73
49
:
$ per share
;>>
-
73
50%
.
^io9%|iio%;
Feb. 20
39%
*157
;
-
73%
>
>
>„i;i<^Thursdiay
;Wednesday.
;
Feb. 19.
$ per share
*38%" 39%
*157
.Tuesday
Feb. 18
3
3
21 v
129 > Feb 20
>34% Jan
3
1% .preferred—————100
Louisville Gas & El A-^aii&Jto par
LOW AND /HIGH. SALE PRICES
Saturday•
47;
No par
Inc
Lorillard
192y2
30
192
.
9
4
.
113/4 Jan
■
383/4
37
Jan
63 % Jan > 3
Xockneed Aircraft' Corp»i—«.i
391/8
35%
Nov
17% Oct
x49% Nov.
v50% Oct
3
>37%
37%
Deo
-Dec
Mar
8
31
Lion Oil Refining Co..
No par
Liquid Carbonic Corp—
No par
3 %$£> Preferred —v——^--100
353/4
>28%
573/4 Feb
26 % Jan
58
39'
38%
8% Apr
35% July
37
Jan
Nov
96%
40 V4
112
35%
49% Feb 20
No par
118%
41
Aug
Aug
Mar
26
>.
20
3D.
373/4
28
*
Dec
19
Jan
72% May
107
Dec
Nov
67
3
69% Feb
117%
40
Feb 16
8%
35
3
49 3A Jan
No par
38
413/4
38%
38%
•
Jan
8
Jan 31
Jan 29
Feb 15
51
>•■'
>• 4% Jan / 7
No par
74%
Jan
•12
Jan
118
29%
,
110%
39 %
18%
48%
49%
Jan
Jan
3
Jan
—28
25
37%
29
93% Feb
4
42
Jan 15
35%
227/s Mar
38%
-8
;
56 >
V,
6
Jan 30
68% Jan 14
> 18% Jan.;29''
38
-Highest
$ per share
3
39% Jan
Liggett tt Myers Tobacco.
Series B
:
117%
42%
Jan
Jan
Life Savers corp new—
205
*201
643/4
•
91
91.
199 > 20O
56% -57%
198
198
57%
57%
■>
12%
*33%
34
V 58% Feb
>
Year 1945
$ per share
5
66
34
>33%
34%
>64%>65%
share
2
15
—
13%
.27 >
,
per
4
91
27
13;
33%
*89
Preferred ——————50
& Tire
—5
—
533/8
50
661/4
35
•
;
583A
*56%
>
331/2
69
*91%
>
57%
•'49% >52%
353/8
<
14
'
>'27»>27%'
27%
433/4
Range for Previous
Lowest
7
Jan
61% Jan
par
Coal & Navigation Co.-—10
Portland Cement———.125
Valley TtR—
50
Valley Coal——
No par
6% conv preferred
—50
Preferred ctfs of deposit—50
Lehman Corp; (The).;
*
—.1
Lehn & Fink Prod- Cdrp—
——8
Lerner Stores Corp (new)—No par
Libboy Owens/Ford Glass
No par
Libby McNeill As Libby—
—7
••
5y8 > 5%;
',..58 •>
58%
57%
*561%
'53
'
133/4
4% >' 51/8
;56i/2
57 y4
53%
273/a
*34%
>
13
5%
58 %
6 3/4 Jan
43'/»Jan
37
NO par
Lehigh
Lehigh
Lehigh"
Lehigh
-
423/4
.
(The)
Lee Rubber
16
133/4
<43
Co
Bryant———-—No
683/4
683/4
:
> 15%
15%
421/4
14
5i/a
56"/a
58
•54%' 54% >27%' 27% ?
:'36%V 36% i
69%
141/4
-
5%
60
*59%"
■
*45%
<
■■
151/4 <
5%
59%
151/2 "
y$
t per share
\
Baclede Gas tight' Co——-—-14
52
> 44%
16%
Par1
•
.
52%
703/4
■
-
....
443/4
15%
: > i
% v -■ V
Range Since January 1
■
-•./'/Lowest ^ ; >
Highest'
>>
»•>
—
513/a
70%
16%
>
—
'
46
•14%.
-•
>
■
-
"
16%'
•>
-
STOCK- >>>>>>,>
Kennecott Cojbper—
No per J;-48
Jan 3
Keystone Steel & Wire Co—NO par
32% Jan 3
Kimberly-Clark Corp.
No par
>61% Feb 8
. Kinney
(G R) Co-..——
—-1 >>16% Jan
3
$5-prior preferred
No par ;
88% Jan 16
Koppers Co Inc
—10
37
Feb 20
4% % preferred
-100
107% Feb
6
-Kresge (SS) Co-..—
10
33 y« Jan
7
Kresge Dept Stores—-l r
16
Jan.- 8
Kress (8 H) & Co—————No par
44
Jan
3
Kroger Grocery
No -par > 44% Jan
3
8%
8
■
500
16%
46
'
"
<
*42 3/4
54
♦71
■
70%
500
89-> v80/,;
47% <48%.
8%
600
<y
46%
52%
43%
453/,
■
;>
36%
46%
'
'20,900
.
YORK
EXCHANGE
Shares
109%
47%
36
>>>>>> NEW'
■
the Week
64
17
; HO
.48%
*16%.
*47%
36
:
37%
16..,
37
Feb. 22
*
90
36%
16%
X37%;. 37%
Sales for
Friday
53%
36
39%;j;>>>57>>>39%?>
38%
f
109 y4
*88
v
$ per share
*63
,
,
39% 140%
109%
37
18
89%
.
40%-' 41 >
*108%
•
$ per share
54% >/>• '52
*53%
'35%
•
* 34
34
'62% 1 <J3 •' • '
*62% >'-64
17%
18>>>>
16% '17>>
57%
'
■••
-
$ per share
'
'64 '
STOCKS■
fhdrsday
./Feb. 21 ;
>
-Feb, 20
,
9
17
,
$ per share
Highest
$ per share
NEW YORK STOCK
LOW
•111%
22
*55
;1
64
55%
•62
'•> 64 ' '
24%
37%
33 y
32J/2
-19%
.20
27%
31%
33%
'
-
' '
29%
29%: ;::
-
33
-
>-; 28 "
*
43%:
28%42, V
'
•
48 >'7
48% "
12A*
*
-47
12A'
'
*12^
74
.
20%
41%:
"
75%.
:
62
29%;
29%
*105%'107%'
:
■'
38
38
-
18
i;.:
19%'
32
;
28
27
18%
25%
25%
68
40%'
37
200
167%
?
*57
'
11%;
91%'
33%'
■
33%
23
'
23%
•
>31
11%'
90
33
60
'
*105%
106%
59
26%
' 27% >
106%
34y4: -35^4
199y2 199%
,167% 167%
v
,
24
-
• - • «
*199
104% ;
;
32 y«
32'/a
27 Va
31.
20%
19%
:
20y8
14%
.31%
4
31
.
•
.
28
20
;*110%;
46%
♦110% .112%47
47%
32%
33
,31
29%
66%
32%
66%
65%
33%
53
./
53
31-58
50%
.
127Va 127%- <
Vi37-::; : 37%
'•
♦26:
>
*58 ;
62
•
.
'•
345
62
•
V *300:
35y2
*108%
42
28
'28
29%
*
272 yi 275
124 ;i 126
;
34
47%
"
16%
34%
113
;.*57'
-
52%
*51%
51 Va
18%
19 y8
,
19l/a'
31%
113%
"46%
*57
.
19%
-
30
^124% 124Va
31%
32%
•' , 14% • 15%
*112% 113%
112% 112%
114
48%
47
^
53
54
*57
17'A
16 y8
*57
18%
;18%f 18%
19 »A
■
i'a.
"■
■
i.
;
48%
54
16%
57%
18%
'
#21% Dec
48'A Nov
Jan
64
53
Jan
52
Dec
66'/a Nov
15% Jan
25% Dec
?
35% Jan
56
,
18
Jan 30
Feb
13
15
.22y« Feb 20
25% Jan. 15
46% Feb 13
:
,
52% Jan 16
.
:
:
,
i
Nov
56
10%
87
National Linen Service
3,900
21%
30%
3,400
1,170
3,400
7,300
.
.
800
..
.
conv .serial preferred___l00
106% Feb ' 5
108
Jan 29.
.Newberry Co .(J J) New——No par t
32
Jen 4
40% Jan 17;
3%% preferred
100
108
Jan 10
109% Jan 8
New Jersey tt &' Lt Co 4* pfd-100
110% Jan; 17 ; 111% Jan 30
Newmont Mining Corp ,,,,
, ,10:
' 42. Feb 19 - 49% Feb * 8
Newport Industries-^—
I. - 30%Feb 20 - 36% Jan ' 9
v
__
3.600
3.100
7,300
2.800
60%;
79,600
1,800
2,100
600
100
100
10
390
15,000
400
.
1,010
ao
27,900
26,200
*112% 113 %
48% . 49%
52% 52%
16% 17
*56%% 57 •
■
18% 18%
70
10
44,600
.5,600
530
2,300
Sbip^b-Dry Dockj—1
' Newport News
>
-29% Feb *8
24% Jant-4
Feb
-103;
35
j.y 4%%
—
31%
28 -
J;
..
3,100
44
.Nov
,25
16% Jan
Feb 18
-
.
5,100
1,200
26
,
.
1,800
13,000
104%
27%
; 18%
14
30%
59
108"
37
111
111%
22% Feb 13
.
National Oil Product* Co—
.
42,900
k
31'A
Corp.——1
Co——No par / ,.£0% Jan ,3
41% Feb 4'
21'
Jan { ; 35 -Dec.,-"A
.4
54'/2Jan 4 / 68
Jan 11
33
Jan
59 - Dec
National Power & Lt————No par
loy. Jan 3
12% Jan 24
>7% Jan,
• 14%,Nov/ ;
National Steel Corp
—.25
81
Jan 4
91% Feb 15
65. Apr.
^85%. Nov.;
.National SugarRef Co—No par
31
Feb 20
34%Jan 2
22% Aug
36. Dec fNational Supply tTbe) Pa——HO
20% Feb 20
25
Jan 18
15
Jan
24Va Dec
v
$2 conv preferred.——
.—.40
29% Jan 3
32
Jan.*29
26% July..
33V» Mar
.
4%% preferred —^—100
101% Jan =24
106
Jan. 2
102*A Nov, ?
107'A Dec
.
National Tea, Co_„
———10
26% Jan 19
28% Feb B
10% Jan
29% Dec
Nat Vulcanized Fibre Co-,——; 18% Jan ,25
20%-Feb, 11
.
—>
; —
*—
NatomasCo—
pat
>13% Feb 19 ; 15
Feb 2
? 103/i Jan,
: 14 %; Nov i
Nehi Corp——.—
No pat
26% Jan 3
32% Jan 30 : >' 15%«Mar
28% Dec
Neisner Bros jnc———-155
Feb 13 t 64
Jan 14.
30- Jan.
61 '/a Gee - •
Nat Mall & 8t'l Cast
1,100
15y« 15%
113% 113%
30% 31%
-
Jan
55% Feb 15
-
3,600
6,300
262% 266
*124% 125'A
31% 32%
■
30%
29%
»'87%
16 y8
•
113ya
.
31
51 %
57%
-
33%
62.
267
261
125
15%
"15
49 ^ 50%
52%
53
17%
18
57%'
'
r
272
262
*123%
113 %
*112%
-
52%
18%
50
-
.
*290
320
111% '111%
•■■•25% 36%
*45
49%
'
28
50
*112%
'31%
113%
'
*57
113%
33%
: *112%
.
\
62
325
325 r
110% 110%
34%
16%
15%
113%
33%
36%
*25y4
25%
3flt%;
^ 49
120
124%
*36% 36%
*26
26%
*57
. 62
*290
340
*111
111%
26%
27 :
*51% 52%
27%
27
*57
125
16%
•112%
*36
22
.
37Va
60
30
49
.
123
120
•25%
275
33%
48
50%
.
-
61
30%
49
29y«
,
-36%
25
213
.
60%
.
124
36
28%
-*123y2
.
.
34%
31
51
27%
-50%
*
64%"
123
,
*110%;lll%
42%
42%
30%
30%
27%
28%
;
30%
65
'•; :>;?■'
;
45%
,30%
i
27Va'
36'/a
111
*110% 111%
/
-
'
29%
345
;>5i: ^;5i%;
30y»
.58
*106% 108
*35
36
*108% 111
29
*55
58
61
'110% 110% V}' *110%. Ill
*285
-
1081
66
32%
153%
126% 128
*36'/a
37%
s 26
r 26
18 v
13%
,.
14%
58
27%
19
13%
27
31%
•106%
j
27%
.
19%
18%
13%
46%.
'32%
29%
29
29 y8
27%
30%
21
:
"
.
199%
36%
86%
31
21»A
.30%
*104%
• 27 »A
18%
13%
29%
*57%
*106%
35%
*108%
*110%
42%
31
27%
-
30 30%
104% 105
:
105
27%
;•
112%
,
31%
30%
104%
14%
31%
5960
59%'
*106%, 108
' *106% 108;
37' - • 37%'" * ' 37 ", 37 %
*108% 111 *108% 111
.14%
21%
21
22%
27%
19%
'
14%
31%
V5 59%
27%
10%
87
32
86 »A
>
3
Jan ? 3
•
55%
10%
55%
.
10%
89%
•
.
55
57
,11
10%
"
Jan
•
25
37y*
,87%
-
:
Dec
-
■
-
36%?
34%
Jun
-
•
28%;
*167% 170
24
36%
12%
60
106%
• ',
;
31:
31%
104% 104%
32
*
104V2
58
89%
,32%
21%
!f 44%>
70
;36%
57
57
11
58
11%
"90%
44%
1
7? 27%
24%
35%
19%
39%
69
•
167%
23
rr
'
>
27
19
69%
59
-36%
200 •
39
26%
38%
109 lA
.
40%
39%
I per share
150
,115
XB2Y4 Feb
2
-
■
205 J
28%.
18%
19%
19
$ per share
,
16
National AcraeCo——1
32% Jan 3
33 Feh 5
20Vt Jan ,
37% Dec :
5,200
National Airlines
———1
28 V2 Feb 20
34% Jan 2
16% Mar
41% Dec
12,400
Nat Automotive Fibres Inc..
—1
16% Jan 3
20y2 Jan 15
9V2 Mar
#19%\Nbv>;j:
6,900
- National
Aviation Corp
—5 > : ^ 24% Feb 20 ; 28% Jan 29
13% Jan • • 32% Dec ■
500 > National Battery Co
_———4 £y: 29% Jan 15 ;/ 33% Jan 30 ^
r, — — <
13,500
National Biscuit Co
— lO
;; 31
Jan 4
34% Jan 15 » „• 23% Mar 5
,X34% Dec
100
-.7% preferred
100
.193 > Jan 2
201
Jan 31 ;l
181% Oct
:> 195 ■ Dec
500
Nat Bond & Share Corp
No par
27
Feb 20
31' Jan 29
20V» Jan
30
Dec
:
11,500
.
National Can Corp
.—10
17% Jan 2
21% Feb 5
13ya Jan ■';>> 20% Dec t;
4,400
Nat Cash Register
No par
;„, 37% Jan ; 4
45% Jan 2931% Apr ;
41% Nov
4,300
.
National Container.—,
——1' r 26
Feb ,20 {> 30% Jan. 14.
12% Mar V r:!. 32%.Dec ;
4,500
National Cylinder Gu Co—...—1 .•"• > 17% Jan . 4 .
21 y2 Jan 16
13
Jan ,
19% Dec
12.400
Nat Dairy Products—
—No par ,
34% Jan 2
43 Jan 28 „
24% ,Jan
38 -Nov >
5.000
National Dept.Stores——Np jpar >#37% Jan Jl.48% Feb.: 16$ , 20 Va July; " , 40% Dec
;
'700 "»
6% preferred——.—.10 ■
11% Jan, 2 . 12% Feb 20* ,11% May
12%,Mar [y
15.700
Nat Distillers Products
.No par
.65
Feb 9
84% Jan, l4 .
35% Jan
78 : Dec
600
Nat Enam As Stamoing——No par .
48
Jan 2
67% Jan- 29
,37, Jan.
54yi;Nov
15,500
National .Gypsum Co———.^.—1 .
24%t Jan 3 -.r 30 Jan. 28; . 13; Jan >>■ 26%; Dec >s
40'
$4.50 conv preferred——No par. .105% Feb 19
108% Janl 24 * xlOiy# Aug
:108 • Jun - '
7,200
National Lead Co————.10
32% Jan 3
38 . Jan 29;
.24;
Jan .
37% Dec .'•»
210
7% preferred A——100
,195y2 Jan 12 • 200 Feb. 19' 177
Sep;
<199l/a Dec
20
* 6% preferred B
100
165
Jan 8
170
Jan. 19
152
Sep
-167 -Nov
;
; ' 67%
:
105%
35%
•
32
31%
,165
Feb
114% Jan
2,500
30
30
—12^ff
28%
105%
>
Nashville Chatt & St. Louis.—100
12%
60-
26% ;
;
'69%
59
2
61
Nash-Kelvinator Corp—0
12^
•
10
s'
i
Highest
Lowest
50
380
*200
*28
204
27 J/2
>.44*^:.;rr'
•12^, 12Va
26
39%
40
'44'V:
•'
.
V
$ per share
Jan
18% Jan
38,900
39%
2718
18%
37% ,39
"
,
1,200
200
28
18%
39
26
19
38%
**
28
4-16,100
20 ;?
52'/a
62 %
'32%y-
;;-; 27
28
3P%. .20 '
38%
41
\ 48%
12%
24
204"
*200
24%
24'/a
*26%
: 31%
J *200
33%
•
112
Year 1945
Highest':-':?
\
* per share
109% Feb
142
Murphy Co (G C)——
4%% preferred--—
Murray Corp of America—.
4% preferred —.
Kflll iF E) & Bro——
"
Range for Previous
Range Since January 1
^i/^Lowest^'iv;;:
23
23 %
47% *. 48'A
35% 36%
.30%. 30%
18
;;18%
24% 25%
*29%
17% .18%
30
V
•>
;
?• \» •>'EXCHANGE;
Shares
share
90
•61%
.
22 %
48
35%..
34
the Week::•
200
52
,28%
26%
,
169
:
25
198 % 198 y2
*167% 170'
>'
198 %:
198 %
♦167%
36%
31
*29
70 %
73
*61
62%:
,
28%
29%
*105% 107
'
.','37
37%
63
,
47V2
29
30
19%
20%
41'
43%;
28% ;?28%
19
20%
40% .:42 .! •?
19%
i'
22%
35%
*28%
,
21 Va
43
22%
47%
201,
201
205
*199
23 %
48%
*61
$ per
STOCKS
•
NEW YORK STOCK
Sales for
Friday
Feb. 22
RECORD
>:;>>>>VMV:V.>
160
,19%:
,
;
per share
112
112 •
19%
52%
52%
61%
61V*
3iy8
33%
31
P\
55
63
53'/a
$
•150
160
112
19
20%
27%
19%
26%
31%
33%
B
28
,$$
$ per share
112"
19%
24%
48%
37%
32%
20»A
24
,48%
37%
'31%
25
48
37%
112
21%
55%
63%
'20%
56 y*
48
112
*111%
>
112
21%
Feb. 21
"146
150
♦146
:
Thursday
Feb. 20
■$ per share
160
1G0
165
:
Wednesday
yi
'
share
$ per
1 per share
•
165
>;,■/ >•,
SALE PRICES
HIGH
Feb. 19
Feb. 18
Feb. 16
AND
Tuesday
•
Monday i
Saturday
-
Monday; February 25, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
?
•
106
.105% Jan
32
Aug
,
New
No par
100
Central
York
N Y Chic & St. Louis Co
Jan
2
Feb 20
Feb 19
.
.
—
.
...
3 - , .19% Jan ' 9
18'A Jan
2.50
Norwlcfa Phannacal Co..',
l^oo
.
..12% Ja«
.
Nov
,
>
Dec J
38% Dec . ,
277/« Dec > •
18% Jan
xl6Mi Aug
-
69% Jan 18
45
Mar
35% Jan 16
21% Jan
59
Jan 17
32
Jan
67* preferred series;A——100
Feb 20
134
Jan 29,
103% Jan
N Y City Omnibus Corp
No par
Jan 21
,37% Feb 16
; 28% Jan
New-York;^'.DocfciiU——-No par., :
Feb rl
;28
Jan 15
17
Jan. ;;
85 non-cura1 preferred—No;par
'57
Jan. ;7 ' 162
Jan.; 17
41
Mar*, ,
N Y A Harlem RR Co
-80
325
Feb:19 . 325. Feb 19
162. Mar
.
N Y Power &-Light 3.90% pfd—100 - X107 »/a Jan 14' 111 % Feb 20
,102% Sep
:
•
N Y SMpbldg Corp part stk
—_1
19% Jan, 2
.
28% Feb 18
Y4% Aug 5 ;
Noblltt-Sparks Industries—;
* 48% Jan' 9 ■
53
Jan 19 . - 37% Jan :.
Norfolk & Western Ry^;—
100
246
Jan *. 3
277
Feb . 9.J 219
Jan ;
Adjust
non»-cum pfd
.'—100'
121
vjan ll ..124% Feb 20
118
Aug
;
•
North American Co.^.—
10 ..
29y2 Jan 2
35V'»Jan29
19'/a Jan
North American Aviation
V l3»AJanr3
16% Feb 16 , ..9%. Jan .
'
Northern Central Ry Co—
—50
:ill
Jan ,3 ' 113% Feb 21
105!A Jan
Northern Pacific Ry
—100
29% Feb 20
36
Jan 11
17% Jan
Northern States Pow 88 pfd.No par
112% Jan 28
114
Jan
3
110
July
Northwest Airlines
No par 45
Feb 7
56% Jan XX - 26% Mar, ? :
Northwestern Telegraph——50
49
Feb 7
55% Jan 3
46
Apr
Norwalk Tire & Rubber—No par
"lS'AJan 7
18y2 Jan 30
,
6% Jan
••;
Preferred
50- ,.;...56% Jan.' .3'.57% Jan.,, 9':;:Vv>0';--Mar
57%
29%
47%
120
35%
New York Air Brake——No par
108ya Mar
Dec
Nov
37
109
110 ;
-47%
Dec
Oct
58%
35%
75'A
148
Oct
Dec
Jun ff
Jun ;: <
39% Nov p
29; Nov t
65
Nov n
.410, pet 4
UQ ^ Dec j<
24% Mar If
. 50% Oct
258% Nov ;;
126Vat Nov r,
31% Dec a
157A Dec j,
112
Dec i •
38% Dec s
HflVa Mar ;
,
63% Dec
57
Nov i *
15
Dec
,57% Nov:., |.
21% Dec
:
'
'p;;vr
LOW
\ Feb. 18
fl Feb. 14 V
S per
112 >.
*109 %
22 y8
22%
32%
••
33
'
118%
*117%
i
share
per
*109%
#21%.
:
32%
117
;;
$ per share
share
STOCKS
HIGH SALE PRICES
Wednesday
Feb. 20
Tuesday
Feb. 19
Monday
Saturday
dfMb
•
t per share
$ per share
31%
*30
:
17%
v; 120 —
38%
38%
*171%
>
175
•31%
33
•95
30
X37%
*170
•
88%
the Week
•
16%
•
17
.
700
35%
•
140
29 %
5,800
38
34%
*172%
*30%
32
-
175
33
*94
100
"84%
88%
100
85'A
.
200
•
20
4,100
pfd——100
Ohio Edison Co 4.40*
6,000
119%
175
Lowest
Co^^—Nv par>
Oliver Corp. — -J
No par
4% % convertible preferred—^100
Omnibus Corp (The)—88 % conv preferred A.^—--i.—100
Oppenheim Collins
10
Otis Elevator—?.—.———
No par
-
-
Coast
Pacific
Ins——•
—10
Co—!—
:> 1st preferred non-cum
No par
2nd preferred non-cum—No par
Pacific Gas & Electric
.—.29
Pacific Lighting Corp
No par
Pacific Mills
No par
148%
149%>
179:
:>• 9%>;10%:
Pacific Telep
6%
&
Teleg———.—100
—100
preferred—
:
Pacific Tin Consol'd Corp
Pacific Western Oil Corp
Packard
Pan
1
10
No oar
Motor Car
American Airways
Corp.,—2%
Petrol & Transp—8
Panhandle East Pipe Line—'.No par
Pan-Amer
4%
preferred
Paralfine
4%
Cos
conv
Paramount
Park &
———.
A.-—100
1
Prod. & Ref.
Panhandle
Inc.—
No par
100
preferred—
Pictures Inc
Tilford
Inc
i
1
——1
Mines—I
Parlce Davis it Co
No par
Parker Rust'Proof Co
,.——2.50
Parmelee Transportation
No par
Patino Mines & Enterprises—. —10
Penlek & Fnrd.
N-» or"
Penney (J C) Co new
.No par
Penn-Central Airlines Corp.....—1
fenn Coal & Coke Corp
—.—10
Park
Penn
5 ">r
Consolidated
Utah
Penn-Dixie
Cement Co new
Glass
Sand
Deferred—
Corp
•
\
7
No par
10O
Co..—No par
50
Pennsylvania Salt Mfg Co
—10
Penn
Power
Pennsylvania
For
footnotes
see
page
1047,
-
,.
115
.' 15%
115
28
&
Light
RR__
o/j
.
-
Highest
.
'
23
Jan 9
34% Jan 15
Feb 19
Jan 2
Jan 2
Jan 30
Jan
7-
; 39y3 Feb • 2
.
173 Jan 23
34/ Jan 25
89
.
.
•
Feb 18
100
,
Jan 30
19% Jan
22
24% Feb
t per share
11% Jan
Jan
13'/a Jan
23% Jan
155
Jan
22% Jftn
74
Jan
58
Jan
107
120
Feb 1132 y2 Jan 10
33% Feb 20
share
.
Wnw>peom
16
Jan
24
64% Feb
15
89%
16
45% Jan
23%
15
42% Feb
85
81
Feb >4
152%" Feb
178
1
-
-Feb
15
11 Vb Feb .16
.31% Jan
11
1?% Feb
5
Jan
10
49
Feb-18
110% Feb
8
.14»A Jan
10
Feb
8
109% Jan
23
.71% Feb
16
83
70
,Jun V
2
7% Jan
29
39% Feb
46
FCb
19'A Jan
24% Jan
75
Feb
14
29
11
57% Feb
1
45% Jan
9
16% Feb
2
30% Jan
32
115
9
!■: Feb 'V 5
Jan
23
27% Jan
24
,47% Feb
46
Jan
16
30
Nov
i
''1.;
Oct
>75%
Dec
!;
Dec
149%
j r,
.
10
Jun
,
Aug
175
J.
32% Dec ;;|>12 ;
Dec ,
>
Dec
29
20
.
Dec
?
!
x39% Nov.
in
>'.14%
x80»/8
110
Oct;,I
Dec 'j
Dec
;.
July Vi;
:,;57y4 Dec ,
.73V* Dec ■'*.
;!v5% Dec.r
39%
:•
Dec
.
17%
'
Nov
30
16
.
:
x60Va
18
34
Nov;;!
Nov,.':
Dec
42
10
19% Jah
27 :
.
Highest
106% Jan
17% Jan 18
•
Previous
1945'
16% Aug
24% Jan
-
Feb 20 ~xll9% Jan 14
Jan 2
Jan 21
Year
107% Jan
Jan 19
112
,
?r,
'tLbwest
$ per
$ per share
29% Feb 20 *
preferred.—3——————10®166
Mfg^—2.50. ' 28
Outlet Co
—.———No par
91
Owei»-DUnol« Glass Co—12.60
75
6b'
Outboard Marine &
Pacific Amer Fisheries
*177
-
111% Jan 15
:• 20y2 Feb 20
-Ohio OH
•
300
V
Range Since January 1
J pet share
9,400
*28%
Range for
;
STOCK
Shares
—
116
YORK
EXCHANGE
:2,600
119
30
100
88
]67/J»
120
NEW
Sales for
21%
*114
117%
120
*32%:
100
87 ya
$ 16'/2
Sper share
•
31%; 31%
20%
22 y2
33 >
-
17%:
120
--Fob. 22
112
*109
111%
Friday
Thursday
Feb. 21
Dec; i
24'A Mar
.72
May,'-15
163'' Number 4467
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW:.AND -HIGH SALE. PRICES
Saturday
-MoniJayTuesday.
;•.•
Feb* 18
Feb. 10
>,
Feb. 18
k
C
y per share
;
50
52
* 9
$ per share
51%
*93%.
93V\
95
37%
.93
,
..
•
•30
A
A 31%
117
11:0
■
n ,740
*'-;15%
.15%
40%
'
.
40
42% ;*3-$
IA
74
.
74
•
) 1*113% 114
•?■
( t.- 28%
29%
28%
•r-728%
H.
29%
29%
17*121 ;
W
•
29%
,I
*121 %• 125% A
121%-125%
17%
-17%
18%
:
1} 108%. 108%
40
-Y'f
>
*120
49 %
-
108
108
32
*29
.
•
'
.
'54'.:
54:
.
*125
•
40
34%
34
15
15%
-
105
*105
105%
105%
23
A
110
♦29
►29
•*'
*43%.
43%
"
29
205
205
•
14
22 Vs
22%
•120
120
162
91
21%
.18%
*120
162
91%
93
87
89
90
88%
32
30
11%
31%
•198:
198
.j
■
—
*197
"
.
22%
*29%
•:-.f24%--' 26
724%
24
30
V.
23% 7 23% ;
38
38
28 Vs•28%.
39%
25%
29%
29%
24
27%
62
62 :;j.
63%
24% •
28 Va .'
61%
*29%
►29%
24
30
-
*39%
":''39%
-
25 %
*25%
61
65%
66%
66
35^8
35%
36
v
37
23%,
27%
' 27%
110
111
111
121%
66%.
148
115%
67%
66
•22%
♦22%
29%
•in
Ul
37 A
36%
•36%
35
Saturday
Feb. 16
110%
$ per
?7
27%
Pressed
61
64%
61
65%
35'A
35%
"ror.rer & Gamble
;A
No
Public Service Co of Colorado
26Vb
26%
rue
Creek
Steel
No
Beiv r.nrp
nt vt j
,
,
,
$5 preferred
Tuesday
>
■
18%
17%
18%
90VV
20%
90%
18%
"16%
,
91
90%
91
19%
20%
18 V»
19%
•112%
112%
112%
112%
48'A
48%
47 Va
48
.
*112
Y
85%
Jan
A 25% Jan, 28
A
20%
Dec
25
106
Feb
30
Feb
8
Jan
28
48% Jan
22% Feb
190
15
140 '
pfd $5
..
7
Friday
Feb. 23
r?
Sales for
Feb
18% Jan
9
93 A Feb
.
18
Dec
July
.
V
3
.28 % Jan
28
30 Va Jan
29
25% Jan
18
■22
Jan
2
Y 27% Feb
7
24
Jan
3
Jan
21
: 30
: Feb
A 63% Feb
64% Jan
5
-
pa-
.
70
Jan
69%
Jun
91
Jun
:i Feb
1,
A
Jan
Jun
12Va
Dec
17Va
Y
Jan
Y
112%
44%
44%
.Dec
30%
Dec
27%
Dec
25%
12%, Jan
16% Jan
Dec
33%
Y
.
Dec
:Ay 26%
.
17
55
Mar
*17
Y
' : Jan
66% Nov ■'
r>
4
par
109
Feb
115% Jan 40
120
Feb
126
Jan
2
132
Jan
136% Jan
18
143% Jan
114 V4 Jan
No par
ii
No par
—No
150
Jan
117% Feb
15
3
69% Jan
15
60% Jan
20% Feb
par
.
2
Nov
-
xl48%
Nov
118
Jan
Jan
65%
Jan
()?•' 24%
May
112%
10
17
106
4
•
.
y
•■
23 Va
Jan
Lowest.
23%Feb^6
.
35
Oct-
Dec
Nov;
Nov
*
Range for Previous
Year 1945 AcAA>
Y
-
9 pet share:
9*per share
19% Feb 20
.
138
;
Oct
29
Range Since January 1 ;
Lowest
.7 Highest
9 per share
Par
Dec
126 YY Dec
47'A
Y:>
•
Jan
'
•
112%
Jan
113
115%
:
121%-Jan
38% Feb
30
109
27% Nov
Feb.
'
&23%Jan
20
Jan
32% Jan
iw«
110
17
23
102%
106% Jan
:
»
,
Highest
9 per share
15% Jan
22%
Dec
19% Dec
90 Va
18%
112%
Oct
Dec
111
Dec
43% Dec
26 Va
27%
24 Va
26%
23%
24 Va
24%
25J/a
37%
38
37%
38
37%
37%
25
37%
NOV
37%
31%
29
30%
30
38 Va
Jun
30
30%
52
50%
50 Va
*50
51
29 V* Mar
51%
51%
*43%
45%
*43%
50%
Dec
46%
Dec
28%
137
Jun
143
Dec
32%
A A
51%
44%
28%
28%
*118
44%
.
27 Va
122
Y
A 53
38
38%
38%
*103
118
30%
55
55
>
*110
31%
31
t
♦49%
112
>1
,
A
32%
105
109
-
■'-I-
29%
30
'('•Ay
21
21%;
"
.■
44%
27 Vs
25
112%
25
*110%
.
118
55
50 Va
38%
102
;
29%
26 Vs
19% '
18%
35
*112
37%
110
38%
36%
120
120%
118%
27%
23%
26%
43
43
39%
40
107
•26%
16%
37%
107%
27 Vk
45
23
*43
37%
108
15%
16 ;,
*28%
7 .11%
29%
27%
28
27
27%' '
48
47
47
61%
27 Va
27%
27%
*113%
113%
113%
17 V*-
17%
16 Va
113 %
115%
110V4
AA57%
58
109
lia
109%
36%
36%
76
*75
*107%
62
109%
56
.108
■
/ :
••
35 %
*107%
35% A A
33%
1
nn—
29 VA
30
'"W/\
16%
15%
44%
44%
43 VA
I6V2
44%: A
22%
22%
22 V4
•112% 112%
♦112 V*
71
30
%
25%
24%
39%
*104%
40%
'A
*75'A
.
84 ~A
>
:
-
23 Va
*75 %
31%
13%
14 Vs
For
♦78%
A;
76
30%
•
27%
28%
24
"24
37%
105
105
27%
*78%
24
A.
:A'30%
A
13%
footnotes
see
23 Vs
VYY
14%
41%
>Y
v
<23%
;*79
•
22%
14 Vs
12%
1047.
Dec
14 Vs
Jan
23%
Dec
31%
Jan
40
38%
37 Vs Mar
71
h 29
16%
13,000
33%
14%
•
107 "109%
56
56%
38
20%
*108%
-A'32 '
Y
"
YA-
22%
23%
34%
36
H0
T-t O rl<
27%';
25Vs
"80 ;A »;•:
23
70
22
26%
•■
•
>Y
75%
>Y-
29
y
11%
73
79
23
75%
1,100
.
109%
34
;
14%
r:
800
v.
24%
;_35%
104%
26 Va
*78%
23%
30 Vn
-•-74%
A; pq
12%
if; 12%
3,400
,
15
21 Va
113
25%
36
104 Va
1,800
26%
18% Nov
Jan
31 Y
Dec
12%
Dec
w
i. ,_Nd
w
Jan
109% Nov
110
Jan
11
108% May
11
•
37% Jan 16
..
.
■
Sears
Servel Inc common
100
17,500
v.
v
5,100
270
8.100
100
23%
3,500
.;
20
Shamrock Oil
Sharon Steel
&
Co.
—IV
65% Oct
22% Aug
Shattuck
No. pgr
Corp
rrnlnn
A)
Pen
10
12% Jan
8
A 17% Feb
8
Jan
2
45 Vs Jan
13
24% Jan
113% Jan
9
28 Vs Jan
22
Co
Oil
Silver King Coalition Mines1
40% Feb
261/8 Jan
—No par
par;
23
-No
par
par
-No par
13 Y
8
Jan
7.
16
Feb
5
;
82
j
25% Feb
Oct
17% Mar
107%
A
a
7%
Sep
Jan
78 i Jan
12Va Mar.
74
6
13%
Feb
8
59
3.4% Jan
18
24
.77
ii%
Feb
6
Oct
16%
16
Feb
28% Feb
106
98% Jan
-No
Mar
35%
17
3
7
29
20% Feb
111% Jan
-No
(Frank G)
(W
32 Vi Jan
36
Nov.
8
19
A 20Vs Jan
& Gas
$5 conv preferred",!,
Shenffer
,_No par\
—No par
Sharpe <fe Dohme
$3.50 conv pref ser A
She'll
24,200
Roebuck
$4.50 preferred
29
77% Feb
-Feb
-
56
•
28
Nov
Oct:
115% Mar
Dec
Jan 24
126% Jan
A 59 Va Jan
3
Oct
:;t34A Dec
124%
3
114
9
23
"32j-t-Feb 20
48
Dec
31
=•
>
14%
Jan
A 67V 'Jan
29% Nov
,
8% Mar
41% Aug
*42% Feb
Jan
Y"1107% Feb 13
par •
i„ >100
Dec
28
53'
103 %, Feb
'«
„No par
ctfs
18
par
par
Seaboard Oil Co of Del— —No pafV
.——8
Seagrave Corp
55,200
80
29%
13%
Line
8
.107- i
—!-2.50Y
-No
preferred series A
19% July
110% July
114
•
„No
Jan
6
4
•'12% Jan
A-8
preferred
$4 preferred
5%
•37
16
Jan 12
Jan
113
.y,_100
$4.50
Seaboard Air
:
63% Feb
28% Feb
52% Jan A 3;
<25VsJan
3
,10
!-5"
Stores
preferred
Savage Arms Corp
Schenley Distillers Corp.
Scott Paper Co
25,600
"A
26%:
78
Joseph Lead
5%
•
41% ; 42%
20%
*112
80
10,300
-
73
28% : 29
v
21%
113 Va
14.900
*107% 109
42
40%
$112
Safeway
15%
13Vs
Y
St
9,500
80
28%
;
3,800
27
113%
28%
-
60%
26%
*113%
•
105
>13
59%
;
71%
43%
30Va
59%
26%
70
.
Oct
,
Jan
A21A Sep
-t
14%
;75%
27
109%
! ■
Dec
46% Nov;
106 ;
Dec*
Sep
6% Aug
19% Apr
33
Mar
'
15%
*107%
Nov
37
10%
'
108
YAYY 32
Nov
24% Oct
110
16% Mar
11%
27
114
33% Dec
115•
16%
'
56
109%
34%
99%
24
108
-24 Vs
26%
117%
107%
57: A
108
22%
76 >
•;■•■ "75%
•31 .".'A I'M A 30 ■•••
page
-
y
15
22 Vs
104
Jan
104 '
112%
;Y-353'i
«v
26
*113%
16
21%
28 ".;>•■
80
X59%
:•
109'/a
112%
>
112%
24 Va1.
38%
105 v
28
Jan
98
46
26%
61
27%
15%
26%
*45
113%
104'A
57% Y;
109
•-
.
27
17 %
15 Vs
«
118
,30
11%
12%
♦-* I-* CO
113
Jan
108%
*29
27%
59%
28 %
•74 A- ~W'>
•"■•*>■■
.
27
113%.
87%
Sr-f 14 -:: 15%
16%
27%
Jan
«
23%
29%
27%
Jan
Jan
26%
13
.48
19 Va
44
23%
39%
107% 107%
Dec
11%
36
117%
38 y8
Dec
102%
»
109
33
:
25%
*43
35%
21%
109
120
Dec
18%
112%
.21%
12%
♦29%
58
44 Va
24%
t
112%
22%
110
*109
38
34%
113
21%
31% Dec
36 %
19%
23%
Dec
102 Va Aug
29 "
Dec
27
18%
*109
*107Va
v
27
39%
63%
A
104 V2
29Va
38
*108
30%
50%
37%> ,37%
*102
21
22%
•
30
29%
112 %7112%
62%
112
111%
113
20
'
25 %
30
29%
50%
37%
102
44%
110
110
30
50%
YY
38 Va
105
*43%
x25 %
*110%
25
♦110% 111%
115
30
45%
25
112%
111%
30%
29%
.
61% Nov
114% Jun
113
Aug
J" 37
Dec
A 71%
Dec
30YS Nov
14% Dec
40
24%
114
21%
28
100
25%
-
Dec Y
18
45
*112
Jun
22
Jan
24 V*
A
Jun
198'
Jan
27%
{
43%
19%
43
':
Dec
15% Dec
117% Oct
Y.
.Mar
21
16
60
par
12%
68
10
39'A Feb
21
Dec >
A 44%
"
49 Va Mar
■
18
32 Va Jan
<
100
;
25%
A 205 Va
v
Jan
99
30
26% Jan
8
22V4 Feb 20
..
EXCHANGE
Shares
23 %. Nov
8% Jan
198
NEW YORK STOCK
V.
the Week
$ per share
Dec
Y
Dec
.6Va
16
91 Va Jan
34% Jan
v
29%
Feb
7a~n
*
39%
:.
16
100
preferred
Bakeries Corp
Sep,
Dec
106
.15% Jan
',
28
i—No
fThei
'
Feb
126
A >11%
30%
112
;
16
108%
8Vs Mar
-
Nov
27%
44%
.v-A
Y;
Dec
37%
38 y#
*49%
i~''
y^'T;
Sep
7
8
Dec
35
26%
■Si
'■
46%
105
Feb
2 A" ' 15 % Feb
Dec
59%
-
•.
Dec
124
Jan
91-
•112
112%
Jan
.'Mar
17%
90%
18%
.
7
25
34%
38
:
'•{'■■■
16%
91
17% .18%
15
STOCKS
9 per share
16%
90%
46%
'
^
i%'
>. A- 16 %
17%
91 >'
20%
,vl:
-Vi;...
,35% Jan
111
Al4'A'Jan'.30
Quaker State Oil Re* Corp—-~JL$
;£.< A"'-
11 ,••'■ Jan
29% Jan
conv.
Purity
34%-
Thursday
Feb. 21 v 7
Feb. 20
9 per share
44'/a
11
23 Vs Jan
%
on
Sep
Apr
29
/vn ji^r
pur*
5%
74
Jan
15
110
Dec
113
14%
'
Jan
12
Nov
July
!
Jan
3
Apr
19%
44%
•
'107% Sep
41
206
7 %' preferrort
innr
.778 *>v preferred—J—.100-
A
112
56 Vs
Oct
122
12% Aug
59
127% Jan
39% Feb
Pullman Inc
63% 7
21%
Aug
115
31% Mar
2
33% Feb
No
Pub Ser El & Gas
116%
Nov "
13
20
preferred—
\
Wednesday
,
134
117
29 %
10
1
A
ser
Jan
117
8
50
Inc
Car Co
preferred
Nov
28
Jan
Dec
29%
'
28
36
71%
Jan
17
'
Jan
Jan
Feb
102 Va Jan
Pocahontas^—__No, par
Co Class B
4 Va %
57
21 Vs
Jan
10 % Jan
■
Dec
Dec
25
5
Jan.
71
Jan
109% Jan
;
7
]06Vs Jan
y
Poor &
6%
7 Feb. 191)
$ per share
47
11
y
Nov
36%
40%
118 Va Aug
Inc——r—.7%'
Plymouth Oil Co
L.———
.a
111
share
20
32% Jan
Plough
.
122
\ •
§; Feb. 18
T——
Pond
LOW AND HIGH SALE PRICES
$ per share
(The) r
15 Va
Y
Jan
106 Va
-
100
36
26%
111
26
121% Feb
•
22
..'19 Vs Feb
20
100
35
65
19
10
20
48'A Feb
.100'
23%
60%
30
100
pfd
pr
& Ash pfd
110%
Monday
.
A
conv
35%
,
£22%
ii2
112
class
ser
121% 121% • : ..120% 121%
121%
132% 133%
133
134%
134
147
447% 7
,145
1147»A
114%
\
$. r *115
116
7? f 115% 115%
116
<
63
65%
62%
63%:' J i;62%
7* A 21%
22
7? * - 20%
21%
A.20%
*111
111% ;
7*110% 111
*110%
35%
35%
.34 , ; 34%
34%
133% 135%
135%
115 V*
115%
1st
Ptttston Co.
24
23%
122% A
147 Va
147%
preferred
8 Va %
Pittsburgh & West Va
*65%
26%
60%
Jan
100
23
.
31
3
preferred. s-Ui——. —.....100'
Pitts Young
29%
22
-
30
7
5%
9 Vs' Jan
19% Aug
25
18
30 Va Jan
3 '
87%
22%
23
117 Va Jan
No par
23
*29%
22%
33'%
35'A
25%
26%
109% 111
36%
27
A27
7
23%
76% Jan
1
21% Jan
89
"Dec
6
7
No par
29%
Mar
13
16
20
31,.Feb
t:
Pitts Screw & Boltr
29%
108
Jan
10
Feb
Feb
105'A Feb
.
Dec
Nov
8
100
Pittsburgh Steel Co1% preferred class B
*86
41%
-
105%
'
Jan
23% Jan
;
Apr
Jun
•
Pitts Plate Glass Co————10
138
4
,100
Pitts Ft Wayne & Chic Ry
.-.7 %
13
'
43
Piitsburgn Forgings cor
1,600
26
18
Feb
12% Feb
'41% Jan
Pitts' Consolidation1 Coal Co——,1
.
116%
•
119%' Nov
16% Feb
Chemical Co—No par
<5 bonv preferred— /,
No pa*
Jun
Jan
Jan
37% Feb
Jlo par:
—
43%
92 Va
63
.16% Feb
■
*19% Jan
17
71
25'
Nov
Nov
38% Nov
16
27% Feb
Pitts Coke &
120.
9,100
3
-
July
21
112
51%
96%
43%
14%' Jan
21
Feb
42% Feb
5
125
Dec
Feb
•
107
:
21
31% Jan
Pitts C C & St Louis RR^
.
5,600
,
Jan
36 Vs Jan
-r
pillsbury Mills Inc,
*197
29
.
i
:—
20
87
88
:
■
42% 12%.
138
30%
22%
23%
Hosiery.
12%
*197
;
-
$4 "preferred
,
14%
4
118% Jan
19%
86%
87%
*28%
__
'40%
-
162
85%
.
...
,1,000
f
*205
12%
19
*129
90
30%-
.
33 A
13
27% Jan
Pnoenix
9nn
—
208
18
'1
A
36% Jan
21
.35% Jan
y -;7%" preferred—,—„100
Phillips Petroleum—,
No par
9,500
*104 "104%
40%A41»/a
r
7
*
<
^"
135
14%
?
400
r
Jan
Feb
.10% Jan
Corp
3'
Philip Morris & Co Ltd—,
,_5
4%'preferred
100
Phillips* Jones CorpL,.^^—,No .por'
1,700
52%
*125
;
38
107
No par
110
—
*205
741% 7 42% 7
12% ? 13
V
44%
13%
21%
*195
•.
r
<
..
33
*109
98
par
Jan
46
'
118
14
.
fper share
Jan
69
11
3
par
30%
25
40%-Jan
4
-
•
15
51% Jan
4
14
Philco
62,600
37
No
—_No
Jan
12
88 Va Jan
»
8,800
50
33
preferred
96
•
Jan
Highest
$ per share
18
34% Jan
4.4% preferroo
—ioo
Phila & Read Coal & Iron—
1
17.300
<
22%
23%
26% >A
27 • 728%.*195
7
26%
—
,
$6
AyA'120
'
40
22 %
22
' 29%
-
104
'7104.
?
22%
*195
—
p.-
13%
.
132
51%
*35
,
135
'14%
7*125
,
*125
,
—
110
*109
14% 7
21%
__
205
*205
.
:
103% 104
A
29%
29%:
♦
•
1
51%
52%
36
,36
33
33
"
135
14%
:
23%
*195
195
*125
-
54
38
♦
33% '
'*125
135
*125
125
v-
*109
110
•109
109
'
52%
>38
<32%
54%
.
*38%
*38%
;
140
-
20
Feb
111% Jan
ioo :
10,500 ;,JPhila Electric Co. com
4,100 -:;
$1 preference com—
89% Feb
52
; ii 26 Va Jan
100
Wiiladelphla Co 6 V preferred—^_50'
500
f)
108%
108
*30
loir
prior preferred.,
preferred
2
Lowest
$ per share
....
Jan
36
r
Pet Milk Co
;
No par*
—45/4% 2nd preferred—>—.—100 .
Petroleum Corp el America
a;
(,.
17
,
'i
600
<
120
49 %
'
.
.';,•
:
28%
38%
108
32
108
*30
.39 A.AA
100
100
33 %c
3,000 Pfeiffer Brewing Co
j,
No par
10,20o
Pfizer (Chas) Aj'-Co Inc—A.——I'
AA 20.700 v'; Phtrips-Dodgp
Corj<
i
L.—25'
.<
28%
120
.
48 % : 51 %
50%
108
*125 >"•>.'
125}
" -i
28%
17YAAA. 16%
37%'
5%
A43
5,100
40
28%
.2-
126>
/
AAA'16%
17%
•317' ); 32
31
107%
•
112%
(Chic)
Pere Marquette Ry Co
5%
,
< 73%
*111% U3
27%-} 28%
38% i 40% <v'A
.:
5
;
Year 1945
Highest
9 per share
Par
Peoples G L & Coke
3,300
A*
*>|*72
A27%, ;.27%
29
Lowest
Peoples Drug Stores Inc
1,700
A 40%
40
300
Range Since January 1
»
.
.v.,;,:;
900
15%
*39%
Range for Previous
STOCK
-
,•
41
YORK
EXCHANGE
-
AAA 300
Peoria & Eastern Ry Co.
A A 28.500 A Pepsi-Cola' Co
.
97%
.
-a,
stocks
NEW
A":A;A::-
1.400
r
.118
...14%
YA
A 73%
112%
"28%
16%
14%
;
s
"107% 110
„-11%,:.:il%Y
■
'40
•
\A 121% 121%
18%
18%
51%
•50%
•5014
14%
39%
•
114
<28%
.41 • A
^ ,41^ 41%
|.i.7:41%77.42%j-7 50% '51%
•
;
>>Ax39 Va
'
42 'A
A;
•
;';S Shares
29%-
116
.
.the Week
93
29
.
Sales for
7
Feb. 22
9 per share
35% " 36%
-97
73% AVYA73
28%
.
92
;•
^ 11%' -11%
40%
•
51
*40 !>
^
.*107%1 110
"
J
-15
*112%
' V
.29%
29 Va''
29%
125
18%
113'A 114
113% T14
117.
95 2
;•
41%
—YA 73%
•
35Vs
-<529%^'
.
-;29
"
39%
,73%
73%
«49'
y-95%
42.%:*-: /<*40.-> r443>...A.A'-4t
.'39%
r r
:
'
..
41
;
Fridav
.
$ per share
"
RECORD
•ka.aaAA;a;.
Feb- 21
.93
-
35'
:
116%
97%
,110
14%
.■
40 %
40%
.'A -'42% :
"42%;
■•73%
73%
i
•
*107
45%
15%
'
-
•42
•'42
«
-
AA11%A12. V
11%
12
;11% • 12
in, 15 7:715'%
'
•
Yf40%
•«.
>
,
117
117
v96
•
42%
107
-
>*37
A
3b7/#
30
,
Thursday
y
.
*48Va'' 51
89%
41
*29
-
99
-
42.
•-
93
41
f35Vs
A
119
*98.
52'A i.
*
38%
94%
share
per
'52
-
<
...Wednesday
" V Feb*m
f - 9 per share
^
'
A;YAA:;':;A;AA
Nov
Oct
Jun
Dec
Dec
Oct
Nov
May
79% Nov
Jan
22% Nov
July
Aug
70%
Nov
36%
Dec
5% Mar
12%
Dec
THE
Monday, February 25, 1946
COMMERCIAL & FINANCIAL'CHRONICLE
NEW YORK STOCK
RECORD
V
■
Monday
Saturday
t per share
share
44%
19%
19%
57%
26%
24
24
23%
83
82
82%
38
84
38%
37%
16%
17
16%
19%
58
,
25%
;'
58%
180
180
37%
27
62%
26%
26%
26%
58 %v
64%
64%-
61
56%
56%
54
54%-'
87
.87--*'
,
"96
98
.23
13%
231/4
13%
18%
18 y8
.'
■
43...
37%
83%
84%
; 23%
24 y2
.98
>98'A
;42%"
36 Va
.
113%
37%
*113 y4114%
; 37%
37%
113%
48
47%
133 %
133
46%.
45%
40%.
41%
39%
40%
68%
65 Va
67%
23%
22%
23%
*107%; 109%
*107%
109%
24%
22%
49
46%
•
68%
68%
67%
23 Va-
23%
23
103%
*107%
24%
I
25
*48
23%
,49
49 V%
44
44%,
34%
22 %
22 Va
22%
22%
43
"107
110
31%
327/a
32%
19%
;197/a
*106%
107%
66%
*123
8%
9
40%
125
*45
125%
47%
' 40%
.
18%
19%
18%
31%
29%
34%
47
*44
52
.„
42%
40%
.
40%
41»/4
40%
39% ' 40%
34
34%
39%
40%
*108%
15%
.
,
16 Va
16
15%
39%
33Va
38
*108%
*108%. 111%
111%
14
•
41%
24%
Dec
Jan
62
Jan '
,11%
6% Mar,
17.700
!
80
1J00
.
Jan
Feb
32
1,300
10,500
47%
.
1.500
Dec
43
40
<
40%
107% July
5.0
45%
Jan
40ya
33%
39%
40%
33%
33
37%
39%
110%
•
i5%
.
39%
*109 - 110
"
13%
14%
Jan
38%
Jan >
134% Dec
49% Dec
33%
44% Dec
687b Nov
Jan
56
Jan
19% Aug
105%
27 *
Dec
9%
Jan
108
Aug
47
Dec
45
106
Oct
24
Nov
Nov
25% Dec
28% Dec
22
Oct
101% Sep
Jan
16
10% Jan
•
Jan
IS'/b
^
.
10% Jan
18 %
18%
Aug
57
Oct
119%
5% Aug
10
22
Aug
33
Jan
Jan'
31
Dec
Dec ;
24% Dec.
62
Deo
39% Nov
38% May.
;
Jan
Apr
31% NTar
•
29 K; Apr
Feb. 18
Feb. 16
$
$ per share
Sper share
share
,
'
$ per share
$ per share
'
43 % NOV
"l3% ~Dec
Friday,
Feb. 88
# per share
YORK
NEW
Sales for
"Range for Previous
STOCKS
.
Feb. 80
■
"7% Jan
14%
Thursday
Feb. 81
Weanesaay v..-
W,;
♦
40
Aug
17%
30%
46
Dec.
137
25
45
40%
.
.25% Dec
Mar
79
.
■
33% Dec
18% Dec
109
Dec
73% Nov
127y® Mar
9y8 Dec
Jan
16% Nov
109
Dec
-
tow AND HIGH SALE PRICES
-.r^
Oct
Nov
,20% Dec
34% July
34
.
39%- 39%
33
33%
39% '40 '
t *109
110
';; 14%
Dec
121
78%
43%
'
Dec
67% Jan
;
23
*
49% Dec
115%'Aug;
.33% Nov
Jan
2%
■
Dec
lie
111% Jan
;
-
Dec
83% Nov
; 23% Dec
99 Va Nov
61
Dec
Jan
39
1,500
Jan
37%
Dec v
39
Jan
'76%
V
Dec
20 :
Dec
95
Bep
44% Nov
1
12% Mar
14,700
510
2,600
Dec
Nov
12% DecV
.
27%' Jan;
8%
18%
19%
30% 31V4
120
120
*41
,
Mar
7"%
8%
,
60%
87%
>
Jan
Jan
'■
Dec U
93 '
21%
64%. Jan
80%
X66%
66 %
123
123
46
*40
52
hi.*:- Tuesday
Feb. 19
Monday
Saturday
$ per
Jan
'
40 %
40
37
*106% 107%
.
*138
123 y2 123%
43%
44%
125
40%
>
8%
30
35
40Va
8%
•
*46
52
*47
*123
21
.
32%
125%
47%
124
32%
.19%
21V4
32% v 327/a
"66
8%
18%
18%
107 %
66%
124
8%
19
30%
12'%
43
41
67
*123
125
8%
9
*
18
67
*123
20%
29%
* 106%
-*106% ,107%
69%
*67%
66%
] 9 Va
20%
;•*
Jari
*"
*107
110
22% 23
32
32%
. *21%
22%
20%
20%
29% > 30%
23%
32 .*
21%-
28 «/4
30%
18
42%
19%
33
21%;. 22
20%
22%
28%
22%
'.
Nov
Apr
32%
•
30
,
Dec
Nov
.
•
2,300
:r
Dec
60%
'/ 1801„
-
38%
3,600
3,400
...
J36%
:
V
Apr
17
4,500
12.500
;
>
26%
:210
107%-107%
22% 23%
44% 44y2
,
22 Vb
30%
21%
:
24
31%
■Vi
20 '
107%
19%
.
22%
32
"106%
124
;
155
t
43.100
1
.
20% Aug
;i
,
4% Aug
.
40%
,120
120
128
130y8
\ 44%
44%
39% 40 Vs
65% 66%
*45
,46%
41%
42%
*107
110'
47%
110;
"23% ; 24%
33
33%
22
22 %
22
: 22%
25
33%
24
>
42
*107
110
24%
46
.
43% ; 44y4
'
*107
118
118%
128
129%
44V4 45Va
39%
39%
65% 66%
22%
23
*107% 108%
21%
22%
131
129%
38%
37
39
120%
*119'
133
*
46 y4
46%
41%
41 Vb
37
40
122
121
46%
1.200
6.700
*113
113%;
38% 39%
116
*113
113
45 %
44%
43%
46%
44
113
38%'
123
133
■
*
.
•>.
>' IVz
B
^~
Dee 4
„
;
;
r
y' 1
.
.
34,900
l<
-
.
24% . Juh
48% Jan
/ ■ 96
'
Dec.
■f: '29% July > V,:40%VOct:
13% Jan,
,18% DeC.
69,300
•
\
.65 y8 Dec :•
22%. Dec !
'
Aug
28
47'/a
*113
41%
40%
*121 '
15
2,200
1
Dec
22% Jun' ■;
'
.
1,800
'
Nov
21 Vb
>
Dec
44Vi
o
41% Jan
v;
6.500
260
.46%
Feb
14%. Aug
v
4,700
,
$ per share,
32%' Jah
30%
60.600
>
-Highest*
$ per share
;
3.^00
■■■';
•
115 Va
"46%
'
116
*113
f
•
69
69
36%
Lowest
2Q0
.
100
*93%
M
?
.
:
Shares
$ per share
J.
Range for Previous
Year 1945
the Week
,
34
.'37%
38
37%
:'Feb.22
-
57%
183%
*180
Sales for
-
34
34%
58%
34%
;
Friday
.
38%
17 - ?
8j/4
7%
8%
8'/8
v--
$pershafe
•
45% " 47 ' ' '
46% 47%
44
44
"42
'43% '
*42
" 43%
18%
19%
18%
18%
18% 19
56% .57
56%
58
59
60
23
25
22% ,24%
24
24%
24
24
"23%
23 Vs
24
24
74 Vi
81
75% 76
76% 79
36
"36,
34
34%
35% 36%
16 %
-16 %
16%
16%, ■
16 %16 %
:■;■" 7%
77/b
;
:6% - 7y4; • '
7% ; 7%
33
33% '
33
,33
" "33
34%
56%
56% .V1: :1' 54% : 56% U V 55
56%
179% 179%
"176
182 .^1
"176
182
36
37V2
'
34
35% ,
34T/s 36
26-*v."' 26%
»*f"; 25 %
26
25% 26 'tM
58%
60%
58
59%
59% 60
50%
53 %
50%
52%
52% 54 v ,
85%
86%
'
84% ,85%
85
85%
96
96
94
'94
'
*93% 96
21%. '22%
21%
22y4
22%j* 22%'
;12% 13%
ll7/a
12%
12%' 13%
18%
18%
17%
18
;
17% 17%
*93% 100
"93% 10O
*93% 100
•41% .42%'
40%
41%,
41
42%
35%
36% '
35
'35%
35% 36%
78
81
77% 77%
82
82
22
23
21% ' 22% / , 22% 23%^
96
97%
96%
96%
96% 97
66%
68%
65% 66
65% 66 :
37
37
36%
36%
33% 35%
"113 V* 1141/4
"113
114%
113
114
58
26%
23%
45 %
*45
Feb. 21
*
t per share
.'
'
48
47%
19%
58
27%
50%
50 Vi
Feb, 20
*
•
$ per share
^
50
44%
48%
Feb, 19
s
Feb. 18
:
Feb. 16
f per
Thursday
Wednesday
Tuesday
;
''V"-'-: V
PRICES
HIGH SALE
AND
LOW
the Week
Year
Range Since January 1
STOCK
Lowest
EXCHANGE
Par
Shares
A
$ per share
Lowest
Highest
$ per
$ per share
share
194$
.
•
^Highest
$ per share
Tai&Stt TnO (
16% k .11
r
109%
Tennessee
18
V4
18
V4
17%
63%
*109%
.
20%
20 V?
;<!
113
♦in
48
63%
*111
64
20%
63
'
65%
63
32%
•
T?%.
■-"■12
*111%
16%
19%
53% : 54 V4
66%
"
51V2
•
67%
105%
*105
'€
i9%-;%
113%
19 Vi
•
t
88
.
6438
83
i
t
105 Vi
175
*145
58 y4
;.;24%>25%:;;f
107
,,'57-
20%
'
■21V*
71
-
108%
109%
109 Vi
-113%
113%
♦113%
114%
*105%
25%
*116%
41
"
35%
116*/2
47%
4d%
•"
35%
40
3« %
.
,
.
25
39
33%.
*145
37
'
„
;.
*107%
113,
'
45%
154
37%"
112
Union
.;;
77
—No par
U—NO par.
Garb--—NO par
pfd—_No pat
Carbide &
series
115 V2 Feb
23
Union Paeific RR Co_
L—-100
4% non-cum preferred——100
Union Tank Car——__—N6 par
United Aircraft Corp-—8
conv preferred——
100
United Air Lines Inc—I
10
4%%
preferred —100
5%
conv
United
20
140Vi Jan "-2
112% Jan
'38% Feb
31% Feb
113
Jan
43% Feb
144% Feb
par
preferred———100
110% Jan
Carbon Co___
No par
77.
Feb
24
20
20
3
19
13,
: 3
23
13
rrnlted-Carr Fast Corp
33% Jan .19
United
HVa Jan
Prior
For
footnotes
see
page
1047.
No var
Cigar-Whelan Stores.
30c
preferred
—20
ii
5
17
24
Jan
2
12
77
Oct
26% Oct
Dec,
58% Jan
14Vi Jah
78V2
Jan'
*110%-Apr
,111% July
20%
Jan
t
109%
,
100 3/4
Jan
Jan
24% Feb
34% Jan
Biscuit Co——No
United
115% Jan
-—No nar
series—1—No par
Jan;11
27>i Feb 16
109% Jan1 15 :/'•
Union El Co of Mo $5
Preferred $4.50
153
ii6% ii7.:%
31%
Union Bag & Paper—•:
Union Oil of California—
146;
44 »/8
48
•38%
,
.
Underwood Corp -i—
Preferrd $3.70
—
113% ,113%
113
159 Va
157
*108
,
117 Va
113
24%
25%
-
114%
,
*105%;
Vi
34 Va
* 35 %
*112%
%% U
*112
; 40%
*116
117%
*40
103
113%
159
157
160
V,*
*112Vi ,114 V2
*105%
'25%
25%
157
113%
i ;
„
72;;
102%
109%
-—100
—150
Co———-—!
oof..',-v.
'.25% ...-Yt
114%
*113
Twin Coach
.oof.—;.;
■
.
24.-
27%
'4. 2nd preferred'—
t 5% conv prior' pfd—--.
57%
22%
..
-y;-;..
%■ -;
.75%
*75
\
17%
175
.
Cotp——*——-f
preferred—par
Corp.*——"---No paf
20th Cen Fox Film Corp—N' par
$1.50 pf iferred--.——No par
$4.50 prror ptd-—No Par
Twin City Rapid Transit
No par
$6
TrUax-Trder
61%
;
17
,
58 y4
Trl-Contlne'ntal
;
18
59%
61'4
*105
105 Vi
18 ;
18 Vs
*145
11
:
48%
:%%■
jfl6V4
•
3
Tra'ttscont'l & West Air inc*—i—-.8
Transue & Williams St'L—-No par
*ni% ii3ya"
18
Axle-u^.--»-.,—10
Bearing—pat
rranSameriCa Corp-*-——-—*
29%
10%
'
Detroit
TimKen Roller
61
;
Water
Tlmken
45 y4
60%
;18%
.
pdf
preferred—par
Associated Oil-*U10
$3.75 preferred.
No par$3.50 ciM
Tide
29
i
12 %~ :
11%
•
*111%
113%
r
•18
64
32%
;
60
>
20 '
31%
66%
32%
64 Va
19%
r
com-^ fio pat
ThdmpsbtiJStarrett
12%
43
48%
25
<J RF__—w——^
Thompson Product^
4% preferred
57%
:
Avenue Transit
Thompson
19V4 *20
110% 112
'»
112% ;v
.
47%
48%
20
•;
11
57%
20 Vi
20%
1
preferred-W-~
Corp,_No par
common—'—
(2%, div conr
Third
12 y2
109% 109%
13%
63 ,;":
*61l/2
-
*17% ' 18 .;
57% y 58%
;
111
13%
Thertnoid Co
15%
62%"
.
.
12
"13%
18y8
60%
*
preferred-.No par
The Fair__l„
J—-—No pat
6% "preferred
conv
$3.60
104 %
62
13
Co.—100
Co.——-—,_N« par
Thatcher Mfg
.
15%
Land Trusty——1
TexaS & Pacific Ry
33% '36
60%; 60%
104
Pacific Coal <fc Oil——.^10
Texas Pacific
47
1
Suiphur^.L—par
Texas Gulf
Texas
-18%
*16%
5
pfd-100
Producing—
Gulf
Texas
24 y2
47
?;
Trans 5%
.■Texas Co 7The)
IOVb; IO%
50%
51%
24%
Corp..
Tennessee Gas &
100%
.54% > 55%
V
8
Telautograph Corp..—%.
W
18%
13
:y
29
>
25.V
104
V
31 y8
118
•
102%
Jan
116 1
Jan »;
.27% DecNov-,
Dec
"
112%
45%
Nov
Aug
.38%
Sep
120
Dec
Dec
Aug-
Jan
62%: Dec
Jan
82
36
Dec
114
Jan
.126% Feb
'
7% July
22
>'
^00% pec
> 109% May
66
:.
151
40
,
r:
117%
22% Mar
-
•
July
:
13
Jan
Dec
:
Dec
Dec
25% Nov
. ;
THL COMMERCIAL & FINANCIAL CHRONICLE
163Number 4467
Volume
1047
-3L
NEW YORK STOCK RECORD
LOW
AND
SALE PRICES
HIGH
•,
jSTOCKS
-
Range tor Previous
'
B
Saturday
Monday A
Feb. 16
$ per'Share
$ per share
6%
51
50%
507/a
B 50%
31%
51
/ 3i%
14%
31
31%
82
78%
79
20
20%
14%
•
•79%
■82%:
*19 % •
21
21%
*53
54%
51'/a
27%
54%
*109%
B 26%
55%
110%
27%
53% Z 54%.
26%
51%.. 52 %
110%
12%
11%
26%
28
107%
27
120
*204
107
120%
24
96
•
*204
30%
31
i 68
30%
*
68
25
'"
•66
'
.•
*66
59%
59%
58%
59 V.
56
12%
12%
12%
12
12%
40%
40%
40%
40%
40
41
18
18%
17%
18%
16
17%
12
•12%
B
7%
59
7
7%
v
.
69%
71%
♦182% 187
67
67
43
44
,6%
7%
•
*88
>-
92
96%
95%
,-.
28%
28%
•50
16%
.
121
*117
-
,
.77
6%
14%
71
71
•
"
37%
76
76'
16%
*116
100%
194
194
45%
41%
36%
33
23%
21%
507/a
•.
.
11'A
24%
84%
120
23
*45 '
35
21%
Xi-X
23%
"> 9%
'87%
10%
9%
89%
86%
121%
121%
122
90 >
*78
51%
45%
.
z
41
*121
•160
200
*160
200
*160
200
•172
190
•172
190
*172
190
19%
-42
;
110%
19%
',>40
*121
21%
107%
103
21'/a
21
*21
122
18%
•18%
117%
14'/a
14%
U-s 13%
106%
106%
.18%
*106%
•
*160
37 %
46%
*44%
,190
.21%
21%
33%
v21*/a
*33
21%
*32%
34%
34%
734%
34 3A
43%
-42%
42%,
*
*L3r
./■: 15
..
•39%
40%
89%
;
43% B
42%
40
106
:
21%
21
42
42
*87%
42
39%
108
36%
37
*87%
40%
14%
14%
39%
38%
**111%
113
111%
111%
111%
112
*118%
119
118%
•119%
118%
118 %
'41
31%
X61-
12%
11%
30
28
96%
51%
52%
*30%
38
32%
38%
38%
43%
-
54%
96%
■/.
54%
95%
59%
-
,
,
51
51%
*30%
32%
37*
37%
37%
38%'
43% **
43%
.:44.';;.
48%
l'QYa
10%
*25
48% "48%
93%*'
50%.
107%
*106%
75
70%
•
'
■;;
43%
44
38% '
104"
42%
*17%
17%
*87%
90
*33%
35
42V4
•581/4
10%
41- ••
'-19 z 19%
*99% 100%
*33%
V-
;
17%
10%
21%
18%
100%
21
40
102
|
16%-
v
.
?
;
>:35-'X*M
io%:
;
22%'
ir
:
56%
56%
57%
58%
;
56%
38%
57%
56%
*92
*93
118.300
100
82
82
32%
34
•97
31
Va-Carolina
6%
Va
32
Nov
Sep
50%
Deo
Jan
8%
Dec
23
4%
Jan
16%
Jan
24
98 Va
Jan
121 'A
27% Feb
7
128
?
16
Feb
v
:
/ 16
Jan
// 5% Jan
21
8
77% Feb
21
21
110% Jan
10
Jan
3
195
Jan
25
40% Feb "20
49% Jan
10
30
39
-
&
3
Jan
3
23% Feb
2
55
19
Co.8%
39
107; :"
;
.
200
pref—
*
10%
4%
5%%
preferred
Warner Bros
«•_
Webster
104
Dec
Jan
16
115
90%
Jan
103
Dec
'Jan
24%
Jan
Feb
15
12.
44% Jan
18
6Ya Jan
3
12% Jan
29
5
99
28
Jan 25
122
Jan
82
120
80
Jan
2
118
Sep
•124
57
Jan
83
45'A
Jan
55
Nov
30
36%
Jan
■V 43 Va
Nov
18
120
Mar
165
Dec
175
2
Jan
Jan
15
145
Mar
173
Dec
Feb
21
64
Sep
78
Nov
13%
Jan
20
Dec
30 %
Jan
/ 3
Jan
22
39
Jan
2
108
Feb
99
Feb
>20
...
86
4
18
42% Feb
;/109% Feb
11
>•117% Jan
14
Jan
3
3
18% Feb
preferred
Air
39
Feb
50
Jan
18% Jan 24
29
14
i_o
100
100
100
Jan
22% Feb
9
39 y4':
16%
Jan « >7 i
•
10 Va Jan
J; Jan
14
36
Jan
112'
Jan
3
115
115 Va Jan
4
122% Feb-
110
*33%
v:
■
2 /
Jan
43% Feb
36% Jan
7
7
*17 ••■ "17%
100
20
:■
lOOVa
20 %
-
*142
84%
44
.
'
53
32%
$ •54
54
93
;
54%
93%
*92
55%
28%
>*95
96
;
80%
>
30%
54%.
118'/a
101
Jan
112
Dec
113%
Sep
118%
Dec
11
Feb
9
62 % Feb
16
' 13Vs Jan
16
/V 32% Jan
22% Mar
2
30
106
57.Jan
32%
55%
54'A Feb
> 32 % Jan
Feb 20
'& 40% Jan
29
27% July
31 Vb Aug
Westinghouse Air Brake
\
35
-.3
85
Jan
3
'41% Feb 21
Jan
•$3.75 ^preferred
—No par
Wheeling ft Lake Erie Ry——100
>/' 5Va % conv preferred——>--100
103% Jan
70 Va Jan
25
Wheeling Steel Corp——-—No par
z
$5 conv prior pref——,—No par
White Dental Mfg (The S S)
—20
105 Va Jan
..
.
45
••
-
'•
3,
98 Va Jan
7
20
13 Va
Feb
30 Va
Jan
64 Va
Jan
4
43 Ve
Aug
56
14
26 %
Jan
35
Oct
38%
Dec
Jan
107 Va Jan
Jan
16
16
32
Jan
B>44:'/jan:-28';':v
20
X33% Jan
17
35
preferred-:
8
10 Va Jan
2
^Willys-Overland Motors.
—1
/Wilson & Co Inc—^-iL^i>i.aA—No par
20% Feb
19VaJan
20
Oil
Co-
i
Jan
29
.
98%
7
•95
81
50
:f
Dec
30
.
.
,
Dec
Jun
Jan
> 35
/•■ 6% -Mar
5
10 Va
Oct
-Dec
21
13 Va
12
21%
.
Feb//7-//
128
A.A.A.A.—
26%
Jun
Jan
19%
Nov
Jan
22
Jan
138%
Dec
Dec
36% Jan
"~3
—10
V 50% Jan
3
Worthington P & M (Del) —No par
Prior pfd 4%% series
100
:
Prior pfd 4%% Conv series—100
53Va Feb
19
91% Jan
7
94% Feb
-5
79
Jan
100
Nov
93
Feb
9
98
24
80
Jran
100%
Nov
>.91
Jan
18
75
Jan
110
Nov
79% Jan
7
/•Woohvonh (F W) Oo^«
-
31
Oct
Dec
10
Woodward Iron Co
2,400
95
80
30%
47 y8
18
16% Mar
,Ti".
—
-
'/ 94
19Ya Feb
t;
;
Jan
100% Feb
17
preferred.
Jan'
26%.Jan 16;;
3i
99% Jan
/ 19% Jan
$4.25'
300
80
16% Jan
par
Wll60n-J°nes C0i_:
..-.i
—10
//Wisconsin El Pow Co 6% pfd—. 100
Dec
31%
83%
^
12% Jan 29
Feb
Jan
103
Z>/ 8% .Jan
30
Jan 24
.
78
Dec
47%
Jan
26V*
Dec
Dec
107%
Jan
21%
Oct
43
105%
Jan
87%
30
Jun
45 Va
>
Oct
101% Aug
31% Jan
104% Feb 14
•
July
377/s May
50% May
Feb
..
64
11
Jan
58% Feb
;/ 95
> Wilcox
100
Jun
57 Va
92
30% July
27%
31
72
v.
37 %
•
37% May
29
106
■>
21
28% Jan
Dec
Jun
•4
42
19
Jan.
Dec
Dec
14
48% Feb 11
Jan 28
5
►
14%
Dec
17
45
9
42
:
Oct
Feb
39% Jan 30
3
37% Feb
/
/61
Nov
96% Feb
56
•
2
No Par
;100
30%
...
*79%
A 29
3%
Jan
15
i*—N6par
No Par
19
;
7
97
4%
20
/Western Union Teleg class A-No par
>:* ClasS B-.
■
20
96
115
Jan
48V8 Feb
A——
lOVe Feb 20
87% Feb
*93%
;
Dec
y
31% Jan
series
2
>15% Jan
*93%
;
96
40
Jan
3
,
1
11.000
Nov
113'A
Jan
'
400
53
37
•:
Jan
Jan
par
)•
Nov
109%
Jan
White Sewing Mach Corp
$4 conv preferred——,—No
■
38
Dec
Nov
100%
27. ■' Feb
47. t Jan
1,400
r
*36%
54
97
96
X80%
.
'
37
16%
89%
Apr
23% Mar
5 "
Dec
.'38%
•
07 % Jan
...'■■40-
•2,900
Dec
0
35
r
37 y8 Feb
13,300
-
*142;
37
.
1
Dec
47 >/2
32
10
Jan
115
28% Feb 20
--1
4,300
Nov
33%
,119% Feb 18 /
White Motor Co
16.000
•
17%
56%
:
21%
Mar
Apr
100
Prior
11% '
22%
Dec
11
r/113% Feb
23
112V2 Jan
;
——1
Auto
Preferred
35
10%
X "21%'
Dec
50
30% Jan
01 r May
/ 24 :.j Jan
-
'
Dec
35%
14% Aug
24 V* Jan
1
87% Feb
117% Jan 10 r
^"-100
•41% Feb
> ■
'
Feb
20
31 r
"3
87
Oct
Mar
29%
>47% Jan 31>
33 % Jan
i
~
Oct
105%
>13
5
3,500
w;
Dec
Dec
16
6,400
90
20 %
1
33% Feb
i; 34% Feb
,
>/JattZp3..;:
Dec
16%
16
21
Sep
110
/ 14%
91%
21
Feb
Dec
110%
/.Sep
8%
Supply Co*
.—10
Western Maryland Ry_—
100
•'
4% non-cum 2nd preferred—100
/Western Pacific RR Co com—No par
100
20%
"38%
Western
Dec
>•/;': 8% J an
20 Z
107% Feb
3
Jarr"3
No par
—I
Inc—
Nov
/
42
Aug
19
21
40
—No par
—-—
Lines,
21% Feb
.:•''
61% Mar
14
>
31
West va Pulp ft Pftp Co-*—NO par
4% %
'./
16
15 % Jan
103% Jan
-1
-
105
1
Jan_
13
5
Tobacco1 Inc^Li
'. Westerh
•
20% Feb
//
par
West Penn Power 4%# i>fd
•
.
12% Feb 20
_1"00
—
Dec
2
0
preferred—
6% preferred
Dec
81
18
/
18
Feb
.
Dec
R%
Jan
45% Jan
165
Jan
'4
165 /
45%
3% Mar
59 Va
Dec
NOV
Jan
5
172
V2 Jan
i
24 %
51% Feb
21
39% Jan
.
Jan
47% Jan
>18
—
Indies Sugar Corp
Deb
■I 71
Jan
77% Jan
par
Pictures
1%
•
Nov
86 Va Mar
No par
84 conv preferred
West
Dec
50%
13% Apr
48% May
No par
Wesson Oil & Snowdrift
•.
22%
Jan
Xfk
Warren Fdy & Pipe
Warren Petroleum Corp
:
Mar
10
■■Walworth Co^i,par
Ward Baking Co new^.—1 >
-
04%
13
32
28
100
G & W
Jan
4
28
Jan
Feb >9
'
'/ 75
No
(Hiram)
Dec
•39
100
Div redeem preferred
21%
8
48%
110
No par
1
23% Aug
90
t
.
preferred
preferred
Walker
410
29%
16
10%
21%.
20%
Dec
Nov
24% Jan
23
7t>
4Y2%
Dec
110
200
112
_100
100
—23
pfd
-
€.500
102'A
*87%
35
*33%
52
Jan
Mar
178
2
.—100
•Westvaco Chlorine Prod
73
'38
•
Dec
2
5
800
*29
87%
:9
Jan
Chemical ——No par.
Pow .$5
Feb
Dec
Dec
Jan
75%
Dec
25
Jan
66
104
100
Works
.
22% Jan 17
0
100
div partic preferred
El
J an
46% Jan
.
-—10
Dec
Nov
4
,Jan
v
Oct
85%
160
46
/
-Feb
188
—1
Virginian Ry Co
>6 % preferred—.———,
046
;
•-
99%
95
82%
31%
49
98
0% fpreferred^.w-^—100
400
■
46%
38;
16%
99%
53%
07
'
82%
•
8% Jan
Westinghouse Electric> Corp/-^*12 Va
/ Preferred -.—^—•————■12%
Weston Elec Instrument;
-12.50
101
-
16%
15%
87%
*93%
95%
*97
.3
Victor Chemical
2.900
53
38
*93
: 95%
93%
93%
22% Jan
1.500
41%
20%
53
95%
*93
7
Vick Chemical Co
500
•
,
36.800
21%
*142
40
40
57%
117% Jan
No
Vicks Shreve & Pac Ry
.5% non-cum preferred
8,600
>
;
100%
20%
*141%
40%
par
preferred—
conv
Dec
89
Jan
20% Jan
Oct
77'/a
Jan
5
50
Oct
176
Jan
135 Va
14% Jan
.
.25
Vertienfces-Camaguey Sugar
-1.700'
36%
*70
.
73%
B 23 Va Aug
•
*106 i/a. 107%
29
37%
90
17%
100
21%
*39%
72
58%
-Feb
>
14,500
'
*141%
Feb
•
Jan
9% Jan
1,100
.
100%
21%
21%
24
52
29% Jan
;
35 Ya
52%
102
Dec
52 Va Jan
Van Raalte Co :Inc
410
>
A
1~.
30
.*106
107%
Dec
7'A
2% Mar
3
preferred—
—
3,400
::
11%
38
75
;
51%
48%
4
/
'
11%
'22%
24%
*70
*106%
:> 29
15%
"
23 7/a
1
.
Jun
19
;
> 1.400
59
*46%
46%
37%.
Nov
Universal-Cyclops Steel Corp
1
Pnive real Laboratories Inc-^.—-_i'
"/Preferred
—No par
"Universal Leaf Tob—
—No par
'f: 8.300*
35%
41%
106;; 106
30%
-*87%
.
35
*33%
11% '
'.11%
27% Feb
67
97% Feb
166
40% Feb 20
35%
36%
103%
38
"
■
'
89
3
Wayne Pump Co—
30
*27
36%
37%
*106% 107%*
52 •"
53%
103
90
*87%
22
21 <
Jan
Dec
Jan
Jan
non-cum
Stookyards Corp
*
..l
United Stores class "Aa44.VA.4- —aa.a.8"
■
41%
;f.
*29%
42%
17 B '47'
,
154
Jun
57
•
84% Feb
1,000
'
:
40%
•
75
-*70%
104-
42%
Jan
79% Jan
:_iqq■
West Penn Electric class A—No par
"
*29% '30%
30
84
No par
Dec
11%
.Jan
27%
Feb
187
U
■
*46
406% 106%
107%
•
3
8
Jan
35
7% Jan
~*l%
^is-ooo^
,
35
48%
.57.
104%
*29%
v
*106
.50
—
Preferred
::
-
49%
48%
>7" "93 >'• 93 '
49%
A 48%, 49%
31
■■■"-■>:
31
'
*291/4
35
>
37
-38
'
v
„
XXSp'X
58%
58
103%
Jan
Jan
71% Jan
30
93%
*29%
35%
•
107%
'75
*70%
107%
*106
*
*106%
144%
500
'
39
Feb
173
"50
,
9%
Dec
-16%
Jan
Washington Gas Lt Co
No jpar
Waukesha Motor Co—u—.-8"
'
OQ*
51%
P R Tobacco Co—s—par
•
51
48%
32
:>-",35%; 36% :
•
29
48%
93%
52%
x*29%
39
*47
.
74% Jan
.
-29%
.
57%'
27%
*^7
96
57
11
10%
-"93%
49%
.
>7% Feb
3
United
*114
60%
53%
.53
f/;-
Dec
46
Feb
;;
"
11%
28
*29%
5
120
,
Jan
5% Jan
140
28 %« "28%
7%
65% Jan
System.
119%
*114
30
Dec
50% Jan
Waldorf
111%' -.111% 111%
*118
:118'->:
•118%
40%
41
40%
40
40%:
--30
'■■61 ':
62"%
-12%
,
•• .•
—
—
39%
*112%
:
•62
*
1
42%
"
30%
70'/a
20
3.000
39 %
; -ii9
*114"
I
»
*114% 115
119
31%
f
89%
115
W
—
37%
119
."
Jan
42% Feb
400
15
36%
*87%
*114
*j
50
38 Va
2
_1
2.600
/■
:
>:
115
42
Nov
70
1
40%-.
•
119
-30%
Dec
34%
12
:
33
*114%
118 Vz
*114
115%
Jan
CO % Jan
320
'32%
119%
I
115
Jan
13%
:i0
Playing Card Oo.^-^
i*.
Plywood Corp—^
RR
27.500
21% >-
32%
89%
118
Jan
77
11
11
; 52,500
fl
400
1
111%
77
6
Jan
16
Wabash
.
40
*20%
41
y2"
18
Feb
60
*l,100i> Walgreen Co.
;
Nov
33
12% Jan
PR Steel Corp
/; 3:200
39
'
*32
40%
14
37%
120% Feb
13
10% Jan
30
||
•
32%
40%
28
52% Jan
-
115 y >
Apr
__10
> 3,700
17
119%
*11,4%
>
119%
119%
.
16%
Dec
40
13'/♦
*107
20%
39%
89%
";38
*
2
Dec
16
2.900
i
21%
13%
32
14%
f"
Nov
18% Feb
u
W
16%
>
37%
31%
-•
107%
13% Jan
Lines Co_____
800
io6%>;
40
32
.
Oct
Dec
& conv cl A._w
Vulcan Detinning Co
100
Preferred
.——100,
40'% ¥
21%
"
41
20%
.
33%;
103'/e
13%
39
"
32%
21
6 Va Mar
204
_
Feb
Jan
29% Feb
11
Jan
28 Va
Dec
108
109% Jan
199
S"1
26%
•
30V* Mar
;
*
;i9 XX
•
37 ->:>
35%
*40'
.20
100
Corp
Jan
106 Va
29
1.100
r,
*108*; 108% /;
107%
;;.
'32% ,,32%:/: >
>'
89%
•41%
115"
•114%
•
103
107%
15%
*87%
15"%
.
109%
16%
38
3
11%
-
13%
43
Jan
16
Jan
13,800
86 ;.-
18%
102
107
;
40%
12%
20%
33'A
14%
.40".
"87%
,
19%
40
16%
36
23
preferred.*....-...
;
83%
17%
43
/
4
Nov
29
Feb
44 *•
190
>*172
1
13%
106%
38%
46%
37%
"45%
Feb
112
23
31
36% Jan
45%
16%
108
V. 36%
106
No par
Va Iron Coal & Coke 5%
*45
.13%
14
par
Oct
Jan
13% Jan
110
-uNo par
1
"
-
51
45%,
*21
21
3
12%
90
109%
106%
20
Jan
55%
1; 100
*50.
39%
:
4
Feb
23
Dec
Jan
1,000
50%
18%
40%;
109%
,Jan
11
pat
52
6% Mar
30
41%
88
83
19%
■
108 *
106%
110%
*21
41%-
109
10
Mar
14
20
110%
*40
190
84
•
108
109%
,108%
84
-
19%
41
20
19%
■/; '42/Z
86
100
Oct
Nov
29
600
10%
19Q
22
25
Jan
3.900
...
,:>•
*84
84
.
81
10%
•172
2
Vanadium Corp «f Am—--/No par
Van Norman Co—
2.50
23%
*76
87
•160
y
58% Feb
Dec
Jan
% Feb
18% Jan
2,400
/li906
*108
90
^44%
45%
3
9,100
3
122
.
48% Jan
1
com
Universal Picfcurres Co Inc
50
10%
50.
13%
6.800'
87
*78
90
6
70
40
43
23
/
>
40%
40
50% •51
*44%
41%
*111115"'"'
110% 110%.
11 %
'
45%
34
21
*49
81
Feb
52'%
120
"
50
.
28
Jan
69
>
410
21
*75.
3
U S Smelting Re! & Min.
Preferred
.180
'
34%
*22%
23 % Jan
10% May
3
$6
77%
20
80
89% Mar
15
t
98
48%
111%
33%
29
tU S Realty & -Impti--—^No par
•>© -8 .Rubber .Co^*.^--a-,—-10;
/■> 0% non-cum 1st preferred100
10.000.-
200
33
40%
91%.
76
08
♦194
*
7%
U S
18/500
42
23%
80
28
Jan
U S
\ 1,400/
35%
%
*112%
51%
51%
•
--
40%
42%
41B(
10%
*78%
90
^
43%
111%
*121%
122
100
200
52
.91%
92%
100
*194
22
52
75
73%
100
"■'!
Jan
118
Preferred
3,800
16
*112%
•44%
16%
'
15%
101%
56
7
Jan
90
i
23%
24%
42%
51%
16%
120
23%
*111%
122
;
15%
200
16
20
Feb
3,000
-
22%
.,.
21% Feb
Feb
x47
U S Pipe & Foundry——20
'9.200"
8%
22%
•
Dec
.16% Jan
110 "A Jan
5
10% Jan
'
>1,600
52%
14%
83
24%
85
♦78 '■?.
28
'8%
15%
51
>
•111%
92%
28
*50
>
8% '
-
17%
5
51
,200
66,400
v
160%
25%
22%
23%
53
•112%
423/4
11
'
*116
v r
Jun
66
par
Freight co_
U S
>100
3,100
69% W
■
14%'
71%
35%
38%
/
28
.
87%
/88%
460%
52%
8
15%
17
120
B
23%
45 B
46%
♦108
"
77
15%
75
453/4
•
.16%
*116
Y
27%
8%
Jun
88%
17
preferred
>/ Partic
14.200
;
,
182
76
,*86
.
89
160
*50 4
50%
By
14%
Jan
28
Jan
■
68
3,300
6%^
26%
*194
200
•84%
120
101%
101% 101%
23
8
,
Jan
16 % Jan
85'
par
^00-
r
>14%"
27
14%
•52
-50
•
17%
■
.
87
Dec
9Va
12 Vb Jan
73 % Jan
Nov
U rB Leather Co..^._i---—__s.No
1.800
68%
182
•
.
116.300
1,300
44%
67%
B
•
*86-4488%
159%
29%
5Va % conv preferred
50
tJ 6 Industrial Chemicals-^—No par
1
I 2.000
"G5
67%
74%
50%
Jan
No
U S Hoffman Mach
2.000
25%
26%
*194
<91%
51
B6% B 9'"'
/■
-17%
•116
28%
28%
9%,
,88%
161
.161
27%
28%
165
♦50%
51
9
88%
94%
163%
166-
24
76%
*87%
MV2
.
Jan
157'8
P S Gypsum Co-i.—
>
('
50
,'2.100
'
>'88 -;
165
V,
75
78%
78%
70 -V
"
43
.184
*
17%
12
'
65
6%
6%
*178
184
vw~v-
1.800
56
•
U S
1,7.00
7
•
11%
*55
43
66
69%
♦181
*182%' 186 B
.
-
79.
88%
)'
■
42%
7
67%
70%
65
:
"40
12
•
,
55 Va
*63
v
; >
65
>16%
■
u%;,: 11%
54%
46%
45%
71
12
57%
.56
67%
*67
■46%
46%
.11%
12%
69
12%
59% >60/-:/
-•*66
68;z.
:
'69%/
11%"
'
V 12%
38 Va
"tJ S <te
-
*39
16%
16
..
.5%
„
1.700
: v'
55
:
-
39%:
39%
/.
'
•
29%
*64
.54%/-..
'10%
30
16
tFnited Faperboard
Foreign 'Secur______
No
-700 i 7 y $4.30 preferred
_L—No
<
♦204
69%
-•'•" 53%
57 .»>;
12%
60
••?•;
25
113% .114
*204 B,.-•••>•
69 %
a
-/<
.
25
\
/•;:-29/".;/29 %;.-'.•••. 3: 29
29%
29%
Jan
1,'200
9,800
Nov
5
54
31% Feb
Gos__.
United Merch & Mfrs Inc
v.
$ per share
Jan
Improvement Co...13%
Gas
Highest
share
47'A Jan
Engineering & Fdy
United
'
106%' 106%
-24%
.113%
112
11%
IV*
i
United Fruit Co
27%
.
29
25% Jan
'
27
7% Jan
.-TOO
4.400
■
4% Jan >3
;•
$ per
5
Corp.-
Eieotric Coal
United
$ per share
Lowest
No par
8,900
52%
11%
'
v
107
23 %
•
United
..
par
;
Co
3.200
26% ;;
*
No
Highest
$ per share
Par
/>!' Preferred
>1^00.
:
-
109'/a 109%-
11%
26%
*106%
107%
■414 "/'lis •:>>;•
*204 /•'"•••^•■vi.:
31'
69%
*66
-
11
'
Drug
United Dye-wood
,1.900
4,100
Vz
52
B
26%
-
*8
115 %
Ooi'poration—
United
Year 1945
Lowest
$3 preferred—
>
90
25%
>$ 109% 109%.
*109%'110%
107 %
25%
118
•>
52
V
19%
48%
114
25% '
50%
12%
30%
13%
80
19%
'
United
11.000
13
v
.
24%
-
10,900
29%
Range Since January 1
■'r
200,100
51
*78
Xl9%
20 4
"
V. 48% •' ,B
113
" 6% '
otook
EXCHANGE
Shares
29%
78
112%
the-Week
$ per share
0
/; new ioa.I
•Sales for
Feb. 22
■y
50%
>
X47
,
21.r/ /,/
share
'6%
20%
29% :•;,,>
/ 12%" 43
,
12%
107%
50%
78
*109%
12%
31
6 •///A
51 %
-
;
>26/26%
v
$ per
>
14%
48
Z 49
112% ,114
Feb. 20 ;.V
5%
^
'29 Va
12%
30 %
118%
I.
53
116%
115%
27%."
107%
20%
20%
115 ./z 117;./
5%^-v.6 %
51
:Feb.
$ per share
*
<
30%
14%
29%
13%
14%
.
■
0$ per share d
6%
e%
6%
"
///Feb.lO, ..^By/,
P-rlday
Thursday
/ Wednesday
Tuesday
4P*b. 1H
/Wright Aeronautical
Wrlgley
500
<Wm)
<fr
No pat
'Del):
No
Wyandotte Worsted Co
-4.60Q
>•20% Jan
4
40% Jan
2 2 V*
Jan
37
Nov
59
Z
14
29
40%
Jan
> 53%
Dec
65
Jan
;
Jan
Jan
;
9
;,106./Feb4>
82 Va Feb
38
70/
Jan
Nov
//84;v
Oct
Jan
23%
Dec
32% Jan
47%
Dec
69% Mar
18/
.Jan .28
38
13
.
■viii:
000;.
'
r'
48
26
•
•
-48"
48%
26%
33
73
29
29%
25
f,
*
48%
45
25%
23%
'24%
44%
23'/a
44%
r45%
•' 45
23%
23%
30
31%
29%
30%
*30%
06
^68%
x63%
,65%
31%
65%; 66 >"
28% '
29-
27
; '2814
"/25%
-26%
26%
38
39%
38
38%'"
12
12%
12
12%.
40%
39%
40
13%
13%
13%
13%
and
•
71%
'32
40%
♦Bid
45'
69%
31%
33%
71%
'
asked
prices;
no
.
sales
on
24 -
0'ii
„
■?
1,900
^
/ ■'
.
-
'1
-
-
16.000
'
this day,
tin
39
.
s-ecelrershio
27%
"f
12%
•«
•
7.000
•2.200
--
'<*:
6,400
2.000
12%
u
Yenith "Radio Corp—.
Zonlta Product* Corp.
Kew steeir.
•
.38
—1
Young Spring ft Wire——No par
Youngstown Sheet & Tube—No par
Youngstown Steel DoorNo par
12,5 00
39
Deferred d*liT»r»
Tale ft Towne Mfg. Oo.
York Corp
;—
«i)«
«
Special eales.
.No par
—_1
43% Jan 21
49 Va Jan
30
13 Va
24 3 a
Jan
Oct
4
27% Jan
31
4
35% Jan
17
19V4
Jan
31 %
Dec
x63% Feb 20
74% Feb
39 Va
Jan
703.},
Dec
Jan
5
29
Mar
277/a
Sep
44 Va
Dec
12%
Deo
:: 22
28
„
Jan
Jan
,
31
25
Jan
2
38
Feb
19
42% Jan
15
10% Jan
3
13% Feb
6
-wd When distributed.
x-Ex-dividends.
»
20
34'A July
■i"
cx-r*«hs»
5% Jan
;
•
*<r
•
•
>
:v
(
•
.
_
'•
'
_
»■
Bond Record «» New York Stock Exchange
X
Prlr-
wnT,rr
it
week!
and when outside
.
....
:
S.
Treasury
Treasury
Treaiury
1949-1952
j-jp r
%f-D •
;
_
J-D
•116.28
1956-1958
M-S
*106.25
J-D
J-D
*105.29
—.——1966-1971
M-S
*105.27
1967-1972
J-D
—Sept 1967-1972
.Dec 1967-1972
M-S
June
_
"
2 Vis—--
Treasury
2%s—...
___1952-1953
2V*s
1954-1950
2Vis—
1^56-1959
2 Vis
.i.June 1^59-1962
2Vis—.
Dec 1959-1962
2 Vis
—
1947
2s—.. •_
Treasury
Treasury
AChile
..
June 15
2s
2a —r—.
2s——
Dec 15
102.12
*102.23
103.25
J-D
*103.11
/
103.26
llf
J-D
'M-S
M-S
J-D "
"
»
*104.18
r
104.24 : 104.24.104.26
i.
J-D
104.29
.
/J-D
-
1948
/J-D,
J-D,
—1950
104.29
104.29
J-D
..June 15
\
.
*102.1
-
.
^
*102,9
102.3 :
102.U
<
't
I"
-
Transit /Unification Issue—
2% Corporate StAck—,—
(Rep)
External
,
,
n
.
TQAO
,
A6s
1960
i960
.Feb 1961
assented
Feb
assented
1961
—.Jan 1961
i.j. Jan "1961
...
Sep 1901
Sep 1961
sinking fund 6si
.1969
__1982
.
..1963
BVis:.., f,
.1087
10x7
y>
Sinking fund 6%$..
A6%s assented
1961
10m
-
A 6s
—1961
assented..:
1961
iom
.
1969
I960
A7s assented.—^, //,rXi.,:v
AChinese
v
ACs
1^oremn
'
•
securities
Xi/X'Xy:/ x:
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120
REctor 2-2300
i
f>a
Members New York'Stock Exchange—-
'*
*1
58%
61%
1947
51Vi
51%
1946
51 Vi
52
—1947
Broadway, New YorkX^
fund 7s of 1927
51%
51'/*
92 Vi-
96 s1
Copenhagen (City) 5s
25-year gold 4%s
A Costa Rica
(Rep of) 7s
7e
Cuba (Republic of) 5s of 1914
1914.
f
r
Teletype v
NY 1-169^ X>
"V 1
-
81%
82:
81%.? 82%
Jan
f 8 bonds
Sinking fund 7s of 1926
A Sinking
;VXXXV::/5S:r
•
cdr:
WERTHEIM &
*'
y-' ' "
b
s
1961
1070
Oct 1961
1927
of
AColombta Mtge Bank 6% s
X ;
f
>1981
i;;>A6s of 1028
3s external
io«)
,
(Hukuang Ry) 5s
(Republlo of)— '
Colombia
X■-X:/X:v
i
•:
loan
4Vis
4%s
external
4 Vis
4%s
Sinking fund 5%8
5Vis
94
.1952
1953
1951
—1949
debt
External
•
a
A Public
Foreign Goyt.
Agricultural Mtg6 Bank
(Colombia)— v
AGtd sink fund 6s
AGtd sink fund 6s
Akeihhus
(King of Norway) 4s
AAntioqula
(Dept) coll 7s A
__1047
1948
1968
F-a
a-o.
1943
::
AExternal s f 7s series C
1943
AExternal s f 7s series D
1943
AExternal s f 7s 1st series
1957
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series—1957
A Antwerp (City) external 5s
1958/
Argentine (National Government)—
S f external 4Vis
1948
S f conv loan 4Vis
1971
8 f extl eonv loan 4s Feb
1972
8 f extl conv loan 4s Apr
1.-1972
Australia (Commonw'lth) 5sof'25_1655
External 5s of 1927
1957
External g 4'/aS of 1928
;_1956
Belgium external 6Vis
1949
External s f 6s
1953
External s f 7s
^1953
IA Brazil (U 8 of) external 8s
1941
Stamped pursuBnt to Plan A
(Int reduced to 3.5%)
1978
AExternal s f bvis of 1926-——1957
stamped pursuant to Plan A
Y>,v"
(Int reduced to 3.375% )„__1979
of 1927„
1957
Stamped pursuant to Plan A
(Int reduced to 3.375% )
1979
A7s (Central Ry)
1952
(Stamped pursuant to Plan A
(Int reduced to 3.5%)
—1978
5% funding bonds of 1931
Stamped pursuant to Plan A
(Int reduced to 3.375%)
1979
External 8 bonds of 1944 (PlanB)—
3%s Series No. 1
—
3%-s Series No. 2
1
3%s Series No. 3
—
3%s Series No. 4
AExternal s f bVis
.
3%s
Series
No.
No.
*%s 8eries No.
3%s Series
5%s
Series
m-s
114'/a
1977
_
Series
No.
No.
2%s
Series
No.
*31%
32
A-0
31%
Series
No.
Series
No.
M-N
Series
No.
footnotes see
page
30%
S
135
1
97
97
97%
A-O
112%
114%
*11V/* 112'/*
112
113
—
162
165
99
99
J-J
109%
M-S
105%
120
(Republlo of) ?S—
French Republic 7s stamped
Is unstamped—.
■
t.
A
Estonia
:
,
J-D
■—
66
■
J-D
j::
64%
...
*64
J-D
•,
■
109
A Jugoslavia
105
106%
AMedellin
XIX
■
^
111%
X
?
113%
64%
Mendoza
66
Mexican
2
62%
64%
2
58
59%
62%;
...
v-v '
"
V-V:—
yyy* \...
X;v'.s >—
X, ';::
..
...
R-v
61
65
*77
*77
60%
*60%
61
61%
.
:
:
Vi-
65
103
103
102%
102%
.
3;' X
X
28
—
;::.V
50%
.1967
111
1949
,■■■,
50%
111
1949
22
18%
.1964
s
(State Mtge Bk)
19%
101
102
104%
(Colombia)
6Vis
18%
7fl—-1957
v
58
58%
:
.
;:mt- 'X
X: y.^t'
(Prov) 4s, readjusted——1954
Irrigation—
Vv
Xi'XXX'.J
;:VX
21
'■...:
79 '* V-:
:•
66%
85
XX
——
!J'
■
79
77%
65
••
79
;
V
77%
68
XX
MABE8 & no- Ma'
79%
;
80
:
:
•;
79%
80
77 :
63%
FOREIGN SECURITIES SPECIALISTS
80
60%
3
FOREIGN SECURITIES
67
61%
61
y 4
'
61%
62
61%
1
XX
13
605's
61%
5
61%
*60%
:
,
60%
•63%
61
,
61
60%
50 Broad Si., New York 4, N. Y.
63
63%
9
—
60%
62
Ml
60%
63
21%
16%
FIRM TRADING MARKETS
62
19
Telephone HAnover 2-0050
'
96%
65
61% -r'67
24
31%
96%,
For Financial Institutions
62
:
30
1954?
65%
/
:;ei.
8
63
79
Vv
ii
60
•
63
63
v77
61%
...
*102% I.
*102'/a 110
*102'/a 110 *
59
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vy
61%
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.
..
>
s
63%
foj;
'
—
:
66
58
'
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58%
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'#»•»y'
,—
X.;v:X^S'j "X X' V.:
«»§,
""
x.
—
*102 Vi
X'•>A4Vi8-. stamped assented
1943
AAssented to Nov. 5. 1942, agree
A Mexico (US) extl 5s of 1899 £—1945
AAssentlng 6s of 1899
1943
AAssented to Nov. 5, 1942, agree
A''
62
Sx61%Sn?t6}u
—
109%
••
A-0
97%
103%
73%
idew
--
).-%
...
106%
58
*65%
96
17
105%
X68/X..;X;;/:
58
J-D
97%
100
107
i1 -•!
A-O
102%
1968
(Republic)
103%
59%
A-0
97%
100
f 6s series A—1982
Helslngfors (City) ext 6Vis
1960
Irish Free State extl s f 5s
——IS60
Haiti
paid..
part
101
64%
59%
99
102'/a
99%
64%
A-0
99%
98%
*
part paid.——..I;.,,'Y,
11
''
A-0
*102Vi
...
98
96
A7s
24
66
*59
96%
97
/ A6s
Greek Government—
XXv 1
109
/ 105% 105%*:
113% 113%
J-D
102
..
99%
-
J-J
96%
103%
XX
103%:
109
v
102'/e
*98%
103
: X::
102 %
;
90%
97
36
104% 105%.
M-N
M-S
...
97
X;X,: l;.-
109%
109
—
101
,
--'•
89
97
108% r.108%
101%
23
i
97%
108
31
31%
|
113
114
94%
39
;
*164
—
31
*0'" 9"?
3
102% 103
101
101%
101
...
1052.
31%
"
f-a
...
16
For
X
M-N
15
3%s
)
31%
36%
31%
mi*.
/
37
1945
(Rep of) 8s ser A.1951
fund 8s series B
1952
,
...
14—
3%s
; 36%
36%
■
113% 114Vi
91
108 :
„
■■
11
3%s
37
38
A-O
■x
12
36'%
36%
f..;-
37%
32%
...
3%s Series No. 13
36%
36%
*36%
*31%
*110
100%
.97%
3
.
*36%
J-D
79%
35
36%
;'37:Xv./:>
A-0
.
10
3%s Series No.
36%
J-J
9
Series
'
92
92%
37'/* .37%
1953
—
1942
External gold 5%s
5Vis
1955
External gold 4Vis
..1962
lADominican Rep Cust Ad 5Vis
5Vis—1942
§
5 A 1st series 5Vis of 1926
5%s
1940
// 5 A 2d series sink fund 5 Vis
a
5Vis—
1940
Customs Admin 5Vis 2d series
series—1961
5 Vis 1st series
1969
5 Vis 2d series
series—.——.,
1969
79%
77
■
J-J
8
3%s
80
100%
100
—
*36%
5
3%s
.
*78%
..
J-J
6
7—
No.
.
J-J
1945
AExternal s f 7s series B
77
*78'/a
..
94 Vi
.V;*103% ,.J
*102 Vi4—
IA Denmark 20-year extl 6s....
6s
"•/if/"-'/).''
93Vi
i
..
1949
—
wks 5%S
5%s—>
A Sinking
ASinkIng
t$ Monlelpal
Vi,
X..
A Czechoslovakia
.
104
f 7a.>._1942
a
AChHean Cons Munio 78—
"•r.."
102 Vi
1961
A6s assented
-
; 101%
lpo
193a
AGuaranteed sink fund as
>
i'■
.
_1960
AGuaranteed sink fund 6s
York City
mmm
.
103% 103 Vi'
1976
AExternal sinking fund 6si
..A6S aMwntedv- '
A
.
New
101 % 101%
.1984
8s„
AChile Mortgage Bank
:A6%S assented
■
.
: V
V
.
.*107.15.10747,a"//
%
Gl
.102
1976
»: .A6s assented
104.20
61%
63%
; 60 vi
62 :
; 6i vi
XV-61)-. 62 l:io2: 102%
..1970
„
I $ bonds
a
(City)
AExternal
104.14 104.14
60 y«
15:1948
A 6s
.404.3
*104.1
4"
A-
'
62
% 63 %
1977
AExtl sinking fund 6s
a 6s
assented
104
*103.30
^
f 4%-4%s
ARt external a I bs..
*103»30 104.^.
;
M-S "
1952-1954
1952-1954
-
103.13
*103.24
J-D
63%
•
•,61
1981
| AExtl sinking fund 6s
.
M-8
,'..1953-1958.
1%S:——
!%•
Treasury
Treasury
__*102.10
60 Vi
61%
r
1950
AExternal sinking fund 6s
A6s assented
102.20
1951-1995
2«
Treasury
*102.18
Ms
—March 1950.-1952
Sept 1950-1952
-.1951-1953
2s
2s
Treasury 2s
__•*
«—
1958
A7s assented,,: ;
103.18
63%
.
(Dom of) 30-yr 4s_.
3%s__
107.4
103.12
60 Vi
61
^ 61 '/a
61 Vi-v:
:61 '
•
.1957
25-year
2%s
103.10 103.18
:
63 %
(Province of)—
s
ACarlsbad
J-D
.
Canada
109.29
107.4
.
stamped
106.1
„
—
,
:
I
61 Vi
*60%
'
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61
61%
60 y8
:
61Va
61 Vi
•
3%s Series No.
*109.26
J-D
61
*60'/a
61%
107.22
-;
M-S
62 '<
61 Vi
,60Vi
*106
J-D
1948-1950
Mar
...
Treasury
Treasury
105.4
_
Treasury
Treasury
109.15
104.22
/
—
63
60%
60 %
-
61
62 ,
60%
»yf---
3£ external
.
J-D
2s——
Dec 1948-1950
Treasury 2s
Jun 1949*1951
Treasury 2s
—
.Sep 1949-1951
Treasury 2s_ii—
..—.—Dec 1949-1951
Treasury ,2s.—....
v
61
:/
29—^—.-—--^^..:
*107.20
J-D '
.
Treasury
Treasury
109.15
__
J-D
23,
Refunding s f 4Vi-4%s
readj 4%-4%s
External s f 4%-4%s
104.29
104.22
105.1
J-D
r_195l-1953
'
:
.63%
63
61
y
External
105.29
61%
60 Vi
27-.^.;.l...i-i..;....:
External
105.31
61%
61
25———^—::^-/.,.^'.
a«
>
High
61 »/a
No.
A 6s
105.30 106.3
104.29
Series
Low
60'/a /
Vi
,61
No.
Buenos Aires
106.8
106.6
J-D
M-S
22
No.
January 1
61 'A
*60
(City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
106.14
1965-1970
No.
Series
Range Since
Sold
No,'
J
Brisbane
106.27
*106.12
Treasury
Treasury
110.11 :
•;J-D/
1964-1969
1964-1969
.Dec.
~
Series
.
Series No,
33/4S Series: No.
;
107.17
107.9
1663-1968
Treasury
Treasury
106.17
*107.15
*107.7
__
__
21
Series No,
■;
High
61%
20__.
No.
3%s
.
104.25
*110.9
v
No.
Series
3%8
-
•'118.23 "lH.23
'
JW-S
.1962-1967
Treasury
Treasury 2Vis
Treasury 2 Vis
.
*106.15
J-D
M-S
June
2V2s_—
2Vis —
Treasury 2 Vis —
Treasury ?%s ...
116.3
*104.23
__
Series
Series
Bonds
Thursday's
Bid & Asked;
—
3%s Series No.
*"118.23 118.23
-v'._
M-S
1950-1952
•
Treasury
<
J-D
or
17.
3%s
116.7
*116.5
Last
Sale Price
19
3%s
109.21 109.22
.
Thursday Week's Range
lb
No.
3%s
104.11
109.21
109.21
No.
No.
Series
3%s
115.26
115.19
115.19
115.19
*104.9
M-S
:
.1952-1954
_
111.18
;
60 Vi
Series
Series
3%s
111.18
109.29
(Continued)
bonds
$
3%s
101
111.18
M-S
J-D
—1948
..1949-1953
_
100.25
■
Interest
Low
3%s
100.25
:
(Continued)
3%s
108.29
111.18
:
Exchange
3**»s
100.30
100.30
100.25
Jf-S
—1-1955-1960
1*948-1951
—.1951-1954
.J
1956-1959
1958-1963
1960-1965
1.06.3
*108.?7
'
M-S
10&1-1953
,
.
Brazil
High
-».1OO.4'rl00.6
r^r*100.25 100.27
J-D
_1646-1948
3s—
Treasury 2%s—
Treasury^3%s—
Treasury 2%s
Treasury 2%s—
Treasury 2%s_r.
Treasury 2%s
Treasury 2V2S—Treasury 2Vis—_
Treasury 2Va6
Treasury 2 Vis
Treasury 2Vis
Treasury 2Vis —
"...
Treasury 2lis —
High
*106.3
MS
1946-1949
Treasury
Treasury
:
AO
<
1946-1956
"
; v Low
Stock
Period
External
1947-1951
3s—_
Treasury
g Sold
Low
York
New
Range Since
January 1 //
Bonds
or
Government
4V*a—
3%s—
3 Vis—
3 Vis—
Trea»ury
Sale Price
Thursday's
Bid & Asked
/
Last
Period
C.
BONDS
Thursday Week's Range
Interest
Exchange
Stock
i* taken of such sales to computing the range for tha year.
of the regular weekly range are shown In a footnote to the week to which they occur. No account
"Interest Period" Indicate to each case the month when *h# honda maturev
//■/7range For week ending February z2
x:x//V;X-
B o N n 8
York
New
YEARLY
the column headed
italic letters In
The
WEEKLYV:
-
Cash and deferred delivery sales are disregarded to *ne week's rings, unless they are the only traaaaetteas of
defaulted bonds.
Income and
interest"—except for
..ftnd
....
-
/
Teletype N. Y. 1-971
16%
Volume 163
r
Number
/, v-'V'*' ; V.
-f
'
'<
i*.
4467
I
-
:"it ' \Y.A-;-
'THE COMMERCIAL & FINANCIAL CHRONICLE
'•
'
,
y>v-'--v-AA •/'■-V.;:'.!'* "V ' .A; A '*>)A
■t4'
•'
•
NEW
"*
y
BOND
FOR WEEK
offer
we
services
our
fpr quotations
Railroad
ESTABLISHED
■
■
-
BONDS
York
Stock
Interest
Exchange
AAssenting 4s ol 1904
}A Assented ; to Nov. 5,. 1942, agree
^Assenting 4s Ol 1910
,..1945
Last—
to
j' IA Treasury 6s
AAssented
Mlnas
Ueraes
Nov.
oi
to
5.
1913
Nov.
(State?
ASec external
Iv
1942,
!>
reduced
tint
to
Norway
f
s
Stamped pursuant to
jAPeru «Rep oil
j : ANat
loan extl
a
f a Net Loan ext!
IA Poland
a4
(Rep
P-A-
..1970 2
1958
«ef A11963
-
Plan
^
A'
7«..
f 6* 2d
gold
27%
*
-."v-
28^.*
^".28 "" "28%
126% ^28%f. V -105f
-:*x~ 10 '•
26% 28
A-O
*21
/
A.;
(City
of'
8s
1948
*
Stamped pursuant to Plan A
J-J
19%
24
27%
35%
19%
24
2im2iv<,
^
I
(Int reduced
-
,
—
■
Af-N
43
80
'
»
.
i
'
a fi.e
I
43
2
43
80
._v:
-
82-
85
47*
H
102%
46
45
external ioan of
1926
*41
43
-
i
.'..v.-
■■
P-A
444.Jt
s-'iu.
%41S.2
2t.«
^™.1960
1967
(Int reduced to 2.257c).
2004
Santa t* externa) sink luud 48—1964
Paulo (City) 8s
*—1952
Stamped pursuant to Plan A
^
(Int reduced to 2.375% ),,J2601;
A6"as extl secured s f..
^.1957
JASan
Stamped pursuant to Plan A
Paulo
fASan
to
(State)
*39%; 42
A-O
1930
ftxtl
water
47
,45..:
v.
7-d
.40
■
.
(Int reduced
-™_._1956
|A Secured
t,
to *2% ).
; i
(Int
redueed
Serbs Croats
I \ A 8s
A 7s
,...2012
ASUesla
3.57o )..™1978
Slovenes
«x
secured
series
to
36
(Prov
sec
of)
1962
....
extl
39
Af-S
.! i A External sink fund
AExternal sink
3%s-4-4y8%
-
External
t,v
42%
J-J
.41
*69
T;
¥
''57
A Warsaw.
(City)
external
series
§A5s
Adams
J-J:
A
stamped,..'
Alabama
Power
1st
mcge
58
6s
with
Albnnv
Gen
^
warrants
,
16% 116%
J-D
*17%
64
'
21%
P-A
: 16%
r
103 y2103%
...For
footnotes .see
•
»16%
16
v
16'-
.f; 24%
.
-17%
102
•-*115.,:;
''u
101 Va
101
101
,
\
%
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98
98% 102%
102%
.101
104
102%
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103
101
10i%
102
102 Vh
*102%
;
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<
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35
102%
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108
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2
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1
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108%
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1
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194% 104%;
104%
;
105%
105% 103%;
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:105 % : 106 Vs
W:
107%;
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107%
106
106
107
105%
106 y*
—
40
105% 106%
106
105%
104%
'
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•
157^1100'A 104
139 •j<*176%
81
15:~75%
85
101%,;
iQ0% 102%,
"■78^77% ,80 ;
79
'
-79
80%
M-S
,
^
M-N
.
-.
•
'
"
87%
88%
•
■
51%
52 *
54
U
'
100%
A-O
106 '/a
■:
%:■ 55
5
100%
104%
107%
108%
106 Va 106 Va
■
•:■■■-
57
105
98
10
99% 1C0%
,
55 -v?
104
A.'""
*105%
A-O
J-J
48%
'103
54
54
5s gtd—* -I960
85% ; 89%
197
89%
■ >
A-O
.
1955
5s
132%
101%
102
l Y 108
.108
:
F-A
,
130%
101%
*102
A-O
;
4
Yi
132% 132%
*101% 102
132%
J-D
!_• -
^
21.
20%
Af-N
25
Can
20
Pac Ry
F-A
88%
!?*
J-J-
4
<
*81
*18
:
*16
.
90
A
Adir
89%
89%
;92Vhv
Or;;"s>*
U
- 'v:'
■'
17'A
;
83 :>;•
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15% ;
..1948
1967
F-A
M-N
V-J
A-O
1948
A-O
19nf
A-O
1975
A-O
"106% 108
103
101%
35
95
-V
83
tCentral
5
••'
109
102
*100%
102
*2
-101%
105%
! '•
•
•
5
102 %
5
.-.J
__
115 y4115'%
3-D
125
122
125 %
116%
118
117%
119-
122%
4
123%
11
;;
123%
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115% 116%
__
•■-i.
121
114%
116%
T01J5 1011?
.
101
102 %
,
.
__
117%
F-A
J-J
:
,
*123% 124 V*
F-A
J-D
107%
118%
21
T17% 117%
*118% 118%
,
..
J-J
A-O
.
108 %
117%
116
n*
117%
;
'
33
17'A
103%
101%^
105%
107 1 4108%
rvi 102's. 102%,
101
99%
.-114
MS
.
■
A-O
1948
89%
1945 |
P-A
106%
95
105%
'
90%
4
96
of Georgia Ry—
Nov
99%
103% 106,%
SAConsol gold 5s
A Ref & gen 5VaS series B
ARcf & gen 5s series C
:74%
Div
1st
fACent
v
V-
gold 5s
1st
registered
A4s
82
79
A-O
25 y*
24%
26%
24%
26
;;22%^ 26%
J-D
78
80%
Y76 Y>. 81'vii
38%
40%
4s__!951
....1966
..1961,;
gtd 4s
3
«
Y Power 3s
gold
5s
& ref series A
(AV*%
to Aug 1
■"—
1974
——1960
26%
37
•
,/
41
108
]'l V
108%
100%
105%
52 V*
58%
44%
61%
51
57%
42%
60 '/a
54%,
39%
"
54^4
Y
•
•
49,
■;
7':
•
A-O-0
■
;
'</■■}
109
£ f
105%
•
105
50'%
56
52
108 y*
109% >
: 109
'
.
107%
108%
110
106%""
105
106%
113
113
'107
F-A'M:
F-A
23%
..
105% 105%
J-J
J-J
J-J
,
J 84
;
Y;"
A-O
"_
1949)
—
53%
1987
4 s.;
Guaranteed
1st
J-J
1987
—
'Central Pacific 1st ref: gtd gold 4sU949 :•
100 '/a
;
registered —*.—-—---1987
N
' 84
M-N
A-Oo
1946 1
Light 3V2S
Eng
New
A General
{Central
105
116.
A 5s
96
106%
1959
fACenttal of N J gen gold 5s__.—1987:
,
106%"
1959
1945 j
;
AChatt Div pur money gold
f
108
91
89
.
44
106% 106%
3-D
107%
2
107% 108
Y:
...1965
i
105%
103
*104% 108
"•
J-J
:
■
107%
*108
,122% 125
125'A 125 %
,
i-.
..1981
U" P 1st gold 4s
t
108%
1
,101% 101%
''102
;
4s_...t..—1969
gtd gold 4s
Alst mtge 5s_.
21%
105%
103
108% 108%
^
123
"
'
'■> 10- "—104%
~
•cl04% 104%--
108%108%
•
J-J
.
Ry deb 6%s—1946
Ohio
A
1st
Central Illinois
107%"
1957
Corp 3s debs
AMobile
J-D
r
deb stk perpetual
4%
Branch
AACent
"
.
,
1st gtd 4s____1949
Certificates of deposit—......—
Cart
86
5
927/a ;
21"
86%
.
96
■
,
—1974
5s A—1962
tlACarohna Central
t
104
;':':87.V;
88 :
-**,
y'.
13,
91
88
,
A-O
M-N
A-O.
1968
3%s—
gold 4VaS
Northern
^Carolina Clinch
*87%
;
Power
National
Canadian
—
88'A
J-D
Elec
j;—
*110
—
Af-N
J-D
page, 1052.
16?^:
101%''^101% 101%
"
A-O'
gold 5s.
Oct 1969
Guaranteed gold 5s_...——— .1970
Guaranteed gold 4%s_:
;
.1955
Guaranteed gold 4V2s.——1956
Guaranteed gold 4%s..———1951
•64'r
*110
—
-
Af-S
,•
.
Guaranteed
V
•:
948
:
?88Vv
,
Niagara El 1st mtge 2%s_1975
Celanese
3Mjs_.,_-1972'
:
75%
-
t debentures..,.,—.^...—1969
Canadian
76
1
Af®
;„1948
assented
833/%
JJ..'*,.^M»»W0I'.i.S'%«i*?QviT.
J-J
^ M-N:' Y
'Calif Oregon Power 3y«s—
Canada Soutnern cons gtd
f
A-O
r.i.1953
Susquehanna RR 3vjs
mtge 4%s
96%
F-A
3%fr
Pgh Ry—
k Stamped modified; (interest at ■
3% to May 1, 1947) due
-.1957
tBurlington Cedar Rap A Nor—
§ Alst & coll 53
„.«.1934
ACertiflcates of deposit.—
Bush Terminal 1st 4s...——1952
54
•
72
F-A
Albany Perfor Wrap Pap 6s
92%
59
:"54;
A-O
1947
lO-.vear deb 4y»s stamped
Alabama Great Southern 3'/4S
:94%' 97 'A
-r^\
M-N
M-S
^California
J-J
F-A
;
98%
:•
■
65
54%;
F-A
1978
•
'93%
100%;
101%
70
60
*58
..1958
•
:;•••
99
v99V4
94'A
F-A
jBusb Term B1 dgs
65
;
*57
35
1984
i.
..
^
M-N
4s s
42%
55
*..
1979
Express coll tr gold 4s
Coll trust 4s of 1907.
};
J-J
\
63%
63%
*61
..1958
Power & Paper-
98
99%
v
96%
•
1st mtge 4s series RR
,—1960
Alno mtge 4%s sei. A...-..July 1970
Railroad and Industrial Companies
fAbiubi
»
j-j
J-D
.^1978
,|A4%s assented
\l
65
.
M-N
1979
7s
i°5
Jlf-8
tABoston A N Y< Air L lst lsSS.—1955
1937)—
:ri 3Va? extl readjustment...
r
.
MS "
—,—1951
—
1st gold 4%s series
;
98
67
60
m-N
conversion—;
i 5 4-4 %-4 Vas extl
:
M-S
AT-N
com?
readjustment
107 Ya
'
^ •
100
Bklyn Union Gas 6s series A.,---!194?
Gen mtge s f 3%s.—1969
39%
*37%
1948
readjustment
External
stamped^—
Buffalo
42%
_l_,_1964
II 3%-4>*-4ft ' extl
(int *t
95 r;
98%.
'■
'•
J-D
Bklyn Edison cons M 3 Vis..——1966
Eklyn Union El 1st gold 5s—.—..1950
*39
1960
($ bonds of
■,;
..Feb 11960
Buifaio Rocnester A
1955
6s
fund 6s_..
'
J-D
- *
■*
:■
Jf-N
1958
:
Sydney 1 City» s f 5V2s
A Uruguay. iRepubllci
extl 8s_
.
81
:¥i0Tx;^O03";J'T03%'
Cons mtge 2%s ser I—.-.—.1970
J-J
Boston A Maine 1st 5s;A C.i,!-pv^l067^;Y;- M-S-fVif;
1st M 5s;series
MfcNvv!sJ
39
96
1958
7s
V' A4%s assented
44
' 38%
35
10514—105'/♦ 105%
|
7-d
1962
extl
s
.
40
(Kingdom)—
external..:
B
1998
Beneficial .Indus Loan 2V46—.—-.1950
2%s debentures..!..
,..1956/
Bethlehem Steel Corp—
J.t_
:s
^..,.^.1940
Stamped pursuant to Plan A.
-.'*k
'v42%
43 V2
36%
Va
35
107
112
' T17lA
114
•
.
,
1 7s.,_.,
»
43
43%-'
136%'
'4'
M -N
j-j
Stamped pursuant to Plan A
^
106%
109 V*
106%
102 y#
111% 111%
ll4' ?116%
t
101%
?
j-j
;(Int reduced to 2.25% )..
2004
AOs exti dollar loan...
......1968
i
114%
101%'
40%
J-D
.U*1999
Stamped pursuant to Plan A
I i ■
•
:
in%
J-J
-OA
-w,^iwi950
loan...
due..
Consolidated
Stamped pursuant to Plan A
(Int reduced to 2.57p )——..1999
A7s
128%
.f:;''
;
J-J
'-f
'
8*
(Int reduced to 2.5%
S-J
Bell Telephone of Pa 5s series C—1960
" m'
•
2% )—...2012
A8a- external,^—^
124
125 y«
..
Pgh L B A W.-Va- System*^";.'.''\0Zrf00
Ref gold 4s extended tol^.*.1951
M-N
4s
Stamped pursuant to Plan A
-
107
139 </i
124
:
4127V* 129%
J-J
45
.
reduced
v
Beech Creek Extension 1st 3%sl..» 1951
42;
38
A
....
(Int.
^
105%
137% 139
1126%
Bangor A Aroostook RRr—
■:i Con ref 4s....—..—»...^.™__1951
41
V
f-A7* municipal loan
Stamped, pursuant to Plan A'
;
..f
95
103 Va
< :
131%
106% 107
137%
-4j-D'
•
92%
100
2
B
S'west Div 1st M
45
41
:■
Stamped pursuant »o Plan A
(Int reduced to 2.25% )-.__2004
i
106%
Toledo Cin DIV ref 4s A—..,.. ..1959
4 - ■j t
f4 '
102% 103% - «f, •«*..7.v- 102 y* 103%
A-O
F-A
external sink fund gold^..„1968
■■/f Stamped pursuant to Plan A;;
r (Int
reduced to 27c)—™_2012
'
!!l964-
V
2
V-
v,
,
•44^;:;.:fg6-JanT-'T947);due^.^^I950':".f:f
'
,
FeA*
—
;!j
*39
>
24% )-.r,.199§
to
A
95
103% 103%
M-S
.
'geh-i Wifi) due—1996
* A Conv
i
,
Plan
.
i
V
-
■
"
f.,,',;'
^..1953
Stamped pursuant to
!_1964
to '
Sep 1 1946) due,..—WW....2000
,vRef;A gen ser P (int at-: 1% to- ■
I :r
V-r
42
Stamped pursuant to Plan A
'•
95
i.
15
\
Ref A gen ser D (int at 1%
.
1
:f
43.-43
45
A-O
(Int reduced to 2% )^_.,,..2012
Elo Grande do Sui »State pf)—»
A8sv extl loan ol-1921
.—,™1946
i
Jan
; Q-J;
:]
42
■
i
3-3
72
•
■
i
21"
30
»38
2001
6%s
sec
106%
:
Y'
106% 106%
•.•rl47Va 153%
" 103
107%
103% 107%
103% 105'/a
' 105% 106%
"
11nt reduced to 2.375 % )
;
A-O
ltd Dee i 1946) due--^%.!%..7998
21
J-D
<
A Prague
(City of Greatert 7%a.L_M52
Y&*:<■-}.■
V-Yy;"-.f,f
Queensland (State) extl 6s
,1947
106% 107%
f
f
Dee-1 1946) due..,—
'| •': Ref Af gen" get:C (Int •at-lY*
23
30
-
»
...
Plan
73
106% 107%
104% 105
RR— - f
•
r' 0.. JulyT948--- ---:V'A-6--4
Stampebt modified bonds-«-^ - - - ^ ^
A '-f.-lst-mtge -gold (int at- K% W
--I
r
.Oct *1 1946) due:..!ii,July 1948 •
A-O
?
Ref & gen set?,A (int at-1 ft- to
f:>32%-^-
J-J~
v":
f f; A External
^33
;
19%
A-O
«|Int reduced to -2.25% ),_._2006
108%
124
i
J
]'2$VS-;30%
9R\'L 'Cf *JA5/26%
.30%,
:•*
1966
Stamped pursuant to
153
149
*
107
'-eiecto^iiiottgage^a^^^^
\
40
28"
26-
A-O
•8tamped pursuant to Plan A
*
?;
(Int reduced to 2.375 % )..,.„2001
arjo n.< Janeiro
-
00
1988
External load 7%s
151
106%
..
100
A-o:
f l
;
4 Porto Alegre (City of)
8*^-^^4,1961
■'
99%
in
;.1947
•ij ;f-A 4 %s assented
107 l/a
80
f:
104%
Atlantic & Danville Ry i «t 4»
l
102 %
January
Baltimore A Ohlo
ofe'f/*
•
.
4%s
1
High
IOOV4
107% 108'/*
107%;
m# 1st mtge gold
A-O
;
102% 102%
Af-S
...1969
unified
Low
...J
Sold
•
-
*0 "
J-D
External sink fund gold 8s;~.^.19S0
*'
•
-
lf-3
1961
v:
General
No.
High
x-0
,
Range Since
Bonds
Thursday's
Bid A Asked
1962
3s
!
ioiy*;ioiy^
^-1960
a4 %s assented
A
103% 106%
99% 106-
'M-S
6s______1940
f 7s
a
-
Teletype-—NY 1-310
>
;;
,
,
101% 102%: f.;
*98% 100
M-S
tea-assented—---2^.-^»Li.l.i958
i A Stabilization loan
.103%' 106%
3f-N
,.1959
ser;
;
f;
/
38 debentures
deb
1st-mtge 3%s series E__...
Atehison Topeka & Santa Pe-^
101%'-103
;
*101% 103
or
A-O
*
.
f General 4s.^.i..i-!,.,.-,!4,i;^..15a8,:;-A-O'"Adjustment gold 4s_
July 1 1995
Nov
Stamped 4S!.—July 1 1995
M-N
Atl Knox jk Nor. 1st gold. 5s.....!.194A
J-D,
Atlanta
&
Charlotte; Air -Line; Ry— '
■| 1st mortgage-3%s^.-!1963 '
VL-tt'
Atlantic. Coast 1st cons 4s_.__July 1952
M-fl.
r : 101% 103%
103% T07
102% 102%
J-D "V
M-a
Last
Sale Price
Period
'
45
'
i—1994
Interest
,
Nitrate deb.!....,196«
:Ann Arbor 1st: gold 4s——1998
Armour As. Co (111)—
40
43
;-
M'H'y
1963
•
t 6» 1st ser
a
39%
40
±.''Xt
99\/i- 99y«
J-D
A-O.
"
'
conv debentures..!
.„.1956 ;• f
; 2%s debentures....-.!.—;.^..i.l980
ff p-A • 0
•|'>2% debentures l
._.-.„...r.1975
' A-O
<
York 6
Thursday Weeks Range
Exchange
'
A Anglo-Chilean
104- *^104 ;
~
Stock
•
Amer Tobacco Co
*103%
-
__
V.
i '
-
New
Bell
•|f 3s
15
—
..
103'% 103%
A-O-
2.125% )—,._2008
of)
-.vi4%;
*103
f
'A-O
M-8
1963
1963
Exchange
'
-
American Telephone & Telegraph Co.—
'120
f-A
,,1956
1
external
'
11 y*
s'J."
,
46
•39%
*125 : ;
M -N
Ext*sec ref 3%# series B_.,_i.._,198?
APernambuoo (State of) 7s™;
1947
to
V
40
J-D
1.1958 J
sink fund 4%s
reduced
T3%'
12%
10%
7
•-
f
40
-.1957
Stock
' 'i
Alleghany & West 1st gfcd 4s
1998
Am &-Foreign Pow deb 5s
...^.2030
46
ii-s
t
v;
High
—
5s;
York
BONDS
New 'York
\
:c¥'f■:
...
Jtf-S
1959
Member* New
Broadway
Low
1
11 %
18%
4(
-I
,
'
(Kingdom of) 4%s
(Int
12%
:
'18%
__
,^1952
4Panama (Rep) «xt! k t 3a
H
A Stamped assented 6s
)) Stamp mod 3y88 *xt to
1
v
?
Plan A
E Municipal Bank extl a f Ss
(City;
a
ioie
;
2.125% )___2008
4s sink fund extl Joan
slo
jt-j
1959
|| External sink fund 4%s
;
No*
.
*14% .lS'/a ' f,
2.125% )._.2008
reduced to
External
11
♦18%.
•
,
1951
t b%s.!
s
(City) 7sa 6s series
A.,
New Sontn Wales (State;
i External s I 5s
:'1
January I
.
"
agree
;
Stamped pursuant to
ft?
Range Since
Sold
High
12%
__
fe.
'
J-J
assent™ 1933
5, 1942,
^Montevideo
■A t
Low
agree
stamped pursuant to PJan A ^ i ~
v
(Int
v*
Bid & Asked
—
f 6»/2S
s
ASec external
;
*
v
Thursday's ;; Bond*
or
Sale Price
3-D
61
Telephone—DIgby 4-4933
^'
?
Reorganization Securities
'
Mexico—(Continued)-—
AAssented
•
"
i
t.
1926
Thursday Week's Range
Period
if
""
,.r
.
PFLUGFELDER, BAMPT0N & RUST
•
AV "';'';AA,;; A'
t
.
on
27 State St., Boston 9.
Broadway,; New York 4
Telephone s Digby '4-1388:'A A A A'A AAyA Telephone: Capitol 8950
,^
'.' fTeletype: BS 169
Teletypes' NY 1-86
i
t
(
22
II. D. MOX & CO.
11
■
1049
.
RECORD
ENDING FEBRUARY
OVER-THE-COUNTER SECURITIES
New
'
■
...
dealers, banks/ Institutions/ lawyers, executors aii«T
individuals,
■
:''V
'
'
,
YORK
RANGE
To
'** '
%
,
—1974Yy:',:F-A
*113
FINANCIAL CHRONICLE
THE" COMMERCIAL &
NEW YORK BOND RECORD
■'?>B O N D s
Interest
Exchange
Stock/
Sale Price
or
Lou>
Co¬
9 A Central RR & Banking
bs
yutoapoaKe & Ohio Ry—
General gold 4%s
3%s series E
Ref & impt M
105
•
105-
104% 10&
; ;
135
■;
1989
i.
147Va
15
105
107%
104%
107%
135
135
19'
•
1187/a
__
••
%s__-—-——1985
2%s
1970 ?
Cu.cago & Eastern 111 RR—
A Gen mtge inc
(conv)
—1997
1st mtge 3%s ser B
1985.
Chicago Si Erie 1st gold 5s
1982'
Ch-csgo Gt West 1st 4s series A_— 198ft
AGen inc mtge 4%s~
Jan 1 2038
tCmcago Ind <b Louisville Ry—
,
{ 1st
106 %
Refunding 4s series C—.
a
& gen
1st
|
Gen
>
conv
83
lAFlorlda Cent & Peninsular 5s
A.——i*~»»—1994
94%
97
95%
97%
106% 106%
3
'
16
93
1952
28
38
1953
|
;
vf:'-.
96
99
^
104%
107 ya
;
106
10
mtge 2%s ser G
59%
•l,\'
s'M
100
15112
112% 112%
112%
6
105% 105%
•.
Cin
& M Div
Wab
L Div
St
4YaS series E
*111% 112
:
Household
112%
-
>,r'
:
**
Hudson
-
Hudson
:
1990
Cleveland
(stamped
-
105 %
6
108
89%
,
s
102%
103 y«
103% 104
103
104
109%
103,
-L
—1948
1950
1961
1972
1973 €?
"
*106 %
-
■
gold 5s
■
"•?:
J-J
i
M-N
1999
1937
J-J
1970
A*4~19621949
J-D
•
M-N
,
1957
F-A
Feb 1957
1st
A-O
5s A
AAdJ income 5s
93%
•
Illinois Bell Telep 2%s series A
'
1st
__
*116..-
_l.
J-J
-1931
1951
J-J
J-J
*104%
A-O
•103%
108
3
108
107
107%
107%
A
115%
.108
1980
1961
gold
.
-
110
Extended 1st gold
Collateral trust gold 4s*
108%
83%'
80%
81
103%
80%
57
Refunding 48*——*
84%
3%s_
Collateral trust gold 4s
102% 104%
21
103 % 103%
1
1952
*19551952
1953
1958
Refunding 58-
*106^/4
extl 4s
*110
1953
40-year 4%8**-*-M.*-.*****.***1966
Cairo Bridge gold 4s
.*1950
f Litchfield Div 1st gold 3s
—*1951
■A Louisville Div & Term gold 3%S-1953
-~
109% 111%
1-11
*115
Commonwealth Edison Oo-—
1st
—————1958
3Yab-
debs
mtge
Conn River Power s f 3%s A
124
127 Va
series L
—1977
ref 4Vis———1951
3s
*111
—
1961,
124
423
130%
140
F-A
106%, 106 Va
106%,
~2
105% 106%
102%
Consolidated Edison of New York—
3 % s
101% 103
103% 104
11
103%
104%
104%
1956
debentures*.———1958.
42
2;?
debentures———————.1948
3 l/aS
I
;; 3 % 8
104% 105
15
104%
106%
102
102
debentures
-
Ry non-conv deb 4s
/1 a Consol
A Debenture
A Debenture
1954
4s
4s
mtge
1965
f debs—
s
107%"
receipts
ADeposit
RR 1st 5s
—1955
A 6s
Curtis
ser
B
76
67%
76
67%
75
■
58%
58%
*87
90%
48%
deposit rets
—1946
102
46
,f ,
50 1
86
44
15
Adjustment-6s series A—July 1952.
A 1st 6s series B—
--1958
48
'•■T'V
50%
Called
bonds
:
A.
Dayton Pr & Lt 1st mtge 2%sl
1975
Dayton Union Ry 3%s series JB—-13CS
Deere & Co 2%s
Lack
Delaware,
N
&
107%
1965
;
West RR
107,-
Co—
107
107%
ret M' 5s
&
ser
Jones
C
1973
—
Income
Morris
mtge
due
Essex
&
1993
Delaware
..
>r ••••< ■•
74%
74%
J-J
Detroit
impt 5s series B
Edison
4s
series
1978
.
•
.
74%
77%
21%
;
26
%u
26
Va*
-r
:~y
F
Ay
26%
20%
.':'-.i4%
941
73%
A>
26%
63
25
76
106% 106%
108 Va 108 Va
■;■/
109% 109%
gold 4s 1995
J-D
1995
J-D
W.
1961
M-N
-:119-.
Range Ry 3%s
1962
A-O
NADU Sou Shore Si Atl gold 5s
1st M 3%s
1937
j-j-
1961
J-J
series
Detroit & Mackinac 1st lien
A Second
Detroit
gold
Term
&
Dul Miss & Iron
1965
series G
H
4s
Tunnel
4%s„:
Puauesne Light
For
footnotes
see
page
1052
3%s—
1st gtd
V-
■.
71%
Vv;.
■
—
106%; 107%
82%
98
A-G
51%
54 «/4
123
48%
54%
85%
857/s
3
76%
85%
»3
77%
97
107
103&
38
J-J
94%
89
J-J
,,
85%
82
95
103
J-JM-S
32
105 & 105
"4
iY
92
92
97%
F-A
..1951
J-D
101%
J-J
104%
105 37i
100
-•5'
100'
101%
103%
76
105
105%
98
101%
100% 161%
-.1961
103%,
108%
105 A
103%
49
; 100
100
102 Va 103%
105% 105%
103% 104%
.
95
105 %
*107%
103 '
105%
gold 4s.
J
52%
105%
r
' '■
49
50 Va
106% 106%
106%
107%
108%
109
109
110%
2
.
63%
71%
3
71%
118% 119
'
3
3
,
45%
50 Va
-~"6
■':-A
106%
4
53
6
105% 106
23
53
,...117
.■
A-O
.199J
r—- '
-
103%
105%
:i936
4%s
:
:
.
CO CO
107%
107%
.1974
A-O
.1987
J-J
.1961
'A'i.'.
-
'
J-J
:V.
104%
.
—n
'i'ly'l
*71%.
*108%.
.1959
.M-S
;''v
i-1
*105Va
54
106
Lake Sh & Mich Sou gold
3%s registered
3%s^
1997
1997
104
104%
105%
108%
107
•
■••••
,
•
_*
58
113
:
•
•
107
1.
—
115
>■;
113
106
——
.
•
yc.
107 : :V,,
58
**""*
71%
108%
65%'
■
188
1
106%
49%
83 %
81
2
75
-
119
104%
»
1.07
104%
*110%—'
A-O
A-O
.
82%
105%
"
J-J >
.1964
:
85 Va
JJ
*120%,
•;'/
•
•
107
'■
105% 105 Va
7-:
;r::
J-J
107
104
::!yl
J-J -v-S
.•••;
.1997
?
107
104 Vi
■
81
20
83
*_.
—.
25
83%
■
V'te'v
A-O
.1961
unguaranteed-
Kings County El L & P 6s
Koppers Co 1st mtge 3s
tAKreuger & Toll 5s ctfs
.Ifj;
—
83
A-O
.
1975'
.1961
j
A-o
'/■'
-
!l950
♦107%
fv 1
.1961
-
Plain
,11
M-S
J-D
ref 3s
,
•
A-O
1966
&
16
100.
City Terminal Ry 2%s—
Kentucky Central gold 4s
Kentucky & Ind Term 4%s
j
26%./;
15
2.469
26%,
71
:
1970
Gen Si ret mtge 3%s
Gen
96
106%
105%
114%,
**
M-N
Cleat1 1st 4s—
& Laughlin Steel
Kansas
F-A
A-O
102
116
106% 107
;
'
ARef &
105%
**
J-J :
Fort Scott & Mem I
I IA Refunding gtd 4s_
—
t
ACertificates of deposit——«
Kansas City Southern Ry 1st 3s„.
1
t
1st 'mtge 4s ser A_l_'
A_
—*—
1?iv71%.--76^
F-A-".;''
_1953
__
*111
A-O
—
Kansas City
Western RR—
AAssented
•105%
'
Kanawha & Mich
73%
<>?••• *106% 107
1930
4%8
f 5s
s
—
1936
JDenver & Rio Grande
AGeneral
1973
4s
gold
JAConsol
Light 3s
71%e(H*70
Grande RR—
consol
IA 1st
&
Power.
JDenver & Rio
May 1 2042
*
104%
*105%
10(1. .100!'
%
05 %
65%
Sc.fti.'
■
division
Coll tr 4-6s
92%
M-S
,
Debentbres
James FrknU
Y, Lack & Western div
1st
96% 100
*103% —
106% 106'A
..
106 Va
1963
99%
95
106% 107%
—
debs
Delaware & Hudson 4s extended
97%
93%
J-J
Int Ry8 Cent Amer 1st 5s B——1971,'. • j
Int Telep Si Teleg deb gold 4 %s—1952 : •
'
98%
93%
J-J
{nternat Paper 5s series A & B—1947%I Ref sink fund 6s series A——**1953 ,
101% 103 Va
*:
-1958
**1944
103%
J-D
A-O
!
fAInternat Hydro El deb 6s
C—
100%
100% 103%
101%
J-D-
•
48%-
Al£t gold 5s series
105% 106%
*105%
;
51%
•
104
105
104
*105%
102
105%
*103%
J-D
.
A
s
105%
101
J-J"
A——^.*——1952
A 1st 6s series
103
101% 102
F-A-
1st & ref 4%s series C
1st ref mtge 4s ser D_.
49%
9
52
102
¥
...
59%
86
si'
*50%
—*-
58%
97
102%
101% 101%
J-J
v
104% 108%
J.02% 106 v
103% 104
~
48%
51
—195a
~
17
48%-
48
48%
1946
Publishing Co 3s- deb
1
2
—
rets
14
5
-58%
——
A7VaS ser A deposit
67
'2
103 Va 103 Va
gold—*—.***1952
receipts
ADeposit
,)■
1
76
107% 107%
105 Va 105 Va '
105 Va
lACuba Northern Ry 1st 5%s—1942
ACuba
75
75
5-
•72
27/as__1975
Baking 3s debs
Crucible Steel 3y4s
?.
-J-
-
1958
1st
Power
Consumers
Continental
75
_1965
93%
102%
101% 101%
J-J
1963
<
„1963. ^
Illinois Terminal Ry 4s ser A
197Q
ind 111 ft Towa 1st gold 48
.—**1950
tAInd & Louisville 1st gtd 4s
1950 \
Indianapolis Union Ry 3Vis ser B.1986
Inland Steel 1st mtge 3s series Fi_196l
{International Great Northern RR—
I
!
*105%
J-J
Springfield Div 1st gold 3%s_—1951
Western Lines 1st gold 4S—-...195L
%'A A Registered.
—**!***...;*■,-•..
HI Cent and Chic St L & N O-r
%
Joint 1st ret 5s series A
L—1963
105%
*102%
F-A
?
27
102%
107%
134
J-J
-
106%
104
100%
*105% 111%
J-J
103%
^7
96
94 %
95%
103% 106%
102
104%
J-D
.1951
Gold3%S————1*1951
)
—
16
r
101
101%
106% 107%
101%
M-N-
8t. Louis Div & Term gold 3s
108% 110
4
109% 110
110
Conn Ry & L 1st &
12
*103
M-N
'
104%
103% 103%
M-N
iJ-J
—1951
| Omaha Div 1st gold 3s
104
104% 104%
*66
A-O
'
Purchased lines
/,
M-S
;
*
106
32"
3%0——.*195L
1st gold 3s sterling*.—******1951
;
,,106%a08%
33l
106% % 106% 106%
Columbus St H V 1st extl gold 4s—1948.
Columbus & Sou Ohio El 3y4s
1970
Conv
104% 108%
*105%
*
if t
11
108% 108%
1981
1st gold 3Vis
115%
;1
modified)
1st
110
108%
110 ya
*106%
-.'ii..?*
1977
;
*
Columbia Gas & Elec deb 5s
Columbus & Tol
108%
109%,
)
2 5s series
Co Gasjlst
17%
106%
M-N
'
Corp 2%s
& Manhattan
105%
Illinois Central RR—
Colorado & Southern Ry.—
4%s
7
30
Si
f 4%s series C—
s
108% 108%
109% 109%
%
1970
Pittsburgh RR—
Series C 3%s gtd
;
Series D 3%s gtd—
Cleve Short Line 1st gtd 4%s
Oleve Union Term gtd 5 Vis
1st s f 5s series B gtd
1st
115
93
1991
1st 4s
coll tr gold 4s
1st
98%, 98%
" 97
100
''
97% 99%
92%- 93%
Finance
Hudson Goal 1st
*
111%, 121
-
*121%
98%
1977
Cleveland Elec Ilium 3s
*:*
16
103% 104%.
106% 1067/a
103
103%
>'»
■
103% 105%
-t
.
1993
General 5s series B
/'T
1/
193% 107%
-
Ref & Impt
i'-
,i
•*
107
104% 107
16%
*104% 104%
106%
J-J
,
—1969
Hocking Valley Ry 1st 4%s
tSAHousatonic Ry cons gold 5s
1993
-
60
88 %
38
1969
1974 y
Cleve Cin Chic & St Louis Ry—
General gold 4s
56%.
108
105%
A-O
2015
mtge inc 5s series A
1st & ref 3%s series D.
107%
106%
107
16%
A-O
Gulf States UtU3%» series D—*1969
56%
Terminal— '
mtge gtd 3%s series E
1st
Gen
107
106%
aj
*75
16%
J-J
Gulf Mobile Si Ohio 4s series B——1978?
110% 111%
5
'
132 Va
110
:106%v 109: ;
106%/
106%
107
Feb
1959
140
109%
*105% 106%
Feb
—
122
127%
106% 106%
J-J '
>*—2000
-
debs
■
J-J
,
149
107% 107%
106%
J-J
1990
B
Greyhound Corp 3s
3
1943
ctfs
107%
J-J"
,
-*i-—1980
mtge 3%s ser 0-_
A Debentures
108%
/;,y,,,
1952
2>
mtge 3%s ser M
AGreen Bay St West deb ctfs A
97%
V
132% 132%
110
110 J*
J-J
.-196B
mtge 3%s ser N
Gen
; *;; t,
—
mtge 3%s ser K
Gen
1
=•' ..."
106%
107
Cine Gas & Elec 1st mtge 2%s_—1975
;
Gen
140
J-J
| Gen mtge 3%s ser* L———197B
105% '
136%
12i%l21%
J-J
.
102%
121%
24
105 Va
105
j-j
*-1977
Gen
?'
96
,
v,
§ADebentures 5s part paid—*--*1957
'AChoctaw Ok Si Gulf cons 5s
1952
1st
64
*102%
J-J -
1952
—1973-
General 4%s series E:
102
V'io5%
1947*?
General 5s series C
—1962.
t§AChilds Co deb 5s part paid
Cincinnati, Union
J-D-
107%
100
;
ii
1963
mtge 27/aS ser G, —1963
Si ret 4%s series D*-
~M~ N
89
64
J-J
I General-4 %a series Dl„———L.197B,
105%
3
•
Chicago Union. Station-^
1st mtge 3%s series F
>
92 Va
72%
2
1st
82%
M-S
jZJ
Great Northern Ry Co^
General 5 Vis series B_
81
59
1st
Va
69%
Dec 1196Q.
Chic & West Indiana com 4s
J-D
Corp—
Grays- Point Term 1st gtd 5s
71.
62%
1st 5s—1968
guaranteed 5s
«Ss Utilities
{AGeorgia & Ala Ry 5s
Oct 11945
i; Certificates of deposit
{§ AGa Caro Si Nor 1st ext 6s.l**.1934<
106 Va
92
ACertificates of deposit.*-^--——.
Income
Realty
*
,
Certificates of deposit
*
Goodrich (B F) Co. 1st mtge 2%s_1965
251
Memphis Div 1st gold. 4s.*——1954
T H & Southeastern
"
-
.p,;:"Vv/!
£ A 4s conv Inc; debs— **———1969*
865
A Conv
2hlc
65%
39
gold 4 % S———.-I960
Chicago St L & New Orleans 5s
1951
Gold
3%s—
——1951
?
106%
General
90
106%
*105
t
1934
lASecured 4yas series A
97%
•
'>.,
-
:v
-
87%
*50
Gas ft Eleo of Berg Cd cons 5s**L*1949b
96%
106 Va
263
deposit-*———• /
of
ACertificates
105%
107'%
86%
93 Va
269
_1927
!; lARefunding gold 4s
85
105%
71
179
91
,I
'•
"/'v.'
—
102% 102%
M-N
tr'?:
106
.
**
105% 106%
V
•iv.v'
102%
*102% 131
1958
30%
103%. 106
5'
''
'•',■■■
*95%
107%
25
'■
106
106
43
_
105%
103V4
105% 105%
105% 107%
93%:
'
'
*
Francisco Sugar coll trust 6s
102
98... 103,
I
J
A 1st & ref 5s series/ A———*_1974
ACertificates of deposit-
l
,
26 Va
107%
tChicago Rock Island & Pacific Ry— ;:
A General 4s ———i—;——-*^-1988.
V
' 115
22%
;
36.
%
122
100
65..
105 %
>
partial redemption——
,
Certificates of deposit
{Florida. East Coast 1st 4%s.——1959^
130
112
16
;
106%:
.
.
*106
1943
*1077/a 109
Chicago & North Western Ry—
2nd mtge conv inc 4%S--Jan l 1999
1st mtge 3s ser B——
v—-1989tSAChicago Railways 1st 5s stpd
25%
28
28
i
1981
75%
•100%
101-
105
M-«
'
•..
Firestone. Tire & Rub 3s deb
T
23%.' 24%
4%s inc ser A Jan 1 2019
inc ser B—Jajn 1 2044 ;.;
mtge
4%s
;K;':
,
99
2
series B
1st, mtge 4s ser
■■
30
May 1966
1950.
Chic Milw St Paul & Fac RR—
•
%'V:
94
106
1966 ;
'1-
99
2
97
105% 105%
.
%t—**
.
112 Va 115
105 %
,105'%'
J-J
f
127
101% loi V4-
J-J7'
G—i—2000
52
Chicago Ind & Sou 50-year 4s
'
75V4-- 88 • ■
102%.
ser
117%
-
% 101. 102%.
*106% 108%
10.2
•
A-O
H_i——{*—1963*'
Ohio- Div 1st mtgs 3^%b————197k
102%
106%
30
f,
2s ser
cons-
157
102%
105%
;..,vr2:;
127
*124%
J-J
1990
10
—..1947
5s series A
& gen 6s
A 1st
J 1st
101% 103
66
Refunding 6s ser A_
A
i
,
cons mtge 3 Vis ser F
125
J-J
^—1964
E_*
ser
| 1st Cons mtge 3Vbs
105
.
45
1947
a Refunding gold 5s
series B—1947
A
mtge 3%s
cons
118%
119
10
101% 103
-
1st
116%
117%
121%
157:
*105% 106%
A-O
■
120%
3
102% 102%'
Jlf-S*
'
,
2015 1
January 1
High
*155
\ >
.■
101
118% 119
1105 % .105%/
102;%:
ref mtge
&
J-D
A-O
10
118% 118%
>
.
1st & ref mtge 3
1st
1980
Gew; aitgc inc 4%s series A
Range Since
Low
No.
120% 120% '
J-J
Erie Railroad Co—
647/a
54%
229.
62%
Soldll
t
High
*
;
1998
;
59 Va
ta
Bonds
or Thursday's:
..
.1958'M-N
Elg.;. jJUiet Si East Ry 3%s*—ww-197Q*
•.
El Pa^o & S W 1st 5s
•
1963 i >
} 5s
stamped—-—v—
:
; ipny . :
i
-y' ;v;• t■ ■
• ?'%;•:
Empire Gas Si Fuel 3%a.
1962.
;
—
135
-?
i;-
Sast Tenn Va & Ga Div 1st 5s_
E<? OT Til (NY) 1st cons gold 5s
Elo^ 4uto-Llte 2%s debs
*125%
Chicago & Alton RR ref 8s
1949
ii
Burlington 6u Quincy RR—
General 4s—!
1958'
■yi 1st & ref 4yas series B
1977
141
'
Last
,
Salo Prices Bii& Asked;
Low
49%
105%
48%
3
;
'
F«rlod|
High
103%
2
105%
*100%
1989.
gold 4s
rt <w A Div 1st cons
2d consol gold 4s
105 %
1946
Potts- Creek Br 1st 4s
i
Low
V'3?
147% 147%
1992
1996
1996
impt mtge 3%s D
61
ftel
49%
105
105;
Interest
Exchange
Stock
i
'
•
i
i
deb 3S-.-1965
'•
York
New
January 1
No.
High
49%
(partial redemption)—1942
stamp
Champion Paper & Fibre
Sold
Thursday Week's Range
:
onus
Range Since
Bonds
Thursday's
Bid & Asked
Last
Period
York
New
2Vyu ?
range; for. wees ending. February
,
Thursday Week's Range
*107
_*':•
;
:
\
—
2
5
4%
5 Va
Volume
105:
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4467
163
NEW YORK BOND RECORD
RANGE FOR WEEK
:
QNDS
New
Peripd
a*
/'-
Bonds
Sold
or
Sale Price
'
♦
Thursday's
Bid ft Asked
Last
,
p
*
■-
ENDING FEBRUARY 22
...
Low
■r
New
1st
income
mtge
reg
F-A
.1954
stamped
F-A
90 Va
;
—1951
Louisiana St Ark 1st 5s series A—1969
Louisville Gas & Elec 3%8
1947
MS
1954
A-O
ANon-conv
deb
4s
1959
J-J
ANon-conv
deb
4s_.
101%
6':/:,
93%
94 //p/
94 X
94
93
;
99 Vi
27
80
90 Va
30
88
1st &
ref
M
..2003
w2003
27/8s ser G
60%
•
58 Va
59
■7
[fli,
67%
'J);.;
M-N
60
J-J
1940
A-o ;
917
M-N
49%
78
M-N
.
121
;.Vp,"
A-O
65 wm
,.X
88 /-
v
*118
M-N-.;//.
MS
■
—
_
M-s
■
M-S
p
—
136%
0JF'Atj'i;
A-O
118% 118%
106% 106% •:
'
J-J
;
107%
M-S
*105% 107%
—■si
107 7/a
;
A-O
M-S-V'>:> i.v,
*105
1955
M-N
*118% 119%
p
15%
105 Va
107 %
105%
108%
107%
M-N
_
42
29%
32%
1943
32%
M-N
1st 4%S_._.1946
42%
48%
42
29
32
62
108
1966
M-S
108 '
j-r
103
103%
...2014
66
68%
A-O
ref 4%s series
A.
67
1997
Jan 2047
Q-F
Teglstered...^www^u.«^w-i.2047
Ref
ft Impt
Ref
&
4%s series A
^^...2047
Impt. 5s series C.;
i.2047
91 Va
J-J
107%
,
120
127%
10
115 Va
122
102
85 %
/
:
94
94%
88 Va
82
32
110%
109%
110% HO'/a
J-J
Coll
M-S
105
105
105%
108%
18
106 Va 107%f
Ref ft impt 5s series D
,..2047
trust .4 % S-.____J..__^.___1975
132
132
122
*87 Va •89%
V
J-J
138%
29
127 Va
122
92
139
138 Va
126
126
71
135%
*131
•
103'A
59 Va
56
'X v 5;".-
*137%
Q-A
......
52
138 Va 139
M-S *
108 Va
lOO'A
108
X*
»
,
A-O'
48 Va
32%
1.709
%
98 %
97
p
48%
1998
series
>
.
75
39%
,
*98 % 100
'
J-J
Q-J
Q-J
119
68 Va
2
42
F-A
68 Va
A
&
2
26%
10
68j/8
M-S
j
118%
r.
■..
'
*106Vs 107
..i.1974
-
..
'
mtge 4%a
Gen
i
104
88%
105 Va 105 Va
J-J
1940
4s registered.^...
f /Gen lien ry & Id gold 3s_
104%
86%
88%
F-A
;
100%
111
105% 106%
106
J-J
1
■■
111
90%
MS
A-O
Northern Pacific Ry prior lien 4S..1997
113%
—
10
86%
V
110%
>
81
75
p
•;
111
AGen mtge-5s conv Inc
1
24
-
49%
71%
31
1st
106%
102%
103% 104%
103%
,
34%
166
106 Va
v
7
112 V4;
112
A-O
1.817
•;
102 7/a
Ry 1st gqld 4sil996
North Central gen & ref 5s
1974,
105%
:) j
.
93
11%
«
106
87%
109%
21%
Niagara Falls Power 3%s__.
Norfolk Southern Ry Co— «
j
107%
104
80%
35
•
211
*SAN Y West ft Bost
105
22
49%
75
83
188
I
118% 120
S
104% 106
:
104%;
91%
43
76%
65%
72%
13%
Norfolk & Western
3
91
7
291
V
23%
gold 5s
ATerminal 1st gold 5s
120
106%
5
7,
83
11%
1st 3%fl-1063
f 5AN Y Susq ft w 1st ref 53...._.^1937f 5 A 2d gold 4 Vis
.*
..1937
"f-
107% 107%;
■
73%
78
67 Va
119
77%
78 Va
22%
•A 8 A General
107
^5""'
78
13
N Y Steam Corp
1067/e
:f P 2
■mm: cS->v
*107%
•
67'A
23%
i
J:
107% 107%
-■
'-vV
'
.
133
74%
80%
■
■
77%
J- D
"i
f
?
91%
118%
3
75%
M-N
..1955
73%
133%
,
75
65
M-S
;
4s
62%
60
86
21
65%
38
73 'A
74%
3-D
N Y Power ft Light 1st mtge 2%s_1975
N Y & Putnam 1st cons gtd 4s
1993
N Y Queens El Lt Si Pow 3%S
196,5
62 Vi
-
20
74%
1954
4s
General
69\
1/ 52
41
118% 119 V4
.
1st
71%
70%
{AN«Y Ont ft West ref 4s__.June 1992
94%
•541/4
p
'5
-
,'p r
*133% 136%
A-O
■
w-A- ^
86%
-
ADebenture 4s_
1957
T/ Alst St ref 4Vis series of 1927
1967
f A Harlem River & Port Chester—
,
77%
70%
73%
J-J
1948
87
.
Vi
■J- 51 P"
70 Va
;:v:67
86%
A-O
..
51%
196
63%
60
;;FN
/p
55 V*
1980
St Louis Div 2d gold 3s
Atl Knox ft Cino Div 4s
.1956
6s
fiACollateral trust 6s
it;.
Louisville & Nashville RR—
ref M 3%s series F
;.1956
deb
120'
76
/ 74%
A
74 Va
;
AConv
,s
A
*51
1960
1st &
{
A Debenture certificates 3Va8
;
98
86%
High
Low
No.
70
71%
'p///
,
71 Va
3%s
89%
55
56
M-N
—1963
debentures
74%
3%s
83%
83%
J-J
stamped-————. ———1949
3s
MS
deb
98%
*94
.2003
.2003
Lorlllard (P) Co deb 5s.
1947
deb
97%
99%
■$S 94 ; :.
•
;
.2003
—
Lehigh Valley Terminal Ry ext 5s_195l
Lex & Eastern 1st 50-yr 5s gtd
1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A——1962
Long Island unified 4s
—1
1949
.Guaranteed ref gold 4s
1949
4s.
,.94<:
:
.2003
-—
4 Vis
</
4s_.^
'
F-Av'
.1974
5s stamped
.
deb
ANon-conv
97%
p;:
'
.1974
stamped
stamped modified
4Vas registered
i
modified—
-ANon-conv
:
105%
100%:
98
98
Leb Val Harbor Term gtd 5s—.-. 11954
-1950
Lenigh Valley N Y 4%s ext..
Lehigh Valley RR—
^
.2003
4s stamped modified
-•
76 Vi
1
97%
January 1
Sold
Bid ft Asked
iv/v/'.Low
High
$N Y New Haven & Hartford RR—
'
—
97%
Range Since
Bonds
Sale Price
104%
*101%
9^'frA;:;/'/:
.1964
•'; 1st ft ret sink fund
p
' *101V5»
—
.1954
.1964
registered
Thursday Week's Range
Last
or Thursday's
:p */>
-
4s
66
105 Vi 105%
105 %
A-O
.1970
Leuign valley coal Co—
,lst & ref sink fund;
5astamped—*.
1st ft yet sink fund 5S^—
5s
Interest
Exchange
ANon-conv
Lehigh Coal & Navigation Co.—
S F mtge 3 Vis ser A
.—
5s
13
67.
Stock
High
'
.1975
York
Period
Lautaro Nitrate Co Ltd—
A
i,
BONDS
Range Since
January 1 /
NO.
High
Low
•
.
*
.s
Thursday Week's Range
'
Interest
Exchange
Stock
York
!
107
110%
107%
66
105 Va
110%
105
V24:
109% 110%
106 J/a
Northern States Power Co—
*
1st mtge 2%s—...._^_..»-._l974.
p/lMf:
Maine
Central
RR
4%s
88%:
1960
J-D
1st mtge ft coll 4s ser B
-1954
Manatl Sugar 4s sink fund
Feb 11957
A Manila RR (Soi'thern Lines) 4s d959
Metropolitan Edison 1st mtge 2%s_1974
M-N
Metrop Wat Sew & Drain 5%s
1950
*§AMet West Side El (Chic) 4S..1938
Miexugan Central—*
p
A-O
•
82v
101
■
Jack Lags ft Sag 3%S-^MM^m--.195i
1st gold 3Vi«-iw---i--*---.i-f--i-1952
r.
Ref
&
impt 4%s series C
1979
Michigan Cons Gas 1st mtge 3%S_1969
ISAMidland of N J 1st ex* 5s.~..1940
*102Va
M-N
*65 Va'
y..
..
V
—
__
*27%
F-A
10
28%
105%
107%
i
101%
103%
\
26%
28%
;p'.w
■;
95
i
'P*>,
*100%
•
108
J-J
J-J
M-S
:::
112% 112%
112%
A-O
: p.
92 p.
Oklahoma Gas & Electric 2%s
107Vi
92
i
20
.
v'
108
105%
2 v
107
107
97
'-V
30
25%
Va
106
■rfT'
101 Va
101%
J-J
J-J
Oregon-Washington RR 3s ser A..1960
; 101 Va 101 Va
104%
100%
*100% 103%
A-O
27
108%
101%
*104Va 105
J-D
____1946
24%
107 V4
26
105% 106
F-A
Guaranteed stpd cons 5s
'*'% 1
108
*108% 108%
106
1975
Ore
r
92
24
24%
M-S
A-O
Oregon RR ft- Nav con gold 4s^....l946
ShOrt. Line-1st cons gold 5S-.-1946
.•
108
*100
M-N
106%
106 %
O
{Ogdensburg ft Lake Champlaln Ry—
A 1st
guaranteed: 4s_w-.^___._._ 1948
Ohio Edison 1st mtge 3s_.._
^...1974
Vlst:;hitgeXi2%s-iiAA-^Aw-w.-...-1975.
M-S
102%
1
1
87%
.
,*102,/a
'•,:
101%
39
105% 106%
107
107
M-S
105
102%
'♦103%/--/^
A-O
i
%t' -r~
85
107 Va 107%
W"'
N
89%
F-A
1st mtge 2%s___..^.._.:
1975
(Wise) 1st mtge 3%s.j»..,w,..,t.,„,1964
■{
»■
6
93
92
M-N
,
V
23
87% ; 88%
J-D
A
ser
/
•;
101
101%
101%
101V4 101%
13
101V4
1017/a
105%
105% 106 / •:
67
105%
107 V»
Minn St Paul ft Sault Ste Marie—
A 1st
4%s inc ser A__Jan 1971
mtge
J-J
68
101 Vi
106%
;
83
181'
',.77%
84
100%
i
97%
122
\
17
97% 101
91%
96%
27
94
104% 106%
104%
¥
•
AGen mtge 4s inc ser A—Jan
Mo Kansas & Texas
1991
1990
1st 4s
J-J
82
79%
J-D
96%
96
J-J
P.'
97%
>
96
;
/■,
.1962
4o-year 4s series B«w»..ww»...w.l962
lien
Prior
4%s
D
series
1978
A
v
-
Cum adjust 5s series A—Jan 1967
:/■ ■
-
J-J
A-O
107%
94
95%
..
25
.
93%
__
J-J
99
97%
•
1.*
F-A
M-S
58%
a ..p j-
48
95% *99
55% 59
:
96%
4Si..w-i~w~,^ww-.^.-1975
General
.
:
ft
ref 5s series P.
1977
M-S
A 1st
&
ref
1978
M-N
M-N
46%
1980
A-O
97
95%
A 1st ft ref 5s series X^w—w..~.1981
F- A
A Con?
A 1st
G__
series
gold 5 %s._^—*.^..^.1949
& ref
gold 5s series H
102%
55 Vi
64 Vi
694
97%
97%
95%
95%
97%
95%
37
1,614
97
.
99
-
Montreal
Tramways 5s ext
Morrell (John) & Co 3s debs
Morris
&
Essex
1st
..1958
■"
M 5s
M 4%s
91
Cr'
106
100
93
;
106%
M-N
87
1955
1968
M-N
80
-195b
J-J
debs.:
J-D
86% .89 *
86,
8iy4
26
79%
4
106%
109%
108%
110%
21
107%
110%
31
105%
105
111
104%
-105
/
gtd 5«
1947
i
107'/a
M-N
3s S f
122
115
>
115
57
i
J-D
*101%
A-O
106*%
1948
11948
1960
A-O.
106
i «
v->
109%
1st
series A
mtge
106% 106%
106% 106%
1. bj&tf
M-N
106%
104
105
A-O
105
105%
.1954
{ANaugatuck RR 1st gold 4s_
Newark Consol Gas
F-A
M-N
cons 5s
1948
fANew England RR gtd 5s
1945
J-J
gtd 4s_
1945
New England Tel & Tel 5s A
1952
1st gtd 4 Vis series B.*..^..w—»1961
'107%
J-J
A Consol
RR gtd
N J Junction
New
Orleans Great
103
105%
4
105
107%
108
134
J-J
134
A-O
110
133% 135 Va
109 Va 110%
J-D
126% 126%
1st 4s
1986
F-A
MS
*108%
A
1983
J-J
J-J
*106%
J-J
a Certificates
A 1st
5s
of
108
108
1954
....
deposit
41st 5s series Cw^v-w-i^^w.195Q
A
J
Certificates
ACertificates
of
84%
98%
4Vis
series
A Certificates
A 1st
5Vis
series
ACertificates
110
deposit,/,.., ^ ^
97%
....
1954
deposit,
V,/-' P;'
A-O
99
Cent St Hud River
Y
3 Vis
1998
Va.
99
101
•
98
95%
102V4
4
97%
100
Series
97%
98%
129
95 Va
97 Va
508
95%
98 y4
185
100%
102%
A-O
A-O
101%
J-J
114 Va
113% 114%
P.,•'
J-J
1998
F-A
1998
F-A
1998
41
94%
91
1
94%
F-A
99 Va
91
;
94%
5
*91
—
99%
-
i
106% 114 Va
107
107%
*98
94%
t
F-A
1998
registered
97%
16
96
'
,
94%
100
L
90
-95
'
92%
96
f
89
94
921
S
.
New York Chicago & St Louis—
%
Ref
Ref
33/4S series D
mtge 3%s ser E___
mtge
1975
198O
J-J
106% 106%
106%
J-D
3
j
106% 107
104% .105%
104% 104%
.
12
104% 104%
30 *
Y
1st
Dock
lien
1st
&
gold 4s
3%s series D
ref
N Y Gas El Lt H & Pow gold 5s
Y
&
101%
105%
15
103%
104%
:
13
103 Va
106%
e
1951
F-A
104
104
A-O
106%
103% 106%
1966
A-O
1948
J-D
page
P
V>
104
105% 105%
4
105%
i
X
107
*110% 114
110 Va
110 Va?
*108
108
109
m-n ;
*110
J-J
1052.
J-J
1973
M-N
;•
110%
118% 118%
115 % 115%
*115%
M-N
1973
see
1st
tit./-
^—
*118 Va
91%
1. • >V
102
117
118 Vi
95%
20
90
A-
95%
103%
66
:i 97%
103%
Apr
F-A
*107
104% 105
16
El
Pwr
1st mortgage
1977
inc deb
_w-i-1964
1st M 3%s
1966
—1977
3%s
{AProvidence Securities 4s
tAProvidence Terminal 4s
:
Public Service El & Gas
1st &
ref mtge 3s
'■
1st
ft
ref mtge 5s
•
1st
ft
ref
mtge 8s
3%s
'
133%
106 %
108 %
104%
107
M-N
106% 107
"7-
104 Va
107
M-N
106% 107
21
104V4
107
M-N
104% 105
4
103%
105
105% 105%
1
105%
105%
23 Va
27
J-D
M-S
105%
107 V4 107%
22%
J-J
*i7
F-A
■
.
20
21
'
105%
104%
.105%
*105
26
22
25
F-A
*106%
—
J-D
*116%
—
M-N
*121% 123%
F-A
*115',8
1957
1956
1968
1972
2037
2037
..pP
.••'.
117% 121%
.-I'-
F-A
128
128
'/i'-'-iiw'/v
'
127 Va
5
128
137 %
'W—
128
M-N
137%
J-D
126 Va
128
2
133%
137'A
2
.105% 105%
*103%
103%
.
*103%
~
.
101.
100 Va
100%
*105%
1
102
102%
Va
102
105
...
105
.p-..
.
*106 Va
J-J
98
p...//;: .wp;
..
_w..
.
■2
102
102
-
—
♦117%
J-D
J-J 7
•
r
/.p^-,'. •;
'
—
•
Va
98%
4
29
101%
106
105%
98
7
100 Va 101
A-O
2
-:•/
101%
101
A-O
104
105 Va
103%
105% 105%
J-D
109
100%
100%
30
103% 103%
'J 100
139
105%
100%
A-O
M-N
J-J
134%
2
Prl39p/139/.PZ:;;
A-O
128
2
■
'
*125Va
5%
105%
139 v.
131
1
*127
4%s series D
104 %
10
106% 106%
F-A
r
!
133V4 133%
*
89% ' 94
137
106%
J-D
iSt
,
p72/ ^/83".:;/
106% 106%
—
133%
J-D
if
:
J-J
J-J
*138%
—1962
L—1974
1st
106%
.7
ft Ash 1st 4s ser A—1948
^Plttston Co
Potomac
105%
18-
72
J-D
4%s series B
^1.1959
1st mtge 4%s series C_.—_w.ii,1960
5s series B
gen 5s series C
107 %
92
mtge 4%i series B_
_t_u.-1950
1st 4 %s series A
^^1958
gen
111%
;//v:.i6-
105%
72
89%
J-D
1st
1077/a
89%.
mtge 4%s——1950
Steel
Pitts & W Va
1st
F-A
2043
4 Vis series B
footnotes
.
2043
gold 3Vis
Mtge 4s series A
Mtge 4s series B
For
104%
1949
Harlem
N Y Lack St West 4s series A
.
•
2000
^Purchase money gold 4s
N
A-O
1965
■
3Vis series E
Pitts
Pitts Young
a,
N Y Edison
1%S—1964
Gen mtge 5s series A—
1970
Gen mtge 5s series B„.
1975
Gen mtge 3%s ser E—
1975
Pittsb Coke ft Chem 1st mtge 3%s_1964
Pittsburgh Consolidation Coal—
•A 3%s debentures
——1965
guaranteed
cons
1st mtge
N Y Connecting RR 2%s ser-B...1975
N
1963
4%s
cons
J
.167
pi
A.'.r
guaranteed--——1957
cons guaranteed 4s——1960
H
Series I
Series
100% 1021/4
/'Ifsgjp
F-A
'.'"'iri
^
.
Pittsburgh Cino Chi ft St Louis—
Series E 3%s gtd gold
i——1949
Series F 4s guaranteed gold
1953
98%
89%
"
./
-■
■
26
rl'
2013
1997
1
registered
Mich Cent coll gold 3 Vis
3Vis
94%
3s debentures
Series G 4s
1997
3Vis
registered
12 /
2013
;
Lake Shore coll gold 3Vis
3Vis
.
100
'
Ref & impt 4Vis series A
Ref & imnt 5s series C
N
31
98
100
99
97
V
Central RR 4s series A
Y
97%
>
—
97%
,
s
N
3 «
86
92%
!
46
97'/a
101
100
,
,
F-A
*
-
w———-1963
{SAPhilippine Ry 1st s f 4s
1937
ACertificates of deposit—
Phillips Petroleum 2%s debs
1964
84%
101 Va
98%
_1956
A
of
97 Va
-
deposit..
D__
of
P-A
98% 101 Va
97%
A-O
of
A 1st
83%
83%
B—
gold 4%s series C——1977
Philadelphia Co coll tr 4%s
1961
Phila Electric 1st & ref 2%s
1971
1st ft ref M 2%s
—
1967
v
1st; and ref 2%S-ww—.——-—1974
Philip Morris Ltd deb 3s——~—1963
108%
107%
12
series
135 Va
128%
*105%
M-S
A-O
.1974
5s
General
106%
135 Va
19
106 V4 107
J-J
F-A
General
118
139 Va
■MM:? 1
v.
114%
deposit—.—.-.X
B
series
83%
N
•
M-S
>
A-O
J
J-D ;
Marquette Ry 3%s ser D——1980
Phila Bait ft Wash 1st gold 4s—
{New Orleans Teras & Mexico Ry—
SANon-cum Inc 5s series AX.—1935
.*
..
Pere
107%
i
—
109% 110
110
/-('?<-/
'
103 %
107%
—
—
v.'1,
%
103%
118
*107%
■
1985
mtge 3VaS ser F
/..-iVrL
125% 126%
*118
.1974
Nor 5s
Gen
,'w—-.wwl952
deb 3%s.
111%
113% 113%
M-N
N O & N E 1st ref ft Imp 4 Vis
1952
New Orleans Term 1st gtd 4s....wl953
4%s series E——1984
99%
—
128 Va
127%
139% 139%
Peoples Gas L & C ref 5s—-.——1947
Peoria ft Eastern 4s ext.,———1960
A Income 4s—
——Apr J 990
Peoria & Pekin Union Ry 5%s
1974
103% 103%
*102%
124%
133% 135%
1965
series :A
4%s
97%
—
130
133%
128
106 Va
3-D
1st mtge 3s
New Jersey P ft L
22-
106%
127
5
A-O
4%s
107
106%
[} een 5
M-N
V~A>
J-D
Conv
1965
105%
■ ■
General 5S' series B—u-w——.1968
Gen mtge
1978
3s
107%
104
52
'•1?
105%
:
129% 129% 'rwa%r^5-.
69
128 »/a
127
Cons sinking fund
N
Steel
125%
p
-r~"
107 Va
,
/' r'
Censor gold 4s
4s sterl stpd dollar——May
General
National
f
' V;
111% 113
112% 113
M-N
debentures.-.-~T^«r———1965
Pennsylvania RR—
.
•
Nash Chatt ft St L 4s
.
M-S:
M-S
General 4V«a series D--—— -1981
Mutual Fuel Gas 1st
107%
205%
,
..
M-N
lll7/a
107 %
18
,
107 Va 107 Vaj./r
*105
107%
5
111% 111%
110% 111 ;
111 Va
.
83%
107%
108
■6
109 Va 110,.
J-D v
,
10
110% 110%
*
74%
89%
'70-
25
107
107,;
J-D
Tel 2%s
&
109%
108%
10
-108%' 108%
110%
.
.
90
73
70
•
—i-1979
.1977
..1985
Tel
Pennsylvania Power & Light Co.— <
let mtge 3s——.
w,..,-..,
.1975
101%
79%
70%
j-r>
■
10^/a 103
1
102% 102*%
1955
series B
Mountain States T & T 3Vis
92%
M-N
J-D
3s
Pennsylvania f CO—
w
C
<
/Gtd 4s series E trust ctfs~.~»—.1953
Pennsylvania Glass Sand 3Vas
1960
'
*106%
'«<
1974
M
Pennsylvania-Central Airlines—
3%s conv Inc debs—
——1960
103
102%
6101% 102%
F-A
J-J
3-D
gtd 3Vis—...2000
series A
Constr
Constr
V:
1951
series L
ref
ft
Paterson ft Passaic G ft E cons Ss.1949
46%
95 %
95%
-
380
92
M-S
J-D
J-D
Panhandle East P L 3s B_,-....-196Q
k
Mob'k ft Malone 1st gtd gold 4S...1991
Monongahela Ry 3%s series B.
1966
1971
ft
Paducah St 111 1st s f gold 4%s
103
;
98%
*108% 108%,
Pacific
103
140
95'A,. 99%.
95% 99
41
46%
5s
95 Va
689
.
'
A 1st
*100V4 100%
J-D
1st
;
:icrh
ft ref 5s series
a 1st
J-D
Gas
gold 5s
Electric Co—
1st & ref M 3s series K
{Missouri Pacific RR Co—'
a
100'A 100%
1946
1st ft ref M 3s series M
1st ft ref mtge 3s ser N
,
113%
'.a.
1st & ref mtge 3%s series l_____1960
1st & ref mtge 3s series J
1970
Pacific
98%
104%
123
106% 111 Vi
.
>
4v',?
Pacific Coast Co 1st
Missouri-Kansas-Texas RR—
Prior lien 5s series A
•'
iff
>
41
.
102
99
,
—
45
/:.,
,
106 Va
106
F-A
M-N
M-S
J-J
45
153
V■32
•
111% 111%
M-N
*109% HOVa
J-J
*161 Va 168
J-D
*245
Va
—
'
__
109
111%
108%
5
"
:
45
:
l- V
•/
*108
110%
160
162 Va
250
250
-
YORK BOND RECORD
NEW
Exchange
Stock
York
New
Bonds
Low
NO.
>t
High
104
13
82
113
83%
A-O
'
M-S
Tfexas
*108'
Texas
87%
108 %
108%
109 V#
-
18%
19%
18%
22%
23%
;24
V
108
108%
lu*% lUJu/4
104%
105%
107 V# 107 Va
107
108
142%
152%
10* %
J-J
St
Island
Grand
&
Jos
..I960
1st ref 4s
Ry
151% 152 Va
2d
gold 6s
J-J
J-J <1
J-D
J-D
M-S
F-A
1st gold 5s—1949
1960
debs
K
'
...-1990
stpd._____.1955,
...
St L Rocky Mt Sz P 5s.
t8t Louis San Francisco: By
4s
APrior lien
*98
100
101
101
'7777;
J-J
"
92
'•
;.'J.
-
'
•
deposit
ACertificates -.of
•
...
„
5s series B—.....-.. 1950
A Prior lien
•
75.
41
•
73
68
•
73
78%
United
■?7%
Universal
52
804
46
100%
110
110
105% 106%
104%
.
112
110
45%
104
34 Va
I-
103% 104 Va
"
"102%
30'.
105%
105 %
105
'
21
103%
104%.;
106%
103%
7
103%
3%s deos.
110
77
"•l65.VC.-:i
104%
104%
17
103 %
30-
103%
106%
_v.
Pictures 3%s debs—
j
106%
107%
40
;i
Va',;
...
•
Biscuit
104%
:
106%
103%
.10
>106%
.
110% 112%
4
112
.
106
103 Va
104
,
7 52%
51
48%
52
64
-
76%
,
*..
>73%
63
68 :
65%
*64%
&»mm'.',#'*
7
J-J
-
deposit.....—'
ACons M 4%s series A—_—1978
MS'
ACertificates of deposit 8tpd___
«'
of
ACertificates
■
99% .101v
2
61
104'/a
100%
.*109% J'iiKV:
*104'
93 Va
51%
103
Union; Pawiic-KR—
>
77 :
Ik 1st,& land -grant
-34-year 3%8
7.35-year 3 %s deb_^.',^7,«,.-.
$ Ref mtge 3s series B__
k'wy:,.
668
'
,
:
;
105%
88 Va
61,
103%
*100%/
103
5s__.
i
debentures
2%s
71%
93%
61
.Union Oil of Calif 3s debs......
63
63%
J*J
•
{SAUnlon Elev By (Chic)
100?
;
A..—_L.l_.1950
ser
100
103% 106
104%
57%
93
103
1087/8
,
102%
A-0 |
71947. ;
1996
1st 4s
gold 5s_._
;
*104 Va
J-J
A-O ;
;
1st gold 4s__194fl
St Buff
Gas & Elec
Tri-Continental Corp 3%
103% 104'/a
A-Q
1968
Saguenay Pwr Ltd 1st M 4%a_:
108
105 V4 105%
J-D
income 5s
Jan 1960
ref & impt 3%s._1960
"
129% 134%
,
Ad)
105
104
;
108 »A
K
1965
2U00
1985
Union Electric Co of Mo 3%s.
7 1st M. & coll tr 2%s_—
St Lawr & Adir 1st
>
High
.134% 134'/e
A-O
M-N
J-D r
:..»,««>»
—
Pacific-Missouri—
Tenn RR of New Orl 3%s—1974
Trenton
20%
22
:
A
ucu
ja
Pacific 1st gold 5s_.
ref M 3%s ser E__.
Toronto- Ham
64 V2 r 74
J-J
Low
13.4 V#
J-J
A-0,
Tol St Ohio Cent
108%
68
67
68
&
Third Ave
'/
__
*109% 110%
M-S
to
Gen
:
*125% '
/
M-S
'
115
Pac
M-S
-
104
imp
company
debentures
3s
'
'
'M-S
V;
108
.
107%
•- 7 78%
17
Ref &
Texas
103
7177
112
82
J-J
;
7.77
107%
6
104"
112
M-N
Copper Si Brass
7
—
107 Va 107%
for 1945) due_1973
.i960
3%s.
....
.1939
tl^Rio Grande West 1st gold 4s_.
.1949
A 1st cons & coll trust 4s A
Rochester Gas & Elec Corp—
1977
Gen mtge 4%s series D
.1967
Gen mtge 3%s series H
.1967
Gen mtge 3%s series I
.1969
Gen mtge 3%s series J
1934
tJAR I Ark & Louis 1st 4VaS
.1949
{ARut-Canadian 4s stpd—
.1941
tiARutland RR 4%s stamped
(4.7%
mtge
Oen
January 1
No.
High,
105 .105
M-N
,
201d
27/8S series D....—..1985
Ref & imp M 4s ser. C_...
7.
'
■77;' !7
3*
1965
Terminal RJtt assii ol St Louis—
,
106
Range Since
Sold
Bid & Asked
Low
,
104% 105%
Tennessee Gas & Transmission—
:
1st mtge pipe line 3s——
*
Bonds
Thursday's
or
January 1
77 ''
Reading Co Jersey Cent coll 48—1951
Rensselaer & Saratoga RR Co—
Last
:
Sale Price
Period
8®
Revere
Thursday Week's Range
Interest
Exchange
Stock
York
New
Range Since
Sold
J-J
deb....———1964
Quaker Oats 2%s
V
y:Xp, ":777i* o v r»
77--7-Thursday Week's Range
Interest
Last
or Thursday's
Period
Sale Price
Bid & Asked
7,■777;
Low High
N ft h
FEBRUARY 22
ENDING
FOR WEEK
RANGE
■I ft
Monday, February 25, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
; 52%
.
51
7 47%
.
7..
77.7o ?.
7
7,-
-7
.'7'.
Louis-Southwestern Ry—
t8t
•
4s
J-J
goid 5s series A
Paul & Duluth 1st cons gold 4s_1968
AGen
St
ref
Si
1941
1971 7,
1989 V 7
tSASt P & K C Sh L gtd 4Vas
Paul
St
V
Scioto
Depot 3V«s B
Union
gtd 4s
1st
E
N
&
9
86
36
99
102
7?
7
57 Va
60
7*106%
—1956
'
*132%
—
A 1st
A Ctfs of' dep (Chemical Bank)--.
tSAAtl Si Birm 1st gtd 4s..-..:j933
ACertificates
1st
Line
Air
Seaboard
deposit
of
Union
Shell
.1..^.
1935
J-J
RR gtd 5s
Ala
Si Nor
debentures
2%s
___L.
7" Gold 4% s—
; 1 •
F-A
Tp-rm 1st
Pacific
V
^
107%;Ii
106%
^'717'
107% 7 j
"107 %7ll0.%r ;j- &'■
78.
-
102
111% 111%
116% 7 ',
107%
105
105%
J-J
v:
i04
107%
104%, 106%
7:7 46
135
V 109%
177
.107
102%
102
105%
-105%
104%
•
.
109 V#
106 Va
106%
69
*106%
:
Co—
1961
120
103% 105%
104%
A-O
.1950
105%
104
107%
-
60
105
105%
109% 111%
4
106% 10/%
.
104%
mtge 2%s ser A
1st
7
%
A V'A
M-N 7' 7
4s
RR
73%
75%
106%
>
106 Va 106%
77/w^1 v7
M-S
.1981
x
Fran
San
105%
106 Va
.1968 7,7 7 M-S
,7. M-N7 >7/
.2969
7. Gold 4%s
Southern
104
104%
75%
J-J
.1985
1977
Gold 4 VaS
102%
-
:7-;'..'
.1979
...
(Oregon Lines) A
1st 4%s
;
*115%':;116%-fef,
108
104% 104%
Co- "
Fauuic
.102%: 104
25'/a
19 Va
J-J <
F-A
J-J
'
90'/a
105% 105%
-•
Soutiiern
•A
101%
80
103% 103%
;
■;
debentures
110
99%
106%
*
J-J 7
^1963 kS&A-O
Southern Bell Tel & Tel Co—
3s
10
*'rM
105
25 Va
20
.——1964
Socony-Vacuum Oil 3s debs
Sourh
81%
110
rr
.
7
81%
74%
.
106% 106%
M-N
debs.w.-.-......_Ll965
2%s
Oil
107%
111%
-112
112
k
-
60%
73
;
2
84%; 88 '7
.
t§ASileRian-A»n Corp ooll tr 7s._-.1941-
Skeily
;|i
p
100% 100%
F-A
fund debentures....1961
2%s sinking
$7 1st ,xons:-'5s»-.^w.^rT.-i«~^-4-l958
Virginian By 3a ser B-i
«...——1995
,80%
105
•
..1954
debs.
2%s
79%
*_:
—
Fla 6s A ctfs
Oil
:
*111 •.
-—
Co—
RR
(Joseph E) & Sons 3lAfill965
Seagram
79%
79%
M-S
ser
All
tASeanoard
79%
7 i
'
0119%
61
,
74
2
78%
106%
106
*103%
61%
56%
56
78%
mmmm
A wi
Gen mtge 4%s ser A wi—
mtge 48
51
7-' V
-
1957
...
129%
7 118
''
-t
60%
*_.
__
.
,
-
A_„_ 1958
4s series
series B_-__
4s
122
122
7y.:
M-S
§77',v> •
(Guaranty Trust)
of dep
■7
„
...
1949
A
series
6s
cons
A Ctfs
;
<
/:-\V;:77\:-."7.
..A-
(Chemical Bank).—
dep
ACtfs of
...
105%
132% 132%
.V.
128%
A-0
fA4s gold stamped
"■
105%
..
f
s
Virginia Electric & Power Co—
V
1st & ref mtge 2%s ser E
.1975
Va Iron Uoal & Coke lot gold 58—1949
Va & Southwest 1st gtd 5s
2003
63%
'
7.^'.' -7'
:
4-0
A Certificate of deposit
....
lARefunding 4s
.1959
A Ctfs of dep (N Y Trust)—
«
-
54%
57
{Seaboard Air Line Ry—>
K
',7; r'"7
7'7v
*112
',^:y
'
7.'
Cons
91
99% 101
100%
Vaitdalla BR cons g
97
77937..;
89
88%
89;
J-D
F-A
A-0
M-N
119
115 '
.100%
*96
-
J-J
>7 J-J
1052
1990
IA 1st term Si unifying 5S
*
3 7
7
119
119
M-N
.1989
Nov 1989
bond certificates
A 2d 4s inc bond ctfs
1st
101%
1-03 »/a
19
—
7'.,77'.' f-%
102
102,
103% "103"%"*^
3%s
series
B
103%
106 %
3%s
series
C
J-J
104
104
38
103%
106%
1st
J-J
143%
143% 144%"".
16
136%
145
A-O
106%
105% 106%
88
104%
106%
A-O
120
120
4
117 Va
Southern
Ry
__
...
J-J
_
gold 5s
cons
104"
Devel
Si
Devel
&
gen
6s
Devel
&
gen
6%s
.1956
A-O
123%
123% 126%
Mem
Div
gold
.x996
J-J
135
135
J-J
'7.7i_ ';-
7
1st
Div
Lou's
series A
4s
gen
1956
5s
Bold
1 ct
1951
4s
-.
123%
19
123%
128
1
135
*108%
126%
135
7?
107%
108%
103?
.55
.106%. 107
106%
A-O
Southwestern Bell Tel 2%s debs_„ -1985
120
,107%
67%
■
Stand
Oil
Standard
Oil
J
N
dpi)
.1961
3s
Sr Co
Swift
F-A
104
67
"l
105%
4
107
103
77 62
103% 104%
107% 107%
,
J-D
63%
.
107
107
J-D
7,
1959
Oil Corp 3% debs
Superior Oil 3%s aebs
Sunray
*66%
Apr
Internat 1st gold 4%s_ .2013
.1966
of Caltl 2%8 debs
^Spoxant
105%
...
107%
107%
105%
105%
104%
106
.
-1956
M-N
1061
7
M-N
2%s debs
*105%
>.-'77'«-U-.;77:
105
—
~1
105
NEW YORK CURB EXCHANGE
AND
WEEKLY
in
RECORD
YEARLY
deferred delivery sales are disregarded In the week's range unless they are the only transactions of the
footnote in the week in which they occur.
No account is taken of such sales in computing the range for the year.
NOTICE
■.
a
Cash
,
Curb Exchange fof the
In the following extensive list we furnish a complete record of the trans actions on the New York
Feb. 16 and
ending the present Thursday (Feb. 21, 1946.)
(Friday, Feb. 22 being Washington's birthday, and a
the daily reports of the Curb Exchange itself, and is intended to
the current year,
"'
'
"
■
Thursday
New York Curb Exchang*
,7
7
Week's
77: Last
*
holiday on the Exchange.) It is compiled from
in which any dealings have occurred during
,
/
1
'
RANGE FOR WEEK ENDING FEBRUARY 22
--7
«tocks
t
Sale Price
Par
Range
of Prices
Sales
7
for Week
Shares
High
Low
Thursday
stocks—
New
Last
Exchange
Curb
York
Low
High
Acme
A
V irt
D
F
Aero
Motors
5
Bvppiy MIg class A
Class
Mfg
investors
common
llreon
60c
Mfg Corp
Air-Wa>
Great
Alabama
Power
preferred
Electric
Alabama
& Fisher
Allied
Int'l
Appliance
Co
$7
°r(
•
Pro.luctr
A ifprnQ
•Or
*
i
common
Investing S3
Oo
i
Mich
conv
pid
•
1<)
i
•
enm»»ion
ftnrnfl'p"
.•...«<>
21%
5%
7"
11%
Feb
77
5%
,",7%
r 18%
.21 7*
130
27%
Jan
30%
Jan
3,600
5%
Jan
13%
Jan
Feb
^1,500
7; 5 %
Jan
16%
Jan
6%
1 lA
23%
5%
22%
Jan
■
.
6%
preferred
Aluminum
15%
19%
8%
14%
19
87/«
132
118%
16%
Feb
Jan
Aluminum Industries
23 %
7 Aluminium Ltd
^4,300
71,000
°23,800
'
15
5%
Jan
Jan
•.77
5%
Feb
63 Va
115 Va
Jan
1,100
25%
24
21
Jan
146%
110 Va HO'A
7
-71,550
116%
Jan
50
110'A
Feb
4%
Jan
-7.
7;
Book
14%
Feb
17%
Feb
">
Jan
American
22%
Jan
American
Central
1,300
8%
Jan
9%
Jan
Convertible
210
128%
Jan
133%
Jan
Class
100
116%
Jan
119 %
Feb
Class
19
;
Cities
American
Jan
American
100
44%
Jan
48
Jan
American
Fork
800
48
Jan
61
Feb
American
Gas
Jan
4% %
61
14
Jan
—
14
^ight—
49
&
preferred
Hoe
common.
Electric.;
-
—
V 49
*
23'A
10
42'A
100
112'A
I
5%
63
>
Feb '
Jan"
>7 26
Feb
146%
Jan ?
*
Feb
5%
59%
Feb
65
Jan
19
•'
21'A
Feb
22 %
Jan
54
7 -850
50%
Jan
50
1.050
.47%
Jan
Jari
54%
51%
8%
9%
54 %
7% Jan
4,300
49'A
9'A
50% ;
3%
&
&
77-
5,000
'
1
...
52%
7
54
—28
Cyanamld Co common.—10
Foreign Power warrants-
Jan
14%
57%
Si
A
...
109%
45%
7;;i 59%
7 »■ 19
19
25
R.
Jan
43
Power
class
Jan
107
Mfg
A____
12%
60
200
--1
—.—100
-—--1
Co
4%
10
Jan
■
7
Jan
55%
Jan
l7/a
5%
Jan
4'A
28,900
24%
1,150
21%
Jan
Feb
26 V*
x40%
44'A
11,100
x40%
Feb
45Ta
3
112 Va 112'A
175
Jan
477/a
21%
,
110%
Jan
113
;
*
Feb
121
7 111
^
Feb
25%
Jan
200
7
January 1
High
76'A
Jan
200
7 24%
5%'
to
24%
5,400
7
—
American Beverage common
9%
14 7
13%
-
75%
138
141%,
Low
■
118%
Va
24
common
Range Since
Shares
'
2,000
108 %
108
7 7 25% .7
common
preferred
21 %
118% 119 Vt
68
Feb
6%
for Week
:
Hmh l77
'
■
133
Rauge
Low
•
.......
Mfg..;
•
7%
19
,
Week's 7
117
■
Goods
/
Sales
of Prices
70
| Aluminum Co common
American
50
preferred
Jan
10
j
Southern
'
'
17
10
pref-rred
AHes
"6%
50c
convertible
$6
;
9Va
29
6%;
18%
2
;
preferred
Convertible
-T,800
7
y7
777;
;
22%
6%
~7%
1
iN Ji.
107/a
29
7
J
1
common
Inc
9%
5
B
Associates
Air
...10
cuinmou..
lv
10%
...
Co
Ainswoi f,h
Air
warraots
.
Sale Price
Range Since January 1
?
ACF-Brtll
week beginning on Saturday
include every security, whether stock or bond,
,
'
shown
selling outside the regular weekly range are
7
'
week, and when
and
Jan
Jan
Jan
.Volume 163
Number 4467
'•
STOCKS-*-
New
York Curb
Iff|
'
'
;
" THE COMMERCIAL & FINANCIAL CHRONICLE
'
"
•'
Exchange
$2
convertible
Corp
Low
1
53 Vn
Curb
15%
Jan
of
Corp
convertible
preferred™
American
Hard
American
47
Feb
49 Va
Jan
Central
Maine
52
Jan
54
Feb
Ceijuai
New
Ainericm
6%
Rubber Co__
25
preferred™
•24
Jan
33%
Feb
Central
Ohio
46
Jan
Central
Pow & Lt
Mfg
fi.nerican
Maracaibo
common.™!
Co
Pqtash
American
Co
$6
Power
7%
pfd
:
6%
7%
•
11%
12%
preferred
Paper
common
6%
2,900
-
3,900
.
Post. Fence
J
"
15%
i
A
/
Cherry-Burreli
'
Tel
B.rm
Tel
&
A
Atlantic
Coast
112%
L/'/ ,,/
•
RR Co
Voting
V.
.11
.
12%)
15
§/':•■
Feb
Jan
City
Jan
Clark
14%
Jan
Claude
;
4
•
7
11
84% S
8%
'
26
10%
25
1534
16
•
9Va
9%
1034
Rubber Co
Steel
18%
•
20,
••//•
41
convertible
Refractories
Baumann
/§ 1%
<L)
Beau
Inc
S)
Shoe
Bellanca
;
Si
100
125
70
73
24
23%
25%
Conn
l
common
8%
preferred
•-•.*»
W)
common
ri
$3
preferred
49
4834
49
<
Preferred--.---,,,
\
\ -V?
'
*
,
Brewster
_
Brillo
Mfg
Class
British
British
A
$5
IE L»
I
Bruck
Silk
Co
common.......
Mills Ltd
Burma
rBnrrv
&
(P
H)
Crystal
25c
9
Wireless-*-
Callite
Electric
Tungsten
Camden
Fire
Bread
Cement
6 '/2 %
6%
6%
434
27
100
27
27
-
—
7%
3,400
7%
Jan
Co,
11%
Jan
32
4%
Car &
:
—
4
Ltd
Participating
,
Canadian
77
82
26
26
5%
::
A
33
300
Class
B
Canadian
Capital
City
Carman
A
Co
1034
9%
12%
,
111% 111%
.
Jan
10%
Jan
.•/
Jan
Carolina
8
&
4,200
Jan
136,300
L $5
Carter
(J
Casco
12%
■■
6%
.
Castle
(A
W)
M)
Co
8%
Feb
i:
4
&
I
—1
5%
5%
■'37%
37%
Feb
jp
1034
(ord reg)™£I
-—-8
2734 /
4% ■/
26%
17%
17 VB
4
>
<
V
16%
2034
2,300
7%
8»A
3,300
-
*
7%
33%
5Va
.20%
,
18% Jan
4Va
.
32%
36%
30
32%
Jan>i
31%
12 Va
i7%
:-550
17
B
;
Feb
•Jan//
Feb.
Jaacw Jc, 13Va
Jan.*
•
Jan
Jan
36%
Feb
8%
50
16%
.
Jan
30
150
12 34
'17.
'Vlv?v5%2458
30%
10,100
.
..
55
—5
*
Jan
Feb
Jan.§
Jan
18
9% Jan/,
20% Jan
v 6% Jan
^/.VSV*. Feb/
2934 Jani mrs3234 Jan
250
9
Jan
Jan
Jan
14% Feb
8% Feb.
3,600
8%
19%
.;
vtll
Jan
3%
13
2,500
'
43
.* ■
Feb
§26% Jan
7,40056,700
18%
v.
8%
L—.'.25c
..25
2734
/-4%r
14%
16
8
(Md)
Jan
i
Jan
46
Jan
v 7 Va
Jan
§ 107*
6% Jan
Jan
;.37%. Feb
50.
.
Jan
30Va Jan
,14% Feb
' 3 V/* Feb
.
Jan
4%
10,000
/
Jan
•-
6%
100
,
50
50
-
20;
•/
§
Feb
,
13
14
2,400
13
15
16%
1334 Jan
140
160
Detroit
Gasket
A
153
153
■;
.
•
—1
'
Mich
Stove
__1
Detroit
Steel
Products
..10
common
.10
De
Vilbiss Co
Co common
■
Am
ord
rets
dep
Co
Dominion
Steel
Tar
Harris
41
43%
68
Jan
■t:\5T
Jan
17%
Jan
23%
Jan
Feb
•
Jan
'•/
13%
Jan
20%
Jan
-
24%
Co
Jan
Am
Feb
Feb
:
Feb
Jan
Feb
Jan.
32%
y 37
12%
37%
41%
Feb
Jan
19% Jan
Feb
Jan
.>
17%
.
24%
Feb
400
29%
Jan
45
Feb
65
Feb
87
Jan
Feb
Jan
41V*
Jan
12%
42,900
8%
TVi
8%
40
Chem'Co
&
Jan
734
■
?eb
21%
:
//•?>4% - Jan "
8%
-
Jan
170
Jan
Feb
11%
'//
178
Jan
15Va/Feb:
..
5%
Jan
•
—.
Ltd—
83% Jan
Ltd
-125
85
85
58%
Co
58%
•
10%
Durham
dep rets ord reg ...
Hosiery class B common
84%
Feb
Feb
9134
Jan
65
Feb
84%
58%, Feb;
200
13V8
Jan
Duro Test Corp common
v,f>%
13,400
10%
Feb
11%
Jan
Duval. Texas Sulphur.
■M*
15%
25 /
16
Feb
/ 634
7%
103% Feb
Jan
10%
Jan
Feb
1934
Jan
Jan
10%
Feb
1,200
14%
Jan
1634
Feb
Jan
10%
16
Jan
6 Va
;
16'A
24% Jan
10
300
Jan
98 %
3,200
10 Va
17-18
17%-
50-
100
103 % 103%
I
10%
;
II
30
—•
900
33
Jan
Jan
1534
ft
;
50
Feb
13%
.//
Jan
3%
Feb
30
32%
4
Jan
32%
26 34
300
56
40
:
■
Feb
117
y ■-
preferred
Jan
Eastern
Malleable
Jan
Eastern
Stages
Jan
34
Feb
Jan
Sugar
Eastern
Jan
59%
21
-
~
$5
Easy
Washing
Jan
117
Jan
Economy
12%
Jan
14
Jan
Ele^r'c
19
Feb
Jan
41
Feb
■
;
.*'
—
j,
.
34%
Jan
-
"4%
se.ries
-
4 VB
7234
73%
Associates—
53
B
Grocery Stores.
Bond A share common
pfd formerly
34 .74%;
41%
41
73
$5—
$4.20 pfd. formerly $6
$3.50
70
V
;
:
>1,900.
/
/./ 5134
76%
55
12%
97Va
Jan
104 34
1,475
7034
Feb
40%
Jan
4234
3%
Jan
5
4,500
—•
20%
24%'
7534
*
*
; 21%
77%,
•
c-j
78'A
Feb
Jan
Jan
Jan
200
73
Feb
80
Feb
71
.Jan
79
Feb
725
/
51
Jan
56%
Jan
11%
Jan
14%
Jan
25
Jan
29%
Jan
'
2,500
75 Va
77
Jan
525
■%
27%
—
8
80
;
14
27%
':13-.:;'
—
•
;i
so
>
'4%'
77
500
' V
Jan
6
'
B..
Machine
104
101
Iron
Corp—
preferred
200
22 %
f
V<§
.•.7134 />/
*
preferred series A
preferred
Jan
27%
./
$7
'•/;•>
5^34 ;/V§
.101%
common
prior preferred
4%%
600
13
Assoc
16%
35
Jan
52%
A Fuel
4%
Feb
9%
E
Gas
20%
>
Jan
20
>
■
/ i
0i-
200
.
;//'5,i0O
20,000
'»*
Jan
Jan
2234
—
r
25%
-37%
,
Rubber Co Ltd—
4%
.;100
19
3,600
8%
''
■
19%
Coal B
A
Textile
Jan
:—
40
17 %
18%
Corp
4:9%
13
500
41%
65
'
—
Bridge Co Ltd
1,100
4%
™
37%
Feb
.
Feb
7,200
40
Industries class A com—
Domestic
4%
13%
5'/2
12
36
common
nuke Power Co
17%
2
16.700
reg
Corporation
Feb
3:,/4
>5434
'§7 34 V*
10%
36
—1
Co Ltd—v '
Distillers
4%
-
300
24%
'
V
preferred
Feb
—jA
2.200
12%
~6
11
4%
13 %
33
24
?
"634
3,100
///.-
-
50
.
L-
Iron Foundry
434
16%
•
: 162
..20
Gray
Feb
/
■
0r 164
,
11%
24%
__1
Mfg
200
36% Jan
22
1,700
v
3,500
190
12
preferred
■
160
Mfg class A common...™
6
4%
55'
Jan
16
R"
—
170
4
1334
East
r— -
1057.
31
i,
-7% >£:: 3,000
"
105
-!
1
convertible.————.
A
Jan
4Va
.
page
900
45
6»,a
36%
5%
6
V
Co
see
Jan
24%
600
5%
1134
20
footnotes
;
55
Driver
10%
—
For
>:
Jan
23,700
102
5%
Jan
Feb
11%
i
v
36%
Dominion
'ft- i
i-'c-i.;
w—
com
6,400
2%,
41 Va
45
103
;
,
22
Dobeckmun
Jan
300
1234
•—
Products
Feb
.111%
2634
1%
2%
Inc—*v'
Co.—..—1
Dominion
17%:..
pfd
Feb
33
54%
Divco
4 ':••'■ Feb
11.300
;
§ 8%
12 34
—
common.
Jan..
47
Jan
22%
Dunlop
2634
Co
P
Jan
6%
12%
54%
/;
23
11%
934
,
8
Alcohol—
Class B
tarnation
Feb
:
.
Jan
110%
T4% 4;
Diana Stores Corp
:
15%
3%
2%
common.
A
83 Va
29%
j
Jan
Va
9
27% T'M- 300 :;S
13V4
common
7 %
1.800
15
20
t 334
^
2234
Xl4%
20%
4 ft:''-
class
Jan
434 Jan
/
180
26%
.13%
CO-...—.——I'
Petrol
Jan
12%
25%
27%
-1
*
,
Feb
3,100
.
"
111%
1
50
>
Jan
112
.
*100
*
t
118'/a
Jan
4;54'':i4Jan/v:
--5*
j-
Jan
Jan
§ 71 %
—*
Tobacco
Jan
3,800
is
15
4
Feb
/': r.'v
Products
6%
t
Jan
,4 22
/.
.1,100
.
:—*
common
Feb
i
«
X.4'-,'vZ
Detroit
Jan
102%
45
9%
t: 68 %
100
101
,1034
Marconi
1,875
Va
•
preferred
Feb
91
9 V*
33
—
Jan
3%
Jan
115%
4
20
.
3,100
28%
Mines
Jan
24 Va
■
Detroit
Jan
2,200
6034
55%
100
12%
voting—;
nnn
voting
85
29%
5%
Jan
5
44 Va.
108%
\
27%
'::
Jan
Jan
Jan
Va
2%
1,200
78%
.100
Industrial
Class
87
*106
Sugar
9%
25
/
2,300
6,400
receipts
6%
Feb
32
\
Foundry Ltd—
preference
4;
*3 %
11%
•.
Canadian
Jan
Feb
20
1,800
12%
Atlantic
Jan
11%
434
10%
325
3,400
3%
11%
Ltd—
Co
Feb
■23%
3%
"
Derby Oil & Ref Corp——
■
preferred
9
D
"
Canada
Jan
/ 800
>
21%
10%
'
—
Canada
Feb
3%
§17%
350
4%
117% 117%
$6 prior preferred
debenture
—————.
pfd.
Corp—;.
22%
4
,
8%
4%
Insurance
Jan
Jan
V
common.—„r—*
preferred...—_.™—.—Lj-li;—10
Class
!!/'/
Power:
'Feb
34
40%
Jan
37Va
.
40,900
9
100 Va
\
3j
ioo:
Oil Refining
Dennison
$
48
...
Jan
97
720
314,200 V
39%
85
Dejay Stores common
Calamba
California
39% Jan
4,000..
& Machine Co—_—1
dep
Draper
&
Jan
Feb
u
*i7tf
2%
2,800
C
American-dep rets 5%
Sugar Estate
Jan
.12%
9,900
//•://
Cables
48
100%
7%
10%
——
Dominion
Cable Fleetrlo Products common™
Voting trust certificates
43
Jan
Dayton Rubber Mfg new com
58
i2~%e
Jan
7%
3,700
•
"•***'
—
™
5%
27%
•'
j
2.50
common
,
•
Curtis Lighting Inc common.!—.—2.50
:Curtis.Mfg Co ■.(Moj
100
•
;
Corp Am dep rets
Biscuit Corp.
Butler
20Q
n
•
Sullivan
Jan
6%
Feb
:
17,100
10%
Drug Co common
convertible preferred
Crown
,.fl
...
Hill
i;
Davenport Hosiery Mills..——
I—.1
common
Jan
'
•
II
Feb
16%
2,300.1:
•5%
33%
11%
20
Cork International A.J—
Crown
2,300
534
5 34
8V»
—.*.
........
Buckeye Pipe Line
Hunker
30
5%
«
.
Distillers
Rubber Co
Bruce
24%
•
Jan
9 at
=
Jan
.15% Jan
1,050
.3,800
11%
Reynolds
A
Cent
"%
•
16%
«
Petroleum
800
'
common
prior preferred
Brown
26%
'
a: 7%
.1,500..
.
V. 44
Crowley Milner1 &
.
preferred..
Forman
22
24%
27
■
Fence & Wire
Class
22
i
"> i.
Amer dep rets ord
reg.——10a
Colutabia Power class A
*
•
Class B
/!/
Brown
27,800
200
:
'::V,4.100
9%
21
-—1
Co
Brewing
Crown
<
/
37 vW
•
Cuban
British
Brown
Feb
%
39%
C
5
Ltd
Co
Crosley Motors;
:
£i
reg
Celanese Ltd—
437 : ' Feb
37
60
2,600-
Gold
American
Prnft
•
bearer..™....
ord
rets
Jan
„;.45%
5,000
Petroleum
Creole
Co—, ■
Tobacco—*
recta ord
dep
88
200
45
convertible
5 %
?
•
y/V
,.
Jan
Jan
350
81
39
Cburtaulds Ltd—
Oil
American
Am dep
Am
common—^...
American
British
:
Co
6%
24%
'
—
A
Feb
47 Va
V
.
41%
Oil.
Corp
Cuban
•
Aeronautical
19%
49
600
r1..
•
1
preferred A
Cosden
25
,
Feb
100
A Smelt
Stores
Inc
$6
PwrllHIIII*
~_~j
"I 1
.Bridgeport Gas Light Co..
Bridgeport- Oil Co™—;
<
Textile
.on
$6
I
T
*
Brazilian Traction Lgt A
Breeze Corp common—
'
jpQ
,
.»
Borne Scrymser Co
Bourjois Inc
Con
8,300
38%
1st
7/17%
.'
—-—10
—•
Steel
romoroma
2,800
55%
35%
7%
Retail
Copper- Range
250
55%
1
Feb
19 %
100
100
C
Utilities—
Cook Paint & Varnish Co™.
!
§ 5 Va
__
■
28%
5%
Co
9
42%
-
4 J,
Continental Gas & Electric Cc-—
7
1%
prior preferred
400
40
25 V«
36
common.—
i
35
55%
Cl
Feb
Jan
Jan
8%
common
preferred
series
Continental Fdy
21,500
•'
16%
40
• ;•
?
n
6
13%
Ii
Co
Bohack
(H
12 Va
32
7%
5%
%
Consolidated' Royalty
£70
20% '2134
//
14 34
26
telumenthal <S) A
;
;
5
5'/a
21
1
common.
Jan
Jan
20,800
1,000
29%
wariants™
Service
Mining
150
40'A
optional convertible preferred™ •
Blue Ridge Corp
11
8%
8%
100%
Southern
A
Gas
8,600
/'/
17 Va
27%
37
——.——100
series B
4%%>
20
3034
30
39
II j
Berkey & Gay Furniture
(E
•'$>{
•
Bickfords Inc commdb:
i
Birdsboro Steel Fdy Si Macb Co com..* '
Blauner's common
• *
Bliss
'•)•>
Jan
Jan
Electric—.
Consolidated
300
170 34 1 70 34
•
15
Jan
14%
145
Feb
.1,900
.
Feb
155
Feb
Jan
800
(new)—
Cortftohdated Biscuit- Co..—1
4' Rights w f ————.....'
Consul G E L P Bait common
*
1,900
•Z/9V4:r
8
———i.100
common...
Jan
Jan
12
76 Vb
....—I'
wrnta
A Coke Secur
Gas
50
t
16%
'
15
$3- preferred v—ai.————«****.'•-
750
f.
13%
400
Feb
Jan
34%
Feb
144
1,850
4
165
29%
7%
Coro
70
27%
20,000
14%
46 %
•
39%
10
,.1
150
Jan
Jan
2%
••.210
.
5,500
.
125
..10
_.
Canada..
Convertible
18'A
32,400
17%
25
1
Corp
Hedges
.
1134
1834
18%
2034
10
11
Jan
152
15
.«
Fire Arms.—.26
Public
Community
44,900
20 %
20'/a
;
14
*
;
common...™
Aircraft
Bell Tel of
Benson
v;
A common______5
17%
7%
^Community Water Service.———1Compo Shoe Machinery—
V t c extended to 1946
—-I
-400
15
1234
Jan
11%
Co.,——a...*;,;
a
Iron
Gas Ac
Commonwealth
,
Ties
Mnls
(A
&
preference
Consol
13%
common.
Brummel
Beck
Fuel
Patent
5%
4,500
18%
17%
15
27%
common..'.———*
Co
Consolidated
1st preferred...
■Beaum:
Plow
Consolidated
Inc
Utensil
Consolidated
17%
525
3%
•
i,/
1
Coal
Airlines.....
Columbia
;
Mfg—•*/::/:/;.
•
Development ordinary—.——.—
Colorado
;/•
common:
Jan
140
.10
Neon
Colonial
ggei
44%
48
•
.....
Co
Alummum
Colon
400
■0/1. ;;v§". ;f
43
—.
Jan
-
13%
Club
325
37%
40
17 %
1
144
Feb
1,300
27 '~ i- •>r
142
27% ,32%
29
•
Feb
150
1.050
152% 160
•
160
Jan
•
Corp..
Seellg
..10
:
3
3%
155%
Feb
22 V*
Jan
Jan
46 %
:
15%
15 %
1
Jan
1,400
".
25 34
Banco de los Andes-iH American 'shares..
Basic
4
-
160
42
100
...
9%
23%
155
42
13%
5,400
3434
25%
f
"
158
*.
115%
Jan
800
"
preferred.!....
H tl.20
Feb
"
25
^
■
Baldwin Locomotive*—
A
22
Mining
Clinchfield
4 %
Barlow
Jan
20 Va
common.
Jan
28,100
27%
•15%
B
Barium
17 Va
Corp
100
Clinton Industries Inc.™a™i-a...—_l :,;
•
200
& Sons commbn........._a
Babcock A Wilcox Co
Tib
Feb
Jan
•27'/a
Jan
'/'A:'; ;'/■
Baldwin
10%
29
Lights Inc
Clayton A Lambert Mfg
Cleveland
Electric Illuminating
Jan
Feb
45%
Jan
36
Jan
Homes
Controller
25
•
46 Va
5
Jan
■.
7%
Feb
A Suburban
144
Jan
Jan
City Auto Stamping.....—.™'
42%
48
Jan
37
v
6%
Feb
$6
41
22
25
preferred
preferred B
preferred BB
60c
41
4;; 8%
Jan
7,300
81%
Machine.
1
$6
♦
'
20
Jan
106
16 Va
common
Consolidated
Colt's
13%
37
Feb
Jan
Feb
Feb
Feb
„™iU
ctnumun.
Cities Service common
.•
175
J
;
6% preferred.
Ayrshire CniHi»ri«g rinrp
:
Feb
4,600
81%
_j
;™_
>
:
3%/'
1
Corp..
Automatic
•
50
Products.
•
Feb
200
11
3
10 Vs
10V4
133b
-
400
Chicago rtivet A Mach
pfd—100
Co
Automatic
11
3%
11
Jan
117%
Jan
26,600
Chesebrough Mfg
Chief
42
5
Chicago Flexible Shaft Co
115%
:
11%
9%
Avery. (B Fi
Pv
4'23
•
Fisheries;
Line
Plywood
11%
1/110%
£1
21%
Feb
Jan
18
550
4:42
—J
Co common..
Feb
Feb
Feb
J»n
Jan
106%
32,000
V.s- 1,025 '
144
100
ser 29
12%
43 %
39%
6%
,
Jan
-4-6
•
Atlas Corp.•
:
«.wrp
Cockshutt
class A
Coast
Coast
Atlantic
.
Aircraft
10%
19%
Feb
i
depj rects reg™.
Laundries of America
■
Conv pfd opt div
Feb
15%
Jan
4;-5% Feb
2.50
American
Associated
:
Cirans
Jan
Industries—
Associated
:
Feb
17%
>
5% Jan
io
Electric
Feb
300
18%
130
100
Chamberlin Co of America
; ■
.12% Feb
-
Jail
112
■
—*
Equipment Corp
Oil.A- Refining Co....
Jan
105 Va
260
120
117%
18%
100
a
Cessna
7%
Jan
!'-r: 37
.1
Ashland
9,200
16%
Jan
13 Vs
120
100
ser
Feb
59%
Feb
18
Arkansas Power & Light $7 preferred.*
Atlas
pfd opt div
Feb
:
•
non-voting__...
High
Low
16%
105% 105%
105%
^oUc
uiilir.ies
preferred
.........
Jan
121
Jan
9%
boo
1O0
preferred
Associated
West
i&ouin
«
preferred
Conv
Jan
3%
Jan
15%
1,300
,
1
pfd
Arkansas Natural Gas common..
class
14%
14%
£ i
—
Atlanta
,
7 %
;
,
...
Common
12%
1
common
Appalachian. Elec. Pwr 434%
Argus Inc
*;
:9
§Cent States Elec 6%
11
■
Jan
43
2,200
:
Range Since January 1
High
13%
1-
IChilds Co preferred
; Am dep rets ord reg____
Angostura-Wupperman
Apex-Elec Mig Co common
Aro
-
ueatittl
Jan
46%
Jan
119%
5
5%
Angerman Co Inc
6%
■
Jan
Jan
.
j
Augio-lranian Oil Co Ltd—
,
2,200
121,000
59%
Writing
-
3%
53 %
•
■
Anchor
10%
27/a
Low
15%
pfd——100
20%
Jan
9%
Shares
100
100
pia
Prooucts
4%
56
Jan
2%
6,600
2
•
Thread
}
8%
>;
5%
Jan
10c
■
8t.ee]
24
'
•
;
Feb
15%
20%
•
American
(
41
52
53%
18%
preferred
American
•
300
43%
53%
5%>
Power
27%
Jan
:;C 20
Jan
■'4: 4% Jan
50
;
X41V4
York
32%
Jan
28'/a
19,200
/'
Feb
24%
9,600
*•
;
42%
200
preferred,
$0 series
V"
5%
5
for Week
"
I'v'1.1,400
•
Republics
8eal-Kap common
Superpower Corp com..'
1st
22%
10
Chemical.
A
26%
29
21 Ya
1
-
American
Amer
25 Va
29
-25
American Meter Co..'
American
29
32%
1,000
42% " 44% ^'■5' 700
.
25
American
54
1
Laundry Mach
20
Light & Trao common.,„25
Range
of Trices
1
America...
•
$2.50
Sales
Last
.
P°r
Catalin
300
-1
*
Exchange
I
Jan
:75
49 Vi
48 J/4
1
preferred
;!Il4v:
1,700 ?
High
Low
:
15
York
Range Since January 1
Shares
Week's
Thursday
Sale Price
New
for Week
High
14%
10c
common
>
Range
x
STOCKS
Sales
of Prices
Par
General
RANGE FOR WEEK ENDING FEBRUARY 22
*
Week's
Sale Price
American
NEW YORK CURB EXCHANGE
*
Thursday
V-, •• Last •>
'
-
~
/
100
79,100
100
/
.900
18%
Jan
25%
Jan
72
Jan
75%
Feb
75%
Jan
78%
Jan
•:
i
'
.
•
:
.
•
Last
Exchange
Range
.
Low
Co
preferred
Empire District Electric 5%
Emsco Derrick & Equipment
Equity Corp cominon
$3 convertible preferred—
51
10J
-J
109
13%
3%
Jan
20
1,375
Pipe Line common..
2,800
Eversharp Inc new common.
Feb //
A
Jan
15
:
Feb
4% Jan'
49%
Jan
14%
Jan
30%
a
1,400
/// 50
Inc.
:
Jan
32% Feb
Jail;"
59 %
;'
x41 %'
56
.
Jan/j
:
Feb
22
:
•
Camera A Inst Oo.
Falrchlld
1
$2.50 conv pfd
•
Falstaff Brewing
■*
Fansteel Metallurgical
———*
Fedders-Qulgan Corp
1
Federal Compress & Warehouse Co—21
Fire Association (Phila)
..It
Engine & Airplane
.
16%
17%
7%
17%
/ 7%
8%
Insurance Co of North
I
America——10
Machine————*
International Cigar
101
108%
115
23
23%
72%
74%
15%
14%
17%
29
,
68%
Jan
17%
Jan
8%
Feb
26%
/
29
500
:'/>/> 40/
70%
Feb
Feb
Co Ltd—
Ford Jdotor
rets ord reg
of Canada—
dep
Am
*
8%
—H
....
A
Class
B
—*
non-voting
voting..
Motor of
Ford
Co
Franklin
8%
Froedtert
& Malt
15% Jan
Jeannette
21%
23
Jersey
Feb
Jan
46%
49
34%
6 %
34% Feb
Jan
100%
7%.
Feb
131
100% 100%
Gellman Mfg Co common
General Alloys Co
17%
17%
15 %
15%
10
19
General Fireproofing common..
General Outdoor Adv 6% pfd
General
Public
Service
General
Rayon
Co
preferred
,
,
25%
6,600
8%
7%
21% Jan
3,700
23%
22%
class A
6,200
66
66
43
22
Jan
.
,
69
44
Feb
105
!'
/
Feb
36% Feb
900
Jan
Jan
12%
2% Jan
4
Jan
1
50
'48% Jan
50
Jan
•?'
11% Feb
14
Jan
51
common
Atlantic
64
conv
pfd
25
Jan '
51
Jan
Jan
71
v 50
"3V800
f
46
12%
10%
l
.
64%
%
40;
13%~r~r,300"
20
"*"2,800
*
58%
31%
>12%
' 18%
Jan/A
Feb
'
Jan
'
Jan//.
:
47% Jan
;13%,:J4n
:
23%,'Jan
;
Northern
...I
.
stock.————*
100
Stores
30%
31%
34%
116
•
Products
365
20%
19%
common._25a
14%
14%
14%
100
.
Electric
Rayon
v:
9%
voting trust
Co
70
17%
Jan
13%
Jan
6%
6 Va
7
i
6Va
5%
6%
preferred
Jan
Z; 37%
Jan
'
1
'A;
//
Jan A ■
Feb
3%
•/
32 'A'
Feb
1
Jan
13%
Jan
■-{■
Jan
;,;/3%
Jan
Jan
■
'
;
Z
17
.Jan
33%
Jan
Jan
108
110%
Jan
>109%; Feb I
Jan
J
160
110'%: Jan
112%
Jan
Kg;
27
100
x26
27%
Jan
23
1,500
21
23%
700
8%
9%
4,350
11%
200
27%
29%
4,000
110
10-
111
112
26
Jan
1-.
.
123
121% Jan
18%
Jan
23
21
Feb
25%
6%
Jan
9%
11%
:
.
Feb
15%
22% Jan.
29%
114%Jan
114%
200
86
Jan
89
50
76
Jan
78
800
21
Feb
24%
87
88
77
78
23%
$%
9%
8,100
7%
Jan
9%
11%
3,300
8%
Jan
21
,
9Va
11 %
1% Jan
2%
59,000
400
29
Jan
37%
27%
200
23
Jan
31
29%
Feb
Z 33%
12
Jan
2,
30%
500
13%
16%
10,100
■
16%
103
100
Jan
13% Jan
Z
16%
14%
16%
20%
22%;
11%
13%
14%
3,600
19
10%
600
20%
Jan-zZ
16
16%
20%
350
19
500
10%
16%
11%
1,200
1.40.0
:
5
Monotype Machine
—.i
Line
39' "
3%
46
iR G) Inc.
10
Corp
,38
w
68%
Jan
7,500
17%
1,700
16%; Jang
19%
5,500
16% Jan
10%
Feb
21%
Jan
1,100
.
common.
15%
200
15%
200
15
109
109%
60
108!
22%
24%
45%
50
io
71
550
21%
,
,
-
Jan
Horn
«fe Hardart
Baking Co.
& Hardart
52
:
Mercantile
;
Merritt
74%
950
67%
Feb
/80AZ Jan
16%
17%
3,100
13%
Jan
17% Feb
29
22%
700
.
-»-/'/
Jan
22% Jan
44% Jan.
40
Jan
4~3~%
41
250
;■
115
35
36%
/1,100
Jan
A 35
/ Feb
(Harvey) Inc
32%
'32
33
Oil
Refining
Hummel-Ross Fibre Corp
52%
•52%
53%
4,600
48%
115
12
Feb
Hussmann
26
25%
Feb
12%
12
Hi
k Jan
;
31% Jan
33%
Jan
.
53%
Com stk
Huyler's common.
1st preferred
Hydro Electric Securities.
Hygrade Food Products
3,200
27%
900
47%
48
150
45 %
Jan
48
Jan
16%.
100
15 %
Jan
17%
Jan
10%
5,500
8
600
43
V 9
9%
%
48
—
28%
49
§
29%
700
/ 14
,
Jan
22%
10%
Feb
Jan
50
Jan
v.;
Jan
7%
Jan
footnotes
32%
35% ;z
5,300
31%
33
Feb
70
74
1,300
70
Feb
see
page
1057.
19%
3,800
27%
Feb
26
Jan
;:#0Z'ZFeb
19%
15% Jan
3%
2%
99,600
102
Feb
107%
94
Jan
>
11%
9,500
10%
111%
51
61:'Z:
38
1,200
18%
7%
■■■■
;
7%
44
Jan
-
Feb
Feb
'i
'
Midtale
Jan
35%
,
75
Jan
:
19%
Jan
"
Jan
JanZjZ
Feb
6% Feb
12%
Jan
19 V'b
3%
-
5,600
40% Jan
Jan
4%
Corp
class A
vtc.J
common
-—8
$2 conv preferred—*
Co
Co
Jan
Jan
94%
Jan /1.
17
Jan
22%
Jan: if,
43
45
225
42
Jan
45
Jan
18%
20
3,200
16Va
Jan
Z 20
Feb
26
28%
26
Feb
:p
'
2,800
4,400
8%
9%
23%
24%
20%
23%
2,700
10%
800
22
/A"
9
CupplJ—
*
common
preferred
&
.
Zr;
23 Va
Jan
L
5%
pfd
1
50
*
100
Jan
10
Jan
Jan
19%
26%
Jan
Jan
Jan
12%
Jan
8V4
Jan
110
Jan
9%
11%
25,500
6%
Jan
11%
10 Vi
•
"i %
30%
Z 25 %
8%, Jan
A
3,400
11%
1,500
9%
Jan
12%
;;
Jan
60
Jan//
8
17
Jan
8
Feb
16
Jan
5%
4%
5
58
500
:'t 9 %
16%
16%
50
1,200
,ZV
60
59%
4%
17,100
12%
13%
20%
23%
16%
300
-4%
5,600
24,300
9%
Feb
17%
ai
Jan
5%
Jan
•
i
20%
1,800
16%
Jan
Jan
11% Jan>
1,700
2,1
Jan
Z 24% Feb
16%
Jan
13%
18
'
Jan
Jan
3%
23%
22%
•
24%
3%
Jan
4Va
20%
Jan
25%
Feb
15
"3%
Jan
16
Jan
;/35
Feb
—
50
32%
Jan
;.
675
36 %
Jan
8%
2,300
34
47
Z 7%
11%. 12%
1,500
7
5%
31'
90
9%
107
6
33%
v
Jan
Jan
8,900
5
Jan
1,800
24%
Jan
73
Jan
90%
200
10%
5,800
107
Z Jan
11%
33
&
Mining Corp of Canada
P
' h
13 V*
94%
39
*8
Refineries
Wohl
Zl7% :Feb
1,200
2,600
-
Abrasive
conv
Jan
19%
34
shares
common
Piping
.
Jan
16%
13
—J
4 '
Corp
Oil
1
17
10
t c
Midwest
.
: ?
16
—
Steel Products—
Co
Minnesota
900
4%
3%
10%
$2 non-cum dividend
5 %
Jan
26
6%
100
6 Va
17
15%
V
,
Oil
Mid-West
48
Jan
40% Jan
9%
•
Micromatic Hone Corp
Midland
..
;|Z
39'A Jan
100
.:,
-
8% Jan 1;Z
•m Feb
600.
•-
A
23%
.2.30
Midland
Feb ' >
'
109%
v
;
J
Jan
Jan
.45
27
1
Steel Tube
B
Jan
98% Feb
12%
Jan
10
.
West
■
Jan
19%
—18
---I
Class
;
3% Feb
Jan
250
: '
Textile Corp.
Michigan
•
-
18"
8
preferred.—..
Michigan Bumper Corp—
Miller
32%
18%
Feb
|
Jan
43
Scott
A
Participating
Mid-West
71%
19
16%
1,850
4
'
Messabi Iron Co—*
Metal
M
Jan
26
preferred
A
Jan'/]
14%
98 V*
.10%
10
common—
Stores
Chapman
6%%
jan m
;:
105%
Warrants
Middle
A
/
'H
'
Dividend arrear ctfs
30
30%
5,200
*
——
Middle States Petroleum
>
30% Jan
I
preferred
26%
30
1,700
•
Feb ;
23
18%
44
common-—-,.
Midwest
Illinois Power Co common.
Jan
21
250
6%
Michigan Sugar Co—
>
Jan
•
5
v.
Jan
,
50
>
27%
3%
,t**
!
Feb
13%
25%
47%
preferred
purch warrants.
;
Jan
15%
Co...
Z
1
39% Jan
•
Jan
200
-
3%
Jan
;
16
Preferred
Hubbell
Humble
&
Feb
>
40%
100
1
31
Jan
v
Z'.;
•
,
Jan
20%
40%
Corp
Ligonier
Jan
70
—•
3Va
95
—
Memphis Natural Gas common
Jan
16%
common
41
37% Jan
115% 115%
6% pfd—100
Mead Johnson & Co
X
30%
30%
Feb
102
-10%
McWliliams 'Dredging..—-
9
—•
preferred
,
40
1,800
common
Horn
Corp
preferred
$2.50
—•
M
Inc
A Co
McCord
Jan
46
82%
900
16 --
3%
-r
95
Harris common
Feb
22%
Feb
1,700
30
17%
17%
.47
McColl-Frontenac Oil Co
Feb
15%
2.59
11%
■#,.?
Corp
Massey
Feb
>15
109
common
—10
Consolidated Mfg Co..
Internat Marine
Communication Co Ltd.
Marlon Steam Shovel
—
Mass Utilities Association v t
16%
••
Jan
Jan
50
Marconi
17%
•
Feb
42
27
Mapes
6% Feb
5% "Feb
16%
w
class A
Stores
Feb
800
-
9%
Feb > >
18%
;
500
;
21%
26%
i.-*:
-8
B
|Z
VI
Jan
1,000
14%
15
common....——.——.*
Groceterias Class A—
•
Clasa
Feb
Jan
19
14,400
30
Lit Brothers
Loblaw
Feb
Feb
10%
70
3%
49
25 :
28%; 26^ .,
24%
preferred—29
(Thos J> Inc 6%
Lipton
39%
.
23%
Material Co...—
Lionel
Feb
14
Feb
8% Jan
5,700
73
preferred—
Prior preferred
Leonard Oil Development
Le Tourneau
23%
15%
20%
4,900
,
Convertible
Ifanatl Sugar Optional warrants— ...
Mangel Stores common
——1
Manischewitz (The B) Co
6,000
-v
14
34
Jan
12
-w
*
19
common
Jan
40
Hollinger Consolidated G
Holophane Co common
For
39%
2%
25
B.
Class
8%
ii'
1
Feb
11%
500
12%
14%
25%
15%
(Geo A)
Feb
n%
common..
common
conv
Jan
Jan
106.
29
110
13%
Lynch
Rubinstein.
Henry Holt & Co
5 %
-.
107
21%
preferred A ctfs of dep.—
6% preferred B ctfs of dep—
Louisiana Land & ExplorationLouisiana Power A Light $6 pfd.
10%
Class A
$2.25
3%
.
26
1%
24
12
•
Heyden Chemical
Jan
-
113 %
20
ctfg—1
Corp
Dept Stores
5%
t-;3
107
.1
1,200
r
40
70
70
Hecla. Mining Co.
-
|
/
> I
Jan
24%
13% Jan
6% Feb
2% Jan
1,500
3,800
18%
1,150
10%
38 %
10
Hat Corp of America B non-vot com—1
Howard
3
ill
//is:/ 17%
10%
Light
Brewing
Horder's
12
Ill
14% Jan
Ltd.
_
Feb
30
113% 113%
16
Co
Paper.
A Co
11%
11%
Long Island Lighting Co—
Common ctfs of dep.
Feb
40
•
H
Bridge
137
600
21
42%
■
110
60
118%
40
Lamp cn—It.
(R)
-24%
26
825
29%
Lone Star Gas Corp common-
850
137% 138%
29
Gulf State Utilities $4.40 pfd.
Gypsum Lime A Alabastlne
Hormel
,
Locke Steel Chain
21% Jan
2,200
2,300
116
137%
40
Paper
Greenfield Tap & Die
Hoe
Jan
Jan
35
100
■■
Langendorf United Bakeries class
.
Pacific Tea—
A
Non-voting common
1%
1st preferred
5%%
'25%
:
37%
.
Co
A
36%
•
27,100
.
32
2%
Lefcourt Realty common..—
200
50
12%
!«
Stores
V
changed to
Grayson-Robinson Stores
Heller
35%
2%
■■■!
Brewing; Co—
Lane Wells Co
>
Name
Helena
1.100
/ X29%
Corp common—
Lanston
79,400
3%
3
50
class A
Grayson
Hearn
'*--s'4'T V.V
Jan.;
4%
15,700
38%
35%
2%
30
Lakey Foundry A Machine.
Lamson Corp of Delaware.
25% Feb
24% r Jan
8% Feb
Jan
103
Mines..
'
6% Jan
65
50
37
Mfg Co
Hazeltine
Feb
19%
1,500
i6%.
36%
38
Shore Mines Ltd.
Lake
preferred
Harvard
a
28%
A
55
24
Consolidated
Hartford
'
.
10%-Jan
11,800
5%
.
Eobacker Stores new common.
prior preferred
Hartford
V
■
..v
'
37%
55
Coal
Hammermlll
Jan
:
Feb
Jan
11%
Emil) Co commor
(I B) Rubber Co.
Kleinert
113
34
,<
•
B
Hamilton
Feb
*
-ll%
12
Prodncts.—I
(D
Knott
8%
6%
———•
Graham-Paige Motors $5
Grand Rapids Varnish
Gray Mfg Co
Kail
Jan
68%
Feb
■
19% Jan
21%
12%
20%
21%
—8
Erueger
Harvester
Grocery
33%
22
300
Kresge Dept Stores—» f 4% convertible 1st: preferred—100
(Adolf) Inc common—
Great
Jan
Jan
-
•
Godchaux Sugars
Great
1
24
22
•
Mfg
112
28%
Eleo 1% preferred—100
113
common
Gladding McBean Sc Co
Gorham
Jan
}
"
106 % 108%
•
;
Inc
:103
u
'
flOO
•.....u.»
Petroleum,..,..
Klein
120
5%
com.—1
Co
Goodman
Jan
60 / Jan
.
—
Kirkland Lake G M Co Lt<
/
14%
120
7%
preferred
Preferred
Gorham
Jan
101
,
z
gj
Co
Kingston
Kiiby
28%
11%
13%
•
Geoigia Power $6 preferred.—
$3
10
105% 107
—
General Shareholdings Corp
$6 convertible preferred
Goldfield
30 V2
116
Jan
21
preferred..
12%
26%
105%
1
$6
stock
A
16%
9%
11%
27
•
109
Plywood Corp
General
$4.50
18%
12
preferred series A
Warrants
Class
2,400
Kings
dep rets ord reg
Alden
'
Jan/ A
26
400
67
Kimberly-Clark Corp—
100
4%% preferred.
Co'Lighting 7% pfd B
100
5% preferred D
100
King Seeley Corp——1:
•
II
General Finance Corp common——.1
Glen
29
63
1
Key Co common—i.
Kidde
(Walter) & Co
in*
>
Gen Electric Co Ltd—
Gobel
28
64%
,
Jan
common——.*
Co
Power
Gleaner
29
?
V
"
94
101%
Kennedy's '■ Inc—.. ..t
Ken-Rad Tube A Lamp A
;—•
preferred
GllcHrist
Jan
'
Julian A Kokenge Co
Garrett Corp commor
(AC)
Jan
90
,
106% 110%
CO—*
Central Pwr A Lt 5%# pfd—100
preferred
;
-100
Kawneer
Gilbert
Jan
14%
114
99%
Glass
Kansas Gas A
$5
15%
Z
!/ZZZZZ;;!'
14%
31
(Geo A) Co——
$3 conv stock.
4% convertible preferred.
5%
Jan
/
Jan
Jan
33
43
common.
Fuller
Amer
15%
Jan
Jan
9%
9
31%
19%
Grain
5%
Jan
92%
99
108%
Italian Superpower A
12%
Stores
Ga tineau
13%
3,000
100
Products
Irving Air Chute..
30%
Distilling—
Franklin
7%
6%
6
Fort Pitt
Fox
Jan
;
,
France—
rets bearer.
Brewing Co
(Peter) Brewing
dep
Amer
Jan
35
Class
29%
shs..*
—10
International Safety'Razor B———•
International Utilities Corp com—IB
Interstate Power $7 preferred
•
Investors
Royalty
:
1
Iron Fireman Mfg voting trust etfa—-•
Jan
15
.114% 115%
115
99%
shareal
Registered
Motor
Ford
Feb
'
International
70% Feb
Jan
7%
<Al >
28%
—1
International Petroleum coupon
;
400
12%
Warrants
Jan
17%
32%
13%
—•
International Minerals and Chemical a—
Jan
84
300
1,200'
20,900
A
7%
14%
International Metal Industries A
115 Feb
,
80
Investment Co
International
Feb
5%
1,075
74
29
13%
5,000
113,900
Jan
"7% Jan
2,700
30
7%
—r.—100
preferred—%
7%
International Hydro Electric—
Preferred $3.50 series
Fairchild
Hiph ; i/
,
25
-
—
......
Indianapolis P A L 5Vt% preferredL.100
Indiana Service 6% preferred—,
100
A
Jan
Range Since January!
High
28%
29
■
Shares
•
39% Feb,/
53 /Feb
A
111%'Feb ' '
■
Jan
900
i
.
,——,
Sales
for Weak
of Prices
Imperial Chemical Industries—Jll
Am dep rets regis.
*
Imperial Oil (Can) coupon.
*
Registered
Imperial Tobacco of Canada
1
Imperial Tobacco of Great Britain A
Ireland
—£1
62
■
Jan
29,500
Co
Illinois
24% Jan
!./
Jan
Zinc
A
12% Jan
:
Week's
/;
•/;//: Rants
LOU}
Feb
155
24% Jan.
50
—-J™
pfd—100
Eureka
50
975
5%
Esquire
Jan
6% Jan
19% Jan
15,900
common—
L»"t
High'
142
5,200
20Q
warrants
Electrographlc Corp
Elgin National Watch Co.
Option
Elliott
>
Sale Price
Range Since January 1
150
Light 2d pfd
Power &
Thursday i
Ntw York Curb Cxehaaga
'
Shares
>
Electric
:
8 TOOK8
firWNk
;
of Prices
Sale Price
I.
•
EXCHANGE
Sales '
Week's
Thursday
STOCKS
•
ENDING FEBRUARY 22
RANGE FOR WEEK
York Cork
• •
.
NEW YORK CURB
New
Monday, February 25, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
50
8%
107
Jan
47
Feb
/ 9%
Jan
12%
Jan
:
39%
6
36%
105
Feb
Jan
Feb
Feb
Jan
11%
Jan
Feb
107%
Feb
/ THEOTMMERClAi; * FIN^CIAt CHEONXCLE
Number 4467
Volume 163
1055
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING FEBRUARY
.
Thursday
Week's
vv.VMMnrV'.-;
8 ISO ■ CiJR&'i //•!///'
New York* Carb Exchange
.Range.
//«//
of Prices
Sale Price
Molybuenumt Corp.—;*
——1,/
Monogram- Pictures common ——l'l
Monroe Loan- Society, A^.
—.——1?.
5%c
12%
Montana Dakota/Utilities new com.—S*
i)> 9%
Murray Ohio Mfg Co—,—
Muskegon Piston* Ring.
4Jan
87/8 a 97/8
31%
■■
Feb
Powdrell
Jan
Jan
20 3/4
Jan
47
23%
Jan
-
4
Feb
r-
v...
Jan
Pratt ft Lambert Co—,....
103A
Jan
Premier Gold*
Mining—,
57/8
Feb
Prentice-Hall
Ino
10%
Jan
8%
Feb
Jan
Pressed; Metals
28'A
Jan
;/ 32
Feb
Producers
Jan
152
Feb
20
,
16'A
263A, Jan
/ 600
15 »A
,
p
-
>•
•
350
18 3/4
Jan
400
15%
28 ]/2
Jan
Jan
51
•
—
100
23%
53A
42
(1%
*
preferred
"14 3/8
2,700
16%
14,000
133/4
135A
.
3'/8
Jan
"17%
11%
24%
19%
1st preferred——...
133A
Feb
,
„
8,900
3%
,26
.
'
140
1085/a
Jan
112
900
19
18%
800
11 y8ui%
425
88%
87
91%
4,050
17
:•
133%
129
131
12%
112
303/4
3!
81
;
Feb
Feb
40
72
Jan
49% Feb/
■
32
Jan
7%
100
U
11
Jan
/ 813A Feb.
-
/
Jan
87/a Jan;
543A
Feb
50
57
Feb
Voting
313/4x35
247/8
; /;
28
Jan
18 s/8
1,200
64% Jan
.
x35
Jan
111
Jan
58,200
1,250
V17
20
112
~2%
115
8% Jan
4,500s /
3%
2%
11%
105
18%
Electric—.1
20,700
17%
200
4% rs%
31%
24%
17%
"4%
11,300
333A
5,500
10%
53,fi00
30%
73/4
10
North Amer Light & Power common—1
$6 preferred
—*
North American Rayon class A
*
';. Class B common—
is 9%
prior preferred-i^,—————*-50
North American Utility Securities—.*
135
134
52
141
52
Jan
116
Root Petroleum
13
"Jan
:
107//Feb
;
:
Jan
'
33/8
20
Jan
!
7%
/
-■
Feb
.200
"9%
10%
1,100
18%
20
300
63A
20
10
Feb
1085/a
Jan
110
54
55
,
55%
,1,850
45%
65 V*
11,600
45
Jan /
Jan>:
12
Feb
35%
Jan
>
12
12
13%
8,000
36
36y2
500
57/8
18%
25,700
36 %> 393/4
a
*
825
4%;,
'
iy 115
/Jan
553A
'
preferred—,—-100
Ohio Public Service IHfo 1st pfd.—.100
6% 1st preferred
—100
13% Jan
Jan
3%
Jan
6
34% Jan?;
Feb
117
115
20
1143A
Feb
118
20
116%
Feb
118%
Jan
10
110%
111
111
Jan
111%
Jan
700
42
Jan
45%
Feb
Oliver United filters B——•
Omar, Ino..
1
153/4
Jan
16'A
Jan
.18%
li'/s
18%
200
12%
Jan
22>v
Jan
19%
21%
1,200
18%
Jan
25
——
21
Overseas Securities.
»
14
1st pfd.——28
:/
5V4% 1st' preferred.
——JUT
Pacific Lighting $5 preferred.—.—
*■
/
13%
40%
2,200
41%
*116% 117
117
v,//v 13
Jan
27%
27%.
Jan
435/8
38% Jan
:/ 41%
new common.
•
American, Airways warrantsi.—
10/
Pantepec Oil of Venezuela Am shs.
Feb
Jan
60
113%
Jan
13
100
11%
Jan
27%
100
Ltd
10%,
ell %
50,600
Feb
$
117/8
14,000
//4%>
Pniliips
/10% Jan
13
/
Jan
.
Jan
Feb
26 'A
29%
1,700
26%
Feb
34
Jan
63
63
1,000
61%
Jan
63
Jan
50%.
100
/v85/v'V; Jan
48% Jan
28'A
150.
28
8%
V
50%
287/a
87/8
Finchin
6%
114
8
150
•
t 81%
... —
.20
57
;
59%
18%.
/
•,
-Z
.25
•
i63A
; ;/'16/:z 18%
29// :
28%
29
15%
Pitts Bess
& L
t
26%
Pittsburgh
see
6%
10%
14
13%
_2!
50
page
...
1057.
.10
Feb
67/a Feb
193A Jan
223A Jan
:
10% Feb
;;/8'/ .; Jan.
9% Feb
Jan
Jan
65/8
Feb
9
Jan
115
Jart
78%
48
'-;/,
133/4
14%
77 //■■
75%
78%
62
;
17'A Jan
14%
f 28%
Feb,/
Feb
Jan
50
:
Jam
21% Jan
20% Jan
Jan
/15 %
Feb
1
30%
29%
33
.
1,370
1,400
3% Jan
-
Breweries Ltd
Co
z
21
;
:
2,300/
8%
•
273/4
common——
Sonotone
7
Jan
22
Feb
rfan
28
27
100
1,800
7,300
5,200
0%
li'/s
11%
43/4
123/a
153/4
Jan
103
Feb
Jan
107%
Feb
Feb
29?
24
:
,'400
15
500
?
-/
5%
/
Jan
4io
Jan
'12%
Jan
/
Jan Z
163A
Jan
Feb
10%
14%
8
19% Jan
300
21%
,
original
151
Feb;
110%
Jan
111%
Jan
25 3A
Jan
273/4
Jan
Feb
23%
Jan
Jan
48
Jan
•
19%
20%
"8%
"8%
73/8
•-
Southern
Jan
Southland
m*'mm
13%
;
I
:/
21
6%
8%
56%
34
7%,
56%
i
"9%
59%
Line.—.—.. Royalty Co--.——
Jan
/ 147/a
Jan
Feb
47
■
Jan
78%
Feb
®
Standard Cap & Seal common
13
10
?
preferred.^..———.—10
common—.!
preferred—-—,.—20
Oil- (Ky).—.———10
Convertible,
Standard Dredging Corp
$1.60 convertible
Standard.
.
'317/8X32%
32
; 1,200
30%
200
303/4
303/4
Feb
/ Jan
,7% Jan
Feb
237/a Feb
.
15%
Jan
7%. Feb
Jan
12% Jan
83A Feb
v
108
11% Jan
ip: 5
,
;
14%
Jan
Jan
56%
Feb
62
;
31%
Jan
34-
Feb
Jan
51
Feb
31%
Jan
30% Jan
150
/ Jan
32% Feb
31% Jan
150
Jan
11%
400
K 11%
Feb
148/b
Jan
11
,\
12%
11%
'800"
11
\
Feb
We
Feb
15
12%
11 /'/
15
300
15
93A
103A
14
-
3%
3%
36
38%
ya
11
:
1,800
Jan
12
Jan
16
Feb
Feb
600
7%
Jan
33/s
10,500
1,200
2'/s
Jan
3%
Feb
35%
Jan
43%
Jan
37
Jan
44%
Jan
6
Jan
83/4
Feb
Jan
27%
Feb
26;
Jan
41
40%
73/4
83A
3,500
27
26%
27%
400
25
24%
25%
2,500
38
18 V2
9% Jan
15%
500
,39
77/a
:
Jan
10%
v
■/. 44
Co——^—.10
Pipe
■
i
750/
34
33
117% 'Jan
>
10
374
Feb
106
15,600
1,000
1,200
/
800
7%
;
Feb
7% Feb
700
12,300
4,800
13%
-
X33Q,
10
14 3A
8
12%
83/a
1
.
24%
12%
:
13%
:/
190
108/
108
y' V,
23
preferred————28
Feb
Feb
"
-
6Ya Jan
19,700
346
X330
340
10
'
Jan
Jan
19%
21%
48
preferred B—
25
preferred series C———-«*-25
Southern New England Telephone—100 >.
Phosphate;
-«-;/_
—
6%%
Southern
Jan
Feb
Jan
,
t;
.
21%
-
130
600
1383A 143
*
fi%
v
177/a
33
Jan?
Feb
5>A Jan
113/8
8% Jan
4
5,400
10
8
21
21
1383/4
Co————......1
15 »A
Jan,
Feb
98;
/
100
26%
Feb
Jan
?
: 400
•
,
26%
100 /
4,450
103
Jan
7%
353/4
3%; Jan
35,900
4
Corp————.—
Jan
24%
Jan
257/a
Jan
Jan
24
——-
Feb
73% Jan
9% Jan
Jan
107%
-
Jan
21
5s/a
353/4
30%
Jan:
179
6% Jan
—
*"6s/a
75/b
Jan
24
200
'/
7
6%
.
Feb
•18%
203/4
273A
;1150
2,300
67/a-
18%
Feb
9% Feb
•
25,400
'
.
Spencer Shoe Corp—
Stahl-Meyer
Inc———.
Standard Brewing Co.
53/g Jan
Jan
4% Jan
52
42% Jan
2,500
24
4^5
3.62
Jan
/17% Jan
200
■:,/;'
VjjAf,
Jan
118
900
172
7%
Solar Manufacturing
323/8
30 ]A
Jan
65/8
/
10V4 Jan
Jan
9
,450
44%
Vr. 11% Feb
'r; ' 9 % Feb
42%
1,300
26,300
138
33% Jan
Feb
8% Jan
z
2,400
87/a
6
*
—1
Singer? Manufacturing Co—.—100
Singer Manufacturing-Co Ltd—
•.
/ Amer dep rets ord regis—.——CI
86% Jan
Jan
^an.
..26
11,700
2,600
/
Jan
0
•
Feb
10%
2,300
52
'Si.
Southern California? Edison*-
Jan
>
9%
Jan
49%
/
7% Jan
29
9,500
4%
18%
Feb fj
Jan
400
7,200
9%
10
167
Jan
Jan
200
:
,
.50
—
Metallurgical.—
For footnotes
~5s/e
123/a
—
————
v
113
1
preferred—.—-—.--—100
45
"5%
._1
E BR—.
Pittsburgh ft Lake Erie
■
Solar Aircraft
%
Johnson Ltd Am Shs
Pltney-Bowes Inc
28 5/8
:
,Jan /
6%
-.6
2,250
32,400
43
43
Co———1
1
Boss Manufacturing common
1
South Coast Corp common—-—<*-1 •
South Penn Oil.—
———.—28;,
Southwest Pa Pipe Line
10/
543A
250
•'275.
Jan
84
700
;
Feb
9:
Jan
.700
16%
26
16
..*'/
Piper Aircraft Corp com
/:
4,700
8%
31
lls/a
120
129%
Gas & Elec Co—
/
3.90%, preferred-^—
——-10°
Smith (Howard) Paper Mills———•
213A Jan
7%
1,100
183/4
29
Feb
/
:
18%
i
1
Jan
113%
200.
2,300
4 81/4: 82
57%
i'Z
Pioneer Gold Mines Ltd—
1,400
10,000
; '73/a
Sioux- City
Jam
82
500
7
9
Jan
.
50%
.
52%
25
114 Va
Jan
17%
660,
52%/52%
•*
8,
21,300
I73/4. 20
.2 50
Packing. Co——
4,600
9'/8
'.47%
8%
$3 convertible preferred.
Simplicity Pattern common—
420i"--t' Jan
42%
pfd——100
Governor? common
4 8%
97/8
;7%
Simmons-Boa rdman Publications—
Feb
Pennsylvania Edison Co $5 series, pfd-*':
$2.80 series preferred——
—* v
pierce
■
Silex
Jan /
39%
J
Philadelphia Co common—..
Phila Eiectrio Power 5% pfd....
Feb
9
49
Shattuck Denn Mining.
14?
79. Janv
i 82 %» 83
Pharls Tire ft Rubber^—
19%
33A
9%
28% Jan
750
Z
Penn Water ft Power Co
100
19%
8%
91/4
■3%
B)
Jan
300
Fenn-Dixie Cement warrants—...
Pepperell Mfg Co new common.
perfect Circle Co———..
(R
Feb
42%
•
—
Jan
Jan
107
10
85
...25
com
Jan
40
100
Bick's
39 %
*■
Power ft Light 4'A %
Penn Traffic Co..—
20
Feb-
300
29
Shawinignn Water ft Power.—j—Sherwin-Williams common
—-23
'
P»nn Gas ft Eleo class A
Jan
Jan
35
10%
35
10%
/
WW
27%, Jan.
.1
Penn
11%
/v-8h/
Sherwin-Williams of Canada-.
84
...
Jan
Jan
■
117%; Feb
-
5
Pennroad Corp common.
2,600
93/8
73/4
common.——.—.
14% Jan
18
10^
Peninsular Telephone common—
$1.40 preferred A
Jan
6V2
,
,
26% Jan?
1
t
57/8
9
common——J ;
Inc——^
Sentinel'Radio Corpi common—
Sentry Safety Control
Berrick Corp class B—
Seton Leather common
Feb
107%
105%
Page-Hersey Tubes
Batchog.ua Plymouth Mills
22
19%
————2%
27
W
—
Parkersburg Rig & Reel
22
1,700
193/4
$5.50l prior stockAllotment certificates—.
Semler
14%" Feb
42-
130
,
i
Jan
12%
;
//j700-
105 % 107
106%,
Pacific Power ft Light 7% pfd.—.100*
Pacific Public- Service———
1,500
43%
403/4
/
143/s
43 %
..//.
43%
.
...
25% Jan
Jan
1,500
2,400
67/8
9%
-T/*
Segal! Lock ft Hardware
Beiberling Rubber common.,
Belby Shoe Co——-----Selected Industries Inc commonConvertible • stock...
Jan
45%
New common
Jan
233A
35
common—-—
Securities Corp General
1
Seeman Bros > Inc..—
393A Feb
42%
Paramount Motora Corp...—
Barker Pen Cc—
Feb
20%
Feb
20
-
(D A)
convertible
39
,
425/4
Pan
109 %
105%. Jan
16%
Jan
Feb
43/a Jan
/ 28%
6%
Schulte
65% Feb
15
1st preferred*—
13%
27
'
commonl———-1
/
preferred———-———25
Scovill Manufacturing—.——25
Scranton Elec $6 pfd
—•
Bcranton Spring Brook, Water Service—
Schiff- Co
Jan
I 116% 117
Ohio Power 4%%
tl .30
Jan
23
5
$6 preferred
Bcullin Step! Co
i
;
43/s
2% Jan
>
50
16%
Jan
8
-
100
'
Class A $2 conv pref—60
8t Regis Paper common^————0
Salt Dome Gil Co——————1
Samson United Corp common^.
1
Savoy Oil Co—
Jan
25
110'
36
Corp
:
Jan
Jan
3%
8,400
109%
16%
;
Feb
110
64
Jan
Bt Lawrence Corp
127/8 Feb
217%
110
55%
Jan
Feb
1053/4
Novadel-Agene
entnmnn
Jan
34'/a
49
Feb
Feb
/
..-10
1053/4 1053/4
Northrop Aircraft Inc.——
Pacific Gas ft Blec 6%
37 %
25%: Jan
37%, Feb
Jan
55"
54%
s
Jan
4,600
1053A
Northern. States Power olass A.
Pacific Can Co-
Feb
30 %
Jan
104
1
Oklahoma'Natural Gas common
Jan
10% Feb
146
49% Jan
50% Jani
8
10%
1
common
28 V*
Jan
//./f v>
35
Jan
134
Ryerson ft Haynes
.S'A Feb
;
//'.,v. ///
Jan
30
Jan
Jan
Jan
21% Feb
24,300
4
109
-7-
.
Ryan Aeronautical Go—-i.———. 1
Ryan, Consolidated Petroleum—.—.*
26% Feb.
173/a Feb
39%
' Feb
-v
"
r
Brass Co class B
33/a
109
?
12%
10%
Feb
34
58
55
600
Co———.———-—1
Royalite Oil Co Lta
Russeks Fifth! Ave
Feb-
Jan
36
Feb
43/s
Jan
7,600
1,700
1,725.
$1.20 convertible preferred
20
Rotary? Electric steel Co—... ——10
33/a Feb
Jan
*
3%
31%
Jan
24
Feb
21
800:
900
|
Jan
63A Jan
28,900
'•//, 10-
100
Inc—.....w
Roosevelt Field Inc—
X'ItlU Mil————"
Jan
183/a
250
>
52%
*53%
53
Fifl
.*North Penn RR Co.—
Northern Indiana Pub Serv 5% pfd—100
'.Northern Natural Gas
20
Ohio
Jan
10%
550
1
GasvCo. vv t 0——..1
IWU86VCU
r.
Ogden Corp common
10%
-
Jan
,100.
Art Metal Works
12%. Feb
123% Feb/
1% Jan
11
2,700
/.u%^%;'
197/a
•
1
8
m mi m<**~ m> ■»
Feb
Jan
^
Radiator...—
Rome Cable Corp common—
'
pfd———100
OP
18
8%
■Soils-Royce:'Ltd-7;///////:/;//;;/;/p;^^
Am dep< rets for ord'-reg—£1 ■■..■••
Jan
95
11.3/4
115
Niagara Share Corp class B com—-3
Dnrvri
Feb
175
8,200
Rochester Gas & Elec 4% pfd F.
Feb
26
Feb
1203/4 1217/a
121%
100
2d' preferred—1QQclass R optional warrants—..—...
Northeast Airlines
108,
Feb
103 /
106%
16
.
Feb
85% Jan
200
91%
10%.
11
6%
Northern Central Texas Oil—
Jan
167% Jan
■
26
88
91
100
Mines-
18
—
Roeser ft Pendleton
109
Niagara ^dson Power commoh..i—wl
Nipissing
Feb
Jan
,
15s/e
103
common
Rio Grande Valley
Ronson
Noma,
23
//
Richmond
11% Jaw
.17%, Feb
Jan,
1,000
57%
57%
J
93A Jan
;
17%
Rounders shares—
1
N Y State-Electric & Gas $5.10 pfd.100
...—
253/e Feb
Jan
Richfield Oil Corp. warrants—
*
conv
Jan
;20
,.—10
Railway1-ft Utility Investment A
-1
Rath Packing Co. common.—
10
Raymond Concrete Pile* common-. -—*
$3 convertible yreferred.—
Raytheon Manufacturing common—50c
Reed Roller Bit Do—,
—■*
Reliance Electric ft Engineering———6
Rice Stix Dry- Goods—
•
■:l
N Y Shipbuilding Corp—
4%
23
275
'
Janf
133%
?
Jan
/
543/4 Feb
N Y Auction Cb common—....,.„ ——?
It Y City? Omnibus warrants
: N Y ft Honduras Rosario—
10
Z:; N Y Merchandise.-^-..
7, „*■ ,i / 10
1
700
23
21
Railway ft Light Securities
Jan
s. 31
303^;Jan
New JProcwa^ Cok common—;)****#«*
Nineteen Hundred Corp B
25%- /
24 .•
itodio^Kelth-Orpheumoptionwarrante;
Jan
19
/Jan;
12% Jan '
943/4
5
M28^f Jan/
-2,900
7,100
83/8
-;
11% Feb
700
77%
7%
22
Jan
87
600
New Jersey Zin©—
.....28
Mexico ft Arizona Land...——1
Niles-Bement-Pond
Jan
;■
108% Feb
Feb
24% Feb,
-
„
190
-
New Idea Ino common..
i: New
i
Jan
110%
21
Quaker Oats? oommon.
6%
preferred-.
Quebec Power Co.
*
29%
100
preferred
112
100
108% 108%
*
Jan
Feb
Feb
46%
1st
1083A Jan
112
Feb
14
Jan
100
42%.
ovo
1063/a Jan
30
Jan
4%
Jan
,'',:'jz $2 preferred^**.*
•h
40
112/Z/:
■{
Feb,
15%
Feb
7%
ll%-
•
preferred—^*,~*400'■■
pfd
IO73/4 108
'
18%
18 5/8
17
'
New England Power Associates.
N Y Water Service 6%
Feb
10%; Jan
112
1st preferred....—w—100
f,;.;//;///'
Jan
Jan
,22%
20
18%
1
?
Feb
3
107/a
Feb
,
Jan
Jan
17,500
13%
110
112/v
21%
Nestle Le Mur Co class A
<
203A Jan
Jan
143A Jan
Jan
Jan
800
14-.
: 3% - 4%'
-
12%
5
New England Tel & Tel——
Nem" Haven? Clock Co..
700
Jan
Jan
2%
32,200
Feb
85
'
■
Neptune-Meter class A
-
28sa; Jan.
22'A
30o
Corp
Feb,
20
Nebraska^ Power* 7 % preferred———100*
(Herman)
Jan
-
; 17%
Transits——^.—.^.12.50/.
National Tunnel & Mines common..—!
Nelson
25%
15%
National.
Union Radio.
3%
Jan
15
3,400
3
16
Feb
53
Jan
2% Jan
"
22%
National City Lines common—-....50c
National* Fuel? Gas
,j
——-*
National Mfg & Stores common——.1
National? Rubber- Machinery
———*.
t National Steel Car Ltd
—
National
19%
2%
15%
•
.;■/
1073/4
,100
6%
Puget Sound' Pulp ft Timber—
*
Pyle-National Co common
—...... $
Fyrene Manufacturing.;
.
,
It
z/43,,.. Feb,;.
Jan
——..23*:
——
44
70,600
Public Service of Colorado—?
I
7
Jan;
21%
National Breweries common...
.
14% Feb
—
Gas.
Feb
Jan
28%
Jan
35
10
20
Jan
32,600
Corp.
Jan
Feb-
22%- Jan
1,000'
•
3^/
2^
17
2.7%
16
?
Nachman
53
50
-
,
17%
of America—
1%
National Bellas Hess common..
10%
82
Corp of Nevada..—.
Providence?
Jan
Jan
Jan
8%
3,200
35;
;///
1
-
2'/a
——1
17
:
7%
27%
-
Puget Sound, Power & Light—
$5 prior preferred
-
8,400
>U!.■
Prosperity Co class B.
19%
9%
23
common-
1.44%
28
250
'
High'
'
Feb
68/a- Jan-
1,600
14% Feb
ft Alexander:
30
27°
Muskogee' Co- oommoa^, ,.*..~.»^.
9%. //•'? 8'/a
31%
32.%
6%? 1st- preferred;.—
i
50
83/4 Feb
/:
•
100
v' //'
Low*
7%
25%
6%
24
•243/4
Range Since January 1
High
Power? Corp of Canada,
202
4,000
,31%
149%, 152
—
6
14
Jan
16,600
9>A
10% . Jan
W-
:•>' 7
.
Pneumatic Scale commonu——-10
Polaris^ Mining Co—.,
Jan
/
4,000
5%
Pleasant Valley Winy Co.
,11%
75
49: '/•
8%
Jan
197
400
4%
—.100*
—-—*
Mountain- States Tel & Tel
/•:
5
common—*1
Mountain* States' Power
■/
2,4Q0
9
—————10
Mountain, Producers
..'v
m 90
Shares
LOW
20%. Feb
Zk 7,% Jan i
a 23.%
49
49
50
32%
v
<Jan
20,100;;
200
23
Jan,,
.15
for Week
Higlkt
tow,.1
11,000
13'A/
•
197
200
Ward A
•
—*■
Montreal* Light Heat ft Power——*-^*'
Moody Investors^ partic pfd—
Morris Plan. Corp of America—.*~.10oMontgomery
3,900/
8% ? 10%
5 '
%:&>.
9%
;
20'A
Sales
Range
ef Prices
Thursday^,
Exchange
Range Stnoe January 1
20.
50
30
17
18
Week's
wrt
Sale Price
New York- curb1'
:
a
30
Missouri' BublKr Service .common—,—*"
22
STOCKS'
Shares s
High
Low
Mountain City Copper common
Sales ;■/;•
far Week
'
245A
24 %- Feb
.
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
YORK CURB
EXCHANGE
4y/y yZ
RANGE FOR WEEK ENDING FEBRUARY 22
Thursday Week's Range
syy;..7y:y
New York Curb Exchange
i.TOC K
Interest /
Last
Low■
]r'.
5%
Standard Power & Light—
Preferred
■
Low
..
5%'
24,700
18%
21*
3
Standard Tube class B——
8
,
10%
Starrett (The) Corp...—....
3V4 Jan
7
160
171,600
9%3,700
14 V4
1%
6%
Jan
7%
21,100
Jan
K
York
34
ft Co common—
34
■':<
2%s
8,
f debs*—.*.-*
f
3%s
s
1 debs*—
Jan
3%s s i
27
28
Aluminum ProductsSterling Brewers Inc*.*—
Sterling Engine Co
**-„
26
27%
Sterling
12%
lnc_-
:
Stetson
(J B)
Bun nes
(Hugo i
9%
10
7%
—.
8%
■■
13%
23
'20%
Co- common—
Feb
3%
Jan-
10
Sun
Elec
102%
104% 104%
105 V*
106% 106%
101% 102%
106%
104%
—1961
4 y»s
;
.-*1970
40
,-
Common
\
1107% 108
Bell Telephone of Canada*-*
1st M 5s series B*——***,
Feb
3; J-D
•
5s
Jan
25
Feb
3%
Jan
44
series
C
Swan
Finch Oil Corp
*
Blckford's Inc: 6%s——
3
Boston
Edison
AS %s.
300;
J-J
■:'*
Debenture
5s—,
1958
Debenture
5&—^.—*1969
El Lt ft Pr
s
■■■;' 10%
,
28%
.•
,
Jan
Texas Power & Light 1% pfd
Texon Oil & Land Co**—
—9
50c
24
i22
109
1 ,3,
•; -v-
Thew Shovel Co common*—**——
Tobacco .ft
Tobacco
6
103'A 104%
105;.; 106%
3
105%
106%
105%n06%
H"
106% 106%
:
'/'
J-D
—
'•
1st
~
J-J
107% 109%
109% 109%
Pk
—
■
107%
;
losyviosyi--1*
14;
107%
105
*108% 109%
;
108%
V:V'*:'y-
A-O
126
125
■
Product
H
.-123
4
126
-
i:
1st .'mtge.'-4s
«
.....
Trans Lux-
,
;
V '/'•
f.
/
:
5s
Feb
.
*
52
3 50
Tung-Sol Lamp Work
ftOei convertible; preferred:
Green. Mountain Pow 3%
kygrade
Jan
g 14% Jan 3
./.17%: Jan
'
Corpj——
13%* J^Tt
Realization-
y 5% Jan
Manufacturing Co.
Gas
Union
Union Stk
11%
$ 8%
_
Jan
63
Union Investment .Co*—*
United
<13% Jan
of Canada—*——
Jan
Yds of Omaha.
Aircraft
Products—*.-^—
Feb
»
29% j Jan
"United Chemicals common-*..*—.
United corp warrants
S 2V2
United Elastic Corp.—
Gas
Corp: common.*—
United Light ft Railways—......
United Milk Products.——
3IV2
participating preferred--—
United Molasses Co* Ltd-—*
.*
10Q
United
25c
10%
Shoe
.25
Machinery common
•
S
U
Foil Co class
S
Graphite
B—
$5
1st
i
..If,
82%
48
46%
J
s
Jan
Jan
Feb
20
'
78%
Jan
84
22%
46%
Jan S
48%
Feb
23
Jl
21%
20%
.—.8
17%
16%
—
...
Securities
5%
6
preferred with warrants
_•
23 y8
3
10,100
93%
92%
I8y8
'
1,500
6%
.
850
Jan
3%
Jan
89%
27% Jan
;5
17%
Jan
Feb
New
7% Jan
•
95%
—
United stores common
3;
—*
United Wallpaper, Inc
Universal
Insurance
Products
tT*ah-Toano
3,100
5% v.5%;;
:
6%
6
a
.11%
10
26 %
_jl
;
_*
lOc
1
Feb
6%
•
>->
22
39
6%
4,200
100
'
101
:
1,400
23%
Jan
28
Nea
Jan
Jan
Feb
>
43%
# 5%
Jan
7%
24 %
Jan
',5%
Feb
v.;
4
Jan
100
Jan
-
-
104
Feb
preferred.
England Power 3y»s——.1961
England Power Assn 5s__—-1948
—»
1954
preferred.—*..*..—..
Knitting
West
Texas
Va
Western
«
—*_
MJis*.*—
Manufacturing
West
*
Utilities
Coal ft
fev;
**——'.
Coke*...*
2,000
600
8%
30%
V
5%
,1.28
....—*.8
•rr*.
Westmoreland Coal
.—.20
Westmoreland Inc.——
7
6%
-
59
9%
f
—
14%
Whitman
**;;
>
45
34
J
Products
W.'r-^lipeg Elec
Vv .-i.venne
Inc
common
Portland
1
Cement——*.*10
Woodall Industries Inc
Woutiiey Petroleum**,
Woolworth
(F W»
*
6ft
Wrurht
For
preference
——Zl
receipts
......
Harareave* ;Ltd_—
footnotes
2
...
v
18%
13%
;
34
see
page
103%
104%
43
j-j
46%
1107% 109
106
$104% 105%
104'A
107%
106%
F-A
Light 5s————.J955
ft
Power
—
M-N
105
Af-N
—1979
5s
•.
Elec
+107 %
25^ ~ "Z
400
20
100
13%
,14%
.
Jan
Jan
.0s
;
6^;.
'
16%
;
45 7
]
—
1057,
•
16%
Jan
12
13
300
11%
16%
100
8%
..
X5%
6 Va
■■
Counties
mtge
3s*
Jan
100
■
Spalding
4%
Gas
,
.
J-J
5s—1989
ft
Jan ,y
6%
Feb
debentures
*
*——1957
Standard Power ft Light ,6s.——195T
A Stgrrett; Corp inc As*
—J*—.—1950 Stinnes (Hugo) Corp—i
gold
A7-4s 3d
<;,-**
105%-107:
stamped**—*—'--—*1948
105
111%
125;
125 %
,99%
100%
/■>
4103
"
111% 1U %
?109'A —
.
107%; 108%
105%
107 ;
108%
111
—
104% 105
104%
108%,
108 »A
-
104
1717.
'105
'
J-D
Jan
,
.
M-N
———.—1951
6s..
Feb
104
169
13
106
Electric—
„.—**—Dec 1 1966
6s
Debenture
;
—
Fr.A
F-A
Debenture
16% Feb
"
A-O
6s
101%
167
4101
102 '
107% 108.
107 ' 107 "
J.J
(stamped»-———May 1948
Conv*6s stamped*—*———May 1948
Jan
7
A. Elec
105
4103
,
>'V<;
A-O
*
6s
'
34,700
(A O)
Standard
14%
Jan
15%. Jan
7 ■ 3 Feb
uas
17%
.
4
168
1125 y4.. **; 4. ■:
;
(Calif)—
Gas
>_.i—-
11% Jan
Jan
t.Jan
'
: 107
1 st
106 «/a
106% 107%
1106% 107%
A-O
A-O
Soumwesteru
Feb
12
.
1952
Jan
Feb
16
168
108
•
103
t;
;
8
106%'
101% 101%
"% ;
j'D
-
101
'8
106
■ ,106%
J-D
1979:
Feb
31 '
600
-
M-S
K i
22 Va Jan
800
5%
4%s————.
19
29
17%
.7
n
1952
.—3—,*, .*1971
Southern Indiana Ry 2%s..v— ,.1994
Feb
10%
'
J-D
' —' .'*
v
1951
Southern
Jan
13%
500
V
106
M-N
55
J
106
—1951
Scullin Steel Inc mtge 3s———
Caliioruiai Edison1 3s—. *.1965
Southern California; Gas 3Vis— .*1970
Jan
24'A Feb
;;
J-D
,
Southern
Feb
Feb
10%
7
A—.——*
Joaquin. Lt ft Pwr 6s 3——
ASchulte Real Estate 6s
—
Feb
Jan
16y8
16%
5 '/as series
113
105%
5
101% 101%
Af-S
certificates—
perpetual
Queens Borough Gas ft Electric—
,;,
108%
107%
16
107% 108
J-J
New Jersey—
San
18
■
16%
16%
of
Public Service
Feb
20
24
^
"2,025
10%
__£i
1st mtge 3 %s———-*——*1964
Sinking fund deb <4s—i——1948
?
Safe Harbor Water
37
-
Jan'
18
*
Jan
39%
;|3
107%
108
105%
—
-
stamped extended—**——-1950
Power Corp (Can 1 4 Vs s B.*—
1959
Public Service Co of Colorado—
j
5s
Jan
y155
Jan
40
!
F-A
107%
87
104% 105
107%
J-J
107%
87
.107
—
106 %
104
104
j-D'%;-:v*'**>3; 4105%
•
5%s——1972
Power
Coke Co—
103%
104%
105%
104
483
—
J'J
■
30%
,
Jan
46%
A-O
Feb
114
103%
46
0f:2
F-A
10%
>
46%
4s——1862
61%
;
:
106%
101%
3
105%
106%
102% 102%'
j-j
(part paid)
Ohio Public Service
Jan
J&n.
3105;;%;
103%
**:
108
Jan
8»A
;
.
108%
101
.52
104
7106%
101
107
Jan
•
%
Jan rl
24
50
Jan
39
;
Jan
Jan
140 %
400
„
20
,
'
Jan
113
28%
24
;
29%
13%
Feb
8%
—
18%
6%
1, 49
-
X*—
35)1— *** 200
450
43f—.
-•.-J*.— _;V:
'*>*>■>-
23%
114
,
Feb
108
103
Af-~N
101
QQ A
108
Ltd—>
American, deposit
,
—Zl—1
B——
I*
200
Feb
Feb
Jan
5% Feb
-
4,800
46% .47%;*
Wichita River Oil Corp..—10
Williams (R C» ft Co
•
WUlson
42
...11'.
(Wm & Co.*—_
vf
.,
-
5,100
10.%.;
;;3::
—10
w».v«nberg Shoe Mfg.—..—..
600
•
;
;• 9%
Jan
30%
600
14%
16% *'3,900
3155
155*..—*vV
20
1st pfd—100
Stationery cow——.*
6J/2
58
10%
20%
114
32
5%
/
6%
v • -
■
32
58
preferred-!..*
$6
Maryland Ry 7%
Western Tablet &
_
*.
''
9»/8
20%- 22%
,
.—.I*
Ward Baking Co warrants
Wayne
8%
loo
A—*—..**—
Class B—.
■
.
.
■i
7107
,
107%
103%
''-'V
98%
21
21
103%
A-O
100%
98%
51
>
X107
Philadelphia
WagDcr Baking voting trust ctfs ext
7%
'
>« M.
115
'
100'A 100%
M-N
112%
2
:
7103
108
100% 100%
■ ■
•
<
100% 101
Portland Gas «
Warn & Bond claad
y7
108'/a
106% 107%
26
106% 106 y4
115
107
27
107% 108%
115
100%
Pennsylvania Water ft Power 3yis_19H4
A; .3%S • ;
1970
Water Aircraft; Co.:;V:v "
5lQ3f.;tl08%
-28vir:.70% '72%
••
A-O
-
.
110
105% 106%
72%
100%
1st
Petroleum*....
Manufacturing
55%
31
Ohio Power 1st mtge 3 y**————1968
1st
mtge 3s—
1971
common*—..
$4 .lonvertiole
:
Vogt
106% 107
109
100%
Park Lexington 1st mtge 3s—;
.1964
Penn Central Lt ft Pwr 4%s—*1977
Venezuelan
60
15
H
M-N
A5%s series A
63''f*V
14
—
71%
106%
j-j
2004
>
•
47%
*103..
71%
Jtf-S
1»04
59%
•
.
*<W0O>^,:
^-100% ; 102%
,.v<96%w98ya
15
f
97»/a
'4109%
■
M-S
1948
Ltg 4s*
r 48
48
106% 106%
J-D
£1 Assn 5s**———1947
——*1948;
Westchester
43
.
*'
>:
MS
Pacific
▼aiettr Corp
1
.
J-D
ft
rv107;%>107%-'
North Continental Utility Corp—
Jan
Feb
Y
N
*'
1104% 108
—
i^o
1967
N y State Elec A Ges 3%s*
105 »A
4115 »A 118
...
f'f.A
Debenture 5Vas
Feb
22
;
-
,150
;
Jan
-
New
Feb
7%
•12 y4
Jan
36
10,400
5%
;
Jan
24 »A
4% ;5%
4%
--
22%
V
50
23%
6%
22
?
Jan
.
Feb
17
Feb
6
9
26%
39
•
Utah Power & Light common.,..*.
Utility Equities common..
...J.
$5.50 priority stock
4%
Jan
2,500
2,900
;
_1Q
——
13%
21,600
6%
12
——10
Co
nijgar
5%
16%
14%
^
50o
,
U "iversal Consolidated OH;
Universal
15%
57
1
106% 106%
J-J
1963
0s
52
'
: -.^1 2
.v-«n' 2
'
>
5s*.*.—1950-
deb
Conv
?
Gas
Amsterdam
52
450 ^ 53
106%
MS
A———————-——-2022.
-
New Eng Gas ft
5t
—*
Feb
:
U S Radiator common—.—,.....!
U S Rubber Reclaiming—
•
series
52
963/8
J.J
Nebraska Power 4%s————*—1981
6s
105%
;103'A 403%
-
A
-
-
*101% 101%
=
J'h
1956
4y2S—
McCord Corp deb
-
..
j-J
—...—1970
; /
•
54%
t52
J'J
2022
1969
Midland Valley RR— 3
,
Extended at 4% .to*:
Milwaukee Gas Light 4%s
Ja>n
vJan
106
52
52
S
.:3>^
Jan
•
54%
T-\
a-a
Light 3%s
a
'
106
52
J'J
^3--:;v
.«105y*
107% 107%
J-D
0s——*—
Kentucky Utilities 4s
4% Jan
12V'2
Jan
16%
5,700
17%
,
•
284
-
.
ioi% io2y3 '
70
' 75 1"
105%
103% 103%
$105/
J-J
Kansas Gas A Electric 6s—
Jan
-
:
103%
U'N
Kansas Electric Power 3%s——.1966
Feb
20
320—!*
1,800
V
-
105
105 Mf
Jersey Cent Pow A Lt 3%s.
Feb
3%
48
21
9%
11%
1,000—-
Jlf-S
Superpower 6s.
Altalian
Feb
1,275-^
3%
11%
•>'79%
80%
284
Jan
^
-
,,5
74
U04%-—
F'A
1957
5s**—.
Power
Debenture
a
Jan
150
w—
V;
..25
...
common
U S and International
•
•.
3%
11 lA
:
——1
.......
United Specialties common..
U
'•
.•••'
"3%
8%
v:io5^-:':io5%*;
•
'
t-
J-J
—
,
Interstate
-
100
9%
.
_10
Preferred
-
^Sharing..*..
preferred...
United
'"'■5
Profit
9%
~
•■
•
1950
1st den Arret 5s^—*1963
Kansas Power A
Amer dep rct& ord regis
United NJ RR&> Canal
•
•
B-i—;-^1957
5s—
Service
Indianapolis P A L' 3%s.
——r1970
llnternatlonal Power Sec—'
i
A6%8- series C.
-1955
A6%s (Dec 1 1941 .coup)
1955
A 7s
series E———
1957
A7s
(Aug 1941 coupon).
1957.
a 7s
series F
ii
—1952
1952.
a 7s
(July 1941 coupon):
1
-
•
-
li'j 1st'A ref 5 %s series
Jan
100%
108
1101%
•
I
A-O
Jan
52
1
$3
Jan
18%
..
tl05
A-O
'
—Jan 1949
Illinois Power Co—
t
138% Jan
United
i&SVWi "108%-
1
Jan
30;
I*.
-
108%108y» r",
J-D
J.J
106^07^-
t61>A
J-D
Food 6s ser'A—Jaw 1949 ;
6s series B
•t
Feb,
.
■
unexcelled
.1963
i
-003 V' 92
95
-
Indiana
Tlien
49%
105% 106%
$105^107
'3
J-J
Grocery Store' Prod 69——1953
Guantanamo ft West 6s_.
.1958
5% -Feb:'-
1
'•
72-, >'t 81%
'
-^^39%
a
12'
-
'J*?,;'*',
A-O
J-D
.
9% Feb
'Corp—
1
30
•
t
128% 128%
v-
188
Rayon Co 0s ser A—**.*1948
Grand Trunk'West 4s—*—-'**—1950
4% Feb
—
\
47
106 %
106
U
Bank—*v ;
—————1961;-;
*———»
Ga tirieau Power 3%S" A———*J—1960:
,116% Jan <
.
Stamped
A General
♦
"
Tri-Coatinental warrants——.
Trunz ' Inc———
iOdylite
MS
-~-
79%
46 Vt
46%
J-J ^ :.7
K;
111 %-- Feb ' V
Transwestern Oil Co*
J
{
77%
77,.
3 ,v
MS
;
Finland Residential Mtge
14%" Feb
•3;;;k 3 %• .Feb ,;3v
124%
1%! preferred——4.—L*——..
Tonopah Mining
Nevada
'*■
ser ^B—*—**—.^.1993
Eastern Gas ft Fuel 3%s——
1965
Flmira Water; Lt ft RR 6s—I95b<
y
1
"".i"
Jan
Af-S
A**—**.—**;1993-
1st mtge 4s ser
i
>
.7V'";-77 y-yy1:
-
•
r
;
Feb
Feb
9% Jan
Exports—
■■
!•
v
.
19%
Todd! Shipyards Corp*******:
Toledo: Edison
1
C
—.7
Delaware Dackawanna ft Western RR—
Lackawanna of N J Division— :
^
,
7iy# Jan
Amer dep rets ord regis—j—
Amer dep reca defr.nyg—^
■.
•
3 21%
Allied StocteB—.
Tobacco Security Trust, Co Ltd—
,•
Jan
■
Roofing The—
Tlshman Realty ft Construction*.—
!
>.!
■Feb,'.
,43
Tilo
;
104%- 106%
10% Jan
Textron Inc
3%s
•
:
Jan*
105
(Balt)-
series ,N
:— ..1971
ref mtge 3s ser P..—.—. ..1969
..1976
1st ref mtge 2%s Bef Q
Consolidated Gas (Bait City)—
,.1954
t Gen mtge 4%s
;
Jan
37
1
37
196
•
104%
105%
'
199
91%
94
70
5:71%
104
108
80%
92%
V 82 '•> 94 66%
73
106% 106%
104
115
105
451
92%
69%
A-O
—
113^
13
-*'A'
15%
*.—■1950
90%
92%
::: MS
W;F'
A-O
5s..
>
■
109% 11Q%
ll8
119'/a
118
107y« 108
-
92
31 Conv
deb
118
s~~~w{
—1954
—
§ A Chicago Rys 5s ctfs (part paid ).1927
Service 5s.—
Jan. 1966
:•
'Uii3%;^I;V,
J-D
Jan
Consol Gas
Taggart Corp common
Tampa Electric Co common—
Technicolor Inc common
v
'■
.: A-o
2%s——-
105
108
■■.',r;.;:3. .•'A'——i'-T'
Q-F
—*•
29%
—11
.
'
104
109% 109%
.
Af-N
.._*——
Bethlehem Steel 6s
Cities
:
:;i*j
104% 104%
-•
I
'f
123
103% 103%
T ft T aeb 5%n A
Assoc
200
34%
Machinery-*.*—4—
3— ——1
Portland Cement, Inc—
" 123
;
—1953
—
111%
124 v
109% 110%
—2024
*
3,200
Ray Drug Co——
Superior
High
Low
No.
—1970
I ACentral States Electric 5s—1948
Bull! ran
BigtiU
Low
—1960
Atlantic City Eleo 3y«s—
8% Jan
14%
2,400
43%
v
Sold
Feb
30% Jan
Jan
1,300
3%
-41%
Corp_*...*_„
Stroock (S) & Co common-
76.3 Feb
29
Range Since
January 1
Bonds
—1930
-
Feb
38
'
■
*..
Writing Paper 6s——
Appalachian - Elec Pow 3y«a.
Appalachian- Pow deb 6s.—.-
9% Jan
18
1,400
7,500
13,000
4,400
'
<
Thursday's
Bid ft Asked
or
v
—.*
deos—
Amer-
4% Feb
24 V Jan
400
Sterchl Bros Stores common*
bierung
Last
■'
Sal© Price
American Gas ft Electric Co.
Jan
14%
Thursday Week's Range
I
Interest
'
29
50
:
S
Exchange
■'
72% Jan
Steel Co-of Canada.*.—.....
Curb
Period
Associated
Stein,(A)
N D
O
Jan
•
23%
Jan
New
6% Jan
;
140% Feb
;:i8% Feb
;
900
4%
2%
aiSh
'
3Vs Jan
,
?.'■ 4
5% '
1,300
140% 140% v:K, 110
■
Standard Products Co.
Standard Silver Lead-*—-
Bonds
Range Since
Range Since January 1
Shares
High
4%
Common class EL*
j
■
B
or Thursday's
of Prices
Sale Price
Monday, February 25, 1946
A-O.
F-A:
,
3:
:■
101%
103%
I
*
AtO
/
95
'
~
442
96
49.
z .100% 103
100'/a 101'A
102
A-' 4'
101
138
0
39
103%
.;
3
i$;:
104%
103
:
.103%.
103
•
1
103% 103 >A
103»A
—
18
iol*%
101
101
101% 101%
104 y4 104 V*
103'/a 1()3%
-
104 y*.
F-A;
J-J
101%
—
-104
.; 78
96.
i'J •;
'
42
48.
::
THE COMMERCIAL & FINANCIAL
,Volume 163,1 Number 4467
.4
^ /."/v.
..•..ifci A.4iA'JMfc.
.
,
CHRONICLE
'
^ 'ij.t.N-<■*),*
•
NEW YORK CURB
EXCHANGE
'
RANGE FOR WEEK
ENDING FEBRUARY
22
'-'I'6'
BONDS
Thursday Week's Range
;^:i|%BOND8 £;■ .VM
New
Stlnnes
/
New
Bonds
Thursday's
Period
Sale Price
Bid & Asked
>/;;High
Interest
Exchange
Curb
York
Last
or
no.
United
Electric
United
Light St Power
•
N
U1949
4s—
J
105 Va' 107%
6s
series
Debenture
6s
a-o
;
..,•<',
Co—
;
-
.
income
West
West
1954
Traction
Penn
J-D
74"
108
J-D
/
1959
■
„
>._•tt08Va
^
:
123% 123%
F'A
5s__
102% 1
102% 103 Va
..
122
Thursday Weeks Range
Last " or Thursday's
•
Interest
Exchange
Agricultural Mortgage Bank (Col)—
A 20-year
7a ——-April 1946
A 20-year
7s
Bogota (see Mortgage
ACauca Valley 7s
bi
/
35
28
24, -
0
M-S
'±28
—
.
21%
i«51
;
32
,22%
33%
106%
A-0
J-J
.Jan 1947
Bank of) ' : 1948
±80
35
.
;
—
J-D
/ ±80
50%
50%
„
50%
50 Vi
30
20%
23%
1972
Interest
A5%«
Cash
reduced
to
37 %
sale,
x
±37
37
38
27%
V
12%
10%
14%
12 %
10%
14
Deferred delivery sale,
a
Ex-divldend.
,
:
d Ex-interest.,
e Odd-lot sale,
n
Under-the-rule sale,
v
and asked prices; no sales being transacted during current week.
1
/
"4
„
v
)
"
".vUEx liquidating cash dividend of $22.50, plus stock distribution.
26%
'■
10%
10%
(Reported in.receivership.
78%
26%
39
6%s—1919
—.——1921
'.
„
.
-2012
2%.
Government
-
±Thiirsday's bid
High
'78%
'
96
92
37%
ABonds being traded flat.
Low
—
26%
—
50%
±50
±23%
Rio de Janeiro stamped (Plan A)
Range Since
—
—
50%
—1947
—1931
-January l/;
Sold
No.
High
1947
1927)
•No par value,
Bonds
Bid & Asked
Low
Sale Price
Period
J?\
96
bU%
123%
102
r
Curb
High
94
90%
Interest reduced to 2 %s———2008
Foreign Governments & Municipalities
York
stamped
Mortgage Bank of Denmark 5s
Parana stamped (Plan A)
108%
A Russian
New
Low
97
90%'
a
—
J-J
1952
stamped. 1958
Mortgage Bank of Chile 6s
'■;#
BONDS
January 1
■
81
107% 109
*108% no %
A-O
5s
Western Newspaper Union-—
6s conv s f debentures
7s
A7s (issue of Oct.
80
78
79
M-S
__1964
3%s—.
Electric
Penn
No.
///"
Mortgage Bank of Bogota—
v'l A7s (issue of May 1927)
114% 114%
114%
2022
A
debs
Water Power
•
/I-±94%
.
;> F-A :>
1953
Range Since
Sold
High
108 Va 108 Vo
r
A
A5s
6,%»
M-N
Bonds
stamped (Plan A)
'
,
Interest reduced to 2%s*;ii>l2008
AMedelljn
Waldorf-Astoria Hotel—
WaBb
—.1955
p. Extended /5s———
Danzig Port St Waterways—
v.
series
Thursday's
Bid & Asked
Maranhao
.—1959
(Maine) —
A———————.————,——1950
Utah Power & Light
5%s
ALima City (Peru)
United Light & Railways
*
or
Low
pi A External 6%s stamped
J-D
'
Co-
1st lien & cons 5%s
:
*
j.j
3V»s.
Edison
Last
Sale Price
Period
Danish
13
■
Toledo
Thursday Week's Range
Interest
Exchange
Low. High
>
4
/
A-0
-1946
Curb
January 1
Industries-*-
(Hugo)
A7-4s 2nd stampe<
York
Range Since
Sold
Abbreviations used
*
-
abovfc—veod/'' 'certificates of deposit; "cons," consolidated; "cum/* cumula¬
tive; "conv,M convertible; "M," mortgage;-"n-v," non-voting etock; "v t c," voting -trust eertiflcnteaj
"w i," when Issued; "ww," with warrants; "x w," without warrants.
OTHER STOCK EXCHANGES
RANGE FOB WEEK ENDING FEBRUARY
.
22
Week's v r-'Sales
Thursday
STOCKS*
V
Last
'
Sale Price
.
stock*
•,, :■ r
*
p.-"p
r
■-
■
t
•
,
'
'
V
+ J.v
Last.
Sales
Shares
RangeSince January 1
'
Low
'Aruddef Corporation:: JL—
High
Low
■
26%
28
'
28% Jan
„
'
Bait-Transit Co common v t o—
5
215
30
212
-30
Eastern Sugars Assoc- com vtc,i—A.^.1
17
225
%' '■;<>
*:-f
c—s-
'•(}4'f C'
y
171
15
J!A:;;cias8 B
15
3
3
-
'
>
20
•
,
>
6.75%
Jan
Jan
,15%. Feb
-
3
101
Feb
"
50
1Q0.
-
Maine Central' BR
5 & preferred
<
Feb
,.
46
v
14
common,..i—.
i,396
r
54%
i.
Mass Util Associates v t c
Mathieson Alkali Works-
.
Amsterdam
New
—30
56
56
?
34%
120
75 c
75c
158
51%
52%
"U
60
34
380
;• v
2
Casualty
American Oil Co
U S
25c
L
•'•V*
'
Rac'g
100
,
50
135
Jan
Service
4
i;|
Jan
—————50
Fidelity St Guar
w*
'-V
i
47%
Jan
'
Western National Bank————20
v
.5% %
Assn
InC—!
525
Cos—
^
17':, Jan
7,120
..
::.1% Jan
1% Jan :,,;
Pacific Mills
Pennsylvania RR
Quincy Mining Co
88%
44
Feb
Mt Vernon-Woodbury
'.
Hole
Button
Reece
Folding
$2,500
87,
Jan
91%
Jan
96
14,000
94
Jan
97 Va
Jan
"
:
,
73%
Mills Inc—
102
102
99% JtinJ
2,000
3"102% Feb
Twist
44
Fruit
Shoe Mach common
Boston Stock
Week's
Thursday
Sale Price
-
Sales
Shares
of Prices
Par
High
tow
40%
40
52%
51%
American
Tel
lOu
192%
American
Woolen
-—•
44%
42
Anaconda Copper
....^..50
48%
46
•
23%
23%
23%
Bird & Son Ino
Boston
St
—
Albany RR—-—100
Boston
Edison
Boston
Elevated
Boston
Herald
Boston "A
Maine
Common
0, 7 %
Corp
RR—
stamped
i
^
class C
X/*
fiA
St Hecla_..«——
Calumet
Cities
Eastern
Gas
6%
8%
5%
—100
First
Public
National
General
134
38% Feb
;
Service—
8
9Va
88
67
25
-
Class
Isle
Bakeries
B
100
-16
•'
f
Jan
Jan?
-
f
21
Jan-'"
f
24
139
20%
Jan
>
18%-
246
18
Jan.
64%
61
64 Ve
219
56
Jan
:
■.<14
120
10%
12%
28%
28
32%-
•
7'J;
SSiS
101%
-
Kennecott
,-rr-
•
114
r—Z'-X'
128
337
For
footnotes
l|I
28
100
•
Adams
Jan
Admiral
21
/
/ Jan
22%
Jan
Aetna
34% Jan
20%'
Jan
Feb
Jan
Jan
Feb
52Jan
39% Jan
■,
64 Ve
1%
12%
Feb
Armour
34%
Jan
Asbestos Mfg
2
Feb
Feb
Castings.———.—>5
common—*—*
70 A
70%
,.••>150;/
Feb
65
114
107
&
Co
33
350
20%
700
79%
'•'">•
115
Jan
30%
Jan
20
•
-
131
-I
Feb
Co common.
Automatic Washer
Jan
Feb
35
"
Belden
Feb
37%
531
:
33%
Jan
39%
Binks
Feb
12
15
4
',:
62%
51%
-
33 Va
—
11
13.
394
:
'
54%
Jan.
2,759
:
!' 22%
Jan
U
/
Jan
=
1
64 Va
1
535/e
2%
:/
4
51%
3
•4%
57%
v
605
532
780
-
1%
'
Jan
3
Jan
Feb
33 Va
Feb
48
Jan
14
"
.
191%
6%'
———-1
;
8 '
-<
<
6%
16%
17
—4
common
13%
7
8
13%
12%
11%
10%
20
Feb
51%
Jan
200
200
10
100
<
7%
19 ...
.
14,050
1,350
134
<
Feb
Jan
Feb
193%
Jan
Jan
5% Jan
15%
Feb
12%
,
Jan
16
7
■
2,700
'
Feb
191%
2,550
8
14%
Feb
25
60
Feb
127
Feb
56V8
50% Feb
2,800
15
Jan
14%
.
Jan
13%
Jan
.
Feb
20%
Jan
1,700
650
60
60
50% 51%..
133% 133%
191% 191%
19%
-
17 V* Feb '
1,050
25
14%
Co
common
»J5)f
common———.i'V.
Co
l(f£
1'^
common
Brewing
Corp
./ Jan
2
Feb
Mfg Co capital.——————1.
7% Feb
'19% Feb
-
:
•
8%
Jan
14%
Feb
-
9% Jan
20%
36%
24%
15%
20%
38V}
24%
16
23
.fM
xl6"
23%
600
650
100
850
..
Feb
21% Jan
' >
19% Jan
38 Va
-
^
Common
J
Bruce Co (E L) common..;
Piston
Ring common.
Burton-Dixie Corp
Butler
Brothers
23;
Jan
26%
Jan
Feb
173i
Feb
20%, Jan
27%
Jan
15%
.
Jan
23%
2,550
22
14%
19%
;>
Jan
..
Feb
Castle & Co
(A M) common...
Jan
Jan
33%
Feb
ll7/a
'
—
Feb
45%
.
U
36%
:
Jan
27%
Jan
32
;
10
—
Feb
55
49%
_
4% Feb
58 "1
Feb
34%
19% 22
3,800
> 49
Jan
—
49
49
30
43
Jan
43
43
30
30% Jan
32% 32% '"•-••• 300.^
> 9%-Jr,a
u.—-—1
UTa .» 11
11%:
1,550
43
Jan
;
5 >• 44
t
43% 44%
290
10% Jan
1
>'15
14V8 15%
750
22% Jan
,_12%
24%. 25 - / <
500
25 Va Jan
..10
28
>
28
30
700
Borg (George W)-Corp
—10*
Borg-Warner Corp common.———d
Brach & Sons (E J) capital———.• ■.
Brown Fence & Wire class A pfd
* > '
Feb
51%
46 Va. Feb
-731
310
•
22Va
80
Jan
34%
29%
Mfg
Berghoff
> Jan
25
35%,
46 Va
22%
■
900
13ys
14
Barlow & Seelig class A
Feb
58%
11%
12%
.
5
common
"
13%
,
High
low
19"
17V4, 19%
17% Jan
•
103% Feb
Jan
115'
160
131
19
18%
—.10 .;
——*
—100
capital^—-.100
Aviation Corp (Delaware)——...—3
Jan'-'''
19
Ball Bearing
Jan
46
;
Range Since January 1
Hiah
Products Corp common.
Allis Chalmers Mfg Co
American Public Service pfd
Feb
Jan
48%
Sales.
for Week
Shares
,
Low
Corp common—.—.^..—1
Allied
40%
58%
Week's
Range
Allied Laboratories common.—*
Jan
>
31'A
1065.
2Va
155
;
49% Jan
1,271
Va
of Prices,
common———*
(J D) Mfg
Advanced Alum
Jan
-v
305
•
page
203
39
Sale Price
.
25
45% /v.
•
52
35
:
3s.
23 /' Jan
20
99
425
20
23A
see
conv
Athey Products capital
2
32/
A
Copper
18
50%
363/8
par
Jan
8%
1,165
101% 103%
70
1—
Copper
345
20
Last
Jan
44%
—
Roy ale
83%
.
Jan
19
Thursday
20%
•
18%
•
class
151
18%
STOCKS—
Burd
Hathaway
74 Ve Jan
1% Feb
:
40
:
.
Feb
'
Chicago Stock Exchange
91
Jan
44%
—
100
1%
155
Jan
48
*
Jan
..
16% Feb
Jan
13%
345
ij
■
Feb
-14 Va
390
19
9Ve
*
Stores——.—•
Electrio
Gillette Safety Razor Co
1%
-
71%
155
Jan
43% Jan
.
22%
•
—
235
•••«•
Jan
82%
1
-
79 Va
|
65% Jan
.
Feb
49%
18
100
Employers Group Assoc
Engineers
-
40
20
—100
common
76%
46% Jah
;
•
22-
•
"
& Tel
Bastian-Blessing
100
85
97
Feb
83%
Jan
Feb
'
series A—..
Lines Inc
SS
44% „Jan!
80% Jan
American Tel
American Tel & Tel Co
—100
preferred class B
pfd adjustment
Eastern
>146
Jan
136
-
279
1,937
22%
—10
preferred
1st
205
,
18
Associates—
4%% prior preferred
i
6%
preferred ——1
Eastern Mass Street Ry—
23% Jan
640
ll3/a
Co
Fuel
^
;»'18;>r
19
BONDS—
Jan
V:;: 19
—io
St
24
;
i\-
1
Service
Boston
East
'
'
56%
51%
80%
19
1st pfd stamped
1
70%
.
Jan
118
Jan
Jan
10
100
pfd stamped—100
Prop Trust
& Providence RR———100
*
Jan
43%
38%
85
luo
Personal
'•
30 Va
9Vs
class D 1st
Boston
48%
517/a
48%
i-:
—
10%
66%
.a:
V 31%
?
Feb
82
—
5% class A 1st preferred——100
;;Vl
Stamped
100
8% class B 1st pfd stamped
—100
Boston
195 Va
45%
;
"> 1%
Jan
81
^
prior preferred
187%
142% 145
—100
—
Jan
46 Va
•
High
Feb
507/s
81
——.—^—100
Traveler
46% ::.47.;/v
76%
Smelting Ref & Min corn-
78 %
275
8OV2
69%
Westinghouse Electric Corp
45% Jan
58%. Feb
40
54%
189% 195%
145
25
Ry
Low
-•
sl43 %
•
100
Tel
U0%"janl/
'
American Agri Chem Co com
Sugar Refining
American
Range Since January 1
81
38V$fj j&Or.
i 25% Jan
47
—-—.
Holding Corp
Vermont & Mass Ry Co—.
Waldorf System Inc
Warren (S D) Co—
Range V for Week
Last
,
STOCKS—
.
Feb
47
121
787
31%
81
Venezuela
Exchange
145
46
112Va 116%
115%
S Rubber
U S
1
29
29%
uli
Co———ILlw;..
preferred
Jan
ha-sTor-
Drill
Drug Inc
6 fo
Feb
23 Va
-
,
Jan
3%
'19% Feb
•
41%^%P ££: > 43% Jan
United
tT
Feb
Feb
Jan
4
l%JF.eb
TorrlngtonCo-—Union
>.
17%o Jan.
19%) J»n
—
47%
.6%
17%
Jan
Machine
pfd—
& Webster
Stone
.
Jan
''Jan
RR 7%
United
St
15
>
...
United
:
Jan
3%
"2
Mach,
I 80% Feb
Jan
>.41%
—
—
v'
26-yr debentures (subordinated)-
4%
89
'95
Jan
2V» Feb
10% Feb
'
'
Reece
Rutland
Baltimore Transit Co 4a—.^.^979
5s series A
—1975
* Feb
112
133%
Feb
Jan
Shawmut Association
fe
Feb
23
Jan
25% Jan
,
22% Feb,
.,
1^..——
preferred
Jan
.52% Feb
: 44.
44 '
Jan
New England Gas & Elec Assn:
56
Feb
Feb
34 Va
77%
30% Feb
.
>.,71
New England Tel & Tel
North Butte Mining
90o
Feb
70c
Feb
56Va. Jan
;•
'$>•■4":-Si Feb
84
76
...
377
37
Feb
34
•
Jan
"M.;.4y\"'
Narragansett
102%»Jan;
*
North
Jan
14
Old Colony RR—
National Marine Bank
High \:
13%
47
V
i.' Jan
11% Jan
270
.
.
'Mm
——
—
4
Nash-Kelvlnator
Jan
21
-
/:
■;£.
,
11% Jan
50:
-
,>•4';- Jan.
Feb
47
^*.1%
Feb
175
;
Feb '. -15
15
LOW
13%
47
«r'*» <■*»* MM*
Range Since January 1
High
13%
common—
Mergenthaler Linotype
■'
''Jan-V
14 :
i
:
159 "friv. 16% tJan
20%
101
—300
prior pfd
cum
5
25
; 3
V Mt
r
168
98
.
.
Jan
19%
:
•
i
(Del)
6'/c>' preferred
National
Maryland de Pa RR-—i—100 .
Vernbn-Woodbury Mills—*" ±"*
V
Common ———.20,
,
,
15
15
"Jan
-
34
-
15% Jan
25
15
(
6
;
Feb
■
of Amer class A common_5
Finance .Co
;
•
v"
Fidelity St Deposit Co——1—L—20
-
Jan
5
.100
..^-Preferred it
Lamson Corp
Shares
High
I
Jan
25
425
.
"
Low
for Week
--
of Prices
i
'
Week's
v";RanfO
.
Sale Price
'
'
t
-
Thursday
,
-
i for Week
Range
•of Prices
41
41
200
33 Va
Jan
41%
nil
lJan
Feb
.
THE COMMERCIAL & FINANCIAL
CHRONICLES
Monday, February 25, ,1946
yy
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING FEBRUARY 22
Week's
Thursday
Last
'v'S
of Prices
✓
Low
Central 111 Secur Corp
:•> k-
ft."*•'■ j-'v
—
Flexible Shaft common—
Chicago Towel Co conv preferred.
Chrysler Corp
common
'
common
8%
14
Feb
Jan
8%
"•;v" 400
93%
28%
A
—
.500
7%
Jan
34'A Feb
25'A
Jah
Bethlehem
32%
17,100
31%
Feb
35%
Jan,
Curw8s-Wright
*650
19%
Feb
30
Feb
100
30
20%
20%
-40%
100
25
v
Jan ;
General
Jan
Interlake
.
30 Va
JJaxi
*20
loo
40%
—6
20%
42%
Jan
Steel
Corp
of
Mills
Feb
>Ja;ii
Jab'
52
y.
10%
65% Jan
1,100
34'% 36
106
106
17
17%
16% 17'A
300
.
33
39% Jad
'37
Jan
Jan
104%
10
Jan
106
Jan
17
Jan
19
Jab
'350
16%
Jan
*17%
Jah
350
10%
Feb
.
'
1,350
ll7/s
Iron
Co—
12%. Feb.
1,600
23
43%
Jan
Feb
51%
1 Jan
18
4,600
51%
Feb
Jan
110
Jah
94%
Jan
106
Jan
104
J2
•9%
11%
7%
Jan
12%
Feb
47%
10 %v
48'A
51%
46%
1
Corp 'common—«—i*
Feb
Jan
51%
13% Jan
20%
Feb
200
39%
Feb
44
Jan
1,500
1,800
22%
Feb
25%
Jah
29% Feb
35
Jah
200
58% Jan
71
Feb
64%
:•
—
23
w:.;
Jan
67
Feb
—,
—
Corp—
————ftNew York Central RR capltal
, ,.,^*
Feb
Dec
.50
Pullman Incorporated
*
39%
41%
22 Va
-29 %
66%
'66ya.
.25
33 %
67
*
—
16
:
39%
23%
30%
—1
Feb
Pure
y30
Feb
Radio Corp of America common.
15%; 16
f
;
(Glenn L) Co common——1
Martin
.104
.
30
46%
:
1
—
Electric
x20%
47%
100
8%
Feb
28%
28%
56%
'59
61
Feb
Feb
21%
21 Ve
23
i;ooo
21%
Feb
23%
Jan
17 Ve
18'A
40%
16%
Feb
19
Jan
35%
16%
34%
1,500
Republic Steel Corp common——*
*8%
25
•
;•
2,900
30
Jan
40%
Feb
68%
1,000
65% Jan
69% Jah
29%
28'A 32%
—:'";v—
800
28 »A
Feb
34
Jan
66 %
Jan
72%
Jan
Oil
Oo
(The)
common
Standard Brands common.*.
*
-
BtudebakCr
—
_
Oil of N J„———25
Standard
Dorp common——1
U S Rubber Co common—————.50
65%
-
—
JO
Cincinnati Stock Exchange
Brewing common—*.—1 %
common——5
Corp common
—1<
General Amer Transp
Finance
Thursday
Motors
•
stocks—
Corp common——10
Co common
1
Razor common
*
''
Week's
•'*.
common————'*:p
Gossard Co (H W) common
*
Great Lakes D & D common——*
'Salea
-
for Week
Shares
of Prices
Range Since January 1
•
Low
American
*
Range P:
Sale Price
•
Refrigerator
Safety
>
Last
Preferred
Gillette
*97%
-42:
5
Inc
America
Four-Wheel Drive Auto
Gibson
Jan
Dredge &
& Connell
Fox (Peter)
General
34 y4
common—
Co
General
■
•
35% '39
22%
.50
common—I*
Faramaunt Pictures;lnd
7%
Jan
•49'A^Feb
49 y2
k
109% Jan
Feb
Jan
39%
50
104
30
Jan
39 %
39%
49 %
—
Nash-Kelvlnator
Util Corp——-5
Elgin Nat Watch Co—
15
Flour
Copper Mining—
Atch.Top & Santa Fe Ry com
Feb
50
79%
200
100
96
-39%
,
—
*
com——
American Radiator & 8t Ban com—*
18%
104
*1,600
87 Ve
%
—
__
common-——*
Jan
9
19% *21%
100
(new)
Feb
High
*■
;.v;rtiraiiste4'^sfbekB--*^
Jan
200
common
Simons
YatesrAmerican Machine 'capital.
21%
Electric Household
Dock
Feb
Jan
y400
;
9
30
Jan
26
'LOW
60
—
Fitz
Woodali : Indust
Bankshares
31%
25
—1
*
•--*
25
103
100
Mfg-;-;,
Common-'.i-^^u»--^--w--—35%
Wieboldt Storesvlnc common.
34%
'Cumulative prior preferred-——~
Wisconsin
48%
100
26
89
*
Jan
,65
108
26
—
1!
Range Since January
;
High
108
——
Jan
10%
•
how
'
Feb
22
Shares
yyestinghouse Elec
Jan
.16%
4Sale Price.,i '»of Prices
.
Walgreen Cp common.
^
:*'
Union Telegraph tcommon—100
if.1
Jan
\
Western
18%
.——-—*
Dodge Mfg Corp common new-.
—10
Doehler-Jarvis Corp
5
Domestic ^Industries Inc**class
Co
&
Deere
■
-
800
32%
28%
*
Co com
cumulative .;pfd
Feb
;;; 300
45%
X125Y4 130'A
/
Cudahy Packing Co—
4%%
196
p.
Sales
,,
for Wee*
Range
capitaL——J* v>
Anaconda
Co com part shs vtc
part shs vtc B—
Co
4oo
115% 117
115%
Commonwealth Edison commonConsolidated Biscuit common—
Common
Jain
20,150
.,
Co Inc.
Coleman (The)
Consumers
9%
common
Club Aluminum Uten
Crane
40
,21%
Chicago
Co
Feb
20
100
14% 14%
21% *22
9% 10%
62% '63%
—
.
V1
Chicago
Service
124%
'."•f
42
Corp common
Cities
Jan
Feb
184
2,120
63%
Pr & Lt
Feb
13%
o
pfd
Central States
Cherry Burrell
Corp common
Convertible preferred
194%
190
191-V
—
••
Week's
t
War
Feb
5%
25
Jan
10%
:
-
'
United Light •'& Rye w 1——
U 8 Steel common—:—.—,—
115
.
'STOCKS-*pv- /:.(
•■.;
;
i
Union Carbide & Carbon
Jan
'21
200
.'2,000
V 30
-J
Jan
113
4% Jan
1,300
5ya
24
12%
123% 124%
12%
■
High:
Feb
xl07
130
409%
4%
;:
Preferred
Low
23
10%
common-
preferred
Convertible
Central 8 W Util common.:—
Prior lien preferred———-
Range Since January 1
High
*i(yi
$6 pfd
Central Illinois Pub Serv
/;..;;v.;i'Thursday,
pp.;
Last
(or Woo*
Shares
Rantfts
Sale Price
STOCK8—
Ur ■-■''■■i-'}}
Sales
Laundry
Machinery.
High
42 ya
High,
44%
46% Jan •
Feb
42%
75
Goldblatt Bros Inc
Champion Paper & Fibre
*
Cincinnati
5
Ball
Crank.
Harnischfeger Corp common—---10
Heileman Brewing Co G capital
1
Hein Werner Motor Parts—
.-8
6%
Indep
Prod
Steel
:
common———*
preferred—50
6% preferred __—4.
—100
Kimberly Clark common-,
—*
Kellogg Switchboard
Kentucky Util jr cum
La
Ext
Univ common——:
Co
Salle
Leath
13
15
Feb
55%
55%
Feb
111% 111%
111%
14%
55%
*
111%
Feb
y
-5
10%
common
&
14%
/bby MoNeil & Libby common——-7
Lincoln -Printing Co common
1
r
tS3.50 preferred —
Lindsay Light & Chemical
Field
Marshall
19%
Mfg
NationaL Pressure Cooker comftton-—2;
-
National Standard
Illinois
Northwest
—10
—20
-*
common
American Car
Northern
common
Corp
-Bancorp
common
•'
Columbia 'Gas
Feb
Crosley Motors
Jan
General
Feb
>50
Jan
Standard
8
Feb
12%
7%
pfd
Circle
Co
.Potter
.
13%
130
30
17%
100
11%
9JA
Jan
11%
108%
Jan
23
24%
24%
Jan
47%
93
48
48
50
B—iw—;
common———1'
22%
23-
8%
29
.22%" IFeb
7%
9%
29%
26 %
25
:9%
Jan
29%
Jan
10
3*3%
-200
'27
250
31
24'A
300
•45
2,600
10%
.9%
550
12%
Steel Strap Co common-—„*
17%
"
17%
8
2
33%
37%
21%
24%
38
38'
Sterling Brewers Inc common—
ibundstrand Machine Tool common
12%
Jan
Trane
Co
(The)
common
see
41%
page
Coaoh &
Jan
33% Feb
27%
Jan
34%
Feb
14
Jarf
26
11%
13%
17%
115
73%
79%
•440
21%
95
36% Feb
21% Feb
•
-
9% Jan
629
y
.
16%
73%
•19%
Feb
Feb
Jan
Jan
45%
45%
15
43%
Jan
48%
Feb
64%
10
63 Va
Jan
65%
Jan
Week's
Range
rn
for Week
Sale Price
-of Prices
Shares
'
Sales
Range Since January 1
-iJDAW
High
Low
8%
8%
mtahv
/
-
17%
18
al90 al95
17
155
191
<8% Jan t18
Jan
6% Jan
/
130
'Neb'
9
-8ya Jan
3 225
9
a7%
aT
.
.9%
9%
Jan
preferred—>.^,...*
5
Cprp common
Feb
RR
———
Nayigation———5
~i——_4
(Un)
Jan
Feb
.
Jan
Jan
Jan
y 20% Jan
,50
1,800
100}
25,
Jan
200
22%
Feb
450
21
Jan
18%
21%
1,300
18%
1,000
40%
55
6
com—*
53
■
;
Jones
Feb
-Kelley
44%
Jan
9%
v'„
Feb
Feb
,22
37%
Jan
55
-Feb
61
-Jan
Jan
27%
27%
150
52
53%
250
51 Vi
54%
——.—*
^
*
'
'
64
80
67,
67
,
766
7
10
Cement
Jan
68
J&n
Jan
23%
Jan
Vi Jan
80%
Jan
52
Feb
4
/
J;
46%
Jan
73%
Feb
80%
Jan
80
39%
Feb
y 45%
Jan
213
36%
Jan
45
58%
Jan
22%
Jan
:
40JA
a60% a63%
45-
24%
*,.
185
-
'
30% Feb *
30»A 30%
20
70
Reb '
70
70
4
31
Jan.",
36JA 36%
130
65% Jan/'
.4"! " ft79%'A77%
-85
13% Jan
iA al7% a20%• 70
•41 £ Jan
44% 45 'A
• *583 •' '
' p • -p;'?
A, H
40% Jan
47% 47%
-485
15% Jan
16% i
16% 17
1.300
LeMur'Class
Brass
:—;—* :
Packer
Patterson Ba'rgent
.
1
;
—
—.—:*
0
:•
636
-
*14 y4
=40
33
Feb
Jan
,78
36%
Feb
'>84%
Jan
20%
Feb
45'A
Feb
v
,
•
•
i
•
53% Feb
17%
17%
Jan
"Jan
:;
19 - 19190 P
32% Jan
a36% a37ya
> 45
6% Jan
7% -li
7
*
7%
J.^235
16 - Jan.
:
7:V al8% al8%.-'-i';"—.J.0 tU
29% Feb
a29'1A a33%,...... .235 .7,;
Jan
Feb
> '47
Feb
19
Feb
.•
39
Feb
v
a38% a38%
*
—-
250
47 :
Jan
—
(Un)—;
'(Un).
Corp
16%
46
16% Jan
—_*•=/
A—*5—i—
i* > •'•
class B
Oil
16Vz
46%
Feb
26
—
,
-
•71% Jan
:
.
Feb
1 71
455
a43%'a45ya:
24'A
10
'
Feb
Jan
,
\ T73
a48
a51%
a74%*a79y4
^
.17
275
;
9%
8% Jan
-95
40%
{
_j,
„
Tile &. Mfgi—
Y Central RR
Dhio
Jan
L & T
Portland
' National
N
30
43
'
100
^
__
.
Metropolitan Paying Brick
National Acme
.
Ohio
25 V.
Island
Nestle
•41
200
'.•:. '■■■:■
& Laughlin
tMedusa
Feb
25 >A
•■
Lamson Ac Sessions
-
Feb
247/a
-52
.
Jan
L
Feb
',
50
26
•Jan.-'VV:
26%
24
8%
40%
—*
Steamship
•<
£%
•
Feb
98
245
1,021
-33%
a747/a a74%
,
-A
j
Co
Interlake
Jan
Feb
*
al9% a2iya
^
(Un)
i—,—*
Goodyear Tire *& Rubber tcommon—w-* v
Gray Drug Stores—i
? ;
Great Lakes Towing common—100
^
Preferred —i—£,-4—100.
Halle Bros, common———
—5 Glidden
Jan
"39% Feb
26
48
.
67
—*,
Jan
8%
400
f
Feb
Feb*
Jan
67'v
.
Jan
v
P
34%
8%
,
25 y4
28
Feb
102%
Jan
a637/a a65%.
,
45
•:6v) Jan
35%
30
„
Jan
•
Jan
8%
•
*
Feb
37%
/.
28%
26
21%
Jan.
1,000
y ,150
168
a45%'a46%.
.
37%
p 350
12
98% 100
..
-General,-Electric; (Un).i—
ti.,.*
/General Motors
—-——10
General Tire & Rubber pommon.——5
Jan
Jah
30%.
^
a——
(UN)j._v—.25
Feb
87/b
98%
*
:.*•;
——
Feb
195
187% Jan.:
65
a32% a34%
.
Commercial Bookbinding
——*
Natural GaS———IB
Mfg
,
alO% all%
'
:
Industrial Rayon (Un)jy»—t~.-—^J* :
Interlake -Iron.CUn)
—:* /
23%
39%
'
Consolidated
-
Jan
25%
55
.
Refractories—T.—————■1
City Ice & Fuel——.—-—-.—*;
•Electric Controller
20%
-
Feb
80
23%
:■
64%
Body^——5
•Detroit & Cleveland
Feb
22%
39%
1965.
Jan
28%
111
S:'
-Easton
17%
24%
25
208 South La Salle Street Corp
For -footnotes
39%
55
;
17% Feb
-'•y'li.V-i)''':.• *
19
27%
794
Bearing.
Feb
31 Va
-8%
25
—
-
Corp capital
8
Feb
32%
Brands
Roller
Jan
3,400
.26%
.7%
10
Btorkline Fur Corp common——
Swift & Co capital
26%
common——5
Stewart-Warner Corp
Texas
650
19%
19%
10
1
52
33%
75%
Basic
,
Oil of'Ind Capital-.
Jan
21%
American
;
Standard
Feb
50
>
a
36%
Mfg.
—.—;——
:50c
AUegheny Dorp *—1—,——-—1
•Erie
840
.—.20
—-—1
52
28%
■Akron Brass
Feb
preferred
42%
•
Feb
Jan
Dredge
-Common —- J
Jan
12
.
Feb
Jan
Standard
Ffeb
32%
362
16%
Cliffs
Feb
—*
'67%
30%
n
Cleveland Cliffs Iron
48
Sputh Bend Lathe Works capital
Spiegel Inc common
t
Bt Louis Nat Stockyards capital
Feb
Jan
33
——
Feb
SO
Corp
Feb
62%
Thursday
.-'Last
118% Feb
42%
Sangamb Electric Co common—
Schwitzer Cummins capital-.
—wl
Sinclair Oil
Jan
8%
•
•TOCKS^-
Feb
Packing
Bignode
Jan
70%
Jan
Jan/
6% Jan/
; 150
41%:-;
•
11
30%
•
29%
66%
52
American Tel & TeL————.100
93
*
1
64%
30
8%
34% Jan
Jan
1,168
30
Feb
8
Feb
47%
Roebuck & Co capital—L
Corp class B common
9
Jan
49% Feb
.
Jan
28%
100
66%
Jan
Jan
6
Cleveland Slock Exchange
Feb
40
common-——i———10
Raytheon Mfg Co. common—^
-50c
Sears
44%
10
:>
40
' i
'J.
51%
1
Jan
90
Serrick
*»■
32%
•Firestone Tire & Rubber
•Rath
—
Jan,,
29
Feb
Jan
55
51
11
"K
Feb
4%
.
Jan
28% '
Motors
Timken
Jan
42%
&
>■
Feb
Jbn
61
Feb
55
>
531
66%
Feb
21
30
20%
'42%
23
Pressed Steel Car common—————1
i
Par
11^200
'
43%
(The),
'•
31
8
Rolling Mill
Feb
50
capital
100
(The). Co-—-—-—* ;•
class.
Poor: & Co
27
•
117% 118%
Peoples Gas Lt & Coke
Jan
,
37
Jan
4%
■
100
64%
65%
Feb
170
45Q
200
Feb
20%
10%
capital
Pennsylvania RR
Perfect
T,350
15%
Jan
24'A
101
Jan
57
74
8
9
29%
30
-
49%
.
9
Service
Feb
11% 13%
128
■' 129%
Jan
•'
51
31
&, Fuel-—il*
Ice
Jan
32
26%
Jan
80%
95
y.
55
v
8
31
,—10
—
.*•
————'^.50
Jan
16%
40
*V.""
class A-————10
Switch
Elec
23%
50
170
20%
Jan
600
15%
preferred—-100
Penn
•so
150
22.
14%
25%
130
53% Feb
48;
31
-
Feb
83%
350
31
12'A
,
4%
47%
A:4i y-'ft
Pure Oil
200
,53%:
160
25%
(The) common new—25
Peabody Coal Co class B com
8
■
Feb
21*
14%
Parker Pen Co
6%,
Cities
47%
Shoe common———2%
100
Omnibus Corp common
6
Ontario Mfg Co common—————*
:
American
City
Feb
650
; 7%
,83%
.48%
21%
common———•
Oklahoma Gas & Elec
80
50
common.—-—-1
Mfg
7%
V:";:VA
80
preferred—*——100
Nor West Util 7%
Nunn Bush
Oak
Feb
Feb
250
47
46%
—
Co common—--*
Jan
12
Jan
-Dnlistea^-
18%
.*
Co common—1
60
51
._10O
——*
!—
—
>16%
•
North
,
9%
common—*—
Monroe -Chemical
Montgomery Ward &
Preferred
Jan
36%
4%
y.-—————*
25%
preferred--;
Minneapolis Brewing Co common
;i——
B
46
$1 prior
30
4%
29%
45
Mickelberryls Food Prod com-—-—
Middle West Corp capital
Miller & Hart 'Inc common vtc—
Modine
Feb
v;
13%
101
60
60
v
Gamble—
>23%
i
common—
Feb
Jan
6% Feb.
•.VyV.-S.i/k-V;
7
U S Playing Cai;d
"V 8 Printing
Feb
13
V
142
22%
21%
IOO
*
■Class
Feb
19
Consol Mfg capital*.
Mapes
Jan
35
*
com——1•
;—
Dredging Co common—
McWilliams
Feb
95
65
12
■
Randall class-
Jan
14%
Jan
12
-
55
preferred.^
Procter >&
91%
50
National Pumps preferred——10
Feb
Jan
17
13
-.
r.
Lunkenheiraer
Feb
49Va
*
preferred
Cumulative
24 %
110
Jan
740
48%
,
Jan
14
95
21%
—
Leonard
Jan
67
63
63
109
63
•
Art
Kahn 1st
Feb
25
1,122
16%
Hobart "A"—
16% Feb
16%
115
110
13
——10
...
Hatfield -v—
16
Jan
Jan
-15-
•
;
Formica Insulation
pfd—————
Co common
Drug
*
■■■
Gibson
Katz
Yards
Early & Daniel——-—^.—*
•,:
:v.y pp. ;■
p}--P,
1
common—
interstate Power $6
■
Stock
Dow
Brick
Indiana
Union
Jan
5%
111%
94
Telephone /—.50
Drug
Eagle-Picher
109
109
51%
594
115
15%
Cincinnati
Co capital——-—----10;.
Pneum Tool vtc new
;
•—
Illinois
-*——20'.
47% Feb
10
,
I 20
6%
115
—
Cincinnati
——1
common-(new)
Hupp Motors
T P-—
&
Cincinnati Street
25
Bartlett common
Spencer
Hibb
7C N O
47%
47%
•6%
Cincinnati Gas & Elec pfd———100
;
—
.
,
,100215
35%
Jan
Jan
39%
Feb
23
Jan
34'A
Jan
35
Jan
24
Jan
27
Feb
34%
'• '4 230
,
19
20% "Feb
12
a207/a a22JA
35
35 v
;> v
26% .27
7% Jan
•
.-.
-
Jan
r
.
v
Volume 163
Number 4467
■
,r.*.
*
"
-
...
*•
•'*
.
■'
■
'
>*w*mi*.-
THE COMMERCIAL ft FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
RANGE FOR WEEK
Week's
Thursday
Last
STOCKS
YlpYY;
tow
! iPennsylvania RR
.--—50
';•} Radio .Corp ; •' -r:: y?; ^V'"'
Reliance Electric 8^
Eng.._—5
f'Republic Steel (Un>_
I
•
I Richman''• Rwh;;-::.'.:. .y;;
:
7*7—.*•
Van Dorn Iron WorksWarren
White
Refining &
Motor
ii Youngstown
a57%>61
%
Feb
34
57%
Feb.
Membet Los Angeles Stock
>7
4%
a65 % a72%
68%
Jan
Bxthango
79%
Jan
29
Jan
34%
Feb
4%
Jan
5%
Jan
37%
Feb
44
Jan
63%
Feb
74%
Feb
25
Jan
Direct Private Wires
97%7Feb
503
ALLEN & CO., NEW VORK
"v
650
64
w'lriv. 287''^i
a28% a29%
75
.
4/ Last
Week's
General
..
Hudson Motor Car Co_
Hunt Foods Inc common
DETROIT
.14
U
1,037
10,287
8%
9%
.73%
76
85
Oil
10
Co
Lincoln
Mascot Oil
Week's
Par
Allen
Electric
-•
-
Baldwin
;
-Rubber■;;Y-Yy,
Briggs Manufacturing
Brown,
McLaren
Low
i
•
'
6'A
Shares
IVa
7.525
18%
870
15V2
Jan,
48
Jan
Burroughs Adding Machine—————*
•———10
4%
,3 %
3,365
Jan
18
173
common———1
7Yb
7
,
19
5
21% Jan
19
555
Jan
Oceanic"; Oil
Pacific
•
23"%
Jan
Edison
Detroit
Gray Iron—
——.—5Steel Corp————-—2
Detroit
Friar's
.
Ale
-
Gemmer
20
Finance
._*
Goebel
-■.7
.
7;
:
..
.
Hoskins
Mfg common
K Hudson
'
i
«
!
j,d
•
Kingston Products
77 Kinsel Drue
'"
^
<
'
'
,>v"
'
■>>
78% «
1
;
15 Vt
,f Feb
6%
Jan
80
Jan
10%
.:v."875;.":
2,210
Jan
7
8%
Feb
15%
18%
25%
30
8%
-
32
8%
23% Jan-
25% Jan
800
17%-Jant
18% Feb
23%
27%
470
Jan
Feb
330
30
Jan
34
Jan
1,821
9%
8
Jan
10
Jan
0%
9%
350
7%
Jan
9%
Feb
3%
3%
36%
3%
3.820
3%
Jan
4
—
7
|7%*.
3%
7%
>
»-4%
♦.
r
2% ; 3%
'7%
I*eb
8
•.
>9%
i
Packard-Motor ■ Cari;—u——j-—•
11% ,11
5
__
7
Peninsular
-HO'
; 29% 32%
39'
')/Parker Wolverine
Metal Products1—
Prudential Investing
i
(
:
32%
8%
1
1
.
__
7,455
2,900
37
:;;77'8
7'
9
10
610
1.40.
1.50
Jan
42l/a
Jan
202
Jan
Jan
1.50
33c
10.600
13
100
60c
60c
65c
Feb
1.90
2.30
443/8
620
.25
10 Va
Jan
1.50
;
Jan
37c
Jan "
Jan
13%
;
Feb
1.45
Jan
75c
Jan
Jan
2.70
Feb
Jan
(41
.
:
Jan
"
60c
17.200
42%
25c
Jan
Jan '
Feb
55
""'i-Jan"///
13
,
8 3/4
Feb''
1.00
1,350
2.15
42%
25
7"C 6 3/4 Feb
1.800
13
44"%
Jan
43%
Jan
43
42 3/4
43
782
40%
40ya
40 y2
168
42 3/4
39%
Feb
.25
Jan
,.26
f 40% Feb
36
36
36
150
36
Feb
.—10
631/a
63
63%
262
63
Feb
36 V2 /Jan
65
Jan
a59% a643/s
145
59% Jan
...
—
-r
,
,
"•
•
—
,
1
Co
10
s
9%
10%
^7;;7S:5I
•'7/.
1
'
/
51
8%
600
15
16 Va
1.143
..
Jan
10%
Feb YY /.. 54
55c
Jan
15
10
\
.
55c
63% Feb
;
51
2.595
55c
Yp
Feb
Feb
Jan
65c
Jan
17'A
Jan;
'
Corp
common
11
—;
—...u
3%
1
—
i 9%
■:
:
30
Oil :Corp_„————15
Trading Corpus—————,25c.
Signal Oil & Gas Co class A—u—*
Signal Petroleum Co (Call
*
1
Corp
-
65
JOC,
.,
,
8%
26%
53%
30'
7.7 "7 .76:
a30a31%
12c
400
50
:
26%
65
Shell Union
3% Feb
200
3%
9 ;: 9 %
26%
Sierra
Oil
Jan
1.50
Jan
1.05
1.750
8
—
....1
Safeway Stores,. Inc
Security Company
Solar
Aircraft
4 3/8 Jan
10
Jan
27% Feb
Jan *
31%
Feb
65
Feb
33%
Jan
10c
13.000
12c
/.1
Jan,''"
Jan
;
Jan
14c,
Feb
77
Jan
70
Feb
21c
22c
9.200
23c
Jan
25c7 Jan
18%
19%
2.513
18%
Feb
20%
Jan
a21% a23%
75
23%
Feb
70
21c
•
,
18%
6%
preferred
100
70
.
■'
1,142
-
5,980
r
1,190
.
21
Feb
7
1.705
34%
Feb
■7:
southern
Sunray
12% Feb
7% Jan
Feb
29
1
.32%,"Feb
7
Jan
4% Jan
.
■
,
Jail
39%
^
.25
31%
925
31%
Jan
32%
Feb
30%
313A
30%
32%
.25'
B_^
31
708
30%
Jan
31%
Jan
41%
413A
41% ' 1
287
1.038
41% Jan
57% Jan:
Pacific
Oil
Oil
•;
of
58»A
64%
44%
;/ 44%
46%
2,739
44%
Feb
"I
Co
8%
8%
9
1.125
8%
Jan
—2
18%
18%
.20
4.045
-"'S
Califs—-uiw—-.
Corp.
.
?•
-
Corporation
Transcontinental
&
West
Air
Inc.—_5
>59% 863%
Oil bf .California—.——.—25
Union
Universal
Western
Consolidated
Air
Lines
Oil
24%
Co_.^__.10
24%
:
24%
1
Inc
;
■
■ort
,
y--'"'- *•'.«;
Jan
65 Vb
Feb
•?H.„49% Jan
?
•
9 V*
Jan
g-
21V4 Jan
18>/e Feb
25
25%
■
-t-42
;
21% Jan
.
Jan
29
Jan
5% Jan
4
Jan
34%
36
593A
class
preferred class C___.
Standard
Jan
36
.25
5%%
5y2
6% Jan
36
....
...—1
Co——..——
.25
3%:Jan,
Jan
10% Jan
2,260
; 264
4%
.^4>A
.
V 4,139
i
..
7
6%
•
200
Jan
20%
;■•
"
Warrants-
7%-Feb
r
Jan
19% Feb
200
7%
—1:
common
common.—
1
30c
JanT
5
100
:■
12%
Park Chemical Co
Davis
Oil
Transamerica
'
i Parke,
••
Jan
v->:.
7
Oil
30c
•
.
Feb
,457 v. ;.>37%. Feb •"7£
••
1.45
Jan
1.15
49
9%
7
Ryan Aeronautical Co.
Jan
5
9,772
5%
19%
19%
-
.6%
375.
39
•.
5%
*——10
Jan
6,925.H'/>Ai(y316uiJan
c23,624^^»;Feb.^
-5.
6
-
35
534
/.-,&%•••-7%..
-4%
: -
Ii 55 Feb
18% Feb
400
7,425
37%
383/a
a2003/4a20Q%
1.35
26c
3,800
,
.
1.05 Jan
Jan
36%
*
f
1
.
Ranch
Sinclair
■
27c
1.40
Jan
Jan
£7
8% Jan
.
2.700 "
19%
1.50
Jan
l
712
24%
__
.^—10
Michigan Sugar common—
Murray Corp common..
74
1,214 7-
77%
18
I i McClanahan Oil common.———...—i
i Michigan Die Casting
>
—
1
s
Richfield
/
——i
^
Feb
24%
^ ** ^ iv-9'
t{* ' %
\ S ,;1
:JLaSalle Wines——
——2
Masco Screw, Products——I i
V
16%
24%
1.
.
Rice
7%
—..—1
-
—
—
41 Kresge (S $) common.—.
i
\
Feb
24%
*
'
22 y4
Feb <7:
13%
.
*
——
'
>
Jan IP
12%
—
__2%
Motor Car
Vi
,
18%
250
„
Hurd Lock &.,Mfg.i————A
335
16%
74
„7y«
14
.
Houdaille-Hershey class B-;
,.
22%
12%
,75%
7
I
..1
J—
7,--7
Hoover Ball 8s Bearing.—10
;
19%
•*:-
Jan
Feb
10%
27
Jan
39 %
:
37
—
common
gi
'
10
Brewing
\
••
12%
Graham-Paige common
'
j
'■g
—
24c
457
Jan
1.90
32
Feb
g%
_7.i_
Indemnity Co
Lighting Ccrp common
r
91%
1.50 Feb
29%
7
Jan
'
Republic Petroleum Co common.——1
7-7 5% % preferred ...^.7^
.——.50
General Motors common.
•
Pacific
Pacific
'•
————^————
Mfg class B_—
General
1.50
;:
64%
Feb
>85
301
45
—1;
Elec
6%
1st preferred-:-....
5%%
1st preferred
5% 1st preferred
Jan
;
Detroit
&
7
7%
Corp—
Co__i
Gas
Jan
ioy8
1.35
Petroleum
19% Jan
Detroit to Cleve Navigation—.—.—.10
common
Occidental
64%
.
3,700
/
Feb
Feb
23
Jan
.
Feb
Feb
Jan
1.645
1.15
—■
Co—-j.
Monogram Pictures Corp.—.—.
Mt Diablo Oil, Mng & Dev. Co
Nordon Corporation, Ltd
Northrop Aircraft, Inc
Jan
52%
Jan
100
Consolidated Paper
; Continental Motors
January 1
tttgh
Gft
1*
.*>;
Since
17%
18
100
Manufacturing Co
Merchants ; Petroleum. CO
bOIP
-
26
7 31
143
1.75
v7l8%
•;
Menasco
Hiah
*
*
■
100
i-/
^
r
Sales
for Week
Range
of Prices
25C
Feb
Jan
39%
1.25
Jan
Feb
1.15
l
Co
79%
'
__10c
Lockheed Aircraft Corp
Los Angeles Investment
Feb
29
8%
1——;_1
Co
9%
21%
36
-
Feb
Jan
73%
235
—
Jan'
1
200..
29%
1.30
lOo *
Petroleum
8
High
19%
199
29%
36%
.1
Lane-Wells Company
1.50
jkZii'-
Feb,
..
"
85
85
1.50
Intercoast Petroleum Corp.———10c
Jade
29
a60% a67%
*.1
Hupp Motor Car Corp
Randolph 5530
■
26
29
Low
::
Feb
%
7:2,118
24%
—•
NO.
16 5/8
1.400
'.
.....—
Range Since January 1
Low
19
„^
,«*
Shares
P0M High
Motors Corp common—.—10
Hancock Oil Co "A" common—i.
Holly Development Co
Chicago Stock Exchange
■am
4121
for Week
Of Prices
17%
common:.
7,,
»
Gladding, McBean & Co
*
Goodyear Tire & Rubber Co com.—*
New York Curb Associate
Thursday
—TRinity
Sales
7'v7;. Range
"
Sale Price
Farnsworth Television & Radio—
I
Rightft^7Z^^^-i^^;i>^^7,:.;:"::V\,-;, :u-7;- -.777
Fitzsimmons Stores class A
ZZZl
Members
Sale Price
14
731"
Gen Paint: Corp
Ford Building
'7"7'
■
.r,
Watling, Lerchen & Co
Telephone:
Unlisted Issues
—
to
West 7lh! Street —LOS ANGELES
210
-
■
Detroit Stock Exchange
Listed
SCHWABACHER & CO., SAN FRANCISCO
v
-
Thursday
Exchange
FACILITIES
"!
STOCKS—
New York Stock
BROKERAGE
AND
g
/v25%;'Fe&*%r
545
a37% a40%
._*
'eQ'.-Uan;
Jan
22%
"
1
(UN)_
Jan
Feb
'
34%
'.5%'
34%
common—.*
_
34%
40%
'
•
Chemical—_______2
—
Sheet & .Tube
COMPLETE INVESTMENT
FAIRMAN & CO.
,
"Jan
Feb
53%
-
•
19
Jan
931
■
>87% a95%
*
Youngstown Steel Door
1,257
23
;
47% Feb
Feb
28
v
,
.
29%
;n.i,i78'-f
55%
23
Thompson, Products- Inc*—7—
;
16%
100
53%
Ohio—7————10.
{US:. S teelv (Uni)——,
31
a35% a41
...
of
■
>2'7^ Jan.
576
'375
17%
High
Low7
.
31
(
Standard •"••Oil
High
17%
January 1
Range Since
Shares
a42% a47%
————
,
•
Sales
of Prices
&gi:. (YpZ Par
22
> /■ for Week
Range
-y(
Sale Trice
ENDING FEBRUARY
29
5.019
2.485
or
a28% a31%
Jan
21
Feb
33% Jan
168
27
: 1
Jan
-25
Feb
33% Jan
'
'
Rlckel, (H W) Co.—.—.
•
River.
*
if
5%
'
Raisin'Papar,—-7;',.-.rV-v*';
7%
]U Bwxrten-DUlpn
*—.v
-_i.
■
10,
77 Sheller Mfg new common^..
..i—..I
:1'i Simplicity Patt common.;
—j—iij: Standard' Tube B common.—.^..^...1
12%
f
Brewing
i | Udyllte. Co.*.—1.
•:;
|
Union
Investment
U S Radiator
i
>
.....I
common.
Aircraft common^—
6%
■
13% .1
.
13%-
6%
8%
1
—
l
5%
II Wayne Screw Products—4
11%
39
,2,108
'
Jan
,13%,Feb
0% Feb
9% Jan
.
.,
12
39
6%
11%
,
8% Jan
2,450
Mining StocksAlaska
Juneau
Gold
10
10c
Co
Mng
Black. Mammoth Cons Mhg Co
Gold
Cafdiftal
9%
15c
13c
l*4c
2.25
l*.*.—1
1
Mng 'CO-*
Cons ChOllar G & S Mng Co
9% v
17c
2.40
12% Feh
8% Jan
Jan.
.395
2,200
2,poo
12e
18c
400
Imperial Development Co Ltd-*.^—-25c
6%c
8c
19c
20c
Jan
2.60 Jan
Jan
Jan
6%c Feb
10,100
8c
14c
6,000
ZendaGbldMiningCo-*.-——i—25c
2.15
Jan
Feb
20o
12c
24e Jan
Jan
16% Feb
>
Jan39
.Jan
6% Jan
4% Jan
9
Jan
7,350
10%
7 Jan
13% Jan
8
;••.
...
Jan
8
Jan
13% Jan
5%
.13%, Jan
:
Peb
125
t
8% Feb
Feb
.
.
100
'
,6% Feb
;
Jan
150
*
..
6Vt Feb
1,050
1,848
.8%
.39
/
6%
U%
12 %.
6%
1,025
'
400
16% .16%
—
>
Feb
5
1,400
.
.'£3%
13'
/
.
.
8% ; "9% «
8 ;
8% <
;.
common——.—*
,Walker7&7Cn class-' A.—•_.—-u._I_..*
•f r Warner
13%
■ZL
f i Tivoli
'
12%; 12% >
>
8%
8%
2,270
2,412
.
V BVa
-
13%
?
" 5%
5
12
Jan
UfUIstett Stockt-^, ,*
Amer
Rad
American
American
American
Stan
&
,
San
Corp—
20%
23
a64% a68%
21%
•
Refining Co—*
Tel & Tel Co—.?.
—100 al&2%
Viscose Corp.^^
14
Smelting
&
Anacor.da
50
5
Copper Mining Co
Armour & Co (III)
A* to S F Ry
....
1,142
a68% a68%
46%
46 %
13%
14%
17% Jan
2,665
30
>195
>189%
192%
Jan
43 %.
Jan
660
•'
•""
XfKb'r.
5i
Feb
15%
12% Jan
1.502
15%
Feb
194%
•'•'
6
7
51
Feb
109
Jan
>265
109v
Jan
a34%
12 Vb
a35
100
34 Vb
Feb
36%
14 y»
6,410
9%
Jan
14% Feb
34
680
24
Feb
23%
23%
340
22 Ys
Jan
25% Feb
99
Jan
112%: Feb
a99 a 104%
; a 101%
Atlantic Refining Co—^>.i^i-»-,Wi.^25
Aviation
Corporation
3
-eh
12%
•
Feb
'
Thursday V,
.•/
■■'.
■
>!.-.STOCKS—
Week's
/
Sales
,:,
Range
Baldwin Lopomotivc Works y tc
for Week
of Prices
Sale Price
'•,.'.
Shares
Barnsdall
-Bendix
.
Pandini
Petroleum
Co
P«r
Low
.
1
4a/8
Barker-Bres^Corp^•-eomirioa=B^tt;.ii^«
7
Barnhart-Morrow
Ctnsolidated.i.i.i-l
Berkey A Gay, Furniture Co-^iu*.j.^i
Blue- Diamond
Corp_...L—J1
Bolsa Chlca Oil .Corp—
1
42/3
85c'
7%
;
Broadway Dept Stores Inc. common—•
Byion; Jackson Co
._!—_*
•
87/8
'
5%
,59.
49
"
—
4% Ja»
aJan
k30%
5
7% '
48
§q
a36%
t' 60
Y-r-'Zy
82
Packing Cbrp ^ommoh_l.i_* "
_1 a44 Ve a4'4%:'Cessna,.Aircraft Co..—.—_._i—..a_l
9% ' ' - 8%' • 9%':
Chrysler Corp ....
———5 7r77;^^7v 129% 129%
Colorado .Fuel & Iron, hewr..._.i.u^._*
•,
<
19% 20 7
5%~. conv preferred—..^20
a22% ;7 a22%.a24%
Preferred
Creameries
Douglas
Steel, Corp——
—A.—
of America, Inc
Aircraft
•
50c
:-4i'.'
1065.
100
5707'>
31
:v*:;,'23%
26%
a94%alO0%
a26% :: a26% a28%
;
i_
x.05
-
7
717%,
18%
1.05
1.10
375
375
537
•
.'
Airplane Company
Boeing
Company
Borg-Warner Corp
Borden
Feb
Jan
'1
7%
Jan
Canadian
Jan
Case
7v:
Jan
Jan
6%
54
Jan
45
.
Jftrt
397
?
160
'
vg'v'
-v,,
/>
Pacific
T
(J
I)
100% 104%
——.—5
^-5
4
Railway Co———25
Co—
—
■
Tractor
Jari
Jan
93/4
133%
Feb-hp
Feb
Commonwealth
Feb
Commonwealth
& Southern Corp—i^.* '
23%
Jan
Feb
24
Feb
Jan
45%
Feb
Continental
Jan
31
Feb
Crown
23%
Jan;
Feb
Curtiss^Wright Cdfp •^.^..-—-*•4^.-^*—* v." 77:710;
;■>. 26%
Vultee
Class
Z?y
.-
•728%
Feb
1.450
17%
Jan
97 %C
■-
Jan
370
Feb
V
-
r -
Zellerbach
A
323/4
Jan
203/4
Bond
Corp
Corp
&
1
40
•.
Jan
137/e
21%
Feb
22%
32 %
610
32 Vb
Feb
32y«
Feb
4%
8.855
2%
Jan
4%
Feb
29%
Feb
32%
Jan
Jan
340
20%
440
7
1.25
Jan
General Electric
Feb
General
Co—**-s—a-*
Foods Corp
—
Jan
Feb
.18%
Jan
?>23%
?30%
Jan
''31% Feb
70
>
.
40
:.
22
"
Jan
12y«
Feb
31
515
27%
Jan
33%
Feb
7 7 50
20%
Jan
22%
Feb
100
22 V
Feb
22
Feb
47
Feb
51%
Feb
9%
31
22
2.145
11%,
22
Feb
385
33% Feb
7 10 Vi
a21% a21%
31
-—5
Corp..^—*
Jan
47
105
Corp.—5
Share Co
8?
98
Feb
480
a33% a35%
Electric Power & Light
45
12%
13
a20% a22%
a36% a37 %
g*'
22% Feb
Jan
35
20%
—|
*
19% Jan
540
*—5
(Del).
—
■:
Electric
■447
3,700 :•
'
Aircraft
22%
a28% a30%
Jan
Continental Motors
Oil Co
Jan
Jan
3%
Company—_*25f>
17%
Cons
33
54*
Jan
32 Vb
*'■
34%
Y
50
a44 a47%
21
Co*— ...—a
Edison
29% Feb
52%
25
140
a70% a74%
a28% a32%
7' 21
25.^ .f vV,fp.
r* 77 :;;7"
(-Cities Service -Co-——i———10
Columbia Gas & Electric Corp
;—*?•'
Commercial Solvents Corp.
a21%
—*
Caterpillar
800
:g. g/;
: ■ *,**
•
<
29%
29%
a487/s a52%
a47Ve a47%
29%
—.......15
38%" Jan
"
75
a52% a54%
>54%
.
---",
"'•■
.12
-5
Corp—*—ii..
Bethlehem Steel Corp^e.^*—
30%
'•£
2,993
1
Jan
Feb
Aviation
13
.^--5.
—7
Co—
23%
-
,143
4.045
■6%
% 129%
805
44%
30%
..
Farmers & Merchants Nat'l Bank
page
39.
77V>31
—4
Exeter Oil Co, Ltd class A.
see
v
—a95%
<new)__^
Products Coro.^
For. footnotes
40%,
24%'
....
^Co——'
Dresser' Industries
Wlwtrical
:
.
Y
rH o o
Jan
Feb
5%
57/e
California
Consolidated
53
Jan
6%
-. g3/4
8%
•
'
42
80c,
90c
;
,
High
A
5
75c
5%
;•'
•
High
a&2% a§2%
.
t
,
Oil
48%
1.940.;
47; 49%
a49% a55%
,
110
:
8
THE COMMERCIAL & FINANCIAL. CHRONICLE
Monday, February 25,*-1946
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING FEBRUARY ii
.
Thursday':*,v Week's "
Last.
7
■■>/" ■'■."■**4, a78%
::
14
• 13V4
15 V4
1 a57%
a56% a58%
Interlake Iron Corp—-——-—--—*1 i
.4,
16 Va 18'/a
international Nickel Co of Canada—* • •
—
39% . 39%
International»-Tel .& Tel Corpv—**-?,
"
-28% 28%
Co^.
»-»••——r-Jr
Graham-Paige Motors Corp-^.'_i-.--~-~l
Great.' Northern Ry Co pfd,,—-—.—*
(B F)
Goodrich
:
'i '
»
: j
Corp————.-.-——*,/
iKennecott Copper
>
7
torn
7f0
n
11%
1.280
94
841
433
' " 130
39%
ft
McKesson
<
i
Montgomery
Robbtos, Inc__———18
Ward & Co, Inc—
'*■>
38%
:
/
—
'
Oil Co
Ohio
—-10
Co———-
American
North
a31%
*-
-
Paramount Pictures, Inc——.
1
Pennsylvania Railroad Co————50
Phelps Dodge Corp_/.^u——h—--25
7
-
a62% a64%
,.20% .22%"
-66%
a44
40%
*
Oil Co—————
Pure
•
T"
.21'
Republio Steel
.(new)—————*
Roebuck & Co
Sears
:
Standard Oil Co
•
ft Webster,
Stone
Studebaker Corp
.
•
Swift & Co-1
a39%
——
————'————25
Co
Texas
—
/v-
I
Texas
:
Tide Water Assoc
10
Oil——-—
—
;
35%
Feb
14%
Jan
16%
Jan
22%
t;
Jan
34%
Jan
.
12% Feb
60 Va
Jan
70
43
Jan
?
,,»
a
Feb
•
.
Pictures Inc
Warner Bros
—5
——*
242
780
—•
11%
-Columbia Gas & Electric commoa—-♦
11%
11%
13JA
240
810
11% Jan
,9% Jan
:
.
,
Candy—
(D L)
47
;
Forfc
23%
Feb
ii
Jeannette
Glass
Lone
•
—
''
—;
—
Gas
Pitt
.■
•.••/'.-•V;;
Range Since January 1-
• -
W-i;?-'*-'i*'''■
''
Star
£;
Jan
18%
39% Feb
Jan
31
'
,
»
Xotf
-
•
r
,High
^r48^:vFeb'f;
31.
;
__
30%
29
\
>
>
^3*''. vjan'->-t
34. Feb ;
.28% Feb
334
Fel?
42% .Jan
15% Feb
2%-.Jah;'' I;
——1
;
iir
;44%
16% Feb,
17% Jan
47%
Jan
47% Jan
41.
Feb..'
'
43%
Jan
Pittsburgh
Pittsburgh
Pittsburgh
Pittsburgh
'
1
68% Jan
23
Jan
30% Feb
33%
Jan
38%
Jan
39%: Feb
54%
Feb
58% Feb
San Toy
Jan
:
I
10
11%
9
2%
6%
40%
12Ve
6%
44%
14>A
9'%
9%
1
——
2%
900
2%
—
'w',"'
'
-
Jan
r
1
Jan
19%
V^y; <"5'-
,
-T-' r'' >'•■}[
,/%'A
Jan
11 i
34%
35 y#
2
Jan
2'A
Jan
6% Feb
48% Jan
14% Jan s
•
9% Feb
2% FebfS
Feb
13
45c
60o Jan
24% Feb ;
Jan
.
18% Jan
5V« Jan
42
Jan
100
"
J
38»8
39 y«
9% Jan
12% Jan
280
Feb
-
Feb
'i
\
9
46
d
'■ v
J
Jan
'
34% Feb
35% Jan
480
475
\
^
12 " Jan 1
12% Jan
7% Jan
•
105
-
v
1%
36,150
8Va
1
Feb
4% Jan
40y# Feb
9
Feb
135
43
43
—
Westinghouse Air Brake——..
Westinghouse Electric Corp com—.12% —
115
1(,x
115
10ai Jan
6% Jan
2,450
60c
24%
8'%
—
*
'
-
Jan
10
1,366
13
50c
21%
..
—1
United States Glass common
Vanadium Alloys Steel—
136
13
..
Standard Bteel Springs——.1
-
9%
^28% Feb
Feb
15%
930
499
295
600
—
f
97
2,280
2
Mining—1
-t' rf' " '
28% Jan
10
..
5
—
Renner Co—
:
22 %
135
8% Feb
5
11%
—
10
—
Reymer & Bros.—..
20% Feb
18
Corp—8%
Brewing common————
Plate Glass new—
.—10
Screw & Bolt Corp^——*
Steel Foundry com———0
" —■
68% Jan
.
10
340
.''""'A;/ :v.? A; y..'AAA.
McKlnney Mfg
23
Jan
97
-'iA'--"■
National Fireproofing
Ohio Oil & Gas——
Feb
—
8%
26%
17%
—
_*
pfd—
Mountain Fuel Supply
''
36% Jan
8%
26%
97
Brewing
40
Jan
39% Jan
.
A
■
.
,
-
*
-
_
100
1.880
•
'
>
r
•
.
•
//»^
-
^
";^,v
•
.
_
^
535
125.
430
—
•-.'• *
-
Feb
Feb
tow
Jt,
Continental Commferclal Cpjrp pom^.vt v f
Duquesne Brewing; —i-U—5
1,000
a22%
Sale Price
v
,
rl
Co
Blaw-Knox
21% Feb
-
36%
35%
»
Ludlum Steel.—
Allegheny
42%
16'A Feb
a22 a22%
53
53
a49%
Westinghouse Elec & Mfg Co—-—12%
Willvs-Overland Motors, Inc——1 '
Woolworth Company (F W>———10
<.
.,
Salesv*'.V ya
■
46%
31
■<
Harbison Walker Refractories.
•
36 38%
a48 % a5l%
38%
AJ
Union Tel Co
Western
j
'Week's
42%
26%
-f"
39% Jan
160
288
al037/8 al02% a 108%
a46%
a45Vs a46%
—
*33% a34 %
•'United Corporation (Del.)
——*
6%
5%
6%
u S Rubber Company———10
a67%
a67% a67% •
U S Steel Corp-i-;~
—————*
—
88% 89%
-
••
37%;. Jan
22% Jan
Clark
J
1'0%-Jan,
249
140
620
Air vLlnes, ? Inc-———10
United Aircraft Corp:.————
5
•
^
•
1TOCKS—
..
v-
f
145
125
220
United
Thursday
<-v\:r:v".;3. Last
High
^
,
Jan
20% Feb
333
Carbon Corp———*
Union Carbide &
.
.
Shares
v
"
i
*•..}'.
for Week
'
'
:
49
Range
i
34%. Jan;
69
217
54Va 54%
a51% a53%
20% 20%
.
Co—————a51%
Gulf Sulphur
30%
1,810 .
20
a65% a68%
19% 19%
30% 32 V*
&39V4 a40%
a66%
——25
Inc—-*
————--1
25
Standard Oil Co (N J),
:
17
n53% a53%
a43% a47Vs
a39% a41%
inc.;——
(Ind)——:
25 a40%
standard Brands,
!
16%
—
a53%
—*
42
"
1,832
44%
-
,
of Prices
•'-v
,
2,012
40%
41%
15
Socony-Vacuum Oil Co—..,
Southern Railway Co
'
65
' -1.734
...
*.-• 16%' '.."1614 . 18
Corp—.35%
34Va 39%
Radio Corp of America—..
1,107
25
-
,
Pittsburgh Stock Exchange
:J.:^:
425
130
545
4
27%
26%
:
•.'..v
Jan
,47
Jan
76% Jan
4,200426
421
-440
12%
66 .66%
a42% a46%
40% .40%
<
41%
Jan
33%
•
235
,
11%
.—.A——1————* '•
Inc
Pullman
20%
20%
.Packard'-'Motor'■■Car'Co———4.^—*7''/ 11%'
^
-632
LOW;.*? •' 11 Hiph {
4
Jan V j ii;7%-Jan
'•47%* Jan-:,^j58% Feb
23% Jan -v
, *28%
Feb
•41%- Feb'.
.43% Jan
4,908
Westmoreland Coal
Feb
11%
30% 31% >■/}*<£ 636
15 15%
395
a31% a33Ta 234
30%
I .North American Aviation Inc___——1
-
7
51
50% Jan
924;
185
a48% a51%.
a77% a83%
—
:a79%
—**
RR
Central
York
New
V
5s/a
50%
.
28% Feb
245
14%,
38%
12%
13%
—-——————•*
Inc
Loew's.
•
United Gas Improvement.
? 13% Jan
:
:
GVi
common—.;
preferred
$5
r
Range Since January 1
-v
High
50%
United Corp
Jan
Sales
Range ;
tor Week
of prices7; Shares%>,
Sale Price
STOCKS
High
-1.
■
:
^Ibbv, McNeM ft Libby—-
Last
•
Low
54 %
53¥2
33 %
Week's
Thursday
Range Since January 1,:
Shares
Sale Price ; of Prices •
Par
Low High
STOCKS-**
'
T
Range,,
..
Sales
for Week.
St. Louis Listed and Unlisted Securities
185
Edward D. Jones & Co.
Established 1871
North 4th St.* St. Louis
300
Philadelphia Stock Exchange
>V Week's
Range
Thursday
•vLast
Sale Price
STOCKS—
f
■
v
Stores
American
—*
Tel ft Tel—————.
American
'30%
.100
,
Shares
"
32%
29%
Low
27%
805
,
High
195%
pfd
38%
Budd
4E G)
Budd
Wheel Cp—
-
/
Electric
128%
55%
74%
79%
80%
Jan
44%
44%
61% Jan
17%
17% Jan
13%
13%
17
10%
11%
12% Jan
—
.
r
—
13%
—
$1
:,
If'
preference
Philco
Corp.
Reading Co
i
2nd
25
common.
29
Bldg. Equipment common—.—3
Mfg common...:
;.l
Scott Paper common
Oil - : —; '
Sun
;
-
|I
Invest
7v''". Preferred
Corp
.
30
30%
44%
55%
55 Vs
58
66%
•;■
•
K
66%
67%
55%
56
Century Electric Co
:
—
•
._
'3%
—1
25
common.—_
High
Low
Jan
50% Jan
13%
12% Jan
100
25
50
Feb
100
-
6
Jan
9lA
48
V Jan
43
50
450
10
Elder
10%
700
50
Feb
Jan
10 Va
•
Jan
9'A
;
*•
•
■
.
5
7 73': 7.
4%
wii—
,
37
..
*
43
40
Jan
320
32^,4
Jan
35%
44
210
35
Jan
Feb i
Feb y
—27
llg
33
45
Jan
200
27
Feb
120
114
Jan
115
60
27
115
23'A
49
27
23
Feb
26
Feb
,■
68
Feb
*■£
Jan
25%
Feb
32
Jan
8
Jan
'
—.1
23
common—*
60
60
10
56% Feb
24%
28
6%
24%
28
7
10
23
50
28
Jan
845
51%
575
6%
47%
Jan
50
46%
48
180;
43 Va
Jan
25
14
20
25%
IOO
?f> :*? Feb
Huttig 8 & D common—
5
Hyde Bark Brewing common———10
Hydraulic Pressed Brick common—100
Preferred
100
International Shoe common
—
*
Johnson-S-S Shoe common
*
'••
7
51%
—
..
^
:
1
21
25 Va
•
11
L
/
i
J *>
.
18
-25
'
Feb :v";
Feb
s,
/
&
4a4
Wagner Electric common—.....
' 90
.
261
/
Jan
20
Feb
21
Mar
17
Jan
160
24 Va
18% Feb
Feb
Jan
24
Jan
'V
82
90
28
29
Feb
o
133% Feb
10
200
21
Jan
210
82
Feb
90
Feb
28%
Feb
1,310
40
353
49
Feb
Feb
,
39%
36
47
lb
15
455
47
525
,26%
40 ,
48%
'26
Jan
199
-
80
:
4»4
7
1 i
Jan
13
18%
20Vi 20l/2
20Mi
4.-
,
■
133% 133%
8cruggs-V-B Inc common——.5
.^Preference
'
Jan
50
725% Feb
75
.
26
29
27%
,l * '
t
133%
52%
Jan
125
,14
21
18
25%
27%
_V5'p^!< '•
'
Rlce-Stix Goods 2nd pfd—
100
St Louis Pub Serv cl A com.——-,.1
'
4V»
37
35%
pfd————100
Falstaff Brewing common
Griesedieck-Western Brew
—iC.^^100•'
Sterling Aluminum common.—l.——1'
8tix, Baer & Fuller common——10
4
3%
2%
8% Jan
34%
42%
—.1
common.,^...:
Electric
10
common.—^—^1
Bottling
Mfg common..
Emerson
..
—10
Clinton Industries common
Dr: Pepper
vf
7
-.7:'
Tacony-Palmyra Bridge—
" Class A participating...
Tonopah Mining
Transit
•'
.
.
50
9'A
Burkhart
Mo Portland Cement com—
•'
12%
50
...
Laclede-Chrlsty Clay Trod com——5
Laclede Steel common.—...——20
42%
44%
*30%
——
.
12%
—50.
Key Co common
—
i.-;-.*
Knapp Monarch common—.—.
*
%
28%
—50
—
*
preferred '
5 &• preferred
—
121
38%
39%
—;
Feb
29 V*
27%
121
■■
——
''•••
1
Range Since January
v-v'-.
mah
low
—1
Jan
29%
28%
pfd
—
27%
43%
27%
*
—
Phila Eleo Power 8%
41%
28%
•
common——
4.4% preferred
47%
42 y8
Manufacturing-— —.50
Philadelphia Electric Co common.
■;
24%
42%
Jan
47%
'
23%
44
Jan
9%
8%
8%
*
—
Shares
Par
American Inv common—.—
Coca-Qola
8%
Power & Light
Pennsylvania REc
for Week
Jan
Penna
Penna Salt
}■■■,
24% Jan
54%
15%
J.-
ft.. Pennroad Corp;
!
24%
53%
•
--50
Lehigh VaUey RR—
National Power ft Light————.
77
Range
of Prices
'
75%
———
IAhlgh Coal ft Navigation
?
-
Jan
23%
«
Brothers
Gimbel
'26%
y8
54%
10
Motors————.
General
•
24
21%
Sales
Week's
Sale Price
STOCKS**
Bank
•
Battery
Storage
140% Jan
127% 136%
23%
Light—13%
Power ft
Delaware
'.
.
Jan
Exchange
Thursday
28% Feb
l—— --'.8
•
Curtis Pub Co. common—.^.——-
5
St. Louis Stock
Feb
Feb
26%
7. Chrysler -Corp
^
^
;
Jan
40%
—
Corp.——-——
Mfg Co common——.
Asphalt
Barber
:
^
Jan
91
Baldwin Locomotive Works t tc_
Bankers Securities Corp
■
32% Jan
Jan
187% Jan
756,
."Phone
CEntral 7600
Bell Teletype SL 593
Chicago Stock Exch.
Chicago Board of Trade
New York Curb Exchange Associate
Range Since January!
y
191% 195
192%
w
'
St. Louis Stock Exchange
■
lor Week
High
Missouri
2,
Pft
New York Stock Exchange
t
Sales
.
of Prices
Low
Par
Members
*
CANADIAN LISTED MARKETS
RANGE FOR WEEK ENDING FEBRUARY 22
=
■
Thursday
Last
Toronto Stock Exchange
/
Low
(Prices for Friday Feb. 22, will be included in next week's compilation)
,
Canadian
Thursday
'
'
Last:.
'''OCKS—'
v'-;'v"'V-"'.77
6%
7%
.
Acme
Gas
&
Sugar
Oil
Alger
Ss
Gold
Algoma
common
Oil—.
97
common
i82%
•
•
....
Gas...
*
vj gg
7
:
38c
•
common..
100
.....
2l%
.
'
_
footnotes
of Prices
see
page
1065.
1
Sales
American
for Week
Shares
High
Anglo
Range Since January 1
;->■ tow
I 7% Jan
7%
*8%
2,245
96 'A
99%
1,075
93
180 182%
55
172
Ansley Gold Mines
100%
Jan
Aquarius
182%
Feb
1.370
20 y4
Jan
8%c
Jan
31
55
28
Jan
1.70
1.99
30.250
21
44C
23%
■
103"
103
13,200
i.o3o;
15
38o
Anglo-Rouyn Mines
Jan
2,000
38c
*
—1
Anglo Huronian
Jan
Jan.
Feb
24
Jan
11 %c
32
Feb
:<
Jan
1.99
Area
Porcuoine
153
161
855
108
155
106
A* 16,900
27c
*
Oil
1
1
Gold
25c
32C
1.15
•1.30
12C
12c
12c
7,1.60
1.55
1.70
..
21c 23 %C
21c
4;'"
Mines
Argus Corp IM common.—F/2% conv preference
••••
24c ;;
10%
101
3
4.5QQ;
28,800
Jan-
161
Jan
109
•
^
;:
54c
26
103
Jan
•Jan
Feb
Warrants
Arjon
Gold
Armistice
Arntfield
Mining
';
2%
33c
39c
1,36
Jan
13c
Jan
Feb
1.95 Jan"
21c
Feb'
63e
Jan"""'
19c ;
Jan
30c
Jan
85c
Jan
24 %c
Feb
9
Jan
12
Jan
98%
Jan
101
Feb
2.969
1.90
Jan
t
17,400
32c
Feb
—
——
3%
7
Feb
55c
Jan
37c
1 -r.-;
85c
80c
89c
15,300
78c
Jan
95c
Jan
47c
46c
50c
28,435
44c
Jan
62c
Jan
1
v
Jan
Feb
1
Mines
Gold
2%
31c
Feb
555
2,580'
•
Feb
Feb
'
'1
Feb
1.55 Feb
4.400
75c
9%:
•1.10
10c
230
77 6,500'
toe
100 %
99%
100
25c
14,200
};
65c
65c
W»o--
;
77 Low yXr- ,7.7' High 'y:
High
1.19
Yellowknife
Canadian
Range Since January 1
Shares
107%
108
pfd.
for Week
129 %
158 7
common—
Canada
Jan
10c
1.58
High
of
GVa
23%
22%
9%C
"
Preferred
For
Week's
30%
22%
;
*;
1
Mines..:
Steel
>jy8
Aluminum
: Range
Low
•
100
;—
Agnew-Surpass Shoe
AJax
par 7,7'
100
preferred
preferred
Acadia-Atlantic
Sale Pries
*
7:
"•
Abltibi Power & Paper common
-
Ltd
Aluminium
Funds
Sales
Week's
Range
of Prices
Sale Price
STOCKS—
f
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
LISTED MARKETS
FOR WEEK ENDING FEBRUARY
RANGE
1061
23
Week's
Thursday
Last
Range
;
-
of Prices
Sale Trice
? Low
Ashdown Hardware
1.135
12%
Feb
13%
Feb
Davies Petroleum.
12c
Jan
26c
Jan
Davis Leather
72c
188,000
52c
Jan
87c
Feb
47c
123.240
32c
Jan
48c
Feb
-Class' B ——
Delnite Mines
%oc
1,500
40c
Jan
55c
Jan
Denison Nickel Mines
60c
Jan
72c
Feb
Astoria Quebec Mines
:AthonA
Atlas
I
Yellowknlfe
Aubelle
Mines
Mines Ltd
Geld
66c
Mines
83,400
1.44
—
—
:
52.800
8,120
1.23
Red
Bankfield Consolidated
bank
of
of
Nova
Mines—
:
Montreal
Bank
Bank
of
Mines
Beat tie Gold Mines Ltd——
Beatty Bros class A—~
.
-
Sobjo Mines .Ltd——;———
Bonetal Gold Mines ——
45c
Jan
'88c
Jan.
192
37
14%
15%
1.25
1.40
2.950
31%
31%
20
/ 81c
85c
Mines.
8.500
32c
32 c
32c
Feb
45c
Jan
14
B
56
*15
21c
1,900
2,600
34c
1^%
27
27%
27
Feb
28%
225
18%
Feb
Jan
15%
Feb
30%
26%
520
28
Jan
4
14%
Feb
Jan
Feb
,
1,033.
4%
4.
Chemical
31%
49c r
99.700
40c
Jan
55c
17,300
65c
Feb
72c
Jan
Burns & Co class A——■;
/// Class B
¥
4
"H.
6.10 Jan
36C
40c
Sullivan
Mines!—.—L——
new
Players
Farmer
z:i
Packer^ class A
Class
235
2.40
2.75
7.660
36c
40c
9
18
2.906
141
145
124
•
110
v
Rights
12
'
Jan
,
'•••50Mr-^;^52
88
89
27
145
22
2,105
6,707 '
50c
45c
's70c
24
23
22%
23%
26%
26
26 %
23
•22%
Feb
213/4
Goldora
■
Feb
Feb
Jan
■t'0. \•
-
Shops—
Canadian
Food
Products
!
Jan
23
/•: Feb
Jan
89
Feb
Jan
28
Jan
Jan
12
•
•;!'
vi
Class
..
A
Canadian Malartio
Canadian Olla—
com
New
preferred
%'$, -F ;4:^M '
v
20%
5V
Rubber
'iv:
Cariboo
LCastle
Gold
Quartz
Patricia
;; Central
Porqupine. Mfnes-L-*——
Centremaque. Gold Mines——.
23%
Jan
Jan-
20%
Jan
35
'
25c
45.300
12c
Jan
22c
37.100
57c
Jan
28c
Feb
59c
Feb
595/8
Jan
68
24%
Jan
29
Jan
Research
Jan
15
Jan
0:.
20%
21
570
' 19
36
18
20
3,995
36
36%
255
1.15
1.30
16,950
17
I,670
X20
16%
170
170
22%
170
Otmi
i
Halllwell
29%
3.30
1.77
1.75
2.75
;360
;
33c
38C
•
Harricana
1.35
Mines
•170/
Jan
Malartic
V Cocheuour
Cockshutt
ill-Coin
If
:k
Willans
Plow
Lake t
L Colomac
—
■.«,
Gold
Mines
Co--—
Feb
•
Jan
'25%
29%
Feb ;■/>
V
2.80 Feb
1.75
Jan
2.10
Jan
3.00
Jan
i
3.30
'!■
Feb
30c
Jan
44V2c
Jan
6,500
36c
Feb
50c
5,820
-1.70 Jan
125
1.30 Jan
43c
Jan
21
21
25
•27C
29c
II,600
25c
c'.
30c
35c
1,500
30c
4.60
14,950
51-
v
i.
18% Jan
4.35
:18
77C
81c
*
350
81©
14,500
70c
Cjniaiirum
Mines
——
6,650
80c
Home
}'
t
17
t'
Feb
Consolidated
■
Bakeries
Consolidated
it'
Mining
;• Consumers Gas
iff.
•S V
•
—
Conwest Exploration
48c
1,600
■
Jan
*!.;•
'
eoo
2.40
Jan
24,700
2.00
Jan
2.65
2.70
2.30
2.50
Cournor
Mining—v.Lr--,
Crestaurum
Mines-—.—_—L
Crowshore
,•
Patricia
V Cub Aircraft
Gold—.
i
7c
Oil
&
Gas-
Feb f
Feb
14
Feh
■•
52
V Jan
Feb,
£7 *
5% Jan
Feb
23c
Feb
23C
Feb
•50c
,
v
34
"11% Jan
47
-
55 /
J
Jan
59C
Jan
17% Feb
14% Jan
13Vic Feb
19
355
16%
Jan
Jan
;• ;'Class:
B >1 -
!2-l--X!-.-—
Imperial Bank
Imperial
i
,
1.12
25c
29c
2.20
2.50
2.25
;•
Jan
i
8%. Jan
*i
19
Red
Inglis
fit 2.85 Feb
~>: 2.60 Feb
Feb
f
:
•
International
—1
& Devel
27c
26.150
25c
13,500
43c
Feb
5
International
t
International Nickel Co common—
?
Island
—V
10
55
V—r
;
75
8
28%
.
47c
54c
87,900
IOC
23%
23%
17%
3.40
10
Metals
32
Feb
60c
V
-7,898
'55c
:Jan
69c
;; 67c
78c
116,000
67c
Feb
'■ 1.50
1.45
1.52
5,700
60c
61c
1.45 Feb
'70c
•t, .750
Internation
1
*
Feb
f
Jacknite
Jan
i
Jack' Waite
;i
3
Jan
'
Feb
L
25%
Jdn
'19%
3.40 Feb
30c
9.500
25c
13.200
v80
/
;
Jan
9C
,
IOC
65c
41
43%
21
23V2c
42
•'
42
.
42%
•Jason
Gold
Mines
-Jellicoe
Mines.
——
20c
22,800
*',
,
.
40
40
42%
;'/ 125
57%
28%
16%
900
:'
_8
8
,56c
»
51C
13%
t
8
.13 % :n 14.
^
1.30
1.45
22%
.
;36
37
.31
32%
:i.p5o
"44.
42%
46
,4.^49
"23
Feb;
Jan
17% Jan'
Jan
16
s1*'
,
i(l
Jan
Jan
8%
Jan
Feb
51c
9%
80c
Jan
Jan
14
Feb
1.20 Jan
Jan
P#o
32
•
0;
,14,45 »,'Jit
M9p
30
Jan;;
Jan
13%
22%
.
1.40
36
Jdn
•48
-
7%
17.300
t:
:*>
•;
Jan
34
Jan
,30%
40% Jan
22
Jan
1.65 Jan
22%
37
32%
47
27%
Feb
Feb
Jan
Feb,
Jan i
24%
9.198
1.45
1.63
24.475
1.40
Jan
1.90
Jan
.2.15
2.25
600
1.90
Jan
2.30
Feb
32c
36c
12.900
32c
Jan
40c
Feb
.———1
1
——
—i
38c
•40 c
17,100
30c
Jan
40c
Feb
8c
5Vic Jan
9c
Jan
50c
Feb
23%
1.53
—
46*/2c
50c
6.QOO
22.120
14c
15c
8,534
7c
i
40c
12c
,
Jan".
Jan
19c
]
Feb//
Jan;;
15 Vi
8:■,-•»
115
61e
Feb
,45%.
48
Feb
Fed
26
6,715
15%
16%
■
40
495
16
15
:
28
i:
■/
.
Jan
.30c
Jan
31
575
••■
1
Mines
——J
37% Jan-
612
j
vVV>iv j V
74c
/ 73c
Jan/
'44c "Jan
51.760
24c
%C
Jan
Jan.;
,Jan
VVj:
61c
42.100
:72c
56c
42
:
61c
4.40
35c
Jan
,
Jan I
Feb f
—50c
Mining
Mines.—
Jacola Mines.—
1.02
?
62c
——•
Petroleum.
•'•86c
.
14 ViC Jail
Jan
15
5.910
3.60
Vi
Jan
63c
Jan
,
>
Jan
3.60
•22%
240
••'"*.
Jan /,
69c
Feb
10c
2.000
i
Jan
47c
i
'Jan H
30c
*
Jan
8c
61C
—••*/
class A
Uranium
Mountain
'•1.67
/, V —:. ■
t 55,900
International
Feb
Jan
2.55
6.160
"19-
27C
8c
:
International Coal & Coke—
:
Jan
•;
Jan
20.100
;
,
Jan;?
Jan
/ 2.70 Jan
,
Jan
53c
27c
common——*
—1
Bronze
Feb
32
,
2.20 Feb
13,800
2.89
25c
3.50
a—a—6
(John)_
1.95
;
1.24 Jan
310
35c
Jatt
Feb
47c
•
——1
i
;
169 /
9%
20c
25c
;
;
14% Jan
1.02 Jan
20.800
37,100
V
6.00 Feb
Jan
2.60
18%
*.
1
—
Lake
Inspiration Mln
Jan
91%
Preferred
Indian
Jan
31%
/
12 Vi
Jan.
\\
12% Feb
-
9% Jan.
17.650
28c
25c
———10
*
Oil
1.20
>Jan
1.06
28c
imperial Tobacco of Canada ordinary_5
17,690
78
13%
26c
-1
A—!;La—!a!^!-!!aa!v ■;
'■■•Hunts Ltd class
1.75
1,385
12%
Jan
10c
Jan,
4.70 Jan
200
1.005
10%
1.07
•
1.50
•;
:
100
-1
:
7c
14.000
,
5.75
t
18c
'
Jan
1.05
51c
•
7 Vic
5.50
12%
—-—1
1.56
1.09
Jan
Jan
Jan
28.900
-
10%
—1
Mines
Hudson Bay Mining & Smelting
Hugh Malartic Mines—
•:
1.23 Jan
/
7c
c
//I /
10c
Jan
i—1 ;'»v
/Feb
:
15
1.475
15c,
23 %
156%
'
55
43
42
52c
223
v
Feb
50c
90
———
34
2.70
169
•>uromor Pershing Mines-.:——--1
Jan
,
8.900
16
15
13 Vic
5.50
Mines
163
—1
56c
15%
-
84%
•:
Feb
1.000
1
!.
Mines——.
169
31%
14..
10
—1
Mines
Mines-—
Gold
V 87
■
Jan
20
50c
13%C
* H
iioo
Corrugated Box .common-^————•
Cosmos Imperial Mills-—•—————*
Feb
Jan
193n
100
23c
Jan
56 %
1.641
23c
.
115
§15%
1.003
,
9c .-Jan
,
26c
;
10.275
6%
Jan
*
Jan
15c
25
6%
Jan
Jan
2.65 Jan
35c
Jan
53
V
/
Jan
106
^ff"?3%
J52
v'
;
140
280
8,250
55
40 Vic
Jan
%
110111%
34
Jan
Feb
Jan
79c
-
Feb
7c
9.100
t8d.
50
'
^
Jan
1.30
Feb
2.00
23 %c
54% ;:r 55
1,7C ' 21C
52c
——
Gold
\
18%
Jan
;;
'
'
7%c
.
Oil—'
Yellowknife
1—
:—1
Howey
'
Feb
7%
200
—
& 30c
17.600
28%
_•
—*
mm mm Mm
—
48c
•
18%
Smelting——5
(Toronto)-
8Va
8Vs
■
_•
——
<fe
.
*
10,100
31
■••Hosed' Gold 'Mhies———aX—1
•
1
5.00
■
Jan
36c
Jan
Jan
35c
Jan
2.50
;
Jan
./
Feb
22
•
/Jan
85c
17%
48C
Coniagas Mines—-----——5
53c
52
Cadillac
Homestead
1.90 Jan
Feb
4.35
__
18.350
.
._i
Gold
Gold
Gold
•Homer
2.14
'
Feb
85c
———_1
70c
10.813
17c
Hollinger Consolidated Gold Mines—B
•
1:90 Jan
•
Jan
30c
———
Conduits National——
Feb
25c
Jan
33c
.
■''
Commonwealth Pete
«
|!
90c
27C
110
High wood Scarcee Oil—
.Hindc & Dauch—
Jan
II,092
.
Heva
i
'85c
77c
,
12.200
2.40
r■*.
Redley Mascot
Feb .\f.
2.75
1.89
75c
Rock
Heath
W:
5.350
1.45
17% ?
»
Yellowknife- Mines-———1
1.25
300
Headway Red Lake Gold-
Feb
1.75
4.45
1
——
omiii. J»im
—
•
39c
*75c
;
:
Feb
21
i--_—w—-1
Feb
Jan
•
29%
-28c
.Mines-V—1.;
Coastal Oils
Feb
88c
Jan
2.20
-30c
2.35
,8c
—1
24%
1.35
-
:0
Jan
26
1.76
_*
Citraiam
9c
65c
!
*8.300
1,16
66c
?•
a
Ltd
Feb
•
;
-
r
Jan
39,000
37c-
40c
,
Hard
39%
21% Jan
1.35
85c
f
12.200
19c
330
Carpet
Harker
18
Jan
150
Harding
Feb
2,400
2.90
1
33,450
16c
.
Jan
4,500
1.90
2.76
v
62c
•
Jan
1.10 Jan
10
3.05
•-••''•'■'■■'—■•
-1
37c
59c
52
Gold
22
Feb
;" Jan
13%
10
.
29%
38c
.
68C
34c
-i
Feb "
Jan
17%
9,926
n 28
19%
36
60
24%
28
Mines—.
;GOC
;
.
:v'l"
12
23%
Chesterville Larder La
Chromium
I
36C
———
Jan
:
''i A.V
Chemical
Jan
Jan
18C
Jan
33%
1,007
'
7.55
18c
U 15e
/:
" t f>'
.•
Gypsum Lime & Alabastine
Jan
18
360
16%
-1
;>
-
8.075 " :*
—
22
I,655
_1
Mines
Feb
20Vi Jan
>>8.70 Feb
Feb
31,700
63c
Jan
1,060
_1
Gold
19%
23c
1
19
20 %r
_1
—-
Trethewey
Central
Feb
8.25
••:•
23%
•v
—
16%
HO1/*
110%' Feb
•20c
31
—
Preferred
34%
14
-li—JlOO--.-' •
20 V2
-
7.65
—
Guniiar
13
Pacific Ry__
-25
Canadian Tire & Rubber—
Canadian Wirebound Boxes——---*
/
—
21e
common—*
Jan
280
Canadian
45
Feb
Jan*
Jan
105
" 108
**
Jan
5.50 Feb
7.80
V
•
—-——a-——50
26 Vi
245
:
35
15
'
.
75c
Jan'
14
1,020
16 :
116%
*=
-1
———•*—
Jan
29
*
i—
-i-
jio
23 %c
25
67
•
-
110% 110% '
Jan
32
'
1
110
Js\n
^, '56
4.15. Jan
.
'
426
27
n
15% :
Feb
54% Feb
'60
12,330
-
64
;
,55
:.;32%
Jan
60c
34.100 *
5.50
59C
Jan
65
;
30
115
646
5.00
15%
«-!!.—!'•;
22 %
13
A—•
2.993
31
60c
7% Feb
Jan
15V2C
800
27%
—•
Canadian IndustrialAlcohol
Canadian, Locomotive
31
30%
Jan
24c
Feb
29%
L'
Feb
•
:/'5%
5.40
—
Feb
r-;
275
Jan
119
Jan
48.100
Jan
9%
Jan
20c
55
Gold Mines
90
6V2
common-——"
35c
24
250
Jan
60
Jan
5% Jan
2.225
29%
30%
61c
Great West Saddlery corn-
Feb
•'
48%
Jan
50
?v;42: •••':> Jan L
C
6%
Mines
Preferred
Jan
28%
70C
Wares
Feb
? 6.35 Feb
Jan
17c,
29%
•
Jan
13
17 %c
20c
Grand; dt. Toy!
w-10;
Great Lakes Paper ytc common——•
Vto preferred —a
,!——-——*
;
'
Feb
"22%
8%
Jan
Jan
36
"
8
Jan
1.38
1.45
Jan
5.70
128
110 111%
6'h
v
Graham Bousquet ■——1———
Jan
52
.
Jan
J* Jan
15%
Jan
10.
2.115
;
Jan
4.40
29 iFeb
;
3,055
49
59%
: 1.18
Preferred
/'I-
Feb
196
6.25
48
Jan
> /' 15
Jan
1.00
Feb
13c
;? 1.11 Feb
335
5.85
8
■
Feb
*
common—*
62c
3.35
Feb
15
-
25
13 !
54%
110
'
A—.a—.—••.
22
*
Dredge.- —i,..*-
§
,
Jan
87,650
29 /
58
I
Canadian
1.23
1.05
48
1
-—-—;——
Mining
Goodyear Tire &
18
,,
! 61,600
6.00
—--—a-*
Goodfish
34%
19
-,
Common—«—t—*
14%
40%
18%* Jan;
'•
17,980
—*
Jan
Jan
9
15
lp%
Feb
3.50
5
1.22
13
Mines. Ltd—————
Common
22
1.16
;
Golden
Gate Mining
-1
Golden Manltou Mines—————2
:
Jan
■
10%
15
Lit
t
29
Golden Arrow' Mines———————
14%'Reb
Jan
26
;
Jan
Jan
Jan
• •
Gold hawk
Jan
17%
45
27
'
Jan
Feb
•12%
3,980
•
Jan
46C
9 Vic
9,750
,15
1.23
Jan
1.85
1.59
2.70
9,775
/
:15
Gold Eagle. Mines--———--L
Jan
.47%
84
-
17%
Feb
Jan
*
'30
Jan
17%
635
•wr
--
3.90
/Goldcrest ———-—-ul—
Jan
62
Steel
Goldale Mine
..
111
Feb
178
8 •
310
3.10 H
12%
Jan
111
38c
16,100
3.7.0.
Feb
32 c
10,800
lie
15
Exploration
God's Lake
9% Jan
18% Feb
145
Jan
"36\*
880
22
60c
tts;
Feb
12"
'
51c
v
Feb
Jan;
1.31
1.35
8,100
2.90
13
Feb
30 %
Jan
13
2,026
% 32c '/•37c;;,, 22,700.
/3,75
•
0
Glenora Gold
3.30 Feb
:
Jan '
14%
190
196
21
Canadian Car & Pdry • common-—i—*
New preferred
-..--.25
Ceiancse
•.
—
—
preferred
Jan
56
370
21%-' itj
21
194%
^ 20
—
r•
-
109%
10c
—
Candy
Giant Yellowknlfe
Jan
115
—22%
—
Canadian
: 40
t
preferred -•—-—l——20
Conv
-:.fM4
-10
Umi
51c
'.
Jan
108
30
-
60
ii? 40
40 /•
,
Canadian Canners -comtnou————*
1st
f>9
"/■' 12
.
common
131
•
Feb (
3.00
—1
16 Vi
24
24%
31,200
t
/
Jan
200
1.45 „/•;
Feb
1 ;
"
21
52c
Gillies Lake-porcupine Gold---—--!•
-
—;/<>
Commence
Feb
15
14%
14%
'60
'
4
;
'V.
i Canadian Bakeries common-----.—;
Bank
Jan
Jan
-
i—a.X.50**-y, /5V
Canada Wire class/A—89
class B- ——x————4.-*
":":27
Breweries
2.95
143/4
i—'—4
"27
Jan.
General
Feb
15
6»A Jan
500
/
44c
2.40
10,500 '
108
27.
JSX——i—
OH"adi»ri
108
,,
Steamshijtf^mmw—;•
Canadian
3.10
Feb
36c
6,700',
2.80
Feb
2.15
-
17%
21
y!'Vr'Vv: /-,-/!
12
-33c
;
1.50
35C
Jan
950
-
17%
Feb
7%
185
1.30
Feb
Feb
Jan
50
Jan
13%
Feb
106
Jan
4%
45
Jan
25Vi
Jan
Jan
70
- *vy
1.31
Power common
* '
5% -preferred
—(—1—w—100,
5%% preferred
-^—'—'--—100
Jan
27,200
Permanent1 Mortgage—100
jpnslwred
26
39c
143
22%
104 Vi
./ Jan
15
Jan
7T«
90
30
5,562
16%
Gatineau
Feb
22% Jan
13%
B
Canada
Canada
Feb
9c
350
23
3.10
Canada Malting——;
Canada Northern 'Power——1Canada
31
Jap
9
Foundry preferred—
Jan
"15
33c
*'*
Jan
V
24
1.43
Grain, common—
Preferred,—w—a*—-^—---100
Federal Kirkland Minings,a-1
Fleet Alrcraftv--a—!—i-iu-Ai----—•
Frobisher
Feb
Jan
40c
100
Iron
Jan
*4c
97c
13
2.45
-•——A
39
105
16%
Rraser Co.'s———V—-
Jan
640
22%
>13
Canada Cycle.& Motor preferred- 100
Canada Foundry class A——
Canada
45c
Jan
23%
1.485
115.000
9C *
-
-
17%
Preferred.
Jan
40c
1,236,384
31
7c
13%
Bread-common—
-V
35c
26,200
37c
Cement common
Jan
:
•
24%*/25Vi
>
Francoeur Gold.
Feb
*"*
f
31 %
llOVa 110%
common——
Foundation Co
1.5S Feb
10%
.
97c
30
30V4
22%
Campbell Red Xake—Canada
i
1.20 Jan
3.400
47c
—
Canada
>v
9.550
'
../r/- ' f//"/ .-■/ !/%/
•:.•>/;•.
.•■•'•;;
Calder Bousquet Gold—.
Calgary & Edmonton -————Calmont Oils*—"—.—
li
;
1.50
9.40
4lc
__;——
/ //
S:
1.35
9c
Jan
"V:
Ford Co of Canada class
8.85
13 ya
15%
:
Jan
68c
Hill———L.
Jan
750
;v 1.30
Co
?•'
Fanny
Jan
65c
1.45
Burlington Steel/—
Feb
14
,•!:■•■/
16%
24%
Federal
Feb
5
45c
9.40
Building Products——-—.——
Bunker
32
47
110%
1
Mining
'
■Famous
Jan
'
41c
common—•
Mines
Falconbrldge Nickel
Feb
50
65c
—
28 Vi
Jan
985
'
English Electric-class AA——Lv-:--:iA'';;;
Equitable Life
—25
Feb
.28%
47c
*
11
Jan
38
31
-*
—
&
•
27%
*920
30
•45% ■/'•:
• Gold——
——1
Eldona Gold Mines—!—A-t——a-—a-1 -•
;
Feb
2,607
1
—
15 Vi
Jan
■
6%
6 %
1
com—,
Easy Washing Machine————-
Jan
39c
26% Jan
13% Jan
6.550
14
Inv
*
Gold -Mines—
Buffalo Ankerlte Gold Mines—
Bulla 10 Canadian Gold
Miues
Buffalo Red'Lake Mines—.—
27
Jan
10%
50
105% 105%
14 Vi
Eastern Steel
■
Buffadison
Jan
13%
!■•;■!'v 45
23
22%
..V
Feb
Feb
48
'!
24 Vi
150
.*"•"
13%
15%
East
17% "Jan
27%
—1
Feb
36%
East Malartic Mines————..1
15
175'
46
30%
—•
32%
32
23
1.
Duyay Gold Mines--—*.————
•
Dominion Oil
'
Broulan Porcupine
Mines, Ltd_i
Jan
28%
Jan
1,444 : '
.
.v
15%
33
East Amphi Gold Mines—_u————~East Crest
27
1.675
•/•>
Scottish
'Elder
26%
"
94c
15
32
22%
Donalda
Jan
•
30c
Feb
31c
15
14
*
Jan
345
26
11%
—100
Feb
30c
50c
26c
Jan
113
Feb
1,645
10%
12 %
Oil-*.—/
Jan
Feb
77c
31%
V 15
•
Jan
60
Jan ',
;
Feb
17%
———*
.British
Jan
Jan
1.55
Jan
94
345
Tar
Feb
46
Columbia Power cliass A'——*
1.90
Jan
6c
51,950
34%
—V
———
Preferred;
Duquesne
Jan
12
27%
'
Magnesium
Dominion Woollens common—-mL——*-*
"92c' «Ian v /
2lc
27%
.common-^-*
57,350
92c
14%;
15
v
Preferred'--100;
Jan
36
C
34c
15
American- OH————
Columbia Packers
Class
Feb
Jan
36.800
.
Brazilian Traction Light & Fwr com—*
Brewers & Distillers—.—5
British
31%
23.229
310
18
1.89
Stores
Jan
28c
26c
1—.—--25
Feb
Dominion
dan
1.45
40c
Roofing-—-——————*
British
15%
25C
; 34c
.—-
10 Vic
Dominion Steel class B_——^—>25
V/
.
Jan
70c
35
.57 "
-
•
pfd_.
15,800
Dominion
'Feb
'
Ltd
Feb
25%
Preferred —^.-a———r5Q
Feb
34c
26C
•
•
Dominion
?:«
Feb
1.76
1.20 Feb
13%
39.400
•";
14
57
181
495-
35c
14
57
536,150
Jan
'
Cordage
British
1.41
1.500
1.25
26c
Brantford
c
135'
.
Feb
192
.I-,
3.05
1.92
Feb
1 35c
Brantford
1!
®
45
37
14%
'
Bralome
<
Jan
Jan
88c
1
Boycon Pershing Gold Mines—
;l,i
39
31
36
4
./1.64 Jan
215
81c
Bonville Gold Mines:.
Jan
'••••-:
common———*
Dominion Malting common
9.579
189
w—-•_•———1.
9,000
10%
Foundries A Steel com
Dominion
7% Jan
45
70c
Blue Ribbon •common—^—
'/■'>> -Preferred-1!-——50'
Jan
5 % Jan
1.65
80C
^—-a——
Bidgodd Kirkland Gold
i
m
Gold
Feb
2.90
96 101 %
—-—-—35
Fabrics
Dominion
1.45
_—
Bevcourt
16
85c
14%
Jan
;
22
Feb
Jan
1.64
25%
Preferred
1.35 Feb
.4
14
29%
Dominion
44%
•191
-1 >
—
Telephone of Ganada-t-i-*i-—.100
Belleteire Quebec Mines-Berens River.Mines
r-——--.1
Bertram & Sons;——.
~5
*
19
27c
,
535
•
——1——^-...-.>.10
Feb
31.477
1.51
44%..
oeit
V
1:49
—•-*
Yellowknife
.
34%
Jan
Jan
1.35
1.40
*
f •,■ Class B
6„%.
Jan;-
16
—1
common
Dominion Coal preferred -a——25
Dominion Dairies common—
Jan
Feb
20c
:,v:'f,120
,145
20
6
Exploration & Radium-——-^.1.
Beaulieu
19
—*
25
35
33
95
21.276
21c 23 V2C
19
>
—
.
Dominion Bank
24o : Jan
21% Jan
.
270
.
34%
34%
34 Vis
21o
Bathurst Power class A—
V:' Class B
35
Jan
31 Vi
Feb
34
,1.730
.
58c
Feb
17c
12,100
25
34%
35
Toronto———————
20c
•24 Ms
39c
82,950
48C
18c
2oc
24 Ms
Scotia
Base Metals
Bear
390
45c
Jan
Mining -———-i.—-—-1
;
Mines
20^20
29%
IOC 10%c
Dome Mines Ltd——
Bagamac
Jan
520
:
1
Lake
15c
31%
2.40
—1
Seagrams
Diversified
High
r
4,000
31
15%
Distillers
7.25 Feb
Low
■.:•'
16c 16 %c
;
*
A
Dickenson
Feb
1.55
Jan
4.50 Jan
Range Since January 1
High,
Low
m'v
—L--.-.-—
class
.
6.75
Aumaque Gold Mines
Aunor
m
.....
4,200
-
Ashley Gold
■
High
Jan
LISTED MARKETS
CANADIAN
$.£•.;
Joliet
Quebec
Kirkland Hudson
Shore
Lake
of
Woods
Luz
400
24.785
2.00
33C
49C
70.700
33c
25%"
26%
595
8.75
9.40
14,760
ft
14c 15 %c
;
Mines
2,500
Jan
6.35
Jan
8.00
Jan
8.75
21
.17
21
;
18C ft
38C
55c
60c
22
23
675
Goldfields
Jan
Jan
•
4,300
37C
30
Feb
(L) &' Co jireferred—..
Preferred
Gold
10
18% Jan
20% Feb
I
19 V*
1.102
16% Jan
Feb
ft
106
175
104% Jan
ft
74
1.48
75%
1.58
Jan
76% Jan
8.Q00
43c
31c
19%
41.625
15c
Knitting
HVaCI6V2C
12
new
& Power-
Grocers
class
Trust.
•
A
Jan
77%ftFeb
31c
Jan
45c
16%
JaiS
ft
28%
Feb
/■
29%
30
100
26'-"29%
3,930
ft>
28%
28%
245
'
2,695
;
Nordon
Norgold Mines
Mines
Corp Ltd
'
1
...
.
29c
8,600
7%
.;——5
—
146,7C0
■350 V
55 Vac
ir—
6%
-.1
Toronto
30c
SA
Iron
72%
Omnitrans
35c
•.
2.08
Ontario
Loan
56c
Class B
Feb
Fuel
United
1.40 Feb
Class
■
Feb
Crush common——.
Orange
.Preferred"
Mines
■
United- Oils
■
Vermllata
90c
Jan
Jan
15,380
43c
Feb
14%
150
15
ft
15
14%
20
Osisko
Lake
"
Oils
^
.
..i.
ft".
_
56c
52c
65c
1.67
—1
.
52c
39,350
2.05
Orlac Red Lake Mines..
'41c
6,200
2.20
43,463
,14c 15 %c
108.934
1.24
23.300
•-•
1.27
Oils
Vicour' - Mines
Pacific
Page
mJ*
—1
Petroleum
Hersey
Pamour
15 %c
1.05
1.12
1.05
25
17
| J
Jan
Jan
15
57c
ft; ■' Preferred
-
Feb
Jan
Jan
71c
Feb
1
Wasa
1
18c
i
1.65
Jan
Jan
Jan
35
Jan
37c
38c
8,800
35c
Jan
...1
25c
1
10c
Preferred;
Paymaster Cons Mines Ltd
1
46c
Feb
Feb
19c
Jan
29c
Feb
6%c Jan
lie
Jan
Feb
Yellorex
Oolrt
Pprmn
'Photo
\
Mines
35c
Jan
33c
20,600
9
150
76c ; Jan
28c
-ftftft-Sftft
1.05
Feb
9%
1.85
14,450
1.45
Jan
1.95
Gold
Pickle-Crow
Gold
Pioneer
10
24%
Jan
27%
37c
40c
10,101
—1
38c
4.40
4.25
4.60.
1
Mines
6.50
6.30
6.60
6,400
46c 49 %c
31
33
C
1
Porcupine Peninsular
Porcupine Reef Gold Mines
35c
775
•66c
Mines
Mines of B
—
60c
1
4.25
9,402
6.10
Jan
46c
Feb
Jan
55c
3,600
46c
Feb
1,465
30%
4.95
-Pnwcl!
Oolri
Rouyn
75c
,
Power
Jan
ft"
East
Feb
1.75
1.47
1.35
1.50
9,900
1.35
Feb
1.65
Flour Mills
14%
14%
2.82
3.30
:\;S •/•'ft-.-.
55
14% Jan ft
8.435
'T-
19%
•'
55
2.85
2.40
17%
Jan
'ft-
Jan
58
For
footnotes
22 V*
Jan
page
12%
12%
795
11%
115
115
13
if (0104%
29c
3.500
Jan
15,300
Jan
Jan
Feb
26c
10%
2.400
39c
8.601
31%
20
26
28
425
24
47%
7%
320
40%
610 'ft: ft'16-; ft Jan
440
10% Feb
Feb
32c
30% Jan
Jan
K"
Andian
1.80 Jan
20%
Feb
12
Jan
,
31% Feb ftftft
Jan
ft
Feb
-ft|
6
Jan
9
Feb
"ft
9c
Feb
14 %C
Jan
Jan
50
9c
1,200
13 %
28.625
8%
Jan
13%
Feb
3.10
57.810
2.55
Jan
3.98
Jan
2.85
16
4.271
12c
94.500
14%
70c
4,800
35c
40c
12,000
30c
600
4.70
4.95
3,668
113% 120%
2.639
22%
23
780
1.48
1.58
24.850
44c
17,600
27
28
195
162
165
16%
Feb
15c
Feb
63c
Jan
35c
Jan,
57c
Feb
30
129
23
Feb
Jan ft
Jan
30
Jan
98
145
Jan
165
Feb
155
Jan
170
38c
Jan
20
675
27%
Jan
10
104 V2
107
26c
73.«00
Jan
Feb
16
1,594
55
..
20c
94%
24%
v 25
5.95
6.45
4,470
60c
14.400
32c
54c
6,000
250
ft >26c
,29c
8.600
16
19
600
.,
28c
Jan
;ftft
Jan
ft;
99%
Feb
26c
43c
Feb
Jan
Feb
Jan
99%
38c
26
24
ftft
Feb
17%
ft Feb
15
Feb
i
ft'
f
Janftft
;:'
Feb
6.55
5.05 Jan
Jan
67C
ft 26C
Feb;
39c
15
Jan
;
ft,
Feb; ft
Jan
ft
Feb
ftft'
§U9f|J
■
'ft 'ftftJan
Exchange-Curb Section
Canadian Fonda
0;
British
Jan
22 %c
Feb
20%
13%
13%
14
1,485
11
Jan
14%
Feb
52%
-.,,.52
53
280
51
Jan
53
Feb
Brown
common.
Preferred
Bulolo
Gold
Week's
31%
.
n__•
__1
..100
—
5
•
Range
Shares
31
61
58
6%
92%
compilation}
for Week
6%
;
Sales
.
of Prices
22
Columbia P
Co
ft
Low
'
ft'V;
ft ;.
Sale Price
•
_
week's
will be included in next
Friday Feb. 22,
High
560
33
ft
335
7 -ft-
2.500
'
92
93
23%
23%
235*
50
High
:Low-''':0:-<0
.
90
22% ;ftft
62
Range Since January 1 ft
31
23 ft
Jan
Feb
35
Jan
Jan
65
Jan
Jan
21
ft
58
6%
7%
Feb
84
Jan
20%
Jan
ft
'ft
Jan
30
407
34C
,
ft
Jan
1.69
60c
25
.167
99
ft:
Jan
22 ftJan
1.40 Jan
29 %
20c
'
Feb
5.05
Feb
110
28
IS'A
0:
Jan
40
4,25 Feb
165
ft
ft
Jan
86c
13% Jan
10c
ft
Feb
107
—1
'
ft
Jan
45c
29
42
National
Jan
20c
Feb
Jan
39s
11
Par
72C
Feb
Feb
12%
115
^
Asbestos Corp
60c
53% Feb
Feb
9c
'■i
Feb
7,243
61c
Feb
46%
155
Jan
'01.30
1.60
63c
STOCKS—
Jan
Jan
ft.
18%
■
Jan
Jan
10 •ft.142.
;
Jan
2.40 Feb
Feb
1.95
52
20%
Thursday
3.45
Feb
4,100.'
.10
1065.
;
7%
common—-————
(Prices for
17
2.85
15
13,325
-40
see
155
,
Jan
Jan
'
v.
52%
139
46%
<
Feb
20
Preferred
Feb
22V2
320
32c
Jan
17
4,500
3.00
3.35
53
6
175
ftr -17
60c
*
ft'ftft.'ftvft
21
16%
2.95
common
2,184
45Va
——*
,
.550
3.00
•
Mines
Purity
2.25
42
ft 31%
Toronto Stock
Jan
Mines
Airways
2.00
Jan
1;
Feb
99c
Feb
270
ft;
Jan
Feb
:
5.35
Feb
83c
21
;
24
78c
Jan
6%——^——
•ft'i-
1.40
1
Dome
Mica
.Uchl
-
%
18,600
ino
_
Purdy
90,100
La«t
Proprietary Mines
Prospectors
Jan
Jan
1.54
—
Metals
Preston
52c
1.40
ft-
•
Jan
Feb
1.94 Feb
4.90 Jan
53C
21%
21
—
Girl
4.10
■it
33
1.50
Corporation
Premier Trust
Jan
1
-
T-emier Gold Mining Co
Pressed
Bonds—
Jan
31%
—
Voting trust certificates
•
1:00 Feb
Jan
Jan
—1
C.n
River
97c
,89c
Jan
3.25
Jan
Feb
.
Jan
"
Pnwcll
16,300
v,
Jan
.ftftft.
Feb
1
Gold
Porcupine
9,170 ft/
77c
Jan
Jan
.
Jan
48c
21%
315
24V
f
5.25
——
Mines
York Knitting
■:
Picadilly
ft
Jan
4.45
20c
1.40 Jan
:
1,400
v
Feb
45c
3.40
23,030
x
Jan
IOC
;
Feb
:
Jan
Jan
26%
Combing
Ymir Yankee
Feb
1.72
0000"
Wool"
40c ft Jan
Jan
26%
1.75
*
Engravers
28c
1.60
1
Wright Hargreaves Mines
ft
1.50
•Preferred ■
—
—100
Winora Gold Mines-.^..^.---^—
•1:
22c
ft
4.10
87
40c
2.85
11.950
67C
Wlltsey-Coghlan Mines
k
Winnipeg Electric common—.J*.
11,100
9
,30cft
•
Pen-Ray Gold Mines.
Peoples Credit Securities
3.75
,
Feb
Jan
3.00
107,915
1.00
5,05
;'\-,.Preferredx..ft.—--------H.j--------.100;,
■%'
■f
22,310
.
95c
Feb
Feb
36c
9,000
18c
3,15,
2.85
common....———
42,500
160,800
2.600
!
.4——-—100
Ltd
Feb
1.29
30c
56,220
40C
...1
—
ft Jan
8% Jan
Jan
Jan
80
13,800
4.30
37c
,•————.——.•;
10c
1.05
32c
3.65
Worts com«—•
28c
94c
ft 30c
42c
&
,25c
99c
—1
35
30c
9%c
22c
215
86
.
ft 25c
ft
.84
Western Grocers .common—
'
25c
83
10c
Ltd—
Jan
24
Jan
6%
85c
Feb
Feb
.
9Va
85
——•
.i.f>1
•
Lake Gold Mines—
Westons
Feb
2.85
37c
18%
103
52
*
Westeel Products
Jan
Jan
965
21,200
-..1
Gold
375
West-•.Malartic
.
•
24>6 Feb
Jan
35
Malartic
605
19
Walker-Gooderham
2.45
Mines
Malartic
23
8%
7%
1.40
Vulcan .'Oils.
•
Parbec
Partanen
8%
21%
—
—
Feb
32
Pandora Cadillac
Jan
26c
114%
7%c Jah
2.17
Jan
7
150
Jan
2.25
34
.
Ltd
100
Waite»AmuIet Mines; Ltdl....-
2.35
*
Mines
40
"23%
Jan
Feb
1.805
1.60
Feb
1.00
1.345
—
Gold Mines
Villbona
Feb
12
103
545
30c
Jan
1.00
1.30
16c
Jan
„•
(new)
Porcupine
Paramaaue
'
1.48
Jan
16% Feb
'
—
.
.
1
■ft
Pacalta
Jan
605
Jan
3.80
—
Jan
37c
51c
13.732
B————.——25
3.85
Jan
15
1.36
13%
——————,
Feb
Feb
15
1.50 Feb
Jan
1
United" Steel
Jan
42c
Jan
1.00
Upper Canada Mines Ltd
22c
15
—1
—
1.25
10%
Feb
30c
ft
*
•.„,„l^.r
Gold
42V2C Feb
5,200
:
Jan
58c
;
Orenada
Jan
1.43
78%
12%
6%
112
•25c
—
8%
7.900
13
1,085
1.60
7% Feb
3.200
114% 114%
*'w
•
2.000
48%
class A———-*,
•
class "A"
-50
United Corp
Feb
'ft 45c
22c
Jan
69,950
7c
2.95
class A
Union Mining
14%c Feb
Jan
Jan
81,000
10c
Union Gas Co
Jan
32c
26c 28 %c
Jan
1.00
7c
35c 42 %c
Jan
65C
28C
__1
Exploration
Jan
7c
87c
Twin City Rapid Transit common-
Jan
1.05
:
11,695
35c
45c
Jan
3.95
-
Towagmac Exploration
Transcontlnental Resources
5.65 Feb
3.20
32c
Jan
80
50c
5% Jan
32c
1.40
1.12
Toronto General Trust——
Jan
•
Jan
,52
—1
Mortgage—
30c
...
•
O'Leary Malartic Mines
•Omega Gold Mines-
1.02
"52%
Toronto
60c
•
.-Okalt*-
Feb
33,125
52
Preferred
Feb
22c
2.85
106%
1.13
1.02
42
Jan
2.97
3.HP
Jan
38C
Ventures, Ltd.
Gold MInea
O'Brien
101%
2.15
29c
33c
130
20
Feb
.
43.150
„-i:
ft ....iT....ir.... i
,
Elevators—
Jan
Feb
25c
35,100
Jan
ft 86
Tip Top Tailors.
Toronto
Jan
;15c
Feb
1.13 Jan
200,700
.*
North Star ;Oil—
1.03
Jan
24
21
30C
Jan
1.20
Mines ———u.*
Gold-
_
Jan
lie
15 Vic
ft
Northland Mines
Canada
27c
1.600
71,358
r.75
—•
.
27%
742
1,25
90C
ft
Jan
560
28
52
,
*-
Gold
60c
Jan
85c
2,425
1
—
Mining
63
8.900
1
—1
Malartic Mines
30
70C
3.70 Jan
1.840
13
29
f
83
Mines—
Consol
95c
Jan
13
26 ft
-
1.10
Thompson-Lund Mark Gold Mlaes.
ft
Jan
Jan
10
1.20
Thurbols Mines
22c ft Jan
21c
13
50
8%
Toburn Gold
24.000
Feb
85
8
21%
Jan
2.60 Jan
27.300
40
13%
40
31c
•
(G)^ common
Teck-Hughes Gold Mines
ft245% Jan
60c
4.1C9
.
i
—
Feb
40
101%
Jan
.Feb
Feb
14
20
ft
12
29%
1.50 Jan
43c
Jan
130
7c
Tamblyn
; v;.), V(;
12,300
11
17
91c
32
Jan
,
35% Jan
-16
42 %c
Taku River Gold Mines
Feb
245
8
245
29
24
37% Jan
25
Feb
Feb
3.65 Jan
60
u.i25
Sylvanite Gold Mines
18 "; ; Jan
110
Noranda Mines
Preferred
70
750
Nipissing Mines
Inca
Cons
Surf
„
2.08
Jan
50
99c
—1
—•
flnntftct. •;
Sullivan
Feb
17%
29%
...
Mines
Mines
Norseman
Sudbury
Feb
26
58.150
Calumet
Northern
Feb
91c
Jan
17
'
...
Yellowknife
Normetal
100
Jan
29%
-
.
Bidlamaque
Norbenite
Jan
70c
22%
933
Jan
Jan
1.66
43
.
-.-ft
95
3.300
.
1.73
106% 106%
■
—-
25
38c
Jan
Feb
25% Feb;
70c
Jah
21% Jan
47c
Feb
Jan
1.63
Feb
1.20
44
—*
Rock Irnw
Inlet
16%
27
16%
26
Steeloy Mining Corp.-—
Bleep
Feb
Jan
1.22
Sturgeon River Gold
77'/a
297/a
29%
par—.—.—.—.— : •
ft■
50c
1.00
Brothers
Feb
74
?40
ft 67,200
25%
13%
jcommon..,.
12
35c
„
20
Negus Mines
Jan
12%c Jan
Feb
Jan
Feb
15
26,500
•
Steel Co of Canada "nmmnn
Preferred
V
6
14c
26% Feb
2,150
103,003
100
'
Stedman
Jan
Jan
Jan
5.50
•
60C
-
Feb
3,060
27
1.36
1.30
preferred
Standard Paving
Preferred ....
ft
30
•
common
Preferred
Sewer
23%
•40
v-.
Feb
Jan
94
40c
2.09
—
11
13,100
ft
37
10c
;
16,900
45c
T6V4
Feb
9%
Feb
;; 85
2,00
v
Sturgeon
390
99
82c
26
6,765
9,200
Jan
105
Feb
32%
.
1.71
;;
Rights:ft—...—
5%
i
Feb"
17c
35
'
I
I
19% Feb
80
87
56c
,
•-
Standard Chemical common
Jan
74
Lac
.National Steel
75c
Malartic
Jan
35c
Corp;■ common....——..
Long
SO.
99
77c
24
South; End Petroleum^..—
Southwest Petroleum
'
Springer
33%
1.91
.
mItipb
Bladen
Feb
Jan
23%
40
1J*
Starratt Olson Co—
Jan
Jan
8
1.20
1
^
50c
9c
104
16%
-■'-ft u 1- ft,
■
?
1.75 Jan
Jan
5
100
•26%
*
•: •„
r-ft
|
,
105
-
—
ft
36c
6,100
25c
40 c"
30
Standard Radio —.J—
13c
2,706
....
Porcupine
Montreal Light Heat
new
8V'hC Jan
17%
60,200
io»/4c ny»c
1W
12
Gas..—..
B
Jan
•
52%- Feb
Jan
1
:
common
Jan
106
26 %c Jan
455
io%c
preferred
37c
34,520
360
19%
39c
Jan
20c
13
Jan
6c
62c
44
>50c
2.00
a
19% Feb
73
Jan "•
1.48 Feb
760
10,030
Feb
1,360
42%
44c
■
ft
■
18,100
23c
1
45c
20-
53c
52%
32%
2.04
Feb
50c
27
new
Stadacona Mines
8c
7c
19 Vi
Moneta
Nicholson
27% Feb
20%
33c
Mines
Mining. Corp
National
4,190
;
41c
Gold
Lake
Mid-Continental Oil'M
National
'30
35% Jan
7c
.
National
Jan
1.53
Mercury Mills
Mosher
Jan,
14%
74
Mclntyrfc Porcupine Mines
Re& Lake Mines
Moore
24c
106
„
McKenzie
Monarch
ft35c
17%
McColl Frontenac Oil
McWatters
88,300
—
Jan
1.22
-51
16%
Slscoe Gold Mines—
2014
17%
105
29 V*
Red
Preferred
t
'
Jan
1.34
new
2.20 " Jan
29 %
18%
common
Dairies
Jan
Feb
Feb
25
64c ft, Jan
41
ft Preferred newi ft-ft
57,200
6,165
25
iftft
40c
•ft
Gold Mines—i—*
f,
42c
37C
19
'
:
Feb
59c
15%c Jan
98c
35c
Jan
22
—
,
Jan
4,000
32»/4C
17%
20
681
—.—
Simpsons Ltd class A new—
.f
37,200
40C
Preferred—
McMarmac
ft.
/
14c
36C
Gold
3,545
•
9
v.^——
Silverwoods
1.66
10c
1.45
IOC
Martin-McNeely Mines..—........
McLellan
Preferred
ft
ft
10c
1.50
ftfti;
105
Brewery common-
Class
Marcus Gold
McBrine
-f
3.75 Jan
5%c. Jan
17
Feb
Jan
Voting trust
Jan
95c
ft
> 80c
32%
Sigma. Mines ....;—
Silknlt Ltd common.;
v
.5.45 Jan
Jan
Jan
14
460
Maralgo Gold.—.-i.—
Massey-Harrls
4%c
9,300
Manitoba & Eastern
Jan
56,700
25%
Sicks'
3.39 Jan
1.22
common
Shawkey ___
Creek
f
Jan
ft,ft
20 %c
Shawinlgan
7.50 Jan
3.75 Feb
4.40
Jan
-
preferred
5.00 Jan
4.00 Feb
51c
__100
;
Pherritt-Gordon
Jan
Feb
26,600
ft-
1
JLO
—.
!'
Jan
38c
26c
59C
13c
Feb
•22c
14%c Feb
54C
5.85
45c
3.35 Jan
9% Feb
,
4,07
Sheep
4.50, Jan
50
,
ft '37% Feb
10
Feb
10,300
.
Senator Rouyn, Ltd...
|
Jan
10,600
12c
;
Maple Leaf Milling Co common..
Marlon Rouyn
"
Feb
19c
5.50
ft
70o
10
62c
34
30c
85
Feb
17,350
Feb
5.55
1.70 Jan
17,800
76c
305
preferred
65c
19.407
Fields
Gold
Malartic
New
ft
130
Magnet Consolidated Gold
28,700
37
Gold Mines Ltd
14,100
15,478
Feb
68c
Jan
.
17C
Scythes Ltd new common
.-•■ >
32
21.740
Mines—
18c
85
16,600
Gold
Red Lake
Corp
Mines
Sannorm
Jan :■;•>:
;
Feb
755
MacLeoa-cocKshutt Gold Mines..
40c
7%c Jan
62c
^T—.——
Gold
Sand River
ft
3.45 Jan
34.075
—
32c / Jan
3,500
26c
preferred
A
Feb
36,200
16C
38
Mine
Gold
Ban Antonio
y
1.46 Feb
5.460
Madsen
Class
1.55 Jan
16.275
Mines
Lake
Lawrence
St
7%c sJan
——
_—
MacDonald
North
70ft
Jan
Jan
1.70
Jan
60c
Jan
23%
'
Ryanor Mining
24
1.25
Jan
37c
65c
Saginaw Power preferred
Jan
Jan
17%
15c
Royalite Oil
Rush
1.85 Jan
1.00
1.03
.
High,
.
Jan
Jan
33 %0
34c*
15C
•Russell Industries common
Jan
76,250
Yellowknife Gola.
1.45
1.65
24%
Jan
Jan
—
—i..,.-—
1.44
ft: 23 f
20C
Jan;
16.500
■
7,243
TO,215
22%
St Lawrence Paper
Mines
Gold Mines Ltd.
Groceterias class A——
18,467
Class"; Bft
22
,Jan
11,866
—
Gold
Macassa
New
.
19%
72,400
22%
—
;
15c
41c
13,300
1.25
20c
1.40
77o
1
Feb
•16c
1.10
I8%c20%c
'
-1.12
23%
Feb
7.80
m
14,800
-Royal Bank
Jan
31
29%
Lundward Gold Mines
Nib
Feb
85
; -
Class "B"
New
Jan
1,200
Lingman Lake Gold
New
19c
26%
ft'";". 525
31
Little Long Lac
.
Jan
Feb
7.'15
18C
Leitch Gold Mines. Ltd
Lynx
14c
8.30
—
Lebel Oro Mines
Loblaw
Jan
7.00
31
2,200
85c
Rouyn Merger Gold Mines
Roxana Oils Co
Jan
8.00
31
Lapaska Mines
Laura tiecord Candy-
Louvicourt
1.46
7.00
&
Lexinden
Jan
'8.00
common
1.75
79c
Roche Long Lac——.—
Rochette Gold Mines———
Jah
28
Tl.-.
Jan
23 %
25- ft:.: 1,520
'.'
23%
24
1.60
80 c
—v—-i..—
Jan
Feb
Low
1.70
Riverside. Silk class A—.—
7.50
Range Since January 1
High
Gold Mines——.
Richmao
21
57,200
ft:;; v/-:;5"
ft.-
Jan
1.10
1.35
1.20
1,27
,
Shares
9%
^Reno Gold
1.70 Jan
2.00
2.70
Mines, Ltd
Sons
Lapa Cadillac
Jan
.
Lamaque Gold Mines
Lang
;
25%
9.40
Mines
La
2.10 Ff
ftJan
15
36C
& Exploration.
Gold
Fortune
Lake
.27
2.30
1
Townsite
Lake
.100
6,912
ft,
.27.,
.
17% ft /,
16%
1.90
Dufault Mines Ltd
Lake
27
—
..,
Quebec GoldQuebec Manitou
Queenston Gold Mines
Quemont Mining
Reeves-Macdonald
..——...
Regcourt Gold Mines——.
Feb
26c
.
for Wee*
Low
Ja
9c
1.01 Jan
12.000
30c
28c
Feb
2.49
;•
Mining
629,388
—1
—
—
Labatt (John)
Labrador
2.10
,16%
Lake
Kirkland
1.25
ft.
*
Kerr-Addison Gold
Kirkiand
227
28c
1
of Canada—'.
Co
4c
1.95
—
Kayrand Mining
Kelvinator
4c
v
•
High
Low
4c
4c
I'
Range
of Prices
Last
Sale Price
BTOCK8—
<
1
Range Since January
;
High
Low
Gold Mines.
J M Consolidated
•
Shares
of Prices
'■ •'.*4','v''v',v;v;»<,y- •;r.
1
Range ft for Week
Sales
Week's
Thursday
,
!
Last
Sale Price
'ft/ft STOCKS—
r
RANGE F0RWEEK iRNDING-;REBR|WRY^2;/7;;^777.7i
.
Sales
Week's
Thursday
'■*.
Monday, February 25, 1946
COMMERCIAL.^FINANCIAL CHRONICLE
THE
;ft
Jan
96 ft- Feb"
24;
Feb
/*///:/
Volume
163 / Number
'
.
I
/'
\///•;
\
\
,
J; /
i
Last 1/1
^Canadian
Western
2
Lumber
—5
•v
4,275
—.
25
Jan
Jan
107
Feb
40c
Jan
2,515
,
95
95
1.60
1.90
33
34
1,215
-
'Oil
z •*
—
-*'i.
'
•
,
i
«
47
48
;
Bros
Reliance
_
—.8
Feb
39
Feb
.
21%
32%
....
4,
,
2
Jan
Feb
2,200
4%c Jan
2,875
2.70 Jan
./
56%
52
'57
95
52 Z Feb
58%
Jan
20
50
19
22
Jan
«
Mining
—..
3
3%
.
....1
3%
-
15c
17c
18c
2%
300
.
Feb
13c
as,eoo
Feb
Oil
15
25
Jan
27 %
Jan
31 %
Jan
157 V
Par
Low
High
15
22
265
18%
Jan
22
Feb
35
19%
Jan
23%
Feb
25
100
23 %
Jan
26
Jan
10
10
■'/, 5
10
Feb
10
Feb
17%
19
6,368
14%
Jan
19 %
Feb
16 V*
Jan
27%
Jan
21
25
,
625
345
23%
25%
5,465
31
31
134
47%
50
150
44%
44%
...100
Feb
Jan
25%
Feb
Jan
31
Jan
56
Jan.
28
30
50
1,890
28%
67
70
1,256
33
895
31%
•'
177
common—..*
Aircraft...——
32%
22%
1,087
29
27%
*
common
46
46
26%
§5
'28
67
—
30% Feb
■
45%
25
-
"Feb
20
,
30
'
......100
Products
Jan
157
Z 885
....•
...
Feb
157
22% "22%
mrnimm
0^
35
23%
55
17%
102
y ■
//./'29/-:
Feb
Jan
/ "72
Jan
30% Jan
:
175
:
"z:
26
30
Jan
70
Feb
56
/
Feb
530
Feb
Jan
Feb
18%
Jan
102
.
8%
/ 7%i Jan ;
50
Jan,
32
Feb
177
Jan
17.
Feb
33
//
Jan
,.21l/2
,
25
103
Feb
29%
Jan
63%
100
17%
Jan
46
Jan
26
600
55
•
Feb
Feb
24
-
25
8
7%
•
51 Z Jan
••//
iZ
.44% Jan
/ 44 % Jan
176
,
177
23 7/b
—^
Ottawa Light, Heat & Power...—..100
Preferred ^——...^wu..*....-..il00'
'
Jan
Jan
775
__
Ottawa Electric Rwys
Range Since January 1
/ Low
High
43%
,
31%
*
Ogilvie Flour Mills
Shares
y.
:
Jan
Jan
30%
1 Noranda Mine3 Ltd..—
for Week
of Prices
105
Jan
Montreal Tramways
-Sales
Range
Last
Sale Price
55,%
Z
12%
19
Car
27%
.
175
30 V*
Ottawa
Feb
Feb
30
Steel
Feb
47%
40
17%
Preferred:
/ Week's
Thursday
STOCKS—
23
395
—,* "
Breweries.^.;
Ontario
Jan
1,011
30
|
133%
15
.*
common—....
Preferred
Fund*
Feb
124
Feb
26%
National Steel Car Corp...:..—.—.*
Niagara Wire Weaving—
Canadian
Jan
Jan
29%
(Prices for Friday Feb. 22, will be included in next week's compilation)
53%
15
National Breweries common....—....*
Montreal Stock Exchange
Feb
Feb
104
Montreal Light Heat & Power Cons—•
Montreal Loan & Mortgage.—.—...25
3%- Jan
33c. Jan
47
25%
25
(Robert)
Molson's
;
Feb
Jan
25
43
•
pfd
: McColl-Frontenac
5.00 Feb
Jan
41
i
36%
*
Massey-Harris
>
•}
Temiskammg
Ltd
i Mitchell
"
536
v
3
/Lindsay (C W)
Feb
7c
6c
20
3,750
23
47%
104% 104%
22%
.*
Secord
/ Legare
Feb
4.50
*
24
50
*
Feb
5c
—
Ltd—
Lang & Sons Ltd John A
a
Feb
*S2Vz
4.00
■-■/
5c
;'v
•
Z——i-
common
25'
25
51// Preferred-100
53% Jan
4.00
—r*
——
5
Stop & Shop..
•
Co
/Lake of the Woods Milling common
Jan
23
Feb
18%
32%
5,160
:
i
124
..———100
ILabatt (John)
2.15 Jan
Jan
Jan
1.00
95
2
20
32%
20%
.
'■'r
common
Grain
95
47
975
49%
2
•
1
/Price
Jan
1.75
124
/
Jan
40%
3,126
Jamaica Public Serv Ltd com.——*
1
(Laura
»:
Paper
_:
Jan
23%
50
High
/>''■•/
Jan
46 %
705
IInternational Utilities Corp——...IS
Feb
45
i'.
'
common
Selections
20
Feb
92
,2,350
33
Jan
16% Feb
10
1.75
85c
39%
10
1,180
46
International Power common..—^....*
Preferred
Low
17%
33
50
: •47
/International Petroleum
Jan
Range Since January 1
180
36%
V,; 43
;:l;^::-VPreferred-,/-/--..^lliL■Vr:„-:^ft;/:X^^^^^lOO•:
71
Shares
'//22^:/:.22%.
43%
4.0<L Jan
21
for Week
High
36%
18% Feb
2.10 Jan:
Low
,
,] International Nickel of Canada com..*
[International Paper common
15
Feb
20
•
•
IV-i
•60.
Sales
Range
of Prices *
Preferred-
3.80 Feb
Jan
Jan
10,269
63c
Par
International Bronze coirfmon.^.——* ///^. V
Jan
/•//' 10
107
43
—15
-
.
Jan
16%
—*
5
16
16%
,
Ogilvie Flour
2.95
57
800
i
39%
41»/4
•
Foothills Oil & Gas
...
23%
•
common.
! International. Paper common
Langley's Ltd common
2.65
18%
Sale Price
High
Feb
Week's
•>:'//
Last
STOCKS—
>16% Jan
4%
9
59%
58C
58c
*
Ontario
3.50
107
—.
'Hayes Steel
&
-1.500
23%
•
«.«•
»
Bridge
Textiles
4%
16%
.
.y
m
100
t,
Disher Steel preferred-
V Minnesota
17%
•
:
preferred..:
;
Dominion
115
2.60
— —*,.
.——.—Z..——
Dominion
Low
16
59%
1
14% Jan
High
'
_—
Oil
///////////■:/ ^ 5'^: v/:;
Range Since January
Shares
3.20
———
Consolidated Paper
Consolidated Press A—
Sand
V
'
*
■
Thursday
for Week
'-.
4%
4% :
3.30
*
/Canadian Westinghouse
Coast Copper
RANGE FOR WEEK ENDING FEBRUARY 22
147/e
1
Marconi
1
Low
*:
Canadian
Dalhousie
Range.
of Prices
Par
j,
•Canada Vinegars:
/Consolidated
-
Sale Price
.•/
•■T''-,
;//.••/•■-/,
"Sales
Week's
Thursday
vv/.-v'/ -:'■'//''■■//:
STOCKS—
i
';i/w
i CANADIAN LISTED MARKETS
-
///::///?
///
-
THE COMMERCIAL & FINANCTTm oiTRONICLE
4467
Jan1
Jan
.103
~
Acadia and Atlantic Sugar A com
;
5c/e
J
Acme Glove Works Ltd com
»?
•
•
Aigoma
Steel
Preferred
i
Shoe
mm
common—.
mmJm
Canada,
100
•„
'
v'
&"•:
Bell
'100
24
103
../••
Z
711
153% 160 "
150
2%
31%
191
Ltd
Stuck flillf Mills
i
■
;
-
Canada
Cement
.
,
5%
■
•'*/
19%
Feb
526
181%
Jan
i
B
16%
Jan
20
Feb
12%
Jan
14
•
12
Jan
14%
;
Power
*
.\/:155
60
8
2,425
88%
2414
32
105%
'
'
mrnrn,
'
32- Feb
Z 37%
Jan
15
102%
Jan
106
18 V2
Jan
//•.•;: 20
Feb
14 y2
Jan
;:'vrr 16"'/
Jan
12
:
Feb
/
Jan
1.00
Feb
/
206
13%
//■•"
2,605
i\-
1.00
1.45
85
83
85
4,217
265
—
86
86
91
170
170
*
•
-22
18%
13%
76%
.
47
.
Jan
4/
5%
•'Jan
// 6%
preferred
Jan
/
Jan
*i,
18
Jan
20%
Jan
Jan
35%
Feb
67%
Feb
f; Commerce
42%
215
40%
Jan
42%
Feb
40
200
35
Jan
40
Feb
29
52
193/4
28%
50
Jan
29%
:
17
125
47
Jan
53
«•
Players Canadian Corp.....
*
Foundation Cc of Canada..
...*
•
5% preferred, —.—............100
-5 VstVc, preferred :
.......i,..
100
Feb
22
Dominion
18%
150
3,299
Feb
35
Jan
39%
Jan
24%
100
—.*
;/ Howard Smith Paper common.—.—..*
*
655
17
Feb
18%
90
78
Jan
91%
*
Imperial, Tobacco of Canada common_5
.—i—:—....—_—.__.£1
43%
footnotes
see
page
■
240
50
31%
41%
Jan
29%
75
Jan
48
305
Jan
.
Jan
17% Jan
Feb
/:
100
29
Feb
30
Jan
20
21%
16%
Feb
38
22
19%
Jan
26.
26
25
Jan
10
Scotia
24% '!25y8
34
34%
23%
24%
20
22%
26
21% Jan
33% Jan
10
Nova
'22% Feb
Jan
21%
Feb
Feb
25% Feb
,
35
24%
Jan
Jan
Feb
Montreal Curb Market
Canadian Funds
(Prices for Friday Feb. 22, will be included In next week's compilation)
50% Feb
-
Thursday
31% Feb
445
13%
Jan
230
93%
Feb
41%
40
ft
42%
3,520
40
Feb
45%
Week's
Range
Sale Price
14%
15
1,910
13%
Jan
15%
Jan
10%
10%
15
10%
Jan
11%
Jan
33
33
300
31%
Jan
STOCKS—
Jan
15
of Prices
Sales
for Week
Range Since January 1
/ Shares
33% Jan
'mmmm '
'/
.'
''
'
'-mm
mm
179
.
5.240
23
275
241/4
25
2,955
94%
174
14%
14%
15%
114
.',.Z
Jan
13%
21%
24 Vi
180%
Jan
16%
i 24 V,
Jan
Feb
109%
425
110% 110%
95;
175
605
16%
23
24%
180%
14%
15%.
95
302
90
:/./15
165
14
Par
Low
*
100
7%
8%
5,815
7
Jan
96%
99%
1,035
93
Jan
-*
61%
61%
250
61% Feb
14%
15
470
14
Feb
Feb
Belgium Glove & Hosiery com——
5 % preferred——
—;
18%
19
350
18%
Feb
19
Feb
Feb
Feb
Brandram Henderson.
14%
75
10
Jan
15 /
Jan
Jan
Jan
> Abitlbi Power & Paper common—
6%
cumulative preferred
Atlas Steel Ltd—
1
—
Brewers
Feb
Feb
174
5
15
14
14%
27
27%
46%
47
.'
Columbia
Brown
Company
Preferred
Feb
:
Feb
,
v
,
of
Van
Packers
*
Ltd
....
—
•/
'
49
125
39%
180
86
108
108
3
107
Feb
27
-27%
610
110% 110%
51
109
150
32%
180
620
14% Jan
110
-rnmmm.A'" ;•*/
.
2
110
110% 110%
;
Jan
/
34
28% Jan,;
16%
Feb
Jan
Feb
Jan
: Canada ?Vinegars
Ltd-.—-..-——.—*.
•: Canada Wire & Cable 6%% pfd—--100
//Canadian Dredge & Dock Co Ltd../—*;
105%
Jan
110
Jan
111
Feb
19
Feb
Canada North P Corp Ltd 1%
Feb
110
50
Canada
-
—'/-'I
;
19
995
20
107% 107%
r:,';
55
i
/
106
20
55
55
-v;'
•.
35
■-M
'W /" 9%
9%
'14%
16%
840
10%
11%
1,310
15
32
31%
111
42
32%
3,125
111
160
43%
468
Jan:
20%
f:
55. /' Jan5
9
.
> Feb
Jan
9%
•
Jan
V
Feb
/17 %
Feb
9%
Jan
12%
30%
Jan
v/'. 33"/
Jan
Feb
37% Jan
112%
45%
Jan
Feb
B
General
Industries Ltd
16%
16
15/
:
16%
6,228
Jan
17%
15%
2,240
13%
Jan
15 %
Feb
400
Z Z7%
Jan
8%
Feb
36%
/Mi'// Z
Jan
Feb
*
pfd—100
21
........—
Investments
class
Ltd—♦
B
16
21%
/
16
28%
16%
17%
Feb
Feb
21%
Feb
16
Feb
16%
109%
Jan
Jan
Z 29%
Jan
25
/ 18
Z..,^260'$v/15% Jan
80
200 206%
Jan
106% Feb
55
,*
29%
111 /
21
1
28%
Jan
Jan
Feb
25%
50
106% 106%
Feb
108
/ 163
Feb
206%
Jan
Feb
,
5%
•
..
preferred—^
.
Canadian Marconi Company
Canadian Pow & Pap Inv Ltd
5%
63
7
100
,———...100
63%
-
2%
14%
15%
14%
16%
Canadian Vickers .Ltd common
*
1% preferred
:———100
/ Canadian Western Lumber Co
2
Canadian WestinghousC Cd Ltd..;
*•
j
61%
Feb
Jan
/;
Feb
5%
Jan
3%
Jan
Jan
:
Jan
18%
Jan
Feb/
12% Feb
13,500
59%
9
100
16%
Jan
115%
Feb
Jan
3.80
Feb
98
490
3.55
Feb
Jan
Jan
4%
4,075
105 115%
63%
Feb
100
1,75
125
3.15
63
/ 4%
13%
312
2%.
com—*
preferred ——;—^—*
-
1>"
2,475
4y« / 4%
1
-450-.-124
7
100 /
257
2.95
:
Feb
14%
Feb
62
57
Jan
11%
Jan /
17
Jan
19
15%
Feb
16%
Jan
Jan
16%
Jan
Jan
15
8
U./-. //
>
//■
...
/
/', /-;/ :•"
Canada Ingersol Rand Co.—;——•
Canadian Int'l Inv Trust Ltd
*
Feb
110
7%
'•
I
14%
.
class
Canadian
Feb
55
Sugar
Canadian
■'
Feb
107%
Dominion
Packers
f Feb
95%
Jan
35
Canada
/
Feb
4,497
95%
;
&
6%
7%
92
16%
Jan
.
Jan
47
6%
50
Feb
15%
—
29
es
Feb
28%
Jan
-1
20%
Feb
100
30%
31
18%
29%
49
■
18%.
14%
Jan
' .1,1
/ Calgary Power Co Ltd 6% pfd-^-.-100
18%
Jan
100
common..
—
Ltd
Feb
15%
13
819
Distillers
Jan
62
38
Z 535
46%
British
Jan
&
High
9
100% Jan
26%
,168
27%
V
16%
14%
————
Low
High
/ British American Oil Co Ltd———*
Feb
95%
Jan
510
/
15%
Feb
Jan
32%
112%
Jan
174
8
//
'
1065.
Jan
10
Feb
43%
15%
; 102
_*
_—_100
—
Feb
Jan
•
Preferred
15%
95
Feb
Feb
15%
r-4///
com
15%
90
28%
10
Jan
1,870
18%
96
100
Mining—
Industrial Acceptance Corp
Feb
Last
....*
;
25%
28
.10
Feb
50
__
'
Preferred
Feb
Jan
Feb
21%
31%
•
Imperial Oil, Ltd...——
20
24
Jan
13%
250
15%
43
—
Goodyear' Tire Pfd Inc 1927.^_..._50
.—
Feb j.
.
Jan
34
—...10/
...
Montreal
'
Bridge
23
27
Jan
36%
84%
19 %
Gypsum, Lime & Alabastine^i..
127%' Jan
?/ Feb
22% Jan,
,
Jan
17
245/e
17
86%
Famous
•
Jan
Banks
Feb
1,010
29
common
13%, Feb
25
....
—
iCanadienne
Jan
22%
I
General Steel Wares common..:
Preferred •.......
Jan
Z; 77
Feb
59%
35%
*
English Electric class* A_._^...
«...
175
8%
*
preferred
Feb
51%
i.
Feb
60c
33%
13%
mmmm
mr*-
100
Corporation
Feb
Feb
,87
25
common
27%
<
328
18
'
Preferred
Hudson Bay
75
Feb
695
52
•
...
(Charles)
u.'
.
Feb
;■
1,900
29
18%
•
....
1.75 Feb
86
109
15%
,
74%
118
99
19%
40
■
...
common
35c
98
Dominion Tar & Chemical common...*
Preferred
100
/Dominion Textile common
•
Power
22
67
42%
mm
..*
Preferred
115
1.
Dominion Stores Ltd
Electrolux
51%
18
*
..——35
.
12,336
60,835
60c
65
rnmmm-
,v,
'■
Dryden Paper
*
/
•Jan
U
25%
35.15 35.15
•
j
——
24
51
51
Coal
——;
5
45c
«*—
..*
,
Feb
16
79 ///Jan.;
84
165
11
25
Zellers Ltd
5
(/■
Feb
45;
'
—*
-
!
Jan
24% Feb
100
16
■; 12
■
'z^,:
'
Jan
Jan
•
,
Jan
94
Jan
"29
1
22%
Royal
v--
Jan
465
19%
Winnipeg: Electric common—.t^^..—.*
Preferred -4..-^———.—^..—.100
Jan
Feb
9%
36%
Feb
21%
:
29
—
Feb
■/
"
50
22%
Ltd
Jan
.
Feb
86
3,970 "
42%
15%
32%
907
/
106
19%
15%
175
28%
Wilsils
52
com^
Feb
21
.
Jan
•
Feb
18
,
103% Jan
9%
..w—«
common
102,
.
17% Jan
33
:——.—*
Feb
22%
•
.
Bridge
Preferred"
/For
Jan
76
...
(Geo)
26%
-•
....
,
[/;■/ Preferred
Weston
Jan
?
•
15%
106
•—
z
Walker Gooderham & Worts
.45Feb
Jan
*.
i.:
IS-'?,
Jan
I
/
590
42%
~„.100
Wabasso Cotton
/Feb
•>'
18%
Dominion Glass common.—.
...100
Dominion Steel & Coal class B_
25
•
120
752
r<
_
26
t
■;
Feb
>
47%
preferred
25
1 Dominion. Dairies common--*——.,*
Hamilton
—
t Tuckett Tobacco preferred—....i..l00
685
mm—
—
—
Gurd
loo
18
23
Z
/.United Steel Corp—.—i—.—*
45
Jan
20%
32
11 Rights —
——
——109
/ Steel Co At Canada common——..—*
.}
Preferred
i—..25
Feb
Jan
6i
55 // Feb
3,575
Jan
86
24%
*
Feb
v
29%
•
17%
100%
32%
87
100
com
-.Feb
19
145
^
Jan
215
66
Ind Alcohol common
-
;
Feb
26
*
Davis Leather Co Ltd class A
..//.. Class B
Distillers Seagrams common
'
/ 24%
22
loo
r
(
Jan
51%
•
.............
■
Feb
26
25
Cockshutt Plow
/
Jan
31
//
20%
25
J Consolidated Mining & Smelting
I Consumers Glass
s Crown
Cork & Seal Co—
?
23%
Jan
51
—
*
__u
t:}'
f*
13%
Jan
:
Feb
'
Standard Chemicals common—♦«.«.—*
Jan
5
20%
•
.....
Canadian Locomotive
Gatineau
14
Canada
common
Canada
Feb
Jan
20
8%
mrnrn^ -'r ' -v.
"
'
51%
Canadian Pacific Railway^..—.....25.
(
20
14
Southern
,
Canadian Foreien Investment
;
45
Feb
,26%
10
...
preferred
of
Simpsons Ltd preferred
1 Sicks' Breweries
31% Feb
114% Jan
<13 l*.rirJ®n
,-..245
'
59%
,
33%
14%
/
23
Jan
101
105% 105%
8%
Southam Press Co——
20%
3,915
t,„.
26%
13%
—•
Bronze ^common—.
Preferred
1 Dominion
145
26%
■
*
Rights.:.-.i-^j^^.^«.^...
/ Dominion
173/4
•144
Paper
Sherwin Williams
Feb
23%
>130
Lawrence
mimi'''fiy'-h
50
Jan
20
■-
827
Jan
72
Jan
30.
17%
preferred
Feb
•
/.'■■
Class
867
16%
//
21%
20%
20%
Shawinigan Water & Power—
.
Jan
50
£&,
—
'
>
*
Wire & Cable class B
Canadian
24%
/
4VB
/
'
Power Corp.....
Preferred
i
30%
455
101
—
30%
Jan.
20
•
Canadian Celanese common—.
/
Preferred
.i
[ Canadian Cottons common..
•
27
250
1,000
32%;
55
101
Power
23 %
255
405
Transport
i.
58 Vz
.......100
19
Jan
Jan
45
Canadian Car & Foundry common....*
j ;
;
Feb
'^22r/
4%
17
17%
145
18
26%
395
23%
•
*
......
...
Northern
Canadian
:
A
22% Jan
192
5,104
21%
110
22
14%
-U " -•
Saguenay Power preferred
—*.100
I St Lawrence Corporation common—c.*
Jan
125
72
22
31
34% Feb
•
Canadian Breweries-common
.•
•s
Feb
35%
-
70
Feb
Feb
30
*
ii.—
preferred
Canada
4%
30%
10ft
y. n,;
Canada Steamship common
/ft
12
101
30%
21
j
.
•
Preferred
Canada
Provincial
Quebec
Feb
31
■
,
•
/-■'
Canada Iron Foundries
"/
Feb
Feb
3%
29
23% /
30
Forgings class
"'Class B.
*y
160
835
23
preferred
108
Jan
19
27
30
common
*//'• Prafarrftrt
6;. Canada
5%
Jan /
Jan
34%
'
/
Price Bros & Co Ltd common..—^—*
Jan
Jan
|
70
Power Corp of Canada—^.—..—....*
106
9Va
*
i
Feb
98%
...
!
130
-
—i
common
34
'
Jan
2
/
191
18
27%
J*
Building Products class A
;
•
Bulolo Gold Dredglng.i—.5
:
26
103
314
20%
189
*
.
Light & Power..'.—
■ib British Columbia Pr Corp A.—
Cla$S'B ...^w.~—^.—
,
Feb
Jan
...•
Placer Development
1
i Powell: River \Co—.
St
British Amer Bank Note Co
•
21
1,398
/
323/4
30%
19%
100
Mines
Jan
1,737
3
'
Brazilian Trac
31
Tubes.
Penmans Ltd
Feb
Jan
'
5
.*
Telephone
Bralorne
Feb
17
103 >
0,030
Z
100% 101
mm mm.
V
1,830
10%
9%
'■mmrnm
106%
103
Jan
*
29
50
j
Jan
Jan
14% Jan, 'Z
100
-
Page-Hersey
t
•
Bathurst Power & Paper class A
i
10
'
107% 108
■"
»
*
j—
——
•
•
Jan
24
Jan
103
25
30
21
■
'mm mm'
—
...
Corp
^
103
103
22%
I Argus Corp common...
—'
f
4% r'o convertible preferred-...
100
H; Warrants
i
-I Asbestos
'
85
16%
103
29
''''»
"#—• -5
—100
Aluminum Co.; of
mm
20%
1,400
:$
106%
16%
mm mm
common.—
Aluminium Ltd
z
*.,-
— -
223/4
105
6%% preferred.—100
Agnew-Surpass
•
22
*
100
preferred
37%
105/. los¬
// 400
/
io
15%
32%
105
Jan
Feb
38%
106
Feb
Jan
/ Cassidy's Limited—
—^
—-—1
1
Catelli Food Products Ltd common---*
v/'
5%
preferred
—
Chateau-Gai Wines Ltd—
-
14
14
17%
15
'■:/ 16
*
12 y2
13%
200
17%
15%
/
/•
•
40
125
225
i
7
Feb
.
\
THE COMMERCIAL & FINANCIAL
1064
CANADIAN
RANGE FOR
Last
•'
Range
of Prices
■0^
Cut;
Range Since January !
•'
Low
y-_
STOCKS-
of Prices
High
55c
V.*
•
V1'/"■ 1
,V"
y'd'"-'
'
'
60%
Low
7%
C". 550
.
18%
32
.2%
Jan
6%
Feb
Feb
32
Jan
'
Shares
Nigh
Low
27
188
41
5
Stock*-
50
41
50
Engineering Works Ltd—_*
Dominion
Oilcloth & Linoleum Co. Ltd____*
Dom
.40%
T-vv- •'
'
Square
Woobens-
340
Feb
[ Arno
2% Feb'
38% Jan
•..•16%
*'
17%
0
17%
-18%
•
v: Jan
*
:
11
Mines
Beatrice
•.■■0.::>
Ltd——!
Red
'v ' 13%: 14%.
coni._*
Eastern Steel Products Ltd new
fairChild Aircraft Ltd..—
—5
Federal Grain Co class A—.——*"
Aircraft
Fleet
Ltd...
Feb'
7c
Feb
i
Fraser
Companies
Freiman
Ltd
;
.29%
31%
-1.00
1,900
56
•
:——■
bd
i,
Feb.
Jan
•-
-53-:
Jan
1.25
Jan
17 %
-
Jan
Feb
58 %
<-
Feb
20
35
i Dome Mines' Ltd_.i„
East Malartic Mines
.Feb'
»<
Jan'
15
Jan
8-
32%
•
.
•>
75e
1,999'
<
20
20
9%
Jan
29%
150
17% '
>•: :>•>
-<
-
-
Jan
5-%
555
81'
J.
(A.
East
?
Common
;
Jan
30
Feb
32% Feb
Feb
33
Feb
54
16%
Jan
.
Feb
'
Feb
t
Hydro-Electric Securities Corp—
v:f.
:■
.
.
{Y:,■+
.•
6% Jan
'*
r
75
Investment Foundation 6 °/o
conv
79%
Feb
10%
Ltd A——•
pfd_50
(Canj
International Paints
Jan
Feb
16%
Jan
52% Jan
Inter-City Baking Company Ltd——100
,
Jan
8
52%
Journal Publishing
^s'
(-r'%\p,s
*
I Goldale Mines
John
St
Co.- of Ottawa Ltd.*
Paper
<.
i
-
14%
„
Power—
&
Goldvue
Feb
40
:
15
)
Melchers Distilleries Ltd common_._L*
Preferred
--
2 Minnesota
15 :
14% Feb
50
"•
Jan
Jack
Moore
105%
Power
111
111
19
110
53 y8
75
46
'37
:'Y::
38%
37
175
.
f
Jan
Reliance Grain Co Ltd common J..
*
■
•
!v f"
Y.;
•'i-a
20
•
I-'
£
1
''!r (•*
•
~
;
Jan
105
20-
.20
108
;
i
1
......
l
.1
■
Mines;
16%
i
Jan
23% Feb
■;
' •'
Feb
28c
1
-
'
Feb
8.00
1
Ltd^00;y:0yy,0
\l;17:Peb
.1.45. Jan
7.5(1 Jan
V,
3.75 Feb
36c
'
;
Btscoe
/ 12
2,443
Jan
u 2">c
.
,
Gold
306
18C
18C
4,000
28c
29c
;4,ooo"
1.25
1.25
1.80
2.00
1.01
.t\
:
1
<::
:-M
•
..
t';,
■
Mines. Ltd
3.20
•10,500
! 1.01'Feb
*
1.33
15,512
33c
6.900
3.30
27,915
.5,000
1.00
37c
Jan
.KV l.ol
>
Jan
Feb
31c
2.80 Jan
*
Feb
96c
13,500 "":;"25c' Feb.
23c
Feb
1,000"
39C
23c
Feb
65c
800
1.00
A
....
Feb
1.67 Jan
1.15
06c
Villbona Gold Mines.^
"Jan
600
>
2.90
.0
15c
027c
.
'
1.25
31c
j
;
Jan
^
300
95c
''
f
~
Feb
24c- -Feb
■
1,000-
1.22
^v
A
:
.
.v'
1
—*
j Surf Inlet Cons Gold
Jan
'
28C
•'
0
l.i
!
Ltdi
Bullivan Cons Mines Ltd
;
Jan
26
125
29%
29 %
—
1
'
Stadacona Mines 1944 Ltd
Standard Gold, Mlnes^..
i
11
100
12
2ac
26c
•V 37c
•
Sladen-Malartic Mines Ltd..__
;
5;
v
.
}j^7.30* Jan
1
Mines
■
Jan
0.290
1
•
Feb
31c
Jan
9.85 Jan
v
•
;
Feb
2.07
,__i
Quebec 'Yellowknife-
Feb
Feb
JPeb '
54C
Mines Ltd—1
Waite Mining^....—
Sherritt-Gordon
20
.
108
108
Ltd class A——
Screw Co
1.00 Jan
17,300
Gold—II.I—III
f| Rochette Gold Mines
y Ser.ator-Rouyn- Ltd
%"■
Barnia! Bridge Co, Ltd..
Southmount Invest; Co. Ltd
Stowell
1.45 Jan.,
2,200
Vv ] *,+.
'1
Red Crest Gold Mines Ltd—
Jair
p
Jan' *-
49c " Jan
12,500
t
- ;
| Pitt Gold" Minesi..0w..-.*.._w
\:.-!«V;':>'v?.'i!-
x? Preferred .y.-.-—
36c'
*"
Pandora Cadallfc Gold Mines Ltd—-.1
Pato Cons Gold
Dredging Ltd_^._
.1
53%
Feb;-'
•
Omnitrans. Exploration
Quebec Pulp & Paper-7% red pfd. .100
_
3.25 Jan- '
£ 1,200
1
:
Norseman Mines -^.1—
Ltd^_...Ci.—4'
»•'
100
I Normetal Mining- Corp i.t*f '
v.-C 'i**
!
Feb-1
,4.35 'Jan
1.35 Jan
Newi Louvre...
.
'
32
>'
O'Brien Gold Mines. Ltd...-
1st pfd— -100
__50
part;2nd' pfd—
f_.
.
X"T2c" "FebV*;"'
MacLeod Cockshutt Gold Mines^_.__._l
i
i
Corp of Can. 6^
NC
Jan 0
2,000
1'
—
Macdonald' Minea £tdl.:...-.-
|
;
pcotia tight & Power;Co Ltd...*;"
)'•,
43c
■ ■:
Lingside Gold Mines
106
■5!
Nova
1 Jan
50c
,;49o0 Jan
'
'
__
Corporation
.Mount RoyaL Hotel Co
Feb 0
'
-•
*
( Kerr Addison "Gold. MineS1.;
y Labrador Mining & Explor Co Ltd
& Storage 1st pfd._30
Montreal Refrig.
t
-
Ltd..
v.
Ontario - Paper Co_'._l—
&
r
Feb 0
35c ? Jan*;
60C
'
:
Joliet-Quebec Mines Ltd
16%,
_.__10
-—.—
33<r
37C
■
Lingman,Lake Gold-Mines Ltd..-—^.1
| Louvicourt Goldfields.,.—
^^...1;
40
•
29%-: 29%
t
•
'*
f
•
«
lIOO 0:i
pfd
14%
.
.
comraon._L*. 0.
G.%
Oil
McOoll-Frontenac
Jan*';
400
'•&l'-'l
Hollinger Consolidated
i J-M Consolidated Gold
Jack Lake Mines..
;
| Massey-Harris Co Ltd 5 % pfd—s—10H>
13c
300
Mines
Lake iShore
'
JJdaule Leaf Milling Co- Ltd
Jan
Qoidora Mines - Ltd
>
] MacLaren Power & Paper Co..:—l^..—
15o
Jan .0
010c
—
•j Goldbeam ■' Minea^.-: .A
j
*
Lambert (Alfred) Inci
»-w"
—1
Lowney Co Ltd——•
Lake
"
17c ' Jan
Feb
'
i
Formaque Gold Mines Ltd—
-
t
~
| Found Lake Gold—l_0
V
10
Co
Insurance
Jan
30c
-
™lj_1
;
Mines
Eldona Gold Mines Ltd
!
19% Feb
.
Sullivan
Fontana Mines (1945) Ltd
I
Jan
110
110
54
32%,
15
125
110
30
Preferred
Halifax
Feb
Jan '
9C
1
Elderidge Gord Mines.....
s
"'0-E. ,<
«
33
110
—
"
Feb
57c
Feb
21C
1—11—5
:,tEIdeV^-',G0ldv Mines-,—100
Jan
20% -Feb
,
*'*••©'
Goodyear Tire & Rubber of Canada..*
Lakes Paper *v t c common......
34c
;•
45
i
I
'
Great
V", '
il%c Jan
f
Feb '
■
•'.V'.v.f.'-'V "r'*?'. V0:-7AC
:;0. 17%
mm
1001
__
Feb
0140
Gold Mines Ltd..
1
Central Cadillac Gold Mines Ltd____.l
Centremaque- Gold Mines——
1
Century Mining Corp Ltd—
| Cournor Mining-
5%* Jan
•
Jan
39 %C
i Cartier-Malartic
v
Feb
14%
-;-
4Va Jan
6
325
515
29%
Corp Ltd com__0_*
Foreign Power Sec
G%
red pfd
395
;
8%
6%
class A—
Ford Motor Co of Canada
-
4%
4%
y!
i.ssf
•
.....—
00-855
Feb
Feb
__l»
M Corp.
-
-13%
Feb
41
.
| Brazil Gold & Diamond
17%- Feb
•18 %
1'6% Jan
4,475
Jan
26 5
-1
12%
Jan
25c
'l.-* '
Gold™—~™~~l
Lake
_
i»ar
Jan
Jan
p
Beaucourt Gold Mines—_Vj.,rjl
; Bonville Gold Mines Ltd—..
l
i Bouscadillac Gold Mines-Ltd
Jaft
.41
>
13%
-
870:
51-
.J
'
19%. Jan
-25-
'i ;,26 ; v;
25
y—
;
—__1
Co Ltd—
Donnacona Paper
":!y
——*
Corp
Dominion
Dominion
45
29% Jan
Jan
39%
-
;
100
High '■
■
25
250
12 %
41
.
27%
12
_«
('!■■■' *'£V.:-V'
%V;'
V
Westeei Products Corp -Ltd.
Windsor Hotel Ltd™i
Woods Manufacturing Co__.
)
Jan
8%
1.85 Jan
525
.•
Feb
118%
Feb
30%
.40
'
90c
"75
,.16-v- Jam
18,267
!:::
32
.2%
''.'0
7%
255
7%
.16%
Feb
>'60 > Feb
;; ;5% Peb
-,25-.
5%.
i!;v s%
17
55c
1,834
65c
60%
v
Preferred
A
y".
yw"
v
Range Since January 1
'
\.
"
•
Sale Price
Low
'
General Adv com..—
0—_v—..100
Commercial Alcohols Ltd common
.*
Preferred
——5 y
Consolidated Paper Corp Ltd
.*
Cosmos Imperial Mills
i—;
...—Cub: Aircraft Corp. Ltd.™——
Neon
Claude
AVeekVo'
Sales 'r
Bto|»'t ;(«r Wtel
Thursday-";;
Shares
■
Pari;
MARKETS
ENDING FEBRUARY 23
Sales 0
for Week
Week's
Thursday
Sale Price
stocks—
LISTED
WEEK
Mpndiy, February 25, ,19.46
CHRONICUJ
23c
8
;J '•
ls^ pfd
Stores 6%%
Thrift
1
•*'•
?
United
'
! *v.V
yr''...!
;
_
40
27%
'30.^ ifan
.30
.
'if
v
.... —*
Canada Ltd...
United Distillers of
40
,27
—
...
Corporations class B
Wiltsey-Coghlan Mines'
:
'
;-
Oil'
24%' Jan
10
125
15
14
i.-l
100
Stocks- 0
Home Oil Co
Jan.
Ltd^_..w..^.l.
V. M
'
4
Ltd.^'.'^—
Homestead Oil St Gas Ltd.
<n»
*******
•
V':*VV.
s,
i dtp mis t" v-i'-.i'
•..
..Ussiatfe
bnonVt ■
-
Transactions at Ihe New York Stock
Exchange
Transactions at the New York Curb
Daily, Weekly and Yearly
Week Ended Feb. 22,1946
•
"
Saturday
Monday
Tuesday
Wednesday
.....
Thursday—
...
Prlday,..^^...,..0..0...^.i.lL.w.0-.^.'
United States
Total
Foreign
Government
Bond
{Number
Bonds
Bonds
Bonds
Sales
of
1,563,400
2,300,530
2,145,920
1,538,320
......
v
Railroad
and Miscel.
Totals..-.-
.
•
$172,500
281,600
8,529,000
397,000
6,884,000
329,000
8,419,800
281,000
Holiday
;
$6,000
30,500
33,000
43,000
31,000
$143,500
$1,461,100
$34,348,200
8,976,860
...
$4,102,000
6,413,400
1,378,690
-
$4,280,500
6,725,500
8,959,000
7,256,000
8,731,800
Stocks
,
Week Ended Feb. 22,1946
Saturday.
Monday™,*:
.'Tuesday—,1-^—,
Wednesday
Thursday
Friday-..
;
Vv
*710.000
*900,000
0—^
-
™™
.
"
Government
$64,000
164,000
$3,000
374,000
356,000
-
30,000
26,000
43,000
Holiday
.
...
*4.260,000
,
.
Stocks—No. of shares.—.-
$122,000
1,461,100
Railroad Sc industrial
$1,689,000
;
$35,952,300
listed
on
the daily closing, averages
are
the New York Stock Exchange as
$47,924,400
•
■■
i'::l
Bonds
Date—
Februarv 16-.
February 18.
Indue>
Rail¬
road*
tle»
204.41
_
66.95
40.90
trial*
76.65
65.37
40.46
196.13
62.86
39.10
Bank
of the
Bank of New
61.86
38.44 .1
10
-
Grads
Utill-
Rail*
Ralls
tie*
.
.
t
109.99
40
Bonds
109.63
71.76
51
Chemical
Bank
Commercial
100
15
Bank-.
&
Trust-—.;—10
National
20
119.24
119.24
102.72
110.02
109.64
Continental' Bank
119.27
102.01
109.94 •'
109.43'
Corn Exchange Bank <fc
106.56
119.31
101.71
109.99
109.39
Empire Trust
119.15.
101.91
110.30-
109.46
Fiduciary Trust
First National Bank^......
Trust
Co
Si
1-
133
116%
43 V*
137
120%
■
45%
„
51
49
Bank Si
~
0
452
53
440
Brooklyn Trust
National
34%
32%
100
Central Hanover Bank & Trust 20
Chase
■
Bid
•
..-10
Yori_
106.56
75.43
102.73
Total
City Banks & Trust Cos.
Par
Mafhattan-Co.—10
106.50 *
106.56
73.08
192.38
i''-lAv;'
Second
Grads
Indus¬
Stocks
201.63
-
First
10
165
Utlll-
trial*
>
10
10
Total
1*
The actual figures were unobtainable at press/time,
New York
Bankers Trust
Stocks
.
....
1
of representative stocks and bondi
compiled by Dow, Jones & Co.
»■-
20
Trust
10
50%
47%
21 %
.
23%
'
February 19,—'—__
February 20
__
February 21u
'
__
February 21_—
For
_
_
footnotes
195.12
63.34
3^.26
195.62
63.34
39.26
see
page
1065.
.
.
73.15
•
.
_
-
-•
106.47
;
1945
2,948,215
-
♦Unofficial volume is shown.
'
30
$2,020,000
$4,000
'
43,757,400
Stock-And Bond Averages
Below
0
_
Total—
TotaL
^
1,000
.
$327,000
1946
*4,260,000
Foreign government
Poreign corporate
4,045,000
34,348,200
"
Bonds 1
-
Domestic
'
Poreign
Total
*$260,000
*540,000
*420,000
*400,000
*400,000
Corporate
$196,000
373,000
390,000
,
$143,500
0
;
Exchange
Bonds {Par Value)
Foreign
: 0
*930,000
*1,010,000
*710,000
;™
■
«,
-
7,388,880
Bonds
v<iU. 8. Government:
0;
'
$35,952,800
1945 :.
.;;,0
8,976,860
;•,&«
Foreign
Week Ended Feb. 22
0;
?;
••
Domestic
Week Ended Feb. 22
Y;yv: 1946
iy„w
-
Shares)
,
__
_
Total
Stocks—No. of shares..
-
Daily, Weekly and Yearly
Stocks,
Number of
Shares
•
,
v'Jr 4m?.
':
•
.
'
.
.
Holiday
!
Trust_20
_50
62 %•.; 64
122
126
.4JL -' ' 44;..',
.100 f,885
.
1,945
jOO
National
Bid
p»r
_100
Trust—
Pulton
Grace
205 0
190
215
y :;
:
-
■.
t
100 360;
369 ■ y;
Irving Trust
-—10
19%
20%
Kings County Trust!
....100 1,955
2,005
Lawyers Trust
25
49
52
Manufactures Trust Co com__20
63%
65% 0
Morgan (J P) & Co Inc
100 .336
>
342
National City Bank
12Va
47%
49%
Guaranty Trust
-
25
117
47
113
Public Nat'l Bank & Trust—17Vi
45
New
York
Sterling
Trust
National
Title Guarantee
...—.
91
& Trust—_12
f 22
100
785
United 8tates Trust
y
,0
*95 > y
23% ;!
.
815
.
,Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4467
VW'
,■
J06S
OVER-THE-COUNTER MARKETS
/V*
QUOTATIONS
FOR
THURSDAY, FEB.
For Quotations on Real Estate Bonds
Specialists
:v"'.
'■
in
■
OVER-THE-COUNTER
Shaskan
SECURITIES
i-'vV
*
Firm Trading Markets
=v,;-VVV:/V■
Wakd
Established
in
Wires to
Direct
CHICAGO
Tele. NY
—
Chic
'T
1
7.35
Series
K-l
K-2
29.72
Keystone Custodian Funds
1
5.06
5.54
Series
Foreign Investing.lOo
11.98
13.00
Series
Series
Inv
Tr
of
(Cont.)
.
7%
8%
19.10
20.54
Series
S-3
4l>76
Series
8-4—■
S-2
.
America
106.99
—
Inc
111.45
—B
24.40
42.64
22.52
24.68
Canadian In? Fund Ltd-iiwiiT
■;
4.25
4.93
35.90
38.60
Conv
4%s—2019
income
Fund——
Loomis
1993
•
Mass Investors Trust
Mass
————1
13.56
14.67
Securities com—100 2,925
3,025
—-.—100
146
153
.
•;
82
.
'"
&
Rio
Income 75-year 4,/as—
com
—
-
—
'
St Louis & San Francisco
102
com..
.
103"1
85%
:
.
83%
—
Grande
Preferred
Francisco1st 50-year 4s.^———loi
8.13
——I——100
preferred
vf...v.
Denver
St Louis & San
-::r
120.80.
54.90
53.80
;:
Commonwealth Invest---1
■
7.25
24.65
-
>26.98
16.93
>
•
...10
J'
16.76
18.32
.
15.54
1
12.04
13.02;
.
/....
.
stock
series—-—-
First Mutual Trust Fund——5^
Aetna
i.if*
.
34.19
6.49
7.43
General Capital Corp
—•
General Investors Trust—.——I
V"
46.95
American Alliance.....—,—w..10
__4
6.17
8.391
American of Newark
5.63
,
Chemical shares—
9.28
8.23,
Administered
10.20
8.05
10.82
10.35
11.37
7.14
7.85
13.17
General bond shares—-——
^
Surety.;
Automobile
8.87
9.75
18.29
Electrical
7.11
Machinery
Merchandising
10.53
Metals
Oils
-
•
^
,i
.^.10
•15.63 ?
12.72
i 13.56
Continental Casualty^
5
Crura & Forster Inc—.^...10
11)71
12.87
60%
Federal
10
Fidelity & Deposit of Md
20
Fire Assn of Phi la
10
11.07
fltAei
10.30
Fireman's Fd of San Fran
10
12.22
Mining shares———
Petroleum
shares
6.55
3.89
Firemen's
7.20
6.95
—
9 37
u„>-,;,v•
&
Petroleum
Trading
—18
Putnam
1
17.I8
18.47
4^29
4 83
5.31
(Geo)
Fund
6.31
6.94
Tobacco shares————
5.12
5.64
Republic Invest Fund——1
Bcudder, Stevens Ae Clark
Fund, Inc-—
•
Selected Amer Shares—2%
Sovereign Investors——!
Utility Shares—1————
6.97
7.67
Standard
Railroad
stock
6.29
shares—
6.88
Steel shares.———
:
6.92
7.57
—
Utilities
111.55
113.81
14.30
-
15.59
7.66
Foundation
Common
Fund Inc
•
——i——100
1.87
1.92
Incorporated Investors—^.—.0
30.89
33.22
89c
lOo
—
Insurance Group shares—....
Stock and Bond
,
,
,
1.22
Group shares.
V.)/
-
16.99
/%'- ;'
,
.
1.05
24.93
.12.50
—.20
Pacific
Fire————
Indemnity Co—
70
Preferred Accident
107%
17
5
Fire.—.^....0
111%
Republic
Revere
18
56%
58%
Globe
15
43
15
96%
American
35y4
10
Flre..M.M........10
42
7
30% V
...10
Fire
24
series
Series O—;
9.65
55%
;37»4
37
33.53
36.45
38%
10
17.21
60
Keystone Ouste^las Funds—
...
B-l—28.99
30.37
Series
B-2.—
28.46
31.17
Series
B-3——20.54
22.54
——
Series 1955...—
92%
39%
42
1975
106%
107%
3V8S—1975
108%
109%
—
—
Recent Security Issues
Bid
7.70
,
8.75
2.85
3.18
Vr::; Bonds—" \
Arkansas
-
•
.
Pow
&
Portland Gen Elec 3V8s
,•
Lt
3y8s—1974
109 vV
Pub
110
3.79
.
3.29
Birmingham Electric 3s
California Water 3Vis
1974
108
111%
112%
1975
105 %
106
.
22%
Vt
Pub
Serv
2%s
Conn Lt & Pwr 3s ser K—1980
Erie
RR
2s
—1953
101%
108%
102%
105
103%
105%
Minnesota Pow & Lt
vi 3s May
1,
1956-1946
April 15,
0.80%
100.14
100.16
lOlVir
1013/8
105%
-
106
v
101%
1,
1, 1955-1953
iy2s Jan.
1,
101V2
1950-1948
1953-1951
1946—
Panama Canal 3s
iyas Oot
2j/4S Feb.
Ask
Home Loan Banks—
b0.90
0.80%
1975
109%
104%
tMar 15,
1946—
tDec
Int. Bate
1946—
15.
1
—
tMar 15 1947
ISept. 15,
JSept. 15,
1947.
1947-
1%%
;
Bid
100
1961
100.16
133%
>
101.2
100.21
100.22
101.20
.
•
JWr.,., ,,w-.
\
""**
.
^
•.
.0720
.0795
"r
.
*'
105%
108%
1975
-
104
.Par
4 #>——..100
108%
109%
Monongahela Power 4.40%—100
Edison $3.60—'—,
111%
'112%
Ruppert (Jacob) 4y2——100
& E 3.90%——100
108!%
Central Pow
& Lt
105
Potomac
110%
105%;
Sioux City G
Union Oil
(Cal)
$3.75^;
—*
,106;
109%
106%
107%
107% '
108%
V
Ask.
b0.375 0.28% ;
b0.375
0.33%'
b0.375 0.33%
b0.375 0.33%
May>2,^'1946—
May 9, 1946—.
May 16, 1946—
May 23, 1946
Bid
Ask
b0.375 0.34%
bO.375
0.35%
b0.375
April"^&,!l946__-4t.
April 25/ 1946—
0.35%
bO.375 0.35%
bO.375
0.35%
.0839
♦'/®s Dec*
.0716
1,
0830
~
.0918
..;x
,:.1046
to
.1174
.0882
.1051
w
i
-*0844'
.1159
.1043
b0.375
a
Odd
Stock
dividend.
lot
0.34%'
b0.375 0.34%
April 4. 1946——i—
.0910
.1022"
1937—1—.0973
il»& March 1, 1947
.0831
.0799
——"
1946
t%s JaR. ^ J2.47-—
.
106
105 V8
108
-.0928
.0737
Feb.
V,
105%
1975
1986
2%s—
ApriLTl/M^46yj.J.L
Treasury Mil*—
February 28, 1946—
March 7, 1946
March 14, 1946—March 21, 1946
March 28, 1946———
0899
.0841
l7/as Sept. 1, 1946
°ct> 1» 1946.;—
$%s Nov. 1, 1946_
^
)
Bid
point
t7/eS Aug 1, 1946
101.21
a
■
a
t7/aS May 1, 1946
t7/aS June 1. 1946
t.09% July 1, 1946
v
'1
'»
2%s
Power & Light 2%s_1975
Pacific
'
Rates quoted are tor
t%s
-
100.17
1%%
105 %
102 V*
134%
Certificates
'
100.19
—1%%
105
102
,.1986
102.8
Maturity—
Dollar Price 100 Plus
of Indebtedness—
Bid
Ask 1
April 1,-1946
.0606
.0689
Art
100.1
'
„100.18
1%% ; 101.1
|Sept. 15. 1948.
%
1%%
106 ^
104%
Other issues
Figures after decimal point represent one or more 32ds of
;•
105%
•104 y2
'
S Conversion 3S———1947
Quotations For U. S. Treasury Notes
Maturity—
27/8s_"
Preferred Stocks—
107%
1974
1970
1975
1975
El 2%s
Pacific
Art
1975
(Okla) 2%s
3%s
Western Lt & Tel 3s
106%
Narragansett Elec 3s
Natl Dairy Products 2%s
Union
108%
106
Texas
IO8V2
108
1975
Mountain States Power 3s
Bid
Federal
107%
Monongahela Power 3s
Power 27/8s_
1975
Montana
3y8s_.1975.
Co
Texas Elec Service
102%
108%
Laclede
Obligations Of Governmenlal Agencies
Reading
Southern
Houston Lt & Pow 27/sS--—1974
Page 1064
(Indiana)
Sioux City Gas &
111
Kans Okla & Gulf Ry 3%s.l980
Gas Lt 3V2s
1965
FOR NEW YORK CITY BANKS & TRUST COS.—See
Serv
Public Serv
106%
1975
Cent
——1
Series 1956———————i
U 8 El Lt & Pwr Shares A—
Federal Land Bank Bonds—
.:63
89
.2.50
U S Guarantee—
Westchester Fire——
22.25
.
—
North Amer Trust shares—
.
Series
521/4
18.13
20.40
D
4
—2.50
Independence Trust Shares—•
-•>
'•
»
41%
685
50y4
Diversified Trustee Shares-
16.84
.
58%
39%
136 ya
132
11.90
25.73
*
Unit Type.Trusts—»
Investment Co of America—10
'
82
79
.12%
—10
670
.130%
32 y4
26
10.55
10.88
18.61
Investors Fund O
iH.1
0
...10
....10
15%
44%
8%
—10
(Texas)
(Paul)
Standard Accident
33%
125%
Corp (NY)— .—a
Travelers
——..—.....100
% U S Fidelity & Guaranty Co—3
U S Fire
4
46
100%
31%
:
V:L4/.'>'
Springfield Fire & Marine-—25
12%
8
Hanover
8
—.
Security New Haven
.
65"-
101 )
Seaboard Surety.—
21%
Great
62-i*
6t Paul Fire & Marine
27%
42 y4
Glens Falls Flre.M.^MM..M....0"
Globe & Republic..—.—......B
10 7
•
'
Reinsurance
19%
Rutgers Fire com
preferred
103
Providence-Washington
25%
&
96%
97
178
70
40
2nd
28 y*
97B
93%
23.80
Fund
24.57*Union Common Stock Fund B—
1.14 [
Union Preferred Stock Fund
1.34
Wellington Fund—.1
■
Northern
i6%
25.71
21.77
—
1.18
A——
Newark..
54
•
62%
General Reinsurance Corp new 10
Gibraltar Fire & Marine
10
Hartford
B-——
Series
■
-
62
~',r-
-25o
Bond
union
\v'•
-
Industry Shares
Trusteed
V V
Institutional Securities Ltd-**
Aviation Group shares——1 18.77
Bank Group shares———.
1.03
'
.
8.39 i
98c
59
■
State Street Investment Corp
Income
Franklin
7.64
:
of
-32%.
;
15
8
Phoenix
67
35 y4;
•
—2.50 •S 26%
—5 •:;JV 87'a
—
37%
59%
171-
Vi-
33
51 %
"
67
10
215
30 y4
10
—.
46%
35%
31%.
-V7%
,
—.10
River
>
70
205
Amsterdam Casualty. .—a
New Hampshire Fire
New York Fire—.
Pacific
9.10
8
6%
—20
44%
11.90
11.13
;
h
13.93
,■„
,
34%
66
a
New Brunswick
Northeastern
79
Employees Group..
Employers Reinsurance
loi::.
r
29%
(Detroit) —10
10
North
76
10.42
Casualty
25%
10
.ya*27
-
V
Connecticut General Life
p*iirpa«t
Railroad Bond shares——
RR Equipment shares
—*
V;
23%
17.86
Railroad equipment———10,83
——,
<
23%
11.20 y V
.
•
,
.77%
21% "
9 48
;7
'S New
'7%
85%
75
Fire..——i—itZ• I
Merchandise shares——
•
ey8
82%
•
10
17.57
4
19%
'
National Fire
City of New York
12.68
32%
National
V
Camden
0
—
V National Liberty^
National Union Fire
—25
Boston new common
17%
96%
Casualty
Monarch Fire-;
.
■
12.25
10.68
—m
;
74
American.^.ZZ>——3%
Bankers & Shippers
1
Merch & Mfrs Fire N Y—
13%
225::
11.18
Low Price Shares—11.08
Investing
-
12%
12.34
;
'■
-
^ 43%
Merchant Fire Assur—
•16.94
>16.00
——
—
Baltimore
s.
110%
40%;
21 %
35
10
■"
.
107%
'
26
11.58
—
9.93
10.54
*
11.30
16.27
equipment
Insurance stock———
17.%,V
•„
10
Maryland
10
t
14.23
Speculative-^^
Diversified
33>/a
16
10
Massachusetts Bonding.—., -12%
36%
10
_25
•
11.63 i
Diversified Investment Fund—
14.45
9.59
Reserve
15.57
•12.99
9.58
V
American
——.
6.46
Industrial Machinery shares—
Institutional bond shares—,—^.
Re-Insurance
16.66
—
9.04
shares—
American
chemical
11.88
—
Electrical Equipment———
Food shares—————,
Fully
.
■,
■
,
18.01.
Bank
stock—————
11.82
Building supply—!■ io.28
Business
Equipment—---—
15.43
-
^
Group Securities—* .
Im Agricultural shares————..,
Automobile shares---.^--— i
Aviation shares———r—
Building shares-
31%
25%
.13%
24
2%
;
17.11
V
Fire—.
Insur Co of North America
Art
51V'
.48
_S
,
.'Homestead
95%
12 Va
Casualty
5,
American Equitable—
_.B
American Fidelity & Casualty.O
American
Automobile
/ Aviation
Home
59
-i
34
Automobile
American
V
6.60
59%
23%
American
New York Stocks Inc—
—
6.28
-
^
Hartford Steamboiler Inspect-lO
.
'
92
~~
7.21:
■
37.47
Fundamental Trusty shares Ai-3
57V
Bl<
"Par
98V2
•
Jersey Insurance of N Y— —20
14.18
Fundamental Investors Inc——2
in
20
^
Agricultural
10.90
•**
r
Aak
Bio
Surety.——94 V2 '
;10571/*
8.94
6.45 js
sise
f
&
.....
7.28.
9.87
ipeculiive
8.37
Aetna Casual
11.04
8.13
«
Rnlpnfp/l vfipvinci-
30.01
'
2.72
stork seripa
«.3Lti New England Fund——1
Fidelity Fund Inc—28.78
Financial Industrial Fund; Inc.
2.48
8.28
.
9.95
Low priced stock- common—.** £
preferred stock series———
.
Par
Aetna
7.54
Dow priced bond series-—^-*.
r
.
(
f
income/series—6.59
28.85
18.11
Insurance Companies
16.08
—
Bond
1.91
^
Fund.
———1
Fund——--1
Stock
Inc
Securities—
shares
Industrial
•
Balanced
: 17.22 ^
National Investors Corp—-
-
Baton As Howard—
32.31
16.01
National Security Series—
-U——22.80
..28a
1.73
Dividend Shares
-
'
_
Delaware Fund-
6.65
.
Balanced
30.05
1
Fund
Invest
Nation-Wide
>
—.*—4
Fur.d
2d
Investors
Mutual
Preferred
<
5%
106
98
100
;
t>
>
—
Preferred
9.26
118.38
Sayles Second Fund__10
Manhattan Bond Fund Inc—
Fund
Chemical
Christiana
-
1-953
"fayIsland &
,
''
80.
17.20
,
•:
96
,.lst 3-4s income—
..
19.69
,
Stocks
'§
104
if Issued)
and
as
•
* ;
,<
1994
Denver & Rio Grande—
income 4%s
——2018
32.69
10.41
Century Shares Trust
-
NY
46.10
bullock Fund Ltd——1
Teletype
Ask
•
.
8.35
7.41
-
Loomis Sayles Mutual Fund—*
26.24
Broad Street Invest Co Inc—8
.
15.64
...
Knickerbocker
Indianapolis 6s Louisville—
1st 4S
34.47
17.90
.
Bid
Chicago Rock Island & Pacific—
—
S-l—, '31.42.
38.84
1
.
Boston Fund
24.03
B-4—
6.72
Axe-Houghton Fund Inc
Bond
11.78
21.91
Series
IV*
Fw
'
" Axe Hoyghton Fund
Bell
,
'&1«7zrz±zS8
Ask
12.92
Art
11.26
VAssoc'ted Standard Oil shares—.
,
Wi
Bid
10.27
American Business Shares
American
••
Reorganization Rails
1
Affiliated Fund Inc
(..'•!,/,■
1-1287 & 1-1288
PHILADELPHIA
Investing Companies
Mutual Funds—
.*,•v;;•
Phone:
(When,
Aeronautical Securities
Co.
&
-,
Exchange Place, New York 5, N. Y.
DIgbr 4-4950
Bonds—
Fas
y:■*,»
York Security Dealers Association
Members iVeto
1926
Tel:
120 Broadway, New York
REctor 2 ~87.00
Co
&
40
ISSUES
'.(i
Members New York Stock Exchange
Members New York Curb Exchange
v
>
ACTIVE
250
J
r!
sales.b Yield price.
*
d Deferred
delivery,
e
tin default.
furnished by sponsor or Issuer.,
tThese bonds
•
are
.
bO.375 0.35%
k Removed
Ex-interest, f Flat- price,
Exchange,
r Canadian market.
sCash sale—riot included
(Un) Unlisted issue,
xEx-dividend,
yEx-rights.
•No par value,
bO.375 0.35%
-J.—
t Ex-stock
in range for year,
"
subject to all Federal taxes.
-
^Quotations not
-
..
Monday, February 23* 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
1066
the chief
cities of the
clearings
for all cities of the United States from which it is possible to obtain weekly clearings
will be 14.4.% above those for the corresponding week last year. Our preliminary
total stands at $11,121,522,080 against $9,724,716,892 for the same week in 1944.
At this center there is a gain for the week ended Friday of 20.1 %.
Our comparative
compiled by us, based upon telegraphic advices from
country, indicate that for the week ended Saturday,; Feb. 23,
Lancaster--
$5,018,975,299
400,054,378
361,293,062
+ 10.7
512,000,000
466,000,000
+
2.2
Philadelphia
508,162,085
20.1
+
5,488,800
662,864,967
4,082,149
,
City
158,778,674
4,584,698
Pittsburgh
Cleveland
Baltimore
145,200,000
208,025,000
195,045,904
164,263,339'
114,245,704
,.
2,762,386
/■YxvX
5.5
2,028,155
2,100,389
+ 13.0
5,937,100
1,061,138
2,116,284
4,142,400
+
2.6
772,798,705
646,166,917
+
12.3
5,510,542
3,985,454
+ 30.8
+
'
Youngstown
Total (7 cities)-—
*
415.2
2,000,268,354
+ 11.2
$9,724,716,892
116,040,300
1,873,787
1,927,791
+ 11.8
4,119,291
6.2
292,865,649
3,430,025
235,953,471
723,399,899
584,257,47"2
,
+ 34.7
—
•
2.6
—
•+:•.+,X,.
::vv
1,957,684
24,0
U>|
1,348,491 :.r
1,505,065
'
+11.4
6,356,000
6,808,000
7,238,000
•75,981,220
175,699,025
154,543,342
+
13.7
53,718^058
50,590,211
+
6.2
39,282,724
37,704,207
329,541,991
--1.
-
—
Maryland—Baltimore
^
District of Columbia—Washington-
Total (6 cities)—
+ 14.4
+
8,066,000
Richmond----.-
-
1,578,723
>67,036,-920
3,064,304
292,409,499
+12.?
282,362,194
245,799,343
15,884,308
—14.8
^Virginia—
06
+
■
\
•>: -'Y-vYY'; ■
■
Fifth Federal Reserve District—Richmond—
West Virginia—Huntington-^
+ 18.5
$7,724,448,538
$11,121,522,080
613,037,495
256,244,410
20,920,400
\
South Caroline—Charleston—.
,
597,177,624
——
116,768,310
206,152,121
141,885,820
7.6
18.0
+
!-
2,224,304,416
forweek--—.—X———
4,152,742
239,708,351
X
7.6
+
1,436,452,688
day
4,643,252
224,913,501
—
8.8
+
~
5.5
—
$6,287,995,850
Total all cities, five days
1,989,873
2,680,927
Mansfield——
+ 21,1
159,203,285
1,445,013,300
■
124,086,231
221,384,749
17,633,400
20,799,300
—
-
—18.4
$7,452,204,364
—
135.030,662
204,525,284
Pennsylvania—Pittsburgh-Uiwii-^i;;
•f 5.8
153,600,000
$8,897,217,664
five days
five days—..————
Cincinnati
+7.1
122,978,391
•
^Estimated.
i
KM®
Cleveland
+ 70.7
■v
155,230,926
San Francisco
Total all cities
?
District—Cleveland—
Ohio—Canton——i--———-.
9.9
252,000,000
;
St. Louis
All cities, one
+25.4
Y.i
X:YXVX;X
Columbus
297,778,184
*170,000,000
Boston
Ten cities,
i
549,724
1,804,885
631,000,000
:
1,508,960
1,835,920
3,356,245
+
.
—
Chicago
Other cities,
454,708
766,432
754,000,000
679,915,273
—
Fourth Federal Reserve
$t,177,365,983
+ 22.3
+ 19.2
645,000,000
1,741,611
: 3,271,682
1,367,807
1,957,451
:6,201,900
*. w ew we wHhw WM*
(10 cities)——
3.5
'
.
Kansas
X "
—
714,745
1,341,151
2,106,021
Y.V'XxY ."X?
778,979
9.9
2,122,244
r
659,000,000
2,076,032
<
24.9
+
863,436
2,596,402
XfYftX YvY
%
>;:;;;:1945 xX.;:':;
■
+
1
$;•
'"v
626,763
,r
-
—.
New Jersey—Trenton—.w
Clearings—Return! by Telegraph
New York
—
•
425,173
Reading-——
Scranton
••"'v," ;v: •%t 4,103,792 v
WUkes-Barre—i--——i—
1,789,539 •
York
2,064,920
Total
1946
X'X
782,601
.X ■ X: X-' 467,257 ■
;, ;X? 832,830.
Philadelphia——————a-—-.
,
for the week follows:
Week Ending Feb. 23—
tYXxX
Bethlehem—*.—..
•
.
X:Chester-————-^-———
'
>
Pennsylvania—Altoona_—————X';
Preliminary figures
summary
District—Philadelphia—
Third Federal Reserve
increase compared with a year ago.
this week will show an
clearings
•
Y 1943..
$
Dec. %
$
..
Bank
1944
Inc. or
1945
1946
CLEARINGS
THE COURSE OF BANK
2,478,003
14.5
66,666,575
1,963,999
131,760,071 S
77,204,021
+ 23.7
2,454,582
155,107,802
+
,
„
Sixth Federal Reserve District—^Atlanta—
for the week covered by the foregoing will appear
in our issue of next week.
We cannot furnish them today, in as much as the week
ends Saturday and the Saturday figures are not available at time of going to press.
Complete and exact details
Tfennessee—gnmrville
Nashville
In the
ings for the
the cities
from this
it appears that in the New York District (including this city) the totals show an
improvement of 10.2%, in the Boston Reserve District of 7.5% and in the Philadel¬
phia Reserve District of 2.6 %. In the Cleveland Reserve District the totals are small¬
by 2 6% but in the Richmond Reserve District the totals are larger by 12.7% and
in the Atlanta Reserve District by 10.0%.
In the Chicago Reserve District the totals
record a gain of 4.3%, in the St. Louis Reserve District of 9.9% and in the Min¬
neapolis Reserve District of 42.9 %. In the Kansas City Reserve District the increase
is 16.3%, in the Dallas Reserve District 21.0% and in the Sari Francisco Reserve
District 5.8%.
" *
- ;
•
" * ^
v
'
$
2d
3d
Grand Rapids.
'
mm-
7th Chicago
South Bend
8th
City—.—*.—
Kansas
425,706,347
+ 10.0
456,628,318
+
4.3
754,903,533
192,645,485
+
42,9
238,213,068
12th San
,10
+16.3
325,387,458
————w
150,834,965
+ 21.0
173,040,004
+
5:8
566,158,294
.
10,360,797,579
+
9.2
' 11,317,800,559
4,691,219,838
+
8.0
5,237,608,741
11,312,806,688
5,064,330,900
-
We now add our
detailed statement showing the figures for each
i■
for four years:
week ended Feb. 16
x' i'
-x""/ v;
;
■
■'
1945
$
Clearings at—
...
3,379,367
•
377,669;291
1,535,708
1,117,868
-
+ 21.5
2,478,894
14,927,573
+ 36.0
7,516,985
+ 41.2
15,508,740
8,415,899
50.6
759,327
493,429
IA
607,920,199
2.081,038
463,065,370
1,662,177
1944
502,375
.
;
$
**A.
-
|
'
-
2,030,289
6,924,678
695,573,519
New
569,885
354,766,851
58
:
40,058,948:
+
297,883,906
+
>•
Binghamton—
.
512,496
.
4,570,519
53,991,555
5,562,471*
1,522,679
Dakota—Aberdeen
Buffalo
Elmira
—
,
+ 43.9:
:
2,587,346
x
•,
New
York
+ 24.9
7,530,668
6,320,135
5.5
+
15,480,300
+42.9
238,213,068
172,920,419 <
209,271
+ 20.7
356,284
+
14.7
3,958,256
+
21.0
r
65,654,432
3,121,226
6,788,063
+ 15.2
184,431,913
6,107,942
'
484,447
1,058,931
+ 29.2
317,503,149
——
272,987,913
+16.3
Connecticut—Stamford-
:
'
■
410,459,686
—
61,710,000
..
9,245,233
1,085,862
"
6.2
•
.
+ 68.7
...
1,761,900
65,100,000
1,494,011
New
+ 10.2
1,433,163
6,080,191,818
14,283,579
Northern New
Jersey
YY
.6,81(7,306
4,620,739,942
X.
11,705,108
8,771,542
+ 22.5
+
0.1
'-
7,673,463
+ 65.0
+ 12.1
(12
cities)
-
_
Jt
i;J
"
(6 cities)
1* ry-Ui'f* 1 "{• / V
"
;
X;'v
6,182,071
—*
X
j' San Francisco
,
,
;
;:v ' Stockton.—.—.
I.
+ 13.0
43,524,299
35,366,767
Gutslde New Ybrk_—
-5,836,866,960
+ 10.2
6,282,082,429
4,792,879,540
• •
'f •••••'/: T
..
.
.
+
;. r**■
i
s::
•
♦Estimated.
+
14,014,204
3,024,000
1,429,483
4,987,721"
130,734,744;'
•
.
'
+ 43.8
10,896,513
+ 27.1
2,058,366'i
2,622,604
3.0
X
89,757,229
101,522,123
5.1
2,450,029
'73,763,096
25,542,371
.
.
88,886,713
81.242,845
33,733,117
f-
27,494,135
13,883,865
—20.3
T.
5,215,521:
■
11,676,608
3,220,072
5,091,776
+ 43.0
+ ' 5.4
305,251,301
235,552,163
4,356,712
:X' 1,466,865
294,836,000
5,813,067
+ 35.6
6,180,801
2,174,201
+ 40.1
5,605,488
4,892,472
+
14.6
3,244,294
4,617,955
503,749,520
;+
5:8
566,158,294
11,312,806,688
—
>; 5,064,330,900
v-xx
.. ;rv .•.
10,360,797,579
9.2
11,317,800,559
8,879,525,896
4,691,219,838
8.0
5,237,608,741
4,258,785,954
:%;f 310,625,000
y
; Total (10 Cities)—
38,637,910
;VVr c
;
—
Grand Total (111 cities)—
:t
3.522.173
71,463.274
7,885,072
5,757,986
519,340
<:)
.
....
33,699,242
s
3,279,336!
*105,000,000
532,902,390
.
Santa Barbara
487,262
+■
l: 278,683,033'
3,045,871
:
'
fr- San Jose..:
34,772,037
r
78,289,995
32,476,512
.8,682,338
7,282,707
City
California—Long Beach
v' Pasadena
r
+ 32.3
■
1,464,436
954,482
District—San Franclsco-f-
.
•+21.p
f i
150,834,965
Utah—Salt Lake
..
6,429,582,622
-
182,458,581
82,314,155
.
474,722
*.
;
7,489,232
6,337,268
Washington—Seattle.^.—'
Yakima
:y -/A....:
..
;
Oregon—Portland.—
-
—
Iota.
-189,692,993 £
5,472,5871
:
" 173,040,004
2,639,553
TX 1,969.706
.—.J
43,653,873
Y,
+21,0
^4,354,000'
2,208,630
Galveston.——..——
Wichita "Falls—
.
27,810,133
628,136
—
-
7,073,964
18.2
3,028,145
142,031,000
16,136,865
4,294,300
1,832,007
5,717,687
+ 19.4
+ 18.7
33,900,256.
Jersey—Montclair
Newark
7,043,598
1,577,293
1,244,751
325,387,458
'
+ 70.1
15,536,198
4,509,632
■
.
1,302,818
+ 12.5
2,882,240
121,470,000
18,435,307,
'
9,104,389
78,354,342
...
1.6
1,323,289
>
6,814,247
;
69,240,787
2,4)7,959
4,643,326
District—Dallas-
Fort Worth
Twelfth Federal Reserve
+ 23.0
1,982,085
+ 28.5
5,669,577,741
•
4,119,081
372,161,139.
' 'Yi
6,772,592
•
8,664,202
—.
424,732
206.004,591
12.4
+ 42.2
+ 35.1
Louisiana—Shreveport—
7.5
+
J'.. 13,908,585
—
—
+
1,301,595
252,650
222,733
309,939
4,942,875
J 93,641,021
3,163,549 v
7,231,108
.+ 51.5
7,818,886
.
x
.
+ 22.4
4,728,117
80,338,604"
Texas—Austin.—4,903,412
Dallas.*.
—:U-—
145,068,000
'
Syracuse
1,150,971
192,645,485
1,368,379
Eleventh Federal Reserve
-
11,167,800
572,294
;
+ 29.8
;
15,648,886
rirr'-.i
3,307,585
1,340,003
252,687
—
Total (10 cities)--—
14,064,299
6,248,475,788
:
V
-
4,516,183
1,612,331
-
+34.5
0.4
1,052,731
3,997,636 *
—
Pueblo
v;.
1,302,246
42,405,348
5,860,250
City..-—207,353,613 ;
—
■ 8,684,623
Colorado—Colorado Springs.1,758,661 '
Total
1,832,162
JamestoWn
117,261,356
408,654
4,790,925
——-m.
—
St. Joseph
2,434,635
17,668,367
3,211,355
*>'■
57,892,000
3,744,792 !
5,809,546
162,529,793
58,544,962
+16.4
'
—
——Y——i.
-
+13.7
+53.0
ff
3,559,557
.416,237,003
.
278,728,794
332,366,971
9.9
+66.9
+35.6
Missouri—Kansas
414,181
4,615,533
1,681,856
V,. .';
1,028,000'
1,356,000
,
Reserye District—Kansas City—
1,095,864
+ 31.8
'
—
t
•-
202,148,195
Wichltd——————
X
,
1,005,592
1,375,459
833,239
.
3.6
District—Minneapolis-
,
327,439,328
.972,265
,
+17.6.
19,318,700
—
193,400,000
1.7
1,120,174
275,237,834
-
Y—2
York—Albany
+
592,403,182
167,600,000
70,041,846 J
2,299,962
--.
8.3
1,081,692
District—New c>:<
York-
1,972,009-5
754,903,533
4.3
86,368,872
5,142,453
-
rrati. .ha'4 ,.q u>
Second Federal Reserve
+
^^L242,099
-Kansas—Topeka—^—^———■>:
6,296,150
^447,381,480
;;X':2,453,17L^
2,236,469-
+ 11.8
Helena-—-—————.
South
+
20,379,300
cities)—
<12
Total
6,370,432
6,654,614
2,975,053
+ 37.5
170,200,000
,
4,020,901
131,410,318
•46,378,281
4,135,717
1,529,397
1,377,862
3,793,009
"
;;
Hampshire—Manchester—
>;
28.7
327,498,955
:
+ 19.7
1
7,862,989
Island—Providence
P.bode
+ 24.9
80,982,097
North Dakota—Fargo
3,605,416
"
New
7,882,439
45,581.635
St. Paul-
'
—-f
Haven
New
+ 24.1
+
1,926,683
'
Connecticut—Hartford---^---iw.-:-4i;;
5.4
+•
2,630,792
>
90,559,997
Minneapolis
'£
17,094,539
,
,
14,145,293
x.
62,678,773
1,160,185
Minnesota—Duluth—
5,112,931
;
.
4,622,351
20,464,463
-
+
rr
1,463,317
6,739,502
—
8,755,019.
35,554,109
v1,857,147
■
Lincoln.
840,767
■
1,584,871
^Worcester-4—
—
555,890,425
173,100,000
.
Ninth Federal Reserve
{
1943
*
+37.4
:
491,259
-
577,862
,
Bedford
—
■
725,473,037
■
Total (4 cities)—™.,
Tenth Federal
3,537,340
+
'
Lowell--—.
3,296,865 ;■
4,184,808
8,459,384
NebraskA—Fremont—.
Hastings____________ 2 ___________
3.2
+
<
356,962,600
.River—;
6.7
;
3,216,740-:
30,844,000
■
39,236,945
4,258,785,954
+ 44.0
955,678
1,376,401
ki assachusettB— Boston—.
.Sprhigfield-j
36,827,000
city for the
.»■
'
-.
9.4
*
,
Illinois—C^uincy
%
Dec. %
3,487,050
New
5.7
+
3.6
'
Maine—Bangor———————I;
FaR
+
'
16
.
Inc. or
:
'
District—Boston—
'
■
4,534,081
+ 15.4
10^616,371'
>756,396"
563,925,236
;
Kentucky—Louisville
Tennessee—Memphis
8,879,525,896
Y
Week Ended Feb
•
Federal Reserve
5,695,902
6,035,889
3,627,031
3,650,241:;
11,013,717
_
Louis
Missouri—St.
v.v-.-.
jiT--l' -5v.
1946
First
636,640
6,865,603
17
38,584,679
2,279,340
-
Decatur-—2,140,644
- Peoria—1.8,592,402
,Rockford-----Mi^--(£—-JL:i——.
' - • - 3,386,338
: Springfield—
^ 2,406,508"
-r
604.999
9.5
+
20,304,769
■
Chicago—■■
460,846,083
City——w—
323,945,230
3,451,902
■
130,734,744
503.749.520
i————111 cities
456,628,318
+ 18.2
rTo|il (7 Cities)—-——--
182,458,581
532,902,390
Outside New York
>
-
HlinoisH-Bloomington—-
278,683,033
——8
'Total
+10.0
32,185,000
X
3,404,396
10,614,391
,
44,509,866
——
Sioux City—
172,920,41.9
272,987,913
Francisco..--—..... 10
11th Dallas
72,017,882
2,769^120
—,.
Des Moines—
•
278,728,794
332,366,971
9.9 ,+
+
;
213,956
101,709,386
—
707,596
6,319,709
it
Montana^BilUngs---^,---^—
317,503,149
249,297
1.9
692,403,182
297,883,906
275,237,834
+ 17.8
—
323,945,230
695.573.519
7
Minneapolis
'
Iowa—Cedar Rapids—
'r
245,799,343
282,362,194
.
327,498,955 ^
0.6
—
1,885,581
5,031,535
774,717
—
Terrc Haute-————;,
684,257,472
;
+ 12.7
725,473,037
4
Louis-..—*——
8th St.
10th
468,133,752
17
-————
723,399,899
292,409,499
329,541,991
10
6th Atlanta
2.6
—
5,237,2.39
257,530
5,205,075
7,469,437
4,947,266
3,647,180
35,208,000:
;:
••
Wisconsin—Milwaukee
646,166,917
662,864,967
6
6th Richmond
772,798.705
613,037,495
40,037,744
4,935,544
Eighth Federal Reserve District—St. LguIs—
2.6
597,177,'624
7
\
65,582,839
4,893,926
—
—.
Lansing—,
Indiana—Fort Wayne—
——.
Indianapolis
,—-rT
n,„,
4,792,879,540
; 679,915,273
10
Philadelphia
4th Cleveland
9.0
,
SeventhFederatReserveDistrict—Chicago*Michigan—Ann Arbor———
$
6,282,082,429
+
+
425,706,347
372,161,139
+ 10.2
5,836,866,960
6,429,582,622
12
York.
New
57,214,850
7.9
+
1943 S:
410,459,686;
7.5
+
44,707,543/
,
_
$
Dec. %
"
416,237,003
447,381,480
12 cities
1st Boston
$
v
;•
i
57,418,821
-r-
1944
Inc. or
1946
'
+ 26.0
2,181,571
468,133,752
by Federal Reserve Districts:,
'
Feb. 16—
District!
Week Ended
2,218,030
2,577,175
52,343,550
62,385,143
Total (17 Cities)
Federal Reserve
115,400,000
2,953,519
2,352,889
*96,000,000
er
a summary
+
65,961,014
-I-...
.
Total (10 Cities)
having recorded an increase of 10.2%. We group
Federal Reserve Districts in which they are located and
furnish
+ 14.6
166,900,000
2,345,195
2,448,000
Mobile-—
clearings at this center
In the following we
43,662,985
+ 11.5
Mississippi—Vicksburg
303,444
Louisiana—New Orleans—94,207,794
whole country having amounted to $11,312,806,688 against $10,360,797,579
week in 1945. Outside of this, city there was a gain of .8.0%, the bank
according to the
24.0
154,700,000
Alabama—Birmingham
-
in the same
39,310,124
172,500,000
Augusta
and complete results of the week previous—the week;
For that week there was an increase of 9.2%, the aggregate of clear¬
6,935,085
35,594,865
11,411,869
48,732,809
Florida—Jacksonville—*;
able to give the final
ended Feb. 16.
13,532,065
.
,
—.
Macon
last day of the week in all cases has to be estimated.
elaborate detailed statement, however, which we present further beloW*
Accordingly, in the above the
we are
_
,
—
Georgia—Atlanta—
n±
„
:5;
,
j
.iTx;
4,021,088
460,846,083
THE COMMERCIAL. & FINANCIAL CHRONICLE
VWUmeli6^Smmber*467?
1067
-
Company and Issue—
Foreign Exchange Rates:
requirements of Section 522* of the Tariff Act' of 1930, the Fedeiw Reserve Bank ik nowcer-"
tifying daily to the Secretary of the Treasury the buying rate for cable transfers? in* the different- countries of the
wotti; We give below a record-for the week just passed:- •
„
)
<
Pursuant to the
TREASUREPITOEI^TARlFr^T OF 1930^
EXC^ANGEfiEiATES: CEftTIFIE0 BV FEDERAL:RESERVEBANK TO
FOREIGN
7
?
*
,
INCLUSIVE
15, 1946 TO FEB. 21, 1946,
FEB.
-
?
■
■-;:Date
«
Empire District Electric Co., 1st mtge. VAa, due 1969—Mar
Hunt Poods, Inc., 6% preferred'stock—
—Mar
Hygrade Food Products Corp.—? • ; ,1st and
ref.c mtge. con v. 6% bonds, series A and
>
series B,* due 1949—
—_-Apr
Illinois Power 8s Light: Corp,, 5Mf % deb. bonds>due l957.Mar
International Paper Co,, :ref, mtge? 6s,_ ser. A, due 1955-Mar
Longhorn. Portland. Cement Cd., 5% preferred stock—Mar *
•
,
.
Louisiana- S& Arkansas
Country and Monetary Unit
'
Argentina,, peso*—
f
V:.
Official,™
Free*.
_' ,'r
Brazil
pounds-*****+.■
s
.022845
cruzeiro^:®;$
Freft
.-
:
-
,
,
<
,
.
*
,
Off iCial«»i.W:»..W«».»i»W»».».*<w,p'«w,w.»«.iw'«»«i,;£*,+1*»'i»'^ **?.**? ***+'!*■»»??**
„r
022845 ^
^
y
,051802*;
.909090-'
0
.907500
.379324
:
.
.379324
.909090
.301215
'7,
w
.091324
.091324
Sweden, krona—
.238520
.233626
'
rate.
:>
Assets—
certificates
'
for
V
-'\V
-
Total
;
■
ctf.
gold
-
V
-
-
>
r '
'
13,060,384
7,843,711
7; 1,401,700
:
"- 946,892
S.
advances
loans
.233626
•7. .233626
4.005000
4.005000
4.005000
.658300"
.658300"
——
—
—
——
.562900"
.562900*
,,
,
:
Loans and
■
investments—total
—
banks
Commercial, Industrial,
Loans
and
brokers
to
U. 8. Government
Other asseta
•
dealers
for
/t.
.
*
•
•
Liabilities—
;
-
''H'
'
-u————
Other
"!*•■
'v 808,482
3,180
19*
+ ;992:
:
-
749;834
?
.
Page
646 '
debentures due
1970
2
646
-.Mar
debentures due 1960
2
646
2 iV
....—Mar
income debentures due 1975——Mar
Hotels
1,685,762*
10,133
10,314
Debits
1,509,784
'
4
•
1955——a——————Mar
Corp.—
,«
-
-
43,614,253
43,581,402
5,177
462
*
;308
59
+
678
—279
+
'
77BS
:
651
-
»
/
-
_
Feb
♦ '
'
191
gen, mtge, gold, bonds, series. E„ due 1977....Jul?-1, *47
^, §1513
&
,
preferred
:
'
-**
-
,
^
stoclif.—.;ix'..c.Mar
Dauch
Furniture-Co.—
■
-
"
n,
1
786
*
..Feb 25
Mar
„
^
;
24
+
1;676
+
57
+.4,737
32
+1,177
5
+
•
+
+
^
1
&%;- convertible: debentures,
due
1957.
—Mar
,
*
-
4 995
r
..
.
65$ >:/•
T ?,>' 653'
1/ ', 781i
.
Manila^ Electric RRi 8b Ugh ting* Corp.—*'
126
5%
1st lien and collat.
trust bond certificates.—.Mar
•'
1
194'
*
-
•
•
National Department Stores Corp.—
6% preferred stock.
*
,
"
s
*
"
,
<
....y...... ....^.I^eb
28
19ff
Niagara. Lockport & Ontario • Power? Co—
1st mtge. and ref. 5% bonds, series A, due 1955.—.Apr
1
§3078.Niagara# Share Corp., 4»/2% preferred, stock.—i+-—^Mar 7
467
Northern Newt York Utilities*. Inc.—
• '
s
1st lien & ref. 7% bonds, series A, due 1946
Any time
§2822
1st lien. & ref., 6% bonds, Aeries B, due 1947-—....Anytime
§2822
Northwest?. Publications^.Dm;1—•
1
"
* -•
- '.j; v v
13,140
—
^
,
iVIidwesfr Rubber Reciaiming*Cojf. $4, preference stocks—Mar; t; ,}
782;
Morris: Plan Corp. of America?—
('
Collateral* gold notes? series of 1929* due-April/ 1946.Apr T
§1515.
?
294;
60
;
v. 780
:
1
6% preferred, stook——L
.Apr'
Lyons^Magnus,- Ino,,+Glas¥--Av stock..—^.i.«4.—.^i—lfc.Apr;
1,260
+
?
:
:*
*
,
La.Communaute des Soeurs des Saints Noma de Jesus
130
78
+
>
>
International'Poweb* Co:/ Ltd.; i7%> preferred' stockv^-Mar
•
15
+
,
775
Kresge Department Stores, Inc.—
*
;
4%f convertible!' ls$ preferred' stock....».....Apr
412
+
23
-
•
»
i
" 652 ' V
$ V:
311?
•
except,
accounts,
Gov't
§2142.
*(
28
"international
?
350
+
■
i
Paper Co., $4> preferred stock...,
Houston Oil Co. of Texas, 6% preferred stock
.—ljl66.T
+
'
Northern Ry.—
4%2 %
Hinde
accounts
8.
—
■:%; 774,
,
:
-
,
deposit
U.
and
896
debentures-..^.4c..—.......—..—^^—Apr-lS'
Hampton Co., 7.%
920
—
350,
durine week
774
,
,
A, due 19491
'
+2;687
ia
8
—
26
435
+
40
+
V
—
80
1,229."
demand
Interbank
i
8,308
•;
to
646
4
1
..Apr
Federal Grain, Ltd.—
""
"1st mortgage es bonds; serie®
,
68
+
—
9
+
10,241
Borrowings—
16,187,887
~
—
16,392;
Domestic banks.-—
)
15-year 5%
83
+
2
8
—
37,542
9.58L
deposit®.
Interbank deposits:
#
380,896
17,730,288
1,787,810
UaWlttieSw.—
Date
;.i :etvde!'Marie;-.istr-mpytgagb-.*>
Langendorf: United; Bakeries).Xneftr-*
•
r;* *
, \
U. 8. Government
1,291,192
J
?
Mar
Great
+1,210 >■
48
—
+
2,309
Demand deposits^ adjusted—
423,312
-
31
—177
604
,
rime deposits.
13,999,228
-
,
698
,4Vfe% convertible income debentures due 1965——Mar.23,
/
Liabilities*—
.
697
,
debentures due 1950—
Evershayp, Inc.—
,
69
—•
12
Balances With, domestic banks^H*-**-. mrntmwm(■*■•• \
"" - ■
;
15,693,102
487'
+
-
9
+
3,380
10,110
Reserve with Federal Reserve Banks^—*^.
>;24U$M»3$ •:/. 22,065,160
17,665,216
—
———
Deferred availability items..—
Other, liabs., incl. acord.dlvs.—
;
Davenport Hosiery Mills, Inc., 7% conv: pfd. stock—.Apr Tv '
Dominion Tar ,& Chemical Co^, Ltd., 5Vi % 'prefV:stocki4.-AprY 1*V
:
Obligations guaranteed by, U. 8. Government
7:''
%
11
+
1,118
12,788
7,921
27,242
treasury certificates of indebtedness——.
Treasury,
40,271,873
695
697
*
'" 776
) •
3 xk % debs., due 1958—Mar 9
462^ !
Oompo Shoe Machinery Corp., conv. preferred stock—Mir 15 • «
Continental Gas & Electric Corp., 1% prior pref.
stock.Apr
1 : *' ° 68
'
Consolidated Vultee Aircraft Corp., $1.25. pfd, stock
.Mar.:, L. ■■ I
463*
9,020
+
—
1,723
1,526
...
Foreign banks..
.Tlrtal
+
61
—
58'
Other loans
64,771
'
'
426,179'
>
•
\
1
:
Commonwealth Edison Co.,
$
—
431
y
:
Cashln.vault.—....—^.,.
15,490,106
5
1
■
!
■
mortgage 5s, series. A, due 1955—.—.
.-—Mar. 1
4-Vi% cumul. conv. preferred stock..—__Mar 14
Chicago-United Artists Theatre Corp.— <
'
1st mortgager 6*A% ^leasehold:bonds^...^,.—..L—...Mar 15;
Columbia Pictures Corp., $2:75 preferred stock- —_Mar l8
1945
1946
+■
2,153
treasury bills;
72,916
44,182,758
24;151,0$*'
'V-":;+y
—
*
947
1st
;
obligations
'
:iAIi..Bl^eafiunep^gen>y$<^iw:v''" *^'940,448-'';;;V;t'i 864;040^H '"v'r.-516,571
Total- deposits
!
,
:
Real estate loans...
..
62,806
;
Member hank—reserve acct.
1
'4
6j/4% convertible prior preferred stocks..—...Mar' 5
Canadian International". Investment Trust; Ltd;—
,
:
5%
lst-collat, trusts bonds,, series. A
:Apr..-,l
Canadian Utilities, Ltd.—
•
- "' •
Decrease (—) Bines
Feb. 6,
Feb. 14,
-
1,524
Loans to banks
■' ■
•--;
Federal Reseryfr noteftaiWte.^
Deposits: £:>•;■• 7,
y":+;: ?.'■
Foreign
.
,
-280 s
706
U. 8. Government
:
19,529,355
116
137,670.
44.217,543
-
•*"
1
Mar
preferred stock——Mar' 4*
conv.
California Electric Power Co.—
v
pur¬
obligations-
Other loans for purchasing or carrying:
19,231,317
1107
63,746
assets
658
Apr.
stock——.
Co.—
Elastic Stop Nut Corp. of America—
Othersecurities————
Total
.
$•
7,361
Other securities^
NUncollMted51tem^^i^^-^;^203;086C,^v:il,953,432^^v.:..,:.1.983,660^
^
4>/2%
Bowman-Biltmore
and agricultural4
;ioans-———————-
■
11,616,404
4,917,140
1,559/721
1,138,052
23;665,4b3Q;^;
153,913
Si
*
1
Carrier Corp.,
67,943
15,074
Loans—total.
294,055
3,983
23,252,687^
§7 Tbtkl .^dattsi;. and1 Securities
*23,371,702?ve?
Due- fror^ foreign banks—S ;
: . 110F.;R* notes of other
,
$
:J Other securities-
23,017,338
S. Govt, securities
T
Apr-
Atlas-Corp., preferred stock
chasing or carrying:
Bills
Total U.
Gas
Sinking fund 2%%
Sinking fund 3J/2%
Sinking fund 3%%
,
.658300*
.562900*
:,i ^ ^^ss)b*s-h?v
securities:
Govt,
.238517
Feb. 13,
1946
18,319,938
266,659
17,982,973
13,097,535
Certificates"!——
7,594,211
Notes
—:
1,378,700
7' Bonds ;'■ :ry-V * 946,892
Industrial
U.
'
and
.238520
Increase (+.) or
626,073
'
■
1945
352,610
1,754
Discounts
& Electric
17,693,865
794,403
18,042,970
348,732
reserves—
cash
preferred
Mfg. Co., 4%
American
-
783
908
l
...Mar
"
Allis-Chalmers
.091324
Feb. 21,
347,008
411,015
1,751
Other
5Va%, bonds.
Company and Issue—
.202020
.040501
(In millions of dollars)
17,188,565
794,410
-
Mar-' 1- "■
1
.091324
membeT banks follows:?
"
'
,
^ENTHtS ISSUES CALLED
District; $21,000,000 in the Chicago District; and $60,000,000 at all reporting member banks.
^
; v ,
^ summary of : the assets? and liabilities of reporting
R.
F.
dotes
%
17,248,560
—
fund
A
.
655/
1
.091324
.562900*,
"
debentures, series A, due
1
Binks Mfg. Co., 1st mtge. conv. 5% bonds due 1951.
Mar
1
Butte ElectricPower. Co.,. 1st mtge. 5s. due 1951—.Any time
of dollars)
Feb 20,
Feb. 13,
1946
1946
•
convertible
3.227000
.233626
thousand*
•
Redemption
.
,..
Mar
'
.
(In
Gold
cumulative
.202020
,238520
314
■,
•.
,
.040501
.
,
Equipment Co.—
4%
Reserve Banks Combined
•
3.227000
;
;
•
Wheeling Steel <?orp*r 1st mtge; 3Vis; ser,: .C, due 1970.Mar
•■ 1
-
Statement of Condition of the ! 2 Federal
•
,
.202020
•
.562900"
mortgage series
.904583
,
.'■•
1
1st mtge.
7 .040501
.658300*
.658300*'■;
.562900?'
—.
'
«
;
ref.
Armour & Co.,
.658300*
Noncontrolled————
'Nominal
.905000*
3.227000
$1
•
.909090
.
Controlled———.
.
.905416
Natural Ga® Co.,
lien &
Victor
.379324
'
781
:_Mar
1st mtge. 4 Vis, due
1948—Apr*
Utah Power & Light Co., 1st mtge,
3%s, due 1968—Mar
.205816
.
900
466
4«
>
>
Terminal Refrigerating & Warehousing Corp.—
.008410
.301215
.379324
,;4.005000 !;.
.
; 7: 4.033750
,
.909090
.233626
4.005000
.208766
.205816
.379324
.238520
.233626
4.006000
—
Africa; pound-
7
.008410
7.909090
•
:77091324;
'
/
.
1961—.:
Saguenay Power Co., Ltd. 1st mtge. 4Vis, ser. A & B
Scullin Steel Co., income bonds due 1951
Sun Chemical Corpv $4.50vpreferred, stock, series. A
.569800*
r
-v'7 .301215^!
.205816
.04050L. +
.238520
:
:
.202020+7 ::
-
——
"' 1
1st
! .907031
/
.208766
?
4^33750' +
.008410
.301215
-
.905625"
3.227000
.202020
:
:
;
1
1
Mar.
2%s* due 1961—Apr
Oregon-Washington; RR.:&, Navigation: Co.—
Refunding, mtge. 3% bonds, series A, due I960—.
Apr
Pennsylvania Gas & Electric Co.— '
.909090
.569800*
?
Light & Power Co., Ltd.—
mortgage 4s dub 1957—
1st
Oklahoma
> .051802*
•
;
.907500
;
4.033750
:
;
>■***-
.909090
,
'
'
.208766
.379324
,
.040501
.———
.051802*-'
.569800"
i, .205816;
3.227000
1;
.040501
'.'
'
•7.060602*:
.909090'
;907812 :
,
7
7'
.7 .008410 7-
.905000
3.227000
pound-
"*
.909090
.905000
——
Switzerland/franc
1
:
.909090
4.033750
v
<
•
.205816
.205816
.202020 '
"
Nova Scotia
3.214113
.
-653
1st mtge. 3% bonds; series-Ay due 1974^.—.......Mar 1
_
:yy.0?2845;;7;;: y 7 J)22845+
.060602*
,051802*'
;
.569800*
.
.301215
Portugal, escudo..——.
Spain, peseta
'"1
.297733*
'
.907968v
:
.
.v ;
,008410
■#
*>
-
Norway, krone——
■
1st mortgage bonds, series C, due
Narragansett Electric Coj—
>
>•
.251247*
3.214113
•
7
,022943/:.
.060602"
';
y ?yy;208766-
.
R 4,033750
,301215
Free.
Uruguay, peso— 7
-
909090'-
.208766
.008410?:
—
—
_
Offlcial————
of South
:
.251247*
1
•
72
.
1969—.-!!—-^—-.
4»A%
'
.051802*;
.
-
.560300^
;
4.033750'
sterlings
Newfoundland; doUan-+7 •
Union
7.297733*
:
3.214113
.
'
,.060602*
-
*
.208766 r.-VY.
Mexico, peso......™
—
Netherlands, guilder-™—™t.—.—
Weir Zealand.
,
.297733*
.251247*
.251247*.;.
;; 3.214113
;.r
V
v
.
.569800*r.
,' India., (British),, : rupees.—
7
?7
.297733*-
'
.907500
;
France (Metropolitan) franc
:■■■■',
.
Ry,—
series- A* due
•
1
Mkssey-Harria Co., Ltd,, 1st mtge; 4]M due-, 1954—Mar,
Telephone Co<—
•+.
'■■■
...
Colombia, peso..
Denmark,.krone___^_—r.---r-
Engiaird,' pound
,
■
.060602"
.909090
■
Free-
'
'
6S2T"
'
1"
Missouri
FebV2D
I'y^
>:v.-Febf;!207"'
7-7!;.7> ^ %t v. 7
7^
r
:
k
<,
,
"
f:
•:•>;AV:^4
V-'-j
.
y,,r:^)23845;y^
.060602*
.051802*
m
Canada, dollars—
,.0;
3.214113
3.214113
—»•*»»»■*■ —■w—'«■»■* —•* ■
-t
Feb. 19
Feb. 18®
w;
.297733*
..251247".:
.2917,32"
.251247*
Austrd-lidi,
Belgium,v
lsfe mortgage^ 5^
,
0; Feb. 16
Feb,15
681
903
-
Buying Rate for CaWe Transfers In New* York
Value ^ Unfted^StateA.;Money? .
.. j,
Noon
Page,
I
1
39,771,639
■
.
%. Capital Accounts—
.
■,
v
,
^
Surplus (Section 7U———
Surplus- (Section 13b)—...
Oth(» capital accounts.
358,355
-
27,428 s
35,608
'
44,182,758
228,153
•
37,365
44)217,543
Total liabilities & cap. aocts,.
Ratio of: gold certificate re-
27,165
Notices
78,701
a
■
preferred and
.
43.1%
.
"
,
,
!
x
42.9%
•
1,581
3,382
ci
.
securities 4sclinecl$49,000,000,-
.
or carrying
r--
Oregon Short Line RR.-^.„
«
.
Holdings^of Treasury , bills^ declined . $67,000,000' in
New York City* $34,000,000' in- the Chicago
District, $31
000,000? in the* Boston; district;" and $177,000,000. at a,
all
reporting:member.banks;
-Holdings of Treasury certifi
City^an# at;
•
ail' reporting;member
banks.
adjusted
declined
-
12822
*
in" the
San
Francisco
$34,000,090 in. the1 Kansas City District.
;
District
-
Time* deposits
;
Date
<
Page
305
646
•
647
§2636
'
"
increased: $28;000,000-* id 'the
Cleveland
:
Mar
1
Co.—
r
1st? mortgage 5 %• bonds,*
1st. mortgage eVfe %
series CL,
—»---'APr. J:
——.——Apr
;Commercial Discount Co.,' 6%m debentures,, due 1947-—-Apr
Dominion Dairies, Ltd.,: 1st; mtgO» 6e^ue 19.571—.Mar
Elgin, Joliet & Eastern By:—
1st mortgage 3 V4% : bonds, series A, due
§2814
•
series * B———.—--.—Apr,
bonds,
308
-
RR;—
1st mortgage 5Vz.%: bonds;, series
•
658*.
819t
826
"
1
1
1
1
08
-
'
68
68
' 649
i% '78
666;
-
-Apr
trust4
**
1
'
bonds, series B, due 1964;—.Jun
Standard Fruit & Steamship Corp., $7 pfd. stock.
Apr
-
>*'■■
,
mtge. 3V»%
1
§1938;
1'
•*,
!stanley
;
/
Works, 5% preferred stock^^*«—»-—.-i+-*wMay 15
Syracuse/Gas Co., 1st mtge 3%: bonds due 1946.yi...Any time
;:Taylor-Wharton Don, <k. Steel Co—
Collat. trust (now 1st'mtge.) 7xk% cumul. inc. bonds
,
§2862 v
y
-
Texas-Power & Light. Co—'
-1:: 1 §%■ gold debentures bonds, series A, du® 2622i_i._.JuIy lr '47
Toronto Elevators/ Ltd., 5Y*% preference -stock........Map 7
Union Compress & Warehouse Co;, 5%- bonds,
Union Pacific RR—
dated"1944lMar: 1
debenture* bonds due Oct. 1', 1970...Apr 1
35*-year- 3Vi% debenture bonds due May i; 1971t_._May 4r "
TUnited Air Lines, Inc., 4Vi% cumul; conv. pfd", stOckw.Apr
T
UnitedDight & Rys. Co., 5l/z.%' debentures due* 1952i™Mar t*
> Utica^Kxvitting-CoYi,5-fc:£lass- A preferre(L.stock.™...Apr
1,
34-year- 3%%
326
j
v
$2490'
822'
822:
'
^
,
-
823
§2862
;
697
.
1970--——Mar- l- -".-309
r .^Announcement*in*this-issue.-
,
^
1
^
—Mar-T';;
bonda -due-
Southwestern,,Bell Telephone CO—
1st & ref.
,
i
'income
:*v
§2824
Any time
*
Terminals
1st- &, ref:,. mtge. 5s, series A, due l'954y
Southeastern Gas & water Corp., genv lien collat:
REDEMPTION
1st 8b- refj mtge 4%%* bonds, series D; due 19.P2L——MarT :
Union
,
1
.
I
Gas
Cleveland
and
$24,000,000 and1 tTnited* States Government de-
^osit^increased $57^,00
Y :
Seattle Gas Co—
112;
Mfg; .Corp.,
Chicago 8s' Western Indiana:
§307^
Southeastern; Ice. Corp., 1st mtge. 5 Vis, due 1954
Mar 7
-Schulte* (Di. A.), Inc.>4 preferred., stock/—15
.
.1st mortgage 4s? series* A\ due 1965.
:
•
»
,
§2822
preferred* stoek,-^i.!.--"n—-28
Light: Co., 1st mtge. 3s. due 1963———Mar 1 \
Blumenthal (Sidney) &* Co., Ino., 7% preferred stock--Apr
1
Buycrus*Erie Co., preferred- stock:
Apr
1
Carolina, Ciinchfield & Ohio- Ry.—
•
v
Atlanta
$267;000,000r in
City, $63,000,000 in the Chicago-District, and
$279,000,000 at all reporting member banksy and- in-
Borrowings
PARTIAL
*
Company and Issue—
;
'Aireon
Holdings bf
Neiy- York
increased
947
*
Terminal/ 1st, mortgage: bonds..-^-T,mr-t^Feh 2fp
-
*
*
,
784
•
mortgage 4bonde due
"
-
Rand's,, 8% cumulative preferred, stock^wi-^—-—iUwJMar 15/'•
Reading Co. Jersey, Central, coll; trust 4S due 1951....Apr
1!
§1678:
Republic Drill & Tool; Co.,, conv, preferred stock;—+-Apr ! 1
*
826
Ritz-Arlingtoh Trust; 1st mtge. 8s/ due 1946i,^^«w-/..MatD:;;:' : 66Qtj- ;
Royal Palm Ice Co—
1st mtge.
6s due 1952
—„.Mar 7
826
,
315
1
,
creased $45,000,000,
658
-
.
•St. Joseph , 8c Grande island'. Ry.-—
|
Spates, Government bonds increased $40,000,000.
Demand! deposits
v-
.
cates of. indebtedhess declined' $80,000,000- in. New York
United
652
^
—
San. Francisco.
*
•
;
67
Consol. 1st mtge. 5%:bonds due 1946.—.——Any time
Electric Ry. ref. mtge. bonds*.
Feb 25
deuthero, Pacific Co.—
(
784
.
Pacific
.
- -
784,
,
774
?
in-
7
;
1:
1st; rntge^- (not preferred), 3% bonds due 1948
Apr 1
-Philadelphia, Newtown.-& New York RR:, 3% mtge.
honds due,*1967--^———Apr
Philadelphia Rapid: Trausit* Co—•
*
5^ and? 6% bondS'dUW l962^+^w.^^«—1;Tiper Aircraft' Corp—>?■?
effrcent' convertible^ preferred stocte^^+^u+y^—+---Feb 23?"*
Potomac Edison, Co;,* 7%> and 6%* preferred stocks i.—.May I"-.
Page
■
and agricultural loans
§2187
945
.
.
y
•
,
\
908* v
.
Date
.Macfadden- Publications, inc.—
*
* *
,
:
*
debentures- (subordinated)
dhfrT9685..fc.r.—1
iMbunf Hope Bxidge» Corp., 1st mtge; 5s,: due 1969+.^,.Mar 15
135U Broadway Realty, Corp. (Herald Square Bldg.)—'
1st-mtge leasehold's, f: bonds-due 1948————.—..Mar 5
Oregon-*RR; &?• Navigation Go®-*
•
.
,
V ^4^consoLmortgage bondSvdueT94^^U-^—«4few«,Axiy;time
.
-
$19,000,000 and loans for purchasing
■
*
TENDER
''Aroostook Valley BR;,14%% • sterling bonds duo 1961——Apr 12
Central Pacific Ry., 1st ref. mortgage bonds due 1949_Feb 28
Heller (Walter E.)
& Co., 5Va%. preferred-' stock
—Mar 22
$227,000,000 in holdings of
i^UnRed Statesc Government; obligations and
$279,000000
& eased
OF
Company and Issue—
The condition statement of
weekly reporting member
of the Federal Reserve
System in 101 leading
cities shows the following
deposits adjusted.
1
1
-
;
•
.
NOTICES
:
principal changes for the* week!
657
-
9
Pacific Telephone & Telegraphv Co—
Ref. mortgage 3W% bonds, series B, due 1966.^
Apr
Pennsylvania Sugar Co., 4% debentures due T952-„„—July
Philadelphia &yChefitCr^Valley; RB^?pfdl lst» mtges^ 45fe • v
bonds due: 4948_.«..—
———..Apr
unde^ sinking fund provisions.
ing; tenders, and; the page number gives the location in
which*therdetails were: gta
banks
ended Feb. ^ Decreases of
1 "
.Apr-
,
called for redemption,
J:
first, preferred stock 6? 6% 2nd-preferred stock-Mar
Oregon-Washington. Water Service Co.— *
1st mtge?, 5s> series Aw due 1957—
The date indicates the redemption or last date for mak¬
•
"1,559;
stocks
common
Including: those called
47.9%
Condition Statement of Member Banks
lft demand
7%
.
Below will be found a list of corporate bonds# notes,
40,271,873
.
•serves to deposit and F. R.
note liabilities combined
Commitments to make Indus-
g trial loans
358,355
-
27,428
-
RedemptionGallicandSinWng Fund
^^166,215
179,965; >
tlUfVolume 161,;
§In Volume 162,
CHRONICLE
THE COMMERCIAL & FINANCIAL
•
a:
j.-j,'-
finonnincf
mnnth'o
/\nnL
~
•
fell
month's financing
•
>v.".,
'
Another feature worthy of note is the fact that financ¬
ing through stock issues exceeded bond and debenture
financing for the month, the figures being $179,659,054
greater portion' of each
under the refunding column.
.
A
>
!
principal issues offered during the month were
$25 000,000 2%% debentures and 102,000 shares of 3.6%
preferred stock (par $100) of Atlantic Refining Co.,
350,000 shares of 3.60% preferred stock (par $100) of
j. ures
BY MONTHS
$
$
January—
New
Total
Refunding
Capital
First
38,773,350
191,107,290
62,615,780
137,683,000
98,346,215
363,837,701
45,455,742
103.534,713
736,847,786
877,915,694
146.844,872
339,5621,928
555,122,202
367,086,226
79,085,300
656,045,237
526.446,349
80,437,425
76,399,341
36,115,868
108,100,665
189,591,294
36.398,283
85,002,408
■
184,500,006
225,707,162
121,400,691
261,635,283 1,001,293,728 1,262,929,011
148,913,492
382,694,367
531,607,859
402,703,191 1,738,141,514 2,140,844,705
Second quarter
Six months——
295,758,364
722,258,295 1,018,016,659
749,921,243
338,267,743
961,535,209
57,327,813
445,511,916
105,572,951
705,440,793
810,260,915
s
: 486,408,800
1,352,125
•
July—
AUgU8t„——
September
.
107,244,173
104,820,122
;
loz.oi:
per
157,252,988
143,408,034
Bail,
Nine months.—
November—
X
& Loru,
Hagan,
618,835,452
136,738,437
of
I
1946.
offering will be given in these
Insurance
Below
Altogether in January the Treasury raised by the sale
thereby adding $1,286,093,456 to its working capital.
our
TREASURY
/
,
Yield
91 days
3
Jan
1,302,898,000
1,316,060,000
99^906
*0.375
1,312,132,000
2.904,956,000
4
Jan
10
91 days
2,259,444,000
Jan
11
Jan
7
91 days
Jan
18
Jan
24
2,005,255,000
2,016,155,000
Jan
25
Jan
31
Dec
17
Jaii
1
1 year
3,323,194,000
Jan 1-31 Jan
1
10-12 yrs.
99.905 + *0.375
959,559,756
Jan
91
days
91 days
Jan 1-31 Jan
Jan 1-31 Jan
2 years
99.905 + *0.375
■
a
a
10,441,500 100
■,301,781,200 100
-
for January
11,158,574,456
;—
'•"
••
•
V?,'>:■1
"$4,800,000 Seattle
..
•
b
&
son
1st -mortgage 3sa
Gas. Co.
/
Curtis,
M.
White,
Dillon
Marks &
Weld &
and Wm. P.
&
Co.,
Coffin & Burr,
Corp., Lau¬
Inc.,
Copeland & Kendall, Inc.,
Lee
Co., Shields
Security
Accepted
..
$
bills
1,302,898.000
bills
day Treas. bills
day Treas. bills
day Treas. bills
1,316,060,000
day Treas.
Jan
10
91
day Treas.
Jan
17
91
Jan
24
91
91
Co.,
Patterson,
Inc.,
'
Jan
Jan
S.
3,323,194,000
Depositary
Tax
Antic'n
bondsnotes
OTHER INDUSTRIAL
*$25,000,000 Armour
a
bentures,
;
"
»
.
.
for
.
January-.,
959,559~756
10,441,500
10,441,500
301,781,200
V'V
9,872,481,000
of
shares
Barney
Co.,
&
and
Union
loans
1,286,093,456
etc.
shares
of
.
stock
common
purchase of machinery, equipment,.
Price, $20.25 per share.
Offered
INDUSTRIAL
stock
mon
(par
Co.
3!/2%
25-year
cumulative
•
I'.'j-.;
\
due Jan.
1,
(sub-
Inc. 15-year SVa% convertible
1961. Purpose, construction of
buildings,
Offered
etc.
($514,912).
by Coffin & Burr, Inc.
99?4
com-
requirements.
Dean
Witter
Clegg & Co. and O.
Co., Julien Collins
H. Wibbing & Co.
&
&
:
Co.,
;
Co.
Lehman
and
Brothers.
120,000 shares of preferred stock (cumulative)
4%
series ,(par $50).
Purpose
acmiisition
of
machinery,
construction, working capital, etc.
(It
Is
understood that over 90% of 4y2% preferred stock, has
6,000,000 Carrier Corp.
;:'v
'
V
V
•
t
"
and
v.
post-war
•
de¬
new
additional in¬
Price,
r
MANUFACTURING
Purpose,
4,080,000 Brown Shoe Co., Inc. 40,000 shares of $3.60 cumulative
preferred stock (no par).
Purpose, pay bank loan ($3,*
J OuUfUUU),
corporate purposes
($1,080,000).
Price, $102
per share and dividend.
Offered by Goldman, Sachs &j
Purpose, refunding.-Sold privately
companies. - ;
($900,000), notes payable ($33,500),
Hurd,
,
income
AND
$5).
Price, $23.50 per share.
Offered by Hornblower & Weeks,
Central Republic Co. (Inc.), Raul H. Davis & Co., Eastman, Dillon & Co., Kebbon, McCormick & Co., Lehman
j' -1; Brothers, Merrill Lynch, Pierce, Fenner & Beane, Paine,
)*?• Webber, Jackson & Curtis, Shields & Co., Union Securities
«c
>;
been converted into common—thereiore none of proceeds
"
will
be
Offered
"
•-■fi
$26,795,000
1,800,000
Corp.
dies,
by Otis & Co., First California Co. and Allen Sc Co.
:v..
of insurance
Automatics,
in
r"
■
ACCESSORIES
$514,932 Automatic Canteen Co. of America 21,912 shares of
ANDJ MANUFACTURING
plant. Price, 100 and interest.. Offered by Carver & Co.,
,'• '•••' "
y/-'-'y-: '
vestment
AND
Purpose,
jigs,
tools,
<
a
1,500,000 West Disinfecting Co. 2^4% sinking fund debentures, due
Jan. 1, 1961.
Purpose, to pay mortgages ($49,588), bank
301,781,200
11,158,574,456
$lj.
(par
:
j
Ino,
interest.
Total
&
group
295,000 Johnson
5,067,000
6,757,000
959,559,756
U.
i 7
,
2,487,000
1,315,717,000
Ctfs.. of
1
Smith,
■vv;--''-'--,
$36,450,000 Kaiser-Frazer
'
to
1,309,645,000
Co. .238.000
1
OTHER
$1,000,000 Maremont Automotive Products, ; Inc. 4% sinking fund
debentures, due Dec. 1, I960. Purpose, pay bank loans,
;
etc., working capital. Price, 102 and interest. Offered by
Kebbon, McCormick & Co., The Illinois Co., The Milwaukee
,'
Co., Ames, Emerich & Co., lnc.> Julien Collins & Co.; and
Mullaney, Ross & Co.
,
s ,
ordinated) debentures.
1,312,132,000
3,323,194,000
1
Curtis,
■■•'
'
v
■
Indebtedness
1,316,791,000
indebt—-
31
Jan
Transmission
Harper & Son & Co.
.
$
1,302,898,000
1,310,993,000
Savings bds.
Jan
&
Corporation,
Refunding
1,310,034,000
1,315,717,000
Jan
sinking fund debentures. Unexchanged
E. H. Rollins & Sons, Irtc., Rauscher,
Gas A
MOTORS
Higglnson
MOTORS AND ACCESSORIES
-
New
Total Amount
91
by
$65,121,590
FUNDS
Type of
3
,
-■:;.!
-
Jan
6%
Securities
& Co., Stroud & Co.,
'■
.
Dated
for
offered
Jackson
^ borids, 'due? /i*anl rl,'
Central Republic Co.,
Eastman,
rence
discount basis, a Comprised of three sepa¬
series, of which series E have 10-year maturity, are sold on a
discount basis at 75. and yield 2,90% ; series F have a 12-year matur¬
ity, are sold on a discount basis, at 74, and yield 2.53%; and series O
hirve a 12-year maturity, are sold -at 100, and bear 2'/a%
Interest
b Comprised of separate issues, designated Treasury notes of tax series
A-1945, series C-1945, series C-1946 and. series C-1947.
Series A earn
•bout 1.92% a year and series C, about 1.07%.
;
•
.v
,
j;;
OF
Lynch,
Corp., Goldman, Sachs & Co.. Hx»rH*«nn Rip'oy fi' Co.,
Inc., Kuhn, Loeb & Co., W. C. Langley & Co., Meilon
Corp., Morgan Stanley « w„ Paixic, wi^er,
.
!•;
.
1976. Purpose, refunding.
Price, 102.27 and interest., to
yield 3.50% to maturity. Offered by Paine, Webber, Jack¬
%
•Average rate on a bank
USE
&
par),
snare.
stock
(par $5). Purpose, purcnase of property.
$12 per share.. Offered by Stone & Webster and
Blodget, Inc., White, Weld & Co., Blyth Ac Co., Inc.,
Bosworth, Chanute, Loughridge & Co., Central Republio
Co., Inc., Dillon, Read & Co., Inc., The First Boston
& Co.,
rate
■"i
Co.,
Yantis
Securities Corp.
•'
,
&
Co., F. S.
PUBLIC UTILITIES
2
959,559,756
Wertheim
Price,
Co., and Dempsey & Co.,
'
Inc.
Inc.,
Total
(no
per
'
10,441,500
301,781,200
Inc.,
common
Inc., Nashville Securities Co., W. H. New& Co., Patterson, Cope-
Yantis & Co.,
bold's Son & Co., Alfred O'Gara
land & Kendall, Inc., Thomas &
99.905 + *0.375
1,316,791,000
99.905+ *0.375
1,315,717,000
3,323,194,000 100
d-Kii
2,025.044,000
12 years
•
•
Power
stock
2,856,000 Tennessee
1.75%,
& Co.,
%
Co.,
&
change
Otis & Co., Inc., McDonald & Co., Mullaney, Ross
First Cleveland Corp., Mason, Moran & Co., F. S.
Inc.,
Price
;
24
Dec
equipment. Priced to yield from 0.85%
to
according to maturity. Offered by Halsey, Stuart
Amount
Accepted
$
Applied for
&
Louis
shares
RAILROADS
DURING 1946
FINANCING
Amount
■
Due
Weeden
Co., Harold E. Wood &
Pierce & Co., Inc., A. C. Allyn and Co„ Inc., W, C. Gibson
& Co., Coffin & Burr, Inc., and Mason, Moran & Co.
of
Date
Co.,
Ross
2,700,000 Southern Union Gas Co. 27,000 shares of 4V* %'■ cumula*
tive
preferred stock
(par
$100).
Purpose,
refunding.
Fnce, $101.50 per share and dividends.
Offered in • ex¬
$6,870,000 Chicago & North Western Ry. 1%% equipment trust cer¬
tificates, due annually Feb. I, 1947-1961. Purpose, purchase
usual tabulation:
&
mrnscn.
Pierce, Fenr.er & Beane, Metropolitan
Co., Moore, Leonard & Lynch, Maynard H.
Co.; E. M; Newton & Co., Pacific Company of
California, I. M. Simon & Co., William R. Staats Co.,
Stifel; Nicolaus & Co., Inc., Stone Sc Webster & Blodget,
Inc., Webster & Gibson, Weeden & Co., Inc., Harold E.
Wood & Co.,. and Wurts, Dulles & Co.
Dong-Term Bonds and Notes (Issues Maturing Later
Than Five Years)
refunded $9,872,481,000,
of securities $11,158,574,456 and
McDonald
and 6%
Murch
Capital Flotations
During January 1946
Depositary Bonds.
Co.,
ivti.Wduuuc
W.
St.
Details of New
of Treasury bills, Savings Bonds, Tax Anticipation Notes
Co.,
$10
Merrill
give complete details of the capital flota¬
including every issue of any kind
brought out in that month.
in Jan¬
confined its operations -to the usual weekly sales
&
mt
Brothers, Frank B. Cahn & Co.;Rfchard W. Clarke Corp.,
Equitable Securities Corp., Goldman, Sachs & Co., Hemp¬
hill, Noyes & Co., Hornoiower & Weeks, W. E. Hutton Sc
Co., Laird and Co., Carl M. Loeb, Rhoades & Co., W. L.
Lyons & Co.; Mackubiu, Legg & Co., Mead,! Irvine & Co.,
tions during January
Outside of the abbve the Treasury Department
Masten
u.t
preferred stocks. Unexchanged shares offered
C. Langley & Co., The First Boston Corp., A. C.
Allyn and Co., Inc., Ames,; Emerich & Co., Inc., Baker,
Watts & Co., Ballou, Adams
-Co., Inc., Bimon. J. Block
& Son, Bosworth,
Chanute, Loughridge & Co., Buckley
by
Fund,
we
E.
6,378,409 Potomae Edison Co. 63,784 shares, of 3.60% eumulativo
y
preferred stock (par $100).
Purpose, refunding.
Price,
$101.75 per share and dividends, Offered In exchange for
Government Life Insurance Fund, National Service
Federal Deposit Insurance Corporation, and
Federal Savings & Loan Insurance Corporation.
xNet retired.
Life
columns next month,
STATES
;;
713.302,000
654,352.000
System,
Savings
Certificates of
Indebtedness of Series A-1946, maturing Feb. 1,
present
34,025,000
106,525,000
•Comprise sales of special aeries certificates and notes; certificates
sold to 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, Posta!
Feb/lv 1947 in exchange
this
747,327,000
760,877,000
Total for January-——
%% Treasury Certificates of In¬
basis, par for par to holders of Treasury
Dated
oo.V
Light Co, 1,816,719 'shares of
purpose, new equity capital.
Offered to common stockholders,
National Power & Light Co., as a common stockholder,
being entitled to subscribe to 1.818,700 shares, offered
such shares for subscription to its own stockholders;
Price,
X58,950,000
72,500,000
13,550,000
Notes - j-L-—:
datetj and.bearing inter¬
UNITED
•• •■..'«<*■.
Inc.j and Yarnall & Co.
common
$
January—
Certificates
&
Witter &
Co.,
7%
debtedness of Series B, 1947,
Offered
Auuersori. %xa<>
Co.^ Moore, Leonard &■ Lynch, Mullaney,
18,187,190 Pennsylvania
Net Issued
Retired
Issued
A.
Turoen
&
Walker
&
announced on
the Treasury also
est from Feb. 1, 1946 and due
now
cc.
I. M. Simon & Co., Starkweather & Co., Stern Brothers
& Co., Stifel, Nicholas & Co., Inc., Swiss American Corp.,
Townsend, Dabney & Tyson, Trdbee, Collins & Co., G. H.
1
Treasury
Jan, 21, an issue of
We
Green, ^.ils
Inc., Reinholdt & Gardner, Reynolds & Co., Riter & Co.,
E.
H.
Rollins
&
Sons, Inc., Sage, Rutty & Co.,
Inc.,
& Co., Scott & Stringfeliow, Shields & Co.,
•IXTRA-GOVERNMENT FINANCING
1946-
of the Treasury announced that $3,323,Certificates of Indebtedness of
Series A-1947 dated Jan. 1, 1946 and maturing on Jan. 1,
1947 were exchanged for Treasury Notes of Series C1946 maturing Jam 1, 1946.
and
Becker
Schwabacher
672,482,693 2,504,095,838 3,176,578,531
The Secretary
uary
G.
Maynard H. Murch & Co., Nashville Securities Co.,
Newhard, Cook & Co., E. M. Newton & Co., O'Brian,
&
Co., The Ohio Co., Pacific Northwest Co.,
Paine, Webber, Jackson & Curtis, Perrin, West & Winslow,
364.959,844
116,304,052
6,223,871,753
1,264,579,332 4,959,291,921
:
of
A.
Mitchell
*
results
Co.,
& Co.,
755,450,265
338,394.097
136,614,813
26,565,747
20,434.385
938,931,090 1,202,560,112
101,548,627
161,824,698
337,040,911
501,334,198
183,614,945 1,073,533,601 1,257,148,548
Treasury Financing in January
;
Inc.,
Monell
Dean
The
&
A.
M.
Kidder
&
Co.,
Laird,
Bissell & Meeds, Lazard
Cari M. Loeb, Rhoades & Co., Loewi & Co.,
Mackubm, Legg & Co.. ijaureme xw. .Via»-Tfr,
Mason-
488,867,748 1,430,562,237 1,919,429,985
438,198,380 1,427,520,628 1,865,719,008
Fourth quarter-
Secretary
Siearns
Haupt & Co., Hayden, Stone & Co., Hornblower &
WeeKu, oohUo.oit, .-ejuw.i oc Co., xveoojn, .viOCorimcK oc Co.,
901,413,328
708,303,942
193,109,384
213,629,022
60,276,071
164,293,287
•
The
Bear,
Ira
Memo,
%%
Kraus,
Burge &
Corp., C'ooley & Co., Courts & Co., Curtiss, House
& Co., J. M, Dain & Co., Davenport & Co.,
Dempsey 6z
Co., R. S. Dickson & Co./ Inc.;? Francis I. duPont & Co.,
Eastman, Dillon & Co., Estabrook & Co., Clement A."
Evans & Co., Inc., Fahey, dark & Co.. Farwell, Chsnman
& Co., Ferris & Co., Inc., First of Michigan Corp.,
Glore,
Forgan & Co., Graham, Parsons & Co., oranbery, Ma- !
437,851,540
826,381,452 3,531,771,293 4,358,152,745
October-—.-.—
194,000
Lehman
ities
248,980,985
423,678,261 1,793,629,779 2,217,308,040
tRevised.
by
Co., Inc., Blair & Co., Inc., Bosworth, Chanute, Loughridge & Co., H. F. Boynton' & Co., Inc., Buckley Brothers,
Burr & Co., Inc., H.
M. Byllesby <fc Co., Inc., Central
Natxonul corp., Richard W. Ciarxe Corp., Clayton Secur¬
214,580,801
407,642,920
30,208,620 i
Oxtered
amaends;
and
snare
Freres & Co.,
Third quarter-
Twelve months.
1
&
—
December-—.
Co.;. and
'dd:;:!
i-
Brothers, Stone & Webster and Biodget, Inc., A. C. AUyn
«si Co., inc., Arnhold and S. Bleicnroeder,
Inc., Bache
& Co., Bacon,
Whipple & Co., Baker, Weeks & Harden,
racxxe
211,613,966
•
duPont &
$35,000,000 Buffalo Niagara Electric Corp., 350,000 shares of preferred
stock, 3.60% series (par $100). Purpose, rexunding. Price,
176,456,350
160,961,995
148,990,455
100,923,035
159,360,123
——■
May
.June-—----—.—-—
I.
■'./■;;/
PUBLIC UTILITIES
'
$
141,067,908
quarter—
April..
$
322.970,703
March—-
:
Total*
Refunding
278,899,772;
162,182,000
295,766,014
28,925,290
68,071,687
Frances
Co.,
computed at their offering prices.)
are
?
$
.
44,070,931-
244,124,054
112,954,001
131,170,053
—
,
&
-
(Preferred stocks of a stated par value are taken at par, while pre*
ferred stocks of no par value and all classes of common stock
New Capital
Total
$
February-——-—
Co.
&
—fl944—
Refunding
Capital
Wd
Cook
STOCKS
1944
AND
-t1945-
-194ft-.
New
1945
1946,
Hcooun,
Newhard,
(Inc.),
& Co., Bacon, Whipple & Co., The Illinois
ivicuurmicit as Li>., *j«nra; bioseh ex ivieeds.
Yarnall
Co.,
Dixon
Co.
&
Co.,
\i" '
financing is brought to light.
FIGURES
CORPORATE
,
White, Weld & Co., A. G. Becker &
(Inc.), Elkins, Morris & Co.,
Janney & Co., The Wisconsin
Co., Inc.,
Hall
Harris,
private
be necessary, particularly as additional
may
&
Inc., Central Republic Co.
Co.
different monthly amounts of
Revisions of the 1946 and 1945 fig-
corporate financing.
The
SUMMARY OF
Stroud
1944 showing the
uary,
y
Corp., Eastman, Dillon & Co., Hayden, Stone & Co., W. E.
Hutton & Co., Biddle, Whelen & Co.,- E. W. Clark & Co.,'
,
$64,465,000 respectively.
and
OIL;,.. ■•)%■;,:
Clark, Dodge & Co., Graham, Parsons & Co., Merrill Lynch,
Pierce, Fenner & Beane, W. H.< Newbold's Son & Co.,
present a tabulation of figures since Jan¬
we
V:
•
>
f
',-; Municipal issues brought out in January footed up
$71,343,748 compared with $$2,195,838 in December and
$121,231,497 in January, 1945.; Of the January total
$68,431,748 was for new money purposes and $2,912,000
,was for refunding. - >
'
<v
■
Below
'
$25,000,000 Atlantlo Refining Co. 20-year 2s/a% debentures, due Jan.
15, 1966.
Purpose, refunding.
Price, 101 and interest.
J
Ottered by Smith, Barney & Co., Morgan Stanley & Co.,
,fy.& -::s:, Kuhn, Loeb &> Co., Goldman, Sachs & Co., Mellon Securities Corporation, Blyth &* CO;-,-Tn'c^^Di'6Xei &- Co., The
First Boston Corp., Harriman Ripley, & Co., Inc., Kidder,
Peabody & Co., Lee Higginson Corp.," Lehman Brothers,
Stone
&
Webster
and
Blodget,
Inc.,
Union Securities
1
1.12.1% of the month's total and compares with $114,524,687 or 22.8% so placed in December.
and $112,954,001 or 46.3%,was for refunding.
Thus the trend for the previous 25 months was reversed
purposes
j.
of January 1946
y
Niagara Electric Corp. and 1,800,000 shares of
common stock (par $1) of Kaiser-Frazer Corp. offered
at $20.25 per share, or a total of $36,450,000.
Privately placed issues for the month of January com¬
prising three separate issues aggregated $29,500,000 or
Buffalo
aggregated $244,124,054, compared with $501,334,198 in
December and $322,970,703 for January, 1945.
Of the
month's total, $131,170,053, or 53.7% was for new capital
the
Monday, February 25, 1946
■*
.
Capital Flotations in the United States During the Month
The
^Tlfotal corporate emissions for the month of January
declined sharply from December, 1945 and the corre¬
sponding month of last year.
The total for the month
as
' •
1
V
k*
required
'
r
for
refunding.)
b eriotion
t?
e"miion
Price,
$50
per
-fockholders.
(Continued on; page 1070)
;
share.
Unsub--
Total
Total
—1942
Refundi g
Capit l
New
Total
I1943CReafpuintdilg
''
"
New
Total
—194
"MGFLAFMOFYOIUNAVENHEIRUCNDRMEPRSGLT,".VY'm7y^—1:y-0'n:■ri31945CT;CCaeeoaaofoapuuppuptintnwdiwwddtllllggJg\">£*-^${■•*Xe/Vt•s-~Tf946,241630805,3Z627^6~9~7.iO87V1,'2,,:784::7*0——2■-8553.2. 1463149561,,7827370820FGtfomerhavudongricnpmleysl CMIFTTSJOFOUYSARNENPHIAHIUVEAERRDS
1'9t—46 J${«'*gr<y,xr~5( 26718,2,014,53073
CFOORRPEIGANT, CRTNeafuopendititw^g:ll, 5644,8950 il^5J2H^916,8,56780974.13
•■
SOUM FARY Ne-w 9,61542
■■
—
v
:
777-7
——
,
GONREUPFWI
Capitl 10,50 90, 0
IV.
New
Total
—1945
Refundi g 14,5730 71,620
278.972
v
<gvy-V.T?1
Capit l 14,380 1,30, 0
New
Total
1,038 0 24,1 054
ACHANRDTE Y.—1-•946CReafpunitdirlg
6Y8,35 74
"—•■ $.'
Refundi g
2"0~,34681 bSotanieyds
New
•
nYJANUR "- otes ,Y V7 ; notes. _ Y1, notes. 4 Governmt_4-i.^ agencis.&t,Posein*—Y. I finucldse JANURY N'otes—■. — etc. — manufctrig —. Yy hteoraltdcin.g, KNotes— - ,— etc. acesori—;: mnuftg- -—I hoeldticn,g *'^, ;etc.—1 manufctrig • —-<41UY:hoeldticng,. ..-•■y",; etc — manufctrig —. thraoefddtiincngg, —. 8ecurita-7.Y4,
b_Corpate— Domest"'iXcv7—VY^ Loonagn-ntderdms Prefstrocekd stock CYanVdi—'yLboonagn-tnedrdmsSYhort-em stock.Comn foreign—.7Lboonagn-tnderdsm Short-em Presftoc_kd. stock corpate— Candian forgeoveirgnmntLGoaanvnd,•Municpal—Stes,Staes TZJotal fdignuorest OMONFTH BLoonagn-TdersmYR_—airuotOs utiles Eqmuaniupfmtent acaesnorid inadunstrdl '•— beuitlcd.n—gs,Y— I'S:—hipingIntvreustsmn,Miscelanous. SBhooarnt-nTdeds,mRailroa—ds utiles Equmainpufmctreesn—t and indausntrdl bueildtcn.g-s7, Inttvrreaustdmsinng,,Miscelano—us Stocks—^m~ Ra*ilr-o'aSds u•t:ile—s- scctooepall,,,Eqmuainpufmcterenst-— Iandoie indausntrdl — bueildtcn.-g—Ys, .— ShipingtItnrrvuaesdstminng,,Miscelan-—ous ■ util:es-—,^. cciosopteall,,, Emqanuuifpmcterenst anoid- inadunstrdl beuiltdcngs, .— trIunvsestm. Miscelanou, corpate
sccotoepall,,,
ccsootpeaerl,l,,
OMNFTH Short-em Prefstockd
Railrods;
Com on
'
,VV
'
i
i
Y-j"
.
Other
Com on
.
Tot■al
Grand
Other Farm United
•These
Total
Total
;
Public Iron, Motors Other Land, Rub er
Oil
Public Iron, Motors Other Land, Rub er
Ship ing
Public Iron, Motors Other : Land, Rub er
Total
Total—
Public Iron, Mot rs Other nd. Rub er
Oil
L«
■
THE COMMERCIAL & FINANCIAL CHRONICLE
1070
'
'
•
;'
(Continued from page 1068)■
underwriters:
V
is
:
First
Lehman
Co.
Dillon
man
Collins
Co.
&
''
'
-
"
■
1
1'
McDonald
Weeks
Baker,
Co.,
&
Emanuel
Harden,
is
Schwabacher
Stroud &'Co., Inc.
•
2 ' 137 ' 149
;
■
"
'
-
'
,
v
'
^
-
\:
'
.
i
shares)
& Co.,
(24,000
Whipple
Milwaukee
The
The
Co.
Merrill
Co.
&
man
The
and
Milwaukee
stock
$1)
is
,
Co.,- Dean
M.
is
&
Marks
Chapman
Stoddard
::
Witter
Laurence
FarweH,
•
Co.#
&
is
Co.,
Williams,
3,000,000 National
preferred
Price,
$105
30,000
Corp.
(par
shares
$100).
and
stock¬
Evans
*
.
by
stock,
of
struction
plant.
series
Price,
$103
per
Purpose,
share
con¬
divi-
and
-
;
■
j
Electric
1,500,600 Pacific Coast Aggregate, Inc. 15,000 shares
'
of
&
cumulative
i
j).
I
j
Davis
!
is
share.
per
D.
;
(par
B.
"t
is
is
Inc.,
Paul
'-Jk
t
.
Y Whipple
•;
Co.,
&
H.
,
;
Lehman
&
Co.,
Whipple
Hawley,
&
Dewar,
Co.,
Robertson
is
Co.
"
>
30,000
~
per
shares ; of
share.
Offered
Ball,
Burge & Kraus,
Fairman & Co.
Supply
stock.
common
$40
25,000
shares
share.
per
of
Instrnment'
(par $20).
Companies
Price, $18.
the
by
Gas
the
bv
Goldman,
4$hares
of
common
Offered to various employees
of
Herbert
J.
Winn.
Estate
■-->//:///'
-
df
9.580
stock
common
Offered
•/>.
•
Transmission
Co
574,100 hhares of
Price, $12 per share.
Offered
by Stone is Webster and Blodget, Inc.,
White, Weld is
Co,,; Blyth is Co., Inc., Bosworth, Chanute,
Loughridge
is Co., Central Republic Co.
(Inc.), Dillon, Read & Co.
Inc., The First Boston Corp., Goldman, Sachs &
Co..
Harriman Ripley is
Co., Inc., Kuhn, Loeb & Co., W. C,
Langley is Co., Mellon Securities Corp., Morgan
Stanley
8s Co., Paine,
Webber, Jackson is Curtis, Smith, Barney
dc Co. and Union Securities
Corp.; : /Y&
stock
.
(par
$5).
Asbestos & Rubber Co.
217,384 shares of common
stock
(par $5).
Price, $17.50 per sharg^ Offered by
Kuhn, Loeb & Co., A. C. Allyn is Co.,
Bacon, Whipple
&
Co.,
Bear,
Stearns
&
Co., A. G. Becker & Co., Inc.,
is Co., Blyth is
Co., Inc., Brush, Slocumb
Byllesby & Co., Central Republic Co., Julien
Collins & Co.,
Elwortby is Co., Emanuel & Co., Farwell,
Chapman & Co., Harris, Hall & Co.
(Inc.!, Hemphill,
Noyes is Co., H. Hentz is Co., Henry Herrman is
Co.,
The Illinois Co.,
Johnston, Lemon is Co., Kebbon, Mc¬
•
William
is Co.,
Blair
H. M.
Cormick
is
Co.,
Lee
Higginson
Corp., - Carl' M.
Loeb,
& Co., Laurence M. Marks &
Co., Mason-Hagan,
Inc., McDonald is Co., Merrill Lynch, Pierce, Fenner is
Beane, Merrill, Turben is Co., F, S.
Moseley is Co.,
Maynard H. Murch & Co., Newhard, Cook & Co., Pacific
Northwest
Co., Robinson Humphrey Co., E. H. Rollins is
Sons, Inc., Schwabacher is Co., Stroud is Co.,
Inc., Union'
Corp., G. H. Walker is Co., Weinress is Co.,
White, Weld is Co., The Wisconsin Co. and Dean Witter
Securities
is Co.
■'
1*255,300 United States Tobacco
(nonpar).
Price,
Co.
$28%
Glore, Forgan & Co.
shares 'of
8,880
common
stock
Orignated
share.
per
with
"
•
■••
265,193 Universal
Cyclops
Corp. 10,249 shares of common
Price, $25% per share.; iOffered by Mellon
(par $1).
Securities Corp./
5,268,750 Visking
(par
Corp.
150,000
shares
of
class
A
stock
common
$5).
Price, $35!/a per share.
Offered
by
Co., Inc., Lehman Brothers, Bache
Bacon, Whipple & Co., William Blair is Co., Blyth
Inc., Central Republic Co. (Inc.), Julien Collins
Eastman, Dillon is Co., Emanuel is Co., Equitable
ties Corp., Glore, Forgan &
Co., Goldman, Sachs
Hallgarten & Co., Harriman Ripley is Co., Inc.,
Becker
is
A.
&
G.
Co.,
is Co.,
is Co.,
Securi¬
& Co.,
Henry
Kidder, Peabody
& Co., Kalman & Co.,
Inc., Kebbon, McCormick is Co.,
Ledenburg, Thalmann & Co., McDonald & Co., F. S. Mose¬
ley & Co., Reynolds is Co., I. M. Simon & Co., Smith,
Barney is Co*, ^Wcrtheirt ^ Cot And Kuhn# Loeb dc Go;
Herrman
r
-
Steel
&
Co.,
Hornblower
&
Weeks,
tl55,200 Washington Railway & Electric Co. 6,400 shares of partici¬
pating units.
Price, $24% per unit.
Originated with
Model, Rowland is Stone.
; ;v •
York, 10,000 shares
per
share.
Offered
of
by
$50,583,647
Issues placed
;
privately.. (Indicates special offerings.
Brewing
128,000
Co.,
shares
of
common
stock.
Ripley
is: Co.,
Inc.,
Peabody; dc
is
Co.,
Chaplin
is
Co.,
Farwell,
Dividends are .grouped in two separate tables.
Lehman
Co.,
Cohu is
In the
first We bring together all the "dividends announced tht
current week.
Then we follow with a second table in
which
Offered by Allen ds Co.
Kidder,
DIVIDENDS
we
show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment ;News Department" in the wek when
;declared;i;;:>®^t;z,S:'/^
The dividends announced this week
:mT w
are:
:
no'.r •:
Industrial and Miscellaneous Companies
Chapman is Co.,
Reynolds is Co.,
tr.!';-/'
M
Laurence M. Marks & Co., Prescott & Co.,
-
& Co., Eastman, 'Dillon
& Co., Hemphill
Hornblower is Weeks, Lee Higginson Corp.,
Brothers,
Paine,
Webber, Jackson
is
Curtis,
Trask & Co., Alex. Brown & Sons, Ames, Emerich
Inc.,
Auchincloss,
Parker
&
Redpath,
Bacon,
& Co., Courts & Co., Equitable Securities
Corp.,
Shepard & Co.- Kalman is Co.,
Inc.,
F.
S.
of
Co.
Stearns
Mitchum, Tully &
-
•
f'.'
C. Roney is Co., J. C. Bradford & Co., E. W. Clark
is Co., Cooley & Co., A. G. Edwards is
Sons, W. L. Lyons
& Co., H. O. Peet is Co., Westhelmer is
Co., Arnhold is
Holdert
Name ot Company
Wm.
S.
Bleichroeder, Inc., and Janney is Co.
97,500 Kearney Jfc Trecker Corp., 3,0OO shares of common stock
(par $3).
Price, $32% per share. Offered by Blyth is
Blair
.
.
Co.
Price,
6,889,200 Tennessee
Pan-
commoix stock
by Kuhn, Loeb
Brothers, Merrill Lynch, Pierce, Fenner & Beane,
Davis «fe Co., A. C. Allyn and Co., Inc.,
Kebbon, McCormick is Co., Bacon,
W.
'>
-
shares
Originated with Hemphill,
;
Paper
company
deceased.
Kebbon,
!
Torrey, Eastman, Dillon & Co.; Hallgarten is Co., Johns;t '/ton, Lemon is Co./ Laird, Bissell & Meeds, Lee Higginson
Corp., Piper, Jaffray is Hopwood, Sutro is Co., Bear,
& Co.,
Spencer
Co.,
153,400 shares of common stock
(par $5). Price, $25.25 per share.
Offered by Carl M.
Loeb, Rhoades & Co., Smith, Barney 8c Co., Kuhn, Loeb
is Co., Blyth ds Co., Inc., Goldman, Sachs is Co., Harriman
,
Noyes
is
Price, $6%jier share.
4,000,000 Victor Chemical Works 40,000 shares of 3Y2% cumulative
preferred stock (par $100).
Purpose, augment manufacturing facilities. Price, $100 and dividends.
Offered by
F. Eberstadt & Co., Inc., A. G. Becker & Co., Inc.,
William
is
3,873,350 (Julius) Kayser '8s Co.,
Co.,
Co.,
and Fred
Dillon
common
Purpose, working capital.
Price, $30
Offered by The First Boston Corp. and George
is
Collins
Records, Inc.
Price, $56
832,000 Harvard
$23 per share. Offered by Kidder, Peabody
Central Republic Co., Inc., A. G. Becker is Co.,
McDonald
stock
of
250,000 Electronics Corp. of America, 50,000 shares of common
stock
(par 50 cents).
Price, $5 per share. Offered by
First Colony Corp., Hirsch is Co., Simons, Linburn .dc Co.,
$20).
.
pel' share.
par).
$10).
172,440 Taylor
^Indicates
Price,
Co.,
Eastman,
Middlebrook, Childs, Jeffries is Thorndike, Inc.,
Grubbs, Scott is Co., and Irving J. Rice is Co.
Bpnbright & Co.
v
13,000
>Sachs ds Co.
v
t552,225 Detroit Edison Co. 22,200 shares of capital stock (par
$20).
Price, $25% per share. ; Originated with Hallgarten
1,291,703 UARCO Incorporated,: 56,161 shares of common stock (no
' par)..
Purpose, refunding ($210,000),; expansion ($1,081,iIt .*¥ 703).
Co.,
Coburn &
of
Lines,
.
50c).
stock
&
Co. of New
Price, .$87.50
Lee Higginson Corp.
Co.
635,100 Taylor Instrument Companies 21,170 shares
stock
Rhoades
$1).
common
Purpose, purchase of equipment, etc.
Price,
$22 per share. Offered by Hill,
Thompson & Co., Inc.
.
Co.
Oil
Co.
of
Indiana, 15,000 shares of capital
stock (par $25). Price, $44% per share.
Originated with
Glore, Morgan is Co. and Dehman Brothers.
(par
;
M, Newton & Co., Russ .is Company, Waller,
Waggener, Harold E. Wood & Co. and Woodard-
875,000 Dentists'
286,000 Susquehanna Mills, Inc. 13,000 shares of common stock
(par
B
Orig-
3,804,220 Union
is CO,
:
|
(no
1,000,000 Sutherland
(par
corporate
.
.
'1
.
Canteen Co, of America 108,050 shares Of
(par $5).
Price, $23.50 per share. Offered;
is Weeks,
Central Republic Co.
(Inc.),
Julien
E.
1,680,000 Decca
(par
2,000,000 Shellmar Products Corp. 40,000 shares of 4%% cumulative preferred stock (par $50). Purpose, acquisition of
constituent company. Price, $52.50 per share. Offered by
.Glore, Forgan & Co., Hallgarten & Co., Hornblower As
Weeks, Merrill Lynch, Pierce, Fenner & Beane, Shields
& Co., Dean Witter is Co., Kalman & Co., Inc., Bacon,
.
Whipple & Co.,: Hemphill; Noyes is Co., and Paul Hi.
]'
Co.,
Elwood
;
25,000 shares of'$4 cumulative pre¬
ferred stock. Purpose, working capital. Sold
privately to
Northwestern Mutual Life Insurance Co. through Goldman,; Sachs is Co. and Piper, Jaffray & Hopwood. :
]
class
&
t663,750 Standard
'
Davis
Austin &
*2,500,000 Pillsbury Mills, Inc.
<
'
stock
H.
coast,
per share and dividends. Offered by Blyth & Co.,
Inc., and
Schwabacher «fc Co.
v,
i
Greyhound
Price; $35%
Noyes ds Co.
Offered by Tellier is Co.
2,685,000 Consolidated Gas, Electric Light & Power Co. of Baltimore
30,000 shares of common stock (no par).
Price $89.50 per
'
share,
Offered by Drexel is Co,
and Merrill Lynch,
pierce, Fenner & Beane.
preferred stock, convertible series (4%% dividend) (par
$100. Purpose, construction of plants, etc. Price, $102.50
j
,
,
3,778,125 Dallas Railway & Terminal Co. 162,500 shares of common
stock
(par $20).
Price, $23.25 per share.
Offered by
The First Boston Corp., Blyth is Co., Inc., W. C. Langley
is Co., Merrill Lynch, Pierce, Fenner ds Beane,
A. C.
Allyn & Co., Inc., The Wisconsin Co., The Milwaukee Co.,
Ames, Emerich & Co., Inc., Bosworth, Chanute, Loughridge
Corp.
96,000 shares of common stock.
Purpose, acquisition, expansion.
Price
(approximately),
$22 per share. Placed privately.
)
of
share.
..
Trask & CO., Harris, Hall & Co. (Inc;), Hornblower & Weeks, The Milwaukee Co., Van
Alstyne, Noel
is Co., Laird, Bissell & Meeds, and Kuhn, Loeb & "Co.
*2,000,000 Noma
.
t464,750 Southeastern
stock
$100).
per
,
■;
(par
*
?
common
is Co.
Spencer
}
;
stock
Purpose,
shares
,
." Securities Corp., Bmith, Barney is Co., Hallgarten & Co;,
-
common
10,000
Price, $41%
Price, $24 per share. Offered by
Glore, Forgan
Co.,' Hallgarten is Co.,' Hornblower: is Weeks, Merrill
Lynch,. Pierce, Fenner ds! Beane, Shields ds
Co., Dean
Witter ;ds Coi, Kalman ds Co., Inc.,
Baoon, Whipple is Co..
Hemphill. Noyes & Co; Paul H; Davis &
Co.,. Brailsford
is Co./ J.
M. Dain ds CoV Elworthy ds
Co,/ Farwell,
Chapman & Co., Kebbon, McCormick is Co.,
Laird, Bissell
is Meeds, Lester ds Co., Loewi ds
Co., The Milwaukee Co..
and Maynard H, Murch is Co.
,
•
Julien Collins & Co.,Hurd, Clegg& Co.andO.H,.Wibbing
'r'i"
.2,126,625 Climax Molybdenum CP; 53,500 shares of common stock
W J
(no par).
Price, $39% per share.
Offered by Blyth da
.
'
Offerrt by Union Securities Corp., Stone & Webster
dendt
.
j
4(4%
new
unit.
Co.,
$10).
(no par).
Hornblower
Paul
i 4,000,000 Newport Industries, Inc. 40,000 shares of cumulative
preferred
each.
of
Tobacco
(par
--■ds
McCormick & Co., Lehman Brothers, Merrill Lynch, Pierce,
Fenner & Beane, Paine, Webber, Jackson & Curtis, Shields
& Co., Union Securities Corporation, Dean Witter is Co.,
is
SL Denis J, VUlere is Co.
share
per
stock
3,600,000 Shellmar Products Corp., 150,000 shar^ of ccimmon
Representing New Financing
Co.
is
common
in
Co., Inc., J. H. Hilsman & Co., Inc., The Robin¬
Co., Sterne, Agee & Leach, R. S. Dickson
Co.,;.Inc., Kirchofer is Arnold, Inc., Varnedoe, Chisholm
$ Co., Inc., Norris is Hirshberg, Inc., Allen & Co., Courts
is Co., Johnson, Lane, Space & Co., Inc., Milhous, Martin
McKnight, Inc., Weil & Co., AllenC. Ewing & Co,, and
•
one
Reynolds
440,000 Textron', Inc; 20,000 shares hf common stock
(pair 5dc)»
Price, $22 per share.
Offered by J. Arthur Warner 8s Co.
-Sachs
.
~
;
refund¬
Offered
is
j
s
' v
and 40,000 shares of
of
Price, $30
2,539,269 Automatic
,
of* 4%%
Purpose,
dividends.
:
son-Humphrey
.
units
Issues Not
$7 - cumulative and $5 cumulative preferred
stocks. Unexchanged shares (3,681) offered by Clement A.
;
(par $25)
in
J.)
common
•'/ 7.^;- inated with Lehman Brothers and Glore, Forgan
$1,225,000 Anchor Hocking Glass Corp. 25,000 shares of common stock
(par $12.50). Wice, $49 per share.
Offered by Goldman,
exchange for
-
f415,000 (R.
-
10,COO shares of capital
Price, $49 per share.
Originated with
Glore# Forgan dis Co* and Lehman Brothers.
Farm Loan and Government Agency Issues
R. S. Dickson & Co., 'Inc.,
Tucker, Anthony is Co.,
Pacific Northwest Co., Day,
share
,
Fenner &
$30,645,000 Federal Intermediate Credit Banks %% consolidated de;■ bentures,
dated Feb. 1, 1946, due Nov. 1, 1946.
Purpose,
reftmding <$29,900,000), new money ($745,000)> - Price,
par.
Offered by Charles R. Dunn, fiscal agent,
^
H. F. Boynton & Co., Inc.,
and Reinholdt is Gartner.
stock
per
Steel Caj Co* Inc., 58,000 shares of common
stock <par ($1). . Price, ($26% per -share. .Offered by
Kuhn, Doeb ds Co.
>
1
"
*
.
^
$11,038,300
Inc.,
Service
Linen
cumulative
ing.
-
.
„,
Co.,
Stillman, Maynard & Co.,
Pierce,
Inc.
stock
cumulative
common
Ce./ Inc.; Newburger is Hano, J. C. Bradford is Co.,
Holden ds Co., Grimm $s Co., McAlister, Smith is
Inc., Mead, Irvine ds Co., and Herbert W. Schaefer
Co.,
for
Purpose, augment working capital. Price, $20 per share.
Offered to officers, employees and stockholders.
Not un¬
derwritten.
: Vv=
.;;; ,v, -,
•'
holders; unsubscribed shares (4,711) purchased by' Laird,
Bissell & Meeds, Spencer Trask & Co., ; Merrill Lynch,
Pierce, Fenner <fe Beane, Smith, Barney & Co.; Union
Securities Corp., E. H. Rollins & Co., Inc., William Blair
ds
1,515,250 Pressed
2,010,300 Westelra Ait Lines, Inc. 100,§15 shares of capita! stock.
($3,101,823),
Price, $100 and
general corporate purposes ($4,179,177).
dividends.
Offered for subscription to
Prices, $20 per share.
Offered
stockholders.
Not underwritten.
to
Lynch,
purposes.
preferred stock (par $100). Purpose, refunding
& Torrey,
Courts ds Co,, Doolittle,
Hill, Richards is Co., Johnston, Lemon
^ Pate,
1,200,000 Manufacturers Credit Corp. 46,000 shares of 6% preferred
Company.
7,281,000 Liquid Carbonic Corp. 72,810 shares of 3Va%
>"
•
& Co. and Pacific Northwest Co.
(par
(par $1).
t490,000 Standard Oil Co. of California,
Beane, Kidder, Peabody
& Co.,
Goldman, Sachs 8s Co., Hemphill, Noyes is Co.,
Hornblower is Weeks, Lehman Brothers,
Baker, Watts is
Co., A. G. Becker & Co., Inc., F. S. Moseley & Co., Lee
Higginson Corp., Folger, Nolan, Inc., Johnson, Lane, Space
and Co., Inc., Kebbon, McCormick & Co.,
Mitchum, Tully
Co.,
stock
common
Co.,( Taussig,, Day is Co., Inc.; Johnson, Lane, Space
stock.
($3,866,390), corporate purposes <$2,133,610).
Price,
$104 per share.
Offered for subscription to common stock¬
holders.
Unsubscribed
shares
(5,407)
underwritten
by
17,000 shares
Co.
ds
Ing
of 6% cumulative pre¬
$29). < Purpose, pay bank loans, etc.
Price, $20 per share and dividend.
Offered by Kebbon,
McCormick & Co., Bacon, Whipple & Co., Farwell, Chap¬
Nut
stock
ferred
.
2,362,500 Phelps Dodge Corp., 60,000 shares of common stock
(par $25).
Price, $39% per share.
Offered by Blyth is
60,000 shares of 3Va% cumulative
preferred stock (par $100).. Purpose, refund--
convertible
10,000 shares for investment at $5.50 per share.
340,000 Kelling
$.100).
etc.
purposes.
subscription
r
Cohu
Schoellkopf is Co.,
v
6,000,000 McCrory Stores Corp.
and
purchased
underwriters
same
Middlebrook,
invest¬
,
Airlines, Ine. 91,400 shares of common stock
Purpose,^purchase of additional aircraft, etc,,
corporate
of '4%
by Kebbon, McCormick is
Farwell, Chapman is Co.
;
MISCELLANEOUS
«•
<
.
199,000 Keliing Nut Co. 34,000 shares of common stock (par $3).
Purpose, pay bank obligations, etc. ; Price, $6 per share for
24,000 shares and $5.50 per share for 10,000 shares.
Bacon,
(par
acquisitions,
(par $1).
i
■
cumulative
preferred stock (par $100), /Purpose,; -expansion.
Price,
$103.50 per share and dividend.
Offered by Blyth & Co.,
Inc., Lehman Brothers, Wertheim & Co., J. Barth & Co.,
Dean Witter & Co., Kaiser & Co., Laird, Bissell is Meeds,
Shuman, Agnew & Co. and The Wisconsin Co.
Offered
Co., 11,400 shares of common
$45 per share. Originated with
Bull,
$1,828,000 Colonial
and Irving J. Rice & Co.
shares
purchased for
i 1
Brothers,
Stone
&
Webster
and
Blodget,- fine.,
Union
>> Securities Corp., Eastman, Dillon & Co., Hayden, Stone
is Co-., W. E. Hutton is
Co., Biddle, Whelen & Co., E. W,,
Clark & : Co., Clark, Dodge is Co.,
Graham, Parsons is
Co., Merrill Lynch, Pierce, Fenner & Beane, W. H. Newhold's Son & Co., Stroud & Co., Ino., White, Weld is Co.,
A.
Becker is Co,; : Inc.,/ Central Republic
Company(Inc.), Elkins, Morris & Co.-, Harris, Hall & Co. (Inc.),
Janney is Co., The Wisconsin Co., Yarnall & Co., Bacon,
Whipple & Co.,
The Illinois Company,
Kebbon, Mc¬
Cormick & Co.,
Laird, Bissell is Meeds, Newhard, Cook
8s Co., Francis I. duPont is Co. and Dixon is Co.
,
Middlebrook, Childs, Jeffries & Thorndike, Inc., Grubbs,
50,000
shares
First Boston Corporation, Harriman Ripley i& Co., Inc.,v
Kidder, Peabody is Co., Lee Higginson Corp., Lehman
1 '
:
Corp. of America 50,000 shares of common
50 cents(.
Purpose, general corporate pur¬
Price, $5 per share.
Offered by First Colony
Corp., Hirsch & Co., Simons, Linburn is Co., Coburn ds
Ltd.
-
,
$5.75 per share.
Offered by Van Alstyne, Noel &
Co., Ira Haupt is Co., White, Weld & Co., Hirsch is
Co.,
Butcher & Sherrerd,
E. W, Clucas & Co.,
Coburn is
V
cumulative
Purpose, repayment of bank
Price, $101.50 per share and
dividend.
Offered
for
subscription to: common - stock-.-,
holders.
Unsubscribed
shares
(16,347)
purchased
and
sold by Smith,
Barney is Co., Morgan Stanley is Co.,
Kuhn, Loeb & Co., Goldman, Sachs is Co., Mellon Securi¬
ties Corporation, Blyth &
Co., Inc., Drexel is Co., The
(par
Co.,
•
.
575,000 Pantasote Co., 100,000 shares of
2nd
Purpose, plant improvement.Offered for subscription to common
by Navajo Corp.
loans,
poses.
State
of
shares
OIL
Purpose,
Scott is Co.
20,392.8
(par $100).
preferred stock
250 000 Electronics
5 ' 000 ' 000 Golden
lVz%
$10,200,000 AtlanticRefining Go j 102,000 shares of 3.60%
70,000 Electronics Corp. of America 70,000 shares 55 cents cumu- lative
convertible preferred stock
(par $1)/* (Purpose, /
corporate purposes. -; Price, $10 per share.
Offered by
First Colony Corporation, Hirsch is Co., Simons, Linburn
& Co., Coburn & Middlebrook, Childs, Jeffries & Thorndike, Inc., Grubbs, Scott and Co. and Irving J. Rice is Co.
v
-
Gas. & Electric
(par $25). Price,
Hallgarten is Co.
stock
:
Inc,;.;^-:^^^v;
stock
Co., 25,OQ0 'shares of $2 preferred
Price,,,$41 per share. Offered by Stroud
t513,000 Pacific
)
&
>
Water
Stock (no pa^>,
is* Co., Inc.
$56,849,164
Co.
Harvester
$1).
1,025,000 Northeastern
Price,
Juice 'Co.,
Price, $100 per share.
stockholders, Unsubscribed
Boyce /and
Bros. :&
Grape
preferred stock
^
,
ment
101,769 shares of common stock
repayment of bank loan ($1,200,000),
plant expansion and working capital ($1,937,149).
Price,
$21 per share).
Offered by Reynolds & Co., Van Alstyne,
Noel & Co.,
Alex. Brown is Sons, The Ohio Co., Sutro
is
Co., Watling, Lerchen is Co.,
Ball, Burge & Kraus,
Bateman, Eichler & Co., J. C. Bradford & Co., Loewi
*& Co.; Peltason, Tenenbaum Co.,Reinholdt • & Gardner,
Scherck, Richter Co., Boettcher -and Co.,; R. H. Johnson
&
Co., Pacific Northwest Co., Burr is Company, Inc.,
Gillen is Co. and Henry C. Robinson & Co.,
Detroit
(par
••
Stein
Co.,
&
Co.,
Co.,
&
/
Richards is Co., Riter & Co., Adamex Securities
Bosworth, Chanute, Loughridge is Co., H. F. BoynCo., Inc., Courts & Co., A. M. Kidder is Co,, Parrish
ton &
is
Fenn
Inc., Watling, Lerchen
Co., Loewi is Co., The
&
•
Co., Hill,
Corp.,
McCormick
'
2,039,280 Welch
:
($3,877,200).
Price, $103 per share and
by Hemphill, Noyes is Co., Hallgarten
& Co.
Shields is Co., Blyth is Co., Inc., Eastman; Dillon
&
Co., The First Boston Corp., W. E. Hutton is Co.,
Kidder, Peabody is Co., Merrill Lynch, Pierce, Fenner &
Beane, Blair & Co., Inc., W. C. Langley & Co., Paine,$
Webber,
Jackson & Curtis, Wertheim & Co., Graham,
Parsons & Co., Repnolds is Co., Laurence M. Marks is Co.,
'
Phelps,
Co.,
Co., E. H. Rollins & Sons,
Cd.,''Kebbon,
Monday, February 25, 1946
,
•
Offered
dividend.
&
"J Milwaukee
capital
working
Prescott
Co., The Wisconsin Co., Boettcher and Co.,
Chanute, Loughridge is Co., Brush,r Slocumb
Vl^' }■''& Co.,'Johnston, Lemon is Co., Schwabacher & Co., R. A;
>, ,
Shillinglaw & Co., Stix & Co., The Illinois Co., The Ohio
Co., Tucker, Anthony & Co., and Woodard-Elwood is Co.
is
7,725 000 Columbia Pictures Corp. 75,000 shares of $4.25 cumulative
preferred stock (no par). Purpose, refunding ($3,847,800),
'•i-.Xt'
Co.,
&
Bosworth,
&
is
Julien
and
Co.
&
,
Securities Corp., Clark, Dodge is Co., EastCo., Hornblower is Weeks, W. E. Hutton
Union
Beane,
is
Boston Corp., Kebbon, McCormick
Brothers, Merrill Lynch, Pierce, Fenner
The
Co.,
Moseley
Riter &
i'.
purchased
and
sold
by
the following
Harriman
Ripley & Co., Hemphill,
Noyes
shares
scribed
' v
•;
.■
Co.,
inc.
6
Aero
/,
'
140,000 (J.
J.)
par).
Newberry Co., 4,000 shares of common stock (no
Price, $35 per share. Offered by Blyth & Co., Inc.
Share
Supply Mfg.- Co., class A (quar.)
Allied
Products Corp.
6%
,
(quar.)
—.
;
15c
3-15
3-15
4-
,
1
4- 1
4-
1
4-
1
$1.25
.
vt Rec.
'
1
3-15
62%c
Cigar, common (quar.)
preferred (quar.)——
American Colortype Co., com,/(Increased)-.^
4%% preferred (quar.)L—
—;
4-
15c
25c
30q
(quar.)—50c
Casualty (Reading Pa.)
American Cigarette &
Payable
37%c
Aetna Ball is Roller Bearing, common5% convertible • preferred (quar.).^./w_^/
Aetna Casualty & Surety Co.__
Aetna Life Insurance Co. (guar.)
American
55,000 Le Roi Co., 5,000 shares of /commoh stock; Xpari^ S2,50
.
Price, $11 per share. .Offered by First Coiony Corp.
'
-
$1.50
3-21
3-15
3-30
25c/ ' 3-15
56%c
3-15
3-
2
3-15
/
3-1
3-
1
■
Volume 1631 "Wumber 4467
".CiyCIW-C3' ;7337
'"
'
'•
-3'
'
: THE COMMERCIAL & FINANCIAL
CHRONICLE
When
Miamt of Company -t
'■
-
Payable
Short
-
Holiert
"7
■
o/JRec.
;
American Cyahamld' Co'.i common (quar.)—
5"% preferred (quar.V—i——
'4-71'
■""' 250
I2V2C '•",.-4-rl C
American Hawaiian SS. Co.—
3-14
V
", 75c
AmericanUnsur ancb (Newark, N.J.) (s-a).—
25c ."?.:;4- 1
:
:4- 1 Ijlxtra :.
'SOc
7 3-11
American Laundry * Machinery (quar;)
50c
American Seal^Kap: Corp. of 'Del,...U-,-,——.7
4-19
' 15c
American Stamping Co., (irreg.)-j—--/A-J:-,1'' "12 %'e
3-30
3-13
American Sumatra Tobacco (quar.)—-I-—
25c
;
7,
•73-4
''
f
3-
3-1
American
•'American
American
73/:'
,Extra.:-i.-2——2——2—U-l-tL-r——2-
vui
•;!
3-16
\7.7
Common
4-15
3-15
4-
1
4-
6%
1
3-15
4-
.7; Atlanta & Charlotte Air Lifie ~Ry. (s-a) *2Atlas Corp.; common (s-a )-2--_—————
-6% 'preferred
2——-----2"'
Automobile 'insurance Co. (Hartford) (quar.)
7$4.50 7 7
1
3-
1
4-
'2oc
—
'•/;
2-20
2-28
;;
1
10c
3-15
Boston
&
Boston
•
Real
Brooke
pfd.
3-15
4-
3-
(E.
.42
&
G.)
Iron
Co.
—
7%
*
;
Bldgs.; 7%
Californla lnk Co.
...v
pfd;
<qdar.
(aceum.)
I-''
1
1
w_"r——
7
V,
6%
preferred
Ltd., common (increased)
(quar.)—
Central
Vermont Public
4.15%
preferred
Chesebrough
/A'
Extra
.
;'4
Mfg.
—•-
Service,
Co.
(quar.)——
;
_
-
:
—
v,
preferred (quar.)
Cincinnati Milling Machine
Clorox
Chemical
5%
(initial)
-
convertible preferred
__
Cutler-Hammer,
&
Inc.
-62 Vac
a.
(accum.)—
30c
(quar.)i
?
"7
(quar.)
' 7.%
preferred
(quar.)——
Driver-Harris* Co.
(quar.)__—
;Dupont
(interim)—
,$4.50 preferred (quar.,)»-
.
•V.
Economy
$1.50 i!
$1,507,
-
Grocery
Stores
(quar.)
El Paso Electric
(Texas), $4.50 pfd. (quar.)_
Electric Auto-Lite.
75c
———
Electrographic Corp., common (quar.)
'■
\r>
7% preferred (quar.)_—
■', Erie & Pittsburgh RR. (quar.)
Pennsylvania State tax of 7 Vic must
$$$/& deducted. WT■/'
Exchange Buffet Corp. (quar.)
■,;r
Special
Products, Inc.
Faultless
Rubber
Federal
Mining
.
Co.-.
&
■'
7%*'preferred
preferred
'
,
(San
;
<
1
2-15
3-
1
2-15
3-
1
1
3-
$
75c
3-15
"40c
10c
3-
2,2
22
I7'/2c
(quar.)
(quar.)
Power* Co., $5 preferred
9-
8-20
12-
11-20
4-
3-15
quar.),
(quar.)
Y.)
—
3-15
$1.25
4-
4-
•••
class
class A
A
(quar.)———
3-1
2-12
6-28
•
'3-30
2-28
2-28
$75c
50c
"4-
1
3-29
7 $1:25
4-
25c
1
4-1
■
-
$1 class A (quar.
25c
—
;
6-1
25c
9-
25c
7
3-30
•
3-
7
3-15
3-
8
3-
8
s
3- 9
2-21
Francisco
3-1
Scott
Sharon
2-21
Co.,
common
&
Wall
prior
7%
1
3-15
44-
1
3-15
3-15
4-
2
3-15
4-
1
3-15
3-
1
$5 conv.
preferred
Shattuck
8-21
12- 1
11-21
Shenango Valley Water,
Shepard Niles Crane &
(Frank
G.)
Co.
'''
'7''
'
■
2-15
$1.50 v70 4-30
4-15
3-30
3-
8
3-15
3-
1
5%
3- 9
3- 2
Acme
1
3-15
Adam Hat
7L 3- 1
2-19
t
•v/4-
50c
3-15
3-
3-15
1
3-
1
A $1.75
,•7:3- 1
1
y
.7;. ■'>;r
preferred
Steel
(quar,)——
(quar.)
Co.
3-15
1
4-
1
3-11
Alabama
3-15
2-28
4-
1
3-4
:>4- 1
3-11
4-
1
3-11
,•774- 1
3-11
3- 7
Extra
Laboratories,
3-4
2-20
3-7
3-28
3-
4-10
4-1
25c
3-15
3- 1
Aluminum
3-15
3-
Aluminum Industries, Inc.
20c
3-19
(quar.)-—;
(quar.)_^_
15c
preferred
3-20
American
Arch
3-15
American
Automobile
3-4
(St,
Lpuls)
6
3-
2
$1.75
4-
3-
2
$1.50
4-1:77
3-11
3-4
1-29
12 VaC
40c
4-
3-
5
3-
1
$$1.50
345
'
•
2-15
3-
1
3-12
American
$1.50
3-12
2-28
American
30o
7 2-28
68 %c
cash-
Crystal Sugar, 6% pfd, (quar.)
Factors, Ltd.
(quar.) —;
—,
American & Foreign Power Co., Inc.—
$6 preferred (accum.)-——-—-.
$7 preferred
(accum.)
———
25c
4-
2
$1.50
4-
1
90c
4-
1
341
American
Forging & Socket Co.
3-18
2-22
American
Fork
3-15
$1.75
6'Ac
20c
3- 9
7
3- 9
7.73-717'
&
7
American Gas & Electric; common
(quar.)
40c
w;
.
2-18
2-18
3-15
2-28
2-20
3-15
(quar.)
50c
773-1
2-19
$2.50 preferred (quar.)-—.-——-.——--.
$3 preferred, (quar,)-^—
—
American Hide & Leather—
;
62%c
3-1
1
3-20
1
3-20
3-
1
6 % »convertible
preferred
75C
6-30
6-15
American
Home
75c
12-31
12-14
American
Indemnity
3-20
American
Investment
3-7
American
Machine
American
Metal
:10c
3-30
50c
3-14
.
3-30
3-16
4-
3-16
1
25C
3-21
3-
$1.50
3-1
2-20
3-
2-19
2
1
6%
preferred
$1.18%
(quar.)-—
(quar.)
&
Co.,
Co.
of Illinois (quar.)
Foundry———:
Ltd., common
(quar.)
American Paper
Goods,
7%
pfd.
(quar.)
3-/
3-1
-
•3/
20c
$2
-/;•
:.
50C
17
2-
3-
1
2-11
2-28
3-
1
2-19
3-
•3
1
3-U
20c
25C
3- 5
32-14*
1
3-
*15C
/;
2-15
3.
8
2-15
772-15
3-14
$1.50
American Meter Co., Inc.—_—————♦
American News Co. (bi-monthly)
1
75c
Products
(monthly)—.
Co.———-
4-
,75c
——
3- 9
3-14
3-.'l v7
American General Corp. $2 preferred
3-11
;
2-19
2-18
4-
$1
/,
25C
Hoe,/ common
preferred
f
3-U
2-21
4%%
3-1
2-2$
3-U
>
$1.75
5
'w 4-
25c
$1.50
12'/aC
—_
3-
$1.25
$1.25
(quar.)
I-/./
3-15
3-4
.
1
2-15
;7
WCl 7/7
2-28
.
$1,25
25c
•
1
2-20
.
4-
3-15
8
2-
3-1
2-
,
3-12
or
3-15*
2-21
7
3-4
$1
3-11
Co.
(quar.)
——Light Corp.—
(opt. div. series) -fo share-
stock
1
25c
2-28
B
v
7
345
50c
class
72-15
7 2-20
74-74-!'
20c
15c
—«
3-14*
8
341
$1.50
Co.
$2.75 class A
3-15
245
3-' 9
50c
37 Vac
•;..v
4-
7/2507
93 %c
of
1-29
1
:3-74;-7:
$4
pfd.
American Cities Power &
v
4
3-
20c
American
1
1
,4—' 17'-
$1
(quar.)
3-15
Chicle
3-
25C
(quar.)—
Insurance
3-20
1
2-
4-1
Co.l———--r-
4-15
2-19
2
(quar.)—
3-12
2-28
•
x
Aluminum, Ltd., Jbmmon——
6% preferred (quar.)
3-31
3-
t$2
Manufacturing
4-
$1
3-15
7
8
2-25
$1.50
America, Common (quar.)
(quar.)
Goods
1-31
2-28
4-71,7,
3-
———
__——
3- 5
4-15
25c.
Aluminum Co. of
*
3-23
1
3-
750
Cement—*-—■
7;
1
'50c
(quar.)
7,
1
4-
$3c
v
4-
25c
Common
Alpha Portland
8%
3-1
3-31
200
; 10c
Inc.—.—.—
3-23
1
345
12 Vac
Allied Stores Corp., 4% pfd. (quar.)
Allis-Chalmers Manufacturing Co., 4%
3-15
2-15
$$1.75
———
Allied
3-20
2-15
20C
25c
f
1
1
Mills.
2-25
5
2-20
4-
4-
$30c
Power, $6 preferred (quar.)-.——
$7 preferred (quar.)————
6%" preferred (quar.)—«.—
Alaska Juneau Gold Mining Co. (resumed)—
.
2-20
3-12
$1.25
Alabama
1
3-10
3-15
7 250
,
—
3-11
3-11
1
12VaC
___——.—
1
3-
#3-30
of Reo,
4-
31V4C
1
3-15
35c
3-
Holder«
40C
4-
3-14
Wnen
"
(quar.)
Aetna Standard Engineering Co.—
Common: (quar.)
62 Vac
—
57T
Payable
$$1.25
—
i
Stores* Inc.r common———^—
15c
:
■'
:"v:: /j-
$25c
——
5% preferred (quar.)—
Agnew-Surpass Shoe Stores, Ltd., com. (quar.)
7%
preferred
(quar.
Agricultural Insurance (Watertown, N. Y.) —7
Quarterly—w—.———
-..—J—"'
Air7Associates, Inc. <(quar.) ——4——
Air-Way Electric Appliance Corp.———
;
■
Share
(quar.)
25c
—
2-15
3-15
Preferred
2-20
4-
Common
2-20
.
(s-a)—
2-28
^
1
Acadia Atlantic Sugar Refineries, Ltd.—
2-28
3-
$1.50
''7777,7,;;.'7'''
3-
Per
2-20
25c
—:
2-15
3-15
,25a
■•'<''•''*>*'''1.^... V'7:-'"-7,
2-20
1
;
.
7-7;';'3-vl7
J1.75
:
5
2-18
,7;'73-' 1
$1.12'/a
Name of Company
1
25c
(quar.)
17 Vac
(accum.)_
-
2-15
2-
7v73-/'l7 ■37
$1.18%
,
3-15
7
3- I
2-15
.35c
8
2-21
Industrial and Miscellaneous Conmaxues
3-
$1.06'A
$1.06'A
(quar.)——
r;t.4^I:7
v:7
70c
(quar.)——-—
6% pfd. (quar.)—
Hoist
$1.12'/a
•
5
3-
7 2-15
3- 47
25c
5
3,
72-28
45c
—
3-
3-15
50c 777 4- 4
i'-$3
1
3-11
:
3-15
preceding table.
■'*
3-
30c
(irregular)———/
(quar.)
5-21
$1.25
$1.25
—
3-
3-21
::
1
2-20
?,
3-15
..
/
$1.06'A
2-20
75C
(quar.)—
3-
2-20
7
3- 2
37yac
$31 V,c
idW ;
1
3-12
25c
preferred
2-19
3-15
.50c
30c
Assn.
15c
30c •/:■!/3-
4
P
7
1
3-22
10c
;
3-
$1.50
'
——
Light—
2-21
7'3-"4
3-15 77 ;7 3-
A
$1.50
*
2-21
2
Below we give the dividends announced in prevloiii
weeks and not yet paid.
The list does not include divi¬
dends announced this
week, these being given in the
3-15
$1.75
;
3-
3-15
43%C
——
(quar.)—
preferred
•-/
30c
62 V2C
(quar.)—
Power &
3-2
'$3
7 $3.50
2-28
f
4-
.
(initial)
(quar.)_^
7
common-
Board
2-18
»
2-18
72-21;
3-20
Co.
(quar.)—
37%C
Ltd., 6Va% pfd. (quar.)_ $$1.62'/a
Williams, Inc.Corp., common
7! 3-12
3- 2
Young (L. A.) Spring & Wire (quar.)
1
(quar.)
Steel
$2
(quar.)——
2-28
$7
3- 4
(quar.)
Semi-annual.
2-16
1
2-28
;
3-20
3-11
-40c
Remedial Loan
2-19
4-
'
.
2-26
,
Woolf Brothers,
2-28
$$1.50
Rockwood
Schumaker
•
2-20
1
25c
(quar.)
(accum.)
pfd. (quar.)_
Reynolds (R. J.) Tobacco, 3.60% pfd. (quar.)
Rice Ranch Oil (quar.)
t.-_,
7
Riley Stoker Corp. (quar.)
Robertshaw Thermostat,
pfd. (quar.)
Rockwell Mfg., new common
(initial quar.)_
San
•'/
2-28
9
37 Vac
& Co., common
(quar.)
7(5%..: preferred
(quar.)
7
5% 'prior preference/ (quar.)
Ruud Manufacturing
9
3-11
7: 2-28
'V::-.
(quar;)*—-------
1
3-15
YYU
—
common
A
8-10
11-
3-11
$1.50
-
4% % preferred (initial quar.) —u
Wood Newspaper Machinery—■
$1.50
-
2-20
3-9
3-
50c
Co., common (quar.)—-——
.(quar. ).C-——_
Steel Corp.,
prior preferred
6%
(quar.)—
3-11
.15a;
3-29
—
Republic
4-1
2-15
9.09%
•;.'■'
-
preferred
Wisconsin
10c
—
(quar.)—————T_——■
3-13*
4-
,
preferred
Reliance Grain Co.,
5-10
'•
8-15
v
50c
!
(quar.)—
Co.
preferred
43A%
3-1
3-29
25c
of
3-1
>$L50
—
$<1
3-15
Ra.vbestos-Manhattan
14— ;• 1
*
-Special
,,i_22———_jr—
:7-25c 7" 4- 1
Hammermill Paper Co., common (quar.)
;
25c
3-11
2 4Vi
%;, preferred'* (quar.)—jsCj.
*
'"$1.12 Vi 7
?4- 1
,\'AV4% preferred (initial),—
$1.2159
:4- -l':
Heywood-Wnkefield Co., 5% pfd. B (quar.)_
31c
7; 3-1
Common (irregular)—:
'75c
3-11
Hobart Mfg.
Co., class A (quar.)
37Vic
3- 1
Holt (Henry) & Co., $1 class A
(quar,)
25c
,7 3- 1
$1
Purina
3% %
1
2-25
$2
$1.25
Ralston
;
15C
$1.18%
preferred (monthly)—.—
Service Co.
7
3-
2-18
11-15
50c
(J. B.) Co. (quar.)
Winters & ' Hirsch, / 7 % preferred (quar.)
Wisconsin Electric Power,
common--—i,.— 7;
6% preferred (quar.)—
73-16
15c
Okla., 4% pfd. (quar.)
Quaker City Fire & Marine Insurance Co.—
3-9
1
$1.25
3-15
3-8
Insurance
Brothers Pictures (quar.)———
Grape Juice, 4%%, preferred (quar.)
West Virginia Water Service, common-U—
$4.50 preferred
(quar,)_
—
White Villa Grocers (s-a)—
2-23
3- 2
/25c
(quar.)
Co.
/
5-15
<
30c
s
,
Warner
2-23
3-
Inc.
Co.
'
Welch
3-12
2
4-
62 VaC
(quar.)
Products
Car
3-
3-11
:
.
25c
,
3-U
2-13
1
3-15
25c
&
■:
———
6
2-28
$4
(Dallas) (quar.)
Williams
3,
5c
„
3-5
6%
Pacific
Shoals Mfg.
5%
,
3-30
:
50c
3-15
i=
::
Steel
7
(quar.)——i-—
prior /preferred
Ware
2-15
$1.50
East Dome Mines (quar.)—.
Service Corp. of N. J., common--
Public
40c
;
(quar.)—
Insurance
3-
1
3-
3-29
77 $1.75
7
25c
common
10c
Prentiss-Wabers
Public
2-23
37 Vac
3-15'
3-29
$50 2
—
2-7
;
1
$75c ' '3-30
(quar.)
7i 2-26
2-18
(quar.)
1
3-29
$62Vic
——„,
3-15
aoc
Extra
3-11
,
}$1
West"Saddlery, 6% 1st pfd. (quar.)_2
2-28
Preston
5c
6%
3-15
,
_
Accident
—1 •>
8
3-25
$1
10c 7
—
2-20
$1.18%.
2nd preferred
(quar.)
(Charles) & Co. (increased)—
Pressed
50c
-
3-1
3-15
;
Co., common
(quar.)_
preferred (quar.)
Preferred
2-26
3-25
$1.75
Viking Pump Co
Virginian Railway \(quar.)--:--
1
25c
3-30
$1.12^/
Group No.
.
5
2-28
13 %c
.
3-
3-
25c
V
Utah-Home Fire Insurance (Salt Lake
City)
Utiea & Mohawk Cotton Mills (initial )_—
3-15
V
Philadelphia, Germantown & Norristown RR.
Co. (quar.)
Pittsburgh Forgings Co. (quar.)____
Plymouth Gil Co. (quar.)
Porter (H. K;) Co., inc., common
5% preferred (quar,)
1—
Powdrfell,& Alexander,; Inc. (quar.)77.77.1^
3-U
3-12
40c
pfd.
/
Corp.—
Upson-Walton
3-5
s
3-20
2IV4C
2nd preferred, (quar.),
2——
Griesedleck Western Brewery" Co._
r
3-
4-1
'4-: I
4$1.50
■;
1
3-1
25c
22—^
(stock div.)__
1 Oil Corp. (quar.)
Guantanamo Sugar Co., $5 pfd.
Qulf Oil Corporation (quar.)_—
3-
3-12
'25c
4(4%
Pfizer
3-9
$i;50
—
preferred (quar.)———-^,2—22^2-^2^
Min$,'6% preferred (quar.)
(N.
3-1
4-
4-1
'
Gosnold
Bank
.74-
*$1.37
.I%c
goo
/
—„—
preferred;
(quar.)_2^2,2———2-—2Berber Products Co., common (quar.)
4Vi%i^preferred (quar,)—2
Goebel•'Brewing Co; (quar. )2
i«?
2-20
17Vic
—
Great
'2-20
2-28
3-15
Milk
Pet
2-20
3-
3-
' ioc-
J(quar,)-—2—
(increased
Peoples Drug Stores,
2-22
3-12
2-28
$2.80 preferred (quar.)^
Pennsylvania Salt Manufacturing
4'A%
5-20
"C0.1
National
*2-21
3-11
;;:6-
preferred
-Grace
5
717Vic
preferred
Common
3-
3-9
:
€%
,
-■
3-
_1
Penney (J. C.) Co., new
Pennsylvania Edison,-$5
'
3-15
.•!■■!$2
Tubes, Ltd. (quar.)
Penick
&
Ford, Ltd. (quar.)_,
Penn Electric Switch, class A
(quar.):
5
3-15
,
(quar.)—
Mining Corp
Pennsylvania RR.
Texas. Co
1
3-15
10c
-
(quar.)—
England Tel. & Tel.
4-
25c
25c
■
$1.50
Page-Hersey
5
3-
1
$2.50
7%
B'Gosh, Inc., common
$1.50 preferred (quar.)—
1
3-
4-
62 VaC
pfd.
3-15
:
7% non-cum. preferred
United Wall Paper, Inc.—-
3-12
;
,
(s-a)
Oshkosh
3-15
3-1
$$1.25
Oklahoma Gas & Electric,
.
2-21
4-
b; .750c
Manufacturing Co.22——
.2—2—
Goodyear Tire y& Rubber Cor of Canada—
;
3-
3-10
Goodman
y
1
3-11
12 Vac
5%
2
1
56'Ac
.
Ltd.—
——
1
3-
4-
_
Special 1% preferred <s*a)--—----U./S. 7Tobacco, common———-—
2-28
$3c
(quar.)
Co.-.
Co.,
3-14
3-15
(quar.)
—
3-
3-15
10c
-
United States" Envelope Co., common (s-a)—
3-15
25c
Newmont
1
3-
3-10
.
,
North
North
(quar.)2—-22-,—^2—2,22(quar.)
Ge6rgia
;
2-25
2-28
3-20
(quat.)2—
*
1
8
17Vic
preferred
'6%
3-
2-25
*
«•
.
1
1
"50c
v'General Bronze Cotp.
(quar.)—
'
(General Candy Corp.
t(quar.)2__—,2—i—v
.General Railway Signal. Co., com.:
(quar.)
.*
New
4-
,22
preferred
Bex
Neiman-Marcus
3-
Galveston-Houston Co. (quar:)22^—2,2—:20c
Gatineau Power, 5% pxeferred
(quar.)
$$1.25
jf,5Vi%
"General
3-15
Fran-
2—«2
7%
;
1
50c
2_
(quar.)_
7%
"
-
'4-
Extra
3-30
2
30c
—
/Extra'
3-15
25c
(Hartford) (quar.)_
&r:Accident1 Insurance
Co.
Life,
(Tenn.)
t;
3-
| 75c
5%'-partic.VB2~^,—..!
7%
*
5
47c
Smelting
Indemnity Co.
cisco (quar.)i.—2-.-—
First Bank Stock Corp.
(s-a)_2
Fitzsimmons Stores, Ltd.—
:*£/&' 5% partic. A (quar.)—
,
5
4-1
10c
National Fire Insurance
3-
2-27
9
'
37 Vac
(quar.)
—
3-
•10c
3-
2-26
3-
25c
IUuminating;——--»—A.#—-i*.j-:y,—--;
United
4-15
87'Vic
(quar.)
(G. C.) Co., 43A% preferred (quar.)
City Lines (quar,)—
3-15
6-20 7
'4-1
.
'25c
(s-a)_—
Co,
1
$1
•
'
Brass
3-12
3-30
-
Co.7(quar.)^-^-:H-i.u«,;
Fastener
Elastic
United:
9-20
12-2
15c
(quar.)__
(quar.)
1
preferred
1
50c
(initial)
Fund
Co.
7-1
31 Vic 77
7
4-
3-15
;
.•
(Tenn.)
Structural Steel,
1
•
(quar.)
$6 preferred
Carpet Mills (quar.)i
National
United
12-23
25c
—
Exploration
2-28
,
35c
common
3i
3-15
——
United-Carr
10- 1
62V2C
Northwestern Utilities, Ltd., 6% pfd.
Ohio Confection Co., $2.50 cl. A
(quar.)
Cleaning & Dyeing Co. (quar.)
■—22--._2_2^——
Firemen's
2-25
3-15
3-20
-
Copper Co.
National
10c
1
Mines, Ltd. (quar.)_
Murphy
be
Fertton United
.
1
:10c
Pabricon
Extra
-
3- 9
$1.75
87 Vac
2^^—
Pabef, Coe & Gregg, common
Special ^2-2———2_;
2
5
3-
^
4-
(irregular)
Products (quar.)_—
4-
25c
3-12
75c
Disintegrating
2-25
1
1
Company,
3-15
3-29
-
'
preierred
&
Co.
Machine
4-10
7
4-
25c
Mfg. Co., common
5%' preferred (s-a)_____—
3-14
4i
,77
$1.12% v
25c
...
Insurance
Land
Convertible
3-15
3-
3-12
Glass____
participating
4-25f
50C'^
1
(quar.)
Corp.,
2-16
.
Mojud Hosiery. Co., common (increased
5%. preferredw (quar.)
i
Mbntana-Dakota Utilities, common
5% preferred (quar.)——
—7.7
3-
4-
pfd._
2-28
4-157
"7
$1.25
-
Products
Mississippi Power,
3-12
$1.12%«'
12j/2C
1
25c
Mohawk
3-
3-12
25c
2-23
1
1
;
2-20
4-
4-
i
1
,
3-
2-28
25c
6%
1
'
-25c;'
3-15
3- 5
(quar.)-.
6%
preferred (quar.)--———
3-15 /
3- 5
$1.25
Twin-Disc Clutch Aquar,
/ 50c
3-25
77 3-14
Union Carbide & Carbon--—-———„-7
75c
3-1
7/74-/i;7
Union Wire Rope Corp.—
/•.',//':
New common (initial quar.)—
20c
3-15
2-28
United CarboA Co,
(quar.) J*75c
3-15
3-1
3-15
(quar.)__.
i
3-
(quar.)
Quarterly ^——i——
Quarterly.;—^.
Trion
2-27
$1.127/2
3-11
60c
:
Co,
prior preferred
Mueller
Kodak Co., common
(quar. )„
preferred' (quar,)———»2
6%
2-28
3-1
$$ 1.75. "
."'Eastman
tJsi
1
2-23
1
3-
"
$$1.25
2_
3-
3-
3-30
'
3-14
3-14
—
of St. Louis
——
3-1
9
1
I
$1
(quar.)——-—— 7
preferred
Insurance
2-20
1
4-
!
(quar.)
Trinity Universal Insurance
:
3-15
73-30
3-
25 3/l0c
—
(quar.)
common
Land -Co.
Shovel, 7%
Travelers
3-1
;
37J/aC
Michigan Consol, Gas Co., 43A% pfd. (quar.)
Michigan Sy^ar, G% preferred (accum.)—
Mid-West Refineries, Inc., common
(quar.)_
2-15
3-
-;25c:
—
1
3-11
®1";7-
7106%
East Sugar Loaf Coal—^
j
x
3-15
4'A% .pfd.
__
&
2-21
2-20
1
4-
Corp.
Corp.
(quar.)——
Oil
Thew
2
25c
Fink
Metals
;
preferred
2-21
$2
Stove
Title Insurance Corp.
,
SOc
(quai'.)i_____
Merrimack
2
Texon
2-28
3-
25c
Mengel';Cdf
2
3-11
3-11
20c
Manufacturing Co. (quar.)
Mary Lee Candies, Inc.—,
i
(E. I.). deNemours & Co.~
Common
&
Mesta
3-15
'25c
-
,
3-
20c7*
7
Divco
Corporation
(stock
dividend)—
2,. Dopeckmun, Company; 222^222-222222^222222Dominion Textile *Cd.j common
%
ItC
12 VaC
Emil)
35c
$1.50
Marion
1
3-
2-28
25cl
preferred (quar.)
Magma Copper Co.—
i:
3-9
1
4-
75c
(quar.)-^-.:
5%
1
3-
(D,
Miami
2
Dictaphone Corp., common (quar.)—.
iy
■ 4%
preferred (quar.)——2^2
;—2
/
3-147
4-
;
'
Detroit Harvester
Co»a.x2-^-.ii^—.i2^-i
Diana/Stores Corp.. (quar.).^22
i
.
'7:
4
3pc;
2-28;
75c
Corp,;, (quar.)
preferred
Macassa
4-15
3-
'
:
——
MacKinnon
4
3-
Co.
Copper
Lyon Metal
3-1
-
3-15
*31.75
-
3-
4-25
1
$1.20
(irregular)-—
Bound Brook RR.
7
3-10
3-10
5c /->
Z-.ii Dentist's Supply Co. of N. Y.—
•/''
v Increased (quar.)
1.——•—-il
•
3-25
.
Corp.
Mfg. & Supply, common
preierred (quar.)_
Lunkenheimer
5
v
1
'
xl%%;
3-
15c
/
Texas Hydro-Electric, $3.50
pfd. (accum.)—
Tex-O-Kan Flour Mills, 7% pfd. (quar.)—_
2-28
7 4-
2-21
Louisiana
3-15
'
"•'4- 1 *•
;
4Va %.
Tennessee
9
3-15
6%
;
3
1
3-
20c:
Davenport Hosiery kills, Inc., 7% pfd.——.
/.Delaware
.
2-
40c
_
(quar.)_i.—
1
3-15
3-25
;Cr«wrt Drug Co. (s-a)—
Crown Overall Mfg.—
6%
prior
preierred
3-
;
11-
15c 7
7%
3-20
25c
$I7c
87 VaC
(quar.)—
(quar,)
Inc.,
2-14
>
3-14
$1.50
:
Telautograph
2-28
Liie & Casualty
Lincoln Service
3-20
'
12-2
X$l,75
3-14
7.
(interim)—-
com.
Water,
Paper Co.
(James),
Tappan
7
2-28
Liberty Aircraft Products—
$l;25 -preferred (quar.)
2-25
1
30c
-
(increased)
Co.*- (Del.)——
common—u—w
v-:
3-15
30c
4- I
Quarterly 77-—*
Quarterly
3-8
/•'
5-10
8-10
7 4-1
Libby-Owens-Ford
3-8
1
4-
35c
(quar.)——
9
Sutherland
3-U
2-28
$1.50
—
2-26
6-10
0- 3
xl'/i% -
Lehn
3-15
4-
3-14 7
xiy4%:;
Langendorf United Bakeries, Inc.,
Leath
Co.,: common (increased)
$2.50 preferred (quar.)______
2-28
•4-
-
$22 F"
$1.75'
Co.
Continental Oil
Copperweld Steel,
:J
Co.
(£•:
30c
30c
30c
'
.
(quar.)
4 Vi %
•
?„
3-30
$1.25
7%
.-3' Cleveland Quarries
;li
75c
2-28
7i7 Quarterly
/
1
3-
2-28
3-15
(quar.)
Klein
•7 2-15
3-15
41
——
y-'i
3-
1
45c >7; 3-30
*
Chesapeake <& Ohio Ry. <quar.>_
Chicago Daily News, Inc., 3% pfd. (quar.)
Christiana Securities Co., common——
>
1
4-1
$1.04
i
3-1
3-20
27c"
common
(quar.)
1-
4-
75c'
•
2-28
3-
$30cf
$$1.50'5
,
2-28
4-
3-15
California
of Reo,
3-15
2c
-
•
Sullivan Machinery Co. (reduced)-.^
Sunshine Mining Co. (quar.)Talcott
Keystone Steel & Wire (quar.)__
Kimberly-Clark Corp., common (quar.)
-7 :Extra
—2——
i 3- 8 7.
3-15
2-28
C
Special
3-15
1
"2-5;
$1.10
v__
$50c
—
-
Royalty1 Co.——
l'Oc
Staley (A. E;) Mfg., $5 preferred^
■A $1.37 Va
Standard Oil Co. (Ky.)
(quar.)
:;V' 25c
Sterling Aluminum Products
•7?7
26c
Sterling Motor Truck (stock dividend)—
-i 200%
9
3-15
:
Joy Manufacturing
6
3-20
&
$45c :-
Western Natural Gas Light, Heat
& Power'Co., Ltd., 6% pfd. (quar.)_
Central Steel & Wire, 6% pfd. <quar.)_
;
3-
345
25c
Canadian
■
3-30
3-
preference
6%
8
4-
50c
45c
__
rA„,,
3-
'
California Pacific Utilities, com. (increased)
6%r preferred (quar.)
Canadian Cottons,
"t
75c
—
■
1
8
4-/it/<
> 50c
3-
,
2-12
4-1
2-15
(quar.)——
Sugar,
(quar.)
Holder*
Payable
Southland
3-1
preference D
Joslyn
249
•4-
Southern
10c
>
Rico
preferred
3-15
$1,017
(accum.)
Porto
:7; 8%
$1.18
Lake'Sulphur Co., Tn^r commtmr—
7% 'preferred (s-a)—-—
244
3-
$1.75
————
Bush Terminal
:3-
.15c
preferred (quar.)
Bullard Company;2^2iv2*-«2~2«-i-,w-----4-
preferred
Kennecott
$1.10
(resumed)
Johns-Manville
f
3-15
$1.25
'
5%
2-28
1
B
Jefferson
2-20
4-
4-15
2-28
5%
,
2-28
Extra
3-15
.
50c
•
345
.
3-15
IOC
-
1
3-30
2-28
IOC
(quar.)
VV7;,.:' Quarterly".
7;
Brooklyn Borough Gas Co.— V,"
4.40% preferred (quar )—Kf Brooklyn Telegraph & Messenger (quar.)__
Bucyrus-Erie Co., common..
,
7
50c
■
•
3-15
(accUm.)_——7
A
Share
;
(quar.)——
—• "AAi'A.
(Alsop) Paint & Varnish—
7% -preferred (quar.)—
Smith (T.^L.) Co., 6%
preferred
1
3-
When
rer
•-'/.■7v';'7'7':/!'
Smith
3-31
50c
Jamaica Public Service, Ltd., com.
(quar.)_^
7% preference A (quar.)
7%• preference B (quar.)——^
345
4-
$1.75
Trust—
1
(quar.)_____.,
Common.; iquar.)
2-14
4-
;
3-15
'
South
£ Common; (quar, )^______________^_____
5
3- 1
25c
$1,50
;
(quar.)
1
preferred
''7;,-'
Name of Company
Ltd., 5% preferred (quar.)
(Wm.)1 Brewery (quar.)—
Singer Manufacturing Co.
4-1
4-15
"
2-28
$1
Albany
Estate
preferred
77:7Common
3-1
50c
Bayuk Cigars, .Inc.: (increased)—_—-——
Beech-Nut Packing Co.
(quar.)
7/3 Belknap Hardware & Mfg. Co. (quar.),—,—
1
Securities—
j,:i/7 lY'Cfi'C
■
Simon
$o
6% preferred (accum.)_
~--i—7.;..
Iron-Fireman Manufacturing Go.— :
\
7
Common tquar.)—————7—
3-~r
/4-;,:l":7;
25c
Basic Refractories
3-15
3-20
25c
.
1
3-
17;
$20c
$37 Vac
Reinsurance
6 Vi %
' 3-15
—
Birmingham Electric, $6
$7 preferred (quar.)
participating
7%
'250
3-
Bronze
(quar.)
4%
preferred (s-a)
International Safety Razor, cl.
Iowa Southern Utilities Co.—
above payment was declared on Feb. 7
In addition to the 25c payment 'shown in
last* Monday's issUe.
"
'
* '■
Silknit,
•
preferred (annual)
Powders, Ltd.—
!;'^;^7'77.7
9' ■1
3- 1
1$1
*
-*'
7;77:'.;77,-:-//
3-
3-n
(quar.$$1.25
International-Ocean
3-20
of Reo.
,25c
.
1071
3-20
-
15c
International-Ocean
7*3-:57;
3-20
75c
International
1
3- '1
Holder*
Payable
25c
,
Co
preferred
Ingram & Bell, 6%
'the
Arizona Edison Co.,. Inc., common (quar.)—.
$5 preferred (quar.)—
11——
V:
7 .5% ^convertible
7 3-15
3-
Plantation
-When
1
Share
*(resumed)_«_
Industrial Acceptance 'Corp.,-Ltd.*—*
3-1
Per
-
Houston Gil Co. of Texas, 6%. pfd.^
Huron & Erie Mortgage Corp,
(quar.)-.-.—
1
3-13
A-,—, 25c
Telephone & Telegraph
iquar.K
$2.25
Thermometer, $5.50 pfd. (quar.)— $1.37'/2
Woolen Co.; 7% pfd. (afccum.) 22"
$2
Wtinger Co.; Inc.—
American
2
1
.
ft ameof Company
Honolulu
*
3-
,
Extra''—A.
i.,i
./
Homestake Mining Co.
3- 4 7
■
*
;
'
-
7vJ U.* :77,./■
1
2-19
•:: 3-15 7 7 2-21
35c
3-12
3-
2
$1.75
3-15
3-
5
THE COMMERCIAL & FINANCIAL
1072
*'•
.
.
y
...
* '•, v
Name of Company
___________—
$
15c
Corp.
>
.
3-
Refining Co. (quarJ-
Smelting &
American
American Steamship. (quar.
50c
*2
50c
250
*:
;
Foundries (quar.)
—_
American Stores Co. (quar.)-.,-—-—,'
Steel
American
■
Buell Die
/:
6- 1 ■■■■■■'
3-20
3-28
Bunker
;
1
2-16
4T t
preferred
$4.50
(s-a)
d
7- 5
—
Anglo-Canadian Telephone Co, CI. A (quar.)
tide
Archer-Daniels-Midland Co, —20c
■;
Extra
4 Va %
3-
8 ■•:
3-
1
California
8
(quar.)
/Common
1
2-11
3-
1
2-11
Extra
5 '/o
3-12
1
4-
Canada
3- 4
••
2-11
1
"
2-18
: 2-18
3-1
3-15
-
4bc
3-
1
^2^811
2
-
1-2&
3-13:
Gold
Mines; (quar.)
•
—,
2-21
Autocar Company,. 5% conv. "A-'. pfd. (quar.)
<5%
'
"B"
preferred
(quar,
Aiito Gear Works $1.65
_
pfd.
conv,
(quar.).
Automatic. Canteen Co.- of America (initial)
Ayondale Mills,
,
BdldWin Locomotive Works, 7 fa pfd. (s-a)—
Baltimore u Radio
Show,
Inc.—___V
—
preferred (quar.) ______________
Bangor Hydro-Electric Co.—
; Q'ji
preferred (quar.)_
77preferred (quar.);
Bankers Trust Co.: (N. Y.)
(increased);..—
Surber-Ellis Co. of Canada
(quar;)——.
•
„
_
.Extra
1—
.a.—
___—....
3? 1
.
'
^3-1
Canadian Food
'
'
2-15
....._
■'
1
2-18
3-
1
2-18
v
3-
•
1
Y-15
:
.
3- 9
2-14
l
/
Buthurst Power &
Beau.Brummel
Canadian
3-
1
Paper class
$1
A
Carrier
3-11
'
3-9
Case
'
2-28
:•
v
30c
preferred
Howell
?4 V\c/o
....
4-
preierred
Steel
Corp,
25c
' 7<Ve
preferred, (quar,)
Bigelow-Sanford Carpet, com. (quar.).....
(W preferred (quar.)—
..j—_
.
'
$1.50
ioc
'■'Billings & Spencer Co.
Son,
5%
preferred
"
4-
1
1
3-
1
-■
'
2
1
:
$1.50
5%
3-
1
Chicago
Co.
$1.25
3-
1
2-20
15c
———
...
preferred (s-a)
conv.
1
Chiksan
Bliss
&
Bioch
1-
2-15
3-
1
2-15
25c
3-30
3-20
37'/2C
(quar.)
(reduced)
Tobacco
Bros.
3-30
3-20
15C
Bloch Tobacco
Co, common (quar.)——
preferred (quar.)—
6Vc
Blue
Ridge
Corp,
$3
conv.
pfd.
Payable in 1/32nd share of
1
or
in
75c
cash
5%
3-
75c
5%; convertible preferred
...>
-3-
1
>
City
-
^
3- 1
2- 9
7Vc
3-
1
$1,75
preferred
Bond
(H. C.), 7%
Stores,
4 l/a %
Inc.,
1st pfd. (accum.)
i'
common
4-
3-"l
\Borden
Co,
$1.12Va
1
50c
2-14
3-12
3-
4-
1
3-
2
4-
1
3-
Eoss
(quar.)—.
&
Rubber
Co,
(quar.)
B-.'ach
50c
(E.
(quar,)—.
(quar.)
j.)Sons
2-25
5%
3-20
3-
1
4-
1
15c
5-20
Colonial
4%
4-19
—
—
(quar.)—
...
3-30
—
'
-British
American
Bank Note Co,
-■
Celanese,
American
Erltish
Erown
Columbia
Packers
Fenced Wire Co,
(final).i
Brown
i
Shoe
Co, Inc,
$3.60 preferred
Bruck Silk Mills,
new
com.
25c
2-25
3-11
3-11
Fuel
3-15
—
3-15
5
5
2-26
4-
5
2-26
2Va%
I
.4"
8%
$$1
k;
$1
■■•' 2l/2C.
-
.
.2;>
———■-•
30c
3-
6
;
2-28
2-28
.2-14
'
2-18
:
3-
1
2-20 ''
4-30
4-19
3-15
2-15
2-15
6-
1
6-15
$1.25
9-
2
8-15'
$15c
3-
1
245
l'5c
3-
1
2-15
3-31
3-9
3-
2-11
$1.25
3-
1
345
...
3-15
50c
4-
1
4-
1
com....
—
-.
$1.12'A
;
87'AC
345
2-11
Iron,
Pictures
&
25c
common.
.
3-
1
1
16'AC
3-
1
75c
3-
1
/
-
$$1.75
4-15
'
3-
40c
§
Inc., Class A
3- 8
40C
/
(quar.)...
preferred
(final)..
3-
8
4-
/
4
2-15
2-15
683Ac
25'Ac
1
■
(quar.)
35c
3-18
9C
....
$'/2c
..i—
Co,
$5
35c
(quar.)._______
pfd.
(quar.)
$1.25
:
2-18
2-18
5-
4-
5
1
2-11
$1.75
3-
1
2.-11
$1.50
3-30
3-20
6-29
9-30
........$1.50
12-21
—
(quar.)—_
(quar.).....—
$$1.50
$1.50
..J
Co.
—
new
preferred
&
Mfg.
—
2-
5
4-1';'
3-
1
3-12
:
2-281
4-
1/'■■•■■
3-20
V
4-'l' /
.
—$1.75
3-20
3-31
3-15-
3-1
-
60c
(quar.).
2-15
2-25
75c
—-
—
2-26
1
3-
.$l-06'/4
(quar.)
9
2-28
3-15
$6
$20c
75c
(cfhar.)
(irreg.$$1.20
com. "(initial)——
25c
2-18
3-5
10c
i"V25c
25C
2-15;
3-
3-25 '
V3* iy
;
6
2-15*
KXtI'&
Morse
*-
& Co.
n..j' U.V
(quar.)——
'V'--————i'——
Federal
"Extra
1
Bake Shops
-
(quar.)
3-
1
2-11
25c,
(reduced)._
3-
1
2-27
'/?■■ 2-15
••"V 2-13
3-30
-V, 3-15
25c
.
——-—
Candy Shops (quar.)——
,& Traders Life Insurance, Syracuse
•
3-
-i——-J-—~
37'Ac
4-
$2.50
V
25c
25c-:
Kt ■•/
i.
1
13-30
3-16'
3-30
3-16.
...
—
•
■')*•
2-1L
25c
9-10
12-10"
3-14
? 3-1
*« :
Farmer
Farmers
.3-14
4-1
25c
(quar.) ...J—-—
Fajardo Sugar Co. of Porto RicO"
Falstaff Brewing Corp——
Fanny
4-15
25c
20C
—
—
preferred
3-10
3-15
.
9-20
.
6-10
•
9-15
12-15
2d0 ■'
■■
6-20
12-
3-15
Trust
Stores,
Controller
Fairbanks
-
2-15
3-.1
$$1.50'
■
1
i.
Inc.
—
Extra
9*
6-15
._■__.
241
3-
4%:
5%
(Toronto)—'
Quarterly _____________J_.___._J_—...
:
2-28
$1
-
2-
3-15
Inc.
20C:
»
2-25
$$1.50
f Quarterly
2-28
2-25
.
2-15
$$1.50
3-15
3-15
341
$1.50
Natural Gas Co. (quar.)
7% preferred (quar.)__._j
11 Park Place Co. (Initial)—
Elgin National Watch (quar.)..
Ely & Walker Dry Goods, common
Empire & Bay State Telephone—
.
■
2-25
Quarterly —*—.1—■—■».——
Congoleum-Nairn,
'
4-14
20C
,
1
3-
1
V'3^-4
2-18
guaranteed (quar.)'
\ " I*.
3_i357$y.-;.'3_ 1
/•/;• 2-15
Empire District Electric Co, com. (quar,)..
,
28c
■3' * ^-2-15
5% preferred
2-15
(quar.)
'
$1-25
3-20 /•:=•: English Electric Co. of Canada/Ltd.—
.7':,2-28'>
$3 non-cum. Class A (qugr.)
■■■' / $25c
2-12
"
2-15
3
75c
2-21 :,:'/■■■ •- Equity Corp.. $3 conv. preferred (accum.)—
3 4- *-2-14
$1.25 ^
-/■V2-2f''Vv Erie Railroad Co, $5 pfd. A (quar,)_
.f/^5-17
$5 preferred A (quar.)..—'
v,;
- $J*25 ;/
:•■"■■ 3- 9 ;V/
8-16
9-1
$5 preferred A (quar.)——'———.
•— ■:;///V
2- 6
•'■11-15
12- 1
$5 preferred A (quar.)—"J
2- 1
4-15 V 3-14
30c
Eversharp, Inc, common (quar.)..—.——
'. ■/■
■?'••■'
3-11
■Quarterly w—i.J--.—-'
':
: e;
^/::24L^J
"
Tel.
.
$1.50
Investment
Bros.
Electric
2-19
1
3-
3-
50C
preferred
Co.
3r28
—
El Paso
2-19
1
50c
10c
Corp.___^.__..__.l^/
Corp, $4.25 pfd. (initial) 18 9/10c
Edison
2-25
'
(
4)4'^participating
2-19
1
35'Ac
—
convertible
Commodity Corp.
Commoil, Ltd.'
3-10
A-l-
50c
50c
$1.12'A
$1.12'A
$1.25
——_—
Manufacturing
Economic
1-31
3-
31'Ac
(quar.)..-
new
'
6
3-
2-28
3-
.
$1.25
—.
< s-a)
Co,
35
:
3-22
3-15
1st pfd. (quar.) (clears all arrears)—
Steel Products, new (initial)"
Eaton
2-25
3-30 :.
,V
Electric
Carbon
"
1st preferred (quar.)..
Edison
5%
Co.
4-1
(
31'Ac
:
2-18
'
6%
-
2-11
3-15
2-18
3-21
2-28
933Ac
9334c
Eastern
i
3-
2-15,
1
50c
6%
iJ'.
3-15 ;
3-1.
;
1
3-
'4* 1
,
S
Eastern Massachusetts Street Ry.—
'i-v /W'.-i1-
50c
—
3-
15c
-
$1.50
preferred
(quar.).
Magnesia Talc Co.,
Quarterly,.
Quarterly
Quarterly
;
2-26
■
445
50c
$1.75
10c
'(quar.):.—
Eastern
2-26
$1.25
....
1
'
6$ .preferred
2-11
75c
3-
Louis & Interurban Water Co.—
East St.
,
1
Public Service Co..
Coast
East
"
7%
(quar.)______
Confederation Life Association
3-15
$20c
3-1
$1.25
40c
convertible
Commonwealth
1-23
$1.02
8
$1.25
Shares__—
Brewing
Columbian
3-
1
2-
1-15
3*4
;
$250
'
.2-4'$
4.V 1
.
2-25
$1.50
$2.75
2-26
4-
2-26
3-14
bM
preferred (quar.)..;
Gas
2-26
4-
9
Pacific
(quar.).....^..!......
Columbia
2-15
5
3-6
2-
4
' $25c.
—
2-15
i2^i|:
3-15
200-;%
$93c
Douglas iW.: L.) Shoe Co.—
$1 conv. prior preferred
Drug Co., common (quar.)..:
■/ 7 "fo
preferred (quar.)
—-Doyle Manufacturing Co,..——
Dravo Corp, 4Vc preferred (initial quar.)..
Dresser Industries, Inc.—
'
" "
'••'3%Vo preferred (quar.).........
Dun & Bradstreet, Inc, common
—-—4VaVo preferred (quar.)___.
—
Duquesne Light Co, 5% 1st pfd. (quar.)..
Durez Plastics & Chemical (quar,)
Eagle Pitcher: Co.....^.—
2-20'
4-15
2-18
1
Bow
2-25
2-20
B I
Class
■
'
3-22
3-1*
3- 1 ■•
J 3- .9
3- 1
Donnaconapaper Co, Ltd. Class A
3-14
,
0
,
.
475c
Dominion-Scottishv}'lpvestments,. ttd
5 <)'o
preferred .,(^ccum.)—$50c
2-15
V
2-
% 8-12
;."3-,i7;
i. 4-14. ■
?- 1
$87'Ac
ist/redeemabjqpreference (quar.)J..*:;
DomingueaVOii r^qWs /(monthly) __
2-20-
1
2-21
•.2*5
$$1.25
.
4-12*
4
8.-- S
/
•
Ltd.—'.
Dominion ? Stores; i»)Utd.f''( quar.)..
Dominion Tar & Chemical, 5Vair, preferred..
3-
25c
Anglo Investment Corpj,
preferred (quar.).—..—
6^
3-13
3-
20C
Co,
.
—61^M»c ,;,;;/'4-...I-
(Western!, Ltd, 7% preierred (quar.).—
Dominion, Fabrics^ .Ltd.—
V:
2-28°
/ 5-1
75c
(increased).——
< quar.
&
Cup' Col, common.
A
(quar.).
5%
2-20
3-1
$1.50f/
;.
'
1
4-
:
4-15
■
4-
1
75c ; >,9* 3.
3-15
6-1$
25c;
3-26
„
2
Dominion Envelope & Cartons
2-20;
3-11
4* 1
.
50c
Texas
(s-a)—.....
Di^ :Pfepper: Co. (increased)* 25<?
2-28
25c
Stores, Inc, common
participating, preferred
Class
:
2- 9
15c
3-29
2-15
10d
.
Co;' (quar.) initial)_a«.
3-1
4125
Columbia Broadcasting System,
Class B
7d
^
(increased)-4.—J
(initial
3-15
62'Ac
Columbia
7d
ciass
l^rown-McLaren Manufacturing
15c
(quar.).—
preferred
Commonwealth
receipts
2-28
—
4-19
Ltd.—
deposit
2-28
3-20
pfd; A__
$2.75
j; Ordinary
British
3-20
8%
2-15
;
(quar.)___
Columbia
$25c
Tobacco Co, Ltd.—
bearer
(final)
Ordinary registered (interim)—
Ordinary registered (final)
1
5% preferred bearer (s-a)——;
1
75c
2-25
British-American
:'
3-
25c
3-
1K6-
■/
.
■
Co, common (quar,)
37'Ac :;'«3- 1
participating preferred (s-a)___.—75c Vi 3- 1
Match
Distillers Corp.-Seagrams. com."(quar,)$55 '/ac. V
5% / preferred
(quar..).—, 't$1.25.-. ^
2-20
2-15
:
International
■
2-15
(quar.)—__J
5-20
Ltd.—
I?- Quarterly '
2-20
$6
(quar.)
u-it;:
4-15
3-20
$5.14
pfd. (initial)
Colorado Milling & Elevator; common...
$3 conv. preferred
(quar.)
7%
preferred (quar.
3-1
Diamond
'
•
Colorado
Brewers
•fif'^Pistillers (Vancouver)—
'
Annuaf-"
2-15
3> 5
3-1
35c
2-2ff.
,
3-15
;
$1.12'A
——
j
I
,
(quar.)..—_—$1>
3-20.
Mfg., 6% pfd. (quar.).—.
,30cs *v3<|
I
2-15
■,
3-15
$1.50
&
convertible
•
.
4- 1
;■=
13%c
5%
2-
.
2-15
3-
$1.50
Chattanooga—
(quar.
Trustee
8
2-18
3- 1
$1.75
$3.7 •Ac
3-1 V,
3-15
87'Ac V,
/
2-15*
$50c
i*
Extra,"-,■
f20c
Brewing Co'rp. of America (quar.)62M?c
E-ristol-Myers Corp, new com. (initial)——
35c
33)')c participating preferred (quar.)——
933/4C
Inc.
2-15
of
preferred
V IJ-
3-
Bridge (Irreg.) ___—
30c
3-30
Detroit-Michigan Stove Co.—
'
*
.5% preferred (quar.).
V——-—r^--j '50c
$5-15
5% 'preferred (quar.)....^.^*—",50c.a
Diamond Alkali Co,
;
50C
<3- 8
i:-/V : 25c /:•' 3-1
3-9
3-30
Airways,
Detroit
3-15
V
Collins & Aikman Corp,
2-19
2-25
■;_■
Detroit Gasket 6t
3-12
■■
:.,'3- 1//
$1.12'/a
.
3-8
35c
—
;
$1.50
B-raniff
3-12
t- 1
$1.25
(quar.
guaranteed
75c
.
2-28
40C
illuminating
6"18" >
v /•
.
Dominion &
(quar.)
preferred
•
"'>•■"■
.
■
A* 1
Colgate-Palmoiive-Peet Co, $3.50 pfd. (quar.)
2-13
2-15
37>/ac
Casket
Brandon Corp., class A
2-25
/ S0c
Manufacturing' Co.——————
Burial
•'
$1
———
preferred
(quar,).
>•
V* 4
1
v
1
-
ifelaware & Hudson Co,
>750
Co.
'
3-18
1
3-15
2'Ac
Fuel
1
7-
3-15
3-*4
3- $
DikiO
——w„—.v.*..,
&
4-
91/W V
3-13
3-14
Collateral
9
50c
Bower Roller Bearing Co.——
Boyertown
Dayton
17140
(quar.)
&
yyyy
$1.75
....—1.
(quar.).
B
? > 4 Va %
";3-'.l;
$1.50
Co
Coast Counties Gas & Electric-^—
3-19
1
Ry,
Hose
.
;
6%
.Pittsburgh RR. Co.—
special
gtd.
(quar.)__—
7%
2-15
4-
Woven
2-15
? 2-15
(quar.)
Orleans
preferred
4%
1
$1.2*
Elevated
Boston
New
Cleveland
3-18
Borg-Warner Corp. .a—40a
/Boston
/Class
1
30c,/
(acoum.)..—
preferred
$4.50
'
6%
Co.
Cleveland Electric
1
3-12
35c
preferred (quar.).__
(increased)—;
....^
Conv.
'
.4- 1
< quar.
(initial)
<
.(quar.)_._—,$i7yac:,v- 3r iy j2*,trvJ,
Power .& Light Co.—
/.
2-20.; >"
preferred.(quar.)
_,„r.V.* $142%; j = ,3- 1 /
■
1
75C-
Yellow Cab (quar.)
(quar.).
Water Co.
5%
2-15
$3.50
—
1
Bohack
2-21
8
40c
Clark Equipment Co, common
-
2-28
RR.
preferred
5 cfc
Blue Top
Brewing Co, Ltd.—
Class B ; (resumed).———_J^——$28c
Etumentbal (Sidney) & Co, com.
(quar.)
20c
2-15
1
Company
Ice
6%
City
—
1
City of New Castle Water Co.—
3-25
stock
'
2-15
1
.
Sons,kInc, T/c preferred (quar.)
Leather,.Ltd, class A (quar.)
Davis
3-
60O
(quar.)——..
Bank
preferred
Extra
(optional)
common
1
3-
1
preferredl(quaiv)_—^—..—w.—
J/i'5%l;preferred/l'(quair.):*ii-Jt.i—
Circle Bar Knitting, Ltd, common (quar.).
2-25
3-30
•3-r
-
4-
5%
.
2-25
30c
$1.50
43^40
4-
•
North Western Ry., 5%
Rivet- & MachineJ...*
Cincinnati
2-11
3-11
,2-15
3-
$4 '
Chile Copper Co.—
Chrysler Corporation
3-1
62'Ac
preferred (s-a)
Laughlin, Inc., common
3-15* I
50c
■
Chickasha Cotton Oil
2-20
convertible
I
Co,
preferred
3-
"25c
preferred
■
Chicago
Chicago
3-15
3-
3-15
Tel.
Curtis' Publishing: Co.*-'"'.$i ptlot" preferrd (quar,).
1
2-25
3-
"280
1
.
$3 preferred -(quar,)———»
Chicago Great- Western Railway Co.—-
2-15
30c
5c
V-
2-25*
4-
Decker/(Alfred)/As Cbhp (quar4-tr^-^WrriVi:V>,'V:;'25p;-/;j/i4-lQ;/
Quarterly
V*f"»yy.*a,VI*.**'?***ft*i\ j J,'ri:, 25c
/I 7-10
Quarterly
;
/. 25c .< ;10-10
Deep Rock; Oil Corp. (quar.)j...... .'
135c
3-18 Ulfo. 4
2-i »
Deere & Co.^ 7%
preferred (quar.)._..l^
,33c ^- 3- I
Chicago Corp.,
2-15
lg
1
.
50a"
Fibre. Co.; com. (quar.)^.
Transit,
Hill
Chestnut
2-20
1
3-
3-15
V
3-15
com.
'7%.i preferredj (quar.
50(i
__—
National
Chase
2-9
3-
(quar.)—
....
W.), 5%
«■
Charlestown
2-23
3•
2-
3-30
$1.75
of America
preferred
$4.50
2-23
3-
...
Bliss (E.
Co.
Champion Paper
2-21
30c
87y2C
-
A'/
.
35c
—
-
I- 6%
3-
$20c
prior initial
Chamberlin
3-9
$1.25
(quar;)—
■
B'.aw-Knox
'.'■:3V 1
75c
initial prefer 'ed (accum.
preferred (accum.)—.—
Century Ribbon Mills, Inc...—....
Chain'. Belt .Co.—
:i 2-11
3-
■l
50c
7%
2-28
.
$$5
prior
$7
2-20*
4
,r
X
$$1
common__._.
$6
2-25
1
$1.50
$1.75
common,.——..—
3-
2-12
/
1-25
3-29
30c /
Inc,
"
2-28
rr;
,
r=
(quar.)
Steel' Products
Ohio
IJ. ;%'■ Extra
3-
(Chicago) —
Co.
Cuban American Sugar Co.—
Central & South West Utilities Co.—
1
2-15
g
2-28
preferred//(ae)?um.) i..——
Central
3-16
3-15
2-15
1
preferred (accum;
Ohio; Lighfr & Power— *;
;$6- preferred (quar.) J...i
2-15
$1.25-
•, *
*
.
&
.
$6
2-15
3-1
50c
1
3-
Central
2-28
3-
2-27
,
3-
6%
2-28
|
3-30
2-28
12-31
Central Illinois Public Service Co.-—
1-31
1
2-15
3-15
Bag & Burlap Co.__
Central COal & Coke. Corp, 4%
2-18
1
3-15
1
4-1
.
(quar.j..—
Birmingham Gas Co, common.
$3.50 prior preferred (quar.)
Birmingham Water Works Co:—
! 6% preferred (quar.)—
Black Hills. Power & Light, com.
5%
preferred (quar.)..—I
Blackhawk Brewing Co.——
Co,
J
2-28
3-15
.
convertible
L)
1
3-
$250
.■
1-31
1
1
31'Ac
-
$1.50
_____ ______..
■h
1
"
Paper Co.—
Cuslunan's
2-15
•■
Vi,.3-rB^
12 Vic
...
Aviation
Bethlehem
(J.
4-
$$1
preferredCentral Foundry Co, 5% conv. pfd. (quar.)
Central Illinois Light 4V2% preferred (quar.)
1
3-
V:y
2-ia <;v
$50o i?-
V'
-
l
,
$25c
'
:
,'
1
4-11
.
f25c
common.—
Corp. .1
;Berghoff Brewing CorpUill.__—.—_—
Eerk,shire Fine Spinning Associates—
Bird
4-
preferred (quar.)I__.$1.06 (4
Quebec: Mines (interim)^...
$10c;
Bendix
.-$5
3-
117Vac
■
(quar.)^^.„...
Co,
Bi^Ueterre
.
3-
.
f$1.75.
—
5fir
(annual)
;
;
$$2
$150
Corp, 14%%■ preferred..—...J...—
(Wih.) Co.
Central Arizona Light & Power Co.
3-15
f$l ?&';**■• i ;
(quar.)
Belgium Glove & Hosiery, Ltd.—
Common
(initial)
3-
2-15
V
3-
—
3-20
Central
2-15
1
-3-15
3-
t$2
preferred
Bell' &
"
50c:
>f>
Extra
*■ ??/.
.
20c !;
*
/
3-20
Tire
T% \ preferred
2-16
,
4-25
4-15
ll'
Mills, common______
6%
preferred A" (quar.).
8%' preferred ,B <quar.)_^__
3-11
1
2-15
$$1.75
I.
common
Carthage
2-28
3- 9
4-
f25c
(quar.)
Ties,
Inc.—....
."i—:
Belden Manufacturing Co.
(quar.)
Beiding-Cortioelli, Ltd., common (quar.)_ *.
•.
3.
/
3-15
& Co,
,
Carter
>
•
$50c
$2 class A preferred
;
2-15
.
3-
-
2-19
C
2-26 •
•
.$2
4- lvV 3-15
6'/2%- pfd. (quar.)..
$1.62V4
:
4- im 3-15
partic. preferred (quar.)_____
$1.75
3- 1
v 2-15
Cook Paint & Varnish Co, common (quar.)
20c
3-1 •
2-15
$3 prior preferred fquar.)u*-j..*.«...—(
75c '
3-12
3-1
Cornell-Dubilier Electric Corp, common....
20c
$5.25 preferred
(quar.)..—_______
u
$1.31'/* * ;445 i 3-22; •
3-15
3-30
Coronet Phosphate !iCo,V.J-_-—_—
/
$1
//J/,/TSlJT/s:
'i
Corrugated-Paper Box Co, Ltd.—
2- 1 '
3- 1
6% preferred; (q«ar.)-;-..._J.._«.-;—^w^V' (4$1.25?
13-15-;■; 3- 1
Crane Co, 3%% preferred (quar.)
—
93%c
2-15 y
2-28
Crown Capital Corp, class A (quar.)__._.
«Ac2-21* •
3-15
Crown Cork & Seal, $2 preferred (quar.'f—
.
50c
Crown Zellerbach Corp, $4.20 pfd. (quar.) ..
V" 2-13 t
< $1.05
3- 1
243 : i
$4 convertible 2nd preferred (quar.)Vi.._,
;$1\
3-15
3-30
Crum.ds Forster 8% preferred (quar.; $2 /
Crum & Forster Insurance Shares Corp.r—
'itki
2-28
' 2-14
7Ci
preferred (quar.)
—,•
;$1.75
1
2- 9
Corp, Ltd. (quar.)
...
Inc., class B (irreg.
(quar.).
Carpenter Steel (interim)___
.____.__._J.
.
2-15
3-13
20c
Seaunlt Mills,
3-15
3-
2-8
'
-
$25C
ordinary/'(irregv)
Carman
2-18
3-
30c
Oil Co. (quar.)—
BathTron-Works Corp. (quar.)
3-
3-30
3-151 T
*
50o
Ltd.' (quar.$5oc
Can Co,
Continental
$12yac
Canadian Locomotive,. Ltd..-..-.—
Canadian Pacifin Railwny Col—
2-15
1
.
Products,
Caterpillar* Tractor^ Co,
Burnsdall
2-22
3-20
:'
'
25C
Continental-Commercial Corp*
7% ^preferred (qnar.)_^
Continental- Mills (irreg.)
—....—,
3-1
/-Class A (quar,'
Ltd.— :';
Barlow &
Seelig Manufacturing Co.—
.$1.20 class A (quar.) l_LV.i____.__
.3-9
3-20
—
Canadian Int'I Investment Trust,
/'■:■ 5%- preferred
(accum.
2- 8
3-
:
$12'AC
—
4-2
$15c
2-26
3-
$1.50 ■'//4--1V
$1.75 ,•. 4- 1
4* 1
45c
3-15
$12yaC
•
_
'
3-10
1
1
(quar.*)..——j,—
Funding rights (Sear end) .—.—I
Canadian Fairbanks-Morse (quar.)....
;
2-15
2- 28
;
15c #
$1.05
• 5c
15c
(increased)—i.———.
'•
2-28
2
'3-15
- •
(interim) __
" '
25c
$3.75
preferred
(quar.)...—' 993Ac
Continental Casualty Co. (Chicago)—
Quarterly —».—
—-40c
3-15
Vinegars, Ltd.. ( quar..
Canadian Breweries, Ltd.
*
Canadian Celanese; Ltd.—
v
'
25c
S 5C
,
common
B IGh Foods, Inc.
,
25c
j.
25c
41 %c
,
I
'
■
.
2-14
1,
3-11
tSdJ
j
2-15
3-12
'
-3-1
•
25c
-
Quarterly
J'
''
V 40c-
(quar.)
Power <fe
Assurance
Continental
$37V4<^
(quar.)
Ltd.
Cdnada
'
2-13
3-15
3-
Co,
Maltihg Cd.f Ltd. (quar.)
Common
.
Aunor
.3-1
$$1.25
$20c
7% ' preferred • (quar;) i...i._.^_.^._
Canada Permanent" Mortgage (quar.)......
2-8
1
33-
$1
Atlantic Refining Co.
(quar.)————_
37'Ac
Atlas Corp, 6'/c preferred (quar.)
;
75c
;.;AilaS;:Powder;:.-COi—_-:^_^-^—. y '75c :
AtlasTack •Cbrp.u,!,———, 7
50c
/
3-
•3-30
'■'•'
2« 8
1
2-15*
5-
Cdnada Northern Power Corp, Ltd.—
3-18
.3-30
Consumers-Glass,
Continental
,
"
(quar.)
Dominion Sugar
&
Canada
.3-11
1
preferred
Canada Fdundries & Forging, Ltd.—
Class A" (qUar.)—4—a
'
*
3-
tiycle & Motor Co, Ltd.—
1st
Quarterly
3-1
Canada
Co,
'
1
12'Ac It ■3-15
d.
Consolidated Water
3
3-15
3-15
Paper
5
3-
'
(q
Corp.
"
3-
1
9
3*15k
3-15
•'
Consolidated
/
3-
50c
•
1
Laundries
2-15'
"r
"
'
'.•m*
3-
50c
3-30
3-
.
v
3-/1
3r30
1-31
3-1
3-15
.
-
V
5
2-15V'
-3-23
/ 50c
)•
Gas
1
4-1
25C"
'
Utilities Corp.-
:.
1-31
4-
(inc^reas
1
3-
*
•$20C -■
ii
Consolidated
3-1
3-
-
2-5 /■■■'■
-
3-
$1'.60> "
:"
Cigar
Consolidated
3-15
>
Bakeries
■;■., 1-31.
15c
—
,;■■-.■
:,lr31
1
93a
,
,V'
3- 5
2-
56'AC
Co.—•
Corp. (quar.
Consolidated Edison Co. (N. Y.)
2-15
4-16-
...
.
Consolidated
2-11
55C
J'T'?
—
(quar.)-—
(Canada)
Consolidated' Biscuit Co.
3-15
50c
:
.
prefbrred
Consolidated
3-1
.
3-
,
(quar.)
1
3-1
'
-
(quar.)..
CO.
Power
2-11
3-1
,/
v/C'. $5c
(s-a) I.
Power
River
1-29
1
3-
Camden Forge Co. (initial)..
15c
Campbell Wyant & Cannoa Foundry
25o
Canada Bread Co, Ltd, 4'4%
pfd. (quar.) $$1.12]/a
5% 'class B (quar.):—........i'
$62yac
Canada Cement, Ltd, 6Mr% pfd. (accum.).. $$1,62ya
Canada Crushed Stone, Ltd. (quar.)
;
$10c
$1.50
$1.75
$1.50
6% 1st preferred (quar.)——
7# 2nd preferred (quar.)_.
ArfCnisou, Topeka & Santa Fe Ry, Co, com.
Atlantic Coast Line RR.___—__————.—
:
Ltd.
Connecticut
1-29
3- 4
u.
$1.75
Power Co, common (quar.)
convertible prior preterred..
California-Western/ States Life Insur. Co.—
v
,2-11
3-
10c
*
—_—■
Mills
-'
'■•:l'-15c
$1.12J/a
(quar.)_._.
5%%
.
Associated Dry Goods Corp, com. (increased)
Cotton
3-
.1. 200*.
•
-.v,
.
4-1
'60C
preferred I (quar.)
preferred (quar.)..;
Cohneciicut
t
y 3- s: .; 2-. 1
2-28
; 2-18
35c
...
Edmonton .Corp.,
&
,2-15
.2-11
.
V
8%
$1
5 25c
(quar.)
7% preferred
1
2-28
\ '10c
;.
California Elec.
2-I8
-'3-
>
$2140
$2.20
"
3-. 4
12y?c
7 121/20 '.';/■ 3-4
"" > 35c WteXi-
(increased)..
'
...
2-21
2-28
-
20c
I—
...
preferred
Calgary
2-
l*
....
.....
Water Co,
Butler
3-11
//3-.1
•••
4-
1
2-15
T
3-' I//if
75C
■
2-25
1
'
(Los Angeles) (reduced40c
& Sullivan Mining & Concen¬
Butler Brothers/ common
;
2-28
of Re*,*
3-16
>'$1.75
2-15
45c
^
2-15 v
3-30
C::3-1
A^den Farms Co,, common
—25c'
^3 participating preferred (quar.)
75c.
.Participating
—...—
,—
—
6'Ac
Argus Corp, Ltd.—
; 41/2%
coiiv. preference (initial quar.)
$$1.12»A/
Arizona Power Co, $3.75 preferred (quar.)—
993Ac
Arkansas Fuel Oil Co-.—
6%■ preferred
(quar.) —__—,—;————
15c,
Arkansas Natural Gas, 6% pfd, (quar.)—•,
15c
A?mour & Co. (111.)—
156 conv. prior preferred
(accum.)
$150 ;
Armstrong Cork Co, common (interim.),
25c
Aro Equipment Corp, 5%
preferred (quar.) , 62'Ac
Artloom
Corp,
(quar.)
*
10c
Ashland Oil & Refining, 4*A'A pfd. (quar.),
$1.06'A
2-15*
-2-25
12yac
,
(quar.)
Co..
6-22
7- 5
I.
--.sjV-'i i0c;r
Vl'V. $1
Metal,. Inc. (year-end)
Anheuser-Busch,
Inc.
(quar.)
Ampco
6-22
,
.
.:
Burlington Mills Corp, com. (increased quar.)
4% preferred (quar.)
—
Burroughs .Adding .Machine Co
Burton-Dixie Corp. > (quar. )l..
......
Biish Terminal Co. (increased)
.
75c
-■.hi; $2.25
3-
40c
62 V2C
l- 3-11
2c,|
Vl/.
Holder*-
3-15
50c
2-21
3-1
vv-
$1.25
■;;
;
Extra
■
V
.
—
(quar.)...
When
Payable
Share
Name of Company
1;
/ 3-20
1
4-
3-
=3-15
.
Incl
Hill
trating
2-28
3-15
Co.
Forge
Bullock's,
.
(s-a)
25c
20c r
(quar.)^—
Bullock Fund, Ltd,
v:2-:.8"-,:.
,
common
(quar.>
of Reo. '
f
3-15
•
Per
H older t
Payable
Share
$1.25
(quar.).
Buffalo
■
Co,
(quar.
Line Co.___.
$5 prior preferred
Machine
&
Bolt
Buffalo
3- 5*
.v4-,a ,'■•.
7% ; preferred (quar.)---—-----————v..; **75 ^ s
3- 5*
4- 2.
American Sugar Refining:■Co.—1-,—j
2- 9 t
3-1
American Tobacco, common (quar.) -—Z
2- 9
B'S-vTii:
Common, class B--,
•
'■
75c .
2- 9
3- 1
Extra on common and class B——...vI/tV 25c
3- 5
12-21 'i\
American
Type Founders.,,.
—m--50c
iv4- ly 3-15 ,V
American
Wringer Co
7 25c
Amoskeag
preferred
2-15
.
2-28
•>
$5
2-11
nyty
:
■fxyy
'
V
3-15
'
r':
Name of Company
Buckeye Pipe
Budd (E. G.),
2-18
iijj
1
2-25
v
%
8
2-21
3-30 >
preferred
(quar.)
$1.75
American Railways Corp (irreg,) >.'•«—7/*: V ®0c
American Rolling
Mill
—
^
v
25c
American Service Co., $3 pfd. participating
64c
1%
v-; v
Brunswick-Balke-Coliender Co, com.
•
2-28
3-20
VV'V;* 5
.
2-
/
2-18
$4.75j,
,
Common
'
ol Reo.
Payable
SJtar#
(quar.)'
American Public Service 7%
pid. (accum.) v. v
American Radiator & standard Sanitary-*'Phenolic
American
f When
Hoiaere
When
/■' /Vi.V-Per
■„
....
Monday, February 25, 194$
CHRONICLE
r''j
1'
H!."4
.
iVolum^^l63
THE COMMERCIAL & FINANCIAL CHRONICLE
4467~T/'
r
ret
Share
FederaL C6mpress
VV Extra
I———
3-
50c
—
Federal Light & Traction Co.—
Pavaole
25c
& Warehouse (quar.)____
rer
{yi;'ffhme of Company
if": i-i ■'
ol Ma
Heileman
1-31
1
1-31
3- 1
V-
2-16*
3-12
// 3-11
V 3-15
3-1
2-13
,i
3-15
2-13
,,
'
1
preferred A (quar.)—
4% preferred B (quar.)
Hibbard Spencer Bartlett & Co, (monthly)...
.^Monthly Li—
,
3-15
•
.
Hinde & Dauch Paper Co., $4 conv.
3-
15c
pfd....
Firestone Tire & Rubber Co.—
*
("
2-25 *
2-15
Hires
1
2-15
Holophane;
3-20
Honolulu Oil Corp.i..^..—
Hooker: Electrochemical Co.,
2-15
Horn &
$1.75
,3-30
-
i
$4
preferred
4%%
__
preferred
Fair
6%
.y/
__________
(quar.)
Inc.,
preferred
Hudson
Bay
1
Hudson
Motor
3-
.
/
4--1.
3-20
.
2-25
:
15c
4-T
4-
1
$2.75
3-
1
L—«VhV-.,-
'
3-15
.
;
3-15
.
Fort
Wayne & Jackson RR. Co.—•
5%%
preferred (s-a)
Foster-Wheeler Corp., 6% pfd. (quar.)
.6% preferred, (quar.)
6% preferred (quar.).
37V2C
(new)
Co.
Fulton Iron Works Co.,
Gabriel, :Co.
.
3-15
7-1
6-15
10-1
9-16
62 %C
62VaC
3- 4
2-15
25c
3-
1
2-18
pfd.—
non-cum.
30c
5-
1
3-15
10c
--i—-
.
3-/1
.
3-
4
3-11
2-
9
3-
1
15c
3-
1
Marshall
1
3-1
2-11
3-
1
3-
/
1
2-
7
$10c
3-30
$15c-
j
:'//2-12/;:
2-12
3-14
2- 5
Mclntyre
Mead
a
3-20
10c
—i
7Va%
3-14
2-5
3- 1
'
2-18
Common
(quar.)
..J..
....—
$15c
General American
'-4- 1 :
62VaC
Transportation (quar.)
Baking Co., $8 preferred (quar.) —
$2 /•/ 4-; 1 ' '
/'{''■
25c
43-15 4/
General Cigar Co., common (quar.)
V/7% preferred (quar.
3- 2
$1.75
3-
General
w
"
'
General Finance Corp.—
6% preferred A (s-a)—
General
$5
5-10
5-25
5-10
3-11
.2-27:
4-1
3-20
$1.75
•
•5%
4
84%c
84% c <*3<T4
75c
-
.
3-0
.
5-
$1.25
Outdoor
250
2-
.
V
4-
3-12 ':
-.
44/1000ths share of common or cashGeneral Telephone Corp., common (quar.) —
preferred
Tire. &
2-25
/ Genesee
i
Brewery
-40C
(Rochester),
Class
A
Gleaner
i Bank
•
Co.,
Corp.—
v.3-
(quar.)—
3-
'
:
$2
3-
.50o
3-15
Qoodall-Sanford, Inc. (quar.)
/>:• 37 Vac X4/3-T/4:
—-il—-:$1.25
:
(quar.)—
Textbook
Utilities
•
3-
3-1
'
4'
1
2-
3-11
5-1
4-24"
5- 1
30c
.
4-24
8-1
"30C
v
j
V
y
*
•
■1. '
*./•
745/
■
1
3-15
2-20
2
2-20
2-16
8-
Indemnity (N. Y.)~
> Quarterly
I--—\0c
Great Northern Paper Co. (quar.)
40c
Green Mountain Power, $6 pfd. (accum.)—
$r.t>9.
Greyhound Corp., common (quar.)——U-'i—<f?
*l95c
4 V* % v- preferred//(quar.)
isiai
Great American
a
:
3-
—
'
4-
3-11*
1: •'
3-11
rirnf/mion
34%C
preferred
3-
75c
v
$1.25
4-
;
1
3-25
6-25
.07 ■:/,
Automobile
.05
10- t
.10
;
.05:
.09
.06
9-25
Building
2-28
2-15
.10
2-28
2-15
.15
2-28
2-15
.05
.07
.04
.04
.08
2-28
.04
Chemical
F oo (1
—-
.11
.15
248
.02
■-
.—
Fully
Admin
.12
General
Bond
Industrial
.05
.05
2-28
.08
—
—
Machine
Institutional
2-15
.01
•
2-15
2-28
.
2-28
2-15
La
.08
2-28
2-15
.04
.08
2-28
2-15
.04
.01/
.05
2-28
2-15
.05
.03
.08
2-28
2-15
.04
.06
.10
2-28
2-15
.04
—
———————
'
.03
.07
? 2-28
Vis
"
Tobacco
.05
Utilities
:
Gulf
,05
.02
Insurance
Co.
(Dallas)
Gulf States Utilities—
-.06
2-28
.08
v':'
(quar.)
(quar.)_,
.
$1.50
,
/"•
3-15
$4.25
(M-
A.)
Co.,
preferred
Harbison-Walker
.
Common
common
(quar.)
1
2-15
3-1
2-11
3-
1
2-11
& 3-12
3- 4
(quar.)
Refractories Co.—
(quar.)
,
$1.06%
6% preferred (quar.)
Harshaw Chemical Co., common
v
3-2
$1.50
u
(quar.).,
4%%
convertible preferred
(quar.)
Hart-Carter Co., $2 conv. preferred (quar,).
Hartman Tobacco, $4 pr. preference (quar.)
,$3 non-cum. preference (quar.)———
Hathaway Bakeries, Inc.—
J
'
$7 convertible preferred (quar.)
4-20
25c
Extra
4-
75c
-3-
3-15
3-
1
1
3-15
Lincoln
2-15
3-5
$1
4-
75c
Haverty Furniture Cos., Inc., corn. (quar.)..
Hazel-Atlas
J/azeltine
Glass
Corp.,
JKecla Mining
Co.
Co.
new
I
/
:
common
,
250
.
(initial).—
........
4-
25c
•
4-
$1.25
1
3-15
25c
.25c
1
2-25
/:
3-15
4-
A .series
National
Quarterly-
-
Link-Belt
Extra
"/■
3-15*
1
:
3Vs %
4'/a %
Loblaw
each
no
par
share
5- 1
1
'National
2-
7%
6
2-
6
3-15
1
1
2-15
3-
•
4-
1
4V»%
3-
1
2-18
'
5-15
4-
8-15
7-5
11-15 / / 10"v
3-15
2-20
3-14
2-28
2-18
3-
2-
1
"
1
7c
3-12
3-2
3- 1
2-
3-
1
2- 9
25c
3-
5
2-20
50C
3-5
2-20
$1.12Va
/
...
r
2-28
40c
5%
3-
1
75C
3-
1
3-
1
,;
2-13
;
i
30c
•
11-
(quar.)
..
20c
://'
3-
30c
:
1
1
,/
2 -14
Co., common
preferred
(quar.)
1
V
5-15
8-15
2-19
2-19
_
2-15
2-26
';
-
600
3- IV"
2-15
3-30
3-13
2- 8
(quar.)
—._
(quar.)
—a_—
—
(irreg.)———i—
——
(quar.).
——————
/
Bedford
Storage Warehouse (quar.)
Hampshire Fire Insurance—
New1 York Air Brake Co.————
Co./ $5 preferred,
2-15
2- 9*
—
preferred-
—
——/
New World Life Insurance Co.—
/
3- 1
1
3-1
2-
$2 partic. Class A (accum.)—..—.—
New Amsterdam Casualty (N. Y.)
a.'_—"
New
3-15
3-
$1
3-8
—
preferred (s-a)__^_____—
New York Dock
•:
1
9-
2-6
Machinery (quar.)——.—_
Standard Co. /(quar.)—-.a.-—-.National Tea Co., :4!4 % pfd, (quar.)—i--.Common (increased)." — a.«^_a.__—ix-—
National Union Fire Insurance Co. (s-a)—_
New
2-15
3- 1
6-
2-15
Co
| 'Increased quarterly
% New Jersey Zinc Co
2-15
3-
3-15
3-15
!:
2-28
37 Ac
.
2-2
2-15
3-1
50«
—
1
2-15
6- 1
2- 7
Nestle-Le Mur Co.—
/
2-20
2-20
3-
60C
25c
(quar.)—
1
2-20
3-3
_
(s-a)
com.
Co.,_6% preferred
preferred (quar.)—-.—
Corporation —...——
Neisner Bros., Inc. (quar.)
7-26
1
3-
(quar.)
7%
10-26
3-1
...
$1.75
"
"
lc
20o
A
Nebraska Power
4-25
1
3- 9
!
—————_
Nehi
3-1
5-1
8-
30O
:
—
1
3-15
;.37VaC
(Fort
2-
2-27
'
3-1
National Rubber
2-13
75o
800
2-28
3-i
•'•irl v->/;;
4%c
.
2-15
3-16
3-15
$2
for
"
National Pole & Treating Co.—
3-1
25o
'
-
2-15
'
National
2-11
3-15
9
5-10
/
3-15
$1
National PetroleUm Corp._______—
2-22
1
6- t
3-15
$2
National Paper & Type Co.—
9
2-15
3-15
3-
$1.75
12 %c
2-
5-10
5-10
V
(quar.)
National Oats Co.
•
25c
1
1
1
i4'
Grocers Co., Ltd., common——
preference (quar.) ——x—
National Gypsum Co., $4.50 pfd. (quar.)__
National Lead Co., 7%. pfd. A (quar.)i-—
National Linen Service Corp., com* (quar.)
$7 preferred (s-a)
$5 preferred (s-a) ————————
2-20
25c
3-
66-
$31 Vac
$1.50
5
$1
$20c
50o
$$1
National
2-15
1
3-
5
25C
1
2-21
X.3-'"/4:'/
$2.25
$$1.75
Container
Quarterly
Quarterly :
'
25c
I;
1
$2
Fibers
National Electric Welding
3-21
IOC
34-
*
National Dairy Products (quar.)
National Department Stores, 6%
4
62 %c
2-22
3-
87^0
(quar.)
Corp. (Del.)
National Cylinder Gas (Del.)
(quar.).
2-15
3-
preferred
National
2-15
3-
3-15
3-15
$2.25
Utilities, Ltd.,
Automotive
National Biscuit
2-15
>
1-1-46
$1.25
2-22
■
held
4-15
25C
$$1.25
1
$1.75
6 V» %
preferred (quar.)
National Acme Co. (quar.)
,
(quar,) ———«
6
'4-
$1.75
$1.75
Nanaimo-Duncan
30c
Groceterias Ino,
8
3-
$$1.75
4.
3-15
25c
-
2-
3-27
50C
——
2-
1
2-15
$25c
(quar.)__—
(quar.)
Mining 8c Development Co.
2-11
3-
2-15
3-1
^
1
3-1
1:
3-1
2-28
'
Mortgage Co. (quar.)_—U
& Co.——————
4-
3-15
/ 2-28
?>:
3-
$1.25
1
3-
3-15
25c
X.,.
2-16
2-16
3-15
$$2.50
Loan/&
2-19
//'
$1
///25c / r 3-15
.'
common
1
25C
—
(quar.)__x_
2-16
•
rs-'i-
IVaC
Muskegon Motor Specialties Class
Muskegon Piston Ring Co.—
v
preferred (initial)
preferred A-
(irreg.)
•'
ivtW;/.",.''.a
for
1
30C
(quar.)*
——
Co.,
1
$20c
:
i.
Chemical
3-12
30c
Liquid Carbonic Corp.
3-22
1
'
—
8
$1.25
—
Co.
com.
2-16
1
3-
:____
Co.—
3-
$$1.75
/
Insurance
Tool
$1.50
$1.75
I—
Life
^
Co., $3.50 pfd.
3-
$30c
2-20
3-9
3-
—
30C
$1.50
2-20
2-20
IV
$1
—__
50c
•
2-20
i,R 2-20
1
$1.06
'/ "'$1
'
common
400
G.)
Quarterly
Lincoln Stores, Inc., common (quar.)
7%
preferred
(quar.)
2-15*
2-15
2-15
$1
V
3-22
"3-
2-
1
3-
3-
25c
8%
preferred (quar.).——
Linej Inc. $4 pfd. A (quar.)
$4 preferred B (quar.)
Murphy (G. C.) Co. (quar.)____:
Stock dividend, three shares $1 par
2-27
2-25
8
-•>'
'
Munson
2-25
2-28
8
3-
1
1
Muncie Water Works Co.—.
1-31
1
3-16
3-
4-
3-1
$1.25
$7 preferred (quar.)—
$7 preferred (quar.)
$7 preferred (quar.)
1
2-28
1
8
Mullins Manufacturing—
2-23
250
,:)l Quarterly
3- 1 i/'v" 2-23
2-25
2-15
j
37VaC
—
(quar.)...
(quar.)
$1.75
•
2-
3-
a
Machine
(quar.)
2-16
9
3- 9
$1.25
,—————
class
$1.27 Va
& Co., Ltd. (annual)
Mount Diablo Oil
1
3- 2
l'/aC
,
/ 2-15
3-
50o
3-
;;
4
3-
3'
Mother Lode Coalition Mines—
3-15
3-
3-
2-15
.■
IV
3-1
500
$1.50
$1.37 Va
,
1,
1
3-
.Preferred
(final liquidating)
Motor Wheel Corp. (quar.) ——P
'■5
2-28
1
3-15
$5c
$1.50
Savers Corp., new (initial
1_-/- :
Liggett & Myers Tobacco Co., com. (quar.).:
Common B (quar.)
Lily Tulip Cup Corp. (quar.)..
1
$1.12 Va
4-
50c
Life
.
$1.50 preferred
(quar.)
Hawaiian Pineapple Co., Ltd
87 %c
-
25c
Lexington Water Co., 7% preferred,
Liberty Fabrics of New York.—
6
\
Montreal
3-14
3-15
//
m- 45c
—
Leslie Salt Co.-.-'(quar,)—
2-14
1
(R.
/v 4- 1
20c
Shops, Ltd. (quar.)...
(initial)———,—...—
Co.
Co.,
(quar.)
S.)
Morgan (J. P.)
1-18
3- 4
4-
'/'
$1
—
(quar.)_._ /
Cottons, Ltd., common
preferred (quar.)—
7%
Leighton Industries, Inc.—
2-15
3-
25c
———————————
4
*
4-
$2
...
Montreal
4
3-
——
Inc., com. (quar.)
$4.50 convertible preferred
(quar.)
Lee (H. L>.) Co., Inc. (quar.) .a.———.
245
1
Roi
Le Tourneau
2-15
3-
250
Le
2-15
3-
3- 1
87VaO
common
1
1
3-
12»/aC
Laura Secord Candy
8
1
3-
1
$1.50
Lanett Bleachery & Dye Works—u.—.-..4..
Lanstoh Monotype Machine Co.^.———
8
2-
3-
-
3-
25c
—
(quar.)——.
Co.,
2-
3-15
25c
—
1
4-
4- 1
4-
3-
1.//3- 1
80C '
$4 preferred C (s-a)——
4-17
25o
—
1
3-
a
4
—
/. Commoq-'
Lane Bryant, Inc. (quar.)
Lane-Wells Co,
(quar.)
(J.
Monsanto
2-28
—
■
3-20
"A
(s-a),/ /
3-
—
3- 4
3-
1
2-18
1
2-18
50c
(s-a)——
5
$1.12%
France Industries, 6% pfd. (accum.) —
'
of the Woods Milling, com. (quar.)„
'Common
2-15
3-15
——
Extra
1
3-15
—
preferred
.
2-28
3-
'-
7$>
3-20
,
'
Hanna
1-31
4-T/
«
$4.45 preferred (quar.) ——
$1.10
Hajoca Corp.
62VaC
Hale Bros. Stores, Inc. (quar.)
25C
Hallnor Mines,
Ltd. (interim)
$7c
Hamilton, Cotton Co., Ltd. (quar.)..——$22%c
$22 Vac
^Hamiltoni Watch Co., common———^——
15c
1
4% conv. preferred (quar.) —
'.. -$1;
Hancock 011; (Cal.), Class A (quar.)—
50C
25c
Extra;
.
Class ? .(quar,)——
50c
Hanley (James)
2-15
2- 5 ;
—
3-
3-11
•/..
preferred A
4-
3-25
3-29
—X
preferred. B
3-15
8*
V 2-15
3-11
25C
$4.50
$1.25
7%
2-15
2-28
25c
,
5-
3-25
4- 1 •'/_.
97 %c
fy
(quar.)
$4.50
$1.25
preferred (quar.).
Lake Shore Mines, Ltd. (quar.),
Lake Superior District Power Co., common—
5%: preferred
(quar,) i.——
Lamson, & Sessions Co., common.'—
$2.50 preferred
(quar.)
Lamston (M. H.) Inc., (quar.)....
Landis Machine Co.; common.......
2-15
common
1-15
10c
Lake
2-28
Utilities
preferred
—
2-25
50C
3-
2-28
1
3-11
3- 6
.
3-30
4-
X;
—
Monroe Chemical
3-20
$1.06 Va
———
.04
Bond
35c
2-15
;
3-29
:
—„
Monarch
2-28
-$15 /
;/
.16
50c
2-15
1
35c
3-15
3- 1
$1.25
..
3-
$ 1.12 V2
,
3-30
3-1
80C
'
s
:
.08
2-15
$1.75
2,15
/; 1-28
.07
1
81 Vac
2-20
:/j 3-15
.04
2-15
3-
(quar.)__
1
15C
.08
Railroad Equipment
Railroad Stock •»——
■
2-15
2-15
2-28
*
Steel
2-15
2-28
2-28
.12
common
9
15c
.10
.11
.04
—
—————
Railroad
2-15
2-28
$1.50
$1.31 Va
3-
3-20
1
!——
Parchment
2-1.9
25c
3-
'
3-20
4-
(quar.).—
(quar.)
.04
—
Merchandising
Mining
;
2-28
,.11
'
•
.10
Petroleum
*
2-15
.13
.12
.08
.10
Priced
Low
,
.04
.04
Bond
Investing Co.
,
Co.
Vegetable
8
Brewery, Ltd. (quar.)—,
Monarch Knitting Co., Ltd., 7%
pref. (quar.)
5% preference - (auar.v^—
Monarch Life Insurance (Springfield,
-Mass.) / (s-a)
4-1
/•/
1
1
3-
Molson's
——
2-15
.
.07
.08
x
3-20
$1.25, V-
,
(Spencer) & Sons, Inc. (quar.)—„
Kentucky Utilities Co., 7% jr pfd. (quar.)—
Kern County Land Co. (irregular)
Kerr-Addison Gold Mines, Ltd. (interim)—
Keyes Fibre Co., $6 preferred (accum.).—
Kinney Coastal Oil Co
Kinney (G. R.) Co., Inc., $5 prior pfd. (quar.)
Koehring Company (initial)
Kresge Department Stores—
$4 convertible 1st preferred.^....——
Kresge (S. S.) Co..^.———
Kress <S. H.) & Co. (quar.)——
Kroger Grocery & Baking Co., com. (quar.)
6% 1st preferred (quar.)
7% 2nd preferred (quar.)..
'
Electric Equipment
4-1
50C
—-
'
——
Mitchell
$1.75
$75c
1
.2-
3-
___
—
Total
Extra
.03
Missouri
3-20
(quar.).»
Light Co.—
preferred B (quar.)„
Katz Drug Co., common—
$4.50 preferred (quar.)
Kayser * (Julius) & Co, (irreg.)
2-20
7-1
■
$1.25
Regular
^
3-1
4-1
$1.50
Kellogg
•;
3-15
$1.62%
3-
3-12
;
'
15C
;X:
3-14
1
20c
———
Common
5%
Co., com.
25c
.
$1.62 Va
Missouri-Kansas Pipe Line Co.,
Class B (irreg.)—•
2-15
Kansas City Power &
2-13
3- 1
$1.25
Kalamazoo
l'"''-
'
Aviation
.
•4
Kabie Brothers
3-31
^4-;l';v
''50c ■
;
(quar.)
Griggs Cooper & Co., common (quar.)
5% 1st preferred (quar.)-—
:
''5% 1st preferred (quar.)
5%
1st preferred
(quar.)—
Group Securities—
Class' ^ -;iu'.
Agricultural
2-15
■
3-14
;/'■//
Xi—— /
(quar.l
preferred B (quar.)
preferred C (quar.) —
4% preferred D (quar.)____Minneapolis & St. Louis Ry
2-13
:
3-14
4-
79q
$1.37 Va
(quar.)
2-18
3-29
t,
4%
'
1
,
_
^rjesedieck Western Brewery—,
nn«vnt*f<Wd
\
;
convertible
1
m 3-
—
7-25
3-1
300
iJj
5%%
3-
37VaC
,/
1
2-15
2-15
.
3-29
4%
3-11
:
3-
2-19
1
Minneapolis-Honeywell Regulator Co.—■
■/■
8
25C
$5 preferred (quar.)....—
Jantzen Knitting Mills—
5%
preferred, (quar.)
Jeannette Glass, 7% preferred (accum.)
Jewel Tea Co., Inc., common (increased)
4Vuc/o preferred, (quar.) —
Johnson & Johnson (s-a)—,
Jones & Laughlin Steel Corp., -com. (quar.)
5% preferred A (quar.)
5% ^preferred R. (quar.)
.
"
// " "'i
/
quar.)
3-
■
2-18'
30c
.Quarterly ^^»^*«—
•.-*.*■
50c
(initial
2-28
1
3-30
$1.50
:
—
Jamaica Water Supply
8
,.35c
-
:.rf,Extra■
..,i~v
2- 5
1
•2-23
1
$55 Vac
(qviar.)__——
Co.
2-15
9
25c
(quar.).^-—.4.
Reclaiming Co., $4 pfd.___
Water
1
3-
25c
(quar.)
shares
Rubber
3-
3-
1
—
preferred
2-15
3-
(quar.)
Minneapolis Gas Light, 6 % pfd.
5 Va%
preferred
(quar.)_
>
$5.10 1st; preferred (quar.)
5% preferred (quar.)
/
(increased quar.)
$6 1st preferred (quar.).—
$6.50.. preferred (quar.)
l
$7 1st preferred (quar.) —
Irving Oil Co., Ltd., 6% preferred (quar.)--
2-15
3-15
25c
(H. W.) Co
Union Go..
1
3-
61-75
■
Co.
Corp.
(qqar.)
Common
2-20
3-15
/50o
Gossard
>
2-28
1
'
ifv.
2-21
3-11
30C
/.x
•
3-
(increased)
dividend
Midwest
1
2-15
-
$1.50// /3-11
i____
3-10
.i .: 35C
(quar.)
Products,
1
3-15
3-
Corp., $3.25 partic. pfd. (quar.)
Steel
7
3-
42 Vac
'
Corp.,
3-
3-31
93 %c
Inc., common (quar.)_I
Thermit
Middlesex
3-
3-29"'
;/
$2
3-30
Co.
&
1
3-15
$1.12 %
(increased)^.—.
preferred
8%
v
Machine Corp.—
(quar.)
4-
—-x—„ '
Co.,
Midland
Iowa Public Service—■
3-29
(quar.)
1-31
.3-30
2
50C
Granitevllle Co.
2-28
2-28
•
..Intertype Corp.
arrears.
Manufacturing Co. (irreg.)
Goodyear Tire & Rubber, common
Grand
3-31
20c
preferred;-:"(quar.)'i_w^--iiww--i-.-
•
International
2-25
Co.
V.
23Ac
2-15
35c
—
// 2-13
.....
2-25
3- 1
25c
(quar,)—
Meteor Motor Car Co. (quar.)—
Metropolitan Edison, 3.90% pfd. (quar.)
Michigan Public Service Corp.
(quar.)
2-14
/
&
7%
2-14
3-1
——.
tiuar,)...
International
3-14
preferred (quar.)
Manufacturing
2-28
preferred B
Metal Textile
1 2- 4
;::$1/X
$40c
2-25
3-1/
v$5
.
2-28
International Silver
'
-
25c
Gorham
:
50c
Internalional Paper Co., common (resumed)
5% convertible preferred (quar.)...
.?
$1.25
International Power Co.,. Ltd., 7% 1st pid._ $$1.16%.
2-18
Goodman
•.
A
>
3-13*
3-1.
$2.50
(s-a)—
:
-
7;/v;Quarteriy/':U-^i:iiiiiiiii^--^----.-——
1
Globe
The above payment clears all
Steel
Tubes—;
class
shares,
Group
(initial
New
-7%
3-13*
1
A-
/Metal
3-1
International Niokel' Co., of. Canada, Ltd.—
.
2-15
3-
.
.
25c
3-15
"
4-20
'•
1/4.;
-3,20
v
3-15
'
Mines
preferred A
3-30 V
,
:
50c
2.-23
9
10c
common
6Vz %
2-11
3-12
16c /
International Cigar Machinery Corp.,
International Barvestor Co.—
.
4-20
-
40C •'/,:' .4- 1
56V4C
4- I 1
——
2nd preferred
•
30c
Globe & Rutgers Fire Insurance Co.—
5% 1st preferred (s-a)
5%
5-1
/
'
2-23
9
3-
...
preferred (quar.) —
Merritt-Chapman & Scott Corp.—
1
9-z
3-9
3-
;
V___
preferred' (quar.)
4-1
*
$1.50
*
Stock & Bond Group chares..
...
.
2-18
v-4/5i- -I./
50c
.
common—
4%%- convertible preferred
Globe-American Corp.
y
"*250
——
t
.
3-15
.
50c
$1.62%
25c
4
$1.25
:
AVa%
5V* %
4-1
$1.12V2
(accum.).
Co.____——
International Business
.
3-11
:/
25c
Harvester
Glidden
*
"
2^28
/.v.//
Gibraltar Fire & Marine Insurance Co. (s-a)
(
3-27>
Class' B
c
2-15
4-1
-
(quar.)
3-11
3-
2-15
20c
(quar.).
Quarterly
Merck
'
62%C
—
Co.—
common
A (quar.).—:
Corp., 6% pfd.
2-15
Institutional Securities—$.;•
25C
?(quar,)-i—
Rubber
Silica
Inland Steel
'/•/ '
3-1
$1.50
v
Corp.,
preferred
20C
$1.25
fls: Class B (initial)
8
p
4' V •/■
r
V
$2.50
/
3-14
3-20
4-
2-J 4
2-28
Merchants Distilling Corp. (Terra
Haute)
Merchants Si Miners Transportation Co.—-/
/ 2-18
1
3-
3-
18c
.
1
3-29
50c
12y2C
Ingersoll-Rand Co. (quar.),—
Inkograph, class A (initial)
8*
2-14
1
$4.50
v
Industrial
>
$37 Vac
.
Co,.
Cl. A com. (quar.)
Series A (quar.)—
....
Industrial-Rayon
i.
,
(quar,*
Motors
General
Products
Steel
preferred
"
•/■<"
(quar.)
Indianapolis Bond & Share Corp
5-25
^•'yX;'l-25C/
—
preferred
General
partic. preferred
Pneumatic Tool
2-14
30c
Corp., common
(quar.)—.
,
Advertising, common
.General Shareholdings Corp.—
$6 convertible preferred (accum.)
v
conv.
Indiana
Indianapolis Water Co.,
7%
preferred (quar.)
% General Mills, Inc.—
-3% % conv. .preferred
$1.50
Independent
25c
6 % preferred JB (s-a) ——
General Fireproofing Co.,
common
■
1
3-23
2-14
.__
.
4-10
(quar)...^..
Porcupine
3-21
2-28
(quar.).
Corp
Corporation.;,
$5.50
Imperial Varnish & Color Co., Ltd.—
3-8
'
2
(quar.)
$6 preferred A (quar.
;
•
Corporation
1
3-
1
4-
2Ec
McCrory Stores Corp., common. (qua"r.)___
Extra
-r,-//,
3Vt%
conv.
preferred' (initial)
McGraw-Hill Publishing Co.
(increased)
2-12
'
Garrett
2-
75c
quar.).......
preferred
(quar.)__
_.x—
May McEwan Kaiser Co. (quar.)
-
/
3-30
-2 Va %
Co.
L.)
2-16
1
$35c
$3.75
3-30
•
3%'
3-
5
3-15
$1.62 Va
May Department Stores.(new)
2-11
.
(W.
2-15
3-13
quarterly
60c
x.xiix
Gardens, Ltd. (initial)
$50o
& Co., 4'/a% pfd.
$1.06 Va
(quar,).—
Electric
Maxson
2-15
$1.50
Co.
Corp.,■ common
preferred (quar.)
4Va %
/-Master
2-15
3-
common
3-22
88c
Field
Masonite
2-14
/.■
12VaC :■/
$1.75
$1.50
Mapes Consolidated Manufacturing Co.—
8
2-
Shirt
XX; Increased
Maple Leaf
2-11
2-
1
$1.50
-
Manhattan
2-11
l
Razor,
2-
$1.50
(quar,)'.—i.—..-.i..'.-—:
preferred
1
1
3-11
20C
Mallory (P. R.) & Co., Inc...—
2-20
'<:!
3-11
37VaC
$5
X
9
.3-
/'/■:.
Imperial Tobacco of Great Britain
& Ireland, ordinary shares..
i;;; Ordinary shares
(final)
445
1
2-
9
3-
10c
'"■'/.-Preference'
4
1
/Magazine Repeating
1
2-'$
3,4-
1
$2
•
MacLaren Power 6i Paper Co. (increased)
Madison Square Garden
Corp...
.......
3-2
3-
*50c
,
—_
(initial)
6%
;.
37Vac
37%c
37 %C
(quar.)
Fruehauf Trailer
4-.1
.
2-
25c
82%c
...
Co.
Illinois Power Co., 5 % conv. pfd, (accum)
Imperial Tobacco Co. of Canada, Ltd.—Common (interim)
Common
(final)
2-20
R
■
...
,
Freeport Sulphur Co.
-■
•;
2-26 ;
90c1
....
common.^.—
1
1
2-25
3-
■.•/./■■
-Ludlow
2-15
3-
3-28
40c
Mining & Smelting Co.,
Car
1
3-15
$1.06I/4
$1.25
Ltd...
(quar.)..^.^..^-;
Humble Oil & Refining Co. (quar.)..
Hummel-Ross Fibre Corp., 6% pfd. (quar.).
Hunt Foods, Inc., 6%
preferred (quar.)___.
5% preferred (initial quar.)...
Huntington Water Corp., 6% pfd. (quar,).. /
7% preferred (quar.)...
2-25
75c
common
(quar.)__
com.
3-
3-30
3-
Co.
of Rec.
1
3-
$25c
(quar.)..!.!
&
Gas
Holdert
Pavdble
125c
_
preeirred
(increased)
When
Share
'■
-
3-12
25c
pfd. (quar.)
(quar.)....
Power
&
3-21
3-15 4
z
25c
62V2C
Light
?
30c
50c
(quar.)
5%
(N. Y.)
2-25
3-15
$1.18%
$ 1.183A
._.
(quar.)__
common
$2.50 preferred
Foremost Dairies,
(quar.).....
(increased)
Howard Stores Corp.,
514% preferred
2-18
J/i'V/;/'iV/^/V'V
quar.)—-—-i.-'
(initial
Stores,
■
Hardart
Houston
4'
3-15
-.$1
Utility—'^y
Co.
.
(quar.)
.'.•Florida Public
Food
■
E.)
Company
preferred
$4.25
v '
"
:—15c
3- 1
(quar.)
Fitz Simons & Connell Dredge & Dock Co.—
.-'/V /V.
3- 1
.V /Quarterly
/
■ 25c.
Flambeau Paper Co., 8% preferred (quar.)- '
4- 1
$1.50
Flintkote Co., common (quar.)—
3-11
15c
'V
(Chas.
50c
....
1
3-
Society; (Chicago)*-
Quarterly
zFishman (M. H.) 'Co.,- inc.—VV*
5c to $1 Stores
.:—
3-
10c
______________
Firth
First -State Pawners
Common.
.
.
$1.123/a
V4%.% preferred■ (quar.)
Carpet Co.
(initial)
/
V
Taylor, 6% 1st preferred (quar.)
Louisville & Nashville RR. (quar.)
Manufacturing & Sales Co. (quarj
Lunkenheimer Co;, 6'/a% preferred
(quar.)
/.Lyon Lumber
4-16
•
'
vWw'
--
■
Ltd., Cl. A (quar.)
(quar.)
Star
Lord
,3-19
4-26"
63c
Lone
/
2-15
; i5o
B
Co.,
:XLock Joint Pipe, 8%
2-15
1
Name of Company
Groceterias
Class-
2-15
3-29
■
Loblaw
2-28
■3'. 1
$1
r* R«o. 1/4>':>>* :v'/";> 'Nt;'/:
2-25
3^1'
y"-
$1
•:
v
'
3-15
25c
:><*
3-
-
Per
^ Fupaote
25c
—.
1073
jjo uiere
frnen
25c
.fv'w1-.4%
3-22
(quar.$1.50
; 100%
_
30o
'.Finance Co. of Amer. at Bait., cl. A (quar.)
15c
Class BJ (quar.
15c
Share
Brewing
Rubber Corp. (quar.)....
Heyden Chemical Corp., common
i
$6 'preferred
(G.)
Hewitt
,4
;
Federal Machine & Welder (stock dividend)
Federal-Mogul Corp. (quar.)
>;
Holderi
:When
—
—-—:
.New Yoik Merchandise Co., inc.-(extra)
—•
2-18
THE COMMERCIAL & FINANCIAL CHRONICLE
1074
per
v
Name
New
of Company'
'
C
5.107c
preferred
(quar.)
York Stocks, Inc.—
Automobile
Aviation
2- 8
1
v
-
v':"
.04,
2-25/7
2-25,
2-5
*08
Industry Series,—^,—
Business Equip. Industry Series——
Chemical Industry Series—
—Electrical Equip. Industry Series——
Pood Industry
Series
——^^pip-
2-25
.07
2-25
2-25
.04
2-25
Government Bonds Series—
.03
77
——
.07
Supply
.09
Equip.
Steel
Series
Industry
Investment
Diversified
Speculative
*
Includes
Newberry (J. J.)
New
(initial
profits.
Co.-—
Class
A
Class
A-
(quar.)
;
—:
(quar.)
.
..
2-
2-25
2-
2-25
2-
Amerlcan. Co.—
Quarterly,
tric
each
for
Northern
Natural
Northland
Gas
$3.7.5 preferred
7%
25c
y" '
2-20
1
2-15
2-15
3-25
,
4-1
'
—
25C
Power Co., 4%% preferred (quar.)
Ontario Manufacturing Co.
(irreg.)—
1
1
2-
'.
preierred
9
O,Aboard
Marine
vibxe
u.
Oxford
Manufacturing Co.,
2-
2-26
7 $1.75
3- 1
Increased
Panhandle
The
6-15
•*7*7 6- 8
3-1
2-20
75C
—
&
—
Pictures,
Co. (quar.)—
Inc.
2-28
4-
3-15
&
Ltd, com. (quar.)
preferred (accum.)—
———
:
!
2-23
--S/177 7
2-20
3-
3-
1
1
St,
:
4^ %
3-15
-
3-
1
2-15
3- 8
1-28
.,
.
44 1
:
3-
1
2-
2-28
preferred
I
Poor
&
&
Co.,
$1.50
>
Co,
of
Potomac Edison
7%
3-22
3- I
2-28;
3-1
3-30;
3-22
3-
9
ir>£
7 3-
2-11 7
2-11 ':;
2-'
t.f.
2-
9
Class
A
$20c
3- 1
2-i5
!
(quar./25c
3-15
2-25
7
3-
2-
partic.
preferred
1
4-10
2
3-15
Sun Oil Co.
2
3-15
3-15
2-21
3-
2-15
Sunray; Oil Corp, 4Vi% conv, pfd. (quar.)_
45c
Superior Tool fe Die Co^_—. ; Sfr
Swan-Finch Oil, 6%
preferred (quar.)™—
37J/2c
4% 2nd preferred (quar.)
710c
Swift &. co. "■ (quar.)
■ 7
^oc
1
4-
3-15
■■
6-15
(quar.)
'•
Special
Sylvania Industrial Corp.
9-15
3-15
Sylvanlte
6-15
Syracuse; Transit
10-
9-15
1
Gold
Mines
_______
1^—':
(quar.)
3-
1
2-15
2-15
.4-"Tr
'3-7$^;'
2-r;:
3- 1
25c
—™
•2-157
2-25
'
2-15'
3-5
2-2°
1
Lake
Erie
RR.
2-11
2-18
3- 8
2-21
Class
2-11
1
1
4#
3-1
3-
2-15
1
3r 1
1
3-15
3- 1
2-15'
73-10";
1
$3c
4-1
2-4
5 0c
Corp.^
3-1.
2-15 !;
2-18*
2-26
Telephone B0nd: & Share* Co.-a v
*
•
•
vw
7% 2nd^preferred (accum.)—i:——:
»
35c7 ""3-i5
; Terre Haute Water Works Corp.—
77,77.7.771^
7 7% preferred;* (quar.)„—
3- 1
..7.— 7
$$.75
.Texas :Oo.v(quar.)i—77—"
50c
747.17
Texas Giill Produclng .77—7
" 15c7
3- 9
( Texas Gull Sulphur
Co*7<quar*)7-7-,7i77--»., 7 759c7 73-157
Thermoid Company (quar.)
3-15
—I—_
' 15c
! Thompson Products, Ino;* coiftmon^i.
3rl5
.77^ ? ; 7: 2567
4% Ftreferredy (quar.)—
3-15
777———7
$1
Thomson "Electric Welding Co
;. 3-1
,50c
;! Tide: Water Associated Oil—
Zi 1
7——7!
"206
■ 7 Timken
_
30c
$1
2-26
v
Roller
Bearing
i
3-
C
5%
2-11
2-25
Co.
3- 1
2-15
2-25
4-
3-
lr——™—
$3
./
$1.751
$2.50
7/
Saw
&
7
S
ly
7:,
3-
1
25c.
4-
1
23C.
10c
*$i.i2y2
25C
2-25
$25c
2-25
$150
54-
75c
Ltd.-,
1
New
2-20
37%<j.
25c
35c
:.'-3- 1-;
3-rl ;
3-
3-
•3-15
(initial
Steel
$1.75 /
quar.)
Co; (irreg.
preferred
l.;
nh
1
Solar
2-15
v
5-1
-l •i •
(.;1
-t
>•
;
A;(new
^
,
•
eommon
15c
Corp,
1
i.:;1 J;
i
4
3-1
JH,
i
i.r :
;.
—
25c
3-20
3-15
2-25
2-20
7,2-28:
3-
-
3-
1
2- 8
3-14*
Inc.—
4-
l7%C,i
3-
1
2-19
25c
3-11
,3- 1
30c
3-21
3-11
25c
3-15
2-16*
15c
3-15
2r28
15c
3-12
3-
133/4c
5-15
5- 1
2-28<
2-15
2-25
2-15
3-20
2
3- 9
3-
1
2-
$1.25
3-
1
2-15
8- 9
3-18
.
.4
copx.
(quar.)
—
30c
$1.50
1
f
,73-20
2-15
3-2
—77-
9
Chlorine
common
for
each
(quar.)
'■
$1.25
("
7,3-78-,:
.
•3n. 5
'$1,7$
;7
'
.
3-5
2*32 «,{'T
1-15
3-rlm
$
5%
preferred
:
•
-
,7
7
3- "
"<7-
Pipe & Foundry
'Quarterly:!;
^
;7V7 Quarterly
Quarterly -■
u, S. Playing
7——
—
1' M*
■7.7-
.5
7
*
.
6-15
2-28*
5-31*
Card Co.
Potash Co,;
ID 8. Rubber Co,
7
(quar.)_r-_-___-,__
•7
•7-'
1st
,i 7 ? r
'8-31*
11.-30*
50c.
..-4-
1
$!■
■7.4-
1
50c."
commony (quar,)i,i.^.r»-
preferred (quar.)_——r—.
I: 3-11
77 7. $2
9
s
i* j
>J
-
V
1 .i
1
1
r
t r
1
.t
-
2.-18'
3-11
$2,
e
3-16':
3-16
':'";3-71
*3-15
50c
8%: 1st preferred
8%
9-2Q
12-20
40c
S.
3-20
,
6,-207
4QC.
,
Extra
U.
3-15
1
73-20,
/740c7
■
6-10
/
*
3-13
40c.
—-—'
■'
,
77';
2-15,
'4-10.
'
(quar.)
■3-15
u
■>/
2-15
$2,507
(quar.)
:3-15
\:U
4*: 17
$1.23
•
7U
17/7
$1.25.
*
t'S K'jf>
2^15,
3X i;'
fPgpH*
4*
.j/.
3- :9,
im
:;
.A
2-22
,
- - -
New Jersey RR. & Canal Co.
United
Vf S.
(quar.)
(quar.)
2"23:
..
*
1
(monthly)—50c
preferred!i!(monthly) ——-—-uj-r506
.
2-21
.
3-^9
preferred
preferred
7
25c
iquar,)
7——
$7Rc
Graphite-' Qd&77i7^'^^7j7—;-7-w7- 7 7 '
Leather*' $i non-cum, class A;—50C-
5%.
2-15
2-15
50c
(quqr.——
-
3-
1
share
—■
•
1
3-15
3- 1
3-
$1.25
25c
■
:
.
t
■
—
3-20
$1.12Vi
$1,12%
"(quar.)_
preferred
441
•'"■rise"
93 %c
50c'
"prior preferred (monthly)
53q
prior preferred (monthly)
—_
53c
7% prior preferred .(monthly)
58VaC
7% prior preferred'• (monthly).—58.y3C
United Merchants & Manufacturers, Inc.—
'
2-19
97 Vie
:
2-15
3-30
preferred: (quar.)
preferred
'6%
P.
32 Vic
3- X .*
3-15
506
6.36%
;
w(quar,) —1—n-—
luiu
1
3-11
class A preferred
6%
2-16*
v
2-25
$1.50
•
2-J.6*
$50c
"
.
7%
1
7 3-12
$$1.12 Vi
,
,
'
4,/2%
U,* S.
7:"U.: S.
United Light &*Railways-(Del)—
2-19
—
2-20
•
62%«
—
7—
United Fuel Investments;-Ltd.'—
r
2-21
•-
7
^
2-2
3-15
/<
■
(quar.)—
preferred
776%
2
75c
-; —-
•
3-3
2-
$30c
/
(quar.)
*».!,
(quar.)———7—
Co.
Lines,
Common;
:
2-28
| 2-28
$20c
*•
1
3-
2-20
1
1
3- 7
256
■
—_
held
»47777477i777«_--7_«l, 7 7:'
};;Uhited ^EtectriC'^Coal Cos?-—-7-iij-—.i—•
3-, 4:7
United Engineering 8s Foundry Co.—
2-28
13004
$1.50
;
common^:
2*15
2-18
62M.C
v/
-
6.36%
—«——
Manufacturing
3-15
Car
conv.
Vaco
%i
-
initial);
55c copy* preferred A
-;t;;
3-15
3-
50c
-
Spundview^Pulp Co., common (quar,)——
6% preferred (quar.)
—
*•••'
1
$$1.05 J/a
.
(quar.)
1
$1.20. preferred, (quar.)
Socony-Vacuum Oil Co.,: Inc
Solar Aircraft Co, <quar.)„
2-15
3-
$$1.25
(initial)-;
3.90^ preferred (initial quar.)
Skilsaw, Inc. (quar.)—
Sloss-Sheffield Steel & Iron—
*2-15
1
50c
%
(quar.)—
.
2;20
1
$1
:
:
common
v
'
Air
5%
4-10
1
IS
^-15
$65c*
;*-—
Circuit, Inc.—
(quar.)—
_i
7—
United Biscuit Co. of America, com, (quar.)
5% preferred (quar.)—
V United Chemicals*. Inc.—7
-.
? 7
;
Stock diVidend* 8/1000fh " share of West-
1-18
$$1.75
2-20
•
United Artists Theatre
2-15
'
Co.,
Aircraft Products*
5V2%
3-12
•
—
United
2-15
4-
Coal
3-
*
^
& Rubber (quar.)———
Bag, & Paper Corp.————
.777'*
Oil Co. of California, $3.75 pfd. (quar.)
7 United
2-25
1
2-25
2-|5
3- 1
7
preferred
Union Tank
2-25
3-15-
Ltd.—
Asbestos
Union
3-10
3rl5.
2-15
:*7 3-
preferred?7(quar^7———77^--—$1:37%
$1:37%'
Union
3--1
3-11,
50c
*
'
2--1
1
2-^0
mi
7
50c
58%C
! Underwood-, Corp/ (quar.)—
3-. 1
4i
—•,
1
1
10c
—
20c.
(quar.)___
5y4%.
.
Union
2-
1
2-251
4-18
41%6
41%c
—
208 South La Salle Street Corp.
Tyer Rubher Co., 8% preferred
2-11
3-
2-lUy
-
1
3-
10c
2-*i8
5
4-18
>
(quar.)——4—
7 Trane Co,, 6% preferred, (quar.)—*
v
2-21
3-11.
$20c,
—
Sioux City Gas &,Electric Oo.-^-
2-15
4-
convertible
Class
$1.50
.;
j Truax-Traer
2-21
80c
Simmons Company *
,
3-15
-
:!
4-19*
-3-
V
3" 8-.
11%%
7
—
1/
3->l
3r .1
3r^5
25fi
7
(monthly)-—
Toronto. Elevators,
4-19*
3iy4c
(quar,)
——————
& Sons,
r
3-
3-15
7
3-5
'
5-1
'
common
preferred
2-26*
250>.
"
preferred (monthly)
7%
s
Investment
Simpson's, Ltd., 4V2% preferred (quar.)
1
$1,3716*
-(quar.)r^r__'I_,
3-15
5-;i,
$31 Vic
.
6%
2-19
3-12.7
$1
;7
r7 5% preferred (monthly)—
3-15
$190
•
6
3-30
3-
25c,
$1.12 Vi
______
Simmons-Boardmanv Publishing—. •
4*11
$1.25
-
2-28
45c
ii -c—-
preferred
Simonds
2- 7
14c
's
(qUar.)
International
3-15
$t.8.7 ya
*-
(H.)
5%
2-11
2-15
.
,
!.37.4
"50%
7
—
(quar.)_
(quar.)class ' A-^.
preferred
Simon
2-,l
1
$50c
(quar.).^,"
3-
Co.
$7.50; preferred
(accum.)
Tobaccd Securities > Trust Co.; Ltd>American dep. rets. ord.
reg.
(Interim.)
7*
American dep. rets. def. reg/ (interim.)—
Toledo Edison Co.^-r
^
w
n
; 2-21
25c
B,)* Inc»
—
9 !
4- 6..
*
5%
preferred,
(quar.)————
•—
SUverwpod: Dairies, Ltd.* common (accum.) '
40c participating ^preference (s-a)—
Silverwood Western Dairies—
v
7
2-28
73-1'
-4-15
;V '75c
'
2-28
3-1:
,
Signode Steel Strapping* common- <quar.)
2-11
1
3-12
'
/V"
3-15 ;
t,7; 4^4>,v
.
2-11-
3-
1
?
3-1
3-31
20c
v
-
2-15
4-1;
(quar,)
—
B^
Class- B
; 3-1
:V":%
•Ci'.Vf.
3-9
4-
37 Vic
—
:r3- 1
1
3-31
$1.50.
(s-a)
(quar.),
pref.
3-30
25c.
3-
3-1'
50c
25C,
Shawingan Water. & Power (Increased)
Sherwin:Williams; (Canada), com, (quay.)•
7% preferred (guar,)77—
7: Sherwin-Williams Co., common (quar;)—u;—
,4% preferred (quaL)z———
^
Signal Oil ,& Gas Co.; class A—
3-12
50c
———;
A
3-12
9
:2-i4
2-28
/3-T"
300
(quar.)———
1
'Tdmpa^;
^^tloe'. *■12728;
7 Telautograph:":Cprp.777---i---^----«ri*T^ri-3- 8
2-15
1
3- 1
$1.12 W.
f
2-21
?
3-29
25c
preferred—™..
conv.
:
2-28
4-
•
4-
„
Co., 6% preferred—
—
2-15'
12 Vic
3-1
4-
:
(quar.) —i—™
Corp
(R»
Extra.
.
preferred
3-22'
1
2-28
4-
37 Vic,
Servel, Inc., $4.50 preferred (quar.)__—
Shaeffer., (W. A.); Pen Co. (quar.)
2-20
3-
'
&
•
America
3-
$1
12 Vic
5-
30c
.
25c
common
class
>4-1
2-15
Stuart
10c
'
$1.50
30C
(quar.),;;-—
7
;
$1.25
Cl^ss B. (increased)
Potash
4-15
'
25c?
7
Water
Chocolate
25c
7
(quar,)
Strawbridge <Sz Clothier, 6^ prior pid. (auar.)
$1.50
Stromberg-Carlson Co, 6'/2% pfd. (quar.)—
$1.62'/a
<D. A.) Oil CO.,- Ltd.---&£ • ^ 7;7., 7#
7"
4-15
$lOe
of pel,
Serrick. Corp,
3-22
40c<
(quar.)
(quar.)__"
Nut
5%
2-20
■
Pittsburgh'Steel, 5%% prior pfd. (accum.)
Pittsburgh.. Youngstown & Ashtabula Ryy~~
7%
preferred
(quar.)
Planter
Corp.
3-1
; :
—————-
7*
__™rT'
(Initial)—
Canadian
Semler
25c
Pittsburgh Coke & Chemical Co.—
$5
Extra
4-15
li
Furniture
10-
—
General,
preferred Class A
3-15
J3-,l
(quar.)
preferred
(quar.)J_"_'__"„
/jr™™/
Photo Engravers & Electrotypers, Ltd. (s-a)
/
2-11
4-15
20c
&
1
5-
\\i^S*V"
.
Securities
3-15
25c
Co, common
(quar.)-—"—-———
60c
(qua|.)—.
Trust, 4S» participating pref,; (quar.)-.*—
(Laura) Candy Shops (quar.)t—
1
4-
$1.50
•
————
~
.s-a,
Roebuck
Sears
1
4- 1
50c
;
common
Bessemer
5-
$$1.50
.
2-1
3- 1
15c
-J
$4
Pittsburgh
Storkline
2-10
8-31
ll-30v
12-12
40C
5%
prior preference (quar.);
Stonega Coke & Coal Co
;7
9-12
;
25c
——
"
3-15
7
:
_
Piper Aircraft,
:
76*- T "7
•
-
(D. A.) Inc.* preferred-.Scott Paper, common (q]ttar.)————.
.1
$4.50 preferred- (quarj—
——,
$4 preferred (quar,) ——_7—_7——,
Scythes; & Co, Ltd, common (quar.)_5%
preferred
(quar.)—
2-16
$1
$x
$1.50
;
Corp.,,
Inc.;
3^5
25c
—
:
—.i.^.
$1.75
Schulte
4-10
1
$1
(quar.)
(quar.)
(quar.)™
Mills,
Common-.—
Sterling Drug, Inc. (quar,).
Stokely-Van Camp, Inc.—
$1.75
Bridge Do± -Xtd——
Company (stock * dividend)
■Schiff
2-28
5-10
$1.25
preferred—
^-"Phillips-' Petrbletim Co. (quar.)„
Pillsbury
•
^.
*
Joseph Water Co, 6% preferred
Gold Mines,"Ltd^-
Increased
Sarnla
2-28
;
3-15
$1.75
Company
preferred
1
$1.75
San Antonio
7;'
2-20
3-
(quar.).
Philadelphia Suburban Transportation Co.
6%
3-» 8
7
".3- 2
6-12
3-
$1.75
.
$6 preferred
(quar.)__^_
Philadelphia Electric Co, com.
Philco i'Corp."-
3-
I
3- '1
•7 3-12
50C
Secord
Co, 67j prefeired (quar.)
7
Brewing Co._
Phelps-Dodge Corp. (quar.)
7
Philadelphia Co., 5% preferred (s-a)
1
2-11
25c
St,
Second
——————
Philadelphia Suburban
3-'l
1
25c
^
2-13
$1.10
(quar.)—
preference^
.4
1-
ly/'. 3- 8
2-25
$1.75.
&. Manistee Lumber Co!————
Joseph Lead Co.
(quar.)
Seaboard. Oil
Pfeiffer
$1
8
Common;———-——
; Common;7—-i——
2
2-25
'
•
Pfaudler
$5 preferred
11-
7 7
33%%
Perkins .Machine & Gear Co.—
Mulliken
1
3-
3-10
4tf-5
50c
,
—
Peoples: Telephone, Corp,
Pettibone
4-
60c
:«r
2-ii
$2
10c
—
—
Inc.
:■"'
•
50C
2-25.!
8
25c 7
Co,-
preferred (quar.)
Peoples Gas Light & Coke Co.
Paul,
3-30
•
31%c
Stoker-
4-15
$lc
\
———
$5
Peter
2-28
4-15
25c
;
New. common
—
preferred
Permutit (The)
3-15
-
-
toe:
250
Corp.—
$7 preferred "{quar.)——
Pennsylvania Water & Power, com.
7%
2-11
25c
• -
'
te*
2-15
3-11
93%C
-
•7;7'/*' :l
1
3-15
25c
common
•
2- *6
50c
Saginaw
$1,37%
:;■■
$$1
$$1.75
I.
1^
?
(quar,)^..,^,.
$1
Corp., vtcu.
■; Extras-
8—1
2
'
Pennsylvania State Water
1.
7: 4-
$1.75
(quar.
2-13
_w:
Company—;
Common (quar.)————
Pennsylvania Electric Co.— n
A
•>
4.407o preferred B (quar.)
Pennsylvania Exchange Bank (N. Y.)—
;
'
2-28
3-29
1
Peninsular Telephone
Stock, dividend.;
2-18
•3»".t;
2-25
3-
37y2c
—
Wilcox
1-31
^7
50d!
7
...
——
preferred' (quar.)
1
Paymaster Consolidated Mimes, Ltd.—
Stow
40c
18%c
50c
(quar.)—
Paton Manufacturing Co.,
Peck
3-20
(quar.)—7—,7;;,^.;: 50c
7 Tilo Roofing
7Cq„ 'Inc.—7.7—7-7«7——
;!,456v,
JTitle Gua*ranty;Co. (Sah Francisco)—... ' 4'
*,
320
(s-a)
Proof' Co.,,
Peerless Cement
-
$1.75
Saco-Lowell Shops (quar.)
3-15
3-14
•
Parkersburg Rig & Reel, common$5.505 preferred (quar.)
Peabody Coal Co, 6%
4-
1
4-
25c
——
3-
4- 5
•
—
;
4-.30
4-
;
Standard Wholesale Phosphate & Acid Works
Sterchi Bros. Stores* Inc., common________'
4-
.
$1.12%
Works, Inc.—
—-.1—.
Roos
Brothers,7 Inc. (quar.)——s.——.7
Roxy Theatre, Inc.*,$1.50 pfd, (quar,)—
Rubinstein. (HelenaL class .A (quar.)
"—4-,
Rupper^7(Jacob) Co, comnmn™.————«
4V2%: preferred (quar^ —r»,
Russell VManuf acturing7Co; J.————
40c
$1
of Venezuela
Interim.
Oil
$1.75
2-18
1
62%c
-
>
•
Parker .pep
"Extra-
Rust
5-
3-25
Increased quar,
Line., common
—:
is now on a quarterly divi¬
"
3-
Transport Co.—
Paramount
Parker
1
9- 3
12-
•. /
30c
Ronson Art Metal
preferred-.,(quar.)
Pantepec Oil Co.
2-15
3-
6-
'
3-
3-15
3-;$
3-
40c
77
^Standard
6-
,
—
75c
Pipe
.common,
share——;
2-21
,
,
5%
,
■!
2-15
3-15
50c
2-12
4-
—_
Holland Paper Co, Ltd.* 6^ pfd7
Romec Pump Co.___
5
3-15
.
-----
—
dend basis,
5-25
—„
Petroleum
East.
2-19
5-31
(Ohio)
$1.1$ a share in
formerly bearing
rate and $1.07 in respect of each.
$2.50
1——
(quarf)t'a
Machinery Corp
Pan-American
2-26
40c
Co.
preferred (initial)
respect of each share
the 6%
3-
40c
$$1.25
2-12
37 %c
——
4%
2-15
'40c
———
Mills
Package
7%
>•
5
36y4C
$1.12 Vi
t$1.25
3-1
$40c 7'
-
——
2-18
(quar.).
common
iquar.)
preferred, (s-a),
Pacific
4%
2-25
25c
(accum.)—,—
'
—
2-20
2r24
'
3-a>
$25C
(quar.).
4-
4-15
50o
4_
3%%
preferred A (quar.)_™
Standard. Paving- & Materials* Ltd;-—
(
Partio. conV. preferred^^w-i^
-
2nd preferred (quar.)
7% 2nd preferred (quar.)—;—
7
77, 2nd preferred (quar.).——
Rochester Gas & Electric. Corp.—
1
3-6
$1
(quar.)—'
(Detroit)— 1
7
3-15
;
7%
25c
Standard
3-15
2-15
—
2-19
1
(Indiana)
7
...
2-28
5-
—4——4
——;—
Co.
1
$406
-$400
$7 preferred
Standard Oil of California
Standard Oil
1
30c
2-20
$$1.25
7
4-
13 %C
common
3-rl
3-12
Standard Fruit 3? Steamship Corp.—
2-25
3-
10c
Manufacturing Co.,
preferred (quar.)
4\6%
•
Common
b'/o
Rheem
2-19
2-19
7'
(quar.).
2-21
7
i
4-" i s; ■;
.
$1.12%
(quar.)
1
3-15
4—
$1.60'convertible preierred (quar.)
Standard, Forging® Corpr (quar,)^_^
.
;
$1.75
_____
Texas
3-
$I.12V2
Standard Dredging Corp;
1
1
3-14
h
3-144
3-15
•
$1415
,
—
Rice-Stix-Dry Goods Co.^
3-30
3-20
50c
5%.
of
$1.37'/i
'
.
Insurance
.5;
2-15
771-317;
$1.37'/2
(quar.)---
Manufacturing Co.
Accident
>
10c
•-
7
1
2-20
3-1
—
"
*
Co.
E.)
Standard-Coosa-Thatclier
2-23
9
4-
50c
'
(quar.)
2-19
1
3-
3-
4 150;
;
.(quar.) .U~——
3-20
Manufacturing.,———
$5 preferred
350,
$400
4-1
; 7; 5-
20c.
isrush .Ccu^—
Paper.
Pacolet
7
&
3-
**•
,
4-11
'I
3-
250
—
-
8-15
2-15*
^.;^-v!v,/
4r15,
.
45c
•
5-45
'77 3-*4.
350
4
2-15
2-15
'
(quar.)__._.—
conamon
3-
—
quar.)————
.
3-1
3-15
506
$15c
—
(quar.)_
7
7 2-25
$35c
—
(quar.),
3-15
dividend
Insurance
Extra,:"
.
50c
;
conn
3-15
•' '.;•=?
7% 1st preferred (quar.)—_____——
7% 1st preferred (quar.)
7"/o 1st-preferred (quar.)—_1 i.—
/
(s-a)
rjlevator
5 %
Inc.,
3-1
15c
%
preferred Class B- (quar.)—„___i..
Copper & Brass, Tine.—
.
. h
7' 5V«^preferred (quar.)..———4-. $1731%;
Reymer St Brothers, Inc.————*
121/20
7
2-
Rand,
3-15 >;"
.
(Dallas)
$1.60'! conv. preferred (quar.)—
:|Standard"C3iemicaJL Co.* Ltd.; 5% pfd.
5% preferred 7quar.)—
2-28
100
(quar.)*.;;..,
Stock
3-15
■
37% 6
-
_—
preferred
non-cum,
,3- .1,7
25c
,
3-20
'7 2-15
JV'V
Quarterly '4£4-i-—7-4i
444.—-7-^-4-44.*
,-Standard Brands, Inc.* common (quar.J'44*:
$4,50; preferred s (quar.)—^__——4.
Standard Cap «fe Seal Corp.—
3- 8
2-18
40C
6%
1-25
3-
1
7'
Revere
2-26
3-
2-5
4-
$1.25
(A.
Standard
3-28
1
Staley
.2-28
3-
Republic Investors Fund, Inc.—
7
6% preferred. Class A.(quar.)-..
1
4-..1
3-15
4-18
256
■
$1.50
70c conv. pref.
Co,, common
preierred (quarj,—
Heat. & Power,
3-
$1.75
Ohio
67c
3- 5
3-15
2-28
*
Insurance Co.
New, common (initial)—
$4 preferred '(quar.)———.
2-28.
3-29
12 %C
preferred
non-cum.
Republic
8
61.12 y2,
Ogilvie Flour Mills, common 7(quar.)
77c preferred (quar.)——.
—:
Otis
3-15
15C
3-29
...
4-19
•4
V 9-167
15C
_
V
h
2-20
'5-15.
$1.25,
Co. (reduced)
-Spiegel; Inc., $4.50 conv. pfd.
Squibb .(E. R.) & Sons—
2-15
—
Motors,
Inc—
Republic Drill & Tool Co.— 55c conv. preferred (irreg.)—:
2-20
15c
7.
:
Ottawa, Light
3-15
2-15
2-15
$1:25
<quav.)4—
Line
Spear & Co, $5.50 1st preferred (quar.)
'?■ $5.50 2nd preferred
(quar.)-444——'
2-15
-
3-15
■;:'2%c-
;Reo
2-20
-
-
3-15
.7
2-12
3-15
•
30c
on"
(quar.
Ltd.,
3-1
15c
<
Oak Manuiacturing Co
Cruch,
2-
3-15;
$1,$8?A.
—
$4.50' preferred
■
3-15
1
3-11;
$$1.50
(quar.)—.—-/•••
Corp.; common (irreg.)
60c1preferrea (quar;)—
preferred-
Oahu Sugar Co7
2-15
4-
15c
P
Pipe
Sovereign Investors,
2-15
3-15
(quar.)
(quar,)wi^.-7Li
7
2-19
3-
2-15
;
7
Hosiery Mills,.Inc., common.....
prior preferred An (quar.)
preferred (quar.)
Remington
2rl9
1
3- 1
:/
1,'
$1.75
common
Corp.
preferred
Common. (increased
$1.75
preferred
2-14
-..t,
3-15
7t20c
Quarterly
—4
—4—4;
Southwestern Public Service-
1
$1;25-
$1.60
3-21
3-1
$1.75
$1.50
r
$4.75
:
71
7;/;; $2 ;,■■;
■.P
;
$1.60i:non-cum. preferred.
i
Rubber Go.,
&
;
Silk
$1.60
5%
Southwestern Life
2-15
3-. 1
50c
Regent . Knitting Mills* commoix^i-.;_.w-*.
$1.60? non-cum, preferred;* (quar.)
2-16
'
87y2c
Tire
Industries
Reed-Prentice
!
Nu-Enamel
-
9
93%C
93%C
Inc.—
preferred (quar.),—————
Norwich Pharmacal Co. (quar.)
Nova Scotia Light & Power Co., Ltd/
Orange
4
3-
1
2-15
3-.
$1.25
Rayonier, Inc., $2 preferred (quar.).
Reading Co, 4% 1st preferred (quar.).—
2-4
77c
:
3-
3-
25c
'V
3-1
3-11
common
.•./•
2-13
?$ 3- 1
-
60C
(quar.)
preferred- (quar.)
preferred : (quar.)
6%
Norwalk
2-13
7%
(increased)
Lines,
77
(quar.)
8% : preferred.; (q.uar.)^.^«_«.—;
Rapid Electrotype
(quar.).
^—.7—...
5%
—
(monthly)
(quar.)..
;
(quar.).
7 Extra;
Rath Packing Co.—;.'
Public Service
Northwestern
'/
.•
2-28
2-15
4-1;
3-
256
Rand's 7 (Pittsburgh)
ai-1
v!; 650-7;
Gas—
Greyhound
8-1
3-11
1
3-rl
506
.$1.25
Quaker State Oil Refining (quar.)!
3- 9
1 $1,
2-15
—
5-1
3- 9
7/7 $1
2-15
.58%
5-15
8-10
2-^8
■
Indiana* Inc.---
3-~6
v,2"14
3-15
2-2T
1
:'
r-'JV
37
.
Sdtfthern
4-1
8-14
5
3-
prior preferred (quar.)7.—-L——„
Pure Oil Co, common—
5% convertible preferred (quar,)..
' *•
Purity Pakeries Corp. (quar.) .-4......
*
11-15
8
4-
1
$5
3- 7
—-
Insurance Co. (quar.)
Northeastern Water Co., $4 prior pfd. (quar.)
$2 preferred
(s-a)
i
Liberties
2-13
3rf 1
2:■
Puget Sound Power & Light Co.-—"
3-16
4-
North
—
North River
Northern
1
3-1
8
'ijii
50c
Edison Co, Ltd;—
•
"
(quar.)—___Powerr com;. (quar,).—444*
.
r;-7 2-18
4-15
--47-4'
4
vf Ree.
/2-15'•'*!
'2-28
7:
6 % partic. preferred (quar.) 4———-—-4'
f$i.50,; :7 4-15
7'Southern. Greyhound Lines; (increaseaiCi^i: tiC 40C 3-1-46
; Southern; Natural;.Gas■ Co.'
1—4—4-3-12
3iy*c : '
-Southern Railway Co, common (quar,)—-fc750 7 '73-15:;
5% preferred; (quar.)—151.25.
3rJL5
8 %». preferred (quar.)r__—
4^-—— T.
6rl5
$L25i,
2-18
3-
preferred -<quar.).^—
preferred (quar.)..^.^!....,
$5
Real
shares
100
common
preferred
3-
•
•
41%c
Public Service Electric & Gas Co,—
Pacific Gas & Elec¬
share
one
common
American
87f
-
-•»
».
preferred
preferred
1
$20o
.
(quar.)_-__
pjeferred,B
Southern Canada
// 2-19
$1.50
(quar.)
7%
5
& Western Railway Co. (quar.)
Extra-"———^._P—— -u—i,——$3
North American Car Corp.
(quar.)
.p7'. 30c
Norfolk
North
6%
5
-,
(s-a)
Public Service Corp. of N. J, $5 pfd.
7
5
$25c
50c
50c
50c
$50c
$$1
$2.50
(quar.)
Niagara Lower Arch Bridge Co., Ltd.
Noranda
Mines, Ltd.
(interim)
2-25
7 * 25c
40c
50c
84c
(quar.)—
A
5
•
'
class
5
Publicker
t
Corp.,
5
2-
■
Corp.
Hundred
2-
5preferred
r
2-19
1
3-
$50/
(monthly)
7;:; CommotL (quar.)
5
2-5
2-25
*
Co.
preferred
6%
Holitre
777;7\7
Southern California
-
.
3-
S-'.L. ;7i
$1.25
6% preferred (accum.)
of '.Colorado-?-: a ,7.„
of
3-15
■
75c
■
,
3-20
.77, 45c;
(irreg.) —4444—.
Southern Advance Bag & Paper—
*;""
3-20
■7 OCi'li'-'V;
(month}y)»«...^....^.«
(monthly-..-;..^..
Public Service Co,
7%
(quar.)
Newport News Shipbuilding & Dry Dock Co.
Niagara Share Corp., 4y2% conv. pfd—
Niagara Wire Weaving (quar.)—
Nineteen
5
2-
preferred
preferred
preferred
7%
5
2-
2-
.04
quar.)—
Electric
Newport
27
2-25
.20*
,-—
Shares.——-
securities
from
.05
6%
.10
,_
Fund
Diversified
5%
.05
—
Series
5
2-5
'•■•-2-25 V..
.09
Transport
/
4-15
$800,'.
:
.
;
Public Electric Light,
2-25
.06
Provincial
4-15
i
$2.50'.
(quar.)-.
common
7$3 preferredt (quar.)^.
Proprietary Mines,
Ltd„
Prosperity Co, Inc., 5% preferred.,, (quar.)..
,
5
2-25
:';*
Series—
Inc.,
Public Service Co;
2-
'
2-25
7 /t
——,
——
Industry
Industry
Tobacco
2-15
When
>*ij
■
Shared; Payable
South Bend [Lathe* Works
$2
$$1.50*
PeT
Name of Company
2-15 i;
3- 1
7
•'7,$75®':';7
(quar.)
Prentice-Hall,
2-5
\ 2-25
.04
Industry Series—,i——1—,—
Utility. Series—..—.
——
Series
:
Of Reo.
3-, 1
$1.50'
-
2-5
*
2-25
.07
Public
Railroad
7
5
2r-5
,7
2-25
2-25
.08
—-——
2-
2-25
7
7777.087
Machinery Industry Series—
Merchandising Series w———————
Series
,
.10
Stock Series—,———————
Railroad
Hoiaerttt
Payable
$1.37 y2t;
,
■■,2->-5
.05
Series———
.
Oil
Wbe»x
Shore
•
(quar )
Monday, February 25, 1946
r
Pratt Food Co.
2? 5
Metals
pfd.
6
772- 5;
•;'2-25
*
.047
Insurance
>f,
%
6%
,
2-5
2-25 7
.06
Beries
:—
Series——,,,—,—
2-
Building
Company
Corp of rCanada, ..Ltd.—7.,.-,
1st, .preferred (quar.)
;
% non-cum; partic. pfd. (quar.;)..—*
Powell f River
Co,
Ltd,,. ord... ..reg^..fcH-w:
2-5.
.06,
2-25 7
Stock
Bank
Name of
Potomac Electric Power*
6%
preferred r ( quar.)_;
>•'
Power
;
Industry
Industry
3-
$1.27 ya:.,.
/
Dist.
&
;;;
Payably-: of Reo,
Share
Industry Series—i—
Industry Series,-,--,—
Agricultural
Alcohol
••
Electric & Gas Corp.—
York State
New
Hoiaere
when
•
1
-*
i
2-18
5-20
»
tv
&
Volume 163
4467"-'
Number
""
"
•
THE COMMERCIAL ^ FINANCIAL
%
When
P>'!
Name ottornvanv '
Ufiited States Steel Corp., common*.
Uhlted
Shoe
Machinery .(extra)
XJhiversat insurance
Share
,
Universal
Match
Universal
(quar.)„
,
prior preferred (quar.)______
prior preferred (quar.
Common (quar.)
™-™_^p_
Valley Mould & Iron Corp.> common,
$5.50 priol preferred (quar.)
4-
;
vrn
7-
1..
62'/2C
Works
Co.
Vtek
7
$i.37Vi
$1.37%
Virginian Railway—
:6%- preferred: (quar.)
6% preferred (quar.)
___
2-20
preferred
Wacker
Wells
;V■■ Extra
Waite
3-
2
2-15
?
5c
13'Ac
sylvtenia*
2-15,
3-
*
Petroleum
.5% preferred
3-16
2-16
2-16
and
2-
3-12
3-18
3-15
?
3-15
"•
3-15
50c
(quar.)
'
2-15
■
■.*■'•
3-
1
50c
Corp._____.___>
3-
1
2-15
3-1
2-15
20c
3-
2-15*
$9
(quar.)
$1.25
(quar.)
,—.
;v 5%
preferred (semi-annual)___~
Washington Water Power, $6 pfd. (quar.)„
Waukesha Motor Co.
(quar.)
;
Wayne Pump Co; (quar.)
Wellington Fire Insurance Co. (s-a)
1
2-28
1
$1.25
6-
1
$2.50
6-
1
.44-
50c
1
$1.75
-
3-1;
3-19
8-15
8-12
3-
1
2-14
3-
1
2-14
v
10c
—-
5c
>
(quar.)
.
12V2C
2-28
3-
1
2-15
preferred
conv.
43 %c
Western
Auto
3-
1
2-15
50c
Western
(quar.)
3-
1
any
other
held
now
is
functions.
J
2-15
2-11
2-28
.
3-20
3-15
2-28
25c
2-11
3-11
-
Products
Wheeling
&
Whitaker
Paper Co.
Lake
last
Ry; tquar.iV
(increased quar.»___™
by
fiscal
$6
(quar.)
Products
Wilson
&
Co..
Common
$4.25
4%%
4-
1
4-
1
3-
1
3-
1
[ Woodward
(quer.5_™
(F.
Ordinary
Ordinary
v3-18
$1.06"A
4-
1
3- 1
,/
$1.12'/2
3-15
3-30
No.
2-28
pid.
(initial)
31 'Ac
40c
1
3-
2-21
3-
1
2-9
Is 9d
3-
7
1-31
3-
7
1-31
...
Ltd.—
37 %C
3-15
$1.12%
Wright-Hargreaves Mines, Ltd. (quar.)
Wrigley (Win.) Jr.,.Co. (monthly).™
(Rudolph)
3_
1
25c
4-
1
20c
t
3-
Coal
&
Coke
i
3-
3-15
25c
.„
; 3-11
Common
to
.x Less ;30%
Jamaica income tax.
i
•'
"
^
v
^Transfer bpoks not closed fof thia dividend*
•
r
'tPayable in. XI., 8.; funds, less 15% C&hadtod ^noh^teSldenci'
JPayable
re«1rient.
in
*ax
Canadian
lS'Z.»
funds,
resident
740,661
;
tax
deductible
tax.
Less
q
the
at
British
tat;
,
i
.
of
14,593
.
General
126,665
94,661
;
$33,071
v
-
•
(Continued from
will require
an
*
*
*
pag^ 1036) i
UNDERWRITERS-r-Tha
,
V
,..
of
names ■:
t
,
"$2,000,0(10 during;
and
{
.
.
;
the principal- Underwriters and
has severally. agreed to purchase
.
the number
are
as
(
of
shares
which
follows:
^
each
!
j
1
Shares
-
crated
.
•;
,
-
'
,
,,
Shares';;
8,400
Merrill,, Turben & Co._™__
1,200
G. Becker & Co., Inc— ;2,000
Maynard H.^Murch & Co.™ .1,200
Blyth.& Co., Inci.-™-*—■_
4,400•( ...Paine, Webber* Jackson &';
•
•
Alex. Brown &. Sons™-™. "1,200
Curtis
1
1,200
The First Boston Corp.—
5,200
Riter & Cor—
>1,600r
Graham, Parsons & Cq.™__ 1,600L. F. Rothschild & Co*>_*_
/l,200i
Hayden, Stone & Co.______
1,200
Shields & Co
4,000
Hemphill, Noyes & Co.v-r-.:; 2,800 ;
Stein-Bros. & Boyce
,1,200
Hornblower
Weeks__y._—
1,200
Tucker; Anthony & Co.l™_ ,2,400,
W. B;Huttort *K;Co^'_i.>i '2,800;
G. H.; Walker & Co.™_—_
2,800:
$185,076
v
will
company
be
4,400 ' Dean, Witter & Co
2,400 ;;„Yarnair& Co;-™™™-™™
Laurence
3,400..,;
M.'.fMarks
Co.«
f
^
*500,000 shs.
$1)
Outstanding
300,000 shs.
65,000 8lis>
(par
to
to
certain
1,600,
The
1,600
the
of
various
proceeds
$61,462
-
.
.
163,
be
used
and
of
.
op-
will; be
,
.
retire^ the
officers and;
to
to
the
reimburse
installation
modernizing, certaip
of the underwriters
.
stores^
and the respective
"No. of shs.
-
36,000
,
18,000
•■•
12,000
12,000
'
.
•
-
follows;:
Warrants
Month of November—
'
™_;„
Maintenance
■
^
_™_™™_j._
.
^
of plant
income
_-_™>;™
$4,376,406
Virginia Dare.- Stores Corp.
Stock Offered—"Public,
offering was made Feb. 18 of 90,000 additional shares
;_>™_™____
:
57,764
*
.Other t^xes.,_»_-™™™^™-_a__™,_™™.™___™.
share, by Newburger
Hanp,^Kobbe; Gearhart & Co.> Ihc.; and Dv. Gleich &
Co..
^•
,
.,
Proceeds
,
from
•'
the
Net
Other
.
.
operating
Income
Balance
Interest
Special
'
'
sale
per
>V-
will-be; used, for retirement
of the preferred-
sjtock of • subsidiary companies;not owned'by officers and
employees,
and to reimburse the* company's treasury for the
purchase of .new:
.
revenues
^
Net
•
<
fiscal
excess
year
ended Dec.
31,
>
profits
.
..
exps., incl.
advertising-
14,500,957
*
Common
preferred
5V2%
dividends
on
Earnings per
$3,190,217.
\:
22,633
$3,493,334
695,C
1,220,4
,.
$1,122,650
831,376
;™__™
stock__™™„„____
preferred
stock
$1.07
refund
of
CONSOLIDATED
BALANCE SHEETS
Dec. 29,
approx.
*45 Dec. 30;'44
$3,412,312
$4,422,316
2,161,573
2,029,503
944,970 X
939,738
mkt._
Accounts
receivable
Inventories at cost—
♦Investments at cost
of
Nil
$135,600* ;
ASSETS—
Cash In banks and on hand—
U. S. Govt, secur. at cost, which
Post-war refund
$1,300,28a.
1,023,232
83,813
107,847
share ™™™_
coramon:
♦After post-war
277,652
{. 671,000
Hrl*286,OpO
™-™___i._^™_™
$7
on
$3,310,580
•176,754
87,934-
tax->—
.
969,800
.600,491:
$2,999,697
190,520
property ■ and plant items™™™* y,
profits
*
817,957
.
_____*_™™™__™i._™
Net ' income
37,982,48213,304,679
825.547
expenses
interest -on debs, from date of issue Oct;
1,1945
Normal Fed.?income tax and surtax (est.)
Excess
Ended
Dec. 30, '44
41,103,678
income
on sale of
•
-
$60,247,836 $56,174,032
—
administrative
I /Total: profit
Loss
53 Weeks
:'
Dec. 29, '45
i.--.—™™™^-,-™-;™™™™;.:™™™.;.:
and
.
ACCCOUNT
profit from operations
Other
3,590,692
-<
2,523,150-
79,952
Fed.
excess
tax.—I
profits
130,690
164,614;
______
(Property and plant, at cost——
charges —_*
Intangible assets
9,650,639
Deferred
_™_™_™_i™i
end
amortization_>>»__-_„_
charges
(Including
Total
9,437,644
140,085-
188,720
2
57,764'
Cr99,621:
255,920
; Cr79,707
,343,697;
$1,620,283
Drl25,276
J)rl?5,278
:
/
LIABILITIES—
^
PpPPPjf
$1,508,138
113,136
—„_______„™_
Employees'
savings for U. S.
war
{Estimated
Federal
excess
Accrued
taxes
inc.
on debentures—
pfd. stock payable Jan. 1,
011
TV/rifti*-'ci
§5'/2%
did-
5Vz%
pfd.
cumul.
B
'
*
1946
,x>
'
'
no
common
83,813
7,157
6,333,825
-
7,157
($50 par)
12,790,400
par
stock,
($100 par)
(82,975 shares)
no
6,395,200
%
surplus
82,979:
'4m imi/Um-m «*. '■ i
(500,000 shs.)
par
100-
Common stock $1 par™-—___™™__™_-
Capital
45,044
83,575
265,699
87,934
,
—
"**
du^Oct""!,"'1970'TsubortU)!
stock
$1,485,162
105,027
.58,704
"271,056
pfd. stock
Class A stock,
Class
'
;
30,683
taxes
________
.
-•'''
25-yr. deW
cumul.
purch._
prof,
l—_—
Accrued; Interest,
$7
and
bond
719~457
3,71ft442?
4,283,476
—
tIEarned surplus
.87,647
Total
1,251,797
$19,980,225 $19,^36,378
stock, an unconsolidated
•Including The British Arkady Co., Ltd.
subsidiary 58.6% owned—$38,702.
(After reserve for depreciation of
$19,445,018 in 1945 and $19,279,278 in 1944.
{After-deducting; U. S.
tax1 saving notes of $2,300,000 in 1945 and $2,100,000 in 1944. *
[
§ After deducting $61,375 in Treasury.
IfBalance at Dec. 29,
1945,
accumulated since Sept. 15, 1945.—-V. 162, p. 2992.-
uo
■
1
West Viffinla Water Service Co.-^-Ta
The
directors
have
Split: Stock—
called,
:
a
special meeting Of stockholders for
their proposal to Increase the company's out¬
standing- common stock from 110.000 shares to 220,000 shares.
It is;
proposed' to- issue one additional shai*? for each onev now
held.
—V. 162, p. 2689.
'
r
Is .
' ■
'
'
March-15 to
act
.
upon
y JDr4,005
-
J
$19,980,225 $19,836,373
—
Accounts payable
Salesmen's guaranty deposits__>_
340,010
-323,026
$1,246,094
:
Net income
1944.
„
(net)__™>>_*i»i_L_ii™________™
:;:;AAfteri-extraordmary'
in
the
1,771,331
233,436
acquisition adjustments--
taxes
194*
$3,465,331
1,521.461
250,274
.Depreciation;^—__™_u_>_i._>->_-™>_™__™_™"
Amortization
•Federal
'
1945
revenue?
*
($1 par)- common stock at $5
General
6.0DO
36.000
p. ,469.
6perating
"The
comprising
52 Weeks
Depreciation
Div.
will
company's treasury for the cost of
completion
the * fixtures and equipment
names
stores
price in each instance
,
net
^Operation
;
managers
purchase
.Virgima;EIectric & Power
Ca.—Earnings—
t
stockholders at a speeial meeting held! on fteb, 18 voted
approval^
a
plan to. increase the authorized capital stock hy the addition of
100,000 shares bf cumulative preferred stock; par value $100'per-share. *'
-••v. 163, r. 69?.^
all
persons,
company.
Newburger & Hano
Hobbe, Gearhart 6s Co., Inc.
U Gleicjh Co. _™™_™_™_™™>i™_™™™™>,
of
^
sold
by the
v
Weeks
-
per. warrant share.
—V.
52
Net sale?
Cost of 'goods:■ sold
Cost of deliv. and sell,
65,000 shs.
stk.
common
of
an
and
Dividends
number or shares-and warrants to be
purchased by each are, as
.
!
Capitalization Increased—
the
PPWPp
1
follows:
as
1948
,
.
Kidder, Peabod^ & Co;_i—
C:;Langiay & CO.™—™,
for
,
.
1
.-new'commonr-stock, to
Sidney M.
Netzorg, in
of
the
capital stock of certain corporations,
the
foregoing
and
the
present
financing the
the
re¬
taxes,
were
$3,079,650,
and after such
were
$1,122,650.
On Sept.
26, 1945, the company readjusted
capital structure, consequently earnings are not
strictly comparable
with those for the preceding fiscal
year.
^117,396,
$1207373.
in
pro '
taxes
"
UNDERWRITERS—The
.
..
*
of
*
A.
(1944—$2,363,981) less than the
resulting from such sale. * :
(1944—$2,363,981) pro rata amount of tax
Net profits for; last year after all
charges, including? interest ' for
the last quarter on debentures issued Oct.
1, 1945, but before Federal
to
PURPOSE—Of
•the
$1.28
-
in prior years is $214,907
reduction in Federal taxes
'
•preferred^ stock; of subsidiary companies not owned
by
•employees. ' The balance of such proceeds will be used
-
■
f
Dillon, Read & Co., Inc.__
,W.
:l'0c.
;
>
J
$3,763,266.
equivalent to resulting reduction in Federal taxes on income, f
$284,893 (1944—$3,133,822) representing pro rata amount of
on
sale of transportation
property which because of write¬
10,311
issue 65,000
warrants* each warrant entitling the
purchase, at $5 per share, on or before 2
p.m. EST,
Dec; 31; 1948; one share of common stock"
($1 par).
will- be
expenditure.of/between' $1,500^000
the netx two.or ihree
years.;
-
1
$4,112,899
Ended>
93,.904
-
company
Investment News
-
"J"
"
all-time high of $60,247,836, an increase of
$4,073,804;
over
sales for the 53 weeks ended Dec.
30,
1944, according to thai
annual: teport to stockholders issued Feb. 8
by Paris R* Russell, /
Chairman of the board,
:
5,361
$211,301
Of the 65,000
warrants, -30,000 warrants are being sold
by the
to the underwriters at 10c per warrant share.
Of the re¬
maining 35,000*warrants, ; 20,000 warrants wiU be sold to
Sidney M.;
Netzorg; President; 2,000 warrants will be sold to
Ralph < Applebaum,
Vice-President; 2,000 warrants will be sold to Chester
Korn, VicePresident; 2.000 warrants will be sold to Ida
Tonk, Secretary; 2,000
.warrants wiU be sold to George M.
Jaffin, General Counsel; 2,000
warrants will he sold to Harry Schneider, a
director; and 500 warrants
Corporation and
$5,068,149
1,304,882 -'
1,447,355
"!
$1.40
CONSOLIDATED INCOME
$215,032
*
holder thereof to
on
$5,560,254
?
shares
authorized
was;
•
its
~
•-»«
V
Ward Baking Co.-~Annual
Report—
$27,709
.
^^WARRANTS^Byfaetiem^bf' the directors/6ii^^fi^l0^1.946rcb
Hoe
source.
tnrore*
'
r
.
•
;
"■
are expected to be
employed throughout their normal life and to not
replace existing facilities.
/■ P
liAnd excluding the $214,907
(1944—$2,363,981) tax reduction result¬
ing from sale of transportation property in excess of book loss in
1944.
—V. 163, p. 949.
;
authorized bommon stock, 65.000 shares ere
reserved for
issuance upon exercise of the warrants
plus such indeterminate number
of additional shares.;. as> may=be*^reouired to cover •
possible adjustments
of
the purchase
price and number of shares purchaseable under
the warrants.
,
't\ '
stock_„___™„„
common
the
*Of
)
charges
include, in addition to the $214,907
(1944—$2,363,981) referred to
above, amounts which result from deductions, in excess of depreciation ;
at usual rates, allowable for tax
purposes as amortization of emer-:.
gency facilities but not recognized in the accounts since such facilities '
588,426
$196,901.
V; 14,400
and
purchase
31,
3- 4
.
'§
$200,438
$311,741
incl.
of
to
Dec.
'
•
are
income
814,049
$285,095
26,646
-
stock,,
Warrants
1
'
»
loss
Dividends
2-3a
25-
1,366,298
duction resulting from sale of
transportation property, in excess
related book loss in 1944.
§In Federal taxes on income which are
not offset by special
1942
Authorized
2-15
50c ■3-ia
(quar.)™
.
emergency facilities™—
requirements—
{Including $214,907
1,323,951
•'
effect
capitalization
6,434,447
" 3,735,328
•
of
"C'
W- /')'
downs
■rata
3-20
:
$8,798,428
9,295,582
(1944—$2,363,981)
reduction
extraordinary reductions of $6,580,005 in 1945 and $8,781,013
(2)
book
$1,940,087
1,980,655
"
for
Giving
2-20
-
Youngstown Steel
Zeigler
$2,918,218
2,147,487
taxes
shares
exchange
3-1
Youngstowiv Sheet at Tube- Co; (qii$r))
Door
and
12
;
12
12
: i2
CAPITALI2LATION—Prior to Dec. 27, 1945, the
company was author¬
to. issue; 100 shares .of
capital stock (no parly all of which were
issued and outstanding.
Sidney M. Netzorg, President, Treasurer and
a
director, was. the owner of - all of the
outstanding stock. On Dec.
27, 1945, bv amendment to the company's certificate of incorporation,
the authorized - capitals stock was increased
to 500,000
shares
(par
$1);( and the( previously .outstanding; 1Q0 shares, converted into: 1,000
shares of the new common stock. On the same < date, by resolution *
of the board of directors, the
company authorized the issuance- of
2-21
1
>
1945, reached
'above operations
209,000
1
3-15
25c
Co.__™„„__
3-
4-
{5c
'Monthlyy_™™™____________™___ _______
which
-
3-1
;
V
$1.12%
Wurlitzer
-
.
:
_jL_i.___.__
'v
♦After
,
!
tax
'
t(l)
Of $2,344,877 (1944—$1,916,912)
representing pro rata amount
of those portions of
premiums and expenses on redemption of bonds
of the
name
V. 1943
910,632
inc.
stores
$214,907
of
amortiz.
'x*$
Applicable to
gen.
income
of
$14,858,508 $16,264,25fr
2,718,249
2,415,094
2,629,770
5,050,734
>>____
$9,510,489
excl.
ized
2-15
3- 7
.
25c'
™_
>
(duar.)
Fed.
™1
—
;
>___>
Per share, based on
2,938,425 shares™
included
are
$3,161,975
____-
profits
$15,071,810 $16,229,151
J5r213,302
35,105
income
income
from
"
company
2,236,629
profit-
'v"
Net
Worthington Pump & Machinery—
'Common
for
lllll
charges
Preferred dividend
^
pre- :;
1944
.profit
,■
2-28
{50c
,™_
(quar.)____
(quar.
& Co.,
the
™>™__:
■
tiEarnings before giving effect to tax reduction
expense.
expenses
net
excess
.2- 8
_
sell.,
income
Prov.
*
'}
3-18
6d
W.)
and
Total
-
•
V.-.-2-15;
.
Ltd.
Co,>____
(final)
bonus
of
'
quar.)
Woolworth (ft; W,);
Wool worth
Other
2-28
$1.50
30c
Inc., 5%
Governor
employees
___j.™_™___-_™_
§Extraordinary reductions
corporations
$3,432,357
operating
3-20
:>
"
20c
(initial
Industries,
-Net
"
Manufacturing Co.,
and
the
A
sales
& adm.
2-11
3-11
75c;;
(resumed)
preferred
Woods
subsidiary
*■
prorata amount
SUMMARY .OF EARNINGS YEARB ENDED OCT. 31
'
house
2-11
75c
*
(quar.)„_
preferred
Wisconsin Power & Lighter
Woodall
pfd.
officers
and
year
Cost of goods sold
Distribution and ware¬
2-15;
I'
3-
$1.50
,
.
•JNet
Net
'
i.
$42,346,237 $43,607,356
16,654,410
17,178,785
3,092,386
3,333,145 5
2,947,500
3,221,082
693,168
498,804
577,814
0352,947
3,309,146
3,499,334
—™_
Balance
tSpecial
qompriny;-Approximately 10%
2-25
3-1
35c
Manufacturing Cp._____.
Williarasport Water Co.,
Willson
(quar.» ;___™
Erie
Wilkcs-Barre Lake
These
revenues
Interest and amortization
the
on
1945,
not
company; but at its own
Net
4-lV.
$1.25
._
Electric
Chlorine
for
through
$328,306;
:
operating revenues™—™
(net)"™_
Sales
Corp., common____„
25c
7%/partlc. preferred_l_
=
25c
Weston' Electrtc Instrument™™™.
v* 40c
Weston 1 (George) Ltd.;; 4%% pfd)
(quar.).., {$1.12%
Westvaco
lease
1945
Stationery Corp.—
'5% preferred' (quar.)
Westinghouse Air Brake Co
Westinghouse
A
requisite bookkeeping and clerical work involved, in the
r
-
■
the
2-19
(quar.),™!,
Texas.
related
Income
12 MOS. END. NOV. 30
Other Income
Detroit* Mich., which store will be sub¬
now in operation, has
already been executed.';-
Tablet &
Supply Co.
and
of
excess
on
facilities:
emergency
taxes
Net
'*
service charge, varying from
3J/2% to 7%, depending
upon the length of time over which
payments are extended, is charged
to the customer and
payable to the finance company which does the
2-14
$1
preferred (quar.)
West Michigan Steel
Foundry Co.—
perform
the customer.
Snowdrift—
convertible
-!
in
as
part of the cash sales
of the total sales at the stores
was made on a credit or installment
plan effective in all but three
of t£e. Atoree. A finance company which is not affiliated witlv the
company purchases all installment
accounts without recourse.
Pay¬
ment': for "thefull amount of the sale less a
charge of 3 Vs» % is made
by the finance company within two weeks after the installment
account: is - assigned; and that concern
collects the Installments from
5-15
1
Carolina
of
COMPARATIVE INCOME STATEMENT,
Other
,
is
stock
of the
2-23
25C
Engln^ei^lngi
&
South
store
others.^ The
for
5-15
3-15
1940,'
purchase, the company, as a matter
policy, makes a full refund of the amount
paid, upon request.
Sales: of this character: were
approximately 13 % of the total sales,
2-15
$1.50
_™__
Manufacturing Co.
Island,
new
in
Federal taxes
in
Amortization of plant acquisition
adjustments™
♦Federal taxes on income
of
2-15
3-
>
28,
property,
^
amortization
Depreciation
v"
"'Approximately 90% of the sales at the stores are on a cash basis.
Company operates a "lay-away" plan which enables customers to
select
merchandise, place a small deposit which assures retention of the
item, and within a designated time the customers are
required to
^make final cash payment and take delivery of the article. If the
"customer does not complete the
8
2-12
V
Jan.
transportation
Operation
outstanding preferred stock in the subsidiary
corpo¬
owned by officers and
employees will be retired
upon the completion of this financing;
96C
._
™___™~__
Wesson
a
rations which
2- 8:
.
3-15
75c J*.
;
8
> 2-
In 'Delaware
of
of
Maintenance
derived
wholly owned .by the company except for certain shares of
are
2-15
{$1
'
Wentworth
of
or
ferred
3-8
$185,077,
•.-..••
leases
stores
3-15
$25e
;
of
for
Operating
Y;£:
its !
12 retail stores
selling women's
wearing apparel
such
as
dresses,
fur
furs and fur coats, suits,
skirts, blouses;
9
3-15
$1
__
income
and
Cty;-from which > place >r':
managed and where it buys, inspects, warehouses
and
ships all: merchandise to the stores.
Company directly operates the
New York office, while the storea are
operated by separate subsidiary'
corporations.
Other subsidiary corporations hold the
9
40c
-_™_™.:.»™»_™™
prelerred
Rhode
the business
4-10
4-1
v
corporation
(The i company's main--office is- in
(New-York
3-10
1
chain
a
price
stantially larger than
3-10
4-20
{15c
the
the
operation
50c
(interim)™
1945,
sale
1944.
1944, $123,957.
^
stores
in
the
chain'"sell millinery and one
millinery department.- The stores are located in
Massachusetts, Missouri, Nebraska, Ohio,
Oklahoma, Penn-'
Alabama,
•
of
allowance-
leased
a
7-15 '
3-20
•
111
(quar.)™,™*.;;*
<quar.)™___™_;:____&_>i_-
(initial)
Two
has
4-15
3-
$1.50
Washington Railway & Electric Co.,. common
,$1.75
2-18
...
3-15
•
15o
common
preferred
Oil
store
3-15
I3y40
31,
BUSINESS—Organized
operates
and
articles.
2-15
1
8-
$1.75
Warren ,Northern) Corp., $3
pfd.
Warren
(S. D.)- Co., common™
.$4
2-11
1
5-
formerly V
VV:: Vv
Oct.
107S
NOTE—Extraordinary reductions
corporation, 'P.
*
'
&
Worts, Ltd.—
V™™___,___;_™__™__>__
pp Extra
v
3-; 1
'
Yofk
from
book loss in
accessories.
'
(quar.)
(quar.)™
Mills
(quar.)
Wellman
3-
$1
37%C
_______
$1 preferred
5%
£
1:V
3-2
\
The
popular
the stores
New
a
resulting
.
Delaware
cloth coats,
sweaters, lingerie of various types, hosiery,
sportswear, beachwear and
In all but two
stores, ladies' handbags and gloves are
sold
under a consignment
arrangement with the supplier of these
v
50c
(II.) Gooderham
-Common - (quar. )
Warren
2-14
371/2 c
Mines, Ltd.
preferred
$4.50
IV
trimmed
3-11
3-
&
now
misses'
60C
Walker
v;
2-25
3-20
-
.__™_„__
Bldg.v(s-a)_™__
Amulet
Wamsutta
3- 8.»
-
50C
•_>>>
Walgreen Co,,
.4%
Ltd.
,
25c
(quar;)™
Cotton,
and
•
.
•7%
corporation
506
Visklng Corp.i class A (monthly)-.,**..*™:;™.,
Claps B (monthly)
VOgt Manlifadturing Corp. (quar.
Vulcan Detinning
Co., common
Wabasso
COMPANY
2-25
2-20
(quar.) „_„__™™™__
Virginia Coal & iron Co. (quar.)
of
some
stores.
■'v.HVV..-..;,-.
in
The
reported a consolidated net
sales amounting to $3,432,358.
net
company's
present organization is
operating
recently signed lease will add a new store
stores handle women's and
misses' popular
A
year' ended
fiscal
from
1
Co,
the
6-20
10-
"
Mich.J
the
incorporated
9-20
,
3-
50C
,
Chemical
".For
3-
,-
stores.
subsidiaries
3-
(quar.)„_™„__
Vanadium-Alloys(Steel (reduced)
Syndicate; Inc.™
Detroit;
subsidiary.
a
12
3-21
$1
(increased)
Venezuela
10- 1
now
of
of
some
was
pt JVS*
CHRONICLE ;
corporate purposes.
Corporation
1940, to take over operation of
by Virginia Dare Stores, Inc.;
...price"-wearing'.apparel,
1
50o
J
Vatt;;Norrftan Company (quar;>-__JC--^il.u«
Inc.
1
Stores
26,
total
a
in
V 2- 4
4-
62Y20
__™____,._™
Co.,
2-28
$1.25
62V2C
,62'/ato
-
Dare
operated
which is
1
3-
Jan.
on
(:
2-28
3-
;
3-11
150
>
preferred
.5%
Raalte
3-15
3-14
62V2C
.5%
Van
5
50c
.
Iron
2-
Virginia
8
40c
V
>>'/• prior preferred
Van Dorn
2-
;:3-r :■• V 2-15
250
._™
Utah-Idaho Sugar Co. (animal)
Utica Knitting Co., 5% class A
9
2-28
62»/2C
C0._„™™__™_.__™™_
Laboratories, $2.50 pfd.
3-
equipment and the modernization of
The balance will be used for general
of Reo.
Payable
,
$1
Corp,,
Universal-Products
Holdert
$1,120,816
$1,616,277
1«4.«42
2.34.639
f
P Willson Products,; Inc.-^-To; Issue
Additional Stock-—
The
to
"
.459,158
company has filed
issue additional shares
application
an
with
the
SEC for authority
stock.
If the application is
ap¬
contemplated..
'<;;
company has begun erecting a five-storv addition
to its plant
Reading, Pa., to cost $500,000.*
The addition will .increase
proved,
a
20%
stock
of
common
dividend
is
The
$728,648'V t922,480
at
-reductionsJ pf 4>525,'634 '1ft 1945!; and B798.022
$214,907 pro rata amount of tax reduction,
V.
duction
facilities
162, p. 2065.
30%,
Thomas
pro¬
A.
Willson,
president,
announced.—
:
Bros. Pictures,
Warner
Dec, 1, !45
'
J 13 Weeks Ended— ;
FlSeslnetc rentS.'_-°S_
Amortlz. of. film, costs—
6,941,994
.
6,568,841
.
charges, $89,127; total, $6,802,681,
..
20,302,210
80Hff
15,936,256^
income
$9,797,692
of
——
$8,458,335
$7,617,315
$8,089,044
" 971,477
♦250,632
1,040,035
1,144,934
489,801
579,025
depreciation
&
tAmort
property
Interest
.
—
expense
in affil.
Invest,
._*•
income
exch. loss and
exchange adjust., net
1,078
3,524
Crl,817
.
300,780
$7,229,279
$6,183,905
Loss
4,450,000
profit
$4,367,362
—
share—
com.
per
$2,368,565
$0.63
$0.52
i;.......
•Total hicome-
$3,825,000, after credit for debt retire- ;
refund $236,000. tOther than amounts in -
credit
!
ASSETS—Cash, $22,837,688; United States
Government bonds, at cost
accounts
$8,103,000;
banks,
to
payable
1 LIABILITIES—Notes
-
'
Total surplus—————
pay¬
Transfer to
Earned surplus at Dec. 31,
stock),
$133,941;
(par
Cash
•
Years Ended Nov. 30—:
dross profit from
Refundable
1944
1943
$2,546,897
$2,605,575
207,534
221,041
Patents
1,084,487
$251,277
credits.
Ocher income
$1,195,186
charges
Income
,
Notes
$1,305,397
.
$1,248,915
Net inc.,
'
I
■
before
prov;
Excess
Canada
of
1
Net
lie!—
—d.
income
Dividends
-
$269,390
579,223
—
1
Earns, per sh. on 289,658
ASSETS—Cash,
Dominion
Canada
of
of
reserves
taxes
for
—•
United States
•8,027,168
——
—
1944
the
—
.
——
L
2—
Arkansas
:
of
W.
taxes
3
:
————
304,650 '
6,083
632,509
669.
———————————
—.
;
,
Mexico '.
North. Carolina
—
Oklahoma
■:•;
South Carolina
.
Tennessee—'.
:
—
—
Texas
Virginia, !
——.
•Includes
counted
bales
132,737
iff' the
•:
—
126.805
97,777
Annual
making
has
been
This
&
13,238
—
•
-
1,070,346
,
r./-
,
total
33
was
for
of
The-statistics
in this
declared
mail.
to Dec. 13 is
,
the
on
ordinary
(common)
V.
:
"
-
;
•
*'
19,094
at
1944.
as
-.
V
'-v,
DEC. 31
1945
1944
(at cost)_i
2,044,165
....
453
:
■:
■.■
.
•;
;
13,331,108
2,044.165
35,773
interest
U.
.
J.
and
A.
-J—2
E-1944-.——
1—
...
Canadian
•
25.00
JJ-®1
.
-
' 989
-
177.
62,
'
Export-^
hast
a
$3,060,000 • credit to
Turkey for the purchase of aiiri
port
equipment in the United
States, it disclosed on Jan. 15 ac¬
cording to Associated Press ad¬
vices from Washington on that
date, which added:
"Richard Johnson, Public Rela¬
26.93
420,
.
$1,021,
. .
.$3,518
Total
Series
Series FandG:
;
A-E—.-
——
aU
•Includes
the
;
;
25.61
$127
268
241
138
.»■ ■..
the
' '■' •"*"""' .f'-.' ■
' i « > " ~*»-j
[
—
5;
G-1945
(12 mo.)——
——
•' :
'f
>
$14,770
,
,.
♦
18
.
- ;
discount.
(Current
.
.b»
-
$48,224
*-$All
bonds
,
debt.
''unclassified sales."
$82
§Includes
•
.
.
millions
.;
in recent
United
Turkey
The
a
reports
press
These reports said
States
would
grant
loan of $4,250,000 at 4%,
credit
tually
for
Turkey
or
three-way
was
ac¬
transaction,
involving the Westinghouse Elec¬
Johnson
5.36
I?;0*
a
tric International
-
ference
„
tnis
included in the monthly statement
reported - on public debt statement as
matured and consequently are not now
public
to
__
„
8.35
8.48
7.22
3.7b
'
3,056-
L ' $791' f $13,979
$59,604
$11,380 >
redemption values.
series—.—.
accrued
;
3,162
3,339
3,674
3,074
...
!.
23.62
,
M
■•'■
$1,394
2,895
3,099
3,536
.
it.\ The interest rate is
from Ankara.
' 23.42
$34,245
$10,589
$1,521
0
•
not announced
Turkey has not yet
was
apparently was the% one re¬
ferred
16.37
,
on
said
Bank,
made available on
"Mr. Johnson said the $3,060,000
credit
—$129
$129
••
.
$44,834
-
Total Series F and G_———
Total
:
—
v.:
Series F and G-1944—
series have
15.00 ■ '
23.87,
27.94
■
-I—"
•.
Series F and G-1943
and
.
$30,855
Series F and G-1941
Series F
4,908
7,636 : :
: 8,278
.
.
drawn
the
for
was
at that time.,
22.49
;
'$1,207
$213r
1,539
2,960
3,194
Officer
Sept^ ll, but
15.18
12.33
,
.
tions
■
the credit
441
$9,439
——
194,792
29,879,926 f.
The
331
—$40,295
A-E
31,820,300
Airport Credits to Turkey
extended
.,,494!
803 :
,
87,827
'C ,v;!
taxes..——
13,470,203
1,766,809
43,533
depreciation
fAmount Amount
Outstdg.
Issued,
$41
83.92
! 1.532
Unclassified Redemptions:
;•;
,
§9,360
Total Series E
Series
•
(12 mo.)...
*
-
for
reserve
necessarily add to totals)
6,447.
10,596
12,472 "v
•.
X
NOTE—The:statement includes net current assets of the Canadian
as follows:
1945, $8,906,703; 1944, $8,275,869, and other
assets of that subsidiary as follows;
1945, $10,402,226; 1944^
$9,371,087.
Earned surplus includes undistributed stx^lus of foreign subsidiaries
as follows:
1945, $41,130,871; 1944, $39;512,320.—V, 163, p. 949,
$1,420..
...
E-1942I-:!.::!—. "
E-1943^
194,792
debentures
on
S.
net
,
'
'
286.553.12t r •'
subsidiary
r
1,166
-
1,766,803
—.
*
for
""After
' 132
:'977>'.,";;:--;;174_^„
.626:
^
*
«
W. Woolworth
payable, (merchandise; in,;transit)—!.^
payments i
Total
*Amount
560
E-1945
.
of
..-"v
and $5,542,512 in 1944.
in 1945 and $16,798,718
Redeemed'
S214
122
J40
——
Series
366,698
688,786
V
BALANCE SHEET,
!
L——! 296,740,081 286,553,121
of buildings of $5,922,257 in 1943
tAfter reserve for depreciation of $17,959,383
in 1944,
fAfter amortization for year of'
$4,536,776 in 1945 and $5,082,681 in 1944.
1
:v
Issued
Series
474,338
2,657,166
'
:•';
\
15-year 2Sinking fund debentures, due 1953
17,000,000 17,000.003
Purchase money mortgages—4,999,187
4,944,594
Reserves for foreign exchange losses
30,801
30,801 '
Reserves for employees' eiek benefits.——...— ;
100,000
100,009
Capital stock (par $10 per share)—
—
97,500,000 97,500,000
Earned surplus —
129,683,955 $121,622,453
shares payable
,
E-1941.—...^.
Series
/ Series
93,347
605,811
i
■■
Savings Bonds Issued and Redeemed
Through December 31, 1945
D-lfly):
Series
285.
The revised total of cotton ginned this season prior
operation
at the end of
Total Series A-D.-.U-——$4,539
:
1,770,458
,
t-
Accounts payable and accruals—
Reserve
Series D-1941—503
1,984
individual returns of the ginners being trans¬
*
•
v," 92.3$--;
1
Accrued
in part:
says
in
than
Series D-1940.!—
•
report include 3,928 bales of American-
7,731,232 bales.
1045
stores
less
C-1938-—..———
BerJea
708,029
377.R53 >
98,465
23,905 >
"
'
.'•••,•. j
^' 296,740,081
Accounts
$7,362,284
.
(
'5
fAfter postwar4
lirst-ln-first-out basis,
Total"
•
Mortgage
137,543
1,751,884
Series D-1937
:: Series
ginning of round bales has been discontinued since 1941. *. The statistics for 1945 in this report are subject to revision when
mitted by
1,311,321
A-1935——$255
tseries
Egyptian for 1945, 7,429 for 1944, and 52,550 for 1943; also included
are 10 bales of Sea-island for 1945, 14 for 1944, and 333 for 1943.
The
checked against the
800,000
year
1971
Series F and G-1942
■
the
stores
Series A-D:
:
i'.
10,778
;
bales of the crop of 1945 ginned prior to Aug. 1 which was
for the season of 1944-45, compared with 48,182 and 107,053
1944 and 1943.
r .
\
™
,
on
844,024
.
supply
of the crops of
.
,
6O0TOOO
(Dollar amounts in millions—rounded and will not
291,754
14,131
;
3,038
••
2~00~000
125,000
Co.,
U. S.
929,227
-•
!
397,293 -ff-660,068
270,390
' 567,365
618,307
802,545
346,845
T;: -:,
502,425
1,724,712
,
2,409,644
sales computed
liaii.!
LIABILITIES—
129,375
:
of plants.—
Report
grand
a
the year.
101,285
y
1,754,688
•
"
' f;
.•
10,511
'
of
ordinary shares of F.
Ltd., England——
Mortgages receivable
w
•Amount
583,425'.'-- **
-
493,760
-
786,556
1 '
•■:1 :
•
& Co.,
171,025
.
Woolworth
1943
10,933,095
10,098
/' 1,365,066-
>.
Missouri—.
New
,
,
Kentucky———-—*—*!———^
4,926Louisiana
;
■&;> 371,819
Mississippi
-
1" i -1
ir
.
u——1——-v...
applicable to 1945 income was £3,154,293; also an additional
of £1,000,000 against future taxation.
A dividend of 2 shillings-
pence
\
1,238,144
220,527
~j
NOTE—'This statement includes undistributed earnings of the Cana*
subsidiary converted into U. S. dollars at the official rate4 of
cents for
1945 and
90.09 cents for
1944
as
follows:
1945,
$1,650,649: 1944, $1,530,067.
;
:
•,..
reserve
104,478
.
,«*«, - v
■
2,001,831
Ltd., England, the British company, in
which this company owns a majority stock interest of 52.7 Cc, reported
net income of £7,249,447 for the year 1945 before provision, for taxes.
This compared with £5,869,645 for the
preceding year.
Reserve for
960,372
'
.
762,796
California——...
Florida.
Georgia
Illinois
r
98.152
:4__
(net)
Series B-1936,
Arizona
"
-——..^2—.
-
Consolidated
end
F.
11,114,107
' U 885,191
Alabama
15,525;77i
.V
to surplus
$2,500,000
4
$2,019,386
2,500,000
(Counting round as half bales and excluding linters)
*'v
$7,362(284:
-
.for renegot.
,
Crop Prior lo Jan. 16
1945
1
.
.Jo'm
61,609
■
$7,516,385
($2
cotton ginned from the growth of 1945 prior to Jan. 16, 1946, and
comparative statistics to the corresponding date in 1944 and 1943.
\
"
RIINNDSTG BALES ,
^
;
—
res
post-war reconversion
report issued on Jan. 23, compiled from the individ¬
ual returns of the ginners, shows as follows the number of bales of
r
rvv
12,200,000
'S"\Z
"
■Goodwill
The Census
-
1
,
14,200,000 >'
—
549,821
■
' $7,516,385
income. (est.)
on
stock
subsidiary,
$589,436;
state—
-
12,550
the
$1,550,000; U. S. Treasury 3ctc bonds, $3,485:
bonds, $45,250; accounts receivable
Cotton Ginned from 1945
,
30,879,630 30,879,633
i.—1,071,500;. 1,080,501
Other securities (cost after reserve)....
f
93,093
98,049
Majority interest
in F. W. Woolworth Co.*
V
'
G.m.b.H., Germany
1
1
•Real estate and buildings—i.—29,715,918
28,815,197
:;S'tFurniture.' and fixtures
35,600,589 38,007,171
^Equipment (after amortization)!*—
/
1,116,070 - 1,060,657
fLeaseholds and alterations..41,750,750
45,540,427
Other assets U
3,612,419
6,030,185
company, a New York corporation,
operated 1,818 stores in
United States of America, 8 in Cuba and also 145 stores in the
Dominion of Canada through F. W. Woolworth Co., Ltd., a Canadian
$0.93
Victory Loan
$71,930),
18,400,000
49,219,113;
22,819,113
' <x*'
'(
Merchandise in transit
,
824,720
preferred stock—
The
termination claims arising in
connection with cancellation of war contracts, $392,752;
inventories
(after
reserve
for possible obsolescence and decline in value
of
$71,737), $1,660,922; anticipated refunds of Federal income and excess
(after
; •;
-
'53,694,077 ; 55,195,428
Government bonds and tax savings notes.,—.,> 45,090,563
28,924,865
Receivables
—i.—
^2,654,084
1,169,382
Merchandise inventories (valued at cost)
49,417,220 47,984.823
This
BALANCE SHEET NOV. 30', 1945 . .
$1,087,377; U. S. Treasury certificates of indebted¬
and Treasury notes,
ness
•
k
/y'"':r: S
F. W. Woolworth Co.—Annual Report—
$809,660
, 579,213
,
'
rr...
53,487,269
Cash '———;^
100,358
197,801
;
Total
$2.60
$2.80
'••Includes depreciation,
1945, $10,237; 1944, $10,250; 1943, $9,999,
tRefund of excess profits taxes paid for fiscal years 1943 and 1942.
-
com. shs
$753,057
579,218 d
„
,
-
(Including Canadian Subsidiary)
551,713
1,377,653
(net)__————
-
goodwill
—V. 163, p. 234.
16,126
Special' adjustments, Jnet)——
^
!
Majority
:
102,791
insurance.—_
Earned surplus
7,272
taxes^——
109,473
<,.>• *
ASSETS—
1,910,669
12,827
life
Mortgages payable on properties acquired (net)
563,423
53,100
tCr40,844
taxes-*!——-—.—,
profits
Dominion
' r:
V. S. A. and Canadian taxes
"
,'■<
'
200,700
997,301
of
value
payable—"V" Loan./!
payable, accruals and
Reserve
5&>
$1,433,456
471,809
99,124
—
1K V \
CONSOLIDATED
1,280,512
Code—.:
;
Federal
199,286
$1,184,022;
$384,640
:
883,430
818,499
—_
i.—
for -Fed.
income- taxes;
•
carryback pro¬
^
Common
..Normal ■ and surtax—
Revenue
Accounts
$1,632,741
64,893
.
*!'
dian
LIABILITIES—
53,729 1.: * 327,344
133,363
$384,640
income
'Gross
=
reserves.—
Total
—js
451,090-
263,671
211,822
———
credit of $540,000 in: 1945 and $1,830,000 in 1944.
102,589
215,691
1,130,670
———
■■
15,525,772
Earnings' per-share-—*——.^,————————:; •„,•• f $2,43
$2,783,204
134,890
Pi-operty, plant-and equipment
1,031,000
facilities
3,101,223 '
•
.
,442,903;
.
Dividends
.
$1,904,160
i
——
Deferred charges,
Selling, special engineering, general
and administrative expenc.es
and, fixtures^mw—.^^>3,066,419
income transferred
Net
31,'45 Aug. 31/45
Dec.
—
less
Internal
surrender
Purchased
•
operations.;
on
Federal taxes under
visions of
Depreciation of buildings and equip¬
ment and amortization of special
Profit- from
and
receivable
Accounts
inventories
1945
.
hand
on
"
■Other-'assets.
$1,489,811
.
sales.
'
'
11,500,000
'\l
Vf,
185,000
Claims for contract termination
$5),
r
Wayne Pump Co.- -Annual Statement-
i
f
'3,181/774
331,003»
.
23,587,269
>
BALANCE SHEET
,.
Marketable securities
Cash
;
'
$1,311,321
:
r
deposit
ASSETS—
$34,344,668; '
earned surplus,
$57,451,472;
total, $188,468,880.^. 163, p, 357.
surplus,
capital
$19,006,723;
stock,
$298,196;. capital
935,332
£
sStProyision for excess profits, taxes—Provision for income and capital stock taxes—
200,000
1945
CONSOLIDATED
equity,'
and
dividends
surplus—accrued
$164,255),
deficit),
of
share
less
Ltd.;
——
Net income bef.
•Equal to Estimated reconversion' costs ($300,000) included in costs
and expenses for the period, less applicable reduction in Federal taxes
($225,000).
-
subsidiaries, held in abeyance, $292,927; miscellaneous deferred credits,
$941,966; reserve for contingencies, $3,995,313; interest of minority
stockholders in subsidiary cos, (capital stock including, $128,625 of
preferred
53,779,143
90.50
foreign
from
remittances
$140,351;
company,
Co.,
Ss
-
•
sale of real estate..—
on
•Cost
($35,000) on preferred stock—...„
penses
,
-
1,244,959
:
Woolworth
buildings
—
\i I
>
par value of
.
contractual obliga-;
lions
to affiliated com¬
panies, $146,731; royalties and participations payable, $920,937; ad¬
vance
payments for film, deposits, etc., $650,324; current liabilities L
of subsidiaries operating
in foreign territories (including $2,528,304 v:
guaranteed by Warner Bros. Pictures, Inc.), $7,097,735; notes pay¬
able to banks, $27,047,000; mortgages payable, $634,570;
other con¬
tractual obligations,
$2,631,683; discount on purchase of preferred •
debt maturing within one year, $183,000;
maturing within one year, $818,825; owing
subsidiary
;
stock account, equal to
common
100,000 shares of common stock issued as stock split-up
and adjustment of capital structure
—
Underwriting
commission
($150,000), and estimated ex--
SV,
Foreign exchange loss.
Loss
$1,756,321
60,000
:
_.
■':
estate
.
profitfm $4,437
—i—.
1,781,884
Cash dividend paid
56,460,182
,
...^^—————-——-—.——^^61,745,1890 58,227,251^;
:
Interest
•
Net
mortgage
a
Total
12,400
,
—
Amortization of buildings on. leased ground and
v 4
f '
;
of alterations and store organization iexpense§;Kt4,536(776SW5,082,681^
Previous earned surplus-
$4,087,844;
amounts withheld and collected for Federal Gov¬
ernment, $3,444,072; accrued liabilities, $6,460,328; reserve for Fed•eral income taxes—less U. S. Treasury notes of $13,287,103, $9,771,215;
of
profits tax (sub.)—
459,847?395
420,676,265 406,068,253
expenses.,..—.
\
Depreciation of
Cr200,700
———————
Normal income.tax, surtax and, excess
able,
stock
period———
the
for
,1944' •-*.
-
recoverable due to carryback - of j net- operating loss.-
Taxes
1945
'
England
*
3,579,494
Interest and miscellaneous: other income—- ,460,554
' 75,000
'
"
.
.
Operations
real
Dividends—-F.
plants
of
——
K.
■
,
and
from
Income
$183,863
$3,571,182; accounts and notes receivable, $2,-'Oil,783; inventories, $42,561,1.16; production and royalty advances,
$727,981; current and working
assets of subsidiaries operating in
foreign territories,
$3,807,586; investments in affiliated companies, ;
$8,818,908; fixed assets (after reserve for depreciation and amortization, ™
$o5,745,957), $99,673,482; other assets $2,225,800; prepaid taxes, insurance, rent and other expenses, $2,233,354; total, $188,468(880.
•
recohversion
post-war
1, 1945
value,
redemption
or
for
reseiwes
to income
returned
CONSOLIDATED BALANCE SHEET DEC,
-
of
•Portion
-
§ Includes excess profits tax of $1,500,000.
sales
Net profit from
2,484,884
•w*->
'
t
S.,' Canada and .Cuba,-———477,136,447:
Other income;.
periods863
Loss for
•
income—.—.
from
Deductions
studio properties charged to film costs. (After allowing for
on!, debt Retirement,. $120,000 and vpost-war refund, $210,000.
respect of
•
U.
of
•Cost
;
$2,226,021
,,
■
M
•
'♦Includes excess profits tax of
"Bients, $162,000 and post-war
in
'
$2,198,871
Other - income -———!'
; 27,150 ■
$1,723,383
$0.42
$1,981,730
$1.17
;
...
.
■
sales
Net
-
"v.
'•
-
'
Subs.)—Earnings—
(&
(Including Canadian Subsidiary)
,
113.
INCOME STATEMENT, FOUR MONTHS ENDED
DEC.: 31, 1945 .>}:'■■■
CONSOLIDATED
>
Dr4~761
v;:
"
.Net
' s
,
.
(3,945,000
•4,825,000
§4,300,000
"
.
Sales
250,000.
26,630
CONSOLIDATED INCOME ACCOUNT FOR CALENDAR YEARS
per
$6,178,144
9,084 V.v-: Dr7,174
■
Earn,
par
163, p.
f
'
share on the 4Va'/« .;
$100, payable March 15 to holders of
Woodall Industries, Inc.
V
8,069:.
_—_
j
13 that the directors, at a recent meeting,
preferred stock,
cumulative
record Feb " 23.—v:
108,509
——
^
_
fixed
of
sale
on
assets
;
Minority' interest
'
declared an initial quarterly dividend of $1.12 Va
207,614
:
.
etc.,
It was announced on Feb.
356,540
per
,
7,011
$8,783,940
income
■
$5,970,530
$5,889,832
294,073
$6,928,499
$8,424,400
per
pence
^1;:; Dividends were received by this company from the British company
$4,000;
property,
unemployment and old-age retire-,
in the amount of $3,579,494 during the year 1945 as compared .with .,v
$48,571;. dividend payable, $144,807; reserves for recon¬ <:$3,181,774 in 1944. - J
•
» *<
version of plant property, post-war expenses and contingencies, $25,- :;
A very limited amount of information is obtainable concerning the ; '
000; other reserves, $5,899; capital stock ($1 par), $289,659;, capital
physical condition of the German company.
This is due principally
surplus, $1,766,776; earned surplus, $4,002,636; total, $6,802,681.—V. '
to
the
chaotic
economical .internal
condition,- and
disrupted com¬
162,: p. 1810.
)
; "
: ■:'' r- v
munication and transportation rfacilities between- the established zones V,
in that country.
The investment of this company, in the German
Wisconsin Power & Light Co.-—Initial Dividend--!
company was written down to $1 in-1941,
'
■
; 4
325,000
1~50~600
Foreign
Other
!'r
V
,
$115,000),
ment,.
1,135,175
650,249
3.;;
cos.—
conting—
for
Provision
^
1
wages, bonuses
commissions, $152,836; accrued expenses, $37,334; Federal
taxes accrued (after United States Treasury tax savings notes'':
agents'
and
of
.Net
!
;•
pence
3
;
3,003,285
17,094,764
&
1946.
9
fitLIABILITIES—Accounts payable, $325,163; salaries,
1,274,757
17,791,388-
2,012,095
participations.
Oper; and gen. expense
ties
$34,413,961 $30,111,163
6,698,598 i. 5,280,719»
$39,053,991 $33,093,321
.
This makes a total dividend disbursement of 2 shillingsshare out of 1945 earnings as compared with 2 shillingsshare for the preceding year.
The final surplus carried
forward after deducting the March
dividend increased to £7,917,830 f
as
compared with £7,395,183 a • year ago. ' The investment of this
company in the British' company is carried on the balance sheet at
a
book value of $30,879,630,- however, the market value based on the
London Stock Exchange quotation of Dec. 31,-1945, converted at therate of $4.02 '/s per pound, was $255,336,444.
;
'
March 1,
$107,605;
years,
$2,177; investments in and advances to foreign sub¬
not consolidated, $130,012; land, building
and
machinery,
at cost (after reserves for depreciation of1 $1,185,213), $1,144,537; patents (nominal value), $1; prepaid expenses and deferred
assets,
sundry
sidiary:. companies
inci. royal-
costs,
Other
payments for prior
renegotiation
and
taxes
profits
(& Subs.)—Earnings—
Nov. 25, '44 Nov.'27; '43 Nov. 28, '42 ;
Inc.
Monday, February 25, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
1076
''V
i
Corporation, Mr.
explained,
in
the
and
two
the
sums
dif¬
might
represent credit which the Amer¬
ican
concern
vance
had
agreed
Turkey privately."
to
ad¬
:
yolume>,
163
Number
*
4467
THE COMMERCIAL & FINANCIAL^
CHRONICLE
^BankersDollar Acceptances Outstanding on >
Changes in Holdings of Reacquired Slock
liilllpov. 30, $144,790,000
The New York Stock
Exchange
$10,198,000 from the Oct. 31
the Federal Reserve Bank of New York.
the Nov, 30 total represents
ago,
As compared with a year
gain of $29,454,000.
a
v
'
DOLLAR
'
ACCEPTANCES
Federal Reserve District—
1
1
-
,
•
Minneapolis.....
1,947,000
;
194,000
;
$144,790,000
month.
$10,198,000
$134,592,000
Increase
for
/
Nov. 30/-45
$ioO, 182,000
•
,;/,;„
^
Domestic shipments
Domestic warehouse credits
Delia r excha n
goods stored in
as
since
$73,759,000
(2)
9,280,000
12,251,000
13,342,000
12,963,000
127,000
148,000
11,366,000
82,000
5,652,000
3,684,000
(4)
>
and
coffee
for
from
the
Own. bills. ____$57,647?000
South
principal
Bills
Increase
Purchased
2,045
'
America
and
month.
the
Importations
exportations
o\
(6)
of
(7)
general
transactions
of
.
13, 1945
Dealers' Selling Rates
%
120
/:>'<:>: -150;
>>
'. '; ■■'
180
bankers'
30—I11J2H9 tiOrv
Nov.
30...
Dec.
31
Dec.
30_.
30..^—.
27
.;»•
*
30
—
Jan.
119,682.000
Jan.
127.062.000
Feb.
129.818.000
Mar. 31.*——.
3 0—128,350,000
29-—
June
116,814,000
31
1
120,497,000
29^.ii. 134,772,000
Feb.
128,944,000
July 31
Aug. 31—. 130.244.000
; 126,269,000
30_.
127,512,000
116,825,000
on
Way
31__
104,356.000
June 30—
111,675,000
July
31—
Sept. 29__
Oct.
—
Nov.
31—
.
Dot.
12
134,533,000
volume
$348,277,000 for January,
1st preferred.^.—.
30i>i.on
in
1
'
continental
of
$69,655,000 for
is
greater than January 1945;
over
the month,
State and municipal construction
average for January is
26% greater than the
preceding month and 284% greater than the
month last year. Federal
construction topped last month
by 55% but
recorded a 22% drop below the
corresponding month of 1945.
construction
volumes
U; S, Construction
Private Construction
•
Public Construction
.
-
State and Municipal..
federal
for
January 1946, De¬
are:
Jan., 1946
,
Total
New
capital for
Dec., 1945
Jan.. 1945
(five weeks) (four weeks) (four weeks)
348,277,000 $238,009,000 $88,193,000
237,463,000
172,370.000
32.362.000
110,814,000/
65,639,000
55,831,000
70,641,000
44,962,000
14,710,000
40,173,000
20,677,000
41,121,000
construction
January, 1.946 totals $103,797,000,
an
The
current
purposes
for
the
increase of 46%
five
over
weeks
of
the preced¬
January
financing for construction purposes is
made up of $51,558,000 in
corporate.securities and $52,239,000 in state
and municipal bond sales.
-
[
'
.
•'M
t
.
until
General
S
that
school
•,
the
their
Hershey
also
80,000
eligible
about
,
29
students
would
be
stated
high
lost,
to
Army unless Selective Service
operating in June.
' -!
When
Geheral indicated that, he was not
in favor of this: group as a source
Qf
we
•
37,401
3,806
3,652
9,522
2,811
9,079
11,701
36,396
2,319
7,314
3,108
■;
;
89,131
8.97f
8,397
37,4H
>,
6,998
4,508
8,237
23,188'
82,756
7,974
38,819
34,990
41,975
40.305
129,004
102,684
126,176
8,337
'
Credentials
Faqih, first diplomatic
7,461
25,004
22,952
251,812
t'his
Majesty's; Government
con¬
tinues to defend and to exert it¬
to the United
self for the affairs
States, told President
Feb.
8
in
presenting
his credentials that "the main aim
of the Arab
ate ^
League is to cooper¬
in
safeguarding the
fully
world's
stabilization
•
and
se¬
and
rights of
As the envoy
of my country to your Govern¬
ment; I hope to be able to clarify
these-' affairs and rights in the
the Arabs at large.
saffi^cboperative spirit which has
always characterized
The Saudi Arabia representa¬
tion here is accepted in
diploma¬
tic
circles
as
a
token: of
in¬
ih
creased
mission
long as I
have the benefit of your high con¬
sideration and the full coopera-
the
United
affairs
There
of
States interest
the
speculation
was
presence would
Of
gration,
world.
be
opposed
a
in
East.
that
its
factor in
the
Palestine
increased
Jewish
by
>
the
prob¬
immi¬
Arab
'
In goffering
most
Middle
sincere
"warmest and
greetings" of his
the
Majesty King Aziz Al-Saud, King
of Saudi Arabia, the new minister
said
the
Arab
states
New Nat. Banks
Transacting
Longer Need Sp. License
•
Secretary of the Treasury Vin¬
announced
son
on
Dec.
31
that
steps have been taken to permit
all banks hereafter authorized to
begin business by the Comptroller
of
.
the
1919
representative from Saudi Arabia
on
want men
mi 1 itary
Currency, or admitted to
membership in the Federal Re¬
serve System, to transact normal
stantly working, both individual¬ banking business without obtain¬
ly and collectively, for humanity." ing a special Jicense from the
"As always in the past," he said, Treasury. The Department's an-
Envoy Presents
Truman
we
—
Normal Business No
7,045
21,238
270,109
116,100
centers
housekeeping
police."
15,81f
•7,690
7,075
.
other
Asad A1
re?-
11,671
5,058
2,648
Now
men.
for
110,21?
>
beginning in
Saudi
"Times"
in
■
-combat
11,56?
124,130 h
2,384
>: "New .York. City_„
*140 other centers.,
193
12,269
1,440
2,799
•
Total, 334 centers.!
1945
15,543
2,845
'
Jan.
11,682
4,923
...
Francisco
C/;
the
manpower,
He told the Senators that
war
38-year-olds were
not taken, to which Senator John*
son
replied,
"In war we took
'
1946
3,556
w—
Minneapolis
Kansas City
San
questioned about getting
mefy in the older brackets, the
Jan,
•
5.021
...
Cleveland'
lems
month of
month's
.
None
..
41,416
^
determination of
ing month, arid 298% greater than the total for the
1945.
176
curity."
NEW CAPITAL
*
>
3,865
,
Atlana
last year.
January 1945,
•
10,509 *'
21S
14,380^ !
"231,381
induction
students
even
1945
Richmond
United
average basis
month and 58%
engineering
r: >
1946
St.-Louis
weekly
a
Jan.
-
added in part:
cember 1945, and
'
:
scientific
fields; postpone¬
of high school
graduation
and tightened physical standards
since V-J Day.
v \
'
'"J
1,680
-
28
...... .............
York-
'greater than the average of the four weeks of
January 1945, according
to
"Engineering News-Record." The report made public on Feb. 7,
Civil
;
>/
*:i
175
Chicago
an average
on
;>
"3:2,843
>231,181
,> : 472
Jan.
144,790,000
each of the five weeks of the
month. This average
volpme is 17%
above the average for the
four weeks of December, and is 216%
Private- construction for
January
: None.
.11,087
.278
—
in
ers
ment of
-
monthlyosummary of "bank debits" which
Federal Reserve District—
Dallas
.10% greater than last month and
487%
Public construction, is 35 % above last
-
—3 Months Ended—
128.035.000
30-
$348,277,000
construction
•,
'
134.592,000
-
January Civil Eagmeering Conslruclion
engineering
620
476,846
i
621
pqrrted.
3hiladelphia
Civil
6,460
240
SUMMARY BY FEDERAL RESERVE DISTRICTS
(In millions 0? dollars)
■
States totals
group; refusal of illiter^
ates;
liberalized
deferments
of
students, teachers, research work¬
Shares
Report
•
-'
,
Recruiting of volunteers in the
18-to-25
Per Latest
10,560
common—
its usual
116,717,000
.—.
31„
Aug. 31-
114.953.000
Feb.
\"ew
Tola's
common
jsystem;
give below:
106,893,000
July 31—— 138.692,000
Aug. 31———. 109.632.000
Sept. 30—111,101.000
Sept, 30—— 117.016.000
"Oct. 30
114.883.000
only about
May 15. ;•/"
Hershey gave these rea¬
the failure of the quota
for
sons
The Board of Governors* Of 'the Federal Reserve
System issued
28..
Apr.
125,566,000
May 31—— 113.139,000
June 30
Jan. 19 the
on
Bank Debits for Month of January
129,743,066
—-
could .raise
were
Mar. 31..
129,358,000
'Apr.
135,815,000
139,846,000
110,250,000
31—
a month,
quota, Gen¬
men
the 50,000
i^>o,UUU men before
115.336.000
.
of
probably
•466,782
Process Company, common—......—^
Njtgara Share Corp./ class B common.
Ogden Corporation, common—^—.—w_„;
Corp., v, t.,c.
explain why he had
Army an aver¬
eral Hershey gave several reasons
for the failure and declared he
1944—
1944—
Jan.
Corp.,
to
of only 35.000
instead
\
Shares '/•
Previously
Reported
New
Sterrett
$
Utilities
Ludwig Baumann & Co., conv. 7%
record of the
a
at the close of each
1945—
Feb.
■
International
Nov.
118,039,000
-./Mar. 31—
May
furnishes
us,
1943
1943—
Apr.
&
November, 1942:
'
31__
Called
been supplying the
General
Exchange made available
——
re
acceptances outstanding
80-.V—— 116.067.000
Dec.
$
following table, compiled by
1942— '■
Nor.
Va
»/8
month since
■'
i7a
a
of
sociated Press added: v
age
Company and Class of Stock-rrAcro Supply Mfg. Co.,
Inc., class B.
Air Investors, Inc., conv.
preference—--^
American General Corp., common.—
Crcwn Central Petroleum Corp., common.
Dennison; Manufacturing Co., prior, preferred./———
Dennison Manufacturing Co., class A common
'•
»/a
...
of
Chairman,
the signs Selective Service
going out May .15."
The As¬
is
the purchase of Poinsettia
-
■>>
—v
~
read
>/->.,>
•
The
(7)
30
following list of issuers of fully listed securities which have reported
changes in .their holdings of reacquired stock;
Total—.—$106,820,000
$7,221,000
Dealers'Buying Rates
^
..
volume
(6)
40
None
'
btherS--___$49,173/tibO
for month
30
90
None
2,350
compensation.
'
,
Decrease is due to exercise of options.
4 shares purchased
during December and 28 shares retired,
Purchased 40 shares—retired 725.
(5)
considered seasonal
CURRENT MARKET RATES ON PRIME
BANKERS ACCEPTANCES DEC.
.
53,936
24
725
'
.
with substan¬
eighten months'
than
Colorado,
told
Gen.
Hershey: "You should not plan
beyond May 15 because if I can
4,145;
54,309
5
physical
persons
less
Committe
represents shares delivered under the Employee;
plan.
shares, ^issued 6,593 shares to employees as additional
The New York Curb
.
>'
the
Senator 'Johnson
92,919
42
-
That
tion.
None >,
\
,
accounted
Days
,
4,117
.
954,147
76,450
'
covering
lower
service be submitted for re-induc¬
Decrease in treasury shares
Extra Compensation
or
6,496,000
45,303
/
:
1,200
—^
Acquired 2,228 shares—issued 2,228 shares
Dairy Products, Inc.
-
(3)
4.
tially
(5)'
'
,NOTES
BILLS HELD BY ACCEPTING BANKS
•
45,302
6,071
954,146
-
1
(1)
14,194.000
dura¬
men.
(4)
16,929
vv;/k/r-'':V28-:a
Nov. 30, '44
"the
and Navy De¬
produce the required numbers of
/
27,869
r
29,469
Laboratories, Inc., 1% preferred—_•
Ward ,Baking Co., 5'/»% preferred-
11,985,000
that
soda
common.—/—.
Rubber
for
months.")
standards and apply them so as to
(3)
984
common—
Co.,
States
six
partments
(3)
,
11,141
...
Universal
$94,564,000
.
in acceptances created
during November may be
there have only been four decreases in
1925
of
31,817
12,34,1
Wilson & Co.i common
Increase
nitrate
Co.,
United
Oct. 31,'45
14,792,000
9,851,000
shipped
;>£ between foreign countries....^--..
merchandise
None
184
United States Gypsum
$115,336,000
and
That the War
3.
3,000
21,263
—
.$29,454,000
year.—.
inducted
now
tion
1,220
> 27,075
—
...
Imports...^......
The
2,000
30,239
Safeway Stores, Inc., common_____
25,000 .Sheaffer (W, A.); Pen Co., commoni.i^....
Sinclair Oil Co., common..—
2*14:565 Smith (A.- O.). Corp., common
ij..—.
Twentieth Century-Fox Film
6,817,000
Corp., preferred.—"——
United Cigar-Whelan Stores
Corp., common
,
for
.
1,375
—
since Congress
enlistments
•
.I*
Plymouth Oil Co., common_i_—
Purity Bakeries Corp., common——
3,008,000
461,000
1,765
authorized
are
1.740
preferred,'';serIes~A—■—
.
517,000
15,683,000
15,470,000
~
Selective
eighteen months, this would seem
to be an appropriate period. (Men
(2.
42,059
-.
of the
period of service;
81,571
-
the
Act.
Amendment
has
1885
.
47,529
..
...
(i)
33,532
795
of
extension
Service
;
177,958
74,871
Co.,: common^J-—-::!—^1.:
Pittsburgh Coke & Chemical Co., common.
536,000
ACCORDING TO NATURE OF CREDIT
on
common
None
33,132
:
—
Monsanto Chemical Co., common.—
National -Cylinder Gas
2,906,000
-122,000
;
424,000
13; San Francisco.,.:
.
350,000
-
11- Dallas—-—■
Based
common...
the
before
Service Act to provide a definite
7,351
-V
177,958
.
Corp.,
Common
73,420,000
8,042,000
1,342,000
9,628,000
503,000
;
Motors
Preferred;
Johnson & Johnson,
$18,565,000
4,896,000
•-10,Kansas.
Exports
capital.—I——I
common—w*.
Inc., 7'k preferred—-—I.—"-Ill
2.
,
60,532
7,371
(The),
International Minerals &
Chemical Corp.,
Jewel .Tea Co.,- Inc.,
'
'
1,399,000
4,188,000
4,459,000
Louis-—
for
General
<
Nov. 30, '44
1,686,000
1,540,000
.
„
Grand Totals.—
STATES
$16,218,000
80,081,000
4,586,000
Chicago
Increase
:.
10,448,000
45■.■■Atlanta——-i,
8
;
Oct. 31, '45
:
86,390,000
•
Philadelphia-.-—..
4 Cleveland^.>w-i-i.—;
V'U Richmond—
u
* St.
v'y
Nov. 30, '45 >'
$18,653,000
____
3
•.
None
;
common.—...——_
^^-New^
n
"
SURVEY
Company
None
if 42,776
•
Immediate
Selective
52,200
;
51,321
v
:*z
Burlington Mills Corp.,
Franklin Simon &
Co.,
OUTSTANDING—UNITED
BY FEDERAL RESERVE DISTRICTS
1
•
v
Borden
MONTHLY ACCEPTANCE
-
BANKERS
■
10,706
,
51,600
Common
Atias Powder
1.
18,000
13,522
43,972
•
—,
The Reserve Bank's report follows:
.
2,500
^
testify
-
commendations:
Report
9,102
—
———
year ago.
.
Shares
Per Latest
Reported
to
demobilization, Maj. Gen. Lewis
B. Hershey, Director of Selective
Service, 011 Jan. 18, according to
New York
"Times"
Washington
advices,^., made the following re¬
that the
16
Previously
Company and Class of Stock—
<
Air Reduction Co.,
Inc., common—
American Ice Co., GVo
preferred..—
American Locomotive
Co., 7 % preferred—.—-—.i—21—
American Saiety Raaor
Corp., capital———I—I—I—.—"
Associates Investment Co.,
common—,.u_—
Atlas Corporation, preferred.—_u_—
.
I
Jan.
on
,
comparison, exports, domestic shipments,
imports, domestic warehouse credits, and those based on goods stored
in or shipped between
foreign countries were higher and dollar
exchange was lower, while in the , yearly analysis allv the items
except domestic shipments were higher in November, 1945 than a
+
announced
Shares
v.
In the month-to-month
•
•
Called
Senate subcommittee investigating
following companies have reported changes in the amount of stock
held as heretofore reported
by the Department of Stock List:
issued Dec, 13 by
survey
•
Wants Draft Continued
Of Nr Y. Stock & Curb Listed Firms
The volume of bankers' dollar
acceptances outstanding on Nov. 30
amounted to
$144,790,000, an increase of
total, according to the monthly acceptance
1077
are^ "con¬
our
relations
the^ast; and which I hope will
characterize
fu$jqfe.
Mr«
...»
President,
will.-be
-I
President
in
that
the
doubt;
have no
successful
tion of your
them
my
as
government."
nouncement said:
been
Reserve,
System,
good
wishes: for his health ! and
pros¬
have
j
|
1
.
j
.
I
organization as a^ national bank
\
or for membership in the Federal
;
Reserve System adequately safe- "
*■
guard the public interest at theVr^f
present time, independent consid- " ' ; f
eration of each proposed member
j
bank by the Treasury is no longer '•
„
,
necessary.
t
"
"Accordingly,
an
"
•
today's
.
action
authorization of the
System to transact normal bank¬
ing
business
perity from himself and the peo¬
license from the
ple of the United States,.
ment."
,
.
;
requited to be" licensed by
constitutes
extended
j
{
the Secretary of the Treasury/In*
asmuch as the requirements for
Truman
and
j
"Since the bank holiday of Mgr.
6, 1933, all member banks of the
Federal
}
.
•
responded
with "deep appredation" for the Secretary of the Treasury to new
good wishes of the Saudi Arabian members of the Federal Reserve
monarch,
;
:
.V
without
further
Treasury Depart¬
.
Committee for CED
Ago
Reserve District in Dec; 14% Above Year
Appointment of four additional
announced on Jan. 22 members of the Research Com¬
stores in the Second (New York) mittee of the Committee for Eco¬
Federal Reserve District increased 14% over a year ago.
The com¬ nomicv? Development was an¬
bined sales for January, to December, 1945, were up 13% from the nounced / on
Jan.
11
by ft CED
similar period of the previous year. Stocks of merchandise on hand
Chairman Paul G. Hoffman. The
in department stores at the end of December, -1945, were 5% over new menmbers
are
James
F.
"those of 1944 '' v
i* *
*
r,
-»* * -1 *1, ■' ■' ''JCS ,
ft 5 41
,,,i
. i *
^
ik
Brownlee, George L. Harrison,
The apparel stores in the New York Reserve District reported Thomas B. McCabe and Philip
a 13% gain in the net sales in December.
Their stocks on hand at D.. Reed. ; Ralph ft !E. i Flanders,
the close of the month were 6% higher than the same month in 1944. Chairman of the Federal Reserve
The following is the bank's tabulation:
Bank of Boston, is Chairman of
that December sales of department
;
.
DEPARTMENT STORE
\
ft '
LOCALITIES DECEMBER, 1945
TRADE BY MAJOR
District
Second Federal Reserve
ft
-Net sales-
ft"
ft-." ft':?ftftftft
■
Department stores-:*
ft-.'
,
V New Work City——-u———--
+
Valley
—ol———- ft
Poughkeepsie
Upper Hudson River
Valley-,
—
•ft Mohawk River
Valleyftftftft.ftftftft
Utica
—
Syracuse
■
——-ft
—
Northern New York State
+
Southern New York State
7
+
.
Rochester—ftftftft.
Apparel stores (chiefly New York City).——ftfti
•':"
OF
INDEXES
;
:
•
+
.
+
+10
+
8
+
■
8
3
+
..;>+ 9
+12
+ 8
8
9
—
+
12
—
2
+
+18
21
+
6
+13
1945-
1944
Dec.
Oct.
Nov.
196
235
307
*157
172
182
181
129
175
173
136
155
daily), unadjusted
Sales (average daily), seasonally adjusted
Stocks, unadjusted
Stocks, seasonally adjusted—----.-.i----——
Sales (average
152
150
.
:
;
'
*.
l^ew
York
Newark
Dec.
Oct.
168
258
211
233
298
135
153
*250
190
219
282
204
City—:
*312
*246
*274
185
274
216
227
324
296
385
—_—I
—'—
—
ft Buffalo
164
Rochester
'
■.
336
225
ft 334
270
155
162
*301
179
204
320
149
Syracuse
169 ,*
208
*230
301
*197
*197
_
—
Bridgeport ——Second District—
Dec.
NOV.
1945
*148
„
__
.
—
Total
264
*Revisedjtlndexes Are based on total monthly sales; no adjustments made for
differences In the number of shopping days from month to month or for usual seasonal
'
variations In sales yotyme.
•,
.
,
..
-'
of
ber
Advisory
Business
the
K
ft '
•
Commerce.
Mr. Harrison is President of the
-1945-r-
1944
Annual Average
1944
from 1937 until 1939 was a mem¬
of
DEPARTMENT STORE SALESt
Average monthly sales, 1935-39=s100
INDEXES OF
'
Sales Man-
of the American Sugar Re¬
fining Company. He also served
as Director of Transportation of
the War Food Administration and
Council of the U. S. Department
^RcvIsBii
..
re-'
He
ager
*269
Dec.
OPA.
the
of
Prices
fore that as General
STOCKS
DEPARTMENT STORE SALES AND
Second Federal Reserve District
(1935-39 average = 100)
was
signed as President of the Frank¬
fort Distilleries, Inc., to assume!
thai wartime task. Previously he i
had served as Vice-President of
the General Foods Corp., and be-:
2
—
9
+
of
4
+ 15
'
formerly
Deputy Administrator, in •. Charge:
1
—
+ 13
+ 15
————...——
—:—
—
.
Western New York State
17
0
subjects!
dozen additional
a
for study."
Mr.
Brownlee
%
-I
+23
ft. Buffalo——
—
ft- Niagara Falls,———.
■
+ 14
+17
+11
half
5
—
4
+15
.
,
ft
5
—
+u
•
may
2
+
f;+': 8
■.
+
:
ft- • Elmira—
+ 18
5
Binghamton——++.--•••'•
ft
•
+ 23
+
-ft-
2
+10
9
so
3
+
+15
+
£& /:
+
ftft+14:
+13
ft.'
ft '
+ 11
-
14
that studies now in pro¬
be finished.'/The... Rer;
search Committee has issued pol¬
icy statements on such matters as
postwar taxation, changeover ftunremployment, foreign trade and
agriculture and has scheduled a
1946,
gress
.
9
+
8
+
+
+ 6
Schenectady————u.———.
Central New York State—...
Research Division at least through
+11
•;+ A- '■
+12
+19
.
Albany——
.
v
ft-ft:
+11
4" 10 ■
,
5
+ 10
+14.
:
Lower Hudson River
+
14
de-(
cided to continue the work of the
5
+ 13
+12
.Newark—
,+13
Westchester andFairfield Counties^—'+ 9
r ■'. Bridgeport—.
r--^—+' 6
Northern New Jersey—ftfti—.
ftftft-/': •' ftftft < >'./-•••• ■' ft- ft/.
"The trustees of CED have
31,1945
+
+ 13
+14
4-16
Second District——r
Mr.
Committee.
his ft announcement
in
said:
hand
on
Dec.
1945 ft
Research
Hoffman
preceding year
Stocks
Jan.-Dec.
.-ftftiftftftftftftftftftftft-' Dec
' •>
,,
;
^
1945
'
the
'
Percentage change from
ft; ft'
»•< < -1
Red Gross
In UNO
Campaign
Gibson, nationally
known financier and philanthro¬
Harvey D.
:
"Exempting agencies which have /
Properties Corpo¬ been transferred to the Treasuir
offices at 10 East and other departments for liqui¬
40tH Street, New, York City, en¬ dation; the Executive Order set
gaged in .the management and forth ;Mr.: McKeever'a duties ; as
follows:
•
development of ftrea! estate. *
Charles R. Diebold, of Buffalo,
"(a) Cause to be developed by
New York, will succeed Mr. Far¬
each war agency, for use when¬
thing as Manager of the New York ever it shall, pursuant to Act of
RFC Loan Agency. Mr. Diebold is Congress or order of thePresident,
a partner in the firm of Diebold
as the case may be, cease the per¬
&
Diebold, ft Attorneys at Law, formance of its substantive func¬
Buffalo,, and has been active for tions or materially reduce the
several years in banking and cor¬
volume of its activities, "suitable
poration work, ft He presently is plans for the winding up or reattorney for the Western Savings ttenchment pf its affairs.
Bank and General Counsel of the
(b) When deemed appropriate,
Niagara National Bank, both lo¬ arrange for the designation, by
cated 'in Buffalo. ftftMrft Diebold the head of any war agency, of a
will jaSsume office as Agency Man¬ liquidation officer for the agency;
"(c) Receive periodic reports
ager as of the beginning s of busi¬
ness : March 1.
which shall be submitted by each
•
war agency, showing the status of
preparation for liquidation, or'of
liquidation; as the case may be,
"(d) Establish such uniform liq¬
uidation practices as will acceler¬
ate the rate or improve the qual¬
For the first time since March,
ity of the liquidation.
the number of employes in non"(e) Suggest to the Civil Serv¬
agricultural
establishments
in¬
ice Commission and the liaison bl*"'
creased in November, and is now
ficer for Personnel Management
above the level of September, the
measures designed to ameliorate
Bureau of Labor Statistics, U. S.
the impact of liquidation upon the
Department of Labor announced
employees of the war agencies
on Dec.
16. With the addition of
liquidated.
413,000 workers, employment is
"<f) Advise and assist the war
now 35,620,000.
agencies in such other respects as
The Bureau states that "all but
will facilitate the preparation for
one of the major
industry divi¬ and the
carrying but offtthe liqhi^
sions,
including manufacturing, dation of their affairs."
reported
gains in employment
over the month.
The largest in¬
to
,
"
-
Employment Gains
In November
he served as
of the: Federal
Board
rison
in
Washington.
Reserve
Mr. Har¬
admitted .to the Bar in
was
He
U Cross
Commissioner
to
1942, to May, 1'945, Mr.
August,
the
extensive Red Cross participation
in the invasion of Europe in 1944,
One of his ; outstanding achieve¬
Gibson organized and directed
to
Associated Press
Washington advices of Dec. 4. As
finally passed, the bill was report¬
ed to be substantially the same as
when passed by the Senate For¬
eign Relations Committee. Before
the final vote by the Senate a
proposal was rejected on Dec. 3
which would, have required the
President .to go to Congress for
major Red Cross project through¬
out the world.
In recognition of authority
each time American
Mr. Gibson's activities the na- troops were furnished to the UNO
tion's Award for Merit was con¬ Security Council for putting down
ments Was the founding of Clubmobile Service, which became a
1
McCabe
Mr.
Great according
Britain and Western Europe from
late
as
legal secretary to
Supreme Court Justice,
Oliver W. Holm.es,
After seven .days of debate dur¬
pist, has accepted the chairman¬
ship of the 1946 Red Cross fund ing which attempts to amend the
campaign.
The
announcement measure were defeated, legislation
was made on Jan. 9 by Red Cross to
provide full participation by
Chairman Basil O'Connor, who this country in the United Nations
said
the
$100,000,000
campaign Organization was passed by the
Will be held from March 1 to 31, Senate on Dec. 4
a vote of
inclusive.
.As
American
Red 65 to 7, and sent to the House,
•
served
the
Senates-Goes to House
President
is
(on
leave of absence) of the Scott Pai-
Co., of Chester, Pa., and has
per
been
of
member
a
Board
the
CED
since Its
of Trustees
mation in 1942. He is
a
for¬
director of
the Brunswick
Pulp
and
Paper
Co.
Chairman
of the
is
He also
Board and
eign
and
a
liquidation Commissioner
Special Assistant to the Sec¬
the
war
women
in
our
and
seas
armed forces, over¬
at
home^
for
our
wounded, for our veterans and
their families, and for traditional
and
pioneering responsibilities
the
home
must
,
carry
front—the
on.
I
Red
am
on
Cross
•.direction of the found raising ac¬
,
of
3,754 chapters in
this first post-war Red Cross ap¬
peal to the American people."
Mr. O'Connor pointed out that
this
in
new
Mr.
Gibson's
volunteer
Cross
our
role is another
many
service
through
two
to
requirement
that the President get Congression¬
al approval only on the "numbers
and types" of armed forces to be
supplied. These men could * be
used as required by the Security
a
Aomn!
delighted Council.
^that Mr. Gibson has assumed the
tivities
This left in effect
milepost
years
of
the
World
Red
Wars.
During World War I he was, suc¬
cessively,'> Chairman of the New
York County Red Cross chapter,
general manager of all Red Cross
:——fl
'■—
activities in America, a member
of the War Council, Red Cross
commissioner to France and Red
Cross commissioner to Europe, i
-
Mr.
Gibson has been President
of the Manufacturers Trust Com¬
pany
and
in
is
rations.
New
York
since
1931
director of many corpo¬
a
For his outstanding pub¬
lic
service,-he has received hon¬
decorations from the Gov¬
ernments of France, Belgium and
orary
Sweden.-.
-
;
War
the
and
Navy
Mr.
Heed
of the
Chairman
is
Board of the General Electric Co.
aha of the International General
27,000, despite a decline of 90,000
shipbuild¬
workers in aircraft and
ing ftproducttom/j/Evidehcesftttiat
reconversion is well under way
were to be found in almost all the
industries which had been import
tant in the war effort.
While the
addition of 46,000 workers by the
machinery (other than
slightly larger an the light
industries than in the heavy. The
of
was
of the
vided among
International
He
merce,
Bankers
Chamber
is
of
director
a
Com¬
the
of
^Trust Co., and of the
He
also
served
as
Deputy Chief
of the Harrimah Mission in Lon-!
don from July 1942 until October
1943* He was oh the Board of the
OPM and the WPB
in
and
1941
1942;
He is a member of the Bus¬
iness
Advisory Council of the U.
S. Department of
•[ft':, ftft
■■
Comnieree.
——in
i
'
'n
Diebold Named Successor
The
Board
of
tion announced
Directors of the
Finance
on
Corpora¬
Feb. 7 the
res¬
ignation of William J. Farthing as
Manager of the Corporation's New
York Loan Agency effective as
of the close of business February
28. Mr. Farthing went with the
RFC on leave of absence from the
National
v::-,:.-.. in
Properties
Corporation
May 1935 to serve as
Morris Plan Bank
Of New York
the
Following
|i
action
of
the
33,000
production
pretty equally di¬
the textile, leather,
printing, rubber, and miscellane¬
ous
groups.
Its
and
stockholders
original
General X.
Coleman DuPontt Cornelius Yan'included
directors
derbilt, Governor Alfred E. Smith,
Charles H. Sabin, President of the
Guaranty Trust Co.,Vincent Astor„
Murray
Butler,
and
others of prominence.
Of the
Nicholas
organizing board only two mem¬
bers now survive, Arthur J. Morris
President of the bank and founder
of the Morris Plan* and Wallace
D.
McLean,
Chairman of the
Board.
The familiar Morris
Plan "dia¬
mond" trademark will be retained
and
the standard Morris Plan
services will in no way be mini¬
mized, theft announcement said.
Mr. Morris, Also Chairman of the
Morris Plan Corp. of America, the
parent enfranchising organization
of Morris Plan Banks and com¬
only large decline among panies, came to New York in 1914,
the light industries was reported four years after establishing the
by the canning industry which first Morris Plan Bank at Norfolk*
had passed its seasonal peak. The Va.
drop in this industry more than
It is stated that today more than
offset the relatively large in¬ 13,000 other banks in the country
creases in the slaughtering, beet have
adopted the Morris Plan
sugar, and baking industries, and
principle of lending on the charwas responsible for the decline of
actor, and earning power of. the
19,000 workers in the food group." individual and while there are
Morris Plan banks in most prin¬
"The
regional
McKeever to Direct War
cipal cities, the Morris Plan Bank
of
New York alone has made
Agencies Liquidation
-
Farthing Resigns From RFC
Reconstruction
employment
was
workers
Associates,
in
increase
addition
States
electrical),
furniture.
non-ferrous metals, apd
Electric Co. He also is Chairman
United
Change in Name of
Departments of the Federal/Gov¬ directors and stockholders of the
ernment." The advices continue:; Morris Plan Industrial Bank of
^; '"Ehiployment r of
production New York in voting to change the
workers in factories (as 'distinct name of the bank to the Industrial
from total, factory employment)
Bank of Commerce, the change
increased by 60;000 between Oc¬ took place as of Dec. 31.
The
tober and November. The heavy opening of. the doors of .the ^ bank
industries showed an increase of bcurred 31 years ago that day.
"The
the Mission for Economic Affairs.
of
end
C brought new challenges to
Red .Cross.
For the men
in
centrated
retary of. State.
has Montana, and - Willis, Republican,
the Indiana, as an amendment to the
"
and UNO bill.
"The
vi
tablishments,
Reserve
Metropolitan Life Insurance Co.
From October, 1943, until Decem¬
ber 1944, he served as Chief of
on
in
crease,
director of the Fedft
Bank of Philadel¬ automobile industry was the most
phia. He has served as Army-Na¬ significant gain, there were also
gains of 10,000 or more in iron
vy Liquidation Commissioner and
and
steel, electrical machinery,
since last October has been For¬
eral
him by President Tru¬ aggression.
The proposal was sponsored by
June, o 1945.
In his an¬
Senators Wheeler, Democrat,
nouncements, Mr. O'Connor said:
ferred
man
,
226,000, was in trade es¬
to meet the large
Deputy Governor, Governor and volume of pre-Christmas shopthen as President of the Federal piiig. The number of Gbvemment
Reserve
Board
of New York. employees declined by 134,000, al¬
Prior to that he was, General most all of the drop being con¬
Counsel
■
,
New York Life Insurance Co. Be¬
tween 1920 and 1940
the :z
counting Office #nd Bureau
Budget.
;
ration which has
the- District; of Columbia im 1914
Approved By
Mr.
of the National
and later to the New York Bar.
Harvey Gibson to Head 0. S. Participation
in June, 1945.
resigning to return
his former position as President
Earthing is
,
}
•
of the Agency
New York
Reserve Bank of
The Federal
agent of the RFC Mortgage Com-;; tives from the Treasury;' Depart¬
pany, an RFC subsidiary. 'He be-, ment, Surplus Property' Adminis¬
came
Assistant. Manager of the tration, National,. Archives, Civil
RFC ?; NewftYorkftLbah; A&epqy,; lgft Service Commission, Public Build¬
1940 and was appointed Manager
ings Administration, General Ac¬
Members of Research
Federal;
Department Store Sales in New York
Mbnday, February; 25,1946
COMMERCIAL & FINANCIAL CHRONICLE
THE
1078
2,580,089 loans totaling $733,562,824.
During its 31 years it has
;
Liquidation of temporary
time Federal agencies
pedited
under
Robert L.
the
war-'
is to be ex¬
direction of
McKeever, appointed to
continually ; paid interest to its
depositors totaling $18,008,353.
The bank
which finished its
President Truman on
according to a Washington
dispatch to the New York "Times,"
first
which continued:
000.
the task by
Jan. 5,
"Functioning within the frame¬
work of the Office for Emergency
Management of the Executive De¬
partment, he will act in consulta¬
tion
with
a
liquidation advisory
of business with total
year
resources
of $870,000, now
resources
of
more
reports
than $70,000,-
In its current Dec. 31st
ment,
crease
the
of
bank
showed
$200,000 in
state¬
an
in¬
its surplus
bringing that figure to
$2,000,000, equal to the paid in
capital. Substantial new reserves
were set up at the same time,
ft
account,
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4467
State and
1079
City Department
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
Jefferson County
(Pi O. Birming¬
ham), Ala.
I Bond Offering
J. E, Bryan,
Secretary and County Superinten¬
dent of Education, will receive
Sealed bids until 11 a.m. on Man
000 Jan.
1, 1947 to 1950/ as 4s;
$1,215,000 maturing $135,000 Jan.
l; 1951 to 1959, as %s, and $925,000 maturing Jan. 1, $135,000 in
1960 to 1964, and $125,000 in 1965
and 1966, as Is. Interest J-J. Dated
Jan. 1, 1946. Denomination
$1,000.
The next highest bidder was Leh¬
man -Bros.,
Kidder, Peabody &
Co., Merrill Lynch, Pierce, Fenner
& Beane, Paine,
Webber, Jackson
& Curtis, Coffin &
Burr, Graham,
principal amounts No proposal for
less tnan the par, value of the
bonds and accrued interest there¬
on or for less than the aggregate
principal amount of the entire is¬
sue
posal
may
terest*
15 for the purchase of school war¬
rants amounting to $3,000,000, not
Such pro¬
will be considered.
that
specify one or more in¬
provided, however,
rates;
interest rate shall be spe¬
no
cified which is not a multiple of
exceeding 3% interest. Dated Feb. ,14 of 1%; and provided, further,
X, 1946. Denomination $1,000. Due tbat interest rates on the bonds
on Feb.
1, as follows: $115,000 in shall not be specified which would
1949, $116,000 in 1950; $118,000 in result in the annual debt service
1-951, $120,000 in 1952, $122,000 in charges (i. e., the aggregate of in¬
1953, $124,000 in 1954, $126,000 in terest and principal payments) on
1955, $128,000 in 1956, $131,000 in the bonds being other than sub¬
1957, $133^00 iit;1958; $135,000 in stantially equal; and. provided, fur-*
1959, $137,000 in 1960, $139,000 in ther, that such charges shall be
1961, $142,000 in 1962, $144,000 in deemed to be substantially equal if
1963, $147,000 in 1964, $149,000 in the smallest thereof is not less
1965, $151,000 in 1966, $154,000 in
Parsons &
Co., and Gruntal & Co.,
jointly, for $675,000 334s, $135,000
Vgs, and $1,870,000 %s, at a price
of 100.05, a net interest cost of
0.9375%,
Other bidders were as
follows:.. "
Bidder
Price Bid
1967, $157,000 in 1968, $159,000 in
1969, and $153,000 in 1970, War¬ cation as legal investments for
Corp., New York
rants to be paid from the pro¬ savings banks in the State of Cali¬
Blair & Co., Inc.
ceeds of the special 3-mill county fornia, and application has been F. S.
Moseley & Co.,
tax. Purchaser must pay for the made to the Superintendent of
G. H. Walker & Co.,
printing of warrants blanks and Banks of said State for such certi¬ Julien Collins &
Co., and
for securing the necesary legal fication when, as and if the bonds
Elworthy & Co., jointly,
opinion. Enclose a certified cheek are issued.
Proposals must be in \ For $2,680,000, Is
,100.63,'
for $60,000.,
accordance with the terms and
*
(Net interest cost .9415%.)
ARKANSAS
■
'
.
Gurdon School District,
tion
:
]Ark.
Bond Sale Details—The $116,000
school bonds purchased by Satterfield Bros. & Co., of Little Rock
v.-163, p. 824—bear interest at
are dated Feb. 1, 1946, and
mature on Dec.
1, as follows:
$4,000 in 1947; $4,500, 1948 to 1950
inch; $5,000, 1951 to 1954 incl.;
$6,000, 1955 to. 1958 incl,; $6,500
from 1959 to 1962 incl., and $7,000
2%%,
CALIFORNIA
Hills,
Cal.
?
Bond Election
The following
bonds amounting ta $600,000 will
^submitted to the voters: at the
municipal election to be held in
April:
$500,000
;
*
Metropolitan
Outfall
Sewerage District Plant bonds.
100,000 Incinerator bonds.
California (State of)
Governor's Veto
of
public Works BiR^he* State
As¬
vv
v
Override
sembly, ignoring Governor Warr
Jren's veto, repassed by a vote of
p4. to 8 a measure providing for
an appropriation'of
$90,000,000. for
city and county public works.
Bond
Auditor
Water
of
and
bonds, stating the terms and
Chase National
con¬
which proposals may be submitted,
together with. advance copies of
the Official Statement proposed to
Principal
•
may
favorable
necessary
majority for
a.m.
(Pacific
a.m. on
;
March
school
bonds
amounting
to
$775,000, not exceeding 5% inter¬
est:
Corona
School
Union
District
High
bonds.
Due
$25,000 April 1, 194T to 1967,
250,000 Corona School District
bonds. Due April 1, as fol¬
lows: $15,006 in 1947 to 1962,
and $10,000 in 1963.
Dated April 1, 1946. Denomina¬
tion $1,000.
Principal and inter¬
CountyTreas¬
est payable at; the
urer's office:
The
bonds bid for
on
each
issue,
pay¬
able to the 'Chairman Board of
in 1975.
Bonds maturing on or
Supervisors.
/prior to March 1, 1951, shall not
be subject to redemption.
Bonds
Sacramento, Cal.
/maturing on or after March 1, C Bond Sale—The municipal im¬
1952, may be redeemed, in whole provement of 1945, series A bonds
or in part,
at the option of the amounting to $2,680,000 and of¬
Department, on March 1, 1949, or fered for sale on Feb.. 19—v. 163,
on
ahy interest payment date p. 950—were awarded to a
syndi¬
#
,
at
a
Z redemption price with respect to
each such redeemable bond equal
to 100 JA% of the principal amount
thereof, plus
of 1% of such
principal amount for each twelve
months' period or fraction
thereof,
from the date of redemption to
th6
maturity date of such
but not, exceeding
103%
The
—
has
.
consideration
under
a
proposal calling for the isuance of
$7,000,000 bonds for a country¬
wide school building purposes.'
Haines
Bond
Call—R.
E.
sale
the
recently
Harris
Arr issue
of
$225,000 garbage
disposal bonds also
offered recently was awarded to
and
refuse
the Northern Trust Co., and John
& Co.* both of Chicago,
Keagle, City
jointly,
as
Is, at
a
and
terest J-D.
announces that series A, B
C
refunding bonds, dated
April 1, 1938, in denominations of
$1,000 and $500, and maturing
April 1, 1968, have been called for
payment on April 1.
Said bonds
will be redeemed at par plus ac¬
interest, evidenced by cou¬
pons due on date called, upon
presentation of said bonds with all
subsequent unmatured coupons at¬
tached,at thd Guaranty Trust Co.,
Interest ceases
date called.
price of 100.799,
net interest cost of
a
on
&
Savings
Bank, of Chicago, and the Illinois
National Bank & Trust Co., of
Rockford, jointly, at a price of
100.288, a net interest cost of
0.8548%, as follows: for $300,000
maturing $25,000 Dec.,1, 1947 to
1958 as 3As, and $150,000 matur¬
ing $25,000 Dec. 1, 1959 to 1964 as
Is. Interest J-D.'
Clerk;
New York City.
awarded
were
Trust
Nuveen
City, Fla.
Palm Beach County (P.
O. West
Palm. Beach), Fla.
r
Bond
Election—At
to be held
an
election
on
March 19 the voters
will consider
the following bond
issues: $450,000 property purchase
and $400,000 park development
improvement.
;
Bankers Trust
:: '
The sale consisted of the follow¬
ing issues:
,
tuberculosis sanitarium
bonds.
Due $25,000 Dec. 1,
^1947 to 1964.
225,000 garbage and refuse dispo¬
sal bonds.
Due $12,500 Dec. 1,
$450,000
1947 to 1964.
ft Dated Nov. 1, 1945.
t Denomina¬
tions $1,000 and $500.
These are
the bonds authorized at the elec¬
..
on Nov. 20, 1945.
Prin- '
cipal and interest payable at the
City Treasurer's office. Said bonds
will be payable to bearer, but sub¬
ject to registration as to principal
only in the name of the holder in
the office of the City Treasurer.
The
bonds
will
be full faith
and
Stuart, Fla.
Refunding Almost Completed
able from
all
the
an
ad valorem tkx upon
taxable
property' of the
City without limitation as to rate
amount.:; The City will furnish
Beach, report: that only $10,000
the approving opinion of Chap¬
bonds of total involved have not
man & Cutler, of Chicago, without
as yet/ been exchanged pursuant
cost to the successful bidder, y
to the debt composition program
INDIANA
approved by, the United States
J *
'
or
District Court in
September, 1942.
Portage Township School TownDebt outstanding in June,. 1941,
ii'in^.ghip::(P. O, Gary), Ind, - '
consisted of $676,500 of bonds and
t Bond
Offering — Clifford :F.
$379,203 in past due interest
Prentice, Trustee, will receive
•
.
sealed bids until 8 p.m. on
GEORGIA
Georgia State Hospital Authority,
Georgia
Bonds. Called
—
Trust
Officer
William Matthews, of The Fulton
March
1 'for the purchase of $15,000
school bonds, not exceeding AVz% y
interest. Dated Jan. 1, 1946. De¬
nomination
$1,000. Due $2,000
Co.,
National
v-
-
n
&
Co.,
Salmon Bros.
York,
&
Portland, Wisconsin
waukee, and J. M. Dain
&
Co;, of
Minneapolis, at a price of 101.16, a
net interest cost of
0.917%, as fol-
bond,
of such lows: for $540,000
maturing $135,-
■
'
Francis I. duPont &
Co.,
William D. James &
■:
date
;
in
- &'0 y
$270,000, 5s, $675,000,
%s, and $1,735,000, Is—100.09
(Net interest cost 1.0085%.)
For
.
High'
(P. O. Modesto), Cal.
Bond Sale
—•
The school bonds
dicate composed of Halsey, Stuart
&
Co., C. F. Childs & Co., of Chi¬
Milwaukee Co., of Milwau¬
kee, and Thomas Kemp & Co., of
Los Angeles, at a price of 100.005,
a net
interest cost of 1.126%, as
cago,
-
of
thereof
between
the
redemption and the date
maturity thereof (provided that
no
event shall such premium
£kdged
jointly,
Sch. Dist.
of
•
Co.,
Stanislaus Coitnty, Modesto
fraction
or
Co., Chicago,
Lawson, Levy & Williams,
Robert Winthrop &
Co., and
Chicago, R. H.. amounting to $750,000 : and of¬
Los Angeles, fered for sale on Feb. 11—v. 163,
Hutzler, of New p. 703—were awarded to a syn¬
Bank, of
Co., of Mil¬
for
„
of
First: National
calls
-
,
.
cate composed of the Harris Trust
& Savings Bank, of
Moulton
•
0.9248%. In¬
credit obligations of the City, pay¬
Thomas M. Cook & Co., West Palm
•
thereafter prior to maturity,
Considered
County Board of Public Instruc¬
to
Illinois
.
for the purchase of the follow¬
$525,000
Due
Florida
Bond Issue
Bond Sale—The $450,000 tuber¬
sanitarium bonds offered
:
par and accrued interest. Enclose
a certified
check for 5% of the
4
£946.
Dated March 1, 1946.
County (P. O. Jacksonville),
Rockford, III.
■
■
bonds will be
sold for: cash only at not less than
sealed bids until 10
ing
1, as follows: $440,000 in
1947, $450,000 in 1948, $455,000 in
1949, $465,000 in 1950, $480,000 in
1951, $495,00 in 1952, $515,00 in
1953, $535,000 in 1954, $555,000 in
1955, $580,000 in 1956, $605,000 in
1957, $635,000 in 1958, $670,000 in
1959, $700,000 in 1960, $730,000 in
1961, $750,000 in 1962, $775,000 in
1963, $765,000 in 1964, $775,000 in
1965, $785,000 in 1966, $800,000 in
1967, $805,000 in 1968, $820,000 in
1969, $835,000 in 1970, $845,000 in
1971, $860,000 in 1972, $870,000 in
1973, $880,000 in 1974, and $895,000
FLORIDA
Duval
(Net interest cost .938%.)
! Bond Offering-~G. A. PequeNew York,
of Ignat, County Clerk, will receive Smith, Barney & Co.,
10
&
>;
Jan. and $1,000 July 1, 1948, and
Bank, Trustee, Atlanta,
$1,000 Jan, and July 1, 1949 ; to
payment on March 1,
1954.
Rate of interest to i>e in
State Hospital Authority of Geor¬
multiples of V\ of 1% and not
Mercantile-Commerce Bank
gia
334%
Revenue
Refunding more than one rate shall be named
& Trust Co.. St. Louis,
bonds Nos. 379 to 2,390, aggregat¬
by each, bidder. No bids for less
Schwabacher & Co.,
ing $2,012,000, and constituting all than
par and
accrued interest.
R. S. Dickson & Co.,
the outstanding bonds of an issue Enclose a certified check for
$500,
Laidlaw & Co., and
of $2,390,000, except $59,000 ma¬
payable to the School Township.
McDonald-Moore & Co.,
turing Sept. J; 1946, and $61,000
jointly,
v
*
Rush County (P. O. Rushville),
maturing Sept., 1, 1947.
i For $405,000, 3%s, $945,i
Indiana
V:
The bonds are dated Sept. 1,
000, 3As, and $1,330,000,
1940. Due. Sept, 1,1948 to 1968.
Bond Offering—Meril S.: Ball,
Is
-.100.041
Payment of (a) the principal 'County Auditor, will receive seal(Net interest,cost 1.00633%.)
amount of said bonds so called for ed bids until; 10 a.m. on Feb, 26
National City Bank,
: redemption,
(b) the interest ac- for the purchase of $390,000 coun¬
New: York,
.crued thereon to the date desig¬ ty hospital bonds, not exceeding
Mellon Securities Corp.,
nated for such redemption, and 2% interest. Dated March 1, 1946.
Schpellkopf, Hutton &
(c) a premium of 3A of 1% of the Denomination $1,000. These bonds
Pomeroy,principal amount of each of said are due $10,000 July 1, 1947, Jan.
Stroud & Co.,
bonds for each 12-month period and July 1, 1948 to 1960, and $15,-
J Riverside), Cal.
the
Department
Power, will receive
from
ILLINOIS
for
jointly,
For $2,680,000, Is—- ,.100,171
passage.
Riverside County Sch. Dists. (P. O.
said
on
accrue
Is.
as
1, 1946.
Savings Bank, Chicago,
Weeden & Co., and Hannaford &
Talbot, offered 100.044 for $60,000
5s, $450,000 Is, and $240,000 V/iS,
making a net cost of 1.166%.
and
and Interest Require-,
be obtained on oF
about .Feb. 25, 1946, f from the (Net interest cost .979%.)
Auditor of
the
Department of First National Bank,
Water and Power or from Wood,
Chicago,
i * ■ *.
Hoffman, King & Dawson, of New Halsey, Stuart & Co.,
York.
Bank of. America National
Trust & Savings AssociaJ
Orange, Cal.
tion, San Francisco,
Bonds Defeatedr^-Although 943,
flyPhelps, Fenn & Co.,
votes were cast in favor and only
fvmr
Estabrook & CO.;
594 in opposition at the Feb. 5
First of Michigan Corp.,
election, the proposed issue of
and
$100,000 library bonds failed to
Thomas Kemp & Co., receive the
ments,"
1971
to
cease
culosis
jointly,
For $405,000,4V4s, $1,350,000, 34s, and $925,000; Is-IOO.da
"
to
Dated Feb.
will
after date called.
Trust
Trust Co., Salt Lake City,
sale of said bonds,; proposal forms,
and a, form entitled "Schedule of
1952
Interest
coupons.
bonds
and
Denomination $1,000.
A group composed of American
Trust Co., Los Angeles, Harris
;
connection with the
1,
Interest F-A.
Continental National Bank &
in
Feb.
000
such
tion held
York, ;:;?'•/:>/A..
/ '
Lazard Freres & Co.,
Seattle-First National Bank,
Seattle,
A. G. Becker & Co., and
issued
$150,000 maturing
1, 1947 to 1951 as
3^8, and $600,000 maturing $30,-
Bank,
New
ditions under which such bonds
will be issued and sold, and under
For
Feb.
crued
Heller, Bruce & Co.,
jointly,
'
For $2,680,000, ls_-__
100.223
(Net interest cost .9779%.)
proposal, blanks provided by the
Department. Copies of the resolu¬
tion authorizing; this invitation for
proposals for the purchase of such
time*) on March 5 for the purchase
pf $19,750,000 electric plant re¬
funding revenue bonds, issue of
;
Corp.,
pro¬
Offering—Clyde Errett,
sealed bids until
March
First Boston
au-
Harriman Ripley & Co., Inc.,
; Weeden & Co.,
posals, and must be submitted on,
R. W. Pressprich & Co., and
or in substantial accordance with,
Los Angeles, Cal.
;
referred to,
be
from 1963 to 1966 inclusive.
Beverly
hereinafter
thorizing this invitation for
$30,000
tion
Goldman, Sachs .& Co.,
Union Securities C'orp;,
75% of the largest thereof; i£New York,
Banks of said State for such certi- Stone & Webster Securities
than
conditions set forth in the resolu¬
follows:
000 Jan. and
July 1, 1961 to 1964.
Rate of interest to be in
of
one
multiples
of 1 %, and not more than
rate shall be named by each
principal bidder. Said bonds will be awarded
amount), will be made on or after to the highest bidder who has duly
March 1, 1946, on surrender of qualified and submitted a bid 4n
Said - bonds accompanied,
unless accordance with the terms of the
registered as to both principal and notice of sale. The highest bidder
interest, by all Sept. 1, 1946, and will be the one who offers the
subsequent coupons at The Fulton lowest net interest cost to the
National Bank of Atlanta, or at County, to be determined by com¬
The New York Trust Company, in puting the total interest on all of
the City of New York. Bonds reg¬ the bonds to their maturities and
istered
7% %
as
of
such
to principal alone or as
to principal and interest should be
accompanied by a duly executed
assignment in blank of the regis¬
tered owner or his attorney. Cou¬
pons maturing March 1, 1946, and
prior thereto will be paid upon
the presentation and surrender of
deducting therefrom the premium
bid, if any. No bid for less than
the par value of said bonds, in¬
cluding accrued interest to the
date of delivery, at the rate named
in the bid, will be considered. Bids
to be on forms furnished by the
County. The bonds will be the di-
;
THE COMMERCIAL & FINANCIAL CHRONICLE;
1080
port, and Shaw, McDermott & Co.,
and Associates, as
reM
obligations of the county,
out
of
unlimited,
ad
valorem taxes to be levied and
of Des Moines,
payable
collected
l%s, at
bidder
The opinion
erty; in the County.
son
ity of the bonds, will be furnished
to
the successful bidder at the
a
basis
The next highest
was Paine, Webber, Jack¬
Curtis, for l%s, at a price
&
Ross, McCord, Ice & Miller, of
Indianapolis, approving the legal¬
cil of Veterans'
Feb.
of
of
due
The
highest bidder was Paine,
W ebber, Jackson &
Curtis, for
iy4s, at a price of 100.671.
bids
will
be
Scottsburg, Ind.- \
system bonds amounting to $18,000
election held
offered Feb.
utility revenue bonds
163, p. 951—were awarded
City Securities Corp., of
Indianapolis, as 2V2S, at a price of
15__v.
100.10,
follows:
the
at
Town, in whole or
T, 1951,
redemption;
*'
Pointe
,£iWashington Township School.
;
Offering—Hazel L. Pow¬
Secretary of Police Jury, will
until
bids
10
a.m.
18 for the purchase of
improvement
bonds
amounting to $400,000, not ex¬
receive
will
Trustee,
a.m.
ceeding 4% interest. Dated April
1, 1946. Denomination $1,000. Due
April 1, 1948 to 1966.
Payable
from the annual levy, and collec¬
March
on
12; for the purchase of $455,000
building bonds, not exceeding 3%
vinterest, i Dated.March
1946. tion 4 of an unlimited ad valorem
Denomination $1,000; Due; $11,000 tax on all taxable property with¬
July 1, 1947, $20,000 Jan. and $16,- in the corporate limits of the
000 July 1, 1948, $16,000 Jan. and
Parish. These bonds were author¬
July. 1, 1949 to 1956, $16,000 Jan. ized at an election held on Feb.
and $17,000 July 1, 1957, and $17,- 3, 1946. The approving opinion of
000 Jan. and July 1, 1958 to Jan
B. A. Campbell, of New Orleans,
J, 4961,
Rate of interest to be in will be furnished.
Enclose a cer¬
multiples
by each
.than
Y4
of
than
more
of
bidder.
and
par
.Said bonds
not
and
1%,
tified check for $4,000,
.he Parish.
rate shall be named
one
No
payable to
Shreveport, La.
interest.
Call—J, T. Tanner, City
of the School Township,
payable Secretary, announces that llk%
put of unlimited ad valorem, taxps' vater works revenue refunding
to be levied and collected
onj^Jl bonds, Nos. 115 to 303 and aggre¬
o~ the taxable
property within
gating $189,000, have been called
School Township.
The approving' for payment on April 1, and will
opinion of Ross, McCord, Ice & be redeemed, with all unmatured
Miller, of Indianapolis* wilt
coupons attached, upon presenta¬
direct obligations
ore
Bond
;
furnished to the successful bidder
tion
at; the
if New York. The bonds are dated
expense
of the
Township.
No conditional bids will be
.
sidered.
for;'
Enclose
$500,
a
payable
con¬
certified check
the
to
School
to
the
Chase
National Bank
April 1, 1941, in $1,000 denomina¬
tions, and mature on April 1 from
1946 to 1951 inclusive.
Maine
'v
Bond
Board
Election
of
Requested-^The
Supervisors
petitioned to
call
the
of
question
has
been
election on
an
issuing
$100,000
county hospital bonds.
Esterville School
Bond
sider
the
election
an
voters
will
issue of $219,000
construction bonds.
,
an
Madrid* Iowa
Bond Sale
con-
school
.
R.
L.
jointly,
Bonds Voted—An issue of
$45,-
100.0699,
0.6908%. Dated March
1, 1946.
Denomination $1,000. These bonds
due
on
he
election held
54s, at
Feb. 11.
'
Ottumwa School District, Iowa
To Consider Bond Sale—At
Board
of
March
Education
is
selling all
or
a
.
18
ex¬
part of the $800,-
thorized
at
the
Jan.
bonds
14
au¬
election.
The amount of bonds to be issued
will be governed
financial
able
aid
to
the extent of
on
be
made
avail¬
by the Federal government.
Consolidated
lower
.
-
163,
p.
705—were
on
Feb. 6—
awarded
to
Vieth, Duncan & Wood, of Daven¬
Chicago,
Bank
Co., St. Louis, jointly, for
price of 100.407.
a
Suggested-~^A
amilies," was made in an address
8,
by
Gov.
Horace -"A.
?eb.
Hildreth.
"If
•
'
Note
Sale
000
and
due
on
Governor
most
?ash
be
raised
$5,000..
Hildreth
bonus;
the
a
said
that
fund are a
trust fund similar
so-called
the
Nebraska
the income only to be
These
notes
are
ticipation of revenue for the year
1946.
Payable
at the National
Shawmut Bank in Boston.
Principal and inter¬
Treas¬
are
attacking the act's validity.
Pioneer ; Motors,
Inc., and Forclj
In
Johnson, both of Helena, had set
forth 22 separate contentions ot
invalidity and unconstitutionality,,
and asked! the high State! court; to •
declare the statute invalid and
is¬
said, bonds and
thereon are payable
principal
interest
of
Special
and
District Special-Sewer Dis¬
No. 10 for the retirement
in
trict
Second District,
Bids shall be conditioned
thereof.
notes
station
18
Feb.
—
The
offered for sale
awarded
were
on
Esta-
to
brook & Co., of Boston, as 3As, at
price of 100.45, a basis of about
a
MINNESOTA
bidder
was
March 1,
The next highest
1954.
to
1947
the
Second
National
Bank, Boston, for 34$, at a price
of
100,137.
Milford, Mass.
was
sold
on
discount of 0.39%.
Feb.
Due
12 at a
on Nov.
12, 1946.
sue
of construction bonds amount¬
ing to $13,000 will be
submitted
to the voters at an election to be
held early in March.
St* Louis Park, Minn.
Bonds Sold—The
bonds
reservoir
$100,000 water
mentioned
in
163, p. 116—have been pur¬
chased by an account composed of
v.,
Co., of St. Paul, Piper;
Jaffray & Hopwood, and C. S.
Ashmun & Co., both of Minneapo¬
lis, and Juran & Moody, of St.
Paul.
.
Traverse
Plymouth County (P. O.
Plymouth), Mass.
Note Sale—The $300,000
rary
(P. O. Holler), Minn.
Kalman &
Note Sale—An issue of $100,000
notes
7
y.
Sclyool District
Bond Election Planned—An is¬
0.65%. Dated March 1, 1946. These
notes are due $10,000 on
County (P. O. Wheaton),
Minn.
¬
notes offered for sale on Feb.
to the Middle-
19 were awarded
borough Trust Co., of Middleboro,
a discount of 0.37%. Dated Feb.
at
10
five to
from:
increased
be
cents
more
or
such
that
and
a
gallon-
increase would
an
be
"excessive, unreasonable, con¬
fiscatory and oppressive."
Asserting that gasoline taxes
would not be increased, the court
ed
—
R. Lf Johnson,
County Auditor, will receive seal¬
ed bids until 1:30 p.m. on
Feb. 26
the
that
act
unconstitu¬
was
tional because non-taxpaying vot*
ers were not permitted to vote in
the
special election
approved the
last June
$12,000,000
which
bond issue.
that
The court answered!
the
"if
question concerns
levy, debt or lia¬
bility," th'e State constitution pro¬
vides that the voter must be a
creation of any
taxpayer; •
r
*
Twenty other contentions of in¬
validity were all answered in the
18-page court opinion, and the re*^
quested writ of injunction wa$^
denied.
Listed
•
were:
as
defendants in the suit
the State Highway
Commis¬
sion; the State Board of Equalizai
tion, Gov. Sam Ford, State Treas¬
urer George P.
Porter, Secretary
of
Bond Offering
tempo¬
would
taxes
;
the unualifjed opinion of the pointed out in its opinion that the
purchaser's
attorney approving act called for repeal of the present
the legality of the bonds.
The tax as soon as outstanding bonds
cost of such opinion shall be paid .were repaid, and after that, a hew
by the purchaser of said bonds. five-cents-per-gallon tax would be
The City shall pay the; cost oi imposed to repay new bond issues*
printing the bonds.
The plaintiffs also had contend¬
No.
$80,000 fire
grant
a , permanent
injunction
against its effectiveness.
The plaintiffs contended, among
other things, that State gasoline
upon
Lexington, Mass.
Sale
Note
in
of highway
miles
the State in the next three years.
Section
the
of
improvement
' and
1,800
some
pursuant to the provisions of
243 of the' Charter, and
sued
Koochiching County
State
Sam
Mitchell, State
W.
Auditor John J. Holmes, and At- ■
torney-General R. V. Bottomly.
for the purchase of $44,000 not to
exceed 2% interest Judicial Ditch
NEBRASKA
V
Bartlett, Neb.
No. 16 drainage bonds. Dated Feb
.
-1
yy
.
Bond Sale—An issue of $20,00$
1,1946. Interest J-D. Denomina¬
tion $1,000.
Due Dec. 1, as fol¬ water bonds was awarded last
October to the Waehob-Bendet
lows: $4,000 in 1947 to 1952, and
Plymouth National Bank, Ply- $5,000 in 1953 to 1956. Principal Corp., of Omaha, at ZV2S, at par*
and interest payable at any suit¬ Dated Dec. 1, 1945. Denomination
mouthy at a rate of 0.38%.
able bank or trust company desig$1,000. Due Dec. 1, 1965; optional
1%
it
hated by the bidder; The approv¬ after 5 years.
H .'r
MICHIGAN
ing opinion of Dorsey, Column.
Fort Huron, Mich.
Barker, Scott & Barber; of Min¬
Bonds Sold-^-The issue of $7,500
Bond Offering—Earl Madill, Di¬ neapolis, will be furnished.
All
rector of Finance, will
receive bids must be unconditional. En¬ 4% airport bonds authorized at
an election in December has been
sealed bids until 2 p.m. (CST) on close a certified check! for $880,
sold.
Dated Jan. 1, 1946 and dun
March 5 for the purchase
to
of $1,-
Plan,
distributed;
the County Treasurer.
payable
600,000 not to exceed 2 p2% inter¬
est coupon garbage disposal and
sewer system revenue bonds.
1,
as
1953, $46,000
1955, $48,000
1957, $51,000
1959, $53,000
1961, $56,000
1963, $59,000
1965, $62,000
1967, $64,000
1969, $67,000
1971, $69,000
$73,000
1973,
of 2V2%
if redeemed
July 1, 1964;
redeemed
or
a
on
or
before
premium of 1%%
thereafter but
July 1, 1966;
a
on
or
premium of
if redeemed thereafter but
on
before July 1,
premium
after.-
1968, and with¬
if redeemed there¬
Princioal
and
interest
payable at the Michigan
National Bank' of Port Huron, or
at
the
Central
Hanover
Trust Co.. New York.
be
approved
Bark
by Miller, Canfield,
Paddock & Stone, of Detroit.
close
a
&
Legality to
En¬
certified check for $32,000.
Baker.
,
.
Montana
Highway
of $38,000
purchased
by Robert E. Schweser Co., of
Bonds Sold—An issue
1, 1946. Denomi¬
Bond Sale—The $225,000 indus¬
and $1,600.
Due trial plant bonds offered for sale
follows:
$39,000 in on Feb. 5—v. 163, p. 363—were
in 1950, $43,000 in awarded to C. H. Little & Co., of
in 1952, $45,000 in Jackson. Dated at some mutually
in 1954, $47,000 in Satisfactory date. Denomination
in 1956, $49,000 in $1,000.
Issued under the provi¬
in 1958, $52,000 in sions of Chapter 241 of the Laws
in 1960, $55,000 in of Mississippi, 1944.
in 1962, $58,000 in
MONTANA
in 1964, $60,000 in
in 1966, $63,000 in
Ekalakd, Mpnt.
in 1968, $66,000 in
Bonds Purchased—An issue of
in 1970, $68,000 in
2% water system bonds amount¬
in 1972, $71,000 in
in 1974, $75,000 in ing to $15,000! was purchased re¬
cently by the Bank of Baker, oi
1975, and $76,000 in 1976. v Bonds
maturing 1949 to 1961, inclusive,
are non-callable.
Bonds maturing
in the years 1962 to 1976, inclu¬
sive, will be redeemable at the
pption of the City, in inverse nu¬
merical order, on any interest date
on or after July 1,1961, at par and
accrued interest plus a premium
1%
Hayes Center, Neb,
Louisville, Miss.
March
1949, $41,000
1951, $44,000
in 10 years.
MISSISSIPPI
$1,000
(M-S)
commonly considered
distributing
:or
to
bond issue,"' he said.
ilans
■0
have
awarded to the Sec¬
Nov. 8, 1946. Issued in an¬
out
veterans'
amount of
would
on
discount of ; 0.40 %., Dated Feb. 19,
1946. Denominations $25,000, $10,-
)f
benefits
tem¬
were
19
before
we
suitable
Rate of interest to be in multiples
First
The $400,000
—
Feb.
use for this purpose th£
post-war public reserve
:und of nearly $2,000,000, the bulk
a
2s.
Ypsilanti, for 2s,,.
.
'
.
Dated Feb. 1, 1946.
Denomina¬
tions $1,000 and $500. Tliese bonds
are due $6,450 Feb. 1, 1947 to 1951.
levied
notes offered for sale
if
rnesent
Dist.,
Bond Sale—The $108,000 school
bonds offered for sale
v.
Sch.
'
Co.,
was
proposal that Maine raise $5,000,)00 to $10,000,000 "for veteian^'
benefits or benefits to veteran^'
)y a
Ruthven
Trust
Bonus Bond Issue
pected to take action in the matter
000 school construction
highest bidder
Mercantile-Commerce
& Trust
the
March 1, from 1947 to
Northern
nd
community hall and city hall
bonds was favorably voted at the
meeting scheduled for
Day & Co., of Boston,
0.70s, at a price of
a net interest cost of
as
1960. The next
•
The Waldo-JIan-
—were
awarded
to
the
Harris
Trust & Savings Bank, of
Chicago,
are
000
on
:
as
highest
the National Baiik of
was
the
its
makes
porary
March
(State of)
—
next
Sewer Districts Nos. 9 and 11,
nations
cock
bridge
refunding
bonds
amounting to $600,000 and offered
for sale on Feb. 19—v.
163, p. 951
and
District, Iowa
Election—At
March 11
on
Legislative
Everett, Mass.
Dated
MAINE
'
State
the
Committee
MASSACHUSETTS
Township.
Cass County (P. O. Atlantic), Iowa
bidder
The
12, 1946.: Denomination $25,000.
These notes are due on Nov. 15,
1946. The next highest bidder was
bids for less
accrued
the pro¬
ond National Bank of Boston, at a
public
-Bond Offering-^Ross A. Smith,
sealed bids until 10
study
recommendations.
be held
to
March
on
Indiana
Township
must
before
con¬
the
receive sealed
Township (P* O. Indianapolis),
'
ing
Research
1
ers,
"
themselves
posals and be given adequate hear¬
Coupee Parish (P. O. New
Roads), La.
'
Bond
**
'
the
F-A.
est: payable at the City
urer's office.
The bonds
Equitable Secur¬
ities Corp.
Dated Feb. 1, 1946.
Denomination $1,000. These bonds
are due on Feb. 1, from 1947 to
1966, The next highest bidder was
White* Hattier & Sanford.
provided notice of such redemp¬
tion be given at least 30 days prior
to the date fixed for such redemp¬
.
amendment before
Ypsilanti Savings Bank,
Interest
solely from the special assessments
•
awarded to
thereafter prior to maturity;; plus
in each case accrued interest to
tion.
\
offered
the Governor added that veterans
—
„Oir6n 01* before Jan. 1, 1956; 3% if
on
redeemed
July 1, 1956, or
for
'
bonds
of Vi of 1 %.
Bond Sale
The $65,000 im¬
provement bonds offered for sale
on .Feb. 13—v. 163, p. 362—were
in inverse numer¬
order, at face value, together
with the following premiums: 5%
if
redeemed
on
July
1, 1951,
fixed
struction
the
,
Acadia Parish Road Dist. No. 6 (P.
O. Crowley), La.
date thereafter,
date
the
or a com¬
bonus!! and
or
s^wer
people at the September election,
LOUISIANA
option Of the
in part, on July
ical
the
Feb. 27.
on
interest payment
any
or
Federal-aid program for con¬
bonds
at the election
voters
$5,000 in 1951 to 1957, and $6,000
in 1958, to 1961.
Bonds maturing
on-1 and after July 1,1952, are re-;
deemable
stitutional
amounting; to
$75,000 will be submitted to the
1950,
to
cash
post¬
more
war
Disclosing that a special session
the State Legislature may be
necessary to put the needed con¬
19, 1945.
Bond Election—An issue of
struction
July 1, as
1947
in
$4,000
Dec.
on
the
at
Affairs;
a
Nebraska ;Plan
$40,000,000
than
the
for sale recently were awarded to
assessment
School District, Iowa
2.49%.
about
of
basis
a
These bonds are due on
voted
The opinion cleared the way for
ypsilanti, Mich.-!;■■*/
Sale—The, $32,250 special provision of, Montana's share in
Bond
of
Sidney Consolidated Independent
the
to
favorably
was
of
the
revolving fund.
Charles, Iowa
Bonds Voted—An issue of water
electric
•
•
either
St.
y/y
Bond Sale—The $75,000
■.'
1, 1946. These bonds are
Nov. 1, from 1947 to 1965.
bination
next
of the County,
ditional
M-NV Dated
100.671. •: Interest
on
No con¬
considered.
Enclose a certified check for 3%
of the bonds bid for, payable to
the. Board of Commissioners.
expense
...
price of 100.672,
a
of about 1.68%.
all the taxable prop¬
on
revolving fund, allowing distri¬
principal as well as
the income, such as the $5,000,000
fund proposed by the Maine Coun¬
a
bution of the
Monday, February 25, 1946
been
water bonds has
Omaha.
'
Neb.
Bonds Sold—An issue of $25,000
2% funding bonds, authorized by
the voters
last December, has
been sold. Dated Jan,
1, 1946.
Morrill School District,
Due Jan. 1, 1956;
1951. Interest J-J.
optional Jan. 1,
NEW JERSEY
Township Sch. Dist,
Chatham
(P. O.
Bonds
struction
^
$150,000
(State of)
amounting to
favorably voted at
These
placed on the mar¬
bonds
was
the election
Debentures Upheld
of
Montana's
Chatham), N. J.
Voted—An issue of con¬
held on Feb, 13.
Constitutionality
bonds will be
Act, au¬
thorizing the State Highway Com¬
mission
to
issue
$12,000,000 in
treasury debenture bonds for post¬
war highway construction and im¬
ket in the near future.
1945
Highway Debenture
Fort
Lee,
N. J.
Collections—Minutes of the
11 meeting of the State Fund¬
Tax
Feb.
included the fol¬
ing Commission
provement, was unanimously up¬
held, Feb. 6, by the Montana Su¬
preme Court.
;
"We find no reason for con¬
information with respect
to tax collections by the borough
up to Jan. 31:
y!V:V!
Collections of 1946 taxes to date
demning the act in question, or for
amount to $76,688.10 or 12.95% of
restraining the issuance and sale
the 1945 levy of $591,846.25.
Col¬
of the debentures or the collection
lections of 1945 taxes for a similar
of taxes," the high State tribunal
period were $71,498.68 or 11.84%.
declared in an opinion preparer
of the 1944 levy Of $604,044.39.
by Chief Justice Howard A, John¬
son.
and concurred in by
Justices
Claude
R. Adair, Albert
F.
Associate
Hugh
Morris,
H. Angstman and
lowing
:
of 1945 taxes
$521,170.75 or •
88.19% of the 1945 levy of $591,Total
now
collections
amount
b^ib.zo.
to
y-
.
-i
Volume
Total
Number
163
collections
amount
now
92.30%
825.45.
of
to
THE COMMERCIAL & FINANCIAL
CHRONICLE
4467
1944
taxes
$559,170.75
'
(
Total
collections
amount
now
of
1943
.
taxes
to
$526,124.42 or
90.32% of the 1943 lexy of $582,-
Refunding
said bonds
N.J. •
Agents—
Article
Collections
pledged
of
Tax
Liens
Un¬
Bailey, Dwyer & Co.,
Jersey City, will act as agents for
the city in the refunding of $1,281,000 of' outstanding 4% bonds
on a 3% rate basis.
The new re¬
1946
to< Jan. ,31st
amounted to nothing as compared
with nothing collected during a
similar period in 1945.
.
.
Collections of Assessments: Re¬
ceivable 1/ in
1946 to Jan. 31st
amounted to nothing as compared
with
$56.06 collected during a
similar period in 1945.
Assessment Liens
$258.30*
These, funds will be paid to the
Liquidating Board in February.
Long Beach Township (P. O, Brant
Beach), N. J.
Bond
SaleThe
^foorids offered for sale
Feb. 19
on
'—v.
163, p. 826—were awarded To
Boland, Saffin & Co., of New
'York, as 2s, at a price of 100.24, a
basis of about 1.96%.
li
Dated Feb.
1946.
Denomination
$1,000.
These bonds are due on Feb. 1,
from 1947 to I960; The next high¬
est
bidder
M. M. Freeman
was
;Co.f for 2%s, at
The only other bidder was E. H.
Jtollins & Sons, for 3s; at a price
Consolidation of Boroughs Ef¬
fective—The minutes of the Feb.
T1 meeting Of the State Funding
-
fCk)mmission set forth the follow^
pe:.
,
1970
to
The
inclusive.
'
Cape May With the Township of
Lower. The operations of the con¬
solidated muicipality from June
25, 1945 to Dec. 31, 1945 worked
very satisfactorily. Tax col¬
lection percentage of the consoli¬
dated units was 67.18%, with a
percentage of 85.31 for the origin¬
al township; 11.99% for the North
out
Cape May area, and 22.41 for the
South Cape May area. The results
Indicate that the Township can
Operate for the year 1946 with an
tax rate of approxi¬
estimated
mately $4.55 as compared to a
$4.66 tax rate in '1945. The inter¬
esting part of this is that the Low¬
er Township tax rate Will
apply
to the North and South Cape May
areas
as
well,
the
as
original
Township and the results should
Stimulate tax payments in the first
mentioned
areas due to- the fact
that both Boroughs had very high
tax rates in prior years.
The' Local
Government
expressed itself
as
Board
being well sat¬
isfied with the results of the
con¬
solidation and felt that all officials
concerned were entitled to com¬
The work of Mr. Mc¬
Donnell in the preparation of the
mendation.
financial statement
was
subject to
favorable comment.
tion of the
The prepara¬
consolidated financial
Statement involved many complex
and unusual problems and the fact
that
statement was prepared
early date and a budget
made ready for Township approv¬
at
al
the
an
on
Jan. 28 reflected
passing credit
more
than
the work of
the Division representative.
upon
Milburn Sch. Dist., N. J.
Bonds Voted
—
At
an
election
roh Feb. 13 the voters approved an
issue
of
$125,000 athletic field
bonds.
-
...
100.09,
National
Bank
of
White¬
1951 inclusive,
of
bonds
sufficient
■
-
&
,
1
1
cost
Franklin
Port of New York
Square,
as
basis
a
Is, at
of
a
price of 100.071,
about
0.986%.
Dated
Feb. V1946. Denomination $1,000,
Sherwood & Co.,
R.
to
complete the program
which they initiated some months
ago.
It was also disclosed that
the City Commissioners desire to
abandon
an
earlier
ordinance
which: called for the issuance of
con¬
bonds
amounting
to
$950,000 was favorably voted at
1956
inclusive.
Mineola.
Bidder to
name
The bonds are general
obligations
of the village, pay¬
able from unlimited ad valorem
gj
&
Depew, N. Y.
Heckler of New York
certified
to
premium
check for
order
of
"
quired.
the
City. A
$940,':ph^aible
village,
|| *4 f-. 11 '5K
is
re¬
at
the
are
Manufacturers
State
of
among
New
others,
Statutes
as
2s,
Interest
J-D.
Dated Dec. 1, 1945. Denom,
$500;
for $350. These bonds are due
on Dec. 1, from 1946 to 1951,
one
New York
City Housing Authority,
New York
&
Co., of Buffalo. Said
issued pursuant to the
Constitution and
of the
York, including
Village Law
the
and the Local Finance Law, for
the purpose of paying the cost of
Notes
notes
Sold
The
—
$17,450,000
offered Feb,
14 — v. 163,
p. 826—were awarded to a syn¬
dicate composed of the Chemical
Bank & Trust Co., New York
Trust Co., and Brown Bros. Harriman & Co.; all of New
York, at
law has been adopted pursuant to
the provisions of Section 33 or
1,650,000
1,600,000
1,600,000
1,600,000
170 of the Local Finance Law
1,700,000 Ninth Series.
said bonds-are to be issued is the
Village Law. No applicable local
or
pursuant to Chap, 780 of the Laws
prior to
delivery of the bonds the income
received by
bonds of the
private holders from
type and char¬
acter shall be taxable by the terms
of/any Federal income tax law,
same
the
successful bidder may, at his
election, be relieved of his obliga¬
tions
under
the
contract
to
chase the bonds and in such
pur¬
case
the deposit
accompanying his bid
will be returned. Provision has
been made for the
necessary down
payment
as
required
by
Section
107 of the Local Finance Law. The
procedure
for
the
of
are
not
until
1986,
the
the
redemption schedule
sinking fund.,
;l
previous
interest
cost on Port Authority long-term
borrowing
was
established
in
April, 1945, when an issue of
$12,000,000 iy2s, maturing in 1985,
The
lowest
,
was
Co.;
sold to
Blyth & Co. account
a
terms which reduced the actual
on
par, which
contrasts
with
the
reoffering
price of 98.25 set for the current
Becker & Co., Chas. E.
Weigold &
Co., all of New York, Equitable
Securities Corp., Alex. Brown &
Sons, of Baltimore, Geo. B. Gib¬
bons & Co., Inc., Dominick &
Dominck, Baker, Weeks & Hardin,
all of New York, R. H. Moulton &
award.
1,1946, due March
1/ 1986. The First Installment of
the Eleventh Series
$1,663,000 for the
purpose of providing funds
tor re¬
pay to the State of New York' the
&
Stubbs, of Boston, Eldredge &
Co., of New York, J. S. Rippel &
State
of.
1944, under which the Port'Authority Grain Terminal was trans¬
ferred
to the Authority by'!the
State, and to make the other pay¬
ments
to
the
State
for
which
provision is made in said statute.
The Second Installment is author¬
both of New
York, Stern Bros. &
Co., of Kansas City, E. M. Newton
& Co., of
Boston, Illinois Co., of
Chicago, R.^S. Dickson & Co., of
Charlotte, First of Michigan Corp.,
&
advance, pursuant to Chap¬
ter 410 of the Laws of New York
of
Newark, Hannahs, Ballin
& Lee, Riter &
Co., Bacon, Stev¬
enson &
Co., Gregory & Son; all
of New York,
Hayden, Miller &
Co., of Cleveland, Field, Richards
& Co., of
Cincinnati, Boland, Saf¬
fin & Co.,
Minsch, Monell & Co.,
of
authorized
is
in the amount of
Co., of Los Angeles, Yarnall & Co.,
of Philadelphia,
Whiting, Weeks
Co.
1
Dated March
ized in the amount of
$17,537,000
to
provide funds for the refunding
outstanding Series H notes; for
a capital
improvement to the Fort
Authority Grain Terminal at' Goof
New York,
Farwell, Chapman
Co., of Chicago," "MilWaukee Co.,
wanus
Bay in*1 Brooklyn and for
a
Milwaukee, McDonald & Co., of capital improvement to the Hol¬
land Tunnel.
/ "
"
Cleveland, H. L. Allen & Co., of
Interest, payable March 'and
New York, and
Heller, Bruce &
Co., San Francisco, as l%s,, at a Sept. 1, at the rate specified by the
price of 97.30, a net interest cost purchaser on original issue. Cou¬
of
.
(
of
1.358%, for
average life of
an
25 years.
for
a
the
record low interest
$18,757,000
and
refunding
series, awarded
bonds,
general
eleventh
Feb.
on
19
to
a
syndicate headed by B|yth & Co.,
Inc., New York.. The group, out¬
bidding three other accounts which
sought the loan, purchased the
pon bonds, fegisterable as to prin-
;pl£hl alone;
or as to
idhd interest and if
validation,
of
.
Fifth Series.
Sixth Series.
Seventh Series,
Eighth Series.
bonds of any denomination, cohr
into like bonds of other
the
low
new
nancing
cost
but,
Chairman
on
in
Howard
also establishes
lar
maturities
v
opinion
S.
any
be
of
/
.
•
.
New York
Legislation
"
Introduced
.
—
i
Com¬
panion bills have been introduced
in
both
branches
Legislature
lishment
by
of
adding
of
providing
the
new
above
the
for
estab¬
authority
sections
875 to 893 to the
State
to
Nos.
Public Author¬
ities law. The authority would be
issue up to $60,000,000 bonds to finance construc¬
tion, operate and maintain whole¬
sale produce markets in the city
empowered
to
1
of simi¬
authority
on
are
award. The offer¬
not
redeemable
Eleventh
will
El
be
even
sufficient
th
to
Ser ijes
retire (all
bonds
,
by
maturity.
Exempt, in the opinion of Gen¬
Counsel and Bond Counsel,
under
the
Constitution
of > the-'
eral
United
States, gs now in force,
and all taxation (except
from any
,pri°r to- March 1, 1951.
*
the
'
ing,! price to investors was 98.25
and
,j;heubonds mature March 1,
and
for
bonds.
commencing in 1950 at a rate or
rates which on a cumulative basis
succeeded
in disposing of all but
$7,254,000
bpftds of the new issue of $18,757,-
1§86»
the
Subject to1 this
limitation, redeemable in whole
or in part, at the option of tho
Authority, on interest payment
dates, at 101 beginning on Maych
1, 1951, and thereafter on or be¬
fore Sept. 1, I960; at 100% there¬
after and on or before Sept., I,
1965; and at 100 thereafter to
maturity. •.
v
'
'
Payments will be made into-the
Eleventh
Series
Sinking Fund
or revenue bonds.
Thus the New
York-New Jersey agency appears
underwriters
established
Series
Cullman,
record
a
of'
a
Authority fi¬
the
denominations in
same
on
average life of 25 years.
The terms not Only reflected
•tfen4ay,of the
New York City Market Authority,,
•
aggregate principal amount.
Subject to redemption, prior to
March 1, 1956, only through/the
operation of the Sinking Fund to
Authority of 1.358%, based
authorized
an
OQQ before the close of business
1*700,000 Tenth Series.
1,700,000Eleventh Series.
so
coupon
vertible
sociated
t
into
bonds as 1 y4S, at a price of
97.30,
representing a net interest cost to
,
,
both principal
registered,
bonds.
Denominations: Unregistered bonds
ana oonds registered as to prin¬
cipal only, $1,000. Bonds fully
registered as to both principal and
interest, $1,000, $5,000 and multi¬
ples of $5,000.
Fully registered
riihvertible
interest.
The
notes
are
purchasing street equipment for 0.54%
to have achieved, at the present
the Village, the period of probable dated Feb. 27, 1946, mature on
Feb. 27, 1947, and consist of the time, a pre-eminent position in
usefulness of such equipment be¬
the revenue bond market.
ing five years. The Village op- following:
Moreover, a comparable tribute
;
erates under the Village Law of $1,500,000 First Series.
to the soundness and' attractive¬
1,500,000 Second Series.
the State. The 'statutory authority
ness
of the agency's
obligations
1,400,000 Third Series.
for the power to spend money for
from investors was evidenced in
1,500,000 Fourth Series.
the obj ect or purpose for which
the fact that Blyth & Co. and as¬
of 1944. In the event that
bonds
Moseley & Co., R. W. Press-; interest average to 1.53%. This
prich & Co.; L. F. Rothschild &
offering was speedily placed witn
Co., Hemphill, Noyes & Co., A. G. investors at a
price of
Cost
Bond Sale—The
Warwick,
Feb.
15, 1946. Denom.
$500. Due Feb. 15, as follows: $1,500 in 1947, and $2,000 in 1948 to
1951; Principal and interest pay¬
bonds
the
set forth in the
F. S.
1
Montgomery, N. Y.
of
Co., Buffalo.
Traders Trust
|;
,
mature
.
view
Goldman,
The Port of New York Author¬
$2,850 building
$8.50, equal to 100.089, a basis of
bonds offered for sale on Feb. 8
about 1,07%. Second high bid of
—v.
163, p. 706—were awarded to
100.11
for 114s was made by
the Warwick Savings Bank, of
Manufacturers & Traders Trust
able
to
was
Sachs & Co., Paine, Webber, Jackson &
Curtis, Harris, Hall &
ity achieved
Marine Trust Co., oi Buffalo,; as
Dated
of
determining the net interest cost
mutually agreed upon by the
contesting groups as 25 years, in
Authority, N. Y.
Corp.,
offer
-
taxes, and will be approved as
to legality by
Vandewater/ Sykes
NEW YORK
a
100.14
single rate of interest, expressed
a multiple of %4 or l/10th of
1 %.
Principal and interest pay¬
able at the First - National Bank,
Feb. 11; the town's
permission to use
$150,000 of the Dec. 31, 1945, cash
surplus of $318,344.99 in the 1946
plus
100.23
VA %
in
on
par
1.20%
a
request *: for
at
Co.____
Co., Buffalo
100.27
inclusive, and $5,000 from 1950 to
Use of Surplus Funds Approved
-L-The State Funding Commission
1.10s,
1.20%
Interest M-S. Due March 1, as
follows: $4,000 from 1947 to 1949
the election held on Feb. 13.
,
&
jointly...
Mineola, N. Y.
Bond
Offering — Dwight
G.
Hunt, Village Treasurer, will re¬
ceive /sealed J bids: until 4 p.m.
(EST) on Feb. 26 for the purchase
of $47,000 not to exceed 5% in¬
terest coupon or registered gen¬
eral improvement bonds,
Dated
March 1, 1946.
Denom. $1,000;
Union School District, N. J.
approved
Johnson
Marine Trust
series II and III bonds.
struction '
H.
Securities
Final
life of the loan for the purpose of
100.39
fered for sale on Feb. 19—v. 163,
p. 953—were awarded to a syndi¬
cate composed of Blyth & Co.,
Phelps, Fenn & Co., Stone & Web¬
ster
1.406%.
Although
funding,
eleventh
series
bonds
amounting to $18,757,000 and of¬
Bond Sale—The $38,000 fire
ap¬
paratus bonds offered for sale on
Feb.
15—v.
163, p. 826—-Were
awarded to the Franklin
Square
National
Bank,
of
Franklin
of
slated
100.57
Bond Sale—The general and re¬
Square), N, Y.
third
Associates.
F.
c;
in
was
net cost of
Bid
.
Square-
Munson Fire Dist. (P. O.
combination
$18,612,000 bonds/or a
1.453%, was entered by
Harriman Ripley & Co.,
Inc,r;and
$2,000 i
Price
Childs & Co., and
..
Sherwood & Co,, jointly____1.407tf
Co.
98.056 for
\
Buffalo_l»/4%
rate
coupon
position, with a tender of 99.219
$18,394,000 bonds, or a( net
a
Int.
of
unsuccessful
a
for
fol¬
as
Rate
Marine Trust Co.
1
*
,
Hempstead-Franklin
;-
additional
Bonds Voted-—An issue of
1
y/
Bidder
C.
considered by the These bonds are due on March 1,
State Funding Commission at a from 1947 to 1956. Other bidders
meeting on Feb. 18. At a previ¬ were as follows:
Price
ous meeting, the commission was
t; Bidder
' ~f.
Rate
Bid
advised that the plan calls for the Francis I duPont &
Co.—.
1%
100.06
immediate exchange of the $563,- Tilney & Co.„_.
1.10%
100.027
/V*"
000 bonds and a subsequent pub¬ C. F. Childs & Co., and
sale
1,
Dated Jan. 15, 1946 and due
$1,330 on Jan. 15 from 1947 to
Bond Sale—The issue of. $9,500
street
equipment ; bonds offered
Feb. .15
was
awarded
to
the
the consolidation of the Boroughs
of North Cape May and South
of
basis of about 1.08%. Dated March
ford),N:Y.
;
Sale—-The issue of $6,650
of $829,000, was
view
the results of
price
a
hall.
re¬
budget.
to note
;
from 1948 to 1962 inclusive. Other
The 1946 budget of the Town¬
ship. of Lower in the County of
Cape May was reviewed by the
Board.The purpose of this re¬
was
at
bids:
West New York, N. J.
Lower Township, N. J.
163,
826—were awarded to the Na¬
tional Bronx Bank, of New
York,
1.10s,
three
1%%, with the second high bid
99.55 for $18,333,000
bonds, Or
a
1.393% net cost, being named
by the Mellon Securities Corp.
and Associates. A Halsey, Stuart
school
p.
as
the
specified
of
'-y
•
$31,500
chants
of 100.18.
_
York
Sale—The
163,
pd 826—was awarded to the Mer¬
$690,000 refunding bonds of
1946, to be dated Feb. 1, 1946 and
mature serially on Feb.-1 from
&
price of 100.30.
a
New
>
Bond
site bonds offered Feb. 15—v.
of
of
'
of
lic
$47,000 jetty
(P. O. Orchard Park),
bus bonds offered Feb. 15—v.
of $563,000 refunding bonds, ser¬
ies II, part of an authorized issue
.
1
1946 and due March 1,
lows: $1,500 in 1947, and
...
None
No.
Ann Central
Sch. Dist. No. 1 (P. O. Hart-
Bond
funding is intended to produce a
stable tax rate of $4.35 per $100
in 1946 to, Jan, 31st
of assesed valuation and is part
amounted to nothing as compared
With nothing collected during a of an 'overall plan designed to
stabilize the tax rate over the next
similar period in 1945.
;
,,r
The following assets pledged to several years.
the Liquidating Board have been
Union City, N. J.
collected during 1946:
Proposed Refunding Considered
Month of —Proposed issuance and exchange
$258.30
Each
bidders
«•
Hartford, Argyle,Granville,
Collections of Assessment Liens
January
f
Park, Aurora, Hamburg,
Elma, West Seneca and Boston
(Towns of) Central Sch. Dist. '■■■
Hebron, and Fort
Unpledged
Tax Title Liens
Orchard
Finance
chaser without cost.
The
1081
city recently filed with the State
Funding Commission a copy of an
ordinance authorizing the issuance
1961
.
Local
& Heckler, of New York
City, will be furnished to the pur¬
s
—
the
Sykes
■
Paterson, N. J.
Refunding Issue
Plans
■
of
being complied with. The
approving opinion of Vandewater,
:'LT945.;;;^
in
provided in Title 6 of
2
Law is
The firm of
funding bonds will be dated Nov.
501.13.
,
Wild wood,
Appoints
or
of the 1944 levy of $605,-
\
.North
.
/The $18,250,581 derived
in this
latest financing operation will be
estate, inheritance and gift taxes)
now or hereafter imposed by the
Authority for United States of America unless
various purposes, with $14,000,000 the States of New York and New
being employed in the redemption Jersey consent to such taxation;
of
outstanding Series H ? notes; and under the Treaty of 1921 and
$2,350,000 for additional improve¬ supplemental /legislation, •' from
ments
to ;the - Holland
and
all
taxation' (except
Tunnel; any
$1,623,000 to repay the >State of estate, inheritance and gift taxes)
New York in connection with the now oi' hereafter imposed by the
acquisition of the Port Ahthority States of New York or New Jersey
Grain Terminal, and $304,000 for or
by political subdivision's there¬
improvements to the terminal.
of.
used
by
the
Port
.
-
.
~
13,1)00 school bonds. Due $1,000 different rate of interest in a mul¬
of Gen¬
tiple of % of 1 %. Bonds may be
on March 1 from 1947 to 1959
Counsel,
registered as provided by. law.
^w/'^Snclusiye.;;^:
under existing legislation, for in¬
Bids to be on blanks furnished on
Denom.
vestment in New York and New \ Dated March 1, 1946.
application to the City Clerk.
Jersey for State and municipal $1,000. General obligations; un¬
Principal and interest payable at
limited
tax;
registerable as to
officers, banks and savings banks,
the City Treasurer's office.
The
insurance companies, trustees and principal alone; delivery at place
approving opinion of Squire, San¬
of purchaser's choice.
Principal
other fiduciaries.
Municipal Bond Sales in January
Eligible, in the opinion
Counsel and Bond
eral
Long-term financing by States and political subdivisions during
the month of January aggregated '$717343,748,/aimoSt all bf Xvhich viaS
for new capital purposes, with the amount of refunding being ho
more than $2,912,000.
This is undoubtedly the' smallest proportion
of any monthly total-in several years made up of refunding oper¬
ations and reflects further evidence of the desire of the States and
-
posit with State or municipal of¬
ficers or agencies for any purpose
for which the deposit of bonds or
other obligations of the States of
New York or New Jersey, respect¬
V4 of 1%; each bid may name one
part of the bonds of any
(having the earliest matur¬
ities) and another rate for the
balance, but no bid may name
more than two rates for any issue,
and each bidder must specify in
his bid the amount of the bonds
of each rate.
The bonds will be
awarded to the bidder offering to
issue
Agent to be announced.
,
All legal proceedings pertaining
to the issuance of these bonds
4
approved by Leander
General Counsel of the
Port Authority,
ahd by Wood,
Hoffman, King & Dawson, Bond
Counsel; and ; all further legal
been
I. Shelley,
,n«»,
f'tjV
vu
,,
ing the total amount of the pre¬
bid
from
the aggregate
y
mium
Tunnel
Triborough Bridge-City.
Authority, N. Y.
all of
respective
that prior
to the delivery of the bonds the
income received by private hold¬
interest
of
amount
the
Introduced—Con¬
solidation • of
the
Triborough
Bridge Authority and the New
York City Tunnel Authority into
a single corporation to be known
as
the
Triborough Bridge and
Merger. Bill
unitl
bonds
upon
their
maturities. In the event
ers
to 1971 inclusive.
the same type
shall be taxable by
$20,000 on Nov. 1 from
construct,
the-projects
presently Under ■; the jurisdiction
§ of the individual bodies and to is¬
$310,000,000 of 50-year
than $50,000;; C00 of 5-year notes.' Should the
proposed measure become a law,'
it is presumed that the larger part
up
bonds and not more
J of the combined agencies borrow-
y ing authority would be used to
refund the presently outstanding
_
publicly held, and those issued, by
the Tunnel Authority have all
I ecn; acquired by the Beconstruc-Hon
Finance
Corporations The
consolidated agency would be ad¬
ministered by a
.
George V. McLaughlin and
/<i
Bond Sale—The $6,000
.
>
Feb; 15
—
v.
,
Vestal) %
New
York
bonds
fire sta¬
offered
163, p. 953
were
construction
tion
the aggregate of lohg-terni bbiidS put out in the United States for
:
Coffin; & Burr, jointly -,-100.135 January for a series of, years. It will be observed that the 1937
January^^output was^the largest dri recbid.
;
Glore, Forgan & Co., and
OHIO
awarded to the Endicott Trust Co.
Baugkmah Township Local Sch*
Dist. {P. O. Marshaltville), Ohio
....
Shields A Co., and'
C. JT. Devine & Co.,
Due $1,000 on
Bond Offering—Glenn Douglas,
Feb. 1 from 1947 to 1952 inclusive. District
Clerk, will receive sealed
The $5,000 fire department equip¬ bids until noon on March 6 for the
ment bonds' also offered on that purchase of
$40,000 2% building
date
were
sold to the Union bonds. Dated J an. 1, 1946. De¬
Is.
of Endicott, as
Trust Co., of
Endicott, as DAs.
nomination
are
CAROLINA
NORTH
Voted
—
The
$1,000.
due $1,000 on
for
a
following
a
al election
1937.——'
will
Commission,
about
receive
Feb.
for
26
the
at his
funding bonds, as follows:
$70,000 general bonds. Due March
1, as follows: $4,000 in 1947,
$5,000 in 1948 and 1949, $6,000
im 1950, $4,000 in 1951 and
1952, $5,000 in 1953, $6,000 in
1954, $1,000 in 1955, $2,000 in
1956, $3,000 in 1957, $4,000 in
1958, $5,000 in 1959, $7,000
in 1960, $4,000 in 1961, and
-
1 Vzs.
for.
100.825
not
of $83,000
interest coupon re¬
made
was
Fair port,
by
sue
-
$5,000 in 1962.
L
.
of
fire
i.ii'.
'
*
'1
■"
■*
i
tt
?
i
•
.!•
*
o
99,625,470
'
1923
1922
1921
—
96,995,609
108,587,199
87,050,550
83,529,891
1919-.—25,090,625
1918
24,060,118
1-920
—
—
40,973,061
1917
Abbeville,
Abbeville,*
100
«.l'A"!
1947-1966
3,600,000
La.
362
Abbeville,
La.
1947-1966
1
1946-1963
Adams
704
240
516
516
1948-1974
Bainbridge
705
368
Basfcrope, La, —
Bee County, Tex
514
Belmont,
363
362
Bergen bounty,
Bloomington and
236
Bossier Parish
N. C.
-*"}
6-1
—
'13, • La.Boulder, Colo.
—
/t>2
361
363
Supervi^orsv
516
516
516*
362
368
.
515
Claridon
515
Creek
Ohio
School
Local
—:
District
100.05
100.16
2.73
100.19
2.43
.
t
r
.
'1
*
.
.
.
.
•,
J
,
...
,/v^'
(
»
.
v
—
40,000
.
i
*7-if.
460,000
1947-1971
135,000
34,000,
1947-1971
45,000
1947-1971
46,000
1947-1964
375,600'
'
—u
95,000
■
1
/
County, Olive Consolidated
District No. 17. Okla. _iV4
'
7,500
1947/1971
School
614 : Croton-On-Hudson, N. Y.
514
Croton-On-Hudson, N. Y.
1.09 A
0.77
14.000
1946-1950
,
,
100.01
100.23
'
•
;
0.97
60,000
.9,000
-1 'A
-
1.29
1940-1955
———3-1V2 i
1, Texas
.
680,000
1946-1965
1947-1966
tricts, Miss. ——
2 A
Cape May, N. J. —;——
2,/a
Carmi, 111.'—„——-———
Carthage, Tex. ------———r-3
No.
t
1.20
0.69
225,000
500,000
45,000
f
Carthage, Tex./fc
Chatsworth Township High School
District No, 250, III,-;—^
Cherokee
County Road District
1-47
100.03
100.01:
1947-1971
-—2%...
Carthage; .Tex,——2
Carthage, Tex.4—£
*——f2
516
-
1.43
T00~07
335,000
Supervisors Dis¬
512
;
3.25
1947-1966
Miss.—-—^2%
tricts, Miss.
Calhoun County
3.25
M
•
^
Calhoun County
•;
%
1.01,;.
450,000
t
1.10
Bridgeport, Conn.
—"80
Burke County, N. C
•—3%
Calhoun County Supervisors Dls*
514
0A4
100.70
100,000
750,000
75,U00
1947-1952
School District No.
.*.•••.
512
0.88
100
1947-1961
■
———l*/a-l%
0.84
100.07
100.77
100
1947-1967
N.: J. ——0.70
Normal Sanitary
111.
District*
'*
102,21
26,000
1947-1971
<
.
100
95,000
———-IV2
Ohio
•
100
105,000
Local School District,
238
363
apparatus;
1947-1975
Township, Pa
—-1
t
County, lli,''-.———.%-! • i
Alientown School District, .Pa——1
<
Angleton, Tex. ——————-—3%
Angleton, Tex.
3 vz
Abington
707
100.
65,000
80,000
75,000
1,300,000
1,050,000
1
Basts
Price
$105,000
——1V4-1
La.
362
'
*
135,536,122
,
1947-1966
513
Ohio
11 i % i!ii *.o f
1924_
Amount
Maturity
Rate
-1V4*1.
r#
ftitrict;No.vT;.
-
i f j >14
1925———
1947-1966
La.
513
bonds
Columbus, Ohio..
amounting to $9,000 will be sub¬
Bond Offering — Agnes Brown mitted to the voters at the primary
Cain,
City Clerk, will receive election to be held on May 7.
sealed bids until noon on March 8
Howland Township School Dist.
for the purchase of $60,000 2%
(P. O. Warren), Ohio / gg
coupon park, playground, recreaBonds Unsold—The $150,000 im¬
tional facilities
and equipment
provement bonds authorized at
fund No. 6 bonds. Dated April 1,
the November, 1945, general elec¬
1946. Interest M-N. Denomination
tion remain unsold.
:
,»**-.
;
$1,000. Due $2,000 Nov. 1, 1947
(Continued on page 1083)
>
ito 1956. Bidders may bid for a r
-
$70,366^23;
1928---—^
MONTH 6F JANUARY
BOLO PQRINO
'
.
362
Bond Election Planned—An is¬
Pohl & Co.
-7^
Name
Abbeville,
No.
for 3% of the bonds bid for, pay¬
able to- the Board of Education.
1968 inclusive. Second high bid; qf
office in Raleigh,
purchase
to exceed 6%
1.316%. Dated Feb. 1; 1946
on Dec. 1 from 1947 jto
and due
;;
362
the purchase of $225,000 building
Savings Bank, Orrville.
$1,135,000 street improvement
The approving opinion of Squire, bonds, not exceeding 2% inter¬
bonds.
Sanders & Dempsey, of Cleveland, est. Dated Febri, 1946.' Dehom65,000 power plant improvement will be furnished the
purchaser. ination $1,000. .These bonds are
bonds.
due $5,000 Dec.
1, 1947, $6,000
Enclose a certified check for $750,
50,000 sewer extension bonds.
June and $5,000 Dec. 1, 1948 to
payable to the Board of Education.
1961, and $6,000 June and Dec. 1,
Norwood, N. C.
Brooklyn Local School District
1962 to* June 1, 1967, Rate of in¬
Plans Bond Sale—An offering
(P. O. Cleveland), Ohio
terest to be in multiples of Va of
of $118,000 water system exten¬
Bond Sale-~Theissue; of $100,1%. These are the bonds author¬
sion
bonds
and
$97,000 sewer
000 building bonds offered Feb.
ized at the general election on
bonds is expected to be made
llr—v. 163, p. 514—was awarded
Nov. 6, 1945. No conditional bids.!
within the next few months.
to William J. Mericka & Co., of
The approving opinion of Peck,
Spencer, N. C,
Cleveland,; and Fox, Reusch &
Schaffer & Williams, of Cincin¬
Bond! Offering — W. E. Easter- CO., Cincinnati, j ointly, as :• 1V2 s,
nati, will be furnished the pur¬
at a price of 102.04, a basis^ef
ling, Secretary of Local Govern¬
chaser. Enclose a certified check
ment
•
J..75,710,723
1928—100,343,627
1927—.^—i- 206,877^9753
1929
■
Orrville
^_$ealed bids until 11 a.m. (EST) on
35,834,606
1932—138,248,064
1931---—^60,648,907
1930—
109,842,814
1933-.-——
MUNtClPAIi BONDS
Page
Morris,
District Clerk, will receive sealed
bids until noon on March 2 for
Nov. 6, 1945.
1935-—97,172,419
1934——i/
55,071,204
fKfSlowini'iiA list of dhe bond issues brought but in January*
Ohio
Prin¬
cipal and interest payable at the
on
•1939—
total Sch. Dist.
Bond' Offering—Harry
>
84,737,177
103,823,188
47,888,417
207,228,381
(P. O. R. R. No. 3, Hamilton),
multiple of lk of 1%. These are
the bonds authorized at the gener*
amounting
to
$1,685,000
favorably voted at the elec¬
tion held on Feb. 19:
1941—
1940__——
jointly—————102.289
Fairfield Township
119,523,451
,63,645,197
u
$89,523,614
1936 Jill
>49,289,682
1942-u.>—-
tU% Bonds
ttalsey, Stuart & Co.,
Blair & Co., Inc., ahd
E. H. Rollins & SoftS,
Bidders may bid
different rate of interest in
bonds
1943-——-
.
1945,——
For
These bonds
April and. Oct
were
1944———
$71,343,748
121,231,497
38,636,871
19 46
—100.04
jointly
1, 1947 to 1966.
Kihston, N. C.
Bonds
,
.
Roderick. Stephens.
.
-
—
three-man board,
Vestal Fire District {Pi O.
For
-
consisting of Robert Moses, Chair¬
man;
follows:
.•
two organizations.
The bonds of the Triborough are
the
6f
debts
1,1946. Other bids were as
pal financing for the period reached $23,548,211, none of which was
placed in the United States. The City of Montreal, incidentally, just •
1% Bonds
tract to purchase the bonds and
recehtfy made kneVrn its intention to undertake a gigantic refunding
First National Bank,
in such case the deposit accom¬
operation, including sale of an issue of $85,890,000 in the United
Chicago, and
panying his bid will be returned. Graham, Parsons & Co.,
States, and one of $70,500,000 in Canada. The issue scheduled for
The approving opinion of Heed,
jointly
100.341 this market has already been registered with the Securities and Ex¬
Hoyt & Washburn of New York
change Commission and is expected to be offered to the public during
Phelps, Fenn & Co.,
the present week, via a syndicate headed by Harriman Ripley & Co.,
City, will be furnished the pur¬ McDonald &
Co., and
chaser.
Enclose a certified check
Inc., and the Dominion Securities Corp.
Hemphill, Noyes & Co.,
for $1,660, payable to the State
No
United States Possession financing was undertaken
in
jointly
100.279
Treasurer.
January.
Mellon Securities Corp.,
:
;
Below we furnish a comparison of all the various forms of
Pittsburgh, and
NORTH DAKOTA
municipal obligations sold in January during the last five years:
Ohio Co., Columbus,
15)46
1945
1944
•'
1943
•••>.
1942 /'
North Dakota (State of)
(-i.1'' '
/
^
$
$
- -r.
jointly
.
.100.164 Is-Vi V
Highway Certificates Held Valid Stranahan, Harris & Co.,
Permanent loans (U. S.)—
71.343,748 121,231,497 38,636,871 49^89,682 119,523,451
-"-Constitutionality of an initiated
"Temporary loans (J. S.)__ 122,642,000 130,134.000
63,401,866 157,540,000 136,715,867
Inc., and
Canadian loans ttemporary)
75,000,000 130,000,000 110,000,000 90,000,000 90,000,000
Act of the legislature authorizing Otis & Co., jointly
-,100.161 Canadian loans (permanent):
' '
v
the issuance of $12,360,000 high¬ Northern Trust
1,050,308
Placed
in Canada
23,548,211 31,345.000 14,412,500 67,540,000
Co.,
None
Placed in U, S
Nond
Nond "
None 90,000,000
way revenue anticipation
certiChicago,
None
None
Bonds of U. S. Possessions—
None
None 20,000,000
ficates—v. 163, p. 827—was re¬ ftarrimari Ripley & CoVMc.,
cently upheld by District Court, Ryan, Sutherland & Co.,
Total
292,533,959 412:710,497 246,451,237 454,369,682 347,290,226t
A prompt appeal will be taken
"Includes temporary securities issued by New York City—None 4fn January, 1946,
and
'
1945 and 1944; $25,000,000 in January, 1943 and none in 1942.
to the State Supreme Court, which Illinois
Co., Chicago,
is expected to act in the matter
The? number of municipalities in the United States emitting
jointly -—_——
100.157
without delay. The court action Bankers Trust
pemanent/bonds and the number of separate issues made during
Co.,
was instituted in Order to estab¬
January were 134 and 148, respectively.
This contrasts with 77 and
New York, and
lish beyond question the validity Saiomoh Bros. &
08 in January, 1945.
/
'
•
Hutzler,
of the proposed certificates.
For comparative purposes we add the foUowing dahle showing
jointly
-10015
may,
would be empowered to
sue
March
at his election, be relieved
of his obligations under the con¬
.
maintain'and operate
All of the bonds will be dated
successful bidder
the
jaw>
Int. No. 804, recently intro¬
duced in the Legislature by Sen*
ator Coudert.
The new agency
in S.
1947
to 1971 inclusive.
Provided for'the terms o£ ^ Federa,1 ine0mt:
Tunnel Authority is provided, tor}
\
authorities,coupled With the customary heavy borrowing at this time'
of the year by the City of Chicago, 111., Cook County and the County
ForestPreserveDistrict.^ This financihgy/as^^ usual, consisted of the
sale Al warTants in anticipation of future tax collections.
Several of the Provinces appeared in the long-term Capital mar¬
ket In January, with the result that the volume of Canadian munici¬
500,000 relief, sanitary and storm
sewer fund No. 2 bonds. Due
from bonds of
and character
of
Dempsey
,
purchase the bonds at the lowest
interest cost to the Town, such
cost to be determined by deduct¬
pertaining thereto
their approval.
proceedings
will be subject to
v,/
&
municipal governments to proceed with improvements and new proj¬
ects that had to be deferred during the war years.
however, the volume of tax-exempt financing since the termi¬
nation of the war has been considerably below expectations, a cir¬
payable to the City Treasurer,
cumstance that has been importantly responsible for the impressive
increase in the price level since V-J Day.
Moreover, the recent waVe
Columbus, Ohio
/ Bond Sale-—The $875,000 bonds; Of strikes in key industries threatens to further postpone the Fesiimpoffered Feb. 15—v. 163, p. 706— tion of borrowing on a really broad scale, particularly in light of the
expectations that materials now in short supply will be available
were awarded to an account com¬
according to priorities until such time as the current stringency has
posed of Union Securities Corp.
been abated.
\
: '
■.
'
Barr Bros. & Co., and Estabrook
This is not to infer, of course, that the volume of awards will not
& Co., all of New York, as Is, at k
continue to show an improvement over wartime totals.
It is
price of 100.449, a basis of about
0.952%.
Included in the award unlikely, however* that the output will reach the expected peacetime
proportions for some time to come, despite the exceptionally keen
were the following:
demand presently in evidence for such offerings and the concomitapt
$275,000 motor vehicle and motor
favorable basis on which borrowings may be effected.
driven equipment fund No. 2
Th& attractive market conditions, incidentally, may impel manv
bonds. Due Nov. 1, as follows:
potential borrowers to anticipate future monetary requirements, in
$45,000 in 1947, and $46,000
which event the existing shortage of -offerings, as measured by
from 1948 to 1952 inclusive.
mounting demand, could be substantially rectified.
100,000 fire engine house and
^Although the volume of temporary' municipal borrowing in
equipment fund No. 1 bonds.
Due $4,000 on Nov. 1 froni Japuary attained the impressive total of $122,642,000, this was largely
the result of the sale of a new series of note issues by local housing
1947
:
will be furnished to the
rate for
ively, is now or may hereafter be
authorized. Registrar and Paying
have
Cleveland,
purchaser
Without -cost.
Ehclose a certified
check for 1% of the bonds bid for,
ders
New
A separate bid for each
issue (not less than par and ac¬
crued interest) is required, pidders are requested to name the in¬
terest rate or rates in multiples of
York City.
eral
,
in
payable
interest
and
Eligible, in the opinion of Gen¬
Counsel and Bond Counsel,
under existing legislation, for de¬
v.
Monday, February 25, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
1082
——1.10
J eft*.:
■
1.59
100.61
1947-1951
6,500
17,000
100.22
1.05
1947-1959
13,000
100.22
1.05
•:
LlO
100.03
,
■
Volume 163
Number 4467
THE COMMERCIAL & FINANCIAL CHRONICLE
^
Page
No.:
Name*
"
*- -Rate
.Maturity
Amount
Price
Basis
Crystal Lake Gr&de School D4s'
•
tricfr No. ^T, III,
•256,000
-l——
'Dayton, . Ohio —
:m 1947-1956
53,000"
101.00", 0.85
Beer" Park Exempted" School Dis- 1 * :/ /;/ ^
/,/j,\/
>/ , ^ I// /, / '
>:
i>- ! -•■
trict, OhioJ--/A-AW '
1947-1968
400,000
101.86
1,08
Delaware
City Softool District,
;
■
■ .■;
" - • '
// •
.
•
Ohio
IV*
" 1947-1968''
330,000
:■101.32
L13
Delphos
City*
School'
District,
'
•
• " r' '
:
r ■"•'■•-•■Ohio
1" *
1947-1956
109,000.
101.28
0.78
362
n°-
515
,
"«
239
.
118'
Seminole S. D., Okla^
Co,,. Ashland Park S. D.,
Nebraska
,
,
Rate
v
Saunders
239
South
708-
Texas.
,
;/■■ ■
,
%
^___
State
Eaton
* 1947-1963
.
50,000
JTfcOOir
1100.02 /,__„_/./
100.29
*■
i
.
1
,
__
36J
'Elizabeth,. N.:
J.
.
"
.-•
'
285,000
1.17
Ohio
vu
_______
Gothenburg, Neb-.
Gothenburg, Neb.
Grayling,
Mich.
363
363
1947-1969
:
___-^-_l-lV4
___l-lft
__
366
Hand
705
Hayti,
Mo.
Hildreth, Neb.
Hollidays Cove,
County,
516
Va.
W.
1950-1975
*
—____
1948-1976
116
Indianapolis,
1946-1965:,
365
Jackson
703
/:/"
V:
305
Ind.
Local
Ohio
District
—vJ
'_
Independent
No.
1,
.
Lake
704
Lake
County,
518
Lake
Township
School
1947-1963
100.20
100.10
30,000
100.02
385,000
100.55
1959-1983
61,207,000
105.17
361
Lds
1.80
1948-1960
County,
El Monte
District, Calif.——lft
Los Angeles County School Dis¬
tricts, Cal.
lft
Los
Angeles County School Dis¬
tricts,- Cal. _____Z—V/2
300,000
101.03
1.11
1947-1966'
400,000
100:68
1.17
1947-1966
.^k.^.3
——
250,000
(State
of—1
(State
116
;
(State
516
Milford,
T0L88
102.37
515'
Muskogee,
Pleasant
510 1 Muleshoe,
New
Britain,
Conn,
-i
-0.80
New
New
Orleans,
Orleans.
La._—
1.10
526
565
0.60
0.96
200,000
100.26
Oklahoma
-
r35,000
r92.00O225,000
'i-'-f 11,000
Too"-"
15,000
100
3.00
0.97
Bank of
:
100.13
100
50,000
100.01
100.07
0.78
100.10
0.97
150,000
100.10
1.07
200,000
101.29
100.32
1,500,000
1949-1971
115,000
1949-1971
119,000
County, Okla._6-4i-21/4-l;
(City and Town),
Union
'
>
Free School Dist. No.
364-
1, N.
100.02
1.97
100
1.19
600,000
100
1.19
1949-197T
1.19
100
46,000
>100.16
1.19
100.16
1.19
-
1,500,000
100.02
1.15
1949-1970
1,650,000
100
1.19
1949-1970
-
700,000
1.4b'
Philadelphia,
83,000
Putnam County Special Road
ZMt
Jan,T>T97i
3.25
1.35
10071
1.35
100.22
0.96
/
100.22
0.96
100.22
;
81,000
87,000
'1947-1970
0.88
.
0.96
Raines County. Tex.
Randolph County, N. C.
236
1946-1959
Va-iV*
— 1955-1957
i-i '
District No., 51, La.
-^.VA.
Cal'.
.J—S'-l-l1/*.;"
County School Districts-,
512
Riverside
Cal.
.
512
.
705,
County School Districts,
Cal.
Cilff__
703/ Satr
100:65
87,500
100.00
Mateo
._____3'-lJ/2
Leandro, .Califs
512
;
1
San
Calif.
706 ;*Santa
238
Co.,
San
S.
1.87
basis
a
of
price of 100.-
about
0.948%.
from 1947 to 1956.
1,
1946.
Interest
M-N..x; '
Norwood City School District? Ohio
Offering—Emma Jungblut," Clerk-Treasurer of Board of
Education, will receive sealed bids
noon
on
March
15
>
ing* bonds._ Dated April 1, 1946.
Denomination $1,000. Due as follows: $28,000 April 1 and
$29,000
on Oct. 1, from 1947 to 1958 inclu¬
sive; and $28,000 on April 1 and
Oct. 1, from 1959 to 1969 inclusive.
Interest
for
A-O.
Bidders
1946-1955
1 %.
Enclose
a
a
different rate
multiple of V4 of
certified check for
a
$100,
payable
Trustees.
to
the
Board
of
1.46%. Dated March 1, 1946 and
due $500 on Sept I from 1947 to
1956 inclusive.The only other
bider
was
J.
A.
White
&
Cincinnati, whose offer was
mium of $6.39 for l%s,
a
Co.,
pre¬
100.14
X-1.48
Bidders to
a
name
the rate
•
multiple of lk of.
and must be the
same
for all
of the bonds.
Registerable as to /
principal only. The bonds will be
sold to the highest
responsible ■
bidder subject to approval of the
authorizing proceedings
by the
Department of Internal Affairs.
No bid for less than par and ac¬
crued interest or for less than all •
The
approving opinion of Burgwin &
Churchill, of Pittsburgh, will be
furnished the purchaser. Enclose
a certified check" for $2,400, pay-* •;. /
able to the
District,,
Kane, Pa.
Proposed Bond: Issue—Arrange-*
merits aie being made for the
/of $200,000 /bonds to
suance
nance
construction
of
is¬
fi«
sewage
a
disposal plant,
multiple of y4 of 1%.
at
bid
No bid
the
&
These
are
Norwood-Hyde Park
Trust Co., of Norwood.
the bonds authorized at
the
general election
1945, No bid will be
on
that is not made
on
Somerset, Pa.
Bond Issue Authorized—An is¬
sue
of water main bonds amount- >■/
ing to $141,000 was authorized, re¬
cently by the Borough Council. 5
RHODE ISLAND
OKLAHOMA
'•
Providence, R. /•
Blanc hard, Okla.
Bond Sale — The $20,000 water
Proposed
Taxes
Would Yield
series of six bills
Feb. 18 were awarded at a net in¬ introduced in the legislature on
terest^ cost
of
1.5977%.
These Feb. 14, at the request of City
Solicitor
William
E.
McCabe,
bonds are due $1,000 in 1949 to
would permit the city to increase
1968J The next highest bid was a
its tax revenues in the amount of .*?
net interest cost of 1.70%*
$1,175,000 yearly. The additional
Chickasha, Okta.
funds are needed, according to re- ;/
works
bonds
offered
for
sale
on
$1,175,000—A
,
xx
Bonds Vofed^-An isSue of air-,
Craig County White Oak Consoli•
: dated Sch. Dist. No.
1 (P. O.
White Oak), Okla.
1.18
bonds.
Denom.
Philadelphia, Pa.
able
100.12
Wenner,
receive
[;
Shawneef Ohio
1.58
0.55
5,000
ders may bid for
1.53
100.07
25,000
1, 1946.x Denomination $1,000, one
These bonds are due on
Sept. 1, as follows: $1,000 in 1947
to 1950, and $1,500 in 1951. Bid¬
of interest in
will
Dated March 1,
$1,000. These bonds
due $6,000 on March 1, 1947
1946.
for $500.
100.1? -
1.48
*
re¬
favorably voted
the election held on Feb. 13.
0.55
100,000
1
t
a
5,000,000
575,000'
■
e r
for less than par and accrued in¬
terest. Principal and interest
pay¬
100.14
Secretary,
sealed bids until 8 p.m. on Feb. 27
for the purchase of $120,000 school
,
may
different rate of interest in
a
Bank
:
-
b
1.09
100.07
Offering—E. M.
District
of the bonds will be accepted.
er
1.17
100,000
Fe,
Ft
—
-
4,000.000
,-.1947-1971,,
Offering
sealed bids until noon on
March 4 for the purchase of
$5,500 fire truck bonds. Dated March
for the
•
Nov.
port purchase bonds amounting to
$70,000
Bond
6,
considered
„
V^.
d
1.93
•
940,000
n
.
100.01
950,000
.
-
1946-1970
D.,
Sargent S. D...N.-. Dak_-4T--^----l^
-
"'-V-.C
Township (PrO. Harpster),
100.06
175,000
1946-1950
^^4-1 lA
Carlo
-
1.24
1.35
.100.85
Roscoe, Minn;'-;
Francisco,
100.04
27,000
San
"
1.-34
100.02
70,000
235
'
2.75
100.01
1947-1966
235 /
512-
1.55
;
100: '
>
1 '
La.__
1947-1966'
St.. Louis Park S. D„ Mina^/11%-1%'
1949-1971
San
Antonio Junior College Dish
tfflct; Texas x_/^_Jl_l._^._2-iyt
1946-1975
San
Diego Co.* LaMesa .Spring
-////•
v -sii?
Valley S. D., Calif
1947-1971
San Francisco, - CaltL^C-iis^.*-3-i^-V:; -' 1946-1950 *
708
roo
15,000
3,850,000
1946-1976 —
513/St. Bernard Parish S, D. 1,
363
r75,OO0
75,000
50,000
*
:-j 1947-1960 /,
-——;—2
Riverside
r
•
"
1947-1956
Richmond,
513
f
i960
i_______2»4
Rapides Parish. Fifth Ward School
/
-
.
155
' Bridge. Dlstrfct No. 2, Fla.
/
514
'*;:hv'/i,,
Due
purchase of $1,300,000 1%% build¬
and
*
340
bonds, at
a
Due Nov, 1,
until
188^000
.
'K€ ■■'$!
Pitt
Township School District
Pittsburgh), Pa.
P. O. R. D. No. 6,
of interest in
:
his owir* expense.
Enclose a
certified/ check/ for 3 % of the
amount of bonds bid for.
Bond
119,000
Miss.
704
„
125,000
Miss.
Philadelphia,
30,
1.19
.
100.71
280,000
,
__1
513
100
10,000
1947-1986
1947-1986
513
1-08:03
100.10
143,000 :
-
__1_1
x;—
.
-
about ' 0.929%.
Dated March
?.<M6-1960'
1957-1961
^
Bond Election—At the May 21
Nov. 1, from 1947 to 1961.
Bond Sale—The issue of $5,000 primary election the voters will
19,700 street improvement bonds, water works bonds offered Feb. 9 bemasked to authorize a? bond im¬
at a price of 100.30, a basis of —v. 163,
provement program aggregating
p. 707—was awarded to
about 0.95%.
Due Nov. 1, Fox, Keusch & Co.. Cincinnati »s $76,200,000; the bulk of which is
from' 1947 to 1956.
1 ^S/at ^ar plusapremiumof $H
intended for construction of sew¬
2Q,60Q street and sewer improve¬ equal to 100.22, a oasis of about ers and sewage disposal facilities.
ment
1949-1966
-
'
Paterson/ N." J,
Paterson, N. J*.
303
500,000
60q;ooo
1949-1971
Y._1.90
OwftSCO, N. Y.-'-.:
Owasco, N, Y,
362.
1.19
100.02
500,000,
1949-1971
Oran,. Mo.'
364
basis* of
City
Oklahoma
70#
$610,000
sewer
improvement
bonds, at a price of 100.565, a
1.19
1949-1971
a
Nashville, Wm. J. Mericka & Co., Inc., of
Cleveland, Mc¬
Donald-Moore & Co.* of Detroit,
and Browning & Co., of Cincin¬
nati-, as Is:
1.14
100.01
_4-l-l.%
Olean
1.12
6,500
_-__-_.4-l-iy8
238
0.97
140,000
Okla.
239
0.97
100.01
100,000
Okla.
239
>
100
250,609
1,500,000
City,
Sehool District,
__„_2»/2-l1/a-I
Oklahoma County, Okla. 6-4-2V4-l
163, .pV 827
syndicate
-100
Oklahoma
Okla.
to
2.75
Oklahoma
Oklahoma-
awarded
Feb. 15—v.
100
239/ Oklahoma City,
■
2.75
on
47,000
90,000
100,000
1949-1971
Rejected — All bids
build¬
ing bonds amounting to $900,000,
not exceeding 21/2% interest, were
rejected. *
to 1966.
ceive
for sale
28,000
__V_4-2ft-1
*•
ZZ
at
li.V
,,
Bids
Bond
coupon
^
,
Toi.53
Schwilk, T^nship Clerk^iwili
—were
City," Okla.
CltY, Okla.
City, Okla.
'
34,211
86,000
,
Ohio
composed of Fox, Keusch & Co.,
of Cincinnati, Commerce Union
4-2V4-1
239
2~80
3 01
Bo
2.75
Okla.
4-3y«-l
98 35
99*88' "■
May*
2.50
City,
£.
2,750 000
5.086,000
Sanders & Dempsey, of
Cleveland,
may be obtained by the purchaser
election to be
an
100
Oklahoma
^
""""
99 81
rl5,000,00O
1946-1975
Lorain, Ohio
3.00
100
10,000
30,000
Oklahoma.
__^_4-2%-l
3-3 'A-3 J/2
*250 | Bond Sale2.75
amounting to
100
Oklahoma
v
2.98
100
239
239
1.98
- :
100
24,000
239;
239
100
3%.
received for .the dormitory
Bond
100"05
1,1958
June
___^_J__3'/2
ing to $1,800,000 will be submitted
to the voters at
held sometime in
The First State
Elgin, second high bidder,
Oregon State Agricultural College
(P. O, Corvallis), Ore.
"
57,500
117,000
375,000
Feb. 1,1962
1946-1955
3
of construction bonds amount¬
0.95
35,000
239
239/Oklahoma
1951
——3
takewood Sch. Dist., Ohio
Bond Election Planned—An is¬
1.13
1947-1966
.
X;
sue
0.95
•
1949-1971
4-2 V\-I
/
100.26
f
City,
City,
■'/
*
Basis
X_*X
of
100.26
150,000
1947-1950"
'
J—_4-2V4-1
(Province of)
*
*
1947-1966
-23/4-3-3y4
(Province of)„__2 V*
100.10
300,000
900,000
1965
VA
Okla.
Okla.
Que—
Price
Canadian' municipal bond
•
financing
January
*$23,548,211
»Excludes $75,000,000 of short-term borrowing by Dominion of
Canada*
0.95
1960
Newport,
Vt.
Noi'th Canton,
239.
Amount
$42,500
1947-1956
15—•
PENNSYLVANIA
in
2.25
100.30
1948-1957
La.___
Maturity
3
(Continued from page 1082)
100.22
•
Bank of
1%
TOO*""
—
705
0.90
JRate
(Province of)_
Beach, Ont
St. Laurent, Que
Total
;x.
0.76
162,000
—
705
100.71
102.13
150,000
516
Mulesboe, Tex.
2 l/4-lrk~%
'
-.1947-1971/
360
Nashville, Tehn.;
-■%-I*- *
1950-1974 r'
x307svN»siivHie,/:Tehmx'i^^w/^^%^:^" :'iv'i930-i974f;t;
115
101.15
r2,375,000
1^49-1956
1947-1971
.
2%-2Vj-3
•
1.23
1947-1961
1*.20
102.13
1956-1963
3
—-r:-!.
148
St. Clair
102.13
xx:1947*1955.^:
Tex.
Okla.
100.18
Nova Scotia
87,500
;
to 1968 inclusive.
are
250,000
—
Tex.
100.56
100.000
550,000
New Brunswick
1.00
;:
£12®& Mix-PleasanV'Tex;-^^^^—
Mt.
200,000
1947-1971
1947-1976
~L30
4,800
1,820,000
146,000
-
120
1947-1969"
1957-1960
708
Feb.
named an interest rate of
'
Mount
Royal,
offered
bonds
163, p. 707 — was awarded to
Charles N. Tripp & Co., of Port¬
land, as 2V2S. Dated April 1, 1946
and due $2,500 yearly from 1947
Jefferson
708
0.89
37,800
216
;
1
(134 municipalities
separate Issues)
k$71,343,748
368 v:Quebec;
1.07
100.03
1,000,000
••
Tex.
2¥<t
1947-J970
Conn.
i
%
1947-1949
Minneapolis, Minn. <r_—1947-1956
11G
Minneapolis, Minn.
—__.o— 1
1947-1956
126
Minneapolis, Minn.
I
1947-1956
116
Minneapolis, Minn. L
1
1947-1956
237
Montgomery County, Mad. —3^2-1%
1949-1966
514
Montgomery County, N. C
2%-t3/4
1963-1967
514
Montgomery County, N. C.
2%-l3^.
1963-1967
708
Moore County, Tex
lMi-1%
' 1946-1960
120
Mt. Pleasant, Tex.
—.2^
1948-1956
120
Mt. Pleasant, Tex.
2%
1957-1963
12b. Mt. Pleasant, Tex. ———3
1964-1965
120.■'vMt.; Pleasant, Tex.
W*
1949-1961
120
Mt. Pleasant, Tex.
___2V2
1949-1956
220
Mt, Pleasant, Tex. ———.2%
1957-1963
—
70000
240
1.20
1101.16
Mercedes,
703
50 000
w
708/ Belle River," Ont~.-^—_,_^_-^--i3MsX
708
cap de la Madeleine, Que
3V4
1.07
1946-1965
of)—.
—2
1.17
0.96
1
____i
Name .
Belle River* Ont.—
r55,000
1946-1965
of(___—_1
(State
Mo.
100.53
101.16
1946-1955
Massachusetts
Massachusetts
Memphis,
100.01
368^
40,000
'
116
400,000
516
.400,000
1970
of(___—_1
705;
1.22
•*'/-:>/
Sale—The issue of $55,000
30 000
„No; •
708
2.75
641,950
.
Massachusetts
100.21
100.37
1947-1961
■
at
v.
CANADIAN MUNICIPAL AWARDS IN
JANUARY
1.45
103.03
279,000
——
Massachusetts
'
10,000
350,000
:
fr Not iricluding $122,642,000 temporary loans or funds
obtained by States and
municipalities from agencies of the Federal Government, r
Refunding bonds, d Optional.
81,000
Madison, Neb.
——
239
Madison Township Local School
District, Ohio
VA
1947-1969
515
Maridd, Ohio
iJvt^W^vl94T-'197fc^v
S515feMkri0ll, Ohio
—_I
1947-1966
230
Marion County, Ind.
-——0.90
1947-1956
512
Marion School District, Ark. —2 V*
512
Marion Township, Ind.
—VA
1947-1966
512
Marion Township, Ind.
1%
1947-1952
116
100.43
20,000
1961
-
303
216
1.75
Page
:
_____
Luray, Va.
100
11/4
covering
Elgin, Ore.
S| Bond
-
Jan. 1,1955
1947-1965
'
A
Yarmouth, Mass.
Angeles
School
"
authorized
was
Feb. 5.
on
OREGON
—
'X-—
Total bond; sales for January
1.19
election
water
'O^0'"
0.74
1947-1969
104.61
d25,000
2V2-3
School Ohio-
0.77
/ "X
1956-1966
Washington Township .Local Sch.
^
issue
___
'^2.-^'^
145,000
.
Washington Township Local Sell.
237
1.27
55,000
1950
VA
.
Latrobe Municipal Authority, Pa._2
516
25,000
104.61
10,700
.
an
104.61
5,500
„
1 »/4-l Va
707
0.73
District,
515
235
101,35
.
18,800
130,000
:
Winnsborov Tex.
Winnsboro, Tex/-_
Winnsboro, Tex.
1.18
1951
%
Ind.
109,198
'
and accrued inter¬
pay par
The
est.
56,000
1947-1959 '
Dist.,
516
1.17
100.15
270,000
1946-1955
-0.80
Ohio
235
100.89
250,000
1047-1961
lowest rate of interest and agree¬
50 000
School
.
ing to
56,000
•
awarded to
1
70?
.11.20
bounty, Ind,
704
516
in
1.13
__!%
Minden
6, La-
District No.
0.83
$2,000
rl75,000
'^r
^
School
$35,000
construction
as
follows:
$3,000
1959 inclusive, and
1960.
Bonds will be
the bidder naming the
to
1.17
—
Parish/
1.96
:
101.54
500,000
1947-1971
lft
Dak.
N.
ICO
6,200,000
1949
1.35
__Nrr——-—VA.
l^:V^e5S!er-'^r0Xe»»--'Mo
7—1
513
Webster
2.75
School
City, Kan.
!„l
Kendall,
Carlton
and
Murray
' >
f
Central Sch. Diet. No. 7, N. Y._1.30
514
515
,
from
March 20 for the pur¬
Due
100
School Districts,
Wahoo, Neb.
Wapello Co., Iowa
Washington Public
516
Kansas
513
"ZII/^x;
100
.
;of
bonds.
101.45
,c,
125,000
.
District,
School
1
Jamestown
i_
■;
18,000
Imperial Irrig. Dist., Cal--3-2ft-l%
____
Tex.
237
1.32
•
101,25
-
1947-1956
Calif
,
238
664,000
'C'L-'
1948-1966
Okla.
Hopkins County,
(
102.44
18,000:
1949-1966
1.23
100.40
200,000
on
chase
County School Districts,
Calif.
100.41
■
1.19
100.94
#
88,000
2ft
_____2ft
Hooker,
708-
Ventura
2.71
100.27
0;99
bids
Sealed
will be received by the Clerk of
the
Board
of
Education
until
8 p.m.
100.04
100.05
Okla.
District,
—
8,500
;
Ventura County
101.33
*
r50,000
493,000
Union, S. C._l—VI- 1946-1955
Union, S. C.i^T__,___
1946-1955
Urbana, 111. ——2 /X;
1952-1953
Urbana, 111.
2
v:/r 1952-1953
Urbana,' 111.
z
1952-1953
236
rlO.OOO
.*_-L-2ft
—
827
IS46-1960
__i.__l.301%
Dak.
S.
____
514
;;
,' 46,000
85,000
-
•
X, 6,000"
School
Offering
20,000
516
Ala.
236
1.19
4,500,000
Tuscaloosa,
236
Bond
•
,
1949-1966
361
236
Texhoma
v.
100.04
These
0.99%.
about
due
are
f.. 1947-1966
Township, Ohio_____u—_„1%
School
District, Okla.___3-l
Tulsa
518
,,
./ 6,000-
,
.
1947-1976
239
47,000
1949-1961
-x!.
.
-
239" Truro
_—.
-
—VA
_____
238
X 35,000
,
Toledo, Ohid
^
—
;
1.22
100.29
164,000
10 years /.
10 years
District
.
'
,
:
27,500
■
239s
Pinneytown, Local School District,'
.
• ♦'
/ X '
X t
'
''2
>•<*.' /'
Ohio
LA—AVi
-1947-1969
85,000
100.18
1.23
510 "Follansbee, W, Va.
—l'/a*-' —wL..^.,
r45,000t. . ------ XX. ----706
Fostoria School District, Ohio_/_1
• 1947-1958
/
'
130,000
101.11
0.81
239
Franklin County,. Ohio
lli
1947-1971
V' 500,000
X 102.19 r
1.05
239
Franklin County, Ohio/^/_^_I ft1947-1970 >//; 50,000
101.81
1.09
239
Franklin County, Ohio
•
1947-1968
600,000
100.08
0.9^
239
Franklin County, Ohio
1
1947-1967
350,000
100.16
0.98
239Franklin County, Chad
1947-1968 X /; 400,000/
100.01 I
0.99
236
Franklin Parish, La. _
Iwl-lsGA
350,000
—1.31
915: * Gorham-Fayette: School District,'
• '
•
Road
0.75
-
of
$2,500 in 1949 to
1952.
The
next
highest bidder
was
J. E. Piersol Bond Co., for
lVss, at a price of 100.038.
;
/
_"~
100
,
240
0i74
1.17
706
363
County
bonds
'•
300,000
1948-1963
J N°- ?, Texas
/ X,;
Sudan,, Texas>x
364, Teaneck Township, N. J.___
1
1948-1955
364
Tenafly School District, N. J—.-1.20 '
1948-1974
—-
'/«« '
■
Stonewall
516
Basis
,
'
%;,y,
i
2.24
100.08
100.01
'
:1947-1971
.
15,000
7,500
1947-1951
Township,- Ohio
^
1>A
265 fEchOV'Orev-L..,.*
i-3
705
Ecorse Township School District*
>
NO. 8; Micft./—1%
365
Edmond, Okla.
•
Price
30,000
/ —
•-/
/
—-
827
/
District
—
County
Amount
• /
1947-1961
«
College,
School'
'
705/. Stearns
.
^' 40,000
v',/
40,000
3
Charleston, Ohio
Maturity
-
..
2
Southwest
—
.
3'65
;
^
514
r
708
basis
a
Name
.
1083'
the form fur¬
Sale—The
?
at
nished by the Board
to
Vinita,
the
First
as
$10,000 build¬
National
Is, at
a
Bank
potential :
port, in order to offset a
operating deficit of $2,000,000 dur¬
The dif¬
ing the next few years.
ing bonds offered for sale on Feb.
15—v. 163, p. 954—were awarded
The
of Education,
approving opinion of Squire,
was
of
price of 100.025,
between
ference
enues
/and
would
funding.
Four
would
ment:
the
made
be
the
potential ^deficit
up by .debt re-
.„:/_••/
of
the
added rev¬
•
pending measures
authorize the city
'
*
'
govern¬
*,
*
THE COMMERCIAL &
Bonds Voted—An issue of road
tax as¬
against
houses of not
To
impose a sewer use
sessed in proportion to use
more
u
$300,000.
To
for
tax of one cent
a
prices
to yield
cents of admission
each 20
places of amusement,
another $200,000.-h ►.
•.
,
(
of up to
vehicle on mo¬
seat, or $300 a
transporting passen¬
a
school bonds amounting
000,
:
yield $100,000. .;'
5% tax on hotel
and lodging house accommodation
bills, for another $75,000.
gers for hire, to
To levy a flat
present 4% State tax on
three-quar¬
betting,
pari-mutuel
The issue of
—
$60',-
water; system and improve¬
ment bonds authorized at the Jan.
26: election has been sold.
P-V®"
sixth
A
distributed among
of $225,and gas
bonds.;
Orange, Texas
\
:r
:■ ■:
■;
■<''r--
Bonds Sold—The issue of $100,-
revenue
recently
000
bonds authorized
fire station
by the voters at the Feb. 2 elec¬
tion, have been sold. *
"
Pharr, Tex.
enable
would
measure
system
.!«'* '* * *) r
«
,
issue of $60,000 park
an
works, sewer
1
15 the voters authorized
Feb.
on
water
f*' * 4 t'v
1
Nacogdoches, Texas
Voted — At an election
bonds was pur¬
chased
by Dewar, Rob¬
all 39 cities and towns. Providence
ertson & Pancoast, of San Antonio,
would receive an estimated addi¬
at a price of par, a net interest
tional $250,000 from reenactment. cost of about 2.506%, as follows:
ters of which is
£
'To ^Purchase Bonds^—As a result
$150,000, 2 %s. Due on-March 1, as
follows: $5,000: from 1949 to of the call for tenders on Feb. 11,
and towns to tax tangible personal
1951, incl.; $6,000,1952 to 1956 the City has arranged to purchase
property of the New England Tele¬
incl.; $7,000,1957 to 1959 incl.; $35,000 series of 1938 rfeunding
phone and Telegraph Co. within
$8,000, 1960 to 1963 incl.; $9,- bonds.
their boundaries.
A $2.50 tax on
000, 1964 to 1966 incl.; $10,000
each $100 of the company's tangi¬
in 1967 and 1968, and $5,000 Plains Rural High School District
all?.' other i pities
and
Providence
.
$10,-
at
estimated
March 1, 1947, to receive this in¬
terest in full and the par value of
Corporations Committee,
the race track measure,
which was referred to the finance
' the
to
except
body,
Bonds
Due March 1, as fol¬
lows:^,000 in 1969, and $10,000 from 1970 to 1976 incl.
All of the bonds are dated March
expected to be called updn;
only in solving'
will be paid on the present housing emergency but
presentation of said bonds. Inter¬ in meeting the nation's long-term
est ceases on date called.
problem. "When that first requisite1,
toward doing our utmost is met"
Van Horn, Tex.
he said,we come up against what
Bond Ordinance Passed — An
I consider the key fact of the
ordinance calling for the issuance
whole logjam; It is a simple
of water system construction reve¬
stark fact—the great mass of ihe
nue
bonds amounting to $50,000
American people whose income is
was scheduled for passage on Feb.
small or moderate cannot buy or
11.
Issuance of the bonds is be¬
rent houses whose cost is dispro*
ing handled by Barcus, Kindred
portionate to their earnings."
& Co., of Austin.
No amount of liberalizing con¬
bonds
was
J. Roe &
Co. and the First of Texas Corp.,
both of Sah Antonio, jointly, at a
awarded recently to E.
Interest M-S.
Callable
1956.
1, 1946.
construction
000
price of 100.035. , Dated Jan. 1,
1946. Denom. $1,000. Due March 1,
as follows:
$17,000 from 1947 to
Texas
revenues, but would continue to
1949 inclusive; $25,000, 1950; $28,Bond Election Planned*~An is¬
receive income up to 35.% of aver¬
000 from
1951 to 953 inclusive,
age city revenues from general sue of construction bonds amount¬
and $30,000 from 1954 to 1956 in¬
ing to $100,000 may be submitted
property taxes.
*
clusive.
to the voters at an election to be
SOUTH DAKOTA
Port Arthur, Texas
held in the near future.
Bond Offering—-R. L. Cooper,
Canton, S. Dak.
Ector County Independent Sch.
City Manager, will received sealed
Bond Issue Indicated—A pro¬
Dist. (P. O. Odessa), Texas
bids until 8 p.m. on Feb. 26 for the
posed sewage disposal system now
Bond Sale—An issue of $375,000
by the City school house bonds was awarded purchase of $1,800,000 not to ex¬
being, considered
ceed 2y2%
interest seawall and
Council envisages a bond issue of
on F^eb. 14 to the Fort Worth Na¬
breakwater bonds.
Dated March
approximately $150,000.
tional Bank, of Fort Worth, as
15, 1946. Due May 15, as follows:
IV4S, at a price of 100.52, a basis
TENNESSEE
$1,000 in 1947, $2,000 in 1948,
of about 1.19%. Dated March 1,
$3,000 in 1949, $146,000 in 1951,
1946. Denomination $1,000. J Due
Dyer, Tenn.
$153,000 in 1952, $156,000 in 1953,
Bond Sale
The $15,000 3%
March 1, as follows: $1,000 from
$158,000 in 1954, $161,000 in 1955,
1949
inclusive; : $10,000
funding bonds offered Feb. 14 — 1947 to
$164,000 in 1956, $167,000 in 1957,
v.
163, p. 827—were awarded to 1950; $30,000, 1951 to 1955 inclu¬
$169,000 in 1958, $171,000 in 1959,
the Bank of Dyer, at a price of sive; $70,000 in 1956, and $71,000
$197,000 in 1960, and $152,000 in
108.366, a basis of about 2:20%. in 1957 and 1958.
Interest M-S,
1961.
Bonds maturing in 1959 to
Dated Feb. 1, 1945 and due $1,000
The bonds were authorized at an
1961, are callable May 15, 1951, or
on Feb. 1 from 1951 to 1965 inclu¬
department would
share in the proposed new tax
The
not
school
on
after March 1,
or
Indep.Sch* Dist.,
Cedar Bayou
election
basic
City, Utah
Bonds Called — Estelle Thomp¬
Beaver
son, City Recorder, calls for pay¬
ment on March 1, the City's 3^%
matured
interest
cou¬
on
on
-
-
to
as
until
11
(CST) on
purchase of $30,000 sewer bonds, not exceeding
2% interest. Dated March 1,1946.
Denom. $1,000. Due $2,000 March
1, 1947 to 1961.
Rate of interest
to be in multiples of Vi of 1 %.
Payable from unlimited ad valo¬
a.m.
March 5 for the
rem
levied
taxes
taxable
all
on
property in the Town. Principal
and interest payable at the Town
Treasurer's office or at the Chem¬
ical
&
Bank
Trust
Co.,
York City. Said bonds will
to the
;
New
be sold
highest responsible bidder
at not less than par
and accrued
interest. The highest bidder shall
be the one who offers the lowest
interest rate provided that
or more
if two
bidders offer to purchase
said bonds at the same lowest rate
v
of
interest, then such award shall
be made to the bidder
Said bonds
highest premium.
to be issued
able
offering the
are
subject to the favor¬
Chapman
of
opinion
&
Cutler, of Chicago, which will be
the
expense
of the
'Town and all bids shall be
so con¬
furnished
at
ditioned.;
check
Enclose
-
for
certified
a
$1,000, payable to
Town Treasurer.
,
sented
,
Bond
Offering
—
James
10:
pons
sequent coupons attached, where
they will be paid at par plus ac¬
crued interest to date called, plus
premium of $4 for each $100 of
..bonds redeemed.
Interest ceases
a
any
Road
Refunding,
dated Sept 10,
1952, being part of
sue
was
origi¬
nally scheduled to be awarded
Feb. 15.
' Nos.
,
on
i
;
Murray, Utah
Purchased—An
Bonds
issue
of
amounting to $120,purchased recently by
Salt
2% city bonds
000
was
Edward L. Burton & Co., of
Lake City.
and otherwise safeguard
bonds
-
will
be
$1,000;
redeemed
Said
interest thereon to
accrued
to
the
Central
Hanover
Co., New York City.
For the convenience of holders of
these bonds, they may
ed for
bb present¬
payment at the American
National Bank,
'
Austin*
*
*
The bill would
declare that all
sanitary districts created
Jan. 1 ^
prior to
1946, are valid regardless
ofany defects or
1
irregularities in
County Treasurer,
3%
Cook,
announces
drainage
spite of any questions
be i valid in
irregularities, and
legal, valid and
obligations of the san¬
of authority or
(P. O. Sinton), Tex.
Bond Call—Mrs. James G.
by? the the
April 10, 1946, and shall be pre¬
abliity.
San Patricio County Conservation
:
Denomination :f
their sal-
their creation.
It also specifies
(These bonds are part of the
$2,200,000 issue originally offered that all proceedings, elections and
on Feb. 15, the sale of which was
issuances of bonds by sanitary^ dis¬
postponed.)
tricts before Jan. 1, also should
and Reclamation District No.
that
refunding
that the bonds are
enforceable
itary districts
concerned.
.
bonds, Nos. 51 to 107, have been
for payment on March
called
at
the
American
Austin.
The bonds
sue
of
$107,000,
are
an
Spokane County Central Valley
Consolidated School District
May
10,
1941, in denominations of $1,000,
and
maturing
March 10-,
1951,
serially
•
■<
n
:
the out¬
original is¬
dated
® ^ ^
:
de<
clared, adding:
1
"So
next
,
1
convinced
am
that
the
step in the, task of private
enterprise is
an
attack upon the,
It does involve
' until
*
(P.O. Spokane),
Bond
bonds
$125,000 will be
voters at the
on
March 2.~
concerted effort
concerned, the producers of
materials,
fabricators,
vendors^
builders, real estate men, lenders,
labor—from the mine, the forest
and the quarry^ down to the finshed sold
or
rented house—an earn¬
est inquiry as to
whether any; of
seeking to get too much for
us are
too little."
^
The answer, Mr.'Foley declared^?
be found "in efficiency, in
readiness to adopt new? methods;
and techniques; in removal of un¬
necessary restrictive requirements
wherever they may be—in busi
ness, in local or Federal Govern¬
ment, in labor, in law."
Mr. Foley also warned against
the dangers; of inflationary trends"
and declared that unwise lending
today may "be one of the great
curses of the next few years ...
tremendously
may
amounting
to
submitted to the
election to be
impede
and
and long delay success in our real
objectives.
The losses of money
that might result would be? the
smallest part of the price we
would pay for a general inflation
of the price of housing."
Mail Shipments to
Germany Barred
request by Sen¬
La
Follette,
Wherry and Eastland that permis¬
sion be given church and other
charity organizations in the United
States to ship food by mail to the
occupied zones in Germany, Pres¬
ident Truman pointed out that
such a course was impossible, he
told; his1 news conference on Jan;
8, according to Associated Press
Washington advices.
The Presi-r
dent said that with present diffi¬
culties of transportation within^
no
shipments,
even
Germany,
food, could be sent through the
mails.
Subsequent to the Presi¬
In
reply to
ators
a
McCarran,
dent's
announcement,: \ Senator;
Wherry issued a statement, ac-*
cording to the Associated Press,
revealing that the Senators had
be
told mail service
restored
without
could not
unanimous
agreement by the Allied Control
Wash.
Election—An issue of con¬
struction
a
of all
been
10
National Bank,
standing balance of
that
remove
Comissioner
is to
v
interest
an>origm&y£r.
of $90,000."
issue of $150,000 coupon in¬
which
Series ; 1941,
maturing $9,000 April
of
bonds
...
1941,' 1
90, to the amount of $54,000,
37 to
sented
dustrial
been sold to C. N.
$345,000."
Bank & Trust
an
date called.
on
thereafter at par
Attorney-General, and the; ap¬
Road, Series 1940, dated Dec. 10,
proving opinion McCall, /Park¬
3 940, 2%, Nos. 161 to 230, 246 to
hurst & Crowe, of Dallas, together
265, and 271 to 275, to the amount with a
complete copy of the tran¬
of $95,000, maturing April 10, as
script of proceedings authorizing
follows: $20,000 in 1953 to 1955,
the ? bonds;; Enclose:
a, certified
$10,000 in 1956, and $5,000 in 1958, check for
$36,000, payable to the
being part of an original issue of City.
March
purchase
City, for payment, with cou¬
due Sept. 1, 1946, and sub¬
Lake
■
O. Barker will receive sealed bids
for the
and
,
until
15
$1,000
Said bonds should be pre¬
on or after March 1, 1946,
First National Bank, Salt
payable at any national
VIRGINIA
Burt & Co., of Dallas, as 2s, af bank designated by the purchaser.
These bonds, together with other
par.
Virginia (State of)
bonds of the City issued for Sea¬
Sanitary District Bonds Subject
Hartandale Independent Sch. ' ■
wall
and
Breakwater purposes
of Legislative Measure—Legisla¬
Dist (P. O. San Antonio), Texas
now outstanding and hereafter to
tion to establish; beyond doubt
Bond Sale—An issue of $350,000
be issued, will be payable prima¬
the validity of all County Sani¬
construction bonds has been pur¬
rily from revenues to be received
tary District bonds r issued prior
chased by; Dewar, Robertson >&
by the City from such donated to
Janv 1, 1946, was introduced in
Pancoast, of San Antonio.
State taxes, but constituting direct
the House of Delegates on Jan. 29,
Hockley County (P, O. Levelland), obligations of the City payable
from taxes collected by the City by Delegate J. J. Williams, Jr.,
Texas
to the extent th^it the donated rev¬ who explained that the measure is
Bond
Call — Z.
O.
Lincoln,
enues might be insufficient.
The general in application and de¬
County Judge, announces that the
Cityywill furnish, without expense
following described; bonds: have
signed to nullify any doubts as to
to the purchaser, a certified Copy
been tailed f or - pay ment on April
of the approving opinion of the legality and validity of the bonds
26 have
Jan,
Avith
,
Mayor
the
at
i
payment of the par value thereof
Trenton, Tenn.
:
the
•
Denominations
1941.
$500.
'
oral bids
will
the
of March 1, cost of building. In that we can
1941, bonds Nos. 22 to 140, amount¬ only proceed successfully together.
ing to $110,500.
Dated March 1, It does not involve cutting wages:.
Jan. 29 and have been
legality by McCall,. Parkhurst & Crowe of Dal¬
approved
fact,
light revenue series
interestpayment date
and accrued in¬
pons to be canceled.
Second high
terest -in inverse order on 30 days'
bid of 108 was made by C. H. Lit¬ las,
ft&vM
notice.
Rate of interest to be in
:f<Vi
!•"; Cf/*
** * t1- ft
tle & Co.
of 1%.
These
Erath County Road District No. 1 multiples of xk
*
i
Lewisburgi Tenn.
bonds are part of the $2,200,000
(P. O. Stephenville), Texas
Bond Offering—J. W. Gibson,
Bonds Sold—The $100,000 road issue authorized at the election
City Clerk, will receive sealed and bonds authorized at an election on held on Jan. 26.
Principal and
All
credit
sumer
UTAH
—
sive.
must be
to do its utmost not
said bonds, which
No. 1, Texas
Sold—An issue of $250,-
in 1969.
75,000 2% s.
pallas.'V
.
.
property
Foley Stresses Cutting
Of Housing Costs
,
>•'
ble
Rauscher,, Pierce & Co.,
The private building jindustry,:
Call-^The following rb-' in all of its
branches, was urged
funding bonds aggregating $501,- to make a united attack on the cost;
500 have been called for payment
of housing to bring decent homes
onJMarch, 1,^1947,- a,t par. an(d:. ncr within; themeans : of the .gbeat^
crued
interest, at the First Na¬ massof, Amierican. families with:
tional Bank of Dallas.
moderate or low incomes by Com-;
:; Series A, 4%,; Nos. 93 to, 433 and missioner Raymond?M. Foley, of
; 4$i to 550, to the amount of $419,the Federal "Hou'sing Administra-'
000, being all the outstanding op¬ tion in a speech in Detroit on
tional bonds of ain original issue Jan. 3 If
Speaking before a dinner ;
of $502,500.
> of the Board of: the. Commerce-*?
i
Series B,"4^ %, iNos. 19 to 136, Construction Council, Mr. Foley
to the amount of $91,500, being all said
private enterprise, if it is to
the outstanding optional bonds of claim
the
whole housing field,
an original issue of $107,000.
must accept it all and cannot "ig¬
Dated Feb. 1, 1937.
Due March nore or ^default -in? Jhe- problem1, 1948, to 1972. The: city will now areas of housing—the low income,:
middle income, the blight
pay the accrued interest on said the
bonds, up to the optional date areas; nnd
March* 1, 1947,' out of Sinking fund nority groups and the low rental
monies now on hand at said bank, fields."
He declared private enterprise
and holders need not wait until
"'
000,000 would yield the city $250,000. All the Providence bills went
$510,000
been pur¬
,
Bonds
Boerne, Texas
000
road
2V2 %
and
proved as to legality by W. P. Du¬
mas,: of Dallas.
These bonds, are
dated Jan. 15, 1946. •
;.
000
Bonds Sold—An issue
2y4%
has
bonds
Bond
' f
•
Approved—An
Legality
of
];
<•'
bonds, series of 1946, has been ap¬
Andrews, Texas
Bonds Sold
Another introduction would reenact the
:
"
vehicles
tor
issue
to $414,-
(P. O. Cranbury),
Texas
' ■t
v
r
chased by
of
Hood County
application of the
refund1 an issue, of ■;'y: Bond
to
refunding
Refused
.of - Education
has refused an
District
Stamford, Texas
Bond Sale^An issue of
amounting to
bonds
$500,000 was favorably voted at an
election iield recently,
•
"
impose a seat tax
To
Sch. Dist.,
ff■ '?;%fftrTexas
Refunding Application
—The: State; Board
.
levy
at
$8
Amarillo Independent
dwelling
than six units, to yield about
but
all
construction
Monday, February 25, 1946
FINANCIAL CHRONICLE
held
Commission, to which Mr. Wherry
took exception on
Americans
right
"to
were
the ground that
being denied the
express
their
-
native
humanitarianism and desires."
;•
•_
'•--'■.it
./
@FedFRASER