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MONDAY
1ls&
tmn
Keg. U.
Volume 159
Senegal
RAILROAD
>
:
A-NY
PUBLIC UTILITY
-
interest
rate
the
at
class
cumulative
of each 5Vzr/c
in
treasury
liberalized
announced
of
vacation
this
of
year
service
will
Heretofore
only
with
workers
from
.
which
has
following
receipt
shares
(no
par)
show
March 1, 1944.—V.
War Time,
Acme Steel Co.
•Net
profit
Earnings per share
This
fa
provision for reserves; for contingencies,Note—Estimated
^
<
Los Angeles
In
V
>:
v
normal
and
St. Louis Stock Exchange
\
.
Renegotiation—C. M, MacChesney, First Vice-President and Secre¬
states;: Renegotiation proceedings on the gross earnings for the
tary,
1942 are in progress with the U. S. Treasury Department. The
earnings for 1943 will, in all probability, also be renegotiated.
the best judgment of the management that the result of this
renegotiation will not - materially affect the net earnings in view of
year
is
the
for
reserves
contingencies
which
have
set
been
up
for
revenue
taxes
Federal
income
Fed.
excess
Int.
("2,976,598
taxesj
other
and
1,256,055
The
3,154,169
189,082
stock—.
pfd.
$4,256,264
.
2,268,986
2,268,986
$2,163,355
$1,987,278
$152,992
Balance
—V.
882
Sales
872
-877
Profit
Reserve
Transactions N. Y. Curb Exchange——
Excess
Net
56,963
68,066
income-^——
on
$2,627,116
$2,141,076
Stanley
excess
Total
surplus
1,395,404
dividends
$911,973
1,953,456
2,133,294
'
'•
$2,594,641
4,561
■r
36,888
'
84,561
103,347
103,347
111,931
454,603
537,838
500,226
468,510
'•'
$2,133,294
$2,326,096
$1,953,456
'
•
,
Balance
Assets—Cash
securities,
in
•
'
or
customers'
hand,
$2,614,314;
accounts
receivable
U
.S.
'
(less
Treasury
reserve
$714,775 post-war "refund
and equipment (less
plant
preuaid
Liabilities—Instalment
accrued
expenses,
of
loan,. $53,329;
$100,511;
taxes
Federal
reserve for
expenses,
$82,180;
accounts
accrued,
excess
profits
depreciation
i
tax,
payable and sundry
$101,483,* provision for in¬
Dominion
were
Mexico,
states,, in
earnings
Brake
$30,393 and $29,281,
was
Mexican
charge
in
.
'
-
No
Cr567,000
______
$2,991,459
$3,194,873
514,500
1,384,366
$3,38
514,500
1,307,456
$3.22
457,582
1,692.002
$3.56
_
arriving at'above net
$1,588,251
facilities
714,741
patents
the
♦Notes
on
its
that
for
the
received
report
1943
law
it
was
in
1942
Ramapo
Iron
Work'v Ltd.,
____
Post-war excess profits
3,093',
and
__
(less amortization)
Deferred charges
,
_____________
567,000
4,179,631
14,808,102
14,625,577
58,703
40,636
1,206,699
_—•
_
_
7,575,010
6,009
954,657
4,175,130
other
companies
Land, plant and equipment, emergency facilities
(less depreciation and amortization)______—
Patents
*
10,105,804
10,866,070
78,174 '
80,883
tax refund-
Investments—subsidiaries
1942
$5,821,240
5,421,290
_
•'Other assets
Bucyrus-Erie Co., which
amounted to $76,920.
from
stock,
it
was
has been
stated
reached.
Total
,7 v
that
It
is
the manage¬
renegotiation.* 7 7v
•
•
,
>
*
*
__j
.
452,855
1,206,699
U.
_
_
475,693
$51,239,038 $50,883,804
Liabilities—
Accounts
Accrued
.
and
after
receivable
•/Inventories
Co.,
respectively.
common
1942
accounts
1943
$5,900,378
5,197,291
8,316,218
-
_______
Goodwill
,
the
and
$1,602,290
203,438
18,115
Sheet, Dec. 31
'
on
Indebtedness of subsidiaries
subsidiary,
$1,600,538
608,657
18,115
18,067
Comparative Consolidated Balance
deposit and
1,350,000
1,950,000
earnings;
and equipm't
hand
U. S. Treasury tax notes___
part:
of
.
Co.—Dividends
settlement
opinion
1943: than
1
emergency
of
equities indicate no Government
refund assessment-is warranted.
The earning basis of settlement used
for 1942 was substantially above the 1943 results.
In spite of increased
shipments the ratio of profits before Federal taxes to sales was less
in
4,100,000
share
common
Amortization of
on
$6,531,687
36,814
Cr410,000
dividends
per
159,469
227,670
7,212
1,300,000
5,667,000
' 1,350,000
_
"dividends
subsidiary.-—
renegotiation."
Of war contracts for that year had been completed and a deduction
of $1,000,000, th<» amount of the
refund, made from the year's ship¬
ment's
$9,398,671
-
Shoe
$155,671.
Renegotiation—In
ments.
of $2,-
goodwill, $1,192,643;
;7
President,
Jr.,
Companies—Net
paid $0.60 per share
r
.
708,800), $3,035,371;
total, $9,243,856.
Given
Bucyrus-Erie
of
$113,609 miscellaneous- accounts receivable (including $3,402 due from
employees), $18,046; inventories of flour,
ingredients, supplies and
$263,968;
B,
sidiaries
$10,161), $208,950; claim for refund of 1940 Federal excess profits tax,
products,
de
132,077
251,612
Assets--
70%-owned
dollars
Sheet, Jan. 1, 1944
and
banks
$1,000,000;
Vice-President
named
Managing
Ltd., in United States
No dividends were paid
by either company.
'
The parent company's equity in 1943 undistributed earnings of sub¬
$1,682,668
deducting post-war refund (estimated) of $108,294 in 1942 and
♦After
been
Airlines
and
National
Bearing Metals Corp., after appropriation of $50,000 as a reserve for
post-war adjustments, were $526,890, which, after preferred dividends
of $214,795, equal $2.61 per share of its common stock, as compared
with net earnings after the same adjustment in 1942 of $2.07 per share.
In each year common dividends of $1 were paid.
It is important toretain a substantial part of the earnings to strengthen the quick asset
and
$155,045 in 1943.
has
position for the post-war period.,
Earnings of the wholly-owned Canadian
219,315
1
surplus
Rea
American
Vice-President
elected
American Brake Shoe Co.—Annual Report—
Subsidiary
$2,551,029
606,587
176,036
Miscellaneous debits—.
earned
Tull
for
been
has
159, p. 729.
Wm.
1,595,036
•V*'
—
A dividends-—
1941.
$6,144,548
$9,014,982
95,380
203,364
prof, tax refund
Note—Deducted in
Cash
$951,432
:
1,682,668
$3,159,755
$3,193,280
Class B dividends——.
Total
King
and
operations
V.
140,307
$953,368
G,
___
tax
exc.
Amortization of
'395,810
252,930
surplus—--—.
Preferred
Class
565,878
*980,312
credits
Surplus
•
$1,059,986
■
earned
Previous
22,157
579,549
profits tax.
income
Net
Director
631.369
27,833
1
taxes
income
Fed.
733,059
45,892
<fe State
Fed.
for
Prov.
834,982
notes
V
$3,111,659
surtax
Depreciation of plant
American Airlines, Inc.—New Officials—
■
of
,
1942
$8,246,260
94,601
_
and
earnings
Earnings
47,691
55,254
$3,260,450
$3,915,813
repairs,
depr.
plant and equip—-
equip¬
be
$7,947,515
_
profits
Common
•
.
railway
on
Account, Years Ended Dec. 31
consolidated™
not
income
Preferred
Maint..,
Interest
formerly 21%, can
operations
normal
Less post-war
1, *44 Dec. 26, '42 Dec. 27, '41 Dec. 28, '40
$3,847,747
$3,203,487
$2,571,863
$2,093,385
__
from
Total
855
855
855
Transactions N. Y. Stock Exchange——
•
Total
sales,
income
Federal
Jan.
profit-—
first
ton^miles of railroad traffic and 30% on railroad success7
——
: —
__ _ _—..—
Other charges
—.877
System
American Bakeries Co.—Earningsoperating
and
railroads
depend
earnings;
Automotive
Other
Stock and Bond Averages
Miscellaneous income
to
sales
divided between the parts
result from the
periods the dependence on mileage is greater than on production.
The many parts for mining, refining end excavating were 14%
of
the total.
This volume is dependent on the activity in mining, con- •
struction
of
highways,
water
power
developments,
other
public
.
Dlvs. from subs,
—878>
of Member Banks of
Statement
Federal
159, p. 545.
Years Ended:—
Net
went
their financial pesition.
1943
Clearings.—
Reserve Banks
3,910,762
$4,432,341
$202,454
$342,075 1
income
Divs.y on
on
sales—company and all subs.;... $89,070,356 $77,187,796
^^.2.
Net sales—co. & consol. subs._____
72,049,110
62,793,260 $50,934,299
Cost of sales
59,334,762
49,399,574 40,290,165
Sell., admin., research & gen. exps.
4,739,655
4,374,665
3,873,662
Doubtful accounts-,
27,178
4,040
4,688
Pensions funded
621,236
Combined Condition Statement of Federal
$8,167,025
259,654
Course of Bank
Condition
Net
sales
Railroad
Miscellaneous sales of 23%
previously flowed to a cross section of
the country's industries.
Each division supplies an important portion.
Many items are parts for the manufacturing equipment <?f industry.
NewS—833
Foreign Exchange Rates——
$391,536
;
189,082
256,237
deduc.-
2,715,086
3,987,501
$7,586,510
$651,190
$598,311
Income
Gross.
State and City Bond Offerings and
J 1,454,894
{4,486,589
_]
taxes— x
prof,
asking
are
works, etc.
Redemption Calls & Sinking Fund Notices._873
Dividends Declared and Payable—
873
3,015,600
3,195,200
deprec.__
General
General Corporation and Investment
1944—12 Mos.—1943
$2,466,277 $30,558,536 $28,288,587
10,858,744
9,147,320
$2,734,600
___
stockholders
: Net
1944— Month—1943
_______
expenses
for
dollar
of
Miscellaneous Features
Period End. Jan. 31—r
Provision
42%
Consolidated Income
158, p. 1821.
Operating
,
—-871
———
Alabama Power Co.—Earnings—
Gross
future,
of production is of parts for original equipment
parts that are cast of ferrous and non-ferrous
manufacturers.
and
1942
the
into
which go into automobile production and those which
national automotive mileage.
Here again in normal
Exchange
Stock
Pittsburgh
1941
depend on
net
Philadelphia Stock Exchange———————868
profits
surtaxes
excess
amounted to $881,848.
Sales—Looking
the customers'
Such products
as
brake shoes and car wheels, being operating items, mainly vary in
sales volume with car miles of operation, while the volume of such
products as trackwork is more susceptible to the degree of railroad'
prosperity.
It is estimated that 70% of the company's railroad sales
+
Over-the-Counter Markets
estimated
estimated
and
$5,281,084,
1943,
31,
,
use.
7 volume of traffic and second
Std<dcTExchaiW£^
gross
Dec.
15%,
$19,000,000
maintenance;
ment
Exchange_____
It
to
increase of
an
metals; upset and drop forged;., of molded fabrics and plastics.
-865
Chicago Stock Exchange-—.-—
866
Cincinnati Stock Exchange—
866
Cleveland Stock Exchange.-—————867
Detroit Stock Exchange--——-—————867
1943,
ended
months
12
1942,
$25,000,000 to $89,000,000.
In peace-times 90%
and
—————868
868
Montreal Stock Exchange--.——868
Montreal Curb Exchange.-—-—-—869
Toronto Stock Exchange—
-869
Toronto Stock Exchange—Curb Section
.870
the
amounted
in
$77,200,000
$89,-
abnormally low, and taxes to be paid on such earnings as accrue.
It
is
felt a
more
detailed explanation of the markets to which peace¬
time products go will help any estimate of future sales.
(Stocks)
—845
(Bonds)-———856
New York Curb Exchange
860
Baltimore Stock Exchange
865
$1,709,624
$5.21
*
its
post-war prospects.
Obviously the earnings then will depend
volume of sales; the difference between costs and sales prices, now
on
New York Stock Exchange
to $220,462.
1943.—V,
and
in
now
Issue
New York Stock Exchange
profits taxes amounted to $1,467,834 for the
and estim. normal and surtax amounted
excess
1
were
subsidiaries
and
company
the company were $72,000,000 in 1943, $62,800,000 in
in 1928.
At the ytar-end unfilled orders were
Shipments of
Page
profit after taxes, post-war refund of excess profits taxes and
quarter ended Dec. 31,
<
increase from
an
1942,
Stock and Bond Quotations
Boston Stock
$1,999,667
$6.09
with
compared
as
the
of
about
1943—12 Mos —1942
$489,656
$1.49
$583,894
$1.78
$650,000.
expenditures were $2,330,000, as compared with de¬
preciation and' amortization charges bf $2,303,000.
It is estimated
1944
expenditures
will somewhat exceed
1943.
Government-owned
plant facilities cost $725,0007 of which approximately
$560,000 is
(& Subs.)—Earnings—
1943—3 Mos.—4942
the cancel¬
total
Plant—Capital
159, p. 729.
Period End. Dec. 31—
now
largely flowed to increasing costs in
$31,700,000, an increase of $2,700,000 in the year.
The subscription privilege expires at 3 p. m.,
exercise of the warrants.
through
other cancellations
Beginning with the low year of 1938, the six years of expanding volume
New York has
of
and
cancellations
Volume—Shipments
000,000,
been appointed co-agent to
transfer, split and group subscription warrants for common shares of
the company and to accept subscriptions for the common shares upon
Trust Co.
these
for
such
of non-irenegotiable sales.
1942
Employees with five years of service or more are entitled to a twoweek vacation wjth pay,
as has been customary
in previous years.
—V. 159, p. 633.
total amount applied for 849,958 shares.
Guaranty
•'*
of
for losses suffered
reimbursement
Claims
effect
The
to a week's vacation with pay.
cut in half,
authorized the listing of 94,439
on official
notice of issuance,
Stock Exchange has
common
making the
For
the war effort.
In these cases the additional orders
placed by the Government, yet it is disputing the com¬
never
lations.
same types of materials in equivalent or greater
cooperation in readily accepting cancellations was
for the
its
pany's right to
been
least two years of service were
Now this minimum has been
at
the company has experienced
to
Post-iVar
additional
taxes
contracts
important
benefit,
company
'
,
one
as
for all of its plants,
approval from the National War Labor Board.
by
Laboratories—Listing of Additional Common
York
New
"Net
total, $9,-
new
hourly-rated workers,
plan for
little
as
Shares—
'■•
cost), Z)r$42,715;
'
entitled
•
Eastern
(1,800 shares at
Contracts—Like others,
War
cancellations of contracts for war material.
In the early part,
certain
cancellations were accepted and claims thereunder
waived on the Government statement that Brake Shoe would receive
1942
were
A
employees with
Aug. 31, 1937, to indicate that such debentures are
such supplemental indenture.
It will not be necessary to
present such debentures in order to obtain such payment.
Also pursuant
to
the
aforesaid
provisions,
principal and interest payable
March 1, 1S44, will be paid to holders of debentures not so fully regis¬
tered and stamped, only upon presentation of their debentures and
coupons, if any, for stamping to indicate that such payment has been
made, at the; principal office of. the aforesaid: trustee at 40 Wall St.,
/New York, N. Y.
;
Charles W. Devoy is President of this corporation, which is located
:
at 57 William St., New York, N. Y.~V. 158, p. 634.
>
Cancelled
volume—that
to
Abbott
Copy
a
MISCELLANEOUS
■
of
Aluminum Co. of America—Vacation Plan—
dated
indenture
Cents
60
many
-.
par
no
stock
B
INSURANCE
-
profits taxes, $2,142,180; unsecured long-term loans,
A stock (7,558 no par shares), $333,563; class B
shares), $2,932,739; earned surplus, $2,326,096;
class
(7,556
243,856.—V. 159, p. 441.
of
said payment from March 1, 1935, to March 1,
1944, will be made on March 1, 1944.
Said
principal and interest will be paid by check to holders of
debentures,
fully registered both as to principal and interest and
stamped by President and Directors of the Manhattan Company, the
trustee under the indenture dated March
1, 1935, and supplemental
The
Price
annum on
per
subject
Office
INDUSTRIAL
-
excess
$1,296,671;
stock
A payment of 19% of the principal amount
income debenture due March... 1, 1955, with
•
andi
come
Prin¬
on
cipal—
SVa%
Pat.
Corporation anil Investment Mews
Corp.—Payment
Realizing:
B-NY
&
S.
New York, N. Y., Monday, February 28,1944
Number 4259
,
W
28
f£B
payable
$3,064,461
_
accounts
1,282,590
S. income and excess profits taxes_______—
5,668,442
Renegotiation cf Government contracts________
Reserve
5'/4%
for contingencies
cumulative preferred
Common
stock
($100
par)_J.
stock
(769,092 no par shares)
Capital
surplus
Earned surplus—
—
Total
♦After
—V.
______
1,392,057
—_____________________
$2,196,478
930,315
7,211,506
1,000,000
926,809
9,800,000
9,800,009
12,544,800
7,387,182
10,039,507
12,544,809
7,387,182
8,886,713
$51,239,038 $50,883,804
deducting reserves of $220,000 in 1943 and $190,000 in 1942.
158, p. 2461.
...
,
in
special
1,
shares of capital stock (par $25) at
with a special commission of $1 a
offering of 7,900
$83% per share,
1943
dross profit *
Other
Total
3,881,847
——
income
■iOther deductions
-
and Can. taxes on income—
for Federal
Prov.
taxes
Code
Revenue
Total
n
.u-wai
..
income
; 13,335,759
—__
share—
7,421,994
—
S3.43
—~
Normal
8,040,493
$4.03
Canadian taxes on income
1943
:•
1942
$6,583,500 , $7,850,Q00
——-
credit^-—
credit
refund
Post-war
retirement
Balance
31—
Subs. Consolidated—
Operating
dollar.
—
Depreciation
—
tFederal income taxes
tFed.
in 1943 and
depreciation aggregated $7,680,326
revenue
Maintenance
-
for
Provision
(3)
profits tax
excess
-
Other taxes
.
-
-
income
Operating
report prepared for the Pi'ice Adjustment Board of the
in connection with renegotiation of the parent
business for 1942, was mailed to stockholders in
December,
1943,
after the Price Adjustment Board had made its
examination and announced that no unreasonable profits had been
realized and that no refunds would be required.
subject to review as specified
Obviously, pending such a review,
the result of renegotiation cannot be definitely stated.
The rats of
return, however, on the company's war business in 1943 was lower
than that of 1942.
Accordingly the company has not considered it
necessary to provide a reserve for this purpose.
The same can be
said of Ammunition Container Corp.
from which no refunds were
Other
A
special
the
funded debt
on
Amort,
of
2,381,402
604,992
-
and
require,
Comparative Consolidated Balance Sheet, Dec.
Assets—;'1
demand deposits in
Cash on hand and
tJ,. S.
Accounts
receivable
bills
and
common
on
tra:)
3,884,098
1,103,340
2,763,228
1,424,457
2,684,455
12,214,710
9,764,698
2,500,000
*1,259,997
2,450,013
2,491,482
1:11,659,888
*1,259,997
2,450,013
2,491,432
58,069,318
Divs.
-
profits taxes—
,
-
981,181
payable and accrued expenses
Int.
Reserve for Federal
U.
Govt,
S.
$12,989,182
2,577.081
payable
contracts
war
9,237,020
inc. -.
certain
loer contra i_;
& Canadian taxes on
accounts
and
Advances
Federal
Earned
surplus
of
5,000,000
1,558,595
41,233,300
61,849,950
than
deducting allowances for doubtful items of $645,400 in 1943
in 1942.
tAfter deducting allowances for depreciation
in 1942.—V,
John
of
of
th's
E.
Rovensky
comoanv
was
as
Chairman
announced
on
the
of
Feb.
23
the
Mr.
Rovenskv,
who
has
been
a
also announced that the executive committee has been
enlarged from three to five members.
The other new member of the
committee will be Walter J. Cummings of Chicago, who is now a
of
the
company.
New Director—
W.
Stancliffe has been
L.
elected
a
the board.—V,
member of
159.
633.
p.
being offered at $11 a share to its stockholders of
record March 10, on the basis of one-half new share for each share
now held.
The stock purchase warrants are to be exercisable for 30
days after issuance, and will expire finally on April 20, according to
the registration statement.
► *
t
-.Nt, • «
Proceeds
to
to
meet
the
of
or
the
will be $1,100,000,
requirements for admission
company
capital
States
acquire
a
and
stock
territories
fire
of
the
insurance
which
to
United
company,
States,
(2)
(3)
to
or¬
retain
a
larger portion of its business without resorting to reinsurance.—V. 159,
p.
546.
A
in
banks
loans
——
(less ceded reinsur. balances)
due and accrued-—
————
admitted assets
----
——
-
.
dividend
class
(Cities Power &
of
B stock,
38%
cents
has been
per
on
in cash,
the
$2,75
or
l/32nd
cumul.
Profit
Other
amount $200,630.
■V.
158,
p.
Other
Counsel in
-v
A.
War
of
a
for
Preferred
158,
p.
share
2,800,000
A
dividend
par
United
$114,060
816,177
Dec.
SI,
of $1
share has been
obligations-—-.—-—
States
trade (less reserves)
.
assets—
current
11,310
$
20,269,219
7,821,347
2,100,000
15,909,815
45,943,911
349,530
100,000
■
19,247,641
55,119,616
983,708
(not' consoi.):
111,629
Equity in net assetsCapital stock ed open account,—
14,899
,
1,000,000
Fixed
957,402
$2,976,615
(net)
assets
Other
•
deferred
and
assets
________
.
■
,
$2,487,494
2,862,397
taxes
before
renegotiation-
28,145,092
2,000,000
net; renegotiation refund
liabilities—,
current
________
Building
.Special reserve for war contingencies
—
7%
cumulative preferred stock (par $100) —
mtge
Common
// Capital
on
American Woolen
stock
no
par)___
————
surplus
.
;
"Restated.- -V.
.
record Feb. 26.
.
stock,
A like
.
159,
p.
6,000,000
35,000,000
Power
1,068,750
>
4,000,000
35,000,000
2,000,000
2,000,000
21,293,714
20,646,794
4,767,717
731.'
American Water Works & Electric Co.,
Output—/week
2,580,000
463,295
848,675
1,037,500
109,118,010 107,233,876
Total
Dividend—
2,560,865
26,759,760
:
7,443,138
(400,000 shares
surplus
-
$5,000,000
2,386,695
—
—
for Federal
Reserve for
3 '/a %
993,284
1
/: Notes-: .payable;'
Accounts payable
Other
22,953,381
109,118,010 107,233,876
Reserve
,
charges
22,675,760
1,758,145
;
'
;
•
Total
/Accrued liabilities
declared on the common
11 to holders of
*1942
,$
Textile Realty Co.
77/665
;•/
per
1943
banks and on hand—
Inventories
Other
declared a dividend of 25
value, payable March
2,800,000
2,000,000
1943
-
no
2,580,000
dividend
Assets—
has been appointed
Building Co.—$1 Common
9,403,831
(Cr.)
special reserves-
Balance Sheet,
7,896
below.—V. 158, p. 942. '
2150.
2,730,000
2,000,000
2,000,000
credits
"Restated.
Inc.—25-Cent Disbursement— /
cents per share on the
capital stock, no par value, payable March 15 to holders of record
Feb. 24.
A like amount was disbursed in each quarter during 1943.—
American Ship
27,300,000
2,700,000
9,475,421
post-war
American Meter Co.,
directors have
2,300,000
27,000,000
:
and
refund
contingencies
Earned
The
1>260,500
2»70tt,000
tax
Liabilities—
,
1,298,848
1,302,628
;
Renegotiation
<
Corp.-—To Redeem Bonds—-
:X
:____
before renegotiation-
income
Provision
1,287,176
896,546
depreciation—:
for
Income* taxes
1125.
Sundberg,
38,833,179
charges
10,702
• 53,669
16,619
1,000,000
•> >
formerly Assistant Treasurer,
Secretary.—V. 159, p. 634.
,
~
Carl
37,546,002
38,674,596
taxes—.
depreciation and
before
Excess profits
150,534
Locomotive Co>-^New Appointments-has been apopinted Vice-President and General
charge of corporate and legal affairs, the Associated Press
reported.
37,811,742
862,853
Provisions for Federal taxes
Net
Williams
D.
expenses—,
income
Provision
American
C.
V
,
159,000
,
1,267,181
$
205,181,461
164,184,791
3,604,007
3,450,667
operations
from
Income
378,139
■
"1942
returns & allowances, etc. 197,505,136
of sales, exclusive of depreciat.on—
156,069,386
Selling, general and administrative
1,020,849
$3,272,434
General Aniline & Film. Corp,
See
class A stock,
eeries of 1936, par $25, payable April l to holders of record March 11.
Cost
479,160
807,570
■—
*l -
1943
less discounts,
Accounts receivable,
a
'
$
$770,334
$127,396
loss expenses
Years
for Calendar
Account
Income
'
$3,272,43*" $2,976,615
for
Surplus
Light Corp.—Dividend—*
share
declared
■
for unearned premiums
,
exps., taxes and conting. commissions .
due or accrued
—
Reserve for all other items—
Capital stock ($10 par value)——
'•
V.
American
Consolidated
1942
$768,366
495,245
r,233,105
434,517
* 159,000
160,262
11,194
10,745 -
_____
——— —
,
Its present
mortgage
such
of
Debt-retirement
1943-
Reserve
Res.
and
A liquidating
total
As At Dec. 31
Government™——
Liabilities—
for losses and
cash
balance sheet at book values as "equity In net
dividend of $450,000 was paid in 1943, bringing
dividends paid by Textile Realty Co. to date to
$2,625,000, all of which has been credited to capital surplus.
Co.—Financial State¬
*
Reserve
determined.
notes receivable, and the
American Woolen Co. in Textile Realty Co. is now
of
the
in
assets."
will
be used
transact business
and
9,927,716
credit part of which
retirement. The tax
the 10% post-war
realized as a result of debt
■
the
formerly be
could not
remaining fixed assets,
of its
disposed
has finally
only
of
Investment
: ■
Total
has filed a registration statement with the Securities
are
consist
value
realizable
630,282
9,994,622
1,135,102
795,430
American I.-G. Chemical
shares
whose
Cash in
Exchange Commission covering 100,000 shares of ($5 par) capital
There will be no underwriting of the issue.
.
*
all
for
:
S.
had bank loans outstanding
these loans was paid off on
had no occasion to borrow
1,689,209
.Total
The company
(1)
1,689,209
Interest
stock.
in
140,767
——
hand and in
on
Other
SEC—
ganize
140,767
has
company
amount
the year Textile Realty Co., the wholly owned subsidiary
organized in 1931 to liquidate inactive plants and miscel¬
properties,
1,098.358
168,695
———
*Face
The
13,345,566
1,070,912
633,981
Bonds-—all;- other-i—
American Casualty Co., Reading, Pa.—Registers With
and
13,388,725
90,640
165,953
Vice
Hardy
director
1,532,462
Premium balances
executive com¬
by Charles J.
post,
new
Mr.
1,193,245
...V 88,353
the one month December, 1942 was
it would have been if certain changes
Bonds—U.
:
Mortgage
President of
the National City Bank since 1932 and has been a director of American
Car & Foundry Co. since 1940,
will resign from the bank to accept
President,
Hardy,
277,376
Financial Statement
Stocks
159, p. 345.
American Car & Foundry Co.—New ExecutiveElection
281,721
Assets—""
Cash
mittee
20,901
American Home Fire Assurance
ment— :
64,668,870
231,103,056 235,018,420;:
1943 and $81,282,116
13,622,942
approximately $250,000
in the Federal excess
profits tax base and certain adjustments of depreciation for income
tax
purposes which were made in December, 1942, had been spread
equitably over the entire year 1942.—V. 159, p. 209.
10,000,000
$659,500
earned
stock
currently
be
to
charge for
23.317,119
5,000,000
1,811,083
41,233,300
61,849,950
67,905,822
——_
$87,422,899 in
13,670,445
tAfter deducting
"Deficit.
is
11,874,824
10,000,090
—<
"■After
1,553,363
.income taxes—
pfd. stock
common
2,571,081
18.499 618
(par $25)—
Total
and
on
less
10-year 2% debentures, due Feb. 1, 1951—
for compensation Insurance.—
Reserve
for contingencies
—
7% cumulative preferred stock (par $100)
stock
36,874
Sales,
under
Res.
Common
36,170
was
presented
deductions
misc.
&
Balance
—____—
During
laneous
the
$1,000,000
11.938,681
payable
816,889
1,223,507
•————
231,103,056 235,018,420
Dividends
10,638
General taxes and exps.,
Divs.
loan
Accounts
2,664
—
769,587
additional
since, then.
which
64,103
'
30,261
Total
,
1—
17,
an
2.35% in 1942.
1942 tiie company
The last of
or
31,
$5,000,000.
1943 and the
to
assets
liabilities—
Bank
649,978'
63,333
net
machinery, equipment.
Deferred charges to future operation—_L—
9,627,719
"649,978
9,764,698
.
54,165
'
Other income
1,950,000
—
398,505
147,000
112,357,563 116,282,174
1,468,318
1,668,071
buildings,
Total
"
657,662
adjustment of prior ; years'; Federal
carry-bank provision of Internal
—
-2,684,455
2,763,228
54,165
stocks
pfd. stocks—
bonds and
advances
23,317,119
Htaxes under
refund of excess
on
Dec.
at
authorized
have
$4,823,831,
As
March
Interest on
650.305
230,217
'
at cost or less
■'Deferred accounts and bills receivable
tLand,
com.
on
Divs.
a
amounting
consolidated— ;■<.,<
~
._____
With
/
subs.
Elec. Co. from
1
of
on
directors
The
in¬
income
esti¬
reserve of $2,000,000 for the year 1943 has been
lower volume of renegotiable contracts as against
Tne
1942.
of $2,000,000
from the profits of 1943 to be added to the special contingency reserve
to provide for inventory and other losses which may be sustained at
the end of the, wat.
This brings the aggregate amount of the con¬
tingency reserve to $6,000,000 as of Dec. 31, 1943.
After all charges, including provision for Federal income and excess
profits taxes, $2,000,000 for the reserve for renegotiation refund, and
addition of $2,000,000 to the special contingency reserve, the net profit
was
$5,475,421, or 2.77%
on
the net volume of sales as compared
mated
_
of Amer. Gas &
Income
amounting to $2,580,000.
This amount is the actual,
resulting from the renegot.atlon
refund of
allowance lor the reduction of income taxes caused
after
12,119,201
9,627,719
con-
that would result therefrom.
has presented in this report
taxes
company
earnings
of
$9,150,000
3,884,099
323,692
stocks
income
the
renegotiation and the net effect of renegotiation shown
reserve
a
reduction
above)-.
(as
subs,
15,357,245
stocks and bonds,
Revenue Code
as
before
shown
387,382
■
of
necessity,
figures for the year 1942 on the same basis as for 1943 which means
that
sales and the provis.on for income taxes for
1942 have been
Co.—
net
Undistr.
of
this
of
a
reduction
the
for
Because
1943, sales
full before
reserve for renegotiation refund set up based
the net effect of renegotiation after making allow¬
and
estimate
an
ance
Gas and
American
Electric
''
865,996
for
subs.
of
come
18,499,618
—
Post-war
such refund.
Accordingly, in the figures for
for income taxes have had to be shown in
provision
renegotiation,
323,692
net
Undistributed
60,122,143
—
and
*1,659,888
Divs.
16,436,310
—
Inventories
Estimated
1942
differ- in
thereby.
31
"Expenditures: recoverable under -certain——L _—
Government war contracts' and unexpended
.
balance of advances represented by cash on
hand and demand deposits in banks, per con¬
M'scellaneous
/ 31,
and
„
stocks
common
"
1943
1942
banks— $16,490,076 $16,038,650
certificates--^—-—2,500,000
Treasury
of income and profit and loss for the year ended
and the balance sheet at that date have; been revised
the manner of presentation from those In the annual
report for the year 1942. . These changes do not affect the nk
earnings for that year carried to earned surplus, and are made only
to permit comparison with
1943 figures.
The reason for this is that
renegotiation of the profits of the company from its war contracts
has not yet been started for the year 1943, but had been completed
for. the year 1942 when the report for that year was prepared.
Tnerefore, in the report for 1942 it was possible to show the exact amount
of the renegotiation refund due and to compute the, provision for
income
taxes on
the basis of earnings Tor that year, after* giving
effect to the renegotiation refund.
For 1943, however, inasmuch as
renegotiation has not yet been started, it has been . necessary to: set
up. a reserve for renegotiation refund, the amount of which had to
be estimated because there is no definite pre-determined formula for
statement
The
Dec.
99,999
47,727
19,927
Trinidad is $12.—V. 159, p. 729.
American Woolen Co., Inc.—-Annual Report—
on
earned
Balance
operations of The Amertorp Corp. to Dec. 31, 1943
Is now in rocess.
On the basis of hearings before the Price Adjust¬
ment Board, it is believed that renegotiation of the contracts of this
subsidiary will have no effect on the financial statements.
-
8,333
71,901
.
preferred stocks
all
of
Ltd.
23,786,342
7,295,660
>
Co. centered
operates the
Trinidad, emplcying the radio stations of Cable & Wireless,
The rate for a three-minute call between the southeastern section
of the United States and
v ..
de-
i
div.
Annual
24,226,359
7,213,827
25,871
adjust.
interest
ductions
required in 1942.
Review
this country and the British' island possession of Trinidad. ■
to Trinidad is handled through the short wave radio tele¬
in
service
plant
elec.
acquisition
is likewise
1943
for
Interest
Profits Control Act."
"War
United States on
facilities of the American Telephone & Telegraph
Miami.
The Trinidad Consolidated Telephones, Ltd.,
at
23;530,008
256,334
23,958,178
268,180
neighbor was brought into closer contact With
Feb. 23 when radio telephone service was opened
phone
on
income
Gross
war
business
Such
In
2,358,629
22,772
J
Opened Feb. 23—
Service
(& Subs-) —Earnings—*
2,124,650
599,846
Department
War
the
between
Distribution—
2,109,851
14,799
.
34,539,180 168,530,764 163,033,894
40,077,910
Indies
West
Another
31,137,890
29,038,718
3,310,887
2,473,583
operating income
1
Income
Telephone Service to Trinidad
computing
Renegotiation of War Contracts
Other income
company's
19,914,660 209,575,760 199,441,189
9,741,384 118,791,864 100,485,432
6,853,389 61,685,178 67,817,867
rev.__
cper.
-Net
50 cents per share
of record March T.
during /1943• and 1942.
$7,545,367 in 1942.
.
18,317,641
12,284,584
3,559,474
Net
1943—Month—1942
1943—12 Mos.—1942
$
$
$
$
10,015,341
9,162,025 111,841,183 .104,63.1,118
3,364,146
2,967,113 37,726,654 34,888,923
876,818
642,448
6,769,599
5,889,450
1,171,396
1,143,834 13,831,.658 13,359,350
639,704
786,289
7,770,179
7,716,124
1,043,846
586,498 11,860,532 ; 9,594,024
809,580
677,215. 9,924,383 - 9,653,240
•
Operation
Consolidated net income includes $851,726 in 1943 and $1,023,307 in 1942
(United States dollars) from Canadian operations after
translation
at
the
"official" rate of exchange of 90.09 cents per
(2.)
Canadian
Operating revenues—
Operating expenses——
Operating-'taxes—
1.
p.
Period End. Dec.
$8,850,000 $12,475,000
„
159i
disbursed in each quarter
was
American Gas & Electric Co.
301,000
'
like amount
—V.
$9,101,850 $12,923,000
251,850
147,000
—
___
25,500
20,012,660 210,468,260 2.00,360,189
98,000
892,500
819,000
Uncoil,
on Feb.. 16 declared a dividend of
stock, payable March 13 to holders
the common
on
A
5,073,000
2,518,350
profits taxes-
1943—12 Mos.—1942
;
18,343,141
revenues
.
Lines, Inc.—50-Gent
American Export
The directors
surtax-
and
income
Total
Debt
M
follows:
as
7
Excess
12,867,422
2,886,331
2,886,331
for Federal and
Provisions
Notes—(1)
were
500,000
-——
,
-—
common
per
13,367,422
__
—~
Common dividends
Earns,
13,335,759
_
____
dividends
Preferred
—
trans¬
tumenuies,
contingencies
ferred to reserve for
Net
oi„
Telegraph Co.—-Earhings—
-1943—Month—1942
—-
Operating
and without any material changes in the plan, revised purchase
been prepared and will be distributed to the stockholders,"
.
—
_
—
Pi
1,950,000
American Telephone &
said.
"When used, qualified Stockholder-purchasers will
be entitled to a basic ceiling, price of $18.62 per case of a blend of
straight whisky and to $28.37 per case of rye and straight bourbon
.bottled in bond."
,
'
...
,
Since the price at which stockholders may acquire the whisky and
the cash deposits thus far made for the first 16 cases remain un¬
changed, all that the stockholders residing in States which permit
them to resell the whisky need do is to execute the revised purchase
forms and send them to the trustee prior to April 20.
The differ¬
ence
between
the purchase price and resale price of all 18 cases
amounts to $65.48.
'
The trustee announced further that the record: date of Feb. 29 re¬
mains unchanged except for the purpose of determining those stock¬
holders entitled to proceeds of the sale of merchandise in respect of
which no purchase orders shall have been filed on or; before April 20,
1944, which date becomes the record date for determination of stock.holders entitled to receive such proceeds.-r-V. 159, .p,-345.
:
*..y-
13,387.422
—
—
March 31,
as
wer3
year
Feriod End. Dec. 31—
Geiger
Mr.
Federal
Internal
adjustment of prior years'
under carry-back provision of
Estimated
declared on the common
of record March 18.: Pay¬
June 30 and Sept. 30,
cents.—V. 157, p. 776,
cents per share has been
$2, payable March 31 to holders
forms have
20,633,772 27,106,359
398,013 1 1,263,937
8,850,000 12,475,000
11,385,759
special iteras_
income before
Net
under the, company's plan
1942.—V, 159, p. 2.
Distribution—
Stamping Co.—12^-Cent
follows:
12 Ms cents ea,ch) and »Dec. 31,
stockholders, on Feb. 23
the consent of the company/ he had extended the
time within which stockholders may purchase both. -16 cases of blended
whisky and two cases of whisky bottled;.in bond, fp.r/e^ch/, outstanding
share until the close of business on April 20. .
"After satisfactory conferences with the Office of Price Administra¬
tion,
par
last
ments
announced that, with
25,999,531
,1,106,828
16,751,925
— —
,
income
March 14, June 30 and Dec. 21,
A dividend of 12'/a
stock,
B. Geiger of Peoria,; 111./ trustee
distribution of whisky inventories; to
for
S
191,086,606 216,318,969
174,334,681 190.319,438
sales, after discounts and allowances
Cost of sales and selling, gen, and adm. exps,—
Co.—Time Extended for Whiskey
American DistiUing
June 30 and Dec. 1,
disbursed on this issue on April 15,
was
last year, and on
Dividend-
1942
$
amount
American
Gilbert
Ended Dec, 31
Net
.
1943,—V. 159, p. 345.
shareincome Account Years
B
class
In cash, or l/32nd of a share
last, and on May X and Oct.
of 34% cents per share
stock, was paid on Jan. 1,
distribution
A
Barney
American Cait Co.—Special Offering-—Smith,
& Co. and Dixon & Co., on Feb. 18 made a
Monday, February 28, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
834
i
output
ending
of
Feb.
the
12,
Inc.—Weekly
'
electric properties of this corporation for. the
1944, totaled 86,271,000 kwh., an increase of
Volume 159
7.26%
of
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4259
159,
rendered.
the corresponding week
the output of 80,432,000 kwh. for
over
1943.—V.
This sale is also subject to the acquiescence of the trustees
the-approval ,of, the court.
with:
634.
p.
Shore
Lake
•
Co.—50-Cent Dividend—
Anaconda Copper Mining
The directors have declared a dividend of 50 cents per
share on the
payable March 27 to holders of record March 7.
Pay¬
were as follows: • March 29, June 28 and Sept. 27,
50 cents each, and Dec. 20, a year-end of $1.—V. 158, p. 2246.
capital stock,
last
ments
year
entered
13,
also
subject
the
stock,
par $20, payable March 9 to holders of record Feb. 16.
Similar dis¬
tributions were made on March 11, June 10, Sept. 1 and Dec. 6, last
year.—V.
of
158,
$1
share has been declared on the common
per
2038.
p.
'.
''♦
Armour &
Co. of Delaware—Calls
Armour
demption
Armour
Co.
of
as
&
&,
Co.
(111.),
$1,800,400 of Debs.
April
of
has called for re¬
at 110 and interest, $1,800,400 of
cumulative income deventures (sub¬
1944,
1,
company,
successor
Delaware
7%
ordinated), due April 1, 1978.
Payment will be made through opera¬
tion
of the sinking fund
at The First National Bank of Chicago,
trustee, Chicago, 111.—V. 158, p. 2246.
Co.—Weekly Output—
Electric
&
*
The trustees of Associated
Corp, report for the
Gas &-Electric
n
week
Associated Gas &
Group was 142,249,806 units ikwh.). This is an increase of
8,110,960 units or 6.0% above production of 134,138,846 units a year
ended
Feb.
1944,
18,
electric
net
the
of
output
159,
731.
p.
Gas
Denis
-
report
Driscoll
J.
the
Willard
and
Thorp,
trustees/in their quarterly
in part:
..
in connection With the plan of reorganiza¬
of Associated Gas & Electric Co. (Ageco)
and
the
trustees
of
Agecorp.
Hearings were concluded before the
Securities and Exchange Commission on Oct. 13, 1943.
On Nov. 29,
on
operation,
L.
state,
Further progress was made
tion proposed by the trustee
1943, the staff of the Public Utilities Division of the Commission filed
proposed findings in which the staff recommended that the Commis¬
sion
approve
the plan provided it was modified in certain minor
respects.
On Dec.' 9,
1943, the trustee of Ageco, the trustees" of
Agecorp, and other interested parties filed
their counter-findings.
Briefs were then filed both by those supporting and those opposing^
"
the
plan.
Oral
-
17 and
Dec.
on
Dec.
On
filed
argument on
18,
of
No.
rights
the
plan may
new
common
the Commission
heard by
was
the trustee of Ageco and the trustees of Agecorp
2
to the plan.
This amendment clarifies the
1943,
Amendment
treatment
the plan
No decision has yet been rendered.
18, 1943.
shares to which participants under
increases the proposed authorization of
surviving company from 9,000,000 to 10,-.
fractional
to
be entitled and
stock
the
of
000,000 shares.
,'v The trustees wish to stress the fact that to become effective the plan
of
reorganization
mitted
be approved by the SEC and the court, sub¬
accepted by the requisite percentage of cred¬
is required by creditors at this time.
must
and
creditors
to
itors of each class.
Nov. 22, 1943, the court denied a motion made by the
indenture trustees for convertible debentures due 1973
On
•
and
debentures
ter's
due
the plan for compromise in advance of the receipt of
on
the plan of reorganization, on the ground
desired to consider simultaneously the plan for com¬
report on
decision
the
that
the
committees
and income
Agecorp, for consideration of the special mas¬
of
1978
the SEC
cf
court
promise and the plan of reorganization.
The plan for compromise
was
suggested by the trustees as a settlement of the issues involved
in the so-called Recap litigation, and was found by the special master
be
to
and
"fair
reasonable and
in every
The plan of
desirable."
way
reorganization gives effect to the plan for compromise.
Meanwhile the general operating problems of the System companies
the rehabilitation program for the System continue to receive the
On
measure
its
is that of progress made in meeting
the Public Utility Holding Company Act.
The SEC.
divestment order for the Associated System on
original
1942.
On Jan. 10, 1344, the Commission handed down its
and order granting the application of the trustees for an
extension
until
Aug. 13, 1944, of the time within which they are"
required to dispose of all their direct or indirect interest in the
properties listed in the Commission's divestment order of Aug. 13,
1942.
The Commission's opinion pointed out that in the year follow¬
13,
Aug.
opinion
trustees had divested
themselves of all interest in 58 of the 113 companies listed in the
order.
There were also sales of part of the properties of two other
companies, and three companies were eliminated by merger in that
period.
Since the above figures were compiled, further progress has
been made by the sale of 16 additional companies, the merger of three
companies and the liquidation of two companies, and by sales of part
of the properties of two other companies.
The Commission's opinion
makes special mention of the situation with respect to Manila Electric
Co. and Escudero Electric Service Co., pointing out that compliance;
with the divestment order with respect to these properties would be
impractical in the present situation.
ing
the
issuance
of
the divestment
Financial
order
the
Transactions
31, 1943, with the acquiescence of the
by the court on Dec. 21, 1943, The
United Coach Co. sold to Beneficial Loan Society, Wilmington, Del., its
Reading Properties—On Dec.
trustees
authorization
following
Reading properties represented by the following securities:
>
stock (no par) of Reading Street Ry. Co.;
20,000 shares of com. stock (par $50) of Reading Traction Co.;
$95,000 note receivable (demand, non-interest bearing) of Reading
5,874 shares of com.
'
Traction
r
..
Co,
dated Dec.
$1,000 first mortgage 6%
cf
the
29,
1937;
gold bond, due July 1, 1933, of Reading
.
$282,500 first
,
mortgage
5%,
of Reading & South-
(par $50)
1,
1936,
of Boyertown
&
" •••
purchase price for the above-mentioned securities was $750,000.
United Coach Co. received a dividend on the common stock of
The
Reading Street Ry. during December, 1943, of $726,606, representing
earned surplus at Nov. 30,
1943, and also received $13,352, repre¬
court.
Water
tax accruals of Reading Traction Co. for Federal income
and excess profits taxes.
The United Coach Co. also received a divi¬
dend of $43,281 on account of the net earnings of Reading Street Ry.
for
the month of December,
1943.
Messrs. Lybrand, Ross Bros. &
Montgomery are to determine the exact amount of the net earnings
for the month of December. 1943, and final adjustment of the divi¬
dend
of
the
earnings is to be made on the basis of such
purchaser, Reading Street Ry. Go. and Reading-
December
determination.
The
indemnified by The United Coach Co. against Federal
taxes for 1943 and prior years, and the performance of such indemnity
were
agreement was guaranteed by the trustees of Agecorp.
K-T Electric
&
Water Co.—On Dec.
Water.
its Franklin
14, 1943, K-T Electric &
subsidiary of Associated Electric Co., transferred
division
to
the
city
of
Franklin
and
the
Tennessee.
Valley Authority, receiving $200,001 therefor.
This sale has taken the
subsidiaries of Associated Electric Co. entirely out of the electric busi¬
ness
in Kentucky and leaves in K-T Electric & Water Co. only the
small water properties at Irvine, Ravenna, Pembroke and Hawesville,
Ky.
The gas properties in Kentucky are all consolidated in Owensboro Gas Co., another subsidiary of Associated Electric Co.
Co.,
a
electric
Ohio-Midland
Electric
its
of
Co.
.Light
entered
&
into
Power
a
Co.—On
contract
for
Nov.
the
19,
sale of
1943,
all
Associated
the securities
Ohio-Midland Light & Power Co., to Joseph B.
Wilson for a base price of $1,885,000.
Hearings on the proposed sale
■were held before the SEC Jan. 26 through Jan. 29, 1944.
Three rural
electric cooperatives and the Rural Electric Administration intervened
at these hearings.
They requested the Commission to deny Associated
Electric Co.'s application for exemption from the competitive bidding
requirements of the Commission's Rule U-50.
Oral argument was had
before the Commission on that request.
Decision has not yet been
subsidiary,
The Commercial and Financial Chronicle
,
of
the
Corp.,
Public
Florida Public Service Co.
and Sanford Gas Co.
-
Service
Corp.
Public Service Corp.
Debentures—There are
$20,000,000
offices:
Seibert,
135 S. La Salle St.,
of
secured debentures outstanding of which
a number of years been deposited
its
common stock of Jersey Central Power &
Light Co., representing all:
remaining common shares outstanding (except directors' shares).. •
By letter dated Dec. 30, 1943 to the holders of the above mentioned
certificates of deposit, the protective committee notified such holders,
•
water
production
has
retail
and
transmission
production
The
sale
customers.
facilities
are
refused
to permit the conveyance of Penelec Water Co.'s
transmission
facilities to
Pennsylvania Electric Co
and
the
of
above
Pennsylvania P.-U.
,
Spring. Brook
securities
Commission
is
subject
and
the
to
approval
the
of
the SEC.
Water_ Co.—Reference
^
been
made
in
previous
a
Hudson
Falls
for
base
a
price of $242,500.
The proposal to pur¬
provide the purchase price through the is¬
by the local electorate of Hudson Falls
on Nov. 17,1943.
The New YOrk PSC held an "initial hearing, on Feb.
4, 1944 on the joint petition of Spring Brook Water Co. and the
the
bonds
Hudson
of
The
was
Falls
that
urged
and
property
of
suance
for
the
proposed
the approval
to
,
approved
approval
Commission
sale
is
the
of
the
to
at
wtihout
was
subject
Village
which the company also
jurisdiction in the matter;
sale,
the (trustees
acquiescence of
with
of the court.
Virginia Public Service Co.—On Dec. 6, 1943 an agreement was exe¬
by General Gas & Electric Corp. and Virginia Electric and Power
for the purchase by the latter of all the common
stock of Virginia
,
Public
Service Co. owned
by General Gas & Electric Corp. and General
Electric Corp.'s rights, such as
they may be determined to be,
$1,165,166 held in escrow, representing the proceeds from $1,200,000
Virginia Public Service Co bonds formerly held by General Gas &
&
Gas
to
of
Electric Corp.
Under the terms of such agreement General Gas & Elec¬
tric Corp. was to receive: (1)
$1,000,000 in cash on the closing- date;
(2) an adjustment to reflect the change in the net current
position
from Sept. 30, 1943 to the
closing date, which it is estimated will result
in additional payments, of between
$600,000 and $700,000; and (3) pay¬
ments, contingent on earnings during the period of five vears from the
closing
items
date,
aggregating
(1)
30,
difference
and
Dec.
the
(2), and $2,500,000.
will not exceed $2,500,000.
On
Gas
&
1943
Electric
Corp.,
merger
Power Co.
of
Service
has
Power
Co.
Co.
Virginia
Under
of
above
The total aggregate purchase price
into
General
among
Electric and Power Co. and Engineers
supersedes the agreement dated Dec. 6, 1943.
the
net
alter
Public
all
the
consideration
Service
terms
assumed
under
total
Virginia
Public Service Co., which
The new agreement does
the
the
agreement was entered
new
a
between
the
of
the
Co.
into
new
but
contemplates
Electric and
Virginia
Engineers Public
Virginia Electric and
of
the
agreement dated Dec. 6, 1943.
The new agree¬
the approval ol regulatory bodies having jurisdic¬
acquiescence of the trustees with the approval of the
Court.
On Jan. 6,1944 an order was issued
by the Virginia State Cor-,
poration Commission granting its approval cf the
agreement.
Hearings
ment
tion
is
subject to
and
the
to
held before the SEC
were
Water
Properties
of
Feb.
on
Florida
2 and
1,
Public
10,
Service
•'
1944.
Co.—On
Nov,
Edison Co.
the
might
indemnify Chemical Bank & Trust Co.
be incurred by reason of such delivery
a lien asserted against the debentures
as trustee under the indenture securing
New
incurred
the
at
request of the protective committee.
Real Properties, Inc.—On Dec. 13, 1943
Associated
for
Court
the
Northern
District
of
of
and
Leedy, Wheeler & Co. dated
operations
in
Winter- Garden
Tide
would
Water
Power
Florida
Oct. .22, 19421
covered by
Winter
at
*
■
Public
Service
Co.
The water and electric
are
accordingly the water property
by Florida Public Service Co.
withdrawing
between
a
single
franchise
Garden, Fla.,
and
retained
was
:■
Co.—On
Nov. 17, 1943 the SEC issued its order
which under the Commission's Rule U-44
the exemption
otherwise have
been
applicable
to the proposed sale by General
Electric Corp. of all the shares of common stock of Tide Water
On Dec. 29. 1943 General Gas & Electric
Corp. iiled an ap¬
plication with the SEC for approval of the sale of the stock to Warren
Gas &
Elimination of Shiha & Co.r-On Dec. 2, 1943 Shinri & Co. feurrerito Associated Real Properties, Inc. its sole asset, 166 shares of
Railway and Bus Associates, as payment pur¬
dered
beneficial interest of The
suant
its
to
of
terms
the
of
note
for
base price of $55,000.
A hearing on this matter was held
before the Commission on Feb.
8, 1944.
This proposed sale is also sub¬
ject to the acquiescence of the trustees with the approval of the court.
Arizona
ciated
a
General
Electric
Utilities
Co.
Utilities
Co.
for
the
to
been -extended
to
Co.—The
the
Town
April
sale
of
all
of Thatcher
1944
30,
contract
its
entered
interest
for
a
because
base
of
in
into
by
Arizona
Asso¬
General
price of $455,000 has
to the
Supreme Court of Arizona by five residents of the Town of Safford on
their petition to enjoin the Town of Thatcher from
consummating the
purchase.
An order denying this petition was entered on Oct.
26, 1943
an
appeal
taken
by the Graham County Superior Court.
Granville
Service
Electric
Corp.
filed
Co.—On
Jan.
1944
Central
the Federal
Vermont
Public
Power Commission
seeking approval of the purchase of the physical properties of Granville
Electric Co. from NY PA NJ Utilities Co. for a base
price of $24,500. A
contract covering this-proposed sale was entered into
by NY
PA
NJ
and Central Vermont Public Service
The consummation
of
this
transaction
is
Corp. on July 7, 1943.
subject to obtaining the nec¬
approvals from regulatory bodies having jurisdiction and to the
acquiescence of the trustees with the approval of the court.
-Storage Buildings of Georgia Power and Light Co.—On Dec. 1, 1943
ice and meat storage
buildings located at Donaldsonville and Colquit, Ga., owned by Georgia Power and Light Co., a subsidiary of Gen¬
eral Gas & Electric
Corp., were sold to Atlantic Ice & Cold Storage Co.
for $10,000.
Atlantic Ice & Cold Storage Co. is the lessee of all the ice
properties of Georgia Power and Light Co.
Corporate Developments
Merger of Florida Companies—Reference
to
Sanford
the
Gas
program
Co.
and
for
the
Sante
Fe
merger
of
was
"
made in previous re¬
Public Service Co.,
Florida
Land
Co., subsidiaries in the General
Gas & Electric Corp.
subholding group, into Florida Power Corp.. and
to the order of the SEC entered on
Sept. 7, 1943 approving this merger,
subject to the condition, that, within one year of the effective date of
the merger, Florida Power Corp. divest itself of all water, gas and ice
properties owned by it (other than the ice plant in the City of Orlando
and the water property at Winter
Garden, to be considered by the
Commission in other proceedings) and all land obtained as a result of
the merger of Sante Fe Land' Co.
inated Shinn & Co.
!
On
J,an. .11,
1944,
the SEC issued
a
as
an
by Florida
3,000,000 shares (no par) common stock to General
Gas & Electric Corp., to be a
plan under Section 11 (e) of the Public
Utility Holding Company Act of 1935, and determining such merger
to be necessary, or
appropriate to effectuate the provisions of Section
11(b) of said act.
The entry of this supplemental order afforded re¬
lief from certain Federal miscellaneous taxes.
The supplemental order
provided, in effect, that if the 3,000,000 shares of Florida Power Corp.
to be held by General Gas & Electric
Corp. were not disposed of before
Jan. 11, 1946 (or such earlier date as the Commission might designate),
the Commission reserved the right to rescind such findings as were
pertinent to the affording of the tax relief mentioned above.
In such
order, however, the Commission states that any such recission is in no
way to impair the validity of any transactions authorized by the order
of Sept. 7, 1943.
■■%'.- % ■' - .•••■;' %%■■■'
Corp.
■
amount
of
$7,-*
,
Dec.
Payment—Pursuant to order of-
1943 permitting payment, the board of directors
of General Gas & Electric Corp. declared a
quarterly dividend of $1.25
share
a
the
to
2,
public
holders of its $5 prior preferred stock for tho'
1942, payable on Dec. 15, 1943.
By order of the
1943 the trustees of Agecorp were authorized to
waive their right to collect at this time such dividend on their hold¬
ings of $5 prior preferred stock.
quarter ended-Dec. 15,
court dated Nov,
26,
Richmond Light and RR.—Richmond Light and RR., r. subsidiary of
Island Edison Corp. in the NY PA NJ Utilities Co. subholding
Staten
Florida
Power
Corp.
filed
was
1943,
...
Refunding—On
with
the
SEC
Dep. 31,
1943
an
application-
with
respect to the proposal of
existing long term debt, including
that of Florida Public Service Co. assumed by Florida Power Corp.
upon consummation of the merger by issuing $16,500,000 of first mort¬
gage bonds and $4,000,000 of 3%% serial debentures.
On Jan. 24, 1944
Florida Power Corp. filed with the SEC a registration statement with
respect to the sale of the first mortgage bonds.
It is proposed that
the first mortgage bonds be sold at competitive bidding and that tho
Florida
Power
Corp.
to
refund
its
debentures be sold privately.
Virginia
Gas
&
the
Public
Electric
SEC
for
Service
Corp.,
leave
to
Co.—The/trustees
together
with
the
additional
adduce
of
Agecorp
and
of Ageco,
trustee
evidence
and
for
General
petitioned
reargument
of the issues determined by the Commission in its order of Nov. 2,
in the proceedings before it under Section 11 of the Public Utility
ing
1943,
Hold¬
involving Virginia Public Service Co.
On Dec. 30,
1943, the Commission issued its order granting reargument but setting
Company Act,
date
no
for
argument, pending developments in connection with the
acquisition by Engineers Public Service Co. of th§ common
proposed
stock of Virginia Public Service- Co.
Pennsylvania Electric Co.—In Nov,; 1943 Pennsylvania Electric Co.,
a
subsidiary of Associated Electric Co., issued in exchange for 30,068
of
shares of Series A 5.10% prefened stock, 30,068 shares of its
preferred stock, on a share for share basis, plus a cash
payment by Pennsylvania Electric Co. of $1 per share.
3,932 shares of
Series B stock were sold to underwriters at a price of $108.75 per share
Series B 4.4%
and 3,932
such
sale.
shares of Series A stock were redeemed with the proceeds of
This transaction reduced Pennsylvania Electric Co.'s an¬
requirements by approximately $24,000 and enabled Penn¬
sylvania Electric Co. to simplify its capital structure so that it now
only a single class of preferred stock outstanding, consisting of
nual dividend
has
69,000 shares of Series B, 4.40%
Consolidated Earnings
.■
Power Corp., Florida
Public Service Co.,
preferred stock.
Statement (Corporation and Subs.)
—Calendar Year—
1943'
—3 Mos. End. Dec. 31—
1943
1942
$
$
$
Oper. revenues—Electric 108,561,006 101,991,034
Gas
13,849,522
13,132,834
Miscellaneous
6,436,655
5,302,412
,
28,566.755
3,597,075
1,773,233
1942
$
26,268,239
3,345,323
1,561,912
oper.
31,175.474
33,937,062
15,966,707
7,894,733
2,319,696
13,926,083
1,863,212
12,010,660
7,607,716
11,748,321
3,209,908
1,974,701
3,032,887
2,797,746
30,786,258
1,007,121
29,702,228
7,433,163
1,556,954
150,861
7,445,089
501,954
31,259,183
7,584,024
7,947,042
19,879,097
revenues„
exps.—operation-
128,847,183 120,426,280
56,424,436
51,462,621
31,793,378
Total
Oper.
21,482,958
4,881,785
5,305,539
exps.—8,506,652
Prov. for retire. (deprec.)
of
prop.,
plant and
equipment
12,540,487
Oper.
Federal
Other
income
taxes
taxes
8,153,519
12,435,830
3.156,803
1,986,537
~
Operating income
Inc.
income———
deductions
sidiaries
of
The stockholders of Florida
the
affiliate of Agecorp.
General Gas & Electric Co. Dividend
the SEC dated
supplemental order determining
of Florida
merger, to the extent that it involved the absorption
Public Service Co. by Florida Power Corp. and the issuance
Power
in
Redemption of Notes of United Traction Co.—The Railway and Bus
surrendered for redemption $55,250 of 20-year sinking fund
Series B 4% income notes' due Feb.
1, 1963 of United Traction Co. at
100, all the income notes of this Series ($410,550) having been called
for redemption on Feb. 1, 1944.
Other
the
Co.
Associates
two
ports
&
by Associated Real Properties, Inc., and Associated Real
Properties, Inc. thereupon cancelled the note.
This transaction elim-'
its 34,000
17,
its application with
Shinn
500,000 held
Power Co.
W. Bell
New
Schenectady Railway.
declaration
contract
the U. S. District
York discharged A. V. Louer
The trustee has paid over to the
reorganized company the cash balance of $19,322 that lemained in his
hands.
The Railway and Bus Associates, a subsidiary of Associated
Real Properties, Inc., owns 30.88% of the voting stock and
outstanding
notes of Schenectady Railway, as
reorganized.
trustee
as
group, was dissolved on Dec. 20,
the
of
against
without
by The
York Trust Co.,
the de¬
bentures, after it learned of the protective committee's letter of Dec, 30,
1943 for certain expenses which the Trust Company claims to have
under
terms
agreement and to permit
surrender of the same to-
discharge of
prior
except the. Winter Garden water prop¬
erty, of Florida Public Service Co., at thai; time a subsidiary of Gen¬
eral Gas & Electric Corp., for a base
price of $805,000 was completed
the
upon
undertook to
losses that
any
1943
26
the deposit
debentures
Chemical Bank & Trust Co. has delivered to each company the de¬
bentures represented by such certificates of deposit.
In connection with
the delivery of the debentures, NY PA NJ Utilities Co. and Metropolitan-
agreement
obligations
terminate
their
NY PA NJ Utilities Co. has surrendered its certificates of deposit and
paid $156,981 and Metropolitan Edison C£. has surrendered its certifi¬
cates of deposit and paid $13,467, to Chemical Bank & Trust Co., and.
cuted
Co.
to
such oeuentures.
0u5,0U0 01
has
report to the contract for the sale ol the physical
properties of SpringBrook Water Co. (subsidiary of NY PA NJ Utilities
Co.) to the Village
chase
decided
withdraw
to
posit, being the ratable proportion of fqes and expenses of the commit-:,
tee, its counsel and depositaries. V
..
.
•; NY PA NJ Utilities Co. owns $4,335,000 National Public Service Corp.
secured debentures and for a number of years has also owned certifi¬
cates
of
deposit representing $11,715,000 of additional debentures.Metropolitan Edison Co., a, subsidiary of NY PA NJ Utilities Co.; ha3
for a number of years owned certificates of
deposit representing $1,--
integral
an
but it serves a limited
Pennsylvania Public Utility Com¬
The
it had
that
holders
Chemical Bank & Trust Co., as depositary, and upon payment of $13.40
for each $1,000 of debentures represented by such certificates of de¬
part of Pennsylvania Electric Co.'s operations,
of
dated July 5,;
the
Electric Co. at a price of approxi¬
mately $353,000, to be paid in Pennsylvania Electric Co. common stock
at the par value of $20 per share.
Penelec Water Co. supplies water
for the Seward electric
generating plant of Pennsylvania Electric Co.,
arid
deposit agreement
a
of
Jan.
7, 1944, Pennsylvania Electric Co., a
subsidiary of Associated Electric Co., agreed to purchase the securities
number
protective committee under
a
Inc(
com
deducs.
Assoc
~
1,527,358
10,386,924
375,366
290,439
2,326,873
1,172,870
8,603,355.
2,351,069
*
other than certificate
and Electric Corp.—V.
"Before deductions'for interest on indebtedness
of
indebtedness
of
trustees of
Associated Gas
159, p. 442.
Atlantic Mutual Insurance Co.—Annual Statement—
For
the
in
its
successive year, premiums written in 1943 by this
the exception of war risk premiums, were the largest
as reported by "William D. Winter, President, in the
second
with
history,
company,
(Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7, N, Y„ BEekman
3-3341;
Herbert D. Seibert, Editor and Publisher;
president; William D. Riggs, Business Manager. Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Mo.-:day|. Other
Chicago 3, 111. (Telephone: State 0613), in charge of Fred H.. Gray, Western Representative; 1 Drapers' Gardens, London, E. C„ England, c/o Edwards & SmithrCopyright
1944 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 of Canada, $27.50 per- year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spam), Asia,
Australia and Africa, $31.00 per year.
NOTE: On account of the fluctuations in the-rates of exchange, remittances for foreign subscriptions arid advertisements must be made in New York funus.
William Dana
■
consummation
debentures
.
Co.fr-On
senting the
Traction Co.
the
approximately $14,700,000 have for
a
•
Aug.
due
Pottstown Ry. Co.
The
into
essary
1,058 shares of common stock
western Street Ry. Co.;
<
entered
•
Penelec
Utilities Co.
.Traction Co.;
■
Co.
Power
National
National
of
"
:
Electric
•
,
,
the sale of the water
properties,
of accomplishment
the requirements of
issued
trustees.
the
of
,
with
which it previously owned.
of Penelec Water Co. from Associated
and
consideration
Co.—Associated
Florida
is
approval of
.
connection
General Gas & Electric Corp. received 3,000,000 shares (no
stock of Florida Power Corp. for the shares of common stock of
1932, under which the depositors received certificates of deposit.
These
are secured
by 712,411 shares of common stock of Jersey
Central Power & Light Co.
NY PA NJ Utilities Co. owns 341,350 shares
action
No
the
.
Electric
&
with
trustees
of
on
sale
This
In
with
of
Corp.—Report of Trustees
Associated Gas and Electric
the
of
rendered.
approved the merger on Jan.
1944 the merger of the four Florida compa¬
14,
effective.
merger.
par.)
on Nov. 17, 1943, for the sale of all the
securities of its sub¬
Union Gas & Electric Co., to William B. Vogeiback for a base
$750,000
.Hearings on this proposed sale were held before
the SEC on Jan. 10, 1944.
No decision has as yet been rendered.
This
.sale' is alsp. subject", to)the .acquiescence of the trustees with the
ap¬
price
Electric
ago.—V.
acquiescence
yet been
as
.
mission
i Associated Gas
■
has
became
sidiary,
proval
'
The
the
to
decision
no
court.
Union
.'
.
but
1944,
and Sante Fe Land Co.
1944 and on Jan.
10,
10, 1943, Associated Electric Co.
a contract for 4he tale of i all tho securities of its sub-^
.into
Jan.
Sanford Gas Co.
nies
Nov.
contract
Anheuser-Busch, Inc.-r.To Pay $1 Dividend—
dividend
Co.—On
sidiary, Lake Shore Gas Co., to Malvern Hill for a base price
$720,000.
Hearings on this proposed sale were held before the SEC
•
A
Gas
835
pany's
the com¬
adding that
Marine
substantial
■
$1,212,816; property, plant and equipment (less reserve
preciation and amortization of $1,212,602), $2,905,615; deferred
$181,722; total, $58,781,948.
Claims paid amounted to $6,455,000,
bringing
claims paid to policyholders since 1842 to
$219,021,000.
Total assets at the close of the period amounted to $21,420,418 compared with $18,761,266 a year earlier.
"In 1943 there was a sharp reversal of the downward trend in the
years
the submarine has proved effective,
even.
rates have been materially reduced, the war
in 1943 was conducted at a profit.
,
...
Mr. Winter called attention to the large reserve that
aside for Federal taxes, pointing out that Atlantic
was
on
the same basis as stock insurance companies.
The condensed statement discloses that a reserve for taxes
500 has been set up, and that the voluntary reserve as
■war
against
•war
risk
•
158,
765.
p.
revenues
Oper. exp.,
Railway
Railway
oper
Hallway talc acrSlsI
Railway
"v
1
497,761
27^004
^
(net)—
2,439
5,537
60,102
$134,602
2,232
2,204
$172,212
:
9,317
.1,705
159,
—V.
Shares
1,654,000
6,779,189
$7,302,907
6,706,096
6,621,993
6,524,689
$640,591
$680,914
$165,862
851,151
842,102
$8.72
832,492
821,149
$8.15
_________
$6.95
share
$8.77
1943
Land and
and ex¬
$93,000.
dividend of 10 cents
stock,
payable
$1,
par
distribution
similar
was
4,610,233
14,459,164
714,684
Notes
Refundable
1942.—V. 157, p. 1804.
Years End.
Operating profit
Other income—-—
—~—
——-—
' 27,456
233,500
1,078,000
profits tax
/Provision for excess
surplus
Balance,
1st mtge. bonds,
0. S.
Government securities—
1,519,131
Merchandise inventories
assets
Other
advances
—
,
•§Fixed assets
Deferred charges
Goodwill
II
J. Other accrued liabilities
Deferred credits
——
731,763
148,226'
1
'
.
1
$7,089,839
——————
(Accrued Fed.
,
directors
123,614
7,447
exployees' war bonds
Miscellaneous current liabilities
Reserve for contingencies
18,788
5,693
200,000
1,757,200
159.
p.
Stock
'Common
(Shares held
_____
;
__________
I
in treasury—
■
1,341,092
'
distributions
to
2152.
p.
Years End. Sept.
(net)
of
30—
—
—
sales—
—
1943
1942
$97,043,946 $59,592,953
78,651,672
41,911,665
i94i
1940
$8,062,204
$2,345,255
6,396,909
1,953,667
:
$6,199,072
326,983
339,767
3,056,536
exp.__
40,711
31,399
3,423,694
782,542
revenues-
$151,164
4,156
$117,816
$2,944,161
$2,573,924
11,175
4,101
$155,320
$115,997
$2,955,336
$2,578,025
50,2411
110,116
Cr907
Cr72,160
1,145.816
638,853
cost
Net oper.
Other
.
&
stock,
1942
1943
profit
Gross
—
Expenses
Depreciation
'
income
Total income
i___
$1,302,031
$1,523,155
19,738
33,832
$1,321,769
88,301
262,014
*506,979
$1,556,987
78,591
228,188
Fed.
_______
etc. '
Interest,
income
Excess
.
________
Operating profit
.
Other
:
—
taxes,
etc.
profits taxes—
'I
"
; Net
Earnings per
After
debt
"""
——:—
"-r1
$100,
'
payable
25.
and
Dec.
$1,696,630 $1,213,818
107,571
: 73.884
:I-213,P00';
272.513
541,072
125,706
in
11 'M. ' -
1'
""" - V
dividend of $1.25 per share on ac¬
SV2c/o cumulative preferred stock, par
a
funds
last
20,
and
in
each
have
called for
been
fund,
the sinking
of
a
Redeem $145,000 Bonds—
redemption as of May 1, 1944, for ac¬
total of $145,000 of convertible 4% 15-',
year sinking fund first mortgage
at 102 and interest.
Pavment will
or
20 to holders of record
March
on
on March 20, June 21, Sept. 20
quarter during 1942.
Dividends
this issue.—V, 159, p. 444.
*
;
year,
Canadian Canners, Ltd.—To
There
$1,667,348" $1.20^;982
29,282 /V;".- 8,836"
. -
Ltd.—Accumulated Dividend—
the
on
Canadian
in
in arrears on
are
count
T"
Co.—25c. Div,
Like amounts were disbursed
Feb.
{
bonds, series A, due May 1, 1951,
be made at the Bank of Montreal,Montreal, Hamilton, Vancouver, Winnipeg, Saint John
Halifax, Canada.—V. 158,* p. 946.;
•
Toronto,
Canton Co. of
■
Baltimore—Earnings—
'
Calendar Years—
$464,475 $1,250,208
$834,086 . $741,714
..
(279,2.95 ;
194,754 • 170,410
121.721
239,412
239,412 /
239,412
,239,412
share
_/ ///';( $1.66-.
. • $4.81
; : ' $2.77^;^-^ $2,69
retirement credit, (Amounts to $21 per share.
_ ,
profit
—
7% preferred dividends.
Shs. common (no par).
*
$2,091,329 $2,326,234 $2,587,751
549,220; ' 858,785
; 679,874:
240,078.. .224,294.
240.529
369,770
$399,934
a
declared
have
accumulations
of
' 1940 '
$2,057,157
649.326:
202,849.
1941
,
••
1.308,321
.
value,
par
no
Canada Cement Co.,
Subs.)»Inc.—Earnings.
,
$1,170,667
Cannon Foundry
declared
have
directors
capital
The directors
•
:
$105,987
$78,040
tax.—V., 159, p. 547.
V
568,612.
dividend of 25 cents per share on"
payable March 14 to holders of
record
March
1.
Payments last year were as follows:
March 13,
June 12 and Sept.. 14, 25 cents each; and Dec. II, 50 cents.—V. 159, p. 3.
,
;
:;
income.
on
Campbell, Wyant &
The
the
,
Co. (&
__
'Includes excess profits
$1.99
Account for Calendar Years
_
Net income
provision for contingencies and
Consolidated Income
■
__
deductions
taxes
Drl,819
•
(net)
income
Income
capital stock taxes., (After
159, p. 731.
deducts.
J_":
income
Gross
1944
1943
*$4,416,313 ($4,368,509
$2.02
deducting $1,000,000
Federal income and
fill a vacancy.—V.
V'l-
Beech Aircraft Corp.—Earnings—
Cost
$7,150,397
(net)
(& Subs.)—Earnings
'
(Sidney) Blumenthal &
:
Sales
$483,982
rev.
oper.
1943—12 Mos.—1942
$518,858
count
$7,7ll3J3
by 465,032 shares, no par value.
(Cancelled Dec^l,
1943, 55,332 shares; Dec. 31, 1942, 54,332 shares.
(Less U. S. Treasury
tax savings certificates and accrued interest, Dec. 31, 1943, $1,203,820;
Dec. 31, 1942, $1,635,594.
SAfter deducting reserves for depreciation,
$1,600,179 in 1943; $1,515,835 in 1942.
ULess reserve for doubtful
accounts and notes, Dec. 31,
1943, $40,851; Dec. 31, 1942, $50,302;
reserve for discounts, Dec.
31, 1943, $21,497; Dec. 31, 1942, $29,304.—
158,
1128.;:
(& Subs.)-r~Earnings—
1943--Month—1942
revenues
"Fed.
——
,
Represented
V.
California Electric Power Co.
Period End. Dec. 31—
Operating
$3,919,deducting $3,413,074 for, Federal income and, capital stock taxes.—V. 158, p. 2247.
Jtl*,' V
•>"
k' a \ i
yV** Vj: i/: '^,4 i' - ' '<*'
Best & Co.—New Director Elected—
Walter G. Kimball, President and a director of the Commercial
National Bank & Trust Co; of New York, has been elected a director,
for
041
1,347,763
$7,089,839
———
June 10, 80 cents; and Sept. 5, $1.—V. 158, p.
March 10, 75 cents;
March, 31 to holders of record,
were made in each quarter during
'Earnings;(pe^ common share
1,798,970
—,
______
2,336,617
dividend of 75 cents per share
Ended Dec. 31—
Years
17,217
2,022,920
Capital surplus
Earned surplus
Total
——
'5,670,227
731.
Br205,303
for
Dividend—
The directors have declared a dividend of 30 cents per share on the
A stock, no par value,
payable March 10 to holders of record
Feb. 29.
A distribution of $1 per share was made on this issue on
March 15, last year; none since.
Payments in 1942 were as follows:
,
Corp.—Dividend of 75 Cents—
Feb, 23 declared a
Beneficial Industrial Loan Corp.
1,757,200
Br209,081
on
Similar
10.
1943 —V.
5,174
200,000
taxes
10 and Sept.
June
class
capital stock, par $5, payable
the
March
93,319
425,383
74,760
10,133
accrued and withheld—
—
Accounts receivable (credit balance)
—
Amounts withheld under payroll allotment plan
Other
' 2,157.679
share on the
record the
March 10,
10, 15 cents each; and Dec. 10, 20 cents.
157, p. 2037.
Non-util
Bendix Aviation
The
Cn
$7,711,342
145,089
140,070
—_____—
T.
,
—V. 157, p. 987.
$1,500,000
—537,007
.686.726
proiits taxes—
income & excess
.
Brown Fence & Wire Co.—Resumes
,
107,884.
1,318,111
2,545.926,
109,721
1,432,993
2,230,314
6,585,339
2,359,556
270,802,890 261,829,515
*After
Accrued expenses, wages, etc.
15,
par $10, payable March
10 to holders of
Distributions during 1943 were as follows:
-
Util.
$1,000,000
payable a
—•
Accounts payable (trade)
the
_.
Total
LiabilitiesNotes
reserve
on
.
Net 'income
Tlltai
,
declared
1942,; the company; paid, a dividend of.
the only payment that year.—V. 158.
In
stock,
cents;
10
—V.
_' 76,913,614 (69,756,596
Premium on capital Stock__
^
•
7,489,929
7,354,194
Reserved surplus _________2,363,000
709,000
Capital surplus
2,393,039
2,332,733
Earned surplus
•
3,704,702
4,598,278
Depreciation
been
has
directors have declared a dividend of 15 cents per
date.
same
12,232,070
1,000,000
1,997,956
_
share
Broadway Market Corp.—15-Cent Dividend—
The
25,000,000'
v3.000.000:
3,000,000;
12,607,829
__^—
payable to subsidiaries
billing and paym't for telephone serv.
Accounts payable and other currnet' liabilities.
Taxes accrued —_i___
_________
per
2247.
common
7,500,000
—•,
Advance
19,668
2,801,682
517,213
23,597
677,133
181,195
—
.Dec.: 10," 40 cents: each.
$1.50 per share on Dec.
-
.
Z1/a25,000,000
Notes
2,021,474
3,945
2,358,652
to affil. companies
239,594
—160,680
Miscellaneous Accounts
Investments in and
______—
acceptances receiv. (trade)
and notes receivable——
^Accounts, notes &
.
7,500,000
1947,■ 23A% —1
1,
(secured)
Bank loan
1942
$1,373,717
74,000
1943
series D,
cents
40
of
stock, payable March 10 to holders of record March 1.. Pay-.
year were as follows: June 10, 80 cents; and Sept. 10 and
last
ments
30;000,0001
•
trustee of pension fund————..
Notes sold to
routes
84,210,200
30,000,000
$7,000,000)——_l
Notes maturing Aug.
329,940
$1.56
$1,172,846
776,662
—
r
.
(less in treasury
-
Assets—
.85,115,100
stock ($100 par)_—
the Mexican-owned Lineas
Inc.—V: 159, p. 635.
distribution
A
•
capital
.52,039,
p.
bond ser. B, matur. June 1, '57, 5%
1st mtge. bonds ser. C, matur. May l,'69, h'/e
share--—&—-—
—$1.35
«After deducting, at Dec, 31, 1943, a post-war credit of $120,000 cur¬
rently allowable as a debt retirement deduction; at Dec. 31. 1942, a
post-war credit of $202,080, of which $200,000 is currently allowable
as a debt retirement deduction,
r<'
'
Comparative Balance Sheet, Dec. 31
Cash
883,912
311,202
1,830,160
.
acquired
has authorization for seven Mexican
now
Corporations, Inc.—40-Cent Distribution—
Breeze
270,802,890 261,829,515-
1st mtge.
$840,332
200,000
$640,332
Earnings per common
»_
become
Braniff
Longrterm debt:
35,331.
328,420
'
-
debits
deferred
Common
224,280
1,818,720
$552,370
—
————
Dividends
933,472
Has
A.,
S.
President, said Jose Navarro
owner of Lineas Aereas, will
Vice-President and director of the new company.
Aerovias
has
applied for authorization
to become a subsidiary of
Braniff Airways,
;
84,021
$552,370
provision for contingencies
Appropriation to reserve for contingenciesprofit before
Net
6,038,513
709,000
289,889
1,679,737
87,290
long-term debt
___
premium on bonds redeemed_____
.Braniff,
Nacionales and
totaling 7,557 kilometers.
T. E. Braniff,
Elizondo of Los Angeles, Calif., principal
4,477,729
325,0001
2,363,00
share has been declared on the capital stock,'
of $2 per
Brariiff Airways, Inc.—Further Proposed Expansion—
Aerovias
2,513,150
5,581,380
current assets__
profits tax—____
dividend
Aereas
Liabilities—
$1,891,326 $2,918,662
-—
—
and deductions
_____—
Federal income tax__
——_
charges
Provision for
excess
Total
$1,808,703 $2,820,699
82,623 .; 97,964
—-——-
—
income
Total
Other
1942
$24,680,783
.————84,552
Depreciation
Other
14,284,419 20,013,024
1,579,921
1,763,039
administrative expenses—
general and
Selling
on
Discount and
1943
discounts— $17,757,594
Dec. 31—
portion of
;
.
Prepayments
Discount
Sales, less returns, allowances and
Cost of sales
exclusive of depreciation
other
receivable and
Accounts
Co.—Annual Report—
Belding Heminway
from; Subsidiaries
receivable
6,025,176
4,105,625
308,000
,y
Temporary cash investments:
Material and supplies
Co.—10-Cent Common Div.—
declared on the common
March 1 to holders of record Feb. 24.
A
made on May 15, last year, as against 20
pef share has been
15 and Dec. 1,
each on Jan.
cents
$
22,769,372
202,559,886
4,594,218
14,458,561
306,773
206,690,084
£
Investment securities
Seelig Mfg.
Barlow &
Boston & Albany RR.—$2 Distribution—
A
1942:
$
22,949,156
Capital:
buildings, at Cost____.
Telephone plant and equipment
General equipment ___j.
^
Fixed
a
payable March 31 to holders of record March 18.
Last year, the fol¬
lowing payments were made:
March 31, $2; June 30. $2.50; Sept. 30,
S2; and Dec. 31, $2.25.
Similar payments were made in
1942.
~V. 159, p. 3.
Sheet,M)ec. 81
(Comparative Balance
Assets—
Cash
A
arranged
outstdg.
stk.
of
Corp. a total of '
company in 1942
$15,000,000 bank credit which runs until July 1, 1947,
Available as required, this earlier credit has not been used to date.
Throughout the commitment of Borg-Warner manufacturing facilities
to war work. and
essential civilian products, Mr. Davis pointed out,
the croporation has continued its 'research and product development
programs, in preparation for the post-war period.—V, 159, p. 732.
$6,690,542
*$893,381
(par $100)
Earnings per
731.
p.
■
Surplus
$75,664
income
Net
of
(;vexCess profits tax—_
Dividends
$183,234 4 $139,038
61,305
63,374
$178,546
52,013
$177,038
48,526
*$128,512
$126,533
$121,929
"Net income is after reserve of $219,527 for Federal income
cess
profits taxes; similar reserve in January, 1943, was
.
.
Completion of the "VT" loan gives Borg-Warner'
in "stand-by" loan agreements since the
$35,000,G00
3,897,591
$8,055,687
'/
■
709,000
$7,539,808
_________
portion
3,646,202
3,688,342,
3,744,321;
/'Deficit.
charges—
fixed
388,877
; 98,609
$172,346
6,678
£>r478
Net income
ernment.
.
long-term debt, etc.
Refundable
said, to provide additional cash, if required, in the interim between
cancellation of war contracts and financial settlements by the Gov¬
$10,949,109 $10,588,132
income.. $11,284,129 $11,744,028
gross
varying amounts during and after the war in financing the settlement
of war contract obligations.
This credit is in effect a
"stand-by" loan agreement, Mr. Davis
• -—
—: *■ «
*"-■—^
$10,710,301 $11,013,051 $10,291,892
$9,9.79,353
573,828
730,977
657,217
608)779
revenue.
non-oper.
Total
$553,166
358,462
$659,698
157,259
;
$169,062
InchTrge^Vfl-I^-fr_-
Total
$798,378
468,773
inc.—
(net)——
income
35/795,400
44,723,331
48,884,541
,
'■-—:
1 <<;
income
*,v.
Operating
Net
1941
1942
1943
$945,827
oper.
income
Rent
Other
1944
'
revs.—.
exps.
oper.
40.418,683
"taxes, etc.__
'
RR.—Income Account—
& Aroostook
Bangor
$45,774,753
Int., amort of debt disc.
Month of January—
.
1940
1942
.
1941
$59,594,842 $55,736,382 $50,710,575
1943
Telephone
on
•
.
Canada—-Earnings-
Belt Telephone Co. of
calendar Years—
*
.
interest
$58,781,948.—V. 159, p. 346.
of $994,of the end of
1943 had been increased to $1,889,972 from $750,000 a year earlier.
The surplus to policyholders has been set at $10,000,000.
Fluctuations
due to changing market values of securities will .be absorbed in the
voluntary reserve.
United States Government securities held at the
end of the year totaled $7,370,972 against $4,116,423 the year before.
—V.
Corporation has arranged for a $50,000,000 "victory termination""
loan,
providing credit reserves for use .during and after the
in financing the claims against the Government on war contracts
involving inventories,
receivables and commitments to suppliers, it
was announced Feb.- 22 by C. S, Davis, President.
■; .
The credit, which extends through Dec.' 31, 1946, was negotiated
through the Continental Illinois National: Bank and Trust Co. of
.Chicago, which acted as agent for- twelve leading banks in Chicago,
New York and Detroit.
The New York banks participating in the loan are: Central Hanover,
Chase
National, Guaranty Trust, Manufacturers Trust, and The Na¬
tional City.
The other Chicago banks are: City National, The First
National, Harris Trust, and the Northern Trust, while in Detroit they
are:
The Manufacturers National, and the National Bank of Detroit.
The "VT" type of bank credit may be used at any time and in
,
14
^
VT Loan—
war
income),
$11,661,747; refunds
to
U. S.
liabilities, $30.00i;
employees' subscriptions to war bonds, $92,882; advances received on
U.
S.
Government
contracts,
$2,830,716; common stock (par $1),
$400,000; paid-in surplus, $652)667; earned surplus, $5,967,973; total,
had been set
Mutual
taxed
record March
1 and Oct. 1,
(VT)
payable
accrued income and excess profits taxes,
Government, $29,534,438; other accrued
$793,398;
The sea and air
and
though
risk business
continued.
insurance," Mr. Winter
marine
of
field
Borg-Warner Corp.—$50,000,000
charges,
.
to $125,781,000.
the grand total of
102
for de¬
taxes,
Liabilities—Notes payable
(bank), $1,800,000;
accounts
(trade),' $1,378,936; salaries and. wages accrued, $3,571,669;
and insurance accrued, $62,470;
accrued taxes (other than
dividend of 75 cents per share on
a
.the common stock, par $5, payable April 1 to holders of
15.
Payments last year were as follows: April 1, July
50 cents each; and Dec. 20, $1.50.—V. 158, > p. 2463.
;
profits
investments, $21,042; post-war refund of excess
ployees, $29,265;
Brass Corp.—Larger April Div.—
have declared
directors
.The
$7,232,740; inventories (after provision for obsolescence and
experimental contract, $1,440,000), $13,183,764; accrued interest
receivable, ' $37,469; advances to vendors, $715,032; advances to em¬
(trade),
loss on
:W-I
,
Premium income in
1943 amounted to $14,734,000.
The war risk
business included in this figure is materially less than the year beiore as much of this business was taken
over by the War Shipping
Administration early in the year.
Dividends distributed to policy¬
holders amounted to $045,000, bringing total dividends over the last
Departments.
1 Monday, February 28, 1944
"
'
Bohn Aluminum &
U. S.
$5,103,900; U. S. certificates of indebtedness (at cost), $4,400,000;
Treasury notes, tax series C (at cost), $7,600,000; accounts receivable
102nd annual statement.
Every department of
activities produced satisiactory results, he said,
progress had been made in the Fire and Inland
company's
CHRONICLE"'
FINANCIAL
THE COMMERCIAL &
'
;
836
'
1943
.
1942
.operating .revenuesA__
$1,078,070$1,009,7<)2
Operating expenses
,
208,820
175,632,
Depreciation i.
—"'123,050 7
117,295
Gross
.
353,646
357,641'
operations..—$392,555
Xnet)-___,_-___-_-_i__:
—'
.; 139,139
$359,134
234,214
Taxes
'
Renegotiation
margin
Gross
$18,392,274 $17,681,288
,
$1,665,295
$391,588
1,621,564
514,657
546,373
259,863
J9rl32,549
Dr45,817
3,123,958
10,520,627
sell. & admin, exp.
Eng.,
Taxes
__
S.
U.
lor
711,724
(net)
income
Other
Provision
(6,478,837
Cr36,932
17.714
refund on
Govt,
profit
settlement
——
with
the
Adjustment
Price
Board
of
the Army,
covering
for the fiscal year 1942.
This settlement reduced the net
$2,417,819 (as shown above) to $1,802,980, or $4.51 per
After this amendment to net income the total amount paid to
operations
income
share.
cf
the
the
1942
fiscal
year
1942,
renegotiation amounted to $14,319,248
$614,839 over the figures stated in the
and
Government for taxes
for
or
Balance Sheet,
Assets—Cash
bank
on
demand
deposit
Sept. 30, 1943
and on hand,
$4,460 603;
cash in
(restricted funds), $11,697,980; U. S. Treasury bends (at
cost),
.
any, of.
Sheet, Dec. 31, 1943
income ;from
Net
income
Other
and in banks, $2,671,156; U. S. Treasury cer¬
indebtedness due 1944 (market value $330,257.81), $330,000;
notes receivable, $352; accounts receivable, $952,547; inventories,
$2,853,758;
cash surrender value of officers', life insurance policies,
$311,863; land, buildings, and equipment (less reserves for deprecia-.
.tion of $3,478,904), $3,334,542; patents, trade-marks and goodwill, $1;
prepaid expenses and deferred charges," $93,452; total, $10,547,671.
Liabilities—Notes oayable (banks), $600,000; trade accounts payable,
$575,181; Federal and ether taxis accrued, $958,396; accrued payrolls,
$81,121; property purchase obligations due in 1944, $15,000;
current liabilities,
$89,204; property purchase obligations due after
,
"
.
j,.(\
Dividends
other
contingencies, $1,000,000; 1% cumulative
preferred stock ($100 par), $1,199,550; common stock (240,000 no par
shares), $3,166,788; common sto-k in treasury (1,388 shares), Rr$l8,252;
surplus, $2,858,184; total, $10,547,671V. 158, p. 1727.
reserves
for
■
to
surplus account..
Balance
$593,348
550,000
$3,694
appropriations —_r__
$531,694
528,000
_____
Assets—Cash on hand
$22,500;
-
,
income
Net
Balance
tificates of
1944
report.
t
for the
contracts cover¬
Consolidated Balance
$4,035,965 ($2,417,819
.
Pending review with Government authorities, the effect,; if
renegotiation of the company's war contracts upon net income
year 1943 is not determinable.
Renegotiation of war
ing 1942 resulted in no adjustment.
7,200,000
contracts
$471,715
$68,193
'Earns. per share.—
$10.08
($6.04
$1.17
$0.17
*On 400.000 shares of common stock, par $1.
(Includes $168,178
Federal normal and surtax, $10,270,082 Federal excess profits tax, and
882,367 State income tax.
(On Sept. 15, 1943, company made a final
Net
'
,
$43,348
Sheet, Dec. 31, 1943
$610,285; deferred assets, $12,822; unad¬
investment in real estate improvements,' Canton
total, $9,990,922,
Liabilities—Current
liabilities
(including $268,363 accrued taxesl,
$299,608; accrued depreciation, $2,807,613; other unadjusted credits,
$7,725; capital stock (outstanding 21,000 shares), $341,250; corporate
surplus, $6,534,725; total, $9,990,922.—V. 153, p. 96.
Assets—Current
assets,
justed debits, $30,102;
RR.,
etc., $9,337,713;
Canadian Celanese, Ltd.—Usual
The directors on Feb.
share
the
and
the
common
regular
stock,
no
Extra Dividend—7!
»
18 declared an extra dividend of 25 cents per
quarterly dividend of 25 cents per share on
par value, both payable March 31 to holders
Volume 159
of
c
record
March
share
7'/>■■
and
amounts
Like
13.
■
holders
of
a
share
per
record
made
was
—V., 158, p, 1031,
1
■4'
•"»«•»
' l " t
1
x
"
,
V
;
r /
j
J
.
Week Ended Feb. 7—
'Traffic
—V.
earnings
p, 732.
1843
$4,856,000
Case Co.—Earnings—
,
Total income
,
,
Profit before taxes—
Federal income and
State and
10,282,919
6,803,794
6,763,233
16,300,000
2,050,000
500,000
1 1,000,000
450,000
420',000
tax
Special post-war adjust. reserves.—
Net
profit
Preferred
'678,237
1,350,380
1,932,009
U$124,327
$9.34
$1,976,584
$13.23
*$9.13
_
shares
old
($100
par)
post-war
credit.
§For
Assets—Cash
certificates
$8,805,000;
March
of
1,
Dominion
19481,
finished
products
ployees),
for
(less
$47,157;
depreciation,
future
bonds
and
of
than
receivable
amortization
dividend
for
reserve
Federal
for
$435,OOOy
earned
payable,
and
other
$3,874,690;
excess
($100
for industrial .accident liability,
$19,496,000;
$9,707,453;
total,
for
will
operate
capital
surplus,
$63,639,505.—V;
158,
p.
no
value,
par
holders
to
to
has
It
is
and
chares held
Regular
and
18
issue
for
U
also
31,
Dr.
the
of
felt
the
the
earned
Dreyfus,
forking
is
it
of
through
Dr.
lay
16,173,823
that
served
cost
of
the
in
of
per
192,373
Drl21,167
8,466,656
3,853,649
such
7,784,483
7,839,117
3,764,480
share—
$4,35
Sheet
receivable
accounts
to
Advances
less
Sept.
per
30
share were
Dec. 31,
regular
quarterly cash
authorized
the
i
plant
new
through
u
and
facilities
retention
of
current
to
finance
necessitated
85,923
67,257
out
that
amounts
interests
inaugurating
by
it
fore
the
was
a
by
portion
the
Federal
of
of
the
stockholders
would
$10,496,627
1,910,378
12,107,746
Credit
9.411.200
13,733,577
27,388,258
Agreement—At
the
surplus
principal amount of
loans may be obtained at any
hot
•
later "than
request
Nov.
proceeds
working
capital
No
of
connection
with
159,
Prop.
48,257
481,758
528,757
3,342
37,583
36,667
purpose
Schnadig,;
is
board
the
of
directors,
by-laws
number
at
the
of
of
its
directors
include
all
of
the
meeting
a
corporation
from
to
13.
to
12
directors,
present
specialty shops, since its inception
in
1938.—
$1,115,005
11,987
income———
$71,680
$83,905
19,066
19,878
$1,123,992
233,947
for
called
14
and Dec.
1942
159,
1941
523,940
501,570
' 466,116
2,417
1,737,515
1,690,154
1,628,669
1,605,666
1,364,840
609,249
1,268,580
1,308,003
587,451
643,096
—
583,892
43,619
37,740
32,510
30,530
1,234,522
1,112,987
966,330
938,059
$6,611,893
$4,701,240
842,094
51,000
1,354,100
$5,856,449
1,350,000
$5,464,850
1,147,990
*1,627,200
*1,014,300
520,052
1,089,800
1,051,311
1,045,891
$2,540,798
34,062
$2,430,838
46.042
118,947
$2,750,917
20,264
117,835,
$2,763,262
33,077
14,130
$2,357,933
42,920
2,387,506
$2,653,346
47,316
2,596,950
$2,782,208
52,196
2,055,069
$363,630
f$72,493
$9,081
taxes.——
profits
taxes,
operating
'
sec.
income
income
—r_
deducs.
from
avail,
for
inc.
Divs.
$2,457,286
38,587
—_
Stock
common
balance
Income
"After-deducting
$112,700 in
1942.
profits
excess
of
35
cents
-
Consolidated
Sheet
Balance
"
Assets—
Total
Co.—Bonds Called—
plant and
other
->v:
Dec.
and June
'
Accounts
cash
Material
$57,582,545 $54,921,195
,
w-——_____——
$30,221,600 $30,221,600
cripital; stocks—,
on
Advance
ProductsrInc.-*-35~Cent Dividend
per
Taxes
426,209
898,339
•
72,756
1,014,846
388,643
808,110
3,852,178
3,259,143
72,756
904,691
billing and customers' deposits———^.;
payable and other current liabilities..
but
accrued
not
due.
Ry.—Earnings—
1944
♦
Net
Net
from
17.
—V.
railway—
credits
railway—1—
201,122
income—
106,142
oper.
159
$599,711
158,609 "f. 116,300
76,788'
36,683
• '
"
•
$663,461
P.,
444.
,
9,888
16,533,236
14,843,053
———
10,000
plant——17,253
^
4,136,920
16,749
3,762,640
reserves
Total
—V.
5,596
—
of
telephone
Unappropriated surplus
$519,654
100,360
27,474
——
J—-
157, p.
Central
order
of
the
Securities
completed.
.
States Power & Light Corp.—Payt. on
Brewster,
the
U.
S.
President,
District
;
Court
announced
for
the
that,
District
pursuant
of
Bonds
to
Delaware
The
per
an
&
and
per
March
,
directors
share
$1.25
prior approval
,
.
has
of the company's plan of liquidation by the
Exchange Commission, the corporation is authorized to
make a payment of 70'#
of the principal a mouht of the corporation's
first; mortgage and first lien gold bonds, 5% series due 1953, wh^ch^
are
outstanding. This payment amounts to $700 per $1,000 principal
amount of bonds,
4- '4
M
1
' i-4,;
1
Holders are advised to present their bonds
to the corporate trust
department of the Chase National Bank, New York, for payment.
with
the
H.
13
$57,582,545 $54,921,195
1176.
'
Co.—Dividends—
Cleveland Graphite Bronze
B.
513,767
513,767
year..
reserve
Contributions
1941
1942
1943
'
$759,245
.
—
declared, payable after close of
"
from
Gross
-1
_•
Dividend
Deferred
Depreciation
478,315
164,286
328,494 '
302,556
,
'
stock
1,158,080
——
Total
Common
13,350
2,2.14,040
1,349,338
and supplies__^'_ii,Li.>;_—
charges •
Liabilities—■
.
1,369,792
13,407
4,103.000
^
investments
receivable
Deferred
■
$50,111,624 $49,453,333
1,369,127
Temporary
Other
Central Vermont
31
,19431942'■'
-
investments
Working funds
as
par $1=, payable Mavch
bursements made
during 1943
.
$256,056
1943 arid
:
share has been declared on the common
1 to,holders of record Feb. 18.
Dis¬
were as
follows: March 1, 35 cents;
1, Sept. i and Nov; 30, 25 cents each.-r-V. 157, p, 1940,
dividend
.
2,473,956
$180,800 in
credit of
tax
tDeficit.
Comparative
1,044,884
:
—
deductions
on
117,574
fixed
charges
Interest
Accounts
A
-8,522
'
exps—
Inc.
share
5,101
1
1,463,609
expenses--
expenses
income
other
No. 4—
2,402
$13,830,793 $12,668,823 $11,918,380 $11,108,545
2,096,533
1,997,403
1,968,548
1,937,591
revenues
Notes sold to trustee of pension fund
:stock,
1940
$9,573,447
1,077,505
rents
Premium
Central Ohio Steel
year,
426.480
maintenance—
exc.
Net
732.
p.
were
last
1,218,045
.
V.
14,
$13,833,210 $12,671,225 $11,923,481 $11,117,067
taxes
$696,770
dividend of 10 cents per
redemption
and
1999.
1,387,910
revenues—
oper.
State, local & social
of March 20, 1944, all
of its outstanding 1st mtge. 4c/c
bonds, series C, due Aug. 1, 1964, at
10634 and int., and all of its outstanding 1st mtge. 3V2rf<>
bonds,
series D, due March 1, 1966, at 103V4 and int.
Payment w'll be made
at the Guaranty Trust Co., trustee,
140 Broadway, New York, N. Y.
Holders of the abovementioned bonds may receive the redemption
price, plus accrued interest to March 20, 1944, upon presentation and
surrender of said bonds at the office of the trustee at any time;—
has
company
1,
Similar distributions
1943
Revenues
were
Central Ohio Light & Power
Jan.
2,035,029
expenses
Net
stock,
year
due
series A,
first
and second
$11,371,701 $10,759,374 $10,203,866
———
oper.
Misc.
a
5%;
1989,
(Including Citizens Telephone Co.)
revenues--
and misc.
Fed.
SDebit.—V." 159, p. 4.
17 declared
A,
1,
operating'revs,—
Gen,
$804,284
108,054
$784,991
__
Feb.
series
$5, payable March 14 to
par
28.
Sept.
13,
revenues-
service
Fed.
$893,045
108,054
$64,027
applicable to preferred stock———
on
stock,
bonds,
stock,
Feb.
Years—
Operating
$1,045,269
240,445
common
March
service
Current
490
$52,614
preferred
series A, due January
income
common
record
on
Traffic
$1,044,779
§170
——
convertible
the
of
Commercial
$84,675
charges.—:
for
bonds,
547.
p.
Depreciation
3,997
directors
the
The
was
corporation
any
L.
shareholders
to
Cash
of the
Military Engine Co.—Early in the year 1943, construc¬
government-owned Victory Ordnance Plant at Decatur,
Caterpillar Military Engine Co.,. formed in the
preceding year as a wholly-owned subsidiary of Caterpillar Tractor
Co., had up to that time rendered services .to. the. War Department
in connection with the planning and erection of the DecatUr plant
and the employment and training of personnel.
Thereafter, it directed
•the equipping of the plant and,engaged in the manufacture of Diesel
radial'tank engines.
Early in the production program,, however, the
of
was
the
directors
as
certificates
4]/2%
on
Total
payable Feb. 29: to holders of record Feb. 23.
as: follows:
June lr 12Va cents; and Aug. 31
and Nov. 30, 10 cents each; '
t
iOTH " .> :
; The directors also declared the usual quarterly dividends of $1.75
per share on
the
preferred stock,;'.$1.50 per share on the 6'>
preferred stock, $1.50 per share on the $6 dividend series preferred
stock and 62Vi cents per share on the. $50 par' 5';»
dividend 'series
preferred stock, all payable April 1 to .holders of record March 10.
—V; 158, p. 2575.
h
Caterpillar
tion
674,890
414,757
$67,683
the end of the year,.,
111.,
668,567
439,219
(ntt)„_
Payments last
a gradual increase
in total employment
17,651 at the beginning of the year to 20,297
The average number of employees during 1943
was
18,252, as compared with 16,488 for 1942, and 15,292 for 1941.
Payroll and Earnings—A total of $49,542,872 was paid in wages and
salaries
for
1943, as compared with $42,135,115 for the'1 preceding
year.
■
;.v
..-.q/,);:, -.... tu
' '• ■'
Average annual earnings of employees on the hourly payroll were
$2,639 for the year, an increase of $148 over 1942, and $548 over
1941.
These higher earnings in
1943. resulted from increased over¬
time work and more than 18,000 individual merit wage increases. >
Employment—There
the year—from
trust
Total
3,061,708
80,392
23,068
Central Maine Power Co.—Common Dividend
be. used
Certificates of Necessity.
the
for
Edgar
24—,
Uncol.
(1)
government
the
amended
in
of retail
•
$5,761,558
37,008
revenues-
income
The
on
during
at
249,100
3,132
■^Decrease.
For
into
$5,833,540
3,091.408
36.523
approp._
limited-term
Dividends
charges for the year totaled $4,107,111.
This amount
normal depreciation of pre-war facilities $1,983,906
(2) an additional depreciation provision of $382,585 applicable to pre¬
war facilities to compensate for the
abnormally'severe wear and extra
hours of use of those facilities in war-time peak production and (3)
applicable
shares
directors.
recommendation
that
had
election
Miscellaneous
107,571
income
Gross
Depreciation
war
292,106
„
oper.
Interest
pro¬
special
shares of
such
of
1943—12 Mos.—1942
C.. $488,234
res.
of
Net
of the War
of $1,740,620 representing the year's amortization of
production facilities in accordance with the provisions
unissued
of
547.
P.
Calendar
Co. —Earnings-—
$544,023
expenses
ret.
Other
war
charge
.
Unissued Stock—
on
Cincinnati & Suburban Bell Telephone Co.—Earnings
7,074,667
8,303,008
489,876,
1943—Month—1942
be
thereto.
a
1C9,
Local
investments
in
of
in
—V. 159, p. 348.
-
taxes,
Amort,
>.
up
597,419
444.
Other taxes.
borrowings, have' yet been made under this agreement.
Additions—Expenditures for buildings, machinery and
made
—
—
p.
Period End. Dec. 31—
Operating revenues -L_
Federal
equip¬
; 1943, • amounted
to $1,£29,470.
Of this total, $914,762 was
expended under provisions of U. S. Government certificates of neces¬
sity for .war purposes, apd is subject to special amortization, applicable
is
arise
may
31
1944—12 Mos.—1943
.
loans, will
such
in
and
issuance
board
this
increase
chain
a
share
1 1
$ '
1 '
$
$
12,132,444 177,448,271 146,207:213
|j»
15,635,692
profit
Operating
Plant
ment
k
Central! Arizona Light & Power
,
for a line of credit in the
$25,0G0,00O. ; Under, this agreement ;
one time, or from time • to time, but
company.
.
^
'
Net
15,; 1946.
of
that
,
adidtion, Harry Greenburg, President of Diana Stores Corp.,
N. Y.
Mr. Greenburg has been President of the Diana
an
holders
$79,478,770 $79,377,012
-
—
1944r-Month—1943
„———
sales-
—V.
to provide or replenish
production contracts, includ¬
ing cancelled contracts';1 for the payment of Federal income and excess
profits taxes; and for the purchase of United States tax savings notes.
Under this "VT" agreement the company is assured that in the event
of cancellations of war contracts, adequate funds will be available,
•At such time, if the cancelled war contracts exceed one-fourth of total
war
contracts, interest will be waived and maturity suspended on
outstanding notes.
Up to the time of settlement of war contracts,
further
borrowings
can
be
made
without interest charge to the
The
——
——
Balance
urgent
charges
,
Chrysler Corp.—Continues Dividend of 75 Cents—The
directors on Feb. 17 declared a dividend of 75 cents per
1,500,000
———————.—_
surplus
^ 'r '
the company's depositary banks
of
aggregate
.
——_—_
.
stock
.
Net
Neu-
has undertaken an expanded tractor
duction program which will require the use of additional funds.
this purpose a "VT" Bank Credit Agreement has been entered
with. 13
—
Earnings for Month and 12 Months Ended Jan.
a
company
the
the
that
1944,
an
for
mortgage
—V. 159,
13,669,228
9,411,200
13,733,577
—-7——31,819,242
taxes
Total
rapid
best
by
announced
28,
York,
made
present
the
as
voting
70
profits taxes require the out¬
and said that-the directors be¬
common
unusual
any
The New York Stock Exchange has admitted to
dealings on a "when
issued" basis voting trust certificates for common stock
(no
$3,500,000
- 8,487,085
1,687,664
payable due after 1 year—-
Earned
excess
cash
....
it may be needed.
as
also
Jan.
Feb.
'
Copital
miller, President, states in part:
Bank
,
*
———
Net
"VT"
,
$79,478,770 $79,377,012
payable due within a year—
Accounts payable
.'Accrued payroll and expenses——-—
.
.
Caterpillar Tractor Co.—Annual Report—L. B.
Department,
,
Liabilities—
earnings rather than
assets or an increase of
of
,
pari ;•
,
this
for
possible
general mortgage 4%
excess of $38,000,000 (including cash
than $25,000,000),
the directors
conserve
•
20,641,782
while
that
•
Chicago & North Western Ry.—Admitted to Dealings
1
17,638,222
buildings,
Total
stock dividend policy at this time.
There¬
intention of the board subject to change if.
conditions should warrant, that any further common stock dividends
which may be declared in the current year shall also
be paid in
common stock,
the rate to be fixed in each instance.—V. 159, p. 932.
•
V.
37,263~776
34,423,715
trade-marks and goodwill—:
;
machinery and equipment-—
Prepaid insurance, taxes, etc
—.
——
dividends of
statement
previous
$1.71 per
1,436,782
Patents,
Land,
'
-
16,878,612
Inventories
paid
1943
and
"
200,000 authorized
times
Stores,
$4,525,584
owned subsidiary—.
wholly
the
$592,557
as compared to
that
was
New
1942
16,758,435
to
meeting, to be held March 28, 1944, shareholders will
upen an amendment to the articles of incorporation
removal of the limitation and restriction upon the
stated
Nominees
Dec.. 31
reserves.
compared
the
make
provide for
$4.16
1943
1943.
without
held
3,764,480
$4.14
policy early in
being
any present plan
for. the issuance and sale of such
the corporation has no immediate need of additional
capital, and that the recommendation is being made in order to place
the corporation
in a position to meet new demands for capital at
145,339
7,002,449
3,764,480;
$3.72
1942.
advisable
shares,
Dr68,023
3,764,480
$600,938,
provide
act
for
Piesident,
34,505
8,195,464
to
to
to
as
Drl41,254
—
were
year
annual
deemed
15,311,964
^ : "
and
Notes
more
application
* v
•
pointed
large
very
lieved
each
the
asked
Dr39,422
,
by the company
retail store opened
retail
post-war adjustment period,
20,884,255
$9,135,691
corporation
for
the
Issuance of
11,621,560
42,000
its
Edgar L. Schnadig advised that the reported net. profits
crediting an additional $75,000 to a reserve for contingen¬
This
account now
carries a
total
of $307,546,
and has been
At
be
22,421,162
•
largest
of
Seeks to Remove Restrictions
2,532,471
;
and
ended Dec. 31, 1943, were $36,494,007, slightly in
sales of $36,348,336.
Net profits after provision
year
year's
taxes
accumulated
the
1940
3,540,952
the
last
for
cies.
full
4,310,544
(Cr)__ '
9th
earnings per share amounted to $1,74,
Toll
President,
capital is
the
..
Dreyfus
of
share
one
home
and
after
and
stock,
common
all the family,
for
apparel
President
were
able
,1941
for
of
share
Years
1942
the
announcement
Federal
Net
11.
securities
business,
Indebtedness.
the
again
is
4,107,111
Balance
$3,193,751;
2575.
the
wear,
year.
opportunities for our
'
Calendar
Assets—••
cumulative series prior preferred stock, $1.75
desirable to
construction
expansion
solely
of
cents
50
30,
for
so
taxes__
com.
cumulative series prior preferred stock, and $1.75
second preferred stock, all payable April 1 to
March
government
that
rate
the
t6
1943 Sales and Profits Equal Previous Year—
73,062,514
—
Profit
7 ch
recoi'd
Camille
net
of
June
declared
the 7%
on
share on
and
the
on
stock of
on
will be enlarged.
For the time being the
operation under its present name, The Famous
■-v.'. : ;;r; Vv
:,'v'./f.-
Store.
makes
Sales
58,908.483
'
share
holders
dividend
common
accrue
departments
continue
the
excess
manufac¬
of
customers,
82,243,212
*
The directors
per
at
methods
101,957,987
paid
Notes
a
in
dividends
cash
March
on
1942.
31
11
This
the
operate
to
company
peace-time
the ,market
other
will
since
a
in
included
been
planned
the
all
store
sub-con¬
a
29,077,141
Surplus
with scrip certificates for .fractional shares.
$1.25 per share on the 5%
per
declared
March
that Sate;
on
quarterly
this
on
record
as
173,945,023 142,168,849
„
Dividends
$100,000;
ready
,
not
better
when
serving
of
Account
—,
profit
Common
payable March
of
women's
Department
It
Regular Preferred. Dividends—
Feb.
it
•
Co.
that
so
taken
1
paid
$1,-
Celanese Corp. of America—To Pay Dividend in Stock
Common Shares, in Lieu of in Cash—Also Declared
on
and
by
occupancy
inc.__ 140,760,772 115,437,143
misc,
income
on
The directors
working
the
Military Engine Co.- derived
Notes
;.
and
use
„
which
in products
be
—
Interest
profits tax refund credit (per contra),
preferred stock
(par
$100),
$9,290,600;
pan,
Co.
$20,000,
facilities
then
can
Federal
1, 1944i, $162,586;
and price adjustments
income
on
comprised
people
Caterpillar
Tractor
developed
entire
Interest
Post-war
liabilities,
accrued
of
made
(payable Jan.
taxes
reserve
cumulative
surplus,
Caterpillar
being
its
less
Gross
,
post-war
7'r
stock
common
of
Depreciation
(less reserve
$13,087,637),
equipment
renewals of
to
cease
Edgar L. Schnadig, President, of the Chicago Mail Order Co., stated
that the store would be remodeled, a shoe department will be added
Dec.
Sales
(less U. S, Tax. Savings Notes of $2,000,000),$11,161,post-war adjustments, $1,600,000;
reserve
for con¬
for
tingencies, $3,450,000;
reserve
and
accruing
preferred stock
line
much
providing
devices, etc., 81.044,423; deferred charges
$239,377; total, 863,639,505.
on
war-contracts
reserve
and
Tractor
operations,
designs,
operations,
3,500
1943
(less reserve
supplies and
$13,338,294;
$3,000,000),
plant
Caterpillar
Income
U. S. Treasury
Sept. 1, 1944),
not
later than
materials,
of
will
-r;l-v;V.
444.
p.
company, it is announced, purchased the Springfield Famous
Store, Inc., on Feb. 21.
The store, located at 614-618
Washington St., Springfield, 111., for over 40 years, carries a complete
have voiced their con¬
to the future of the
officials
mean
products.
etc.,
(maturing
accounts
Inventories
bu'ldings,
Liabilities—Accounts
764,768;
657;
Notes
reserve
land,
$12,018,679; patents,
.on
Canada
of
$675,681;
$14,839,040;
later
not
"will
than
more
advancements
are
advantage
1913
$12,181,836;
hand,
on
(maturing
outstanding bonds
159,
Department
Cost of sales, oper. exps.,
31,
1944.—V.
This
a
devote
to
common
Oct.
all
7(Kf. of
upon
7,
Chicago Mail Order Co.—Acquisition—
;
pur¬
company
Further
turing
.
profits, tax refund credit (estimated), $435,000; miscellaneous
assets, $15,018; common stock (1,208 shares held for sale to em¬
other
to
and
indebtedness
$1,000,000),
excess
banks
in
of
Sheet,
military
effort to the winning of the war.
At the same time it is
duty to the nation, to the men who will return from the
battlefronts, to employees and stockholders, to plan ways; and means
by which the conversion from war to peace-time operations may be
made with a minimum of Interruption; of employment.
^Deficit.
inventories.
Balance
Department
of approximately
At
possible
clearly
fiscal
.
March
entirely on money advanced by Caterpillar Trac¬
31, 1943, such advances amounted to $1,436,782.
Post-War' Plans—It is tho company's purpose to devote its utmost
outstanding at close of
year.
In Dec., 1943, four shares of $25 par were issued in ex¬
change for one share of the old $100 par stock,
tlncludes provision
for price adjustments on war contracts and after deducting $370,000
post-war refund of excess profits taxes,
fBefore deducting $65,000
193,752
important
very
a
,
accounts
Co.
tor
578,319
$414,735
share—
common
to
1943
its
profit
the
$3,263,233
708,330
—
per
*On
$2,482,919
dividends—
order,
Military Engine Co. which
Caterpillar Tractor Co.
to
subsidiary
§1,000,000
$2,420,457
650,342'
_
Surplus
•Earn,
370,000
dividends
i Common
net
$6,210,935
10,300.467
prof, tax
excess
Canadian
$9,678,718
111,603,000
,
War
>
development
31,
Plant
From
1941
$14,415,583
14,828,045
14,810,457
—,
-
termination
1943,
this plant;
of
tractor
"
1942
-
Interest
de¬
The:; government has made arrangements' to lease the Victory Ord¬
nance
1943
had
war
furnishings,
Caterpillar
(J. 1.)
the
that
Dec.
force
,
Fiscal Years Ended Oct, 31—
Profit after deprec. and amortiz.—
the
fitness.
high
At
;
1944
'
of
tank."
$5,440,000
■
-
——————..
159,
of
time
viction
Canadian Pacific Railway Co.—Traffic Earnings—
-
fluidity
the
had been served.
Tanks powered "by the engine have been sub¬
jected to months of exceedingly severe field tests and have proved
' V:
v.'-;,
because
pose
their
1
'
v
the
at
participating distribution of 94 cents
senior stock on March 31, last year.
A
the
on
that
D7
preferred stock, par $100, payable Mar. 31
13.
Mar.
decided
Department
veloped the greater'need for an increased number of "Caterpillar"
Tractors,--the plant should be made available for that production.
Although only a small number of ladial engines had been produced
,
cumulative participating
to
War
quarter
each
in
disbursed
were
'
also declared the usual quarterly < dividend of $1.75
participating dividend of 53 cents per share on the
during 1943,
The direotors
per
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4259
on
on
share
to
Feb.
22
declared
an
dividend
interim
of
50
cents
regular quarterly dividend of
preferred stock, both payable
the common stock and the
on
holders
cumul.
the
5 '/<■-■
of
record
made in each quarter during
March
3.
Similar
1943.—V. 158, p; 2154.
distributions
were
.
Colonial Stores, Inc.- -Sales Show Increase— > 7.
'
Period Ended Jan. 29—
•
.
1944
y-
1943 (Increase
,
Sales :
--V.
159,
$6,524,768;
$7,142,289
p.
::.
348.
•
■
.
,n»»;r
n,
Ifl'jaii,
$617,521
-••
.
•
•;
'
'■' :sv
■
■.
'
;
/
Commercial Credit
7
the board, in his
Duncan, Chairman of
E.
A.
Co.—Annual Report—
' '
Assets—
Cash
.
Time
deposits———
and notes receivable
U, S. Government securities
Other
receivable
accounts
Refundable portion of
Deferred charges
Total
excess
i.
stock
v
accrued
'
declared--
dividends
^___
3,601,386
k
-750,000
'
286,863.
Reserves for depr.
deposits
retire, of prop. & plant
&
Other
Total
.
no
no
shares.—V. 158, p. 1729.
par
Pa.,
■
'
^
'
**
'
•
oper.
' '
1940
1941
' 1942
.
v
' ''
$
' $
" '< *
""
*
insur.
6,487,602
3,245,834
784,887
356,404
192,453
42,942,991
income
Gross
!
39,947,747
36,166,207
25,862,783
agents'
"Divs. on- pfd.
•subsidiaries
Other
of net losses Cr2,577,176
by
4,952,275
3,431,309
3,205,884
3,186,645
5,398,919-
2,852,0.76
;U. S. and Canad. inc.
taxes:
and
tax
income
Normal
surtax
3,627,764:
______
and exc.
4,636,207
8,312,653
pur¬
chase price—on mfg.
subsidiaries
Net
Not
6,357,341
7,068,420
9,081,950
518,236
518,236
:
•
" l"745
Crl,lll,497
10,713,208
14,405,982
profit
stock
-
1
»
5,524,102
5,524,419.
5,524,419:
.
___
pfd.
Crl,390.898
17,324,310
15,805,222
•
196,561
403,499
.
13,274,558
3,382,796
55,565,252
3,644,128
52,299,107
1,243,304
52,424,262
$3.06
£133,508
Surplus
,
53,426,013
___
inc.
$4.78
$4.3,5
518,236
$2.94
common
-
314,686
stk,,
scrip, outstdg.
at end ot period,,,,.
of
shs.
3,039,611
1,025,765
Note—Canadian
V
at
outstanding
stock
common
included above are after de¬
exchange depreciation.- •
of $249,378
earnings
duction oP $27,432 Canadian
Consolidated ' Balance
''"J'1-:.://11/
w
p Assets—
" "h
J-
of directors on
and Exchange'
Sheet, Dec,, 31
"ie-':/.;.'-'.V•'•':!
V
1943
-•<-;•*.
r. ,
$ .
1..1
:—j
weekly kilowatt hour
,'"7*
>
output of
•
Trust
' '
a+*
1
v
•T°.tal
corporation
this
''A'•
''
1
*;r
estate mortgage,.
2,533,710 '
^/••••, V '
/v-*^f^
$4.25 preferred stock
tCommon Stock
L.L
l
balance due manufacturers,
Dividends payable
—:
:
Credit
/Corp.^Annuaj Report7 4.1!4'%::^iotes
11
etc.
1
i
9,494,100
55,504,694 - 53,098,665
-37,387,636 * 28,391,331
_______
2,683,307Mb,756,337/
::
:
20,000,000
710,000,000
2^/notes
-
1%%.
•
•
Notes
payable
Accounts
.
-
______
Li_J
Net
inc.
sh.
per
stk.,
com.
7
outstdg.
end
at
1,841,973
scrip.
of
'$£23
$4 65
$3.55
$3,17
period
•
1,641,473
on
incl.
!
,
7
->
v.
Comparative Consolidated Balance Sheet, Dec. 31
1943
Assets—
•""
,
Cash
and
Accounts
in
Repossessions
receivable,,,.,,.,.,-
"
_____
Unamortized
4
-
I
^cturing subsidiaries
_________
Deferred charges
_,j
*
■
.
.7
1,399,969
1,747,106
823,853
notes/,.
5,000,000
payable
due Sept. 30,
I~~
19491,111
payable (secured)—mfg. subs
real estate (final mat. July,
Mortgage on
;Contingent
•
The
reserves
:
for
30,000,000
3
1,151,271
4,914,212
-
_____
Advances
14,730,124
on
Preferred
stock
incompleted jobs
Deferred income and charges.,:
Minority interests' equity in subsidiaries.
stock
.'Common
($10
par)
9,123728
par)______
.,111".
Capital surplus -^2—
Earned
surplus
Total *
-V.
p.
279.435
12,193,800
12,193,800
18,414,730
15,962,580
18,414,730
19.662,219
17,465,672
•'
■'
165,156,046 253,790,715
__
158,
9,693,357
204,258
__
2465.,
,
Cleveland Electric Illuminating: Co.
Calendar
*
Gross
Years—
earnings
Operating
1943
______
$42,722,249
29,128,852
expenses
1942
(& Subs.)—Earns.
v
1941
1940
-
$37,348,520 $35,379,754 $32,031,547
oper.
Interest
income
Net
Divs.
revenue...
24,006,837
22,539,381
20,426,734*.
and
taxes,
Federal
7,479,286
preferred
stock
7,207,424
5,783,787
3,288,525
$6,114,111
etc
income
on
common
$13,593,397 $13,341,684 $12,840,373 $11,604,813
$6,134,260
$7,056,586
$8,316,288
5,796,579
6,377,719
6,958.860
6,958,860
$317,532
t$243,459
$97,726
and
______
Balance
—
•Includes
non-operating revenues of $i06,688 in" 1943,
1942, $36,718 in 1941 and $28,214 in 1940.
fDeficit."
$1,357,423
$43,241
in
shares
of
subsidiaries.—V.
158.
"
-
increase
of
29.8 % .—V.
159,
734.
p.
Consolidated Film Industries,
;
was
and
The directors have
of .accumulations
count
-able
April
made
as
•
declared
1
to holders
April
on
at Jan.
on
the
$2
preferred
of record March
July
1,
1,
Oct.
Inc.—Accrued Dividend
dividend of 25 cents per. share on acf*
a
1
and
stock,
no
value,
par
pay-
Similar distributions were
31, last year.
Arrearages
10.
Dec.
1, 1944, amounted to $12 per share.—V. 159, p. 548.
'
Consolidated Gas Electric Light and Power Co. of Bait*
reduced
—Annual Report—
Calendar Years—
Electric
Gas
Steam
>
1942
'
1940
1941
*
revs.__
$51,555,439 $47,359,456 $43,103,465 $29,195,928
revs
revs
heat,
1943
•
$38,984,199 $35,938,999 $32,662,834 $28,920,963
11,552,300
10,502,929
9,662.672
9,428,372
1,018,940
917,528
777,959
846,593
revs.^___
oper.
oper.
op.
■
466.149 in 1941.
"Studies have been
proceeding for several months and programs are
objective of planning, as far as possible, the
operations in the various fields of financing."
With reference to factoring operations, they state:
"The factoring subsidiaries are contributing to
the war effort by
financing manufacturers and selling agents in the distribution of many
tynes of war material, including uniform and parachute fabrics, canvas
.and other textiles, and products of various fields of manufacture rang¬
ing from shoes lor the Army and Navy to airplane wings and glider
formulated with the
post-war course of
assemblies
'
qualifying
.
company on Feb. 23 announced System output of electricity;
(electricity generated and purchased)
for the week ended Feb. 20,
1944, amounting to 218,600,000 kwh., compared with 173,600,000 kwh.
for
the
corresponding week of 1943,
an increase of
25.9%,
Local
distribution
of
electricity
amounted to '208,100,000 kwh.,- compared
with
160,300,000 kwh. for the corresponding week of last year, an
;
term debt to $30.000,000....-Current. and term
reduced from $97,375,399 at the end of 1942 to
$30,000,000 on Dec. 31, 1943.
Subsidiary companies purchased large
amounts of Government obligations in the war lean drives, owning
$62,038,108 of Government obligations on Dec. 31,-1943.
. .
..
.
Discussing operations of the company, Messrs. Ittleson and Dietz
§t&t6 *•' '' •'
'*
„i''•.v
- V. J
••<*''"" '•*. *"*'• \ v
*'«•" '•*, '"r'*V
"As
a
result of the stoppage of manufacture of automobiles and
other durable goods for civilian us*,, and other war-time restrictions,
the portfolio of instalment obligations, which amounted to $131,546,353
at Dec. 31, 1942, was $41,178,922 at Dec. 31, 19*3, and wholesale automobile receivables covering new automobiles in the possession of dealers
declined from $28,905,000 at Dec. 31, 1942, to $10,821,000 at Dec. 31,
1943.
Operating expenses of instalment financing subsidiaries were
$5,650,741
in 1943, comparing with $13,410,039 in 1942, and $20,-
being
Net
compared with $779,409,788 in 1942. This decline
by the shrinkage in-automobile
almost entirely
goods financing
has
198,396,CI7 255,886.032
'___
The
incident to the cessation of-manufac¬
these fields due to the war.
The company shows .no current
debt
28,944,155
29,080,621
Consolidated Edison Co. of New York, Inc.—Output—•
/
borrowings were tfrus
140,836
19,453,597
($100
as
for
durable
turing in
and
9.440,355
17,166,373
________
■
Reserves
the year
other
1935..
p.
wholly-owned manufacturing subsidiaries, The- Holtzer-Cabot
and the Micro Switch Corp., reported combined net earn¬
'.accounted
556,615
1956
1,262,479
_
...
interest;, directors'
ity
.
Co.
Presi¬
of
31,391,571
prefer-
of
fRepresented by 3,580,948 .(3,539,911 in 1942V no par shares.: iMinor-
,
;
.
shares
ence shares into common
Surplus
Total
t
176,014
9,827.897
1,440,767
4,506,897
- 279,292
'682,487/
2,000,000
1,000,000
16,713
8,806
24;345;392 ' 26,691,107 ;
3,474.722
in 1942.
ings' of $1,001,629 after reserves, which include•:
renegotiation.
■
s. ' „ /•
Henry Ittleson, Chairman of the Board, and Arthur O. Dictz,
dent
in their annual report to stockholders state, that; the volume
business of financing and" factoring subsidiaries, aggregated .$673,691,025
'
89,821,500
31,571,496
30,000,000
two
Electric
conversions
•
7,723,994
118,333
1
of
out
Paid-in
"After the war,';., the, survey concludes,
"it Is expected that instalment financing will again become the largest
division of the activities of the enterprise, and that volume of .business
in this field will expand rapidly in view-of .the accumulated'-demand
for durable goods.'-'
'
-.
V.
The report states that National Surety Corp. and. its wholly-owned
subsidiary
National Surety Marine Insurance 'Ccrp/V :had consolidated
net earnings of $2,736,895 for the year, that earnings of the :factoring
subsidiaries were well maintained, and : that., prospects. ..of. .continued
?• satisfactory factoring operations during the Current year are favorable.
*
Unsecured notes, 2V4%
Notes
'
2,912,013
:
arising
14,017,172,
1,383,229
surplus/:u_-_///__±i_ji;__:_;^__ili/
Capital
;,
other consumer
and
facturing companies
165,156,046 253,790,215
33
Unsecured short-term
Accounts
.
4,252,132
539,676
emergency war facilities of manu-
Liabilities—
359,412
_
Propery, plant and equipment
Total
25,282,299
775,995
1,148,316
Emergency plant facilities
Furniture and fixtures
'
5,93o!895
36,608,382
Investments
.
146 319
___
5,829,906
_
Other assets
:
$ r111
32,996,549
j.
93,457,927 182,815,767
company's possession
-Inventories
.
1942
-v.', 'J
* $ 7 ^
21,919,732
J
^
t
•
notes
—
/Earned
:
durable goods/ to factoring of; textiles and
other products,. the acquisition of National Surety'Corp.- and-Service
"Fire Insurance Co. of New York, and finally, the-pur/chase of, two -manu¬
ances
'
,
$Mi(n6rity 'interest
.
out that 1944 marks/the; 25th':anniversary of
;C. I. T. as a publicly-owned company, and' itsr36.ch>apriiyersary-'since
it was founded in 1908.
During this period, the; company has. wjtnes^ed,
an
ever-broadening diversification of activities,/".beginning/with its
pioneering operations in the financing-of instalment',sales;vof auto¬
mobiles and
extending its activities to wholesale.-accommodation of
automobile dealers, to financing credit sales Of machinery,'-.home appli¬
2,850,000
30,000,000
'-.'-16,666,667
47,858,733
11,181,311
payable, etc.'
-Dealers', reserves
points
report
"
Liabilities—
-
reports combined net
'
«■■■■■
—■■,
198,896,017 285,886,932
—
•
The
1,841,473
~ $ .
36,146.167
•
21,160,664;
,
3,539,911/shares-ofVfcominon;;sto,ck;
1,808,538
com.
1.841,473
Xth:'.':
1942
,
f
Jj
'Cash
which,wasrretired
incl.
/
•
end of year.
IDeflcit.
§Of
directors' qualifying shares of subsidiary.
HExcluding unrealized gain
or loss
from changes in market price of securities.
•On
•payment of dividends on the preference stock; all of
. .-.Interest accrued on non-current indebtedness..
June 30, 1943.
......
...
Z;,: Deferred income
In
the preceding year combined net earnings-totaled:;$14,002,482,
/Reserves against loss and contingenciesafter deducting $1,000,000 as a reserve; for ^contingencies. -AThis;was .
Res, ..for:retire, benefits" for past serv, of empl.
equivalent to $3.96 per share on
« Reserve for contingencies
after deducting preference stack divldehdsi>»; /'Q-
5.984,132
opers.
/No
-
•Earns per sh. on
earnings 'o\' $10,713,208. for 1943,
after deducting $1,000,000 which has been added to the
reserve for
contingencies.
These earnings were equal to $2.94 per share on the
3,580,948 shares of capital stock outstanding on Dec. 31, 1943,'-.after
from
credited to
/■earned surplus.,.
14,156,294
10,619,687
10,650,155
■
of
405,624
405,624
,
on com.
________
Total surplus
-
Bal.
j
s.
Crl.132,486
made 28 days
be
Corporation
8,310,907
•
______
k
not
series
Cash divs.
:
File- Amended-Plan—
stock of $i;25 .per: share-(was declared
Feb. 19 subject, however, - to an order
Commercial Investment.
on
stock
com,-
"2,047
-
on
divs.
5.636,113
dividends
/
2,770
518,236
divs.
paid
stock
paid
pfd.
Cash
:
~8~362
int.
income________
Cash
,
Net
t2v312,181i;tip,^5>^2 !;
445,490
—
min.
for
inc.
preferred
9,117,909
1,000,000
805
inc.
net
subs,
$4.25
adjusted to show gener«'febus»n^55Ve6hditiohs of
territory served for the week ended Feb. >17, " 1944 amounted to'256,-275,495 as compared with 235.557,266 for the corresponding- week, in
1943, 'an increase of'20,718,229 or 8.80(4.—V. 159,-p. 734...
■ -
of
574,216-
120,784
coating
9,083,907
8,090,895
6,486,487
Net- inc. from oper._
for
,
'
.Weekly' Output—
7,000,000
for deterred
-
9,535,461
1,000,000
598
-
Securities
to
The
Res.
4,617,551
_
F, H, A. guaranteed real
profs,
tax
•Res.
of
v
-
__
consol.
26j296,314
.
21,564,737
1,514,301
Crl ,822,525
tax
jiUndlst,
976,813.': 11,673,319 V 11,7?1,917.
171,675 /. 2,096,968 V ; 2;900,093
1,173;297/! 1;391;761V
27,201,999
1,892,267
'
cap.
,
Reserve for renegotia¬
tion
-
25,504.803
1,674,053
15,134,597
625,764-
—
&
gMinority int.
1,376i218^16,420,794 V 17,347,097
928,214
98,092
750,000
247,982
income__
stock
J"
\
3,916;468' 42,501,263v 42:344,108
>
V*
1,000,000
295,645
20,566,755
'
Commissionvi" ..The :/payment!. is pro:-, iNotesr and accounts receivable—103,840,004 228,649,197.
6,227 •
91,876'
after the date of the Commission's order • / Repossessed cars and other produet5__il______
Marketable securities
55,590,922
5,652,260:
.to the holders of preferred stock at the clo^e of business on the -14th
.Miscellaneous accounts receivable_-__-_._____p:
507,972
865,870
day after the date of such order.
During 1943, the following distribu¬
12,531,000 11,531,000
tions were made: July'2?, $3; Oct. 11, 75 cents; and Dec. 24, $1. Ar- ; /Capital stock of National Surety Corp.^__r
Investments in wholly-owned ,mfg. subs. ______2,634,000.
2,734,000
rearages as! at Jan. 1,. 1944, amounted to $27,50 per share;:
PMiscellaneous investment
:
y *'
"
83,551
* 165,295/
The board also authorized the filing of an "amended plan to. change
/Furniture,and: .'fix;tures_-_-____2-_-^c:____ii^_z.._-"••
•,> v- 5
-•-/
s -.
the
capitalization of the corporation which /.makes: nb;> substantial
Deferred charges
7,962
51,260;
V changes: from the amended plan approved yatthe >meeting; on'Dec. 28.;
1,071,833
2,035,306
5,220,538
10,173,444
1,281,743
.
>
on>preferred stock of parent.corporation.
the
on
board
the
the
posed
and loss
losses
adjustment exps
:
and disct. chgs._
dividend
A
Cr513,553 CVl,385,314
Crl,650,913
of
Int.
'
^/3,538,196
[31,246,982
1,000,000
483,423
1,012,657
$1,25 Preferred Dividend—^To
464,590
holders
Insur.
•Before dividends
;
117,175
.
policy/
Distributions to
•
income-__^___,-I'
Net
in
losses
for
excess
1,068,155
77,562
78,971:
65,604
fluctuations,.
Reserve
4,666,260
•
•
of
stock
$
f)
25,906,354
inc.
Prov, for conting.
7,124.637
1,328,733
5,482,737
4,928,875
*
Canadian
for
exch.
8,689,858
9,326,615
1,158,399
4,273,467
exps._
manage.
Prov,
1,018,032
11,129,035
____
I
deductions —-.:
Other
compen.
____—
j
^
->
income
Gross
■
V
24,021,380
-
1,845,303 / 22,857,672 : 2.2,392,967
'
/'; V. / f 16,195,441 -.15,571,820
5,643,089
10,755,105 10,059,889
/]
^5,753,725
^Interest.1,338,593
Officers, employes and
•Taxes
"•
'« 'J
,.
9,228,959
taxes—
'' l*
12,205,940
,
consol.
-
Total
_■
profits tax_*
Fed, excess
14,631,077
1,508,032
3
7,292,851
1,941,979
taxes__—__1
income
1944—12 Mos.—1943
' •' i ,!" ^
2.344,552
J6,789,531
owned
Interest
Fed. inc.
17,191,679'202i79E26lf 182,E27,998
5,786,819 -i79,232,-799 65,462,900
18,526,750
:
^
$ '•>'**"
!',i'- '''-
'
,
amortization
Federal
'r
Sundry income
i '
v
revenue
'General
22,424,496
29,322,202
prems.,
etc.
'K
7
Operating expenses..:—
Prov. for depreciation &
<
1,018,586,326 845,258,802
'
fees,
$• "
6,277,742
18,175,330
prof on mfg. sales
'lti*
Gross
inc.
commissions
Earned
•,
1)
Calendar Years
acquired 476,860,009 569,496,827
and
23,656,159
8,628,553
recelv.
Gross
1943
,,
"
''
Gross
Gross
v,
>
Consolidated Income Statement for
:
1944—Month—i943
Period End. Jan. 31—
'1
Baltimore.
*
Lancaster,
Co.,
Casualty
>.
19,788,362
3,476.774
'
'
16,056,022
Subs.)—Earns,
(&
Southern Corp.
&
23,993,660
2,038,987
subs.
.
Commonwealth
-
1,916,000
non
.
consummated the pur¬
stock of Pennsylvania
which shortly thereafter was moved to
^
211,271
__
Miscell.
„
Acquisition—On Aug. 21, 1942, the company
chase and now owns 99.98'/*
of the capital
^ 8,547,150
.'wholly
Represented by. 2,324,564
- '
'pair shares.
1940
«>1'J $
'
Div.
243,537
188,199,390; 182^702,617
1
r
tRepresented by 254,989
__c_
' *'
779,409,788 1,638,679,148 1,285,016,744
42,849,898
53,376,788
42,699,669
20,964,362
exps.
V $
1941
V' $
1942
V
' -f,?
'
com.
Oper. profit
ree'd
from
/
;
^
f
673,691,025
Int. on cur. indebt.
286,863
' •-16,377,178
___"
surplus
'
*' '
I
&
serv.
Oper,
5,413,504
750,000
;1,080,000
458,946
" 153,114
___<
reserves
Earned
"
'
1
of,business,
Net
2,703,000
'Reserve for^'• "post-war adjustments___I._I___-'-_'_.
-
Vol.
893,093 ,134,155
915,915'
.514,639
44,370,545 : 40,627,075
and accrued liabilities.
current
Other
■
•
218,476:
Customers construction
the
Consolidated Income; Account for - Calendar Years
'
1
134,004
165,955
ivi-
.Consumers' deposits
period subsequent to the dates of acquisition of each subsidiary by
company in 1942, is $479,323.
A reserve for this amount has been pro¬
vided and charged to earned surplus and reduces by $0.26 per share
'(from $3.55 to $3.29) the net income on the outstanding common stock
of Commercial Credit Co.
for 1942.
Carefully computed reserves be¬
lieved to be ample for renegotiation of 1943 operations of the manufac¬
turing subsidiaries, together with reserves for excess profits tax, aggre¬
gating $7,000,000, have been set up and charged to current operations
of the company lor 1943.
>
'
'
[
'
'< -
reputation/both: of Holtzer-Cabot; and Micro Switch Corp."
the
:
.
939,284
1,087,613
:
L—
accrued
Preferred
1,142,611
1943
-___
Payroll accrued
excellent record of performance and the
the war-time economy have enhanced
Their
extensive use of their products in
25,498,900 " 25,498,900
40.871,520
50,000,000
50,000,000
debt
Interest
;
conditioning and other me¬
heating, air
machine tools,
in
equipment,
chanical
40,871^520
/_
Accounts payable
Taxes
ticularly
.
.tSerial Preferred stock
Funded
750,000
t
1,108,061
,
Liabilities—
I Common
,
:____ 188,199,390 182,702,617
—L
The products of the Signal Division of Holtzer-Cabot are
principally signaling, paging and call systems, and fire alarm and
watch-protective systems for installation in hospitals, schools, public
buildings and
industrial plants. ■ Before the war the products of
Micro Switch Corp. had a large number of industrial applications, par¬
; stations.
3,017,252, ; 3,555,376
La._u
740,058
335,000
197,000
profits tax___._l_ '
_•—______
-
central
conditioning systems, and telephone
chines, ventilating and air
1,300,000
^
industrial
of
3,410,633
1,480,000
7,639
( i 750,000.
/Deposit for payment of ;matured interestl.i^vMaterials and supplies.
...
'Accounts receivable from municipalities
Manufacturing Subsidiaries—Renegotiation by the
of profits deemed excessive on sales con¬
nected with the production of war material by all of the manufacturing
subsidiaries to Dec. 31, 1942 has been completed except as to one com¬
pany.
Definite agreement has been reached as to each manufacturing
subsidiary except that one, in which case the subsidiary company be¬
lieves that, the amount assessed by the Government is not justified and
lias declined to agree thereto,
.
V'
' -V
.
j
Including all of the amounts agreed to and the amount demanded
by the Government in the case not agreed to, the net refund to the
Government by all of the manufacturing subsidiaries, after applying
tax credits, for the period prior to dates of acquisition in 1942, is $778,015, part of which was paid in 1943 and part will .be paid in 1944,
A reserve for the portion not paid in 1943 has been provided resulting
In the entire amount being charged to capital surplus on the books ot
the company as a reduction of the net worth of the investment of the
company in such subsidiary at date of its acquisition.
•
_
The net refund to the Government, after applying tax credits for the
•
-•.
...j
cations.
171,315
4,604,948
,
3,916,110 ;.
4,500,000
8,468-
^
Accounts
Government for the recapture
-
hand and in banks_^-
on
170,620
4,310,214
Switch Corp., pro¬
been
pro4ucts of these companies have important peace-time appli¬
Holtzer-Cabot motors arc incorporated in diversified types
products, such as recording instruments, business ma¬
"The
of
Renegotiation
has
duction
170,083,665:165,343,037
deposit with trustees.^-
Cash and securities on
previous year.
In the case of Micro
doubled as compared with 1942.
the
In
than
s':/■
31
Dec.
:'/1943 33-1942
plant__i____„
Property- and
volume of the
gross
•
remarks to stockholders
receivables financing de¬
partment and factoring subsidiaries of the company was $476,860,009
in 1943, compared with $569,496,827 for 1942.
Gross premiums, less
cancellations but prior to reinsurance of the insurance underwriting
subsidiaries were $17,096,609 in 1943, compared with $8,261,751 for
1942, and net sales of the manufacturing subsidiaries (acquired during
the last six months of 1942) were $85,683,929 in 1943.
Volume—Consolidated
Sheet,
Balance
Consolidated
"
/••
Monday, February 28, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
838
for
Discussing
which
have
Air Forces."
\ • •
outlook for the manufacturing subsidiaries.- both of
the Armv and Navy "E" award, the report says:
of Holtzer-Cabot during 1S43 was almost 50fr. greater
oper.
7,605,458
Operating
exps.
Depreciation
Taxes
V
•
income___
Operating
Other
income
Gross
24,735,534
4,313,046
8,805,847
22,518,863 20,940,150
4,607,959 ' 3,86.9.013
7,184,912
.6,200,237
$8,847,380
$9,505,030
$8,791,731
635,181
786,754
463,548
660,190
$9,482,561 $10,291,783
______
$9,255,279
$8,846,718
2,421,495
2,472,732
29.576,242
5,526,358
________
income
;.
$8,186,528
2,345,310
bds.__
2,401,273
Approp. to post-war res.
600,000
•_•_
,
deductions
134,601
102,003
81,164
246,084
______
1,590,000
'Int.
& amort,
/.Other
Approp.
Net
to
on
pen.
income
1,278,917
divs.
.$6,178,286
1,278,917
$6,701,383
1,278,917
4,202,629
________
divs.
Preferred
Common
res.__
4,202,629
4,202,629
$6,255,324
1,106,597
4,202,629
$696,740
$1,219,837
$946,098
$4.20
$4.64
$4.41
$6,346,687
the
the
received
"Production
Total
/
,-y Balance
for
the
$865,141
year
..Earns, per shr. on com.
'
-
$4.34
..
..
■;
Volume 159
Balance
Consolidated
1
.
trtillfcy
Cash
Sheet,
'
working
deposits
funds
and
Materials
dividends
and
4,347,314
157,542
—
receivable
supplies-
-
'
current
Investment
and
and
accrued
fund
,
5,279,347
159,560
to
accounts
Deferred debits
—
—
222,991
160,809
—.T—-w
.
Consumers Power
31-^
Period End. Jan.
Total
'
Liabilities—
capital stock
Accounts
payable,
Dividends
Matured
Taxes
declared
interest
accrued
Interest
Other
:
157,037
73,756,000
1,755,480
*.
1,379,351
•
-
-
•
__———-V
172,730
3,658,781'
;
accrued '-——t——.205,821
current and accrued
Deferred
credits
liabilities——-—'
—v
.f
—~.
Reserve for depreciation of utility plant
Reserve for depr. and amort, of other prop
448,849
.
927,523;
Miscellaneous
reserves-'r——;
Contributions in aid of construction-——893,053
'Total
—-V.
,x
197,028,465
Divs.
.7..* •■
■■••• ;v*♦
■■ ■
v.*;"*
•
;
at
stock,
January,
the
$5i
par
Payments
in
enables
manufacture
to
us
'
'
stock,
common
Steel
dividend
a
payable March
Corp.
sales
cents;
1942.—'V,
Operating
for
Total
depreciation
of
30
to
27
cents
income
holders
quarterly
of
.
,
'•
s
-
.
ment
(&
Final
,v 10,600,624
capital assets-—i.-———«.
106,988
Interest and exchange paid or accrued
—
58,010
Interest on 3% debentures-^—941,372
(less
1942
1941
for inc. taxes (Fed., State & foreign)—
Prov,'for excess profits taxes (Fed. & foreign)-,
*
to
Balance
earned
Earned surplus, Jan,
i
*
—1.J—
—
dividends paid on common
1,376,862
1,632,962
oi
;
and
;
500,767
141,536
$2,147,48.3
77,023
$1,398,641
70,355
$1,266,638
$1,663,466
$2,224,506
(50,250
,56,250
—1—
returns and
*Lesa discounts,
'■
Bala ncov earned
•
earned
'
•'
•••'.;
•:
,v
/Vv':
3,372
16,175
650,000
364,550
——
414,000
—
*■
^£50,000
50,100
U.
and demand deposits at banks—
Government securities
$938,852
$1,225,674
3,286,911
$4,819,288
$4,512,584
•
130,746
501,403
69,237
125,212
401,122
401,122
S.
receivable
17,733,536
"Notes
and
accounts
Inventories
Accrued
Assets
—_——-
interest
•——•
__—„
identified with U. S. Govt
and
in
Investments
advances to
war
,.
contract
;
i..
and
domestic
-
tSecurity
.
•
investments and mortgages,
accounts receivable
Deposits with mutual
———J.™
..
•*
insurance • compariiesiu—533,289
To
cents, each;
and
330,087
323,980
4,725,410
4,716.317
$367,007
$364,292
payable „—.T--———_—.
Past service annuity premium
I
3,908,871
175,000
■;
.
Accrued liabilities
Liabil.
Reserves
.
j.v-I—6,894,654
identified with .U. S. Govt, war contractfor.
insurance,
Reserve for
Premium1
on
inventory price decline, company
claims or other contingencies—
of
25-year
3%
sinking
1,331.608-
2,605,057
1,494,205
2,623,435
1,694,632.
.
Refunds process,
Total
Pref.
debentures (less expenses)
715,846
Common stock
Cost
;
*Less
reserve
,
—
——
152,257,7.79 138,725,303
for doubtful' notes 'and. Accounts
yof ; $569,390 in
1942
$397,098
95,36.9
$695,673
2,634,988
$494,663
2,425,401
$276,099
2,279,544
were
1
as
declaTred-
*
\
$301,729'
2,050,561
77,440 •
—
$2,920,064
■
158,856
$2,429,730';
$2,555,643
•: 130,242
-
•
$2,634,988
of
tax
•
■
—
$2,279,544
$2,425,401
after
$168,975;
16,383
post-war
refund
of
-
Sheet, Jan, 1, 1944
(at
of
reserve
penses, $3,269,306;
total,;$9,968,728.
:
Liabilities—Accounts payable and accrued expenses,
income tax, $267,810; contingency reserve
$294,036; reserve
under New York /
workmen's compensation law, $100,000; 7% cumulative preferred stock
(par $100), $1,773,800; $8 cumulative dividends preferred stock (36,413
shares, no par), $3,641,900; common stock (100,240 shares, no par), .
$851,200; capital surplus, $313,694; earned surplus (of which $1,096,614
appropriated in retirement of preferred stock), $2,726,288; total, $9,968,728.—V. 159, p. 548.
for Federal
••
.V
■
*
.
•'
••.•'. •'
'■-/•v.'-
■••.
-
'■
' ft
Cutler-Hammer, Inc.—To Pay 35c. Dividend—
directors
The
the
on
no
15
21
declared
stock,
capital
There
will be
no
dividend^of-35 cents per share
payable
Sept.
for the
«
■
March'15,
the following dividends:
25 cents each,
15,
15 to holders of
Wisconsin Privi¬
March
deduction
■.>;
1943 the company paid
and
a
Tax. "
348.
p.
Feb.
value
4.
Dividend
June
on
par
March
During
stock; payable- March 15 to holders of record Feb. 28.
Dis¬
of 50 cents ' each were made on July 15 and Dec. 10, last
133,798
—___
In banks*and on hand, $799,392; U. S. Government
cost),
$710,000;
customers'
accounts receivable (less
$11,466), $97,881; sundry trade accounts, claims and ad- ;
vances, $13,915;
flour, ingredients, supplies and products, $655,049;
sundry real estate and investments (at cost), $305,364; statutory de¬
posits with State authorities, $135,397; property, plant and equipment
(at cost)
(less reserve for depreciation of $2,466,973), $3,791,108; (de¬
ferred charges, $191,316; goodwill, trade-marks, and organization ex-^
securities
record
cents per share on the
210,366
Dr84,146
Assets—Cash
.
to
dividend of 25
...
618,225
Dr324,267
,
profits
excess
''••
holders of record March 15.
Dis¬
follows:, April 1, July 1 and Oct. 1,
,310,415
.
Balance
common ;
$1.25.—V, 158, p. 1634.
a
■
.$2,726,288
surplus
'^Includes
has been declared on the
-
Subs.)—Earnings—
of' retined
sugar
and Dec. 15,
50 cents.—V.
159,
-.ft
.
:
produced- $21,959,998
—
,Totar,inoome
.
.
Net profit; for year_F-i__-____
Dividends
on
7-ft
on
Dividends
on; common
M
.5
preferred stock„_
$2,066,854
510,568
28.054
1
stock.^
Philiips,
President,
the
at
annual
meeting
of
stockholders
on
Feb. 23, said that sales in January were 28 ft above a year
and that the current month is expected to be the biggest Febru¬
in
history.
closed the year ended Nov. 30 with the biggest '
on record, and is not making any headway on them,
despite full-scale production, Mr. Phillips said, placing bookings at;
more than $3,000,000 at the present time.
Edwin
P.
Kelly, Vice-President of the Peaslee-Gaulbert Paint &
Varnish Co., of Louisville, Ky., has been elected a director, succeeding
Eric Peniston, who is in the armed services.—V. 159, p. 734.
ary
company
company
backlog of orders
Dewey & Almy Chemical Co.—25-Cent Dividend—
691,926
$864,360
preferred/stock—
Dividends
E. -S.
ago,
The
20,316,840
423,696
-_-__L._i_,:___-_r-______r.„^__
v—......
Provision "for depreciation- $405^744; provision for doubtful
accounts,' $98,612;'• interest, $13,575; net loss on trans\
■ actions *
pertaining'-to\rawv sugar and molasses of prior
Vyears- $6,7.35;' expenses' of reorganization of subsidiary
companies, etc., $167,,260
Provisicn for United-States and Cuban taxes on income—
•
tDevoe & Raynolds Co., Inc.- -January Sales Up 28%New Director Elected—
held
3948
sold ahd expenses of producing and
selling,-raw..sugfir aiid molasses—-:
Other * income* ]
.
---w—
">592,077
$397;i92
121,093
.
$3,330,661
$16,898.
on
Refined sugar-sales.and raw sugar and molasses
57,079,420
Y Total.
32,306
$824,439
329,776
■
^
Earned
[ Consolidated Income Account, Year Ended Sept. 30,
42,649,569
($20 par)—u—57,079,420
—i-V—--1—ill--!:- 44,126,151
30,185
$1,287,750
Reduct. in Fed. inc. tax
I CubansAmericari ;Sugar Co. {&
648,926
Surplus
1
$5.23
year.—V/159, pv 108;:. .-•[,
21,000,000
"
40,956
tributions
fund
25-year 3Vr. sinking fund debentures—35,000,000
$783,483
53,168
7%
on
__
::
April
taxes-
200,561
-
past service annuity premiums—-,
sale
175,000
7,293,165
258,575
201,312
«
4,891,893
•
$1,234,582
profit for year—
Previous earned surplus
prior years.
,946,084
4,229,549
.
4,498,345
'
$5.45
for
■:Gross.;profite-^,i--_i_l:x.w-.;*.i__i.———-'$1,643,158Accounts
$5,610,901
-
.
Net
Crosley Corp.—-To'Pay 25-Cent Dividend—
common..
Years Ended—
$5,634,422
211,918
200,648
,
'
Liabilities—
53 Wks. End.
307,979
$4.06
tax
payable
,and Dec. ,20i
The diTCctdrs have
152,257,779 138,725,303
'Total
Inc.—Earnings—
$6,227,917
244,562
lege.
*
2,754,402
-
income
cents per share
payable
during .1943
equipment, etc.
deferred charges,
•
$6,279,404
200,648
200,648
$3.46-
par,
tributions
• 410,279
62,076,814-
prepaid expenses and deferred assets—. 870,312
no
25
funds
$556;
building,
$295,956;
273,241
Pay 25-Cent Dividend—
dividend of
stock,
■
H
JProperty, plant and equipment—62,810,714
v
banks
(tenants),
land,
$113,441),
273,236
Consolidated Balance Sheet, Dec. 31, 1943
,K.•
Assets-r-nCash * in
A
1,960,288
2,449,096
•;
' : •
2,017,704
$15,495;
of
15)43
30,
repairs
&
$3,286,911
(trade), $313,379; accrued wages, sal¬
accrued interest on debentures, $4,500;
general taxes, $222,354; lO^year 3%
sinking fund-debfehtufeA^current), $200,000; 10-year 3% sinking fund,
debentures due May 15, 1949 (net), $1,000,000; reserves for operating
and compensation
insurance, $410,948; reserve for future inventory
price decline, $500,000; reserve for general contingencies, $150,000; -1%
preferred stock ($100 par), $987,800: common stock (200,648 no par
shares), $5,279,300; initial and capital surplus,;; $1,720,454; earned
surplus, $4;585,204; "common
treasury
stock (87 shares), £r$3,057;
total, $16,140,740■
"
sub¬
notes &
expenses
$3,880,436
aries and. commissions; $269,858;
accrued State; local and other
1,331,608
sidiary companies not consolidated—;
tSecurity 'investments
'
3,527,369
Sept.
receivable
Jan. 1, '44
Jan. 2, '43 Dec. 27, *41 Dec. 28, '40
$13,920,244 $13(783,395'$12,098,306 $11,511,589
J.
7,640,840
7,555,478 - 6,463,884
5,900,689
(net)*
$4,292,953
$4,585,204
additional
for
Liabiliiie8—Accounts
•
9,218,434
5,563,083
13,450,946
,,
•
cum. ; divs.
disposal of nonoperating property
hand, $877,774; U. S. Government
securities, $1,355,726; accounts receivable (less reserve for doubtful
accounts and discounts of $187,566), $901,692; inventories, $7,474,292;
funds on deposit with paying agent for redemption of preferred stock
(called Jan.
1,
1944 at $110 per share), $1,086,580; miscellaneous
investments, $41(412; land, $422,576; buildings, machinery and equip¬
ment (less Reserve for depreciation of $8,709,357), $15,780,536; patents,
$1; deferred charges, $44,700; total, $16,140,740.
•
;;
v
.
258,575
surp.
stock--
common
tProvision
37,243,629 1 38,549,982
94,39614,306
.
earned
3,750
$10,355;
taxes—State,
Profit
$3,749,055
131,302
300,841
130,000
stock
common
3,400
$4,544
'
2,970,317
preferred stock
on
14,007
13,540
$778,738
3,880,436
$762,610.
4,292,953
.
Earnings' per-shares
1942
8,994,672
18,169,592
accounts,
reserve
Net operating profitInt., disc. & SUhd. rets,
200,000
—
surp..
surplus
26,44Ay
:.
v
$5,055,563:
on
Shares
25
hand
on
$40,342 -r
14,079
12,15a
Depreciation
Selling, gen'l, etc., exp.,
incl, assoc. co. chgs.
569
'
.
"
3,307
*
Total
Balance
ftr-FAssets—;'■%
Cash
Sheet,
accounts
$316,940.
Maintenance
675,000
• -(
inventory. ;
Note—Depreciation
provided, above on operating properties and
equipment amounted to $3,849,195 In 1942 and $3,894,941 in 1943.
1943
$4,069;
trust
accrued
2,615
.
42,875
inc. tax:.
prof. tax.
■
allowances. '
.v
$35,491
—
—
-
;
$66,78(1
income" taxes
.
--V.-
'
1942
$67,442
31,951
;
..
Gross oper. profit
dis¬
exc.
Divs.
22,347,383
1
$1.77
Comparative Consolidated Balance Sheet, Dec. 31
in
total,
Sales
Cost
'
2,336
Miscellaneous ;debt^
3,567,441
24,663,393
$1.81
——
profit.
Cushman's Sons,
,
46,307
40,028
j
for
'
25,914,825V
2,853,953
not.
$1,468,996
;
30
1943
payable; $2,515; payroll deductions and taxes,
county, city and Federal,
$655; incomes
taxes—estimated, $3,400; 3ft registered inconwi bonds, $248,825; cap¬
ital stock, $4,117; paid-in surplus, $34,134; earned surplus, $23,010;
total, $316,940.
484,044
$1,615,133
48,332
debti
expense
or
for Fed.
D'ivs.
5,052,955
20,361,869,
27,517,346
Sept.
expenses—,
State
Prov. for Fed. inc. taxes
800,000
„
.
Liabilities—Accounts
$284;
1,467,934
476,089
'
.
sales
Previous
;
5,169,963
22,347,383
stock-———^
surplus, Dec. 31
Earnings per common share—
u,
—
.————
Earned
[
•
.
—,
—
surplus
1—
1
'Total '1
Cash
other
price-decline or
and
depreciation
$863;
1940
15,075,771
$1,125,101
—_
mantlement .of props. :
3,500,000
2,500,000
3,424,291
900,000
Prov.
Approp. for inventory
.contingencies
•
Ended
-
Federal
deposit
on
476,343
Co.,
on
Prov.
12,758,288
178,580
124,967
601,786
Total income <—i——u——
Fiscal Years
for
Balance
Subs.)—Earnings-
•
Loss
375,936
Net loss on sales of
administration
and
Estimated
of
21,372,439
funded debt—)
on
-discount
-
,
■
were
expenses
'
ProvJsidn;for;-real- estates; v;
held;; for^ sa]e2U_£-ii_^.50,000
Loss of Superior Allot*
'
188,751,
366,157
*;--^—240,186
Other income and interest
rents
•Year End.
Int.
Amortization
309,750
12,193,601
stock-.
record
distributions
1,184,850
income
Total
17,839,093
5.335,742
—
and
officers,
Depreciation;
share
per
19,397,798
__
Other income'——'—.
,:
9,994,281
operating income
.Dividends and interest received or accrued on'
securities and investments
—v
bondholders
the results of the past fiscal year.
Profit; from- operations—apartment building..
Loss
Net
to
156,1
•
105,065
letter
a
about
came
the
fact that
Operating Results
19,477,784
of, sales^——
v
Prov.
■
16,002,793
5,903,448
in
substance:
Years Ended Sept, 30—
Income from rent and service
$22,264,078 $22,865,882 $25,653,651 $18,426,390
—
.
Prov. for
1942
$5,
par
Adm., sell.gen. exps.
«.>
sales and.operating revenues——125,613,665 123,119,130'
of goods sold; and operating expenses
109,610,871 105,280,037
Gross operating profit
Selling, advertising, general and admin. cxps.__
provision for doubtful notes and account-^-,-,-,,/
record
25
(Del.)—Increases Quarterly Payt.
declared
1943
Net
■Cost
V^Gross
Cost
on
of
15,
-
16
price- decline,' etc._„i:
.•
share
per
holders
March
Consolidated Income Accounts for Calendar Years
'
$
cents
to
t
Approp.
1943
In
decline is shown in
Assets-—Cash.
Calendar Years
;CV!:?;
13
follows:
and $3 per share on'Aug. 31;
Feb.
on
Continental
the
.
Account for
of' 20
March
as
Previously, the company made
25 cents per share.—V. 158„ pp. 1935, 1130.
ments.
Income
were
March * 6.
During 1943 the company sold $14,000,000 3% sinking fund deben¬
tures to provide funds for financing current and post-war develop¬
A proposed employees' stock purchase plan will be considered by
stockholders at the annual meeting on March 28, 1944,
said
National Bank & Trust Co. on Oct. 7, 194.3, received tenders of
$13,050 bonds, reducing the bonded indebtedness of the Cumberland ■'
Apartments to $235,775 as of this date.
The debt outstanding1 011
Oct. 1, ,1940, when Mr. Sedley took over management of the
property,
amounted
to $308,775,
so
the total Indebtedness has been reduced
since
that date, $73,000.
The sinking fund will operate again Oct. 7, 1944.
share has been declared on the capital stock,
29 to holders of record Feb. 25.
This compares with $4
directors
the
on
.
Consolidated
$3,363,242
13 and Dec. 14, 20 cents each.—V. 158, p. 2189.
Continental Oil Co.
The
cork require¬
own
our
$4,393,091
the
Fixed
1944, the company purchased substantially all
Manufacturing Corp., Inc., of Wilmington, Del.,
time
same
dividend
a
payable
1943
.
ments."
,
2.
•
^
of the
stock of Bona
which
manufactures crown caps and cork products.
This acquisition gives
the company the second largest position in the crown industry
and
"In
$492,423
President,
15,
entirely due to increased operating expenses
management and directors have no control,
frozen.
We were unable in applying to
the rent control to even get the rents for
comparable apartments
adjusted on an equitable basis to the tenants.
The current position of the company continues excellent.
The Lib¬
which
and
Fibre. Co.—20-Cent Dividend-—
directors have*, declared
common
payable Feb.
July,
stockholders.
Feb.
decline
over
718,061
paid:;on. Aug.i31; 1943,
p; 602,
^
1943, the company acquired -a substantial interest in
Marco Chemicals, Inc., in this way entering .the field of synthetic
\ resin$,
now being used •; in fabricating^ military aircraft parts,, and!
(Which we believe have important peace-time possibilities," Jhe told
"In
This
.
Graham,
on
,
"Notwithstanding war-time restrictions, total net sales and operating
for 1943 were $125,613,665, as compared with $123,119,130 in
1942," Carle C. Conway, Chairman of the1 Board and President, stated
in his report to stockholders.
"This increase was due to sales of war
products and of fiber and paper cans, which more than offset the
decline in normal business.
Approximately $25,000,000, or 20ft
of
,1943 sales, was represented by war ^products.
The considerably larger;
volume in liber and paper containers resulted largely from the expand¬
ing operations of fhe Container Co., which was acquired as a sub¬
sidiary in December, 1942, as reported last year to the stockholders,
"Renegotiation under the War Profits Control Act has been com¬
pleted for the year ended Dec. 31, 1942 (Sept. 30, 194.2, in the case of
rThe Container Co.), resulting in clearance without refund. to the
Government.
Review of 1943 operations has not yet begun, but the
management believes that no adjustment substantially ■ affecting the
financial statements will be required,"
i •
Mr. Conway noted two acquisitions to expand the company's peace¬
time manufacturing. activities in fields other than the manufacture of
•
3,424,818
assets
deferred
Co., Louisville, KyAnnual
.
A substantial
$7,506,120
3,424,817
A'dividend of $2 per
•
:
'■v
holders
Contiiiiental Mills (Mass.)—To Pay $2 Dividend—
revenues
'v
Thomas
.
and -June 15, Sept.
.
ended Dec. 31, 1943, company and wholly-owned sub¬
reported consolidated net earnings of $5,169,962 after pro¬
vision'for income and excess-profits-taxes compared with 1942 earnings
^containers*
285,389
$456,008
548.
p.
the year
s
285,389
capital
erty
March
'
$7,818,810
Continental-Diamond
sidiaries
i
Cumberland Apartment
Report—
stock
r
159,
The
of $5 052 955
$777,812
stock—
pfd.
Balance
—V.
the
\
of
$741,397
$398,129:
payable (non-interest-bearing, secured by refined
warehouse), $430,113; accounts payable, $945,168; salaries and
accrued, $122,311; interest due and accrued, $3,618; reserve for
United States and Cuban taxes on income); $510,000;
censos; $168,488; ;
reserves
for compensation
(legal) and special insurance ond con¬
tingencies, including .taxes, $1,353,905; net excess of par value over
cost of the company's shares sfbquired since
recapitalization, $489,798; 7% cumulative preferred stcck (par $100), $389,700; 5Ys% convertible
preferred stock (par $100), $5,316,300; common stock (par $10), $9,-815,000; earned surplus, $14,741,655; total, $34,286,055.—V. 158, p. 1529.
$1,166,679 $12,529,272 $12,215,977
388,867
4,710,463 I 4,709,857
398,177
-
guaranty,
as
Liabilities—Notes
7,480,574
expense, 1 etc;:.a———:
Continental Can Co., Inc.—Annual Report—
•
$1,139,574
Government
wages
3,104,796
7,501,974
[10,011,686
Cuban
sugar in
3,083,572
-j 3,170,237
—
pfd.
on
Amortiz.
159, p. 636.
For
6,831,601
f 3,229,302
deductions
.Net income
>.
194,537,208
——
567,290
1,508,078
with
'
11,936,468
.l
—
571,415
cane and working agents, $3,489,063;
and miscellaneous Investments, $251,641; funds for5
and special insurance, including, securities deposited for1
bonds
(less reserve for depreciation of
$3,282,421), $17,512,105;
charges to operations, $158,948; total, $34,286,055.
1944—12 Mos.—1943
prdfits taxi-
Int. & other
former
$5,037,791 $57,961,347 $52,688,019
1,795,745
22,189,248
19,301,126
1,703,251
taxes_..
'Gross' income—,
688,828
—r—12,107,483
Surplus
,
income
Fed; excess
25,678,375
292,442
2,896,134
30,429,361
2,537,284
—
expenses—
for depreciation—
taxes—
•.
Prov.
Federal
4,790,259
198,029398,700
869,760
.
1944—-Month—1943
$5,385,000
1,970,761
General
174,245
.
colonos, planted and growing
mortgage
Co.—Earnings-
.-
revenue—-
Operating
68,599,713
157,037
74,396,500
1,883,103
1,377,616
68,599,713
,
Gross
'
<
Premium, on .capital stock-*—.'
Long-term debt
,
197,028,465 194,537,208
J
raw and refined sugar and molasses (less non-interest-bearing
advance of $3,216,887), $5,371,387; mortgage bond
receivable,
30, 1944, $50,000; merchandise in stores, $290,927; advances
compensation
ing—Shields & Co. on Feb. 11 effected a secondary dis¬
tribution of 8,900 shares of preferred stock (no par)
at $21% per share, with a concession to dealers of 85
cents a share. The offering was oversubscribed—V. 159,
p. 444.
'
"
.
222,406
31,743
7,279,847
and
due June
Consolidated Vultee Aircraft Corp.—Secondary Offer¬
5,444,933
25,023
assets——
loan
*
4,974,065
380,588
6,196,754
Prepayments
Other
1942
m
10^,932;
and
$446,857 in
1943.
-fLess reserve of $3,437,581 in 1942 and
$3,764,973 in 1943.
% Less reserve for depreciation of $30,062,847 in
1942 and $32,816,223 in 1943.-W. 159, p. 212.
,
1943
'•
-
Temporary cash
Accounts, rents and notes receivable—
Interest
81
Dec.
'
171v902,60lv 169,069,487.
3,918,058
4,322,857
1,549,274
1,549,273
investments-;.—v—0 3,270,000 .
1,100,600
- plant
and
Special
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4259
-
V.
..
The
the
directors
common
record
Feb.
have
stock,
29.
A
declared
par
similar
no
a
dividend of
value,
payable
distribution
during 1943, and, in addition, on Dec.
2ft
stock dividend.—V. 158, p. 2467.
24,
25
cents
March
was
made
15
in
per
to
share
ont
holders
each
1943, the company
of
paid
a
314.657
392,600
Consolidated: Balance Sheet, Sept. 30, 1943
Assftts-^-Cash -in banks and on hand, $1,746,517; U, S. Government
securities; $909,405;, accounts -and hills receivable (less reserve), $4,-
Diana Stores Corp.—Transfer Agent—;
The
Marine
Midland
Trust
Co.
of
transfer agent for 10,000 shares of 6ft
;
quarter
York >ha"s Jjefeh 'appointed
cumulative preferred stock and
New
196,714 shares of common stock of Diana Stores Corp.—V. 159, p. 636.
.
'
V
companies of "last-in-first-out" method of determining
inventories, and expressed in United States currency.—V. 159, p.
of
7
-
Calendar Years—
1943
■
1941
1942
■
$74,317,410 $71,301,692
2,064,243 v 1,847,961
423,381
408,273
17,389
17,126
$63,406,925
2,064,502
407,748
14,646
—i:— $88,664,458 $76,822,423 $73,575,052
exps. (incl. rents &
vt7''.7r; .'-r'r"-.-V.v/'.'-rsell. & adm. exp.)
35,864,870 28,274,693 27,601,251
$65,893,821
department- $85,809,849
Electric
department
Gas
2,365,213
469,635
19,761
heating dept.-
Steam
l~:'
i.——
Miscellaneous
Total
Oner
gen
recoveries
9,000,000
8,750,000
5,191
74,688
102,471
133,486
1,125,000
2,429
480,000
-2,390
——
.
adj.
franchises..
Amort, of electric plant
acquisit'n adqustment
of
Amort,
,
*
2,333
7,979,326
7,868,054
J Prov. for income taxes
14,500,000
11,550,000
5,255,000
operations. $13,525,812
Inc. from mdse.; & Job.
Drl5,356
from
Inc.
150
76,452
19,525
5,814
Dr 19,833
Dividends
mktable. securs.
on
interest
Prof, on sale of sccurs.'
Other
other income..
Miscell.
Gross
income.. $13,592,566
corp.
,
Net
-
Earnings
49,775
stock
capital
2,950,000
p.
Railway—Earnings-
Street
operating
operating
-
Railway
$1,125,977
722,085
246,261
7_
expenses.
Taxes
___.
...
$1,235,484
700,614
$157,631
revenues————^
Sheet, Dec.
Balance
Operating income
$218,572
Other
hand and on deposit in
9,437,797
4,200,000
3,000,000
9,659.236
banks....
C
E, %%
tax savings notes, series
certificates of indebtedness, ser.
trade
Accounts receivable,
i'
—_
:
500,053
8,312,276
Other accounts receivable
Inventories
„*«,
—
_
,
7,196,233
1,000,000
—•— .
9,057,861
761.428
9,733,743
424,529
282,695
30,427
3,701
Casualty arid contingency investment fund
2,866,282
Long-term contracts receivable........239,741
2.814,897
243,174
4,255
2,60Q
Prepayments
__
Loans to employees ........
,
Bonds and other investments, at cost
.
.
Other miscellaneous assets
.
.
52,614
18.418
against
banks and trust companies
closed or under restrict, (est. realizable value)
54,189
employees
106,320
Claims
Capital stock reacquired for sale to
1,605,000
refund
J Post-war reserves
390,470,385 380,201,171
Total
3,924
_
debt, rents,
funded
on
etc
....
for
Provision
•Net
income before provision
....
127,226,000 127,226,000
763,517
134,000,000
capital stock
•,
763,517
gen. & refund, mtge. bonds 134,000,000
Construction notes
500,000
3,260,000
2,078,311
1,436,812
on
Ediscn Co.
___
Accounts
payable
Interest
funded
Power Co,
Lakes
Construction
1,908,390
instalment due within
note
399,269
88,057
420,605
104,829
______
_
mortgage bonds.
14,557,203
1.151,852
139,020
320,000
1,050,000
1,908,390
79,218
1,117,218
% ;7: 143,260
debt
accruals
Miscellaneous
Great
unfunded
and
16,406,^78
taxes accrued
income
Federal
on
.....
....
general taxes, and provision for
Property and
estimated
______
...
l
1,260,000
year
Dividend declared payable in January
Customers'
deposits
—_
Dep. by employees for U. S. war savings bonds
Deposits by employees for the purchase of capi¬
tal stock reacquired by the company
Miscellaneous items
Retirement reserve
Other
reserves
Customers'
Earned
47,496
_u.__.__.__68,366,105
5,773,786
60,037
*
—
deposits for
line extensions...
surplus
30,332,560
__
Total
64,577
60,142,479
4,252,151
55,048
29,269,470
^Includes cash of $505,000 and $1,100,000
cost.—V, 159, p. 734.
$20 per share.
Gov't,
securities at
Walter S. McLucas,
Detroit, has been elected
director —V.
a
158, p.
Light
&
on
$9,418,104
operating reveiuies_-______7__.._.___.
Operating expenses
_______
railway
operating
_____
"
income
Non-operating income
7, Total
-
income
Interest
Other
Net
Dividend
$2 158 996
34,452
funded
on
$2,498,547
-
$2,193,448
"515,450
I_L
debt
deductions
income
$8,368,864
6,209,868
52,099
52,279
$1,940,433
1,226,660
______
appropriations on income.
.
balance
$713,773
Balance
$583,058
1943
_—
1942
Current
assets '.
Deferred
assets
in
Investment
road
$3,108,182
366,143
and
equipment,
etc..
$55,646,324 $54,321,426
_____________
Liabilities—
ry.
oper.
159,
p.
liabilities
Deferred
liabilities
Accrued
Other
Government
1122
3,994',887
3,600',801
credits.—175,639
J
•
14,745,482
grants
1,442
128 621
15,261,000
1,442
24,533,600
8,413,972
7,897,419
_______
surplus
___
$55,646,324 $54,321,426
—
"Includes
p.
accrued
taxes—1943,
$1,671,521;
$1,305,521.—V.
1942,
159
549.
Fall River Gas
Operating
oper.
Corporation-Seagrams,
Period Ended Jan. 31—
after
Profit
Income
fits
all
charges
fng
Prov.
(net)
,;
.
1- '
_____
8,509
24,182
$28,709
183
$23,912
. •
1,244
$25,157
6,333
6,333
•
331
509
.
$210,684
■' 76,000
v 3.126
.
-
and
taxes
excess
1
.
1944—3
Mos.—1943
$7,209,214 $10,194,462
______
v-
$22,228 '
ments
each,
1944—6 Mos.—1943
4,029,674
6,486,465
10,349,100
15,984,105
The
Note
profit
r
1,000,000
1,000,000
$6,210,895
$8,093,362
_
Above
$3,179,540
earnings
are
after
$3,707,997
giving
effect
to
the
use
during
the
$18,314
cn
March
20,
amended
the
face
32,489
$138,208
105,889
'/
Warehouse Co.—25-Cent, Div.— ;
has been declared on the common^
•"
•
•
,V
v.';."'
;
\
Co.—New Director—
Building, Detroit,
Trust
Helmore
trustee,
Co.,
and Florence M.
.
Interest payable Feb. 1 and
1.
against sinking fund requirements.
at option of the corporation
whole or in part at
and accrued interest:
1, 1946, but prior to
Feb.
1, 1948, 104% ; on or after Feb. 1,'1948, but prior to Feb. 1,
1950, 103%; on or after Feb. 1, 1950, but prior to Feb. 1. 1952, 102%;
on
or
after Feb. 1, 1952, but prior to Feb. 1, 1954, lOlV'aVe; on or
after Feb. 1, 1954, but prior-to Feb. 1, 1956, 101%; on or after Feb. 1,
1956, but prior to Feb. 1, 1957, 100V2%; on or after Feb. 1, 1957, but.
prior to Feb. 1, 1958, 100%-%-and on or after Feb. 1, 1958, l00Vt%. -i
Also redeemable through operation of the sinking fund in amounts of
not. less than $10,000 on 30 days' notice; o» Feb. 1, 1945, and on any
date
thereafter, at following prices and accrued interest: prior to
Feb. 1, 1946, 102%;.'on or after Feb. 1, 1946> but prior to Feb. 1, 1947,.
101%%T on or after Feb. 1, 1947, but prior to Feb. 1, 1948, 101%%;.
on or after Feb.
1, 1948; but prior 1,0. Feb;'1, 1949, 101%%; on or
after Feb. 1, 1949, but prior tb Feb.
1, 1950, 101V2%.;i on or after.
Feb. 1, 1950, but prior to Feb. 1, 1951,:.aoi3/8%; on or after Feb. 1, ;
•1951, but prior to Feb. 1, 1952, 101V4%; on or after Feb. 1:,. 1952, but.
prior to F£b. 1, 1953, 101%%; on or after Feb. 1, 1953, but prior to:
Feb. T,. 1954, 101% ; on or after Feb. .1, 1954, but prior to Feb. 1,1955, 100%%; on: or after Feb. 1, 1955, but prior to Feb. 1, 1956,
100%%; on or after Feb. 1, 1956, but prior to Feb. 1, 1957, lOOV^';
on or alter Feb;
1, 1957, but prior- to Feb. 1, 1958, 100% % ; and on or
Pay-/,.;
cents
_
after Feb.
v
„
Offered—An un¬
Stores, Inc.—Debentures
as
a
time on 30 days' notice, at following prices
prior to Feb. 1, 1946, 105%; on or after Feb.
1, 1958, 100y4%.
-
-
7
to be applied as follows:
$1,800,000.of notes .payable to.Penn-
Purpose—Net proceeds are
r
(a) To payt. of outstg.
.
7
:
.
sylvania
Co..for
Insurances; on
Annuities
increase
,
Lives and Granting
—
(b) To payt. of all other
•.(c) ..To
Mich.—Bonds Called—
Detroit, Mich., ..announced that
Helmore have elected to redeem
1, 1944, all of the outstanding Fenwick Building bonds dated
1929, secured by trust mortgage dated July 20, 1929, as
by supplemental indenture dated Dec,' 1, 1937, at par plus
amount of the--single coupon representing deferred interest••
J.
2,999
3,002
7.
any
$216,147
*
,72,000 '
5,939 ,
' $131,558
V
'
159, p.
$1,000, registerable
Dec. 15, 1944, and
including June 15,
1958, sufficient in the aggregate to redeem $2,625,000 of debentures.
Sinking fund payments may be made in cash or debentures and deben-"
tures redeemed otherwise than through the sinking fund may be cred¬
of 25 cents-per-share
Detroit
$42,200
36,021
Coupon debentures in denomination of
principal only.
Sinking fund payments on
each June 15 and Dec.
15 thereafter to and
on
43,834
15,944
Vice-President and General Manager of the
Huron Portland Cement Co., has been elected a director to fill the
vacancy caused by the death of Frank H. Whelden.—V. 158, p.. 575.
-r
William
decline.'
*$60,712
to
as
Townsend,
Fenwick
$10,492
'$203,506
1,' 1944; due Feb. 1, 1959.
.Dated Feb.
Aug.
'226,319
payable March 1 to holders of record Feb. .17,
last year were as follows:-. March 1, June 1 and Sept. 1, 50,
and Dec. 1, 25 cents.—V. 158, p.-2045.v.;.;.;
"J
H.
27,590
158,717
and Stroud & Co., Inc.
$172,312
$25,
par
1
pro¬
..
-
446.::,;:;
dividend
July
Net
.
105,889;
Federal^Compress &
A
$17,559,995 $25,077,467
for possible, future
invent., price
:
96,639
188,189
declared
159, p...
Paul
Ltd.—Earnings—
operat...
■
.
.
accruals
Net income
—V.
105,180
261,671
8,167
12,704,
84,622
accrued interest. Asso¬
Co., are First Boston
Corp.; Smith, Barney & Co.; Hemphill, Noyes & Co.; A.
G. Becker & Co., Inc.; Central Republic Co. (Inc.);
Kebbon, McCormick & Co.; McDonald-Coolidge & Co.;
Piper, Jaffray & Hopwood; E. H: Rollins & Sons, Inc.
$1,107,352
633,288
'V 75,430
$194,739
■
Dividends
22,762
$228,509
Redeemable
$28,893
revenues___
charges
33,665
$306,139
debentures, due 1959, at 102 and
ciated with Eastman, Dillon &
ited
$1,192,010
712,441
.
reserve
931
(way and
equip.)
Food Fair
1944—12 Mos.—1943
$121,762
65,336
5,990
26,522
$126,433
——
income
Balance
Retire,
$205,747
derwriting syndicate headed by Eastman, Dillon & Co.,
on Feb. 24 offered $3,500,000 15-year 3Ms% sinking fund
$2,375,617
1,051,103
603.206
$2,680,484
961,587
:
509,543
&
•Deficit.—V.
New York—To Change In¬
65,031
Non-oper.
7,476
$272,474
$31,363
121,861
income
Net
Struct.
1941-
1942
1943
$2,727,314
702,560
129,755
1944—Month—1943
•_
Net
32.456
11,962
from
_______
charges
Depreciation
Works Co.—Earnings—
revenues
Taxes
_______
deducts,
fixed
474,375
37,203
1,257
income
income
Total
collateral trust, bonds dated
Federal Motor Truck
Distillers
Corp.—15-Cent Dividend
$720,054
549,248
$2,977
income
Total
$870,887
$30,431
$1,719
income
oper.
ry.
Other
Holders of not less
stock,
Total
Net
.
Equity Corp.—Stock Sold—Arthur Wiesenberger &
Co. announced that they have placed privately 20,000
shares of common stock.—V. 159, p. 549.
.
Corporate
rents
Net
1943—12 Mos.—1942
1943—Month—1942
$75,578
$73,133
68,105
38,661
4,806
3,320
948
721
revenues
oper.
ry.
Ry. operating expenses
Railway tax accruals...
Jan. 1/ 1935, are asked to
amendments .to the indenture of trust covering this
than 75% in aggregate principal amount of
the outstanding bonds are necessary for adoption.
The Manufacturers
Trust Co., 55 Broad St., New York, N. Y., is trustee.—V. 158, p. 2360.
247 746
stock
Capital
Total
companies
$2,650,798
24,533600
debt
Funded
$3,781,621
________—______
depreciation
unadjusted
inputs of any
8.3
certain
approve
issue.
$714,883
350.
Fonda, Johnstown & Gloversville RR —Earnings—
284,261
income445.
of
p.
Period End. Dec. 31—
1944
$2,819,597
railway—707,085
from
Net
—V.
'
10.8
railway
from
Gross
1,153,008
$1,132,778
applicable to preferred stocks
159,
4,293,801
$1,867,891
1,153,008
14.1
Elgin & Joliet Eastern Ry. —Earnings—
Interest
•Current
$2,285,786
10,265
January—
36,360
463,447
50,713,437
$67,300
$6,122,014
:
Feb. 22
on
Maintenance
50,349,954
;
debits
Unadjusted
Total
$4,903,230
26,998
T
$66,045
income
SDebit.—V.
declared a dividend of 15 cents per share
on
the common stock, par $5, payable April. 1 to holders of,, record
March 21.
A similar distribution was made on this issue on Jan. 3.
last.
Payments in 1943. were as follows: April 1 and July 1, 25 cents
each, and Oct. l, 15 cents.—V. 158, p. 2044.
directors
The
Operation
Sheet, Dec. 31
Assets—.
4,275,883
Pet.
159, p. 214.
Period End. Jan. 31—
Income
355,260
Miscell;
$1,625,719
1,042,661
__
355,144
14,409
12,013
Electric Household Utilities
Holders
506,014
•
charges
6,959,370
$2,458,734
39,813
Gross
16,091
$6,561,674
1943
Empire Properties Corp.,
1942
§24,241
$422,560
Balance
denture-
1943
;
§330
(net)_-_
174.103
83,780
95,138
105,403
Co.
3.—V.
Dec.
2,100,000
$6,113,325
8,689
$421,189
Dividends
of 25 Cents—
A dividend of 25 cents per share has been declared on the capital
stock, payable March 10 to holders of record Feb. 28.
Payments last
year were as follows:
June 9 and Dec. 3, 50 cents each; and a special
cents
2,100,000
$6,545,583
charges
Interest
Net
175,000
$446,801
income
Gross
Electric Boat Co.—Distribution
of 25
$421,519
income
Other
both periods.-—V< 159, p. 735.
not appearing in
revenues-
oper.
1944
95,793
do not include the System
The above figures
14,370
175,000
188,512
Operating Subs, of—
V
Power & Light Co.
Power & Light Corp.
Power
approp._
res.
1943—12 Mos—1942
$1,507,001 $19,888,070 $17,669,325
590,851
7,481,778
6,532,755
252.257
2,802,738
1,983,611
42,092
957,971
939,634
Amount
Electric
National
460,118
taxes
taxes
ret.
Net
1241.
Detroit, Toledo & Ironton RR.—Income Statement—
Calendar Years—
Net
Other
—Thousands of Kilowatt-Hours——
American
Net
Steel Products Co.—New Director—
Chairman of the board of the National Bank of
Detroit
769,850
inputs of client operat- ing companies
of Ebasco Services, Inc., which are subsidiaries of
American
Power &
Light Co., Electric Power & Light Corp., and
National Power & Light Co., as compared with the corresponding week
390,470,385 380,201,171
________
value
"Par
U. S.
___
—Increase—
"■Capital stock
Detroit
___
expenses
Prop.
Earnings—
1943—Month—1942
revenues
Input—
Liabilities—
•
Operating
ended Feb. 17, 1944, the System
during 1943 Were as follows:
159, p. 735.
$1,840,857
Federal
For the week
the
Operating
Inc. (Mass.)—$2.50 Div.—
A dividend of $2.50 per share was recently declared on the capital
stock, payable Feb. 23 to holders of record Feb. 21.
A payment of
$5 per share was made on July 30, last year.—V; 156, p. 513.
Services Inc.—Weekly
won
1, 1974, up for
Florida Power & Light Co.
Eastern Racing Association,
Ebasco
Co.
Period End. Dec. 31—
$74,243
losses for 1943.—V. 159,
for retirement
&
for
for 3M2S.—V.
$66,778
income
including that of Florida
principal amount of
aggregate
3%s.
Other bids received:
78,810
40,000
readjustments.
post-war
•Net
an
award of the $16,500,000 first
competitive sale, on a bid of
'
First Boston Corp., E. H. Rollins & Sons and
associates, 103.33 for 3%s; Halsey, Stuart & Co., Inc., and associates,
103,2599 for 3%s; Mellon Securities Corp. and associates, 105.10398
Peabody
Kidder,
103,7799
4,241
Depreciation
company,
of
assumed,
Co.,
mortgage bonds, due Jan.
$222,813
29,760
67,119
income
,
Premium
-
316,298
$161,555
27,658
income
Gross
1942
the
of
debt
$20,070,400.
31
350,328,923 348,735,166
U. S. Treasury
_
Service
Public
and of $4,000,000 3lA% serial deben¬
be applied to redemption of all the
will
privately
funded
outstanding
1943
1944
Month of January—
Railway
sold
be
to
tures
this financing
frcm
Proceeds
$8.43
capital
S.
& Co.,
213.
Massachusetts
White, Weld & Co., Shields
Harris,. Hall & Co. (Inc.), Lee Higginson Corp.,
F. S. Moseley & Co., Equitable Securities Corp., Hallgarten & Co., Laurence M. Marks & Co., L. F. Rothschild &
Co., Alex. Brown & Sons, Stroud & Co. Inc., Auchincloss,
Rarker & Redpath, R. L. Day & Co., Putnam & Co.,
Dean Witter & Co., Bacon, Whipple & Co., Clement A.
Evans & Co., Mitchum, Tully & Co., Johnson, Lane,
Space & Co., Moore, Leonard & Lynch, J. M. Dain & Co.,
Folger, Nolan & Co. and Harold E. Wood & Co.
company
Eastern
purchased the bonds at competitive sale
group
The underwriters include
last
Interest
U.
banking
Feb. 23.
Eastern Air Lines, Inc.—New Route—
See National Airlines, Inc., below.—V. 159, p. 6.
$196
1943
on
Share—
a
tPar. $100.
Consolidated
Cash
$5.59
by Kidder, Peabody & Co. and
issue of $16,500,00 1st mtge. 3% %
bonds due 1974 at 104.8257 and accrued interest. The
associates of a new
reports that the apparent increase in earnings during
quarter of 1943 over the earnings reported for each of the
three previous - quarters, is mainly due to adjustments at the year-end
resulting from a revised estimate of the charges applicable to the
year 1943 for amortization of special war facilities, revised estimate
of probable liability in connection with the renegotiation of war con¬
tracts, arid a reduction in estimated Federal tax liability by reason
of
a
contribution made to the pension trust in December.—V. 159,
fIncludes provision for excess profits tax:
1943, $10,900,000 (after post-war credit of $1,148,000!; 1942, $8,200,000
(after post-war refund of $800,000), and 1941; $1,420,000.
Fixed
a
Corp.—Bonds Offered—Formal offer¬
Florida Power
preliminary- report, earnings for the year 1943 were
common share as compared with $5.07 a share for
a
$5.59
the common
of record March 8. This
16, last year, and $1.25
par
ing was made Feb. 25
•
14.-
to
The
the
$10,732,734
7,619,221
tl,272,260
$1.23
$1.25
1942.
$7,837,720 $12,443,156
7,941.974
*6,361,300 *6,361,300
$1,38
share
per
$20.
*Par
;.
company
1943 Earnings Estimated at
equal
$16,951,612
5,826.783
890,745
407,006
50,321
43,506
Cr54,159
Cr60,417
Crll6,087
$8,791,014
7,631,673
*6,361,300
Dividends
of
66,318
,
to constr'n
income
Shares
Dec.
the
year,
According to
7,620,687
$12,644,602 $18,628,382
4,873,194
5,298,319
Cr54,354
interest
Int. charges
2,280
$12,521,464 $18,408,032 $16,773,448
115,296
185,193
154,928
147
146
,1,213
40,132
36,512
37,316
27,672
26';014
32,683
Dr5,362
1,038
/
970
\^Dr54,747 ? Dr28,555
J9r48,945
& exp.
Amort, of dt. disc.
Other
;
4,789,588
funded debt
on
share
record 7
each
on
—-zzz-'
Last
28.
Executive
Vice-President of
share has been declared on
of 50 cents per
dividend
$25, payable March 15 to holders
compares with $1
per share paid on Feb.
on Dec. 10, 1941.—V, 158, p. 1531.
Dividend of $1.25—
on
nec
124,955
7,934,859
interim
Pay
of the
Co.—Dividend of 50 Cents—
Fifth Avenue Coach
A
the smallest.•
paid interim dividends of $1
March 13, June 14 and Sept. 14, »and a. year-end dividend-of
Feb.
124,955
124,955
124,955
inc.)
than
(oth.
Taxes
To
•
stock,
The directors have declared an interim dividend of $1,25 per
the common stock, par $20, payable March 14 to holders of
Maryland—Promotion—
Mercer,
H.
1944, after
cease
Vice-President and member
Underwriting Committee, has been elected Second
the company.—V. 159, p. 350..
,
t
There were 37 purchases by 25 firms, 500 was
on
accrued interest to March 1,
to bear interest. ' ■
-i;
plus
bonds will
the
Fidelity & Deposit Co. of
Beverly
in the elapsed time of five:,;
oversubscribed
was
the largest trade, one
4,948,124
5,112,956
9,930,000
...
post-war
for
Prov.
"Me
5,096,341 -7 4,884,907
'
'
appropriations-
retirement reserve.
Uncollectible accts., less
to
issue
minutes.
24,590,841
10,440,000
& repairs,
Maintenance
Current
Int.
Co.—Special Offering—
A special offering of 3,000 shares of common stock (par
$20) was made Feb, 17 at 138%, with a commission of
$1.50, by Smith, Barney & Co., and Dixon & Co.
The
(E. I.) du Pont de Nemours &
i
oper.:
Gross earns from
Int.
1940
..
bonds
said
to
date
which
cost
636.
sidiary
(including subsidiaries)
Income Account
annexed
1944 by its United States sub¬
Jan. 31,
months ended
six
and
three
Co.—Earnings—
Detroit Edison
Monday, February 28, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
840
working
notes pay. to banks.--
—■
capital—.—-—_______—___7—
Business—Corporation was
The
vegetables,
fruits,
dairy
,•
:
$1,815,487
1,350.000
284,502
'•
of vuper-1
products*f
products, sea-food, tobacco, household ' sup^ '
principal business of the corporation is the operation
engaged in. the retail sale of gi-'oceries, meats,-meat
markets
;
incorporated on Dec. 24, 1935, in Penn¬
Stores, Inc. Name changed to Food
sylvania, as Union Premier Food
Stores, Inc., in April, 1942.
Fair
,
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLF
Number 4259
of thousands of small
plies,- and related items.. Corporation operates its own meat packing
plant in South St. Paul, Minn.
Corporation's 72 supermarkets, located in Pennsylvania, Maryland,
'
Delaware
and
these
New
markets
Jersey,
on
form
vessels, tankers; tenders, and (submarines,—-V, 159, p. 736.
a
•
General
of
•
Sales-
____
Cost
of
______
expenses
$880,316
$1,21/1,387
$1,223,977
"69,723
76,492
$964,000W$1,281,110
$1,300,470
Other
28,285
25,789
63,122
56,829
277,058
427,131
591,121
304,648
deductions
prov> for
taxes
Fed.
&
Net, ineome
.
Funded
Capitalization Outstanding as. of Oct. 2, 1943
and
Notes payable to banks__
'Mortgages
$2.50
($15,000
pfd.
cum.
Common
•As
of
($15
par)
$1)—
(par
The
413
eral
principal
underwritten
amounts
^follows:
Becker & Co.,
Central
The
Repub.
First
sev¬
Hemphill,
200,000
500,000
E. H. Rollins & Sons, Inc.
450,000
Smith,
Barney
& Co
Stroud
&
Inc
Co._
WOOd
&
in
banks
and
:
.
Co.,
225,000
500,000
75,000
its
fire
basis
of
Dec.
31,
1943,
Corp.
offices
stocks
ih
increased
was
from
$2,099,925
—
admitted
assets
of
the previous
Star
increased
— •
1943
surplus
the
at
reserve
to
end
of
the
policyholders
.was-
$4,328,563,
were
year.—V.
Financing Proposed—
157,
about
compared
convertible preferred
A
$110,000
'!•"$4
£$5
cum.
in
has
550.
p.
with
and
it
that
expected
is
Operating
valued
Marine
Midland
Trust
Co.
of
New
York
has
been
ferred
were
A
common
10,000
of
shares
common
be
for
the
income
of
has
been
deducted
of
amount
an
$207,795
rep¬
required by law.
as
4
companies at $2,989,966 in 1943 and $2,589,615
1942.
■
■
■:
...
'
£Entitled
voluntary or
on
accrued
and
dividends.
involuntary liquidation
Dividends
second preferred
junior preferred stock.
periods
in
are
stock
on
liSecured by
and
three
$100 per share
to
for
arrears
for
semi-annual
two
semi-annual
periods
' '
'
$191,633
1943
$245,425
rv.V
lC-:'V;;
±
pledge of stock carried in assets at $1,174,647.—V. 159,
736.
p.
'\
V
^y:'/r
''
"
Graham-Paige Motors Corp.~Initial Dividend—
$227,808
■>
The directors on Feb. 15 declared
an initial dividend of 62>/a cents
new $50 par 5 % class A preferred stock for the
Dec. 31, 1943, payable only on exchange of each share
$100 par 7% preferred stock for three shares of new $50 par
share -on
per
old
the
.
preferred stock and $25 per share in cash,—V.
1,380,224
19,742,001
394,300
5,350,323
Grand Trunk Western RR.-
16,103,887
468,167
4,513,340
3,736,349
taxes__
6,948,298
$9,799,448
$9,461,238
317,280
3,800,563
3,742,787
1,292,688
profits tax..
Net
1,829,011
from
railway—
railway
1942
1943
1941
$3,001,000
$2,809,000
$2,389,000
$2,364,517
788,425
890,276
457,839
662,393
490,837
697,507
244,814
387,469
income
oper.
ry.
—V.
-Earnings—
1944
January—
Gross
Net from
3,809,254
1,856,379
7,257,439
$895,061
1,066,869
216.
159, p.
1944—12 Mos—1943
$3,962,273 $47,741,938 $42,665,028
1,964,661
income
Gross
Inc.-^Offering With¬
$702,974
deductions
other
&
Net
income___
;
$399,892
$577,781
$5,998,885
159; p. 550,
223,005
2,676,064
Balance
2,676,064
$3,322,821
been
-V.
effected.-—-V. 159, p. 638.
Griesedieck Western Brewery Co.—50-Cent Div.—
no
of
50
cents
share has been
per
declared
the
on
common
value,, payable April 1 to holders of record March
1943'were as follows:
April 1, July 1 and Oct, 1,
and Dec. 28, $1.25—V. 158, p. 1732.
par
1(C
$3,042,388
$176,887
r
Distributions
'cents
each;
in
25
■
$354,776
550/
159/p.
dividend
A
stock,
$5,718,452
223,005
stock____
pfd.
on
-
303,082
"T-""
10 withdrew a special offering of 25,000
after the sale of 22,175 shares had
company,
There
of
Divs.
shares
common
subsidiary being taken at statutory values, and subsidiary*
being taken at statutory values as at Dec, 31, 1943,
adjusted to market) the policyholders' surplus would
glhdluding 1,500 shares held in treasury for retirement,
1944
taxes
excess
basis
stocks
tlncludes subsidiary
in
•
$204,150
$36,175
the
on
deposited with State Departments
•are
'
previous
.
carried
are
portfolios
$7,116,749.
—Jan. 1 to Feb. 14—>•
1944—Month—1943
_______
Federal
drawn—
W. E. Hutton & Co. on Feb.
3,686,680
resenting interest in company's own stock through ownership of stocks
other insurance companies." Securities: carried herein at $236,293;;
1943
1943
$4,202,672
expenses____
General
Int.
General American Investors Co.,
4,580,154
of
$754,043.
at
than
•with
depreciation &
amortization
stock and 77,235 shares
stock of the General Acceptance Corp.—V. 156, p. 1149.
stock,
75,000
1,200,000
quarter ended
revenue___^___-„
Operating
Fed;
501,105
75,000
$12,889,164' $12,298,276
stocks
and
'insurance
Georgia Power Co.—Earnings-
appointed
501,105
1,200,000
($15
prescribed by the In¬
If actual Dec. 31, 1943,
except insurance and subsidiary stocks had
been used (subsidiary stocks other than insurance and insurance stocks
to
1944
$35,675
$41,273
_
period End. Jan. 31-—
Transfer Agent for 32,751 shares of $1 preferred stock, 25,200 shares
of $1.50 series preferred stock, 15,000 shares of 7%
cumulative pre¬
277,500
Department of the State of New York.
of
Corp.—Transfer Agent—
201,584
quotations for all
,
Prov. for
The
$39,725
revenues.
Operating revenues
—V, 159, .p, 736, :
-
,
General Acceptance
745
301,469
—
*Bonds
—Jan. 1 to Feb. 7—.
1943
1944 "
Gross
196,679
1,150,000
137,063
§255,000
market
on
stood
than
—Week End. Feb. 14-
registration statement
in March.—V. 159,
a
items.—.---
surance
"
be filed early
the Federal Securities Act will
284,095
144,241
*
Total
'.
covering the proposals
filed
been
Philadelphia,
under
other liabilities and
stock
3,288,737
11650,000 V
'
217,560
'
585
preferred stock ($15 par).
2nd preferred stock ($15 par).-—..
junior preferred stock ($15 par)
Surplus
with
$7,500,153
,
1944
to be submitted to stock¬
the Securities and Exchange Commission
treaties.
■
>
$1,299,084
330,114
reinsurance
1st
cum.
£$5
"
"
expenses
_!
$1,363,932
premiums-....3,270,005
taxes and contingent com¬
accrued.
or
for all
qum.
Common
to
$3,191,783
on
Dec. 31,
Net premiums written,
less
—Week End. Feb. 7—
with the pro¬
"
»
for; retirement of
Reserve
,
statement
proxy
holders
stock will be retired in connection
financing.
new
due
held, under
■other
Corp.,
993.
p.
.proposes
posed
42,363
46,04^
loss
preferred stock__.__
Employees' war bond subscriptions—
Georgia & Florida RR.—Operating Revenues
Harvey C. Fruehauf, President, announced" Feb. 21 that the company
to seek stockholder approval for the authorization of 75,000
shares of 4'/2%
convertible preferred stock (par $100).
If stock¬
holder approval is obtained,
the company expects to offer publicly
60,000 shares of the new stock.
It is expected that all of the company's presently outstanding 5%
-
unearned
for
■Reserve
on
Fruehauf Trailer Co.—New
42,651
97,142
_
from, bank....
Loan
than
other
$4,089,684
from
year
year.
*
.
accrued..^--.—_
653,967
■$12,889,164 $12,298,273
missions
Funds
market
basis the. invested assets of North Star
same
expense
Star's
1943
1
20,000
20,000
516,111
(less ceded reinsurance bal.)
Reserve for expenses,
year.
Reinsurance
during
•1943,K-!an"increase 'of''$24,508 for thei
in
1,763,550
_
'
for
North
basis,
On the
claim
North
5,749,880
1,477,764
,!.'••
company__-l;i—__
subsidiary
and
due
-Reserve
af¬
of 1942.
for/claims and claim
Department's
and
•
■
of
-
*6,693,392
banks—..
Liabilities—
reflecting an increase of $1,517,855 for the year, of which
relates to the bond portfolio.
Cash in banks and offices
declined
from
$1,702,930 to $791,495.
The company's
reserve
for
unearned premiums
increased from $3,669,319 to $4,042,697.
Claims
100,000
-
-
note
in
mortgage loan
Reserve for losses and
and
2,842,589
pther admitted
.$1,184,340
100,000
-
7.
corporation
the General's investment
Reinsurance
and
and
Total
this
On
*2,572,952
at the end
$8,103,441.
$100,000
Hop-
&
Jaffray
Inc.
McCormick
p.
Piper,
Corps.
Co,
159,
of
1942 ' *'
$1,179,874
_/
hand
Interest
1
each
$7,028,651,
200,000
&
Noyes
in
1936.
p.
compared with $7,608,856
as
the
are • as
McDonald-Coolidge & Co.
Inc.
Co.,
Boston
Kebben,
—V.
respectively,
them,
by
the
and
•
Eastman, Dillon & Co.—$1,050,000
A. G.
underwriters
several
made
was
Corp.—Issues Report^-
$24,642,440.
Star
reserve
The
the
153,
distribution
,
1943
*$1,469,153
—
on
Premium Balances
expense at the end of the year
Surplus to policyholders was $8,000,000 as compared
;with $7,000,000 for the end of 1942, after an increase in voluntary
.reserve from $1,055,903, to $1,576,218 and continuance of a catastro-phe reserve of ,$350,000.
.Net premiums written in 1943 were $9,745,-
fund provided for such series.
of
similar
31
-
Demand
been
$10,692,557.
was
24, 1944, 50,430 shares were outstanding, 1,440 shares
by the corporation having been surrendered to the transfer
since Oct. 2, 1943, pursuant to the provisions of the purchase
names
to
Cash
$1,196,591
Feb;
Underwriters—The
North
of
$5,144,204.
acquired
agent
$20,652,207
! that
$2,600,000
226,350
■'•'51,870 shs.
332,129 shs.
1—
assumed)-"—
stock
stock
A
6.
1343.—V.
$12,478,881, -while
%to
"
■
Co., has
.
quotations for securities other than stock of affiliates admitted assets
that date would have been'$25,006,491.
Invested assets valued on
the Department basis were $20,932,162, an increase of
$2,677,547 for
the year.
On the same basis bonds owned increased from $10,869,581
$411,352
$646,226
$828,189 *
.$668,656
•j.—c
Debt
Adams Express
•on
>■
:
March
financial. statements
1943
from
State
income
on
President of
filiate, North Star Reinsurance Corp., were issued on Feb.
17 'by
Edgar H. Boles, President of both companies.
During the year 1943 General Reinsurance -Corp.'s admitted assets,
valued as required by the New York Insurance
Department, increased
$772,830
Total income
Jr.,
General Reinsurance
48,072
income
record
of
quarter, during
$724,758
83,683
Operating profit
•
Other
Gillies
r
Dec,
bonds
other
Cash
quarterly dividend of 25 cents per share was also declared
capital stock, no par. value, on Feb. 23, payable March 15 to
The
Government
•tStocks
Director,
usual
holders
5,718,758
7,352,834
6,142,100
5,413,767
,
Corp.- -New
Equipment
member of-the board>Df directors;
a
the
on
40 wks, end.
-
Oct. 2,743 k
$29,200,548' $34,094,701: $41,746,124 $31,952,171
22,906,463
26,741,213
33,169,311
25,508,655
goods sold
Operating
•••
M.
George
Dec. 26, '42
Dec. 28, '40 Dec. 27, '41
-
.
Years Ended--
■
S.
Real estate
•elected
"
;
U.
Statement,
"••'''.v/:>;.■ v'-V -!:;v!;;.;■!
j:;: Assets—
"
Etc.—
(Incl. Subs.)
for Stated Periods
Operations
Precision
*
Flr^ Insurance
Financial
All
The
Results
Globe & Rutgers
than
More
of
are
made
are
light-weight motors and generators for bombers,
and cargo planes.
3,000,000 horsepower of last year's production was in the
of large motors, many of them propulsion types-for Navy escort
fighters,
■
the large self-service type.
Sales
cash-and-carry basis, and a wide
variety of merchandise as to kind, brand and quality, is available.
The
supermarkets operated
vary
in marketing space from 5,000
square feet to 30,000 square feet, and it is the present policy of the
corporation to open markets which have a minimum Of 7,500 and a
maximum of 12,000 square feet ,of marketing space.
Corporation has approximately 2,000 regular employees.
in
841
Securities, Inc.—New Plan
Group
for Bond
Invest-
ments—
Goodyear Tire & Rubber Co., Akron, Ohio—Earnings-
General Aniline & Film Corp.—To Redeem Bonds—
Years Ended Dec. 31-
directors
The
Feb,
on
authorized redemption at par on May 1,
21
American I. G. Chemical Corp. guaranteed 514%
Convertible debentures, due May 1, 1949.
This redemption- will reducfe
$3,000,000
Sales
Earnings
Profit
-
$4,426,431
$4,148,862
12,688
—
3,572
income
$1,805,761
264
income
taxes
•2,210,000
Provision for contingencies.,..:
—
500,000
Prov.
f
Federal
est.
tor
the
for
Common
dividends
Earnings
per
•Includes
L.—2
common
$1,176,025
683,804
947,218
.
941,877
Provision
refund
Frank
depreciation and for loss
>
on
retirements:
,405,000
1,
1,,274,702
1,500,000
,202,182
4,
3,150,315
15,,629,668
16,730,888
352,071
247,300
notes, at cost
'
-
1,160,601
164,943
Miscellaneous assets
and equipment
plant
fProperty,
Deferred charges
"Bond
Bread,"
< Post-war
Total
—
other
refund
of
names,'
profits rax
95,000
1- $30,298,853 $28,653,883
—'
—
Liabilities—
$1,641,181
648,323
£$8
non-callable
reserve
in
1943.
of
$500,025
value.—V.
tLess
in
for
doubtful
478,390
of
Electric
close
■Mr;
tives
and
F.
Frank
—
Electric
motors
'
"
100
'
and
estate
company.
share.
Tenders
will
his
excess
insurance
$70,000
Man-Power
of
-
of
I
corporation
churches,
schools,
Investments
funds,
unrestricted
employee
trust
benefit
own
is $10
-mmo
his
tendered
recently pur¬
Chairman of the
value,
share, thus reduc¬
company
shares.
to
$1,
(Inc.)—Report Issued—Paid $1 Per
for the calendar year 1943 shows a net income of $107,compared. with $13,455 for the year 1942, and $89,413 for
as
late
the
Prior
some
to
the
directors,
On
Dec. .14,
the
on
company
par
dividend
share Was disbursed.—V.
first
Harrisburg
The
on
Steel
directors
paid
a
dividend
of
$1
per
$10, to holders of record Dec. 4,
per
for
this issue since Dec.
154, p.
27,
1943.
shar£
This
1941, when 75 cents
1699.
Corp.—Regular
Distribution—
declared a quarterly dividend of 30 cents
stock, payable March 27 to holders of record
March 13.
A like amount was paid in each quarter during 1943 and,
in addition, during that year the company paid an extra dividend of
30 cents per share.—V. 158, p. 2252,
,•■
■♦
share
per
^
.
the
stock,
the
.
the company;
1943,
common
was
pur¬
plans
or
which there were outstanding *57,338.
execu¬
stockholders
present
.
(
at Dec. 31,
1943, was $1,243,044, equivalent to a book
indicated liquidating value, of $21.67 per common share, of
worth
Net
of
sale
store
•
a
par
The report
547,
$12.50 per
at
stock,
common
Harris Ilall & Co.
wife
to
onythe
Share in 1943—
to
up
payment for
declared
have
quarterly: dividend of 20 cents• per
payable March 25 to holders of
record March 10.
This compares with a quarterly of 15 cents paid
on Jan.
3, last.
Payments in 1943 were-as follows; Jan. 2, a quarterly
of 12% cents; March 4, a special of 40 cents; and March 26, July 1
and Oct. 1, quarterlies of 15 cents each*—V.: 157, p. 2449.
(not
and
directors
Quarterly Payment—
1941.
Vorenberg,
stock
received
that
the:
and
funds,
The initial offering price
individuals.
of
primarily to meet the invest¬
reserve
Gruen Watch Co.-^Increases
1944.
that
letter
Felix
of
be
Vorenberg states further in his letter that the company has sold
a $400,000 3 V2%
promissory notes, dated Feb. 15, 1944, with
provision for principal payments of $20,000 quarterly, extending over
a
period of five years, and subject" to other requirements approved by
the
and
York.
New
share, and the net true investment return is estimated at about 4%.
—V. 159, p. 638.
par
7,973,995
$30,298,853 $28,653,883
Institu¬
require¬
that the
Feb.
on
the
on
23
common
Mr.
8,379,439
Million
that
of
signed by F. Frank Vorenberg, Presi¬
buy any part or all of their shares of
per
families
these- shares is to be
Dr820,939
generators of total horsepower equivalent to
-the muscle power of more than 100,000,000
men
were produced by
this company during 1943, it is announced by W. H. Henry, Manager
of the motor division.
The total for the year, 7,200,000 horsepower,
is more than four times the output of 1939.
Included in this production, Mr. Henry poipted out, were hundreds
$12.50
Vorenberg
7,973,995
8,485,937
Dr880,000
v<"'s
•
at
to
Feb. 29, 1944.
It is expected
will be made on or before March 15,
the
company
for
Co.
offers
.
the
1942
Tire &
the.Goodyear
that shares
are
purchased by the company from
suant to the present offer.
The company has no
disposition-of its treasury stock. 7
9,077,500
in
,
of
Vice-President
including F. Frank Vorenberg) 6,233
shares of the company's stock at $10 per share.
The outstanding stock will be further reduced if and to the extent
the
board
Upon
as
of
the
dilrectors.
death
of
beneficiary-of
In
his
of. the
was
thereby
$350,000
then
letter
lations
Felix
his
on
life;
increased by approximately $172,000, being
the cash surrender value
over
carried
the company received $350,000
and the net quick assets of
Vorenberg,
insurance
were
Hartman Tobacco
A dividend of
.
the
on
books
of
at which
the company.
the
-
,
on
March
15
were
for
the
11
ended
Dec.
31,
1943,
were
larger than
per
share.—-V.
larger, than
after
the
net
income
charges for fiscal
equal to 76 cents
a
share
on
year
for
the
previous
for the cor¬
ended Jan. 31,
fiscal
1943,
(Net
$87,757,
year.
was
115,581 shares.)
Adjusted balance sheet dated Dec. 31, 1943, shows current assets of
$4,269,035; current, liabilities $1,959,648, and net working capital of
.$2,309,387.
This balance sheet has been adjusted to reflect transac¬
tions
consummated in
000 3 Va %
promissory
February,
note,
and
1944,
as
follows:
Issuance of a $400,-
purchase of 32,000 shares of the com¬
pany's stock for $400,000.—V. 159, p. 216.
'
15,
after
Arrearages
March
$1;
the
preferred
prior
record
of
March
June
current
stock,
no
par,
Distributions
4.
payable
during
1943
$2; Sept. 15, $1; and Dec.
distribution will amount to $3
15,
158, p. 1532.
'
s
responding 11 months of the preceding fiscal year.
Final earnings
figures.for the fiscal year ending Jan. 31, 1944, are not yet available.
It is estimated that net income for
the fiscal year ended Jan. 31,
1944, after reserves for income and excess profits taxes will be some¬
what
cumulative
$4
holders
$4.
Mr.
months
the
to
Co.—Accumulated Dividend—
$2 per share has been declared on account of accumu¬
follows:
as
15,
Vorenberg states that net sales and operating
profits of the company (unaudited) before Federal income and excess
profits taxes and adjustments and disregarding non-recurring items,
income
Motors Produced—•
stockholders
their
9,07*7,500
of $68,000
Manager
ing the outstanding stock to 83,581
32,000 shares of .stock, the estate sold
250,000
-
accounts
to
per
share
business
from
236,805
—
lodges,
trusts,
""reserve"
investments of
bonds which meet the legal
field in
life insurance companies or by savings banks,
Bond Shares is designed
requirements
The
named
been
Vorenberg'states in
1,664,281
depreciation and for loss on retirements
1942 and $86,508 in 1943.
£$90,775 shares of no par
reserves
158, p. 2580.
General
the
750,000
treasury-
!
Total
•Less
to
stock accepted
2,366,447
__________j.—-—-—-
Capital stock reacquired and held in
1947.
Assistant
has
company
stock—
stock ($5 par)—!—
Common
Earned surplus
Co.,
stock
235,470
preferred
30,
j447.
letter
a
J—
for contingencies
cumulative
Magqnnis,
p.
taxes—
Dividend payable on common stock
Reserve for estimated Federal income
Reserve
$1,414,412
of
Institutional
Gilchrist Co.—Offers to Buy Own Stockin
at
Accts. pay., accru. payrolls &' other accr. exps
Accrued taxes (other than Fed. income taxes)
the State
in
recently purchased 12,585 shares
at
$13,375
per
share.
The holdings
of officers, directors,
certain
store executives and their families now total
47,732 shares.
None of
etc._:_—___
excess
trade
Federal
June
Board, 32,000 shares of its
receivable
•Accounts
Inventories
159,
chased
Dec 25, '43 Dec. 26, '42
$5,699,835
,340,229
' $7,
"
—
U. S. Treasury
T..
Export
dent,1 the
Comparative Balance Sheet.
Cash
—V.
$0.31
payable for the fiscal year ended Dec. 26, 1942.
Assets—
$5.46
contingency
a
ment
Official of Subsidiary Promoted—
$95,000)
of
1943, $1,425,598; 1942, $1,542,733; 1941, $1,618,852.
(2) It is not expected that there will be any Federal excess profits
tax
$8.94
tAfter
$5,000,000.
revealed that
Gilchrist
for
—
of
reserve
fund
mutual
investment by
ments for
.
710,414
$1.01
$0.66
(after post-war
tional Bond Shares are confined
1943
available until
690,284
—
tax
excess
Notes—(1)
$2,287,434
share.
profits
amounting to $855,000.
■
$1,729,119
.
^
uniqua in the
*21,479,048 114,370,911
shares
figures are subject to renegotiation, but the net for
giving effect to renegotiation.
\
although company now has no bank loans
outstanding it has negotiated a $100,000,000 revolving credit with banks
carrying, a Government guaranty of 90%
This is in addition to the
$50,000,000 private revolving credit previously reported.
Both credits
-——
680,744
year
dividends
cash
^
(2,059,168
after
report
Rubber
Profit
share
contingency
a
was
The
_
Preferred
charges and taxes
common
Note—The
1942
$1,306,025
630,000
$4,152,434
1,615,000
250,000
$4,439,119
income
authorized
of $8,000,000.
reserve
are
Total
Securities,
'
•After
Dec. 25, *43 Dec. 26, '42 Dec. 27, *41
Gross sales (less return and allow.) $61,741,708 $50,809,198 $42,067,391
Cost cf goods sold-—
39,085,206 30,899,619 24,981,144
Deliv., sell,, adv. & admin, exp.—
18,230,071.15,760,717 15,280,486
52 Weeks Ended—
Miscellaneous
after all
per
outstanding)
Co.—Annual Report—
General Baking
Distributors Group, Inc., on Feb. 23 announced a new class of Group
Inc., known as Institutional Bond Shares, with an initial
capitaliaztion
of
575,000
shares.
The new shares
arc
1942
760,491,044 451,493,034
Net income
principal amount to $12,000,000.—V. 158, p. 2580..
the outstanding
1943
$
'
1944, of
'
Hart, Schaffner & Marx—To Reclasisfy Stock—
called
Company has
to
act
-filed
on
Feb.
There
is
of
meeting of stockholders on
special
a
March
17
proposal for the reclassification of its common stock and
25t a registration statement covering a portion of its out¬
sha/res
standing
-writer.
stock
a
and naaning Blyth & Co., Inc. as the principal under-
are
which
now
7,687
outstanding
150,000
shares
($20 par)
effect
to
.corporate
shares
of
the
each
-the
present, share
common
If the proposal
shares are held in the treasury.
be reclassified into 2V2 shares
(par $101,- and the total amount of stock to be in the hands of the
public will be 355,782 shares.
The company has no funded debt or
bank loans or any other class of stock.
The registration covers an aggregate of 120,000 shares, after giving
adopted,
reclassification.
financing
and
the
holdings
but.
offering
derived
will
will
years
will
Sale
of
the
represent
consist
ago
a
for
from
shares
will
distribution
the
the
not
of
most
part
estates
of
constitute
outstanding
of
the
portions
founders
-
of
the
business,
Consolidated
7- '*»"«'
Max
1943
all
charges
consolidated
$30,988,581 and
amounted to
30,
a
./,
J :
packing bf " rations lor' the TJ.': S'. ZQuartermaster' contihuec!
the year and
we
have a contract covering the first
The War Department Price Adjustment Board agreed
to a clearance of profits on our contracts for'1942 which amounted
to slightly more than $100,000.
Sales to the Quartermaster Depart¬
ment in 1943 exceeded half a million dollars, and earnings thereon
are
subject to renegotiation.
No provision has been made for any
possible future adjustment in earnings from the packing of rations
because the profit for the year is not considered excessive.
Some of the facilities in our Barrington plan have also been devoted
The
.share paid on Dec/. 18, 1942.
—V.
1944—Month—1943
•
t ^
quarter of 1944.
1, last year, a distribution of $5 per share was made oh the
old common stock which was> recently split up on a five-for-one basis.
This latter payment compares with $3 per
158, p. 1638.
v,*..
'throughout
declared a dividend of .30 cents per •share onsthe
payable March 15 to holders of record March 1.
stock,
common
".i'" v
v
:
Nov.
On
market.
/" -v; >,
-X : { A r '"/xWar^ork' •
tories from -cost -to •
,
Cents on New Common Stock—
The directors have
new
Co.—Earnings—
Period End. Jan. 31—
have announced
directors
To Pay 30
equivalent to $4.59 per share on the reclassified common stock to be
presently outstanding, compared with net sales of $26,224,817 in 1942
and $21,886,031
in 1941 and net income of $1,437,529 equivalent to
$4.04 per share in 1942 and $895,173 equivalent to .$2.52 per. share in
1941.—V. 159, p. 447.
Haverhill Gas Light
The
„
$1,631,319,
Federal taxes was
including
sharply reduced by rationing, merchandise shortages, Government'regulation of retail prices, increased expenses, and adjustment of inven-
Preference Stock
plan to redeem on March 31 the
outstanding 6 %■; preference stock at par and accrued dividends of. 37 '/a
jsents per share."; About 50,000 shares are outstanding.1
v
V
•'
:":,V.
I
Nov.
income
net
net
v.'
after
ended
year
1 ;
'
Hotels Statler Co., Inc.—To/Redeem
Hart, Joseph Schaffner and Marcus
.*»•'. •
•&'T\'S'•r}xsales of the company and its subsidiaries for the
and
Harry
•' !' '•
Mar*
Monday, February 28, 1944 y
FINANCIAL CHRONICLE
THE COMMERCIAL &
•
;
Operating
-
Net
1
$7,261
2,916
46
574
$4,299
$66,395
49,140
$51,691
49,140
charges
income
-
159,
———
End. Jan. 31—
1944
1^43
$18,382,538 $10,206,694 !
.
—
—
——
—
-
2,240,578
452.531
3,578,607
515,575
.
____
shares common
$1.55
$1.36
^After all charges, including a provision of $1,508,575 for estimated
Federal income taxes and $1,679,985 for estimated refund on Govern¬
ment contracts to be renegotiated in 1944.
The amount deducted for
this period
during
gotiated.
»
sheet
balance
The
U. S. Govern¬
Current assets
totaled $6,456,970 and current liabilities $5,355,497.
surplus on Jan. 31, 1944, was; $1,638,772, compared
$11,637,492, of which $7,071,121 represented cash and
ment securities, and current liabilities of $10,507,503.
a
earlier
year
loss
and
Profit
With
'
$1,480,906.—V. 159, p. 736.
,
.
the common
on
Feb.
on
'Disbursements
Sept, 25, 50 cents each- and Dec.* 21, a
21
/
C.
A.
Mattel,
the
of
cash
President,
General
made
distributions
Sept.
during
15
$aid on
calendar
the
by
this
15,
Dec.
and," in
tax
the
At
annual
this
of
meeting
held
corporation
officers,
Other
President.
reelected
was
Clarksoh
to
reelected
are:
Edison
York,
Albert E.
Inc.;
its
the
sale
filed
year,
the
of
of
a
registration
a
Feb.
Commission
18
the
latter's
statement
with
$4 preferred
new
of
balance
respec't
to
holdings
in
the
the Securities &
with
the
issuance
of
stock
of
of
company's
stock
common
Holders
of
by
will
offered
be
outstanding 7%
these
outstanding
in
exchange
preferred
stocks
will
plus
The
utility
Power
closed
it
since
when
year
Shoe
Co.—Special
the smallest.—V. 159, p. 448.
&
Feb.
became independent of National Power & Light last
shares of common stock were sold by National
to the public at $54 per share,.
The common stock
at 633/8.—V. 158, p. 2580.
18
.-./""./
Income from
.
—-
——
1243
.
$1,113,272
221,828
investments
Other
from investments——
income
Net
.
Liabilities—
Gross operating
revenue
Gross
Int.
.
on
income
income
•Income
6,633,722 /
___
income
Non-operating
charges
adjust,
_-
___
*
,
.
'$891,444
/
1942
.
$891,468
..income tax .—
Federal; income tax
Net
income
Net from
Net
i
//"
'
sales
.
from brokers on
fixtures
'
—
—L——
66,056
;
$426,599
•4»/4%
1,273,440
1,396,995
(5% )—_
•Exclusive
———
of interest
on
/
$159,037
adjusted income bends.—V.
$477,001
159, p. 216.
Z
valu.
inventory
51,98?
796,356
428.134
650.000
650,000
250,000
.5,000,000
stock (par $100)
Common stock (560,000 shares,^ no pari_____
Earned surplus
2^10,398'
Stock
Dr212,168
in
5,770,073
cost—
at
treasury,
Total
,
250,000
5,000,000
preferred
5,770,073
:
/Y,494.387"
Drl74.948
$16,668,472 $16,504,034
x
Four Weeks Ended Jan. 29—
—V. 159,
the
$430,668
securities,
$430,668
$24,390,580;
York
New
Ry,
48
224
$147,460
-
in
line
Arkansas,
railroad
built, and have, always been operated, as a part of the main line of
the company and its predecessor.
In order to secure greater economy and to simplify the corporate
structure
of the company's railroad system, the Texarkana
is being
dissolved, and in connection therewith the company by indenture,
dated Dec. 31. 1943, has acquired all the properties ol the Texarkana
in
consideration of the surrender by the company to the Texarkana
of all the outstanding stock of the Texarkaha for cancellation and the
assumption by the company of all obligations and indebtedness of the^
Texarkana, including the principal of, and the inteiest on, the $10,-
bonds.—V.'
000.000 of
Kansas
Gas
••
^
was
$697,812
375,414
288,593
3,377,503
3. 107,567
_
142,233
93,868
1,700,648
951,603
31,377
45.783
593,790
574,139
68,667
62,500
824,000
750,000
125
125
$173,902
2,125
$206,943
$2,396,426
4,085
$2,259,277
11,223
$211,028
$2,270,500
$2,402,707
-
approp.
res.
limited-term ♦
—
Net
■*.
ober.
Other
r
/
revenues-
income
(net)—_
income
Gross
Interest
78,651
charges /
$96,476
Net; income
Divs. applicable to
.
$175,127
C—
*
1,500>
-
;>
6,281
78,011
961,281
993,969
$133,323
$1,309,219
$1,459,640
•
preferred stocks for period—
520,784
520,784
,
$788,435
$978,856
Kings County Lighting Co.—Preferred Dividends—
The
able
directors
April
1
the series
series
the
C
and
the
Feb.
on
cumulative
the
on
including Oct.
On
rates..
series
D
all pay¬
preferred stock, and 62Va cents per share on
stock.
Similar distributions
issues'each quarter from April 1, 1942,
1,
Dec.
1943.
This is on the basis of 50%/of their
23, last, payments, were made as follows:
$2.55 on the series C stock, and $2.12 '/2
the series B stock,
series
$5.77%
the following dividends,
respective
D
stock.
After disbursement of the
to
declared
cumulative .preferred
5%
D
on
23
to holders of record March 15:
87'/2 cents per share on
7% cumulative preferred stock;'75 cents per share on the
6%
made
$2.97V2
on
B
series
were
to
..
in his report for 1943, stales:
difficult for food retailers, . particularly, route
operators, but sales of your company were only slightly lower than
the record figure of the previous year./ Earnings before taxes were
J. Lunding,
1943
1943—12 Mos.—1942
$7, 781,335
$0,756,718
$790,818
taxes
Prop. ret.
Amort,
of
Co.—Earnings-
1943—Month—1942
/;
___
Federal /taxes.'
regular
year
159, p. 552.
Electric
&
period End. Dec. 31—
dividends and accrued interest receivable, $117,770;
securities sold but not delivered, $13,122; furniture
$1; total, $25,873,416. ///'.••/■■„/. //:
Inc.—Annual Report—
the company's line
Said lines of railroad of the Texarkana were
Louisiana.
in
cash in bank on demand
155, p. 551.
President F.
Texas which are connected by
ments of railroad in
of
railroad system comprising the portion of said t
south of Mena, Ark., and two separate seg- *
company's
of1 the
line
(nominal value),
Jewel Tea Co.,
the payment of the principal of, and the interest
the bonds, and pursuant to a lease of the properties of the Tex¬
has paid a rental equal tc the interest on the bonds, plus
taxes and all other expenses of the Texarkana.
The lines of railroad of the Texarkana form a part oi the main
arkana
$121,379
58,719
*
f
Co.
on,
102
" $121,106
26,353
"
has authorized Che continued listing
of $10,000,000 Texarkana & Fort
Exchange
Stock
heretofore guaranteed
$121,27*7
$489,387
J
Decrease
5.14%
first mortgage/5%% /guaranteed gold bonds,/Series A,
due Aug. 1, 1950, as assumed by the Kansas City Southern Ry.
Kansas City Southern has heretofore been the beneficial owner of
all the issued and outstanding capital stock of Texarkana, and has
Smith
'
,
RaiIway^Contiriu^<| Lis^ingr-
Kansas City Southern
on
1943
$4,300,595
p. 639.
The New York Stock Exchange
27,678
.
1944
V$4,079,507
"Retail sales
expenses'
accrued
825,238.—V.
-
The
Deficit
contingencies and
Res. for auto, accident & other self-insur. losses
revenues
brokers for securities purchased but not received,
investment manager fee, $5,699; accrued custodian
fee, $3,900;
accrued sundry taxes, $15,000; other accrued expenses,
$7,700;
special capital stock (2,534,238 shares, no par), $2,534,238;
paid-in
surplus, $20,862,015; excess of market value over cost of
marketable securities, $2,401,944; earned surplus, $37,481; total, $25,-
5,870.657
$2,668,511
1,748,517
$1,238,049
51,584 /:/
.972,384
237,352
"
for
Reserves
Operating
4,070/
$1,649,112
Balance'Sheet, Dec. 31, 1943
■
Assets—Marketable
$15,440;
$8,419,929
1,657,342
//-I;':
$1,138,849
items
accrued
}
$16,504,034
..,
Fed., State & other taxes accrued, less tax notes
"Other
55.278
1,097,076
4,133,221
>1
-
Operating
——-
$891,468
of investments—" * 757,643
for year
income
-
J
deposit, $1,351,943;
$2,549,272
119,239
'
•
payable
1941
______
'
•_
!
1942
$2,771,745
______
552,130
4,824,060
1
_L—_ $16,668,"472
/ •-;/.
•
f
Z $140,955
$492,654'
24/
credits
income
Total——-/
and
$2,659,707
112,038
—_
__
income bonds
•
$9,293,429
—
__
Operating expenses and taxes—
Operating
1943
-
dividends
Preferred
Liabilities—Due to
'
3,660,824
1,029,419
3,606,478
—____-
__/—__
investments
due
'
$2.03
"1321/408'
_iZ——
Accounts .payable Z
,
/Other
Hudson & Manhattan RR.—Income StatementYears Ended Dec. 31—
1,002,382
3,569,474
.——u--—:
—
Total
At. the beginnihg of the
shares outstanding, having a net asset
31, 1943, company had 2,534,238 shares
outstanding, having a net asset value.of $25,825,678. .
.
.
Income Account, Years -Ended Dec. 31
242,664
Light
'•263,413
Jan. 1, '44. Jan. 2, '43
$2,181,444
$1,868,870
L
'
Deferred charges ^
.Capital assets (less depreciation)
company's growth continued.
State
accrued dividends upon the exchange* stocks to date of
This exchange offer will not be underwritten.
financing will represent the first by this operating
:Other assets
company had 1,447,436
value of $12,576,650.
At Dec.
Expenses
proposed
$1,348,648
$1,155,833
: 207,526
' 641,016
share—$1.69
;
'
r
.
425,591
•-Thvintortes/———5,847,231
year
right to exchange each qf their shares for either 1 1/10 shares of new
$4 preferred, or % shares of new $4 preferred and 1 share of common
exchange.
52,487
_______Z
earnings
Assets—
unmatured,
$106,447;
the largest trade, 10
was
last
the
income.
on
Cash in banks and on hand—.
•Marketable securities
Accounts receivable, less reserve
(500,000 shares no par), $31,441,144; 5%
Glore, Forgan & Co. in the elapsed time of 1 hour 47
minutes.
There were .33 purchases by 18 firms;. 1,000,
holders
be offered
valuat'n
Sales Show Decline-
Offering—A special
offering of 5,000 shares of capital stock {no par) was
made Feb. 21 at 36%, with a commission of 65 cents, by
shares
the
to
to operations.—
Comparative Balance Sheet
500,000
Investors Mutual, Inc.—Annual Report—
and $6 preferred stocks.
1,130,725
Earnings per common
$455,439
tax
registration statement and the 47,513
the
1,108,008
taxes
Preferred -dividends
$80,727,553;
Treasury
International
stock and 47,513 shares-of common .stock.
covered
shares
stock,
,
.
Barney &
preferred
the
375,000
$691,632
L.
Co., Lazard ZFreres & Co., and Blyth & Co., Inc.,
are
named as principal underwriters of 60,000 shares of the $4 pre¬
ferred stock which will be offered publicly.
The balance of the $4
Smith,
S.
Exchange
112,264
305,386
and all other Federal taxes———1,110,796
Federal
State, local
main
SEC
company
255,634
164,148
_u_—
accounts charged
Estimated
..
participating stock
($100 par), $10,000,000;
$11,884,000;
audited accounts and wages
miscellaneous accounts payable, $340,313; interest
matured unpaid,
$310,714; dividends matured unpaid, $39,864; un¬
matured interest accrued, $136,379;
accrued tax liability, $562,530;
ether current liabilities, $5,500, unadjusted credits, $699,230;
accrued
depreciation, $5,837,248; reserve for amortization, $9,116,056; reserve
for contingencies, $1,507,980; corporate
(earned) surplus, $12,612,457;
total, $84,599,864.—V. 159, p. 551.
a publicly owned operating company with
National Power & Light Co. system through
the
from
divorcement
574,687
228,241
177,844
_____/
and repairs
Set aside for contingencies & inventory
cumulative
debt
funded
payable,
Bros.;
& Power Co.—Registers With
.
fDoubtful
.
Company, which became
-
250,000
$1,536,313
During 1943
Lighting
....
—
cash, $1,218,784; temporary cash
savings/ notes—series C), $132,000;
special deposits/ $226,136; net balance receivable from agents: and
conductors,
$84,227;
miscellaneous
accounts receivable, $468,156;
material and
supplies, $1,005,223; interest and dividends receivable,
$760;
deferred
assets,
$2,137;
unadjusted
debits, $734,888; total,
$84,599,864.
;
■ -//■
- ;;.
, ■ >?
•
Weeks, of Luke, Banks & Weeks.—V.
Houston
123,336
128,737
.
$2,590,254 $1,941,088 $1,885,144
803,940
874,456 -; 929,704
/.
' j.'../.
.;.■/■
$1,786,313 $1,086,632 / $955439.
of income-
Assets—Investments,
A. Ready,
Thiele, of Guggenheim
133,901.
-
—
investments/; (U.
directors,
New
40,082,011
purchased plus services and rents——
40,314,196
i_—541,079
.
wei*e
Trippe, President of Pan American Airways, Inc.; and John
159, p. 638.
benefit of employees!
for the
Maintenance
Consolidated Balance Sheet as at Dec. 31, 1943
RR.;
of
Co.
$2,664,573, .$2,026,838, ,$1,960,814
59,581
42,987
.47,666
chgs.l
after fixed charges^
Dividend appropriations
Augustus Nulle; Alfred Peck, of E. H, Rollins & Sons; Frederick B.
Ryan, of Ruthrauff & Ryan, Inc.; Frank W. Smith, of Consolidated
Juan T.
Products
$1,955,101
.5,712
1,950
/j,:,,
Arthur D. Dana, Jr., of Burton, Cluett & Dana;
Arthur V. Davis, Chairman of Aluminum Co. of America; Duncan G.
Harris, of Brown, Wheelock, Harris, Stevens, Inc.; James W. Maitland, of Luke, Banks & Weeks; Maurice Newton, of Hallgarten & Co.;
Pennsylvania
1.079,880
228,681
338,338
,,
$2,024,888
2,973
for/fixed
charges
Income
the firm of Hayden, Stone & Co., was elected
which numbers 15 in all.
Other directors
Lucius Boomer; Martin W. Clement, President of the
of
30,245
31,216
1,272,266
233,762
372,075-
$2,661,600
income-—-
from
Income available
Fixed
Jan. 1,'44
Jan. 2.' 43
$53,204,608 $53,489,792
9,371,233
$,773,444
revenues
to or
'Depreciation
$5,617,278
932,259
687,831
$2,324)155 $2,069^825 $2,008,480
deductions
Misc.
of
Potter,
board
the
$6,200,530
1,045,559
805,815
___
Totai^/Income
General Cashier.
and
urer
and Frank
Maurice Newton
are:
1941
rents——1
income—net
.
Lucius
whom
1942
$2,320,044
364,943
Net railway operating income—__
income
*.
;
4
Directors—
of
Paid
/Common /dividends
$3,241,855 Z $2,439,836
580,256.
414,948
Other
Vice-Presidents;
Augustus Nulle, Secretary and Treasurer; F. M. Thudson, Comptroller;
M. O. Pickard, Assistant Secretary; and L. S. Dery, Assistant Treas¬
reelected,
accruals——
Balance—
Feb. -15,
all
Sales and
Goodwill
preferred
Boomer
i
_______
Liabilities—Common stock
Hotel Waldorf-Astoria Corp.—Officers &
.
X-uL
operations
operating income
Railway
Total rent
25 cents was
extra of
/
America—Earnings
1,501.206
261,798
397,147
v
.Net revenue from ry. .opers/_——
year
addition, an
Dec. 15.—V. 158, p. 2469.
" ;
and
Comparative Income Account, 52 Weeks Ended
in charge of operations
Attorney of the New York
1943
_
.
expenses.
Railway
1943 were paid out of earnings or
profits of this corporation for its taxable year 1943.
Therefore, under
the previsions of Section 115 of the Internal Revenue Code, each of
-the cash distributions is fully taxable as a dividend."
Quarterlly dis¬
tributions of 25 cents each were made last year on March 25, June 15,
holders
General
32,268
Miscellaneous
"It is estimated that all
corporation to its stock¬
stated:
15,
Feb.
supplies of man-pcwer,/products and
as
material permit.
Vice-President
to
Alfs,
oper.
Transportation
Fully Taxable—
Honolulu Oil Corp.^—Dividends
R., who were not can¬
revs._—$7,285,649
Maint. of way arid structures—>
1,045,559
Maintenance of
equipment
805,815
however, was made up by increased writings in the fire andV allied
lines.-XX: X ' ■■/,-.■■' Total admitted assets at the year end were $132,106,901, and com¬
pare with $116,983,481 reported at the end of 1942.
:
The balance sheet at Dec. 31,
1943, shows ca$h of $20,681,230;
U.
S.
Government bonds,
$27,406,592; all other bonds and stocks,
'$69,192,158; first- mortgage loans $376,083? Teal estate, $3,825,040;
agents' balances, less than 90 days due, $9,265,752; reinsurance re¬
coverable on paid losses, $1,286,831, and other admitted assets, $73,215.
Liabilities
include
reserve
for
unearned premiums amounting tor
$49,199,317; reserve for losses, $13,486,728; 'reserve for taxes, $5,130,GOO; reserve/ for, miscellaneous accounts, $1,005,540, and funds held
under
reinsurance treaties,
$38,176.
Total liabilities except capital,
which remains unchanged at $15,000,000, were5 $6$,859,762/ ; Surplus
as regards policyholders was $63,247,139.—V.
159, p. 216.
'
Mr.
Years Ended Dec. 31—
V. Smith,
by Harold
Assistant
is
Traffic
the year ended Dec/ 31, 1943, made public
President, shows net premiums writ¬
ten during the year amounting
to $61,567,060, which compares with
$61,749,316 reported in 1942.
Marine premiums decreased $3,839,642,
and automobile business declined $2,230,868. ' This loss in premiums,
Feb.
U. S. N.
Opportunities for post-war development of the business/are/receiving
A number of experimental activities are in operation
careful attention.
•and/others will be undertaken
110.
p.
Total railway
year-end of $1.—V. 159, p. 736.
The annual report for
on
announced on
the annual meet-
was
Net
York—-Assets Show Gain—
Home Insurance Co., New
Sheaffer
159,
declared a
23
Hegarty,
International Railways of Central
dividend of 50 cents per share
stock, payable March 25 to holders of record March 14.
last year were as follows:
March 25, June 25 and
directors
board
RR., wasZ recently elected. a Vice-President of International
Detrola by the board.
Other officers,
in addition to Feldmann and Alfs, are Warren J.
Hannum and Charles H. Foster, Vice-Presidents; John Hancock, Treas¬
urer; H. E. Hamilton, Secretary and Assistant Treasurer; R. L. Dillon,
Assistant Secretary and Controller, and R. J. Nixon, Assistant Treas¬
urer and Assistant Secretary.
Messrs. Foster, Hancock, Hannum and Frank A. Willard are con¬
tinuing directors on the board, of which Mr. Feldmann is Chairman.—
V.
The
the
to
a
.
Pennsylvania. RR.
Inc.—50-Cent Dividend—
Hercules Powder Co.,
directors
M; S.
D.
Commander
Mr.
.
of
'.
■
,
'
,
hew
two
.Central
current assets of
showed
1944,
31,
Jan.
of
as
of
higher than
are
of green coffee on
"
Zing of stockholders on Feb. 21, iri Elkhart, Ind. .
•
D. M. Sheaffer, Philadelphia, and William A. Alfs, Detroit, are the
new directors named in
succession to John Ballantyne of Philadelphia,
and
to be rene¬
refund on Government contracts
for
$713,240
Detroit—Two New Direc¬
by C. Russell Feldmann, President, following
22
didates.
There was no deduction
1943 was $1,810,300.
in
income taxes
Election
/:
...
year ago, primarily because we have
hand and in transit.
The minimum
operating stock, for green coffee is. 13 weeks under normal conditions,
but today a larger supply i$ needed and we have an; estimated" 29
/weeks' stock on hand and in tram it,
Three pieces of real estate, not needed in the operation of the busi¬
ness, ^ere sold in 1943.
The old plant at Los Angeles and the building
at Washington, D. C., both of which had been outgrown, and a vacant
lot .at. Minneapolis were the properties from which a net /sale price
of $49,476/was realized.
Post-War
'
^
Inventories
larger stocks
159, p. 638.
Feb.
- j 'j
in three to five years./,,.
falling due within three years, 14%
.
$637,382
$589,807
$529,554
/
Working..Capital'
'
,
year-end were made up ol U. $. Govern-,
ment obligations
of $2,995,111; State and municipalT obligations/ o'f
$398,829, and industrial and other marketable bonds totaling $175,534.
Most ol
the maturities in this fund are short, 69.5%
of the bonds
684,945
Cr24,528 X f
,.
a
Marketable securities at the
$1,211,071; $1,285,096
504,875
495,747
' 68,815 "
76,109
504,875
.
66,260
,
878,525
*
873,260
tors/Elected—
Inc.—Earnings—
Operating profit
♦Net profit
Earnings per share on 333,000
Federal
504,875'
■>/
•
_
divs.
for
avail,
Bal.
-V.
.
948,660
$1,070,154
$1,100,689
2__—
for'a nationally-known distributor.
'
$2,843,301
$3,038,25.7
1,036,045
.
989,732
1,123,275-.
1,061,995;/
_
charges
-
deductions
Other
•1941
1942
■
1
International Detrola Corp.,
Sales
•
income
.Interest
-
447.
p.
Hayes Industries
6 Mos.
.
,
Z
>* ■-
deprec.——
or
Net
$87,209
(35,000
517
$101,970:
35,000
.
'
retire-
maint. &
All Fed. and .local taxes
7,085
•
.
revenue.
ment
$80,123
$98,039
,3,931
...
49
_
accr,_
res.
Dividends declared
—V.
92,398
Oper.,
$7,667
Balanoe
Net
Gross
„;.Z,t0< the production under1 contract , of & number of cosmetic - products
•/ 1943 • '
$3,095,932
1944
$3,285,959
12 Mos. End. Jan. 31—
31,406
100,537
$6,905
356.
$10,633
2,916
(net)
income
'Retirement
Interest
$10,222
-411
revenues
oper.
Non-oper.
Indianapolis Water Co.—Earnings
30,743
,
-
Z/Taxes
•
3W,21938,649
2,546
2,240
10,228
8,933
_r_
Maintenance
1944—12 Mos.—1943
$630,307
$580,393
400,987
376,4b4
$56,628
$62,217
—
Operation
•
.
revenues
on
the
dividends just declared
series B, $4.95 on the series C,
158, p. 2192.
stock.—V.
arrears
will amount
and $4.12 V2
on
the
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4259
(J. B.) Kleinert Rubber Co.—20-Cent Dividend—
%
•
A dividend
stock, par $10, payable March 10 to holders of record March 1.
ments during 1943 were as fallows:
March 12 and June 12, 20
each; and Sept. 13 and Dec. 10, 30 cents each.—V.: 158, p. 892.
;
V
the
>/ ;
load
Paycents
; )
peak load reached .139,000 kw. on Dec. 23, .1943.
.v:.ft"
was-120,100 kw.-•
The combined companies
'
has been declared on the common
20 cents per share
of
the
year,
produced
gain of 3.55 ft.
a
'
Increase of 2,874,
an
Knickerbocker Fund—Assets—
•
-"
*
*
.
1944; the securities held in the-;
portfolio cost $1,343,811 showing an unrealized loss of $38,711. The
assets consisted of
$157,368 in cash and $1,305,100 in the market
value of the portfolio, making total assets of $1,462,468.—V. 159, p. 448.
the
At
;
of
close
business
31,
Jan.
"
•:
\
What
'
.V-f
Vh
'-'A*
V ■■/■
Net
sales
Cost
of
•
j
''/ft;.1'/ft'/'-y-
—
sales,
,
'
'■''/*'? V
Stockholders
t^
422,427,610 388,847,338
53,067,805
• 2,038,385
;
Depreciation
' Operating profit •
Dividends received from
f
/
to meet
tProV".
for
///ft// ///ft ft
Previous
'*
'
;
;
-
' ;!
"
;
.
// 'ft/
great measure,
.■
4,649,484
surplusft—ft-ft/ftftft-ft—.-/"14,511,008
earned
13,540,296
—
sui^luis*
vTotaP
:
..V'./.-'.ft
(/*«*•;/
pfd, stock
($100 par)
pfd. stock ($100 par)
Common
:
Preferred
stock, and
by public:.
surplus
share of
stocks
Dong-terms debt
on
^alance
v
./•'
*
.
Vv- ■•■'...V.-.&i* * n'|,;
•'"!/"•
.
1
' r
-
-V: ft
* 15,840,814
earned'
'
■■■
.
-
---
to
as
depreciation reserve.
called
119,192
13,841,500
4,169,401
preferred stocks, ft.
'ft-
to' consider
and
A special meeting of stockholders will
act
upon
the
Comparative
Income
*Xf"ter" tleprecisit'ibn of :$33,555/aWproyisioii forr Federal taxes - op ft
X Calendaryears^
excess profits tax, less $24,000
Operating revenues
post-war refunds),
tlncluding Federal excess, profits tax of $5,170,000
Gas purchased from affiliated
) less $517,000 credit for debt retirement in 1944 and $4,680,000 less
Operating expenses
$400,000 credit for debt retirement and ,$68,000 post-war refund in ft
1943.)-
.
,
64,977,100
1;620,600
s
deposits
/
—
Reserves
reserves
Statement
$15,562;601
ft
-
Total
ft
610,296
3.000,813
164,498
*4,544,000
______
-
600,000
1,383,143
^
t
2,172.364
—
---
• --■-■■■■;
„■ ■
/....;
■■
141,875.120 146.9871872
—
—,_
for
sinking fund and unsecured notes.—
•
;
5,566,790
5,138;756
874,814
Leeds
&
'"ft'
\
>-
Lippincott
1
'J»
Co.
'1 ' '>'
of
/
'
A'..-
.
,
Atlantic
City,
J.—
N.
Tenders—
765,653
'
'
"• 1
ft'
786,793
;
16,281,820
1,115,000
t i942^'w"rV' •by order ofc P. S.- Commission
V. 159, p. 738*. -ft
« •
$14;598i313
743,803
company_____j.
-
-I
x
97,193
-
(Reclassified for comparative purposes.
*By order of P. 3. Com¬
mission/Invested in- new utility ).; /Reserves appropriated from income
(Company- only)
"1943
■"'"C'
f- /
'
2,482,813
106,143
18,685,161
532,555
3,050,306
164,498
and deferred
Earnedsurplus appropriated
/Reserves appropriated
.Earned* surplus.
767U66
3,183.733
3,156,515
services, ;
for .depreciation
Miscellaneous
871,895
2,576,461
-
Interest and taxes accrued
Customers' advances for construct, of
be
V'
;
^
Maintenance
•
122,203
—63,725,000
payable
Customers'
proposition
|lnal; determination by the. PSC,
14,511,008t
13,841.500
3,525,-623
Accounts.payable>ftw,L/-u--—---fti.-^--.»w.-,,'/-i:'
and prior to such"
meeting
a
letter will be sent to all stockholders giving complete
details of the plan.
Approval of the stockholders is necessary before
.
$7,475,00017,912,300
3,000,000
ft
•
—
Undeclared dividends
Notes
$7,475,000
17;912,300
3,000,000
(no par)
Equities of sub. companies held
/
11,
income of $315,900 (including $240,000
S
cumulative
Common stock
,
//
,
cumulative
,
19,520,236 ,18,189,780 • 3,024
.3,024*
Dividends on* 2nd preferred stock_Y>^/_;;ii^* *;
3,220' 3,220
Common dividends
ft_ft——
3,6734781 ft 3,672,528
rk-
7ft
credits-,;—
1944 a petition wfts filed with the PSC proposing to write
Contrib. in aid of construct, (not refundable),
down the par or capital value of each class of outstanding stock, to
.Premiums on preferred stocks sold
create a reserve to be available When a final determination is made " "
Feb.
On
11942
141,875,120/146,987^872:'
A
Series B 6ft
bodies, both State and Federal.
Revision of :the. capital structure to enable the resumption of dividend"
payments upon the preferred stock was diligently studied and con¬
sidered throughout the year, and was temporarily put aside because
of the accounting proceedings involving unusually important changes
and. adjustments, which as of Dec. 31, 1943, have been completed.
.
:
_•
;
LiabilitiesSeries
a
regulatory
7,142,000
6,777,000
1 ■ r/ft■ ft :• ■ r , •• .//ft
5,009,228
-'ft
the rates which
on
1943
A/Total
problem.
utility is allowed to earn on its
property devoted to the public use, This allowable return has been
forced downward progressively during the past several years
by all
'
: *58,137
203;540:-ft ^ 150,420
income—__ft
on
Dividends onrist-preferred stock———.,—
,
•
..'ft/ftV
Income
Net1
reserve
The problem of-preferred dividend arrearages is also insepa¬
rably bound up with the dividend rates paid. All stockholders must
realize that the amount of money available for them depends, in a
- ft289,-550 /11*170,481'
* (het)
Federal taxes
the final determination of the depreciation
share.
a
inc6mev^i-i-J»y«i-i-YYw—ft—•• 12,440,78T.V-11,596,965'
interest.< pafd
'
11,388,408
-
• -
- -ft—
'
r
^Income>'of subsidiary company^Y--Y-/r--^
/ V' Total'
manpower
are
In connection with any capital revision, consideration must be given
to the ability of any regulated public utility to earn under
present-day conditions sufficient* return to pay dividends of six and- seven dollars
52,154,816
2,534,592'
^
^12,237,247
-
that company/-'——-——ft'
' > vestment 'in
Net
■s
j._J—:
Piggly Wiggly Corp. --- and book profit on sale of a*portion of in- ■■■:-•vi
"
1944
/
t/ft tatton
expenses
states;
for
for service has been successfully met, not-j
and material shortages and restrictions.
'
naturally interested in the prospects for dividends.
However, before such action attention must be directed to the necessity
for some revision of the capital structure sufficient to create a reserve
withstanding th^
warehousing and transpor¬
expenses
Operating, general and admin,
be
:
—«
Company
further
will
'
utility plant.
Assets—
IncreasetTi demand
Every
■:^
results
income for the year
new
Utility plant
128,630,325 134,765,579
Capital stock expense
1,879,140
1,879,140
Other physical property ft-1,254,822
1,239,523
Bpecial deposits and funds.^fti...„i.ftft._/
1,422,289
1,444,334
Miscellaneous investments
19,216
16,516
U. S. Treasury certificates, at cost—
'
100,000
Cash
2,925,771
1,694,650
Acc'ts receivable from customers (less reserves)
2,434,826
2,416,810
Other accqunts receivable
128,701
157,275
Materials and supplies, at cost
'
2,335,979
1,955,471
Prepayments
;
282,582
120,329
Deferred debits
461,469
1,298,245
-
Future' Prospects of
^
the; operating
.Unvested in
Comparative Consolidated Balance Sheet, Dec. 81
<
'
..
-
——-
incl,
.
,
cannot, under present
war conditions,
be estimated. It is believed, however, that when the
present ; wartime wholesale power demand decreases, new housing In..'
the territory will lead to increased residential and commercial ousiness.
52 Wks. End, 53 Wks. End,
Period—Jan. 1/44
Jan, 2, '43 •
>
,
'
^
.
and the. combined gas departments were serving
Barrett,1 President;
Edward. F.
.
Kroger Grocery & Baking Co.—Earnings—
'
•
^
'gas during
of
in Income taxes and thus an increase in net
.1942 of approximately $620,000.
:
mcf.
At the end of last year, the System had 197,332 electric customers,
/
270,295 customers, a gain of 4,885.
.
9,260,171.7
tion
The. 1942 peak
■
Depreciation
2,067,159. - -i;766,909
i•/ft/// (
Eenegotiatlonr^of Oovernineht-Contracts:' ft-/
/The Camden. Trust, Co., trustee, Camden, N. jr., will up to and incl.
Taxes (incl. pro v. for est. Fed. income tax)—
2,951,965. ...">2,118,235
*>C During- the year ,4ehegbtiable/ Government contracts for -1942- were >
March 25, 1944 receive bids for the sale to it of 3'/a ft bonds of the
% settled with a net repayment of a negligible amount to the Govern¬
above company, dated Jan. 1,
1937, on properties in Atlantic City,
'Operating. income
$3,358,070 • $4i021,967 ; N.
ment, which was charged to 1943 operations.
Company has continued
J., at .prices not. exceeding par and int. to date of redemption
Non^operating^loss :v (net)/■!'■'* 3,037
;
4,104 the production and sale of materials and supplies to various Govern¬
(March 31, 1944) to an amount sufficient to exhaust the sum of
ment agencies, some of which may be subject to renegotiation. Provi$13,449.66.—V. 157, p. 1271.
Z ;6ross<
$3^355,033 V $4,017,863
sion which is believed to be adequate has been made in the accounts
Deductions frwn, gross, income-^---.^^...;
.1,426,350 . »1,682,126
of the current, year for any repayment which may have to be made
j, t
I,- ■f
!-v
•.... 11
Lone Star Cement Corp.~~Halves Dividend—
in'the renegotiation* of Government contracts for the-year 1943.
•
>• Net income
for the
$1,928,683 *$2,335,737
ft A dividend of 37Va cents per share has been declared on the com¬
Bank Loan
Reservations by orders of P. .S.;Commission to:
<
/ "
mon
stock, payable March 31 to holders of record March 10. " Quar¬
Earned surplus appropriated Unv/ in new
'
;
1 ;
/
;f During the year a further reduction,*of ,$1,400,000 was made in- ihe
terly: distributions of 75 cents each were made on March 31, June 30,
: ■ ?
utility, plant)432,000- '
loan'under the revolving .bank credit,-resulting in a balance of the ,:
Sept. 30 and Dec, 23, last year.—V. 159, p. 639.
for
615,000
400,000
h loan at the end of the year of $12,600,000. The full amount of this j/Reserve for sinking fund——,—
*
Reserve
discharge of unsecured notes
300,000
200,000
credit, namely $15,000^000; Is available until Oct. 15, 1946^
ft'/1
/
*
-
-
•
,
,
——
.
Lukens
Consolidated
•
Balance
Sheet,
Jan.
1,
1944
hand
and, demand deposits, $15,234,498; notes and
accounts receivable, less allowance for losses, $3,743,269; inventories,
$46,012,694/ store and general supplies, $852,112; prepaid insurance, .:
rent, taxes, etc., $429,035; stocks, bonds, mortgage notes, etc. less
allowance for losses, $114,833; common stock of company held for
sale to.officers, and employees (11,689 shares), $305,834; post-war re¬
fund of excess profits taxes, $109:700; investment in subsidiary insur-.ance company not consolidated,
$995,500; land, $1,326,766; buildings,.
\"i machinery and equipment-,(less allowance for depreciation and obsolescence of $22,089,287), $15,027,895; deferred charges to future oper¬
ations,' $499,857}- total, $84,65I,993v
/ - : y
5 v* :
Assets—Cash
on
the*
and 5.%
increase
in
/
*y.
ft
*
,
ft
Steel
-
and
f
Comparative.:Balance -Sheet, Dec., 81' (Company only) ;
Assets—
a
~*1942
"1943
J
r.-
"
'Cash"
•
receivable
from
customers
(less
'
res.)
Materialsv and
1,364,271'
supplies
• 63^780-* '•
.'728,783;,./
"
'
Total
'
$85,775,337 $90,471,854
Liabilities—
Series A
Series B
mortgage bonds.
7ft
6ft
preferred stock
preferred stock
$7,475,000
17,912,300
$7,475,000
.
17,912,300
,
May 1, 1940.
.
Earlier payment
^
,
,
Customers'
.«■
made-possible, Mr. Brown explained, by appro-
was
Interest
pany also will have, as of May 1, 1944,.paid off $4,674,973. deferred
interest on general consolidated mortgage bonds, leaving a balance of
L $1,168,743 to be paid." Interest has been paid in full.on general conY solidated mortgage* bond3, effecti*ve; with the May 1,1944," coupon.—- :.
V. 159, pr552„
,
Miscellaneous
Premiums
Neb Income
in
placed in reserves
according to the
annual report sent to Stockholders by Edward F. Barrett, President.- -For 1942, net income was $2,335,737, of which approximately $620,000
represented lower* income taxes as a result of bonded indebtedness
refinanced during that year. After reservations ordered by the PSC,
the balance of Income carried to earned surplus in 1942 was $1,303,737.
Operating revenues during
1943 totaled $15,562,601, a gain of
$964,288 over 1942 revenues of $14,598,313.
Declaring that increases
in the electric department revenues are due principally to the greatly
a
net
$1,013,683 to be carried to earned surplus,
of
.
reserves
and
deferred
credits^.i__.
1,528,107
78,970
73,769
8,703,621'.
•
.137,598
214,875
1,955,957
(not refund.)
1,941,372
153,208
73,106
4,544,000
preferred stocks sold„__:_
153,208
Capital surplusi credited to utility plant in 1943
tEarned;
•
v.
1,115,000
.600,000
.
Darned't,surplus^-;. 139,205/,
Total
.
>
109,395 ?
$85,775,337 $90,471,854
:—
.ft ^.Reclassified
for
comparative purposes.'
,tAppropriated by order of.
P.S.
Commission • (invested- in new ^utility plant)/ transferred; to
earned surplus in' 1943,
fFrom income by order of P. S. Commission
for
sinking fund and unsecured notes.
Comparative; Consolidated
$l|928,683, of which $915,000 was
by order of the Public Service Commission, leaving :
2,243,969
fReseryps appropriated
Co.—Annual Report—
amounted to
1943
on
1,482,832.
961,889
^
.
accrued^____:
Contributions in aid,of construct,
,
Long Island Lighting
taxes
Reserves' for ^depreciation-10,601,545.
•
•
deposits
and
Customers' advances for construction of services
;
Income-Statement
From sale of gas
.
"
'Miscellaneous
•
increased
demand
has
."There
equipment
been
for
large
a
war
by
electricity,
Mr.
growth in production
industrial
for
plants being
served
Barrett
of
Operating, income:$5,207,758
Non-operating loss, (net)
;
3,945
,
Sales,
}
Gross, income
v_„
a considerable increase in the use of electricity by the Interest on long-term, debt .*.ftft;wJ—iwft
Railroad, due to the transportation of greater quantities f : ..Other-:.
interest/ineL-^-:.-.w^t^_w„^«/^
a larger number of commuting workers."
/ .Amortiza tion of
debt discount, etc
Mr, Barrett reports that residential electric revenues gained, despite
^Dividends on cumulative preferred., stocks of
dim-out regulations in effect during most of the year, but that com/ subsidiary companies held by public^_wl.._
merciarelectric revenues continued to decline, reflecting severe light- '
has
also
been
$5,203,813
-
to
.
restrictions.
Gas
sales revenues continued to improve
the report.
Annual taxes for 1943,
lent
to
19ft
the report indicates, were $2,951,965, equiva¬
of gross revenues.
Interest on long term debt and other
and' fixed charges was $255,775 less than in 1942. .
Last year, Long Island Lighting discharged all its' notes payable,
including the remaining balance of 3 ft serial notes, which were out- •
Standing in the aggregate amount of $1,978,600 on Jan. 1, 1943.
According to the report,; the depreciation afcerual last year Was
$2,J,05,375..r Depreciation reserves on Jan; 1, 1944 .amounted to $10,i. 598,966,; equivalent, to. approximately: X&% t,oi depreciable, property^ . Ailrtime
records were- reached, when the. .System's net generation
ofveletrtricity rose to 609,052,186. kwh„ a. gain of 22ft, and when-.
interest
■
,
according
-v;-
and
1940
fiscal
,
ft
Consolidated Income Account
Oct, 21,'43
•
net of discounts,
allowances^
and
—
/••Profit * ft—$7,828,066
Other
ft-
•
before
preciatlon.
on
bond. Interest,
$6,773,490
230,358
v : 850,916..
/
■
,
;850(916
.
186,296
de-
,
debt-—-—-——
1,060,057
Extraordinary expense
Adjustment-prior years taxes—---Loss on retirement of plant assets
and
fire
Federal
tEarned
,
;.;
1
Balance of
$5,039,055
184,731
.
946,771
/;/—.
^8,312
.*
_
.
*
.
-
—
State income taxes—_
729,000
980,000
1,062,000
*3,591,000
733,000
2,920,000
330,000
633,000
$1,317',281
381,571
$1,172,522
317,976
$2,195,605
158,988
327,976
$4.14
327,976
$3.68
■
16,949
317,976
$6.90
for
on
profits tax—
contingencies
;
$1,649,473 *$1,929,586
Net- income———————
surplus .appropriated
432,000
Reserve for sinking fund
Reserve for-dischaige of unsecured notes_„
w
892,632
292,039
148,300
excess
Provision
Net income for year
Reservations by orders of P, S. Commission
f'v
.
inventory——
loss
Federal and
$5,029,337
9,718
$6,780,785
Dr7,295
—
etc.
funded
29,241
$7,857,307
(net)*——-
income
Interest
$5,743,856
2,734,760
162,617
.68,969
Oct. 11, '41
Oct. 10,'42
returns and
$52,338,397 $43,990,463 $30,883,591
Cost /of sales (excl.- depreciation)--, 42,447,676
35,433,896 24,250,110
Selling, admin: and general expenses
2,062,655
1,775,782
1,604,143
■
•
$5,747,284
428
2,492,166,
.127,716
83,542
war-material and
jng
average
the
Depreciation,
Long Island
of
was
in
.
Income
.
and ;•
by the company.* There*;
week
52 Weeks Ended—
.Total operating, revenues,,«^l,_/»^>vw—^- $25,615,675 $24,265,887
Operating expenses w-i.—11,292,290
10,660,418
Maintenance
1,569,841
1,470,998
Depreciation
2,842,529
2,540,339
•Taxes, (incl, prov. for Fed. income tax)._^-r__
4,703,257
*3,846.848
declares,
materials
factor
By-Prod uots
emergencies.".
•
•(
-
a
1942
1943'
$15,288,410 $14,337,594
10,151,625
9;755,253
v" • 175,640' ft: 173,040
prices were frozen have amounted to more than
weekly wages received by employees of
Luke n weld
which have, increased from
year to $50.50 a week in the 1943
fiscal year. The increase In wages results from: (1) the two Increases
totaling 15l/2 cents an hour, given workers April 1, 1941, and Oct. 15,
1942;
(2) overtime pay reflecting the establishment of the 48-hour
week, and (3) increased earnings under incentive plans owing to in¬
creased productivity.
/- The- report disclosed that the company had purchased - $634,000 of
its;. 4% ft. sinking fund debentures during the fiscal year, of which
$298;000 were retired through the operation of the sinking fund and
$336,000 are held in the treasury. As of Oct. 9, 1943, $1,566,000 of
the debentures were outstanding in the hands of the public, com¬
pared to $2,200,000 outstanding in the hands of the public on Oct.
10, 1942.
"The company appropriated for the 1943 fiscal year from its own
funds the sum of $1,470,825 in addition to an unspent balance from
the
1942 appropriation of $408,968 for additions and improvements
to plant and property and actually expended during the year $963,978
for such additions and improvements.
The majority of these expen¬
ditures were made under certificates of necessity and will be subject
to amortization in five years under the tax laws;
As of the beginning
of the-1944 fiscal year there were outstanding unspent appropriations
for additions and improvements amounting
to $915,815."
The report also stated: "Our companies are producers of steel plate,
including armor plate, parts and equipment for submarines, lauding
barges, escort vessels, destroyers, other warships and merchant ships,
component parts for anti-aircraft guns and Army tanks, and other
types of armament materials,"
Discussing the outlook for the three companies, President Wolcott
told, stockholders: "Although production for war has been the primary
concern of everyone in our companies, we have nevertheless been able
to initiate a comprehensive survey of all phases of our business to
frlace the company in the best possible condition to meet the future.
Included, in the survey are intensive studies of probable markets.,
product development, and operating methods; increased research to
lower
costs,
improve present products and develop new ones; and
conservation of our financial resources as a safeguard against future
(Including Subsidiaries)
Operating" revenues';
'ft
Prom sales, of electric, energy
since,
It shows that taxes per share of common stock in the
year tyere 25 times greater than in the 1940 fiscal year.
fiscal
$29.60
1,049,569
Prepayments;-ft/:/,>ft-.61;39»'
Deferred: debits382,991v•
trend which is
.
1943
■' 106,320 *s
78,273
1,217,474
;
a
a
Institute
Lukens,
1,370,797'
;
*
sharply than did sales,
prevailing in the industry generally. This was
recent statement issued by the American Iron and
which declared that increased costs assumed by steel
by
$528,000,000 Or about $8.40 per ton of finished steel shipped."
'
/
ft The report also traces the trend of two factors contributing to the
The -other
D9i3;953'-- 964,07D "•
Accounts
Other accounts receivable
Report—
disclosed
was
higher costs.
Dtility plant ^_r±^L;"/jA_l^_:>i./.^l.^ $70;651i727"$75^85,301"
'Capital stock* expenses ft;_^_Z.ft_ia^-„_^ic__*1 ,"056,938
1,050,988
-GtheguphysiicaDproperty fat costjij—ui—
(• 561,706
582:547/
Invest, in stocks & accts; receiv. from suE; cos.
7;5O(T;04:J
7,548-,972
Special deposits and fundsfft^-l---.-—------ *
980,187 - ; 1,008,400
Miscellaneous investments'
•_%
,< 12,326' '
12,326
Deferred Interest
priating. $2,002,078 out of net income for the sinking fund, which
already contained'$352,325 from the net income in 1942.
The appro¬
priation, in turn.' was made possible by paying $1,275,000 into the
capital fund under the company's financial adjustment plan and ,agree¬
ment"; of Aug. * 25, 1938,- rather than paying $1,639,279, as also could
-have'- been done, he-added.
,Net income for, 1943, as determined by the plan, was $5,464,265,
;-:.M]r;:'.Brdwh'. Announced,
-•*
-He also announced that since Aug. 25, 1938, the company has paid
off $10,264,000 in bank loans; PWA notes and RFC loans.
The com¬
clear
manufacturers
.1
■
1
year
"Costs thus increased more
made
Common stock <(3,(*)0,000 no par shares)-, 3,000,000;
would not have been made
3,000,000
until Nov., 1, 1944, and May 1, 1945, respectively, would amount.to
Dong-term- debt
39^558,000: 40,563.000Notes; payable) -^^,------^---------1--.--.--^*'
$2,337,486,* Mr. Bro$nti said* after a directors' meeting, and would
1,620,600: ft
represent 75 ft of the jnjterestycouporis ■ due originally on Nov. 1. 1939; y Accounts i payable —v: 447,897'
470,968
-
the
in line, with conditions
Payment of the coupons, which normally
,4
'
for
!S
income ' for
net
report
that manufacturing cost of products
$43,313,261, or 19.5ft more than the cost of
products sold in the, 1942 fiscal year. Commenting on this, increase,
President ".Wolcott saidi
sold
the major-"
refinancing of the
an
Steel Co.*-Annual
The. annual
Commission,
the; P.
yjea^ 1942;'bf 'appr^ximatfely ($620,OOOV;
v.
will pay on May 1
4 Va ft
;
1
•
President, on Feb. 23 announced that the company
two deferred coupons on its general consolidated 4ft,
W; Brown,
of
reduction, in' Income taxes' and' thus
a
:;CpU^OD0^|:i|^g
R.'
-with" orders
*
of the redemption premiums paid in the
long-term debt' of company together with, the net unamortized prem¬
on the securities retired
in 1942 were charged to earned surplus
on
the books* of the company.
These refinancing charges resulted in'
,
;
accordance
portion
ex¬
taxes, etc., $3,708,441; provision for Federal taxes; current and
prior years (less U. S. Treasury tax savings notes $801,600), $7,363,356;
dividends payable, $9,784; notes payable,'banks; due Oct. 15,* 1946,
$12,600,000; "reserves for contingencies, $2,000,000; reserves for risks
hot covered by insurance policies, $512,385; 6ft '1st preferred stock,
'(par $100i. $50,400; 7ft ' 2nd preferred stock (par $100),: $46,000;
common stock
(1,848,278 shares no part, $33,977,568; earned Surplus,
$15,840^814;f total/$84,651,993.*rr-V. 159; p. 639.
/
/
:
: ;
Pay Two
1
.
ium
penses,
RR.—To
'
„
*In
^l,iabilities4^ccountsipayable/yendow/etc./ $8,543^245; accrued
Lehig;h Valley
,$1;013,683^$1;303,737
Balapce pL
.
(
.
^
615,000
300,000
income --------$734,473
:•
Dividends
400,000
Outstanding com, shares ($10 par)
Earnings per share——
200,000.
'After
*.$897,586
*In accordance with orders of the P. S.
tion of the redemption, premium's"
Commission, the major por¬
paid In" the'refinancing of the long-
term debt of. company, together, with the- net unamortized premium-
on
.the .securities-retired 4n .1942, .were charged- to earned surplus en the
books; of the1 company.^These refinancing 'charges resulted in a reduc¬
on
common
.
deducting post-war fund of $399,000.
ft
Consolidated: Balance Sheet; Oct. 9, ,1943
.//■'■ft...
•
stock—
Asscts-J-Cash
on
ernment securities
hand
and demand deposits, $1,899,806;
U. S. Gov¬
(including $5,125,000 Treasury notes, tax series C);
receivable,. $2,907485; inventories*
$7,119,598; property, plant and equipment at cost or less (less allow-.
$10,392,165
notes
and
accounts
.
" THE COMMERCIAL & FINANCIAL CHRONICLE
844
U.
the
accounts payable (trade), $1,611,560; accrued accounts,
$5,910,844; other current-liabilities, $324,183; sinking fund debentures,
4^4% due June 1, 1952, (less sinking fund payments, for redemption
of
debentures, due within one year of $530,000), $1,372,000; work-*
men's compensation claims and awards, $55,135; note payable, bank,
for industrial plant facilities, with collateral, $1,803,467; miscellaneous
reserves, $1,109,761;: common stock ($10 par), $3,279,760; capital sur¬
plus, $3,760,209; earned surplus since Oct, 21, 1933; $4,412,649;
stock <10,000 shares) held in'treasury; Z)r$100,000; total, $33,539,569.
—V. 159, p. 640.
. ,
'
'' \
$10,000,000;
of
dividend
istock,
par
declared on the common
share has been
cents per
5
15 to holders of record Feb., 21. ^Pismade on March 16, June 15, Sept. 15
15, last year.—V. 158, p. 2582.
$1, payable March
(R. H.j Macy & Co., Inc.—Plans to Distribute New
preferred Stock to Common Shareholders—■ Dividend
of
158,, p. 147,4..
of six ©ents'per share-has been declared, payable
stockholders of record Feb. 29.
This distribution is
March
15
to
dividend and interest income after company
expenses.
Payments last year were as follows: March 15, seven cents;
June 15 and Sept. 15, six cents each;
and Dec. 15, seven cents.—r
V. 159, p. 9.
derived
Co.—New Dir.—
Massachusetts Mutual Life Insurance
York, and XR. De Witt Mallary, Spring¬
field, Mass., attorneys, have been elected directors.
Mr. Montague
Vill serve for three years, filling the vacancy caused by the death of
Huntington B. .Crouse.
Mr. Mallary was elected for two years.to
"complete'the' -unexpired' term 'of Fred C. Sanborn, resigned.
: ■
Montague, New
Gilbert H,
report to policyholders, President Bertrand J. Perry
Massachusetts Mutual's invested assets in Govern¬
$49,190,000, or more than the total increase iri
'w *
* • *'. ^\
~ '**j,r
..
^
1
> *
•
annual
his
In
in
that
said
Operating
Oper.
'
amounted
payments
$43,874,651,
to
that
policy
Total income, excluding policyholders' funds left with the com¬
pany, was $95,137,111.
A surplus increase of $6,632,073 for the year
v.as
added to the funds for the further guarantee of future benefit
&
taxes
Life
in
insurance
increased
force
to
$62,886,583
income
of $2,118,-
031,459, a new peak since 1931, and representing 543,159 policies.
In
addition, there were in force at the end of the year 13,077 annuity
which
under
contracts
life
736,115.
for
providing
23,780
contracts
'$13,428,000.
New
than
more
$3,750,000
annual
future
paid last year, and
was
representing
a
annuity contracts were
the
by
Massachusetts Mutual
$137,-
were
15% gain for the year.
In addition, l,72t
purchased, providing $1,057,200 annual income
!XX%:XX'-'::x
payments.
'
showed
assets
Invested
'as
of
payments
income
interest rate of 4.04%
gross
a
for the year,
in 1942, while the net interest rate was 3.44%, com-
against 4.31%
■pared with 3.64% in 1912.
XX
The existing schedule of policy .dividends will be continued this year!
These payments amounted to $8,750,587 last year.
In 1944 interest
will be paid at the rate of 3% on dividends left with the company to
accumulate, and 3V4.%
on policy proceeds left with the company for
future
payment.—V. 157, p. 731.
&
on
on
the
March
4.
pared
share
made
on
share
holders of record
to
Sept.
last,
15,
as
com¬
50 cents each on March 20, 1943, and on March 20 and
1942, and an initial of 25 cents on Dec. 20, 1941.
also declared a regular quarterly dividend of $1 per
the $4 cumul. preferred stock, no par value, payable April 15
directors
on
holders
made
was
was
15
per
with
The
to
dividend of 65 cents
a
payable March
$18,
par
distribution
similar
A
20,
Sept.
•
stock,
common
declared
23
of
April
record
debt disct.
of
Amort,
Misceli.
distribution
of
like
amount
firm
in
Seattle
Northwest.
the
years
was
of
per '
Division;
cf that division
an
officer
and
a
of the company,—W.
director
159,
«tock
>
'
v *"
5,73l,69d
5,503,463
4,763,636
90,995
1,741,727
1,807,129
181,946.
2,059,081
2,128,252
$438,731
17,818
45,189
$6,502,827
$6,096,529
150,226
62,473
$456,549
$6,653,053
$6,159,002
;
res.
174,213
$518,809
H.403
charges
)
$530,212
206,075
■
259,753
."$196,796
38,538
•
*%
$4,181,531
$2,533,207
957,534
-J.
957.534
$2,341,405
p. 217.
Consolidated—Earns,
Power
Light, Ileal &
Gross
120,000
1,784,130
1,784,130
t$6.60;
2,140,908
^$0.87
plant
Miscellaneous
investments
(net)—
Materials
supplies-
and
Prepayments
Accrued: utility
\
Total
/••
$2,655,133
'120,000
-
f
1942
1,201,820
1,278,000
4~710
35,682,600
' 39,340,000
40,150,000
2,000,000
.
.
" 349,652
taxes—;
taxes
323,653
4,347,496
,
—
current, liabilities—-—_-x._——_X;—
!——^
Contribution in aid of construction—,
surplus
surplus
Consolidated
.
265,914
12,584,864
1.467.041
—
.-X—!—
!";;■»
"'X
Bondholders'
Cash,
—
107,737,033
53 Weeks
died in
of
:•-«
—^———
—_
1,180,666
5,243,642
X—
■
:'X' X
-
75,612
•
-
X
-
78.405
3,322,838 /•
11,564,928
3,298,583
2,592,744
17,793,226
2,885,753
—
;
624.113
profits
tax
676,396
695.000
270,000
517,416 X
—
excess
—
551,234
Liabilities—
<
.
210,728,399 209l708,606
,
77,828,950 X 78.240.450
X___
debt
:L;:-H.;'iS5'P;'nbtes_X-XiX—" 11,121,050 11,121,050
Accounts payable, accrued liabilities
8,319,181
7.322,504
Accrued interest *
;
x_
1,444,101
1,447,077
Dividend payable
;
1,705,833
1,705,833
Insurance, contingent reserve
4,841,275
4,400,000
Minority xinterests
'
1,142.101
1,204,624
•Capital and surplus (net)
104,325,907 104,267,068
,M.
Total
administrative expenses—
9,705.785
556,304
-
210,728,399 209,708,606;
—
^Represented by 4,489,033 (no par) common shares,
■$348,800 par value of company's own bonds in 1943 and
1942.—V. 158, p. 1640.
* "
tIncludes
$566,300 in
Moody's Investors Service—Earnings—
.
Years Ended
Net
1943
$1,740,750
Sept. 30—
sales
Cost of
-
__
1,441,264
1,473,802
$299,486
sales, and sell., gen. & admin, expenses
Operating profit
1942
•
$1,791,289
$317,487
4,182
1,243
$303,669
8,401
$318,730
121,049
105,131
operations.
$174,218
$205,075
Surplus at beginning of year—
285,907
261,032
$460,125
$466,107
income
credits
104,650,333
*Prov.
52 Weeks
Jan. 1, '44 Dec. 26, '42
$10,798,574 $7,268,034
goods sold—;;——
Selling, general and
;■
1942
'
$
trustee—
-
portion
income
Income charges
Cost
with
funds
_r
Gross
——
XX-'-VX.
Dec. 31
..."
call loans
^jfotal
..
Mickelberry's Food Products Co. (& Subs.)—Earnings
sales
"j
.
*tGovernment bonds,; etc.
Accounts receivable!"
158, p. 2583.
Period Ended
Bslance Sheet,
612,833
327,611
1,982,234
216,783
13,021,995
5,291,133
' /1,584
:
•
Total
Net
$425^000:
•
X-X'-'.-.
$ t'.'XXV-'
Fixed assksX(net)_X--^-;X^Xi-.-.--xX;_;3x^r173,509,531 177,582,604.
Interest in affiliated ,companies____:_
;;_•• 12,016,760
12,327,462
Guarantee deposits
1
x 18,243
,
36,156
•■"-•Assets
Other
-V.
*
1943
,
750,000
500.000
'
;$375,285:X': :/.$898;299'::;:";'$448i061X
-A
»
337,063
340.442
790,000;
1,450,000
1,314,464
———
Capital
20,000
750,000 "•'
441,27$,
—
2,000,000
38,752,700
($100 par).—...—__—.——
local & miscel. Fed.
State,
Miscel.
X'
Funded
~
_XXXXX
*
1_——X—__XX—
income
•
$1,718.081'
20,000
•Refundable portion of excess profits,tax not included: 1943,
1942," $270,000.
"448,038
deposits, etc..-,—;
303,073
4% serial notes, current
/.
810,000
Notes payable
;
—
—_—
Accounts payable
—
1,323,629
Accrued interest
———
576,295
Federal
6,733,550
6,733,550
1,277,273
Customers'
Accrued
:
$X
788,559
1,248,049
-
7,117,818
$1,668,299
jPrepaid deferred charges
—
;
credits
Deferred
:
20,000
Balfhice, 'siirplus
X
f$7.10
2,289,955
——
cumulative preferred stock
stock ________—
6%
-
1,784,130
107,737,033 104,650,333
;>"M
6,733,550
$1,586,560
750,000 X
5,459,203
2,366,092
1,049,748
——
$8,451,631
;
Inventories
obligations
Liabilities—
1,085,521
$8,401,848
———
Refundable
assets—_—
current
$7,366,110
951,513
X.
3,634,544
revenues.:
Government
S.
Other
fund
Extrg, ^depreciation
Contingent reserve
5,564,313
——
—
$7,450,335
.
—
•
3;4,944,931
XX---—X:X.Xi
Accounts, receivable
4.494,940
$8,320,110
___X;
—
Balance
.
Pension
1943'^V
$ XX-'
■
3,128,011
5,898,193
863,742
Balance
••(■Netxlncpme.:
; 90,426,645 A 90,093,819
135,861
!_!_X—
175,800
:
"Cash
U.
.___:
charges
'X"
3,146,355
:
259,178
(par $14).
'
—
3,132,606
6,315,
;_x_—
jtJon-operating revenue
tOn 356,826 shares of com-
i
Utility
7,926,201
$7,456,368
X
_X—X__—X__'_
Depreciation
Cemparative "Balance" Sheet,"Dec. 31 ' '
Xi;':'Assets—% - .XXXX''"XX..
8,671,685
8,302,094
Operating expenses
maintenance, State, local and Federal taxes
§On 2,768,050 shares
$100).
(par
1941
$33,468,661 $30,033,079
9,789,892
8,515,341
Fixed'^charges ::I;X-_XiXX_———l
*
1942
1943
.
$35,509,955
•Taxes
•*28,424
f$6.22.
•
.
-1
revenue
Dividends
$2,338,438
120,000.
$2,529,934
'120,000
$3,298,939
$3,223,997
preferred stock for period______
Calendar Years—
r
Cr54,819
_—
2,860,063*
2,471,522
$324,137
,,
._^_X_X__._i__x_XX_xli.
^
Montreal
1940
(X
.
54,788
depreciation,
"
739, 352,
pp.
5,872,009
635,658
593,480
X
income
—V. 159,
$4,l5l,"144- $4;636,512
: .208,172
,
; 26,349
.36,501
-
618,739
624,064
" X
X_
©per. revenues;.
income
(net)r—
Net
,
'
1928
Charles F. : Michaels,^Chairman of the Board of Directors,
Francisco, Calif., on Feb, 20:—V. 159, p. 739, 352.
(
•"
*'
r255;088 V.
251,188;54,171 J1- jsf.40,485;C'
248,626
"
(tax return of affiliated holding company.
Co., of Seattle, when that
into
McKesson & Robbins as its
continued for several years as an executive
he
and
and
1943—12 Mos,—1942
$1,966,069 $21,679,107 $20,587,23(5
.580.Q00
in
$425,781
for
director
taxes..
Divs. applic. to
operating expenses.
?After deducting $520,315 in 1942 and
1943, difference due to inclusion in consolidated Federal
other
and
Death of Chairman of the Board—
•
;
been
?
1943—Month—1942
$1,955,755
___
taxes
.;-Balance
'
&
share._V—-
Earned
had
He
in
$594,451
exclud-"
Interest
the Stewart & Holmes Drug
incorporated
990,825
$993,278
income !
;
1,624,433
pfd.
••<■ Includes
t
H.
business
$1,585,276
986,994
,
revenues
Gross
1,700,889
!r
19,237
deducts..
other
Earns,
directors.
many
$1,980,272
'
$4,662,861
income—
dividends„__
Common dividends.,.—;
6 %
Ballinger, of Seattle, Wash., has been; elected" to the board
A
partner in the law firm of Venables, Ballinger &
Clark, Mr. Ballinger has long been identified with the wholesale drug
John
of
$133,009
pfd. stocks for period
taxes
Other
miles of
462,200
-
•
1941
-
Reserves
New Director Elected—
$3,225,908
1,685,808 *
$71,972
!
$3,531,270
1,712,538
___—„
Prop, rt. '& deplet.
appropriations
1,686,767
Net
,
,
$262,492
138,101
450.
direct
Other
$4,359,316
charged to constr._
Int.
5,913
6,513
$205,476
134,036
——_—r_
p.
/
$3,524,757- $3,219,995
3,139.
25
_________
expenses,
Federal
1,655,800
i_v—
expenses
last.
15,
Jan.
on
An initial
4.
Oper.
% ing
$4,472,775
Common
Robbins, Inc.—65-Cent Common Div.—
Feb.
-
173,721
;
.
General- interest—14,195
iong-term debt
McKesson
The directors
6,860
.
Montana Power Co.—Earnings—
$4,475,250
long-term debt-
on
Deferred
sales
insurance
;67,884
-
income—i
Gross
Int.
"
total
a
Years
$4,299,054
$4,407,366
income'_L
oper...
Other
high.
'payments, making the total of that item $31,884,716.
6,886
574
$259,353
Period End. Dec. 31—
'
daily average
a
proceeds and other funds deposited and left
with the Massachusetts Mutual now aggregate $168,319,758.
Admitted assets increased $53,064,754 in 1943 to $863,401,471, a new
added
159,
Operating
$31,461,788 $28,084,651 $24,733,942 $24,140,479
t27,054,422 123,785,597 ; 20,582,799
19,503,967
revenues—,
exps.
Net
\
$120,000.
over
He
913,41-$
750,000
"
194,2
1943
,
_
1943
benefit
Total
of
©wned} about 260
Calendar
Account- for
Income
ment ;boiids increased
invested assets
Balance.
—V.
■»
pipe
in
customers
'•
Results lor Year 1943—
i
!
Net
services,
from
entirely
750,000
574
Dividends applic. to
.
lines, 4,260 miles of - distribution mains,
629,500 meters in use and distributed ,gas( to
all of its districts,
—
' ■ '*'
^transmission
•active
distribution
A
"
in the courts.
Michigan.— «
the close of the year the company
At
■
Distribution—
Maryland Fund, Inc.—Six-Cent
944,029
••
abeyance,
■State of
.-V
x
78,821
62,500
*
$205,451
income
Net
Property.—During-the year the company added to its utility plant
by the construction of additional facilities and by the acquisition of
the properties of Big Rapids Gas Co., Mecosta Pipe Line Co., Ameri¬
can
Michigan Pipe Line Co. and American Production Co.
Company
mow
distributes gas 4n eight
areas,
designated as Detroit, Grand
Rapids, Muskegon,, Ann Arbor, Ludington, • Mt. Pleasant, GreenvilleBelding and Big Rapids Districts, all of which are located within the
,
..
1,623,264
________
charges
Interest
of counsel for the company, the ordinance is invalid
unenforcible.
Company proposes to contest, the validity of the
ordinance
Co., has, been
President of the City Investing
Dowling,
W.
Robert
jelected to the board 0?
1,790,470
62,500.
income——'
Gross
In the opinion
^
3,044,749
.175,197
revenues.,
oper.
Other income
Excise Tax Ordinance—On Nov.
30,
1943,. the Common
the City of
Detroit passed an ordinance purporting to
annual specific excise tax, for the .calendar; year 1943. and
for each year thereafter,
against individuals, partnerships and corpo¬
rations
engaged in. the manufacture and sale
or
the distribution
and sale or
the transmission and sale of gas,
electricity, or steam.
The
ordinance
provides that the tax shall be 20% of the gross
revenues derived from sources within the City of Detroit, but that the
maximum amount of tne tax shall not exceed the revenue that would
otherwise be subject to
the Federal excess profits tax before the
imposition of the excise tax.
.....
.
,
2,378,238
of
proxy
New Director Elected—
Net
an
and
$9,558,282
225,294
limited-term
of
investments
,
Detroit
statement for the special meeting of stockholders is being
prepared and is expected to be filed soon with the Securities and
Exchange Commission. Mr. Straus said.
He added that it was intended
that application would be made for listing of the preferred stock on
the'New York Stock Exchange.
{
Amort,
shares
In
Council
levy
"J
record of March 8.
A
still
are
$801,739.- $9,394,380
73,601
______
Prop.-ret.> res. -approp.
first mortgage bonds," 4% series due 1963,
serial notes. due serially Aug. 1,. 1944 to 1948, and
of 6% preferred stock >of 1927 \( par $100).
The
adoption by the Common Council of the City of Detroit of an excise
tax ordinance delayed the consummation of these transactions, which
20,000
the
taxes
/
i
Co.—Earnings—
'
the $4,150,000-4%
„
.
X
* ,
.
"X;'-oX'v^
1943—Month—1942 -">1943—12 Mos.—1942
Period End; Dec. 31—
cumulative preferred
redeem the currently
new
of the proceeds therefrom to
'•■
.Operating-revenues _X_$720,628
Oper. expenses, excluding direct taxes-^202,268
federal taxes _____
176,234
$36,000,000
outstanding
will vote in the near future on approving an issue
of preferred stock;
■■
•
,
,
,
.
It is contemplated that 165,607 shares of this preferred stock will
be issued as a dividend to the holders of common stock on the basis
of one preferred share for each 10 common shares.
The remainder of
the authorized issue will be issuable from time to time, under usual
safeguarding provisions, only for cash or property, it was stated.
According to Jack I. Straus, President, it is intended that this pre¬
ferred stock will have a par value of $100 a share and a 4(4 % dividend
rate, and be callable at 107Vi.
The board indicated its intention to
change the quarterly dividend rate on the common stock from 50 cents
to 40 cents per share.
"Should this quarterly rate be continued at
40 cents, each present stockholder would receive annually on the com¬
bined
holding of preferred
and common stocks the equivalent of
$2.02'/2 per share of present common stock instead of the current $2
tier share," Mr. Straus said.
,
,
■X However, the directors on Feb. 23 authorized the (regular quarterly
dividend of 50 cents per common share, payable on April 6 to holders
©f
first mortgage bonds and
of
the use
and
■
!XXX
Minnesota Power & Light
Other
$1,422,078;
(845 shares at cost)", jDr$4,622; total,
p. 12254.
XX?-
contemplated the issuance and sale by the company
series
new
a
stock,
The stockholders
of 500,000 shares
156,
Upon
plan also
excess
treasury common stock
and the balance of
to'American Michi¬
Traction Co.
The
Reduced—
JRate May Be
and
minority
-
tributions of 6 cents each were
«,nd Dec.
and wages accrued,
profits taxes,
$382,062;
other taxes accrued, $25,935;
interest in capital stock and suiplus of subsidiary, $8,284;
$2.40 convertible preferred stock (par $20), $203,920; common stock
($1 par), $242,322; paid-in surplus, $72,363; earned surplus, $348,569;
$6,118;. salaries
completion of these transactions,
all of the outstanding
2,768,050 shares of common stock of Michigan Consolidated Gas Co.
(par $14) were owned by its parent, American,Light•&:Traction Cp.
:
Company used a portion of the proceeds from the saleofthe common
stock to purchase,
in December, 1943, the property and inventories
of
Big Rapids Gas Co.
and Mecosta Pipe Line Co. at a cost of
Approximately $441,000*
*
Ltd.—Smaller-Distribution—
*
^'
(
declared,
$7,179; xaccrued Federal income \
Liabilities—Accounts: payable; $129,950; preferred dividends
;
Pipe Line Co. and American Production Co., wholly owned sub¬
sidiaries of American Light & Traction Co.," in .' exchange 'for;: the
properties and businesses of these two companies.ivThe stock delivered
to these two companies was immediately acquired by American* Light
&
'''
prepaid insurance and rents, $8,612; total, $1,422,078.
gan
-
A
.
'•
stock, of which 150,621 shares .Were sold at
common
to American Light & Traction Co. for cash
shares were issued as partial consideration
68,786
capital
Macassa Mines,
of its new
shares
par
^
goods, $54,847;. raw materials and work in process, $161,179; productive
supplies,. $34,862;fixed
assets- (lesfi
reserves
for depreciation) of
$316,052), $419,308; intangible assets, $128,177; other assets, $48,490;
Report—
;
agreement,
credit
under
V-loan
banks,
payable,
Liabilities—Notes
Co.—Annual
Gas
William G. Woolfolk', President, states jn ■ part:
!.%■' In accordance with a plan of corporate-refinancing developed during
the year,
the articles of incorporation were amended,. changing the
authorized common capital stock from 400,000 shares?(par $100); to
3.000,000 shares (par $14). On Dec. 31, 1943, • all-of the outstanding
356,810 shares of the common stock (par $100) were exchanged for
2,548,643 shares of new common.stock (par $14).
The company also issued, on Dec. 31, 1943, van - additional 219,407
Government,
S.
Consolidated
Michigan,
amortization of $9,833,679), $8,349,850; due
for the construction ■of industrial plant
facilities, $1,803,467; prepaid and deferred accounts, $528,563;v U. S.
Government, post-war refund of Federal excess profits tax non-interest
"bearing, $444,357; other miscellaneous assets, $94,576-; total, $33,539,569.
depreciation and
for
ftnve
from
r " Monday, February 28, 1944
'
,
6,329,277
573,189
.
Net
for
Fed.
income
.•
__i
normal
from
■
income
tax &
surtax.
Surplus before: dividends & other charges—_
Surplus charge—provision for contingencies...
8,524
8,000
8,000
$468,125
$458,107
San
profit
Gross
(The) Mengel Co.—Purchases Additional War Bonds
.
Tho
announced -that it bought an additional
$500,000 of Government bonds during the Fourth War Bond Drive.
%
These purchases bring up to SI,625,000 the total Government bonds
how owned by the company, according to C. O. Meloy, Secretary and
Treasurer.—V. 159,'p. 739.
- 1
:
company
on
25
Feb.
Merrimack Mfg. Co.—To Pay Larger
A
dividend
of
$2 per
payable March
1
to
share has been declared
record
holders of
each were made on March
1
and Sept.
Feb.
Dividend—.
on
.
Provision
fhare
on
March
quarter
16.
the
A
during
on
Feb.
common
like
21
of
$1
1, last year.—V. 158, p. 675.
declared
stock,
amount
1943.—V.. 158,
a
payable
was
p.
paid
dividend
April
on
2583.
1
Jan.
to
r,
of
62cents
of
and
,
$365,SOi'
$536,618
2,267
47,943
per
each
before dividends——
preference stock.
172,200
on
Surplus, Sept. 30, 1942———————
1,540
36,949
53,820
surtax.:
.in
dividends
per
1942.'
common
deducting
■
4.-————.
dividends
Preferred
Common
record
in
tax and
Net ' income X—•_
:
'After
holders
last,
depreciation—_______S_
normal
i.fExcess profits tax-.—;
—
—
Minority interest in earnings of subsidiary....
Mesta Machine Co.—62-Cent Distribution—•
directors
Dividends
•No
269,867
3,846
145,828
4,188
$158,874
"XXX
—_
—*
—i__——-
$124,167
share—
post-war
Assets—Cash,
XX -"'" x
.
$273,093:
$0.56
——:
refund
of
$29,625
.-'X? .x(-x"; x'xv' ::.
Consolidated Balance Sheet,
.
24,470
60.369' X
..
XxX;
in 1943
-
...
24,286
60,369
$0.41
and $16,083
%'
XX •' X '.X
..
Jan. 1, 1944
tax saving^ notes, series "C",
(less reserve of $17,867), $242,511; finished
172,200
$285,907
Sept.; 30, 1943
Assets—Cash, $441,897; U7 S. Treasury notes of tax.series C, $100,000?
S. Treasury certificates of indebtedness, $200,000; accounts receiv.able (less reserve for doubtful accounts of $5,000),
$304,380; inven•tories^at cost), $34,104;' interest receivable, $1,058;
due from em¬
ployees, $4,135; due from Moody's Investors Service, Ltd., $2,423;
treasury stock (2,600 shares of participating preference stock, at cost),
$110,040; trade-names, circulation, etc. (at cost), $189,549; goodwill
(rating system, statistical files, etc.), $1; cash surrender value of life
insurance, $77,742; furniture, fixtures, and equipment (less reserve for
depreciation
of $171,076), $37,907;
investment in capital stock of
Moody's Investors Service, Ltd., at cost, less 50%, $12,485; advances
U.
United States
$51,000; accounts receivable
XX
liability for excess profits tax.
Balance Sheet,
53,230
$295,925
■
Earns,
The
for
Surplus
334
,
the common stock,
Distributions
23.
______
Other deductions-—-———
Federal
$365,568
-v------
income
Total
;
$536,486
132
*
——
Other income
\
(Continued on page 878)
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4259
159
Stock and Bond Sales
DAILY
New York Stock Exchange
«»
WEEKLY
-
United States Government Securities
Below
we
furnish
a
Daily Record of U» S. Bond Prices
Treasury%Z'
•
111.14
—
Feb. 24
Feb. 23
—
Feb. 25
—
—&
>
—
—-
.
—
—
-—
—
{ Low
(Close
...
—
—
—
—
2%s 1965-70
—-Z
—
—
—-
(High
—..._f Low
(Close
—
—
■
'.Z.Z
( Low
Total sales In $1,000 units....—.
—
—
-—
—
(High
—
—
j Low
%s, 1944-46
—
—
—
(Close
'
;
...
Total sales in $1,000 units.
...
Zy/y y/Z:'-Z ZfHigb^^^
—
—
yZZ'—- V'
-
—.
—
(close
Total sales in $1,000 units
'
""
2%S, 1952-55—
...
ZZ-y'
Low
—-
Close
Total sales In $1,000
...
units.
Z-—-
—-
—
Hign
...
....
...
—
Total sales In $1,000 units.
High
■_—
■
...
Low
2%s, 1945-47——
...
....
■
___
$1,000
Low
100.2
100.2
100.2
100.2
1
1
i'
l_.
HOLIDAY
ZZ
_ZZ
ZZ
(High
—
-j Low
100.2
Z—
100.2'
^
7
'
•
ZZ
' '..m.
(close
Z
Z
ZZ'"
100.4
ZZZ-ZZ
"
...
■
|
ZZ;
■
___
101.31
■■■■
•
ZZ^ZZ
Z.
10131
■
___
10131
■
':;~Z;Z'§K
—
—
_
Z"
f
~~~
'
—
_—
—
—
—
—
—
...
...
...
...
...
■
...
—
106.24
106.24
Z.
106.24
...
2s, June, 1949-51.
1949-1951
,
...
___
-
...
...
___
—
...
...
Z!
2s, March,
i
Close
...
...
ZZZ
1950-1952
'High
.
v'
Close
Total sales In $1,000 units.
■
■
.....
'
...
•
2s,
'
"
Total sales
Total sales in $1,000 units.
High
...
...
'High
...
—.
Close
:
2%S, 1950-52
__
Low
Close
l34s 1948
...
—
...
—
—
,
100.10
Z;
'
100.10
2:-
>...<■
$10
Z
—.
-
...
Z..
...
...
...
...
...
...
...
...
Low
Z
-y
...
...
...
:
.
:y
vfZzZiii
•ZyiZ^^.;yy
y"'Z
._..
.Z.
.
: z
...
Low
...
Z>-Z:... Z
#
yMZ
'
-
..
...
...
:
2%s, 1952-54
ZZ.
...
...
fHigh
3 y4s, 1944-1964
vyZ;:Zy;f'?Z':
Total sales in $1,000 units.
f High
.•{ Low
{
ZZ
...
...
,ZfZ
Total sales In $1,000 units
■
(close
3s, 1944-1949
-
Total sales
Home
Owners
<
Total
sales
in $1,000
...
Low
100.I6
100.16s
„„
Total sales in $1,000 units.
•Odd
lot
in
...
$1,000 units
sales.
—
1
.
...
\ciose
Total sales
100.16
___
(High
_J Low
lVaS, 1945-1947
2>/2s, June, 1964-1969.—.
,
___
—
units
»Total sales In $1,000 units.
,.Z
...
'
[Close
...—
...Z
...
___
'
1944-1952
•
__
...
in $1,000 units
Loan
3s, series A,
■-.■ZvZ.Z
Zy";y
___
(High
Total sales In $1,000 units.
'
...
Low
Close
2yas, 1962-67
•
ZZ;
•<
iZy
j
~
.(High
—■
-
'
■
Ek
...
-
-
,
...
Low
(close
Total sales In $1,000 units.
2yas, 1963-1968—
100.10
100.13
100.13
Federal Farm Mortgage
—
'
2%S, 1956-58————
/
100.13
-r-
HOLIDAY
...
...
_r.
f
....
-
Z>
Z.y :y(Close
Total sales In $1,000 units
;
...
-Z;
...
High
100.11
....
(High
...
Total sales in $1,000 units.
100.11
Total sales In $1,000 units—
y
_
-
-
$
......
100.11
(Close
J
..
'High
Z ;
ZZ
ZZZy
...
1
...
—
'
^
(High
1953-55
Z ZZZ
Z;iZ
ZZZ
.
2
'
Total sales In $1,000 units.
.ZZ
Low
.
2s
-f-Z ZZ.
—.
_.w
...
Total sales In $1,000 units
-ZZ
—
...
■■
...
(Close
...
—
Low
—
Z'!:Z .Z
««_
.
»iy..
•
High
ZZZ
Total sales in $1,800 units.
..w
ZZZ
$1,000 units
1951-55....
2a,
Close
2%s, 1949-53——
in
---
v
Low
'"Z ZZZ
...
ZZ
-
ZZ-.
^
-:Z5Z ZZZ
,
\Z
y
[Close
-
"
'
...
1951-1953—....——..._] Low
•.
...
«^.
:
;
.
2s,
r
...
Low
(Close
HOLIDAY
___
.
1950-1952
Total sales In $1,000 units....
' y.-.
f High
•
Low
Sept.,
Z •:
.3
High
Close
y
High^Z
Z—
112.6
;
ZIZ
ZZ
Z_-.
....
112.6
...
'
....
mm""ZZZ
t
___
(Close:;
y
Z-.
-
,-y
/
(High
Total sales in $1,000 units....
...
112.6'
.
Low
-
:
...
■
'
._■( Low
,;.'y
...
...
z,
'
-
Total sales in $1,000 units.
ZZ
___
Total sales In $1,000 units
...
ZZ
Low
yZ
zz(High
( Low
ZycZ.ZZ
(Close
...
...
—
•
__y
2s, Dec,, 1949-1951
___
'Hign
•'*
••ZZZZ^-
■
(Close
Total sales In $1,000 units
—
...
___
Total sales In $1,000 units
2%B, 1960-65
Z—
...
•( Low
y/vZ.y yv';;Z
(High
2%s, 1958-63
y
y(High
Sept.,
I,
\ Low
(Close
M
v1"
Total sales in $1,000 units
...
Low
Total sales In $1,000 units
""
.
..
(Close
High
:-
ZZZ
...
( Low
...
Close
48, 1956-59
>
L_.
fHigh
v'
.
y-
1
—
—
—_
■
Total sales in $1,000 units
—.
—
(close '
•k
—
—
(High
( Low
Total sales In $1,000 units
—
.
[Close
i
100.2
—
—
...
units—J
^48, 1948-51
.
100.2
—..i.t
1947
.—yfZZ
~~
- ■■■Z
.
Close
Total sales in
■
——
i._„
'High
;,'ZZ
Z
'
sales in $1,000 units
—
Total sales in $1,000 units.
.
ZZ—
...
fHigh
—
—
...
ZZ
..%•
*
—
—
Low
Close
—
—
—
—
...
...
y
Total sales in $1,000 units
% Z—f High
2», March 1948-50
Low 1
:';i'
[Close
Total sales in $1,000 units
-ZZ —
—
" • •'
2s, Dec. 1948-50
•<
Low
-
2%s, 1955-60
28,
—
—
—
—
...
1
„
—-
-
Close
'
■
sales in $1,000 units
1956-59-—
Total
Z
High
Low
:"
^
.Z. Z/:Z ZZiZ/• ZZZ Z:''Z.k ZZ ZZ: ZyZyyyyZZ
•—Z
~Z
i.
'
-V
Z
...
Low %
Zy/ZZZlciose k
—
—
ZI
„«Z_
«...
(Close
2V4S
I
IZ
...
•
Low
(Close
iv-'i.
i.__
•
■
_
.
•
...
j
—
—
HOLIDAY
—
Total
—
.-a
Close
units.
3s, 1951-55—
Z v
—
—
—
...
Low
3s, 1946-48—
Total sales In $1,000
'
—
—
ZZ
■
—~
_
f High
2%s, 1954-58
—
...
-Ill
........
—
'
100.15
(High
"
3 y8s, 1949-52.
'
___
—
100.15
Total sales in $1,000 units........
......
—
—
„
...
___
100.4
4
_j
\i;:
^
—
-
|High
*
"
Total sales in $1,000 units
y^/v^Z-'.
—
.........
...
...
100.15
___
(Close
:
Low
...
i
___
i
] Low
-—.
.
—J
3 y4S, 1951-53
—
i
___
100.4
_
...
(High
—
100
100
___
...
Total sales in $1,000 units...
—
,
—
—
___
100.4
100
J Low
(Close
Feb. 25
100
100
100
(High
—
Feb, 24
■■■
ZZZi&^y- '/.Zy^Z/^Z^^
l
—%Z-:
2%s, 1967-72
:Z4ZZ%ZZZ.;'yZ''■
y
—
Feb. 23
—.
___
«.._
Total sales in $1,000 units
—
„
Feb. 22
100
(Close
—
Feb, 21
.
—
...
...
the New York
on
—
(ClOSC
—
—
coupon bonds
...
fHigh
—
'
Feb, 19
fHigh
Vy/y-Wy ■ .VyyZ/yZ
Total sales in $1,000 units
_
Total sales 1u $1,000 units....—.
3Vns, 1946-49
Exchange
point. (See note below).
a
2%s, Dec., 1964:1969—
—
—i,:-,
...
32d of
Daily Record of U. S. Bond Prices
—
—
—
—
or more
Treasury
—
111.14
111.14
*;}%
—-
f High
j Low
——
Feb. 22
Feb. 21
Feb. 19
(High
Total sales in $1,000 units..*...
3
the New York Stock
on
Figures after decimal point represent one
week.
J Low
(.Close
4%s, 1947-52
3%s, 1946-56
taken of such sales In computing the range for the year,
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
Stock Exchange during the current
4S, 1944-54
YEARLY
-
unless they are the only transactions ot the day. No account Is
salei are disregarded in the day's range,
NOTICE—Cash and deterred delivery
845
zzz
...
zzz
___
$Transaction of registered bond,
NEW YORK STOCK RECORD
LOW AND HIGH SALE
Saturday
Monday
Feb. 19
Feb. 21
$ per share
,
53 %
•109
53 V*
110%
$ per share
52%
110
.
53%
110
Tuesday
Feb. 22
I per share
—
—
—
__
PRICES
STOCKS
Wednesday
Feb, 23
$ per share
52 V2
*•110
54V2
112
v
Thursday
Feb. 24
t per share
'53%
*110
iy«
521/2
*50%
55 y8
-
u
*50 y8
--
551/3
*55
10%: 10%
1
107/8
54%
112
1%
Friday
Feb. 25
I per share
53%
*110
EXCHANGE
53%
40
,1%
52%
*50 Va
52%
50
55 J/4
55%
55 V\
300
128,500
11
7,300
28%
600
20J/a
300
5%
137
41
3,700
86
—
6
6,700
137
50
2%
2%
5,000
24%
25%
11,000
40
40 %
26%
26%
*78%
81
1,200
2,400
;
___
9%
10
1,000
146 •/»
147
1,100
*14%-
15
100
31%
For
footnotes
see
page
855,
31%
Par
11,100
112
1^
3,900
1
$ per share
Ahbott Laboratories——-No pat
4% preferred
—100
Rights
Abraham & Straus
Acme Steel Co
Adams-Millis
5
47
Jan
24
53
Jan
3
10% Jan 27
51% Feb
56
—
35%
15
7%
6
Jan
Z—;
,
13
July
Apr
5
26Va Feb
32Va July
20
14%
Jan
21V2 Mar
39% Jan
3
42
Feb
15
38%
Jan.
487/8
Jan
13
82
Feb
17
67
Jan'
57/8 Jan
3
6% Jan
15
.',"124
Jan
3
Z 2Va Jan
6
23y2Jan; 3
37
v
24Vi
Jan
4
Jan
3
Jan
21
9% Jan
3
70
137
Jan
;
3%
85
25
Z
' 2'/a Jan 11
267/e Feb
3
41V2 Feb
27% Jan
18
Feb
14
10 V2 Jan
25
77
12
Sep
71/b
Apr
Jan
128V2
Dec
Jan
5/a Jan
Jan
45%
18Va
Jan
64
Jan
31J/2 July
75
May
7
Jan
Jan
7
140%
Jan
16% Feb
5
10%
Jan
No par
30
Jan 25
32% Jan
7
I6V4
Jan
150
3V4July
32V4 Sep
13
•
Jan " 4
142 % Jan 26
Jun
76V2
Jan
14
par
52
57ya Sep
29ya Jan
5
No
—
Jan
41V4 Jan
F^eb 18
.HYa Jan
63 Va Mar
115ya Sep
Jan
Nov
—
20% Jan
75
1
51 Va
108
1&Feb 17
y
Highest
$ per share
6
26Va Jan '31
100
Allen Industries Inc
Allied Mills Co Inc
11
Jan
par
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6% gtd—
100
Chemical & Dye
Jan
100
No
5Va % pf A with $30 war
Allied
61
19V2 Jan
Alaska Juneau Gold Min
10
Albany & Susquehanna RR_____100
Allegheny Corp..
1
t per share
111
% Feb 18
10
Alabama & Vicksburg Ry
f per share
52 Ms Feb 21
,—No par
No Par
Corp..—y
Address-Mutigr Corp...—
Air Reduction Inc
Allied Kid Co
Year 1943
Lowest
109% Jan 17
-No par
—25
Adams Express...
Bange for Previous
Range since January 1
Highest
Lowest
Shares
*197/a
40%
;>/-
NEW YORK STOCK
*28
*82
/
Sales for
the Week
11%
165
Sep
Jun
July
14% May
37% Nov
THE
RECORD
NEW YORK STOCK
.STOCKS
LOW AND HIGH
'
Feb.31
Feb.19
f per
Tuesday
Monday
Saturday
S
share
per
15%
15%
15%
* 97%
*96%
97%
36%
36%
36 Va
19
15%
15%
97% >97%
*96%
97%
*96 V*
97%
37 Va
36%
37
18%
*18%
19
18%
18%
18%
*2%
37
2%
33%
84
30
30
60 '
60%
16%
16%
63 %
63 Va
12%
42 V4
12%
42
*129%
83%
60%
*6314
42%
130
1,100
10
2,300
1,700
,
130
30
*
83%
23%
108%
4.600
|
1,300
23%
110%
.
*108% 109%
1.600
:,
f
20
1
150
11%
*15 Va
15%
15%
107%
<
73%
*110
110
11%.
.
36%
23%
■
108% 109%.
*103
180
175%
36
73 Va
23%
110
3,825
73%
36%
73
23 Va
175
175
36%
110%
5.400
.,
9
8%
8214
175
108%
4,500
63%
12%
42%
12%
.
23%
1,400
16%
.
*109%
500
8,088
61%
16%
129%
400
1,600
31
*30
200
2,700
35%
83%.
*33%
33 Va
83%
■
3
2%
•
6,700
15%
36 Va.
19
15%
•
STOCK
EXCHANGE
Shares
t per share
$ per share
NEW YORK
the Week
Feb. 25
15%
15 %
%;* -v^
Sales for
Friday
Thursday
Feb. 34
$ per share
15%
*96 %
Feb. 33
$ per share
share
SALE PRICES
Wednesday
Feb. 33
Monday, February 28,1944
CHRONICLE
COMMERCIAL & FINANCIAL
*103
104
108%
109%
16
103%
113%
6%
6%,
47
*46
.
16 V4
16%
84%
84%
14%
Xl4%
9%
9%
20%
20%
*116
117%
33 Va
32%
2%
2%
46%
45%
41%
9%
*160
13%
,
42 Va
9%
165
13%
67% ■■"67.%
14%
13%
29
37 %
149%
41%
*148
18%
15%
18%
30%
26%
26%
15%
,.
*148
150
26%
31 Va
18%
*116% 118
*27%
V
27%
59
60
60 Va
145
43 Va
*119
27%
15%
18%
f
*27%
158%
27%
158%
*
'
10%
43 Va
120
4%
4%.
47
25 V8
25%
*25 Va
*20%
116%
42
150
74%
73%
*44%
,■
37%
145%
10%
*
29
150
31%
31%
117 & 117
•
153 %• -158 %%
58%
*15
:
14%
13%
26
21
%
116%
10 %
10
2%
*2%
*44%
45
5%
5%
'
82%
82%
*101
103
37%
*37% ;
9%
*9%
9%
9%
*109
112
'
13
95
•
13
95%
89%
89%
89%
*34%
"36 Va
*34%
36%
*104%
106 Va
*104%
105%
61%
62 V4
62%
89%
90
>35%
■*88%
•
V 35
65
90
90%
35
35%
26%
26 Va
*25%
*59 Va
61 Va
*60
27 Va
27 Va
27%
*107%
108 Va
*107%
108%
12 Va
12 Va
*55%"': 55%
12%
12 Va
*55%
57%
56%
57
117
*115%
117
16
*15%
7%
74
*72
*25 Va
57%
*115 Va
*15%
...
*7%
*72 V,
-
*7»/a
v:4;>.
61
•
28
56
16%
7%
74
4VB
ex.
18% Feb
& Ohig^.—_
5% Jan
Baldwin X^oco Worlds
Baltimore
4%: preferre'd,»4^^'4-»-l.
Bangor & ArgostQok__TW^-.
S
5% preferred-rr—
Barber-Asphalt Corp—.-x-
*
Conv
Barker Brothers-.--.p..,.,*,,.
>5%$?
preferred-
Barnsdall
Oil
Co,
Bath Iron Works
«
$4.25
preferredAircraft
Beech
Creek
——
Airoraft
Bendix
For
footnotes
see
page
855;
15 V4 Jan
13
3
15
7
16% Jan
12
9% Jan 22
31
Jan 11
103% Jan
114% Jan 21
lOVsJan
3
11% Jan
Corp
Aviation
23% Feb 21
12
Jan ".4
43
Jan 24
——
Beech-Nut Packing Co—
Belding-Hemingway—
Bell
3
.3
4
31% Jan
Corp-;».—
RR
Jan.
.
25% Feb
—x-t..
Corp—
Creamery!.
Beech
9% Jan
60
7
3
.
—
Inc.——
Bayuk Cigars
Beatrice
9% Jan
:
4
33% Jan
13
^Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4259
NEW YORK STOCK
LOW AND HIGH
Saturday
Monday
Feb. 10
Feb. 21
S per share
"17%
%
17%
"55
17%
56%
"35%
59
36%
18
17%
17%
37%
18
15%
*14%
15 >A
99
*92 7/
99
*91'
..
-
* 15%
15
50
35
45%
91%
29%
29'%
35%
3%
35%
4%
36
.
14%
41
43%
16 V4
18%
*8%
*118
>56%
*7%
8
19%
*112'%
*7%
28%
*17%
7%
•7'A
7%
18
*17%
28%
>109
4
30
4,000
110%
28%
*109
*17%
<•
460
28%
22
54
12%
9%
9%
9%
28%
28%
*28'A
3
3
*60
/
48
3%
-/
61%
48
3%
14
14 "A
76%
76
21 Va
21 Va
25%
X
1%
Co
24'/a
38
24
23%
*37
-.
*21%
—• —
37%
7'/4
Jan
31
95% Jan 21
15% Feb 23
18
Jan 26.
48
95
:
Jan
11%
Nov
41 V»
Jan
85
Nov
3
38%
Jan
17
11
Feb
50% Feb
35
76
v
4
Jan
-
Jan
17
x7'A
1
?'
2
22%
Jan
30
Oct
3
37
Feb
2
26%
Jan
39
4% Feb
July
16
2%
Jan
23
3
4%
,
46%
4%
35%
149 ;«
.vx-.
■■..,,,,/
46%
36'/a
*105%
106
122 Va
*122
123
37 %
..
7
28'A
Jan
38%
Dec
15% Feb 24
11%
Nov
14%
NOV
l
21
20
Jan
45
Nov
Apr
40
Feb
4
45% Feb
10'A Feb
14
8%
Nov
Jan
12%
28
29 Va Feb
24
20%
Jan
30%
Jan
14
41
Feb
17
33
Jan
44
45
July
Jan
18
37 Va
Jan
44 %
13
17% Feb
23
May
9%
Jan
18%
Jun
18
42 V3 Jan
27
29%
Jan
17% Jan
4
19% Jan
14
13
Jan
42% July
20% July
5
.
4:,
8% Jan
;
y.
3
Jan
9% Jan
6
5% Jan
4
120
15
6% Jan
5
Jan
27
104 Va
25
3
46'A
36%
Jan
Feb
7
58% Feb
1
117
76%
Jan
43
Nov
'
123
47
47%
-37%
123
Jan
6
62
Jan
3
50
4
preferred
28
Zinc
A..5
16
Jan
Clinch
Co
I
Ohio
&
160
5,900
*16%
17
16%
*15%
1 16
*15%
27 7A
27%
see
page
855.
15%
1,300
V
.
17%
/
"
10%
16%
16%
16%
28
16%
'
28 %
28
28
27%
277A
27%
28 Va
28
,28
17
27%
15%
15 Va.
16%
27%
>
180
■27 Ve
111
15%-:
17%
18
*
..
17%
.
27%
,.27%
271/4
7
29 Va
Jan
38
8% Jan
3
6%
Feb
par
A—1
43% Jari
11% May
47V4 July
43% Jan
97
Jan
4
28% Jan
4
Jan
4
3Ve
Jan
5%
34% Feb
4
32 Va
Dec
39%
127%
Jan
146
2,020
2,430
220
2,700
1,700
4%
12.
25%
5
47% Feb 25
40% Jan 24
„
36
Jan
4
104
Jan
4
1217AFeb
L-No par
107
'Jan
14
120 Va Jan 25
12
Jan 22
18% Feb
3
,19% Jan
3
2% Jan 13
—1
preferred—100
4
125% Jan
10
Jan
Feb
107
2
17
.
20% Jan 10
3 J/» Jan
31
1
147
Nov
96 Va
108
Jan
119
128%
Feb
120%
Sep
8%
Jan
14%
Nov
21
Apr
July
16% Jan
Jan
23%
Jan
Jan
4
2&
Jun
July
Sep
16%
1%
Jan
Apr
Dec
Dec
54% July
40%
Jan
97%
9
100
No par
100
40
Dec
31 % May
26% Jan
95 Va
Apr
46% July
97%
Jan
21
108% Jan
3
12% Feb 24
23
,
Jan
Dec
Mar
9Ve
*
Jan
x85
6
Jan
Jan
Jan
40
4
44% Jan
*
36%
19
Apr
Apr
25% Feb 25
3
Jun
3% Mar
Ill
■
Jan
18%
25
Aug
Jun
Dec
1
57V2 Jan 17.
61% Jan 25
32% Jan
72%
Oct
18
Jan
11
18% Jan
13
16% Nov
19%
23
Jan
3
27% Feb
24
Apr
July
6%
Copper
No par
Products..——
...
preferred
East
...100
—A.
Mfg
-108 '
11
par
Mail
Order
Co
5
pf
No
par
37% Jan
4
41
6.% Jan 25
1127/a Feb
4
32
Jan 14
7%
18
Jan
Jan
Jan
34
July
50
July
Feb
15
18
33%
Jan
8'A Feb
24
2%
Jan
9!4 May
16% Feb 18
7 Va
Jan
17'A May
12
6
3
3
6% Feb
24
2%
Jan
24% Feb
15
10%
Jan
28% Feb
Jan
3
Jan
4
Feb 25
24
Feb 25.
Feb 24
Jan ,3
5 7'/a Feb
18% Jan
7
Jan
7
41
Feb
7
6
51
Jan
17% Jan 24
Jan
6
15 Vs
48
11%
13%
l% Jan
3
100
50
Jun
16Va
Dec
Jan
22
Jan
1% Jan 29
Jan
Apr
41% May
54
May
153/4 Apr
Jan
18
36Va Nov
22
gtd
Dec
1
Dec
/ 26% Jan
4
5
24% J&n
77% Feb
14% Jan
7
82 V4 Jan
5
67%
Jan
5
16% Jan
26
10%
Jan
Jan
.28
104
Jan
12
107
Feb
5
96% Jan
57%
6%
35%
148
Jan 19
Jan 12
Jan 28
65
Jan
4
27
7% Feb
24
Jan
36% Jan 25
3
41% Jan 25
Jan
12
101%
92% Jan
10
84
21
Jan
27
109
10
21
j 33
Feb
32'/a
109%
28%
92 % Jan
53
Jan
36% Jan 15
37% Feb 25
la
15 % Aug
Nov
Jan
39% July
145
747/a
Jan
Jan
108% ..Dec
Jan
92 Va
50
Feb
33 V8
Nov
54
Sep
48% Mar
■
33%
Jan
40
100
145
Feb
18
148
Jan
27
142
May
153
par
112
Feb
17
115
Jan
6
88
Jan
123
A
—No
i.
par
62 V8 Jan
11
-No par
No par
-
1st
2nd
Feb
18
61
Dec
25% Feb
25
16%
Jan
12
xl03%
Dec
67
108
Jan
Jan
17
5
114
Jan
11
15% Jan
17
17
Jan
7
11% Jan
3
16
Feb
16
preferred__.100
12VaJan
4
18
Feb
16
nreferred
13
4
17
Feb
4
28 % Feb
{Colorado & Southern..
non-cum
23% Jan
6104% Feb 2526 Vq Jan 14
llO'A Feb
.-No par
preferred
non-enm
3
100
—No par
100
Collins & Alkman
Colo Fuel & Iron Corp
Columbia Br'd
34Va Jan
Sys Inc cl A
100
2.50
2.50
Jan.
26% Jan
257A Jan
•
29
001/
4
-
15
23
.
nl
Dec
Jun
116% Aug
42% Dec
No
(The)
Sep
Dec
Jun
Feb
107
85% Julv
106
8%
Mar
3
32% Apr
Jan
67
115% Jan
Jan
2%
123
11>
6
•
63%
7
Jan
Jun
3% May
Feb
78% Jan 29
148
7
Jan
112% Feb
40 - Jan
53
7% May
21 Vb
24
29
76
109 /Dec
47% Feb
18
26
x
Sep
Apr
Jun
8%
I6V2 Jan
.25
24
Nov
99%
14% Jan
...
Colgate-Palmolive-Peet
$4.25 preferred
Class B
115
4
Preferred
Coca-Cola Co
4%
4
14
Special gtd 4% stock—
.50
Climax Molybdenum
—No par
Cluett Peabody 4? Co—A
No par
conv
Jan
-No par
Pitts RR Co 7%
Class
8%
Jan
15% Jan
No par
Oil
Cotton
preferred
31
10
($2.50) cum div—No par
Chrysler Corp
5
City Ice & Fuel
No par
6 % % preferred
1—100
City. Investing Co
100
City Stores
t
~5
Clark Equipment
-No par
c. o. C. 4s St. Louia Ry. Co.——100
57* preferred.;
—100
Clev El Ilium $4.50 pfd
No par \
Clev Graph Bronze Co (The)—1 5%
115
4
Feb
4%
18
27 Va
56%
15%
16 Va
38%
47
13
No par
preferred
8% Jan
4
44% Jan
5% Jan
11% Jan
5
25
111 RR Co——No
Jan
27% Jan
5
A———40
conv
h%
700
4
6% Feb
Mar
7% Jan 15
.110 / Feb 19
30.'A Feb 15
4% Jan
3
Clev &
16
19%
Jan
100
...
Chile Copper Co—.——
'/
15
Nov
13%
100
new—
tChilds Co—
600
1
xl3%
8
...5
Chicago Yellow Cab
5,900
'
3
23 % Feb
33%-Jan
3
Chickasha
15
15% Jan
Jan
Pr
200
*15%
9%
Jan
$3
300
*109%
Dec
.1
Ry
Chicago Pneumat Tool
16
6Va
11
Chicago
300
'15
3
Chicago Great West RR Co
50
5% preferred
—50
Chicago & Northwest'n w L_No par
5 % preferred < w i
—100
"loo
*14 Va
1% Mar
6V2 Jan
113
Class
1,500
26%
56
Jan
No par
Champion Pap & Fib Co—No par
1,200
111
30% July
Jun
%
6% prior preferred...—....JLOO
5,400
*15%
Jan
52%
25
...
Chain Belt Co.....
3,900
104%
22%
24
4
100
16,200
24%
J
.% Jan
'
Corp...—
No par
preferred^.20
10.000
106
24% Jan
10
No
class
2d preferred
Chic &
10
Jan
53% Feb
1
Cons
Chesapeake & Ohio Ry——
,900
2%
par
Steel
(J I)
3
25
Hecla
&
3% Jan
^.50
.....
Chesapeake Corp of Va
1,000
Apr
22'A
2,300
*66
5%
Oct
Apr
25'A May
Checker Cab
*112
Nov
18% July
1,400
*144
29 Va
.
83%
Preferred
100
1,900
Jan
May
49
Jan
1,400
36%
20%
75
4;
18
Sugar Co
Century Ribbon Mills
2,700
50
10% July
Jan
Jan
Cerro de Pasco
400
Jan
4
Certain-teed
8,000
Jan
21%
5%
21% Jan
fCent RR of New Jersey
90
41
Nov
Central Violeta
300
-
6% May
9Vb
2,300
.500
26%
Jun
Jan
65'A
1,900
31''-
15%
2%
6
4,000
111
7
Oct
9% Jan
24
Central 111' Lt 4VaVv
10
•
28% Jan
31%
109'A
Jan
Central Aguirre Assocw.
Central Foundry Co.^,.
1,500
400
26%
8
35% July
Jun
Jan
Jan
7,900
.*3WA
7
Jan
May
105
15%
5?c
10
*110%
24%
20%
Apr
77
Celotex
2,900
%
29
Jan
Apr
18% July
29 %
3
7%
80
% ft 18%
Feb
Jan
-
9% Jan 14
10%
Jan
Nov
4
•
,
590
>
3
^
6% Nov
14%
16
1
13% Feb
4% Feb 25
3
8 Va Jan
Caterpillar Tractor———No par
Celanese Corp of Amer
..No par
5% series prior preferred—100
7% prior preferred
100
1,200
:
3
Jan
1
9
5
54
.
Preferred..
160
119% 119%
May
54% Aug
27
Case
50
122%
4
24
Feb
30
44
Co.
Carriers & General Corp..
7,300
105'/a
12Va Jan
33% Jan
109% Feb
100
$3 preferred A
2,100
37
123
11
preferred__100
Bldg 1%
Cannon;, Mills...-.^.
Capital Administration
20
*105
25
par
15
18% Feb 14
20% Feb 24
21
t
Canadian Pacific
400
37%
116 Va
"
Jan
Carpenter
105%
Feb
27% Jan
Copper....5
Campbell W & C Fdy..—-.No j?or
Canada Dry Ginger Ale..—
5
Canada Southern Ry Co„j
100
4,100
46%
v.I#!
-
12% Jan
Carolina
37
118% July
9 Ve May
67% Jan
700
46%
.
—No por
310
105
36 Va
8'A Jan
4
4
32
Calumet
106
3
Jan
Jan
1
.....
100
<:
;
46%
7% Jan
18"
preferred
conv
10% May
Jan
7% Jan
3
17
-.1
.
Byron Jackson Co_.._/i
;
310
149
*105%
Jun
Participating preferred- ..—100
17,200
;
4%
36
Apr
3
,107% Jan
Copper &
Byers Co (A M)
.1,500
30%
35
6Ve
Dec
39% Jan
Watch
Butte
v
1,400
23V4
38
*148
V
4Q% Jan
14% Jan
/
•4
Terminal
5%
70
,/. *148
July
Feb
par
>.
Bush Term
200
30%
51
35
29 Vs
12% Jan
.
California Packing.
5% preferred
Callahan Zinc-Lead...
7%
30%
-
.
Jan
3
.
40 Va Feb
Butler Bros—
20
46'A
*4%
35'A
Bush
900
99%
-
July
21% Mar
56 Va May
96 % July
'
'
3,400
:
46'A
.
100
>
Jun
37% Jan
preferred
6%
99%
30%
46%
footnotes
Jan
3% Jan
par
.
11
v
300
10%
38
For
9%
par"
t Burroughs Adding Mach.. —No
100'A
99%
4%
27%.
,7
98% Jan
Wheel
5%
80
21%
44'A
106
27%
16% Jan
47% Jan
Forge Co
> 46'A
*46
35 Va
X23%
t
10%
*7Va
.
30%
27%
4
19% July
19/
Jun
116
2,100
44%
37%
27%
Jan
4
preferred
Budd
;
1,400
5
%
10%
*105%
26%
13%
.vNo par
Co
1,000
?•
14 V
& 76
53%
45
*43%
7
%
38 ;>
10 Va
10%
45
100 V4
*109%
11
39t
—No
—,.
Buffalo
500
67A
24%
17% Feb
25
preferred
"$5
»/
6,900
16%
*105%
4
27
preferred
(EG) Mfg...
Budd
,
Bullard
100
25 Va
6%
122 Va
Bucyrus-Erie
1
.
:
7.3%
14
76%
16%
:a 46
11 %
Jan
///. 87'a Jan
7,000
48 %
14
21%
*53
>
62%
■
77%
6"h
149
19% Mar
Jan
94
i
3,100
28%
29
21%
13
:
9%
16 V2
*4%
Jan
.6%
14% Feb
3
Bruns-Balke-Collender.....iNo
,<
100
4V«
*16%
35 Ve
16
15
"
2.50
...
1.100
V
/
12 Va
4%
6%
•148
Shoe Co.
Bulova
4%
Jan
17
8% Jan
46% Jan
Burlington Mills Corp
12%
16%
30%
Brown
1
4%
6%
6%
'
1
12%
6%
46 %
-
100
*60
*76%
25 Va
6V8
27%
18% Jan
90% Feb
Boiler Bearing Co..
:4
Apr
121 % July
40
Dec
3
(assented) .100
900
*47%
3
;
54
46%
RR
1.900
9>A
14
25%
*99%
Maine
39 Vs Jan
Jun
69'A
Jan
3
ipar
(The)
28%
4%
%
10%
24
Nov
v.
110%
Nov
July
7% Jan
33% Jan 26
109 %
12%
Va
*43%
__No
109%
.
48 V»
*28%
14
53%
24 Va
•17
8%
/./ 54
6Q% Jan 31
118% Feb 23
Sep
57
,38
16% Jan
Inc....
.28%
•
110%
9%
77%
2,000
18
48%
3%
•*21%
%
*60
28%
13%
38
Jan
par
Briggs & Stratton———
Bristol-layers Co
—No
Brooklyn Union Gas
■
7%
>
7%
61
9%
*76%-
28%
.
12%
4%
25%
'
.
5,200
•
: -20% •20%
/// :33': vZ 733
'
12%
*3
21%
k.
33%
28%
28%
14
JV '
1
4
2
'
20%
49
77
;
20
4%.
3%
18
33
1 111%
12%
28%
>7%
16'A
.
300
56%
•
&
Bower
116%
56 \
17% Feb
37% Feb
Brewing Corp. of America
Bridgeport Brass Co..
Briggs Manufacturing,
•
7
*112%
56%
'
20
9%
//.
116
55%
2.0
34'% Jan
■
6%
15% Jan
.3
Braniff Airways Inc.,..
.
400
18%
'
j /
:
28.% Jan
r
12,000
9% "•7 9%
*117' V 117%
118
7
;
17%
-
Jan
15
Boston
100
43
18%
■
9%
32
*48%
•-
•'
19%
9 %
*25%
18%
-
22%
shars
173/e
'
44%
r'
17%
15
Borg^Warner Corp-...........i..3
i
300
f'41%
*41%
37% Jan
par
Stores
Borden Co
1,900
*43%
•/'
28
16
1 Class
Bond
/ 6,300
♦41
Feb
Bon; Ann Co class
■
500
l;/9'Va
••:
54%
13 Va Jan
8,100
.
r*44%-/45%
17%
32
49%
*52%
:•
.v/M'/a/ vl5;:
!;•
43
6%
18
9%
*21
'
24
j:
4,000
39%
56% Jan
43
',3,000
*38%-
'
44%
-
20
*48%
14
*
36%
;
15
56 % Jan
115% Feb
...
2.100
'4V4;' -4%
13% Mar
BDhn Aluminum & Brass.
1
S per
11
Bluipenthal & Co preferred.^.^lOO
Boeing Airplane Co
5
140
Highest
I per share
33% Jan
'
No
4
Year 1943
share
18% Jan
f
2,000
.
29% :v29%
32
*109
4%
77
-
•V:.;>' 9'%
118
7%
18
12%
.
'15%
17%
63
*3
v
~200
29%
36 Va
X45:*-/ 45'"
*43%
56%
*60
.
:
/
•
34%
29%
«■
*40% /•4i%;
6%
v '
63
*28
-15%
:
39 %
8%
*60
.
/-
9V*
118
32
28%
4%
'
50
___
90%;
•34%-
29%
116
"19%
.
111%
12%'
.
Jan
f per
Lowest
;
33
28%
90%
iVV49'%v%49%
.
-4%.
•.
*41%
7%
-19%
*109
9%
28%
56%;
*17% -18%
*32
.'•/
18'A
6%
*112%
56%
'
8%
118
7
V
Bliss & Laughlin- Inc,^,—
Bloomingdale Brothers
,
8,500
18%
116
.
100
i
.No
—_
7 % preferred
—.100
Bigelow-Sanf Carp Inc
No par
Black & Decker Mfg Co—-.No par
Blaw-Knox Co———No par
900
/1,000
4
17%
8%
119%
6%
*113
45 Va.
43
*18
8%
9%
/
43%
*41%
;
3,900
■
17%>' 17%
»
/
800
8%
Co
&
■17
Best Foods ——1'
Betblenem Steel 1 Del jr.*.
No,par
400
•15%/ 15%
*38%
41%'
16%
43
8,400
*46 Va •* 47%
29% .^29%
■
15%
14%
*44
29
43%
2,100
7*92''* ''99
135% ,..36%
-
40
39%
15
*40%
16%
*41%
..
i
45%
.
17%
59
15%
•4%
40
28%
43%
*18
;
3%
par
Best
"
3%
9%
28%
41
,
35%
54% Feb
47%./,/
.50-'50^
34 •• 734%
-
29%
14%"
28%
.
29%
35 Va
45%
•"
9%
<
.
29%
•V
;
91
•.
35
36
'
*39
*44.
....
49 Va
34 Va
3%
*39
..
49%
par
47.,
•
H&
92
*90
Pr pfd $2.50 div series '38_No
300
/* V*14%V-15%-
18Vi
.
par
15 Va
47
49%
.
35
29%
'•
91%
47./•
35
49%
•
.
,<13-
.
Beneffoial Indus Loan—No
58%-
8 Va
f per share
100
//:».■■■
118%
V
>^92/
15%
15%
46 'A
'
'18.-'
Range for Previous
Range since January 1
Lowest
Highest
/,
700
.
118%
•■-••■-37% .'*>37%
7 ; • 18 - >%18^
8%
8%
*17%/ 18
.
37
•
■
/
Par
16%
'
•'.37%'V'387;
8%
56%
*36%
59%
.18
'-*14%
91%
49%
•
18
47 V4
*34%
18
8'A
*17%
*55
5
NEW YORK STOCK
EXCHANGE
t
Shares
18%
17%
59%
-
-17%
-
*I17>.:vll8%:.vV;
•
37%
18
.
8%
14%
■
16%
118 Va,
*
36%
•
the Week
$ per. share
55%
,
36'A
,
>59%
118%
'
14%
91%
55%
17%
} 58%;
18%
99
*46%
•
7
Sales lor
Feb, 25
share
*17%> 18 Va
,
36 V4
8%
.
15%
"92
•
Friday
■
'
24-./.7
S per
56%
.
-,.*17 %
18
"141/4
17%
59.,..
37%.. 37%
8%
'
17%
36 'A
17%
18
8»A
*55
118%. 118%,:
37%
*17%
17%
36
58%
5.9.% v
.
"117% 118%.
Feb.
$ per share
share
56%
36
17%
$ per
18'4
*55:
36
17%
Feb. 23
Feb. 22
RECORD
.:V/v-V-v.A STOCKS/-.-:/:./•"
Thursday
Wednesday
Tuesday
$ per share
PRICES
SALE
17% Jan
108
Jan
13% Nov
2%
Jan
3%
Jan
3
Sep
July
Sep
July
68%
Oct
25
Dec
109% July
28% July
114%
Oct
19% July
19
19%
Sep
Jan
17%
Sep
Sep
16%
Jan
2fi%
Dec
15%
Jan
26%
Dec
I
Monday, February 28, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
AND HIGH
Tuesday
Feb: 22
LOW
Saturday
Monday
Feb. 19
Feb. 21
£
V: # per share
'
:
4V2
$ per
share
per
4%
4%
4%
'
.
78 Vi
*70%
79
71%
78%
78%
.71%
72
-
share
„
"
_
'
—
—
SALE PRICES
Wednesday
Feb. 23
S per share
4%
4%
79
79%
72%
72%
72
74
84
*84
85
*84
17%
*16%
17%
39%
39%
*39%
40 %
*38%
40
*38%
40
39%
39%
39 Va
39%
39%
39 %
39%
39%
*101%
•
*101%
*101% 106
%
106
40%
15%
H
82%
25%
8%
*8%
23%
9
23%
22%
*22%
3%
3%
*17%
22%
106%
3%
21%
104%
3%
18%
18%
18%
*9%
9%
9%
9%
25%
13%
25%
25%
40%
15
*106
:
,200
6,000
100
110
41
41%
15%
15 yB
15% <
15%
i
14 % %: conv
■
3%
21%
104
3V4
25 V4
13%
*21
3%
21 y4
21%
14%
17%
104%
17%
48%
20%
8%
8'%
8 %
18% /
9%
9%
■
25%
;
26
14%
14%
15%
14%
22%
21%
22%
21%
13%
13%
.14%
17%
17%
14%
17%
17%
*47
48%
*104
104%
104%
20%
20%
8%
8%
8%
8%
*108%
109%
*108%
35%
Continental Can
11%
11%
44%
i
5%
13%
12%
*47%
17%
17%
47%
57
19
106%
12%
*17%
18
28%
*45%
46
21%
*17%
18%
28
*45%
18%
28%
28%
18%^
18%
28
28
28%
46
46
46
16%
16%
99%
99%
99%
99%
99%
30%
31
30%
31
31%
76%
77:
77
77%
b'/o
76
23 V4
23%
23%
26%
Cuba
23
31%
77%
237/a
12
12%
12.%
12%
12%
12%
23%
23%
11%
*113
107
*105%
26%
*23
24 %
*106
108%
6
6»/4
112% 112%
26Va-
5%
5%
16%
16%
*109% 113:
115
*113
107
107
107
*105%
26
*23%
*106
5%
26
24%
23%
25%
108 %
*106
6%
6
6%
*112
114
*113
113%
114
44
42%
5%
6
5%
6
17
*109% 112
16%
17
*109%
114
23
23%
17
108%
5%
.
•
■5% '
17
.
43
5%
17 y»
*109% 114
23%
23%
.
23%
f
13%
*17%
22%
33%
16
Aug
18% Dec
21
33% Jan
47% Dec
Jan
2
5
5
96
Jan
110% Sep
26%
Jan
36% Jun
1
100
33%
;
*
14%
15
15
29%
98%
*28%
16%
16%
16%
44%
44%
29%
98%
15
16%
29
.
29
29 %
t
*98
98%
/,'.
16%
16%
{
44%
Feb
9
25
Jan
23% Jun
Jan
11 %
Jan
15%
40%
Jan
15
3
Feb
7
5
Jan
16%
44%'' 44%'
35 Va
35 Va
*35%
35%
35%
22%
22%
22%
22%
22%
53%
56%
57'/a
56%
121%
121%
52%.
121
108% 108%
121
30%
11%
12%
*116%
30%
11%
12%
121 ■;■:/
139%
139
125% 125%
*117%
118%
108 7/a
*108V2
122
108%
30
30%
30
12
11%
:
11%
35%
23%
57»A
122%
'1 Class
Jan
Jan
37% July
Jan
27% July
13
Feb
19
14% Feb
11
21
40'A Feb
11
12% Jan
15
39% Feb
10% Jan
4
47% Feb
19
15% Jan
3
19% Jan
11
44% Jan 10
47% Feb
25
55% Jan
175%
50
5
Jan
27
57% Jan
4
180% Feb
16
6% Jan
22
jam
Jan
5
3
1% Jan
6
3% Jan
7
22
19% Jan
3
Jan
3
6
18% Feb
107
104% Jan 20
•
;Jan
21% Jan
3
5
19% Jan
20
17
29% Jan
7
47% Jan
27
17
5
Jan..
99% Feb
24
31% Feb
24
77% Feb 25
27% Jan
15
13% Jan
•
8
113 % Jan
24
Feb
24
27 % Feb
11
24% Feb
18
106 Va Feb
11
107
v
6% Jan.
Jan
6
12
47% Jan
12
118
6% Jan
Jan
3
24
Feb
2
4
Jan
15
117
6'AJan
7
17% Feb
14
20
13% Feb
4
xlll% Feb 17
21% Jan
5
37l/2 Feb
8
33% Feb- 24
———
.
17% Jan 17•17% Jan. 3
i.
5% Jan
3
18% Jan
12
Feb
3
52
29% Jan
5
31% Jan
Jan
•
4
6
39
13
140%
Xl39%
139.%
*125
126
125%
118%
118
i
•
125%
*117%
118
38%
/
39%
10%'
60%
60%
104%
104%
preferred——:
Auto-Lite
Boat
...
& Mus Ind
$7
"
$6
(The)—:
—.
Am shares.
preferred
preferred—.
Electric
43
29%
Mills
Rolling
cum
Electric Power & Light
47/a
88%
29%
:
Storage
Battery.—
El Paso Natural .Gas.
Endicoft Johnson Corp
,> 4%
preferred
4
Public Service
$5 preferred
—l—
$5% preferred^—
$6 preferred
—-stEquitable Office Bldg——.
Engineers
For
footnotes see
page
855,
8% Jan
21% Jan
15% Feb 25
31
Jan
11
100
Jan
25
15% Jan
:
3
16% Feb 24
43% Jan.
5
44% Jan
8
v
.
33 V4 Jan
3
36
Jan
11
-
120'/a Feb
$4 preferred series
Electric
93
*42
9
16
3
Electric
107/a
87%
11-
17
Edison Bros Stores Inc
39%
92%
28% Feb
Feb
Elec
4%
—No par
—No par
Eaton Manufacturing Co—.
17%
,
13% Jan
97% Feb
48% Jan
! 8%
43
17%
No par
—————
Eastman Kodak Co_„
180
42%
A
Eastern
162
178
1
Eastern Airlines Inc..,
38%
7%
7%
161%
'
Eagle-Picher Lead Co—
11%
xll'/a
*. "
*
No par
A——/—Nopar
Dresser Mfg Co————No par
DunhiU International—..—.——!
Duplan Corp
„
No par
8% preferred
/
100
Du P, de Nemours (EI) &,Co
20
$4.50 preferred
No par
Duquesne Light 5% 1st pfd—100
121
139%
,
—No par
;
i
*12%
*116%
"
Douglas Aircraft
Dow Chemical Co
«
11%
13
1
Dome Mines Ltd
:
f
i
121
''
Doehler Die Casting Co
I
30%
*12%
•
t
Jun
4%
,
108%;
*116%
\
Jun
18%
Dlamorid T Motor Car Co—— .*14
Distil Corp-Seagr's Ltd
—No par
5% preferred -—,100
Dixie Cup Co_—
No par
44%
98%
*98
/
Oct
Jan
16
x4%
'
14%
107
89
„
25%
.
——
8%
56
Deere & :Co
18%
56
(The)
Corp
1
No par
; Preferred
—20
Deisel-Wemmer-CHlberfc —
—10
tDelaware & Hudson-^100
Delaware Lack & Western
—50
Detroit Edison
20
Detroit Hillsdale & S W RR Co„ 100
Devoe & Raynolds A
No par
Diamond Match
No par
6%
partlc preferred
25
23%
8%
18%
Jan
25
Records Inc
Decca
38%
33%
18%
33'A.
7
22
—8
25
4%% pfd_
Dayton Pow & Li
24%
38%
27% Mar
Jan
21
26% Feb
(The)
Chemical
Davison
14
113
24%
Nov
4%
33% Jan
—100
_10
Corp.—
preferred
I—A
5%
22
*111%
Nov
14
8
—_100
preferred,--—a—.
preferred—
Davega 8tores
6%
*6%
*18%
Nov
9%
17%
23
3.
—No par
.$7 preferred—
——
No parPrior preferred
No par
Curtiss-Wright ————-.-4—-—— 3
Class A_
i—
1
Cushman's Sous Inc 7% pfd——100
Cutler-Hammer Inc_—
No par
...
113%
42%
43%
24 Vk
July
3% May
19% May
8
Sep
29 % Oct
21% Mar
9
31
105
3
>1
RR 5%
Curtis Pub Cn
6
Jan
7% Jan
2% Feb
....
23%
*106
Jan
Va
2
Sep
6% Apr
24% July
Jan
5% Jan
preferred''———————100;
5%% conv preferred
j.
100
Cudahy Packing Co--—
-30
Cuneo Press Inc
—-—
--5
4%% preferred———:
100
110%
26%
*23%
23%
108%
91%
31
109
30 % Feb
!J%
26%
26%
21
——
Cubaji-American Sugar—
115
23
23
*22%
*113
42%
44
44
115
*105%
115.
*112
i
Jan
3% Deo
25
Zelierbach Corp—/——5
x
$5 conv preferred—;;—l—No par
Crucible Steel of Amer
No par
99%
11%
15%
-
30%
75%
75%
Jan
4
49% Sep
7 % May
Crown
16%
30%
90
5
6
7
No par
Crown Cork-At Seal———No par
$2.25 preferred
-No par
16%
16%
16%
16%
24% Nov
11
46
11
Crosley Corp (The)
46%
*46
Jan
Jan
12 % Jan
11% Feb
42% Feb
25
.5% conv preferred
100
Cream of Wheat Corp (The)——_2
x
Jun
Jun
10%
35% Feb
32% Feb 10
Inc—————————il
—
25
Jan
109
.100
Internal Corp
Crane ; Co
99%
16
,99Vk'
•
'
July
11
Jan
8% Jan
Coty
,
27
Jan
Jan
22
Coty.
5%
2%
106%
*27%
;
1
19%
5%
2%
19
106%. 107
21%
21%
17%
.
180%/180% >"
'
19
.
Jan
'2%
17%
25
104 % Feb
Copperweld Steel Co
-5
Conv pref 5%
series
—50
Cornell-Ducilier Electric Corp—1
Corn Exch Bank Trust Co——:~20
Corn Products Refining
-25
preferred
—:—
100
47%
56%
46%
56%
*179% 181%
5%
5%
*2%
3
46%
56%
1
48%
17%
17%
40
12
48%
*47%
13%
40
12
26%
13%
13%
1
21%
<
6
24
48% Feb
$2.50
Continental
1
Continental Oil of Del—
5
Continental Steel Corp
No par
Cooper Bessemer Corp——~No par
$3 prior preferred— l
No par
•:
32%
26%
39%
11%
5%
31%
.44% Jun
16
July
l'/a May
82
Deo
17% Feb
Insurance—
Motors
Continental
Oct
15 % Jan
Continental Diamond
44%
"77% Sep
22% Feb
Inc———20
Fibre
—5
35%
Jan
36% Jan
10% Feb
No par
preferred——
8%
>
Jan
A
15% Feb 24
20
Continental Baking Co
109%
26%
39%
:
8%
109%
5%
31%
*26
20%
America
Jan
9%
27 % Jan
pfd—No par
Pow $4.50
Container Corp of
29%
-3% Jan
50
preferred :
$2,50
Consumers
8%
45
5%
.
Consolidation
104%
*108%
11%
31 %
■
48%
20%
20%
34%
45
15
17%
*47
48%
104%'
Consol RR of
Jan
20% Feb
Aircraft——1
——10
Cuba 6% pfd
100
Coal Co
25
Preferred
21%
41
July
44
Jun
107'A Sep
>
>
Jan
104% Feb
No par
Consolidated Vultee
14%
-
17
20%
8 %
*11%
18%
18>A
26
Jan
25'/a
4
Consol
25%
9%
257/a
*47
Y
30'/a
104 Va
23
preferred———No par
Film Industries
1
$2 par tic preferred———No par
Consol Laundries Corp
5
Consolidated Natural Gas wd:
15
'
19 V4 July
107
$5
•
3%
98% July
Jan
23% Feb
-.100
Corp——5
Consol Edison of N
22
Jan
9% Jan
prior preferred
6l/a %
.
104%
19
9%
Consol Coppermines
■
3%
104%
109%
34%
9%
21%
.
13%
104%
20%: 20%
*108%
18%
-
3%
104%
21%
48 %
20%
3%
22
21%
14%
104%
*108% 109%
104%
3%
3%
73
23% Feb
No par
;
Jan
9
11
26% Jan
-No par
Consolidated Cigar
Jan
79 %
Feb 24
86
3
Jan
79
BK'Jun
Jan
15% Jan 17
% Jan
3
:—No par
Congoleum-Nairn Inc
f 105%; 106%
106% 106%
3%
3%
25%
17%
48%
104%
17
104%
:3%
9%
13%
104%
*47
104%
18
21%
13%
3%
21%
11
15
.
14% Jan , 3
% Feb
1
Edison Co———25
Conde Nast Pub Inc
r
23%
23%
23%
23%
23%
106%
'■3%'
13%
13%
*21
23%
3%
104%
•
23%
23%
21%
104%
'
23%
23 %
,
8 Va
106%
23%
106%
3%
:
21%
*13%
23
*106
23
26%
8V2
26
*8%J
Feb
40% Feb
105
Nc.par
No par
Commonwealth & Southern—No par
$8 preferred series———No par
$ per share
1%
2
13
41% Jan 11
106% Jan 10
45% Jan 11
3 ;'
.
37
•
17% Feb
41
Jan
25
37% Jan
Commercial Solvents—
Commonwealth
25%
8%
25%
14
39% Jan
«.
Comm'l Invest Trust-
9,500
Feb
16% Jan '18
Credit
Commercial
8,400
72,800
26
8%
84
-No par
10
preferred———100
preferred-
$2.75
:
8,500
:
42%
41%
41%
40%
25%
.
*101%
110
60C
,
•
7
,
40%
5% Feb 25
80% Jan 17
75
Jan 11
89% Jan
6
3
Feb
$ per share
S per share
3
Jan
70
<
83%
25%
17
17
16%
16%
4% Feb
76
preferred series A
—100
5% preferred——,
——--i-100
Columbian Carbon Co
No par
Columbia Pictures
No par
100
*16%
$ per share
6%
200
84
Highest
lowest
Highest
Lowest
No par
Columbia Gas & Elec
2,200
72%
Year 1943
Range since January 1
l"
.
Par
151,000
85
72%
*84
85
5%
79%
79%
79 Mi
■
-
Shares
share
5
5
4%
the Week
t per
share
S per
79%
Sales
Feb. 25
Feb.24
NEW YORK STOCK
EXCHANGE
for
Frldav
Thursday
22
.106% Jan
28% Jan
4
7
21
8% Jan 13
>11% Feb 11
17
25% Jan
57% Feb 25
131Jan
108% Feb
,
5
•
/ ;
Jan
Jan
Feb
Feb
Jan
Nov
122% Nov
xl06%
• 16
5%
9
3
12% Feb
2
12 % Feb 23
„■
141% Jam 6
126
Feb 17
20
.
Jan
Jan
Jan
115
17
30% Feb
120% Jan
83%
10
38 Va
22%
15%
44
Jun
.
Dec
134 v,
,124 ./ Dec
115% Dec
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4259
159
NEW YORK STOCK
AND
LOW
Saturday
,
,
Monday
Febi. 19
Feb. 21
S per share
12%
$
12%
12
12%
12 %
54
a7
.
82
-7%
i'l
12%
7
$ per snare
12%
7%
12
12
11%
11%
..
25%
25%
25%
*3%
3%
3%
12%
54%
*77%,
.
,
11%
12%
82
7%
—
3%
12
-
—
12%
12%
54%
7%
54%
,<'12
12%
Erie
2,300
RR
common
Ctfs of
benef
9% Jan
Eureka
7%
26%
26%
25%
26%
3%
3%
3%
3%
3%
35%
35%
*35%
35%
'
22%.
23
22%
23%
v
Fajardo Sug Co of Pr Rico
12%
12%
12%'
12%
.
Farnsworth
22%
.
12%
16%
16%
17%
17%
100%
*100%
101%
*100%
20%
20%
20%
20%
Corp...
20%
*18%
18%
*18%
18%
18%
5%
,
5%
A
6
Federal
5%
Televis'n
.No par
&
20
Light & Traction
15
No par
No par
Federated
No
23%
24
*23%
24%
95
95%
93%
95%
17%
17%
17%
17%
17%
Ferro
46%
47
47
46%
47
Fidel Phen Fire Ins N Y
Firestone Tire & Rubber
40
39%.
39%
40
106,,;
*105%
38%
38%
39%
*105%
106
38%
38%
•
/
4% %
38%
22
20%
20%
105%
105%
105%
105%
35%
*34%
First
105%
35%
35%
22
22%
Dept Stores
preferred
$4.50
Co
13%
13%
53
53
10%
10%
*106%
13%
107%
V 45
7%
*145
*10%
;
10%
106 %
7%
7%
.
146%
*145
9%
;
12%
*89%
13%
89%
28%
*28
144%
35%
114%
5V«
13%
146%
9%
5V«
13%
*143%
41%.
9%
5
4%
35
90
5%
13%
89%
21
5
4
3
Jan
4
22% Jan
3
93
Jan
5
38% Feb
19% Feb
8
21
4
9
104% Jan 13
34% Jan
13
1
10
..—.25
No par
.
pfd
100
10
Co
1
preferred
100
(The)
cl A
No par
1
Co
(The)
....
20
.—A 0
par
1
5
preferred
50
Gen Amer Investors...
..No par
conv
$6 preferred
Gen
Amer
No par
5
Transportation
General Baking.——.u—.;—._5
$8 preferred—.
.—..No par
10
■
3% July
18
Jan
par
Wood Industries Inc
5%%
107%
45%
7%
14% Jan
100
35% Jan
Gaylord Container Corp
-54%
•*45%
*
45
Gar
13%
*53
% Jan
3
105% Feb
...
(Robert)
preferred
Gamewell
4%
Jun
29% Mar
10
Corp
Trailer
conv
6%
26%
4%
Jun
Nov
—100
prior preferred
Gabriel Go
14%
*26-
Nov
9%
14%
14
par
preferred
Galr Co Inc
5
20
78
T:
3
Feb
9% Jan
No
(The)
5% Jan
3
Machinery Corp
5%
3%
8
...No par
10
Fruehauf
3%
78% Feb
27
Freeport Sulphur Co
26
33% Jan
X22
Jan
10
preferred
conv
6%
4%
5
100
Francisco Sugar Co..
26
4% Feb
No
F'k'n Simon & Co Inc 7%
14%
24
45
.
Stores
Foster-Wheeler
14%
26% Feb
$2.50
Food Fair Stores Inc.
3%
3
Jan
No par
...No par
Food
*3%
Jan
17
Florence Stove Co...
5%
*14%
Jan
3%
1
preferred
National
Fllntkote
par
100
Corp
Florsheim Shoe class A
Follansbee Steel Corp
35
68%
17% JaU
24
105%
Jan
5
5
Federal Motor Truck
96%
.
52% May
8
15
Federal-Mogul Corp
conv
Jan
8%
17
19% Jan
Enamel
16% May
16% May
39%
Jan
2
VA%
Jan
11
12% Feb
Rad Corp.l
$6 preferred
5%
24
4
Federal Min & Smelt Co
.
23
2% Jan 25
Fairbanks Morse & Co
17%
Feb
12% Feb
10
Exchange Buffet Corp...
101
13
t per share
54% Feb
21% Jan
25%
35%
'jf
Highest
S per share
15
<
*3%
Ex-Cell-O
S per share
6% Feb
10% Feb
Cleaner.
Co.—,.
'
3
Year 1043
■:
Lowest
78% Feb
Vacuum
Products
Evans
12
3
46% Jan
RR Co
25%
■
4
9% Jan
int—
5% pref series A
Erie & Pitts
82
12
Range since January 1
Highest
Lowest
$ per share
34,200
54%
7'/a
7%
12%
Range for Previous
slOCK
iUKh
EXCHANGE
4,700
12%
,
54
NEW
Shares
12%
*77%
82
x7V«i>:
12%
12%
for
the Week
$ per share
13
*77%
i
Sales
Feb. 25
•
$ per share
13
54%.
_
£
82
Friday
Feb. 24
S per share
54%
25%
Thursday
STOCKS
i
;
Feb. 23
...
RECORD
PRICES
Wednesday
Feb. 22
12%
11%
'77%
,
SALE
Tuesday
share
54
'54
"77%
per
HIGH
General Bronze Corp
5
General Cable Corp
Class A
90
7%
No par
par,
preferred....
cum
100
..
28%
27%
144V2
144%
144%
35%
35%
35%
General Electric Co~
.....No par
41%
General Foods Corp
$4.50 preferred
—.No par
42%
28
41%
114%
•114%
115
105%
*■130 %
117
105%
J31
54%-A55
«
7%
127%
128
*42%
43
6%
6%
No
preferred
.
No
General Mills.——
5 % preferred—*
»
7
10
115
Jan
102
11
No par
100
Jan
4
,128% Feb
3
10
51% Feb
4
par
125% Jan
28
par
36% Jan
4% Jan
3
$5 preferred...
..—...No
Gen Outdoor Adv A
—No
Common
No
Gen Precision Equip Corp
General Printing Ink
preferred
par
3
No par
1
No
par
Gen Public Service
10c
Railway Signal
6%
3
2% Feb
General Motors Corp
Gen
Jan
xll4% Jan
A .No par
•:
Gen
41
par
No par
$6 conv preferred series
$6
par
100
Gen Gas & Electric A
2%
2%
*116
General Cigar Inc
No
par
preferred
100
Realty
& Utilities
$6 pref opt div series
1
No par
General Refractories
No
General Shoe Corp
par
1
Gen Steel Cast $6 preferred—No par
23%
24 %
*20%
115
20%
9%
101%
9%
Gen Time
115
20%
101
General
21%
*20%
*110
20%
100%
24%
*24
21%
*110
20%
102
6%
Telephone
Corp
Instru Corp
20
General
4%%
Tire
Rubber
&
Jan
6
Jan
14
5
Co
preferred
100
Gillette
9%
9%
78%
78%
12%
12%
12
12%
Cfclmbel Brothers
No par
86 %
$6 preferred
No par
86 %
*85%
Safety Razor
conv
preferred
$5
19%
*19%
19 %
47 %
47%
47%
1%
*1%
1%
Gobel
3%
3'/a
JGoebel
3%
*100'A
,
42
110
42%
'
101%
43
100
J
100
;42%:
42%
*102%
103%
103 %
*102%
103%
38%
40%
40%
39%
39%
108%
108%
108%
*108%
108%
10%
*105
10%
106
11
10%
11
106
*103%
106
Glidden
4% %
Co
No par
No
Brewing
Telegraph Co
May
14
87 % Feb
4
'A '.Sep
85%* Oct
4
20% Jan
14
Feb
2
47% Feb
25
1
Jan
3
1% Jan
10
1% May
2% Jan
4
3% Feb
21
3%'May
85% Jan
3
100
Feb
18
22% .July
48
:'Jun
97% Aug
7
44
Jan
5
104
Feb
17
102
Goodyear Tire & Rubb——No par
$5 conv, preferred..,
No par
36% Feb
8
40% Feb
23
104% Jan
3
108% Feb
23
41% July
108% July
Gotham Hosiery..—.
No par
Preferred
<
—..——100
100 % Jan
-
Iron
5%%
preferred-.—'
Grumman Aircraft Corp
hi 8%
44%
*R
45%
45%
Gulf
Sugar
preferred—
7%
Hall
Water
preferred class A.
Printing Co
Hamilton Watch Co
6%
preferred
26% Feb
24
148% Jan
11
Feb
3
50% Jan
5
22 % Jan
24
12% Jan
14
No par
No pa*
Corp————
Hackensack
Dec
,100
,_T1
10
1
No par
—•——.100
preferred—...
Oil
Apr
No par
Gulf Mobile & Ohio RR..
44%
9%
101%
6% pfd—No par
,100
25
Oct
2
20
Prop—No par
—
Sep
19
10
Ore
45%
Feb
11% Feb
105
No par
Greyhound Corp (The)
Guantanamo
3
25
1
5
Co
preferred
Nor
8% Jan
No par
Co
Steel
(W T)
Preferred
7
74
3
3
Green Bay & West RR.
Green (H L) Co Inc..—
855,
Jan
% ;May
18
Feb
Feb,
Great Northern Ry
page
x83
9
79% Feb
13
18 % Jan
Great Western Sugar—.—No par
see
6
19
25
Jan
5%
footnotes
Jan
11% Jan
9Va Feb
40
Great
For
69
4
25
98
(B F)_—
Co
preferred
Grant
9%
3
Feb
No par
5%
Grand Union
135%
7% Jan
14
21% Jan
102
No par
Goodrich
Granite City
134%
17
Jan
46
par
1
100
Co—
Graham-Paige Motors
Granby Consol MS 81 P.
A: 9% A
8
Feb
21
24
24
1
preferred
(Adolf)
Gold & Stock
par
19% Feb
99
Feb
21 % Feb
110
50
No
(The)
conv
20
19
110
79
79%
22% Jan
par
100
No
preferred
67
12% Feb 24
4% Jan
8
138% Jan
3
10 % Feb
1,7
Feb
17
46% Jan
5
28% Jan
12
45
Jan
5
16% Jan
18
14
Jan
17
107 % Jan
24
36
THE
Monday, February 28,
COMMERCIAL & FINANCIAL CHRONICLE
RECORD
NEW YORK STOCK
Range for Previous
'
HIGH SALE
Saturday
Feb. 21
Wednesday
Feb. 23
Tuesday
Feb. 19
S
Monday
Feb. 22:
per share
*106%
16%
*143
107%
16%
144 L'-
■t per
*105
106%
*7
share
-
107% 107%
16%
"143
__
1
*6%
—
"105
106%
*105
' } $ per eiiare
__
6%
6%
6%
*6%
$ per
share
107% 107%'
16%
16%
*143 '-''144
PRICES
7%
16%
144
6%'
106
■
lVz
7%
.2%
,--.w
S per share
106 %
16%
16%
6%
7%
7%
2%
V<
,<-•
'
*2%
100%
*69
2%
100%
100%
__
....
71
—
"70%
■
160%
*160%
__
24%
25%
:
-
*78%
*131
*
63
115
Q-2"
•
79%
133%
64 %
■
—
K
25%
79 '> ■
"131;
6% Jan
•
2% Jan 28
■
Feb 18
63% Jan
,
6
3 - Jan
106% Jan
:
86 'Jan6
Dec
1%
93%
56%
152
4
3
75% Feb- 25
,
.
80 "•'
40
' .'6% .* cum preferred——r.No
Hersh'ey Chocolate,.
y
100
*64%
116%
■'■M
100
/
par
V: .--.V
■.
Hi'nde &Dauch:Paper.Co—
*19%
Hires Cb;(C,E)
100
*21%
.ThC-i——L
16%
500
15
800
{
*116
20
'
42
2,300
.
*43
500
*.
7%
31%
vHonxesfcake Mining.'
.
L Houdaille-Hershey cl A
5%
1,800
25
24
3,900
.16
16%
157/a
16%
36 VB
36
36%
1,800
57%
57%
56%
56%
90
13
13
13
13 V8
1,340
17
17
;
*97%;-97%
160
74
74
■
J.0%
10%
10%
10%
77/8
7%
*31
113
*111
113
70%
71
169%
170
7%
;
t
7%
3,500
71
70%
470
169% 169%
.
-
4% Jan
10% Jun
22% Jan
4% Jan
29% Mar
11% July
1% Jan
7
8
Jan
6%
■
8%
Nov
6
Jan
144 %
2% Feb
5% Feb
Jarvis
37
Jones &
24
10
1
17% Jan
15
16% Feb
18
30% Feb
15
Jan
3
14% Jan
25
31% Jan
14
Feb
10
Jan
19
131% Feb
—„
-
Corp.—
9
140
Co—
—1
Cd Inc..—.—_L—JVo par
preferred..;
100
3
1
.
110
91
LLlL-
100
Chicago RR stamped__100
Laughlin Steel....
No par
:-•: .'Preferred
&
Feb
Feb
14% Feb
14 Vb Feb
Johns Manville Corppar
Joliet
31
117
fW B)
4 % %
/,
Jan
x64% Feb
Coal...
preferred-.-
Jewel Teh
7
43
Island Creek
$6
5
25
; 74%'Jan 12
Teleg..
Foreign share ctfs.—
Interstate Dept Stores
Intertype
14
14% Jan
8% Jan
preferred
16%
Feb
69% Feb
Paper Co——
Intern'l Telep &
30%
21
28% Jan 17
134
International Salt.——
International Shoe...
13
20
.—-
International Silver.—iLLL
13%
17
16% Jan 21
69% Jan
Canada-—..
37
16
Jan
Jan
162
conv
'7%
Jan
56%
42%
62
Jan
Jan
6
■
120
Jan
21%
preferred.
Inter Rys of Cent Am
\ 5 %
preferred—
73
Nov
106
preferredi.... i-LL
Corpl
Interna tionai
Apr
Jan
9%
International Mining
:.'; 5 %
68'/a
Jan
Jan
62
Svi Preferred
69%
Jan
11%' Jan
v.;.preferred;'-—J-i--'—LLi;
Int Nickel of
14%
-
,11 Jan '
4
18%
Hydro-Eleo Sys class A.
-
5% pref series A————100
.5% pref series B eouv.—
100
Joy Mfg Co—.i——
—.1
xl2%
10
Kalamazoo Stove & Furn
121
No par
City Southern
No par
100
4% non-cum preferred
Kaufmann Dept Stores.....
1
5% conv preferred.
—.—.100
Kayser (Julius). & Co.
___5
Keith-Albee-Orpheum conv pfd.100
1
Kelsey Hayes Wh'l conv cl A
7 Class 'B
_1:
Kan
City P & L pf ser B
104 V4
104%
*103%
104 %
18%
*17%
18%.
*110
112%
21
20%
20%
13%
13%
13%
116
*112
Kendall Co $6 pt pfd A
116
31%
X30%
31V4
Kennecott Copper...
*19%
20 Va
*19%
20 %
Keystone Steel & Wire Co
*32
33
31
Kimberly-Clark
Corp
_i.No par
No par
Jan
Dec
19
' 7 Vz
.
Jan
Dec
5Vi
Kansas
*17%
'Jan
83
Jan
11%
Jan
103%
Feb
14%
Jan
8%
Jan
Jan
102
28%
Jan
15% Jan
No par
No par
25
Jan
1%
Jan
34%
Jan
18%
Jan
2%
Kinney (G R) Co..
:
—.1
$5 prior preferred.,!..—..No par
Kresge (S S) Co
;
10
Kresge Dept Stores
1
Kress (S H) & Co
;
No par
Jan
23 Vb" Jan
12%
12%
67 V2
590
28%
300
18%
18%
200
40
400
•'*39%
9
*22%
*115%
9%
800
117
,
6%
9.300
1%
1%
3.300
18 Vb
1,100
37%
200
43%
900
7%
7 V4
14,400
*41V4
19 Va
43%
855
1.700
37%
page
17.800
31V8
19%
see
18%
31 Va
footnotes
p
>
,
6%
F"**
;
11,700
22%
42 V4
No par
Laclede Gas Lt Co St Louis
5% preferred
Lambert.Co (The)——No
Lane Bryant
....
No
560
66 Vb
*27%
.
247/b
100
100
Lehigh • Valley RR
50
Lehigh Valley Coal
No par
;
Sw/> conv preferred
50
Lehman Corp (The).
1
r' Lehn & Fink Prod Corp.——.,——5
Lerner Stores CorpL..;.—.L.No par
Libbey Owens Ford Glass
No par
7
Life Savers Corp
L
f,
5
Jan
17%
Jan
11 %4
Jan
26%
Jan
8V»
Dec
■ja
Jan
20
107%
Jan
2%
Jan
U Jan
11 Va
Jan
14%
Jan
23 %
•
Jan
24
.
Libbv McNeill &' Libby.
Jan
35
par
par
Lee Rubber & Tire—
,:._5
Lehigh Coal & Navigation Co..No par
Lehigh Portland Cement.
L25
4% conv preferred
100
Feb
9%
Kroger Grocery & Bak
2% Jun
Feb 21
37
.International Min ?&iChem.
135 %
13%
4
% Jan
Feb 21
26% Jan 11
9% Feb 25
,6 %
%
135 Va
1% Jan
-
.
Nov
Int
5%
*112
9% July
41% Apr
9
12
6%; prefbrred——
ci
27%
27 y*
•
Jan
Nov
68
5 Vb
6
23
Feb 18
8 % Feb
4
preferred—
Intercont'l Rubber^i.i—
Interlake' Iron.—
:
;/• Int Business Machines...
A International Harvester.:
1,000
16 %
13%.
July
68% Nov
-
2
1% Jan 11
.
100
.No par
Insuranshar?6 Ctfs Inc..
6,400
158
*155%
67%
112%
114
i
3% Jan
30% Jan
interchemical Corp.
f
16%
*20%
45 July
-17 ' July
57% July
-
59% Aug
Inland Steel Co—'—l~.
Ihsplratldn Cons Copper.
2%
*110
17*1 Apr
117' Aug
42% Sep
,
«
Mar
vl-5
1 17% July
-
44
105
July
Aug
21% May
25% July
40% July
1
9% Jan
Jan
=
86%
::;
1,700
7%
7%
'Jun
Jan
36% . Jan
32%
70 ■-/?"'f
7%
7%
157%
,
115
31
.
32
7%
,'
Jan
158%
'
,
300
32
7%
*7
Lt.
700
156
:
-
12% Sep
Ingefsoll-Rand—Li-LLi-i
4,000
111
'
A__
Indianapoiis: Power &
' industrial Rayon—
.1,300
7%
,
14% Jan
16% Jan
28% Jan
4
•
u;
40
160
75%
7%
3
71
118
*-
series A.
RR See ctfs series
600
74%
31%
Jan
.
Jan
'Jan
Leased lines 4%
700
*39%
97%
—100
preferred—.
non-cuin
6% preferred
:
.1,000
40
,
40
160
.
49'
100
8% Jan
.7
34
Jan 27
108
•
-
29% Dec
87: Jun
136% Aug
Deo
Idaho Power "Coi—
Illinois Central RR Co...
.
29,600
'36%
160
„
Jan
128 ■
.
,7% Feb; 3
30% Feb 21
..
-
Jan
J'
63'. Feb - 3
.No
Hud Bay Min &. Sm Ltd—
.No pat
Hudson Motor Car...
L1'
Hupp Motor; Car Cbrp-i.'-L.
11,900
•
16%
•* '
-15% Jan113'
116 . Feb 23
45 % Jan 25
43% Feb
1
16
Jan 17
59% Feb 23
110% Jan 10
66% Jan Id'
42% Jan 20
13% Jan
3
54
Jan
3
.No par
Manhattan
' Hudson &
1,000
1,000
97%
10
.
3,800
16%
———
'J
^v
3% May
110% July
71
Apr
172
Aug
Jan
Jan
.,
3
*39%
13% Jan
—5
,
___
63 y4
25%
—10
par
" Class BJ—
Household Finance———— .No par —100
'5% preferred!
.No par
1,700
Houston Light & Power Co..
.—25
1,800 ^Houston Oil ofiTe^as' V t c.
.5.
2,300
Howe Sound, Co.;—
*59
25
———i:
,
7% May
109% Oct
10% May
->
12% Jan
73
Jan
Jan 5
Feb 16■
Jan 21
Jan 21
20
Jan
3
22 * Jan
7
39% Jan 12
16% Feb =7
19% Feb
2
20% Jan 21 37% Jan- 25
——-10
100
*110
>)
<4
.•
Mo par •■•#,<* 13 % Jan v 3
Holly Sugar. Corp———
100
116
Feb 23
".
7 % •• preferred———.—I—12.50
39
Jan
4
2,500
:i5.
•
.
•&.
|' Holland .Furnace{Del) LL-L
t; Hollander & Sons <A)~—
600
3
38
81%
132%
66
116 -
76
par
.No
/ $4. conv preferred-iLii.L-
:
f
163
Jan 21
!; 27% Feb , 25
9
Jan 27
Feb
4
128
Jan 18
63
Jan 3
114% Feb * 7
23
.
->--100
'
133%
.160% Feb
.lloo
7% non-cum. preferred—
.No par
Hercules Motors..
LI——.No par
Hercules Powder—i.'j.—
300
107% Sep
18% July
4%'Jan
;
7% Feb 23
3
100
<
25
"/
10
20,500
26
115
■
104 % Jan -• 5 1
•
144% May
Feb
135a
Feb
4
6% Jan 18
106 - Feb: 24
143
-
•
73
160%
64%
—.25:
Jan -<8
5% Jan 14
...
———2'
'■■■•:'HaSel-Atlas> Glass:; Co—i—
100 ' 'Helme (G\W)'
-
410
101
"114'/2
...'
Hayes Mfg CorpL,—.-_
10,200
v
138
;
.
99% Jan
13 % Jan
108
Feb 11
" 16% Jan 6
Feb
3
15% Jan 13
104
,
.
Highest
-1 per share
$ per share
,
■
■■
108
'
7%
x7%
Year 1943
Lowest
-
t per share
$ per share
-
(M A) Co $5 pfd—. Mop a*
Harbison-Walk :Refrac,-—- .Hq jpar
100
:.,,6%-, .preferred
100
Hat Dorp of Amer.class A^. .——_!■
-100
20
•;
6%.% .preferred—
———I
3,100
Hayes, Industries ! Inc.;—..—
6%
"6%
*104
106
.' -,
-1
Par;
Hanna
;■
; 1,800
£
•,
10
143
143
144
*6%
106
..
90
108%
16%; 16%
EXCHANGE
Shares
t per share
*106% 107%
*143
!:
the Week
Feb, 25
Highest
Lowest
■
Feb. 24
-
Range since January 1
NEW YORK STOCK
Sales for
Friday
Thursday
i
STOCKS
■
LOW AND
1944
Jan
31
Jan
5
Jan
30
Jan
2% May
Volume
159
Number 4259 ";■$
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
RECORD
LOW AND HIGH SALE PRICES
Monday
Saturday
Feb. 19
S per share
"69
*68%
70%
175%/
"261/a
175%
:
28
176%
39%
39%
*381/4-
*18%
191/3
*22V8
17%
17%
58%.
47
29%
*39
39%
"18%
19%
100
•
42%
10%
29%
29%
.29'%
-29'%
58%
"
18
18
18%
18%
*156
158%
21%
*21%
21%
21%.
21%
21%
78%
78%
78%
78%
78%
78%
4
a# Am
Loose-Wiles
Lorillard
—
4M.
m i*.
.No
4im
Biscuit***.—*«.-
(P)
19% Jan
715% Jan
28
1,000
Louisville &
100
,
29
29%
*15
15%
16%
392
•
7%
xl6 %
•
7%.
6%
•
6%
151/2
15%
13%
13%
2,900
18%
18%
18%.
19,v
6%
6%
6%
6%
5,200
39%
40.%
5,800
*26'%
.27'%
100
39%
27
27'
21%
7
-Feb
14
10
15% Feb
—X
—
No
54%
4%
*107
/
110
*16%
•/
167/s
*105
'
16%
*105
109%
*107
21'%T-
*21
30
*29%
15
*14%
50%
*49
50
'*23 /
•
233/8
23 y8
98%
10%
103%
*112%
113%
8%
4,
/V
.
8%
98%
*98%
49%
*10%
7% Jan
113%
*74%:
75%
*33%
34
753/4
34'"77'"
9'A
9%
393/4
"*9M4
■
•-
/
75%
8%
28%
'
'
6%
6%
t 6%::
■
33%
,.
9%
9%
_
40%
V—■•"-
26
77'%
'
8%
'
29
7
33%
'
/•
78
•
v
...
33%
9%
'
40%
27":
■
28.'%
•
6
6%
25'%
—n
——
*71 %
72%:
*106
73
'
/"
*106
112
*110
,■••1.' i.'w" r;!;
V"V
73
—!
25%
May
July
138 Ma
Nov
Jan
37%
Jun
30% July
Jan
15% Feb
12
19%
10
Jan
15
Nov
315
Nov
18
17
Jan
5
370
Feb
15
18
•
21
8% Jan
17
7
3%
8
-
40%
'
40% :
.
27 ;
■
1,200
.
•
v.63/4
28'%
:
28,'%
•
v
3/4
6%
'A
6%
.26'-'.
25%
123
123
29
•
25%
28 3A
Sep
Apr
12
1%
Jan
6% Jan
27 "
5
15
0
9%
Jan
*17
July
24
14%
Dec
24
May
6% Feb 24
:
37/e
Jan
19*
16lA Jan '.3'
.
3 % Jan
/C.d 77 jgn
6% Jan
14% Jan
5
13% Jan
Feb
■
•
4% Jan
3
38% Jan
7
27 7, Jan
:
25
*54%
123/
.
/v
73
*72%
.
*10S
■'J
112
54%
108
•
*110
.
54.%'
73
55%
124
*122%
20% Feb
173
73
.
'
*106
112
7 1Q7
*110
7
112
*73
.
:
31% May
43% July
27
22
32
22 y4 Jan
8
19% Nov
14
r :/;.;*110 .7
•
175
Jan
24
165
Jan
176.V
Aug
4
56
Feb
24
37
Jan
60
Sep
4% Feb
15
5% Jan
5
2% Jan
7:35% Jan
12
.21% Feb
19% Jan
16
110
Jan
23
28% Jan
28
14 lA Feb
11
48
Jan
29
Jan
109% Feb
30
Feb
Jan
12% Jan
104
3
52
Jan
8%
Feb
Feb
4
800
Feb
11
112% Feb
9
10
•"
8
Jan
Jun
11%
113
3
Feb
Sep
6%
101
21
/
6
•
ays Jan 15
86
-Jan 29
Jan
Feb
115% Aug
10 3A Apr
Jan
67% Jan
Jan
89
Feb
Jan
3
77 Va Feb
24
60
Jan
78%
Sep
Jan
22
34% Jan
7
27
Feb
(The)
*_1
4
10 % Jan
20
34% July
12% July
1st
150
conv
4-
8V'e3an
37
Jan
26
Feb
14
27
Jan
3
8%
;
preferred**
Machine
Co.*.
4
Steel
1st
cum
25
41V» Jan 29
Jdn
Jan
42
July
■
29% Jan
9
29 y2 Jan
17
23% Sep
323/4 Mar
26
7
34 V'i
Apr
9 3/4
Apr
Jan
5%' Jan
6% Jan
3
6% Jan
5
24% Feb
4
2^/2 Jan
4
18%
Jan
303-4
pat
27 % Jan
5
20 V4
Jan
31%
preferred-*——100
116% Jan
106 y2
Jan
**5
—
No
Z7'
13
4-
54% asb
24
71% Jan
26
107% Jan
28
—
•
No par
29yaJan
1237
Feb
15
55% Feb
75J/2 Jan
12
Sep
Jun
18
58
128
Feb
July
conv
108-
Jan
76% May
Apr
107
110
Nov
113%
Feb
3
7
Feb
107
pfd series B__*
lOO
4%% preferred series C——100
^2%
4%
10
Copper.*w
Minn-Honeywell Regu
4%
v■■
.
32
Minneapolis & St Louis Ry
300
•
.
25%
24
10% Jan
Sep
16% May
50% Apr
14% Jari
25
99
Oct
29
Jan
38% Jan
25
24
9
113 Mi
19% Jan
15% Jan 21.
14
Jan
'
Oct
Sep
22% Aug
173/4 Sep
11% Jan
4
23
24
22% Jan
36
110
100
3
Jan
17
13
109% Feb
7
Jan
22
5
7 % May
70
Petroleum—
■fi'
112
27% Mar
18
•82.
5%
300
.*106 ...." 107
:
July
32% Feb
9
107
Jan 21
par
Products
.
,
Jan
Jan
98 % Feb
No
B w w
ser
Midland
74
';.
Jun
14
28'% Jan
52T« Feb
Mesta
160
54%
7%
1*1
pfd
Mid-Continent
.
*54.
.
6% July
18% Apr
x41% Feb
par
No
Miami
"•■•;'
:
'
'
il8
A
43/a July
16% Feb
3
12% Jan
.
pat
Inc
3,300
:
■
Jun
2%Man
2% Jan 19"
1
10
2,400
28%
8%
12
Merch & Min Trans Co**—*No pat \
—
400
.
Jan
Mar
Mengel Co
/
•
.
Deo
24 3/4 Mar
320
par
$5,50
480
m. —
.'■■■!
28%
15%
19%
par
1
LNo
series
7
Jan
100
*
preferred
.
Melville Shoe Corp
120
300
-
9%
*25:
,
28%
25%
28%
123.
-
■*
:••••
V; .'~
.
*110
"
/ 29
133
7.28
•
32% Feb 25
3
'
.
55'%
55%
120% Jan
i
17
j&n/. 5
Jan
6%^ conv preferred**!——100 ;
Corp
.—No par ■
$6
10
'
55%
55'%
July
6%
Mead
2,900
7
"
;
6%
■
9%
*24%
.
28%
;
•
J Z ""——
'
124
*123
123
123:
29
*28'%
79
14 y4
.McLelian Stores Co——*—1*1
10
/
88
*77%
33%
40%
;
28%
25%
25%
25%
*23
Jan
:•
22% July
%i 59% Jan
5
.
'
*25%
No
;
Alkali Wks—**—No
$4 preferred
,1,100
113%
*86'%
77'%
'9;%
.
40%
*24%
*28
6'%
.
15% Jan
13
163'% July
25
**_5
Co**
McKesson & Robbins
700
'
v
27 74
28
138
'••••.••.36'''
Jun
Jan
Feb
*
"1,500
:
10%
8%
7:
88
*32'%
77.
33
.
-
*86
.
28%
*24%
27%
*27%
27% Feb
14;
21
Oct
21%
16% Oct
148%
21% Feb 24
Feb
31
11
'
•
15
,
*Tl23A«
113%
x87% •7
86
.,
86.
40%;, 40%;
393/4
*24%
17
Jan
11% May
Jan
19% Jan
'
.
29%
10%
.
s
*9
Mathiesoh
0% Nov
18 Mb
25'
80
51%
14
-
•
233/4; "•24/
*98% ' 99%
v
10%
*112%
.
>8%
.
86
*33%:
*74%
18 r/a Jan
157% Feb
•;;; 64% July
*/
24
Maytag Co*^
No par
$3 preferred——
No par
$6 1st cum preferred——No par
400 ; a McCall .Corp——*—*—
UJ1
1,500 I McCrhry 'Stores Corp
;***..*-.«—1 ;
100
5% conv preferred w W
—**100
:
::7,
500 '' ..McGraw. Elec Co—***—*!: —.*1.
McGraw-Hill Pub Co
No par '■
100
Mclntyre Porcupine Mines
1*5
49% / 49%
71.7"
99
10'%
10%
*112%
•'
8%
*85%
86
14 *
Jan
Jan
10 % Feb
.,
'
*85%
11
25y8 Mar
42%
18% Feb
—
1% preferredMay Department Stores
100
Ill'A
.
*14%
23%
99
•
"
; ' •'" 113
113
8%
•:
15
23'%
23'%
..723/7':;
"y< \
10'%
10%
*109
29%
*49-
'
'21% 721%
*16%; 17 7
,
24
29% Jan
21%
37%
:
'
23%
98%:
49%
.
30
*14%
15
*49
7
.;
Corp__
Elec
Jan
21% July
Jun
Jan
25
3,400
•
16%;;
in'A /
30
4%
34%
34% &
*107 7' 110
-21%,
16 3A
29%;
'"'4%.
.110
*109
109%
29%
.
U
,
34%
21%
*14%
98%
98%
"
fi ."^1, ;V"
Master
1,200
.-4%
.
*107
17
16%
109%
'"■
15
*49
-
—
•
'
29%
*14%
21
■
800
-
56
' .43/4
*33
110
21
_
/
16%
7, 109%
*29%
? -
35 7 '
*33
\
--
110
*107
;2l%
•4%
4%
35
*33.:,
21%
-■
4%
4%:
43A
35
*33
Masonite
1
!
•
,55%
55
10% Feb
3
Jun
par
*
Martfn-Parry Corp*—***—.fto par
/
Jan
315
Market St Ry 6% prior pfd_
100
/Marshall Field & Co
.No par
Martin (Glenn L) Co
1
7,400
^
21%. 21%
"172
:
174
'
21%
174%
*172 '/
6
16
3 *
27!% Jan
'
39%
60% Jan
47'% Feb
:34% Jan 27'
50
Maracalbo Oil Exploration,
Marine Midland Corp
•
1,330
13%
.
3/
24
3
26% Jan
"
12% Nov
12
No par
Bros—
.7 Manhattan Shirt*
6,000
15%
15%
'13%'
Sugar Co*
Mandel
200
200
,
6%
.
Manati
100
2.%
•
15%
5
135
par
Magma Copper
Mahoning Coal RR Co—
7,800
V
—No
Madison Square Garden.
'
1,300
11.:;
2%
•
*
18% .10%
2%
6%
*101/4
18%
*2%
392
20
24
69% Jan
Macy (R H) Co Ihci*i-£,U.—No pat
200
%
;&v7%;/.:^%
*10i/4 /II/7
*18%
14,300
:'a6.%
"360
■
Mack Trucks Inc
500
*15 % 715%
15%
*350
-
.35Ms
•30% - 31 v
*3514
Jan
Jan
July
.182% Aug
28% May
44
May
43
July
12y8 Jan
18% Feb
7 Jan
'
35%
1
23% Jan
203's Jan
.No par
100
Nashville..;
t MacAndrews & Forbes****—*—16
6 % preferred—-**
—
.**100
20
,
151
100
24
34%
:
13
Jan
17% Feb
10
■
22% Jan
share
71
73%
7
Dec
28
8% Jan
23
Co:—
1% preferred——:
Louisville Gas & El A—
-
900
'
27 *
"26
"135
21
■
.
Dec
171
15
Jan
20 Va Jan
40% Feb
20
21%
78%
27
40% Feb
40
4*
'
21%
*35
15
6
•58% Jan
1,800
157%
78%
*26
Feb
3
Jan
18% Feb
par
'
*135
28
t per
;,i
62% Nov
25
37
Lone Star Cement Corp—» .No pat
.No par
/•Long Bell Lumber A
600
181/s
18
Jan
38»A Jan
;
6,300
29 %
178
3
Loevv's Inc
11,600
;
31
26% Feb
•2.600
421/4
157%
158%
_No
62
Jan 31
72
73'/2 Jan
par
....
17,000
,
io%;iq%
18%
18%
*156
158%
8
3
Highest
I per share
Lima Locomotive Wks_—. ,_No pat
Belt Co
:
.No par
400
;
58% V 58%
*29%
174 % Jan
Lion Oil
'
*156
Lowest
7
I pet share
3
.No par
Refining Co
Liquid Carbonic Corp....^—. No par
Lockheed Aircraft Corp—
—1
22%
18
67 >% Jan
Link
'
.41%
*
Lily Tulip Cup Corp..
"2,600
17%
47%
10%
40
22%
18%
47
200
-
'
40
22%
'••17%.
j. :27
68V4Jan
25
*
Preferred
/'
300
19%'
58%
-
.7'
25
rreviopp
Year 1943
Highest
—100
Series B
90
39%
58%
10
176%
40%'
*26
' 10%
47
.
/Liggett & Myers Tobacco—
1900
28
22%
17% ' 17%
58%
"28%
Lowest
I per share
Par
100
"
70
*175%
176%;
*19
22%
58%
10%
*70
-
39%
39%
19%
47
Range since January 1
;
EXCHANGE
Share*
70'
39%
39%
39%
22 %
70
28
28
39%
*10'A
lur
NEW YORK STOCK
the Week
I per share
?■
70%
69%
175 J/2
*18%
v
Sales for
Feb. 25
I per shM~
*68%' 10'
70
*68%
*38 y4
.
S per snare
s per share
71
28
221/4
/"
Feb. 24
Feb. 23
70
70%
*175%
STOCKS
Friday
Thursday
Wednesday
Feb. 22
t pet shure
70
70%
Tuesday
Feb. 21
•
Jan
8%
jun
"
"
6%
6%
6%
99%
99%
*18%
18 %'
2%
2%
6%;
6%
991/2
99%
18%
.:■/
:
2%
2%
99%
400
18%
'4,400
Mission
2%
2%
2,900
14,900
Mo-Kan-Texas
$6.50
11%
11%
11%
:11V2 :
30%
29%
29%
*29%
30
77%
77%
76%
771%
*77
77%
*112%
113%
112%
112%
*116
117
11%
11%
/
*111%
117
*116
110
*109%
44
43%
38 %
99% Feb
19
64% Jan
98
5
19%-Jan
10
13%
25
2'A Jan
3
2% Jan
5
1
8'/«.Jan
38%
6,500
24%
24%
25
3,890
*17%
17%
17%
17'A
17%
17%
1,900
Motor Products Corp
.18%
2,200
18%
18%
18%
18%
27%
*27V4
27%
27%
28
"5%:
5%
5
75
73%'
74
*21%
22%
21%
*72%
74
73%
*115'
9
9
9
'
*%
•
13
;
*15
115
"
9
:.
*45%
..%
■.
*
580
-
500
40
,1,800
200
%
35%
15%
15%
J'? *35 %
15%
15%
9%
9%
9%
9%
11%
11%
*11%
11%
11%
11%
11%
11%
11%
21%
21%
170
*17%
9%
10%
29%
29%
29%
29%
29
29%
*12%
13%
*12%
13%
13%
13%
117a
*11%
11%::
.11%
11%
20%
20%
20%
20%
20%
13%
13%
13%
14
14%
*11%
11%
*11%
11%
*11%
11%
20%
30%
30%
30%
30%
30%
20%
.
13%
*26%
27%
*26
>
•9%
19%
19%
5%:
.
20
165%
20
20
.
20
30% /30%:
5%
.
59%
59%
59%
59%
12%
13
12%
13
13%
13%
27%
27%
"27%
'
81%
86%
27%
81
82
*81%
86%
*86%
*86%
5%
••'«'
*9%
*14%
*23
*100
82
*57%
59
108%" 108%
*28%
28%
21"/
28 %
16%
16%
59
"IT; j'.
For
14%
footnotes
*101
17'A
16%
see
page
14%
855.
14%
:
*101
102
''
7/7;7~,/7
24
11% Jan
18%
Jan
18
21% Jan
31
Mar
5% Feb
25
2% Jan
7
Jun
Apr
3
Feb
25
53
Jan
77
Jun
21% Feb
17
15
Jan
23%
Jun
y4 Feb
10
76
62
Apr
79%
Sep
112% Jan
13
Jan
6
116% Feb 24
111
July
8% Jan
3
70
43% Jan
87
v.^26.%"' :27:.ffi
'9%
9%
90;90 ;
m
•
82
_
5-
9% Jan
47WJan
5%
19
17
117
Aug
11% July
Jan
34!% Jan
44
Feb
Jan
137/e Jan
9
Jan
20% Jan
168
par
18
Jan
Feb
8% Jan;
.
28'A Jan
12'A Jan
19
% Nov
6% Jan
% Jan 10
11% Jan
30 >A Feb
Stamping——No par.
1
Natiohal Gypsum Co—*.
—No
$4.50 conv preferred
50
13 y4 Jan
Jan
26
,
*
77
5
17
23 %
Jan
403A Apr
3
15% Jan
31
13
Dec
19%
8
31'
4
10% Jan
5%
Jan
11% July
8%
Feb
12 M4 July
17
8 Ms
Jan
13% July
15%
162
Jan
23
Jan
176
18
7/11%'Feb 24
11% Feb
5
3;
22
Jan
18
170
Jan
29
Feb
3
16% Nov
21%
i ll
Feb
25
5%. Jan
10%
Sep
297/b
Dec
6
29% Feb
3
17'
13% Feb
164
,
11
37'
29
5
3
25
5'
12% Jan
5
x20% Feb
9%
17
14
y2 Jan
r
11% Jan
7
27% Feb
9 'A Mar
6
3
710"
Jan
6
';i43%' 144%-:
.21 :,7
6%..
T7c
160
x25M4
17%
preferred A
1,900
13%
13,100
28%
,
,
82
.
•;
-28%.
•
"6,100
P 82
877/a
6%
.17
*
14%
101%
*23%
100
■'
17
•
*57%"
•29%
Dec
Sep
11%
Jun
903/s
•
Nov
7"
20'% Feb
24
14
Jan
Feb
25'
168 V2 Jan
3
160
Jan
178'% July
=Jan
4
137
!
9,%
Jan
150
Jun
14%
Jan
22
May
27
Nov
36
-
100 ;
■
Feb
24
25
6 % Jan
5
:; 57% Feb
60% Jan
7
Pa——*.„10
11% Feb
13% Feb
23
25 s/8 Feb
28% Feb 24
/ National Supply (The)
$2 conv preferred
5%%
17'
-
14%"
14%
102
'.
•
.-
'
/
110
/
102
•
———*—No par
17
—
4%% conv serial preferred—.100 V
Newberry Co (J J)
No pat
.100;
5% preferred series A—*
-10
Newmont Mining Corp
—I-
1.300
7
Newport Industries—
2,600
Newport News Ship & Dry Dock -*17
400
ftS
rnnv
nrpferred
:
..40 7
.100
—
preferred—*
Neisner Bros Inc—
310
17%
14%
prior
prior preferred--—*.— 1100
National Tea Co**———*—No par
Natomas Co
—*———No par
Nehi Corp*:
.
200
1,800
18% Jan
29
—4
6%
59 :
28%
Feb
31% Feb
80
/ 2.000
;
145
21
18
Jan
/1,800
15
24%
preferred B
5% Feb
3,400
*108%: 109
102
/:;:/_' ..'/
-
iv/ 28 %".
28%
,
Sep
Dec
Jan
19 7
.100
Nat Mall & Si'l Cast Co*—No pat
470
7
-
14%,,
-
108%'
0
Jan
70% Jan
36
141
.100 T
—*
National Oil Products Co**
900
11,800
59%
100%
X28
Jan
l5%
512
S
Jan
4
92J/2 Jan 24
/ National power & Lt—*—.<*No par
.*25
National Steel Corp——
3,600
■
-6%
.
61c
50
12%/
•&
SQ Z
Jan
14% May
21 % July
Jan
6%
Sep
Jun
13 % Aug
Jan
14%
6„
32% Jan
Jan
10% Nov
July
164;.
.*10
National Lead Co
4,900
164
87
15%
24
/
18%
16
11'
s
Apr
20
3
17
Feb
9
Jun
12% Jan
35% Feb
87 y4 Jan
par
1% Feb
15%
3
5"
~
.-,20% .20%
.
108'%
17
14%
11% Feb
28
.*10
Products
Nat Enam &
3,500
•
,.
*57'%
\
28%
102
s/a Jan
par
.—5 7:
Nat Distillers Products—*—No par
11%
3.1%;'
■
4
.14%
*98
109
15
102
30%;
;
28%
,24
'
14%
Jun
17
19 y2 Jan
4,500
*11%'
•
81%
87
14%
*57%
28
4
July
Jan
,
xliy4 Feb
National Dept Stores—
G% preferred
,.;>:59%S
:..13%-
>:./• 8i.%:
23%
*108%
,V
Jan
9Vb
50
20% Jan
:/72
—l
Nat Dairy
.
£.13i:c, ;• 31%
100%
59
28%
17
19y8 Feb
—Wo par
.-No par
National Cylinder Gas Co—
ri4%
28 %
Oct
Jun
18% Jan
27%
17
29
4% Jan/
1
2.000
9% ;:
109
.
39%
Jan
4
—No par
*-
3,600
9%
*57%
Cash Register*-.
6,600
"/
; 12%
.
86%
*108%
Nat
National Container
14%/
.9y4
14%
Jan
13
7
26% Jan
-10
12
9%
23%
Jan
31%
1
16% Jan
.100
—
Share Corp—No
20%
9%
*98
&
12.
9%
%
33%
7
3
7/
,_10
preferred
20%
6%
23%
300
,14%
.6%
100
5
Feb
15 Yz Jan
•
Mar
Apr
114% Aug
26% Feb
36
L
...6%
y
2,000
30%:
.
*101
28%
6%
100
4
.**1
—.—
National Can Corp
25,000
.13'/a
*13
preferred
conv
Bond
Nat
200
••
•//■?8%{
6%
*23
1%
>6%:
59% v 59%
28'/a
'
;-ii-
14%
15
23%
101
11
21 %. Jan
.„1
Biscuit Co
*9%
9%
47% Jan
27
35% Jan
9% Jan
National
6%
v
121
10% Jan
5,500
18%
6'v /
.
6
119
Dec
.*10
2%
6%
170
30-/2 :
59%
81
Dec
116%
106% Nov
Corp—**—*.—5
Aviation
10%
165% '
•
/*:2d%
6
59%
/•
113
4
.100
Nat Automotive Fibres Inc
-.3,100
Natiohal
.
:144/,;V
31
5%
%
28%
24
110% Feb
7Jan
'
20%
*29%
6
5%
*164
—
Louis
Co——.—
Acme
600
;
27
144
National
St.
1,200
18%
.
—No
Corp
&
11%
21'A
/9% :*89% ,89%
"20 y4
20%.
165%
144
Chatt
Nashville
11%
••
10%
,*26%
■
20%
167
30%
*29%
20%
Jan
117% Jan 14
No par
Liquidating Co
Nash-Kelvinator
1,900
10
*165
18%
30% :'31
V
90
145
143 %
9%
■
:
•
11%
21%
'13%..
MM ,12 %. :
20%
20% '
-14 V»
i4.%;
*11%
ii%
;-9%
*165%
11%
170
18%
10
77
*11%
-
*13. :
•
27..7/
9
*88%
.
*
166
145
•
.*26
■
"9. Vs.
90
20
20%
20
165%
*142%
27.%
9
*88%
,90
*88%
"
11%
."28% ^29%k
•
'
*11'%
:
10
■
*165
19%
■
9%
9%
9%
21%
*165
19
*17%
19
21%
170
*165
170
9%
21%
21%
21%
.
*17%
150
35%
•
Nabco
100
35%
15%'-: 15%
35%
11%
*165
117
•
$7 preferred
—No pat
MhnsingWear Inc.**——r_No par
.Murphy Co (G C)
—No par
4% % preferred
i——100
Murray Corp of America—
*10
Myers (F E) & Bro
—No par
12,900
/•:/T2'
11%
*9%
J?
12%
%
1«V
12%
11%
9%
'
•
12%
11%
9%
Jun
'
i a
*%
•
11%
11%
■
7
•"
300
,
9%
35
15%
15
Nov
92 %
8
•
47
35
*34%'
15%
115
12
11%
35
35
74
-
47
% .>
.
11%
11%
74
9
:
*45%
47
*45%
-
*115
21%
30%
Dec
,
9,500
76
21%
•
;74 / v'"
116%
*73
116%
75%
'21%
Jan
75%
3
•
Morrell (John) & Co
—No par
Morris & Essex*,
.——*50
400
.
5%
17%
18
3
Jan
.107% Jan
5
42'A Feb 15 -
Motor Wheel Corp*.,—
——5
Mueller Brass Co**:«—!*—*:—**l /
Mullins Mfg Co Class B„
:*_1
18%
27%
Apr
25
115
24%
'
11%
Jan
Jan
112 % Feb 21
*36%:
1
3% Jan
32
par
preferred, series C*
No-, pat
Montgomery Ward & Co—:*No par ;
$4
24%
•
July
July
3% Mar
81
29
76% Feb
—No pat
No
11% Feb
Jan
% Jan
21
20
10
$4.50 preferred——:
Preferred series B
'20
43%
*36%
100
*
38%
5
9
17% Feb
*36%
/ 57'/
7% Feb
93%. Jan 13-
.24%
'
19
.10
—No par
*
RR
7%.preferred series A—
Carpet Mills
80
,
110
Corp
Monsanto Chemical Co.
1,500
117
110
v
6 'A Jan
-No par
preferred
Mohawk
600
.
113
*116
43%
—If
•
T
*29%
♦109%; 110
43 %
43%
Minn Mollne Power ImpL*
17%
'
;
r
.2,200
"98%;
:
18%
"
7
——
No
par"'
-
2%
7»A
Jun
Jan
64 %
July
Jan
14%
Jan
15% May
28% Jun
52
84
Jan
13
.57
87% Jan
24
62
5V8 Jan
6% Feb
23
9% Jan
10y8 Jan
14
15% Jan
13% .Jan
22
Jan
.
12"
Jan
4
108% Feb
9
Jan
19
56
28
16% Jan
12
13.y4 Jan
3
58% Jan
25
Jan
&y8 Jan
Jan
19% July
25% D:t
Jan
98%
/37
Jan
106% Mar
26%
18% Feb
17
Jan
12
2
Feb
Jan
,10%
30% Jan
15% Feb
Jun
7% May
10% Apr
16
22
102
Jan
Jun
88
7
74%
21
110
80%
Jan
Jan
6
1
Feb
Jan
2%
.
6
24% Feb
100
Jan
Jan
83 Va Jan
9C% Jan
Dec
5%
•
79% Feb
,
20%
■
Dec
94% Nov
57%
114
37'%
19'%
Nov
Sep
Aug
Apr
Oct
21% Mar
102
May
Monday, February 28, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
NEW YORK STOCK RECORD
STOCKS
IOW AND
Saturday
I
Monday
Feb. 19
\
Feb. 21
s
per share
Feb*
18%
22%
70 %
25%
70%
25%
25%
25%
*11%
12%
*11%
33
*31
12%
33
*30%
62
16.
—
—
—-•■■■■■
—
-
-
%
■
—
„
—
61%
17%
•
—
.
149
144
*60%
61%
__
70%
69%
149
•144
22 %
*21
•
—
23
5,300
713/s
71%
2,800
26%
26%
1,500
N Y
:
—
.
,
6%
City Omnibus Corp
12%
♦12%
13
100
New
32
*31
33%
200
146
149
149
$5 non-cum preferred
N Y & Harlem 8R do
61%
173/b
17%
37%
195%
121%
17% 17%
*53% 54%
*120
101
16%
113%
Adjust 4% non-cum
7
14% Jan
4
3
Jan
North American Co
10
preferred series
53/4% preferred series
North American Aviation
50
50
1
52
*53
54
q«/«
9
.
1714
113%
112
20%
20
1914
19%
39%
3914
39%
5%
5%
Northern Pacific Ry
16%
Northwest
40%
Northwestern
*39
Norwalk Tire
43
14%
14%
4
17% Jan
37% Feb
1
40% Jan
3
12
13 % Jan
4
4% Jan
——————-.i—-—50
Pharmacal Co
2.50
63/s Jan
.
'
16% Jan
63%
Jan
28%
Jan
18
18%
17%
48%
48 3/<
103,8
10%
Ohio Oil Co
18%
47%
10
10%
102%
102%
*101%
*9%
9%
*9%
19%
19%
19%
149%
*147%
148%
9%
Jan
23
162%
Jan
113
Jan
93/4
Jan
49% Jan
.
48% Jan
Nov
"8
91% Jan
Jan 12
73/a
Jan
Jan
107
15% Jan
Jan
36
x3%
Jan
31
Jan
8% Jan
Outlet Co————
Owens-Illinois
563/4
56%
11%
*11%
11%
11%
11%
,11%
11%
10%
10%
10%
10%
10%
47
113/8
473/8
Pacific
10%
22 3/4
23%
46%
22%
*12%
31%
*12%
16
32
32
27%
27%
119%
154
119%
154
5%
120
154'%
2%
2%
2%
2%
45%
45%
45%
45%
2%
45%
104%. 104%
*104%
104%
1045/s
45%
453/4
106
23%
73 %
233/4
23%
7434
75
-
76%
2%
45%
1043/4
1043/4
104%
24 Va
79%.
243/8
24 Va
78
79%
76%
1%
29 %
56%
96
96 %
15 Va
"1S%;
,'55%*
20 Vo
56%
15%
11%
96%
17
29
59%
*22%
49%
60
59%
7 Va
8Vo
8
49%
58%
39%
Pere
13%
39%
40
8%
8%
9Vo
44
*43%
21
20%
50
44
X20%
43%
50
50%
5G%
50%
93%
93%
50%
93%
94%
94 V4
20%
20
20%
20
20 '/o
24%
2434
25
25
24%
25%
*117
27%
27%
27%
82%
82%
*82%
110
*
27%
28 Vo
Philco
82
82%
112%
113
112'A
112 %
12%
*11%
23%
*99
45%
23%
9
19
7
3
15
55 .-/Jan
4
5% Jan
6
48% Feb
3
10% Jan
3
54% Jan
4
33% Jan
5
25% Jan
21% Jan
23% Feb 10
7% Feb 24
—5
26% Jan
9% Jan
8
12
23
3
9 Vis Feb
Feb
9
49 % Jan
20% Feb
14
3
22 3/s Jan
17
5
50% Feb
25
83 % Jan
7% Jan
1%
10%
*9%
10%
J J 147 ,V
147 3®2
147 Va
.
*233/4
24
24
42
series
96% Jan
21
Feb
11
3
21% Jan
Jan
3
16
118
Jan
28
24% Jart
82
Jan 28
29% Feb
1
85
Jan
5
118
3
25
109% Jan
112% Feb 15
114% Jan
13
Jan
104
14
Jan 19
11% Feb
Jan
Jan
42%
Nov
3%
Jan
7
47
Jan
3
11 Va Jail
7
146% Jan
100
3
23
147% Feb
25
3
23 Va
_25
Feb
25'/8 Feb
Feb
79%
Jan
10
Jan
71
104%
43% Feb
x98
I33/4
5
17
4
3
5
—.——5
Pillsbury Flour Mills—.
25% Feb
13
No par
Hosiery—
Feb
107% Jan
——100
Preferred
•/
5
20
24
No par
preferred—
Pnoenix
49 % Jan
100
100
Phillips Petroleum
453/4
*9%
*23%
10
Jan
111% Jan
No par
A J 00
3
10
Corp
Preferred 4%%
102
46
1-6
J ft
2% Jan
37% Feb
—.
Phillips Jones Corp
12%
45%
10 Va
146
*12
12%
102
*99
45%
3
17
100
100
Philip Morris & Co Ltd.
Preferred 4%% series
102
7
12
9Va Jan
100
—100
—,.
83
112%, 114 V
*9%
.
28%
108%
146}«
preference com—
preferred
4.4%
3
13% Jan
No par
119%
108%
.45 V8
21
93% Feb
-100
117
1083/4
*99
18% Jan
Co————-1
x28
'
44%
3
54% Jan
.—100
50
5
preferred——.
3
7
4% Jan
No par
Marquette Ry Co
$1
24%
H93/4
108 Va
*11%
102
44 %
24%
*117
108%
108%
3
Feb
18% Feb
No par
28 %
82%
18
1% Jan
29
—No par
1193/4
83
57% Jan
Brewing Co
No par
(Chas) & Co Inc
_1
Phelps-Dodge Corp
;
25
Philadelphia Co 6% preferred
50
$6 preferred
-^No par
Pliila Electric Co. com.
—No par
21
20
*98%
27
Pfizer
43 3/4
20%
93%
112%
*11%
12%
23% Jan
Inc
Pfeiffer
9
44
2lVo
20%
112%
10
Petroleum Corp of America—
8%
20
*108%
Jan
Pet Milk Co
25
7%
8V0
8
118%
6
~100
103
6% preferred
*24
25
*24
*117
Jan
5% prior preferred—..
593/4
58 %
3
45
preferred—
Pepsi-Cola
50
13%
*13
8
2% Jan
No par
Pennsylvania RR
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
293/a
24
*22
18
conv
5%:
—
28%
■
8% Feb
109 % Jan
Penn
*110%
*110%
3
26
$7 conv pref ser A
Glass Sand Corp
39%
*16
3
30% Jan
Airways Corp
Penn-Dixie Cement
2%
40
17
96%
-153/o-15%
12%
*2%
40
6%
20%
55%
5
11
4% Jan
13
1
Park & Tilford Inc
1
Park Utah Consolidated Mines—1
Parke Davis & Co———No par
Parker Rust Proof Co
2.50
Parmelee Transportation.
No par
Patino Mines & Enterprises
10
Penick & Ford
No par
Penney (J C) Co_———No par
Penn-Central Airlines Corp
1
Penn Coal & Coke Corp..;
-—10
193/a
8%
6%
6 Va
20
4%
Jan
27
Paramount Pictures
29 %
19 Vo
149
Jan
Paraffine Cos Inc
1%
29
19 %
*19
;
24
Panhandle
2%
24 Vb
74%
Panhandle
*44%
.
1%
29 Va
"
23 %
24
75%
1%
1113/4
Jan
5
Petrol & Transp
5
East P L 5.60% pfd_100
Prod. & Ref
1
Pan-Amer
9%
*9 Vo
*111
111%
10
118
3% Jan
Pan American
32%
32 Vs
9%
112
111
*110%
3
25% Jan
1
.—10
Packard Motor Car
33/4
39% Jan
No par
Pacific Western Oil Corp
13
3 3/8
Jail 10
30
preferred—i.——.——100
Pacific Tin Consol'd Corp
5%
5%
32%
*9%
9%
111%
2%
104 Va
6%
13
*1103/4
*44%
156
3%
32 3's
32%
*9
9%
*9
*154%
5%
3%
3%
32%
32%
32
Pacific
'
3%
3%
121
13
13
13%
3%
_9
10
Co
/Mills—No par
Telep & Teleg
—100
Pacific
28%
28%
120
155
5%
5%
5%
*13
13
42 Va
28 5/a
155
53A
'
13
42 %
119%
119
*153%
16
32%
42 Va
27%
*119
233/4
32%
Coast
preferred non-cum
No par
2nd preferred non-cum—No par
Pacific Finance Corp (Cal)
10
Pacific Gas & Electric
25
Pacific Lighting Corp
No par
1st
453/4
22a/8
32%
42 Vo
42%
27%
27
42%
453/4
*12%
16
32
423/4
*42%
:
22%
22%
16
31%
47
*45
23
*12%
Glass Co.
Fisheries Inc
Pacific Amer
11%
10%
*45 Va
—.
preferred———
6%
Outboard Marine & Mfg.
64%.
*63%
-.
Farm
Otis Elevator.
35
35
Nov
109%
Jan
73/4
Feb
70
Jan
18%
Jan
102
100
100
_100
Pitts C C & St Louis Ry Co
Pittsburgh Coal of Pa_
6%
preferred
$5 cony
preferred
Pittsburgh Forglngs Co
Pitts Ft Wayne & Chic Ry
7%
preferred..—
*734
*523/4
59
*14%
*166%
10%
8
59
14%
95%
*168
21
12%
96
75%
-*73%
*39
55
*117
94
75
Jan
4%
Jan
Jan
24
Jan
21
Pond Creek
'18;,
18
18%
18 Va
21
*20%
21%
*20%
9%
93/,
12%
12%
9 V,
9%
12%
12%
12%
*12%
12%
12%
12%
39%
*38 Vo
39-%
55
117
118%
14
13%
943/4
95%
101 Va
101
55
118%
14
*12%
,
11
8
3
4
15
15
108 %
7%
preferred
114%"
8%
preferred
106%
106%
107
114
114%
1133/4
114 Vo
114
119%
119%
*119%
120 Vs
119%
119%
*119%
120 %
40%
41%
X40%
413/s
Feb
101%
106%
855,
3
96
101 Va
114%
oaee
12
25
95
106%
xii9%, 119%:
50%
41 Vo
1
40% Feb 25
58
Jan 15
12% Feb
Jan
Feb
101%
113 Va
11
15
5%
1
106 Vo
Jan
-Jan
Feb
120
953/4
115
12
5
21
19
10 Vb Jan 15
12% Feb 24
19
11
3
95 Vs
lOGVa
113/, Jan 12
79
116% Feb
15
114
3
19% Jan 15
9
Jan 12
pfd (ser of Feb 1 ?29)
-100
Pub Serv Corp of N J
No par
14%
933/4
3
No par
14%
101%
Jan
17 % Feb
15
18
Feb;15
10
14%
95%
74,
.
11% Feb
97% Feb
17
118%
101%
Jan
8% Jan
35% Jan
*115%
V
83
25
10
/
54% Feb
^
conv
55, v.'
118%
1
2d preferred
Procter & Gamble.
—
5%
54%
106 Vo
see
.-——No par
$5 preferred
6% preferred-,
.-i
/
Pub Ser El & Gas pfd
Pullman Inc
—No par
—.100
:
_100
i
100
$5——No par
No par
Dec
'7%
13% Jan
87'% Jan
3
101% Feb
104'A Jan
4
108% Feb
113% Jan
3
96
Jan'
119
Feb
11634 Jan
11
119% Feb
37% Jan
3
413/4 Feb
Jan
150%
5
5Q
55 %
108 %
footnotes
B
"5% conv 1st preferred
13
40%
*116
No par
Pressed Steel Car Co Inc__
39%
1013'6
Fn»
12%.
3934
101%
41
Poor & Co class
9%
56
;
—5
Pocahontas
39%
-
101V8
40%
<
54%
•
55
13
—100
—100
Class A
173/4.
421;
12-%
Feb
4
95%,
74 4
18
9%
Jan
9%
168'/* Nov
170
Jan
59%
*72%
r
21
9%
59
No par
preferred:.-—.—Class B preferred—
Plymouth Oil Co
95%
17%
■
14
953/4
*72%
75%
v!
•
;
*12
j
10%
95
10%
'
9%
—
10
-
*17%
15%
—
•
*73
59
14%
4
53%
58%
54
Jan
Jan
Pittsburgh Steel Co
No par
7% preferred class B
100
5% preferred class A
—100
5.%% 1st ser conv pr pfd.
100
Pittsburgh & West Va
•
100
Pitts Young & Ash Ry 7% pfd—100
Plttston Co. (The)
—i_l
97
52%
Feb
5
—No par
1
100
100
Pitts Screw & Bolt
*92
Jan
3%
34%
No par
Pitts Coke & Iron Corp
Dec
1% Mar
26% May
38
July
192% July
122
Nov
18% July
56% Jun
56
Jun
Omnibus Corp
19%
*147'%
*101%
132
54
May
May
July.
July
May
Dec
Dec
Dec
.12% Nov
Equipment.
(The)
8 % conv preferred A,,
Oppenheim Collins
Oliver
44%
20
26%
743A
.26
13
32%
-fir Jan
10
21
21
17
2
24
21
16
113% Jan
31
15
Jan
14% Jan
17% Feb 17
12
20% Feb 24
40% Jan 15
5% Jan 25
43
Feb 24
16
Jan 27
3
Jan
112
■
Jan
31%
9% Feb 24
101
Jan
10% Jan
11
143/4
46%
Norwich
4
Jan
xl3% Jan
pfd_No par
Lines———No par
Telegraph—
50
& Rubber
No par
Air
20%
26
27
8% Jan
Preferred
43
10
Jan
100
Northern States Pow $5
112%
.
5%
*4%
5
51% Jan
50
—100
Central Ry Co
Northern
101
16%
163/4
*38%
6%
Jan
Feb
Feb
Feb
122
Feb
18
Feb
54% Feb
53
Feb
%
173/*
37%
199%
3
333/4 Jan
54%
*112%
43
3
183% Jan
100
pfd-_
Jan
120
Jan 19
Feb 24
33
% Jan
27%
150
Feb 10
63% Feb 16
19
17%
*100%
101
20%
Shlpbldg Corp part stk
Noblitt-Sparks Industries-,
& Western Ry
:
Norfolk
22
Jan
52
100
1
5
100
IN Y Ontario & Western
N Y
30% Jan
-129
17%
93/a
9.
Lack & West Ry Co
Y
27
*533/4
54%
52%
*100%
101
N
3
3
11% Jan
15% Jan
18
17%
*53%
300
320
121%
*120
121%
7,400
195%
195
196
400
37
37
37%
*36 3/4
680
%
17%
17
17%
194
62,
%
\
"36%
20
149
61%
62
62
Jan
24% Jan
No par
No par
i-BO
100
Dock
York
12%
32
52%
*14
-100
No par
223/4
26%
*100%
*42
preferred series A
23%
71%
26
:
Jan 17
Feb 24
Feb 15
Feb 2
Feb 25
13
4
38%
19 %
23%
73 %
26%
4
3
19%. Jan
22%
*11%
12%
'31% 33
*144
149
60% 61%
/ - %
%
36% Feb
153/8 Jan
100
York Central
New
Highest
# per share
9 per share
9 per share
No par
No par
71
95,300
Year 1943
lowest
Highest
N Y Chic & St. Louis Co
New York Air Brake
26
*120
—
—
16%
18%
•
17%
'
_1
—
'113%
600
38%
18%
38%;
195%
'100%
38%
38%
19%
*
Range since January 1
Lowest
$ per share
38%
19
22%
71%
18%
,
;
25%
__
18%
Shares
share
37%
18%
22 :
70%
-
18%
*21%
f per
Range for Previous
d
STOCK
YOIMt
EXCHANGE
the Week
Feb. 25
Feb. 24
V.
t per share
€ per snare
9 per short
373/4
18%
,
NEW
Sales for
Friday
Thursday
Wednesday
.
Feb. iz
share
per
*37
37%
*36%
PRICES
HIGH SALE
Tuesday
Jan
1%
29
.
Jan
Jan
20
Jan
14%
Jan
18
Jan
4
Jan
6%
Jan
6%
Jan
243/4
Jan
48%
Jan
11434
Apr
113/8
Jan
75%
Jan
85%
Jan
96%
Jan
108%
Nov
113%
Nov
26 3A
Jan
14%
Apr
Dec
18% May
116% July
23% July
41 % Aug
6
July
101
45
Apr
14% Oct
•
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4259
NEW YORK STOCK
LOW AND HIGH SALE
Monday
Saturday
Feb. 10
i per share
Tuesday
j.
;■ i Feb.'21 y:;
t per share
Feb. 23^
Wednesday
STOCKS
Thursday
Friday
Feb. 24
^;Feb. 23
>• per snare
15l/a
Sales
for
Feb. 35
Shares
NEW YORK
the Week
S per share
$ per share
15%
I per share
RECORD
PRICES
STOCK
Lowest
\
15%
113%
Y5%
*113
113%
105%
*105'/a
IO6V2
20%
113
105%
*20
15'/a
20Va
20'/a
—
—
-
—
—
—
V
15J/a
*113
113'/a
*105'/a 106Va
20%
—
155/a
15%
15%
Pure Oil
7,900
*113
113 Va
113
113
100
*105%
106
106
106
300
20%
20%
20%
(The)
15% Feb
3
109% Jan 12
Radio Corp
$3.50
conv
of nmer
1st preferred
6%
Real
Reis
Silk
107% Jan
11
5
100
(Robt)
& Co
1st pfd
100
No par
1
6 %
86%
68
68
12
12%
7%
*88%
&
Saratoga
conv
89%
7%
39
*106
*40
8
39
107 %
107 %
41%
*39%
*110
112
*107%
108 Va
*24
-
24%
44
110
107%
24%
107 Va
7%
39%
39%
40%
*106
41%
*107%
14
24
1
11
Jan
5
94
Feb
17
No par
7% Jan 22
23
10
89% Feb
15
32% Jan
11
Va Jan
10
Jan
10
46% Jan
5
10
—.10
1
No par
No par
Antelope Copper Mines—
Typewriter
Co
(The)
No
1
par
J
No par
non-cum
preferred
1
113% Jan 24
36% Mar
1% Mar
3% Mar
;
47% July
114
Sep
8 % Feb
42% Jan
1
12% Mar
7
44%
107% Feb
24
42% Feb
preferred
Paper Co
$4.50 preferred
16
Dec
107% July
43
Feb
112
2%
2%
2%
85 %
85%
86
85
85%
16%
16%
16%
16%
16%
16%
Servel
6
115
Feb
Jan
8
112
Mar
24% Feb
Sears Roebuck & Co
Jan
110
$4 preferred
Seaboard Oil Co of Del
24%
Feb
12 'A Jan
1
Co
84%
2%
9% Jan 10
18% Jan
102
100
prior pfd ser A
Mfg
5%%
108 Va
24%
17
18
111%
108%
15
Jan
Scott
41%
*109
Jan
16% Jan
68
108
41%
110
13% Feb 21
19
21
Safeway Stores
5% preferred
Savage Arms Corp
Schenley Distillers Corp..
113%
8%
39%
6
87
6%
113%
Jan
Jan
St Joseph Lead—
tSt Louis-San Francisco.
43%
14
61
80
1
Rustless Iron & Steel Corp
$2.50 conv preferred
44%
7
127% Feb
100
Roan
113
15
Feb
10
Jan
-
Ruberoid
44%
15
29% Feb
5%% preferred
—100
Reynolds Metals Co
No par
5% % conv preferred——.100
Royal
*112%
10
24
Feb
100
Richfield Oil Corp
Ritter Company
44%
Jan
18% Feb
36
89
No par
Common
113%
30
Jan
100
RR
Revere Copper & Brass
7%
preferred
Rheem
44%
:
25
Reynolds Spring—
Reynolds (R J) Tob class B
*112%
Nov
25
10
94
86 %
22%
17
29% Jan
14
—.
Motors, Inc.—.
Republic Steel Corp
6% conv preferred—
17%
100%
*85%
; 107% July
jan
100
Reo
9%
'
7%
Jan
13%
12
Hosiery
Rensselaer
94
92%
5
15
Preferred with warrants
7%
9
Jan
25
-
Reliable Stores Gorp
*93%
Feb
Feb
21
9% Jan
Reliance Mfg Co
.
104%
107
10% Jan
Remington-Rand
9
18
15
73% Feb
Preferred
1714
Highest
I per share
Jan
14
1
preferred
conv
—
100%
11
Jan
No par
No par
Raybestos Manhattan
No par
Rayonier Inc
,__1
$2 preferred
25
Reading Company
50
4% non-cum 1st preferred
50
i% non-cum 2nd preferred
50
17%
5
19% July
114% July
103
KadldrKeith-OrBVnim
*100%
16% Jan
113% Feb
I per share
Quaker State Oil Ref Corp.
200
9%
Lowest
S per share
19% Jan
6% preferred
5% conv preferred.
Purity Bakeries Corp.
400
Y<
Highest
# per share
•
'
15%
Range since January 1
.
EXCHANGE
16
26%
Jun
•
2%.
2%
Seagrave Corp
3
No par
No par
$5 conv preferred—.:
Sharpe & Dohme
Jun
Dec
17
18% Sep
17% July
73% July
16% May
.No per
73% May
Wo par
No par
Sheaffer (W A) Pen Co
Union
4%
90%
...No par
$3.50 conv pref ser A
Shattuck (Frank G)
Shell
8
5
18% Jan
Inc
Sharon Steel Corp
Jan
91% Jan
;
Oil
15
10%
Jun
57
Oct
29
Jun
Silver King Coalition Mines
Simmons Co
No par
Simonds Saw St Steel
No par
28
May
27% Nov
No par
Xl3% July
5
Sinclair Oil Corp..
37%
16%
*22%
31
37%
Skelly Oil Co——
16%
Sloss-Sheffield
23
———15
Steel
&
Iron
$1.20 preferred
par
10
*25%
26%
Smith (A O) Corp
Smith & Corona Typewriter.Wo
12%
12%
Socony Vacuum Oil Co Inc
3%
3%
*31%
33
147
23%
14 V8
31
20
No
par
15
South Am Gold & Platinum
1
31%
Southeastern Greyhound Lines
5
33%
South Porto Rico Sugar—No par
B% preferred—
—100
149
23%
Southern
California
Edison
25
5
Apr
45% Sep
24% July
23%
Nov
39% July
25 %
Jun
15% July
5
Apr
29 Vs
30%
Dec
Sep
149 Va July
25
.5
Apr
14%
Southern Natural Gas Co
X29%
29%
Southern Pacific Co
No par
30% May
26%
27%
Southern
No par
30%
47
47%
59%
60
5%
::
v
7.50
Railway
non-cum preferred
100
Mobile & Ohio stk tr ctfs—100
Sparks Withington..————No par
Spear & Co
...1
$5.5 3 preferred——
—.No par
Spencer Kellogg & Sons
No par
Sperry Corp (The)
—1
Splcer Mfg Co
No par
$3 conv preferred A
Nc pa'"
Spiegel Inc.
.———2
Conv $4.50 preferred——No par
Square D Co——.
—1
5% conv preferred
100
Squibb (E R) & Sons
No par
$5 pref series A
No par
...
*30%
25%
37
31%
25%
37%
*58%
6%
54%
-59%
36%
36%
*112
63
6%
55%
115
63%
*113
114
*108%
110
28%
29%
*413% 115
*2%
37%
43
33
53
53%
43
'
*114%
■
7%
43 Vs
115 %
30%
64
12%
10%
*16 Vs
16%
9
14%
*58%
*122%
5%
—No par
No par
No par
No
:
9%
14%
59%
123
5%
Starrett Co
(The)
25
100
1
L S
Sterling Drug Inc
No par
10
Stewart-Warner
Corp
Stokely Bros & Co Inc
5%
Stone
prior
&
5
1
preferred
20
Webster
No
Studebaker Corp (The)
Sun Oil Co
Class A pfd
(4% %
Sunray Oil Corp
par
25
25
preferred
Standard Steel Spring
7%
855,
—No per
4%%
9%
page
~No par
Standard Oil of New Jersey
Standard Oil of Ohio
12%
see
$4.50 preferred—..
Standard Oil of Indiana
63%
footnotes
No par
Standard Oil of Calif
*29%
For
Inc
$4 preferred
37%
32%
No par
$6 cum prior preferred
$7 cum prior preferred
43%
36Vs
$4.25 preferred
Standard Brands,
Standard Gas & El Co
27/s
36%
—
•
cum)
par
1
No par
100
1
14%
Sep
Apr
49% May
66
6Va
6%
Apr
Ju n
Sep
61
Nov
35
Dec
35% Mar
44 % July
60
8%
Sep
Sep
64
Sep
42
July
116% July
70
July
117
Aug
110
Dec
31%
Dec
115% July
THE
Monday, February 28, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
RECORD
NEW YORK STOCK
Range for
STOCKS
LOW
Monday
Saturday
$ per
Feb. 23
Feb. 21
;i Feb. 19
share
I per
SALE PRICES
Wednesday :■
Feb. 23
AND HIGH
Tuesday
S per share
$ per share
share
Feb. 21
,
$ per share
Lowest
-..EXCHANGEi
the Week
Feb. 35
• per share
Range since January
STOCK
NEW YORK
Sales for
Fridav
Thursday
83
500
*22
22%
700
31
5% Jan
Sutherland Paper Co
*30
Sweets Co of Amer (The)
*18
v
*81
-
.
18 %
—
—
'
6%
'6%
6%
18%
18 %
18%
18%
67/a
4,400
7
18%
*18
1,700
81%
.81
1,000
Sunshine; Mining
17% Jan
Co
buperneater
*9%
10%!
31%
30%
29%
29%
Jan
4
29% Jan 28
4
3
27% Jan
Swift international Ltd—
*30'%
3
20
■Swift & .Co———w—
31 Va
Jan
27% Jan
29
Feb
6
Sylvania. Elec Prod"s Inc.
Symington Gould Corp—
10
Jan
7
3
Previous
Year 1943
K
Highest
Lowest
S per
share
3%
7% Feb
2
xl8% Jan
4
84% Feb : 2
23
Jan 15
31 % Feb 25
10% Feb 17
31% Feb 16
32% Feb
2
33% Jan
5
7Vo Feb 21
3
27
72
8% Jan
1
.Highest
$ per share
t per share
Shares
Co——
(The)
Superior Oil of Calif
Superior Steel Corp
6%
7
6%
'
t per share
7% Apr
Jan
12%
Jan
22
88%
Feb
82
14%
Jan
26%
■
Jan
32% July
33
July
12% Jun
27% Nov
4% Feb
Jan
May
May
22%
27%
Nov
22%
Feb
35% Apr
35% July
4%
Jan
8% May
,
6%
7
Jan
5
42
Jan
3
Talcotfc Inc (James) -s———
50
preferred
i'5%% partlc
4% Jan 12
10% Feb 15
5
-———5
TexaaCo(The).__——————>.25.
Telautograph Corp
Tennessee. Corp—:
45% Feb
par
-No par
Texas Gulf Sulphur—
5
7
14 % Feb
Coal, & Oil—;——10
Texas Paqific Land Trust
1
Texas & Pacific Ry Co—--—100
Thatcher Mfg Co.
—.—No par
Texas -Pacific.
$3.60
106
105%
*12%
*36
36%
13%
13 Va
27%
9%
4
18% Feb
17
3
Feb
13
100% Jan
3
25
Jan
3
46
Feb
21
TrahsamerlcaCorp———2
Transconfl & West Air Inc
5
9%
19%
14%
14%
3%
*89
9%
preferred———
No par
Truax;«Traer .Corp
No par
Tubize Rayon Corp.——
-1
20th Cen Fox Film Corp
No par
$6
9%
22%
29%
30
$1.50.
pr"iferred.—-—No par
$4.50
,
prior pfd
-
*102%
103%
7%
7V4
7 % preferred
—..———100:
Twin Coach Co-.w-.~-—1
9%
78%
79
*113
77%
78%
114%
18%
103%
113
110%
110%
18%
18%
103% 103%
18%
104%
4%
•
95
95%
27
29
5%
-.
108%
21%
111%
5%
112
*62%
26
*23%
1%
1%
1%
34%
34%
12%
12%
13
*98%
98%
*98%
*6%
6%
*6%
6%
54%
54%
54%
78%
8%
28%
79%
2%
2%
8%
*27%
8%
X28
79%
2%
$3
Jan
3
3
5
Electric Coal
2%
33% Feb
17
12% Jan
27
95 % Jan
Feb
5
Jan
12
5
8
Jan
5
Cos
Fdy
27
Jan
4
75% Jan
12
..
U S & Foreign
8%
1st preferred
$6
102
Secur.
U S Freight Co
20%
6
2% Feb
7
28% Jan
19
3
98% Jan
4
-
4 Va
4
6
No par
United Gas Improv't ex-distribtlon_
United Merch & Mfrs Inc
1
.5%. preferred
100
United Paper board
10
32 %
1 % Jan
50
1
100
United Fruit Co—.
104 V2
4%
22
No par
preferred
United
79%
32%
7
No par
No par
No par
—
United Engineering &
12
No par
.—
Preferred
8%
19
20% Jan
111% Feb 23
Feb
United Dyewood-Corp
28
19 *
62
Co—x:
Drug
$4.75
102% Jan
preferred—,—.——100
preferred
United
98%
104 %
10
Feb
9
..No par
No par
—No par
2Q
preferred———i.——100
Mach Corp.
—9.
5%% conv preferred—————50
U S Gypsum Co.—
71
7%
178%
U 6 Hoffman
10V8
■
48
U S Industrial Chemicals——No par
U
No par
....No par
S Leather Co
Partic & conv cl A
Prior
—100
preferred
U S Lines Co—„„1
Preferred ■—uiiii10
U S Pipe & Foundry...—....
20.
U S Playing Card Co
10
:
31%
46
*36%
37%
42 %:
1%
42%
U S
134%
8%
Ref & Min———50
:
-.50,
No par
Preferred—
———100.
'
:
48%
conv
Universal -'Laboratories.
Preferred
*35'%
Inct—,——1
No ,par
...
—
Universal Tieaf :TobJ-.-—lJ-No par
73%
;;
*167
8%preferred—^.—————-100
No *par
Vanadium Corp of Am
*18%
10
*37%
19%
Van
10%
Van Raalte Co Inc
39
*11614
*42%
43%
*66
117%
117%
72
*68%
22%
117%
*42
43
*6C
74
*68
74
71
22%
22%
:
4%
59 %
*114%
43
*38%
22%
4%
60%
116%
855
1st
Vick Chemical Co
154
5
100
—
Vicks Shreve & Pac Ry
5%
non-cum
Victor Chemical Works
Va-Caroiina
6%
Chemical
div partic
Va El & Pow $6
Iron
6%
preferred
pref.
Coal & Coke 5%
preferred
Vulcan
Detinning Co
Preferred
...
5
-100
preferred..——100
Virginian Ry Co
34
2.50
preferred
39
104
*145
page
7%
Co.—:
Va
34
footnotes see
Norman
43
104
For
Jan
7
6
3
xll9% Jan
27
3
4
28
70
22% Jan
45
preferred-'--—-.25^
preferred
—No par
Universal-Cyclops Steel Corp.:
.1
3%
*166
non-cum;
$6
*15%
:
l"/o
United Stockyards' Corp---—1"
United Stores class A
i
5
*2%
*82
*35%
52% Feb
50% Jan
-No par
Co
U S Tobacco
24%
*73
10
100
Preferred
51%
*3%
.
1st preferred
IT S Steel Corp.
121%
*15%
non-cum
U S Smelting
54%
*82
Realty, & Impt——
U S Rubber Co..
73
.
_1
—No par
Plywood Corp
U S
43%
134%
42%
•135
135
45%
37%
1%
*36 %
1%
1%
31%
*44%
31%
31%
*44%
—J—5
—No par
ilOO
No par
pfd
100
—25
_25
_100
100
Jan
2% Jan
<2% Feb 19
76
Jan 13
14% Jan
4
3% Jan
Jan
4
.4
70%>Jan
^
13
31
164
Jan
Feb
Jan
Feb
Feb
Jan
Jan
Jan
Jan
Jan
Jan
Jan
99
Feb
7% Jan
55% Feb
9% Jan
30
3
Jan
27
100% Feb 24
—100
United Corporation
1%
34%
12%
1
11
22% Jan
.
United-Carr Fast Corp
26
33%
*54
5
100
United Carbon Co—.
63%
*23%
conv
3
92% Feb
———No par
United Biscuit Co
3
26% Jan
preferred
4 %%
5
93% Jan
preferred
15
19
19% J«n
6
104% Feb: 24
96
Jan 14
28
Feb 9
115% Jan
112% Jan
19
18% Feb
—
United Air Lines Inc
110%
*21%
conv
Feb
109% Feb
United Aircraft Corp
29%
10% Jan 17
82%Jah
6
113
27%
101
101
25%
26%
58% Jan 28
7
76% Feb 25
9% Feb
preferred-
non-cum
Union Tank Car
10
51% Jan
Co...
& Paper.—
Union Carbide & Carb—.
Union El Co of Mo $5 pfd.
Preferred $4.50 series
Union Oil of California—
Union Pacific RR Co.—
Union Bag
9%
110%
-
Under Elliott Fisher
55%
55%
9%
*——No Par
Rapid Transit.—No par
Twin City
.
55%
—1
Tri-Contlnental Corp-L—
16%
21^8
No par
St'l
Transue & Williams
3%
90
16%
110%
Jan
46%:
19%
113
3
10
2
preferred——No par
cony
19
Jan
32% Jan
Tltnken.Detroit Aade——-16
Timken Roller Bearing——No par
27%
46
$4.50
.
103%
103
Jan
26
11
4% Jan
Products-No par
Thompson-Starrett Co—-tNo par
$3.50 cum preferred
N< par
Tide Water Associated Oil
,-10
19
7% Jan
12
Thompson
2%
*2%
6
31
43
Transit Corp.-No par
Thompson (J R) ——
—25
12%
*18%
„
Third Avenue
5%
4
Jan
92
preferred.—10
$3 div popv
,1:
47
5%
13
5% Jan
Thermpld. Co.—
7%
*7%
47
12% Jan
———100
Preferred
-
9
4
50% Feb
No par
....—,-No par
*.
4
8% Feb
17% Jan
preferred
eonv..
The Fair
7
4% Feb
34% Jan
Texas Gulf. Producing—...—No
8
-106
26%
110%
22
113%
68
26
1%
36%
14
29
80%
2%
33%
104%
4%
24
11
23
23
18
14
5
21
14
25
3
2
17
15
10
6
Jan 17
Jan
3
Feb
2
Feb 21
Jan
Jan
7
42
59
Jan
8
Jan
11%
113
Jan
July
Feb
86% May
X76% Dec
xl 18
105% Jan
114%
Apr
Oct
15%
Jan
22% July
80%
Jan
102% July
79% Jan
24%
Jan
-
97
Oct
28% Mar
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4259
NEW YORK STOCK
LOW
AND HIGH
Satnrday
Monday
Tuesday
Feb. 19
Feb. 91
SALE
Feb. 22
* per
I per share
share
'STOCKS
Thursday
Wednesday
> Feb. 23
$ per share
RECORD
PRICES
-
Friday'.''
Feb. U
Sales
Feb. 25
* per share
51
51%
i
t per share
for
NEW
the Week
per share
YORK
Range for Previous
STOCK
Range since January 1
EXCHANGE
Lowest
Shares
Year 1943
Lowest
Highest
I per share
f per share
Highest
share
per
I per share
W
51
51
51
51%
t
51%
52
51-51
.
90Q
Wabash
RR
4%%
preferred
'
*11
11%
*11
27%
17%
17%
49%
18
*17%
11 %
11%
11'
.*
800
Waldorf System———
27%
27%
27% i; 27%
200
Walgreen Co
800
4%% preferred —
&
Walker (Hirara) G & W
109%
*105
49
49
49
MB'/2
11%
27
*28%
109 %
*105
110
11%
11%
*26%
27%
•>26%
'-105
*17[%
7%
7%
'7%
7%
*8%
9%
*8%
9%
1% V
7%
9%
9%
1%
1%
1%
50%,
59%
12%
12%
12%
12%
24
23% c.23%
*22%
23%
v
12%
13%
23%«
22%
,
■
*22
22%
*22
22%
22%
22%
•17%
17%
*17%
17%
*12%
.17%
17%
25%
25%
*25
25%
25%
6%
6%
6%
6%
23%
22%
23%
23%
*79%
80
*79%
80
79%
80
19%
20
19%
20
20%
21%
21
*86%
*22%
22%
i
*23
87%
86 %
86 %
87%
87%
97
97
97
97'
98
98
91
91
*90
90
115
18%
114%
v
•
'87%
115
18%
27%
27%
4%
4%
4%'
4%
24
24%
6,000
23
22%
23%
23%
23%
23%t
23%
6,100
93%
93%
94%
94 %
94%
94 %.
94%
*128
130
3,200
i
20
:
*33%
34
28%
*28
28%
28%
108%
*107%
108
21%
128% ft?
108%
60
60
21%
109
*60%
99%
21%
f:
50
40
68%
68%
*18
18%
*68 %
68%
68%
68%
*68%
19
68%
68%
68%
*18
18%
18%
18%
*18
22'/a
22
22%
> 7%
7%
7%
7%
7%
5%
7%
5%
5%
,
f
18%
7%
!v 5%
*66%
69
68
7%
24%
*24%
25%
24%
24%
4%
*4%
20 % Jan
14
1
106% Jan
17
103
Jan
32% Jan
5
19
Jan
•*
3% Jan
-
22% Jan
-
5%
*4%
85
85
*11%
11%
11
*20%
20
20
37%
11%
10%
20 3 4
37%
23%
-
*94
103
*94
10%
20%
*20%
38 %
23%
38
38%
23%
•
24%
*105
*105
*105
9
85
*120%
23%
38
23%
13%
*84%
85%
*4%
6%
.
9
9%
<•
*120%
*120%
103
—
*94
—
:
103
53%
54%
53%
54
55
55%
54%
53%.
«
6%
13%
9
9%
9
*84
•
6%
*13
13%
*13
13%
6 V2
6%
6%
•
'
55
55
55
55%
*83
86
*84
69%
*69
86
86
*67%
70
29
86
*69%
29
70
*28%
29%
*28%
29%
10%
10%
10%
10%
10%
10%
15%
15%
15%
15%
15%
15%
■
'
.
36
36%
36
100
100
99%
36%
99%
100
15%
15%
16%
*34%
35
34%
35%
3%
4
*3%
16
16
15%
*34
35
4
*3%
36%
36 %
100
•Bid and asked prices; no sales on
this day,
5
par
100
4% Feb
17
2%
Jan
6%
Apr
17
5%
Jan
11%
Apr
5
37%
Oct
49%
Oct
24% Feb
25
22
Nov
24%
Dec
23% Jan
31
20
3
Feb
24
81
Jan
100
133
Jan
25
120
Jan
136
Jun
34
Jan
14
31
Jan
40
July
13
29
Feb
16
22% Nov *
105% Jan
12
59% Feb
-
19
par
White Motor Co
7
96% Jan
Feb 17
108% Feb
No
23
52
Mar
60
Apr
Feb
2
85
Jan
99
Oct
7
22 % Jan
5
18
Jan
24% July
66% Jan 28
68% Feb
19
58%
Jan.
15
Jan
20% Feb
/
18
par
200
Prior
Feb
Feb
7
19% Feb
4
2534
9
6%
7,900
13%
! 800
9%
11
9%
11
9%
84
847
11
*120%
11%
8,400
i
-
$6
600
preferred
20
24
20%
20%
39
39
:■
24%
*20
21
39
25
-
*105
Co_
Jan
*94
*55%
56
*56
56%
56
56
*55%
56
%
*85
86%
*84
70
70
*69%
700
,
1,100
••86%'
;
20
70
100
*v„ 10%
28 %'
v
28%
.
Shares
Week Ended Feb, 25, 1944
Saturday—
Monday
Tuesday
Wednesday—
10%
10%
10%
16
16
16
2,500
36%
37
X98
98
—
1,162,110
900,186
—
—
13,834,600
3,946,018
—
■ a
S.
Government
Bonds
rC8sh
..
„
57%
Jun
9 Ve
Sep
Jan
86%
Oct
m 9
Jan
11%
Apr
115
Jan
—-
22% Jan
25
17%
3
39% Jan
22
30%
Jan
25% Feb
1
16%
Jan,
4
Jan
121
Dec
24% July
42 Va
July
25%
Oct
Jan
27
105
Jan
27
104
Dec
149
94
Jan
12
94
Jan
12
100%
Oct
134
Sep
47% Jan
5
55% Feb
23
44%
Jan
54
Jun
49
5
56
Feb
24
46
Jan
57%
Jun
86
Feb
23
78%
Dec
70
Jan
12
58 Va
Jan
Jan
Feb
4
68% Jan 17
81
.
Sep
108
Apr
70Va
Sep
31
Feb
24
13
Corp
sale,
Special sales,
s
8
35% Feb
4
38% Jan
6
101% Feb
3
3
16% Feb
16
33% Jan
3
36% Jan
12
3% Jan
19
4% Jan
31% Sep
17%
15
Jan
24
96
par
Jan
wd When distributed.
x-Ex-dividends.
y
July
41% July
98
NOV
16% Jun
19%
Jan
2
Jan
Ex-rights.
Exchange
Stocks
(Number
Sales
9,500
11,857,400
5,000
Saturday—
Monday
Tuesday—
13,333,500
27,000
1,000
...
11,133,600
Bonds (Par Value)
Foreign
Dome%tlo
$331,000
556,000
—
Wednesday
Thursday
Friday—.———.
14,237,600
;
of
Shares)
Week Ended Feb. 25, 1944
$5,601,000
Foreign
Government
Corporate
Total
$79,000
$6,000
$416,000
32,000
5,000
593,000
3,000
1,099,000
HOLIDAY
———-
671,000
1,062,000
347,390
34,000
886,000
20,000
13,000
919,000
$3,506,000
— —
...
$175,000
$27,000
.$3,708,000
10,000
V.--"
,
681,000
.
"
.
$44,500
$56,103,100
Total—
Week Ended Feb. 25
Jan. 1 to Feb. 25
1944
73,266,63'
Stocks—No. of shares
1943
Jan. 1 to Feb. 25
1944
1943
1,149,805
1,637,269
9,142,725
15,914,917
$3,506,000
$5,422,000
;
240,000
15,000
$31,665,000
$52,012,000
787,000
2,467,000
27,000
131,000
93,000
$3,708,000
$5,677,000
$32,583,000
$54,572,000
Bonds
$37,000
$1,265,350
3,918,000
15,407,000
54,715,600
99,976,600
645,454,700
$56,163,100
1
25
6% July
9Va
14% July
Daily, Weekly and Yearly
32,919,996
$103,931,600
$662,127,050
Data-
16
11% Jan
4% Jan
:
18
1943
February
February
February
February
February
February
88% Feb
5
16
Bond
1944
on
4
Jan
-105
Total
8,031,805
listed
11
Transactions at ike New York Curb
$2,000
Below
9% Jan
30% Jan
Zonite Products Corp
700
n New Stock.
Government
$44,500
Total—^——————
3
20% Jan
1
United States
1,403,000
Foreign
Railroad & industrial——--—.
Jan
8
36% Jan
No par
4
485,000
Bonis
U.
Jan
•2Va
11% Jan
Zenith Radio
'
4
Deferred delive ry;
1943
3,946,018
2%
5
5
3
1,000
'■35%
3%
Week Ended Feb. 25
Stocks—No. of shares——.——
8
Jan
19
35%
25%
3%
$1,403,000
1944
Oct
28% Jan 13
No
35%
218,000
$54,715,600
Apr
27
10% Feb
Youngstown Steel Door
376,000
10,647,600
Oct
86
Jan
14% Jan
4,300
16
199,000
13,110,500
7% Jan
7 Ve
Jan
X20 V2
1
16%
13%
300
HOLIDAY
943,184
5Va Jan
14
40
19% Feb
-
29
5,900
$125,000
11,648,900
—
10
36% 36%
99
V 99
-
16%
Foreign
$5,474,000
Jun
22% Aug
10% July
2% Jan
28
Young Spring & Wire
No par
Youngstown Sheet & Tube—No par
5%% preferred series A
100
2,900
15%
Bonds
—
'Thursday...—
Friday'.
Total
Bonds
346,103
594,435
—
—;
Railroad
and Miscel.
20
'
100
Yale & Towne Mfg. Co
York Corp.
————
300
-
Daily, Weekly and Yearly
Stocks,
71% July
Y
28%
Transactions at the New York Stock Exchange
Number oj
10% Jan
.3% Jan
•
4
3
12
8
Jan
80% Jan
•
(F W) Co
10
Worthington P & M (Del)—No par
7 % preferred A
100
6% preferred B
100
Prior pfd 4%% series
100
Prior pfd 4%% Conv series—100
Wright Aeronautical———No par
Wrigley (Wm) Jr (Del)-.
No por
103
Feb
6
.
103
;
13% Jan
1
Jan
25% Jan
27
12% Jan
Woolworth
6,800
24%
/•'105
*94
5
71
4% Jan 14
,
10
„
Wisconsin El Pow 6% pfd
Woodward Iron Co—-
300
39%
%
24
•r,
—5
preferred——i.—.—-No par
Wilson-Jones
i 700
'
17
8% Feb
5% Jan
x64% Jan 24
Willys-Overland Motors—
__1
6% conv preferred—
10
Wilson d^Cb Inc..—————No par
>120%
V.. 28%
tin receivership.
6%
13%
85
2
22% Feb
7
7% Jan 24
5
Jan 26
_1
Wilcox Oil & Gas Co
100
6%
*84
Jan
Feb
par
No
i
106%
29% May
112% Jun
60
3
20
White Rock Min Springs
10
5
24
July
100
97% Jan
-
ll
White Sewing Mach Corp
$4 conv preferred--—
*4%
'h'Sg
24% May
'
13%
6%
13
15% Jan
■'
4
100
1,400
?
Dec
25% Jan
2,600
25%
Sep
31%
Jan
No Par
5%
*24%
Oct
110
10% Feb
'
5
Oct
16%
44% Jan
Jan
x91
Jan
Jun
3
Feb
32
$5 conv prior pref———j.Nopar
White Dental Mfg (The S S)
20
5,000
69'
7
Oct
87%
119
10
7% Jan
41
22
,7%
*68
23
11%
July
-
100
■
Feb
27% Feb
•<
Wheeling Steel Corp.—No
250
I
21%
5%
68
*24%
-
69
4%
25
21%
r
5%
*66%
69
25
7%
....
5%
5%
5V4
*67
21%
4
103
Wheeling & Lake Erie Ry
5%% conv preferred..
1.600
%
22%
22 Ve
22
21%
Jan
100
No
Aug
99
Jan
128
L
85
Jan
109
12.50
$4.50 preferred
Jan
67%
■''•.'57
...SO
-50
Westvaco Chlorine Prod
50%
13
15
No par
Instrument
Dec
10
10
Westinghouse El & Mfg—.
1st partic preferred—
Elec
20%
91% Feb
16% Jan
100
,
Jan
117% Jan
10
Ry
8%
3
No par
100
2nd preferred
26 Va
79% Nov
85% Jan
Western Union Teleg class A.No par
Class-B™
;
_i.——No par
70
f
■A.:
'
62
'
*18
Maryland
non-cum
3
Jan
Jan
114% Feb 24
100
Westlnghouse Air Brake
200
21%
21%
-
i
99%
21%
pfd
Jan
8% July
17%
16
Weston
28%
62
100
4%
*33%, 34
<
100
*60%
*99% 10O
21%
21%
123%
34
107%
60
100
*
21%
128
28%
108
*59%
<
100
21%
28%
*99%
59%
59%
Western
800
24
108
108
108
•
83
Jan
2%
Sep
Dec
July
69
8
96% Feb
100
—
4%%
Fulp & Pap Co
6% -preferred
Western Auto Supply Co
1,600
23%
128
14
100
West Va
23%
*27%
28%
100
700
23%
*33%
26
Feb
23 V4
34
Jan
Jan
600
128%
17%
89
9,700
*32%
14
6
101
10%
*127%
34
25% Jan
Jan
-
43%
128%
20 V2
23
Apr
,!23%
Jan
par
10%
*127%
Jan
12%
25
& 180
32%
15%
22% Feb
Power
July
15% July
Dec
7%
7
9
West Penn
Jan
22
4
18% Feb
preferred
6% preferred-
Oct
56
19%. Jan
-
7%
Jun
May
2% Mar
Jan
23% Jan
1
Indies Sugar Corp
West Penn Electric class A__No
-
109
22% Feb
1
16% Jan 21
No
West
160
*4%y
13
Jan
17
42%
%
-
Feb
200
:
Jan
%
15
7% Jan
170
-
4%
26
22
80
10%
..
13% Jan
24% Jan
24 % Jan
43% V:
i'
3
14
3
10 %
93%
par
Jan
3
-22% Feb
-
4%
18% May
9% Jun
3
11% Jan
par
54%
Jan
.
11
•
6
42
23
Feb
1% Jan
51% Feb
26
10%
93%
1.10
Jan
41%
23%
9
6% Jan
10%
93%
27
Jan 27
22 % Jan
*23%
-
8
Feb
Jan
15%
11
77
•
4%.
Jan
1% Feb
-45
•
Dec
jia%
5
7% Jan
40%
103
7
Feb
18
-
f: 160
28% V. 28%
4%
3
51% Jan
-
41%
23%
*27%
4%
7% Jan
par
4
12
No par
10%
23%
22%
*32%
4%
4%
.
19
Feb
par
No par
41%
10%
41%
106% Jan
43
$4 conv preferred-i.
41%
*10
*9%
41%
28% July
Wesson Oil & Snowdrift
29,400
90%
,c
11% May
Jan
600
'
27%
'
Jan
20%
300
•
y
115%
Jan
7%
11
_1
23%
18%
18%
105% 105%
■
24%
11
17% Jan
No
Webster Eisenlohr..—
87%
24
106% Jan 19
No
Wayne Pump- Co——
98
Feb
11% Feb
27% Feb
v
_5
1.000
90%
105%
27%
Waukesha Motor Co—
3.900
115%
:
18%
105%
600
6%
*86%
.
18%
300
25%
*96%
105%
*105
27%
27%
28
27%
18%
105%
105
105
105
91
115
*18%
19
*18%
91
115%
;
52
13
9
:
'%V'21%:/;22%
90%
,91%
115%
115%
Bros-Pictures
Fdy & Pipe
Washington Gas Lt Co
23%
98
115%
Warren
•*791/a ^ 84v
.
21%
87'/a
Warner
-i 200
6%
80%
97
21.700
3
19
26 % Jan
.-100
No
Jan
10% Jan
.
13%
'23
40
par
-No par
No par
preferred
25%
•
23%
*79%
No
Ward Baking Co cl A
No par
i:Class. B——
—No par
$7 preferred——..—
-50
200
.1.600
23%
.
100
—No par
_
Waiworth Co
.> 400
18 % "18%
:
25%
6%
6%
6%
*6%
v<
3,100
1%
/ *22%
*22%
17%
*25
*25
Div redeem
>
50
13
23%
22% k"
100
i
7%
' 9%
*1%
49%
12%
'
7%
9%
49%
12%
*23%
50
18%
1%
1%
49%
*1%
50 %
*17%
-
;
49%
1%
*49
109%
50%
18%
7%
,
9%
49%
■
*105'
.....
50
*17%
7%
*9
109%
'
49%
18
7%
;
*105
49%
11'
>
$667,15(
Domestic—.—..—......
30,796,501
v
Foreign government
961,305,801
175,000
Foreign corporate.:
■
<
$992,769,451
Total
i
Stock and Bond Averages
the daily closing
averages
the New York Stock
are
Exchange
=
Stocks
as
of representative stocks and bonds
compiled by Dow, Jones & Co.:
—
;t
Bonds
10
30
20
15
Total
10
65
Indus¬
—
10
First
Second
10
Grade
r
Total
Indus¬
Rail¬
Grade
Utili¬
trials
roads
ties
Stocks
trial*
Rails
Rails
ties
135.91-,.
38.22
22.89
48.76
106.88
105.56
77.24
110.21
99.97
38.27
22.86
48.72
106.87
105.69
76.64
110.24
99.86
99.95
19
21—
135.71
Utili¬
HOLIDAY
136.51
38.74
136.56
38.64
HOLIDAY
38.90
136.58
-
40
Bond*
23.11
49.16
106.86
105.63
76.99
110.30
23.39
'
49.19
106.94
105.68
76.96
110.28
99.97
23-52
49.19
106.93
105.60
77.04
110.24
99.95
Bosid Recosrd «» Mew
FRIDAY
and when outside of
the week,
letters
The italic
York Slock Escdliasige
WEEKLY
-
interest"—except for Income and defaulted bonds.
the regular weekly range are shown in, a footnote
in the column headed "Interest Period"/Indicate In each case
NOTICE—Prices are "and
V
Monday, February 28, 1944
COMMERCIAL & FINANCIAL CHRONICLE /
THE
YEARLY
-
Cash and deferred delivery sales are disregarded In the
in the week in which they occur. No account is taken of
the month when the bonds mature.
week's range, unless they are the only transactions of
such sales in computing the range for , the year.
aaarog
4 :4.AV
Treasury
3%s
Trea»iry
3 Vis—.-.—.—•——1944'
...
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
-1946
A-0
■1949
J-D
Treasury
Treasury
2s
2s
Treasury
2s__
——
Treasury 2s
......
Treasury 2s
—
Treasury 2s
;
Dec
Jun
Sep
Dec
March
Sept
2s
Treasury
Treasury
Treasury
M-S
112.6
J-D
*103.7
Corp—
*107
M-S
*104
106.18
106.16
'v-
104.2
*103.15 103.17
Af-S
'v
*100.1
__
J-D
J-D
100
„
1
M-S
J-D
J-J
J-D
100.15
106.9
106.9
100.2
__
'■
Af-3
1950
J-D
101.31
6
V
,
V/' ;
*104.20 104.22
__
M-S
J-D
*101.4
104.8
101.8
100.21
'
H
100.11100.13
:
*100.15 100.17
J-D
.•
-
100.25
100.5
*101.25 101.27
M-3
100.13
>'
,
J-D
*105.16 105.18
„
'—•■
101.7
*101.5
*100.4
ft-8
Af-N
Owners' Loan Corp—
1952
3s series A——
19441947
l%s series M—
a—-—1945-
Af-N
J-D
100.13
>101
,
v
J
101.2
100.28
106.16
1
100.16 100.16
__
100.13
100.28
100.6
*100.20 100.22
__
-4
unstamped
v
'
part paid-': 4
...
:
A6s oart paid.«..—
...
Haiti (Republic) s f 6s series A
Helslngfors jCtty) extl 6%s
A7s
,
Irish Free State extl s
York City
f 5s_—
IQfiA
1968
110'A 110 Vi
110'A
'
76
»
108% 110%
1952
1960
I960
;
REctor 2-2300
Broadway,
*59%
M-N
M-2V
F-A
A-0
J-J
M-S
Af-N
(CommonwTth) 5s of '25_1955
5s of 1927
1957
of 1928
.—1956
Belgium external 6'/aS
1949
External s f 6s .—:
....«_1955
■;
External s f 7s
.... 1955
lABrazil (U 8 of) external 8s
1941
AExternal s f 6'As of 1926__
.1957
AExternal s f 6v/2s of 19271957
A7s (Central Ry)
1952
25-year
30-year
30-year
2»/as
.
.
3s
AChile
(City)
(Rep)
Ms
External
s
AExternal
*—
84%
85%
82%
94%
92
94%
93 %
93 %
94
92
90
88%
90%
108
100%
47%
52%
52%
47%
52%
ARio
49%
54%
94
94
92
94
94
v92
95
r," 94
*98%
a 6s
sinking
72%
80
73%
52
50
104%
105
101%
102
102%
101%
102
*102% 102%
102%
103 %
103% 103%
103%
103%
103% 103%
101%
103%
*102
A-0
1961
1961
F-A
ATJv external s f 6s
a6s
A Extl
A6s
*18%
17%
19%
17%
17%
sinking fund 6s
1961
""
J-J
M-S
M-S
see
page
860.
1962
A-0
16%
19%
18%
17%
17
18
17%
of 1926.3.....1966
loan
.1967
A7s
municipal
18%
"19
19%
s
f
External readjustment
17%
17%
16%
17%
17%
19
16%
19
18%
16%
19
13%
19
A Warsaw-(City)
19%
V &4%8 assented..
18
17%
17%
17%
19
17%
.,
17%
17%
;•,
.
,.
K
19
17%
9%
10%
15%
14%
15%
16
18%
18%
32
35
34
30
33
34
43
*90
100
32%
•
External .conversion
3%-4'/8r4A extl conv
external 7s
96
96%
1
94
95
*83
83
85
*88
87
88%
*90%
.
,
88%
91
*104%
17
20
11%
13%
12%
14%
35
20%
,20
*12
*10%
•
*24
•
17%
*12%
t
16%
15
15
3
36
38%
4
34
36
'
35%
35%
35%
18
12 4;:
'.V
36%
36
14
4
17
*12%
;
50%
'
*43%
'
•
101
101
;
50%
103
100%
10
37%
26%
37%
41
35
38%
32%
31%
32%
103
30
33%
40
-
40
40
14
39
'
30%
^
'v'43''
34%
a
•
4
41%
29 ;
•
4
35%
34
35
18
> 81%
36
32
•
83%
36%
3
35%
32
30
33
83%
'
9
38%
v'r-" V
,".*38 if:
39%
'■
40%
4
20
:
1 r>
39
4
33
60
30%
32%'
?v 58 %
56%.
58%
>: % 35
56'/a
11%
11%
11%
r
11%
12%
*3
10%
1
91
91
91
91
89
89
—
—
—
91
"
—p
—r
2
68%
V;
__
.
---
.
,
r
61
-
60
CO
61
66%
70
59
60
11
12
10
12
60%
10
13
10
12
■
.
.... ^
69%
61
1
11
69%
*8%
92%
8
'
>60
12%
A?;
■
19
•4'
65
•
> 10
2
"
69%
637/a
61
F-A
J-j
F-a
,v'
89
*87
68%
J-D
14 %
93%
;
89
Af-N
15
11%
I/':
10%
:
A,™
15%
12
>
5*91%
"■*„4
■
Af-N
7
12
12
Af-N
Af-N
.
41 A'
36%
36%
18
41
33
32%
.:
83%
30
•
36%
,
a
37
32
83'%
;
/
33%
34
6
36
*34
,
31%
34
31%
F-A
F-A
16'/4
17%
J-D
1958
16%
17%
J-D
1979
31%.
18%
:F-A
1979 •;';
"
33
.
.1958
98
98
25
v
*87
Af-N
Af-N
•
95
100
5
94:
A-0
.1978
4»4%-4%s extl.readjustment_.._1978 '
3%s extl readjustment—:
1984
97
93
100
96
J-J
M-S
jtj
.
10
98
J-J
-
89
93%
i
94
;
92
89
95
'J-D
j Af-S
Af-N
' Af-N
.
35
.
92
*100
rM-N
,
:/-■ 32
■
*88
A-0
J-D
'
17
*15%
A-0
F-A
7s
19
17%
11%
10%
*13
Af-N
F-A
1968
..1940
Serbs Croats & Slovenes (Kingdom)—
A8s-secured external
1962
A 7s series B sec extl
1962
A Silesia
(Prov of) extl. 7s
1958
A4%s assented..^-.
...
....1958
Sydney (City) s f 5%s.__.
1955
AUruguay (Republic) extl 8s
1946
AExternal sink fund 6s
_1960
AExternal sink fund 6s_
1964
:
3%s-4-4%s ($ bonds of 1937)—
18%
17%
14%
11 Ve
*12%
J-D
\ J-J
1946
18 V*
18
A-O
1962
assented
For footnotes
1981
Sep
assented
1961
Sep
20
17%
14%
11%
9%
of)-—
i
§ A Secured
18%
18
17
16
*14%
J-J
J-J
..1940
;.1953
external sink fund gold
17%
17%
J-J
1981
Jan
assented
sinking fund 6s
AExternal
A 6s
Jan
18
23%
18%
F-A
Feb
assented
18%
'
18%
A-O
-
Feb
6s
109%
102
20
11%
J-D
sink fund 4s_._.1964
ASao Paulo (City of Brazil) 8s
1952
A6 %s extl secured s f....^
1957 /
IA San Paulo (State) 8s
1930
A 8s external
1950
A7s extl water loan
1950
A 6s extl dollar 1nnn
,
1Q66 '
54%
108%
li'/a
*16%
'*14%
J-D
A-0
Af-N
Af-N
Santa Fe external
80%
:
109% 109%
*104% 105 %
103%
/
80
:.;• 102
tClty of) 8s.
J...
Rio Grande do Sul (State
A8s extl loan of 1921^
A 6s
80
73%
■
12
'
,.81%
76
M-N
i960
fund
76
95
72
76
*
A Extl
95
76
79%
■:*" 52
Janeiro
A7s external loan
75%
...
-
98%
95%
100
*95
74
..
de
AExtl sec 8%s
18%
*9%
A-0
A-0
A-0
52%
13
95
*11%
A-0
55%
*
17-
*17%
1940
s
(Rep of) gold 6s__
51
54%
101%
181
18%
A-0
F-A
A4%s assented-.^.
55%
53%
J-J
J-J
J-J
i J-J
M-Af
;
102
;?
99%
101%
78'/a
13
J-D
A-0
51%
101
99%
>100
*89%
1960
f 6s 2d ser—1961
7s
53%
*101
34%
<
*99%
F-A
Af-S
50
*100% 102
101
86%
34%
*63%
A-0
AStabillzatlon loan 8 f 7s.
r
101 >
100%
,
78%
F-A
1963
APorto Alegre (City of) 8s
1961
AExternal loan 7%s_;
i960
A Prague (City of Greater) T'/aS.—1952
Queensland (State) extl 6s
1947
-100
86%
•
.
84
1
,
-
85
34%
94%
,
*16
1958
...1947
A4%s assented
.i....4
1968
AExternal sink fund gold 8s_.__195Q
94%
89%
1
.
85%
*16%
Af-S
Af-S
lAPoland
86
93%
86
,
J-D
U-N
A4%s assented
84%
93%
*28
*--/•
M-S
ANat Loan extl
'
86%
J-J
J-J
M-N
1980
sinking fund 6s
AOs assented
94%
82%
A-0
Af-N
J-J
A-0
1942
f 7s
assented
92
85%
Af-S
Af-3
F-A
1954
8s
92%
85%
J-D
Af-S
F-A
J-D
1942
3s
ACarlsbad
92%
86%
87f
*101
1959
(State of)
(Rep of) external 7s___
A Nat loan extl s f 6s 1st ser
•100%'
85%
86 %
:
."■
'
1947
APernarahuco
59%
92%
A-0
A-0
Jan 15 1948
_Jan 15 1953
Jan 15 1958
:
98%
70%
86%
M-S
extl s t 5s ser
(Rep)
A Peru
100% 100'/4
67%
Af-S
.
A-1963/
A Stamped assented 5s
_1963
Stamp mod 3Vis ext to—...1994.,
Ext sec ref 3Vas series B„
1967
16%';;"17%
100%
75%
70%
86
J-J
-
18
57%
J-D
i
>
17
,
71%
85%
.1957
1958
APanama
17%
J-J
J-D
1961 >.
1967
1968
3s
3s
......
18'/a
18%
-
16%
M-S
..1957
.1958
1950
3'As
.....
f 5s
17%
18%
17
A-0
A-0
J-D
External g 4%s
1961
1977
1978
1976
1973
1984
1960
f 5s
s
17
17
J-J
J-J
J-J
A-0
External
(City) s f 5s
fund gold 5s
fund gold 6s
Buenos Aires (Province of)—•
A 6s stamped
External s I 4%-4%s
Refunding s f 4%-4%s
External readj 4%-4%s
External s f 4%-4%s
3% external s f $ bonds
Canada (Dora of) 30-yr 4s
s
17
Af-S
J-J
51%
5
t>
•;
J-J
external 6s
...
...
.1944
/External, sink fund 4%s_—_1950
External sink fund 4%s
1965
4s sink fund extl loan
—1963
Municipal Bank extl a f 5s
.1970
Oslo (City) sink fund 4%s—...—.1955
50%
72%
73%
86%
"■•■•:
—
61
69
70
.
59%
2
73%
.86%.
1
70%
J-D
Norway
F-A
A-0
60%
75
60%
(State)—
South Wales
External
Australia
Sinking
Sinking
7s
A6s series a
ft Municipal
Brisbane
;-v
1958
1959
1952
iflsa
6'/2S
(City)
AMontevideo
External
Mtge Bank (Colombia)—
AGtd sink fund 6s
1947
AGtd sink fund 6s
1948
Akershus iKing of Norway) 4s
1968
AAntloqula (Dept) coll 7s A
1945
AExternal s f 7s series B
.—1945
A External s f 7s series C
1945
AExternal s f 7s series D
1945
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 4%s
1971
S t extl conv loan 4s Feb
1972
S f extl conv loan 4s Apr
1972
110
146%
70%
agreement
f 6%s
ASec external s
Agricultural
-7
-
60%
Q-J
Q-J
1910——.
ASec external s f
New
Foreign Govt,
106
100%
104%
60%
110
>147
(State)—
Minas Geraes
Teletype
New York
104% 104%
32
139%
110
M-ill
-.1945
Assented to Nov. 5,1942, agreement
SATreasnrv 6s of 1913 assent—.1933
Assented to Nov. 5, 1942, agreement
1
1-1693
l^ll
105% 106
....
/ A Assenting 4s of 1904—.—^.1.1954 v
Assented to Nov. 5,1942, agreement
AAssenting 4s of
NY
22%
>103% 108
J-D
J-D
assented.1943
Assented to Nov. 5, 1942,
120
64
21
10
*99%
A-0
agreement
AMexico tUSj extl 5s ol 1899 fc
1943
A Assenting 5s Of 1899
.——.1945
phone
65
57%
61%
21
'
A-0
M-N
Assented to Nov. 5,1942,
Exchange
34
-~
.
64
104% 104%
^
A-0
.
1954
4s readjusted
(Prov)
A4%s stamped
Membere New York Stock
37
21
Mexican Irrigation—
Wertheim & Co.
59%
34
59%
h
42%
34
34
i
39%
-
.
/•';>,
■/
61%
^
.
(State Mtge Bk) 7s___l,«57
(Colombia) 6%S—s
1954
AMedellin
Mcndoza
ign Securities
59%
57%
14
36
63
4^
'
A Jugoslavia:
Unification Issue—
Corporate Stock
Transit
57%
1
2
"•
36
0
J-J
M-S
J-D
1Q4Q
17%
Greek Government—
100.24
/;
*
F-A
F-A
J-D
'.
16%
15%
A-0
'
1964
16%
4
58
58
M-N
Af-S..
Tst series—
1969
series—.—.1969
AEstonia (Republic of) 7s
1967
Finland (Republic)" extl 6s
1945
French Republic 7s stamped
1949
r-
17'4
/
22%
*18
A-0
M-N
F-A
J-D
Af-N
5 %s
•
18%
16'4
15%
15%
/
J-J
J-D
A-0
A-0
J-J
F-A
A-0
Af-S
A-0
A-0
M-S
A-0
8 A 1st series 5%S of 1926^.
1940
8 A 2d. series sink fund 5'/aS.»...1940
Customs Admin 5%s 2d series
1961
101.8
—
17%
17%
A
58
'
101.6
17%
16'/«
8
'
41%
External gold 4 %s..i.T—........1962
lADominican Rep Cust Ad 5%s
1942
■
18
17%
5
40%
5%s 2d
104.8
t
*101.12 101.14
Af-3
."'i
101.31
*101.18101.20
*101.14101.16
J-J
'
16
17
58
1949
..1949
1977
17%
10
•
17
18%
17%
ii'j-'.'"'••
■
A-0
1953
A public ;wks 5%s
1945
A Czechoslovakia (Rep of) 8s ser A_1951
ASinking fund 8s series B
.1952
JADenmark 20-year extl 6s
1942
External, gold 5%s—
1955
'Jr
101.31 101.31
.
»
debt—
external
18
17%
17'/a
A-0
J-J
Sinking fund 5%s
100.5
100.2
100.4
'
1950
4%s
s
*104.10 104.12
J-D
External loan 4%s
High
16
'
17%
17%
J-D
1952
1953
1951
1944
External 5s of 1914 series A..
—_
*107.16 107.18
__
M-S
100.1
100.4
100.9
■■■J
*106.26 106.28
*102
102.2
__
100
100.1
4
6
V
M-S
1947
1946
1947 .44
Mtge Bank 6%s
Rica, (Rep of) .7s
Cuba (Republic of) 5s of 1904
2
100.4
100.15 100.15
100.1
Af-S
bonds
ACosta
100.1
100
2
100
100
100
100
—
100.3
1928
Copenhagen (City) 5s_.
25-year gold 4%s
100.3
100
'
J-D
16%
A-0
A-0
Af-N
Af-N
M-S
Oct 1981
Jan 1961
1970
of 1927
A Sinking fund 7s of 1926
ASinking fund 7s of 1927
'
^
*100.12 100.14
J-D
of
A Colombia.
■:
16%
17
J-D
sink fund 6s
3s external s f $
*107.19 107.21
M-S'
A 6s
;
>•
;•..
:>• 13
(Republic of)—
Colombia
A 6s
107.2
J-D
Home
3%
112.6
*106.20 106.22
...-1944•—1944- 1949
New
111.11
111.12
103.9
M-S
J-D
-
106.24
109,3
111.9
2
112.6
1948
3s-
103.24
1
*111.23 111.25
J-D
19481951
19491951
19491951
1949•1952
1950- 1952
1950- 1953
1953—June 15
103.11
109.3
Kvi.
*111.27 111.29
J-D
111.30
103.11
*109.19 109.21
-—^—.—.—.-1951'- 1955
—.—.——»_1951- 1959
Federal Farm Mortgage
3 Vis
__
M-S
2s
2s
l3As
111.20
Low
17%
i >
J-D
:
assented
A 6s
No.
17
J-D
1961
1961
A Guaranteed sink fund 6s...—1962
A 6s assented—
...... J—1962
A Chilean Cons Munio 7s.—
.1960
a 7s assented......
......
1960
A Chinese (Hukuang Ry) 5s
1931
111.6
111.6
/i
:•
January 1
High
16%
Af-N
1961
...
Range since
Sold
17%
J-D
..1961
fund 6%s_._
A Guaranteed
rj'V
*103.5 103.7
106.24106.24
...
J-D
.1947
___Mar 1948-
A Sinking
A6%s assented
*112.13 112.15
Af-S
.1945
105.18
105.18
1963
1957
1957
Bonds
Friday's
or
Af-N
1963
assented
A 6s
Last
Sale Price Bid & Asked
Low
AChile Mortgage Bank 6%s
A6%s assented
100.25
100.18
tj-
*111.15111.17
M-S
106.9
105.4
*105.2
M-S
M-S
102.29
106.9
25
fund 6s
AExternal sinking
*110.19110.21
__
J-D
2Vis
.1948
2%s
-1953
2%s_
1949 -1952
2 Vis.,.—-1950'
•1954
2 Vis.
1952- ■1958
2Vis
1956•1967
2 Vis —.
—*-1962' •1968
2Vis
1963
•1969
2 Vis
June 1964-1969
2 Vis
-Dec. 1964
•1970
2Vis
1965•1972
2 Vis
1967•1953
2 Vis
1951•1955
2'As
1952•1956
2 Vis
19541959
2Vis
—_T
1956-
Treasury
102.28
*105.10 105.12
J-D
111.23
;
Interest
Period
(Continued;—
Chile; (Rep)
High
111.23
3
*100.15 100.17
-1951
2s
Low
No.
*102.26 102.28
..
Week Ended Feb.
January 1
*105.31 106.11
—1948
-1954
1
1951
•1959
2%s-._»_—1956
-1963
2%s—
1958
-1965
2-'Vis
1960
2%s
2%s
1
High
Af-a
Treasury 2s
Treasury
J-D
l/8S_——————1946 -1952
3VeS
1949
■1948
3s
—1946' •1955
3s
1951
-1960
27/sS
1955
-1947
2%s.-f.———>-—*1945
Treasury 3
Treasury
Sold
elll.14elll.14
A-0
1947
-1954
1944
-1956
__1946
4s
Asked
Week's Range
Friday
BONDS
Stock Exchange
;
.
New York
Range since
Bonds
Low
1932
4 Vis
Treasury
Friday's:
or
(government
li. S.
Treasury
Last
Sale Price Bid &
Period
Ended/Feb. 25
Week
T >
Interest
Stock Exchange
New York
Week's Range
Friday
BONDS
:
65
Volume
THE COMMERCIAL &
Number 4259
159
NEW
BOND
-
New fork
Stock
•
,
Exchange
.
Interest
.
;
Friday> Week's Range
Last
or Friday's
Bonds
Low
High
BOND RECORD
Range since
Sold
January 1
No.
Sale Price Bid & Asked
Period
Week Ended Feb. 25
YORK
FINANCIAL CHRONICLE
Low
High
Chicago & North Western
Railroad and Industrial Companies
{Abitibi Power & Paper—
§ a 5s series A plain-
19S3
109
pl09>>3:09>>
72
^Stamped
__»___1953
Adams Express coll tr gold 4s
1948
70
72
New
109
Circular
/•
—
*104'A
104'A
104%
—
100%
104'A
1947
*101
10-year deb 4'As stamped
Alabama Great Southern RR—
1946
*103% 106
103%
104
103 %
104
107%
108 »A
89%
98%
1st
Power
3%s
mtge
with
......1948
1948
*90
modified
5s
modified-.-.—
-100%
A 5s'
income———1950
1998
Allis-Chalmers
Am
&
Mfg conv
Am
Internat
3'As
3s
Am
Wat
106%
6s series A
28
10874 109
17
117
375
115%
103 7/a
116
104% 104%
*67
(Del)
105% 105'A
1st
Atl Knox & Nor
gold 5s
coll
N
—
3'As
101
&
: 97 7. ;
96%
977*
202
90%
97%
817*
80%
82%
142
69
83%
1952
94%
927a
94%
273
89%
94%
1948
;_1948
41 %
41
41 s/a 7'
35%
gold 4s__
Oct
4s
mortgage
Atlantic Refining deb 3s
101
&
Ohio
—Feb 11960
Pgh L E & W Va System—
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3%%
77
J-D
,
3-D-
M-B
-1949
51%
M-N
7674
627e:
1st & ref 5s series A
AGen
105
mtge
———1971
(conv)
inc
1997
AGen inc mtge 4'As
41%
65
7
121
727a
73%
7
41%
79
49%
49%
49 'A
*99%
57
305%
9
129
101
102 %
1
Carolina
^Carriers
iCart &
105
.
Clinch &
,
■'
Celanese
.
i
95
adjustment
A
Ref &
gen
AChatt Div
For
our
footnotes
money
see
page
9674
193
74%
83
j-j
82%
j-j
V;:>P84»
■>
61
69%
77%
233
767a
84%
43
76%
84
777a
85%
56'A
.
84
83%
85 'A
126
54%
56'A
1,458
45%
3.133
11%
17
64
76'A
85%
F-A
56
A-O
167a
15%
17
M-N
76
75'A
76%
76 'A
78
.
:
M-N
M-N
1987
M-N
1987
——1936
M-N
:> > 3;;;
Fed inc tax,
607a
61%
50
6174
60
61
86
4978
61
May 1 2037
5974
60%
26
49%
60'A
1949
M-N
17
967
11%
1989
J-J
102 7/a
177/a
102% 1027/a
i__1999
J-J
673A
103
1st & Gen
{jAChicago
25%
•-'—— >-~i
...
mtge 4s ser A w i
2nd mtge conv
106
income 4'As
Railways
1st
5s
96'A
AGeneral
54%
1927
——————1988
4s
111%
85
217a
68
36%
45%
1952
M-S
507a
50'A
51 'A
372
39%
51%
1960
1951
M-N
117a
11 s/a
338
1951
j-d
gold 4'As
,
21
89 3A
87
A-0
102% 102%
,
837a
83%
84
26
7274
'84
747a
75
30
59 3A
>77
ACertificates of deposit——.——
Union Station—
series E
mtge 3%s series F
1st & ref 4'As
1963
1963
61%
'
65
>
70
55
65
*67
1st
;
Chic
io9
'
111
—1967
Cin Union Term 1st gtd 3'As D—1971
1st mtge gtd 3%s series E
.1969
mtge 3'As
.
Cin Wab St M Div
1991
66%'
118%
St
ill
-
119
111
10974
110%
112%
112'A
887a
'94%
;
—
■
,
1st 4s
107
Cleveland
Elec Ilium
116
11774
Cleveland
&
116
11778
118'% 118%
117
115%
1970
■
"
71%
57%
66%
53 s/a
67%
90
65%
*88
82
89
1077a
107
107
106
106
Pittsburgh RR—
Series
C
3'As
gtd
118%
Series
D
3'As
gtd
117%
General 4'As series A
F-A
112 5/a 1127a
1117a
112%
111
111
111%
F-A
93
93%
'
*107
1948
1950
1
104% 105
104%
6
\ 110
*107
M-N
F-A
63%
65
1962
1955
J-J
105
J-J
102%
1948
J-D
65
v
110'A
:
>"
*108
—
1st
s
f 5s series B
104
100'A
10574
1st
s
98
104%
Coal River Ry
110%
Colo
109%
110
107
107%
52
65%
104%
1027a 102%
101'A
53
65..
Fuel
Colorado
4'As
gtd
&
1945
1945
88
80%
91%
M-N
48%
497a
37%
50%
1959
A-O
13
137a
12%
167a
:_1959
A-O
gold 4s__1951
J-D
*55
57
1274
'7 54
16%
56
5%s
.i.1972
gtd.———ri;„j973
inc
E
Ry.-—
modified)
deb 5s._
Ohio
& Tol
1st
ACommercial
Income
deb
90
98
49
91'/4
65
877a ::
63
i86
.
,
89%
.
92%
! > 84
75%
99%
98%
.92'A
88
90
....
52
607a
59%
.—.1980
59%
103%
103% 104
104'/a
104
El
3'As
,c>70
extl
4s_j;
109
1955
—
■
1047a
109
109
108'/4
,
1047a
1037a
108% 109
*113 '/a
61
103'A
10474
*108%
extl gold 4s__ 1948
& Sou
97%
>
95
2
99 '/*
_May 1952
1961
1st
Columbus
•
90
,
'
•
Debenture 5s__
Columbus & H V
;
97%.
91 %
7.
1945
ratge. —X 9 7 0,
Southern
G &
—:
99 '/*
86%
1st gtd 4s_—
& Iron 5s
(stamped
Columbia
1027a
13%
*106
f 4'As series C.
Cleve Union Term
106
13%
,.1981
B
*106
gtd 4%s——1961
9374
107%
65
1st
1017a
104'A 105
6274
1977
ref 4'As series
101%
110
65
Gen &
Cleve Short Line
84%
93%
101 »/a 101 '/8
J-J
J-J
111
71%
106%
1077a
107
•107
:
J-
69
1990
3s_
93:%*'
*100
,—1993
coll tr gold 4s.
1057a
J-D
70
109'A
;-V.93'A"
100
1163A 117%
116%
65
108%
'
A-O
65
>
*109 7a 110'A
71%
1st
59%
.109
.
,*112'A
1993
gold 4s
L Div
53
>>
& St Louis Ry—
117% 1177a
J-J
105'A
>•
—.—19437
'>'61
117% 11774
:
106
10474
————.—1957
'ADebenture 5s
103%
104
105% 1057a
1977
1057a 106
105%
102%
10578 105%
Ref & impt 4'As series E_
95%
J-D
103%
General 5s series B
116%
74
110
1962
10974
*99% 100
109 '
1952
4s
com
series D
102%
117% 118
y* i;76%
59
10974 1097*
1027a 103%
10974
109
J-J
J-J
>.> ->/>'
64
5
74%
*_.
{AChoctaw Ok & Gulf cons 5s——1952
Cincinnati Gas Si Elec 3'As
1966
8774
A-O
J-J
—
767*
76
101%
*109% 10974
A-O
93%
89
74%
guaranteed 5s——Dec 11960
1st mtge 3%s
76'/a
86
873A
lls/8
90%
6
•
Chicago
907a
69
8%
>
84
93
93
I
>■>71.
'•
3-D
y.
28
37
11
j-d
'
m-s
29
53
75
68
917
•
3-D
54%
27%
sV"
45 %
1951
109
28%
81
61%
44%
Income
112%
447a
74%
447a
Memphis Div 1st gold 4s
107
109
89 7o
20;
371
Chic T H & Southeastern 1st 5s___I960
100
26%
76
747a
a-o
Chicago St L & New Orleans 5s
Gold
3'As-
104
27%
75 3A
f-a
j-j
AConv
53'A
105
6874*
'
of deposit
gold 4s
{ AChilds Co deb 5s—
*88
75
67%
§ASecured 4'As series A
109%
245
75
74%
17%
232;;
—1934
1st
52%
75
.'
68%
10274 *-* o to 0C"
''
1097a
94%
—
6774
84
ACertificates
108
9
16%
stpa
part paid
Chic & West Indiana
75%
w
•A
-74
{Chicago Rock Island & Pacific Ry—
103
103
.
60%
10574
6
96
5974
AConv 474s series A
41'A
81
32
60%
106
20
Vvv.3//:
96
j-d
—
106% 107
94%
j-d
-
1117a 112
95
73%
j-d
34
*109 7a
M-N
'
79
80
May 1 2037
101
108'A
67'A
67%
67%
56
May 1 2037
4%s C
53%
67
52
•
*77%
gold 5s
52%
;
79
80
;
4'As stpd
6274
.
•
76%
ref
52%
99% 100
783A
79%
".r
65%
17
78%
""
-
.
76 7a
ref
172
1037a 104
•'
76%
'
ref
62%
108% 109'A
■
&
59 s/a
,
M-N
78
73'/a
&
8 ARefunding
*109% 1097a
703A
65'A
6574
22
&
A 1st
92'/a
64
>
:p
A 1st
10074
101
'■
76%
A 1st
12974
p
:
■
■
99%
..
'
19
M-N
89%
*1005/a
14%
83
j-j
M-N
A4'As stamped
8 A Secured 6'As
867a
87
1987
49'A
F-A
860.
1
1987
AGen 5s stpd
1047a
>
1987
4s
Columbus
5s series C
Jan 1 2000
registered
8374
M-S
Nov
95%
registered
1987
A Stpd 4s n p Fed inc tax——1987
AGen 474S stpd Fed inc tax
1987
52
1965
.
1975
5s
4s
89%
—1950
mtge 5s
May 11989
May 11989
gpld 3'As
86%
5s. w w
SAConsol gold 5s
ARef & gen 5%s series B
143A
95%
>
'
Mtge gold 5s series A
81
{Central of Georgia Ry—.
A 1st
lo y*
series F
*90
Ohio 4s—
debs
ioy*
33
43As
102'A
——
103% 104'/a
Corp 3%s
56
14'A
series E
81
,V-
*103
110
Celotex Corp 3%s debs. ——i
ACent Branch U P 1st gold 4s
13%
137a
4'As
105'/a
7
;
M-S
1981
13
14%/
84%
104%
>■»>'
,
J-J
cold 4s—
137a
j-j
77% /
100
4
103
1960
& Gen Corp
61
M-N
83
73%
1007a
19
105
95
1949
Adir 1st gtd
1966
May 1966
82%
General
4%s„_—.
657a
45
767a
AGeneral
65
73%
128
2
102% 102%
105
'h
>V- :-3 >"
*105% 1057a
1955
trust
47%
72
81
Cleve Cin
Collateral
64
60'A
84
49'A
—
105% 1057a
gtd—-——I960
tSACarolina Central 1st gtd 4s
63%
60
?
;•>:
"77
74
*
2
100% 10074
—1952
—
62 7e
607a
j-J
j-j
AGeneral
•
56%
t
7
——
—1968
California-Oregon Power 4s
_1966
Canada Southern cons gtd 5s A—1962
Canadian National gold 4%s
1957
Guaranteed gold 5s—:—July 1969
Guaranteed gold 5s.
-Oct 1969
Guaranteed gold 5s
1970
Guaranteed gold 4%s
,-1955
Guaranteed gold 4'As
_—1956
Guaranteed gold 4'As
,—1951
Canadian Northern Ry deb 6'As—1946
Can Pac Ry 4% deb stk perpetual
5s equipment trust ctfs
1944
Coll trust gold 5s
1954
68%
627a
J-J
—1947
j-j
AConv
41
64
8
—————1934
3%s
50
4s series A
May 11989
gold 3'As series b—May 11989
4'As series C
May 11989
98 3A
81
81
modified
(interest at
13% to 1946) due
1957
{Burlington Cedar Rap & Nor—•
Power
47
6
j-j
A
Stamped
Elec
60%
28
1956
'
California
86'A
68%
AGen
51%
31%
42
80'A
gold 4%s series JJ
1961
mtge 4s series RR
—1960
Alnc mtge 4'/2s ser A——July 1970
{ ABoston & NY Air L 1st 4s—1955
Bklyn Edison cons M 3'As
1966
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 1st cons gold 5S.1945
1st lien & ref 6s series A
1947
Debenture gold 5s
1950
1st lien & ref 5s series B
1957
Buffalo Gen Elec 4%s B
'—4—1981
Buffalo Niag Elec 3%s series C—1967
Buffalo Rochester & Pgh Ry—
5s
637a
12574
76%
60
59%
AGen
•5174
99'A
48%
125 3A
AGen
5774
927a
{Chic Milw St Paul & Pac RR—
141
80
1st
Consolidated
84
274
687a
B—1947
Chicago Ind & Sou 50-year 4s,
{Chicago Milwaukee & St Paul—
AGen
94'A
59
j-j
5s series A
gen
8474
*126'A
j-j
series
5s
>.yp-
152
10
2038
1st & gen 6s series b_
AGen
659
80%
1st
Bush Term Bldgs 5s
gold
"
103%
86
—1947
1st &
98
84%
:
A
51%
80
1967
1955
Bush Terminal 1st 4s_
j-j
?
Ry—
ARefunding 4s series C__,
85%
3'As
'•
-
.-1959
1960
—1965
1944
deposit
1988
37
1007a
1047a
>■'.
10274 103
M-N
.
88'A
41
1982
Chicago & Erie 1st gold 5s
Chicago Gt West 1st 4s series A
105%
467a
j-j
103
23
••''A-
30%
102%
100%
103%
103
63 7/a
73%
637a
64
73%
3'As series F
Con sol mtge 3s series G_
Consol mtge 3'As series H
Big Sandy 1st mtge 4s—
of
103
Chicago & Eastern 111 RR—
-">
•'
Beth Steel 3'As conv debs
ACertificates
103
98%;
128
77%
101
8'Alst & coll 5s
*100% 101%
■
j-j
60%
152 >: 7
40 7/a
75%
■
—1956
1952
.
102
97%
122
51%
129
1st 5s A C
102%
{Chicago & North Western Ry—
J-J
5s series II
■
21%
98%
472:
'
5174
39%
40'A
102
29%
F-A
100
;57'A>
50
—;
10174
122%
927a
/D
Telephone of Pa 5s series C—1960
Indus Loan 2'As
1950
M
j-J
100
132% 134
120
27%
91V
10
51%
50
*120
91%
105'/a
56%
120
J-J
F-A
36%
50
J-J
a-o
1977
33%
51%
Beneficial
1st
121%
>'
10274
6
87
> ; 77 51 %
F-A
4s————————--1951
Boston & Maine
120
>
1.949
M-S
42
867a
■,7>; 57%
■M-S
J-J
Consol mtge
108
1958
33%
86%
A-O
1959
debentures
107%
106'A
1949
a
stamped
1951,,
Battle Creek & Sturgis 1st gtd 3s„1989
Beech Creek Extension 1st 3%s
1951
2%s
106%
7
1st & ref 4'As series B
70%
4s
Bell
14
106% 107
General 4s
41
Bangor & Aroostook RR—
Con ref
106% 107
106%
J-J
101%
36%
105
105
due———1950
1947)
to Jan 1
Toledo Cin Div ref 4s A
106%
F-A
3s
registered———
ARefunding
due——
M-N
1996:
104%
1st mtge
A Conv
1996
101 :i52
—
RR—-
gold 4s——:
July 1948
Stamped modified bonds—
1st mtge gold (int at 4% to
Oct 1 1946) due——July 1948
Ref & gen ser A (int at 1% to
Dee 1 1946) due———1995
Ref & gen ser C (int at 1%%
to Dec 1 1946) due—
—1995
Ref & gen ser D (int-at 1% to
Sep 1 1946) due
———..2000
Ref & gen ser F (int at 1% to
Sep 1 1946) due
1996
6
10
104%
101 3*2
32
*104'A
1953
ref
{Chicago Ind & Louisville
ARefunding 6s ser A
Baltimore
100% 101%
133% 1337*
Division 4s———1949
registered—.
;i
——1949
4s
>79%
101.
Illinois
101
ioiA
Atlantic & Danville Ry 1st 4s
Second
*101
88%
'•75;'-::
133%
Illinois division Vfas
>
lOOVa
74
M-Q
Chicago Burlington & Quincy RR—
78
967a
3
1946
{ACl.icago & Alton RR
7/77
5
46
M-S
110
*^ "*7 j
'
•
397a
1992
110%
.
Jf-N
—1948
108%
4%s A———1964
unified
General
&
Chesapeake & Ohio Ry—
General gold 4yas..—.
1
Ref & impt mtge 3'As D
Ref & impt M 3'As series E..
1944
1963
July 1952
30-year 5s series B
1st mortgage 3%s
Atlantic Coast 1st cons 4s
L
106%
110
>—
1946
1944
Atl & Charl A L 1st 4%s A—
1st
Certain-teed Prod 5'As A
105%
106%
111
10174
3
109%
110
108%
78'A
102'a
Central RR & Banking—
§ A 5s stamped »
——1942
R & A Div 1st cons gold 4s
,..1989
2d consol gold 4s—1989
111
107 %
100
78%
84%
107%
110
30%
242
106 %
111
26%
40
88 »4
2
>-v7~";
1960
1st 4s—-—1958
35%
87
10774 10774
110
1955
1905
gold 4s of 1910
27%
87
Potts Creek Br 1st 4s
Conv 4s of
Conv
Trans-Con Short L
74
F-A
121%
3
35'A
*
*23%
-I960
113%
__
37%
34'A
35
99
11278
20
29%
99
11.8%
,
30
355
99
41
—
409
37'A
101 % 101%
33
1077a1108
397*
36%
107% 10774
121'A
*10974
92
37%
37
j-j
25
101 %
112% 113%
1077b
83%
9074
107%
5s
3074
112
89'A
-
A-O
gold
High
26%
;
111%
F-A
121
;
10
A-O
Guaranteed
■
Adjustment gold 4s
;—1995
Stamped 4s———.——1995
Conv gold 4s of 19091955
287a
Luw
—1962
113
——'tr—1995
—
.
January I
NO.
1st ref gtd gold 4s_1949
Through Short L 1st gtd 4s—1954
110
Range since
Sold
38'A
j-j
Central Pacific
105'A
777/ 4-
Bonds
High,
28y8
,
1987
Central N Y Power 3%s»
Topeka & Santa Fe—
General 4s-
registered
121%
—1978
7s income debentures
Atcmson
4s
105
44
105%
105
Friday's
*111 'A 111%
90
1987
„
102'A
*103% 103%
105%
105'A
28'A.
A-O
——1987
4s
76'A
;
1955
C
registered-
69%
—
j-J
1966
68
69%
*84%
'>
(Del)-1957
4s B
series
4s
—'
—.1946
1987
5s
109
107
9
107% 108
T.„7r
1975
or
Sale Price Bid & Asked
1961
104%
117
Teletype—NY 1-310
Week's Range
Last
Period
{ACentral of N J gen gold 5s
117
11
1087a
Friday
Interest
25
Light 3'As
{ACent New Eng 1st gtd 4s
107%' 108%
108% 1087*
104%
York 6
New
Illinois
AGeneral
,—1962
Exchange
Bell
Exchange
1st gold 5s
Central
107%
Anglo-Chilean Nitrate deb—
1967
1st gold 4s
1995
Ark & Memphis Ry Bdge & Term 5s 1964
fund
90%
5
Ann Arbor
sink
105'/a
86%
107% 107%
1956
3s
Slock
Low
104%
A
1st
104'A
103
-1966
deb
Wks & Elec
Armour & Co
11
100
108
Stock
Ended Feb.
A Mobile Div
105'A
1949
debentures—
Co
104%
& Telegraph Co.—
debentures
conv
Amer Tobacco
~I
o
1087a
York
;
103% 103%
debentures——1961
3'As
76
New York
Week
1949
Corp conv 5%s
American Telephone
90
67
90
89'A
89%
2030
5%s
conv
94'A
87
76%
104% 103%
104%;
New
Broadway
BONDS
100%
91
64
104% 104%
—1952
4s
Foreign Pow deb 5s
Amer I G Chem
*74%
1951
Alleghany & West 1st gtd 4s
Allied Stores Corp 4'/2S debs—
j«*
■
101
99
30
89'A
88
89%
request
Telephone—DIgby 4-4933
101%
90
94
93%
61
100
100%
—
99% 100'A
-1950
-
toritten
PFLUGFELDER, BAMPT0N & RUST
Members
101
—
100 'A
1949
89%
99%
*101 »A
Albany & Susquehanna RR 3%s—1946
3%s registered
1946
Alleghany Corp—
5s
*98
*95
assented
warrants
107% 107%
1972
Albany Perfor Wrap Pap 6s
6s
104
—1967
ls^t mtge 3'As-ser A,
Alabama
.
on
102%
Coll trust 4s of 1907——
,
Capitalization Reduction Possibilities
74'A
109
—
Mackay Corp—
w
w
125
Apr 11969
112
125
131
109%
111
109%
113%
Commonwealth Edison Co—
1st
mtge 3'As series I—
Conv debs 3'As
:
1097a 1097a
1968
1958
111%
111 'A 111'A
;
V; Monday, February 28, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
NEW YORK BOND RECORD
Last
Interest
L 1st 8z ref 4%s—
1951
f 33/4S A
1961
Consolidated Cigar 3 Vis s. f. debs_1953
';F-Av:'.
Conn River Power s
debentures
debentures—
3 V2S
=
3 l/2S
York—
;
:
.
Co—
Consumers Power
1st
mtge
1st mtge
Inspiration Cons, Copper
105%
Interlace Iron conv deb 4s
1947
t A Inter-Great: Nor 1st 6s series A-1952
56
45%
56
56'A
54%
56'A
45%
54'A
55
46%
A 1st
U-N
111
111
lli Vi
111/
108
108'/a
108
109
109
A-O
103
103
~
108%
108 Vi
109 %
103
Vi
103
:
55%
47'/a
38%
66
53%
41
62%
62%
James Frankl & Clear 1st 4s
—1959
46
48
39
48
Jones Si Laughlin-
Steel 3'As
.—.1961
'
Debentures 5s_
{Alowa Cent Ry 1st 81 ref
A-O
IS;—
100% 100%
V
40
100
87
Ref &
105%: 105%
*1051/4 105%
—
Kansas City
88
79%'
258
87
deposit—
52%
55
53%
45
46
55%
55%
7%
F-A
F-A
7'/a
7%
100
5
5%
6V2
464
4 V8
6%
47'/4
49 Vi
109
49
M-S
A-O
*111
M-S
*45%
J-D
,
M-S
102%
5s
5s——
98%
4
102%
107 %
108%
24%
33%
W-
'V ./ *31%-
I'fV
109
109
2
V
34
110
108%
33
109%
106
106%
110
111
*
148%
148'A
91%
<
--
Ltd-^
Gas & Elee
Gen
Steel
of Berg Co cons
Castings 5Vis—
AGa
Ala Ry 5s
&
{AGeoigia
91%
90
J-J
101%
J-J
J-J
102%
Lehigh & N Y 1st gtd
93%
90
74'/a
73%
M-N
80
M-S
90%
101%
64 Va
75
102
J-D
'75
;/
»
106
General
.
4s series G
mtge
46
.
46%
*33%
Leh Val-Harbor, Term
mtge 4s series
Gen
mtge 3%s
Houston
Oil 4'As
Hudson
Coal
Hudson
Co
1999
Ry cons gold 5s
1st
Gas
debs
s
series
A
gold 5s
Hudson & Manhattan
1st 5s
AAdJ income 5s
1962
1957
—Feb 1957
h!K SS'rr2!*8 ser,es A—1981
1st
I
gold
gold 3s sterling..
Purchased
collateral
lines
3 Vis
102%
"2
1952
30%. .32
63
5s
t
;v /.
I '101%
103
22%
t
v
105%
2
107%'
101%
4
102
111%
110%
15
•
113%
111%
17 /
112% 113%
109%
109% 109%
26
105%
102% 102%
11
100
104%
'
109%
102%
.
101'/a 102'/a
58
98%
103'/a 103 %
86
102%
102%
20
102%
103%:
95%
40
*60%'
>|v;
—
91
;
-
•'
95 %
:
13%.
15%
14
13%
17
95
94%
95
20
89 V'4
77%
74
77%
40
66
104
105'/a
110
111%
-
;
104%
*110
132
—
130%
—
;
/_
130% 130%
92%
92%
130%
130%
85%
1
/
92 %
://:v^9/;.
105%
/I l//
105% 105
56
61%
31%
67%
480
116% 116%
65%
;//- 5
116%
291
55%
62%
62
59
29%
..
27 Vi
•'
423
32
102
100
*100 i;
*96%
105%
65
''
Western Lines 1st gold
footnotes
see
page
""
'•
:
10
106% •107%
35
103%
104'/4
...4
*3%
'!
k.i/
100%
98%
99'/2
99%
'■
•
99
99%
99%
99%
22
98%
95%
94%
95%
20
93%
95%
89 Va
91%
91%
*90%
—
60%
60%
99
99
99%
99%
*86%
-74%
.74:
*
F-A
*71-
72%
68
73
8
; 65
64%
•>/"
68
100
56
68.
64%
79
M-N
46%
46%
46%
M-N"
A-O
53%
50%
54
./■ •
.
1965
—1955
1944
J-J
A-O
1951
1962
F-A
M-N
—1950
1949
4s———1949
M-S
A-O
3%s ext to
MS
M-S
F-A A-O
V " J-J /
M-S
M-S
A-O
A-O
A-O
A-O
J-J
J-J
FnA
M-S
2003 "
2003
*
,'
M-S
J-J
M-N
*-w
•
-
"
34
43%
37
47%-
1
"131/
123%: 123%
■
^^1
t
•
103 ft. 104 aV
121% 122%;
5
'
1/:
105
105
105
■
;v$i *103%
107
106
3
W* O oc
75
64%
79
75
105
'.••''•vww''
46'A
42% -54
35 Va
103% 103 Si
121% 121%
!;K' WW
44%
5
1
*
„
-
287
#'
..
106% 106%
W—
121%
73
33
883
44%
*124% 125%
''
A-O
94"
79
73
75
■
,
70%
70
••
•..—
43%
4s series A
71
65'A .74%
7
■
89%
71
/-..-,■,
*73
■
95%
86
84%
.
'
47%
gtd
95 V8
"2
87%
87%
87%
,-i
100 %•, 101%
2
"
-
—
100
86
95%
95%
95%
11
101%
101
101%
100
97
2
67
97'/8
14
99%
>
'
60%
10
44%
1st 50-yr 5s
gen
99%
99 %
*100
F-A
A—1945
1960
4s sink fund—Feb 1 1957
__
;V'-£.w:
103'%
103%
v
21
104
105
105
104%:
104% 104 %
104%
104% 105
6
104
120% 120%
5
120%
120%
102
103'/si
120%
,,
102% 102%
13
98%
44
97%
98%
WHS *109%'
V;
/_
109%
V
7
-V' '/
109%
102 »/a
'■ /
•
99
93 %
'■
107% 107%
102»%
108
106
105% 106
:;./ 55
107
102%
101% 102%
46
104
98%
163
99%
103% 103%
14
94 %
98%
107%
22
103%
104%
106%
107%
103
104%
98
98 %
103%
107
v/-.-
*103% 104 %
*97
98
104
104
106
102%
97%
94%
104
103'%
112
*111%
104
101%
103%
103
103%
112
—
Sugar
RR & Lt s f 5s
Lines) 4s
:
62 V2
86
76
Jack Lans & Sag
76%
30
58
73%
73
74%,
16
60 '/a
75%
67%
80%
-.•/
'•»-«'
*97
v 100 %
48 %
79'/4
I-."—'-........
*80'/a
97
81
78%
70
,
78%
1
72
81
70
70
3
59%
70
67%
.
73
70
70
70
7
73'
71%
73
32
__
*92 %
87'/2
8
78%
_•
87%
3%8——1951
1952
1979
,
§ A 1st cons 4s stamped:.--
*
25-year 5%s_>—:
Alst & ref 5'/as.series B.
A
73
*101% 101%
- -
*91%
103
;
J-J
83 %
25
69
*65
11%
*4%
103
83'A
104%
105%
55
100
'
69%
12
5%
101
75%
24
:
5
—.••:/
82%
59
-w«rir
85
69
97
4
69
84
;
/'•73'
21
*81%
Q-F
100
2
103
*98
M-S
,
>/V
18%
95
68 >/2
J-J
1P41
93
18%
—
105 V* 105%
M-S
/
111'A
93
19%
82%
''
,105%
110
96
*93%
97
105
'
-
:
97
10
4
110% 111
1103/4
101%
.
105% 105 %
J-D
1947
—1938
98
*97
101
101%
—
82
101
:
101% 102
,
M-S
M-N
J-J
M-S
A-O
J-D
1938
; ; J-J
int._1938 V'
J-J
1946
J-J
1949
M-S
,„_«_1978
J-J
5s—,——
§ A lst stamped 5s gtd as to
Alst .81 ref 6s series A_____
-
1939
A.SConsol ext 4V2S——
iAlst, consol
■'
;
'
•
75
*32%
F-A
impt 4'/2s series C_
{Minneapolis & St Louis RR—
.
Alst. & ref gold. 4s
1949
* ARef & ext 50-yr 5s series A
1962
IMinn'St Paul & Sault Ste Marie
70
65
;
62
55
68%
*80
J-J
Q-A
A-O ;
M-S
A-O
V
1938
{ AMilw Spar & N W 1st gtd 4s
ISAMilw & State Line 1st-3%s
64%
97
3 %s——
96',2
52
:
•
1963
{§AMidland of N J 1st ext 5s_——1940
{§ AMilw & Northern 1st ext 4'/2S„3939
74
221
&
90%
74%
'72
A-O
A-O
Michigan ConsoL Gas 4s_.
77
60%
74
gold
Ref
65
76%
,
-
14
22
*54%
M-N
;
(Chic) 4s
Michigan Central-*-'
97
70
60 %
M-N
M-S
/.
:
ext'5s———1945
McCrory Stores deb 3%
—. 1955
Metrop Ed 1st 4V2S series D
1968
Metrop Wat Sew & Drain 5%s
1950
1st
74 V2
1953
1959
96 %
62
.95%
3-D
J-D
.
(Stamped mod)
•'
-.■74%
87%
800.
109
/•/••.•
—
107
103% 104%
107
104%
F-A
•»». -
mtge 4%s series A.
Stamped
100
74
Louisville Div & Term
For
107%
109
—
*110%
.
E
2003
series A ext
1950
Unif mtge 4s series B ext_
-I960
Paducah & Mem Div 4s—
1946
St Louis Div 2d gold 3s
.1980
Mob & Montg 1st gold 4'/2 s
1945
South Ry joint monon 4s
1952
Atl Knox 81 Cine Div 4s
—1955
:
32
75 V4
3si:::::~i95x
Gol°dU3'AsV & Term 80ld 3S::::JS
1st goTd~3lqs!
*107%
—-
174
Market Street Railway—
62
65
1//
65
65
83
Springfield Div
J-J
t§AManitowoc Green Bay & Northwestern 1st gtcL^Vfes,—
;
1941
Marion Steam Shovel ,s f 6s——1947
67%
96%
'
*96%
385
gold 3Vis_l953
gold 3s
1951
92
174
107%
42%
&
Manati
117%
WW
64 %
1st
90%
./"'•J'... 'Ww.'/
*.94.
■
107
A-O
US
stamped—.————
Gen
101% 102%:
12
101% 102
80%
Div
96
*168
J-J
Maine Central RR 4s series
*97
104
61%
Omaha
57
91%
77%'
79'/4
19™
56
—•
•
95
>L_;/:/.
■
97
Dec
.
1st & ref 3%s series
103%
102% 103 Va
__
!;v
'.
J-D
J-D
Unif mtge 3%s
::■=
102'/8
103%:
94%
A-O
'
J
"
94%
,
F-A
F-A
.
ref;4'/2S series C
1st & ref 4s series D——2003
1st
.
113%
102
109%
*97
41%
Louisville & Nashville RR—
1st & ref 5s series B
—
—
110% 110 %
•
3
57
*96
.
108
A.
57
M-S
M-S
M-S
1949
Lorillard (P) Co.deb 5s—
.1951
3s debentures ————1963
Louisiana & Ark 1st 5s series A_—1969
Louisville Gas & Elec 3V2S
!
1966
Lou & Jeff Bridge Co gtd 4s—,——1945
65%
life:
101% 101%
__
*99
'
Miami
Long Dock Co
32
48
34
64 Va
I 105% 106
106
.
•*114%
—-
81%
25
108'A
108
43%
debenture
Little
98%
230
.
108%
47%
Libby McNeil & Libby 4s
Liggett & Myers Tobacco 7s
13%
29
102% 102%
64
gow
83
44%
14
4s
79 %
ist
77
72%
M-N
Lex & Eastern
97%
40-year 4%s
Div
69'A
5s stamped
100
-11%
refunding 5s
Litchfield
71%
4V2S registered—
120
75%
1953
Cairo Bridge gold 4s
1
76
*
48%
10
98%
31
64
76
11%
12%
64
—
79
Long Island unified 4s
Guaranteed ref gold
:
*98%
mi:.'-ii'v.'.
J-J
47%
"
95
1952
trust gold 4s
■\mm
106
.
4s- registered——J——-—--—2003
/A'As stamped: modified--—--—2003
ill
195}
19=1
Co lateral trust gold 4s—
Refunding 4e___
^v-
J-J
1—2003
modified--^—i-/—-1^2003
Lehigh Valley Terminal Ry ext '5s_1951
13%
98
1QM
....
3Vis_—_-.~™
Extended 1st gold 3'/2S—IIH
1st
9
ext—--—1950
t§ AMet W Side El
1st gold 4s
78
98%
F-A
42%
55
.
*103%
1949
A
77%
98%
:■'( i:. ""■;/
83
'
•
1937
1954
f 5s
1st
75%
76%
.
gtd 5s—-—1954
AManila RR (Southern
{§AHousatonic
9
77
.
I,'.,;
A Manila Elec
Hocking Valley Ry 1st 4 Vis
70
4%
82%
modified———2003
stamped
4s
102%
98%
6
50
12%
'12%
...
H
series 1
AGreen Bay & West deb ctfs A
:
ADebentures ctfs B—'
—
Gult Mobile & Ohio 4s series B
1975
AGen mtge inc 5s series A
2015
Gulf & Ship Island RR—
1st & ref Term M 5s stpd
1952
Gulf States Steel s f 4Vis_
—1961
Gulf States Util 3%s series D—
1969
Gen
57
4%
stamped-—v———-1974
.
42
99%
*12%
1934
General 4 Vis series E
'5s
'
103%
117
126%
46%
1982
1973
1976
1977
1946
1946
1967
;W*' '
82%
76%
stamped—1964/;
& ref sink fund 5s
1974
1st
106%
102
102%
99
99
5s—^-1949
1949
Oct 1 1945
General 4Vis series D
,•V'
79
80%
5s
*102% 103%
M-S
1st 4'As.
1956
deb 5s w w
1946
Grays Point Term 1st gtd 5s
1947
Great Northern 4'As series A——1961
General 5 Vis series B
_1952
105
77%
81%
J-J
J-J
stamped--——
——1954
fund 5s—.——1964
5s
104%
103%
*122
Gotham Hosiery
100
77%
83
,
Lehigh Valley Coal Co—
"vlst feVref slnlt'fund 5s——'—1954 •
93 Vi
,
gold 4s
Lehigh Valley N Y 4 %s
Lehigh Valley RR—
M-N
1956
1956
General 5s series C
*99
63%
108'%
16
76%
1st 8i ref sink
*101
M-N
,/
99% ,101%
107
*106
F)
(B
Goodrich
107 % 108
105 Va
106%
104% 104%
v*102
55%
104
91%
—1965
1945 '
I.ehigh & New Eug RR 4s A
106
82%
103% 103%
103%
1975
106
100% 101%.
—
& Nor 1st ext 6s
Caro
104 %
,
102'A
:
90
A-O
.—1974
debs
coll trust 6s
57%
81%
Lehigh Coal & Nar s f 4'As A^—^^.1954
Cons sink fund 4%s series C
1954
„
*106%
A-O
.
147 Vi
102% 102%
M-S
1961
1958
5s___1943
1959
Machinery Corp 3s
Francisco Sugar
43%
253
SV/B
3Mas
income reg
Alst-mtge
*106'A 107%
,
Food
30
61
83%
.
.3
IFonda Johns & Glover RR—•
§A2-4s (Proof of claim)—
ACertificates of deposit——.
55%
59 %
108
a-0
J-J
5s—1949 .
1953,
Coll & ref 5V2S series D-..—
—1960
Lake Sh & Mich Sou gold 3%s——1997
3%s registered1997
*110%
J-D■
:
ref. 5 %s series. C——
Coll &
/
J-J
Railroad Co—
1st cons M 4s series B
1995
AGen mtge inc 4Vis series A
2015
N Y & Erie RR extl 1st 4s__
1947
Ohio Div, 1st mtge 3Vis———1971
Tire & Rub 3s deb
Flintkote Co 3s debs
{AFlorida Cent & Peninsular
{Flonua East Coast 1st 4 Vis
A 1st & ref 5s series A
7
.ACertificates of deposit
55%
53'/4
".'-v
82%
Laclede Gas Light extd
M-N
Erie
Firestone
43%
83 >/2
J-J
J-J
1961
Kresge Foundation 3% notes——1950
JAKreuger & Toll 5s ctfs
1959
A-O
1962
Fuel 3Vis——
94
100%
102%
108% 108%
J-J
—1965
stamped
Empire Gas &
55%
30
25
102% 102%
108%
J-J
—1965
1970
—1963
52%
J-J
^—1961
——1961
1997
unguaranteed—
.
Koppers Co 1st mtge
45
28
1
28
A-O
;
106%
41
1
100% 100%
100%
M-N
gold 5s—1937
Ry 3'As
•24%
A-O
J-J
J-J
Kings Co Lighting 1st 5s——1954
1st & ref 6%s^^---------~------l954
111
104%
22
461/2
28
J-D
49 %
111
110%
'•iiw"-./':'
—
105% 105%
v'V\:'v
J-D
4%s
103 %
109%
2
5s_.
Kings County El L & P 6s
„
110% 110%
110%
W 40%
102%
*105'/a
....
,
impt
Plain
8
'/a
6
'
A-O
Nor Div 1st 4s
1948
& Ga Div 1st 5s
1950
1st cons gold 5s_:—1995
2%s debs
—1950
Elgin Joliet & East
El Paso & S W 1st
16%
'
3s—1950
__—Apr 1950 *
1st 4s——-I960.
Lautaro Nitrate Co
Minn
East Tenn Va
Ed El 111 (NY)
Elec AutO-Lite
398
A-O
Kentucky Central gold 4s
1987
Kentucky & Ind Term.4%s———1961
/; Stamped—————1961
55
52
55
'
gold 4s
1995
& Tunnel 4%s_—.—1961
Dow Chemical deb 2Vis—.
1950
Dul Miss & Iron Range Ry 3 Vis—1962
Ry
23%
54%
f:
A-O
;
Southern Ry 1st
Kansas City Term
218
55
J-J
ASecond
East
22%
60%
J-J
4s————1936
of
ACertificates
—
85%
J-J
Detroit Term
Vis
*103
A-O
Val 1st gtd 4Vis—-1947
Detroit Edison 4s series F
1965
Gen & ret mtge 3 Vis series G—1966
Gen & ref 3s series H
1970
Detroit & Mackinac 1st lien gold 4s 1995
{§ ADul Sou Shore & Atl
Duquesne Light 1st M 3
58%
22'/a
J-D-
•
gtd gold 4s—1990
Fort. Scott & Mem Ry—
§ARefunding gtd
107
105%
■
—1978
impt 5s series B
58
47%
101'/4
15
106% 107
107
M-N
—1
Assented
A Ref &
102%
101
170
M-S
4s.—1951
Kanawha 8t Mich 1st
J-D
fADes Plains
102%
,
58%
•
{955
1017/a
W
55%
1
46%
1
;
{Kansas City
J-J
1970
•
106%
J
12
46%
44%
■
Union Ry 3 Vis series B—1965
Delaware & Hudson 4s extended.—1963
Delaware Power & Light 3s
1973
{Denver & Rio Grande RR—
§Aist consol 4a
1936
gAConsol gold 4'As-,
1936
{Denver & Rio Grande Western RR—
'
1
104%
1
*59 '/a
J-D
Dayton
V'ww;
52
62%
'•
60
44
19
*102% 102%
F-A
66
52
62'/a
,
47%'
50'/a
J-D
46
66
J -I
55%
46
47'/2
98%
100%
59 Vs
*102%
-
'
w
'
F-A
:_1955
95'/2
68%
98%
104% J 04%
■
J-J
4%s-—1952
52%
7
*108% 110
r%
72%
57%
173
99%
58%
,'i
M-N
.
——-1947
Int Telep fr Teleg'deb gold
98%
1972
99%
v;--Mv-ww':
M-S
_1955
5s B
65
High
Low
.
274
71%
66%:
69%
65%
J-J
A-O
J-J
1947
£8%
•98%
J-D
to—-1946
General s f 5s
—.1956
1
Int Rys Cent Amer 1st
1st lien & ref 6%s
D
i
series- B
55%
3-D
receipts—.——•—
A6s series B extended to
1946
ADeposit receipts—
—
Curtis Publishing Co 3s deb
—1953
A
A___July 1952
Internat .Paper/ 5s. series A & B
Ref sink fund 6s series A
112
U-N
M-N
1942
L 1st mtge 3s
5s
,
lst gold 5s series C
——1956
Internal Hydro El deb' 6s——_—1944
108%
109%
110 Vi¬
*110
ADeposit
Dayton P St
4s——1952
AAdjustment 6s series
r
55
108
108% 108%
M-N
1952
ADeposit receipts
A7%s series A extended
108%
M-N
1966
1st mtge 3Vis—-:-.1969
Crane Co 2Vis s f debs
1950
Crucible Steel 3Vis s f debs
1955
5V»s
107'A
107'/i
54 Vi
High
70%
J-D
j.d
J-J
J-J
M-S
A-O
A-O "
A-O
J-J
A-O
J-J
-
A
3Vis
SACuba Northern Ry 1st
ADeposit receipts
ACuba RR 1st 5s gold
105%
J-J
SVaS--—————1970
mtge
1963
;
103%
106'/a 106%
/
105 Vi
J-J
1963
1967
1st
;
mtge 3%s
series A
1st & ref 4%s series
102%.
104'A
Vi 104%
J-J
•
1st
1st ref, 5s
107'/a 107'/a
101
101'A
104
J-D
J-J
deb 4$.—1954
i A Debenture 4s
—-—1955
;ADebenture4s.--.——----195Q
v
103% 104
101
104%
A-O
|AConsol Ry non-conv
Joint
103%;
107%
101
A-O
1951
3%s
Consolidated Oil conv deb
111
102
103
*102
—
A-O
1948
1948
1956
-1958
_.
110
C——1963
Ind III & Iowa 1st gold 4s——1950
{AInd.& Louisville 1st gtd 4s—*—1956
Indianapolis Union Ry 3%s.ser B.1986
Inland Steel 1st mtge 3s series F—1961
•
Range since
January 1
NO.
111 Cent and Chic St L & N O—
104
J-J
Week's Range
or Friday's.-•■ /':'Bonds
Sold
-
Sale Price Bid & Asked
Low
—'
HO'/a 110'A
—:
-
High
Low
No.
High
*113'A
—
" Interest
Period
Exchange'
Week Ended Feb. 25
January 1
Sold
Bid & Asked
New.York Stock
Range since
Bonds
Friday's
r'\:ltow
J-J
Conn Ry &
or
Sale Price
Period
\
Consolidated Edison of New
3Vis debentures
3'As debentures
Week's Range
Friday
■
Stock Exchange
Week Ended Feb. 25
Friday
.;Last
BONDS
•
BONDS
New York
69%
77%
77%
12
7%
3%
•
5%
36
34%'"36'/a
L49
29'A
37%
35%
37 %
35
30%
34%.
35%
20
29
35%
7%
24
5
4%
14
23a
4%
3
73%
76'/2
7%
4'/a
75
6%
4'/a
75
75
'A
36 Va
37%
35 7e
7(2
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4259
159
NEW YORK BOND RECORD
y
Week Ended Feb, 35
Week's Range
Friday
BONDS
New York Stork Exchange A;
|
Last
Interest
i
Period
"
'
or
Mo Kansas & Texas
1st 5s
,_1959
1st 4s
J-J
1990 '
NO.
Low
Prior
lien
4 Vis
series
A 1st & ref 5s series
ACertificates of
AGeneral 4s___
1962
.
D
100
Northern
100 "
65%
241
56%
72
72%
60%
J-J
72%
123
Jan 1967
46%
65%
-
43'A
F-A
deposit-
66"
68%.
68%
M-3
ii%
27%
68%
65%
ACertificates
AConv
of
-
deposit—.,1
gold 5%s
.i
1949
_
ACertificates
66%
30
1st mtge 3%s
Oklahoma Gas &
56%
68%
Ontario
debentures
Montreal
F-A
1966
I960
5s
4%s series B
T 3%s——1968
&
Mutual Fuel Gas 1st
Distillers
Nat
Prod
105
106'A
106%
107%
108%
109%.
Ore Short Llns 1st
105%
1946
J-J
108 »/4
gold 5s
3'As sinking fund debentures
National
Steel
1st
-(.•
.
60
67%
104'A
109%
Pacific Coast Co
105 7/a
Newark
Consol Gas
110% 110%
*113% 114'A
111
113% 114 'A
.
105%
106%
94%
94%
95'A
100%
*100% 101'A
58'A
58'A
59'/a
54%
55'A
59
%
•
JANew
Ref
New England Tel
1st
O & N E 1st ref &
Orl
New
V 1st
Pud
ref
&
Ser
5s
Paramount
110 '/a
1st
5s
1st
108% 108%
108
108%
109% 110
109%
110%
105% 105
103%
105
deb
ACertificates
of
series B—
5s
90
90%
110%
110%
111%
2
110
110%
6
104"%
105%
5
104%
105%
108
109
J-D
J-D
1966
A-0
J-D
1955
i
122% 123
:
j/.'
108
98 %
A-0
ACertificates. of
ACertificates
■
Alst
of
ACertificates
98%
:
89%
J-D
1952
M-N
!%"""■ '■■■.•
_95 ••'
■
■'
U J'•;
&
^
'
169.
80%
'
AIncome
•
'"
:
99% 100%
90%
107
::
18
107%
80
100%
107%
81
>
4s series B
109
83%
79%
General
5s series
gold
.93%
&
3s
75'A
deb
4s__~
M-N
3%s—
63
V
V '
-•'•
66%
ANon-conv
deb
3'/2s
ANon-conv
deb
4s
ANon-conv
deb
4s
M-9
107'A
81%
"2
!
80%
18
85%
103
71
.,•: 6 •".-
••'
54%
57'A
43
55'A
56'A
36
46
,
1927
4s_
AGeneral
4s
56 'A
46
46%
cons
gtd 4s
Steel
N Y Rys
prior lien 6s stamp.
Corp 1st 3%s—
60'A
62%
90%
89%
91
505
:
58
29
29
30
! " 574
60%
59%
61
434
82
8 A General
•
gold
A Terminal
J-D
1st
r—1937
1937
gold 5s.
1943
;
M-N
-
<Mdi
Norfolk Southern
mtge
A Gen
Ry Co—
4'/aS
.
ANorfolk
1955
Jf-N
»
...
.
31
14
73
14'
87%
:
29%
;
XV!".
V-
'-V
!
-1974
129%
116
46'A
;
107%
102%
103%
102%
103%
101%
103%
58
A-O
Young & Ash 1st 4s ser A—1948
J-D
*107%
F-A
*121%
J-D
1964
J-J
gen
5s series B
51/2
Co
deb
inc
,
101%
-
;
1977
F-A
*111
:
J-J
101
1951
M-N
26%
M-3
1957
—1956
1968
a
*98%
J-J
*109%
68'A
>90%
99 %
2.
103
105'A
105%
109 »A
100%
__
102%
'V,*'
28
17
29
,V
—
_
M-N
*104'A 107'A
"147'A
*221%
1968
A-0
Reading Co Jersey Cent coll 4s
1951
'
110
110
106%
.
107
147%
7,'
—
287/B
j''-,1'
j.'-*.''
—
J-J
mtge 5s
89
49
102'A
J-D
ref mtge 3s
ref
68%
107%
109
1972
———r2037
2037
&
107%
69
--
mtge 8s
Public Service of Nor 111 3'As
&
1st
59'A
;
__
90%
*109
fAProvidence Terminal 4s
43
101% 102'A
105% 105'A
J-J
tAProvidence Securities 4s
A.
147%
'
"
'
110 'A 110%
A-O
99%
& ref 4'As series A
1997
j-j
98
Gen & ref 4'As series B
1997
j-j
deb 3'As
;_1958
Republic Steel Corp 4'As series B—1961
j-j
105
Gen
5 130
125
116'.
Rand
Remington
Gen mtge
ARio
116
'
...
1st
■t-
Gen
&
4'As
mtge
97
4
110'A
105
98%
111%
F-A
104%
104'A 104%
M-N
104%
A 104% 104%
M-N
102 Va
102 '/a 102%
j-j
93
A-0
56%
1949
Elec
Corp—
series D
,
97
94
100
99%
6
94'A
99
15
!
106
1939
gold 4s
4
57
99%
97%
1960
Alst cons & coll trust 4s A
Gas
99'A
AA: 97%.
1958
4'As series C
Grande West
Rochester
104'A
106
106
16
104'A
25
1
104%
106%
11
101'A
102%
92%
93
120
81
93
55%
■
57%
187
44%
57%
111%
111%
109%
109%
:
.
—1977
M-S
*125%
mtge 3%s series H
———1967
M-S
*111%
Gen- mtge 3'As series I
—1967
M-S
«•—1969
M-S
Gen
46'/s
129
120%
89
M-S
J-J
mortgage 3'As
1st
l '";
•".
;
——.—.—1950
1st M 3'As—1966
Pressed Steel Car deb 5s
5
'
J-D
1st 4'As——1960
Revere Cooper & Brass 3'As
47%
125
.
118%
106%
*103% 103%
39
109%
37%'
.In
125.r 125
>118
116%; 118%
67%
82'A ! 86
•
46 %
129'A 130. s
M-3
M-3
.
85%
46 '/b
2
58%
108%, 109%
46% -47% '
■■
20
106% 107'A
40
>
46%
O-A
87%
..30
1;102%" .104'A
84%
.;•> j.'
122%
68%
109%
108'A
:
102% 102%'
85%
-
20'A
11 •-'. '14
'
109%
v'
\
109'A 109%
F-A
117% 118'A
67%
67%
Potomac El Pwr
.
•.'
123
69
48%
>18%
;
506
V
*109% 109 %
'!tS. tk
123
103
'
.'•
"•
110%
•87
'
28 V!
'
122'A
123
V
,
68
18%
87%
*109
28%
{
108
'
!!!;■..•
113
At.*.
65'A
34
-
A-0
•
5%
107%' 108%
•
'-17
.i" J-J-
^1974
4
107
.
40;
.
.
—2014
Ry 1st gold 4SL1996
Central gen & ref 5s
Gen & ref 4%s. series A___
48%
20%
-1998
;
Southern RR 5s> A—^_1961:k
North
K
112%
113
103
1st & ref
14%
110
'.■■#!.• 2
£&&&£<
107
20
A-O
-
series,A-~
Norfolk A Western
48
J-J
deb &%s___„1950A-^i
mtge 5s conv.inc—.
48
J-J
M-S
M-3
1st mtge
Public Service El & Gas 3'As
52
83
:
—
107:
F-A
-
•'62l'i:':| ';'••"
107% 107%
F-A
v.v
1940
Niag Lock & Ont Pow ,1st 5s A-
..Mst
65%
*110'A
••••iwO'O":-:.-
104
112%
•'••
A-O
105
9%-
2,206
c
5%
64 'A
65
J-J
v
27
14%
4%
J-J
J-JK.
Niagara Falls Power 3.%s—--_1966
Share
5'A
M-N
N Y Telephone 3%s series B
1967
,t§ AN Y West & Bost lst. 4%s_-__1946: ,:
Niagara
13
"
A-0
5s—-
61
102%
•'
104% 104%
14
104
•'■:•■'
117% 117%
.
106%
104
Hi'.
••■
—
123
J-J
1952
4%s A
conv
8%
103 %
1
—
1959
1960
1st
1958
J5AN Y Susq St W 1st ref 5s
5 A 2d gold 4%s
30%
48%
104%
104
*104
J-D
1977
:
1st 5s extended to
91'A
16%
:
J-D
Af-N
104
F-A
"
19631 ,:.
N Y Steam
M-N
1945
1949
1962
1st gen 5s series C
1974
1st 4%s series D—.———1977
62'A
1965
N Y Queens El Lt & Pow 3%s
& Iron
10
6%
"
—.—1963
4'As series C
104%
7%
8%
J-D
56%
50%
1993
cons
Coke
Pitts
57%
45'A
62%
'
1st
J
25%
104%
10
8'A
59
17%
*122 % 123%
r'jrtiand Gen Elec
54%
M-3
38%
104% 104%
9
124
;
F-A
Pittston
56%
1955
N Y & Putnam
M-S
j-j
59
25%
__
J-D
57%
AT-N
1954
23%
*105
—
mtge 4'As series B
1st mtge 4%s Beries
56'A
1992
—
tAN Y Ont & West ref gold 4s
25
103%
57%
1967
103
*113'A 115
55%
45%
IA Harlem River & Port Chester—
1st
' :;•
45'A
M-N
Alst & ref 4%s series of
1963
deposit
102'A
54%
M-N
1937
1st s f 4s
58'a
M-3
1962
1st
85%
46%
1957
4s—
j-j
1973
108%
102'A 102'A
102%
111
103
80%
77
•
113
ADebenture
j-d
1949
—
4%s
92'A
110%
J-D
104%
111:::
;
132
4'As
1950
l"1* 1st mtge 4'As series B——.—1950
"
J-J j
M-a
F-A
Pitts
57%
A-O
107
*112%
111
.104,, 105%
13
57
J-J
105
106%
*113
110 >
55%
1956
90
8
98%
123%
M-N
115%
56'A
1948
82
106% 107'A
110% 111 .-
J-D
114%
57%
1940
87%
74
*113% 123%
107'A
guaranteed gold——1953
.—1957
Series H cons guaranteed 4s
1960
Pitts
A-O
§ A Collateral trust 6s—
J-J
j-j
4s guaranteed.
cons
36%
107
20
132
F-A
A-0
J-J
ADebenture certificates 3%s
AConv deb 6s
'
131
•
1967
4s guaranteed
F
73'A
23'A
107
95%
105%
Gen mtge 5s series A————1970
Gen mtge 5s series B
1975
54%
54%
—-1950
105
108'A
1954
V
105%
109%
1955
—
J-D
1977
debentures
.Series G
101'A
112'A
73
.
Series I
-
107%
112
131
90
19ei
C
ref 3'As
deb 6s
of
107%
55%
1
4s
Seri)s
91%
—
103%
85%
AT-S
199
107
92'A
1971
series
2%s——
mtge
V107
L— '-'r'V.'
89
,.106%
•.
80%
M-N
-
&
';?•
91%
guaranteed 4'As—1964
;
181
89 3A
100%
%
73'A
36%
32
34%
:
101
gold 4s—
Series E 3'As gtd gold
101%
100
68%
92
Pittsburgh Cine Chi & St Louis—
102%
7
Pitts & W Va 1st 4 'As series A„__1958
105
103
1
M-N
.
-•
:
72%
!
*110% 111 %
M-a
108%
''*■
*103 'A
J-J • vM-N
1947
99%
;%
Apr
Series
•
115%
105
J-J
1947
deb
ref
1st
ACertificates
IN Y New Haven &• Hartford RR—
ANon-conv
60
J-J
•
fi-————1974
4%s
f§APhilippine Ry
70 »A
69
l*t
ANon-conv
105%
1952
Philip Morris Ltd deb 3s
85
!•
Electric
AConv
89%
78'A'
.
*110% 110%'
:
1st
^Philadelphia & Reading Coal—
a ref 5s stamped
~74%
105
-
16
109%
F-A
1973
106
25
1980
1956
Phila Bait & Wash
87
2
Purchase money gold 4s—.:———1949
N Y & Harlem gold 3 % s—
2000
4%s series
39
106% 107'A
,
97%
1st
101%
48
100% 100%
107% 107%
A-O
Lack St West 4s series A—1973
97
91%
72%
69
95%
!;A
208
*115
Y
61
92
Series D
25 '
81
A-O.
,
-
gold 4'As series C
Phelps Dodge conv 3'As deb
69%
75
91
107
•
A-O
.
100 /. ! 100%
J-J
1st
62%
.21..
102% 102%
J-D
N
100%
.
A-O
Apr 1990
•
F-A
-2043
u^_2043
117%
1956
Gen
—
4s
Marquette 1st series A 5s
77%
65-
A-0
—1965
115'A
F-A'.:'
■
37.
A-O
-
24
1974
076%
.
:
:
63
6
■
A-0
•
117%
Pere
,78%
..
83'A
78%
,
'..-■•'A-A2j
M-S
.
111%
117
Peoria & Pekin Union Ry 5%s
75'A
•
124
117%
!••
M-S
•
100%
121
,
109
100% 100%
1960
109
,,
98%
44
100'A
SVis
109
108
110'A 110%
/
A-O
deb
108
2
1952
87
■
,
25
F-A
ref 3 Vis- series E„*___1966
Mtge 4s series A,
Mtge 4s series B
110%
124
106% 107%
73%
;
.
^
420 ;
.
>;
1948
■
v
•"124
/'
106%
Philadelphia Co coll tr 4'As
J-J
1974
gold 5s
J-D
109%
108%
•
101
N Y & Erie—See Erie RR
N Y Gas El Lt H & PoW
1968
Peoria & Eastern 4s ext———
69
:
57
M-N
Conv 5% .notes—-—-J947
lien
B
series
General
3%s extended to—
:_1947
N Y Connecting RR 3%s A——1965
N Y Dock 1st gold 4s
1951
1st
J-D
-
65'A
73%
24:.
A-O
1st mtge
N Y Edison 3Vis series
1965
series A
74
—.—1978
;
,124
1947
72
.
C__-
F-A
Peoples Gas L & G ref 5s
;
'12'
3i:
registered—:
—
.:_1997 • ! J-J7:
Lake Shore coll gold 3'/2s
1998F-A
3%s registered———1998vF-A
Mich Cent-coll gold 3%s———1998
F-A
series
1960
106%
106%
67
'
F-A
1998
109%
108'A
11
100%
71%
104
.'
F-A
1952
109
105%
!
3
109
100
61"-
3%s
Ref 4 %s
109
109
100
69'A
62
19
A-0
1997
registered.:
109
109
J-J
A-0
3'/2s
109
sinking fund 4'As
Conv
'
'' '
12
A-O
C
1984
—2013
New York Chicago & St Louis—
Ref 5%s series A
:H 108%
M-N
series
mtge 4'As series E
1st
—
13
Gen
•
67%
3%s—
101'A
107'A
109%
""l
105
100
56%
impt 5s series C—
'!i';: V,- V- w
A-0
832
Cent & Hud River
F-A
% 109%
108% 108%
108'A 108%
108%
A-O
A-0
Y
101%
2
'105% 105%
F-A
1981
2013
Conv secured 3'As
"108
J-J
1970
Phila
Ref St
J-J
;
1969
-1974
General 4'As series D
71%
N
116'A
108
Debenture
59,.
impt 4%s series A
100
106%
—
106% 106%
,
89'A
98%
*101% 103 Ve
*108'/B
Vw-A
104%
96
,
—
A
85%
115%
M-N
5s
282 '
series
4s
:
'z-
6'
1970
4'As
F-A
RR
-
--
1948
General
1998
&
—i'-'tA
.
99%
May 11948
3%s
General
N
Central
——1968
stpd dollar
mtge
Cons
J-J
Y
%;v'
89'A
99%
*114% 116
gold 4%s
sterl
4s
Gen
.
Newport & Cincinnati Bridge Co—
General gtd 4%s
1945
Ref
104
•'
\
87%
99'A
r
F-A
_1981
D_
ser
Light 3%s
debentures—
98%
103%
98% * 99'A
—
•
•»'''
110'A
104
—
I960
series B
3%s
98%
103
104% 105
i
—
'
108%
93'A
f4:-,^
A-0
1954
deposit
107
■/
13
deposit
of
V
94'A
deposit—
5%s series A—
105
•
"
■
—1956
108%
l-'l
110
*104
'
F-A
1944
Pennsylvania RR—
: ' Consol
gold 4s——_—_—
117%
J*,
103% 103%
J-J
-
109'A
"
J-D
1956
Alst 4%s series D—
92
116
10;
.
98%
—V
O—
series
4%s
ref
Power &
4'As
92'A
84'A
"
5s
&
Penna
,122% 124'A
v
j.:'".'6':
108%
&
1st
116 v
84
uy
•:.'.
*97%
.
•
109% 109%
;
A-O
ctfs D
;
105.
*106
M-S
trust ctfs
105
^
;
1944
'
■
>
ref
1st
115
,
i
-:/ 60 \
116% 116%
J-J
^Certificates Of deposit——
A 1st
^
*109
M-N
5s„1949
cons
.■■■■•■
105% 105%
V,
J-J
1960
110'A 110%
•
Pennsylvania Ohio & Detroit RR—
100%
23
*82%
J-J
deposit———i*
——i—1954,
99
108%
>.■:•' 12
J-D
Pennsylvania Glass Sand 3%s
105
100%
-
1952
INew Orleans Texas & Mexico Ry—
8 ANon-cum inc 5s series A——1935
'•rWV,''. % '
91 %
A-0
New Orleans Term -1st gtd 4s—-—1953
A 1st
115%
F-A
1955
103'A
,103%
3
v
90%
J-D
A—1952
104%
98
2
:■•■'• 50
110% 111
Secured 4s———.1963
107%
98%
108% 109
110%
1966
6s
98%
108%
J-D
'
—1983
B—
Gtd 4s series E
90
:
102%
102% 102%
M-N
I960
f'
J-D
.
Trans
'h-
J-D
Broadway Corp—
f gold 3s loan ctfs—.1955
M s
Parmelee
105%
13
.103% 104 A
J-J
1986
series
i. 82
:
*104% 104%
J-J
1952
108%
j-j
1966
Panhandle East P L 3s B
55'A
103%
106 'A
"115
imp 4 'As
series
106
J-D
& Tel 5s A
New Orleans Great Nor 5s A
N
11
89
*100%
gtd 4%s series B—^—A—1961
107%
J-J
1970
f gold 4%s
s
43%
_!
88%
M-S
N J Junction RR gtd 'st 4s
N JTPow & Light 1st 4 %s
108'b 108'A
J-J
_1971
3'As series C„
mtge
Paducah & 111 1st
111% 111%
M-N
:
105'A
1964
series K
47'A .59%
.
109%
A-0
England RR gtd 5s_——1945
gtd 4s!
,
.1945
105
1961
Pacific Tel & Tel 3'As series B
59%
*111%
1949
A Consol
104
105% 105%
1961
1st gold 5s—1946
1st & ref M 3s
101'A
48%'
*110% 112%
J-D
1948
110%
103%
1962
1st & ref mtge 3%s series H
1st & ref mtge 3%s series 1
1st & ref mtge 3s series J
'
106'A
1965
5s
cons
108
>■
1946
A
ser
Pacific Gas & El 4s series G
i' (*'■'
.1954
3s
mtge
fANaugatuck RR 1st gold 4s
108
*103%
67'/2
14
108
20
15%
68%
66%
4%s
19'A
108'A 108%
J-D
cons
1st mtge
J-J
1946'
66'A
*103% 105%
M-S
112'A
107
gold 4s„
con
59 %
59%
F-A
3%s_——1949
111%
105%
J-D
Otis Steel
56%
*94%
1960
Dairy Prod 3'As debs
11
112
18%
M-N
Guaranteed 3%s trust
Nat
112
107
Guaranteed stpd cons 5s_
Oregon-Wash RR & Nav 4s
l
106
1978
109%
105
Pennsylvania Co—
St St L 4s series A
108%
j-j
1966
•Paterson & Passaic G & E
Nash Chatt
High
4
M-S
1945
13'A
M-N
gtd 5s—1947
Low
M-N
3%s
68%
J
;
—
1st 5s
9%
J-D
„
January 1
M>.
1965
56%
403
M-N
%
—1955
High
109'A 109%
M-9
1972
Elec
Transmission
Oregon RR & Nav
57% ,'67%
67%
J-D
M-N
A
v.:
68%
:
M-N-
.
Morris & Essex 1st gtd 3y«s—2000.
Constr M 5s series A
—1955
Range since
Sold
-1967
133
:.653A
W
ext
Bonds
I—1948
:
541
f
•'
J-D
.
1951
Morrell (John) & Co 3s debs——1958
Mountain States T
66
A-0
A-0
1966
'68'/a
657/B
•
.
'•s-
ref 3%s
&
'67%
67%
68%
F-A
-———1965
-
1st
10
:
68 %
*67
56'/a
.56%
228
13
66 %
.
Tramways
Constr M
12%
68'A
w-
■, *
.-'1'.
67%
13
A-0
deposit—• -J.
gtd gold 4s
1991
M-S
Monongahela Ry 3'As series B
Monongahela W Penn Pub Serv—
1st mtge 4%s
Power
67
,
68%.
22%
68%
66
of.
Moh'k & Malone 1st
Montana
68 %
M-N
ref gold 5s
&
67'/a .67%
—
M-N.
series H
—1980
ACertificates bf deposit—
A 1st & ref 5s series I—.—1981
6s
-
f-a
—1964
§ A 1st guaranteed 4s
Ohio Edison 1st mtge 4s
:)•
1st mtge 4s
752
•'
1967:
1st mtge 3%s_.
1,801
68 %
1978
Friday's
Bid & Asked
JOgdensburg & Lake Champlain Ry—
47%
:
•56%
117
••
29'A
M-8
A 1st
36
*67
—
A 1st & ref 5s series G
v
1st & ref mtge 3%s
56%
—1975
._
or
Sale Price
60%
::i:57 ^-:.:65v,v
•31'
148
47%
A 1st & ref 5s series F„__,_..,.__1977
ACertificates of deposit—..—.
;
53%
74
•
A—1968
Week'* Rang*
Last
Period
States Power Co—
(Minni
•
'
.
Interest
64%": 73%
60'A 60%
'•264^--?68r':-®
65
A-&
1978
A Cum adjust 5s series A
^Missouri Pacific RR Co---
-
J-J
J-J
.
;
Friday
Exchange
Low
(Wise)
Prior lien 5s series
Stock
High
Missouri-Kansas-Texas RR—
40-year 4s series B
York
Week Ended Feb, 25
64'A
65
New
January 1
104%
*100
J-D
Range since
Sold
Hiah
Low
:
.
t A Missouri-Illinois RR
BONDS
Bonds
Friday's
Bid & Asked
Sale Price
Gen mtge
3'As series J
1§AR I Ark & Louis 1st 4'As
—1934
.'~!:V.'.—■;
*109%
M-S
49%-.
49'A
50
169
39 %
50
—1949
J-J
13
12%
13
10
11'A
13%
|§ARutland RR 4%s stamped
1941
J-J
15'A
14
15%
66
12
16
1968
13
106
106%
6
106
106
tARut-Canadian 4s stpd
tNortharn Ohio Ry—, s/.'; V.Alst mtge
gold 5s (stamped can-
cellation
of
guarantee)
ACertificates
.
of
«
A-0
1945
denosit
■
.
Northern Pacific prior lien 4s„—1997
4s registered
1997
Gen lien ry & Id gold 3s
3s registered
;
Ref
Ref
&
impt 4'/2s series A—.
&
imnt
6s
series
* Q-J
Q-F
Jan 2047
2047
Q-A
^^--2047
J-J
B__—___t._2047
& impt 5s series C2047
Ref & impt 5s series D__i^-Li„_2047
J-J
For
footnotes
see
page
860.
■"*.
\
-
"J \
J
(••
xr
•
i'r
95%
91
."
91
••.;•
•:
1
!"'• 70
' V
"
60%
60'A
.
58%
61%
58%
!!
59
82
Saguenay Pwr Ltd 1st M 4'As
92%
96%
St Jos
88'A
'■
94%
91
91'A
St Lawr &
53
68
6
-•
75
114
'
91%
296
& Grand
Adir
;
'
"51
•62
58
2d
gold
Island
1st
1st gold
4s
5s
6s
106% 106%
1947
1-06
'
1996
106
106
'
1990
*66%
:
—
62%
*63
64
95'A
98'A
95
.••
66
63
7
98
81
91%
.
fSt Louis Iron Mountain & Southern—
'
73%
72%
91'A
J-J
-
-Y"-'
"!•-5'". *
'95 'A
Q-J
Ref
,
'■■■•
79'A
90%
79%
J-J
79
•
79
79%',
50
7.9% v
23
61'A
80%
:-•'
75%
91%
67%
80
67%
80
•
—
River
&
§ 1st 4s
Gull Division
stamped
1
Certificates of deposit—.
tASt L Peor & N W 1st gtd 5s
1933
97%
97%
97%
91%
91%
44
97%
1948
10
Monday, February 28, 1944
CHRONICLE
& FINANCIAL
THE COMMERCIAL
RECORD
NEW YORK BOND
BONDS
Stock Exchange
Week Ended Feb. 25
New York
>.:/
Last
Interest
:
stpd
Francisco Ry
Rocky Mt. & P 5s
li
Louis San
tSt
4s ser
lien
Prior
•1
57%
38%
31%
30%
238
38%
102
104
~9
103%
105
—
Stamped
Southern Ry 1st cons gold
Devel & gen 4s series A
Devel & gen 6s
67
•
47
M-N
60
Vandalia RR cons g 4s
40%
62
series B
Va Elec & Pwr 3%s series B
Va Iron Coal & Coke 1st gold
100
100%
100%
23
100 Va 100 %
J-J
100%
52%
55%
103 %
105%
Virginia Pub Serv 1st mtge
Va & Southwest 1st gtd 5s
1st cons 5s
—
103
103
Virginian Ry 3%s series
105%
M-N
1
103% 103%
1031/4
4103
F-A
12
105 Vz 106
J-J
=•■•123
A-O
*107% 108
A-O
"*2
107%
107 V8
J-J
95%
94
80%
81%
366
69
78
80
278
66%
80%
78
77%
79%
285
75:ti
75%
77%
328
102% 103%
52
101%
103%
95 %
200
9iy2
96%
/
73
102%
106
98
95 %
•
94%
94%
109%
M-N
*101%
M-N
79
97%
80%
76
105
105
98
112%
"1
106'/a
107%
2
110%
111
4
102%
104
11
104%
105%
111
111
102% 102%
^'^1 I
105
105
•'
103
103
*119
J-J
F-A
103%
105%
105%
105 Va
102%
103%
*105%
J-J
—
—
105 V4
1950
A-0
'■'iiiii'';::
106
&
ref
105% 106'/a
AAdl
fol
—^
A-O
90%
89%
90%
108
8IV4
89%
90%
39
90%
43
79%
80%
1980
J-J
1960
1950
1st gold 4s__1946
Gas & Elec 1st gold 5s
1949
Trenton
90
78%
36%
Tri-Cont Corp 5s conv
1953
deb A
^ 1
I-
-•
76%
78
27
70%
73
80
104
78
es¬
73
se
*41%
*40%
A-0
"
'
37
2
40
95%
^
96%
96%
F-A
43 %
45 V4
0
'1
J-D
-i.
*
J-J
A-0
88%
95 %
30
98%
102%
54
77%
'
54
101%
103
102
104%
100%
102%
101
101%
101%
101% 102 y4
J-D
104%
103% 104%
62
M-S
101 Va
101%
157
101% 101%
4
J-J
70%
70
71 Va
65%
65%
66%
34
if:?/
A-0
£- "
-
94%
91%
7
101%
103%
11G Vs
116%
102% 103
*116'/a
'
111%
38
'
J-J
67%
111
93%
93%
102%
53
111%
*111
•
93%
M-S
72%
■55%
56
J-sT
M-S
98%
77
129
M-N
101
99
.
98%
94%
M-N
112%
104
99
'95'
98%
M-S
111%
110%
32 /
94 y2
95 y4
101% 102%
95
102%
J-J
M-S
>1
111 y4111%
111%
109%
110%
—
118%
108%
V.
101
118%
IS?;®
■/
—
♦110%
M-S
108 %
101
101
104
118% 118%
•r".^
J-D
47%
98
101
—
♦101
F-A
98%
38%
98
>*99% 100%
*101
42
!
A-O
F-A
39
J,
f-'r I
„
2
Q-M
41
,41
42
42
-/
m 40%
;
—
*39%
V,' V
A-O
73
41%
—
75%
J-J
73%
70 y2
310
57%
69
70
20
60 Va
70>
M-N
21%
21%
22
37
16%
22%
73%
18
109%
i">i
*108% 108%
HO1/2
107%
"f|'>
111
♦110
A-0
1968
1971
15%
yp
*18
108
37%
10
:.
J-J
■'{
-
101 %
11
*106% 107%
102
101%
30
102 JA 102%
67
102%
107
103 Vo 104
102%
102
106%
103 Va
mtge s f 3Vis series D_
ii6%:
*—
■...
V..M
1st
100%
101%
103
*102
M*S
37%
30%
96%
1
J-J
Youngstown Sheet & Tube—
Conv deb 43--.-..,-—
79
71
499
Public Service 3V4S
Wisconsin
112
110
55
79
100 Va 100%
-
1
A-Zf
:
102% 102%
——'
J'Xr
1st 4s
West
—
-
78
36 %v
J-ta
Ham & Buff
Toronto
—
*110%
\
•
,
A-0
Jan 1960
St Louis &
Toledo
M-S
1960
•"
90%
J-D
1964
5s
■,
.
78
—
Wisconsin Elec Power 3%s
89%
111
109%
90%
90%
1st ref 4s
income
100%
80
13
■
■.->>
deposit
of
ACertificates
90%
90
Ohio Cent ref & lmpt 3%s
fc
18
F-A
1st 4s.__1936
5ASu & Du div & term
116%
•
102% 103%
89%
M-S
1958
;—1960
1949
& Co
{AWisconsin Central 1st 4s
ACertificates of deposit
106%
55
A-O
Mo Pac Ter 5%s A
Ave Ry
*117
105V2
—115%
J-D
2000
C—
ref 5s series D
Gen &
Tex Pac
Third
5s series
106%
_1979
5s
& ref 5s series B
Gen
105%
10
1977
Pacific 1st gold
&
Gen
96%
29 »'
105% 105%
M-N
112
10514
91V,
111'.
13
—
22
'
88%
Apr
A—1946
-1940
1st mortgage 3s
Winston-Salem S B 1st 4s
Wilson
96%
96
96%
110%
102
Apt
2361
& Lake Erie RR 4s
1949
Steel 1st 3%s series B___1966
Wheeling
111% 111%
111%
J-J
1
102
109% 110%
J-J
30-year 5s
——1960
Westinghouse El & Mfg 2V8s
1951
West Shore 1st 4s guaranteed
2361
\
F-A
i.-
110%
M-S
Telegraph Co—
> Funding & real estate 4 V2s—-—1950
25-year gold 5S
-1951
120
1103
> *—*
110%
102
'■
„
102
Union
Western
9
105% 105%
91%
90
102
A-O
—1977
1st 5s ser
{AWestern Pacific
A5a assented—
4
:w-5>
103% 103%
103%
103
mtge 3%s series I
Western Maryland 1st 4s
1st & ref 5 %s series A
1st
58
54
59%
*58
'•Z
110%
109 %
;>^,-//
>
*110%
'•£
/'I——
J-J
1948
1945
1945
1950
1967
1963
.-1966
1952
E_
West Penn Power 1st 5s
110%
107% 107%
——
F-A
I:
/•
.
?.v'
—
*91
•
.
:h::'
I1'
*110%
V /'
'•>
M-S
1971
3%s—
Gen mtge
105
103
*110% 111%
'
//III:
—
1'
1966
Ltg 5s stpd
Westchester
100%
20
5
—
*112
M-S
2003
,1958
A
guaranteed 4s
gtd
1st 40-year
98 %
102
96
100%
102%
.102
102%
80%
73%
92%
>
105
*108%
M-N
3%s„1972
Washington Central Ry 1st 4s
Washington Term 1st gtd 3%s
109%
105
13
100% 102
79%
'
Texas
Ml'
__
102% 102%
F-A
4s inc series A
1981
AGen mtge inc 4V4S ser B
1991
{AWabash Ry ref & gen 5%s A—1975
ARef gen 5s series B—,
-1976
ARef & gen 4%s series C
1978
ARef & gen 5s series D
1980
Walworth Co 1st mtge 4s
1955
Warren RR 1st ref gtd gold 3%s__2000
78
65%
:
98
98
102
1959
1965
debentures
3s
102%
*102'% 102%
A-0
AGen mtge
80%
65%
,
:/■
34
109%
109%
1953
deb
Company 3s
102'/B
101%
—
*101% 103%
M-N
—1957
1968
5s—1949
series A
1st mtge 4s
82
80%
:
impt mtge 3%s series B—1974
Tcxarkana & Ft Smith 5%s A
Texas
102
*101 Va 102%
'jr'
>/-
*101% 102%
Wabash RR Co—
96
*
1951
f gold 4s
103
....
w-
W
98%
96%
97%
97%
Terminal Assn St L 1st cons 5s—1944
s
101%
>>•';
,
102%
*101
*101%
M-N
107%
105% ,107%
Wheeling
refund
lOlVa
103
/>
*101%
-."./>/:
.
>!•
M-N
Registered
&
; v
M-N
123
107
*5457
F-A
1953
Ret
102'/a
100%
101%
100% 101%
106'/a
123
1
100 V* lOO-Vi
1956
1961
'/-Gen
101%
10
*101% 102%
V ;-
100%
M-N
series A—1955
Cons s f 4s
49
42
Bell Tel 3%s B
1st & ref 3s series. C
Southwestern Pub Serv 4s———1972
ASpokane Internat 1st gold 4%s__2013
Stand Oil of Calif 2%s debs
1966
Standard Oil N J deb 3s——-1961
Tenn Coal Iron & RR gen 5s
I
-
41%
421/a
F-A
A-O
debenture
10
101% 101%
M-N
42%
27%
13
J- J
Superior Oil 3%s debs
Swift & Co 2%s debs
—
:y
.--/
y
28 Va
F-A
1996
1951
1964
1968
Southwestern
..
31
20
%
*
26
1956
1956
6%s
Mem Div 1st gold 5s
St Louis Div 1st gold 4s
43
102% 102 Va
;//
M-N
—1951
4%s w w
United Stockyards
32%
:
>77
M-S
1994
1956
gen
102%
101%
102%
—
836
M-S
1950
1955
5s
100%
.v
—
67%
43%
/>: 43
21%
963
A-0
1969
ref gtd 4s
107
106%
12
101% 101%
102%
103%
110%
10 '
—
2.10s '
—
126% 126%
—
438
1981
1st 4s„
■
92
22%
38
104%
102%
109
13
107
M-S
__-_-----_----—----1944'
-
2.15s
92
31
102%
•/<// 36
107
-I'-;
F-A
.—May 11949
-—-a-——--Nov: 11949
r-—May 11950
> 2.20s
Nov /l 1950
2.35s
May 1 1952
2.40s
Nov 11952
2.45s —————May 1 1953
2.50S
—£
NOV 11953
2.55s
--——May 11954
-2.60s————Nov 11954
2.65s
——.——May 11955
481/a
—
31
32
>
109% 110
States Steel Corp—
2.05s
71%
240
44%
108%
103% 103%
JL--
109%
A-C
Serial debentures :
82
70%
>
J-D
A-O
"United
122
A-O
1950
1964
.—1963
1962
A
Fran Term
2%
71'/a
42Va
37%
v-
.■
M-tr
Cigar-Whelan Stores 5s
1952
United Drug 3V4S debs
1958
United New Jersey RR & Canal Co—
102
92
1949
1977
1968
Pac RR 1st
&
81
High
107%
>
No.
-
1941
1952
Gold 4%s
Devel
-
A-0
1970
1971
1980
1955
General- 4s
A-0
1954
1961
Gold 4%S
San
97
45
'
(Oregon Lines)
Gold 4%S
•
South
28%
104 »/a 105
Aug 1949
1st 4V2S
>
15
30
35 Va
*126 Va
1935
registered
4s
37%
>
32% > 44 >:>
*102
1979
Pac coll)—
(Cent
4s
281/2
36 Va
Pacific Co—
Southern
723
*92Vi
1935
debentures——
3s
United
69
,
1933
3%S
Bell Tel & Tel
Soutb
48%
48%
33
Low
20
Hiah
107% t 107 y2 107%
103% 103%
103%
J-J
:—1947
grant 4s
land
&
1st
34-year 3 %s deb
102
44
1945
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
49%
36i/2
80
of
certificates.,
Shell Union Oil 2%s debs
2%s sinking fund debentures
{§ ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s
Skelly Oil 3s debentures
361/a
14
101
71%
1950
—1950
1959
series B
A 6s
200
35
35%
102
1952
1989
A
deposit
tSAAtl & Birm 1st gtd 4s
{ ASeaboard All Fla 6s A ctfs
49 %
35%: 36%
4VaS
1941
B—-—1971
6s series
cons
ACertificates
16
35-year 3%s deb
Ref mtge 3%s series A
United Biscuit 31/2S debs-
47%
35%
deposit
of
ACertificates
A 1st
43 V2
48%
4%s—--1947
Distillers 4s s f deb
Scioto V & N E 1st gtd 4s
jSeaooard Air Line Ry—
§ a 1st gold 4s unstamped
§A4s gold stamped
§ a Refunding 4s
93%
48 Va
1978
Schenley
89%
837
43
gold 4s_1968
1st cons
Paul & Duluth
20
44%
43%
1950
Louis-Southwestern Ry—
..
1st 4s bond certificates
1989
A 2d 4s inc bond ctfs
Nov 1989
5 A 1st term & unifying 5s—_
1952
AGen & ref goid 5s series A
1990
{A St Paul E Gr Trk 1st
{§ ASt P & K C Sh L gtd
St Paul Union Depot 3VeS
93V/2
91%
43 V»
{St
St
99
44
1950
A——
oCertiiicates of deposit
A Prior lien 5s series B_
A Certificates
of deposit
ACons M 4VaS series A
ACertificates of deposit stpd
A
97%
93%
1959
1955
1st mtge 5s
St L Pub Serv
Sold
Pacific RR—
Union
1
98
Range since
January 1
Bonds >
Friday's
High
Low
NO.
High
98
or
Low
,
LOW
fu
Sold
Asked
Sale Price Bid &
Period
Sale Price Bid & Asked
Period
Ended Feb. 25
Week
Last
Interest
Fxchangt./
>>7./ New York Stock
Range since
January 1
Bonds
Friday's
or
Week's Range >:'/:/
Friday
BONDS
Week's Range
Friday
a
Deferred delivery
year's range, d Ex-interest,
Under-the-rule sale hot Included in the year's
sale not Included In the
Included In the year's range,
n
e Odd-lot sale not
range, r Cash sale
not Included In the year's range.
*lllVa 111%
3%s_.
Union Electric Co of Mo
19
19%
105%
103%
represented Is the dollar quotation per 200exchange rate of $4 8484.
,
{Companies reported as being In bankruptcy, receivership,
the Bankruptcy Act, or securities assumed by such companies.
105
102%
103
v
*102
§ftegotlat}llity Impaired by maturity. tThe price
Accrued Interest payable at the
pound unit of bonds.
112
104
*105
debentures
3s
Ill
191/2
19V2
{§ A Union Elec Ry (Chic) 5s_.
Union Oil of Calif 3s deb_—
or
reorganized under Section 77 of
being transacted during
•Friday's bid and asked prices; no sales
current week.
ABonds selling flat.
EXCHANGE
NEW YORK CURB
footnote in
in a
/
the week in
In the following
Feb.
/•
19,
extensive list
ending
and
to include every
which they occur.
security, whether stock or
Friday
Wire
Aero
•
■
10
Co common
Supply Mfg class A
B
Class
Air
Air
Inc
Associates
Aircraft
Investors
Convertible
preferred
Southern
7%
A lies
preferred!
For
A
Feb
American Beverage common
3
35
1.500
2%
common
Investing $3 conv pfd
(Mich)
conv
footnotes
Aluminium
6%
page
Ltd
865.
92
Jan
35%
Jan
Jan
3ya
Jan
>9%
89
Jan
92
114
Feb
116
Jan
105%
Jan
114 V2
114%
60
10
105
Jan
"•
—
10
23%
24%
28
28
100
50
Jan
11
22 %
Feb
25
Jan
27
Jan
28
Feb
Class
Jan
B
American
,
American
-
class A
_
Foreign
Fork
40%
&
2
10
38"%
38 7
38
37%
a
'
Power
Hoe
warrants—
common.
.•
•
iy8
■
•
2%
2%
10
non-voting
&
43
37%
_I
Cyanamid
400
_
200
,
<
Range Since
>No. >
70
> 1,300
28% Jan
109% Feb
Feb
9% Jan
73% Jan
IOOV2 Jan
1% Jan
28% Jan
18 y2
..
5% Jan
•■
*
January 1
High
30% Jan
110% Jan
Low
19
10%
84
>102%
1%
30%
Jan
Jan
Jan
Feb
Feb
Jan
6% Feb
:
40%
43
40%
_
6%
400
•
•
.
:
& Light25
v
';
6'/a
J.
100 *
i/
1%
29%
29
*
6%
.
...
A
American
8%
••
Convertible
1
74%
1%
29 >b
1
Mfg
.
Cities Power
class A
American
Class
•
.
10%
75%
.
.—100
1,000
18%
9%
-1
Co
Central
.
.
18%
:
75%
.•
100
Book
American
450
105% 105 %
28
common
preferred
American
Feb
•
•
•
.•'
High
2,300
29%
109% 110% •/'.
..W'
v.-
•
.
25
common
see
Aluminum Industries comraon___
Class B
Products
Class
Jan
100
Fisher Inc
Allied Intl
Allied
Jan
2yz
-
28%
28%
110%
•
Mfg
2%
,
Ludlum Steel—
preferred
&
2%
91%
50
preferred
Allegheny
"2%
•
Alabama Power Co $7
$6
10
__3
•
-
Goods
9%
1,100
"2%
preferred
Jan
2
2
'
6 %
Aluminum
Jan
8%
»
Jan
Feb
300
2,300
800
1
Feb
2%
2%
..
Shares
Low
•
100
>
>•■> :'/>
for Week
of Prices
Sale Price
Aluminum Co new common
X.
Feb
8%
8%
2%
.
Jan
4
Feb
■
1
Sales
Week's
.Range
Friday
Last
.
>.
Exchange
Week Ended Feb. 25
''7%
Feb
74b
2%
21
Jan
3%
6%
4
7%
2%
21
24%
Jan
lr000
'/>
3%
7%
2
common
Great
Alabama
2114. ->>••100
4
50c
Corp
Electric Appliance
Air-Way
21
1
5
1
(N J)
Accessories
22
Curb
and is intended
High :
Low
High
.
.1
„
Ainsworth Mfg common
Range since January
Shares
of Prices
£010
Par
STOCKS—
York
New
for Week
Range
Sale Price
25
/'/' I>>;/>>£>
'/>>>
Sales
Week's
Last
Exchange
Ended Feb.
Week
■I/II"•'
Acme
Curb
York
ehown
"I
Saturday,
week beginning on
the Curb Exchange itself,
'
1944).
'I',-;
'
transactions on the New York Curb Exchange for the
It is compiled entirely from the daily reports of
bond, in which any dealings have occurred during the current year.
25,
(Feb.
outside the regular weekly range are
they are the only transactions of the week, and when selling
computing the range for the year.
furnish a complete record of the
the present Friday
STOCKS
New
we
disregarded in the week's range unless
No account is taken of such sales In
RECORD
YEARLY
AND
WEEKLY
NOTICE—Cash and deferred delivery sales are
'
.
;
39
38%
1 %
38%
Jan
43
2,150
3,900
35%
Jan
40%
Feb
1%
Feb
2%
Feb
45
Feb
Jan
38%
Feb
2,000
37%
Feb
41 %
2,600
1
Jan
1%
Jan
Jan
16%
Jan
420 i,
15%
—
Feb
2,700
Volume
159
Number 4259
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
STOCKS—
New
York
Curb
."""■
Exchange
Week Ended Feb. 25
,
4% %
Gas
General
$2.50 convertible preferred
American Hard Rubber Co_I__
6%
American
Mfg
Co
American
Potash
41%
Jan
43%
Co__
44r.
91
4
40%
91
$6
25
12%
12%
%
Anchor Post
Fence.
Arkansas Natural Gas
Common
class
—2
A
3%
&
Refining
Associated. Breweries of
Electric
American
91
Casco
Products
Jan
Castle
(A M)
Catalin
42%
Feb
45%
Jan
10%
Jan
13%
Feb
of America
Central Hudson Gas & Elec com
Central New York Power 5%
Jan
3%
Feb
Central
3/8
Jan
105%
Jan
14
Jan
11,600
150
y
3%
100
3%
Jan
4V4
300
4%
Jan
43/s Feb
2%
Jan
2%
200
3%
18%
1,000
Jan
13
Atlanta
Birm
Atlantic
&
Coast
Coast RR
3%
"33/4
3%
3%
3%
3%
2,900
33%
Jan
10
900
9%
Jan
90
97%
Jan
106%
■
10
5,700
■
37/» Jan
8 3/a
8%
200
8%
Feb
9
8%
87/s
100
73/4
Jan
9%
6
6 Va
300
Jan
53/4
Atlantic
Rayon
Atlas Corp
Line
""%
Jan
r"%
.
•
1,400
%
"I
8U
■
12%
80
10
11%, 12%
Jan
50
Corp
Forge
Clark
80
12%
Plywood
Corp
1
(B Ft
& Sons
10%
3%
10%
Clinch field
8
Jan
Club
2
Jan
Cockshutt
500
5%
Jan
8
Feb
Co.
Coal
Co
Development
Colonial Airlines
Babcock & Wilcox Co
Purchase
10%
Feb
12%
3%
Feb
3%
Colorado Fuel & Iron
100
5%
Colt's
8%
100
9%
Columbia
9%
...»
7-7o
warrants
for
20%
preferred-.—.
Baldwin
Rubber Co
Barium
Stainless
Barlow
&
common
..
9%
400
Jan
9% Jan
Patent
5%
23
30
common
Basic
7 %
(L>
6 %
40%
20%
Feb
6%
Feb
40%
150
7%
7%
3%
3%
29,000
5
Inc
13
Brummel
Beauni*
$1.50
Mais
500
convertible
Bellanca Aircraft
Bell Tel
Benson
of
&
...
5%
--
5%
preferred
Canada
Hedges
Convertible
1
Fire
Gas
preferred
Blauner's
Bliss
14%
14%
100
63/4
6%
1
7%
12%
13
13%
7%
$5
Brewster
i
Class.
130%
Jan
34
Jan
37
Jan
.12
Jan
6%
Feb
2'A
&
1%
100
10%
Jan
12
100
7% Feb
10
Jan
92
40
25%
50
:
10%.
47% Feb
93
Jan
Feb
11%
Jan
1%
1,500
%
Jan
Jan
10%
Jan
1,200
20%
Jan
6%
Jan
1
18%
10%
11%
7,900
9%
Jan
3%
3%
3%
2,300
3
Jan
12%
1,300
.
'
'
&
—
21%
11%
2
Jan
20 3/8
Jan
11%
Feb
Feb
3% Jan
22
Feb
13%
Feb
"
93/4 Jan
101
•
Jan
105
Jan
•
9%
—«.*
9%
1 % -/,■
—100
Oil
106%
10%
5,100
l3/4
1,100
1%
103
111
63/4
Feb
1%; Feb
550
81%
i...*
Jan
•
dep rects ord bearer
ord
£1
20
' '
".mi.*
20
200
16.%
■
Feb
1%
Jan
111
Columbia Power class
A
17
200
Jan
12%
183A
Feb
20
Feb
Jan
17
Feb;.,
Brown Rubber Co
1
Bruce
(EL)
Co
'■
—
21%
21
*f
common
common
79
2
1
5
;
22%
'
-$1.60
$5
1st
Bunker
Burco
•
Hill
&
Inc $3
Butler
(PA)
25
•
30
Sullivan
~9 %
17
;
Cables
trust
17%
9%
Callite
13,200
9 3/4
J.
A
Class B
—
-1%
3,300
3%
9,100
—
For
—
7/
'
■
—
.10
%
~6%
~6%
/'
5%
.
Alcohol—
see
page
.1
,
865.
19%
%
1
&
Feb
99 %
Jan
Feb
,-7%
Feb
Jan
8
20%
18
650
Jan
%
400
5 3/4
53/4
100
4
*
37V4
175
36%
Feb
113/4
12%
300
11%
Feb
12
14'
%
1,200
Biscuit
Gas
Jan
2%
Feb
Jan
6
5%
6%
Feb
9%
Jan
3
Jan
25
20%
■i-A
au
10%
10%
r9%
Jan
Feb
9% Jan
Feb
17% Jan
104%
46%
10%
9%
Royalty
Jan
%
Feb
prior
113%
Feb
116%
Jan
105
Feb
108%
Jan
6
Feb
105
5%
5
33 %
6/V
4%: Jaft
5,300
33%
170
32
1
100
Oil
Jan
6% Jan
114%
Jan
_
•
Jan
1%
1%
Jan
la/4
io3 '8
9V4
Jan
10%
Feb
10c
3%
3%
3V4
Jan
3%
Feb
100%
Jan
106%
Jan
—..100
-
...1
103
9%
103
9%
9%
9
Feb
11%
Jan
14
Jan
40%
5%
%
Feb
6 Ve
Feb
Jan
U
Feb
.—50
Reynolds
$6 preferred A——
Petroleum
Jan
13%
38 3/4
....——•
&
12
1
1%
——•
86
Jan
12%
Feb
Jan
1%
Jan
84%
86
1
2%
Jan
86%
Jan
Jan
2%
Feb
Jan
25 %
Feb
2%
.24%
24%
common
2Va
23
:
Courtaulds Ltd—
American
dep receipts (ord reg)—£1
Creole Petroleum.
24%
•
Liquidating Co—
-Croft Brewing Co—
Crowley Milner & Co.
Crown
2%
2%
100
1
1%
31,500
Cent
Petrol
Cork
International
(Md)
Oil
5
preferred
Refining common
preferred
1%
Feb
Jan
4%
Jan
Jan
Jan
3%
3%
200
3%
Jan
33/4
10%
10%
100
10%
2Ve
2%
1,200
243/4
24%
—23
*
,
IIV4
Jan
2%
Jan
24%
25
Jan
2
Feb
25%
Jan
!
Feb
%
%
100
10
10
Feb
11%
19%
20%
10,700
19%
Jan
21'A. Jan
5%
5%
200
3%
Jan
6
Jan
3
Feb
3
Feb
.
.
Sugar—.5/
Tobacco
common
•
Feb
ik
100
2.50
common
Jan
10
Cuban
Vi Jan
Jan
0
Darby Petroleum common.—.—.8
Davenport Hosiery Mills..:
•
Rubber Mfg
1
24,/a
35
:
6%
preferred———
15%
Jan
34%
34%
33%
Jan
6%
34%
Feb
4
37/a
3%
Jan
Jan
65
120
Jan
113
7%
120
Jan
^/a
5%
793/4
Feb
Feb
: Jan
7
41/8 Jan
475
Jan
120
■&
Feb
Jan
7%
Jan
79 3A
Feb
12% Feb
7%
13
Jan
19%
Feb
4%
21%
Feb
23 •
Jan
10%
Feb
77°
793/4
73
..
Gray Iron Foundry...—.....1
Mich
Stove
Co
—
%
37/8
1%
preferred—
Jan
4
Jan
5% Jan
1% Jan.
Jan
it
Jan
Feb
21%
Jan
10%
5
-Jan
Feb
i.——£1
14
ill v
rl3
Jan
14
Feb
14
Feb
14
5%
6
Steel
& Coal
B—..j,
25
-*
—
Jan
».*"
69
...
Co
10
•
Feb
6%
Feb
55/s
Jan
6%
Feb
Duro Test Corp
Jan
6%
Jan
Duval
Jan
East
Hosiery class B
A..
—
..
—
_i
21
Feb
~6%
Feb
Feb
6%
Jan
67
Feb
71
Jan
27%
27%
100
26%
Feb
29%
Jan
75%
75'%
50
74
Feb
77
Jan
..
4%
4%
100
1
—
3%-V3%
300
Eastern
jwhuhhoih
inm
•
...100
100
.
.
to
Feb
100
*
prior preferred
preferred—
7%
69%
-•
Gas & Fuel Assoc common
6%
Feb
Jan
68
common
4%%
43/4 Feb
6%
133/4
} 6%
6%
--
,
Sulphur.—
common
Jan
Jan
53/4 Feb
1,200
'.i.'
.
Draper
Corp
5%
10%
—
—
Dominion Tar & Chemical Ltd—
43/4
Jan
Jan
Jan
5% '/ 6 %
1
1
Bridge CO Ltd—
~6%
Feb
Jan
rl3
—
t
Texas
Jan
20%
22
•
Divco Corporation
Durham
3%
'100
..
Jan
Jan
% Jan
300.
2,000
—10
Dobeckmun Co common.——
Domestic Industries class A com
Dominion
4
21%
Ltd—
dep rets ord reg
Dominion
Jan
%
Am
Co
{§
33/4
21%
Oe Vilbiss Co common—.^——10
Distillers
•%
.1
—10
common
Products.
Diamond Shoe common
Feb
4%
16%
35
19
,
——.20
Detroit
Jan
3%
-.
4
..
120
X
...
16%
—
debenture
Gasket & Mfg.—
24 V2
16
....
Dejay Stores
——1
Dennison Mfg class A common——5
$6 prior preferred
50
8%
;:/i7-o:: Jan
233/4
24
Dayton
300
\
2%
2%
—.10
Lighting Inc
Mfg Co (Mo)
Jan
10%
Atlantic
Curtis
Feb
23/8
%
*
.
Cuban
Curtis
243A
V,
25c
A
convertible
$6
1,300
.....—.*
Drug Co common
Crystal
25
3%
..—.—.I
Crown
iv
24% Feb
—..4—5
C W
Feb
Feb
1%
1%
preferred—50
convertible
10
Jan
•
...
Coro Inc d————
Jan
12%
•
—
—
Jan
1%
21
r
Jan
Jan
1%
$3 prior preference
Copper Range Co
Cornucopia Gold Mines......
5%
Jan
114%
10 y«
Cooper-Bessemer common——.*
Cosden
Jan
7-
10
Co..
preferred
1,900
100
35
/■;
—•
Cook Paint & Varnish Co————*
Cor? .on
Jan
10
10
Ltd
Continental Roll & Steel
5%
''4%
68
114% 114%
105
1
Corp..
12
T.vr:f:.W/
..
.5 /•. Feb
Continental Gas & Electric Co—
1%
Feb
Jan
33%
100
—
Steel
4
63
.1
Jan
100
—
& Smelt
Consolidated
Feb
Feb
1
2,200
Feb
11%
Jan
1
66 3/4
Feb
Feb
3/4
33%
64
Jan
32
22%
•
—•
Jan
60
>
sV
1
Stores
31%
Feb
400
100
Jan
20%
1
5%
'
warrants-
preferred-
6%
6%
-
5%
Feb
22% Feb
Jan
■
97%
V
Jan
45
common
Feb
3%
10%
2%
60
Detroit
31%
v
14
Jan
Jan
8
44
...
Feb
Jan
5%
57%
Co
Mining
Textile
133/4
2%
25
Utilities
Retail
Jan
5%
7
—i.1
1946
to
%
•
jv 37% Jan
Jan
3%
10
...
warrants!——
Coke Secur
Jan
Jan
11
•
Feb
223/8
Jan
36%
•
•
Southern
Feb
6%
•
4
—
9%
7
200
3% Jan
4%
Jan
2'%
Jan
3%
Jan
9%
-
Jan
9%
Feb
—5
•
voting
-
10
Feb
Jan
;///"/■
''1/3
pfd_. .100
Foundry Ltd—
preference
25
footnotes
98
9%
89
10
Duke Power Co
...1
...1
voting
non
Jan
■
Corp
Industrial
Jan
101
79
33/4
..£1
Estate
Electric Power
Participating
90
Jan
100
Consolidated
Driver Harris
Fire Insurance Assn
Cement Co Ltd 6%%
Canadian Car &
Class
Jan
99%
Feb
50c
Camden
Canadian
Jan
85%
23%
Jan
5
1%
3%
3%
50o
Sugar
Canada
8%
50
I53/4 Jan
15%
'
1,200
—
25c
certificates
Tungsten
400
9%
Jan
"9
760
'
Wireless—t
American dep rets '5% pfd
California
Jan
''
■
&
Calamba
Jan
Jan
C
Voting
Jan
15%
98%
Arms
Consolidated
Consol
Feb
is Jan
24%
.—100
Derby Oil & Refining Corp corp.
•
A convertible preferred...
•
1%
1,000
99% 101
.9%
12 %o
/
Feb
8%
Feb
Detroit
1
CO
16%
101
rets
375
——-
series B preferred
preferred series C—
8%
Feb
Jan
Feb
21
—
•
common
Jan
23
Jan
Feb
13%
Feb
33A
1
2.50
•
preferred
17%
„
2,700
—
~9%
•
Cable Electric Products common
'
&
Detroit Steel
preferred
Burma Corp Am dep
Burrv Biscuit Corp
;
.
2%
—
*
,■
20%
77.3/4
2,200
79
■.
.*
Niagara & East Power—.
preferred
100
14%
Jan
17%
—
..
Bruck Silk Mills Ltd
Buckeye Pipe Line..
Buffalo
%
Jan
—
prior preferred
91
6%
15
*
—
$5
Jan
150
200
3%
~
B
Brown Forman Distillers
82
Jan
101
Jan
20
•
IT
Jan
200
"*3%
"7*
'
•
:
97
Jan
Feb
15%
--
Brown Fence & Wire
common.—...1
Class A preferred—...—.
„•
89
Jan
300
101
-92%
Class A convertible
10s
...
13%
ior
3,000
%%
Feb
12%
—■"
£1
reg
British Celanese Ltd—
Amer dep rets ord reg
10 %
18
jy;./:.--:.
Tobacco-
Co_.
Jan
8
A
Co
Crown
Jan
11%
11%
4
4%
Feb
26
400
19%
•
class A
Jan
8%
Jan
23,500
Consol G E L P Bait common...
Jan
8%
1%
20
—•
7
Jan
7%
Feb
•U Jan
Electric—
extended
c
consolidated
Jan
11%
A..^.*——»—
Class
Feb
Jan
Jan
1
American
British
7%
15 Vb
1% Jan
..—100
rets
Feb
7% Jan
6% Feb
12%
1
American
dep
14%
Jan
%
—•
common
British
Am
Jan
43%
10
•
;
British
Am
1 %
50
25%
.——..100
preferred—
Mfg Co common.———.
Brillo
Feb
47 %
91
Class ■.B—_——w.———————*
7%
Jan
...•
Preferred
■,
Jan
3%
10»/2
Aeronautical
Corp
23
Jan
83/4
25
Bridgeport Gas Light" Co
Bridgeport Oil/Co.———
Brill
Feb
11%
100
Brazilian Traction Lgt & Pwr.
Corp
Feb
'
common
Feb
7%
100
2,200
113
15V4
,
Consolidated
Feb
47%
•
1st preferred—
2d preferred...
Breeze
\ >1
14%
50
Bourjois
Inc..—
Bowman-Biltmore
.
~7
2,200
2
.
Borne Scrymser Co
6
"7%
.
Jan
%<Jan
3,800
2%
2%
•
Bohack
(H C) Co common
1st preferred
Jan
2%
j
600
1%
1
7%
5%
.1,100
6%
common
Jan
Jan
36% ;Jan
n
"J—
common
(E W)
Ridge Corp common
$3 optional convertible
preferred
Blumenthal (S) & Co
Jan
33%, Feb
%
.1
Blue
13%
127%
•
Birdsboro Steel Fdy & Mach Co com—♦
Jan
$3 -.preferred —i—.un¬
Consolidated
Feb
2%
128 V2 129
——1
Bickfords inc common..—
Jan
t
Conn Gas
Feb
■
3%
•
Berkey & Gay Furniture..
7%
3
6 %■ Jan
14% Jan
6%
1/ 3
—100
common
Jan
2234
6%
20
.
Feb
4%
500
10
common
403/4
':
1
—-
common
Jan
Jan
13
a
>.100
Ties—.
Inc
7%
6%
■
Beau
Jan
2
•
1st preferred—;
22 'A
2%
1
;
common
13%
/
Jan
39%
100
2 3/4
__
j
1,400
10.100
7
Mfg—
Refractories
Baumann
40%
.1
Steel
Seelig
$1.20 convertible A common
•
Feb
%
973/4
preference
Commonwealth
10%
V
20%
20%
4
6%
-
112%
13%
ordinary—
300
Feb
Feb
50
2,500
8%
common
1,000
Feb
Jan
93A
%
6%
.•% :
6%
'7%
100
Utensil
Plow
5
43/4
Jan
98%
92%
Corp
Aluminum
3%
8%
19%
90%
——
10%
21%
1
Baldwin Locomotive—
113
Feb
Jan
A
common
Colon
:
Jan
Jan
97
preferred
Community Public Service
Community Water Service
Compo Shoe Machinery—
:
8 3/8
Jan
Jan
4'/4
7%
Lights Inc.
83/4
.
Collieries
$7
33/4
5
common
Feb
Jan
Jan
25
Patoka
100
140
;
L
5
f
•
preferred—
Ayrshire
41
7 3/8
Z'7/ 1%
7%
_J
!
Machine
,;
100
4,900
.
12%
21
Jan
—10
Clayton & Lambert Mfg
Cleveland Electric Illuminating
7%
l5/«
5
Products
Voting
8%
98%
88
&
P
Neon
Jan
3%
Jan
—
Controller
1%
Jan
10
153/t
*21 :;v Jan
"
1%
common
Automatic
31
Jan
—
"7%
~7%
1
;
...
$6 preferred:
City Auto Stamping...*—City & Suburban Homes
il
Jan
8%
12%
7
Jan
75
7,600
2,800
14%
1
preferred B__,
Service
Feb
8%
$6 preferred BB
Cities
Jan
■111
Co._5
Mining
preferred-
Claude
pfd„100
Co
Automatic
6%
'
6% Feb
Jan
$6
•
60c
—
6%
1
warrants
Drop
Avery
,
Jan
Jan
8%
10
Childs Co preferred
Cities Service common—
.10% Jan
108%
973/4
98
1
Consolidated
Feb
10
400
■.
Chief
Jan
116
1,600
113
Co
Jan
Jan
11%
100
common
Jan
7%
114%
"4%
50o
Metal Weather Strip
Corp
24
48 %
10
11
Cherry-Burrell common.——.
—5
Cliesebrough Mfg
25
Chicago Flexible Shaft Co
I
5
Chicago Rivet & Mach;
—4
3% Jan
103% 104
10
104
pfd
Feb
Jan
'
1
Utilities
Feb
13»A Jan
Jan
47
*
,.*
...,
Feb
109
Jan
Light 7%
Cleveland Tractor
Coast
Atlas
Co
Fisheries
Atlantic
Atlas
Charis
Jan
18%
;
•
A
Prooucts
f'.'' 30"
"4
10
,.1.
Feb
3
Jan
&
A!rcraft
Chamoerlin
Jan
3s/a Jan
Feb
£1
Tel class
&
Steel
Power
Cessna
•
Associated
Co
Central & South West
Jan
183/8 Jan
4%
1063/4
•
Ohio
13%
•
&
Corp
Central
is Jan
111
115% 115%
111
111
14%
pfd__100
Industries—
Associated Laundries of America
1
Feb
6,400
15%
1
dep rects reg
Tel
Feb
common
1%
'
•
Canada
Feb
Corp
233/4
—
Associated
Carrier
115%
47%
Jan
2
Jan
7%
47%
144
Jan
X23
47%
..
1.
Kifh
Jan
1%
12%
.
Feb
3,500
—*
Carnation Co
Jan
18%
3%
_•
Co
43
Jan
1%
•
26% Jan
''4
6%
preferred
10
Arkansas Power & Light $7 preferred.*
Aro Equipment Corp new
2.50
Art Metal Works common
_5
Oil
A
Jan
100
non-voting
class
Class B
Jan
4%
•
pfd
Co
300
7"
1
common
&
Jan
1
Low
144
1%
common
•
Carolina Power & Light $7
preferred—*
$6 preferred
1
•
90
Range since January
High
100
Products
16% Feb
3%
"4%
•
—
Angostura-Wupperman
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
City
22 %
106%
16%
18%
5
common
/
preferred
18% Jan
300
%
106
•
preferred
v
7%
1
*
Paper
Carman
Shares
•
Jan
Low
.
1
Capital
27%
2,400
12%
""/a
Writing
Canadian Marconi
Feb
•
10
American
Jan
900
1%
233/4
44%
preferred
Feb
53/4
36%
/-'v :
for Week
,1 '
Jan
353/4
70
1%
23%
42%
$6 series preferred
American Thread 5%
109%
Canadian Industries Ltd—
Jan
3%
"l%
•
Republics
28 3/a
Sales
Range
of Prices
Price,
*
Par
Jan
Jan
26%
Week's
Last
Sale
Feb
' 4
;r,
Friday
,
25
15
;4.17
2,100
:
,
Exchange
25%
/'
200
40 3/4
1
Chemical—
100
/
17,%
^
•
&
■15%
:
Curb
Ended Feb.
Jan
26%
107
C...'..
x27
x27
■■■■:
''f'y'ty*
Seal-Kap common..
-2
Superpower .Corp common..•
American
Ashland
Jan
44%
American
American
1st
Jan
34%
.4' 17
17%
100
:
Meter Co
American
5%
475
100
i
Maracaibo
American
X27
25
common
Preferred
1,200
4;
York
Week
Hion
5%
15
20
Low
.
36%
5%
36
—
25
Laundry Mach
Light & Trac common
preferred
New
108% 109%
5%
25
American
STOCKS
'
Range since January 1
400
36%
EXCHANGE
'
14,400
1
American
.
Hiah
263/4
108%
'/
1
•
27%
27
10c
Corp common
preferred
Shares
LOW
10
100
convertible
of Prices
PaT
Electric
preferred
American
$2
&
Range
Sales
for Week
peek's
■■■
Sale Price
V
American
Friday
Last
861
1%
1%
1%
Feb
63 %
64%
5R%
Jan
64%
36
37 V4
32%
Jan
37 V*
Feb
27
2172
Jan.
27
Feb
26
2
Jan
Feb
•
*
Monday, February 28,1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
EXCHANGE
NEW YORK CURB
Last
Curb Exchange
Feb. 25
York
New
■
Par
if
39%
39 V4
States Corp-—-—
—*
preferred series A
*
preferred series B——«*—-•
$6
Sugar Associates—
preferred v t C-—I
Easy Washing Machine B—
*
Economy Grocery Stores
*
Electric Bond & Share common
—5
37'
Eastern
$5
$5
$6
preferred
Electric Power &
40%
Feb
Jan
40%
Feb
5%
Ireland
"7%
Jan
~9%
89%
Jan
Jan
93
Feb
53
59
47
Jan
59
Feb
Feb
1
Jan
Jan
Insurance
32%
Feb
International
9%
Jan
Eversharp Inc
8%
Jan
Jan
Preferred
Feb
■■
43
1%
--
—50
•
29 V*
9%
8%
1%
1%
1%
Jan
4%
Jan
"5%
~5
Warrants
International
Feb
18%
9%
17%
shs_.•
shares.———,._*■
7%
10
Products
*
.. .
—
■
1
1
FRnsteel Metallurgical
' * '
Fedtiers Mfg Co—
—-5
Federal Compress & Warehouse Co—25
Airplane—:
7%
Jan
9%
2%
1%
Jan
2% Jan
13%
13%
12%
Jan
13%
15
14%
Feb
16% Jan
7
5%
Jan
I
7%
62%
Jan
60
Jan
Feb
Jan
'
"
21
4%
x20%
non-voting
—*
Class B voting
Ford Motor of France—
Amer dep rets bearer——
—
Fox
(Peter; Brewing Co
5
Franklin Co Distilling
1
Froedtert Grain & Malt common
1
Fuller (Geo A) Co————1
$3 conv stock
4%
convertible preferred
—.100
Class A
■
6A
—10
(Phila)
Ford Motor Co Ltd—
Am dep rets ord reg
Ford Motor of Canada—
Association
Fire
9
2Va
6%.
—
4%
Jan
19%
Feb
20%
■I3/4
19%
Jan
20%
Feb
20%
,
17
11%
11%
IOO
Jan
""4
Jan
Jersey Central Pwr & Lt 5%% pfd-_100
6% ; preferred—i———--*-100.
Jan
18
Jan
2%
12%
Feb
Jan
38
58
"
Jan
60%
Julian & Kokenge
7%
•
Power Co common
Alloys Co
•
Ltd— :
Amer dep rets ord reg
——JE1
General Finance Corp common
1
5% preferred series A
10
General Fireproofing common
•
Gen
J)as & Elec $6 preferred B
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred—*
1
Co A stock
General Shareholdings Corp com
$6 convertible preferred
Water Gas & Electric common
Gen
■—
Xl5%
Co.
.■
$7
Consolidated
Co
Mfg
Goodman
Mig
Gorham
Varnish
Grand Rapids
Mfg
Gray
Great
Non-voting
:
80%
60
75%
Jan
80%
8%
9%
41%
Jan
100
9%
425
45
112
*
Harvard
Hat Corp of
39
9%
150
preferred •
—*—
9
6%
Hormel
Horn
1
(Geo A)
& Co common
(A C) Co common
Baking Co—
& Hardart
Horn & Hardart
Horn
5%
(Harvey)
Oil & Refining
Hummel-Ross
Hussmann
Fibre
Ligonier
Corp
Co
Hydro-Electric Securities
Hygrade Food Products
Illinois Power Co
5Vc
conv
Dividend
Illinois
common™
arrear
Zinc
ctfs
Jan
Jan
page
865.
111%
Feb
111%
50
Jan
104
%
Jan
,"5%
Jan
Jan
68
Feb
32
Jan
Lionel
4%
Jan
5%
Jan
Liptbn
'
WW
•
-
Corp
Ltd—
....
—
66
53%
-• 60
45%
Jan
55
2%
2,000
2%
Feb
-3
4%
4%
1,000
4%
Jan
4%
Jan
%
Jan
Va
Jan
y
.*-
Jan
Feb
16
Jan
~8%
Feb
~8%
Feb
16
15%
—
8%
8%
'
12%
12,%
yy, 200
Jan
105
Feb
Feb
95
Feb
12%
Feb
12%
Feb
7%
—
20
Jan
84%
103% 105
--
Jan
100%
Jan
7
Jan
11%
Feb
86 Ms
150
84
Jan
86%
Feb
Locke
25
132
Jan
134%
Feb
Lone Star Gas
Jr*,
29%
yt".
Jan
33%
48%
45%
48.%
1,080
37
Jan
48%
Feb
13%
12%
13%
1,900
12
Jan
15
Jan
2%
2%
2%
600
2%
Jan
3
Jan
2%
100
2%
Jan
27/e
Feb
105%
Feb
:
2%
r
5
100
400
1
6%
100
6%
Feb
7%
3%
Feb
4%
Groceterias
109
-
Jan
111% Jan
Jan
112
Feb
Corp
Lynch
A
Corp new common
*
100
.100
Manatl Sugar
Jan
21
Jan
Jan
49%
Jan
Feb
1%
Feb
Mapes
Jan
3%
Feb
Marconi
1,100
Jan
5%
Jan
41%
1,900
450
6%
Jan
Mass
|
y'
7%
Feb
Massey
Feb
Feb
Harris common.
MoCord Radiator & Mfg B
McWilliams Dredging.—.,.
'
Jan
-
Utilities Association v t c
9%
Feb
27%
Jan
Memphis Natural Gas
Feb
14%
Feb
^
14%
Jan
'
.
15
Feb
22
Feb
Jan
103/4
Jan
14%- Jan
15%
Jan
Merritt
Chapman
--
•
_•
•
-
II
■
33
36
Jan
Jan
33/4
1
Jan
4%
Jan
25%
Jan
263/4
Jan
Jan
111%
Feb
19%
Jan
"
25%
26
225
-
111
18%
19'
200
18%
40%
41%
4,900
37%
5%
900
5
J
1,200
5,500
6%
22
y
Jan
y/ 41% Feb
4
Jan
5%
Feb
6%
Jan
7%
Feb
2
Jan
3%
Feb
Jan
22%
Jan:
Feb
20%
"9%
y
7%
Feb
4,100
4%
Jan
43%
Jan
46
Jan
Jap
14%
Feb
IP/4
Jan
45%
45%
45%
13%
9%
13%
10%
3,900
350
6134
Feb
Feb
7%
Jan
109 %
Jan
111
Feb
Jan
28
Jan
Jan
Feb
27
Jan
Feb
Feb
.*
•
:
4%
7
26
Jan
Jan.
y; 7
Feb
Feb
7%
2%
Jan
4%
Feb
9
Jan
10%
Jan
138
Jan
146%
Feb
4%.
9%
9%
144
146%
_*;
146
•
'
3% .Jan
3 %' Jan
3%
3%
3%
Jan
Jan
6%
lVa
3%
3%
Feb
H
1%
__
41
Jan
6
Feb
46
Jan
__
V-
y-; -v.-y;;
7%
' 7%
7%
& Scott—.—.—.*
—...
—100
«...——..1'
Corp*—*^——_«i.25c
Participating preferred—
...
15
Metropolitan Edison $6 preferred....**
Michigan Bumper Corp new—.
'.1
6%% A preferred
Messabi Iron -Co——*.
_*
%
99%' 99%
-1%
•
"1%" ^
**: 5■
Feb
103%
Jan
>1%
Jan
23A
>
Jan
y_ ■
Jan
36
Jan
110 >
Jan
111
Jan
2%
Feb
3%
Jan
5
-
^300
•2%; l5*' 2%
3 tV
Tube—*—X.*^*X.^.2.50t"-?;■
1,500
Sugar.Co*-*^X~-—-—J-*>; y :»Mi
I?
1,000
Preferred
!*i*
10
7-'A' yf-,f6%;'"';7-?r
•V* 300
Micrormatic Hone Corp.—
,*
1
6% : :6%
1,100
Middle States Petroleum class A v t c.l *
10% "r'10: '10%
11,400
Class B vtc
lr
-2%
2%>12,300
Middle West Corp common
5 S: 10f
9% 10%'
i
50
Midland Oil Corp $2 conv preferred..*
9%
9%;
JanJan
36
-
'iiV X
1%
Feb
2%
•
;
Jan
V;l%
: 1%< r
.1"
Feb
7%
99%
Jan
,53/4
Feb
%
Jan
n
Feb
6
Jan
5'A
Jan
•7
Jan
8 v
Jan
10%
Feb
lYs
>
Jan
•--•
-Michigan
—
—
$2 non-cum
9Vi
9%
Feb
—
y. f- •
dividend shares.
*„:•.
•
Mid-West Abrasive.—
50
Midwest. Oil Co—
10
Midwest Piping & Supply
•
Mid-West Refineries.—
1—
:Jl
Mining Corp of Canada
;
•
Minnesota Mining & Mfg__—•
Mldvale
6%
13%
Feb
Jan
6%
49v
19
5%
IS
__
common.....:—5
Midland Steel Products—
500
Feb
Jan
67%
•
:>
7%
Jan
Jan
12%
250
; 9po
21%
Feb
8%
' 1%
7%
Michigan Steel
.
Jan
16
.
Jan
51
—
7
Metal Textile
,
Feb
U
'Warrantsj—■.
:•
Jan
81
■
—
__
•
—.*■
•
—1
.*
—•
f
9%
3,400
Jan
„
V.'
Jan
30%
24
Feb
8
33
Jan
Feb
; 20%
500
3,700
18% Jan
15
Feb
__
__
Mercantile Stores common
Jan
9%
X'lk'i
7%
...
Mead Johnson & Co...
Jan
13
26
„
50
Feb
11%
Com¬
....
Margay Oil Corp———
Marion Steam Shovel.
—
44
Jan
il3A
100
Marine
12%
Jan
10
International
Co Ltd..
13%
Jan
Jan
2
Feb
11%
1%
7%
1%
6
•
—•
•
•
Consolidated Mfg Co..
Jan
4%
Jan
20
optional warrants——
munication
Jan
30
Jan
3%
23
50
Mangel Stores
*
—...1
$5 convertible preferred—
....*
Manischewitz (The Bj Co.———•
1%
Feb
40
Jan
5%
Jan
22%; Feb
1% Jan
2
1
•
Jan
2%
10%
10%
450
5
6,600
Jan
v 1,075
1,600
5
common*
Jan
1%
.29% Jan
27%
5,800
6%
28
Feb
Feb
25
xV/Jari.
5,300
28,000
Jan
*$: •';> W—
5%
Feb
Feb
25
18%
Jan
7,000
200
25
200
47
10
Jan
500
193/4
100
12%- Feb
23
100
5
•
Jan
500
5%
400
•'
Class
Steel Chain
Island Lighting common
7% preferred class !A.
6% preferred class :B_„
Louisiana Land & Exploration
Louisiana Power & Light $6 pfd
Feb
•
•
5%
___.*
.*
_5
10
Long
Jan
20a
Feb
110
Jan
9%
21
—
Lit Brothers, common——..
Jan
3%
'J./: "wi
Jan
8
;
—
iO
Inc 6% preferred—25
(Thos J)
1,400
111%
.
Feb
'-S
,
1
preferred
———
10%
•<
6%
Feb
Feb
66
2%
Co.——————..^—*5
Line Material
Feb
6%
♦
Jan
65
Feb
6%
Jan
56
30%
3%
•
•
56
53%
A—*
'ClassB—————.—*
Lefcourt Realty common
1
Convertible preferred———.*;
Leonard Oil Development———25Le Tourneau (R G) Inc.——..——1
150
•/:.
•
see
Jan
40
;
134% 134%
____
Co
For footnotes
Wells Co common
Loblaw
50
preferred
Bryant 7%
Lane
85
1
1
•
5
Huyler's common
1st preferred
Lane
"9%
5
•
5
•
Inc
Hubbell
Humble
Feb
17%
2%
4%
100
—.1
(N J)
RR
500
-
100
preferred
10%
Jan
66
100
preferred
Feb
10%
Jan
800
6%
50
common
Lackawanna
31%
■
Co
Kreuger
68
M——5:
Inc
111%
Special preferred—....10
Brewing Co
1
Jan
40
%
■
Holophane
Jan
(S H)
66
—25c
*
Class A——.*_*.—,..————„W*.*
Heller Co common...
..——2
Preferred
25
Henry Holt & Co participating A
•
Hewitt Rubber common
5
Heyden Chemical common—....2.50
Hoe (R) & Co class A
10
Horder's
convertible 1st
Kress
30%
Rubinstein
Hollinger Consolidated G
Jan
9%
'
•
Feb
12%
104
Jan
104
Mining Co..—..
Hecia
Helena
121%
9%
111% 111%
14%
preferred..*—100
Kresge Dept Stores—,;
Feb
124
70
14%
—1
—
Inc*.——....—-X
Lakey Foundry & Machine
Lamson Corp of Delaware
153/4
9
1,300
.....5
—
Jan
18%
350
—
*
Lake Shore Mines
Jan
37%
500
—
—_————
Jan
Jan
14%
122% 122
preferred—100
Jan
Feb
14%
10
25
trust ctfs—1
1
non-vot com__l
Dept Stores common,
Hearn
6%
Co..
America B
Hazeltine Corp
■
voting
Rayon
Brewing
Jan
101
Jan
11
Jan
6,500
Lamp Co.....———————.8
Hamilton Bridge Co Ltd————*
Hartford Electric Light
Stores
Koppers Co 6%
105 %'Feb
Jan
15%
Hall
Hartford
Jan
96
Jan
Feb
45
112%
Feb
"9
100
12%
preferred—*
Gypsum Lime & Alabastine
•
Paper
1% Jan
Jan
$6
Hammermill
89
Feb
18
Langendorf United Bakeries class
•
stock
common
Feb
92
Feb
104
preferred
6% Jan
2% Jan
—
Inc—*—*——-——5
Kobacker
Feb
Jan
15
& Pacific Tea—
Jan
87%
Knott Corp common.—
4%
Feb
12%
100
Great Northern Paper
25
Greenfield Tap & Die
*
Grocery Stores Products common—25c
Gulf States Utilities $5.50 pfd
*
1st
7%
Feb
**1%
10%
5
Co
Atlantic
Feb
76
100% "Jan
—10
.1
common
85
•
400
44%
preferred———.——*
$3.
Jan
1%
9%
1
50
*
Gorham Inc class A
•:
Jan
Jan
37%
Mines
Feb
117
Jan
79%
—* :
preferred——.——.—*
Goldfield
16%
Jan
1%
class A.
33/4
Jan
100
92% ,92%!
100% 100%'
•
Kimberly-Clark 6 r/o pfd*——.——100
Key Co common
..—I
*
Kings Co Lighting 7% pfd B——100
5 v/o preferred D
—100
Kingston
Products
1
Kir by
Petroleum
1
Kirkland Lake G M Co Ltd
;1
Klein (D Emil) Co common.
•
Kleinert (I B) Rubber Co
....
^10
~
•
1
•
1
B_
Class
8%
Feb
Jan
74
Co———*
,Coai—'
Godchaux Sugars
Feb
—
Gladding McBean &
Glen Aldeu
33/4
'
..—...*
———•:
Preferred
Jan
Feb
79%
•
Gilchrist
■:
'•
'
12%
:
Jan
115
50
116
.*
common
Feb
14%
500
16%
X15%
116
(A C)
Gilbert
Feb
1
8
'
preferred
$5
Jan
3
3%
400
3%
3%
•
•
preferred
73
12%
preferred—..,
S3
Georgia Power $6
Feb
Jan
IS Jan
100
Gen Electric Co
Rayon
Jan
8
..
1%
700
2%
1
General
General
Feb
70%
2%
'
common
Jan
Feb
5
Jan
Kansas Gas & Elec 7%
preferred—.100
5%
Feb
2'/8
--
*
Ken-Rad Tube & Lamp A
Gellman Mfg Co
Jan
1%
92%
——100
Co————————*
i—
preferred—
7%
Kennedy's
Gatlneau
Feb
8
Jan
'
—
Jan
19%
■■
Jan
10% Jan
■
mva
3%
Co———-1
Feb
38
«*A.'
12'A Jan
9% 10% :
:
Jan
1 '/e
—
L) CO J.—i————J!6%"
Jeannette Glass Co—
•
11
250
Jan
3
Aircraft Engine
Jacobs
2
200
17
-
*
'
"3
..
"3%
Feb
46
11
1
Jan
28
Jacobs ' \F
—
3
Feb
Jan
A
.
'r-
Jan
21%
.
/Interstate Power $7 preferred...10
Investors
Royalty—i*—
—
-3 .
v
Iron Fireman Mfg voting trust ctfs—•
19%
Irving Air Chute
1 '
8 ;
Italian Superpower A
*
1%
Jan
20%
4%
—
3 Va
—*
Interstate
Jan
Jan
8%
■
I9
I9
'%
%-
preferred—
Home Equipment.——1
Hosiery-Mills——.—*
Interstate
Jan
19%
4%, Feb
4%
19% x20%
—
--
$3.50' prior
Feb
8%
15
8%
2%
-1
Inst Co—
Feb
19
18%
-17.%; 17%
7% 7%
MA 1A
19
B—.—
Feb
83/4
'•'::$1.75:preferred——.**w.—*—-—-*'• y~Pairchild Camera &
Fairchild Engine &
Falstaff Brewing
Feb
3%
15%
8%
7%
17%
—'
coupon
International Safety Razor "B—*
International Utility class A
•
Class
Feb
—
—
—
International Petroleum
Jan
16 3/4
.
—
International,Minerals and Chemicals-
>'• Registered-
20%
18%
Jan
84
9%
3%
9%
3%
9%
1
A.—*
Jan
31
__
—
50
series
$3.50
Industries Inc
International Metal Industries
Jan
31%
.
Jan
1%
80%
79%
Feb
70
28 %
28%
80%
Feb
66%
70
28%
10
Cigar Machine.——-•
Feb
Jan
110
—
of North America
International
44
—
Co
103%
*9/
115
43
common—.——**
Eureka Pipe Line common
Jan
30
114
Inc————.—5/«
Esquire
7%
Feb
22%
66%
59
International Hydro Electric—
Feb
9%
Equipment———8
Equity Corp comhion..———-100
$3 convertible preferred
1
Emsco
56
—
preferred————.100
industrial Finance v t c common
1
7%
preferred
—
100
~8%
,
9
__
Power
Derrick &
Empire
62
Jan
Jan
Jan
10
108% 108%
..
83%
12/4
22%
: —22%
£1X
—*.—.—
88%
..
-
—
93
•
pfd—100
participating stock
•
—
Jan
5 3/4
12%
11% 11%
11% 11%
10
10
11%
89%
12:
k
High
Low
...
Indianapolis P & L 5%% preferred.IOO
Indiana Service 6% preferred
100
Feb
8
--4
Electric Mfg
District Electric 6%
Am dep rets regis———£1
Imperial Oil (Can) coupon——*
Registered ....
..
...
Imperial Tobacco of Canada—.5
Imperial Tobacco of Great Britain &
91%
59
15
National Watch Co—
Emerson
Jan
Range since January 1
Shares
:
88%
warrants———————
Electrographlc Corp——.—
—-*
Empire
6
5> Jan
Option
Elgin
44% Jan
Jan
35%
44%
~i% ~9%
9%
°9 A
93
*
Light 2d pfd A—*
Jan
33%
5%
--
preferred-.———.—.-——*
33%
40%
43%
43 /a
.
40%
36%
•
for Week
Chemical Industries—
Imperial
Jan
1
Feb
U
n
Va
Par
High
Low
Sale* v.,.-;
v
of Prices
Low High
Sale Price
Week Ended Feb.
1
Range since January
Shares
Last
Curb Exchange
25
New York
High
Low
Eastern
$7
for Week
of Prices
Sale Price-
Week Ended
Week's
Range
X
Friday
yy;>::y'
'
Week's
Range
Friday
STOCKS
STOCKS
Sales
Co common.—
•
—
;2Va
1
8%
16%
2%
Jan
9%
Feb
21
Feb
ir Feb
26 3A
Feb
Jan
2%
Jan
8%
Jan
8%
15%
Jan
1%
8'A
17
17
Jan
Jan
Jan
Feb
2%
Hi .Jan
MS
Jan
Feb
•56%
Jan
2%
2%
.
-54%--:. -53 X- 54%
Jan
24% '.Jan
.—
—
Jan
9
20
v-yk' y-y.Lyyyy'21y •• 21 f
25%
- 25% 26
9%
2%
10 Vi Jan
53
Volume
159
Number 4259
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW YORK CURB EXCHANGE
STOCKS
New
York
Curb
Week's
Friday
s.
La9t
Exchange
Week Ended Feb.
25
Sales
of Prices
par
tow
STOCKS
for Week
Range
ale Price
New
Shares
:
Range since January 1
High
Low
'i M
Missouri Public Service
Mock Jud
Voehringer
Molybuenum Corp..
8ft
—1
Jan
100
19%
1
common..
19 ft
Jan
Jan
8'ft
Jan
Phoenix
Jan
15ft
Jan
114
3%
1
2%
k 1#/»
10
1%
•
2%
7,900
1%
400
168
18%
172
18%
280
18%
3%
J an
1%
168
Jan
173
Jan
28 ft
Feb
28%
50
Jan
18%
30ft
9ft
"l%
600
lft
Jan
1%
5%
5%
700
5%
Jan
6
Jan
18 ft
100
18
18
Feb
Jan
Feb
19
128 ft
Jan
131
IOO
13%
Jan
2ft
12 ft
12 ft
100
lift
Jan
6'ft
Jan
——•
,9
9
300
—100
preferred
75
75
10
64
•
Jan
15ft
Powdrell
9ft Feb
75
Pressed
Inc
National
Bellas
National
7ft
Hess
Breweries
preferred
common
1,
City Lines
i
Mfg & Stores
Refining
12ft
11%
•
30
Jan
Jan
35
Jan
Jan
40%
Feb
Feb
13
58
lift
Jan
12
Jan
4ft
Jan
4,000
—
—
11
10
Jan
11%
10%
Jan
lift
13 ft
13
Jan
13
19
18%
Feb
20
10
Union
8%
8%
8%
12%
11%
Jan
*
lft
1 ft
lft Feb
30c
Radio
4ft
4%
Nehi Corp 1st pfd
Nelson
(Herman)
28 ft
28'A
3 ft Jan
26
Jan
112
*
Corp
Neptune Meter class A
7ft
*
8%
•
England Power Associates
common
5%
New
Haven
Clock
Co..
53
105 ft
Auction
Jan
Co
common
N
Y
N
Y
18%
1st
56 ft
Jan
58'/a
Feb
19%
Feb
106%
Jan
Jan
9 ft
Jan
8%
23 ft
114 ft-
Nipissing
Noma
Class
B
115ft
16 ft
10
65
North
Central
Penn
RR
Nor Indiana
7ft
68
22,200
2%
69
2%
*
Texas
n%
11%
83 ft
•
-
32*
4,000
32
112ft
Jan
Public Service
1st
7ft
1st
pfd
Jan
105 ft
Oklahoma Natural Gas
Jan
9ft
1%
Jan
6ft
1,700
4ft
Jan
%
%
7,700
ft
12
Jan
575
.
103
Jan
30 ft
Jan
Jan
30
Jan
% Jan
100
4%8
6,000
7
20
104
114
20
114
10 ft
.
114
11%
19,900
25%
25
200
4ft
9%
Jan
Jan
87
Jan
Jan
106
Jan
Feb
7ft
114
Feb
Jan
11%
Feb
Jan
25%
Feb
3%
Jan
18ft
Jan
110ft in ft
109
112 ft 112%
112ft
117% 118
4%
Jan
•
23
4%
Jan
Jan
87
105% 105%
% Feb
'
4%
20
Feb
Feb
Jan
112ft
Feb
Jan
114
Jan
Feb
115
Jan
118
108
Jan
112Feb
5ft
Feb
5ft
18% Jan
21ft
Jan
54ft
54
Jan
55
Jan
Jan
113
Jan
•
111 ft 111%
110ft
Pacific Power & Light
Public
$1.30
14
14
25
36ft
36'ft
35
25
33
33
32% Jan
38
Jan
7
Jan
8
Jan
7%
Feb
8
Jan
114 ft
Jan
114%
J~an
13
12%
13ft
28,500
10 ft
Jan
13 ft
99 A
99%
150
93 ft
Jan
99%
Feb
500
11%
Jan
13
Feb
12%
Feb
10
Feb
pfd
Page-Hersey Tubes
13
Stix
Motors
Parker Pen
$2.80 series preferred
Gas & Elec class A
Penn
Penn
$6
Penn
•..11
—
9%
9.«
Traffic
Penn
Co„
Mfg
Philadelphia
see
page
5%.
*
865.
,•
72
72%
320
75
153
153'A
120
154
1%
130
Cable
Petroleum
'"
9%
.
?
convertible preferred.
Consolidated
*
4§
Jan
Feb
16 ft
16 ft
16%
300
15%
Jan
17
Jan
25ft
24«/4
26 ft
3,700
12%
Jan
30 ft
Jan
2%
Jan
"4%
"4%
"4
13
12%
-1%':' Jan
14,500
600
13
21%
Feb
23%
Feb
-lift
"
•
Jan
12 ft
Feb
Jan
4ft
V/:
ft
5,000
%
2,900
41
Feb
600
3ft
11
Jan
Feb
Jan
13%
■■
106 ft
1
Jan
Jan
Feb
107
Feb
15%
15%
15%
Feb
15% Feb
11%
11%
10%
Jan
11%
Feb
2%
2%
2ft
Feb
2%
Jan
5ft
5%
5ft
Jan
6'ft
Jan
20
*
18'ft
18 ft
17ft
Jan
18 3ft
Feb
ft 18
Jan
8
Jan
1
*
3%
3%
ft "ft'ft
Jan
5ft
5%
5'ft
Jan
1
Regis
1%
2
2ft
Feb
—
Mining
Denn
pfd series AAA
cum
Sherwin-Williams of
Co
—
—1
1
*
5
4%
5%
Paper common
convertible
Simplicity
5%
675
9'ft
8%
9%
3%
3'ft
33ft
600
2
2
*146
5,100
300
8%
2ft
preferred
Pattern common
Jan
Jan
Soss
Jan
25
Feb
South Coast Corp
Jan:
17%
Jan
South
Jan
38
ft Feb
Feb
9%
Jan
1%
4ft
Jan
Feb
Feb
37
2ft
Feb
Feb
Jan
2ft
16%
100
2%
8,600
425
1%
Jan
2%
Feb
50%
Jan
61ft
Feb
600
27 ft
Jan
31
Feb
24
16%
2ft
Feb
26
Jan
72
Jan
11
Feb
58'ft
59
30
59
30%
14
16%
Jan;
Jan
'
69
210
11
2.400
3
1,000
3
100
42
Feb
Feb
10,600
Jan
1,300
l'ft
7%
lft
7'ft
Jan
16 'ft
;
—
Feb
l'ft
Jan
850
8
Jan
100
74
Feb
1,100
{g
7
•73
50
%
—
.
«
Jan
ft
Feb
12
Feb
Jan
4ft
Feb
7
Jan
73ft
Jan
2%
Feb
2%
Jan
3%
—
2'ft
ft 12ft
*
91 ft
Jan
13%
Jan
Feb
95ft
115%
Jan
114
12
'•
Feb
12
Feb
13%
—*
Feb
Feb
16
Jan
26
Jan
'■
Jan
26
2ft
256
259
Feb
50
259
234
Jan
Jan
2'ft
275
Jan
Jan
Feb
35
5%
156ft
Feb
Jan
32
25
100
—•
1
100
Jan
Jan
4ft
72,300
151ft 156'ft
155 'ft
Canada————.*
common—.
Sonotone
Jan
94 ft
33 ft
-
Jan
5%
Jan
65 ft
•,
t!
Jan
Jan
Jan
-
lfy Feb
101
:
96 ft
Jan
Feb
Jan
xl65
Feb
Jan
67
Feb
Jan
Jan
; 7 "■
Jan
7%
Feb
9ft
Jan
9%
Feb
.
:
x40 Via
5
-5
Petroleum
Jan
33,
9
Feb
2ft
Fifth Ave
9
125".
9va
Jan
X40 Va
x40 ft x40ft
1
Feb
64 ft
7 A
Feb
i7«
50
••':
'•M-w
%
Co
Manufacturing Co—
Feb
fa7
7/8
Jan
14%
*
—
Solar
Jan
--
.-.7%
1%
Jan
"
1
Inc
Corp common
Feb
162ft
130
Feb
12%
Jan
81
Jan
:•
™
66,2
130
13 8
400
105 ft
Feb
90
xl65
5,800
14%
106ft 106'ft
Aircraft
% Jan
xl65
lft
13%
pfd D—.100
Solar
4%
--
Jan
%
Jan
Jan
Jan
31%
100 A 100 A
Jan
3%
19
108
104
Y.;V-y6-
64% Jan
100 ft
Jart
;
10'ft
Jan
Feb
Jan
7,900
•
1
Jan
Feb
Singer Manufacturing
Jan
100
33
5V8
.
———*
——
Feb
Singer Manufacturing
; —:
Co common
footnotes
5ft
—*•/:
Perfect Circle Co.
Pharis Tire & Rubber.;
For
•
100
Jan
ft
Jan
Jan
343/4
31%
;
xl65
Co
;
2%
32.
50
Water & Power Co
Pepperell
•.
8 ft
500
ie;%
——.2,50
Penn
;
1,600
Feb
5
—•
—
500
%
33
81
—;
Co
10
2%
36 ft
19
preferred
Mfg
Feb
*y.
—
com
Bower & Light $7 preferred
Salt
14
Jan
96 ft
...10
Parkersburg Rig & Reel
1
Patchogue Plymouth Mills
•
Peninsular Telephone common
•
$1.40 preferred A——
-.—25
Pennroad Corp common———1
Pennsylvania Edison Co $5 series pfd.*
13
%
Co—
Co Ltd-—
Amer dep rets ord legis
Sioux Citv Gas & Elec 1%
pfd
Smith <Howard) Paper Mills
Y
1
Co
Jan
106%
103
•
Corp
99 ft
12 ft
5
Valley Gas Co v t c
24'
103
*
Pantepcc Oil of Venezuela Am shs
Paramount
Feb
'
Goods
Dry
8
107ft 107ft
100
common:.—
%
■
——
7%
*
—
Feb
200
2%
$3
*
7ft
preferred
Jan
Feb
6%
1
5%
Service.:—....———*
1st
1
44
Jan
1,100
Simmons-Boardman Publications—
Pacific
Jan
Jan
6ft
1
Silex
Lighting $5 preferred
43
400
7%
*
Aviation
Shattuck
*
Pacific
2,000
6%
.
*
Engineering
Shawinig'in Water & Power
Sherwin-Williams common
1
Gas & Elec 6ft 1st
pfd
5ftft 1st preferred—
Jan
Feb
7%
*
Co
Seton Leather common.—
—1
Pacific
29
•
Sentry Safety Control.
Serrick Corp class B
Feb
21ft
Pacific Can Co common
Jan
43
Ltd——————•
——50
5
7 %
preferred
..100
Salt Dome Oil Co
1
Samson United Corp common
1
Sanford Mills
•
Savoy Oil Co.
——„
..5'
Schiff Co common
•
Schulte (D A) common
—1
Convertible preferred
25
Scovill Manufacturing
...25
Scranton Electric $6 preferred—..*
Scranton Lace
common
•
Scranton Spring Brook Water Service—
$6 preferred.
*
Scullin Steel Co common
*
Securities Corp General
1
Seeman Bros Inc
*
Segal Lock & Hardware
1
Seiberling Rubber common
*
Selby Shoe Co...——
—-—*
Selected Industries Inc common
1
Convertible stock
5
$5.50 prior stock
25
Allotment certificates
Jan
54ft
Securities
Jan
s
Class A $2 conv pref
if Feb
—*
Overseas
%'
■
6%
—
2%
St
Jan
21%
—
Feb
6
St Lawrence Corp
Jan
15
Omar Inc.
6%
Jan
26 ft
100
100
Ryerspn & Haynes common
Feb
—.50
common
prior preferred—
Oliver United Filters B
conv
13
29
23%
Ryan
2{j| Jan
5%
Y;
v
5
preferred
lift
Jan
Feb
Jan
28
100
—100
common—
Jan
5%
Feb
Jan
28ft
ICO
preferred—
Oilstocks Ltd
3 ft
'
^
,
Jan
Jan
6
j
10%
900
112ft 114
4
preferred
29
29
—-1
•
Ryan Aeronautical Co
Jan
ft
Jan
"
2ft
V.
%
B common...—*
$6.preferied——
*
Power 4 ft ft
Feb
5ft
2%
Russeks
Jan
5ft
1%
*
...
Feb
"
10%
300
„
'[
22%
$1.20
Jan
77
538
12
.2
25
Corp
2
100
Royalite Oil Co Ltd
Jan
9ft
100
common
Brass
Edison
$5 ft
3%
Feb
Co class
$3
Jan
Feb
50
Ohio
6 ft
75
Jan
74 ft
105
pfd.100
preferred
1,500
Feb
Feb
15
14
/
2%
Rome
Jan
66 ft
5%
......—1
Co
Ogden Corp
Ohio
111
1/64 Jan
5%
5
Public Service 6ft
Novadel-Agene
Ohio
Jan
80
•
Oil
.
11 ft
—y:;'
23%
Vb Feb
325
•
Northern States Power class A
•Ohio
16
Feb
64
-
~5%
——.3
Power common—1
Jan
109 ft
50
3
13
*
Northern
lift
10
Roosevelt Field Inc.—
...50
Northeast Airlines
2%
*
Root
600
,
76 ft
Utility Securities
4
Jan
Feb
*
Roeser & Pendleton
Jan
68
common—
American
2%
--
10
—
Rochester Gas & Elec 6%
Jan
104ft
76
prior preferred
6ft
North
Jan
Jan
69
Rayon class A
Jan
14ft
Rio Grande
Feb
11%
Jan
3
1
North American
25
Jan
102
109 ft 109%
*
North Amer Light &
$6 preferred
Jan :
——J
Mines——
27ft
1
Feb
112%
76
Electric
3ft
600
Feb
Feb
Oil Corp. warrants
Richmond Radiator—.————
Jan
9ft
21ft
100
v
3%
7ft Jan,
25
100
preferred
—
Co
Roller Bit
Rice
114ft 114ft
15
10
Niles-Bement-Pond
'
o'V. ■!
15
61%
12
102%
13%
Richfield
9ft
100
Nineteen Hundred Corp B
Jan
100
—
Power
Republic
103 % 104
Class B optional
warrants———
Niagara Share class B common
.5
A
Jan
of Colorado—
Reliance Electric &
11%
1
preferred
Jan
11
„
14%
Reed
1,500
•
common
55%
95
1,500
•
15
Red Bank Oil Co
2,400
3%
24 ft
preferred—100
2d preferred———
Class A optional warrants.—
Class
Feb
200
3ft
100
5ft
5ft
5%
Jan
10
.
Niagara Hudson Power
Feb
3% Jan
10
shares
830
:
■
,
Radio-Keith-Orpheum option warrants.
Railway & Light Securities
<
Voting common
—10
Railway & Utility Investment A
1
Rath Packing Co. common
10
Raymond Concrete Pile common
•
$3 convertible preferred
•
Raytheon Manufacturing common„50o
Feb
9
6%
55%
Y State Electric & Gas $5.10
pfd.100
Y Water Service 6% pfd
N
N
7%
105 ft
Shipbuilding Corp—
Founders
Jan
Feb
8ft
3ft
-
.
N Y Power & Light 1%
$6 preferred
Jan
47 ft
56 ft
City Omnibus warrants
Honduras Rosario
Merchandise
61%
•
100 ft 101 ft
Jan
Feb
•
&
Jan
——
Jan
3
*
Y
Y
Y
28 ft
114
Jan
5%
58 ft
18%
1
N
40%
Jan
6%
7ft
8%
25
N
4%
Feb
' 5%
105 ft 105 ft
—•
N
Jan
Jan
lft Jan
?
18
.—•
New Mexico & Arizona Land
New Process Co common
Quebec
Feb
87ft
9
7ft
"4%
58%
100
New Idea Inc
common—;;
New Jersey Zinc.
Jan
40%
60 ft
"•••' "■
1
Quaker Oats common
6%
preferred..
8% Feb
'
100
England Tel & Tel
8ft
•
;
America
Pyrene Manufacturing
Jan
Feb
6%
preferred———————•
New
Jan
Jan
4% Jan
•
Nestle Le Mar Co class A
ft
12%
Feb
87 ft
5
preferred—.—.
11%
Jan
12ft
Mines—
7.
Jan
18%
300
7%
Feb
ft
Jan
13 ft
*
2
5
$5 prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Jan
*
preferred
&
4%
Jan
.
'
1st preferred
Common
Feb
1%
100ft
*
1% 1st preferred
Puget Sound Power & Light—
Jan
Jan
10%
11
Navarro Oil Co.——
•'
Nebraska Power 7%
preferred.—100
$2
Feb
6%
17ft
600
Gas.——'•
Public Service
Jan
12
700
11%
__
1%
50
12ft
__
11%
Feb
35
•
—
17
35
12.50
National Tunnel
6%
28
'
-V ir
150
40%
'
_*
National Transit
New
Jan
•
common..
Sugar Refining
National
12 ft
•
common
5ft %
lft
—
40
—50
National Rubber
Machinery
National Steel Car Ltd
National Tea
40
—50c
$J convertible preferred
National Fuel Gas
Jan
*te:'
•
_
common
14%
5,100
1%
>;
National
National
1%
•
common
Candy Co.
National
1%
300
17
17
_
National
National
17
—...
Jan
8
1
—
Prosperity Co class B—
Providence
•
—
12ft
3,100
•!
10
Producers Corp of Nevada
•
Nachman Corp
26
m
25c
of
Jan
Ijtf
common—*.———5
Metals
Jan
22%
15%
24%
J ":v
7.50
Alexander
Prentice-Hall
Feb
Jan
7%
15%
61
Co————•
Premier Gold Mining——————1
:13ft Jan
x
&
33ft
Feb
1.000
'
25
—i
High
Jan
6ft
100
7
23%
8
50
Power Corp of Canada
Pratt & Lambert
Feb
Low
32
24%
——10
Potrero> Sugar
Feb
15 ft
129 ft 129 ft
6%
••
.—50
common
Range since January i
ttiah
—
—•
Polaris Mining Co
Jam
30
15 ft
129 ft
7
1
Meter
Metallurgical
Pneumatic Scale
Shares
kWV .-'
•
Plate Glass
Pleasant. Valley Wine Co
Plough Inc common
Feb
*
100
Murray Ohio Mfg Co..
Muskegon Piston Ring
Muskogee Co commons
Pittsburgh
Pittsburgh
Jan
"5%
Postage
for Week
Low
1
common
Pitts Bess & L E BR...—
Pittsburgh & Lake Erie
Jan
9
•
Mountain States Tel & Tel
Pitney-Bowes
7% Feb
Feb
16'/e
Securities
Sales
Range
of Prices
-25
Governor common—
Pioneer Gold Mines Ltd
Feb
28%
10
common
19%
'
~1%
•
5c
pfd—
Phillips Packing Co—4—...——.—*
Jan
Feb
50
Feb
10
1% Feb
.7%, Feb
—
Mountain City Copper common
Mountain Producers—...
Power
Jan
^Mjf;
^
.<•
168
Mtge Bank of Col Am shs
15%
•
•
——•
Feb
1,400
3%
8%
Week's
Last
Sale Price
Pierce
14
800
19%
Phlla Electric Power 5%
ft
8
400
9
Friday
Exchange
Feb. 25
Par
Feb
109 ft
100
15 ft
8%
*
Montreal Light Heat & Power.
Moody investors partic pfd
6%
97 ft
rmv^io
8ft
:
15 ft
Montgomery Ward A—
States
8 ft
60
'
Monroe Loan Society A.—;
Montana Dakota Utilities..
Mountain
99 ft 100
2.50
common
Monarch Machine Tool
Monogram Pictures
"
112 ft 112ft
•
common
.
Curb
High
'
Minnesota Pwr & Light 7 % pfd—100
Mississippi River Power 6 % pfd.—100
York
Week Ended
130ft
33
Jan
Jan
Co
Manufacturing common
Penn
£1
common
Oil
'
'
■
1
1
1
1
25
Pa Pipe Line—....
10
California Edison—
original preferred
—25
6% preferred B
;
25
5 ft % preferred series C—i25
Southern Colorado Power class A—25
7% preferred
100
Southern New England Telephone..100
Southern
Phosphate Co
—.10
Southern Pipe Line
10
Southland Royalty Co
5
Spalding (AG) & Bros
1
1st preferred
....•
Spanish & General Corp—
Amer dep rets crd bearer——.
108
.
100
—*
1
Corp
2%
Feb
Jan
3'ft
111
Jan
Jan
13 ft
4%
200
2 ft
2 'ft
2%
13,500
Y
13'ft
3ft
3%
Jan
5 ft
Jan
2ft
500
4%
—
3ft
Jan
Feb
CK2%
Jan
4ft
3 ft
3'ft
Feb
2%
__
Jan
4ft
Jan
Feb
Jan
2ft
43
Southwest
43 ft
500
30
43 ft
30
100
Jan
3ft
Jan
42%
Feb
44'ft
Jan
Jan
30
30
Jan
Feb
43ft
Jan
Jan
Southern
40
.5%
Amer dep rets
ord regis
31ft
lft
1%
800
72 ft
74%
50
100
'
Jan
32'ft
29'A
Jan
31ft
1 ft
Jan
1%
Feb
67
Jan
74%
Feb
Jan
'
'
v'
—
—
—
.
30 ft
130
31V4
1%
743ft
Y
——
__
—
8%
8%
200
10'A
ft
10 ft
1,000
6'/8
600
6
—
.
/ff
,5a
Jan
•
i
__
130
Feb
TV
lf6
16
%
.
•
■:
100
1,100
8%
Jan
8%
Feb
9%
Jan
10%
Jan
6%
Jan
6
Jan
40
Jan
45
Jan
1*
Feb
ft Feb
-ts
Jan
ft
Feb
EXCHANGE
NEW YORK CURB
'
,
v
—*
Spencer Shoe Corp
Stahi-Meyer Inc
3% Jan
2% Jan
800
Standard Oil (Ky>—----Standard Oil (Ohio)—5% pfd
Standard Power & Light
Common class
Preferred
2%
Feb
Willson
Jan
19
Feb
Jan
%
Jan
112
Feb
fV
%
Jan
34
Jan
Woodley Petroleum
Woolworth (F W) Ltd
Jan
a5a
Jan
1%
1%
300
1%
Jan
1%
1,000
iS
Feb
1%
13%
Jan
"5%
"5%
5%
43%
43%
r-~'.
Jan
12
'
•;
Jan
12
Jan
Jan
10%
Feb
200
9
4%
300
3%
Jan
4%; Feb
1%
1%
.400
1%
Jan
2%
9%
9%
225
8V2
Jan
9%
Feb
%
Jan
%
Jan
'
'
'•••
.
3%s
Feb
Shovtl Co
800
23%
1,400
12%
Tobacco Security
114% 115
114%
Jan
Amer
Todd Shipyards
Tri-Continental
6%
Jan
Bethlehem
1
Jan
Jan
7%
900
1%
200
*
~4%
"3%
"l%
58
Feb
10
114
108
Jan
109%
114
Feb
115
Jan
1,400
3%
300
18%
Jan
%
400
4
~6%
6%
Jan
600
Conv
10%
Jan
4
Feb
400
2%
Jan
6%
3,900
7%
Feb
6 %
200
X
5%
"9%
9%
X8%
x8%
6%. Feb
..*
;•
10c
_i*
8
2,200
88 %
32
2%
2%
117 Va
Z 88% Feb
%
%
1/2
V'o
% Jan
4,100
118
Feb
fa
a'i! Jan
Feb
2% Jan
xll6% Feb
% Jan
14,800
1,200
1,500
117'
-
Jari
1%
Feb
16
16
„„
Option, warrants.——.*
United I.ight & Power common A
•
Common class B
——.—
—*
$6 1st- preferred—
.«
———•
Jan
80 % Jan
1,000
32
2%
•
16% Jan
61
Jan
Jan
1 % Feb
16,800
450
1%
1%
84
Feb
Jan
59
J_
warrants
2%
Feb
121%
Jan
United N
rets ord
Profit Sharing—
United
preferred
10%
United
Shoe
Machinery
U
Rubber
S
Wall
United
Paper
Consolidated Oil
Universal
Universal Cooler class A
B
Class
Universal
Pictures
common
:
%
Venezuelan
—;
2%
Vogt
Waco
Aircraft
Wagner Baking voting trust ctfs
7%
&
Bond class A
Mills
West
Texas
Va
~2%
"2%
21%
21%
21%
2,800
Coke
&
Vv'esiern
Air Lines
Western
Grocer
Inc
Co
Maryland Ry 7%
Western Tablet &
Westmoreland
ZZZ
-
com
2%
800
59%
.
footnotes
see
page
865.
1%. Jan
'.
'
,
Jan
%■ Jan
•.
2%
Feb
12
7%
2%
;
Jan
Jan
Jan
21
Feb
18%
Jan
21%
18
Jan-
22
Feb
20%
Jan'
22% Feb
2%
.Jan
Jan
51%
Jan
.
3 Va
61
,
Feb
4%
Jan
4
~1% ~1%
75%
75
lVa
1%
29
1%
Feb
1%
Jan
Jan
76%
Feb
74%
m
1,500
30%
Jan.. y
1%
200
75%
75%
170
9%
9%
8Va
1.000
105
8
—■
300 ;;
i
.
3 Va
7%
Feb
14%
f
Jan
Va
Feb
Feb
Empire
Federal
50-
15%
1
-:_Z
-
15
3%
4
3% •Feb
8%
Feb
15%' Jan
Jan
115%
*15014 170
5s„^
Jan
Jan
4
110%
Feb
7%
Feb
7%
Jan
9%
Feb
106
Feb
•
.
84
Jan
19
100
581
37
42%
49
100
100%
55':
.
74%
73%
42%
3614
277
100 Va
79
73%
101% 104
;
,
I
103
103
••■
*104Va 107%
100
100
r
100
99% 101
1
.
100
98%
178
99% 100
99%
> 97%
99%
99%
99 Va
99%
99%
99%
99%
3
98%
100% 100%
51
100 >/a
100%
100%
101
100%
J-D
*118
120
110
ZZ: '--?
110
*106:
J-J
';
-v.'V'
J-D
99
94 Va
6
90%
104
104 Va
16
103%
94
94%
148
9314
102%
102% 102%
49
102 %
103
123%
123% 123%
1
123 %
123%
103% 103 %
%
3
102%
106 %
103% 103%
7
103%
106
?—'Z::
.98%
96
104%
95::
£
60%
105
98%
97%
103%
104
63
100
101% 102
U 02% 103
99%
99%
'99%
98%
100 % IOOV'4
100
103
101% 101%
101
103
109%
108%
108%
105% 105%
103%
105%
no8%
105%
98
99%
64%
66%
101
65%
65%
65%
98
98
*95
110
110
102
104 Via
106
102
103.
wk
1109 % 110%
U04% 104%
*103
A-0
.
101%
104 %
97%
98%
1103% 105
A-O
A-0
J-D
M-S
M-U
J-J
F-A
3
104% 104%
J-D
•
:
58
*60
'■
104%
J-D
.
116
,
F-A
..i,
J-J
116
99 ;V
M-S
J-J
1963
122%
122
87
M-S
M-S
106%
15
M-S
1941
1950
1950
110%
105 %
102% 103%
123%
94 Va
Af-N
A-0,.
J-J
J-D
J-D
109
v,'
■
100% 101%
113
J-D
,
7,
100
1Z--/ZZ
f".
1
X
106%
*122
101V2
F-A
J-D
■
*103% 104
—
A-O
-
32
100 '/4 100%
100%
;>'
Af-N
107%
107
107%
105%
105%
105% 105%
105%
104
104
99%
104%:
104
:
10D
102%
100%
100%
93
109
107%
109
27
U-N
104 Va
%
93
99%
98%
98%
106%
102%
*102% 104
99
100%
International Power Sec—
1955
.1955
A7s series E—.1957
A7s TAug 1941 coupon)——1957
A 7s
series F
—....1952
A7s (July 1941 coupon)..—1952
Interstate Power. 5s——1957
Debenture
6s„
.———1952
Altallan Superpower 6s
1963
Jersey Cent Pow & Lt 3%s.——1965
Kansas Electric Power 3%s
^^..1966
Kansas Gas & Electric 6s.—.
.2022,
Kansas Power fy Light 3%s
1969
series
A6V2S
A6%s
Feb
19%
Feb
23
Jan
24
Feb
J-O
C
(Dec
1
1941
27
Kentucky Utilities 4s
Dist Pow 3%s
Louisiana Pow & Lt 5s
McCord Radiator & Mfg—
6s stamped
Mengel Co conv 4%s._
;
Metropolitan Edison 4s E
Lake Superior
6,%s
Gas Light
4%s
&
ref
5s
Mississippi P & L 5s
Mississippi River Pow 1st 5s
Nassau & Suffolk Ltg 5s
Nebraska
6s
New
Power
series
4%s—I
A—
Amsterdam
Gas
5s
25
25
28%
24%
28%
24%
6
22%
65
88%
92%
24
60
67%
29
32
J-J
92 %
91%
92%
J-J
J-J
65%
65%
60
*32
0 t> UV-
M-S
'
35
.
0
cc
M-S
104
J.
13
.104%
*109%. 110
M-N
J-J
*102% 103 7/a
...1963
1967
A-O
Af-U
J-D
J-D
1957
1951
J-J
Af-N
1945
F-A
1981
2022
1948.
J-D
M-S
J-J
66%
.'
•r
105%
104
100 '
106
106
104
62%
66%
107'4
3
26
16
107 %
104
110%
102%
108%
104
106
.
*108% 109
104
104%
104
101%
110
108%
102 Va
9
Va
66%
100%
109%
4
100% 100%
104 '4
'
99%
*99% 100
M-S
M-N
108% 110
108
107
6 ?
100 '
f106
112
Z'.-\
107% 107%
J-J
A-0
J-D
108%
122
111%
2
112 '
112
112
F -A
1945
107%
121
1.
10"-
*106% 106%
*120'/4 123
J-D
1948
1947
1971
1978
1955
Minnesota P & L 4%s
23
9
28
...
J-J
28%
4
.
24%
* J-J
'
25%
25
28%
24%
28%
24%
...
1965
G
Middle States Petrol
1st
1970
1966
1957
28
4
24
F-A
.....
series
27
coup)
Milwaukee
Jan
4,000
106 %
42%
37%
xx •••v.'Zt
J-D
—1970
Midland Valley RR—
Extended at 4% to________
Jan
9'A
102'4
'/1,;?"ZzzZ
100
■\
M-N
,
Feb
3%
8%
102 >4
99%
105%
102%
A-O
.
Indianapolis P & L 3%s
104%
101%
A-O
Products.
.1945
Certificates of' deposit
1.1
Guantanamo & West 6s__
1958
Houston Lt & Pwr 3%s—_—196b
Hygrade Food 6s ser A——Jan 1949
6s series B——
—Jan 1949
Illinois Power & Light Corp—
1st & ref 6s series A
1953
1st & ref 5s senes C„
1956
1st & ref 5%s series B
1957
Indiana Hydro-Eleo 5s
1958
Indiana Service
5s—
1950
1st lien & ref 5s_—.
..1963
Jan
5 Va
87/8
...
103 V2
12
1965
4s
105 V2
1
8
*105% 107
37%
42%
74%
,'
F-A
1978
Coal
Alden
Jan
109%
Zl
Z~20
102 Va
150
105%
102%
100
J-J
—
%
10
7%:
102
120%
150
„
kk-'*- 't
!, "
108
104 Va 10414
J-D
Gfeprgia Power & Light 5s
;
*105
-V"'"
120
5
120%
120
,
M-3
1971
3%s A———1969
Power
40
11414 115
115
ZZ
M-S
1%
18
200
6%
106
Jan
8,100
110% 110%
105
Feb
Jan
9.
Feb
7 i/a
106
88
107
114%
107V4 107%
42%
..1953
A—,—1948
4s
—
: IZZ
Jan
126?
Feb
15%
1% .Jan
9%
Jan
100
1,300
-
32
Feb
630
8
8
■
.
■
123 Va 126
,
•
Jan
Jan
27
'
;
25%
107
Feb
875
59
110%
20
Feb
Feb
300
5
Tst"pfdZ-100
Stationery
Coal
Jan
Jan
1%
4,800 v"
•
_
1%
Feb
7
300
250
3%
1.23
Utility $6 preferred
Coal
Jan
Jan
2%
2%
Jan
81%
Jan
2%
"2%
22 % X22 %
"9%
-ZZ-Z-.I—'Zl
ZZZZZZZZs
V'entworth Manufacturing
West
For
Jan
6%
9%
.
Jan
■1%
»
Co____
Knitting
Western
2%
100
20
1;
59
•
.
Mining
Wa.vne
200
1 %
20
125 »/a
100
Class B
Walker
Feb
ext.Z*
preferred
Waitt
3%
81
3%
2%
■
•
Co
Jan
-
700
300
12
1
;
Feb
::
■■
100
•
pfd.
n
78%
"""%''
,
5
Manufacturing...
Jan
Feb
.
1
....
Petroleum
Virginia Public Service 7%
v5%
%
21%
Valspar Corp common.., —
$4 convertiole preferred
200
1,300
3
w;
—
+
F-A
Jan
Jan
4%
6'%
%
X22%
85%
M-S
6%
'
6%
6
80 %
*
....
.—5
Utah Power & Light $7 preferred
•
Utah Radio Products
1
Utility Equities common
10c
$5.50 priority stock
1
13
41%
Grocery Store
!
'
Co—
Utah-Idaho Sugar—.—
87%
1956
2030
1956
District El 5s
..1952
Water Service 5%s
1954
Residential Mtge Bank—
stamped
1961
Power Co 4s ser C——
1966
Jan
Jan
_1
Voting trust ctfs
87
24%
■
94%
44%
69
1%
Universal Products
25%
23 Va
1955
Packing 3%s
Eastern Gas & Fuel 4s ser A
Electric Power & Light 5s
Elmira Water Lt & RR 5s
Cudahy
Jan
43%
I '■
23 Va
14
10414
Cuban Tobacco 5s
Jan
170
''
132
23%
24%
24%
M-S
Continental Gas & El 5s
Jan
575
%
23%
M-N
%
71%
~"%
8
.1
.
25%
24%
M-S
1954
6%
71
81
—
Insurance.*—.
Universal
.25%
23»/a
stmpd—1953
1958
1944
74%
9%
/■
24%
23 %
54
(Bait City)—
4%s
AConsolidated Textile 5s
Jan
44%: 44%
:5%
50o
2
10
•
United Stores common
P
Feb
Jan
*
Reclaiming
23'/a
203
24%
J-J
1969
1976
—
ser
%
71%
1
U S Radiator common
98
24%
102%
-1949
6%
44%
*
with warrants.
24 %
J-D
1952
5%s__
(Adolf) 4%s series A
Grand Trunk West 4s,
Great Nor Power 5s stpd.
Green Mountain Pow 3%
.
6
-
84%
24
Af-N
—1951
El Lt & Pr (Baltl—
Consolidated Gas
Glen
;
:
106
79%
23 %
102
M-S
General Rayon Co. 6s ser
Feb
4
Feb
4
ZZ*-.-—
and International Securities—
.,$5 1st preferred
100
100
25o
10
common.—25
127
104%
'.
47
84%
24
^
M-S
Jan 1966
.1950
AGobel
—-*—..25
United Specialties common—
-1
U S Foil Co class B
1
U S Graphite common
5
S
-Z
4
4
—
Preferred 'Z—,
U
P & L
General Pub Serv
'fXtXXi'X
'
regis
J RR & Canal Co—
dep
125%
12
108%
24%
A-O
5s
—
Molasses Co Ltd—
Amer
107%
2
24%
J-D
ref mtge 2%s ser Q
1st
Gatineau
Jan
36
•
preferred
participating
$3
104%
101
99
129
83%
;
109%
103%
5
105 Va 106
84
J-D
1958
—1969
ref mtge 3s
1st
6s-5s
—
United
......
series N—
3%s
Florida
57% Feb
2,600
60*4
58%
Gas
Finland
'/a Jan
•
United Milk Products
*127
—
107
107%
-
38
107% 107%
107%
A-0
1952
,5s
Gen mtge
14%
•
4
105
106
ZzZi'v-f
101
101
.
Q-F
1955
Service
Cities
800
6
x8%
1
'•
,
103% 104%:
105%
M-N
..1927
5%S
Connecticut Lt & Pr 7s A
'
United Gas Corp common
-.ZZ.
J-D
Power
Service 5s
deb 5s—
Debenture
2VB
6%
United Elastic Corp
1
;;
103%
J-D
1968
B
series
6s
Cities
Jan
100
11%
"4 M
3%
6%
Unexcelled
Gas of Canada---..-*.—».—•
Union Investment common
•
United Aircraft Products.—
1
104
M-S
1957
1960
1998
1962
§ A Chicago Rys 5s ctfs—
Cincinnati St Ry 5%s A
% Feb
2Va
.
Union
'
.
107% 107%
;
High
Low
No.
*106 «/2 106%
107%
M-S
1970
5s—..1953
Central III El & Gas 3%s—
1964
ACentral States Electric 5s
1948
A 5 %S
1954
Central States Pow & Lt 5%s——1953
Jan
21
% Jan
3%
3%
Corp
preferred non-voting—
J-J
F-A
A-0
F-A
.
10c
Manufacturing Co—-—10
1st $7
ilf-S
—1949
Steel 6s
Northern
Consol
Corp
—1948
C
Debenture
6%,
11%
Jan
4%
Feb
20%
%
3%
—
%
U Jan
19%
19%
1
Range since
January 1
Bonds
Sold
High
*103V2 104 V2
—'•
..
Feb
10
200
%
%
Feb
60 %
70
60%:.
60%
Jan
.
United
A-0
J-J
Birmingham Electric 4%s
Boston Edison 2%s
Canada
100
109% 109 V*
series
5s
3% Feb,
1,300
"l%
114
Inc———•
Tung-Sol Lamp Works—.—......^—l
80c convertible preferred
—-•
Chemicals common
$3 cum & participating pfd
United
Cigar-Whelan Stores
$5 preferred
J-D
J-J
1956
.1953
Bickford's Inc 6%s
58
20%
•
Trunz
United
1970
2024
Bell Telephone of Canada—
1st M 5s series B
Jan
r.
60 VSt
Last
J-J
J-J
J-J
M-S
J-J
4%s——
Feb
%
war rant s—.
Udylite Corp
Ulen
Realization
deb
6V8
'
—
—10
Transwestern Oil Co—
.1970
2016
1961
6s
Paper
Writing
Amer
19%
l3/a
preferred———100
7%
preferred————..——100
Tonopah! Mining of Nevada——
1
Trans Lux Corp.-.—
1
Week's Range
or Friday's
Friday
Sale Price Bid & Asked
Period
Lt deb 6s—
1,200
6%
—
Corp..—V
,
400
20
Toledo Edison 6%
3% Jan
Interest
..——1950
6%
6%
1%
dep rets ord regis
——
dep fees def reg————*
Amer
•
Jan
__
Jan
60
—
■
Jan
7%
£1
.—1950
A Debenture 5s ...
1968
AConv deb 5%s———
-——1977
Assoc T & T deb SVas A.—...1955
Atlantic City Eiec 3%s—
.1964
Avery & Sons (B. F.)—
5s without warrant's..
1947
Feb
14
Exports——*,
Trust Co Ltd—
Product
Feb
7%
7
f debs—.I960
s
Pow &
Amer
Jan
5
5%
24%
13%
24%
Realty & Construction
1
Tobacco & Allied Stocks-.————-*
Tobacco
600
5%
24%
-*
Tishman
Jan
37/a
.1
—...
———1
Roofing Inc
Tilo
Jan
110%
AConv deb 5s__
6%
20%
Thew
Jan
6%
Exchange
Curb
3%s s I tieos:
AConv
Oil & Land Co
Feb
3'A
2\l
{Associated Gas St Elec Co—
AConv deb 4%s
100
2
common.....—.—5
Power &
Feb
9%
,
,6s
—_
Appalachian Elec Pow 3%s
Appalachian Pow deb 6s__
& Lt 5s
Associated. Elec 4%s
pfd__
Light 7%
Texas
Texon
,
-
Arkansas Pr
1374
Jan.
jloO
.10
receipts—_
2%s s f debs.
10%
4%
—1
Jan
3
American Gas & Electric Co.—
10%
Tampa Electric Co common———*
Technicolor, Inc common——....
•
87/b
100
Low
Sunray Oil 5%
Taggart Corp common.
200
3%
Jan
Co
% conv preferred
50
Superior Port Cement class B com
•
Swan Finch Oil Corp—.———13
Drug
9%
__
Week Ended Feb. 25
Jan
Jan
5
400
■
Jan
*
*
1
Machinery
Ray
Sun
Feb
19%
BONDS
•
14
York
New
—
50c
1
Co
8
Jan
IS
Jan
u
Jan
10
200
3%
-1
*
...
6% Preferred ————
Wright Hargreaves Ltd..
8
Corp
deposit
American
8% Feb
-
pfd
p
Jan
Feb
16%
,
Jan
•9%,
Winnipeg Elec common B
Light 7%
Wolverine Portland Cement
*
Jan
8%
8
•
-
Wisconsin Power &
Jan
54
__
Feb
16
75
8%
—
Products Inc
High
Low
16%
16%
—1
,18
Jan
%
:
J
preferred—-^.-.
Sullivan
Jan
Range since January 1
Shares
High
LOW
v
Corp.——10
(R C) & Co—
Oil-O-Matlc Heating
Williams
Williams
7%
Stokely Foods Inc common
(S)
Jan
Feb
m
1
Sterling'-. Inc—......1 ?
Stetson (J B) Co common
—*
Strcock
7%
20%
100
Inc
(Hugoi
Jan
17%
—1
ctfs—1
Steel Co of Canada..
—————*
Stein (A) & Co common————*
Sterchi Bros Stores
—1
6% 1st preferred———.———50
5% 2d preferred——-————20
Sterling Aluminum Products
—-1
$1.50
1%
Inc.-—
River Oil
16
Standard Tube.class B—
Scarrett (The) Corp voting trust
cUinnes
Feb
Wichita
2
—I
Standard Products Co
—
Standard Silver Lead—————
Sterling Brewers
Weyenberg Shoe Mfg.——
108%
convertible preferred
$1.60
Jan
Jan
6
18%
-l
20
Corp common
Standard Dredging
Westmoreland
2%
»
Jan
for Week
Range
of rrices
10
4%
& Feb
----Standard Brewing Co
-*'4°
Standard Cap & Seal common—-—-i
Convertible preferred
Par
High
Low
4
3Va
Curb Exchange
Week Ended Feb. 25
Sales
Week's
Friday
Last
Sale Price
S TOOK S
New York
Range since January 1
High
Low
Par
''
\
'
Shares
of Prices
Sale Price
Ended Feb. 25
Week
Range
Las*
Curb Exchange
York
New
Sales
for Week
Week's
f
Friday
stocks
Monday, February 28, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
106
'
108
104%
4
103%
109% 109 %
4
109 %
101'4 101%
4
100%
101%
109% 109%
7
109%
111
116
118
112%
112%
-
101 %
,
*116
118
*112% 112%
—
110%
Volume
Number 4259
159
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
BONDS
New
York
Curb
,
*
,
Last
Interest
Exchange
Week Ended Feb, 25
or
Low
New Eng Gas & El Assn 5s_
.5s.' —
1
„
Oonv
deb
1947
M-S
Debenture 5%s
New Orleans Public
Service-^-
AIncome 6s series A
N Y
Elec &
State
77
*
3%s_
77
J-D
72%
78
72%
■
107
$115%
78%
Twin
AT-N
99%
101..
Edison
3%s
City Rapid Transit 5%s-
United
Electric
United Light
1st Hen
N
J
4s—
& cons
105%
115%
115%
86%
6s
108% 108%
105%
106
107% 108%
107%
109%
Oklahoma Power & Water 5s
1948
F-A
Pacific
1955
F-A
Power
&
Lignt
5s
Park Lexington 1st mtge 3s—
Penn Central Lt & Pwr 4%s
108
A 5s
1964
income
M-N
Power
F-A
Philadelphia Rapid Transit bs——1962
Portland Gas & Coke
A5s
Potomac
4'As
Edison
5s
-——1950
E
dibs
A.
mtge 3'As
d%
107%
of
perpetual
5%s
San
series
106
Real
M-N
$111'A 111%
M-S
$93
110
111%
92%
J-D
108% 108%
105
M-N
95
106% 108%
105
104%
1952
4'As
Estate
J-D
1952
D
J-D
Power
Southern
California
California
Southern
Counties
1st mtge 3sJ
.
1970
!
5s
Edison
Gas
Gas
3s
L
&
P
1951
Conv
6s
104%
74
24'A
29%
109
l
107%
109
108%
108%
5
108%
108%
A-0
$1.09% 111
116
116
F-A
$100% 101
F-A
89
J-D
$97
1937
J-D
109'A
103%
116
118
100%
1
100%
90
85
97%.
97
5s—;
VFriday
.
■
94%
97
•,
97
97%
97
104%
105
105%
104
105%
105%
104% 104%
104%
$108
$103% 105'A
108%
107
A External
77
,
'79%
72%
98
,
106%
103%
104%
85%
84
85%
83%
88%
89%
86%
A Issue
88%
so
j-j
89%
—1952
J-J
1958
M-N
1951
.1947
34%
'
J-D
1927-
"
60
ou
!
20
21
'
.—
34%
.17%
2
34%
-
19
19
3
—
A-0
$31
36
%
$31
40
—
3-D
17%
36
is
10
33'',
3314,
*
..
$17
19
$57
60
__
34
34
__
35
35 V»
__
3-D
;
19
34'%
62
60
ou
19
M-N
A Mortgage Bank of Chile
6s—
.1931
Mortgage Bank of Denmark 5S——1973
20
62
-
.
17%
s
"
•*
67%
$17
—
/a
16%
64
$10
__
M-3
—
2
17%
$60
__
51%
"""
$62%
__
F-A
High
51%
•
$16
..
M-N
6%s stamped-1958
.
Oct
Low
.
147
.
J-D
^955
7s
of
No.
__
.
1948
...
stamped—
Mortgage Bank of Bogota 7s.—;
Alssue Of May 1927——
107%
103% 103%
1947
Range Since
January 1
Sold
High
$47
-
Bank of)
7s_
AMedellin
81
106% 106%
A-0
.—1953
ALima City (Peru)
AMaranho
79
Jan
6%s stamped
'
108%
103 %
Low
April 1940
7s
Bonds
Sale Price Bid & Asked
Danzig Port & Waterways—
103% 104%
106 %
Week's Range
or Friday's
Last
Period
DaJlifh F£SZ
Extended
5s
105%
104'/a
'
—
17
17
—
60
61
2
'
33
'
A-0
89%
88%
89%
87
89'/a
F-A
a893/».
88%
89%
86%
90.
3-D
88%
88%
89
86%
89%:
88%
89%
86%
89%
F-A
88'A
A Parana
A Rio
89%
F-A
'
\ '- V'
J-J
88%
88%
37
37
86'A
(State)
7s
de Janeiro
ARussian
1958
6'/as.
Government
i—;
37
M-B
J-J
"
1910
<
3-D
..1921
89%
.•30%
.1950
6%s—
A5%s
"
A-O
.
J-J.
4%
4%
4%
4 Ve
4
4Va
4%
4'/a
a Deferred
delivery sale,
d Ex-interest,
e Odd-lot sale,
n Under-the-rule
sale,
sale,
x Ex-dividend.
IFriday's bid and askea prices; no sales being transacted
during current week.
A Bonds
being traded flat.1
.
,
.
§Reported in receivership.
r Cash
T22%
35%
-3%
•
49
'
34
'
3%
34"
''112
'
•No par value,
26
>■'
-
—
1
•
-
.
5*1
24
A-0
OA
22%
105% 105%
J-J
.i960
& Light
M-N
5s.
.——1956
A——2022
series
6s
Service
105'A 105'A
M-N
gold debentures———-—1957
Standard Power 8s Light 6S_—:—1957
AStarrett Corp^ inc 5s.,————.1950
•Stinnes (Hugol Corp—.
7~4s 3d stamped.
—
1948
Certificates of deposit——————
Stinnes (Hugo) Industries—
7-4s 2nd stamped———————1946
Electric
105%
A-0
6s————Deo. 1 1966
Texas Powel
104%
.
68
Texas
92
F-A
stamped———May 1948
6s—-Aw——«.i—1951,.
Debenture
28%
109
■
(see Mortgage
ACauca Valley 7s
JH-S
-
Debenture
.,
28
^
J-D
»1947
Bogota
$104% 106
105%:
F-A
1970
6s •' (stamped)1948
V
J-u
1959
A^*year A,78——
128
80
91
A-0
-1989.
Electric—'
127
J-J
,
8s—-——2022
Spalding (A G) deb 5s—
Standard Gas &
to
N? ®
'
,
A 20-year
73%
$105
M-S
1970
Indiana Rys. 4s
Southwestern Gasf & Elec 3%s_
"Southwestern
112%
Agricultural Mortgage Bank (Col)—
110%
105% 105%
J-J
(Calif J—
——1971
—
Southern
:
115%
111%
Interest
100%
91
J-J
1965
3'As
98%
109%
$70
A-O
1947
—1957
—
Wyoming Coal 6s
99%
$127%
M-S
1951
6s
98%
A-0
Southern
114%
'
109% 110%
110%
1967
series
I
6
i960
—,
-tr
147% 148
A-O
1979
—
Carolina
114% 114%
112% 112 %
M-S
105%
,
Shawinigan Water & Pwr 4%s
4%s
107%' 108%
103% 104%
.36 r
M-N
Week Ended Feb. $5
A-0
1st
109
Foreign Governments & Municipalities
111%
111
95
3-D
-1951
South
98%
102%
111% 111%
A-O
Scullin Steel inc mtge 3s———.
Sheridan
96%
110%: 110%.
106'/a
100%
$101% 103
1949
-
Joaquin Lt & Pwr 6s B—,
ASchulte
104
117
106% 106%
J-J
Jersey—
certificates
Water
22
103% 104%
3-D
stamped extended to 1959
Rys Co 5s stpd
New
A
Harbor
97%.:
2030
6s
Queens Borough Gas & Electric—
Safe
102%
.■
108%
114
1964
Sinking fund deb 4s_—
Service
109'A
v
■?' '107'b. 108%
;
1951
unstamped extended
AStamped 5s
107%
114%
.'
'I
F-A
»_1964
;
I AYork
107%
114
1959
(Can) 4%s B.
Public Service Co of Colorado—
Public
106
1956
Corp
1st
97
A-0
1954
Penn
6s
107
106%
107%
1961
———
F_
series
y::? 97
High
'
Co—
stamped extended
Power
105'A
107'A
$108
M-3
"'■>
—2022
West fenn Traction 5s
Western Newspaper Union—
40%
$106
.
J-J
1972
5%s_
40
.
$106
.
3-D
1970
Elec
41
106'A 107
M-N
.
105
$40'A
1959
Water Power 3%s
Electric 5s
West
103%
103%
Wash
104% 108
102%
104% 105
J-J
—1977
3'As
$104'A 105%
104'%
$108
January 1
'Low
Waldorf-Astoria Hotel—
108%
•
$102% 104
A-0
1st 5s—a—
1979
Pennsylvania Water & Power 3%s.1964
Philadelphia
108%
A-0
Range since
Sold
No.
$110% 111%
.1952
Wash Ry & Elec 4s
P-A
3-D
J-D
5%s_1952
-
Bonds
High
$102% 103%
108'A 108'A
' v J-J
104
$105% 103'A
Public Service 4s-1962
Oklahoma Nat Gas 3%s B—Aug 1955
F-A
,
Loin
,
(Maine)-—
Utah Power & Light Co-Debenture 6s series A——
95
104
A_
series
■
1
■
:
(Delaware)
'■
■
1949
■
5%s
United Lt & Rys
—
Week's Range
or Friday's
Last
Sale Price Bid & Asked
1952
—
& Power Co—
104%
104
1968
___
United Light & Railways
A-0
Ohio
Period
—1979
103%
A-0
1971
v
Interest
■
25
5s
110
91'/2
104
Power
101'/a
107
90%
J-J
Friday
Fxchange
109
109% 109%
J-J
Curb
108
97%
103
Water
Toledo
95%
58
,
Tide
f
$102
J-D
Debenture
5s
.——-—1954
North Continental Utility 5 %s
-1948
Ogden Gas 1st 5s
1945
Ohio Power 1st mtge 3%s————1968
—
V
78%
-
■<
$105
3s—
9
28
100% 101
100%
York
Week Ended Fein
High
72%
2
J-J
mtge
49
.
Nevr
,
86
2004
1st
Low
99'/a
98%
99
M-N
Ltg 4s
No.
77%
77%
19b4
N Y & Westchester
January 1
107% 107%
A-0
.-Nov 1949
Gas
Range for
Sold
77%
77
:
M-N
1954
1
Bonds
High
77%
77
M-N
—-1950
England Power 3'As
1961
England Power Assn 5s
1948
New
New
77%
J-D
1948
—
5s——
BONDS
Friday's
Sale Price Bid & Asked
Period
EXCHANGE
Week's Range
Friday
.
107%.
J-J
24
104%
106%
107
108'/a
>107% 108%
$116% 117%
Abbreviations used above-^"cod," certificates of
deposit; "cons," consolidated; "cum," cumula¬
"conv," convertible; "M," mortgage; "n-v,"
non-voting stock; "v t c," voting trust certificates;
"w w," with warrants; "x w," without
warrants.
*
?
^ ■ y
tive;
"w U" when Issued;
OTHER STOCK EXCHANGES
Friday"
STOCKS—
Last
,
Week'»
Feb. 19 to Feb. 25 both inclusive, compiled
Friday
Last
STOCKS
Range
Sale Price
of Prices
:Par.
A
Low
17%
845
v t ci—*
1.25
1.20
1.25
85
8%
—-100.
Eastern Sugars Assoc corn y
8%
66%*
9%
t c—I
9
Calumet & Hecla ——'-A
Htgh
Jan
18
1.20 Feb
"■Cities- Service
Jan
1.75 Jan
420
8%
Feb
10%
66%
Jan
68
Jan
9%
150
43%
27
43%
45:
27.
:
1%
__100
143
.
7% Jan
27
1%
V
1%
5
143
.
Feb
75
43
Jan
50
■
: .9% Feb
27
Feb
83
'150
.'"Jan;
#
-
12%
38
38
5
28%
Mass Street
Ry
28
1.75 Feb
Jan
5%
preferred B—A...
preferred adjustment—
2.00 Feb
Jan
31%
60
30
Jan
31%
Feb
65%
65 %
4
65
Jan
75
6%
m
13%
13%
5%
26
26
150
39%
190
25
Jan.
35'/a Jan
'
38
-
...
Eastern
SS
Lines
Inc
Group
26% Jan
First
General Electric
'Jan
Bonds-
54%
63
5s series A..
54%
65
$13,500
54%
65
3,300
Jan
Feb
Association..—
""
i
t
Friday
Week's c
:
•
_——.—
38%
•
-
———9%
__
Central
Last
STO.CKS—
Range
Sale Price
•
9%
Narragansett Racing Assn Inc
Low
American Sugar Refining...—.A—..100
30%
25
157% 158%
American Tel ^ TeL..^—a..—100
Anaconda Copper
;
50
-1,862
25 %
—
.Bigelow-Sanford Carpet S^ipfd—_il00
Bird ' & Son; .Inc-v—^
Boston & Albany RR———————100
110%
115
Edison
Boston
Elevated Ry
—25
—
v
100
Boston Herald Traveler
Corp
33%
:
19%
—
•
115
13%
—
Boston
25%
107
•
;
..
^
Range since January 1
480
34
29
31%
155%. Feb
24'A
113
213
96%
2,443
32%
Feb
Jan
Jan
11% Jan
Feb
13%
Feb
110%
Feb
35'A
Jan
11 Ve
72;
374
67 'v
Jan
72
19%
19%
320
19
Jan
20% Jan
Feb
1%
prior preferred
preferred
6%
-
B
...-
31%
class D
100
CO CO
2,523
26
Jan
3% i
.
4
100
3%
4 >.
135
1%
7%
235
3%
Jan
footnotes
Feb
4
6%
Feb
Feb
'
4
Feb
7%
Feb
U
8
—•
1st
pfd
stamped
7
8%
720
5
Jan
8'A
Feb
7
8'A
703
5
Jan
8%
Feb
Boston
7%
9%
268
Jan
9%
Feb
Inc
5
see
page 871.
7
;
1
Feb
80
Jan
Feb
1,600
1,493
-r'-
8%
•
13c,
7
Jan
11%
8c
Feb
Feb
33%
Feb
93 %c
Jan
8%
•V
Feb
30c
Jan
,135
98 "
Jan
200
10c
Jan
Jan
15c
Feb
3,087
Feb
12%
Jan :
105%
274"
30c
Feb
Jan
•'
145
40c
VV 'v 6 ' •
Jan
Jan
100
••
2%
-
3%' Jan
23%
60c
16
300
12%
1%
32
2% Feb
Feb
Jan
Jan
107
45c
104
Jan
Jan
Feb
45c
Feb
v'
27%
28%
29%
28%
29%
9Sc
127/B
13
';
3%
855'
135
Jan
.'28%
Feb
Jan
29%
Feb
86c
Feb
1 Va
Jan
13%
Jan
:
12%. Jan
335
•
305 -r; 4
4-^
33%
27'A
■
25
'
8%
4 - 2%
Jan
9%
Jan*
3%
Feb
33%
Jan
530
5
.
32%
Jan
85
25%
Jan
1
Feb
28
Jan
Jan
12%
41
12%
Feb
13
79 3A
355
75%
Jan
80%
Jan
71%
451
69%
Jan
74
Jan
44
44%
150
43%
Jan
44 Va
Feb
95
40%
Feb
43%
Jan
90
10%
Jan
11'A
Feb
525
20%
Jan
"a"
42
D)
-
9%
3%
25%
-25%
306
-
70'A
Inc
w
Co
11 'V
21
Westlnghouse Electric & Mfg
100
'8%
:
12%'
Machinery Corp
(S
100
Jan
Jan
.
78%
Co
Warren
620
3%
Inc..—
Svstem
7
'
Feb
9%
30
26%
—
Rubber
7
Jan
39 Va
619
33
Waldorf
i—_100
4
12% Feb
37%
"79Q
33%
9
preferred
8'A
3,257
Inc
Drill
Fruit
7 '• v-
,
For
38%
Jan
6%
2%
•
...
Co
Drug
United
Feb
Jan
Jan
2%
90c
,
.25
Co_—..
Assn.
Twist
United
Feb
:i32%
Jan
28%
.50
RR
Suburban Elec Securities compaon
Union
'
Feb
7%
1
100% 104
.
Mining
Torrington
■
35% Jan
150
90c
20
10%
Feb
31%
35c
Feb
Jan
.
35
78
105 »/8 105%
100
Feb
76
:
,
8%: Jan
269
1%
30c
& Webster
Stone
U00r
ist pfd
class C 1st pfd stamped
10%
Mills
Quincy
195
80
2%
Feb
Feb
•
262
8%.
2.50
30%
1,287
30%
Feb
Ht)5::.::
' Jpn
20
38%
1%
63%
'36%
*
Jan
.
8%
35%
9%
80
Jart
.
Jan
865
35
13c
luu
—^
•
10%
38%
9
i%
"
Pennsylvania
....100
c—^
Stamped
7%
37%
—100
-'Stamped
class
•
...
class A 1st pfd_.
8%
100
_i__.....IOO;
Stamped
5%
Pacific
United Shoe
Boston & Maine RR—
(NH)
13
11%
Old Colony RR
Shawmut
115%
Jan
34'A
i
Jan
26%
Jan
110%
Northern RR
158%
Feb
,.200
Htgh
:
Feb-
13%
33%
England Tei & lei
North Butte Mining
.54
5%
..__._-_._l
New
Low
30%
Cos
Jan
90
90c
5
Service
Jan
43a
260
12%
r
High
Feb
Feb
Jan
32%
20
29
1
Nash-Kelvin a tor
56%
92
31
100
common.:
preferred———————100
National
for Week
of Prices',. .Shares,
f; Par.
RR
v
5
60'
295
11%
Mass Util Associates v t c——1
Sales
:7'%
15%: Jan
•
300
31
-
Hathaway Bakeries $7 conv pfd—__
Isle Royale Copper.—
15
Kennecott Copper —-—Aa«.—•
A;•
Lamson Corp (Del) common
5 .
5%
Exchange
^
,
Feb
76
19
10%
1%
103%
75
__
10
5%
103
76
100
*
36%
5%
103
100
National Stores——
Maine
Feb. 19. to Feb. 25 both inclusive, compiled from official sales lists
205
63 Vs»
36
5%
.T
Boston Stock
27
1%
63%
_a
Engineers Public Service ———1
41
.
6% Jan
13% Feb
5% Jan
90
'
6
i%
common.......*
Gillette Safety Razor Co
Transit Co 4s—
Jan
42%. Feb
•
.
Jan
,38
n 14
.
'
6%
preferred series A—a-——100
Employers
31%
5
common—100
1st
65%
__50
High
Jan
38
4% V prior preferred—
—100
6% preferred'
—i.—.—A—.—,100 :
6%
31%
Baltimore
-
50
*
6%
!-■—...—u25*
U S Fidelity & Guar..
>
Common
Feb
(Tom) Distillery
:—...___25
New Amsterdam Casualty————-2
preferred
Low
13
Co_—A————
45
:
Pub'Serv—
Moore
Rang6 since January 1
13
Eastern Gas & Fuel Associates-
Jan
15
,
;
High
13
—......—lu
Copper Range
Eastern
143
Fidelity & Guar Fire Corp-——
10
Houston Oil of Texas 6% ypfd :vtc.—25
Maryland & Pa RR
Monongahela West Penn
9%
-
!—20
Fidelity & Deposit Co
Low
15%
66%
66%
Shares
Range since January 1
High
17%
Preferred v t c—————;
-
Shares
17%
Consol Gas E L 6s Power com....——*
;■;>
for Week
of Prices
Low
Boston Personal Prop Trust...
•
Boston & Providence RR
——IOO
Sales
_•
Arundel Corporation
Bait Transit Co common
Par
froip official sales lists
Week's
Sale*
for Week
Range
.
Sale Price
43 'A..."
'
11%
'
v
21%
93%
94'A
59%
60
21 '/2
'
....
71
91%
Feb
Feb
96'/a
Jan
60
Feb
"
Feb
BONDS—
& Maine
mtge
4%%
RR—
series
A-X.....1970
$5,500
52% Jan
THE
OTHER STOCK
Monday, February 28, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
EXCHANGES
Friday
Chicago Slock Exchange
both inclusive,
Feb. 1!) to Feb. 25
compiled from official sales lists
Week's
for Week
Last
Sale Price
Low
Abbott Laboratories
Rights
*
.
Advanced
Bearing
Ball
Aetna
1%
Feb
13%
Feb
14%
50
Feb
12
Feb
•
common
17%
Co
&
Jan
20%
36%
Feb
39%
Jan
109%
Jan
112%
Feb
Jan
50
1
Jan
1% Jan
4%
Jan
Jan
4%
Feb
9% Jan
14%
Oct
3%
1,450
100
250
20
150
15
Mfg Cp common-—————10
Belmont Radio Corp
—*
500
Belden
Warner
Borg
Brach & Sons
(E L)
Co
Bruce
Corp common
(E J) capital—
preferred
35%
16% Jan
Jan
36%
18%
Jan
24
Feb
22
Jan
24
200
9
Jan
28
Jan
80
9% Jan
28% Feb
95 %
Jan
90
Jan
fa Jan
100
%
Jan
9'A
Jan
1,300
A
Jan
61
50
58%
Jan
63%
10
80
7%
Jan
10% Jan
n
60
9%
,
10'A
Jan
Jan
v
Feb
18
18
100
14%
Feb
18
Jan
Feb
89%
90%
100
82
Jan
91
80%
80%
200
78% Jan;
13%
15%
950
13%
Feb
15%
Jan
3%
5
—5
3%
100
3%
Jan
3%
Jan
Club Aluminum Utensils Co common—
Commonwealth Edison
4,350
5'/a
4%
5%
Feb
25
25%
26
4,450
24%
4%
5
1,100
4'/a
26% Jan
5% Feb
Jan
50
*
?
i
J
r'
Co
Crane
"
/
cum
Stores
Cunningham Drug
Common
Diamond
200
4%
i/v
—
Feb
19% Jan
Jan
99%
Feb
21%
21%
100
20/2
Jan
21%
Feb
16%
50
15% Jan
16%
Jan
8
50
8
200
38%
38%
15
15
12
12%
200
6
6%
700
15
6
Auto—_
V
20.
/ME
43
5
,
Corp common
Corp
■
—
10
(Peter) Brewing common
Finance
9%
9%
5
1
,
Eversharp, Inc common.,
Motors
2% Jan
19
16%
*
1
Electric Household Util Corp
General
Feb
4% Feb
93%
.
v:
.-
5o
1
General
10%
10
10
T Motor Car common
Four-Wheel Drive
26% Feb
Jan
98%
300
—*
2
common—-.-
Domestic Industries Inc class A
Fox
Jan
5
98%
1
Mfg Corp common
Dodge
4'/a
18%
M
——
Co
&
150
pfd—.100
2'A
>'si V
*,x'
Dayton Rubber Mfg common
Decker '(Alf) & Cohn, Inc—
Deere
10
10%
25
Cuda-hy Packing Co 7%
-4*
24%
10
y'
•i•/-x'' t'X
common
,r*-
24%
*
preferred part shares——
part shrs v t c class A—
Common partic shares v t c B
Com
10
900
20
100
8%. Jan
39%
Feb-
10% Jan
5% Jan
Signode Steel Strap Co
South
Feb
12% Feb
j
^
6# Jan
v
Common,
.
11%
300
10%
Jan
200
39
12% Feb
'
Feb
■
Feb
43
3%
Jan
Jan
Great Lakes Dr &
20
20%
19% Jan
10
Hubbell
Hupp
8%
20
18%
Feb
19
Jan
23%
100
21%
Jan
23%
Feb
4%
300
3%
Jan
)v/ 4%
13%
Jan
5
1
19
19
19
Feb
1%
capital———10
4%
1%
1% Jan
4%
4%
;
Interstate
$7
Power
600
10%
250
21%
Jan
24
32%
410
30
Jan
43
18
100
16
Jan
900
Jan
capitals- .25
32%
32%
200
1
.4%
® 4%■
'
4%
Jan
Jan
16%
Feb
Jan
20
Jan
Feb
17%
(J R)
Thompson
16%
16
31
31%-■
650
30%
30%
100
4%
Drug Co common————X
Kellogg Switchboard common...
*
Ken-Rad Tube & Lamp com A.
*
Kentucky
6%
Util jr
pfd—
cum
preferred—
16%
17
Jan
6
6%
Steel
S
Jan
72%
9
Feb
7%
73%
75
Jan
10% Feb
1Q% Jan
11%
11%
Feb
Co
&
cumulative
preferred.
Llbby McNeill & Llbby common
McCord Rad & Mfg
Marshall
Field
West
Middle
.
14
10%
Jan
16
48%
47%
Jan
49
Jan
101% Jan
102
Feb
102
2%
*
34%
102
1% Jan
2%
Jan
32
35
2% Feb
Feb
35
7%
7%
6%
Jan
7% Jan
1%
1%
%
Jan
1%
22% Jan
*
13%
Jan
5
capital
Utah Radio
prior lien—.—
lien—.
.
4%
Feb
18%
Jan
Feb
27%
Jan
31%
28
Jan
32% Jan
26%
Jan
91%
1
Cum
Feb
4%
100
27
27
94%
'
94%
94%
.
50
98% Jail
100
100
Jan
9%
8%
5
4%
Jan
5%
5%
5%
Jan
35/4
Woodall Industries common—
9%
5
Bankshares common
Wisconsin
52%
122
4%
preferred
prior
26%
51%
122
Walgreen Co. common.—
Westinghouse El & Mfg com—
Wieboldt Stores, Inc— ■
Radio
Zenith
capital-
Mach
Yates-American
Corp
common..
35%
9% Feb
•fa Jan
19%
Feb
6
*
100
100
Feb
5% Feb
Feb
34
Stocks—
9
Martin
Corp
Iron
capital
110
56%
Jan
60%
Jan
5%
Feb
'5%
35'A
35% Feb
37%
Jan
Jan
7 Vst
Feb
16%
Jan
18%
Feb
18%
12%
11%
Feb
12%
Jail
18%
19
15%
Jan
19
Feb
Jan
23%
Feb
24"%
37%
Jan
41% Feb
15%
15%
Feb
16%
9%
9%
1,800
9%
Jan
10%
Jan
17%
17%
500
16%
Jan
18
Jan
29%
Feb
53
53%
300
14%
14%
>650
52% Feb
14% Feb
42%
*
%■—.——-25
Corp common——_——l
23%
41
15%
——*
24%
41
42%
150
40% Feb
•
common.,.
common.
42%
10
—
stock
v
t
•
c
Modine
Manufacturing common—
Nachman Corp common
Cylinder
Gas common
National Pressure Cooker common
National Standard
cap
Jan
31% Feb
14% Jan
10%
Jan
fa Jan
207/a
Jan
7% Feb
7%
Feb
North American Car common
West Utilities
pr lien
•
44%
-17
page
17
11%
1%
Jan
9% Jan
2%
Jan
10% Jan
Feb
28%
Feb
100
44%
17
ioo;
42% Feb
47%
Jan
V
500
14% Jan
28
17%
Feb
11%
Feb
12%
Jan
Jan
13
Jan
Jan
37
Last
Sale Price
STOCKS
Machine
American Laundry
Baldwin
:
Week's
200
200
32%
35
35
35
5
37
36%
37%
450
33%
Jan
37%
Preferred
for Week
20
8%
108
Range since January
Shares
25'A
361
27
10',
8
I.
;
—.100
Preferred
110
Union
Crosley Corp
Dow
——
——
Tissue
Crystal
Drug
class
Fyr-Fyter
.
3
105
100%
Jan
102%
Feb
114
7%
Jan
8%
Feb
8%
207
Jan
72
:
Meteor
871.
S.
19%
18
Jan
20%
Feb
100
19%
100
16%
Jan
108
109
100
95
Jan
24
25
120
22
Jan
19
109
24%
19%
83
8%
Jan
10% Feb
*
—*
18%
18%
21
17%
Feb
19%
5
7%
Feb
8
Feb
155
5%
Jah
7
Feb
50
10%
Feb
12%
Jan
26
33
Jan
35
Jan
50
17
Feb
17
Feb
542
29
Jan
31% Feb
8
7
10%
8
7
10%
.—.
19%
26%
Feb
31
39%
39%
44
39%
Jan
40
Jan
•33%.: 33%
•
*
459
31%
Jan
33%
Feb
200
6%
Feb
7
Feb
7
*
54%
-*
12
7
416
553/a
9%
305
12
54
?
Feb
12
Feb
Jan
9%
Feb
14
8%
137
37%
Feb
38
130
38
13%
Jan
Jan
10
58%
312
9%
37%
—
12
Jan
14%
Feb
Jan
5%
Feb
'
Feb
UnlistedAmerican
Rolling Mill-
25
? 13%
*
Standard
Brands
——
"
54%
55%
29
28%
29
46%
47%
? "{-
—...
*
Timken
5%
54%
10
«r
Roller Bearing.
::r
4%
5
—
Motors
General
Feb
Jan
Jan
30
Printing—————*
class A
—.50
Columbia Gas
109
Feb
10%
——*
Preferred
75
Feb5
75
-j*
Kroger
U.
Jan
Feb
n/A
—
Feb:
2%
—■*
A
Gibson Art
-
11%
12
*
Hobart class A———.—
Rapid
:
100
10%
10
.
,
Insulation
Formica
10% Feb
Jan
' . *• t
75
_*
——
Eagle-Picher
110
Feb
110
*
26%
Jan
23%
.
__*
Yards
Stock
109
,;E
11%
8%
—50
Telephone
Cincinnati
/
.
50
Cincinnati
Jan
8% Jan
Jan
:
2%
2%
102% 102%
5
Cincinnati Gas & Electric preferred.100
Cincinnati Street
30
110
11%
——————
Crank.
65
26%
25%
*
Champion Paper & Fibre
Churngold
Feb
108
1
8%
108
1
High
27'A Jan
Low
High
26%
100
—
—
Feb
200
19%
Jan
Sales
Range
of Prices
,.8
-
—
Feb
12%
12%
15
43% Jan
compiled from official sales lists
Friday
<
100
12%
2
loo
see
44%
1,350
50?
28%
11%
;__1
*
pref
preferred
For footnotes
28%
20
Northwest Bancorp common
1%
•
v.
9%:*
10
stock
Noblitt-Sparks Ind Inc capital
North
9%
»
Montgomery Ward & Co common
National
2 Vb
2%
10
prior preferred
29% Feb
54%: Jan
.
Cincinnati Stock Exchange
Feb. 19 to Feb. 25 both inclusive,
Procter & Gamble—
Common
Jan
1
Truck & Coach class B_
Miller & Hart$1
6% Jan
11%
•
Republic Steel Corp common
Yellow
Feb
59
18%
1
Radio Corp of America common
U s Rubber Co
Jan
64%
9
7
——• 1
Inc'.-.—
Oil Co (The) common--—-.-—1*
Brands
26%
Jan
5%
5
•
Corp
New York Central RR
Standard
Jan
Jan
56%
35%
5%
35/4
Paramount Pictures Inc
Pure
9%
24%
550
common——--1'!
(Glenn L) Co common.—
Nash-Kelvinator
Feb
800
64%
59
Curtiss-Wright ———1—1
General Electric Co
X.
-—«—*
Interlake
150
25 Ye
62%
Copper Mining
9%
25
com—*
50
Atch Topeka & Santa Fe Ry com__100
Bethlehem Steel Corp common—.—*
American Radiator & St San
:.y;. ;V-r:,.
Util 6%
prior
7%
Co—
Convertible preferred A—
7%
Jan
Jan
Jan
»
Corp
Common
Midland
6%
7%
•
common
United
Midland
class A
4% Jan
6%
14
7
»
Lincoln Printing Co common
5
Jan
5
.
Jan
13%
26
capital—
5
*
preferred——.100
Products common
1
common———
cumulative
6% Feb
48%
loo
La Salle Ext Univ common
Leath
7%
—50
34%
12%
13%
Air Line Transp
United
U
12%
common.
Cincinnati Ball
Katz
Jan
Feb
16
1,350
16%
-15
common
(The)
Co
Trane
Jan.
XI1%
,„i
Joy Mfg Co common
Feb
10%
9
*
Feb
2V4
-
Jan
3%
•
200
31
.25
—
'
Jan
18%
32% Feb
Co capital
International capital
1% Feb
19%
73%
preferred
Feb
11
2'A
Feb
19
16%
6%
Steel Co capital—
Inland
Jan
24
-2%
15%.. Jan
20
16%
_1
Feb
11%
,2%
&
Jan
9
15%
•
*
15
Feb
20
100
Illinois Central RR common
Feb
30
/EE
Feb
13
10%
low
Illinois Brick Co
•
100
15
Jan
20
Sundstrand Machine Tool common- __5
Swift
'•
18
•'
Sterling' Brewers, Inc common.—;—
8% Feb
15%
Indep Pneumatic Tool v t c——
Indianapolis Power & Light comIndiana Steel Prod common
Jan
23%
~
■
10% Feb
Jan
8
15
(new)——
Jan
4%
20% Jan
Feb
8%
10%
8%
*
common
74%
Jan
Feb
.
9'A Jan
8%
10%
14
Jan
B
Harvey, Inc common
Motors
8%
1
_3
8
Parts
class
Jan
3%
.
Feb
9%
40%
13
Houdaille-Hershey
71
230
300
4
Jan
Feb
55
Feb
38% Feb
Motor
Feb
72%
4%
10%
Standard Oil- of Indiana
Studebaker
9%
Werner
Feb
12%
15
15
-1
Jan
13%
Harnischfeger Corp common.
Helleman Brewing Co capital
33%
Jan
18%
4%
4
........
—
20%
40 %
Hein
Jan
11%
18%
Standard Oil of N J
9%
-•
common
Stockyards capital
.Standard Dredge-preferred—
Feb
13%
com--—.
31%
150
<
22%
/v,;''
23%:
■
1
St Louis National
Jan
18%
3%
•
■r--
* •
W,orks capital— -5
Lathe
10
38%
Pk
10
Corp..—
Bend
Jan
8
51%
Goodyear Tire & Rubber common.—*
Co (H W) common
*
80
12%
■
4
4
Jan
15,
14/8 Feb
Gossard
Gillette Safety Razor common—
Feb
Jan
33%
72
72%
Pullman
Jan
8
37%
43
l
—10
common--
..
5
Sangamo Electric Co common
Serrick Corp class B common
Anaconda
Consumers Co—
V t c
C.v
56%
80% Feb
Jan
1
common
Consolidated Biscuit common
«
—
Raytheon Mfg Co 6% preferred
Reliance Mfg Co common.—.--.i.
Unlisted
Cities Service Co common—
33%
Feb
59%
50
Feb
4%
—I.¬
10
Chrysler Corp common—
4
Jan
300
preferred .——*
com—50o
Preferred
•
Central States Pr & Lt pfd
*
Chicago Corp common
——
Chicago Elec Mfg class A pfdFlexible Shaft common
100
Quaker Oats Co common
l'/c
Convertible
A 29%
Jan
100
Central & South West Util
Jan
Feb
50
1
Chicago
Jan
9% Feb
Jan
Corp—
Common
■
33% Jan
34%
Central Illinois Pub Serv $6 pfd——•
Central 111 Securities
26
...
Jan
9%
50
150
300
—5
10
30
common
convertible
5%
15% Feb
17%
*
Brothers
Butler
29%
800
12%
-
Pressed Steel Car common
Swift
5
5
Laughlin Inc common..;
Bliss &
21%
Jan
Jan
8
800
1
Jan
Jan
8%
200
common——5
84
:
5% Feb
class A com../—5
Bastian-Blessing Co common—
*
Corp
Co..
Feb
Feb
Jan
59%
•
(The)
High
3%
Jan
3%
:
79
59%
—
__
Circle
.
•
170
28%
"
Capital
450
••
"
82%
x82
'
-50
RR capital
Peoples Gas Lt &. Coke—
Perfect
'3%
3%
82%
:
LOW
High
Low
Par
;v
——;— 100
preferred
Sinclair Oil
1,000
Barlow & Seelig Mfg
Aviation
Jan
6
5
1,100
common—1
Athey Truss Wheel capital—
4
Aviation Corp (Delaware)
.——3
Bendix
*'
■
Asbestos Manufacturing Co
Berghoff Brewing Corp
v'j
<r'
Jan
20
preferred—100
common----———6
American Public Service
Armour
Jan
14% Feb
100
Co.—
Mfg
Chalmers
Allis
,M.
' / •
4% Feb
12%
50
Allied Laboratories
Jan
4%
350
1
common-,
u,.
> :
Range Since January 1
Shares
Jan
Cl
130
—*
•
Castings--———5
Jan
61
Feb
%
4,600
————
Aluminum
High 1
LOW
Co common
,'
Pennsylvania
January 1
53% Feb
50
Adams (J D) Mfg common
Adams Oil & Gas
Range since
High
_—_*
common
'
6%
Shares
of Prices
1
,
.,,
for Week
Range
of prices
Peabody Coal Co class B common—,„5
Sales
Range
Friday
STOCKS—
w"
Sales
Week's
.
Last
Sale Price
STOCKS—
47
%
!
•
779
4%
106
51%
Feb
55%
Feb
92
28%
Jan
30%
Jan
125
46%
Feb
48% Jan
Volume
Number 4259
159
THE
COMMERCIAL & FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
Cleveland Slock Exchange
Feb. 19 to Feb. 25 both inclusive, compiled from
/,
.
STOCKS—
Low
American
Coach
&
Body
Apex Elec Mfg preferred
Brewing Corp of America..'
City
Ice
Clark
&
Fuel.
11%
5
LOW
10
Jan
96%
255
Feb
;
.
—
;
110
40% Feb
15%
140
15
20 Vz
250
18%
68%
258
63
Jan
24
.
14 Vz
113'/a
:
-96%
Feb
Petroleum
Corp
Eaton
Mfg
Z//' a43
a43
Investment
Cessna Aircraft
Jan
a41% a42%
Goodyear Tire &
a37% a40 '
Greif
Bros
Rubber-zzi-Z-zzy-—'-•*/'..:zz'.--
-
Cooperage class .A.-
Interlake Steamship
I.
.V;
\
Kelly Island Lime
Lamson &
—
&
—•
,
■'} -,/>/•/
•
W"
{
National
Nestle
.
•
11. Vz
Tile
•.
class 'A—i——
1*
Co
2
2..
•
-
—*
—
Iteliance Electrlc
5
l
<
—
410
&
8 Vz
.
9
Gladding, McBean &
,
260
•
10%
Thompson
Prod
85
508
Van
Iron
__*
■
Lincoln
Petroleum
15
Menasco
314
Pacific
industrial Rayon
Interlake
N
Iron
20
U
——i.*
-
8
20
20 .
a35% a35%
-
125
7%
Steel..
7%
8%
*
20
—
7%
100
r;
9%
'
i)
Jan
7%
Feb
Jan
6%
•'
Jan
20%
'
:
54
Feb
'•••MM,
'
^^
—-
10%
Jan
Feb
23%
:
Feb
8%
Feb
12%
Jan
-
'IR
y v.;. JO
12 Va
431
9%
320
35
a475
12
Jan
8%
300
35
2
.
12%
class
55
10'/a
a39%
12%
39 V2
460
Jan
9%
Jan
Feb
35
Jan
466
Jan
Jan
14%
Jan
55
200
38%
Feb
39%
Feb
1,500
10
Jan
12%
Jan
224
38 Vz
Jan
;39%
Jan
47 Va
200
47 Vz
Feb
9%
335
8%
Feb
■'
a40
9%
12
B__«
9%
52%
10 %
47 Va
; :
.
12
6Va
400
6%
31c
17%
14
14
V
5
'
a51%.a52
.
Electric
Jan
100
25
Jan
30
Jan
41c
Jan
48c
Jan
150
15
Jan
15
Jan
25
31%
31%
582
30%. Jan
31% Feb
48%
48%
175
47 V4
Jan
49%
Feb
42%
Jan
common
a42%
common
a42
a42%
358
40%
Jan
6%
6%
766
5%
Jan
9
9
800
62VaC 75c
9
900
Aircraft
1,600
3Va
Jan
4%
45
36 Vz
Jan
40%
Feb
760
10%
Jan
11%
Jan
Jan
3%
Feb
39 Va
39 Va
11
11
1
Pacific
3
Co
___*
Ltd
Oil
9Va
500
23%
23
—25
510
3,556
40
40
31%
31 Va
50
,—25
Jan
20
Feb
31%
Feb
29%
Feb
381/4
Jan
5%
Jan
29%
29%
29%
2,010
24 V*
37%
37%
37 Va
1,066
5%
5 V»
100
35% Feb
5 Va Feb
2,265
1
Jan
Transamenca Corp.
—2
Transcontinental & Western Air—5
"9%
8%
9%
19 %
19 V4
149
191/4
2ft
18%
18%
18%
2,024
18%
Feb
10
New York Stock Exchange
New York Curb Associate
12%
12 Va
12 Va
110
12
Detroit Stock Exchange
Chicago Stock Exchange
:
Feb
Union
Jan
of
California.
Consolidated
Yosemite Portland
Oil
Co—
Cement pfd-
8%
Jan
*
3Va
3Va
200
9,%
■
Feb
191/4
v
3%
Jan
6c
Feb
19V4
»•
'
.10
Jan
321/4
a31%
•
—
Jan
43
Feb
Jan
24%
,
31% Feb:-;/
29% Jan
25
California
Sunray Oil Corp.—„„
Jan
9%
Feb
40
647
a31% a31 V4
8%
23
»
of
Co
VA
9%
25
Co
Universal
Feb
3%
Co
Calif Edison
Oil
Jan
75c
3%
•
Corporation.
Original preferred
preferred class B
5%%. preferred C——_
,
Jan>
9%
■•/
Feb
30
Oil
6%
Members
7
Jan
50c
;
.
1
Sontag Chain Stores Co Ltd—
Watling, Lerchen £i Co
14c
900
Security Co
Standard
Feb
15
9
Southern
Feb
Jan
45c
•
Corp
7c
Feb
1.15
15
Warrants
Southern
15
Jan
Feb
41c
—10
6'/a
Solar
Jan
1,000
.
47
*
1.05
9c
1
Sinclair
10
Feb
17%
9c
__1
—4—
common
Indemnity Co
Oil
Feb
34c
.
—10
Corp
&
Feb
15%
1
624
Feb
%
423
2,100
624
6
Feb
1.15
1
Jan
30c
1.05
:
Jan
9%
12
750
17%
Ltd—
50
Jan
4%
Jan
Feb
600
*
;
10
200
34c
1
s
Jan .'
280
505
39 Va
a38
1
Ryan Aeronautical Co
275
al7Vzal7Vz
__
———————
Jan
6V4
55
2,165
a57
55
Richfield
40
al8% al8%
•
.
common
45
100
565
&475
Pacific Lighting Corp common—
Republic Petroleum Co common
145
.
:__
Gas
Pacific
117
•
al9
al9
__
Y Central R. R common——.
Republic Steel
.
common..—a39% a39%
common
"
405
9
0
Occidental Petroleum Corp
Liilisted—
-
Feb
1
Corporation,
Pacific Finance
common
25%
10%
35
.
Mfg Co
Oceanic Oil Co——
Glidding Co
Feb
25% Feb
22%
8 Va
10c
75
Weinberger Drug-Stores.
General Electric common.—
Feb
1.40
*
475
com
2.00
Jan
6%
12%
.10
Co
a35% a35%
__
Works__.
Addressograph-Multigraph
Jan
1.30
54
a53
•
Lockheed.Aircraft Corp
Magnin- (I) & Co commonNordon
Dorn
1.80
10%
*
a43 Va a43%
25
Inc__—
Feb
22%
1
Co..
Lane-Wells Company
Langendorf United Bakeries
r
-•
'
Standard Oil of Ohio—
54
6%
Goodyear Tire & Rubber Co
*
Hancock Oil Co class A common——*
305
■
12%
•
;
12%
200
a79% a80%
Inc
General Motors Corp common.
General Paint Corp preferred
35
34%
;
Richman Bros.
Feb
Jan
on
*
;
Feb
6%
12 %
400
54
a80%
•
America
2%
Jan
200
25% -25%
5
...
Jan
1,200
: ■ 4%
1.40
l
—
Hudson Motor Car Co
Patterson-Sargent>
1,747
Farmers & Merchants Nat'l Bank—100
Farnsworth Television & Radio
200
18
•
al5% al5%
__
-
„
1.95
1.35
2
a21% a21%
Electrical Products Corp.—
4
Emsco Derrick &
Equipment Co..——5
Exeter Oil Co, Ltd class A
1
200
11 Vz
6V4
18-
____^ZZ.-.Z.—__V ' 'V-':•
LeMur
of
Douglas Aircraft
195
6
.
18
1
•
1.90
335
•
Tr____r
Acme
Creameries
2
25
32
31-Vz
■
,<V''
Sessions....—/ 6
Medusa Portland Cement—i——*National
32
fj
*
12%
5%
12%
—100
;
*
_
——
380
45
,45
5%
.2
Corp
Company
Consolidated Steel Corpi
Preferred
75
Goodrich, B-:;F———Z/iz_Z—
i
_
8
54
54 vV'
/_z
2%
_
:
Range since January 1
Low
2%
Bolsa Chica Oil
Corporation——_1
Byron - Jackson Co———;
•
California Packing Corp common
*
Central
Shares
High
•
Company
Chrysler Corp
Electric Controller
of Prices
Low
50o
Barker Bros Corp common
Blue Diamond Corporation
45V4 Feb
-
Accessories
Bandini
Jan
14
302
14 Vz
Feb
■
10
113 Vz 113 Vz
113 %
5
Aircraft
Jan
•
11'/«
:
for Week
Range
Sale Price
For
Jan
20
__
43%"
15%
__
96 Vz
45%
/_■«■/ ;
11%
STOCKS—
High
.
.
r
68%
——3
common—
Range since January 1
96Vz
Cleveland Cliffs Iron preferred--—.—*
Cleveland: : Elect 111 -$4.50
Corp
Last
Shares
High
11%
100
1
Controller
Cliffs
for Week
Last
■
Range
Sale Price / of Prices
-
Angeles Stock Exchange
Feb. ID to Feb. 25 both inclusive, compiled from official
sales lists
Week's
Friday
Sales
Sales
Week's
Friday
Los
official sales lists
Jan
/■'/ 12% Feb
Feb
; 3%
Jan
,
'
Mining StocksBlack
Ford Building
DETROIT
Mammoth
Cardinal
Gold
Unlisted
Telephone: Randolph 5530
Cons
Mng
inc.
Co....
•
Mining Co
1
—
/
-
•
Amer
Rad
Smelting & Refining Co
& Std Sani Com
American
Tel & Tel
American
Viscose
Anaconda
Detroit Stock
Couper Mining Co
&
Corp
Company
_
_
...
158%
a
14
_
•
f '■ '-'r•'
-
v
7
''i1 v
%'1.
,v
///
..
50
'•''/__
Par
Mfg common————
Burroughs Adding Machine
Continental
Motors
common
Low
*
Briggs
"Shares/:,:/
Range since January 1
High
Low
Airplane
High
Case
(J
415
27%
Jan
29
Feb
Detroit
Cleveland
Edison
Nav
common -10
4%
12%
290
12 Va
Jan
13
Jan
Columbia
Gas
Detroit
Michigan Stove
Steel
Corp
1
5%
100
4%
Jan
6
Feb
100
3%
Jan
4%
Jan
Commonwealth
4%
475
4%
Jan
5V8
Jan
19%
Jan
Continental
4Vs
Jan
Curtiss-Wright Corp.
19
18%
1,524
Jan
Edison
Vultee
Motor Truck
Federal
3%
3 V4
3%
100
20 %
....5
_
19%
20%
650
17%
Jan
20%
Feb
26%
26%
190
23
Jan
26%
Feb
common
Industries
Wood
...
Jan
Co
Class
A
Graham-Paige
5Vi
Jan
6
Feb
5
4%
Jan
5
Jan
Graham-Paige
3
3%
2%
Jan
3%
Feb
Great
1%
1%
1V4
Feb
1%
6%
6%
100
6
Jan
6%
19
19 V4
602
19;
Jan,
15
15
120
14%
315
8%
common..
Ball &
Bear
Houdaille-Hershey
•
common...
class
Foods
6
B
Hudson Motor Car common—
9%
9%
Hurd Lock & Mfg common
62c
66c
Kinsel
62c
62c
Goodrich
.V.
Drug
common...
(S S)
Kresge
common/
L
"
Corp.
23
common
_
Wheel
Murray
64
5%
56
Jan//
25%
Feb
3%
14%
Feb
4%
Jan
a
Jan
62%
Jan
14%
Feb
6
Jan
34%
Feb
34%
Jan
.
10
mm
70 /
■
■.
....
10%
110
35*4
100
35%
Feb
35%
20
45%
Jam
45%
801
4%
Feb
14 Va
Feb
4%
5
/
14 Vz
5%
5%
130
15
%'fl
395
5%
11%
16
Jan
M0% Feb
Feb
Feb
5
Feb
.
15%
'
150
a31'/4 a31%
,
5
....
8%
20:
a25% a25%
T
__
Motor
Davis
Parker
Peninsular
Pfeiffer
Car
;
5
common—
/•
*'%"V
M—
Jan
Jan
•
15
5% Jan
Feb
5%
;
Feb
6 Va
Jan
':/>'.
V-,
River Raisin
77 c
9 Va-
■
V
•
/
3%
28%
-
yZii
—
Jan
Libby, McNeill & Libby.
'3-%
400
Jan
15%
Jan
Loew's,
9Vt
(Frederick)
Inc
"
370
9%
//
263
1% -■?;
1%
t T
820
North
Feb
23%
Jan
North
York
Jan
Central
Oil
common.
Co
Packard
Pennsylvania Railroad Company—
Phelps Dodge Corporation
Pullman Incorporated
Jan
Jan
86c
Jan ;
18%
Feb
Pure
9%
Jan
Radio
Feb
Jan
Motor
Car
Jan
Feb
Standard
,
28%
4
Feb
91
3%
Brands
9%
Feb
Standard Oil Co
Jan
1%
Jan
Stone
&
Webster
&
Feb
Swift
Feb
Texas Corp
3%
1,050
3%
Jan
3%
Jan
2%
2%
Jan
2V2
Jan
IV2
Jan
Texas
'1%
Jan
174/4
Feb
19
Feb
Gulf Sulphur
Company.—__
Oil Co——
Corp
Corporation (Del).
Jan
3%
Feb
8V4
6Vz
Jan
8V4
Feb
2%
1%
Jan
2 Vz
Jan
Warner- Bros Pictures. Inc
Aircraft
For footnotes
1"
common
see
page
5
871.
150
30
Jan
31
Feb
Westinghouse Elec
6
500
6
Feb
6
Feb
■■■
1%
1,356
98c
Jan
:
1% Feb
Jan
8V4
Jan
9V4
Feb
16 Vz
Jan
18%
Feb
18%
142
18%
Jan
3%
735
3%
Jan
166
26%
Jan
28%
Feb
469
20%
Feb
21
Feb
&
Wool worth Company
Mfg
Co
(F W)
1,533
21
18%
V
115
1
.
10
4
;
'.MMM
MM
Jan
' MMM.:
MM'
15%
Feb
231
9 V4
Feb
lOVi
Jan
175
17 Va
Jan
18 Va
Jan
a84% a85%
15
100
15%
12
12%
'MM
MM
12
550
28% a29%
127
a
a53y8 a53Vs
al04Va
Feb
MMM
12%
Feb
'
■■y
MM
MM
MMM
67
54%
Feb
54%
Feb
400
8%
Jan
14%
Feb
155
27%
Jan
31%
Feb
64
46%
Feb
46%
Feb
130
•/v.
13%
175
13%
Jan
30
78%
Feb
a
103%
a
277
104%
a25%a25%
.'
1%
1%
1%-
1,500
a42% a43
/ 52
60
115
a29% a297/a
,
MM
MMM'
"
13 7/a
- :
Jan
78 Va
Feb
"
—
—
„
—
1%
Jan
5134
1%
'
—
Jan
80
52
.
a43%
■
•
14%
13%
__
Feb
a31% a31%
Va
a35% a36
.....
15Vz
'
a48 Vs a48 % ;v
MM.
'
»
!
Feb
Feb
a9Vz
14%
50
,
19
17%
a53
_100
Willys-Overland Motors Inc.—
.
15%
1,410
12%
a
31
25
19
a28%
in
6
1
a84%
<■
31
—
a9 Va
—5
Western Union Telegraph Co
—
a77% a77%
United States Steel Corp
2%
16
'
Jan
18%
'
<>•
U S Rubber Co
-7%
7
360
15%
Pacific Railroad Company- .100
5
Air Lines Transport
Aircraft
570
17%
M.-.
10
Union
United
7%
a41% a4l%
Carbon Corp
2%
__
Jan
3%
__
Carbide &
3%
31
27%
18%
—25
Water Associated
348
9%
r'.
25
—
3%
*
Feb
31%
20%
V;x.-;
(The)
Radiator
A—1
7%
'vi.c,''
«
U.
class
Feb
Jan
Jan
Jan
17%
—
United
Co
13%
31%
:K
',:V
Union
.
-
*
J)
#eb
A-
Jan
•
Inc
2%
Class B
.'
Company——
9
3%
(N
Jan
Walker &
—
a
2%
:
Jan
12
1%
28*/2
•
a28% a29%
•
15
2%
B
26%
30% Feb
110
'■/: /, 60
25
Inc
2%
class
M-'M
Feb
Jan
18%
'
Brewery common..
common.
.•
8%
a
Jan
United
Cooler
"
1%
a44% a44%
<•
Tivoli
Universal
•
28%
*
-30%
Jan
Jan
1%
■
50
,
Steel Corp
Sears, Roebuck & Co
Socony-Vacuum Oil Co
Jan
19
/—/■
Jar.
400
18%'
sn
Corp of America
3
1%
l
1%
a58% a59 Va
Co—
Oil Co
100
19
80
1
«
Jan
1%
.
10
Feb
/.36c
.
—
Jan
Jan i /
Jan
2%
common—
Jan
7%
*
Inc.
Co—
American
200
■//.
.41%
31*4
_*
RR.._
Aviation,
American
3%
/•9
Jan
al2% al27/8
"
Montgomery Ward & Co Inc
%-.l%
8'
9
41%
31%
——————
Feb
3%
common——
B
-
Jan
3(%
Jan
25
Feb
17%
'.
37 Va
a27% a27%
0
Jan
645" ;:: 3%. Feb
3%
29
"9 Va
y't
:
3%
.17
7
'3%
Paper common.
Standard Tube class
a27%
*
•
70c
•9',
100
:
.
Jan
Feb
1%
...
;
20
75c
725
9*%
28%
f
=
9
common-
Pattern
Canada..
Copper Corp
70c
1%
Feb
17
a31*/8 a31*/8
♦
Kennecott
Tide
Simplicity
of
5%
20
35%
1
Corp
Railway
Jan
:24c
400
18%"
\18%*
■
•.:
*
Motors
Co
410
,
617
a35
Co
Northern
6
a413/a a41%
a35%
a35%
a41% a41%
«
Jan
1%
1,050
1%/
3%.
».
•
-'W75c
;
.1
..
Metal Products common-
W)
400
1,650
5%
al7% al7%
—
22V4
1.%.
1
.
Republic
Brewing common.———.—
(H
■
V /:
.;
—.—.
common
75c
•
10
common————
common
Wolverine
l'/z
■
<1
common.—
Chemical Co
Parke,
1
...
.
....
62c
>/ 23%
1%
..
..
Co
50c
500
27c.- 31c
common..—^.i.—
Corp
Packard
1
.
Z—.—
common.
Michigan Die Casting common
Michigan Sugar common—
Warner
24%
100
70
1
...
-
(Del).
International Tel & Tel
Ohio
Prod
Screw
Masco
McClanahan Oil
Class
689
5%
al5% al5%
Feb
New
S.
25%
a64%
50
5
25
Corp
(BP1)
Nickel
Int'l
Jan
•'?
Hoover
Electric
4%
common.
Hall Lamp common—
Stearns
Feb
35 V4
*
__
——
General
5%
Goebel Brewing common
Rickel
43 Va
10%
*
Co
Aircraft
Oil
General
Park
Feb
1,097
mo
_
Corp
Continental Motors Corp..
26%
common._
common
Ejf-Cell-0 Corp common
Motor
Electric
&
4*/4
18%
42%
a29% a29%
Co
Commercial Solvents Corp
:
,275
'
Detroit
Gar
—
.
Tractor
4%
:
common———
Feb
42%
a46% a46%
Co
Caterpillar
Consol
Detroit &
I)
29
■
Jan
Feb
4V4
a
—
9%
36%
157%
3%
25
——
5%
1
Jan
Feb
Jan
a587/a a59%
15
...
9
36%
156 V8
a34% a34%
5
Ry
4V4
^/v
Crowley, Milner common.——_—
4%
80
136
'
12%
•
Feb
465
5%
a62
i
—
Company...
Pacific
Canadian
28%
1
...
Feb
3c
158%
25%
.
'
—
»
....
a9%
a
42%
5
Corp..
Borden Co
for Week '
Range
of Prices
//«/• Sale Price
/ •/;
■;".;
Last
?
STOCKS—
Aviation
Boeing
Sales
Week's
Friday
7%c
lVac Feb
a37%
157%
...5
(111.)
Bethlehem Steel Corp
a
Mi
:
—
Bendix
2,000
a37
inn
:
Topeka & Santa Fe Ry_ .100
Aviation Corp
Exchange
2c
a9%
_*
Co
Atchison,
Feb. 19 to Feb. 25 both inclusive, compiled from official sales lists
4,000
2c
>
7%c
Stocks—
Amer
Armour
7%c
'MM
a39 Va
52
476
Feb
53
Jan
13 Va
13 Va
180
12
Jan
13%
Jan
a41%- a437,a
100
42%
Feb
42%
Feb
Feb
94%
Feb
Feb
7%
Jan
94
V8
94 Va
143
93
a6%
a634
10
6
185
37
a39*/8' a39%-
•
V4
Jan
37
;
Jan
Monday, February 28, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
OTHER STOCK EXCHANGES
Week's
Last
Philadelphia Slock Exchange
Feb. 19 to Feb. 25
both inclusive,
Friday ■'
'
for Week
.
1 Sale Price 1 of Prices y Shares
STOCKS—
•
—m
Rfnr-
Low
15%
WJK1M*
«»*
9«
67/4
14% Jan
220
146
15
—
Range since
.
High
Low
par
6%
San Toy
High
Mining
16% Jan
158%
20%
Jan
5% Jan
82 y4
cSS 1EL———::i»
tl tit
91/4
iS
#!%»?
6%
6A
"S
1,581
2,787
6
155
46%
—^50
preferred"::..::——---.—..50
United States Glass
common
Steel—
Air Brake—
...
Vanadium Alloys
7%
80c *
u$3eprSedomT:::::::::::::~«
118
665
w«SSnd coaf::::::::::::::::2o
Feb
6%
Feb
Feb
25%
Feb
118%
Feb
Feb. 19 to Feb. 25
::
$
2%
0.356
New York Stock
24%a
24%
w
Phone
,
CEntral7600
Chicago Board of Trade
Bell Teletype SL 593
St. Louis Stock
Low
Range
common.—*
——-
—
Jan
8%
Laclede
14%
Feb
Midwest
3%
Jan
4%
Jan
Missouri Portland
Jan
16'/a
Jan
National Candy common
Rice-Stix Dry Goods common—
Jan
8%
Feb.
16%
8%
195
7
425
8
16%
13
7
Jan
Jan
Sterling
Stix
75c
43%
75
41
Feb
43%
Feb
6%
1,600
6
Feb
6%
100
Feb
66%
Feb
common
Fuller common...
65%
&
Baer
Wagner Electric
common.
LISTED MARKETS
9 V*
100
.—
—...—-•
common-
100
pfd—
Anglo Canadian Tel. Co, Pfd
Aluminum Co of Can
—50
21%
—.*
,——
Breweries—.
Bathurst Power & Paper class A
•
Bell Telephone Co of Canada
100
Brazilian Traction Lt & Pwr
*
British Columbia Power Class A
*
Associated
Class
B
—;
*
*
——
Mills—l—
Silk
90
97 %
23 %
3
8
Preferred
_—
Canada
Northern Power
5%
preferred
*
Canadian Car & Foundry common—*
New Preferred
—25
Canadian Celanese common—
•
7% preferred -———'
—100
Rights
.
—————-
—100
Investment com
*
Canadian Ind Alcohol common—
*
Class
"B"
•
Canadian Locomotive
*
Canadian Pacific Railway
25
Cockshutt Plow
V
Consolidated Mining & Smelting
—5
Consumers Glass
_*
Crown Cork & Seal Co___
_■____*
Canadain Foreign
—
—
Distillers Seagrams
common——,—*
•
25
Dominion Bridge
Dominion Coal
preferred.—
100
Glass, common
Preferred
;
.
Dominion Steel & Coal B
Dominion
Stores
Ltd
Preferred
_
Dominion Textile common,.
Dairies
Eiectrolux
English
67/a
44
Class
"B"
Famous Players Canadian Corp
Foundation Co of Canada.—
For footnotes see
page
871.
88
Jan
145
96%
Jan
100
Jan
47
Jan
48
21%
Jan
22%
Feb
Jan
97%
47
21%
22%
22
22 J/4
20
21%
Jan
22 V2
15
14%
153% 154
23%
23%
780
13%
Jan
15%; Jari
20
695
•
•
•
3
.
Bridge
Hollinger Gold Mines
Holt Renfrew
Howard
Smith
.
Tobacco
Imperial
24%
Feb
Jan
24
Jan
Industrial
2%
of Can
Acceptance Corp. Com
3 J/4
Jan
International
Jan
8%
Jan
International Nickel of
Jan
International
17
Jan
16%
350
15%
16 y4
2,415
15 y4
Jan
225
6%
Jan
Jan
16 %
Preferred
Bronze
preferred
"mM
6%
56
: 20
104
Jan
108
20
Jan
21
*
8%
9
6%
Jan
44
Jan
41
::
8%
930
27%
155 V
39%
230
145
145%
34
24
66
24
25
10
Jan
27 y2
36
39%
Feb
144
Feb
'
22%t
' Feb
Jan.
Jan
24
Feb
36
41
Feb
147
Jan
Jan
46
24%
J'
Feb
Jan
Feb
Feb
32%
5l/S
5%
46
46
3214
5%
5%
31%
32%
460
5%:
5%
1,745
5%
5%
630
S/v 5
39
36
39
596
& 27
11%
12%
40 !4
11%
12
7,743
10 Va
Jan
12
12%
530
11%
Jan
40
40%
145
39
Jan
41 y2
Jan
28%
29
210
27%
Jan
29
Jan
32
Feb
—
29
32
30
32
K.
:!
Jan
23%
Jan
28
Jan
13
Jan
14
116
Feb
118
Jan
150
Jan'
156
Feb
26V2
1,090 r
;
117%
8
7%
7%
9%
9
9
»
74
7%
50c
8
50c
15%
490
9%
Jan
8
Jan
9
Feb
104% Feb
105
Jan
74
10
.
120
385
25
100
3%
80
25
15%
Feb
6
Jan
11%
Jan
12 'A
Jan
95
100
15%
150
13%
Jan
10
107%
Feb
Mitchell
Mont
Jan
14
1,810
13%
Jan
14%
Jan
11%
12
1,600
10%
2
7
Jan
65
22
Jan
24%
29%
30%
3,530
16%
3,175
-■.
Preferred
National
115
76
Jan
786
21%
Feb
22%
Jan
325
20
Jan
27%
112
112
90
111
Jan
112
Jan
105
105
72
7% Jan
50c
Jan
9y4 Feb
3% Jan
10%
8%
Feb
Feb
Jan
Jan
9%
Jan
3%
Jan
10
24
Jan
25
Feb
425
15
Jan
16
Jan
Jan
76
5
104
Feb
105
Jan
•
25%
25%
60
23
Jan
26
Feb
16
16
15
13
Jan
16
Feb
10%
10%
30
10%
Feb
10%
8
8%
8%
672
8
8
291
18
18
10%
~8%
8
7%
16
190
21
140
14
14
95
34%
34%
42 V:.
42
15
15%
15 Yb
3,378
tk
501
y/-,
Jan
72
5
1,575
75
Jan
41
Jan
13% Jan
15%
Jan
Jan
17
51%
51%
51%
577
48%
25%
25%
182
*
4%
23% Feb
4% Feb
Ottawa L. H. & Power
Preferred
common
Power
Ltd.
Corp
5%
Ltd
preferred
Quebec Power
St
Class
St.
A
Corp
121/4
935
of Canada
3
14%
14%
14%
52
51 y4
52
•
15
15
15%
50
Paper preferred
Shawinigan Water & Power
Sherwin-Williams
8'/a
100
preferred
Lawrence
■y4:
23
;
Pfd
100
127
127
127
Feb
Feb
Jan
12%
3
J an
52
12 y8
3
8%
Jan
55
115
*
common
25
Jan
479
7%
8Vs
Feb
Jan
5
98
96%
25
.
Lawrence
50
23
51%
25%
Feb
96%
8ya
Jan
7 .v Jan
Jan
,
96%
96%
23
24
Jan
Jan
17
Jan
23
»
Jan
43
15%
86
22%
...
34%
Jan
22%
100
Feb
86
~VA
7
19
100
96%
50
Jan
118
V"
•
common
Regent Knitting Common
110
8%
86
v
96%
<■
50
;
•
Canada
Price Bros & Co
24
8
86
*
Common.,.—
of
8%
560
4%
4%
24
.—.—100
u—
Page-Hersey Tubes
Penmans
_*
100
8%
Feb
33
25%
Railways
Jan
Feb
13%
*
Aircraft..—___
9%
Jan
•
common
Feb
Feb
8
Jan
21
21
*
Feb"
19%
20
75
21 %
34%
Feb
8
21'/a
•
Feb
'
75
•75' :•••
21%
__25
Corp.
8
5
'
•
Car
Feb
y
Noranda Mines Ltd
Preferred
70c
v;
Niagara Wire Weaving
Electric
Feb
25
17
Ottawa
Feb
Jan
16%
76
24%
•
v
Ogilvie Flour Mills
24%
31
21%
24
*
common
Car
Feb
15
Jan
76
100
...
;
Steel
Jan
28% Feb
,
Feb
7%
21%
.'T*;'
.100
common.—
Breweries
22
60 M
24%
15%
Feb
12%
24
76
»
__
Tramways
National
Jan
7
22
7.
7
8
Light Heat & Power Cons
Montreal
Jan
21%
«
25
common
Murphy Paint Co
Feb
13%
—_L—'
Cottons
Jan
16'A
108
30%
16%
•
(Robert)
Montreal
95
Feb
common
McColl-Frontenac Oil
Jan
88
*
Ltd
Ltd preferred
Lindsay (C W)
Massey-Harris
Jan
22
Jan
1,025
9%
15%
Jan
Feb
3%
25
__tt
8%
Jan
7%
9%
3V2
■
Legare Co
Ottawa
1,964
105 '
74
45
55
>
9%
9
Feb
37
125
14
12%
Feb
378
156
Feb
29%
26%
14
Feb
12 %
'
34%
35
116
39
Jan
•
25%
156
Jan
760
/
34%
14
116
156
Feb
Feb
5% Feb
Feb
34%
100
___*
Feb
9%
105
*
7
& Sons,
(John A.)
Jan
6%
^ 5%
27%
preferred—100
Lang,
Jan
270
Service
Lake of the Woods common.,,.
5V8
44
Public
Feb
Jan
9,985
43%
Jamaica
12%
Jan
7
375
610
1,137
575
24%-
——100
35
31%
Jan
6%
30
•
Jan
190
39
145
Jan
Preferred
110
ll3/4
/■
Jan
7%
% 10
646
35
108%
15
*
Jan
685
;
12
Ltd
Co
81
12
15
common
1,245
28
•
,_100
Power
Jan
12»/4
13%
25
—
International
Jan
150
105%
8%
7% Jan
Feb
Jan
27%
_•
5
Canada com__*
Paper common
94
12%
28
—_£1
Jan
16%
common
Preferred
Feb
Feb
107% 107%
15
107 Vz
,»
Imperial Oil Ltd,—,,
Feb
90
95
loo
_
9% Jan.
87
11%
11%'
•
common.
Jan
11%
6%
,—100
Hudson Bay Mining-
Jan
8
155
Paper
127
5%
5
preferred
Preferred
23
75
8
common
Jan
85
20
94
11%
6%
Hamilton
Wares
87
93
8%
,
108 J/2 108%
12%
108%
21%
no
23%
2%
8
Feb
156
Jan
153
183
1,595
86
?94:y'%"
,100
General Steel
Jan
97%
47
27 y4
1
Corp
Electric
Jan
358
9%
*
—
98 %
25
90
34%
•
Dryden Paper
Eastern
100
_25
*
Dominion Tar & Chemical common
Jan
90%
12
_—._*
.
Canadian Converters-
Dominion
8'/2
—50
Canadian Breweries common——,——*
Preferred
90
88%
'
•
•
a
Jan
90%
20
Forgings class ',A"__—_—*
Canada
Canada Steamship common
10% Jan
mm* Jan
89
105
High
Low
105
9»/4
87
—100
100
—
Preferred
High
Low
148
91/4
preferred
International Petroleum
common—6%
100
105 %
Range Since January 1
!!§ | !0&
High
9
Gypsum, Lime & Alabastine
Range since January 1
Shares
High
23%
Low
—^s**
common
preferred-,,———
5%%
15%
16
Building Products class A——*
Cold Dredging—_____
5
Bulolo
Canada Cement
5%
Sales
of Prices
—
15
153%
23 »/2
Gatineau Power
lists
for Week
Range
9
Shares
■
compiled from official sales
£oto
Par
———•
for Week
of Prices
Par
,
TVeek's
Sale Price
STOCKS-!-
Range
Sale Price
STOCKS—
Canadian Funds
,
Sales
Week's
Last
Montreal Stock Exchange
Last
9%
9
Friday
Friday
10%
10 y4
Alum
Feb
66%
9ya
10%: 10%
Scullin Steel common
80c
12%
9%
St Louis Pub Serv A common.
Jan
6% Jan
41
12
;
13
41
Cement common- 25
Jan
16%
16%
Supply common-
&
Piping
50c
500
Feb
•
.20
common
200
103
Feb
Jan
Jan
Steel
Feb
16%
65%
25 both inclusive,
Feb
6
Laclede-Christy Clay Prod common. —5
Feb
CANADIAN
Feb. 19 to Feb.
Jan
Feb
11
....
Feb
70c
—
common
4'/a
3%
6
100
!00
Preferred
Monarch
Knapp
43%
_
36%
36 y2
Feb
10%
36%
■
10 y4
common..—...........
3
13
*
6%
7
—
50
Co
Key
1,012
16%
--
10
Supply
National Fireproofing Corp.
Pittsburgh Brewing preferred;
Pittsburgh Coal Co com
5%
7%
7
7
10%
Jan
7%
329
•
1*-
8V<
Gas..——————10
Mountain Fuel
8%
13%
3%
16%
*
Walker Refrac
15
4214 Jan
Jan
40
5%
6
1
High
Feb
3
25
3
4%
—
41'/2
5%
International Shoe common..
Low
8%
5
41%
Co
Hussmann-Ligonier
common
Huttig S & D common.,...;
Range since January
Shares
13%
8A
■
.
High
Low
common
Range since January I
Low
High
Shares
of Prices
Sale Price
Century Electric
High
3
Byers (A M) common—
—
Columbia Gas & Electric common
*
Fort Pitt Brewing—.——————!
official sales lists
Sales
for Week
"Week's
Friday
Last
Shoe
Exchange
both inclusive, compiled from
Feb; 19 to Feb. 25
for Week
of Prices
Sale Price
Par
Bruck
1871
Mercantile Exchange
York Curb Excbange Associate
New
Sales
Range
Last
——
Feb
Associate Member Chicago
from official s^les lists
Week's
Friday
Asbestos Corp
Feb
23%
Exchange
St. Louis Stock Exchange
w.™
JAFeb
22% Peb
both inclusive, compiled
STOCKS—
Aluminium Ltd
33%
Jan
Established
Brown
—
Feb
22%
4th St., St. Louis 2, Missouri
300 North
Pittsburgh Stock Exchange
Algoma Steel com——
Preferred
32%
635
Edward D. Jones & Co.
Jan
Jan
Par
.Lone Star
420
23%
St. Louis Listed and Unlisted Securities
STOCKS—
Harbison
33%
22%
23%
Vh Jan
1%
2%
2 A
Co
1.0C Feb
:
6>/4 Jan
32% Jan
27% Jan
3^3^
34%
preferred
Co..
Feb
Feb
80c
200
:xl ■:::
33
_
__
Chicago Stock Exch,
205
l'/a
1%
Arkansas Nat Gas
Feb
8
6%
*%
25
Blaw-Knox
Feb
5
Feb
576
13,600
Feb
9%
25% Jan
115
35
35%
29% 29%
29%
-----1
SaEDomeC'Corp
Transit Invest Corp
700
8
Feb
29%
27% 28A
28A
3
RMlprete°rre7m0n""":
2nd
4%
Jan
43%
55%
22
19/a Feb
Jan
7c
Members
Co^ofStforT":—
^
29
20^
7c
4%
1
1
5V4
Jan
-3% Jan
5c
_
...
Jan
2c
Jan
5%
J,,
*>
-J
Pennroad Corp
Pennsylvania RR-—————50
Philadelphia Electric Co common—*
_
4%
Jan
6%
S*JS
5% Feb
28/2 29 %
19% 20,a
54%
$Sv&Brgatlon"-—m
1 1i
1I
* S
Springs.
Steel
Feb
230
4%
1
102 Va
Jan
7»/4
Standard
Feb
5'/a
4%
.
1
-
...
Jan
95
86
7%
:——__
Shamrock Oil & Gas common
Westinghouse
we&te.""
5'/a
January 1
High
LOW '
High
LOW
1
Range since January
Shares
101% 101%
100%
_._25
Pittsburgh Plate Glass.. —^—
Pittsburgh Screw & Bolt Corp—
Week's
Range
Last
'
for Week
of Prices
Par
compiled from official Sales lists
Sales
Range
Friday
Sale Price
STOCKS—
...
1,566
50
6% Jan
7% Jan
19
Jan
23'A
Feb
93
Jan
96%
Feb
: 12 y8
Feb
14
Feb
8%
Feb
75
8
Jan
25
21
Jan
428
3
Jan
3%
Jan
475
14
Jan
15%
Jan
340
2,181
3
23
Feb
46%
Jan
53
Jan
15
Jan
16
Jan
127
Feb
128
Jan
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4259
CANADIAN
Week's
Friday
AV
:
:;'v;-:
^■
STOCKS—*
Southern
Canada
Steel Co.
of Canada
Preferred
Tooke
Power—
10%
•■',■15
^ 10 V:-
64%
125
63
Feb
71
110
69
Jan
—-*
•
8 '
85
Jan
7»/4
3%
Jan
350
Feb
'Feb
12
Feb
7 %*
*
common———
Preferred
6%
,
Red
85
75
17%
Jan
18%
Jan
4,587
Jan
7%
Jan
Jan
67%
Jan
Crest Gold
6%
62
•
118
————25
200
19
60
18%
Feb
27%
•
common———
Preferred
118
19
Mfg preferred——-——--100
Zellers Ltd
'
Ltd
Sheritt-Gordon
Gold
Mines
Mines
27%
75
27%
Ltd
300
1.65
600
2c
2,500
98c
98c
600
98c
Feb
5c
'/k'.
■>
:
Shawkey Gold Mining Co Ltd
Siscoe
76c
2c
'
5c
600
/ 4c
Jan
«
...
Sullivan Cobs
Woods
Mines
Feb
f^6(f
1
Low
5%c
1
1.70
1.70
1.75
2.95
2.95
2.95
3.50
3.50
3.50
.
Wright Hargreaves Mines Ltd—
300
1.72
Feb
71c
6,250
Jan
80c
Jan
10c
Jan
Feb
Jan
9c
Jan
6c
Jan
45c
Jan
1.06
:;
2%c Jan
470
72c
46 %C 47 %c
Feb
115
2c
250
71c
;
High
Jan
1.38
2,600
*
*
'.'.'LL'
46 %c
*
Mines Ltd
75c
2,000
]
l
.
.
Ltd
i
Range since January 1
High
Ltd——1
;
..1 'v.-"'-
•
Shares
7'6c
'v
1.65
Jan
Jan
91
for Week
of Prices
1.56
Ltd.
Ltd—.
4%
78
w-v-
66
66
—100
Mines
Pandora Cadallic Gold Mines
Perron Gold Mines Ltd-u„
t
Winnipeg Electric
Mining Corp
Gold
Jan
7%
18
O'Brien
8%
45
85
.
Sales •!.)'
Range
-
ale Price
Low
Normetal
71
18%
85
18
•Wilsils Ltd.
10%
10
t£U
4
4
:
—
•
Preferred——--—100
204
12
12
8
——
Biscuit
'
—
City Rapid Transit common-...',
United Steel Corp.
STOCKS—
Jan
64%
71
Twin
Viaiji
Range Since January 1
10%
-
Week's
Last
Shares
64%
25
common---'
Friday
for Week
71
•
ir
MARKETS
Sales
'
Range
of Prices
—
common—.
—t—
Brothers
Xjast
Sale Price
LISTED
Jan
72c
Jan
65c
Feb
Jan
1.62 Jan
1.80
Feb
2.95
Feb
3.30
Jan
3.25
Jan
3.60
Feb
Oils-
Banks—*
Home
Commerce
'Montreal
—
Nova Scotia
Royal
————
—
-—^-.100
■■<
•
29
134
151
36
150
53
238
33
135
Ltd—
Feb
140
Co
Jan
240
Oil
Feb
140
151
134
150
—
100
.—
—
134.
240
100
—j——100
-i_-
-
Jan
::|v:
Toronto Stock
'
Feb. 19 to Feb. 25 both
Range
Sale Price
preferred
Power
"B"—
2%
p 2%
I,355
33%
33%
445
M.
64
35
American
British
Oil
3%
3%
Columbia
9
9%
Canada &
Canad
130
130
5
Dominion
Canada
Vinegars
Canada Wire
Canadian
V
..1/..
5%
Vickers
65
Feb
Aldermac
24
Ltd
—
Steel
Aluminium
Aluminum
100
common..—
Ltd
106
Co.
Anglo-Huronian
5
Armistice
.
9%
Aunor
135
Bank
2%
2Va
600
Bank
60c
386
Bank
6
6%
iS'
54
95
3 V2
2%
310
of
•
Bear
40
15c
10
10
10
22
6%
6%
80 c
70c
*
...
18%
2%
25
Bob jo
10
29%
385
3%
20
-'v
5%
5%
-20
8
.
_
3%
Ltd
_
_
_
.
•
A—_
.
24 VA
_
_
at
-
'■
23
40c
Inter-City Baking Co Ltd—1
,
Class B
Lake St
60
33
3%
:
Utilities Corp
British
215
22%
Feb
1,957
23%
Feb
40c
Feb
22%
30c
950
'75
45
Feb
45
Feb
17'/a
Jan
20
25
20% Feb
Mines,
B
237%
Jan
233
233
232
50
42
42
10 %c
11c
15
15%
*
54c
Jan
35c
Jan
1st
Feb
13%
Feb
Jan
21
Jan
512
7%
Jan
8%
Feb
25c
Jan
1.00
Feb
46%
Jan
50%
/4
Jan
5%
*
10
225
.■•
Jan
95%
Feb
Feb
37
7
10
Feb
4%
10
■*
Jan
pfd
92%
172
7%
Feb
4%
Jan
Feb
5%
Feb
104%
100
Jan
95
5%
105
Feb
Feb
Jan
100
103
5%
Feb
7
Feb
*
20
5%
Feb
6%
Jan.
__
'•
40
■■5.
140
Jan
5%
Feb
Jan
'
1.75
2.50
Ltd—
57% Feb
Ltd—
Mines
61
J-M
Gold
Consol
Joliet-Quebec
Kirkland
Lapa
Mines
footnotes
see
common.
-
.
8c
Feb
55,086
20c
Feb
•■' ■yyjgy
46
10%C
24 %C
15c
Jan
60 >Jan
4c
1,500
4,000
6,500
27 V
..L——1
1.90
27
1.90
•
-
Calmont Oils
■•Canada
Ltd.—i_t.
.Jan
Jan
18c
1
Jan
Feb
Feb
-14c
Jan
5c
Jan
12
Jan
Feb
23%
23%
1,478
21%
Jan
8
8
10
7%
Jan
24 %
y
8
Feb
Feb
22
965
24
155
23%
24
180
2%
2%
88c
1.05
154,470
7J.C
73c
80,725
21%
72c
^
"
22% Jan .''••*■!
24%
24%
Jan
Jan
Feb
2%
Feb
69c
Jan
1.05
Feb
71c
Feb
93c
2%
618
8V2C
1,000
6%C
Jan.
8%C
Feb
4.00
395
3.55
Jan
4.35
Jan
Gc
7%c
16%
16%
c
16%
i
•-
Jan
8c
6C
320
4c
9
9
6
50
25%
25%
60
11%
11%
15
Jan
110
6
Feb
15%
12,100
3%c
9%c
Jan
17
P
Jan :.'■.-
3C
5,200
■■■
Jan
4c
Jan
Feb
9%
Feb
Feb
6
Feb
24%
Jan
25%
Feb
10%
Jan
11%
Feb
6
'
—
*
2.08
2.05
__
0
*
common-
Preferred
6%
.100
'■•
:.;
—■
.
a
4,575
5
2.23
Jan
25c
5
Feb
GVz
Jan
6%
Jan
7%
Jan
25
46
45%
Jan
21c
341
105 106%
-
1.90
104%
Feb
43%
Jan
140
147
147
3
11%
'«■
—50
——
2,000
25C
5%
6%
*
Co_
2.10
23 c
5%
*
common-
'Canada Cement
Jan
'
30
.
Feb
Jan
23
3.85
—
—
21%
22
•
12%
1,106
9%
!
Jan
35%
107
34%
145
Jan
365
'31%
Jan
19
5
18%
Jan
5%
155
5
46
150
'12%
Jan
Jan
Feb
a
Jan
Feb
V
Jan '•••>
Feb
Canada Wire
Canadian
Cable
&
Bakeries
class B
:
19
*
common
'■
y'
'
35V4
Feb/'
19
5
.
Feb
5%
Preferred
Canadian
Breweries
Preferred
Canadian
of
135
100
6c
Feb
27
1.90
Feb
Feb
40c
100
2 %c
1,097
8%c 10 %c
20,700
3%c Jan
5%c Feb
6c
1,000
8%c
500
91
Jan
92
Feb
132
Jan
135
Jan
7
14.635
'v- 5
■•.
Jan
7
Feb
43%
44
170
40%
Jan
44
Feb
9%
9%
170
8%
Jan
23%
24
200
22%
Jan
13%
410
12
Jan
13%
Feb
9%
9%
660
Jan
9%
Feb
92
100
y-•
m
common
—
'
•':
—
Canners
preferred •
preferred
Canadian Car & Foundry
New preferred ——
——-
Convertible
"U
—
*
common—
-
6%
'
w.
•
Celanese
Preferred
?-
—20
-
*
common.
•
•
——.
V'/
.25
•
common—
———————
Oils
Pacific
Wirebound
Co's
•
—
preferred
.
." "
27%
lr'i
39
~100
Dock—
&
Locomotive
•
8%
:■'
9%
24
Feb
Feb
184
•
24%
Jan
35%
Jan
'
27%
Feb
39%
Feb
L'-;.
■
146
30
144
Jan
16
1^.
I—*
~100
16%
355
15
Jan
17%
Jan
.5%
5%
500
Jan
5%
Jan
'
35
39
135
135
10,261
19
280
1.70
1.70
100
1.08
1.10
1.80
1.82
2,100 1
3,100
11%
15
D
5%
15
12
15
135
11%
Boxes—
195
27%
39%
146
'
:;A
Rv—
Gold Quartz——
Castle-Trethewey Mines
Cariboo
Patricia
68%c
Jan
Gold
—
—
y
1
—j-il
Mines-
Central Porcupine
■
:—
■
1.80
-
Minesl—_—i-
Chateau Gai Wines
11c
Research Corp
——
""l
Jan
Chesterville Larder Lake Gold Mines—1
1.98
Jan
Chromium
COckshutt
38c
Jan
44c
Jan
l'/ac
Jan
3%c
210
147
39
135
10 V#
15
Jan
Feb
1.63
95c
1.62
Jan
Feb
Feb
12%
Feb
19
Feb;
Jan
1.90
Jan;
Feb
1.15
Feb
Jan
1.92
Feb
Jan
Gold
,•■•■;
:_u4
1.52
—
10%c 12 %c
23,000
4%
100
4%
8%c
Jan
4%
Feb
13c
4%
Jan"
Jan
29c
32c
2,800
40c
Feb
1.48
1.55
8,863
1.30
Jan
1.72
Feb
1.27
1.27
105
1.27
Feb
1.60
Jan
Jan
17c
Jan
Mines—.—2
2.00
1.86
2.00
11,850
1.86
Jan
2.08
*
12-%
12 %
12 %
335
11%
Jan
12%
Feb
28c
141,100
15%c
Jan
28c
Feb
29c
Feb
32c
Jan
14c
Mining & Smelting—...—*
Willans
'L
••
——
29%
Coin
Plow
Lake
8%c
Feb
6c
Feb
8%c. Feb
Coniagas Mines
Coniaurum
Co——
—
Commonwealth
6c
8%c
25
39
13%
Commerce
1st
Feb
92
133% 134%
—
Bank
Jan
2%c Jan
40c
8 %c
Feb
Jan
26%
Jan
9c
lie
65o
.
2%c
?—1
Jan
Feb
Jan
tf
Bread
Cochenour
_——_*•
Jan
Jan
..
Dredge
6c
—1
5,100
1.05
•
Industrial Alcohol A——
66c
871.
9c
IplfT'r-y
Canadian
4%c
Ltd——4—-
page
Jan
Jan
tt
Canadian
4c
Ltd
8%
43%
2%
•
Feb
65c
Ltd.——1
Gold Mines
25
30
67 c
11%
*
Feb
5%c
Ltd.
Mines
Gold >Rand
Cadillac
For
Mines
Gold
9
46
|i1"■
-
21%
'»:• /
Francoeur
Feb
20%
_
12
Ltd—— 1
———i.*
Ltd.
51c
,
23%
—
preferred
—'
Calgary & Edmonton Corp Ltd
Chemical
Mines
Malartic
Mines
Mines..
Jan
Ltd——i
/-• ff
Jan
;
5
•
Feb
2.000
•
37c ;
Feb
2,015
21%
—
20%
2,800
'Canadian Malartic Gold Mines——:.*/
Dome
71,492
25%
157
12
3
preferred
Central
'.East
Ltd.
12
5,000
Mines Ltd..—
Mines
Jan
Jan
20c 24 %c
v;
•>
Mines
152%
26 Va
*.;v
175
t__
:Bouscadillac Gold Mines Ltd—
Gold
195
190
23%
*
s
210
Gold
Jan
9
8
V'
A_
Mines
Gold
Canadian
Cadillac
Feb
2.45
4%
21%
23%
—
class
———
Canadian
Central
59 %
Jan
Feb
26%
•
Gold
Canadian
.'.Gartier-Malartic
Jan
1.75
35,600
11%
■■
—
Steel
Canadian
119
i
Corp
21,850
8%c
11%
*
Canadian
Copper
36c
74,900
Feb
Ltd H—
—_——
Gold
Jan
Jan
^
Beaufor
15%
9
24 %c
m
Canada Malting
35%
—*
$1 cum preferred—
Aldermac
Feb
Feb
'
Western Steel Products
•
9
Canada Permanent Mortgage
.100
Canada Steamship Lines common-
91 %
5
pfd_
Biewery Limited———.*
v...V
56c
1.99
yy-i'H
46 c
9c
Feb
16
Investment B
Mines—»
11 %c
14%
46
Feb
123
—*
Standard Clay Products Ltd—
Walker-Gooderham & Worts
44%
Jan
■
2nd
Feb
pfd.v——*
common.
Jan
10c
155
it
Products Ltd
Caldwell Linen
18%
19%
-*
Transport Co—
Tel & Power Corp 'A-.
Jan
39 Va
25
153%
48 V2c
Oil
Ankerite
Burlington
Feb
13%
50
Sarnia Bridge Co Ltd new
Southern Canada Power 6%
•>>
25
154
pfd
Power
Canadian
y;
5
*
Oil Corp—
Building
Jan
13
pfd—-——10
•___
24
1,025
Power Corp of Canada 6% 1st pfd__100
6% non-cum part 2nd preferred-—50
^ Common "
54c
1.88
_
Buffalo Canadian
20c
26
*
Provincial
Walkerville
11c
——
——————
Preferred
United Fuel
Feb
240
100
Ltd
Dominion
Buffalo
16%
6,500
100
Noorduyn Aviation Ltd—
Ltd
Jan
Feb
*
pfd
Moore Corp Ltd—
Thrift Stores
Feb
16c
Jan
Jan
1,087
class A.—"
5%
Reliance Grain Co Ltd
23c
Feb
150
Mines
Columbia
'Class
Brown
1,665
24
Montreal Island Power Co
Quebec
Jan
13c
8,850
240
5*/2
Broulan Porcupine Mines,
600
Maple Leaf Milling A pfd—
Ltd
ll%c
82,075
15c
152
1.90
American Oil—
British
3%
———————-1;
Distillers
19 %c
9c
'
75
——
John Power & Paper
Melchers
20c
14 %C
23c
—
—
75
—100
——
Massey-Harris Co Ltd
Jan
_
Bunker Hill Extension
international
Feb
4.15
4%c Jan
14c
3,439
22%
-
......
International Metal..
21c
Jan
_
Corp 5%
Gold
Bralorne
•
33
3%
Companies voting trust
Voting trust
Hillcrest Coll
Jan
3.20
Cordage preferred..—_ „25
Brazilian Traction Light & Pwr com—*
Brewers & Distillers
5
75
%
15
8%
•
Canada
8V2C
7,705
Brantford
2,131
16
m
Ltd-
Fairchild Aircraft Ltd—
of
2,000
135,346
3.55
Mines Ltd
Mines Ltd.
British
Motor
8C
210
3.50
150
British Columbia Packers
Ford
Jan
100
Toronto.—.
Boneial
3%
Fraser
Jan
53c
1
Bread
Blue Ribbon
45
29%
•
my-
.
18c
Jan
*
7%c
Exploration & Radium—,—
26%
v-
-
-
Feb
Feb
13 %c
Bidgood Kirkland Gold—*——
25
Ltd-
12c
42c
Feb
65c
3.55
Bell Telephone of Canada—
,300
18%
*
.100
Kootenay Pr 1% pfd_—
Eastern Dairies Ltd 7% cum pfd_ -100
Aircraft
9,500
Jan
6.60
:
9,018
.
—
Jan
Jan
15,800-
50c
Jan
65c
1
Beatty Bros class "A"
6%
•»
_
6.10
55c
.100
Metals
Rignts
II,525
•
...
Linoleum
Feb
Jan
99%
'
Jan
99
A.
59c
1.196
Jan
10%
Jan
Jan
11
3'/a
15c
'l1:
East
Fleet
18%c
"
.2.50
Ltd
common.....
—-—
■A
1
pfd
—L_...
Mining——
Bathurst Power & Paper class A
Base
75
53
Square Corp..
Paper Co
1
Feb
Feb
Jan
18c
88
9,900
,
13 %C 15 %c
45C
;
Ltd.
of Montreal—^
of Nova Scotia.
Barkers
72
6%
52
Mines
1—
Bankfield Cons Mines
151
GOc
:
Engineering Works Ltd
Preferred
64c
13 %c
Quebec Mines.':
Gold
Biltmore Hats
Donnacona
6.60
61c
63c
1
Bagamac Mines
23
150
—
David & Frere, Limitee "A"
Class ,"B".
————
&
11,900
'25.-.
9%
110 % HO'/a
.
•V
Woollens
60c
1
Astoria
55
—
Cub .Aircraft Corp
Oilcloth
59c
6.45
Feb
1.62
14c
\
96
v
Jan
14%
Jan
9
45
i-
15c
385
Jan
;
3% Jan
36%
1.10 Jan
12c
100
90
98
.1
Ashley Gold Mining Corp
235
1*
—
Dominion
9%
.
Corp
Dominion
9
88
Jan
Jan
12% Jan
'
3,200
97%
45c
730;;
common-
Preferred
dominion
15c 15 %c
High
Low
2%
27%
■
5
88
Gold
92
100
Consolidated Div Sec A—
Dominion
500
60c
Aquarius Gold Mines
Arjon Gold Mines——
Beattie Gold
Paper
4,000
12c
9%
•
—
45%
—i
———-
Consolidated
1.50
97l/2
pfd._100
»<
20'/a
common—___4
Ltd
14%'.
15 %c
*
5%
Ltd
92
*
Westinghouse Co LtdCassidy's Pfd
Alcohols
100
1,245
--4.
•
Canada
20
Pfd—_100
"B"
Canadian
Commercial
;
common
of
.45
—«
—:
2%
33%
12c
.1
*
—
Anglo Canadian Oil
15
100
Company—
'2%.
1.42
*
w
Range since January 1
J
14V4
33%
Consolidated Oils.—_l
Copper
—•
•
pfd
6%'/fl
preferred
cum
Jan
1
preferred
7%
60
common:
Shares
High
32 V4
•
Aiberta-Pacific
6
Marconi
Canadian
Jan
3% Jan
585
23%
;;r
Canadian Power & Paper Inv Ltd com."
1
7
22
.
22
100
—
Industries Ltd
Canadian
36
*
1%
Ltd.—
Cable
&
7
21%
*
•
*
Sugar Co_„
Power
'
*
Packers Ltd
Northern
Jan
2%
150
Malting Co. Ltd..
Canada
Jan
66
.
Calgary Power Co tLd 6% pfd
Agnew-Surpass Shoe
Ajax Oil & Gas—.
2%
27%
268
9%
-100
Co Ltd
High
Low
Abitibl Power & Paper common-—*
6% preferred
:
100
Algoma
3%
*
Brewers & Distillers of Van Ltd
British
§4
■
—*
Corp Ltd
Belding-Corticelli V/o Pfd._
Range since January 1
Low
•
100
-—100
Bathurst Power & Paper
Beauharnois
Shares
High
Low
i
of Prices
Par
for Week
of Prices
Par
Sale Price
Sales
Weevs
Last
V/o
STOCKS—
compiled from official sales lists
Friday
Abltib! Power & Paper common^
6%
preferred
•
inclusive, compiled from official sales lists
Week's
FridaySales
Last
for Week
Range
Canadian Funds
STOCKS-
Exchange
Canadian Funds
Montreal Curb
Feb. 19 to Feb. 25 both inclusive,
•.
Pete—
————
Mines
;
1
*
—.5
"
27c
26c
<—
30%o
31c
2.500
1.22
1.22
100
1.22
Feb
1.42
Jan
1.50
1.55
3,340
1.50
Feb
1.70
Jan
1.22
1.51
Feb
4
f
-r
THE
Monday, February 28, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
CANADIAN LISTED MARKETS
A; A'-A-.-
Friday >'y
f>;;'. Last
Sale Price
■.A*
STOCKS—
Bakeries ———
-•
Mining & Smelting—-.—5
Consolidated
Consolidated
—
Gas (Toronto)
*—100
Pass Coal
*————100
Consumers
35%
85o
Crow's Nest
>
*
———*
Mines.,—A_A—-———1
Cub Aircraft
Petroleum—™
Davies
Delnite Nickle
—
.
-—
—
1,
Nickel Mines
,
Corp—Seagrams common
Denison
Distillers
*
27
Mines
Dome
Dominion Bank —-————-—.100
Dominion Fabrics common—
*
—
*
Foundries & Steel com-—--*
Steel class B—
—2»
Dominion
.—
--
7.4
^
^9
5%
Dominion Stores
Chemical common'—*
& Worsted com—*
Dominion Tar &
Dominion Woollens
————————-*20
Preferred
East
10%c
J
Crest Oil
Malartic
—*
Corp———*
Fanny Farmer Candy Shops
1
Federal Grain class A common—
*
Preferred
—*
Mines—
Kaiconbridge Nickel
———
Federal Kirkland Minihg—
1
Fieet Air Craft-:-/—
—-*
Ford Co of Canada class A
———*
•
——*
Gold Mines—
Gatineau Power common.
5% preferred
^
Francoeur
—
God's Lake Mines Ltd————
"
Gbldale Mine —i.-————-1
Gold Eagle Mines—
1
19c
—
12'Ac
3e
Goodfish. Mining —
Goodyear Tire & Rubber Co
Preferred
;
*
-
------
.
Common
Hallnor Mines
Cotton
Hamilton
preferred
Hamilton Theatres
W -A
Preferred
.
-
.J M,
Jan
4%
>25
4%
Feb
A/ 57/8
Jan
22%
45
19'A
Jan
24
Jan
Sand River Gold Mining-
40
10
36
Jan
40
Feb
■Senator Rouyn;
4c
500
105
5
19
750
7
145
3.60
.5%
15
530
Feb
50
100
Jan
101%
Feb
Jan
5%
Feb
4%
100
5%
A
500
A
1.29
Jan
9c
Feb
Jan
75c
Feb
;,Southwest Petroleum
11 %c
Feb
12 %c
Jan
/ '
4,290
3.30
Jan
10,300
26%C
Feb
590
10%
Feb
125
12%
7%
■
7%
Jan
7%
Feb
24
10
24
20
2,482
15
Jan
20
Feb
102%
103
335
99
"Jan
103
Feb
103
15
99
Jan
103
Feb
113
108
Feb
5.75
31
Jan
23
Jan
21%
965
20%
20%
20%
50
20%
Feb
5c
Jan
6'Ac Feb
3 %c
Jan
CO
23c
Jan
40c
5
Feb
7'Ac
6%c
8,500
4c
2,931
17,960
36c
5C
5'Ac
2'Ac
8,100
1,000
15
100
9.35
9.55
2,730
37c
37c
100
35c
12,650
90c
1.10
12C
12c
2,500
97C
1%C Jan
15%
175
6.45
14%
Feb
50c
Feb
Jan
Jan
17% Jan
6.45 Jan
Feb
70
Walker-Gooderham &. Worts
14%
"
5.95
60
11 %c
13'A
Jan
2c
Jan
6'Ac
Jan
1.14
Feb
90c
Jan
Jan
23%
603
22 'A
3,365
3.40
Jan
3.95
2.18
Feb
1.60
Jan
1.90
7.544
19,600
_:„l
12
50
8%
10
3.75
6
6%
175
14
255
5%c
6'Ac
1.850
8%
8%
20%
20%
7%
common......
Mines
59
—
1.41
Mines.*-—
4%c
Mines
Mines
'
580
4%c
2,50(
8%c
3,00(
22c
5.30C
6%
;
Jan
7% Feb
19%
Jan
7%
6.50C
20c
^,—
;
15
7%
32(
Feb
57'A
8
59%
1.46*
8'Ac
——
Mine?—--
820
"
Jan
1.40
Jan
Feb
9%
8%
61
&
~Z__ 10
Feb
3%c Jan
5%c
Jan
Jan
10 %c
Feb
Beath & Son
24c
J«n
Bruck
8
Feb
18'Ac Jan
Jan
48c
216,30C
19%c
Jan
48c
1,20(
1.85
Jan
2.15
Jan
22c
1,00C
21c
Feb
22c
2E
74%
Jan
83%
Petroleum
For footnotes see page 871.
Mills_A_;J_'4*—-A-—
Silk
Canadian
Feb
!'
'
Steel
47c
58.85C
47c
Feb
43C
19
Jan
22%
Feb
Dominion Bridge
51%
46(
46%
Jan
51%
Feb
Foothills
1.75
1.70
Jan
1.95 Jan
10%
10%
9'A
Jan
10%
Feb
•
11
11%
9%
Jan
11%
Feb
Feb
28'A
Jan
11—25c
9c
28%
9c
27%
8c
Jan
9c
Feb
Corp__
Oil
/-'A
$0,
•'
1.73
Feb
1.64
Feb
Jan
7%
Jan
1.09
Jan
6%
1,500
s
Jan
96c
Feb
75
6%
Jan
7%
Feb
9,025
2.32
Jan
2.75
Jan
124
8.85
Feb
9.50
Jan
1.25
Jan
75c
,
Jan
11,015
blAOO
ll%c Jan
1,000
4%c Jan
23
230
Jan
64c
Jan
250
20
2,500
45
5
510
.
10
BOO
200
395
5,245
2,500
22.200
155
3.500
1,100
6,242
645
10
145
40
25
55
13
196
105%
Jan
7,278
42c
Feb
8,900
64c
Jan
3%c
Jan
1,500
800
27c
Feb
79,432
C5c
Jan;
526
2%
Jan
20
10%
Jan
100 i
Jan
150
.
.
23%
61
Jan
68%
Jan
35
2 29. Jan
25,045
2.04
Jan
500
17%c
Feb
20c
Jan
4%c Jan
1.60 Jan
7 7c
Jan
4,000
5,750
2.00
Jan
Feb
15
Feb
5
2.47 Jan
Jan
16
Jan
Jan
3.85
Jan
87%
Feb
Jan
19%
Jan
45c
Jan
52c
Jan
8
Feb
8
Feb
7%
Feb
3.25
14
80
1,000
15
5,400
85
.
2,154
Feb
38
155
215
Feb
1.80
Jan
3
100
120
5%
Feb
27%
Jan
:
65
Feb
16
130
4%
Jan
10,150
1.S6
Jan
2.48
Jan
886
6.00
Jan
7,00 Jan
35,300
11c
Jan
19c
500
20c
Jan
22c
495
4,50. Jan.
795
Jan
Jan
4.85 Jari
61
J»n
460
57%
Feb
80
20%
Jan
21%
Feb
25c
Jan
26C
Jan
75
Jan
83
Jan
11%
Feb
13
Jan
15
Jan
16%
Feb
4c
Jan
17c
Jan
6%
60%
Feb
Jan
69
90
Feb
92
Feb
Jan
3.50
Jan
4 %c
Jan
4,400
160
50
260
:
71,200
914
335
'
-
57' /
2.95
7,940
5,000
3%c
Jan
20
7 6%
7%
Jan
of
Prices'
*
Jan
Feb
7 %' Feb
8
.•
.
8
6%.
35C
4%
-r,
*J
Oil
&
«
—_—*'■*
C0-J~2
15'A
.
A"
i»__
:_1—
Pend Oreille Mines «Sr Metflls___
Sup'test Petroleum ordinary
Temiskaming Mining LA——
Osisko Lake Mines
•
:
700
A.
1
10c
Feb
3
Feb
38c
4 %
Feb
Feb
Feb
Feb
10
■
Feb
12%
Feb
18
Jan
195
24%
Jan
27
Jan
1.45-
.
71
.
4c;-
A
1.45
Feb
1,125
1.20
Jan
11,000
3 %c
Feb
5c
Feb
54.000
15c
Jan
49c
Jan
-1.35
Feb
1,300
20
20
10
10c
lie
30,300
-
'9,
*
3l'Ac
,
65
1.36
1.35
1.35
i(
Jan
Jan
71
24c 29 %c
24c
1
Feb
6%
Jan
5'A
70
26%'
1.30
3'Ac
1.30
2%
15%
14
3'Ac i
8
71
71
26
26%
/
O
Gas—__—
Selections
/
6%
Feb
1.85
'
Feb
Jan
7,706
3*C
High
Low
%
8
260
•;
6%.
3%'.
Range since January 1
5
75
2%
2%
lists
•*
6%
4 % /: ' •
■
Shares-
tow 'Hioh1;"'
:•
6%
*
'
Construction pfd—
21%
28%
Jan
— -
Disher
37'Ac Jan
0t:.
•
Dalhousie Oil
deHavilland Aircraft common./
Preferred
'■
•"
-
AAlv'
Marconi Cq__
Paper
'
6%.
Ltd class A^__—
Consolidated
Feb
80
■*:'
Feb
1.95
10
-7_„20
Feb
1.26
1.24
Funds
Sale Price
■'
1.75
—
common
-—7
STOCK^-
41c
—
Ltd
Last
50%
-
common
Friday
21%
Power—I-II
common
Jan
2.47
compiled from official sales
'
Week's
Sales
Range
for Week
"
Jan
80
__■
Jan
2.26
,
both inclusive,
Febv 19 to Feb. 25
Jan
21
41c
*
17
Stock Exehange—Curb Section
Jan
6
,
Canadian
Jan
1.56
7c
.
„
Jan
1.93
Gas—„I__I_I
Toronto
Jan
8c
22C
&
Girl Gold Mines—'
*
Mills common.—.—*
Knitting
Jan
7
Feb
5c
York
Jan
15
12c 14'/»c
6% 7'A
65 66%
90
90
2.99" 3.15
4%c ~4%c' ,
j?% 7%77
66%
2.99
4%c
Feb
1.15
Jan
1.050
16% 16%
1_
50%
Feb
13%
Feb
8%
Feb
13
,
•
ion
James-preferred-100
&
Feb
97c
Jan
7% Jan
6
13%c
7%
Vmir Yankee
Feb
15
1
—
50
Jan
Jan
12
U3A
—
Wrieht-Hhrgreaves Mines
Jan
2.04 Feb
Jan
16%
common-
Wood Alexander
Jan
Jan
3.35
10
•
Ltd
43c
1.84 Jan -7
78 7
77
Feb
9
2.25
26c
.25'Ac
77%
Winnipeg Electric common—
Preferred ———
Jan
2.55
3.50
21%
25%.c
Feb
0
:
3,600
16c
22c 22c
4.50 4.55. ;
58
60
21% 21%
60
com——*,
—
*
-—*—1
10c
Jan
2,615
■
Jan
Jan
28c
16
:
Feb
1.45
7%C Jan
200
13%C;
—
Wiltsey-Coghlan Mines
$1.27 Jan
1.24
—•
■
—
pfd——100
Steel Products——4
_—__*
wp.ctons
Feb
16,405
8%
7—20
Western
Jan
14'A
—
Wendigo Gold Mines Western Canada Flour Mills
Feb
Jan
6'Ac
■
Preferred
6.20
Feb
51c
Jan
3 %c Jan,
2.30
13%c
—
—;
.
>1
1
!——1
Oils
Vulcan Gils Ltd—Waite-Amulet Mines, Ltd
82c
Feb
4,630
25
15
' 4,
2.23
. ,,6.20:./6.50,
2.21
Feb
115
25
15
334
2.15
-—
Vermilata
97c
3.75
11
common——
::
'
„;
Jan
Jan
80c
2.28
1.85
Mines
—
Feb
10'AC Jan
"
Muirheads Cafeterias
1.17
2.18
3.40
Light Heat
Preferred
11,366
10
Jan
22,000
627
Feb
Jan
Class B
United Steel
Jan
:9 A.Feb
15%
,
25
15
4%c
7c
5,400
3.50 3.55
—
87%' 87%
10/ 16% ••
50c 48%c 51c
/ 8 ; < - 8 ' •» 8 . ?
.—50
Feb
Jan
975
3.50
——25.
:
•
UDDer Canada Mines Ltd-—.
1
Ventures; Ltd. ——A.—•
■v
Jan
15
"A'i
United Fuel class
Jan
12c
1
10c
4c
——-:_L—
B
Class
Feb
class A_
Corp
United
8%
1.29
100
,
*
7%
;6% 7% ,
* ■/ 36%.
36% .36% :
*. '7 ' A-m: /'
■ 5;"';:5%:{^
Union Gas Co—
Jan
Jan
9.05
424
69
O
Jan
14
17,800
common
Co
;
Jan
1.05
_-
4%
40c
5
V/2
.
2.20
>
*
—
Feb
Jan
65c
.
,.'.2.20
"--v
Jan
3c.
,23,650
Jan
23%
Cons:
1
Toronto Mortgage
————-50
Toronto Savings & Loan:
—100
Transcontinental Resotirces
*r
Twin City Rapid -Transit common——*
Feb
Feb
21%
14
,*
Grocers
5.75
29
'
Tamblyn Ltd: common
Teck-Hughes Gold Mines
Jan
110
Jan
—
common
Preferred
•
Jan
5.00
100
2,848
8C
—
Corp
Feb
3.65
Gold
Oil
Feb
24
13%
Oils
24
Supersilk Hosiery Mills class A—
*
Svlvniiite Gold Mines. Ltd——— J
Jan
Feb
60
^
Gold
Sullivart
6 %
54 %C
30%
Miries-i—————-.1
Feb
Jan
7%
325
1,100
29%
Co of Canada
61c
7%
6.35
_—-„_7,
Gold
Feb
168
Jan
161
59c
15%
Fields
Lake
Steel
Jan
23%
Red
Stedman
Feb
12%
86c
-
Porcupine
Jan
103
—
class A
Gardens
30%
12%
:fe
53c
3%
25
12%
-
—
14%
2,675
13
—
-Preferred
Jan
Feb
76% Jan
38,100
'■<*
s*." '*
I '•
n
70c
Feb
500
1. 09 / „,1.02\ 1;15 /—.
*
3 33/s
... 12'A
12%..
1-. --ia-i •-j24.:'-,,;-34> •
64 A
64
65
- 71
' 70,
71
2.23 > .2.12 . 2,29
—
- 19c . 19c
5%ic
5%c. • 6%c ;,
1.72 . 1.68 1.75
'
Jan
Jan
13
14
32c
V •>
Jan
168
13%
,
''
Standard
3.65 Feb
33c
Jan
1
v'"1
r
13%
Feb
11%
4c'
'
»
:Bros/il.—_LA;_4———^*v
common—-—_*;
Preferred _———~—i
^—-25
Steep Rock Iron Mines^
4.——- *
Sturgeon River Gold Mining
—1;
Sud Contact Mines-—--4_——1;
27%
19%
'
Feb
1.75
26c
80
28% ,. 29
18
16
109 ! 107% ,109
42c , 42c 48c
68c ;•
67c 73c
—
* 4,C,
4c i*
. —27c
27c
*
Springer Sturgeon
—*,
Paving common——_iT—*
12% Jan
Jan
11%
2,975
27c
23%
Lake
Feb
1.06
<;
■
—
—
Jan
60c
■■
6,700
.•
,—
,
_100
Siscoe- Gold Mines
1 '
Sladen Malartic Mines
1
South End PetroleumiU—^4-——*
•
—
41C
3.55
7%
—*:
A——
Feb
1.37
33,330
10 :• 10
8% ;8%:
•
8%
——*
;
B
Preferred
4%c Jan
34,296
12C
11%
f
>10
Ltd common——*:
Feb
4%
17,100
,8.75 9.00
--
Class
.
.
—1
Mines
„i———^
Simpsons Ltd class
Jan
16
15
Gold
—..—J—-—-—-1
Mines
Preferred
•
Jan
Feb
5%
80
37c
Knitting preferred—
Moneta Porcupine
jf
Jan
Jan '
9.35
Corp of Canada
National
3.85
3.50
t
:
Mills
National
Silverwoods Dairies
2'Ac
Monarch
Moore
Jan
100
1.05
Graham
Montreal
4%c
2%c
1.01
Mid-Continental
Model
Jan
10,300
Lac Gold Mines Ltd
McWatters
Mining
Sigma
Jan
20c
20 %
;
Frontenac
Mercury
Sheep Creek
Sherritt-Gordon
Jan
1,500
Preferred
McVittie
Jan
9'Ac
3%c
—.
Mines
McLellan
7%
Jan
10,550
Massey-Harris
McKenzie
Jan
Jan
6,000
v
Mining——————1
Gold Mines——-50c
6%
11%
■
Shawkey Gold
66
17C
8c
■
Shawinigan Water &
Feb
105
Feb
105
1
Ltd—.+.-*«
-—1
Power_——
*
Feb
4c
2'Ac Jan
Ltd———1
San Antonio Gold Mines
Feb
1.30
740
139% .''139%
140'
-4. 1 20% 20%
22'/a
21 22 V2
— • ,205% 205%'
—
4c
4c
—
.3
3'
14% v 14% 14%
3.65
3.65 3.75
6c
6c
6c
^ 44c ,
40o 45c
15%
•. 15 15%
.
5c
6c
—
1.00 1.02
71c
7lc
73c
——10
A Preferred
-l-~
100
St Anthony Gold Mines——
J.1
St Lawrence Corp common—
"
,;
Class A
-50
22%
25
1.06
Leaf Milling
Mclntyre
Royalite Oil Co
Jan
4C
Preferred
McColl
Jan
20%
1.17
Leaf
Maralgo
56%
535
1.14
Preferred
Maple
Feb
.
—1
——100
*,
Canada—
Russell Industries common
3%c
Gold
Malartic
54%
Ltd
Red
Madsen
Royal Bank of
108 109%
MacLeod-CocKsr.utt Gold Mines
Maple
Jan
915
5 %c
Candy—
——
Roche Long Lac ——1
90
5%c Feb
6c
— __
Preferred
Jan
Feb
12
•>b..
class' A—___.
Ltd
5c
Jan
28%
34c
Mines.
Jah
Jan
69c
Jan
\4% Jan
255
—
„A_—_
—A
——— ■
common
84%
12
20
_.
Groceterias
15c
Silk
Robertson
l'Ac
3.45
.
Mines
Macassa
Jan
22%
Co
Gold Mines,
Loblaw
Riverside
5c
:7 87C
Jan.
1.20
11,200
• 5c
24
24 :
28*430 "
"AA.v/:;
45 45V2
8c
8c 8%c.
Reno Gold Mines -A—A*_
18%c Jan
Feb
Banking & Loan——
Lapa Cadillac Gold Mines
Little Long
22'Ac Jan
Feb
55c.
6,412
"la-;-/ v.-.50
*—=—
1
Mills—A———*
Feb
Jan
Jan
21,272
8.85 8.85
1.10 1.15
310 ' 43c ;
,
370
14c
72c
:
65
-50 " 50%
97c • 1.01
1.12
AAA^SAALAVQ;:aaaaaa
17%
6%c Peb
0
2.60
"Queenston Gold MihesAA——a_aa—A--1;
QUemont Mining Co—*———.—*
iiv
•
—
96c
: —
—*
vProprietary Mines —*
15c
2%c Jan
9'Ac Jan
11%
30%
Canada—
trust
———
Power Corporation
——
—
* ■
Premier Gold Mining Co——,—1
Pressed Metals of Amer__—
— 1
Prestott East Domfe Mines——1
Jan
Landed
Leitch
3'Ac
3'Ac Jan
120 (:•
12
Gold Mines—
Lebel Oro
Feb
Feb
21%
Lake Dufault Min^s Ltd
Lake Shore Mines, Ltd^
Laura Secord
Feb
5C
27%
common
Kirkland Townsite
Lamaque
Jan
Jan
9%c
167
Lake
Kirkland
90
12%
Jah
.12
Gold Mines
Ken-Addison
Jan
Feb
5c
13%
——
I"*-''land-Hudson
84
28
—
of
9%
11%
26 %c
A.
—
•
Jan
6,350
.616 .75c
J.
Consol Gold Mines—
Kelvinator
Jan
13,830
3.55
Petroleum
Mines
Jan
46c
1.60
1.50
Jan
4%c Jan
•
'
500
7
Feb
11 %c
4%c Jan
200
37c *
,
Feb
52
48% .Jan
■
3,000
30,650
7,700
16
17
2.00 2.10: :
• 231 ' 231 • •.
1.60 1.65
1.50 '1.55
" *• 7 "- 7 v
96c • L00.
r
7. '7%
2.60 • 2.68
' —: •
.
1,775
7c
35c
,<
■
17
Voting
Feb
25
8% Feb
5.75
International
Mines
4
Jan
Jan
3'A
114,385
pfd__:*_.
4%
Nickel
Jellicoe
Jan
23%
33c
9c
Mining
Jason
Jan
7c
3,500
/"/
5%
103
Mines
Jan
2.05
36c
Jan
Jan
2.80
'
8%
6'Ac
,
50
1.00
Gold
6%
24
International
Jacola
Jan
88
Feb
4%c
21,200
1,000
95
45
101% 101%
11%
;
Mining
Jan
5%
Feb
6%c
Pickle-Crow
57c
A
Waite
Feb
;7%
International
Jack
Feb
32
3%
1.10
Preferred
International Utilities
26
Jan
75
1.06
'
International .Milling
Jan
2i
Jan
1.25. .1.30.
8c
8c
9
9
Partanen Malartic Gold Mines—-—1
Paymaster Cons Mines Ltd
:
1
Penmans Ltd common.
*
Perron Gold Mines——A~A'—*——*-—!•
'Photo Engravers & Electrotypers——*
,
24%
15
ill"—,*
_1
International Metals common
Preferred
Feb
1.89
69c
Jan
4,300
3c 3%c
73c
82c y
40c .40 c A
—
Mines——A.—AAA*..!
Pioneer Gold Mines of B C—
—
1
Powell Rouyn Gold—A—A————-*.1
;
3.90 Jan
Feb
3c
(John) Co.-—
Inspiration Min & Devel
-
Mines Ltd*.,
•
Pandora Cadillac Gold Mines
1
Pantepec Oil Co of Venezuela——i Bol
•
8
82c
40C >*
-■
Pamour Porcupine
Jan
3'A
Jan
Petroleum
Pacific
Jan
2.00
Jan
3
3.25
7'Ac
■'
Inglis
Inter. Bronze pr_
1.66
Refining—,—.:—™*;
1
Pacific Oil &
Feb
12'Ac Jan
Feb
9c
4%C
i;
•
5
—
Feb
4%
3c
———•
A—I— ———
59 %c
30c,
4'A*
28c
8
—
Pacalta Oils
Feb
14 %c
4c
62c
100
-
9
105
.
—1
Imperial Bank of Canada
Imperial Oil
Imperial Tobacco ordinary
11
5%
1.09
Smelting
•
& Erie 20% pd_^
.——100
Huron
•
Bay Mining &
Hudson
Preferred
;
—1,. 29c
*
- <-A •
A——
Crush common
Orange
40
•
^
——-*
Gold Mines
Howey
Feb
Jan
Omega Gold Mines
Jan
Feb
17
6%6
Consolidated Gold Mines—^^-5
—
Jan
1.30
_A
1.72
61C
* A./-
—
7'Ac
15
rV
A*
Oil*
Jan
23
5%
Mines —~————A——---1
Highwood-Sarcee Oils —,———■-*
HolJinger
23
Jan
3.60
Hasaga
Home
Jan
Oils
Okalta
Feb
3%c
1
Mines-—————1
Rock
Harker Gold
Feb
71,100
72c \ 76c
600 ' 60c
1.30 1.30
4% * 4%
1.55 1.75
60q • 63c
__
i
......A
22
'•
A
•'-1
Carpet
Gold Mines
Harding
Hard
Jan
10
22
19
30
—100
—
——
162
Jan
22%
6%
'
—1
*
;
Jan
_
.
4%
M
1
—1
——
Hamilton Bridge
A
O'Brien Gold Mines.'.
Preferred
9%
7%
—
725
22
*
Lime & Alabastine.
Halcrow Bwayze Mines
Halliwell Gold Mines
Jan
common—
5
iV'.'l.LA.''
50
Grull Wihksne Gold A—--T
Guaranty Trust
—— -100
Gunnar Gold Mines Ltd
1
preferred
Gypsum
Jan
29%
Oil
Star
'
4%
22 Vs
—*
—u
37
Feb
North
*
.*
5
15%
13% Jan
380
lie 12%c
12c
"76c
a
Mines——
Canada
22%
0:0..
Preferred
West Saddlery
Feb
9'%
—1
Corp Ltd
Normetal Mining
Northern
Jan
8%
—
——.
Norgold Mines
Jan
4c
7 %c
6%C
4%
.
Grandoro
Great
Nordon Oil
1.00 Feb
4%c
3%c
3%c
Bousquet Gold—
;
1
Mines
-— -—,——*
Great Lakes Paper V t c common
*
V T C preferred—————— — *
Jan
155
5,500
12,500
55% 55 'A
55%
Gtaham
24%
4lc
9
87
12%
9'Ac
4%c
19c
18c
18c
Feb
Jan
26%
/75
30
41,800
175
1,750
11,050
152
30
160
70,400
3,500
3,900
17c 18c
4'Ac 4%c
12c 13c
3c
3c
88
88
18c
4%c
Mining--————1
1
com——*
——_50
Gate
Golden
.
Jan
61c
2.25
High
tow
High
15,<15% A
60c
61c
2.25 2.35
51 % 51%
7C 8%c"
.
* ', 51%-,
A**-*--—-—A*——-//-A...:_1 :V
Noranda Mines
•
34%
32,000
4,900
10
200
10
275
20
31%
4%
76'A
6%c
4
8%
86'A
12
8'Ac
3'Ac
—
12%
9%c
85c
15c
-
3%
26
31
3%
76
6c
4
23%
39c
—
——J00 '
—_—*
Gillies Lake-Porcupine Gold—
1
Glenora Gold Mines——————1
General Steel Wares,
Feb
•
Negus Mines -.-—'J—-—————1
Nipissing Mines
■—*_
5
11,206
3.40 3.40
—
Feb
Feb
75c
?aa
*£8
3%
' —
31%
4%
76'A
6%c
4
24Ve
39c
Players Cdn
Famous
Jan
35%
2,205
475
9c 11c
1.81 1.90
-
Mines——1.81
of Canada B——*
—
Eastern
English Electric Co.
134%
2%c
60
115
12c
ll%c
Jan
65c
22
5% 5%
15% 16 A
—
Jan
34
220
ir.
9
Jan
41%
38%
2,000
o
8%
Feb
128
500
2,000
2,000
65c 85c
15c 16c
05c 95c
2 Ac
3c
34% 35%
,?Z
.5
10
io22% 22/4
22%
23
7 ,8 8 %
—
1
Mining Co....————
Duquesne
.
—
2nd preferred -A—*
Dominion
.
15%
Range since January 1
Shares*
of Prices
low
■,:■'■•■/
——*
National Steel Car
Jan
15
20
325
53
100 '
15'A 15% _
40 40'A
134 134'A
35 35%
.
40%
134
.
Par
A?:iyf:
High
LOW
;
for Week
ttange
Last-:
c
Sale Price
STOCKS—
Range Since January 1
Shares
High
Low
^^00000—
for Week
'
of Prices
Par
-
Sales
Week's
Range
Sales
Week's
Friday
f
20
Feb
1.72
Feb
20
Feb
lie
Feb
Volume
Number, 4259
159
THE COMMERCIAL & FINANCIAL. CHRONICLE
OVER-THE-COUNTER MARKETS
Quotations for Friday, Feb. 25
t
>
Investing Companies
Aeronautical Securities—8,57/;•
Affiliated Fund Inc
.1%
x3.36 :>
3.67 ft
Keystone Custodian Funds-^Series
.
AAmerex
Holding Corp_.j_._10 iV 24%ft
American Business Shares——1
American
Stand Oil Shares
Assoc
,ft:26*/*'%•«,<•
3.72
13.41
14.55
Scries
6%
Series
2
6
ftAxe-Houghton Fund Inc.——-.1
13.50
V A6%
preferred..-'
—5
Basic Industry Shares—....10
Bond
.
Inv
of
Tr
America
',3%
4*4
;
-
3.67
•
•
18.74
S-4^
5
16.67
17.92
Loomis Sayles Mut
5
27.03
29.22-/
Loomis
Bullock
1
14.66
16.07
1
x3.05
5 89
-v
4.71
•
Fund
Inc
Ltd
Fund
Canadian
Ltd..
Fund
lnv
Chemical .Fund-w.-i.L-j.-l^-—1
,
Tel: DIgby 4-4950
-
Preferred
100
-
-1
Commonwealth Invest..
4.65
Investment Trust....—1
Consol
40
Mass
Investors
Mutual
v
(Md)
■
2.35'
—
,
2.16
:1
2.62
2.62
Bell
Teletype NY 1-953
ACrum
A8%
preferred.!———...100
Crum
.
:
-
&
lii|%
preferred———...100
A7%
Cumulative Trust Shares.i.——*
18.27
3.55
-
5,40
——25c
1.19
Shares—
6.15
1
X20.85
Equitable Invest Corp (Mass).B
Equity Corp $3 conv pfd
—1
Fidelity Fund Inc—
*
29.13
x33%
18.36
Industrial Fund,
Financial
Trust Fund
Mutual
Inc.
B
1.75
Fixed Trust Shares A———10
—
2
21.69
5.53
B
—^
——...——
Capital Corp
•
General Investors Trust—.1
General
/•
-
Reserve
Surety...
9.89
10.87
Baltimore American
2%
5.96
6.56
Bankers & Shippers
25
82
67
10.18
Boston
loo
535
560
9.21
10.13
Camden
shares——
-
5.53
Administered
General bond
Industrial
Investing
—
-.1
8.49
5.78
Fire Assn of Phlla
10
Fireman's Fd of San Fran
10
82
.6.44
Newark
4.18
—i—-
55
14.59
Great
Holding Corp..———il
Income
Foundation
C_—_!
■
...5
Bond
Insurance Group shares
Fund
series
A
C———
81c
6.70
U S El Lt & Pwr Shares A—.
2.50
96c
■
B
A Blair
&
AFirst
Boston
1
Rid
Ask
22%
49%
.1
Corp
;
51 %
47%
4 74
33%
Public Service
1973
San
108%
109%
South
102 %
102%
Southern Colo
&
Light 3%s„1973
Public
1973
2%s
debs....
Pipe Line—
..1953
....
108%
1973
_
4%s
Servicfc
3%s
Panhandle Eastern
1972
Carolina
Elec
&
.
108
Power 3%s__ 1968
Power
100%
West
Texas
York
Corp.
3%s
109
102%
103
104%
1973
4%s
Lt
lC4'/a
102%,
102%
1958
Util
101.
&
108%
110
Gas—
■3%S-———1972
99%
10 8%
108%
Diego Gas & El 3%s._1970
Utah
Phillips Petroleum 2%s—..1964 ' 100%
105
Pow & Lt—
106"%
Indiana
104%
(New Hampshire)
3%s series A__
102 %
Power
Ask
(Indiana)—■
E
106%
Figures after decimal point represent
Maturity—
27%
Int. Bate
1944—
1
1944
Chase National Bank
38% ;
Trust
104
104*%
1968
3*/as
...
50%
!
100
21%
47%
14%
15,
;
1,370 1,610,
100.13
100,15
%%
99.23
99.25
%
1
1946..———
1%%
1%%>
/
Bid
V
Ask
100.19
100.21
1
b0.41
0,35%
b0.45
0,40%
b0.70
0 68%
b0.75
1944
0.73%
———
t%s May 1,1944
t7/sS Aug. 1, 1944.:
fy8s Sept.
1, 1944
100.18
1%%
—
t%8 Apr
,
point
Int. Rate
of Indebtedness—
Certificates
100.1
a
....
Oct.
100
100.2
1, 1944_____^
—b0.76.
t%s Dec.' 1, 1944—b0.79>
100.24
100.28
t%s Feb.
1,
1945-
Mar.
1,
——..
1945
0.74%
0.77%
b0,8L:0.79%,
b0.83!
0.81%
15%
36
Obligations Of Governmental Agencies
39
49%
51%
51%
53 %
___100
X208
12%
35%
91%
95%
35%
Bid
38%
218
6
tlV«%
Federal
0.85s
Feb
15,
3s
Apr
...
15. 1944
100.4
100.6
0.75'%
Bonds—
101 &
1964-1944
3%s
Reconstruction Finance' Corp—
1C0.8
b0.90
1946-1944
4s
100.6
tl%
1944
Bank
4S
1,485
15, 1945
Bank—
Home Loan
June
Federal Land
6%
1,440
Ask
Commodity Credit Corp—
37%
25
National City Bank
New York Trust
78%
100.15
99.31
100.16
1945
1,490
49%
74%
100.13
%
%%
32ds of
more
314
Public Nat'l Bank & Trust..17%
Title Guarantee & Trust
12
United States Trust
.100
49
19%
100.6
1
or
175
306
10
Morgan (J P) & Co Inc
46%
162
...
Commercial National Bank &
100.4
one
Maturity--tSep 15, 1947
f0.90s
1..100
Irving, Trust
40%
48%
tDec
Ask
100.1
1945——.——
15,
Bid
%
3A%
—
{Dec. 15, 1945
tMar 15. 1946—;
Kings County Trust.......
100
Lawyers Trust——
.25
Manufactures Trust Co com—20
Conv preferred
.20
.
94 V2
100
3%s series
102%
2%
10
:
Guaranty Trust
103 */4
jPtrst National Bank—
Bid
Public Service
Par
Fulton
23%
99%
Corn Exchange Bank & Trust-20
Empire Trust
50
30%
Quotations For U. S. Treasury Moles
Co..
'
405
393
10
69
;
39%
17.80
16.20
City Banks & Trust Cos,
____20
10
Ask
98%
Corporations
1.13
89%
Trust
V 45
66 %
504
;
405?%
Investment Banking
12.70
____10D
&
37%
1.75
——
25.19
Central Hanover Bank & Trust 20
Bank
U S Guarantee
489
36%
11.63
Par
Co
100
Westchester Eire—2,50
102%
99%
tMar
Trust
27%
105%
Mar 15,
Continental
25%
IT S Fidelity & Guaranty C0..2
V S Fire.....
—.4
48%
125
16*20
12.42
10
28%
19.12
23.17
13.55
X63 %
26%
5
Sep 15, 1944—..
XSept. 15, 1944
Chemical Bank & Trust
10
Standard Accident
Travelers
Fire
Mar 15,
Jun 15,
? Brooklyn Trust
119 */a
16%
.....—.——1973
8.56
7.82
—.
6.13
xl.03
Bank of the Manhattan Co... 10
Bank of New York
.100
Bankers Trust
10
25
__io
Northern
17,49
1
New York
34%
70%
Puget Sound
Union Preferred Stock Fund——.
10
of America
46%
10
%
Iowa
B.
Wellington Fund
Investors Fund C
__io
15*4
66
,
Class, B__———————25c
Series
-
22.29
87c
10*4
Florida Power & Light 3%s_1974
i 4%s
;
...1979
Union Stock Fund B———.
...
9 %
Security New Haven
Springfield Fire & Marine.
'
■
24.81
2.20
291
Seaboard Surety.,
American
3s
's
'
21.76
10.62
281
19*4
Central Pow & Lt 3%s—.1973
':D—i...—1., /•:, 2.13'-
72c
:
24
St Paul Fire & Marine—.62
'/a
«
22
43%"
com.
''28%
10
17*4
Bid
^
2^5
,
ASeries A_—.j.1
5.61
ASeries B__—........6.26
Institutional
Aviation Group shares—
Bank Group shares...
V
^.....1
Trusteed Amer Bank Shs—
1.54
Independence Trust Shares
Securities Ltd—
49
6%
26%
...10
41*4
x2.35
19.91
20.73
49
(Texas)...
Fire..
(P<uil>
36%
4%
86.78
24.06
—5
•
Incorporated Investors—
80,75
1
Investment Corp
Corp of Amer AA__
ASeries
30c
Republic
Revere
16%
33%
.'.
14.72
•
St
Union
1;41
14%
26%
2
">6.58
xl3,82
5.02
18c
13*4
(NY)
50%
84%
3.97
5.95
.
Trusteed Industry Shares..._25c
lOo
10
Reinsurance Corp
.
15*/fl
10.22
1
Trustee Stand Oil Shares-?-
Fund Inc
——
Providence-Washington
10
Ins.
48*4
106%
80%
.5
86
94
101%
—.—10
63%
6
x89 »/2
91.48
x9.37
2'/a
-—1
Series
A Huron
:
24%
5
5%
—_~l~2.50
—_
5
Globe & Republic
Globe & Rutgers Fire
2nd preferred
4.43
4.56
14%
5
Glens Falls Fire
„
23
Preferred Accident.......
102%
4.61
.
13%
21 %
—..5
......
Phoenix
46%
147
Atlanta Gas Light 3s—1963
Blackstone Valley Gas & El—•
6.53
4.02
......_5
5
General Reinsurance Corp
Gibraltar Fire & Marine
-
Fire
River_..._„.......„.2.50
29%
4.04
Investment Co
of
Fire
13.55
Trustee Stand Invest Shs—
4.61
Common
Firemen's
Franklin
•
43*4
141
27%
6.89
Tobacco shares———.———
61%
59'%
7.59
-
X89.66
6.15
Steel shares.————
57%
10
20
50 ;
...
5.59
4.18
shares
^10
Federal
Fidelity & Deposit of Md
6.54
46%
6.58
47%
Pacific Fire.......—
25
Pacific Indemnity Co_.____—10
102%
ASerles
30*4
45%
Northern
43%
Super
5.93
York
27%
10
39%
10.65
7*4
187
10
Hampshire Fire
33
98)4
Inc.——.
6*8
177
27%
30l/a
5
Employees Group
Employers Reinsurance
6*4
25%
37 *4
8.54
10.58
7
.2
Northeastern
10
6.92
-
2
Casualty.,
New
Hartford
State
5.25
Liberty
Amsterdam
New Brunswick
Hartford Steamboiler Inspect..lO
Home
5
8.75
3.66
Utility
5
New
North
x2.21
-
Spencer Trask Fund
—
National Union Fire—.—20
7
7.02
'
Equipment shares—
39%
6
3.60
Sovereign Investors..
RR
36%
3.27
Selected Income Shares..
/
National
Fire
x2.54.
—1
7.60
5.98
16
60
io
x2.63
—
9.60
4.77
57%
14%
57 Va
6.38
Fund,
Mining sharesi
Petroleum shares——Railroad sharesl
54%
10
New
Scudder, Stevens & Clark
Merchandise shares—
25
5%
45%
,x2.02
—1
5.35
:
5%
22 %
19*4
.
•
——
7 96
———
4
22%
40 %
——I!
5.21. '
;—
Low Price Shares
Y_.
9%
(Detroit)..10
___!
17*4
5.85
6.91
-
Ins
21*4
9.69
—
....
8.74
6.29
N
8%
—iu
Fire
Casualty
43%
6.90
4.93
Machinery shares—
Fire
National Fire
Monarch
10
5.24
Selected Amer Shares——i
shares——
49%
10
.i———1——.
7.33
shares—
46%
City of New York
5.94
6.04
Equipment——
Food shares.—————
Fully
5
Connecticut General Life
Continental Casualty
7.76
5.49
—
69
7.40
9.62
...
6.66
Chemical shares.
65%
25
Republic Invest Fund
-
Mfrs
National
Quarterly Inc Shares——.LOo
~
12%
8.72
7.72
Series 1956—
6.68
&
15%
53
42*4
7%
8%
7.93
1—
Plymouth Fund Inc..10c
Putnam (Geo) Fund————— 1
,6.09
6.07
Building shares.—
Electrical
*
39%
1
6.72
Series 1958!————
6.58 ftft 7.24
Mcrch
14%
Iik
15%
82%
5
_
Merchant Fire Assur
12 %
'
52
10
Hanover
shares———.———
Aviation
19'/«
11
American
—
—
Series 1953
....
32.15
34.57
5,23 -ft
5.64
Automobile shares——
17%
13.04
Group Securities—
Agricultural
—2%
Re-Insurance
Automobile
;
Series 1955—
—ft
4.24..
.
Casualty.5
American of Newark
5
American
■
——————I.—
Steel
23.77
4 59
Inc
Invest
13%
Maryland Casualty
Massachusetts Bonding
American
:
North Amer Bond Trust ctfs
North Amer Trust shares
,
Fundamental Trust Shares A—2
Knickerbocker
23%
12
American Casualty
American Equitable
American Fidelity &
7.48
Railroad equipment—^..—.
v
4,15
Fundamental
Shares
9.42
V 3.60
Trust
75
21%
12.10
1
Railroad
1.92
37%
71 Va
10
■
Bid
13*4
80
10
25
Alliance
7,23
———-i
Fire
Insur Co of North America...10
Jersey Insurance of N Y
20
American
5.02
Metals
5.88
A—1
Foundation
36
Homestead
Agricultural
*
6.75
1
Inc—
stock
Oils-
19.77
x5.28
5414
10
Life
Par
142%
51%
4.54
Machinery
-
A«k
134 %
10
'
31.32
34%
First
7.60
Bid
10
x6.58
-
bond series^.*—.—
series..I
Electrical equipment
Insurance stock——.
13.40
Fund
Far
V
Surety
9.26
.
Chemical
22.40
X12.48
Stock
3.33
-
•
Fund——1
Balanced
7.49
2.94
Building supply
1.31
& Howard—
Eaton
Bank
■1.37-
6.93
■
/
—i*
series—
^ b '*
V;
Aetna Casual &
Aetna
1.24
- •-
6.91
Automobile
,
^
11.56
Aetna
Aviation
1
—
D —j—i—2.80
Dividend
10.57
series
Agriculture
■
19.75
Diversified Trustee Shares—
—
10
|
Series—'
New York Stocks
•
,
C
10.91
Inc.i
New .England Fund...—.
__
X4.59
...———1
Delaware Fund.
Fund% 10.15
2d
Fund
Preferred stock
30
4.90
i
22.30
priced stock common
Low priced
28
9.65
4.45
voting shares^.—i^_25c %
-
Income
27%
-
1.19
shares—.—10
B
ACommon
25%
Insurance—
Forster
8.78
1
r
series. B shares.—: 3.55
Bond
Series ACC
38.80
20.74
Securities—
National Security
__
mod...——_il
& Forster common—.10
AA
.100
i__
National Investors Corp—i!—1
Low
Series
Trust
Invest
(Colo)
-.2.16
Accumulative series...——-1
Investors
Natlon-Wlde
5.05
38
Corporate Trust Shares—1
—1
Series AA—-—,—1
mod-.———
Mass
v- 9.39
10.16 ft
2,280 2,380
v.
■■ 143
\ 148
com—100
Securities
Christiana
ii
—
Maryland Fund Inc.— _—.10c
29.49
;
91.40
Fund—;
_•
89.57
Fund-ii.-ilO % 38.02
Sayles Sec
Common
-
3.65
'
Century Shares Trust.—-27.42
•
40 Exchange Place, New York 5, N. Y.
<'•'
>
6.45
.
Manhattan Bond Fund Inc—
Boston
-
13.76
10.68
4.24
i——,
Broad Street Invest Co Inc
'•
26.26
S-3—•—i.———v• v:- 9.71
.
;§|1
& CO.
Members New York Slock Exchange
Members New York Curb Exchange
20.63'■
12.52
,
—.
Knickerbocker, Fund-i...:
104.86-,
17.91
23.90
S-2.———-
v Series
,■
__
100.67
—
Series
Series
*5%
.
K-2
Series S-l.....
.4 '4
11.18
16.31
%
Real Estate Bonds
on
IJlfff SHASKAN
30.87
21.25
■
10.20
...
K-l.—i_—...
^ Series
14.52 ?
.
•
————-1
B-4
•
•29.00
28.15
X19.34
' •
Quotations
0
<<
27.67
!—_L_
—....
Series >B-3—;—;
.
Bankers Nat Investing—
ACommon
B-l
*'
Series' B-2
s?
3.40
Foreign Investing.lOc
For
ft
101ft
103 yV
103,V,
104%
105 ft
103 Va
103%
1955-1945
Other
101
101JJ
1955-1945
3s
Jan.
1,
1956-1946
104%
3s
May 1,
1956-1946
105%
iff
Issuet
S Conversion 3s...—...1946
104%
104%
U S Conversion 3s.;.
1947
106%
107*4
Panama Canal 3s
1961
130
131%
Reorganization Rails
(When,
Akron
4s
and
as
series
& Youngstown—
A
Western
87%
._.._____1988
4%s series B—
1988
Inc
;
92 %
1st
&
Northwestern—
conv
k_.
k__
1st 4s
103$t
102%
67%
68 % %
—....2018
60%
61 %
1st 3-4s income—1993
87%
88%
Minn
1st
Gen
St
Rio
Grande—
4%s
'
Paul & Saulte Ste
income
mtge
4%s__
5%
preferred
4s
—
—_
5%
Mar.
2,
1944-
32*%,
Mar.
9,
•
'
■
>
'/
&
Rio
Preferred
Minn
St
Free
v
t
96%'
97%
1991
60
61
Western
Grande
—*.
Paul
Optional
,
1971
,r__100
&
Ste
v
t
b0.37
0.34%
April 27,
1944-
_uiii
b0.37
0.30%
16,
1944.
_u'—
b0.37
0.32%
May
4,
1944—_
—b0.37
0.32%
May
11,
56*/2'
57%
% Mar.
30,
1944.
—
b0.37
0.32%
May 18,
—
b0.37
0.32%,
1944.
1944.
1944..
b0.37
0.34%
1944.
b0.375
0.35%
1944_.
b0.375
0.35%
May 25, 1944..
b0.375
0.35%
20
44
45
19*%
42 /•
common.—
0.33 Hr
April 20,
23,
20 %
:
ftNo
43
Oil
10%
:—1%
—
Ask
0.33'*
b0.37
0.28%
Mar.
9%
c
Rid
b0.37
1944.
b0.37
Mar.
6,
purchase
1944.
28%-,
April
at
13,
69%
.
M—
c_:—
Pacific
Preferred
com
—
Sault
tor discount
Ask
v-'o i.:-y"April
27%
19
preferred
i;0;v.
'
are
Bid
,{»
Treasury bills-
30%.
com
Common
v
,
M—
108%
-"
preferred—67%
Denver
&
'
Chicago Rock Island & Pacific—
1994
Income
107%'
Youngstown—
Chicago & North Western
4%s_———2019
...
income
&
Rates quoted
,
—2014
!-
Canton
5%
;h;.
Chicago Rock Island & Pacific—
Denver
United States Treasury Bills
Ask
-
4%s.
—
Common
l-4s_..__1989
inc 4%s.__1999
mtge
gen
Bid
mtge
Akron
h
Conv
};
:
Pacific—
Stocks
.
2d mtge
issued)
Bonds—
Ask
Bid
Canton
Chicago
if
:
Bonds—
36 Yi
69%
2
*
24,
Stock
par
of
Co.
Feb.
value,
Ohio
a
Odd lot sales,
common
stock
1944 to holders of
Exchange,
37'A
y
70%
by sponsor
Ex-rights,
r
Canadian
tin default.
or
issuer.
for
b Yield price,
each
record Feb.
market,
fThese bonds
s
four
11,
c
Liquidating dividend of
d Deferred
Cash sale—not
are
one
shares of Adams Oil & Gas Co.
1944.
delivery,
included
in
range
subject to all Federal taxes.
share of Standard
common
f Flat
for
price,
year,
held, pavable
k Removed to
x
Ex-dividend,
AQuotations not furnished
'
THE COMMERCIAL &
FINANCIAL CHRONICLE
Monday, February 28, 1944
19
Feb.
Week Ended
'
BANK CLEARINGS
THE COURSE OF
show an increase
this week will
Bank clearings
cities
week ended Saturday, Feb. 26, clearings for all
cities of the United States, from which it is possible to obtain weekly clearings will
be 10.8% above those for the corresponding week, last year;
Our preliminary total
stands at $8,438,186,352, against $7,618,464,967 for the same week in 1943. At this
center there is an increase for the week ended Friday of 12.0%.
Our comparative
summary
•
■&*.£•V:.+•;+
indicate that for the
for the week follows:
'
Virginia—Norfolk
;: Richmond——.
—
—
Telegraph
-
Chicago.
Boston
'
"Kansas City —
St. Louis
San Francisco
——
Baltimore,——.——
;
cities,
+
4.2
38,097,952
77,9.99,492
24,849,112
245,799,343
+14.9
226,949,174
151,437,104
5,119,653
21,468,465
73,300,000
1,198,328
1,322,796
Total
32,111,000
22,696,228
1,848,974
111,034
4,899,926
—,
249,297
101,709,386
—
40,964,809
456,628,318
(10 cities)-.
98,570,334
————
week—
Total all cities for
r„
±
Indiana—Fort Wayne
!«.
Terre Haute—.
,
Wisconsin—Milwaukee..—,
foregoing will appear
much as the week
going to press.
be estimated.
In the elaborate detailed statement, however, which we present further below
able to give the final and complete results for the week previous—the week
ended Feb. 19.
Fgy that week there was an increase of 27.5%, the aggregate of
clearings for the Whole country having amounted to $11,317,800,559, against $8,879,525,733 in the same week in 1943.
Outside of this city there was an increase of
*23.0%, the bank clearings at this center having recorded an increase of 31.6%. We
group the cities according to the Federal Reserve Districts in which they are located
and from this it appears that in the New York District (including this city) the totals
record
expansion of 31.1%, in the Boston Reserve District of 10.3% and in the
Philadelphia Reserve District of 19.6%. In the Cleveland Reserve District the totals
.Complete and exact details for the week covered by the
in our issue of next week.
We cannot furnish them today, in as
ends Saturday and the Saturday figures are not available at time of
Accordingly, in the above the last day of the week in §11 cases has to
Iowa—Cedar Rapids
Des Moines—
an
Richmond Reserve District of 14.9% and in
Reserve District the totals
by 19.2% and in the Minne¬
apolis Reserve District by 37.8%. In the Kansas City Reserve District the increase
is'16.8%, in the Dallas Reserve District 32.4% and in the San Francisco Reserve
1,530,361
19.4
27,417.000
2,504,747
16,091,000
26.9
8,755,019
35,554,109
1,857,147
8,081,141
5,410,263
27,994,706
17,123,428
7,882,439
+
33.5
9.6
1,092,432
1,325,654
+
14,145,293
2,051,515
3.4
+ 10.4
—
12,254,195
4,989,081
6.8
+
7,706,896
'
3,268,668
.
493,429
+ 53.9
507,362
340,629
+ 31.3
405,192,333
294,115,200
+
25.2
1,235,591
948,365
+
4.5
4,456,101
3,249,754
+ 21.3
1,449,092
+13.4
1,853,244
1,545,016
592,403,182
+27.4
508,855,802
361,360,893
167,600,000
+
15.4
142,700,000
70,041,846
+ 23.3
61,706,840
96,100,000
42,467,914
40,058,948
+
27.9
39,337,823
26.179.59&
1,356,000
1,028,000
+
31.9
811,000
457,000
332,366,971
278,728,794
+19.2
244,555,663
165,204,500
2,081,038
6,654,614
2,975,053
'
——.
.
6,370,432
2,453,171
1,972,009
2,236,469
:
(17 cities)——-——.
Eighth Federal Reserve
Kentucky—Louisville—
Tennessee—Memphis
Illinois—Quincy
754,903,533
District—St. Louis
Missouri—St. Louis—
Total
2,332,294
+
+
86,368,872
51,242,099
Rockford
Springfield
register an increase of 23.8%, in the
Reserve District of 41.0%. In the Chicago
are- larger by 27.4%, in the St. Louis Reserve District
+ 12.8
193.400.000
Peoria-———————-
Total
1,806,739
463,065,370
1,662,177
759,327;
607,920,199
Illinois—Bloomington————.
Chicago—
Decatur-—
!
:
——-
we are
3,269,850
2,553,314
3,216,740
8,415.899
Sioux City—
706,869
4,131,205
33.1
+
30,844,000
3,296,865
4,184,808
8,459,384
39,236,945
2,478,894
15,508,740
South Bend——.
482,818
20.5
+
604,999
36,827,000
...
-
—
5.2
+
4,534,081
3,627,031
—
Indianapolis
$8,438,186,352
—
♦Estimated,
Grand
Rapids
Lansing
5,695,902
636,640
6,865,603
6,035,889
Michigan—Ann Arbor
$7,031,821,960
1,406,364,392
five days——————
District—Chicago-
Seventh Federal Reserve
$5,271,765,095
1,760,056,865
—
—
day,
one.
37,704,207
166,900,000
2,345,195
——
,
Louisiana—New Orleans
<■150,000,000
———_—— %
cities, five days—.
Total all cities,
:
1,392,413
119,117,314
—
Ten cities, five days—
All
2,129,492
17.7
65,582,839
181,711,430
"
Other
25.0
+
11,411,869
—43,662,985
!
Mississippi—Vicksburg
184,774,000
_
.
—
+
2,448,000
57,418,821
-Mobile
130,100,000
Pittsburgh
——
—
Cleveland——-
1,963,999
Alabama—Birmingham
137,344.530
43,683,546
131,760,071
Florlda-r-Jacksonvilie—
246,220,382
—
2,850.000
61,614,873
+15.8
66,666,575
662,541
920,543
5,069,000
Sixth Federal Reserve District—Atlanta-
'Macon——__
428,000,000
Philadelphia .+—
'
;
39,282,724
,
.
—
$3,358,654,902
356,389,508
■-
--
7.1
282,362,194
Columbia—Washington— +
Total (6 cities)—
Georgia—Atlanta
Augusta
1944
Feb. 26
J
York
11.6
+
2,454,582
Maryland—Baltimore
District of
+
155,107,802
South Carolina—Charleston
Tennessee—Knoxville
Clearings—Returns by
Week Ending
Dec. %
$
1,348,491 >
6,356,000
1,505,065
6,808,000
77,204,021
West Virginia—Huntington—
Nashville
New
Inc. or
•
Fifth Federal Reserve District—Richmond—
compared with a year ago. Pre¬
telegraphic advices from the chief
compiled by us, based upon
liminary figures
of the country,
1943
1944
—————
(4 cities)—
—
-
1,199,835
the Atlanta
Ninth Federal Reserve
St.
SUMMARY OF
"
York————12
— 10
7
—
6
6th Atlanta
—
— 10
7th Chicago
~
17
8th St
Louis
4
9th Minneapolis""*'"
7
2d
New
3d
Philadelphia 'i-w
Cleveland
6th Richmond
♦th
"
—
"
"
u
_
"
Citv
Ilth Dallas
"
"
6
—
10
Francisco--
i2thSan
"
"
10
'
772,798,705
723,399,899
282,362,194
456,628,318
754,903,533
332,366,971
238.213,068
325,387,458
173,040,004
"
"
-
—
10th Kansas
566,158,294
m cities
11,317,800,559
York Wj"—---------
5,237,608.741
Total
Outside New
detailed statement
Feb. 19 for four years:
We now add our
-
week ended
3943
,
$
$
646,166,917
1942
$
377,144,479
3,746,809,535
608,181,738
526,291,664
226,949,174
288,078,081
508,855,802
244,555,663
151,359,905
210,776,519
+10.3
+31.1
+19.6
+23.8
i+14.9
+41.0
+27.4
584,257,472
245,799,343
323,945,230
592,403,182
278,728,794 +19.2
172,920,419 +37.8
278,683,033 + 16.8
130,734,744 +32.4
1941
$
252,248,809
2,661,277,470
400,486,250
322,602,590
151,437,104
200,141,287
361,360,893
" 165,204,509
93,592,127
130,680,546
77,478,833
238,814,717
7,389,933.925 5,595,325,135
3,807,450,110 2,499,753,488 .
showing the figures for each city for the
Week Ended Feb.
$
19
First Federal Reserve
District-
569,885
3,605,416
327,439,328
1,005,592
3,537.340
354,766,851
Massachusetts—Boston
—
Fall River-—
——
;
Lowell
———,
972,265
47 5
3,251,296
327,966.762
8.3
+
1.017,540
529,581 :
3.3
—
■
New
r-
512,436 "
New
New
Haven.
15,480,300
572,294
Hampshire—Manchester—
;
,
484,447
;
3,582,483.815
11,705,108
6.182,071
+ 22.0
10,444,163
6.892.091
+
41.9
+
33.3
33',699,242
+
3.2
35,366,767
+
23.1
;
714,745
1,341,151
706,021
.
1
Lancaster
-
Z
Wilkes-Barre
'
—-.
772,798,705
Jersey—Trenton
(10 cities)
Fourth Federal Reserve
Ohio—Canton—-—
5,510.542
141,885,820
256,224.410
20.920,400
1,873,787.
;
;
Columbus
Mansfield
"r
—
Youtierstown—
Per
—
isylvania—Pittsburgh—
Tltal
(7 cities)—
—
—27.0
139,510
98,332
4,119,081
+
20.0
3,218,812
46,169,571
2,222,803
+
35.2
+
30.8
+
55.7
189,692,993
+
8.6
+
28.7
4,119,291.
292,865,649
723,399,899
6.2
1,508,960!
+
20.7.
+
2,762,386b
655,437
-
1,742,496
390.000.000
r..
1,313,375
*
v 7
2,030,803
875,675
1,703,174
3,583,200
1,120,177
19.6
608,181,738
400,486,250
3,052.740
102,453,540
187,575,358
91.1
0.8 0'.
+
tr ■i::
"
+21.5
2,990,200
2,256,761
61,730,865
110.336,030
+
24.3
+
30.4
14,094,100
+
7.7
648,426
516,988
+
30.4
669,760
582,837
210,776,519
130,680,546
+16.8.
2,279,336
♦105,000,000
+ 32.9
2,033,711
1,710,250
+
35.3
99,202,692
60,500,914
+
15.1
9.920.720
9.141.638
+
42.0
+
28.2
2,571.000
1,182,851
5,120,231
2,033,000
997,658
14,014,204
3,024,000
1,429,483
3,095,373
173,040,004
130,734,744
+32.4
120,031,205
77,478.833
Total (6 cities)—.
+
13:1
72,120,728
40,544,152
+
27,4'/
1,069,010
56,906,878
22,149,499
7,033.803
32,515,130
15,072,556
Twelfth Federal Reserve
Washington—Seattle
—
District—San Francisco—
—.
101,522,123
2,622,604
Yakima—
89,886,713
33,733,117
Oregon—Portland
Utah—Salt Lake City
13,883,865
Beach——!
89,757,229
2,058,366
81,242,845
27,494,135
11,676,608
3,220,072
5,215,521
305,251,301
235,552,163
6.180,801
4,356,712
3,244,294
4,617,955
1,466,865
4,021,088
566,158,294
Pasadena—
...
Stockton
Total
(10 cities)—
Grand Total (111 cities)
Outside New York
460,846,083
11,317,800,559
5,237,608,741
8,879,525,733
4,258,785,791
"+10,7+
+ 22.7
+
+
'
18.9
62.0
•
+29.6
•*-1889,219
3,446,409
2,874.724
136,104.000
3,802,157
210,034,000
2,362,253
14.8
3,542,386
1,406,100
2,835,599
+ 22.9
380,900,160
238,814,717
M 27.5
7,389,933,925
3,807,450,110
15,595,325,135
+
+
41.9 +
121.2
+
+
1,140,810
2,865,464
—„i_
•
+ 23.0
2,499,753,488
♦Estimated.
Note—Canadian Bank Clearing
132,457,032
322,602,590
235,953.471
r+24.1
584.257,472
+23.8
526,291,664
~
+
20.1
*
were
discontinued as
of Jan.. 17,1944, page
250, at the last Annual General Meeting of the Canadian
Bankers Association direction* was given that clearings
returns be discontinued on Dec. 31, 1943, in view of the fact
that it had been obvious for some time that the figures did
not correctly reflect business activity, for the reason that
intra-bank items do not pass through the clearing houses.
of Dec.
9,393,000
2.8
2,795,846
-4,083,557
212,236.523
3,430,025
3,512,829
2,417.528
4,987,721
867,452
595,000,000
1,323,520
3,029,902
.+
.
•
205,036
—
3.985,454
4,009,190
5,717,687
379,504
464,629
.
21.5 +:;•
+
:: + 43.3
646,166,917
1,927,791
293,631
+ 38.3
1,061,138+.
2,116,284n
&
417,697
491,367
.
-
144.0
1,804,885+ —60.9
+ 19.5
-
.
.
474,344
71.3
6.7'
+
4,142,400
89.324,437
2,661,277,470
631,000,000-
116,768,310
206,152,121
16,040,300
6,825,777
<
16,411,606
23.226,782
766,432
549,724
2,614,883
4,230,393
149,245,355
'
24,712,140
30,628,643
+
454,708
29,314.159
2,306,926
'
708,867
+31.1 ■/ 3,746,809,535
District—Cleveland-
—
Cincinnati-
1.0
—
4,792,879,540
2,100r389
5,937,100
—;
—
Cleveland
754,000,000
1,835.920
3.356,245
2.028,155
12.5
20.4
75.750
138,576
—11.8
424,732
5,904,711
5.757,986
519.340
5,450.012
6,109,791
373,130
6,282,082,429
,—
93,592,127
Louisiana—Shreveport-
2,555,571,647
9,1
43,524,299
,
151,359,905
+ 14.6
Jose
+ 31.6
District—Philadelphia—
Pennsylvania—AltoonaJ——„—»
778,979'
Total
Falls
Francisco—.———...
—
+
+
1,761,900
65,100,000
>
Third Federal Reserve
New
Galveston——.
San
1,433,163
—
Philadelphia—
3,028,145
142,031,000
16,136,865
4,294,300
1,832,007
—.
Santa Barbara
1,509,632
Northern New Jersey
Scranton—!
37.8
+
District—Dallas-
San
34,772,037
-—.
3,782,663
3,997,636
746.896
:
...
1,162,679
37,400,000
441,554
7,673,463
487,262
(12 cities).
760.237
+ 46.6
2,714.013
2,403.927
.
278,683,033
(10 cities)
•6,438,125
4,620,739,942
1.5
+
9,104,389
.
1,494,011
—.
Newark
917.131
—„
Fort Worth
v;
1,302,818
—,—-——
Syracuse—.
York
252,248,809
377,144,479
;
—
Connecticut—-Stamford
Jersey—Montclair
Reading—
10.3
+
9,868,800
363,256
27,369,120
1,351,039
55,600,000
1,107,829
1,179.853
New
Chester
——
Eleventh Federal Reserve
3,727,239
439,418
18.1
+
1,274.952
27.3
10,608,331
6,080,191,818
14,283,579
8,771,542
—
—
Bethlehem—
St. JosephColorado—Colorado Springs—
725,611
5,403,963
15,805,300
,
•
+ 38.6
372,161,139
78.354,342
i
York
Total
25.6
3.161,917
40.1
+
5,472,587
1,464.436
954,482
206,004,591
Missouri—Kansas City
2,480,654
1,839,057
2,536,603
14,822,651
,
+ 19.2
11,167,800
9,245.233
1,982,025
—
Rochester——
•
6.3
+
'
District—New York-
Elmira——_—.—
;•
963,290
:
36.5
+
1,052,731
364,583
3,657,943
■
+
1,150,971
2,417,959
Wichita—
Wichita
23,937,153
3,307,585
4,643,326
_
California—Long
York—Albany
New
+
6,320,135
.
410,459,686
(12 cities).
Jamestown-——
;
2,434,635
14,064,299
7.530,668 '
Binghamton—
Buffalo——-——'-;--—
.
+
+ 29.7
2,587,346
—
Second Federal Reserve
New
1,095,864
3,559,557
17,668,367
t
Island'—Providence
Total
25.5
1,375,459
4,615,533
Bedford—
Springfield
Worcester-^
Connecticut—rHartford———Rhode
+ 23.7
414,181
4,942,875 &
Lincoln
1.886,232
219,238,245
596,580
309,939
—
-^Omaha—■■■■
550,221
750.132
1.9
+
—
2,781,121
60.248.780
38.1
69,240.787
:
Kansas—Topeka
Total
3,504.479
98,405,916
40.222,847
+
252,650
Hastings:
Pueblo——.
1.7
+ 38.6
+
3,744,792
117,261,356
42,405,348
District—Kansas City-
Nebraska—Fremont
»■
Dallas
840,767
——
58,544,962
4,516,183
1,612,331
1,340,003
5,860,250
.
.
Texas—Austin-
i—
-Boston—
Portland
Tenth Federal Reserve
162,529,793
172,920,419
(7 cities)— —
Total
$
Dec. %
Clearings at—
Maine—Bangor—
.
Helena
1941
1942
Inc. or
1943
$'
120,031,205
•
' 380,900,160
460,846,083 +22.9
8,879,525,733 +27.5
4,258,785,791 +23.0
1944
———
Montana—Billings
Inc. or
Dec. ^
372,161,139
4,792,879,540
410,459,686
6,282,082,429
12 Cities
Paul——
South Dakota—Aberdeen.—
BANK CLEARINGS
1944
Federal Reserve Districts
\
Week Ending Feb. 19
1st Boston
—....
North Dakota—Fargo
Districts:
by Federal Reserve
following we furnish a summary
3,809,546
Minneapolis—
District 22.9%.
In the
District—Minneapolis-
Minnesota—Duluth—.
2,618,796
3,810,106
vj'i'ti)
wnl i
31,1943.
As noted in our issue
Volume
159
Number 4259
THE COMMERCIAL & FINANCIAL CHRONICLE
';v;■:
Redenipfldn Galls and Sinking Fund
/
preferred
and
Extra
4%'
list of corporate bonds, notes,
called
stocks
common
for
Company and Issue—
Allied
conv.
due
debentures,
7%
dated
A,
Feb 29
1934
10G
.
546
Canadian Foreign
Power
1st
Co.,
trust
-
Ltd.,
mtge.
4s,
series
A,
1951
Investment Corp., preferred stock
bonds, series D, due 1962—
Mar
Community Public Service Co., 1st mtge. 4s due 1964—Mar
collat.
trust 6s,
due 1951
Convertible
4%
debentures
due
548
548
Ref; mtge, 7% bonds, serjes A, due 1949——
-Apr
Bendix
>»
conv. debs,
446
550
638
1
»
Mar
due 1947—-Mar
1st
v: v:;:
due
Pacific
384
Crushed
Malting Ltd.
Packers, Ltd.
Permanent
Canada
3-6
5-20
4-20
5-20
3-15
3-
3-15
3-10
2-29
3-10
I'ti
3-10
2-26
30c
$1.50
4-
4-
:
1
J
V;
1
1
3-10
3-20
3-10
25c
3-15
3-
..' 2-19
,
3-
3-14
25c
1
t$1.25
3-20
3-20
3-
3-15
2-29
$$1
4-
1
4-
4-
1
3-31
$$2
1
each
-
7%
Cloth
Corp.
of
Mfg.,
■:
(quar.)
of
com.
(stock
.
$38c
3-
Gulf
1
3-13
/
70-shares held—
.
Maine
6%
3-31
which
we
we
1
6'>-
2-29
$1.75
4-1
lie
643
$1.50
4-
1
3-10
—
81.50
4-
1
3-10
4-
1
—
15c
(irregularis^—
common
■
62',4c
—•—
Strip
4-
$1675
486
Flexible
50
preferred
'&•;
587
•
(quar.>_
4V4'fr
Payment
682
after
the
$2198
Bronze
7rn
(interim)
Southern
&
date
close
of
SEC
business
preferred
conv.
Life
50c
$6
made
to
3-31
3-10
1
3-10
14th
on
.*
;.
60C
4-
;
$1.25
Assurance
Quarterly
at
3-15
$2
Fi1m
preferred
3-15
2-29
3-31
$81.50
Name of Company
P.
W.
Class
B
Properties,
4%. class A
(s-a)—
lhare
(s-a).
______—_
Common
nreferred
Consolidated
$4.50
& Pwr.
Lt.
Payable
of Rec
4-
1
2-23
4-
2
3-31
$2.50
C
Steel
$3
nreferred
(quar.)————
■.$
1
1-20
$1
_——
.
1
4-
(quar.)
i
—
Fibre
1
1
Crowell-Collier
Cutler-Hammer
Publishing
Inc.
David & Frere, Ltd.,
Extra
3-15
1
1
3-10
$1.1214
4-1
3-10
;> 3-13
V
$1.25
4-
3-
2
Co.
(quar.)
(irregular)
class A
(quar.)
—
50c
<
4-
1
3-15
4-
1
3-15
25c
3-15
2-28
aoc
3-24
3-14
4
35c
3-15
3-
$25C
3-31
3-15
3-31
3-15
$ 15c
3-4
1
3-25
3-14
3-10'
,
3-2
3-1
3-f5, '
,2-23
3- 4
.3- 4
:3-15
31'Ac.
4-
1
$1.75
-—
4-
1
$25c
3-22
,
3-22
,
3- 4
4- 1
'
3-1
$1.50
(quar.)—
$1.75
$1-
St
4- l
4-15
,
30c
$1.3) v\
4-1
3-27
25c
Chemical
3-20
3-31
3-20
4- 1
.
75c
2-19
3-31
$L75
2-25
3- 1
$$3 75
(quar.)
com.
3-21
,3-10
37V20
•
3-21
'
3-31
•
(quar.) _
"3-21
,3-31
:3»31
$1.75
.•
Light,
3-31
3-16
3-10
.
'
Corp.—-
(quar.)
$t
Co.-
•
3-30
•
3-16
.
6-1
s
8-10
9- I
12-
——
ll-m
1
3- 1
2-15
-
?*e
4-
3.15
3-15
3- 1
3- 1
$1.50
$l.l°v,
•
25c
4- 1
3-14
1
3-15
3-31
2-28
25c
3-31
2-28
8?4c
4- 1
3-10
1
3-10
Citv
Power
preferred B
&
Light—
—
Copper
Class
(quar.)_—_
—^
——
—
B
(increased■>■_<.
Kidde- (Walter)
1
Filburn
-
Kimberly-Clark
Mill.
D
C
pr°ferr<»d
Kobacker
Lan,snn
$?,50
B
lehn
&
I-eonnrd
Fink
7.% .preferred
Loan
Products
(quar.)——
—
(Ontario)
perticipat.ing
prior
$1.50
20c
3-1Q
.
:
$1.75
3-
1
3- 1
2-21
3-
4-
62VaC
1
3-2(
3- !
35c
d- )
3-14
15c
3-15
3-11
3-13
2t;c
—
•
*
:
3-
'
3-2?
3f7l-c
pfd.
(quar.)
.3-13
87$2C
(quar.)
(quar.)
7r/o
3-15
3- 4
,
3-15
?nc
preferred
preferred
■.
3-15
$$1
—
Lindsay Light & Chemical,
3-10
3-15
— _—
(auar.l
2-17
3-10
•
1
(quar.)__
(quar.)
;
Hoi Comnany
Lincoln Service, common
3-18
4- 1
4- 1
3-15
15c
T o
7f»
-
8714c
>
,
(nuar.)
6%
y ■::
4-
;
75c
$6 n,on-cum. pfd. (quar.)—
(irree.)—
Refineries
1
6214c
& Sessions, common—
nreferred
4-
•',.
■
Ruhber
Stores,
,
1
——__—
(accum.)
(accum.)_.
Co.,
-
1
4-
——_—_
(accum.)_.
preferred
B.)
4-1
3-
$1.50
—
'
preferred
2-29
1
25c
(quar.)„___
,
6%
(I.
A-
—$2
(auar.)_——
Corp., common
G'%-~ preferred
(auar.l—
Kleinert
5c
50c
Co.
&
3-18
.
_
(quar.)_
$4.50 preferred
Drug.
Landed Pinking
$1.75
;—
4-
75c
$1.50
Kinnev Mfg.
3-15
3-
$1.6214
(quar.l^
—
'3-4
$1.75
—
7%
$
*
(irreaular)
3-18
4-1
$1.75
1
3-15
20c
preferred
•
3-15
3-15
Telephone—
Corp.
'
1
4-
•:
44-
25c
(accum.)
(qu«r.)
Diamond
.90c
$1
—
Corp.______
$5
3-10
2-
•
1
2-17
1
a- 1
$1
A-(quar.)—
Kin^s-Countv J.iehting—
.
preferred
3-
6
preferred (s-a)
i:
$12-25.^
4-
$1.12V2
(ouar.)
B
2-15
37'/?c
Kerlyn Oil Co., class A (quar.)——-—-
'j,
(Bait.)—
(quar.)
preferred
Vr
Elec.
3-13
$16e
Minerals
'
12-31
-25c
30 c
7r'r
participating preferred
GVi%
preferred
(auar.)
10c
6-25
9-2-5 -T
$$1.50
Gas
Continental
30c
6-30
9-30
:
Consolidated
3-27
3-1
Johns-Manville, 7% nreferred__^—
St Supply, common (quar.)_—
6c/»: preferred (quar.)
Special
3-25 '
$81.50
Amusement Co.—:
Croslev
A.
30c
50o-
2-28
5-10
Kennecott
Industries—
Consolidated
3-18
3-10
3-
3-15
Katz
(Toronto)-^—
(accum.
3-28
1
3-17
..
$6
2-29
62'/2C
—u_
:1_
"XTJrtsolidated
4-
10c
3-15*
Kansas
(quar.)
Continental
Holder«
3-10
3-15
$1
25c
(irregular)
preferred
8
3-25
4-1
50c
Jefferson Lake Sulphur, 7%
15c
5-15
3-
20c
Joshm Mfg.
v.t.c
3-16
4- 1
6-1
31 YaC
.
(nuar.)
Salt
3-1
3-°9
•
$50
—
1st'nreferred
preferred
3-15
3-15'
3
3- 8
4-1
_—
after
day
4-
3- 3
,3- 3
50c
■
,
-common
4- 3
50c
343i»C
'
(quar.)—
—
<
-
Power,
When
(Irreg.)_
com,
' 4- 5
$dc
■
6//
3-10
3-21
.
Fireman Mfg, (quar.)—30c
Quarterly
30c
QuarteWy
30c
Quarterly3«c
Irving Oil, 6% preferred (quar.)———_____
75c
3-10
,3-31
3-20
4- 3
$1.75
Panpr Co. of rionada (quar.)
preferred
3-10
3-31
:
days
holders
Jst
2-25
5flc
"
1
4-
>
1
$75c
(quar.)—
^
1
75c
•
common
3-10
4-
Iron
2-25
.
6
3-10
3-20'
-
—
pfd—
28
D?,icv,e
International
8-24
1
3-15
75c
—
Consumers
Per
Corporation
4(4, preferred
3
34V4c
Corp. (reduced)
order
Machinery,
and
Industrial and Miscellaneous Companies
Oil
International
3-15
/
Corp.,
be
to
3-
4-
3-
$75c
common
nreferred
conv.
.51 >nr!r
3-3
3-25
$1.75
3-16
:
1
5-
40c
;40c
25c
JnsDiratioa Consolidated Conner
.
of
Shoe
Co.,
are:
Sugar,
IncliTapolis Pow^r
6
3-
3- 4
$1.06V4
Trust
proposed
Consumers
The dividends announced this week
Western
4-
$1.25
—
(ouar.)-
Hvdraulic Press Mfg., 6 %
3-20
3-14
3-13
___
(quar.)__
Investm't
is
1
4-
3-14
3-13
;
•
-
declared.
4-1
v.-
(quar.)
2nd preferred (quar,)_
Fv^e p-»rk Breweries A«ssn
2-28
50c
Quarterly
when
25c
$1.50
7'/
3-15
$1.25
(interim)
Co.
date of such order.:
$2.50
week
3-20
3-15
,
Imperial Life Assurance Co. of Canada (quar.)
Ind^ha 'Gas & Chemienl. $3 pfd. (quar.)—
S-31
15C
(quar.)—
preferred
Commonwealth
487
tin Volume 158.
Department" in the
I
1
25c.
Illinois Ben Telephone
3-15
81.75
(quar.)
—
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
Investment News
2-29
44-
Corp
3-21
50c
Graphite
Commercial
•
<3-10
1
3-31
3-10
25c
Fisheries
Hove Brothers.
6
30C
Coast Counties Gas & Elec., 5% pfd. (quar.)
Commercial Credit. Co.;
common
(quar.)^__
586
3-31
3-15
15c
CoaL^—
InT^sed
1
822
_
Co
preferred
3-
.3-15
4-
3-15
•
$1.75
HoDinge^ Consolidated Gold Mines—
2-21
1
5c
_____
(irreg.)—
preferred (quar.)
Peabodv & Co., common
Cluett
3-
$1
common
Stamping
Cleveland
7■.
,
Alden
&
3-21
3-31
$1.50
Shaft
Securities,
Auto
5<«
show the dividends previously announced, but
-2-29
3-15
.
25c
(qua?.)
7.prior preferred (ouar.)—
3-10
3-
3-10
500
(quar.)———1—___ssS__
Mfg.
;
Master
Clark.Controller
table in
3-15
IV2C
5'^; preferred
3-10
81.75
Chicago Mill & Lumber Co—
.
second
"'2-29
.
2-23
Weather
Transit,
preferred
Chicago
City
a
2-29
3-15
'
683'4C
Hamilton Watch Co.———————————
Harrisburg Steel Corp. (quar.)—
Hart-Carter. $2 convertible preferred (quar.)
Hathawav Manufacturing (quar.l
Haverty Furniture, $1.50 preferred fquar.)_
Helme (G.' W.) Cq„ cpmmon.
3-11
10c
—______—
preferred (quar.)
5^ preferred (quar.)
'
follow with
3-15
5%, preferred B (quar.)
31'4c
Hi"''ok on. corp., class A
2Kc
Class B _______r—25c
3-11
$81.50
Then,
3-31
]2Vac
preferred (ouar.)—
Hercules Powder Co.
3-11
4-
$1,75
3-24
3-31
34%c
7'/"
3-11
1
$1.25
•
——
(quar.)_
Metal
2-12
1
4-1
——
Power, common
preferred
3-
2-29
1
M
common---.
Equipment
Hcwood-Wakefield,
——
Central
1
for
preferred (quar.)
prior preferred (quar.)
2nd preferred (quar.)——_w__
Quarterly
current week.
4-
.
20c
pvc^erred lquar.)————
Guilfcd Realty Co. (Bait.). 6('/ pfd. (accum.)
divi¬
stock
common
4
bring together all the dividends announced the
3-10
—
$1.50 preferred—
Amer.,
share
one
Christiana
In the
2-29
37Hc
5'^
,
2-15
Confederation
we,
2-29
3-15
75c
(quar.)______
pfd; fquarf)__
(quar.)
Precision
2-19
3-15
25c
1 Oil Corp.—
Grtien Watch Co.* com. (increased) (quar )-
3-13
7'■<'
114
Dividends ate grouped in two separate tables.
1
25c
Qroup No.
3-15
1
$50c
$25c
a
3-
3-
Comno
first;
3-
I7V2C
121^0
Fireproofing,
5%%
1
3-31
.
485
DIVIDENDS
A
A
Greene Cananea Copner.
Griesedieck Western Brewery,
"
2-25
$10c
$53c
Celanese
•
644
2-19
______
7'/,. preferred (quar.)
,v
3-11
:■
$$1.50
Chefford
•
1
,
___________
preferred
Great
2-10
3-22
20c
—
774
-
3-
—
i
■
1
2-19
Saddlery. 6% 1st pfd, (quar.)
>6%: 2^d-preferred (quar.)-—
3-13
Charleston
1
4
1
62laC
(quar.l
•
Gorton-Pew
3-13
48
1
common
(quar.)
Glens Falls Insurance (N. Y.)
Gleaner Harvester
3-15
3-31
642
29
3-
3-
10c
Razor, $5 preferred (quar.)_
Glen
6
3-31
Capital Wire
1
1st mtge. 30-yr. 6%. bonds, due 1956-Mar l
Tybiz.e Rayon.Corp., 7% cumul. preferred stock—
Apr
1
Union Investment Co., 5?!; .conv. debentures, due 1946—Mar 15
Western Massachusetts Theatres, Inc.—
1st & ref. mtge. *6%. bonds, series A, due 1959—
Mar
1
Winnipeg Electric Co., contingent certificates
Mar
1
York Corp,—York Ice Machinery Corp;—
1st mortgage 6s due 194**
,_Apr
1
4-
.
—r
-7'preferred (quar.)_„
29
4
3-15
10c
-
485
—Mar
3-
$25c
385
29
3-
15c
General Railway Signal, common
6Va. preferred (quar.)__:
Gillette Safety
3-11
4-
V.
Extra -clu—^
5/^
'
3- 8
3-15
„
preferred
General
3-10
Canadian Western Natural Gas Light Heat &
Power Co., Ltd., 6% preferred (quar.)——
585
1
3-15
15c
—
585
1
50c
GreRt West
(quar.)
participating preferred
Participating
47
Mar
1
3-10
$50c
7Vo
$2365
1
2-23
■
50c
_
3-10
General Instrument
3-11
3-20
75c
Extra
General
2-29
3-10
—
(quar.)
(quar.)
3-20
2-29
_Z__
(quar.)
General Box (quar.)
General Brewing, 6
conv. preferred____
2
15c
(quar.)
Mortgage
•
5Va^
4-20
75c
(quar.)
Steamship Lines—.
Celanese, common
1
' 25c
■
,
(Julius) & Co., common
5%
preferred (quar.)
Gaylord Container, common (quar.)_
2-28
:
(quar.)—
4-
3-15
Garfinckel
3-10
$$1.75
641
to'1954_4_L.-____-™-____-.-_Marl8
this Issue,
Stone, Ltd.
Canadian
47
Texas Power Corp.;.
m
4-1
$10c
:
$6
■
2-29
$50c
Canada Cement Co., Ltd., 6(4/f pfd. (accum.)
dend),
Mar
,
3-31
Stores,
2-17
1
10c
(irregular)
(quar.)
9-15
3-
15c
York,
Forbes & Wallace,. $3 class
/ Foster-Hleiser Co., 6% cl.
2-20
$2 '
Consolidated Copper—
Canada
552
384
452
__
Announcement
(irregular)
Hecla
Canada
552
Mar
bonds dated 1920
1
lTVaC
(quar.)
Utilities, pfd.
Canada
1
Springfield City Water Co., 1st mtge. 4s, ser. A, due 1956—Apr
Corp.—
1st .mortgage 5 (4 s, due, 1949w—_—
——Apr
*
Mills
&
Chamberlin
Purchase money 1st lien. 0%
3-
common
6-15
12-15
25c
(quar.l____
(irregular),
of New
Foote-Burt Co.
2-20
$1.25
Campbell Wyant & Cannon Foundry—
:
*
bonds dated 1925—Mar
Tennessee Consolidated Coal Co.—
1
$1.50
450
Struthers Wells-Titusville
>:•
3-
50C
(accum.)
Co.
Warehouse
Coach
6-30
9-30
12-30
$1.25
Gas
$2.50 preferred
3-18
3-31
B
Food Fair
1
100
1
Ltd.-^~
1943
3-
25c
1
1
of Ottawa—
Southwestern Public Service Co.—4
3-15
$1.75
Callaway
-
2-21
3-16
(irregular)
pfd.
$1.25
(quar.l
3-14
3-15
4-
(quar.)$1.25
Class
3-10
1
15c
Calumet
—-Mar
(quar.)____
3
3-31
$1.25
\
Fitzsimmons Stores, class B (quar.)________
5> participating class A
(quar.)________
7preferred (quar.)
3-23
3-31
3-
4- 1
:
552
-
4-15
5c
lo£
$75c
640
lstimtge. \xUlk bonds, series,A and B_
'
Apr
Sayre: Electric Co., 1st mortgage 5s, due 1947—
Apr
Southern Pacific Co. San Francisco Terminal—
1st ; mortgage bonds--—
1_~—1_—
__——Feb
Southern Pacific RR. Co., 1st refunding mtge. bonds—Feb
Southwestern Light & Power Co.—
;
•
1st imortgagfe bonds,'series A, due 1969——-——Feb
notes,
Ink
California
'
bonds due 1944-1955-
2-29
;
V/c
(s-a$2.50
preferred
preferred
Fiduciary Trust Co.
,3-4
3-15
—
1
Reliance Mfg. Co. of 111., preferred stock-.——
-Apr
Richmond Terminal Ry., 1st mtge. 3%% bonds due 1965_Mar
Rochester & Lake. Ontario Water Co.—
Serial
California
".'.v. A
Canada
—
3-15
— _
—Mar
4%' 2nd mortgage conv, debs., due 1957
4%
Bldgs.,
2-29
&
$1.25
449
Peoples Brewing Co. of Trenton, 1st mtge. 4s, due 1953-Mar
Phoenix Hosiery Co., preferred stock—
—Mar
Price Bros. & Co., Ltd.—
1st .mortgage 5s,. due 1951
Roman Catholic Episcopal Corp.
(quar.)
Terminal
3-14
3-10
87 'be
__
3-21
1
State tax.
Truck.______
29C
1
Co.—
mtge. ser. A 5(4%
preferred
:6%,
Bush
4- 1
(quar.)
$1.50
:
Finance Co. of America at Baltimore—
Class A common
(quar.)
;
-—
common
(quar.$1.25
Fifth
preferred (quar.)———;—
Ring (quar.)_
Co.,
3-14
3-20
Piston
Terminal
639
25
series B, due 1955
Apr
1
Co., 1st mtge. 5s, due 1952—.——Mar 1
Tilford, Inc., preferred stock
—Mar 20
Pennsylvania Gas & Electric Co.—
Saguenay Power Co.,
7%.
4-1
Water
75c
(irreg.)
$1.37'/a
,
(quar.)___
3-6
Railway (quar.)—
common
3-10
3-14
Motor
2-18
3-15
1
Federal
2-29
4- 1
4-
Federal
3-31
3-20
3-31
Pittsburgh RR. guaranteed
Avenue
2-21
3-31
4-
1
4-
2-23
15c
7
3-
*2-26
„
2-26
50c
Compress &
40c
(quar.)—
3-15
3-15
3-10
$1.12ti
Federal
of
-
4-1
Corp.-_-________
3-20
1
3-15
4-1
preferred
$5
4-10
1
4-
50c
$3
3-10
2-28
2-25
75c
3-20
(irreg.)
(quar.)
3-14
4-25
3-10
$1.12Mt
$5
3- 4
1
de Nemours & Co.—
European & North American Ry.
',3-' 7;
;
3-24
$$2
-—-Mar
mtge. 3%s,
ref.
1
75c
Sharpe Manufacturing
3-15
5C
12(40
Corp. (irreg.)_
Fence & Wire, class A (irreg.)——j
&
4-
Co.
4-
Market
Bush
737
&
lien &
4-
25c
—-—
Corp.
(E. I.)
3-1
3-22
Fansteel Metallurgical Corp., $5 pfd. (quar.)
1
,
Co.
w-—---
Eurd
639
Ozark Power Si Water
1st
$1.56
(quar.$25c
Columbia. Packers.
Brown
Corp.—
—:
1
'
*1134
10-yr. 3%-% convertible^-debentures—
Mar 1
7-yr. 2Va% sinking fund debentures—
____
Mar
1
New Jersey & Hudson Ry- & Ferry Co., 1st 4s due 1950-Mar
1
Northwestern Barb Wire Co., 1st 5 (4s due 1945
—Mar 15
Park
3-
(quai\)—
'Extra
Brown
551
$1134
\
Oklahoma Natural Gas
3-18
3-13
:——
Industries
Mfg.
preferred
&
2-25
1
3-10
Less 7 Vac for Pennsylvania
u
'
•
Nova Scotia Light & Power Co., Ltd.—
1st mortgage bonds, due 1957-—
6-
3-31
37'/2C
Malleable
"$5
Erie
3
6-1
7- 1
—1
Elevator
Bucyrus-Erie
Minneapolis & St.-Louis Ry., 4% gen. mtge. inc. bonds_May
Minnesota. Transfer Ry., 1st mtge. 394s due 1956
.—Mar
National Container Corp., 5J/4 %. debentures, .due 1952—Apr
National Distiller* Products
3-
1
25c
preferred (quar.l—
British
551
debentures, due 1952—
Master Electric Co., 3%% debentures due 1953
3- 4
3-15
2-29
2-29
2-23
3-29
25c
$1.75
Society
Harbor
Broadway
351
4%%
3-15
7-
10c
Briggs & Stratton
8
Journal of Commerce
Lukens Steel Co.,
2-24
I2V2C
Brager-Eisenberg (quar.)
Brewers Si Distillers of Vancouver, Ltd.
638
Mar 31
Corp.,. 10-yr. 6 14.% notes, due 1947-Mar
Kresge Department Stores, Inc.. 4% 1st pfd. stock
MaiLeeds & Lippincott Co., 3(4% bonds, dated 1937—Mar
3-15
—
Aviation
Boston
638
International: Paper Co.-—.
Ref. mtge. 6# bonds, series A, due 1955—
Mar
lowa Pwr. & Light Co., 1st;mtge. 4'/iSi ser. A, due 1958—Mar
Iowa Power & Light Co., 1st mtge. 4s, due 1968—Mar
Johns-Manville Corp., l'/o preferred stock--———Apr
3-17
20c
common
;
3-
2-29
,
25c
Electric Storage Battery
(quar.)
Engineers Public Servico, $6 pfd.
$5.50 preferred (quar.)___
,
Insurance
12',aC
2-25
(interim37V2c
Casting
$4.50 preferred (quar.)_
Electric Household Utilities
-
1
-July
4-1
4-
$1.75'
preferred (quar.)—
Boston & Albany RR. (irregular)—.—
■
Corp., 10-yr. 4%
$1.75
:5^
549
Co., 1st mtge. 5s, due. 1950—Mar 11
Mar
3-17
Black & Decker Mfg. (quar.)—
Black Hills Power & Light, common—
,
Hamilton Mfg. Co., 1st mtge, 5s,. dated 1936
Hawaiian Irrigation Co., Ltd., 6%.bonds dated 1909
Hotels Statler Co., Inc., 6% .preference stock
;
Hudson River-Traction: Co.,. 1st mtge. 5s due 1950
2-26
1
25c
,
214
1
3- 8
37 Vic-
(s-a)
Beneficial, Loan
G'r"
Building, bondsdated 1929———
—Mar
1
Firestone. Tire St Rtibber.Co., '6%. .pfd. stock, ser, A—Mar 1
General American; Investors Co., Inc.—
$6 cumulative preferred stock——.
Feb 29
Goodrich (B. F.) Co.; 1st mtge. 4}/4s; .due 1956
Mar 15
Gotham Hosiery Co.;
Inc., 10-yr. 5% deb. due 1946
Maris
3-1
:50c
Life
National
J.
N.
(quar.)__
Co.
/Eastern Racing Assn, (irregular)^.$2.50 $
Eastern Rolling Mill Co
10c.
El Paso Electric Co.
(Texas)—
4
27 82/100c
108
1
3-10
—
Mining—:
3-10
prior preferred (quar.)__:
preferred (accum.
Gr>»
Bessemer Limestone & Cement—
Fenwick
Interlake Iron
Copper
Benton
Elgin, Joliet St Eastern Ry.—
1st mortgage 3^s, series Ai-due
Northern Power
50c
30c
pfd. (quar.)
Inc.—
(quar.)15c
preferred
Eastern Malleable Iron
3-10
3-
3-27
Inc._
Bell Telephone of Canada
548
—-Mar
1952—Mar
——
3-15
3-14
Basic Refractories
Durham Public Service Co.—
Great
Co., 6%
Founders,
6'It
\xhck
1
3-15
3-14
548
—Mar
1950—
Deep Rock Oil Corp., 12-yr. 6% debentures due
1
50c
-
636
3-
25c
Eayuk Cigars,
Cudahy Packing Co.--~
1st mtge. 3%%
bonds, series A, due 1955
4-
50c
Bankers
12249
Mar
$1,50
(quar.)__
(initial)—„
Tobacco——
3-15
(interim)
$1.25
preferred (quar.)__.
$1.12Ja
Eagle-Picher Lead, common
i5c
6% preferred (quar.$1.50
Eastern Gas & Fuel Associates—
11-25
pfd.
Arnold Constable Corp.——
Associated Breweries of Canada
107
Chicago & Western Indiana RR.—
Consolidated Title Corp.,
7%
3-15
■
Common
8-25
1
3-13
75c
common
Apex Electric Manufacturing,
prior preferred (quar.)
Mar 20
1st & ref. 4 xk %
1
12-
50c
u
Andes
1st mtge. 2xk',c bonds, series D, due March 1, 1966—Mar 20
Central Pacific Ry. 1st refunding mtge. bonds————Feb 29
9-
$1.75
(bi-monthly)
Co.,
Cream
Die
du Pont
5-25
Anaconda Copper Mining Co.__—„—
211
I
—Mar
—
6-1
$1.75
pfd.
Tobacco
Type
3- 9
25c
Sumatra
American
■
3-9
1.
_____
;
preferred (participating)
Stamping (irreg.)__
American
635
Apr
Carolina, Clinchfield Si Ohio Ry.—
1st mortgage 4s, series A, due 1965
Central Ohio Light & Power Co,—
.1st mtge. 4% bonds, series C, due Aug. 1, 1964
•
$3
American
May
1
4-
$1.75
(quar.)-
American
11728
Apr
due
4-
Corp.,
Doembecher
2-15
——
Goods,
Service
5
1
Steamship
Co.
Paper
American
bonds
——
1st
American
635
547
—
News
3
3-
———
American
Doehler
4-
25c
common.
$4.50
American Meter Co.
346
Dobeckmun
3-17
20c
Laundry Machinery—
American Locker, $1.50 non-cum,, class ' A^4
American Locomotive, common (irregular)—
7% preferred (quar.)—
731
Dixie Ice
3-31
1
$2,50
American
546
3-
4-20
:
Lines
American-Hawaiian
731
3-15
5-1
3-15
(quar.)
Diana Stores
4-
25c
of Rpg.
3-9
25c
2-14
Holdere
Payable
i5C
Class B
(Cine.)—
(quar.)
6%
Dewey & Almy Chemical,
'75c
__j.
(quar.)
;
vAmerican General Insurance (Houston, Texas)
Quarterly
of
Electric
preferred
American Felt Co.,
1
May
:
50-yr. bonds due 1961
Mar 14
Delaware, 7% inc. debs., due 1978—Apr
1
1st mtge. 3s, due 1963
_Mar
Atlas Oil & Refining Corp., 1st mtge. 4V4s, due
1956—Apr
Avery (B. F.) & Sons Co., 5% notes due 1947—.———Apr
Bangor Hydro-Electric Co., 1st mtge. 314% bds. due 1963_Mar
Bridgeport Oil Co., preferred stock—___
————-Apr
Burlington Mills Corp;, 5% preferred stock
Mar
California
preferred
Export
1
3-23
Oil
2-?S
$$1.25
_
7% pfd. A
(quar.)—
American
Atlanta Gas Light Co.,
;
due 1956
Canadian Canners,
common
(quar.)_:
7%
___Mar 27
Aroostock Valley RR.—
1st St ref. mtge. 4V4%
Armour & Co.
Note,
Devonian
When
:thare
Malleable
25c
Canada, 5% pfd. (guar.)—
preferred
8
4-
4-15
$1.25
American Druggist Fire Insurance
Annual
1
——Apr
_
—
1949
American Utilities Service Corp.—
Collateral trust 6%. bonds, series
Bank
3-
•7 4-10
Dayton
35c
(quar.)—
(quar.)____.
Company
8
15c
—
common
Aluminum Co. of
6%
SI
Per
Name of
3-
.
3-30
$
25c
_____
Corp.
American Envelope,
American Bakeries Co., class A stock—
American 1.-G. Chemical Corp.—
■r-,1,
■
of Re0
3-30
15c
Bearing Mfg.——
preferred
American
40c
,
\
(
Products
Stores,
5%
Date
Acadia Sugar Refining Co.,. ltd.—
4Va % 1st mtge. bonds, due 1955
C73
Hoiaeri
Pav'ble
Share
___
___
preferred
Aetna Ball
redemption,
[-
(quar.)
common
—
Aeronautical
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the ''Chronicle."
514%
Name of Company r
'
Laboratories,
Addressograph-Multigraph
a
When
.
1
Abbott
Rofices
Below will be found
per
.3-13
2-2*
17V2C
3-13
3-*
2-2<
Monday, February 28, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
When
Holdert
Payable
0/ Reo,
Per
"
Company
name of
f
Share
,r
,
preferred
(quar.)
Participating ___
'■59b preferred (quar.)__
,
—•_____
(quar.)___
Repeating Razor, common.
preferred (quar.)
.
<R. H.) & Co.
Macy
$5
Maine
Central
Marsh
(M.)
(quar.)
preferred
77b
(quar.)—-———
$1.75
l°c
25c
—-
(quar.)________—
McEwen, Kaiser Co.
Mav,
'$4
(quar.)
—;
Merchants Refrigeration,
common—
—;
A
Class
Oil
Messer
Corp.__
______—
Machine Co
Mesta
20c
12 Vic
12Vic
20c
62 Vic
(reduced)
Fire Insurance (Denver)
Merchants
$1
_______
_______—
30c
$1.75
$1.50
Meyer-Blanke Co., common (irreg.)
7'/o
preferred (quar.)Michigan Consolidated Gas* 6% pfd. (quar.)
Mickelberry's Food Products-—
$2.40 preferred (quar.)______
Middlesex Water (irregular) _________——-.
Midvale Co.
—s;
■y
60c
50c
' 50c
(quar.)
$1
$4 pfd.
15c
Minneapolis Brewing Co
Minneapolis Gas Light—
-
^
_______
•
Midwest Rubber Reclaiming,
'
J
$1.25
$1.25
'
participating units (quar.)-;
5%
preferred (quar.)___
$5.10 preferred - (quar.)
$5
$1.27Vi/
$1.37!i
6% preferred (quar.)—___________—.— \
$1.50
Modern Containers, Ltd., common (quar.)__
$20c
preferred
5',i9b
(quar.)
Extra
*
—-
5Vi % preferred (quar.)
Mohawk Rubber
,
$10c
^
$$1.37Vi
—
:
*
-
50c '
.
Mutual Chemical Co. of America—
.
Corp.
Breweries,
Nachman
National
7%
$1.50
$1.50
$1.50
$1.50
(quar.) ______
(quar.)———————
(quar.)
—
(quar.)
—■
preferred
;6Vo> preferred
.69b preferred
69b preferred
OVi
Ltd.,
25c
$50c
__________
——
common—
—
(4uar.)_—_—
$44c
iquar.)25c
Casualty Co. (Detroit) (quar.
25c
preferred
Cash Register
National
National
National
City Lines,
25c
50c
75c
(quar.)—
common
(quar.)
—_____
$3 convertible preference (quar.)
A
Class
Corp.,
National Discount
50c
common-..-
(quar.)
,—.—_
Refining
—
National Supply, $2 preferred (accum.)——
6rb prior preferred (quar.)
—
5 Vi Vo
prior preferred (quar.)
—
Naugatuck Water
(irreg.)
—
New Haven Clock, 6 Vi % preferred (accum.)_
preferred
57b
$1.25
.
25c
50c
National Sugar
Inc.
_—
New York City Omnibus Corp,
Niles-Bement-Pond _■
New Idea,.
$1.62 Vi
—-
50o
'
Semi-annual
1st pfd. (quar.)
6%
Publications,
Northwest
Co.—
Oakland
.Quarterly
$1.75
'
2nd preferred (quar.)—_
Title Insurance & Guaranty
7%
50c
50c
$1.50
(s-a)_~
Gas
Northern Liberties
$1.50
$1.37 Vi
75c
15c
(irreg.)—75c
.
—_————•
$1
..
.
(accum.)_
(quar.)—
50c
$1.25
(quar.)__————
Oklahoma Natural Gas, common
(quar.)—
$3 preferred
(quar.)—.
$5.50 convertible preferred (quar.)
$1.50
Ohio
Finance,
6%
prior preferred
5Vo
preferred
Omnibus
Corp.,
Oshkosh
$1.50
Ottawa
Preferred
2-29
Texon
2-29
Tide Water Associated
3-15
3-1
Time, '■ Inc.
2-23
1
7%
5-31
Todd
8-31
■
3-4
Travelers Insurance
4-
4
Twentieth
2-15
2-
8
3-10
3-15
3-15
3-10
3-10
3-
4%
3-13
4-
1
3-24
3-
lyy
2-24
4-
1
3-20
3-
1
2-21
4*
1
3-
1
6%
4-
1
3-
Vapor Car Heating, common
2-19
3-
1
2-19
4-
1
3-20
3-30
1
4-
1
3-
3-30
3-15
2-29
While
1
1
3-10
2-29
Wood
3-20
3-31
3-20
3-20
5-1
3-
3-31
3-16
3-24
3-16
3-13
3-
3-13
7
1
3-
1
3-
1
3-10
4-
1
3-10
Alabama
1
3-
2-18
1
4-
$7
1
3-
1
3-15
-
4-
1
3-15
4-
1
3-15
■
3-
3-10
1
4
3-10
3-23
1
4-15
4-
3-15
3-1
1
3-10
4-
3-31
3-18
3-30
2-29
3-
3-10
3
3-4
3-31
3-
3-31
4
3-10
3-20
4-
1
3-15
Oil
6%
Co.,
5%
conv.
•
2-21
4-
4r25
3-
3-15
6
8
2nd preferred
Rohr
Aircraft
Rubinstein
59b
American
3-211:
American
$2.50
3-
1
2-18
$1.25
25c
50c
3-
1
2-18
3-10
2-29
$1
^SOc
4-
Extra
San
Water
Schlage Lock Co.
(s-a)
prior
3-15
3-
1
3-
7
3-
7
3-10
■
1
2-19
$3.71
,-3-1
,2-15
4-
1
25c
3-
3
3-
75c
3-10
3-1
$1
3-15
3-22
10c
3-1
3-15;
2-15
2-15
$1.75
3-
1
25C
3-
1
2-11
3-
1
2-11,
;
4-
1
3-22
4-
1
3-22
4-
1
3-17
$1.12'/2
3-15
2-29
$1.75
3-1
2-18
$1.25
3-17
■
3-
i
25c
3-15
25c
3-10
3-
When
20c
$1.25
25c
25c
25o
1
1
3-15
1-31
l-?8
r-
1
——
—
$1
3-1
$1.06 Vi
4-15
(accum.)_
3-3
25c
$1.25
$1.50
3-31
4- 1
3-15
—-
15c
15c
15c
—-
______
4-1
4-1
4- 1
12y2c
—
$1.75
3- 1
$1.50 y- 3-10
(quar.)__;
(accum.)
—
$1.75
.3-10
—_____
(accum.)
& Socket
I2V2C
3- 1
3-15
3-15
——25c
40c
Fork & Hoe__—
(quar.)_
Electric, common
&
3-27
4- 1
3-15
3-15
3-15
3-15
$1.25
$1
A
Forging
Gas
3-15
' 25c
72c
$1.75
50c
—_——-
$1.18%
4-1
(quar.)__
50c
3- 1
preferred (quar.)—i_.——.
62V2c
$3 preferred (quar.)—_—
75c
American Hardware Co. (quar.)—:_
25c
American Hide & Leather, 6% pfd. (qu£r.)_
75c
American Home Products
(monthly).—20c
3- 1
3- 1
43A7>
preferred
American &
(quar.)__
General Corp., $2 pfd.
$2.50
3-10
2-24*
American
Indemnity
$5
3-10
2-24*
American
Insurance
4-
6
3-
6
Extra
6
3-
6
American
1
2-19
American
3-15
3-10
$1.25
63c
4-
1
3-15
4-
1
3-15
6Vo
(s-a)—
;
Investment (111.) (quar.)—_____ •
Machine & Foundry
___
--
American Metal Co.
preferred
American
Co.
(Newark, N. J.)
fquar.)
Paper Goods Co.,
—• '•-•?-
7% pfd.
(quar.)
3-31
3- 1
3- 1
4- 1
4-1
3- 1
$1.75
25c
5c
15c
20c
;': )J 250 ' '
Ltd., common.
4- 1
$1.50
$1.75
■
3-11
3- 1
3- 1
3-15
1
>
1-28,
25c
3-15
2-21
25C
3-17
3-1,
3-10
2-29
2-29
$5c
3-
2-10
3-r
3-10
$1.50
3-
7c
;
1
2-19
3-
1
2-15
4-
4iy4C
:
2-15
1
1
3-15 ;
2-21
$1.75
3-10
$1.75
3-10
2-21
$1.05
3-
2-14
1
5c
15c
(irregular)/,
>
2-15 '
3-1
3-1
2-15
$1.25
4-
3-6
$1.25
4-1
$1.50
4-
1
3-10
•
$1.75
1 accum.)
4-1
3-10
•
(quar.)
7 y2c
3-15
2-29
1
2-15
•
(irregular)
3-
1
2-24
■
Oil (quar.)
15c
3-10
2-15
40c
4-
1
3-15
1.37 Vi
4-
1
3-15
(12'ic
$1.20 class A (quarj.
(quar.)
common
(quar.)__
$25c
3-
1
2-28
20c
3-
6
2-18
37V2C
37»/2C
3-
1
30c
3-
2
(quar.)___
$$1
4-
1
common
common
Bethlehem Steel Corp.,
preferred
3-
$$1.75
2-15
-
2-17
•y
2-29.:
1
4-
$$2
/.
(quar.)
——
Belding-Hemingway Cd; (quar.)_^._;i__^_;™__
Belmont Radio Corp. (quar.)
Berghoff Brewing
Berkshire Fine Spinning Assoc.—
$7: preferred (quar,)——
$5 preferred (quar.)
preferred
7c/o
2-15
3- 1
convertible preferred (quar.)_______
Co. (reduced)
Manufacturing
Ltd.,
:
3-18
3-31
$1
Works
Extra
7To
2-29-
3-
Belding-Corticelll,
.
3-6
IOC
preferred
$1.50
6:
3-
3-31
30c
Iron
Belden
6
3-15
•i,
$12 Vic
of Canada,
3-
3-31
6%c
.i.
(quar.)___™_^____________
Ltd, (quar.)
.
1
1-31;
1
'
2-29
•
20c
3-3
2-1-
15c
3-15
3-
250
3-15
3- 3
1
$1.75
3-
1
$1.25
3-
1
2-19
$1.50
2- 7
4-
1
2-25
50c
Bigelow-Sanford Carpet Corp;, com, (quar.)
'6Vo
preferred (quar.)—
/.
& Son, 5Vo. preferred
(quar.)
3- 4
$1.75
common—
(quar.)
/
2-19
3-
1
2-18
$1.50
3-
1
2-18
3-15
Bird
$1.25
3-
1
2-21
2-29
Birmingham Gas, $3.50 prior pfd. (quar.)__
Birmingham Water Works, 6% pfd. (quar.)
87V2c
3-
1
2-18
4-15
$1.50
3-15
3-10
Black-Clawson,
3-10
2-21
2-19
Blue
2-7
Ridge Corp.,
Holders
3
(quar.)
preferred
6%
3-10
3-
1
1
Class
2-18
Bohn
4- 4
Bond
2-18
2-15
25c
3-31
37 '/2C
3-31
1
3-16
1
3-1
;
3-15
3-11
1
3-11
,
.,>2-11
&
4-
1
3-
1
2-18
40C
3-
1
2-15
50c
3-20
3-10
:
Company (interim)
Bearing
Roller
x
4-
p% preferred (s-a)—___—
Co. (Interim)__:
Shoe
Brown
2-19
■
3-11
1
3-24 t
$iy2
40c
3-10
3-
50c
3-10
2-25
$1.75
4-
Silk
Co.
Mills,
2-29
6d
4-6
3-
1"
4-
3-
1
$5 preferred
Buckeye
Pipe
Buda
(E. G.)
Buffalo
Forge
2-14
Bullard
$1.75
:
1
2-18
3-15
2-15
3-15 :
3-
4-
3-20
25c
#
1
,
2-18 /
3-15
40c
3-
6
2-25
3-
1
2-19*
45c
2-28
2-18
50c
3-31
3-29
15c
Fund,- Ltd.
(Los
-
—
Angeles).
3-
1
2-15
50c
2-29
2-11
;
Concentrating
Burlington
——
:
Mills Corp., common—__——
preferred (quar.)___
Burlington Steel, Ltd. (quar.)
2-28
Burroughs Adding Machine
2-18
Butler
5Vo
(increased)
(quar.)__
convertible preferred (quar.)
Water, 7Vo preferred (quar.)__
common
,
-—_—
2-15
Brothers,
1
$1.25
'
—___
Bunker Hill & Sullivan Mining &
5Vo
3-
——
2-14*
Butler
50c
$10c
______
Co.
Bullock
1
2-15
20c
Bullock's
1
1-31
1
$1.25
Mfg., $5 prior pfd. (quar.)—
Reduced
_
2-19
1
2-29
3-
V
3-18
3-
2-4
3-
;/yy 5c
——
3-21
3-
2-29
$1.25
$4y2c
common—
Co.
4
2-14
;
Company
Budd
2-14
2-
1
Line™.—
2-14
Inc.
3-
-
3-1
(interim)
(quar.)_
6
4-6
50c
1
Co.,
r
3-15
lOd
(quar.)___
Ltd.
1
1
$$1.50
(quar.)——
Bruck
-
•
'
1
3-31
2 V2 Vo
Bristol-Myers
Mfg.
'
'
37 Vic
..
Brunswick-Balke-Collender
8
3-15
3-1
25c
Boyertown Burial Casket (quar.)_______—
Brach (E. G.) & Sons
Brandon Corp., Class A (accum.
.Breeze Corps.
-s
Brewing Corp. of Amer. (quar.)
Bridgeport Oil, 7 Vo preferred—
Bright, (T, G.) & Co., 6% pfd. (quar.)
—
British-American Tobacco— y;
2-19
2-16
3-29
1
.
2-18
4
3-15
4-
50c
Brass
Brown-McLaren
2-18
3-15
3-31
•
2-25
3
<3-25
1
75c
preferred (quar.)_
Brooklyn Edison Co. (quar.)
Brooklyn Telegraph & Messenger (quar,)— ;
Broulan Porcupine Mines (interim)—
3-
,
>3-20
7 ,2-28' V
3-31
$15c
$40
3-11
3-11
2-18
•
$1.75
Ordinary shares (final)_____-------__—
Ordinary shares (interim),-
3-
3-
75c
3-20
.
»
3
3-31
$1.50
—
(quar.)
Stores
Borden
3-1
3-
3-
30c
class A (quar.)
(initial)
B
Aluminum
Bower
3-
v
2-15
3-
option
stock).
Blunrenthal (Sidney), 7'h
3
•
2-25
2-15
75c
—
.
2-25
62 Vic
$3 conv. pfd. (quar.)—
(cash or l/32nd share of
Blue Top Brewing,
2-29
3-
1
»
1
common
3-17*
3-
3-
:
50C
Co,, common (reduced s-a)
preferred (s-a)
——
preferred (s-a)
Bliss & Laughlin, Inc.__—_—________
5%:preferred (quar.)—______—_________
Bloch Brothers Tobacco, common
(irreg.)__
3--2*
3-
$1.50
(quar.)——
5°h
3-15
;
1
6Vo
3-1
2-
3-
Bliss (E. W.)
2-15
3-
40c
y
(quar.)
common
preferred
6%
2-15
3-10
4- 1
3- 6
3- 1
4- 1
3-15
20c
15c
—
3-
$l'/2
Beau Brummel Ties (irreg.)_-______________
2-29
3-25
$1.50
$$2
$$1.50
2-15
Corp.___
Bathurst Power & Paper, class A (quar.)___
1-31
3- 1
4- 1
3-16
common—50c
1
'
$5.50
2-14
3- 1
$1.75
3-
40c
Bastian-Blessing,
2-23
4-1
4- 1
3-1
50c
75c
Extra
Bath
4
of Reo*
3-8
5- 1
$1.50
$1.75
$1.50
—
2-15 y
(quar.)
preferred
Common
Holdert
Payable
2-14
3-10
7c
Barnsdall
6
3-
2-21
3-1
75c
Barlow & Seelig:Mfg.,
2-23
1
2-11
3-1
/:v'3-:.iy
11.12 »/a
'
Mills
preferred
67o
$1.75
3-
$4.50
25c
preferred (quar.)
(monthly)-^
conv.
Common
$1.25
10c
$1.50
$1.75
...
Barber-Ellis Co.
75c
—___________
Cyanamid; Class
:
$7 preferred
American
3-
1
3-17
<quar.)___
preferred
—
American Envelope, 7% preferred
American & Foreign Power, $6 pfd.
4-
cl. A pfd. (quar.)
(quar.)
4-
3-4
,
Companies
75c
3-11
—15c
2-29
(s-a)__
$50c
3- 1
$$1.75
4-1
75c
4- 1
57"
3C
(quar.)
preferred
i
3-10
3-10
B
preferred—— 29 7/lOc
12V2c
Works,
Seiberling Rubber Co., 59b
$2.50
1
Class
7c
_____"
Mines
;
Jose
1
4-
American
$2
preferred
Gold
American Colortype
$
4-
2-19
$1.50
■
dividend No. 23
57o preferred (accum.) dividend No. 24
Bangor Hydro Electric, 6% pfd. (quar.)
77o 1st preferred (quar.)
Banker's National Investing Corp,-*
3-15
4-1
Automobile Insur. Co. (St; Louis)-—
Quarterly
:
——
Bakeries, class A-—
American Can Co., 7"fa preferred (quar.)—
American Chain & Cable Co., Inc., common.
5% preferred (quar.)_
___.
American Chicle
(quar.)
—
American Cigarette & Cigar, common______
6% preferred (quar.)
—,
/American Cities Power & Light Corp.—
$2.75 class A (opt. div. series) of 1936—
•k share of class B or 38%c. in cash—
4-
2-29'
:
*
2-19
*
Co.
preferred
57c
25c
25c
■
50c
(increased)
non-cum,
Antonio
1
67"
$1;25
American
(quar.50c
Joseph Stock Yards (quar.)
St.N Louis Rocky Mountain & Pacific—
4-
American
3-23
(Helena)
$20c
,
American Airlines, $4.50 preferred (quar.)™
American Arch (irregular)
___________
:.
St.
Common
2-29
3-15
1
Bangor Aroostook Railroad Co.—
3-1
r
3-20 '
ehare
$5 preferred
Co.,
convertible preferred
4-13
Safety Car Heating & Lighting
San
.
67a
5-
(quar.)
Corp.
3-15
Amalgamated Leather—
2-18
)
50c
__—~
preferred (qifar.)_
_____—
Aluminium, Ltd., common (quar.)
:
6Vo preferred (quar.)
—:
Aluminum Goods Mfg._
Aluminum Industries, Inc. (quar.)
3-1
Rockwood Co., 5% preferred (accum.)
5(!o prior preferred (quar.)
2-25
2'/2c
69fo
5-31
-
River Cotton Mills (initial)
Riverside & Dan
3-15
:
'■
3-25
Quaker City Fire & Marine Insurance
Quaker Oats, common (quar.)—__r__
69b preferred (quar.)
Reading Co.,
4-1
3-
2-19
1
6V4C
2-16
2
3-
15c
Baltimore Radio Show, common
3
week, these being given in the
Alpha Portland Cement
Aluminum Co. of America,
2-28
.
3-15
Allis-Chalmers Mfg.
50c
75c
$1.50
(quar.)_________
preferred
3-
preferred
preferred
3-15
(quar.)__
3-1
3-13
$1.50
(quar.)
Co.
Power
$1.25
$1.50
$1.25
$1.50
preferred
3-20
(quar.)
—__________
(quar.)
*
Alabama Water Service, $6 pfd. quar.)____
All American Aviation, 4% pfd. (initial s-a)
Allegheny Ludlum Steel, 77o pfd. (quar.)___
Allied Laboratories (irreg.) _____________
$6
2-18
1
3-15
Pure
2-28
—— ~
(quar.)—
Aeronautical Products _____
Agnew-Surpass Shoe Stores, common
7% preferred (quar.)_______—_—
Agricultural Insurance (quar.)__—
Air Associates, Inc. (quar.)_____
Acme Steel
1
,
3-20
Industrial and Miscellaneous
4
4-
3-
3-
25c
Inc., 77o prior pfd. (accum.)
77r prior preferred (quar.
Baldwin Locomotive Works, 7% pfd. (s-a)__
3-5
Per
4-
—
3-15
Steel
announced this
2-21
2-25
3-9
50c
^oods,
B/G
1
$1.50
Name of Company
4-1
(quar.)_
12-
9
25c
2-25
37y2c
(quar.)
12-
preceding table.
2-25
„'41%c
50c
58V3C
preferred
(Alan)
dends
(quar.)
preferred
9-1
Below we give the dividends announced in previout
weeks and not yet paid. The list does not include divi¬
3
3-
3-15
2-21
2-10'
1
3-
Monthly
,
2-7
8-
3-10'
3-2
_____
Corp.
Beaunit Mills,
(monthly).
6 Vo
preferred (monthly)—.
_
7Vo preferred (monthly)_________________
Public Service Co. of New Hampshire— $6
$1.75
9-9
$1.65
Avondale
1
Public Service Co.. of Colorado—•
$5
1
4-15
3-10
4
National Bank & Trust (N. Y.)
1
1
World Investment Trust
3-
preferred
3-
6-
7preferred (quar.)——
Co., 7% pfd. (accuni.) _
(ctf. of benef. int.)
Youngstown Steel Door Co——______——
Ziegler Coal & Coke; (irregular)-.——
3-15
9-11
6-24
3-30
-'•:$!•:
Austin, Nichols & Co., prior A (accum.)
Automotive Gear Works—
2-29
;
3-
Woolf Brothers,
3
3-31
6-24
■/
7- 6
y
?!
3-
6
7-
10c
Gold: Mines
Aunor
3-4
.
3-10
$1.75
(quar.)__
preferred (quar.)
3-41-
$1.50
$1
25c
5Vo
$5
3-15
Atlas Tack
20c
preferred (quar.)
Wilton RR. (s-a),
Wisconsin Michigan Power, 4J/2 % pfd.
2-29
4-
2-10
3-17
15c
common—
common, i
Atlas Powder
4
6-10
Co
Stores,
3-
3-10
67
4-15
3-10
5-
Motor
Wieboldt
4-15
2-29
3rl4
50c
1st preferred (accum.) __r
Western Exploration Co. (irregular)
Weston
(George) - Ltd. (quar,) __——-—- Wheeling Steel Corp., common
$5 conv. preferred (quar.)
—
3
4-15
3-15
i:
4-
50c
$2 partic.
3- 3
1
3-15
——
Water Power, $6 pfd.
Weber Showcase & Fixture Co.—
3-15
4-
:
$1.75
(quar.)
Washington
9-21
,
$1.75
(quar.)
6-15
12-21
3-
10c
6-28
3-
2-^10*
*
$15c
6To preferred (quar.)—
—
Atchison Topeka & Santa Fe Ry., common.
Atlantic Refining Co.
Atlas Imperial Diesel Engine
3-20
3-15
—
Wagner Electric Corp.
Warner & Swasey. Co.
1
1
y
2-21
2-28
4-/1 7
3-15
3-16
Atlas Corp.,
2-29
25C
3-25
9-28
3-13
25c
3-28
12-28
3-10
.
$15
(quar.)____
4-15
1
3-20
6
15c
preferred (quar.)__——————
77" preferred (quar.)—
7 7" preferred (quar.) —
——
77" preferred (quar.)__
________
Victor Equipment, $1 conv. preferred (quar.)
Virginia Elec. & Power, $6 preferred (quar.)
5-
1
3-
$2.25
preferred' "(quar.) _—i.
Associated Dry Goods, common——-—___*
67"
1st preferred: (quar.)—:
77c 2nd preferred (quar.)—,
—.Iv
Atlanta & Charlotte Air Line Ry. (s-a)
Atlanta Gas Light, 4'/2% preferred (quar.)_
2-29
30C
_
79b
1
Pittsburgh Metallurgical
50c
_—_
(N. Y.)
2-19
4-
Quarterly
!
.
—
Pittsburgh Coal Co., 6Vo preferred (accum.)_
(irreg.)
com.
—
2-19
3-20
3-
—
Wire
1
1
1
4-
______
1
3-15
3-
75c
7 7o
3-6
1
4-
3-10
50o
Publishers,
&
3-
3-15
20c
30c
25c
50c
class A____,_._
Philadelphia Electric (quar.)
_
*
$1 preference common (quar.)
;
Philadelphia Electric Power, 87b pfd. (quar.)
Philadelphia Germantown & Norristown RR—
Public
Printers
/
75C
Utah Oil Refining
Petroleum & Trading Corp.—
participating
$2
Manufacturers (quar.)_
&
3-1
4-
3-
$2
*
4'-*r /•••
$1.50
30C
Upson-Walton Co.,
(quar.)
3-20
4-
2-10
1
25c
(interim) 77^%
preferred (quar,)
(quar.)
conv.
Artloom "Corp.,
3-15
3-15'
'
1
preferred (irreg.)
(Ill:), $6 prior pfd. (accum.).
$6 non-cum.
Art Metal Works
6
3-
3-31
37 Va C
Rope Corp. (quar.)
Universal Cooler/ $1 class A eommon
4-
30c
50c
37Vic
$2c
—l*
A%
■
.
6*
3-
2-10
1
3-
'
& Co.
Armour
3-15
3
4-15
'
75C
25c
Armstrong Cork; Cd.,' common
3-31
iv
'4-
$2.25
—___/—
Arizona Power,
3-10
25b
—
United States Trust Co.
4-1
50c
$1
•:;/$4.'
2-23
75c
preferred
$3
1
3-
3-10'
3-31
$1.12
(quar.)—_———
preferred (quar.)
S. Graphite
United
4
3-
Merchants
U.
3-18
3-15
Paraffine
$1.25
3-1
:4r'T •:•'
1
$1.75
Extra'
3-10
.
A-
$2
2-19
'
3-10
••
50c
.
-
(quar.)
(quar.)__—
preferred A
United
50c
(quar.)
Gold Mines (quar.),,
3- 3
Li
4-
'
425C>:
(annual)_——T
Forging Corp.;—'
Corp.
Fastener
United
25c
Stove
f
2-29
4-
________
American Woolen, 7% ■ preferred (accum:)__■
Amoskeag Co., common (s-a)^-_„____i_^_^-v;
$4% preferred -(s-a
Ampco Metal, Inc., common^/ _ - - -—-Anchor Post Fence- Co.——t
Anglo-Canadian Telephone, class A (quar.)_
•
AnheuSerrBush, "Inc.
Archer-Daniels-Midland Co. (quar.)______._"_
Arden Farms Co. :'(s-a)—_—____________
■
(quar.)
United Fuel Investments, Ltd.—
40c
Co.'s, Inc., common——
preferred (quar.)
class A (quar.)
Perfect Circle Co.
(quar.)
3-10
v
•
preferred (s-a)__
United-Carr
3
3-
;
•
Co., common (quar.)l—
Union Pacific RR.
1
3-16
1
4-
Co.
8
3-
3-29
4
3-15
.
,4*1
Electric Switch,
3-15
.
3-10
$$1.75
1
Century-Fox Film, common
$1.50 conv. preferred
3-
$2
+7V2c
______
———'
$4.50 prior preferred (quar.)
3-15
4%
& Williams Steel
Transue
3-25
—_
—
r
-50c
•
preferred (quar.) Shipyards Corp.——
3-15
3-31
Mills' (quar.)_—
1
$1.12 V2
Oil, $4.50 pfd. (quar.).
—'
2-28
4-
•••
10c
Land
3s
Toronto General Insurance
i_/_:
37Vic
$1.37Vi
50c
prior preferred
(quar.)
—, —_
y
3-10
2-26
3
3-
y
2-26
2-
50c
"
3-10
3-15
10c
■
11-30
20c
10c
37 Vic
$50c
preference
Investors,
Oil
Tip-Top Tailors Ltd., common (quar.)
2-29
3-25
common
t'
1
4-
35c
3-11
3-
50c
Refining, 77c pfd. iquar.)-Telegraph Co. (quar,) ;
American Tobacco^ Co., common - (quar;) >£•££*
Exti'a
;
'
$62V2c
(quar.)
3-20
3-31
■
i—_
$1
$3.50
American Telephone &
3-1
:"-3- 4
1
2-15
3-11
,'" Class'-B (quar.)
2-25
3-31
4-
2-18
3-15
25c
Co.
Stores
1
20c
$1.75
'
10c
$20c
3-15
■
:
3-15
30c*r V-y. 3 -15
:
Co. .(quar.)
3-15
1
1
3-
25c
Telephone Bond & Share—
7% 1st preferred (accum.) ___—__i
Tennessee Products, 8 %• preferred, (quar.j _f2-
4-
3-31
,
.
7 ~
7
3-
3-7
3-31
(quar.)
convertible preferred (quar.)—
Electric Railway (quar.)—
Inc.,
Extra'
Perron
3-18
1
3-15
!_„
B'Gosh,
Perfection
:
30c
37Vac
—
Tamblyn (G.> Ltd., copimon (quar.)
3-15
Paramount Pictures (quar.)
Penn
3-27
3-15
Indemnity
Pacific
1
4-
common—.
preferred
Sutherland Paper Co. (quar.)
2-26
3-31
convertible
$5.50
3-11
3-31
Pacific-American
Pacific
Sunshine Mining
35c
Sugar
Onomea
2-26
6%
American
-3-31-
'■
2-25
American Sugar
3-16-
3-15
3-31
________
______
__—
2-29
10c
preferred.
:___
Smelting & Refining——
Steel Foundries vCqua^.l/.^i/iuit;/;.,:'
American
3-3
3-15
-
3-20
non-cum.
American
2
3-
•,
-
77
3-15
3-31 '
50C
Standard Oil of Kentucky (quar.)__!
75c
$1.37Vi
common—25c
preferred (quar.)—
8%
-
$2.50 class A
Confectionery,
Ohio
3-8
4-15
65c
Inc., common—_™__
Robbins,
&
preferred
Statler Hotels,
2-29
2-21
1' 4
$lv25>
-
-
6
4-
v
12VaC
-
•
3-15
IOC
(quar.)_^_
3-15
4-
$2
>■
Spencer Trask Fund
Square D Co,, common.
5%; convertible preferred
2-23
2-23
'
$1.75
7:7:7 % preferred (quar.)____—
American Rolling Mill Co.—
_______—
American Ship Building Co., common—___
2-23
3-144
'
~i'_
Common
3- 6
•
4-1
.
50c
_
8%
3-15
3-
Newspaper,
McKesson
(interim)
common
•!
3-14
'
7% preferred (quar.)
43%c
■7f/b preferred (quar.)_
—
43%c
'79b
preferred' ;(quar.)_
_____—143%c
Ji'/o
preferred (quar.)
-L.J ■ 43%c
McClatchy
1
11-20
3-31
Fund,
MastioAsphalt
11-20
4-
preference (quar.)
$$1.50
Inc. (irreg.)——1—6cy
Massachusetts Investors Second Fund (irreg. )
10c
Ltd.,
8-21
1
3-31
6%
Marven's,
Maryland
1
12-
25c
-—
8-21
Sugar,
Rico
Porto
3-11
.—
common
1
preferred (quar.)__$—
Southland Royalty Co.—
•
3-15
;___
<quar.)_———:
Sons
&
Alkali Works,
Mathieson
5-20
9-
$6
40c
1- '
RR.-.—
South
12-
$1.25;
•
2-21
5-2Q
3-22
American
6
thare
'■ *
Public Service, 7% pfd. (accum.)
Radiator & Standard Sanitary-
American
3-
i
%
5c.
$1.50
._u
Extra
1
1
9-
50c
25c
-
.
3-v 1
3-15
$1.50
v
Namiot Company
of Reo.
3-23
$1.25'•
—
(quar.)
Manufacturing
J-
25c
preferred (quar.)—,—
Manufacturing
$5
Singer
6-1
" $5c.
Magazine
(quar.)
—
3-
^,'j' " 25c
-15 c
Sheller
4
3-
2-21
1
3-
pfcL'-'-—— '.$$1.23
—L-i-
3-10
Corp., common
6-
$1.25
25c;
$1.25
-
__
(irreg.):
Ltd.
Mines,
5%
Steel,
Structural
MacKinnon
'
—
5'fc
Macassa
- -
—
Participating
preferred (quar.)
Participating
..
.
1-
Sharon Steel
(St. Louis)
Seyen-Up Bottling
3-18
3-15
25c
$1.25
25c
$1.25
25c
Longhorn Portland Cement, common.—-—
5'.b preferred (quar.)
—r
___■
Participating
i
3-18
3-31'
25c
37Vic
'
5Vo
3-31
Holdert
Payable
Share
Name of Company .'
,
3-31
12Vic
Lipe-Rollway Corp., class A (quar.)
SI convertible preferred
(quar.)
Lone
Star Cement
(reduced)
of Reo.
Payable
When
Per
Hoiuert
When
rer
.
.
12y2C
3-
2-
1
2
40c
3-
1
2-14
$1.25
3-
1
2-14
$15c
4-
1
3-10
20c
3-
4
2-
15c
3-
1
3 7 Vic
3-
1
4
2-10
*
$1.75
3-15
2-10 \
3-
1
Volume
Number 4259
159
'
7'■
'
Per*:- uf
_
v,;
California
Name of Company
Electric
Power
Payable
10c
Calif.-Western States Life Insurance (correction) 50c regular and 50c extra (not 25c)
3-
Dominion
Sugar, Ltd.
Canada Dry Ginger Ale
Canada Foundries & Forgings; Ltd.-^
-
(quar,)_
Canada Iron Foundries,
*
Forster, 8%
Culver
&
Port
,
,
Clinton
3-31
$1.75
2-29
2-15
10c
8-25
8-15
$1.12Va
3+15
'
RR.
Press,
Publishing Co., $4 prior pfd. (quar.)_
Sons, Inc., $8 pfd. (accum. )_„_
3-15
3-1
3-15
7%
3-20
Common
preferred
(quar.)
(quar.)
•
Class
B
•
6'/2%
preferred
(interim)
Canadian
Bakeries, 5% preferred (quar.)__
Canadian Breweries, Ltd.—
a $3.40
convertible preferred (quar,)-.__u-.-_
Canadian Celanese Ltd.
(founders
2-29
3-15
•
$1,62Va
$$1.25
3-15
3- 1
..
rights)—
•
..
.
Genesee
Brewing,
Georgia
Power Co.,
2-15
1
2-15
Gibraltar
2-15
Glidden
1
3-1
Globe &
3-13
3-1
(quar.)
(quar.)
3*? 3
Common
7%
4-
1
4-
1
*. ,3-; 1
3-1^
.
:
.
Carter
(Wmv)
Carthage
•
8teel
.U__,
Co., Inc.
(annual)
6%
1
7-1
4-1
$1.75
pfd. (quar.)
;
12-23
2-15
3-18
3- 4
3-1
35c
(quar,)
,2-18
-
25c
|quar,)__^L_^____™_
4-
$1.50
;
-
N.
2-18
Great
Green
3- 8
2-18
2-23
3-
1
2-10
3-1
2-10
50c
3-15
4- 1
60c
4-
,
3»13
1-
75c
75c
..
9+1
'
Central Cold
Central
Storage
(quar.
3-
1
2-11
3-1
2-11
$2
82%c
15c
6%
3-. 1
Central Qhio Steel
-
Products—
3-
2
Central. Paper; Co. i;
2-18
Central & South West Utilities Co.—
$7 prior lien preferred -(accum.)___
$6
prior lien preferred
Ice
Cream
East St.
$1.75
3-
1
2-19
3-20
2-29
>
,
$1.50
(quar.)_
—
5%
preferred' (accum.)
Chicago Mail Order .Co
4-15
3-
1
2-11
3- 1
2-11
3-15
3-
3-31
3-3-
3-31
3- 3
4-1
Eastman Kodak
6%
3-8
!
3- 6
4-
$1.50
2-19
Eddy Paper Corp. (increased!
2-15
3-15
2-25
Edison Brothers Stores, common (quar.!
,5% convertible, preferred (quar.)
5%
4-14
3-14
25c
7-14
6-1*4
25c
10-14
9-14
62V2C
3-31
3-17
conv,
62V2C
3-15
2-29
(quar.)6214c
preferred (quar.)_
$1.75
7%
3-15
2-29
3-
2-18
3^10
Electric
2-18
3-14
2-28
7%
Elgin
—
1
,
3-1
'
2-15
$1V4
$114
6- 1
5-15
$1V4
5% preferred (quar.)
5 % preferred (quar.)
;
12-1
35c
3-15,
——
.
City Baking Co., 7% preferred (quar.)
City Ice.. & Fuel, common
614% preferred (quar.) _i
:
City of New Castle Water, 6'k pfd. (quar.)-
5- 1
3-15
$1,6214
Special guaranteed
Plow
Co.
(quar.)
(s-a )•
2-15
2-11
1
2-11
$5
preferred A
3-15
2-25
$5
3-15
25g
2-25
1
2-15
Eversharp,
3-1
$1.25
2-10
3-
:
8714c
3-
1
6-
1
|25c
11- 2
50c
3- 3
2-25
$1.0614
3-31
3- 7
13%c
2-29
oqnv, preferred (quar.)
Colonial Stores, common
(quar.)____
5'/c preferred A (quar,)___.._
3-1
2-18
3-
25c
1
2-20
Commonwealth
Investment
(irreg.)—
Farmers & Traders Life Insurance Co.
Bake Shops, Inc. (quar.)__
5c
3-31
3-
Co,
(irreg.)
Ferro
Field
55c
3- 1
2- 5
55c
4«
56Vic
*
.Consolidated .Cigar
3- I
3-1
;$1.50,
t20c
,
„_
v.7
',
Consolidated Laundries, common
$7.50
preferred
(irreg.)_—_
50c-:•
-
1
Continental Mills .([irregular).-.t2-29 >«-F;2-25;
3-1
2-19
.Consolidated Paper (quar.)
25c
CopsoUdatedvVultea Aircraft, Corp.—
.«
$1.25 convertible preferred (quar.)__'31V40
Consumers Glass CoM Ltd. (quar.)____
t50c
Continental Assurance Co; (Chicago) (quar.)
: 50c
7%
.
•
3- 1
;
3-31
..
Continental
Can
Co.
Continental
Motors
25c
:__
Casualty
Continental
(interim)
Continental
Continental
Cook
$4
Paint
Oil
.
(quar.)___'!,
common
preferred
;
2-15
3-10
2-18
30c--
3-27!
3-
4-
& Sons,
common
1
'
3-10
3-
1
3-1
2-4
3-
2-4
5'/2%
(extra)—
3- 1
2-20
Crown
Capital
Crown
Cork
$2.25
Crown
&
Corp.,
Seal
class
A
(quar.)__
3-20
3-15
3-
\
(auar.)^___
Zellerbach, $5; preferred
Crucible
Steel
Co.
4c
of
;
(quar.)
56)40
convertible
1
2-18
3-15
3-
$1.25
2-29*
1
2+14
3-31
3-17
Amer.—
_
5c/o
2-29
-:
Corp. Inc.—•
preferred
preferred
(quar.)____
$1.25
preferred
Auto
Gatineau Power,
5%
preferred
Co., com.
on
3- 1
2-19
4-
1
7-1
JO- 2
6-10
6-15
9-15
3-15
common
(increased)
50c
3-1
40c
3-
1
3*1,
2-15
2-19
$1.25
3-
1
2-19
*20c
(quar.)
;•
3-15
,
4-
1
r:,
15c
3- 1
2-23
$1.75
3-
1
$1.50
3-
1
2-11
3-31
3- I
3-21
2*15
68%c
$1%i
2-11
3- 12- 3
2-15
tlOc
3-31
2-15
3%
3-31
2-15
1V»%
3-7
3- 7
,
'
—
(quar.)
Ltd.—
1
tl2Vs>c
_______________________
convertible preferred
*37J/aC
Steel
.2-1"
2-1
•'
3-1
2-19
! 3- I
'
12'/2c
—
-
>
3-
'
3- 1
30c
15c
•
2-18
3-20
3-10
$1
v
2-21
3-10
4- 1
2-19
3-11
$1.25
'
3-1
20c
$1.25
3-31
3-29
,J '
(quar.)_
25c
3-1
87y2c
3- 1
2-
3- 1
2-7
$1
3- 2
2-11
(quar.)
Co.
Nickel
Co.
of
2-7
$40c
3-31 i
2%c
4- 1
Inter-Ocean
Reinsurance Co. (irreg.)—____
50c
Inter-Ocean Securities Corp., 4% pfd. (s-a)_
50c
International Bronze Powders, com. (quar.)_
*20c
>>
6% participating preferred (quar.)__—*37'/2c
International Business Miachine (quar.)—_
$1.50
3- 9
International
4- 1
4-15
4-15
3-10
3-11
•
preferred
&
.Class
30c
pfd. (quay.)
$1.75
3- 1
4-15
3-20
$1
60c
3-30
3- 1
3-16
2-*3
10c
3- 1
e-V;.'
(quar.)___
class A
(quar.)
B
(resumed)
International Silver Co., 7%
Common
pfd. .(quar.)—_
;
$2.72
Investment Foundation, Ltd.—
6% convertible preferred (quar.)
________
3-10
3-
3
Jamaica Public Service-Co.,
3-3
7% preferred A (quar.)
7% preference B (quar.)
$2
4-1
3-18
5%
25c
3-20
3-10
,5%
25c
3-15
2-14
$1.75
3- 3
2-14
Jantzen Knitting Mills, 5%
Jarvis (W. B.) Co
Corp;, common (increased)75c
(quar;),
$1.25
3-10
2-17
Jewel
5- 1
4-10
Ltd. com.
(quay.)
preference. C
(quar.)
preference
(quar.—___
Tea
4%%
D
—
preferred
Co., common (quar.)_
preferred
(quar.)
'2-11
____
3- 1
2-15
4-15
3-15
3-15
3-10
*17c
xl%%
xll/4%
2-29
4- 1
4- 1
4- 1
■
L
.3-17.
■
4- 1
r
x$1.75
—._
1
4-15
3-15 ..."
3-1
25e
25c
:—*75c
Irving Air Chute Co. (quar.)
25c
Jaeger Machine Co. (reduced)____——37y2c
2-15
4- 1
3-
75c
'
—C-—
Corp.
.
$1.75
_______
Interstate Department Stores, 7% pfd
Interstate Hosiery Mills (quar.)____—
Intertype
-
Chemicals—
International Safety Razor,
;
(quar.)___—
2-28
3-13
3-15
3-15
2-21*
2-28
2-5
(quay.)
International Minerals
4%
1
2-29
50c
Cigar Machinery
International Harvester Co., 1%
Common
3-
-
shares (irregular)
group
7
Canada, Ltd.—
ReducedBank
2-19
2-18
1
$1.50
4-1
(quar.)
3-2
:
'
75c
.
2.20!
2-15
4-1
1
3-1
1
4-
2-15
2-10
8-1
3-
3- 1
3-31
*$1.25
*$1.37
3-10
lOo
62'Ac
Cigar Co., common
preferred (quar.)
preferred
5-29
3-1,.
,2-15"
•
3- 1
3- 1
-2y8%
International
3-15
6-
'3- 1
Institutional Securities, Ltd.—
1-31
50c
__
a
General
$5
1
25c
(irreg.)
(quar.)___
preferred (quar.)_______;
General Motors
.
2-28
3-
37J/2p
(quar,)__
quarterly basis
General Baking, $8
preferred (quar.)
General Candy Corp.
(quar.)
7%
3-18
37'Ac
America Corp. (quar.)____
General American
Transportation—
Now
5-15
2-28
37VaC
(quar.)___
Drive
Brewing
1
3-18
$2.75
General
4- 1
v;;$1
6<?o: preferred (quar.)—___;
$1.50
Co., 5% preferred (quar.$1.25
Crane
1
3- 1
*25c
25c
3-
.:
—
2-15
5-15
2-15
?
2-19
3-1
6- I
25c
Extra
3-10 .V
.
2-15
3- 1
/
3- 4
37V2c
.
conv.
Inland
:
$25c
Freeport Sulphur (quar.)
Fruehauf Trailer Co., common (increased)__
5%
conv. preferred
(quar.)_
1
,
Electric Corp.
(irregular)
;;,;:;
20c
Corrugated Paper Box, 7fe pfd. (accum.)—
t$1.75
73? preferred (quar.)
+$1.75
((C. B.)
2-17
Wheel
(Peter)
3-
62'4c
;
Four
Fox
3-1
$1.75
.
Bridge Works":
Fort Wayne & Jackson RR., 5y2% pfd. (s-a)
Foster Wheeler, 6%
prior pid. (quar.)
.j
6% prior preferred (quar.)
*
..
3-21
25c
Canada, class A
'3-15
30o
Ingersoll-Rand Co.
2-J5
3-10
87V8C
Pitt
prior
5%
3- 6
87S/8C
$1.75
Class B—
6%
' 2>-17
3-> 1
3-10
.
6
3tl5
3-1
<:
$1
Cornell-Dubilier
Cottrell
i
20c
(quar.)——
;
2-25:>
30c ;3j ,1
20c
preferred, (quar.)
Copperweld Steel, common——
5'}'c
,
25c
(increase)———
Corp
Varnish,
t.-
,
Fort
1-28
3-15
15c
-
•:
—
(Del.)
Steel
&
Co.- (Chicago)., (quar.)
Corp.^
1
•
3-15
.
.2-18
;
2-29
3- J
35c
15c
(quar.)
A
3-1
55c
(quar.)
preferred
Ford Motor of
h
...
preferred A
7%
-
,
—
$1.50
.
1
$1.25
-
—
________
Industrial Credit Corp. of Lynn, com.
7% preferred (quar.)____
(a-'.
(IVf, H.) .Co. (quar.)___^._____-,_
Simons:(& Cphhell Dredge & Dock (qua?.)
Florida pov/er Corp.,; 7% preferyed1% preferred
1
;
3-15
3-15
(monthly)-
Industrial Acceptance Corp.—
3-15
60c
(quar.)
Car
&
(final)
2-21
3-31
pfd.
Quarterly
Indianapolis Water, class A (quar.)
5% preferred A (quar.)
4-10
3-10
3-31
5%
Y.),
partic. preferred (quar.)i
Indiana Steel Products, common
6% preferred
Indianapolis Bond & Share.
Indianapolis Public Welfare Loan Assn.—
2-21
4-15
(N.
Imperial Varnish & Colour Co.,
3-4
$1.50
Fishman
2-15
2-28
3-10
$1.50
—
•
Bonus
3-4
$1.25
2-14
;
3-1
3-15
2-15
3-
25c
2-29
3-31
..
2-21*
3-20
25c
; Fita
4U5
3- 1
50c
2-29
1
3-1
37y2c
*
1
4-
*15c
2-15
Firestonf Tire &. Rubber Co., 6% pfd. Class A
4,
30c
-
4-18
3-20
Ordinary shares (final)
Ordinary shares (interim)
6% preference (s-a)
Imperial Tobacco of Gt. Britain & Ireland—
Araer. deposit rets, for ordinary registered
3-
'
25c
$1.25
V
■
2-15.
$1.50
$1.50
.Quarterly
4'/2% ,vpreferred (initial)
First Bank Stock Corp. (increased) 1
3-
'5- 1
3-
$1.8714
.
3-10
-
J
.'4- 1
3-15
v3?15-2- 4
-15c
;.r;v.
(quar.)___
1
3-23
Consolidated Edison Co, (N. Y,); (quar.)^-i40c,;4
2-15
2-15
4-
-10c
..
3- 4
(irreg. i_
3-21
c
3-30
6-10
Common
1
4-28
.
7-1
8-11
.250
.
■
2-21
3-31
15c
15c/:
37V2c
(quar.)—
2-21
1
3-
3- 1
3-18
6% preferred
Fireman's Fund Indemnity (San Fran.)—-
2-28
3- 1
$1
$2
3-11
& Co., 6% pfd. (quar.)_
Second Series (quar.)
3*15
20cr
■■
2-10
$1.50
62V2C
8-15
Enamel
(Marshall)
2-29
—^
3-31
$1.75
7%
3-1
3-10
3-15
25c
•
(quar.)__
Light & PoWer
4- 1
2-14
3-18
50c
2-25
25c
25c
.
3-1
.
2- 4
$2.50
*$2
3-16*
3-15
3-20
*$1.50
(quar,)
preferred (quar.)
2-5
•
2-15
:■
2-25
1
3-31;
3-1
Common
3^15
1
2-11
3-1
3-4
-4-
3- 8
4-1
.____
3-1
3-10
2-11
1
2-21
3-10
50c
-•
(monthly)
common
3-20
1
3-15
(quar.$1.25
$1.50 pfd.
1
3-
25c
(quar.)i______—__________
E.)
4-
50c
2-29
2-29
(quar.)
25c
40c
(quar.)
3-15
2-29
Co.
4- 1
;
$1.75
3-20-
/4- 1
Federal-Mogul Corp.
Felin (J. J.), & Co.-____
Fenton United Cleaning & Dyeing Co.—
60c
,
.
—
Bakeries of Canada
Federal Light & Traction, $6 pfd.
& Smelting
Federal Mining
3-14
1
2-15
3-
2-15*;
40c
25c
2-18.
1
3-10
3- 1
2-12
'
3- 1
35c
3c
(quar.)
2?11
4-1
SI.25
pfd. (accum.)_
Sugar Co. (quar.)__
conv.
Illinois Central RR, Co.—
Leased Lines, 4% gtd. (s-a)^
2-15
,
1
3-
3- I
-
Illinois Municipal Water, 6% pfd. (quar.)__
Illinois Power, 5% preferred (accum.)
Imperial Tobacco Co. of Canada—
3-20
4-1
3-1
3
4-3
:
2-12
Coal
Paper Co.,
(Charles
37V2C
(s-a)__
(accum.)..
2-18
3
.3-10
$1.25
Congoleum-Nairn Jno. (quar.)
Connecticut Light & Power, $2.40 pfd. (quar.)
r
$2.20 preferred (quar.) ___;
^
Common (irreg.)
Connecticut' Power (reduced quar..
Connecticut River Poorer; 6.pfd, (quar.)_i_
Consolidated
3-
$1
250
$■
preferred
15c
•
(quar.)__.
2-15
40c
4-15
4-1
50c
!
Federal Fire Insurance (Canada)
Federal Grain, Ltd., 6Ms % pfd.
Commonwealth Loan; 5% preferred (quar.)_
Commonwealth Telephone, $5 pfd. (quar.)__
Community Public Service (quar.)———_
Consolidated Biscuit
(quar.)___
Federal
40c
4-
25c
^
(s-a)
2-10
r
5-17
'
(quar.)__;
2-20
—
.
$1
2-28
3- 1
3r 3
15c;
65c
3-1
(increased)-
Columbian Carbon Co. (quar.)_:
■
50c
25c
75o
4-15
25c
6214c
Colorado, Fuel & Iron
3- 7
30c
(quar.)_
Fanny Farmer Candy Shops
Colorado
Milling & Elevator—
$3 preferred (initial quar,
Columbia Broadcasting, class A
Class E (increased)——^
12(4c
2-15
25c
preferred
3-15
$1.25
Refining (irreg.)
Hunt Bros, Packing Co., 6% pfd. (quar.)
Huntington Water, 7% preferred (quar.)_,
6% preferred (quar.)
Hussman-Ligonier, 5Vz% preferred (quar.)_
Hummell-Ross Fibre Corp., 6% pfdi (quar.)_
11-16
2-26
(quar.)
Fajardo Sugar Co. of Porto Rico
Falstaff Brewing Corp. (quar.)
6%
$•» 1
3- 1
87^0
________________________
Glass
Horn & Hardart
8-17
12- 1
Extra
2-18
3- 1
Industries
Oil
1
___^
Fairbanks Morse & jCo.
1-31
25c
$1.25
.
5%
Gregg
3- 4
$1,12M>
pfd, (quar.)__
2-15
Motor
1
■
Coe &
3-20
3- 4
Hudson
1
(quar.)___
Corp.
Extra
3-1
.
3-15
Humble
9-
2-15
2-15
10c,
25o
______________________
2-17-
2-14
6-
2-10
2-11
1
3- 1
2-29
3-
1
1
3-
>
$1.12V2
3-
$1.25
common
3-
50c
.4- 6
3-15
$1.25
preferred
Faber,
2-19
$1.25
2-10
4J/2% preferred (quar.)_
$1.12t2
Horn (A. C.), 6% 2nd pfd. (quar.)___
45o
7%
participating pfd.
(quar.)__;u—8%c
3-1
1
3- 2
.
,
1
3-
$1.50
.
1
2-11
1
3-
*22'/2c
Manufacturing, class A (quar.)
Hollander (A.) & Son (quar.)
Hooker Electrochemical (quar,)
Hoover & Co., common
2-19
3-10
75c
3-
3-15
4-20
Houston
Cleaner_______^_
Inc.,
2-11
Hobart
3- 4,
$1.25
.■■■ Extra
5%
Ex-Cello-0
2-10
5-15
12-1
50c
t25c
■_
Semi-annual
Vacuum
3-
$1
5%
2-26
,
3-1
75c
preefrred A (quar.)
Eureka
1
3-20
25c,
(quar.)
.
2-28
2-28
3-1
$1,50
Hires
2-26
3-
*25c
3-
75c
Coleman Lamp & Stove Co
Colgate-Palmolive-Peet Co.-, $4.25 pfd. (quar.)
Collateral Trust Shares (irreg.)
Collins & Aikman Corp., eommon (resumed)
"
preferred (accum.)__
Erie RR., $5 preferred A (quar.)
$5 preferred *A (quar.)
3- 1
3-15
3-15
(quar.)
Hinde & Dauch
3-20
3- 1
25c
A
3- 1
.
4-1
$1.75
conv.
$1.25
preferred (quar..)
C^arios Machine (quar.)
Cleveland & Pittsburgh RR. Co.—
Regular stuck (quar.)
Cockshutt
class
non-cum.
Equity Corp., $3
$1.50
5Vc
,
$3
4-25
3-31
75c
25c
—
1
30c
(Irreg.)
common_—
preferred (quar.)
National Watch_
4% guaranteed (quar.).^.
Empire Power, $2.25 partic. stock (accum.)-English Electric Co. of Canada, Ltd.—
8-15k
3-
&'Mfg.
Ely ds Walker Dry Goods (quar.)—
Empire & Bay State Telegraph—
11-15
$1.75
City Water of Chattanooga (quar.)
Clark Equipment Co., common
;
9-1
Controller
2-20
>3-20
25c
Monthly
2-28
2-14
.
1
50c
(quar.)___
Hilton-Davis Chemical,
3-16
3-10
3-
4- 1
•
$1,37'/a
,i__
Hibbard Spencer & Bartlett & Co.
3-15
4-1
25c
Electrographlc Corp^
4-
3-31.
50c
(irregular)
3- 1
,15c
1
60c
!
Co.
4'
2-29
.
Electric Boat
3-
3-15
3-15
pfd. series 1941
El Paso Natural Gas,
Common (quar;)
1
3-31
20c
Electric Auto-Lite
;
4-
50c
3-1
50c
Corp.
Hecla Miplng Co. (quar,)_
t
Heilman (G.) Brewing_______
Hewitt Rubber Corp. (quar.)
Heyderi Chemical Corp., common___________
4% preferred A (quar.)
3-4
1
3-15
3-1
Hazel-Atlas
2- 9
$1.25
3- 4
25c
Ltd.
3-15
'
25c
Hayes
2-12
$1.25
1
1
34%c
Hazeltine
Co.', common (quar.)
(quar.)
preferred
3- 1
4-
4«
$1.50
Hawaiian Commercial &
*25c
3-1
.
25c
______________________________
preferred
5%
1
1
$5c
Hathaway Bakeries, $7
Eastern
(quar.)
2-19
(quar.)___
Hatfield-Campbell Creek
Street Railway—
3-15
2-18
2-19
3-
133Ac
Harshaw Chemical, 4'/2% preferred
(quar.)_
Hartman Tobacco, $4 prior pref.
(accum.) __
2-23
,
50c
2-18
3- 3
(quar.)
A & P
3-15
•
;
$2
Co.—
prior preferred (quar.)__■____
15c
non-cum.
partic. preferred——$1.25
6%
3-15
3-15
$1,25
+.
,
(quar.)
Stores
Cottons,
Common
•:-
,'••
$1.50
Hanna (M. A.) Co., $5 preferred
(quar.)—_
Harbison-Walker Refractories, com. (quar.),
5%
15c
-'
5% preferred (quar.)
i
Cincinnati Street Ry. (irreg.
•
2-25
2-21
.
/
3-13
3-10
1
Corp.
75c
Cincinnati New OrL & Texas- Pacific Ry.—•
5% preferred (quar.)$lWi
,
3-25
97'Ac
$1.75
Sugar Associates—
$5 preferred v.t.c. (accum.)
pfd. (accum.)—
_•
Hanley (James) Co., 7%
.
" '
1
■
3-15
$1.50
75c
Cab Co., (quar.)
Chrysler
,-fc
3-21
6%
25c
Chicago Yeljow
/
l
■:
75c
.
2-23
4-
1st preferred (accum,$4.50
Eastern Steel Products, Ltd.
4-
75c
;
2-29
(quar.)
(quar.)
preferred
"
$1
Extra
3- 3
+
Eastern Massachusetts
2-24
25c
'
Chesapeake & Ohio Ry. (quar.)
Chestnut Hill RR. (quar.)
Chicago Corp., $3 preferred (quar.
Chicago Rivet & Machine (irreg.)
Chickasha Cotton Oil (quar.)__
Quarterly.——^
Quarterly
.4———
Chicago Orcat Western Ry, Co;1—
2-23
3-10
10c
Chesbrough Mfg. (quar.)___-^_-____________
7%
2-29
3-10
$1.50
-
3-20
4- 1
4-15
2-25
40c
(quar.)_____
$6
•Hammermill Paper, common (quay,)
v4Va% pyeferyed
(quar.»_________________
Louis & Interurban Water—
preferred
.
3-20
.
25c
___;
*•
'
preferred
on
2-10v
\
3-
(quar,)
2- 7
1
3.
30c
Hamilton Watch Co., 6% preferred
(quar.U
Hancock Oil Co., class A and class B
75c
2-29
Power,
Hamilton
3-1
3-1
3-
Plains,
2-2Q
25c
3-20
(White
-
Paper Co.
Mountain
Brothers
2-29
3-31»
3-15
;. "
10c
Insurance
3-1
Duquesne Light, 5% 1st preferred (quar.)
Durez Plasties & Chemicals, (quar.)
!
;
Northern
6%
Hale
3-10
3-31
$3
_______
2-15
*$1,25
*$1.75
(quar.)
DUn/& Bradstreet, Inc. (quar.)_i___
3-15
2-15
62Vac
(s-a)—
Extra
2-16
3-31
3-1
2-15
3-15
Indemnity Co. (N. Y.)—
3- 1
tlOc
,2-15
$1.75
.
.
(accum.)
Champion Paper & Fibre; common
6% preferred (quar.)-_i-——
'Chapman's
•
3-13
3-15
'aa%C
;
Fire
Hallnor Mines
$50c
3- 1
15c
>
Co.
Motors, new cl. A pfd. (initial)
only on exchange of the old
*75c
preferred (quar.)__
Doyle Machine & Tool (quar.)-.^.—
Dravo."Corp., 6% preferred •<quar.)
Driver-Harris
2-17
'V':
(s-aj___—_
*$1.25
^
3-, 1
'
27c
•.
.
Central Vermont Public Service____j._______
Century Ribbon Mills, Inc., 7% pfd. (quar.)
common
1
50c
$5.50 preferred
(quar.)
Hajoca Corp., common
2-14
60c
Dominiop Textile, Ltd.,
2-21-4
35c
...
.
2-21
3-15
:
Central Ohio
.
2-.15
3-20
3-11
3-
Power, $6 preferred (quar.)r_
$1.50
Gulf States Utilities, $6 pfd. (quar.$1.50
"r
7%
preferred (accum. )_•
$1.50
preferred (accum.^1.50
Light & Power, $6 pfd. (quar.).
$1.50
«>$6
'
-
4- 1 •
-
5% preferred (accum.)
Dominion Stores .Co., Ltd.. (quar.)_
6
1
Gulf
4-15
2-29
25c
Y.)
Griggs Cooper & Co.__
Dominion-Scottish Investments-^-
3-
3-16.
,
Foundryj
$5 preferred r (quar.)$1.25
Central Illinois Light, 4y2%. pfd.
(quar,)___•'- $l;12V^
Central Illinois Public Service—j
,
;
.
2-15
2-29
40c
^
4-1,3-11
■
4-
$1.25
(quar.)
(quar.)___
Griesedieck Western Brewery—
1
51/2% preferred (quar.)_______________
~
Case (J. J.) Co., 7%. preferred (quar.)
•
$1,75
CaterpillarTractor Co. (quar.50c
2-15
66'Ac '
(quar.)_
Greyhound Corp. common (quar.)____^_L__
5V2%
preferred
(quar.)_
8-11
25c
Pepper Co', (quar;)
Dominguez Oil Fields''.-(monthly
Dominion
.Anglo Investment—
5% preferred (quar.).
1
Dominion Envelopes & Cartons (Western)—
7% preferred (quar,)
3-15
Y.)
3- 1
37)4c
(N.
preferred.
Eastern
3-1
6%
3-2
1,
1
25c
Irregular
25c
;
3- 1
3-11
"3- 3
3-15
3-
com.
preferred
Bank
Great American
3-1
-
7%
$1.23
preferred : (quaKOi
National
Great
3-1Q
.
1
__________
Payable
12-23
3-1
30c
v
3-15
w
3-15
4-
50c
Graham-Paige
,
5- 1
4-1
$4
4-20
$1.25
Tubes
convertible
Grace
9-30
f$1.25
50c-
.:i6#v< preferred-vBj
-
1
7-
9-3Q
$55>4c
50c
,
__l__
4-
$1.75
.5% preferred7(qUar.)i—
Dixie Cup Ca.j cljass; A'ytquar.)-,____^_^___
+
,
,
common.
preferred A (quar.>
1
1
Cycle Corp. (quar.)___
;
25c
Manufacturing
(irreg. I
50c
Manufacturing Co. (quar.)________
50c
Gossard (H. W.) Co.____25c
8-15
Dr.
4- W-
v
Steel
5%
11-15
2-15
3-24
3r 1
.
$2
■
___
-
Mills,
9-1
12-1
Distillers Corp..Seagrams, common (quar.)__
-
2-15
5-
4-
Gorham
2-15
50c
(quar. )
Co._
Goodman
5-15
12-31
_
Carolina Tel & Tel
'Carpenter
2-11
6-1
-25c3-1
:r-
1
25c
(accum.
3-1
$1.75
Diamond
3-. 1
3-20.
preferred
Globe
$1.75
^
(quarj
3-
8a
$2.50
4V2% conv. preferred
Rutgers Fire Insurance—
2nd
3-
81.50
(quar.!
Co.,
Goodyear Tire & Rubber,
75c
Co.
a
Insurance—^
2-19
3:'l
.
.
,♦
Marine
2-15
75c
—
(quar.)
Diamond..Alkali
1
3-
••
-
5%
,,
3-31
CanfieldiOil; common (irregularlLuLi^iLLii ^- ^ ^l ^ / ^-lO:.:'
*. 6%
preferred (quar.)__
$1.50
;
3-31 v.
Capital Transit Corp. (;irreg.)'__^^i-;LL£^_^:^t$1.50,:'-;
Co., Class B
'■ $2. Class A. (quar.)
Class ,B
&
3- 3
MatchlC.o^.common (quar,).
participating^proferred (s-a)_-_i_u6% partic. preferred'(s-a)___:
Dictaphone Corp., common
8% preferred'(quary)_r-__u._-_____________
Canadian Pacific Ry;' (re8umed>—t50o
&
5%
of
3-15
(opshare of
Golden
_____—
(quar.)
of Rec.
50c
pfd.
(quar.)—____L______;
Fire
75c
__
7%
•
.
1
Holders
(quar.)—
$6
preferred
3-1
$2
__L_
;
.'Devoe & Rayholds, class .A
3-31
Class B _z_
*4$1.25
,4-29..
3-31.
V7%. preferred '(quar,l-^_ji__^__^A—4-15 >3rl5*
Canadian International Investment Trust-iv>
•
.■5% preferred (accum.)
t$l
- 3"1
1
.
3-
preferred
$6
3%101
35c
(quar.)
___—
.; ?
4-29
.
$1.12)4
(quar.)
preferred;(quar;):;^____
7% preferred (quar.)
Detroit Gasket Ac i\4fg. C6;, 6%
Detroit- Steel Corp,.'^irreg.)
3-1
4- 1
.*
preferred
preferred
7%
2-15
/
*$2
(quar.)__
$5
.
When
Payable
<annual>.___
common
75c
(quar.)
3- 3*
+•
4-
25q
(quar,.),
Common
■<
Cahadian General Electric; Ltdh(d«ar,)i__i> -v - 1$2
Canadian Industries, Ltd..-class A__,
Li_- ,*$1.25
pfd.
J$1.25
Per
$1.50
1
Dentist's Supply Co. ; of New York—
Common
•
•
4)4%
preferred
2-15
;.
.
Carman
7%
Co.,
12-31
4-1
3-15
.
.
&
Delaware & Bound Brook RR.
Common
*85ct$l
Canadian Cottons Ltd., common
(quar»)t;'r_i:-, -1$1.50 ■
4- 1.
6% 'preferred, (quar.
*$1.501'4-1
Canadian Fairbanks-Morse Co. (quar.)_____
*25c
3- 1
Canadian Foreign Investment Corp.—
Common (irregular) '
preferred (i;uar.)
Deere
.
2-29
1-31
-
'•
•
Dayton Power & Light,
2-29
3-15
-
*25c
\
-
2+15
(N. Y,)
44/1000th
3-1
25c
Dairy Corp. (Canada), 5% preferred (s-a)__
Darby Petroleum .Corp.. (quar.)
,
-3-2Q
3- 1
:
t$l
..
:
(quar.)_
4-15
J 10c
,
or
" 3-10
•
*$1.75
.
stock
3-
$2
;
cash
1
4-
$1.75
'
3-
tional),
common
\
3-1
75c
*.
share
.
Name of Company
General Reinsurance .Corp.
General Shareholdings
3-17
Corp.,
Cushman's
4- 1
4-25
0/Rec
..
(semi-annual)—
preferred (quar.)
4)4%
875
tiolaert
$2
Cuneo
,
$$3
*15c
preferred
Canada Northern Power,
Ltd., com. (quar.)_
7%
preferred (quar.)
Canada Vinegars, Ltd. (quaf.)
Canada Wire & Cables class A (quae.)
When
payable
(quar.)
Curtis
.
-$37l4c
:
6%
preferred
&
7%
2-15
2-24
3-9
25c
"•
•.
"
Cla*ssr A
Per
share
'v■
.
Forster Insurance Shares Corp.—
preferred (quar.)—
2-28
3- 1
J20c c;:,
■
'
■
&
Crum
3-15
(quar.)u;_Li
Hame oj Company
Criifn
2-15*
"■
1
_
&
-V:;i
of Rec
1
'-'V '
•
Canada
Holderi
when
share
Co.
THE COMMERCIAL & FINANCIAL CHRONICLE
\
4- 1
2-29
-
2-29
2-29
2-29
L——
4-1
$1.25
3- 1
2-25
30c
(quar.)
xl'/4%
2-29
2-11
25c
3-20
5- 1
3- 6
4-17
$1.06lA
2-29
Quarterly
Quarterly
3-
3-10
15c
3-15
3-
-
preferred (quar.)
(quar.)—
——
$6
T,-
preferred
Department Stores—
preferred (quar.)
Kayser
Co.,
Kentucky Utilities, 7%
Land Co
Gold Mines
County
Kern
Kerr-Addison
—
Klein
3-15
3-
3-
81.50
3-
1
3-
1
25c
7%
Landis Machine,
Common
Co.
.
-
.
8-
4
3-15
3-
4
6-15
6-
5
9-15
9-
5
12-15
12-
5
1
2-15
3-15
2-23
3-
25c
25c
2-15
4-
1
62 Vic
4-
1
3-15
3- 4
2-19
25c
fc
3-14
4-1
$1
250
3-
1
$1.12 Vi
3-
1
2-9
3-15
2-19
1
2-11
3-10
50c
2-25
3-
$1.75
25c
15c
3-10
3-
2-
..
2-25
50c
1
3-
1
2-15
75c
3-1
2-15
4-
3-10
National
1
1
3"
3-15
37'/2c
$7
5-
30c
8-
30c
4-25
1
f
11-
Extra
7-26
30c
(quar.)
1
2-23
3-
11
2-23
$2.50
3-
1
2-21
50c
(s-a)_
3-
$1.75
(quarJ—;
3-
1
2-
$5.25
Neisner
$lS/8
4-1
2-29
2-
9
15c
2-29
2-
9
Newmont
,2c
2c
$1.12Va
$1.75
$2.50
$3.50
25c
$1.25
25c
25C
3-
1
2-15
5-
1
4-15
50c
3-10
2-25
'stocks——,——
$1
3-10
2-25
New
capital
Original
..
Ltd., class A (quar.)
$25c
3-
1
2-
1
$25c
3-
1
2-
1
New
Class
.
B
(quar.>
:
_
;.
____
Ludlow
6ft
preferred
6%
Preferred
Co.
Mines
Gold
Mead
Corporation,
Chapman
6 Vi 7c
77c
2-25'
3-
2-15
3-1
3-17
preferred
3-10
non-cum.
1
9-
5
9-
1
3-
6
3-
1
6- 5
6-
1
30c
9-
common
1
Co.
Refineries, commonpreferred (quar.)..
Miller & Hart, $1 prior preferred
$1 prior preferred (irregular)
$1 prior preferred (irregular)
Convertible
Mississippi Power, $6 preferred (quar.)
$7 preferred (quar.).
prior
preferred
9-
1
preferred
Norwich
Nova
25c
4-1
4-
1
3-20
4-1
3-20
3-
1
5ft
1
2-29
3-15
3-
♦
3-15
3-15
3-1
2-16
6ft
2-25
6ft
3-
1
2-14
5-
1
4-15
3- 1
2-4
3-15
1-26
3-31
3-10
1
3-3
3-10
2-18
3-
1
77c
2-23
Ohio
1
2-8
$1.60
3-10
2-29
3-31
3-17
3-31
3-18
3-
2-19
35c
3-10
3-
3-31
3-20
25c
3-10
2-19
10c
3-15
2-20
25C
3-
6ft
2-15
1
3-10
7
8-
1
3-10
3-
3
3-10
2-24
3-25
2-19
2-19
3-1
3-
3-17
3-15
2-21
2-29
2-11
25c
3-10
3-1.
3%
3-1
2-25
5-1
5-1
4- 3
4- 1
4-1
4-154-15
3-10
3-10
3-10
3-1
4- 1
7- 1
10- 1
3-15
3-1
3-10
2-15
3-15
6-15
9-15
2-21
2-15"
3- 6
2-25
3-1
2-18
arid class A
1
2-19
3-1
2-19
+$1.50
3-
1
2-24
3-
1
2-15
Rochester Button Co.—
40c
4-1
3-21
20c
3-
1
2-15
conv. preferred (quar.)
Rochester Gas & Electric, 6ft pfd.
4-
1
3-15
3-10
2.-15
15c
1
1
2-25
3-1
1-28
1
2-7
t25c
$$1.75
Russell
8c
3-1
2-19
3-1
2-15
4-1
3-15
3- 1
3- 1
3-15
2-29
2-15
2-15
Joseph Water,
$1.50
3-31
3-18
San Francisco
t25c
5-15
4-15
$$1.75
5-15
4-15
3-20
—__——_
preferred (quar.)—.——————Products, com. (interim)
,
preferred (quar.)
Elevator,
_________—
common...—
20c
—_
$1.50
$15c
$$1.25
$1.25
preferred (quar.)—________—
Ottawa Light Heat & Power, common (quar.)
5ft preferred (quar.)_
Oxford Paper, $5 preferred (accum.)___——_
3-15
$1.75
4-
1
3-15
30c
3-
6
2-25
Packard
4-
1
3-
Parker
Paauhau
Package
15c
Machinery —50c
Sugar
Car——
Motor
Pen
Plantation (irregular)———
1
3-
3
Parker
4-
1
3-
3
Parkersburg Rig & Reel,
$5Vi pfd.
3- '3
Patterson-Sargent Co.
6-
Feabodv
Peck,
Coal.
6ft
3-20
Penick
$1.75
3-20
Penney
(J.
C.)
Co.
4-
1
2-
9
6Vift
3-
1
2-15
3-
6
2-25
3-
1
2-21
4-
1
2-19"
3-
1
25c
1
common
(quar.)—
$$1.00
3-15
3-15
$4
2-29
■___—
preferred (accum.)_
(quar.)^—_i._—_——
25c
$1.50
10c
75c
75c
1
1
3-14
3-
3-13
(quar.)
convertible preferred
Lace Co.
3-31
3-15
3-10
3- 1
$3
$2
4- 1
4- 1
3-10
3-10
$1.87Vi
4- 1
4- 1
4- 1
' ,.3-15
3-15
3-13
5- 1
5- 1
3-14
$1.75
$1.62Vi
50c
25c
75c
—
__——
(Del.) (quar.)
Roebuck & Co. (quar.)_—
Invest. Co., Ltd,—
(quar.)
_______
'2-25
2-11
25c
45c
$1.12Vi
SI
—
(quar.)_:
preferred (quar.)
2-18*
3-10
3- 1
37V2C
!,
(quar.)—--.---——.—
?, 25c
(quar.)_—$1.37Vi
common
3-28
-
50c
>».$1.50
,
.
3-15
3-10
,
_
3-10
3-10
3-10
2-29
2-29
2-25
4-20
4-20
2-18
3- 1
2-11
Second Canadian Internat'l
partic.
4ft
preference
6%
preferred
Spem^n
1
,
(quar.)___—
Brothers
Servel, Inc.
—^
2-1
3-1
3-1
10c
4- 1
37Vac
4- 1
2-1
3-10
3-10
75c
3-15
2-29
——25o
3- 1
2-10
—
—
—
110c
$20c
(Laura) Candy Shops (quar.)—_—
Securities Acceptance Corp., com. (quar.)—
Secord
2-21
3-
preferred
Paper,
Seaboard Oil
Sears
2-26
3-31
debentures B (quar,—C (quar.)_
——.—
debenture D (quar.)__
——
Scranton
2-18
3-10
3-
(quar.)
A
•,
—-
pfd. (s-a)___-
debenture
$4.50
2-29
—$$1.75
debenture
•5Vift
Scott
2-21
40c
37 Vic
preferred (quar.)
Remedial Loan Assn. (quar.)_
6ft
Schiff Co.; common
2-21
3-
Stow & Wilcox (irregular)—
& Ford, Ltd.
(quar.)—,—————
$1.50
7ft
$1.37,/2
(quar.)—
(quar.)———
25c
7Vift
9
2-21
;
Paton Manufacturing Co.,
preferred
8ft
2-23
2-
1
—
Common
2-23
1
62V2C
—10c
—
Savage Arms Corp.-—
& Power, 6ft
3-20
3-
..
Products—__—-—
Steel
Savannah Elec.
2-15
;—
(quar,)
convertible preferred
$2.50
4-
2-28
—
Rust-Proof
4-
7ft
10c
—_—
Rustless Iron
2-1.5
:—,—
(quar.)
Co.
1
2-15
3- 3
37V2C
St.
(quar.)
3-
.3-10
(Helena),, Class A
Mfg.
2-11
3- 1
3-1
(quar.25c
Co
—. ,,
50c
& Steel, common (quar.)—__
15c
(accum.)_
preferred (quar.)
Roxy Theatre, $1.50
Rubinstein
2-11
3- 1
preferred E
3-18
$1.75
3-
37J/2C
Roxborough Co,—•
'
1
32c convertible partic. preferred
3- 8
4-
3-15
37V2C
D (quar.)
$1.50
iquar.)_.
$1.25
Rolland Paper, Ltd., 6ft preferred (quar.)$lVa
ft:Rome Pump
—.——___________
15c
5ft
2-14
3-
——.
—
$1.50
3-15
+$1.50
50c
Co.
H.)
(H.
Robertson
3-31
3-15
2
4-
8-
3
$1.50
10c
preferred
5-1
8-1
11- 2
3-28
Joseph Lead Co
3-15
2
3-10
Safeway
67c
6-1
9-1
12-1
Republic Investors Fund,
6ft preferred A (quar.)_—
—15c
6ft preferred B (quar.)
,
—
15c
Republic Steel Corp., common
25c
6ft prior preferred A (quar.)_—$1.50
6ft
preferred (quar.)—
$1.50'
Reynolds (R. J.) TobaccoCommon
(Irregular)
50c
7ft 2nd preferred (quar.)
—.
$1.75
7ft 1st and 2nd preferred (quar.)__
$1.75
77c 1st and 2nd preferred (quar.)
$1.75
Rheem Manufacturing Co.
(quar.)
25c
Rice-Stix Dry Goods (irreg.) ________
50c
Riley Stoker Corp. (irregular)
:
—
10c
St.
1
2-29
3-
1
* 3-1
3- 1
25c
* 40c
Aviation Corp
Republic Drill & Tool,
2-29
common—
$8.50
t
3-3
2-28
2-29
2-17
2-16
2- 4
2- 4
4- 1
3-10
3-15
3-9
3- 9
87Vic
25c
37 Vic
50c
25c
Stock dividend on common
1
3-1
2-29
3-15
25c
Republic
2-21
2-15
1
3-15
2-15
3-10
1
1
2-18
3-15
3-15
Inc.,
2-28
2-28
2-25
2-15
2- 1
2-29
40c
87Vic
77c
.
3-31
3-31
3-15
(irreg.)—
3-
4-
5c
Steel
$1.75
4-
37V2C
Reliance
4-
,$1.75
.
$1.25
$1.75
50c
25c
$iy3
.
preferred (accum.)— $$1.62Vi
40c
Grain, 6Vift
1-25
$l.l2V'a
4-
3
Reliance
1
'
—_L___—
2-15
3-15
2-15
2-15
—_
$1
(quar.)__
3-15
4-15
3-15
3-15
Engineering Co.—
Reliance Electric &
1
2-15
3-
25c
50c
_
2-15
2-29
2-15^
(quar.)—
3-10
16c
$1
6ft
'
preferred
pfd. (quar.)—
■,77ft
Otis
—-
(quai^.)_
(quar.)_
$1.60
4-
Ontario Steel
1
$1.60
of
(quar.)
2-15
3- 1
3-31
3-15
40c
—40c
preferred
preferred
preferred (quar.)
Z
4Vi% preferred (quar.)
River Sand, 77c preferred (accum.)___
Okonite Co.,
Omar
2- 4
3-
pfd. (quar.)
2-21
2-21
3- 1
$1.25
50c
50c
$1.75
$2
(quar.)—
preferred (quar.)
Pullman, Inc.
—__—
Burlty Bakeries Corp. —i
Quaker Oats, 6ft preferred (quar.)______—
Quaker State Oil Refining——
——
Radio Corp. of America—
$3.50 conv. 1st preferred (quar.)_
—
Rath Packing Co. (quar.)_
Raybestos-Manhattan
Reading Co., 4ft non-cum. 1st pfd. (quar.)_
Real Silk Hosiery Mills, 7ft pfd. (accum.)_
Regent Knitting Mills, common___
I
$1.60 preferred (quar.)_
—
—
2-18
3-
2-18
2-21
3- 1
3-1
25c
preferred (monthly)
preferred (monthly)
2-4
Co.——_____—
Oklahoma Gas & Electric,
2-25
3-14
1
3- 1
$1.25
7ft
2-8
3-10
3-10
3-15
2-25*
2- 9
4- 5
25c
(quar.)
;
(quar.)
Public Service Elec. & Gas, $5 pfd.
2-10
4-
com.
7ft preferred (quar.)
8ft preferred (qviar.)_—,
3-16
(quar.)__
Pharmacal
preferred
$5
I
2-18
3-10
50c
preferred Class A (quar.)__:
N. J., common.
5ft
2-18
4-1
4-1
4-1
4-15
3-15
3-9
4-15
3- 1
Public Service Corp. of
3-15
4-
$5c
$1.25
$1.50
1
58Vbc
41%c
of Indiana,
Service Co.
Public
3-16
3- 1
3-1
70c
75c
25c
6(4c
62Vic
$5c
$1.25
preferred (monthly)
preferred (monthly)
7ft
1
$1.50
Ltd., 67c
2-19
3-15
3- 2
Proprietary Mines, Ltd. (Interim)
Prosperity Co., 5% preferred (quar.):
Public Electric Light, 6ft pfd. (accum.)
Public Service of Colorado, 6ft pfd. (monthly)
1
100
Ohio Power,
2-23
$2.50
9-
3-
Scotia Light & Power Co.—
6%. preferred
3-20
25c
7-31
3-15
1
(quar.)
25c
I
8-15
$1.50
j 25c
25c
$1
+$1
Ogden Corporation (irregular)——_____
Subject to the approval of the S. E. C.
Ogilvie Flour Mills, common (quar.)—
,3-1
3c
~
I~—II
(irreg.)—I
—
2-21
2-19
& Electric—
Water
$2
(resumed)
Mid-West
3-
3-
$1.25
3- 1
4-1
(quar.)
1st preferred
4-
77c pfd. (quar.)
3-20
(quar.)——
5ft
2nd preferred (quar.)_____
Preston East Dome Mines (quar.)
Procter & Gamble, 5ft preferred (quar.)
(Wise.)—
50c
(quar.)__
2-21
1
(quar.)
preferred
50c
;
3-
1
(quar.)
4-15
Prentice-Hall, In?., common (quar.)___
$3 preferred (quar.)
Pressed Steel Car, common
3-
(quar.)
3-
3-20
$1.50
40c
20c
2-18
3-
2-15
3-1
3-15
(irregular)
2-18
5ft
2-21
3-15
4-15
Co,
3-
3-
(quar.)
Co.
3- 1*
2-15
2-15
—_w.$$1.50
3- 1
60c
40c
share
3- 1
4- 1
3-28
3-1
3- 1
15c
3-
3-15
3-1
150c
2-15
$1.75
$2.50
25c
3714c
$1.50
$1.37 V5«
$75c
preferred (quar.)
Food
$1.27Va
Natural Gas
preferred
77o
3-15
/
$1.50
$1.5(1
50c
3-10
3- 1
(quar.)__
Preferred Accident Insurance
$1.25
Norwalk Tire & Rubber, com—
$1
$1.50
preferred-.
1st preferred
$4
1
1
50c
$1
—
Insurance
Northeastern
30c
•
Pratt & Lambert
71%c
75c
held
Northwestern Utilities.
6-
$1.50
87c
2-15
3-
$1.50
$2
2-15
1
$1.75
(quar.)
Mid-West Abrasive
1
3-
67c
2-25
3-
1
Pratt
2-18
4-
—
each
for
com.
Northwestern Public Service,
30c
Co.__V
Products,
5^
1
$2
junior preferred (quar.)
preferred (series 1940)
(quar.)
77c
preferred (quar.)
—
Michigan Sugar. 6% preferred (accum.)__
Steel
2-29
6-5
67o
Midland
2-28
2-
25c
(quar.)
Car
Elec.
&
Northern States Power
3- 6
$6
.
3-10
3-17
50c
10-20
3-1
$2.50
dividend)—one
River
Northern
3- 15
81 Vic
10-30
3-15
!
(stock
North Pennsylvania RR.
3-31
3-10
6ft
Co.—
Gas
Pacific
North
2-17
$1.62Vi
7-22
2-14
North American Life Insurance, common
13-1
(quar.)
Motor
6
25c
1—
8-1
1st
3-25
Sl^'/a
pfd. (quar.)
of Canada, 6ft
Power Corp.
4-21
1
25c
20c
$1.25
37Vic
50c
$1.25
$1.25
25c
Alexander—
&
5-1
50c
Ltd. (interim)
Ry. (quar.)!
American
shares
2-15
25 c
(increased)
(s-a>—
& Scott—
Powdrell
40c
Northwestern States Portland Cement
____
2-14
2-18
1
5% 7c preferred, (quar.)
67c
preferred (quar.)_
2-19
3-
$3.25 partic. pfd. (quar.)—_
Thermit, common (quar.)
preferred
■
3-20
5
2-21
3-15
3-10
3-io
4-
Corp.—
Electric
Common
$1-31 %
___
Michigan Bumper Corp., new (initial)
Michigan Public Service,.common (quar.)—_
6%
3-10
$1.50*
Textile,
Meteor
3-20
3-9
$1.37Vi
preferred
Metal &
1
$1.12 Vi
(quar.)
(accum.)_z
Merchants & Miners Transportation
Metal
North
1
3-
Plymouth Oil Co. (quar.)
Poor & Co., class A (quar.)
Potomac Electric Power, 6ft pfd.
5 Vi ft
preferred (quar.)—.:
$1.75
Noranda Mines,
4-
1
2-11^
3-
Norfolk & Western
4-
15c
_
4Vi ft
preferred
•
2-18
1
3-10
2-29
$1.75
$1.50
12Vic
$1,31 V4
Nonquitt Mills
3-20
1
20c.
__
57c
1
3-
$55 Vic
$2 Vic
(quar.)
_
Merritt
Noma
2-28
3-10
4-
'■
_________
preferred (quar.)
5Vift preferred (quar.)
Merrimack Mfg. Co., common
4
30c
!___
(quar.)
Mines
common
common
3
25c
preferred (quar.)
(quar.)
Mercantile Acceptance Corp. of California—:
5ft preferred (quai\.)__
_
5ft
preferred (quar.)
5ft
preferred ' (quar.)
i
i-6%': preferred (quar.)____
.
6% preferred (quar.)
6 ft
preferred (quar.)_»
;
;.
Mergenthaler Linotype
_i
Co.,
4
3-
$1.75
$6 preferred
&
811-
3-15
75c
—
$5.50
Merck
8-15
11-15
25c
___
Publishing
5
$1.12 Vi
preferred (accum.)
McCrory Stores Corp. (quar.)
Red Lake
2-29
5-
4-15
Light & Power-rr
preferred (quar.)
Newberry (J. J.) Co. (quar.)
Newport Electric
Niagara Lower Arch Bridge (quar.)—.
Niagara Share Corp., $6 pfd. A (quar.)
Niagara Wire Weaving. (quar.)
35c
(irreg.).—
Porcupine
3-15
2-16
7
;
& Queens Elec.
5.i0%
50c
(irreg.)„__'_..____
McKenzie
2-25
5-15
1
2-14
$5 non-cum. preferred (quar.)__
New York State Electric & Gas—•
$1%
Department Stores
McCahan (W. J.) Sugar Refining & Molasses—
Mclntyre
3-15
25c
May
McGraw-Hill
2-12
26 Vic
_
7%
2-29
20C
-
1
Co.,
Co.
1*
4
25c
—
(quar.)
Maui Agricultural Co.
3-
2-10
3-
2-
Common
2- 1
3-15
$1.50
7ft pfd. (quar.)
Manufacturing (quar.)_
Masonite Corp., common (quar.)
4Vi% preferred (quar.)
_________
Master Electric
3-
3- 3
2-12
2-28
annual
Increased
$1.50
—__
(B.)
3-15
15c
Consolidated
Mapes
New York
$1.50
(quar.)
(quar.)
(quar.)_
(quar.)
Co. (irregular)-.—
Mallory (P. R.) & Co., common
Manischewitz
2-17
25c
-
Mahon (R. C.)
v
1
$2
Paper
Manhattan Shirt, Co.
New York Air Brake
3-
10c
preferred
preferred
6ft
3-22
$1.50
(quar.)__-
(irregular)
RR.
Copper Co.(I.) Co., common
Magma
Magnin
>
&
Power
1
$1.50
Manufacturing & Sales
MacLaren
3-21
4-
$25c
Louisiana Land & Exploration
Louisville & Nashville
2-29
3-31
$2
__
1
3-
75c
15c
25c
75c
Pittsburgh Forging Co. (quar.)
Pittsburgh Steel Co.—5V27o prior preferred (accum.)
Pittsburgh Youngstown & Ashtabula Ry,—
7% preferred (quar.)
Planters Nut & Chocolate (quar.)
New World Insurance Co.—
2-19
$1
$1
:
-
.
3- 2
3- 1
(quar.)
7.
Jersey Power & Light, $6 pfd. (quar.)_
Jersey Zinc Co. (irregular)—
New
L
Lock Joint Pipe Co., common .(monthly)—Common
(monthly)
8% preferred (quar.)
Lord & Taylor, 6ft 1st preferred (quar.)—_
Loblaw Groceterias Co.,
2-15
2-15
3-23
$1.50
$1
& Tel.
England Tel.
3-20
1
7
Newport News Shipbuilding & Dry Dock, com.
$5 preferred (quar.)
New Amsterdam Casualty Co. (s-a)__
New Bedford Storage Warehouse (quar.)
—
——
—
1
3-15
_
$1.12Vi
lExtra '
4-
3-
3- 1
2-
—_
Liquid Carbonic Corp., com. (quar.)
___
4Vift preferred A (quar.)_
Little Miami RR. Co. special gtd. (quar.)
2-19
.
50c
Electrotypers t irregular)
Piper Aircraft, 60c preferred (quar.)_
Pillsbury Flour Mills
Pittsburgh Bessemer & Lake Erie RR. (s-a)_
Pittsburgh Coke & Iron, $5 pfd, (quar.)
2-28
50c
$1.25
$1.50
25c
$1
20c
$1.50
20c
50c
$32.37
Photo Engravers &
3-1
4-1
$2 class A (accum.)_
Mining Corp.
2-11
3-1
2c
Newberry (J. J.) Co., 57c pfd. A. (quar.)
3-15
15c
-
(quar.)—
Brothers
Nestle-Le Mur,
5
3-17
1
3- 1
25c
20c
25c
•
25c
35c
40c
(quar.)
1
3- 1
2-19
4- 1
3- 8
3-10
2-25
3-10
2-24
4- 1
3-1
4- 1
3- 1
3- 1
2-10
3- I
2-15
3- 1
2-11*
3- 1
2-11*
3-13
2-26
3- 1
2- 4
3- 1
4- 1
3-15
3-1
2-15
3-1
2-16
3-12- 9
4- 1
3-15
3- 1
2-18*
$1.50
(quar.)
3-15
2-19
3-
'25c
30c
$1.75
(s-a)„i_
1
$6 preferred
preferred
Philadelphia Co., 5ft preferred (s-a)
Philadelphia Suburban Transportation (quar.)
2-18
3-30
15c
——
6ft
Co.,
Philadelphia Suburban Water, com. (quar.)_
6ft
preferred (quar.)
Philco Corporation
Phillips Petroleum Coi (quar.)
Phoenix Hosiery, 7ft
1st preferred
Phoenix Insurance Co. (Hartford)
(quar.)
3-10
30c
50c
$1.50
20c
37Vic
;
(quar.)
3-15
2-29
75c
.
preferred
1st
3-15
4-
' 25c
:
—
6 Vift
preferred (quar.)
Lionel Corporation (quar.)__
4-
2-15
—
Insurance
Pfizer (Charles) & Co. (quar.)___„_
Phelps-Dodge Corp.
!
Philadelphia Co., $5 preferred (quar.)ft-i
2-28
Nebraska Power, 77c preferred (quar.)
\ 67c preferred (quar.)
—
Nehi Corporation,
common——
10-26
1
Fire
Union
,
5-10
3-10
-
Co
5-10
6-
3-15
(quar.)—_________
Co.
National Standard
National
(Ft. Wayne)—
$5 pfd.
Rubber Machinery
5-10
6-
i'$1.75
$1.50
pfd. (s-a)_
National Linen Service Corp., $5
1
75c
'
6-
(quar.)__—133/4C
10c
Nashville, Tenn,
Extra
preferred (s-a)
—
National Oats Co. (irregular)
5% preferred (s-a)—
$1.75
—.—-——-
common
9
2-
.
——
Co.,
3-15
10c
Extra
Pfaudler
Pfeiffer Brewing Co.
2-15
preferred X quar.) _—
(quar.)
;
—
(quar.)
National Dairy Products
——_
National Electric Welding Machine
Quarterly
——
Quarterly
Quarterly
—
—_
National Gypsum, $4.50 preferred (quar.)„
National Lead, 77o preferred A (quar.)__—
National Life
&
Accident
Insurance
Co..
3-
1
(quar.)
2-25
2-29
7%
3-10
Exploration
2-10
3-15
National Cylinder Gas
'
15c
Petroleum
3-15
National Container
2-18
3-
50c
30c
—
2-24
2-29
30c
—-.
—____
1
2-29
IOC
v
3-11
2-24
3-1
Peter
1-24
3-
$1,25
National Biscuit Co., common
25c
2-19
?3I V4C
i$l
Murphy (G. C.) (qua?.)
—
Murray-Ohio Mfg.
______—
Muskegon Motor Specialties, class A (quar.)
Muskogee Co., 6 % preferred (quar.)
Muskegon Piston Ring———
—
Nashawena Mills
National Automotive Fibre, 67c pfd. (quar.)_
National Bearing Metals, common (quar.)—
5
11-
$1.75
'
preferred
Link-Belt
8-15
$1.75
—
—
5
11-15
—
Linen Service Corp. of Texas,
'
5-
$1.75
(increased)
—
2-15
1
5-15
$1.75
Lincoln Stores, common (quar.)
7%
3-
250
preferred > (quar.)————- - -
Quarterly
Quarterly
Quarterly
2-15
2-21
3-11
4-1
3-10
3-10
common
3-
Corp
—
30c
Mueller Brass Co—
—.—40c
Mullins Mfg. Corp., $7 preferred (quar.)—
$1.75
Muncie Water Works, 87c pfd. (quar.)
$2
2- 4
25c
—
Lincoln National Life Insurance
v,
1
3- 1
4-1
Milk Co.,
414 ft
3-8
-
2-1
2-29
.2-11
3-15
3-15
3-6
3-212-29
2-18
!
$1.75
; 25c
1
4-
3-1
3-15
3- 1
4- 1
4- 1
4-1
4-15
3-.1
3- 1
$1.0614
50c
.
.._
Pet
2-15
2-29
,
3-15
(quar.)___
1-26
3-
Stores
2-28
3IV4C
50c
$1.10
$1.50
$1.75
$1
$1.25
25c
$1
$1.50
$1.50
preferred (quar.)_______
Paul, Inc. (quar.)
3-
2-18
3-
Wheel
Motor
25C
Lily-Tulip Cup Corp. (quar.)
;
4-15
3
3-
10c
,
2- 4
^
3-15
3-
$1.25
common
(quar.)
Common
7 ft
3-11
5-1
L& Myers Tobacco, class B (quar,)—
Liggett
2-4
1
—
—
Corp.
1
$20c
-
Savers
34-
<
$$1.75
(irregular)———
$2.50 preferred (quar.)
Lee (H. D.) Co. (quar.)—
Lehigh Portland Cement Co.—
4% convertible preferred (quar.)
Le Tourneau (R. G.) Inc., common (quar.)$4.50 preferred (quar.)___——
Leslie Salt Co. (quar.)—'——
Lexington Water, 7ft preferred (quar.)
Libby-Owens-Ford Glass ——•
Life & Casualty Insurance of Tenn. (quar.)
Life
2-21
■3<1
—
Lanston Monotype
Leath & Co.,
2-21
3-14
—
Corp. (resumed)
Co. (quar.)
Machine
Lanova
3-14
$30c
preferred (quar.)—-——.
7ft
preferred (quar.)
7% preferred (quar.)-—
—
7 ft " preferred (quar.)
—
Lane Bryant Inc. (quar.)
——:
Lansing
2-29
$1.75
7%
Lane-Wells
2-15
3-10
$1.50
——
—
1
2-29
V;
Peoples Gas , Light & Coke
Peoples Telephone, 4V2ft preferred____I____ :
Peoples Water & Gas, $6 preferred (quar.)_
Perkins Machine & Gear, 7ft pfd. (quar.)
2-18
3-15
$2,25
$2
preferred A (s-a)——
——
preferred B (s-a)
$4 preferred C (s-a)——i.-——
Montana-Dakota Utilities, common———
5% preferred (quar.)——
—
Montreal Loan & Mortgage Co. (quar. )^>__
Montreal Cottons, Ltd., common (quar.)
77c
preferred (quar.)
——
Morgan (J. P.) & Co., Inc.—
Motor Finance Corp. (quar.)—
7
2-
2-25
3-
$2.25
$4.50
4-
50c
,
(quar.)
—
(quar.)-—
common
$4.50
15c V
Baking Co., com.
(quar.)
(quar.)
Common
3-29
3-20
40c
(quar.)
Superior District Power, 5ft pfd. (quar.)
Lake
2-28
25c
Mines, Ltd.
Lake Shore
8
4-29
25c
(quar.)
————
of the Woods Milling, common (quar.)
preferred (quar.)
lake
3-
Peoples
3-
,
50c
2nd preferred
7ft
2-28
$2c
.
preferred (quar.)—.
1st
6ft
2-1
3-15
20c
special preferred (quar.)
6ft
2-25
2-29
30C
-
3-10
$5C
2-15
3-
50c
*S7
$1.25
Monarch Machine Tool:;—w—75c,
Monomac Spinning Co.
—L—$1
Monroe Chemical Co., $3.50 pfd. (quar.)
87V2c
Monroe Loan Society 5J/2% pfd. (quar.)—
34%c
Monsanto Chemical Co., common—50c
2-1
(interim)-—-
2-15
3-
Monarch Life Insurance
2-10
87 Vic
2-14
3-
3-
.
!____
3-
Drug
of Rec.
''
3-17
2-21
3-17
Ltd. 7% pfd. (accum.)
Co. (Mass.) (s-a)_
Monarch Knitting Co.,
(quar.)
Holders
-
share
4-
Mills——
Carpet
Mohawk
1
preferred
conv.
When
PayaOie
Per
'
Pennsylvania-Dixie Cement,-7ft pfd. (accum.)
Pennsylvania Electric Co., 4.40ft pfd. (quar.)
Pennsylvania Salt Mfg
Pennsylvania State Water, $7 pfd. (quar.)_
Pennsylvania Water & Power, com. (quar.)_
$5 preferred (quar.)
2-21
25c
Voehringer Co.—
Mock, Judson,
1
3-15
Koehring Co. (irreg.)—
Kresge (S. S.) Co. (quar.)——
Kress (S. H.) Co., common (quar.)Kroger Grocery &
1
4-
3-20
3-20
25c
Co——
Emil)
(D;
5
12-
1
4-
$1.25
Keystone Steel & Wire
King Seeley Corp.
.
—
Kirkland Lake Gold Mining (s-a)
)
12-15
$1.75
pfd. A (quar.)junior pfd. (quar.)__
$6 partic.
6-3
9- 5
$1.50
•
& Co
(Julius)
Kendall
6-15
9-15
15c
—- ,
__
Kaufmann
5ft
4
15c
15c
—--—
Quarterly
3
$1.25
2-21.
(quar.)
—
50c
preferred B (quar.)——__—
$1
•4V2^ preferred C (quar.) —_—
$1.06
Mississippi Valley Public Service com. (quar.)
$1
,67c preferred B (quar.)
—
$1.50
7% preferred A (quar.)—
—
$1.75
Missouri Utilities, common—
25c
5 7c
preferred (quar.)
$1-25
Mitchell (J. S.) & Co., ;;Ltd._-_U——t$2.50
Mobile Gas Service, 67c preferred (quar.)—
$1.50
.
\
,
Name of Comvanv
Pennsylvania-Central Airlines Corp.—
4 7c
2-2G
*
•
Kansas Power,
$7
4-1
20c
Co. (quar.)
Vegetable Parchment
Kalamazoo
1
4-
$1.25
_——1
preferred B (quar.)
Manufacturing (quar.)--
5ft
3-3
,
,
of Rec.
Common
3-3
$1.25
;■
preferred A <quar.)____!
5ft
Joy
6
4-
50c
Payable
Minneapolis-Honeywell Regulator-
2-26
& 3-10 ?!
50c
Johns-Manville Corp., common
ZL
Jones & Laughlin.Steel, common___———
,
Company
Name Of
of Reo.
Payable
When
share
Hoiaers
When
:
..
share
■
1
Holders
Per
Per
'
Name of Comvam
Volume
159
>■;
'
•
v-.v yy+y
;
«»«r
Corp., class B____a.,
Class
A
THE COMMERCIAL & FINANCIAL
CHRONICLE
■
■
Name of Company
:
i.
Serrlck
Number 4259
-
.
(F,
G.)
'.'
■7%
preferred
Canada,
(quar.)
(quar.)---'--—
Corp.—
Aircraft
Co.
preferred
3-10 r
2-29
4-
2-29
United
25c
3-
2-18
United
2':
75g
40c
3-.
3-15
•
$1 'Ac
;
/
,
2.
2-15
-
2-15
3-
1
'.
•
.
-
2-15
1
3-
$3.
10c
3-10
3-
(quar.)_—25c
3-25
>'v3-;i:>
(quar.)_
50c
'
(reduced)
___
_
—
Canada
Power,
(quar.)
preferred
Southern
preferred (quar.)
Southwestern Life-insurance (Dallas)
non-cum.
Southwestern Public Service
1
2-18
Common
(quar.)
1
2-18
Common
3-27
2-28
30c
3-
2-15*
2T20 :
4-20
U.
3- 3
5-151
$1.25
9-15
8-15
1
$1=
•10-16
10- 6
$1.50
3-15
3-
3-10
3-3
3-
1
2-21
3-
1
$1
'
•
*
$2;
$1.37Vi
■
Spear & Co., $5.50 1st preferred (quar.)_
v
$5.50 2nd preferred (quar.)-j.
$1.37Vi
'• $5.50 2rtd!
preferred (accum.)--—$1(37Vi'
—
Spencer 'Kellogg & SonsNew com., (initial quar.)———-——
Spiegel, Inc., $4.50 conv. preferred (quar.)_
Squibb (E. R.) & Sons, common_
45c
345
50c
Staley (A. E;) Mfg., $5 preferred
(quar.)—
$1.25
Insurance ,Co.r (quar.)—
Stahdard.Accident
4V62Vic
Standard Brands, Inc.™
—
:
25c
3-15
5%
5%
5%
•
3-1
3-
1
2-15
3-
1
2-18
.
3-15
2-15
-
3-15
2-29
3-31
^Participating
conv. preferred
•.-___•——
(interim)
31 'Ac
—
.
25c
—
Products
3-20
3-15
20c
3-31;
3-10
3- 3
•
2nd
preferred——j.———
common (quar;)_^____—
^
Wurlitzer
69c
_i
i—*-
—
Co.
Norman
preferred1 (qua/r.»—„__i.
conv,
Sterling Drug, Inc.
..
Extra
;
——
—
Strawbridge & Clothier, 5%
>: $5 preferred' (quar.)
——_
pfd.
6%
prior
preferred
(accum.)__
Waite Amulet
Mines, Ltd.
Walgreen Co.,
common
Stuart
4-1
3-
V;
3-10
'
3-
$20c
$3c
Common
3-15
pfd./(Quar-)—
!
^
68%c
$lc
;
conv.
Ltd.™
I
4-
2-15
6% preferred (quar.)
preferred (initial)
:
Swift & Co, (increased quar )_—_——
Special
•
.
10c
1
3-
3>:
1
4-
40c
1
Common
2-19
1
3-
1
2-15
3-
Extra
2-
1
3-1
3-
1
2-15
3-1
2-15
4-
1
3-21 '
4-15
2-25 •
Western Tablet &
3-1
2-15
Westinghouse
Westinghouse
Sylvania Electric Products
(quar.25c
Sylvanite.Gold Mines (quar.)_
$3c
Syracuse Transit Corp., common (irregular)
50c
1
Common
(Irregular)
—2———
(irregular)
•'
Gommon fIrregular—
Tacony-Palmyra Bridge, class A (irreg.)
50c
preferred (quar.)___„
Talcott (James) Co., common
(quar.)——■
5'A 9) 'participating preferred
Tampax, Inc.
7c,'b pfd. (quar.)(quar.)—__
:
-2————
Texas Company (quar,)
Texas Gulf Producing
(quar.)
G'/o preferred
Associated
Title
Roller- Bearing
Insurance
Toledo
1
73-
1
3-15
3-
1
15c
3-
1
1
7'fe' preletred
Toronto
Trane
•
'
(monthly)——-
Quarterly
Quarterly
Insurance
58 Vie
(quar,)-
—;
208
South
La
Salle
Union
Carbide
Union
Sugar Co.
&
Street
pfd.
(quar.)—
Carbon
(quar.)
Union Tank Car Co.
United
Aircraft
A--':
Corp., 5%
conv.
pfd. (quar.)
T
2-15
3-10
4-20
3-10
2-29
50c
3-15
2-15
$1.37'A
7%.
4- 1
2-25
cne
at
>;>
tax.
Nob*/
source.
Less
a
British
Income
tax.
3-10
3-11
3-15
2,672,740
14,248
.35,189
3,582
~
5,074,588
+
8,200
+
+1,886,865
36,000
+
45,812
948,116
+
i207 '
•—
227,902
+
—
+ 446,621
896,200
323,685
752,635
—
3,057
—
Total U. S. Govt, securities
(incl. guar, sec.)
11,816,204
F.
'
+ 421,878
11,872,874
Total loans and securities
Due from
foreign banks
+
3-15
2-11.
2-11
3-15
2-
Bank premises
Other assets
3-1
3-1
6-1
$2.50
6-1
5-15
$9
22'Ac
2-29
2-15
5,916,740
89
4,380
■+
29,609
—521,512
+
1168,104
—
2-15
$1,25
+
+
74,916
Uncollected items
3-15
+5,885,133
435,919
136
R. notes of other banks
$1.25
4-
Total
2.-15
.
1
.
.
1,689,567
35,095
assets
17,186,597
Member bank— reserve acct..
8-31
+4,675,114
808,018
646,288
+286,627
388,110
Treasurer—gen. accts..
Foreign
1,591,761
8-15
+
40,286
—
64,168
790,230
5-15
$1.75
72,467
+
—134,603
U. S.
2-14
5-31
+5,139,627
12,109,187
....
2-29
,,
Deposits:
; 3-18
$1.75
22,715
—
11
Federal Reserve notes____„
2-15
$1.75
—163,93a
4,084
—
548
+
33,651,528
...
17
—
67,823
Liabilities—
5-15
2-29
50c
8
'
Other
Deferred
2-19
3-15
352,149
Total deposits
8-11
Other liabs., incl.
3-1
2-15
Total liabilities
3-
$1
1
2-15
3- 1
$20c
2-19
87'Ac
3-
1
4-
1
3-15
25c
3-1
Air. Brake
—364,235
+
68,266
986
+
2,015
—164,612
+
5,098,895
6,936
•
■
'
156,149
188,097
.....
98
+
+
9,327'
+
;
26,965
27,686
+
33,651,528
136
" 584
+
3,583
—163,930
64,489
Total liabilities & cap. accts.
Ratio of total reSi to deposit &
2-15
—
33,215,828
Other capital accounts........
3-22
3-15
25c
1
353,500
+
5,139,627
+
2-21
4-
$1 'A
+
accrd. divs..
....
Capital Accounts—
Capital paid in
Surplus (Section 7)._.
Surplus (Section 13b)_
2-19
20c
+128,142
availability items
8-15
10c
16,822
14,699,385
1,322,910
,
$$1.75
(s-a)
—'
1,683,226
75c
-
+
Feb. 24, '43
—
74,488
—
10,167
jp
50c
;
Decrease.
or
—1,130,206
200
10,787
46,503
■••Notes
t25c
—
—
19,911,117
'
t$l
i
—
336,251
6,564,038
Bonds-
63,501
—
263,791
Certificates______i_i___'__L__.
2-15
,
19,311,075
Bills
2-15
Feb. 16, '44
and
U. S. Govt, securities:
2-11
40c
of dollars)
Industrial loans
4-10
f20c
t
hand
Electric
&
2-21;
2-21'
3-
1
2-21
$1
2-21
5-10
FOREIGN
a
22-
Commitments
8
2-29
8
record for the week just
EXCHANGE
RATES
CERTIFIED
:■
to
—15.2%
indus¬
make
trial loans.u.:—'
9,944
/
+
—"
273
'
'1,629
passed:
FEDERAL
18 TO
FEB.
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
24,
1944, INCLUSIVE
.
'
\
'
r.
Buying Rate for Cable Transfers in New York
Value
Feb. 19
$
$
in United States Money
Feb. 23
,297733*
.251247*
.251247*
$
.
.297733*
.297733*
,251247*
.251247* '"V :
.
3.228000
3.228000
3.228000
3.228000
Feb. 24
.297733*
Feb. 22
Feb. 21
.297733*
,,
;>:■ 3.228000
'
Official-—
.060586*
.060586*
.060586*
.060586*
.060586*
.051275*
•Free...^
2-25
Official
,
•
Free_.
v
.051275*
.051275*
.051275*
.051275*
8-10
11-10
2-28
3-15
3-
3-
1
1-31
JS1.75
4-15
3-31
New
$1.75
3-30
3-
Union
>
/
1
4-
1
3-10;;
75c
4-
1
3-
3
30c
3-10
3-
1
50c
3-
1
3-
1
2-15
4.035000
.895625
HOLIDAY
.572766*
.
.909090
y.
.895000
.572766*
•
.205820
4.035000
4.035000
.301215
.301215
.301215
.205820
.301215
.205820
.205820
v
•
?
.909090
>
'
.909090
>
.909090
.909090
pound
.893750
.893541
.893125
.893125
.892500
3.244203
_•
2-15
$1.25
.909090
Free
Uruguay,
.572766*
;V >>.
Official
Zealand, poundof Soutii Africa,
>
.205820
.909090
.895703
.572766*
4.035000
> .301215
;
.909090
.896093
>>
4.035000
India (British), rupee
Newfoundland, dollar—
,909090
.909090.
.572766*
Mexico, peso
-
,;,'
.896250
Colombia, peso__
England, pound sterling
8-15
4
BY
FEB.
Australia, pound______._________________________
Brazil, cruzeiro—
3-10
50c
2-29
$1
62.5% '
Canada, dollar—
'
3-
F. R; note liabilities combined
Manufacturing-
.251247*
11-15
2
1
3-20
2-19
Official
;
2-19
1
23c
••
3-
Feb. 18
1
3-
5-15
25c-
——
7-15
3-15
Argentina, peso-
25c
—
—
l
Noon
$1.37Vi
(accum.)-
4-15
8-
Country and Monetary Unit
20c
Trustee Standard Oil Shares, series BTuckett Tobacco, Ltd., 7% pfd. (quar.)_—
5-1
,
20c>
—
•/,
3-1
3-7
■
—
City Rapid Transit, 7%
2-29
25c
—
2-19
$2
'
Feb. 23,'44
on
Total reserves
Discounts and advances.-
2-19
2-18
t65c
$1.50
(quar.)
Truax-Traer Coal, common———
5'Ac/c preferred (quar.)
—
2-2^-'
Twin
4
3-
12V2C
j2—-2—222—.
—
.2-25
50c
-r'.
Ltd., 5'A% pfd.
preferred (quar.).^
6'4
Universal
3-15
41%c
—
Elevators,
Co.,
Trinity
35c
-
1
,
2-25
(monthly)
3-13
3-31
2-10
3-15
.
2-10
3-
10c
Corp. of St. Louis
3-23
_
—
1
3-15
50c
Edison, 5% preferred
preferred (monthly)
6%
resident tax,
Treasury
Redemption fund—F. R. notes
Other cash
3-31
(interim)
We give below
1.
Co.
2-19
4-21
participating preferred
world.
34-
7-15
—
3-
40c
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
3
—5c
—■
3-15
2-24
Foreign Exchange Rates
2-19
3
3-15
Tilo Roofing Co., common (quar.)—
$1.40 conv. preferred (quar.)
Timken
3-
3-
25o
Oil—
-
——
4-1
4-15
—
Water
Extra.
50c
$1.25
(quar,)-
1
1
Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
2-11
2-14
1
30c
pfd.
conv.
3-1
3-15
9,
3-1
3-
30c
(quar.)
.Common
Tide
3-
50c
—
(quar.)
2-15
4-21
3-15
3-31
10c
Gulf Sulphur
3-15
44-
>
(—) Since
Gold certificates
due from U. S,
-3-1
$1
2-10*
$1.75
2
1
■■
3-15
2-29
$1.75,
i.
Thompson Products, $5
--
1
■5)
7%
•
25c
Terre Haute Water Works,
•
1
4-
2-10
3-17
4-
1
50c
,
Stationery, 5% pfd. (quar.)
Common
10c
Corporation
J; .6(4 preferred
1
3-
3-15
$4.50
—_
;
3-15
5-
683Ac
Tex-O-Kan Flour Mills, 7% pfd.
Texas
11-15
3-31
10c
(quar.)
—
Texas Water Co.,
12-1
20c
4-
$1.50
>$6%c
Increase ( + )
2-18
37'Ac
,
Virginia Pulp & Paper (irregular)
Western Auto Supply
(quar.)
8-15
15%;
Assets—
2-18
3- 1
$1
West
5-15
1
$1.25
i
Tennessee
1
9-
50c
5'ft-
6-
50c
.
Common
3-4
V-
$1.12»A
$1.75
(In thousands
'
Snowdrift, $4 conv. pfd. (quar.)
West Canadian Hydro Electric Corp., Ltd.—
80c participating preferred
(quar.)
West Coast
Telephone, 6% pfd. (quar.)
40c
—
3-2
5c
25c
50c
—
3-15
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
3.980000.
3.980000
peso—
Controlled
.658300*
Noncontrolled
♦Nominal rate.
.529420s
-'''
"
3- 4
>• 4
2-17
A_:
50c
—
1
Wesson Oil &
1
Swift
International Co.; Ltd,~
Deposit receipts (quar.)
3-
>
Wellman
.
3-1
3-15
(quar.)
3-10
50c
(irregular)
Wellington Fire Insurance
Engineering
2-15
!
40c
2-17'
50c
7% preferred (quar.)_____
7% preferred (quar.)
2-21
2-29
37Vic
2nd
2-25
.
3-15
10c
;
Swan-Finch Oil,
1
$1
Participating units
Wayne Pump Co. Xquar.)
Welch Grape Juice Co.—
7%. preferred (quar.)
.2-15
3-15
25c
•
3-
,
preferred (quar.)—™
preferred (semi-annual basis)
5%
2-14,
1
————
<quar.)_
Superior Tool & Die
.
5%
tax,
2-21
3-20
$1.75
(Northam) Corp., $3 pfd. (quar.)..
Washington JRy. & Elec., 5%> pfd. (quar.)_._
2-10
1
3-1
2-18
3
$1.12'A
(quar.)_________________
Mines, Ltd. (reduced)-.
(Rudolph) Co.________________
2-21
3-10
50c
'
Co.
Oils
4'i
3-10
3-
25c
2-19
Reserve Banks Combined
3- 1
50c
—
Warren
4-
3-11V
3-11
3- 1
$1.75
1
12-23
$1 preferred (quar.)
Wamsutta Mills, (quar.).
2-16
/
A
Sunray Oil Corp., 5Vi'/p
Sunset
2-16
2-29
4-1
4-
Statement of Condition of the 12 Federal
6-21
9-21
1-2-45
(Hiram) Gooderham & Worts—7
Common (quar.) >
2-15
2-29
3-15
'
■
2-15
,
3-22
7-1
10- 2
62'Ac
(quar.)
I
1
4-1
62'Ac
•
Oil, Ltd.—
partic. preferred (quar.)——
Sullivan'Consolidated Mines (irregular)
Sun Oil
62'Ac
62'Ac
Walker
3-20
2-15*
1
2-26
(quar.)
2-28
$1.62Vi
(D. A.)
Class
preferred
2-28
$1.25
(quar.)_
4 Vz %
3-
2-19
3-15
15c
deductible
resident
3-1
$1.12'A
—
2-15
4-15
2-15
3- 8
62'Ac
'4Va% preferred., (annual)
Wacker-Wells Building
1
Extra..
3-20
$1.25
3-11
2-29
37'Ac
3-20.
(quar.)——$1.50
preferred
$2
.
—.
1
$1
preferred .(quar.)
3-^ 3,'
3-
3-1
$2 'Ac
1
4-30
xLess 30% Jamaica income tax.'
•Transfer books not closed for this
dividend.''
tPayable in U. S. funds, less 15% Canadian
non-residents'
TPayable in Canadian funds, tax
2-15
3-
3-15
(accum.)
(quar.)
1
.12 Vic
.
——————
■
Stromberg-Carlson, 6'A%
3-22
>(24-21';'
3- i
3-1
3-15
40c
;
1
Stonegar Coal $5 Coke————Ji——$1
Storkline Furniture (quar.)—12'Ac
'
25c
62'Ac
(s-a)—40c
Steel
4-
$75c
2-19
....
1
3-
'
25c
Youngstown Sheet & Tube, common
5'A% preferred A
<quar.)_
6
25c
4-
(quar.)——75c
5-25*
3- 6
Co.—
3-10
$1
6-10
3-1
7-31
3-
$1.75
Co.
4-29
8-15
$1.50
'
Yellow & Checker Cab
(Consol.)—
Class A (accum.)_____
2-25*
40c
....
$60c
.•..••'
——
5-26
2-11
$1.50
10-I6
5-15
$1.1834
B
3*
$15c
Stedman Brothers,
Extra,
3-31
75c
A
preferred
7-
.
—
preferred
6%
7-15
.Wabash Railroad Go.,, common.
3-20
30c
7%
(quar.) —._$1.25
preferred A (quar.)
40c
Knitting Co., common..
prior preferred (quar.).
prior preferred (quar,)
prior preferred (quar.)
prior preferred (quar.)_____^________
6%
'
pfd. (quar.)_
Wright-Hargreaves
Manufacturing Corp.______
15c
Vulcan Detinnlng Co., common
(irreg.)
$1'A
7% preferred-(quar,),$1%
3-4
(quar.)———
preferred (quar.)
prior
3-
10-16
$1.50
preferred <quar.)______
preferred (quar.)
3*
'
40c
4'A%
Vogt
2-16
common-——-—
Inc.,
■;
:
._
Engineering
Stores
1
•;: 3-,l'
2-25
3-15
1
11. 1
(quar.)
W.)
4-
Virginian Ry., $%. preferred (quar.)——
3-20
1
4-
31'Ac
—
Standard Stoker, (irregular)
v.u
Standard Wholesale Phosphate & Acid Wks.—
;*
Common
_________
.
—...
4-
3-10
3-15
11-
.
7-15
12'Ac
:
prior
4-15
Virginian Railway
Standard Paving & Materials. Ltd.—
(F.
conv.
30c
1
7-15
.
Worthington Pump & Machinery Corp.—
3-10
(resumed)—-.
,Vick Chemical Co. (quar.)
Viking Pump Co
Virginia Coal & Iron..
;
,
Governor
6- 9
Vanadium-Alloys
.
common_________
Machinery, $7 pfd. (accum.)
$2
Venezula Syndicate
3-31
4-15
Woodward
4'A%
433Ac
4-15
8-
$1.50
(quar.
Wood Newspaper
2-25
:
4-15
i:
.
_____—$1
—
3-16
•
2-15
,
3-10
4-15
;
preferred
1
3-10
1
8-
$1
—
Electric Power,
3-10
,
1
5_i
$1.50
■
—
$1
Van Raalte Go,, ;:commoh___ii^,.
7% preferred (quar.)
"
-
5%
Van
y
$1.60 convertible preferred (quar.40c
Standard Dredging Corp.. $1.60 pfd. (quar.)
40c
Standard Oil of California (irregular)-.
50c
Standard Oil Co. (Indiana) (quarr)„
25c
Standard Oil, Co. (Ohio), common_-__—
50c
5%
preferred (quar.)
$1.25
<
$4V4 preferred .(initial quar,)_
$1.06'A
4-
5-
$1
—_________
$1.25
Utilities Stock & Bond
Corp.
Van Dorn Iron Works...
2-15
3-15
,
:
Utica
2-21
,
$ 1.12Vie
J
;
—„;
$4.50 preferred
(quar.)_________
8tandard Cap & Seal Corp.,—
,
4
7%
3-16
'
$1.50
____^
Wiser Oil. (quar.)___^___
Extra
3-16
4- 1
2-29
3-1
Light, 6%
5-31*
4-1
2-11
1
2-21
preferred (quar.)
4%%
preferred (quar.
Wisconsin Power &
8-31*
3-
4-
6%
11-29*
1-27
Crampton Corp.—
7% conv. preferred (quar.)__^___i__18%c
f- 7% conv. preferred
(quar.)
;183/4C
Winters & Hirsch, 7%:
preferred (quar.)____
35c
Wisconsin
9-20
3-1
$25c
_____—
■—
2-4
&
$2
Products
3-10
3-
2-24
12-20
50c
Laboratories, $2.50 preferred—..
4-15
3-20
6-20
:
40c
62Vhc
r
preferred
Upressit Metal Cap, 8% preferred
Upper Canada Mines, Ltd
^
1
1
non-cumulative
preferred A (quar.)__—
S. Tobacco Co., common
;
5-
■
Extra
Woolworth
Universal
:
4-15
'
'
3-18
3-1
3-10
(quar.)___.
—
2-15
1
3-10
—_______
Extra
Winters
1
$1
—
Universal
.
2-29 '
5-1
__
6-15
50c
7% non-cumulated preferred (quar.)..
Paper Factories—
6% prior preferred (quar.)..
Universal Insurance Co.—
2-19
3-11
$5 preferred Series A (quar.)
j__.
$1.25
$4.25 preferred B (quar.'$1.06'A*
3-15
United Wall
2-21
3-
•
"
;
6
2-21
.3-10
$1.12 Vi
"
.
3-1
(quar.)
6.4%
U.
'
1st preferred ——
Sparks Withington Co., 6% conv. pfd. (quar.)
Sparton Mills ______u.___-i—
m
40c
'
S.
6.4%
2-15
4- 5
3-
1
7- 1
$5 preferred
4-12
4-15
25c
4-
40c
S:.-'
——
8% non-cumulative preferred—
•■United States Steel. Corp./ common_
U. S. Sugar Corp., $5 preferred
(quar.)——
2-15
35c
3-15
•
6-15
*
(quar.)
——
Playing Card
8%
3-15
(quar.)
(quar.)
1
4-
$1.50
—
Quarterly
Printing & Lithograph—
5% preferred (initial.)
(quar.)
U. S. Rubber Co., common
(irregular).—
3-20
4-14
4-
$1'/*
(quar.)
Extra
,
Spalding (A. G.) & Bros., 1st preferred
50c
(quar!)
3-13
•
Hosiery
3-1
20c
Quarterly
2-29*
Pipe & Foundry, common
3-18
4-
'
(accum.$3
Co., $6 preferred
Ltd. (quar.
Extra
/
3-20
S.
3-
$1.25
).
3-15
•X 2-15
40c
U.
3
1
1
4-10
3-
:W
Winstead
4-
S-
3-10
Common
$1.25
2-15
3- 1
53c
5-15
2-18
4-15
,
Wilsil,
4-1
1
50c
Pipe Line—
3-15
,
50c
Leather, 7% prior .preferred (quar.)—
Convertible partic. class A (Irreg.)
3-
y
Wilson &
4-1
:
53c
.
Williamsport Water, $6 preferred (quar.)___
Willson
Products, Inc. (quar.)___
2-15
50c
y
1
$1.75
2-10
$1
3-13
1
$1.75
U.
2-15
3-18
2-25
10c
3-
2-24
2-15
$$1.50
-
»
.
58'Ac
;
4-1
$1.75
4-1
3- 2
1
5-15
Southern Railway, 5% non-cum. pfd. (quar.)
59! non-cum. preferred (quar.)___;
5%
50c
58'Ac
3- 2
(s-a)
2-7
Wilkes-Barre Lace Mfg. Co
$2
$3.50
1
$20c
—
2-11
1
3-20
preferred
1
$3
2-26
,
.
2-21
3-
;
3- 7
2-
3-
25c
—
Co.—j—
(s-a)
3-
4-10
3-
3-15
____
Pacific
Grocers
$1.75
,
(accum.)—
2-28
7%
37Vic
(quar.)—
Villa
1
$1
(Wm,), 7% preferred (quar.)
Wilcox (H, F.) Oil & Gas
(resumed)
$2.50
2-14
!
White
1
3-
$1.50
..
Whitman
62'/ac
50c
,__
>
2-18
2-26
(quar.)
$1.75
___
2-10
3- 7
3-
50c
$3.50
'
——
35c
(quar.)
Whitaker Paper Co., common
(quar.)_______
7% preferred (quar.)__
;
1'••"'
3-10
>
Machinery (extra)
U. S. Envelope Co., common
(s-a)
U. S.
common
Southern .Natural Gas
Southern
Bros.
35c
50c
(quar.)—$1'A
RR. & Canal
$1.50
___
—
Southern California Edison Co.—
>
6% preferred Class B (quar.)—
1st
_.
1
of Rec.
3-10
(quar.)
Wheeling Electric, 6% pld.
»
Holdert
Payable
50c
Chlorine Products
Weyerhaeuser Timber
2-16
When
•hare
;
Electric Instrument
Westvaco
2-19
1
3-
.?!
common—v
Shoe
3-15
37Vic
12 Vic
preferred
N. J.
1
4-
2-17
1
3-
75c
^
—
United
2-15
4
'v:,\2 k}
—
6%
(quar.)—
,
Foundry,
(quar.)
Corp., $7 preferred
United
2-29
$1.50
—
Southern Advance Bag & Paper— ;
.'.-.$2.-preferred (quar.)
6% preferred (quar.i
__
<
7% preferred, (quar.)
3-
62Vic
•.
$6 1st pfd. (quar.)
Southeastern Greyhound Lines, com. (quar.)
) Extra
________!
Steel
pfd.
preferred
5%
2-19
5c
Carolina Power Co.,
Sterchi
partic.
prior preferred (monthly)
United Merchants it Mfrs.—
5% preferred (quar.)
2-19
1
3-1
—>
—
Pulp & Paper Co., com.
Extra
$3
6%
2-25
,
"
•
Per
Name of Company
Weston
i
2-18*
3-15
1
3-
' $1.25
——
25c
—
-
common
South Bend Lathe Works
.*
Chemicals,
Gas
3-
70c
•
.
Illuminating
United Light & Railways Co.
(Del.)-I
"""
?
7% prior preferred < (monthly)
7% prior preferred
(monthly)._
.-.'.v^,6.36% prior preferred
(monthly)..;
6.36% prior preferred (monthly) _-j_.
6% prior preferred (monthly)
2-19
.3-11
25c
7%:
2-18
,
3-15
27!/aC
Araer., 5% pfd. (quar.)
United Elastic Corp.
United Engineering &
4-
(quar.):__-——j.-———$1.75
Sonotone Corp.
5%
United
3-
-\
(quar.)
preferred (initial)—
Holderi
„.„.^5c,.,.... -3-. 1-.;, ~_2*16
4-10-
4-
2-28
877
of Rec.
3-15
25c
Common
,,,
$20c
<
<
,
(extra)
Sontag Chain Stores,
6%
;
When
Payable
(quar.)—
common
preferred
United Airlines, 4'/a %
5-
-—
>£%'preferred class:A '(accum.)_
Socony-Vacuum Oil Co. (s-a)--—
Southern
•
convertible
United Biscuit Co. of
2-19
3-
Products,
——
Sloane-Blabbn
South
2-19
$1.25
$20c
.—.—.—_
Soundview
3-1
1
Per
»har$
Name of Company
Aircraft
5 V2 %
>.
$$1.75
—
Co\, 1 5% preferred (quar.)
Dairies, Ltd,, com. (accum.)
:V;: 40c participating preference (s-a_
Simmons-Boardman Publishing, com. (irreg.)
S3 convertible preferred (quar,)__>
Simonds Saw & Steel
feiscoe Gold, Mines (quar.)
•>"79!?
3-
United
J 15c
Silverwood
Solar
3-21
$1.50
Sherwin-Williams
Skilsaw,'Inc.
2-25
10c
common—'
-i-
3-15
;
.;
.
2-25
23c
+'■'■'■
Shepard-Niles Crane & Hoist Corp.:,,,_*_
Shenango Valley Water, 6% pfd. (quar.)__i_
•'■'•'V,'
of Rec.
■"
3-15
$1
Co." (quar,)________~-_^.___
of
Payable
10c
»v
Sherwin-Williams Co.
When' Holdert
.
ghare
•
________
(quar.)___
Shattuck
■
.658300*
.529420*
.658300*
.529420*
.658300*
•.658300*
.529420*
.529540*
Banks
Condition Statement of Member
v
Loans to brokers
$53,000,000.
creased
same
York City,
investments
Net
'
and dealers for
bills declined $126,000,000 in
$18,000,000 in the Philadelphia district,
—V.
industrial, and agricultural-.
Commercial,
loans
,
.
;
Other securities
.
1,153
Real, estate loans-.;-..!
Loans to bank$_____—--■■
f
Treasury bills' iJ
■/
.
-
—
9,036
Treasury- notesl- - 5,688
JCr,- 6.
______ 18,530
Obligations guaranteed by U. S. Government
1,760
securities
Other
vault.,
In
Cash
;
:
Balances with domestic
'
Banks
with Federal Reserve
Reserve
.'1
banks
__
__
_
+
and. tL
+
91
+
5,306
+
-3
+
15
—1,175
+
.29
-+
,310
36
889
—193
+
1
+
913
+ 638
+
'9,163
—
5
485
—
14
+
1
" ; 79
•+
:.
40
accounts/
13,184
,
.
(New York District),
figures revised
General
Corporation and
•
taxes, etc., 819.409;
•
shares, including 2,600 shares in treas¬
$3 participating preference, stock, and 60.000 shares no par com¬
stock), $675,000: surplus, $295,926; total, $1,544,854.—V.
157,
S428.300; capital stock (60.000
167.
P.
,
groups.
petitioning companies are The
Electric Corp., Niagara,
Niagara
Distribution—
Muskegon Piston Ring Co.—20-Cent
dividend
3943
in
as
Sept. 30, 25 cents; and Dec. 17, 20
Payments
30,
20
cents;
cents.—V. 158, p. 1072.
via Savannah,
with
(Fla.)
Miami
is a
Philadelphia.-:
authorized to operate between Tampa and
Charleston, Wilmington, Norfolk and
Air Lines, Inc.,
Eastern
West
was
Palm
Beach
This
intermediate point.
159, p. 218.
ail
as
used by National Airlines, Inc.—V.
route also
Offering—A special of¬
by Smith, Barney & Co., and Dixon & Co. The offering
was oversubscribed in the elapsed time of 15 minutes.
were
made
by
on
48
received for 18,031. shares
basis of 80.4%.
a
firms;
smallest.—V.
National
There
1.410 was the
158, p. 2583.
and allotments were
were
132 purchases
Called—
The corporation has called for redemption as of April 1,
_
of
$36,000
April
L
1952.
Manufacturers
V.
158,
p.
at
of
its, outstanding
104
Trust
and
Co.,
interest.
trustee,
45
;,
Securities &
Henry J. Simonson.- Jr.,
Research
President,
1944. a
5Vg%
debentures due
will be made at the
Beaver St
New York
N
Y
15-year
Payment
2364.
National
the
15
allotment,
largest
Container Corp.—Debentures
total
had to be ap¬
the latter body
of the PSC's adverse ruling.
Hickey and John J. Burns have been elected directors.
President and a director, of The United Corp.,. and
member of the law firm of Burns, Currie, Walker- &
director of The United Corp.—V. 159, p. 451
M.
is
Hickey
is
Bums
a
a
Niles-Bement-Pond Co.—New Director—
R.
John
Cook, President of
elected
See
a
on
'
"
Corp.—New Director
Feb.
19
announced
the
elec¬
Reinsurance
Northern States
Electric
the Arrow Hart & Hegeman
director.—V. J59, p, 12.
General Reinsurance
output of
,
Co., has
,
Corp.—Report—•*
Corp. above.—V.
Power Co.
this company for
157, p. 996.
(Del.)—Weekly Output—
1944,
39,067,000 kwh. for the
8.4%.—V. 159, p. 740.
the week ended Feb. 19,
kwh., as compared with
week last year, an increase of
42,357,000
totaled
fering of 14,500 shares of common stock (par $10) was
made Feb. 17 at 21%, with a commission of 37V2 cents,
Bids
plan, to become effective
SEC, but hearings before
New Directors—
William
corresponding
National Biscuit Co.—Special
^
income
$7,909,146 '$6,292,652 - $6;666,502
$7,858,905
/
;
l',353;3'78
4,015,000
■
Fed.
taxes
inc.
State
&
Fed. " excess
profits
J■>
'
tax
'
"•
-
income
______
deductions
Income
1,653,944.
4,475,000
4,591,250
5,430,809
5,288,826' > 5,422,2914,181,300," '( 3,847,850 >
—_
3,698,900
4,180,9951
3,411,270
700,000'
■
1
oper.
Other
1,568,556-
4,190,000
______
"
"
income__i $12,319,620
income _______
'98,196
Net
'M,607,475 *
5,029,210
2,939,620
inc.)
(other than
Taxes
"■
■■■■
. «.
.
$12,126,719 $10,596,691 $10,907,044*
122,5701
96,119
119,220
$12,417,816 $12,249,289 $10,692,810
4,482,192- 4,316,335/
4;322,770
$11,026,2644)288,250
(Minn.)—Bonds Offered—
underwriting group that
offered Feb. 24 an issue of $5,000,000 first mortgage
bonds, series due Feb. 1, 1974, 2%%, at 101 and ac¬
crued interest.
Other members of the offering group
are: A. C. Allyn and Co., Inc.; A. G. Becker & Co., Inc.;
Blair & Co., Inc.; Glore, Forgan & Co.; Hallgarten & Co.;
Hayden, Stone & Co.; Hemphill, Noyes & Co.; Hornblower & Weeks; Ladenburg, T.halmann & Co.; Merrill
Northern States
Power Co.
Brothers headed
an
Lynch, Pierce, Fenner & Beane; Reynolds & Co.; L. F.
Rothschild & Co.; Schoellkopf, Hutton & Pomeroy, Inc.;
Swiss American Corp. and Wertheim & Co.
Lehman Bros, and associates won the award on their bid of 100.0699.
Other bids received at the sale included:
First Boston Corp., 102.049
for 2%s; Otis & Co.,
101.747 for 2%s; Halsey, Stuart & Co., Inc.,
10173 for 27/as; Harriman, Ripley & Co.,. 101.52 for 2%s, and White,
Weld
The
Co.-Shields & Co., 103.6291 for 3s.
bonds are dated Feb. 1, 1944 and are
&
due Feb. 1, 1974.
$6,370;040' $6,738,014
1941* Include- operations' afc
Minneapolis General Electric Co. and St. Croix Falls Minnesota Im¬
provement Co, for year ended Dec. 31, 1940, and for the period from
Jan. 1, 1941, to Aug. 29, 1941 (date of merger of such companies into
stated for the- years 1940' and
*Amounts
'
company*, respectively.
the
Minnesota
.
Business—Company was organized s June 16, 1909; in
"Washington County-Light and. Power Co."
In Decem¬
and
History
as
name changed to "Consumers Power. Co." and in. February,
"Northern States Power Co." - In August, 1941; Minneapolis
General Electric Co., St. Croix Falls Minnesota. Improvement Co. and
Minnesota- Brush Electric Co. were- merged.
1909,
ber,
to
1916,
is an operating public utility, company, and is now en-»
expects to continue to be engaged, in the public utility
a registered public utility holding company under
Util. Holding Co. Act of 1935. Principal, subsidiary"of the com¬
Company
and
gaged,
It also Is
business.
the Pub.
;
Northern States Power Co. (Wis.)." Company acquired all of}
the common stock representing 96.99% of the outstanding, voting sipek
of the Wisconsin Company in 1938 from the company's parent, North¬
ern States Power Co.
(Del.>.
Company's other direct subsidiaries,-, all
of which are wholly owned, are as follows:
Interstate Light & Power •
Co.
(Del.), Interstate Light & Power Co. (Wis.), St. CroLx Falls Wis¬
consin Improvement Co., St. Croix Power Co., St. Anthony Falls Water
Power Co., Minneapolis Mill Co., Mississippi and Rum River Boom Co.;
United Power & Land Co., Chippewa River Power & Fibre Co., and,
is
pany
Chippewa Valley Construction Co.
Company and its public utility subsidiary companies are engaged
chiefly in the production, transmission and distribution of electric en¬
retail electric
furnish
They
ergy.
and
South
service in 447 communities
adjacent rural territories in Minnesota, Wisconsin, North Dakota,
and Illinois and electric energy at wholesale for. resale
in, 135
additional communities in such States, having an aggregate popula¬
tion- of approximately 1,480,000.
-The major part of the territory is
served by an interconnected system
extending through west central
Wisconsin
and central and southern Minnesota into and. including
part of southeastern South Dakota.
The remaining territory is served
by four separate production, transmission and distribution systems
Dakota
in and
located
and Minot, North Dakota*-
around- Fargo, Grand Forks
respectively, which 4 furnish • electric service at >
and their adjacent rural territories and elec¬
tric energy at wholesale for resale in 11 additional, communities. Approximately 87% of the consolidated' gross operating, revenues of
the company and its subsidiary companies for the
12 months ended
Sept. 30, 1943, was derived from the sale of electricity,: 10% from the
sale of gas, and 3 % from* heating, water and telephone services and
miscellaneous revenues.
V - /- »*
' .
^ ,. . rj
At Sept. 30, 1943, the company and its subsidiary, companies served
559,352 customers of which 432,769
were electric, 120,519 gas, 884
Illinois,
Galena,
and
retail in 39 communities
customers'and 4,526 telephone subscribers.
+
of Northern'States-Pwr. Co,(Del.j
On June 3, 1942, the Delaware company filed, with the SEC, an ap¬
plication under the Public Utility Holding Company Act of 1935 pro¬
posing a plan for its liquidation and dissolution pursuant to' Section
11. (e > of said Act for the purpose of 'enabling it to comply with the
provisions of Section 11 (b) of said Act.
On the same day, the Minne¬
sota company filed a declaration and application, subsequently amend¬
ed, with the Commission in- respect-to -proposed transactions, necessary
and incidental to the carrying out of the plan of the Delaware com¬
654 water
and
heating
Liquidation and Dissolution
for
.
\ .'■
- ,* ".
'■ .•• I,;
the Commission issued its notice of filing and,
on the proposed plan and the application of the Minnesota company in respect to the proposed transactions necessary"
and incidental to carry out the plan, and also a notice of and. ordet
instituting proceedings and for hearings under Sections 11 (b) - (2),
15
(f) and 20 (a) of the Act, including whether it was necessary of"
appropriate that the Minnesota company or any of its subsidiaries re¬
state and adjust certain pf their accounts, and an order consolidating t
such hearings.
Pursuant to the aforesaid notice, hearings were
pany.
,
On
order
before
,
5,
June
1942,
hearing
for
Commission
the
upon
said
plan
and the
held
matters embraced
1942,
closed.
rendered
the earliest of which occurred on July 8,
and the last on Aug. 5, 1943, at which time the hearings were
No decision on the plan or on the other matters has yet been
within
Lehman
>7,935,624 '$7,932,954
income
Net
Plan
North Star
corporation has been authorized by the Civil Aeronautics Board
its Miami-Tampa-Jacksonville route from Jacksonville to New
to extend
York
consolidate these companies was filed in
step in the Niagara Hudson's contemplated
postponed indefinitely because
have, beeq
been
National Airlines, Inc.—-Route Extension—
The
to
a necessary
as
plan of reorganization.
This
proved in its entirety by the
Rich and
2.
to holders of record March
follows:
March 25, 25 cents; June
23
March
were
Niagara Falls Power Co., Buf¬
Lockport and Ontario Power
cents per share has been declared on the common
of 20
payable
petition
original
1943,
July,
Mr.
A
'
The Lockport
Mr.
stock,
Hudson System
and Newfane Power and Water Supply Co., Buffalo,
Niagara and Eastern Power Corp., Central New York Power Corp.,
New York Power & Light Corp.. and Niagara Hudson Power Corp.
Liabilities—Accounts payable, $18,535: accrued taxes (Including Fed¬
income
tax
of
$120,322),
$127,094;
unexpired subscriptions,
mon
___
Earnings^ of /Company and ' ^ab^idiarlcs) Cohsoiid'aled-" '"J; ' 1
Operating revs.
$39,955,225 $42;578,873 $44,000,196 $40,048,30^
Operation
14,098,397 ■ 14,484.553
14.678,538/ 15,585,361
'
Gross
Recommendations of the Commission's witnesses concerning, deprethe petition asserts, and to/require the
by $64,930,000 "to meet-not prescribed by your
Commission
prior to 1938" would deprive the owners of equities
"through the imposition of new accounting standards and a new regu¬
latory philosophy not supported by fact or law."
The petition denies that there are write ups in the accounts of
any of the system's operating companies and asserts that the statutes
under which the consolidation is sought do not require the Commis¬
sion to pass upon property values as an element in granting or deny¬
ing consolidation.,
*
*
"
,r
?
>* ,v
Emphasis is placed on the benefits accruing both to customers and
.security holders from the proposed merger.
The petition attributes
"the
substantial reduction of rates and increase in annual sales"
which have occurred in recent years to unification within the system
and the resulting simplification of the system companies' rate struc¬
tures.
'
'
•
<■
The petition also asserts that the Commission erred in denying the
consolidation despite approval of the consolidation by numerous stock¬
Co.,
eral
ury,
and Dec. 14;
operating companies to increase their reserves
a
new
standard of depreciating accounting
The
.
of 50 cents;, and Sept. 24
ciatipn reserves are arbitrary,
The
(Continued from page 844)
total, $1,544,854.
Omnibus Corp.—75-Cent Dividend—
declared on the capital
cents per share has been
75
j
falo
89,724; prepaid and deferred insurance,
$702,243
$514,74T
Corp.—Files Petition For Re¬
Consolidation Plan—
.
Niagara
holder
Investment News
to salesmen;
>
confiscatory.
417
—5
13
-
140
—
'
—206
accounts except
Gov't
during week
9
23
+
■.
to profit and-loss_u
,
3,962
1,616
810
57
:
.
"Feb.
29
+
9,896'
Foreign banks
tBortowlngs
Debits to demand deposit
interbank
42
—
+ 218
31,509
6,310
13,129
deposits-adjusted,
Time'deposits
_
___
D. 6. Government deposits..
_
Interbank deposits:
Domestic banks
:
;
.
98
-
178
~:i
$8,302,645-. $8,575,051
- .1,605,696.
/ 1,504,363«
.
$11,613,343 $11,406,485+ $9,807,008 $10,180,747.
3,754,438 v 3,497,339 : j 3,514,356^\ 3,514,245".
______
deductions
Net
:
,
income
GrOss
Income
companies whose petition for approval
to consolidate was denied by the New York Public Service Commission
on
Jan. 24, on Feb. 21 filed a petition at Albany for a rehearing,
based on the contention that the Commission's decision erred in mat¬
ters of fact and law.
The original petition was amended to the ex¬
tent that a reduction of $14,497,768 in the capital stock of The Niagara
Falls Power Co. is provided for.
This reduction, recently approved by
the PSC, was made necessary by a write down of this amount pre¬
viously ordered by the Federal Power Commission.
The petition points out that assets accounts questioned by the Com¬
mission had been "almost without; exception" specifically approved by
the Commission as assets for security purposes, but that to remove
any question as to their propriety, the consolidating companies have
offered to' create out of surplus a special reserve of $35,000,000 against
which .write offs can be charged. ' Denial of the proposed consolidation
on the ground that the consolidated company may issue securities only
against assets staged at original cost less depreciation is described as
87
+
;
"+:/'•
Liabilities—* r
Demand
9
$8,118,728
1,836,100
332,075
.
$9,982,877 . .$9,642;733
1,630,466 : 1,763,752
income____
Income
Maintenance
of
dividend
hearing on
911
.
1943-
—874,454' • 1,094,731
523,074
710,576
8,333
' ■ 8,333
12 Mos. encL
Sept. 30, <43
___
Niagara Hudson Power
'365"
—
14
-
2,8431
8,333
529
2,321
——
+
3
-
-
certificates of indebtedness
Treasury
54J
revenues
oper.
Other
applicable to the quarterly period ending March 31. 1944, pay¬
able .March 24 to holders of record March 16.
Payments last year
were as follows:
March 26, a quarterly of 50 cents; June 25, a quar¬
m
+
1,230%
' 4,125
—-—a
Other loans
+
903
355
1*092
92
.
Net
appropriations of inc.
'
__________
451.
p.
New York City
A
'
Other loans for purchasing or carrying:
U. S. Government obligations.:
—
Other .securities
;
_
159,
"
1,138
+
1944
—^——
1942
1941
1940
'
'
$33,797,350 $35,853,113 $37,227,418 $38,797,07a
Operation
13,117,765 13,444,680 •13,734,417 14,284", 187
Maintenance
1,221,209.- ; 1,240,621, ' 1,208;519
1,294,761
Depreciation
3.219,000
3,345,500
3,601,233
3.700,350
Taxes (other than inc.)
3,931,599 ■; 4,166,379
4,288,254
4,344,123:
Fed. «& State inc. taxes
2,324,900
3,320,200 ' 2,739,850
2,494,150
Fed. excess profits" tax
i.f. . -693,000
3,352,500
4,10^450
V--/ i———
1
; f
stock,
+19*
.
601
—
__
'■
Operating
Depreciation
2,191
' + -v.'
^Earnings of Company Only
--nr—-Years Ended Dec. ai
'/ ' \
..
,
,
„
Earnings'for.-Stated Periods
______
tBalance transferable
—V.
The
53
+
6,446
__
:
Income-
Net
Sinking funds and other
.
5 Loans to brokers and dealers for purchasing-or carrying.:
vi,.:
U. S. Government obligations
___
:
income-
Net- operating
+12,489
+
stock, $5 series."
Summaries of
RR.—Earnings—
Chicago & St. Louis
" $8,074,261
and excess profits taxes—1,284,500
taxes_i_-___—364,685
income
railway
81nc»
+ 346
■
.
$1,040,509
^'
terly of 50 cents and an extra
$1 each.—V. 158, p. 2193.
+ 598
53,854
11,872
Investments—totak.i
and
Loans
Loans—total
"i
"cumulative preferred
Electric Association—Output—
Association reports electric output
This is an Increase of 590,847 kwh., or 4.83%
12,236,562 kwh; for the corresponding, week a
kwh.
earnings
Federal
Other
2-17-43
2-9-44-
$1,539,609
> 499,100
week ended Feb. 18, this
production; of
Gross,
millions of dollars)
Decrease (—)
$1,127,762
_
Month of January—
t
,.
,2-16-44
,
—
liabilities of
and of debits to demand
.
499,100
'
sefles-l'L—■ . 275,000
_'_u-'1%.4;000,000 • 4,000,000
"*Amo unt
authorized. underlndoriture - ■Is." unlimited,/ In ~£ expressed,
amount,
tlssuable in series and of which 275,000 shares are designated
A
New York,
of the principal assets and
.,":•,< \ >
L.
>
Shares
Shares::
t3,175,000
(no
preferred stock;" $5"
stock (no• par)
Common
week is reported at 159,231,000 cu. ft., a
decrease of 12,919,000 cu. ft., or 7.50% below production of 172,150,000
cu. ft. in the corresponding week a year ago.—V, 159, p. 739.
Increase ( + ) or
%'
stock
Cumulative
1,038,964
$1,626,862
ago.
.
,
Gas output for the Feb. 18
'
Assets—
-
'
'
$2,578,573
$2,706,583
' 89,670V .' 1,079,721
$293,928
90,726.
year
trict:
(In
!
12,827,409
of
above
Cleveland district, $22,000,000 each in the
Boston and Philadelphia districts, and $193,000,000 at all
reporting member banks.
United States Government
deposits increased in nearly all districts, the principal
increases being $244,000,000 in New York City, $114,000,000 in the Chicago district, $65,000,000 in the San
Francisco district, and $63,000,000 in the Cleveland dis-
■
,
mtge.
New England Gas &
1 .
r<
deposits-adjusted declined $77,000,000
in
City, $43,000,000 in the Chicago district, $27,-
Reporting member banks,
deposit accounts, follows: •
18
ref.
&
159, p. 11.
For the
'
summary
$210,062
_
Balance
000,000 in the
A
9,437
$2,577,247
1,326
■
000,000. Holdings'of Treasury notes and United States
Government bonds increased $23,000,000 and $91,000,000,
New York
10,021
$2,704,699
1,884
income
$119,338
$205,258
applicable to pfd, stocks for period
__
Net
Diva;
$98,000,000 at all reporting member banks, and in¬
creased $23,000,000 in the Chicago district and $17,000,000
in the Cleveland district., Holdings of Treasury certif¬
icates of indebtedness increased in all districts, and the
total increase at all reporting member banks was $218,-
'^Demand
■
,
income
Gross
and
.respectively.
790
$293,910
Interest charges
-
City,
New York
750
1st
Preferred
of Treasury
Holdings
income
/
'
1
1
* 1
Authorized Outstanding1
bonds, 3%> %' series'"due -1967"."-:
*v- $75,000,000
1st mtge bonds, series due Feb. T, 1974-—
* ' ' , 5,000,000 '
Serial notes. due 1944-1949___i_v_'
^--•_-,_' *"'■
-$4,000,000 :,4,000,000'v
,
$209,867
195
-
/>
Capitalization Giving Effect to Present Financing
'
,
f
-
revenues—
open
Other
loans in¬
Government obli¬
other loans for the
both largely in New
increased $194,000,000 and
purpose increased $72,000,000^
gations
gold bonds, 5% due March 1, 1944, of St: Paul Gas Light Co.'
by the company)
by depositing,: in trust,' such proceeds
with New York Trust Co., " trustee under the general mortgage dated
March
1, 1894 securing such bonds.
To the extent that the net
proceeds are insufficient for the above purpose, general funds of tha
company will be used.
^
(assumed
——
limited-term
of
of
payment
the
Issuance of
their- sale,
(exclusive or accrued int.-on the bonds) to¬
the principal of the $4,999,000 general (mort¬
gage
_
carrying United States
purchasing or
,"_
$4,925,370
at
estimated
wards
Amort,
the
from
the
^ 1943—Month—1942
1943—12 Mos.—1942
Operating revenues
;
$.954,290
$860,668 $10,419,969 $9,724,417
Oper. expenses, exclud■■ ■"
•■"■'■;.:■:■• ■">' +'7
:':777ilV--: /.-:,v7v
ing direct taxes
V 489,043
401,958
5,038,426
4,314,162
Federal taxes:
116,016
48,710
988,494
1,229,163
Other taxes '1+
;
77,714
54,400 7. 948,329
864,408
Prop; ret. res. approp.
60,900
60,900
730,000
730,000
$206,000,000 in reserve bal¬
ances with Federal Reserve Banks and $193,000,000
in
demand deposits-adjusted, and an increase of $638,000,000 in United States Government deposits.
Commercial, industrial, and agricultural
an
Period End. Dec. 31—
decreases of
indebtedness,
Purpose—Company
intends, simultaneously with
bonds now offered to apply the"'net proceeds
Mr. Gartley is President
investment-counsel service.—V. 159, p. 640.
Gartley as a director.
M.
M. Gartley,, Inc.,
H.
J Nebraska Power Co.—Earnings—
of weekly reporting member
banks of the Federal Reserve System .in 101 leading
cities shows the following principal changes for the week
ended Feb: 16: Increases of $346,000,000 in total loans
and $218,000,000 in holdings of Treasury certificates of
condition statement
The
Harold
of
tion
of
Mbnday, February 28, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
878
said
notice,
V-;.' . ' ■
./
Notes 2%%.; are not presently issued and
are not now outstanding.However, the company is at the present time
negotiating a loan of $4,000,000 from The Chase National Bank
New York, Continental Illinois National Bank and Trust Co. of Chi-,
cago, Harris Trust and Savings Bank, Northwestern National Bank of
Minneapolis, First National Bank of Minneapolis, The First National
Bank of St.
Paul, Manufacturers Trust Co. and Chemical Bank &
Trust Co., to be evidenced by a like principal amount of the serial
by
the Commission.
Serial
Notes—The Serial
of
notes
which may be
issued-either prior-to.
or-simultaneously with the
offered.
$400,000 principal amount of serial notes will
months after the date of their issuance and a like
amount at the expiration of each six-month period thereafter.
When .
issued they will be dated as of the date of their issue.
Company may
prepay from time to time its serial-notes-in-whole or
if in part, in inverse order of their serial maturities and for a prin¬
cipal amount at. any one time not less than the aggregate
amount of all serial notesl of the same maturity-or maturities to be
bonds
now
principal
mature six
in part (but,
principal
prepaid),
without
premium,
unless such prepayment is
made from
Volume. 159
other
Number 4259
*
THE COMMERCIAL & FINANCIAL
CHRONICLE
^borrowings;
in? which >.events*such
prepayment shall be made
with a premium that will result in a yield basis from the date of such
prepayment to the stated date, of. .maturity of the serial notes being
•prepaid
•exceed
;
i
of
1%%,
27o
of
however,
provided,
the principal amount
Underwriters—-The'
principal amount of bonds
A,fQllOWS:t:
Lehman
Brothers
•A.
C.
Allyn
•A.
G.
Becker &
&
Inc.,
■
__!• 312,000
Glore, Forgan & Co.____:;v 312,000
.Hallgarten & Co._
.312,000
1
Hornblower
"V.
159,
&
Weeks—
p. .740,
&
Beane——
L.
F.
Schoellkopf,
Hutton
Inc.
Pomeroy,
Swiss
...
&
directors- have' .declared"
account
no
of
ments
payable
March
•
of
50
15
holders
to
of
312,000
record
expenses—,.—
legal exps.-T_\
Period End. Jan. 31—'
Prov,
$2,694,922
expenses
for
March
4.
Pay¬
928,171
Federal
excess
Gross
Int.
&
Net
on
\
800,117
1,532,500
3,366,400
stock_:__
SNefr 8ales
Cost
$600,112
$6,699,268
286,173
3,471,810
3,498,232
$1,717,104 "$2,727,508
1,634,325
$0.29
1,700,000
..
$3,227,458
Balance Sheet, Dec.
,155,577
1,811,289
K
$141,991
1943
$158,362
$1,416,169
This
and
repairs---^.
depreciation and depletion
than income taxes-
504,961
G3
countries
is
between
profit
$1,226,994
income
and
credits
(net)-.—
funded
on
has
and
colonies.
designed
countries.
developed
to
"world
a
air
Called
"Clipper
restrictions on
overcome
Federal
Total
Dividends
Earned
principal changes y in the corporation's
during the year 1943'were a3 follows:
Sale of Its entire. Investment
.
&
in
Ohio
Tube
-and
for
Co.;
1,100 shaTes
1,0.00
shares of
Sale
of
of
Oil
of
the
Youngstown Sheet
Atlantic
Go.
of
Coast
Baltimore
Line
(the
Cash
U.
&
RR.,
in
$.
Cash on
Fixed
Northeast
held
was
be
to
without
value
the
in
plan
of
the Interstate Commerce Commission
the district Court,' and was
subsequently stricken
securities traded on the New.^York Stock Exchange.
Total assets at Value Dec. 31,
"i Total liabilities,Dec., 31,-. 1943
1943-..--
and
Accounts
Accrued
interest
of
approved
of
Reserve
i
$7
265,825
of $1,381,733,
including commission.
continue
the
is
It
purchase
the
of
shares
.such
times, ;at such prices and. in such .amounts
advantageous to the corporation;
c.
At the end of 1943
there
were
in
the
they
as
for
had
borrowed
dated
Feb.
from
20,
$844,844
which
1942,
extended
was
Bank
Oct.
to
profs,
may
188,871
170,572
—
1,
A" dividend
.
payable
of
by
rents
400,000
951,936
2,501,230
<
the
15
cumulative preferred
$7
50
15,
March
of
record
to
$90.75
interest,
stock,
Feb.
"E"
15,
75
47e>
*\
bonds
due
Jan.
1967,
1,
-'••1'
-
■
Stockier
•
Case—On
realizing
-
profit
net
a
11,
1943,
158,
series A,
,
the appeals
this
filed
not
with
both
on
the
sides
soon
have
Court, and
Circuit
Court.
reasonably be expected
case
.
Counsel
request of the
been
Feb.
on
Counsel
Month of
Gross
Federal
its
Net
income
American
under circumstances which should
Pennroad
1929.
is
charged
The
'
civil
proposed
for
Coal
Corp.,
et
al,
and
related
the
trial in
a
the
which directly
joined
the
will
be of
Counsel
and
by
conspiracy in
^>•''
■
briefly
as
a
preferred
follows:
of
the Coal corporation
stockholders'
committee
appointed by-the U. S. Court at Pittsburgh
report of his findings and conclusions.
•
civil
ery
against it
the
matter.is
Pennroad
Pennroad.
are
remote.
being
to
to
still
As
carefully
of
the plaintiff's
followed
and.
claim
is
evidence
very
to
recov¬
substantial,
disprove the
he
progress,"
qualified
a
profit
>7
'
of
last
be
further
K
-
«
this
«
•
426,870
.
208,398
•
520,636
211,336
365,309
Regulation "V" Loan
corporation
said,
sive
profits for
refund
no
The
•
continue
renegotiation
"the company
of
the
the
of
fiscal
profits
was
of
year
Feb.
in
19.
that
an
make
enclosure
contracts
new
ot
reorganization,
of
now
it wise to issue
in
even
March
31,
1942,
therefore,
and,
6.
Jan.
"V"
loan
ing
Mulliken
capital
has
obtained
phuit
and
>.
•••
.-
equipment
are
now-
;;
■
.
$3,000,000
a
two-year
Regulation
extending to December,; 1945,
stated.—V.
to
meet
159,
p.
all
war
Similar,
16.
Income debentures
in
642.
on
the
March
52Vz
&
which assures sufficient work¬
production
requirements, Mr. Seifert
:-•
/
directors
class
3.
on
;■••
■;
158.
,
distributions
:
A
stock,
Last
cents per
par
year
share
21
the
on
declared
$5,
dividend
payable March
company
Dec.
a
15.—V.
paid
35
of
10
20
to
cents
cents
holders
on
per
'share
of
record
on
this issue on April 26
payment was made in January*
,
,
.
p.
2365.
'
30
and
.
.
upon market quotations, the following summary shows the
aggregate of assets available for each class of security of the
company
as at the dates shown:
'
'
outstanding
'
,,
,
,
<'
,
$100
share
•
Jan. 31, '44 Oct. 31, '43 Jan. 31,.'43
$240.54
$238.54
$218.32
share of
Of
coll. trust 3>/4%
of
6%
bonds
pfd. stock, ser. A/;- :
265.97
262.19
223.93
common stock
'•
21.50
; • 21.01
Ineqme Account, Three Months Ended Jan., 31
Interest
bonds and .notes;.
on
Dividends
___•
_
received
16.06
.
:;
1943
$63,647,.
Total.'
"
Total expenses
91,431
$145,189 v
$139,605
-16,422
..
on
funded debt
18,439
33,947 1
;Net income
33,94"f
$94,820
.
"
-
$87,218
Preferred dividends (S1.50 per
share31,704
Common dividends ($0.15 per
share24.471
;
.
.
Comparative Balance
,
Other
31,704
24,471
Sheet, Jan. 31
%■'
1944
Investments—U. S.
bonds
Government
and
obligations.—
notes
$726,469
3,666,503*
4,162,388
Stocks
Cash
1943
$250,000
.
3,453,722
.4,598,344
•;
339,720
Accrued interest receivable
bond
.
discount
and
Total
expense___"____
—
G2.915-
V;:
...$45,174
81,541
547.751
—
.
54,903
68,499
74,287
$9,026,494
$8,979,003
$4,000,000
_
$4,000,000
Liabilities—
Collateral
trust
314%
bond3.
1955__.
Accounts
payable and accrued expenses.4,376
Coupon interest accrued
21,667
Tax liability
'
4,1736%
preferred stock cum. .($100 par), series A
2,113,600
stock
Capital
Earned
(par
surplus
surplus
$10)__
Total
—V.
159,
______
386.
15,688
2,113,600
1.631,400
515,047
489,824
•
"
515,047
445,946
246.40?
1
•__
p.
3.856
21,667
1,631,400
surplus
record
June
,
Railway & Light Securities Co.—Quarterly Report-^ -
_________
158,
be
to
made
were
The previous
1941.
p.
the
on
Based
Special
Trading Corp.—20-Cent Distribution— '
Feb.
tem¬
'
Common
Petroleum
^
1964."
1,
such
25, last year.
Unamortized
necessary.
-the-company's
"
mortgage.
Pettibone
■
listing of $3,337>»
due
a
of
Assets—
•
earnings."4 The War Department
renegotiation disclosed no exces--
ended
;
.
on Feb. 23 declared a dividend of $1
per share
\6'.V preferred stock applicable to the current quarter and
charged to paid-in surplus, payable April 25 to holders of
which
-
.
,
Government
does not deem
interim
company
on
to
company has paid in full the outstanding balance of RFC longdebt incurred in reorganization in 1937
and, for the first time
since
free
to
mailed
158,
;
r "
;
1944
489,779
227,004
309,996
Corp.—Sales and Output at New
of
the
to
year."—V.
*
'
loss—_
and
recog¬
added
be exchanged for shares of Class A preference
principal of debentures equal to the par
stock exchanged.
The plan was declared
are to
shares
and taxes
Interest and amortization
checks
statement
justr advised
From present appearances, the trial
opinion that the chances of
was
star to
Pittsburgh Coal Co.—Preferred Dividend of $1—
$4,170,548
*
v.
sales
due
has
The
are
prof-
—
dividend
"However,
.
term
long duration.
for
,
and
accompanied
supposed
"V-"*
were
plans of reorganization
concerns
excess
highs, E. J. Seifert, President, told stockholders
to-a'master
hearing and
The
and
trustee
642.
Production
Pennroad knowledge that
prejudice the Coal corporation;;
suit; was started in Oct. and is being vigorously
prosecuted and vigorously defended.
As the plaintiff's claim involves
transactions which had their inception in
1902 and the evidence is
being presented chronologically, no testimony has as yet been taken
.
'
the developments
action
by
referred
to
having
.■
During 1943,
were
with
and
u—t.—
Pettibone Mulliken
have given
conspiring
were
achievement
in awarding a
us
in February
the board of directors Feb.
1943
:$4,493,373
—•
Highs—Renegotiation—$3,000,000
previously stated, North American Coal Corp., Pittsburgh
& West. Virginia Ry. and numerous individuals are charged with hav¬
ing breached supposed fiduciary relationship towards Pittsburgh Ter¬
minal Coal Corp., resulting in the bankruptcy of the latter. - Pennroad
is charged-with having acquired a majority of the stock of P. & W. Va.
defendants
income
transferable
p,
could
matters—As
other
'
production
Navy,
to
North
s.
$597,680
for
Per
,
Net
,
trustee,
Canadian
taxes
—V.-159,
give serious studv to the record in .this
until these papers were filed.
It is impossible to predict just how
a
decision will be handed, down.
y'
"
Heiner,
and
-J
•Other
engaged in carrying
1944, these papers were
Court
$789,755
$782,881'
$913,166
expenses.—V. 159, p. 773.
10,955
form,
1926.—V.
1944
8,
the
249,073
,
basis
the
Per
January—
revenue
busily
that
255,475
Co.—Listing of Debentures—
the
on
of
and Oct.
Pere Marquette Ry.-—Earnings—
taken
railway taxes
operating income
advises
261,554.
>
exchangable for definitive debentures when prepared, are
delivery at the Guaranty Trust Co. of New York, deposit¬
140 Broadway, New York City.—V. 153, p. 642. "
ary,
declared, arrearages wilt amount
$20,498.50.
Any bonds accepted for
purchase by the trustees must be surrendered to the Trenton Trust Co.
on
or
before March 15, 1944, " Funds lor this
purpose are from the
sale of properties.—V.
157, p. 1749.
•'
both sides to supply ,it with printed findings of fact by the trial Court
and requests for findings' of fact which were refused
by that Court,
and to furnish record references in support of their respective con¬
tentions.
676,000
102,771
'
"
1
The debentures
Payments last year
June 15, Sept. 15 and
The Trenton Trust Co., trustee. 28 West State St., Trenton, N. J„
will until 3' p; m. on March
1, 1944, receive bids for the sale to it of
extended 4% first mortgage bonds due
May 1, 1953, to an amount sufr
ficient to exhaust the sum of
by both sides from the judgment of $22,104,516 rendered against Penn¬
sylvania RR. These appeals were argued in the Circuit Court of Appeals
in
early October, 1943.
The Court,
however, requested counsel for
out
289,260
73,831
our war
and
presented
!
Per
reports advised of
691,790
'
550,357
-
!]
"
stock
par,
no
1943,
Army
pennant
value
of
this'case.
.
Qverf ield-Weigle. Case^-Previous
547,887
' *
'
779,229
116,073
268,260
.
1941
$2,514,777
•
;;
of $374,674.
U. S. Supreme Court denied
a
-petition for-certiorari in this matter, thus finally ending a case
which had been successively decided against the plaintiff
by the Dis¬
trict andythe;' Circuit Court of; Appeals of the • United States and
•
827,971
•
>
1942
$2,717,070
The Ney York Stock
Exchange has authorized the
of 20-year 5l/a'.V cumulative income
debentures,
1770,
p.
thq
year;
,
2474.
April
the
lelieving corporation of any'liabiUty. in
last
;
000
Peoples Brewing* Co. of Trenton—Tenders—
Litigation
Oct.
for
increase
an
period
The directors
share.—V.
per
kwh„
H.
Pittston
of the
-
amount
March. 10
on
29.
and
cents;
payable*
like
subsidiaries
1943
519,956
for divs.__
the
r
each.
cents
dividend
a
stock,
of
the
by
porary
holders
to
follows:
its
$2,762,383
1,084,131
taxes.
(or deprec.)
avail,
available
account
on
1944
come.
p.
Sll,702,214 $12,946,896
share has been declared
per
and
133,559,000
corresponding
;
553,146
deducts.^ Cr45,561
oth.
"On Nov. 27.
nized
400,000
2,761,631
After payment of the dividend
just
■
and corporation also' extended its guarantee of the payment
principal of such; loan to that date.
Subsequent to the close of the year corporation sold its remaining
holdings of $5,000,000 Detroit. Toledo & Ironton RR. first mortgage
30
on
March
as
Dec.
Coal
at,
1944,
&
effective by
deem
Co.,
to
3,030,000
400,000
—
of
common
Distributions
to
the
over
$2,901,428
local
&
■
were
Trust
3,030,000
1937—
declaration
value
company
amounted
9.6%,
642.
'Included In operating
975,000
215,110
.951,936
1,
3,250,000
•
—
Accrued Dividend—
at
-
Shannon
&
1942
$217,876
234,801
400,000
par)—i
the
Wheeler, Jr., President, on Feb. 14, in a letter accom¬
quarterly dividend of 10 cents per share, said:
will appreciate that under present
conditions,* witli
our
'renegotiation' for last'year not yet concluded, and the
current
year yet to be renegotiated, together with a new tax law
in the mak¬
ing, it is difficult to furnish adequate interim
figures and comparisons.
However, we estimate that net profits for the first nine months
of this year, after a
larger provision for post-war adjustments, will
approximate those for the similar period of last
year.
; \
"While we have experienced a number of
adjustments in produc¬
tion, it appears that our back-log of war work ahead Should
continue
10
require reasonably full utilization of our facilities for some time
646,301
par)-:
no
fund bonds, duo
shares, $100 par);
$2,500,000; earned
,V-.^"Stockholders
58,073
113,540
147,651
'
(no
$20 par),
Pitney-Bowes Postage Meter
Co.—-Earnings—.
,
266,400
3,250,000
—
tax (est,)_
surplus
surplus since Jan.
taxes."
decrease from
a
Castle
the
National
liabilities.^
excess
1944
or
charges
Walter
(After deducting reserve of $43,608 In 1943 and $89,453 in 1942.
tAfter deducting $1,000,000 U. S. Treasury notes held for
payment of
during
future
•
TradCsmens
&
contingencies
preferred stock
accumulations
108,253 stockholders,
the
previous year of 4,775.
During 1943, the loan of
stock
average of $4.63 per
of the board of direc¬
an
intention
additional
•
$146,255
—
accrued
inc.
cumulative
Capital
common
own
or
•—_
and
Fed.
announced
this
of
19,
Unci." maint.)
Fed.
panying
$11,702,214 $12,946,896
—cr.
Common: stock .(587,500 shares
Total
oost
31,704
First -mtge. bonds( due Feb. 1,; 1953———
Notes payable, 3% %
due 1944-45Reserve
for
by
list
the
(trade)—
taxes
for
-The net assets value per share of common-stock
outstanding Dec, 31,
determined from the above, was $7.08 compared with $6.59 at
Dec. 31, 1942.
total
102,837
—_
output
Feb.
revenues
Bal.
•
.
1943
current
1943,
a
exp.
—_
:
in
sup¬
486,194
1,656,826
5,500
-67649,947
48,712
.
reduction
1
$3,841,644
*
6,287,387
!;
45,075
—
payable
tProv.
Earned
1943 at
.
15
Mos. End. Jan. 31—
Amort.
1942
-
1,448,993
58,061
-
j
Other
1943 $46,022,108
hote
;
Liabilities—
Airlines,
-1- $46,287,933
Net value of assets applicable to com. stock Dec.
31,
Corp.
—
—
*
-j
:
jself-insurance
—
Corporation acquired 298,500 shares of its
electric
ended
Oper.
All
475,000
(net)—
insurance,
April 1, Aug. 14 and Dec. 1, last
year, and
1942.—V. 158, p. 1941.
19,
Retir. exps.
213,667
——
——
construction
Philadelphia Suburban Water Co.—Earnings—
W 12
$2,501,230
$3,039,490
—_____
Indebtedness—
—
deposit with trustee for bonds--
assets
Total
reorganization
from
.
year
on
11,741,000 kwh.,
—V. 159, pp. 773,
,
of
\, submitted by
to
hand-
an
stock
share
$2,761,631
Deferred charges
in book value of 124,700 sha res of common Stock of! New!
York, New Haven & Hartford RR. to $1. This action was taken because
tors
oh
Unamortized balance
I ) Reduction
the
and
receivable
Other:;assets
Inc., for $175,000.
.
banks
Treasury Cectifidates of
Inventories
latter
.
the
31———
associated
Co.—25-Cent Distribution—
Feb.
on
of
$2,864,830
363,600
1943
"tAccounts
Detroit,) Toledo & Ironton RR. first mortgage 4%
increase of $2,-100,000 over .1942;
Purchase of 25,000 shares of common stock
Dec.
$1,382,188;
in
Philadelphia Electric Co.—Weekly Output—
1,802,351
272,700
:
Assets—
„
„
-
showed
made
week
.
book profit of $36,880.
net
stock-
(125,000 shares,
per share on the no par
holders of record March 8.
10
and Sept.
Comparative. Consolidated Balance Sheet, Dec. 31
bonds- due Jan; 1, 1967, at' an actual-profit--of
$282,516.
*
Payment by Jefferson Co. of $26,000 balance of its note. 1
Substantial subscriptions were entered in both the Second and
Third
War Loans, and holdings'of Government securities
at,the end of 1943
"
1
were
$1,062,479
$3,034,331
preferred
on
surplus
portfolio
,
and
of
Canton
retirement) at a'
$3,126,000
Co.,
stock
common
stock
cancellation and
'
investment
stocks of Armour & Co., Chesapeake
Missouri-Kansas-Texas RR., Republic
Ry., Lehigh Valley RR.,
Corp., Tide Water Associated
Steel
paid
$1,719,409), $1,782,541;
patents, etc., $1; prepaid
$5,147,255. ^'■■•■V
cents
Interest
The
'
—1
u_
inventories,
investments
deprecia¬
of
stock
common
directors
25
Gross
Pcnnroad Corp.—Annual Report—
'
surplus———
$45,258;
40,000
$533,101
2,501,230
Profit
$591,676;
$10,088),
accounts,
Pfeiffer Brewing
The
of
,
Previous earned
of
and
surplus, $1,165,267; capital stock in treasury
(6% cumulative preferred
stock, 85 shares), Dr$8,001; total,
$5,147,255.~-V. 158, p. 2258.
449,000
1,170,000
10,000
reserve
amortization
$250,000;
204,720
excess
...H
hand
on
mortgage and collateral trust
20-year 4%
sinking
April l, 1957, $384,000; 67c cumul.
pfd. shares (2,500
$2,721,479
prof its tax
Ipcome taxes—
Other
$0.87
•
$2,926,199
$753,101
210,000
Federal normal income tax and surtax—______
acceptable
Air Cheques,"
the
carrying currency
$0.80
;
Liabilities—Acounts payable, $284,938; accrued
royalties, local taxes,
interest,-etc., $30,699; dividend payable On common
slock, $31,247;
for furnace repairs and
replacements, $9,106; reserve for post¬
war
adjustments, war-time contract contingencies, etc., $500,000; first
38,022
$916,802
163,701
debt—
share-—,——,
$11,889; goodwill,
etc., $42,468; total,
The
currency"
$116,712
reserve
$2,888,177
111,106;
income
Interest
287,900
$107,670
'."Balance Sheet, Nov. 30, 1943
(less
and
plies,
316,882
$805,696
$404,612
196,175
-
deductions.,
process,
April
Other
Arrangements are being completed to issue and
cash, the cheques, issued in booklets
containing eight of $5 denomina¬
tions and 10 of $1
denominations, at 750 offices and agencies located
in major terminals, and
way stations along more than 100,000 miles
of international air rovttes," the
company said.—V. 159, p. 12.
:
tion
512,365
252,778
;
-
other
1,260,941
788,842
575,191
:
2,800-
corporations, $287,404; post-war refund of excess prolits tax
(esti¬
mated), $31,900; investment in foreign, subsidiary
corporations, 100-a
owned, $2,971; investment in wholly-owned domestic
subsidiary' corpora¬
tion, $34,714: land, buildings and equipment (less reserve for
1942
1,146,396
i...u
$401,812
and on deposit, $717,000; U. S.
Government
at cost (adjusted for amortization of
discount), $193,352;
marketable securities, at
cost, $23,893; notes and accounts re¬
585.
corporation
currency
other
ceivable
1,866,923
Gross
i_
—
common
1
.
•
$303,845
(estimated)—.—
——
per
2,330,781
$299,037
______
income
w
$2,732^593
-
j
miscellaneous notes
$7,505,210 $11,808,105
4,220,188
6,040,898
,
rency"—
in
.
,
—
for
' .'
v
1942
v
securities,
$0.28
31, 1943
inch packing & shipping exps.._
administrative expenses
other
Taxes,
$3,093,917
,
:;vv.
on
Assets—Cash
1,512,656
(demand deposits'in banks, and
*
Maintenance
Total
„,
$2,083,068
1.750,000
$0.39
$0.25
sales,
and
Provision
$313,939
99,943
:
of
Selling
$6,592,149
308,527
% $241,934
profit
"After
"Years Ended Dec. 31—
American Airways Corp.—Plans "World Air Cur¬
Pan
101,069
$1,934,728
;
share—_
per
—
(net)_L——r_____ —.4,808
income
Earnings
Pennsylvania-Dixie Cement Corp. (& Subs.)— Earns.
1,396,400
[4,098,700
!"•■•'■■
,$550,461
'
159,. p.
Net
211,057
$46,175,523.—V." 159, p. 58$.'
2,371,026
•
Balance
-V.
166,537
accrued, $260,571; taxes withheld on salaries and
dividends, etc., $5,254; common stock (par $1),
$8,300,000; capital sur¬
plus, $39,649,604; earned surplus since Jan. 1, 1939,
$3,042,718; cost of
•1.800,000 shares of common stock, held In
treasury, Dr$5,082,624; total,
'
;
166,302
on hand), $1,219,434;
of
subsidiaries, $40,153,124; other investments, $4,535,810;
income, $253,040; furniture and fixtures (less allowance for
depreciation of $26,019), $14,114; Jotal, $46,175,523.
3",365,760
W'
deducts.
pfd.
185,087
v
accrued
8,330,20$
3,376,758
-926,967
income___
Divs.
10,283,725
taxJ
prof
income
other
603,729
280,676
f 2,462,461
taxes__L
income
19,159
Total
securities
1944—12 Mos.—1943
C__l—_1
taxes
Federal
17,485
7:
income
Federal taxes
and
amortization
General
12,487'
1943
$2,652,536
2,353,499
—
shipped———
'
£29,303
•.
Income-—,-
Assets—Cash
$28,453,412 $25,421,943
$2,484,634
.289,322
■,
deprec.
963
sales
Operating profit
"•"Other
Liabilities—Taxes
1944—Morith—1943
-revenue
Operating
$2,269,728
1,003
;
161,290
6,815
V!
General
Ohio Edison Co.^Eamings
Gross
$2,912,297
.
-""Exlusive of profit on sale of
securities credited to earned surplus:
1943, $330,708; 19.42, $11,069; 1941, $181,952;
1940, $296,100.
per
year were
as
follows1: -March 15, June 15 and Sept. 15,
eachy and 7300:15,.$1.25.
Arrearages as at Dec. 15, last,.
to $27.62Vi per share.r-Y. 157, p. 2049.
amounted
9,911
19,261
1,021
:
662,042
'.15,625
Dividends
last
•25' cents
Cost of het
-
"Net
312,000
—
cents
2,257
$2,227,825
4,069
Federal income taxes
share on
the ;$2.50 cumul. class "A" common stock,
accumulations On
value,
par
dividend
a
6 Months Ended Nov. 30—
Net sales shipped
1940
10,717
Pfaudler Co., Rochester, N. Y.—Earnings—
;>
$1,578,515
697,828
879
312,000
Ohio Confection Co.-—Accumulated Dividend—
The
.iCV;-.
550,468
$2,351,830
paid—
Earnings
•
1941
$2,201,496
27,635
income.
General
312,000
Corp.—
Co
4
:
$1,649,721
532*735
bonds-__
—
Extraord.
&
— ___..
American
Wertheim
.
from
Total
Taxes
312,000
lii.
Rothschild & Co.__
at' the
presentation
-;
312,000
,
1942
$1,819,095
from other accts.__
Interest
Reynolds & Co
312,000
452.<
>
for
rents_T___
Interest
Pierce,
Lynch,
Fenner
j-Hayden, Stone & Co
;•. 312,000
Hemphill,-, Noyes & Co.__..3l2,000,
.
1943
$312,000
Co.v
-
Merrill"
accumulated
Income Account for Calendar Years
•••■'■
v
Ground
and the
each, are as
Thalmann <fc
Ladenburg,
i
312,000
:312,000
-Blair & Co., Inc.—
being
Dividends
underwriter
be purchased by
is
\
V
Int.
>
Co.', Inc.
serial notes so
contentions
time.
proper
...
shall never
prepaid,
v
premium
principal
severally to
_____t;;$320,000
Co.,
such
of such
each
Of'
name
that
plaintiff's
_______
231,805
$9,026,494
$8,979,0C3
.
Years End.
Vice-Presi¬
for 18 years.'—V., 159, p. 585
company
U, S.-Italy Ra¬
Communications, Inc.—Expands
RCA
diotelegraph Service—
..
also
the
159,
p.
52 Weeks
7
Period—
sell., del.
admin.
&
Other
exps._
incl.
exp,
738,000
495,000
122,469
,q63,400
1,020,000
,182,000
915,000
Earnings
called
has
company
redemption
for
$2
income
Other
■
.
.
1941
«
for Fed.
Prov.
and
income
profits
excess
directors
of record Feb.
ers
and
15
June
Feb.
on
the common
declared
16
'
1940
44,884
57,866
62,705
36,832
tax_
$250,208
$387,708
$474,642
$458,869
tax_
94,256
137,848
100,369
inc.
:
.
/
144,321
Payments last year were as follows;
15L 37*/2
each;
cents
^
$155,953
—
$243,387
$336,794
300,000
660,000
$0.81
$1.12
$1.29
—V.
31, 1943
1942
1941
railway
$9,149,992
$9,104,099
$6,989,975
railway...
2,888,149
2,802,881
1,865,188
1,047,507
1,360,914
949,892
$6,032,277
1,953,277
1,275,394
from
Gross
from
Net
Net ry.
—V.
oper.
159, p.
income...
484.
The company on
record $ov. is,
made
on
June
Dec.
Republic Aviation Corp.—Common Dividend No. 2—
New Director Elected—Annual Meeting April 11—
(No.
the
announced
President,
election
as
a
Bldg. Co.
^$49,932
$35,497
35,603
—1,839
36,405
6,503
458
4,500
___
V
income
—.
.
profit
Dividend payable
•
—
—
Dec.
—
Prov.
.
Bldg. Co.
$32,630
Assets—
'
income
Net
Leasehold
1943
1942
.
$552,329,000 $521,110,000
12,011,057
17,154,578
—
charges,
all
after
for
Note—Provision
1943
for
for
was
incl. taxes.
share—$1.77
Earnings per common
income
Federal
and
$2.67
profits
excess
taxes
liabilities
Ground
the
Feb.
stock,
common
19
of
declared
which
a
Lease
there are
30,000
9,233
$491,390
'
—
"
—
;
(par $1—_
J:.
Total
'.
~jy,
_
'
—V.-. 155,
1846,:
p.
,.
Southern Canada Power Co.,
Rock-Ola Mfg. Corp.—New Directors, Etc.-—
A.
R.
of
Keiso
Paul .W,
industrial
and
Louis
Widup
has
relations.—V.
Mantynban dhave been elected direc¬
appointed Vice-President in charge
W.
been
and centralize the handling of an increased volume of
has begun new construction to greatly
manufacturing capacity, according to an announce¬
ment.
The present floor space will be increased by 74,000 square feet,
and will enable the company to consolidate all its operations, now
divided among four scattered locations in Alliance, Ohio, in addition
to the main plant/ under one roof.
The Warren Engineering Co; of
.Warren,, Ohio, is the general contractor.
A new 6,400-square foot double hangar,
construction of which has
already begun, will be used for housing airplanes undergoing field
service previous to test flight, for making minor adjustments after
To facilitate
business in
1944 this corporation
flying, and for accommodation of
service ctcws,
158,
2259.
p.
Operating
Net
Rockwood & Co.—Accumulated Dividend—
The
count
directors
of
have
declared
accumulations
payable March 1
year.
share.—V.
the
dividend
5%
of
cumul.
to holders of record Feb.
each were made on this
last
on
a
Arrearages
158, p. 897.
issue
as
at
on
$2.50
per
preferred
18.
1,
1944
stock,
on
i
par
$100,
and Dec. 3,
$13.75
expenses
earnings
159,
p.
—_
387.
$173,046
$110,222
•••
-
per
South Porto Rico Sugar
The
share
directors
on
dividend
the
of
have
no
12,932
1,060
20,620
448,429
2%
value
the 8%
par
.
■
on
interim
common
the personnel and equipment of
«/',
>' *
■
t
. "v*
*
ers
on
Feb.
declared
18
a
7%
and
15
and Dec.
each;
cents
35
15,
Sept.
n$r share
March IS^ to hold*
dividend of 35 cents
first preferred stock, par $100, payable
of record Feb. 28.
Payments last year were as
the
follows: %Iarch 15,
15, $1.45.—V. 158,
2087.
,
■
1943—3 Mos.—1942
$787,360
300,959
$486,401
;
:•
Co.—Earnings—
Texas & Pacific Railway
1943
1944
Month of January—
Operating
revenues.
_w_;——
$5,231,270
2,942,886
1,548,895
$6,512,731
—-
Operating expenses
—— 'i
3,770,226
Railway tax accruals
-r.—-—2,017,225
Equipment rentals (net Dr)
—
170,844
Joint facility rentals (net Dr)—__—;
4.915
railway
income-
oper.
Other income
,
-——
Total
Income
deductions
Miscellaneous
Fixed
charges
—V.
.
58,285
4,864
$676,340
50,682
$549,521
62,776 v
p.
$808,460
259,880
$548,580
•
,
-
,
.V 'v ;
^
L__
•
■
'Inclusive
t$91,554
of
from
a
the
,
317,379
:
$403,350
')
Subs.)—Earnings—
31, '43 Jan. 29, '42 Jan. 30, '41
$424,170
't$16,840
'$171,684
Jan. 31, '44 Jan,
income
received
$311,296
'
486.
$727,022
6,293
.
'
—.—_
Thompson-Starrett Co., Inc. (&
,
$612,297
5,160
295,841
'
income
159,
—-—-—-
———
—
V
Net
Net
Co.—Dividends—
an
s
Co.—35-Cent Preferred Div.
Telephone Bond & Share
$491,390
______
dividend of 50 cents per
stock and the usual quarterly
preferred stock, par $100, both payable
declared
*'
i
initially to be used for fabricating
important parts for bomber and fighter planes pnder sub-contract, in
addition to the production of the Taylorcraft L-2 liaison-observation
plane.—V. 159, p. 50.
6,674
^
10,310
29,082
2,550
20,620
104,632
ac¬
Distributions of $1.25
amounted to
m
—V.
share
March 1, June 1, Sept. 3
Jan.
earnings
^
space is
The additional factory
Ltd.—Earnings—
1943—Month—1942
$210,054
$261,183 ".
99,832
88,137
Period End. Dec. 31—
Gross
Manufacture
increase its present
I- 9 Months Ended—
tors.
248,715
-
—
914
$167,596
;
Surplus
shares outstanding,
$76&
117 .1'.
payable or accrued —
deposits and advance rentals. —U-_
Capital stock
dividend of 50 cents per share
payable April" 1 to holders of record March 21.
This is the first divi¬
dend on this issue since 1930.—V. 158, p. 1771". - ------• "
Bldg. Co.
$19,160
v 592
462,405
$285
„
,——
payable
368,900
v
ing Facilities—
Lincoln
$167,598*.
—
——
rent payable
Dividend
;
L
profits tax—
———
$1,090,979
surplus.—V. 158, p. 774.
Net
(trade)-.
payable
Accrued
Riverside & Dan River Cotton Mills, Inc.—Dividend—
on
118,121
—
Accounts
232,285
surtax—
and
$414,487
$722,079
Earns, per share on 322,056 com. shares—
•
$1.03
$1,84
From the net profit of $414,487 for the year 1943, the board of
directors has directed; the transfer of $50,000 to a special Contin¬
gency reserve for possible future losses that may result from wart
time and post-war conditions, and the balance has been transferred
Liabilities—
for
Provision
compared to $3,000,000
—$895,487
—
tax
excess
profit—
Net
June
16,845
A: Total
Taxes
directors
l—i-,.
<
charges
Prepaid expenses and deferred
$39,300,000 as compared to $67,875,000 for 1942.
contingencies totaled $4,750,000 for 1943 as
1942.—V. 159, p. 774.
The
(trade)—.—
estate, equipment, etc. —
Accounts and notes receivable
Calendar Years—
Sales
—
—
Fed.
for
1942
1943
profit-—
normal inc.
for Fed.
31, 1943
6th & Bwy.
Cash
compared
as
^
net
Operating
p.
Balance Sheet, Oct.
.
Republic Steel Corp.—Earnings—
Total
'$9,056
$7,532
10,310
♦Deficit.
r,
companies in the
19, 1944,
for the week ended Feb.
(James) Talcott, Inc.—Earnings—
on
Net
Output—
operating
utility
Years Ended Dec. 31—
The directors
"
The latter has no bank loans outstanding
at present and recently announced the retirement of its entire pre¬
ferred stock.
"
•The annual meeting of the corporation's stockholders will be held
in Wilmington, Del., on April
11.
The books for the meeting will
close March 1.—V. 159, p. 484.
•'
-''P V\:7- -P
' pPP'il
kwh.,
•
■
I
1,645
leasehold—
tax
of
Amortization
Federal
—
—
Depreciation
Republic Aviation Corp.
on
.
public
the
of
Electric Co. system
&
with 175,855,000 kwh, for the
'corresponding week last year, an increase of 10.4%,—V. 159, p. 774.
•':
v
" 'r,
'
/
•' ' r
'
1
- 1
'
,j"
r ""
tli6 field
Bldg. Co.
of
of
and
Lincoln
6th&Bwy.
income
Gross
output
194,200,000
totaled
test
Expenses
director
Lloyd D. Brace, Vice-President of the First National Bank of Boston,
which for several years has been closely identified with the financing
been
Account for Six Months Ended Oct. 31, 1943
2)
payable March 10 to holders of record March 1.
tion of like amount was made on March 10, last year.
Marchey,
A distribution of 25 cents per share had
the same rate as paid on June 1
1943,
1,
1942.
1,
,
share on the 982,407 outstanding shares of common
Alfred
Dec. 1, 1943, paid a dividend of 50 cents per share
on the capital stock, par $1, to holders of
1943.
Profit and Loss
of 25 cents
stock, par $1,
An initial distribu¬
17 declared a dividend
Feb,
directors on
The
per
Building Co. (Swelldom Build¬
Calif.—Pays 50-Cent Div,—Earns.—
surplus)
earned
of
(out
158, p. 2476.
Taylorcraft Aviation Corp.—To Increase
Sixth and Broadway
1943
$1,052,225
Electric
Co.—Extra Dividend—
usual
ing) , Los Angeles,
1944
v
1,536,058
—$1,266,463
Standard Gas
payable,
have declared an extra dividend of $1.50 per share
quarterly dividend of $1.50 per share on the capital
stock, both payable March 14 to holders of record Feb. 23.
Similar
distributions were made each quarter during 1943.—V. 158, p. 1284.
158,
1942
$2,588,283
2,774,047
Provision
the
1943
$4,040,510
——^
——
Standard Gas & Electric Co.—Weekly
directors
The
and
End. Dec. 31—
Profit
on hand and in banks,
(Including accrued interest, at
Singer Manufacturing
and
upon
after April 16,
—»r
480,000
Silex Co., Hartford, Conn.—New President, Etc!—
Frank E. Wolcott, Jr., has been elected President, and Wesley R.
Becher as Vice-President and General Manager.
4
Clayton R. Burt has been elected to the board.
He is Chairman of
the Board of the
Niles-Bement-Pond Co., and a director of Arrow,
Hart & Hegeman Co., Hartford Connecticut Trust Co., and the West
Hartford Trust Co.—V. 159, p. 219.
Co.—Earnings-
Reading
January-
'
surrender of the
or
1943, at the office of Dillon Read &
Street, New York, N. Y.—V. 159, p. 774.
*
presentation
made
be
$358,500
270,000
$0.51
—
,'/•:(
P. 485.
cents per
hold¬
March 15,
$1.—V.
15,
and Dec.
will
Profit before taxes—-
$35,771; accrued taxes and expenses,
$36,234; provision for Federal income tax, $95,700; capital stock ($10
par), $3,000,000; earned surplus, $623,984; total, $3,791,688.—V. 159,
2196.
p.
.
CE. R.) Squibb & Sons (& Subs.)— Earnings—
6 Mos.
$295,347; U. S. Government
cost), $1,358,044; customers'
accounts
receivable
(less reserve of $9,169),
$165,153; inventories,
$1,596,097; miscellaneous accounts receivable, $5,032; property, plant
and equipment
(les's reserve for depreciation of $413,413); $338,964;
prepaid insurance, taxes and supplies, $33,052; total, $3,791,688.
stock, no par value, payable March 15 to
29.
Sept.
of 37V2
each;
each;
each;
each;
each;
each;
each;
each;
each; '
each, and
each.
serial notes due Dec.
Co., 28 Nassau
Assets^-Cash
securities
providing $7,095,900 (net
dividend
a
Called—
"
accrued interest in each case:
1, 1944, at $1,008.70
32 serial notes due Dec. 1, 1945, at $1,011.10
32 serial notes due Dec. 1, 1946, at $1,010.00
32 serial notes due Dec. 1, 1947, at $1,005.10
32 serial notes due Dec( 1, 1948, at $1,019.90
33 serial notes due Dec. 1,1949, at "$1,012.30
33 serial notes due Dec. 1, 1950, at $1,001.3C
32 serial notes due Dec. 1, 1951, oTSlTOOO.OO
33 serial notes due Dec. 1, 1952, at $1,000.00
32 serial notes due Dec, 1, 1953, at $1,000.00
32 serial notes due June 1, 1954, at $1,000.00
to
on
of
$355,000
of
$422,038
Earnings per com. share
37 Vz-Cent Dividend—
The
'
called for redemption as of March 18, next, a total
serial riotes due from 1944 to 1954 at the following
prices plus
cies.
share
V
Jan. 1 to Feb. 14
1943.
1944
1943 ' '
$5,986,706 $39,978,936 $38,001,220
1944 •
$6,477,570
774.
called notes on
1941
$411,937
paid
Dividends
income and excess profits
$1,000,000 for post-war adjustments and other contingen¬
taxes, and
.59,585
.
$7,941(773 $5,98i;047outstanding debt, or other
$5,183,934
——
There have been
,
Payment
1942
income^
Net
post-war
$650,000 for
and
taxes
159, p.
Federal taxes
$2.63
adjustments and other contingencies, fAfter
of post-war refund of $679,000) for Federal
48,192
157,436
Southwestern Public Service Co.—Notes
*
$329,842
1943
.
(net)
inc. bef. inc.
Net
,4 $2,053,037
$2.58
$3.27
'After depreciation, Federal income and excess profits taxes, etc.
fAfter providing $6,675,000 (net of a post-war refund of $638,000) for
Federal
—V.
'
earnings
Gross
Pay $2
$205,324
31—
operations
from
Liabilities—Accounts
1943 V
1942
J$l,651.160 t$l,622,084
i
1,308,253
1,526,983;
1,756,010.
Week End. Feb. 14
;
as
Co.—Earnings-
Scotten, Dillon
Years Ended Dec.
(Including Domestic Subsidiaries)
income
income
railway oper.
:
•
821).—V. 158, p. 1771.
(see V. 157, p.
10, last year
Income
declared on the common
of record Feb. 28. Dis¬
during 1943 were as follows:
Jan. 2, March 10, June 10
10, 25 cents each; and Dec. 10, 37 Vi cents.—V. 158, p. 1075.
Calendar Years—
—
'
Raybestos-Mahhattan, Inc.—Earnings—
'Net
operations'^- $17,672,350 $16,740,770 : $9,840,580
10,574,970
7,223,822
2,491,696
accruals
'Before provision for -interest charges on
non-operating income items.-rV. 159, p. 586.
announced on Feb. 17, have declared a dividend
the common stock, par $10, and a dividend of $5
share on
per
March
Dividend—
Earnings per share of common stock
'Net
share on the 5% non-cumulative preferred stock, par $100, both
payable March 10 to holders of record Feb. 24.
Distributions of $1
on the common stock and of
$5 on the preferred stock were made on
dividend of 25 cents per share has been
stock, par $10, payable March 10 to holders
and Sept.
tax
—
per
Balance- Sheet Dec.
tributions
_—
from-ry.
Equipment rents (npt).—.—,
Joint facility rents (net)
The directors, it was
of
279.
25-Cent Common
expenses
rev.
Railway
Common Dividend
banks, $1,736,009; United States Govr
eminent
Securities, $375,000;. accounts and notes receivable (less
reserve for doubtful accounts of $50,000),
$4,164,699; employees' loans
and advances,
$1,025; other accounts receivable, $41,433; inventories,
$5,869,081; cash surrender value of life insurance, $135,265; post-war
credit for excess profits tax, $146,700; sundry accounts, $1,000; prop¬
erty, plant and equipment (less reserve for depreciation of $2,816,858),
$9,304,031; deferred charges, $92,035; total, $21,866,279.
Liabilities—Notes payable, banks, $900,000; accounts payable, in¬
cluding payrolls, $996,831;
dividends payable,. $75,000; provision for
taxes
(including income taxes, social security taxes, property taxes
and excise taxes), $2,608,978; notes payable due serially from May 1,
1945
to May
1, 1951, $2,100,000; contracts with City of Waterloo,
payable not less than $4,500 per annum (net), $67,500; reserve for
contingencies, $150,000; contingent liabilities, $125,699; 5 % preferreed
stock
(par
$100), $3,000,000; common stock (par $10), $7,000,000;
paid-in surplus, $510,000; earned surplus, $4,457,969; total, $21,866,-
A
General
Ltd.—Bonds Called—
Louis, Rocky Mountain & Pacific Co.—To
and $5 Preferred Dividend—
St.
paid
Assets—Cash on hand and in
.'
-
•
Miscellaneous
32
1943
Oct, SO,
Balance' Sheet,
"r
.1
t$724,999
(1943, $131,300);
common,stock.
Transportation
of April 1, 1944, for
account
of the sinking fund,
at 104 and interest $333,000 of first
mortgage 4(4 %
sinking fund bonds, series A, and $67,000 of first
mortgage 4*4% sinking fund bonds, series B.
Payment of the series A
bonds will be made at The Union Trust Co. of Pittsburgh, co-trustee,
Pittsburgh. Pa., or at the Central Hanover Bank & Trust Co., New
York, N. Y., and payment of the series B bonds will be made at the
National Trust Co., Ltd., co-trustee, Montreal, Canada.—V. 158, p. 1771.
The
500,000
$4.11
credit
I*—..
Traffic
Southern Railway—Earnings—•
f 2,724,999
500,000
$5.15
$2,000,000 paid in
and
937,515
700,000
77 $2.95
- - 6,907,149
159, p. 642.
Saguenay Power Co„
2,206,059
150,000
$2.80
deducting post-war
"After
150,000
700,000
700,000
—V.
64,000
2,726,549
share
per
J
2,214,508
150,000
975,013
1,873,678
150,000
—
fr
47,009
tax_
dividends.
Common dividends
Shs. com. stk. (par $10)
cash
110,305
tax—-,
inc.
profits
Preferred
in
55,126,281
384,647
int.,
profit.
Net
77,741,416
455,724
109,968
for Fed.
♦Excess
507,910
-
v
498,513
(net).
etc.
Prov.
58,258,996
118,399,219 119,900,290
._
obsolescence
&
Deprec.
81.835,994
123,126,777 124,680,176
sales,
of
Cost
Nov. 2, '40
Nov. 1, '41
Oct. 30, '43 Oct. 31, '42
:
sales
Net
regulation
Offering-r-Hayden,
Stone & Co. and Lehman Bros, on Feb. 18 made a spec*
ial offering of 15,600 shares of common stock (no par)
on the New York Stock Exchange. The price was $44 ^
per share, with a special commission of 65 cents a share.
53 Wks; End.
Ended
1944 •
1943
1942' .$51,562,191 $43,001,366 $29,814,511
4.659,235
3,134,946
; 8,474,727 V 6,584,575: ' 4,597,486
711,504
610,270
504,793
15,355,278 12,322,702 10.275,449
1,286,804
1,056,418
548,188
1,154,379
1,027,395
913,069
operating revenues
structures
^Maintenance of equipment
Railway
Maint: of way &,
Inc.—Special
Stores,
Safeway
Co.*-Earnings of! Transportation. Sys,
Southern Pacific
Month df January—'
v
.
banks, under Federal reserve
25
$7.50,
par
Net
Income Account
.
25
salaries and wages payable,
and capital stock taxes,
$7,461,299; California corporation franchise tax, $394,651; other taxes,
$121,478; capital stock ($1 par), $435,000; paid-in surplus, $340,200;
earned surplus, $3,759,841; total, $20,340,715.—V. 157,. p. 734.
Rath Packing) Co.^-Earnings—
Comparative
(at cost),
V, $5,000,000; accounts payable, $2,087,029;
Federal
income, excess profits,
theatres,
—V.
stock,
(estimated), $3,781,698; post-war refund of excess
profits
taxes,
$745,530;
property, $909,755; prepaid taxes, insurance, etc.,
$645,565; total, $20,340,715. ; - ■
■
; .;, . ; \ . *
Liabilities—Notes payable to
(
Payments last year were as
$741,216;
transmitted from Italy, as they are by RCAC from other
to the United States in. approximately ten minutes.
774..
be
can
.
1
,
cents per share has been declared on the common
payable March 13 to holders of record March 3.
follows:. March 31, June 30 and Sept. 30,
cents .each; and Dec, 24, 50 cents.—V. 158, j>. 2260.
of
dividend
A
1943
Government securities
S.
U.
of 50 cents per share
28 of last year disbursed an
Co.—25-Cent Dividend—
Southern'- Natural Gas
process
When it starts, these pic¬
future.
is planned for the near
press
tures
war
Sheet, July 31,
Similar distributions were
15.
(--/'V-v^
quarterly dividends
four
the
to
paid during 1943, the company on Sept.
extra of $1.50 per share.—V. 159, p. 586.
$3,178,040
435,000
—
$3,084,370; accounts receivable (includes $1,560,917 assigned as security
for
Regulation V loan), $2,099,256;
advances on purchase commit¬
ments,
$127,428;
materials and supplies, etc., $5,194,396; work in
Messages (EFM) to and from American troops and
other offical
personnel in the Italian -war area was announced on
Feb. 17 by this corporation.
"Senders composition" messages may
be sent to that area.
All messages must bear the APO number of the
addressee, and they may be filed at any telegraph office in the United
States, marked ''via RCA."
'
•
. >J v
RCAC officials also revealed that installation of radiophoto equip¬
ment for the
transmission to this country of war photographs for
Force
ditionary
$3,752,717;
Assets—Cash,
radiotelegraph service between the
Southern Italy" to include Expe¬
Expansion of its recently opened
States and "somewhere in
United
:
Balance
1
-
„
i
income
Net
record March
of
holders
Jan. 3, last,
on
addition
In
$1,269,181
$289,980
Cash dividends
'326,250
22,500
"In addition company paid a 100% stock dividend during the year,
capitalized at $1 per share ($150,000).
appointed Assistant to the
been
with the
been
has
He
dent.
1942
1943
has
Golden
J.
Aug. 6, '40 to
Julv 31, '41
July 31
to
1
made
,
'
Promoted:—
Richard
April
Corp.—Earnings—
Rohr Aircraft
Co.—Official
Manufacturing
Car
Pullman-Standard
Monday, February 28, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
■
of $49,075 in 1942 and
corporation's minority interest
dividend
$217,350 in 1941
in Mason-Walsh-
Consolidated Builders, Inc., which com¬
pleted the Grand Coulee Dam).
tLoss.
Atkinson-Kier Co.
(affiliate of
New Director and
The
Vice-President—
corporation has announced
and his appointment as
director
.
r
the election of J. R. Van Raalte as a
Vice-President in charge of its new
business department.
Annual
The
Meeting—
corporation
-•
''
will hold its annual
meeting, adjourned from Nov.
Volume 159
26,
1943,
because
it
Feb.
on
of
not
J.' Fischer,
Leo
28.
difficulties
decided
was
THE COMMERCIAL
Number 4259
in
to
obtaining
seek
has
Chairman,
and
proxies
proxies.—V.
the
p.
that
involved,
explained
United States Gypsum Co. (& Subs.)—Annual
Report
2623.
158,
expense
Calendar Years—
Net
corporation
Feb.
on
19
announced
Cullman, Assistant to the President of
Porter, President of National Distillers
—V.
158,
Hedges, and Seton
Corp., as directors.
&
Benson
Other
Products
W.
Association
of
Security .Dealers.—V.
*
Cost
of
sales—.
:
Deductions from
•:
income
Federal
credit,
Income of sub.
excess
profits
Earns,
per
28,389
the
;
Consolidated
Balance
Sheet,
-
Cash
1
:1
S.
Treasury bonds and tax
Accounts
notes,____
receivable
or
470,000
etc
Total
Total
86,800
1,042,000
Minority
interest
Common stock
—2'i—_
a—
(397,885 shs.
no
a
—
par)
1,756,000
40,865
—V,
,
-~V.
*
>
*
r
,
United Corp.
The corporation
V'
,
I
»-r*
.V
'
i
t
Feb.
17
1
-b
I
,
'V
i
announced
Slew-art
of
Lynch, an attorney
by Randolph Phillips as
the
United
Corp.
management,
United
*
Feb.
on
representation
any
in
Mr.
21
Gas
of
the
Wilmington,
candidate
a
Phillips
Del.,
for
the
had
who
Board
situation.—V.
159,
644.
p.
Solicitation
Feb.
on
beneficial
Mr.
by
of
owner
Frey
Co.—Annuity
of
stock
of
"It
In
Plan
Meets
the
would
benefit
and
other
for
The
.
U.
G.
United
hard
,
shares
I.,
which
plan
to
159,
States
of
States
the
March
$5
or
the
retirement
than
more
and
annuity
loss
plan
to
the
directors
of
process
stockholders
at
.•
.
will
who
result
also
are
dissolution,
•
.*,
the
stock.—V.
15
officers
will
submit
be held
to
The
board
of
directors
James
F.
placement
159,
of
25,000
775..
p.
Co.—15-Cent
declared
Feb.-17
on
dividend
a
Dividend—
of
15
cents
A.
Hale,
announced
Treasurer.-?—V.
the
159,
644.
p.
The
The
.
vote
All
was
salaried
$2,600
1944,
and
196,572 shares
employees
other
or
who
in
whose
profit
are
in
favor;
total
6,337
shares
annual
sharing .payments
The
plan'' sets
exceeds
the
who thereafter has been in its employ
whose annual compensation reaches S2.600.
a
retirement
of
employees
least jtwo
at
-coj
at .65
■
;
years
•
for
males
and
females, although .continued service is permissible .-with
corporation's approval, together, with -continued
participation, in
retirement .".plan.;
;
..v.,
-%-;.••% ■
j/-
the
60
age
for
Under
the
plan?
the
does
not
pensation
be
of
allocated
each
approved
guarantee
to
Payments
the
./:•'
"
In
substance, the-plan provides that upon
ployee, bv reason of his .having reached the
reason
of
ration
disability,
after having
death,
the
amount
or
urgent
need
projects being handled
total
thus
made
;Net
1.942
860,696
of
'
retirement
of
retirement
age,
an
em¬
or
income.
his
benefit. will
be
paid
to
him
or
beneficiaries, at such times and in. such installments as the
ployee^ Benefit Committee, to be created pursuant to the plan,
subject t-to certain restrictions, decide.—V. 159, p. 644.
+84,285
"444,560
^ 47,000
819,071
Shares
in
claims
be
for
by
clue
the
the
year
Federal
of
the
and
State
net
made
was
income
and
before
pro¬
Income
on
substantially
1942
of
excess
and
these
taxed
are
and
the
1943.
"normal"
normal
at
and
earnings
rate
a
of
90%.
202,350
taxes
of
—$2,302,629
J?—
taxes
$24,393
and
$1,930,197
12,934
and
$2,317,342
$2,079,046
$2,033,112
927,419
884,387
809,226
$16,683
$1,194,659,
$1,223,885
excess
prof its taxes for the year 1941; as
$41,000 in excess of provisions therefor.
approximately
in
provided
was
to surplus
1942 post-war
in
in
1942.
1940
the
and
("Exclusive
refund crfedit.
of
,
balance
$9,900
in
of
The
A
,
report
year
for
Capital
1943
"9,988,010
9.634,391
3,894,976
$4,232,911
$6,058,635
$5,591,606
3,964,634
3,964,634
5,550,487
5,550,486
$268,277
$503,148
$41,120
3,172,111
3,172,111
3,172,111
$550,280%
stock '
provision
$895,049
for
in
3,172,111
$1,25
Changes
states
During
in
1941
equipment
and
in
funds borrowed
the .face
proceeds
to
used
in
to
heavy
and
series
sold
to
due
"Notes
.
stock
for
sale
of
excess
face
$2,240,000
capital
the
and
the
amount.
of
4lA%
April,
the
to
1943
A
consisted
Net
was
U.
of
of
bonds,
thereby
proceeds from
working
sim¬
effecting a saving of
applied to the reduction
.
21,024
block
a
underwriters'
Consolidated
.
of
of
-
40,000
the
-
shares
21,024
and
cumulative
registered
shares—$2,024,other
expenses—
loans and to the building
capital.
Balance
,
shares of $5
commissions
the final liquidation of bank
company's
com¬
portion of the
structure'and
balance
remainder
1942.
deducting
applied
of
up
in
in
the
issued
were
insurance
the issue; yielded
.
sold
stock,
after
654,
were
1
Sheet, Dec.
*■
31,
1
i
has
miscellaneous
current
assets,
$17,702;
materials and
supplies,
$60,027; special deposits, $11,267; post-war
profits tax, $12,165; deferred charges, $86,826; total,
A
prepayments,
excess
$56,585,495.
-.
other
accounts
interest
Balance
(no
$5.00
par),
cumulative
convertible
preferred
(no
preferred (no
par), $4,000,000;
par),
$6,000,-
common
capital surplus, $6,895,073; earned surplus, $5,debt, $20,233,250; portion of long-term debt re¬
deemable in
1944 through operation of
sinking fund, and mortgage
loan instalments payable in
1944, $178,750; accounts and wages pay¬
able, $684,478; dividends declared, $276,875;. customers' deposits, $720,576; accrued taxes (including income taxes), $963,838; accrued inter¬
est, $314,158; other current liabilities, $77,147; deferred credits, $108,399; reserve for depreciation, $4,400,287; contributions in aid of con¬
struction, $2,084,198;
reserve
for
workmen's
compensation,
$27,947;
reserve
for deferred operating charges,
$202,350; total, $56,585,495.
116.
/v. ;;v/;
.
dividend
par
31
marketable
securities—"
1942
■
15,056,380
15.107,318
56,412
receivable.——
receivable
$12,321,886
13,831,773
8,008,616
54,828
2,416,262
______
15,200,264
not
current—__
13,161,387
1,044,702.
of European subsidiaries—
stocks, bonds, etc.—
2,293,681
1
1
5,766,987
5,932,400
895,046
tReal estate,
plant, equipment..—
7,246,015:.'.. 7,599,357
Properties held for disposition——. 830,218
835,616
Pftt6nt$
of
portion
•'
'
Fvl.
V
•'
profits
excess
taxes
2,031,011
ji"<K;
"
' '
"
'
Deferred charges
•
X
1'
'
1,080,526
—
Total
903,799
$76,605,864 $69,479,265
.1
payable
*
—
$3,373,246
$2,100,299
Advance
billing and other charges to customers
uncompleted contracts
on
taxes,
Deferred
royalties,
credits
for
Reserves
to
etc..——
1,459,738
1,647,064
19,350,970
:
14,338,386
income——————
capital
and
stock
surplus
2,117
A——
for
of
of
$11,347,117
159, p. 776.
34,893,213
14,610,159
14,059,879
$76,605,864 $69,479,265
items
doubtful
reserves
1,833
34,893,218
■
,—_
_____
—
reserve
tLess
2,254,693
workmen's compen¬
—_
Total
183,896
2,789,883
contingencies,
126,533
etc.
•Minority interest in
of subsidiary
'Capital stock
Earned surplus.-A'
$356,480
in
in
1942
and
$359,590 in
and $11,896,247
1942
in
1943.
'
<
,
Wiltsey-Cojhlan Mines, Ltd.
The
directors
of
25
cents
per
share
has been
the
It
of
price
the
on
is
the
of
shares
intention
of
in
the
sold
per
(Canada)■—Rights—
100,000
share
the
shares
and
treasury,
directors
offer
to
all
to
shareholders of
registered of record March 6, 1944, the right to buy
fully-paid share at 12 V2 cents per share for each five shares
then held.
These rights will expire on March 14.
Guaranty Trust"
Co. of Canada, 70 Richmond St. W„ Toronto
1, Canada, is registrar
company,
new
and
transfer
The
agent.
v
Rouyn property of this company consists of 903 acres adjoining
Mines Ltd. on the south and Noranda Mines Ltd. on the east.
Donalda
Denison
the
and Margaret B. Smith of 100 Adelaide St., W., To-Canada, are President and Secretary, respectively, of
Denny
1.
Ont.,
company.
York
S.
E.
Corp.—More Refrigeration Provided—
(Pa.)
President,
Lauer,
the common
$2.50,
payable March 20 to holders of record March 10.
Payments last year as follows; March 20, June 21 and Sept. 20, 25
cents each, and Dec. 20, a year-end of 45 cents.—V.
158, p. 1677.
on
Feb,
21,
announced
that
the
company
provided $12,500,000 of refrigeration equipment for Liberty ships,
than 1,000 of which have been so equipped since Pearl Harbor, "
and that it holds contracts for similar installations on 133 Victory
has
more
'addition,
refrigeration and air-conditioning equipment has been
company for 2,000 naval vessels, from battleships tn
supplied by the
tllgS
flGCt
•
'
'
corporation's
1
naval
1942, Mr.
Younsfstown
on
recently
12%: cents
balance
one
The
declared
have
of treasury stock
have granted an option
amounting to 57,T43, at
15 cents per share.
However, the sum to be provided by this sale
and option is not sufficient to carry out the diamond drilling and
exploration program contemplated by the management and, therefore,
the directors passed a by-law to increase the capital of the company
from 3,000,000 shares of $1 par to 4,000,000' shares of $1 par.
The
shareholders approved the ir.crease on Feb. 21.
The directors have received a firm underwriting on 600,000 fullypaid shares of the proposed increased capital at the price of 12%
cents per share,
for which underwriting a commission of 712% will
be paid.
The underwriters have already deposited $20,000 with the
company.
After giving effect to this underwriting, the company will
have a working capital of close to $100,000, and a balance of 400,000"
shares in the treasury, available for further financing, if necessary.
at
...
Van Norman Co.—Dividend of 25 Cents—
stock,
Dec.
receivable
accounts
stocks
capital
greater than in
A
/
stock
$3,650,000;
long-term
—V, 159, p.
Sheet,
•
and
Refunable
ronto
Liabilities—$4.50 cumulative
768,170;
profits
;
1943
and
the
1943
Assets—Property, plant, and equipment, $52,918,212; cash, $726,850;
S. Treasury
tax notes, $460,811; accounts receivable (less reserve
$87,494), $1,168,311; merchandise (less reserves of $13,641), $73,-
of
$1.76
:
excess
amount of $839,686 in 1943, $862,465
in 1942.
$638,930 in 1940 for depreciation of holdings
been charged against earnings.
-
and
Accrued
construction
1963,
several
.
The
Federal
1943.
Govt,
S.
"Less
1942
after deducting'expenses of
redeem
costs,
loans.
preferred
$1.91
of
in
U.
—V.
out the
carry
$4,750,000,
company's
interest
bank
of
slightly
was
the
annual
of
amount
price which,
a
portion
$1,140,575
and
Consolidated
19^3.
Year
follows:
as
refunding mortgage bonds, 3%%
panies at
$1.33
refundable
1942
the company had outstanding' bank loans of $4,000,000
ago
as
399,709
"12,766,308
_
______________—-AkiLk$14,410,634
1943
program.
During the past year all bank loans have been retired and
the company's financial position has been
greatly strengthened through
the sale of new stock and
long-term bonds.
The new bonds, desig¬
nated
1940
Cash
■
'
■
Years
1941
$4,514,914
capital
Assets—
102,915
,
•—
charged
was
$9,365
Calendar
$9,886,291
cash—
Liabilities—
$2,066,112
$1,389,924
amount
for
1942
$8,291,794
1,594,497
—_
of
$817,593
______
__________
were
reliably, and no recogni¬
making provision for taxes..
in
Account
$16,699,210 $13,500,995 $15,385,991
1,204,422
1,412,400
1,928,945
outstanding ino par)
Earnings per share on
capital stock
748,551
-
866,389
<
income
this
Of
*
*'
!
'
i.
'
,
■('
end maritime business in 1943
Lauer said.—V. 159, p. 682,
Sheet &
was
44%
i
Tube Co.—Secondary Distribu¬
tion—Clark, Dodge & Co. on Feb. 17 made a secondary
offering of 4,089 shares of series A, 5lk% cumulative
preferred stock (nar S100) at $100 per share. Dealer's
discount $1,50.—V. 159, p. 682.
,
/
.
Westinghouse Air Brake Co.—Annual Report-^'
A. Blackmore, Chairman and
President
reports that
his
Em¬
voluntarily
will
and
Surplus
Other
by
may,
made
refunds
proceedings
$69,339,323 $62,428,773 $54,938,631 $?2,513,454
52,640,112 '48,927,778
39,552,640
24,221,661
profit
Capital
664,716
606,000*;
189,700 V
14,712
income
adjusted,
his- termination of service by the corpo¬
in its employ for five years, or upon his
for
the
war
$17,903,633 $14,913,395 $17,314,936
622,411
692,474
1,621,910
Federal
paid In
Notes
1941
750,318
650,300
conditions——
"The Federal 'income and
will
compensation
been
any
Equity in uncompleted contracts not billed
upon
been
held
war
the
pay
the participating employees.
absolutely in proportion to
participant.
Works
,
by stockholders the corporation may,
each year to trustees,, out of its net
profits before Federal .income and excess profits taxes, for the benefit
of participants, a sum not to exceed 15of the total
annual com¬
but
oper.__
_________
income
sation,
000;
(exclusive
commissions)
employee
and
_____
deductions
refund
against.
compensation
or
Ordnance
by
1943
—_______
operating
$1,050,086;
employ of the! corporation on April 30,
to. participate in the plan, as will every salaried
eligible
are
Net
239;
stockholders, at a special meeting ,held on Feb. 18, approved a
sharing and retirement plan submitted by the management.
of. bonus
Kankakee
$13^,717,555 $12,559,822 $10,897,335
7,913,858
7,612,672
6,514,813
831,633
621,364
547,499
depreciation
war
following appoint¬
United States Plywood Corp.—Plan
Approved—
profit
Operate Kankakee
said, is prompted
R.
Assistant
the
income
plifying
share
per
of
for
Taxes
for
profits"
Income
income
Accrued
net
Loutit,
Vice-President
and
Actuary;
Richard
Rhodebeck, . Vice-President and Director of Agencies; Galen D. Litch¬
field,
Superintendent
of
Agencies,
Latin
American
Division;
and
William
was
__________
—
for
representing
•
United States Life Insurance Co.—Advances Four Of¬
ficers—
V,
ments:
it
——
of
Gross
and
par common stock, payable March 15 to holders of record
Payments during 1943 were as follows: March 15, 15 cents;
15, Sept. 15 and Dec. 15, 20 cents each.—V. 158, p. 2198
**.
1.
and June
Net
only
special meeting
a
<•
completed
Graphite
that
23
an¬
stockholders
the
these
deductions
Accounts
year's
one
Foreign Securities Corp.—Secondary
Wiesenberger & Co., announces Feb.
Feb.
on
Net
Divs.
26,889,409
for oper. charges, deferred'be-
cause
proceeds
United
on
year's cost of
$892,000,
such
486.
p.
&
in
30,371,753
from
for
"After
To
and
surtax——..——.
Excess profits tax__—
Other taxes
Other
like a gift of stockholders' money for;
paid for, rather than payments to encour¬
for a going company." ■
is
its
common
The directors
.
-
t
looks
work
Offering—Arthur
15 that they had
»
.
prices
Note—Provision in the
Feb.
on
company,
Maintenance
an¬
whom have received extremely large
declared Mr. Frey.
"In other words, the
well
32,469,105
revenues
Operation
Prov.
retirement
proposed
a
of
some
plan
already
29.—V.
and
years,"
many
proposed
Feb.
on
■
.
retirement
detriment
officers
annuity
continued
the
,
only
services
the
and
employees,
retirement
age
aggregate
that
seem
disadvantages
will
past
to
company after the distribution of its holdings of the
Delaware Power & Light Corp.
The annuities would be
name of seven officers of the U. G. I.
the
salaries
stock.,,
the first
that
would
——a—
27,869,489
Washington. Gas Light Co. (& Subs.)—Earnings-
the
in
up
opposition
common
charged
proposed
income
set
in
5,831,447
calendar Years—
Operating
by the management of this company was begun
Victor Frey of Philadelphia, Pa., an attorney and
nuities
<
proxies
5,831,447
Normal
Improvement
of
5,831,447
to supply personnelfor other
Government
by the du Font company.—V. 159, p. 775,
sponsored,
22
rubber
Provision
Opposition—
nuity plan
_________
Co.
given!
___________
inc.
State
7,822,200
23,927,460
announced
was
the
to
been
Directors
of
refund
no
result
set
v..';-
earnings
"excess
Inventories
proxy fight against the United
that
he
was
withdrawing from
announced
in the
23,935,440
Rubber
been
income
Prov.
7,436,290
Joliet, 111., one of the largest Government-owner plants
producing
high explosives, will be placed by the War Department under the
and operation of United States Rubber Co. about
April l.
The ordnance plant has been in
charge of E. I. du Pont de Nemours
& Co., Inc.,
under a contract with the War Department.
Transfer
Candidate for Directorship Withdraws—
named
All
be
to
sales—_—__i
Income
management
;
appointment of E. Carey
Kennedy as Assistant to the President, effective Feb. 21.
For
the
past eight years he has been an engineer and financial
analyst for
the Securities and
Exchange Commission.*
K
7,839,586
28,765,416
7,822,200
States
of
Gross
136,888
1,214,883
at
(Del.)—New Official Appointed—
on
136,888
1,085,145
Ordnance Works—
$41,629^168 $38;984,06f:
*11
P
40%,
sales
Net
$2,257,876
4,142,933
2297.
p.
*
$1,847,527
315.
p.
United
11,952,538
4,996,608
.
i___—_____________________________
158,
,
Cost
$109,392,720$107,615l403$103,385,948
159,
It
Total
have
that
renegotiation
1943
1,469,007
23,942,800
—
has
Gross
64,262,313
29,458,507
7,822,200
—.
surplus
32,960
11,952,538
Earned surplus
;
to
1942.
______
2,253
.
—
of
$12,766,307.71
Consolidated
&
Total
20,637,545
^
....
;
the
was
estimated
.
contracts-
on
depl.
______—_________
surplus
$459,832
22,920,049
liability
realized and that
war
only a nominal profit margin.
has been followed throughout 1943, and
K"V "■
of
for
as
of
7,359,992
1,349,081
6,091,99 9
_______
stock
Earned
Reserves
war
provided
anticipated
result
'
considered
tion
1,275,291
10,622,126
1,227,636
taxes—_
for
reserves
Faid-in
'
136,889
profits
depreciation)
preferred stock
l
171,257
Liabilities—
Deferred
been
policy
price reductions
not
the
as
basis
Other
________________
excess
lincl.
1941
63,098,332
!$2,412,137
expenses
Reserves
"32,147,159
$677,110
the
Government, however, will refund to the company after the war
of the excess profits taxes
paid for the years 1942 and 1943.
The company will file claims for reduction
of its excess profits taxes
for 1940 and subsequent
years under the relief provisions of Section
722 of the Internal Revenue
Code.
The amount of
relief that may
be granted,
however, cannot be
'
\
Accounts
$41,629,168 $38,984,061
Accounts payable, including provision for accr.
Est. income & excess
profits tax—Fed. & state
the profits
with
The
$109,392,720$ 107,615,403$ 103,385,948
——
and
1
508,000
62,129,389
1,548,470
_______
Accrued
1
is
had
determination
begining of the
same
it
provision
"surtax"
are
15,154,263
8,932,559
6,112,426
814,000
(gross)______
charges
Common
^
equipment
150,000
'195,975
Act,
connection
The Revenue Act of 1942, which applies to the
years
so-called
"normal"
earnings
at
a
combined
$3,242,956 1
1,027,896
6,964,319
Liabilities—
Income
1,141,455
profits taxes—
excess
and
'
$4,211,248
22,375,860
7,210,646
(net)
<—
507,985
r
Deferred-Charges
in
taxes
31
1942
.
$4,667,505
24,916,936
bonds———
notes receivable
payable
Dividends
payable
34,225,302
Renegotiation
profits taxes for 1943 represents 74%
viding for such taxes. This provision
1942.
statute
1943
'
545,185
_—____________—
contracts,
300,000
91,143
$58,000 in
the
'
governmental
Deferred
1,245,823
__
and
the
made
Income
process
that
securities—..
Inventories':
2,064,966
tax
1943
Federal
„
Accounts and
1,064,179
>
in
■
Government
•
1,861,467
is
The
the
which
several
■
The
authorizing rene¬
of reviewing the company's 1942
effect, if any, of renegotiation for
1943 will be relatively insignificant.
and
150,000
Moore County Carbon Co. notes
Other notes and accounts receivable—,—
Trademarks,
1942
1,268,075
Post-war credit, Federal excess profits
Fixed assets
1942
the
this
Government
Renegotiation
under
believed
is
_
S.
Other
$1,245,892
____
4,184,817
from
basis
a
company,
same
It
Assets—
Plant
1943
;
market
2,392,746
portion of $306,000 in
Department,
Refundable
—__2—1,522,402
Inventories—at lower of cost
Investments
___—.i—
War
years
Cash
$4.47
,
.
$1,299,618
_____
as
547,554
of
1942
excessive profits
no
$7,033,629
547,554
in
10%
31
Dec.
■;
$5,652,316
Comparative Consolidated Balance Sheet, Dec.
$1,780,520
1,193,655
1,193,655 "
$5.15
share—
$5,038,450
__
dividends
gotiation of contracts,
Cr86,800
25,905
—
common
•Assets—
U.
Cr22,000
$2,047,327
paid
4,303,000
terms
Government.
because
the
2,878,000
"4,702,000
$4,514,914, which is equivalent
was
by representatives of the War Department.
At
this review the company was given a statement to
policy
on
also
2,521,000
547,544
2,393,544
for year
dividends _—i,
868,000
__.
278,169
2,503,000
*2,613,000
taxes—
888,000
220,000
profits tax
applic. to minority Interests
cos,
377,246
822,000
State——
tax
the
Inasmuch
128,431
the
sales
on
of
that
due
materials
."V'*'1"
%
■;■
-
$3,478,109
1943
reviewed
effect
company's
1
The
profit in
with
company
were
completion
was
Income
profits
operations.
excess
586,334
$10,318,556 $13,003,748 $14,492,798
______—_
"Less refundable
625,007
645,497'
income
Dividends
;
,
$3,093,232
—,
accordance
the
the
anti¬
profits taxes:
profits
Common
,1942
U.
■Net
and Canadian
taxes
5,834,497
(net)
In
effort
1943;
671,042
before .'taxes———
Estimated income taxes—Federal and
& other inc.
oper.
512,470
164,106
excess
Excess
Net
6,985,136
_
expenses
Income
Post-war
from
$11,394,908 $10,314,859
Selling, admin, and general
Estimated
and
Preferred
1943
net. sales
Net
share.
per
Renegotiation
$12,491,278 $13,906,464
444,346
.
suits^
Income
351.
p.
$9,874,209
___________
Prov. for Fed.
(& Subs.)—Earnings—
Years Ended Dec. 31—
Total
157,
operations
arising from Federal
trust
Blyth & Co., Inc., on Feb. 14 stated that books are still open on their
offering of 20,000 shares of common stock.
At the opening, Feb. 14,
subscriptions in excess of 60% had been received.
The offering price
is $5%
per share,
with a discount of 40 cents to members'of the
United Carbon Co.
from
income
Net prof,
United Artists Theatre Circuit Inc.—Offering—
National
$1,42
1941
from
profits
Expense
,
1942
the
898.
p,
contingencies.
to
1943
of
Net
of
881
operations_______ $12,195,131 $15,162,790 $16,546,371
deprec. .& depletion
/ 2,320,922
2,671,512
2,639,907
for
Arthur
election
the
profits
Prov.
Tobacco & Allied Stocks, Inc.—New Directors—
This
& FINANCIAL CHRONICLE
George
net
sales
company,
as
in
in
1943
1942,
the
were
$69,33^,323, the highest in the history of the
approximately ill %
greater than in
1342.
In
1943,
income deductions include a provision of $500,009 for
and
Youngstown Steel Door Co.—Renegotiation Concluded
The
company
renegotiation
of
reports that the Government recovered $79,224 under
contracts for, the vesr ended Dec. 31. 1942,. of which
033,274 was creditable to Federal • taxes.—V.
158, p,
2298.
.
THE COMMERCIAL &
State and
Monday, February 28, 1944"
'
FINANCIAL CHRONICLE
City Department
BOND PROPOSALS AND NEGOTIATIONS
liams
ALABAMA
whether
to
as
the
State
qualify for reinstatement,
been furnished the New York
could
Alabama
(State of)
"Carpetbag"
$650,000
Redeems
Tucker, State Fi¬
nance Director, stated on Feb. 16
that redemption of so-called "car¬
Bonds—Hayse
petbag" bonds has been made un¬
der a new amortization program
which provides for retirement of
the $9,057,000 debt, dating back
to 1837, by 1956.
The State, it is
said, in
1876 surveyed several
ante-bellum bond issues totaling
about $20,000,000 and decided $9,057,000 were valid.
Except for a
$500,000
principal payment in
1920, only interest was paid until
1939, when the Legislature set up
a sinking fund
of $100,000 annu¬
report
retirement pro¬
The 1943 Legislature, the
said, increased the retire¬
ment
fund
ally for a definite
gram.
$355,000 in 1953,
$380,000 in 1954,
1956,
1958,
1960,
and
maturing Feb. 1, $505,-
$410,000 in 1955, $445,000 in
$455,000 in 1957, $465,000 in
$475,000 in 1959, $485,000 in
$495,000 in 1961, as lJ/2s,
include $1,038,148.54
ing does not
in par value non-interest
Road District
Refunding
$7,500,000 of the ancient debt is
still unpaid.
Apropos of the re¬
payment,
the
Tuscaloosa
"News" of Feb. 16 commented as
bearing
Bonds,
dated Jan. 1, 1934, and
maturing Jan. 1, 1949, Mr. Page
said.
Cash to retire, these bonds
is held in the treasury by law.
Series B,
the first
cal
seven
year
aggregated
$26,148,843,
$30,705,148
from
down
months of the fis¬
in
the
period from July 1, 1942 to Jan.
31, 1943.
Motor vehicle fees and
miscellaneous highway fees were
both
said the first default
Mr. Page
follows:
up
period.
William
Staats Co. of San Francisco.
distribution
for
by
Seal Beach School District (P.
slightly in the latest
Bank and corporation
:
■
Santa
Certificates Not
Calif.
Bond Sale—The
majority of holders accepted the
It has been
000,000 in connection with the refunding bonds.
establishment of a State bank to stated that as late as 1941, when
facilitate the handling of cotton the
refunding
of the
highway
and another $10,000,000 guaran¬
debt
was
accomplished,
there
were still some of the original de¬
teeing certain railroad bonds.
There was a refinancing in 1876 faulted bonds outstanding.
Highway
obligations
are
se¬
when certain of the bonds were
cured by 70% of the first $10,accepted as valid and others re¬
$100,000 school
bonds offered for sale on Feb. 23
partment of Water and Power and
Electric Plant refunding revenue
debt $10,-
a
jected, cutting down the debt to 250,000 of gasoline tax collections
about $9,057,000.
With one ex¬ beginning April 1. During the first
10
months of the present' bond
ception, no payment was made
on
the
bonds
except
for the year gross highway fund collec¬
This
interest
until
1939:
Up to the tions were $11,987,000.29.
covers debt service requirements,
present time the maturity value
of the bonds has been paid many including a call next April 1 for
times over in interest with the redemption of $1,000,000 in par
service sum amounting to $60,- value term series bonds, wkich
has already been made.
000,000.
The obligations are further se¬
Payments of debts that are
cured by a debt service "cushion"
placed against a government or
.
an
individual
become
can
dif¬
a
ficult and overbearing task.
The
$60,000,000 that the State has paid
out
in
State
interest
no
the
was
efforts
That
realized.
to
return
lost
was
which
from
are
now
being made to wipe out the old
debt is a worthy move and the
should
lesson
excessive
that
well
marked
spending
and the
be
debt,
no
matter how prosperous times
may seem
at the moment, bur¬
dens future generations unduly.
plunging
of the State into
fund which must
On Jan. 31, 1943,
this fund had $1,026,117.23 in cash
and $4,406,800 in securities.
An¬
other safety measure is the high¬
way reserve fund, which on the
.same
date had $1,715,606.05, in¬
cluding
$1,407,723.91
set
aside
during
the
bond
year
ending
March 31, 1942, and $256,282.12
during
the
bond
year
ending
March 31, 1943.
,'v.y
Hot
Bond
oort
ARKANSAS
remain not less
than $3,500,000.
Springs, Ark.
Sale—The
bonds
Feb.
$200,000
offered
for
air-
sale
on
18—v.
159, p.
683—were
jointly to the First Na¬
tional Bank, and Leftwich & Ross,
Bonds
May
Be
Restored To
both of Memphis. The next high¬
New York "Legate" List—Bonds
Arkansas
of the State
awarded
(State of)
of Arkansas may be
reinstated to the New York State
Banking Department legal invest¬
ment
list, following
a
period of 10
which such instru¬
ments did not qualify as invest¬
for
ments
New
York
savings
banks,
according to a statement
reported to have been issued re¬
cently by Earl Page, Arkansas
State
view
Treasurer,
of
its
1944.
1963,
Due
Attorney
General
a
copy
by the
Guy
of
the
State's
E.
Wil¬
the W. B. Worthen
Dated Feb. 1,
Feb.
1
in
1947 to
/
Stamps, Ark.
Bonds
held
Voted—At
Feb.
17
an
an
system and
bonds
was
of $29,000
disposal plant
voted.
CALIFORNIA
California (State
Tax Receipts
of)
Decline—Total
re¬
of the State of California
general fund from July 1, 1943 to
ceipts
on
were
Feb.
of
bonds.
F,
lows:
1944 offered for
159, p. 777—
to
a
syndicate
and
1, as fol-
Due March
$51,000 in 1946 to 1949,
$50,000
in
1950 to 1954.
Act of
Authorized by Special
the Legislature approved Feb.
Securities
23, 1943. Bonds will be ready
Corp., of Pittsburgh; Drexel &
for
delivery
on
or
about
Co., of Philadelphia; Harris, Hall
March 10, 1944, with accrued
& Co., of Chicago, and consisting
interest to date of delivery. of John Nuveen & Co., of Chi¬
.450,000 interceptor bonds.
Due
cago; Glore, Forgan & Co., Coffin
March 1, as follows: $30,000
& Burr, both of New York; Equi¬
in 1945 to 1949,
$25,000 in
table
Securities
Corp., ... A. yG.
1950 to 1954, $20,000 in 1955
Becker & Co., Bear, Stearns
&
to 1959, and $15,000 in 1960
Co., both of New York; Braun,
to 1964. Authorized by Chap¬
Bosworth & Co., C. F. Childs &
ter 142 of the 1939 CumulaCo., Paul H. Davis & Co., both of
Chicago; Milwaukee Co., of Mil¬ !tive Supplement to the Gen¬
eral
Statutes of the
State.
waukee; Yarnall & Co., of Phila¬
Bonds will be. ready for de¬
delphia; First Cleveland Corp., of
livery on or about March 14,
Cleveland; H. M. Byllesby & Co.,
1944, payment to be made
of Chicago;''R. L. Day & Co., of
with accrued interest to date
New York; Hawley, Sheppard &
of delivery.'
y
*
Co., of Cleveland; Laurence M.
Marks & Co., of New York; Blair,
Dated March 1, 1944/Denomin¬
Bonner & Co., of Chicago; R. S. ation $1,000. Bidder to name one
Dickson & Co., of Charlotte; E. F. rate of interest. Principal and in¬
Hutton
&
Co.,
Carl M. Loeb terest payable in lawful money
Rhoades
&
Co., both of7 New at the City Treasurer's office. No
York;
Ohio Co., of Columbus; bid will be accepted for less than
G. H. Walker & Co., of St. Louis; par and accrued interest to date
Biddle, Whelen & Co., of Phila¬ of delivery/ The bonds are regisdelphia; Fahey, Clark & Co., of terable as to principal only. Rids
Cleveland; Gruntal & Co., Ira must be submitted for all of the
Haupt & Co., both of New York; bonds offered and award will be
headed
by
the Mellon
.
1
,
revenue certificates
22—v. 159, p. 777—V
3%
offered
Feb.
were
Mr. Evans also
with complete ap¬
sold.
not
advises
that
proval of all interested parties the|
county will readvertise the cer- 'd
tificates setting forth exact amount
and call date.
Fort Pierce
Port District (P.
O. Fort
Pierce), Fla.
Contract—
£
Recently the district entered into
a contract with Thomas M. Cook
-
District Enters Into
Co., of West Palm Beach, for
refunding $1,858,000 bonded debt..
Under terms of the contract, the
&
debt will draw an average
rate
of
of
the
from
interest
3.5286% over the period
new
bond issue, ranging
21/2%
the first year's ma¬
on
3% on the next'
maturities of $36,000
turities of $35,000,
'
24—v.
awarded
Series
$85,000
years'
$39,000
four
a year, 3Vz% on the:
1950-1968 maturities ranging from'
to
$41,000 to $92,0001 and totaling.
$1,265,000 for the period; and"
3.75% on the $400,000 bonds thenremaining, which latter bonds
be callable starting in 1949.
interest
Total
under
the
will*
new
the en- '<
tire period of the bonds as set up,*
will be $1,129,307.50 as compared ;
with $2,462,210 under the present
set-up, an interest saving of $1,332,902.50. The new interest rates'
replace rates on the present out¬
standing indebtedness of the dis-,
trict now 4%, jumping to 5% in.'
refunding program, over
in 1952 for the; ^
until the debt was;
6%
1947
and
next
15 years
to
supposed to have been
completely
/y'
paid off.
'
"
:
-
,
Robert Hawkins &
Co., of Boston;
Kebbon, McCormick & Co., Mul-
made to the bidder whose bid for
all of the bonds
shall be deemed
'
The Cook Company
$18,500
by
is to be paid'
the district for han¬
dling the refunding program and'
in addition is to pay its own at¬
torney
for
validation and. othery
charges.
The firm posted a $10,000
check
to
guarantee . com¬
/
pliance with terms of the contract,
includihg the exchange of at least-
$500,000 worth of the new bonds
within three months from" valida¬
tion and placement in escrow and
the entire issue within one year.
The Cook Company guarantees to
1
-
Ross & Co., both of Chi¬ highest and best. The bonds will purchase all of the bonds at par, 1
Ryan, Sutherland & Co., of be payable as "to both principal net to the district that it is un-.
Toledo; H. V. Sattley & Cb., of and interest from ad valorem able to exchange.
Detroit; Allison-Williams Co., of taxes which may be levied with¬
y Commissioners received the re-;
Minneapolis; Ames, Emerich & out' limit as to rate or amount
funding proposals in closed ses- :
Co., Barcus, Kindred & Co., Far- except as to certain classes of
sion after engaging in a general:
well, Chapman & Co., all of Chi¬ property such as classified tim¬
discussion of the/ refunding pro-lands taxable at a limited
cago; Foster & Marshall, of Seat¬ ber
posal with bond representatives,,
tle; Miller, Kenower & Co., of De¬ rate. ^ The purchaser will be fur¬
city officials and others, y Pro- ■' k
troit; Newburger & Hano, of New nished with a certificate from the
posals were submitted by two;
York; Thomas & Co., of Pitts¬ Tax Assessor certifying that there other firms, one of which was
burgh, and Tripp & Co., of New are no such classes of property
"Sullivan, Nelson & Goss, also of.
York, at a price of 100.011, a net within the City on the Grand West Palm Beach. This proposal,'
interest cost of 1.775%, as follows: List of 1942. The bonds will be
it was stated, called for total in-:,
For $2,270,000 maturing Feb.
1, prepared under the supervision of terest requirements of $1,227,000
Bridgeport-City
Trust Co.,
$250,000 in 1945, $255,000 in 1946, the
to service the debt only through.
$260,000 in 1947, $265,000 in 1948, Bridgeport, and they will certify 1973 on a set-up which would
$285,000 in 1949, $310,000 in 1950, as to genuineness of the signa¬ have left
$750,000 then still'out- ,
tures of the officials and the seal
$315,000 in 1951, $330,000 in 1952,
standing;
and
for
a
handling
as 3V2S, $3,965,000 maturing Feb. 1, impressed on the bonds. The pur¬
laney,
cago;
-
.
.
election
issue
sewer
10-year re¬
paying record
full^faith and credit in¬
debtedness,1 ^alsb
opinion prepared
on
inch;';.;yVy
A
Arkansas'
was
Co, of Little Rock.
during
years
on
est bidder
issue
bonds,
sale
refunding,
$454,000
SoldGeorge'
Clerk Board of CountyCommissioners, advises that the
E. Evans,
Bond Sale—The $15,000,000 De¬
when the State went in
!
•
,
Ana), Orange County^ '
■
plan after
assent to the refunding
(P. O. Gaines«
ville), Fla.
O.
'
about 1837
;
FLORIDA
Alachua County:
—v. 159, p. 683—were awarded to
State
obligations
occurred franchise and income taxes were
of Alabama is in fine, on
the Bank
of America
National
sound financial state but it will when the State failed to meet up to $30,833,686 from $21,037,054,
and
unemployment
insurance Trust & Savings Association of
take 12 more years of the "pros¬ principal and interest payments
Santa Ana.
Dated Feb. 1, 1944.
district taxes were up ^$94,925,066 from
perity" experienced by the State bn : road ^improvement
Denomination $1,000. Due on Feb.
maturing
Aug.
1, 1932. $74,476,915.
treasury in the last year to pay bonds
1 as follows: $5,000 in 1945 to 1954,
The State's post-war employ¬
off debts that by then will be 119 Other defaults followed.
and $10,000 in 1955 to 1959. The
The refunding
of the State's ment reserve fund totaled $19,years old.
'
next
highest bidder was Blyth
State Finance Director Hayse highway
Most of the
debt was worked out 854,787 on Jan. 31.
& Co.
revenues
were
derived
1934 Act and restored fund's
Tucker has just paid off $650,000 under a
on
the principal of these debts the State to a current basis as of from the retail sales and use tax.
CONNECTICUT
However, During the first seven months of
which were incurred
107 years Jan. 1 of that year.
fiscal
under rulings of the New York the
Bridgeport, Conn.
year,
$282,290
was
ago, but there still remains ap¬
Bond Offering—Perry W. Rodproximately $7,500,000 of these State Attorney-General, it is pos¬ spent from the fund for surveys
old bonds outstanding.
sible, reports say, that the ques¬ and plans for post-war construc¬ nfan, City Comptroller* will re¬
•}.:
Although they are commonly tion of •„ the actual date of the tion. Assets of the fund now in¬ ceive
sealed
bids
until
noon
referred to as "carpetbag" bonds, curing of the last of the Arkansas clude $15,000,000 of bond invest¬ (EWT) on March 1 for the pur¬
in
default
may
depend ments at par.
Tucker points out that the desig¬ bonds
chase of the following $904,000
nation is erroneous.
Most of them upon the extent to which some
not to exceed 2% general obliga¬
Los Angeles, Calif. '
date back to the 1830's and the holders of the old debt resisted
tion bonds:
to
(
R.
,lv The State
of them
Gray,
Best,
.
cent
majority
furnished with the'
chaser will be
favorable opinion of Ropes,
Coolidge & Rugg, of Bos¬
has
ton. Bonds will be delivered free
body, in accordance with the lat- Harry B. Riley, State Controller,
of charge in New York City. In
ter's request, it was said.
A new reported. • Kthe event that prior to the delivTotal
disbursements
for
the $8,765,000
legal list for New York State is
000
in
1962,
$515,000 in 1963, ery of the bonds, the income resame periods are $127,716,294 and
being prepared for release
on
ceived by private holders from,
Aid to $525,000 in 1964, $535,000 in 1965,
July 1.
Arkansas was removed $95,673,828, respectively.
bonds of the same general type.
$550,000 in 1966, $560,000 in 1967,
from the list Dec. 1, 1933, as a needy aged jumped from $9,918,and character shall be taxable by.
860 in the 1942-43 period to $26,- $570,000 in 1968, $585,000 in 1969,
result of default in the previous
the terms of any Federal income$595,000 in 1970, $605,000 in 1971,
year.
The report on outstanding 403,232, and total educational ap¬
tax
law, the successful bidder.
$620,000 in 1972, $630,000 in 1973,
indebtedness,
prepared by Mr. portionments were up.
may, at his election, be relieved
As of Jan. 31, the general fund $645,000 in 1974, $665,000 in 1975,
Page's office, disclosed that the
of his obligations under the con-'
cash excess totaled $110,031,707, and
$670,000 in 1976, as l%s.
State's direct bonded debt aggre¬
tract to purchase the bonds, and
Due Feb. 1,
compared with $76,488,781 on Jan. Dated Feb. 1, 1944.
gated $142,150,566 on Feb. 11 last,
in such case the deposit accom-."
,
•
• •
"
31, 1943. In addition to the latest 1945 to 1976.
and set forth the manner in which
panying his bid will be returned.:
Chart Published On Dewap Is¬
figure,
$25,000,000
was
appro¬
indebtedness es secured.
Of the
Enclose a certified check for 2%
priated from the general fund and sues—A schedule of call prices on
total, 94% is made up of highway
of the face value of the bonds bid,
set aside in the war catastrophe
various issues of Los Angeles De¬
obligations amounting to $133,for, payable to the City Treas¬
reserve fund.
:•
partment of Water and Power urer.
1
542,000.
Net gasoline taxes received in Revenue bonds has been prepared
The list of securities outstand¬
approximately
and
31, 1944, amounted to $153,515,375, down from $158,301,209
iri the similar preceding period,
Jan.
Volume
charge
•
of
"district's
The
■
Number 4259
159
$31,550,
including
THE COMMERCIAL & FINANCIAL CHRONICLE
The
the
approving opinion of Giles J.
Patterson, of Jacksonville, to the
attorney fees.
effect
other
proposal came by
telegraph from Churchill, Sims &
•rate
■
1056, 1073, 1074, 1091, 1144, 1244,
1262, 1323, 1334, 1392, 1416, 1450,
1461, 1473,1510, 1537, 1549.
Payment
of
the
principal
valid
are
legally binding obligations of
the
State
of
an
interest
average
3.75%
and
amortizing in
Judge Williams and
Henry M. Jones, Assistant State
Attorney, were at the hearing. If
■:the court procedure is
successful,
the
j
Both
bonds
will
be
refunded
0 the Crummer Company.
'•
•.;• jl'?;•'"
v.--:••
#
amount
connection
ders
Feb.
on
value
with
bonds,
Board.
date of election to submit to
jthe
voters
issue
an
of
$920,000
bonds to finance the. purchase of
'the
Bayshore Golf Course.. The
Council has also discussed the pos¬
sibility of submitting to the voters
j
..at the
and
time
same
sewer
ten-;
said
bonds
so
called
$5,000.
City
at
—
•retary,
State Board
and
Owners
.
said
First
;
at his office in
10/a.m.
of I the
"chase
*1944
XiX
bonds:
district No.
*
.
t
special
11
'pal
and
ville.
National
Bonds
bear
to
at
>
the
Bank, jJacksoninterest: ex¬
pressed in multiples of lk
! at
3%
who
when
will
sold
to
the- bidder
the;:..highest
price
'therefor, the Board reserving the
.exclusive and unqualified right
pay
to determine who is the best bid¬
der and to
reject
and all bids.
any
'
The
of
payment
'the
interest
cured
by
bonds
said
thereon
will
be
and
se¬
pledge : of' the full
faith, credit and taxing power of
the above Districts, and an addi¬
tional pledge of the Districts' dis¬
a
tributive
share
cents per
line
of
gallon
other
tax
a
of
tion
Article
of
IX
of the
Constitu-
the
State, by the terms
the Legislature of the
:
of
;t
State is required to continue
which
;levy of said tax for
a
the
period of
50 years from Jan.
1, 1943, and is
prohibited from withdrawing the
.proceeds thereof from the opera¬
•
tion of said constitutional provis¬
ion during said period. The bonds
(.will
be
whose
•
ceases
on
' 4
•"
_/
are
ture
call date.
will
be
Unemployment
to
1.50%
until
to
rate
of
provided
The
Fund, Reported
x
to rate
as
These bonds
for
payment
by
lot
at
in
awarded
bid
the
to
produces
the
v;
Comparative i State
bidder
lowest
considered
as
deductible
oractical elimination of jobless in
the Savannaharea. .Benefit pay¬
ments
.dropped i nearly; 98%
Savannah and 88%
in 1943.
\ ■
In-.Gwinnett
•1944.
'and
Said
sold
bonds
by
the
will
State
be
wards 94%
tory
Board
of
•Administration, a body corporate
•composed of the Governor, Comptroller and Treasurer of the State,
•created
by and
existing under
'
-Section
16
Constitution
•pursuant
to
of
Article
of
the
IX
of
'
were
$13,783,
as
compared to $71,273 in 1942.
Unemployment
benefit
pay¬
ments to the combined Fulton and
DeKalb
Counties
decreased
79%
—going from $1,320,528 in 1942 to
$351,730 last year.
'
"
to be
for
Call
Bridge
liams
resolution
ance
with
ticle
II
of
securing
the
the
that
in
provisions
the
Cairo
Ray
Trust
Wil¬
accord¬
of
Ar¬
Indenture
outstanding
2%%,
Cairo
Bridge
Commission,
111.,
Toll Bridge Revenue bonds, dated
March, 1, 1941, maturing April 1,
on any
interest
pay¬
Cairo,
Kentucky
Illinois-Wickliffe,
Bridge,
as
$30,000",
The bonds called
re¬
solution
-
.
-'
Feb..l, 1944.
follows:
as
airport
Stuart
offered
the
vestment
0.40%
to
&
bonds
at
land
XX
are
prices
Co.,
for
to
Inc.,
re-
public
in¬
yield from
1.15%, according to
$25,000
bonds
to
ma¬
To
G.
Redeem
Hudson,
Treasurer, an¬
nounces that the
city has elected
to
redeem
on
March
15,
1944,
$50,000
water
fund
certificates
Nos.
71
to
Nos. 81
to
80, due Sept. 15,
95, due Sept. 15,
1947.
The
tificates
nois
holders
are
to
at
the
National
of
v.
Int. Rate
D.
Beh
cer¬
Bank
&
Illi¬
Trust
Co.,
Chicago.
INDIANA
Marion
Warrant
Moore,
ceive
Offering
Ralph
County Auditor, will
—
sealed bids until
10
a.m.
Moines
&
National *■.
Trust
Co.,
Bank,
F.
Continued
over
curtail¬
manu¬
claims
(claims filed
crease,
with new claims rising
from 1,265 in November to
in
1,488
of 17.6%.
9,257 continued claims
December,
There
were
Also
the
jump
a
Harlan
■
•
101.14
1;
Defeated
•
XXX XX X
l'/i
Marshalltown,
'
xi''• X •-'.
Iowa
.
Clerk, advises that
the election held recently result¬
ed
in
defeat
the
the
of
$115,000
airport and equipment bonds.
Stuart School District, Iowa
wilh be
held
March
on
13 to vote
$20,000 gymnasium bonds, it is
ported. ' -
re¬
increase
ing
number
Louisville
$15,964.
the
were
.
Moves
to
Chairman
Hardin,
County Board of Edu¬
cation, calls for payment on April
1, 1944, all outstanding bonds Nos.
7
to
50, to the amount of $44,000,
part of an issue of $48,000, dated
Dec. 1, 1944.
Said bonds, with
unmatured
all
should
at
be
the
presented for payment
First
Russell.
date.-
attached,
coupons
and
Peoples'
Interest
ceases
Bank,
call
on
■'
Bond
County Court Clerk, will receive
sealed
bids
until
1:30
p.m.
on
March 7 for the purchase of $51,000 school building revenue re¬
bonds.
Dated
Denom. $1,000.
April 1,
Due Oct. 1.
follows:
.153,000 in 1944 and
1945, $4,000 in 1946, $3,000 in 1947
and 1948, $4,000 in 1949, $3,000 in
as
1950
and
1951,
in 1952,
1955, $4,000 in
1956, $3,000 in 1957 and 1958, and
$2,000 in 1959.
Subject to re¬
demption
in inverse numerical
$3,000
in
1953
$4,000
to
after April
1, 1949, at
thereof
Bonds
in
Nos.
advance
1
to
at the rate of 3%
par
year or
33
of
on
plus
fraction
maturity.
bear
interest
per annum
Modern
agreement with the local street
railway
company under which the
company must
excess
of
7%
apply earnings in
toward replacing
worth
conditions
of
of
obsolete
will
agreement
as
car
quickly
permit.
is in the form
supplemental contract to the
a
which
contract
allowed
of
the
May,
1941,
to
obsolete
company
amortize
$3,000,000 of
equipment if it could earn enough
to do so by 1961,
according to in¬
formation to the International City
Managers Association.
•
:
Wartime
travel
boomed
the
company's income well over the
7% permitted rate of earnings pro¬
vided in the
original contract, but
priorities have prevented modern¬
ization.
County (P. O. Clinton),
-X Ky.
Offering—R. E. Tooms,
;:XXV'>•; ■'
■
Assure
equipment
improvements
firsthand reduced fares later, the
City of Louisville has entered into
franchise
Warren
who
Closely follow¬
Lexington area,
sary
as
Ky.
Call
pay¬
Bus Service—To guarantee neces¬
The
Bond
of
area,
.sLouisville, Ky.
.
City
$3,000,000
KENTUCKY
was
each
unemployed work¬
lines with modern buses
Greenup County (P. O. Greenup),
of
where $13,461 was disbursed and
the Paducah area, with total
pay¬
ments of $13,204.
an
Election Scheduled—An election
the
received
Mc-.
City
greatest
in
ers
X'XX
Anne
—
an
amount
ments went to
'.
»/a XX 102.54
•
—
Mahon,
'
>
;-V
Bonds
showing
average
check, which rose from
November's previous high of $9.50
to December's
$9.82.
102.58
and
1
National
Shelby County State Bank,
% of 1 % for each
on
10.6%
were up
for each week of
unemployment)
also showed a
corresponding in¬
Des
Moines
Harlan
or
re¬
$71,723,
types of
102.60
order at any interest date due
County (P. O. India¬
napolis), Ind.
a
facturing resulting in temporary
shutdowns, the report added.
Price
Co
l>/2%
Cummins—i Va
&
Bank
1944.
said
at
ment of production in some
plants
and shifts to other
The
Bidder—
funding
Continental
taled
other bidders:
Carleton
1944;
present them for
increased
$1,000,000
weekly
159,
p. 778, L. B. Billings, City Clerk,
submits the following list of the
1945;
Nos. 96 to 111, due Sept.
15, 1946,
and Nos. 112 to
120, due Sept. 15,
certified
a
filed in December.
Certificates—Fred
City
fund
over
port of which appeared in
.
on-
dollar paid out the Commission
collected $14.40, it reported.
December payments, which to¬
are
turity.
numbered
784, 799, 800, 845, 853. 857, 906,
983, 1009, 1027, 1031, 1053,
purchase
taxation
November, mainly due to
connec¬
of the
of
Paine, Webber, Jackson & Curtis,
of Chicago, as
DAs, at a price of
101.08, a basis of about 1.057%, re¬
in
Bonds Offered for Investment—
Halsey,
sale
Kentucky ad
delivery to the
payments during 1943
$860,042, an avearge of
$71,670 a month, while collections
averaged $1,104,076 monthly, the
report showed.
Thus, for each
scheduled
Details—In
the
Due
$7,000
Interest payable F-A.
aggregating
follows:
936,
17
1945, $12,000 in 1946) to 1949, $13,in
1950
to
1954, $14,000 in
1955 to 1959 and
$15,000 in 1960
to
1963.
Legality approved by
Chapman & Cutler of Chicago.
are called for payment on
'
i
1,
of
the
tional
i.tn
Dated
Dec.
payment
April 1, 1944.
may be had for a. more
detailed description of said bonds.
lli
1.085%.
Sale
their
Jobless
13, it is stated.
with
Hickman
Commission
announces
Feb.
election
an
Harlan, Iowa
tion
Harvey, III.
Chairman
—
on
date
or
income
totaled
loss
a
to
Halsey, Stuart
&. Co. of Chicago, as 1.10s, at a
price of 100.123, a basis of about
Bridge Commission, III.
•duly adopted by said Board, and
will be validated by judicial decree.
Reference to said Constitu¬
provision, statutes and
awarded
by
building bonds.
iowa -Des
bonds offered for sale
caused
to submit to the
issue of $125,000 memo¬
an
Wheelock
Decatur Park District, III.
Bond Sale—The $250,000
airport
City
election
voters
on
City;
The
—
placed in circulation calling
an
rial
1960
years
Sx-xIfS
have
to
bonds not being sub¬
Federal
to
monthly
during 1943 and on Jan. 1, this
year, stood at $64,630,251, it was
revealed on Feb. 3 in the
monthly
report of the State's Unemploy¬
ment Compensation Commission.
Grinnel, Iowa
1959
Mullaney, Ross &
Co., Chicago, and Piper, Jaffray &
Hopwood, Minneapolis.
on
at
said
on
insurance
Proposed Election—Petitions
Webster
ILLINOIS
Bond
to
optional
000
Cobb; Cdunty,: home of the Bell
Payments in 1943
Kansas
ing
State, and
applicable stata
X
&
ment date prior to maturity, that
bonds of this issue for construct¬
the
'utes of the State and
•
1946
are
of
revenue.
for March
par
and
Blodget,
Republic Co., Inc.,
E. H. Rollins & Sons,
Inc., Hemp¬
hill, Noyes & Co., Otis & Co., Inc.,
Ftrst of Michigan Corp., Eldredge
&. Co., Inc., Braun, Bosworth &
Go,. Inc., Stern Brothers & Co.,
"
tax
Bond
Central
were
un¬
Bomber plant, saw, its unemploy¬
ment benefits drop 81% last year.
1956, callable'
the
where
in 1943 when the fac¬
reopened.>
was
Cairo
issued
N
County j
Stone
Inc.,
a
mitted
Halsey, Stuart &
Co., the syndicate included: Blair
& Co., Inc., Phelps, Fenn &
Co.,
in
employment shot upwards in 1942
because Of closing of the big shoe
factory, .the benefits sank./dowhr
in
determining the net interest
cost, interest will be computed to
the maturity date from April 1,
.
at Brunswick
'
-determining the net interest cost.
•In
.,
years
Board
forms.
Kentucky (State of)
Unemployment Fund
Reaches
$64,000,000 — Kentucky's jobless
Decorah, Iowa
In addition to
other States' figures are available
interest cost after deducting the
premium offered, if any, will not
.be
totals,; last
v
the
Sept. 1 of each of the
to 1963 inclusive. >
Oct.l-4rther iast date for which
Georgia X leading • the
Southeast
with $49,363,078,
and
Alabama second, with $44,519,191;
Other States included: Tennessee,f;
$42,950,257;. Florida, $29,102,915;
South, Carolina, $25,951,997,
and,
Mississippi, ,$13,480,989..
\
•
X
>X The effect of the
shipbuilding
activities; oh Geotgi^'s coastal un-_
employment was shown by the
of
inclusive; $180,000
the
bid
Bond Election—The issuance of
value thereof and accrued interest
each
of
$15,000 playground site and school
improvement bonds will be sub¬
Southeast, State Labor Com-: on .the date that they
severally
missiOner, Ben'T. Huiet reveals.»> become optional or on
any inter¬
for post-war unemployment
deficit
said
bonds
the
the
Authorized
is
amount,
or
3%
warrants
10VVA
cover
subject to call
are
for
the
bond
purchaser.
Enclose
check for $1,000.
passed a
resolution authorizing the issuance
of $3,600.79
refunding bonds, to
the
ior /a ireasohable; tifne.%''x X
of
property therein without
limitation
check
value
Bonds
dated March 1, 1944, and ma¬
March 1, 1964, and in the
taxable
Pi&ak-^Faqed with the approach
of ■ fecorivefsioii ; fromXyw
certified
Council
the. Park District, payable from ad
valorem taxes levied against all
at
The
and
are to be sold
subject
principal of and the inter¬
of
law.
pursuant
through 162.280
bonds
the
as
Issued
Louisville,
the
est
Bettendorf, Iowa
optional date,
llk% there¬
redeemed.
con¬
or
WW'M-:
opinion of counsel, constitute valid
and legally binding obligations of
•
• *
Georgia (State of)
two
sales of gaso¬
on
like
products of
petroleum accruing under Section
or
>16 of
;
payment at the
Bank of Gaines¬
—showed'
or one-
'tenth of 1%, at the lowest rate
jyXpbtainable £wfeen sold at par, or
1
bid
rate
recently completed
Drive, the bankers
bonds to yield from
coupon
after
M-; | XX XilaEO RGIA ■
care\
Denom.
interest ..payable
Florida
t
and
dicted this would be sufficient to
bonds.
X1944.
1,
'$1,000.'Due April 1, 1951. Princi-
'
of
upon,
payable to
Commissioners.
,
district No.
Dated ; April
/
forms
of
valorem
par
.
x;-:"
of the
Kentucky Revised
Statutes.
County will furnish the ap¬
ject
a
after
6 bonds.* /.
At the beginning of the new. est payment date thereafter
upon
road and bridge
•
year, Georgia had $52,828,489 on 30 days' published notice.
district No; 3 bonds. xX
$185,20,000 special road and- bridge hand, Huiet said recenty. He pre¬ 000 are optional on Sept. 1 of
2Q,00Q
•
>
0.75%
est unemployment reserve fund in
^$30,000; special road and; bridge
annum.
proving opinion of Stites & Stites,
to
the
the
The
opinion as to the
validity of said warrants shall be
furnished by the bidder. Enclose
Loan
priced
in de¬
following, '$7Q,000refunding
Series peace, Georgia has built the great¬
SBA
coupon
National
bids
p.ur-
for
,.
Tallahassee^ until'
March 7, for the
on
•
ville. Interest
Adminis¬
sealed
bonds:
to
Fourth
upon
The
by
Chicago Park
erence
notified to present
are
and
considered.
davit of non-collusion
sale
/
Series B, Nos. 4. and>13,
nomination of $500,
Lee, Sec-
of
tration, will receive,
on
Series A, Nos. 70, 74; 77, 85, 111
and
114,
in
denomination
of
-
from
be
to sections 162.150
sidered and no alteration shall be
made in the form prescribed. Bids
must be accompanied
by an affi¬
refunding bonds of 1944, which
were acquired by the
group at a
held by the district on Jan.
25—v. 159, p. 490,
In the reoffering, which was delayed in def¬
January 4, are
called for. payment on April 14,
1944, at par and accrued interest:
,,
Bond Offering:—J..M.
■
:
made
other
formal public
offering on Feb. 23
of the $3,310,000
1%% series J
1942( drawn by lot
meeting
a
v
water), Fla.
'•
^
■X
be
must
Commissioners without
additions,
interlineations or erasures and no
District, III.
Halsey, Stuart Group Reoffer
Bonds—A
syndicate headed by
Halsey, Stuart & Co., Inc., made
Council King re¬
following refund¬
that: the
ing bonds of
•
Bridge Districts (P. O. Clear-::
\
.
Bids
the form provided by the Auditor
and approved by the Board of
April 1, 1944.
of $10,000 par
rejected by the ;/
15,
was
Williston, Fla.
Redemption X Notice
$1,000.
issue of water
an
system bonds.
'Pinellas County Special Road
,
of
accrue
for
call
*
.X'X
ports
the
-
tive
per
103%
of
President
Plan Election—The City Council
:recently fixed April 4 as a tenta¬
bear interest
fice.
Bond
*•}.
;•;r>-:- ;s<
51
3Vi%
said Districts
by
^.XXX'XX;-;. Miami Beach, Fla.
to
of
tion, acting for and
'
..
34
rate
No bid for less than
March
-
:<1978.
the
principal amount of the bonds will
over-all
an
bonds Nos.
at
15,
1944.
Denomination
Due June 15, 1944.
Pay¬
able at the County Treasurer's of¬
Administra¬
of
Board
•
.
March 1 for the purchase of
$325,000 not to exceed 5% general fund
tax anticipation warrants.
Dated
for redemption, together with a
on behalf of
and, if requested, a premium of 2%% on such prin¬
cipal amount, will be made on or
copy of the transcript of the pro¬
handling charge of $37,000.
r' <
ceedings involved will be deliv¬ after April 1, 1944, on surrender
Key West, Fla. (;XXAXA;-', ered to the purchasers
of said bonds in
of said
negotiable form
Plan to Refund Bonds—Accord¬ bonds, without charge. Enclose
a( accompanied by October 1, 1944
check
for
ing to press reports a hearing has certified
2%
of the and subsequent coupons at the
been held on a petition of the city bonds
bid
for, payable to the: principal office of the Chemical
ito refund $581,498 of its bonded State Board of Administration, n Bank
and
Trust
Company, 165
indebtedness. The bonds now bear
Broadway,
in
the
Borough of
St. Lucie Inlet District and Port j
•interest at 5 and 6%, but, under
Manhattan, City of New York.
Xt'X-X/ Authority, Fla.
\ .v. X
the refunding
Coupons maturing April 1, 1944
plan, the interest
Tender
Rejected—J. R. Pom.will be reduced to a flat 4%. The
will be paid on presentation and
eroy, Clerk, Board of Commission¬
bonds
will
be
surrender of such coupons.
issued
serially,
••.'some of them payable every year, ers, advises that the only tender,
Interest
on
said
bonds
shall
received, at 103.50 plus interest, in cease to
•the last of them
/refunding at
,
bonds
such
and
Co., Inc., New York, and proposed
■
that
£83
Rather than demand that
profits be returned to the
excess
pilblic in the form of lower fares,
supplemental contract pro¬
the
vides
that
earnings in excess of
during 1943 and 1944 be
applied toward prepayment of the
cost of abandoning obsolete car
the
7%
lines
and
purchasing
modern
equipment later.
By the end of 1943 the company
already had set aside approxi¬
mately $1,000,000, which included
the $235,620 the company earned
in
excess
of its 7% base rate from
May
1, 1941 to Dec. 31, 1942
(earnings from a legally closed
period which the company /volun¬
tarily agreed to contribute), and
an
estimated
excess
$825,000 earned in
of the base rate for 1943.
Further
agreements
regarding
the treatment of income tax sav¬
and ings
,
which the railway company
THE COMMERCIAL &
884
abandoning the ob¬
solete property, and also for the
payment of interest by the com¬
Mr.
will make by
.
prepayments, brings
the estimated required allocation
of funds up to some $3,000,000 or
more
approximately the book
value of the property required to
be abandoned by the original con¬
upon
pany
—
tract of May,
On
the
1941.
basis of the
agreement,
advised
the
MICHIGAN
Com¬
make no more pay¬ Lake Township School District No.Z
ments until the law under which
(P. O. St. Clair Shores), Mich.
bonds were issued to improve and
Bond Offering —W. H. Goodextend the light and water sys¬
Willie, Secretary of the Board o.<
tems was clarified by legislation
Education, will receive sealed bidi
or a court of competent jurisdic¬
until 8 p.m. (EWT) on Feb. 28
tion authorized the practice. The
for the purchase of $405,000 cou¬
pending legislation was the result
of
Mr.
'/•:
the next
,few years, possibly, by
1945 or
1946, the entire amount of obso¬
lete property will be written off
—15 or
16 years in advance of
1961, the date called for in the
it is
Miller
mission
to
MASSACHUSETTS
probable that within
pon
Miller's opinion.
;"■ Vlii;. v'JV
Brockton, Mass.
refunding of 1944 bonds. Dated
Denomination $1,-
March 1, 1944.
000.
J|||
*
Due
$10,000 in
1
in
1947 to
on
Monday, February 28,
FINANCIAL CHRONICLE
May
1,
as
follows:
1945 and 1946, $15,000
1953, $20,000 in 1954 to
urged to do so, as they will be
allotted the maturities which they
designate
if
such
procedure
is
18 that
the Memphis
cannot
Co.
on
business.
Michigan (State of)
Sales
Tax
Cut
Inflated
Land
Values—"The wringer" which the
1939 to wring out
mcollectible taxes and get real
xstate back on the tax rolls in
Itate set up in
private hands has squeezed $60,100,000
of inflated values out of
161,024 pieces of property, a re¬
port from the State Land Board
Jan.
Natural Gas
by Missis¬
any
of its interstate
The Chancellor is re¬
V. J. Strieker in Jackson on
sippi
possible.
1944
be
taxed
ported as basing his opinion on
the Federal constitution provision
that
shall
Congress
"the
have
to regulate commerce with
foreign nations and amopg the
several States."
' "
::V-;.V;
power
only $65,000 in in¬
Memphis Natural
Gas suit, about a quarter of a
million dollars is involved in sim¬
Although
volved
in
the
$500,000 notes 1959, $25,000 in 1960 to 1965 and
ilar gas line cases.
Bonds maturing Indicated on Jan. 31.
Two gas pipe¬
offered for sale on Feb. 24 were $10,000 in 1966.
The Land Board said that it had line
companies which have lines
awarded
to the Merchants Na¬ in 1945 to 1962 will not be sub¬
ject to redemption prior to ma¬ received 590,188 parcels of prop¬ through
the State are paying
tional Bank of Boston at 0.38%
original contract.
■
-: discount.- Dated Feb. 25, 1944. Due turity. Bonds maturing in 1963 erty assessed at $160,834,000 from about $10,000 a year in Mississippi
to 1966 will be subject to redemp¬
persons
who
didn't pay their income taxes on a formula worked
Thus, by choosing to utilize the Nov. 9, 1944.
* " '
gg
tion in inverse numerical order taxes and had sold, altogether, out by the Mississippi Tax Com¬
present large earnings of the rail¬
ChelseMass.
at par plus accrued interest, on 461,024
parcels of property for mission and the companies. Two
way—which are due to wartime
Note Sale—The $600,000 notes 30 days' published notice, on any $31,927,000.
conditions—to
anticipate
future
other
companies are protesting
At the average, the 461,024 par¬
more
interest
payment
obligations, company and city of¬ offered for sale on Feb. 24 were one or
payment.
cels
represented
$91,000,000 in
ficials laid the groundwork for awarded to Goldman, Sachs & Co., dates, on and after the following
It was pointed out also that
maintaining
fares, lower
than of New York, at 0.492% discount. dates:. $25,000 due in 1963 on and pre-depression assessed values.
all transportation companies and
otherwise would have been pos¬ Dated Feb. 23, 1944. Due Now 8, after Nov, 1, 1951; $25,000 due in
The Board still has 129,164 par¬ other interstate enterprises would
1944.1964 on and after Nov. 1, 1948; cels for
sible, the Association said.
sale, some of which it be affected by the decision, if up¬
In line with the principle that
has just received from 1843 for¬ held.
v
$25,000 due in 1965 on and after
Hampden County (P. O. Spring'
Nov.; 1, 1946, and^$10,000 due in feits.
earnings above the fair rate of
In handing down his opinion,
In addition to sales to the
field), Mass.
1966 on and after Nov. 1, 1945.
return are subject to contractual
public, the Land Board reported Chancellor Strieker was critical
Note Offering—Philip V. Erard,
The bonds will bear interest at that it had deeded 29,016 parcels of income taxes in general, assert¬
treatment other than fare reduc¬
tions, the new agreement provided Acting County Treasurer, will re¬ a rate or rates expressed in mul¬ to municipalities for public use ing that the "growing imposition
further that the city after Dec. 31, ceive sealed bids until noon on tiples of Y4 of 1%, not exceeding and transferred 2,617 parcels to of taxation, as everyone knows,
March. 1 for the purchase it?/dis¬
3%: from March 1, 1944 to Nov. State agencies^
1944, may raise the question as
and aside from its complications,
count of $250,000 notes.
Dated 1, 1945, not exceeding 3M>% there¬
to whether 7% is too high a re¬
has steadily progressed to points
March 1, 1944. Denominations (8) after until Nov.
Royal Oak, Mich.
turn to the company on its base
1, 1951, and not
beyond: exactions; : and beyond
Bond Sale—The $1,993,000 1944
4% " thereafter
until
rate, and reserved for the city $25,000, (4) $10,000 and (2) $5,000. exceeding
burdens, to oppression, persecu¬
Due Nov. 7, 1944. The notes are
refunding bonds offered for sale tion and even punishment."
the right to attack after 1944 the
paid. Principal and interest pay¬
^
issued in anticipation of taxes for
able at the Detroit Trust Co., De¬ on Feb. 24—v. 159, p. 780—were
legitimacy of the company's de¬
"If
the power to tax is the
the current year.
Said notes will troit. 7 These bonds are general awarded to a syndicate composed
duction for wartime income taxes.
power to destroy, an income tax
be authenticated as to genuineness
Finally, the agreement provides
obligations of the District, which of Stranahah, Harris & Co., Inc., is this power in its worst form,"
and validity by the First National
John Nuven & Co., he declared.
that the company reimburse the
is authorized and required by law of Toledo;
"Unless sacredly
Bank of Boston, under advice of
to levy upon all the taxable prop¬ Stifel, Nicolaus & Co., C. A. Allyn
city for $5,000 spent in study and
administered no democracy can
Ropes, Gray, Best, Coolidge & erty
preparation of the contract.
therein
such ad valorem & Co., Barcus, Kindred & Co., all survive it; otherwise and inevit¬
Rugg, and all legal papers inci¬ taxes as may be necessary to pay of
Chicago;
Commerce
Union
ably there comes a time when
Owensboro, Ky.
dent to
this issue will be filed
the bonds and the interest there¬ Bank of Nashville; Fox, Reusch & those' in places of leadership will
Bill Would Allow Use of Sur¬
with said bank, where they may
Co., Walter, Woody & Heimerdin- use this leveling process to sup¬
on, as the same shall become due
Notes will be de¬ without limitation as to rate or ger and Pohl & Co., all of Cin¬
plus Utility Funds for General be inspected.
port those who support them, and
Purposes—The Feb. 16 issue of the livered on or about March 2, 1944, amount. Award will be made to cinnati, paying a price of 100.0018,
when the latter are impregnable,
Owensboro
"Inquirer" noted as at the First National Bank of the bidder whose proposal pro¬ a net interest cost of 2.7163%, as
those who squander as well as
Boston for Boston funds.
follows:
For $1,008,000 maturing
duces the lowest interest cost to follows:
those why pay, are alike faced
An early end to the fiscal dead¬
April 1, $28,000 in 1947, $30,000 in
the district after deducting the
Peabody, Mass.
with a common ruin."
lock in the Owensboro city gov¬
In de¬ 1948, $35,000 in 1949 to 1951,
Note Sale—The $500,000 notes premium offered, if any.
New
Oil Severance Tax Be-*
ernment resulting from the ac¬
termining the net interest cost, in¬ $45,000 in 1952 to 1955, $50,000 in
offered for sale on Feb. 18 were
comes Effective—A new oil sev¬
tion of the City Utility Commis¬
terest on premium will
not be 1956, $60,000 in 1957 to 1961, $70,awarded to the National Shawmut
sion in halting transfers of light
erance tax of 6 cents per 42-gal,
considered as deductible and in¬ 000 in 1962, $75,000 in 1963, $80,000
and
water
department
surplus Bank, at 0.456%. Dated Feb. 21, terest on bonds will be computed in 1964, $90,000 in 1965, as 2%s; barrel or 6% of the price at the
1944.
Denomination to suit the
funds to the city general revenue
from March 1, 1944, to the first $490,000 maturing April 1, $90,000 well, whichever is greater, with a
Due $300,000 on Nov.
fund was in prospect today with purchaser.
in 1966, $100,000 in 1967 to 1970, "ceiling" of $200,000 to counties
optional redemption date on each
the unanimous passage late Tues¬ 9 and $200,000 on Nov. 29, 1944;
callable bond and to the respec¬ as 2V2S, to call dates, and 33/4S producing oil, is scheduled to go
The notes were issued in anticipa¬
to maturity;
day by the House of Representa¬
$240,000 into effect in Mississippi March 1,
tive maturity dates on non-call¬ thereafter
tion of revenue for the year 1944.
tives, at Frankfort, of a bill de¬
able bonds.
No proposal for less maturing April 1, $120,000 in 1971 following its enactment (Feb. 10)
signed to remove any legal ob¬ Payable at the National Shawmut than all the bonds will be con¬ and 1972, as 3s, to call dates, and by the current State Legislature.
Bank of Boston; they were ready
stacles to the transfers.
The new levy is expected to
sidered.
In the event that prior 3%s thereafter to maturity; $120,The ^ bill h was
sponsored
by for delivery on or about Feb* 21
approximately
$8,000,000
to the delivery of the bonds the 000 maturing April 1, 1973, as 3s, yield
at said
bank. "The notes ^ere
Douglass T. Boiling, representa¬
thereafter during the next 28 months, four of
income received by private hold¬ to call dates, and 3
authenticated as to genuineness
tive from the Owensboro district.'
which are in the present biennial
to maturity; $45,000 maturing Oct.
ers from bonds of the same type
A companion measure, which is and validity by the bank, under
fiscal period.
and character shall be taxable by 1, 1973, as 3s, to call date, and
advice
of
Storey,
Thorndike,
State revenue anticipations
realy for passage in the Senate,
the terms of any Federal income 3 V2s thereafter to maturity, and
The
is under the sponsorship of Sen¬ Palmer & Dodge of Boston.
from all sources including oil sev¬
tax law hereafter adopted by Con¬ $90,000 maturing Oct. 1, 1973, as
other bidder was the First Na¬
ator Lee Gibson, Calhoun.
erance,
have been estimated at
gress, the successful bidder may, 3s; to April 1,1951, and '6V2S there¬
Both measures bear emergency tional Bank, Boston, at 0.47% dis¬
Dated March $57,000,000 for the 1944-46 biat his election, be relieved of his after to maturity.
;
clauses
which
will
make
the count.
Denomination $1,000. ennium, which starts July 1.
obligations under the contract to 15, 1944.
legislation effective immediately
Due April 1, as follows:
$28,000
Waltham, Mass.
purchase said bonds, and in such
MISSOURI
upon being signed by the Gov¬
in 1947, $30,000 in 1948, $35,000 in
Note Sale—The $300,000 notes case the deposit accompanying his
ernor.
If the Senate acts on its
1949 to 1951, $45,000 in 1952 to
r
Missouri (State of) \v
Bids shall
offered for sale on Feb. 23 were bid will be returned.
version today, the measure is ex¬
awarded to
the First National be conditioned upon the unquali¬ 1955, $50,000 in 1956, $60,000 in ^ Tax Revenues Reach New High
pected to become effective be¬
to
1961,
$70,000
in 1962, In 1943—Current Year Decrease
fied opinion of Claude H. Stevens 1957
Bank of Boston
at 0.384%
dis¬
fore the end of the week.
count.
Dated Feb. 23, 1944.
De¬ of Berry &• Stevens of Detroit, $75,000 in 1963, $80,000 in 1964. of $8,000,000 Forecast — Although
Both houses
reconvened at 1
nominations $50,000, $25,000 and approving:;'the
legality of the $90,000 in 1965 and 1966, $100,000 receipts front7 all
tax sources :Y
p.m. today.
' <•.
in 1967 to 1970, $120,000 in 1971
reached a new' high of $113,795,$10,000. Due Nov. 1, 1944.;'Issued ponds.
The' cost of said legal to
R. Miller Holland; who was re¬
1973, and $135,000 Oct. 1, 1973. 419 in the past year, a decrease
in anticipation of revenues for the opinion and of,the printing of the
tained by the board of city com¬
current year. Payable at the First bonds will b& paid by the district.
of $8,000,000 during the present
missioners to assist City Attorney
Jig; MINNESOTA
National
Bank
of
Boston
and The bonds will be delivered in
year
may
ensue, according
to
W. W. Kirtley in handling legal
A
were
delivered at said bank on Detroit.
^certified check for St. Louis Park (P. O. Minneapolis), State Auditor Forrest Smith. This,
details for the city in connection
Minn.
or
about - Feb. 24,
1944, against $6,100,7 payable to the district,
however, would still leave a twowith the stoppage of light and
Bonds and Certificates Sold—
payment in Boston funds.
The must accompany the bid.
year
total of about $110,000,000
water
department transfers left
It is reported by Joseph Justad, in
notes
were
authenticated as to
general revenue,' or about $7,- i
for Frankfort this morning to be
Melvindale, Mich.
•
Village Clerk,
that $8,500
1% 000,000 more than Mr, Smith's
genuineness and validity by the
on hand in the event his presence
Refunding Agents Appointed— street
First
National Bank of
Boston,
improvement bonds were original estimate.
Reporting on
is needed in the capital by Sen¬
H.
V.
Sattley & Co., Inc., 915 awarded
recently to the North¬ the
under advice of Storey, Thornrevenues
received by the
ator Gibson. Mr. Holland assisted
Hammond Bldg., Detroit 26, Mich., western National Bank of Minne¬
State I, during
1943,
press
dis¬
Senator Gibson and Representa¬ dike, Palmer & Dodge of Boston. and McDonald-Moore & Co., 1566
The next highest bidder was the
apolis, for a premium of $4.25, patches from Jefferson City stated
tive
Boiling in the preparation
Penobscot Bldg., Detroit 26, Mich.,
Bankers Trust Co. of New York
equal to 100.05.
;
as follows:
U; :
of the legislation.
have
been
appointed refunding
Mr/
Justad
also
states
that
(plus r$ 11)
at 0.40%
discount..
Receipts in the State's general
Mayor
Fred
Weir
left late Other bidders were:
agents to handle the refunding of $1,500 certificates of indebtedness
revenue fund totaled $58,840,856,
the city's outstanding bonds which were
Tuesday for the capital where he
Bidder
Discount
purchased by the First Na¬
an
increase
of $2,451,692 over
total $2,174,000.
expected to confer with senators Waltham National Bank
0.397'/s
tional Bank of Hopkins, at lJ/4%.
1942. The State's general revenue
0.409
prior to opening of today's session Leavitt & Co..
The plan, wbich was recently
0.417
cash balance at the year-end was
of the Senate, in the interest of Second National Bank, Boston
MISSISSIPPI
announced, provides for the issu¬
Goldman, Sachs & Co._.._
17 0.429
$15,948,556, an increase of $5,444,the legislation. The Mayor indi¬
ance of $1,265,000 Series 1 refund¬
Bolivar County (P. Q. Cleveland)',
971 over that of a year earlier.
cated that he would urge Gover¬
Worcester, Mass.
ing bonds to be exchanged for the
Miss., j
•
r?4
Unless therp is a sharp drop lit
nor S. S. Willis to sign the
bills
Note
Sale—The $500,000
rev¬ Series A bonds now outstanding,
Bonds Approved—An issue of
1944 collections, the State will end
as soon as possible after comple¬
enue notes offered for sale on Feb.
and $909,400 Series 2 refunding
$692,000 3 and 3 14 %v,general obli¬ its 1943-44 biennium with a rec¬
tion of Senate action on the legis¬ 23 were awarded to the First Na¬
bonds to be exchanged for the
gation bonds has been approved ord surplus approximating $12;*
lation.
tional Bank of Boston at 0.319%
Series B bonds now outstanding. as
to
legality
by; Charles & 000.000.
The
'. J.
city of
Owensboro had discount. Dated Feb. 24, 1944. De¬ The new bonds will be dated Dec.
Trauernicht, of St. Louis. Dated
State Auditor Forrest Smith at¬
been
receiving - approximately nominations $50,000, $25,000 and I, 1943, and will mature serially
Jan. 1, 1944.
tributed the high tax receipts to
$20,000 per month from the light $10,000. Due Nov. 6, 1944. The Feb. 1 of each year, 1948 to 1973,
and water department prior to next
the war, which has increased em¬
Mississippi (State of)
both inclusive, and Aug. 1, 1973.
highest bidders were:
the
halting
of
transfers
last
Bidder—
Discount
Interstate Commerce Held Not ployment and raised prices.
Copies of the refunding pros¬
month by the Utility Commission. Worcester County Trust Co..
Mr. Smith pointed out that the
Taxable by State—Holding that
may
be obtained from
Worcester
0.349$ 7 pectus
The Commission acted on the ad¬
entire tax gain came from sales
either
of the
above mentioned exclusively interstate commerce
Second National Bank, Boston
0.349
vice of its attorney, Wilbur K.
and income taxes. The total from
is not taxable by the State in any
State Street Trust Co., Boston,.0.35
firms. Bondholders who have not
the 2% sales levy was .$33,695,894.
Miller, who told it that he doubt¬ Bankers Trust Co., New York
0.37
vv
filed
consents
to
the plan are form, it was ruled by Chancellor
,h»>j r
Day Trust Co., Boston
0.37
ed the
Note
Sale—The
.
,,
.
,
,
,
.
of
,
.
,
Ideality!;of the procedure.
!.»t)
l.tjl,
i
L:,
•
'v.; "
,
■
J S'r
\
X
Volume
Number
159
THE COMMERCIAL & FINANCIAL
4259
gain of $2,527,533 over the pre¬
ceding year. Mr. Smith credited
the increase to rising prices and
to improved enforcement which
a
he
said
has
plugged
many
of
and
$50,000 in 1960.
through which some sales
previously were evaded.
expanded payrolls were
cited by Mr. Smith as responsible
for an income tax yield of $11,302,387, an increase of $1,361,646.
Liquor, gasoline and automo-
the only major
were
tax
sources
showing
declines.
Liquor tax receipts, affected by
shortages of intoxicants, dropped
to
$5,301,061, a decrease of $1,677,390 from the 1942 figure. Gas¬
oline taxes were cut by rationing
to $10,822,831, a drop of
$2,674,345, while cartage receipts fell to
$10,161,412,
off
$363,432.
Both
gasoline and tax receipts are ear¬
\
Nevada (State
Counties
ed
has
Nevada's
of
indebtedness
counties
of)
materially
been
in-the last fiscal
duced
and, with one exception, every
county in the state which filed a
report showed a decrease in; its
indebtedness.
the only
report
with
Esmeralda County was
filing
county
a
showed
which
Schmidt
in¬
an
debt, it was said. In that
county the amount of bonds out¬
crease
standing jumped from
the end of the
$8,-
ac¬
Schmidt, state controller.
Neva¬
da's state debt was wiped out by
the last session of the legislature
bonded
to
43
at
$5,000
1941-42 fiscal year
$25,000, at the end of the 1942period. Lander and Mineral
000,000 in next year's tax receipts
forecast by Mr. Smith. That,
counties
however, would still leave
statements for the last fiscal year.
was
total
year
*
of
about
two-
a
ceed
;
ex-
the
Mr.
Smith's estimate to
Missouri
Legislature
last
Spring
of
amount
the
in
financial
the treasury
shown
only by Churchill, Douglas, Hum¬
boldt, Lincoln, Storey and Was¬
hoe
by about $7,000,000. Mm?
counties.
All
were
other
counties
had
increases, some of them of a
sizable nature, it was shown.
county had by far the
amount of cash
in its
leased to the buying public." He largest
when the fiscal v year
also anticipates a decline of about treasury
$2,000,000 in liquor receipts and a started, with $900,189.88, a mark¬
loss of nearly $3,000,000 in income ed increase from the $717,417.72
taxes in 1944.
In explanation of of the year before. During the fis¬
the latter, he pointed out that the cal period Clark reduced its in¬
debtedness
from
$508,600
to
larger Federal income tax pay¬
•
'
ments of 1943 would be deducted $449,500.
^ v The State Auditor expects sales
tax
to
less
^
cash in
file
not
Reductions
$110,000,000
general revenue, which would
did
more
drop about $3,000,000 "un¬
consumer goods are re¬
from ? incomes
reported
to
the
very
Clark
X Nye county cut $10,500 off its
Elected-—Walter W.
Head, President of General Amer¬
debt, leaving only $1,500, and its
cash jumped from $75,588.64 to
$132,441.97.
Washoe county had
less money on hand to start the
fiscal year, with only $593,593.39
compared with $601,571.60, but
ican
the bonded
State in 1944.
;
.
St. Louts, Mo.
.
.
Post-War
Works
Pro¬
Head
gram
Life, has been elected chair¬
of
man
to
Public
the
Citizens
St.
sponsor
Committee
Louis'
bonded
them
business
tion
called
Eureka
Fundamental
large
needed
and
objectives of
to improve
are
indebtedness
in the
as
placing
—
debt-free posi¬
same
the state—were Churchill,
and Pershing.
:
the
and
cut
$799,311.08 to $703,604.82.
Counties
which
reported
no
municipal post-war public works
program by the city's civic and
program
was
from
$60,000,000
leaders
at
a
meeting
by the Mayor of St. Louis.
indebtedness
NEW
JERSEY
sands
municipal facilities
returning
workers.
war
A
veterans
new
of
St.
Louis
bond election plus
expended
from
s
$24,000,000
previous
un¬
is
to
J. S.
Rippel & Co.
Established
the investigation and
the project will be ap¬
pointed by Mr. Head.
Assurance
given
was
that
no
expenditure
without
istration
prior
approval
of the Citizens Committee.
>
'
1891
N.
MArket 3-3430
Phone—REctor 2-4383
Y.
MONTANA
,
-V;-:'Vw
#
Up), Mont. 1.'^..
-
Purchased
Bonds
—
In
connec-
lion with the call for. tenders on
"Feb.
bonds of
March
E.j Webb,
Clerk of the Board of County
Commissioners, - advises that ap¬
proximately: >$15,000
of
bonds
were purchased
by the Board at
prices of 75.98 and 99.50.
9,
Bergenheld, N. J.
Sale—The
$135,000 re¬
funding of 1944 bonds, offered for
sale on Feb. 23—v. 159, p. 685—
were awarded to B. J. Van Ingen
Bond
&
Musselshell Copnty (P. O. Round-
of refunding
1, 1937, Delia
ment
their
Co., and Minsch, Monel & Co.,
both of New York, as 2.20s, pay¬
ing a price of 100.309, a basis of
about 2.15%.
Dated Feb. 1, 1944.
Denom. $1,000*
Due Feb. 1, as
follows: $14,000 in 1950, $20,000 in
1951, $22,000 in 1952, $24,000 in
1953, $26,000 in 1954 and $29,000
in
The next highest bidder
Rochelle Park
Bank, Ro-
1955.
was:
chelle
Park, for 2.20s, at
price
a
of 100.02.
Kimball
■
:
■
■
■
County
:
Special
tions
(P.
O. Kimball),
Election Urged
were
—
Peti¬
presented to the Board
calling
"
•
■
■
y
XX,w;
Lexington, Neb.
has
been
electric
on
revenue
Feb.
bonds offered for
11, subject to
elec¬
tion, were purchased by the First
Trust
Co., of Lincoln, at 21/4S,
paying
a
price of 100.05,
an
a
finance
the
deeded
in
trust.
It
also
would permit acquisition of prop¬
erties owned or used by public
utilities
consent
corporations
provided
obtained by the State
Utilities Commission.
was
Public
North Arlington, N. J.
which
Trenton
munic¬
ipalities to contract with private
development companies for the
dential
the
The.
areas.
backing
of
on
measure
the
New
Urban
of
The
latter
the
said
refunding is
advisable to
take
advantage of
the bond market but objected to
che plan on the ground "it will
present
an additional, burden to
che tax-payers now and in every
budget for the next 15 years," ac¬
cording to press advices.
The plan calls for the interest
dropped from 3%% to
maximum
basis put the country.
and
Traders
1.60
Note
Sale—The
school
$54,000
offered for sale
Feb.
on
23
has
secre¬
lief peak
sion."
awarded to the County Trust
Co. of White Plains at 0.64% dis¬
were
Dated Feb. 28, 1944.
count.
National
Bank,
Boston,
0.92% discount.
:
New
;
on
Randolph
the
LaGuardia
said a special com¬
studying the post-war
plans of New York City's 28,000
Committee
Finance
of
3^:%.
Maturity
only 14 would go out of business
when the
plans
of
H.
Schwamm
Co., of New
agent and the
The contract calls for
yearly
of
excess
said
the
net
a
$53,500."
saved
money
interest charges would
on
be
devoted to paying the princi¬
pal of other debts. The plan is
subject to aproval of State Com¬
missioner
of
Local - Government
Darby. A
public
ordinance
was
hearing
held
the
on
Feb. 25.
the
cent
in
McGoldrick
the
made
the
Hospital
Bonds
thorized
the
Nassau
He
Streets.
5o?oPl^S
1812. The
issuance
of
Memorial
781.
bonds.
Hospital
and
Investment
the
War
Finance
Donald
The
Division
of
National
Bank
of
City
Leon
Bank
Fraser,
of
New
offered for sale
on
less
President
First' National
Bank
of
The
the
of
City
of New York; S. Sloan Colt, Pres¬
ident of Bankers Trust Company,
and Russell C.
Leffingwell, Chair¬
of the Executive
man
Committee,
Co., Incorporated.
it
as
Grounds
continued
Commit¬
its
study of
dertake
erous
a
program
public
than
30
can
un¬
without "gen¬
assistance."
in
one
terest
,
the
Feb.
18
"It
year
will
and
ready to
•
take
a
more
'
from
a
year
to
a
half to get the plans
go to
work," he said.
New York's program, the Mayor
explained, "is based on the hope
than
city of Albany.
shall
and
after
to
cease
bonds called for
40
the
In¬
accrue
on
redemption, from
date
fixed
for
the
redemption thereof.
'
The bonds will be issued under
the provisions of Sections 2 and 3
of Article 18 of the State Consti¬
tution,
Chapter 946 of the Laws
of 1939
as
amended and Section 60
of the State Finance Law.
Principal
in
lawul
The
interest
and
at the
money
payable
Bank of
Manhattan; Co., New York
The bonds may be regis¬
as to principal and interest.
City.
tered
Rate of interest must be in
tiple
!4
of
and
not
Than
more
mul¬
a
one-tenth of 1%,
or^
single rate
a
of interest shall be named for the
issue.
'
'
■
.
Bidders
bids
upon
bidder
,
their
the award to them of
all but not part
330,000
■
condition
may
bonds
of the entire $8,the- highest
and
the
on
basis
of
one
"all,
whose
or
bid
figures the lowest interest cost to
the
State
amount of
The Mayor said he feared "Con¬
ready.
nor
days' notice thereof published in
least
two
daily newspapers
printed in New York City and
none" will be the
city, he added,
no
date
at
the
York;
payment
thereafter, - all
outstanding, or
all of the bonds of a single ma¬
turity beginning in the inverse'
order of their maturity, upon not
New
159, p. 781—were awarded to
Halsey, Stuart & Co., as 1%s, at
a price of
100.099, a basis of about that there will be Federal loans
—v.
est
of such bonds then
York; Wm. Gage
Brady, Jr., President of The Na¬
tional
par value and accrued interest,
March 2, 1964, or on any inter¬
on
H.
of
Chase
City
not
Sale—The $18,000 coupon
registered semi-annual sewer
bonds
form in
of
Committee;
Campbell, President
said slowed the old PWA program
at the start because planning was
Bond
or
of
tions
Bower, Director of the Bank¬
im¬
Depew, N. Y.
on
sued in coupon form in denomina¬
V'l: V? i at
w-asj
Validity
;
Moore,
receive
p.m.
for the
"
$300,000
will
12:30
until
purchase of $8,330,000
housing bonds.
Dated
March 2, 1944.
Bonds will be is¬
original Municipal Hall
as the Federal capitol
ing
But
au¬
bids
March 1
also served
tee
recently
Comptroller,
sealed
se-
gress has lost precious time in a
of
just
what
of misapprehension
such bonds has been approved by planning
is necessary" and he
warned against delays which he
the city's bond attorneys—v.
159,
Meyer
provement
p.
State
Sub-Treasury Building at
and
Buildings and
Authorized—
of)
lectedthe place of purchase as the I
Buffalo, N. Y.
The Common Council
(State
York
$1,000 and in registered
denominations of $1,000,
$5 000 $10 00o and $50,000 at the
Sub-Treasury booth because rt is !
tion
ofvthe
purchaser.
Due
located on the site of the building i
$170 000 March 2> m6 to 1994.
f'^cd in 1700 which served as The Comptroller reserves to the
the CityvHall of New York until
state the privilege of redeeming,
Wall
J. P. Morgan &
:,
New
,,
re¬
.
council.
in¬
that immediately
they would spend
war
Bond Offering—Frank C.
purchase at the Bond Booth
defending his plan, Gaeckle
Mayor LaGuardia Urges Huge
said the primary purpose of re¬
Post-War Construction Program—
funding is to pay off the debt as
Outlining a billion-dollar post¬
quickly as possible.
He agreed war
construction
program
for
with Mayor Allan that the debt
New * York City, Mayor Fiorello
service levy would be $200,000,
LaGuardia urged a Congressional
instead of $197,000, for duration
committee on Feb. 1 to expedite
of the refinancing, but declared
planning of a public improvement
the saving would enable the bud¬
program to soften the
post-war
get to be brought down to "rea¬
impact on the nation's economy.
sonable proportions" much soon¬
"Every city in this country has
er. Gaeckle's views were second¬
a long list of
necessary and much
ed by Councilman Black. The or¬
needed public improvements," the
dinance
was
unanimously
ap¬
Mayor
told
the
House
Public
by
800
complete
lenanceL stocks^ and other
the 800, total of 244
,
In
proved
committee
submitted
$1,035,000,000 for
the State of New York. The city's *woo,vvv,vv\j lul buildings, mainuuuumgs, mamgrand holdings of $149,746,000 in- |
purcludes purchase of $51,946,000 for •po.s?
+v
a
the
various
sinking funds and
W0UM expand after the
war.
$50,000,000 for account of pension
A.
L.
the
had
showing
after
for
ends.
war
He told
dustries
ranging at present from from 1785 until 1791.
Also taking part in the brief
1959, will be changed to
from October 1, 1944, to purchase ceremony were Joseph
1957.
was
industries and that reports already
received from 1,335 indicated that
W.
Chairman
Burgess,
War
last
mittee
in
to
program
very
a
large scale, and finally
resort, home relief and
the straight dole with all of its
crushing implications of failure
and futility."
Close to
presented
a
as
York, N. Y.
was
during the past depres¬
.XXX ''kAr:'X'X
lotments, another WPA
at
$150,000,000—
purchase
f'irf*
greatly increased soldier bonuses,
pensions, insurance and other al¬
/
War Bond Investments
cnvrcction
,
"The only and inevitable alter¬
natives" to post-war construction,
the memoranda continued, "are
Due
The next highest
bidder was R. W. Pressprich &
Co. (plus $2) at 0.90%
discount.
Among the other bidders was the
21, 1944.
First
docks
prevailing rate of wages will be
paid" and that employment would
be boosted by about 200,000
men,
or 40,000 less than "the work re¬
Tarry-
town), N. Y.
notes
includes, he said, projects for
LaGuardia gave the committee
exhibits and memoranda
asserting
Trust
Buffalo
pipe
a
that in New York's post-war con¬
struction "it is assumed that the
to
Rehabilita¬
also is
follows:
not
seums,
parks,
libraries,
police,
'sewage, bridges, sanitation, transportation and welfare.
int. Rate
National
Mr.
Mayor Allan
Jersey
National Committee
on
Housing, Inc., which is spon¬
soring similar legislation through¬
tary
as
Mount Pleasant (P. O.
cil Feb. 15.
tion, which is headed by John E.
Sloane.
100.21
post-war planning.
authorize
'would
bill
were
100.17
1.60
"is
X
' C01fCCI10n, lire
prevention, health, markets, mu-
Refunding Considered— funds. Comptroller McGoldrick is
Refinancing of $410,000 of North sole trustee of the sinking funds
Arlington's callable bonds, pro¬ and the pension funds have sepa¬
posed by Councilman Gaeckle, is rate Boards of Trustees, of which
provided in an ordinance passed the Comptroller is a member and
on first reading by
Borough Coun¬ for which he acts as custodian.
NEW YORK
at
a
Co.,
i',2
and
:
education
„Z
X '
Buffalo.—.;
1.40%
Bank, Lancaster IV2
Co.,
Manufacturers
It
Debt
—
introduced
jointly
Sons—_
grants"
dream."
City of New York investments
war bonds now total
approxi¬
exist.skXX&A mately $150,000,000, according to
The proposed legislation would Joseph D. McGoldrick, Comptrol¬
permit municipalities to sell pub¬ ler, who announced on Jan. 31
lic lands or buildings to the de¬ the purchase of $40,300,000 2 V2 %
velopers without public bidding bonds of the fourth loan offering.
even
if the public property had The check to cover the additional
Leg¬
Considered
Assembly¬
G:JK. Preiser, Essex County,
Committee
Preelection Sale—The $400,000
sale
Rehabilitation
for a special election to
rehabilitation of substandard resi¬
$90,000 county hospital
bonds.
to
only with consent of local plan¬
ning boards or local legislative
bodies where no planning boards
Jersey (State of)
islation
man
of County Commissioners recently
vote
New
Residential
Neb.
stock
own
project. They would be controlled
by State law and could operate
T
NEBRASKA
Citizens
and
and
'
Trust
June
companies and to subscribe
Gaeckle
18 Clinton St.y Newark 2, N. J.
$MMd.
pursue.
would be made by the city admin¬
of the
'
saving - J "in
sponsor
ti
time of acquisition
Specific authorization would be
given savings banks, insurance
companies and building and loan
associations to organize develop¬
said.
Other offi¬
and sub-committees required
developers and
during the pe¬
of exemption from
imposing
the
Co.,
&
Bidder—
Marine
the
any assessments in excess of those
at
&
Roiims
con¬
prepared the
plan
on
Gaeckle's recommendation, it was
soundness of the program and the
need and value of the contem¬
cers
units
barred
tract
h.
Other bidders
empower
firm
charged with investigation of the
plated expenditures.
riod
by
be
York will be fiscal
bond
issues would finance the plan.
The
Citizens
Committee
structed
would
range
Rlunicipal Bonds
special
a
would
residential
new
1955
$36,000,000
at
the
Sherwood
is.
/
measure
dates,
New Jersey
bond issue to be submitted to the
voters
The
substandard
/
municipalities to condemn prop¬
erty and convey title to the de¬
velopers.
Municipalities
would
also be given the power to
grant
tax exemption up to 25
years on
a
and
and
V
rate to be
opportunities
for
employment for thou¬
of
decadent
,
en¬
provide
post-war
itate
Co.,
values and to rehabil¬
areas."
re¬
cording to recent reports to Henry
not go
highway uses, and do
into the general fund.~
year,
17
€85
"The object of the bill," ex-, 1.25%,
Dated Jan. 1, 1944.
Due
plains an appended statement, "is $2,000 from July 1, 1945 to 1953.
to provide a way for municipal- 1
Among the other bidders were:
BiddGi
ities with the aid of private cap¬
Int. Rate Price
Blair & Co..
1.40%.: 100.15
ital to arrest blight, stop falling
c.
f.
chiids &
real estate
Debts—Bond¬
Reduce
marked for
A possible decline of about
.
NEVADA
loop¬
taxes
bile licenses
$25,000 in 1946 to 1959,
Due
holes
War
2.245%. Dated March 1,
about
1944.
CHRONICLE
No
bids
after
deducting
the
premium bid, if any.
will
be
accepted for
Bidders shall
separate maturities.
state
the
clearly
amount
$100
bid
in
and
for,
their proposals
price for each
which
will
be
deemed to include
equal face
an
amount of bonds of each
based upon the
maturity
multiples specified
above.
1.
No bid.will be
than par
accrued
delivery
i
i,
;
,.
i;
,■
accepted for less
value of tine bonds and
interest
or
to
unless
the
date
of
accompanied
THE
886
certified check or bank
Additional Rev¬
Would Allocate
deposit of money or by a
by a
To
enue
draft upon
Local
For
Units
Debt
paid
taxes
State
excessive
on
Service
bank or trust company
cities of Albany or New
solvent
The
—
at
upon
interim certificates,
Co., present
Resolution
be¬
Depart¬
forms, due April 15, was
tax
when the
24,
Feb.
gun
and Finance re¬
ment of Taxation
several million
mail¬
leased the first of
It was the biggest
blanks.
the
history
the
operation in
Department.
ing
of
will have their
making out
Most taxpayers
fiscal
1943:
(1) Form 201, which
payers
next
will be re¬
coming
due
the
payment of debt, relief is guar¬
anteed directly to real estate arid
home owners to the extent of the
additional revenue which is es¬
timated at
taxpayer.
$17,500,000.
Loss to State Seen on Renego¬
Optional Form 200, which
of tiation—The State of New York
the Department of Taxation and will have, to face a loss of $15,Finance, and at all banks in the 000,000 in corporation franchise
State.
This is the new single- tax revenue and local government
page simplified return which may may lose $5,000,000 because the
be used to report income from Federal Government has left the
only wages, salaries, commissions, States "holding the bag" on rene¬
pensions, interest, dividends, part¬ gotiation of war contracts, Rollin
nerships, estates or trusts.
It is Browne, President of the State
estimated about two-thirds of the Tax
Commission,
declared
on
State's personal income taxpayers Feb. 1.
At the same time, Mr. Browne
qualify for its use, which is en¬
disclosed that the State Tax Com¬
tirely optional.
Rollin Browne, President of the mission would seek by adminis¬
State
Tax
Commission, pointed trative action or by amendment
out that there would be no direct of the corporation franchise tax
mail distribution of the new forms law to protect corporate taxpay¬
(2)
could not be printed
reduction
reference to the 25%
or
in
tax,
Commis-
but
sionerBrowne said this would pre¬
sent
The taxpayer
his income tax
manner, he explained,
difficulty.
no
will simply figure
in the usual
and then reduce the tax by one-
The
fourth.
reduction
does
not
apply to the unincorporated busi¬
ness
tax.
Because of the
ers
ex¬
emptions, not every Federal in¬
come taxpayer will'be required to
file
a
the
New
New
York
return.
come
the
has
tax
source.
deducted
law
been
you
Under
are
and other
their fight
in
relief
to
the
edged that New York
had
lost
for
States
at
The State tax is not
from
wages
or
salaries
of residents.
Because of the volume of forms
retroactive
resulting from
renegotiation of war
contracts.
Provisions
has
been
made,
he
estimate
of
the
loss
to
New
York State and its subdivision
this fiscal year and
in
the next. The
loss is reflected in the new State
any credit for
computed on the basis
profits which he is
required to turn back to the Fed¬
eral Government—even where the
to
the
contractor
State taxes
of the
excess
renegotiation
of
until after the State tax has been
livered.
paid," the Commissioner said.
"An amendment, backed by the
But failure to receive
not
completed
National Association of State Tax
responsibility for failure to file
return by April 15,
Administrators, which would have
allowed the contractor credit for
of
a
a
is
not, relieve the taxpayer
form does
the.
;
the
in
bonds
of;;
amount
deposited in the Farmers-
was
ey
National Bank
of
Watsontown
to
.
these illegal bonds, »•
the bank being trustee of the bond*
issue. The spurious bonds were inpay coupons on
addition
authorized
the
to
issue*
$180,000 for construction of the
*
,
•
Status—The
.
de-,
In order to secure money to
posit in bank to pay the coupons,;
Henderson, who was; Secretary-,*
Treasurer v of the school associa¬
tion
well
as
Financial
as
.
County
4
Secre—
ment on the
1936 series of $46,000
out-of-the-county firm.
/
.
.
will be made
**
,
Bond Sale—The
$12,000 fire ap¬
paratus bonds offered
Feb.
21—v.
159,
p.
awarded to Fox,
for sale on
687-r-were
Reusch & Co.; of
Cincinnati, as IV2S, paying a price
of 100.687, a basis of about 1.33%.
Dated April 1, 1944.
Denom. $500.
Only one bond payment has to
be made in 1944 and it was made
ment
Bond Offering—Letha
I
sealed bids until noon on
for the
.
Stew¬
will- receive
City Treasurer,
art,
Feb. 28
purchase of the following
3% bonds aggregating
$7,000 storm sewer improvement
bonds.
Denomination
$500.
Due
$500 on April and Oct. 1
1944 to
1950.
the 134 series of
Kittanning School
Bonds
a
of
$200,000
'
county bonds.
Due
$400.
Denomination $500.
bonds.
Due
1949.
$5,500 Jan. 1, 1945 to
April and Oct.
1 in 1946 to
Passed — An
passed by the Bor¬
ough Council recently calling for
an
issue of $5,000 2Vz% council-
one
street
to five years.
cannot be sold for
bonds
less than par
and accrued interest.
Interest payable
A-O.
;;
•
Borough J, Official
White &
on
Feb.
municipal market as a
remained steady dur¬
whole have
week, and our index
yield for 20 Ohio bonds
remains
unchanged
at
1.37%.
ing the past
of
,
Bonds Authorized—The County;
recently passed a
Commissioners
as
follows:
report appeared in the
16 issue of the Sunbury, Pa.,
lowing
"Item":
"
,
Alleged shortages
in excess of
accounts of
and the
Clinton Township
$150,000 in the bond
Borough
Montgomery district
$15,000
in
4
and
1948
1953, and $20,000 in 1954.
Pennsylvania (State of)
1
Governor Terms Private Bridge
Prices
Too
High
—
Governor
James Martin asserted on Feb. 17>
A
by owners of.
privately-held
toll bridges in Pennsylvania "are
entirely too high," but he would
that
not
the
of
commit
of
outcome
to
asked
prices
"most"
10
himself
current
on
probable
efforts
State
acquire the-spans.
Disclosing that he
•
has been
studying a "preliminary" survey ^
made
by
Highways
Secretary';
John U, Shroyer, the Governor.'
said engineering surveys are still
being made, and added:
"The
might
come
it might not. I'm
program
along fast and
*
announced
reserving a decision until I re¬
Co., Cincinnati, reported today following investigation of
ceive
definite
recommendations
23 as follows: Prices for the affairs of Lawrence A. Hen¬
from
Ohio
the
Forgery—The fol¬
Charged With
Montgomery
(State of)
Municipal Market Steady—J. A.
Ohio
Pa.
Montgomery,
Former
Feb.
•
1951.
O.
(P.
County
Sunbury), Pa.
Ordinance
ordinance was
in 1947 to 1950.
Said
j
-
Northumberland
Meyers dale, Pa.
Bond
$400'on April and Oct. 1
7,800 sanitary sewer bonds. De¬
nomination $650. Due $650 on
unau-:
passed resolution calling for an issue of
1%
refunding bonds.'
resolution calling for an issue $50,000
Dated Dec. 1, 1943.
Due Dec. 1,
$27,500 real estate purchase
manic
Denomination
bonds.
ciation.
District, Pa.
improvement bonds.
3,200 Harmer Hill sanitary sewer Denomination $500* Due $1,000 in
in
or
Borough and the school asso¬
ery
r>
Authorized—Recently the
forged
by
thorized bonds of both Montgom¬
of School Directors
$18,000 now
City Water Works:
owned by the
on
Board
Marietta, Ohio
1, a $20,000 pay¬
February
of
as
secured
are
payment at that time.
for
$2,000 Dec. 15, 1945 to 1950.
Due
said, for franchise tax refunds or
credits
aggregating
$20,000,000,
to be
mailed, involving many tons
mail, a week to 10 days will
elapse before all, have been de¬
Notes Authorized—The
States from the burden of corpo¬
ration tax refunds,
re¬
withheld
of
An $8,000 shortage in borough '
September 1, 1946,
funds, which Henderson has ad¬
and will amount to $5,000.
However,
the tax /levy
for mitted, is .covered by a bond in
$150,000 2% notes to lower oper¬ these
the sum of $10,000.
payments will be made in
ating expenses.
Dated Jan. 28, 1945 and the money for the pay¬
Investigation disclosed, Keliher
1944. Due approximately July 27,
ments set aside from the taxes stated, that Henderson had a num-.
1944.
ber
of bank
loans
throughout:
collected
during that year, as
Green Township (P. Q* Greenprovided for by law; and the Lycoming, Northumberland and
Columbia counties, some of which
money will be set aside and ready
ford), Ohio
from losses resulting from re¬
Washington
Ohio
School District,
Board of
Education voted recently to issue
budget, he pointed out.
The localities, he added, would
quired to file a State return if have to face the
prospect of cor¬
you are single and had a net in¬
responding
shrinkage
in
their
come of $1,000
or more in 1943;
shares of the corporation fran¬
if you are married and had joint
chise tax. Local government re¬
net income of $2,500 or more, or
ceived $23,333,870 of 1943 collec¬
if your gross income was $5,000
tions from this source, an increase
or more.
of more than $4,600,000 over the
It was emphasized that, in the
preceding year.
case
of taxpayers, who reside in
"The renegotiation bill now be¬
the State, none of the State in¬ fore
Congress specifically denies
York
breast"
$108,000 in the name of the school;
association, Keliher declared. Mon¬
O. Waynes-
Nearing Debt-Free
during the past
10expressed a desire to ;;
"clean
a
bogus
of
burg), Pa.
Ohio
Williamsport
the
whole affair, Keliher said.' «
V>
Henderson confessed issuing
PENNSYLVANIA
Sale—The $5,000 fire ap¬
Columbus
Commissioner Browne acknowl¬
his
higher State
make
notice.
County (P.
in
operations
years and
bonds are subject to
.
wood ),
Bond
enormous
Neither form contains any pro¬
vision for
•
made during a two-hour
jail with Charles F. Bidelspacher;
Jr., Henderson's attorney, present.- Henderson
spoke freely of his
Sale
Greene
job of fusal of the Federal Government,
preparation for mailing—folding, in renegotiating war contracts, to
inserting and addressing of en¬ allow credit for part of the State
taxes they pay.
velopes.
-for the
time
(State of)
The disclos¬
Keliher said.
1934,
with the sale
Adams Township (P. O. Pose-
will be available at all offices
in
District
covering
ures were
Details—In connec¬
of the $53,500
2% revenue bonds to the State
Bond Commission, Fred H. Paulus,
Deputy State Treasurer, reports
that the bonds were sold at par.
He also advises that the $18,700
revenue bonds exchanged at par
with owners of cut-over timberlands,
bear
2%
interest, are
dated Jan. 1,. 1944 and mature
Jan.
1,
1994.
All
of
said
financial transac- 1'.
the period from
illegal
conference
OHIO
in the
the municipality
succeeding April 1, 1944. By
of
year
allocating this new revenue to
mail by every
taxpayer who filed a return last
year.
This is the regular sixpage form, similar to last year's
blank, and may bemused by any
ceived through the
because they
Oregon
Bond
of
tions
OREGON
tion
has revealed a rec¬
Henderson
ord
school.
recently.
period of one year be
to the cities in the
indebtedness
choice of two forms in
their returns for
Passed—The Village
will be entirely out of
proportion of the population of paratus bonds offered for sale on debt in 1945, when the last pay¬ tary-Treasurer of the borough, '
15—v.* 159,
p.
263—were ments will be ready on the re¬ used borough accounts and sold
each city to the total population Jan.
unauthorized
and
forged,
of all the cities of the State. The awarded to the North Lewisburg mainder of the County's $548,000 more
bonds, the District Attorney de¬
committee recommends, however, Bank Co., of North Lewisburg, as bonded indebtedness.
clared.
that all revenues from this source 3V4S, at a price of 100.55, a basis
The final payment on the 1933
Henderson said that he printed-•t i¬
Dated Jan. 15, series of county bonds, which was
be
restricted
to
redemption of of about 2.97%.
Denom. $1,000.
Due $1,000 an original issue of $300,000, will the spurious bonds in his plant at '
debt outstanding on or prior to 1944.
Jan. 1, 1944, and applied to the on March and Sept. 1, in 1945, to be made March 1, 1945, and will Montgomery, the Lincoln Printing
amount to $25,000. The last pay¬ Co., using forms furnished by an
payment of that portion of such March 1, 1947.
distributed
personal income
State
York
fof the
tax
Forms
Mailed—Mail distribution of 1943
New
rent
of
burden
School
95, N. D.
and home owners.
all bids.
1943 Personal Income Tax
Borough. He had been secre¬
of borough
council until
Jan. 31 when he resigned.
passed a resolution re¬
cently calling
for an issue of
$5,000 sanitary sewer notes in an¬
ticipation of bonds.
DAKOTA
Special
-
tary
Council
certicates of indebtedness offered
Therefore, the
committee recommends that the
State collected revenue from this
The Comp¬
the right to reject
troller reserves
any or
it will add to the
Hamlet
Montgomery
the
both
ery
high water.
NORTH
and cities now
State
real estate taxes,
City.
York
New
sult of the
dealt in counterfeit bonds
man
optional re¬
demption
in i numerical
order,
No.
impose taxes upon gross receipts
when funds are available there¬
of public utilities.
No Bids Received—There were
If additional
revenue is obtained by increasing
no
bids received for the $1,000 for, upon 30 days' prior published
the
Both
by deposit in
of The Manhattan
Bank
the
in
to $10,-
000,000 a year. It was approxi¬
mately $2,000,000 last year.
delivery of the interim
certificates to him.
The successful bidder or bid¬
ders will be required to pay for
the bonds upon delivery of the
der
yield from $1,000,000
in
regularity of their issue will
the successful bid¬
a
ofClinton r
School Association and Montgom¬
Vermilion, Ohio
.
furnished
be
Paine,
was
& Curtis for Is,
price of 100.271.
Webber, Jackson
^
the
bidder
highest
next
profits before a renegotiation is
completed, was defeated in the
United States Senate by a vote of
committee ap¬
pointed by Governor Dewey on
of the
48 to 25. -V-; •
January 15 to inquire into rev¬
York, payable to the order of the
"The
loss
of revenue to the
enue
problems of municipalities
"Comptroller of the State of New
State and localities is only part
and to offer recommendations for
York" for at least 2% of the par
of the
problem.
Administrative
value of the bonds bid for.
No reduction of the real estate tax difficulties are well-nigh insur¬
burden upon home owners, has
interest will be allowed upon the
mountable." '
.v.'
submitted a preliminary report to
good faith check.
the Governor.
The chairman of
Olean, N. Y.
Interim certificates will be is¬
this
committee is State Comp¬
Plans Bond Issue—Sen. George
sued
pending
the delivery
of
troller Frank C. Moore.
H. Pierce of Olean has introduced
definitive bonds, and
these in¬
The
committee
recommends a measure in the State Legislature
terim certificates will be ready
for delivery on or about March 2, that all revenues derived from the authorizing a bond issue of $105,present mortgage recording tax be 000 to finance cost of flood dam¬
1944.
.
The
The unqualified approving legal retained for the benefit of locali¬ age suffered in July, 1942.
bill also legalizes the acts of the
opinion
of Hon. Nathaniel L. ties and distributed in the cause
Common Council and agents rela¬
manner as the present local share
Goldstein, Attorney-General of the
is distributed, during the coming tive to the repair and reconstruc¬
State, as to the legality of these
This tax has varied tion of property damage as a re¬
bonds and interim certificates and fiscal year.
a
Monday, February 28, 194
COMMERCIAL & FINANCIAL CHRONICLE
the
school
were
derson, 51, Montgomery publisher
and public official, who was ar¬
rested late Monday afternoon on
charges of forgery.
Secretary
Under
passed
the
terms
by
State
the
Shroyer."
of
1943
a
'
resolution
Legislature,
is endeavoring-to pur¬
chase the bridges with a $10,000,-'
committed 000 bond issue authorized for the '
await court action after
purpose by a 1933 Constitutional
having waived a hearing, is al¬ amendment.
The bridges would i
I.20%, which equals the previous leged to have invested some of the
be freed, when the costs are liqui¬
low yield, or high price, set by money involved in the shortages
dated, through temporary contin- >
this index in November of 1943. to promote his own business en¬
uation of toll charges.
The
index for
10 lower grade terprises and the remainder to
Bridges involved are two each
bonds remains at 1.53%, the all- meet interest and other charges
at Harrisburg and Bethlehem and
time
high price level for this on spurious bonds he issued in the
on each at Sunbury, Clarks Ferry,Kname
of the
association which
group set last week.
Allentown, Point Merion, Charle-< *
built the Montgomery high school
roi-Monessen and Ellwood City-;
Stark County (P. O. Canton), Ohio
and leased it to the borough and
Bond Sale—The $21,000 Sewer
Koppel.
adjoining Clinton township.
Martin did not say what the.
District No. 10 bonds offered for
Joseph P. Keliher, Lycoming asking prices were, but Shroyer *
sale on Feb. 23—v. 159, p. 591—
County
district : attorney,
who indicated previously that they
were awarded to the First Cleve¬
headed the
investigation which totaled less than the authorized
land Corp. of Cleveland as Is,
led to the arrest of Henderson,
$10,000,000.
paying a price of 100.428, a basis
revealed "new shortages and de¬
of about 0.929%. Dated March 1,
Posfc-War High Taxes Predicted
falcations" barely 24 hours after
1944.
Denomination $1,000. Due
—Although painting a bright pic-,
the former official was taken into
Sept. 1, as follows: $2,000 in 1944
ture of the curent condition of
to 1952 and $3,000 in 1953.
The custody. Keliher said the accused
yield for 10 high grade bonds,
however, declined from 1.21% to
The
Henderson, who was
to jail to
Volume
;
1
•
159'
Number 4259 1
1
THfcTCOMMERCIAL & FINANCIAL CHRONICLE
Pennsylvania's State
and
local March 1, 1944.
Due on March 1,
governments, the Joint State Gov- as follows:
$13,000 in 1945 to
ernment Commission, a
bi-parti- 1964, and $12,000 in 1965 to 1984.
san
fact-finding agency for the
Among the other bids received
State Legislature, warned Feb. 14 were the
following:
that increased State and local
re¬
Bidder—
wirst
sponsibilities
in
the
post-war
period may force higher taxes.
"In the post-war years," said
-
Representative
•
chairman
Edwin
■
of
the
to
the
States
and
local
units
the
of
above
turity.
the
bonds
"Otherwise
the
ernment may not
•
.
.
:
Gov¬
under
.
tional
Accounting
The
ing
bonds.
'
%
com¬
J/
v
reduction
decade.
The
in
the
city's
net
of
ness
all
bonded
called
amounted
while
to
dicted
a
flee
of
has
pre¬
State
its
present indebted¬
even if
the. surplus
'
•;.'•*'
.»
particular
to
be
There
given
may
short
use
eliminate certain
stated
by G.
Chairman of the
should
care.
yyyyy temptations
<
to y48,
be
cuts, to
essential
audit¬
ceases
monize with
accepted standards of
&
auditing
Trust
call date.
on
omit
procedure
Lowering
of
about
come
sonnel
."..Winchester, Tenn.
to
'Bond
Offering—J.
H.
Winn,
City Recorder, will receive sealed
until
10
a.
m.
Feb.
on
28,
ior the purchase of
$134,000 2%
semi-ann. electric system revenue
refunding, Series A bonds.
Dated
Dec.
and
should
essential checks.
no
bear
standards
because of
may
new
per¬
the
or
absence of capable
Officials will do well
supervision.
bids
har¬
being
April 1,
are
payment on
Chemical Bank
sur¬
The State will
year.
in 1955
ness
May. 31
is
disbursements
Co., New York City. Denomina¬
tions $1,000 and $675. Dated Jan.
1, 1941. Due on April 1 in 1945 to
faith
$68,215,933,
Martin
$100,000,000
plus by next
be
of
as
only
Governor
,"
for
the
•
debt"
urge local government finance
justments, however, should
3
1969. Interest
"full
National
numbered
at
political subdivisions
from 1931 to 1942.'
3/ Pennsylvania's
of- the
Municipal Account¬
ing -procedures or to permit lax
auditing methods. Any such ad¬
1,1
dropped $209,535,479 in the period
,and; credit
i
in
mind,
however,
that
the public will not
accept the war
as an excuse for
poor work once
the
has ended.
war
public
tain
officials
Consequently,
who
want
to
professional standing
and protect the
governments they
,
1
•
Mr.
Fiss
also,
revealed
that
"every man, woman and child's
share in the Commonwealth's net
full faith and credit debt is
in
the
local
$87.32,
government's
while
the
$6.89;
debt,
Federal
gross
debt share for each
person might
reach $2,200 next year:"
Pennsylvania Turnpike CommisRevenue
Over
Increase
1943
in
January
Figure—The
above
Commission's statement of traffic
'and
for
revenue
January,
vehicles
Total
were
enues
fare
month
in
revenues
of
January
is quite an
the
month.
improvement
This
fare
over
•
for
revenues
the
month
same
a
■
year
when
ago
hides
;
only 49,173 vefarps totaling $115.-
paid
937.59,
plus
other
revenues
$4,714.46, bringing the totar
January, 1943. to $120,652.05.
of
for
representing
in
enue
•910.39,
the
amount
plus
other
of
rev¬
$1,170,-
revenues
of
'
$98,181.52,
;
or an
269,091.91.
This
aggregate of $1,with
compares
848,069 vehicles during the
<
mium
deemed.
interest
$15
for
Issued
and
each
for
par
a
pre¬
bond
the
re¬
purpose
of
refunding
a
like
principal
outstanding bonds and
be
payable, together with
such other obligations as
may be
amount of
will
issued
on
visions
izing
parity under the
a
pro¬
of the resolutions author¬
said
revenues
bonds,
to
operation
be
of
the
and
all
tioned.
bids
No
be
will
the
sale
of
lic
offices.
Finance officers
fail
condi¬
accepted
pro¬
of
ports, even though not published
full, should be made, carefully
bound, and preserved in the pub¬
in
will break the
for less than par and accrued in¬
terest to June 1, 1944. The
ceeds
reports even though the
published reports may be reduced
to summary statements
only. Com¬
plete and detailed financial re¬
net
so
be
the
bonds,
to
prepare
mation
about
complete
period
a
year
$65,790.96,
046.66.
or
a
to
1, 1944, will be es¬
crowed, with the paying agent for
outstanding bonds simultane¬
ously with the delivery of the
the
refunding bonds. The approving
of Chapman & Cutler,
will, until June 1, 1944, be con¬
ditioned upon proper retention of
the
escrowed
funds
until
that
date,
and upon the giving
of
proper
notice of redemption by
the city. A certified check for 2%
of the bonds; payable to the
City
reports
continuity of infor¬
their
various
levels
1943," also reveals that during the
same
period there was a rise in
ment.
—"a
natural
financial
plans.
Some
ago
for internal use, much of it
be omitted from printed re¬
ports.
But reports in
summary
form should be
published
sary
total
of
$1,405,-
yyy
■
bids
RHODE ISLAND
for
Cranston, R. I.
Bond Sale—The $500,000 sewer¬
age, Act of 1939, series F bonds
offered for sale
to
on
2
p.
m.
on
March
21,
the
purchase of $50,000 not
to exceed 5%* semi-ann.
drainage
\
awarded
until
Feb.: 18
improvement .bonds. Due serially
in
not
to
exceed
40
years; pay¬
able from ad valorem taxes.
were
changed relatively lit¬
to 1943, compared
with conditions
brought about by
tle
from
1941
the war, a table
prepared
Tax Institute discloses.
by the
year,
25.81%
gasoline
gasoline
of total
from
the
overall
Furthermore,
for the year
greater
the
up
creased
to
from
Motor
debt
taxes
and
in
and B. J. Van
In
addition
tioned
to
the
the
report,
above-men¬
Governments
Division of the Census Bureau has
also released two additional debt
studies,
being devoted to the
one
volume
and
Mercantile
-
Commerce
Bank
&
Trust Co., St.
Louis; First of Mich¬
igan
Corp.,
Jackson
13/4S, at
&
a
and
Paine, Webber,
Curtis, jointly, for
price of 102.077.
Dated
to
113, 115 and 117 to 401, bonds
aggregating
$339,500,
maturing
Oct. 1, 1945 to 1976, are called for
payment on April 1, 1944, at the
Central
Hanover
Bank
&
Trust
of
which
was
$997,000,000,
$301,000,000 was ac¬
excess
1943
to show
years
410
of
cities
25,000
or
$269,000,000 dur¬
accentuating
year,
reduction
Recent
amounted
to
compared with only 2.1%
in the earlier period.
As a result
as
of
this decline, city debt of
$8,002,000,000 was well below the
peak reached in 1941 and
than
in
any
said.
was
was
since
year
Of the grand
less
1932,
it
total, 54%
represented obligations of the five
cities
having populations over
studies
1,000,000:
geles.
status
of
ment,
are
all
levels
of
States
and
cities
larly informative
particu¬
are
they contain
variety of data pertaining to the
debt
structures
States
less
and
of
is
the
individual
cities.
the
No
report
on
debt,
being a
re¬
governmental
an
outstanding
feature
view of the
history of State and
local
debt, with particular refer¬
the sharp reduction that
to
ence
has been effected in such
obliga¬
tions
during
the
period.
present
war
'
The
indebtedness
gross
States
and
June 30,
of
Chicago,
New
An¬
York
UTAH
local
of
the
subdivisions
at
1943, is reported at $18,-
Federal debt
was
Supreme
(State of}
Court
Court
preme
on
valid the State's
which
Upholds
Act—The
servancy
bestows
as
respective
valuable
overall
York,
City
Utah
govern¬
State and local.
The reports dealing with the debts
a
The
very
Federal,
of
New
of 25,000.
three
The
Con¬
Utah
Jan.
26
Su¬
ruled
Conservancy Act,
broad
powers
for
the
organization of districts to
develop and conserve water for
domestic, irrigation, power and
manufacturing uses.
The Court's
ruling was handed down in a
suit brought by G. H.
Patterick,
Jr., of Price, who sought to pre¬
vent
the
Carbon
Water
Con¬
District from proceeding
with a plan to rebuild Scofield
dam, which has been in a dan¬
gerous
condition for a number
of years.
Mr. Patterick attacked
servancy
constitutionality of the Act under
which
Carbon
the
District
was
formed, and declared if the plan
was
carried
out
financial
a
it would
burden
holders who
impose
property
on
would not
be
bene¬
fited
directly.
Written by
Justice
A.
Lester
$136,696,000,000 Wade, the opinion was concurred
cor¬
in by all other members of the
(exclusive of indebtedness of
porations and agencies of the Fed¬
eral
Government),
having
in¬
$64,201,000,000 during the
creased
from the
$72,495,000,000.
ures
on
earlier
lows:
gross
years
1942
aggregate of
Comparable fig¬
Federal
are
debt
shown
as
for
fol¬
1941,
$48,979,000,000; 1940,
$42,971,000,000; 1932, $19,487,000,000.
total
of
period
amount
re¬
charges,
the
$681,000,000 in the 1943
being the lowest in the
re¬
local subdivisions also made sub¬
additions, in that period,
sinking fund assets applicable
to
tions.
obliga¬
Court except Justice David W.
Moffat, who dissented in part.
The Court held that one provi¬
sion of the Act that there
no
trict courts
sets
of
as
be
to whether certain
and
facts
circumstances
justify
the formation of a con¬
servancy district was in violation
of the
Constitution, but Justice
Wade
pointed out that this pro¬
is "easily separable from
vision
the rest of the section and Act and
does
affect
not
any
of its other
provisions."
Utah's
High
Court in earlier
had upheld Legislative
providing for organization of
irrigation, drainage and metro¬
politan water districts. The Con¬
servancy Act, however, is more
comprehensive than any of the
decisions
Acts
others.
,
Mr. Patterick's suit attacked the
Law
all
property included within them to
the
of
part
Corjservancy
which permits districts to tax
the
achieve
public
for
organized.
purpose
which the district was
These
offsets, the report
totaled $2,095,000,000 on June
30, 1943, an increase of $125,000,000
over
1942.
Practically all of
total, it is said, is held as a
reserve against
$15,193,000,000 of
outstanding general obligations,
thereby reducing this burden to
$13,171,000;000.
the
less
can
appeal from decisions of dis¬
WASHINGTON
says,
ties, villages, etc., according to
a
the
declining
1941,
the
populations
3.3%,
timely and represent an important
addition to existing data on debt
bined
coun¬
of
began in
alone was indebted for 38%
of
the gross debt of the 410 cities.
tions in
counted for by the various States
and the remainder by
cities,
which
data with respect to indebtedness
of the 410 cities
having popula¬
stantial
actual reduction
trend
a
Philadelphia, Detroit and Los
to the retirement of their
The
de¬
character
of
State
debt outstanding at June 30,
1943,
the other containing similar
and
ages, tobacco, insurance company,
utility and State property levies.
30, 1943.
percentage
made in the volume of
decreased
year's
financial
de¬
Bond Call—City Treasurer Mrs. reduced their
Ingen & Co. of New
outstanding indebt¬
York, jointly, as 1.75s, at a price E. H. Archer announces that re¬ edness in
the amount of
approxi¬
of 102.459, a basis of
about 1.587%. funding, series 1936, dated Oct.
1, mately $1,000,000,000 during the
The
next
highest bidder were 1936, bearing 4% interest, Nos. 38 year ended June
$2,909,000,000,
the trend started in 1942.
1943."
sharply lower the
last quired for interest
Local Debt Reduced
similar
debt
more
strength of States and local gov¬
ernments
In addition to. sharply reducing
$461,000,000 in 1941 their outstanding
gross indebted¬
$385,000,000 in
1943. ness
during 1943, the States and
and
was
continued
"clearly indicates the
economic
Taxes which increased since 1941
include income, alcoholic bever¬
State
A
State
picture.
from
about
totaled
outstanding net general obligation
State debt, the 1943 total of
$1,849,000,000 comparing with the
previous year's figure of $2,033,000,000. The year 1943, it is said,
decrease
$3,906,000,000 in past decade, according to the
$3,573,000,000 in port.
vehicle
1942.
excluded
5.1%
the
being 9% less than the $3,211,000,000 on the same date in
ing
were
collections;
debt
characterized
this
when
rationing,
revenues
sharpest decline in the
gross
with
is
the
govern¬
picture for the year
ending June 30, last. On that date
complished by States and munici¬
palities
assumes
major stature
debt
most
of
debt
Although minute on a the first of recent
comparable
basis,
the
report a reduction.
states, the $997,000,000 cut ac¬
Gross
debt of
Federal
all
local
ernment.
As
indicated
in
the. figures
for shown above, the $18,645,000,000
example, taxes collected by the gross debt of States and local tax¬
States on gasoline decreased
only ing units on June 30, 1943, is the
from $922,000,000 in 1941 to
$760,- smallest aggregate since 1940. The
000,000 in 1943.
In the earlier reduction in debt also served to
Despite
$1 Billion in Year Ended June 30,
1943—States and local subdivisions
Paducah, Texas
Halsey, Stuart & Co.
Tax Collections
Remain
Stable—State tax collec¬
tions have
1941.
Offering—C.
J.
Rogan,
Clerk, will receive sealed
the
into
insignificance the
sizable slash in their indebtedness
by the various levels of local gov¬
year
State
Fairly
1943,
Freeport, Texas
Bond
Town
regu¬
they amounted to 19.46%.
Total State tax collections from
all sources were
TEXAS
of
consequence
gigantic cost of global warfare"—
the
of
of
decade
State
crease
local
may
The
past
.
As stated in the
report, the huge
increase in Federal indebtedness
645,000,000, as compared with $19,642,000,000 in 1942, $20,182,000,000
in
1941, $20,225,000,000 in 1940
governments tend to put more de¬
and $19,562,000,000 in 1932.
tail than
On
necessary in their printed
June
30,
1943,
however, gross
reports. While this detail is neces¬
late
year
Treasurer, is required.
same
,
•
June
who
governments,
thus making it difficult to formu¬
adequate to pay principal redemtion premiums and accrued inter¬
est
fi¬
nancial
the
electric
con¬
publish
the
city's
must
bid
Local governments should
tinue to prepare and
from
from
derived
supply the approving opinion of
Chapman & Cutler, of Chicago,
representing
revenue
amounting
to
$1,339,255.70, plus other revenues of
:
of
at
opinion
Vehicles paying tolls for the
pe¬
riod June 1,
1943, to Jan. 31, 1944,
totaled 648,395,
•
accrued
thereafter
$125,927.02, plus other rev¬ together • with additional funds
sufficient
to
make
the
of
deposit larly.
$6,481.77, or a total of
$132,408.79 for
/,
the
1944, shows that 67,544
paid tolls in January.
•
and
date
distribution system. The city will
sion, Pa.
<
.
payment
experienced
contraction
.
tive revision of the entire tax and
I fiscal structure of the
Common¬
wealth."
'
1
States
marked
re¬
their
1, 1943. Denom. $1,000. Due serve must make every effort to
liquidate outstandon June
1, as follows: $10,000 in see that auditing procedures are
| ing bonds.
- 1
; j'
1946 to 1948, $11,000 in 1949 to
1
adequate. In cases where the ab¬
House
Speaker
Ira T.
Fiss,
chairman of the Joint State Gov- 1952, and $12,000 in 1953 to 1957. sence of personnel makes satis¬
Bonds maturing in 1951 to
ernment Commission, said its tax
1957, factory auditing impossible, the
are
optional for redemption on governing body should be advised
committee would recommend to
the 1945 Legislature "a construc¬ June 1, 1944 and on any interest accordingly.
*
•
^ ,
is not used to
and
"Govern¬
dwarfed
iFunderburk,
District, that 5% refunding bonds,
of
indebted¬
*
Call—It
S.
debt f fell
against
an
average
13.28% for other units. \
'• :•
The
Bond
last
••
20.8%,
2.
•;
;
SW§*
:
District, Tenn.
t. Philadelphia
led
all
local
government units in Pennsylvania
debt
1:
accounting officers to main¬
high standards for their ac¬
counting, auditing and reporting
procedures during wartime.
Internal auditing of
receipts and
r_
yj•••
mittee revealed that:
in
members
on
Municipal
of Feb.
as
following
tain
Hollow Rock'Bruceton Spec. School
tax
.
captioned
States.
by the Na¬
on
and
$500,000 refunding
IJ'^v'tennessee
the
issued
was
Committee
Committee
report prepared with the
cooperation of the Pennsylvania
League,
Wartime—The
statement
Bonds Approved—It is reported
that the City Council approved
Federal
our
a
iting in
Pawtucket, R. I.
the issuance of
report,
$16,399,000,000 in 1943, and as
case of gross
debt, counties
mental Debt in the United States:
not include indebtedness of
corpo¬
rations and agencies of the United
United States
-The
Economy
.
by
Municipal Accounting and Aud¬
as
1
purchased
for
■
Constitution."
In
sub¬
to 1.75%, according to ma¬
^
time perform its. norr
same
functions
public
New York State.
be able to meet
huge interest and redemption
charges of a national debt of approximately $300,000,000,000 and
mal
.
for
bankers regard the
legal investments for
savings banks and trust funds in
the
at the
,
0.40%
years.
Federal
bonds
This
re¬
UNITED STATES
reoffered
scription, at prices to yield from
government most of the functions
and accompanying costs which the
Federal Government assumed in
depression
bidders
to
in the
Shaffer & Co., of
Lubbock,
2V2S, 3s and 4s. Dated Jan. 1, the Federal debt burden of $64,1944. Legality
bringing the grand
approved by John 201,000,000,
D. McCall, of Dallas.
aggregate on the June 30 date to
$136,969,000,000. This figure does
100.209
successful
were
report issued by the Governments
Division
of the
Bureau of the
as
100.647
The
-
pre-war
and
recently
887
Census, Department of Commerce.
$70,000
H. L.
Bonds Offered for Investment—
committee, "the Federal Gov¬
ernment may be forced to return
-
Eoston
Goldman,
Coffin & Burr
-tax
-
of
Sold—The
funding of 1944 bonds offered
Corp.__—100.67
Corp.,
First
Snyder, Texas
Bonds
sale
Harriman, Ripley & Co. and Kid¬
der, Peabody & Co.„
Winner,
■
Bank
Boston
Securities
Sachs & Co.,
Commission's
•
First
New
York, or at the
National Bank, Dallas..
Price
•
National
and
Union
Co.,
All States and local
reduced
their
units
com¬
Seattle, Wash.
Retirement
Fund
Bonds—Councilman
vine,
of
David
Le-
chairman
of
the
administration
who
board
Sells $958,000
of
the
is
Seattle
ment
that
City Employes' Retire¬
Fund, announced Feb. 10
the
fund
had
sold
$958,000
gros^ debt worth of city light bonds for $1,sinking fund assets by 6.3% .172,837, netting .a $214,837 pre-
■■
<
.
THE
COMMERCIAL &
888
mium.
the
Ont.
York Township,
explained that
Mr. Levine
balanced
city budget has so
strengthened the city's
all Seattle
credit that
much
bonds are now in
better standing.
The
average
life of the bonds
which would
approximately $390,000 in
interest.
It is orpposed to re¬
invest the amount derived from
the sale of city light bonds in
2y4% treasury war bonds which,
when
redeemed,
will return a
profit of about $100,000 to the re¬
sold
10
was
years
bring
fund
tirement
is exempt
which
from taxation.
WISCONSIN
Enrolled Sen¬
ate Bill No. 78, passed March 13,
1943, Chapter 4, Acts of 1943. To
secure the payment of this bond,
principal sum and interest, when
Session
known
as
Eau Claire,
Wis.
Details-r-In connec¬
tion with the sale of the $62,000
4
and
4y2%
semi-ann. school,
other funds and revenues suffi¬ bridge and water works general
cient are not available for that obligation
bonds to the Harris
purpose, it is agreed that, within Trust & Savings Bank, of Chi¬
the limits prescribed by the Con¬ cago, at 120.688 (not 102.0688) a
stitution, the Board
of Public net interest cost of 1.185%, report
Works of the State shall annually of which appeared in v. 159, p.
cause to be levied
and collected7 784, O. E. Oien, City Clerk, sends
the following list of other bid¬
an annual State tax on all prop¬
7
7 V
erty in the State, until said bond ders:
First National Bank, Chicago,
is fully paid, sufficient to pay the
Bond
Sale
■
annual interest on
;
said bonds and
$62,000
at
120.474; Paine,
Webber, Jackson &
Curtis, for
for
principal sum thereof within
time this bond becomes due
the
.
$62,000, at 119.95; the Milwaukee
Co., for $62,000 at 119.69; ParkShaughnessy & Co., for $62,000 at
118.64; Halsey, Stuart & Co., for
1944
Monday, February 28,
FINANCIAL CHRONICLE
Investment—
A
group
composed of Burns
BRITISH COLUMBIA
Bromers & Denton, Limited, J. L.
Graham & Co., Limited, and FairVancouver, B. C.
clough & Co., Limited, all of To- '
Bond Sale Details—In connec¬
are
offering for general
tion with the sale of the $526,000 ronto,
subscription $1,500,000 3%
and
bonds to McMahon & Burns, of
3V2%
refunding debentures
at
Vancouver, report of which ap¬
prices to yield 8.50% and 3.60%, *
peared in our issue of Feb. 14,
Bonds Offered for
to
maturity.
Dated
City Comptroller, according'
March 1, 1944.
Due on March 1
bonds were sold
in 1945 to 1957, incl.
Prin. and
Jones,
Frank
advises that the
at
a
3.86%.
basis of about
int.
471:;
7
NEW BRUNSWICK
77Y
(Province of)
New Brunswick
Debt
Reported—Net
Surplus
Doone,
Hayes
J.
J.
Cut—Hon.
order of
inverse
at Toronto.
payable
(M-S)
and interest
Callable at lou.00
in
7
maturity.
;
7777,;;:.V77 QUEBEC
/
Quebec (Province of)
M
bonds cannot
$870,876 Surplus Reported—The
New Brunswick, reports a
be sold at less than par and ac¬
West Virginia (State of)
Province of Quebec accumulated,
surplus of 1.7 millions for the
crued interest. Purchasers will be
for the fiscal year ending March
Bond Offering—Sealed bids will
year ended Oct. 31, 1943.
Last
- .
required to pay accrued interest $46,000 at a price of 122.57,
be received until 1 p.m. (EWT),
31, 1943, an overall excess of rev- '
year's surplus was $1.6 millions.
to date of delivery. Delivery will
Wisconsin (State of)
enues over expenditures of $870,on Feb. 29, by Governor Matthew
Total revenues', which amounted
be made in New York City. To
Invests
$25,000,000 in Fourth
M; Neely, for the purchase of $1,876, it was revealed in the public
to $12.2 millions this year, were
expedite delivery, if desired, in¬
000,000 4% road bonds.
Interest terim certificates will be fur¬ War Loan Bonds—As its contri¬ $1.5 millions higher than was es¬ accounts presented to the Legis¬
lative Assembly by Quebec Treas- .
bution to the Fourth War Loan
payable A-O. Dated Sept. 1, 1943. nished
timated in the budget.
This rise
purchasers. In the event
Drive, the State of Wisconsin in¬ was due chiefly to motor vehicle urer J. A. Mathewson.
Coupon bonds in $1,000 denom¬
that prior to the delivery of the
vested $25,000,000 from its gen¬
Revenues
reached $92,770,109,
inations,
convertible into fully
fees
and N. B. Liquor Control
bonds, the income received by
eral and highway trust funds in
registered bonds of $1,000 and
Board returns, which were each an increase of $771,29o over uhe
private holders from bonds of the
Government bonds, it was an¬
fiscal 1941-42 year. Expenditures, >
$5,000 denominations. Due $40,000 same
over half a million dollars more
type and character shall be
nounced Jan. 27 by State Attorney
from Sept. 1, 1944 to 1968 incl.
than had been expected.
Other however, totaled $80,0bd,237, leav¬
declared
to
be
taxable under
Rate of interest to be in a mul¬
General John E. Martin. ' ■ /.: 7777:.:,;
sources
were
succession duties, ing an excess of revenue over
present Federal income tax laws,
The
bonds
are
short-term
tiple of lk of 1 %. A part of the
either by a ruling of the Bureau
gasoline taxes,7 amusement taxes ordinary expenditures of $12,issue may bear one rate and ..a
Treasury certificates of indebted¬ and revenues of the Department 701,872,;
:
.:77/,*;/:
•
of Internal Revenue or by a de¬
part a different rate. Not more cision of any Federal Court or ness, paying % of.1% interest.
of Lands and Mines.
Capital account, on the other
than two rates will be considered
The State
general fund con¬
shall be taxable by the terms of
Expenditures, at $10.5 millions, hand, was charged with $11,830,in any one bid. The bonds will
tributed $15,000,000 of the total
995 expenditure, bringing the ex¬
any Federal income tax law here4
were about $165,000 less than an¬
be sold to bidder offering to take
and the highway trust fund $10,cess ol revenue over ordinary and
after enacted, the successful bid¬
ticipated this year. Most governthe bonds bearing the lowest in¬
000,000.
der may, at his election be re¬
(
ment
departments
kept
well capital expenditures to $870,876.
terest rate and to pay the highest
;
It was explained by State Treas¬
lieved of his obligations under
The net debt of the Province
within their estimates, with the
urer John M. Smith that the in¬
price offered for bonds bearing the
contract
to
purchase the
exception of the Department of as of March 1, 1943, amounted to
such rate. Principal and interest
included a refunding
bonds and in such case the de¬ vestment
Education,
which undertook a $311,912,083, or a decrease of $1,payable in lawful money at the
operation by which some Gov¬
posit accompanying his bid will
wider distribution of free school- 242,831 over the 1941-42 period.
State Treasurer's office, or at the
ernment securities previously held
WEST
the
7
VIRGINIA
payable.
and
The
of
record
Provincial Secretary-Treasurer
.
be returned.
The purchaser or
books.
The Department of Public
New York.
purchasers will be furnished with by the State were sold and the Works/usually a heavy spender,
issued under au¬
money reinvested in new Treas¬
approving legal opinion of Cald¬
had a surplus of around $20,000.
thority of amendment to the Con¬
well, Marshall, Trimble & Mit¬ ury certificates. Before the pres¬
Net debt of the Province, which
stitution
known
as
$50,000,000 chell of New York City, but must ent drive the State had about
State Road Bond Amendment and
invested in Federal stood at $83 millions at the end of
pay for same. Certified check for $20,000,000
under authority of an Act of the
securities.
Vr' 7' v7": ■'7:•;
"7777' the previous fiscal year, was re¬
2% of the bonds is required.
duced by $2 millions in 1942-43.
State
Legislature, 1943 Regular
National
City Bank,
Montreal, Que.
7
7
These bonds are
Contribu¬
Units in
Solvent municipalities f
Municipalities Make
tions to
Aid Other Local
Default
—
of the Island
of Montreal will pay
.
Z/7/:;;//'ONTARIO
Ontario
In the
based on present statutes and
the courts, interest on these bonds is exempt
opinion of counsel,
construed'by
interpretations as thus far
from Federal Income Taxes.
through abandonment
lVz% Refunding
;77:;':^777
7:7,7^:77
Due March 1, 1964
:
These
$180,000 are
1946 to 1959 inclusive;
optional on
for refunding purposes,
Bonds, to be issued
constitute valid and legally
binding obligations
payable from ad valorem taxes
without
limitation
as
in the opinion of counsel will
of the Chicago Park District,
levied against all
to rate or amount.
the taxable property therein
7 7;7y7;:J;r7;7;7.-;;^i-7v--7
to
optional date and coupon rate of
These bonds are
; ;
yield 0.75% to 1.50%
lVz% thereafter until
redeemed
and subject to approval of
furnished upon delivery. ; The
announcement fs circulated from
offering these securities in
and received by us
offered when, as and if issued
legality by Messrs. Chapman & Cutler, whose opinion will be
offering circular may be obtained in any state in which this
only such of the undersigned as are registered dealers and are
compliance with the securities law in such
STONE & WEBSTER
BLAIR &CO.,
Inc.
state,
_
;
FIRST OF
INCORPORATED
INCORPORATED
MULLANEY, ROSS & COMPANY
CHICAGO
&, CO.
KANSAS CITY
PIPER, JAFFRAY &
HOPWOOD
MINNEAPOLIS
For
Govern¬
mors
1.
1944.
municipalities.
1944.
i
■*
.
i
In
return,
the
Metropolitan
claims
this amount Commission received from Pointe
will not compensate Windsor, let aux Trembles, more than $100,000
the
alone all
municipalities of the
Province.
Purchased
Gundy & Co., of
—
Port
Bonds
$130,000
improvement
314% improvement
Arthur, Ont.
Purchased—The Bank of
has
$42,294
purchased an issue
2V2%
that municipality over
j
j
j
bond interest^;
Montreal North, j
from
improvement
meet costs of di- )l
reeting it, and $39,842
St. Michel which was
low its
Huge
from Ville f
$60,000 be¬
e
administration cost.
expenditures for
and
wild
the reasons
public
expansion
real estate purposes are
for
reported^
for the default
of the
three
bankrupt municipalities, the
costs
of whose
now
bonds.
administration costs
which failed to
works
Montreal
its
7
*,
$31,000 to met its
$100,000 3%
and Sep¬
the
cover
Wood, $76,500
Toronto, recently
purchased the following
bonds:
to
which gave
KingstonOnt.
of
February 24.
been current
have
Windsor
bonds; $30,000
Interest payable March 1, 1945 and semi-annually, March 1
tember 1, thereafter.
Principal and interest payable in Chicago, Illinois.
Coupon bonds in
denomination of $1,000, registerable as to principal only.
The information contained herein has
been carefully compiled from sources considered reliable, and while not guaranteed as to com¬
pleteness or accuracy, we believe it to be correct as of this date.
March
two years, ru¬
City of Montreal
bonds.
Dated
than
more
Premier George by Outremont, Westmount, Ver¬
matter under dun, Lachine and other towns, set I
at $410,670.69 in 1943 compared J
review.
to $582,324.09 in 1942, a decrease #
Hon. G. H. Dunbar, Minister of
of over $171,000. Costs of admin¬
Municipal Affairs, in a recent an¬ istrating the towns, minus inter- j
nouncement, indicated his depart¬ est on bonds was set by Mr. Brise- j
ment was considering the ques¬
bois at $69,191 for Pointe
aux^j
tion of compensation.
A figure Trembles, $80,439 for Montreal";
of $300,000 is mentioned as the North and $98,957 for Ville St. I
anticipated total compensation to Michel.
)
Bonds
STERN BROTHERS
7
Michel.
the
has
MICHIGAN CORPORATION
(INCORPORATED)
BRAUN, BOSWORTH &, CO.
ELDREDGE &, CO.
INCORPORATED
(INCORPORATED)
OTIS &, CO.
HEMPHILL, NOYE5 & CO.
E. H. ROLLINS&SONS
CENTRAL REPUBLIC COMPANY
AND BLODGET
INCORPORATED
PHELPS, FENN &, CO.
INC.
prepared
under
Drew
A.
Ontario
HALSEY, STUART & CO.
Montreal, while it
default and under the tutel¬
that the*1 •
saddled with its
huge debt and refinancing prob- t
lem should drop its connection
right to collect having expired with the metropolitan group and <
Dec. 31, 1943.
^
its ensuing high cost to local tax¬
Mayor
Reaume
contends the payers.
,7 ' . ;
Provincial Government had given
The
status
of the bankrupt
away
the municipalities' rights
without consulting them.
It is towns, however, was reported _
improving with total costs, shared
indicate the new Provincial Gov¬
ernment
to
figures
to the
ment, Windsor will lose approxi¬
mately $500,000 in tax revenue
from this source
in 1944, their
inclusive.
;yj■7yV,7;77; years I960 to 1963
is in
1
7V
'77
City of
The
wartime
According to
for
submission
thereof and accrued
interest payment date
September 1st of each
September 1st of each of the
subject to call for payment by lot at the par value
interest on the date that they severally become optional or on any
thereafter upon 30 days' published notice. $185,000 are optional on
of the years
,
agreement be¬ age of the Quebec Municipal
Commission, will pay to the com¬
tween the Dominion and Provin¬
mon
pool to relieve bankrupt
cial Governments will be argued
before both governments, accord¬ municipalities a sum of $330,054,^
a
decrease of $138,000 from the
ing to Mayor Arthur J. Reaume of
preceding year when the metrop¬
Windsor.
olis dropped $468,054 into the till
Mayor Reaume has appealed to
of the
hindering municipalities v
the Ontario Mayors' Association
which are Pointe aux Trembles, ?
to join Windsor in presenting its
Montreal
North and
Ville St.
claim.
/
/••• 7'//:7';- ;
under
Bonds of 1944, Series J
These Bonds are
:'
mission.
of
field
of Emile
Brisebois, secretary treasurer of
the Montreal Metropolitan Com¬
compensation for loss of
corporation income tax
the
Park District
o
municipalities to
Right of Ontario
receive
Ifflf
according to the report
Corporation Tax Loss Compen¬
sation Sought by Local Units—
revenue
$3,310,000
(Province of)
$171,653.40 less this year for up¬
keep of municipalities in default
than they did the preceding year, *
borne by
administration is
local taxpayers.
@FedFRASER