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BUS. ADM.
MONDAY
Volume 163
Nlimber
New York, N.
4461
.
.
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•.
-
•
.
General
RAILROAD
/
.
.
'
.
.
-
•
•
•
'
-
INDUSTRIAL
-
.
t A
'
...
March
to ^consider
1046,
15,
bonds series. A,, 5?*,
Toronto, Canada, on »;•>
of reorganization of the com-, t
dated May lO,
pany
,
.
This plan has already been'approved by ./
1945.'
unsecured
and
shareholders
the plan
Holders of
creditors.
certificates of
the
in Javor. of the plan of reorganization dated May
meeting
2633.
'-•*
no
it
breaker
The
.,v <
,;r ; *:
/
Lord, Abbett & Co./ Inc., New York, is named national distributor,
underwriter.—V." 163,„ £«',461..
.
or
operating
-For
later
consideration
remote
:
10,*
control
for use
J Aireon's
research
in
industrial1 electronics
embraces
heating; of
plastics, the use of high frequency radiations for cooking and heating;
the development of instruments for. determining humidity, defrosting
of frozen roods and instruments for sorting^ counting,, measuring, oil
prospecting and for color comparison.
■|
Issue
In This
;
v
York,
and , paying their share. of the committee's expenses
amounting to $5 per $1,00 bond withdrawn.—V. 163, p; 305.
•
;
New
;
•
;Stock and Bond Quotations
■
? lu ,the
.field
sales—.
Net
—V.
,
Inc.—Record December Sales—
163, p. 185.
;*
.
New
•/
Stock Exchange
York
New York Stock Exchange
(Stocks)
I 661
:
explored, and
shortly'.
The
\
672
(Bonds)
/New York Curb Exchange
j
Baltimore
,
,v.
Bamberger & Co. below.—V. 162, p. 2633.
676
681
..-.J
Stock Exchange
Boston Stock Exchange
'.
—
681
Various
-
/ See AetnaLife Insurance Co. below.—V. 162, p. 2633.
Aetna Life Insurance
-
Co., Hartford, Conn.—Report—
income of the Aetna Life. Affiliated Companies last
$254,147,274, an increase of $12,686,400 for the year.
The
premiums in the Aetna, Life Insurance Co. were $180,818,931, in the ,
Aetna Casualty & Surety Co. $48,735,545, in the Automobile Insurance
-Co. $21,347,742 and in the Standard Eire Insurance Co. $3,245,056.
*The assets., of the Aetna Life,Insurance Co. increased $112,124,051 .:
to $1,152,901,151.
Assets in the Aetna Casualty & Surety Co. increased from $106,044,756 to $116,234,095: In the Automobile Insurance
Co., assets increased from $39,603,461 to $44,479,833 and in the Stand- /;
The' premium
year
:
,
was
ard from $7,989,292 to $8,660,742.
Total
holdings
; $608,561,305,
an
of
U.
S.
increase of over,
REPORT
OP
>
;
AETNA
■
Toronto Stock
;
Of the assets of the Aetna Life Insurance Co., 45.5%
amounting to
,8525,060,000, is invested in U. S. Government bonds, an increase of
8156,000.000,: Investments in other bonds at $305,000,000,; of 26.5
;
of assets, are down $33,000,000.
Investments in stocks at $76,000,000, s
: or: e.Stf)
of assets, are up $11,000,000.
Mortgage loans amount to',;/!;
?: 8146,000,000.
or 12.7 'k
of assets, and are down $1,000,000.
Policy
loans at $41,000,000 are down $3,000,000 and amount to 3.6','c
of..
,
may
company
manufacture
include
an
electronics
to railroads and Industry,
respectively, and a third in
where fundanienetai physics . research is Conducted,
the company's plants undertake research involvingf theic
particular products.
/
-/•
v." ,
/'
Calif.,
Pasadena,
/Moreover,
;
/
.
'
;
Coincident with tlie obtaining
order
of hew peacetime, busiii^ss and' in
to; xeduce operating^ costs,/
its', fompany
plants and leased modern manufacturiny^siiace' for'8. lbng term
,'of the properties—at a profit-rwill enable the company
to .maintain a strong working, capital position during the transition
owned
of yeais., Sale
•
:
period
.
T
ters
from
war
to
will/permit
peacetime
operation.
concentration
/location; and-will
result
of
its
The lower-cost leased/quar-
Kansas
iiti,.
Cityactivities
one
considerable
in
savings. .On the 1944-45
$32:800,000 suclf savings are estimated at $800,000;
f
The company-owned plants sold a few weeks ago included two in
Kansas City, Kan., and one in Burbank, Calif. The new leased quar/
ters in • Kansas ' City will provide facilities for the general, offices,;;'.
'.. engineering,
research laboratories, "production and; storage, and will
Z/f be a marked improvement- over" wartime Operations when /it was.
found necessary to have those activities located in several different
.buildings.
'There is nearly 1,000,000 square feet; in the. new Kansas
City site with -some 500,000 square feet being roofed.;
;'•■,/;
/
Giving effect to the sale of plant facilities, Aieron's working, capital
currently approximates .$4,000,000/ an; improyement; over, that at the:
: / fiscal year-ended
April-30/ last.
As of April 30, 1944, working capital
amounted to only $931,309.
To further
bolster working capital position in the current fiscal
year will be a tax recovery, whichjthe company hopes to realize from
accelerated, amortization of its; fixed assets incident to the war's end..
sales volume of
€88
,
Miscellaneous Features
.
the
,
.
■
Exchange,.u-;/^--//-/4i/^~./:--:' 684
Stock and Bond Averages
which
which
facilitates the, measurement of g.ass and
thicknesses by placing it on the surface of the/material and
three other types of industrial gauges utilizing the
principle of optics.
Three laboratories are maintained by Aireoh, one each at Kansas
City, Kan.,, and Greenwich, Conn., for research in the application of
_
686
Over-the-Counter Markets..■ /--a//-J— 683;
Transactions New York Stock Exchange.—- 688
Transactions New York Curb Exchange.--- 688
devices
micrometer
plastic
Toronto Stock Exchange—Curb Section. wV
are
INSURANCE' CO.
LIFE
/ optic
/
___
»;
for the group
$165,000,000 for the year, y
bonds
Government
—
.
company
T";i;l946o,/V//'./
681
682
Cleveland Stock Exchange-,
682
Detroit Stock Exchange._,,_/ /
u/. 683
Los Angeles Stock Exchange—.683
Philadelphia Stock Exchange
——_ _ .—684
Pittsburgh Stock Exchange—_——- 684 /
SL Louis Stock Exchange.
—-u.—.
684 >
vMontreal. --Stock ■, Exchange.-..-.-——^68T>/
Montreal Curb Exchange_
2.-//_687 /;
Chicago Stock Exchange
Cincinnati Stock Exchange
Casualty & Surety Co., Hartford, Conn.—Report
Aetna
,
is
it
has a; specially equipped railway car which
is used to demonstrate the advantages of railroad radio communica¬
tion.
.Business for this equipment already has been placed by rail¬
roads in this country as well as in Mexico.
The company plans to
demonstrate this system, of communication t<> about 50 railroads in
..
,
.
Co.—Buys Building—(
'
See L,
*
'
/
.
Life Insurance
Aetna
V
•
$1,874,718: $14,316,413 $11,580,940
$2,551,419
railroads,; trucks,
/
1945—12 Mos.—1944
comriiunlcations, the application, of electronics to
buses, trolleys, oil and gas pipe lines is being
expected. that developments will be announced
of
'
-
homes^. hotels, restaurants and other places
of amusement.
The phonograph would rack about 100 records and, if
desired, would play continuously around the clock.
deposit by surrendering their certificates of -deposit to Montreal Trust
Co., Toronto and Montreal, Canada, or City Bank Farmers Trust Co.,
1945—Month—1944
in
•
is expioring possibilities for
true-tone, phonographs and radios with
the .company
the manufacture of "de luxe',','
that
depositors unwilling to have their
bonds voted in favor of the new plan may withdraw their- bonds from-
Adam Hat Stores,
switch will restore the current,
a
.
tion,-apparatus.;■
i and,principal
states
Period End. Dec. 31—
the fuse ''blows,"
when
newly- scheduled production, items
will
supplement current
of Aireon which "comprises radio crystals of all kinds, radio
speakers-, transmitting tubes, oil field supplies-and railroad communica¬
-
"
committee
the home, for instance,
In
output
1945.
The
replacements.
is
necessary to make a replacement1 and/, in many instances, the
utility is asked to send a service- man to do the Job. * Aireon's
product will eliminate this expense and service.
Merely tilting the
The company on Jan. .28 filed a. registration statement with the SEC,
for 1,000,000 shares/of .common, stock,. „;
J
-
MISCELLANEOUS
•
local
-
{ Affiliated Fund, Inc.—Registers with SEC—
,
de¬
posit are beinjr notified by the bond-holders' protective .committee thatit has abandoned its plan of procedure dated March 15, 1939 and that
the committee intends to vote all the/bonds on deposit at the time
of
from $500,000 to $900,000.—Y. 162, p.
serve
-
meeting of holders, of first mortgage gold
will be held in the Royal York Hotel,
1953
due
.
INSURANCE
-
•
on
1939—
Copy
a
Corporation and Investment News
PUBLIC UTILITY
-
•
.
.
Price 60 Cents
Y., Monday, February 4, 1946
Unearned premiums increased from. $3,417,389 to $3,683,808.
The
Abitibl Power & Paper Co., Ltd.—Bondholders to Vote* >
surplus increased from $2,322,228 to $2,324,692 and. contingency re¬
New Plan-—Committee Abandons Plan Dated Mar/5, ;
•
1946
FEB 4
LIBRARY
-
'
■
/,/,/In
the
ordinary department
of
the
Aetna Life
was $188,866,227,
16% more than in 1944.
Total
in force increased $83,071,615 to $2,075,765,070.
life
new
Investment News. ,645
703
Redemption Calls & Sinking Fund Notices. _ 691
Dividends Declared and Payable.—.—:
692
The Course of Bank Clearings—
690
General Corporation, and
insurance
New. insurance on group life end employee plans amounted to
$220,280,657.
Total group and employee Insurance in force shows a /
sharp decline of $336,250,569. /This is due to the abrupt cut-back of :
employment in war industries following V-J Day.
Insurance in force
is now
8180,818,931
and health
{Combined/ Condition Statement of Federal
premium Income of the Aetna Life Insurance Co. of
includes annuity premiums of $34,817,727 and accident
premiums of $37,446,219.
Interest
and
rents
received
$35,719,530
were
which,
added
the
to
Crop Report for 1945^
OP
AETNA
CASUALTY
&
691
.
Tool
;
.
/
REPORT
■
.Latin
Collision business.
.969.
and; rents
Interest
Unearned
Surplus
/reserve
■
after
total
taxes
•
,
OF STANDARD
FIRE
%
this
that
•
American; market.
with the Securities and
•
tion,..
/
The
.
the beginning of manufacture,
within the next few weeks, ef an automatic phonograph, and a circuit!
breaker for home and industrial use.
The volume of business obtainea
for
the
phonograph: alone, after three models were displayed in
October;, places Aireon among the leaders in this industry. ;
plans- provide
company's
r
The
circuit
breaker works
for
on
the -principle, of
ELECTRONICS
FLORIDA & NEW JERSEY
a
fuse, but 'requires
;
.
■
shares of
The
Davis
-
•
5%%
of
common
two
stock.
principal
New
.
-
.
covers
cumulative
$1,000,000 5^ debentures, 100,000
preferred stock, and 90,000
convertible
.
York
•...
■;./:•
-
companies
■■•;.
are
■'
•/./,
Wallace,
„■
■
Burton
New
York,' and
'
The
Ouerbacker
Coffee
Co.
and
Foods,
Airline
"
NEW YORK
RAILS
STOCKS, INC,
DIVERSIFIED ■//:///
'
INVESTMENT/WND ■ *;
PROSPECTUS ON REQUEST
Kobbe, Gearhart & Company
qAllen & Compan y
Members
Established 1922
NEW YORK 4, N.
NY
'
:'
t
'
incorporated
_
*
New
York
45 NASSAU
Telephone"
REctor 2-3600
Security
'
/'
..
HUGH W.
/ F,nterpri«e fl01ft
*
Bell Teletype
New York 1-676
LONG and COMPANY
INCORPORATED
Dealers Association
STREET, NEW YORK 5
Philadelphia Telephone
•
.'-s
■•:'
&
Inc., established in 1890, and Max Ams, Incorporated,
established in 1368./ A third company is Herman Kussy Co., a wholesale grocery concern in New Jersey, established in 1882;
The other
companies are: Richard .Frank & Co.,; Inc.; and Hahn &. Wessel, Inc.;
MUNICIPAL DEPARTMENT
Exchange Commission Jan. 29 by this corpora•
■''■ ■'■:/"/./•//'■/ ■. :
/
Co.,
:
INDUSTRIALS
Bell Teletype
;.../-v,::■/•;/;.;/■//■/:
•
•
■
municipal Bonds
h*-2800
\.
registration.statement,
"
Teiephottf
■
The formation of a new food combine, embracing seven long-estabfood procfc£Sing>and wholesaling companies in New York, New
Jersey and-Kentucky, was revealed in the registration statement filed
manufactured by it..
The announcement further goes on to say:
The
SPECIALIST IN
80 BROAD STREET
approximately
\ters Securities With SEC—
corporation,
_
INSURANCE CO.
an/underwriting loss of $13,898 '
interest and/rents after taxes were $184,484.
Supply Co.,
//shares
is $687,-
$15,907,129.
contingency
is' announced
business/ Most of this is for products never before
/
increased
from
$14,146,481
to
from $10,951,525 to $10,539,07$ and
increased from $2,500,000 to $4,700,000.
recapture
lished
utilizing engineering and
production experience gained during, the war, has been instrumental
in obtaining signed
orders ..for more than $27,000,000 of peacetime
It
$957,690.
were
premiums
The Standard Fire Insurance Co. had
and
underwriting loss
decreased
REPORT
.-
The
to
/////:://;/:t^///'''/////;/- //'■'/^
I Airline Foods Corp.—Food Companies Merged—Regisy
Profitable results in the Ocean Marine business are more than offset
by the unfavorable trend in loss ratios on other lines, particularly in
Automobile
;•,■
Until Aireon goes into peacetime production, within the next few
months, its expenses will exceed income.
However, when, full produc¬
tion gets under way, earnings will begin to accrue.—V. 163, p. 305.
/ ■ Aireon Manufacturing Corp.—Has $27,000,000 Orders
—Sells Plants and Leases Kansas City Properties—
.
:
OF AUTOMOBILE INSURANCE CO.
expects
companies by Aieron include Mid-Co
of Oklahoma, engaged in the manufacture, repair,
/,
,
.
Aireon
other
702
Capital Isues in Great Britain
-
.
Tare
.
of
..^service and distribution of specialty oil well equipment; Cinaudagraph
-
The Aetna Casualty & Surety Co. showed an underwriting profit of.
•83,502,833 ahd Interest and rents were $2,367,223.
These earnings
before Federal income taxes of $427,294.
,
Early in the year $3,000,000 was transferred from surplus to capital
"account, increasing capital from $3,000,000 to, $6,000,000. /Unearned
premium reserve increased from $23,431,557 to $27,015,834/ Surplus,
•which at the end of last year was $28,661,359, is now $29,207,348.,
Contingency reserve increased from $3,800,000 to. $7,600,000.
V
acquisitions
•Speakers, Inc.-, and Oxford-Tartak Radio Corp., manufacturers Of radio;
speakers, and Lewis Electronics, of California, manufacturers of vacuum
tubes. for. radio transmitters and industrial applications/ ./. •
////
In May of 1945 Aireon, S.A., a Mexican corporation, was formed to
facilitate the handling of certain business with the Mexican raflroad
..system.
The Mexican company's scope has been expanded to Include
; operation of a field engineering, manufacturing and sales unit for the
699
702
702
/
:
&
amortization
:"'•'•'///////•/,''•.,'//«■/
:
Recent
.
702/:
702
Bank Debits for December..
NYSE Share Values in DecemberNew
such
Fiom
;/$400,000../
691
_________
Hotel Sales in October.!.^
November Consumer Credit.—
*
SURETY CO.
-
of
Federal Reserve
premium income, gives a total income of $216,538,461. , v.
'
/
net interest rate earned in the life department was 3.16^
/against- 3.17',» in 1944.
///''fx-;
:
In the participating depaftmeiit, $3,386,822 has been set aside for
payment of dividends to participating policyholders in 1946.
•
•
The
company has applied
$10,596,295 to strengthen its ; reserve
.basis of life, and annuity contracts.
Surplus increased $5,244,836 to
$45,007,346: ; ; The contihgsncy reserve increased $15,500,000 to $59,900,000.
Capital/ surplus and contingency reserves total $119,907,346.
5,v:v The
REPORT
Statement of Member Banks
System..
Condition
'
-
Reserve * Banks-Ll—.1/.^-
:
-
691
Foreign Exchange Rates.——
$3,444,055,402..
total
The
-
State and City Bond Oferings and Sales—
ordinary insurance
48 WALL STREET
NEW YORK 5
634 SO. SPRING ST.
LOS ANGEUES It
:
Inc.
646
THE COMMERCIAL & FINANCIAL CHRONICLE
•
equipment (net), $482,099; patents, $1; tools and dies, $410; prepaid
$5,592; uncompleted shop orders, $2,799; total,'$2,191,965,
Preserving Co.) In Louisville, Ky.... The youngest
established in 1919.
- •
to purchase 82r/o of the capital stock of The
Atlantic
Macaroni Co., Inc., of Long Island City, N.
Y. which it
holds under option.
This company established in 1892, is the manu¬
facturer of "CARUSO" macaroni and spaghetti.
The name "CARUSO"
Goodwin
(formerly
businesses
these
of
picture
of
volume
will
which
$10,000,000,
than
more
of
The
of
with, the acquisition
at
due
December—
Net
from
Net
ry.
incoine-
21,174
689,228
224,411
19,616,298
21.896,607
163,
:
6,373,012
railway.
income..
The
at
8.345,508
1,815,363
9,844,578
2,409,124
fund
redemption
accrued
will
be
made
at
i,
part of
November
Workers
producing
at
(CIO).
or
'
,
near
1
Santa Fe Ry.—Earnings—
Fe'Ry.)
1945- -12 MOS.-—1944
1945—Month—1944
jjj. ■
V> ' jjj
..'"v-
' V
' -,'v*
35,285,021
43,046,378
23,379,765 404,459,607 303,738,777
8,129,639
81,612,242 158,347,230
and
aggregating b_4,J6U,000.
York
New
♦For the
V7 162.
;
163," p. 461., Lv.
also V.
Bee
.
and
authorized
said
1'-
The
-.
said
'
stock,
-
their
at
preference
stock
common
i
of
Chester
London
Beatty,
162,
-
•">
stock
«'V-
u"
'*<■',l.
f" 'X
<
\
interest.
Bank,
'
■
1945—12 Mos.—1944
1945—Month—1944
*'
'
\J 1
C'">} 14
i
Xx
^ 'x' y ■*' >.y'' "r,
1y7
•
1
^
*
•
expenses___.
26,131,343
Equip, and joint
ity, rent ~Cr
9^222,673 123,207,152
z
Net ry. oper.
•
<
380;101
3,642,410
4,439,562
♦1,362,626
income-
1,687,674
5,447,059
13,672,45*
'
.
,
"operating expenses" and
"amount required for taxes" for the month of
NQTE—The excessively
the.
237,763
^
^Deficit.
per
93,834,279
4,067,775 '15,489,469 ' 62,112,019
2,000,000
C^OO.OOO
44,000,000
facii-
'
large
large
amount
of
credit to
lb45, result irom
recomputation of amortization charges in
company's e.ection to use tne shortened period
the current tax laws and the President's procla-»;
1945.
The charges to operating expenses in December, 1945, for amortiza*
tion,- over and above what such charges would have been on a 60inonth basis, amount to $16,120,634, and the related credits to taxes
araouut of approximately $ll,750,00u.December,
this
with
accordance
as provided for in;
mation of Sept. 29,
Of Selection Trust Ltd.
partner of Lehman Bros., have
vacancies.—V. 162, p. 2139.
' '
Director
Managing
Bunker,
H.
directors to fill existing
$123,000
National
southern
10,656,480 ■-13,290^448 138,696,621 155,946,298
to
$25)
&
2635.
p.
Net oper.
revenues._ ♦15,474,863
Taxes ____--__-_J.w_>.2iCrl4,350,000
„>
option,
(par
Citizens
.revenues-^—
$1
par
Jr.,
Arthur
and
elected
been
Ga.—V..
The
Operating
American Metal Co., Ltd.—New Directors—
'A.
made- at
Operating
/
,
by $5,587,600 as provided in
has called for redemption on March l, next,
bonds,. 3% series due 1963, at 101V2 and
be
Atlantic Coast Line RR.—Earnings—
'*
■'
v
convert 1 rhare of
share into IV2
per share
at any time prior to*
Sept. 30, 1950, and thereafter and prior to Sept. 30, 1955, to convert
1 share of: 5 %: convertible/ preference stock into 1 share of common
stock,—V. 162, p. 3066.
of
-convertible
of
shares
will
Atlanta,
trustee,
;•
of Addi-
common
V
include $54,299,659 Federal
with $133,288,566 in .1944.—'
mortgage
Payment
proposals changing the company's $2 cumu¬
preference stock from no par to $25 par and re-de~ignated
stock as "5%
convertible preference- stock," granting the right
5%
the
ended Dec. 31, 1945,
'
company
first
of
adopted
the -holders
to
.
5,815,595
60,178,928
Atlanta Gas Light Co.—Partial Redemption—
1
-•The holders of more than a majority of 'the outstanding .Shares of'/
the preference and common stock, at a special meeting Dec. 12, 1945,
lative
12 months
p. 3187.
Period End. Dec. 31—
..
:5,547,123
733,023
-
income and excess profit3 taxes compared
Stock
1,37.7,652,.•.V
528,703,149 528,080,530
5,803,951, * 37,084,177
129,213
N«t ry. oper. income +. ;-2,184,475
.
Borrowing of $25,030,000—
additional share of
debits
Other
-
the Company, to borrow $25,000,000 from six banks
payable semi-annually, was approved Jan. 30 by-the
Exchange Commission.
debentures
590
"
down the outstanding preferred
the refinancing plan.—V. 163, p. 185.
be
33,620,817
Cr649,484
Co.,
Trust
Guaranty
the
Broadway, New York, N. Yv-
Authorizes
all
March 2, 1946,
UoO at 102,
on
Jan.
due
and 3% % 'debentures due Jan. 1,
interest in each case to
date set for
Exchange, has authorized the listing of 137,stock (par $1> upon official notice of
issuance, upon the conversion of its 5% convertible preference 'stock
making the total number of shares of common stock applied for
.
will be on the basis of one share of new preferred
and $10 in cash for each share of $7 preferred, and one
share of :kl
new
preferred for each share of $6 and $5 preferred plus cash divi-v
dend adjustments.
>V'' - ;/ .'"
Any shares of old preferred which are not exchanged, will be re¬
deemed at the call prices of $115 for the $7 preferred and $105 for
the $6 and $5 preferreds, plus accrued dividends.
•
•'...v;
The
company also proposes to borrow $7,600,000 from banks on &
10-year serial loan at an interest rate not to exceed 2%.
The pro¬
ceeds will be used to reimburse the company for the prepayment Dec.
31
1945, of the balance of $2,250,000, 27/e% old bank loan notes, and
to'pare
latter
A Smelter
will
revs._l_.
the
bank loan and treasury
funds company will redeem all
outstanding long-term debt evidenced by three series of sinking
The
company,
^TheTexchange
■l
Mill
plants
105
at
American Investment Co. of Illinois- -Listing
wholly-owned subsidiary of Commonwealth & Southern Corp.,
has asked the Securities and Exchange Commission to ap¬
prove a plan to reduce the amount of its preferred stock outstanding
and to lower the dividend rate.
Company proposes to issue not more
than 300 000 shares of new 4.20% preferred (par $100)
and to offer
to the holders of the 355,876 shares of its outstanding $7, $6, and $5
preferreds the privilege of exchanging their holdings for the new
The
the
since
Mine,
Railway oper, expenses.
♦Railway tax accruals.
tional Common Stock—
J^
Co.—To Finance Preferred Issues—
Alabama Power
down
V-J
y'/ jj*
$
interest,
its
65.
p.
the
Period End. Dec. 31—
With
of
3,000,726
the
all
shut
(Incl. Gulf, Colorado & Sante Fe Ry. and Panhandle & Sante
proposal of
2 7c
19,749,292
23,537,962
11,283,600
1,507,996
railway.^
$1,821,449
914,734
481,625
for
debentures
1960
1,
Payment
140
SEC
Securities
1—
oper.
ry.
—V.
$2,022,981
413,201
80,136
oper.
from
Net
$1,541,983
8,232
from
Gross
Net
railway- ._•"• $1,218,887
Jan.
From
trustee,
railway——
from
Gross
called
2%%
Jan.
106Va;with
redemption/
1942
has
outstanding
1970
1943
of
that
Atchison, Topeka
$225,000;
company
its
:
debentures
1
1944
'v
1945
strike
Railway oper.
Southern RR.—Earnings-
Alabama Great
been
a
expected
1
gradually acquired by Jerome
the last 20 years, starting
Wallace, Burton & Davis in 1926.
{< - / \
Jennings over
Milton
had
of
result
was
capacity by Feb. 1.—V. 162, p. 2634.
American Gas & Electric Co.—To Redeem Debentures
)■;.
purchase of The Atlantic Macaroni
$12,000,000 upon completion of the
Co
These companies have been
payable,
$88,978;
accrued
taxes other than on income,
capital
$118,688;
above
increased
be
accounts
reserve
for
post-war
conversion of
plant,
stock, $231,400; capital surplus, $410,000; earned
surplus, $459,987; total, $2,191,965.—V. 162, p.,2937.
renegotiation,
of the famous Italian tenor have been used by the
company
ever
since Enrico Caruso himself gave the company the
exclusive right to use his name and picture on macaroni products.
The
seven
companies, which have been merged, have a net sales
the
and
It
payroll
and payroll deductions, $21,557;
$8,449;.
Federal taxes on income, prior year, $561,640; accrued dividend, $28,926; accrued miscellaneous, $38,140; lease deposit, $200; reserve for
LIABILITIES—Trade
the
as
expense,
was
intends
Foods
Airline
Monday, February 4, 1946
The plants
SELECTSD INCOME AND BALANCE SHEET ITEMS FOR NOV.
RR.—Acquisition and Operation— 1
1 ' S
10 issued a certificate authorizing the acquisitionand operation by the company of a line of railroad formerly owned
by the Southern Railway extending from Statesville to. Taylorsville, ®
approximately 18.5 miles, all in Iredell and Alexander Counties, N. C.
;
'
Alexander
ICC
The
.
Bank
—V,
of
Chairman of the Board *>f the
New York,: has been; elected a director to
Welldon,
A.
2009.
162. P.
;
ital
capital
An
stock,
:
First National
fill, a vacancy.
;
f
The
the
'
Called—
v
■•
461.
•
'
\
The
half of
latter
figure
dividend
of
the
of
total
a
this year.
facilities to cover -
'■■
food.
The
share
per
foil
Company Elected—
Co.,
subsidiary,
a
;8t. Louis.—V.
163,
>
305; V.
p.
-
to
/?•*
'■>
.
'
>
H
162, p. 2809.
{
w
i
1
•
{v'
4
1
'
\
i"1
'<!'(, I
/
/
„
\
7
i
*<**
\
•
w z J* \i
' f cl
Z
■'•.
'
...
.
railway
.
;
,
Miscell.
i
$626,100
22,848
ftjn.
$60,926
$55,083
$648,948
f
income
,
,
„
.
Materials
American Brake
Shoe
of Brake
rection
The
Brake
'
v '
Cash
sold
^
$421,154
($180,585
Fed. inc. taxes
$222,698
$438,933
Audited
($18^,551
returns,
Unmatured
Accrued
Other
859
99,625
52,791
$119,971
$121,764
j
$79,187
ASSETS—Cash,
Inventories,
facturing
SHEET.
U.
$225,591:
supplies,
reserve
$9,747;
S.
NOV. 30,
for
other
claims,
inventory
assets,
shrinkage,
$6,353;
$120,000:
$455,276;
plant
and
tax
Total
A
.
was
31,612
157,220
342,812
>
/
■
2,196,510
•.
'•;/'
•,
'
payable
-
-X
16,965
"
accrued
36,946
"
10 168
$1,274,225
$1,294,841
564.859
'595!46'l
159,878
164 786
78 339
S. Government
41 699
:
taxes
unadjusted credits
p.
66.
settlement
City,
resumed
i
Zinc,
111.,
on
Lead
&
26/
111.,
,
Smelting
in
reached
Hillboro,
Jan.
/ •
,
.
has been
,
$45,500,471 $72,268,193
26,195,610
48,567,958
' 1,451,919
Government taxes
2,815,049
'
-
i
/
i
t
v,
*
series B, of the
company
Jan. 8, last, at $101.50 a share at the
offered to them
rate of one share 4
each 26 shares of common held. The
expired Jan. 25.
The balance of 16,347 unsub-jl
of preferred for
rights
scribed shares was ourchased by an
underwriting group
been sold. -"/ /
■headed by. Smith, Barney & Co. and has
This completes 'the current' financing program on behalf of company ,
involved, in addition to the offering of 192,000 shares of new,
.
which
preferred ftack,
000,000 20-year
the
Smith,
the sale earlier this month of a new issue of $25,2%% debentures, due Jan. 15, 1966, at 101%',: by?
Barney
A Co.
syndicate.
$25,-r
15-year 3% . de¬
redemption, at.
'3.01'/a.
The balance was added to the general funds of the company
to
be used for such purposes as; the
repayment of bank loans and
other obligations,
the acquisition-and development of additional pro¬
duction, and the expansion of refining, transportation and marketing
Of
■i
the
375,000
net proceeds from
*•"•''.. v '••
underwriters,
facilities.
For
V.
the sale of both classes of securities,
used to redeem $25,000,000 outstanding
due Sept.
1, 1953, which were called for
were
name
of
163, p. 306.
•':;•!/
etc.
see
issue
of Jan.
-
14,
page
'
....
187.—
'
'
liabilities
U.
liabilities
3.60%
stock,
760,247
124.137
____,
_____23 018
14,995
42.740
34,017
41,233
accrued
liabilities
current
than
7-
-2,798,646
$391,333"* " $392,574
39,993
' 40,100
>
689,378
1,235,140
3,756,231 ;
51,383,007
985,151
823,427
X 1,066,674
27,647.529
674,749
.
bentures,
payable
wages
!
17,912
"
Atlantic Refining Co^Preferred Stock Sold—Common
stockholders of the company subscribed to 85,653 shares)$
of a new issue of 102,000 shares of cumulative preferred
on
12,851
• 2,233 '
——
.
2,636,484
895,448
-
583,825
—
Total current, liabilities—
v
2,016
,.
163,
mount
•
accrued
and
.
.
Co.—Resume—
the strike
at the
Columbus,
■
-
X
company's Fair-
O.;' plants
,
..
and
_
,
unadjusted credits
2,226,004 : 2,031,528
.;
♦Includes payments on account of principal of long-term, debt (other
than long-term debt) In default which will become due' wjthln six
months after close of month of report.—V.. 163, p. 66.
> 156,764
ITEMS—
liability
American
trade
productive
$20,901: manu¬
property,
rents
'
.
.
Other
|
1945
securities,
Govt,
381,250
2,846.
23,498//V -1,293'-
interest
•
_
Other
562,000
249,938
-
.
Analysis of accrued tax liability U. S. Gov. taxes
including depreciation.
and discounts.
(Loss.
termination
6,658,081 £
payable
unpaid
unpaid
Other than U. S.
1,281,200
23,047
unpaid
interest
current
Other
$86,190;
4,031.361
Analysis of accrued tax liability U. S. Gov. taxes
" $2''
.
142,845
;
and
accounts
matured
current
Other
,
8,071
:*
■
—V.
$818,806;
receivable,
.
and general expense,
BALANCE
.
accounts
Sl.S^S.SSS
2,682,640
7,718,202
3,408,116
876,473
18,836
<Cr)
Accrued tax liability
4
.
■
.,140,746.
(Dr)
••
accounts
matured
2
"497,000
249,404
;
assets
accounts
Unmatured
allowances
administrative
♦Selling,
tAfter deducting
$2,022,555
months.—_
.Unmatured rents accrued
'
22,i20
1
balances
LIABILITY
Miscellaneous
Interest
$132,837
317,612
(est.)—
income——
"
■
;
^
V*
SELECTED
,
Net
six
Dividends matured
"
*
:
assets
Total Current
8,901
>
1,310
1.350
966
deductions-——..
12,203
204,888
49,688 j
.
,
1944
'
$73,348
19,627
(road)
supplies
~
/
10,571,355
1,600,998
ITEMS
maturing within
and car-service balances
Unmatured
40,479'
.734,581
debits
car-service
receivable
736,274
$2,189,62ft
l,437,051-
$66,572,564 $91,638,726
____
LIABILITY
Unmatured dividends declared;
'
.
1945
receivable from.agents and conductors
accounts receivable
^
current
■:'
$210,496 f-$123,936
17,779
.
and
Rents
$860,210
787,780-^
'
_____
Other
^
1942
;
30
NOV,
Interest and dividends receivable
J
•*",
13,048,762
current "assets
debt
Interest
349,011
312,116
54,760
ITEMS
Miscellaneous
and
______
\
supplies
SELECTED
Traffic
246,7^6
.
54,464'
6,051
66,839
SHEET
for addi. & betterments
__1
Traffic
,35
$998,277 ".;
$2,725,757
2,304,603
2,583
income
1943
cash Investments
and
Total
'
♦Funded
•
,
taxes.
unadjusted
Net bal.
3186.
p.
A
($183,168
profit
income-—
Total
Other
'
V
249,645
22,402
-
-
______
income
Materials and
expansion
an
Ltd.—-V. 162,
1944
$133,719
316,887
! c
sales
Operating
Other
24,289
"
defense
,
Temporary cash investments
special deposits
/
Steel Division.
planned
Socket Co.—Earnings—
1945
3 Mos. End. Nov. 3C—
of goods
has
I;-.■■■ li;
J*
American Forging &
(Gross
Manganese
Co,
Shoe
for Joliette Steel
program
807,532
' L'194#A^-
18,985,148
,
$404,458
$4ll;459 '
$33,423
Expend, (gross) for addi. & betterments (equip.)
Invest, in stocks, bonds, &c.» other than those
of affiliated companies
Co.—Buys Canadian Firm-—
American
Shoe's
American
of
Expend, (gross)
,
* *
Rents,
.
Jr., President, on Jan. 24 announced the purchase
by this company of Joliette Steel Ltd., a large producer of man¬
ganese and
alloy steel castings in Canada.
The acquired company
will be operated by the present management, working under the di¬
♦Cost
239,648
,
>
SELECTED ASSET ITEMS—
•
William B. Given
mechanization
J" (1945
A
-
Interest and dividends receivable •
:
;
1,202,343 .
receivable273.230..'
Other,current assets
•
49,053
/
4,104
229,545
-
(way
BALANCE
-
.
XTEMS-^'''
21,133,078
17,527,409
31,223,133
Special deposits
; 2,816,301 > 4,391,185
Net bal. receivable from agents and conductors
1,239,755
2,068,748
Miscellaneous accounts receivable ____________
11,430,563
16,390,152
21,797
7,944
287
21,372
$40,005
—
Projects
Other
:
'
20,700
and
structures and et(Uip.)
Federal
start from Stockholm on Sundays at 9 a.m.,
11:30 a.m., arriving in New York at 6:20
J
9,836
—
Temporary
$648,210
-
221
Amortiz.
at
(all times are local times.) s*-rV. 163, p. 305.
2,470,281
9,131
Cash
$626,413
Charges——
Depreciation
,
,
will
flights
3,087,851
4,918
Other- unadjusted debits
•
from
deducs.
fixed
Net
hagen-Stockholm flights will leave from Marine Terminal, La Guardia
Field, on Fridays at 10 a.m.. arriving in Copenhagen on Saturdays at
jL2:25 p.m., and in Stockholm at 2:55 p.m.y
Copenhagen
1,235,140
4,213
SELECTED BALANCE SHEET ITEMS NOV. 30
Miscellaneous
.
from
—
stock_r
preferred
.
Olso, Norway, will be added to the schedule.
The weekly flights will be operated by American Overseas Airlines,
the transatlantic
operating division of the system.
Planes' in the;
service will be 4-engine DC-4's of latest type. / The New York-Copen¬
Westward
v
stock—;
common
.
$52,388
2,695
income
Total
■
3,068,721
-
-
:
Inc.—Output^
2,687
$58,239
inc.-
oper.
income
Total
,h
Inaugurated by American Airlines System on Feb. 1.
The service at
the start will provide one round trip each week
between New York and Copenhagen, Denmark, and Stockholm, Sweden.
and
5,555,910
34,200,000 '
taxes—
appropriations
.SELECTED:'ASSET
-
Later,
6,732,032
13,900,000
Expend., (gross) for addi. & betterments(road) ; $4,171,298
Expend, (gross) for addi. St betterments (equip:) . 3,743,709
Investment in stocks, bonds, Ac., other than
those of affiliated companies 2,256,352 ;
1945-^11 Mos.—1944
1945—Month—1944
"
income
Other
countries was
Direct airplane passenger service to the Scandinavian
income
\
.
American Airlines, Inc.—Service to Scandinavia—
,
'
562,381
3,150,000
Jan.
Period End/Nov; 30—
Net
>
*,*
\
,
'
3,108,903
623,545
*
On
Ann Arbor RR.—Earnings, etc.—
President
elected
been
has
.
278,875
Audited accounts and wages payable
of the Aluminum
succeed Charles B. Fox whose retirement
from
active
business
was
announced (recently. Mr. Williams was
Vice-President and first assistant to Mr. Fox,
with headquarters in
Ore
Williams
B.
,
$8,449,498 $11,727,023
$1,752,831
288,066
defense
On
be
.
223,667
5,036,225
8,308
'
output of the electric properties of this company for the1 week;
26, 1946 totaled 73,513,000 kwh., a decrease of 17.85%.
under the'Output of 89,487,000 kwhf for the corresponding week if
1945,
"
'
- * •
4
There has been a correction of 0.22 on last week's decrease, instead
of 10.16% » 'as will be noted.-r-V. 163, p. 461.
ended
%
New President of Aluminum Ore
Allen
■
Federal
Dividend
-
$568,803
—
(way -and
anfl equip.)
of
.
42»,d32
.
1
projects
Power
l
wide
frozen
a
double the company's present
than
more
manufacturing capacity.-
will
■.
a'-'"v.
'■
will
program
for tenders-
increased by the amount of
that has accrued1 from Feb. 15 at the rate of 50 cents
$120.75
■■>4 American Water Works & Electric Co.,
■
aluminium foil,
increased demands for
of
abreast
keep
to
income
structures
.
customer requirements.
The changed facilities at Edgewater will provide
for specialized foil production.
,
■
According
to
company > officials,
this program of expansion is
particularly in the packaging industry where foil is used for
variety of products ranging from cigarettes and candy bars to
Net
Depreciation
225,517
4,0<»9,o86
9,028
37,341
242,824
.
__
on
exceeding
$2,218,004 $12,769,629 $10,994,223
46,465
iix'ed charges—
Contingent 'charges
corporation's
not
anticipated
necessary
share
per
month and / will be decreased to the extent of any
on the same.
<
<
1
Tenders shoula
be se-u., oy registered mail to The First National
Bank of Jersey City, agent for the corporation, One Exchange Place,
Jersey City, N. J,
•
.
f 1
The dividends in arrears at Dec. 31, -1945, amounted to $1Q per
share.
The. dividend has been accruing from Jan. 1, 1946 at the'
rate
of 50 cents per share per month, or
1.66 cents per day.
,*Ihis offer may be terminated without notice at any time by action
of the board of directors.—-V. 162, p. 2139.
.
' > -1
Expansion—^0^
Kensington will provide improved
to
up
the
the
Changes at New
cents
25
per share / per
dividends paid
;
changing of facilities at New Kensington, Pa., and the
increasing of facilities at Edgewater, N. J. '■ ■*>
This improvement of operations is expected to be completed during
the
accepted
the
include
will
works,
of
first preferred stock will
10.Q00 shares at a price of
$120.75 per share, which is the redemption price plus
accrued and
unpaid dividnds amounting to $10.75 per share as of Feb. 15, ls46.
As to shares for which certificates are received after Feb.
15, 1946,
chares
of
Tenders
be
i
'
-
dividend
a
-
5,009,440
5,959,944
from
—
Total
payable March 15 to holders of record
regular distributions of 20 cents
$25,
1,284,725
$958,192
_______
Amortiz.
plans an expansion in foil manufacturing facilities
installations of equipment in its Alcoa, Tenn.,
company
which
f\*
i
%
^
America—Plans
Aluminum Co. of
were.
declared
par
1945^.11 Mos.—1944
' $933,279 ? $6,809,685 $11,984,783
$820,825 '
137,367
,
,
preceding quarters,
made.—V. 163, p. 185.
American Superpower Corp.—Invitation
^
: '4
■
...
have
stock,
In
'
inc:_
income
Total income
Miscell.
deducs.
j-
Roiling Mill Co.—Increases Dividend—
directors
common
13.
.
See also V. 163, 4).
1946.
4,
:-f.
i,!,
,
convertible pre- *
ferred
stock, $100 par
redemption onf
March 4, 1946, at $104 per share, plus accrued dividends of $1 per.
Share.
Payment will be made the Guaranty Trust Co., redemption |
agent, 140 Broadway, New York, N. Y.
'
- /
Each share of 4% preferred'stock is convertible into *214'shares of.
common
stock at any time up to. the .close ' of business on March
/
railway O'per.
other
.
shares of 4% cumulative
value, have been called for
outstanding
the
of
snare
share on
cents per
60
since.—V. 162, p. 1883.
American
Feb.
Allis-Chalmers Mfg. Co.—Pfd. Stock
of
income
each
All
Net
initiaj distribution of: 50 cents per: share was made - on;.June
last year; none
,
%
par 50
dividend
a
1945—Month—-1944 7
Period End. Nov. 30-^
Dividend-
tne
the
cents, payable Feb. 25 to holders of record Feb. 11.
ne
,The directors nave declared
Lave
Corp.—New Director—
Allied Chemical & Dye
Samuel
American Railways Corp.—Larger
Jan.
on
work
Atlas Plywood
Corp.—Acquisition—
has acauired for an undisclosed amount of ^sh
the Plvmouth Box & Panel Co., Plymouth, N. C., Elmore I. MacPhie,
President, announced.
The purchase includes a large plywood manu¬
facturing and packing case
fabricating plant,- : a complete sawmill,
drying kilns, a power plant, an undisclosed amount of standing timber
and purchase options
and stumpage contracts on .-woodlands in the
vicinity of Plymouth.
>
• '. .
The addition of
the Plymouth plant brings < to 22 the/ number^of
The
corporation
^
THE COMMERCIAL & FINANCIAL CHRONICLE
yolume. 163Number 4461
In
the
U.
vated
by
Canada.
and
S.
peacetime
record
a
and,soft goods
MacPhle
Mr.
said
demand; for
p. 2811.
industries.—yfV/162,,
the
packing
normal
by 'durable
cases
-'n\
*
,,
market prices
moti¬
purchase was
and
of
York
New
Stock
announcement
an
March
19
Exchange
of
special
a
Jan.
29
stated
meeting
of
stockholders
on
its
that
release
called
for
1944.
Corp.,
Tn
'
has
Avco
Conn.—Report—'
stated
production
of
the new
in
<\r
/ /I'
^
'i/'t
f
»*£
•
^'4
Golder
ing
extended
been
in
Vice-President
nouncement
to Include
made
Howard E.
on
that
stated
said
the
•
Life
other
rwy.
642,443
7,771,867
$2,740,432
Cr362,643
;;
$77,210
Rent income
:
£>r8,622
■
at
of
railway
Other
Income
Inc..
income (net) —
868.588
oper.
avail,
20,305
-
/
1,628,233
charges
charges
;
Net
income
45,209
V/
5,194
120,714
$131,295
26,633
$1,232,913
$43,684
„—
♦Deficit.—V. 162, p. 3187.
62,200
60,381
$1,295,113
548,009
$111,876
*45 4th
quar.
$1,515,697
iri the
$747,104
$947,421
Bath
on
Jan.
Capitalization--
29
Iron Works Corp.—New
(Me.)
$55.22
number
of
Peter N.
in charge
.(;
employees
and
;h
the
of
ten
stock
stock
will
stock
A
'
such
other rights.
no
to
name
the
carry
Then
years.
have
will
for
($5
right
voting
The
pan
select
rights shall
also provides
plan
Commodore
to
Hotel, Inc.—V.
.
,
:
income
The
company
2,929,215
1,559,034
.4,582,259
7,260,238
74,688,099
16,077,858
53,309,398
204,681,797
6,922,076-
14,285,551
'3,740,594
45,851,404
47,147,116
sti.„
11,447,858
at
•
The
March
1,
24
the company
145,000
145,000
$3.10
$1.41.
:•>
that in
18,
due
to
to
at
common
exchange
the
rate
the
as
permanent
mechanical
holder
A
of
of
two
printing
old
the
said
,;
with the stock split-up
stockholder's meeting, it is
certificates of $2.50 par value
connection
special
a
stock
shares
for
of
certificates
conditions
$5
the
the
stock
temporary
for
new
the reorganization
Pedro,
,
for
the
r
'
34,947,116
36,167.723 V i
$9.52
$9.93 .'
common
share
one
-c
1
* y_
\
v„
1
i
}
'
'
Corp.—Listing of Bonds—
Vice-President—
dividend
share
com¬
'
"a
a
payable
quarterly dividend of 35 cents
March 1 to holders of record
10 cents a share over the
paid.
Since the common stock was split on
corporation has maintained a regular quarterly
of
increase
an
dividend
the
15,: 1945,
dividend of
voted
30.
stock,
common
represents
This
quarterly
March
Jan.
on
the
on
Feb.} 11.
the
on
announced."
•
-
',,
*
'£'<■
cents
25
share
a
on
the
stock
common
and
in. Nov.
to holders
"
•
4
'
\
Feb.
XL
officers - of the;, company were re-elected as follows:
Love, President; William Klopman, Senior Vice-President; "
John C. Cowan, Jr., Vice-President and General Manager; Britt M.
'
Armfield, Vice-President in charge of foreign operation; William J.
Armfield, III, Vice-President; L. A. Stadler, Vice-President; William
Si Coulter, Secretary and Treasurer and C. E. Rowe, Controller.
: >
v
Spencer
Three
Burke
I
*
of- record
.Principal
Vice-Presidents
new
M.
McConnell,
both
elected:
were
of
whom
F.
were
D.
Frissell,
former
Jr.,
and
Assistant
Vice-
Presidents,1 find Walter E. Greer, Jr.—V. 163, p. 307.
^
Cambria & Indiana
Period End. Nov. 30—
Net ry.
Other
and
•
$57,851
$540,235
1,359
Income———
During the year, certain fixed assets, including part of the Leetsdaleat Leetsdale, Fa.; as well as various other miscellaneous prop¬
Works
sold or dismantled.
The net amount received for such
assets was substantially less than their aggregate book value and the
difference, $1,559,034, was charged to income in 1945.
.A"':-,During 1945, $1,500,000 was added to the insurance reserve and
$1,200,000 was added to the reserve established in 1939 and deducted
from total inventory Values to provide for a possible decrease in the.
were
'
1,814
18,715
(
19,234
$52,616
.
$59,665
$558,950
$620,698
Miscell. deducts, fr. inc.
'
Total, fixed charges;/—
1,540
&
1,550
1,475.
$601,464
16,326
2,067
16,399
28.381
21,826
Net Income
Depreciation
$49,601
on
Prov.
1944
1943
569,241
and
r
"* ^
t
u
•
711,534;
Cash-
26;236,680
of
shares
common
common
40,629,444
$4,514,441
Net income after taxes——
;
44,453,413
$5,774,072
$7,348,588
2,336,735
share.
2,336,718
$3.15
$1.93
—
$2.47
...
Net
bal.
Interest
Rents
restricted
ments
to
and
certificates
$6,415,000;
♦employees'
expenditures
prime
of
on
under
contractors
SHEET,
hand,
contracts
thereto,
and
with
1945
30,
U.
cash
S.
$10,939,083;
Govt,
U.
S.
banks
officers'
process
and
finished
goods
taxes,
post-war
$3,798,181;
depreciation
and
refund
of
Federal
property, plant
amortization of
and
and
equipment
$18,082,225),
154,860
479,398
842,278
agents and
receivable
2,063
421,074
681,950
39
;
receivable.—
95,272
77.874
:
62
70.212
conductors
72,676,
2,937
2,979
118,042
:
-
99,386
car-service
$1,852,797;
$1,764,868
Unmatured
Accrued
and
accounts
balances
wages
accounts
payable....——
32,507
.
,
/C.———
liability.———..-—-.—.—^——
T.
39,915
payable
interest accrued——
tax
(Cr)
Other- current liabilities—.^--*--.-.---——-r-
182,974
55,902
..
9,338
,
10,390
2,954
2,067
1,123,439
•
1,086,652
;
88,701
.
83,088
materials,/
excess
(after
$39,450
14,615
498,626
current- assets—
Miscellaneous
(less
Canadian
40,000
(
a———•
supplies..——
dividends
and
1944
-
1,922
'
receivable,
reserves), $26,619,175; stocks, bonds and notes of other companies and miscellaneous
investments (including 125,184 shares of Borg-Wamer common
stock),
$1,094,514;
and
180,000.
$11,438
—:
from
accounts
and
Audited
Canada bonds
traveling advances and accounts
and notes receivable, $1,057,223;
1945
receivable
Traffic
depart¬
Treasury
807,201
.
SELECTED LIABILITY ITEMS—
J.
in
($115,000),
receivable, customers' (after reserve), $12,494,156;
accounts
in
SEPT.
$38,554,029;
indebtedness and Dominion of
accounts
other
supplies, work
$61,027;
and
237,889 •"
ITEMS, NOV. 30
investments*!——,—/—.—
receivable
Materials
'Total/
BALANCE
banks
in
180,000
i——:
——
Miscellaneous
•After deduction cf factory,
administrative and selling expenses,
but before deduction of depreciation, amortization, renegotiation ad¬
justments, Federal taxes and sundry charges.
ASSETS—Cash
stock——
Temporary cash
Special deposits
'
1
816,266
Exp,. (gross) for adds, and betterments (road)
Exp, (gross) for adds/ and betterments (equip.)
Investment in stocks,'bonds,
&c., other than
those of. affiliated companies—
Other unadjusted
debits—
2,291,710
2,336,736
'"
«
63,093
$575,913
appropriations
BALANCE SHEET
income
prof, taxes and reneg.
excess
'"r%
236,613
-
SELECTED ASSET ITEMS-
$50,981,276"
2,244,544
568,069
charges
and Can.
$520,798
21,510
and
income; taxes-
common
on
•
2,327,817
sales and sundry
for est. Fed.
l
„
and
plant
;
$56,048
21,473
85,995
—
(way
profits
reserve
$13,730,909;
for
prepay-
Total
current
Analysis" of
■■
:
i ernment
>
Other
Other
—V.
accrued ■' tax liability—U» S. Gov.
is.—.j.v/.—1,027,384
taxes
than
U.
unadjusted
163. P. 67..
S.
Government
$1,421,960
$1,295,967
liabilities..
taxes..——
96,055
;
V 993.683
92,964
credits-—4
>
"»■!'
'■
"
1
,r
The Commercial and Financial Chronicle
(Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REotor 2-9570.
Herbert D. Seibert, Editor and Publisher;
Seibert, President; William D. Riggs, Business Manager.
Published twice a week [everv Thursday (gene^l news and advertising issue) with a statistical issue on Monday]. Other
S. La Salle St., Chicago 3, 111. (Telephone: State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith.
Copyright 1945 by William B. Dana Company. Reentered
Dana
York, N. Y., under the Act of March 3.
Subscriptions in United States and Possessions, $26.00 per year; in Dominion of
Mexico and Cuba, $29.50 per year; G^eat Bnt»in. Continental Europe "(except Spain), Asia, Australia and Africa, $31.00 per year.
exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
second-class matter February 25, 1942, at the post office at New
$27.50
per
year;
;
1945—11 Mos.—1944
$51,257
income
Federal
$33,647,007 $53,041,270
amort.; on
Earnings per
port of the results of the business and operations of the
corporation and its subsidiary companies for 1945, states:
Canada,
.
RR.—Earnings—'
1945—Month—1944
income—'
oper.
Total
$32,891,260 $52,090,758 $50,418,351
■
755,747
950,512
562,925
;
equipment
Disc,
1945
,
:
CONSOLIDATED
as
,
1945,
paid; an extra dividend .of 25: cents; a share.
*r
The directors also
declared " the usual quarterly"
dividend' ; ofv $ V
a share on the! 4%
cumulative preferred" stock; payable March:/1
•
;
Corp.—Preliminary Report for 1945—
E. G. Grace, Chairman, in releasing the preliminary re-,
NOTE:
r
| Burlington Mills Corp.—Increases Common Dividend—
(:%;The directors
Quarterly Dividend.—
'Total earnings—;
V-V;
7
„
Other earnings——;
<
■
135
of
-V:
College, Bluffton, Ohio—Calls 6Vz% Bonds—
^
r
Deprec.
Todd Shipyards
Jansen,' formerly director of manufacturing of the airplane
the Curtiss-Wright Corp., has been -elected Vice-President
of'operations.—V. 163, p. 243,, /
'
•
-1 ■•■•■■*
< ■■■« ""*■:;
offices:
the
may
jNOTE—For mechanical reasons it is not always
possible to arrange companies in exact alphabetical
However,' they are always as near alphabetical
position as possible,
'
■
.
of the Los Angeles Shipbuilding
Calif.,
Helicopter, Inc.—New
William
not
are
beyond
value
par
orderi
to pay a
not
$203,872
York Stock Exchange has authorized the
listing of 056,
first-mortgage bonds,-234%-series due 1975, which are issued
and outstanding.—V. 163, p. 462.
'
and depreciation
Jan.
580,000
$449,295
New
ai2,000,00<)-
Bliss & Co.—Omits Gomnfon Dividend—
on
1944
$783,872
148,167,723
12,200,000
16,379,398
$4.94
$3.22
.
fpr depletion
'
'418,000
929,000
,
"
1945
tax
:k
control.
either
A:/A-"*■■■■ "v
36,930^000
.
'
,
$867,295
Buffalo Niagara Electric
:
4,630,00p
•"*»
.
the
old (and
later exchange the temporary - for the
permanent
certificates, or await notification by -the company that the permanent
certificates are available for delivery.—V. 163, p.
188.
1,746.733,127
137,679,800
1,559,034
;
profits
excess
announces
on'' Dec.
obtainable "now
shares
1,326,563,896
.
and
1945,
delivering only temporary
per
share each, ^inasmuch
1945—12 Mos,—1944
/
y
profit——ii.
elect
65,816,858
2,318,007
*
on
it is said is planning to sell 200,000 shares ($25 par)
stock: through a group headed by Blair & Co., Inc.
The
will be accompanied by warrant.-r-V.162, p.2636.
approved
payroll
The directors on Jan. 29 declared a quarterly dividend of 50 cents
per share on the common stock, par $15, payable March 2 to holders,
of .record Feb. 15.:
Payments/ in; 1945 were as follows: March 2,
June 1 and Sept. 1, quarterly payments of 40 cents each; and Dec. 20,
a year-end of 60 cents.—V. 162, p. 3068.
Bethlehem Steel
erties,
management
Bristol-Myers Co.—Issuing Temporay Stk. Ctfs.—
45.9'
.
403,820,568
9 Months Ended Sept. 30—
•Net operating profit—
division of
■
Net
$64.85
39.1
,
preferred stock and 62 V2 cents on the 5% preferred stock,
payable March 1 to holders of record Feb; 15.—V. 162, p. 2812.
Number
;
the
1967.
31,
company,
Dividend
Director—
_
'm Bemlix
new
held.
extend
to
$1,413
Borg-Warrier Corp. (& Subs.) —Earnings—
J. William* Schulze, Vice-Presidtnt, has been; elected a ■ director to;;
Charles H. Cahill.
- ■
•
i
Prior to becoming Vice-President and Secretary of this corporation^
In May,- 1945, Mr. Schulze
was
Vice-President and Controller of
the New England Shipbuilding Corp., Portland, Me. In that position •
Dock operations at San
Corp.—V. 162, p. 2140.1,
period
a
The
group.
(structures knd equip.)
fill the vacancy caused by the death of
Dry
agreement
Earned per share2141.
•
"v
be also assisted in
shares
:
approved a proposal to increase the
authorized capital stock from 1,000,090 shares to 2,500,000 shares, the
increased shares to be used to pay for expansion and acquisition of
additional properties.—V. 163, P. 306.
stockholders
shares
shares of
—V. 162, p.
$
Borden Co.—Increases
568,276
.
Barium Steel Corp.—Increases
The
common
399,333
4-7
common
Shares of capital stock.
quar. *44
The corporation has called for redemption on April 1; next, one-half
of the
7,784 outstanding shares of 7%
cumulative preferred stock
at $110 per share and dividends.—V. 162, p. 2011.
-
\
for
66.
Federal
The
i.{
$1,455,316
46,052
of
converted
new
one
The
for
.Quarter Ended Dec. 31—
(Profit: after
i»*
;*
$1,414
Lima; trustee, Lima, Ohio.—V, 157, p. 2211.
234,425
-
Dec.
be
Brewing Corp. of America—Earnings-^
Point
entire issue of first mortgage serial 6V2%
bonds, dated Oct.
1926,. was recently called for redemption on Feb. 1, 1946, at
VID0 and interest.' Payment is being made at the National Bank of
2,737,973
$157,928
$88,893
;
Fixed
the
396,144
shares
(S. F.) Bowser & Co,—Issue Planned—
The
15;
$1,220,891
.
old
seven
stock it is understood,
-v
.y'A-'' ^>..5
239,765
,
<
with
held.
landlord's
to
years,
six
to
are
continuity of the present
through issuing 100 shares of class
ahead
preferred
$204,317,000
4,883,195
etc.—
Bluff ton
$3,958,864
fixed
for
a
163, p.
(Sidney) Blumenthal & Co., Inc.—Partial Redemption
Net
the
change in the corporation's
J.
6.065,812
,
$126,101< $1,112,199
\
stock
common,
each
and
*>■■
66-inch
a
Sparrows
sintering plants
$
'
(net)
is
of
into
of
.
$424,263
298,162
Railway opek Income—
conversion
stock
basis
preferred.
preferred
for
new
seven
provides
new
and
the
exchanged for 57,047
tease
6%
both
1945—12 Mos—1944.
1,293,762
op.
the
be
plan
management
directors
'
the
•
from
rev.
the
last
stock
..
by more than
preferred and
second
preferred
on
preferrend
second
to
of
Uhe
for
of
first
par),
first
of
for
the ?
when
from5
' In 1945 payments, were 50 cents on March 1 and 50 cents on Sept."
I and similar payments were made in 1944.
The board
declared regular semi-annual dividends of 75 cents on
'
•$285,433
Railway operating exp.Net
to
year,
30,
195,405
27,102,346
The directors voted
mon
lease
time
some
of
24
Jan.
on
and
reclassification
($1
second
of
are
share
one
plan
share
of
shares
feature
The
each
common
the
stock
shares
1-7
of- first
cumulative
shares
3V2
existing
$1,066,706 $10,512,299 $10,024,676
$1,008,329
revs.
last
1942,
$
chgs.
inqome^
(E. W.)
•
.-
38,841
each
present
A
a
Bangor & Aroostook RR.—EarningsRailway operating
Mr,
(including V amortization)
other than
depreciation on certain equipment provided for through
charge to operating expense.—V. 152, p. 3068.
•
.
135,944
common,
PAYROLL
154,768
224.681,651
Earns, per com,
''
.
Approved—
.
involve
consisted
'45 3rd
1945—3 Mos.—1944
Net inc. for period-
:
Co.
1945—Month—1944
AND
Prov:.for taxes based
; on,
for
7%
for
common
company's
Net inc. bef, taxes_
•
S.
A.
provides
new
Corp.—Plan
approved
was
holders
common
for
Sale
♦Depreciation,
.
period End. Dec: 31—
steel
the
of
of
„
Per. End. Dec. 31—-
•Provision
■
construction
LABOR
ON
drop
of cap.
assets•
.
Insurance
for
Hotels
.
shares
into
of work in shipyards and the smaller number
The decline in weekly pay reflected the cut in over¬
workers was reached Sept. 30, 1943, when they
billings
Total- income—
purchased for investment from L..
Bamberger & Co. of Newark, N. J., its store building, occupying the I
block bounded by Market, Washington, Halsey and Bank streets, with
the latter taking back a long term .lease of the property.
The lease3
contains three renewal options of 21 years each.
L. Bamberger & Co.,.
a subsidiary of R. H. Macy & Co., Inc., will continue to operate the
store, John C. Williams, its President, announced.
The purchase price
was reported to be in excess of $6,500,00.v. 161, p. 2215.
Aetna.
of
31,
plan
The
peak of
Net
(L.) Bamberger & Co.—Sells Building—
The
new
$
28 by Roy B. White, President."'«>*?-'O
General Passenger Traffic Manager; has been
'
Dec.
of
vote
of
new
COMPARATIVEINCOME ACCOUNT (CORPORATION" AND SUBS.)
i
Loss on
•
31,
$101,650,000 $141,666,000
.
of
-
The
reduction
worked.
The
numbered 295,740.
appointed Assistant. Vice-President—traffic/
The
headquarters of both officers are in' Baltimore,. and; the
changes became effective on Feb, 1.—V. 163, p. :46I/-#fUA h/-} / >.v
,
reached
orders
—
:.
v
the
employees
represented
Int.- and
Jan.
Simpson,
Jan.
on
on
,
Grace
time,
in
charge
Current
_——————
of hours
charge of freight traffic, hastraffic, his Jurisdiction hav¬
passenger traffic, according to an an¬
Vice-President
Shumate,
elected
was
—
Baltimore & Ohio RR.—Changes in Personnel—
been
held
Average hourly rate"——:
«
$1,374
^Average, weekly; pay
$49.98
Hours worked weekly —r—, 36.4
t<-J-
s
.
peak
4th quar.
Mr.
amortization,
$7,500,000;
shares
represented- only 5.94%.
on
in¬
"There is not much profiteering
mill and a battery of 70 coke-ovens
improvements to the Los Angeles plant,
of
taxes
66,024
1944
The
STATISTICS
NCR
"'i
o;
lb45
billings.
$2,394,000,000.
Grace
Payroll:
less
and
stocks.
common
'
.
to
strip
patents,
purposes,
two-thirds
all mills, extension of the Venezulean ore
projejet and the completion
Of ship construction to carry the ore.
American
;
in
In
$546,000,000.
numerous
Propeller Corp.
He will also supervise manufacturing operations in AVCQ's associated Companies.—V; 162, p. 2635..
frt
Mr.
-
hot
for
(• '■The plan of reorganization
4,250,000 tons,
/
, »
4
Dec. 31, 1945 stood at $339,000,000 compared with
$289,000,000 a year previous. Cash and securities totaled
$270,000,000
at the end
of
1945, against $294,000,000 in 1944, and funded debt
was
cut to $121,000,000 from $163,000,000.
organization in 1940 as Vice-President
In charge of manufacturing.
He was named Senior Vice-President of
that organization and Vice-President of Allen Wales Adding Machine
Corp., Ithaca, N. Y., in September, 1943.
He resigned from NCR and
its board of directors on Jan. 1 of this year.
In his new capacity, Mr.' Kindl will supervise manufacturing opera¬
tions of The Aviation Corp.'s manufacturing divisions, Republic Air¬
craft Products, Lycoming and Spencer Heater, and its wholly owned
subsidiary,
net
on
commented.
were
$1,885,133;
$117,173,054.
payable, $8,220,591; customers' deposits
accruals (incl. accrued payroll), $5,077,799; U.
Bowman-Biltmore
for- /
$2,250
.Working capital
1
*
of
Sept.
was
Number
associated companies,
price
year.
quarterly
meeting
the
earnings
2.63%
he
4,000,000
New Vice-President Named—
the
the
conditions, amounted to $468,000,000 at the end
which- $213,000,000 . represented shipbuilding.
On
orders
com¬
Irving B. Babcock, President, announces that Carl H. Kindl, formerly
Senior Vice-President of the National Cash Register Co., at Dayton, O.,
has been named Vice-President in charge of manufacturing for The
joined
at
earnings were equivalent to 5.79%
on investment Und 2.07%
on billings.
Mr. Grace said orders;: on r hand, reflecting a steady return to
total
V
Kindl
redeemed
normal
growing businesses in the country," said Mr. Emanuel,
•"We
expect
our
participation in this business to expand, to help
Increase employment and manufacturing activities."
,WV'-
Aviation Corp. and its
that,"
of
rapidly
V.. Mr.
purchase money mortgage 6% bonds
I, 1998, which had been-assumed
Aug.
were
,
„
Mr. Emanuel said.
The units
will be manufactured in one of the plants of the Avco group of
companies.
? Vv;;
The expansion, Mr. Emanuel disclosed,
is a part of The Aviation
Corp.'s
post-war
diversification program, which has included
an
expanded position in the home appliance field through acquisition of
controlling interest of the Crosiey Corp. and entry into the' farm
implement field through purchase of control of New Idea, Inc.
V ■ ■ {
"Studies have shown that the frozen food industry is one of the
most
due
after
that
and
vestment
total,
reserve for warranties, $528,152; reserve for
$323,511; common stock (2,461,920 shares), $12,309,capital surplus, $10,801,330; earned surplus, $35,083,796," total; $117,173,054.—V. 162, p. 3188.
special
600;, paid-in
bond, plus accrued interest. The premium on such redemp¬
income ip the fourth quarter of 1945.
1945, Bethlehem Steel Co. settled a suit that had been
statement
a
charges,
$1;
$10,223,482;
(provision
contingencies,
in
of
as
December,
-kin
on Jan. 28 announced that
40% interest in Frozen Food Prod-'
organized by interests close to Lehman
excluusive
to
$9,744,118
authorized
pared with 102.8% for the previous
freezing units,
home
improvements
with
quarter of 1945.,-*>»„
production (ingots and castings): averaged 83.1% of capacity
during the fourth quarter of 1945, as compared with 87.4%
during
the previous quarter and averaged 91.7% for the entire
year, as com¬
a
the
contract ior
a
and
compared
deferred
goodwill,
income, 1945 and prior years and for
renegotiation, 1945 and prior years, after U. S. tax notes of $20,369,282), $27,062,459; deferred credits
to
income, $42,335; reserve for
Steel
out
three-foot
pany's
orders,
Govt.'
fourth
.plansfor > the. design' and distribution of home
freezing units for frozen foods.
-<
carry
additions
as
and
LIABILITIES—Accounts
was
pending against it since March, 1943, for alleged infringements of
patents'over a period of about* nine years. The cost of the settlement:
was
approximately $2,000,000, which was charged to income in the
Emanuel, Chairman of the board,
to
u
ments
$524,623;
pensions
tion. was charged to
•
(The) Aviation Corp.—To Produce New Home Freez¬
ing Unit—
•'
Bros,
for
completing construction
$1,906,000
Co,
Steel
substantially lower rate of interest.—V. 159, p. 2187.
corporation has acquired
ucts, Inc., a company recently
account of
on
647
.
1945,
Steel
Betnlehem
Aetna Life Insurance Co. above.—V. 162, p. 2635.
Victor
supplies to their estimated
set up out of income,
1945
is $134,000,000.
December,
Grace
■
1945
of
Bethlehem
each $1,000
.
this
in
$31,161,024,
cost
by
manufacturers, of .telephone,- signaling/ and • com-,
apparatus, have Just refinanced their two issues of deben¬
tures totalling $4,200,000 by paying off $700,000 with available funds
and by consummating a seven'year loan of $3,500,000 through banking
See
31,- 1945,
In
in
to
estimated
of
munication
Automobile Insurance Co., Hartford,
expenditures
amounted
The
Dec.
Automatic Electric Co>., Chicago—Refinances Debs.—
channels at. a
cash
"properties
such
company,
added were
so
charged to income
$2,500,000 thereof to provide for pensions which it is expected will
in 3946 and subsequent years.•
The
directors has not taken any /
meeting; the Exchange Said.
'
>*
It had been reported that the stockholders were to consider reduc¬
ing the dividend rate on the .preferred stock from 5% to 4%, effect
tivo Aug. 1, 1946, and that the preferred stock have a redemption price
of varying rates, starting with Aug. 1, 1946, in lieu of the present
redemption price of $110 per share—V. 162, p, 2386(.
,
This
The amounts
be granted
premature. ; The board of
was
action-towards
materials and
raw
$7,043,986, of which $7,041,586 was paid into the Pension Trust Fund,
$4,541,586 thereof to provide for payments of pensions granted in 1945
^ Atlas Powder Co.—May Reduce Preferred Dividend-—
The
cost.
A The "amount
■
v,
of.certairi
South
and Central
On account of the fluctuations In the
America,
rates
of
Spain,
;
*
648
}\ '•vV'-.M.,
'j'l
\\
SEC
: Any balance will be added
underwriting group is headed by Van
,
Operating
revenues——
Operating
„
expenses
Federal
serve
667,208
591,656
7,490,809
3,697,938
3,712,230
126,426
1,857,170
1,856,534
125,000■;;1; 125,000
1,500,000
66,171
Calls 6% Preferred
All
7'7
the
of
preferred
.
being made
only 205 shares of this issue
There
were
>
of
der
-
81,832
24,643"
t
On.
premium
charged to
Divs.
CrlOl
$207,439
$239,762
Total
applic. to pfd. stocks for the period——-
$2,350,114
*941,780
1,134,601
$1,359,545
Balance
$1,215,513
':
*
Based
$7 and $6
on
stocks previously outstanding and
preferred
,..-j1945
December—
from
railway
railway
—
from
$187,668
**6,751,
*58,837
'
Net ry. oper. income—
1944
$178,531
11,251
*49,650
'
From Jan. 1—
1
'7;l
1,736,757
railway——
1,880,231
*409,408
Net ry. oper. income-*-.
'"894,335
•1,072,413
*1,243,546
from
Net
v.;
from
railway——
Other
Total
income
*
Total fixed charges
18,216
•
(way and
structures and equip,)
202,455
$1,011,762
'
.
;
chwrge
the
116,116*
S.
'
'
*
for
the
old
sale
:
1Q6.577
Net ry. operating income
Other income
stock,
Total income
Miscell.
for fxd.
inc.
chgs.
(way
structures
&
and
ments
Expenditures
ments
!
<
-
*
,*
f
for
will
be
used
replace
to
funds
expenses
(3%)
Of the balance of
and common stocks,
NOTE—-For
to
Kirkpatrick-Pettis
160, p.
Neb.,
Omaha,
Co,,
named
Is
principal
is
not
possible,
as
Net
■
i
134,104
—:
„
v'1&K i
Vermont-r-Earnings—
*$112,104
inc.-
■
always
~
1945—Month—1944
Period End. Nov. 30—
^
in exact alphabetical
always as near alphabetical
are
A
!%f
1945—11 Mod—1944
:
oat'e
.
> $76,339 *$1,130,035 V*$959,075
98,339
1,372,035
1,200,075
of
Total
'
Net
—J:
$22,000
$22,000
$242,000
22,000
22,000
242,000
242,000
income
Depreciation,
(way
structures and
.
and
-
-
'
and
———
.
3,994
45,115
SHEET. ITEMS
NOV.
Selected Asset
(road)
ments
Other
,—v.
Items—
1
44,052
taxes
Nov.
It
unadjusted
$16,451
.
debits
163,; p. 67.
-
Week
End.
Jan.
1S46
1,
1946
1945,
and
Candler-Hill
at
$50
share,
per
V"
Oct
-V
*
v
f;
an
The
::
-
end
on
and
commercial air lines,": Mr. Wright revealed
the
of
war
a
number
of
the
new
pumps
.
*
.■
York,
,•
•
Y.,
N.
(cumulative)
-
of
planes.
He said, also; that during the war about 400 000 y
Titan pumps of various types were installed on American and Allied i
"The
*
'
-
dualvalve
Titan
most constant
valves Insure
the original
manufactured
now
capacities' of 830
that
and
1,600 gallons
the
setting.
"
-
;
delivers
and volume,"
pressure
"Dualvalve. is
•
pump
a
v
.
;
constant
flow
said Mr. Wright.
in
per
two
models
hour at 2,500
of
.•
"
with
rpm.
fuel
'
.
at
al- ; :
stock
(par $10)
for
V-
''
-
■
the
stock
SEC
cumulative
Niagara
The
dual
ll"
Cariboo Gold Quartz Mining Co.,
3 Mos. End. Oct. 31—
taxes
charges
Co6t
of
■
•
$104,818
126,506
$114,984
120,972
27,627
28,808
$50,497
$39,067
196,701
51,400
w
"
*$8
Ml charges,-including
tion.—V. 162, p. 2388.
after
$88,232
for
•
depreciation
and
31,
deple¬
>
conversion
issuance,
rights
per¬
terminates
at
3
to the redemption
date.
preferred stock Into
p.m.
March
on
14,
-
2J/a
1946.—
-
Jan.
stock
Power
($100
Corp.
par).
purchase
The
from
These
corporation.
the
number
the
of
new
financing. ; However,
in the light of future
■
stock
with
and
outstanding
251,584
names
of
163,
New
7
(par
these
shares of Ik and. 6%. cumulative preferred
called for redemption on Feb. 1, 1946, at S129-
recently
were
.
Charleston & Western Carolina RR.—^Earnings—,
!'/Period
Net ry.
End. Nov. 30—
1945—Month—1944
operating income
Other
—
underwriters
and
.
Div.
on
appro,
•Loss.
26,959
within
90
Hornblower
Fenner
GIVING
days
*As
to
office
respectively,'
149
,
Lsue,
7
*17,37G
of
in
W:
!k
Hutton
E.
EFFECT
VT
TO
r'-7'-'',"-";
PRE3ENT
Authorized
building
4V2f/f-
series
*
(gross)
Ok
■
.
.«
...
*$2,400,000
in
296,988
cumul.
seiies-—7
$10)—11,200,000shs.
120,000 shs.
$590,666 shs.
(par
banks.
are
tOf the authorized shares of-common stock:
reserved, for
issuance .on conversion
of
the
(a)
192,000
120,000 shares
L
1944
1945 7
»
,
;!/ $176,294;;
better-
1
.
,
,
'
"31,094
stocks,
bonds, etc,, other than those7
companies-^—7
O'OUOm"V
320.378*
,
<7 44,272
—;
1,660,078
550,000 1
5,396
16,614
7
from agents-and conduc.- \ *
31,775
accounts receivable
-■
-584,638
Net balance receivable
Miscellaneous
Rents receivable
•
Other
479,863
supplies—;—
7 616,299
dividends receivable—10,492
and
current
—
——
assets
;
•
21,120 •;
and
Materials
Interest
144,000
\
.
30
.
442,l')0
6,481
.
59,662
,
ri^_7_OX:f7, ..906
.
current
Selected
•Funded
assets
Liability
$2,870,304°J $3,178,003
——,
bills
and
Loans
matured
Unmatured
Accrued
:
(Cr)—^i"_7.
333,976
payable,——'
tax
;
*
accrued,,,,,:—78,200
—,
liabilities—————/
other than U.
3.133;
:
.
,
credits
—
$1,462,474 '
'435,946
,
.
760,734
.
—72,631
—
..4,993
$1,357,074
;
72,000,
888,351 7
7,482
Analysis of acrued tax liability,
S Government, taxes—1—
y
"4.145
78,200
2,644
508,577
,
'
17.379
.4,665
72,000
liabilities
Other unadjusted
255 467
55,952
accrued,,,,,,,,/,—V;;
liability
current
138.806 7
•„
»
293,578
payable/,—/ 7'7
unpaid——,—
interest
rents
current
Total
wages
accounts
matured unpaid,———;.—:—z,,—.
Unmatured
56,269
127.617
.
,
44,991
.
•Includes payments
on
account of principal of long-term debt (other
debt
in
default)
than
long-term
months
'
^
i $4,007
$4,129
payable—.,7L57-7!—_
accounts and
Miscellaneous
-wan,
'
,
sik months/'.
and car-service balances,
Traffic
Other
7
Items—
debt maturing within
Analysis of accr. tax liability U. S. Gov. taxes.
at
shares
NOV.
————
Dividends
Outstanding
?
Dec, 31, 1945, the'amount of the VT loan had been reduced
$1,200,000, and $2,2CO,0O0 In short-term loans had been borrowed
from
144.000
.
ITEMS
SHEET
for additions and better*. 7
;
unadjusted debits
Interest
FINANCING
485.000
/
affiliated
Audited
& Co....
109,364
130,000
72,000
72,000
BALANCE
Cash
^
Julien Collins & CO.—
under
433.123
320,378
'
,
60,231'
vM 1,061,136
Temporary cash investments-—..—/—;■ ; :500,000
Other
4,768-
V;!!7:-'.348 •••!
Expenditures (grcss) for additions and
ments
(equipment)
Invest,
7
271.270
51,832
118,442'
4,503
116
7
'
271,473 77
35,000
stk.
com.
■!
.
23,376
*10,784
(road)
Total
200,000 shs/.
stock
$709,160
.
24,650
taxes
SELECTED
ments
:
100
■
24,671
f.
^.Selected Asset Items— •
1
Weeks/
c1955_.<—....
$50)
Common
Ac
—...
on
due
24,333
$327,979
4,674
-
$48,126
$7,444
,
'
Expenditures
.
.
the percent-
' 9.'
Pierce,
stock,
$648,833
$301,020
1,845.
1
,
1945—11 Mos.—1944 £.
546.281
$5,168
2,276
-
'1
income
Federal income
to
subject
are
.
?>:'J>if- ?;'■!
York,
:
All ot the unexchanged
com¬
Union Securities Corp.CJark, Dodge & Co._^ii.-4p2^'Eastman, Dillon & Co..!^.^—
loan agreement
Preferred
308.
p.
Central Power & Light Co,—Stock Redemptions—;,
Special deposits—
of-the
Hemphill, Noyes & Co
■ 15
The First Boston Corp.t!-vi-_
9
9
Kebbon, McCormick «te Co._.__
lien
.
additional shares of common stock,!!!
the corporation for the redemption of
shares of its preferred stock, bk
series at
v'
68,642
funds
other
$105 per share 'plus accrued dividends.*-rV.
;
>
Ripley &."Co.!/_!2L 15;!
duo
York
outstanding shares from 251,584 to 200,000.
to utilize the proceeds from the sale of such
proposes
preferred
"
Notes
„
proposes
New
which
together
proceeds ^estimated at $5,682,740) will be used to
cumulative preferred stock, 41/2% .series.
On
shares of cumulative preferred stock. 4y2#>
of purchased stock to be purchased by each of them,
as follows:,
;
x\t ' ;
Lynch,
petition
Central
share and dividends for the.7*/! stock and at 8110 per share and !
for the 6%
preferred stock.
Payment is being made at
National Bank,
Chicago, 111.
Holders had the option * ofpresenting their shares for immediate payment.—V. 163, p. 189.
.
Mortgage
-
petitioned tne New York P. S. Commis¬
251,584 outstanding shares of its
25
refinance
to
preferred
Hudson
Corporation
new
number of
proposed
Harriman
\
w
.
petition
reduce
unconverted
of the
the
Initial
the
nine months'ended Oct. 31, 1945, was $160,518
after charges, including $85,927 for depreciation and
depletion, compai°d with a net loss of $120,728 for the nine months ended Oct.
1944,
tbt the
■:!!& Beane;
$248,109;'
'Profit,
The net loss for
all
Merrill
1942
33,079
$60,214
depletion..
$92,389
of
shares of the latter's authorized but unissued common
Niagara Hudson will pay $4,000,000.. M'7!:;;
!7
proposes that public bids be asked for sale by Central
New York Power of 200,000 shares of a new series of preferred stock,
($100 par).
This refinancing of the corporation's preferred stock will '
Engineering Corp., York Heating and Ventilating
Co.
"
:-
CAPITALIZATION
124,976
production
loss
transferred
assets
Lehman Brothers
1943
upon official notice of
exercise
the. First
„
are
*-/'
Ltd.—Earnings—
1944
1945
*
,
dividends
Approximately $1,200,000 ior addition to working capital for the
purpose of carrying receivables and inventories. ;
..i> • • .* •:
: •
(c) Approximately $2,000,000 for the construction and equipment of
a new factory in
the Syracuse area. •
mint
———\
Deprec. and
Net
and
W
per
V. (b!
income, less min¬
eral
tax
68,642
The
and;Brunswick-Kroescheli
basis
ages
"Candler-Hill., engineers are
now
studying the application of the
dualvalve principle to the exacting pumping requirements of industries^
not related to aircraft production."—V. 163, p. 189.VVV
Gross
their
UNDERWRITERS—The
respective
''
the
4
and
stock
modification or change
developments.] Assumnig that no substantial amount is required lor redemption, it is pres¬
ently proposed to make the following expenditures:
; >
(a) Approximately
$2,500,000
for ,,the
acquisition . of machinery,,
"•
discharge pressure will vary only minutely from
'
and
.
equipment/and related items,
use
military
aircraft.
securities
'
price and accrued dividend
common
^
Power,
•" *
,
has* been
4% "Series.
.
the V;
successful
%
re¬
con¬
excess of costs on uncompleted
costs and possible luture
right to convert each share of 4VaVo
stock for
,
that toward
in
were
tax
lor
additional
for
reserved
are
The corporation on
that
Dividends cumulative
15.
and
retire
the
corporation, engineers and. manufacturers of
"revolutionary dualvalve" unit has beeh announced
by Thomas B. Wright, President,
' " '
'
;>
Though applicable to many industries it is under test now by Army,
Navy
Government
$773,574;
New
the redemption
•
1945
fv
and
completed contracts and sales, $610,011; mortgage lien
York City real estate, due March 15, 1955, $296,988;
preferred stock (convertible)/ $3,199,500; common
on
shares
shares
*
Corp.,
$5,462,000
A'.f
-i,
S.
taxes
at $54 per share and accrued dividend of 28 cents per share.
will be made at the Guaranty Trust Co., 140 Broadway!
York, N, Y. Funds are. immediately available for payment of
New
15, 1946, and payable quarterly on Jan. 15, April 15, July 15
from
J
U.
profits
Payment
subject to redemption after Jan. 15, 1956
annual retirement fund at $50.50 per share
this
by
Titan pumps, of a
'
N
%2,«
"V,"
on': preferred
-
1946,
4,625
Corp., Detroit—New Development-
Development
?'%'
'1'77
excess
of
reserve
j
,
:
The outstanding shares of AVsk
cumulative convertible preferred
stock, $50 par value, have been called for redemption on March 14,
series, which remained unconverted at Dec. 31, 1945, the amount could
vary from approximately $2,508,192 to zero,
••
•;
• ^
General plans have been made-for the application of the proceeds
'
$1,847,081;
dividend
$36,763; accrued liabilities,
deduction
(after
.
banks Under Regulation
-'.4%% Preferred Stock Called for Redemption—
Also
panies were: Carrier
1945
$4,880,000
$5,327,000
>
,
v$
taining to the-120,000 shares of series stock,
an¬
sion
operation of
"-■PURPOSE—Net
21—
under
has authorized the listing of 120,000
shares of preferred stock (cumulative), 4k series (par $50) and
192,-
of the
Jan.
solved
308.
p.
'
•
.
$5,196,000
——_—
earnings
163.
'
Crl,173
Earnings—
Week Ended Jan. 14—
Traffic Earnings
—V.
$27,088
344.
77&
:
Canadian Pacific Raiiway-rr-Traffic
Traffic
1944
better¬
—
$1,857,011;
accounts
Listing of 4% Preferred Stock (Cumulative)-—
under*
was
refundable
income
:> '%.S"*s.l;.SBUSINESS—Corporation is engaged in the a'»r condlTotal income
tioning, refrigeration and industrial heating business.
It manufactures
Miscell. deducs fr. inc.and sells apparatus and equipment related to each of these fields.
Cor- (j!
Total fixed chargesporation also designs, fabricates/ sells and installs air conditioning and
lefrlgeration systems. V The home office and inctoiy are located in
Net income —„——/
Syracuse; New York.
»
Depreciation
The corporation was formed on Oct. 31: 1930, in Delaware in order
Amortiz.
of
def.
proj.
to acquire the businesses cf three companies which have since been dis¬
30
1945
-
for additions and
(gross)
1945
hand,
on
7
O,,
SHEET AS OF OCT;- 31,
deposits in banks and cash
securities, at cost, $250,000;
—_
Expenditures
...M
,
The New York Stock Exchange
HISTORY AND
BALANCE
;
appropriated, $2,645,212; total, $17,903,244.
LISTING—Corporation has agreed to make application to list the
preferred stock (cumulative), 4'/^. Series, on the New York Stock Ex¬
change.
>
-
.4,096
sell,
City Bank Farmers Trust Co., New
appointed registrar for the, preferred stock
'
"
will
or
The
•:
SELECTED
.
;
equip.)
;
•Loss.
•;
:—V
—
BALANCE
*;!'.
cumulative
officers and employees and to certain holders of ;!
series
subscriptions, were incomplete at the time :Of. the
redemption.
through
$242,000
charges.—V'
Income
fixed
sold,
have
whose
plus accrued dividends to the date of redemption.
from
Total
-
(par $10), $4,306,910: capital surplus, $150,250; earned surplus
appropriated for "post-war adjustment," $700,000; earned surplus un-
rigltf to subscribe.
The balance of 2,488 shares will *
be divided among the underwriters in the proportions set opposite their
names. '•
'■ 77777C77:■ .0:i%!S
;, The
preferred stock is convertible prior to Jan. 15, 1956 (or until
redemption if redeemed prior to that date) into common stock of the
corporation, at the rate of one share of common stock for each $31.25
par value of preferred st*>ck (cumulative), \'k
Series, so converted on -v
or
prior to Jan. 15, 1951, and at the rate of one share of common !;
stock for each $40 par value of preferred stock (cumulative), 4% Se- !
ries, so converted alter Jan. 15, 1951, end prior to Jan. 15,; 1956.
Re-;
deemable at any time, in whole or in part, at the election of the cor- <
poration upon not less than 45 days' notice (or 30 days' notice if
redemption date is a quarterly dividend date), at $53 per share to and
incl. Jan. 15, 1948; at $52 per share thereafter to and inch-flan. 15,
1956; end at $51 per share thereafter;'plus accrued dividends to the
expiration
companies
arrange
/
000 shares of common
Preferred Stock Sold
—-
directors,
stock
common
•
it
reasons
..147
r
the
stock
115.
underwriters
The
shares .to
!
mechanical
However, they
ry. operating
Other income
—
-
Canadian Pacific Lines in
'
7'k
-
for
from
%
$843,636;
on
4Mi
$500,000 will
a
*.
*
'' •
*'
> —!7!v\ 15,236-';
*7,678
'
Cr236 V 4:•» 21
28,877
refundable
of carry-backs under the Internal Revenue Code
-
1944
„.
f
V
$1,162,972
153,179
.
taxes
V
30
1945
better-
and
additions
•
unadjusted .debits———
163, p, 67.
*
'
position
»
$748,147
by the several underwriters headed by Harriman Ripley
,Vi :163! p; 462.
'
'
\
V * f
< "['/a"'
' '•?
\''}i w
^
V" 1
S
'•
-.:V\
v'
& Co. and Hemphill, Noyes & Co. and has been sold.
Central New York Power Corp.;—Financing Plan—
; The corporation has been* advised by the underwriters as follows: S;
■.
-——^1.———*—-7 $91,256; [7 $103,141 •
(gross)
(equipment)
order.
NOV.
'(
,s
;
7,!/ •■■■'"' ,<-> /,!■ ■
}:< 71,212
70,918
^
ITEMS
SHEET
Other
possible
■■■
for additions and. better-.
(gross)
(road)•
>■- ..."7
6,487
;■
6,512
BALANCE
Selected Asset Itenis—
Expenditures
107,503
107,503
•
equip.
SELECTED
—V.
107,503
107,503
9,773
'
income;;;:/:/!!!!!
Depreciation,
$1,223,757
.1,116,254
.
9,773
9,773
9,773
-
$1,057,230
949,727
62,024
1,960.616
$1,050,0C0),< $93,319; billings in
contracts,
exemployed for
shares of preferred
stock (cumulative) * 4% series, offered by the corpora¬
tion to the holders of its common stock, 112,887 shares
were subscribed for by the exercise of subscription war¬
rants.
The balance of 5,370.26 shares so offered to the
holders of common stock,- together with the 1,742.74
shares not so offered, totaling 7,113 shares was purchased
128,325
$71,797
2,643.600
$1,162,972
323,639
vear
Federal
tingencies
price to be filed
a
nounced Jan. 29 that of the 118,257.26
$1,095,432
918
Cr4,215
•
charges
Net-
.
$1,056,312
221
$5,558
fr.
deducs.
Inc. avail,
Fixed
$71,576
234
15,700
f
fiscal
Federal
payable
for
serve
•
writer.—V.
-
$5,324
v
—•
Federal
LIABILITIES—Notes; payable to
400,000;
accounts payable,
trade,
notes of
old preferred.
preferred
Carrier Corp.
1945—11 Mos.—1944
154,336
*$53,667
stock—^
;
'?
*
preferred,
of
capital.
Maine—Earnings-
1945—Month—1944
206,125
296,000
•
$386,333
preferred
Government
which
Period End Nov. 30—
'
440,000
goodwill, $1; total, $17,903,244.
f
j buildings for warehouse purposes,(and; any balance added to working
•
'
Canadian Pacific Lines in
:
38,200
1
Internal Revenue Code
the proceeds
be used
to reimburse the
treasury for expenditures made in acquisition • of
businesses, etc., in continuation of its expansion program during 1945,
and
approximately $500,000 may be used to acquire or construct
$1,198,176
.
being offered by underwriters at
are
redemption of the
from
198,51a
•„
.
9,861
10,137
•Loss.—V. 163, p. 6T.
20,900 shares
5
-•
153,622
599,141
k
.
year T945.
$4,517,341;
;VVThe net proceeds fromi the sale of the preferred not used in
*$9<?9,658
,
251 >'<
'
$89,642
17,864
$141,096
:
Depreciation
,
*$809,056
.
-V1':7—./--i;'
—
Net loss
-
*$71,426
*$123,232
—
Misc. deducts, from inc.
•
*$.74,328
2,902
*$126,153
——2,921
income
income
$3,186,738
V
ASSETS—Demand
U.
changed preferred shares purchased by; the underwriters are to be
initially offered to the public at a price to be filed by amendment.
Of
the common stock registered,
5,000 shares are being offered by the
company to certain of.its officers and employees at a price to be filed
by amendment.
Such shares are not underwritten.
The remaining
by amendment.
1945—llMos.—1944'
*$835,498 *$1,022,763
26,442
23,105
1945—Month-—1944
189,976
$4,408,697
$2,996,762
receivable,
carry-back provisions of
($440,000) and post-war refund of excess profits
taxes
($103,300), $543,300; inventories, $6,337,877; miscellaneous as¬
Of the preferred stock, 10,000 shares are being offered by the com-;
sets, $163,361; net fixed assets, $3,817,796; prepaid expenses and de¬
pany in exchange, share for share, to holders of its outstanding 4
ferred charges, $416,557; patents, designs,
cumulative preferred stock.
development, research and
The remaining 5,000 shares and unex- V
•1,251,168
.' 'T. " \
ITEMS FOR' NOVEMBER
SELECTED INCOME
Period End. Nov. 30—
Net ry. oper.
—l—
tRepresenting
the fiscal
24 filed a registration statement with the SEC
for 15,000 shares of 4%
convertible preferred stock, par $100, and
25,900 shares of common stock, par $1., s
>.t
■,
/'■> ■ ,*
2,028,629
*411,595
*567,813
'
,
238,259
tax,—___V——1
1943, by reason
on
The company on Jan.
r-'
f
^
2,281,568
*177,323
Gross
1943
.
$4,170,438
etd——_
-
CONSOLIDATED
> 1943
7 V'1942
;.c|
$138,757
$103,229
26,695
"77,140
*44,163
*145,625
•
..
$752,996
etc.-
on
VLoss,
$5 preferred stock now outstanding.—V, 162, p. 3188.
Canadian National Lines in New England—Earnings-
Net
1944
175,550
profit
Dividends
Carpenter Paper Co.—Registers With SEC—
Gross
50 000
reserve
$577,446
V
rearrangement,
tax,
prolits
Net
-
...
to
YEARS ENDED OCT. f 31
1945
.
other'deductions-:ii*iS^i4^ &
Normal
Cr55,868
$2,301,325
less
profit
\:WhrBi6] $ Net nrofit
tSpecial credit
Cr3,933
permitted
ACCOUNT,
income ;
Factory
Excess
~
Cf783
.V
—
income
Net
Gross
,
7'7
con-
struction
are
"
134,964
Cr55,419 !
Interest
INCOME
contracts and sales,
.Operating
1,695,531
195,995
, .
directors
sale to officers and
employees.
$ Allowing
preferred stock called'for redemption.
<>
Total other income
'
»
•' ■
r„
debt
outstanding.r—V, 162, p.-1884.
cumulative participating
$2.10
of
Amort,
preference stock,
recently called for redemption on Feb. 18, 1946, at $35 per share
and
accrued
dividends,
will be redeemed at The Royal
Bank of
Canada or the Bank of Montreal in Halifax, Montreal, Saint John,',
B.), Toronto, Vancouver or Winnipeg, Canada.
For each share redeemed, stock subscription warrants will be given
entitling thet holder thereof to purchase one ordinary share at $20
per share at any time after date of redemption (Feb.
18).;—163,
issue
entire
and
interest
deductions
Ltd.—Stock Redemption
Canadian Car & Foundry Co.,
The
on
Other
•
accrued dividends of $19-62 per share.
at the Schroder 'Trust Co. v^New Yorkp
Payment is
■■
$50r have : been
par
1946 at $52 per share, plus
14,
^
'GroSS income—-'—:
Int.
of 67r cumulative convertible
called^ for redemption on Jan..
shares
outstanding
205
stock,
'"I-
Stocky
10,620
1
the
and
sales -_:„7—. $29,287,233
$38,255,974 $27,829,041
Cost of completed contracts & sales *
23,600,780 ', 29,902,921
21 153 803
Selling, general and admlnls. cxps..: 5,109,007
4,182,615 V.-3 678 476
$4,123,905
10,976
(net)—>
(b)
returned
.'.
47,421
I Other income
and
future issue
CONSOLIDATED
$4,076,484
$389,917
stock
full conversion of 4VSj%
Completed
1,500,000
$4,053,696.
t-i $413,050
and Carlton M. Higbie Corp.;.
•
for
6,908,688
348,857
129,839
re venues-2
oper.
series
shares for
..
W $424,026$400,537 >$4,119,867
mtge. bonds— ,r. 140,156 / §;, 140,875
1,681,899
Net
Alstyne, Noel & Co., N. Y.,
of
7' V-'7:
1945—12 "Mos.—1944
279,678
retirement re!
appropriation—
Property
i
Monday, February 4, 1946
$1,581,856 $18,599,613 $18,053,936
$1,614,775
taxes—————
Other; taxes—
to working capital.
ing equipment.
lfv, The
-j.
'$•'
*
-Earnings—
1945—Month—1944
Period End. Dec. 31—
,
The
\
required for the redemp¬
tion of shares of prior preferred 'stock not converted into common
stock, approximately $500,000 of the net proceeds is expected to be
used for plant expansion, including the purchase of new manufacturei
price to the public is $26.50 per share.
S
Assuming that only a hominal sum will be
Carolina Power & Light Co.
;;
With SEC—
Burry Biscuit Co.—Registers
The company on Jan. 29 filed a registration statement with the
for
100,000 shares $1.25 convertible preferred stock, par $20.
;•
" l.I7 i1'-,1;'.'!
;
THE COMMERCIAL & FINANCIAL CHRONICLE
which
•
will become due
163, p. 68.
after close of month of report.—V.
within
.
.
six
1.63. " Number
(Volume
THF
4461
Chesapeake & Ohio Ry.—Earnings'k,;
•
Gross
profits
Other
Net
and
inc.-
taxes
'■
457,675
Cr8,853,399
Gross
Net
38.838.188
973,173
1.059,729
11,656,482
12,316,762
3,146,180
.—a
2,0d0,164
22,025,255
32.813.189
•
2,806,572
i41,809.927
16,379,847
40,215
40,913
488,144
501,715
i' 1,769,014
2,766,357
Balance to surplus—
Earns,
—V.
163,
share.
com.
per
<■■■//;
15,891,703
$2.14
Net
i;^:r;::.$3.57
first and
Stock
y
December—
mortgage series of
refunding
190.
p.
*
2%%
1970
:
1942
ry.
$2,967,484
312,899
'124,297
990,239
96,283
227,906
29,666,438
34,109,588
Net
railway——
from
Net
ry.
—V.
6,222,043
10,261.377
income—
"2,463,121
2,930,241
1—'%%■/';■
opcr.
163,
The
450,121
the
All
*1,440,021
2,797,878
907,692
income— ."
from
<fc
by
a
-New
,y,
Co.
has
Trust
Co.
as
stock.
See
in
'
163,
42,087,519
The
;
be
N.
made
the
at
Y.
s-- available for
dividend
the
to
to
amounting
Guaranty
-y'V'.:
22.9
Trust
cents
.
Co.,
140
redemption
the
date.—V.
for redemption
6%: debentures
Chicago & North Western Ry.—Earnings-
due
Jan.
.VJan.
April 1, 1946,
on
at
1947
l,
100
23,086,701
18,1.92,820
'
*
1945
1944#
1943
$2,243,824
Co.,
$3,C51,358
$3 752,754
*1,447,595
railway--
Net ry.
1,215,793
402,809
1,604,801
671,148
23,849
Income—
oper.
from
15.234,121
Net-Sry; oper.income^iiv 3,983,527a
4,914,310
plan
'
6,440,820
5,222,964
Net Income
Revenue
the
passengers.—
■
-
.
'
12,715
30,256
57,876
6,724,73.9
29,922.976
29,604,129
—
,5,818,449
'
v
Southern
&
''
'
* f
v. ^
r
gas
'
ft.)-—
♦Reduced
with
disposition
the
possible
as
said,
hearings
it
of
■
after
:
'
charged
either
"will
in this matter
to
issue
take
or
of
of
enforcement
secure
the
notice
a
such
April
»
order
action
tRepresenting portion of
to estimated resulting
table
foregoing
,
,
.
for
the
/
-'V'/ C'T-
.
'
'
1
,
'
,/
■»
-\.:i»
v
Section
tribution
(2)
'
>
"
*'
Power Co. of Bait.
Lynch,
Pierce, Fenner & Beane completed on Jan. 24 after the
% close of the market a secondary distribution of 30,000
The offering price
| shares of common stock (no par).
was $89.50 a share.—V. 163, p. 190.
4
J
Resigns-—*
Consolidated Laundries Corp.—Director
resignation of A. S. Jenkins, as a director of thifs corpSration,'
was
accepted at the Jan. 25 meeting of the board. He was the
former President of Consolidated Laundries Corp., and has continued
as
a
director until recently when he submitted his resignation. His
The
-
.
electricity
-—Secondary Offering—Drexel & Co. and Merrill
order:"
y
corresponding
of
electricity
Jan. 27,
with 200,600,000 kwh.
of 0.2%., Local dis¬
kwh,, compared with
last year, an increase
Consolidated Gas, Electric Light &
i
be'ap¬
(b)
11
Jan. 30 announced that System output of
and purchased) for the week ended
generated
200,300,000 kwh;, compared
week ot 1945, a decrease
amounted to 193.200.000
186,700,000 kwh. for the corresponding week of
Of 3.5%.—V. 163, p. 463."
"
Ix' >■*' ft *•
>v „L(> 'j r ^
''"n' *•
'
y
t-for the
1942,
9,
'
s
amounting to
1946,
may
as
y
■■
35,151,000,200
former Brooklyn Edison Co., Inc.
Electric Light' and
Power Co., which
^
r f'
period, the
reconvening
30-day
and
other
our
equivalent
surplus
to
the
In
include
v
^
r
■
of
•* •
In 1945 and $468,800 in 1944 quarters and
$1,875,000 in 1945 and 1944 12 months' periods by
The company on
*
'
expiration
»
,
.
8,847,147,500 36,972,580,500
9,136,069,300
and
(electricity
9.7
>'
commission's .order
the
,
1945.%';-V : vv
(2) No allowance has been made ■ in the above tables for Federal
excess profits
tax as preliminary computations indicate no excess
profits tax liability.;
; "v'i"v
,
Corp.—SEC Opens Way
assets.
1.,-
8,183,203,981
7,596,929,361
by $5,080,000
items
figures
6.3
•
1V
w
1945—12 Months—1944
■ .■' '•
' * '" •' '
v.
1,932,004,297
^ Weekly Electric Output—
7.2
202,450,000
'-v,
>?
i
Weekly Output—-
..
1945—12 Mos.—1944
$727,426
$726,011
$61,771
10.660,353 .124.434,480 122,291,647
$60,392
k 10,400,810
<
—V, 162, p. 3070/
soon
propriate
-1945—Month—1944
41
compliance
Commission
Cincinnati Street Ry.—Earnings—Period End. Dec. 31—
As
y
y.
Cr334,379
comparative purposes the
and New York
and
Queens
companies were
merged with Consolidated Edison Co. of New York, Inc., on July 31,
I:
that period, it said, Commonwealth & Southern or any
a bona
fide inetrest in the reorganization may file a
other
or
877,911
1,875,000
447 V 44 ';
cos
NOTES—(l)
:-'v
arid Exchange Commission announced Jan. 24 In a
opinion that it would withhold for 30 days further pro¬
connection with the recapitalization plan of the corpora^
having
for
sale
,«*Deficit.—V. 163. p. 68.
d
♦468,800
in income
1,073,860
6,230,000
105,591
5,080,000
Cr334,379
| reduction in provision for Federal income tax.
•
based. upon.-'the principle of retiring the. preferred stock,through the
■
30.697,673
14,406,619
-
271,653
construct.
deductions-
to
$6,230,000
10.7
Plans fqr Recapitalization-1--
During
person
37,213,864
17,449,959
38.246.721
33,251,384
9,008.464
railway-
railway——;
12,942,374
2,936,949
of
extraordinary deductions charged to surplus.
Securities
tion.
l—
from
Gross
Net
12,453,041
amort,
Decrease
182,767,000
ceedings in
1942
$3,004,735
1,762,630
703,613
■
From Jan.
45,357,290
13,772,672
,-Y'f 1,932,401,091
of
f.ccrtain
memorandum
■
railway—
from
from
2,905,315
49,375,754
-
1945- -3 Months—1944
,
1945
"•
^,\.=. U
1
to" New
■
Cincinnati New Orleans & Texas Pacific Ry.—Earnings
Net
620.032
10,315,895
3,204,050
4?,272,608
-
—
income
(kwh.)
462.
•.. -•••
'*
1
7 Commonwealth
24,939,999
40.7 91,747
;••
--
V'
»
>
December-r-
42,451,975
3,130,333
int.
merged
Sales
208,205,000
209,649,000
212,025,000
198,659,000
5
—V. 163, p.
>
•
The
Gross
46,245,421
■;
Sales of eleC«
~
*
1946
12:„_-_^„-r
Jan.
166.966,117 161.C14.173 138,395,019
44,053,216
32.053.754
49,035,451
51,009,307
163, P. 462.
.9,895,863
incl. a
long-term debt-
misc.
Net
and
$200,000
interest.
trustee,
and
Trust
&
185,987,000
—-J—.
194,567,000
19—';———
Jan..
170,665,890
Net from railway—.--Net ry, oper. Income—
'
*Jan.
From Jan. 1—
railway—
13,500,064
*>^1^^.
'
Week Ended—
1942
1945
1944
1943
Gross from railway— $13,295,487 $13,226,102 810,845,850 $12,437,262
♦5.772,924 ; 4,274,939
2,705,927
Net' from; railway.——
"2,069,899
l,771»30l
3,814,225
Net ry. oper.' income—%
1,358,660
"553,280
'
December—
income_„-
Broadway,
redemption price
163, p. 463.
Commonwealth Edison Co.—-Weekly Output—
1389.
♦Deiicit.
X:
Electricity output of the Commonwealth Edison group of companies,
excluding sales to other electric utilities, for the week ended Jan. 26
showed a 10.7% decrease from the corresponding period in 1945, Fol¬
lowing are the kwh, output totals of the past four weeks and percentage comparisons with 1945;
;
' ;
.
40,036,606
12,600,000
int.,
chgd.
of
;
of
■.
,
38,681,802
13,500,000
income
on
and
share.
per
■
-
3,150,000
debt discount and exp.
■
Payment will be made at ^the Title Insurance
Los Angeles. Calif.—V, 158, p. 573.
*
525,000
Minority
prepayment
"called
has
company
subordinated
of
9,887,162
(est.)
tax
tSpecial charge
.
from
Int.
462.
p.
9,202,222
Non-oper. income
inter-company
Other
♦7,477,233
Fed.
——
Y;
Gross
8,192,337
8,568,233
;
than
-
income
cu.
Chicago North Shore & Milwaukee RR.—Earnings—
period End Oct; 31—.
1945—Month—1944
1945—12 Mos.—1944
Gross receipts
$1,014,294
$873,525 $10,135,676 $10,151,155
Trustees' net earnings205,354
132,807
1,893,630
1,854,996
Gross
♦Fed.
Commercial Discount Co.—Partial Redemption—
railway
162, p.
'i
J
company
3,578,786
179,867,280
66,124,187 78,779,439
63,904,016
32,709,519. 50,668,954 34,504,654
railway— 228,946,936 226,709,693 224,515,240
Net ry. oper. income—
26,582,330
♦Deficit.—V. 163, p. 308.
—V.
income
7,389,026
-
other
Taxes,
registrar and
for the $4.25
agent
27,713,604
,
Depreciation
?
>■<;
V.
66,898,149
revenues.
expenses
Operating
appointed
transfer
opcr.
Maintenance
•
been
offering
dividends
accrued
will
are
accrued
.
been
York,
Funds
;
r
1,034,552
revenues—;
oper.
Total
Operating
headed by Hemphill,
group
& Co.
Trust
Farmers
and
share
Payment
-
'Prom Jan. 1—
Net
Other
outstanding shares, of $2.75 preferred stock, without par
called for redemption on March 15, 1946, at $53
have
250,434,366
102,513,408
24,072,673
28,759,704
9,054,865
.
underwritten
was
Bank
preferred
of the
value,
1945
f 1944 ^
1943
1942 •
Gross from railway-— $16,556,912 $18,677,060 $18,718,770 $16,904,753
Net from railway——
"1,366,745
4,625,919 V "4,507,289
6,752,641
oper.
gUS—i—■
Calls $2,75 Preferred Stock—
3,787,932
3,397,266
Chicago Milwaukee St. Paul & -Pacific RR.—Earnings
from
of
Int.
December—
Gross
Sales
,
and the - selling agreement was teriniriated
offering of 75,000 shares of $4.25 no par cumu¬
with non-detachable warrants, of the corporai-
and Hallgarten
Bank
City
per
Net ry.
3,734,582
2,729,605
3,182,651
closed
offering
-v.-.-
:
been
Chemical
cumulative
■si
32,635,256
23,964,174
11 510,363 ,: 8,099.674
68.
p.
The
Noyes & Co.
,
railway—
have
27,129,628
29,108,923
56,803,732
Columbia Pictures Corp.—Stock Sold—
■
$
211,540,158
34,599,519
4,294,691
63,818,030 259,180.148
25,215,435 104,514,364
electricity--—
Jan.
tion.
$2,440,307
555.344
171,591'
income—
oper.
from
5,168,947
2,738,386
10,746,777
14,192,749
5,725,624
of
Brewing Co.—Hearing Postponed—
noon Jan. 26 on the
lative preferred stock,
■
$2,565,175
$2,104,340
railway—
From Jan.
Gross
17,031,687
4,578,248
Sales
•
..at
" 1.943
1944
1945
■;
railway—_
■
Net
163, 68.
$
'
$
53,823,264 218,525,470
8.775,030
36,373.973
1,219,736
4,280,705
$
15,527,983
—
1945—12 Mos.- -1944
1945—3 Mos.—1944
Period End. Dec. 31—
due
bonds,
,
,
'
from
from
249,191
(SEPARATELY)
OF COMPANY
EARNINGS
309,239
Exchange, had been postponed on the request of the
30,-1946, to March 6, 1946.—V. 163, p.-190.
from
Books
Net
.
The Securities and Exchange Commission has announced that the
hearing upon, the application of company, to withdraw its common
stock,
($5 par), from listing and registration upon the St. Louis
Chicago & Eastern Illinois RR.—Earnings—
Gross
' $1,122,867
132,549
•
2,126,567
railway
Columbia
Chicago Burlington & QuincyRR.—Listing of Bonds—
New1 York Stock Exchange has authorized the listing of- $49>-
765,000
32,482
y
railway—.
oper.' income
ry.
$1,386,987 ' $1,226,356
201,729
136,386
income-.,;,'- ♦194,121
tRepresentto estimated
ing portion of certain items charged to surplus equivalent
resulting reduction in provision for Federal income tax. '
1°42
'
to surplus.
deductions, charged
periods by extraordinary
1943
s,
;,«■*
Aug. 1, 1«70.—V. 163,
649
CHKONICLE
y
'The
'
from
from
Net
462..;,.;:.
p.
1944
railwayji-U,' $1,069,965
railway—
„♦ 103,676
oper.
'41'"Deficit.—V.
26,839,280
$0.24
iQ.nl
1945
from
from
Gross
27,340,995
other appr.
fds. &
•
FfNANC1 Al
From Jan. I—
"
••.
operating income—
income
.1—
Net
December—
Net ry.
Cr993,000
*
Colorado & Southern Ry.—Earnings
■,
5
excess
railway taxes .u~i.
Sink.
'
1945—12 Mos.—1944
..'V
$
. ••
$
•;" 'i't!*'"
.•
">• $
15,819,889% 15,409,211 203,332,146 216,536,248
;-;i
:■
I
...
income
Federal
;
1945—Month—1944
Per.od End. Dec. 31—
COMMRRT1AI
The weekly, kilowatt, hour output, of electric energy of subsidiaries of
tS this corporation adjusted to show general business conditions of territory served for the week ended Jan. 24, 1946, amounted to 242,783,018
as
compared with • 273,514.1?8 for the corresponding week in 1945, a
decrease of 30,731,120 pr 11.24%.—V, 163, p.'463.
r
162, p. 2389.
the board was not filled.—V.
place on
j.
v
-
-
•
Continental Can Co., Inc.—Acquisition—
,
-'"7
Colorado
Power
Co.—Registers with SEC—
The company on Jan. 25 filed a registration state'm.ent.with the SEC
for 43,750 shares of common stock, par $10.
The'jjhares,. which are
•
Central
all of the issued and outstanding shares
•:
shares
The
ding
and
The
are
V r-.-vi/
(b) of the
The proceeds of the sale
will
with other
be used
funds
to
•
(f\
'
u'';
>•'■••
-
•
;
4
•
J5\' J,)' *>.£' tp
-y
v.;
1
• ■*
■
;.
:
■
an4>hiaafics divfsforid.»-+Y. 163, p. k463. r<■%r*
*
1" <
*
Composite Bond Fund, Inc.—Registers with SEC—
for
stock.
Favre & Co., Spokane, is the general distributor and sole
underwriter.—V. 162, p. 6.
.
'''
*
•
and
(netV
furnaces,
Amortiz.
11,183,135
493,139
1,654,352
-
"
:
•
-
■:
■
•'-
■'
919,469
1,873,841
1,783,366
28
holders
to
record
of
for 1942
for 1941, $10
*
■
343,819
409,844
or 1943
$1,144,508
f $218,427
income--
34,359
85,695
1945—3 Mos.-
2,721
2,587
128,603
9,827
t$329,770
$1,181,454
t$4,129
$2,049,370
146,875
275,880
55,000
.
Int.
on
bank
»•..
137,940
'
73,437
•
27,500
10,407
loans
Federal
for
Other
3
38,600;
.
11,114
:
operating
♦Includes
404.300
current
NOTE-tr-A
the
the
t$452.214
*
$611,711 V
maintenance
expenses,
t$410,018
Operating
tOcthe
results
of
as
arid
rents
the
of the offect of
negotiations
on
the
Revenue
jntra-plant
Act
of
inequalities
directed by the War Labor Board.-
Listing of Preferred Stock
The
ew-
705 1.shares
; notice
of
:
The
merger
I
wire
.
from
held
at
holder
the
*
than
73,997.698
297.792.209
288.158.280
31.216.136
28.618,641
115,004.412
9.373,262
30,726,621
112,667,408
27,749.494
♦8,873,233
34,508,933
34,009,704
11.246.852
12.056,443
47,187,311
3,732,000
16,360,000
<
14,880,000
income
50,158,612
15,276,881
11,344,119
54,004,932
28,853
409,024
% -60,417
15,442,221
11,372.972
54,413,956
50,219,029
3,803,671
4,070,773
15,919,931
16,471,764
misc. deductions——
564.417
187,835
1.578,523
5,120.000
*525,000
of
'^thorized—
common
/
(no par), upon official
connection with the con-
to time, "in
making a total
of
of
time
shares
2,288,773
the
merger.
On
or
after
long-term
Dec.
1945
6,
the
holders of preferred stock may- convert such stock into common- stock
\of the Corporation at the rate of one share of common stock for each
share of preferred
stock to be converted.—V. 162, p. 2639.
"
chgd.
debt-
Minority int.
Seeks
per
Sales
(kwh.)
Sales
(cu.
of
2,053,108,102
:
A
30,374,720
$1.74
$1.70
*"
•
;
by
by
$6,270,000
:
?* .'■'•
1945—12 Months—1944
.
8,082,656,548
8,658,554,847
•
'
and
45,642,213
13,597,027
11,132,460
15,716,185
$5,120,000
1945
in
4,570,364,000 K,916.846,000
and
J.945
a"d
15,938,723,000
$2,100,000
quarters and
the 12 months'
$525,000. in. 1944
in
1944
for
v
10,423,919
of
this
^
,
authorized
have
corporation
filing of a
the
v:/;Cy;v^
is
stated
that
Susquehanna
retire
about
.
Net
with,
In. conjunction
■; ■■.;
, 1945
railway—$5,270,789
railway—^^--v;' s2,415,968
from
inccme-— '
From Jan. 1—
Net
from
ry.
163, p. bu.
■
1944
,
;
1942
1943
.
$6,549,949
.; 1,656,854
-
$6,634,293
?
,
795,674
;
=
2,175,048;
% 1,146,812
.aXiv.''
$6,373,311
2,198,254
' 1,239,469
79,029,144
^22,102,397
81,380,395
72,544,985
25,371,333
2,347,901
6,420,112
11,181,280
24,080,351
11,648,816
railway-^—
oper.
income.—
rtDeficit.-:,>,.
:
■
;
*.:^;
I
■
y.
y.yy
•:
! 7-i
.
*y<M4
»j,
i J. ■
'
•; ..•
i
(•;.?;
,
»
i'x
V.
%^r • >
<.
72,245.847
railway-^—j.j.^11,569,379
from
Net
*2,191,705
plans to
^ Sara¬
current^ interest
Western RR^Earnings—
■
from
Net ry, oper.
thefj extension of
bonds, the Delaware & Hudson
of publicly held Rensselaer
$7,500,000
Delaware Lackawanna &
December*—-— '*
Gross
:>'•
also
&
general mortgage bonds, upon which the
4.7%', increasing to 5Va% on Jan. 1, 1947.—V.
.
4,327.848,000
in
6,075,656
3,004,621
RR.
Gross
.
_
n
:
rate
30,256
10,826,188,200 10,484,138.500 44,413,351,600 42,080,774,000
(poundst—
48,150,134
50,484,717.
12,644,940
8,848,260
45,943,412
—
Bond Extension—
Albany
toga
.
30,949,625
2,057,542,282
•
Sales Of steam
1,397,103
with
..
—
"Reduced
call
55,209
•
6,576,558
■.
gas
ft.)__
railway
Nuelle
Mr.
the
2,100,000
6.270,000
r*rTi4 979
1945—3 Months—1944
I
.; ••.■■ ■
of elcc.
1,646,337
the Interstate Commerce Commission seeking authority
to extend the maturity of $10,000,000 of Albany & Susquehanna RR.
Y 3 V2 % bonds, due on April 1, 1946, J. H. Nuelle, Presideatv. .announced
on Jan. 30,
The bonds were assumed by the Delaware & Hudson when
v the
Albany & Susquehanna was merged with the parent icampany* last
^ 1,217.336'
12,806
share.
com.
"r
Cr334,379
in income
f
,
...
directors
The
petition
1
income—6,288,512
Earned
766,829
incorne__r,
oper.
ry.
year.
construct.
Net
650,012
332,613 \
1942
1943
$3,819,957
$3;783.3G5
513,248 ,1,056,994
1944
$3,369,958
595,304
railway——
income-i-
from
Net
'•; Net
and exp. and
to
of
common
of
on
$3,431,424
oper.
from
Gross
-
%
Other int., amort, of debt
Int.
stock
time
stock,
income-.^-
discount
railway
From Jan. 1-—
48,693,062
1,210,000
1945
Fed¬
(est.)
tax
income
•
.
.
Corp.—Earnings—
«
railway---
from
Net
;
Net ry.
—_
463.^
Hospital, Inc., San Francisco—Calls 5% Bonds—
from
Gross
2,785,573% : 2,728,797
714,164
Inc.—Redemption of Stock—
July
December—■
"
stock applied for.
v
A
preferred stock is issued in accordance with the terms of the
of Wiekwire Spencer Steel Co. (Del.) into and with the CorpoEach
■
?
income-ifc-;"'' 165,340
vlnt.
other
stock of Wiekwire received 1-1/lOth
shares of preferred stock of the corporation for each share of Wiek¬
ration.
that negotiations are
looking to acquisition
sugar ; and railroad
securities-—V. 162, p. 1279.
.
Delaware & Hudson RR*
.
tSpecial chargejl:„l__2A
and
1943
and
common
V-
,
shares
issuance
4.628,196
^
77,338.040
income^—
Gross
-
:v;.
York Stock. Exchange; has (authorized the listing of 531,5%
cumulative convertible preferred stock (par 020)
of. preferred
aversion
;
h'A't-•'1
i
entire; issue:of first mortgage cumulative income 5% bonds
1, 1956, was recently called for redemption on Jan. 1, 1946
t.at 100 and interest.. Payment is being made at the Wells Fargo Bank
& Union Trust Co., trustee, San Francisco, Calif.
41,913,215
15.176,509 "' 15.857.707
8,273,938
Non-operating
of
additional
531,705
Dante
V
*
——
Operating
fLoss/-
from,, income Is being made and is
"reserve for Federal taxes and contingencies" pending
k%
.
i
Trie
44.165,717
'
provision
further clarification
allowances
:r
i
\
658.561
10,114,233
expenses
other
Taxes,
eral
,$
227
$1,036,187
repairs,
and
-a''v'r
*
Depreciation
682,300
247,900,
and provision for doubtful notes ;and >accounts.;";
■
v
'
't Jt
-1944
$
23$;(564:410
revenues—
oper.
1945—12 Mos.^
1944
F8
704,098
Maintenance
3
-
(& Subs.)
4,472,565
Total pper,v revenues-
Fed.
fc-• Net Income———
credited
j-
President, on Jan. 25 stated
favorably with Hershey interests
Atlantic
of
.trie
Hershey Cuban
of said stock certificates.—V, 163, p.
of
plan
a
10,928,092
steam
Vi' v"'"-4'-
taxes
'•>• and contingencies.— 1
royalties
of
Sales
equip;
interest.———
Prov.
By
$
61:233.295
^electricity—
Sales of gas———-
$
Other
last.
051,801
10,603,537
,■■■••'
87,919
42,709
income bds.
5%
*
will be payable on
(Accruals
-Earnings—
.Sales J of
income.-——
on
28
and $5 for 1944 or 1945.—V. 160, p. 533.
$1,951,624
Net realization on aban-
Total
Dec.
Consolidated Edison Co. of New York, Inc.
Period End. Dec. 31—
operating profitInterest, rents, royalties
Int.
^
cumulative: preferred Stock,
1946, at $105 per share
share, will be redeemed
at the Chemical Bank & Trust Co., New York, out of corporate funds.
'Immediate 'payment will be. made upon presentation: and surrender
due
682,405
t$375,200
...
Net
prop.; plant and
of
...
909,690
emergency
misc.
Jan.. 25.
on
accruals of dividends on its
Bernard J. Hank, President
,
•facilities
.
,
recently called for redemption on Feb. 21,
and 'dividends amounting to
83 cents per
exchange
for a prior
preferred 6Mi% stock, shareholders who traded in 1940
will receive? $19 a share.
Accurals' on sh.« res traded- later total *15
Feb.
842,183
,
Chairman.: announced
and
<
422,068,
,
22,199,754
992,447
23,647,792
1,050,925
etc—.—
of
corporation has voted to pay. pll
outstanding preferred class A $5 stock,
$15,702,295 $14,496,359 $28,286;871 $28,451,779
-
Dcplet., deprec. and relining aj;d rebuilding
,«
"
outstanding 19,110 shares of 4»/2%
The
The
.
a
'
p,
Co.—Seeks Add! Properties—-
Crosby,
Cuneo Press,
'
(The) Conlon CoTp.—^Pays Arrearages—
.
revs.
oper,
! ; *Cost.; Of sales^--—.13,460,672
Belling and admin, exps,
1,052,369
Taxes, other than Fedf "
eral Income
—
513,529
and
(
properties in exchange for Cuban Atlantic
''
1945—6 Mos.—1944
1945—3 Mos.—1944
Period End. Dec. 31—
•
A.
by
.
Colorado Fuel & Iron Corp. (& Subs.)—Earnings—
Sales
^
\
yS Murphey,
p. 1765.
,
* S1
progressing
Cuban
with the SEC
shares yOf7 Common, capital
120,000
'
<
L.
'
162,
of
Cuban Atlantic Sugar
'y
'vpi.
y
Co.
paper
'
■
;
company
Fibre
registered 20^000. shares; of preferrao,.stock,
■
C,
his
that
Title Co., of Philadelphia,—Registers
The company on Jan. 22 filed a registration statement
amendment.—V.
.'.Conway,''-President arid Cliainriari of the Board, announces
has purchased for an undisclosed sum the Fliler
Filer City, Mich.
Full production of Filer,, established
in 1916, will be utilized by Continental immediately, Mr; Conway said.
The present "management will be retained^ and continue under the di¬
rection of Hans A.r Eggerss. Vice-President in charge of Continental s
Carle
'ijV*)'
$100 with the SEC,
The shares are issued and outstanding and
are being sold bv
present, stockholders. -The dividend rate- and. the
price to the public and the'names of the underwriters will bd filed
by amendment.
indebtedness of Crescent and
retire
'
The company on Jan. 28
of Section 11
carry out the other provisions of Crescent's plan.
The names of the underwriters will be filed by
'•o'"-'/
»•
■
par
be filed by amendment.
-; ;
being sold by Crescent' as part of
price will
'
»y/'
with SEC—
> "
stock of Colorado is
its plan for compliance with the; provisions
Public Utility Holding Company Act of 1935.
•
r
.'.1 -Av;--.-
Commonwealth
bd offered by Crescent for sale at competitivfe bid¬
to
offering
the
common
"y;.''/"-'
jl/.-.v.-...
of Colorado Central^ arc owned
by Crescent jpublicuService,,.COi
,
.
>
v-
1
'
moved- from! this1 country to Ireland in 1928 the company continued
to
make replacement parts for the Fordson
mowers and sweepers
f Period End, Nov. 30—
1945—Month—1944
i945—i 1 Mos.—1944 bland also redesigned those implements for^attachment < to .other types
Net ry. operating income
of tract6rs/bv:;SV:,';:,'*7::^?.v^
$559,777
$861,318 $4,539,606 $5,624,438
Other income
86,124
j 79,908
1,041,717
963,114 >'-/ During the five -pre-war fiscal years ended Sept. 30, ,1941 the
icompany sold pewer take-offs direct to Ford Motor Co. for installaTotal income
.—i •
$645,901
$941,226 $5,581,323 $6,587,552 ?;:;tion by it on Ford trucks, to dealers in other makes of trucks through¬
MisceljL deducs. fr. inc.
11,010
15,578
229,240 ,'196,697. out the country for installation on such -trucks of' different makes
and models, and to manufacturers of various of the special appliances
Total fixed charges.,
?
501,864 .
607,271
5,945,261 .6,574,638
to be .operated by-the take-off.
Sales of power take-offs specially
Net income
$133,027
$318,377
*$593,178 -*$183,783
designed for use on the Ford-Ferguson tractor are made direct to
the tractor manufacturer.
All sales of power take-offs are. made on
Depreciation
(way and
• /
' ee-A\~A'
current orders.'During
Structures & equip.)the war the company manufactured - many
345,413
322,319
3,755,884
3,564,254
Amortiz. of def. projects •
thousand power take-offs for use by the Army on. its .various, makes
92,868
45,286 . 948,599,
460,133
Federal income taxes
* *
——
■
350,000
.
1,310,294
of trucks.
"
:
"Loss. '
•
1 v ■?■'•■'??■ ■ -j,'■ ■■'
During the war the company's entire facilities were made available
•»
SELECTED BALANCE. SHEET ITEMS NOV. 30
?to and were almost entirely utilized by the Army, Navy and Air Corps
of the United States for the production of war supplies .for the armed
t
Selected Asset Items—
■
1945
1944
FOR NOV..
BALANCE SHEET ITEMS
SELECTED INCOME AND
t
Monday, February 4, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
650
Duluth Missabe & Iron Range Ry,- -Earnings-
?
,
December—
I Gross1 from
-Net from
Net
ry.
i
•
1945
<
♦2,358,226
1942
$456,047
$771,680
*1,212;300
3,991,599
income—
r?
1943
.
$256,989
*7,157,344
railway—
oper.
1944
.
..
$270,463
♦1,883,711
754,423
*1,313,987
1,083,173
v
,
From Jan. 1—
.
j:-.-
from
Gross
'Net' from
.
;
-
railway-^--.
Net
-
^ ' 39,216,249
railway,
13,221,841
railway---;—_
oper. inccme—
ry*.
»Deficit.~V.
163,
- 15,200,192 :
40,600,071
20,388,263
9,335,449
41,785,459
21,736,479
9,531,111
43,880,824
27,477,475
9,174,633
*69
p.
—-
„
Dulutb Winnipeg & Pacific Ry.—Earnings—r-
'
-
December—
Gross
from
railway-
Expenditures (gross)-for additions and betterraents (road)
——;—~ -$738,936
Expenditures (gross): for additions and better/
ments
(equipment)
—
—6,540,187
-Invest, in stocks, bonds, etc., other than those
_r——
,
debits————«-?■?
unadjusted
investments
Temporary cash
—,-■■•'
,
.
Special deposits
——
Net balance receivable from agents and conduc-
•.
receivable——_
accounts
Miscellaneous
..
Materials and supplies
and
Accrued
accounts
i
4,200,909
3,982,506
588,247
1,100,174
2,813,445
——
unpaid
Accrued accounts payable—
.
'
Accrued
:
Other
,
104,452
316,649
—
—•
liabilities
current
—
(.-i-.i-
.
,
41,504
194,267
2,150,707
2,106,363
——
liability———
tax
—„—-
.$1,8.89,071
Dividends matured unpaid-—
iXUnmatured interest accrued---------.
.
■
-
1,797,559
6,514,452
' 6,651,265
.
*
;
'
-
$21,464,604
3,084,923
liabilities—
$14,441,721
Analysis of acc. tax liability U, S. Gov. taxes^.
1,061,340
Analysis of accrued tax liability, other than U.
S. Government taxes-—
1,089,367
Other unadjusted credit's
—
968,397
current
Total
163,
p.
and
mowers
'
PRESENT FINANCING
?
company
shares.
becoming' 298,231
thereby
•
STATEMENT
INCOME
"
?
Total
revs,
gross
expressed
as
Total oper. exps. and taxes
Interest
Other
•
in
U, S. dollars
.Canada
j '
,
\
51,508
for
f:
.
,
income
.
taxes-^.—'/
States
United
and
Dominion
1.004
f
Any
-•
'
income
'
—.
paid
<Sc
&
Shares
outstanding
Earned per share
■
tin
132,098
$3.96
'
in common
Net
allowances for
income
tax
CONSOLIDATED
purposes.
BALANCE
>
v
r;
SHEET;'OCT.
;
-
*
31,
-
>
Co.—
Inc.—
—Increase—
National Power & Light Co.—
;
3,500
Subsidiaries
•>'J
Operating revenues
■.„■'.•
less returns and allow.
operating profit
Other
7,874,413
524,866
$1,184,318
;
70,417
**
charges
Net
tax
profit
surtax
and
,•»;
♦After
-
deducting
7
price
•
by permission of the Foregin Exchange Control Board of Canada, $728,-
'
$433;235
149,116
,
retroactive
gotiation for 1943,
BALANCE SHEET AS
.
635,725
:
Dividends paid——
1945
38,665147,110
•
profits tax
Excess
7
—.$1,254,735
income
(including $21,875 in Canadian bank expendable in pay¬
ment of current liabilities in Canada),
$420,386; miscellaneous accounts
receivable, $6,886; total, $8,418,173.
•
/
.w, "
and on hand
taxes on
other
$858,916
76,621
stock
(132,098
shares
for
Balance
.
Trans,
$327;177
$356,312,
__—————-
from
<
,
,
$1,025,578;
5,175,644,
86,250
8,356,150
86,250
24,217,195
345,000
28,559,521
335,000:
5,089,394
449
5,089,843
8,269,900
31,472
23,872,195
572,914
8,301,372
24,445,109
28,224,521
586,729
28,811,250
2,324,860
3,282,207
5,976,512
■'/■■.
■:
7,751,004 ,12,600,02|
16,211,229
16,694,105
^.:7- ^
depreciation,
i
plus
($173,775
of
Canadian
subsidiary surplus restricted as
payment of dividends), $651,181; total, $8,418,173.—V. 161,. p.
the
1182.
to
withheld,
$8,287;
unpaid dividends,
$2,132;
payable to holders of
52 shares of old class "A" capital slock,
at $25 per share, $1,300;
mbrtgage payable (paid in full Nov* 7, 1945), $226,354*; provision for
Federal. taxes on income, $586,915; capital stock
(par $1), $149,116;
capital surplus, $207,103; earned surplus, $2,133,752; total, $3,821,766.
—v. 163,. p,. 191.
?:
7? ?/;7:';;;,. 77,r-:y - ';;.-.- 7.7:7'-;
.;
<
•7
-
Detroit Edison Co.—Special Offering—A special offer¬
ing of 22,200 shares of capital stock (par $20) was made
.
Detroit & Mackinac Ry.
on the New York Stock Exchange Jan. 24 by Hallgarten
& Co., at $25% per share, with a commission of 40 cents.
Gross from
—V. 163, p. 309.
J
Net from
Harvester
Co.—Common
Stock
&
BUSINESS—Company
was
Incorporated
in
Net
Dr135,939
435,023
5,827,362
1,379,383
16,332,223
2,215,504
16,075,290
5,722,364
148,877
92,402
798,371
359,236
Corp. 7
of
equity
2,593,741
4,355,577
13,338,348
9,993,690
Electric Power & Light Corp.
equity (ns above).
2,593,741
Other income ■
■
3,938
4,355,577
2,339
13,338,348
16,787
9,993,690
2,597,679
4,357,916
13,355,135
10,0'03,006
16,124
of
inc.
in
subs.
con.„
V
Net
-
—
Total
—
other
taxes
.Fed.
9,316
than
Dr3,067
3.379
.7,054
income
taxes, on
4,676
38,792
13,802
r ,19,697
140.044
503,550
1,452,022
1,521,280
16,
hardware,
line
of
When
"Prestole"
the
and
other
automotive
and
metal
other
fasteners
and
a
miscellaneous
parts.
organized its' products were confined
to attachments for the Fordson tractor, including particularly mowersb
and
sweepers..
After the manufacture of the Fordson tractor was
company
was
first
Other
taxes'
160,402
■
Expenses
...
Interest
Prov.
•
etc.,
income
on
Balance
312,234
deduc,—_
Federal
for
taxes
'
399,593
12,500
27,000t
—
surplus
,
■
—
731,983
•
3,797,724
2,148,056
♦Full dividend requirements applicable. to.
.
-
259,500
•
11,085,147
.
'
37,500
7,678,744
respective periods whether
; earned or unearned.
'
v
INCOME STATEMENT OF
oper.
1942
1943
;,i944
$99,880
$82,410
$71,605
9,886
♦88,077
//Period EndedNov. 30-7!
:$iir,oi5
30,743
:
46,586
19,880
3,555
♦92,221
35,384
1,039,655
1,016,205
975,711
i,189,479
146,912
43,061
♦56,742
income
Net from
railway——
railway
Net ry. oper.
184,260
inccme
♦Deficit.—V.
163,
82,830
p.
,
65,267
461,164
.
COMPANY ONLY
;:
'
1945—3 Mos.—1944
?
1945—12
ijos.
1944
'
Gross Income:.
subs..—console
From
$702,113 $10,208,938
2,339
16,787
$2,812,413
3,938
//•Other
Fed.
-
$2,937,078
•
9,316
Detroit Toledo & Iron RR.
-Earnings-7-
•from
'
Gross
from
'
Net from
Net ry,
$748,905
297,440
$775,397
-
248,017
8,443,148
8.990,261.;
9,418,104
8.368,864
2,434,530
3,480,843
4,213,219
3,624,902
2,152,105
2,458,734
2,158,996
♦71,764:
income:.,.^
1942
1943.
$850,541
301,043
169,989
railway
railway,
oper.
7.
1944
1945
$697,803
\
Net
Net
from
from
ry.
railway
.*39,385;:
.
-
railway—_—
oper.
income,-,-.?
♦Deficit.—V, 163. P. 69.
1,305,947
'
—
>
v
etc.
:/ $704,452, $10,225,725 ;
$2,946,394
269,290
13,802
3,379
4,676
38,792
19,697
140,044
503,550
731,983
312,234
399,593..
1,452,022
1,521,280
income
Net income .i—'
.
16,124
Cr3,067
'?
7,054
deduct.
Prov. for Fed. .taxes on
income '■_—7—.-——
?
;
_—
Cr27,000
12,500
$2,366,728
$144,260
369,250
From Jan. 1—
Gross
taxes
int.
■
than,
160,402
income
on
Expenses
Total
December—
other
taxes
taxes
Other
:
69.
$2;816;351
Total
.
341,918
1922.
machined
'
-Earnings—
1945.
railway;.;...
railway
GrosS from
Michigan,
Principal executive offices West Jefferson -Avenue,
Detroit 9, Mich.
The operations of the company have been conducted
in Detroit,
Mich. (Harvester Division), and in Toledo, Ohio
(Dura
Division
and
Prestole Division).
It
expects, to operate a plant in
Zanesville, Ohio (to be called the Implement Division).
The
company's principal. products
are4 power' take-offs,
mowers,?:
sweepers, window regulators, glass channels, miscellaneous automobile
Sept.
>
Dr341,882
From Jan, 1—.
Sold—Under¬
writers headed by Reynolds & Co. on Jan. 28 offered and
quickly sold 101,769 shares of common stock.
HISTORY
■
Dr 149,150
'
December—
Net ry.
Detroit
■
■
l?rl04,566
3,177,641
—
Portion
A
$187,073;'inventories,
20,106,777
♦Pref, div. to public—
applicable
to
minority interests
rene,
.SEPT. 30, 1945 :
19,664,549
&. from
to
Total
146,110
149,116
—
—
2,912,079
4,597,315
public
to
int.
franchise reserve
adjustment resulting
OF
income
114,247
4,592,912
1,807,636
& deplefc, '
& deprec.
etc., deductions
73,359
150,000
385,000
•
Cr7,834
retire.
Appr.
Operating
$935,537
$846,600
-62,311
150,000
277,976
8,174,091
2,912,075
Gross income
no
$1,261,028; reserves for amortization of land, ease¬
ments and intangibles, $136,S^l; capital surplus, $11,400; earned sur-
t
11,993,753
'
•
'
12,019,884
of
in
lieu
income
Other income (net)
on
receivable,
accounts
18,105,280
2,926,248
_—
Net oper. revenues—
Rent for lease of plants
11,555,460
517,785
g balances due from employees, $7,924; investments, $17,645; property,
plant and equipment (after reserves for depreciation and revaluation,
par), $4,807,980;
first mortgage 3 Vn % refunding bonds, due April 1, 1964, $1,330,000; 7 $854,872),;$834,672; unamortized dies, tools' and fixtures,. $62,754;
accounts
payable and accrued payroll, $44,819; United States and
patents,
at
nominal
value,
$1;
deferred xharges,
$64,270;
total,
Dominion of Canada income taxes
$3,821,766.
...
(subject -to review by taxing authorities), $140,281; accrued interest on bonds, $3,879; other current
LIABILITIES—Accounts payable—trade, $310,303; accrued liabilities,
liabilities, $1,195; unredeemed tickets and tokens, $30,040; reserves
$196,502; employees' war bond subscriptions and Federal income tax
LIABILITIES—Common
_
$781,228;
24.953,266
income
Charges
.
393; prepaid expenses and deferred charges, $122,648; cash in banks
8.669.607
1,134,088
prov.
on
hand, $413,440; United States treasury notes, tax series, at cost, plus c accrued interest, $426,980;
trade
accounts receivable (including claims of $401,151 relating to terminated
war
contracts and
after reserve of $10,272 for doubtful accounts),
ASSETS^—Cash. In banks and
2,130,724
3,952,940
2,836,622
for • prior years'
for Fed. taxes
Adj.
res.
? $755,629
90,971
48,775,244
49,379,217
12.239,843
2,133,699
taxes
Prop,
10,786,011
503,296
34,296,443 139,010,131 138,626,744
30,904,111
—12,212 294
taxes
Federal
■
$9,533,597 $12,044,935 $12,932,160
income
Normal
—
Operation
1945
1944
1945—12 Mos.—1944
tytfP-.p'y':/
1945—3 Mos.—1944
Period Ended Nov. 30
Co.,
■
of any
Electric Power & Light Corp, (& SubsO -^-Earnings—
Maintenance
.'.
.
♦Decrease.
1,500
■
* 3.7
*15.2
*0.2
6,291
*13,755
*234
NOTE—The above figures do not include the System inputs
companies not appearing in both periods.—V. 163, p. 463.
1,500
Inc. ?'
.
Pet.
Amt.
169,685
90,630
104,786
104,552
1,500
Kay, Richards & Co
Henry C. Robinson &
inputs of client oper¬
1945
1943
175,976/
76,875
1,500
.Co.————
&
Input—
ended Jan, 24, 1946 the System
American Power St Light CoElectric Power & Light Corp..
r
3,500
—.
Co—.
Company,
Co.—? 3.500
Total income
.Other
tangible property, $6,422,170; intangible, at cost or
less, $491,446; deposits in lieu of mortgaged property released, $226,244;
other cash, securities, etc. in Canada, transferable out of Canada only
:
Canada.—V. 161, p. 206,
of
companies for Ebasco Services, Inc., which are subsidiaries of
Electric Power & Light Corp. and National
Power & Light Co., as compared with the corresponding week during
1945 were as follows (in thousands of kilowatt-hours):
Net
.
-ASSETS—Total
7,-
Jan.
American Power & Light Co.,
balance will be used for general working capital purposes.
Other
NOTE!—Provision for Canadian income taxes for the year ended
Oct. 31, 1944 has been reduced and net income for that year has been
increased by the amount of $31,499, to reflect an adjustment, credited
to
earned
surplus in 1945, resulting from additional
depreciation
v
on
ating
ty
a
»•*
^
Bank
Royal
For the week
3,500
Co.-
Northwest
&
;:Gillen
Cost Of goods sold
Selling, general and admin, exps—
.stock dividend of 5% valued at $230,463, was paid
stock.
♦No provision for excess U. S. profits tax required.
addition
30, 1946,
1, 1951, at
in Canada,
excepted) of Dominion Bank, Bank of Montreal and
redemption
Ebasco Services Inc.—Weekly
2,500
2,500
2,500
Johnson
H.
Burr
4,000
Co.——
Co
♦Gross sales,
"i:.
$271,958
158,836
127,645
$2.13
$523,233
tl63,610
————
territory
(Yukon
the
INCOME STATEMENT YEARS ENDED SEPT. 30, 1945
;
93,207
.
Del Valle
who died
Ltd.—Partial Redemption—
called for
recently
company
Operating Subsidiaries of—
Outstanding
.400,000 shs.
Co.
1943
256,711
•
s
■
Bradford
C.
$365,165
$779,944
R.
'Pacific
&
-
Net
;. Cash dividends
•
.
v
Gardner—
and
Boettcher
of
On Income—•
Taxes
(T.) Eaton Realty Co.,
The
-
612
7,653
Associates—New President—
of
meeting
a
$292,500 of first mortgage 4% bonds, series A, due Feb.
100 and interest.; Payment is being made at. any branch
PURPOSE—Company
expects to
apply the net proceeds
(about
$1,830,000) toward the following purposes;
$1,200,000
Repayment of present bank loans—
—,—
240,000
Zanesville plant (implement division)
-l——'—
155,000
Detroit plant (Harvester division)—:
:
—
150,000
Toeldo plant jpura division)—
_■_—-
$443,952
77,169
expense
before
Net income
♦Provision
J.
&
Richter
Scherck.
7,000
7,000
Co.——
Lerchen
Peltason, Tenenbaum'
$1,091,667
647,715
$839,145
—
mortgage bonds
debt
...
500,000 shs.
•
Reinnoldt
Co.— ' 7,000
•Ball, Burge & Kraus—' 4,000
Bateman, Eichler & Co.—
4,000
Loewi
38
first
on
727,245
regular quarterly
trustees held on Jan. 25, Manuel A.
was
elected
President to succeed the late C. K. Bowie,
Jan. 13, 1946.—V. 161. p. 461.
agreed to purchase
of common stock set forth below opposite
Co.—
&
Watling,
1944'
$1,566,391
interest
Amortization of
-
Sutro
31
1943
(except inc; taxes)
Gross income before income taxes
■■•
.
'
1
Ohio
The
,
ENDED OCTOBER
a
to holders of record
$6
This
Eastern Sugar
At
names:
Reynolds & Co.——
26,269
Van Alstyne, Noel & Co.—
8,000
Alex. Brown & Sons-——_
7,000
Corp.—Split-tip of Stock—
YEARS
respective
their
Commission
.
:
/^^//.AutliorizedL':
—.
from the company the shares
approval, .on Jan. 23 from the Interstate Comto; change ■ its capital structure}: the j corporation
on Jan.
25 announced that it plans soon to: declare) effective a
proposal calling for "a fchree-for-one stock split. The exchange will
take place about Feb. 15.
;■':-? /.'?://
'
/.;
;
v
^
,
UNDERWRITERS—The several underwriters have
?
.
received
-
•
;
'
"
offering, the capital¬
>•
?*??:.;:■?/:?'??????-???
Common stock (par $1);
held.—V. 159, p. 2518.
Detroit & Canada Tunnel
?; -JHaving
All Arrears
dividend will wipe away all the arrears on the
senior stock issue.
When the company; resumed payment of dividends;
on this stock in the last quarter of: 1938 the arrears amounted to
$46.50 a share.
Dividends in arrears on the 21,178 preferred
shares outstanding amount to about $92 a share.—V. 162, p. 2941.
has no: funded debt.
Giving effect to such amendment and present
change in capitalization from 11,000 shares with a par. value
to 55,000 shares with a par value of $20. v If the proposal is
) approved, stockholders will receive five shares of $20 par stock for
? marce
•
declared, a dividend of $6 a share on the
preferred stock on account of arrears and
dividend of $1.50 a share, both payable March 15
of Detroit on 90 day notes
outstanding
309.
posed
.
,
Jan. 24,
trustees on
Feb. .26.
special meeting on Feb. 20, will vote on a pro-
teach share of $100 par stock now
was
lirst'
for delivery
articles of incorporation dated Jan.
stock was increased from 200,000
shares (par $1) to 500,000 shares (Sl .par) and each share of cofnmon
stock outstanding became 2 shares of common stock, the total, shares
■
; of $100,
.
Greenville, SV C.—Retires Preferred Stk.'
preferred
reported l that v the entire; issue of 7r/o cumulative
redeemed on Oct. 1, 1945.—V. 156, p. 1236. ; '
is
The
?
current maturity.
Hook & Eye Co.—Plans Stock Split-Up—
The stockholders, at a
170,943
First Preferred Stock—
on
sweepers,
ization is as follows;.,
De Long
556,928
'•
Eastern Massachusetts Street Ry.- -To Pay
By certificate of amendment to
10, 1946, the authorized capital
L. & W.—V.
into D.
Co.
It
stock
It is presently indebted to Na¬
aggregating $1,200,000, matur¬
and March 18, 1946, Company
expects to be able to make satisfactory renewals of these notes at
The
.
Warren
'
"
43,810
ing at various dates between Jan..23
Listing of Bonds—-
of
orders
or
tional Bank
account of principal of long-term debt
v:~ The New York Stock Exchange has authorized the continued listing
of $1,394,000 Warren RR first refunding 2Vz % gold mortgage bonds,,
-■..due Aug. 1, 2000, assumed by D, L. & W; As a result of the merger
■
of
CAPITALIZATION GIVING EFFECT TO
3,429,529
335,777
,
•
,884,883
395,871
180,909 ?:
41,787
income—<■/'
p.'70,-
163,
2,095,737
72,930*
-
/
2,735,555
562,432
railway.___
railway--.
oper.
Dunean Mills,
'?
stated.
amount
(other
than long-term debt in default) -which will become due within six"
.months after close of month of report.—V. 163, p, 309.
♦Includes payments on
—V.
beyond 1946,
On
Dec.
18, 1945, the company's backlog of business for
1946,
represented by unfilled balances of purchase orders on hand, was in
excess of $10,000,000, but no? representation is made that actual
pro-?
duction or sales upon such orders during the year will be in
the
contracts
.
V,
ry.
'
termina-
including the
recently designed farm mower for the Ford-Ferguson tractor.
This
new farm mower is
designed on,the same principles and employs the
same
materials as. the company's heavy duty mower.
Unlike the*
heavy duty mower it is attached at the rear of the tractor and is
more easily and quickly attached and removed.
The method of at¬
tachment and the expected use of the mower permits it to be of
lighter weight than the heavy duty mower and to sell at a lower •
price.;'
Company
anticipates
substantial, sales of its implements,
mostly for farm use, in the post-war period, but has no production
entire line
its
of
manufacture
.
"
.
payable—
accounts
Miscellaneous
Interest matured
;
55;351
1,454,755
from
Net
"1
$196,557.
.
—_—
$764,847
within six months^—balances (Cr)—__i.:—
and car-service
Net
•
$29,508,915 $38,821,973
—
1. Audited accounts and wages payable
■
803,633
30,283
from
Gross
Government
proper
'
From Jan. 1—v '
■ ■
accepted, ?
however, have been reviewed and approved |
auditing agencies in cases where
the
'company: was? the prime contractor or by the customer'.where- the
company was a sub-contractor.
■
v, ■
s, : :
^
/
Anticipating, that its .business will be-expanded over the pre-war
volume, and believing - that competition: in all its products will
he.
greater than in pre-war times, the company Is providing for increased
and for more efficient and economical manufacture.
1 An additional
plant in Zanesville, has recently been acquired as part of this program.
("Implement Division")'for the
; .Company proposes to use this plant
.'/production of power take-offs for Ford-Ferguson tractors and for the
the
by
26,922
Net; ry. oper. Income—
.
?
2,806,406
740,887
.
'
■
all of which,
claims,
tion
,
..
—
Items—
Liability
Selected
♦Funded debt maturing
i Traffic
....
assets——
current
Total
»
28,926,072
1,225,284.;.' 1,417,149,017,758
9,138,000
8,538,000
3,357,378 10,825;035
1,923,723
2,789,387
2,536,796
3,014,526
4,170,593
4,320,669
.325,885
26X247
assets—.
current
Other
(
receivable——,
receivable————
dividends
Interest
.
'
-
all invoices for war products delivered : and
»have been paid in full except for approximately $375,000 of
-i!—--7?^?? 7,222,624
Cash
' -
■
with
-together
——3,992,361
co's.—-.
affiliated
of
.'Other
r-—
..
•Net-from railway-
?
■
'" *
' '
■
? All of the company's contracts for war production which were not
performed in full have been terminated by the Government.
Company
!lhas filed claims on all terminated contracts, and all such claims, :'
,
'
forces.
1943
$315,806
179,134
,127,219
3,040,907
$240,255
69,242
.
■■■
1942 - ?
1944
$218,407
32,901
,1,484
1945
;
259,500
$7,955,737'•
37,500
$622,132.
Exchange Plan—
A
preferred stocks of the cor*
the Securities and Exchange Commission.
by Percival E. Jackson, and a group, of
plan for retirement of the $7 and $6
poration is being filed with
Under the plan, prepared
yolume 163 '
holders
of
,
holders
<-
these
of
the
THE COMMERCIAL & FINANCIAL
Number 4461
•
stocks,
exchange
an
be 'effected^ allowing
would
preferred 13 shares of United Gas Corp.:stock
$7
hearing scheduled for Feb. 4 on
Electric• Power,~V. 163,
5, 309,
the
nontaxable to the shareholders, and that the amounts of the dividends
Manager—
should be applied against and reduce the cost of the stock.
The In¬
Ward,
jr.,. : President,' on "Jan. 30 announced the
ternal Revenue Bureau has also
recently ruled tentatively that the
appointment of Marvin J. Parks as export manager with headquarters
dividends of 25 cents each paid March 15, 1944, and June 15, 1944
at
1727 K St.,'-N. .W., Washington, D. C.
are.
...
.%*/„
taxablee while the 25 cent payments made
Sept,"15, 1944, and Dec. 15,
% Mr; Parks, a former airline pilot and test pilot,-has been associated
1944, are nontaxable.—V. 162, p. 2817.
with
the
Fairchild
Aircraft- Division
in
Hagarstown, -Md.,1 for the
past, year as an executive on the C-82. Packet project.^—
..
.
a. ; v.
General Public Service Corp.
The corporation's-export department handles
Proposed Exchange
foreign sales of the
>
Fairchild
Packet -#cargo
plane,
Fairchild
personal Offer to
J..-- Carlton
a.
exchange plan previously filed." by j
,;y.%
,
t
y
%
'■?
..
.
%%
Ebaloy, Inc., Rockford, 111.—Registers with SEC—' *
'
,
The company on
'Jan* 25 filed a registration statement" with the SEC
for 75,000 shares, of common stock, par $1,
The price, to, the, public
aircraft
engines,< and
Duramold
products.—V.
planes,163/' p.* 70.-
•
,v'
Business of company consists of five divisions as followsmagnesium ;1
foundry, main aluminum foundry, permanent mold department, bronze
foundry and fabricated products division.
-■
a
'
' '
yY The
proceeds will be applied as follows:
Tb reimburse company for '
-
[ Fidelity[& Casualty Co. of New York—Balance Sheet
Real
applied to redemption of 12,130, shares of convertible preferred,
$5, at the redemption price of $5.50 per share, $66,764; to
payment, on or before Aug. 15, 1946, of $50,000 first mortgage notes,"
•,
for additional
and
Webber-Simpson
working capital, etc., $369,615.
Chicago,
Co.,
&
*
41,581
loans
u._—
Intere§t
of
Other
the
25,000
4,212,846 i
,
accrued-
228,326 C
1,417,795
the
'
5,964,998
waiver
annual
A'
The
directors
issue
outstanding
of
as
April
warrants
redemption
■"'The original
to
order
needs.
voted
25
$3,000,000
of
1946,
15,
attached
the
in
Jan.
on
issue
of
R,
for
Total
Y»
fund
interest.
Unearned
entire
the
Reserve
debentures
Munn,
taxes
for
all
Voluntary
Capital
debentures was marketed in 1944
working capital for wartime and other
Net
upon the retirement of the debentures."
The corporation reported to the Securities
that sales in the
'
-
and
i
of
additional
for the
record
the
on
Com-;
Exchange
the
*■
annual
23,650,140
At
'
■
-
Jan.
Elgin stock," the company states.—V. 162,
p,
Chairman
Holland.—V.
of
directors,
■
Gross
from
Net "from
Net ry.
The
Eugene
through operation of
railway____
1,
bonds,
3!/a %
1945
income.—
Net
Net
ry.
1942
$2,772,565
$2,663,943
828,690
606,850
376,457
718,241
31,730,202
32,559,085
12,674,391"
C.
at
15,954,212
5,951,599
8,996,070
income—
10,173,479
20,838,086
9,356,879
7,873,959
4,401,728
oper.
>
192.,
"
-
•
Erie RRY
from
from
Net ry.
with
the
1943
Gross
1942
Net
2,395,690
• 1,528,384
3,802,154
2,479,811
,
1,701,288
income—
16,324,332
13,923,298
19,807,690
the
have
declared
dividend
extra
an
dividend
of
20
cents
'
per
of 30 cents per share, both
from
1
1 ,v
° J!
v
'
'
,4
-
f'u
,
'<*.
directors
Jan.
on
recommended
28
.
three-for-two
a
,
common slock.
common
'
-
,
Fall River Gas Works
:
Period End. Dec. 31-
10,294
15,871
15,640
$17,905
revenues-—
!-
% $18,841
6,333
•
Net
%Y
.
-
•
%
■
Cash
76,000
1,522
"
$140,647
109,199
119,126
DEC. 31
Materials
1945
1944
$4,218,679
and
200
•
debits——
;
Miscellaneous
-
Retirement
y
$4,548,106
.
.
-————!—
77,867
22,551
;
liabilities—'
Operating
-
reserve--!.
reserves
•_■——!!!,
———
,
Unadjusted
Earned
for
39,378
26,677
508
M 1,056,751
—
—
extensions—-—^—.
?,
,
credits
surplus—!——
:
■
—
—
4,^95
•
■
—•<
■'
893
667,289
746
'1,016,919
30,227
—_
849
-
74,227
599
.
'
Contributions
7
117,832
accrued—
-V.
-J!-!!!!!
162, p. 3191.
Wisconsin.
It
-
is
be
the
leased
from
proceeds
will
the
held
Dec.
on
company's
committee.
stock.—V.
declared
6,
common
in-,
company
Each
163,
in
$6
of
the
310.
p.
record
during
just .declared
162,"p.
of
$1.50
preferred
of
quarter
each
dividend
dividend
a
the
on
will
Feb.
43
Y
share
per
stock,
A
8.
1945.
no
par
similar
dis¬
Arrearages
amount: to
2817.
$60
after
share
per
,
it is
reasons
not
to arrange
companies in exact
However, they are always as near
possible.
as
'
always
'
alphabetical
alphabetical
'
'
—Week Ended Jan. 31—
' '
:
1946
1945"
■
,
$41,700
"
—Jan. 1 to Jan.21—
'
y'-Y
yyy
-
'
-■
>
i946
$46,150
-
■,Y%
""
-•
1945
?
""$120,300
$131,700
'
some
of the workers
From Jan.
Finance
Gross
Net
17,332
-
530
636,818
$4,709,147
$4,548,106
railway^!-
Net ry.
1j.
71.
p.
ment—
.
Y
'
,
New Electronic communication' and
of ship in all types of maritime
class
.
transmitter
In
describing
the
of
the
: :.(Ay
'\P
'
'
>
Y,, •,
cumulative
the
preferred
?
~
^ '
common
'
•
,
$103.50
at
per
before Dec. 31, 1955.
.•
<
engaged :slnc? : 1905- iti ithe
products.
In
addition
to
-
„
Goodrich Co.—New General Manager—
Chester E.
Carroll
lines'! sales
dising
of the
tubes
and
has been
division
have
for
been
electronics
devices
and
radio
is
accessories—it
Mr.
named General Manager
this
of the "asso¬
company—handling
Diamond,
announced
by
Hood
James
the
and
merchan¬
Miller
tires,
Newman,
J.
Vice-
Carroll succeeds Harry E. Keller, who is retiring after 43 years
the
organization.
1935
and
with
district
■
.
of
Brunswick,
company's
President.
the
He
company
had
assistant
been
since 1918,
to
Mr/
when he started
salesman.—V, 162, p. 2818.
since
Keller
as
;
a
Chicago
Y
Y
every;
announced
a
(H. W.) Gossard Co.—To Pay 25-Cent Dividend—
;
The
department.
communication
directors
on
28
Jan.
declared
a
dividend
of 25
cents
per
share
outstanding common stock, no par, payable March 1 to holders
8.
Payments in 1945 were as follows: March 1, June 1
and. Sept. 1, 25 cents each; and Dec, 1, 50 cents.—V. 162, p. 2148.
the
on
>
of record Feb.
marine
"Electronic
communication
receivers.
■
y%%y;
464.
'
y
■
y"
.
^
4,#
General Precision Equipment Corp.—Tax
corporation
Revenue
Bureau
dends
25
of
on or
par)
The stock is convertible
or its predecessors have bfeeh
and saleYof diversified dairy
ciated
Graham-rPaige Motors Corp.—New
';'7
a
y
■7
cents
per
.
Ruling—
that, the Internal
tentatively that each of the four divi¬
share paid by the corporation in 1945 is 100%
has'
has
"
notified
ruled
its
stockholders
executives
W.
a
board
Mr.
son
elected
Henry
of
ranking
to- be
meeting.
' ■%!%
Kaiser,
who ; is
of
directors
'Y
•
.
Vice-President and
General Manager of
to similar positions by the board
Corp., was elected
of Graham-Paige. " .
Kaiser-Frazer
v
Vice-President-
J. Kaiser, heads a group of four
officers of this corporation, Joseph
Frazer, President and Chairman, announced on Jan. 30 following
Kaiser,
Edgar
The company has published a brochure which covers the above items.
163, p.
($100
State, the company is engaged also in house-to-house distribution oi
milk, cream, butter, Ice cream, cheese and eggSY
iGiving effect to the present financing, the company will have out¬
standing bank indebtedness totalling $4,500,000, 50,000 shares of 4%
cumulative preferred stock ($100 par) and 493,839 shares of common
stock (no par).—V. 163, p. 193; V. 158, p. 1034.
Y
''•*
a
v;
'
t* ,v '
.'•< ..-"A %
(B. E.)
systems to power and convey the voice across great
of
water;-; shipboard
announcer
systems;.*'water-proof loud¬
speakers; marine-type broadcast receivers; improved radio transmit-;
Y—V.
stock
carrying on the usual operations of a distributor of fluid milk and
cream, the company manufactures and distributes powdered milk1 and
powdered milk products, including ice cream mixr ice cream, butter,
evaporated milk and' cheese.
The company's manufacturing opera¬
tions are carried on in plants in California and a plant in Wisconsin.
In California, where; it is the largest dairy products dealer in the
spans
and
995,800
the
equipment.
public "address
ters
809,423
^
5,202,727
2,136,528
3,519.717
! 1,1891382
of this financing, together: with approximately $2,300,000
company's general funds, will be used over the next two years
for
the enlargement, and
improvement of existing plants, for the
construction of a plant for the dehydration of milk and milk products
At Marshfield, Wisy and for the* acquisition and installation of; new
Lawrence listed the various units which comprise the
equipment,: !%%%%■% •
y,
Navigator" for safe navigation in fog and
darkness; depth-indicating and recording equipment to give a graphic
picture of river beds and sea bottoms along a ship's course; radio%directiori finders .for lake, ocean, and coastwise traffic; high-power
is
Y; 825,443
" 7,353,434
Proceeds
.
Mr,
electronic
There
139,630
1
-
into shares of
of
-,
'"f,1 f.- '
navigational aids
service
company's
navigational
279,734
165,037
6.511,350
2,435,290
share and accrued dividends.
Sales Manager of electronic marine equipment in
division
$535,881
238,299
Golden State Co., Ltd.—Preferred Stock Offered—
A group of underwriters headed by Blyth &
Co.r Inc.,
on Jan. 31
offered to the public 50,000; shares of 4%
Corporation.
%'■■■■•'•
by Ewing Lawrence,
1942
$599,271
•
;
1\
*'"
6,626,341
2,434,999
-
income..!
oper.
163,
with
4,495
%
from
1943
$492,780
228,753
Y, 161,141
'
from railway^.!!
—V.
in
.
' 3-
5
$475,447
.
1—
manufacture
Reconstruction
used
1944
1945
railway_!_.
from
railway
«„y y 113,803
Net ry. oper. income^! -"
- 117,907
also
the
be
163, p. -464.
•The
Total
Net
Co.—Registers with SEC—
to
of
apparatus,
Taxes : accrued—
.Interest
of
regular meeting held on Jan. 7,
a
of
holders
to
1946.—V.
y
Gross from
Gardner-Denver .Co,—Calls $3 Preferred Stock—
the
-
.deposits-
in
way
:
new
—»
|, Accounts payable—^—
f
8,193
y
on
Consumers'
21
December—
Inc.—Contemplates
General Electric Co.—New Electronic Marine Equip-
70,759
181,264
.-!_%y $1,654,525
$1,654,525
capital stock—
%
975.610
975,610
payable.*,-:—!i—tii.*-,;'
100,0001
100,000
'Notes
■
1,332
:
Capital stock ($25 par)—
Premium
y
$4,709,147
——
LIABILITIES—
>!
" k
——
Total
Co.,
The company has called for
redemption on Feb. 1, 1946, a total
365 shares of outstanding $3 cumulative convertible
preferred stock
(par $20) at $65 per share and dividends amounting to 75 cents per
share. Payment is being made at The Chase National Bank of the
City
of New York, 11 Broad St., New
York, N. Y. The conversion privilege
expired at the close of business on Feb, 1, 1946.—V. 162, p. 2146.
78,809
81,502
171,385
5,785
60,179
supplies
% Prepayments
Unadjusted
89,808
—_Y;
—i——^
—
Malting
$4,154,022
v
deposits—
&
of
-
receivable
applied;,,
70.
Grain
moving certain machinery and
the remainder added to working capital.
y-'
Sills, Minton & Co., Inc., Chicago, is named principal underwriter.
2,731
$149,596
and general equipment-
,
30
Jan,
r
i
»
Company;
76,000
$11,997
:
Special
the
1,
-*-V. 163, PY464?.
^
.
(
v
Accounts
the
of
total
employees of the
executive
shares
certain
the
meeting
shares
executive
the
300
Operating Yreven"ues_!iY %
Milwaukee
Gabriel
16,924
510
COMPARATIVE BALANCE SHEET,
Plant investment
*:
3,637^525
-
.
.
$202,453
'
ASSETS—
1 '
3,972,146
"■
.
'
4,929,908
•
"'l'
declared-——
•
.
regular
a
12,900
accumulations
made
Period—
.
facilities
$15,769 :
income
Dividends
.
•
$227,119 Y Y$219,378
6,333
,
256
charges
Interest
.
..
196,702
34,523
'
■
at
of
to 43
to
making
y> '
Georgia & Florida RR.—Operating Revenues—
306,173
preferred stock (par
$10). Price to the. public is $10 per share.
It is estimated. $300,000 of the proceeds will be
expended for hew ma*
chinery and equipment in expansion program and that approximately
$100,000 will be expended in improvements and new installations in the
$1,227,322
$192,595
1,726
:
$22,359
accrls—
res.
1
406,689
;
722,827
105,338
$1,287,082
v 767,438
117,944
209,103
$17,114
.
4,454
(net) /
'
Balance
officers,
■
the listing of 12,900
official notice of
on
offering
an
The directors at
on
position
7,650,690
.2,974,141;;
■'
,
1942
•
—V.
■
163, p.
,9.55,461
;
fur¬
1940
$1,058,445%
contemplating building another
malting plant in Milwaukee if domestic .and foreign demands for malt
continue as strong as is expected.
' * <
"
"
!
■'.> •
•
In .adtHtionto; its present " 'two
plants "in Milwaukee and a grain
elevator in Minneapolis,", the company has a plant in
Winona, Minn., :
and a plant in Detroit, Mich. ii All
plants'are-running'at capacity and
their output is already sold until well into
1947, Mr. Froedtert said,— <
-v.: 163, p..464.
•
^
:,"Yy;;Y ;
.
>
,
..
1945—12 MOS.—1944
$111,143
69,696
8,691
76,022
—r.
Non-oper.; income
■
6,585.297
'
,
$1)
(par
of
NOTE-—For mechanical
plants is under consideration by
this company,
according to Kurtis R. Froedtert, President and Chairman of the:
board.
The houses would cost from
$6,500 to $7,500 and would be
Part
;
3,424,318
income—
.'
-
sale
Feb.
was
Jan,
15,691,278 ' 10,937 -441%
housing project that would piovide homes for
its
under
Co.—Earhirigs-
$120,094 f.-
!
Retirement
17,217,191
railway„___—
-
stock
terms
action "of
of
order.
..
.16,210,994
the
announced
16
Jan.
on
The company on Janr 28 filed a
registration statement with the SEC
for .120,000-shares of 5%
cumulative convertible
l945tMtonth-%-l944:
revenues..
Operation
•
of
as
plus
"just enough financing charges to cover the cost of bookkeeping."
The company is now
erecting a third malting plant in Milwaukee,
; Wis,*," which is said to be the largest single construction
project., now
A
the proposed split-up, holders of common shares
of the razor-company would receive; three shares of Eversharp common
stock for each two shares owned,
:
•
1
>»*-■■>
" V
' '
;
Application has been made by Eversharp, Inc., to list its shares on
the New York Stock Exchange,
:
i
\. Ralph A. Bard, Chairman of the Board, and Martin t»." Strauss II,
President, announced that "it is the present intention of the board
of directors to continue the regular common stock dividend rate of
$1.20 a share per year on the increased number of shares to be out; standing as a result of the merger and the stock split.*'—V; 163, p. 463.
-
178,885
,
1639.
including
>
share
directors
1907.—V.
1943'
268,212
■
or
associated
since
$1,379,953
439,996
,
297,565
.
Jan.
Exchange has authorized
the
receive
payable
tribution
at a time when houses are hard to find.
What else we might do in
the future would depend upon the success of this
experiment."
v r< ^
-, Tbe plan, visions sales for ! cash or on small down payments and easy
terms under land contracts.
The homes would.be sold at cost
•
Giving; effect-to
oper.
'
Froedtert
.
•.
Net
$1,387,940
25,
1946,
committee
the
will
account
on
value,
available to Froedtert employees ■'on a seniority basis.
Y
"We are not thinking of going into the real estate
business," Mr.
said, "but are merely undertaking' to help.our/employees;
7,, ^
-V
A
in
enA iculled a sp^cialv meeting rd ^ct bn a proposed iner-:
MagazineRepeatingRazor Co., which markets the Schick
injector safety razor and blades.
'
If the merger is consummated, common stock of the ra?or company
Will be exchanged on a share-forrshare basis for present Eversharp
;
income
1944
$1,103,556
*1,162,652
♦1,222,369
Jan.
kwh.,
General Steel Castings Corp.-—Accumulated Dividend
Y* The
Housing Project for Employees—
ger with the
Taxes
died
been
ended
Georgia Southern & Florida Ry.—-Earnings-
regular quarterly
^
Maintenance
ratified
possible
railway
Froedtert
Atock split-up
:
had
only,
Investment
.
1945
'Deficit.—V.
:
Proposes Three-for-Two Split of Common Stock—
Operating
Manager,
He
Iowa
hi
the
12,
common
the
par
payment of
'
railway—
Net ry. oper.
24,372,832
payable April 13 to holders of record March 14.. An extra of 15 cents
share was disbursed on Jan. 15, last, and one of 10 cents on
15, 1945.
■ ■
-r
-
!
General
illness.
..
oper.
T
'
The
%
163, p. 463.
directors
per
Oct.
'P \
ry.
Net
139,491,426 156,720,899 157,893,223 133,353,572
railways—^
20,630,296
47,598,781 .53,765,451%48,711,103
and
and
brief
operates
$23
employees
V
Gross from railway^—%
Eversharp, Inc.—Extra Distribution of 20 Cents.—
The
1946
RR.~%Obituary.—
.From Jan. 1—
*
Y;
share
from
Net from
2,269,659'
327,972
railway.
♦Deficit.—V.
'
a
Southern
week
the
Corp.—Temporary Exemption—
162, p.
to
eluding 13 officers.
■''■
.
.
*1.036,246
income—
Net ry. oper.
after
which
J December—
1944
From Jan. 1—
Net from
President
71,
Iowa,
company,
'"
:
$9,575,917 $11,489,241 $12,664,436 $11,146,473
railway——
railway.
Gross from
the
159, p. 2302.
-Earnings—
1945
oper.
Crooks,
executive
Fort Worth & Denver City Ry.—Earnings—-
December-
Net
H.
27- at' Boone,
series
sinking fund. Payment will be"
made at the Harris Trust & Savings Bank, principal
trustee, 115'
West Monroe St., Chicago, 111.—V. 162, p. 568.
Gross
The
1
29,571,007
for
Corp.—Listing of Additional Stock—
employees,
643,111> shares.
at
1,707,493
„
railway!.—
corporation
on
of
pursuant
authorized
1 501,633
♦32,147
railway—!.—
from
r
Output—
Company Act of
Stock
shares
stock
1943
-
this
March
New York
1945,
1944
$2,613,543
'
,
Gross from
at.,
the
corpora-"
exchange offer to
an
Exchange Commission
thereof.—V.
additional
of
as
Ry.—Earnings-
Fort Dodge Des Moines &
next,
resigned
for
$2,490,354
?327,629
.
railway-——
the
1946,
310.
p.
under
company's
.
'.♦Deficit.—V. 163, p.
March
The
Holland
company and R. L. Fowler,
elected
President to
succeed
was
-
effective.
(2)
board,
From Jan. 1—
2816.
company has called for redemption on
and interest, $53,000 of first mortgage
1969;
(b)
issuance
the
•
oper.
to
."General Shoe
•:
Empire District Electric Co.—Partial Redemption—
due
3
1£2, p. 2941.
Florida East Coast
December—
and
order
an
extending
Director of the
a
4,
the temporary exemption of cor¬
poration (file No.. 812-372) from Act, pending final decision by the:
Commission upon the company's application for an order
declaring it
to' be
excepted from the provisions of the Act by virtue of Section;
are"
Mich.—-Acquired—
;
106.80%
ther
of
Co., Inc., above.—V. 158, p. 575.
the
of
163,
Utilities Corp.—Weekly
output of
Securities
issuance
$85,674,169 $75,465,359%.
President and
as
present
the potential market for
broaden
meeting
31
Mr.
400,000 shares will be issued to stock¬
"is to
a
March
on
position to make such
a
stockholders.—V.
electric
The
.
Continental Can
meantime,
General Securities
-
Florence Stove Co.—President Resigns—
*-
a
meeting
day when the amendment becomes
of the proposal
purpose
at
**
-
Certificates
The
stockholders
to
■
.
See
Elgin National Watch Co.—Plans to Split Stock—
holders
2,250,000
33,832,117
■
—
Filer Fibre Co., Filer City,
A proposal calling for increasing the authorized capital stock from>
400,000 to 800,000'shares and changing each present share into two
March 27.
1,200',000
2,250,000
—:—
:
quarter ended Nov. 30, 1945, which concluded
submitted
4,.
—
—
terms, of
the
1946, amounted to 124.831,250 kwh., a decrease of 2,834,613
2.2%, from the corresponding week of 1945,—V, 163, p. 464.
285 385
"
.
be
surplus
The
3,812,273
<
291,528
-^Securities carried at $1,789,356 in 1945 and
$1,321,759 in 1944
deposited for- purposes reqired by law.—V. 157, p.
440. "
- ■„
-
$290,903 against $1,287,803 at the beginning of the quarter.
For the first nine-months of the company's fiscal year the company
reported net sales of $18,649,429 and net profit of $469,228, equal to
90 cents a share on the common stock.—V. 162, p. 3191.
"
V
will
w_——3,810,528
stock
Total
amounted to $1,671,328.- The company also%' reported that unfilled orders at the end of the period amounted toJ
shares-
reserve
expenses
liabilities
'
the company's fiscal year,
'
and
other
of
inventories, and collection of a sub% stantial portion of accounts receivable resulting from war produc-Y
tion, the sale of plants and facilities no longer required, and smallerv
requirements for working captial ■ because 4-ofYpresentYlow:* rates.!'of*,
operation have eneabled the company to provide for the retirement
of its debentures and also to liquidate and ..terminate its V-loan, -so
that it will be without "bank "loart' obligations or fixed indebtedness
mission
claims
for
Reserve
$3,500,000
provide additional
Subsequent liquidation
for
Reserve
purchase
Stock
be. exercised on or 'before
President, further announced:
may
the
In
General Public
—$16,647,580 $15,750,580 *
28,842,416
28,516,982
—
and
place it in
preferred
thereon.
arrearages
series
yet
being requested to amend the charter of the
are
to
as
dividend
accrued
convertible
new
'
■
i
premiums
the
$85,674,169 $75,465,359
—
LIABILITIES—
redemption
sinking
5%
accrued
debentures
John
date,
15-year
and
at-103
the
to
call
to
5%'
Redeem
so
all
of
been worked out,
of stockholders to be held
meeting
stockholders
■
tion
Elastic Stop Nut Corp. of America—To
Debentures—Results for Final Quarter—
surrender
or
The provisions of the
exchange offer have not
3,925,400
,
203,888
vi--.:
—-——v-i—3,541,633 i,
assets —v———" 1,794,124
Cash
which,
9,606
.
15,000
collection-
corporation is .considering the making of an offer to holders
outstanding $6 dividend and $5.50 dividend preferred stock
to the extent accepted by such holders, is expected to involve
its
the issue of shares of a new
$4 dividend
convertible series of pre¬
ferred stock plus shares of common stock in exchange for their present
shares of $6 dividend and $5.50 dividend preferred stock, together with
$75,865,096 $63,894,235 '
estate
Mortgage
Y'Y;%
!•_—_!
-
'44!
Dec. 31, '45 Dec. 31,
T
Stocks—,—•
.-
Premiums *in> course
underwriter.
named principal
is
and
♦Bonds
par
$50,000;
ASSfeTS-^.' '
.
,
funds
stock,
■
This
of
:.;
.
Preferred Stockholders—
Ranger
Is $8 per share.
•
651
Fairchild Engine & Airplane Corp.—Export
%
plus.
cash and holders of $6 preferred 12 shares of United plus cash. y/y
Y The Jackson
plan is being filed for consideration of the SEC at
CHRONICLE
_
y.y
-:
.
named Vice-President in charge of manufac¬
turing and H. C. McCaslin, was elected Vice-President in charge of
engineering.. Both hold the same positions with the Kaiser-Frazer
Clay
Corp.
John
Bedford
was
-:-,Y?vyyY
L.
Cottor,
Vice-President.—V.
y;.'
acting
163,
p.
Treasurer of
310.
t
Graham-Paige,
was
named
a
V
FINANCIAL CHKON1CLE
THE COMMERCIAL &
652;
RR.-iEarnings---
Grand Trunk Westerir
1 Period End.
Operating
revenues
Operation;';
Maintenance—.
railway-.-
30,278,768
0,739,718
Net
from
Net
ry.
4,216,139
///* Deficit.
;
.
income
Net ry. operating:
Other income
revenues
Retirement
accrls._
res.
TOtal income
inc. \
fr.
$642,286
$322,379
- 3,956
——
deducs.
•
—
charges—1
Interest'
- 54,570
.4,414,65
^
"""*$75,282 ~~$234,604
Net income
,
,
$993,367
$506,234
wwgj
"*•«}
Plant
- u*/g>
mm
'
Expenditures (gross) for additions and, better-merits- (equipment) riv
———r— -:•/
Invest, in stocks, bonds, etc., other than those
of affiliated, cc's.
1944
receivable
Total current assets——.
—
2,172,
104,269 /
:---
$6,861,634
"3,009
Earned
969.302
Total current liabilities.
$7,307,458
—V.
,
-
—
Issues
the
of
■;
RESULTS
,
Net
Federal
•After
taxes
fiscal
year.
entire
the
computed at the estimated average
Net income is equal to, $1.01 per
'482,470 shares of. common
and excess profits taxes.
♦Net
'
NOTE—The above figures do
chain.—V.
163,
p.
311.
made
each
on
Jan.
declared
28
per
(
on
Iri
his
report,
// December—•
Ket
from
irom
•■
/
$12,665,203
railway—.
railway
O.
railway.-.
v
irom
ry.
._
oper.
Income-:
•Deficit.—-V, 163. p.
7,264,938
2,888,379
28,379,435
,
j
28,562,967
32,968,620
The
at
prices
for
ment
1946,
of
growth,
pid
r
shares
The
from
ry.
1945
.
railway-
oper.
"2,708,882
—
-
"18,639
inccme.i-
:
1944
1943
$3,137,569
•
1942 :/'•.'
$2,986,903
from
Net
from
Net
ry.
.
-
sales' may xarise during
/;■"
p.
3073.
be
Stock Split-Up—
at the annual meeting on' March 19 will be? asked
proposed 2-for-l split of the common stock, the company
a
result
or
the split-up.
is
/V,
Jan. 29 filed a registration statement
with the SEC
to public,;
property.
fabrl-
,
outstanding,
date of
Jan.
29, 1946, the
company
entered into employment
/contracts with Andrew'J./Hig'glns and Morris Gottesman, for a period
of five years from Jan. 1, 1946, at an annual compensation', of not;
less
than
$80,000
and
$35,000,
respectively,
plus,
in
each
case,
26,888
965,606
right to share in any additional compensation based on bonus or
649,4G2
the
sharing plans. "
the
37,736,686
37,858,695
33,173,151
estimated
7,333,514
11,784,435
13,138,680
12,498,169
income.' 2,762,860
4,624,909
5,918,935
5,648,668
net
proceeds
$4,238,000
will
estimated
•'Deficit.—V.
163,
be
used
profit
to be acquired from Higgins Industries Inc.
The balance
amounting to $4,793,800 will be available, pending specific allocation,
general corporate»purposes, including $600,000 to be spent for the
addition to the Industrial Canal plant if the Michoud plant can¬
be leased upon a permanent basis and $300,000 for purchase of
additional machinery and equipment as well as $400,000 for the pur¬
chase of jigs, tools and dies and for working capital.
'
■>
Van Alstyne, Noel & Co. heads the underwriting group, with names
of others to be filed by amendment.—V. 163, p. 193.
"
z
for
71,
p.
but the
actual -amount
<
will be
This will
and will
•incorporate the Fluid qatalyst method of cracking, a principle which
was employed in
the United States to produce a large part of the
world's wartime 100 octane aviation gasoline,
"Cat crackers" also
produce bases for synthetics such as' rubber and plastics.'
of
the
building
A
be
most
of
structure
of
Some
the
features
important
of
trie new
program
Canada's first catalytic cracking plant.
equal in height to a 15-story building,
other
construction
work
will
Include
a
4,200
barrel
plant and remodeling of existing
begin this spring. The new units
will
occupy
approximately 270,000 square feet of space and will
require some 18,000 tons of steel, 200 tons of alloy steel, 1,500 tons
of cast iron, 25 tons of copper and brass as well as many miles of
pipe, • thousands of valves and other fittings. New storage tanks
with a capacity of more than half a million barrels also will be
installed.
This
additional
tankage capacity will permit refining at
a
uniform rate of; 27,400/barrels per day throughout the year.^-V,/
162, p. 1890.
day catalytic polymerization
equipment. Work is expected to
per
Inlaud Steel
The
trustee
amended,
as
162,
C&^-Appoirits
corporation,; has
Individual
p.
to
of
succeed
Successor Trustee--
•
Robert L. Grinriell as successor
bonds- dated > AprU/T,: )928»/'
Osgood, effective Jan. 30. 1946.—V.
appointed
the
first- mortgage
Roy
C.
3192,
International Business Machines Corp.
new
-Listing of Ad-
ditional Capital Stock—
The New York Stock Exchange has authorized the listing of 286,481 >
Addtional Ahares of capital/stock (no par)- making the total amount;
Applied for 1,432,407 shares.
The directors, at a meeting held Nov. 20, 1945, unanimously fec-Z
ommended for approval by the stockholders a split-up of the corpo* /
ration'sxstock Sp/as toxAive/each/stockholder; (without,-cost to stock-'.
holder) one-quarter additional share of capital stock for each share;
of
capital stock then held by him.
Each stockholder will have a
25% increase in his stockholdings to represent his then proportionate
interest in the corporation.
This eliminates the previous policy of
the declaration of annual stock dividends by the corporation.
Z
The stockholders at a special meeting Jan. 8, 1946 approved the
proposal (a) to authorize 286,481 new shares of the capital stock,
so that the total number of
authorized shares, as so increased; will,
be
1,786,481 shares; (b) to change the 1,145,926 issued shares of
capital stock into 1,432,407 shares of capital stock
(both figures
/including the shares pf; capital stock1 reserved for the/consolidation/;
of outstanding scrip certificates)
and to provide that each stock¬
holder will/ become the holder of one-qUarter additional; share of f
capital' stock for/ each share of capital stock then held by him*
(resulting fractional shares to be represented by scrip certificates).
:
No consideration
has been received or will be received by the
corporation for such issue. The proposed, split-up Will hot effect any /
change in the amount of capital or surplus of the/corporation.
,
,
.
Purchase and Sale of
Scrip Arranged—
Watson, President, has informed stockholder^ of this /
that arrangements have been made with F. S. Smithers
& Co., whereby that firm will buy or. sell scrip for fractional shares
of IBM issued in connection with the company's stock split-up. This
will enable scrip holders either to consolidate holdings into full shares
of stock or dispose of the scrip.
Buying and selling prices for the
scrip will be based on the opening sale of the corporation's stock
on
the' Stock Exchangee on
the day subsequent to receipt of,<;the
/ Thos.
J.
•
corporation
for sale or for consolidation
service F, S, Smithers- & Co,
scrip
this
/transaction.
•
Mr.
Watson
states
: that
while,
additional/fractions. For
cents for 'each :
with
will
'
j
charge, 75
-
scrip
,
certificates
issued
by r, the
corporation in past years in connection with stock dividends may
■riot be consolidated with scrip certificates: resulting from the present *
split-up, they may be consolidated separately into full shares
capital stock.
F. S/ Smithers & Co. also will buy or sell such
scrip certificates on the basis of 50 »-er»ts for each transection •
involving purchase or sale of 1".<5S than 50/inct.hs/share a.nd $1 for
each transaction where 50/100th8 up to 99/100ths share is involved,/
stock
of
old
at $9,031,800 after expenses, it is
in part payment for the assets and
property
.
the listing of $13,series A, due Oct. 1, 1975
stock (paf $5).—
common
major program of modernization and expansion of manufacturing
at
Montreal
East
was
announced on
JanZ 25 by this
the
/'■//
■/.;;•:"•/ /;/
principal business activities of the company will be the
38.080.032'
railway—"L„
of Securities—
Exchange has authorized
•
,
*
Of
railway—/i.,
oper,
brought
civilian
1,372,103
-
From Jan. 1—
Gross
a
as
Under
$3,151,721.
783,749•
'' 368,435
•.
.
$2,741,688
Stock
Standard Oil Co.
(New Jersey). The
involve expenditures of several million
is subject to engineering designs and
estimates which are being developed.
The official announcement further went on to say: By incorporating
wartime developments in oil refining the new program will provide
Canada with one of the most modern petroleum refineries in the
world. It will Increase capacities/and will produce Improved fuels And
lubricants to meet the requirements of automobiles and aircraft of
at its office In Chicago, 111.,
receive bids for the sale to it
.
in a • decade
'
Net
President, told stockholders that:
Heller,
cation xand sale of boats, inciudirig pleasure :>craft v and/commercial;
floating equipment.
It will also manufacture automobile camp trailers.
In addition, it will also produce certain other minor parts.
The price to the public is $11 per share; or a gross of $9,900,000.
Underwriting discounts or commissions are placed at 90 cents a share,
leaving net proceeds to the company of $10,10 a share or a total of
$9,090,000.
Company was incorporated oh Jan, 9; 1946. ' Andrew J, Higgins,
acting on behalf of himself and associates, was active in the organ¬
ization of the company.
The statement points out the company is
not to be confused with Higgins Industries, Inc., now
in statutory <
liquidation.
It is intended Higgins, Inc.,-shall acquire from Higgins
Industries Inc. a portion of its business, plant and property for ap¬
proximately $4,238,000 in cash and 300,000 shares of common stock,
; including the; shares subscribed for by the incorporators,
and 100,000
warrant shares entitling the holders to purchasee: 100,000 shares ofcommon stock
(the shares of common stock and the warrants being
taken
at
an
aggregate valuation of $3,040,000).
The underwriters
are also purchasing from the company at
io cents per warrant share,
warrants entitling holders to purchase 100,000 shares of common stock.
The
capitalization of the company is as follows: Common stock,
($1 par), 2,000,000 shares authorized, of which 1,200,000 will be out¬
standing and 200,000 warrants to purchase common stock all of which
;
39,445,076
Gulf Mobile & Ohio RR.—Earnings-
Net
E.
for 900,000 shares of common stock; par $1, to be offered
and 300,000 shares issued in connection with acquisition of
will
}
;
railway——
$1.62
Higgins, Inc.—Registers with SEC—
reaching, on Dec, 31, a total of more than $624,000,in force, backed by better than $208,000,000 of assets.
December—
$1.44
$1.38
$1.36
Approval of two-thirds in interest of the voting common stock
required for the split-up of the stock—V.162, p. 2642.
'/-'.://'
// .v'V: / X-:- '•":/ }<
;/y.iS-'': X/-' X-X;-/':';'
•;/- * A premium income of some $19,000,000 was built up during the
year," Mr.. McljiUn said.
•
•
On Dec. 31, payments to Guardian policyholders and beneficiaries
in 86 years had < reach a total of $369,068,197.
In 1945, the company
paid
almost $5 noo.ono
to
beneticlaries,
plus- $4,800,000 to living
policy holders.—V. 163, p. 311.
"
/
Gross .from
York
New
One
proposal / would change- the authorized common stock from
shares to 3,525,000 shares of no par value.
The 1,355,668
shares now issued; would. be Increased to 2,711,336 issued
The
public utility and .industrial securities, but that is just a begin¬
toward what will have to be done in the years ahead."
000 of insurance
.252,172
252,172
1,600,000
releasing the company's annual report to its policyholders, James
During 1945 the 86'-year-old company topped- all records
1942
$518,888
common
McLain, President said: "The Guardian closed 1945 with $54,000,000
in real estate mortwes an... an additional $34,500,000 in rail¬
road,
.
the future.
1943
-
announced, on Jan 30.
imes.ed
ning
■
The stockholders
to approve
.
In
1; 1946
Bank of
.
•-'•
Guardian Life Insurance Co. of America—1945 Results
A.
trust bonds
will until noon of
of 5 Vz 7o cumulative
stock to an amount sufficient to exhaust the sum of $12,204,
not to exceed $104 per share and accrued dividends.
Pay¬
accepted shares will be made not later than March 25,
company
22,
preferred
/ Z/:
$14,420,339
6,247,058
3,614,710
'
declared
convertible
record Feb, 7* Of
corporation,
an
affiliate, of
improvements ultimately will
provision for Federal taxes.
-//.•-
•
March
■/•;><:'
71.
a dividend of $1 per share
preferred stock, par $50, payable
this distribution, 62Mi cents:
dividend /And 37 xfa cents is on account of
28
Jan.
Tenders Sought—
1942
1943
Ga.—Calls
$472,585
•' 1944 • ■
$483,125
254,172 /
255,972
;
Walter
factored accounts.
200,124,504 207,657,795 200 573,426 165,206,031
40,610,072
75.062,335
77,801,559
71,887,555
._
railway-—,
from
s
o
Net
Net
$498,833
The company on
4.939,366
4,232,345
"736,649
oper.
ry.
///•■//'/ / ■■/■;.
.
,
Imperial Oil Ltd.—Expansion Planned—
A
.
holders of
to
$15,956,336 $19,418,408
•e, 110,736
_
income...
From Jan.,,1—
Net
■
1944
1945
-
-
.
15
follows: Feb. 24,
and Nov. 23, 50
company's balance sheet as of Dec. 31' showed total assets of,
$22,462,372, of which $3,944,853 was in cash, $2,043,562 in Govern¬
ment securities and $16,343,351 was in notes, accounts receivable and
year-end dividend of $2 per
payable Feb.
was also declared,
31.—V. 161. p.- 567.
Dividend^-
/ The
stock, no par value, payable Feb. 15 to holders
Together with the three regular payments of $1
June 1; Sept. l and Dec. 1. 1945, this will make a total
//*■'./Z///- / /■■ •>;; /
//
Great Northern Ry —Earnings—
Ores c
.' -'
1945
■;
facilities ^or handling industrial installment
*:
31.
$100,
The
production, while well underway, has not as yet approached
capacity due to labor troubles and shortages of materials,".
;v- Mr.
Heller also stated that' it is probable that a greater ^use' of
per
e.k, par
record Jan.
on
to holders of
000,000 first mortgage 30-year 4%
bonds
due July 1. 1970, and 500,000 shares of
V. 163, p. 72.
gocds
including
it
1
Illinois Terminal RR.—Listing
-
Orleans, La.—V. 120, p. 2593.
all charges and
Co.—To Pay $2 Year-End
a
the
on
.
which on Dec. 1, last, amounted to $3.48Va' per share.
during 1945 were as follows: March 1, June 1 and
I, $1 each; and Dec. 1, $2,—V. 163, p, 193.
Sept.
/dividend of 25 cents per
payable Feb. 25 to holders
proved to be the year in -which reconversion started and
with it problems that have been generally: well (net.: However,
share for the current fiscal yeas, as against $4.75 per share
the year-end dividend of. $1.75 on Feb, 19, 1945} for/ the > ;
preceding fiscal;1 year,
r
; • The usual
quarterly dividend of $1.75 per share on the 7% .preferred >/■
of $5
•
Jan.
stocks
the
'
Payments
*'
^
_
"1945
the common
on
record
In
,
arrearages
a
Hercules Powder Co., Inc.—Plans
directors
•The
of
^
^
/ - ./'•-;/
/''/ *
Congregation, Atlanta,
share—_—
Dividend—
share
<■
had continued despite:
International assets under the Fourand seizure of its assets and property
p. 464.
the-current -quarterly
Is
•
'
_1_
1946.—V, *162,
/
- -,
outstanding issue of first lien and collateral
profit
•After
!After Federal income1
riot include the results of the Robinson
'
Great Atlantic & Pacific Tea
trading
to
concern's
cumulative
5%
March
7,083
1949 was recently called for redemption on Jan.
interest. Payment is being made at the National
Earned
*'
'
.
cents;
outstanding
stock outstanding.:
•
declared
-
directors
the
on
(Walter E.) Heller & Co.—Earnings-
rate for
share on
$6,242,880
888,329
—
'
2271.
Calendar Years—
1944
$7,414,140
793,483
1218,352
:
..
•'
'
Payments
50
p.
Commerce* New
1946.
ENDED DEC. 31
1945'
/
taxes
after Federal
income
15.
25,
Com. shares
taxes.*.—•_>———*486,574
sales~i——
Gross
•:Net income before
1,
102 and
at
1945.
THREE MONTHS
.//,.//, /;//;-■ /,/
FOR
-• /;-
halt
Illinois Power Co.—37 lk -Cent Accumulated Dividend
dollars
entire
The
•
due Jan.
.
also? be asked to
x// •// /%://
'
a
t
the
of
placing
The
Bonds—^
authorize change of the name
corporation to Grayson-Robinson Stores, Inc., in order to
the acquisition of all of, the stock of the Robinson's Women's
reflect
Feb.
Hebrew Benevolent
1946,
Apparel, Inc., on Dec. 21,
.
'
brought
directive
Persistent German gambling in Farben stocks
.
626,278
^
•'
.
freezing Farben stocks ort the Munich and
at/a value of 112%
of par, to which,
of
exchanges
facilities
cumulative
/// The stockholders will
'
effect
stock
$2,870,311
stock,. par $5,
in 1945 were as
Aug. 25, 25 cents:
common
162,
special meeting of stockholders has been called for Feb. 8,
purpose of authorizing the creation and-sale of 50,000 shares
convertible preferred stock.
The stock will have a
stated value of $50 a. share and will be convertible Into; common
stock.
The dividend rite, conversion rights and redemption price, are;
to be fixed by the board of directors.
•-
the
on
22
Jan.
on
May
the
of
directors
cents.—V.
„
A
for
"
' ;•':'_' "
.
:
the
Power; Council's
control
within Germany.—V. 163,
19,274
-r
641,131
;i
.
/.','
•
cents;
Company's Name-
Stock and Change in
Quarterly Figures—
!
.
record
(of California)—Proposes
Grayson Shops, Inc.
(The)
* 526
54,273
473
657,609
the
the
260,911
28,018:
18,248
474
49,258
.
465;
631,803
$2,938,894
—---
-
—
p. 3192.
25
163, p. 71.
New Preferred
—r
■■
extensfons_l»-l-_—7,083
for
of
769,514
2,142,651
853,413
467,089
—.
reserve-^.
"
xshare
1,525,196
taxes
than
-
Hawaiian Pineapple Co., Ltd.—25^Cent
$6,938,995
515,544
—-—
Analysis of accru. tax liability U. S. Gov.
Analysis of accrued tax liability, other
U. S. Government taxes.
Other unadjusted credits.-
*
I—
The
•
noinin
2,294,710
319,910
liabilities—.
current
Other
'260,911
36,629
18,875
"
•
.i.-—
surplus
—'V. 162,
yy/./or
1,368,957
522,170
1. - G.-
of
Previously, under the impetus of"German.speculation that American
dissolution of the sprawling combine would be only temporary, the
stock had soared in three months; from 78 % of par to 142 %,
»
* --
$1,228,500
.
Total
,157,822
•Accrued tax liability—
an
Munich .exchange.
$2,870,311 X
—
•liabilities_,—-_——_^-—2-i-:—
Contributions
1,4:44,54b
"V"
990,429
says!
Germany*
wreck
10 days ago when German brokers learned the drastic action
on
Jan.
30 was coming. At that time,
apparent anticipation
taken
of
2,623
Operating reserves
—
;
^
22,064
Unadjusted credits---^--—821
1,552,677
1.660,354
525,172
Frankfurt;
that the
from
speculators
empire is permanent, the American Military
end. to all stock exchange ' dealings in the"
they fell
$1,228,50()
—
had
•It
Frankfurt
1,556
53,305
v
4,415
R77
1,108,065
^Unmatured rents accrued--—
.
70,759.
1,206
48,864 •
stock—.—;
-
deposits.
Retirement
-
—
.
1944
:
par)——-.—
accrued-^-
Interest
$6,807,875
—
dispatch
German
ordered
Government
$2,493,499
' 175,000
81,492
accrued———
Taxes
a<,oou
Items—
Traffic arid car-service balances (Cr)__
Audited accounts and wages payable
Miscellaneous accounts payable——————
Interest matured unpaid—
—
Unmatured interest accrued—
—
—
Press'
-
convince
to
and bonds.
; >
Which' prescribed fines: of^100,000 reichsmairks/fglO,000):
imprisonment or both for violations, was issued to stop
almost fabulous trading In the shares of the concern* which American
authorities have described as "a name only."
1945
$2,511,479
220,000
equipment-——
payable
Miscellaneous
^02,399
Liability
Selected
Iij- Company's Securities After
$83,323 / //•The order;
61,425
or five years
DEC. 31
"
tax savings notes
capital
on
Consumers'
MWj*g
5z,iai
(I. G, Dyes)
Aktiengeselschaft
Trading
Farbenindustrie's chemical
$2,938,894
Accounts
•
r—-
Associated
An
Acting
—^—1.————^—^*—/-'71,42973,566%
Premium
2,57i,oo<
3,330,5323,034,158
.
o30,000
30,ooo
1.257,206.7,500
—
SHEET,
„
and- general
-
and
Capital; stock ($25
^705,025
accounts receivablesupplies.———--—
interest and dividends receivable——
Bents receivable——
—
Other current assets
Miscellaneous
MaterialsJ and
Bans
'. .v,-
'
Farbenindustrie
Wild Speculation—
•
• *
-
88,784
668,476'
and conduc.
567
$86,105
71,253
Irving
162, p. 570.
—AMG
$83,842*
519
LIABILITIES—
■ • •
1.772
539 390
,.1
from agents
'•
•
-
Total
-
143,479
.
45
$5,797
series A and series B,
the
at
G.
I.
$118,842
35,000
$86,672
made
be
for redemption on April 1, 1946, at 105'
first and- refunding mortgage convertible
due Jan. 1, 1949. Payment will
Trust Co., trustee, One Wall St., New York,
of
$54,000
gold bonds,
N. Y.-t-V.
8,342
,
$121,67235,000
-
Accounts, wjceivable-v-.——~r—t—
-•>•—'Triterestx arid dividends receivable-).-^—•
Materials and supplies—"
Prepayments
—
$607, w*
. ■
SoSalleuosTtS^--l-I--"~"-"-I"-""
Net balance
$8,759
2,916
—
I945
Items—
un.djustad.debiU
investment
;.Cash
.
ITEMS NOV. 30
BALANCE SHEET
Expenditures (gross)- for additions and better_
ments (road) -—$1,239,107
Wh«
.
BALANCE
COMPARATIVE
; .
SS"
Selected Asset
.
declared
Dividends
^ .55,31 ,
i4o!o85
-
"Monday; February 4; 1946
i
huge trust's stocks
U. S. Treasury
:
j
:
corporation has called
Interest,
6f/o
$110,499;
9,281
,
$5,842
$3,778
ASSETS—
SELECTED
,
$3,825
46
income--.—
Gross
y
W85|74...
$4,975,458
J,131
403,551
;
393,701
charges——
fixed
Total
;
$6,741;;
2,916
-
—
Net income—
Miscell.
74
•
,
$^12,391
$8,146
612
$6,667
.
income (net)
Balance
,
SHE!ET' ^^^^^^944
1945—MoAth~1944
93i 845 •
$262,296 , $598,200 $4.286,6
; $ ,
5'12g :•;./
60,079
44,086 1 588,856
555,129 -
The
and
ANT) BALANCE
SELECTED. INCOME
Period End. Nov. 30—
'
1
-
Non-oper.
I'
5,383,576
oper.
oper.
?5'|«q'iqo 3s'652 724
10,508,190 8,652,724
6,712,0 3
,
»
35,522,616
8,072,075
inccme.—
railway-,—
from
Gross
Net
•
,
1945—Month—1944
1945-^-12 Mos.—19^4 V
$66,465-', ;;• $60,461
$709,265 , $671,025
/, .49,655
' 43,480 ' ; 445,773 "
'418,341 •
3,665
2,249
33,815
29,356
6,477
6,584
117,285
112,827
Dec. 31—
Taxes-.------—--
x
Z'
Hygrade,Food Products Corp.—-Partial Redemption— /
/
i
j Haverhill Gas Light Co.—Earnings-^-
'
'ttjj&O w|j$\
$2,^616
:
v
/.
fjMrfcvl ft
Official Promoted—
corporationon Jan. 28 announced/ the
Birkenstock to
the position of General
The
promotion of James l
Sales Manager, with
headquarters in New York.
He was previously a special 6ales exec-''
utive at the World Headquarters in this city.—V, 163, p. 465:
.% • / /
W.
not
/
Hampton Co.—To Redeem 7% Prefererd Stock—
It
will
is
be
stated
that
redeemed
the
on
ent're
March
issue
of
1,1946
.
7%
at
preferred stock
dividends.—V. 162,
cumulative
100
and
t
International Furniture Co.—Calls 5%
Debentures—
,
$982,50d outstanding 12-year-5convertible sinking fund,
debentures due Aug. 1, 1957, have besin called for redemption on March
AH of the
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
163;; Number 4461
;
Payment .will be. made at the. American
trustee, 33 No. La Salle St., Chicago, 111.
debenture may convert the same into common
stock on or before Feb. 18. 1946, at the rale'of 95 shares of common
Stock for each $1,000 principal amount of debentures. :
Holders may also receive immediate payment of the full redemption
price, plus accrued interest to March 1, 1946, upon presentation and
surrender of the debentures.—V. 162, p. 2643.' /
f
;
/ v"; :
1
fit 103 and
1946
The
Interest.
holder, of
Period End. Dec. 31—
any
Railway
International Paper Co.—Calls
$9,350,500 Bonds—
will redeem
company
of
amount
its
;
funds).—V.
on
refunding mortgage
March
due
A
1,
163,
Net
Net
from
rev.
ry.
238,321 .:■«*< 171.935
oper.
1
¥
income
accumulations
of
a
.
on
-
15 to holders of record -Feb. 5.
Before .giving effect
payment, arrearages as at Feb. 15,
1946 would amount
to $39.75 -per share. •
J
*
'A
A .distribution mt'i $1.25
per share
was made on. the
preferred y
this
stock
fan
the
162',
Jssue
2644.
p.
;
,
u
178.119
2.010,455
D.r565,022
56,450,046
V
underwriters
Making Equipment for FM Broadcasting—
Stock
the Federal Telephone As
of
The- entrance
domestic
Radio Corp.,
.
•was
nished
the
engineering and sales, who disclosed that Federal is building
transmitting equipment for 170 installations. Deliveries.
will be.made starting the end-of.March, 1946;
/
>
/
For
the
past several months Federal Telephone engineers have:
been
working oh the development of
a new
and vastly improved
'type of modulator-oscillator unit for application to its complete line
of FM broadcast transmitters. It has now been perfected and brought
"FM
such
problem.
the
broadcast
will
approval- ot final construction permits from; the-Federal Communica.-
;370,000
.4,
,
-
,
,
*-
,
'
'
>
Describing .FM /as one of the "most important post-war projects
the company's -radio sales division";' Mr; Wendell expressed. the
Telephone and Radio will play an important
part in the FM industry. At present there are 750 applications on
file with the FCC for permiss'on to operate FM broadcast stations,
jhty said. Mr/ Wendell..added that Federal Telephone has available
FTR-made component parts, including specially designed tubes, and
'has;- set tip
an
efficient
nation-wide sales : organization/ in
the
shares
effect; to
1946,.
.Common. stock
•
the
to
Carl
antenna.
/
-
modulator
-
developed
FM
.will
stations
deliver,
is
share held
by the FCC, Federal Telephone
others,
a
ten-kilowatt
station
to
York Post" which is presently constructing a building
"New Jersey, for the new transmitter.-~y.
163, p, 312.
and
the
the
Co.
shares
to: be
sold
15.449ft
Sachs
&
Ripley
Lynch,
Fenner
Cohu
4.237
3.912
Co..
by
&
•
•
• purchase
yr. Clark & Co.^<
Cooley & Co. >—
&
Co,
&
Co._^_
2,282
Westheimer
Meeds__
2.282
Arnhold
2,282
2.282
&
S.
Interstate Home Equipment Co., Inc-—Delistimz
Securities
The
and
Exchange
Commission
has
that
their
on
respective
company.
i
common
liquidation
of
warrant
a
the
the
proposed delisting the applications state that the
has
company
continuation
of
Iowa Public Service
progressed
the stock
on
to
point
a
the
list.—V.
which
does
162, p. 2818.
of
Co.—Earnings—
1945
Operating revenue'
.!.—
$6,910,528
359,033
317,513
/Provision lor depreciation^______!_-:__^!^u_i^
658,201
Taxes—other than Federal Income-,674,799
;
Federal income and excessive profits taxes—., ;
930,537
709,669
—
Maintenance
.
11
.
*
Net operating from operations.
Other; Income (net)!———*-.———'.
792,195
J
Net
<•
income
Dividends
•
(
"
L.
/■
of
in
1.303
-
•
stocks—334,902
$685,004
334,902
$298,375
/<■
/
'/
,
h
\
,
com.
/i
..
VS
v
stk;
-
$0.72
.
,
.wash'ng
/machines.—V.
163,
'
this
machine
plant/
and
;
C.
Jamaica Public Service Ltd;
°eriod End. Oct. 31—
/Operation
;'
/Maintenance
—V—!—
'
trtilltv
• Other
income—
Income
Preference
'-Common
dividends
v
•
$402,423
Drl,495
,
/
$29,424
8,535
700
persons,
of
»
issued
and
8,525
103,552
$265,209
terminations
paid—J.P.3.
Ltd——
«,•,//'■
'
i
j
.
,
>
■'
'
91^800
—r
108 223
91,800
•.■■'/■M-:
•
-"$85.410;'*'•
,
J
£65' 185-
$339,592
par
-
25^433
■
/
377 036
\
37 448
-
159,638
3,156,'800
9,267,443
—
147 518
3.156,800
8;769,403
$13,254,122 $12,827,800
"—
:/¥■
//
.vr
v,
:■
;
:
■■■
■
-
by
this
corporation
Dove-Hermiston
Corp:,
of
the
entire
Westfield, N. J.; is
Forker, Vice-President
of
the
Westfield
leading designer
byproducts
from
a
stock
common
of
by J. N.
announced
of Koppers
company.
and
builder
of
coke
ovens
coal,
for
the
R.
♦
J.
ftamsburg and H, B. Kirkpatrick, Vice-Presidents of thb '
Co.,/Inc., have retired after more than 30 years of service,
.announced
Jan.
on
26
by. J,
Pv Williams,
-
-
President.^-V.;
-
<B.) Kuppenheimer & Co., Inc.—Earnings—
and
etc.,
.
Oct. 29/45
less
miscell.
reditc.
and
a
Dividends
General
reduced
development
commercial
program,
helicopter
for
contract
.
Earnings
prior
.
holds
a
contract
with
employment
Kellett
•
transport."—V.
cargo
ACCOUNT,
YEARS
ENDED
OCT.
&
163,
--
498,500
—
Interest
excess
on
Cr39,000
'
.
343;
28,171
$1,605,742
$1,140,533
at
charges
for
—
Federal
"
82,131
264.000
cost
(alter
*837,000
to
;
101
1,
March
for
515,888
and
1942,
post-war
credit
on
'
of
$9,500).
taxes.
includes
also
■/-/./
property, plant and equipment
in 1943, $21,125 in 1944, and
•
.
"
'
•
3, 1945
.
.
,
"
,
reserves
for
for
reserves
paid
:
outstanding first mortgage 4ft bonds due Sept.
1949,
1,
1950,
1, 1946
first
and
mortgage 3'/aft bonds due March 1, 1947
been called for redemption on March 1, 1946
Payment will be made at tthe Banque Canadienne
have
and interest.
or
Quebec, Canada.
:'
'/'
.
'// ■/" /
all of the unexchanged shares of 6ft cumulative
to redeemed on April jl, 1946, At $52.56 per:
162, p. 3075.
'
it is announced that
stock
are
.
share and dividends.—V,
395,452
:
Surplus
Earnings.per
—
—
share "'
/. /"After post-war refund of
$219,780 /; $170,0271
$1.85
$1,73
$169,187
$1.43
$60,600 in 1944 and $28,000 in 1943.
Milwaukee—Earnings—
Le/ Roi
12 Weeks Ended Dec, 22—
.;-
Net
sales
Net
!
'
.CONSOLIDATED
$1,749,216; U.
well compensatory
ASSETS-^Cash.
'RFC,
stripper
BALANCE
SHEET
AS
OF
OCT.
31,
1945
profit
^4,—
—
Taxes
/TTeaWi^- Certificates/ ;r$525.o60// ././ President
adjustments, $245,575;
post-war re-
terim
Charles W.
period
(fiscal
¥
,
;
1945
!
—
'
,
v
■''/■■/,.
'
Dividends
/
tin-
1943.
profits
>
$20,578
'
■
$3.30
tAfter miscellarte-.
$5,612 in
Langendorf United Bakeries, Inc.—Calls Stock-
$564,639
516,688
(after
depreciation
in
Nationale, in Montreal
*602,000
$685,915
$86,500
1944
Bonds-^..//:::■//
entire
'/to Sept.
-preferred
■
of
costs-of sales,
in
$8,713
67,74? Z
72,000
V La Communaute des Soeurs des Saints Noms de Jesus
et de Marie—Calls
3,616
$736,468
:
4-
tax
157.—V. 161. p. 208.
and
profits taxes-—
1945.
70,278
5,535 7/'./",, 5,452 '
—
income
77,376
$3.21
$216,827
'
depreciation of $576,951), $361,651; trade¬
goodwill, $1; total, $2,808,157,
!.:'■/
LIABILITIES-^-Accounts payable, ($132,372; accrued salaries and ex¬
penses, etc.,: $239,266; Federal taxes on income, $72,558; common
stock
($5 pari; $360,COO; paid-in
suiplps/$1,142,246; earned surplus, $972,820; cost of treasury stock (8,609
shares), Dr$lil,i05; total, $2,808,-
at
v/
$2.84
•
/
22,992
—
72,000
•'
•
$282,001;
(after
expenditures
insurance,
135,665
$1,117,541
$209,833
65,447
64.916
96,620
marks and
506,030
134,709
64,926
$2.66
•
U. S. Treasury tax notes, fete,, $421,585;
of $72,213), $389,721;
inventories, $1,251,spring 1946. business, $28,725; supplies, prepaid
commissions, etc.,. $73,129;-property, plant and equipment,
receivables
-
$1,577,571
.$184,328
63,391
'
,
ASSETS-—Cash,
8,908,870
509,165
$168,927
BALANCE SHEET,, NOV.
../'
sales
-
$1,621 for prior years and $155,000 for excess
adjustment applicable to prior years of
$3,762,
excess profits tax.
•
■
'
"After
NOTE--Provision
2273.
p.
136,163
income
discount
6,485
11255,621
.
in
amounted to $20,576
$22,968 in 1945.
in.
$1,054,794
'
/;/
33,341
-
.
244
**256,328
;
_
68,000
1i In eludes
*
has
$1,088,135
income
/914,871
2,417
t193,500
,
$143,000 ior
Engine
31
8,945.805
;
t849,56I
deducting all discounts and;
income of $9,061
eludes excess profits
1945
'
1944 4
^ 1943 *
$10,785,735 $11,167,250 $10,668,106
9,096,279
11,029,171
share—_
to
wck
Aircraft
per
•After
Manager
manufactu.ring
Falrchlld
$1,393,803
tD24,699
.
years
ous
In'.addition: ;to/ an
pointing
toward
the
production.
•
Oct. 31/42
$1,315,966
inc.
paid
stk. (par $5 )
Shrs. cap.
period of rapid expansion,
which
Oct. 31/43
$1,409,415
gen; exps.,
Interest. expense !!!__^
Federal income taxes,Tax
Oct. 28/44
$1,122,626:
profit
Admin,
lowest/in: 'six .years.
the
!-■;/' / ::•(!' I
Total
/
123,590
'
,
106,332
$300,800
• <
8 047
27 321
,
$13,254,122 $12,827,800
& contingencies
757.632 shs.)
Years Ended-A-
:
$351542
¥_
rebuilding
(no
2394
•Gross,
;-7'/
faces
Othef^income
U/
;
'
345,601-
President
The
Cash
1 459 080
6,136illl
..
;. • '
..
ZSZZl.
Linden- Stuart,
was
the
outstanding
^
-
,
President
'
•
and. revenues
Net profit;
$404,353
</:uK-",*.I•• '/:£1»
;
also
Net operating
£>rll!938
$20,898
requirements.—_!!!_—!
$25,516
«/ '/Balance- :
V..162, pv2394.
been
nas
Depletlpn v———-—'—--
$383,480
1,930
to
Kendall Refining Co J (& Subs.)—Annual Report—-
141.338
.100,000
100,000,
$30,920
2.135
;
A r
■/
dividend
.
,
■
contract
Kellett
Provision
$34,051
deductions-——
income—
y-'i'"--)"':>
.
.140.089
P. 133
•
$31,916
(i.et)
income———
Gross
Net
oner,
income
6,231
8,333
amendment
an
authorized,
,
also
war
Depreciation
Subs.)—rEarnings—
301,686
-
1,134,914
;
162, p.. 3193,
for
corporation
Cost, operating and general exps.__
,
'rr-'"——T"
Re^irem t res. accrualsV
(&
bottle-vending
1945—Month—1944 : ; 1945—12 Mos—1944
$129,714
;v$123,451/$1,593,382 $1,522,451
.64,503 .'v
59,683 / / 744,498
722,770
21.203
18,283
2061371
174i86J
•Operatina 'revenues—;
He
helicopter
Net sales
.
/
v
it
370,-
Aircraft
INCOME
completely automatic
Coca-Cola
listed
applied
refrigeratibnyi electrical equipment,/ sheet ;metal assembly and related
;
2,944 239
300,333
.
issued
Koppers
the
presently
substantial i orders
obtained
rlines.
.2,395
i,03o!$63
;
and
Wailes
Dovemanufacturer and
contractor, of b.numinous
protection of iron and steel against corrosion. The
latter company will continue
to operate
as
a
separate organization
with
the same management that has
been
in
charge of its affairs
for many years, the statement
said.
1.303
*fid
945
'
710,140
___!_
jo nt statement
coatings
to retire the 114,121
corporation's treasury and to
corporation by the amount thereof to
465,
states:
.enlarged
<
224,700/.
(net).
Co., Inc., is
manufacturer
of
Hermiston Corp.; is a
1.303
amount
•
1944 :
$918,059
1945
etc.;
Koppers
1.303
issued
by
;
$1,863,159 !
Two Vice-Presidents Retire—
total
authorized
the
in
.
its
465.
p.
1946,
of
held
Co.^ for tail, pylons for the C-82
Q] Jacobs,'. President.: on Jan. 26, announced that
giouhd. has
broken1 for an enVrgenient of the
company's major appliance
plant in IndiananoPs, Ind.
The company manufactures at
each
p.
plant.
.
Rex
b°en
162,
Bellanca
following
,'less than
A
'A
15,
stock
"Kellett's production organization
$0.84
,.Y ¥' M
■
/
..
tax
31
/■
and.
F.
further
$350,101
.—
/VLaunderail"
:>
5
the
.•
-'S;
i
re¬
income
___________; : .$209,207
furnace
stock
Wanes
a
/; and
1.303 ;
Corp., and continues as a member of the board
of directors Of the, latter company. An announcement by the company
(F. L.) Jacobs Co.—Enlarging Major Plant—
;
•
of
622,769
$633,273
for
share
Columbus
$1,307,774
679,239
.'
Jan,
incorporation
announcement
Salance
'
$1,312,518
,
L
—
accrued on/preferred
.Earnines.per share on 412,000 shares
/—V. 162, p. 2272.
'
•
$1,264,784
42,989
/
>
Net earn in"?
Total interest charges and other deductions—„
—
.
1
.
presently
'
,.
of
.
~acqulsit:on
Vanderlipp, aircraft manufacturing executive, has joined this
corporation as Works Manager responsible to President W. Wallace
Kellett, in charge of all production activities.
>
Mr. Vanderlipp has been a member of the Curtlss-Wright organ¬
ization
for 21* years, • as Executive Engineer. General Manager of
the Buffalo
(N. Y.)
airplane plants and Factory Manager. of the
602.698
$1,269,293
; 43,224
the
making
1945.
reduction
Tax
Increased
Koppers Company, Inc.—Acquisition—
/
Kelleti Aircraft Corp.—New Official, Etc.—r
N.
■
r
of
stock
rolls,
Net .profit;for year--,
$6,492,009
2,805,148
—
one
1944
3,018,664
Operation
on
of
common
share.—V.
12 Mos. Ended Nov. 30—
holders
common
for
'
decrease the
capital of the
$1,850,000 and to increase the corporation's authorized capital stock
(par $5) from 500,000 shares to 1,000,000 shares.
The corporation intends to issue 370,000 shares to the holders of
the presently issued-and outstanding 370,000 shares, being at the rate
'
for
of
shares
the
to
of
Stockholders
listing and registration
stock, ($l par), of the
■
As reason
not
Exchanges the
issue
$1.04
nrop't
shares
certificate
the Chicago Board of Tx'ade to strike from
and
of
740,000
the
net
been
profits tax
advances
^payable
—V0t162 "p
2.282
shares
000
a
The
1945,. has
Surplus and undivided profits
;
New York Stock Exchange has authorized the listing of 370,000
shares of common capital stock
(par
$5) upon official
notice
Hear'g
announced
31,
1945.
new
-
Listing of Additional Capital Stock—
hearing would be held Feb. 5, 1946, at the Commission's
Philadelphia office, upon applications of the New York Curb Exchange
Ocfc.v
—
Reserve
$787,454
/,
3,247,056
liabilities
Federal taxes payable
———L.1.303
—
in
-
.
$1.09
reserve)
',
Accounts
Blelch-
roeder, Inc.
Janney & Co.
;
Sons-
—■
$822,468
,
$0.64
/
1,547,501
T
t
LIABILITIES—
1.303
Lyons & Co.—
Lee
Higginson
Corp.—
Piper, Jaffray & Hopwood
consolidated
/':■'
"
$481,003
reflects
30,
827,014
'
.
banks
excess
•
1.303.
Peet
O.
&
m
178,342
$2,234,955
v
figured according to the
Total
;
additional
.
in
of
and
1.630
a..
H.
Edwards
Laird,
The
Sept.
48,360
$1,649/482
870,152
.
Dec.
which
' //';
^
and
refund
Common
1.630
E.
W..L.
wood
ended
.
hand
on
2,156,613
.
by Congress
$124,903
/
1945—6 Mos.—1944
166.495
been
ended
'
BALANCE SHEET DEC.
war
(1.303
2.282
&
of
dies,
1.630
Co.
were
$10,662,440
$0.71
•
have
quarter
Inventor.es,
1.630
&
2.282
Co.__
;
funds
Property, plant and equipment (net)
^..v
5,739,100
Patents, trademarks, tradenames, etc.
/
7 064
Prepaid insurance, taxes,
adv.-qxp.-, etc//26,710
1.630
Roney
A.
&
the
Investments
:
/
set
Bradford &
G.
;
"
1,601,123
$537,330
/.;
taxes
"'
the
3.912
Dillon
•
31,
stockholder
Co.
J. C,
.
'
$9,359,175
'"■■■
.
•
•
additional
Inventories
740,000 shs.
k
C.
four
$1,351,155/
*275.332
passed
quarter
Accrued
Wm.
3.912
corporate
1,184 660
*""""
receivable'—*!!!—
Accounts receivable (less
one
;
for
Notes
Outstanding/
to
was
for
the
Post
.
&
changed
of
$5,452,793
$812,663
tax.
income
amount
Cash
giving
1.630
Reynolds
been
change
„
1945—3 Mos;—1944
$4,879,437
776,809
"
ASSETS—
of
Jan.
on,
inc.
^
/'
'
selling
-.
Johnston/Lemon & Co._
fiOTE—Formechanicalreasonsit isnotalways
to arrange companies in exact alphabetical
order*
However, they;.are always era: near alphabetical
position as possible.
be,
statements
35.853
Fed.
which
for
the
of
After
Co.
Prcscott
Pierce,
.
15.
bas's
2.282
Bissell
for
*Federal
the
additional
an
the
Beane.
Eastman,
possible
of
date.
agreed
each
no
1
income
ported
'
-
is
;-
*
'
has
company
& Wire Co.—Earnings— /;:,;////••¥"* /•
operations-
"l"'
tw
Law
1.630
Co.,
&
Jan.
.Authorized
has
•
this
SEC
Net profit 1,
—'
Earnings per share.—
in
stockholders
registration
V
2.282ft
■"
3.912
Hallgarten ft Co._.
Lee,
On
Torrey________
&
from
Prov.
that
increase
Bear, Stearns & Co
Chaplin & Co. _____^
Farwell, Chapman & Co.
Laurence
M.
Marks
&
r
15.449
Brothers
Merrill
29
the
Profit before Fed. tax.
.
Sutro & Co.——_a_;
....
Lehman
('New
Fort
the
the
by
expected
1,000,000 shs.
underwriter
Inc. -x—3.912
.Kidder, Peabody & Co,.u ; 3.912
s
Radio
at
Profit
;
to
the record
on
m
Federal
granted
among
1946,
31,
of
name
of
______
substantial
the
shares.
Jan.
Loeb,'.Rhoades
Harnman
Telephone maintains the
.mean
carrier frequency of
the FM broadcasting station within very
close
limits decidedly in advance of FCC standards,- which allow a
tolerance of
2,000 cycles.
When authorization for
construction
of
the
1.000,000
on
(par $5)
of
Goldman,
-
by
each
Barney A Co.—
Kuhn, Loeb & Co.-——.,.
Blyth <fc Co.,
The equipment combines the new modulatoradvanced FTR power tubes. It is designed to conform
standarls set up for FM high quality, noise-free radio
high,
for
Smith,
with
new
M..
&
•
'
The
to
issue
-.opposite the-name of such underwriter beidw,
by careful coordination of engineering and
performance . be achieved, Federal Telephone
produce a single FM broadcast system complete from
'broadcasting.
the
UNDERWRITERS—Each
percentage
Jan.
with
—
:
;
,,
,
'
Believing- that only
dcs'gn. can maximum
to
is
.
*
•
Rad'C: will
war.
the
W. Period End. Dec. 31—
Sales
-and,- has* no appreciableTeconversion /
war
that
0:i
©•^eys*'one Steel
gloves and under¬
25, : without' payment
by them,
of ;the par value of $5 each, on
share
.
viz.: Certificates series
B-l, 500,000 shares; certi¬
participation in series B-2, 150,000 shares; certificates of
participation series S-2, 500,000 shares;
certificates of participation
series S-3 500,000
shares.—V. 162, p. 2819.
and distributors of /
and/' underwear/It 'fur¬
netting,
the foregoing, changes. capitalization: will
follows:
" •
'/• "
as
.conviction that Federal
micvonhone
Jan.
.on
additional
.
announced
ficates
manufacturers
mosquito
accrued' payroll,
Keystone Custodian Funds,
Inc.—Registers With SEC
On
:..v
shares
500 000
authorized
;
and
retain
to the'registration statement, it
demand for
its peace-time
products,
from
directors
FM field.
received, by
purchased
will
'
$251,998;
Kerlyn Oil Co. above.
filed
and the introduction' of new lines of merchandise
to keep sales for some time at
generally higher level than
increased
.of
/osclllotor
been
who
taxes,
payable, trade,
$117,809; miscel¬
'
According
serve
record
*
See
/"!/
leddlng
the
parachutes,
as
-
accounts
Kerr-McGee Oil Industries, Inc.—New Name—
1973
CAPITALIZATION—By a certificate of amendment to the company's
certificate of incorporation, approved bv stockholders Jan.
15, 1946,
the 114,121 shares of common stock held in
company's treasury were
retired, and the company's authorized capital stock (par $5) was then
,
„
of
one
items
jthat which prevailed before the
"
laboratory
'
1,
productive capacity,
revo'ut'onary
;tions; Commission.
/
due Oct.
is
company.
consumer
into production. Mr. Wendell stated that this
modulator development makes possible a very low noise
reception level, surpassing the engineering requirements of the Federal
Communications Commission by a substantial margin. .Representatives
of
the
stations
contracted
for by Federal Telephone are awaiting
the
of
out
having
stockholders
present
the military in the
to
wear,
rad'o
Of
Company is
offered
accrued
Industries, Inc. There
entity Involved.—V. 158, p. 1533,
25,/ without payment, /of one
previously
/^women'si/high-grade/hosiery'/ fabric gloves
affil'ate of the International Telephone & Telegraph
field of Frequency Modulation (FM) Broadcasting
announced on Jan. 28 by E. N. Wendell. Vice-President in charge
into
from
receivable,
$5,183,795;
Kerr-McGee
Exchange has authorized the listing/ of $40/ '
being
shares
interests in the
>
manufacturing
Corp
to
Other
the
accounts
g Kcrlyn Oil Co.—Changes Name—
It
$620,414
/';. None of the proceeds from the public sale will be
company,
and
2.685,658
Ul-53.508
$7,421,883
Drl00,730
outstanding.
V
notes
laneous accounts payable and
accruals, $54,333; mortgages payable
during; 1947 to 1950, $62,571; capital stock (par
$10),
$3,974,520;
capital and earned surplus, $4,828,288; total,
$9,795,583.—V. 161, p. 568.
$9,700,728
additional share for each of the 370,000 shares
International Telephone & Telegraph Corp.—-Associate
$30,214;
bad
debts of
$16,375), $469,957; inventories
advances, etc., $177,630; fixed assets (after
depreciation
and
depletion of
$8,018,772),
for
$483,992;
-
stockholders of record Jan.
15,v.'last year,; which was, thefirst; payment made >
since May 15, 1944 wheri a like amount was paid.—vt
onNov.
taxes,
for
LIABILITIES—Mortgages payable, $22,071;
ing group headed by Carl M. Loeb, Rhoades & Co., and
Smith, Barney & Co. on Jan. 29 offered after the close of
the market,
153,400 shares ($5 par) common stock at
$25.25 a share. These shares are part of 740,000 shares to
be outstanding on Jan. 31, 1946, following the issuance to
.
profits
reserve
investments,
prepaid insurance, $58,880; other prepaid and deferred
charges. $107
247; total, $9,795,583.
*
(Julius) Kayser & Co.—Stock Offered—An underwrit¬
•:
Feb.
payable
to
26,416,265
$9,485,846
30 year 4ft bonds series A,
issued ana outstanding.—V. 163, p. 72.
.wnicn are
dividend of
$1.25 per share on
the 5ft
cumulative preferred stock,
declared
have
directors
account
^
$1.25 Preferred Dividend—.
To Pay
ikHthe
2,536,563
2,075,991
*>•
140,369
—
152.497-„
/ ; 111,112 :
177,263
Inc. avail, for fxti. chgs.
Net
$899,263
$1,292,227
first mortgage
000,000
$7,447,799
2,809,759
2,251,598
1,664,766
$8,932,750
3,330,011
23,038,459
excess
reserves
$1,152,299 $12,633,960 $17,956,764
60.000.
1,6? 5,000
6.230,000
193,036.
1,733,114
2,026,036
.C?;38,353,
income!-
rper.
The New York
1945—12 Mos.—1944
-
$«20,306
$802,536
revenues-
2,354,420'
of
(after
$1,248,069;
¥ Kansas City Southern Ry.—Listing of Bonds—
America—Earnings-—'1
1945—Month—1.944
Period End. Dec. ,31—
Railway oper.
rv..
etc.
1945—12 Mcs—1944
.
-y. 163,-p. 72.
'
■
.2,019,658
railway
.
465.
p.
International uRys. of- Central
•
exps._u..V;
from
rev.
Joint iacili .rents;(net)-
105
1955, at
Net
:/
operations
•
$210,464
Federal income
taxes__j Crl,275,000
Other ry. tax accruals.
107,114
vi; ,?■/ *"■■■/t i"'..
11■■'"■"v1
Railway oper., income
$1,378,349
Equip, rents (net Dn__
124,475
"March" 1,.4946/ .$9,450,500, principal
sinking fund 6% gold bonds, series
and interest.. Payment will be made at
the Bankers Trust Co., 16 Wall St., New York, N. Y., (In United States
funds), or at~ the Bank of Montreal,;; Montreal, Canada (in Canadian
The
oper.
-
funds
Co.—Earnings—
1945—Month—1944
revs._44/$2,230,122/ $3,506,719 $35,672,419 $44,373,029
oper.
Railway
'
•
Kansas City Southern Ry.
Bank & Trust Co..
National
653
~
$1,714,108
33,494
23,500
,
'
.
.
,
;
1944
$5,110,495
166,233
498,900
Pendock points out that earnings in this in¬
ends Sept. 30) were reduced by abnormal
year
THE COMMERCIAL & FINANCIAL CHRONICLE
654
termination of Government •
not reached the volume expected
ceneral labor unrest and the resulting irregular supply of
As to the outlook Mr. Pendock states that Le Roi's backlog
Incident
costs
femto «?
>Sn
the
to
'much
a
December—
material.
of orders
ry.
10^
from
Net
Report—
(& Subs.)—Annual
Gms^ncome^$2,1335336 $2,007*322 $1,834?889
2,085
$602,734
Total
194.110
172,500
Net
income
■;.*Net loss.
325.388
52,000
■
■
,
,
charges of tenants tatter reserve ot $1,4761. $44,070; due
aging agent, $34,640;
deposits tor payment ot real estate
on long-term
debt, $106,056; land, buildings and
1945—3 Mos.—1944
$8,767,898 '
Mfg.
&
cost
shppg,
of
A
Prov.
admin.
for
depr.
Miscellanous
Total
'
from man-
taxes and
leaseholds,
at cost (after depreciation of $6,175,8451, $11,664,688; prepaid expenses
tend deferred charges, $263,603; other assets, $12,751; total, $12,741,112.
interest
LIABILITIES—Real estate'ttaxes, $185,838; interest on long-term
debt $72,733; Federal taxes on income, $87,289; other accrued liabil¬
ities'and accounts payable,, $118,303;" deferred income; (rents received
in advance),
$5,383; long-term debt of subsidiary companies, none
of which is guaranteed by corporation,,
$7,205,055; convertible preference stock
(authorized, issued and outstanding, 24,465 shares), $1,-100,925; common stock (par value of $1 a share), $210,000; capital
surplus, $3,556,305; earned surplus, $199,281; total, $12,741,112.
provision
for
<
for
(inc.
■
$957,690'
$4,993,835
:! 99,586.
590,249
528,855
2,349,100
Crl3,652
15,897
$1,020,705
profit
948,597 shares
A.
Hummel,
■firJ.A
flgued
2,266,284
,
$512,524
533,289
.."i.M.i,,;,,
496,947
"n
.
U
$2,701,695
$2,055,256
$2.85
$2.17
share
per
on
R.
.
426,575/
$4,818,487
&
profit
Net
$4,391,912
/.
$1,057,276 ! $5,584 084
660,930
.
21,269,235
18,883,894
3,070,587
2,785,833
1,820,101 / 1,904,374
;
398,734.
>■
Net
;
■
pro.
Accts
contingencies
.
$1.03
___
$0.54
,
President, states:
..
....
..
of the forei?n subsidiary companies
included aboye
are
at the average exchange rates,
except as to the provision for
depreciation and depletion which is based on the dollar value of
fixed
assets at the time of
acquisition'
writing group.
v
ehtire 72.810 shares of hew preferred
applied by The Liquid Carbonic Corporation to the redemption
of all of the outstanding 414%
cumulative preferred stock, Series A,
and it is contemplated that the balance of proceeds will be applied
PLAN
OF RECAPITALIZATION
toward the completion of the company's long range program of ex¬
Under date of July 17, 1945 the stockholders approved a plan of'' \
pansion and rearrangement of manufacturing plants and facilities.
recapitalization under which the authorized capital stock was changed
The new preferred stock is convertible into common stock on or be¬
to 24,465 shares of prior preferred stock of no par value; 24,465 shares
fore Feb
l
1951, at the price (subject to adjustment) of $40 per share
of convertible preference stock of no par value and 332,325 shares
of common stock (taking the preferred stock at $100 per share) and
of common stock of $1 par value.
Under the plan,: the presently . ,; thereafter and on or before Feb. 1, 1956, at $44 per share of common
outstanding 24,465 shares of convertible preference-stock plus accrued
stock
Conversion rights terminate on Feb. 1, 1956.
The preferred
dividends thereon
(which amounted to $35.75 per share at July 15,
stock is redeemable at $103.50 per share on or before Feb. l, 1948, and
1945). are
exchangeable,, at the option- of the holder, for, newly
at prices decreasing to $101 per share if redeemed after Feb. 1, 1956. a
authorized prior preferred stock and common stock on the basis of
The Liould Carbonic Corporation wasJormed in 1926 to continue a
one share
of the prior preferred stock and four shares of common
y business started in 1888 for the manufacture and distribution of carbon
stock fox* eachshare of convertible preference stock.,
,
\
> dioxide in liquid form.
Since organization the company has extended
The plan was declared effective on Oct. 15, 1945, upon the filing
its activities to the manufacture and sale of carbon dioxide in solid
of a certificate of amendment of the certificate of incorporation on
form, generally known as dry ice; soda fountains, luncheonette equip¬
that date.
Subsequent thereto and up to and including Dec. 26, 1945,
ment, ice cream cabinets, flavoring extracts, oxygen, acetylene and
22,167 shares of convertible preference stopk had been exchanged for
medical gasses, welding and cutting torches and household refrigera¬
22,167 shares of prior preferred stock and 88,668 shares of common
tion and freezing equipment, and bottling machinery and equipment.
stock.' The resultant capital stock of the company at that date was
,:. For the fiscal year ended Sept. 30. 1945, the company reported net
as follows;
'
"
"
»
sales amounting to $21,613,837 and net, profit of $1,522,585, v..>
Prior preferred stock, 22,167 shares at .$45 a share——
$997,515
a The
S'/jfo cumulative preferred stock, is convertible into commoft
Convertible preference'stock, 2,298 shares at $45 a share
stock- on or before Feb. 1, 1951 at $40 per share of common stock
(dividend arrears at $36.50 per share amounted to
■
.
; (taking the 3Va% cumulative preferred stock at S100 per share), and
5
$83,877)
——/—
<'
103,410*
thereafter and on or before Feb. 1, 1956 at $44 per share of common
; Common stock, 298,668 shares of a par value of $1 a share
298,668;
stock.
Redeemable, in whole or in part, upon 30 days notice at $103.50
per share on or before Feb. l, 1948. the redemption price decreasing
//' To''tat
progressively to $101 per share after Feb. 1, 1956.
Conversion rights
terminate on Feb. 1, 1956 or on the fifth full business day preceding
y
The 88,668 shares of common stock Issued as part of the exchange'
an earlier redemption date.
are included at their par value of $1 per share, increasing the capital
>
stock by $88,668 and reducing earned surplus by that amount. .,.
PUftPOSE-~Conipany will apply $3,L01.823 of the pet proceeds .to the
be
:
;
Z,
;
;
.
fwLtaX.e® for
year 1945 includes an
F®hfra n?rmal tax anrt surtax, based
Proceeds from the said of the
will
$1,667,983
-
taxes
chgs.
© 764,157
\
419,827
$1,494,964
:?/
173,019 //
income
doubtful
4,726,601
952,010 >■
:
dep.
income
Miscel.
Mos;—>1944 V
$31,153,758 $27,966,013
..
5,901,097
-
exp.__
&
'Operating profit
.
"1945—12
$6,847,182
"
cement
pur.
and
&
cost
sold
Sell,
of the 72,810 shares of new
3%% cumulative preferred stock (par $100) offered by
the company at $100 per share on the basis of one share
of preferred for each 10 shares of common stock held,
of record Jan. 10^1946.J ; The subscription offer to com¬
mon stockholders, underwritten by a group of invest¬
ment firms headed by Laird, Bissell & Meeds; Spencer
Trask & Co.,, and Merrill Lynch, Pierce,• Fenner - &
Beane, expired on Jan. 26. The remaining unsubscribed
4,711 shares have been privatefy placed by the . under-?
Ojhei
;
Corp.—Earnings-
Period End Dec. 31—
Sales
on
scribed for 68,099 shares out
Uri.ted
obligations
of
Penndale also operates a distillery and bottling
plant- in Pennsylvania.
tion
.
acquisition
.
"W<->>k-r
Liquid Carbonic Corp.—Stock Issue Placed—Corpora¬
announced Jan. 29 that common stockholders sub-:
v
,
1945
30,
13,477,689
25,000
.
demand deposit and on hand, $565,305,'
(at cost-i; $50,000; rents and
on
Government
29,863,575
.
$9,475/' *$191,729
SEPT.
SHEET,
BALANCE
CONSOLIDATED
r
,
46,186
:
ASSETS—Cash
states
$171,616
338.344
$131,250
Depreciation & amort._
Prov. for Fed. inc. taxes
.
$217,560
£>r45,945
219,843
130,000
$236,124
income
78,171,307
27,969,535
13,117,576
91,024,875
07,465,475
26,592,005
7,828,292
77,732,845
7,625,555
*586,119
Jan. 28, 1946 "of la- 40-hcur week for employees
of this company,
was announced by Colonel T. H. Barton, President.
All
hourly workers and salaried employees earning less than $300
per month w'll receive an increase of 15^
in basic wages, effective
Feb. 1, Colonel Barton added. Adjustments will be made for salaried
employees with monthly earnings of $2Q0 and over.—V. 163 p. 466.'
y
Inauguration
$386,863 t
$481,093
Other income
2,411,539
"-'./l,485,991'
•
73."
163, p.
and
A;."•; ;■
company is engaged in distilling and distributing bSranded lines
of whiskies and spirit blends.
Most of the company's sales of bottled
goods are currently being made, under the brand names "Pennbrook"
and "Montrose."
Company's distillery is located at Logansport Pa
As of Oct. 31, 1945, the
company had inventories of approximately
1,379,000 original proof gallons ofbeveraged spirits;
The company has
entered into a contract with the present stockholders of
Penndale Dis¬
tilling" Co. to acquire all of the Capital Stock of that company
$6,948,346
$7,177,864- $7,264,668
1,415,193" v' 1,869,6,>'8
*4,420,146
1,263,992
construction
The
'
;
.
1942
,
Lion Oil Co.—-Increases Basic Wages—
1,520,83
$340,678
' $478,687
2,406
$600,649:
Operating income
•
.
Lone Star Cement
$1,738,393
1,494,212
1,328,635
1,532,687
interest
Oper. exp., incl.
y
income...
""Deficit.—V.
1943
w
the
»
'
J
,
railway
oper.
1944-
%
1945
*
*5,525,761
/
railway—
from
Gross
Net ry.
Lefcourt Realty Corp.
•
income—
oper.
From Jan. 1—
313., v5
p.
>
railway..,$4,987,383
Net from railway———*7,721,419
Net
liabilities $2,792,000.*-v.
'
from
Gross
79? ooo^S
Working capital as of Dec. 22, 1945
assets
being $4,780,000 and current
Distilling Co.; and to
additional plant. facilities. ■'■A;;;
Lehigh Valley RR.—Earnings-
..
*
owing to
have
far
thus
sales
cause
Monday, February 4, 1946
Penndale
«
Preva,illn8 rates
provision
for
in either year.—V.
compared
as
excess
.vith
proiits
162, p. 2819.
tax
amount
on an
$1,130,000 for the
was
considered
*
of $1,estimate
year
necessary
x
-
Louisiana
Ry.
,
Net
Other
,
!
SALE OF
.entered
BUILDING
into
for
Normandie.
$147,000.
This
Based
will
sale
the
on
resultant reduction
of
SEPT.
one
of
result
a*
taxes
book
law,
tax
present
in Federal
in
on
contract
buildings
it
loss
is
has
;
•HISTORY- AND -BUSINESS—Company
approximately
that
estimated
July 23, 1926.
in
the,
income will be about $112,000, // and
-.
organized
was
in
sale
the
book
loss
802,822
776,248
18,065
126,883
148,241
$262,599
income
oper.
$218,287
$2,618,796
$2,533,467
.
(Ky.)—Weekly Output-
lastryeaiv p decrease) of 17.0%v—V. 163; p; 466^
merchandisers,
covering
-
:
-underwriting
Of
the
will be headed by Eastman, Dillon & Co.
stock to be offered, about 49,000 shares
group
preferred
t
..
are being
by stockholders.
All of the
common stock to be offered is being sold by stockholders.
The proceeds of the sale of preferred stock by the
company wi'.l be
used to reimburse the treasury for approximately $3,000,000 paid on
Jaq. 14 to Merrimack Manufacturing Co. for the purchase of a;mill
and
inventory at Huntsville, Ala.
The remainder will be used to
.sold
by
the
and
company
the
balance
acquire and improve producing; finishing and merchandising facilities.:
In connection with the proposed financing," Leon Lowenstein, Pres¬
ident,
approximately
to
60,818
9,163
registration state¬
80,000 shares of cumulative preferred stock, series A
(par $100), and 475.000 shares of common stock (SI par).
In 1945,
■the company's net sales were approximately
$50,000,000.
Subject to clearance by the SEC it is expected that approximately
80,000 shares of the preferred stock and 325,000 shares of the common
will be offered to the public during the latter part of
February.
The
founded
$35,000.
The subsidiary / bonic gas, and was subsequently expanded to include the manufacture
company will receive from the purchaser cash of about $134,000 and // and sale of pressure reducing regulators for gas cylinders; flavoring
a purchase money
mortgage of $133,500.
The property to be sold is ■ extracts used*ih the preparation of beverages and foods; soda fountains
bottling machines.
Since its organization the company has fur¬
subject to'a mortgage of $1,397,825 as of Sept. 30, 1945, of which
.. and
ther extended the lines of Its activities to include the manufacture and
$28,000 amortization was due within one year.
.The property to be
sale of carbon diexlde in solid form, generally known as dry ice; ice
sold showed a small loss during the year ended Sept. 30, 1945.—V. 162,
cream
cabinets; oxygen, acetvlene and medical gasses; welding and
p. 1891.
'
'
cutting torches and other equipment necessary in the application and
use of oxygen and acetylene; and home freezers of two. types,
one a
■/' Lehigh Valley Coal Corp.—Listing of Certificates of
combination household
refrigerator with a; freezer and frozen-food
Deposit for Preferred Stock—
storage compartment and the other a home cabinet solely for freezing
'•*
0,
,
; » •
' '
The New York Stock Exchange has authorized the listing of eer- \ and frozen-food storage purposes.^;
The business, now- done by the; company- and Jts subsidiaries con-,
tificates of deposit upon official notice oi issuance in exchange for
sists of the manufacture and sale of consumable and durable products.
227,409 shares of preferred stock (par $50) in accordance with the
.decreasing
ry.
ment
Delaware,
Company was organized to continue a business
$3,457,957
The company, textile " manufacturers, converters and
established in 1889, filed with the SEC Jan. 30 a
..
Such business originally consisted solely of the manufacture
of carbon aioxide in liquid form, generally known as car¬
1888.
$3,548,501
$336,716
(M.) Lowenstein & Sons, Inc.—Registers With SEC—
:cqmpanyand;itaiJ5ubsidlarieSifeA|A|^A;^gf;i,^
been
owned—Lefcourtof
968,000
$297,170
income..,.
oper.
.corresponding week
new
1945—A
30,
the
5,013,102
903,541
Electric output of this company for the week ended Jan.
26, 1948,
25,644,000 kwh.. as compared with 30,892.000 kwh., for the
,
AFTER
sale
the
a
$9,439,059
2.461,673
totaled
redemption of all of the outstanding 4^ % cumulative preferred stock,
Series A, at $107 per share.
.No specific allocation has been made
of the x balance of the net proceeds, estimated at not less than $3,bond issue).
The'
amortization
payments required to be made within one year from fe 902,152, and the company reserves the rigbt to make use of such
Sept. 30, 1945, are estimated at. $213,000, including therein the reduc- ra¬ proceeds in such manner as the board of directors may from time to
time deem to be in the best interests of the company.
tion in principal indebtedness
It Is presently
resulting from the refinancing of one
bond issue and deducting from
the required payments bonds of a
contemplated, however, that such balance of the net proceeds will be
par value of $28,000 held by one subsidiary company which may be
applied toward the completion of the lcng-range program cl expansion
used for such purpose,
and rearrangement of the manufacturing plants and facilities of the
.■ .
y
' ' '
■
by
replaced
$6,913,715
475,702
102,192
Louisville Gas & Electric Co.
,
and
$875,064
64,954
taxes,*
accruals, ; •;
*Deficit.—V. 163, p. 466.
LONG-TERM DEBT—The long-term debtor $7,205,055% consists/nfi *
four mortgages and two bond issues (one of which was retired subse¬
1945,
$976,069
Crl.384,129
oper.
1945—12 Mos—1944'
$1,934,274 $18,929,944 $21,451,870
1,059,210
12,016.229
12,012,811
71,343
Net
,
quent to Sept. 30,
ry,
tax
rents (net Ur)_.
facil. rents (net Or)
Jt.
„
C.
Ry.—Earnings—
1945—Month—1944
Equip,
•
,
fr.
income
ry.
Ry.
.
,
.
Arkansas,
revenues-.$1,118,141
expenses2.034,210
rev.
Federal
•
,
oper.
Ry.. oper.
,,
v!,
&
Period End. Dec. 21—
>
and
/trustees
Milton
for
the
Stuart,
M.
estate
of
Howard
Abram
Hecht
and
Mr.
Lowenstein.
as
L.
Lowensteih, will offer 100.000
holders of old first and
second preferred stock as have agreed to sell to the underwriters the
shares of new series A preferred stock into which their present hold¬
ings will be reclassified. That part of the 100,000 shares not taken by
present holders of old first and second preferred will be offered to
shares
of
common
stock
such
to
present
TJpon1 completion of the proposed financing the company ^ wi't have
outstanding 80,000 shares of series A cumulative preferred stock and
1,000,000 shares of $1 par common.—V. 115, p. 2912.
/ ;r
.
.
-company's plan of recapitalization dated Dec. 31,
/ V,v*
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
;
y The
directors, by resolution adopted at meetings' held on Dec. 5,
„
Authorized " -1 Outstanding
1945 and Dec. 20,
1945, approved a plan of recapitalization to be ^
preferred stock ($100 par)^-A.
V
72,810 shs. -, 72,810 shs._
dated
Dec.
31, ' 1945< which will be submitted to the stockholders "
Common stock (no par.)———,i
for action at a special meeting to be held Feb. 25, 1946,
*1,200,000sh?. 5." 728,100 shs.
Briefly, the plan contemplates:
*Includqs 182,025 shares reserved for conversion of the 3"4% pre¬
ferred stock, *
(a) The elimination of the company's profit and .loss deficit of
..
.
over
$7,000,000 by a reduction of its capital through changing each
UNDERWRITERS—The several underwriters have agreed, severally
1945,
.?
Lutheran Hospital Society
Partial Redemption—
.
f
of
Southern
California*-*
'
<
There have been called for redemption on Feb. 1, 1940, te total of
$90,000 first refunding mortgage 2% -3 ¥2%
bonds, series A, due to
Feb.
1, 1960, at 10ll/2 and interest.
Payment is being made at the
,
^
.
-
,
/■'First
,
&
Co.,
Trust
Bank, corporate trustee, West Bend, Wis.; California
Angeles, Calif., or Continental Illinois National Bank,
Chicago, 1)1.—V. 161, p. 10.
Los
Co.,
.
share
of the presently outstanding common stock
ino
par)
into a
of common stock (par $1);
The changing of the. present preferred stock from a full cumulative-if-earned basis,
effective from and after; the date the plan
and
such
(b)
effective, with certain other changes;
f,
(c) The creation of two new classes of preferred stock, likewise on
cumulative-if-earned basis, which will rank ahead of the present
a
stock
preferred
to
as
dividends
and
on
liquidation,
and
which
%
Spencer
"Z
Merrill
v
Smith.
Trask
&
E
Laurence M.
Co..____^ 14.00
Tucker.
Pacific
10.50
Corp.
Dev.
6.75
Dean Witter & Co.——
4.25
&
H. F.
•
1.50
Gardner—.—
of
20
cents
each
were
made
1' and Dec;o10, last; year,.
V:'r.Tj-'."i'f\'v-■ h?- '■ v'ivp;i5 'hV:-ffr;v"uV,^
J,;
on
/"
•
The
v
1-50
&
30 declared'a cash dividend of 25 cents per^
stock, par $10, payable March 12 to holders
Distributions
McBee Co., Athens, Ohio—Registers With SEC—
company, which with its Canadian subsidiary, the McBee Binder
manufactures special office equipment and machines, filing and
'housing equipment for accounting forms and records, and sp^cialhed /
/printed products, has filed a registration statement with the SEC cover /
ing the proposed sale of 98,000 shares ($5 par) common stock.
Of this
total, 70,000 shares will be sold by the company and t28,000 shares
by certain stockholders.
•
'
In addition to the common stock to be offered by the underwriters,
2.25
Williams,
Bcynton & Co., Inc:—1.90
"Mavnarrl fy Co._i.
1
Reinholdt
l.
Marchvi3, June, 12, Sept, 10, Nov.
Stillmpn.
4,25
R, S. Dickson & Co., Inc.—
,
Chapman & Co
Northwest CV*-aa
on Jan.
common
March
^}y^'. ' Ay'*>/]:$'
3.00
Stoddard
the
on
record
"of
4?5
Inc.'
H. Rollins & Sons, Inc.__
6.50
Blair & Co:—5.00
William
share
4,35
Marks & Co.A
T McGraw-Hill Publishing Co., Inc.—Larger Dividend—
;
•/?.; The directors
v
Anthony & Co, a A
Fwwell.
-.a—14.00
Barney & Co
Union Securities
-
Co.,
-
cash.
Under
the
plan,- each, share
of, present preferred stock
is
offered
Listing of 31/2% Preferred and -Additional Com. Stock
-
The
One share of $3 first preferred stock (entitled on liquidation *
to $50 and redeemable at $55 per share, without par value and with &
.declared; value ol$40 per share); " . 'A'.-; ,; v
(1)
,
.
One. share
(2)
to
liquidation
and
value
of
the
of
Exhibit
with
sinking
50-cent second preferred
and redeemable at $32 per
of
$32
declared
fund
as
value
set
of
$5
per
share;
forth in subdivision
stock
(entitled
share,
without
entitled
4
of
to
on
par
benefits
Article
Fourth : '
(3)
One share of common stock (par
of
preferred
present
$1 per share), and
evidence
such
assent
bv
5.•i'.'iy"-''S;'l'"''r.
Logansport Distilling Co., Inc.—Registers With SEC—
$7.50 in cash.
-
-
oC°mpany has filed
185,000
shares
a registration
statement with the" SEC covering
of
ccmmon
stock
to
be .underwritten
by Lehman
The company announced that it also plans to sell
privately
6,500 shares ©f 414% cumulative convertible
preferred stock (par $100.").
stock desiring to assent to the plan /
Brothers,
depositing
their
stock,
accompanied
>
York Stock
^r:■' '■)i-'■
B);
(4)
Holders
New
Exchange has authorized the listing of 72,810
shares of 3
preferred stock ($100 par) (convertible on or before
Feb.
1, 1956), upon official notice of issuance and satisfactory dis¬
tribution, and 182,025 additional shares of common stock (no par),
upon official notice of issuance upon conversion of 72,810 shafes of
such 314%
preferred stock, making a total number of 910,125 shares
of common stock
applied for,—V. 163, p. 313;
.1
in exchange.
shall
yo
Lynch, Pierce, Fenner
& -Beane
-
i
tic
Laird. Bissell & Meeds— 15.00
will
available for issue in' connection with the, exchange of present
preferred stock provided for. under the plan;
1
(d) The issue of additional authorized and unissued shares of com¬
mon stock in connection with the exchange of
preferred stock provided
-for under the plan; and
(e)
The exchange of present preferred stock, with the dividend
accumulations thereon,
for new preferred stock, common stock and
be
jointly,
of the
•<
becomes
•
not
to purchase from the company at $100 per share
72,810 shares of preferred stock as are not subscribed fdr
by holders of subscription warrants in the percentages set fcrth below:
share
.'
;
National
Trust
'
by a signed letter of transmittal, with J. P. Morgan & Co'.Incor¬
,The-common stock and
porated, New York 8, N. Y., and Drexel & Co., Philadelphia 1, Pa., •/ with the reclassification ofpreferred Stock are being sold in connection
the company's present
capital stock.
As of
'as depositaries, on or- before March 5, 1946.—V. 163, p. 313.
/
Oct,-31, 1945, the company had outstanding 6,410 shares 6f 5% cumu¬
warrant holders 50,000 shares of its com¬
the company will offer to
stock
mon
sonnel
of
/. vestment.
issuable
the
the exercise of warrants to certain key per-/
and to the underwriters for purehase for in-,
upon
company
The warrants are exercisable at $8.50 per share of common
including Feb. 16, 1948, and thereafter, at $9;50 per
/-
stock
to
r
share
to Feb. 16, 1950.
and
'
1
•
Stockholders of the company on Dec. 14, 1945, approved an increase
-'in the authorized common stock from 20.000 shares ($50 par) common
to 300,000 shares ($5 par) common, each share of $50 par common be¬
ting changed into 10 shares of $5 par ccmmon. • The only other securi/ties of the company are 5,000 shares of 6% ($100 par) preferred stock,/
/fauthorized/ and outstanding,
>
',
/
Proceeds,to be received by the company will be applied to the aoqui*;
/sition" of additional plant facilities and to the purchase of additional ;
-jranufa^turing equipment to meet current and anticipated demands for
'
Libbey-Owens-Ford Glass Co.-^Personnel Director—
lative preferred stock (par
$100), 7,431 shares of class A common stodk
(no par), and 12,500 shares of.class B common stock (ho*par);. After
giving effect to the reclassification^ the company will have outstanding
6,500 shares of 4*4% cumulative.convertible
preferred stock (par $100),
Carson
has been appointed Personnel Director. He Will
.supervise overall personnel planning and execution in
all Libbeyand 390.289 shares of
Owens-Ford plants. His duties include safety, recreation and training
The proceeds from
activities in connection with employee programs.
Zv-ZZ
C.
A.
.
Mr.
safety
.
Carson has been with the company since JL929,
director for
servicenom
all
whicn he
plants.
was
lit
May,
discharged
in
cumulative
when he, became
1942, he entered military
late -1945,-—V.-162, p. 2644.
To
convertible
ccmmon stock
the
sale
of
preferred
(par $1 >,
the
stock
•;
common,
are
to
r
•
the
'.
f,
,
7
•
'official
v:
and the 4J4 %
applied as follows;'
v.
v
cumulative convertible preferred stock ($100 par) upon
issuance; and 150,000 additional shares of ; common/
stock
($1 par) upon official notice oi issuance as may be required
from
time to time to be issued upon the conversion of the above
60 000 shares" of 3 l/a %
cumulative convertible preferred stock, making
the t*tal amount of such ccmmon stock applied for 1,290,253 shares.-rv. 163, -p. 465. •
•/'/'■./j'-,':-
.'shares of 3V2%
the retirement of
all the 6,410" shares of 5% cumulative
preferred
; stock, presently outstanding; to the reduction of bank
loans of the
A company; to the
purchase of all of- the outstanding capital stock of;
products.
<
•<
Inc., is named as principal underwriter^
f
McCrory Stores Corp.—Listing of Additional Stocks—
//The-New York Stock Exchange has authorized the listing of 60^000
stock
be
company's
Co.,
Burr &
notice oi
.Volume 163
Number 4461
THE COMMERCIAL & FINANCIAL CHRONICLE
655
:
•..
Obituary—
York
-
•
-
-
\
-k/: #
t
u':
/.■
...
'
,
5
-
LaPolt, .news .editor 6^ the magazine Business- Week
■- Harold Scott
and
a " former
\
died
newspaperman,
City, Wednesday,
163, p. 195.
Jan.
at
of
heart
23,
Hospital,
Presbyterian
disease.
He
47
was
Maryland Theatre & Office Building
atre
■
New
—There
years,
have
$40,850
old.—V.
etc.,- $37,701; hot mill plugs and piercing points, $8,154; patents and
license, less amortization, $7,368; taxes, insurance, etc., $10,922; total,
(Maryland The¬
Building Corp.)* Chicago, 111.-—Partial Redemption--
1950
first
at
been
and
National" Bank
called
for
leasehold
fee-a
100
interest.
&
redemption
Payment
will
tTrustjCo.y- trustee,
Feb.
on
sinking- fund
be
1946
the
at
111.—V.
total of
a
due
bonds
made
Chicago,
-
1,
5%-6%
$1,530,134.
crued
American
of 6 % Debentures—
for
J.
Elder,
July
President,
purchase
due
interest
1,
to
receive
to
up
1968,
100%
at
March
1,
immediate
1946.
>; The
of
$500,000,
their
principal
plus
amount,
Feb.
accrued
agent, 55 Wall
added:
the
Should
offer
this
to
number
aggregate
deben-
of
•
discretion of the board of directors, and at.
fit, .the difference; together with any addi-vv
discretion, may be applied to the purchase or re¬
outstanding $1.50 participating preference stock of this
161, p. 1205.
_.
,
may deem;
sums, in
tirement of the
company,—V.
C.
T.
Ruhf,
announces
President of
election' by
the
Presidents.
Frederick
.
that
■
-'The
W..Beardslee
has
•
of'
Vice-President
made
been
in
1944.
President, pro
as
will
He
executive "committee.
the
continue
Co.,
Conn.,
in
1919.
branch
in
of'
District Manager
Mack-International
report
the Bronx
Motor
and
Truck
called
Of
premiums
written
during
1945
were
$17,751,058,
an
Net
the
' The company has purchased
56,000 ,square foot site "in
N, Y:,' for the construction of a- new branch store, Howard
Vice-President in
The
store,
operated
v;'
in
to
Net
metropolitan
ry.
48,779
'
■
Total
;
F: Ottea,;
the' purchase of $4,500,000 first
-
above.—V. 162, p. 2944.
■with
39,184
-
Chicago,
,.
bian
Paper Co.
with
warrants
!
-
....
.
ownership
of
its
capital
stock
Charles
by
general freight agent.—V. 163, p. 73.
#
V
S
•
\
\
..
.
K.
Hall,
employed
now
-
.
•
On
'.
B.
has
Dlefenbach,
O.
been
elected
President
Chairman
J. M. Strelitz,.
i New board members
,
the
of
of
the
Co.#.
succeeding
<5,367
;
•,
and
&
Electric
:
Lawrence
Retiring
include
;
Corp.; Ogden B.
Co.;
Charles
G.
J.
Rubensteln,
members of
director
board
the
of
of
the
New
directors
are
Clock
Haven
R. E.
Crane, R.
7'
G.
•
Lamarche.-
To Spend $1,000,000 on Rebuilding Facilities—
V An engineering study, of the operations of this company is now re¬
ported to be in progress.
Complete rehabilitation of plant and
facilities is planned, at a cost which may reach $1,000,000.
Acquisition of working control of the company by a group Of irij Vestors headed by E; G; Diefehbach,: President of the Southern Trans¬
portation Co., of New York City, was recently announced.
The interest
acquired by the group represents stock formerly held by residents of.
Marion, O.
'
t
The new group takes the ylew thai rehabilitation is the first essen- '
common stock of
a good
deal of the Marion company's equipment is old and
replaced for most efficient operation.?- There is said to be a
Substantial demand for the company's products.
since
*
for purchase of common shares and
•
question of recapitalization, which is; understood, to have been
discussed briefly and was not part of the transaction, will not come
tip for consideration until a later date; it is reported.
Dividend- ar-.
rears on the 26,439 shares of 7%
preferred stock ($100, par) amount
$o $106.75 a share.—rV. 162, p. 3076.
'
'
of the Columbian
See also V. 162, p, 3076.
*
,
7,;
1945
1944
$2,508,317
.Cost of sales &- exps._^_
7
.
1943
$2,319,747
2,258,578.
Operating profit
'
:
.
! $1,837,984
2,060,044
$249,739
Other Income
1,563.931
„
$259,703
26,453
21,685
:
v
7
.
19,388
exps.
*1945—Month—.1944
,$1,434,612
1,058,335
& deprec.__
162,
.
..
-Total income
$276,193
Income deducts,
Interest
Fed.
i
&
State
Selling and
•
Net income
'Includes
7,Profit
inc.
-
taxes
..
$376,277
$237,351
111,920
shr.
-188,200
'118,614
$174,019
$46,799
$0.40
$0.13
.
Federal excess profits
(after
in
reserve
for
and
$0.21
-
tax,
BALANCE
banks
Other
on
doubtful
i';
.
-
>
—■
SHEET," NOV. 30,
hand, $2,275,163;
delivery expenses^.——
administrative expenses^7-7._—_
accounts
accounts
from
operations——
Net
>
1
'
a"
"
.
1 V
:
A stock
%.. 30,278
—:
$63,534 -:
' i 154,173
145,635
n
:■■■?'
—*).
$215,159
- 7,856
per .sh.)1
?
—
$69,524
■
(20c per share)
6.207
# 30,369 '
.
-' -■■■:■:
.
'$217.707'
^
'
7.856^
64,216
„
__
.
•
.
'CONSOLIDATED
.
BALANCE SHEET, NOV. 30, 1945
deposits
LIABILITIES—Certificates
payable
demand,
on
than
more
calendar
stock,
121/a%
at
or,
and
provision
preferred
*par
of indebtedness (obligations of company
option of company, in an amount of not
of
the
dividend
for
total
outstanding In any one
payable Dec. 1, 1945 on preferred
Federal
stock
Yalue
(at
of
month
per
month), $142,108;
$1,964;
cumulative
(par
$321,157;
and
value
taxes, $37,110; 5'/2%
$142,800; common clas3
$25),
common
class B stock
surplus,
$1>,<$
(par value
$49,688;
earned
total, $1,098,125.--V. 161,
Morris Plan Corp. of
■
State
$10,210; capital surplus, $250,000; paid-in
surplus since Nov. 30, 1937, $143,087;
p. 991.
America.—Registers with SEC-^
The company on Jan. 1 filed
100,000 shares of preferred
a registration
statement; with the SEC
stock, series A, (par $1) with common
attached,; and
150,000 shares of common,
for
stock
(10
purchase
cents
warrants
par).
The
dividend
rate on the preferred will be filed by
The statement covers
200,000 additional shares of com- '
reserved against warrants.
•
.
Of the proceeds the company is committed toutilize $2,100,000 for
retirement of bank loans, and while not committed
contemplates util- *
izing part of the proceeds as "follows:
For-Investments in subsidi¬
mon
-
aries:
Industrial Bank
Credit
Corp.
Formation
1944
State
$3,500,500
well
2,662,909
be
of
Commerce $1,400,000,
Industrial
used
for
American Installment
Insurance
on
to
$431,358
13,884
■.
$445,242
$262,292
2,484
;
*254,700
14,000
v--——. ■
share—$2.93
j*After post-war refund
19431-'
*
'
of
$28,500
"
and
$1,800, (credit)
of
New
Subsidiary—
Industrial
Jersey to
automobile
as
Jan.
all
29
of
:
Insurance
write
general
of the un¬
names
.
Co.,
fire
required
Installment
coverage
under
and
the
laws
marine
under
the
of
the
insurance
•
as
Bank
'
Credit Corp., was announced
Plan Corp., of America; which has subscribed
company's capital stock. It is planned that the company
:
American
by Morris
the
will have policyholders'
surplus of $2,250,000 of which $400,000 w.il "
he paid-in capital. *»
*'
Industrial Insurance Co., wril be headed by Arthur E. Petersen; f
formerly Comptroller
162, p. 3195.
,
of
Continental
v
..
58,500
85,950
.
#
$115,808
year—.-
5,340
fjv,
58,050
iX-l
of
•
working
Credit plan of the American
199,929
$226,697 W
——
taxes.———.J
"profit- fbr the
sion for year
will
.'•New Insurance
206,303
35,595
income,
$500,000,
-
Corp. $450,000.
The recapital and for expansion of the
business of the company and. its subsidiaries.
Casualty
Co.,
Chicago.—V.
of
•
Narragansett Electric Co.—Partial Redemption—
The company has called for redemption on March 1, 1946, $295,000 •
mortgage
3%
bonds, series A, due Sept. 1, 1974, at 105 and ^
interest.
Payment will be made at the Rhode Island Hospital Trust
Co., trustee, Providence, R. I., or, at the option of the holdex-s, at the •
following agencies: State Street Trust Co., Boston, Mass., and The
Chase National Bank of the City of New York, New York, N. Y.—
first
$112,703
;
$2.84
over-provi¬
'
of
.
V;
162,
p.
2948.,
'
,
Government
8715,580;
surplus, $1,874,608; total, $6,031,044.—V. 162,
p,^I172.
-
arid
equipirient; ia
process! of- construction,'; $77,354; :.dies4; mandrels,'
Coalition Mines Co.—To Liquidate—♦
Mother Lode
ings,
...
5,873
taxes..__U—_#.
-
cash
on
hand, $213,821; United
cost), $65,000; loans receivable (after
$44,627), $813,879; furniture and fix¬
tures, at-cost (after allowance for depreciation of $25,578), $2,301; v
prepaid insurance, $3,124; total,
$1,098,125.
v
4
.
$65,668i, $720,146; »
;
,
.'
BALANCE' SHEET, OCT. 31, 1945
securities, $1,040,000; inventories $1 081,747; build- 0 ASSETS —Cfash on demand deposit and on hand, $259,163; U. S.
equipment, etc.
(after reserves for depreciation of $993,565),
Government securities at cost plus accrued interest, $255,752; accounts
patents
net,
$126,768;
prepaid
expenses
and
deferred
receivable, $299,344; .claims for refund of-, Federal taxes on income
charges,'$71,640; total, $6,031,044. ~
*' ..7; 7...
■;,,, ■,y
under
accelerated
amortization
provision
of
the
Internal Revenue
1
LIABILITIES—Accounts payable and
accruals, $718,^36;
Code,- $21,248;- inventories;
at ■ lower of
cost or market, $218,217;
provision
fop Federal, state and.
locat-taxes# $640,580; reserve for contingencies, ^ special bank -fund- for employees' bond purchases {contra),-$1,072;
$15,000; other reserve, $29,681; capital stock
(451,800 shares, no par), - miscellaneous securities,* at-nominal value, $1; fixed assets, at cost
$2,491,931; capital surplus, $111,480; paid-in surplus,
(after
reserve for depreciation,-$333,838; building addition, machinery
$149,533; 'earned U. S.
income
■" $100,019:
$145,635
167,250
—
excess profits taxes-—
Provision for 'war, contingencies,' etc..——
-
re-
'$105,767
indebtedness, etc
23,974:
-
64,216
205,453
and
Earned per'common
1945
•
of
Federal
yk-v-ii;-
ASSETS—Demand
»
$1,804,270
$3,107,259
2,507,858;
Federal
7
.
$76,045 '
.
■
The dividend rate on the preferred stock, and the
derwriters will be supplied by amendment.-
—7——7-
deductions
Federal
38,773
' $93,188
for
States Government securities
allowance for doubtful loans
■
Paper Co.
$2,880,074
.Total income
283
"2,299
$164,273
$0.36
JT,
ASSETS—Cash
ceivable
$88,154
328
CONSOLIDATED
V
$293,441
__
ctfs.
on
f
;
1945—10 Mos.—1944 /
Other income
'
480
Earnings per com,
f
$281,388
'
(net)
paid
$70,119
.
chgd. off,
prev.
.:
.
'
loan
on
$272,283
196.238
192,776
$0.17 y
•No provision is believed by the
Society to be required fdr Federal.
profits tax.
•?
»
4
y
$1,092,230 $12,628,120 $10,300,735 i
854,879
9,748,046
8,496,465
(net)
General
22,372
•
1944.
$262,895
"
>
excess
3076.
J).
Cost .of-sales
$65,782
<
*
Balances.at. close pf fiscal year—$143,087
Earnings per- triass A «hare
—$0.19
(Expressed in Canadian Currency)
.
period End. Oct 31—
Oper.
Sales'
831,729
49,309,302
35,648
Divs. paid on com.
v
was
1945
'
34,574,379
t
DJvs. paldion, SVt/ip, pfd, stock ($1,375
;
Michigan Seamless Tube Co.—Annual Report?
$897,511
-
$274,053
•
1942A
24,309,049
^
.Total
INCOME'STATEMENT, YEARS ENDED OCT. 31
{ ' 3 Mos.End. Nov. 30—
"k
»,
:
,
(& Subs.)—Earnings
\
(& Subs,)—Earnings—
23,659,328
amendment.
-V.
#
'Martin-Parry Corp.
1942.
1
Net income for the year
:
1
Balance- at beginning of fiscal
year—,
14,000 common
purchase
Mexican Light & Power Co., Ltd.
(Net earnings 7__
.
1943
i
mainder
The
*1944
*
'
Society (& Subs*)—Annual Report—
(recoveries
•Provision
-
Oross earnings 7,-wi
be
•
MONTHS
Total income
Coluih-';
:
'7:, ' •*:. '
7.#777|;77;;v7#\ Mengel Co.—Conversion of Stock—
.
must
12
y
£ftc.)
Interest
reports that an additional .7,356 shares of its 5%
convertible preferred stock, .$50 par^ was exchanged for common stock,
on the basis; of
three shares- of common for each preferred share
held, during the two months ended Dec. 31, 1945. The number of
common- and.7preferred shares outstanding at
the end of the period
was 457,116 and 66,855, .respectively.
v
7
Prior to July 1, 1945, .the company states, no holder of preferred
stock had' exercised the conversion right.
In the last six„ months of
last year,. however,
13,145 shares of 5%
preferred were converted
into 39,435
shares of common,. $1 par. The number of preferred
shares converted in each of these months was: July, 1,500, Aug. 10,
Sep# 210> Oct.* 3,979, Nov., 1,101 and Dec., 6,255.—V. 163, p. 314*
"
tial,
1945
.
income...
oper.
;:;i>,
.
'
AND
"Net operating income..1—1_._-._1_.__
>
.;
• company.
placed, in registration with- the Securities
Commission- 7*000 shares of $5.50. series B preferred
utilized .for. the
DEC.
railway J— 218,038,535 236,563,909 227,793,238 178,424,500?
railway—67,654,383 101.381,632 103,657,770
77,313,745
Other inc.
14^000 "shares spf
.
exchange of shares.
-
,
1945
The "company
Co.
Morehead, Gordan -Kay, - Alex Gibson,. John P.. Courtright and C. F.
FOR
Operating income (interest, on loans)—,
Operating expenses
'
the
be
an
fallibility'
"
"
order of ■ approval on Decern-
an
^
;
one-half share of $5.50 cumulative preferred, Series B,
purchase of common stock, and one share of com¬
warrants
to
v
,
will
tie court
from
ry:
'
Hamilton Pell, director of Standard
Hewitt, President of the Gauley
Mountain Coal
Terry, director of the
Colorado
Fuel & Iron Corp.;. Stanley R. Grant of C. M. Loeb, Rhoades & Co., '
©as
shares,
through
:
\
■
,
ofv directors,
which
human
as
railway
$14,317,360 $20,772,639 $21,020,276 $17,249,595
railway..^... *>10,883,652 ; 9,130,858 "
9,2^3,330
47607,404; '
ry. oper. income—.
*4,321,105
2,909,030 •
(l848,388
3,958,066"
Monroe Loan
for
Exchange
stock with
Transportation.
Southern
board
Jan.'25
and
Marlon Steam Shovel Co.—New Chairman, Etc.—
'
.tv,>
drawn
it appears to
CONSOLIDATED INCOME ACCOUNT FOR YEARS ENDED NOV. 30
post¬
poned indefinitely,- without explanation.
The purpose <jf the • meeting
had been to approve a fecapitalization proposal and a change in lo¬
cation of the principal office from Chillicothe, Ohio; to Dayton,' Ohio.
as
be
can
one,
perfection
•
special meeting of'stockholders scheduled for Jan;;,29,
rThe
every
near
'
$2,430
Specia^ Meeting Postponed—
J
The ICO on Jan. 14 approved the acquisition by the company of
control of ;the?;PassamaquoddySFerry . and Navigation Co.,. through
#
on
contained
as
from
ffom
13,276
period of the offer.
•;The offer Is not being underwritten.
i
of
as
previously. Entered
^Deficit.—V. 163, -p.- 314.
*
Maine Central RR.—Acquisition—•
,
\
plan
no
FromJan. 1—'
mon stock for.each share of .Columbian common stock, in. each case-.
with all dividends paid or payable thereon by Columbian during the
.
road
1,373
•
par).
said,
present plan achieves
Net
setvup as special write-off arrangements
V" ' ;
The company will offer to all holders of the
(no
the
from
Gross
$1,057
stock purchase warrants attached and
stock
for
approval of the present plan
Although, as the entire (Interstate
sight.
21.'
Net
Corp*—Registers with SEC—
common
common
.
Merger—
the
matter is in
EARNINGS
.
,
Magazine Repeating Razor Co.—Proposed
See Eversharp, Inc.,
.
the
i
;The corporation On.Jan. 24..filed a registration statement with (he
for 7,000 shares of $5.50 cumulative preferred stock,- series B,-?■
I, 1976, will be received up to 11 A. M.
United Light & Power Service Co., 105 West Adams Street,
the coupon rate to be specified, in the bid.
v
The issue has the approval of the SEC.—V.' 162, p. 3194.
of
.iThe:, court, had
ber
NOTE-^-Operations for 1944>are subject to 1944 income- tax regulanr write-off of deferred developments.—V. 162,
p. 1285.
due Jan.-.
office of
plan
attain."
can
-
SEC
mortgage bonds,
(CST> Feb. 5 at
end
that the
ciation
Madison Gas. & Electric Co.—Bids Invited—
Approved by Court—
reorganization
,
will .render tax liability negligible.
Mead
for
the
approved
■
Net
$91,575
jNo; ta'x ptovisioni has been
Brooklyn,^
550,981
in
,
Bids
23
Gross
$88,233v A
'3,341
income
1.751,367
449,727
the order of the Interstate Commerce Commission.
.f'The most strongly judged
objections," the court's order said, "are
those of Andrew W.
Comstock, holder of $80,000 of 5(4% serial bonds,'
f(jr himself .and 3.4 owners of at least $90,000 additional who objected
tp the participation, of the Alleghany Corp. yy,
•>'
"The court now believes that with the
$117,533
116,477
137,365
1,477,850
569,213
■
overruling aU objections, U. S. District Judge George H. Moore
Jan.
1944
$225,598
v
24.745
3,323,349
.
1945
produced
55,649
3,240,261
1,401,876
447,249
<
32,351
3,496,492
1,138,440
income...
oper.
#
59,552
Missouri Pacific RR.—Plan
V-
'
milled—,
ore
Capital;:'.expendxture>:'-ij#;iii;^^iki:-i,-.*iii^2;."-";
Deferred development
p. 3075.
•
v
3,497,607
Deficit.—V. 163, p. 195.
Net
braneh
York.—V. 162,.
Macys-New
by
area
from
Net
Ltd.—Earnings—
Estimated .operating profit
Non-operating revenue
,
charge of New York projects, announced.
be called Macys-Brooklyn, will be the fourth
the
of
Net income'from metals
Buys Site in Brooklyn—
.
157,275
unanimous approval
Development and operating costs
imately $5,000 to $10,000, exclusive of the cost of the land.
The
price quotdd includes: excavation, foundation and basement, con¬
struction and erection, papering and painting the interior, complete
exterior finish, plumbing. and plumbing fixtures, sewer, - forced warm
air furftacci kitchen yange; full'screehs and jelectyic wiring and fixtures.)
,
194?
8281,402
120,415
receive
Quarter Ended Dec. 31
according to an announcement made on Jan.. '31,;
Precision-Built Homes.
Orders are being taken, forSpring, on eight models, ranging in price from approx¬
selling
1943
$281,560
107,689
Commission has
Tons
This corporation,
now
1944
$300,322
railway..!.. 7
railway..^...
December—
(R. II.) Macy & Co., Inc.—Sells Precision-Built Homes
is
lq4S
ry. oper. income...
From Jan. 1—
this
,v
been
$237,392
r
Gross from
"
erection in
'
railway....
railway..*^..,
Net
increase of
.
have
bonds
4%
"226,214
^
from
from
Commerce)
Matachewan Consolidated Mines,
serial
redemption
the
Vv,„'
$585,-
882.
p.
ratio of losses and loss
expense
incurred to premiums earned was - 55.63%,"a decrease from 55.63% in 1944.
The report notes that all securities have been valued in accordance
with the requirements of the National Association of Insurance Com- ■*
missioners and that, on the basis of actual Dec. 31 market
values, total *
assets would have been $36,176,263 and surplus to
policyholders would
have ,been $14,532,364.—V, ? 163, p. 465.
•;
■
for
Missouri Illinois RR.—Earnings—
Gross
$1,856,757 was applied
of $10,000,000.
Net
161,
$1,129,936 over the previous year.
The report states that this gain#
reflects an. increase in premium income well distributed by lines.- The
sihcd'his?%
,
in dividends.
$560,000
for
"December—.v.
:
to create u voluntary reseiwe, leaving I
Including the voluntary reserve, capital ;
$2,000,000 and a reserve for replacement of equipment of $100,000,
the total surplus to policyholders at the end of 1945 was
$13,956,757, •
the highest in .the-company's history.
discharge from the Army
in
March,
1945,
has been
appointed:
Vice-President
of
Mack
Trucks
of
Canada;. Ltd.,
A.
C»
Fetzer,'
Vice-President of that company announced. He took up his new ;
kluties ^ in ;^tha ;Tdfonto,
Ont^jw^dquarter^
where he now
has charge of the company's activities in the Eastern and Maritime
provinces and Manitoba.—V. 163, p. 73.
"
-
of
employees
to
on Feb.
15, 1946 at 100 and interest.
Payment
will' be made at the Mutual Bank & Trust
Co., trustee, St. Louis, Mo.
of
Plains'
White
Corp.,
payment
$1,530,134.—V.
# All of the outstanding first mortgage
to
$1,988,642, -after
was
liability
$144,000;
,
--/;v
net vsurplus
a?
.
the
plus
gain,
on fire equipment, he was
Manager of Mack's fire apparatus division in 1940. His head-'
quarters will be in. Mack's, Long Island City, N. Y., plant,
i
Mr. Middlekamp, came to Mack in Jan., 1945. Manager of Mack's
government- department- at
first,
he
was
made
Manager
of the
company's general bus department in April. He will make his head- '
quarters in the company's general offices in the Empire State building,
in New York City.» ~
4
:
made
Conner,
annual
1945,
Missouri Boiler & Sheet Iron Works, St. Louis, Mo.—
Calls Bonds—
■
as
;
31,
k
•
', \
He
1927.'
,
Truck
.
of
of
Oct.
purchases,
629;-total,
of
stockholders, T. J. Falvey, President, ob¬
serves" that while the gain from underwriting before taxes was
slightly
less, than for the preceding year, there was an Increase in the earn¬
ings from investments and a decrease in Federal income taxes, giving
greater over-all net earnings.
?
Total admitted assets reached a new high of $35,600,655 at the close
of 1945, an increase of $3,843,300 for the year. • The net gain in sur¬
its motor fire apparatus division. John :
Vice-President of the
same
company
in'
Harold
Alexander
Ben
founders
taxes,
year-ended
bond
surplus,
Co., haseffective O
Corp.,
the
company
his
; In
corporation In charge, of
branches
Masonite
reports combined net earnings of $1,429,386 for 1945,
after provision for Federal taxes.on income.' Thes# earnings amounted Y\
to $8.93 per share on the 160,000 shares of stock outstanding and com¬
pared with combined net earnings of $1,327,949 for 1944, equal to
$8.30 per share on the same number of shares.
;;v
'
Mack-International Motor Truck Corp.,
board of directors of two new Vice--
H.
Middlekamp becomes
charge of, the general bus department.
Mr. Beardslee joined the ,Mack Motor
was
made
Manager of
the
Bridgeport,
Qualifying as one of the country's experts
v
Mr.
of
Chairman
Florence -Stove
the
Massachusetts Bonding &. ■ Insurance Co.—An. Report
its
Mack Trucks, Inc.—New Officials of Subsidiary—
.
and
of
McCullough, one of
McCullough has served
in the
then,
time as it
tional
death
the
director
a
P.
-
also, announced;. that R. ;,G. Wallace, who had been*
with
the
company
dnce 1926, retired in Dec., as Executive ViceP_rejsident and Director.—V. 162, p. 2275.
than the sum
less
M;
retired.
who
President; of. the
and
succeeds
directors
The
:
■
,
President
He
director
a
-
,
further
1.
siqce
tqm
presentation
upon
elected
■
Masonite,
wishing to accept this offer may
and surrender of said
Holders
pursuant
{..Eugene ;Holland,; former
been
6%
.
announcement
surrendered
Such,
its
National City Bank of New York, as
St., New York, N. Y.
tures
announced' that* the company*
debentures; (Subordinated),,
25
of
of
payment
debentures at The
Jan,
on
$500,000
payable—trade and sundry, $129,201; ac¬
commissions, taxes, etc., $55,911; Federal and
$4,168; Federal income and excess profits taxes
wages,
$1,072;
reserve
for
workmen's
compensation
claims (for part self-insured), $8,110; reserve for
contingencies, $75,000;
capital stock- (39,591 shares no par), $527,043; earned
Masonite Corp^-rNew President, etc.—
■;v
'
O.
will
payroll
the
Wan
.;
salaries,
State
161, *p. 871.'
Macfadden Publications, Inc.—Offers to Purchase Up
to $500,000
7'.
--LIABILITIES—Accounts
1,0
July
stockholders
The
the
company.,.
The company
of
4 Vz
some
of
,
at
'
.
a
special
'•
meeting
cents a share
Jan".
have
voted
to
dissolve
.
a
final liquidating dividend
will'be paid late in Feb.
2000 stockholders
22
f
stated that it anticipated
failed to
advise
address, which has contributed to
unclaimed dividends.—V. 162, p. 2821.
the
It
the
added
however
company
/
that
of changes
accumulation
of
some
*
THE COMMERCIAL & FINANCIAL CHRONICLE
656
•
"
Mutual'Investment Fund, Inc.—Earnings—•
'
National Dairy Products Corp.—Listing of 2%% Debs. ;
.
ENDED DEC.
YEAR
STATEMENT
INCOME
Dividend: income
Expenses
$50,000,000
12,270
to
25
$28,563
the- year as
Sundry receipts
(net)
//"■
'
1945
^
*
1
*
1944
/
/
.
$3,033,023 ' $2,791,731:
68,981
67,233
1 j
.*
1943
$3,174,728
59,477
Corp^—May Offer Rights
$3,102,003
.
$2,858,963
$3,234,205
363.083,, ' .339,098"
are
the
right
-
-
Management Co. an aggregate of $10,086
remuneration for management and as disbursing
paid the Mutual
The Fund
Years Ended Sept.
30—:'/:/./;/::/''
Net operating profits__
.
■
profit or loss on sale- of securities.
of
(Including Canadian subsidiaries)
//
Deprecation of plant & equipment
1587,523,
reported to be contemplating a plan of offering
Adjust, of provision for exchange
to subscribe to additional shares to provide
depreciation, Canadian subs,—/."J
——-|l ; ——— '
Cr302
♦Fed. and Can. inc. & exc. profits
.additional-working- capital.
It is said that details have hot been finally determined, but that /
taxes
1,611,049 "
1,585,090 ' 1,869,128
about $20,000,000/ in new funds is believed to be: the objective, to
be used for retiring long-term bank loans and for working capital
Net income
——$903,432
$910,790 t$l,026,281
to increast
inventories
and
finance growing
Dividends on capital ;stock__„—. "
sales volume.
336,680 > /' 536,680/ : 536,660
The company has 2,280,275 shares of capital stock outstanding.
Shares of capital stock ($10 par)__
268,340
268,340
268 340
There aie $18,000,000 longterm bank loans
outstanding and it is
Earnings per share—,
$3,36
$3.39
: $3.82
understood
to
be
the
policy of the management to clear up all •
♦After deducting post-war refund: 1945, $17,732;.
i944, $134,252 apdl
debt, leaving only the capital stock outstanding.—V. 162, p. 2275.
1943, $167,502. (Before'
directors
stockholders
915
available for distribution--J-w.
of net -income
Stockholders—
The
188
.
during
of
of
'V.^3 'i
140
.
"Exclusive
Stock Exchange-' has 1 .authorized;-the listing
2%'/«» debentures due 1970,-r-V, 162, p. 3196.
National Distillers Product^
$29,830
before -taxes-—
Maryland franchise tax
—-—ii
iSr* \> /New Jersey franchise tax—.—-T-——.--r-,
——;/■
Capital stock tax—
——----*/•:••
Provision for. Federal income taxe8T^w*r-^T-»»---^-^-riir
y.
I" ""Balance
York *
New
v
—
—
Remainder
The
$42,101
V'
—•*—^—
National-Standard Co. (& Subs.)—Earnings-4-V -■;
J
'
'
;
1945
31,
Monday, February 4, 1946
,
•
—
voted by the directors was paid on
Jan
i5
1946
Three prior dividends of -100 each were -paid during
1945
bringing total distributions to 45? per share.
The asset value of the shares appreciated from $12.08 at
the be¬
dividend
15^
of
share
per
of 36 %*.
ginning of the year to $16.44, a gain;
BALANCE
'
,
DEC. 31,
SHEET,
:
.
^
renegotiation
National
,,
LIABILITIES—Accrued
tal
,,
distribution,
accrued
$1,397;
expenses,
additional
notice
income,
undistributed
$9,-
\||
1946,
21,
■. was
10,C00
of
.1945
1944
$519,166
$0.12
of
1942
1943
i '
|„
' '
'
'
of
'
-
1
•
such
rnd
each
sales to
finished
6f
volume
and
cars
the end
by
may- be
as
with
?promised January deliveries*to
The
quarter is believed
though much
for
stock
on
share
1
of
basis
a
consumers.'
smooth-running; efficiency
factory,
The
immediate
difficulties
in
price of the AVa^
shares
the
Since
the
of
exchange under. the
on March 1, .1946.
,*
/
material
of
operations
Net
old
offer
foregoing
_
„
Gross
from railway„__
from
Net
-
flow
from
Gross
Net
from
Net
ry.
of
material,
1944
the
operating
Social
$3,452,503
517,007
329,745
172,204
$1,457,961
3,51T
$4461,478'
»
139,156
-
railway
37,629,499
42,609,753
2.380,477
10,342,625
3,179,777
.
3,698,204
%
$1,322,322
;
Federal
$1,443,292
251,757
428,215
and surtax—
normal
5,083,496
Federal excess profits tax^^
Post-war refund'
$1,900,256
258,743
448,481
417,014
Cash
Inc.—Listing of Additional Common
.'BALANCE SHEET,
The
York
New
100,000
dividend
15
(in
stock
stock
a
authorized
has
stock
common
in
connection
split-up of 6
Dec. 29. making
date 620,850 shares.
to
be
will
account the1 sum
transferred
(par $1
with
record
for
there
issued
so
of
issuance
effect,
applied
Exchange
shares
of
holders' of
to
stock
Stock
additional
official notice
AUG.
the
listing
share)
per
payment of
shares
for
the total
5)
payable
shares
of
of
173,685
?
'
■
-
.
'
•
.
Service
Fixed
'/EARNINGS
s
'*
Operating
Total
1945—Month—1944
$226,629 -, $259,276
324,607
252,396
-revenue
expen$es^_
oper.
$1,569,455
Notes
1,054,782
•
Net
ioss.i./
oper.
.544
'
-
Gross loss -?•;
Deductions
:
$98,578
income
*$6,886
$98,034
from income
$118,338
4,257
2,454
*$7,041
1,833
$114,082
725,791
U2"
1,792,451
ir
;l
"
Net" loss
*$99,867
2821.
National Container
*
*$7,041
$119,397
$6,850
payable
Stock-r-
mon
to
The New York Stock
additional,
shares
of
thereof
stock
($1
par)
official
upon
notice
dividend, and 11,796 additional shares
of common stock
($1 par) which may be required for the
conversion
of the 43i% cumulative convertible preferred stock
(par $25),
the
total
rnunbei
shares
of
listed
•I'
and
See-Tide
applied for 873,726 shares.
At a meeting of the board of directors held Dec. 6, 1945, resolutions
were
adopted authorizing the issuance of a stock dividend to the
/'/.
...
holders of
for
each
for
shares
issuance
that
the
,«to k
said
record
as
stock
a
the
from
for
$10,625
per
dividend
earned
dend.
;
is
per
dividend
shall
of
share
is
to
shares
be
surplus
issued
dividend of
stock,
ments
cents'
par
in
$1.
1945
stock
common
holders
to
be
each
/
of
The
18
provide
payable
were
as
per
March
to
the
of
the
to
the
stock
issuance
stock
The
issued
of
the
sum
as
a
stock
$1
of
Stock'
from
account
of
account
value
par
the
'
462.400
;/'/'
record
the
on
<The
Oil
1
v;/-I
147,
>
i
"
i
r
"
>
-
,
'
.
New Yorh
of
On
13
On
6
cents.'
t
declared
the
Series Shares.
cents:
the
/-. ■■/;
Stock
Series
$8,011,576
holders
March
10,
'
divi¬
/
of
record
June
11
The
Feb.
and
•
the
common
20.
Sept.
Pav-
10,
20
♦236,701
151,821
2,191,860
121,140
9.940,683
.10,032,434
,0.596,003
3,841,479
2,383,232
__
5.C54.022
6,283,912
4,309,795
985,298
Mav
15.-7
p'.
183,
directors
29
cents
to
holders
per
of
2,763,028
'
•
/'■
income .before providing for depreciation
$20,398
1
•
'*
4
'
"
'
during the. calendar .'year
cents:
'
315/
Feb.
-
-
shares:
'
14
and general
mortgage bonds, $4,548,600; second '
cents;
On
to
; v
on
share
'
and Nov.
initial
an
'
3
'
Jan.
record
28
the
Feb.
declared
common
,
14.
and
a
*'
'
'k.
'*
31—; 1945—Month—1944 *
'*■
25
cents
in
1945
extra;
were
and
June
•
as
follows: /.-
1; Sept.
"
income
and
-
5,413,411 *
>
8,192,671 '
/" '/
ex-
1945—12 Mos.—1944
4
S
w ' '
*' $
* 2
$
-
■/ '/ /:-
■
85,567,129/100,4581548
--v:;
profits fax
0655,000,
1,278.000 Cr7,519.709
railway taxes_^_i
;/ 348.2P3 /
334 532
4.095.046
Net operating income—
♦54,135
847,822
12,402.778
Net income •_—_—...;i//y*177,569
652,813
8,083.229
V cess
•
Sink.
Ids; & other appr.
•Balance
to
surplus_^
♦Deficit.—V.
regular quarterly dividend of
par $10, payable March 2/
Payments
•
S.
New-York'. Chicago & St. Louis RR.—Earnings-
83.333
?
■
stock,
quarterlies of 15-cents each.—Y,; 163, p. 315.
u
.
1/r,
New
|/♦260,902
163, p. 315.
York
New Rav6n
.
/ 652,813
7,324,8)6 /
"
+
&
.758,333
-
-18.739.000/
4.434.Q15
11,290.714
7,225.624
<
of
Co.,,Chicago—Larger Dividend—
on
;
Other
15,
U.
be
period End. Dec.
''' ^
Federal
cents;
Nov.
current
applied to cost of restoring Travers island prooertr,
$3,150; reserves for appropriations, $13,917; unearned income, $150,906;
deficit, $290,057^-total, $5,606,805.^V. 161, 'p,
Navy
Gross ;incomeVi'_^i.._/.
cents;. April '26,
16
•
-•
■
'!LIABILITIES-i-First
;
v
'
15.
; ""$141
*
April 26, a special
15. 15 cents; and Nov. 15, 9 cents.-/
Aug.
Series
18
90,972
32,246
/
1945
1356,_ /,,.
td
Selected
the
on
45,486
on
ASSETS—Clubhouse property and equipment, $5,057,819; trust funds
(contra), $46,484; cash and accounts receivable, $343,713;. inventories
of stores
and
supplies,
$129,087; prepaid expenses, $29,701;
total,
.
^
f
payable" Feb.," .15
cents; and
'
90.972
first and geri. mtge. bonds-."
$5,606,805.
*
*
mortgage bonds at
annura__.._./w...^
BALANCE SHEET, NOV. 30.
1496e
p.
1944
,
mortgage
bonds,
$917,000;
trust
funds
(contra),& $46,484;
and
acerued
liabilities, - $216,803;
payment
received
from
^
.
March'-1. "15 cents nuarterlv
and Dec, 1,
3,605,229
•#;
Athletic Club—Annual Report—
♦Deficit.
Preferred Stock Series shares,
14
per
Net
.
/
on
350.877
6.743,147
general
2%
Additional int.:
>
.
-
declared
$676,480
812.359
,
I;
:
^>-t
;
shares:
Selected. Group
cents.—V.
1942
$1,189,291
548.039
INCOME. ACCOUNT FOR YEARS^ ENDED NOV. 30
3,351,848
r; —j.r,,r
I
Preferred Stock .Series shares:, Feb.-15.
of 16 cents; May 15, 10 cents; Aug. 15,
the
1943
$895,252
♦287,914
income...
oper.
-Earnings-
1944
$762 602
City Bank Farmers Trust Co., New York, N. Y., has been
appointed transfer agent and;; The. Na'Tnal City Bank.: of -New.
as
registrar for the 4,4%
cumulative
preferreed stock.—See
offering in
464,013
' ■■/
Co., below.—V.
have,, been
3.1:
Jan.
Stock
15. 15 cents.
On
I'1945'JI
.
-
special
/
■tWSA'ti-'
York
•
lollowing /distributions .'were. made
On the
a
1,413,966
from
439.900
464.013
.
.
'
following /dividends
cents;
G.845.029
1,709,465
1945
-
,
i
1945.
1946.
issued
'
Associated
.National Tea
-
,
each; and Dw.v 10, 25 vceiVts^—V. 162, p. 3077.
15,
stock
*-
.7,737,327
1,196,002
Newport Industries, Inc.—Registrar, Etc., Appointed—
899,897
2,172,631
......
'
5.595.37Q
1,039,710
-
/'v/,./-.
4
11
Jan,
on
capital
surplus
share, has been
follows:
the
.
dividend/
common
paid-in
of
Water
Group Series shares,
stock
common
'
,
'
*
4,852,326
The
318,036
$7,977,757
*-
-
■///
stockholders of
the
upon
Delivery
common
,1
reserve
,
of
stock
a
;;>>.
cents
1945.
representing
as
the
to
•••
25
20.
share
credited
account,
issued
credited
Dec.
on
25-Cent Distribution—
A
to
,
158.937
11.851.397
34
/National Securities & Research Corp.—Dividends—
stock
common
resolution's .'further
dividend, will be made
for
account, by-reason
.y
•
of
The
share for each share of
to
share of
one
•
be
business
surplus
the
of
shares
stock'.
to the stock
earned
each
of
*
>
$1
of
sum
additional
preferred
close
shares, pursuant
The
stock
common
dividend
the
st
the
thereof, and authorizing the corporation
11.796
conversion-of
of
of
shares
10
k
136,786
14.521.232
;V/^3^|)||!
5,700
2,172,831
tNational Pumps Corp.—Acquisition—
making
/
.
'•
651.301
Income from dues, etc.
;
$502,732
$413,222
18,200
Total operating expenses, etc..
345,877 '
253,407
40,763
Provision
for
appropriations?—36,733
58,555// Int. on first and
35,707 "
■
—.I
f 'v;'
1942 ;?
$1,108,330
413.342
3,150
.717-
surplus '"i/————3,443,205
—V. 162, p. 2646.
of
stock
*
a
1943
446,883
♦peficit.—V. 163, p. 74.
$237,949 /
/
2,066
(par $1)__^___—.
Total'.—
Exchange has. authorized the listing of 67G33
common
as
1944
163, p. 74;.
Net from railway....
Net ry.-, cper. income.
:
*'
issuance
RR.—Earnings—
101,457
income..
oper.
Net ry.
$8,011,576
58,705
—
Earned
^
12.802.210
railway..__
Net from railway.
480,791 •*
400,000
—a*
Ccmmon stock
Com¬
'
<
- 194G>was
65,«
week last year.*
$875.230'' $1,371,166
New Orleans Texas & Mexico
Ry.
.
$7 pumulative preferred stock--—
$5
preferred stock.—
Corp.—Listing of Additional
corresponding
?
Reserve for social security &
withholding taxes
71,676
Dividends payable
—203,433
Income taxes—Federal and State——
—462,572'
Deferred accounts payablo^-^U---——
2,100
8
•
269,618 /
/
-
—$7,977,757
—
-
11,658,120
railway
railway-
December—
189,373 ?
Business
$0,842
5,314
—.
ry.
-1,467,008 M
1,671,299
salaries, wages and professional fees—
employees.—,
purchase accounts
^
Accrued taxes—ad yalorem an<1 other,Due
$9,236
154
'•
the
1—
front
/[♦Deficit.—'sr.
15,384
493,131
Accounts payable$198,532
$1,045,485
1,687.793,
Net
/: 1,995,989 ?/
f' yif
Total
Jan.
from
M 1,423,679
;
routes, etc——"
111 LIABILITIES—
1945—5 Mos,—1944
under
$756,918
26,341
♦11,115
income...
oper.
Net
2,120,978
/
;
ry.
railway.—_
railway
—1
from
From
1944
253,962
'/
...i.'
•
Associationr-Output—
a decrease of 5.62%»
the-week ended Jan.!49,
1945
from
Gross
:
8,450 ': /
Accrued
Other
Gross
Net
211,859
—•
(net)-——
Jah/27,^1945,
//'December—
116,131.
Gross
•
—
equipment
,ir'
A.,
FOR NOV. AND FIVE MONTHS
Period End. Nov; 30—
'
370,840
assets
Ti-ade
:
and not later than June/
Association—Weekly Output—
comparable figure for
a decrease of 2.11%
—V. 163,, p. 467.
$867,424
169,900 '
' 541,349
••
1949,
reports number of kilowatt hours available for the
1946, as 63,299,589, compared with 67,072,260 for
$697,5461 $1,056,874^
From Jan. 1—r
342,868 ?
356;191
Gross from railway../..
23,332
15,919
'
Investments
<•>/- ■v
•
;_T„.T
Y€fceivable---salesi.f.v«.U--i-^-.^-:-^--/
Deferred.-—
Jan.
common
respect to each shaTe
capital - surplus t©> capital
30.
26,
686,673,
Cr.15,635 /
! 46.232 !
*
1945
/Miscellaneous assets
Jan.
//The
-
657,987
626,418
Inventories
upon
stock
a
With
from
of $i*---
the
than June
179,657,000 cu. ft •
ft., or 1.64% above production of 176,754,.:
corresponding week a year ago.—V, 163, p. 466,•
Association
ended
the week .ended
•
31 '
"Due from/Linen Service Corp. of 'Texas
Due from United Lineft
Supply Co.
"
.
The
465,897
$783,318
—
Accounts
not earlier
increase of 2,903,000 cu.
week
168,806
34,402
ASSETS—
Stock—
not
mature
New England Power
/
$2,190,711
€741,701/
—
5,702,913
'
will held a public
a petition of this
company for approval of an
$1,000,000 of notes.
These notes will bear inter¬
to exceed 2V4%
to be dated prior to Dec. 31
1946
000 cu. It., in the
$2^074,580./
.
taxes *
95,083 >
.«
•
profits
Department ot Public Utilities
New England Gas & Electric
an
*
$2,169,663
$1,820,537
79/719-
120,970
Other deductions
1942
.
-
National Airlines,
to
Net
7^
♦Deficit;—V.; 163, P.
rate
a
New Orleans & Northeastern
'
*
Total other income___/:
excess
for
For the week ended Jan. 25, this. Association
reports electric output
13,155,459 kwh. This is a decrease of 72,842 kwh, or 0.55% beiow
production of 13,228,301 kwh. for the.
corresponding week a year ago.
Gas output for the Jan. 25
week, Is reported at
-
$2,168,095
1,568
;
and
$882,667; "
expenses,
of
1943
$1,956,970
:136,433
income
-
-
to
--7,574189
$1,945,026
11,943
.
Canadian
*
..$9,742,284
8,316,076
>
payable^and/accrued
<
and
30, 1950. .They are to be issued for the purpose of
paying for necessary additions and betterments to plant and
propeity.—V. 162, p. 2647.
,f
1944
1945
8,589,575
expensesv--—-—
$3,698,519
$3,301,532is
*
1,506,811
1,546,780
^Efcate Income' taxes^
■
32,801
586,072 1 ; 586,749
:
-Profit"fo^ 'period——I-$730,519
42,284,020 30,928.868
Preferred dividends
174,685
15,824,960
11,266,081
jCommon
dividends
464,013 v
r<
railway
,■
income—
'
.
26, 1926, plus subsequent!
depreciation ($3,012,222) and
($832,352), $2,646,878; detrademarks, after amortization,-
States
YEARS ENDED AUG. 31
Security taxes—"
"•'profit
statement
1943
"5,192,273
oper,
„
Feb.
for
facilities
emergency
goodwill, $1; total, $7,670,976.
Massachusetts
at
and
-
1945
I
est
plug
redemption
sale3/-_--l-l-->^_T_-._- $10,047,537 $10,262,003
Total- profit
,
by
difficulties
and
potentialparts,/and normal operations
again. a normal functioning of in-.;,
$2,429,650
railway
Net. ry. oper. income
From Jan. 1—
*>
•
/-
for
,called
,
/"Operating profit
——I-Unadj. difference in manuf'g units
Nashville Chattanooga & St. LouisRy.—Earnings-
be
will
.
Totals
.
The
pre- ;
committed
not
appraised
provisions
on Feb.. 5 on
ifisue of not exceeding
"
\
stock
,
$108,206; investment in Eng-•
owned), not consolidated, $93,624;
po.icies, $137,146; post-war re¬
taxes, $53,771; property, plant, and'
profits
as
after
Federal
hearing,
•
•
preferred
-
.NewBedford Gas & Edison Light
Co.—Plans Issuance
of $1,000,000 Notes—
and
cannot be expected until there is
dustry and a steady and reliable
.said.—V. 162, p. 2049,
.
December—
old
stock,
the-offering price to the public has not- yet been fixed, theft
by the company is hot presently determinable.
service
Total
distribution. ;
and
the
of
preferred
$701
Treasury notes, tax series "C" of $1,468,012),
contingencies, investment in English subsidiary, '
$93,624; capital stock ($10
par), $2,683,400; earned surplus, $3,812,-'
886;-, total, $7,670,976.—-V. 161, p. 570.
'
,
preferred stock plus accrued
way. in
,
share
1
for
reserve
and
net amount to be received
is .clouded
future
securing
.
,,
of
convertible
4 Ms %
receivable,
insurance
^13,365» Patents and
United
.
the board of directors, such
presently contemplate^.
^
.
to encompass most of the' reconversion
remains to be done in reaching a satis¬
'expenditures,
designation
life
excess
of
$34,974;
provision
eqUal to the difference between $105, the call price
preferred stock, plus, accrued dividends thereon, and the
old
of
All
quarter, and during December,
being made in quantities which
and distributors were
dealers
under
was
serial
such
of
LIABZLITXES—Accounts
,
thereof;
fraction
any
fno'iot-
;
determined by
INCOME STATEMENT,
refrigerators
the
of
4Vs'/o
*
se*
based"
other expenses,
value
cost,
amortization
$98,186,
of 3 shares
convertible
rate
of
for
value
sound
at
accounts
'
1945
marketable '
valuation
(approximately 74%
Canadian
equipment,
additions
the. second,
for
the
20,009 shares of non-convertible pre-
of
and
1
Production
stock
at
share
shares or
10,000
series
preferred
»
■
third
for
of
customers'
to
receivable, $36,069; amounts recoverable from//
$293,377; inventories, $2,405,167; prepaid/'
premiums and
surrender
fund
reduce
to
Government:
subsidiary
cash
payment
the
'
substantial
lish
1
preferred
.
thereof,
exchange
convertible
dividends thereon from Oct. I, 1945.
the company says:
/// The current
period,
which constituted i the first quarter
of the
corporation's fiscal year, covered the bulk of the reconversion prob¬
lems and expenses.. Plants, were largely reconverted and rehabilitated/and revamped for peacetime production.
Introductory advertising has
completed.•
in
however, not being
offering
statement issued .by
been
/r
OF SEPT.. 30,
hand! $739,429;
on
$25,079,
$407,134;
accounts
SHEET AS
and
after .reserve,
quotations,
States
insurance
;-S-i^
in
stock
cash
a
NOTE—Operation for 1944 are subject to-1944 Income tax regular
-.tions, while the tax base of the comparable quarter pf 1943 was com¬
puted under 1943 regulations.
A
each
(par $1)
in; banks
cost,
sundry
United
all
ferred
/
/
convertible
fraction
any
for. the
rights
convertible
tOn 4,291,202 common
law.
stock
common
at
market
835;
r
-
$654,931$0.15
$0.25
$2,316,000 estimated recoveries due
//tax
?
presently outstanding $5 and $7 cumulative preferred stock
and the part payment of. bank loans.
The holders of the presently
outstanding /old preferred stock / will be offered • the opportunity .to
exchange their shares of old preferred stock for shares of 4Mi'% /'
depreciation, interest and Federal income and-excess profits
shares outstanding.. (Loss after creditto carryback features of the
♦After
taxes.
Ing
v,
The purpose of the issuance of the 4 Mi % convertible preferred stock
the use of the
proceeds of the sale thereof for the redemption
is
$1,060,261
of AVa%
or
stock
dividend
Assistant
(& Subs.)—Earnings—
$$638,857
Nil
3Mos. End.-Dec. 31—
1share—
Miller,
G.
M,
approved amendments to the certificate
13) Authorized the issuance
ferrcd
issuance,
Nash-Kelvinator Corp.
"Net profit
(Earnings per
and
Secretary;
curities,
;
on
Nov. 9
on
stock
stock
'
and
following officers: J. C. Myers, President; Curtiss Ginn.
& General Manager; F. E. Myers, II, Second
Vice-President & Office Manager; F. B. Kellogg, Secretary-Treasurer; >
Vice-President
E.
Johnson,
Assistant
Treasurer.-—V. 163, p. 74.
share
shares
common
preferred
electing the
A.
each
for
v
First
584,013 Shares of common stock
ASSETS—Cash
Provided for the issuance of 30,000 shares of 4 Ms r/v convertible
preferred stpek <por ;$lju;j cunv(trtibie into shares of common stock
at the lute of 5 shares of- common stock in exchange-fori each; share/
of 4 Ms '!c convertible preferred stock for the first 10,000 shares or any
fraction thereof, at the rate of 4 shares oi common stock in exchange
adopted fixing the number of . directors of the
company, at nine and the following directors were elected: J. C. Myers,
:G
P.
Gongwer, Curtiss Ginn, Jr., F. E. Myers,- II, W. B. Kellogg,
C
D
Leiter, T. W. Miller, Jr.. J. C. Frentz and F. B. Kellogg.
immediately after the stockholders/ meetingy the
newly - elected
directors met and organized the new board and passed a resolution
Jr
of
(2)
stockholders held on Jan.
anndah meeting of- the
resolution
CONSOLIDATED BALANCE
of
a" total
tD ; Increased the nuinber of shares of
from. 500.000 to .750,000;
'
basis.)
of 120,000
$1) per share upon official
the
4V2V0
convertible preferred
(par
,
Elected—
(F. E.) Myers & Bro. Co.—Personnel
At' the
a
stock
conversion
on
making
The stockholders
.
V
v:
'
.
common
of incorporation as-follows;1,
tota}5 $699,179.—
$916;
issuance
(par $100);
applied for.
redemptions payable, $827; reserve for Federal taxes, $1,044; capi¬
$62,136; paid-in surplus, $883,924; security profit and-loss
J>r$260,385;
"V. 162, P. 2019.
of
of
stock
($1 oar),
account,
shares
which was completed in
1944 ■
This figure was reduced to $886,027 or
$3.30 per share by such trans-/
action. (Includes amortization of
emergency facilities (including $219220 to increase normal amortization
charge lrf respect of emergency /
facilities
to accelerated
Corp.—Listing of Additional
The New York Stock Exchange has authorized the listing
.
owned end. heid by custodian ;(market value,
$1 0°6 300) cost
$690,205; cash in hands of custodian, $6,221; accrued
dividends receivable, $2,423; deferred charges, $329; total, $699,179.
/' ASSETS—Securities
320;
Service
Common Stock—
1945
*
3
Linen
/
—
7,225,924
I
Hartford RR,—Establishes"
New
Department—
'
'/ Creation of a new Department- of Merchandise Traffic and appointtj
^•Volume 163
numt of Colonel
THE COMMERCIAL & FINANCIAL CHRONICLE
Number. 4461
J.
Cunningham as Manager of Merchandise Traffic
A.
ing .of stockholders held on Jan. 21.
during 1945.
' "
of $8,800,000
announced on Jan/ 29; by -Frank J. Wall, Vice-President/ v■:
Dealing with all phases of.merchandise .traffic moving. <Jh less'than
carload lots, the new department will have/its headquartors .in South
Station, Boston, Mass.
• ^
.
■'/ t
' ;
1
"
V'.v
.V
Establishment of the new department is another step
in The
New Haven Railroad's extensive postwar program to provide efficient
transportation services for New England shippers and passengers.
In Dec. T934; Colonel Cunnningham/was appointed Traffic Develop--;
.were
,
until
Agent of The New Haven, the position he held
recalled to military service iii 'the summer 'of >1941./t-Y.
he
;/
total
a
Omaha &
:
*
The
Sales
X
during October and November, the first two months of the
company's current fiscal year, were termed "very good"-by Mr. White¬
head.
Total dollar volume was $1,881,917, compared with $1,175,884
•during the corresponding 1944 period—
,
ment
This would compare with
,
657
New
tire
for
over
was
tube
or
added
that
if
the
its present backlog
163, p. 316. • -X^
order,
at
receive another
be sufficient to "tide us
compaay-did- not
will
163,Vl)/ 3|5;//:
Leased
(Including All
Period End. Dec. 31—
£\\/,
oper."
Net
Net
ry.-
,™_
49,944,321
20,306,058
.".
4,252,415
1,936,430
Income
v4
>
•■'
;•
'
'.
».'•
■■
•
par
in
and
called
dividends
Total
•
for
re¬
7%
the
for
;■/
1,243,581
183,483
: 6,188,845
471,370
70,250,379
3,247,039
3,573,536
44,075,835
85,787,510
3,309,770
46,187,801
Z2,186,041 / 2,137,939
24,412,525
35,789,939
-V.
1945
1944
1943
$5,428,523
4,452,763
$5,431,086
4,369,117
$975,760
$1,061,969
\ 13,944 V/v/14,026
5,631
/
income_^.u_;/.;i.l,L^ii;b;-
Gross'
% 1
'
'
*
-
income—/.
162,
of
account
50,933,112
of accruals for prior months. *~
adjustment,
163, p. 75.
-
'
Net
Co.~Earnings
from'
1945
$1,067,600
422,625
|j 446,857
The
Quarter Enclec.-
March31—
June
-1
$133,346
September
119,120
$598,431
$542,929
$644,975
1,29
0.80
1.10
"$534,922
$4.10
deducting
Including
charges,
all
taxes.
1
SOURCES
OF
^
$505,999
71,130
"170,989
13,598
*215;013
6.157,681
6,170.663
Profit
on
912,880
1,245,682
1,182,724
1,525,063
232,859
623,679
574,802
1,038,295
-
1943
'1942 \
-
'
176,940
from
Profit
\
$435,309
$647,715
American
40,098
18,532
17,821
$760,342
$534,922
;
i..^™
——
Ohio Leather Co.
63,426
™—
—
Total
Other
December—
Gross
Net
from
$441,823
"112,064
*272,080
From Jan. 1—
Gross
•
1942
$655,855
$559,910
from
Federal
6
16,084
8,686,801
1,121,482
1,029,293
*989,091
209,091
profit
preferred dividends
2nd preferred dividends
7,441,395
329.246
Net
"22,146
200,030
from
v.-
'*
/
—
Common
shares
Not
from
>
'
•
1944
1943
$403,448
$486,981
$481,697
103,751
30.208
183,914
223,012
144,370
72,459
£8,664
4,448,548
5.659.350
5.793,870
4,430,670
1.669,826
601,705/'
"
2,450,813
910,185
2.662,582
1.889,313
1,089,269
916,410
1945
$3Jo.346
„
railway-
railway——
oper. income.—
from
Net
ry.
1942
-
from
Net
from
Net
ry.
—V.
railway—
railway—
income.,*
75.
"
oper.
163.
p.
■'■
stockholders
Feb.
20
with
90,099
December—.
outstanding——-
interest
BALANCE
Net
Net
ry.
railwayrailway
from
taxes
or
SHEET,
OCT.
31,
$1.98
"
Income-—
oper.
from
Gross
Net
from
Net
ry.
154,372
*105,800
163,
1-^ 5,513
,
8,221,894
1,757,384
8,377,575
due
£43.296
/
Norfolk & Western
Period End. Dec.31—
$
Railway
operating
operating
Railway
Net
payable,
within
land
.
re¬
(net),
ing
Prov.
d'btful
for
taxes
Other
,Cash
,j>ajd—101,948
dividends
10,685,875
12.598,636
144,863 ,518
159,599,035
*16,020,871
7.276,093
98,924, 453
89,712,834
"5,334.996
5,322.543
45,939, 065
accruals—
$5,336,471
,3,700,661
32,637, 865
1,621,882
13,301, 200
164
Joint
jDT9,779
Dr215, 947
854,269
2,268,606
22,767, 417
25,943,534
rents
oper,
Income
229,290
fund,
on
596.482
.1,083,565
172,920
2,865,088
176,136
————
Gross. Income
Interest
convertible preferred stock, junior to the
then outstanding.
The shareholders
debt-
Cf9,682,
69,886,201
rights
on
the
terms
and
shares
40,000
of
stock
common
8'/r
7%
out
51,675,032
method)
2,872, 271
'25,639, 688
6,917,621
2,106, 008
of
the
newly
authorized
57e
reserves
Sinkg.
-/
^
funds
910.645
ap.
77,473
appropriations-
Crl,550,000
&
Miscel.
2,688,951
.
30,747,521
res.
Balance
of
•Deficit.
incojne_—
4;Includes
51,336
2,383,172
balance
854,756
'■■'ii.-i:
Gross
632,038
590,482
■
7,930,482
2,047,133
of .unaccrued
22,678,923
amortization
.
$129,988
on
amounting to $6,100,000.—V.
-
44.835
81,796
.
A. special meeting of the stockholders
consider
to
approval of the
Airlines Corp.
vania-Ccntral
has
also
IV
been
must
approved
have
merger
has
of
on
been called for
this
the
(net)'
Reserve
■■'
.
;
the
share
and. the
capital
stock,
Feb;
14.
—V;
162.
Jan. 28 declared
usual
par
Like
semi-annual
$12.50,
amounts
both
were
an
Net profit
dividend of
on
Feb.
$1.59
21
zi
ncr
-«h<t*>o
to holders
ana
.xug.
the
a»,
ij-m.
•
/
Eiectric output of this
totaled
49.195,000
kwh.,
company for the week ended Jan.; 26, 1946,
compared with 47,460,000 kwh., for the
as
corresponding 4week last year,
an
.ipo/ease' of a.T^.—iV.p ieJ,
p.
.
467.
;
-
,
979,559
—31,526
226,647
i li":
'
188,182
188,182
808,778
762,807
$3,092,563
—
1
r
321,257
:
$96,887
'^
*'
■
'
I'
v. '
•;
earnings
Divs.
1,136,940 /
*1 223 514
^
$1 047 flfil
30,109 •'
dividends
$1,193,405
to Dec.
1945.
31,
31,
$226,647;
1944
but
not :
allied
.t$30,626
$130,314
,
V-;|, Of
,v
■
7-1
/.
7,039,658
t$45;533
^$743,701
.
/
7,524
158
17,507
,
Gross
Charges
.
;
8,645
.
V
21,024
;- *
V
17,513
62,710
j
to
'
income——
taxes—
chgs.
•Adjusted,
53,600
$91,953
$27,916
f$14,403
$91,053
$27,916
929
45,625
'
5,774
-
34,295
I OOO
:
^
share__
for deprcc.
tlx ss.
V Nil
$34,593
298,976
27,130
$449,948
$0.56
$0.17
$2.73
$31,163
$136,911
$124,710
/
MAfter charges for depletion and
depreciation.
Is required for Federal excess profits tax/ For
ended Dec. 31; 1944, a reduction of the indicated tax
liability will occur in the event that the company's position in respect
tcr certain: tax deductions is approved- by the Treasury Department.—*
•V. 162, p. 2398.
• / \
«
•. (
-NOTE—No provision
<
$810,350
=
prior years.
Earned per cap.
JAfter
$146,483
Cr300
'//
Income
Net income
..
$34,689
t$12,962
1,741
t$ 14,403
income
..f'
p
6,436,147
cos.
Prov. for income
Depl. chgs.
1945
common
r.%.
*
V'-'
-
$7,783,359
$6,390,614'
$1,807,409
1,677,096
'
$1,126,627 ;
stock of no par (outstanding 60718
shares), $615,600/ surplus, $577,806; total; $1,447,889.—V. 161, p. 571.
taxes,
K V'v'p
1945—12 Mos.—"1944
1945—3 Mos.—1944
under'leasehold
Sundry income
■
/- BALANCE SHEET, DEC.
(
that
see
'
'
;
*120,436
•
declared prior
» j
l
1,437,575
$1,406,948
—
,
from
oper.
■:' >'
^f 76ar_/,__
Corp.,
' -
•
$110,123
:
1,126,627
f
Udylite
The
i
v
/Operating exp.' &; taxes/'
ASSETS—Cash, $160,847; U. S. Govt, bonds (at cost' plus accrued
interest), $330,717; customers' accounts, $185,927; inventories—physi¬
cal—raw materials including silver and alloy steel, goods in process
and supplies—at lower of cost or market, $525,829; patents, $1; land,
$20,068: buildings, machin. & equipt. (alter reserves for depreciation
of $332,042), $240,661; deferred assets (unexpired insurance), $3,907;
total, $1,447,889.
,
/' . ,v
Federal
8,000
332,722
(Including Wholly Owned Subsidiaries)
33,780
1; LIABILITIES—-Accounts payable and accrued wages, $17,082; accrued
taxes-^-property, social security and gross income, $10,754; reserve for
:
24,082
332.722
balance sheet of
162, p. 2398.'
Period End. Dec. 31—
Gross
999.939
.
tNet
^orwalk Tire & Rubber Co.-r-Outlook—
The company is'"aiming at $10,000,000 of sales during the current
fiscal year,'.' John W. Whitehead, President, stated at the annual meet.
$30,109
.
;
705,496
6,000.
™™
Pennsylvania Coal & Coke Corp^Earnings^,./;/
expense™
taxes——
stock and Surplusr-end
paid until Jan. 5,
Northern-States Power Co. (Dei.)-—Weekly Output--
L>
$1,334,619
commercial
for year—
•
p.. 572.
>
765,275
------
V < y. /
:
record
of
•
690,289
•
,
corporation below.—V.
I • 1944./'
$1;465,099
1vs
"Includes
"
$3oo;ooo
$2,301,925
and
earnings
•For
302,411
\
Commoir stock and surplus—begin, of year J™
Tct^,?*1
extra dividend of 50 cents per
payable Feb.
paid
-
390,313
:
Federal
"k■'••i.-
on
.1/
281,954
Total
;
714,257
870,476
>
278,254
1945
—
for
Common
'/sr.,
______
after Dec. 31, '45
(issued and out-
standing 135,931 shares)
Capital surplus
Earned surplus T™~™-.,—-—
1,330,759
1,578,898
875,112
Cash dividends ;paid dri common StoCki-
The directors
contract
agreement
2518.
$3,092,563
••
\
Ic'.'j"
i': Profit
Northern Insurance Co. of New York—Extra Dividend
.
1,595,926
-
March 7,
with *PennsyI«
company
1,187,207
458,928
191,284
Depreciation
The contemplated consolidation already
directors of both companies. / The merger
approval of the Civil Aeronautics Board.—V.' 162,
by
railway—._
Cost-of goods sold'and
Merger—
80,545
$2,301,925
.•
—
.,
Ontario Alainufacturing Co.—Annual Report—
Sales
60,509
!
v,*f;p/
payable to bank (paid Jan. 2, 1945).—
Accounts payable and accrued expenses
Federal taxes on income (est.)
—
Land contract installments pay. within one year
Reserve for possible adjustments on cost-plus-
49,420
14,389
81,559
"46,609
Year Ended Dec. 31—
,
,
LIABILITIES—
-defense
183, p. 467.
\
Northeast Airlines, Inc.—To Vote
•
from
Net-from railway—
projects completed prior to Sept. 1, 1945 of $3,254,392."' §Includes credit
of Income and excess profits taxes
due to amortization
adjustments
v-
Note
$124,442
677,399
—
T'\,i
contract—amount pay.
Common stock without
par
$114,055
1,964
709,506
(after
cost
<
.Net ry. oper.' income.™
•Deficit.—V. 163, p. 75.
22,185,001
equip.—at
and
289,631
903
for deprecr and amortization)
r*
1942
19,878
34,135
From Jan.
180,333
and other assets_-^._l_._:—
a-fixed-fee
1943
100,000
505,618
contracts———.
(first-in, first-out
of cost
lower
•Total-
■
income
Net
—;—
Land
1944
$88,831
$1,437,406
222,982
series
Deferred charges'
'
1945
*45-Dec. 31, '44
100,000
323,199
plant;
Property,
Oklahoma City-Ada-Atoka Ry.—-EarningsDecember-ri'Gross from railway
j.
Net from railway.^.
Net ry. oper; income^—
32,861.155
2,113,633
23,533,679
provisions
'
market———™™_
or
Investment
to carry
preferred
shares.—See also V; 163, p. 467.
108,743
163,117
OCtv 31;
receivable
accounts
$196,179
$319,569 '
COMPARATIVE BALANCE SHEET
'•
*"
'
Claims under terminated war
pre¬
necessary
347,797
89,235
150,000
credi^fpplicable thereto.
hbtes'
U. S/ Treasury
pre¬
waived
and
also
605
1,140,128
V;
$704,487
preferred
shares
95,000
•
Holders of such B'.'e
emptive
Dr241,034
income.
facli.
rwy
Other
first
20,847
1,930
2,339
'/ASSETS—
Cr7,973,398
Railway oper. Income—
Equipment rents (net>__
Net
ferred
18,211,169
CrS56,503
(net)
1,475
Cr868,123
07-15.330
tax
Railway
'
11,110
49,111
/
135,931
"After refupds or:
-
total; $3,704,561.
,89
/
$227,326
:
/
218,276
175,066
355
.
'$147,919
income
on
Inventories—at
8%
-
497,250
Net profit
.
A
163,586
29
323,000
77,000
profits 'tax.™
deducts..
1942 /
'
■
265
1,033
expense
Trade
of
14,89 j
12,303
other
$68,040;^.portion
preferred stock (cumulative, par $100),
<48,697 shares no par), $678,609; capital
stock
/
accts.
1943
„
$19,449,788
$7,887,784
.13,295,.- ,
,25,371
$7,913,1^5
$6,704,200 $19,463,083
5,706,101
17,627,189./; 7,029,104
224,342
expenses
Misceli.
one
/earned-'surplus, $1,019,256;
1944,
$6,689,369
-r~r—X—t'r-
Interest
$ll,28i;
accrued. taxes,
$278,140;
-Years End. Dec. 31—
$6,452,086
Cost of products sold^- / 5,678,497
General, admin., & sell' " - rV
7%. -second
common
cumulative
rev.
exp.
oper. .revs...—;
rwy.
will
Corp.
STATEMENT
-——
stock at $110 per share plus accrued
preferred shares so called for redemp¬
tion were given the alternative right at any time on or before the re¬
demption date to exchange said 8 'U preferred shares, share for share,
for 5'/"
cumulative
convertible
preferred shares, plus accrued divi¬
dends to Jan. l, 1946.
At a special meeting held on Nov. 20, 1945,
shareholders approved ah amendment to the amended. articles of in¬
corporation which included an authorization for 10 COO shares of 5%
i945—12 Mos.—1944
;
Udylite
The
of
Total >-^-4—//™—*
■
date
dividends.
Ry.—Earnings—
b
■
-
no
Oct. 31, '45
shares
/;////./';:
1945—Month—1944
of
shares
into
of Nov. 9, 1945, the board of directors submitted a
plan for recapitalization of the company.
The first step in the plan
provided for the redemption on Jan. 1. 1946 of the outstanding 2,555
1,196,204
196.
":-yv -1 J-
'•■■■';
.
The plan
stock
common
"Excess
income—estimated
$255,500;
$81,929;
Under
2,715.480
682,845
surplus,
7,879,771
2,195,921
494,336
p.
$568,400;
$578,780
*63,332
7,894
7,542,107
income
./"Deficit.—V.
1942
r
$666,549
65,990
"7,936
l.iOJ.blO
railway
railway——
oper.
1943
$605,175
'/
From Jan, 1—
par $1001,
1944 J
and; of
company
;
f-
1945
of bank
year,
$49,336;
long-term indebtedness,
$302,554;
reserves
for general
contingencies, etc., $331,505; reserve
for liability insurance, $60,000; 8%: first preferred stock (cumulative,
on
indebtedness
92,742
this
of
'
48,697
':B. Government securities—at cost*
redemption price. $178,593;
trade .accounts
LIABILITIES—Accounts
Federal
Ry.—Earnings-
'■%' 1945 '•/
4' $554,794
from
Gross
of V* of
latter
Netsa,les,less pro v.-forrenegotiation
$6,437,654
Misceli. income
:
14,432
765; total, $3,704,561.
/'" '"
Southern
Pays
—
approving the merger of Parker-Wolverine Co. into
corporation, The Udylite Corp. to be the surviv¬
on
the
.
Norfolk
Co.
Co.-—Proposed Merger, Etc.—-
10 Mos. End.
ceivable^/'(net)'/ $513,163;;claim for^-/-refund of Federal taxes on income
for prior years, $60,954:- post-war refund of excess.profits tax, $10,890; inventories, $1,620,858; investments and other assets, $50,049;
property, plant and equipment (net), $869,910; prepaid expenses, $12,-
From Jan. 1—
Gross
Transport
COMPARATIVE INCOME
48,697
ASSETS—Cash; $387,^SO; "U.
accrued
December—
.
Gross
&
163,
,
21,040
41,171
48,697
S~.--
—
48,697
Earned/per common share.™—$2.46'
Earnings—
Western RR,
20,628
——
-
CONSOLIDATED
New York Susquehanna &
the
the principal amount for prepayment of the note was waived.
163, p. 467.
'
$158,417
40,129
——
:
dividends
Common
$180,733
J™
—.
1st
'b - b 7. \ v",'b' ■b'''
//
28,467
58,500
tax
airline.—V.
Chinese
to
provides that the outstanding 135,931 shares
par value
of Parker-Wolverine will become
the surviving company on the basis of 2Va
shares of Udylite common stock of
$1 par value for each share of
Parker-Wolverine stock.
No certificates for fractional shares will be
issued./* Not to exceed 339,827 shares of Udylite stock are to be issued
in the exchange.
Udylite at present has outstanding 400,000 shares Qf
common
stock. ■'
;
' ,
111.500
.
furnish technical
American will
Pan
advice
Petroleum
American
ing company.
of
8,937
$356,884
profits
excess
contract
on
vote
$347,947
__
•
the
management
.
*,29,131
•
*79,062
railway——
7,763,042
railway--/^-19,323
Net ry; oper. income—*1,218,762
•Deficit,'—V. 163, p. 75.
•
-V;v.
Net
1943
'"""//*:•/'/-/
:9,244,352
income—..
oper,
"121,572
*205,634
railway—_
from'railway-.
Net ry.
/*
$631,487
1944
1945
!
•
and
converted
,
new
''
The
$408,133
60.186
income
taxes
China 'National- Aviation -Corp.,
company and which will be
in
the
interest.
stocK
of
terms
Parker-Wolverine
1944
:W
profit™/-///---/;:
income
as
••
1945
——--—v-——
deductions
Federal
interest
name
The company has paid to the Standard Oil Co. (Indldna) $5,046,retiring a note in principal amount of $5,000,000, plus interest,
note was
1%
Vv-'V'^-V. S:v.-J
'
'
45%
same
410
—V.
;
operating
Other income
162, p. 30 78.
-
of the capital
National Aviation Corp. at a price
filed with the Securities and
of the stock is held by the
Airways has purchased 20%
World
dated Dec. 30, 1944, and due Dec, .30, 1952.
Interest on the
at the rate of 2.05%
per annum.
The premium requirement
and
New. York "Ontario & Western Ity*- -Earnings-
•
r
-V
.
/
Gperating( profit
Depreciation^
Net
Totals/—
—y.
■
,«-
.
Note
Redemption—
(& Subs.)—Earnings-
Years Ended Oct. 31—"
in*
debenture
'
:
P. 317.
3^
'-i'fJ-1'i,
the
20%
s
Under
Pan
.i
$435,144
65,401
—
Neptyne Gold Mining Co; 5#
on
;
165
investments-———
on
investments 'sold—
on
come
'
7,128
operations———
Interest and dividends
Interest
YEARS
_
20% Interest in
Airways Corp.—Buys
Government,
bears
assistance
recently called for redemption on Feb. 1, 1946, $74,000
debentures, /series A, due Feb. 1, 1951, at 101% and interest;
Pajment will be made at the Cleveland Trust Co., trustee, Cleveland,
Ohio,—V. 158, p. 1381.
of
of
;/*r:f!'.;r
contract
£503,785
There were
•■*
$647,715
—
properties;
new
3196.
p.
was sold for $5,093,569 on Dec. 20. 1945.
American's association with the new Chinese airline will be on a
basis for-five years and possibly for -nn pc'aitlcnal live years,
unless one party gives a one-year notice for dissolution of the associa¬
tion.
Upon termination, the Chinese Government would buy Pan
5.190,198
•208,190
Special Offering—A spe¬
—
/ Pan
134,444
6,101,819
"150,028
;
income™
oper.
?
-
Ohio Finance Co. (Ohio)—Partial
all Federal
■ >:. \
for
'
■-
.
CALENDAR
EARNINGS,
Profit from operations———
Expenditures
allowance
-
.
.
dissolved,
1944
•Deficit.—V. 163. P; 75,
"$2.88
..
163, p. 76.;.','/
40 cents.—V.
'
Amerioan's
Pan
0.66
$760,342
-
"After
143,083
123,162
.
follows:
newly-formed China
the
of
which
RR.—Earnings—
$507,591
Net ry. oper. income—.
0.64
n
•
/ ;
:
$1,554,357. according to a statement
Exchange Commission.
The other 30%
vi-■
--
$353,938-
•
1— '
;
Gross from railway-'—. •
Net from railway—- '
$0.78
'•
■
0.99
-
203,753
....
Total
-
233,851
30-—.
December 31
$0.72
$144,557
184,392
30
162,
American
Pan
stcqk
From Jan.
1944
1945
1944
V/;;/
of common stock (par $25)
the New York Stock Exchange Jan. 24 by
on
American
Pan
1945
railwayL^-v
railway.^
from
Net ry.
Per Share—.
—
992.
p.
per
as
Chinese Line—
•
—Amount
sum
share has been declared on the common
Feb. 25 to holders of record Feb. 5.
Pay¬
Feb. 26, May 25 and Aug. 24, 25
cents
were
and Nov.- 23,
made
Chinese
December—■■"■/-"y
Gross
New York & Honduras Rosario Mining
25
of
cents.—V.
50
'
-
.
of $60,800,
Bonds accepted
on such bonds
exhaust the
to
Hallgarten & Co. at $45 per share, with a commission
2187.
p.
Northwestern Pacific
prof. taxesliCr49,696,378+Cr8,074,958tCr40,339,527
tCrcdit
•1:Deficit.—V.
161,
of
:1
excess
$989,786
433,392
-
.
'
•Includes Fed. inc.
^
$1,031,823
deductions-.
income
Net
Income,/,™™--
Feb.
Pacific Gas & Electric Co.
was
$1,017,879
revenues—-—
income(net)
Total
fxd.
Net
11,
prevailing market price.
15,
1946, and Interest
the
on
$2.50, .payable
1945
cents each;
'
*
5,087,402
,
deductions
revenue
Net- operating
■
deduct ions_l_™_
1,762,019
exceed
140 Broadway,
1946, receive bids
gold bonds dated
trustee,
Feb.
mortgage
be
$6,105,281
'
revenues
operating
Other
Total
chgs
on
consolidated
cial offering of 11,400 shares
Co.—Earnings—
;1
12 Months Ended Nov. 30— ''>■
Operating
Misc.
••
dividend
ments
been
i'v
Total
first
that date.—V.
on
stock,
$107.50
at
to
delivered
cumulative first preferred stock
at $100 and dividends for the 6%
stock.
Payment will
the First Trust Co., St. Paul, Minn.—V, 157, p. 2351,
4 ^
J »J '' 1'' I .x,H>J\4• ' * V A. Vi1 *:'" rv* \1''1 v*.^'» V *"lA-1
North wester uEIectrit
65,759,085
20,028,425
1556,373.
1,799,954
income.
oper.
Other income
1946,
York,
a.m.
until
of
at
kv'H
18,991,764
1.498,308
1,
not
stock have
and
.
,
/
V
1,698,459
17,315,350
.
,
,
r
-
rents™
March
on
stock
made
"
j46,725,265
,
Uy
^
^
1,303,978 73,682,829 183,123,752
,jCr47>667,200tCr4,G46,896 X
6,423,158 98^372,903/
rev.
*Ry. tax .accrualq
Equip; and Joint facil-
$
*•
51,834,089 654,363,799 714,963,385
50,530,111 580,680,970 531,839,633
97,990,112
expenses
from ry. oper.
demption
1943—12 Mos.—1944
w'
51,264,847
oper. .revenues™--
Ry.
Lines)
1946—Month—-1944
^
Ry.
All of the outstanding shares of 7%
and 6%
cumulative second preferred
New
10
Co.
will
it
to an amount sufficient
1902,
be
cease
A
.
RR.—Earnings—
to
Outboard Marine & Manufacturing Co.—25-Cent Div.—
Northwest Publications, Inc.-—Calls Preferred Stocks—
New York' Central
1,
prices
should
of
Trust
Y.,
N.
sale
'
year."—V.
a
the
Dec.
,
Whitehead
Mr.
York,
for
Council Bluffs Street Ry.—Tenders—
Guaranty-
12
month period
.
,
THE COMMERCIAL & FINANCIAL CHRONICLE
658
Pharis Tirfe & Rubber Co.
•Pennsylvania-Central Airlines Corp.—Merger—
The corporation has announced a stockholders' meeting to vote on
the proposed merger with Northeast Airlines, Inc.
The meeting will
held late in February
be
announced
early in March on a date to be
or
INCOME ACCOUNT
v
New
England
South
area
Promotion*---
163,
'
467.
p,
Operating profit
Miscellaneous income
,
Redemptidn
Pennsylvania Gas & Electric Co.^-Partial
County, Gas Co., below.—*V.;162, p. £07.
of $202,196
crease
1944.
over
Dividends
^
•.
x
•
•
RR.)
(Excludes L. I. RR. and B. & E.
$145,193
126,300
,
ASSETS—Cash
Treasury
.
counts
r
in
banks
series
notes,
receivable
C,
and
at
(after
on,
cost
plus
Net ry.
>
Gross
17,578,684 152,118,219
7,114,672
27,902,369
12,773,245
1,709,722
1,050,005
income
492,370
-
Other
Net
operating
Net
income
7,714,893
4,178,494
.
to
107,844,964
86,610,094
4,504,605
'209,850
2,660,194
2,667,406
3,766,230
2,139,121
416,667
355,788
•250,667
to
$250,667/ $1,722,454
$3,012,076
the
declared
senior
mechanical
arrange
is not always
it
reasons
companies in exact alphabetical
are always as near alphabetical
possible.
policy
stockholders
its
discretion,
New
York
the
six
shares
Stock
that
period
this
capital
of
Exchange,
months'
to the issue
six months' -period ended Dec.
purchases,,of shares' of its
,
corporation
stock
this
of
purchase,
may
corporation
31,
the
1945,
corporation
on
large
its
made
/
.: Net
income
from
mineral
ing depletion and
rights,
taxes
1944
$405,432
321
3,750
__
after deduct-
9,678
$414,618
—
Prov. for estimated
Net
inc.
Federal income
$415,43]
50,428
20,000
to sec. trans..
(40 cents per share)
$344,356
COMPARATIVE BALANCE SHEET, DEC. 31
j-
and
receivable
25,689
8 571
300 000
6.468,279
41,104
6,507,401
.
at
cost_______
......
________
Mineral rights
charges
*
1944
$381,188
300,000
obligation—at cost
General portfolio securities, at quoted market
prices Dec. 31, 1930, with subsequent addi¬
tions
$0.39
$443,131
interest
Govt,
Deferred
354,215
•
1945
deposit..:—
Dividends
$345,003
•
352,775
$0.39
...
^ASSETS-
S.
22,000
per.-- share-;—_
:
U.
tax
without giving effect
Dividends paid
;vCash on
.'•>
9,895
Deductions
Earnings
'
•
_
*
48,262
Tqtal income
1,954
$7,278,885
$7,244,105
-
;t
———
LIABILITIES—
Reserve
for
Accounts
Reserve
Surplus •
taxes.....
payable
for
and
since
8 839
Dec.
on
31,
Undistributed
59*094
4,444,690 * 4,444^690
income
374 14*1
~~
—
&aid .in
cost£si\n!>
$7,278,885
.........—
All
$7,244,105
$12
,
100%
non-taxable
tentatively
dividends
as
of
the
the sale
the. shares
or
to
shall
excess
each
be
to
the
that
sbare-
output
shareholder
taxable in
for
the
the
and
.same
if
in
manner
excess
as
>
!
•
-
•.
s
•
'•
-
'
\ \
r
E, Bradley, who played
Advanced FM System,
succeeding David B. Smith,
in
a
a
of
k
^
I
share
per
will
*:
1942
/
$573,816
1943
$564,972
*61,036
1944
$561,049
182,914
253,645
233,357
215,686
170,359
7,722,212
2,484.617
1,883,294
6,460,198
2,284,010
p.
7,273,057
2,265,557
2,056.080
1,787,586
r"
=
•
•
!
-/"V
i
which
en¬
share
of
November,
the
the
was
late
had
declined
shortage.
". •»
^■"'0 #-4
new •
-..t,
1942
$31,025,546
251,066
>
annual production of 2,000,000 tons
plans to double- the
Ciinchfield owns or controls 250,000 acres
containing in excess of 1,000,000,000 tons of minable and merchantable coal."
The letter continues,
"this is probably the largest acreage of virgin coal land in the world
two years.
bituminous coal lands in Virginia
under
corporation.
thickness
the control of one
,,
of the coal seams, new and
and underground mining will be employed,
utilizing to the full the most modern machinery and mining tech¬
nique.
It is estimated that there are 20,000,000 tons of coal which
can
be surface-mined and this will result in production costs con*
sideiably below the average in the field for many years to come."
Regarding Sheridan-Wyoming Coal Co., Inc., another subsidiary,
the latter states that "it operates one of the most completely mechan¬
ized coal mines in the world with an output per man of approximately
15 tons per day as against the average for the country of 5.2 tons,
Ample coal reserves exist and output can be increased in the post-war
years as necessity demands.'/
,v vv
r
•
of
"Because
the
unusual
unique methods of surface
last
"1
>
net
,
sub¬
result of abnormally
cigarette
.
the next
within
of
March 31.
on
income
Pittston,
by
*
for
Higher-
1945
1944
1943
*$46,000,000 $43,224,743 $35,264,093
*2,200,000
1,527,317
1,755,898
i'ev
special letter sent to stockholders describes proposed expansion of
operations of the company's bituminous coal subsidiaries.
It is stated that "the Ciinchfield Coal Corp., which is 63% owned
warrants
scheduled
was
Pittston Co,—Estimated Earnings
.
...
,
.
the Letter to the Stockholders dated Jan. 22
How-
r
stated in part:
the
While
'
<
■
today
subsidiaries
company's
further
*
•
the bituminous
be
to
a
primarily
are
engaged in
coal industry, United States
valuable
of
source
earnings.
.
stock, 3,60%
sqrigs
(par
SIMPLIFICATION
•
•
;V;"
Concurrent
of 149,883
$10U).--V.
rehabilitating
;
163,
be
have been
and
made
shares
called
ofl 60-cent
■
stock
is convertible
(EST)
on
into
ten
common
,
•
the p03t' wil*
fhaJ?ec°mf President of
5
Kentucky properties.
;
162
2823
p
•
Net ry.
raUway___:
railway....^.;
income.__
From Jan. I—
Gross
Net
oper.
from
from
1944
f
,
$115,635
;
;:v 28,744 '
simplified.. /This
of various bonds
well as those of pertain • sub*
the Pittston Co. has outstanding bank
loans
issuance
of
are
now under consideration.
the Pittston Co. capitalization would
debentures
this financing take- piace,
jconsist solely of medium-term debentures and common stock
-
The New
York Stock Exchange has authorized the
listing of 25,000
(par $1), on official notice of issu¬
pursuant to the terms of the option agreements, making the
additional shares of common stock
ance
and
total number of shares listed and applied for 601,644 shares.
Pursuant to the action taken by the board. of directors on Sept. 26,
1944, option agreements were entered into with
three of the com¬
pany's* executive, officers.
Each of „hese executive officers entered
into a contract with the company providing for his employment for.a'
period of two years from Sept. 1, 1944.
■:
•
20,480
•
p.'
■
.1,502,022
299,642, < 254,563
< 213,366
'
205,469
'
7 119
7273
,
V-
"
$151,747
•
option agreements provide for the issuance of-25,000 shares of
the company's-common- stock
(22,500 shares to J. P. Routh, 1,250
1
1942
'/ shares to A. F. Denari- and 1,250 shares to C. E. Barry) at a cash
The options, dated
$105,478 < price of $15 per share, or a total of $375,000.
'37126" Sept. 1, 1944, run'for a period of 7Va years.—V. 162, p. 2952.
f
\
The
"1943
.
$95,004
.3,146
2,378
,
railway,,—1 1,448,228
railway
Net ry. oper. income,..
—v.- 163. p. 76.
as
Listing of Additional Common Stock—
®tates ^one of Occupation in Germany.
"1945
from
from
company
-
Pittsburg & Shawmut RR.—Earnings'—
Net
the
through
Should
.
**c°mPany' granted* leave. of absence to another Vice-President,
J:*,
®3tef 0/. 5Tnt,"cicy' t0 take charge of administration * of;
—V
the parent
present time,
,
operate
to
and earnings stand¬
*
the
At
then
Vice-President of the Weirton
have headquarters at Jenkins, Ky;, V
to*be* formed
past seven years !n
20-year income debentures due in 1964 and 586,092 shares of common
stock.
Plans for refunding the bank loans and the Alleghany loan
as
a new: company
stocks of
/
STRUCTURE
$2,000,000, funded on a five-year basis; a loan of $6,000,000 from
the Alleghany Corp. also funded on a five-year basis;; $2,177,200 of
shares
Feb. 25.—'V, 161, p. 1100.
THE CAPITAL
of
for
redemption on Feb; 25, next, at '
dividends amounting to 14 cents per share.
Pay¬
at the Manufacturers Trust Co., New York, N. Y.
of preferred
the
OF
progress made in the
company from
an operations
the
sidiaries.
,
convertible
cumulative
with
point,; the capital structure has also been' greatly
required numerous : steps involving the retirement
-
'
inCaSxSl^', who is resigning
i
the
gain from
leading part in developing the
charge of engineering.*—V. 163, p. 231,
following
outstanding
stock
k
•
such
has been appointed Director of Research,
who was recently named Vice-President
;
♦Estimated.
Appointment of Samuel M. Cassidy as Vice-President of Consolidation
Co., in charge of its Kentucky operations, of the Pittsburgh
Coal Co., was announced on Jan.
16, effective Fftb^l.
Philco Corp., Philadelphia—-Director of Research~~v
Philco
>
A
consolidation
and-its
,
October,
j.'
_-December—
company
'
15,
a
Net
preferred stock, $3.60 series, and that
the month
cumulative -preferred
Gross
467.
163,
(The)
their subscriptions.
for
taxes,
.
™V.
163, p.
income
76.
calendar Years-—
company has been able to compute
1945, and these are substantially below
subsidiaries for the week ended Jan. 26.
1946, amounted to 131,331,000 kwh., a decrease I
of 10,233,000 kwh.,
or 7.2%,
from (he corresponding week of 1945.
•
-•
6,596,238
1,694,925
1,180,607
railway—_
oper.
Sales and oper.
Coal
exchange of property."—V, 162, p, 1678,
electric
ry.
—V.
Pittsburgh Consolidation Coal Co.—New Vice-Pres.—
•
Philadelphia Electric Co.—-Weekly Output—
The
1945 l\
$369,183
37,102
43,716
railway
from
Net
promptly to all stockholders, or their
its new preferred stock, the option for a
to
until the close of business at 3
p.m.
-
basis
in
Each share
Jiolders, pending the final audit of the corporation's income tax return
for that year.
"In -accordance -with the provisions-of section
115(d) of the Internal
Revenue Code, the distributions which are not taxable as
dividends
to the shareholders shall be applied
against and reduce the adjusted
basis,
rescind
to
of- the
ment
;
are
Net
Piper Aircraft Corp.—Calls 60-Cent Preferred Stock— '
15
partt
distributions
I
income
oper.
from
Gross
offer
to
proposes
subscribed
after
sales
467.
9
>
made distributions
per share to its stockholders on June 28 and Dec 24
Bureau of Internal; Revenue, inua letter dated Jan
8 1946'
"On the basis of the data submitted, it is held
these
106,593
13,566
From Jan. 1—
and
2? sents each
The
^
121,310
*106,528
-jw.i
railway
from
Net
'-197 4514 '
fjo}
2 4
shares of cumulative
net
shares
.
During^the calendar year 1945 this corporation
.
1,466.642
274,523
163, P. 76.
railway.—
from
Gross
company's
preferred
1945.
;
'
Trucking Corp. has proved
Prior to 1939, this corporation
December earnings. '
;
engaged in numerous activities in the New York area, such as rigging
/ V
and stevedoring in addition to conducting an armored car and general
With no price relief from the Office of Price Administration the
trucking business.
Unprofitable phases of operations were eliminated
management estimates that net
earnings,- after application of tax
and the equipment modernized.
credits and other adjustments, will be
Today it is one of the largest local
approximately $430,000 for the
last five months of the current fiscal
trucking companies in the world, serving the New York Metropolitan
year.
The management esti¬
area and maintaining branches for the armored car division in Boston
mates that for the entire fiscal
year, which ends on March 31, 1946,
and Buffalo.
Plans are under way for expansion of the United States
net earnings after taxes
will approximate $4,400,000 before the addi¬
tion of an excess profits tax
Trucking Corp.'s business when new equipment becomes available.
carryback of approximately $1,625,000,
Of the remaining subsidiary companies owned in 1939, the Pittston
making an aggregate of $6,025,000 for the year.
The reduced net
company today owns and operates the Globe Coal Co. of Chicago, one
earnings in the last five months of the current fiscal year, as opposed
of the largest wholesale distributors of coal in the Midwest; Pattison
to
the first seven months of such
period, are accounted for by the
& Bowns, Inc., of New York, a large wholesale distributor in the East,
reduced
sales volume due to virtual discontinuance of
sales to the
and a group of retail fuel distributors in New England.
armed
These are;
forces, and to increased manufacturing and
tobacco costs,
the Metropolitan Coal Co. of Boston, the Frost Coal Co. of Dorchester,
without any increase in cigarette ceiling
prices.
'
•'
Mass., and the Pratt Coal Co., of Worcester, Mass.
In addition, the
Application for relief has beea, made to the OPA, but no action
Pittston Co. owns Independent Warehouses,
Inc., of New York City
has as yet been taken thereon
by that body.
The company has been
and several minor companies incident to Pittston operations.
informed that the OPA is
making a study of the cigarette industry
In January, 1945, the Pittston Co.-and Ciinchfield Coal Corp. jointly
and that if it be found that the
industry is not making a rate of
acquired 67% of the outstanding stock of the Davis Coal & Coke Co.
profit, oh current net worth equal to that earned during the 1936-39
at $41 per share.
Subsequently, a distribution of $40 per share was
base period,
relief from
the present
ceiling price will be granted
paid from the sale of undeveloped coal lands and surplus cash.
promptly.
Z
Z
The Davis Coal & Coke Co. operates five mines on
the Western
If, however, the limitation on the sales prices of the company's Maryland Ry. and has access to additional coal owned by the railroad
products continues unchanged through the fiscal years ending March
under a long-term lease.
The product is a low volatile coal in great
31, 1947, and thereafter, and if the company's costs of production
demand by public utilities in the New York, New Jersey and Baltimore
and
operation continue at approximately their present levels,
the
areas,
to which the company enjoys favorable competitive freight
management estimates that the net earnings for such fiscal years will
rates.
.It is planned to increase the company's tonnage to approxi¬
be substantially less than those for current
and past fiscal years. •:
mately 1,500,000 tons during 1946 by additional production of 600,000
£ The/company continues to hold. its /place, in the industry: and
tons Irom new operations,,. Additional mining, machinery and a new
domestic sales of Philip Morris
cigarettes are at a rate which indi- 1
cates
that total sales for the month of
cleaning plant will be installed.
E " <
^
v
January will be the second
p.
'
"
V-
These
Listing of Cumulative Preferred Stock— *
^The- New York Stock Exchange has authorized the listing
realization of investments
1930______.
held.
largest of any January in the company's history,-
8 965
59 094
Capital stock in treasury (at
.Total
expenses..
St°Ck ( $5 Par)—
Profit and loss
$26,266^
$37,740
accrued
contingencies
share
common
.
44,992
683
_....
Total
1,454,553
284,242
.
.
no
1945
*
•
....
1,239,790
46,576
1,287
9,855
Pittsburgh & West Virginia Ry.—Earnings-
earnings for December,
anticipated earnings for
that
month.
The
management does not
expect that net earnings for January will be appreciably higher than
the
$400,973
LZ—.
______
$113,013
23,668
*168,351
income.
oper.
December-^
1
/ ever, within the last few days the
in
INCOME ACCOUNT
dividends received
each
stantially, but believed that such decline
time during
During the
•'
Years Ended Dec. 31—
received
for
President, said that modified arrangements are in
negotiation with underwriters with respect to the offering
who
earnings,
-.
Interest
$106,591
■
railway—-..
from
Net ry.
-.The statement issued by the company said in part:
Late in December, 1945/ the management ascertained that
,
""
Cash
$80,913
?6,249
*27,051
985,777
*25,577
railway.—
from
Net ry.
cost),
at
1942
ac¬
139.'
period which will end the company's fiscal year
of any senior
otherwise, from time to
the date of this report.
or
from
income,,
m
1943
1944
$64,636
*9,042
*16,140
railway--—
oper.
ry.
Net
statement revealed that since November learnings
have declined from a monthly average, over seven months, of
$566,991,
to an estimated monthly average of about
$85,000 for the five-month
v-v■
advised
are
162, p.
shares,
(8,000
Shawmut & Northern RR.—Earnings-
From Jan.
Lyon,
time
..The
securities/v
.
>v
stock
Public
offering of the debentures,
week, has been postponed indefinitely.
.
lion, has ; taken, no action,, with, respect
j:
E.
company
limited
corporation, at their - annual - meeting held-on
ratified w proposal to authorize-a change in the
of ther' corporation with respect -to the issuance of
(other than equity securities). To date, the corpora-
securities
$6,179,349,-r-V.
preferred for
new
process of
of 149,000
of1 the
1945,
25,
total
treasury
expired Jan. 28.
However, they
Stockholders
$2,295,762;
of
Petroleum Corp. of America—Annual Report—
*
"April
expenses,
Subscription warrants were issued by Philip Morris on Jan.
titling common stockholders to subscribe to three-fortieths of
the
as
accrAied
portion, $125,000;
$450,204;
reserve
*J
-
1945
^Deficit.—V.
current
5,010,307
assigns,
possible
after
3,012,076
'
order.
$5,538,050
Gross
company in a statement
issued Jan. 30, replied, to questions
about a two-day decline of 13 points In its common stock and
company's current offerings of $15,000,000 of 20-year debentures
and
149,000 shares of preferred stock, by announcing that "earning
prospects have been changed materially by unfavorable post-war con¬
ditions that set in last November, and that, as a consequence, common
stockholders who have just subscribed to 142,577 shares of the new
preferred stock will have an opportunity to cancel subscriptions.
1945—12 Mos —1944
Cr78,448 Crl,465,598
Surplus—
*$91,393
162, p. 3197.
position
Cr$230,670
Net
in¬
the
41,667
NOTE—For
life
charges,
$60,990;
reserves for depreciation
pects—
Alfred
♦Deficit. -V.
cost
of
value
'Philip Morris & Co., Inc., Ltd.—Sale of Preferred Stock
to Be Cancelled—Debenture
Offering Indefinitely Post¬
poned—Postwar Conditions Have Reduced Earning Pros¬
$4,131,164 $51,500,687 $56,302,777
*49,726
Sink. ids. & other appr.
Balance
$259,653
:
The
Crl23,855
201,814
103,460
income..
equipment at
$964,832;
surplus,
Dr$64,860;
o
.
" ;
raised
$3,510,208
and
payable,
!a£?!r
13,975,358
8,220,251
1945—Month—1944
:
and
taxes on
income, $247,649; other current liabilities, $47,204;
payable, banks, due in quarterly installments to April 30, 1955,
$1,312,500; capital stock (par $1), $220,000; capital surplus, $581,058;
12,894,132
2,774,601
7,338,810
*9,546,796
profits taxes..
railway taxes...
$4,488,301
Gross from
notes
Marquette Ry.—Earnings-
and -Can,, inc.
plant
126,146,660
13,837,659
1,169,699
383,411
474,658
excess
$3,572,242
Net from railway-*—.
Federal
"39,153,418
Period End. Dec. 31-
Fed.
inventories, $1,708,237; cash surrender
$18,621;
prepaid
expenses
and
deferred
LIABILIflES—Notes payable, banks,
♦Deficit.—V. 163, p. 467.
Pere
53,145
$549,472
Pittsburg
$42,801),
of
accounts
$1,794,978;
counts
272,754,501
income
oper.
49,606
$$24,017
December—
amortization, $1,485,451; patent, at cost less amortization, $4,375;
total, $6,179,349.
•
■
v;'
**x?: :
s.:?'■?. .
78^271,836 938,471,274 1,012,096,796
60,693,152 786,353,055
739,342.295
(Dr)___
3,049
*''
and
64,458,141
103,611,559
(Or)
rents
$418,340
Crl34,181
11,208
faxes,
*
1945
accrued
doubtful
$4,184,119 ' $5,652,853
562,271
1,111,407
$$148,730
Crl35,921
charge^-.',-
excess prof. taxe3__Cr$2t615,898
$Deficit.—V. 163,' p. 76,
. v
'
$906,427; United States
interest, $200,270; ac¬
hand,
for
reserve
31,
OCT.
surance,
1945—12 Mos.—-1944
1945—Month—1944
Railway taxes ....
Cr33,320,421
Unemploym't ins. taxes
1,050,847
Railroad retire., taxes
1,138,289
Equip." -fehts
-
excise
Federal
and
* ■? 401,171
♦Includes Fed. inc. and v
$209,992:
66,000
220,000
$0:95
$412,661,
^$1.96
allowances,
$5,216,975
'* 435,878
$3,782,948
$228,630
189,710
Net income-.
$0.68
discounts,
Cr553,885 jCr6,768,930 Cr6,448,509
lncome-__^—^
Misc.
Total fixed
•
210,000
CONSOLIDATED BALANCE SHEET,
.
$$294,587
145,857
incomes
oper.
""
212,000
:
oper._
deductions^-'.—_
Total
-
)40,000
6 728
;
ry.
income_i.___^_—L
Other
$349,992
453,646
k
;
r
deducting
,
$
Jfc. facil.
Net ry.
"•
Pennsylvania RR.—Earnings of Regional System—
Net rev.- fr. ry. oper.
.
,
147,000
fr.
$5,847,436
7,078,970
$$1,283,405
1,702,577
255,489
mm* n mmm
;
5,777,772
f$69,766
2,848
'
$4,334
property,
Railway oper. exps.—
$347"144
.,
;
$$3,537,692
♦Ry.'. tax accruals..... Cr2,661,186
Equip, and joint facil•
lty • rents—v: Cr581,919
"'
157,345
n» n.(
'
r
1045—12 Mos.—1944 [
$2,292,929 $30,661,138 $34,318,196
2,302,695 31.^44,543 • 28,470,760
1945—Month—1944
$2,240,080
revenues....
Net rev.
580,911
__—111
outstanding
; Earnings per share
f
Railway oper. revenues
i7,358,415
$37,486'
*;562,326
Shares
♦After
imnm+wn
$854,518
^
% Net income
v,
President, pointed out that 3945 was onejof
the best years in the company's history.
Total dividends paid to
policyholders since organization amounted to $12,582,500, and losses
paid since organization totaled $17,505,546.
Mr. Pelstring also pointed
out that as of December 31, 1945 a total of $3,015,149 was invested
in United States Government bonds.—V. 161, p. 706;
*
/
■■■
Period End. Dec, 31-
,
oper.
k
.
Ry. (oper.; expenses-
$8,443,815'
1,161
•»,
__________
Minority interest
Pelstring,
J.
Herman
■
Profit of -subs;
.
*
*$936,325
r
-': 4,963
• nmpv manuniimin
.1
.
.V
Pennsylvania Lnmbermens Mutual /Fire Insurance
Co., Philadelphia—Reports Substantial Gains—
:
The company,
in its 51st annual statement of condition for the
year ending Dec. 31, 1945 shows total assets amounting to $5,328,055,
compared with $5,029,469 the year previous.
Surplus to policyholders
totaled $2,-728,336.
Voluntary reserve amounted to $728,336, an in¬
'**
7or Fed. inc & excess profits
tax/ «tc. ____________—•
jt
v,,
.
t
$849,555
Ir.v"
•»*"V;t '• •l'rt
income
Miscellaneous charges
.
See York
h"
Ry.
1943
1944
1945
,
'"'/Jt1, 'VV'
J/- Total
,
'
\
.
-
Period End. Dec. 31—
■
.
*
will
Dever
Mr.
Monro.
**•<
made executive assistant 'to President C.
also retain his post as Secretary.—V.
been
has
Dever
Hayes
v
Midwest,
and
Bedell
>•
Pittsburgh Lake Erie RRv—Earnings—
31
*Net sales 4--—$13,213,908 ;$11,830,520
Cost of sales
11,046,803
9,718,756
.Sell, gen & adm. exp.
1,085,938
944,350
Depreciation and amortization v-._r
.233,612.
221,091
V
Jan.-.'< ;<, v ^
Airlines' 1,000 miles of routes in the
with PCA's net work of 4000 miles in the East,
later,.-for stockholders of record.
A merger would fuse Northeast
,
<& Subs.)—Annual Report
YEARS ENDED OCT.
1946|
Monday, February 4,
*
r
*31675
-
1,506.108
417.116.
•
234,303
.:
.
Polaroid Corp.—Names New Vice-President—
1 242 044
■
399.204
-
,
329 087
'
:
Donald L. Brown, patent counsel and a director .of thik corporation
it was founded in 1937, has been appointed a Vice-President.—
since
V. '162,
p.
.,
s-it.V !,r.»
yV,,}U«. <*V
•.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number [4461
Volume 163
>
:
-
"
t
•
'
Pullman car/from 1859 to 1945. It is
fnotional piece of literature.—V. 163,
Prentiss Wabers Products Co.—Annual ReportYear Ended Oct. 31—
1944
$6,653,597
4,294,141
283,621
and freight
.incl. - depreciation
Selling adm. & gen. exp., incl. depreciation.__
***
/
^ Vv'
V'
\ '*Kf/ )■%
i'£ -f*
Balance ''
Other income, incl. settlement on war contract
Cost
i'
1945 $5,608,083
-
sales after, allowances
Net
4,740,121
-247,036'
of sales,
<
'»
,
.
"/"h-. ir
'
'
termination
• •,
r
Public Utility
Electric
,
tion
Provision
for renegotiation on war contracts—
Provision for taxes on income..-—.
V* •>>
'
Previous
earned
1Total
Cash
=
amortization
Increase in
reserve
1
,
sharges
.
31,"
Oct.
dividend.
S665,696_
60,080.;
fr.
ord.
Net
Net
,
and
accrued
items,
for
provision
$8,733;
provision
renegotiation
of
for taxes
,
,
$697,937
contingencies, $25,000; common stock
$369,537; total, $2,353,248.—V. 161. p.
i>r$146,934
24,320
(par
$100,000;
$645,458
.
Br$14G,934
Crl50,494
$15,212
$10),
CQ
Deprec.
exp.,
etc,
(net)
Prov.
for
State
•
after
1945
Fed. inc. &
Net profit
•Primings per
"Bused
profits tax
exc.
(net)
6,460,000
Net
.
6,409,418
on
Shs.
1943
Fed.
Government
Public Service Co. of Colorado—To
accounts
of the plan,
Under terms
called
for
retire
additional
the
debentures
be
for
to
4
the
raised
stockholders
stock
will
outstanding,
stock and
will
basis
one
the
of
consist
recapitalization
of
$7,G00,000
$42,000,000
debt,
the
right
to
new
share
for each
plan
first
bank
150,000'
150,000'
700,000
975,013f
700,000
700.000
subscribe
the
company's
3V2%
mortgage
$6,219,900
.
-
$1.39
$2.39
$2.46
at
$167,000;
banks
(market
cost
for
In
including
doubtful
$52,714;
on
for
post-war
$1,165,360
for
value
of
income
taxes
for
life
$1,190,182;
depreciation
total,
1946
of
of
$50,000),
States
accrued
stock
retirement
The
Securities
would
and
be
and
now
\\H
Z:'\
'•'/
for post-war
amount
receivable
$1,757,363;
1945
bonds, series
31,
$50,000),
termination
$333,880
receiv¬
claims
inventories,
for
G, at cost
redemption value
(includes
refund
(partially esti¬
$1,950,398;
excess
of prior years Fed¬
and
renegotiation refund, estimated,. $72,272; other
assets, $748,586; good will, patents, etc., $1;
$49,569; total, $6,082,688.
fixed
charges,
payable
to
banks,
$400,000;
accounts
payable,
(includes
and
deposits on unfilled orders, $239,899; Federal taxes on in¬
(net),
$296,256;
reserves
for
postwar adjustments,
$600,249;
for pensions and other
contingencies, $115,780; $5 convertible
preferred stock (7,003 shares,~-.no par, includes 503 shares held in
treasury), $700,300; common stock (par $5>> $750,000; capital surplus,
$479,57Q; v earned-surplus,
$1,16.0,777;
treasury stock,
at cost (503
shares
preferred), Dr$47,282;
total,
$6,082^688,r-V.
163,
p.
318.
.
Republic/Drill & Tool Co.—Annual Report—
•
•
comparative income statement /
1943 *
Years Ended June 30-r- •
*
;
1945
>
1944
Gross sales, less retns., allow,, ate.
$6,304,080 - $8,221,339 $11,292,049
Renegotiation, adjustments.
*800,006
Cost of goods -sold,--v^-,_^.^.-8,366,431
4,873,561
6,874,265
Sell., gen. & admin, expenses
'
882,910
648,998
539,701
Interest paid59,395
47,587
9,481
•y r
-
i
respect of company
to the question whether that company's registration
and
reports under the Securities Act of 1933 and
the
Exchange Act of 1934 contain omissions or misstatements
material facts.
of
$67,000
post-war
reserves
;ekrned
Commission has announced that the
oh Feb. 13, .1946, in the Commission's
in the proceedings pending in
and
182,500
$118,000
.•/.
directed
statement
Securities
1,000,GOO shares of $20 par common stock.—V. 163, p. 231.
•
182,500
and
come
Exchange
reconvened
Philadelphia office,
capital
•
•
$259,306
.
customers
Red Bank Oil Co.^—SEC to Resume Hearing Feb. 13^,
hearing
preferred
A'.*;,
iVo'ooo
$265,523
provision
for
renegotiation
refund),
$674,042;- pay
compensation, employees and officers, $397,362; accrued taxes
(includes provision for additional income taxes for prior years) and
interest; $103,239; common dividend payable Dec. 28, 1945, $37,500;
provision for future service charges on installations, etc., $174,996;
rolls
plant and equipment
$3,595,621), $9,532,115; deferred
v.v-
accounts
OCT.
Defense
S.
.Cr$50,000;
$158,093; claims
bonds,
taxes
SHEET,
IJ.
reserve,
LIABILITIES—Notes
property,
$9,000,000; paid-in surplus $4,888*811;
$24,683,174.—V., 161, p. 1582.
total
•
credit
for debt retirement
(principal
Govt.),
$77,276;
trade
$24,683,174.
(par $10)
$5,141,778;
27,162
275,000
depreciation
trade
S.
refund
deferred
•
U.
income
assets,
receivable
$160,002;
185,000
"1,352,000
3,220
,
debt
for
$840,229;
profits
profits tax post-war refund
$41,346;
total
inventories
insurance
185,000
tl,755,006
adjustments
interest
$50,417;
from
eral
ac¬
$3,381,883;
$1,946,306
$2,453,360
639.000
tax
.
$47,967,
$1-,075,000;
Government
5,800
188,000
profits
$335,140,
.•£ 220,000
28,800
25,748
36,894
62,011
35,000
——
BALANCE
A
United
$1,075,000)
States
v
39,058
.
20C)"000
taxes—
excess
tAfter $128,000
mated),
$3,692,943;
accounts
surrender
,
:
income—.
on
ASSETS^—Cash,' $428,484;
plus
$131,300,
,
44.934
,17,734
V
.
$2,059,743
accounts
claims—
Federal
•After
$2.95
„
1943,
1945
value
United
excess
1,
.
to
seven
bonds
4.15%
of
and
700,000
Jan.
$114,864;
surplus
.
receive
of
150,000
962,504
maturity
reserves
common
.
held.
completion
structure
the
on
16,528
36,272
62,215
8,424.
,
and amortization ■ of property,
plant, and equipment for the year ended Oct. 31 amounted to $267,408
in 1945, $199,903 in 1944 and $171,006 in 1943'.
-
security taxes, property taxes and excise taxes, $998,631; notes '
payable serially from April 1, 1947 to April 1, 1954 $3,200,000; con¬
tract with City of Waterloo $58,500;' reserve for' contingencies". $150,000;
for the $6 issue and $110 for the $7 stock.
common
expense
NOTE—Provision
-
social
shares and by a bank loan not to exceed $7,000,000.
present preferred stocks are to be offered a share for
common
915,000;
2,214,508
900.000
and
$2,772,163
annuities for employ.
on
Federal
refund.
payable, banks $400,000; accounts payable, In¬
cluding payrolls $855,453; provision for taxes, including income taxes,
stoc.c
preferred shares.
by sale of 125,000
cash in an amount equal to the
of the new- stock and the call
price of existing stocks, which comprises $107 for the $5 shares, $106
now
1,873,678
*.
LIABILITIES—Notes
share exchange of the new stock, plus
difference between the offering price
Present
"1,182,000
1,821,667
receivable
cash
Federal
charges
101 '-'z
common
Holders of
1,020,000
"1,503,000
trade,
reserve
optional
(after
to
are
1,063,400
BALANCE SHEET NOV. 3,
securities,
accounts
$5,442,123;
wnich lias been approved by the directors,
to be replaced with an equal number of 4.15%
to
1,054,000
Cn847,892
hand
24,862
$1,315,375
profit
Dividends paid,
92,916
on
$2,051,318
<4; 25,441
—-
'Net
1,347,575
receivable,
(after
other
bonds,
March
the $7,700,000 of debenture 4s are to lie called for redemption at
and interest and the 62,189 shares.of $5, $6 and $7 preferred
Funds
counts
Recapitalize—
been
:
.
possible' loss
Provision
979,990
'
ASSETS—Cash
1,206,156
$2,747,301
Adjustment prior years—
122,469
profits taxes of prior years refundable.
excess
#
special meeting of stockholders has
vote on a plan of recapitalization.
for
for
.
109,968
share.—
per
14,129,396
1,414,285
of
for
118,399,219 119,900,290
498,513
507,910
306,200
-
13,715,349
1,416,280
expense
paid
Prov.
&
(par $10)
A
1943
$1,289,934
Z:
income
ProV.
'
168,718
dividends
stk.
!
■
$1.57
shares.
sold—A--:—11,812,005
Profit before, taxes
,
118,912,454 123,126,777' 124,980476
-
dividends
com.
tFederal
NOTE—Earnings exclude profits of Procter & Gamble Defense Corp.,
the English and Canadian companies.—V. 162, p. 2823.
A
Oct. 31, '42
$ ' '*■
119,827
inc.
will
$14,518,219 $17,876,935 $17,386,870
profit
receivable
'
ACCOUNT
■
.
1944
1945
products
Interest
$299,533
Oct. 28, '44 Oct. 30, '43
!
5
•• /•
f'p
'
A*A£teif;'.1dedij.ctinE!;'^o6t^war'"*credit.V 1944,
10,054,500
$1.49
\
———
income
Prov.
int.,
——
profit i,„i—
Earnings
$9,856,948 $10,405,490
$1.46
of emergency facilities for the
year and after taxes
refund to the Treasury Department of $124,220.
■
*.
1,086,566
able
$9,456,033
—
share
common
of
Other
$1,386,099
$202,908
98,735,797 113,824,678
569,432
540,391
taxes-—-
Common
7,990,400
exp's.
incl.,
made.
refund.'
surplus,
1
"
1944
'
Excess profit's tax—-—
$15,916,033 $17,847,348 $20,459,990
expenses—
rlpl
obsolescence-
&
Other
Subs.)—Earnings—
6 Mos. Ended Dec. 31—
OpH
loq
admin,
and
$796,500;
for
$641,560;
Af
been
goodwill patents, etc
Provision for employees' pensions—
INCOME
*
Net-sales and other -inc. 400,1230,939
pAfif
arrangement, which is less restrictive and not
Government department, has a standby charge of
Sell., admin, and general expenses—
$1,382,849;
$645,458
442,550
$3,560
Nov. 3, '45
$
in,
loan
year
1944, the Navy Price Adjustment Board has
company's business to the extent of penalizing its
$500,000.
This amount
will
be
reduced
by additional
a
«•
Co.—Earnings—
f*'
VT
the
by
sales
Prem.
COMPARATIVE
.
reserve
772.
already
mean
Net
'
Fiscal Year EndedA-
savings
this
credit
any
Special experiment. & devel.
s'
>
3,250
18,670
surplus—
that
fiscal
amortization
still
transferred
inc.
Preferred
Procter & Gamble Co. (&
the
$1,407,169
.52,479
1,729'
$33,882
—
Rath Packing
•
income,
on
contracts,
war
have
15,400
wf:
.
_
from net inc.- A
earned
to
payable, $145,980; notes payable to banks,
payroll, $27,395; accrued social security, unemploy¬
withholding taxes, $28,343; accrued local taxes, $10,200;
other
On
Br$145,205
$33,882
(Cr)t :/• ;';-v v V
-Mf. 162, p. 3199A
accrued
ment
new
income—*--
by
renegotiated
$367,247
1,774,416
951,407
consequent
with
recognized
was
COMPARABLE INCOME ACCOUNT, YEARS ENDED OCT. 31
3,110
,
$253,470
it
this
new
; \ For
Total
LIABILITIES—Accounts
$200,000;
This
Amortiz.
BALANCE SHEET, OCT, 31, 1945
-
of
Operating
patents, $1; other assets and deferred items, $109,624; total,
$2,353,248.
the
$21,804 m
-
Dr123,401
$36,992
inc.—
Extraordinary inc.
$306,492;
shares
ord.
J. $725,776;
.
7,325*
$1,500,000,
of 1% interest and a maximum use charge of 2%, representing
a
saving in interest over the VT Revolving Credit Agreement, which,
bore interest at 23/4%.
Borrowings of $800,000 against the new agree¬
r--,,-,
/'v.
are
$29,574s /
,.66,566
•
income.
ord.
Net income
ASSETS—Cash, $314,093; accounts receivable, trade, etc. (after re¬
serves of
$10,000 for bad debts and cash discounts), $316,470; U. S.
Savings bonds, series F (at redemption value), $25,636; U. S. Tax*
Savings notes, series C, at cost (redemption value, $732,512), $720,000;
excess profits
tax refund bonds, $46,382; inventories, $514,550; plant
and
property
assets
(after
reserve
for
depreciation
of
$238,210),
Net
1,400
to
close
a
r':M»
$382,647
V^
to
the requirements that were likely to be met during the
period.
Consequently, the directors approved the can¬
agreement
and have replaced it with a Standby
Credit Agreement with three Cleveland banks in the amount of $1,500,-
$499,602
882,249
$260,795
*
drew
fulfill
not
cellation
guaranteed
815,047
reduced
interest for standby charges.
war
reconversion
Cost
•
less paid in surplus of $60,080 applied to,stock
$385,080,
or
inc;-_
inc.—non-comm.—;
Gross
5,000.
$369,537
the
earnings
Ord.
Dedeuct.
*
of 1%
J/2
As
did
week" last
$554,252
*
.$23,204
.
,/
:AAOperatin8:: def icit^l^'
^Additional-; amortization -charges for prior years on war' facilities.dividend of 150%
consisting of 38,508 shares common stock
?
communic.
Other
tStock
(par $10)
the
further
was
ment
oper.
Deducts,
$369,537
—J-
1944-
$29,574
38,508
2,551;
,
,
to $5,000,000, was larger than was needed.
Accordingly,
1945 this crfedit was reduced to $3,000,000, and on Aug. 31,
up
May 5,
on
1
1945—11 MOS.—1944
*
$47,182
70,386
448,859
.—
c Earned
surplus Oct. 31——
——/—.
Paid-in surplus «
——*—*-.»——
Total surplus,
deficit-
Net
;
-
82,846
___
10,467
—
fqr bad dehts, etc
$53,272
revenues
expenses
11
57,755
65,494
325,000
_—_
1945—Month—1944
•
$711,756.'
,
for ; the; corresponding
decrease of 12.0%.—V. 163, p." 468.
a
kwh.,
Operating
$262,896.
$828,253*
—
•Additional
j
11
—
paid-i—^Net refund on renegotiation of war contracts^.tStock dividend
L——.—.
credits
pro*
output of the operating companies served by this corpora¬
week ended Jan. 26,
1946, totaled 181,471,000 kwh., as
Operating
180,000
$162,557
665,696
dividends
a
-
000.
1,255,193.
796,500
.
surplus
—
—
as
the
Period End. Nov. 30—
12,268,
f100,000
.
surplus——■_o——u
surplus
well
as
.
Radiomarine Corp, of America^Earnings-—
$1,710,358
8,707
transferred to
for
year,
expense
Net income
<
,
Engineering .& Service Corp.—Output—
Compared with 206,257,009'
.
,1
„
43,918;
-
$1,067,764
,*'
231,
p.
x
$1,666,440
37,444
educational
an
1945
■
$1,030,320
Total
Interest
659
'
•
—
An
interim order entered under date of Jan.. 4,
1946, suspended
company's common stock from the New York Curb Exchange,
pending final disposition of the subject proceedings.—V. 163, p. 231.
Puget Sound Power & Light Co. (& Subs.)—Earnings
Period End. Nov; 30—
Operating
Operation
1945—Month—1944
1
revenues
$2,531,401
938,586
Maintenance
180,70.9
Depreciation
133,651
Federal
Other
income
Net
taxes-
$2,312,080 $28,407,621 $26,528,614
928,707
11,035,858
10,419,086
140,584
1,879,490
1,698,210
122,149
1,669,010
1,573,719
410,000
345,663
258,095
-----
179,425
3,474,089
as
3,144,005
2,899,858
fered
the
revenues-
$610,360
$595,552
$6,462,842
33,325
21,230
85,599
oper.
Balance
Interest
$577,035
and
$574,322
$6,377,243
194,204
2,288,612
issuance
2,340,565
tax
$385,600
$380,118
$4,088,631
$4,006,876
before special
other
saving
•Reduction
of
prof,
cess
tax
Prior
108,689
preference
Balance
dividends
123,352
1,152,608
$488,807
$385,600
—
$4,211,983
$5,159,484
paid
"Reduction
Federal
687,500
687,500
$3,524,483
of
$4,471,984
.
income
tax
resulting from refinancing
163, p. 318.
1945—MOnth—1944
1945—11' Mos,-—1944.
•
•//^/■////.revenues
•Maintenance
All
other
Net
of
$
/•
13,604,513
cars—
4,644,304
maintenance-
Crl50,271
Conducting
General
,—
car
5,325,711
593,997
opers.—
expenses
!
revenue—
:
3,190,772
$
-A
$
$
12.778,584 131,448,463 128,102,149
3,741,570
47,834,773
Cr47,621 Crl,768,927
5,111,205
56,484,082
606,921
6,769,922
revenues
Total
expenses
-
Net revenue
Total
:
tTaxes
•
net
revenue—
accrued
—
Oper.
inc.
(or
loss).
424,538304,814
3,366,509
22,128,613
4,836,365
4,799,957
3,539,543
119,725
-
3,504,888
121,711
•:
1,331,477
3,488,220
23,460,090
2,636,484
15,376,975
duction
Depreciation
—
875,566
adjusts—
878,912
$
-
1
6,682,737'
war
9,647,113
-
Crl2,312
•'
9,679,106
-933
XJ.
S.
Govt.
Excess
Income
profits
450,837
430,643
4,822,719
4,526,908
2,062,836
8,296.564
14,867,064
,
the
company
folder
has
just
issued
a
revised
edition
which; illustrates- and * describes
orders.
'
largest
share
Report—
end
of
the
fiscal
presents
■
--
the
of
the
"Pullman
evolution
of
the
volume
of
of
.
;
way
14,888
3,538
$528,411
,
fiscal
year,
showed
an
even
surplus.
$512,372
$417,166
taxes
(gross amount before offsetting $576,000 of
applicable thereto).
tAfter deducting credits of
par value of $784,025 of the cumulative
(a) par value of $158,805 of the common
therefor and
(b)
paid-in surplus of
$313,917, being the entire balance of such surplus at the time of the
exchange.
1
4
BALANCE SHEET, JUNE 30
ASSETS— 1945
1944
Cash '
$529,297 ,: $278,952
Accounts receivable
(net)..a„„_—.—____—*
698,263
879,392
•Federal tax • • refund--..„-^^:i^wriA.'^
' !
240,000
Inventories
^
1,258,858
1,125,951
share, representing
received
in
exchange
Prepaid' expenses and deferred charges
Credit for post-war refund of Federal excessprofits tax
Plant and equipment (net)-w._^_^.^.____-.—._
Patent application
Total
178,236
170,212
tl,083,752
1
30,500
1,648,336
1
$3,980,382
$4,141,368
$360,595
$243,673
:
^
—
..———
—
-——
liabilities—
Accounts
payable
—
Accrued ^expenses
——'-1—
Federal income
Provision for
220.724
refunds
with respect to
272,680
288,566
taxes
614,410
renegotia162,500
"
tion
of
contracts—r—-
war
sinking
10-year
5%
$5
6%
liability)
convertible preferred stock
cumul. preferred stock
Class
A
43,062
1,123,661
1,195,360
447,360
fund
current
,Common
50,379
432,655
requirements--—^
—
convertible debentures (excluding
Current
-
problems of such magnitude that it is not
any degree of accuracy the company's oper¬
year.: However, in October, company entered
sales since April
1944, and in November, the
new
18,014-
refund
for
income
for
stock
greater sales
$7,000,000.
Sub- ;
price adjustment clauses enabling
the company to adjust prices should such steps become approved.
;:*; During the year it was found that the VT. Bank Revolving Credit;
Agreement, guaranted 80% by the U, S. Navy ^nd providing for bank
t..e
37,871
re¬
preferred stock issued,-less
This
year.
..
yy-A;-'
month
increase
stantially
Issues Educational FolderProgress"
the
stocks
stated value of
in 1944 for post-war refund and $117,000 in 1943 for debt
retirement.
tEarned surplus capitalized on issuance of 156,805 shares;
of 6%
cumulative preferred stock in exchange for common .stock,,
changes resulted in lost production and in higher
the pro- >
building.
possible to predict- with
first
1,745,734
the
116755
$30,500
ations for the next fiscal
&
taxes-
at
These changes are well on the
Reconversion
Includes
Payroll taxes 2-Al-——
Federal
aggravated by the unavoidable lowering of
with the changeover from
d-c. to a-c. motor
latter
rate
common
51,096
4l"959
934
earned
•Provision
was
to completion..
A \
The net aggregate value of sales. orders entered
by the company ;
during the past fiscal year, after making deductions for cancellations,
was
$12,448,094.
Our shipments in spite of disruptions of schedules
were $14,518,219,
compared to $17,876,935 in 1944. There was carried
forward on Nov. -1, 1945, unshipped business aggregating $6,210,782, A
This backlog represents postwar business with all cancelled military
orders taken into account and compares favorably with the backlog
on. Nov. l, 1944 of $8,280,907 which was made up almost entirely of;
quired.
•Includes
Depreciation
$100,
Corapapy, also faced with (1) retraining employees for the new work;,
(2) securing proper materials, and (3) setting up the new tooling re¬
21,574,122
851,736
the
costs,
28,256,858
911,786
completed
economy.
>Each One of these
1,260,413
3,310,497
2,398,711
8,083,116
par
change was most welcome as it meant that company could make
definite plans for the long pull which would not be disrupted by war
26,996,445
419,798
208,087
stock,
preferred
final
55,168,719
6,536,934
Auxiliary Operations:
Total
cumulative
7%
of -1945 • witnessed a, complete change in product
Division—from. d-c. motors for Naval Ordnance use to
partially
only
was
39,246,180
153.371
on
over
pref. stock acquired for
Balance,
In August came the third readjustment, V-J Day, followed by the
cancellation of approximately" $2,900,000 -worth of business and the
reconversion ' to
complete
civilian s production—reconversion
which
Sleeping Car Operations:
total
of
issue
Marine
the
cost
58,850
11,761
tirement
*
general service types of a-c. electric motors for use in many industries.
The second major readjustment came after V-E Day as the demands
of the armed forces became 100% for the war in the Pacific. '
Pullman Co.—November Earnings-
Period End. Nov. 30—
3U77
dividends
conv.
174,455
$600,564
$665,939
48,581
Excess of
A
313,303
Stock
of
part
eai;ly
capitalized^-
on
,
Reliance Electric & Engineering Co.—Annual
The
in
(The)
stock.-
or
profits tax credit.—V.
excess
director
surplus
dividends
convertible pfd.»
Cash, dividends on 6% pref
Cash
dividends on common stocks
recently called for redemption on Jan. 1, 1946 at $100 per share, plus
accrued dividends of $7
per share.
Payment is being made at the
National Shawmut Bank,-Boston, Mass.—V. 163, p. 111.1
•
—
"carry-over" of
president and
Cash
estimated the net proceeds at $1,625,902, which, with
will be used to reimburse its treasury in part for pur¬
entire
The
$426,109
417,160
.135,000
$934,168
JEarned
are being reserved
purchase warrants,
7% Preferred Stock Called—
credit-
Balance
stock
company
common
$248,779
512,372
72,000
138,000
profit
Total;
offered to certain officers
shares
chasing and retiring $1,532,500 of preferred stock and 17,500 shares of
Federal
inc. tax resulting from
"carry-over"
of
ex¬
29~327
tl,049,000
profits
at beginning of period_.__
Tax, etc.,.refunds prior year
r.:
upon
funds,
42,211
85,000
1274,500
surtax__.._^__;_
Balance
Regal, and 60,000 to be purchased by the underwriters at 10 cents each.
"The
Balance
.
25,000. are being
the company and 100,000
the exercise" of common-"
including 40,000 now held by John J. Daly,
$6,347,441
191,435
amort
Net
Noel & Co.
underwriters for 300,000 shares that are to be of¬
public at $6 each, with the underwriters retaining $1
the
and
tax__^^,j^_.
Provision for future income taxes-..
principal
to
.,
14,551
(net)__A_
has registered with the SEC 425,000 shares of ($1 par)
and employees of
for
excess
stock and named Cohu & Torrey and Van Alstyne,
per share in'commissions.. Of the remaining shares,
$6,463,652
116,211
normal
53,000
$286,797
deductions
Federal
Regal Shoe Co.—Registers with SEC—
The company
common
4,216,416
Other inc. deducts, (net)
22,968
Sundry
Federal
1945—12 Mos.—1944
'
taxes
Amortization
the
——-
—
($1 par)
($5 par)
—
784,025
stock ($1: par)^-.-—.i-—w—-----common
stock
($1
."
surplus
83,594
88,609
par)
313,917
19.682
YPaid-in-vsurplus
Earned
262,371
111,798
528,411
_______
—
/
512,372
fund
for
retire,
of
conv.
pfd.
stock
,28,724
9,930
$3,980,382
Sink,
$4,141,368
(Dr)
bringing the backlog of firm orders to over
all
business
entered
has
of
income
and
of
renegotiation
adjustments.
Federal
tAfter deducting
taxes
on
$316,000
-
ISllI
660
,
reserve
for-estimated
Income- taxes
future
which
If THE COMMERCIAL
arise
may
Bank,
the
from
Boston,-Mass.
trustee;
■
This
and non-adjusted bonds,—V.
•'.*
,v
■)
nondeductibllity lor tax, purposes of certain future-depreciation provi¬
sions to be made in tnq accounts.—V. 162, p. 1399.*
'
'' ' '
* 1
:
James A.. Gray, President,
<
>
.
earnings
The
entire
outstanding
recently called
was
the
on
for
for
of
first
redemption
stock,
3.00V series,
common
stocks
amounted
pet
$1.84
to
earnings for 1945 available
per share, compared with'
Dividends
$467,545.
amount, of
the
in
the
on
The
/
100
.
this- preferred
of
$49,000,000
issued
stock
in
3.60%
a
mortgage real'estate bonds
16, 1946 at 100 and inter¬
oi Chris. Schroeder & Son
Jan.
on
June
notes
were
interest
$74,500,000.The
of
amounts
depositary banks, which credit
outstanding at the end of the
company's
1949,-
30,;
the
the
of
12
rate
of . funds under this credit
tobacco continues to be advantageous. •
lVa %.
At
a
the
at
the
Gross
,«
'
•
of
the tobacco
end
industry generally,
from
ry.
Gross
ry.
'
current liabilities by.
of .$148,231,529 at the
excess
of 1945
$265,022,008.
were
purchase
eacn
ucts
was
sold
so
the
.During
that
with
sold
was
than
it claims
tiation
requirements
the Armed Forces,- a
ments to
of
the
in
com-
for
tobacco
of
tax-free
from
export
®
■
9.M36.95?
12,367,234.
16,839,220
19,372,666
-
(
8.876.743
5.931,047
2,573.727
-
3,528,799
FOR
CALENDAR
in
company,
the
annual
•
24,600 outstanding .shares-of preferred
15 at. $100 "a share - plus accrued.,
of $1.87'/a a share, with privilege
7
to
held
of
of
28
the
number
which
renego-
the
;•
number
cumulative
authorized
of
804,742
sale
Immediate
the
common
outstanding
preierred
and
stock
cash
in
(of
A'-;
/.
1945
.
1944
.
$
sales
Chgs. &
The
1943
$
$
430,966,566 387,997,688 414,263,939
adv., etc. 394,231,868 354,062,627 376,466,079
of mangt.,
exps.
new
utilized
-
$4.00
cumulative
it
the
pajrefund
cumulative
cumulative
preierred
prefferred
stocx
stock,
and
f
36,734,698
_
dividends,
etc—
Total profit
36,823.584
Depreciation, obsolescence, etc.v—
Interest, paid —_
Federal
33,935,061
and State
taxes
892,378
984,493
V\
-sf.'-1 2 AV' if J'
1
14,431,553
'Ir.'l' '*•<.'
"""
*
1
Previous' surplus
61,711,685
1
Total
Common
preferred stock
on
sh.
per
bined
.
year____
61,711,684
58,894,183
$1.84
$1.71
$1.85
SHEET
AT
DEC.
ASSETS
$
____—1
$
14,399,594
profits
$
10,742,404
2,293,700
)52,673
receivables
Brands, trademarks, goodwill_„___
Prepaid Items
.■
Nt
es
—
Serf>|
—
_____
etc
payable,
i
ry.
j
598,443
.1,842,251
608,872
vA
,—v.
and
York
shares
outstanding
issuance
stock
37,500,000
19,668,376
o.i'vctors
10,00o!oo0
to
at
61,711,684
Stock
of
and
which
amount
sale
stock
have
applied
by
the
(par $1),
of
which
by
800,COO shares.
company
Blyth & Co., Inc., as
all
diiovedot
been
for
of
the
3,025
have
been
shares
issued
and
sale
will
be
Dec.
on
sold
to
December—
from
1945
7,
railway____
railway—.,.^
inccme_^._
From Jan. 1—
Net
from
Net
ry,
—V.
stock
p.
by the
for
company
^
bept.
100
1
and
the
at
annum
the
full.
First
1928
at
National
100
Bank,
•
railv.'ay..i._C
______
inrcme___
111.
RR;—Earnings
have
been
150,000
shares
par)
(no
a
will receive
stock
Is
none
entitled
to
of the proceeds.
dividends
the
at
Account
thereafter
$52.50
and
on
share,
per
stock
in
prior. to
or
plus
voluntary
dividends
Dec.
liquidation
31,
'Net
extent
to
of
1,847,797
before
33,345,7.98
38,371,715
37,407,536
21,433,514
28,117,740
5,203,854
4,008,903
for
be
(formerly 6%)
redemption on March
made
at
I
the
National
bonds due
1,
1946
at
Shawmut
$2,700,019
341,313
233,637
$1,905,914
134,109
317,333
312,004
305,018
1,566,500
772
1,971,288
874
1,520,592
2.042
Crl52,221
Cr92,530
.
.
——_
922,768
3.581
47,114
$786,522
;v>-——
$632,968
$783,965
$1,037,272
are
being eliminated
in proposed
March
1
of
each
outstanding at
any
stock
on
either
Excnangi.
.
Transfer
Trust
Co.
'
agents,
proposes
the
'
National
AND
make
Stock
,
Bank
Exchange
of
to
or
was
its
Chicago
com¬
Stock
77'7'77'/''v- 7"7."'7
Chicago
and
Bank
Bank, New York,
BUSINESS—Company
list
organized
&
New
York
Trust
Co. 7
'
in Delaware as
surplus, $1,089,265. total,
earned
pr<:
1
V
-
The
Pattern
p.
Sioux City Gas &
plus
the
will
of
the
been
.'V- *'
'*' T-
J
•
V**
.
•
.
'i- • i\~i'
r.
•"
v
"•
Co., Inc.—Registrar Appointed—
Trust Co., of New York has been appointed
Continental Bank &•
stock registrar for
2824. -
New York
162,
$9,125,461.~-i,yV 163, p. • 232.-
»"tV'
'i
'
Simplicity
have
application
Continental Illinois National
of Chicago and Chase National
HISTORY
to
York
prepaid insurance,
LIABILITIES—Notes
payable,
$210,000;
accounts payable-Mrade,
$500,388; accrued liabilities, $459,288; provision for Federal and State
taxes
on
income and renegotiation refunds
(after deducting U. S.
Treasury notes, series C, $1,438,874), $2,186,633; other current liabili¬
ties
$i2S,424; notes payable (long term), 4>ou,000; 4%% cumulative
preferred shares (par $50), $2,000,000; common stock (410,000 shares,
no
par),
$2,460,000/ surplus
arising from
consolidation, $37,463/
All
7
;.7:;77-7|-''7\7''7-7,..777';
First
Registrars,
New
30, 1945 *.
BALANCE SHEET SEPT.
on
-
year
time prior thereto.
banks and
$2,199,079), $1,799,633; intangible assets, $119,127;
$25,238;" other assets, $5,0*6; total, $9,125,4oi.. .
commencing March 1, 1947, as a sinking V.
fund for purchase or redemption (at $52.50
per share plus dividends) £
of such stock, a sum equal to 3% of
the aggregate par value of the 7.
largest number of shares of such stock which shall have been issued
and
CONSOLIDATED
hand, $1,679,077; marketable seciirl-;
ties, $364,673; accounts receivable—trade (net), $1,835,242; inventories,;
$1,936,299;
other current assets, $1,154,448; investments. $206,678;
fixed
assets
(after reserves
for depreciation
and amortization
of
,
LISTING—Company
will
$3,668,079
.263,861
239,500
,...
minority interests which
PRO-FORMA
thereafter
preferred over
then applicable 7
case;
1,192,372
called
$1,757,461
148,453
profit for period
ASSETS—Cash in
and
1955,
each
in
1,663,581
.Payment
$2,488,261
211,758
income tax_—
refund
rec.
cnga.
off
"Before
per
1,697,755
;
280,452
Post-war
;7
4%s%
of
rate
$3,575,412
.
$3,387,627
$2,904,270
charges -—J—i
Foreign
share
1,689,585
Called—'
INCOME
OF
STATEMENT
,
4,000
279,663
Fed. exc. profits tax—
common
priced at $52.50
2,035,172
16,335,447
4,000
$2,624,606
—~ —-
income...
Total
per
common
•
:y&
interest,
and
$3,730,440
20,192,841
2,102,776 .«j 4,633,406
CONSOLIDATED
pnfit—^.
Operating
Income
137,356
outstanding first mortgage 5%
1946,
par)
'
/4fOOO'A
MilwaukeeCo.777—.-7-'' ' —-7Muynard H. March & Co.—-
Other Income
,
„
$2,965,667
1,171,165
11,731,413
4.000
4,000
,
.
(New Orleans)—
,
$2,988,495*;
4.000
-
•
addi¬
1942
7-
7%/
*
•
1,
share, cumulative from date of issue, payable quarterly
March, June, Sept. and Dec.
13;
redeemable
(otherwise
than out"
of the
sinking fund) as a whble or in part at any time on 30 -days'
notice, at $55 per share on or prior to Dec. 31, 1950, at $53.75 per
;
1943-_
-i- '
——-
The preferred stock was
company
Inc
at
•1944
Ritz-Arlongton Trust—Bonds
of
made
Jan.
1999.
p.
Mo.
Preferred
Co
mon
All
being
dated
and dividend and the common at $24 a share.. The com¬
mon
stock is being sold; by certain stockholders^ and
authoring
&
—
;// :
—
_
Feb. 1, 1946 .& total of $28,000
bonds
Church of Christ, Scientist
($50
stock;
com¬
r
rail way
oper.
163,
(now 2%)
■
4.000
4,000
effected as of Jan. 1. 1942)
7
;7'"' 7 7. —7——-Vear Ended Dec. 31———^ ■
7 -7 ■■ 7:>f-I;7-777;9 Mos. End.'■
7:77;.7/:7'"/-77/:;i7/;7
.
^7/:7:
7.7.7777 '7 : 7 .'-y-'-iT ' Sept. 30, '45 ;/ 1944 : ' 7 1943
,v;v^ 1942 , / >
Net sales
$24,697,695 $30,666,737 $18,378,519 $11,753,938
Cost of goods sold
20.816,922
25,682.634
14,604,820
8,858.187
sell., gem.& adm. exps,
,1,250.267
1,580,883
1,268,173
1,123.160 .
Prov. for: doubtful accts.
5,900
15,594
17,265,
•
15,131
company has notified the Detroit Stock Exchange that a plan
increase the $1 par value capital stock from 250.000> shares to
1945
Blyth
4,000
—,
—
financing.
3 025
shares of
6,000
Co,—______
PRO-FORMA
Shellmar Products Corp.—Stocks Offered—Glore, Forgan & Co. and other underwriters made a public offering
Jan. 29 of 40,000 shares of 4%% cumulative preferred
issued
arp
8.000
(Assuming merge" of Nov. 30, 1945 had been
the outstanding first
of
8.000
:
The-'
■'
j Commerce & Commercial Club-
is
126,
9,000
3,000
3.000
'
.
30,383,971
77777
11,000
4.000
3,200
.
;
43.232,017 *
redemption price and in involuntary liquidation to extent of $50 per
share, both plus dividends.
The company will be required to. set aside out of (net income on- or
oper.
Gross. from
7
,-.<.*.4—
:
11,000
4,000
Lester
1938,
share
from
'7
11,000
v
Laird,
llO,242,375
28,704,006
11,000
2,500 ;
Kebbon, McCormick & Co./.--—
500,000 shares will be submitted to stockholders on Feb; 7. /
.'The corporation contemplates issuing one additional share for each
two shares now held, payable to stockholders of record Feb.
15.—V.
161, p. 2227.
:
$69,575, has been paid in
used
Richmond Fredericksburg & Potomac
ry,
22,300,395
24.000
11.000
Co.————
Co
&
/
Shares
Dain & Co.»———;——
M.
,
Common
4-00°
Co.>:__U„^————;
EJworthy & Co._^———-7———
Farwell;: Chapman; ds Co—r.——
The
principal, at a net price of $23
resolution adopted by the board of
to issue and sell the
snares
proceeds from such
Net
1942
and common
7.,
/ * 4,000
-
Ir«c.___——_____—-
Si
Davis
H.
.
4,000
—
Whipple /& .Co.,—.---:
Hemphill, Noyes & Co—
Brallsford
1943
\Veeks_____i.w_7—^
& Beane______r—
Bacon,
J.
1944
Sheller Manufacturing Corp.—Plans Stock Distribution
private Sle
working capital.—V. 163, p. 468.
Net
1028.
;i
severallyk
Preferred
Shares.7/
..
Pierce, Fenner
&
»,
f
have
preferred
7
•.
Co._^u—
Kalman & Co.,
;
-
,
,
8,300
—4,000
-7_.
Fed. normal tax <& surtax
a
^ the purchase price thereof, namely,
The
Gross
Payment
"Wash.—V.
St,; Louis,
reserve.
Exchange has authorized the listing of
common
and
so
3,025
tional
interest.
58,894,183
tAfter deduction of
&•
Witter
Dean
15,
•
a
company
The
May
Shields
7//••'7:
Co.__—
&
Lynch.
Merrill
;7777.7..
-
below
named
underwriters
Co
&
40,000 shs.
*410,000 sh$f
by Self-Locking Carton Co, whichv
charter is to be amended to
7,
.
&
Hornblower
and refunding serial bonds 'dated Aug. '
have been called for redemption on Feb. 15, 1946, at 100 ;
and interest. Payment will be made at the Mutual Bank to
Tyust Co.,
12,00b"oo0
90,000,000
permit
the
15,
/
Outstanding/
v
company's
number of shares of
underwriter's name:
,
Forgan
Hallgarten
111.
first mortgage 5»/a%
All
meeting thereof held Nov. 20, 1945.
The Commissioner
Corporations oi the State of California issued his
of
P.
Seattle Chamber of
15,
1
63,412,601
—_—__
f'hare, were authorised by
P?
67,500,000
16,895,667
315,227,447 259,734,286 231,129,804
makirg the total
mon
Feb;
on
;-7;;
Glorc,
Manufacturing Co.- -Listing of Additional Com-
New
Tho
161, p.
8,156,216
Calls Bonds—
3,067,245
Stock—
Th?
7
com¬
Ry.—Earnings—
income...
oper
and
10,000,000,10.000,000
90,000,000 90,000,000
^^depreciatbn and obsolescence.
p.. 318.
;■»
aodit.onal
the
the
purchase
to
.77..v77"
railway.
Second
40,000,000
10,000,000
—
Itlieem
roon
by
agreed
larger
77.;.;':"7:v7;777'^7;7:7:7.;7;
made
were
There were called for redemption on
to
16J,
each
1945
(28)
2,261,223
3,126,935
8,000.000
'
.
$100)_.._
<par
tpar $10)____
pfofits
Total
:
the
owned
the
capitRlizatlon accordingly*
stock set opposite such
dictated
was
carry
Partial Redemption-
500 000
notes
to
required
now
!
1,125,518
l
Ntw^ class B^com. stk. (par $10)__
Utiui ided
•
1,130,477
contingencies—500,000
Pre erred stock
inventories
cents
*
"Deficit.—V. 163,
1,196 410
3,036,321
74,500,000
16,778,524
Oommon stock
action
from
•
payable
for
tobacco
the
315,227,447 259,734,286 231,129,804
—
payable
rve
said
necessary
and
Authorized
40,000 shs.
*410,000 shs.
($50 par)
*7—.—
117,296 shares
UNDERWRITERS—The
quarterly dividend action
in 34 years. In a letter to
time
President,
'
cancelled
be
to
the
"
■.-/%,;7;7
GIVING EFFECT TO PRESENT FINANCING
(nr, par)-.,
reduce Its authorized
from -railway130,210,498 141,188,977 137,257,803
raiiway______
18,906,720
£"2.249,534
56,434,093
Net
Net
:
:
Seattle,
Accrued taxes,
<
1,826,155
.
fund—.
p LIABILITIES—
Rc
are
,■
Gross
9,483,501
625,982
1,473,784
....—
tRetirement and insurance
counts
'
railway—^ $10,108,836 $11,780,334 $11,781,618 $11,599,909
«18,058.448
3.325,582
317,148
3,986,383
Income—, *9,206,169
1,646,282. »2,231,313, -3,067,619
■'■From Jan,-!*^" '
/-'■
from
■
A
first
the
Its
of
stockholders
certain
by
,
cumul. preferred stock
"■Excluding
,
ry. oper,.
—
Total
4:,4%
Common stock
from
Net
Net
1943
*
,
take
requirements
Seaboard Air Line
Gross
1944
Accounts receivable
..
14,794,608
19,075,277 15,372,434
Inventories ^2.J 265,022,008 208.436,450
184,199,035
Real estate, buildings,
.15,476,117 .15,877,175
16,677 157
Investments
188,981
205,653
205,653
Fost-war and- carry-back credits on
Other
to
15, last year.—V.
December—
31
1945
excess
.
10
..Aug, 15 and Nov.
15,000,000
63,412.601
-
Cash
for
Scotten,
eom-
BALANCE
,
of
underwriters
the
to
CAPITALIZATION
$107.50
.i
'
7:7:7'7;;77-:7S7;^7;7777'777'7;■%
vDistributions
sold
being
Paul
of stock—
.
;
r
15,000,000
'
''V
and
$107
all
being
Co.,
Carton
company will:receive none of the; proceeds from the sale of
150,000 shares of common^ stock which are now outstanding and
company.
,
73,894,184
,
^
^
failed
30,
capital
expensive
more
Self-Locking
not presently owned by the company.
Thereupon
of common stock of the company owned by Self-
stock
The
"The average cost of tobacco usings by the company for 1946, based
yon purchases thus farr: indicates a likely cost of from 30%
to 40%
Oover 19.45." he said,
Increases in the coit of tobacco alone in the most
recent
five-year period total more than 180%,
Mr. Scotten said,
adding that he was "quite hopeful" that an appeal to the O, P. A.
for price relief, now in preparation, would be granted.
55,331,442
76,711,684
16,000,000
10,000,000
on
shares
629,744
58,894,183,
stock
Walter
"increasing
pany." •; 7'
18,562,741
765,983
'
dividends
Surplus at end of
Earns,
and
n
17,187,757
81,408,540
1,229,955
Charges related to pfd. stk. Issuance
Dividends
the
of
stock
common
shares
the
believed will be
shares of no
shares of no par
at
•
f~i\' 'V''
Jan
on
common
stockholders.
by
17,753,450
„t,U.if
19,229,310
467,545
directors,
the
on
584,806
,
"""
Earnings for year
Excess profits tax carry-back adj._
,
The
500,000
'<
>f
:
,
from
117,296
are
Scotten, Dillon Co.—Omits Dividend—
•
.
37,941,904
/1*040,907
962,078
1,396,498
15,305,398
income.
on
144,044
34,065,881
Reserved for contingencies
<%
37,797,860
88,886 .130,820,
be received by' the company from the
preferred stock are estimated to
be
is
3U,000
callable
respectively.—V. 163, p. 232.
Operating profit
Interest,
of
net proceeds, together with approximately $407,016
general corporate funds, will be used to purchase 600
29,780
nreferred stock,
presently outstanding
•
>
Locking Carton Co.wiU be cancelled and not reissued*
stock
no
to
$4.50
par
——_____________
shares
4000C
the
'
Net
at
located
are
The
of
shares
enough
of
sale
the
this
but
outstanding
(presently authorized but unissued) to raise
$3,000,000.
rt
wouid
take
only between 50,000 and
of this common stock.
shares
60,000
150,000
not
common
approximately
YEARS
of
to
shares
the
129,780
from
shares
authorization
par);
and an increase In
shares
(no; par)
from 1,000,000
(no
presently outstanding) to 2.000.000. It is undestood
immediately sell these newly authorized shares.
financing plans are understood to include refunding of
presently
additional
stocx
the
of
$1,972,886.
are
will
company
preferred
outstanding;
now
preferred
business. 7 The company also sells inks
phase of its business is of negiligble im-'
material
plastic
the
PURPOSE—Net' proceeds: to
•
-
-
59,780,
•
.
is primarily engaged In the production and sale of
protective packaging materials. / Recently the . company
company'
Carton Co., upon completion of the: financing Con-7
templated by the company will be a wholly owned subsidiary of the
company
and the company presently intends thereupon "to acquire
all of the net assets jand business of Self-Locking Carton Co. and'
to continue the opeiations of the latter as a division of the company.;
It is engaged in
the business of manufacturing and selling cartons
for eggs and al tied products.
that
asked to
be
will
they
'
„
^
of
the company for the sum
to
Self-Locking
announced
stockholders,
Co.
portance.
The executive
offices of the company
224 South'. Michigan Avenue; Chicago 4* III.
%
March
Self-Locking Carton
engravings,
and
160, p. 1084.
•
The
entered
,
.
common
be
approve the
olio wing ;•
/
A
reduction
in
the
authorized
in
specialized
,
below—V.
letter
a
meeting to
of
"
,
,
.
Corp.
$2,379,902.
Co.—^Plans Changes in Capitalization—
Scott Paper
diversification
assure
'
company
interest
,
March
on
the
Universal Match Corp.
The
at
company
of
account
on
redemption
to
to
,
1,951,311
Schutter Candy Co.—Merged—
of
the
for
See
ship¬
during the year 1942 and
Renegotiation of similar sales for subsequent years has hot
been completed.
It is not expected that any material liability against
the company will result therefrom.
ACCOUNT
361,110
fHolders of .preferred• shares* have
the7privilege' until • March 11
converting them into common stock at .the. rate, of ohe share
preferred for 16 shares of common stock.—V. 161; p. 1469. "■
1943,
INCOME
645,769.
646,820
any
the* Government
to
17,568,6G0
railway_^.____
redemption date
of prepayment after Feb. 15.
larger portion of the company's prod¬
Internal
Revenue Stamp
Tax paid'
preceding yearl
the U; S. Government Advised
made
871,209
~
oper.
dividends
Federal
liability against the company
no
sales
r-.-
The directors have called the
stock
the
year
railway____
$1,272,862
$1,706,192.
730,882-
202,011 •>
»317,764 v
*
order
in
of merger between Shellmar Products Co. and. De*
provided that 318,856 shares of the common stock of
were to be issued for;•;all/of pthev.119,000 outstanding
shares of capital
stock of Shellmar Products Co. andv that 208,440'
shares of the common stock of the company were to be
issued for;
all of the 5,000 outstanding shares of capital stock of De Graff Corp.v.
In connection, with
the entire program/ the controlling stockhoki-J
ers of De Graff Corp. and Shellmar Products Co.
considered it advis-I
able that the company should acquire the 40%
interest of Morris
Paper Mills in Self-Locking'Carton Co., The underwriting agreement
contains
the* commitment
of Morris Paper Mills to sell such 40%;
the
(D. A.) Schulte, Inc.—To Redeem Preferred Stock—
.
Government
income__^ r
advisable
deemed
agreement
Graff
>
1942
1943
$1,700,920
stockholders
in
products of Ouch companies.
-Earnings^—
w 1944
$1,359,939
"'1,042,310 ;
Products
the
to/be- taken
step
,stockholders
Chicago,
of
Co.
r' '
■
& Mexieo Ry,-
•
5,811.652
income___
1,684,814
♦Delicit.—^V. 163, p. 111.
of leaf
.
in
Trust
■
K'jrWX'.-/:■ 1945
railway____'
from
from
Net
averaged inr grade by grade, with tobaccos on'hand and thereby
cost of euch\grade- is established. ••
:
More Camel -cigarettes were sold irt
1945 than In any previous
-year.
Likewise, total, sales., of all company products; expressed In
dellars were« larger than: ever before',
evidencing not only the in-'
creased / unit■: volume -of
Camel cigarettes,
Prince
Albert. smoking
tobacco and iother products/but: also the fact that in 1945, following ■
reduction
*'
'
Feb.
on
the
first
the
bonds dated
10, next, at
serial
mortgage
at
of Shellmar
approved by
merger
unanimously
redemption
be made
-
railway__j.___
oper.
Net
is
average
the
for
will
jviir From Jan. 1—';^1'
inff
crop is
a&
called
•
from
Net
Net
to
year
purchase
first refunding
been
Payment
Louis Brownsville
St.
series
notes
of
has
interest.
December—•'
runs
these
on
Co.
and
De
Graff
Corp., was/
of those corporations as
obtaining simplification of the cor¬
porate structures
of the
affiliated companies and
definitely con¬
solidating the business and assets of Shellmar Products Co. and SelfLocking Carton Co. (the second step being the acquisition of Morris
Paper Mills' 40%
interest in Self-cocking Carton Co.t -which such
V,:v
^
'
pared: .with $208,436,451.' at She end of 1944.- This-; increase in 'In¬
ventories,- while principally due to increased quantities of leaf tobacco '
which the Government' permitted the company to purchase following':
lurger production by growers as permitted by the Government, reflects
also the somewhat higher prices'paid fdr leaf tobacco.
In accordance
with the long established accounting practice of
the.company and
,
the
^.r
exceeded
like
with
1944.' Inventories
of
assets
current
1945,
31,
$199,695,064,; compared
end
for
The use
Dec.
the oifice
was
The
carrying .dividends from July 21/- 1945.- ■ Stockholders of record on
July 7, 1945, were given pro rata rights to subscribe for this. issue.V"
i Under
the five-year revolving or stand-by credit for
$100,000,000
with
issue
-
1941,
and
Chicago, 111.
-
pany
entire
10,
Aug.
stocks
common
merger of :Shellmar Products Co.; and De'Graff
became effective on Nov. 30, 1945.-. Shellmar -Products
incorporated in Delaware Feb, 14,
1927.7 De. Graff Corp.,?;,,
which was incorporated liv Delaware March
30,
1936, was engaged
In the business of investing in securities.
At the .time of the merger,
60%
of the outstanding common stock of Self-Locking Carton Co.
(111.)
constituted
the principal
investment of De Graff Corp,rand
St. Camillus Institute (St. Camillus Hospital), Wauwatosa, Wis.—To Redeeni Bonds—
;
amounting to $1.60 per -share were paid in 1945 : as dsatnst $1.50:
per share in 1944. '
v
"
V '. In 1945 the company's certificate of. incorporation was
amended;
to authorize $75,000,000 of par value of preferred stock.
The com-,
,
at
Monday/February14/1946
which
Corp.,
Co.
;
per
ment
is being made
Co., Milwaukee,' Wis.■■■;
,
share for .1944.
The company was, not subject to excess
profits taxes for 1945 and .in addition to earnings for
that year;
became entitled to a credit for'excess profits tax carryback adjust¬
$1.71
Payment
|g |
r
the result Of a statutory
*: r
:
(Wis.)—Bond Issue Called—
issue
deduction Of dividend requirements of $765,983
preferred
the
est.-
the year 1945 amounted to $19,229,310, compared
for 1944, after provision for depreciation, taxes and.
all other charges. - After
J
-
"
;
for
with $17,187,757
adjusted
outstanding
:
■*.
*
Net
all
—
y..;
.
17, said:
Jan.
includes
162, p. 882:'
'
Roosevelt Manor, Inc.
(R. J.) Reynolds Tobacco Co.—Annual Report--
£
,
§§ 4
& FINANCIAL CHRONICLE "
the preferred and oommon stocks.—V.
Electric Co.—Calls Stock—
unexchanged shares of 7% cumulative preferred
for redemption on Feb. 10, next, at $110 per
called
stock
share,
accrued dividends of $1.94 per share.
Payment will be/made at
Manufacturers Trust Co., New York, N. Y,
Immediate payment
be made of the full redemption price and dividends to Feb. 10,
1946,
upon
presentation
162, p. 3190.:;.
certificates.—V.
;■;//'/:/:%//%/•
and surrender of said stock
'"V-i
(Continued
v
on page
694)
r
^
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 44611
Stock and Bond Sales
New York Stock Exchange
«»
AlLYWEEKLY
NOTICK—cash and duirm o*liv*ry mum ar*
YEARLY
-
disregarded in the days rang*, nnlesa IMJ ara the only transactions of the day. No account is taken of snob sales in computing
v| Daily Record of U. 8.
the range tor the. year
Bond Prices
f .,V;~
Treasury'
2%s, Sept.,
1967-72
—
Total sales in SI,000 units.
High
2,/aS, Dec., 1967-1972.
Low
«...
Close
'Total sales in $1,000 units-
2%s, 1951-53
Total sales in $1,000 units.
High
I%8, 1952-58....
Low
...
Close
Total sales In $1,000 units.
High
Hign
Sy«S, 1954-56—
Low
.
Low
—.
Close
Close
Total sales In $1,000 units.
2YtV 1956-59-..—.
—i
Total sales in $1,000 units.
Vyy'l' :
'
i•'
'
2%s, June, 1959-62
Total sales in $1,000. units.
2lis,. Dec., 1959-1962—..'
Total sales in $1,000 units.
.
THigh
High
2s,
Low
Close
Low
1947
[Close
*
Total sales in $1,000 units.
I Hign
2ir Maroh 1948-50—
,
k.)>;'.■
.4 Low
•'$£?.%.
.;«•/
I CiOse
■
Total sales in $1,000 units,
I
High
ts, Deo. 1948-50———..i.——
Low-
Higti
A
LOW
(Close
Close
Total sales in
>.v^ov"<s
•
High
$1,000 units.
- -y
Jttigu
2s, June, 1949-1951.—i——
Low
.[ Low
[Close
Close
Total sales in $1,000 units
1 High
2s, Sept., 1949-1951
_-{ Low
■kAy '•r-iy:**',*;•* A* >•/ .[Close
*
Total sales in $1,000 units
y-r
High
ry ,«•.:»
2s,
Low
\
—
'
f High
;
.] Low
1949-1951—V
Dec.,
(CMpSt
Close
Total sales In $1,000 units.
"fHigb
*8, March, 1950-1952.
Low
<
(Close
Total: sales in $1,000 units^
1950-1952...
Sept.,
2s,
•
V ;•••'■
t
'i
'.
Total
£\(rVVry-VU.
High
-
sales In $1,000 units.
,j
2* t95Xrl9a&_.
Low
Close
sales
in
$1,000 units.
Total sales In
$1,000 units.
Total
1951-55
tS,
J Hi
Low
Close
[Close
Total sales in
1 High
2$,
Low
I Close
$1,0004units.
1952-54.
Dec.,
Total sales in $1,000 units.
(High
"THIS
Is
Low
LOW
1953-55
Close
[Close
Total sales In
THigh
1%8
Low
$1,000 units.
1948
.
[Close
[Close
Total sales In $1,000 units—
[High.
—| LOW
1%S, 1950——.
8%s, 1966-71—
■
>
:
2s, June, 1952-54
Low
J
1
High
f High
.-{
'
■<
Total sales. In $1,000 units.
[Close
Total sales in $1,000 units—
-
102.3
102.3
102.3
- 4
{Registered bond transaction
•Odd lot sales.
2%s, June 1967-72
Total sales in $1,000
units;
N EW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Saturday
Monday;
•
Jan.28
Jan. 26
9 per
share
J
par
96%
113%
'
125
_
/
share
•97%
-113%
125 >
18'
33
33%
23 Vb
23%
55%
*124
55%
41
.
.
41%
-
128
34%
! 23 %
40% :
18%
56%
57%
*130
9%
8
8%
9%
y
yAS
135
:
*52%
:
;
.
39
.
-
'
39'
'.'"I
9%
7%
67 y4
64%
8i%
78
45 J/2
47 Va
46%
47%
46%
47%
28%
37
106
.
23%
29%
'38
footnotes see page 671
*105
24%
201%
110
'
24%
105
;
,
*105%
24%
200
110
■'
110
•
19
35%
36%
24%
24%
24
*51
•
17,700
4,200
24,300
54y2;
/
,38%
18%
19
56%
57%
:^5R%
131%
400
-58
133
*127
39%
133
M?Vh
$ 64 ""'
81
204
125
is y4
54%
9%
/V8%
65%
66
80
.
113%
*120
18%
10%
69 y4
23%
;;
:
:
STOCK
YORK
39Ya
1,900
.
^
25
200
V4
*106
24%
199
15,600
"10.POO
150
9'/8; 10 y8
$
t
;■
7%
77/b
64%
63%
78%,
79
46%
45%
46%
'5 43.200
218,700
65%
78
*77
46
9% ;
7%
20%'
-
112
*106
24%
24%
199%
27%
28%
27 ya
28
27 Vs
28
37%
38%
38%
39?%'
38%
38%
198
V
112
15,400
,
;
■
'
24%
200
27%
39 c;
>
:
,
,
7.700
,
;
.40
£ ;;• 1.600
■V-P-: 3.000
Lowest
'
"
$ per shate ;
Abbott Laboratories
i%
No par
100
preferred...——
Corp
Corp.
Reduction
;
Inc.—
No
19% Jan
44% jan
10
1
par
Jan
32
3
17% Jan
3
52% Jan
4
Jan
9
8% Jan
1
-.100
5% Jan
3
3
52% Jan
$2.50 prior conv preferred-No par
68% Jan
,5%%
Gold
Min
Corp
pf A with $30 war
Alghny Lud Stl Corp.
>
Alleg A West Ry 6% gtd—Allen
No par
---100
Chemical
Allied
Mlled Mills Co Inc-
Jan
38
105
v
Jan
1
21% Jan
185% Jan
5
22% Jan
No par
33% Jan
Dye——-No
Kid Co...,
8,100
&
122
par
Industries Inc
Allied
.
60
36 Va Feb
1
24% Feb
1
57
Jan 29
41% Jan 28
100
Sa^Vicksburg Ry
Juneau
Allegheny
Dec
19
4
3
4
10
Alabama
Alaska
17
128
3
3
7
69% Jan 28
Jan 28
Jan 29
Jan 17
Jan 30
Jan 17
82
47%
25
106
.4
25
2
210
7 {:
29%
3;i 39 >
3i:
,
20% Feb
1
58 ■ Feb
1
133
Feb • I
10% Jan 30
8% Jan 28
Jan 28
Jan
30
114
Dec
17% Dec
Jan
_
Jan
38% Jan
,
;
98%
6%
2%
34%
5622Vb
91
13%
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
153% Mar
15y8 Jan
27% Aug
^
v
9 per share
88
Nov
115
Jun
9 per share
Apr
Mar
Jan
Apr
2
.
.
Highest
;
9%
25%
13%
32%
22 %
Jan
Par
No
■
60% Jan
lliy4 Apr
31% Jan
112
Lower.!
1
Jan 24
Jan 10
Feb
1
98 ya Feb
1
Express
Corp
Address-Mutigr
Air
t per share
116
151/4 Jan
No par
Co
Adams-Millis
Admiral
4
113li Jan 28
10
Motors
Acme Steel Co
Adams
82 y2 Jan
Year 1945
Highest \,Cv
2.50
Abraham & Straus
ACF-Brill
8.000
28
38%
v 11,300
Range Since January 1
EXCHANGE
'
82
10G
*111%
150
33%
/
18%
51tf>
135 S;
*130
—
8%
23%
*51
56%
9%
800
17%
NEW
Shares
98%
'35%
35
■
18 Va
•
67%
202
113%
125
3 7 V4
54%
80%
For
*111%
23% & 23 %
40%
18%
35%
1
130,
9%
35
.
98%
*120
18%
the Week
$ per share
97
96
113%
125^
17%
/
57
.
19
57%
*122 :ii
23%
54%
.
18%
'
i :V
34%
,
99
*97
*111%
18%
•
9 per share
9 per share
100
113%
Sales for
Feb. 1
Jan.31
R»n$r® *or Previous
STOCKS %
%
Friday
Thursday
Wednesday
.
;(>;yJan.'80 ;
18
%
56%
130
Tuesday.
Jan. 29
9 per share
:
97%
114'.,
17%
,
i.
.
-
35
21%
47%
34%
21%
56 ;
122 >
9%
6Mi
60%
74
Dec
Dec
Dec
Nov
Dec
Dec
Dec
Nov
Dec
Jun
Dec
42 y4 Dec
108
Dec
25la Dec
194
Dec
24y4 Dec
36»% Dec
FINANCIAL CHRONICLE
THE COMMERCIAL &
662
Monday, February 4, 194&
NEW YORK STOCK RECORD
Jan. 26
#.#
,
Jan.
,
#
541/4
•
'»
44%
81
27
28%
'*135
137'/2
100
200
15%
200'
200
15%
101
200
151/2
99%
151/4
991/4
;
391/2
.
146
28 %
*70
*70
30%
9%
8%
20
40
10%
11%
,
119%
120
40%
118
41
37%
*61
28
151/2
V.'
120
.
lll
,.
39
38ys
19%
19%
19'/V
40
39%
39
40
,112
101
98%
99%
36%
36%
,
*31%
32'/2;
44%
70%
•
15'3
##
35%
35
353/4
973/4
98%
38%
38*
38%
38%
38%
33
32VZ
32%
32%
44%
445/e
73%
70 JA
717/2
181 %
*181/4
181/2
175 #.
49%
>
1701/4
169
27%
28
;
32
33 %
32%
57
57%
#153%
153 %
1
.
A
>
193%
92%
93%
89
91%
86
93
87
120%:
.# 54%
55%
*110
110%/,
149%#;
1491/4
# 141/4
52%
s
149 y2
:
*761/4
69
*118
167
26%
110%
.
26%
69
48% ""
114%
45 % " 46 % *
21%
22%
10%
10%
29%
30
22 J/4
•
:
#;
13%
57%
50
•57%
50%
47%
"49
I
47%
473/a
49%
55
47%
48%
48%
*22
29%
30
30
307/4
14%
30%
30%
.138% 138%
# 57
57%
*137
*109
112
26
*25
26
25%
19%
19%
19%
19%
19%
191/4
50#
50%
50
50 Va
49%
493A
57%
1 112
*109
56
112
:
300
,
19%
19%
50
501/4
'
*139
*134
139
;
RO
.
136
136
,137
55
52
52
*50
•105%
106
108
119
118%
.19% ;.8i
79%
79
38%
38%
39%
39%
84%
84%
84%
85
37%
/
A27%
37%
II91/4
271/4
56%
120%
27%
28%
.'
&
56 y*
56%
91%
38 y8
120%
37%
II91/4
93
*132
133
♦28
31
18%
:
34%'
135%
12%
12%
75
#
75'/2
*132
•
y2,
121
37%
36%
141
40%
85
85
79
36%
'
121
37%
;
27%
56%
56
93%
84
132
,
132%
*27%
*18%
191/a
117
120
U8%
371/4
35%
371/2
7.9%
13%
13%
79%
.
81
80
81%
37%
30%
38%
38
'• 373/8
.
46%
47%
46%
/,
47%
*23%
241/4
24
24%
23%
24%
80
U
80
;.
53%
29%
30
•
;
80%
47%
.
19
56
54
1
'■
533/a
55%
24
24%
25%
251/2
25%
29
29%
30 3%
43%
44
*651/4
►108
105
66
66%
708%
;
708%
105%
105%
Fop footnotes
see
28
29
Jan
10
176
353/4 Jan
30
153/a
98% Jan
38% Jan
24
75
page 671.
66
>
*108%
106
;
Tobacco
/;/
". ' #: >
66 3,4
109%
106%
;
Nov
33
Jan
24
17%
Jan /
31%
26
32
Aug
29
40%
Jan
44% Nov
68% Dec
3
181% Jan
15
164%
Jan
2
50/4 Jan
30
170
8
Jan
40% Jan
Jan
4
50
Jan
2
33
Jan
17
28 % Jan
4
33 % Jan
16
50% Jan
9
57% Jan
30
154% Feb
41
Jan
30
14
Dec
151
Jan
17
Dec
Dec.
60
Jan
29%
Dec
29
31'
Aug
128%
17
>
Jan 16
Nov
Aug
43%
Jan
I 22% Jan
-
Dec
50%
164
17% Jan
;
3.
93% Jan
51
>181
Apr
Feb
27%
30
27% Jan
>>
41%
153
31
7
Dec
53%
.
Nov
s
196% NOV
157
Jan
86;
Wks &
Jan 31
1583/4 Jan
2
23 % Jan
4
66% Jan
65
Jan
65%
Jan
91%
Oct
145%
Jan
161%
4
Dec
13% Mar
433/4 Mar
24%
Dec
69 Za
Dec
21
71% Jan
10
18
120 % Jan
16
116/a
27% Jan
15
8%
Jan
110% Jan
31
108% Jan
No par
29% Jan
128
3
Jan
99%
9
150
Jan
25
29
110%
;
.
.
31%
5% Mar
140
Dec
Dec
11%
Dec
Jan
17
60%
Jan
30
29 %
Jan
49
No par
51
Jan
7
14
38%
Jan
57%
Dec
,12.50
No par
43% Jan
3
24%
Jan.
45
Dec
112% Jan
2
July
38% July
12% Aug
113
Dec
—21%
MnU)g#,,.,,^^»^20
Andes Copper
P
W
5
Jan
60% Jan
51..
113
10
Jan
23
109
.
47% Jan
11
3
23 / Jan
29
8
18% Jan
10% Jan
28
4%
30% Jan
31
23%
Sep
63/a
Jan
27% Jan
4
.
—5
125/a Jan
3
preferred,,—No par
1% preferred
,,100
Armstrong Cork Co——No var
$3.75 preferred
No par
122/4 Jan
10
#24% Jan J2i.
of Illinois—
& Co
132
.
Jan
4
.
54% Jan
14% Feb ;
29
111>
109% Jan
15
27% Jan
9
Oct
Dec
127%
Nov
141
Mar
106%
17
Nov
9% Nov
30%
Nov
593/4 Nov
42% July
60% Jan 17
2
23%
.
102% Mar
1383/4 Jan
.
26
3.
107% Jaii
1
128% Jan
.
Jun
NOV
: 49% Nov
Jan
7% Jan
"
Jan
7
4j »/4 Jan
:
No par
7%
preferred——
1st
2d
5%
j
108
Nov
Nov
131% Jan
100
133
—No .par
105
-u-.. 100
Santa, Fe
Jan
15
10
Jan
19a/4
Dec
50% Jan
28
30
18
Jan
48'
Dec
113
Jan
140
>
Nov
31
ill
Jan
1393/4
Nov
45
Mar
2
.143
Jan
3
,
138
Jan
8.
55
Jan
15
Jan# 3,
107
Jan
31
4
110% Jan
11
120% Jan
12
>
103% Jan
,,.100
20% Jan
117
Line
RR
Jan
3
73
-100
Jan
3:
.37
Jan
—_,_,,_50
56
Jan
Atlas Powder,,————No par
#90
Jan
preferred,
6%
5%
conv
preferred—
100
Atlas Tack Corp.,—,
32,100
Baldwin Locomotive- Works,—---13
29%
283/4
29%
38,000
Baltimore & Ohio,—
:
Autocar
Co.
Ortrn
$2.25
6,700
^
nf
preferred,,——No par-.
conv
18
71%
40% Jan
:
9
Jan
56% Jan
30
973/4 Jan
18
60
133% Jan
15
293/4 Jan
29
4
12
5
20% Jan
3
126"
2
;
3
/
14
77
Jan 11
Feb
.
373/4 Jan 29
13% Jan
29
5%
81% Jan
30
.58%
Dec
33% Jan
24% Jan
3::,
38% Jan
30
Dec
131
;
|
Nov
29
.
Jan
3
>
Dec
20"%
Jan
3
9% Jan
Jan
27%.Dec
<.
Jan
59 % Jan
Dec
130
Jan
14%
Dec
Nov
27%
04% Dec
•
>
18% Jan
10%
83% 'NOVy
58
Jan
553/4
Dec
Nov
120
■
Jan
113
Dec
45
42%
30% July;.
Apr
14% Jan
29
Jan
Jan
#•
lio
Jan 31
7
17% Jan
>
Sep
28% Jan
25 3% Jan
116
30
Dec
Nov
83%
33% Feb
Jan
8
28 % Jan
'
172,600
129
120
Jan
101
48%
123
3
# 113%
Jan
85% Jan
14
Jan
pref series A—-—100
76%
403/4 Jan
3
84% Jan 28
# 36% Feb /F
52%
108% Mar
105% Dec
16
81
:
25
conv
Dec
2
.
Jan
52,
.
preferred.
Coast
Jan
x29%
11% Jan.
3
Jan
:
115% Jan
4%
90
5,100
18
45
preferred,/^,-,»^,-100
Assoc Investment Co
No par
Austin Nichols
.No par
2,500
63 prior A——No par
v/;/160:, V
-
Nov
112
49% Jan
5% non-cum preferred,,^/—100
/Atlantic Refining,,,.
25
800
/
36
Dec
"
81,
preferred
Mining
All G Si W„ 1 SS Lines..,—«—1
.
690
-
26%
100%Mar
15% Jan
3-
121% Mar
Jan
Jan
3
25
'
Jan
57
3
93/4 Jan
.
Dec
90
Sep
3
—No par
Woolen
29
Jan
120-
,,,^.,100
Elec——No par
178% Jan
:
23% Jan
..,,,,,*.14'
preferred^.—
Jan
87
Dec
10% Dec
#63
Dec
B
#
83
83 m
43%
82
44%: "
■;
44
52%
53
#
55
55 .#;#
29%
30%
42%
'65%
43
42%
*108%
109
45% : 45%
*24
'83
#■'
43
:
23% #24%
28%
29%
1033/4
.
Oct
Dec
73% Jan
92% Jan
333/«
53
105%
99
38
44% Jan
31
38
24
66%
30% Dec
•
4
800
93%
18%
45
.
Mar
8
25
38
23%
,
Dec
19% Dec
184
18% Jan
30
13%
24%
,
Dec
953/4
.;
Jan
17
194% Jan
81
44
,
104%
/
Jan
3
3
35/4
13%
24.
.
.
Jan
5
Dec
13% Nov
Jan
Jan
Jan
8
80
54%
,
86%
Jan
11%
20;
185
8
,8,800 : / Atlas :Corp_„,—
/
56
29%
18 3/4
f *51%
*55
'
66%
108%
105
543/4
101
3
142% May
Jan
Jan
28%
54
Nov
9,
440
>
116%
"
55%
24%
45
Jan
80%
•187% Jan
37%
# 29%
,
41
*
3
Type Foundries Inc—
Atlantic
11',200
132%
:
,
2,900
125
*28
'
55
23%
44%.
2%
28
# 47 % Jan
13%
46%.:■!.
54
Nov
Jan
24
Jan
100
80
23%
>#:;:44:#.
'
23%
.
41/2
2
203/aJan
3
147/
Atch Topeia &
1100
700
*132
36%
23%
82
46
54
55
'
86% Jan
No par
Telep & Teleg Co
Water
6%
4,700
27%
93%
117
,45%
##
82
45%
54-
23'/a
45
Mar
Jan
160
__
Sumatra Tobacoo.
13 'A
>
38%
•
29
i
55
*43 %
21
Oct
123
43 % Jan
'
.
f 6,800
27
■
27%
:
29/4
'
# 47-
Jan
Dec
5
-No par
Co—--——No par
.6% .preferred
85
"
: 45%
80
108
Oct
54
41%
,
28 3/4 Jan
,_,„„100
78
13%
79%
•27%
132%; 132%
*26%
29%
19
'
37%
46
80
3
14%
?
Apr
Jan
79
250
s
*
:;4o%
*121
56%
95
Jan
48%
28
25
—50
r
79%
36%
123 /
94
79%
:
78%
•
56%
29
46% -46%
53
52%
7"%
2
63% Jan
Artloom Corp
No par
Associated Dry Goods——--1
350
119
40%
/
Dec
47% Jan
_
200
118
85
28 V2
I
106%
// 118
40%
37%
Nov
15
>•
138
108
'
'
144
Arnold Constable
-
600
52
•
106%
783/4
122
103
39% Jan
$6 conv- prior
3,200
106%
403/4
.
Dec
Jan
Jan
83
A
? 3,500
141
137 •'
117
,
14%
Jan-
70
9
■if
11
Jan
118% Jan
10
96
Anderson, Clayton & Co
•
180
I
25%
*50
27%
122
37
13%
52
79%.
120%
29%
120
37 ■#
142
138
118%
37%
..*
28%
29%
51
2
Jan
27% Jan
Steel Foundries-^——No par
I#.#.;.:## ;•>#;#.
36
6%
1
Anchor Hoek Glass Corp
$4 preferred
3,400
;
19
109
39%
133
19
i
Dec
68%
Anaconda Wire & Cable
f
49%
56%
29%
77
109
15
353/4 Jan
;
preferred
non-cum
65 prior con v
800;
-
19
94y2
18%
13 #
>,
Dec
Jan
112
17% Jan
185»
conv
Anaconda Copper
1,200
56
48%
■
•
<
883/4 Jan
,,100
Preferred
;
'
112
.
19
28%
94
20%
36%
58
44% Jan 15
97% Jan
par
No par
...
Armour
49
*50
.,*84#:, "85
;
38
*56%
133
121
35
San'y.
60,300 1
14%
55
107: .4 107 >
106% 108 #r
79
121
18%
120
120
37%
12 i
29
.
18%
81
:
:'#28#;:s
.
56%
94%
92%
*132
77
par
Amer ZIdc Lead U Smelt
4,500
;
127/4
18%
106%
#118%
39%
84%
.
Mar
3
•4,600
25%
108
,
118%
79
*83
47
21
—No
30%
135%
25
137
Dec
Jan.26
Jan
..No
Co..
Paper Co Inc>..
Archer-Daniels-Midland
14:
112
142
52
Dec
10%
105/« Jan
News
preferred
1
*110
106%
109
38%
143
'
Dec
56%
Jan
Dec
15,900
48%
:
■/
137#:#'
141
106%
107%
♦118
119
i
142%
135
*105% 106%
*105% 106%
104% 105
*117
142
135
135
141
*50
141
25
1093%
Jan
Nov
10%
127/4
553A
*109
25%
25
Mar
91
383/a
"
26
Nov
Jan
22%
{
!*25- '
40
130%
30%
136
54%
Jan
1
9%
14%
127/a
56
*109
'
136
138 /
.
57
112
20%
••
14
.127,
Nov
Nov
Feb
$6 1st preferred—:
/
*3,100
/
10
*112% U4
*48
127% 127%:
Jun
8%
xll7%
Jan #
24
American
490
1C% /
57
'■
#
30.500
55
22%
14
2
17% Jan
43%
Jan
2/a
Jan
Am
30,400
,32 %
'48%
47/a
*109
,
/
10
14%
Jan
Jan 29
Jan 30
l<m
:
II,500
22%
127
27
96
,
6%preferred—*,,^.w^,„,100
^ American Viscose Corp
33,800
10%.
14%
29
29
Dec
19%
Amer
200,
/
23
127
Jan
Jan
13% Jan
5
35% Jan
Common elass B—
25
G% preferred ^.,^--,^^,,,-100
630
\
48%'
10%
•
Nov
39%
American
.32,100
15%
•80
~
1.12%
46
19%
Jan
5%
23
:
Jan
11% Mar
Preferred
.?
;2,90Q
10%;
*22%
IO/4
24%
Amer
>8,500
23 >1
■
28
1
Am
:9,600
147
15
'49
112%
11A
Dec
Jan
14% Feb-
;
15
/
500
:2,600
/
25%v> 263/4
47%
55
50y2
57
*112%
9%
18
115% Jan
>$5/;preferredi##.#/ij^/fc#i.lVO';;paf;
120%
*146.
49
54
Jan
23
.,-,,100
-American-Sugar Refining—.—,100
12.700
•
10%
138
137
137
57%
49
46%
#
14%
14%
*127% 128V4
128%/
*135y2
.81
48/a
3%
57
178% Jan
1,200,
49
194%
:^iio% iio%^
15/4
81
49%
Jun
30
Jan
109/a Jan
2
American-Stove
68%
68%
•
.
110/»
14%
83
48%
*112% 114%
.
29%
49%
57
48%
'
*113
101/4-10%
13%
:
*79
■si
15%K
Dec
1093/4
Jan
5
63
>
22
American Stores^——
27%
*,118
•
47%
48%
146
146%
■-
146%
14%
81
110/4
50%
146%
15%
48%
'
/
451/2
*21%
128
149 % /
14%
80%
57%
56%
*45 '
t
% 47%:
53
147
80
■#,'■#■ 47%-
57
46%
46%
*113 # 1141/2
29:i
1
'
,
*110
UOVs
„
27%
Apr
30%
15% Jan
Jan
'2,200
•6,400
167%
'27%
'120%
25
Jan
105%
100% Jan
13/ Jan
50
.18%
1
23
3
38 % Jan
Dec
28
Jan
21
Jan
69
31
'
48 ;
,57
48
49/4
*76%
30
471/2'
15%
#
110'/a
110 ya,
56%
149%
14%
14%
'26
#
27%
26%
26%#2T;;#
*1097/8
25%
13
Dec
"
169%
y8
70
*118
3
American Snuff.
-
26%
8
104% Jan
29% Nov
12% Jan 28
9% Jan# 7Jan
Oct
Jan
69
Jan 29
55% Jan
9
2
Dec
133/4
30
-Amer
154%
,
87%
88%
/ >88%/ 90%
27%: 27%
120%
69
70;
69%?
168/a
28%'
28
28%
*118
122
170%
169%
169
28 ya
50% Jan
11% Jan 22
1
33
154%
90
168%
32% Jan
107% Feb
99% Jan
-2,500
57%
193%
193% 194%
'
3
2
Dec
149
112% Mar
193/4 Jan
34,200
,
'/
32 %
87%
89%
92%
24% Jan
105% Jan
9
.
Nov
156%
/
403/4 Feb
6%
'31%
I ' *48%
193%
91%
;
49%
31%
57%
/
49'A
193%
:70> Jaij 18
14
127
42
Jan
.
40% Jan
120
/
'
154%
*48%
'
>
-
.
57%
55 Vk
3-
preferred
100
Safety Razor
18.50
American Seating Co.,
No par
Amer Bhip Building CoNo par
Amer Smelting & Refg.
No par
1,500
49%
175
49%
31^4
323A
*153
49 Mi
194%
.
32 V*
<
'it
1537,4
49
49
49
:
•
64^-Jan
/ 320
<180% "181%
/ >48%
*167
/
170
31#,,
29% Jan
:
110
3
•4% %
19,900
71%
703/4
:
.
48%.„ „48% \
/
■
33
57%
153
•:
69%
'
50
32
3
American
1,100
1,160
•://;44%-"44%-
497A
48/a
187
*
28%
69
•
32 %
170
*118
•
32%
56%
91%92%
'
49
:: 49%
32 Va
'
50%
>173:::;;-/
*166
32
152%
193%
50 "!
>
■
175
>48
'56%
27%
68% ' .68%
■
*166
49
91%
181%
181 %
49% #. 49%
*181%
49 %
I
121
44^4
71
32%
32%
1701/4
*118
43%
73%
181
#
*32%
44%
33
24% Jan
American Rolling Mill
2,700
73
7
;
Jan
Jan
3
Am Rad & Stand
S.290
387/4
:: 43%
Jan
-150
Feb
155.% Jan
»Jan 25
Jan
27
Jan
$6
57.000
98%
38%
90
91
i
190
38
:#' 33;
39
96
t,;
35
Preferred
'38'/a
44%
73 ya
10
>
# 199
Dec
67% Dec
-No par
American
97,200
97%
33
16
Amer Power •& Light.,«~,,*-No por
190
34%
192%
90%
-
..
91
v
7,500
19%
19
*182
98'A
152%
; ;
192%
1921%
99%
98%
19%
35%
32%
49,:
*89
18%
*182
97%
55%
321/2
49
19%
190
182 Vz
34%
47%
31%
.55.
*1521/4
*
70% Jan
130
Feb'
4074 Jan
__No par
No par
F ty Co
Oct
3
3
*
98%
*166
44%
■
6,500
35%
40%-' 49%
32
32%
55
,99%
60,800
111
97
181
175
44%
•31%:
110
34 Va
71/t
48%
<166
,18
97%
32ya
43%
,
-181% 181%
1
78%
18%
78
18%
34
'
37%
.
>44%
48%
7834
■I 410
4 850
33'%
98
70:
Mach <te
112%
121% Jan 10
37% Jan
Oct
Jan
Dec
Jail
£5
Dec
55%
.
,17
Feb
y-.
23%
10% Aug
1
89%
143
143
Dec
Jun
135
1833/4
61% Jan
Dec
80
Oct
15
50
Mach & Metais
110%
128
par
Amer Metais Co Ltd
97
■
s
*182
190
*182
190
31%
Amer
Amer
,
25
29
—1
,
5,000
144
29
17% Feb
94%
.
Jan
/•
Dec
#41%
:
Jan
par
No
;
Jan #
136
par
111
preferred
6,800
•
19 V\
20
190
of
9,100
>98%;
99 Va
99
100%
19%
19%
19%
1%
700
Co
19%
//143
,
Jan
#/57
100
Locomotive—
*39%
403/4-
Jan
69%
21
No
preferred___.
conv
19/8
17%
77/2
111 ##
110%
U2
5%
American
39%
-38%
-
42%
>-203/4
15% Aug
x41>, Mar #
Jan 21
Dec.
43 /
■/:;
,
14
2
Dec
161
Aug
Jan
No
preferred
71
Jan
:
106% Jan
1
Internal Corp..,
American Invest
320
:
28
201% Jan
par
preferred^iwu^»„,»i80
6%non-cun.
-
Amet
500
*117% 120 /
103
Sep
Dec
11'%
433/8 May
30
Dec
35 #
Jan
8
__10
Ice
American
18,200
109%
18%
18%
19%
18%
110%
13 %
com
#.
Jan
3%
Jan 17
>45% Jan
20
—1
American Home Products
i 100
50,
433/8
43
.
143
G%
2,800
13 /a
71
140
Jan
23
#
Dec
Dec
50% Dec
30
98% Jan
100
SS Co_
113%
17
.196% Jan 10-
American Hide & LeaVher«i..,-^l'Cv
15,700
50
.
American Hawaiian
1,800
.
-
19%
% /40% '
143
78%
#79%
77.
:
19
: :v 39
142%
142%
143
140%
;
/
i
14/a
14%
noo
102
15%. 1534
38% '
37%
.
v
.
50% /
'43y4.
118%
118%
19%
39
110
,
98
-
387/4
38%
19%
,
991/2
19
*182
30%
118%
39
*138% 140%
'
78%
79%
19%
20
;
110
99
18%
118%
117%. 118
38%
191/2
109
♦'#43%:
43%
118
:
13'A
13%
50 ;v
-423A;
■;
>1400
>
.
'
15%
•
50Y*'
*50 ya
•;..:43ya;: 44%
44%
1>000
r,400
Jan
29
*
'18,000
IO73/4
107%
14
.
15%
13 y8
13%
13%
50
18%
39%
,'
79
19#
13%
'
54%
123/4
61
*100/101
15%
41%
;
;/
12/e
107%
J.3
101
15%
1,600
24,400
62
12
107
:
110% HO/4
54
.
92^500:
,120
: Jan
/ 14
—ie
t>ugar_
Jan
50% Jan 19
58
8
Jan
3
10%
Amer European Sees—
No pat
18
Jan
4
20%
American Export Lines Inc—
1
37/ Jan
4
41%
Amer & Foreign Power..
No par
6% Jan
3
> 14%
$7 preferred
par
113
Jan
7
121%
$7 2d preferred A.—.
No par
33% Jan
7
43%
$6 preferred—,108% Jan
2.' " 112
v>8i700
13/a
61
117%.
13%
13%
*100
15%
40%
1
Cryiiai
1st preferred^——
Distilling Co stamped
American'Kncausi ir Thing
2,200
403/4
54%
"61
107%
20%
12%
111
54
63
*61
13,800
*1183/4
41 %
*109%
121/*
103/4
39
133/a
119
40%
54%
107%
50
■
127/a
119
111V2 : '
54
'.11%
13%
15%
13%
42y2
381/4
*78
■
*110%
101
*100
,
i
43y2.
41%
lO'A
/
No
Inc
Amer
3^400.
20%
10%
50
■
i/l420>
,
55 :/ •-•553/4
*20 :
20%
397/2/ 40
7
,
14 ya V
120ya
13 "
*119
107%
13%
14%
118
.
141
;
40
'
12%:
63%
107
50% #"50%
181/2.'18%
39%* 39%
*138
40
•
•
54%.
12%
-*ei
106
*i3
-
>
42
381/4
20%#:
112
54%
12%
13%
*117% us
•
20%
"
40%' 42 ya-
,
100% 100 %
V" 15 %1
15%
50%
41%
10%
14%
121%
13
•
*13
10%
American
4,100
107%
54V2> 553/4
Cable
&
38/a
share
48%
104%
Dec
7
134% Jan
preferred,w4w>iw--—-^50
>/>4Mt%
73
/
Chain
102%
per
#
Jan
153%'Jan 10
3
21% Jan
*-1
__25
20%
Jan 15
Highest
t
share
per
78
Jan 31 80% Jan; -9;,
36% Jan 8
41
Jan
978 > Jan> 2't ' 81% Jan; 28
conv-preferred>i^w,i-^100 :
American Chicle.—
Nonpar
American Colortype Co
10
I,500
31% .313/4
107%
.
10%
,27%
Radio Corp
&
Year 1945
share
11% Jan
35
-
3
Jan
■'<:
:5%
>
3610-
,
Jan
41
100
--Preferred*'.-
Am
.
303/4' 313/a.:
i 107
107
'
56%
41%
40%
*70
C
56%
20
.
310
147 /,.;
273A
>/
1
73
*70
101/4
'20•
'
1443A
56% '
55%
»700
4,000
150
150
/283/8
287/4
107
106'A
'
-
145
;
par
...11^,^.^.100
American Car & Fdy—-No par
,/1% non-curn preferred-,,—-100
'
-
31%
31"
-
107
>40%
Co——No
Shoe
146
5
9% Jan
4 /
69
Jan« 23
;
per
Lowest
1
55
Jan. 29
107% Jan 29
/
583A Jan 15
4
8
,
1
Can.
American
>
4^700
67%
130 >
40
Corp—
preferred
Amer Cable
'190
v;
,
Bosch
Brake
5%%
6;700
-
130/
/
148
145
200
:
,67
,
150
*147
73
<.70
.
,
■'
-
146% 147
28'A
28%
0
/. 32%
40 :■
,147
.147
#
*48 >#
■■■.'28%
9%
63
106
101
151/2
13%
*49%
150
'32,
'
v.
39%
/
1003/a
200
67 x ■
673A
*128lA 130
39%
40
*129
129
40 %
73
.
%
100
.
'i;
69%
68 %"
70 , '
128%: /
*71)
54%
12%.
13V2
12%
146
111%
63
V
106
•100
100%
200%
>v
Am
-
671000
17%/
I6/2
'
preferred',.—#
American
,
,
:
Petroleum Corp
No par
Agricultural Chemical-No par
6%
;
$
3
132
Jan
31% Jan
>
preferredw-^~w~-«*-50
Airlines
.5
-* #t»o> Ramt ,Notew-«^»iwA.u»10
.tj,
share
104% Jan
// 513A Jan
American
'■
5^901
#/;&/150>,
56%
134%
16%
16
100'/a
■
64
106
'
111
54%
12%. "12%
*53%
16%
16%
3 100
27%
56
'
12)
per
Highest '
/ 463/g Jan /5
Amerada
2,000
*133
•
2001/2
106 %
54%
■
*109%. 110%
135
—
Amer
5.000
81%/:
27%
-
700
783/4
#
Lowest •'
$
Alpha* Portland C«m—___—No par
Amalgam Leather Co Inc—
—1
;
1,700
38%
78%
Corp~k~..M.-.~.N0> t»«*
preferred—.
:-100
Range Since January 1
,
4
Stores
6%cnnv
44%
38%
*80
f
53
134%
.20l%'201%
.
41%
13
120%
/ 42
40%
12%
;
;;
•#100% 101%#
20'/a
20
19%
39%
57
136
:
*147
.56%
' 9%
9%
55
*135
#.
27%
27%
"55%
V
-
39%
32%
55%
57
56%
;
>
107
106%
28%
#
..
1,700
10,500
;148»/
-
' '
Aiuo-Oitttimers Mlg-l-—,_No pat
;
4% conv preferred—
.—,—-.-100
3,700
r
'•
11%
443A
38% :
81%
'
101'
128%
28%
73
31%
31
107 #
*106%
*80
201%
..
147%
281/4
27%
17
#..;# 69%
148
146
70%
1471/4
; #
•
79
78
38%;
,
100%
40%,
V
146
1471/4
281/4
*1441/2
'
v
;
201
.
128
127
,
39
::
4%
68%
147
44%
81
137:'
15%
/
.
69%
69
67%;' 68 »/4
*123% 126
38%..; 38%
38%
81
57
56
>
1
'
81%"
28%
*135
1471/2
'
81%
:
■
147%
'443/4
:
34%
*65
•
81V*'
79
.
;
28%
-
,
56
137%
541/4
::
55
*54
*135
-
81%
29%
81
27
.
68%
*85
>
148
•
11%
Allied
-
,17,100
135 V3
333/4
11 ;/
34
.
Par
300 ?
54%
134%
134% 139
EXCHANGE
8,700
•
107
54
55
34
.45: ■/; 45 %
81% ' 83 %
"38% ;139
-
,
*79
*144
45
*106 /
11%
69 %>
*65
.'V
149% /
149
44 v.'/ ##;/44###44;##
83%
84% •
831/2- r,
./
38%
38%/'
38
821/2
38
70
107
>'
STOCK
NEW YORK
Share#
533/4
•V53%
';#• 533/4
11%
11%.
$ per share
.
•
Bales for
the Week
54
*106
-
11%
*66
691/4
69/a
# 149 • 149 ■-
69
#>. 43%.,
11%
share
5 3'A
>135% 138%;#
'
34%, 34%
■
-
149
*67
9
11%.
,
107
56
.
55
35
34
34
11%
#•' 11%# iiv'2
*1451/2
56%
137%: 139%
.34
33%
33%
*106
107'/a
##: 56 # ' 56% '
#, 139140
t per
54%
541/4
55
54%
Thnrsday
;
'
share
s per
-
107'
107
54%
>,
135 ya
135
/
*106
106%
54»/2
106%
# per share
,
###54%#
54':-':-
54
1
,Jan. 80
:
Friday
Feb. 1
Wednesday
>
Jan. 559
,
I per share
$ per share
'
Taesday
•'v,
Range for Previous
PRICES ;
LOW AND HIGH SALB
Monday
V,
8»fvrd»T
66
.24
60%
44
•
.
1,400
108%
108%
108%
1O03%
106%
106
106
240
20,700 I
4 24,400
;
/
603/4
108%
310
/:/■
30%
66
i
,5.100
55%
.243/4
43%
#'.
.7,700
900
83 ■>/
43%
52%
29%
43
.
24%
1,800
2,100
1
30
400
^--100
preferred
100
Bangor Si Aroostook^.
———50
Conv 5% preferred
—100
Barber Asphalt- Corp——,,10
Barker Brothers———No> v*
4%% preferred
———50
4%
Barnsdall
Oil
Co—,
5
Bath Iron Works
Corp——,——1
Bayuk Cigars Inc—No par
Beatrice Creamery,
——25
64.25 preferred
————No rat
,
Beck
Shoe
43%%
preferred—100
3
#30% Jan 16
24% Aug
11% Jan
35% Dec
19% Jan
44% Nov
-12% Jan
#
23 ;
Jun
81
Dec,
28%
'
39% Jan
3
48% Jan
22
Jan
2
25
Jan
9
75
Jan
3
83
Jan
31
49% Jan
#
9
43
Jan
21
38;
Jan
Jan
54
2
53
9
.
Jan
25
66
17%
28
2
24% Feb
1
20% Jan,40% Jan
4
303/4 Jan
29
4
47
Jan
,
;
Dec
Feb
Dec
?,^/2 Jan
47
Nov
29
36
Jan
xlOQ
Dec
105
26
1063/4 Jan
Jan
31
Dec
243/a
'
"
108% Jan 21
"
# 54
..:
Jan
10
4
>
52% Dec
25
103/8
106% Jan
56% Jan
:
#42 #
14% Aug
'-•:
17
603/4 Jan
Jan
;#52% Dec
55% Jan 23
!
21% Jan
Mar
29% Aug
Jun
55%
110
Dec
Jan
.Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4461
663
NEW YORK STOCK RECORD
LOW
/'
Monday
/*// Jan, 28,' ' /
Saturday
Jan.26
< per share
"
16%
'16%
-left
"■
17%
Jan. 30
$
17%'•
'"17%,
^
45
•42ft,:
#42 ft
•22ft
•
139
/136 ;136 /
22%
:
139
'22%
23 ft
22 %:
'
33%
34%
29%
34%
29%
#1107a
112ft
53%
>.
'
' 54%,
56
■
31ft
30 ft
*110ft
112
112
56%. //■y66ft
-
30ft
31
38
39
38 ft
39
26%
26 ft
27ft
26 ft
263/4
101%
102%
105ft
104ft
155
155
:/
30ft
104
;*155'::>
157
:. 76 ft
76 ft
37ft
24 ft
24%
*31
32
*45 ft
*31
•45ft
111ft
■
ft'
46ft
112ft
32%-
32%
31%
•
£imy*
:
70ft- 71ft
.106% 107
71
*106ft
107
62 ft
*
62 ft
39%
186:'
51
52"
53%
54
10%
10%
*58 ft
61ft
*32 ft
32%
*68
75%
-
38 ft
>
■/"■
70 Vi
106ft
'
38 ft
52
53ft:
10%
10%
55%
53 ft
54%
11
lift
10 ft
10%
62V*
*60 ft
62 ft
61%
32
32 ft
31ft
75%
733/4
74
80
18%
19%
18%
6272
"
/
39,.
186-
51ft
.
52 ft
l03/i
13,300
7; 3,100
...:
is
32%
*60
*68
18 ft
18%
51ft
53
53 ft
58ft
56 ft
56 ft
*55
53 ft
52 ft
51ft
59
59
yy
31ft>31%
6IV2
7,77.;
*70
533/8
52%
59
/
65
18ft
187a
59
81ft
,
*58
59
V' 57ft
'
38
38 ft
111ft
39
39 ft
112
38
111ft
39
111ft
33%
33%
34
*37 ft
38 ft
37%
37%
*373/4
*35
35%
35%
35%
19%
20
21%
353A
21ft
19%
*126
128
128
128
Borg-Warner
38 ft
*37%
96
33%
353/4
21%
21ft
130
*127 ft
26 ft
97
*
130
25 ft
130
127 ft
■
130
967a
'
24%
26 ft
26%
26%
26 V*
263/4
26%
26%'
267a -2774
38
38
38'/a
39
39
39
39
39
39%
3974 / 41%.
*42 ft
42%
44 ft
45
45
45 ft
44 ft
42 ft
42 ft
42%
43
44
44
44 %
44
38
110ft
19%
14%
92
93
*91
90
90
28%
29
28%
*
14%
43
41ft
43 ft
111ft
*109%
; *91
90
31ft
44
417a
4474
41ft
42
.4374
44
*1 Of) 1/4
xl.91/4
:44ft
-14%
*110
193/4
14%
/
11172
19%/
,
-
14ft
14%;, /
'
32ft
93
93
8872
89
88%
89-
31 V«
;•
32
31ft
31%
31
67
Jan
257b
Dec
1
2074 Jan
32'A
Dec
46 3/4 Jan
23
110
363/4 jan
11V*
9
73% Jan
xl0872 Mar
497a
Jan
17
95
Jan
12
52 ft
7
40ft Jan
14
Jan
52
56
3
Jan
114
'
28
?;
17
23
61% Jan
30
347a Jan
9
72
-No
No
Forge Co
Terminal
59%
28
15
24
.39ft Jan
•37% Jan
22% Feb
Jan:
2
128
21
305/a Jan
3
Jan-
Oct
Dec
227a
Jan
V 18%
108V2 Jan
4
18
Jan 21;
13 ft Jan
Jan
20
Jan
377a Oct
39 ft Dec
94
105
111
*109
111
8
7%
7%
*109
83/4
/
111
*109
111
*109
v.
9
8%
>
111
III
*109
9ft
8%
87a
32 ft
87a
307a
317a
'/■
83/4
-
4ft ft
9
preferred
Copper & Zinc
Byers Co (A M)
17
2
9IV4 Jan
9
/
2574 Jan
4
■32 ft Jan
29
;
30 ft
30ft
103 ft
103%
34%
34%
32 ft
31%
:
104
317s
104
103
104
:
35 ft
35 ft
32
31ft
V
35%
350/4
35%
:
104
104V:
104
36
*3574
'31ft'
'7-
32
V::-'
103ft' 104
:
35%
.600
3
3
V 974 Jan
30
3
32Va Jan
No par
Participating preferred
997b Jan
t
::
Byron Jackson Co_
,1,000
100
.
No par
;
2
1043/4 Jan
16
33% Jan 21
/
.36
•
/
3%
15
95
'/NOV
273/4
Dec
110
Oct
77a
•
28
Jan
:
NOV
81
Jan
87
29
Jan
157b Nov i
777a Aug
591/4 Mar
14% Jan
105% July
28
Jan 24
Dec
Dec
203/4 Dec
Jan
Aug
'
*35 ft
36.
7,1007
1093/4 Jan
' Jan
24% Jan
109
5/Vv 6
:
Dec
39%
7ft Mar
29
Jan
75V* Jan-
100
Butte
.32,000
'
42%
1117a
Sep
13%
9'
£15% Jan
3
10
/;
3074 Aug
203/a Apr
14
Jan
Nov
Dec
2
Jan
25
24%
14
,
Jan
jan
■ 1,
46 72 Jan
109
Jan
10 %:■
:4i% Feb
:,
128
Jan
:
ft
'
*109
Dec
97
2774 Feb
43% Jan
10
Nov
20%
743%
45'/2 Jan 29
90
40
10%
y
3
V
V;
/
120
9
29
3974 Jan 22
1
Jan
35% Nov
.
383/4 Jan
—100
Dec
Nov
12% Mar
28
Jan
37% Jan, 4
preferred—100
36
112
Jan
23%
1- /
Jan
22'% Jan
;
Dec
July
21
11
3
97
•
35%
Dec
Dec
15
18
263/s Jan
-
:
106.
Jan
3
No par-
preferred
4074 Mar
31
3
V
Dec
18
39% Jan
93
,
Dec
52 ft Nov
35% Jan
V
par
/
Jan
373/0 Mar
lll3/4 Jan
223/a Jan
—100
Burroughs Adding Much
6,900
597a NO:V
37 ft
80
19%
4
120
5
6ft
jun
28
Jan
:
common—1
Bush Term Bldg 7ft
Butler Bros common
Nov
103ft
10% Mar
'
31 Vz Jan
Bullard: Co-——No par
preferred—*.^.
47
<
9
18ft
,.1
:
85
34 ft Jan
par
n
No par
Bush
Oct
/ 55
■
Jan
32ft
■
—15
new-.—-
$5 preferred
Budd Wheel
30
Dec
Dec
4574
17% Mar
3072 Jan- 22
10
350
401/2
367a Apr
51/4 Apr
4274 Jan
3
Dec
191
Apr
Jan
35 Vz Jan
4ft
Dec
Dec
677a
V
Jan
33 ft
.11% Jan
3
78
109
Apr
247a July
14
190% Jan
4
Dec
34% Dec
Feb
68
Dec
112
Jan
108
.
3
87a Jan
567a Jan*
423/4
Apr
Jan
48
Jan
-2
28
44'/4 Jan
v:
18'/2
Jan
333/4 Jan
11072 Jan
Watch Co. Inc
.
13 7a
3
7
:
Deo
9
4
-179
Nov
•33ft Feb
2
Jan- 28
155
Jan
3
Jan
62
■ -
IP
Bulova
■
Dec
25
8
J 104'% Jan
2.50
Burlington Mills Corp
-
.
■
.
59
6,200
94
38
2
18,200
317a
v
*92%
•:
12%
Jan
53% Jan
.
.143/4
93
89 ft
*90
93
!
8,600
193/4
Jan
■'>'?''' 'f' 7'*"'• '■■''*»'vVi'Vv'■
-v;
2,100
1914
Jan
23
5372 Jan
II Oft
Dec
48
3
2.200
1 .7
89 ft
90 ft
31
^
98%
127
477a Jan
Buffalo
Dec.
I 283ft Dec
30
l
810
Dec
357a
29
29
— — — .i
30
Jan
Nov
Jan
Feb
Co
Dec
63
/•
38ft Feb
19% Jan
Shoe
Dec
1097a
7774 Jan
3
Brown
i
5
21
•
"43ft
110 ft
19 ft
14 ft
'
15%
14%
v
4472 :/
■;
417a
'
20
19ft
90 ft
93
•;
44
44
157
.
Jan
19,500
7 1.900
,
■
42
443/8
109ft
193/4
15V4
19
18%
14ft.
*89%
#
*108%
*108% 111 ft.
443/4
42%
44
ft
•
r
Bruns-Balke-Collender
21,500
.
:
24%
24 ft
-
2'
Nov
35
103%
331/2 Jan
2
22% Jan 21
69 ft Jan'
:
Bucyrus-Erie Co_
mmimmm5:
7ft preferred—100
Budd CA G) Mfg
No par
70
2574
Jan
I67e Jan
400
;
967a
'
65
.—No par
1,600
24,100
25
',
977a /
967a
373/4.
73574-"
21% ::22ft::
*1271/2
:.
■35%' --25%::
-'
26ft'
97
-2,600
210
35
,
31
Jan
Briggs Manufacturing—
No par
Brlggs & Stratton—;—No *ar
Bristol-Myers Co New—
—2.50
374 % preferred-100
Brooklyn- Union Gas—
.—No par
4,600
3774
•
25
21%*'/2i:%z/
9678
•
38",
-35
:
38
341/8
Aug
25
Dec
297a
ft Aug
17
1
Brewing Corp. of America
1,400
■/ 111%
337a
22
14
110
__lo
Bridgeport Brass Co—
•
*110
■
V
33%
37%
38 ft
34ft
21ft
25 ft
26 ft
25%
95 ft
34
36
#127
;
333/4
^
.13.000
'
19%
17
3
Corp—
—5
(assented)-100
7:
'1'>'« '•"* ••'*'■'':" 7"V
Branlff Airways Inc
1,000
'
31
4074 Jan
28% Jan
Bower {toller Bearing
100
.
31% Jan
2:
<
Boston & Maine RR
.
712,700
58%
3734
,V37V 37ft'
111ft 111%-
38
1113/4
*1111/2
34
96 ft
24%
24%
95 ft
373/4
U1 ft
333/4
33%
':
'
•
♦111 ft
.
,
52 3/8
52
523/a
:
85 '
■
7
Jan
31V* Jan
26
31
^—100
—
6,400
,
■18Vz
18'A
187a
51%,
31ft
3074
17
33% Jan
Jan
par
2472
12%' May
18
Aug
Sep
'47% Jan
Jan
5
4ft % preferred
Borden Co (The)____^—
v 7,600
..
'
Biass
28
Jan
58
i..«8
Bond Stores Inc common^
400
•
357a Jan
12%
3
,
■Classpar
7 5.100
'
186
Dec
2374 Jan 28
93 74 Jan
100 V 149 Vb Jan
No
&
Dec
136
23
28
No par
Co^-i
Aluminum
42
Jan
Jan
V
Bon Amt Co class A______>_lVo par
*1072
'
Bohn
Aug
527a Jan
;
177a Dec
;
35
114
111
?
..1
(Del)_
preferred—_—
Apr
15
29
3
par
...1
420
52
52
No
.
320
5i%
10ft/' 10%
•
39
3878
Loan
—
9%
Jan
Jan
.
4
/ 30
Jan
Bloomlngdale Brothers
!
No par
1
3878 Jan
.Blumenthal & Co preferred—
-100 V 109% Jan
Boeing Airplane Co
v 29 ft Jan
-
i
^
657a
*178
517a
C0%
80
18%
-
,
.
: ;
.
"17% Jan 28
-
Highest
I per share
per share
25 7e Jan
6
Bliss & Laughlln Inc
19,000
:li400
'
V 69ft ' 69ft:
105
1067a
Year 1945
f
10874 Jan
100
Aviation
Blaw-Knox
10
3
i_10 :
i
preferred
Foods
7%
'
.
51
31%'
*60
•
45
32
v
Blgelow-Sanf Carp Inc
;,_No per,
Black & Decker Mfg Co__
No par
500
1107a
3174
Howell
Bethlehem Steel
13,000
v
&
Best
3,800
*
33ft
-45
61%
323/4
>
63 ft
38'%
^•176 :
>
-y/
51%"
53 ft
;
63 ft
247a
/ #110
.
107
107
'
51ft
;
32
G&i/a'' G9ft :;
*
39 ft
185
185
.*
52
""
V,
■
111
31
106ft
63ft
63
393/0'
186
503/4
v*44:ftV40
-
32%
43
1,200
/
Range for Previous
139
21,300
J 800
,
3872
:33ft
'
5
Best & Co
8,900
.
• 75 ;
24%
33
*1097a
32
70
623/4
'
46 ft
•109ft 111
v
70ft
186
39
186
50%
333/0'
107
62
39
50 ft
.
107-
62ft
62
186
38 ft
*178
323/4
69 ft
243/4 v
*32%
;
38
24 Va
;
33
*45
•45ft;ft46ftu'v'
;
j 75
38
3
50
Beneficial Indus
3,800
,
159
#157
'■
V
15 -;
3874-
-
V
107% 1093/4
159
75
'
14% jan
Bench*
"1,800
-
••
per share
39 ft Jan
47i%
12,100
27
l 'v
Corp«-/-«.—
i
per share
Backing Co
20
127
Jan "7
Belding-Heminway
-No pat
:>
2074 Jan
3
Bell Aircraft Corp—L-x——i V 26% Jan
3
10
31
''' #
Par
Creek
Bell
::
: 37%,
«
'
Aircraft
-
3,100
v
•
561/2
26%
105ft 108
25
32 ft
32
37
.
.
-
37 ft-
112
307a
.
38
'*157%
77
24ft
.
*109% 111:>■•■■;
:
33%
157
75 ft
'
/
31'%
,
323%
327a
#109
-.J
/jZHange since January 1-
Beech-Nut
,
•
'3074 : 30ft:
-
Beech
Beech
400
2,600
9,400
\
2274
56
,267a
V
'v ':
^ ^
:;V.
-STOck/ZV
l*
'
;"V7;:7:20/
.
139
22%'
r
26
STOCKS
Lowest
15,800
•
V42ft
'
C
#36 W-
26%
no
/'
'37
25-:
32
38ft-J
s
''
FfEW' YORK
;
Shares
i7ft
42.
*13572
'
:56ft
157
37%
.
30 Ve
110ft =
106
»
77 ft
37ft
,-243/4
:
'32
*109%
46
*109%
/
38
:/ '26%
158
76 ft
36%
24
23 ft
155
:vc
35%
75
;
S!
108
in
■
^0 •
30%
112ft v : 1107a
55ft
56% "
30ft; 31/>-, ;U; 30 ft
•<:
31
38 ft
26%
73
I7ft7,;
V
-
137ft 4
30ft
•110ft
56%
57%'
38 ft
35%
17
■
•
■.
-
'
*23%' 30ft'
1 per share
•
v
35ft § :
31%
;
34ft
35 ft
30 ft
*110%
44
137ft
'•!
the Week
•42ft ' 44
'*135 v'14o:/V:;
»22
' 22ft
-22ft
22 ft-:;
/39--a'-:34'v-v: •••32ft " 323/4 v:
44"
-
'
136
22ft
-
17 ft
16%
Sales for
Feb. 1
t per share
share
per
V:/Friday
■"
Jan. 31
'
*42 ft
45
*134
v.Thursday'/
Wednesday
t per share
S per share
y
*42 ft
Tuesday
Jan.29
,
■••.■vV'"
AND HIGH SALE PRICES
Dec
Dec
'
1017a Feb
39
Nov
I:. 2274 Mar
-v
43
»■'
44ft
43ft
43ft
ft
•54 ;C
54
54
*
rt':-44// 44ft
X43ft
54
54
55
4%
5Va
11%
12ft
12%
12%
12
34 ft
35%
36%
36%
37
*47
47%
47 ft
54 ft
21%
::
54ft
22
67
*56
47 ft
|
31%
79%
*9ft
45 ft
9%
-
:
64%
*108%
24ft
24%
25%
21ft
21ft
20%
28
28
28
21ft
28%
11%
13%
11%
lift
12%
13%
13%
13%
24 ft
46%
9%
:
:45%:
-
185
*180
.75
32 ft
129%
7
22 Vs
21ft
,:V-65ft' : 66'A
'■/*>
•
180
467a
45 ft
V
*180
76
467a
161
257a
12ft
11%
12
13 ft
1374
12%
1274
13%
114
116
12%
*115
:
117
ft
5,800
160
257a
21%
21%
2874
,
'12/
123/4
22 ft
23
23
41ft
42
41ft
23%
41ft
*27%
;29ft
*27%
29 ft
29 ft
293/8
17%
50
17%
493/4
' '
117
*115
37
37%
48
48
49
49
;50
114
113
114
113
113
*103
108
103
103
103
103 V"
20
*20
20
59;
-58%
58%
17
17
;17ft
25%
/
25 ft
:
/
ft
20ft
60 ft
17%
17
253/4
*
1678
32 ft
323/4
39%
40V
v
373/4
V^81V:
:
16%
•
32%
"
40'
36
36%
38
80%
81%
823/4
40ft
40 ft
41
42
42%
73
73%
74%
75
74%.
75 ft
34%
35
35 ft
36
36 ft
36ft
'
*56ft
67
/ *24
1
1
22
21%
29%
83%
■i.
'^.23%:
24
*23 ft
112%
" 103
^
r
112%
59
*567e
40%
/<■»««
*152
23 ft
'•
*107
101ft
.
'
100
-
100
Z
156
■
59
"
«
Champion Pap & Fib Co_
-
41%
•
7474
36 ft
35 ft
36
-
59 ft
3*6
For footnotes see page 671.
~
233/4
227s
2172
2172
13 ft
127a
123/4
55 ft
30
30 Vs
ft
.
-
*837a
23%"
4672
*45
110
23
:
70%
233/4
*102
111 ft
63 ft
100
100
57
64
108
23 ft
57
^
:
41
42
58
59
*152
156
,
:
ft
-100ft
58
*5774
"-".41ft
: -
58ft
'*152
587a
156
:
63 ft
58
58
-*152
V 156
,
32
12,600
::/ 6,900.:
86%
iio v;
237a
1,500
70%
1,200
230
105
637a
I*108
V
300
,
V
*5774
423/4
57 ft
;-'*'l54
/
Jan
Jan
93/4 Jan
Jan-
'
102
■
58
30
V
•
43%
58
Dec
Jan
333/4 Nov
827a. Nov
152
47% Jan
37% Jan
71
Nov
6672
Dec
110
Jun
161
30
159
Dec
Jan
127
25% Jan 28
.
217a Jan-28
29
/Jan
;
13% Jan
/Jan
117B Nov
109'/a Jan
28
3274 peb
% 20V* Jun
1
517» Jan
16
18% Jan
29
1193/4 Jan
321/2
Dec
33
Jan
5072
Dec
16%
Dec
10
.;:7,;.': Jan
108
Nov
180
Jan
31
2174 Mar
33
5174 Jan
15
287a
Jan
17
1083/4
Oct
43
114
,
Jan
41
11
111
Jan
21
Jan
2
601/4 Jan
29
•
,331/e Jan
II43
Jan
24
;•
-
7
.37
Jan
5%
Chile
CGPP6T Co————25
5274 Jan
City Ice & Fuel—
No par
2flft'Jan
City Investing Co_
—No par
68V2 Jan
V 5ftft preferred---^-———-100* ;104*. Jan
City - Stores., -.
V—5 V, 22 / Jan*
3
4
3
3:
3
r;
240
.
10
20,800
2,600
-
,
:
—
Jun
341/4 Jun
27
Jan
661/2
Dec
33
54
Jan
Jun
66
/ 25 ft jan
Nov
49ft
Oct
? Dec
74
:
24%; Oct:
17
Dec
Dec
5972 Jan
11
49
Jan
591/2
673A Jan
17
54
Jan
64
2574 Jan
2272 Jan
2
11
1474 Jan
9
/ 46% Jan
141/ Jan
14
30
Feb
15 ft
;
15
1
80% Feb
1
107
"Jan 11
X24
Jan
9
18
Jan.
Jan
47av Jan
16
v
915/b
Jan
14074
42 ft
Jan
58
Aug
Jan
/ SO
/ Deo
20%
24
10
Dec
681/2
Dec
31/
Jan
98
Jan
105
Jan
25
Nov
727s
Dec
9%
49
- •Tail
Feb
Jan
1093/4
44
115
Jan
Jan
5372
1
3474
:
35%
Jan
140
Oct
68%; Nov
59
Jan
Apr
Jun
1107a Apr
100
Jun
Jan
18
/
£55
Dec
io5" "May
1063/4 Nov
9372 Jan
14
16
Nov
—
—
on/;;/
10
Dec
15
."■'.-48'--':
170"
10
Dec
Dec
X23
j
Oct
Dec
//; 27//
Jan
293%
1
5672 Jan
.32;/Feb
114
717s Jan
Equipment——.——No par
65.
Jan' 22:
Ry. Co
—100
;
v
5ft preferred—
100
11372 Jan
Clev El Ilium $4.50 pfd—No par V. Ill V* Jan 31
643/4 Jan
Olev Graph Bronze Co (The)
1
57% Jan 22
1087a Jan
5ft preferred—.
100
107
Jan 26
1007a Jan
Clev & Pitts RR Co 7ft gtd
-50
99 7e Jan
3
.57
oan
Special gtd 4ft stock
-50
57
Jan 14
433/8 Feb
Climax Molybdenum.—-—-No par
37% Jan
4
59 ft Jan
Oluett Peabody & Co
—No par
52
Jan
2
i58
Jan
Preferred
100 ;<v 1527a Jan
2
Clark
Jun
1272
:
Jan
Oct
Jun-
371/2
:
*
Chrysler Corp
——
.»
1 Cinn G & E Co pfd 4ft series—100:
C I T Financial Corp—
No par
Dec
Dec
58%
12%
Jan
157a
Nov
26
Jan
''24
-
28
4
:
67b Mar
8
387a Jan 29
22
Jan
157a
1872 Jan 23
267a Jan 28 ,
,17ft Jan 25/
Oct
•
307%
.Jan
147b
Sep
55//Dec
112
47% Mar
30
Jan 21:
Jan 8
Jan
3
Feb
1
NOV/;
•
Jan
17,:
127a
42
1307a
114
40;
10%
•
;
!
13% Nov
11574 Feb
10% Apr
125
Mar
17
Jan
,
Sep
317b Dec
11% Dec
29
23% Jan
42
Dec
21%
Jan
207b Apr
4'A Jan
24
116
2574
Jan
187a
12% Jan 29
:
Jan:
14%
y
15 :.
75% Jan
237a Feb
,
Dec
£ 104% May
43 72 Jan
3/
4
1
"
Dec
Dec
175
Jan
;
15
3/
Jan
10
483/s
Jan
14
'
156
Nov
49
66 ft Jan
2
4
56
Jatt
6ZV* Jan
;
Oct
135
1097a Jan
823/4 Jan
—1019% Jan
Oil
56
Jan
59% Aug
51/4 Jan
15
>
Dec
Mar
—
320
1,200
108%
.
Cotton
2
3;
Jan. 22
29% Jan
3
38
Mar
35%
28
77
Dec
21
?
/
31
179
Nov
21
32
I; 47 ft. Jan 15
*3
2
30
C. O. C. & St. Louis
637a
••lOOVa
43
-
/ 100
f 11174 111%'
58
41ft
427a
5474
*102
11274 v
1007a
101
*1C0
30
17.000
*190
1083/4
'
*571/4
-
46
114:':.:-;
23 ft
7074
'
63'/a
'
139
,
86 ft
*
*108-
900
"
2374
70
Hl',4
6472-
7*io8'/:;- 108%
-
Chickasha
*106
230
1074 Jan
72
Jan
1163/4
I
34
IChilds Co——i—u-——No par
30 »/4
/
'
*102 V 105
111 ft
/
303/4
70
v: 108
112 ft
1,700
54
.
110
*190
71ft
70
547a
Jan
:, 69% Jan
38 , Jan
pf ($2.50) cum div_—No par
Chicago Yellow: Cab
No par
3,300
114
Jan4\
Jan
34
207a
Jan
52
7 1
817a Jan 28
$91
Pr
13
138
86V2
•
2178 '
'
*45
4674
*106
360
•
23%
140
85%:
J
,
103/4 Jan
24
6974 Jan
preferred—i-—.—-100
Chicago & Northwest'n w i—No par
5ft preferred, wi
:
——100
13
.
114
5474
30ft
58
'
Janv'3
Jan
8
100; Jan 31
■ 20
Jan; 26
547/s Jan 5
9% Jan 2
No par
Chicago Fneumat Tool—'.-—No par
v
$3 conv preferred-i——No par
2,800
67
PI P vtc—
217s
'..
.
1377a
553/4
307a
;
■
A
23%
*113%
857a
#106
38
*6672
2374
138 ft 141
V? 113 ft.' 114
110
*36
*56
123/4
:
13,800 f
13,900
Series
Jan
.
134 £ Jan
/ 49ft Jan 15
:. 201/4 Jan
-40
Chic Milw St
V
12,800
7574
66 ft
V
*
Chicago Great West RR Co
50
5ft preferred--—;
-Chicago- Mail Order Go.-.—-.-—8
55,100 i-
■
43
58
24
4,600 ::
r?4ft;:
667a
*56
.
811/4
427a
■"
'
24
108
a
'
•
-
1,700
377a
8074
747a
—
Class
10.800
.
37
4272
75%
preferred
1
'
../■
09
56
85
157a
43ft
$4,50
10,200
39
ft
*45 ft
"
321/4
373%
230
63
57ft
1,700
25 ft
1574'
81
>57
2
Jan 21
Jan
4
2978 Jan 7
47
Jan 21
11072 Jan 3
,
/
167a
2574
32 ft
36%
:
-
1674
.
39
8074
243/4
v
6074
3972
817a
*190
41%:'•/
*152
—No par
•
207a
32
-
38 ft
230 V
111 ft
-
•-.■
67
•108
.
41%
41
ft '57ft
*56%
39
*102
'
•
108
'
59
70%
1574
32
40
*190
112ft 112ft
/;. 61 // 62 ft
59
107
293/4
•106
"y 71 V
*102
107
*100 V
;
gV.85vV,
230
108
*102
:;:
55
24 V.
71
4
4
Jan
Dec
Dec
56
11
16
Jan'
Oct/
128 Vz
Jan
4872
'
15
67 ft Jan
175
Dec'
45%
Jan
v| 47
203/4 Jan ,15
No par
No par
Checker Cab Mfg
3005
500/- Chesapeake Corp of Va—
^-5
:: 17,400.?
Chesapeake & Ohio Ry—
25
£ 10,100
Chic & East 111 RR Co
^-No par
'
36
46 ft
,
16%
327«
59
58
115 ft
-
163/a
25ft'
257a
*57
140%
83%
16
*66ya
138 ft
*190
Chain B^lt Co
60
....
593A
25
/
*113 ft
69
'
■:22ft Jan
4
;
Apr
Nov
32% Nov,
113% Feb
14
31
3
100
Dec
97a
Mar
*31
17
Jan
65
Jan
17% Jan
Caterpillar Tractor
/ Celanese Corp of Amer
$4.75 1st preferred
7% 2d preferred
2,800
•:
114
*95 V 102
59%
17%
'i,
-
:
230
69
*190
-
20-
29
543/4 Jan
,
.
:20ft
21
26
42
.
•'
22 ft
12% r 13%..
a 110 ■-.-V
.
100
*20 ft
60'A
74%
1.
46
30
83%
*106
'•
22
55 W
21
66 ft
140%
/ 30 ;w"
:
:: 110
*106
58
66 ft
■
108
ft
81
114ft
54 V*
:'
50ft
*49 7a
*113
59%
16 ft
25%
v>:r;3t%"
133/4
*113 ft
29%
83%
V
22 ft
139
134ft 136
*113ft 114ft
53 ft
53ft
V *24
38 ft
82
46
■
>-*4 5i:0
46
*57
667a
243/4
13 3/8
13 ft
13%
*45
:
58 ft
66ft
243ft
:
247a»
21%
'=
41%
' ■•: ;.v*57H-.
58
*66ft
'
Z
40
35ft
'
100
173/8
Jan
130
f
300
;vt 674 Apr
49'ft Jan
No par
677a Jan
3
No par V eO'/a Jan
4
——No pat >
107 ft Jan 31
230
100
155 / Jan
2
Celotex Corp
6,800
i
No par
22'/2 Jan
5ft preferred
2,950
20
20% Jan
8,100 V Central Agulrre Assoc.
No par
21 Vz Jan
26,400 £ Central Foundry Co_
—1
103/a Jan
v 6,200
Central Hudson G & E Corp.No par
12 V* Jan
90Central 111 Lt 47gft preferred—100
112
Jan
3,900
*
ICent RR of New Jersey—
100
17 V* Jan
Central Violeta Sugar Co
2,000
37% Jan
;
1,200
Century Ribbon Mills
No par
283A Jan 24
7,100 ^ Cerro de Pasco Copper—
No par
4672,Jan
7
1
/ J.4% Jan
3
33,100 V Certain-teed Products
10
6ft prior preferred^~M»-.-~lIOO
110
Jan 30
43
50
113
39 Va
.
16ft
323/4
80%
■
50
113
/
112
4134
153/4
32
17%
16 ft
.
•*20
'.
26
32%
38%
503/4
1774
43
4174
Preferred
28
43 Z
'
'
*10974
112.
•:
56
;//-. 4
123/4 jan
.19'/a Jan
-
Sep
30
par
Ry
Jan
62ft
14
Jan
'
25
No
t
277a
■Tl 1/4. Jan
17
Jan
7
/ 37
125 Vz Jan 19
54 ft Jan 26
i
class
Ohio
:
,
483/4
48
11%
*109
114
*100
20ft
16%
32
*113
593/4
26 ft
26
50 ft
3274
48
17ft
40
32
&
55% Jan
••
*•>■' 31
Jan
7
42ft Jan-
'
60
ft
51ft
*38%
16 ft
:
38
;
41
31%
4674
110
21ft
40%
'
3074
173/4
110
•;■//
21%
40
22
21ft
'40
49
17 ft
18%
*113
20
3072
48
115
37
41
29y4
!
237s
40 ft
50
176/0
*110
115
36%
37 ft
*36
18
•110
115
*110
51ft
17%
»
23
*
Clinch
46
v
; 8 V* Jan
•
A—1
10
55 ft
-100
126 J/2
) Carpenter Steel Co
.5 V 4674
Carrier Corp
—^,.>—10
•
28'/a
7
4ftft- preferred —-i-50 V, 70%
; <■ Carriers & General Corp
1
88/a
Case (J IV Co—
;
—25 '
43%
Carolina
:
Jan
3 V» Jan
\
.
1274
12%
Capital Administration
$3 preferred
Jan:
-
54
:
—_1
^
7,700
,
"
22 ft
41ft
70
*
•
28
117
*115
:
65
287a
.28
600
6,000
7,200
■
108
25
.
1
t,
-
217s
2074
28%
75
65
2572.
3,100
17,800
182
160
213/8
:
47 ft
*107%
160
25
/
75-.::-'
6574
107 ft
160
'
107*
*180
7572
65
;107ft
32%
80%
463/4
185
7574
657a
32%
10%
v
1074
-
48
-
80%
85' 7V:>
-
•:-;.2l,.,
;
28ft:
12% -.12%/^. Vl2ft.
41ft
48%
^lllM
134
471/4
Canadian Pacific Ry—...
Cannon Mills
73.000
1,200
3,500
——50
jza,
$4.25 preferred ————No par
Canada Southern Ry Co——
100
70
Z
57
*56
#133..
.
/:
3,000 :
*1,140 *
203/4
ffo par<39
Zinc-Lead—
Calumet & Hecla Cons Copper
_5
Campbell W & C Fdy_—
-No-pat
Canada Dry Ginger Ale common—5
V
:■
33 ft
7 *82 ft
108ft
29
22%
48%
4,300
/
48
10
65ft
25
28ft
-
46%
Callahan
86,700 «
5;
54% t-55%
20ft
134
48
:
160
:
21V: ^l.ft!
•
36'A
♦
46
*
57
>
12
129
1
20'/2
*133
10ft
108 ft
-
160
'
V
66%
*56
85
185
74 ft
66
100%
25
115
•114
115
*113 ft
*82 y2
10%
108 ft
,
57
133ft
49%
/33ft 734m
85
159%
1593/4
213/4
21.3%
48
:33%v/
656/0
*
109% /
159%
159
*157
493/a
74
66 ft
65 ft
189%
64
109%
s
47 VV
19%
211,700
36
:
•
1283/4
543/4:-' r5 4%v.
64%
60
7 V
lls/a
36 ft
47
6% %■
-
*180
75
73 ft
72%
*72
22
6674
133 ft
45%
179
179
177
•
55'.-
*54
V
:77
11%V
7-
California Packing..;
5,ft preferred-,
.-,4,100-'
"
55 :-V:
128 ft
7,
203/4
*56
10
46
■v 35%
47 ft
55 ft
20 ft
57
*83 1 '■
:
/
66ft
—
134
33
f
10%
45 ft
45 ft
20%.:,
V/49-a:
49—
81ft
:
10
20ft
V
t
-
•
lift
128 ft
21%
:
67
Z; 133/
33
32%
79%
22 ft
■
:: #56
57
-
37
128 ft
"■
54%
663ft
.
1347a
48%
31%
*78 ft
-22
-
67
*134
i
48
177
22%
1274
4374 :43%
:439/4.
6%
-
*54%
128
546/0
20 ft
m / *56 vf
57
133ft
:
67
?
■
117a
36ft
43 ft
*54--
7.
47 ft
128
55
20%
20 ft
6%
48
!
129
:
22%
*65
*19 ft
*131 ft
:
<"54
6
5ft
48ft
129
128
128
:
55
12%
34ft
■
4ft
43%
*55
'v-
4 ft
Nov
413/4
,
5372 Oct
155
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
IIINEW
^
share
g per
/ 179
179
63%
63%
'■
;
k
52% V 52%
54 %
115%
-v'H
116
*114
19%
39
*114%
39%
46%
47
45 Va-
47
13%
45%
/
*45
13%
13%
13%
y
•
■/*%
110
103
103%
103%
40
%
40 y4
27%
27%
V
*53>/4
53%
27%
49
49%
*114
117%
4
•
3%
125%
34%
;
52%
*51
35
8%
:
,
/
34%
34 ya
109
109
35
41%
•14%
22%
37%
43%
28%
30
55
'
•
.
20%
21
53
53%
26%
26%
27
67
67%
20
,
54 yy
£
•
.26%
67.
^ ;37;:>:
,
107%
69
68
67%
29%
55
-
*23
21%
22%
*
55
*54
55
55
25%
22
57
26 Va
67
65%
65%
$
65%
35%
107
107
69
69%
*200
202
11%
12
'
36%
37
*107»A
108
200
202
202
12%
12
69%
>'69,;
'
200
12%
25%
65%
36 >A
7%
7%
12%'
7%
7%
'
7%
84
Jan
38% Jan
5
41
Jan
29
36
Nov Z
26 Va Jan
5
29% Jan
30
26
Dec
52% Jan
10
18
5 3 % Jan
29
47%
Jan
5
; 52% Feb
47
Jan
Dec
Oct
.107'/3
41%
v
Dec
53
;
Oct
28
/
Dec
Dec
Dec
44 '
30%
Consol Laundries
Jan
Jan
yy-34%
Nov
29
22
Jan
48
Nov
Dec
55
37
r
Jan
17
26% Mar
39'%
46%
Jan
19
29 Va
50
9% Jan
Jan
Jan
29
6Vi Jari
32% Jan"
35% Jan
18
109% Jan
108 / Jan
'
Jan
3% Mar
28
24% Jan
.106
Oct
Nov
7%
34%
;
Sep /
Dec
Nov
109% May
19% Jan
16
11% July
:
22
Dec
29
31% Jan
*
45%
Dec/
17
17%
Jan
35%
Dec
25%
Jan /
of Cuba
38
Pow $4.50
6%
pfd
100
pfd—No par
Container Corp of America
20
Continental Baking Co
No par
; $5.50 preferred ——No; par
Continental
Can
Inc
Conv
pref
5%
Corn
7,000
110
r
Exch
12
109 y» Jan
26% Apr
8% Jan
10
48'/8 Jan
14
•
113% Jan 15
17
Jan 14
63
■//-•..•.-.ff
18
Jan
Trust
-
50
Preferred
100
6,400
30
-
59%
Oct
%
4
Jan
Jun
182%
Coty Internet Carp_.—.1
Crane
Dec
101% Aug
58 y4 Jan /
;,Coty Inc.——I
11,900
17%
16% Aug
—
25,200
Sep
Dec
/:
52 y» Mar
Corning Glass Works common
5
3 '/a %
preferred
...100
Products Refining.—25
170
'
Jan,
49 Vt
20
Jan
;
vfi/.'Jan "/•
3% Jan
"
40%
108%
*34
;..^38%c 39
57%
v;
'
58
..;
58%
*51%
y
30%
60 y
52%
108%
29%
30 y4
108 V*
108y4
121%
*120
48%
*52
108% -A
121%
121%//
500
33%
.1,400
38% *'38%- y • 38% ..39%
.58% !56V»t51 "■Z/'fc.57
51
800
112
:
IV
111%
//(/•44'.i'/
V.
125
180,
.
', 48
48
180
-
44
26%
/-':■• •165
27%
180
39%
40%
40
50
50
£A5
24%
-
...
25 Va
25%
74
:
700
*42%
27
*165
—
48%
47%
.
JiOOya 100%
'
*40
27
6,200
Cuban-American
'
49
2,500
y;
9%
9%
9%
ioy4
29 y4
29%
30%
9%
29%
*125%
129%
*125%
129 »/a
*125%
'
40 V4
39%;T:.39%:#
;y
28%
26
/
28%
28%
28%
-/■
:
53
54%
46%
*52%
53%
44%
45 y8
'Zv46i#
39%
V;
*39
33%
15%
Z
47 Va
•15%
%
25%
25
•
♦73 y2
t 34'/a
42%
*73%
;
31%
*
31%
*105%
56
27%
;
;
92
;
*
93
;
116 Va
30%
/
163 y4
*114%
30%
*114
;
*28
115
28%
*37
37%
187
43%
49
*47%
32%
32
103
99%
*105% 110
*105%
49
49
*48%
55
56
55%
29 y2
29 %
29
27%
K
27%
163
Devoe
44
56
27 Va
*55
27%
29%
27%
97 y2
95
164%
96
97%
165%
166
*114'/2 116%
31
|
/ ;/
;
t 187%
•;
-
28%
94%
166%
167%
114%
3iy8
31%
*114
,116
115 ;
29%
*114
36%
30%
44?
4?
102%
;
*47
56
' 28
23%
114
"93'
29%
30%
37
38%
37
191
129
130
130
115
*115
116
*115
238%
-
197%
*67%
68%
-60
23%
24%
114%
34%
191% 193;
24 V«
24%
113% 114%
,
115//
34%
•
-
245
242
W7 %
1G6
'
-86
.
'
252
-
23%
110
35 y4
109%
249 V
-
68%
69
252
197%
"
; *196/- 197%
31
*109%
115
•
■
197%
32
*109%
•
37%
37%
37%
68%
*109%
38%
112%
*111%
112%
13
.14%
74%
24%
15 Vb
16%
76
77
24%
24%
7%
7%
24
7
...
Corp
V
conv
DunhlJJ
Duplan Corp...
*115%
28
29%
Oct
28% Jan
15
29 Vb
Nov
2
100%
Dec
Dec
par
169% Jan
15
167%
JNo par
116 ya Jan
17
115
50c
33% Jan
17
100
115
—.1
;
113
29
'
132.
Oct
33%; Jun
28
38% Jan
200
preferred—J.*.——No par
Duquesne Light 6% 1st pfd
100
116
Jan
31 >Jan
No par
(EI) St Co
20
.$4.60
<
14
56% Jan 31
97% Jan
common. .No
International——!
Du P de Nemours
129
50% Jan
;
No par
preferred——
37
1
29
No par
...
$4' preferred series A
Industries
3%%
Jan
29% Jan
Dresser
116
30
108% Jan 24
5
„j,
Mines Ltd
Chemical Co
Dow
Z
3C%
—.—100
No par
30
129
•
36
24%
••23%724
105%^109%
113
69
37 ,'
248%
•
253
197%
<■
.69%
109%
*109%
-
69%;
109%
/
7%
pgf,
671.
38%
111%
-
39%
111%
-14%
15%
'250
•31%
31%
109%
•
109%
39%
112%
*111%
y
70%
14%
.14%
14%
77%
76
24%
7%
.77
24%
7%
Eastman
80
1,900
V
I
31%; 31%
♦109ya
109% /
119%"
13%
247/a
:
Eastern Stainless Steel Corp
:•/ 300
39%
•
76%
7%
697/a
69%
•
eastern
3,400
37% /38 :■/ /
Eagle-Plcher
1.800
197
6S%
5,500
5,400
--
251%
*196
*111%
-
24%
7%
24% /
110
*196 / 197%
197%
'
23%
108
'r36y2'*'87%
*249 ;
252
~"*31%"~32%
109%
*111%
*74
.
Jan
Feb
103
par
Co common-——No par
a
Douglas Aircraft
192% 193%
'
.,
Dome
93%
166%
60
I
preferred
Cup
Class
Doehler-Jarvls
27%
-
5%
Dixie
■■■■■'•
No
;
34% Jan 14
'
30 Va
28
,1
192 Va
Jan
'8
129; r
Dec
,34%
Feb
115% Jan 14
117
Dec
Dec
Oct
;
Feb
Mar
'Zv-zV
23%
34
44
49
2
Corp-8eagr'a Ltd
29%
116
_
12.50
new
preferred———25
37
130
114%
%
•
56%
115
:
116
191-
Distil
49
*
27
.
167%
129%
114%
34
.
♦114
194
A
Diamond T Motor Car Co
28% v29%
96-
128%
/y" /.; /.■.■
'
*105% 110
49
56%
29%
116%;;/
*115
31%
97% ? 99
110
189%
•
-
50
.
V.
129%
Raynolds
partlc
■
31
*114% 116%
,
&
■
32%
30
,
129 y4
■
100
Western—
Diamond, Match.*....VNo; par
31%
■
29%/31
38%
38
.27%
114%
31Va
115
Apr
Detroit Edison.——;u.».20
Detroit Hillsdale St S W RR Co—100
.
35%
32
100
f
Sep
25%
10
Delaware & Hudson
28%
'
28
27
49
32%
32%
98 - 100
*105% 110
49 y4
49%
;
49
•
*43%
*47%
y4
:/
.
110
*48 %
4*55%
43%
*47
118
..-No par
.
Delaware Lack &
80
34%
100
Deisel-Wemmer-Gilbert
25%
*74
35%
43%
'
;
97%
97%
79
347/a
42%
49
*47%
•
78
34%
;
Preferred —..*.20
50%
15%
;
Apr
Jan
5% Aug
18% Jan
No par
"
35
25%
Mar
Decca Records
16
16%
25%
9
59 Vi
^...1
pfd
,
122%
1
Class '
Deere St Co
48%
15%
Dec
Apr
Jan ;
28
preferred—par
46%
34%
;; 25%
'
Jan
99%
29%
Davega Stores Corp., N. Y.»—
Corp (The)—„l
Dayton Pow & Lt 4%% pfd
100
39%
48%
48
25%
_9
Davison Chemical
35
33%
47%
/
Mar
100
lnc
54
45%
;
-
145% Jan
30
Cushman's Sons Inc 7%
27
*39
Jan
87% Jan
25 v Aug
16
—10&
———
Cutler-Hammer Inc
2,400
113%
53%
39
39
■
29
26%
*113
•
Dev
Oct
35%
,_10
Curtlss-Wrlght
20
43
*28%
26%
113 Va
*112%
113%
129% /'
Press
Prior
.
260,800
24,100
30 y4
41
42
26
26
•;
♦112 %
10%
20% Jan
106
Cunningham Drug-Stores Inc„2.50
Curtis Pub Co (The)
V
No par
$7 preferred—...i....
No par
90
2,200
preferred
Cuneo
26,000
,
49% Nov
preferred———100
Sugar
Jan
106%
No par
——
2,200 y
75
Amer
Jan
28% Mar
No par
—No par
Cudahy Packing Co—
4%% preferred
100
"
29 %
1%
:
—
24
37
preferred—->.....^.^....^100
Cuba RR 8%
400
25%
75
;■•/ 5%
1,010
*09% 102
*40Ya- 40%
-40%
Crucible Steel ol
1,300
99% Aug ;
2
Corp..^«..—./»5
preferred
43%
144
142%
.
•
'
1
'
01
75 ya
74%
ioi
-
25%
26
143
142
-
;
$4.20
$4 2nd preferred
13,800
114
(The)
(The)._—
OroZelierbach
••
300
so
'99
101.;
*99
y144%
74
*112%
-
27
*46%
,l*99% l'0l%
;40
40% / '•
-\ll '
50
,
25% Jan
100
Wheat Corp
Nopar
Crown Cork & Seal-_-.—to_„No par
$2- preferred
No par;
i
230
....—25
common
preferred
Crosley Corp
7,600
.'
*120% 125
51%
52%'
42%
*165
*
39%
y
J
52
25%
/
50
39%
124
42%
52%
31%
Co
3%%
;
Cream ol
3,400
.108%' 109
-.112%: 112%
-
.
..
31
108
50%
•47% -48%
:
•
*52
31
52
30%
■%<:'* 120
113
43
48%
48%
52*
108
53% V,
112
44%;
27%
27%
*165
/;
112
.
.
52%
31
51%
42
38%vi*-
108%
*120
52
50
•
28%
.
101
*143
108'/a
33%
30%
108%
/•/•
44
•
.46%
*99
-
28
*165
180:;.:
48
y
43%
28 ,!;y
*165
;
112
•
43%
27%.
42%
108%
33%
33%.
v
108%
31%
/.
50%
49%-
112
43%
'
52%
30%
41%
108%
41%
*107%
34
'
48%
*111%
.
'
122
121%
59% /
58%
52%
3iya
*108y»
;-y
52 :.y
52
'■
33%
'38%
57%
,
.
42%
''*107*4 108%
.
35
y;
42
41%
42%
4ll/a 42%
107% 107% )m *io7% 108 Va
: *; 34%
35 y •/■/'•; 34% 34% ; ;
V /
38 Va
38%
*38%
39
40%
♦107%
.
•
/■37% -/
•-75%
24
7
39
-76
24 %
7%
38% / 38%
;
5.300
50
7,4.-0
ioo
14%
14%
31,200
/'■76%J77
23%
7%
-
>6 45-
Kodak
cum
-1$
Co
Airlines
Inc
No
Co
preferred
•ntnn Mariufncturlna Co
r
■
pat
v
r/.
New
4 V4 %
Ekco
8
253
Jan •" 8
v Jan
11
;
9
•
30
170
19
185
70 y4 Feb
60
1
Jan
32% .Tan
Elpoirlo
Aurc-Llte
15,900
Elertrtr
Boat——j.
109% Jan
39% Jan
10
112% Feb
1
Jan
3
16% Jan
28
67% Jan
....f
.
..
*
.
Jan
104
•
24
106
;
Jan.
=•
July
•
39,000
Elec
Si
Ind
Am
share«
6% Jan
2
Jun
66'a
Oct
55
Dec
,109%
<
■
29
8Va May
427/a Jan
28
14
7% Jan
24
39 Va
•112
Aug
.
v
13
Dec
Dec
Dec
Dec
71
Dec
Jan
24%
Dec
4% Aug
V" 7%
Dec
'
7%
-200
|
v.:
Sep
/
77 Va Jan
2).
35% Nov
;229
Dec
>
July
24% Jan
3
19% Jan
:
21%
24
3
4
fThe)...,
■
30
33% Jan
'11-
/:-2I%/Der
•. 134;
* Det.
f 49 y Jan
26
11.1% Jan
1
Jan
Jan
v :
5
Nut Co
Jan
18% Jan
100 V Jan
28
108 Vj Jan
13
39 V*
18
1
4
Jan
Jan
-Feb
* 2
31
100
prfjrerred
Elastic Stop
38
123% Jan
__100
preferred
Products Co___
4%y,
,-24%
2
51% Jan
1
■
-
3
21
Jan
Jan
30 V*
222
f
>
Jan
105>
100-.
191
;;,V464
Edison Bros Stores Inc common—2
4,100
24%
I
20 Va Jan
Z
—1 y
:
Dec /
50
47% Feb
12% Jan
Corn
'6,700
'
109 Va
Jan
16
Corp.—-1
Co
U17%
29% July;
No par
'
a
'
Feb
Dec
113
29 Va Jan
No par
Electric
Bank
•
Dec
Nov
93% July v;
37% Jan
46
;
40%
*
106% July
10% Apr
No par
series
C'ornell-Dubilier
880
28
115
Jan
8%/jan;
Copperweld Steel Co
220
Jan
Dec
40%
1/45;./
17% Aug
108%
Motors—
Continental Steel Corp
Cooper-Bessemer Corp
$3 prior preferred
4,800
8
18
15% Jan
Continental Diamond Flbre^.^Ut.6
Continental Insurance
—.10
10,100
'9
Jan
Jan
45
No par
Continental Oil of nwi..-.
Jail
47
114
_20
$3.75 preferred
Continental
-
124%
33% Jan
Consol RR
40
202
11%
7%
89
28%
-47% Jan
Gas
14,500
69%
1
10
2
Corp—..^..5
Natural
Consumers
1,800
.
-
4% Nov Z
U Jan
Feb
15
Consolidated
1,600
4,700
54'%
24
42 y4 Jan
.
NO par
37,00^;
•
34
132
; 35% Jan
2
Jan
Sep
Consolidated• Vultee Aircraft——!
$1 25 conv pfd
No par
.
4,300
44
$5 preferred—
/
100
37%
Jan
42% Jan
Consolidated Cigar
-No par
Consol Coppermines Corp
.5
Consol Edison of N Y——No' .par
12,800
.
123
33%
Inc..—.—No. par
Congoleum-Nairn. Ino...—No par
7,900
'
•
.
Conde Nast Pub
3,800
15
15
23'
Commonwealth Edison: Co——J28 -
17,300
,■
61%
7%
14
Nov
110%. Nov
28
1,500
16%
11%
Jan
4% Jan
12,200
*200-
90 y4
2
23%
38%
7%
7%
16
106% Jan
102 Va Jan 23*
Jan
Zz 2% Jan
43%
"
iio%
4
11%
Commonwealth & Southern—No par
$6 preferred series^..—..Jlfo par
290
68%
-.100
Jan
:
Nov
50
*
53 Va
22%
23
>" 56%
57
V 25%
25%
65%
66
35%
35%
*106% 107%
.
109
50 Vb
4% Jan / i
25 7 8
30
57-
preferred
100
•
116%
61%
22%
24
Jan
37%
43%
*54 Va
* Jan
9Va Jan
■
;
Mar
V31/ Mar:/
Dec
23%
55
14
,/
31
Jun
15% Aug
113%
.
28
3
i«- 25% Jan
29
Jan
Dec
46% Jun
//46%: Jun
39
4,000
,
,
Jan
47
;
y
y
110
44,600
107
*105
107
46%
47%
111% 111%/
:'/ 111% 111%
<
47
8
18%
50%
Jan
1
36%
43%
43%
23%
38%
44%
,30%
'25%
"
54 y4
26 Vb
66
/
'
>
39%
44%
29%
54
12
7%
44%
30
26%
y
*200% 202
200%
200%
11%
38%
44
;. 36%
37%
37%
*io7y4 108
107%
70
69% -yi 69 /
36%
37
108%
*107%
39%
.55 20%
y
Z
67
19%
*53
22%
38%
43%
29
*54%
43 Va
55
'■
54
:
61%
23%
29%
43 Va
28 ya
*53
61%
23%
v
,
18%
i6
16
14
Jan
22
V 42 Va Jan
par
preferred series A
28
28% Jan
12
113%
;
38
// 43% Jan
2.50
No
14 / Nov
8
2.50
Dec
11
2,100
47 V*
47%
427/a
42%
14%
14%
;33% Jan 25
Jan
Dec
115 / Jan
25% Jan
30,600
-
•
33
32%
32 V*-33
•
16%
61%
16
61
24
23%
•
18%
18'A
113
16%
16
39
41%
27%
*110
113%
38%
38
41%
37%
46%
46%
23%
22%
V
'
107
•105
113%
15%
16%
62% 62%
62
21%
15%
•110
*110%
16 Va
44%
46%
36
36%
43
43
113% 114
42%
43%
■
15
15%
*105
107
46%
36%
43%
107
46%
45%
62
43%
15
15%
*105
45%
15%
37%
43%
42%
113%
V,':
108%
43
113% 113%
39
,
Jan ; '
Aug
118% Jan
4,700
1,400
/108%
.
29
£41;$ Jan;18
3;
106
50%
Oct
34%
110
Dec
-
5
61,300
108%
32%
23% Jan
3
22
Jan
101%
14
17
Nov
/•49"'
/
21
V
35%
18%
46%
55% Jan
31%' Feb
Jan
1,300
36%
35%
18 Vi
46%
10
/Oct
72
•
115% Jan
9%-./
35%
109
X32%
14
Jan
116% Jan
16% Jan
.
Jan
2
37% Jan
-
53%
35
18%
50%
106
per share
183
59% Deo
■.
$3.60 preferred
_;-100
Commercial Solvents———No par
32.000
8Vb
33%
11
31
Jan
i
34
par
680,700
6,900
A v44-. '
46%
non-cum
45% Jan
new—No par
par
7,900
-
34
9%
35 W
~
114
preferred—100
2nd preferred—100
$2.75 preferred—...—.No
Commercial Credit
600
4%
357/8
.
1st
Columbian Carbon Co. (new)-No
Columbia Pictures New
132
36%
f Jan
/ $
18,900
9
36%
-
113%
*110%
,„•
35%
:
25
100
51r
j
7,100
24
44 .'. Z44/.
.
.
109 y4
108%
109 v*
109%
130 / May
87
3
Jan
No par
6%
53%
.
Jan
/..v.. Highest
per share
181% Jan >2
Jan',23;;
45
Columbia Gas St Elec
33%
131
.
•;
32%
107
;
34%
54
46'/a
14%
52% :
116%
23%
4";. i:
128
33 Va
y
5iya
&
non-cum
4%
5,400
/
...
.52%
*114
:4%
,
105
Olaac B
220
•
52%
23%
54
36%
35 Va
34 y4
35
Lowest
$ per share
11
par
Columbia Br'd Sys Ino cl A
3,400
"
•44%
14%
117
126%
53%
;>/
-V-
52%
52 /'
62y
=
Southern———100
1,400
"
46%
44%
29%
23%
126%
44
;31%
35%
*105
40
29'/a
18 Vi
46%
113%
4i%
40
29
4
V; 45 •
9%
9%
■
45
19
19
40 V*
No
Iron Curp
147,700
;<
*113
23%
36
36%
i3%/;
13
104%
av*
•■9%
'
share
V-No par
preferred
conv
4%
9^0
104%
50%
51%
117
53%
53
>
104%
x52%
53%
34% ;34%"
•:/
;
46
;
28'A
'125%
,
109%
109
•-
31%
.
44%
8%
!34%
per
178% Jan
par
Colo Fuel &
150
: 46-
110
29%
.
,'V 125% 127
34%
34%'
34%
54%36%
45 Va
9%
52%
.
ij45%
8%
.
•
35
34%
*45
4y4
4%
34
45%
110
40%
No
r
Colorado
260
1,020
110 v*
40 Vb
51;
34"
5%
144.300
39%/
104%
'?
A
Ooums & Aikman
60
34%
*45%
Sv:
(The)—.No par
$3.50 prelerred
1,500
110
104%
23%
24 V4
126
;
34%-
noy4
*113
117
4 VB
$
Coigate-Paimotive-Peet
54
34%
13%
Class
,'140
115
*39
4c y4
12%
; ;
-12,000
y
•
22'/; 22% V.
v.
47
13%
50%
•
34%
*45 y4
287/a
• 52
23%
■
124
125%
34%
34%
45%
47
*53 'A
53%
y51%
.»
Range for Previous
'.■•//"
Year 1945
'.
Range Since January l//;Z
' Lowest1 i-, '
Highest /
.
.^y<;
,
i
Coca-Cola Co
800
1,060
;
105%
53%
34%
40 Vb
,
24%
23%
34%
47
*103%
•;
41
*113
117%
*114
■
V 23%
23%
21%
22
/?;*39v-y 39%
13
106
53%
STOCK
Coca-Cola International Corp No par
*113
•
34%
no
29%
r;
36%
V
110%
28l/a
53 y4 * 53y4
50l/a
50 ya
39
w-
64%
y4
497/a
•
54y4
46%
13%
27 Va
..
40
YORK
EXCHANGE
Shares
,
179
V*105
114
114
34%
:■/.} 110%
103%
103%. J:
40 %
40 %
no
NEW
*1185
50.;
53%
22%
64
105%
-
46%
•:
no y4
110
/
21%
'/a
47
*105
55 y4
39
:
35%
v/: z 46
49%
•
35
23%
36
34%
;•
*1185
50
•.1-179/.;
'
65%
•;
65
.
;/»114//il6:// V
'
•45%
*45
/
65
105%
55
54
*39
35 Ya
35
49%
116
22%
39
34%
■
z
34
34
/■ Z; 54::Z;
23% ;
22%
20%
39
34% ;34>%
179% ,179%
—
105%
105%
105%
105%
54 '/a
115l/a
*105
V
105%
*105
•1185
50
48%
49
49
48
48 :•
64%
;
—
the Week
f per share
-1 per share
180
♦179
179%
64%" 65 :
*1185
Sales for
Feb. 1
_/
'
'
•1185
*1185
V:
>
|
$ per share
,
,
179%
'
179 :
63%
64%
179v
.
Jan. 31 y
Jan, 80
$ per share
thare
per
Friday
V Thursday
..
Jan. 29
Jan. 28
;
STOCKS'//-v
AND HIGH SALE r&ICKfe
-Wednesday r
Tuesday:*/
LOW
Honda*
\ l-todsy i'/i
.%>' Jan. 26 %•;■■■
RECORD
STOCK
TORK
Monday, February 4, 1946
'
?Volume -163
Number 4461
?
:
,
!■
•'
v'
ftft-
'""/ft'"''..
•■
ft .'•,.?'ft?
-
NEW YORK STOCK
-
■ft#. Monday
Jan. 26
'?/,
V ;?//.■'Tuesday;?>-•-.'•/.
Jan.28
I per share
•ftft/.;
vft- $ per share
:
>
*
ftft Friday
■.'..'■./'•'i-
Jan. 31
ft 8 per
tba Waek
.?
,
ft
Sales for
Feb. 1
ft Thursday
Wednesday
Jan. 89:-> ft; /Jan. 30 ft
8 per share i ♦; - jr per share
I per share
share
Shares
25 Vs
25%
ft 164 Va
>152
'
164%
*;
55
154
'
•
'
28%
25%
*119%
111
38 Va
:■
155%,
53
52%
25%
28
10A
*105%
108
•82%
*105% 1081
•
♦105%
;ft >105% J08
-4%
-
-
89
-
•105
»
107
.
5
23 Va
23
90 ft
90%
98
95
95
:
21%.
ft/ft- 30
22%
21%
22
31%
31%
32/ft'
60%
75
$4%
,35
74
75
25%
*51%
74
75
35%
19%
19%
19
25 Va
25%
25
25%
25%
...
■
35
,
17
52%
29Va
'17%
-
63
63.
'♦106%/106%'
31ft
51%
30
18%ft
17%
66%
53
18V*
31%
32
67%
.
18-.
67V*
63-
31%
'
'
32
67%
66%
«
,*73
26
107
Jan
2
32 V* Jan
3
3,600
,
76% .76Va :ft ft 77%' T9%
109%
*109
59%
59%
37%
38V*
*49
60V*,
39%
ft
*49
.
18 Va
59%
i
*49%
18%
27
27
r
»74:.f
r.,ft
H5V* *46%.
t
••
.
' ftft 26%-
ftft35,%ft35%'
t35
;
•
18%
v
Jam
/.37
106% Jan 15
100%
2
100%
Sep
108
Jan
3
101
ft 5% Jan 30
83% Jan
3
93
Jan
17
Jan
29
95
Jan
29
ft
12%
a
13
10%
ft
10%
^y/'19% .19%
feftft
ft/ft 48%
48%
17
84%
84
84%
40
40%
40%
*73
<
41
13%
.11%
15%
Jan
15
42 %
Jan
62%
Nov
ft Exchange Buffet Corp——2.50
8% Jan
9
10% Jan
28
Jan
9%
Dec
75
28
—
-
'
.No par
20
Fairbanks Morse ft Oo_
Jan
61%
?
32% Jan
21
-15
24% Jan
25
$6 preferred--——— .No par
2
Federal Mln & Smelt Co—5
Federal-Mogul Corp—_
110% Jan
2
: ./
Jan
ft 35% Jan
3
17% Jan
Fajardo Sug Co of Pr Rlco-
Farnsworth Televis'n & Rad Corp-l
ft?
11%
ft Traction—
Federal Motor Truok
41% Jan
89
49%
':■-?:
14%
; 14%'
•
13%
Jan
ft
ft*95
?-feftft; isv*
100
*95
18% ft 19 /
ft
109% ft?
10
53
;
,
H 18 V*
21
Jan
ft"-' 26Vz
82%
49%'
*80
14%
14%
*61%
.48%
67 V*
67%
:
13 Va
feft/13%;:
*180
:/ft'T3%/
r
182
186
,
; ft;
25
*24%
?:/;/14%
15;' '?
?
/ft
'
ft *41%,: 42%
ft
*34%
Jan
174
48%
,48%
9
Jan
25
?
Ferro
33% Jan
54
Fidel Phen Fire Ins N Y-— —10
61
Jan
9
68 '/ Jan
3
Firestone Tire ft Rubber-^.—
X66
Jan
80% Jan
29.
<•108%
Jan
Ena mel
ft
ft
*129%
.*120
/■
129%
Corp—--
64% Jan
3
57% Jan
ft
107
?
£
?9%: .ft
"9%
V- -
•:
-31V*
36%
36%
.
32% -ft.
v
39
ft.
43%
21%
45
9%
,
*102
40%
♦
ft *55 ftft
7 Va
*148%
ft *39
:?
ft *74%
56%
,
*51
ft
j-?.,. ♦.
.
39%
'
,
:
*110% 112
ftft;38%
24%
Vn;
44%.
104%
-
44
56% ft
151
»
ft.
41 Va
78 %
ft
38%
39%
24%
"
18%
■•?■/■ "61 ^ j
ft *150
/
•
,
.
18%
«
r
ft
62%
f33.Vs/ >33%
\
*70
*110
ft
-61%
k 33%
176
114
48%
39%
38%
ftft
*106%
28%
108
29%
"
1
v
"
63
.
ft
19%
129%
129%
13
r.104%
29%
,1,
'
19
Jan
Jan
28
4
Jan
.
7
4
29
;
,34% Jan/
27
38%
Gaylord Container Corp—..
ft; 5%^ conv preferred--Gen
ft
6%
7
?'
;
/
35%
ft-"
50% m
55%
45%
46
*141
•,
••///
9%
10%
5
32%
32%
33%
ft 26
3 ft
.
39
38%
38 Va
126%
125
45%
28%
ft:
114
28%
38 Va
44
105
,-8
3
': vi2% Jan,
"182
Jan
5
28
24
Jan
.14
21
•
ft.
13% Jan.
.
3 (ft-
2
5
2 /
3
11
50 %
Jan 24
135%
; Jam 14- ft 423 •
74
Jan 21
/ft 80%
*128
Jan
4
130'/a
131
122
•
v-
71% /ft
.
33 %
ft
;
62.
34%
50%
13%
,
33%
33
26
106
32%
*.
•84
115
35
ft
:ftv
ft
/ ?
:
12%
12%-
48%
109
-
109%
ft 62
62%
78
62?
62%
*100
29%'
77%
ftft? 72
72
,80
81
,ft
,
ft:,ft 77%
78%
61
60%
61%
page
671,
.
<,
11,100
Great
5,000
ft.
190
.
33%
34%
114
'-ftft
-50:;'
-
103
ft;
'
•
ft.
*109 •;
ftft
"29
29% ft
*77%
78
62 V*
63
33%'
115
.•■ft 47%
•-
k
Ryi6% pfd—No par
Western Sbgarl^*—.JVo pat
Jan
150
V
28%.
ftft";
/";ft;
-
77%
62
Dec
.
127
;
.
52% Aug
Dec,
123
Oct
62 ft
Mar,
134
Aug ft:
114%
Jan
77 %
Dec
Mar,'
130
23
Dec
/
36 V*
Dec
46 Va
ft
Dec
7%
Dec
Oct
140
8% Deo.
.
-
Dec
34
,
c>3l
Dec-
19
30% Feb
105 * Feb
ftf 47
Feb
105% Jan
ft; 44Vs Jan
56% Jan
ft • 8% Jan
,
151% Jan
18-
2
,35% Jan*
Jan
3 ft ft
Jari
4
58% Jan<
-
3
ft 110% Jan
ft
?
15
3
'10%-Jan
ft
i
;?
1
.
17.
1;ft
ft 57% Jan
ft-
■;■■/•:/
13,300
100
ft
8,300
'ft/.
103
360
/"■-?:'/
16,000
;77Va ft?
62
ft.;
,11,900
■
29
...
-
900
—1
Greyhound Corp IThe)—Jio pat
/
4y* %.
preferred————-—-100
Grumman
6,600
;
-10°
14
172
;♦
Aircraft Corp;.
common—r--l
Guantanamo Sugar
ft
——1,
preferred
No par-
Gun Mobile & Ohio
RR—^..No pat
$5 conv
ft
'ft
/
177
«5
preferred——No par
Gulf. Oil
Corp...,
1
——
'
Jan- X
.
Jan
46% Jan, 21/
11% Jan
ft- 99♦
•
...
31
Jan
7
<
22% Jan; 3 ;
71% Jan
7
,59% Jan
7.
Dec
Dec
105% Dec
,
104%
Dec
39
Oct
57
; May
ft:
?> 7%
Oct
165 »/a
ft
40
Jan
42
Jan 29 ft, ? 25% Feb
ft/
74%
■53 ft, July
79
Jan 29
/
105 V*
Apr
104% Jan 18 ? 102
ft ft 63%
48
July
71% Jan 30
107% May ftft ftl 115
113 Va Jan
12% Mar ' ft 39 ft
x39 %Jan l4 ;; ;
.12%
5% Jan ft
16
Jan 30ft?:
7%
4% Jan ft
12'/a Jan 19 ft
ft ,33%
J8% Jari, ft
34
Jan 14=:ft
-88
4
35
108% Jan 14 '( 210 ?
*78
:
ft
i"/
147 V* July
.8
v
Nov
Oct
Mar
Oct
NOV
Dec
.
Jan
,
*
52
Dec
. ,
29 ^
Jan
21%
Dec
25%
Sep
33%
Dec
105"
;
Sep
,
8%
64.;
Dec
NOV
/
39%
NOV
Jan;ft*
Jan
Jan 16
Jan 29
;
Jan
104 V*
Jan 35-j
Jan 28
Jan 28
Jan 30
.
82
-,
Oct
14% Mar
58
x35
ft
Dec
?
55 Va
.
ft,
Dec
100
■
ft
?
'
Dec
'30% Jun
82
-ft
Dec
12%. Dec
>
Jan
49% Jan
Oct "
86
108% Mar
Jan
5V* Mar
May
75
r
Jan
28 Vs
Jan 31
Jan
2
175
:
'
ft;
22% Jan ft,
V*
Nov
21%
65%
'
161% Mar
52
109%
ft
A"g ■"> ft
14%.Jan
.
.13% ,Jan:'25>(ft/.,
108,
30 Vi
78%
63
Aug
Nov
14 Va
:
' 63% Jan 16 ,
ft 34 % Jan 28* /
5
Jan
;
Dec
;
111%
.
Febft 1ft;
20% Jan ,10.
-
3.
ft 32% Jan
,
46
26 V*
25 .,
25%: Jam
15
52% Jan
2.5
29 ft 'ft; 3% Jan
I 34" Jan 28
23,
3
Mar
-,/i>b
Jan if 8' ftv 109 %
Jan,
Dec
/Mar
111
73% Mar ft ft
90
r
26% Jan 29
3;
'31% Jatf
ft
5109
<
38%
.
4
Jan' 25
19% Jan
ft
'
3
6% Jan
32
NOV
,
:
34 Vt Jan
Dec
44%
ft,.;,'ft.?,;?
,
ft70
ft
133 V*
ft
,
105% Nov
/
.3
:
45V*Jan 15/ ft' 26 •? Jan M
107
ft Jun ft
118
Jan
9
ft 102%
..—.100
Preferred
Green Bay is West RR
Green (H L) CO Inc—.
60
2,700
.47%
.12Va' -12 Va
*98
.
fc
'
78
6V2 Jan
Great Northern
?
9
3
•55% Jan 10
—————1100
,
'
82%
Dec
Dec
27%
431/* Aug
Feb
1
Jan ft 8; ft
Jan 14
Jan 30ftft
Feb
I'ft
ftft.''[ftftft';-. ^ftft'.'.'.;
Great Nor Iron Ore Prop—No par
33%/ft/ft
175%
Jan
36% Jan
Co—i.—5
3%% ; preferred
2
Jan
104
Steel—T——-No pat
(W T)
Grant
ftft
4
42% Jan 25
•
-
Co__—100
16,000
62 V* ft;
:
ftft' 33%
175%
7,900
200
ft
ftft-
20 V*
19%
ft-12%; 12%
102 -ft?
29'/a
82%
33%
*110
50%
100%
33
31%
33
20%
62'
Granite City
V'r
109%
20%
14%
ft
Jan
-Mar
'
49%.
,
2.600
.
Gold tte Stock Telegraph
-ft,ft/ft
34
ft /ft" 32%
/"ft/: "*175 ft 177
-71%,
'
/ 71%
ftft
Y
i ft
■
34%
82%
;/ft 33%
30% ft
■■•ft-?-
*108%
ft
ft
103
ft
new———No par
preferred ^----^.-No par/
Co (The)
No par
——10
No par
-.——No par
Goodyear Tire & Ruba——No par
$5 convertible preferred—No par
Gotham Hosiery——-——-No par
Graham-Paige Motors—-^-.-—1
Granb.v Consol M S <1
Grand Union Cb———,^—No pat
10.600
'
600
11.100
26%
Razor——,-No par
No par
preferred
$5 preferred
600
t
22 Vs Jan
Goodall-Sanford Inc
Goodrich Co (B F).
ftfft; 100.100
ftj
33-
26%
?
300
13,000
.
15%
,10%
,
26 Va
:62%;,.
72
38
15%'
>10%
v
*32 Va
34
.ft* 70%
.
*36%
'•
ft
Dec
185%
ft
17 V*
.
4%?5> conv preferred^—«—«~.50
tGoebel Brewing Co—
5.300
,
'
11%; >
Glldden
4,000
,
70
ft
111% 7 ft ft
*110V*
37%
>ft
104% ft.
68%
ft
40,700
ft
20
75% "ft
"103%
^
-ft
ft
-
39%
ft,
75
.16
;
-10%
'
20%
39
Dec
61%
110 ft Jan
♦
8
110V4 Jan 31
7-.—•»—-*yy'
Brothers
$4.60
100
2 51
conv
Gimbel
,7,800
*55 ft/: 56
8% ?? 8%;
4y* % 'preferred
$5
900
43%
*150
y
40% Jam
.5
Rubber Co.
Tire &
Jan 22
108
preferredft.--Ui^-^'-4'109>
4% %.
Gillette Safety
30,900
'ft* 11,400
1,100
■
105
43%
71%
; 37 Va
30% ^ ft
*104
78
111%; 112
ft 15%
;
44% '-'47.
?,■
.
/General
29%
104%
■ft 69%
ft
*110%
39%
39%
15
43%
112
8%
•103%
ft;
44
150?
''■ft/77 w
38%
*110
105%
8%
11% ft': /
44
111
Dec
24%
109%
,.
40
ftft. 43
Dec
Dec
80%
ft
.
■
v
40V* Nov
-
ft;
Jan
*
8% Jan
160%, Jan
;
.
105 ft 105
*
42 ft/ft
-ft 177 ft;-1.77
;
'
ft
•
Va.
40
44%
150
110
110%
;.
44%
44%
-♦55ft.; .56
151
•110
85%
58
10
125 ;-May ft;,
$5 preferred—
No par
dad-/"'.
;? .20% Jan3
23% - Jan 29 ft/ 10
Gen Outdoor Adv common—No par
♦34% Jan
2
40% Jan/14"-/ 22% Jam
-lieu Precision Equip Corp—No par
ft
5% Jan
2
7% Jan 15 .
ft l%-Jan
Gen Public Service—
T0e
ft
20% Jan 22ft ' 22% Jan 24 ft
Gen Public/ Utilities Corp--/Yii-^^5ft
283/a Jan
41% Jan
2
47 % Jan 15
lien Hallway Signal—
No par
123
Feb
6 *5
preferred—
ino
3% Jan
Gen Realty & Utilities
10c / I ~Vk Jan ~3 ! 10% Jan 29. •
21
Jan
29 ; Jam
3
33% Jan 15 ?v
General Refractories—
No par
19 ft. Jan ft",
:29 ^ ft Jam 14
ft39 ; Jan 29 ,
General Shoe Corp..—
—-1
Mar.
"125
Jan ;4
130% Jan 10/ ; 99
Gen Steel Cast 56 preferred—No par
ft38% Jan/18 ft ft 40 V» Jan ft3,ft ft"25% Mar
General
Telephone Corp-.—-—20
27% Aug
37% Jan
3 ft ft 46. Jan 28; ft
Gen Time Instrument Corp—No par
425V*
,
> Dec
14% Dec
ft?
?
,
3
46% Jan
{
-^——^—-—--100
L100
Jan
6
ft; 15
Dec
15% Jan
8ft
ft 38 V* Nov
Jan
44
Jan
9 ft ft 19
145% Oct
152% Jan
8
114% Jan
; *r 36
Oct
/
ft 35%, Feb ' Tftft, -1 ',2 Mar
172
'May
Oct v
177
Jan 31 ftft- 153
49% Sep
37% Jan ' ■
50% Jan 30; ft
56
Nov
id
Feb
55 Va Jan 17
3
v
preferred—
conv
49
ft
Dec
Feb ft? ft ; 86
-51% Nov •'
Jan 15
Jan 10
27% Jan 10
187
1
8% "preferred
16% Mar
-
68% Jan 28
3..
,?60% Jan
'
Jan 24 • ft. 23 ft Jan ft,
58ftft Jan
101
Jan 24 i
19 % Jan 28 ft / 12% Jan ft
108
Jan 14 -ft 104% Apr /
14.
Jan
•
17%
ft
83". Jan 15 ;
8
-17 % Jan
108
•
f
Apr
ft,
Jan 28
12V* Dec/
ft 19% Nov
29% Nov
28%'Dec
ft
;ftft,51v
4
Jan
78
?
ft:
,
37
.
104%
.
*104
44%
43
125%
29%
*104
44%
*108
44%?
*112
104
43Vs
111
43%
44%
39 Va
44%
44%
*109
115
125
39%
39%
111
Dec
10%
Jan
14V*
15 ft
ft 14% Jan 28
3ft
f35% Jan
Clas?.
3%%
Jan
16
?
29% Jan 29 ft
85
4
5
12% Jan
,
ft ;
6% Jan
4% Jan
28
"
General Motors Corp_—
46
32
32%
*
-
10%
10%
2
-54% Jan
General Mills common——No par
*141
*141
10 Va
Jan
1
,
180
20 % Jan
1 33% Jan
A^——No per.
139
Jan
1% cum preferred
-100?
-32% Jan?
General Cigar Inc.—;
No par
.ft 171
Jan
ft?7% preferred
—100
General Electric Co
No par ft ,46% Jan
52 % Jan
General' Foods Corp—-—No' par,
'
21V*
21%
40%,;
May
36
11% Jan 29
2
x23% Jan
ft
5
—No par
—8
No par
preferred-
; General Cable Corp-—
/
.
6%
>
$8
General Bronze Corp
3
Jan
K-ft 78% Jan
50
1
Amer
Jan
23
ft /
100
—
Transportation—
General Baking—
Gen
9
19
-
-&
Investors-
Amer
$4.50 preferred
38%
,;
1 Dec
146
ft 51Va No v
-13% Jan 14
10% Jan,. 3
,
«
ft
preferred
20
Industrie* Inc
—l
4 Va % conv preferred-^.——50
ft
130
22%
46
33
34%; ft, ftft- 34 'M
,60%
see
Jan
Jan
28
49 V* Jan
-ft- $3
ft
38%
26%ft"
19%
ftft.
*75%
For footnotes
Jan
Jun
;
35>/a Dec
59 Va Aug ft? ft; 80Va Jun
ft 44% Dec
25
Jan v
ft 43 y8 Dec.
15%
11
.2
142
ft Gar Wood
<ta;
*22%
21 Vs
33 '
*108
,
114
49%
i''V
79%
79%
21%
70%.
ft
ft 176 ft ft
*110
ft
48%;;/ft;
Jan
Jan
Dec
13% Dec
75
ft/47%' Jan '/ft
17
9
27
Gabriel Co (The) cl A—-i--No par
Gajr Co Inc (Robert)--.—
—-1
preferred——
~_-20
Gamewell Co (The)—-----A 0 par
Gardner-Denver Go——»N0 par
*131
*120
7 V*
112%/ft
.
19V*>
72 .ft:
13%
.•
,
ftft V 71%
85'ft:? 85
-?';! 84 /
33%
34% /ft;. .34'
/
131 Va
124
47
70
34
175 ft; 175 ftft ft
C
131%
21%
26
109
-•'
Jan
4
26%'Jan
ft; 6%
ft
50%
50%
46
*110%
26
33%
109
50
38%
33%
3
38 Va Jan
Fruehauf Trailer Co New——
15 Va
•177%
23%
8%
ft ftft" 15%.
12,/■; ■; /ftftllftft
:*108 ;
33
33
;
10
.—18
——25
Francisco Sugar Co
^— No t>«r
F'k'n Simon & Co Inc 7%pfd—100
Freeport Sulphur Co_
—10
Corp—
prior preferred;
6 %
ft'
22.%'
10%
Machinery Corp—
Foster-Wheeler
144.% .145
«-
fe
78%
129%ft
■
*108 Vi
72% Jan
9
24%
/•34%/ft vaft/Y34%;
177
22
79
ft ,ft :78 V*
ftft ;; 103% 103%;
33 ft : /-
»3i%
24%
1'%
56%
15%
15%
,11%.
?ft;
34%
177
23
■
*55%
69
70%'".,
111% 112% ft
;
..
'
38%
/ft: 7 Va
38%
7%
.
7%
39%.
38%
38
103%
X44
105
105 V*
;
15 h- •15 V*
U%? 11%
*31%
•
28
ft
ft. 76
V
44V*
*112
43%
*104
,"?5%
103 3 V
68%
ift 68%
*103
.
*120
80%
129
39
•108 ft
28%
104?
151
:
ft / .'
105
*54%
7%
•
7%
124
79%
127
39%
•
.
114
ftift'-43%-
43%
23.
■
ft
44
.
.
43%
'
42%
ft
134
23%'
38%
45
111
27%
105%
32%
46
43%
43 ft/'
Jan
Jan
conv
Food
18% Dec
;
6% Mar ft
-
.
*103%
104
42%
;?
•120
129%
126%
•
*112
,26% ;/28-ft:
f 104
33% Jan;: 2
"
ft
33
43
114
■</ 9%
T
36%..;, ft;
*108
42%
.
126%
ft; 39%/
39
50%
*131%
*141
~9%
32
111
?
nu
::?
7 Va
40V2
45. ft .ftft- .45?;-
42%
ft<
37%
22
ft'.': *36%:
ftft 126%
/ 125%
■
*108
•
22%
'
'
7%
*141
*141
Y
'
45 Vz
',
178^
*120
21%
45 Vz
1
«41Vz
ft, /133
23
21%
24%.
ft
,38 % -
44%
24% ?
ft4i"vfe;
ft
37%
7%
Feb
45% '
ft :
Dec
Feb
111% Nov
53 " Oct
ft:
Jan
30 V*
4
73%ft
July
16%
673/a Jan
27 ft
38% Dec
,
■'
41
No par
Corp
/ Oct
/; 60
•41'
preferred
-100
Food Fair Stores Inc— ••••■I
5%
50 Va
-
107
14
1
13%
/;':"54%
*129
is
Jam 15 *
Jan
22
186
*182
•:
49%
ft
Jan
3
Feb
68
.
13%
'
.
'
7%
21%
13%
186
55»A
129T4
2
Jan
92
-6?%'
49%
21
15
16% Jan
•
70% Nov
Jan
Jan
Dec
liOVa Mar
Apr
ft 23 V*
3
Apr
34% Nov
63%
Jan
2
18%
54%
.
105%
,
11
109%
49%
'
59% Dec
ft
53% Mar
17
'47% Feb;' .1
—No
Corp———J7 %
Steel
Dec
107%
Jan
Feb ■ftft l/ft ft ft',42%:
62
110% Jan
Stove Col—
109 Vz Jan
Jan
.46% ¥•'■?
'
55 V*
80
3/
,7
Jan
11% Jan
18%
54%
78'/a
55
10
>107 %
/'
Y
49%
37%.
ft'
7
'•""92
93
109
50
133, "'ft;
m
;;
.NoftpaK
com
Morsnelm Shoe class A-
62
54%.
: '
.
35'/a Jan
(The)
Co
Florida Power
14%
50
,
Jan
103
ft 21% July
Jan
ift; /;; 50
Follansbee
27.
46 Vz
144 Vz 144%/
;/::
;05fft /ft
■
■
49%
,
—
No par
Florence
11%-ft;//
14% ..15 /.? ft ,,,14%
145.;;;?
■'?
*175
50%
National Stores
$4 preferred—par
1
:r85;"
54%
/'./
23 V*
23 V*
37%
50'
ft;
79
77%
,143 V*
fe;35
25
100
4% % • preferred
Flintkote
■'24?
ft
132%
126.
<
*129%
.
?
?125
142%
35
34%
'ft *175.. / 178%:
ft
50%
49 Va
-ft.;i ft
143 ,ft\ it,
ft ftft
34%
176
*131%
:
76%
■
42 /'■ .,,./. 41...
50
75%
,
15%
41%
55
'
25
24%
15
49%
131%
*182
ft ft?' 24%
15%.
54%
126
<
ft? 13%
42
50
131%
*120
"
13%
186/
*183
25.' ft"
34%
•'
First
-14%
66% '68%?
/
15
54%
;
49%
?
42
25
32% Nov
18
Dec
10
'
13%
■
Jan
28%
;
21
*61%
ft'
48
15 V*
/174.
,
.
25'/a
?■/
42%
Jan
'
22
20
*80
14%
*46%
03
?
42%
143 ■/ /■ 144/ft:
■■""'
?
13%
'■■
Jan
23%
9%
Jan
rii3%^/?/
26%
/-ft"-/
27
62
*107%
68%
67
185%
185%
25%
Jan
/conv
Dec
26% Dec
110% Oct
Jan
:
30
::
24
18%
109
*107%
;'ft/
20%
Mar
14
18
■: 19%'
'
85
61%
15
25tft'
;...
;.;/
34%
174
,
185
68%
•
19%™ ^
19
.
ftft
r,
Y
92
92
19%
109
'
; ■
24%
,!
'14%
62., -ftv
49? ft 'it
42%
?,
ft
.144 /?;?
144
ft
100
*95 :
.."19%
;Y;:*IC7:%;
68% ft ; ; 68 V*
13% ftfeft ft 13%
67%
>
ftft?
19%
109%
17
:?
106
12%
11%
27%
*48Vz
100
•
*107%
36% Nov
104
28
32% Jan
4
25
„1
11%
13
20
'
*107%
12%
27. ft?
61%
49%
'
ft
20
Y-/"24%
ft .61%
.
.
Y
U% /fe:' 11%
82 Vz
'ft
ftft
65
Jan
12% Mar
26% Jan ■10/ft;
preferred—^. ——100
4V*%
40% /ft0%'ft:
20 ftft
:
24% ft 25?
29%
*85
Jan'
25%
.
9 /■/:;
111% Jan
Nov
42%
28 ft
19% Jan
22
28% Jan
m isv*
.No par
No par
—
Federated Dept Stores—.<
"
fe
6
28% Dec
,
.
U%
20
25%
11% Jan
'
Federal Light
*.
?■
Dec
20Va
30
63% Jan
Corp—--
85
74*""73ft\"73 ft " ?73%ft'
47%
" ft £4%;. 45%
•
45%
":*27 ' ': 27% ", ftv 27
35V*
" 32%" 33
'
ft '33 %
Nov
22% Jan
32% Jan
38%
'17%
84%
Jun
Dec
,
1
62
27%' '
13
ft;
20%
„
28%
28% ft
85
!
•
!
25%
61%
'
17%'*
;
92
3
34
?"
"142
" *140 *150
*144 " 158
*
54% ft - ' *53% i 53%' "
55
55
)
42% 45 ' ft'>* 743Y ;~"43%' ??■ '42% ' 43%:'
45%
20
14% ,14% ;
<
45
'
61
:
41%..ft:
13
s
25
85 ?/
ft:
::ftft:
ft/ft 14'/*. ■14%
*60V* : 60%
17%
V*
82
54
20%
■
84
17%.
83
86
Jan
3
Cleaner———^-5
Vacuum
14
20%
Jan
86
>
Jan
18 ya Jan
142
ft/ft
11% fe
19%
24 Vz ' : ft; 24% •
24'%
26 Vz ft: 27 ft/ fe ftft; 27 Va
?f
ft? *81%
Y 18%
48%
142
.
33%
ft:
•
18
12%
68%
28
23% Jan
108%
38%
July
JulyJuly
109
4% Nov
Sep
May
:
1
Dec
106
108
57% Feb
111% 111% ftVftin%<ii3
ft 49
49% ft
<'-'47%
48%
17%
18 Va
17%
18%:
*47%
48% ft
*47Va
48%
•
107 V* Dec
Jan
Jan
79%/:
;
60%
38%
38%
50%
79108%
>
59%
*47%
17'
;54-; / 55%,- ft .'
v/
v
12%
*49%
50
.*138
.
.
59%
nu% 114%
,
.♦.135 .142 ' ft ., ,•135 'ft 142?7
-W.54:ftft54%'ft,ft AS?? ' ,55%
42%
44
ft
44'/a 45"
•?ft 10%
39%
"75ft,?<73
73%
47
47%
48%;ft' "45%
/26%"ft^ *26% 27%: vft', *26%
:?35% -ft Y 35%.; 35%ft ft ft.:33%.
47
s,
i
50%
39
50%
18%
79%
79%
*108%109Vi
59%
39%
112% 112%
*46%
50 ft
'
*49%
50%
*46%
/Yl5%?: 15% ?ftY'l&?':
16%
16%
*79
79 Va
79%
80%
82%
ftv-4li-ftft'41%:- <ft,' Alft ?:41%':.ft<;/41%
ft>74 -ft>74
80%
109'/*
39Va
,
51
18%,
v
79V*
109%
109
59.
-
fiii% ii2%
-
51
17%
59%
<
ft
80%
109
38%
ft
•*m% 112%
79%
109%
Dec
Sep
16
68
67
81
,
103
1
23 Va Jan
95
;
Mar
24
'
•109
62
Dec
-3
Eureka
Ex-CelI-0
107
•30%
,
68
1.
Oct
Jan
27%
Jan
107
7,
Jan
48%
29%
39 Va Feb
111
3
17
/
21% Aug
20% Mar
-
31%ft
107
31%
Jan
11.
85% Feb
4
104% Jan 10
105% Jan 31
ft 3 Va Jan
2
ft Evans Products Co———8
74%.
■
104
—i.—-No par^
No pari
-
.
107
31
67%
Jan
106
10
ft :34% ? 34%ft
19
19%
25%
25%
18%
25%
107
107 *
/
75
-100
Publio Service-.-.—;—a
900
.
110% 110% vft*110% 111/ ft
50%
61%ftftftft5©% ■ 50%ft
•29%
30
»29%
29%ft
•
17%
17%-- - ■ -17% 18 /ft
ft 61%
62%/ ft :{61% 61% <
52
1
Jan
55% Nov
43% Aug
34% Mar
ft
.ft 7,500
ft; 12,300
"73%
18%
30
ft'62%
106% 106%
i
,
51%
29%
17%
■
30%
.
'64ft,ftft; 63%/ 63%'
106% 106%
ftft 31%
32
'r
67%
67%
/
31
66
53ft
30%
29%
17%
Y'Y/63%/
1
<
55
ft
ft?
" 34%/ 35%ft
19%
25%
46% Jan
56% Jan 24-
32% Feb
\ft
31%
73%
<74
35%
73
:
4
Erie RR common———No par
/-; 5% pref series A——
100
*■ Erie & Pitts RR Co
,——50
.
35%
Dec
Jan
29% Feb
$5 preferred—.
41,900
/ft
i
21
Dec
146
51
10 ft
86 preferred—
—No par1
ft 137,700 j YEqultable Office Bldg—No par
5%
22%
158
Jan
3
15% preferred—
700
19%
52%
<
♦28%
ft
107
5%
Jan
103
5
220
22 Va
109
30
Jan
2
—
19% Dec
30
156
?Jan
Engineers
ft
Jan
166% Jan
3
26% Jan
110
106%
90
20%
/?no%~::W2fti;-^ft^UO%;?,112::^'--ftv'.*lW%;;112.'ft.'fti ♦110% 111%
/
ft
106 '
;
3%
3
Jan
24
preferred
•
28
Highest
.
I per share
.
137
Johnson Corp———00
EuuiuOtt
/.ft'/ 10
28,500
100
31
35%
■-
89 V*
ft
18%
18%
25
"105%
"105%
22%
♦92
.35%
1
.,
18%
•105.
105
ft
39%
26 Va Jan
7
,
I per share
148 Va Jan
ktf prelerreu
500
85%
111
v
ft 38%
10%
,•59%
/'ft/ 9%
•73%
85%
ft 111 •;
ft
60%
10
21
28%
32%
106
r
21%
ft
90%
52
29%
:
31
ft 105%ft 105% ft
/•ft: 5% ft: 5%
.
'/ft
52"
85 ft,
1,300
54%
28%
31% .ft
38%
105
5%
22%
■ft/ "92
*92
♦105
;'—i—Nu.pur,
?;
2,400
Electric -storage Battery——No par
ft:! 4,500 ft El Paso.Natuial Cras-.--i-—^-3
ft 14,800
Emerson Electric Mfg Co—4
ft/ 27,700 ft- Emerson Radio & Phonograph—-~5
r;
111
37%
;/
ft
107
5%
22 Va
-90%.
:
ft:
♦109
37%
38%ft
105% 106' I
ft
•
-
27%
29
111 ft
♦109
-
*105 .>-,*107 ft-'
'
4%,
21%
ft
27%
!'■
-
28%
27%
17% Jan
24%
3,000
8 per share
8 per share
156
i *53%
'V: 54% ft
ft 51% ?/53%"
53%
r c;-
,
;?<:'/ ■'ft'' ft /'ftftft
Par
Electric Power ds -Light—
.No par
at preierrea—No par
ftv: 42,400
Year 1945
.Lowest
'
166%
155%
f
ft: 54
28%
EXCHANGE
•
.
Range Since January 1
•;
23%
165%
155%
.
Ranre for Previous
ft
•164%
165
155% 156
"54% '55%
52%
111:
: 39
38
•'
107
*105%
ft
24%.
23%
24%
166% 166%
ftfe /28%/28%?'/?28%
25%
*109
V
38%
*105
?';■
ift
23%
'
;ftft 85%- '85% *
:
*81
-
28%
25 Va
,
25%.
163%. 166'
154
155% '
55%. 55%''; ;
ft
"ft?. 55%
55%
:<'";ft;52%ft?53 /v
♦'
28
.24'/a
165
154
'
52%
,
26%
163%
154
54%
ft.
24%
--
STOCKS
...
NEW YORK STOCK
?
?
,
r
•
"
'
"
RECORD
ft/>/?. 1
LOW AND BIGI 0ALK PRICES
;?ft Saturday
ft?- '
THE COMMERCIAL & FINANCIAL CHRONICLE
Jun
61% .Dec
Monday, February 4, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
B*tnrda*.
JLOW AND HIGH
Tuesday -
Mondav
.
Jan. 26
Jan. 28
Jan. 21)
t per share
$ per share
t per share
32V4
25%
26
*115%
—
45%' 45%
15%
16
105
105
15%
16 Va
15%
137%
35%
*86
♦184
-
-
v
106%
88
1
86
*184
37%
37%
*125
130
91%
.37%
14%
37%
16 '/a
15%
36%
35%
*85%
87
436
191
*184
191
36%
36
37%
125
130
130
131
133
133
X133
133
*91
93
.
139%
141
34%
900
400
300
54%
26%
62 Va
113
90
1,000
26%
*
Holly Sugar Corp——Nonpar
Homestake Mining.—
—12.50
Houdaille-Hershey com —J__No par
27%
54%
11%
23 V4
33
,
33%
29,700
9%
44,700
9%
42 Va
41%
40%
42 Vi
41
44
43 '/a
81%
82%
81%
97
97%
41%
98
41%
44
42
Jan 23
17
39
35% Jan
f per share
33
Jan
20 Va
I pershare -
Jan
8
15% Jan
117% Jan
17
103% Aug
106% Jan
26V2 Jan.
17.
'9
17
152
45% Jan
14
Dec
105
Jan
x30
28 Ya Jan
155
18%
Jan
Oct
%
preferred
.
50
Household Finance com——No par
3%% preferred
100
Houston Light Si Power Co
No par
Houston Oil of Texas v t c.
—25
*
......5
5% non-cum preferred
Hud Bay Mln & Sm Ltd
Hudson Motor Car.
Hupp Motor Car Corp
100
100
No par
No par
1
3
Jan.
2
•
.32% Jan 22
103% Jan 4
■ 86
Jan 29
184
Jan 15
35
Jan. 21.
113% Jan 21
130
Jan 28
86 .Jan 5
135, Jan 2
27
Jan 3
32% Jan 2
32% Jan 2
56 Va Jan 22
16% Jan 16
106 % Jan
24
Jan 30
157/a Jan 28
17
Apr
7%
9%
6
Mar
Mar
24
37 Va Jan
28
20 Va
10$ % Jan 22
100 Vi
184
;
Jan
2
Jan 15
387/a Jan
9
Jan
108
139% Jan
90
Jan
Oct
98
71%
Jan
Oct
Apr
Jan
170
22% Jan
131
Feb
'1
82
136
Jan
12
130
Jan
Feb
94
Jan
29
72
Feb
146 Va Jan
21
123
30
Jan
19
21% Aug
37
Jan
15
25
34% Jan.
9
Feb
"
Jan
23 Vi
Jan
6IV2 Jan
11
Jan
16
41% Jan
17
Jan
29
17 Ye
24'% Jan
;
27
30 '
51
34
Jan
56
Jan 11
42
28
Jan
62
16% Jan
55% Oct
21%
-
1
.
60
27%
106%
84%
19%
51
8V4
19%
33%
29 %
8%
2
Jan 15
Jan 21
Jan 2
Jan
4
Jan
3
Jan. 3
Jan
7
Jan
3
JanV7
Jan
2
Jan 7
Jan 4
Jan
3
Jan
3
29
Jan
Jan
Jan
14
33
Jan
30
25
Aug
111
Jan
25
102
Sep
92
Feb
1
66% Jan
29 Va Feb
1
12%
Jan
58 Va Jan
30
25
34%
12% Jan
2
Jan
Jan
Jan
17
10
Jan
25
40% Feb
1
26% Aug
34 >/8 Jan
9
14 V4
Jan
10% Jan
30
3%
Jan
82%
97%
$ per share
Rangelor Previous
Year 11)15
•
Lowest Highest'
43
81%
;
±—8
(A)
Howe Sound Co
Hudson & Manhattan
1,200
9,400
24
40
1,
..
-
3,500
11,300
38%
40%
$2.25
24,600
11%
\
81% v.
97%''
37%
Hollander & Sons
___
53%
42
■
3,000
90
25
121
par
Rubber Corp.:
5
Hinde & Dauch Paper Co——
10
Hires Co (C E) The——,
— .1
Holland Furnace (Del) ———.^10
200
32 »/a
.
*110
81%
-
10,500
12,500
25
_i
Hewitt
2,500
33
53%
31%.
■.
12% Jan
—.9
„
Co.
$4 conv preferred.—.——No
.
1,000
34%
Glass
———
.
320
32%'
40%
v
600
35%
26
26%
■
-
,
,'80.
*35%
61
*61
-
,
.
15,
•
3 % % preferred—.—*———100
Helme (G W).—...
—2a
1% non-cum preferred.!.
*100
Hercules Motors—No par
Hercules Powder
par
5% preferred ———————100
Hershey Chocolate———.—.No par
;
3,900
34
*24%
1,000
—i
29%
29
Corp—.
Hazel-Atlas
Hecht Co.
v
J2,800
1,400
Mfg
Hayes
u
400
•
133
*131%
Hau Printing ou—--—iu
Hamilton Waccb Co.
par
<i% .conv. preferred———100
2,000
108
35%
34
37%
*106 Vi
108
*106
29%
61
14%
138%
*36%
36%
142%
29%
20,500
103%
138
138
92
142
9
:
16%
14%
*136
15%
*103
103%
127
126
127
130
106%
.
*184
191
*103
37-
*105
191
37
-
139
36%
*37%
*105
16% i 16%
15%
16%
15%
138
^
v,
,,
44%
17
14%
15%
139
.1fl&ctenaacfc' Water—.
1,500 f
-
103%
16%
•
:•
35 Ya Feb,,-1
31% Jan 31
Jan. 21
40
.115 Va Jan 12
70 ', Hauna (M A) Co «4.2» pici—Ao par
105 Va Jan 16
4,500 v
Harblson<-WalK Retrac—LWo pat/25% Jan
4
0% preferred—.———100
155
Janv17
,1,700
Hart, Schaffner & Marx——i.
10 .:
39% Jan 4
2,200
Hat Corp of Amer mass A
1
12%. Jan 4
20
•
4 % % .preferred (modified)—-100
103 * Jan 9
11,200 ;
Hayeo Industrie* fnr.
147/a Jan, 3
—.
*103
•
-
$ per share:
200
28%
'44%
16%
-
EXCHANGE
Shares
1,200
108
*152
■
,
Range Since January 1
Lowest ■
Highest
NEW YORK STOCK
the Week
■*
117
28%
28%
*152
\'
S per share
I per share
25%
*106%
108
Feb. 1
33%
*116
117
*106%
,27%
Sales for
F'iday
Jan.31
37%
*30
25%
/
Thursday
$ per share
•
-
,
STOCKS
SALE PRICES
'Wednesday
Jan. 30
97%
41%.
'
*97
*36%
"82%
"
^37-.:;
98
30%
37 ',
16%
15%
16
15%
15Y4
30%
31%
3T
15%
31
30%
30%
29%
30
20%"
19s/8
20
,37
'
*363/4
37%
'
20%
82%
*106%
140
"
21
20%
82%
833/i
107
*106%
138
140
♦167%
*108%
20%
,11%
51
11%
.
'
17%
♦238
109 Va
*167%
110
UO
21%
52%
108
12
*106%
107
X142
142
*167%
113% 113%
—
—
In
20% -111 %
107%
•
11%
11 Va
20 3/4
IXVs
52%
'
51%;
52
108
.
*107%
*
113/4
12
12%
5?
19
18%
52
18%
19%
)
lOTYi« 108 %
*95%
10
32%
,v
96
lO'/a
395/a
1
; 197'
/
1951
145
45%
46
121
121%
96%
98
98%
99%
192%
193
192 Va
193 Vi
33%
96
10%
10 Va
121
,■
112
113%
113%
49 Va
•
10%
40%
145
*59
49%
1213%
120%
115%>
96
ic%
114
49%
*177
200
*144
180
200'
€0
49%
200
*190
*144
175
29 Ya
30 Ya
31
30%
44
443/4
27%
>26%
44%
22 Ya
*48%
23
44 Va
*146
49Ya
111
148
*139
,145
*55 Va
114
*44
140
'
433/4
26%
*44
45
941/,
Jacobs (F L)
50%
4 Vi %
Johnson
Jones &
104 Va
333/4
32
122
32
.
63
*50
543/4
37
33%
29
55%
37
66
18%
183/4
91 Ya
92
63 V4
:
54%
♦37
64%
*18
*90%
Kennecott Copper—
39
Keystone Steel & Wire Co—No par
65
Kimberly-Clark Corp..
No par
Kinney <G R) Co...————1
$5 prior preferred
No par
Koppers Co Inc
;
10
4%% preferred—
..100
Kresge (S 8) Co—
,———10
Kresge Dept Stores.
1
Kress (S H) & Co
No par
Kroger Grocery & Bak
No par
19
52
109%
108%
108%
373/a
38 V4
38%
18
39Vt
18 Va
*17%
18Va
47%
473%
47%
473/4
47%
48%
X47Ya
483/4
4%
non-cum
.■
Laclede Gas Lt Co.
Lambert Co
(The).
Bryant
4%% Preferred
Lane
.
For
footnotes
see
page
671,
-.10
L pf ser B
No par
Kansas City Southern—par
Kan City P &
55%
34
391/2
.
Kalamazoo Stove & Furn,
29
51 Va
,
383/4
*108%
100
Chicago RR stamped—100
Laughlin Steel
No par
preferred——100
Kaufmann Dept Stores...
-1
Kayser (Julius) & Co
a
5
Kelsey Hayes Wh'l conv cl A——.1
Class -B———.
—1.
37%
50 Ya
30
*65
313/4
.
37
51
34%
29%
122
31%
*62
37%
34
33%
*119
323%
63
37%
Si Johnson——.—,....12 Va
5% pref series, A——.—.—100
5% pref series B conv
100
Joy.. Mfg ■■
...I
.148
333/4
100
preferred
4% 2nd preferred ser A
30
*119
1
No par
Corp—.—No par
3%% preferred
——.—.100
51%
148
r
Johns Manville
56%
Jolfet &
49;
Co.
Jev/ei Tea Co Inc
115%
*103 %
140%
30
31%
43%
*155
♦150
47%
if 31%
141%
114
104
140%
45
.
111
.56%
—
47%
*103
175
.
26%
'
27%
149% 150
57
114%
•150
45
*155
?*»!/,
49'/a
111
60%
493/4
200
r
31
30%
433/4-
23%
115
*144
31
30%
*155
*1097/a
1143/4
60
493%
29%
44
'
1143/a
27%
*42 3/i
23
*190
180
120%
119%
'
29Ya
30 Ya
443/4
435/8
,
60
200
*144
30
146.
>49%
59%
49Yi
120 %
23%
41%
146
:
44%
23%
115%
59%
180
29%
113
49%
11
40%
119%
25%
32 Ye
96
10%
41Y8
146
43Y4
121
12%
325/o
96
''
-
10%
40 3/4
193
12%
32 3/4
96
*145
45%
60
200
30
10%
41%
25
25
*144
30
12 Ya
313/4
:
145
44%
*177
29 Ya
32%
33%
96
46%
23%
59
13%
,
200
99% 300
193
'
23 Vi
49%
33
*94
403/4
145
23
59
13 Ya
14%
32Y4
96
46
19%
198
195
96%
193%
40 Va
*142
40
•142
llVe
19%
20 Va
193 %
12%
1073/4
11%
248
197
;32%
52
.
1073/4
113/4.4' H341.
95%
193% 193%
; 12%
12%
21 %
* '11%
*11
108%
11%
19%
12%
'
83
107
143%
'
*11%
245
141
—
21
21%
IIY4
17 Va
248
*167% ;
52%
HYa
81
*106%
141
52%
i08
109
109
83
*106% 107
*138
*11%
511/2
^1%
83
833/4
141
20 5/8
»
■
107
__
109 Ya
20 Va
19%
*167%:
109% 110
•
—
21%
No par
22 Va
Dec
47
Nov
114% May
145
Nov
137%
Dec
116
Nov
Dec
140
Dec
61
46% Nov
Dec
139
NOV
30% May
105
31% Dec
124
Mar
Dec
Dee
Dec
54s/a Dec
35 Va Dec
31
Dec
51
Dec
31 Vi
67
38
35
Nov
Dec
Nov
96% Dec
40% Deo
67
19
112
Mar
353/4 Nov
173/4 Oct
X49 V4
Nov
50 Va Oct
THE COMMERCIAL & FINANCIAL
Number 4461
yolume 163
NEW YORK STOCK
'
Monday
Jan.26
.
Jan. 2S>
$ per snare
$ per share
1167%
70
69%
W
16%
17
17
17%
44%
16%
44
16%
5%
58%
5%
5%
;
*67%
'
17
17%
-S per share
45'
45%
16%
58
58%
16%
5%
57%
58
58%
28%
5%
?•57
57%
57%
■
59
IV Friday
69%
16%
.17/.
44
16%
i-5%."
58%.
•
44
:
15%
.
28%
~
'
28%
28 %
3*.'A
34%
^34%
70%
,71%
72
74%
13%
13%
13%'
37
'
14
•
37
1
*37
•
*99%
38
73%
13%
36%
101
103
103
103
103%
"197
200
197
56
56
56%
*80%
.30%
40 Va
82%
'(
57%
59
59%
30%
31%
31
42
43
42%
42%
43%
43%
43%'
37
41%
.
57'/2
83
59%
31%
43 %7
37%
■82%
,81
59%
,31
*58
'
42% ' 42%
25%
37
.83
-
59y4
37%
38%
68
68%
68%
71%
71%
V
-
-31%
31%
31%
31%
31%
*83%
<■84
85
30%
31'
30%
193%
193%
31
86
31%
193%
31
31%
195
30%
*194
32%
.
31%
;
56%
56%
28
^28%
34
73%.
13% 13%
-36% 36%
27%
33,
83 Ms
:
33%
33%
73.
-73%
V
73 %
74 %, V
33%
13%
13%
14
36%
37
36%V36%-
•
5%
v
58
67%
67%
6914
68%
29%
28%
42
42
42%
30
...30%
82%
83
29
29%
195% 195%
31%
31 % »
69
71%
28%
29%,
.
36%
26
49%
*109%
112
36%
36%
26%
'430
26%
*430
520
16
28%
195%
30%
*30%
70%
40%
29%
41
-M Y_
*157
■
/
48%
50%
v75%
48%
49
49%
111%
*110
111%
*110
112
26%
36%
'
2G%
26%
74%
35
36%
26%
27
*490
560
*490
520
15%
15%
24
24
24
23%
44%
44
44%
42%
35%
27%
570
15%
24%
34 V
23%
*43%
75
15%
*23%
15%
16%
*23%
34%
43
7%
7%
7%
16%
7%
10%
10%
10%
19%
19%
19%
44 %
44%
45%
7%
10%
8
9%
18%
10%
38%
•44%" 44%
18%
45%
*
111
111%
110 %
111%
43
43%
43%
43%
44%
45%
25%
27%
27%
28%
26%
28
CO
60
61
61
60%
61%
*43%
44
44
44
*42%
44
32%
33
33
33%
33%
34
*111
195
111%
109
57%
*109
15%
15%
*50
50%
112%
58
55%
111
57%
110
15 %
*50
•
*195
*195
56%
110%
57%
110%
16
15 %
15 %
50%
*112%
59%
60
<
35%
35%
112%
112%
*57
*39%
40%
41
34
34%
'
59
57%
34% ^35%
116
116%
57%
;
33%
40%
>113% 116
40%
40%
34 >
34
116
40%
>39%
34 'v
-
34
*114
33%
•
^
34% ' 34 %
67%
67%
68
67%
34
67% !
68 "
46
46%
48
49%
50
108%
*106
108%
*106
108%
30%
29
29%
30%
30%
30%
*120
*120
*121
28%
29
29%
29%
29%
23
24
24%
26%
*25 %
25%
*106
107
106%
*48
106%
55%
*104%
103
25
106
104%
104 Va
104%
104%
104%
49%
50%
50-
50 %
27%.
27%
27%
27%
27%
81
82
81
81
41
41
84
41
40%
42%
42%
43%
59%
59%
59%
58'%
59%
SQ
SQ
*109
110%
110
15%
16,
15%
16%
33%
34%
33%
35
57%
60%
59 Y
59%
157%
158%
24%
29
109%
57%
78
—
29
-24%
50%
59
57%
110%
15%
33%
*76
*120
24%
27%
*40
*157
""
29
23%
83%
40
33%
121
29
29
49%
40
♦57
49%
52%
108%
29
!
84
*80
15%
106
29
27%
86
*110
106
106
.
48%
27%
*80
57%
106
106%
'
51%
*106'/a
108%
27%
48 %
27%
107
*106
106%
28%
158%
77
*
24%
109
*/J09%
109%
*159%
78. ::
24%
55%
55%
80
25%
i
56
25%
55'A
110%
-
161%
80
25%
56%
*112
115
*112
115
*112
115
*110
112
*110
112
*110
111
*109
114
*109
114
*109
114
47
47%
47
48%
*48
14%
15%
15%
15%
15
*122%
124
124
124
48%
15'A
*121%
124%
30%
31%
32%
31%
31%
16%
17
16%
17%
16%
50
49%
50%
48
48%
*49%
50
49%
50%
'
16%
49%
32
50
36%
38%
41
41
43
130
132
133%
135%
140
140
*115
116
115%
115%
114' '
114
*111%
113%
*111%
113%
*113%
114%
*109
110
*109
110
*109/-
111
36
37%
""50
36%
V 40
*40%
38%
40%
79%
80.
78
79
27
27%
28%
29%
61
59%
61%
53%
53%
32%
32%
*59
53%
32%
44%
18%
32%
32%
44%
44%
18%
19
107
107
33%
53%
31%
31%
•
46
19%
107 %
107%
44%:
'44%
45
47
146%
-
"
♦67%? 68
68
50%'
5C
*106'
*120
28%
34
XG7%
50%
*106
;
71
28%
«
*157
__
28
*195
n
74%'
49%
*110%
■
71%,;
70
y
73%
49%
199
43 %
42%
*156%
„
72%
37%
96
*197%
43%
38%
29%
*156%
96
60
69%
28
/•
27
27
.
.
58
56%
-56%
31%
V 42%
37%
58 >4
r
58
27%
*94
100'/a
58%
31
27%
-
97%
31
42%
31%
27%
58
*98%
195%
67
Y
5%\
5%
56%
*197% 199
57%
57%
82% 83f
'83%
84%
16
5%
*96
71%
*31
16%;
44 % •>;'
15%
16%
56%
,
"-S7
101
102
103%
197% 197%
19 T%
*53
:f,
74%
14
367$
70
£ 44
.
33%
73%
'5%>C.
34%: 34%'Y
'
101
101
102
28%
28'/a
34% 5
share
16%
,■
57
t
Feb. 1
I per
*68%1
69%
45
44%
16%
5%
J
Y
17%
16%
'
17%
58%
Jan. 81
A per share
''Y6 ^•>'''V:*68%/v-70'y''V
45
59
Tbnrsday
Wednesday
Jan. 30
Tuesday
Jan. 28
44
16%
RECORD
LOW AND HIGH BALK PBICE8
V
Saturday
J per share
CHRONICLE
146%
*146
150
>109% 111%:
20
20%
110% 111%
21
*5C%'.\ 51%
21%
51%
62
*61
*61
51%
62
23%
23%
50
50
24%
50%
25%
51% :
36%
37
38
38%
31%
31%
19%
,
31%
19%
27
19%.
27%
.32%
32%
33%
,
27
32
,
33%
99-
201
29%
31
19
V 33%
/
For footnotes
19%
see
Nash-Kelvlnator Corp—•«..
Nashville Chatt & St. Louis.
38
24%
25%
Co
National
Acme
32
30
30%
National
Airlines
20%
20%
Nat Automotive Fibres Ino
28%
33%
34%
Corp
28%
National
33 Y
National Battery Co
33%
National Biscuit Co
33%
*200
671,
Aviation
27%'
33
•
205 ,?
V 30%* 30%
19%
page
50
,37%
20%
*199
201/
*29%
31
19%
,
*49%
20%
21 \Y
7%
preferred
Nat Bond
& Share Corp
National Can Corp
J
Monday, February 4, 1946
[THE COMMERCIAL & FINANCIAL CHRONICLE
;"•••■ Manday
Jan, 26
• per share
"
;
Jan. 28
'
i per
44%
'!
44% '45
28% .28%
.45%
; '44.
29
28%
19%
20%
20'A
21 Va
21
40%
41%
42>A
43
42%
43%
41%
43
' *12A
12%
..•41%
12%
77
•
65
78%
67%
30
107%
36
;
-
36
198%
170
.
25%
*33%
.11%
84%
J
31
102%
27%
;
-
.
18%
84%
34%«
24 '
*58
11%
r24%
32
103%
.
*196
•
23%
46%
27 y4
27%
19%
14%
31%
14%
14%
14% :
31%
31%
59%
32
59%
32
•
'.
'
•
32%-
61
*60
62Va*
*59
*106
107%"
*106
107%
61
108%
39
39
*38%
39
35%
27
,
*57 Va
,109
109
•
'
32%
27%
26 Va
67%
67%
69
67
34%
555A
34
54
34%
54%
54
'
•
*50%
270
*i22
34%
15%
•V'^33%. .114%
33%
*112%
57.%
*18%
19
*111
.
;
31%'
52
35
16%
112%
•?«9
112%
19
35%
114%
33%
'M%
15%
*113
15%
114%
113%
54%
17%
57%
*56%
57%
*56%
57%
19%
18%
19%
22%
33%
mi8~Mi8%
17%
17%
117%
*30%
38%
*169
117%
31%
39'/a
171
19%
19
-
*110
21%
22%
33
33%
*117
118%
,
/
J
,
317,
111V4.
31'/a
.
35
;
1,100
.
V
53%
33,000
20
.3,000
-
.
300
18Va
3,000
57%
—
19%
2.600
32%
.32%
is
*56%
19 V*
North American Aviation—
' Northwestern Telegraph—
50
Norwalk Tire & Rubber—No par
'
Preferred —...
—
50
Norwich Pharmacal Co,—,—
2.50
Ohio Edison
: 112
,
$ per share
41 Va Nov
199:
170
W
-V
25
57
Jan 2
Jan -3
Jan J3
Jan 2
Jan 21
Feb
Jan
1
7
xl07% Jan 14
.
?
May/>//<12% Mat
Jan
' 76
Dec
Jan
' >54% Nov
»
-Jan
,
f
.
69% Jan
35% Jan
59 «Jan
134T Jatt
36y» Jan
• ••••
s
-J
16% Jan
25
:
,
.
18
16
,
Nov
14%
85%
36
j 24%
Nov
Nov
Dec
—.
, —
Dec
. 33% Mar
107% Dec
29% Dec
,
.14% Nov
28% Dec
61% Dec
10814 Mar
37
Dec
109
Nov
110
Nov
.
47% Dec
38Mi Dec
27% Deo
Nov
Nov
Oct
110
28% Jan
Jun
Nov
29
65
410
103% Jan
Dec
Jan
Mar
Mar
102% Sep
4
Dec
Nov
58%
35%
75%
1*8
39%
45
Mar
21% Jan
32 »Jan
17
41
162
Dec
35 v Dec
59
Dec
65/; Apr
22% Aug :/•//
18 .15Jan .
29
26% July V
2
102"A Nov
8
10% Jan
28
—.,
29 :
10% Jan
30 , "15%Mar
;14
30
Jan ;
29
103
Feb
17 ; 35 ; Dec
8
106
Oct
30
105% Jan
17
32
Aug
9
18% Jan
29
xl6% Aug
17
29
10
Dec
Jun
',•/
.
21 ■■}.< Jan
33 W Jan
7% Jan
•
110% Jan
i.v
1
11 ;
24
1 j:
2 ;f£;
25
Jan 15
Jan 17
28
62
>26Va
108
37%
199%
167 »
xioi'/a Aug
;•.it':>■ -iVV
—
__
37
13
Mar ffe/ 32% Dec
Jan
' 19% Dec
Jan
38
Nov
July
•
40% Dec
Jan 29
24
Jan
Jan ' 2 >177 • Sep
Jan 19
1521. Sep
38
Jan 12
Jan
8
.
>
108% Jan 24
3
k
.38%
171
*33%
life
Co 4.40%
pfd—
19% Jan
48% Jan
246
Jan
121
Jan
29% Jan
13V* Jan
' 111
Jan
.
Feb 1
Jan 19
Jan 28
Jan 8
; 35% Jari' 29
. 3 .16% Jan 28
3
112'A Jan 25
21
36
Jan 11
2
9
3
11
2
33 Va Jan
112% Jan 28
49Va Jan 21
53% Jan 19
13% Jan 7
-
118%
*117
•
1
173 "v-17%
..117%
118%
*30%
.;
31V2
31 %
i
39'/,
39
?
.
*171%
172%
34 Va
.
Oct
Dec
Jun
18VaJan
3
19% Jan
9
111% Jan 15
21
7
Elevator
:m 6 %
preferred—---—iii-.
34%
Outlet
88%
92
>87%
Outboard Marine ds.Mfg^,
92
*33%
Owens-Illinois
Co———A
Glass
115% Jan 22
112
Co
57
15
Jan 19
xll9% Jan 14
106%
17% Jan
18
2
118% Feb
1
Jan
21
32 % Jan "19
39% Feb
1
35% Jan-
2
166
Jan
2
173,
Jan 23
28
Jan
2
34
Jan 25
30
,7:
Oct
23%
34% Dec
7
Jan
i
16Va Aug
24%
Jan
Jan
112
Jan
9
Jan
75
21% Dec
15
115
91
107%
Nov
Dec
57% Nov
Mar
Jan
23
28
preferred A—.
Oppenheim Collins
116% Mar
63% Dec
" 34% Jan
16
-
,
Mar
Oct
Nov
Nov
Dec
15% Dec
112
Dec
38% Dec
12% Jan
23
(The)
9% Jan
105% Jan
17% Jan
110
July
26%' Mar
46
Apr
6% Jan
50
Jan
Otis
39%
173
3
37% Jan
219
Jan
118
Aug
19% Jan
9
21
conv
Jan
56% Jan 11
55% Jan 3
18'/» Jan 30
.
57Vi Jan
31% Jan
8%
114
24 Vb
503A
258%
126%
31%
14% Aug
3"
Oliver Corpus.
——Z
?4%% convertible preferred.
Omnibus Corp
27
53
274%
122%
56% Jah
Ohio Oil Co———i
f jii8%
16% ,17
117%
—1
Northern Central Ry Co—**——50
Northern Pacifio Ry
—
100
Northern States Pow $5 pfd-No par
Northwest Airlines ———Wo par
30
c
19
:
.
23,600
•
50%
^4%
30
36,500
15%
50
54 Va
84
•
15%:
.21%
21%
.-2254' w32%
*30
38% ? 391-..';;
*169% 171
*33%
113%
*ili»
17%. 17%
*30
;;:;:-9i3t
,
18
,;>18 Va
*56%
57'/a
*110% 112
112
Jan
847/a Jan-14
67% Jan 29
; 30
Jan 28
.
2
-..v r\'- " ~
57%
32%
50%
123
35%
N Y Shipbldg Corp part stk——.1
Noblitt-Sparks Industries———^9
Norfolk & Western Ry———100
Adjust 1% non-cum pfd
100
North American Co——....10
100
...
*112'A 114
34%
35
*113
114%
51%
.
52
274
121% 121%
33 Va
33%
..
35
50
33%
490
29,400
27
*50%
-
15%
34%
54%
18%
*110%
....
109%
270
:
33%
35%
52%
& 215/a
124
114
52
54%
18
21%
2,600
200
109%
•
N Y Chic & St. Louis Cq.
100
6% preferred 8erifes A——*100
NY City Omnibus Corp—No par
New York Dock
No par
$5 non-cum preferred*No par
KY4 Harlem RR Co
*-50
N Y Power & Light 3.90% pfd—100
3,000
.
62
109%
*112%
19
-
245
274
*121%
52%
55
17%
:
1,700
62
;
271
.
V112% 114
35%
68.500
L
,
*305
.
54
124
15%
35%
' •
200
26%
33%
16%
35 '
;
*108V2
345
,,,.
■> •
Jan
Jan 29
12V« Jan 22 ;
5j
Jan"1 2,
Jan 3
12%
13 •
24%
20%
11%
35%
%
J
51%
55
17%
55
17%
35Va
112%
•
\
New York Air Brake—.—No par
New Yorlf Central—par
2,200
34%
25
62
*280
270% 272
15%
*113
*59
-
3,700
,
15,500
j
25
25%
*50%
*121%
,112%
53
116%
84
44
.34%
•
35%
55
*56%
':h<
24%
54
122
132
■-
3,300
"
53%
131
,132
,
36%
36%
27 Va
110
110
t' '
271
122
*112% 114
34%
yj
25%
33%,
53%
36%
62
;
.
66'
33%
*36
345
270
1 73
*33
*51%
*130
>
65%
67%
54
*24'/a
*60
\x
-
27
*290
124
17% : 17%
*116% 117%
31
V - 31%
37%
37%
*170
24%
■54
36%
62
109% 110
'
33%
•
132
36
*24%
345
274%
32
116%
*290
24
112 &
21
;
*58%
62
345
52%
:
itu :^4
JJK 17%
-
27
67%
67%
34%
130
36
27
15%
,
134
35%
27Va
34%
157a
H3%
132
35%
108 Mr1108%
"+ 22%
52
*112%
!
<
Js,r
£69
J£V*
133
35%
124
A
27%
34%.
27
'54"--
100
33%
33
'*57 Va
"■
*50%
33%
26%
48
34%
*25
48%
33%
27%
47%
28%
.■
.
2
Jan
.
48%
3?%
*
■
7
11% Jan
69%
48 .<
24Va
106%
32%
195%
165
,
110
48
27%
33%
*
30
600
*110% 111%
48-
28
47Va
300
■
48
34%
*290
22
269
*108
•110% 111%.
47%
133 ^
>
.
r
'
110
,«
b,2uo ;
-
7,900
39
*108
*
5.4Q0
-
107% C
*106
39
67
335
S
110
*108
1,500
19%
-
39
33%
54%-
*
60
*290
110
27%
19
39
39
34
53%
27
'
60Ya
107% 108
60
."
32%
.-
840
19
.
-
2,800
14%?
26%
33Va
13,500
...
31%
102%
19%.
46%
"
66% ,66%
;
t
31%
•'
37% Jan
,
,.
Jan 14 ;;
Jan 16 •/•
Jan 28
..
?:■£%. l',200
101%
r
27%';'
*108
26 Va
34
; 131
24
23%
102 %
19 JA
*110% lllVa"'" w'' 111% 111% -
35%
•
27%
*108'
*25
33%
11%
••
30%
21%
43
43%
;:>.}V:>-Hijfhesl. -
$ per share
45% Jan 29
. 31%
Apr
.NationaLLinen Service Corp.-——1: V 22% Jan 21 ;
25% Jan
Nat Mall & St'l Cast Co—._No par
30% Jan
3
40 ; Feb
National Oil Products Co
,—4
54 Va Jan 4
68
Jan
National Power & Lt
No par
10% Jan
3
12% Jan
National Steel Corp
25
81
Jan 4 ^ 87,/ Feb
National Sugar Ref Co——No par
31% Jan 5.
34% Jan
National Supply (The) Pft———10
20% Jan 3
25- Jan
^ $2 conv preferred
————40
29% Jan 3
32
Jan
4%% preferred
100
101% Jan 24
106
Jan
National Tea Co
——
—10
2614 Jan 19
28% Jan
Nat. Vulcanized. Fibre Co_T
—1 ; Vl8% Jan.,25 ■ 20 Jan
Natomas Oo^-Wo: po>:
13% Jan 21. , 14% Jan
Nehi Corp——pat \
26% Jan : 3;
32% Jan
Neisner Bros Xnc^—v
5.7% Jan 7.
64
Jan
'4%% conv serial preferred—«.100.
107
Jan
7
108 . *Jan
Newberry Co (J J) New——No par ,
32
Jan c 4
40% Jan
3%% preferred—
:
—100
108
Jan 10
109% Jan
New Jersey Pr & Lt Co 4* pfd.100 . 110% Jan 17.
111% Jan
Newmont Mining Corp ,,... —*-.....10
43
Jan 4
48% Jan
Newport Industries——
.—..I
32% Jan 21
36% Jan
Newport News Ship & Dry Dock-««l
24% Jan 4
28% Jan
59*
14%
32%
109%
<130
33%
)/:
.
23%
'
14%
111%
V:
31%
20
.
3,000
t:
10,900
'1,700
11% ir : * 58^000
87^'-4 600
58
23%
31%
101%
240
<■
V;-:-
20
*108
.,
33%
J
■'
'
-40
38
11%
,
11,000
'
14%
32:
' *110%
53
23%
86 %
33%
1,400 t 1
15,600
220
86%
24'
38% ;
86'
-
197%
"170
•
."H*
19%
111%;
:•, 33
••
37%
-
"
27%^ 27%
109%
,
169
'•
11%
*110%
26 Va
;
/ 9,500
29
14%
39
^6%
170
*196%
397%
*167
23%
Year 194&
t per phare
27% Jan 7
:17%.;Jaiv .-4-. '•
34% Jan 2
,
National Dept Stores——No par
'6% >preferred-:————-10
Nat Distillers Products——Wo par
Nat Enam & StamDing—
No pat
National Gypsum Co———1
$4.50 conv preferred^,
.No pat
National Lead Co———-i———-10
^ < 1% preferred. A-—.—.^———100
6% preferred B-.-—10Q
.
,
108 •;;
37%
37%
37%
>
66
28%
-•
86
86%
33%
33%;
1 23%
24%v
31%
31%
102% 103 %"
"
65%
.
7,000
12%
*107%
37%
3,600
'14.300
78% J
77-
65%
;
4,600
43
20
60
/;
39
*33%
M;>12tt
76%
t
,
>
12%
•
'
28%
29%
1077/a .107%
-
*108
...
20%
41%
28%
31%
111.
*38%
102%
20%
41%
427/a
*62
38%"
61%
11%^
61
12Va
86%
34%
20%
41%
42%
76
24'A"
24
36%
'
V
20%
40 Va
42%
19%
59Va
*110%
-
i
14 Va
31%
31%
'
63%
11%
86
34%
23%;
31%
44
28
27%.
19
14%
>
'
86%
34%
24%
31%
31%
101% 103
102%
27%
J4
-
V
23%
30%
:
-'
:
24
'
35%
63%
24
34%
"
'
62%
12%
44
27%
.
170
*169
24
35'
34%
12
...
84%
34
93%
-
-
62
12
-
34
37%
44
38:
Range for Previous ~7;J
.'"Yf:'a
$< per share
37% Jan \,
1
Par< v
Nat Cash Register———No pal V
National Container
1
National Cylinder G*s Co————vl;.<./
Nat Dairy Products-..-No par
'
4,600
43
*12-A
"■<
/;•; '-Lowest
Shares
'27%
•
28%
29%
107% 108
37%
37%
197% 198
'
*169
170 w
30
107
107
37%
38
" 196
197
170
' 23%
34%
62
78%'
67%
66%
$ per share
share
..
29%
198
-
*169
*60
•
198
"
'
108%
36%
*197
*169
24%
"*12^r
76%
80
66
29%
108%
*108
;
«
28%
28%
-
"
77%
*63%
-
28
.
.42
;.:*12A
■/
,
f per
'
//Range Since January 1
for//;^V'/'NEWYORK- •STOCK^.'S-1^
week
Jan. 81
45
28
29
20% 21%
41% 42 Va
42% 42%
*1212%'
76% 77%
66
66%:
'44%
45%
29%
21%
42 Vs
43%
12%
Sales
Tbnriday
t per share
$ per share
share
-
•'
:-.V;
STOCKS
HIGK BAFK FRIOli
Tuesday -".r "" 'Wednesday
Jan. 29
Jan. 80
LOW AND
•
■
RECORD
YORK STOCK
NEW
Jan
119
Dec
Nov
13%
23 Va
Jan
18%
Dec
Jan
11 %
107
155
Jan
Xll8%
Dec
34% Nov
Jun
36%
Jan
168
Dec
Dec
;
Jan
22 Va
Jan
32% Nov
Dec
92
Jan
5
74
Jan
95
89
Jan 30
58
Jan
79%
Dec
X39%
Nov
44%
-
62%
62 y2
75
75
*150%: ,151%
*175%
>
177
9% i-
*27%
9%
' 28%
•HVa ! 11%
>25%
25%
*18%
19%
46%
47
*109
46%
113
12%
,
80%
*109
.'80%
*108
64
12%
11%
46%
46
*109%
112%
12%
12%
12%
80
,
6%
38
65
31
111
14%
-
57% Dec
;73«A Dec
5Va Dec
,
7
38
Oct
Dec
X80Va Dec
110
July
69%
64%
67/a
38%
30%
112
67
.67
65/8 ;
81
*109
111
' / 65%
*65%
46%
112%
397/a
30%
17 y8
17%
24 Va
24%
Nov
30
38%
%,
30%
Dec
17%. Dec
24% Mar
49%
Dec
173/a
Jun
33%
Dec
30 Va
\
Dec
113
26%
46%
''
46
*46
93%
-
48
48
33
*93
38
*106%
12
■
38%
94%
108
13 :
12
15%
15%
40%.
41%
40%
39%
40 »A
40%
76%
113%
30%
119.
31
120%
76%
112%
.
30%
30y4
120
17%
footnotes
18
17%
44%
For
Jun
41%
38
30%
Jun
Nov
116%
110
75%
Nov
433a
15%
30
Nov
119%
117%
113%
Dec
96% Nov
43%
39
•116;
Nov
46
47
93%
32%
Nov
49
46
Dec
46 V2
46%
38%.
Apr
24%
26%
44%
43%
Dec
Mar
Dec
Volume
Number
163
THE COMMERCIAL & FINANCIAL CHRONICLE
4461
YORK
NEW
LOW AND
•j$
Saturday
Jan.26
55
YV
V
127 Va
54%
55%
38%
'34%"-
108 %
•107 %
•125
'1
135
14%
,104
104
24%
*170
34%
58%
1
56 V*
the Week
' Shares
114,200'
58%
11'
^
*30
.32%
*123
103,100
;
53%
*37
39
^
34%
24%
V
900
;
132
.
'
10
54
8,000
39
100
34%
108%
*34%
"107%
108%
•103
103
*125
135
*125
135
14% • 15 ;
*102 % 104 -
25%
RECORD
Sales for
//,
33
'37
..
-
104 %-
.25%
25%
•
J per share
135
"107%
*125
14%'''
104%
.
.
34%
-
108%.;
135
14%
55%
Friday-;
// Feb. 1
108%
58%
*107%
-
v'l-
/
Jan. 81
$ per share
*124
130
54%
55
127%
*125
14
Thursday
-
,
108%
»<"31,/a
55%
34%
Jan, 30
J per share
33
*32
'
■
39
•37%
*33%: :;.348/s:
-
130
.
/
'
share
•
33
55
55%
39
per
STOCK
PRICES
60
65
58
63%
>'»
^ %1 -i^ ^*''
Z*10j% 110%
' /108
109%
71
A- f
•125
125
*37%
r
•31%
32'/a
*123
•V
t1
$
^09 /110%
.110%
*30%
Jan. 29
pet1 share
■69%
A
A
*•■'r
BALK
/:/./ **ttesday;:'ZZ;.p Wednesday-.
Jan.28
J
'70/
,70
*101
Monday
:
„
t per share
HIGH
25%
v
'14%'
*102 %
14%'
104
24
,
34
24%
14 V,
40
14%8,700
102% 102%
2 J 74
12,000
24
■■
■
-
70
17,800
>
.27%
28
*27.
28%
23%
29
33
23%
30%
29%
23%
23%
*32%
24%
34
*32%
*32%
24%
29%
30%
24
30
24%
23%
23%
34
33%
34
24%
24%
24%
25
27
27 %
27%
28%
28
28%
28
28%
61
61
61%
61%
61%
62
62
62
68%
69
69
70
69
70
67%
68%
26%
29%
:
24%
25%
26%
26%
28%
29%
28%
28%
113%
114%
113
113%
114%
114%
114%
112%
113%
123
123%
123% 124
123
124
123%
124
122%
123%
134%
28%:-29%
114
133%
134%
135%
135
135%
134%
148%
148%
146
148%
146%
147%
148
148%
147%
147%
*114%
115 %
*114%
115%
114%
115%
114%
115
115
115
65%
67
66
66
i
66%
66
66%
67
67
22%
21%
22%
*109%
112%
112
112%
113
33%
33%
34
34 V,
34
22%
•
23%
•
-
22%
113
135*
22%
23
109
34%
35
132%
'
66%
22%
109
110
35%
135
22%
110
35%
38
1,100
18
91
18%
18%
Radio finrp n«
Sl%
Z 18%
90%
91%
V
19%
110%
20%
110%
19%. "20%
110% 111
44%
45%
45%/45%
26
26%
38
26%
28
37%
38
37%,
32%
*26%
45%
*112-112%
Rels
124%
(Robt)
1st pfd__
& Co
37
Remington-Rand
103%
Preferred
31%
Reo
17%
36%
36%
113%
113%
25%
24%
25%
38
108%
108%
42%
130
42%
42 %
129%
132
25 Z
41%
41%
42
46
106%
105%
114 y2
24%
25%
42%
42%
*130% 134
25
253/4
41%
41
47
105%
*112%
25%
*108% 109
108%. 110
25%
38%
112%
38 %
25
43
131%
37%
112%
30% Jan
60
*453/4
106
106
*108%
/ 41
128-%
253/4
25 V*
41%
39%
463/4
*45%
106
109
110
42 .?
130
24%
;
25%
40%
*41
109
v
130
25 %
39%
*45%
47
25%
41%
130
'
Reynolds Spring..
Reynolds (R J) Tob class B
106
40%
3
11
31% Jan
7
113% Jan
2
20% Jan
3
37% Jan
2
44% Jan
2
104% Jan
2
1
23% Jan
3
Oil Corp
.—No par
Company
No par
Antelope Copper Mines.——
15% Jan
24
27% Jan
3
10% Jan
3
Roan
?■
Mfg
Royal
»
'
'
Co—
63%
63%
27 ;/•<
114
;
18
63
26%
Z 26%:
119
*113%
17
119
119%
114
54
112
110
53%
*113
•107 %
122
56%
*107'/a
53%
•
"
60%
62%
26%
/
113
17%
110
26%
*113
17
119%
60%
26%
*113
17%
26%
114
61
17%
114%
116%
56
107
57 v
108
110
*106
56%
•106
k
Jacob-—
60%
27
114
108
55%
.108
113
,
18
117
•
59%
27 -Z
113
Co
Ruppert,
110
4.
•116
17%
118%
55
56
107
108
*106
110
Jan
28% Jan
2
3
10
5
100
—5
—2.50
No par
Stores
preferred...
Savage Arms Corp
Schenley Distillers Corp
;
44
No pa*
5
(The)
Joseph Lead
Safeway
.
;v26% Jan 21
....—1
Typewriter——.
Ruberoid
60%
series:.
3.60%
.,V>'Vw '
Rheem
28%
24
4
107% Jan
100
Preferred
106
:
113% 113%16%
17
24
2
21% Jan
10
15
Jan
63% Jan
29% Jan
110% Jan
10
Common
46%
11
18
Ritter
105%
Jan
31% Jan
Richfield
105%
1
10
103
6%% conv preferred—100I
.1
-
,
25%
12
Feb
37% Jan
Republic Steel Corp—..—-.No par
6% conv prior pfd ser A—..—100
Revere Copper & Brass
No par
6% ^preferred.—.--^100
Reynolds Metals Co
No par
39%
*112% 114%
30
17
125% Jan
Republic Aviation Corp-—^—.—.1
Motors.
9
14
112 V4 Jan
25
warrants
18
28% Jan
1
with
Jan
46% Jan
Co-A„_—..,.....-ld
30%
112%
;;
52
100
Reliance. Mfg
17%
25
33% Jan 30
Reliable Stores Corp—No par
50%
36%
25
Jan
——25
30
35%
37
—
50
112%
Jan
pfd—100
29%
•
15%
Raybestos Manhattan—____No par
Rayonler Inc_
-1
'
*102
30
1
Ralston Purina Co 3%%
Reading Company..
50
a
4% non-cum 1st preferred
50
4% non-cum 2nd preferred
50
Real Silk Hosiery
5
Preferred
._;_U-L_....100
27%
123
22% Jan
No par
A
>um
21% Jan 10
y, ttn par
-iT
$3.50 conv 1st preferred
Wadtn-Ketth-Orp'
—
50%
,■
a may
1$
,$2 preferred:
33%
50%
*44
Quaker State Oil Ret Oorp
5%
Bcott Paper Co
27% Jan
|H$4 preferred—-—No par
•19% July
Jan
12
18
Jan
28
110% July
8% Mar
1263/4 Jan
11
59 %
41% Aug
Jap/3'
x42%
Feb
114
Jan 24
109%
Nov
110
No par
$4.'50 preferred
15
114
Jan
108 % May
11
^
'
36%
74
36%
74%
74%
28%
28%
283A
29%
153/4
41%
15%
15%
42 3/4
21%
.15%
36%
*73%
.
42 y«
21%
20%
34%;
34%
*77%
r
80%
22%
22%
22%
80
•74
80%
23%
*74
-
3
28% Jan
26
76
Jan- 30
32% Jan 10
14%
8
123/4 Jan
8
15
.
<
.45%
22%
; 22
Seaboard Air
Line ctfs
Sears
i..Wo par
w
preferred series A ;iv ii-*-109
8eagrave Corp
113
3/4
5%
Roebuck
i
No par
Co.—
&
Servel Inc common.——I
$4.50 preferred
—-——.—No par
Shamrock Oil & Gas———~1
Bharon Steel Corp
No par
$5 conv preferred
No par
\i
.
Shattuck
,
17
9
13%
133/4
13%
14
35%
48%
49
-
49%
A.
441/4
45
..
'
.
19%
56
22 %
56'%
23 %
23y»
23%
'
19%
V 55
55
21%. 21%
;
*23%
23%
•85%
87%
87%
•36%
37
37
16%
16%
-7%-'
16%
.
343/4
v-
.'./
35
58
,
'
7%
57%
-
7%
3839
.25
25%
63%
25
61%
;
62
1
••;••.
For footnotes
see
/
7%
:
35 ..:/
59
■
189 /
•178
8kelly Oil Co_
Z
17 »/4
a
180
39%
$1.20
Smith
&
Iron
Corona
74
May
13%. Jan
5% Mar
32 3%
Jan
30'/a
Feb
14% Aug
;
41% Jan
15
Aug
22%
Jun
.48% Jan
Typewriter-No par
29% July
13% Jan
8ocony Vacuum Oil Co Inc
South Am Gold & Platinum
13
1
Southeastern Greyhound Lines
5
South Porto Rico Sugar
No par
8%
Jan
12 Va Mar
10
100
preferred—
Edison
California
26
Southern
Natural Gas Co
64 %
Southern Pacific Co
671
20
No par
preferred.;
&
Jan
i; 78
par
13
Steel
Southern
page
No
Corp
Smith (A O) Corp.
37%
■
Slmonds Saw St Steel
Sinclair Oil
Sep
16%
;
No par
—No par
Simmons Co
81oss-Sheffteld
.
88
.
7% /
34%
58%
?178
'-39%
.
v/,
19%
Oct
17 V2 Mar
107%: Oct;
Silver King Coalition Mines—^—5
44%
Oct
Mar
Aug
Shell Union Oil
19%
.
29
243/a Jan
-
July
32%
'
>-
45 Va Jan
113 % Jan
7
24
31%
47%
:
2
3
25
59
31%
*43
,
Jan
15% Jan
Nov
65%
22% Aug;
-
-.13
31 ya
/
36
20% Jan 23
111 % Jan
/
29
v
No par
No par
(Frank G)
(W A) Pen Co.:
Sheaffer
67
No par
No par
Sharpe & Dohme
$3.50 conv pref ser A
/.
80
37% Jan 16
Jan
Seaboard Oil Co of Del—.—No pur
*111 %
27%
36%
82
•
4
;
29%
44%
22 Va
35%
33% Jan
75%
29%
i"
*102
103
'
26 y*
27%
102
37%.
74%
t
.
44%
27
*101
.36%
/A
113,
26%
26%
26%
•
113
113
*111%
26
»
373i
25
7.50
No par
4% Aug
20%
Aug
40 ya
Apr
155
Apr
26'%
Jan
17
Jan
38 Va
Jan
Monday, February 4, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK/STOCK
Jan.
LOW Aim HIGH
Tuesday
'■:< Wend a*
Saturday
Jan. 28
26; £
$ per share
|
,
58%-. 53%
-
87
94
' 24
:
% : 25% ;
38%
.
24%
82
25
98%
70
.
*112
46%
114 %
41
¥';
65 %
23%
*107%
68 >/4
2,500
69
39 %
;
3,e0j
39%
113
113".;
% 48%
.
260
491%
Dec
1151/8
115%
Aug
Nov
33%
41%;/ 42%
127%
121.
Dec
137
137
134%
Dec
497/#
Dec
46% /. 46%
% 411/2
42%
44%
Dec
68
67%
68%
68%
Nov
23%
23%
27
Oct
*107%
108%
108
Nov
IO81/2
108%
¥ 22%
23%
48%
45 3 8
45
107
471/4
471%
*47
>
45%
'
23%
Dec
45
/
Oct
Nov
25% Dec
28% Dec
24%
30%-
Dec
106
:45109
>107. *
24%
28%
,24%
28%
47 s
48%
44%
,
107
20%
23 V4
23
33
29
21%
22
22
22 %
221/4
22%
22
Oct
22%
22%
21%
22%
33%
21%
22%
24
Nov
32%
33 Va
33.% Dec
32% ~
;
18%
17%
*105
17%
18%
*105
108
17%
9
.
22
9
34
34
.?
35
■
■
109
73% NOV
124
*123
124%
91/8
.
127% Mar
9'/g
Dec
8%
22%
:
,
9%
21%
21%
25%
Dec
33%
9
21%
34%
33
Dec
137
Dec
130
130
131
131
134
>123
22%
21%
22%
34%
'
*130
134
43%
*123
124%
9Va
*123
18% Dec
Dec
18
68
67%
68 Va
68
108
'•'105
108
'
68%
124%
9%
68
9
21%
33%
*130
1,270
98
28%
124%
33%
*68
33%
400
7,500
.
23%
44%
69
21%
68 %
■?
24%
66%
41%
i
48%
17%
8%
-97%.'
•
80
127%
*107
,109
24%
24%
*107% 108
*123
97%
112% /
20
11,000
23%
42%
32%
-
97%
46%
42%
23%
21%
*65
24%
139%
23%
28%
17%
80
24%
:129
138%
& 46 %
107%
,22 Vi
31%
:>
80
■
300
"
2.000
■
39
23%
39-%
23,400
45
*1131/2
22%
23%'. 23%
21%
.45
48
23%
109
22
95
38%
67 %
6.500
,
19%
95
*18%
;
39%
112
107%
48'
28 Ye
140%
47 '/a
42%
45
*107
-
67%
21%
21%
♦44%
.
46%
13%
38
*78%
610
24%
44%
;42 ';-
.129
130
130
.
46%
41 VB
65 %
23%
108%
*47%
19%
115-
40 V2
44%
140
140
45%'
19 %
.
1,200
' : 95
,
44%
■
42 Va
>130
A
13%
95
9 600
87
24
,
Shares
59
'
13%
' 24%
43
*112%
115
94
-
24%
*93
113
47%
96
58%
:81i
13%
13%
113
47%
*112%
431/4
42%
70%
" 40
3 47%
46%
140
99
*113-114
113%
129
25
40
-
,
.
82%
70%
71.,
: 40
'
*112%
J/2 114
113%
-
39
39%
40
-
24%
98%
v
24%"
13%
,
I per share
58%
87
*95.
the Week
Feb. 1
share
87
*18%
19%
*93
98
44%
44 '4
39
40%
81
81
24%: 24%
97%
98 V4
68 Va
69
39%
40%
19'/a
95
44%
38%
-
,
13%
*81
98%
82
25%
:* "
19%
44%
39%
44%
25
95
44%
: i»->4
*19
95
13 Vst
*93 s'" 95',,«
■v'
*38%
■
-13%
13%
r 88
86%
95
i
$ per
57%
59%
88
96
25 V*
56%
87%
*95
Sales for
wrtda?
Thursday
V.Jan. 31;;:^
t per share
59%
59%
60%
94
SALE PRICES
Wednesday
Jan. 30
I per share
share
per
59%
86 Va
<;
Jan. 39
3;
RECuRD
Dec
40
48
39%
*50
40
24%
Dec
57
57
62
Dec
39
'. 40
X40%
40%
39%
Nov
35%
43%
46%
*54
'
-
34%
38% May
43%' Nov
46%
46%
39%
40
34
36%
16%
19%
l097/s
58%
io V.
10%
51%
51%
18%
..
4
*61 %
*16%
v
.
i
49%i
*18
(
13%
18%
*64%
12%
i
109%
.49%
•
I
■
51%
51%
27%
21%
27,
52 ,
27%
19%
20%
21%
Texas Pacific Land Trust
50%
Texas & Pacific Ft? Co
'
50
:
"28%
62%
16 Va
*103%
*
16 V»
66%,
,
4 65% '
*110
'iV\AjV"'/V :
6i
,
64%
*301/4
16 y2
*
113
.
66 Ya
Tide Water Associated Oil—. —10
$3.75 preferred
—__,.J.No par
Tltnkeo Detroit Axle——————10
Tlmkert Roller Bearing—...No pdf
¥
4
65
65%
20%
20%
20%
63%
64%
63.1% ' 64%
4 29%
30%
30%
31
30
30%
30%
12%
I
'11%
12%
12Va
12%
11%
12 Va
11%
*111%
112%
*111%
16%
42%
17%
*107%
49%
31
12%
111% 111%
16%
167/8
42
42%
31
31
11%
11%
^i/*Ui%7:iU%;;
151/2
41%
*161/4
i
/;
!
411/2
i *i07i/2M08y2
*107%
112
50%
*107%
50%
48%
60
601/2
4 61%
62 V4
61%
62 V*
1061/2
105%
105%
105%
1051/4
!.
t
;
.
*57 Va
58
58
58%
\25%
26%
.57%
57%
*23%'
23%
25%
23%
1161/2
114%
114%
25%
*115%
116Y2
*U4Ve
115%
*115%
25'/a
25%
25 Ve
154%
155%
157 %
114
113
*113
.
12.300
3,400
42
411/4
35%
36%
117'/a
51%
52%
♦40
13%
251%
6%
7
174
35%
*1161/2
50
.
7 Ye
.
30%
30%
15%
84%'
15%
15%
83%'
83 %
84
19%
55
V
117
20
v
26%
*110
110%
♦12
12'/2
28%
*107
29
107 Va
25
*24
For
footnotes
27
26s,a
53
52
'52%
110
110
*110
110%
121/4
12%
12%
27"
13%
30
30 »/2
30
30%
107
107%
107
107%
24%
see
24%
page
671
25
26
27
26%
27%
53'/4
52
53%
110
12%.
29%
107
251/2
110
110
110
82
Dec
19
36
Dec
13 Ys
13%
llYa Jan >2
13
Dec
V
■v
.
6%
5iya
31
,
.
Nov
5
3
50%
7
29%
Dec
1°
Vn Jan
9
14%
Jun
73 W Jan
7
88 Y2
Jun
17%
Dec
15%
*■:
84
•
/,
16% Jan 33
*53% V 54%
114
25% Nov
25% Jan
114
481/2 Jan
3
110% Jan
>
7
■'
521/2
Nov
Dec
120
Oct
Nov
26%
27%
231/4 Jan
3
53%
;
25
57%
48Y2 Jan
3
52
Dec
Jan
4
112
/ Nov
11% Jan
4
*109%
110
*12 y2
13
30%
29%
-
30
26%
Jan 12
.3
471/2'Jan
29%
25%
,
4% Jan
31%
12%
25%
V1
52 .;
;
15
*83
J?A
257/b
' 6%
29%
107
Jan
25
12%
*106
114
23
781/4 Jan
33'4 Jan
12%
107
Dec
110% Jan
1974
26%
40
35%
,:/• 55%
52%
Dec
Dec
85
15://
841/4
55
40%
Dec
62%
.2001%
35%
/
5/114% 116%
-
52
15
19%
/
55%'
1171/2
Jan 31
34% Jan
3
163
113
25 V8
6Vb
5iy2
31
'*83%
49%
38% Dec
120
84%
26
30%
'V-
33% Jan
3
Jjin
3
48% Jan 31
:
113
170
39%
351/2
13%
6%
3,100
*109V4
85 1. '•
X50%
161/4
20
39%
113
26
25%
55%
49%
*35
:
¥
118
v
36%
118
*162
12 Vb
35%
31
19
35%
49%
900
40%
:
117
163
39%
26
39%
83
53
*54
48 i/s
*1091/4
32%
52
117%
40%
163
30%
-
25%
35%
35%
*116% .118
:
84
117%
36%
118
123
14
26 Ya
39%
¥ 40%
151/4
116%
42%
172
82%
19
.
51%
*165
15%
56
—
115
25 y2
18%
115
115
116%
•
3
U4
,
115
13'
53
115
114
*104%"
114
*35
V;
115
3
21% Jan
i-*——J
26!/b
114
35
53
115
50 'Jan,
108%
113%
81%
30%
115
*114
25%
107
*104%
pfd
147
-—100
»——50
3
73%
73
74%
25%
108%
115
*109%
52 %
74%
164%
81
30V4
Twin Coach.Co—
162%
174
6%
3
25%
162
113
25 y2
4
Jan
58^4
25%
34%
-.
141/a Jan
25
159%
81
13%
3
16
58%
26 ya
'
39%
49% Jan
25%
25%
4
105% Jan
Corp
Tv'n citv Ranifi Transit—No par
18 Va
180.
7
23
preferred—
--—..No par
prior pta—.No Par
Film
2nd preferred
5% conv prior
107%
—
$4.50
Jan
39% Jan
Pox
60
25%
5
18%
•162
.180
*58%
II41/2
I6i/a Jan
38 y# Jan
107
No par
Cen
$1.50
61%
63%
*104% 105»/4
18%
381/2
*162
:
61
105%
20th
1601/2
,
172
*109%
51%
25 Vb
41
37%
391/2
49%
49
159'%
52%
¥.172
:■
*113%
117/
52
1121/4
160
41
117
£6 preferred—i———No par
..No par
2
107%
116%
25% > 26%
40%
40%
*115
*1041/4
3
111% Jan
*107%
59%
25%
X114
;
91/a Jan
Truax-Traer Corp—-*.
109
II61/2
,
-■»■*&■
TubiceRayonCorp...—.-.1
*: 4%%
preferred
—:
100
74 V4
>
25%
5
Trl-Cohtlnental.
17%
58% : 58%
29%' 26%
IO8I/2
Transue & Williams St'l——No par
12 V2
158%
26
159
113%
36%
40%;
;
21
30%
Jan
41%
18 VB
114%
114%
*105 %
*105%
*1051/4
109%
Jan
17%
41%
*104%
180
74
26%
109
109 Va
107
106
*1151/2
26%
25 Ya
247/b
24%
105'/2
,
74-'
•74
74%
*73'
181/4
*167
*167
22
60
28
18
47%
*104% 105%
18%
170
172
169
180
18%
18%
18%
17%
17%
*163
19% Jan
5
41%
61
48Vb
*1051/2
■
v'
177/s
491/4
60V2
'
•'
41
108 i/s
48
!
;/
Tra nsamer 1 ca Corp-i^.;——
Transcont'l & West Air Inc
-167% 107%
108%
49%
.
&)%
62
112
*111% 113
17%
42%
•
.
20
62
v
113
17%
411/4
42%
No par
...No par
—_
..
}
;
6%
•
64 %
'
Co..,...—^Na par
preferred
conv
1
'<*
$2Vs div conv preferred——.—50
Third A v en ue Tra n si t Cor p..No pat
Thompson <J R)
28
Thompson Products com—: No par
4 % preferred
—.100
Thorrtpson-Starrett Co—.No par
£3.50 cum preferred
N< par
50%
66%
20 Vb
65 Vb
20%
A'
10
100
;
preferred
100
Thermold Uo common———1
-
21%
*109% 110%
49%
50%
Oil—...
&
*'
The Pair
105
16%
20%
.66
£3.60
17%
*16%
*103%
J.6%
65%
*110
13%
Thatcher Mfg
29%
j 62v;
\ 49%
65%
50
64%
"110%
110
4
1
66%
21%
21%
21%
2lVa
50
49% !
Texas Pacific Coal
13%
18%
64%
X18%
66 Va
66Va
16y«
>113
13%
13%
110
16%
4' 19
19
68 %
21%
Texas Gulf .Sulphur—.
29«/V
16%
13%
€6
.50%
5C%
105
65
13%
19
i
*28%
62%
i *61
17J/a '
103% *103% V
13%"
110
64.
*62%
51%
26%
20
66%
l27/8
12%
213/b
109%
•
10 %
65%
-13%
18 V2
65
21
'
58
10 Vb
29
*16%
;
*112-113
113
62Vi
f
t.
;1.
V
'
4X61%'
,
65%
1*112
-
pfd_100
28
..1
..No pat
Texas Co
Texas Gulf. Producing-.,-.-!,.
57%
lfe%
.
105
66l/2
,
103%
58
10
15% 4 16%
65%
Tennessee -Corp—
Tennessee Gas & Trans 5%
57%
;
51%
29
,13%
telautograph .Corp. ——
'
19%
27%
27
'18%'
17% ' ,17%
63
.
108%
12 y2
.
9
Talcott Inc (James)
13%
13%
51%
51 y4
-28
51
*103V4
15%
15%
k\ ': 63 '
i. .13%
i
,
63%
17%
105
*103%
•
109%
10%
29%.-30%
63 V2
64%
29%
*108%
58%
*
29%
18%
109 y2
-
■W
12%
19%
10%
18%^ 19%
49.
12%
19%
57%
57%
,
13%
12
*108%
109 V2
27*A
.13%
12%
19%
19
16%
13%
13%
12%
12%
12
108
15%
13
*12%
40
108
108
16%
'
39 %
40%
40
108
*106
27%
¥
107
28%
109
13%
23
Jan
106% Jan
3
26%
2
107Ya
Jan
3
23
28
Dec
Dec
Nov
Nov
THk COMMERCIAL & FINANCIAL CHRONICLE
yolume 163 ' Number 4461
NEW YORK STOCK
LOW
Monday
Saturday
.Ian.
Jan.26
t per ehare
113
202
31%
*200
;
$ per share
113
114
112
202
*202
v
112
202
31%
32
32%
32%
31%
32%
70
70
70
*66%
70
56%
56%
57%
56%
13%
13%
13%
115
*202
.
57%
Z 13%
•
shari
113%
57%
31%
■
70
57
583/4
:
•
Range for Previous
Range Since January 1
.
'
Lowest
*
Par
t per share
$
——
,
1
41%
16%
41%
17%
11%
56
66%
66%
;
41%
,
43%
17 %
17%
11%
11%
11%
56.
56%
57%
66%
$5 13
13% ..13%
f. 43%. 44 ~
Z 17%
17%
<;
66%
.
113/4
,
13%
.
40 3/4
41%
17
17%
12%
12 '/e"
57%
58
70
13%
41%
57
*65%
*65
12
57%
13'%
58
*40
17
-
'
2,100
17
11%
12
2,400
573/4
47
48
47
',70
45%
48%
.
47%
46%
47%
68
46%
11
46%,
300
5,500
'
6%,
,
7
7
69%
70%
*180
182
,75%
*82%
•51
*51
51%
9%
10%
28%
.
*51
9%
94%
*
*51
•51%
93/s
125%
25%
11%
n%
11%
58
57%
102%
13,000
102%
'*120% 126
26
105
103%
192
*192
104
!
57'%
195
47
*195
48%
•--
45%
.
:>«
L
10-
__
;44%-'V 46%
-
9,200
6% Mar
12%
Dec
39
Dec
16%
Dec
Jan
30'A Mar
/ Jan
123/aJan
58
7%
11
9%
35
Jan
Jan
3
50 % Jan
10
27%
Jun
Jan
5
7 Va Jan
29
3
74% Jan
15
51V2
Jan
Jan
31
144%
Jan
Va Jan
87 Va Jan
29
95% Jan
30
58%
11
1351/2
-
Jan
3
183
8
80
Jan
Jan
22
3
21
160
t
Jan
15
14
23 Va
46
4
l4%Jan
5
20% Jan
23
No par
43A
117% Jan
7
98V2
16
22% Jan
"
8 % Jatt
par
49
188
32%
33%
33%
22%
34 Va
34
35
22%
22%
22 Va
22%
Van
55
51Va
53 V2
51%
52 V4
Van Raalte Co Inc-——
233A
23%
23%
23%
23%
23%
23%
23%
*110
"115
109
/
42
11%
95
89%
Z 120
3
31 i
Jan
1023/8 Jan
■:
12%
12%
99%
10%
11%
99
99
99%
120
121
*90
49%
•;
49%
49'A
Z *431/4
:
45
175
*172
175
81
*80%
i83A
175
14
*20%
14'/4
105%
>
813A
*81%
IS/A
19'A
19%
41%
42
42
109%
*108 V2
15%
14
14%
Va,
105%
112
112%
20%
14'A
14%
105 'A
35'A
36
353/0
36
46%
47
47
47%
*19y«
193/4
19 Va
19'A
19%
19%
It
*313/4
32%
31% "i 32
32
32
;'
*32
323/4
32%
32%
32 Va
33'A
46%
46%
46%
/
46%
.
.47
108%
109%
111
112:/
114V4
*20%
20%
16
35%
14%
16
13%
Walker
35% ; 35%
47
47
20
21'A,
32
; 32 ///
32%; 32'A
47
105%
O
Ward
-
35
*46
;
2C%
48
*46
21
20%
*33%
32%
31%
31%
46%
;
313/4
-32%
47%
46%
No
par
104
Dec
Jan
103
Dec
Jan
45%
jy* yn*
•_
Jan
Pictures—
Dec
55
v> Nov
43%
165
Nov
173
Dec
Sep
20
42
Nov
-Dec;
.
Dec
110%
Sep
110
/.Sep
Dec
20Va
Feb
/"' 14% Dec
16%
Oct
13
Oct
105V2
Dec
Mar
91%
35%
Dec
50
Dec
29%
Apr
14 % Aug ;!
24%
.
Jan
20
Wayne Pump Co——
Dec
78
Jan
//A 8 3A
5
Dec
Nov/;
83
K
/',/8%>Janv
neV'-^-rr4'-^i-l:
preferred;
Dec
81
124
Jan
Dec
21% Nov
32
30% Jan
Dec
333A
Mar
Dec
47% Dec
'
*14%
143A
143A
15%
41%
41%
40%
40%
87%
*86%
87 »/2
15
*86
V
38'/a
40'/a
39
38%
112%
U43/4
*113
114 /
15%
15%
40%
40%
87%
40%
*86%
113
116
,15'A
41
40%
87%
39%
113
116
i
15%
40%
*86%
40'A
'
1
*87
116
116
115 Va
117-
116%
■;
110%
110%
lll'A
111%
111
lll'/a
111
iii'A;
118%
118
118
118
118
393/4
40
r'v *57%
114
114
33
*31%
32
59
61
12%
/
32
13
583/4
12 V«
12%
? " *29% '
40'A
>40%
116
*114
;
*118
118%
*118
,
31
30
31
:
*113
40%
40%
115
*32
114
39%
1143/4
/:
117
111%
*118
'
113
111
41
118%
40%
115
29
31 'A
60
60
12%
30%
12%
12%
12%
30%
30%
31
55
54
55%
*54
•93
93 Va
52%
92'A
93%
X90%
92%
51
52 Va
50%
50%
60
*58'/a
...
12
53
*52
913/4
92
50%
503A
32
*30
,
55
53%
92%
92%
51%
52
51%
*30% >32%
*31
,
30%
33
*31
33
'30
Air
58%
60
Western
Auto
12 Va
12%
Western
59
12 3/8
30 r/:
301/4
32
:
94%
51'A
383/a
383/e
38%
39%
39%
403A
39%
40%
39
39%
39
37%
37 3A
38'/a
39%
39
39%
38%
39%
38%
391/4
38%
*43
44%
43%
44 3/8
•44%
i
45'A
45%
46 'A
46
41
41
42
40V8
40 34
*39%
IC6V2
106%
106%
106%
41
•
105'A 105%
75
*70%
105%
f 105%
I,. 51%
I
.
106%
*70%
105%
,43%
106%
75
43%
*70%'' 75
105%
105%
54%
54%
55
99%
99
99%
99%
*31
44%
44
44 3A
45
.
'46
51%
99%
45
/
46
45
45
40%
39
39%
107%
75
*70%
105%
*105%
55%
57'A
99%
100 Va
107%
443A
45%
Weston
40
Westvaco Chlorine Prod
106%
Dec
3
No
Instrument
30%
conv
Wheeling
r
/
12.50
56
35
Oct
38'A
Dec
37% May
100
43
Oct:
7
Oct
Dec
105% Dec
Jan
1013A Aug
31% Jan
1
50% May
45% Dec
,
27%. Feb
No par
No par
prior pref
57J/a July
Jun.
92
31% Aug
37% May
30 % July
i
oar
-No Par
preferred
Steel Corp
$5 conv
Jun
43% Aug
26% Jan
64
5%%
57%
Jun
37%
Jan
Dec
14 Va
27% July
;
100
101%
61
Jan
64'A
Dec
Dec
3% Dec
Jan
4% Jan
13V4 Feb
Wheeling & Lake Brie Ry—100
.
40
Dec
32 3/4
Nov
113
Jan
--—No par
107%
.56%
Elec
$3.75 preferred
75
101
Dec
106
Westinghouse Electric Corp—12 %
zz Preferred. -:A——-12%.
45%
*105%
112
1183A
22 3/4 Mar
—No par
Westinahouse Air "Brake
44%-
*70%
56%
100%
:
39/
106 V2
Oct
Jan
1133A Sep
class A-No par
Z Class B
Nov
118%
preferred—-.100
39%
*38%
106%
■
Nov
Jan
—10
100
Western Union Teleg
32
/
non-cum 2nd
Nov
37
1131/4
Western Pacific RR Co com—No par
Preferred series A
—100
9.4%
503/4
*30
'1
.
'■M4%'
30
•54%
54
Supply Co
Maryland Ry
16% Dec
Jan
Inc————t-i
Lines,
89%
101
No par
preferred—————-100
Western
30
543/4
6%
31
30
?
-
West Va Pulp & Pap Co
38%
Apr
109%
preferred———100
pref erred-—100
West Penn Power 4%% pfd
100
41%
Jan
100%
6
118%
40 3/4
May
23% Mar
1%
>
118%
■0
24
84%
No par
—No par
West Indies Sugar Corp-———I
West Penn Electric class A—No par
40%
114% 114%
32%
54
.-
$4 conv preferred
1183/4- 119%
*113
22
,
114%
••11L./:: 112
41
60
.■
39%
114
.———5
Inc
Wesson Oil & Snowdrift
87%
38%
t
! '39%
41%
Tobacco
Webster
16%
41
*87
*113V4
40'A
113 Vs.
117'A
113
15%
16%
4(|3A
87 3A
78
Feb
I071/2
>
Jan
47%
Dec
l-f
' 31 Z ■'
31
31 Va
31
31%
30%
32
31%
31%
1.
43%
43%
White Dental Mfg (The S S)—20
*42%
44
43%
43%
87% Jan
21% Jan
42%.
43%
41
41%
White Motor Co—
18%
18%
18
18 Va
18%
19
2 6'A
%
'
Jan
47'/a
Dec
8%
Jan
18
Dec
95
*92
i
34%
|l
I,
95
*92
34% : 34%
18%
95
19 Va
*92
95
*34%
35
34%'
35
11%"
24%
12%
11%
25%
24
11
'243A
25
17%
i,
99%
20
18
;
993/a
i 99% 100
20
.
20%
!141%
'141
39
Zfl *37%
55%
'60ya
55'A
60
;i8%
:;i9%
21
19
1001/4
.
21
•
*34%
,
35
Prior
preferred—
1
par
Oct
31%
.
83%
Jan
94
30
———20
Wilcox Oil
Co——————8
Willys-Overland Motors——-—1
25%
19'A
Wilson & Co Inc
39%
58
59
*391/4
5.7://
40
63
63
63
!
98
*94
101
*98
101
*98'A
*95
98
99
100
*98 Va
81
81
34
36
,
17
7
Iron Co
(F W) Co
Worthineton P & M
Prior pfd
101
Prior
4%%
,
■
-
12 % Jan. 29
Jan
:/ 35.;
Dec
Jun.
Oct
12
Dec
16
16% Mar
26 V4
Jun
193/8 Jan 28
10% Jan
19% Nov
26%Jan
100% Jan
30
21'A Jan 31
V
53%
Jan
70
Jan
100
;
Nov
Dec
Nov
Nov;
80
Jan
No
100 V4
Nov
par
75
Jan
110
.No
Nov
Vft*
69% Mar
84
Oct
13:
Jan
233/4
Dec
Jan
47%
Dec
36%
33%
34%
Wyandotte Worsted CO—-———-8
.
49%
48
271/4,
26%
48%
271/4..
33%
33
33
72%
Z-'•V 72:
29%
Jan
38
pfd 4% % Cony series—100
Wright Aeronautical
V'Z
37
40%
10
99%;
81%
<"Del)
22
Dec
138 3A. Dec.
Jan
79
Tr
Jan
:
22'A
100
'WftO
Jaii
/, 13%
/I28
(Del)—No par
series
803A
Wrlelpv
6% Mar
10
81%
"80%
-34
3
99% Jan
Woodward
98
'
16% Jan
19% Jan
Woolworth
,
-63
*94
,
3
No par
Wilson-Jones
573/4
2
213/8Jan
$4.25
21
'141%
39%
10 '/a Jan
preferred—No par
Co--—
^-—10
Wisconsin El Pow Co 6% pfd—100
100%
*96
.
White Sewing Mach Corp..
.$4 conv preferred
:
—No
95"
»
12%
97
U *93
K
.;'i8%
is
*92
,
103-
'
10 3/4
If
I
*92
—I
ZZ '
29%
6,100
.10,400
,
>
73 / t
:
30
2,500
14,700
.
9,700
4,100
48,400
Yale ft
/ York
Towns.Mfg. 00———99
Corp
1
43%-Jan 21
.
Z
49V2 Jan 30
32%
22
Jan
4
27% Jan
31
13%
Jan
24%
Oct
No par M •i 28
65
Youngstown Sheet & Tube__No par
: 25
Youngstown Steel Door—No par
Jan
4
35% Jan
17
19%
Jan
311/4
Dec
Jan
4
733/4 Jan
15
39%
Jan
70%
Dec
Jan
2
31
Jan
29
20
U Young Spring & Wire
Zenith Rftdi? 0orP—
Zonlte Produces Corp.
■
-
42% Jan 15
13'A Jan
28
Mar
34'A July
/&% Jan
:
Dec
8 '/a
Jan
Sep
>
19
No par
5
Washington Gas Lt Co——No par
Waukesha Motor Co——*.—9
47'A
Dec
71... Nov
13%
& Pipe—
Warren Petroleum Corp—,
*31% .32
24%
30 Va Jan
105
Aug
61V2 Mar
Warren Fdy
:«49
22%.
•
Apr
64
par
•'•
„•
Warner Bros
35%
35Va
353/o
•
Nov
57
No par
Baking Co
-iv 5Vz%
Dec
50 Va
-
36% Jan
120
Mar
145
Mar
100
& W
Dec
22%
45%
25
preferred
Walworth nn
105 %
105V2
34%
Jan
3% Mar
100
—No
Dec
48%
/ Mar
59 %
preferred--—i00
——-
(Hiram)
Dlv redeem
,
;
13
118
—
15% pirn
14%
14%
14'A
105'A
105%$
45%
20%
3A Aug
Dec
24%
:
120%
Nov
90 Va
par
WAlgreen Co—-—No- par
4% preferred-.—
-100
109 %
/•/? 200
,
Wabash RR AVa%
.
Dec
Mar
Dec
86'/a Mar
100
Waldorf System
;•
•
111
20%
14'A
105V2
82%
19%
.•42
;
108 Va
1J2
15 Va
105%
'
1093/4
*20%
16
35%
; *45%
813A
82
110
48% May
—28
Preferred
19% /
46%
-
175
Jan
13 %
100
pfd
Dec
•
9
32
Co-6%
•
25
21% Jan
100
Virginian Ry Co—i—..
6% preferred—
Vulcan Detinnlng Co
>,:
42
34%
•
•
19
|! *45%
|
451/4
200
41%
20%
15%
,
105
14%
105%
49%
*160
Dec
52
.
dlv partlc preferred
Dec
/ 121V4
" 23
43% Jan 22
10
No
.
178
preferred—_100
Va El & Pow $5 pref
Va Iron Coal & Coke 5%
.U
19Va
112
•21
14%
813/4
.
41%
*108%
'
Va
82%
00
*172
.•
6%
.
121
19
114
114
20%
14
;
*172
45'A
45'A
113/«
92%:
«
non-cura
Dec
16%
Jan
2.50
Victor Chemical WorksVa-Carollna Chemical
41%
1093/4
*108%
110
20%
•'
175
*813A
*80
49%
200':
42
*108% 1093/4
V 110
44
*160
*172
,
*120
49%
49
45
>
zz
Dec
8%
75%
3
Vick Chemical Co-..-—...»
—9
Vicks Shreve & Pac Ry—_—100
5%
421/2
91
Jf
;
X%
t
200
,19
41%
49%
90
It
.
121%
Z:;./'
,
115
42
95V2
*80
45
81%
81
18%
41%
18%
*41
120
90
*160
200
172
93%
120
*80
49%
86
*110'A
>-
121/2
'80
...
Ill
42%
*160
;'
115
42%
200
%
*1101/2
43 T#
160
H
115
43
43'A
431/4
*110
/,
*81
*109%
it"*. '
■■
Jan
31
Jan
5 3/8
50%
>:-r:
39
8
JVo par
Co
Vertientes-Camaguey Sugar
87
*109
433/4
*119
90
49'A
115
*82
V
11%
,
120
*80
88
Vanadium Corp of Am
42%
42
9%
:
*84
Nov
Jan
—1
No
22 Va
*108%
32
Jan
Inc——I.
Oct
Dec
Nov
Jan
54
90
89
85%
Jan
--^.—8
Dec
160
Sep
28
Oct
Oct
77%
Aug
14
93/4 Jan
Dec
176
Jan
293/4 Jan
Dec
7V4
73%
Jan
52% Jan
Nov
48%
Jan-
3
50
Dec
67
Jan
72
Jun
57
v/v
2'A Mar
52
Dec
11%
Jan
46
.
8
54%
90
Jan
29
' 27%
per
.
Jan
4
32 %
*108
Dec
38 V2
Jan
22%
85
70%
55%
50
Jan
21
154
——29
32%
:'•■•
Jan
Jan
Dec
Jan
13% Jan
Jan
7% Jan
preferred-,
Stockyards Corp—
22%
54
85
Nov
70
.
107%
Dec
343/4
59
,
13%
1
non-cum
Norman
1151/2
Jan
77
Jan
Universal Leaf Tob——_No par
8% preferred—
100
Universal Pictures Co Inc..
1
.
115
Jan
Jan
67% Jan
79% Jan
100
Universal Laboratories
Preferred
v
370
Jan
;Jan
12
84
—No par
Universal-Cyclops Steel Corp
13,400
120
105'
*195
46%
.
57%^
102%
'
100.
77
per thare
33
71»/4 Jan
50
United Stores class A—
$6 conv preferred—.
2,000
11 %
113/8
•
*
•
26
'
105
7%
United
.
22
$
202
18
2
7
115 Va Jan
Highest
per share
Jan
173
50
,U 8 Tobacco Co—.—No
—
6,800
18%
100
Preferred
Jan
Jan
per share
44
2
Lowest
65% Jan
10
;
1st preferred...
U S Steel Corp
/
5,700
,
'93/a
: 11%
*56%
253/4
51'/a
Co—
non-cum
Preferred—
2,200
.
9%
25%
125
52,300
•
^;17%
125%
*120%
V'
*
U S Smelting Ref & Min
400
/
29%.
*51
,
17%
126
/
8%
7>
13% Jan
,
U S Rubber
-
300
8,000
158%
28%'
9%
17%
18%
95
157%
v
■-•■'./
87 'A
93%
159%
29 *
51%
9%
9%
18
18%
25%
56%
.29
58%
*121
11
56
92%
Xl57%
29%
18%
24%
24%
95%
159 %
*51
19%
126
*121
92 Va
157 %
29%
51%
V:> 9%
9%
18%
18%
.*121%, 128
29%
93%
158%,
29%
51%
9%
9%
18%
.
•
9,500
:
79
*85
V
91%
159
28%
87
*84%
87
,
55,200
,
185
77%
157%
92%
158 %
-
*84%
7'A
69'/a^
-•
*194
80%
v
7'""
69
■
185
793/4
80%
i.
71%
70%
*182
185
75%
7%
7%
; 7%
72
71
*181
86
9114
157
2929%
6%
.
•
76%
85%
: 88%
88
72
182
76 %
76
85%
157
7%
70%
182
36% Jan
—.10 ;
10%
U 8 Pipe <St Foundry—
—20
" 62%
U S Playing Card On.
,1T.; "...VyiQ v;60%
U S Plywood Corp—:
———1
45
JU S Realty & Impt_——___No par
5%
1,900
'
*66
Partic & conv cl A——No
par
———I'
U S Lines Co—
Preferred ••—
18,700
Year 1945
Highest
U S Gypsum Co
.20*
109'/a Jan
8
ut 7% preferred
100 // 199
Jan 11
U S Hoffman Mach Corp
5
29
Jan
5
100
5%% conv preferred—Z/f
66%:,JanA0ZiA
5,200
U S Industrial Chemicals—No par.
51 • Jan
3
•
,7,800' U S Leather Co———No por .10% Jan 3
"*
.
:
STOCK
2,400
20
1,900
-
31 'A
*69
YORK
EXCHANGE
Shares
//204
31'A
v
NEW
,
the Week
1 per
70
*56
70
57%
Sales for
Feb. 1
"
112%
204
31%
*69%
Friday
Jan. 31
$ per share
113
202
202
Thursday
Jan. 30
.
$ per share
113 Ms
stocks
Wednesday
— %
Jan. 29
I per share
*112% 113%
*200
Tuesday
—
28
RECORD
AND HIGH BALK PRICES
27% Sep
44V2
Dec
12%
Dec
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Bond Record
New York Stock Exchange
«»
FRIDAY
week,
The Woiic letters
',:•
.
....
.•;
/"
U.
8.
"*.■
,
1947-1981
•—r—-—1946-1956
/-0
M-S
j-d
J-D
J-D &
M-S
M-S
M-S
J-D
M-S v.
3%s
Treasury
Treasury
3
3V#s
3s—
3s
2%s,
2%s
2%s
2%s—
2%s
2%s
SS
Treasury
2'a.s
Treasury
2 Vis
Treasury
2%s
Treasury
2%s
Treasury
Treasury
Treasury
Treasury
Treasury
—
JotS loM
1952-1954
2%s
2%s
2%s
2%s
2%s
Treasury
Treasury
•
June 1967-1972
Sept 1967-1972
—»—Dec 1967-1972
Treasury
Treasury
2 %s
1956^1959
-l-June 1959-1962
Treasury
102.18
107.9
107.15
107.5 V
106.1
105.1
103
105.1
104.29
104.29
102,22
104.29
104.23
102.11
104.19
102.22
103.16 103.22
101.16
108.30
103.22
101.15
103.22
107.22
106.2
"106
>109.24
__
f*>:
102.22
102.10
103.15
103.24
"103.22
60%.
"60%
61%
61Va
.
102% 102%
102
101% 101%
101%
101%
102%
104
a
30-yr 4s___
3 Vis
(City)
104.9
104.14
"104.13
104.15
"104.17
104.19
fund
•
A fig
15
7
S:
;
111%
V__''
23 V
22
^
.
26%
15
21%
26%
d24% ^ 26%
71
21%
26%
22%
26
22
■
26%
■Jy;-:21%
21%
26
1960
6s__.
d24%
*
Feb 1981;
25%
d25%
4
26
ti25
;
44
.26%
6s^__^_.«_Jan 1961
Jan
1961
Sep
sinking fund ««
:
—
624%
d24%
26%
0 41
21%
26%
d24%
26%
46
M^iiVi
26%
25%
25%
25%
25%
25%
1961
iowe
26
21%
26%
2i%
26%
v
•
.,,1963
,,,,
,
.
d24%
1961
,
1
19
f-
h;-"
sinking fund 6s______lfl63
i
••
>
.1
d24%
104.27
107.22
110%
v-vim# 114%
101% 101%
A® 63%
63%
61%
"20
.78
.78
21
%
«__.__^.Feb 1961
Absented
96
114%
114
101%
195«
assented
AExternal
93%
93%
•101% 101%
114%
1943
,
94%
93
: ni% in%
111%
,
104.27
.91%
1
-
1948
f 7s
a
sinking fund ««
A6s absented
"107.20
95 V#
•;•.■■'
6
I960
assented
AExternal
"
95%
91%
.
9
4
__1960
;
8s
External
:
—.1981
:
sinking
6s
102%
*
61
J975
assented
A Extl
>103.29 103.31
60 Vi
.
63%
J 61%
102% 102%
:
,
$ $ bonds.>1984
a
AR* external a f
A6s assented
103.24
__
'60%
.
1950
f 4%-4%s
s
(Rep)
A 6s
.
61%
60Vi
V
58_^.M..^_M_1957!
18
AExtl
103.24
63%
60%
60%'
1 e60%
AExternal sinking fund 6s
103.12
>103.13
.
62
60 Va
:62.
95%
(Dom of)
A 6s
>103.22
-V"
63%
61%
\7s assen1943
"103.10
v
61%
61%
f 4%-4%s.^___«_«_^_1977
external
AChlle
"103.22
__
61%
;
2%s
102.20
"102.8
ll
63%
(Province of)—
s
ACarlsbad
102.18
__
63%
60%
I
fund gold 6s
25-year
107
"102.20
Mar 1948-1950
M-S
.Dec 1948-1950
J-D
Jun 1949-1951 , :J-D
Treasury
Sep 1949-1951 '■'■■■■ M-S
Treasury 2s
—Dec 1949-1951
J-D
Treasury 2s
March 1950-1952
M-S
Treasury 2s_-«
.«»-_Sept
Treasury 2s •*«••••———••—1951-1953
;
M-S
Treasury 2s
1951-1955
J-D
Treasury 2s_—
June 15 1952-1954
J-D
Treasury 2s _-_w_
Dec 15 1952-1954 ...?
J-D
Treasury 2s
..1953-1958
\ J-D
Treasury l%s_.
—..
June 15 1948
J-D
Treasury 1%8
—-—___-_~^-_1950
J-D ;
61%
60%
stflmpprf
Canada
*,V
102.18
V-r
2s
2s
~r—
•
'102.16
j-D
J-D
60'/«
60%
Refunding s I • 4 %.4 % a
^ rl, 1 Q7fl :
External readj 4%-4%$-».^—.w—^1976 V;
3%
109.26
106.31
-
__
60%
-"60%
28
(City) a f
60%
61%
' "60% .61%
,
No.: 30.—
3%s Series
External
108.30
103.18
V
103.22
108.29
"107.20
__
;
26____^_____
No.
Series
■
60 V#
f
;
—
Series No. 25-i.»..—
No.
63
"60 V#
22—
23
63%
•
"60'/a
21.
No.
A6s
104.29
"108.27
;■
No.
No.
Series
External
104.23
104.19
-
M-S
J-D
-
104.21
ii
'
r: 60%
Series
Series
Buenos Aires
105.2
104.29
104.21.
60%
-
Sinking fund gold 5a»-._,...^.,,1958
108.25
"105.31
v
.60%
Sinking
104.9
__
60'A
Brisbane
110.10
>108.23
__
107.15
107
11
107.15
107.15
20—
Series
3% 8 Series ^ No.- 29_>_———i.J--.- v..,,;
'V '
.
>107.7
No.
61%
03
•3%s
104.24
>110.8
61%
3%s Series No. 27
106.17
v._'
63
"GOV#
3%s Series
>-"106.15
l:
"60% .61%
19
3%s
'
"104.22
2s
Treasury
116.30
"102.16
18
No.
'
:
Treasury 2s
Treasury
116.8
4116.28
No.
3%s Series No. 24--
109.26
1
High
61%
Series
3%s
,
__
Low
61%
"60%
3%s
>104.12 104.14
1-
17
3%s
-
"109.24
J-D
.
1947
Treasury 2s__
115.26
•;
? 116.6
M-S
___.Dec 1959-1962
2%s.
Treasury
115.22
115.24
.
J-D
M-S
J-D
J-D
J-D
,
.1954-1956
__
Vis
2%s
Treasury 2
101
111.19
115.24
No.
3%s
101
'*111.17
*:'_L
January 1
j
..'-
•
3%s Series
101.1
*100.31
Series
3%s
,'>108.28 108.30
I.
Range Since
Sold
No.
High
'
■:
(Continued)-
bonds
$
Bonds
Bid & Asked
Low
■•'
3%s
J-D
i
2%s»-————....1951-1953
2%s
.1952-1955
Treasury
External
J-D
^
———1966-1971
—
High
vi
Week's Range
or Friday's
Last
(Continued)
Brazil
101.3
'
M-S
J-D
J-D
l®f4*J96®
Dec.
2%s
Treasury 2%s
Treasury
M-S
i.1902-1967
___—
1&63-1988
...June 1964-1969
Treasury
Treasury
■-
1956-1958
-
Low
:
Sale Price
Period
101.13
*161.1
__
__
;
-
No.
High
0 *100.11
__
.
Treasury 2%s
Treasury
,
1946-1949
—-----1949-1952
^.1946-1948
—1951-1955
——1955-1960
..
1948-1951
1951-1954
*_1956-1959
——1958-1963J-D A,.
Friday
Interest
Stock Exchange
York
New
Range Since
January 1
Sold
"106.10 10C.12
__
ltt:zzzzvss;:iuv-ltil f ftg.
Treasury
Treasury
_
Bonds
Friday's
Bid & Asked
Sale Price
Gavernment
Treasury
Treasury
or
Low
4 %s———"—
Treasury
Last
Interest
Period
•
BONDS
Week's Range
Friday
Exchange
York Stock
'•
■'"'•''■y
RANGE FOR WEEK ENDING FEBRUARY 1
•
•
,
BOND 8
;
New
YEARLY
V
-
interest"—except for income
"and
are
when
and
WEEKLY
-
and defaulted bonds. Casb and deferred delivery Mies are disregarded In tna week'* range, unless they are the only tnusaaesteaa of
outside of the regular weekly range are shown in a footnote In the week In which they occur., No account Is token of such sales in computing the range for the year { >
in the column headed "Interest Period" Indicate In each case the month when th# kondf mature
,
...
<
*
notice—Prices
the
Monday, February 4, 1946
d24%
49
26%
,
__
A Chile
101.30
"101.28
Afi'As
102.3
102
Mortgage Bank. 8%S_^___-_1957
flssent.prt
ASinking
fund
City;
York
.
.
/ A;-.
__198Q
1961
,.v;
AGuaranteed sink fund 6s
..
:
.
a 68
.
123
J-D
123%,
122,
120% 123%
172
,
'
:
A 6s
A
Chilean
A
Chinese
A 7s
Cons
>
__1963
Munic
7a
befe?i98ii^
j
Telephone
120
Mtge Bank 6%s
Sinking fund 7s of 1926-
ACosta
__1947
(Rep of)
7s
4
%s
1977
externa]
A Public
Vk Foreign
Govt.
V
'a
:
.
%r-ic
iColombia)— V-
Agricultural Mtg6 Bank
y.
1947
F-A
—1948
Akershus tliing of Norway) 4s
1968
hAntioquia (Dept) coll 7s A
-1945
AExternal s f 7s series B
1945
•i.A External s f 7s series C
.1945
AExternal s f 7s series D
.1943
AExternal s f 7s 1st series
1957
AExternal sec s f 7s 2d series—1957
A-O
2
$78%
AExternal sec s f 7s 3rd series__1957
AAntwerp
1958
(City) external 5s
Argentine (National Government)—
;
8 f external 4%8—
1941
8 f conv loan 4%s___
1971
8 f ext) eonv loan 4s Feb
1972
8 f ext) conv loan 4s Apr
1972
Australia iCommcnw'lth) 5s of'25.1955
External 5s of 1927
.1957
External g 4%s of 1928
1950
•
Delglum external
External s t 6s
External s f 7s
lABrazil
—1949
8%s
——1955
1955
;
1941
(U S of) external 8s
Stamped pursuant to Plan A
M-S
-36%
36%
36 VA
36%
36'/a
J.J
A-0
■?: v *
•
t
■
36 V*
36%
"31%
.32%
^
^
;.
/i. 'j- 'i ^
A-0
A-0
"31 %
•••
J-D
V
36%
36%
30%
32 Va
31
115 V
1
102% 102%
M-N
103%
F-A
A-0
J-J
M-S
108%
<104
M-N
M-S
120
A Estonia
%
J- J
•
"
"■'*•.
-
v: 15
105 <<
105
106'/#
111% 111%:.
65%'.
1928
J-D
A-0
"60
;
107
v.
63%
1979
A-0
._1957
A-0
3.375%)—_1979
A-0
1952
J-D
1978
J-D
(Int reduced to 3.375% )
of 1927_.
64% j
60
63
62%
W-
A
100
I
(Int reduced to
'Central
Fey)
{>Umped pursuant to Plan
(Int reduced to 3.5%)
,<.>58
^
60
65
'y
58
62%
•
funding bends of 1931
pursuant to Plan A
(int reduced to 3.375% )
<4
65
A
'
tjfu 'A
■
.
"60
•
t
i:;
•
-'•:
^
63%
r 59%
66
58
"102%
—
.
paid
"102%
,
•.
—
__
__
/
■
^7 ;■
>102%
t'.*
,-i tmnrii'..
"50%
•*
•
'• >.»,'•
•>-
A4%s
Irrigation—
stamped
A Mexico
to
"101%
■'
1945
Hi; A Assenting 5s of 1899 —
-
A
Assented
to
Nov.
6,
1942,
'
-
;
'■
18
."100
A-O
'
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"95%
•,
...
•
61
22
20
A-0
-.
19
71
19%'
loi-
>104%
__i
19%
'100
100%
••A*.'
•
J-D
\
.
#• 104%
'
30%
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"96%
.
•
31 Va
99.
M-N'
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Q-J
Q-J
;
y ;
11
..
30 ; -
.96%
21%
<14%
21%
■;.7
2
:r
-;'v
'21
agree
For Financial Institutions
3%s
Series
Series
No.
3%s
Series
3%s
Series
Series
No.
No.
•
*
No. 6
"V>
...o
5
63
62%
62%
62%
67
63
62%
67
62%
63
62%
66%
62%
"65
79
7_„
v
,
,
FIRM TRADING MARKETS
63
62%
65
79%;
79
79%
r
::
79
3%s
Series
No.
8
79%
79 %
79%
77%
80
?%8
Series
No.
9
79%
79 %
79%
79%
80
3%s
Series
No.
10
79
Series
No.
11
60%
e60% e60%
60%
63%
ffi
marks & r.P■ we.
80
3%s
Series
No.
"79Va
;
60%
e60%
12
60%
15___
60%
16
60%
61
No.
14
3%s
Series
No.
3%s
Series
No
see
page
60 %
676.
•'
63%
61
61 %
60%
Series
*"n^notes
60%
'60%
3%s Series No. 13
3%s
/
SECURITIES
65
62 %
62%
3
4
No.
3%s
FOREIGN
6,4 r<.'
62%
63%
FOREIGN SECURITIES
SPECIALISTS
50 Broad St., New York 4,
63
60%
60%
60%
61%
60%
60 %
63
Telephone HAnover 2-0050
.31%
-96%
"20
6%
1979
24
•
—
>:
62
104%
22
I"13%-S-%
;
v
1
65
61
22
17
■
,
22% : 22%
agree
1945
111
.£:fh
__
'
A-O
V
'
Nov.
111
-
>112
-y'.
,
__1943
assented
5. 1942,
(US) exd 5s of 1899 £
a Assented
r
64
Stamped
Sternal $ bonds of 1944 (Plan B)—
J%8 Series No. 1
—
•>o%« (Series No. 2
97%
"
♦102%
s
(State Mtge Bk)
,
68
102%
-
__
58
:65
-
97%
96
69
Stamped pursuant to Plan A
-
A7s
99
96
2
97
part, paid
Mexican
V
63
99 y8
98%
22
96
1949 <;V;
1949
.;
<
I '•
—1984 ,y
stamped
7s—1'»57
AMedellin
(Colombia) 6%s—
1954
Mendo/a (Prov) 4s readjusted
1954
65 VA
;
."58;;
1
-102% 102 Va-
1967
7s
..A":
111%
Stamped pursuant to Plan A
AExternal s f b%s
part
(Republic)
A Jugoslavia
106%
1111/#
65
Ci :.
62%,_63% ;:i
A6s
103%
,
X105
I'rU'M;
.,65 'A
.65
;
1
165
98
102%
——1938
f 6s seiles A—1953
Helslngfors (City) ext 6%s__——I960 v
Irish Free State extl s f 5s
;.S60 •
i
Haiti
■
AExternal s f 6%s of
96%
112
162
96%
■
105%
V: 101
107
4
.
A7s
109%
103%
■'
- *
■
_
■
99 V#
99 V#
158
15
103% f i
.
103%
98 ■
106%
■
1978
1951.
(Int reduced to 3.5%)
(Republic of)
Greek Government—
.97
;
112
99
series——^--*.-—-—1969 ",
French Republic 7s
103
101
11
•
J-D
J-D
•
•:
105
103
107
•'.
101%
33
109%;
i
104
103%
•'
98%
108
.
,
98
98
v?
llH
•'' 70
97
*
:
•
103%
103
977/a
:v,7
vv
.
51%
.
114
99
<
51'A
114%
1952
& 7s unstamped
M-N
92%
•164%
-
60 %
51%
.38%
110
>109
1942 J
1955
—1962 .(j
58%
31
31
hi
81%
♦98
gold
5 Vis 2d
81%
81%
93%
•
,
V114
<j
—
-ik
115% 115%
115%
36%
2
.
91
-£
"103.
..
37
38%
2
.
100%
36%
81%
♦
■38
5%s_
External gold 4%s
lADominican Rep Cust Ad 5%s—1942
{Alst series 5%s of 1926
1940
5 A 2d series sink fund 5V2S
1940
Customs Admin 5Vis 2d series—1961
5%s 1st series
1969
External
36% .36%
y& .11
:.,33,Vv;v-i
"31%
'•'V
97%
f
36'A
"'
J-J
;79%
:
36%
36 'A
J-J
•iir 77
«17
100%
98
J-J
79%
2
78 V#V-'
S,77
:
23%
37
1
A-1951
I a Denmark 20-year extl 6s
78%
sink fund 6s.
AGtd sink fund 6s
AGtd
;
18%
1
92%
1953
ASinking fund 8s series B
''
■
24%
25%
i
"50
—,.1945 •
5 % s—_
ACzechosiovakia (Rep of) 8s ser
Municipal
&
wks
25%
21%
".5-
51%
1949
,>1949." V
Sinking fund 5%s
■"*■;
27 '■-V*
59% f
♦50
>
1951
(Republic of) 5s of 1914
External loan 4%3—
NY 1*1693
V
•
25
V
24%
'33%
81%
;
1948
Cuba
<"r^J'Teletypi&~
T
Rica
*:
;
81%
<:■:
ASinking fund 7s of 1927____-_1947
:;:v;
Broadwitjr, New York
4
1970
Copenhagen (City) 5s_—1952
25-year gold 4%s
.—.1953.
WERTHEIM &. Co.
REctor 2-2300
1927
exterr.nl s f $ bonds
A Colombia
A
•^
2
23%
I "33Vi
Jaa 1981
■
.Members New York Stock Exchange
13
V
1901
•t^A6s of 1928
Foreign Securities
.25%
25
3
d23%
•
I860
(Hukuang Ry) 5s
(Repubho of)—
A 6s of
2
13 .»?:- 21
24%
-
H
3s
.
20%
1960
assented
Colombia
24%
1963
assented
•■•"'•■•
25
1981
sink fund 6s
;
17
d23%
(123%
1961
assented—,
AQuarnnteed
25%
1981
A6%s assented
New
25
34
6%s.
'
transit Unification Issue—
3% Corporate Stock
1
.
,
.
.
N. Y.
v
Teletype N. Y. 1-971
-
'
21%
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4461
163
YORK BOND RECORD
NEW
RANGE
FOR
WEEK
ENDING
FEBRUARY
1
and
dealers, banks, institutions, lawyers, executors
To
,673
individuals, we offer our services for quotations on
Railroad
OVER-THE-COUNTER SECURITIES
vH. D. KNOX & CO.
.Interest
■
Sale Price
Mexico—(Continued)—
; AAssenimg 4& oi 1904
*.1954
AAssented to Nov. 5, 1942, agree
V. A Assenting 4s 01 1910-.-.-*--*—.1945
'
3-D
.
A Assented
Mlnat, Geraes
■A
(State/—
\
-
ASec external-8 1 6%s__.>.
r1
:M'
reduced
A Monte video
(City)
a
-Ads series
-'
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15 ;
"ft'
-A
ftu ■?.-
,ft* V'
Wi
-y
..
' ■ 1.; _• •
M-S
39 V2
M-N
40
—
M-3
106 Vi
Oslo
1963
101%
105
105
105
105 ;
(City) sink fund 4%s
3%s series
sec rel
APernambuco
(State of)
Af-N
i'iJV,:
M-S
-.—1947
MS
^ i .
v
(Int reduced to 2.125%)—2008 A
APe.ru *Rep oil external 7s~
1959 ;
M-S
I
3-D
*.
•
1067/a
Nat
loan extl
s
?A A
M-S
—I960
I 6s Ift sfer
ft
v^jj-vr*.,
*-■
'
,
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(Rep of) gold 6s———1940
A-O
ft
§ A Poland
A4^s assented—
A
.
ft I,>
.
General
a
stabilization loan
f 7s
s
1047
—'
■
40
40
wm,
,
27Vi'.-. 30%,
-
;-;7";
28%
">•/':281.--
ft ;::
,
■.
.
88
23
,28
,
;ft
30%
,
1st mtge gold
(
7
A4Vs»s assented-
v
'A J-J %
——1963
J-J
A Porto
AlegTe (City of! 8s.—-1961 :
Stamped pursuant to Plan A fy-mmf
5
r
'24
ftft
23
f
■
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ftft
J-D
ft *ft,ft:ft
A Externa) loan 7%s
"
ft'"
tint
reduced
Mmm~
to
j-j
> Af-N
APrague- (City oi Greater; 7%«—.1952*
A,/.
:e*•]:;f| |7■ •
• i\p'\ 'r -•..
Queensland (State)extl6sj—w^-^947 ^
a Rio
Janeiro
oe
(City ofi
tit!
t
y:;
'
102% 103'/a
102%
6
.
^
81
:•••
.
,
F-A
2012
F-A
44
45
2
41
45
41
42
58
38
42
Rio Grande do Sul (State oil-—,'-
'V' f'r
.<
—1948
extl loan of 1921—
A8s
'•
41at reduced to
vvy.^V^-
••
47
47
A-O
*42
«■>«*«•
7 A6s external sink fund gold——1969
x Stamped pursuant to Plan A
(Int reduced to 2%)—— .2012
A7s external loan ol 1926*-*— .1966
•
J-D
40
v'--
45
40
...
:\yi\
•
.
ft
!<.?&.}"
,
J"
J-D
M-N
40
-1967
Santa
be external sink
.
A
| JW~S
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reduced
(State!
Paulo
lASan
x"
8s—
50
J-J
J-J
.-1968
Stamped pursuant to Plan A-/-'
(Int reduced to 2% )
2012
s f 7s—1940
1
67
"l
•
60
¥60
A
a
secured
7s series
A Silesia
a4
(Pro v
■
2 '
•
; i
-
i.
($ bonds of
S
74%
*64
,
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70
54
ft
76
•
74 Va
^
\•'
J-D
ft
W"'-
-
ft
'
A4
Vis assented——
*——1958
ft 24%
m
17%
5
103% 103%
—
,
8
.
21
X
18-."V 20%
"ia, ^'
?19Vs?: 25
>-w,
l9Va
-
AM
■i.:19.%;i:xfr'
?
F-A
Af-N
'
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Af-N
1979
(City)' external 7s—**-1958
25
19%
-
t-V.-* ftft"*110
102,
104
r
to
"
A .stamped——1953
Adams Express coll tr gold 4s—u_*1948
Coll trust 4s of 1907
—1947
10-year deb 4Vis stamped.*——.1948
Alabama Great Southern 3 Vis—-1967
Ambama Power 1st mtge 3Vis
Albany Pcrfor Wrap Pap 6s_—
*110
;
-
•
f'fm'
86%
89%
87 -A?
88
86
•
83%
89 %
*92...
■F-A
■
91
*89%
Af-N
J-D
.
23
89%
88 Va
89 Va
||i:vA;;|*-A;A
89%
ft;
92 V#
95
6
83
83
3
A
A ..VI
18
21%
15%
17%
95% ,A :
--Ali'
"
j-j"' ■;
83 A? 83
"
-
'
F-A
20%
•
20 Va
17%
F-A
20%
17'A
Af-S
J-D
F-A
M-N
106
,
ft
.
/
-
105% 105%
;; 103
'
'
L
A
107
102
102
>102
105
Albany At Susquehanna RR 314g—1946
'
Gen mtge 4V4s_———
1975
A-O
*100 A
A-O
*il5Va 116%
For
footnotes
see
page
676.
J048'
103
2
108
10'5%
.
103%
101%
101%
103% 105%
;
"2
J-j
.1972
105
1
101% 101 Va
■•*•104 Vi 105
108 %
,105 Va
1
103
A-O
warrants assented
38
108'A
A-O
with
103%
105
93%
99
96%
;
99 ,'
100
.
101%
7
126
253
97
,99% 101%
■'
1950
; *
•» «»
r_
4s s
f debentures
—
ft
82%
84%"
83%
.
102
3-J
ftfti
102
A 921%
674
96
84%
75%
22;;
'■(
97 V4
93%
A
287
101% 102%
{
155
101% 102%.
;•'
ioi %•
i'o3*
101
;
25: A
102% 103
J-J
ftft.-ft
-
'ftft
ft
100
ftft
J-J
ft-
104
-102% 103%
99% 100 ft
'^102
A-O
131 Vs
98
98%
ioi% 101%
A-O
102%
If e;;
V131% 131%
J-D
102% 102%
A-O
ft
99%
14
21
99%;
99
9.9%
J-J
1951
ft'.-vftft--.
mi »
96
-
1951
;
ft"'ft '..ftft'l r.ft';';ft.-. '*•£•
97%
94%
-
1947). due_
"
96
:ft
M-N
gold 4s extended to.i—1951
1
ft
95
ft
F-A
100
130%
■VA5:" A
131%
101%
101%
102
102%
102%
105
107%
108%
2
5
*. — *
106% 106%
"•
j-j
ft'ft?
107
*106
-m /A-o
1960
1969
-ft
ft 108'A
108
108
ft
106% 108^4
%1 ;;.
Al4'A'
79%
85
100% 104
179
80%
83
79%
F-A;
4 i
ft
ft 102% 104
ft
M-N
A
22
104% 105 ftr
J-J
M-S
wv
26
v;
76%.
A
81
75 Va
,
85
'
104 Vs
Af-N
,
105 %
104%
72
104 Vs 105%
*106%
F-A
"I
105% 105%
'
•107 tft 107%
107%
M-S
86%
A-O
ft 107
107 : i
Af-N
Stamped modified
(interest at
3% to May I, 1947) due—^**1957
IBurlington Cedar Rap A'Nor—
ft I Alst i8c coll 5s———-—*1934
A Certificates of
deposit
Bush Terminal 1st 4s__——
1952
56%
V
4
A
107
105% 106%
A
6
ft
106 A, 107% :
7,,106::a.107..A;
Consolidated
87 %
87%
130
85%
56
<
"57
48%
55-
55"
'
98
55
57
"'55
'.
•
'
A
104
104%
A 6.v; ;;
A 2 A
98
100 v*
•
106 "106%
A-O
,
f-:-3A
ft
99Va
:
1
;
104% 104%
J-J
A
"ft
■••
'
.1960
Bldgk 5s etd.
56 4
A-O
———1955
5s
,' 86 Va
"
Elec
Power
cons
A-O
:
123
106%
104%
A
ft
'
118
125%A
117% 117%
J-D
'118% 118%
A 123% 123 % ft.
J-j
123%
123
A-O
J-D
F-A
123'"'•'••■'■■'
.115% 115%
F-A
-
A 4.
•
-•
J-J
ft
108%
'
:-.--.2
118%
122V4.122V4
,121
■
34
'114% 114%
114%
107%
118% 123
122 v.- 125%
116% 117%
117%
3
ft: vl
'»-s li
102 Va 102 Va
:
5
10
;
109
107%.
109
120% 123
124
125%
J-J
Canadian National gold
Guaranteed gold 5s.
•
*108%
M-N
.1974 ft
gtd 5s A.»J962
4%s—1957
..Oct 1969
Guaranteed gold 5s
.....1970
Guaranteed gold 4%s
1955
ft; Guaranteed gold 4 Vss.-*..*—.1956
? Guaranteed gold 4%s_**
1951
Canadian Northern Ry deb.6%s_—1946
Can Pac Ry 4% deb stk perpetual*.—.
II* Carolina Central 1st gtd
1949
ft? Certificates of deposit
—
109
A-O
3 %s«.-*—.*1968
,123
,114% ill5%
102% 102 y2
;
108%
114%
*102
J-J
Celanese
F-A
Corp 3s dcbs_u_i*i_****L1965
■
107
108.
5
:
99%;
99%
-A5s
58..—,1987
115'/a
.
1
2, ft*;
A
14
A 99 %
J-D
78
40
40
ft
68
106%
5
74%.22%
;
84
100%
-.44%
25%
80
.
A' 37ft,
108ft
108% 108%
?4
102%
26
23%
76
.
■
40
108%
104%;
61%
ft 59
57
60%
.236.
A 57%
55%
59%
356
42%
60
53
55%
56
39%
56
53
%
■'.ftI.
52
50%
107%. 108%
109% 109 Va
50%
ml
108%
110
ft 105% 106%
37
105.
106%
A
50 Va
50 Va-
•107% 108
A-O
F-A
F-A
12
A
*104%
*
•
100
176
80
J-J
F-A
91
-
80%
25%
ft J-J
;89
8
24
25
A-O
107%
107%
105%
24% {26'
A-O
ft J-J;
•
114
'84
•M-N
,
J-J
'
•
;
101% 102% ft s
80
84 m-
F-A
registered ._*..*....-..-1987
■'■ft' AGeneral 4s_i_.._.*..i.i.——..1987
A4s registered
--*-1987
Central N y Power 3s—*—*
^1974
Central Pacific 1st ref gtd'gold 4S.1949
Guaranteed gold 5s—;.1960
Aft 1st & ref series-A
ft * ft ; A
•'■'••
(4V*7c to Aug 1 1949y.l----*-L974
91v
94 {{VA
93%"
A-O
1st gtd 4s__.__ft.196r
X A Central of N J gen gold.
A
90%
J-D
Branch U P 1st
JACent New Eng
•ft 91
A-O
gold' 4s_.__1948 ft
ICeoVral of Georgia Ry— H :<
A 1st mtge 5s.**J*.
.......Nov 1945
IA Consul gold 5s
—1945
ft. A Ref & gen 5VaS series Bi—...1959
ftr; A Ref & gen 53 series Ci-ft.——1959
AChatfe Div pur money ^old 4s__l951 •
AMobile. Div 1st gold 6s*.*;
1946
ACent
107% 107% >
M-S
1965
Cart & Adir 1st gtd gold 4s.*._.*_l98l
Central Illinois Light 3%S-*^._**.3968
J-D
-1948
6s
39
318
103% 104%
100%
Af-S
..
scries
107%
•
Af-S
Carolina Clinch St Ohio 4s
'
Railroad and Industrial Companior
lAbuibi Power & Paper—
v.
SA5s
105 Va
37
F-A
'
.1979
conversion—
m'W
19 Va
19 Va
•
1937)—
3'^p .extl readjustment.*——1984
A Warsaw
19%
t-v 18VmM8/
J-D
*.^„1964
3%-4V«-4A''extl conv*—— *—.1978
4-4V»-4Vis extl readjustment—1978
m
—Feb 1 1960
due*-—.....
Canada Soutnern
ft„
Af-N
readjustment*—
121
97%
M
„
J-D
1996
Calif Oregon Power 3Vss___*_
58
54%
V-
.54
Af-N
Sydney (Clty» • f 5%s——1955
AUruguay MRepublict extl 8s—
1948
i,
A External sink fund 6s—*LJL9B0
External
106%
44
38%
42%
Vy.' ;Y-f .Af'/IA I/Aft
(Kingdom)-^
extl-*1——1962
of) extl 7s——1058
V(» s assented——*—-—1958
3%s-4-4y«%
3
103%
■;
1999
(int at 1%
mtge 4s series- RR
California
58 ••
57
74%
A-O
sec
AExternal kink fund 6a...
36
38%
106
106
A-O
; *
3.5% )——1978
Slovenes
43%
38%
ft
59
*57
'
ArO
external—**—*——1962
B
ft:' 38%
65
A
•
Aks
•
43
43
ft-
♦
l fCm.fi
I; •' Stamped pursuant to Plan A
;
115%
114
•74
70
'65;
v
J-J
:
|A8ecured
Serbs Croats
107
109% 112
36
-
114% 115%
A
J-JV;
to
111 Vs U2
!
70
A6s ext) dollar
reduced
'
A
■
59
(Int
126 %
Buffalo Rochester & Pgh Ry—
57
65
;:
':;AA' 8;;;
*104 Vs 106%
J-D
mtge 2%s ser I—ft—i-—1976ft
Bush Term
70
59
;
3;
—
(
*64
65
—
98
AA:';--A|
67
J-J
—
'
39%
'ft 67
J-J
125 Va
106%
126% 126%
111%
A-O
>
M-S
loan
97-
—
A7s extl water loan—*.——1956
Stamped pursuant to Plan A
l.r
(Int reduced to 2.25%)—i.2004
/
.
1st
ft
a 8s external-——
—: ——1950
W- Stamped pursuant to Plan A
•
'x
(Int reduced to 2.5% )——1999
t
A
__
*43%
J- J
.1938
2
*39
*37 Va
;f;
.
||
'a 3
,Stamped pursuant to Plan A
(Int reduced to 2.5% )——_1999
;
:
JV-N
a; f*1957
124-124
*126 ft-'-ft -.
Bklyn Union Gas 6s series A
1947 'ft. '-ft Af-N
ft.
M-S
Gen mtge s f 3%s—. —*——1969
3'9
39
2
97
M-N
2.375%)—. .2001
to
S 18s
:iv.
,
39
ft
97
Stamped pursuant to Plan A - ■ ?
(Int. reduced to 2%)——2012
:
r-
■'
Paulo
Alt1** extl secured
40
36
MM
39
135%
.131%
-21
135%
135..
135% ft
126%
J-J
AInc mtge 4 Vis'ser A.
July 1970 ftft/ftft
lABoston A N Y Air L 1st 4S
1955
ft,
Bklyn Edison cons M 3%si-i
1966
Bklyn Union El 1st gold 5s_
1950 ft.ftft
A;
>.
V
(City) 8s_——*; .1952
Stamped pursuant to Plan A
5 a San
i,
tuna «s—. .1964
duei
8*west Div 1st M (int at 3Va%
Cons
*
JP
*
r^K AA-.l^'ft'.AlAj
40
A?.;, ^
J-D
104% 106 Va
J-J
•
stamped pursuant to Plan A
.
(Int reduced to 2.25%)___ .2004
<■".
46ft
39
'
,
"mm
AAftft'-'- '
44
*36
III®
Stamped pursuant to Plan A
.2004
(Int reduced to 2
,
1946)
lBost.ou&MainelSfc5s)AC-i—J.1967
ft. 1st M 5s series II—
—1955
$' 1st gold 4%s series JJ
1961
ym t/a
-
..
.
91
.ftft'ft'ftft
■
.
to Plan A
2.5%)—Wij.1999
107
104% 105%;
; 104%
J-D
Bell Telephone of Pa 5s series €—.1960;
{Beneficial Indus Loan 2%s----—-1950
ii ,2% a* debentures-*—-—-i—i. 1956
! Bethlehem Steel Corp—*
ft
ft ft.
'
Stamped pursuant
102
105%
M-S
{Beech Creek Extension 1st 3 % S——1951.
.
42
1
v'••M ft.'';ft-1'.'ftft'
'
(Int reduced to 2%
100
39
M-N
ft
__19S4
Bangor A Aroostook RR—<• ft;
ft;? Con ref 4s—*.——
ft
4s stamped
*41
A-O
2
AA-2.A
J-D
July 1952
A—
Sep I 1946) due..——
to Jan
■:;i- 070^.
A
<Iut reduced to 2.375%)_—2001
77 AExternal sec 6%s—.—
1953
7 Stamped pursuant to Plan A
"
A-
93%
106% 107
M-N
'if- Toledo Cin Div ret 4s A——Ji.—1959
103 Va
46
A-O
V'
..
1946)
Dec
;ft:ft' -.Ref
x''—:;rn43',,5,;';43
;
;
A-H h,.
1
A Conv
~
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;i ,*H
se
106%
93%
101% 101%
"fftftft; Pgh L E & W Va System-* ■"-ft'.. ;< '■ -v
ft*;
F-A
8s_——1946
AftvA Stamped pursuant to Plan
;
A" 'j'y.y **.-%••/
.'■•
106
Nov
(int at 1%^ toft
Sep 1 1946) due—.;
.2000
'\ i'' \ $•:
.1966 %
r.
106%
ft: 93%
A-O
1
(int at 4% to
due__.-:__July 1048
Ref St gen ser F
;
*38
to Plan A
i
2.25% )*-—2006
Stamped pursuant
es¬
Ref & gen ser D
.
24
19Va
6
23%
41
*39
(Int reduced to.2.375%)———2001
t
4
to
...27Va,. 35%^
,
A.22
'AA;Vftftii**s:;A;
.jcojs
Ref & gen ser A (int at 1% to'ft'
Dec 1 1946) due—......—1998 '*■
Ref 8t gen ser C (int at XY»%
ft,
24
19 Va
2
24
Oct
(
f,
,
19 Va
26
"
.ft'ftvis *32%
■
■.
.
.July 1948
Stamped modified bonds—-ft '*• ft*
-
■'■
f A-O
104 Va 104%
ftftft.r-yft
1963
4#
cons
unified 4%s
Baltimore A Ohlo RR—
m 1st mtge gold 4s
*4%
A *21
A-O
,
106'/a 106%
104 Va
Af-N
Atlantic 6c Danville Ry 1st
4s—*—1948
Second mortgage
4s———1948:
5
"V» A4l/a« assented ——*-*—1968
a External sink fund
gold 8s
1950
'ft 106%
103% 106%
103 Va 105 Va
105% 106%
92%
98%
B
31%. ;.
28
A
ft, .ft*'ftv.r'
108%
'4
48;%
27%
29
A-O
A A-O
*—*.1958
-
153%
103
*
123
101%
•
:
106%'
100;
99 Va
31
4
•
49
-
*39
*»»■«-».
289
M-5
due——*-*__1975
1st mortgage 3%a
102%
101%
10
99»/a
A?: ** ft, "'-'
—
28%
147%
105
151% 153%
106
106%
.
Q-J
1st gold 6s_——1948
Charlotte Air Line Ry—-
&
Atlantic Coast 1st
106
Stamped pursuant to Plan A
a
100V4
108%
•■•A-v'V
/8
*105'/«
ft.';.;
'
Jan
Atl Knox & Nor
106%
99 Va
101 Va
—
99\'z
3-D
—-1967
7s
*101%
M-N
•
Adjustment-gold 4sfti__July 1 1995
Stamped 4s„.
__Jhly 1 1995
Atlanta
105:.
7
ft
107
A;vA3ft:
102%
102
102 V*
A-O
(Rep) extl s f 58 6erA_196'j
AStamped assented 5s
—1963
Stamp mod 3V«s ext to_—
1994
7 Ext
(Subordinated)
X
105
,
AA
S9Va 100
J-D
103
103 Vi
106Va
Aftft=AA 14
AftftftlA
105
F- A
■
1970
1958
AP8nama
"
Co
ft
101 Va
106 Va 107
A-O
.1965
-
f 5s
s
.153%-
A-o
:
—1998
High
107 Va
A-O
—196';
6c
January 1
-Low
100%
A-O
—1969
—*
gold 4s—-
Atchison Topeka 61 Santa Ft—
General 4s.
:
''
Municipal Bjink extl
Range Since
.
Sold
No.
High
107% 108%
ft:1073/4
•F-A
(111)-"ft.
1st mtge 3V4S series E—****—1964
ft'4%s cum income debs ;
'
.
102% 102%
■
A-O
Bonds
Friday's
'
.A
; 102 % 103%,;; r,#'S9j
■FtA
...
Jfef-S
1962
1st
•
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.
*
3s—.:
Armour
40
40
J-D
ipso
deb
AAnglo-G'hilean Nitrate deb—
46
or
Bid & Asked
*101 Vs 102
M-S
_i.-'-"_„-i-l975
'tobacco Co
ft; 3s debentures
*39
_*
debentures
Ann Arbor
39'/a
39'/a
*-
1952
,4s sink fund extl loan
•
%•
2%
• .■
^
Last
Sale Price
A-O
2%s debentures-**—*-ft-_*.„I>1980
ft;
.
—■
4V4s
fund
sin*
i
__
4%s—*.7*1956
(Kingdom of)
11
14%
i
External i t 5s«.:——.,—*—1957
tixternal s f 5<s__
1958
Norway
A7
7s—
(State)
10%
46
*—
—
_
.ft..,::-...
r,v_
Alleghany & West 1st gtd 4s—
1998
Am & Foreign Pow deb 5s__*
*2030
American Telephone <te
Telegraph CO.—
3s conv debentures—-**-*.*-*..1956
13
A
Week's Range
Friday
Interest
Low
/
A Sec external s i b%8__ —1959
Stamped pursuant to Plan A
,
tint reduced to 2.125%)
2008 A
New Soutu Wales
;:.;,;35ftft
1-310
1
Amer
M'3
New York 6
Period
18%
17
'
2.125% )—-2008
to
IOV2
7-h
V
(Int
10 V2
;
12%
A 2" '
ft
-*15
—195t
fork Stock Exchange
Bell Teletype—NY
High
Low
No.
13
-:?.v "W/2
__
Stamped pursuant to Plan A
•
7
Sold
13
-
,
,
-
jZJ
Nov.
to
5, 1942, agree
fATreftsury 6s ot 1913 assent—.1933
A Absented to Nov. 5, 1942, agree
%
—
New
BONDS
New York Stock Exchange
Range Since
January 1
Bonds
'■*
,
-
Week's Range
or Friday's
Bid & Asked
Low
High
Last
Period
Stock Exchange
Membert
61 Broadway
,
Telephone—Digby 4-4933
Friday
BONDS
New York
PFLUGFELDER, BAMPT0N & RUST
27 State St., Boston 9
Telephone: Capitol 8950
Teletype: BS 169 •'•{■•■
Broadway, New York 4 . . ',
Telephone: Digby 4-1388/AAftAAvAyAftA;ftftft7'ft
•.r.. .Teletype:.; NY 1-86
A ft;", A 'ft {A ? :
ESTABLISHED 1926
I t
Reorganization Securities
106
..*112% 113% ft
THE COMMERCIAL & FINANCIAL CHRONICLE
lvionaay,
reDruary % iy^o
NEW YORK BOND RECORD
RANGE
BONDS
York
Interest
Exchange
Stock
Last
Period
New
Sale Price
or
Co—plw
tmesapeaxe & Ohio Ry—
General
Ret
impt mtge 3%s D
Ref & impt M 3%s series E
Div
1st
gold 4s—.—
(AChicago & Alton RR ref 8s
inc
mtge
A Gen
{Chicago
ARefunding
ARefunding
j'3
A 1st
& gen
A 1st & gen
Els"
56
106
1071/4
106% 107
43
106% 107%
Ed W Til
128 i/a
63%
•
J-J
Z—'
1985
r
F-A
1956'
gold 5s
7 l:
116%
J-J
86
}
m-n;
105%
85%
.
,101%
117%
*140
120%
Railroad
Co—
A-0
—1.^.1962
—
75%
20
2015
•97
kp-'
.
cons
mtge 3%$
ser
E
.—1964
cons
mtge 3yas
ser
F
.1990
cons
mtge-3!/B5
ser
cons
97
J-J
97%
86
94
82
24
751/3
127
1
J-J
127
120
J-J
i
M-N
120.
115
H'v
112
2
115
22
120.
22%
26%
65
25
103%
105%
105;, 105%
24
102%
105%
11
104%
105%
30%
102%
48
100
102%
89%
42
85
88%
2
88
106%
4
104
Z
*106
i&'-Sk
| S .V'>.'7':!• ".''
jleb—
$ y.
'
1061
AT-N
1943
J-J
105%
104% 105%
*105 >: 130
'102% 131:
J-D
102
M-S
89
ACertificates of deposit.-——.
Francisco Sugar coll trust 6s
1956
;
88%
.
106
3
■'
Chicago Ind & Sou 50-year 4s..__1958
J-J
*107%
-107%
_.
{
18
V.-
LL
{Florida East Coast 1st 4%S—1959
A 1st & ref 5s series A—
.1974
3
115
'/'TOOL'/
70
29%
103
104% 105 %
J-J
♦
{AFlorida Cent &.Peninsular.5s
Certificates of deposit
25
98
'105% 108%
J-J
M-S
H
ser
Firestone Trire & Rub 3a
23%
i
30
100% 102
68
M-S
127
106
A-O
..—1953
2s
97%
82
29
■
J-J
4
;
102% 103 "
G._—...2000
•V..'
^
.
1st
5:1st
101%
80%
•81%
23
J-J
/* Ohio Div 1st mtg9 3y4«———.-1971
88
.99
J-J
fir'pr'p
■
inc 4Vis series A
1st
106 Va
,,105
192
'
102%
106%
'.
J-J
J-J
J-J
A-O
118%
/;/, 10
88
101% 101%
MrN
M -N
1998
J-D
'
118%
6
-v
High
M-S
Empire Gas Si Fuel 3%s
118%
Low
No.
1970
Ifcrie
118% 118%
•
ppp'- •105%
RR—
,
■
•
,
High
El Paso & S W 1st 58—.—J—.1965
;
64%
118
Div 1st 5s
cons
1st
.
F-A.
Sale price
I960
*l25;%'&i:33
A-0
1st
t%, 5s. Btamped.—1
'
—
(NY)
4uto-Lite 2y4s debs—
E1&— Aliet & East Ry 3'As
Geu .ntgo
4%s—...__ Jan 1 2038
Louisville Ry-*6s ser A
-1947
gold 5s series B—1847 3
4s series C
1947
5s series A
1660
6s series £
May 1966
Ind
1457/a
*ioiy»
inc mtge
Y ARefund^ig
144
*
p-'tLast
49
481/a
103% 105%
J-J
Friday \ Week's Range
! 3333
3 or Friday's ^ Bonds' ^RangeSince
, Bid A Asked
Sold
January ! ;
♦
Interest
Low
11
J.J
(conv)—4-
33333
High
144% 145%
106
106%
J-J
Y
1997
1st mtge 3%s ser B
1985
Chicago &c Erie lsc gold 5s
1982
Chicago Gt West 1st 4s series A—l^RR
Eastern 111
&
A Gen
t> Ppp. K
Exchange
Period
F-A
1977
ref mtge 3%s__
1st &
Chicago
Stock
M-N
a
Chicago Jts urling ion & Quincy RH—
General 4s
1958
1st & ref 4%s series B
York
ftast Tenn Va & Ga
1946
gold 4s
cons
New
10
1989 5,
1989
1949
Potts Creek Br 1st 4s
2d consol
M-S
Low
X
104% 105 %
MpPpB O N D
$ I '7'-
—1992
11990
—1996
.
&
R & A
J-J ;
1-
January 1
No.
fi:
40
'
gold 4%s
FEBRUARY
Range Since
Sold
High
4Q
5s
stamp (partial redemption)—1942
Champion Paper & Fibre deb 3s—1965
Bonds
Friday's
Bid & Asked
Low
SACentral RR & Banking
ENDING
Week's Bangs
Friday
-'.mm
WEEK
FOR
90
%
88%
106%
107%
Chic Milw St Paul & Pac RR—
serA...———1994
4%s ino ser A Jan 1 2019
J-J
105%
J-J
105%
Jan 1 2044
f-3
1st mtge 4s
Gen mtge
.
4%s conv inc ser B_
105% 105%
.
95
,:■=
105% 106
93
51
•
105% 105%
196
.
103%
588
.
95%
86%
2nd
J-J
1st mtge 3s ser B—
J-J
mtge conv inc 4%s._Jan 1 1999
.—1989
ISAChicago Railways 1st 5s stpd
25% partial redemption.
1927
{Chicago Rock Island & Pacific Ry—
;
A General
of
951/2
387
8
106%
15
66%
M-S
1952
'104% 106%
69%
121
.72%
93
Memphis Div 1st gold 4s..
72%
81
•
277
35
32%
*106%
358
69%
.
General 5y2S series B
35
:
107%
3-D
101% 102
:
i
3-D
106
M-S
Dec 11960
97
100
10
97%
1st
mtge 2%s
F
107%
107
\
1962
107%
111.
111%
1952
4s__
com
1st & ref 4%s series D
106
21
111%
,106
104% 105
'
26
102%
J-J
J-J
137% 137%
136%
137%
J-J
129
130
J-J
109% 10912
127%
109%
106%
107%
121% 121%
121%
130
J-J
106% 107
J-J
*106% 107
mtge 3yas ser N
J-J
107
1943
§ADebentures 5s part paid
tAChoctaw Ok it Gulf cons 5s
1957
^
4
t
Cincinnati
1st
\x
'
1
r
r
2%s
107
105%
106
104% 106
Feb
*80
Greyhound Corp 3s
111%
Gulf Mobile & Ohio 4s series B_.
*
—
Gen
106%
1969
debs
1959
Feb
16%
A-O
104
1975
J-J
J-J
16%
17%
104
coll
tr
4
;
103%
104%
106%
102% 103
105%
106%
102%
98%
99
97
91%
89%
1990
Pittsburgh RR—
3%s gtd
1948
;•
*106
3%s
1950
|
*106%
Cleve Short Line 1st gtd 4%s
Oleve Union Term gtd 5%s
1st
s
f 5s series B
1st
s
f 4%s series C
1981
—
1972
gtd
108%"
1973
1977
106%
1980
;
Ry.—
modified)
Columbia Gas & Elec
deb
103
A-0
103% 104
103
104
M-N
109% 109%
108% 109%
82%
5s
1961
gold 4s
Columbus & Sou
Columbus & Tol
1st
extl 4s
107
82%
debs
mtge
3Vis
—
.
series
3s
■
*115
—1968
1950
1951
Louisville Div St Term gold 3%s.l953
Omaha Div 1st gold 3s
1951
'-4"
109% 109%
1951
*111
Conn River Power
1961
*105%
f 3%s A
s
Consolidated Edison of New York—
3%s debentures..—.—1948
8t. Louis Div & Term gold 3s
—
1951
Gold 3%s
—LL-—1951
Springfield Div 1st gold 3V»s
1951
Western Lines 1st gold 4s
;—1951
.
'
3%s
debentures
a-o
—i—...1958
3 %s .debentures..,
a-o
——1958
{AConsol Ry non-conv deb 4s..—1954
102%
1021/4 102%
1031/2 104
•
j-j
j-j
ADebenture
4s
A Debenture
Consumers
1st
j-j
j—1958"
27/8s__1975
Baking 3s debs
1965
j-d
3y»s
f
s
debs—
1st 5%s
ADeposit, receipts
1942
107%
3
•
*59
*86
■/i;;
•
48
iua
108
III
81
1st
gold 4s
{AInd & Louisville 1st gtd 4s
29
88
{International Great Northern RR—
Alst 6s series. A—1952
3'3VL;3
A
1
Adjustment
51%
101% 101%
6s series A—July 1952
B..————1950
Alii gold 5s series C
—.—1950
SAInternat Hydro El deb 6s——1944
Internat Paper 5s series A & B—1947
Ref sink fund 6s series A
..1955
Int Rys Cent Amer 1st 5s B
1972
Int Telep & Teleg deb gold 4%s—1952
/ Debentures 5s—
.—1955
Alst
5s
series
•
Dayton Pr & Lt 1st mtge 2 %s—1975
Dayton Union Ry 3%s series B_..1355
Deere
&
2%s debs
Co
Delaware,
•
N
Lack
Y, Lack
1st
&
Morris
West
RR
& Western div
ref
Income
&
M
5s
mtge
&
ser
i
{Denver & Rio
5 A 1st
'
consol
SAConsol
&
-n
1963
■
m-n
4s
1973
m-n
m-n
101
.66
67
>70
73
j,
p—
j-j
1936
72
J-J
33 79
.
•;
78%
79%
f 5s
s
F-A
,_1953
Edison
101%
79%
79%
80
136,:
,
8T
3
79%
70
80
18%
19%
117
14%
17%
19%
18%
361
15
74
18%
76
63
76
A-O
107
107
1968
m-s
108% 108%
ref 3s
1970
j-d
109% 109%
j-d
70
j-d
31,
1901
m-n
118
,5
*49
Tunnel 4%s
-
Dul Miss & Iron Range
Ry 3%s
{8ADU Sou Shore & Atl gold 5s
1962
A-O
1937
J-J
Duouesne Light
1961
j-j
For
68
74
ref mtge 3y2s series G
81
..733";
18
&
H
1st
footnotes
M
see
3%s
page
676.
70%
;.
3
10
3
118
11
106%
Kansas City Fort
:
H
:.L.3
20
104% 104%.
31
103
v:-»
34
M-N
100%
106% 107
95%
94%
V-
95%
104%
106%
106%
10.4
100%
105%
102%
107%
3
93%
96%
102%
149,
102%
*105% 111%
3,Z—
;•
103%
102
51
100% 102
107
J-D
1
104%
33
103
M-N
F-A
104%
5
'
102% 102%
J-J
J-J
*104%
F-A'
101%
'
J-J
2
105
F-A
.
—
J-D
J-J
98%
*105%'; —' 3 ?
97%
•
J-J
P:.
,
105% 105%
*110% 114
'
M-S
■■
LL
A-O
97%
A-0
52%
95
104%
2
,3 105%
102
3
M-S
M-N
105 3'a
'
1
125
-3.'
•
103
F-A
105%
.
30
92
96
103% 103
105 372
*100
144
P
27
106
104
24
102%
99
94
105%
105%
112
82%
100
106%
3''V
106%
53%
90
J-J
■.
23
92
95
95 Vi
:mv*
J-J
.'•••
45
98
51%
92
J-J
ArO
92%
4
90
J-J
96%
'
—
106% 106%
J-J
'
v
•111
105
-pp
100%
3:/;84'/
:'
104% 105%
C v-/v''.y^
.
126
98%
*94% 100
105%
J-J
105%
V
33
104%
;
102
v
T-
100% 102
102
.
104
..
*104% 106
—
.
102
101
105
*103%
^;
•
103%
101%
21
101% 101%
J-J
.
103
—
101% 101%
Zw;! :>'"VT
J-J
3
107%
98
48% \ 53%"
76%
92
77%
;■ 95
92
97%
103%
98
103% i '
100%
' :
102
103%
106
101%
103%
105
105%
111
105
105%
J-D
J-J
[-JC ::;L'L-L
109
109%
70%
49
117
1936
3s^—1950
1975
Kansas City Terminal Ry 2%s
1974
Kentucky Central gold 4si
1987
Kentucky & Ind Term 4%s
1961
Stamped
1961
Kansas City Southern Ry 1st
v
1st mtge 4s ser A___—.—
4%s
--
33;
98
100%
104
105%
99% 100%
*104
105:
K zipii 311333 3':33
*107%
A-0
A-0
83%
83%
J
107%
A-O
unguaranteed
Kings County El L & P 6s.
Koppers Co 1st mtge 3s
tAKreuger ft Toll 5s ctfs
85
104%
-81
82%
106% 107
A-O
A-O
' V-t
,
107%
83%
85%
83%
105%
107
104 Va 104%
1041/a
104%
105% 105%
1047/a
105%
J-J
697/s
i
*120%
J-J
J-J
J-J
J-J
65%
70
v
*109%
1961
70
*108%
1961
Plain
;
63%
gtd gold 48—1990
100%
33
Scott & Mem Ry—
I ARefunding gtd 4s
ACertificates of deposit
107%
108%
109
*105%
-—1997
1964
..1959
M-S
187%
A-0
A-O
106% 106%'
*5
6
15
106
4%
106%
4%
118
106%
'
52%
.
45%
*106% 108%
105 %
y
•'•
3..
•:
._
104% 105,
104%
J-J
67
66
18% 3
107%
Laughlin Steel 3Va8
Kanawha ft Mich 1st
:
5
&
Term
64
312
A-O
Gen
series
333
*65
v"'
-
M-N
101%
...
Gen
Detroit
100%
66
:
&
vX:v.?..LLfe;.
1968
F
104% 108
7
J
4s——1959
1961
James Frankl • & Clear 1st
Jones
F-A
4s series
M-S
A-O
106
106%
/
12
...
Detroit & Mackinac 1st lien gold 4s 1998
ASecond gold 4s
1995
:<
rH O
,f;
1978
A Assented
ARef & impt 5s series B
Detroit
33
104%
90
*108%
■■
:3.3
,;.i :■
66%
A-0
103 3 106%
2
105% 106%
{Denver & Rio Grande Western RR—
A General
37
106
101%
.
:
1973
1936
4%s
106%
,
Grande RR—
gold
106
106%
May 1 2042
3s
*
•
division
Light
106
*103% '
v/,-
-
19931
due
Essex
Power
106%
j-d
a-o
Co—
-
C
Coll tr 4-6s—
Delaware
a-0
.1965
Delaware & Hudson 4s extended
'
3."
..
104% 104%
J-D
Indianapolis Union Ry 3%s ser B.1986
Inland Steel 1st mtge 3s series F—1901
*103%
■
A-O
J-D
15
49%
*48%
J-J
1963
:~1970
1950
1950
23
;'>47-;3: 47 -•
1955
Iowa
*105%
'
60
48
>3- 33;
107% 108
J-J
..1963
4s ser D—
Illinois Terminal Ry 4s ser A
1031/a 103%
1946
.—1946
A6s ser B deposit rcts_Curtis Publishing Co 3s deb
1st ref mtge
J- 3'v-V"' •"
/■
j-j
.
.
1st & ref 4%s series C
1
104% 105
j-d
...1952
v33'f";1
J-J
.
6
75%
107% 107%
103%
/
—...
ACuba RR 1st 5s gold—.
v.''/ ' A Deposit receipts—T
A7%s ser A deposit rcts__
m-s
—
——
106%
*68
j-j
1955
Steel
lACuba Northern Ry
Registered
HI'Cent and Chic J3t L & H O— 1
;'
7
Joint 1st ref 5s series A———1963'
16
75%
•; 75%..
j-j
mtge
6
325
75%' 75%
..
4s——.——,—.
Power
Continental
Crucible
1955
106
1958
40-year 4%s
;
Cairo Bridge gold 4s
Litchfield Div 1st gold 3s
134% 137%
1977
.
Refunding 5s
'
1958
-
L
Feb 1957
—
103%
Commonwealth Edison Co—
1st
1st 5s A—1957
gold 4s——.—1981,;
1st gold 3%S
—1951
Extended 1st gold 3%s_—
1951
1st gold 3s sterling
—
—1951
V Collateral trust Sold 4s.——1952
Refunding 4s—
1958
Purchased lines! 3 % s——, 1952
Collateral trust gold 4s...
1953
110% 110%
Conn Ry & L 1st & ref 4%s
1949
1st
*106% -Li
.1998 %
1970
1962
Illinois Bell Telep 2%s series A—1981
__
103
1970
gold 5s
Illinois central RR—
81%
1948
Ohio El 3%s
2%s
Corp
f 5s series A
—
106
103
s
1st
109%
r:'v'f
'...
Columbus & H V 1st extl
Conv
105%
& Southern
(stamped
Gas
AAdJ income 5s
108% 109
106% 107
—
Co
Hudson & Manhattan
106%
*115%
-
Hudson
99
&
gtd
1969
91%
106%
108
"106% 106%
109% 109%
109%
1970
:
Household Finance
Hudson Coal 1st
111% 111%
98%
98%
91
C
jp. ''VvV
105%
98%
D
4%s
112
90%
Series
Colorado
Gulf States Util 3%» series D
Hocking Valley Bf 1st 4%»—l.—199"»
{SAHousatonic Ry cons gold 5s
1937
112
103%
.
:>;ni%ip^
*121%'
'w.-
Series
,
v
1977 ,i'
gold 4s
17%
99
1991
_
Cleveland Elec Ilium 3s
Cleveland
59%
88%
1st 8s ref 3% s series D—-i—1969'
59%
56%
,
eo;
106
2015
mtge inc 5s series A
106
103% 107.
105% 105 %V
—
1993
Ref & impt 4%s series E
Wab & M Div let 4s
Cin
St L Div 1st
9
35
>112%
—
ser
General 5s series B--4
'L
99
56%
.
108
107
106% 107
J-J
'
G
.—1974
Cleve Cin Chic & St Louis Ry—
General gold 4s
<
1993
>
:xPP6y:f
110
J-J
Terminal—
Union
mtge gtd 3%s series E
1st mtge
z-v;
59
99
--
.
1975
j' ■
59%
59
106% 107
1952
Cine Gas & Elec 1st mtge 2%s
,
*58%
x'
122
106% 109
107
'
{§AChilds Co deb 5s part paid
105
*102%
107%
110%
3 106
23
M-N
J-D
1990
108
104%
17
V
106%
_
1952
Gen
96
107
107% 108
—1963
G
ser
Chic & West Indiana
1963
...
.
mtge 3yas ser
2000
AGreen Bay & West deb ctfs A.——ADebentures etfs B
96
Chicago Union Station-*
1st mtge 3%s series
,L.Ji
..
Gen
105% 106,%
96
97%
5
89
J-J
Gen mtge 3!/as ser K
i960
Gen mtge 3%s ser L——1970
Gen mtge 3y2S ser M———1980
102
-
97%
*96%
;
-
16
106
3/82%
J-J
General 5s series C
1973
General 4%s series D.——1976
General 4y2S series E
1977
81
28
105%
—
J-D
.1951 /
guaranteed 5s
78
•
33%
J-D
Chic T H ft Southeastern 1st 5s___I960
ACertificates of deposit
79%
,
92%
-
56
J-J
..Oct 11045
Jx
mm
—
106%
92%
62%
916
J-D
M-S
1949
i, Certificates of deposit-^
ISAGa Caro & Nor 1st ext 6s—1934'
Certificates of deposit
Goodrich <B F) Co. 1st mtge 2%s.l965
Grays Point Term 1st gtd 5s
..1947
Great Northern By Co— <
4
^:i2M
M-N
_
95%
,
68
-
AConv gold-4%s._Y.—
1960
Chicago St L & New Orleans 5s
1951
t,
Gold
3%S-^—
L—.
.—1951
L93%'
Steel
Castings 5V2S
{AGeorgia & Ala Ry 5s
68%
66%
104%
~A~6
1934
Gen
106%
x
Z'Z'' -•&'
I ARefunding gold 4s
§ASecured 4%s series A
Income
95%
106% 106%
68
J-J
deposit
94%
W$®£§.
F-A
—1988
4s
ACertificates
95%
Gas. & Elec of Berg Co Con8 88—i-1949
General Realty & Utilities Corp*-;
:v
A,4s conv inc debs—
—.....1969
106
Chicago dr. North Western Ry—
106%
52%
6
52%
104% 105%
58
104%
54
Lake Sh & Mich Sou gold 3%s
3%s registered.....
*
105%
1997
1997
*112% 113
110
112%
110
108
110
110
1
A
-Number 4461
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
'
il'SliMlflNEW- YORK: BOND
'
Stock
New York
Interest
Exchange
Last
:
Sale Price
Period
WEEK
ENDING
FEBRUARY
Bonds
Range Since
Sold
>
New York Stock Exchange
Last
Period
Sale Price
HigJic
Low
A 1st
F
S
,1975
Navigation
ser A
Coal &
70
69
-
.1954
stamped—.....
*
.......
Val Harbor Term gtd 5s
Leb
Lehigh
Valley N Y
4Vis
L.
.
.
;
93
94Vi
941/2
95
vV..
A
'A?
l:
4 Vis
5s
deb
1st
92%
65
51%
65
58
.2003
60
51
60
N Y &
•:
m-n
.2003
j-j
75%
154
67%
78
78
144
/ 67%
78
74
75
316
65%
75
•
>
1948
j-j
79%
83
249
72%
83
1940
A-O
89
90
101
87%
90
1957
M-N
40%
44
771
34%
44
j-d
78%
81
317
71%
8
109%
series of 1927___1967
N Y QueeniS El Lt & Pow
N Y Steam Corp
73%
*133%
86
•
90%
-
119% 119%
133%
120
Norfolk
107%
107%
>
1960
Southern
110%
100%
.
2003
A-O
103% 104
PaducalL Si Mem DiV 4s.,..——.1946
Louis Dlv 2d gold 3s
1980
fra
1st & ref M 27/as ser G
*118%
m-n
1958
4s
II
*104%
M-S
St
44
81
101
..
118%
-
15%
105%
4
86%
90'A
3
105%
1071/4
5
105%
108%
74%
18
40%
41
29
29%
97
97 -■'
97
39%
f-a
42%
j-j
>■
.
i.
:..
ai
m-n:
a
us
:■
v..
■'
106
39%
42
11
29
31
A'A 7
97
98'A
3
10&
10
•;
42'/a
32%
873
,lQ8%109y^
—
75
72
108'/a
;
Ry Co—
1998
1
Vi
mi:
M-s
q-j
q-j
123%
Gen Hen ry St Id gold 3s....Jan 2047
3s regl stered
...—...2047
Q-F
88%
q-a
Ref & imot 4Vis series A
j-j
j-j
j-j
M-S
105%
Central gen
2014^
Ref St impt 5s series C
2047
Ref & impt 6s series D
....2047
-Coll trust '4Vis-...^^..—;
i.1975,
A1001/4 103%
63
67
59
591/8
1
1357/a
137%
123% 124
120
124
117% 117%
115 Va
117%
87%
88%
85 Vi
84%
85
82
63%
"
67
137% 137%
)'
m-s
.2047
4
102% 103'A
67
t
12%
1027/a
90'A
106
'
*•**-'
a.
V
99
33
74
•
.•
w
,
119
26'/a
21'A
389
107'/a 108%
'
f-a
1966
llO'A
29
m-n
a-o
f
102% 104
90
j-j
.1946
15
105% 105%
j-j
1940
.1943
25%
13%
*****
a-o
1937
110%.
23%
23%
:='•.•
Gen & ref 4%s series A
;
1974
Northern Pacific Ry prior Hen 4s
1997
4s registered......—.—...._._1997
104,
101
112
110
•" ••Vi":
a-o
112%
112%
a-o
2,^
Ry 1st gold 4s_1996
& ref 5s
1974
:
2003
y
m-s
)/
105%
107% 107%
T07%: 107%
Louisville & Nashville RR—
ref M 3%s series F
j-d
1965
mtge 4Vis series A
AGen mtge 5s conv ino
North
105, ' 106%
104
104% 105
304%
j-j '
m-s
m-s
1863
1st
i
120
119
106%:
106
1969
119%
*118%
F-A
1992
1937
Niagara Falls Power 3Vis
—
107
M-S
3%s._
1st 3%s
*8 AN Y Susq & W 1st ref 5s.._.
8 A 2d gold 4%s
)
{AGeneral gold 5s
:
/ ATerminal 1st gold 5s
MAN Y West & Bost 1st 4%s
133%
118%
—:■
*118
M-n
91%
/
106 %
a
4s___June
62%
106%
3 Vis
ref
Light 1st mtge 2%s_1975
Putnam 1st cons gtd 4s
1993
69
89%
A-0
■r"
m-n //.v
1-955
Wesr
4s
62%
107% 107%
Atl Knox & Cine Div
1956
52
A-O
Lorillard (P) Co deb 5s..——.1951
3s debentures
1963
v
75%
54%
107% 107%
&
m-n
62%
M-8
1st
1956
4s
Norfolk &. Western
.
78
69
M-S
series
75%
73 Vi
:A-o
....1949
........1949
Eiec
j-j
60%
65%
.2003
1st 5s
.1955
71%
m-n
.2003
Guaranteed ref fold 4s__
&
7<f%
65
"N Y Power &
4s
& Ark
65%
56
6s__,
tAN Y Out &
88%
61%
m-n
.
Louisiana
77%
12
75%
1954
91%
V90Vi
a j-j
Lehigh Valley Terminal Ry ext 5s.l95i
Lex & Eastern 1st 50-yr 5s gtd
1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A
1962
Long Island unified 4s
1949
Louisville Gas
70%
74%
73%
4s
AGeneral
stamped—
50
73%
A-O
{ACollateral trust 6s
A Debenture 4s
4 80^ 86%
86
83%
F-A
.2003
stamped modified
76
M-S
LA Harlem River & Port Chester—
.1950
registered
deb
f; Alst & ref 4%s
;
Lehigh
Valley RR—
4s
stamped modified
4s registered
4Vis stamped modified
77%
1947
.1954
Debenture certificates 3%s
AConv
'
.1974
.1954
ext
95%
'
96% 100
y.:j. v
1st & ref sink fund 5s.—— .1974
5s : Stamped-.
93%
A
101%
High
3%s
;
rp ANon-conv deb 4s
ANon-conv
Low
.
3%s
deb
deb
i:
January 1
No.
M-S
4s
V.1 ANon-conv
105%
Range Since
Sold
High
1947
deb
:
100%
^951/4.'-..
.1964
stamped!...—
A N on-con v
ANon-conv
104%
*101%
& ref sink fund 5s—.——. .1964
lst
/A:-5s
76%
.ZV
<■101%.
>1954
/Alst & ref sink,fund.
69
1$
105 Vi 105 Vi
-1970
Lemgh Valley coal Co—
5s
r;;i : 6
AyA'A,
....
Co.—
mtge 3%s
Loxo
High
tN Y New Haven & Hartford RR—
.AAAA
mtge Income reg
Lehigh
Low
Bonds
Bid & Asked
;
*
Lautaru Nitrate Co Ltd—
Week's Range
or Friday's
Interest
January 1
No.
675
1
Friday
Week's Range
or Friday's
Bid & Asked
Friday
aa;?/'/ bonds
FOR
'
RECORD
"
RANGE
V
A A
*137%
*130j/8
89
85
107%
106% 107%
105%
107'%
108%
108 %
107% 108%
108
108%
105% 106 %
107
108%
107'/a
109
105%
106'/a
Northern States Power Co-^
/
1st mtge 2%s—
.1974
1st mtge 2%s_
RR
Central
1st
4Vis
1960
a
ser
A Manila RR
1959
lOgdensburg & Lake Champlain By—-
A-O
4s__1936
F-A
(Chic)
105%
106%
101%
103%
26%
26%
27%
59
59%
*106%
M-N
1950
El
II
103% 103%
Metropolitan Edison 1st mtge 2y«s_1974
5Vis
95
A-O
Metrop Wat Sew
t§AMet West Side
Drain
87%
95
26%
Alst
P 1st mtge. 2%s
lmpt 4 Vis series C—.
1st 4s
112%
93%
A Cum
adjust
5s
81
80
81V
j-d
97%
97%
99
101%
114
105
1978
D..
series
j-j
j-j
97%
G
98
97
166
-
'>94-;
105%
107 y*.
100'/4
100'/4
108%
109 '/a
109%
104%
Pacific
512
58
M-S
102
101
103
495
95%
1978
101
103
159
95%
.1949
.1980
M-N
I 41 Vi
43
333
39 Vi
100% 103
138
96
102
101
40%
F-A
102%
A-O
'* " \ J/Vi "*
&
ref M
3s
1
J-D
1971
j-d
Chatt St St
Steel
NaJonal
91%
mtge
F-A
*106%
.L
A
*102%
M-N
New
m-s
N
J
New
81%
82%
79%
83%
106%
106%
M-N
*—109%
104% 105
105
105%
N
O & N E
A
4Vis series E
1984
^Cony deb 3 % s
———-—^.-1952
Gen mtge 3Vis ser F.—....
—1985
^ *C - r ' '
1
•%'
^
'' 7 £•'; ' y -i > ^
r
Peoples Gas L & C ref 5s..——1947
103% 103%
25
1945
-100% 101%
22
1952
112% 113
1961
125% 125%::
1986
107%
*108%
series
Certificates
of
97%; lQlVi
111%
1141/4
8
125Vi
118
126 %
118
107%
io6% 107
107% 107%
108
3
*•;
106%
108
4
>:
107%
107%
108% 109 "
107%
109
——.1983
L{APhilippine fty 1st s f 4s.—...1937
3s
83%
6
83%
83%
A':/;
.
d
■"
"5
'
A-O
•
98
100
-48
100%
„97% ,98%
F-A
96
A-.
■
'
4
:
.100
•
> v
6,3
83%
84%
84%
92% 100%
A
Alst
of
:_1950
'
,
of
95% 5 v
'
5Vis series A
A Certificates
F-A
deposit
1954
a-o
"'•
"
'•
93%
i; -•;•: 33
95%
.V:
99'/a 100% "
100%
87
deposit
/
89 Vi
-m
95%
98
95 %
98
:
Central RR
Y
Ref
&
Ref &
N
Y
4s
series
A
1998
F-A
2013
A-O
;
96%
imot
2013
A-O
v:4
101%
1997
j-j
1997
j-j
1998
F-A
1993
f-a
"~1998
f-a
Cent
3 Vis
5s
series
Hud
&
C
River
3Vis
registered
Lake Shore
coll-gold 3Vis
registered
3 Vis
--
Mich Cent coll
gold 3Vis
registered
3 Vis
New
si
1993
York Chicago & st Louis—
Ref
mtge 3%s
series
D
N
Y
N Y Edison
1st
N
1980
Connecting RR 2%s
Dock 1st gold 4s
lien
&
3 Vis
ref
&
Harlem
Mtge 4s
Y
Lack
95
*89:
F-A
.
95,:
95%.
..
92
Gen
104% 105 %
110%
107
107%
95
98%
90
93
2
92%
96
92
106%
107
104%
105%
101%
104
1$
104
103%
104%
103%
106% 106%
106
105%
107 '—
Hl966
104%
1948
*—-,.111%
*107% 110%
series B
West 4s series A
H2043
1973
1973
pnn
*110
100
94%
100Vi
129%
21
127i/4
1271/a
A-O
130
3S
A-O
109%
106 y4
A
a-o
93
94
17
Apr
79
79
6
f-a
•107
m-s
105
105%
139
139
J-J
j-j
106 i/a
94
92
83
77
106'/a IO6I/2
'82
105%
104%
137
139
•
131
132
106% 107%
106'A
108%
106'A 106%
104'A
106%
106'A 106%
104'/a
106%
*133'/a
f
106%
j-d
m-n
106%
'l06
,) '3
106
109%
105%
11
106%,106%
106
F-A
130 '/a
128i/2.130'/2
107 %
164
108% 109%,
106%
106'/a
106
104'A
m-n
*103'A 104
103%
103%
M-S
*104% 106
105%
105%
106
/ :
& 105
25%
22
26
25
24%
25
20%
21
104'A 105%
::
105
Pittsb Coke &
Chem
!
1st gen 5s series B—
miBS
,st
gen
5s
series C
4%s series D
^Pittston Co
5 % inc deb—
1st M 3%s
1st mortgage 3 Vis—
Potomac
El Pwr
Public Service El & Gas
115%
117
118%
1st &
ref mtge 3s
90
94%
100 y4
1st
&
ref mtge 5s
lot
&
ref
mtee
8s
3%s
/..A
136
138
j-d
i
104 »/2
j-d
■
3-D
105% 106
101
101
101%
100
101%
•105
> 105
F-A
109
107
10O'A
6
■
A IO51/2
8
104'A
105%
98
%
101'/a
20
103
106
.
98
'A
101
15
A 98
Vi
101%
1
A 105
A
2
*127
105
*125'/a
*117%
A A-rAA
100% 101
J-J
106% 106%
*115
F-A
39
M-N
"3
99
2
106
101
1061/2
116'/2
40
142
32
40
*108
M-S
110
...
J-J
'
134% 138
A: 100% 100%
89
,
4 104% 104%
101'/a
100
A-O
a-o
6
13
102% 102%
*02%
J-D
;
136%
__
J-J
1956
126%
133%
*103%
3-D
.
126 y2
138
3-3
i'Fy.
■.■ii
108% 109
m-n
,
^
/1
136
138
108%
:117i/a m»/2
?U y '*
126% 126%
a-o
.
.
L
125
J-D
—1957
—.2037
*
—A
a-o
.-1977
1964
1966
1977
v
...
j-d
..
-1962
1974
1968
1972
2037
*114%
M-N
Pittsburgh Consolidation Coal—
■
3%s debentures
1965
Steel 1st mtge 4%s——;—1950- •
1st mtge 4V'«i series B
—1950 /
Pitts 81 W V* 1st 4%s .serie8 A—1958
V/Vlst mtge 4%s series B
..1958 1st mtge 4%s series C—
1960
Pitts Young & Ash 1st 4s ser A—1948 0
f
*106%^^-;
?116% —
*115%
f-a
E——---—1975
1st mtge 3V/2S-1964 y
JAProvidence
97%
23
A
130 ya.A.
f-a
cons
115%
118 Vi 118%
93 Vi
J
JAProvidence Securities 4s
Terminal 4s
121
*115%
136% A:
M-N
Pitts
103% 104
1949
&
rxnrr^
103% 104
127% A
136
129% 130'/a
f-a
mtge 3%s ser
106%
89 :
126
136V8
j-d
guaranteed gold
Gen
Gen:
•
1
-
4s
F
98%
99
11
"
*106% 106%
105%
97%'
100%
104
II2000
4 Vis series B
-
11
v/i' 13
98
93
163
•.,
107 V*
95
93
406
4
103%
2043
caa
109% 110'/a
107
300
A
;
1965
gold 3 Vis
fnnfnnfoc
98% A
96%
7951
series D
3 Vis
Mtge 4s series A
N
'
93
B___1975
series E
Y Gas El Lt H & Pow gold 5s
Y
98%.
96'/a
101% 101%
?
ser
Purchase money gold 4s
N
110%
—.1975
Ref mtge 3Vis ser E
N-Y
~~
98%-
126%
j-d
KA
Louis—
102%
Series
.
impt 4Vis series A
136%
J-D
y
*19
guaranteed 4%s__l964
mtge 5s series A^
—1970
mtge 5s series B
1975
-
N
129
124%
133%
J-J
-----
106%
127
32
,
1949
1953
Series G 4s guaranteed——.-1957
Series H cons guaranteed 4s.—-I960
Series T cons 4%s—..----i---'-—1963
Series
100 Vi
,
.•
debs.—...1964
Pittsburgh Cine Chi St St
Series E 3%s gtd gold
it
i
deposit
PfcUlips Petroleum 2%s
100'
deposit.
series D..
Certificates
of
106%
;
128%, 129
129
f-a
105 V*
106% 107
25
106% 106%
i m-n
106%
98'/a
.i
•94%
debentures
A Certificates
.
97%
.
86
.
Alst 4Vis
.—.196?.
106
104
106%. 106%
m-n
m-n
ref 2 %s._1974
1st and
';i2
.1051/4
m-s
& Tef M 2%S——
1st
'
106
J-J
.
& Eastern. 4s
PhiHp Morris Ltd deb 3s.,
A-O
.
ext——.——.I960;
AIncome 4s
Apr 1990
Peoria & Pekin Upton Ry 5%s
1974 y
Pere Marquette Ry 3%s ser p
1980
Phila Bait & Wash 1st gold 4s—
General 5s series B
1974
General gold 4%s series C
1977
Philadelphia Co coll tr 4%s
1961
Phila Electric 1st & ref 2%s
1971
103%
5
1983
B.._......._..__1954
of deposit
Certificates
•
__
1952
1950
99%
/
19
118
118
1974
a/a 1st 5s series
A
107%
•
1st ref & imp 4 Vis
5s
106
}
'
-Pennsylvania RR—
Consol gold 4&——^.^..-..1048
4s sterl stpd dollar
May 1 1948 .,f
i. Cons sinking fund 4%s.^.———I960
General 4Vis series A
1965
General Us series B
1968
ii
General 4%s series D
1981 -
1948
{New Orleans Teras & Mexico Ry—
i /iNoa-cum Inc 5s series A
..1938
ACertiiicates of deposit
Alst
105
105
*106%
Orleans Term 1st gtd 4s.._..1953
New
103
...1945
Orleans Great Nor 5s A
New
117% 125%:
"
111% 111%
.
..
105
89%
106%
105%
mvt mvt
119% 123.
120
106% 106%
A 106% 106%
M-N
j-D
M-N
A-O
86
104%
M-S
>
A-O
71%. .74%
•
110
105%
47
4-
110%
v,
:",v. 1st :mtge 3s__——1975
3s s i debentures
—
1965
88 Vi
1978
...
'
105%
103
86%
1965
gtd 4Vis series B
Junction RR gtd 1st 4s
Jersey P & L 1st mtge 3s
*104
102%
—
M-N
1968
England Tel & Tel 5s A
107%
J-D
73%
1955
1st
"107 Va
Pennsylvania Glass Sand.3Vis——I960
Pennsylvania Power & Light Co.—
72%
5s
Consol gtd 4s
68
22
106%
101 %
Peoria
cons
v
/ 106% 106%
*105
Vi ,109%
107% ,109%
v
110% 110%
100
RR gtd 5s
fANew England
25
j-j
1952
Gtd 4s series E trust ctfs
j-d
fANaugatuck RR 1st gold 4s-—1954
Newark Consol Gas
108
m-n
debs..—..i.1960
3Vis conv inc
93
106
:
101% 101%
1947
3s
108
5
Pennsylvania-Central"Airlines-~".
103.
91
93
J-J
1955
L 4s series A
1st
2
109% 110
) j-d
/
1955
1960
Paterson & Passaic G & E cons Ss.1949
110%
109% 109%
109% 109%
109 Vi-
j-d
11
109 Vi 109'/a
y
j-d
debs...—1985
Paducah & 111 1st s f gold 4%s
108% 109%
109%
j-d
.
Gen mtge
Nash
*100% 100%
108%
j-d
1974 p
Panhandle East F L 3s B
45
106%
J-D
1966
1970
series L—
Tel 2%s
Tel &
106'A 107 %
Pennsylvania Co-*-»
M-S
101
1
.1946
1st & ref M 3s series M
1979.
N.——1977 )
95% 102%
335
;
101% 101%
j-j
Co—
3Vis series I
ref mtge
.Pacific
64%
•
1958
3%s
;
102
A-O
...2000
series B_
60 %
58%
59%
j-j
1st & ref mtge 3s ser
103
Mutual Fuel Gas 1st gtd 5«
*. V''
Electric
&
& ref M 3s series K
1st
103)
101%
Gas
&
1st
102%
M-N
gold 5s
1st & ref mtge 3s series J
113 Vi
$5%
.
1st cons
Pacific Coast Co 1st gold 5s
98%
60
gtd 3Via
T & T
:
133
Constr M 5s series a
States
70
96%
100% 102%
Morrell (John) & Co 3s debs
M 4Vis
101 %
101
91%
109% 112%
gtd gold 4s—1991.
Monongahela Ry 3 Vis series B
1966
Montreal Tramways 5s ext
1951
Constr
99
109 Vi
it ref 5s series I——1981
Mountain
101%
'
102
Moh'k St Malone 1st
1st
34
a-o
Cop v gold 6 % s...—L—
ref gold 5s series H
Essex
101%
1
1st
F-A
Alst &
Morris &
A
145
95%
94%
95
M-S
series
*101% 103
Short Line
'
97% 100%
1977
A
A 1st
104%
100%
101'/a
?
■
ref 5s series F
5s
101%
*100% 103%
Oregon-Washington RR 3s ser A—1960
Jan 1967
,
lst
ref
108 V*
104'/a
*103% 104%
-
A
St
B..
107 »/4
101'/a
j-d
Guaranteed stpd cons 5s
,IQflB
a
General:
Alst St
27
24%
26%
108 %
104 %
F-A
81%
77%
68
99 Vi 100%
100 Vi
j-j
1962
lst St refRtt series AA
A rA
..
108
104
•'
1946
1940
1940
v
j-j
1982
{Missouri Pacific RR Co—
A
•
96%
17
104% 105
104 V2
110%
13
96%.
96%
j-j
lyyu
series a
4o-year 4s series B
Prior lien 4Vis series
I
108
104%
1975
Ore
Missouri-Kansas-Texas RR—
Prior lien 5s
m-s
& Nav con gold 4s
Oregon RR
107% 107 Vi
105% 107
15
111% 112%
A-O
Jan 1991
.
16
—
107
106
M-S
Minn St Paul St Sault Ste Marie—
Alst mtge 4Vis inc ser A
Jan 1971
mtge 4s inc ser A
*107%
M-N
-
—
J-J
1979
Michigan Cons Gas 1st mtge 3'/as_1969
LS A Midland of N J 1st ext 5s—.1940
Kansas & Texas
*100%
U-S
3 %s.—^-—.1951
,
.1952
M 1st gold 3Vis
A Gen
25
J-J
A-O
—.—...—1975
Oklahoma Gas & Electric 2%s
Jack Lans & Sag
Mo
-
1948
—1974
guaranteed 4s
1st mtge 3s
Ohio Edison
Micmgan Central-
Ref St
107%
106%
*65 Vi 100
Af-N
1955
McC'rory Stores deb 3V4
93%
M-N
sink fund_..Feb 11957
(Southern Lines) 4s
107%
105
105%
102%
101%
101
*101
3-D
mtge & coll 4s ser B—1954
Manati Sugar 4s
.196*
105%
M-S
102%
*103% 105%
.'105 .105%
107% 107%
87
82
86%
85%
3-D
A-O
..1975
(Wise) 1st mtge 3%8.„——
Maine
F-A
110%
110%
108%
108
M-N
*109'/e 110
J-J
*161% 168
160
160
j-d
*245'/a
250
250
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, February 4, 1946
NEW YORK BOND RECORD
RANGE
•'>>:>>
BONDS
interest
York Stock Exchange
New
Friday Week's Range
East
or Friday's
Sale Price
Bid & Asked
Low
High s
Period
WEEK
ENDING FEBRUARY
Bonds
Range Since
January 1
> Low
High
Sold
No.
Tennessee
8t Elec Oorp—
Rochester Gas
Gen
86
> 85%
104
27
107%
78 y3
..
a
MS
'V >108% 110%
MS
;
/
-
72'/a
12 Va
74
J "J
20Vt
19%
20%,:
8
;23%:^U:^23:-I^23.%,S;
A-O
deposit—:—
of
ACertificates
J-J
of
J-j|
72%
F-A
73
j'J)
Air Line
Ry—
52
Certificate of
A
.
of
ACtfs
ACtfs
of dep
A Ctfs
of dep
1st
Fla
All
A ctfs
6s
[
60
;
.23
263
54%
Cons
63%
105%
}% 60
'i'—
78%
M-S
105%
132%
79%
:78%
118
80%
159
,
•
/.;
.y
1st
87%
>
^
20
P-A
-1935
107
MS
60%
79%
80 i !
74
,.
19%
>
78
110
19%
debentures
J-J
Gold; 4VaS——•
,<■
——.—1968
Gold 4 Vvs-——1969
'.
Gold 4 %s.
«?»n
wran
Southern
i
104%
;i02
Term
Pacific
1st *8———1950
RR
Co—
109'A
104
107
105% 106
145
'f 104%
[104% 104%
MS
-•
v
104%
j 103% 104%
173
107
A-O
fi
J-J
•'103
J-J
103%
Ry 1st cons gold 5s—.—1994
Devel St gen 4s series A
-1956
&
Devel
6s——
gen
St
«♦
gen
1st
gold 5s
4s
»
Southwestern Bell Tel 2%s debs
105% 106
48
104 y4
6 14
117%
120 '
!
123%
A-O
106% 106%
103
106%
Apr
67%
F-A
65 V\
.:
54
:
67%
Acme
A
D
Aero
Motors
V'ut'ui
F
U-N
16
105
103% 104
J 86
103
delivery sales
.•
furnish
or
a
Ainswoi'ih
Mfg common
Air
Associates
Air
Investors-
Conven*b!»»
Aireon
60c
Mfg
common
(Jan.
25,
——
any
preferred_„_
Alabama
Great
Power Co $7
Week's
AUes St
Int'l
Allied
Low
11%
Prn.iuct*
(Mich
1
—
footnotes
see
page
103
103
J-J
92%
91
J-J
-.87%
87
:—1970
A-O
85
90%
92%
60
87.
88%
K 110
104%
the
106
6%
Deferred delivery sale not
11%
V'
%
'
,
3,800
•"* >:«"•• "■s;
A Bonds
•
selling flat.
Jan
Jan
are
the only transactions of the week, and when selling outside the regular weekly range are
WEEK
ENDING
York
Curb
3,700
15
500
5
17%
16%
17%
15,600
9%
132%
•
107%
21%
22%
Jan
3,200
132% 133%
117% 118%
107
.
108
110
Aluminum
57
Aluminium
6%
Jan
Jan
>22%
Jan
17%
Jan
22%
6%
Jan
Jan
•
Jan
.
prelerred
:
,
-
Jan
Jan
Jan
75%
115 Va
Jan
120%
•24
Jan
25%
Jan
21
Jan
26
Jan
63%
5,800
75
,120 .120% >.•" 450
900
24% . 25%
400
24
25 %
134
136% > 1,150
1
High
Lotp
.
25'A
116%
Jan
136%
Feb
110%
136%
common———•—* ;.
preferred—
——.100 •
Ltd
Jan
133%
Central
Mfg....
American Cities Power St wight—
Convertible
Jan
12% Jan
14%
48
Jan
60
Jan
14
Jan
14
Jan
...
-
-
——28
23
1
-
Cyanamid Co common
.10
American & Foreign Power warrants—
American Fork St Hoe common——•
American Gas & Electric..
..——10
Jan
48
—
A
Class B.
A
.
.
4%%
preferred..——100
4%
5
63%
20%
.
63
20
—
.
50
>.
American
Jan
Jan
class
Class
Jan
109%
——100
1
Co.
Book
American
Jan
318%
Jan
——X
American Beverage common.
9% Jm
l16Va Jan
.•
Range Since January
Shares
Jan
111
Jan
Jan
5%
128%
550
70%
Industries common————
Jan
44 Va
57
:
HUiK
Low
74%.
•
——100
Mfg__———*
Jan
jan
107
"
•
Aluminum Co common————
6%
Va
8%
280
include
for Week
Range
of Prices
-
22%
:.
Jan
20% -Jan
,130
'
Gonds
35%
2,060
9%
9
'
Par
American
22
:
Last
Sale Price
'
.
^\ :
Sales
Week's
Friday
•
Exchange
Aluminum
39
5%
,
Saturday
1
Jan
Jan
5%
^—10
FEBRUARY
shown
'
Jan
16%
17
;
the New York Curb Exchange for the week beginning on
13%
Jan
•;
5%
22 %
11%
22%
i 5%
11,600
19
'
on
'
•
30%
-
'■
'
"
5% Jan
-
price represented is the dollar quotation per 200at the exchange rate of $4.8484.
• ;
tCompanies reported as being in bankruptcy, receivership, or reorganised under Section 77 of ;
Bankruptcy Act, or securities assumed by such companies.
>
•Friday's bid and asked prices; no sales being transacted during current week,
High
.;
3,600
^6%
5%
■
27%
7,900-.:
■S.
...
36% /
,108
107-
included in the year's range,
d Ex-interest,
e Odd-lot sale hot
not Included in the year's range, ; * Cash, sale
Range Since January 1
I', Low
~5% >6
[[>
FOR
..
INegotiability impaired by maturity.
tThe
pound unit of bonds. Accrued interest payable
107%
they
44%
3d%
*39%
;
: 107% 107%
>108% 109%
A-O
J-J
87% >
37%
.6°
42%
89
87
...wiu- .v:>
40%
MS
117%
80
183
88%
87
87%
105%
117%
*118
J-J
107%
106%
105% 105%
105%
J-J':/
public Service 3 ViS——1971
105%
92%
•107%
MS
lASu & Du div & term 1st 4s—.1936
A Certificates of deposit——
108
102%
15
*102%
U-S
1st mortgage
2
>:
'
88
[
*109
US
1992
■
22%
•
,681.
M-JV
STOCKS—
pid_»—*
common
104% 108%
New
High
10
6'
.<5fl
conv
104
Sales
Shares
1
Investing $3
Altorfer Bros Co
For
'
preferred..
—
109 «
106%
56
130
for Week
.2
o
Fi«her common
Allied
Range
of Prices
18%
l.„_10
Southern
ref—red.
p
106% 107%
195
a
——10
nooiiaiicc.
106%
106'A
105%
RANGE
18%
—50c
En-ctrii
Bf-N
87
-
dealings have occurred during the current year.
8
—
107%
110 y8
108113'
107%
56
It is compiled from the daily reports of the Curb Exchange itself, and is intended to
1946).
__1
Corp
Alabama
$6
—.L.
nreferred_^.
convertible
Air-Wav
>
——X
Inc (N J)__—
113% 115
105
105%
104%
15
——J...
115%
106%
107-
104 f
complete record of the trans actions
bond, in which
in
-
109%
114%
No account is taken of such sales in computing the range for the year,.
we
~
B
A-O
May
:>
V107% 107 V*
109% 110
Included in the year's range,
n Under-the-rule sale
not Included, in the--'year's-range. "*;y Ex-coupon;/
107:
in the week's range unless
disregarded
are
occur.
Par
—_5
Suppij Mig class A_
Class
Va
105%
105ya 106
Last
.
106%
1
[f: 106% 106%
105
,
67%
107%
*104%
MS
which.they
warrants————
^mniiRjii
63%
107% 107%
Friday
Co
17
106% 107
103%
Sale Price
•
115%
4|;
1
*116% 117%
106%
107%
NEW YORK CURB EXCHANGE
WEEKLY AND YEARLY MK!Ora:a,:;a:a®
Exchange
68
103
105
126%
«TOCKS
ACF-Brill
Co—
64%
102 '/a
6
68
103%
" 103
J-D
I——1966
102%
>107% 110-%
,
108%
ending the present Friday
Curb
Telegraph
Union
Wisconsin
132%
107%
security, whether stock
York
64%
,103
J-J
-1967
—.—
2()
*103'A
F-A
—-1950
stpd
'
:
106%
102
102
107% 107%
MS
Wisconsin Elec Power 3%s————1968
106
119%
119
.
-
New
as
:
93
105%
:
106%
:
141%
126%
1956
and
,102
107%
101
96
97
16
127
96
*105% 105%
3s.
1958
Winston-Salenf S B 1st «s———1960
IA Wisconsin Central 1st 4s_.
-194S
A Certificates of
deposit---
106%
5
following extensive list
19
V
JT-S
106%:
103%
136'A
4
In the
Jan.
103%
[:■
in the week
every
103%
101%
18
&
J-D
in
Ltg
Wilson St Co
33
31
J-D
deferred
40
93%
96
A-O
3%s—2000
Wheeling Steel 3V* series C
103%
..••'31
>
and
106%:
132% 132%
>;
Cash
106%
108% 108%
lootnote
a
108.
125% 126%
>:
Swift * Co 2%s debs.—————__196l ;>
NOTICE
104%
■A 45
A-O
—1961
—
"
J-D
104%
J-J
1985
Superior Oil 3%s aebs
in
'119%
debs..—.——1959
deb 3s.
Oil Corp 3%
Sunray
ref gtd gold
1st
Gen St ref M 2%s series A
104%
J-J
<uBpokane internat 1st gold 4%s—2013
Stand Oil of Calif 2%s debs——1966
Standard Oil N J
>>
100% 100%;
100%
A-O
'
102
>
—1051
106% 110
110% 111
109% 110
guaranteed—^—2361
Registered
2361
Wheeling & Lake Erie RR 4s
—1949
-
i996 :>
—
.
gold
111
13
Westinghouse El & Mfg 2Ve&~~-—1951
102%
[
2
.
106
103% 104%
105%
A-O
?.
1956
6%s——
1st
■!
>>
—
F-A
West Shore 1st 4s
;
[140% 141%
A-O
l®5ft
Div
DiV
Mem
104
110%
1
—
Funding & real estate 4'/a8—1950,
25-year gold 58———.^
,—-—1951
103% 103%
J-J
Southern
81
5
1-106% 106%
.-1996 >!
.
;>
:'.v
J-D
Western
mx'o.
>103%
Devel
•
104%
298
106'/a 108
MS
■
C_~,———'
-
Apr
Apr
Maryland 1st 4s———-1952
Western Pacific 4%s inc ser A—2014
1113/4
70
MS
>
J-J
series
HI
MS V
——1995
Western
104%
-
39
105%
1st mtge 2%s ser A.———--—1961
3%s series B——1986 •>
3%S
105%
103%
•
Baking
Gen mtge 3 '/a8
20',;;-?;i06% 107%
111 "• 111%
:
-
.
.
A-O
1958
mum-mom —
••
West Penn Power 3yas series
'i
78
[106% 107
106%
MS
—-1981 »
—
5s
cons
Webiunesker
/
'
"
*,
-
,
•109%
F-A
•*130%-.r-I.
F-A
(Oregon Lines) A——1977
1st 4.%s
106%
A-O
———1979 >;
Souiueru. PaciliC ;Co—
103%
"j
30-year 5s———————.——I960
J-J
——————-—1985 ;:>
—
debentures
\
[■
103% 104
103%
J-J
Q-M
'
3s
105%
104%
1
„
>105% 105%
105%
MS
'fTj
*115%
'•[•', •'.>
ws'/^
Washington Terminal 2%s ser A—1970
21%:
104
mi3Va
|
103%
128
*114%
Washington Central Ry 1st 4s—1948
108
104%
2
jo;,
io
110
104%
7
103% 104
• i>.\
U-N
series B—_.——1957
f 4a
s
Warren RR
87%
102%
-
107%
11
V 104% 104%
y
104%
106%
106%
103%
5
> 109% 110 >
A—1958
—
.
106%
17.
:■»
104%
J-J
i
51
.
103%
104
147
> "16
i03% 103% >
;
^
■»:
Jf-3
Co 5%s debs
(subordinated)
—1970
Warren Petroleum 3'As—..——1955
v,-.
Socony-Vacuum Oil 3s debs—-—1964
Sourh St Nor Ala RR gtd 5s—
.1963
Southern Bell Tel & Tel Co—
2%S
—1959
1st mtge 3 y«s ser B———1971
Walwortn Co 1st mtge
——i»bo
Ward
105;
v
.
80
33
20
[104% 104% ■
75% -'78 r* "T1:
'104% 104% ; mi
J-J
F-A
936
103% 104 B
>
103%
A-O
4s inc ser A——Jan 1981
,-AGen mtge inc '4'%s ser B_..Jan 1991,
99% 101%^
87%
104%
102% 105 y*
103%
l>>33
>
104
104%
> 103% 103%
104%
U-N
AGen mtge
.•> > 74% >80%
110
;
"3
104 >
104% 105
Wabash RR Co—
>
61
56 V
—.
;106% 108
.
J-J
;
86
,
104
'•>•>13
->
,-.35
104
-
111%
.105%
110%
.->>>
W
60
105
*101%
*
A-O
127%
-
73
w
,
('104-v'r
105
A-O
Virginian Ry 3s ser B_
56%
'>
;
°100Va
>
••
29
>:>;'"46
80
.78%
v
us
.
;> 51
25
.
:>
...
,
122
3
,
J'60:;::v:Sf;/;
,
.77%
■
/
[/: >>70 />,
> •—
,
.
J-J
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E—.1—1975
Va Iron Coal & Coke 1st gold 5s__1949
Va & Southwest 1st gtd 5s——2003
102
11
'
106%
V
90
99
132%
60%
J-J
1990
series B_l__
Yandalla RR cons g 4s series
■
% 12-7 5> 127%
'> 58% 60
■>;
'f
debs__«——.—1965
2%s
Oil
106
' W—
9
100%
V
-
Universal Pictures 3%s debs
Co—.
>
.
86 !
1132% 132%
v./i":
A-O
2%s sinking fund debentures—1961 >
..•tlASiiesian-Am Corp coll tr 7s..
1941
Skelly
20
A-O
—-1945
2 %s debs——1954
Oil
"
'
105% 105%
:
J-D
1970
3%s debs—1955
Ref n\tge 3$
96
I
122
132%
U-N
(Joseph E) & Sons 3%s.l965
Union
Shell
89%
—"
A-o
51%
93
..
•
United Biscuit
116%
~9
63%
*106%'—
T
A-O
4s ser A wi___
.
Gen mtge 4%s ser A wi—.•.•:•
tASeahoard
45%
115
62
-
mtge
Seagram
12
..
..
A-O >»':
1945
1st & land grant 4s_
——1947
34-year 3 %s deb----.——l-.w-l-.1970 ■;
35-year 3%s deb———*l--1971
'
77%
52%
46
96
*112
62
F- A
.
RR
51%
760
99% 100% :
J-D
(Guaranty Trust)
(Chemical Bank)—. >
Line
Air
Seaboard
:> •>'•
58%
104
100%
v>-
106% 106%
90
51%
103
S;fSi
1975
Union Pacific RR—
•
78%
:
89
89%
J-J
r
95y«
100
—
IS A At! & Birm 1st gtd 4s—1933.
A Certificates of deposit
—-
—:
*111%
2%s
tr
.
deposit-
series A—
52%
51%
95%
J-J
(Chemical Bank)—
dep
6s
cons
73%
73
68
*117% 118
j-j
lARefundlng 4s—————L1989
A Ctfs of dep (NY Trust)-!—.—Alst
100%
68
51%
>
51%
•
77%
106
88%
95
;/;>:[ 1
■.', •>
:
106%
'[;>:>>
Ry(Chic) 5s
coll
&
M
2%s debentures
.
97%
64
;;
180
78%.
77
U-N
——1956 :>[
gold stamped——
97
,
64%
,
8
77
77%;
MS
Depot 3 %s B——1971 '
VAN E 1st gtd 4s——.1989
IA-is
>';>
MS
Union Oil of Calif 3s debs———1967
"*95
1,160
73
72
.78%
i:
Union
ISeaooard
103%
.>•; 553
104
*100%
MS
Electric Co of Mo 3%s—1971
.
ISAUnion Elev
99%
73%
104% 105%
107
108 '
142% 146
..
89%
104
'
."•
■
56%
53%
55%
J-D
-l
88%
89%
A-O
debs.—1960
1st
105%
97%
v
99% 100%
:i
HASt P & K C Sli L gtd 4%S—.-1941
Scioto
J-J
& Buff
Tri-Contiriental Corp 3 Va
:
IA 1st term St unifying 5s— --—1952 y:
AGen St ret gold 5s series A—-1990
St Paul
~2
104%
104
24
103%
'
—
73%
deposit———
1st cons gold 48.1968
>104%
J-D
J-D
1
|8t Louis-Southwestern Ry—
1st 4s bond certificates——
1989 <>
A 2d 4s inc bond ctfs. --—Nov 1989 •>;■
St Paul Si Dulutti
'
222
105% 105%
105%
J-J
Tenn RR of New Orl 3%S—1974
109 V
22%
16
"
97
•
99%
Certificates of deposit stpd
a
/ 5
*146% 148
1st gold 48—1946
Trenton Gas & Elec 1st gold 58—1949
—
96%
*98%
J-J
series A——1978
M 4%s
A Cons
97
A-O
lien 5s series B—-.-.>.1950
A Certificates
*102%
J -/
.
A Prior
26
k 107% 107%
Toronto Ham
84% 1 74
•
18%
20%
'
26
103% 104%
104%
High
129% 130
U
Baguenay :Pwr Ltd 1st M 4%s
1986 ;>•
Bt Jos St Grand Island 1st 4s
1947
Bt Lawr & Adir 1st gold 5s
-1996 y,
2d gold 6fl———a;..—.-1996
Bt L Rocky Mt & P 5s stpd
—1955
I8t Louis San Francisco. Ry
A Prior lien 4s ser A—
..1950
Low
•
J-D
1st ref 4s—>———1960
Ad) income 5s——
——Jan 1960
Unlon
i-)
104% 105
Bf-N
Tol & Ohio Cent ref St lmpt 3%s—1960
108%
91 v
M-a
J-J
A-O
108%
108%
.
[f
1
F-A
Third Ave Ry
—
*108
us
;
Texas Pacific-Missouri—
87%
Pac
>125%
us
series H————1967
Gen- mtge 3%s series I—■—
1967
Gen mtge 3 V«s series J——-—1969
IIAR I Ark & Louis 1st 4%8
,1934
IA Rut-Canadian 4s stpd.—-—.—1949
IfARutland RR 4%s stamped
,1941
—
130
130
A——1950
-
Texas & Pacific 1st gold 5s—2000
Gen & ref M. 3%s ser E—
1985
115
40
86
&
J-J
Company 3s deb—.—
—1959
^
—1968
debentures
3s
108
103
113% 115
115
•
D———1977
4 Vis series
mtge
107%
*104
A-O
-
■
—2019
& imp M. 4s ser TJ
Tfexarkana He Ft Smith 5%s
Texas
Gen mtge 3%s
' 1
'104% 105:
M-N
3s——1965
Ref
106
M-N
,:
& Transmission—
Gas
1st mtge pipe line
.
J- J
No.
High
104% 105%
107% 108
trust 4s A——1949
& coll
cons
Low
,
Terminal RR Assn of Bt Louis—
A-O
Bonds .[ Range Since
Sold
January I
or Friday's
Bid & Asked
Sale Price
Period
R
A 1st
Friday. Week's Range
[/; Last
Interest
New York Stock
■
Reading Co Jersey. Cent coil 4s.—.1951
Rensselaer St Saratoga RR Co-<*
Gen mtge (4.7%
for 1945) due_1975
Revere Copper St Brass 3 %»_>. . ..—1960
IIARio GTande West 1st gold 4s„1939
1
BONDS
104% 104%
J-J
-1964
Quaker Oats 2%s deb
FOR
9%
54
4%
r
447A
111%
:
.
.54
48%
8%
54 %
51%
10
53V2 55
2%
5%
25 ■ 26%
43% 45%
110% 111%
'A
Jan
Jan
4%
Jan
5
61%
Jan
65
20
Jan
22%
Jan
850
50%
Jan
54%
Jan"
1,300
1,600
5
440
65
2,700
22
47 Va
Jan
51%
Jan
16,700
7%
Jan
10
Jan
8,800
47%
Jan
55%
85,800
l7/a
Jan
5%
Jan
Jan
23
Jan
26 Va
Jan
43
Jan
45%
Jan
950
10,109
;
775
110%
Jan
'''
'"
,Volume 163" Number 4461:
THE COMMERCIAL & FINANCIAL CHRONICLE
'NEW YORK CURB EXCHANGE
WEEK ENDING FEBRUARY
FOR
RANGE
A/#
STOCKS—
York
New
Curb
Week's; ■'?'
Range
General
convertible
$2
/■
Corp
Shares
preferred
convertible preferred
Hard Rubber Co
S2.50
American
Light & Trac
:v/jfl%;,v.preferred
American
*
Potash
Chemical
American
1st
'■/
$0
:■
Seal-Kap
Superpower
preferred
series preferred
American
Thread
American
Writing
$$£.£$
p'i
'^Vli?r-AjVR
v\•
'
% I
,,
•"
■h
pfd
Inc
preferred
6%
Atlanta
8%
Jan
9%
2%
Jan
3%
Jan
25
19%
5%
.
112
19%
Jan
Feb
6
10%
10%
11
16%
12VP
14%
Jan
Jan
Cleveland
10%
Jan
:f ii*v
Jan
Jan
114%
Jan
10
112%
23%
5,400
12
Jan
'27%
13%
Cockshutt
Jan
10%
Jan
Jan
3%
Feb
11%
Jan
16%
91
Jan
Jan
•
7,600
50'
,
t
11%
9%
:7,300
2,400
15
25%
15
17
10%
10
10%
•2,400
.5
22%
22%
1,000
25
Machine
26%
27%
175
•
& Sons common
—
16%
' 5%
Colorado
Fuel
&
Iron
patent Fire
Columbia
/ S
Gas
&
48%
2%
iiy8
8%
12ya
prelerred
43%
45%
Baldwin
Rubber Co commoo^—
Banco de
Jan
Commonwealth
Feb
Community
Public
Water
Service
Southern
&
Jan
18%
Jan;
Community
10%
Jan
Jan
22'% Jan
Jan
27%
V t
44Va
49%
46% Jan
'-.-S3
fa
Seelig
/
Jan
A
wariants..
25
39 %.
;
Refractories
Basic
Biiurnann
7%
<L)
1st
Beck
18%
20%
47/b
8)
Shoe
Beil
Tel
&
common
Hedges
Convertible
Blue
S3
(E W)
common
(S)
(H
Co com
88%!
118%;
,110
110
111
Tne
'
39
Jan
,71%
8%
Jan
37%
2>A
40%
Cosden
-•
Petroleum
convertible
1%
7 'A
100
5%
L.———•
i
p-nminnn
preferred
7
41%
250
30
Jan
48%
Jan
25
Jan
29%
Feb
Jan
6%
Jan
Brewing Co..—1
4%
Crosley Motors Inc—'.——,—18%
Crowley Milner & Co..
—1
167/a
56%
Jan
Crown
39 Vi
Jan
Crown
Cork International
57%
Jan
Crown
Drug Co common^.
55'A
5%
55%
200
56%
35
39 V2
53
53
"*60
io
100
39
2%
4%
600
2,900
5%.
22%
30
Corp common
Aeronautical
24
Jan
Tobacco—1
Jan
9%
Jan
Jan
A
,
Lighting Inc common—2.50
Class
Deunison
7%
IVa
6%
Jan
3%
125
Jan
'
y «.
■
4y*
Brown Fence & Wire common—..*
Class A preferred
•
11
Brown Porman Distillers—t
64
$5 prior preferred
Brown
Rubber Co
Bruce
(E Ll
Co
Bruck
Silk
•
—
11%
127AV
18
Mills
Hill
Burma
flnrrv
St
Ltd
dep
Biscuit
Butler
(P
18
Jan
Derby Oil & Rsf Corp
Jan
Detroit
Jan
27
Gasket
&
14%
14%
15%
21%
23
3
3%
12%o
.
Detroit
Jan?#
102%
Feb
3y4
2,000
3,100
;
2,800
12 y4
Jan
Jan
14'/a
•.
2,200
i
Jan
10%
8%
100
8 Va
•
?. 15%
Steel
Am
dep
12 y4
|?
Divco
Jan
Dobeckmun
8%
Jan
Co
Voting
Cables
trust
Wireless—
&
American
Calamba
/
13%
170
Fire
Canada
Bread
Cement
5
1,800
4% Jan
:
Ltd
M
; ?;/?;'?
:
iq
13%
1
11%
"Is
Ltd
Co
£1
_i
Power
Corp
Co,
4%
4%
•1,300
5%
9%
200
9%
4J/2
13%?.:
11
11%
•
9%
Jan
•
11,500
10%
Jan: ;
10%
M:
5
9%
Steel
—■
?!
100
Car &
Jan
Participating
Jan'?-?#
;
Am
50
6%
Canadian
Industrial
Class
A
Class
B
Jan
Duval
10%
Jan
10%
,
Canadian
Capital
Carter
j
•
"•
A
Co
P
Casco
pfd
(A
&
•
II—10
see
page
G81.
•
33%
4%
16%
Jan
ino
13 y4
Jan
•''
53 %
?■?/,
!;!
-26
53 'A
-
30
'*75
A.-
\
;
4
26,300
33%
32%
\j*
f-i-
?
180
21'A
21'A
22%
40
35%
40
100
13%
,
33
CM ^
Tar
Co
Chem
<fc
Textile
Test
Texas
/'
4%%
Co
10
10%
Jan
178
164
Jan
165 A' Jan
11%
400
Ltd—.
6%;a>7%/
,
Jan
Jan
Jan
21%: Jan?
6%. Jan
:?y
Jan
10%
Feb
32%
Jan
36%
Jan:
Jan
39% Jan
8%
;;
17%
7
29%
197/s
Jan
Jan
41
Jan
^1%
50
14%
7,500
Jan
Fuc^l
Malleable
Stages
4%
Jan
.?-."'
59%
Jan
Jan
-
$7
$6
preferred
$5
>?;
Easy
Sugar
Jan
14% Jan
Jan
62
Jan
Jan
19
Jan
50
101%
200
18%
18%
•
"
7%
4,200
8
1,800
15%
15'A
6%
Jan
Feb
65
102
•
.
.
Jan
10% Jan
19%
»
Jan
14%
,
Jan?
91 ¥2
Jan
98 »A
8338
Jan
85,
250
..n
Washing
Jan
.-
8
Jan
Jan
'
15%
Jan
TOD ?
;
Jan
.?
Jan
14
20
Jan
22%
Jan
$3.50
1,750
34%
Jan
40
Jan
$4.20 pfd.
Jan
76
r5;"vZ
75%
J
$5
formerly $6-
Jan
Jan
3%
•
t?
80
42 %
A#
Jan'
Jan
Jan
5
Jan
77'" '-•
200
74 /
Jan
'#■"79
Jan
73%
"
56
77
525
71
Jan
77
Jan
56%
3,000
51
>
"???
:
:??;/
V# 56% Jan
Jan
/A? 14%
Jan
29%
Jan
12%
14%
5,150
11%
Jan
29%
29%
50
25 A
Jan A
23%
!
13%
25%
90,300
187/a
Jan
72
Jan
75 lA
Jan
75%
Jan
78%
Jan
-
?
74%
74%
*
Jan
54
.
24%
pfd formerly
12,900
Jan
Jan
6
97%
71
40%
1,575
72%
,
—•
750
~4%
76
B
16,300
77 ■?
B
—
8
100
7%
99
73%
*
Associates—
Machine
-
1*4%:
—•
preferred
7% ??
3#
Iron
Corp
series
:
100
100
100
Economy Grocery Stores
Ele^tHo Bond & Share, common.
12%
■
A 41 %
Jan
Jar.
10
-
101
common—..
preferred series A
Eastern
Jan
27
117
'••
12%
•
Pp.p • .pp'iy
83%
64
L.i
preferred
Eastern
Jan
A
#?:40;
575
90?
'65
-87%
...
Assoc'
Eastern
Jan
Jan
87
Jan
7% Jan
Jan
•
common..
Sulphur
Jan
?'?'
5%
•
—I
i
Jan
72
*
*
Jan
34
Jan
Jan
?'
13%
14%
IlO
1
16%
35
Jan
Jart,
Jan
24%
Jan
2,500
19%
18%
•.
'20%
v
Jan
117
:
13%
Jan
20%
4%
?
17%
Jan..?.??
13 y8
5,200
,
1,100
Ltd—
prior preferred
1,200
"
140
29,600
„1
Corp common
East Gas &
Jan
Jan
>,53%
r
13'A
,
Jan
20
.400
27
55:?,.? ?!,
:•
]
Co
footnotes
•
4%
—
Products..
Castle
M)
'
:
•
common
& L $5
(J W) Co com
For
•
—
""irnation
Carolina
class
15%
4'A
1,300
20
Jan
550
fi'*-
Products
Co
&
Class B
18
30
32%
15%
'?
•
"•
voting
Marconi
City
Carman
31 V»
Jan
Jan
I??
Alcohol—
voting..
non
31 lA
Jan
25%
'
'
2,400
10%
5%
6%
51%
Jan
Jari
10
165
12%
41?
dep rets ord reg
Hosiery class B
Duro
P.
25
19%: Jan
Jan?;:
Jan
23%
19'/a
:i5b
B
Coal
Durham
Jan
25
Foundry Ltd—
preference
Jan4
4
Jan
Jan
13
Dunlcrp Rubber Co Ltd—
Jan
Jan
Jan
——
Jan
13
■
4,700
;
■
Canadian
38 3A
Jan
24
'S.Pp-.j '£'£1 "P
Co Ltd
&
Corp—
Driver Harris Co
13%
A
I 24%
—
Jan
50
24,800
Industries class A com
Bridge
11%
Jan ?r
»
common.
preferred
?. ?,,
Jan
4,600
13
??■
4'/b
A
36%
?:# 500
Duke Power Co
.
Insurance
Canada
6% %
pfd
Estate
Electric
Tungsten
Camden
50c
5%
500
—1
/Draper
5% .Jan
5% Jan
:#>##■■;.
dep rets 5%
Sugar
California
Callite
certificates
?
,V Jan
17
20
..£1
common
Dominion
5%
58
36
8%
3,600
36%
—1
Corporation
Dmnestic
:'.rX«v
L
Jan
;A
Jan
Jan"
37
1
ord reg
rets
Feb
Dominion
?
;? 5%
Jan A.
Jan
Co Ltd—
Distillers
Jan
3%
-Dominion
50«
Jan
Jan
8
32Va
32%
800
preferred—.—.!_..——— ..10
7%
Dominion
Cable Electric Products common!
20%
v
Jab'A;]
30%
550
36%?:;
-10
Products
Diana Stores Corp
Jan
23
,
Jan
Jan<?.
Jan
'
Jan
Jan
Jan
11,100
?
Jan
A18
Jan
2%
Jan
97/b
55
200-
Jan
18'
.
# 4 'A
20
8,900
•
20'A
Jan
29%
1,500
Jan
Jan
Jan
18%
6%
>■
Jan
33%
4 4%
Jan
•8%
4,300™
6%
Jan
;45
•
Jan
19%
8%
25c
Jan
Jan
18
7,700
>12 %
13
.
&11
Jan A
15%
•7,900
Jan
Jan
43
Jan
26%
De Viibiss Co common—. —10
194,700
3%
11%
11%
''V;
Jan
Jan
41%
6%
Jan '
11,500
Jan.
Janv
.107
Jan
68,900
25%
165.
68%
.11%
';
Jan
/LVa
VA
Jan
v39
525-
v
46
Jan
4%
>
33 ?'
1
4
Jan
•
100
10,600
13
.19%;
12
:iii
Mfg
?
•
,
46% Jad
120
35 %
165
;
4%
Jan
Jan
A 31
100
--
Jan
4-1%;! Jan!
54,500
16%, 17'A
:
8
prior preferred——. __50
.100
?>; 8% debenture...
—
86
Jan?,
-
8%
l'
Ph
22%
i
common
?
Jan
Jan A;
ll38
Wh
9'A
13%
-50C
Mfg class A common....
Jan
Jan,
9'A
-31
-
:
200
45
•
Jan
27A
'•
y???
At-r
.
f
7.300
10'A
43
A^
•
200
Jan
14%
24%:
100
"/
4,200
4,500 ?;
11%
10%
rets
"
.
10
43
•
Corp..
H)
65%
102% 102%
102 %
Sullivan.—!!##—.2.50
Corp Am
11%.
33
1
—
Buckeye Pipe Line—.......
.bunker
10%
33;
p-S'
Jan
30 ¥2
36%
■preferred.*-!—^.———.— -20
Detroit Gray Iron Foundry.——— —1
Detroit Mich Stove Co common... ...1 y
2,025
60%
vl
A
8
common
common
4%
3%
•
111»A
110%
'
•'?ClassB yL-.--.--_rJ.
Jan
28%
4%
20
33'A
38
!*
7%
Jan
.25%
23,100
'/./.
27
27
307/a
4'A ^5 la
56'A 'J58 v
35% 36
-
.
••
_50c
new com.
convertible
A
27%
'
7%
27
5'A
35'A
.•
Dejay Stores common
•
Jan
Davenport Hosiery MilJs
Jan
21
Jan
425%
Jan
'
22%
Jan
Jan
Jan
Jan1
//ll:
Jan
6%
Jan
4%
Feb
5%
,-
'
class
Jan
40%
*8
i-
—
—
common
30
Jan
4%
__
29%
>12%
19%
7%
7%
.
Sugar...35%
Dayton Rubber Mfg
£1
ord reg
£1
British Celanese Ltd—
Amer dep Tcts ord reg—100
Jan
Jari
Jan
8,950
6%
19
*—
*l—25c
Curtis Mfg fr
21%
23%
*•
A
Tobacco
Curtis
3,200
rets
Jan
482%
Jan
103
8%
Atlantic
Jan
7,200
dep rects ord bearer
12%
Jari
22
A
7% A! >4,500
•
,26%
4'/a
>18%
16%
A-*
Cuban
Jan
14,300
21
(Md)—.5
Cuban
?
A...
Jan
11 '
Jan
•5%
9%
British American Oil co.
y Jan /
111
9'A
*
•
27%
—.—5
3%' Jan
83%
27%
5 Ve
•
common
.
:
Jan
5
1
Jan
f
-
Jan
71%
;
(ord reg)—£1
1% convertible preferred——J25
Crystal Oil Refining common
/
$6 preferred———^
L——w——10-
:
? Jan
,
26
Petrol
Cent
Jan
4%
9%-
1
'
Jan
68
4,100
,
65
---?
■
.
2% Jan
12,700
77%
75
Jan
?
1
.
American dep receipts
Petroleum—.
A
Jan
150
Jan
25 %
•
,
/?•/
Jan
140
:
:
Jan
Jan
Courtaulds Ltd—
Jan
6
.
Jan
25%
50
100
3,900
-
118%
4' 9%
41%: 42
Croft
•
108 »A
Jan
6,600
2% A
5%
41%
SO
Creole
.
24 lA
A- 3 Vis Jan.
A 91 A Jan
Feb
Jan
?
V
% ,Jan
15,200
14%
100
Jan?'
13,300
44
Jan
115%
Feb
A.5 4- Jan
Jan
85
Feb
Jan,
34
44>A:441A •'•'!•
•
——.1
Reynolds—
$6 preferred A...
Jan !
Bridgeport Oil Co—-—————.——.*
Power
2%
16
...100
25
Brewster
British Columbia
fie
Mines
Jan,
Jan
5
102,700
20%
Jan
28%
13%
6%
Jan
23b
.j
2,300
29%
•
Jan
3%
&
111y^ 111%
-
—
13%
&
?
30%
-i/
15%
,
common
American
Gold
12%;
P 14 :•!
15
,
•?•'•• 4%
/ 20
2,600
•
•
5%
Jan
17%
20,700
•
i
Co
Cor; Lon
Jan
•:
Range
.' 21%
25
39'A
*
Jan1,
38
7a
Jan
3,100
6%
40%
2ZVt
,
29 %
11'A
30'A
—.!l00
preferred...y.
prior
Coro Inc d
Jan
Jan
—106
Jan
1 34%
.
-.—
v;' 19%
.
Jan
44'A
1,875
27
40
12
Fdy & Machine Co—1
Cornucopia
Jan'
172%
Jan
33
...
Jan
I'ii25i;i
Jan
Co
Paint & Varnish Co
Copper
59-.-;: Jan
V
Jan-!
6% :-Ja,n
100
7
Feb
Jan
A
:•■•'>
9,700
81%
5%
361/?
•
6y8
10
_•
Continental Gas & Electric Co—
Jan
17%
Jan
165
•
'i-::.,',
-
Co
i
2IV2
20,700
Breeze
dep
20
Textile
1
OIJ
100
6
26%
Am
11 %
Jan:
'Consol
Stores
Corp
21%
25%
Am
Jan
Jan
30
.
100 lA
Jan
180
.
33%
5%
.
British
21%
50
3,500
170
Brazilian Traction Lgt & Pwr........*
--
Jan
Jan
4
3%
50
12%
80
.8 1
20%
prefemd.—100'
2d? preferred..
*;
Mfg
Jan
Jan
37%
P-P10
11
IV/2
39
1st
Class
Jan
13
14
2,400
„•
Scrymser Co
Brillo
SteeJ
8%
400
-.
7%
33
1
common
Bowman-Biltmore
7%
Royalty
.17
1,300
24 %
1
St Co
Co
Cl
58
168
•
—
1st preferred
7%
Borne
Bourjoia
Retail
Consolidated
8%
200
4'.
Jan
45%
Jan
"•:';
7,100
/ 2,300
85
*
optional convertible preferred
Blumenthal
Consolidated
Jan
Jan
5 JA
12 V2
Jan
•'
3,700
3 J/e
117
1
1
common
Ridge Corp common
Bohack
Jan
11
20
5,900
17%
23
*
common
Birasboro 8teel Fdy fa Mach
Blauner's common
Bliss
S
58
100
;
preferred
Inc
17
6%
Berkey fa Gay Furniture..
Bickfords
20
Jan
Ltd
22%
20%
2%
118
1
& Smelt
Mining
Jan
Cook
-
Canada
of
Benson
17%
1
Corp
Aircraft
bciianca
11%-
17
10
common
Utilities
Gas
42%
Continental
1
.
4%
Consolidated
550
10%
39%
97
1,500
3V'8
15%
:
46,100
*
Jan
'
Jan
1,300
4'/a
22%
Co.....—......1
Jan
100
.
Ties
Inc
(A
13
21%
1
Inc
common
Mills
Beaunit
:
11%
20%
5
common
preferred—
Brummel
Beau
A
7%
10,800
47/b
preferred
100
preferred series C.—————100
Consolidated
Jan
4%.
20%
.•
common
3%
4%
1
—
Consolidated
Mfg—
convertible
Si.20
Jan
6%
43
Jan
!?•'•
Biscuit
i
w
10%
Steel .Corp.———1
Barlow
2%
100 Va
940
Vi
% 1,913,900
39
39%
350>
preferred—..
41%
n
shares.——.
Barium
16%
'•
'
91
100
extended to 1946—.—..—1
c
Gas & Coke Secur
Conn
Jan
30Va Jan
Jan?
26%
2,700-
Jan
Jan
Jan
8%
Jan
5%
27%
Compo Shoe Machinery—
19
400
.1
15%
/
Jan
-
Service
Andes—-
los
American
Jan
Jan
7%
>:
3,700
—25
—..——100
26
5,400
30
49
88
76,000
(new).
Arms...!—
27
Baldwin Locomotive—
7 7e
Jan
750
•:
,/ r3%
,
wrnts
series B
46%
Jan
Jan
>■-'60 -y. Jan
400
6
33%
4%
"27%
32
Electric—
5%; jpreference
Consolidated
Co
19%
7%
i8y4
275
■
Jan
46 ya
7,100
23,400
5%
1
Conboi G E L P Bait common—85
Wilcox
Feb
Jan
8V4
'
*•?
Jan
12 Ya
32
■
Airlines.!*—!
Rights -w i...!i..-
Rights
Babcock fa
17'A
Jan
Jan
275
.
Jan
Jan
3,800
—
■
Development ordinary..—......
Jan
8%
800
30%
28
?
■
•
commonliii.—,—*1
Co
11%
24
16%
Plow
Jan
57,200
26%
82%
8%
..
"
Jan
Jan
1,200
16
—100
.
Jan
14%
11
21,600
19%
152y8
145
Jan
'
48
Jan
27%
700
1,100
18%
34%
Jan
,T5%
Jan
165
Jan
13%
140
Jan
3%
Jan
146
•
1,100
46ys
80 '
< g%
Jan
Jan
27%
•
10% jaa
100
27
1
Ayrshire Collieries Corp
2%
9,800
88
86
10%
7%
8
Jan
17%
Jan
150
10
48
,
'
2'A
•: 140
19'
•
Colonial
Colon
15%
75,000
17%
12Va
31% 1
8%
Feb
48
Jan
Jan
Jan
;
Colt's
*14%
"i".' Z"
:
■
Electric
Illuminating
Clinchfield Coal Corp.—....
Club Aluminum tJtensil Co...
pfd-.lOO
15%
3%
16%
11%
Jan
3%
15
29%
152
Jan
40
500
31
Jan
Jan
142
200
■sw
2137 Jan
Jan
20%
850
"2,500
Clark
7%
Jan
343/a
City Auto Stamping
•
City-fa Suburban Homes..——.—10
7
Jan
19%
23,400
Jan
Jan
29
Jan
158
Jan
Jan
Jan
Jan
14%
14%
145
145,
■
7 Vb
17'A
1,700
32%
?
Feb
I6V2
148% 152%
;■>. 151 %
? 14%
•
Jan
2,100
154
33%
•
Jan
11
10%
10
common
6%
,
/
•
'42%
2,200
■■-■3/vZ
L_
Jan
44
Jan
2%
3%
,1
44
17%
16%
$6 preferred BB—
10%
•
1
Jan
Jan
'
^174
44
-
115%
13
12%
16%
IOO
37
36
.
152
45%
Ja«
25 %
,24%
44
6%
114% 114'A
12%
*
128
18
<1074
150
Jan
1,900
Jan
Jan
Jan
7%
'#c 18
21 */4
12%
•
Jan
47%
37
24
23V»
152
2,500
.
Jan
13%
6%
' 6%
4
common
,
Jan
"
217a
Jan
106
44
-
—
5
.25
26,600
7%
Jan
10%
44
7
10
common
38%
38
24
Controller Co«j^.—1;
Claude Neon Lights Inc
1
Clayton & Lambert Mfg
«
7
6%
25
...:
7,000
6%
Jan
18
128
118
5%
112
110
12%. 13%
114%
Jan
,
1
5
common
•'/ $6 preferred
)£: 60c preferred B
-
106%
47%
44%
,
41'
100
Consolidated Mining
IChilds Co preferred
15% Feb
Jan
Jan
35,000
39%
3,400
?! 400
40'. '
114%
,
18
150
,
6
39%
40
Fisheries-#!!.#,,—-—..1'
Voting
(B Fi
19%
Jan
9%
,5,600
,
£1
& Coast RR Co
preferred
15%
29—:
Chief
Jan
Jan
120
700
13%
A—'#-*
.100
ser
Chicago Rivet fa Mach
7%
20&
47
Chicago Flexible Shaft Co
10 %
9'
19%
H"n%
128
Jan
Jan
105'A
..
19%
.100
Jan
59
Jan
4,800
6%
Products
Automatic
Jan
Corp
High
16%
Jan
120
105V4 10538
12%
50c
preferred—100
ser
January 1
Low
13%
17,600
—
.
Range Since
/ // ?
.
100
Utilities
Jan
120%
Jan
x' 6V4 Jan
3,800
12%
15%
n
Automatic
Jv.2,500
,,,
67/s
10%
pfd
7 7o
..
>A_'/v'?'
1
Products.
Light
West
Aircraft Co
Cities Service
Tel & Tel class A
CoaRt
59;
.
119 %
&
IOO
pia__100
Cherry-Burrell common..
Chesebrougb Mfg
Jan
324,100
6%
Alias Corp warrants..—.,-!
Atlas; Plywood Corp——.1
6
1,600
3V2
Industries—
Atlantic Coast Line Cn /
Avery
8%
•43
Steel
South
pfd
5%
for Week
Shares
16%
14%
16%
?
High
Low
p
1
Chaniberlin Co of America
Untuis
6%
dep rects reg
B.rm
Cessna
Jan
.10
..
Ohio
7%
Power
Conv pfd opt div
Conv pfd opt div
it
Jan
46
-
Jan
12%
Associated Laundries of America
Atlantic
Jan
41
Power
York
6ales
Range
of Prices
Par
preferred
;
Z 5% Jan
>
Jan
4%
*
15%
9%
.
Associated
Jan
53%
•
non-voting
Electric
Jan
24
12,700
55%
& Light $7 preferred.*
Equipment Corp
2.50
Oil & Refining Co
1
American
32%
Jan
120% 120%
Ashland
Associated
Jan
20
8%
Arkansas Power
Arc
6Cent States Elec 6%
Jan
28%
>;£ 450
•
Gas common
A
class
fa
"
1
.
Common
Power
Central
% 2%
1
•
100
.
Pwr 4%%
Arkansas Natural
Central
Jan
<1
£1
Angostura-Wupperman
Apex-Elec Mfg Co common
Argus
Central
Jan
1,200
?
•»—8
-
Anglo-Iranian Oil Co Ltd—'1
?;
Am dep rets ord reg
Appalachian Elec
Jan
46
V
.Anchor Post'' Pence •;
-
30'/a
Jan
24%
431/2
♦
common
Jan
431/2
1,100
5
preferred
Paper
Central
24
39,500
•
5%
Jan
18,200
•
$6
Jan
?? 53%
>m200;*
2
lOo
com.
JNew
>? 49V2
Week's
Last
Sale Price-
.
America.
Jan
27V4
5%
*
common...
Corp
Maine
of
Jan
400
251/2
29%
.AmericanvRepublics—.10, /„• 20
Amer
Corp
Central
1,550
f'
,45
1
•
&
Catalin
Friday
'
Exch^ngs'
;
Jan
15%
Curb
47%
200
48%
—AA
•'
25
—25 ?,?
25
common
.A!!!—.—
American Meter Co
American
800
York
7
-':/!•-SiV.
High
?>#??;
Jan
-
■
-
52
—20
Mfg Co common
Maracaibo Co
American;
LOW
14
1
Mach
Laundry
"
15%
48
;
.
25
American
American
Range Since January 1
High,
15
15
10c
1
common
New
for Week
i how
American
.Sales
of Prices
/
Last
Sale Price
Exchange
/
1
STOCKS
■
Friday
77%"
;
75 y4 A
77%
78%
»
-
v
A 500
3,400
.
#>'25% Jan
/
1
678
THE COMMERCIAL & FINANCIAL CHRONICLE
:
NEW YORK CURB
RANGE
Week's
lAsti:
Bang*
for Week
Sale Priced
of Prices
Curb Exekaage
:
"'
Electric
&
Power
Option
Low
A
•"
>4,950
28%
51%
52
60
pfd—100
Esquire
14 %
Jan
12%
Jan
19%
Jan
24%
62/..
Jan
31%
Jan
200
a 51
Jan
:
20
109
Jan
110%
52
Feb
;;; Jan
Jan
-;900>
13%
Jan
—10*
.3%
Jan
53%
56
61,600
1,675'
3%
*
49%
Jan
56
Jan
151/8
19
3,990
14%
Jan
19-;
Feb
—M
31%
32
55
59
Inc
14%,
f
4%
14'/a
Jan
Co__
250
30%
Jan
32
x41 %
Jan
59%
Insurance Co
Jan
6,800
$2.50
16
& Airplane
Ford Motor Co Ltd—
v
.
Class
A
24
84
>■■■ 14
X27% X27 %
.
Jan
55/8
Jan
81
„
8%;
8%
8 5/8
B
29
T~:
6% Jan
Jan
High
-
>
Jan
—
-
14
115
96
■
99
>
Jan
200
30%
13%
400
■
28%
100
320
.92%
99"
103 .112
80
Jan
r
,92%
4,300
Jan
Jan
■
14% Jan
30%
116 '
114 5 Jan
210
.
.
Jan
Jan
15%
15%
12% Jan
96
•
,7%
:
>13% Man
120
115
.91
111 t
8,000
:
14
30 VV
3Q%
V.
-
32% Jan
Jan;
Jan
99
Jan
Jan'
96
Feb
:
Feb
112 5
Jan
Hydro Electric—
84
Jan
Feb
x27%
,•
69
.
28%
29%
94
100
24%
83%
Jan
66
1,900
Jan
28%
Petroleum
;21%
shs—•
coupon
Jan
28%
Jan
23
Products
—
—.
Jan
23%
Jan
International
5%
Royalty
]
2,ioo
.500
300
3%
68,400
52%
3%
.12%
3%
.
30%
,
28
'
31
,
Jan
5
■
Jan
Jan
5%
Jan
37%
Jan
Jan
37%
2%
Jan
3 Vs
-
Jan
Feb
3%
28
26
Jan
3,500
12%;
3
.
39% Jan
35
2,025
.11%
11%
Jan
13 %
Jan
2% Jan
'3%
Jan
32%
.
Jan
24%
J; 4%
5'A
39'A
*•■
Superpower;A,
4%
37%
voting trust ctfs—• i
Irving Air Chute---—-.v.. — ■ ■■■■ ——«:
24%
13%
40% Mail I
37%
Iron Fireman Mfg
Italian
Jsln
Jan
1,400
36%
it
.
Investors
31% Jan
200
13%
.
38
.
•
preferred
Interstate Power $7
19%
49%
12,600
'
13
37%;
Razor B—
Utilities Corp oom—-18
International Safety
Jan
Jan
23
5 22
22
:135:>;
10
200
.21%
22
shares-
Registered
International
Jan
x28
66
Jan
.1,500
*•
Warrants
Jan
7%
2,800
33%
Co
Industries a,
33%
62%
BO
1
series
Investment
International
Jan
17% Jan
Jan
Jan
.
28
24%
$3.50
Metal
5
26V2 Jan
Jan
67.
10,600
33%
'-'v'
25
International Minerals and Chemicala-r
•
voting—
15%
850
7%
of North America——10
International
Jan
96
25
120
16
Jan
r
n%>
24,000
120
69
.67%
—
■
:
23%
>>75
3,000
17%
;
'78
2,350
1,400
26%
77%
;•;W:
16'A
non-voting—
Class
,7,300
81-
•
:
'Jan'-1
of France—
Motor
Amer
96
,
Canada—>>>
Motor of
Ford
■
14%
76,000
;
rets ord reg
dep
>,.-84
2,700
•
7
82
1
Federal Compress & Warehouse Co—2N
Fire Association (Phila)—
It
Am
16
..
—'v>;
—
Metallurgical
Fedders-Quigan Corp
Ford
6
95%
Brewing
Fansteel
15%
f
>
.
7
pfd
conv
Falstaff
Inst Co—
St
Camera
Engine
15%
15
'
Cigar Machine—*
International
Falrchlld
: 14%
tow
31%
Jan
t
Preferred
Faircbild
14%
—————100
preferred-.
7%
>
International
Pipe Line common
Range Since January 1
High
29%
15
Indiana Service 6%
International
Eureka
Everlharp Inc new common———!
Shares
29 %
—
Indianapolis P & L 5%% preferred-100
preferred
100
4% Jan
.-
Zinc
Chemical Industries—
Am dep rets regis.
Imperial Oil (Can) coupon.
Registered
Imperial Tobacco of Canada
—I
Imperial Tobacco of Great Britain &
Ireland
!—
•«
——£1
Jan;
Jan
>•.
tor Week
•
Imperial
50
•
Ran**
of Prices
tow
Illinois
Sales
Week's
y,
f
Sale Price
Jan
24%
:
7,100
110% 110%
Equipment——.—®
&
Equity Corp cominon
$3 convertible preferred
Friday
.»
Kxekang*
High
150
*
Derrick
Emsco
>
Jan
6%
200
30%
62
\
'
8,600
53
1
Naw York Cork
•'
Low.
12%
24%.
23%
Corp
common
preferred
'V
: 142
10%
Empire District Electric 5%
FEBRUARY
Range Since January l/v
High
Elliott
5%
■'
Shares
Elgin National Watch Co
Co
EXCHANGE
ENDING
stocks
Light 2d pfd A—
warrants
Electrographic
WEEK
Sales
Friday
STOCKS
New Tork
FOR
Monday, February 4, 1946
rets
dep
bearer-
Fort Pitt Brewing Co
Fox
(Peter)
Brewing——_
Distilling—
Franklin
Co
Franklin
Froedtert
Grain
Jeanne+te ■ Glass Co————
Stores
Fuller
Malt common.
n%
(Geo A) Co
Julian St
17
Jan
33% Jan
106% 107%
106
110%
110% 110%
109%
Jan
111%
preferred——..,.
preferred—i—.
6%
&
28
- ■■■ <
Lt 5%% pfd__100
..———100
100
Kokenge Co
•
110% 112
110%
Jan
112%
Jan
x26
Jan
27%
Jan
122%
Jan
Jersey Central Pwr &
27%
26
Jan
Jan
108
110% 'Jan
$3 conv stock
convertible
4%
preferred.
Kansas Gas & dee 7*
preferred
122% 122%
100
A-l
Kawneer-'- Gov'—
121%
Jan
19%'
18%
Jan
25%
449
23
Jan
Jan
20
*
Garrett
Corp common.
Gatmeau
5 %
Power
co
Ken-Rad Tube & Lamp A
Outdoor
Adv
6%
pfd
General
Rayon
General
Shareholdings Corp
$6
Co
convertible
A
Klein
1
$6
preferred
13'
.•
stock
•
(D Emil)
Kleinert
125
8%
1
com
preferred
16%
125
Knott
9
Jan
Jan
22%
2,100
Co
23
23%
Jan
15%
Jan
29%
.
Jan
I
89
Jan
Jan
76
Jan
500
22%
Jan
23% Jan
16,900
7%
Jan
9A.
9%
5,700
8%
Jan
9% Jan
m
141,500
1%
Jan '
2H
Jan
13
13%
Jan
31%
Jan
23
Jan
29%
Feb
100
30
Jan
33% Jan
5,300
33%
29
3,800
29%
33%
Corp common.
12
Jan
14
Jan
Jan
103
Jan
Jan
15
Jan
23%
Jan
31%
200
:
•
Kresge Dept Stores—
4% convertible 1st preferred——100
Geoigta Power $6 preferred—
$5 preferred
•
113
113%
*
110
110
Gilbert
•
.'■•■37%
43%
22%
24%
Jan
100
31
24
Krueger
Jan
76
9
>2%
•
107%
,
114% Jan
86
9%
4
1
common—
114% Jan
10
20
90
..
8%
Kobacker Stores new commoc
5y86%
.
86
76
Rubber Co.
(I B)
113
86
78
107
—•
113
1
Kirkland Lake G M Co Ltd—.
100
Plywood Corp
Service
29%
.—1
Seeley Corp—
Kingston Product*—
Klibi Petroleum.
Fireproofing common—*
Public
28%
28%
100
King
Warrants
General
6%
8%
100
pfd B.
p. 6% preferred D„
preferred Berles A
General
8
100
preferred
4%'%
dep rets ord reg.
General Finance Corp common.
General
t:
12
Co—
Kings Co Lighting 7%
Amer
General
25% Jan
8>A Feb
Kimberly-Clark Corp—•
Alloys Co.
Gen Electric Co Ltd—
5%
-
8
-•
Key Co common—
Kidde
(Walter) &
common.
Mfg Co common-
General
25
•
preferred
Gellman
25%
•
Inc
Kennedy's
(AC)
common—
Preferred
Gilchrist
Harvester
Alden
Glen
Gobel
Class
Goldfield
23%
Mfg
Inc
8%
15,400
67%
150
37
38%
•
103
Mines— —1
Co
A
common.
7%
1st
conv
pfd
Prior
Lionel
preferred.
80
19%
100
31
Jan
550
10%
Jan
20%
400
20
11%
4400
1,500
,
,
Feb
21%
Jan
Jan
11% Jan.
190
73
Jan
80
Jan
360
37%
Jan
41
Jan
3%
Jan
38%;
3%
3%
43%
45%
42
700.
21%
134
>
110
Brothers
160
135
Jan
44
550
19%
21%
15%
2Bo
43%
20% :
—•
15
15%
*»**■
,
Hw-w
115'A
Class
Groceterias
•
•
•
-5
A
B
Steel Chain
"15%; 16%
*
'
•28
40
1%
6%
Co
17%
Co
Ltd.
Hartford
Hartford
10%
Rayon
10
40
Hearn
Corp
common
Co
5%%
(R)
& Co
w
Hormel
common
—
A
2.95
—.
$
•
•
Si Co common
& Hardart
Baking Co
common
1st
6%,
pfd
14% Jan
:
26
Jan
28%
15%
Jan
19%
Jan
2%
3%
165,200
2%
Jan
3y4
Jan
225
103%
Jan;
107%
Jan
103% 106
.
,
94%
96>
10%
11%
94
1,925;
Jan >
45
—
46
3
1
(Harvey) Inc..
: 25
3,200
18%
42%
15%
18%
16
900
1,800
16%
38
200
Jan
Jan
16%
Jan
350
42%
:
150
15%
Jan.
/
Too .;
.
16
; 25
23%
44
75%
so
20
52
75
16%
--
••
>
52
Jan
800
> 5 73
>' Jan
13% Jan
80
Jan
16%
Jan
22%
Jan
27
Jan
20%
Jan
>;;•
13,100
27
■;
750
.
—
'
"'
44%
41
42%
115
36
80
115
36
37% >
,
725
10
1,950
51%
6,800
12%
13%
/;3,600
Co..
27
29
•«
47
48.
17
common
40%
22%
Jan
■
17%
*
150
1,500
40
>
Jan
115 V. Jan
36
Jan
44 Va
43 %
115
,
39%
Mead
Johnson &
,
25
Jan
Jan
48%
Mercantile
Merritt
Stores
>125
>27
Jan
Metal
>
Textile
Participating
conv
For
arrear
14
Jan
Feb
30%
Jan
Jan
48
Jan
17%
Jan
675
Jan
10
14,700
Jan
■:■>•; 10
1,050
Jan
50
6%
600
Jan
> 25%
900
32%
footnotes
see
page
72%
18%
681.
34
71%
ctfs.
19%
preferred
Jan
Jan
6 'A
Jan
25%
Jan
Middle
Jail
94% Jan
Jan
22%
Jan
Jan
45
Jan
1,800
17
44
300
42
17% ; 18%
27%
'
2,200
16%
2,400
27%
5,800
8%
24
-24%
24
110-
9%
11%
.11%
13
60
"*9%
19%
Jan
26%
Jan
8%
Jan
12%
50
109%
Jan
Jan.
Jan
6%
36,000
12
<■',
60
.
'•
v>9%"
9
Jan
23%
1,300
11%
17%
25%
1,800
12%
110
40%
Jan
Jan
2,400
'26
41%
Jan
10
;
Jan
30%
Jan
24
24%
Jan
Jan
18%
Jan
9%
4 8A
Jan
28%
9
-
58
30
; 6,000
17%
.
110
-i
.8%
250
.
ie
j
11%
Jan
..>'•;
Jan ^
60
Jan
Jan
12'A
Jan "■
9% Jan
2,200
Jan
9% Jan
17%
Jan
Jan
"5%
> 45/8
Jan
5%
13%
13
13%
6,500
11%
Jan
13%
Jan
23%
22%
24%
2,600
20%
Jan:.;
24%
jan
•
16%
17
600
16%
Jan
18
Jan
'
3%
Jan
4
Jan
20% Jan
23%
Feb
15
s' Jan
16
Jan
35
'
5
Oil
Corp
,5y«.
26,700
conv
,
■
Jan
•
3%
3%
3%
10,500
5
preferred—•
•23%
21%
23%
31,700
common—
$2
Corp
non-cum
,
1
Midland Steel Products—
$2
16
1
t c
West
Midland
Jan
Jan
21
18%
Middle States Petroleum class A vtc.l
v
19*%
13%
•
Micromatic Hone Corp
Class B
12% Jan
3% Jan
2,600
■
28
1
2.50
Jan
10
5
dividend shares
•
34
-
34
,i
34
37%
>
40
50
32%
Jan
900
.
36%
Jan
Jan
"
Mid\ale
Co
Mid-West
i
common
Oil
Piping
Co
&
Cupply
35%
Jan
75
Jan
5%
conv
preferred
Mining Corp of Canada
Jan
19%
Jan
Minnesota
&
•>.'
L
5%
_*
•
pfd-—
100
105
11
9%
12%
1,300
>39
,
39
57/B
11,500
36%
8,400
93% 105
900
11
6,500
10%
Jan
9»A
Jan
Jan
12%
11%
33
100
5%
30%
>■
40%
7 >• Jan
7,200
11%
.
5 7/8
36'/8
8%
V
•
1
50
•
; v
1
—-1
common
Jan
P
<■
8%
10
Co
Refineries
Wohl
•
30
Abrasive
Jan
70%
;
Michigan Bumper Corp
Michigan Steel Tube
Miller
preferred
;
Jan
40%
2,800
m
1
Corp
Jan
26
8,500
19 VB
250
Messabi Iron Co
48
Jan
43%
.—100
-
Jan
26
20
•
:;9:^
Scott————*
A preferred
Midwest
5%
St
Preferred
650
Jan.:
6% %
Mid-West
Dividend
•;
12,
Midwest
Illinois Power Co common.
common
Chapman
Michigan Sugar Co
Jan
Jan
39%
100
.:
16
20"'
O
•
common
T8
4% > ';>;4
1
Co
Memphis Natural Gas
Jan
Jan
8%
309
94%
18%
15%
Harris
McWilliams Dredging-—.——————*
Jan
; 31%-Jam
50
8%
45
6
26% Jan
;;
Feb
40% Jan
'
J.
>A44:>
■?> i
Jan
Jan
7%
3,100
26
common—————•
McColl-Frontenec Oil Co 6% pfd—100
McCord Corp common—
$2.50 preferred
—*
Massey
Jan
Jan
,
47
26
—1
Mass Utilities Association v t 0
Jan
17
109
-
8%
-46
£1
*
Ltd
Co
Marion Steam Shovel
Jan
40
32
-
Jan
Communication
Jan
;-516%
Jan
>
7%
1
Consolidated Mfg Co—
Marconi Internal Marine
'
Jan
18%
44%
to*J -'jfip.'■
7%
«.•
*
:
Mapes
24% Jan
21%
49
preferred
Mangel Stores common
(The B) Co
Manischewitz
Jan
19%
;
.
Jan
46
>>.''
'
Jan
3,000
,
31%
Hydro Electric Securities.
Hygrade Food Products
15%
108
175
16%
14%
26
_/
AAA >.;H
.
Jan
■
.
7'A
•'
Jan
Jan
1127/a Jan
M
Jan
14%
Jan
8,200
>
Qprp
Ligonler
41%
97%
12%
■
10% Jan
16,800
111%
optional warranto—
Manati Sugar
Jan
550
•
Feb
Jan
6,600
10%
>
16%
;
18 5/8
95%
Exploration.
&
Land
Jan
10%
>56 5 Jan»
11% Jan.:/.'.
21% Jan
12,200
14% i{»
50%
100
Corp..
>>:
4,700
17%
;
—•
$2.25 preferred
Com stk purch warranto
Huyler's
Jan
17%
>: 17%
.
•
Humble Oil & Refining
Hummel-Ross Fibre
Hussmann
8—
•
preferred
Hubbell
Jan
7%
f:;: 15%
•
10
& Hardart
Stores
70%
Jan
30
:
108% 108'A
Horn
5%
Jan
23%
Horn
Howard
68%
6%
70%;
42%
:
Inc
(Geo A)
Jan
23%
w
Hollinger Consolidated G M
Holophane Co common
Horder's
Jan
38%
.6%
25
17%
common.
class
Jan
8%
350
V13 %
18%
common—
preferred
Heyden Chemical
Hoe
6%
—.
I
n;,.
Henry Holt & Co
14%
2,600
'
————•
Class A
Heller
1,800
10.%
41%
6% ;>7%.v
20o
—
Mining Co
Rubinstein
17%
9
7
•
Dept Stores
Hecia
Helena
16%
40
.
,V
70%
voting trust ctfs
I
Harvard Brewing Co
\
Hat Corp of America B non-vot com—1
Hazeltine
Jan
30% Jan
28%
v
103'%
preferred A ctfs of dep_
preferred B ctfs of dep.
Louisiana
3,400
i'\
Paper.
Electric Light
Jan
30
26%
3%
Lynch Corp common.. .4,,
Bridge
26%
Jan
Jan
Feb
-17l/a
17%
,
Jan
...
—
Long Island Lighting CoCommon ctfs of dep
Jan
14%
r,-';
common
Lone Star Gas Corp common-
Jan
.17%, Jan
^3% Jan
;
1,400
>V>h>;
•
42%
6,700
—
v.V
Locke
Jan
137
134
975
43%
pfd
100
Lime St Alabastine————•
Lamp
45%
Jan
30%
■;
3% Jan
Jan
23
Inc 6% preferred—25
Louisiana Power & Light $6
/fall
Jan
13%
Jan
9%
Corp
Loblaw
115% 118
21
Hammermill
Jan1
33
"
State Utilities $4.40
Hamilton
20%
i
31,700
89
.
;38%
12% Jan
15% Jan
-
Jan
33
10%
10%
Jan
Jan
Jan
13%
.
20 Vs
Oil
Class
common
12
preferred
Lipton (Thos
Tea—
100
19% >20%
8 S/8
11
Material Co
Line
stock——*
preferred
9,500
Development—
Le Tourneau (R G) Inc
1
Pacific
Paper
Greenfield Tap Si Die
Grocery Stores Products
Gulf
Convertible
1
(Cal)
&
common
9,500
15%
Monotype Machine..
Leonard
25
Northern
Gypsum
114,100
Lit
Atlantic
Great
4
3%
12%
13%
:43%'
Lefcourt Realty common
100
—10
Graham-Paige Motors $5
Non-voting
103
10%
32.
•
^
21%
5,900
.
12%
20
B.
Lanston
400
•
,
Grand Rapids Varnish.
Great
22%
13%
1,100
14%
Wells Co common.
Class
—•
,
Gray Mfg Co
Grayson Shops
>
14%
22
.22%
Langendorf United Bakeries class a—"
———JO
class
Mfg
/
Mines Ltd
Shore
Lane
8,200
7%
66%
—
preferred
Gorham
24%
1
—•
Consolidated
Goodman
14'A
.1
Lakey Foundry & Machine—
Lamson Corp of Delaware-.
5,400
>
,•
common
Sugars class A
prior preferred
Gorhara
$3
Corp-
B
$4.50
Lake
•
—
Coal
(Adolf) Inc
Godchaux
.—
•
—
Gladding McBean & Co
Gleaner
Co
•
-
Co
Brewing
>
5
;
39
Jan •:Jan
73
Jan
8%
Jan
Jail
6
Jan
24%
Jan ;>•■
.Jan
36%
v
105
Feb
11%
...
>•
Feb ■:.?
■.
Jan
—
---
•;
f
Sir f>-,'
;/■''/
-'V;■//
ft/V/Z :/://&$;
V...
THE COMMERCIAL & FINANCIAL. CHRONICLE
Number 4461
Volume 163
NEW YORK CURB
RANGE
Friday
TOOK
t.mmt
Exchange
New York Curb
Week's
WEEK
EXCHANGE
ENDING FEBRUARY
Sales
Range;-
77'.;'
for Week
of Prices
Sale Price
FOR
Shares;
"
1
:777:«:^7"'7"
New
York
Curb
Week's
Sales
Ranee
for Week
of Prices
Friday
STOCKS
Shares
Exchanga
7:7 Range Since January 1
Sale Price
Range Since January 1
'
'
:
common.
Loan Society A—
Montana Dakota Utilities
new
Ward A
Light Heat & Power
Montgomery
Montreal
Morris
Mountain City
States
Power
7
5%
9%
10%
13 Va
5%
;
13
■■y'
15
Jan
777. 7%
Jan
56,800
22%
48 %
9%
5%
43/4
10%
93%
;
10%
31
50
9.
Prentice-Hall
10%
Jan
Pressed
31 ;
Feb
Jan
Jan
Jan
19%
193/4
850
18%
Jan
16
17
2,500
15%
Jan
.
Pratt 81 Lambert
Premier
263/4
;
Jan
Jan
Nachman Corp
27%
National Breweries
common
Producers
Jan
Jan
Jan
Public
17
Jan
National Union Radio———.
19%
Jan
Jan
Quebec
Jan
2,600
13%
15,800
3%
Jan
46,100
7%
Jan
70
90
11%
91%
2,000
30
15 Ve
111
-7
Jan
Jan
19%
Jan
400
12%
Jan
19
11%
Jan
12%
Jan
88% Jan
943/4
Jan
25
30
Feb
31
Jan
260
128
Jan
22
Jan
133%
443/4
545
40
Jan
46
300
30%
Jan
32
Jan
79%
81%
72
Jan
81%
8
73%
8%
543/4
2,900
543/4
•
7%
9,300 '
25
Jan
10
61
64
650
57
Jan
64%
28%
30%
500
28
Jan
I93/4
23%
3,600
109% 1103/4
180
w$
v
v
23%
109%
92%
91%
1,300
94%
10
12
10%
12
100
—100
122
Niagara Hudson Power common..
preferred
2d preferred
122
93/s
Jan
Niles-Bement-Pond
Corp B—......, -.,,..1
Jan
112
Jan
109%
Jan
110%
Jan
.7/i
109% 110
24
24
21
;;7 20
12
Feb
3,375
117
Jan
123 %
112
Jan
116
11
Jan
127/a
105
Jan
105%
Jan
22%
20
Jan
18%
21,400
4%
19,500
35
8%
140
11,000
9%
140%
51%
51%
50%
51
12%
3%
30
15,000
>
400
Jan
3% Jan
.
Jan
4%
Jan
7%
140
35
Jan
Jan
51%
50 %
Jan
51
6%
Jan
Stix
Goods
Dry
9%
100
5,000
4,700
8
110
110
12%
Feb
9%
Cable
Corp
Ohio Power 4%%
preferred
t
100
Ohio Public Service 7% 1st pfd—.ICO
6% 1st preferred—
—..100
Samson
Oklahoma Natural Gas common
(D
54%
Jan
Scovill
13%
Jan
Scranton
38%
39
900
35%
Jan
39
Jan
Jan
55%
A)
Oliver United Filters B.—.
—•
1
'
,
..
..
18
,
.1
3%
Jan
34%
115
Jan
39
118
108%
60
105%
18%
200
22
108% 108%
18%
23%
23%
24%
22"%
22
22%
23
Jan
118%
Jan
110%
Jan
111%
Jan
Jan
44%
Jan
15%
2,050
400
5
25
1st
6%
1st pfd
28
preferred
25
Pacific Lighting $5 preferred..
Pacific Power & Light 7% pfd
Pacific
Public
American
Airways
Parker
Motors
Parkersburg
Patcliogue
40
Jan
16%
Jan
22
12% Jan
18Va Jan
14%
25
'
2%
22%
9%
7%
common.—!
6%
7%
j
Penn-Dixie Cement warrants...
Penn
Power
&
penn
Traffic
Penn
Water
A
;
new
2-50
«
I..?0
common
Electric
Pierce
j
common
7%
Governor
Pinchin
Johnson
Pioneer
Gold
Ltd Am
Bess
&
L E
For
II
com
page
900
50%
Elec
(R B)
28%
9
Jan
30,100
17%
82%
,V
mm'
19%
84
"
■
-7 V
7%
Jan
Solar
Aircraft
Jan
Solar
Manufacturing
40,700
—
—
1,300
250
9%
82%
59%,
g
86%
60
2,700
50
50
1,500
20%
728%
31%
2,075
16
173/4
1,100
28
28%
900
16
;
28
I_
~j
5%
11%
'
.
-■
62
7 50
17%
Jan 7
21%
..
20%
Jan
Feb
32%
Jan
Feb
17%
Jan
Jan;.'
30%
Jan
5%, Jan
11%
15,100
7%
47
76%
47
76%
75
.
27
;,v
28
Jan
-
;■
9%
24%
6%
1
'
*■
11%
21%
27%
33/4
Jan
6 3/8
Jan
26%
Jan
343/4
Jan
993/4
Jan
105%
150
105 Va
Jan
27%
2,000
7,200
8%
Jan
4,000
4
Jan'
10%
29
;
Jan
7" 12% J$n
200
147/s
Jan
16%
10%
20,100
8%
Jan
l03/4 Jan
20%
1,400
600
16%
'
Jan
77 20%
Jan
148 Va
Jan
111%
Jan
77 273/4
Jan
110%
Jan
Jan
20
10
111
Jan
Jan
19%
130
253/4
21%
1%
"7
Jan
Jan
23
10
-®
50
0
—-
2.78
-l
Standard
—.10
7/
190
23% Jan,
48
7%
Jan
6%
6,800
7%
355
350
374
Jan
350
173A
18%
20 3A
14%
13%
15%
14,300
53/4
51/4
57/a
25,200
13%
13%
9%
62
Jan
31%
Jan
33
Jan
49
140
44
Jan
32
321/4
800
31%
200
Jan
31 %
/
150
T—i CM
13
12
13
17/7 ;;77-
17../7 17%
:
400
i-2,130
12 ft/7 Z
II
7:8%,
73A
8%
3 3/a
27/a
3%
40
42
;
■
'
Jan
Jan
Jan
Jan \
9%
7%
5,100
Jan
Jan
2%
Jan
Jan
Jan
44%
Jan
35%
1,450
37
Jan
6,200
6
Jan
/. 25,
8
251%
Jan
Jan
3%
2,000
26 3/4
Jan
12
43%
44%
7%
Jan
Jan
43%
261/s
13
92
8 3/8
38%
77/8
.■
'
41
-
Jan
18%
Jan
75
1,400
14,200
14%
•
11%
Jan
263/4
253/B
Jan
16
1,300
'
11%
150
Jan
13
Jan
jan
31%
7
1
13
;
49
32v4
7
Jan
30%
i
Jan
Jan
100
/33,/g
31%
Jan
56%
313/4
'
Jan
10%
46%
M—r:
Jan
"
47
;
-
Jan
2,200
'
33
:
Jan
9
900
9%
601/4
56
633/4
2,700
14
Jan
-
5%
141/4
Jan.
5
Jan
15%
Jan
■
12V?
.;
Jan
20%
Jan
11%
9,900
20%
Jan
73/4 Jan
7% Jan
—1
-1
26
10
Jan
(Ky)—
Jan
5%
Jan
100
48
Convertible
Oil
Jan
10%
10
11%""
111
•
28 Va
Jan
•
•••
Jan
^
Jan
47
7,
950
20 3/8
24%
Jan
v
28
Jan
144% 148%
550
46
.
Jan
3,150
9%
Jan
50
718% Jan;
27
Jan
y&tl
-721% Jan
Jan
•
4%
76%
Jan
9 Va
25%
Jan
71,500
93/4
1
(A Q) & Bros pfd
'Spencer Shoe Corp
Stahl-Meyer
Inc
Standard Brewing Co
Standard Cap & Seal common
Jan
Jan
Jan
6%
1
Co
—;
■
99%
26%
---*
Oil
£
,21
343/4
104
22%
common..
179
Jan
5%
250
4%
Jan
14%
Jan
Jan
32
73%
Jan
46%
113
98
1
1,850
13
;
Feb
Feb
140
6%
2,500
27
preferred
10
Standard Dredging Corp common
-1
$1.60 convertible preferred———20
2,300
Jan
Feb
8%
Jan
24
——-
—
Pipe Line
Southland Royalty Co
Feb
Jan
4%
45
17%
400
20%
-
Southern
Jan
J:iOV4
Jan
25,400
6%
•*
Spalding
Feb
Jan
18,700
.7
24
—
Corp
Penn
Jan:
93/3
Jan
162
Jan
9
33%
Jan
■42%
1,900
6%
-1
20%
Jan
Jan./;
24,600
xl3% xl4%
Jan
14%
28%
6%
Jan
'11% Jan
Jan
118
340
19%
Pa Pipe Line
California Edison—
original preferred
25
6% preferred B
25
5%% preferred series C
-25
Southern New England Telephone__100
Southern
Phosphate Co—-—
10
Jan
5%
;;v-
Jan
6%
2,700
174
168
5 %
Jan
Jan
7 7 16
27%
v-i
113
46%
44 %
Southern
Jan
86%
•;475
16
Southwest
49 Va
;
South
Feb
Jan
;
^
Va
'a 42
70,300
8%
118% 140
Co.^i——J
South Coast Corp
Jan
9Ve
900
11%
Manufacturing common
Jan
115 '
Jan
Soss
54% Jan
9
Jan
9%
14%
,
Jan
Sonotone
Jan
48
/:
1,500
29%
Jan
Jan
84
78%
50
20
\io
681.
73/8
950
59
7
7;777:77./
7 113%
Jan
I 21%
Jan
Jan
52%
'
10,100
7%
853/a
17 %
82
175
,
,—
common
28%
113% 114%
8%
Pattern
8
9 r'
2,400
45
7%
-1
—25
25
preferred——-—
28
1,860
:/
'
Manufacturing Co
—100
Binger Manufacturing Co Ltd—
Amer dep rets ord regis
Smith (Howard! Paper Mills—*
Jan
<,
7%.Jan
8% Jan
79
Jan
3% Jan
t
7,600
4%
3%
common—
convertible
$3
600
'
83/4
Ltd
10
9'/a
of Canada
50%
g
Jan
Jan
Jan
93/8
42%
Inc———-——-I;
48Va Jan
Jan
Jan
8
40
■
-
Jan
11%
...1
Singer
Jan
Jan
9%
Jan
293/4
,
■
common
pfd
$6
Breweries
Simplicity
Jan
Jan
50
18%
—.50
Metallurgical
see
31%
Jan
6 3/a
10%
1,775
31,400
8%
Steel Co common-—-——-
Co
Silex
•
Jan
7 Jan
,
Jan
8 V2
»
k
Simmons-Boardman Publications—
Jan
-26%
79
Jan
223/4
7%
10%
;—8
preferred—.———loo
Slck's
Jan
19%
III "3
III50
RR
footnotes
Jan
Jan
8%
"i
Ltd..
Pittsburgh & Lake Erie
Pittsburgh
ZlO%
19%
"•
Shs
Pitney-Bowes Inc
Pitts
27,600
20
•
common
Piper Aircraft Corp
12%
"25
nfri
Co
Mines
14
400
193/4
Jan
9,600
,9
31%
30
50
common
Sherwin-Williams
27% Jan
28 % Jan
Jan
%
,
Power 5%
Pnlllips JPacking
Jan
11%
28%
9
7
Pharls Tire & Rubber
Pbtla
Jan
44,100
84
Jan
*/
Brook Water Service—
preferred——
4%
Jan
14%
61%
Co.
Philadelphia Co
115 %
50%
pfd__IHoo
Light 4%%
Co..
Pepperell Mfg Co
Jan
Jan
30%
«
com
& Power Co
Perfect Circle
113%
All%
12%
79
18%
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
*
Eiec class
70
a
,
Penn road Corp common
Gas &
Jan
18
\
.
Mills.—,
Jan
'
Jan
Jan.;
Jan
3,900
Sentinel Radio Corp common
Jan
40%
11
10
.
43%
107%
27
11%
7/
11%
20
'
Jan
,v
6
2,600
Shawinignn Water & Power
Sherwin-Williams common
Jan
Jan
,100
1
Jan
Jan
21
2,700
6%
Shaftuck Denn Mining—————®
42
11%
'
•.
Jan
Jan
26
63/4
Jan
.7'
Jan
25%
v
:
-
351/4
700
8%
Jan
38%
.
v
1,300
1
i
Manufacturing
Bemler
Jan
14 Va
26% Jan
12
Am shs
Rig & Reel..
Jan
109
Jan
93%
Jan
193/4
40
21
$5.50 prior stock——z«
Allotment certificates.—————-
Jan
105%; Jan
700
200,
II*
common
warrants
Peninsular Telephone common—,—.*
$1.40 preferred" A...
—..—...25
°®nn
14%
12%
1,500
1,500
113% 115%
Li-..:.;/.
Corp
Plymouth
43%
40%
107%
42%
100
Co
Pen
14-
106
40%
•
Pantepec Oil of Venezuela
Paramount
42%
107%
Service
ft $1.30 1st preferred...
Page-Hersey Tubes new
Pan
;
13%
3,100
36%
Seton Leather common—
14
| 10%
Feb
20%
-v.7 Jan/
5%
2,000
20
Safety Control
Berrick Corp class B
*
v,
6%
-
;
;
Jan
4%
;
:
v
'
10
Sentry
:
-
.fe
19%
Jan
43/8
Jan
22
4%
Jan
IO1/4
Jan
; v; 600
/"■
Jan
350
Corp", General.. ■
"■..""j'-.'ji
Inp—
Segal Lock & Hardware
Beiberling Rubber common
Selby Shoe Co..———*—
Selected Industries Inc common
Convertible stock
4% Feb
117
—'
..
18
% 1,200
100
Seeman Bros
Jan
42
44%
-
Jan
41
Jan
Bcranton Spring
Jan
Feb
10
Jan
■7
Jan
preferred
Convertible
Jan
32,500
140
49
s
Jan
Schulte
1,200
Jan
2 3%
Jan
Jan
117% 118
Jan
34%
3%
Jan
Jan
111% 111%
x43% 44%
371/2
Jan
24
Jan
•25%
8
110
45
43%
Feb
1,500
2,600
17,200
104
12%
111%
15
31
34%
15,600
Jan
5,700
10
Jan
333/a
5%
United Corp
1,900
115
28i/4
120,700
Jatt1
21% Jan
4,400
115
Jan
4%
Savoy Oil, Co..———.5
Schlff Co common-.——.——-——-*
Jaii:
55%
325
24
10,600
23/4
pfd F
Regis Paper common
Salt Pome Qil Co—..—»
;
54
13%;
39
Jan
y7:;.v 10%
V'
13
37
Jan
Jan
58
3%
0t Lawrence Corp Ltd.
Class A $2 conv prfcl—
51%
.
39'%
fv;
50%
37%
115
117%
Jan
t c———1
Securities
Brass Co class B common——•
37»/4
36
41
Works
Ryeraon & Haynes
51%
4%
1,100
31
$
Petroleum Co
13%
38%
3%
39%
10%
common
Art Metal
53%
4ya
33'/a
9%
Ryan Aeronautical Co
Ryan Consolidated Petroleum
Jan
Jan
45%
41/4
Jan
4
108%
100
Jan
31V4
•
10%
104
110
3%
925
•
30%
31
31
•
18%
Jan
24
'I
St
21%
Jan
21%
55
*
& Engineering
Russeks Fifth Ave—
Jan
9%
;:.6%
1,150
1,600
10%
24
25%
-.5
*
Do
Jan
73,400
32%
9%
39
.
Jan
19%
Jan
Jan
49%
19%
Jan
16
9% Jan
146
: Jan;
Jan,
300
~7%
Jan
167%
Jan
300
/
103%
110
1
preferred
20
Rotary Electric Steel Co—-—-——10
Royalite Oil Co Ltd
Feb
22 %
12%
Ogden Corp common.——;
5%%
Jan
900
4%
$6
Pacific Gas & Elec
Jan
18
175
3%
Scullin
common
Jan
22 V4
Jan
$1.20 convertible
Jan
51
50
5% pfd__100
Northern Natural Gas
20
Northern States Power class A
25
Northrop Aircraft Inc
1
Novadel-Agene Corp—
,;
Paclfio Can Oo
24%
Jan
15%
173
31%
Root
Jan
20
1%
RR Co
Overseas Securities
Jan
20 r
104% 106
Roosevelt Field Inc
Jan
1
Texas Oil
Omar Inc—
23
475
17%
32%
Ronson
Jan
40
7,900
51%
Northern Indiana Pub Serv
Ohio
;
175
"
Penn
Jan
23/4
,
1,100
21
17%
17%;,
22%
Rome
Jan
8% Jan
....
13,000
.
•
5
Utility Securities
Northeast Airlines
North
;V. .100
100
Rolls Royce Ltd—^
Am dep rets for ord reg
£1
50
prior preferred
Northern Central
108%
Jan*
Jan
104%
Rochester Gas & Elec 4%
Jan
95
'7
12"%
33
140
■
•
Class B common..——..—..—*
American
Jan
112
Roeser & Pendleton Inc———*
23% Feb
111
!
Jan
3%
3%
8%
& Power common__l
North American Rayon class A
6%
Jan
17% Jan
34%
Electric—.—1
preferred.—..... ...
North
204,900
123 %
19%
I "4%
Nlpisslng Mines.—.——...—5
$6
85%
11%
21%
North Amer Light
106%
2%
;
;
—''i '"}■
>K
24
:
—
Rio Grande Valley Gas Co V
Jan
105 % 105 %
12%
Noma
40
Richfield Oil Corp. warrants———
Richmond
Radiator
—I
11% Jan
2%
Niagara Share Corp class B com....5
4%%: conv pfd—————,—..100
Nineteen Hundred
18%
.109% Feb
490
115% 116
~3
optional warrants
B
107% 10^7%
23
Rice
30J% Jan
pfd...—100
1st
Jan
10%
Reliance Electric
177.8%. Jan
54% Feb
543/4 Feb
11%
N Y State Electric & Gas $5.10 pfd.100
Class
Jan
10%
103/a
74,200
,
Co.
Power
Reed Roller Bit
Jan
10
5%
16%
Jan
7:
1
10
Raymond Concrete Pile common
*
53 convertible preferred————*
Raytheon Manufacturing common..50o
Jan
31%
11
Rosar«o
5%
Jan
10%
Railway & Utility Investment A—
Rath Packing Co. common
Jan
423/4
543/4
Merchandise
N Y Water Service 6%
l43/4
10O
Railway & Light Securities
Voting common.....
————10
22% Feb
77
81
1
N Y Shipbuilding Corp—
Founders; shares....
2,300
Radio-Keith-Orpheum option warrants.
Jan
950
% 1313/4
19
;
31%
;
Cocommon.—
Honduras
'
23/4
Jan
N Y City Omnibus warrants..
&
Jan
Jan
4%
31%
1-25
Arizona Land
16
129
44. 7
—*
-
213%
200
30
131%
■»-■■■■
■■
New Process Co common
Y
Jan
13%; Jan;
7108%; Jan
5,700
89%
v;
30
Ilioo
.......
223/4
11%
•
.
preferred
Y
20%
16%
.100
Quaker Oats common.
6%
preferred-
24%
15
153/4
Ilioo
New Jersey Zinc
N
Jan
Jan
Jan
111
19%
*
New Idea Inc common
N
Jan
15
2,500
ns
Jan
Jan
4%
110
~
Power Associates—
Auction
Feb
3
85
15 V8
110
17%
20%
preferred——
N Y
7/48
Jan
Jan
2%
7 2V&
.100
$5 prior preferred
22%
••••
13%
10%
223/4
Neptune Meter class A
Nestle Le Mur Co class A.———
&
20%
10%
6% 1st preferred
7% 1st preferred
Puget Sound Power & Light—
Jan
Jan
82
133,300
Colorado—
of
900
14%
4
-.100
New Mexico
24%
Jan
"23/4
Jan
Jan
27
Jan
17%
19%
Gas
Service
-..100
18%
24%:
14
Corp.—.
New England Tel & Tel.....
New Haven Clock Co
28%
Jan
20
100
.
18
..300
Nebraska Power 1% preferred—
22
24%
1
National Tunnel & Mines common
17%
22
12.50
National Transit
$2
Jan
14%
Jan
Jan
16%
of Nevada
Prosperity Co class B
Pyrene Manufacturing
21%
3,000
14,200
27
16%
& Stores common— "III
*
National Rubber Machinery
IIII*
National Steel' Car Ltd
e%
-1 Z;'-
America
Puget Sound Pulp & Timber...
Pyle-National Co common
40
Jan
44
700
^
3^-;
u:'
Jan
42
2%
■
Jan
Jan
32%
36
25%
National Mfg
New England
48
48
:
6%
;
Jan
.;.,
50
36
—50a
Lines common
(Herman)
45%
10%
22%
2,600
common
28%
Jan
5% Jan
42
-8 %
National Fuel Gas
Nelson
23%
Co
of
Corp
Providence
19%
•
26%
Jan
IlOO
———
Mining
Inc
Metals
28%
S
24%
Jan
8%
12,100
8
7%
27%
24
.-25
National Candy Co common
National City
6%
common
preferred v:-——l-———
7%
28%
6%
.———
Bellas Hess
Gold
148 3A
y;
;V
National
1st preferred—;
Jan
28%
10%
Alexander...
&
Corp of Canada
Jan,
•
9%
High
Jan
Jan
100
.25C
...—
6%
1,600
24%
7%
•
Power
Jan
':144%
■
Powdrell
'$• 6%
5%
i—7
t.
Jan
Jan
22 3%
*
:
7%
24%
1
common
Mining Co
Jan
«"500
4'
Polaris
103/e
273/4
;
16%
5%
Scale
Pneumatic
Low
7%
..10
Pleasant Valley Wine Co—.—
14;., Jan
"50
Jan
4
Jan
•202
Jan
9%
7
7;
'k/
Jan
47
26
-100
*
——.2%
'
Jan
203/4
,
5,600
33,600
5,900
5%'
Jan
.,
32%
i
High
Low
Far
,
7.7718% Feb
7 5 10%
Jan
11% -Jan
197
75
10
31
4
3,200,:
,150
45Cf
.
48%
31
35,700
7
High
Jan
8,300
•
200
9%
•
common
Mfg Co
Muskegon Piston Ring-Muskogee Co common—
Murray Ohio
30 7
14
.
200
215/8
Tel
Mountain States Tel &
183/4
4%
10
,
•
Producers
Mountain
17%
7QV. Low ;;:777:
32%
'
10c
5o
10
Copper common
Mountain
High
31
"183/4
1
com—5
*
Investors partlc pfd
Plan Corp of America
Moody
31 *
1
1
Molybuenum Corp
Monogram Pictures
Monroe
Low
PaT
•
common———*
Missouri Public Service
8
Jan
350
24%
Jan
26%
Jan
2,700
24%
Jan
26
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
RANGE
8TOCK8
Sales
Range
High
""
Steel Co of Canada
Stein
& Co
(A 1
Sterchi
Jan
21
Jan
Feb
723/i
Jan
Jan
jan
;
Jan
x35
200
29
28%
*1,200
24
30%
2,400
18
—
25%
8 3/8
Jan
Inc.
(J B)
:
Murines
Stroock
(S) & Co common
Atlantic
Jan
9%
8%
Jan
Jan
14 3/a
Jan
Bethlehem Steel
23%
1,875
20%
Jan
23%
Jan
Bickford's
3 %
Jan
3%
Jan
Boston
32
Jan
Jan
44
Feb
1st
Portland
Jan
Jan
42
Jan
26%
Oil Corp
J&n
34%
Jan
14% Jan
Q-F
J-D
Taggart Corp common
v
34%
34 Yb
Technicolor Inc
26
Texas
Power &
/
4,900
i1
^;9% M0
9%
22%.
22%
42
16 3/8
21%
19
19%
'
Debenture
Debenture
5e
ref
1st
ref
MS
37
Jan
Consolidated Gas
25 Vs
28(4
Jan
r
9 3/i
/ 121
Jan
Jan
-
10%
.'24; i
.*
*.
Tilo
Shovel
5
Co common.—..—
21
Roofing Inc
21Ya
Tlshman
1
Realty & Construction-
Tobacco
&
Tobacco
Product
Allied
•
■:'■
—4
♦
Stocks
.
•v*t i'-fr
850
Jan
Jan
'
Jan
16
■
500
-
71%
40
5,500
v
107% 108 0
1093/4
110 3/a
118'
iv'- ■■/'■'':
"
119»%
113
29
"
115
105
1
/ 107%
106
'
106
"105
106
106
105
106
103%
'
104Y4
i
105
34
_L
106'/a
:
105% 106%
'
107%
107%
M-i* :y;v-
107% 107%
5
.
108 3/4
107'/a
105
107 7/a
72
*107'% 109
107%
68Ya
66%
-
ISI5 s
*108% 110
'
0 '•
J-3
.
91
x
.
v/
106
0x"-0\.0')
3-D
% J-D
803% 91%
/ 82
93
350'
1033/4 104 YYY
106
496
/
■00M0<>':
000,'4'0
68
1954
.
Y'
■.
.
81%
*123% 126
i
...
RRr—
'
Lackawanna of N J Division—
\
42
Jan
15% Jan
30
71
;
1st
Jan
.21%
i
Jan
71%
14%*
..
Jan
Jan
49'/a
128%
128'/2
Jan
9%
39%
105 3,4- 106 Va
128% 128%
3%s.——1965
Elmira Water Lt & KB os
A9ot»
Jan
81%
48% , 49 :
105%,106%
4s ser B—..——-1993
mtge
Eastern Gas & Fuel
Feb
19%
••
79%
4s ser A-—i-—-1993
1st mtge
Thew
105 '/
(Bait City)—
v1Y. ^
*
-Y
A-O
"Z;^
Delaware Lackawanna & Western
Jan
V1-."'"——
A-O
'
(Bait)—
4%s
Gen mtge
0)
66%
*
■—J—.1971-;
1969
2Y48 ser Q
1976
mtge
68
0f-A 0. ,104
3s ser P
mtge
Jan
11934 Jan
115
84%" 91%'
85% 93
■
,92
MS
1969
34 % Jan
.L '
1
\/00 00'-- -0
104
103Y4
■
'■■■■0 5
10J0 8.
119 ' ::■■.'■•
107% 107 %
90
M-S
5s———-.1950
5s__
1958
deb
: 10%
Jan
■
■
101Y4
44.
'
,.,-r
J-J
19R4
(part paid)_1927
5s,.—.—1966
1
Service
Conv
.
15;:V Jan
9% Jan
2,40016,100
■
23
41
_50c
Textron Inc
2,900
273/4
"v"
-100
pfd
Co——,—
Light 1%
Texon Oil & Land
37':•/■
26
Tampa Electric Co common—..
common
3,400 '
118
107%
series-'N
10 3% i.
"9%
124
■</
" 'i
.
115
1970
'
1st
10
1037/a
111 3/4
■
115
Consol Gas El Lt & Pr
.
1063/4
102
109%
70
'■
-110% V
,110
-
A-O
£5%S
.
—1
1103/8
y
1962
Edison ~
Cities
—
M-N
Inc 6%s
"
——.
J-D
I960
1998
6s
§ A Chicago Rys 5s ctfs
Inc—
Cement,
Common
1957
B
series
C
| A Central States Electric 5s,——.1948
■
38%
28
Superior
5s
series
105Va
106%
123
108
108
0 ^K. 00
102%
105 Y,
'•
b2
1043/81043/4
; v.
High
Jan
30% Jan
Drug Co
M
5s
Low
102
000i0:
0
7
900
:
1013/4 103 %
MS
5%4 A
Telephone of Canada—
12
Machinery
Sun Ray
Pinch
City Elec 3%s_.—.—1964
Bell
1,900
2,900
:
105
Jan
Jan
3,800
3 3/e
102%
104 Y*.
J-J
y.
M-S
36,500
40
102%
000.^0
January 1
\
—
1955
9%
37
No;0;
*106% 107% Y; "0 '■■:0--mJm0'0
102 5/a 103 00 00
102 s/a
J-D
Range Since
Sold
Y
■03-J:0 •"109%;: 109% 111%':,/
y/A-O:/'
*1233/4 124 % 0
& T aeb
8%
3%
——8
*
Bonds
;
High v.
105
M-S
—1970
Assoc T
14%
8 %
■v,
Friday's /
*102
■.
—
J-J
1960
....
Writing Paper 6s
.1961
Appalachian piec'Pow 3%8———1970
Appalachian Pow deb 6s
2024
Associated Elec
4%s__
1953
22%
• j
Co common
(Hugot Corp
Swan
aebs
deos—
73/4
Sterling Engine Co
Sullivan
f
f
Amer
Jan
28%
30%
Jan
s
s
13%
Sterling Brewers Inc
Stetson
103/4
7%
■'■■"■
J-3
1950
debs
or
Bid & Asked
'
Jan
,
f
s
3%s
33/4S
,Jan
9%
Jan
723/4
Aluminum Produce
Sterling
3%
6%
.
2'As
; r;
Jan
5,500
:
/
{Low
American Gas & Electric Co.—
Jan
23%
Jan
x35
common
160
-
1%
'■,'■;■
Sale Price
Par
Jan
148
—
Stores common
Bros
7
10
103/4
(The) Corp voting
Diernug
Jan
;0i Last
Interest
Period
Jan
20,000
9 y4
class
Tube
6%
3'A
■
Jan
1,400
Standard Silver
Standard
3Va
Week's Range
Friday
'00000X0
High
156,000
..
S ■;
Curb Exchange
January 1
V/': Low
.
r
products Co
_
Starrett
New York
1,600
Preferred
1
1
Range Sii
38,500
class B-——
Commou
Standard
FEBRUARY
BOND
'
6%
Power & Light
Standard
EXCHANGE
ENDING
,
Shares
of Prices
Sale Price
WEEK
for Week
La*t
Exchange
Curb
Y»rk
New
Week's
Friday
FOR
Monday, February 4, 1946
'
Exports
Tobacco Security Trust
*.
•
7%
9%
7% Jan
5,300
Co Ltd—
.
",5s, stamped
■
■-;-1...
dep recs def reg
2%.
mmmm
2%
„•
>
1
100
14%
Jan
10,800
23/4
2 %
Jan
-.——-.1961, -
.
*"
V
1
'
-
Gatitieau? Power 3%*
2 3/4. Jan
•
Residential Mtge Bank—
Finland
'
14%""
14%
rets ord regis
Amer dep
Amer
8%
AGeneral Rayon Co 6s ser A
Todd
Shipyards Corp—....
Toledo
Edison
7 %
6%
—.
Z100
preferred
i
Cnrp
Trunz
*' *
Inc
Grand Trunk
Jan
110%
Jan
Green
Jan
-
116%
Jan
Grocery Store Prod 6s
4%
Feb
Guantanamo Si
8Ya
Feb
Hygrade. Food 6s ser A———Jan 1949"
6s series B
——_J»n 1949
West 4s
114
6% Jan
-
Pow
Mountain
-
47% /
45
3,200
5%
'
27,500 /
13%
4,600
16%
Jan
52
3% Jan
300
16 Va
25
'
20
425
33/4
»
Illinois
Feb
1953
14%
Jan
1st St
/,;■ ■ 17%
Jan
Indiana
,11% Jan
Jan
Ulen
Realization
Union
•.■13/;/:/
lOe
Corp
Manufacturing Co.
of
Gas
4Y«
10/;
:
Union Investment Co.
10
•
.
,
Illiooy
Yds of Omaha
12% Jan
4,100
53/4
8,300
3%
Z, 4,600
10%
Jan
10
v
;
10%
f 8'/4
8 V2
-.700
;
y
■
?:
■
Jan
63
1
.
r
Aircraft
Chemicals
Products
.1
28%
,
common
263/«
■:■"
V,,
ri%
corp warrants
United Elastic Corp
United
Gas
Corp
•
$3
participating
36%
10
common
United Light & Railways
Milk Proaucts
11 Vs
7.
United
167/«
•
30 Va
29 Va
m
52
*
preferred
29%
100
23V2
.
2%
38
; •1-"'
Jan
'
\>
.
'
t
x-r
^ 'V/
18%
15
5,300
25
,
100 /
;
50
18%
Jan
Jan
100
-
Molasses
Jan
Amer
Uhitea
52
loo/
United
Shoe
■<
00-i.
;-"';y
0000'0,
y.';.."
0.
56
65
48 /,
59%
49
"■■
3
57%
3
56%
65
101 Ya>
97'/a
55
'00
63
47%
60
,
96 Ya
102
.
98%
55%
00^:01,0
Zj- '
118
vyjV;
:yy; /5
•/;/. ..•/
t
110
00 109
r':-"
,0."
:'/■ jvi"--.1'*'-
*101
«
' 106 VA 107
2
106% 106%
*115
F-A
1003a
52 %
106% 106 Ya
.•
003&:Jf0
97%.'/: ,:0 21,0
*109% 112
y--0;
60
48
-
55
''
<■
48v.,
^■/r 200
*104% 108
J-3
Corp 6s stamped.——..1948,
Extended at
25
Nebraska
1
U
4%
M
105^8; 106%
->
103 Ya
—
106 Ya
^ 70% 72%
^ 107 ^ ; 107%'
1967
J 106% 107%
my* in ,
1981
4%s
Power
,
——1963-
to.
Gas Ltght^4%s—
Milwaukee
23
common.
United Specialties common
i
U
U
S Foil Co
S
class
Graphite
S
and
$5
1st
U
S
Rubber
V. 5s
New Eng Gas St
Securities
common
3
*
common
Nek
Proaucts
10
N
Y
State
—CT-, 1Q
N
Y
&
Oil
Insurance
Universal
England
:
—
-
Co
y —;. -,4•'
Utah Power St Light common..:
*
7 %
preferred
.j.;.....*1
Utility Equities common..
ioc
A5%s
Hngar..
Ohio
Public
Pacific
■
$4
Power
■■■•;
;
preferred
ft
.:/"'■" ""■•A /•
Wagner Baking voting trust
"
' .■■' ■'/
ctfs ext
"
A_
-
•%
0~0*
.
36%
.
-7%
'
36
-•
•
.
:
0
6%
7%
•6%
54
■|y/70%-';
y
•
•
500
y
22
■:'ii4
9%
37
Jan
7%
Jan
23%
i,':
Jan
•■•
Jan
Jan
114
-39
.Jan
650
Jan
■007
.y Jan
3,750
6
Jan
•"v7
Jan
200
6%
55
36
49
Jan
56
y
10%:
Jan
fv 6%
10% "Jan
8%
3,300
y-;'
/■*•' k
1st
Wpvenberg Shoe Mfg
8% Jan
us- Jan
——
•
15
5,300
149% 150
90
37
—y.
*1-
-it
45
24%
\
37
45
20
~i0
1
iim
14
pfd.IlOQ
I
Inc
14%
24%
■T3|.r
4o'24""1
75
'
100
••
—
50
perpetual
106%
108
107%
108
107%
113.9-
6
101
103
3;
105% 106%
3V
snoe%: 107%
Jan
Jan
Jan
Ban
Jan
series
Harbor
A
Jan
Jan,
106% 107
:6.V;
101% 102
—
Wichita River Oil Corp
Willson
(R
Ci
Products
Winnipeg Elec
Wolverine
&
„
Co„_
^
common
Portland
B
Cement
2
Woo ale y
6%
22
25
1,875
14%
153/a
1,000
14%
Jan
10%
'
25
11
500
8;|4
Estate
1——1951
6s
Jan
Southern
California
Southern
Counties
Jan
Jan
y 1st
•
Gas
Gas
*125
108%
Jan
Southern
Southwestern Gas <& Elec 3V48j
Ry
105%
*106
*104
17%
400
Jan
"
800
24%
Jan
Jan
Spalding
(A G)
200
■: .".■
21%
Jan
22«/2
Jan
Standard
Gas
18
Jan
25
Feb
1638
Jan
11%
Jan
17%
Jan
29
>
i9jo
108
-
F-A
[0
108 Va 108%
//. M03-,
preference
gi
'■•x
Conv
1
For
13%
—
£1
Hargreaves
footnotes
urn.
see
page
5
681.
A-O
.May 1948
A-O
»;;•/'
r
6s
stamped
Debenture
Debenture
1951
6«
0\y
105
.
*105
6s
1966
3-D
•'
F-A
1023/8 /
102 V* 103
101
V
>00
13%
14%
J6%
16%
16
2,200
11%
Jan
14%
Jan
200
15%
Jan
16%
Jan
t5%
Jan
...
'■■■/■
-
■
6s
.
•
•
v'.
1
%
-
4 Ya
"5%
Btinnes
'
•
56,600
'
'
:4%- Jan''
-
Dec
1
lOOY* 101
Power
A7-4s
& Light
inc 5s
(Hugo) Corp—
3d stamped
•
104
;
3.1
'8
•
104%
.-i
•
F-A"
1033/8
103
F-A
1033/8
103
1033/8
A-O
84
87 Ya.
43 VA
43 Y*
.'
"—1946
6
101%" 103
100J.'s
101%
101": 102
1033/4 104%
103%
21 r
103
•y
22
103
:♦
23
78
87%
'.2
43%
48
103Y4
1957
1950
6s
81
101% 101%
'.l0
1957
gold debentures
AStarrett Corp
109 Vii
108 %
13/
y
-
•
'._■
~
Wright
M-N
v
-
108%
£a'*
Electric—
(stamped)
Btandard
receipts
—1989
May 1948
5s
Si
■
6s
106'/a
105%
—1994
2%s—!
100%
'
1971
Jan
99%
107%. 108 '/a
108-108%
1970
(Calif)—
y»c,'
*100% 102
3s——1965
3%s
125%:
jgg
-
——1951
mtge 3s
Indiana
107%
107% 108 Va
—1952
Joaquin Lt & Pwr 6s 3
Real
*106
12-
18%
Jan
16 %
10%
22
19%
143/4
27%
21 %
-
24
"3
Petroleum
Woolworth (P Wj Ltddeposit
■25'Y:';"'
•
10
Woodall Industries Inc
Amerlcan
i<j
11223
-.221*
Inc
101% 104
"
-
Williams
:
"
11979'
55
•-
106%.
1964
...1949
4%s
Jan
24%
■
y
y:
—1952
;.
Water
Scullin Steel Inc mtge 3s
Southern California Edison
45
'
^
certificateSi.^—
37
'
Jan
-
\
Safe
15
y.
——1950
1959
B—;
Colorado—
150
Jan
18'
400
■Mi'.'
"
■
.
107%
Queens Borough Gas Si Elec(rtc—
"M5%s
113
V
Jan
39%
•
50%
iK:.
■140%
.
~_l
(Wm & Co
*'
■
100
?
4%s
Co of
Jan
-
y:
(Can)
1st mtge 3%s.:
*_
> Sinking fund deb 4s_.
!
Public Service of New Jersey—
i
87 i
104
Coke
As
«
Jan
700
V
,-r.:
7Y«
—
jj
Western Tablet &
Stationery com
Westmoreland Coal
Whitman
6%
2,600 y
.
23%
Corp
ASchulte
fWest Va Coal & Coke..
Westmoreland
\7
■
Co warrants..
Maryland Ry 7%
22%
f:-0:
•
■
Wa.vne Knitting M ils
~_~H
We.ntworth Manufacturing
;
..1.38
West. Texas Utility $d preferred..
.*
Western
23%
106%
81
106 A 107%
1972
Power 5Vzs
Co— -
Elec
Gas
Public Service
v'
,
6%
"•
inn
-■-_
Class B
Ward Baking
103%
>
106%
100%
1970
Power
Waitt & Bond claw
104%
100%
104% 105%
1964
p-; 3%s
preierred
106
107
108
107%
1977
$,!£■ 5s stamped extended
Aircraft-Co;.■
107%
5s——1955
Light
1st mtge 3s__.
46%
46
46 Ye
*100% 101
53.^^1948 i
5s
1st
Portland
7%
102%
107
■
1962
4s—
Lt & Pwr 4%s
Philadelphia
Wmto
106%
Pennsylvania Water St Power 3%s-lS64
Petroleum.
'acturtng.
,
106%
101%
_
1979
Penn Central
convertiole
Venezutian
105%
107% 108
mtge 3V«s————1968
Service
Park Lexington
common
108%
$ 105
101
46%
ffeslsfc' mtge 3s—I.—-—-—— 1971
j
Oklahoma Power & Water
T«k*.tr Corp
108%
__
101% 101%
2004 '
;
101
103%
*106%
19*>4
Ltg 4s
99
lOlYa 102%
(part paid)——.1948
series A
Ohio Power 1st
»
..
Gas 33/48
St
98% 100
-
103% 104%
;
—1954
Westchester
100
>
North Continental Utility Corp—
•
•5.50 priority 6tock
Elec
*108%
.1961
-1948
Power 3'As—,
Power Assn 5s
England
99% 100
101
100
.——1950
-
Debenture 5%s
1_:.
Consolida ted
Universal
'"rah-laano
New
&s
98%
1947
—.1948
El Assn 5s
—
deb
.
5s.———1948
Gas
•
Conv
50o
Reclaiming
Wallpaper, Inc
U "Iversal
Amsterdam
New
•
——2022
A—
series
6s
8
i
common..
International
United Stores
United
B
preferred with warrants
U S Radiator
,
i.
J-J
1970
*
SO '
■•
"02
56
101
M-S
1969
—
McCord
i
.....
0
973/4
J-3
MS
Light 3%s
107% 107%
'
i
Midland Valley RR—• <i;,
10
Machinery
Pre/erred
'
•-
3-D
Power St
103%
"
101
J-3
J-3
Kansas Electric
25c
i—
105 %
7
56
: 55///:;/
56%
.
V. '
Power 3 %s_i.--„—1966^
Kansas Gas & Electric 6s
-2022
Jan
'
■
'
Jersey Cent Pow St Lt 3 %s——.1969
Jan
100
Sharing
preferred
105 Ya
105 Ya
•
%
56
0.
'
■
Jan
Jan
.
Prolit
j-3
OS—,
dep rets ord regis
10%
0
1957 J
1952
6s
Kentucky Utilities 4s
United NJ RR & Caual
55
55
1952
5s
Power
yAItallaa Superpower
Ltd—
Co
-' 103 Ya
103 V*
'3
"
Jan
31%
■
106 Ya
y y
••■1,1"':-
;,
57
F-A
—1952
;
*
—
56
3-D
1957
coupon)
1941 coupon).
(July
A7s
*107%
0t 0; •
/
_
F_.
series
Kansas
United
1941
"-■■■'/
M-N
3%s——1970
A L
(Aug
Debenture
Jan
2Vi
38%
7
■
Jan
26
47
32,400
;
■'/
Jan
106
^
J
S
series;
•
Interstate
29% Jan
f«;.30w Jan
:
Jan
32%
450
31%
52
/
257,500
«
Jail
,
106 Ya
'
*103% 104%
105% 105%
;
F-A
terles' E——————1957'
Mc A7s
Jan": ;;
30
8,100
'■■V---''
—
United
106
1*
■
105 Ya 105'/a
105'/a
M-S
J-J
St ref 5s—
*
A7s
'
United
United
67f
Jan
8%
y Jan
0$
—
••:/-■: t
C—-i—w-—.1953
A6%S (Dec 1 1941 coupl——1955
A6V2S
Jan
Jan
iiy*
7% Jan
60
yyy./
i
Feb
10
,
700
:
,
•
5%
13 Yt
•
-0
*105%
A-O
5s—-.——1950
—'—1963
Seivice
;
Jan
MY*
:
.
Jan
11% •13%
8%
—
.
Union Stk
■/::4%'
113/4
•
Canada,
133/*
12%
106
106
^
Jlnternatlonal Power Sec—
Unexcelled
751
75
A-D
ref 5%s series B———1957
r'*"*
\
Co—
Indianapolis P
i.
*101%
West 6s.———1958
Power
25
;
<
T
109
*105% 107
Jan
5%
Jan
IS3,*
Jan
1st lien
frrfym# Cnrp
*61
Jan
17,800
12%
/
106% 107
*108
118
:/„;3% Jan
16%
/
2"
Jan
8,300
20
*
111
8Ys
-■-."5"/'
%
13 V*
Dreferred
convertible
80c
7%
/
4%
-
'
24
—1
Tung-Sol Lamp Works
108
V /"-"50//
114 " 115
/ ;:45-- "
5%
.
100
20
•3%
45 '/2
—10'/
>mmm+ ■ ''
warrants
410
'
"Hi/* I
1
Transwestern Oil Co.
Tri-Conbinental
110%
4%
' '
/_
118
109
<•
.
lis';/,/?
,
L
Tonopah Mining of Nevada
112
109
-100
preferred
Tran« T.ht
115
1
—-1960
1948
1950
19H3
A
'
-
104
'
J-J
-
43%
"
:
163: Number 4461C,
Volume
/:
;
.THE COMMERCIAL & FINANCIAL CHRONICLE
>
NEW YORK CURB
RANGE
FOR
WEEK
EXCHANGE
ENDING
FEBRUARY
1
BONDS
¥
Week'a Range
Friday
B OND8
Curb
York
Interest
Exchange
Last
Period.
New
Safe Price
•
New
Bonds
Friday's
or
¥
Bid & Asked
':High7>. V
Low
January 1
(Hugo) .Industries^*
stamped..
A 7-4s 2nd
Toledo
Edison
United
Electric
United
Light
No.
Low
*106% 110%
J-D
X09% 109%
& Power -Co— ¥;,•:•
105 '/4 105
A-O
t&;
■
105%' 105%
}
Interest reduced
¥
A Meaeihn
108% 109%
7s
to 2VeS
■'
_2022
M;
.115% 115%
M-N
114%
1
A 5b
1954
J'D
¥
.'.'
M-S
•if-:/-'-
West
Electric
Penn
West
J-D
1960
5s
:>V;'
A-O
..2030
5s
Traction
Penn
Western
Newspaper Union—
--'-J
¥¥i-'¥( '
r
J-D
A7s (issue of May
1927)
1947
A7s
I
1959
Ft A
conv
f debentures
s
108
1927)..
1947
J-D
1972
J-D
(issue of Oct.
Mortgage Bank of riPTimark 58
1^'.2
stamped (Plan A)
Interest reduced to 2 Vis
104%
99%
3-D
—
•—
-
-
—
99%
100
..
Interest
100%
Foreign Governments & Municipalities
(
v
r
Week's Range
Friday
Low
;
Bank
Mortgage
Valley 7s
Bogota
(see
ACauca
'
A-O
.
...
J-J
¥
of)
"
—
50 Va
50%
50'/a
23%
20 V2
23%
■;
93%
93?a
93"%
96
..'; 37 %
37%
37 Va
37,%
38
37
38
10%
14%
14
¥•;;
M-S
••:••..;.7
stamped
reduced
¥. ¥
(Plan A)
to
2%
No par value,
1919
1921
J-J
Deferred delivery sale,
a
$ x Ex-dividend.
sale.
'
2012
6%s
Government
'
'
38
d Ex-interest,
e Odd-lot
sale,
n
Under-tfce-role sain
t
,
tFrlday's bid and asked prices;
sales being transacted during current week.
no
January 1
ABonds
High
¥-78%
78%
Abbreviations used above—"co<s," certificates ot depositt
¥
8Reported in receivership.
(Iw
—
>.*,
3-D
1948
50%
23%
Low
-78%
*76
—
.
*50
...
Sold
High
78%
.
33%
;
7
—
,
'
beln? traded flat.
■
27%-
•:-•¥'¥¥¥;•'¥
distribution.
"cons," consolidated; "cum,1" cumula¬
tive; "conv,*' convertible; "M/* mortgage; "n«v," non-voting stock; "v t c," voting trust certificates}
"ft" when issued; "ww," with warrants; "xw," without warrants.
7-777.y.-;
•
7
425%..27%
¥^^y,;:>v;v,''''V
^
fEx liquidating cash dividend of $22.50, plus stock
Agricultural Mortgage Bank (Col)—
v A20-yeax
7s—
-April 1946
¥ A 20-year 7s
Jan 1947
33%
,
35%
'■
No.
Sale Price ' Bid & Asked
Period
•
Cash
li5
Range Since
Bonds
Xast ¥, ~ ~ "or Friday's'
Interest
22%
25
10%
—2008
i
ARussian
A5%8
BONDS ¥■¥;;¥¥¥¥
New York Curb; Exchange
21%
.
-
106%
Rio de Janeiro
.
29
*36
■
•
\'vr._.Z;
M-N
Parana
;
.104% 104%
—
28
;;¥; .V¥v¥^: *33
A-0
1931
108%
122
*100%
*100%
104%
.
94
""
fv
77 108 % 108 %
4 *108%
;
4
3-D
6s
.."i'/f.: ^'
'
109
.'f'wifA,})'7-.'"iV1-,-^■»...f -A,.4.;
IA York Rys Co 5a ctpd-...._..r..l937
AStamped 6s
1947
7
i
.
95
90(4
*22%
M-N
)
.AMortgage Bank of Chile 6s
81
,
High
94
93
Mortgage Bank of Bogota—
116;
107%
109
109
r,
'•74
78 •;'.
¥':¥75%
78
M-S
1964
dabs
income
Low
96
-77 ¥¥ ._¥¥.'"¥■. 29 ■¥; 29
J-J
-■
Waldorf-Astoria Hotel—
Wash Water Power 3%s—
No. '
*94%
,•=- -
:.2008
stamped-.
'¥
Range SJnce
January 1
Sold
*90
■¥•'
Utah Power & Light Co-Debenture 6s series A
Bonds
or Friday's
Bid & Asked
,
F-A
.
*108% 108%
F-A
..1952
M-N
Waterways—
A External 6%s stamped
1952
A Lima
City iPero) 6%s stamped-1958
:v:'•
• &■'•'
••••.';
?'*'. <t\'• ».> <- •'«-.!
Maranhao stamped (Plan A)
(Maine)
A
1955
1953
;
5s
Danzig Port &
107%
.108; no.
1
Va
Last
Sale Price
High
5%s„
Extended
48
.,,.106
7'm%
Week's Range
Interest
High
42'A
•
Friday
Exchange
Period
Danish
V 3
42%
-1949
48..:
J
United Light & Railways
series
42 Va
>
-
J-J
St CODS
6s
42 V*
..1968
3%s
N
•
A-0
;—
Curb
''
i'"
8tinnes
>
York
Range Since
Sold
27%
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK ENDING
FEBRUARY
1
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
STOCKS—
Baltimore Stock
Friday
Exchange
Sales
r Week's
:
Range
Sale Price
of Prices
:
Hathaway
;
Bakeries
123i
Low
Shares
Class
Range Since January 1
.
Bait Transit Co
Preferred
v
common
•
v t c
27%
33
•
25
295
6v
5%
100
t c
Low
High
26%
636
88
B
34
2%
—
10
18/
15
;3%
Jan
..6
;,v
.
Lamson
Jan
,
34
Jan
5%
*
preferred class Bi™.
¥4%.%
Eastern Sugars
100
Assoc com vtc-^-—
Fidelity is Deposit Co
Fidelity & Guar Fire Corp
„1
18 %
171-
'675,
;•;
58
pfd vtc—25
2614
26%
Maryland & Pa RR_-~—u_—-100
Mt Vernon-Woodbury Mills-
4.00
4.00
Oil of Texas 67c
Houston
New
common
6.75Sc
prior pfd-
cum
101
350
U
5%
Mi
37
80c
42%
50
50
20
pfd
8
Fidelity & Guar
Western National Bank———
.
«-
¥
26
Jan
Mt Verrion Woodbury Mills—
deb
91% * $62,000
9f
97%%¥ 9.00OU
,%•¥''
'
■
102
(subordinated)—
,
•
•—
•••
102
:
•
Jan
87;*'
•'
•*;.
.
99%
6,150
*■
"ri&o
Jan
Reece
Jan
Range
LOVS
Tel
American
Woolen
RR
Hole
Mach
Anaconda
Copper
47%
—...—....
-
-
'M
57%;
47%
.—10
Bird & Son. Inc.-—
--
•
•
102%
•
-'¥ Low ¥¥■'¥';¥
—.25
187%
High
57%
Boston
'43%
908
Boston
&
is
RR—
Maine
•"?''/*■
23 %
320
489
136
7%
prior preferred
Union
Twist
Drill..™.......I..
Fruit
preferred stamped™.
5 7o
\l
class
1st
A
preferred
Stamped
8%
class B
368
80 Va
42
43%
265
40
Jan
7 7c
class C 1st preferred.
■§ Stamped
class
10%
1st
D
19%
Providence
&
RR.'
Cities
Conn
11%
•
;
49% Jan
S
V". 43%
2,154
21i¥:u-
11%
i
462
17
i——
Preferred
20
100
973
V
Range
Eastern
7;
.
Gas
&
Co—_i
....
22
fe'100-¥
24%
25
18
245
.
18%-
6%
Street Ry common
preferred. series A
preferred class B
5 7o
pfd
Eastern
6%
Mass
1st
Eastern
-.
•>."
¥r >¥l;
Inc
common
Employers Group Assoc
Engineers
Public
11%
12%":
775
34%
18
124
¥124
_»
•13%-
National
General
•13%
/, •'
Stores
:
Electric
Gillette Safety Razor Co
72%
72%
6%
.100
112
100
14%
72%
2 "
ioo
Jan
559
38Va
156
30%
,
?|;;^3%.:ian
45r
110%
78%
Jan
46%
-
Jan
Jan
82%
47 Va.
71%
71%
100
Smelting Ref &<;Mih com..
Inc
—.....
.50
78%
76%
78%
160
71% Jan
19%
18%
19%
90
37%
39%
12%
83
¥
18
790
Jan
83%
iS;.
Jan
47% Jan
74j/8
Jan
783a
Jan
Feb
"I,
19% Feb
i
34% Jan
.
Jan
118
,65% Jan1
550
Sin
3034
Jan
25% Jan
965
Feb
Jan
-O.V'.rpQ1^ Jan
^an
^8
■
45-
,.
19
41% Jan
113% 118
Jan
Jan
3% Jan
2
;
Jan
.7
-
•
Jan
6
¥
Feb
19%
1,005
'
47
2 7%
).7«% Jan
46 %
39% Jan
v§^5®
American Tel & Tel conv 3s
1956
148% Jan
$400'
151.Va 151%
-
J 153
Jan
Chicago Stock Exchange
¥,h..
:
¥;¥¥;¥¥":
Friday
¥; ¥;¥¥¥¥¥; ■ Last
i¥'¥¥:; .¥¥¥¥:¥;¥;::V;^;,;r;'J:
STOCKS—
.
,
' Week's8ale«Range1
for Week
¥
Sale Price
.
Shares
of Prices
Range Since January 1
'
\
Adams
(J D) Mfg
tow
ear
1
High
2*
coinmon..^
—
,
Low
r
19 %
14
13
High
.
-*
22
21
22'
*
—
Allis Chalmers Mfg Co..;
Public
Tel
6%"
4
•
34%
13%
American
¥•24%
Feb
Armour .&
.!>
Jan
Asbestos Mfg Co common——1
5%
Jan
Athey Products capital
Jan
Automatic
X
62*
12%
Service
&-Tel
Co
Co
..100
100
pfd—
capital
common
Washer
..
Jan
22%
21
-
Barlow & Seelig
class, A common—5
Bastian-Blessing Co '^ommgn.^....
*
124
Jan
Belden
¥ 14%
Jan
Berghoff
*
Binks
Jan.
Jan
7%
Jan
113
■
Brewing
20% Jan
11%
Jan
13%
Jan
10%
Jan
14
Jan
Jan
22 '?
Feb
Jan
56
Jan
127
Feb
131
192%
Jan
193%
Jan
ma
Jan
14%
Feb
.
53 %
'
60
.100
4,200
.
6,750
18^
834
13%,
3,100
4,000
.
v
1
5% Jan
18< ¥ Jan
►
'7%' Jan
9% Jan
4,500
,2t
21/
-37
-
19% Jan
200
26; ;
10
:
2,100
'
300
.
125
Jan
.35
Jan
25
Jan
(E J) capital
*
...—.!■
Common
Bruce Co (E L) common
Piston
18%
...
15%
¥
5
Brach & Sons
52%
43-;¥?:> 43 ¥
-33%
11%
5.^" w
32%
¥¥
18%
55'
.
33J2
10
31
10
7-7^7:
36
40
Pub Serv $6 pfd——*
;109%
240
54%
Jan
61
V 26%
Jan
Jan
17
Jan
20%
Jan
27%
Jan
Jan '
50%
Jan
Castle &
Jan
30%
Feb
Central
50%
2,530
30%
875
Butler
46
%
22%
Jan
Jan
33
Jan
Jan
18%
Jan
55
Jan
Jan
49%
Jan
Jan
•33%
Feb
Jan
-
30%
11%
Jan
Jan
45%
Jan
3,900
750
10%
Jan
16%
Jan
22%
Jan
27%
Jan
600
;
25%
Jan
32
Jan
33%
Jan
108%,
Jan
r450
^
¥43
Feb
¥
21% Jan
'37
11%-*¥.(-2,100 ¥
16%
Burton-Dixie Corp
48 V8
Jan
Jan
¥49 ;¥ jan
45J,a
24
32
Bitrd
Jan
26%
Jan
Jan
•"43 '
250
10V2
14%
Jan
38%
30%
¥
8%
13% Jan
30%
43%
23 %
31
43 Va
61
Jan
15%
4.000
700
45'-¥'¥¥;; 400
16
Jan
59 5a
Jan
14%
'
1.100
,24% 27%
32% 33 ,
—.5 '
(George W) Corps...—i
Borg-Warner Corp common
Jan
61
¥ 6
18
%
2314
750
850
*
-
25%
1715%217 v.*.
1
Borg
40%
3d%-
-
,
Jan
34%
•
35%
24
l.J
Cof-p
Mfg Co capita;!
& Laughlin
Inc^ommon
~33%
33
43 Va""" ¥"
36%
;
13
,100
6
35%
23%
:.
(
comi^kOh.—10
Brown Fence & Wire class A—.....—1
Jan
- -.
Co
Jan
Feb
30%
-21
^
19
Jan
Jan
79%
Jan
Mfg
4^9
43 Va
"/•
100*
Jan
115
310
1.0^0
23 'r;
•
—
107
—
56% 127
.129 •
193% 193%
19% 14%.
17%
I 7%
7%.
.13%
Jan
17%
550
56%
5%
17%•
—4
—.8
common...'
127
20
Jan
34%
Jan
6%
50
203
¥¥
14%
¥- Jan.
71
~~~160
35
34
_•
-99
18%
12%
17%
100
2,500
2,600
1,650
13%
14
Allied Laboratories common
Corp
Jan
Jan ,'•'*' I-
7 Jan
13% Jan
100
¥19-19
common.^———.—^.1
Advanced Alum Castings
5
Aetna Ball Bearing common
.*
Admiral
Jan
Jan
28
325
"
125
120
100
_•
"42%
■
Jan
"Jan.
0.78%
350
"
111% 112% f
-
•
...
8
43 v"
v;
:u;
•-¥.7"% Jan
-'2v; .Jan
50
1,169
80%
;::X-
Bliss
»
-'.
Jan
^ 124
100
99
100
100
.
First
675
■
r23,+7
8
42%
¥¥' 20
Jan
56
■
159
_1
„:
Service
■'
2-
21%
'¥25 :
•
20% Jan
.
354
32%
100
adjustment
SS Lines
Jan
19'-
•'
20
Jan
20
240
62
♦
61
11%
10
loo
.
15
■"
23
.jC-'' 14Jan
>
Jan
Fuel' Associates—
4%% prior preferred
67c preferred
i.l
,'r,A
■■
177s
American
15% Jan
23
'
Copper
¥
Jan
82
22»A
•
-
'
-61
100
;
Jan
47
21
Jan
20
Jan
21
•¥
Jan-
16
Jan
20%
13% Jan
•
¥100
22% ¥
•'¥::'91';¥ Jan
"
.
Jan
41%
.10
Jan
14% Jan.
800
20%..
,21
24
100
5
i
Passumpsic River RR—
73bb
'>3%
-
170
3
2%
Jan
2,740
17
& 2
5%
¥-1,972
5%
Jan
Jan ¥■;>
3
Feb
.25
Jan
:;"jan¥;
20
21%
24%
100
Hecla
&
Service
&
314
77%
47
V:
Jan
2 %
.25
Aviation Corp (Delaware)—,..—.^3
Calumet
-
133%
■
Jan
—
—
Jan
82%
Jan
67
150
20%
22%
Stamped ¥—¥-^.—¥¥.——¥-¥—100
Boston Personal Prop - Trust
_*
Boston
1,178
21
100
_.__100
preferred
.
3.19-W
21
——.100
....
90%
86
11
100
....
¥
Jan
88
100
1st preferred—.,
Stamped
2,656
Jan
75c
■
82
100
...—_
5%
4%
30
common——.
preferred
Jan
142%
44% Jan
81
100
*:
•
4..—^....
67c
-•
'.■
--
^ 128
72,255
45 3e
113%
...
Jan
^164^
;«\76 " Jan ¥;
479
300
2%
3%
■¥.,
...
Co
S*
i04t¥;
94c
wi'"'
Drug Inc;,:™w.¥
Jan
25%
-
4:'1^. Jan .'■'."'■•.•J 1%. Jan
••"V*
100
6%
^5%
16
'?•:
23
'
';
•;
223V Jan :"Y
:
¥
Jan
24
Jan
"1^732
;■¥.¥
'
650
.27,291
Jan
49%
Jan
49
V
--
875
-.•••
Jan
8
56 5
Jan
45%
—
25 3a
?il30 vi" 131%
5%-
_*. i
com—.
Jan
Jan
194%
Jan
81%
Ry——-¥—.—100
Herald Traveler Corp
_•
-■■■-
18%
21%
Inc..—.
Elec Securities
Jan
Ja,n
34%
: ;
Jan
30Va Jan
48
Elevated
I Boston
i
2
•
'
Edison '...
22%
.
Jan
45 %
41% Jan
50% Jan
567
141% 142%
142%
Jan
13
56%
'
2014
23%
;
:
i
Range Since January 1;
;
3,198
24
23%
Boston St Albany BR..^..4......M.100
17
¥
V^-1%,
2%
..100
...
Waldorf System
807
.-
56
47% *49%
'
Jan
17
7'Vpfd
Association
Suburban
U
170
192% 194%
194Va
—
vKVtvS •
45Va,¥'
'54%
Tel—
St
American
32%
46%
Westinghouse Electric Corp.,
Shares
High
43 5 8
34%
13
Jan
for Week
of Prices
American Agri Chem Co com
American Sugar Refining
Jan
Jan
2?i
r
Torrlngton Co
Sales
,
47
18
Jan
50
•
Folding Machine—
Rutland
Boston Stock Exchange
Week's
Jan
1134
56 3 a
131%
——
U S Rubber
Last. '
46
¥';
74%
RR
United Shoe Mach
Friday
47
7?
.—
Button
Reece
Jan
:
Sale Price
Jan
r.
United
Boston
104
•
United
STOCKS—
Feb
55%
Jan v ;;:
12
,1%
Butte
Pacific- .Mills-
.97 % Jan
;
3%
Jan
54
25%
..
,Quincy Mining Co
Jan
■>¥ 91 %uJan
Jan
Jan
■!k
22>
Inc.
Assn
Cos
England Tel & Tel.
Pennsylvania
Jan
*
S4:>?r Jan*..;/•
3
48
vi7%
•:
:
•
Works
Rac'g
Jan
55%
$ 34
13
J
Jan
18 T ¥
46
Mining
Old Colony RR...
••
42%
v-:.50--;„
42% Jaw ; m 43';
47%
465
'90%
;
:T975
■
47c
90c
,
Jan
Alkali
Stone &: Webster
4B™.--™...i978
series -A™—.——
5s
43
43
New
Jan
37
Jan
•40
21
?
.
234
54%
pfd
-
Baltimore Transit Co
;v
50,.
i
nm
14
Jan
3%
54%
Service
Shawmut
Bonds—^
-
49
102%
>
Jan
75c
.
Jan*
North
i
67c
common....
Ga% & Eiec Assn-;
5%preferred
"
'
v;
Jan'
1%
New England
Jan
35%
200
4.00
RR
National
<26%,Jan
?
^
(Del)
Narragansett
Jan
.
Corp
Nash-Kelvlnator
Feb
58
,•
Jan
101
284
80c
42%
Jan
3.50 Jan
16%
54
'
Commercial
Jan
.171
^25% Jan
2
102.
38%
Oil Co...:-..—~—-25c
American
Seaboard
56%
30
92
Casualty.™—..—2
New' Amsterdam
North
———20
100
-
19%
Jan
'
58
LOW
11
17%
¥y
preferred
Mathieson
Jan
15%. Jan
168
5
■.
•
118%
116% Jan
19'/a
171
——20
10
V 50
«—«...
Copper
Central
Maine
Jan
90
Jan
Copper
Koyale
Kennecott
28% Jan
Jan
5
30 %
.V
Isle
High
■
Jan
88
155
:
88 V
118% 118%
2%
class. A—
—
International Button Hole Mach Co
~
Consol Gas EL & Power common
12%
2V4
Range Since January 1
,
High
'
.
"
Par
Arundel Corporation
Low,
.
for Week
I-ast
STOCKS
•
Ring
1
common
—
...—12Va
Brothers
Co
(A M)
Illinois
common....
; "
-1,350
109% 110 --¥•
;
240
i
:
THE COMMERCIAL & FINANCIAL CHRONICLE;
Monday, February 4, 1946
OTHER STOCK EXCHANGES
RANGE
,
STOCKS—
5%
common
preferred
Convertible
——•
115
Preferred
22%
.12
Pr
Cherry Burrell
Corp common.
Jan
133A
Jan
Trane• Co
208 South La Salle Street Corp com—*
Feb
115
184'
'
118
Jan
Jan
1873/4
■16%
Jan
21%
Jan
15%
Jan'
20
Jan
400
,
-.' 65.
;
'X'1
20
115
400
1323A
100
28 %
250
227/e
9,100
33 Ve
23
2,650
20
Wieboldt
Jan
343A
Co
Common
Jan
24
Hommnn
Walgreen
Jan
7%
46
Stores Inc
Dock
Co
Jan
353A
Jan
Yates-American
Jan
2'A
Woodall
25
Jan
Zenith Radio Corp
3%
' 3%
5,800
47 %
•
20
110
45
Jan
47%
Feb
50
20
Jan
20%
Jan
Jan
Indust
200
34%
500
26%
21%
22 V4
400
20
943/8
1,300
53%
53
108
Jan
51%
-
Jan
Feb
/61 '■'{
Jan
20:",
44%
400
40'A
Jan
.44%
200
39%
Jan
42%
.
100%
Jan
103
Jan
Jan
Jan
X.' 34%
Jan
Jan
X/
31%
Jan
Martin
7%
Jan
60
60 '
Interlace
25%
27%
27%
Jan
53%
61
61
Feb
{16^/XX
16
9%
25
29
29
10
20%
300
X;
29
Iron
,
37
Jan
106
'•19
16%
Jan
17%
5
Ji
Jan
{ 12%
40/,:/' Jan
capital
Jan
Jan
42 %
common-
Jan
s
Jan
Jan
Feb/
Jan
common.
41% Jan
227/a
ftftptt.nl
Jan
29
Studebaker
S
16% jan
30 ..a Jan
commonT
J_
..
N
of
65%
Co
common
20%
150
20%
143%
900
78%
793/4
800
793/4
Jan
66% Jan
..
143/4, Jan
793/4
Jan
30 3A
Corp common
Rubber
Jaiii'
20
12%
Jan
32% Jan
,r
Jan
Brands
1
Jan
13% Van V
21%
Oil
5
% Jan
7% Jan
647/a
Standard
;Jan.
.
Jan
46%
(The) common-*-.*
Standard
5
Jan X
94
Radio Corp of America common
Republic Steel Corp common
Feb
General Candy class A.
Jan
433/a
104
Incorporated
Jan
General Amer' Transp com.i
18
;
Pullman
Pure Oil Co
Jan
6V/2
Jan
17
583A Jan
25
200
68%
33
104 %
Paramount Pictures Inc
U
67%
Jan
•
Corp
10%
650
-•
(Glenn L) Co common.
2,700
-
Jan
*
Corp
750
t
39%
353/8 Jan
'
Jan,
0
*
Jan
Co
Nash-Kelvinator
15
10
42
Feb
•
Electric
30%;
—
25-
Jan
51
Curus8-Wrlght
Jan
*
inc...
5
Auto———-——.10
(Peter). Brewing- common..—.1 %
3.9 %
Copper Mining
Top & Santa Fe Ry com_._
Bethlehem Steel Corp common
32%
-16
Jan
Anaconda
32%
60
94%
American Radiator St St San com..
Jan
7%
Jan
79% Jan
Atch
26%
%
Jan
1093/4
22%
.12%
common
Machine
26%
6
Jan
54%
X-
g Unlisted St
Jan
Jan
,30 ;
30
■■
200
100
com
32
Four-Wheel Drive
Fox
108%
v;/4'ix/:
Feb
25%
preferred—..*
Bankshares
26%
America
oi
200
57%
Jan
42
100% 100%
100
common—-—
Mins
Flour
53%
91%
common
prior
Jan
41%
Connell Dredge &
&
Simons
Fitz
650
High /
373/4 Jan
200
1:—
25%
,,
Corp
utu
ho'ishiioio
29
,
(new)
Wisconsin
——
Elgin Naj; Watch Co
{28%
2,500
common—
New York Central RR
(The)
28%
29%
;
Jan
9
41%
common—10
—2
Dodge Mfg Corp common
*
Domestic Industries Inc class A———*
Eddy Paper Corp
100
1
Western Union Telegraph common
Westinghouse Elec & Mfg—
!
Jan
450
2%
Car common
Motor
T
57%-:
capital..!—.*
/ft-Rys...
Specialties common
U S Steel
Jan
Jan
Jan
9
21
& Cohn Inc
(Alf)
57%
Light
General
Diamond
Low
41
57%
..—.—25
38%
Jan:
Jan
40%
■
10%
Jan
Jan
28
60
45
33%
33%
-25
common
8%
59
23%
vtc partic pfd
50
L
Common partic shs vtc class B—*
Container Corp of Amer common
20
Decker
Range Since January 1
High.
41
common^A..^.iaA^A6«
Union Carbide & Carbon
United
Cumulative
——,
Cudahy Packing Co—
r
4%% cumulative pfd (new)-.
(The)
Shares
Jan
8%
33%
Co
Co
-
117
135% 140
■
Crane
10%
•
.10
common
V.
115
Co com
*
Coleman (The) Co Inc.
——5
Commonwealth Edison common.
-25 ;,
Consolidated Biscuit common
;
1
Consumers
Feb
350
28
28
44
*.v
*
—5
Aluminum Uten
Rights w i
25
23,800
64%
64/
v.
Elec Mfg class A pfd
Flexible Shaft common
Chicago Towel Co conv pfd—
Chrysler Corp common
Co
10%
9 3/4
J
preferred
Service
Jan
Feb
United
Chicago
Club
21
200
21%
20%
Chicago
Cities
Low
x/x Par
Swift & Co capital.:
Texas Corp
capital—.
53/4
.;
Sales
for Week
Range
of Prices y
■
Chicago Corp common
Convertible
16
i" x'-x"- S
High
Jan
1,590
/.X 170
187
:Week's
Sale Price
stocks—
.
•%4%
4,300
-110
117%
■;
15%
:
1
Last
XX 250
13%
.
186
Lt pfd—--
&
Central States
3,600
25
115
.
187
-
FEBRUARY
Friday
Low
; 5%
4%
12%
preferred
lien
\
25
W Util common
Central 6
Prior
Corp
Secur
ENDING
Range Since January 1
High
Low
111
Central
WEEK
for Week
Shares
FOR
8alee
Range
Friday
'. Last
Sale Price : :
Week's
of Prices
-
Corp
Finance
General
__
common.—.—10fe
Corp
Motors
General
common—
-■
Jan
Feb
23%
23%
100
13%
X': 13%
133/4
5,750
14%
Jan
30%
28 %
30%
30%
Feb
23
223/4
23
1,700
y'$i "/« 750
24
Jan
22%
23 3%
25%
Jan
common.—A—10
29
Jan
G cap———1
Parts—
—8
Hibb Spencer Bartlett common
25
Horders
Inc
common——.——*
Houdaille-Hershey common
—
*
24
Jan
Adv common.——-*•
Outdoor
General
common-——1
Co
Refrigerator
tiibson
Safety Razor common——,—*
Gossard Co (H W) common———* ;;
Gillette
Corp
Harnischfeger
1,650
,
Inc
Harvey
common
/{ Friday, X \Week's //X •: Sales X
:;.'i Range • for
American
American Products
22%
27%
Feb
capital———10
common
—100
443/8
Jan
Indep Pneum Tool vtc new.———-*
Indiana
Steel Prod common
—1
,.,37%
Feb
Brick
Co
RR
Co
Drug
:,
*
—*
Switchboard common
Kimberly Clark common
Kellogg
Salle
La
Leath
Univ
Ext
Co
&
common
Cumulative
Libbv
Libby common
at
Co -common—.
Printing
preferred
65 3%
——
Jan
P. 19
Xt 193/4
47%
19
ti
^
13%
14
14%
17%
13%
17%
13
15
15
15
49%
Jan
'
13%
Jan
Dredging
Field
Marshall
Co
common..
.
preferred
Mlckeloerry's Food
4%%
West
Middle
Miller
Prod com
capital
Corp
Inc
Hart
<fe
common
Chemical
Monroe
Common;:
Co
Hobart
15
Cooker
National
Pressure
Standard
North
Car
American
Illinois
Northern
Northwest
Bancorp
7%
Proctor & Gamble.
Jan
Randall
46
46
Jan
50
54%
54%
Feb
55%
6%
Jan
7%
Jan
79%
72%
Jan
79%
Jan
34%
35%
32% Jan
35%
Jan
21
21
2
!{
45
U
"B"
493/4
22%
22%
15
15
28%
30%
30%
179
152
152%
179
; 155
Mfg
Ontario
Parker
Mfg
peabodv
Pennsylvania
Poor
&
Potter
48%'Jan
22
Jan
23%
Jan
American Rolling
Jan
16%
Jan
28
Jan
30%
Feb :
City Ice & Fuel—
City Service.
171%
135
.
179
Jan
Columbia
Jan
Jan
12%
11%
12%
11
Jan
17%
17%
17% Jan
17%
19
18
Jan
19
82
77
Jan
General
Rath
B
Co
Packing
—
4
82
10% x
.
....
1
common—
..1
9
x
32%
26%
Jan
12%
,
Schwitzer
Sears
Cummins
Roebuck
Serrick
Corp
42%
Jan
Jan
25
24
Jan
X;
•)
7% »Jan
26%
25%
25%
25%
•
29%
30
1
capital
Gas
class
new
B
22
23
~~
X;
capital
.1
common—
Sinclair Oil
South
Spiegel
St
Corp
Bend
Southwest
G
Inc
Louis
Nat
Standard
•
new
—•
Lathe
&
E
Works
5%
capital
pfd
.
5
100
2
common—
Stockyards capital
Dredge
•
preferred
20
Common
Xt
'
45
11%
-
43
12
•
Timken
Oil
19%
20 •'
25
Jan
27%
Jan
105%
Jan
Jan
33% Jan
Jan
27
Jan
29
Jan
30%
22
Jan
24%
Sterling Brewers Inc
30%
Jan
Jan
33%
Jan
931
9 3/4
Jan
14
12%
14
75%
80
539
74
Jan
22 Va
23
405
22
Jan
-48%
47 %
48%
246
43%
Jan
48%
Jan
65%
65%
25
63%
Jan
653/a
Jan
9%
Jan
Jan
17%'; Jan
45
Jan
80
Jan
233/4
-
Jan
Sale Price
■'W?
X {/:/r.; y /
\
/;■ J, Pat
Addressograph-Multigraph com (Un)-lO
Akron Brass MIg
50c
// Allegheny Corp
——1
American Coach & Body
—'—5
American
;
Tel
&
Tel
Apex Electric prior
100
—
pfd-v^.!L!U'-.-!lOO.
Week's
Sales
;
Range
of Prices
Low
Shares
XXX';/ yi
r"*
;pp'<p
;XXXX;'«ti//)iXX
Jan
400
8%
Jan
8%
Jan
8
Q
4P/4
8%
8%
200
5%
Jan
8%
Jan
2
':''X
17% 17%
al92%al94%
107;
Range Since January 1
High
a41% a41%
Jan
32
v"
17
95
Jan//
Jan
18
Jan
1943/4
Jan
105
10
107
;
187%
124
JabX
107
Jan
■
' Jan
12%
/ Brewing Corp of America—
Jan
20% Jan
20
19 Ve
Jan
20%
Jan
37%
31 V»
Jan
37%
Jan
110% 110%
1103/e
Jao
:f,110%
Jan
24%
a
—
Friday
Last
X
Jan
36
Bearing-
stocks—
Jan
-
*
Brands
Roller
Jan
19%
25
213A
Jan
423/4
44
42 %
Jan
V. 45
26
25
Jan
26
Jan
7%
44%
Cleveland
Cleve
Cliffs
—10
Iron
-*
preferred
(Un).———.1
;,?■' Cliffs Corp common—
5
Jan
Jan
..
*
—
Jan
Graphite Bronze
86
a29% a30%
215
a31
a31
; 102%
a63% a63%
•
27%
211
80
Jan
30%
,
28%.
25
101
Jan
72
X-v'.' 98
32
Jan./:
Jan
Jan
Jan
Jan
102%
/
Jan
643/4
Jan
'
30
■
57%
Jan
•,
i
Jan
6
,a79% a79%
4 City Ice & Fuel—
X .Clark Controller
;,-/ Jan
26
7%
73A
—10
capital
Jan
27%
Jan
34
1
of Ind
28%
99
22%
—.....
Jan
41%
42%
25%
Jan
Consolidated
Eaton
4'
Pt.arrfnrd
112
•
Signode Steel Strap Co—
Common
13%
273/4 Jatf
989
'
79%
Motors
'A:' 9;;:''V -Jan'
~
Co
&
33%
Jan
46%
102% Jan
32
X
11%
24%
Jan
33
50c
common
30%
32%
;'X84';' ^'.;Jan"
9% Jan
32
•
Co
46%
104% 105%
1Q
common
23
9 4 ■;/ 9 X:
27% 27%
"
W/i
•
common
Electric
-,
10%
24%
24%
/•
50
Raytheon Mfg Co common (new)
Sangamo
10%
23
45%
10
common
Car
•
Pure Oil
35%
303/8
"■•
Jan
77
/A
338/8
__
*
Jan
18
35%
30%.
M11L-m^..^.
—
Jan
156
Jan
23%
5
A—
capital
(The)
Steel
Quaker Oats
class
RR
class
Co
Co
Pressed
class B com
Switch
66%
Jan
26%
10
common
Jan
7%
66%
Jan
25%
1*
common..^.,
(The)
Co
Coal
Elec
Penn
Co
Co
Pen
35%
93/4
70%
Feb
50
26%
XX,;, ,6
Corp common—..
Jan
Bank
21
45
1
common—
Omnibus
Jan
•
Printing—
Standard
Oak
15
Preferred
Jan
40
,
Jan
Jan
15%
7%
X
14
45
15
Jan
180
94
683/a
—
Playing Card.
S
174% Jan
34%
9%
68 3%
...
32
49%
6%
94
17"% Jan
44
49 %
2%
,
U S
Western
—100
Shoe common
47%
*6%
34%
Jan
7%
79%
—
preferred .a.—————...X.100
Bush
Nunn
49%
9s/a
Jan
Jan
13%
51
;W'X:;
National Pumps
Preferred
17%
16%
6%
79%
•
West Util prior lien pfd
Nor
Feb
9
Jan
Jan
55
15%
Jan
13
653/4
55
51
..
17
46
•
common
Magnavox
143/4
20
common
X;
200
20
653/4
„„
30
60
.
153/4
lo
common
Corp
Jan
59
«
———.
17%
•
54%
7
—_
common
5%
.....
Jan
37
...
r.^-—,
^
Lunkenheimer
Jan
30
88
36
55
preferred
Jan
94%
24%
80%
participating preferred.
Leonard'■
Feb
23%
60
"A"
first
Kroger
X;
Jan
17
100%
'VP.
36
Jan
23%
Jan
■:
Jan
22%
20%
9
17 X '
':
54%
.
common
Feb
100
•
Jan
110
10
15
88
,
17%
National Cylinder Gas common——.1
National
Jan
111%
233/4
15%
10
1
common.
Muskegon Mot Spec class A—
18%
22%
7%
—
!/
115
Jan
14
Jan
91% Jan
125
13%
180
15
V:
Insulation
Hatfield
Feb
180
—'
Art
Feb
46
21%
9
'-'V-XV.
Co
16% Jan
109
13% Jan
6% Jan
111% Jan
80
13%
■
...
Jan
15
46
21
23%
preferred—
&
45
22%
1-t——
Ward
18%
^
;
X'Early i& Daniel....„
17%
111% 111%
—I
common
,
Montgomery
17
46
vtc
$1 prior preferred
Minneapolis Brewing Co
Modine Mfg common—
18%
*
*
100
1
com
Stock. Yards..
•
Kahn
McWilliams
58
1,744
30
Gibson
Jan
5%. Jan
17
30
Formica
Jan
51%
110
30
Union
21
Jan
12% Jan
234
94%
Cincinnati
17% Jan
105
6
115
94
Warehouse..
Jan
4%, Jan
48%
60
94%
Telephone
46 >A
1% Jan
50
Cincinnati
Tobacco
High
Jan
110
,
Jan
14%
/
Jan
13%
4334
114
115
..
Dayton & Michigani preferred
Eagle-Picher J..—...
Jan
x:/;i4
50
5%
....
Jan
Jan
'
13%
21
50
13%
..
Cola"A"..._a..._.,__.__.,
Crystal. Tissue......
Feb
,193/4
12% Jan
11%
'
710
16%
Coca
,
10
Jan
14%
'
:
Feb
.67
;
Jan
46
48
Jan
14/8
•
Jan'
7% Jan
10
-
com—*
—10
& Chemical
Lindsay Light
7%
*
7
1
preferred
McNeil
Lincoln
5
——*$
common
16%
12%
65
4Va
17
Cincinnati
'
1
common———-—
45'A
3%
21
C N O & T P—_
Low
4434
4%
Cincinnati Street-——
V
Kf>t7
High
45%
,.»
f: Cine Gas & El preferred
*
//•:/
Range Since January 1
Shares
20
1
...
Jan
35
—*
$6 pfd-
Power
Interstate
Xi6';/;>Jan:
Machinery
Champion Paper & Fibre.
Churngold
a
Cincinnati Ball Crank
Jan
Illinois' Central
Laundry
Baldwin
,33/\ Janv
20%
of Prices
Low
Jan
Jan
Illinois
Sale Price
Par
Jan
Jan
10%
Hupp Motors common (new)
•"'
.
/'•" Last
STOCKS—
60
5
1
.
Jan
23%
Motor
Werner
Hubbell
-
Co
tirew
"iieuiait
Hein
235/e
•
Great Lakes D & D common.^
23 %
403A
common.
1
.9
9%
8%
Jan
;.v4 9%
Feb
Corp common
.Storkline Fur Corp common—;
5
24
24%
23%
Jan
24%
22%
21
Jan
24
21
21%
20%
Jan
22
15
Gas
—4
Manufacturing
RR
Faultless
(Un)
Rubber
30%
33
a46% a47%,
a69%
69%
a22% a23
—
31 '
—
33
Jan
?X
47%
Jan
Jan-X
693/4
Jan
23%
Jan
26%
Jan
X/X 230
43
Jan
67
64
f
17
X Jan
2,287
254
"
31
97
28%
80%
60
66
Jan
)•■>■'
31
Jan
80 3/4
Jan
Jan
Jan
22%
Erie
Natural
Stewart-Warner
Sundstrand Machine Tool
For
footnotes 'see
common
pege
689.
10
5
X,
A; Jan
Jan
•;,
(Un)—;
Gabriel
••
(Un)—25
a80
a
——-——1
al3
al3%
55
10V2
Jan
50%
331
46%
jaA
Firestone Tire & Rubber com
Co.
General
Electric
(Un)
*
.50%
/
13%
; W,
Jan
50%
Jan
Volume 163
Number 4461
THE COMMERCIAL &
,
FfNANCIAL
"
CHRONICLE
683
OTHER STOCK EXCHANGES
FOR
RANGE
Week's
Friday
Last
■
General Motors
—10
Shares
74
36%
Co
—*t
a44 Va a44%
—E—.*1
a70% a70%
(Un)
common
<B
F)
-1
t
Great Lakes Towing common
Preferred
Greif Bros
Hallo
&
■
.
.
•
34%
54%
84%
394
13%
Jan
20 y8
43%
659
41
Jan
44%
,31
""
Acme
National
Tile
N
&
Mfg————
x.
»
w<»bman (Bros
<
..
•
^
■
r
on
Jan»(
60
40
Jan
45
Jan
U
8teel
8
(Un)
Dorn
18%
Jan
Jan '
7%
32 y8
-
Jan
35%
Jan
23
25
Jbunaim
Jan
Jan
"
46%
365
42
Jan
46%
16%
Jan
19
770
29%
Jan
(
38%Jatji;
—-—A*
—.
Consolidated-'
Warren
46%
,,
Bolsa
Chlca
Oil
58%
*;
60
681
53 Vb
Jan
60
1
80
18%
Jan
21%
Jan
a23% a23%
23%
30
25%
Jan
59
792
a66% a68%
■23%
Jan
Jan
I
854
79%
Jan
95%
Jan
100
29
Jan
31
Jan
4%'
300
93%
31
31
new_
4%'
&43% a43%
4% vjaij*
37y2
25
a68% a73
320
35
25
of
Douglas
,v:'c-«,Vy
New York Stock Exchange
Co
Jan
Dresser
Jan
Corp
Equipment Co_
Exeter Oil Co, Ltd class A"—.;
Industries
(new)
CO.
Television
Holly
New York Curb Associate
Radio.-
class
Oil
Jade
A—
Exchange
Detroit
5%
common
Co
"A"
Cleve
&
Detroit
Edison
Detroit
Gray
Steel
Detroit
l
23
Wood
Gemmer
5
Corp-
—
General
15 y2
Jan
12,112
3y«
Jan
19%
455
18
'
100
135
.
9
Finance
Motors
Jan
19
*■
Jan
135 */a
6%
6,820
2,714
1,175
V
6%
27
-•
17
8'A
25
741
18%
5%
2*
•
Co
6%
:
6%
:
3%
*
4
"
Graham-Paige common
8%
1
_
.
Hudson
Car_
Motor
Hurd Lock
&
Common..
Mfg—
17%
6%
27
Jan
—J——
--
Safeway Stores, Inc
*
Security Company —**^——"30
Jan
18%
Jan
Jan
6%
Jan
3%
Jan
4
Jan
Shell Union Oil Corp—
Sierra Trading' Corp
Jan
Signal
20 y8
Jan
Sinclair
1,010
13%
Jan
143/4
741/8
Jan
80
6%
Jan
8 3/s
Jan
15%,-
3,125
10%
Jan
153/4
Jan
;
,:"25;
:.
18
27%
33%
.
.
23% Jan
892
17%
1,068
Lakey Foundry
& Machine
370
8
1,990
23%
Co
(Cal)
1
Corn*———
•
Aircraft Company———————1
r
Screw
3%
4
39
,
6%
preferred class B—
5 % % preferred class C——
Southern Calif Gas Co 6^ pfd**
-
•
18
Jan
oouthern
27%
Jan
Standard Oil Co of Calif
34
Jan
Sunray
Jan
10
:■
McClanahan Oil
3%
7,230
Jan
Jan
35
4
Jan
39 ; '.Jaft-
Jan
Die
Mid-West
Abrasive
i
Oil
—
Corporation
Murray Corp
i*
*
common——
Union
Inc
Oil
8%
100
10% Jan
Jatt
—50c
———
8
5
64,342
2%
Jan
9,836
Jan
6%
113
Jan
5%
Jan
8%
Jan
20%
Packard Motor
Car,
*
—
Park Chemical Co common
1
4 Parke, Davis
common—————*
Wolverine
1*;.
Parker
12
III
7%
20% -Jan
21%
Jan
Black
21%
Metal Products———!
| Prudential Investing
Rlckel
(H W)
————1
Co
—2
( River Raisin Paper
4 Sheller
5
Tivoli
■
10
—
Manufacturing
Simplicity
totaxiuara
»
—
Scotten-Dlllon
Patt
Tube
i
1
common
Brewing
Investment
Bhirt
U
S
■
Walker
Warner
Wayne
«fe
Co
For
see
4%
6
689.
Jan
12% Jan
Jan
Jan;,Vv
7%
383/4
*•.:
Jan
Jan
"31
Jan
Jan
4%
Jan
Jan
6
Jan
2,125
7Va
8
1,115
8%
9
600
195
211
9%
9%
.
1,104
1,350
""2.45 Feb
44%
Jan
43%
-
Jan
393/k 'Jatt""
39% Jan
59% Jan " "63% Jan
14 3A Jan
14% Jan
" .10% Jan
8% Jatt
55c
Jan
153/4
Jan '"
3%
8%
65c
Jan
17%
>
Jan
Jan
4%
Jan
Jan
9%
Jan
26%
J an
'
a27
a26% a27%
55
■
223
685"
55
a32% a32V2
26%
Jati"
53%
Jan
55
31%. Jan
Jan
11c
30,000
10c
Jan
23c
-«
193/a
14c
.33%
14c,
25c
3,200
23c
Jan
25c
Jan
20 Vb",22
13c
v,.';
•25'
•
2,281
19%
Jan
20%
Jan
Jan
Feb
8
Jan
12
-
v
;■:;.;
-
Jan
16%
Jan
63/a
Jan
""13%
Jan
6%
8 «:
13%
1,050
1,750
6%
12
Jan
Jan
al87/a al9J/8
39 y2
Jan
31%
-32%
1,351
31%
Jan
32 '/b
Jan
31%
31%
507
30%
Jan
31%
42
136
42
Jan.
42
Jan
64
64
525
57% Jan
64
Jan
46
47%
1,302
46
Jan
49%
Jan
9
9Vb
Jan
.{:9V* Jan
.*
Consolidated
Inc-
Co—
,
.22%
Jan
22%
4,475
19%
Jan
21% Jan
25
Jan
21
Jan
Juneau
Gold
Mng
a62% a64%
_
28
;
4,010
1,305
16
100
a32-
235
33%
Jan
333/4
Jan
656
75C
Jan
"1.00
Jan
16
a30%
1.00
l.OO
16
Jan
925
14c
17C
19,200
12c
15c
15C
; 20c
8,700
12c
2.15
2.20
2,000
8C
28,000
7c
50,100
Cons, Chollar G & S Mng Co—
1
Imperial Development Co Ltd—25o:
Zenda
Gold Mining Co-—-
8% Jan
10
16c
—25c
Unlisted
19%
:
"
Jan
Jan
8
■••■•:
Jan
9%
Jan
8
Jan
13%
Stoeksn—
Rad
American
American
Tel
American
9%
9%
—
7c
"8c
24c
20c
21c
Stan
&
& Tel
Vi--*—
27
.
*
Jan
24%
16
Jan
Jan
Jan,
Jan
2.20 Jan
10
17c
20c
Jan
Jan
Jan
2.60
Jan
Jan
8c
Jan
14c
Jan
24c
Jan
18
Jan
19% Jan
192% Jan
192% Jan
Jan
1
Corp
*
.——100
"""
a69% a72%
al94y4
al92%
Ry Co—
Co—
-100
x
a 107%
49%
14%
Jan
Barnsdall
16%
Jan
Bendix
60
60
60
Jan
60%
Jan
Bethlehem Steel Corp—.
39
Jan
Boeing
Jan
Borden
v
6%
12
,i
Jan
Airplane
al09%
Company—*——5
—-—15
a517/8
—
—5
38%
94-
•
Company —
Borg-Warner Corp
12%
Jan
Jan
Jan
49%
Jan
14% Jan
109
Jan
24
9% Jan
13%
Jan
Jan
38%
Jan
22% Jan
24 y8
Jan
35
a54 '/a a56%
5
—
13%
38%
Co—————5
Corp
43%
109
a38 a38%;(
Baldwin Locomotive Works vtc——13
Jan
Oil
49%
14%
12%
Corporation
Aviation
194%
al07y« al09y8
—25
—
a
a68 % a68 %
—
F
19%
19%
—*
Co
Co—
Corp
———14
a68J/2
Copper Mining Co
50
Co (111)—
5 % 14%
Refining
Aviation
,
San
Refin
Viscose
Anaconda
Armour &
A T & S
&
Smelt
13%
Jan
24
I
"400
Jan
66
26%
25%'
23%
106
Co——10
Mammoth Cons Mng Co-*
Gold
Mng Co—
16 %
Jan
■'
Jan
Mining Stocks~-
Jan'
4%
Jan
30
1,600
20%
a
8%
9
Jan
22%
.
10%
39
8%
30
20 Vb
5
Jan
1,815
15
22%
—10
Jan
12,422
■
20%
—2b
Oil
8
."343
940
Jan
22 %"
—2
California
ot
A29% a29%
__
10
6%
.
25
900
12
■—_■
25
200
25
90
Jap
8%
6
39%
Jan
36
10 Va
11V2
Jan
Jan
75c
.
2,372
15 %
3
Janr
-
Jan
13 %
1.45 .Jan
..
Jan
Jan
39%
10%
6%
1.50
Jan
Jan""
43%
4
Western Air Lines Inc
—1
Yosemite Portland Cement
preferred-10
Atlantic
13
ioya
37c
Jan"-/
41
2,287
Feb
"■■/ Jan
Jan
6%
5,930
17% ; 19%
7%
Jan"
1.00. Jan
100
16%
4%
Jan
55
Jan
5%
10,510
19%"
:
"
828
.
Jan
83/4
Jan
8,025
.
Jan
1.15
Jan
2.45
105
Jan
43
"f.
38%
—
Cardinal
4
766
3,419
8%
Jatt""
:H>. ' » '
i>^,05 Jan
44%
'..
Jan
1.50
43%
,
Jan
-
;Jan"
Jan
5%
11,215
39" 39
1
4
page
■; 7
3%
Jan
'
Jan':
8
—
Products
footnotes
29
13%
50
common
934
12
class1 A_—
Aircraft
Screw
Jan.
29%
"v7;;y :/ 8:/"
7%
iil
common
36
29 y8
12
—.__
__—***_*—
53,8
.
Amer
Distributors--**—T*;
Radiator
Preferred
common
3,005
666
4%
6
„1
Union
Xfniied
7%
38%
5%
.4%
i
—
I Udylite Co
:
i
■
10 y3
,6
l.,i
common—
B
6%
9,394
38%
"v"
12%
6V'2
38%
'
Peninsular
11%
•■■
Jan
72 %c
4,680
2,275"
a
Kamp's (HD) Bakers, Inc_
Alaska
470
5
7
„1Q:
—————————
Van de
Jan
Jan
200
-""f! J;
Jan
7%
3%
b%
■
20%
13
300"
60c
—
Corporation—.
Transcontinental & West Air
3%
,-i
5
/■•// 250
93/a
1
—
iransamerica
11,110
■m
3%,
Casting——l
Sugar
Jan
25c
14%
25
Company—-—*
Pacific
Textron
5
7U
'
common
Michigan
Michigan
I
A
1
30c
Jan
23% Jan
8% Jan
Jdn
7%
700
725
T0%'
10%
_2;"
—
Proaucis
Jan
.8
"
55c
Ltdl....—25
Southern Calif Edison Co
Jan
Jan
22
100
8%.
37%
_1
LaSalle Wines ——2:
Masco
800/
16%
—25c
Oil
Universal
,
Jan
26c
6%
8%
^——-15
25%
23% Jan-"
30
Jan
412
10
8%
Jan
1.35
Jan
4,862
Petroleum
Solar
Jan
1,971
8%
14^8
80
.
23%
—
"
Jan
10%
Jan
45
23,200
70
35%
Jan
42%
5,500
32c
Jan
" Jan
32
•'
Taylor' Milling Corp—
King Seeley
Kingston Products ———i
Kinsel Drug—--———
;
i
Kresge (S S) common———-——10
"
1.50
Jan
1.90
>
"
Jan
1.35
4,400
ioy8
91 Vb
Jan
193/4
143/a
9%
Jan
Jan
8s/b
60c
1
—
Feb
1.05
Jan
G%
/.
wxj-'-*
Jan
64%
Jail";";
■
27
14,275
55
"
Jan
"
9%
-
;
79%
"
a63y4 a64 3/8
JxZ
——
Jan
397/a
•
common
8%
1.65
64 Va
11
Jan
31
44%
'
"
1
Corp
Jan
43%
44%
.
9%
'
Jan' ■"
89
"","637 "
93/a
2.40
common—*
Ryan Aeronautical Co_
Jan
143/4
9%
_
Oil
Warrants
Jan
33%
*
—1
Richfield
Co
,
8
13%
Jan
" Jan
""1.70
3,000
70
193/4
"
Jan
V; 32
•"'5,250:
1.15
13%
Jan
"
Jan
64%
Jan
1.25
•
10%
425
28c
—
14
75 3/4
5,600 "
14,700
j.
1.05
31C
_i
Oil Co
"■
45
93/4
.
:
Jan
Jan
26%
«
_
1
Rice Ranch
19%
17%
.
55
1
*
Service
"' r,
8%
Republic Petroleum Co common—1
12%
24%
1
Jan
420
;•;•
4.10
'
Jan
18
" 31
;'v
Jan
.
Hoover! Ball & Bearing———
Hoskins Mfg common
—2%
42%
23
525
7%
13
Co_.
Public
20 y8
78
.
42%
a
Jan
16
423/s
'
Jan
8
280
1.50
—1
Corp.*—
"
20%
"1.30
1st
14%
13%
-
-
Houdallle-Hershey
Oil
19 %
common-
Petroleum
4,000
»
20%
•
1
Pictures Corp
Oil, Mng & Dev Co
4,137
10% "
10
1.50
—
M
Feb
>■'
106
.
351/4
"" 34
1
Co—
'
97%c
•2,445
30c
——
14%
Brewing
Petroleum
Feb
'
Jan
620
1.85
26c
V:
Jan
90%
—
Pacific
26
89
" 30c
—
25%
LI"
'
1.35
Corp.——
Jan
MM
203/4
197
1.70
1.20
,,t
Jan
323/4
500
1.30
,
Jan
Feb
30%
Jan
" 1,358
10c
:
3,250
1,136
6%
ik,
19
40%
Jan
;
a32% a333/4
34%
\-
Jan
'
1
89
Jan
Jan
625
a69% a70% "
1.70
;
preferred—
25
5V2% 1st preferred ——————.25
Pacific Lighting Corp common—
•
Jan
9%
11
Jan.
Jan
14
:
171
9%
Jan
;
793/4
Jan
Jan
'
23%
Jan
21
560
v
Jan
7
Jan
171/4
19%
793/4
a69%
Pacific GaS & Elec common"*^.**»25
19%
21%
.
■„
Manufacturing Co—
Diablo
•
793/4
'
23,550
11
•■"■■'—*
Jan
176
Jan..,:.:
"31%
■;
1.25
(
l
Oceanic
Jan
783
a
26
26
*
—
Jan
30%
1,980
315
10c
Jan
Jan
285
5%
-
common
45
23%
1.00
••
Jan
5%
43/4
9%
25%
'-i''
.
,
4%
23%
23
8%
•
■
—
-
Jan
•
-V:
14
""1/9"
10
Co
Merchants
Occidental
1
26
•
10,675
135
23
•
Industries
Mfg class B_
General
1,272
4%
23%
20
Iron
High
4
■
•
•■
Federal Motor Truck———
Goeuei
;
'■
common
Range Since January 1
,17. v:'
.4%
—
Frankenmuth Brewing——
;Friar's Ale: ———J—*—
Gar
Shares
5%
19 '::■"
*
Navigation
Jan
54
34%
154
-
20%
193/fl
com—*
Corp
Co—
Oil
20
1.25
Corporation, Ltd.*
1
Northrop^( Aircraft inc————1
for Week
4%
19
.
common-
6%
Jan
■
92"" ."
a30% a31%
3 Qr.
Petroleum
Monogram
High
135
Paper
Jan
" 17%
14
10
Inc common:
Petroleum
Lane-Wells
Mt
t.
20%
*
Nordon
19
—
Motors
.
Sales
Range
Low
Corp
Continental
Jan
6%
1,560
1
Oil: Co
Lincoln
of Prices
Sale Price
far
25%
S.93% a97%: "
—mi,
1
Intercoast
v
Week's
24%
25%
.
*
Menasco
Last
1,087
common
Mascot
Friday
30%
_2
Corp
Lockheed Aircraft
Detroit Slock
.30%
Co
Motor Car Co——
Hunt Foods
Telephone; Randolph 5530
Consolidated
Jan
73A
114
27 "
30%
I
Development
Hudson
1
Chrysler
6
Jan
41
,
1,445
"3,551
1
Corp
Motors
&
Gladding, McBean & Co.^.
Goodyear Tire & Rubber Co
DETROIT
Adding Machine
Jan
Jan
5%
600
al38% al39y8
_5
Hupp Motor Car Corp:
Burroughs
Jan
97%c
48
34
" ""
23%
4
&
Stores
7
40%
,-50o
Electrical Products
Chicago Stock Exchange
Ford Building
1
160
Jan
Jan
6%
7%
175
23
•
—
73%
Hancock
Detroit Stock Exchange
—————
44%
11 Vb
"
5
1,763
40% ."•"37'
Inc—.H—l
America,
Aircraft
31
Members
_
51%
»
^
Jan
i
al39%
;V'??fev .'"iii
Jan
Jan
General
WATL1NG, Lerchen
Rubber
80c
•
■>
Creameries
Fitzsimmons
McLaren
1,800
160
5
i*
Jany
65
a29
ft23
5%
44
Jan
Preferred
V
Garrett
Brown,
"
44%
__
*
t_
Colorado Fuel & iron
Karnsworth
Baldwin
Jan
48
6%
Chrysler Corp
;
Emsco Derrick
Allen Electric
4%
6
3,400
7% I
2,205
:"T' 6 £ v" 6,532
5%
5%
__
Cessna Aircraft Co
.68% Jan
"
92%
Youngstown Sheet & Tube common—*
Youngstown Steel Door <Un)—•-
STOCKS—
5%
Inc common^**
Jan
2,740
90c
7%
California Packing Corp common——*
Central Investment CorD
100
Jan
a22
58%
a22
—1
———
;,
High
.15%
5"
80c
g
;
,
Low
268
-
——.—•
•
Works
Iron
90c
Range Since January 1
High
17 VB
4%
1
Corp..
■Broadway Dept. Stores
al8
Refining & Chemical-—-----2
White Motor
""" 5-
1
Co
Shares
11 Va
Jan
a33% a37%
Co
Berkey & Gay Furniture
Blue Diamond Corp:
Jan
176
Petroleum
for Week
C Low
————50c
——
Barnhart-Morrow
Jan
al8%
Mfg
Sales
Range
of Prices
Sale Price
"4S Par;
Aireon
Jan
24
•
Week's
y'v Last
8TOCK8—
Jan ;
Jan ■
21
212
so
"38%
Jan
6% •Jan ,:.■••■
345
24%
,
,
——-•
—
TRinity 4121
—
Angeles Slock Exchange
Friday
•
1,460
-
Los
Jan:
Consolidated Steel Corp
Van
usted-Unlisted Issues
LOS ANGELES
—
Jan
7%
24%
10
onio_—
oi
56%
a21% a22%
——„—*
Thompson Products Inc_.
Jan
a33% a34%
—-•
—1•
(Un)———
Beiberllhg Rubber
otanaara
r
.
16%
32%
—*
,
Jan
32
Jan
-16%
Pennsylvania RR ——-—*——50
v
14 V*
120
7%
Y Central RR (Un)
•
Oil
<Unr~~m
Radio CorpRepublic Steel
|210 West 7th Street
Jan
.'17%
400
*
———
" "51%
Jan
511
•
17%
16%
Ohio
Patterson; Sargent
1
Angeles Stock exchange
Jan
Jan
15 y8
a37% a38%
—-——-1
— .
;
40%
2,885
56%
56%
30%
450
-
";44%v"45"V
Metropolitan Paving Brick————**■
National
Member Los
Jan
2,327
-
16%
*:
.
50
14%
*
V
119
a49% a51%.
16%
Cement——
COMPLETE INVESTMENT
Jan
43
31
class B——
(
^
.
Jan(
*
f
M
Jan
al7% a 19%
-——;
T——
m
Jan
54%
Jan
•
Portland
34%
Jan "
65%
Lamson & Sessions——10
(A G)
Jan
m
Jan
31
35
17%
Medusa
55%
.
*
-
m
"78 ;l
Jan
103
Co., New York
FAIRMAN & CO.)
32 •7-: Feb y
Jan
■v
;■
Jan
•
54%
15%-
McKee
Jan
,
140;
:——■-<——•*
&
L
Jan ;
a80% a83%
——
Laugnliu
Island
75
Jan
Jan1;'.
71%
26
Jan
31 'A
10
35
54%
34
.
165
V.;;
17 %
Kelley
Jan
44%
78%
>
V
.
*
—...
Steamship
Ma chine
260
53
Uni
i
.
75
53
130
32
75
:
————50-
Rayon
Intcylake Iron (Un)
Jones
26
311/4
10o
*
common——--5
Bros
Preferred
Interlake
24%
100
—
_________
Cooperage class A——
Industrial
Ja eger
Jan.
22 y8
a78Va a78V8
i
Jan
-
Glldden
&
Jan
80%
Jan
70
649
Jan
5C%
'
80
Direct Private Wire to Allen
High
Low
Goodyear Tire & Rubber common-—-*
■Gray. Drug Stores———'———*•;
Goodrich
1
Range Since January 1
High
78%
FEBRUARY
Sales
of Prices
Low
ENDING
for Week
Range "
-
Sale Price
STOCKS—,
WEEK
a
101V* Jan
104% al09%
33
33
33
a51
Jan
5~4~
Jan
a52
53%
54
52%
Jan
'■
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, February 4, 1946
OTHER STOCK EXCHANGES
:
Week's
Last
Range
of Prices
Shares
.'
"STOCKS—
'
FOR
WEEK
ENDING
for Week
Sale Price
Friday
'• V:-".|V
7
RANGE
>
High
21%
22 %
1,065
a45%
a47
395
a74 % a76Va
:4;H>::,7'7'-7""7:
Case
I)
<J
na47
Tractor Coa"4 /a
Cities
Service CO-—7VP-P 7
Columbia Gas & Electric Corp—,
--
a2o
Corp.._
Solvents
a33y2 a33%
,a
3%
•
Co
1
*
Corp
Tel
International
of Canada—®
Inc
OU
Co-—-
47'%
Jan
50%
Feb
Co
Texas
^
'V
v
,r' '•
V 'iVf
1
J'
United
Aircraft
United
Corporation
U
S
U
S
Lines,
Rubber
—.
Wooiworth
Columbia
Puciuesne
Jan
29%
41%
21
-v
Jan
50%
v-31%
Jan
11%
Jan
Jan
47
Jan
fe50-f/r:l;Jatt;s
47U
76%
Jan
78% Aran;
35
1,060
32%
Jan
16
903
34%
438
22%
12%
16 %
477.7
.V 60 Va
60 Va
Jan
43
Jan
a66 a667a
22Ts
39% Jan
>
Jan
44 y2
!
Feb
Jan
Oil
17%
13%
7:37-7
3
1182
16
-
17%
63
9%
350
28
27%
17%
17%
11% 'o-
11%
17%
44%
Feb
Jan
17%. Jan
&
Steel
Gas
common
Springs—
vtc
Common
290
7-715%
160
10%
Jan
4675
1034
3670
2,101
6%
3348
780
47%
Jan
41%
Feb
437a
a65%
a68
203
68%
Jan
31%
Jan
&j>°%
33%
a20%
al05%
a
109%
a
160%
'
7%
a70%
a52%
—
3834
a25V4
49
'
a57
a58
—
■
'
22%
'
36
.Jan
36%
47%
48
731
43
13%
13
13%7
295
10% Jan-
V
8%
8%7
8
2%
.
2%
12%
2%
300
T2%
50
rfr'+i1 7V > 7- -STOCKS—:;7
,
Z
\
'x\,\
\
',-'7'. W&
::7:-;-;.- :;7,
7
par
-
86^« Jan
31% Jan
Jan
Tei
American
35%
"36V-» Jan:
25
25
-100
Tel—
&
194 %
Feb
Chicago Stock Exch.
39%
Jan,
Wheel
Brothers
—-
...•
Power
Pennroad
St
91
7
'•h "
Jan
195%
54 ya
7
37%
■.
-V *•
———.
•
Light
91
Jan
26V4
Jan
:v
Jan
22% Jan
790
21 %
Jan
2247
22%
27
Jan,
Jan
395
80%
2237
44%
25
—1
Corp
:'.;V
17 %r
50%
11%
9
46
1398
40
523
36%
Jan.
40
Jan
38%. 39 Va
764
35%
Jan
39%
Jan
I
u
' K,:
'
1
^
«'
Hi
.
-
.
;
Hyde Park
24%
Hydraulic
Jan
7
.
Brewing
Pressed Brick
Preferred
preference common
4.4% preferred
———.
Phlla Elec Power 8%>
pfd
—»
Z100
15
Jan
17%
Jan
12
Jan
17
Jan
Jan
i2y2
Jan
7% Jan
41% Jan
9%
Jan
Laclede-Christy Clay Prod com—-—5
Laclede Gas Light common—4:
47%
Jan
Laclede
3
Reading Co common
2nd
preferred
Reo
'
"-'.V
Motors
'J
'
Scott
Sun
,
'
r
y:
•
• • '*
*
27% Jan
44%
46
231
41%
Jan
46
Feb
Mo Portland Cement
29%
30%
6172
277a
Jan
30%
Feb
National
29%
31
895
K. 27%
Jan
31
Jan
Transit
..
-'
Invest
119% 120%
28%
L-.
43%
Jan
1
120%
Jan
32%
Jan
St
46 Vi
Jan
Scruggs-V-B Inc, common--
33%
Jan
46%
Jan
'
Jan
33%
708
27% Jan-
45%
306
44%
Jan
30%
31
55
30 Va
Jan
r-/" :•
'■
Corp
«
Securities
Jan
;
55 Va
53%
25
68%
'98-
1555
1%-
%7'-: m ■ 1%
77®7:4',7,;,7i
..v—
i
V-?
3%
67%
-
>-
791
4
3%
52% Jan
135
56%,
67%
mz'7:4 7777
4y4;m
-
57%
Jan
3% Jan
4
Jan 7
1%
3%
Jan
4%
Jan
CANADIAN
FOR
7
Last
7-7
STOCKS—
7:77;->'--
.
Abitibi Power & Paper
6% preferred
1%
preferred
■77-.;-77-^'>::7.;
••7;77:v, Par
FEBRUARY
,
'''
"
Oil
&
For
8%
7,130
97
99%
2,975
178.
178
:
106
105 %
10c
•
common
Oil
dc
common
Gas
Alberta-Pacific
Aldermac
7:8
99
23
180
125
23%
7% Jan
93
172
Jan
High
9% Jan
;
7;
___i
___•
see
page
1.65
31
1.60
23c :
Copper
footnotes
9 V2C 10 %c
-.V
—v__«
;
Consolidated
689.
106
.
10 %C
!
32"
1.68
407'.
100%
Jan
10,500
Jan
Ltd
Aluminium
of
Aluminum
—
Anglo Canadian
140
4.000
Jan
Aquarius
Jan
Area
Jan
Argus Corp Ltd
28
1.58
1,000
15c
13c
123,300
9c
11
Jan, 7:
Jan
32
-7:
850
17
Jari
18
Jan
6% Jan
100
350
24
Jan
100
30
Jan
23
Jan
25
24%
Jan
27
7196
33
Jan
40 7
77f 18
141
Jan
25
20
27
400
36
7
141%
30
Jan
Jan
Jan
•
:Janfiv
141% Jan 4.1-
35
32
Jan
20%
275
20
Jan
72170: Jan
77
298
65
Jan
£77777:
,7:7'
46
Jan
46
85
85
Jan,
85
32
32 V-7:
250
32
Feb
32
101
1017:777
50
101
Jan
101
25 Va
45
4-.
<:.;'««>■ ) 48%
34
34% V
48%
48%.
Va
1.72
123
123
Last
*
Oil
*
4V2^
Jan
Jan
Mines
7'
conv
Warrants
Gold
Jan
25c
Jan
Arjon
Jan
14c
Jan
Armistice
preference
—
Mines
Gold
¥
18 Ya
.Tan
376
32
46
$16,900
122
..
Jan
Jan
Feb
123
:735
:Jan777-iJan ;
Jan
48%
Jan
Jan
<
123 V*
Jan
.Week'*^ f„v:v8ale» V
^
Range
tor Week. ..77-!7"
42 %C
25
100
.
—
150
.i •%_
>
——
102
!\
.
38.600
1,941
16,200
-.17,100
HVa
99%
1
45c
43c
1
90c
86c
- r
?%
106
:
- ,
12.274
Jan
.
235'
:.
-
3.571
52,900
--42c
Jan
29,550
-
78c
Jan
•
54c
Jan
26
Jan
103
Jan
150
Jan
107 V2
Jan
1,36
Jan
11%
Feb
30c
Jan
90c
•
Jan
24 %c
Feb
12
J
100
Jan
Jan
Jan
1.90 Jan
3
95c
•
Jan
46c
,
7
Jan
9
Jan
" 98Vi Jan
■
^
1.10 Jan
10
Jan
23c Jan
63c
Jan
19c
33.200
•
:7
%
129 % Jan
:
€0
.
High
77-
' Low
100
80
280
75c
23%c
:
42c Jan
22V'4 Jan
27,900
1,180-
147
150
107Ve 107Vt
1.32
HVic
25c
3
v
1.29
1..36
10c 11 Vic
23c
27c
72c
84c
19c24%c
10
12
99 99%
-
*
100
—
7. 7
42c 7 45c
23 v 26
;
Range Since January t;-:
Shares
High
Low
>
.7
25 %
Jan
1,090
of Prices
—1
1
-
common
Friday,,.:'
'
100
pfd
1
9% Jan
7 26 % Jan
9%
26 Va
25
* 7-
common
MinesPorcUDine Gold
Jan
24
106
23c
18'
20%
^ ■
1
Ansley Gold
180
Jan
Jan
:t
—
Anglo Huronian
Jan
8%
Jan
:-
*
Canada
20*74
7,
50
:7 30
32
;
—————100
—
103 V2
425
•:
Jan
71
Paf;7.::7 '-7"77
'
Agnew-Surpass Shoe
AJax
8%
•
Sugar
Low
•
100
Range for Year 1945
High
100
common—
—
Preferred
Gas
Low
Preferred
7
40
36 v
Sale Price
1
Alger Gold Mines
Algoma Steel common
;
10
46
<■
,
„
n
STOCKS—
-7
Shares:
40
1
"
;
•
for Week
of Prices
100
Acadia-Atlantic
Acme
Sale Price
Range
Jan
u-
25-yr conv inc—1964
,
7- 8ales
Jan
15
77
LISTED MARKETS
WEEK ENDING
Exchange
Week's
9
Jan
'
Funds
Friday
Jan.
Jan
85
lb
common
St Louis Pub Serv
v
Canadian
50
Jan
5
20%
.—-—1007
BONDS
■
Toronto Stock
Jan
13
9 Va
•
5 v
-
Aluminum- common—^——.1
Feb I"
RANGE
43%
52%
Feb
1
4110°
Jan
182
'
30
-100
Wagner Electric
Jan
1,220
141
1
com
——
'7>::555:7
Jan
8
25%
—
7736
Stix, Baor &t Fuller common-——--10
Jan
73% Jan:
w
-
Feb
Jan
47%
884
25%
common——*
Inv
Preferred
Sterling
•
A
Preference
.
'
-I-i
common..—
31
Pub Serv cl
Louis
,
25%
77 32
6%
777-65'7
9
.25
—8.33
common—
43
Jan
Jan
15
-7
26 Va
'
,—7—25
28% Feb
45 7 7; -l"'--7-592
44%
—
u
Preferred.
118V2
93:
3383
31 Vc
:
.
7;
28
Jan
17%
*
common———
Candy
23
152
.
Jan
Jan
58
125
50
Jan
40
18
Steel common
—20 •
Landis Machins common.--——17—25' com
Jan
Feb
Jan
63
Jan
23%
35 •
23Va
f 38 Va
•; 26
Jan
35
4Q
,
52%:
6Va
—
Rice-Stix Dry Goods first preferred-100
St Louis Car common—.,
.10
"
32% Jan
21 Va
20
ya
48%
4.-
Jan
10 % Jan
*'
Jan
32
'■
——
lJL—
Mining
1'V
;
23%
7
—50
Paper common.
Oil
Tonopah
\
®
140
...50
•
•
-
C
8
7'
80
15
common—
Key Co common
'
Knapp Monarch $2.70 preferred
5200,
28%
;V'\>
——————
_
I
7%
Jan
8% Jan
100
32
7
1%
Jan
48
:
210
63
25
30%
737% Jan
110
375
-
50
International Shoe common.—'
Jan
Jan
: 4264
120
...25
Philco. Co.r p-- -;
'
7
7
26
24%
-100 :
Shoe
38
60
55%
Johansen
23%
Jan
Jan
500
35
38
Jan
9
110
50
33%
__
80 Va
t$0%l
49
ion 10%
25%
3
7>44%,
695
49
7-257 7
37Va
'
x
110
23%
100
common
37%
110
loVa
10
>7744
High
Jan
8
50
49
—5
Low
9
9;
37%
*
common
common
Range Since Jannary 1
High
__
61%; Jan
336
,12%
'
503
8ales
Shares
1
Huttig S Vfc D common-
Jan
Jan
73%
7600
Exchange
Low
Jan
1
•
;:
for Week
.......
30%
•
$1
Jan
Phone
Bell Teletype 6L:
V
of Prices
JL,
common
Brewing common
Grlesedieck-Western Brew
Feb
26%
;
7%;7 7>^:7V7
■
Range
35
Pepper
30
•
Philadelphia Electric Co common..
,
Co.
&
.
Week'*
—1
common—
Falstafi
Jan :v
140%
Mfg'
Meyer Blanke
Penna Salt Manufacturing
i.
"
^
preferred—100
27%
■
Jan
CEntral
Z*
8% '9%
■
:
/
.—3
45%: 47%
7
7.*"—
42
^
Sale Price
26%
47%
*
———
46 :
42
38%
Chicago Board of Trade
46
—_50
Pennsylvania RR
Penna' Power & Light
7
Jan
39
Jan,
"
1953
17
16%
Feb
5%
Dr
Jan
130%
55%
IX Vi
,78%
100
Century Electric Co—
—10
Coca-Cola Bottling common—_—l
Columbia Brewing common
„5
Jan
38 Va
22%
248 ',
Burkhart
Jan
Jan
Jan
83% Jan-.
870
44%
716%:
7
8V«
39%
common—7
Bruce (EX) 7 %
Jan
28
25 7-v
•75%
>^V
Feb
8%
.
'
Bldg Equlpt common—
Brown Shoe
7
32%
33%
24%
80
■
Lehigh Valley RR
584
High
Jan
187%
■Z-rk 127
26 Va
~J: ,\~4>
f
•Z.r
Lehigh Coal & Navigation
National
si.
7
777:
•
:
_—
1355
37%
38%
7?: 23 V'4
-J
-13%
Motors
Gimbel
27%
665
688
24
:::io
General
Low
32%
24 34
26Va
24% 27%
138% 140%
■
Jan
8,
Jan
Par
High
,23%
27 %
••
Battery.
8torage
Electric
;
138%
Light—
Power &
Delaware
'
—
Jan
23%
5%
,
Range Since Jannary 1
35%
25 VA ;
:
«
—_i..—.J
Co—
Co ^common
Pub
Curtis
*
Co common
Mtg
Oi
Budd
Budd
Chrysler Corp
27%
420
8Va
8TOCK8—
■Vv-
Shares
37%
38%
Jan
18% Jan 7:
Feb
Jan
Jan
Jan
Jan
for Week
86%
Baldwin Locomotive WoTks v t 9— —13 ;
Bankers Securities Corp pfd-iAr^....50
>> 60c
Curb Exchange Associate
Jan
26%
53%
,53T» Jan
Bank
192% 195%
5c u'7-w_
common—:——
v
.
7
Jan
4th St., St. LouU 2, Missouri
Members
Sales
31%
—.———-
Company
Autocar
23
377
9
2 V2
12%
8
New York Stock Exchange
8t. Louis Stock Exchange
793% Jan.
New York
120
:
v
Zow
*
Stores
American,
Jan
&
7%
^ --u/
f ^
300 North
,'i-.
903
39%
of Prices
Sale Price
Jan
45c
127,400
Jan
Jan
Z Py
Jan
12%
Feb
48%
13%
:
2% .Jan-.;:; •7/
200
55c
Jan
7%
3305
•
Edward D. Jones
290
Range
"
Jan
6V»
47%
•
»-
Jan
7%
4% Jan
75
1,663 '
708 '■
Week's
Friday
2%
5%
8
-———r—*
?J~ t
w,
Jan
51% Jan
Va Jan
a25J/4
a57%
Jan
4% Jan
2
Established 1871
2,526
7,
357'a
^
Va Jan
125
93%
,?
22
127
a36%
6%
Last.
1%
2
6%
100
a69%
Jan
St. Louis Listed and Unlisted Securities
250
al54/#
a35%
Jan
9%
•-Jan.;.-; 1.
Jan
738% Jan
V
194
a517a
Jan
Jan
55.
a51% %
a21%
»49%
19%
12
12%
•
68 V2 Jan
>
42
a58%
Jan
Jan
''<- '
a58
Jan
6% Jan
/
4T%:jan-
288
*38 V2 Jan
Feb
9%
28
Jan
12
9
>
———1.-
Westinghouse Air Brake
41%
>
Jan
Feb
,
17%
,
Jan
9%
Westinghouse Electric Corp com—12Va
40
Jan
26%
26%
16 %
:
567
Jan
Jan
34
,
8% Jan
.
12
-
23%
Vanadium- Alloys Steel
47%
35
a50%
«
13%
!
9%
■:2:."7
12
22%
Jan
115
Mi a40%
p: 3
Jan
163
25%
36 Va
50
41%
r
Jan
■S. 14
Jan 7.7
33
Jan
'
7;-v712%
:
Jan;
2%
308
'
9%
United States Glass common———1
47%
;
•-«.
.
9%
400,.
,
34
23%
Standard
Feb
.
Jan
25%
Shamrock
Jan
2,612
,
11%
1
.Jan
18%
38%
1,482
a587/a a607/e
380
_i.
23%
-
11%
45c
Jan
-Jan
48
25
50c
Jan
4
44%
17
Jan
47
39%
17.
22 '
Jan
Jan
34
17%'
—10'
31
955
37%
22%
12%
;7
27%
———10
1,075
*
High
138
300
vj»-
——1.'.
Fuel Supply.
1,016
23
18%
38%
3
._®
Pittsburgh Brewing common——
Pittsburgh Plate Glass new——„__10
Pittsburgh Screny As Bolt Corp——„
Pittsburgh Steel Foundry com..—*
Renner; Co;
—I.
Reymer & Bros-i——:
San Toy Mining————I,
315
36
'487.*;
25
1
—
Refractories
National Fireproofing Corp
—*
.'Ohio Oil &■ Gas—5.
7:12% Jan
634
Low
7
Jan
Jan
381
a68
Walker
McKinney Mfg
Jan
34%
Brewing
Pitt
Mountain
Jan
Jan
47
-
35%
»o0%
—10
35 %
%
39%
a68
v '--
.
Jan
21%
47
."V
*
38 %
10
860
6,236
'
Range Since January 1
High
45%
34
10
Lone Star Gas—
33^8
238
11%
13%
•'
1
-S
Steel
Harbison
545
—
:--7';:f7:
Jan
11%
common-—•>
Electric
Commercial Corp com
Philadelphia Stock Exchange
■:
Feb
-
24%
725.7.v7..
—®
Brewing
Fort
Feb
'Jan
14
14V4 Jan
34% Jan
Candy—
Gas &
46%
Shares
Last
-7
Jail
'
Jan
Bales
Prices
Friday
777;:
%
27V4
77;,:.' 24 y8
23%: Jan
22%
•; 53
'
far Week
Range
>Iojo
*
-
Follansbee
;65% Feb
•
Week's
of
St. Louis Stock
7 v>
High
7-:7% jan
.47%: Jan
Jan
34%
44y8
..y-
12%
1 V
(P Wi
Company
63o:
a30Va a30%
5
*
Inc—
Willys-Overland Motors,
Jan
Jan
33%
*
;•>.
Westinghouse Elec & Mfg Co
15%
20 Va
50
21%
L)
Jan
39 Va
Sm453^
2,135
38 %
»
Co
Continental
290
.
.
14
18%
« •?*,
Co A
Tel
Union
41%
22%
Inc
Pictures
Bros
Western
(Del.)
Company
1805
24%
Sale Price
.
Ludlum SteeU———•
(D
Jan
a80
387 a
:.Corpy'PpP,
Steel
Warner
Corp
Allegheny
<
.
139%
—
Inc--—
27%
Par
11 Va
95
820
-
55%
-
a21%
-*
—100
10
a49%
8
a363a
"
6%
10> a69%
Corp
Pacific Railroad Co
26%
24
27%
>
13%
1,900
157a
31%
47
Sulphur Co-———Tide Water Assoc Oil—
—10
Union Carbide & Carbon
526
.:7:7':
STOCKS—>
Clark
a78%
—
25
Air
..'7.
/■
75
a33% a333a
—.
United
•
15%
Texas Gulf
Union
7;
Blaw-Knox
12%
—,—:
{-•'
7221
Last
"7
10
a38
C'*-''
IV*
53 %
Friday
8
.
1,198
30%
Swift
i1.,.'
Jan
55
15
17 %
■*
a587/8
*■ >
- --25 ^ 4,1%
Brands, Inc.,.
(Ind)
■
10%
4,315
a55
;
•
6%
50%
Pittsburgh Stock Exchange
):
50%
7
Standard' Oil Co (N J)————25
>■
Jan
50
—*
Oil Co
Studebaker Corp
13%
...
_
Feb
It 41%
a79%
■
-
Range Since January 1
■
6%
Jan :
Jan
-i——* V
Socony-Vacuum Oil Co
Southern Railway
Co—.
Standard
307'a
22%
——.—■——
America.
Corp—
Seaboard Oil Co of Del
Sears Roebuck & Co (new)
Standard
Jan
35
30%
.
—80
25
Steel
v
High
52%
<
—
no
v
Jan
15 Va
————a66ya
Corp of
Jan
30%
38%
Jan
- > >—
—" >77
Phelps Dodge Corp---—
Pure
Inc
Jan i
23%
20V4
•
Republic
32%
Jan
27%
38
Pennsylvania Railroad Co
Low
*
Jan.
Jan
18%
956
6
Packard-Motor
Radio
,74%
31%
:
a75% a78 Va
31%
55 %
'
Inc.———-* '
Pullman: Inc
Westmoreland
938
Oil. Co—-—**-«•J—,
Car Co—'' 12%
Paramount Pictures, Inc——
1
a68
.Ohio
Jan
50%
Aviation, Inc..,—,*-11
Co—
1®
North American;
North American
Jan
13%
Jan
80%
Inc——-.—18
RR——
York "Central
New
20,698
-
10%
30 %
——-—
Robbins,
&
McKesson
Montgomery Ward & Co,
30-
10%-Jan
30
.
a25% a25%
■—
7
Libby. McNeill St Libby.*
Loew'8.
a
9%
•
--
Tel Corp—-—-* >
•
&
Par
Shares
,
3vr;;r' 712
a61% a a617/g a62%
19%
20%
1?%
*
Copper Corp.:
Kennecott
4%.
a29%;,v a31
—
—
International Nickel Co
,•
rrvfet
>'
_
a55
Motors Corp
R.v Co pfd
Iron
,:
23%
23
a38
—
Northern
Interlake
M'
.
Corp
Graham-Paige
Great
Jan
w •«'. v
:v-
vi)'.f:-,""-
United
Corp common
preferred
United Gas Improvement—
/
32%
31%
—.
■—
F)
47
>v..
Jan
>2% Jan
125
-.
4'/e r:
1
-Continental Oil Co (Del).,,———
5
a38
Crown Zellerbach Corp————5
curtiss-Wright Corp
*2
**0 /a
Class A
-1
Electric Bond & Share Co—
——5 •
General Electric Co
*
50%
(B
Jan,
;
$3
275
13%
Continental Motors Corp
Goodrich
223a
Sales
for Week
Range
of Prices
a34% a34%
Company
25
Commonwealth & Southern Corp
*
Cons Vultee Aircraft Corp——.—;
General Foods
,47
6i
13%
a22 V2 a23%
;
Edison
Commonwealth
Jan
'v
Week's
:
Sale Price
-
Caterpillar
Commercial
19%
Friday
•77: Last
STOCKS—
260
22%
-
>: 7 7
-
High
■•
25
Co——25
Railway Co—:
Pacific
%$$$
1
7,%7i^: 7':v>
Range Since January 1
Lou)
par
Canadian
FEBRUARY
Sales
■
55c
Jan
95c
Jan
y<jlume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4461
*
CANADIAN
'
;
Friday ;
•'/: Last
Sale Price
V
•
Week's
,
MARKETS
1
7
;:•
for Week
of Prices
X/'-XXX'.VX
Shares
.
'
Low
LISTED
WEEK ENDING FEBRUARY
' Sales
Range:,v
.
8TOCKS-
RANGE FOR
Range Since January 1
Hiah
tow
:x?r
Sales
Week'g
Friday
■
Last
Ran ye
for Week
Sale Price
■
of Prices
Shares
!;Z''x!•/'.
STOCKS—*
High
/f Low
Per
Januajy 1
Range Since
High
High
Low
'
Arntfield
Mining
20c ~T 31,500
Astoria Quebec Mines.i
52c
87c
1,095,975
52c " Jan
Mines
33c
:V '-"61,500
32c
45c
Wf 34,600
——..—
Yellowknife
Atlas
Aumaque Gold
Gcid
Aunor
Mines
61c
....
Jan
Denison Nickel Mines—,
7U.
87c
Feb
Dickenson
Red
39c
Jan
Distillers
Seagrams
55c
Jan
/Diversified
65c
Jan
Montreal..
of
Bros
Bathurst Power class A—
Class B
•
55C
142,138
46c
26,266
17c
; /2nd
35
y :
45
7: './
22c
25c
5'A
1.41
Jan 77
1.45
1.55
18,320
1.41
Jan
X
;1X.
40%
41 »/2
35
35
355
■
37
Berens River Mines
Gold
36
39
191
14%
1.31
-a.—.1
15
Ve'
1.40
1.30
13%
/' " 85c
82C
90c
38c
56
Mines
—I
44o
•
Bonville Gold Mines-——*_*—*——1
*:
i
r:\
'
Aralorne'Mine*.
\"
J
'
23
30
1.42
1.45
Aniphi
———X.—52c
East- Crest Oil——..—
Jan
East Malartic Mines
East
:
Jan
Jan
Jan
Jan
56 "7 Jan
Jan
'
28c
Jan
Jan
3,000
26c
Jan
30c
10,500
35c
Jan
2,810
17% Jan
14 " Jan
Elder
39c.- Jan
18
3.00
18'A.Jan
15%/ 15%"
British
American Oil
British
Columbia
100
j
1
3:85
59%
yXX 58 >
2
T7%
Equitable
Life
4
50
>
-
1.28
1.25
1.34
' 1.14,
1.05
29
12
•
Jan
50
Jan
__
1.15
29
•
6.2§ :;~
Jan
Falconbridge Nickel
Famous
*
49
48
50;
•
13%
Jan
14'A
Jan
60
•
*%■: 4,625
26%
27%
'
3,470
26%
Jan
28%
59
9
53%
27
Fanny Farmer Candy Shops.,———1
Federal Grain common
—**
8
9%
common—•
42'A
42
42%
290
Jan
42'A
Feb
115.
109
115
British Columbia Power class A—*
30
29
30
478
38 7
28
Jan
30
Jan'
19V2C
18c
21C
2,125
4'/2
5%
6 Va - ;
Jan v"',
Jan
5
Jan
Jan
55c
72c
Kirkland
Jan
69c
72c
30,725
1.38
1.45
29,800
10
38,237
36C
39c
21,500
35c
Jan
45c
45c
45c
48c
35,300
40c
Jan
50c
Jan
r29-
27%-:
29
1,130
29
Jan
j—1
1.40
Buffalo Ankerlte Gold MineS—
Burtalo Canadian Gold Mines
———•
Buffalo Red Lake Mines—!
i
10
Building Products—,
// Bunker Hill
Burlington
Burns &
Class
Co
•
6c
6c
—-*
B
—
6.10
23%
"28,000
Ford Co
of
Canada
2%c
• ;
13%
Jan
Frobisher
Exploration
461
15
Jan
<
7c
29
Gatineau
A——*
'
2.70
Class ■ A
..
31 Va
32
General
Power
Steel
Preferred
Giant
50c
3,00
8%
,
;
75.
f
Canada Cement common——i
,105
T5V«X &
■=
Preferred
_»-:*100
Canada Car & Motor
preferred-—r100
Canada Foundry class -A„—.—*
*
*
5:45
5.10
Jan
5,425
7 2.40
Jan
440
7/ 6'A
Jan
.-/
Wares
i
~
Goldhawk
1
15%-
i
Jan
.75
Feb
Golden
Feb
Golden Manitou Mines..
131
Jan
iV
15%
145
27
61
37%
Jan
Mortgage—7.^100
•:
22% /
50% :r
\
Comme-ce
Canadian Canners
preferred
Conv
/
-10
&
Canadian
Class
Fdry
'
62
Jan
13
Jan
Great
"36
/ Jan
17'A
39%
178
43.
20
Jan
185
Jan
Jan.
/Jan'
/' Common
Feb
f
-
Jan
23
Jan
Great West
47%
Jan
51
Feb
Greening
———
•
—
Jan
Gunnar
28
Jan
Gypsum, Lime & Alabastine..—...
Gold
Alcohol
18% Jan
Mines
18,348
22%
Jan
22%
27%
Jan
HalUwell
875
22'A
Jan
24
Jan
Hallnor
26
22%
26%
26-%
7 605
23%
820
2.230
19%
19%
35
66
T *■ 490
Gold
19Q
500
28
3,960
•44
48%
19%
27
44
49
13
13'/a
i
v
6 V*'
,
&
53c
Jan
,
14%
14%
3,315
12
745
J.9%
Gold
Rock
Harker
Jan
3,695
17%
Jan
Gold
39
13 y*
—1
;
1.19
1.10
Jan
.—*
39
36
1.21
1.22.
24
5,650
.105
25c
Feb
49
Jan
Jan
13%
Jan
585
-
;x7x; Jan
5%1 Jan
Jan-
59c
16% Jan
Hedley
18'A
39
Heva
Jan
25
23'A
24%
26'A :
*
29c
2.45
2.60
—■«..!
•
30c
2.55
27c
-
.
1
—
Jan
Boxes
25
25
*
27
25
25%
225
28
1.85
1.75
1.94
i
2.99
2.77
3.00
Jan
26C
.1
34'Ac
33c
3.25
51c
54c
82,450
51c
Jan
14c
8,000
10c
Jan
22 Va
Jan
Jan
47,560
10,950
15
25,300»
32,300
25C
Jan
8C
Jan
61c ! Jan ry
———
-40C
36 %c
•.
■
12'A
—1
__
Jan
44 V2c
42c
13.700
36%c
Jan
50c
Jan
i.
&
Oil
67c
630
68c
54c
44
50c
54c X
68,450
670
13 3;.
7%
43c
13,800 7
1.00
2.14
102,752
; 1.60
20
20
.
Jan
Imperial Bank
Feb
280
1.30
Jan
1.90
Jan
25
18%
Jan
25c
Jan
22
35c
;
Jan
Jan"
18
1,965
17
Jan
.18'A
89c
38,800
*lQc
Jan
1.05
Jan ;
18,800
80c
Jan
1.23
Jan/;
900
45c
Jan
85c
92c
51c
51C
2.62
2.40
2.62
2.15
2.15
2.25
85C
>
65,000
35,170
5.00:
'
4.40 Jan :
Mines—
—
-
_
Bakeries
Consolidated
Mining
X
Jan
Consumers.Gas
(Toronto)*
Conwest Exploration
-100 7
;V':
51c
Jan
2,700
2.40
Jan
2.65
Mining..
-'
1.45
2.00
Jan
2.25
■■-■T.-.XXXXp/X
62c
1.55
—ly
—
90c
1.95:
—
»
Davies .Petroleum
Davis Leather class A
r;
page
•
60C
-//1.55
689.
*
16%
Jan
K
Jan 7
78
2,259
413
160
■:
156%
1.20
114,830
19
28'A
X 55c
18,150
65c
17,950
•'
65
48
92c
1.85
19c
/'■•■•.
17 %c
30%
:
30'A
'-'7: /
15
31
95
Jan
99% Feb
27
:' ;■
1,050
Jan
1.50
•
•
/'70c
Jan
Jan
86c
Jan
1.65
31
."/-■ 1.02
Jan
Jan
2
2 00
Jan
•
12,900
-
V
'7715 /••■ v-5,'
X 15c
Jan
>7
16
32
1,165
pnivo
9,564
40V4 Jan
.*
24%
24'A
25%
Mining—i—l-l
1.70
1.66
1.90
1.97
1.97
1.97
Mines—38c
1
?2c
Jacola Mines-,--—-..4....
1
7c
35C
40c
27,500
32c
35C
21,200
7c
9c
X 15,399
40C
45c
i6c;
class
A
Petroleum
■
80c
Uranium
1
Mountain
——-50c
Mines
Gold
—
Mines
1
——
—1
——l
—
®
of Canada..
Co
Kerr-Addison
1
.——
Gold Mines
20 %C
Jan
Kirkland
Jan!.!
31:
Jan
Kirkiand
Jan
15
Jan
Kirkland
Townsite
.
* A"
—
--1
■
30c
i,
1
Lake
14
//
,
16,a .
JxZ '■
2.00
2-'8
38c
;
:
1.90 Jan
1.97 Feb
Jan
Jan
41c
30c
Jan
37c
5 VsO
Jan
9c
Jan
49.600
40c
Jail
47c
Jan
23.699
X12&X
Jan
19c
Jan
320
6e
17,993
-
94,140
25
22,000
1.01
Jan
Jan
14%
Jan
28c
f
9,840
75c
•700
2.20
750
9c
Jan
1.28
Jan
Jan
Jan
Jan
2.44
2.85
105,825
35c
38c
22,000
Feb
37c
Jan
30
15
Jan
17%
75c
1
70
2.00
33 c-
.Feb
Jon
Jan
Jan
Jan
15
•27
27
;
Jan
Jan
Jan
2.00
75c
27%
Jan
1.40
17%
16%
Jan
45% Jan
1.90
32 c
27
V
Jan
32V2
,
100
-
14%
28c
1.65
Jan
22
Jan
12% Feb
'
220,950
.
8C
,1.25
14 %;
'4'—
v
■
.
—
Hudson
29%
—y
6C
1.12
8c
1.18;
~
-
(Ottawa),——*r
Kayrand Mining
Kelvinator
14c
—u——15c*
Mines
M Consolidated Gold Mines
Quebec
44c
10,867
-
;;
Jan
15V<{ Jan
;
Jan
60c
45%
153
:
17% Jan
Feb
31'A
100
*
-•
43%
-Journal Publishing
v
32,200
*
31.%
45%
Metals
Jan
•
65c
.15
*
Joliet
v
50
*
J
Jan
15
,
Jan
Jellicoe
Jan
Jan
15
28% Feb
Jan
13%
Jan
Jan
48
Jan
15 Va
3,110
9'A
Jan
—1.67
'
28
II.057
16
1.20
Jan
:
■!
2,470
17 Va
2,825
Jason
:
28'A
4 29,000
Jacknite
Jan
160
V;H
Jan/7 •/X: 1.72
Jan
Jan
43'A
.
12,700
1.95
20c
42
1.55
Jack Waite
Jan
90%
-•
'
175
..."
71,60#
90c
Jan
99%
12%
—6
Devel
i Kerr Lake
;'i
• '
-i
—
/•
900.
X
1.72
30%
48
Crowshore Patricia Gold
see
159
1.30
7
-Jan
48
1.38
Island
K)*
Jan
*
Crow's Nest Pass Coalx—
footnoj.es
/
30
.
*
*
X'48
Jan
11%
International
Jan
15,031
i
18'A
90
Jan
62c
1
—i:
—
&
International Nickel Co common.
.
160
*
—
Imperial Mills.-*
Pershing Mines
18'A
87%
89%
Jan
Jan
40JA
1.46
Tntprnation
:
f
Smelting— —5
30c
P'Oc
37
12%
International
•1
•
in*
:.
&
• '•
Jan.
35
v
1
Lake
Red
(John)—
Inglis
Insuiration Min
'
Mines
Consolidated
Jan
1
44% Feb
48
-40,000
-
15 Va
•
5,00 Jan
•
'
•
135
27C
16%
"
i
54c
Jan
60c
Indian
81c
X 34c 7;
^
Imperial Varnish.
.
17%
..
Jan
99%
28V4
16%
15%
15
——10
...
18
ft
Jan
74c
48
99% ;
Imperial Oil
..a......— —*
Imperial Tobacco of Canada ordinary.5
85c
Commonwealth Pete
Jan
10c
48C
23c;
45c
48c
—100
...
Jan
4.40
Mines-^.——
Erie
44c
37%
•
2,334
44%
42%
... -
,
4.40 Jan
35c
/
t
'
'
*; :v:'
...
Jan
2.14
r 27c
•
&
•/
——'
1.90
,
31 c
_
...
16
Jan
1.70 Jan
5.00
■■"•'■
1
Huron
1
Co
•
Class B
—1
Mines
1
Gold
Jan
Jan
18%
Jan
3.75
40,000
1
Mines
Gold
25 %
;
1.70
»:/.
■■■
YelloiVknife
10c
Hunts Ltd class A—
Jan
1.50
2.05
.
_
i—
9c
Hugh Malartic Mines
Jan
30c
84C
92c
__
Gold
35c
Mtnes..——.—
Hudson Bay Mining & Smelting
'
willans
4.05
30c
?
Jan'
14%c Jan
18%
3.75
1.32c
Gas.*..—»~~~1 ■ 9%C
Jan
63c ;
\/
16%
A Howey
Jan
27,935
•
Jan
;Jan
:
3.60
Jan X1
^.65
2.80
18%
Jan
39C.
69
Jan ■
53c
Yellowkhife
Hosco
Jan
T
57,750 f
-
Jan..
"30c
Jan
43c
3.10
—'3-85
Oil—
Homestead
1.99
*
-
25c
24,900
-
790
Jan
3.00
36.800
55c
24'/a
Jan
§28
30d
43c
Jan
Jan
2.70
mnW
24
25
Jan
2.32
24
28
Jan
31c
35c
•
12c
24%
Jan
20,800 X
27,221*--
Jan
1.24
;
20c h Jan1
29c > Jan
*
Home
1.75
Jan
1.02
52,600 f
,
H Vi Jail
Jan X
Va
12
19% Jan
:
"
Oil—.—
Scarcee
&
A Homer
2.75
17,769
A—
f
9,325
:
Mines
Jan
Jan.
19
64,675X
••
Jan
11%
1
—
Dauch—...
Jan
Jan
Jan
Jan
";9%
5.80
1
Mascot
Highwood
Jan
Jan
Jan
10c
Jan
11c
Jan
26
55
18c
Jan
Hollinger Consolidated Gold Mines—.5
Feb
1.28
Jan
7c
4.70
600
'
1 ?•'
152c
Cadillac
Jan
21'A Jan
13,787
28
25
—7———'
Gold
Knitting..
Plow
13'A
105
14c
42,000
32c
Jan
50c
14% Jan
v
114,200
-
280
'
Wines__«,;T_
Lake
1.10
22,390
18
105
•
1.28
17%
17%
/
Citralam Malartic Mines
For
27
Jan
4,193
1.24
,27c
Feb
48%
Jan
Jan
21,950
5.80
—1
Mines
Mines—
Headway Red Lake Gold
VHeath Gold Mines
Jan
920
Research
B
Feb
11%
8V2C
•
13
Carpet....^....——.....*
Harding
Hard
Jan
Jan
21
Rubber
_
Class
Jan
15
I,280
Hasaga Mines
510
Chesterville Larder Lake Gold Mines—1
Chromium
Mines
Aircraft
Jan
20c
28
Jan-
43
13%
Harricana Gold Mines...
20 %
■
Cub
26c
Jan
42
'
-
17c
7c
5.60
Jan
:•
19%
Jan
21
'/""
14 %C
15c.
Jan
55%
Jan
15c
15%
605
Bridge ........—; 11%
Hamilton Cotton ......
....-4.-.*^;/'
Jan
14 'A
-•
Centremaque Gold Mines
cromor
Jan
8,646 V
-
16%
SV'ac
Jan
9c
115
Jail
54
Jan
35c
7,756
-
$70
15%
'2.65 Jan
.
Jan
7c
:
"15c
2,367
/://.-r- 225
40'A
29
16%
—
Wirebound
Patricia
Cournor
-
11%
24'A
43
28
21%
Central Porcupine Mines—,
Cosmos
-
6'A;..6%
57c
;;
"
Trethewey
Coniagas
;
24c
19c
9%
19%
40
42
29
20
Wallpaper class A—
n.>niaurum
17,200
19c
1
1
Ltd
280
42
16%
Canadian
Colomac
>
5.80
35
20%
Tire
Cotn
240
Jan
4Q%ft Jan
Jan
106
200
Jan
1.18 Jan
79c
28c ■/ Jan
9,200 /
55%
20y»
.
Hamilton
Jan
16'A
1.
Canadian
Cocksnutt
55
.
2.00
13,506
-
-
^4
.*
Mines
Mines
20% Jan
59%
A—•
com
Jan
Jan
23'A
4,795
60%
;■
Canadian
Cochenour
111
-
-
k
11,450
8%c
109
Mines.^.l^..^.««<—.
Halcrow Swayze
6,485
27%
—*
Malartic
Bar
32c
7'Ac
16 Va
1
Ltd—..—
88
Jan
22%
34%
7—100
Pacific' Ry—
——25
Circle
58,500
27%
48
:
Saddlery com.......—•,%
Jan
23%
65
Preferred
Chemical
Jan
X
■
7
Jan
25c
Jan
1432c
75c
Jan
53C
r
Jan
37'Ac Jan
■i Jan
r'X 90C
Jan
880
Jan
;Xfi'9C
36c
28 %c
55
20c
Wire mew common—„
26
23
19%
Canadian Oils ——;———*
Chateau Gai
common;
84
615
28
vtc
.-Preferred.'
17%
1,458
;/-/:'-/.5/
21%
--23/-
Industrial
Canadian
Jan
26l/2
"
——•—* '•
i—jU—*
Paper
Vtc' preferred
Hinde
Castle
Jan
6lC'
X 48
Lakes
24%
22%
common—— •
"B"
Central
29c
48,000
,-'•
2.45 rX
2.45
-,.
—
2,137
51
85
85
26
common——
Canadian Locomotive
Canadian
57c
;>;/18,400
21c
32c
■
12c
64c XU 55,700
29c
Jan
Preferred
Jan
22
•
———
Celancse
A
-
1.17
53c
—1 common—*.f 110%
Rubber
&
Jan
30
27
$1.75 preferred
,—-*—-100
Canadian Dredge ——7---.*;
Canadian Food Products common,——*
:,-/;: Class
17c
1.08
19c
4,437
45,300 /
/-
68c
63c
8.50
22c V Feb
Jan
18c
80.900
78c
Jan
Jan
Jan
7.55
,
Jan
61,900
180
69c
33c 37'Ac
2.26
—I
————,
Tire
11%
385
7>"
23'"
U
26% :
23%
—20
——
New preferred
Canadian
Mines ■
Goodyear
56
785
185
!
19%
26%
——•
oommon-
preferred
Car
M5C
16c
•
«•
Jan
107 Va
f
Bank
Canadian
20
49 %
85
*
"anadian Breweries common—,*
1st
39%
182
185
Canada Wire class A——*/
Canadian
•-14,041
X,.75,400
74c
l:#'
340
Jan
"
common—-♦
——
(
12%
19
Steamship
'
8.50
Jan
20%
Feb
-
.
Jan
...
Jan
19'A
-
106
-' 220
Mining——-1 !■-"' 34o
—
570
106 /:XX;
106
-f 61c
5o .y'
Graham Bousquet —.————1 v
Grandoro Gold Mines..—.
—*
24 VB
;.' /15
62
12 'A
20
"Canada
B
,,,
20c
1.087
1
•325
.27
27
Permanent
Class
xxxx; 35
8.15
•
3:'Goodfish^Minihg:%*2i^«***—■
Jan
111:
Gate
Goldora
Jan
Jan'
Jan
110
110
X
■
20c
-
—
106%
20
Jan
109
Jan
...
Feb
82
16%
Jan
Jan
•
Canada
j'-'*
—-
Feb
14%
2,744
•
...
Jan
108
460
19%. 19%
/ilX: 8.45
.
Mines Ltd
Jan
■
140 X 143
y
Jail
5.45
32
•
105
19 %
1
•
-1
—.———X 7
75
106%
Jan
Jan
75c
Jan;
4.85
3,420
-
.
Jan/
9%>
32%
Jan
68c
X. 14
————
3.10 Jan;
:/
-
Jan
30' '2
30 ■v; Jan
5.45
Jan
109
-———1 7/X 33c
Goldcrest
—1 •
67c
Gold- Eagle-;Mines——1- 'A *-M7c 7
51c / Jan;
.
:
Jan
Jan
3c
16%
y
106
Golden Arrow Mines
102'A
'7/:X/15;'
7s
111 .X 111
50''
Jan
6%
108
••
100
Yellowknife Gold Mines
Goldale Mine
Jan
"'
X; Prelwred'
5%
3,086
Jan
24c
Jan/;
Jan
2c
31,850
Jah
119
Jan
15%
16 'A
-
*
common
105
20
105 106%
14%
61%.
12%
39%
——
2.95
-
Jan
.
9%
109 109%
•
common—
—
God's Lake
Jan
~
143
Canada Malting———————-*
Canada Northern Power——•
Canada Packers class A———-*'■
Class B-
-
2.15
45o
106% 106%
/
XX '90
r/A: 17c
-
Jan
60
50-
73c
-
Glenora Gold
Jan
8
;/
8
Preferred
•
Jah
50
1,585
•
•
32
68C
preferred—*—**—-100
5V*%' preferred
———**100
Jan
Jan
17
2.80
2.90
——
*
Class B
7.;
28
115
47,470
11,470
7
45c
45c
Campbell Red Lake—;
Canada Bread common
..
160
18
29
18
Calmont Oils
■
m 5,870
•
/,
•
230-
"■
v
32
31 Va
/ 68c
—*
-
5%
22% Jan
13% Jan
2.95
28%
2.90
—
Calgary & Edmonton
6.25
-Jan
48% Jan
5% Jan
42
-
Jan
AsoX-Xy
X Jan
13
325
24%
X
class
———_—-
Gillies Lake-Porcupine Gold:
Caldwell Linen Mills 1st pfd_—i2nd preferred
6,570
-
•12,328
2%C
——*
Co
Gold
Jan
4c
385
14%
23
14%
—»_**'
7C'
.
14%
clasfe. - A*—*
'
6%;":
Francoeur
'
Steel—
:
8'
38c
•
1
common—
Jan
L20
*
—*^
—
Mining...
5.90
,
Jan
66c
Foundation
Mines—
'"
-
Fleury-Bissell
89,440
?
—100
—
Fleet Aircraft
Jan
Jan
Federal
■
45c 48'Ac
——_
Preferred
...
6.25
■—.<
Players
Jan
:
5.70 Jan
310
170
Jan
:'/ 36
Jan
Jan
r
7
Jan
1.45
Jan
-
10
14'A
.
Jan
4.38
Jan
vX 1.00 Jan
•
14%
Jah
Jan
45
-
•381,675
Jan
Jan
59%
15 Va
33
—25
Jan
Jan
4.40
76,700/
1.27
12
-
Jan
3.35
15
45
—1
—.2
13c
v.-
Jan
Jan
3.50
*45
27%
Gold
Jan
57c
■-
30%
Buffadison
Jan
;
•
Jan
r
20
Jan
40c
t
2,070
27%; Jan
"4%-;/
Jan.
46c
/
Jan
38c
10c
15
26%
4%
Jan
1.59
Jan
Jan
2.70
15 Va
—1
.
Gold Mines-——,
•
-
15 %
'
4%':-
Feb
1.85
Jan
\"r-
39,750
13;786
■'
Jan
17%
Jan
35C
S'X' 4,766
/--';
Briysh Dominion Oil—,46c
Broulan Porcupine
Mines, Ltd—.—1
71c
Jan
1.35
22,900
29%
•/-ClasS'-B. ———————*.
Feb
Jan
111
1.40
•
*
14
14%.
*•,
*
Gold
Eldona
4.25
53
4.15
:
X
27%
Packers
30
13
30,200
-
3.20
28%
•;:
23 Va
109%
-
20,900
27%
30
15%
Jan
Jan
55,500
lie
2.93
•English Electric class A-———0
.
Jan
21
X 13,634
55c
10%c-
Easy Washing Machine—*—
* —
'Economic' Investors —————2&
Jkn ;,r
27c
49c
10%C
.
New common
Jan
50c
•
1
,
:
Sullivan Mines
Eastern Steel—-—..
XX
Jan
17%
;18
Jan
13 Va
57,400
f
:
Jan
45
410
35c 38 VaQ
Jan
Jan
5 Va
47
Jan
39c
Brentford Cordage common-—
Preferred A.—*;
25
Brazilian Traction Light & Pwr com..*
28%
Brewers. &>• Distillers—.V
■: —:
106
■
Jan
4%
1.235
1.47
15%' Jan
Jan
104
Jan
39
•
Jan
1,230
*
1.55
1.40
—————————1 ?
1.45
Mining Co—i——
—1 X 1.45
Duvay Gold Mines.—*
.—.A—-—I.v: 36c
22 x/z
Jan
1,695
17 %
17
,
Jan
24
14,698
110'
109%
Donalda Mines
'
'
Ltd——*
--■
Duqpesne
38c
.
V
Jan
26c
Boycqn Pershing Gold Mines——*
15%
23%
110
10 »A
Jan
35
45%
14
22'/a
Jan
Jan
40c
45
Jan
850
15%
30
v>,' 7 V a
>30
23%
.
Jan
Jan
50
•
106
5%'
191
45c
2lc
■
23%
,5%
X 39
Jan
12
;
23%
105%
—100
:
Jan
15Va
X-14 •'
3lV*
210
37: '■X 3,230
10%- tf*' 1,785
a
9%
5%
common
92c
33,314
46c"
43c
—i_X
Jan
32,000
"
341
105%
common—*
Jan
Jan
10 Va
-100
25
Chemical
&
Jan
15 Va
10 Va
13%
■
*
Dominion Woollens
14.
90
581/2
23c 24%c
37
50
B
27
24% Jan
•
14
.Jan
Jan
415
440
10'A
14;
Jan
•
;
Tar
Preferred
760
Preferred/———50:.
Minea Ltd——I. 23%C
Gold
Dominion
175
Boojo
.
V'C
i__
35
Jan
^Oc
'
1
—
class
36%c Feb
89,850
10 Va
V
10%
Stores
East
39,690
36%c
Wi-1)455
Jan
Jan
94c
31
Jan
28%
Jan
113
Jan
77c '-/Jan
26,700 ;
Jan
1.90
Jan
97%
745
9c
■
'
*
Preferred
Dominion
Jan
•
*
com
1.55
45,800
V
'
t
,
.
Inv
Jan
<?%:•-
Jan
2.99
Jan
6c
15
.100
Scottish
1.92
26
15
0
Preferred
Dominion Steel
Jan
/, 41 '/a- Jan
jJan:|X
1.25
26
15
:
.25
com
Magnesium
Dominion
Jan
1.60
Jaiv,
jl8l;X
1,265
12,000
—1
36'/2c
Biltmore Hats,—.X--~f/' *• 16%
Blue Ribbon common.^.—*
14
Bonetal
c"
Jan
7%
Jan
35
1,031
; Bidgood Kirkland Gold
;
Jan
1.64 Jan
7
Jan..,
,31
29,900
188
1
———*
39 7
540
Jan
10
—
Dominion Malting common
Jan
22
5
86,150
/'•"••. 190
14%
—1UU
1
—
X
5%
1.63
——r-r-—*-
Mines
Jan
5%
*
Fabrics common——:—*
Dominion
Jan
69
1.53
*;/;t-/ 41
*
20
185
21
20
—
*26
X'//'7..«i.
'Dominion Foundries & Steel
;Jan
.
Bank
Dominion
27c
1.49
1
of, Canada—
Quebec
Jan
30%
*
_
Jan
35
Jan
Jan
30
-
j.
Jan
25
45
89c
88c
55c
34%
20C
17,150
I 113
85c
"
1.75
108
N
1
Dominion Coal preferred
Dominion Dairies common—.—
Jan::/;
X 33
22,800
7
1.58
1.75
i
*
Dominion
Jan
1.56
i
preferred,
Bevcourt
105
56
24c
9c
———
Ltd—
24,600
15,850
2.99
7-Vic
"
1
.
common
24c
>;
2.50
8c
Jan
21%
75
Mines—
Mining
Mines
2.85
—1
Feb
34
1,315
34
50
*
Bros class A—
Belleteire
25
34 Va
Lake
'
1
...
1.44
Jan
24
Dome
.
6.73
X
Jan
23c
.
■
Beattie Gold Mines Ltd.——
Bejl Teiephdue
4.50
34
Rad»unj.-^-X.«.i
Class 'B A--—-t--'—
"1.23
47,635
20c
——————————
Exploration &
Beatty
Jan
Jan
X 111,250
49c
—*/%;A
——T
X
Jan
24%
common————*
base Metals
Bear
60c
103,350
23c
X—^-~»10
of Toronto———^———10
Barker
Jan
.52c
Bank of Nova Scotia—*.A-10
Bank
v
Delnite Mines
26c
Jan
1.35
Mines—-—1;
bank
12o
6.05
Mines.
Mines
Ragamae .Mines*
Bankfleld Consolidated
,
Jan
7
40c ,/ Jan
Atnona
Aubelle Mines Ltd
62c
:44c-.,/'Jan.7.-V-
12c
Jan
XlSc/XFeb2.30
Jan
2.85
Jan
55c
Jan
•
FINANCIAL CHRONICLE
THE COMMERCIAL &
LISTED MARKETS
CANADIAN
BANGE
Week's
vy Friday
v
Last
.
.
Low
Fat
Labatt
(John)
Labrador
Lake
Shore
9.50
1.15
1.40
Mines.——-——-—
Luz
-.
4,411
380
15c
Jan
41c
Jan
70c
Jan
19%
Jan
24
Jan
San Antonio Gold Mines Ltd—
—.1
5%c
7%c
Jan
Sand River Gold—;
6c
7c
12,000
''1.53
1
1.45
1.55
13,875
1
29C
28c
37c
1.36
1.25
1.36
71,400
3.25
3.10
3.45
30
29
30
—•
.I
—•
28%
27%
1.40
1.65
36c
4.75
Bhawinigan
Jan
Sheep
28%
Feb
Bherrltt-Gordon
v
1.39
3.45
Jan
Jan
,34c
,
Jan
Jan
41c
,
Lake Gold
3.40
Fields
.
k-
3.75
5.35
95C
3.60
Jan
3.75
Siscoe Gold Mines
common—.
50
Jan
Bladen
12
12
12
Jan
Slater
>»16
16
Jan
south
End
Jan
Jan
18 %
35%
7
Jan
Co.—.
.20
,20
18%
20
20
Jan
Jan
.20;.
Feb
104 V2
Jan
Jan
Starratt
10c
Jan
13c
Jan
Stedman
76%
Jan
Steel
of
8C
Red Lake Mines.—..
McWatters
-
Red
Gold
Lake
7%C
8 %C
14,700
45C
50c
76,485
29c
30c
•
Gold
1.60
1.55 Jan
23,100
■-
Mines
30c
Mercury Mills
19
Oil
Model Oils -
15c
11c
12c
25c
25c
25c
:
—
Modern Container, common......
7 Monarch
-
39
Knit preferred—......
y
140
Montreal
Moore
Light Heat
Corp
«fe Power-
24%
24%
75
74
35C
common.—
38
50
138
95
45-
National 8t.eel Car
A
Negus-Mines
,
.,
New
— -
.
:
2.33
.
Sullivan Cons
Surf
Jan
Jah
New
Nib
Calumet Mines.
j
Tamblyn
iG>
Feb
Texas
45c
Feb
Theatre Properties
Nipissing Mines
Norgold
24
Canadian
2.60
■'
4.50
60c
22c
Jan
—
Jan
27c
3.70
8,520
Jan
4,232
63
■■■
r.7-l,7.
Gold,,
16,100
85c
Jan
30c
27c
Jan
;i4C
11c
Jan
1.55
1,100
12,700
173,240
25c
Omnitrans
35c
Jan
Jan
Jan
Jan
22c
;
Jan
_■
—
"
'
""
■
,
—
Jan
29e
56,150
15%C
17e
.50,700
15 %c
1.13
Jan
1.38"
22,700
46c
52c
83,500
8%C
6
6
1.25
,
;
'
—
"
1,075
300
46c
5% Jan
,
1.38
Jan
7%c Jan
"V7 Preferred
Orenada
Pacific
Page
Mines
15c
Z.
Petroleum
(new)
-
"
Parbec
Malartic
Partanen Malartic 7—7-177
Paymaster Cons Mines Ltd
Penmans preferred
J"
Pen-Ray Gold Mines
Peoples Credit Securities.
Perron
Gold
Gold
Pioneer Gold
1.40
1.90
23
23%
5.00
5.30
1.30
1.30
1.40
•
52c
.
Premier Gold
Gold
42
40
Trust.
East
ST '
143
150
150
100
11%
12%
71,120
11%
110
35c
2
6,800
104%
^0O7'"777^7- 7*110-
—
27c
—*1
27c
30
30
1.41
1.80
19%
20
—
1.64
-
-,„,77—,
*
.
—
25
.
Jan
16
65
Jan
30
1.30 Jan
139,500
'
40c
1,639
6,100
11 " Jan
36c Jan
30%
10
7'
30% Jan
24
Jan
11%
11
37c
—
30%
26
27
46
28
46% 7
8%
43
8
7
13c
,
•
—
^1
2.85
2.68
965
2.85
Ventures, Ltd. -j-J———
Vermilata Oils
—'
15%
1
12%c
12%c
—I
B7C
67c
.
12c Jjfa
8% Jan
l4%cJai)
10% Jan
2.55 Jan
12,103
21,250
3.98 Jan
Mines
——
...1
125
22%
22%
22%
611
-^-X
.in ■>..iV.■■ r ,j.
1.60
1.50
39,600
41c
40c
1.65
48c
137,300
—27
1
'
;
27
28
275
Ymir Yankee
York
29%'
29
28%
105
104%
105
25
23c
•
common———
.100
16%
16%
99,
98
27c
17
99%
,__1
39c
37c
42c
70,600
8,188
725
41,300
117
117
,26
20
5.20
5.60
15,055
163,150
,100
—k":
—
Mines
pfd—
.100
—
...5
—•——
26 "
—
..
■
Yellorex Mines...
710
,25c
common——:—.—-
' '
.
65c
30
4.10
7114%
22
1.40
37c
25
27%
104%
23c
15%
13,978
123
Wright Hargreaves Mines—
-
35,
4.95
4.75
124
preferred
Combing
12 %c Jan
4.95
-
Alexander
13% Jan
48.200
15,600
800
•
———————-.
Electric
35
—
7,714
14c.
75c
15%
—•
com—
———
Gold
■
—•
Gold Mines—,.
Malartic
: 14
...1
54c
40c
65c
«.•
30c
30c
33c
...»
Girl——
7
Jan
29% Jan
Jan
Jan
Jan
Jan
105%
28C
17%
99%
42c
120
26
5.60
94% Jan
Jan
Jan
Jan
5.05 Jan
Jan 7*
Jan '
Jan
,
Feb \
Jan
•
Jan
J
Jan
Jan
16
15
16
27,500
1,430
-
Jan
Jan
Jan
65c
39o
16
Jan
Jan
Jan
32c
730c
15
Toronto Stock Exchange-Curb Section
Canadian
'Last
Par
Asbestos Corp
Mines—
Purity Flour Mills
National
.Andian
.
Beath
-common
class
Brown Co
Gold
Manitou
Mining
Mines
class
'
see
Copper.
Paper
Jan
Consolidated
Jan
Consolidated
689.
'
57
25
25
60c
y 60c
it 70c
*
37%
34
48%
42
Jan
Dalhousie
22c
18c
Jan
deHavilland Aircraft
31c
29c
Jan
Dominion
51c
57C
51c
Jan
Press
.
15
8,226
18%
—•
A_—
65
19,955 y
•
♦
y'
14^
14-
21
2,515
'
-
10
3.45 Feb
'
'
40c
7
Jan
60
Jan
16
400
18%
Jan
,
;
4.00 Jan
18% Feb
2.10 Jan.
——-
23% Jan
21% Jan
60
-
Jan
7% Jan
90
Jan
29
Jan
16% Jan
5
Jan
3.00
58
'
'
Jan
Jan
Jan
23
35
21,
65
20% Jan
1,500
22,300
3.00
—
30c
page
4%
3.45
2.50
16%
——
—5
—
47
I
16%
2.50
Canadian Westinghouse
18c
Rouyn Merger Gold Mines
16
4%
,
26% Jan s
14% Jan
4% Jan V
2.95 Jan ;
3.40
Canadian
Jan
34%
A
L)
200
Lumber——~—tmJ2
Western
Jan
Coast
29
—
.
Jan
20
50
__
60c
69c
,
.
58*/a Jan
6% Jan
84
Jan
,
'
120
21%
4%
32c
76c
21
21%
—1
39c
7%cJan
1,967
220
—
—
1.50
70c
Roche Long Lac
Rochette Gold Mines
footnotes
Marconi
34c
11c 14 %c
(P
Vinegars
1.35
Gold
90
High
Loto
Jan
31% Jan
17% Jan
795
7%
28
—
-r—
Dominion Sugar.—*—-* —•
&
Canada
Regcourt Gold Mines
62
7
20
.—5
Canadian
Reeves-Macdonald
89%
—
——
Canada
Quinte Milk Products
58
■
7%
100
—--——
Silk
Bruck
Bulolo Gold
Queenston Gold Mines
Silk
—1
——^—-
35
21
88V4
62
Pulp & Paper com,
common
Preferred:
Quebec
Quebec
21
——
Range Since January 1
■
21
20
1.440
1,700
23'
34
20%
34%
*
A——
British Columbia
Preferred
Gold
——
„>
———
'
Shares
High
'23
-
„
.h——
,
.Rants }yfar Wwk
Low
1
'
-
of Prices
Sale Price
STOCKS—
Z
Funds
■■■
.
Jan
Jan
25
Jan
85c
Jan ';' -'.
14 4: Jan
Jan
—
!—*'\yiT-44y4
Bridge ———————
Dominion Oilcloth
——
•
;;yy.:
40
45
425
40
5
41% Jan
45
39%
40
Jan
j
Jan 7'
Jan
■.
Jan
Jan y
129
Jan
22% Jan
1.69 Jan
1
60c Jan
!
30
Jan
;
15c
86c
40
5.00
Jan
34c
117
24
10
15% Jan
•
—^.
Knitting common—
1,375
■
Jan
Jan
Jan
Jan
Jan
Jan
—
Mines
;
y 1
,
8%c Jan 4
~
Dome
•
1.80 Jan
,729;,7 Jan •>;
12
Jan:
45c Jan m
7 30y2 Jan 7 ;
29
Jan
46% Feb;
8% Jan - 7
0
2,3907 >40% Jan
6
Jan
2,342
3,400
14c
Upper Canada Mines Ltd—
Wool
Airways
Mica
For
" 586
10%
Mining Co
Preston
Robertson
Jan
3,800 77 7 1.95
335
36
2.00
9%
Jan
6% Jan
26
21%
150
ATI—
-4-—
'
12%
.100
—
.
250
52%
1.95
27c
7 600
42
52%
1.96 Jan,
24
Jan ,
5.30 Jan 77
1.40 Feb 7
4
Jan
7 :;: 79c
Jan ).
Jan :77';; 22% Jan |p
Feb; 7 7 2-33 Jan
<
Jan
42
Jan {f ■
Jan
53 % Jan f
Jan
150
Jan 7 7
Jan
12% Jan 7,
Jan y
110
Jan •
Feb
39c Jan !
Jan
1.25 Jan
4
Jan
53c
Jan
4.90
Mines"
Metals..
Riverside
Jan 7
Jan 3.95 Jan
;
74c
77
Bonds—
MineB
:
3.25
Jan
Jan
1.40 Jan
£1% Jan
530
24;905
1,840
22%
10
25c
82c
Jan
Jan
3.40 Jan
72,5507
79c
21%
2.05
Corporation
Richmac
68c
•
Wood
io%c
Jan
;
480
38,750
,
4
73c
•
Co
Pressed
Reno
21,665
Jan
* Jan
45c Jan
20c
Jan
Mines of B C
River
Quemont
196,083
5.30
Rouyn Gold—.
"
Voting trust certificates!——."
Purdy
36,620
85c
3.95
23%
Powell
Prospectors
2.85
3.25
75c
52%
Steel—L---——-7-.—N—,
United
Porcupine Peninsular
I—
Porcupine Reef Gold Mines
Power
3.05
3.50
98
»
4.45 Jan
Mines—
Porcupine
Pickle-Crow
Powell
36o
100
-ul-
Preferred
III]
Picadilly
Jan
Feb
10
103
Jan
7
5
„50.
—————7—
43c
~
7-?"
85
"
3.00 Jan
3,650
5,700
-—4'.
Mnes—
27c
Gold
Jan
80
15c
5
'United Oils - ^7----^-—7--^—
Jan
Winora
2.45
Paramaque Mines
Jan
103
1
United Fuel claBS "A"—-—-.
..5(17
Class: R——
-25
7——
Winnipeg
1.25
33
Porcupine Mines Ltd
Pandora Cadillac
'
,51
84
80c
30%
4%%
Hersey
y
Jan
40c
'll%
Westons 'Ltd
Pamour
Jan
Jan
8% Jan
1.29 Feb
78% Jan
15c
3.05
.1—
—
Westeel Products
....
7
9%
24
55
:
103-
■
—
Union Mining
^77—
*
United Corp class A———,
:v' Class B——
«J>\
West
—
16% Jan
101
Jan
Jan
18% Jan
6% Jan
85c
Jan
37c
.—
40c
1
Wiltsey-Coghlan Mines
Oils
'
25
Union Gas. Co.—.
Jr*
Wasa Lake
Car
Pacalta
7
Jan
Jan
Jan ii
1.48
1.48
7 712% Jan
100
Jan-
304
22
7-77
\;: Preferred"
common ;.
Gold
Ottawa
400
Jan
1,490
50
784
81.
3.85
Vulcan Oils
common
—
: 50
,
1.85
Wmtc-Amuiet Mines, Lta
Walker-Gooderham & Worts
Exploration
Orange Crush
1.29
.
Jan
4
^
^Jan
Mines
Ontario Steel
1.20
25c
159,960
Twin City Rapid Transit common-
Jan
14c
O'Leary Malartic Mines
Gold
8%
7
.w-*
Transcontinental Resources
.
1.05 Jan
33c
Mines—
Oils.——.
Omega
24
7%
85
Traders Finance class A—^7——.
4
Jan
,1.55
1.03 Jan
Gold
Okalta
22% 7.
4.45
—
O'Brien
5,400
40
3,785
1,185
2,915
33,550
7
.50c
7"'
7-
Mortgage 7...—
Towagraac Exploration
Jan
.
72%
Jan
92c
8c
—.
...,,
North Star pref
101
9%
Vicour
Mines
Northern Empire
16%
9
85
«1
.
Toronto
Jan
4.50 Jan
Jan
70 %
27C
j.
13%
100%
3.70
Oil_____
Toronto- General
Jan
30c
21c
lie
•
...
Jan
575
85
Elevators—
Preferred
.Toronto Iron
4
Jan
95c
8,100
91,022
31,300
1.25
—
Ltd
Mines
Inca
Jan
60c
Jan
30c
Northland Mines
'North
45c
10,800'
85c
Mines
Canada
Toronto
4
245% Jan
1.50"Jan
477,980
"Toburn Gold
Jan
Jan
29%
Jan
*
Jan
1.00
'
Tip Top Tailors—
*
Jan
16c
32
Jan
245
85C
1,25
29,138
4.00
U
Mines'—^—.—
;Teck-Hughes Gold
Jan
29%
Feb
69
Normetal Mining Corp
Northern
18
Jan
60
4.25
Noranda Mines
Norbenite Malartic Mines
Nordon
Oil
;
Norseman
16%
6,275
10
30c
9,600
1.45
*
^
commun—
75%
29%
27c
40c
1.48
1.23
Taku River Gold Mines
Feb
Jan
29%
25c
—
—'
27'%
10c
Jan
19% Jan
Jan
Jan
29
23c-
.
Mines
7c
40c
•
—84-
Mines—
70
19% Feb
75c
85C
—
Yellowknife
Nicholson
Jan
Jan
25
18% Jan
1.28
—•
8
—1
Inlet Consol Gold——
Sylvanite Gold■
Jan
29
50c
1,510
23%
—
25 y»
14%c Jan
2.60
2,500
19%
.-25
Jan
10
45c
75
7%c
—
'
—
common
—
12 %c Jan
100
1,000
2.21
—
27%
19
Jan.
1.40
?
—•
Jan
140
16c
"
26
t
105% Jan
1.40 Jan
1.12 Jan
.
1.02 Jan
45c
9%
—*
Jan
"
Bidlamaque
—
101% Jan.,
26,165
508,200
118
■
————-i-
31c
890'
245 245%
—
1.12
Jan
1.43
Jan
Jan
19'A
v
28j/2
.
1.25
81c
7c
-IOO
Sterling Coal
—
♦
Sterling Trust
——
.-*-1
Sturgeon River Gold—
I
Sudbury Contact—-—^——-
Jan
26
29%
,
-National Trust
24
133
1.12
.
—*
22'/2 Jan
950
46,500
•
104% 105%
—
.
—*
8teep Rock Iron Mines
25y2c
Jan
17%
.
class
85c
—
87c
70c
16c
■
.
National Sewer
1.15
Jan
Jan
19 %
Preferred —.777..
National Petroleum
104%
.100;
Canada
Preferred
1.75 Jan
40
17%
17%
Jan
1
;
1
Jan
Feb
—
Tliompson-Lund MarK Gold
.National Grocers
,
11
29
27
17c
Jan
-
45c
common—
Jan
19
Jan
26,750
5,815
75%
44 %C
24%
Mosher Long Lac.--..—.7—7.*
9c
25c
25
80C
Jan
10
34c.
Jan
500
100
75C
17%
4,755
140
100
80c
..^..——^,7..^...
Porcupine ''■i-:.-[7 77:,7;7;y:;
Moneta
Jan
13
27% Jan
8ysc Jan
13V2c Jan
26,000
:
15
156
405
50c
Jan
26%c Jan
345
■
40
100
Preferred
/
6c
37c. Jan
14,000
19
13%c
Gas—.
&
Mining Corp
.
18%
15c
11 %c
Mid-Continental
870
,
'
'
McLellan 777ii-u77i7Ai.7i7T7777
16%
13%
;
225
—
Brothers
Jan
Co
16
13
Jan
44
Feb
16%: Jan
16% Feb
14
Jan
' 44
-
2,629
Olson Co_——
73
47c
74%
37% Jan
"35% Jan
"
27
—*•
1,750
74
1.55
75%
1.57
Mclntyre Porcupine Mines*.—,7.
Jan
760
10
Standard Radio
106
11
335
•
29
common>^-—
6,000
12c 12y4c
12'/4c
Segur
Jan
16 V*
391;
4,344
-
25
;7-.Preferred'.--—-7—
18 Va
105 105 y4.
105
—
44
16%
28
77—
40
'
43
1.30
Paviilg
1,810
20
19%
—
Preferred
McMarmac
preferred
-
Standard
3.65 Jan
14%
<
Jan
2.08 Jan
10
Standard Chemical common.
18% Jaa
7 V 70c*
Jan
1.66 Jan
42%
*
Stadacona Mines
35%
44
:
%
23% Jan
1.73 Jan.
;
1
Jan
10
Springer Sturgeon
45c
15%
47c
7,300
-224,517
1
Feb
1.63
—1
Southwest Petroleum
44c
,30%
common....—.—
McColl Frontenac Oil.
7 McKenzie
Jan
Jan
42c
32c38%c
—*.,,.7—
McDougall
14C
1.82
2.20
144,600
2.08
3.25
50e
21% Jan '
13
—20
1.60
Rouyn
70c
2.00
2.80
'
-407
'
—
—
Co
;•
23
v"
Jan
1.35 Jan V
16%
:
.«-•
Petroleum—-i-—-..—•
J
Southam
15 %c
60e
2.01
•
45c
>
Jan
Jan
27
————
12 %C
-
Gold
Martin-McNeely Mines
.
166,195
,
Jan
14c
29
Mines—
Malar tic
38c
Marcus Gold.—
(L)
1.50
2.90
:
—•
(N)
14%
Preferred
McBrine
50c
11,800
59,100
Jan
5.85
-100
5y2c Jan
'.Preferred
14c
9"/a
37
-
!
Jan
—•
7,1",
Preferred new
Jan
5c
Massey-narris
Jan
—*
50
V *
Jan
12c-
Jan
105
5.50 Jan
,10c
Jan
—
B new --:—-7;„
49
Marlon
8
33
common-
new
Simpsons Ltd A new—
4%C
Maple Leaf Gardens
-;
7—
Dairies
Maple Leaf Milling Co common.
Maralgo Gold——
-
740
280
5,076
9
22%
-58c
—1
Preferred
Jan
5.45
;
Jan
34
47c
—•
common—
'Silknit common
.95c• Jan
104
44
Brewery
7.—
Silverwoods
Jan
5.85
T.36
ZJk
Mines
Jan
25c
8%
48c
.500
7—--
±
Gold
50 Va
5.65
Voting- trust.'
Jan
22
62c
Jan
Ja«
33%-
-
'
5,00 Jan
7.50
3.75
70c
3.35
Mines—
Manitoba & Eastern
,
Greek
Sicks'
1.70 Jan
1
33,600 .'
105
/ 23 *
Shawkey
30
Janyy
2.70
105
Jan
44
20c
1,250
1.44
—1.7 :
—--i—
Jan
Jan
26%
1,192
,
12,500
13c
——
27 y2
7.10
5.05
MacLeod-CocKshutt Gold Mines..
Gold
Jan
Jan
55c
t !
Jan
25
24c
—k
Rouyn, Lta
835
5.00
5.60
——
Magnet Consolidated Gold--,--7.
Maiartlo
1.40
Sigma
.
Mines
'
Senator
24%
50 %
—-
Mines
Jan
37c
;.
——
'
,1 ',
Jan
Jail
Jah
8%
.
—60
preferred—>—
: 1,540
17,550
40c
'
,
Jan
A
Sannorm
1.55 Jan
Janyy
Jan
1.25
50,430
V,'
28%
1.55
40c
.—I-,""
-7—
1.45
20c
35,550
1
Jan
Class
25
1.01
20
23
5.80
—1
6c
,
;
80c"1 Jan
4,175
33%
—A
——
1,220
'
60,400w
21c
„
—'*
common——
Corp
Lawrence
'20,500
179,800
24
-—-——
Goldfields
Red
Bt
19c
61c
Jellowknife Gold
Madsen
Jan
17c
Macassa Mines
.
20c
-100
Saguenay Power preferred--—--..
Jan
54c
•
MacDonald
22
24
-
35,*750
62c
49 %
21c
Ryanor Mining
21 y2
Class "B"
Lynx
Jan
24
Russell industries common-^-.-—
8.50 Feb
.7.80 Jan
17
Jan
23
Lingman Lake Gold Mines
Little Long Lac Gold Mines LtdLoblaw Groceterias class A
Louvicourt
243/4
Rush Lake Gold Mine—-
Jan
7.56 Jan
'
17c
Gold
Lexinden
19c
26
$
59c
Gold Mines. Ltd
Leitch
Jan
1
Mines
Oro
55C
22%
24
3
Candy.—
Laura Secord
Jan
22
,60c
l-Tr-7-
t;'-
Ml,
,
7—
Range Since January 1
High
1.0X
•
Jan
8.50
Royal
Royallte Oil
1.46 Jan
Sales
High
90c
; Roxana .Oils. Co.;
Jan
6.35
8.00
Shares
tow
Jan
11
14c,
20%
for Week
96c
.11
Lapa Cadillac ——
Lapaska Mines
Lebel
28
Jan
23%
8.50
Week's
Bange
of Prices
y
Jan
1.10
4,740
21%
•
STOCKS—
7.50 Jan
3,700
6.80
.
High
11,000
'
6.40
6.60
•
Lamaque Gold Mines.—.—
Lang & Sons..
—--7—
24 Va
66,081
46,400;;
,
14'/aC 16y2c
24 %
25%
24%
:
27
<
14y2C
.
.—1
Mines, Ltd
•
La
•
Friday
.
1,660
.11
1.40
*
Mines——,
Gold
Fortune
Lake
10%
Last
Sale Price
■
Low
27%
'27
X"/
—1
;
FEBRUARY 1
ENDING
Range Since January 1
High
—•;
—
& Exploration.
Mining
Lake Dufault Mines Ltd
WEEK
Sales
-
Range
for Week
of Prices // Shares
.
Sale Price
STOCKS
FOB
Monday, February. 4, 1946
,
Jan
Jan
(
.
:
Volume 163
Number 4461
;
THE
COMMERCIAL & FINANCI72G oiTRONICLE
CANADIAN
FOR
RANGE
MARKETS
LISTED
WEEK
ENDING
FEBRUARY
1
'
'
'
.
i
r'.v 1;
-
Week's
Sales
Range
for Week
of Prices
Shares
Friday
't
Last1 \
'.
STOCKS—
is.
Sale Price
.
.
Par
,;'K*''>'b"<-v
'•ir-■"t-i.
Dominion
Textiles
Hie>
Low
'
common
Low
94
94
17
17
25
2.00
4,500
36
39
49%
49
50%
1,585
1,705
135
135
10
127%
22%
19%
22%
18,035
187/a
Jan'
22%
Paper common-
5'Ac
7c
MC 5,500
4%c
Jan;
•7c
—U-4—
Feb
92
Jan
17%
Jan
1.75
—. .
Ontario
Paper„
Selections
Pend
Price
-
Jan
Jan
Jan
Montreal
Telegraph
Jan
2.15
Montreal
Tramways
Jan
48
te:39:..k:
Jan
Jan
23%
«
94
W. 53%
Jan
'•r',j"';,,
...
1.65
....———1
1
1.40
4.40
Oreille.4—*
Bros preferred—-—.4— -—100
—
Supertest Ord-__4..
1.85
4.80
4.35
28
*
——
64,456
20c
:
13,605
'
1
Jan-
25
23c
1.27
Jan
2.70
15
Jan
26c
.Murphy Paint Co pommon——
,
Montreal Stock
Canadian
Stocks—
Sale Price
Jan
preferred
—
31
Jan
32
48%
846
46
44%
Jan
51
Jan
55
50
46
50
44 y2
Jan
46
Jan
24
Jan
29%
26
Jan
27%
Jan
Jan
20%
of
Co.
23%
25%
2,175
-22%
245
Canada
100
*
pfd
107
555
Jan
Jan
Jan
32%
Jan
22%
23%
655
21%
Jan
23%
Jan
7V4
7%
400
•7%
Jan
8%
Steel
Car
Products
*
*'
common
Aircraft
—
—
*
River
———
■
Jan
18
365
17
Jan
18%
Jan
34
-
945
30
Jan
34
Jan
71
100
70
Jan
72
Jan
22
1,700
21%
Jan
22%
Jan
31%
■
17
32 %
17
,,
—
16%
—
20%
20%
100
17%
;
!
Jan
107
-
Jan
,
'
220
11%
21,110
9%
Jan
11%
98%
Jan
99%
St
Jan
100
3
2
642
34%
k
Jan
31%
Jan
20
Jan
3
Jan
60
3,567
19
•*
.50
Jan
Lawrence Corporation
common
A preferred
Jan
Jan
101%
Jan
15%
Jan
17%
Jan
Jan
'*
'
;
Jan
21
109
Jan
109
10
108
Feb
108
Feb
90
103%
Jan
105
Jan
8
Jan
9 "A
17%
105
9%
34.- '
39
8%
.;
2,815
Jan
367/a
36%
Jan
39
Jan
89%
Jan
94
Jan
91
92%
33
1,472
23
22%
23
4,256
Jan
Sherwin Williams of
32
30
Jan
Sicks*
common.——
42
22%
Jan
Jan
50
;S 715
91
Jan
Jan
>
Jan
60
*
•-
Shawinigan Water & Power
35'A
Jan
30
872
\
33%
-
—
100%
20%
39
9'A
—
.
St Lawrence Flour Mills common—..*
St Lawrence Paper preferred—.—.100
Jan
61
109
105
__
Jan
17%
Jan
25
108;
;
Saguenay Power preferred
Jan
95
•'/.
'
'
■.
Jan
18%
34
■
Jan
150
33%
Jan
56%
800
585,
108
108
Jan
15'A
1,914
17
109
Preferred
30
2,345
■
58
59Va
101% 101%
58%.
————*
—
Jan
55
16
—
T
Jan
71
—
Co—.u—» '
.
50
21%
71
1
common.....
215
17%
H-
55
32
100
Power com
Tubes.
Ltd
Jan
53 %
*
Quebec Power
Rolland Paper common
Jan
25%
99%
18
10
2%
————.
106
Jan
63%
—*
common.—
Power Corp of Canada
—•
jPrice Bros & Co Ltd common——*1
5% preferred ——————100
Provincial Transport ———i——-*
Jan
16%
Jan
107.
09%
.Warrants:
130
25
149% 150
common..——.i—,kk.*;
Corp-
27%
30%
Ottawa
24
Jan
27
•
'
Electric Corp
Amalgamated
14%
7,317
1,815
:Ontario
105
Jan
„Jan'Vf>y
225
29%
2,151
Jan
High
Jan
103
40
16%
' 26
32%
Jan
Range Since January 1
415
105
28%;
70
Powell
15%
;
32
,33 c,
.
Low
23%!
105
__
Jan
£9
Penmans
Shares
Jan
54
31
;
32%
Page-Hersey
Hiah
23
100
—
Steel common—
Aluminium Ltd
-
i
25
——
Placer Development
of Prices
Algoma
Asbestos
31
69%
46%
Jan
'
*
Jan
Jan
Exchange
Low
Acadia and Atlantic Sugar common—*
Acme Glove Works Ltd com
■
30
72
Jan
/; Sales
Range! ' for Week
Par
„
Argus Corp
5; Preferred
54
Niagara Wire Weaving——*
Noranda Mines Ltd——————*
28c
Jan
20c
f
Week's
Last
Jan
48%
Jan
47
'
■
Jan
28 %
Jan
28
6
1
High
■
Ogilvle Flour Mills
Jan
4.80
Preferred
Funds
Friday
Aluminum
717
28%
-48
-
36
..
National Steel Car Corp
Ottawa Electric Rwys
Ottawa Light Heat &
■
.*
National Breweries common..——*.'
j,
107%
'
Jan
46%
•'
13,900
1.85
Jan'
107%
100
28
46%- 46%
ls-
Mining
Teiniskamlng
:
107% 107 Va
•
Southmount Investors
5%
..>y: -48
..
Low
Jan
135
28%
—
.40
100
—
Range Since January
High
Low
...25
:
,
—
Shares
of Prices
'
&
Osisko Lake
!
Montreal Loan & Mortgage...
Jan
7c
15
for Week
.Range
.
Sale Price^
Par
2
1.90
0
;
^
Preferred
Minnesota
Oil
-
''mim
iL_ 4''-
>
—
International
High
37
Paper
Foothills Oil & Gas
Hayes Steei-
:
1.99
'
Donnaoona
y-v-r-v'STOCKS—
Salei
Week's
Friday-.;
ijyV/v-Last
Range Since January 1
'
Assoc
Tel
Bathurst
&
Teleg
preferred—.
*
-60
Columbia
Pr
Corp A.
Class B
192
431
"■■■■.
■
28%
...»
•.
4%
27%
22%
65
51
26%
26%
24%
27%
47%
48k,.>!
Bronze -common:—— P.
Preferred
48
...——100
108
Canadian Car & Foundry common——»
Preferred
v
Preferred
Canadian Converters class A
>
Canadian Cottons common.!.:
Canadian
Canadian Ind Alcohol
Class
17%
20%
20
Consolidated
*
Preferred
24%
Jan
18%
Jan
90%
Jan
Dominion TextUe>,ommon—»
Jan,
50
29 »/a
310
Jan
100
Jan
; 114
10
119
Jan
119
44%
1,449
42
Jan
45 %
13 3A
Jan
10%
Jan
15%
11%
36%
390
31%
Jan
200
173
k
:
:
Jan
,180
173
Class B
Famous
.
133A Jan
16
223/4
Players Canadian Corp
Foundation
Co
Jan
32 %
112%
1,531
90
Jan
95
14
Jan
16%
General Steel Wares
•
common—
U .".Preferred
435
19
Jan
20%
'*»-
100
147/8
Jan
16
7%
31
Jan
535
10'A
Jan
49
105
393/4
Jan
34
k!
1,265
28%
Jan
50
33
13%
!;
Goodyear Tire pfd inc 1927
Gypsum, Lime
h
& Pap
Hamilton
—
British
Feb
760
143/4
Jan
213
105%
Jan
16% Jan
108%; Jan
110
110
Jan
110
:
20 V2
.
Jan
Jan
20
2,225
19
Feb
106
30
106
Jan
106
55
206
55
Jan
55
Hudson
Bay Mining.:
——*
16%
v
J
14% Jan;
2,245
11%
9% Jan
:4 7,987
323/4
1,680
110
42%
—
6il Ltd—'
—i———.*•"
Imperial Tobacco of Canada common_5
Industrial Acceptance Corp com.—;
International Bronze common..
110%
303A
16%
15%
16
33
*
International Nickel of
Canada
com
*
International Paper common—.——.15
Preferred
International
Petroleum Co
Ltd
Jan
44%
43%
45 %
"T
48%
51
Preferred
r::v-
Jamaica
••
Public
Serv
Ltd
■
•
.—100
24'A
51
54
104% 105
i
10,211
25%
190
51
Secord
...3
—
————...25;
Jan
33%
Jan
35
Jan
20
Jan
24%
Jan
5,435
Sales
8%
99% ;
Range Since January 1
14
21%
Jan
Jan
93
Jan
100 %
Jan
55
177
Jan
180
Jan
7
Jan
180
55 Va
105
12%
Jan
14 14
10
Jan
98
■
13
Jan
15 * Jan
14% Jan
28%
26%
Jan
38
Jan
Jan
65
1,419
27 %
_7%
——-——10Q,
;
50
118
25
Jan.
29
Jan
Ltd
6,675
*
21
23
18
23%
24
340
-
class B—*
—
Jan
25% Jan
57%
1
-
%
f
—
».*
"
,r^
—
Canadian
'
Jan
7%
•
Vickers
common
—
—
—
1
29'A
Jan
15%
163
100
14%
Jan
*
199
—2
Jan
Jan
•
8
Jan
6
;
i»f7
100
Jan
100
Jan
68
14
Jan
15
Jan
4% Jan
2,585
.
5Va Jan
'
17% Jan
125
15%
Jan
726
1,75
Jan
3%
Jan
340
13%
Jan
18%
Jan
14 %
340
12%
Jan
14 %
Jan
101104%
180
98
Jan'
3.15
49,500
14'A
—
.
Jan
16%
Jan
Jan
:V4$.!!Jan!
1,650
4%
5
;*7% 17%
3
3%
^: > 15,-15%
Jan
12%
150
315
„
^
Jan
25
130
100
15
12
Jan
16%
'
—
i—i!!l00.
preferred
Jan
Jan
——,
....
Canadian Western Lumber Co.
.
62 %
110
Jan
16 %
25
16%
196
100
14
—
Company—.—!
Ltd
16JA
196
6
—
'
29% Jan
Jan
109
110
29 29%
14% 14%
—
Jnv Trust Ltd——*
; 90% Jan
238
1,025
Jan
,
110
:
fev
28%
29
62; - 62
109
110
16% 16%
175
Jan
Jan
7%
Jan
6%
89 89%
—
*
i-.-*
—
2.95
—
;
2.95 Jan
Jan
110
:.
3.15 Jan
Jan
Canadian Westinghouse Co Ltd.—*.
Cassidy's Ltd common
—...——.1
1% preferred
—
.—..100
Jan
—
—
Jan
Catelli Food Products 5 %
pfd——15
Jan
Chateau-Gal Wines Ltd—-—.—*.
31%
Jan
Claude
21%
Jan
—
23
Jan
26
Neon
General' Adv
Jan
—
100
—
6%
Commercial Alcohols Ltd common—*
Preferred
12 %
70c
67
6%
—
com———*
Preferred
—>5
67A
—
:
•
57
67
59% 59%
13 V2 1*3%
128
129
16
16
—
,
......
27%
W
18% Jan/! k
19% Jan t; :m
23 V2 Jan
* r,
102
21%
118
Jan
Ltd
Jan
42
58
■
Jan
14%
}
Canadian Oils
Jan
273/g- Jan
-
r
Jan
,
108
15
•
6%
156
6%
.
,
87
"Canadian Pow & Pap Inv Ltd com—-*
5 %. preferred
53% Jan
Jan
500
14%
118
9"
7
1,209
180
preferred
Canadian Marconi
Jan
Jan
133%
50
118
High
Loto
.
7,881
43
Ltd 1% pfd—100
Canada Vinegars Ltd——
—*
^
Jan
45%
Feb
104
M
19%
.
23V« Jan
'
Legare preferred
25
l22"r"'Jan
59
—100
Canadian Light & Power Co.——100
Feb
35
M
.Jan
265
.
33
535
•
Laura
Jan
47% Jan
130
91
132%
•
Lang & Sons Ltd John A
Jan
HUtli
6%
Dominion
&
Canadian Int'l
Jan
16
,
4,938
3,830
—...
Lake of the Woods Milling common
Jan
Jan
Jan
68
^
Canadian Industries
Jan
_
com.—.
—
(John)
Labatt
51
..—100
19%
16Va
21%
41%
"Canada North P Corp
17% Jan
ikkk;
■
Preferred
130
•
Jan
30
19%
.Shares
.14%
—."
Canadian General Investments Ltd—*
43%
Jan
32 Va
175
24%
!
43
Canadian Food Products—.J
112'A
17% Jan,
33
Jan
40% Jan
205
•
International Power common
k*!k/,
33
19%
34
*
.
..
Jan
13%
1,770
:,"»L 25
19
———.100
Jan
;
LtcL*—.*
Packers
Jan
15% Jan
9,448
34
-i
V. Jan
27
33
;
37% Jan
942
17 Va
16
*
k ;,-•! 35
27 Va
11%
Jan
111%
35
.',v
43 Va
16%
k,; Preferred ———25, ■;
Jan
for Week
Company common.^——1
5%
Imperial
Jan
34
30
Jan
.
10
.
!
355
24%
..
Sugar
*
—
Canada Malting Co Ltd————
Jan
163A
Columbia
Preferred
Canada
Jan
31%
32%
Jan
99
Ltd com—.*
Brit Colum Pulp & Paper
16%
15%
*
-
Jan
s
173/a
Jan
225
34
—
*
'
Bridge
25
V?
Jan
2,233
r,
8
98
180
8'/a
99
of Van Ltd—&
Canadian Dredge & Dock Co
Howard Smith Paper common.—..—.*
Preferred
100
\i
Jan
3,530
19%
22
25
Low
*
British American Oil Co Ltd
Jan
108%
25
Co Ltd cl B
50
19
16%
Jan
Jan
291/4
Jan
Jan
22 y2
95
15
Range
100
34
k
55
Alabastine——^—.*
24
455
of Prices
Last
Sale Price'
Par
preferred
Brewers & Distillers
Jan
,
50
!
30
30
127%
1
Jan
35
•l3%
106
.
.
Brandham Henderson ——'
Jan
110
19
.
-
■
■;k 15 V2
65
34
Abitibl Power & Paper common——i--*
6%
cumulative preferred
.—100
Feb
tt
108
————100,,!.
2,805
:;l 27:
Jan
77
11
Jan
Jan
100
16%
99
Jan
74%
117
;
545
'
FridaySSS?;Week's^
Brown
i
Jan
Jan
416
preferred —.
100
5V»% preferred ——100
24%
34% " 35
—
•
Feb
1,855
'
15
31%
5%
22%
21%
STOCKS—
Jan
25
,
20%
49
Gatineau Power common.—.——*
Jan
10'A
/
•'••"•Vs.-Canadian Funds
Feb
109% Jan
6,407
S,!: 640;.'...
95
13%
34
Jan
193/4
Jan
...22%
120
.140
29
19%
-
16%
31
._*'•
.
340
77
125-
'99
,
..
25
Jan
14%
;_*
Canada.
of
kl75 k
Jan
Jan
8%
7,745
23%
-? Jan
19
.♦
...
»
!'.
•
■
......
Jan
213/8.Jan
32%
'
—•
'
16%
—-
Bathurst Pow
Englisli Electric class A
;
17%
165
12
.
kk'35!
24%
16%
—
;
Jan
173" * Jan
2
Jan
76
16
22%
93%
175.
;
13,933
14%
25
:. '■>$
■. ;k.-'
,,
Scotia
36%: Jan
109% 112'/4
—
1
19%
10%
Jan
256
22%
''1****
Jan
Jan
1,805
11%
•'
to--A.-
Jan
Jan
15
173
l
k •!: 84
385
Jan
Jan
178% 179%
—"
Jan
Jan
81!
100%
Jan
119
13%
15%
Electrolux Corporation
Enamel & Heating Products
84
..
31 k Jan
;;
225
1,635
35
Dryden Paper
Jan
•
Jan
44
:
1,050
v79
-'
43Jan
14%
Dominion Tar & Chemical common—*
Preferred
———100
Jan
22%
Royal
Jan
.
15
44
——*
Jan
Jan
::
165
22%
Nova
Jan
48
31
Jan
41%
114
15
Dominion Steel & Coal class B—25
Dominion Stores Ltd
common.
Canadienne
17%
78
■
119
100
-:
——.
Jan
16
Jan
100
28%
22%
Montreal
Jan
109
—100
16
14 Va
13
20
578
Banks
21% Jan
:-49%r49$
—*
Dominion Glass common..
Jan
14,290
15%.
!
124
124
100
Commerce.
Jan
10%
Steel
—»
—
preferred
38%; Jan
280
Dominion Dairies common...—
&
6%
I8V4
2,181
Dominion Bridge ;—
Coal preferred-!..——25
Foundries
Zellers Ltd
35
960
1,359
Dominion
Dominion
Jan
17% Jan
15% Jan
10
-
18%
.100
.
41%
—
Preferred
1,240
8,904
14%
•
Jan
19%
'Jan:;''k"
Jan
90
—
Preferred
104%
Jan'
24%
30%
Ltd
Wilslls
47
43
110%
18%
76.
77
.
Winnipeg Electric common.!——..—*
35
88 %
*
875
9%
•
•
Jan
50
43
Leather Co Ltd class ;A—
Class B^
/
Distillers Seagrams common
i€6
1,191
17%
36%
17%
*
Jan
Jan
Jan
•
Crown Cork 5? ,&eaiCo.%;
■
17%
5
Mining & Smelting
20%
34%
Jan
23%
25
Consumers Glass
f,Davis
53
21%
40%
135
19%
165
—
Weston (Geo) common——-——•
Jan
35
—•
Canadian Pacific Railway
Cockshutt Plow —
,
3r%m A,
50%
*
17%
37
.
.41%
59%
V1
..
-
._*
Preferred
33% Jan
31 X':
41%
17%
'
Jan
1,207
•
common
18
7,633
B
Canadian Locomotive
Jan
3,472
*
investment
Foreicn
Wabasso Cotton
Walker Gooderham €s Worts com..
19%
Jan
:
Jan
Jan
66
102%
19%
Jan
34%
84
';
100
A7
19%
Jan
25
33
13%. 16
100% 100%;
82
83
.; ' 84
84 ■•; ■
—
—» ■'
26%
61
33
;
Jan
Corpv_.
5;>- 108
108
Jan
15
15
—
Rapid Transit——
United Steel
27%
34%
—
Twin City
Jan
51
iTuckett Tobacco preferred.
Feb
Jan
935—
--
31 %
19
—25
Jan
64
inft
100
—
Jan
13
22%
•
Preferred1
•22%
34%
■
—
Jan
26
50
Jan
47%
860
Jan
150
29
*
r'1 V f V
'
...
Jan
Jan
12
40,655
.
19%
25■
Ca nadian Celanese common--
27%
Feb
44
21% Jan'
,655.
.
Jan
18 Va
2,885
50
142%
*
,
Standard Chemicals common———*
5% " preferred ..———.109
Steel Co of Canada common.....—*
Jan
26%
945
■
15%
Jan
131
Jan
' ** *
—
Southam Press Co——j——*
Southern Canada Power
——*
Feb
14%
1
Jan
32
37% Jan
32
44
.
32
preferred——.—..100
r
Jan
21%
Ltd
7'
Jan
29
27
Canada Wire & Cable Co Ltd——*
Canadian
Jan
233/a
13
50%
•5
Jan
685
—.—5ft
Jan
Jan
142%
19%
30
Jan
142
27
Jan
20%
142%
12%
Simpsons
4% Jan
t
1,530
'
Jan
233A
15%
22%
223/4
23%
Jan
605
104% 104%
Simon (H) & Sons common.———.—*
Jan
29
15
13
Jan
27
40
Canadian Breweries common—.—*
—;
22
Breweries
*
Canada com—..*
30 Va
;
845
21%
15%
Canada Northern Power Corp—..
*
Canada- Steamship common——^—*
Jan
192
1,240
■
29
20%
Jan:
26%
1,425
20
20
29
—*
.
657
21%
.—.3.00
Canada Forgings class A
525
30
1813A
7,006
22%
4%
*
Preferred
29%
29
29%
<?anada Cement common.————.*
preferred
28%
22%
Building Products class A
•
Bulolo Cold Dredging—.—5--
6%
1,795
188
190 '1
*
.
Eiuck Silk Mills
-
68
20
class A
.»
Bell Telephone.—
-—LOO
Brazilian Trac Light & Power,——*
British Amer Bank Note Co
*
British
60
21
Power & Paper
60
Jan
Jan
'
11%
150
25
5°
Jan
Jan
Jan
129
16
7
210
60c
Jan
165
67
Jan
.
;
Jan
16% Jan
Jan
875
13
70c
67
6%
a'A
Jan
13%
Jan
128
16
•
'
Jan
90c
'
••
:•
Jan
Jan
6%
Jan
7% Jan
8%
Jan
75
"
8
2,215
750
'
MacKinnon Structural Steel com
,
•
:*
10
235
5
Jan
12
—.———100
Preferred.
80
55
80
Jan
80
Massey-Harris
15%
18
McColl-Frontenac Oil
18%
19%
27%
28
470
27% ; Jan
30%
31%
945
30 k Jan
Mitchell
Montreal
For
Cottons
—a.—
common
...100
Light Heat & Power Cons—•
footnotes
I6V4
2,460v
Jan
see
page
689.
5
8,585-
—2.50
—
15%
Consolidated Paper Corp Ltd—.—*
17%
Cub Aircraft Corp Ltd—
—L90
Preferred
Jan
Jan
t\
29'A
5
-
% Jan :? •
22% Jan k k
81
18
Consolidated Div Sec class
Jan
k 19%
!
(Robert)
Molson's! Breweries..—
Montreal
*P
143A Jan
20,132
A-——-*
Jan
'
Jan
81
Jan
15%
2-00
Jan
31%
A??
25 t-i Jan
David & Frere Limited class
Class B
s
Dominion
A——*
--*
Engineering Works Ltd—*
22
—.
-
—
*'
22
4
4
49 V*
60
1.50 Jan
1.00 Jan
200
15 Va
39,700
Jan
15%
.
1.80 Jan
410
22
10
4
Jan
485
45
Jan
;
Jan
Jan
Jan
24
Jan
45
Jan
17%
2.00
Jan
16
116
k
4%
51
-v
Jan
Jan
'
THE COMMERCIAL &
FINANCIAL CHRONICLE
-
RANGE
'
Week's
Range
of Prices
Friday
.
,
Dom Oilcloth &XinoIeum' Co.-Ltd—
Dominion Square Corp
Dominion Woollens
>
25
17
Uw
1
"Low
340
38%
60
19 Ve
Jan
-676
-
"41
13 y.
Jan
16'A
Jan
17'A
4
Jan
18Vi
■
for Week
of Prices
;'„r?'4Low
Shares
Range Since January l
High,
i-iS H.i.i
Low
Jan
25
Jan
Sales
Ran ere
Sale Price
High.
Jan
1,925.
17 Vi
17 '/a-
Week's
.
Last.,
STOCKS—
Range Since January 1
;
4f
17
:
FEBRUARY
rrw»j
for Week
Shares
High
40
■>
—•
,
Low
25
-.—.A—*:.
—
Donnacona Paper Co Ltd
"
•
ENDING
Sales
Last
Sale Price
STOCKS—
WEEK
FOR
MARKETS
LISTED
CANADIAN
Monday, February 4, 1946
Jan
Bear Exploration St Radium Ltd—
Beatrice
Red
Lake GoicU-j.——L
Beaucourt Gold
Mines
Bonville Gold Mines Ltd,—
East
.
Kootenay Power Vfr
Eastern
pfd
100
.
Steel Products Ltd—
'
''
'
.
Federal Grain
>
: ♦'
Central
>5
—
Ltd-
Cadillac Gold Mines Ltd—
Cournor
_•
5—
Donalda
Elder
Baking
Industries
Metal
International
Gold
Mines——
Mines—.
—-.
—
Elderidge
————Eldona Gold Mines Ltd—;
Company Lt&—'..lOOLtd
Paints
A:.
(Cant
Fontana Mines (1945) Ltd—,——
_*
•
Formaque Gold
Mines Ltd
Publishing Co, of Ottawa Ltd.*
Journal
Francoeur Gold
Mines Ltd—„-—J
Ltd
A
Found
Lake
——
Ltd——
Mines Ltd———.
Sullivan
East
100
Viry,,-»
Godfrey Realty Corp
Int
Ltd
Mines
East Malartic
.
•
Inter-City
—.
Mining
Mines
Dome
•
Foreign Power Sec Corp Ltd com
6% red pfd
•
Companies
Mines
Century Mining Corp Ltd——,
Ford Motor Co of Canada class A
Fraser
Gold
Centremaque
»
Co class A———
Aircraft
Gold Mines Ltd—
Cartier-Malartic
J
>.
Fairchild Aircraft Ltd...
Fanny Former
Fleet
i Bouscadillac Gold Mines Ltd-—.
t>/.
! '*
1 "Vi'1
>'v |y
John
St
Paper & Power
(Alfred) Inc——
Lambert
Lowney Co Ltd—,
.
u_" '
Lake
Gold
Goldbeam Mines
—„L
Ooldora
—,
——T
——————
Ltd
Mines
Milling Co Ltd
Massey-Harris Co Ltd 5%
—•
pfd
Cadillac
Mines
Hollinger Consolidated Gold-
•
common
Rock Gold Mines Ltd—.
Heva
MacLaren Power Jz Paper CoMaule Leaf
Hard
•
—
„
Howey Gold Mines Ltd—
.—
—
-.100
Indian Lake Mines Ltd————.
McColl-Frontenac Oil 6^ pfd——100
Melchers Distilleries Ltd common—.a*
■. Preferred
—————10
10%
Minnesota & Ontario Paper Co——5
19%
17-
Lake
Jack
105 105 J/4
17%
Mines
——.
Mines Ltd..
Consolidated Gold
J-M
11
Joliet-Quebec Mines Ltd
:
Kirkland Lake Gold Mining Co—„.
2oya
Labrador
Montreal Refrig & Storage- Ltd.—
1st preferred
—-———30'
2nd preferred
—20
Lake
Mining & Explor Co Ltd.
Ltd
Mines
Shore
——
-
■Lingside
——————
Louvicourt Goldflelds >—w
—-
■
•
—,
Moore Corp Ltd
Macdonald Mines Ltd——-—.
Mount
Nova
Roval
Hotel
Co
Scotia Light &
Ltd_:
;
.*
Mclntyre-Porcupine Mines Ltd—.
Nib YellOwknife Mines Ltd—
Power Co Ltd
Nuclear
*
Norrnetal Mining Corp Ltd
Omnitrans
Perron
37
Reliance Grain Co Ltd preferred
*
Sarnia Bridge Co, Lta^.-—i. *
Canada Pr 6 % pfd—100
Soufehmount Invest Co Ltd^J—L———
Standard Paving
Screw' Co
Distillers of
27c
Canada
United Securities. Ltd—
Ycllowknife
Mines Ltd.
Rochette
9y»
9 %•
26%
Mines——.
Gold
Senator-Rouyn Ltd
Sherritt-Gordon
>1.54 Jan
—
Mines
3.65
Ltd.
Ltd——"
>1.45 Jan
^1.15 Jan
Gold
Stadacona
Mines
1944 Ltd-
?1.49 Jan
,
Standard Gold Mines—
—
32c
3.95
Sullivan Cons Mines Ltd
3.10
3.25
31c
33c
Gold
Vilibona
Aldermac
Alger
Arno
.
,
■...
Copper Corp Ltd.
Mines Ltd—
t
6cl2%c
Gold
Mines
Astoria
Athona
Aubelle
Ltd
Quebec
Mines
103.800"1
.
43c
9c
1,500
8c 11 %c
-
y
73,820
43c
;
Jan
.
14%cJan
.
JaiL
7c.. Jan.
52c
;
,
Jan
Transactions af the New York Stock
Oil Co
Stocks,
llumber of
\
■
^
J
Week Ended Feb. 1,1946
Saturday.—.—
Monday
Tuesday
Wednesday
Thursday
Friday
Shares
Jan
42c
Jan
41 %c
Jan
25c
Jan
28c
Jan
25C
5.40
Railroad
Daily,
United States
Bonds
Total
Foreign
Government
Bond
Bond*
and Miscel.
Bonds
Sales
■;
Stocks
(Number
Government
593,645
$192,000
463,000
469,000
$17,000
86,000
293,000
921,420
3,490,160
2,914,290
$3,245,000
$167,000
$8,000
$3,420,000
-7,879,300
435,000
81,000
8,395,300
Saturday
7,463,800
416,000
6,000
7,885,800
368,000
55,000
4,582,000
288,000
350,500
1,000
Wednesday-—----————:
Thursday—
Friday
—
—
1,416,260
4,435,400
6,108,600
4,979,000
4,786,900
Monday———————
Tuesday
1,699,745
5,685,600
12,845,470
$33,291,100
$2,024,500
$260,000
$35,575,600
;
109,000
:
——
1,748,295
——
.
>
1946
it 101,400
2,024,500 -Ijl
Railroad $9 industrial.
5,000
5,000
$490,000
$11,000
$2,799,000
17,000
V
•
-
Week Ended Feb. 1
33,291,100
1945
3,061,449
Bonds
2,058,000
•
1946
8.081,735
Stocks—No. of shares.
Foreign
324,000
$2,298,000
'
8,254,378
$260,000
Domestic-—-—
39,237,600
Foreign government.
Foreign corporate—
TotaL
$35,575,600
$41,397,000
Total———.
Far
Far
y-yv
—.100
Bank • of the Manhattan Co.—10
Fulton
Bank of New York—.
100
Grace National
—100
10
Guaranty Trust
100
10
100
25
Bankers Trust
Brooklyn Trust
Total
;
40
Bonds
100
Central Hanover Bank & Trust 20
Chase
National
Bank
15
Chemical Bank & Trust
—10
Trust
Co
Continental
109.15
Corn
109.18
Empire Trust
Bank
—
689.
Trust
10
first
50
Fiduciary Trust
109.20
page
St
Exchange Bank St Trust-20
109.19
see
—20
—
109.16
National Bank
Trust
frying Trust
Kings County Trust
Lawyers Trust
Manufactures Trust Co com—20
& Co.Inc——100
National City Bank——
12 Va
Morgan (J P)
Commercial National Bank &
109.13
763,000
545,000
———
1,437,875
1945
12,845,470
•' '
Total
8,081,735
—.
377,000
Week Ended Feb. 1
Bonds
U. 8. Government
72,000
•
$211,000
.,552,000
$2,000
3,000
1,000
' 394,000
334,000
1,185,915
-
Stocks—No. of shares.
>
473,000
'
Value)
Foreign
:
Corporate J
Foreign
Domestic
L553,520
♦
Bonds <Par
•*
or
Shares)
Week Ended Feb. 1,1946
1,687,580
_■&_
——
footnotes
Jan
Transactions at
Exchange
Total——.
For
5.40
5.15 Jan
Ltd———.
2,276,500
—
...
Total
Jan
Jan
31c
Co Ltd-——.
Daijy, Weekly and Yearly
„
Jan
Jan
••3.25
,
Homestead Oil & Gas Ltd
Pacalta Oils
,
Jan
Anglo-Canadian Oil Co Ltd
Home
—
Aumague Gold Mines Ltd—^
yrr
25c
5.40
Wiltsey-Goghlan Mines Ltd_
Wright Hargraves Mines Ltd.
Jan
3.95
41 %c
4iy2c4iy2c
.
>
Oil Stocks
Ltd__
Ltd
—
2.80
42c
32c
3.10 Jan
-
;.,ll%c Jan
Ltd__
(1937)
Mines
Mines
43c
Mines
Malartic
-West
v
-
27y2c Jan
32c
3.80
Steeloy
Jari
35c
38c
35c
Steep Rock Iron Mines Ltd—
Ulinfng Stocks
Jan
Mines Ltd—„
Sladen-Malartic Mines Ltd-
—-*•
_100
Westeel Products Corp Ltd
•
Windsor Hotel Ltd———„————
.
Ltd-.
28c
26%
-
Mines
Mines———,
Rea Crest Gold
116
Slscoe
United Corpora (ions class B
United
Quebec
12%
11R
Ltd-j_^—u—
Gold
Pitt Gold
106 107 y2
12%
Southern
Stowell
7%
—
39
V/2:
Exploration
Cadailic Gold Mines Ltd..
pandora
Quebec Pulp & Paper 1% red pfd—100
Quebec Tel & Power Corp class A—**
■
:
O'Brien Gold Mines Ltd——-
Pr Corp of Can .6% cum 1st pfd—100
Partic 2nd preferred--—
-50
New
Title
—100
York
——25
Trust
Public Nafc'l Bank & Trust—17%
Sterling
National—
Guarantee
& Trust
United States Trust—
12
100
^
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume-163 -'Number 4461
OVER-THE-COUNTER MARKETS
"
Quotations for Friday,
•
February 1
For
Specialists
'
'
'
■
in
y
V'
vy
,v;
'
,
.
_
in
-
.
250
Setabllslied
-
1920
to
U
yv-\.
X-sjs
-•'
11
>
..y
^
-
..
r- *
-
v"ft
vi-J
•? >'**£}''f
-
>:
;i5i,
Pet
*—1
American Business Shares
; 7.20 V
1
Oil shares—
Axe-Houghton Fund Inc
77/a
.1
40.70
j
Bond
Inv
of
Tr
America
106.86
Inc
25.40
23.73
26.00
4.45
5.05
36.34
39.08
0
;
income
Denver Ss Rio Grande—
Income. 4%s
1st 3-4s
preferred"*^*-——IZ..IlO0
Denver &
..
Common
Century Shares Trust———*.
Fund
1
;
14.12
Christiana'Securities com.—100 3,020
Preferred —.——100
145
Commonwealth Invest—..
1
Mutual
7.46
Delaware Fund—4—.~.l
23.89
1.81
10
Inc
Preferred
85
income—......^.1893
Bond
series
Income
Eaton & Howard—
Low
'o0;
St Louis & San Francisco
looy2
102ya
100'/*
102%
89
Fund Inc...---*--—-.*
17.11
13.52
29.00
Financial Industrial Fund, Inc.
Mutual' Trust Fun<L,..«.8
6.81
>
Casual
&
Ask
102
Surety.
49
52
Home
30V4
32
52
54
Homestead
28
91
94%
Selected series
.
.......———.
,
Speculative series
———
5.63
Stock series -;
—7.98'
8.85
' 9.83 •'
36.03
39.48 .'
! Jfew England Fund..-.*-.——1
v
-
8.83
36%;.
Casualty.«:J*^^..5
14
American Equitable.
...LJ
American Fidelity & Casualty.B
American of Newark
3%
American Re-Insurance__
10
18.58
.17,65
Automobile**.*..—_4;
American
6.25
...
Alliance
American
11.09
5.96
25
.
6.89
7.86
New York Stocks Inc—»
'*
Fire
10
Insur Co of North America—10
General Caplt&lCorp...,..—-*;48.49
.1
6.42
General Investors Trusts...
Bank
Group Securities—
stock..
Business
shares^—*^-*—8,77 0 9.64
11.31
12.42
;
Electrical Equipment..;*....*.,
Food shares—..—.—:
10.85.
'
*
12.26
*
10
y 21
10
15.44
6.81
7.49
10.32
9.71*
10.67
10,93
'
"16.18
14.05
10:88
Employees Group..—
Employers Reinsurance
12.22
13.42
Federal
13.42
10.59
11.63
11.35
12.47
Mining .shares...6.79
7.47
Petroleum
8.02
Putnam
Fund.....~....l
17.48
18.80.
4.37
Republic Invest Fund..^...^..)
Scudder, Stevens At Clark
5.24
5.75
Merchandise shares....-~~~
shareSi.^.'.^.*.-..^
Petroleum
7.29
0Railroad Bond shares...*....*
RR Equipment shares
-
3,96
-
6.88
7.61
8.37
Steei shares—
6.77
Tobacco
Utility
——
-
Income Foundation Fund Ine
Common —*,^—.^...^...100
'
^
,
&
iGeoi
shares
15.32
16.70
Globe
8.78
1.10
2nd
.*..^—^100
8.02
1.00
State Street Investment Corp—
59.50
62.50
1.93
1.98
»,
32.62
,
Utilities
Standard
:
1.24
1.37
'
Investment Co of America—10
34.36
Investors Fund 0--.—————I;
17.56
Beries
V
-
37.35
-
28.68
»
31.09
—•; 20.64
22.65
-
U 8 El Lt & Pwr Shares A
Arkansas Pow
3.33
St
3.95
3.45
21%
101 y4
105%
•
i;
•
1950-1948—
1.
1955-1953—
l'/as Jan.'.l,
-
-
•
—
,
v
1974
104
b0.90
issues
•
26
56%
59%
;
38%
139%
42%
45%
670
50
Fidelity & Guaranty Co ..2
4-
U S
Guarantee.*.—
*
...10
Westchester Fire—.*—2.50
-
60
685
52
S
63
89
393/^
Ask
92(4
42%
Rid
Nat'l Dairy Products 2%s__1970
Portland Gen Elec 3'/8S
1975
109
'
1975
104
104%
Vt
Pub
Burl &
Lt
RR
Houston
&
Serv
2%s_
Quincy 2%s
101%
1970
105
3V8S—1975
109
2%s—'-1975
105
Serv
(Indiana)
Public Serv (Okla)
109%
Reading
Sioux
107 »/2
108 %
102
103 y2
1965
105%
106%
Pow & Lt 3%S—1975
107%
108%
Central
107%
108%
105%
Ruppert
Lt & Pow
21/8
8„
Power
__
35/aS_1980
—1975
2%S-.—1975
103%
3s
1974
of
Lt
&
fit
105
1975
103%
103%
107%
108
105
105%
104%
105
-
Louis
St
1975
Light 2%s_1975
Tel 3s.*_*..1975
Preferred Stocks—
104
Pat
•106%'
107%
4.40%—100
111%
112%
(Jacob) 4%%i.—i.—100
108%
109%
City G & E 3.90% pfd-100
Union Oil
(Cal) $3.75
•
105%
106%
106
106%
Pow
& Lt
Monongahela
105
Elec
•105(4
104%
Service 2%s
Power
Western
'
105
Ass
Texas Elec
Texas
106%
109%
,
.1975
V, 27/sS
1974
K—1980
ser
105%
106%
-1985
RR
111; yV-Yy' •: '
101%
102%
3s
3V8s
City Gas & El 2%s
Term
102
Co
1953
Pwr
2s
Mountain States Power 3s__1975
utner
32 %
82
Pub
108%
109
Chic
Page 688
1946.—
:30 %
Security Issues
1975
Monongahela Power 3s
15,
,
8%
•;(y--y*
Cent
'
..
Montana
April
45%
*
7
79
U's Firs.—*.————.—.
•
131%;
4%——100
Power
Sioux
110%
Home Loan Banks—
100.21
105V2
1953-1951—101 &
lr
Feb.
127%
Narragansett
0.80%
101 y8
1%S Oct
2%s
r .
36%
33%
105%
AM
100.19
:
•34%
'31%
California Water 3%s
„
Obligations Ortioveri^
;:>3s May 1, 1956-1946.—^—*.
43
16
24
U S
105%
Minnesota
Federal
Fire...
67
102%
14%
..Id.
Travelers ,.**^,—-.*———*100
Buffalo Niagara Elec 2%s._1975
Kans Okla & Gulf Ry
Laclede Gas Lt 3'4s
Federal Land Bank Bonds—
(Paul)
113
64
J
Lt SysS^.1974
Birminghnm Electric 3s_.
Conn
FOR NEW YORK CITY BANKS & TRUST COS.—See
^
:
Standard Accident.*.;—.**..10
13%
9.15
2.98
!
*
Fire
—.10
101
Recent
Erie
Hid
•/.;
10
12.60
28.97
22.63
8.05
Series 1958-*-——I
100
Security New Haven—
10
36%
Springfield Fire b Marine— 28 ; 135
Bonds-
2.50
Series 1955—
.
'
Revere
42%
97
'
.10
Fire
9%
96
.
St Paul Fire & Marine..*—12%
Seaboard Surety—«,—*»*—10
.
57%
Bid
D
30.05
28.38
•
22
.*
Independence Trust Shares—*•
'
20
5
—
27%
8%
—12.50 i
J0-65
11.52
26.51
20.75
Diversified Trustee Shares-
17.95
43%
•
North Amer Trust shares—
B-2...^.«—
Series -BrS—
.1
—.——8
23.73
,?-j4
——
Unit Type Trusts—
v
Ceystons CustClan Funds—
/
Series B-l.i
American
19.44
♦
40%
1.22
25.63
21.70
C.———
Union Preferred Stock Fund
Wellington Fund—
: -1.18
17.75
Group shares.
1.10
24.85
B
Series
17%
26%
Rutgers Fire com
15
preferred ——**..——15
Hartford
Unicn Common Stock Fund B—
21.46
Great
54
25%
Reinsurance Corp (NY)_.*»**-2
Republio
♦ Texas)
10
114%
16%
-12
32Va
"*^16%
15
2.50
Providence-Washington
y;:
25
&
Hanover
.
Trusteed Industry Shares—250
Union Bond Fund series A
*
'35.08
110%
8
30ya
.51(4
98%
8
Globe £- Republic
38 %
<
108%
71
Glens, Falls Fire**—f| •y 54%:
**113 65 5 115.95
10
8
210
v
36J/a
—26
176
.
.
200
Pacific
n
Fire..
General Reinsurance Corp new 10
Gibraltar Fire & Marine—*10
2Mi
.
1.07..
Insurance Group shares..*—.
Stock and Bond
10
Franklin
Sovereign Investors..—,.—.—!
8.20
■
19.59
Bank Group shares——,
Fireman's Fd of San Fran
Firemen's of Newark..
Selected Amer Shares...
Scries
Aviation Group
11.04
18
5.99
~
Securities Ltd-*^
Institutional
68
71
Pacific Indemnity Co
10
Phoenix .*.—.——————.10
Preferred Accident.^
—8
•Jk';-'-
171
10
Trading-..——..
Fund,-Inc.-^^..--*—
,
Incorporated investors—.—.—5
20
Fire Assn of Phila
31
-
7 % ■'< iV
■
8
...—...
6^0
68
46%
.
58%
Fidelity & Deposit of Md
29
37%
'
66
9.94
7.45
shares——5.44
shares—.—.—_—
7.46
.10
..10
'
^
.10
•*—
104V2'
65%
9
iVvfjv
"V.di
_2
Fire
Northeastern
Northern
••
__20
River
.
'A 5%
2
—
Fire
19%<:,"20%
66
35%
13.03
steel
;
7:57
Railroad* stock. shares.4^--i.
;
York
North
.
44
9.04
equipment.4.^—..M
Liberty
J New Hampshire Fire—
'
?.y24yy
r
80'
63%*
10.04
Railroad
10
Amsterdam Casualty
New Brunswick
25
77
'
46%
8
(Detroit)—10
New
89%
22
11.86
Railroad
,
Casualty
.
4
•'■//<[
;_4
...
...
,
lliya
100 )
63%
8
National Fire
National
.80
23%
.10 y
.
18.09
11.33
■
Price Shares..^.^..^.^
W
National
v
7%
77%
Connecticut General Life
10
Continental Casualty
._3
Crum & Forster Inc.—10
14.69
J
'
17%
;
42%
12%
Fire
48.
y"86.yy
10
...8
12.79
u.
10.80
Low
.
Camden Fire—u.
City of New York—
9.90
Oils
81
0
New
16.48
:
.
12.22
Investing
new.common—*._
:-13.37
Machinery
Merchandising
V'V
Monarch
y; i'i 23 y:
7.
—
17.43 / 19.13
18.21
13.41
.
MftRis
9.95
^
14.73
*
\
Electrical equipments..
Insurance stock*..*..*.....*
«
21%
45
Boston
16
109
1 y
:
Mfrs Fire N Y
^ a
pi! •' fu-v
National Union
13.47
11.21
1
Diversified Investment Fund...
-;
Merch &
38■eX
V
y 78
Baltimore American..*—....2%
Bankers & Shippers
—25
V.11.84
,17'.72.
12.32
' 16.14;
,
Diversified Speculative...--^.
^
8.40
9t39
Industrial Machinery shares^.
Institutional bond shares.^.w
10.77
Equipment
Chemical
/
11.94
7.64
14.07
Administered shares—
"General bond shares......^,
.
10.54
,•
shares-.i^L«,i*^^
Chemical sharcs:—.,,...*....,
Fully
—..*
Building suoply
9.59
sharea.*^,**...*.
;; Building shares..^.^.^^.^.
;
19.45
;• 14%
35%
28
Maryland Casualty—
Massacnusetts Bonding
Merchant Fire Assur
15%
10.43
—
-
Aviation
16.29
9.49
■
Automobile
6,75
*14,83
17.72
Agriculture
—
,
39
27
■
20%;
Surety
Automobile
*
20
26%.
13(4
Reserve
'
-
241/4
American
^
Fundamental Trust* shares A—2
10
American
i
8
Jersey Insurance of N Y
American
.
10.04
5.38
Vik
Hartford Steamboiler Inspect—lO
60%
—.—.16
LifeAgricultural
...
'
ON
Pat
107
57%
10
Aetna
7,52
_
10.29' * '11.41
priced bond series.——— V
8.12,
8.93
priced stock common..— ' : 6.67
7.45
Preferred Stock series—.-.
31.23
2.83 !
.
2.58
:
First
Fundamental Investors Inc.*..2
Aviation
*
91
Bid
Aetna
8.27
7.52
——,
Low
'
Automobile
64 V4
'
,r
Aetna
series.—.........,
18.60
.
;
27%
—........
Preferred
franicisco—
com—
10.39
.
29.39
27.49
17.39
y: Balanced Fund—.-—..!
Stock Fund...—.w——1
Agricultural
76%
87
Industrial stock series,——
t
39%
com.—
18.02
19.54
15.94
12.51
Corp...****1'/
Security Series— '■
National Investors
.
1.98
;,
Rla Grande
33.72
17.88
shares
Balanced
25.83
Dividend Shares—,.——J25e
Fund
Invest
-
Nation-Wide Securities—
.
150
6.86
—I
2d Fur.d—"—1
Mass Investors
15.27
3,120
9.45
31.36
16.76
lOo
*
Mass Investors Trust—.
National
Fidelity
86%
j-
•.
102%
.
Income 75-year 4%s
.
-106%
100ya
...2018
—
St Louis & San
1st 50"-year 4s
8.82
9.79
7,73
8.55
124.56
127.10
56.45;
57.60
,.
c%"g° s,ock l8,and & Paclflc-:
■
,y; -'
4%s—,..^..2019
';
Bid
i
—
Manhattan Bond Fund Inc—
-
Canadian Inv Fund' Ltd.—1
Chemical
S-3
—
......-
cony
Stocks
47.89
Ltd—.4-—X
Fund
35.86
20.60
18.29
Series S-4—
.—i—.
-J
Knickerbocker Fund——.——
Loomis Sayles Mutual Fund—•
Loomis Sayles Second Fund__10
27.31
44.30
S-2_„
Series
r
111.31
8
.0
Broad Street Invest Co Ine
Bullock
21.56
33.91
32.67
18.73
16.63
K-2
Series
,
Fund
Boston
30.83
Series
43.76
-
13.08
24.32
Series S-l
■
8%
20.05
Houghton Fund B——
Axe
13.22
K-l—
«5rz~^2~38 "3
*st^4s——-——**——1994 .1041/2
.
ll*?2
Series
5.76
12.19;
1-953
and if issued)
as
-
Qbicago Rock Island At Pacific—
,
•.4^—«— V: 22.17
Sorlee
,
7.87
5.26
Foreign Investlng*10o
Assoc'ted Standard
,11,72
Art
Wd
Per
:
Keystone Custodian Funds (Cont.)— "
10.69
Ine—.^.^-*.1%
Affiliated Fund
so.
Ask
;
Aeronautical Becufltles
American
Bid
*
^
Teletype NY
l. ■ '• Bid ';y?;.:Ask^
0%
CmcIndianapolls^Louisville^
Investing Companies
Mutual Ponds—*
Bell
,
Reorganization Rails
PHILADELPHIA
(When,
V;'v"■"/r*-3,
.
Dealers Association
York Security
—
,
14287 & 1-1288
Tele> NY
CHICAGO
1
REctor 2-8700
-Phone:
Members New
v
Exchange Place, New York 5, N. Y«
Tel:, DIgby 4-4950
120 Broadway. New York
Ar 1
W
'Direct Wires
40
ISSUES
■
W iWMWWF
iKVfe
WW
r
-
■
■
ACTIVE
MT
& Co.
I'Members New York Stock Exchange
Members New York Curb
Exchange
Firm Trading Markets
-
Real Estate Bonds
on
jjJUfSHASKAN
OVER-THE-COUNTER SECURITIES
:
Quotations
.
0.80%
1
-
3s*.i*i—-.1947
102.12
Panama Canal*3Si^'.;..".,«..—.1981.';'..133 %;
U S Conversion
101A
United States Treasury Bills
134%
Rates quoted art for discount at purchase
Quotations For U. S. Treasury Notes
Figures after decimal point; represent • one or more 32ds
I'
"J'
!,(
tMar in.
1946
15
1946
y
tMar 15 1947
Int. Rate
Maturity-—
(Dec
i-yyi
100.1
100.18
100.19
'iy4%
100.14
100.15
%
r,
;
-
tSept.
15. 1947
101
t74s March
Indebtedness—-
1,
tSept.
tSept.
15,
1947
—:iv4%
100.20
100.21
15
1948
;:t%%
101.13
101.14'
*ii %%
■y
•
"
'
'
t%s
Mav
1,
1,
Ask
.0451
.0521
1946**
.0450
.0564
1946..
t.09%
v.y)~;P*F:;
July 1. 1946_
t%s' Aug 1, 1946—
t v8s; sept. 1. 1946
t%S
Oct,
1.
—
.0506
.0601
—*—*
.0493
.0649
.0549
.0680
:r
t'/aS Nov.
VeS
rs'viv, v
--
ry.*v7'::,yyK- .'J( > 'i,7,.11
:y-
'
r'-:
:"
Dec.
1.
1,
_
l°4fi
1946
1946
f'nS Jan; 1, 1947
t'/as Feb.: 1,. 1947.*..
& «*'
(V,
February
28.
•'
March 21,
1946-.
b0.375 0.34%
b0.375 0.28%
March 28,
1946—
b0.375
0.35%
b0.375
0.32%
April 4,
1946....
b0.375
0.35%; ;
b0.375
1946—
•
J? February 14. 1946———
February 21, 1946^—
0.33%
April 11.
1946—
bO.375
0.35%
b0.375
April
0.33%
April
25,
b0.375
7, .March 14, 1946—*,
0.33%
b0.375
1946
-March 7, 1946_———1-
.0612
.0536
7,
0.34.%
May
2,
qp.375 0.35%
18.; 1946—
.
bO.375
0.35%
bO.375
1946—
1946
0.35%,
.0604
.051,4
February
.0589
.0523
*
'
v- ;*•;
•
-
^
1946
'>$.*%» June 1. 1946
'.*. r
.
April
t7/8s
101.1
•.
'
■■
Rid
t
...—
; 3
'
2
trmiinrf WJls—
.
Dollar Price 100 Plus
of
Oertlfirate*
100.2
1%%
—
of a poipt
Maturity—
Rid
.«»«
;
.0547
.0690
.
-'.0763
•
.0541
'.0694
•v
Odd
Stock
dividend.
name
lot
b Yield
sales.
Exchange. /•'
r
price,
d Deferred delivery,
e Ex-interest. fFlat
price. ■
Canadian market,
s Cash sale—not included in range for year,
(Un) Unlisted
issue,
changed effective Sept.
17,
x
Ex-dividend.-
1945.
>
.
y
Ex-rights.
^
"
r
,
z
Formerly Athey
.
,
.
Truss
k Removed
t Ex-stock
Wheel
Co.;
,
.0854
'^.0943
.
a
to
.0739
•y,
•No par value,
tin default.
furnished by.sponsor or Issuer. -r
tThese bonds
are
subject to all Federal taxes
^Quotations not
,
'
THE COMMERCIAL & FINANCIAL CHRONICLE
690
Monday, February 4, 1946
Week Ended
THE COURSE OF BANK CLEARINGS
Third Federal
'
' 1
1
<
,
,
'
'
^
j
if V/
j"
\v r1
V
Y,
>i
i '
//'»
A
{'>
/
.
'
*■
►
,
:
Clearings-—Returhs by Telegraph
2—>>!>>- '••>+>>^i|/,':1946
Week Ending Feb.
New York
*»
'
——
—
-
t
.
567,000,000
•
•
*
•295,582,110
'it.'"
—
5.3
+
.
451,041,029
.
324,693,656
-
Kansas City
> St.
1
t
Philadelphia
Boston
$5,534,123,102
$5,828,074,921
.—
~
Chicago—..
•.
?
■
(
165,005,401
P*'7? fSU fi:/ 7
t'
!
Pittsburgh-
r
t
;
'Cleveland————.—-—
|
-*>■
Baltimore-.——.,
»
_—*—*—
183,966,239
—*
five days
Total all cities,
i' ''
Total all cities for week
tDue to strike figures not
t
2,977,721
—
t
South
$11,582,787,213
+ 15.3
15,495,000
11,977,600
'•
2,055,730
+ 44.9
1,949,216
2,988,785
+ 43.6
2,700,676
1,763,703
2,687,912
—
6.9
255,244,809
233,326,129
+
0.2
608,127,973
544,327,491
+
618,446.921
43.8
1,035,043
>>6,698,000
+ 21.7
»6,056,000
85,847.342
+ 28.3
1,288,965
•
i-
829,068
5,909,000
2,676,173
2,453,343
+
9.1
162,982,963
44,473,733
+ .;
9.1
166,733,794
52,649,181
+ 18.4
38,057,102
30,883,363
303,745,346
+12.2
291,640,613
244,256,743
19,624,657
—31.1
Columbia—Washington-
(6 cities)
67,504,429,
2,013,624
137,117,256
13,522,105
7,987.559
10,666,758
43,468,648
+
28.0
42,767,584
31,852,346
190,100,000
3,215,640
169,700,000
2,577,245
+
12.0
141,300,000
113,300,000
—
—
Augusta——
——
Alabama—Birmingham
Mobile-—
i
having amounted to $12,499,482,433 against $11,373,219,015
week in 1944.
Outside of this city there was a gain of 8.3%, the bank
Total
recorded an increase of 11.2%. We group the cities
the Federal Reserve Districts in which they are located and from this
2,435,838
1,985,624
2,307,474
—11.9
1,616,087
+ 17.8
51,711,509
1,632,641
40,669,393
67,993,392
4,770.825
+ 12.7
+ 24.8
1
42,631,110
58,349,498
4,853,783
+
4.7
292,820
+
16.1
122,428,653
114,843,786
+
6.6
83,402,322
75,879,363
561,964,655
Orleans
(10 cities)
504,805,767
+1J.4
396.812,465
3?0,978,337
537,651
5,619,212
+ 108.6
439,337
454,5()i
12.5
4,976,095
9.4
5,085,444
3,332,021
4,434,094
2.855,301
2,799,538
01
339,969
Mississippi—Vicksburg———',
Louisiana—New
'
79,026,920
—2,033,287
—„■
93,056,718
76,640,557
4,995,215
Macon—
Florida—Jacksonville
ings for the whole country
in the same
191,552,061
77,474,311
2,284,363
i.
—
Georgia—Atlanta—:
For that week there was an increase of 9.9%, the
ended Jan. 26.
99,704,088
211,629,216
Sixth Federal Reserve District—Atlanta-
the week previous—the week
aggregate of clear¬
able to give the final and complete results of
are
we
3,485,249
117,623,807
3.4
Nashville———55,632,505
present further below,
we
3,315,993
4.2
165,401,170
I
Tennessee—Knoxvllle———
Accordingly, in the above the last day of the week in all cases has to be estimated.
statement, however, which
+ 27.0
+
3,228,615
>250,122,499
Carolina—Charleston
Total
We cannot furnish them today, in as much as the week1
In the elaborate detailed
617,326,928
706,778,319v
+
1,853,892
8,150,000
110,115,024
——
Maryland—Baltimore
District of
the Saturday figures are not available at time of going to press.
ends Saturday and
'
340,845,440
Richmond—
available.
issue of next week.
our
8.2
+
130,103,531
619,463,199
—.
Virginia—Huntington*—
Virgin! a—Norf ol k__
Complete and exact details for th£ week covered by the foregoing will appear
in
1,822,071
3,667,600
Fifth Federal Reserve District—Richmond-
2,010,816,934
——t
-—
1,881,896
7,370,800
+
213,356,661
> 16,593,100
-
4,292,177
232,860,129
?
~
West
+17.9
$9,571,970,279
***—
1,124,957
22.0
—35.3
.
4,099,974
Total (7 cities)
1,622,300,030
—
-
All cities, one day——.—.-———
t
1,913,220,895
—
660,300,266
; 7
1,390,117
604,000,000
+ 0.1
$7,949,670,249
t
cities, five days—
Ten
Other cities, five days—
1,497,366
■'5,651,600
„
.
135,996,979
136,163,436
—..
+ 63.2
135,579,069
220,524,323
19,129,800
Mansfield-—
'
2,lt3,663
+ 29.6
1,083,006
.
Youngstown
Pennsylvania—Pittsburgh^,
6.1
+
207,021,389
-.f
——
«
247,334,000
262,456,000
,San Francisco*—■
1,256,387
2,665,153
1,519,236
2,622,385
1,767,925
1,827,393'
Fourth Federal Reserve District—Cleveland---
——
1
1,917,683
•
^7.^|^
Columbus
V-j
687,000,000
3,658,700
Cleveland
162,600,000
Louis—t
1,455,315
8,4
1,468,205
—
Cincinnati——
9.8
+
)£
■}
+ 35.6
+
714,374,927
*'
J
Ohio—Canton—.1.
,?•>
"
(10 cities)
-r{\
466,419
+14.8
•
,
New Jersey—Trenton
%>>>>>>>>>
1945
1,016,404
1,686,280
—»
■
Total
—13.1
>1,392,405
Scranton—:
'
292,324
1,183,390
lift 744,147
644,000,000
——.
-
Wilkes-Barre—
''
690,270
1,261,562
3,397,859
Reading—.
York
+ 37.0
—37.5
1,888,301
—.
——
Philadelphia*
■
471,894
698,000,000
Lancaster—.
=■
,
1943
1,369,258
/
'
^
'
1944
,
"
'
the week ended Saturday, Feb. 2,
clearings for all cities of the United States from which it is possible to obtain weekly
clearings will be above those for the corresponding week last year. At this center there
is a gain for the week ended Friday of 5.3%.
Due to the strike of telegraph workers
we are unable to complete our tabulation and give below the few returns that have
'us,-;
26
District—Philadelphia-
Reserve
Pennsylvania—Altoona——646,336
Bethlehem*—*_*_—
.855,126
Ghester-i—.
647,002
Incomplete preliminary figures indicate that for
reached
Jan.
Inc. or
Dec. %.■://
compared with a year ago.
clearings this week will show an increase
Bank
1945
1946
-
4,266,798
295,671
-
;
186,538
.
clearings at this center having
according to
Seventh Federal Reserve
record an
improvement of 11.1%, in the Boston Reserve District of 10.7% and in the Philadel¬
phia Reserve District of 8.2 %. In the Cleveland Reserve District the totals register
a gain'of 0.2%, in the Richmond Reserve District of 12.2% and in the Atlanta Reserve
District of 11.4%.
The Chicago Reserve District enjoys an increase of 9.7%, the
St. Louis Reserve District of 5.7% and the Minneapolis Reserve District of 8.2%.
In
the Kansas City Reserve District the totals are larger by-6.0%, in the Dallas Reserve
District by 21.4% and in the San Francisco Reserve District by 7:6%. !"
•'»
that in the New York District (including this city) the totals
it appears
V>::
>: >> >:>;^
..
■>■■
District—Chicago-
Michigan—Arin Arbor——.
;
Grand Rapids——..
—1
Lansing—.
Indiana—Fort Wayne
XIndianapolis——
■■■
South Bend——.——.
,
Terro Hautei
f.„,,.
r
r
'
2,779,792
30,704,000
3,336,830
10,675,661
37,417,179
Wisconsin—Milwaukee-^—
2,177,169
2,280,405
>
7,289,281
>;;>■ '■• 741,043
.568,936,857
2,420,073
^
—*
Illinois—Bloomington—
fihiflftgn
14,525,916
19,623,416
—*
.ilt„
+
—
+ 18.3
.
0.8
+
>
'8,114,700
2,945,367
8,138,596
2.6
43,787.455
31,933,726
4.7
2,074,264
15,081,383
1,535,712
12,078,644
3,899,740
2.4
—.
+
•;
+ 35.1
7,070,226
+
3.1
480,721
^
25,991,000
30,944,000
—10.0
36,476,272
—*
Sioux City—
v
4,326,512
3,032,035
10,417,918
:
Iowa—Cedar Rapids.*
Des Moines
1,121,753
6,320,785
3,920.165
3,287,919
30,940,000
+
54.2
7,509,076
488,434
+ 10.2
510,300,219
516,297,854
'
.
5,527,979
428,149
413,506,430
1,518,953
6,576,561
+ 12.4
5,836,839
2,625,383
1,832,918
+ 43.2
2,108,524
1,963,255
2,007,019
4,811,408
1,677,243
1,513,367
709,730,316
Decatur*—.
1,693,075
7,392,849
,
1,744,457
+ 38.7
•
In the following we furnish a summary
; v
of Federal Reserve Districts:
Rockford
Week Ended Jan. 26—
1st
Yd
3d
Districts v-/■'
Reserve
Federal
Boston
■:;;.S,>^946>;E
■
—*
M
Philadelphia
4th Cleveland
—**.
17
^*—
>4
Louis
9th Minneapolis +———. >7
10th
City
Kansas
11th Dallas
10
-----
10
.—**■*— 111
Total
>r.
617,326,928
+ 12.2
291,640,613
396,812,465
320,978,337
709,730,316
647,160,771
|+
9.7
+
5.7
317,368,708
+
6.2
243,250,560
224,819,332
355,973,223
II
335,721,832 >+..
212,586,487
6.0
191,646,181
+ 21.4 ;
133,556,315
■
—
200,100,000
" 103,812,951
64,596,670
1,135,314
192,300,000
+
4.1
182,900,000
99,704,416
+
4.1
80,305,394
56,726,094
+13.9
158,000,000
67,452,318
43,409,684
+ 35.5
52,912,314
1,251,000
369,644,935
,
r*—.
349,560,685
5.7
317,368,708
269,650,000
+ 17.5
3,876,219
+ 10.6
146,960,492
0.0
51,021,940
3,468,946
3,453,077
109,892,084
39,938,923
2,622,210
-
——
838,175
+
788,000
580,493,398
7.6
484,009,558
440,327,425
11,373,219,015
+
9.9
10,422,284,568
8,491,656,400
4,945,730,585
+
4,773,634,592
District—Minneapolis—
4,143,409
173,512,920
51,019,944
3,994,991,040
3,611,675
1,686,047
+ 15.0
1,254,761
+ 46.4
1,151,866
823,430
7,231,594
6,842,893
+
5.7
4,764,582
4,494,834
243,250,560
St. Paul
3,527,238
156,872,499
3,566,170
1,939,513
1,837,010
Minnesota—Duluth*—*
Minneapolis
109,385,831
+
8.3
'
Ninth Federal Reserve
244,005,489
539,546,664
add our detailed statement showing the figures for
now
Total ( 4 cities)
162,201,097,
299,042,725
;
12,499,482,433
cities
522,150,008
269,650,000
^
232,741,593
II
647,463,338
,
522,150,006
647,463,338
349,560,685
it
Kentucky—Louisville—
Tennessee—Memphis
Illinois—Quincy*—
244,256,743
'+ 11.4
369,644,935
+'V;'E
v'U; >:;.-
9.7
Reserve District—St. Louis-
Missouri—St. Louis
544,327,491
608,127,973
federal
Eighth
4,648,616,940
303.745,346
v
561,964,655
1,792,732
+
■■"•• '
706,778,319
.
+■ 0.2
,
2.2
647,160,771
(17 cities)
368,430,113
-
504,605,767
340,845,440
.
II
If
618,446,921
$
5,812,522,428
8.2
660,300,266, >+
619,463,199
Outside New York City**,
We
+ 11.1
E'
>,•«:.
512,375,639
Total
,
5,354,850,314
6
—
Francisco——
12th San
6,589,727,301
>.
94
6
6th Atlanta::****»*■*****+- 10
8th St.
407,937,949
7,319,607,377
714,374,927.
f<
7
———
"5th Richmond ——«*i—**
7tb Chicago
451,392,810
,■%:
i;5v+':
+ 10.7
l«
10
—
.
I!
Dec.
>
12 Cities
York*—*—-—-* 12
New
.V'
1943
1944
Inc. or
1945
.
Springfield*—
SUMMARY OP BANS CLEARINGS
'
"
—
224,819,332
+
8.2
212,586,487 >
North Dakota—Fargo
***^
South Dakota—^Aberdeen
Montana—Billings
Helena-^.*—********
Total (7 cities)—
each city for the
—-
51,024,219
—
T.3'
976,533
1,342,442
162,201,037,
week ended Jan. 26 for four years:
*
,
i;
-i
i
iv
J" i
ft
*
H.'
>
Week
1946
■
'
■
Clearings at5—
'
1
^
v'.'ji;;
*
J
t\
356,316,874
+
3,736,671 ";>> 3,171,144
8.7
451,567,712
323,029,830
1,019,017
+ 30.1
1,024,398
853,201
505,289
+ 57.7
462,810
-—-
—*
—
Worcester
Rhode
New
.
2,502,195 Y+ 57.5
1,056,852
4,313,897
2,814,134
17,173,877
12,063,545
7,138,953
5,910,667
> 22,423,600
17,465,500
+ 28.4
20,454,200
14,216,700
735,195
547,616
698,779
500,927
Hampshire—Manchester
,
+ 34.3
;:
•::-
Eleventh Federal Reserve
(12
cities)
451,392,810
407,937,949
+10.7
.512,375,639
2,773,713
7,637,335
> 5,113,620
231,526,527
7,411,152
781,142
+
6.6
193,553,915
162,615,266
6,681,866
1
,
New
York—Albany—*——*— •' **;>•
BInghamton—
Buffalo
2,234,634
^
EJmlra
^
335,721,832
■
1,584,748
1.4
;
•'
-—-
59,100,000
Washington— Seattle—
939,553
6.0
933,062
1,124,843
1,572,801
—28.1
1,117,862
+ 11.2
5,648,649,976
4,496,665,360
12,685,823 >» 10,331,451
Lake
4,402,730
+ 35.4
12,684,390
+ 15.5
6,602,923
5,568,448
+ 57.5
7,054,267
530,791
—13.3
410,874
24,654,790
+ 17.0
26,572,139
23,087,617
Grand Total (111
37,059,878
:+• 3.1
35,507,177
34,281,182
Outside
'
,***—_*_
>
7,319,607,377
' 6,5&9,727,301
>
3,834,000
+
23.1
3,793,000
+
31.3
6,696,542
+
9.1
>
191,646,181
+21.4
86,651,367
2,233,482
r'
New-
^Estimated.
1,032,235
•
4,179,297!
109,385,831
339,i48,?92
4,330,242
81,323,909
1,182,184
71,516,614
24,887,983
4,721,753
2,943,394
9.9
258,960,607
245,468,734
6,447,432
'>
+ 23.2
5,051,687
3,845,715
+ 52.5
1,772,256
1,076,855
5,049,203
+17.6
4,351,578
3,360,279
+
7.6
93,090,702
+ 24.1
1,625,767
81,273,663
32,026,789
+ 24.1
5.7
28,160,396
10,255,091
—20.7
10,003,068
5,134,621
308,557,000
+ 18.8
>
> 76,056,862
.
V;
•'
+
+
580,493,398
—:
cities)*—-------
York—
10,000,000
:+ 2,157,000
Francisco-
5,940,146
Stockton
(10 cities)*—
90,208.314
133,556,315
Santa Barbara-
Total
281,718
5,812,522,428" ;• 4,648,616,940 -V
632,568
•
1,434,183
5,421,440
5,358,931
;
+ 11.1
>
+
1,879,863
>
-
6,760,812
38,214,974
783,173
1,808,985
108,158,000
22.3
80,486,942
>>>33.846,181
+>>;:>
San Jose
460,206
Jersey*
cities)
:
244,005,4t
2,065,302
+ 21.3
8,1
San Francisco
+ 22.2
/',
299,042,725
14,574,046
;
28,853,360
New
City—*
Pasadena
8,769,736
_
Jersey—Montclair
6.0
:
.
1,918,016
'
California—Long Beach
11,426,764
5,872,475
+
■
■
918,825
160,259,000
2.771,985
Yakima
845,146
6,427,486,430
7,877,198
> 906,565
43.9
5,962,683
93,204,559
'
—
Oregon—Portland
Utah—Salt
996,081
+
(6 cities)
Twelfth Federal Reserve District—San
1,527,246
> 62,241,000
'
+
194,465,000
2-468-^® i
:—
Louisiana—Shreveport
7,809,178
Newark*:
(12
—
10,080,971
5.4
+ 54.1
7,305,993
'
;*—.
Falls
13,967,881
Connecticut—Stamford
Northern
64,634,000
9,162,577
7,144,632,119
York
Syracuse
Total
+ 55.2
—
232,741,593
Galveston
Wichita
:>■.'"
1,130,539
" ***—_*iW.'
Rochester
New
-
»
+ 15.1
1,439,679
>
63,729,000
■'
*****
Jamestown
New
7,651,355
3,809,669
845,031
17,819,199
4,720,000
'
-:::
Fort Worth
,Total
'
62,361,092
3,697,133
0.8
f
368,430,113.
District—New York—
79,456,072
+ 73.1
'
Second Federal Reserve
2.0
+
District—Dallas-
Texas—Austin—
"-nn.11n.n
'
Total
265,121
3,020,605
+
355,973,223
—*
—
303,357
4,472,508
V*' •• w.:.* 'fi
2,547,102
+ 16.8
14,250,638
E
7,881,513
;
Island—Providence
Total (10 cities)
821,238
5,322,398
+ 27.3
+ 21.3
16,650,481
—.
'>>
.
3,857,828
—
>
8,344,027
1,215,814.
;•■ ;
332,694
6,499,194
'
Connecticut—Hartford
Haven
1,232,876
3,939,723
Springfield
New
2.5
1,202,312
4,909,706
Bedford
New
:
158,465
219,817
:
3.8
246,806,784
; 7,009,099
1,203,837
_
Colorado—Colorado Springs——
•: Pueblo*—****.
*
..
+
796,753
:*,
+ 54.8
+ 22.2
—
79,901,761
2,735,809
4,734,853
-
Lowell—**
3,649,558
8,410,189
——
Missouri—Kansas City
St. Joseph—*
.360,414
4,460,639
81,527,675
—
—
Wichita—.***
346,663
>
*
Kansas—Topeka—
669,168
166,411
257,662
-v
Hastings*—
Lincoln——*
$
924,855
7.2
■
Tenth Federal Reserve District—Kansas CityNebraska—Fremont—-
1943
Omaha—*—*—***—-—**-
+
1,326,205
River—*——*
x
$
+ 44.3
2,927,123
387,215,966
Massachusetts-r Boston—
-
V-
813,799
3,136,919
Portland**——**.—*———*.
Fall
&F0:0000/
'£;
,1944
Dec. %
$
1,174,435
—
v>"'<
J■
^
,
Inc. or
1945
.
Federal Reserve District—Boston—
First
Maine—Bangor
' A
Ended Jan. 26
—
539,546,664
7.6
484,009,558
440,327,425
12,499'48?'|?9
11,373,219,015
9.9
10,422,284,568
8,491,656,400
4,945,730,585
8.3
4,773,634,592
3,994,991,040
5,354,850,314
J:.0
+
Volume
Number
163
THE COMMERCIAL & FINANCIAL CHRONICLE
4461
,
•
.
•'
•
•
•
••
V
•
•
.•;
•
u",
v
.
•'
691
'
Company and Issue—
Foreign Exchange Rates
of Section 522 of the Tariff Act of 1930; the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.;( We give below a record for the week just passed:
totototo- FOREIGN EXCHANGE. BATES CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF ACT OF' 1930' ,
/toto; to
;.to toJAN, 25, 1940 TO JAN. 31, 1946, INCLUSIVE
" " »
' to?
totototo
Pursuant to the requirements
v
.
■
>
.
Gardner-Denver
'
'•
'
•
Monetary Unit
Country and
series
'
'
.
' '
•
'
'
;
to
yyyy
.297733*
(3ff ici uIm..;...—..
■.
Australia,
to.251247*
pound.—. to—,.—-~-
-
.909090
yy
:
.r-
•
—
.008410
i205800
4.033750
to
,301215
.301213
.205800
to
1st
.909090
.909090
.904375
3.227000
4.005000
,
to'
.658300*
.562900*
4.005000
Jan. 23,
1946
.658300*
.658300*
.562900*
.562900*;
.562900*
+ 25,000
17,188,565
—,
>
+ 25,000
,
...
1946
1940
5
Investments—total
68,112
Loans—totaL—.^.^..—15,221
*.
—;
—
-
63,566.
134,180
2,141
+
«
_
.
—
—
+1,512,429
—129,500
21,500
+3,160,071
—
*63,521
-
218,780
i
—
946,892
Z..2-J6.537
Other securities
+4,290,199
44,799
—
,
110
premises
——
13',.-tt
2,013,971
...
Tntftl
.
.
21
;■ —
1,153
50
+
33
—
—
to.
.
•
Foreign
Other
acct.
;
8
—
61,013
_
+1,797,469
+ 114,816
— 374,489
>+' .38,375
-
liabilities..
Total
•'"V *1's'
\
*
r
v
^
^
425,407
-
,
v+1,576,171
17y741,256
; + 64,912
1,727,921
9,933
—103,069
+
92
+
+
43,627,008
———»
—105,078
S *
'
'"T
'
'
"v
Capital paid in——iw.m
Surplus (Section 7)
358,355
Surplus (Section 13b)..^
27,428
Other capital accounts—
31,826
"
'!■
■
■
'
■
'
'
215,027
2,418
liabilities
of
serves
note
gold
& cap. acctS..
+
—
.
+
42.9%
—
Pnrpigt! hnnlfa
_
Tl-.
..
Borrowings..—i*.;, +.,111.
Oeblts to demand deposit accounts except
*y interbank
.+
•
•
and'
.
mtge
3 %s,
v
-
—Apr
1
t
due 1968—Mar
preferred "stock—
...Mar
.
1
358
18
+
:
5.6%
—
1,856
——
The condition statement of weekly reporting member
of the Federal Reserve System in 101 leading
cities shows the
following princioal changes for the week
ended Jan, 23: An increase of $309,000,000 in demand de¬
decrease of $650,000,000 in deposits-
credited to domestic banks,
,
Loans to brokers and dealers for
^
purchasing
<
-
or carry¬
ing United States Government obligations increased $50,000,000 and other loans for the same purpose declined
$51,000,000; loans to brokers and dealers for purchasing
or carrying other securities declined $33,000,000.
Holdings of Treasury bills declined $117,000,000 in New
York City, $72,000,000 in the Chicago District, $28,000,000
each in the St. Louis and Kansas City Districts, and
$274,000,000 at all reporting member banks. : Holdings of
Treasury certificates of indebtedness increased $30,000',000 in the Chicago District, $24,000,000 each in the At¬
lanta and San Francisco Districts, and $123,000,000 at all
reporting member banks, and, declined $28,000,000 in
New York City. - Holdings of United States Government
bonds increased in most districts
and the total increase
Holdings of Treasury notes declined
$33,000,000.. :
| V|; v:
Demand deposits adjusted increased $331,000,000 in
New York City and $309,000,000 at all reporting member
banks.
Time
deposits
increased'' $30,000,000. : United
States Government deposits declined in nearly all dis¬
$86,000,000.
481
banks
Deposits credited to domestic banks decreased in all
Pictures
Co.—
•'
•
Corp.,
$2.75
5%
267
49
+
+'
'
.—.Jan,
| '
■
'
debentures
6%
Inc.—
Co.,
goldfcbonds,- series E," due 1977
Morris
collat.
Congregation^**
>
bonds, due 1949*—.——.Jan
trust
in
1964
1969
*
67
"
1
Oregon RR. & Navigation Co.—'
4% consolv mortgage bonds due 1946.——..—.—..lAny time
Southern Pacific Co.—
,
-
...Any time
lApr
1st mortgage bonds...
St. Joseph & Grand Island Ry.—
•
v
•
1st
mortgage
4%
bonds'due
1947
y t ' f*¥-
PARTIAL
<
.Company and Issue—
,
Atlanta
Gas
Light Co.,
§2824
...Feb
3s,
due
;Feh 28
—
1963.....
Mar
1
(Sidney) & Co., Inc., 7% preferred stock_.Apr
Buycrus-Erie Co., preferred stock
Apr'Carolina, Clinchfield & Ohio R.y.—
1st
Terminals
mortgage 5 V2%
1st
mortgage 5%
1st
'V:
mortgage
Commercial
Connecticut
1st
Eaton
Discount
River
308
§2814
...Apr
1
1
1
1947—Apr.
—Apr
——Apr
'7-'-y-'':
Co.—
': yI
1st
bonds,
series A, due
'
'
•
1951
—
§2822
5
-Apr
'■
8
:_Mar
§2187
1
"
§3079
1
yyy
Feb 25
§1678
♦
—
:
to '■»**<»
320
<'
.
1970———Mar
§1930
§2862
320
convertible notes, due 1948—Feb 13
1958
-—
—-
Ligh't Co.-—
1
,
.
Apr
'
469
1
July 1, '47
series A,, due 2022
mortgage
3%-5%
bonds,
due
—.—Feb
1955—
Light & Rys. Co., 5Va% debentures due 1952—-Mar
Co;, 5% class A preferred stock—...Apr
Knitting
Wabash
1st
Telephone
,
1
1
$2490
to;
•
§2862
1
y/jiyy
Co.—
mortgage 3'/2s, series A & B,
•
.■Western
6%
Reserve
preferred
*
—Jan 26
Investing Corp.—
stock
—:
due 1959—
Inc., 1st mtge. 5s,
Wilson 8s CO., Inc., preferred stock—
Westover,
r,
357
due 1964-1965.^.—Feb 11
> Apts.)^ ,'
Washington
Avenue
Building Co.
(Claridge
Milwaukee, 1st & 2nd mortgage bonds
-
—Jan 30
231
'
68
'
'
S. A., 4%
gold debentures bonds,
United
68
68
J.:
-Feb 15 yy 463
series A,, due 1961—
Realty Co., Ltd.—«
§2822
United Exchange Building Corp.—
I
_i„
B
debentures, due
mortgage 4s, series A, due
Elgin, Joliet & Eastern Ry.—
1st mortgage 3 V4!%
1
1
Utica
series C_.
Co.,-0%
due
"
series A
series
bonds,
Power
mortgage 3%s,
(T.)
bonds,
bonds,
4 Va %
,
5%
-
Mar
467
to
mtge.
(D. A.l,
Texas Power &
Co.—
1st
>
...Mar
\ -1
&,ref. mtge. 4y4% bonds, series D, due 1962..
Union
•
>
<1
1st mortgage 4s, series A, due 1965.—.—.
Chicago & Western Indiana RR.—
Cleveland'
19G
Taylor-Wharton Iron: & Steel Co.—
V
Collat. trust (now 1st mtge.) 7'/a % cumul, inc. bonds
*
*
§2636
1
1
...
Dec 15,
Jan
*
•45
309
•Announcement
in
this
issue."
$m Volume
161.
§In Volume
•
*
1
^_Feb 20
§3241
*
1
*
ref,
TACA Airways,
305
yl -
-yy
§3078
mtge. 3 Vi % bonds, series B; due 1964—Jun
1
Syracuse Gias Co., 1st mtge 5% bonds- due 1946...—Any time;:
,
Page
Date
>
^
—
;■
-
1st 8s ref.
Blumenthal
1st
,
Sioux City Gas 81 Electric Co.f 7 % preferred stock.—Feb. 10
Stanley Works, 5 % preferred stock..—
—.——May 13
*
4.
REDEMPTION
mtge.
1st
'
Southwestern Bell Telephone Co.—
Mfg. Corp., preferred stock—
Aireon
...
194 ;:'
§1516
1
;
112
Anv time
——
;
1.
...Mar
1946_Apr
bondsa-—.-..-*——Feb 15
4%
"
*
(St. Camillus Hospital)—
\
t
serial ;bonds——Feb 10 " A-i-y
Schulte
Inc., preferred stock;
.t......Mar 15 '•toi'to •
Schumacher Wall Board Corp., $2 preferred* stock—..Feb 15
319
Second Church of Christ, Scientist (New Orleans)-—
v
*
1st
&
ref.
bonds....
————Feb 15
t2822
...Feb 28
;
Standard'loe Co;, 1st mortgage 6s
yy^-y y^yty-yy^W--1--
t:_
*
1
.
St', Camillus Institute
'
,
San Francisco Terminal
*
,1
Plan
mortgage
"1st
.
,
„
;
'
:
t
1
.Jan 1
,_.Mar 1
Jan 16
Root Petroleum Co;, $1.20 preference stock...—...Feb 15
§2822
+
311
►'
...Mar
Regal Shoo Co., 7% preferred stock
—
Ritz-Arlihgton Trust, 1st mtge. 5s, due 1946.
Roosevelt Manor, Inc., 1st mtge. bonds.l
*
bonds———.—Feb
311
.
Reading Co. Jersey Central, coll. trust 4s due 1951—Apr
*
315
.....Mar 1
—Mar 15
§3074
11
Feb
Telephone & Telegraph Co.—
7 ;
Ref. mortgage 314% bonds, series B, clue 1966
Philadelphia Rapid Transit Co;—
r
v
5% and 6% bonds due ,1962
;
:
Piper Aircraft Corp.—
60-cent convertible preferred stock.
1
.
.-
Pacific
Page
^\
Oregon Short Line-RR.-—
1
y. Oonsoh 1st mtge; 5% bonds due 1946
yyy; *
1
o-
'
National Department Stores Corp.— •
•3% preferred stock ;
.■
....... .Feb
28
Niagara, Lockport 8s Ontario Power Co.—
1st mtge. and ref. 5% bonds, series At due 1955——Apr
1
Niagara Share Corp., 4Vi % preferred stock——
Mar 7
Northern New York Utilities, Inc.—
1st lien & ref. 7% bonds, series A, due 1946..
Any time
1st lien & ref. 6% bonds, series B, due 1947..—Any time
.Northwest Publications, Inc.—
'
> >
7% first preferred stock & 6 % 2nd preferred stock.Mar 1
mak¬
Date
l6l
§1513
due 1955_i.__.^.l.Feb-15 ;
Corp. of America—
gold notes, series of 1929 due April,
Missouri Boiler & Sheet Iron Works—
11
consolidated mortgage
1st
15
stOck_...lu^^..^;__L^_..Mar '■■■ir ■yy-yy*
preferred;
7%
Benevolent
Collateral
TENDER
due
1;
convertible
1st
due 1968
463
July lw'47.*
.........
^ n
(subordinated)
•
'
'
*
Apr-
7
vete de;Marie,yist 'mortgage 4s & 3Vis
Langendorf Unit.ed Bakeries, Inc.—
6%
preferred stock
American Superpower Corp., first preferred stock.Feb )"5
Central Pacific Ry., 1st ref. mortgage bonds due 1949_Feb 28
Heller (Walter B.) & Co.,-5%% preferred stock.:
' LMar 22
Macfadden Publications,
462
§3071
68:
.
due- 1956—
of America—
La Communaute des Soeurs des Saints Noma de Jesus
;
ing tenders, andl the page number gives the location
which the details were given in the "Chronicle."
vMownt Hope biidge Corp., 1st mtge.. 5s,
Omaha & Council Bluffs Street Ry.— ,
*
308
debentures, due 1957—.;
Mar', 1/
International Power Co., Ltd., 7% preferred stock—Mar 1
:
.,
462
Itoto
Corp., 7%
1st mortgage 4s, series A, due
International Furniture Co.—
called for redemption,
Including those called under sinking fund provisions.
,
I
Illinois Valley Telephone Co.—
Below will be found a list of corporate bonds/notes,
'
§2142
and 6% pfd. stocks.-Feb
1
preferred stock
;Mar 15
debs., due 1968
Mar 9
y Houston • Natural Gas Corp.—
v 1st
mortgage 15-year 4% bonds
preferred and common stocks
OF
4
307
«•'
.
debentures...*.
gen. mtge.
1st lien &
Notices
Company and Issue—
306
15
3'/a %
Inc.—
income bon^s,
5%
5%
15-year
Hampton
+ 1,333
The date indicates the redemption or last date for
2
——Feb
,
Edison Co.,
Gas & Electric
mtge;
Hebrew
12
161
+
Redemption Galls and Sinking Fund
r
tricts; the total decrease at all reporting member
was $134,000,000. vy'v' ■■■;'■■:
f-
Power
Elastic Stop Nut Corp.
4V£%
,
15,664
2
Mar
Grekfc Northern Ry.—
833
-—650
+
4>
'h
>
2
..Mar
':■>Federal Grain, Ltd.—
t
1st mortgage 6 % bonds," series A, due 1949..—_....Feb 28
:
+1,724
+3,395
»
4
Mar
1950
Manila Electric RR. 86 Lighting Corpfc—
5% 1st lien and collat. trust bond certificates
4,294,722
banks
V
+ 2,050
+'25
Electric
Central Power & Light Co., 7%
1st
'
600
+309
+ 30
—134
;
Page
Mar
i
...
Dante Hospital,
55
29.
-402;
—1,170
+ 2,687
—1,259
—
.
Date
^
.Mar 15
prior pref. stock.Apr
1
i! Consolidated Vultee Aircraft Corp., $1.25 pfd. stock—Mar l"y
Cuneo Press, Inc., 4V2%
preferred stock
^..Feb 21
+
+
+
+
15
—174
;
stock—
pfd.
.
+
7
—139
—
1,181
187 :■
Gov>^ accounts*-
S,
NOTICES
was
/
■
during week——U......
Condition Statement of Member Banks
-
1st
Sinking1 fund: 2%%ydebentures due
Continental
+ 5,319
86
-
1,605
a
318
.
,
Compo Shoe Machinery Corp., conv. preferred stock
43,176
——
^
posits adjusted and
•
,
convertible
cumulative
Commonwealth
>
130,202
263
+
—102,547
Indus-
trial loans
/
•
—
Domestic banks^*—10,593
13,964
+
' .j:_.
2,169
'
44,224,126
combined
make
y
interbank deposits:,
certificate reand F. R.
to
*
-
.
19
—
.
adjusted.^.—38,037
Time deposits—
—
9,507
U, 8i Government deposits—.
16,075
to deposit
liabilities
+
'
Demand deposits
"+ -
1
t
362
+
,
—
Total
billSL...—i—J—4^':.7 1,756 -y —274
12,716
+123
— 33
568
Balances with domestio banks—2,352
Capital Accounts—
Ratio
Light Co.,
Company and Issue—
V •,
+4,193,469
Deferred availability items
Other Uabs., Inch accrd. divs...
1
+184,691
+ 34,992
»•+ 23,454
762,337
872,266'
sect..
.
^
Treasury notes—• 7,961
U. S. bonds:
27,089
Cash; in vaulfc.—,,
+2,339,853
to-;tototo';toto
—178,225
—
deposits
2s)
5Vi%
convertible prior preferred stock—
——Mar
5
Canadian Car & Foundry Co., Ltd.—
>;
; ; -,
^
vI $2.10 participating preference stock...
Feb 18
Canadian Utilities, Ltd.—
»
•
7
+
•
1st mortgage 5s, series A, due 1955.._''.i..._._.'.__..Mar' • 1; •:
to Carrier Corp;, 4Va% cumul. conv. preferred stock...-.Mar 14 '
493
+
<#./• 5,
+ 39 .
y
83 ;
—
::y:-yyr' y
15,681,187
—————
Total
15
Commerce & Commercial Club—
(now
Equipment Co.—
California
+1,112
74
51
.,+
Obligations guaranteed by U. S. Government
9
Other securities..—.—.
—3f360
Reserve with' Federal Reserve Banks
10,236
+4:294,722
—102,547
24,147,893
federal Reserve notes....:—
toU. S. Treasurer—gen,
preferred stock___Feb
Corp., 4%
§3080
15
'
888'
+
+
1,106
-
Liabilities—
Member bank—reserve
Feb
1st mtge. serial eVas..
.Feb
1
Niagara Electric Corp., 5% preferred stock.
Feb 14
Burry Biscuit Corp., 6% conv. preferred stock.Jan 14
Butte Electric & Power Co., 1st mtge. 5s due 1951—Any time
+ 3,034
—
429
.
.
Loans to hanks
Creasury
»
||| Liabilities—
Deposits::0toto;* to'
1
Co.—•
—
Buffalo
$
Treasury certificates of indebtedness..——
138,086
31
1,515
+
".•V;,rv^.:'• 44,224,12)
assets
6
62,330
+
+
66,530; 4
:
—
—•
12,596
*-+191,352
—
.
——
Other assets
+4,422,238
+ 58,026
23,50Jtoc9
and securities..
Due from foreign banks—..
F. R. notes of other banks—
Bank
of
5Vas
5M|.%' bonds.—.Mar
A
Bridge
B'luffton College,
(
Other loans—1,708
Uncollected items
series
1954
Electric
&
Chamber
Columbia
dOtiier loans for purchasing or carrying:. -.
U. 8. Government obligations**—2,252
—
—
Other securities—732
Real estate loans^—
loans
Gas
due
fund 3Va% debentures due 1960
Sinking fund 3 % % debentures due 1970..—
Atlantic Refining Co., 3% debentures due 1953
+ 8,492
"
industrial, and agricultural
loan8^—7,275
Loans po. brokers and dealers for pury
chasing or carrying:
U. 8. Government obligations.——.
1,636
+106,201
-
Total U. S. Govt, securities
Total
1
1
Sinking
1945
S
—108
—
3
Loans and
8,056,711
1,404,700
'Certificates
Bond?
..Mar
,■
Jan. 24,
Jan. 16,
^Commercial,
-r
—
23,
Assets—
190,036;
+
60
—
'
Increase ( + ) or
Decrease (—) Since
Jan,
12,888,234
-
Notes
moitgage
6V2S
Allis-Chalmers Mfg. Co., 4% conv.
Gas & Electric Co.—
millions of dollars)
(in
^
.
310,030
: 1,783
XT. S. Govt, securities;
—
-
+ 16,891
+102,885
356;110
•
advances—.—
loans
Bills
.1
American
'
,.^e
+
17,982,989
gold ctf. reserves—
,-(
314
7
Virginia; Pulp & paper Co., 4</a % pfd. stocks
Feb 15
Wheeling Steel Corp., 1st mtge. 3Vis, ser. C, due 1970_Mar 1
City, $96,000,000 in the Chicago District, $56,000,000 in
Kansas City District, and $50,000,000 in the San
Francisco District.
A summary of the assets: and liabilities of reporting
member banks follows:
580,300
—-
.
794,424
—
and
1
ry
West'
the
1945
Redemption fund for F. R.
Industrial
1
.Mar
——......Feb
Refrigerating & Warehousing Corp.—
mtge. 4 Vis, due 1948
—
Victor
.
.658300*
to
Jan, 31,
1946
frthef' cash-
1950—.,
due 1974
series A,
Chien-Marquecte
Utah Power &
districts, including decreases of $294,000,000 in New York
A
.
Jan, 30,
Discounts
ref.
&
du
mtge.
1st
4.005000
.658300*
.to.562900^
-Decrease (—) Since-
"v
toto'v
Total
Increase(4-J or
<
—
.....Feb
.
r
due
1
.904375
;
1
1
$1
of dollars)
thousands
Assets—
-
Feb
—
ENTIRE ISSUES CALLED
...to--,
notes
A
5s-6s,
bonds,
■,
•
Gold certificates
466
of Southern California—
*
Reserve Ranks Combined
,
1
*
........Feb
3.227000
4.005000 '
.562900*
(In
1969___1———Mar
due
A,
Terminal
.903750'
4.005000
.658300*
' ' '
72
•
Society of the.Sisters of Charity (Lewiston, Me.)—
1st mortgage 4s,- due 1959—
-—...Feb
.379324
3.227000
.903750
3.227000
lien
Seattle
,205800
.206816
.379327
.909090
.903750
Statement of Condition of the 12 Federal
'?
series
1
1
1
Co.—
mortgage
Rochester
.
r *
5s,
3%
Finance
1st
.008408
,
Apr
l957_Mar
1955_Mar
Ry.—
leasehold
and
mtge.
Prairie
P 4.033750
y:y
fee
1st
,
.906875
>f"\to;A': Vto;
^Nominal rate. ■'
Arkansas
&
463
1
and
A
...
debentures, series A, clue 1951
Pennsylvania Gas & Electric Co.— .>
.909090
.569800*
;
.379327
.
4.005000
pound—
South Africa,
series
1949
3%
.to'. '.■to .569800*
.008410
.008410
.909090
.909090
to;
nyri
.301215
,379327
3.227000
•"to.
.904166
pound
.569800*
v?.to
3.227000
Noncontrolled—.—
:
Ohio
.060602*
to/to .906875
"4.033750
.301215 to to
..
.379327
.909090
-to
,
.008410
.301215
•
—
—.—
■:V Controlled-—
.
1st
.051802*
.909090
.906250
to
4.033750
to
.205800
.379327
Uruguay, peso—
.
to
'/
;
.060602*
:;,05180?»v
.909090
.569800*'
,
to
,008410 ;.
.
.205800
•——;..i
Official—
Zealand,
.022841
'
.906250
4.033750
,301215
Newfoundland, dollar—
Union of
v"
bonds,
...Feb
Telephone Co.—
4Vi% 1st mortgage bonds, series C, due 1961....
Narragansett Electric Co.—
; ,V: ,;v'-.-v'
3.214113
/to
.022841
?'..
.051802*
.
.909090
to/.569800*
to
4.033750
rupee
peso_.
Free
'to
stock
preferred
conv,
Missouri
.251247*
,:■
3.214113
.060602*
'
to'
.051802*
.906250
.569800*
peso—
(British),
.251247*
■•;-,02284r| to;
.909090
.906406
Netherlands, guilder—
New
:>
....
England, pound sterling
France (Metropolitan) franc——
Mexico,
/'to
3.214113
•
,
.060602*.
.060602*
to;to; .051802*
due
B,
mortgage
1st
,297733*
.297733*
:
.251247*
'
-
Colombia,
.297733*
•
.022840
.022840
.060602*
Canada, dollar-r- Official-..-.,——:
India
3,214113
/
'
.022840'
.051802*
Free—..
to
$3
Lutheran Hospital Society
1st
ref.
2s-3'/2S1 series
Jan. 31
Jan. 30
.'
Co.,
Maryland Theatre & Office Bldg.—
.297733* to
;
.251247*
3.214113
'
3.214113
Official-—.—.:
-"
to
.251247*.
..
Janv 29-
■
$
tototo
.297733•
,.
■
Belgium, franc—
Brazil, cruzeiro—
-
'to Jan. 28to;v to:
3am 26;
-
>
...
Argentina, peso—
1st
Value in United States Money
to/:.;
Jan.25
Page
Date
Illinois Power & Light Corp., 5Va% deb. bonds due
International Paper Co,, ref. mtge. 6s, ser. A, due
Louisiana
-
!
,
Hygrade Food Products Corp.—1st and ref.
mtge. conv. 6%
i
,
.
,
Empire District Electric Co., 1st mtge SVas, due 1969__Mar 1
Eversharp, Inc., 4V2% cutnul, conv. inc. dobs., due 1965_Feb 23
162,
692
*
'"■"''•'Per' 'ft*'
DIVIDENDS
.1;
Share
Name of Company
Derby
Electric
&
Gas
'jftft.;''ft;, il tft', 'ft', - 'ft '' 'J;
Holier1
When
2-20
ft ft; 2- 6
•
'ft
New
Diamond. Ice
grouped in two separate tables.; In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
are
declared.
^
*
*
•••
-
•
...
;
~
•"
...
'i''"''Js
-1* '
of Company
6%
(quar.)
preferred
5%
-
-——.
(quar.i
Eaton
Kid
$3
Co.
Elgin
(quar.)
Manufacturing
Arch
25c
2-
5c
2-1
1-22
Falstaff
75c
2-1
r-
1-22
Firth
20c
"•:'4rftftLV.
3-13
ft-; 3- 44'
2-20 r
American
Cryctal Sugar,
Factors,
Ltd.
American
Hide
American
ft
(quar.)
Leather—
&
preferred
convertible
6'r
American
Indemnity Co
Metal Co., Ltd.,
American
Meter
American
common...—.—
News
American
"American
Pulley' CO.
——
$1.75
Extra
Common
______—
Radio
Baltimore
Extra
Commercial
-
Quarterly
ft.
;
—_
JBarber-Ellis
Extra
(N. Y.)—ftftftu)
preferred
preferred
74
5%
Class
2-
2-28
2-1
ft;
bearer
(final),;—
registered
(interim)
Ordinary registered (final).
54
preferred bearer (s-a)
3-
2-20
1
"
1
2-23
f
2-15
$2.50
2-11
-
2-
4
7d
4- 5
+$1
Pipe Line Co.—_20c
Bullock Fund, Ltd
_____——
—« ] •
20c
Budd (E. G.) $5 prior preferred ,{quar.)4__7C;ft $1.25
3-15
Burlington Mills Corp, com. (increased quar.)
7d
2% 4
—'
Buckeye
74
35c
$1
(quar.) __________________ft_ .4
preferred
preferred
44-
3-
1
2-15
3-
1
2-11
2-11
Laura
.
>s
class
Canada
B
Ltd.
Co,
Malting
1-31
■
■
9
(J.
7%
preferred (quar.t
Ohio Light & Power—
*
2-12
3-30
2-12
3-20
2-13
2-13
1-31
50c
2-11
2-16
.ft
6%
2-
6
4-
3-
4
5
$1.25
3-
Life
100
ft
2-1
4
common.
i30c
•'
2M
9
2r
3b
1ft,
1
2-
Storkiine
ftv
■
3-15
25c
62»/ac
.
4ft 1
ft
25c
ft
1-
5
5-15
4-
5 i
8-15
7-
5
10-
5
2-
1
-
11-15
25c
3-1 ft
f20c
Transit
Taylor St Fenn
Co.
8-
1
16-26
■:..:.; 1-15
2-15
2-11
11-
25c
ft
:4
2-
8
$2
Union Asbestos
vft
2-
4
Union Bag
1-28
1-31
United
2-11
ftft- ftft
236-
(quar.)
preferred
—
Chambersburg Engineering
Chase
(initial
Co.
Candy
,
1-26
3-
2-15
U.
S.
Graphite
-
;
Corp.
Co.
(quar.Vw-v——v'—
Chilton
Baking," 7 fr
3-
1
2-15
,U.
S.
Leather,
$4
3-
1
2-18
S.
Playing
„
(quar.)
RR.
(quar.)
Cleveland Electric Illuminating Co, com.-,,
City
$4.50
Cleveland
1
ii.
Shoe
United
8-31
3- 1
5c
t3c
3-
2-15
2-11
2-11
;
r: 2-
47c
'
Co.—
ft
$1.75
50c
50c
special
preferred
conv.
Pictures
Columbia
,
16V4C
f_—,4
———
—
(Toronto)
Life Association
25l/sc
+
V2C
$$1.50
2-25
2-
9
3-
3-15
9
f$1.50
.r-
Consolidated
Laundries
Consolidated
Paper
(N.
(quar.)
(quar.),
Y.)
Corp.
6-10
9-15
9-10
JS1.50
3-15
25c
3-
3-
1
'
Co.
2-18
Paper Co.—
50c
Quarterly
2-27
2-12
3-
1-31
—
Corrugated Paper Box Co, Ltd.—
5%
$2
.
Deere
3%S>
Cork
&
preferred
Curtis
$4
Co,
preferred
Seal,
—
&
Delaware
preferrd
—
Co," 7fc
&
4.
preferred
Life
Monarch
Mass.).
U.
.
10c
2-15
-.'..2-15
.
ft
Insurance
(quar.).
17%c
15c
■
2-25
2-28
3-1
3-15'
3-20
4- 2
$1.25
——44.*
3-1
3-18
$1.12V2 \vv3-
62%c
,4-*.—
ft ft 3- 9 ftftftft:
2-15
1
ft-:2_ 9 yft;
Card Co.
2-1
,
.ft-'3- 1 '4;
class. A—50c'..:;^.-3rl5
(quar.)
,
,
50c
—4—,_>ft444,Si-;ft:'-ftft'"'.ft$i' ft
Acme
1
Automotive
Container
Corp.
National
Lead
7ft
3-
1
Stock
2-
5*'
Selected
1—,,
2-21*
National
1
3-
8
Neisner
3-
1
2-
9
Nestle-Le Mur Co.—
2-26
'$2
partic.
1
pfd.
A
2-15
;;f3-16 l:?;i
3-16 ft-;:-'
2- 8 ;;v
2- 1
•
4-1
4-1
4-
3-
8
4-
3-
8
4-
3- 8
ft
1-29
Wellman
Extra
Wesson
ftftft
.
3-16
3-
3-15
.
1
2-28
50c
2-21
■ft ft
15c
3-
ft. ft
,———
3-
25c
3-11
$1.75
3-15
2-25
1
2-7
2-
(quar.)
;
ft
Class A
Woolworth
2-15
1-31
2-15
1-31
Ordinary
6c
2-15
1-31
Ordinary
53y8c
ft
•
- ,ft .V-.'.'ft
ft ft
(accum.) 4,4—1_—4.J44"
,
5-15
5-
6
York
20o
3-
2
2-14
;7%
25c
(quar.)—
3-15
2-28
15C
*3-15
'"3- 1
7%
Young
,
:
xftft-4ft7'.
(quar.),
4%%
Products
pfd.
2-14
v
(quar.),,
2-28
2-11
"ft 2-11
;
,
.
.75c
6d
^
Mills, common (s-a)_
—:
(s-a)_——_—
preferred (s-a)——
_
1
1
2-15
3-1
2-11
3-
35C
1
2-15
2-15
2-11
3-
',-ft ft''7''.'
1
3- 7
1-31
,
3- 7
1-31
120c
2-15
2-
t$3.50
2-15
2- 5
$$3.50
2-15
2-
75c
2-21
2-11
50c^'r *3-15
2-sa
(irreg.)—,4
(quai\)-"_-irL~"*-7
-
-
,
'ftft
2-15
"ft" 2-
2-28
$$1.12y2
■
'■
2-14
25c
25c
—
Orchids
1
;.'ft1;,'.ft
(quar.)—,—,.
1st preferred
(Thomas)
3-19
1
•
ft
2- 9
W.V & Co., Ltd.— r
ft
'
7V'
(final)
—4^^,,-——*,4—. '*Xs9d
Youngstown"Sheet'& Tube Co.
2-15
U
2-15*.'
ft 2-15
40c
(F.
bonus
43-
1,—10c
Candle—
1
ft
ft7
(irreg.)
Knitting
2nd
3-
2-15
' 3-1
2-28
7
,
2-15
1
y.; 3- 1
v7*'-'" 'ft:
$1
3- 1
Lake Manufacturing Co.___—_
Baumer
18c
(quar.)—,—
„
Wilkcs-Barre
Si
Ltd.,
Chlorine
14c
ft
—
pfd.
(George)
Westvaco
Will
—
Snowdrift—
convertible preferred
Weston
8
Corp.—
—,
ft——44_^——: 'ftftft4- 10c
,—4,———ftftft-'ft 5c
Oil &
3-
-Co.,
Westinghouse Electric Corp., common
47,
7%
partic. preferred______,___,__4_,444
2-15
1
50c
96c
(quar.)
Co.
Engineering
'
*
ft
2-18
2- 8
•' ftftft-v. $9 ft
: ' 50c ,4
Co
2-15
3-1
20c
Electric
3-11
2-15
3- 1
'
$1.
ft
•
West Coast Life Insurance Co.
ft
2-15
!;>/' 50c
(quar.)
$4
&
■ft 3.
'$15c' ft! 3- 8
75c ft : 3- 1
ft*,
;
(quar.) 4,4
common.
Railway
Pump
Wayne
Co.,
3-20
3-2
50c
Corp., $3 pfd.
,
3-14
•
50c
Corp
2-
$1.25
3- 9
2-20
ft!$1.75
(initial)-,
50c
$31 Vie
$1 "
.
__4—
& Iron Co. (quar.)___
Mines, Ltd. (interim)—.
D.)
Washington
ft
'
v
(quar.);
Petroleum
Warren
50c
'
preferred
$4.50
1-23
1-28
2-15
(quar.),
*—
4% ft
(S.
Warren
1-23
Co.
Warren .Northam)
2-
(increased)
Inc.
Coal
Virginia
ftWaite Amulet
3-
—
3-15
3-20
(Del.)
series
4-
Co,
1
2-
Chemical
2-
'
Co.—,—,4
Research
group series
Tea
2-
2-15
'•'ft-
Fibers
&
50c
r, rii;.
Co.
series
Bros,
2-15
.
Co,
stock
Preferred
3-15
2-19
25C
Vlck
1
yyv • $2'
(quar.)
National
93 %C
2-
(Springfield,
Mortgage
Co.
1
3-
Corp., common.—
M
2-
,2-28
3-15
15c
ft
,
$2.50
—4,—
Loan &
7
1-28
25c
$1
1.
:••
,2-11
40c
25c
ftftft
4
2-15
3-1
ftftft
-.ft'lft 75c
—
(quar.)
35C
(quar.)
(quar.)
(quar.)
-
ft 2- 4
1
2-1
ft.y Van Norman. Company (quar.) J^i4,4i_-_444--: ft1!
Vanadium-Alloys Bteel (reduced) ^4
2-15
2-
ft.ft
,
"
$2
ft./.;;.,;. 7% preferred (quar.i
t;. Universal Products Co.,
,
(quar.)
Muskegon Motor Specialties Class A
National
ft.
(quar.)
common
(s-ai
Montreal
Common
preferred
Insurance
shares
75c
—
(quar.),—
Hudson Co.
8ft
25C
(quar.)——<
common—
(quar.)
$$1.25
Publishing Co.—
prior
dividend
$2
Life
National Securities
(quar)—!
preferred
Crane
Crown
Mutual
Steel'Products,
5-19
2-15
2-15
100 ft
Metropolitan Industries Co.—ft
6ft
preferred (accum.)_^ft_———44—
ft Allotment ctfs for 6ft preferred (accum.)
Metropolitan Storage Warehouse Co. (quar.)
Michigan Public Service Corp.
(quar.)
National
(quar.)
Consolidated Water Power &
8
2-15
1
25c
2-
-• -ft:
,,__4—i'
12-10
12-15
40c
Quarterly
Co.
6-15
$$1.50
—————
Consolidated Edison
——4,—
,*
8
3-1
75c
(s-a)—,4——
dividend
Midland
3-18
—
Quarterly
Quarterly
Stock
Assurance
Midland
preferred-^
Ltd.
Confederation
87 %c
•./v,. 75c
4,,—
Corp.—
$2.75." convertible
Commoil.
(quar.)
Fire
Extra
A
3-1
3-12
Merchants
ft ".'ft
2-14
20c
non-cum.
United States Steel
1-31
1
3-
$6
-
7
gtd.
(quar.)_44-——
7%
guaranteed (auar.i—
Colorado Milling & Elevator, common,,—^,
$3
•V
Publishing Co. (increased)— ■l;ii 25c
Corporation, common—,44 rftft 20c
ft
$1.50
preferred'(quar.)——
$5.50""preferred '-(quar.^u4ft_ftft4i^,4uftft $1.37 y2
2-
McGraw-Hill
T
&&
9
2- 5
3- 1
3-1
4- 1
50c
1-2#
-
2-28
37 %c
#;ft
ft-'ftvft-;
3-20'
.v
.$1.62%.3* 1
3iy<c
2-15
—
Machinery ft (extra),
Extra
Mead
15C
;20c
$1.12%.
Pittsburgh
&
>$l"
'20c
preferred
preferred
----
ftftft;
2
11-30
$t
Co.—,
25C
(quar.)
quar.i—
'Chesapeake
,
6
h
9-12 ft
.
$6
-
1-31
__„,4_,—*—,4^—,ft $1 ':",ftftft2- 8
Annual
1-31
■
$1.50
j
2-21
12 %c
2-28
12%c ft-. 2-28
Products, Inc.—
5%% conv. preferred (quar,)
United Air Lines, 4%%
preferred -(quar.)4
ftftft United Life & Accident Insurance (N. H.) —
3-15
(initial)
Ltd.
•-2-"$ :;;.2-'ft2.V4'ft
25c
12-12
50c ftftft 4- 1
25c
1-31,
,
*
& Paper Corp.
3-10
Gardens,
ftft-ftftftft;
Aircraft
f50c
18 %c
•
—w
-
Leaf
8
1-22,
6-12;--
:'
$1.37%
Si Rubber
25c
Corp, common (quar.)————
ft
4 % ft
preferred (quar.)
4ft—4^:' $i.i2y2
35c
May McEwan Kaiser Co. (quar.)
Mayfair Investment (Los Angeles)—
^
Quarterly
;
.
ft-' ft:- 25c
•fft.. ft'5%% preferred (quar.)
2-11 ft
2-15
$1.25
4—
—
3-
Elevators, Ltd.—■
preferred.; (quar.)i^4ift.^,—^ ft' .ft:.t65c .3- 7
Truax-Traer
Coal
Co.,
common
—25cft
3-11
7-26
1
25c
(quar.),,,,*.—
Refrigerating Co*-*
preferred, (accum.)
Manufacturers Trading Coip.—
75c' preferred. (quar.)
■'
'7-:ft
Toronto
1
2- 1
\
8
2-20
Oil
Tide Water Associated
4-+J
30c
—
ft
•
3-
3-20
(quar.)___
1-26
5-
$1.50
—4,,—___4
i::?M
3*«.: 8:.'-.'
;
5-15
4-15
!
(qpar.)
Corp.—
30C
(quar.)
1:1
3-
2-15 ?
10c
—
Corp.
2-1
30c"
preferred
3-
-
2-14:
25c
30c
ft—44—
'!-3-T'.ftft;;-
■
2-20
4444—_^,4*.^4—.*,4ft"1
Syracuse
(Fort
—
;
2-28 ft;- -ft-'
3- 1 7ftft::ft;ft
3-15
'
ftStromberg-Carlson Co^ 6%% pfd* (quar.)—
Struthers Wells Corp., $1.25 pfd, (quar.)—
Superior Tool Sc Die Co.ft Swan-Finch Oil, 6% preferred/
(quar,) 4——
4% 2nd preferred (quar.)——
Sylvanite Gold Mines (quar.)
3- 4
>P 3-21
2-15
25c
2-15 ft
t20c
i$1.50
(quar.),——
_______4
-ft
Furniture
Extra
r
•ft
:
2-15
■j*.
37%c
—
StonegBi Qbko &> Coali Co*
IX
6
7
3-1
.****«_i._ft,4,44.,4_4—,4444w«—— -ft •
(quan. )» •*'- -n-r -Y- 1
SOouffisv €orp»- fquaanL.-'■ :
2- 6
3-
■ft
2-15
2-15.
Ltd.—
(quar.)
Canada
,
50C
Standard-Coosa-Thabcher
1-24
;
2%c
10c
.
Common
.:•■
2-15
ft: 2-r^
+$1.75
'
Co.
4-,^-*
Common
1-22
4
2-28 jft
$.0213
4-
(quar.)
Insurance
Refining (ffuar.)
partic.
8
2-15
3-1
3- 1
3-15
3-15
$1.25
ftftft! 25c
v-
'
Common
25C
1-20
2-
Accident Insurance
(Detroit) —.
ftft
;
Quarterly.- ,4__4—4—44——^4*4*44!
-;36%c" :-v 3- 5
Standard Fofgingr. Corp; (quar.) _4—18%c
2-28
Sterchi Bros. Stores, Inc., common—— ^
25c
3-12
1-18
1-28
3-20
■'
ft"
4
■ft' 3-
4- 1
-'"4- 1 ft
15c
3-20
«
Standard
•
-
58%
•
,
Power, com.
preferred (quar.)
Sovereign Investors
6%
'•
ft;.
,
25c,
(quar.)
preferred B
Southern
1-22
2-21 ft-i
2-15.X
3-1
3- 1
3- 1
50c
*
(quar.)
;
California Edison Co.,
:
2-15 ^
4-15
2-1
3- 8
41%c
preferred
Southern
1-31
■
2-20
—,
$2
;7'
ft 2-1$ '
.
3-11
1 .7
2-21
1
90c
4
4
■"73* I"7'
$1
Masonlte
V "$1.75
4_
2-12
3-30
Manhattan
Maple
40c
Central
2- ♦
■
3-30
ft
$1.25
;
non-cum.
ftx-. 8ft
28c
common—4,,
Co,
I.)
preferred,,,—4—,^.
4 V2%
Corp,
3-11 ft
3-
4 37VaC
4__ft4ft
Metal Products,,*.—.
$5
■
3-14
f50c
8
-
ft-
62%c
-
(quar.)
Extra-
(qi"»r.."r__-__-,7_-'
2-11
2-
ft
2- 7
10c
__J_,4„_4,ft——4
Candy Shops, Ltd,
National
Macmillan
_
3-
lft-
1
■
_Trft
ft,
Quarterly
Quarterly
Quarterly
Lyon
2-26
Foundry Co., Ltd.-*preferred
I281/10c
Canadian Fairbanks-Morse (quar.)'—,*;,
$25c:
Canadian Locomotive, Ltd.,^^——"
t$l
Case
'
partic.
Carrier
3-11
2-11,
2-11 4
*,ft'12%c;:ftftft3-i5ft
Reed-Prentice Corp.: :4^444»4_^__l,44!.-,»«4^ft4
50c
ft 3-1.
Remington Rand, Inc., common (quar.)__.
-30c ft 4- 1
ft 1 ■ Stock' dividend '*._4____w4____—__5% ft . 4-, 1
$4.50
preferred
(quar.) ,ft,4,4444^44»«
$1.12% .
4- 1
Sagamore "Manufacturing Co.
(quar.)ft.,*,—..
$1.50
1-20
Schulte (D. A.)
Inc., preferred*.-,——
k > $1.87% '
3-15
Simon (H.) & Sons, Ltd.; common (quar.)—
$30c
3- 1
ft 5%
preferred (initial quar.j,,,
,,—4 4$1.05y2 ft
3- 1
Sivyer Steel Castings Co.
25c
2-22
Southern Advance Bag & Paper—
..
;
•;
Wayne)
1-22
Canadian Car Si
$2.10
3-
ft
' Extra *,^4—4-44—4—
-
2-11
3-1
3- 1
3- l ;4ftft
ft;
'
(quar.)*
(Pittsburgh)
ftftft
2-"l
;
8 Vc. preferred
(quar.),^„„-,_-^«,*^.«*»
ft 3-15
Rapid. Electrotypei (quar.)»i,T«4—.-—.*—4--»37%Cv... 3-15
ft'
0
(S. A.)—
Secord
Lincoln
•(quar.).^,,^,*-^-—i,,—$62%c
2-
Rand's
;
1-28
2-11
ft
4-15?
,
$1
}5c
.
(monthly
-ft,;
ft 4-10
3-1
3- 1
.
f75c
Colorado—
ft:
ft
2-20
3r 1
"
(monthly)
Quaker State Oil
1-21
1
4
25c
'Common-
1-22
27%c;
25c
—
1 i-sft
$1.25
Co.* (quar.)____—
■ft.' Common
-
3-1
2-15
1
ft:
$1.50
Common
,
'
54
v-'ft
________
of
2-15
87VaC
(quar.t
preferred C. (quar.)
Campbell Wyant & Cannon Foundry
Canada Bread Co, Ltd.—
,
<r
Consolidad
1
Service—
4.44
4
Common
2-15
I80
7ft
2-21
./
1'4
of
,
4 '
2-20
v
37y2c
ft_u
5
2-25
'ft;,.. ;25c
(quar.)—___
8
2-15
2-9
' 3-1
3-31
'3-31
3- 1-:
3-1
$$1.50
Ltd
Co.
% /5%. preferred
2-15
•
3%
L.)
Brothers
1
3-
flOc
—
(increased)
3-
Mines,
preferred
preferred
6Ltl
1-21
3-
$15C
Stock
(F.
3-
75c
'___
.
Water
California
Co.__,_
Co*
2-
5-10
$1,37% ft;
4
,
7%
preferred ft (monthly)
:
Public Service Co. of Indiana, Inc.—
•
3-15*
2-
■
25c
preferred B (quar.)
Lake
Pacific Title Insurance Co.—
(quar.)
$1
1
I-ft
3-
,4
$1.25
4—
ft-
2-
$1
deposit receipts—,,
the Woods Milling, com. (quar.)
preferred (quar,),
Lamson &, Sessions Co., common,,,
$2.50 preferred (quar.)
Landis Machine Co, common
2-26
5
2-28
Common
1
25c
American
2-26
4-
2r26
t-Vr
2-
2-15
4-
'
:
t lOd
_
5
California
1
•
Lr,
3-15
Packers,
,
_____
preferred (quar.) 4—ft, :
Koehring Company (initial)
Kysor Heater Co. (quar.),-,,,,,,,,,-,—
"
2-26
Columbia
ft
4
•>• 5ft
2-15
;
s:K
"British
1 7
3-
5%
■?
Kansas City Stock Yards Co. of Maine—
2-15
3-2
—,—
i
Ordinary
5ft
2-11
,
2-25
•
Ordinary
3-
3-15 7
25c
■
2-11
4 50c
1
(extra 1
3-15
ft
75c
"ft;ft':ftl5c4
Fund, Inc.-;
Co, 5ft conv. pfd. (quar.),
Jaeger
Machine' Co.ft_*ftft,_444._44ftft444ftftiftft
Jersey Insurance Co. of N. Y. (&-a)__4ft,ft
Jones & Laughlin Steel Corp, com.
(quar.)
5ft preferred A (quar;)____
4
2-20"
3-11
Steel
Jacobs
2-21
*28c
8
Bay Mining &
Investors
Kab^
.
2-
,„4_,
Co.
common
Inland
-
1
(Bait.)
5ft pfd. (quar.)___
International Silver Co.
Water
J.)
Public Service
2-15
3-
$1.25
(quar.)__T_,,_
1-28 ?
'
50c
(quarj
(quar,) ,4.-ft
(quar.)
Y.)
(N*
Proprietary
1-15
1
ft;ft" 3- 1
■ft-7 $1
B
1-28
,
2- 1'
$1.50
ft.
Co.
Rubber
&
2-
15c
_______
r
2-15
*—~—
British-American Tobacco Co.* Ltd.—
v
1
•
ft
,
:
ft
1-25
:' 2-
,
25c
Co.,
Corp of Canada* Ltd.—
1st preferred (quar.)
;
% non-cum. partic. pfd. (quar.)
6
J7c
Corp;,. common,,,,,^—
(N.
&
4;
2-9.
' 10c .ft ,2-20
ft
ft $1.25 ft
3-1
SVa?c prior pfd.; (accum.)
$1.50-class A pref. (quar.)
Class B (increased)
1-15
2-1
62 %c
(quar!)
Insurance
Hardart
&
ft:
common
2-
3-1
14c
Princeton
Imperial Tobacco Co, of Canada, Ltd.~-v:;;-Common (interim)'
Common
(final)
44.
ft Preference (s-a)ft4ft_,_^ft^____
Indianapolis Bond & Share Corp.__*.___—__
5
2-28
'
..
Ltd.—v.
(increased)
Fire
$1.25
,
ft
.
2-19 4ft'
2-25
3-1
2-9
ft 3- 1
25c
$1.75
.
Power
"
A
preferred
(quar.)
Pittsburgh Steel,
1-31
82 %C
preferred '_4-ft^4__44__4.i.__*.4-i—
$50C
Smelting Co, Ltd.,4
Humble OH & Refining Co. (quar.)
W. 37%c
Illinois Power Co, 5ft conv. pfd." (accum)—ft
$1
2-15
•
2-15
75c
Co.
Chemical
Hudson
1-28-
: 3-154
:;4
15c
Glass
Co.
•
(interim),,,
Howard Stores Corp,
'
$1.25
$1.75
__.,,_4Ltd.
Insurance
20c
$1,50
1-31
(quar.)
ft 4ft ft preferred
1-28
2
$1.75
com.
2-15
-
2- 8
30c
Brager-Eisenberg
ft;
2-15
12 tic
(quar.),,
Hose
Heyden
8
$1.08%
(resumed
Co.
ft.:
Horn
3-15
75c
$1.50
—
Woven
Boston
•'ftftv
.
Co.
B
Borden
Hazel-Atlas
ftft
-4
__
1-22
ft'' S Vi ft
.
;
1-22
1
Watch
2-
2-2
15c
Fire
!•-
2-19
3- tft
3- 1
3-11
'2- 1
2-25
15c
preferred (quar.)
j.—,,4—
Aircraft, 60c conv. preferred-—Pitney-Bowes,
Inc.-- (quar.)
Pittsburgh Coke & Chemical Co.—
1
$5 preferred (quar.)-,,*,,,^,^*.^-^,*.!.,
2-18
1:4
$2
conv.
1.44
1,
8
2-
75c
,
SI.75
$1.50
,4
(quar.)
6%
8
2-
1
3-114
(quar.)_________
Co, common
preferred (quar.).
Hammond- Instrument,, 6ft pfd.
Harbor
Plywood Corp.
(quar.)
4ft
2-11)4* ftft 4ft
2-14
common——
Brewing Co.*
Top
preferred
Mines,
Hamilton
Co.
6%
Tap- & Die Corp.— .:
Homestead
2-
(quar.),——________—._
preferred
Hallnor
(quar.),,
(quar.),
Pharmacal
;
50c
Light—
nor.-cum.
preferred
1
2-15
2- 5
2-15
2-15. ;ft- 2- 5
2-14.
2-21
2-21,ft .X2-14
-ftftft
'ft"ft
r
•
11-
■
$1.50
,
5-T-44;,ft
8- 1'*v.:
.
I'} 3-15
50c
Public Service—
preferred
Poor
444—
4,,,*.,,,-,
..-'ft'',,
8-vftfti';7
8 ft7-:'.:.
2-
8-14
'-'.'ft:-. $2
Piper
ft
2-
_^4-~4,4„^,j.-44,i'
(quar,),
Gas
2-14 •• 4ft
25c 4'ft
:|i2%c.
!V "
—
Light,
&
1
•>
(s-a)-.
$1
preference common (quar.)
Philadelphia Suburban Water Co.,
%
8*
30c
,-4-_
Corp.
"
(quar.)—
Power
Blaw-Knox.
Blue
Corp.,
preferred
Hills
^
,
(quar.i
Steel
Bethlehem
Black
29C
ft,^
<2-20
S
U2%c
(quar.)
(quar.)
Co., common.
Howell
&
4Va':c
3-
ft
(quar.)
preferred
1st
preferred
1
,25C
;
————*—
$3 prior
Bell
:
(quar.)
Beaux-Arts Apartments, Inc.—
$6
(extra)
•
preferred
————
Canada
of
Co.
•4;"'ft5Cv \
—-—-r^
——__
Bankers & Shippers Insurance
.ft-
3- .4
3-
..
,
Y.)
(N.
Coip.
'ft
3-
f
2-
3-
35c^
s
Hajoca
1-25
3-iaT
4-3-
(interim)
shares
American
Bankers
ft-
1'
1
2-
30c
-
6ft
9
1-20
$5c
Inc.-ftft.—1——,—
2-
14ft:
2-
25c
—.4.-1,
de Los Andes—
Banco
Common
6ft
:
1-25
J'4; 75c
(quar.)
Show,
2-
993ic
preferred - (quar.)
Mines
Gold
1
ft4ft"'2*v ftlftfts
$1.25
(quar.)—,_:v
5
ft'.2-::-9;;.ft;
62 %o
;
5%■ preferred
Power Co.,
(quar.),,,,,,,
__4,4
Greenfield
2-9
1
3-
415C
—ft,-*,-
preferred (quar.>——-—
Cork Co.,. common (interim.)--.
Aunor
3-
25c
B—
(quar.)
Corp.,. 6'r
2-15
75c
Armstrong
Atlas
3-15
of.America, Inc.—
preferred
$3.75
class
and
(quar.
■
2-
75c
Animal Trap Co..
Arizona
(quar.)
2-15
25c
common
common
on
Co*
25c;
■
.
Union
Greenfield
.
.
f
2-21
$1.50
Co—
Co,
7'fc
-
i
2-11
25c
class
Common
2-18
2-25
3- i
Great Atlantic &.Pacific Tea Co. of America—
2-21
1
60c
Mill—
American Tobacco,
3-20
1
ft*
§
84 lie
(quar.)
W.)
Graniteville
2-
$3.50
(accum.)
1
ft
-
..ft EXtra
2-5
3-
prferred
ft
2-
2-28
11-15
—
.
,
Re-Insurance
Rolling
2-15
10c
(irreg.)—
(N. Y.)
(quar.);,,.*.
Corp
American
Grand
2
4-
$1.75
ft,.ft
8''
2-
50c
»,
3-11
'
2-15
Parlcersburg Rig & Reel, common
25c
ft.
$5.50 preferred
(quar.)
,„ft
'$l,37y2
2-15 ft
.Paymaster Consolidated Mines. Ltd.—.
2- 1 £
4,,_4ft4»*T4r_^ .ft' ft +ld
2- 5* ft .%t V »Interim.
Peoria & Bureau Valley RR. (s-a)
:
$2.25
2-27
ft; Philadelphia Co., 5%
preferred (s-a)——ft
25c,
3-20
Philadelphia Electric Co.,, com, (quar.)
4
30c
1
2-15
2-15
3- 1
f$l
.,4
(s-a)
2-13
2-15
5c
25c
Castings—
*
1,
'
$6: preferred (accum.),_._r_,__,__.4_„.
(H.
3*
$1
(interim)—
6%
Pacific
1-28
1
"
common-....'..
7ft
2-11
2-27
Ltd.
2-13
>
3-1
3-10
2-15
50c
-ft-:.
-4-4
Co. (quar.)
Manufacturing Co. (irreg.)
___•
it Outboard Marine & Manufacturing-,-,,-, ft
Oxford Paper, $5 preferred (accum.)
; ft'
2-11
t'-fi
2-
IOC
,,„4i
(quar.)
preferred
1
3-
,
^^44—
4_*4-.4,_^4,_w*_ft,
Ontario
.
2-20
,
"ft-'-
ft
Ohio State Life Insurance
ft,
1-29
3-1
50c
Washington Steamboat
Insurance
Norwich
3-14
"
$1.50
Corp.—*;
Extra
-,-ft •
ft;.'
3-14
:
3-
"ft
45c ft;
4__
,
Mills, Inc.—
1
Mines,
Northwestern
3-14
4-
25c
(quar.)
Co,
ftX-ftft
2-1$
4-15 4
25c
-
-Co.,,:
Works,
■'
1
Gas
&
(quar.) 44,-i.Ji
&
Northern
5
3- 6
4-15
25c
iquar.
(initial) _^i.4,,,.
Corp, 4ft pfd. (quar.)
conv.
3-
$1
\
preferred--
■;
Extra "4-i-4--<~ft,,*.—$4
.
2-14
:■
20c
Co.
Iron
2-15
3-25
60c:
60c
(quar.)
(quar.-)4_______
A
ft'; Noranda
y
2-
$5
Electric
0/ Rea.
2- 9
:3- 9
(qu&r.7ft___4L44'4,_____*;4_;44*.V,u4;ftft!^:;50C'1'ftv.ft5-15
A
Class
Norfolk
1
30c
Corp.___^___„
Kleiser
Gossard
1-23
•
(quar.) ,,4
Works Co.
preferred
7ft
(quar.)
Railways
American
5?e
15c
Class
-•
Co,
Holiera
Payaole
40c
(quar.)____4
ft-':A-:Class A
:
'
;_'-___4_-
A
,.
-vft
2-21
25c
~
Co.
Fireproofing
3% ft
/ x
'-Si
I 2- 8
20c
•+-'—
preferred
American
3-
■;.ft.72-;;-L;ft4ft
60C
*
2-21
4
3-15
ft 3-12
50c
35c'
-
2-19
5
Dock
preferred
Class
1-25
2-25
Co.„_,^,__,4_4_, ftftft'ftftft-' $3ftft
(quar.)
Telephone—
General
-
75c
(quar.)
&
3-
$20c
' Per " 'ft' When
Share
quar.);;
(increased
Co.________
4
$1.27'/2
Niagara Lower Arch Bridge Co, Ltd. (quar.): V'ft' t50c
Nineteen-Hundred Corp, class B -(quar. )• bz'-r ft, 12 '/2c
ft
5
2-
;4
6-29
*.-4.'
General Steel.
2-10
'■ft-.ft- 3-. 1
$1.50
1
12-21
,__^__4:"4:4ft 25c
Power
7ft
.
Sanitary-—;
Common
■.
,
<
American Radiator & Standard
1
<
——■
York State
■•ft
2-
2-15
$1.50
(quar.)
common
Morse
&
■
General
2-14*
3- 1
'
3-22
1
2-15
2-
:
Carpet
.-Foster
■:'3-sftft;
3-14
.
$2 4: 3- 1 7
250 :;ft:3-T'4;.
ftftftft
Inc.___,_—'--4-
Co.,
Co.
'
75c
-20c
bi-monthly
—.
Paper Goods Co.
(quar.)—.—-ft''
Phenolic Corp.
(quar.)-—
American
7%'
"
J
Inc.,
Brewing
Florida
,
Co.
(quar.)
General
'ft;
4-
$1.50
4_
(initial)
new
Rubber
State
Fall River Gas
2-28
-3-15--.''■'.
30c
York
5.10%
5
3-30 4ft
.4
;
3-14
•'
2-
$1.50
^4
Watch
preferred
%' Extra
8
—
—
(quar.)„
preferred
6'r
V>ft;
>
4-;-. 1
$1.50
(monthly) —;
Products
Home
American
"
64 pfd. (quar.)ftft
(quar.)--———'
American
5ft
Fairbanks
;
New
'
2-20
1
$1.50
(.quar.)
Extra
1-31
<quar.)_—
&
Bay
Eversharp,
ftY/.*
2-15
Co
American
4
50c
50c
Talc
guaranteed
2-11
—v
preferred
conv.
:
&
4ft
87%c
common .(quar.)-----:
Co.,
Aluminum Goods
ft;;.
1-31
-ft.
2-15
2-15
50C
•44'
_
iquar.)
Products,
Hose
Empire
3-10
3-
25c
__
National
2-15
4ft
(quar.)
Brothers
Altorfer
,
ft';;;..
•
.
A
Manufacturing
Electric
of Rec.
'ft.
1
3-1
.
'j ■•''.■'','-.ftft;
■■,
Light
Zinc
New
•
(increased)
Jersey
Gas
,{}; New World Life Insurance Co.4,_____,^_,44 .' ft
'
$87y3c
^_„,,,,4
,4
Steel
25c
Co.—
preferred .(quar.)——_7—,,
Allied
4-
'
'
o
,
(increased)
Eastern'Magnesia
25c
—~ft,—
Co
Wire
Allentown-Bethlehem Gas
7%
B
preferred
Quarterly
44 3-15 ..4 •2-20
1S1.25
———
-
Acme
:■■■
-^V'^
$50c
common,,,,,,,
1-28
2-
,
-
;..
S25c
':,J
$1.75
.
(accum.)
preferred (initial quar.)
Hosiery Mills, class A
Class
•
Common
Corp.,
.4'/b
Holder*
Ltd.—
c'
•
Durham
A
,
(quar.).
'
Eastern
Payable
Share
.\
,
Refineries,
Atlantic Sugar
preferred
Dravo
$
When
Per
Acadia
preferred
Quarterly,
Industrial and Miscellaneous Companies
Name
5%
week are:
The dividends announced this
:
7%
Ltd, 7% preferred, (quar.
Investments, Ltd.—
(Western),
u
>
Coal,
Dominion-Scottish
Department" in the week when
and Investment News
&
Dominion Envelope & Cartons
Britain
New
■
Dividends
ft;
Name of Company
of Rea.
Payable
■
5
5
■
ft'!
: Number
,Volurae" 163".
691
THE COMMERCIAL & FINANCIAL CHRONICLE
4461
'A
-
*
.
■
-
'
•
4
Below
Per
give the dividends/ announced in previous
we
weeks arid not yet paid.
The list does not
dends announced this week, these being
:preceding table;b: .x,,v,x
25c
87 Vac
31%o
3-1
3-
4%' preferred
x'
(quar.)
Columbia Gas & Electric Corp.—.
v
:
50c
: 1
3—
:
X '
Great Lakes Dredge
Grlesedieck
6«'
2-18:
1'
;
Industrial- and Miscellaneous
Companies
■J.:l
XX:'! Sharo
/r-\
0:0; Name of Company.
Agnew-Surpass Shoe Stores, Ltd.,
■.) 7%■
Fortlqnd
Ltd.,'
■■06%
preferred
;
XB/:,//'15C:X
;
2-
3- 5
8
:
2-15
$3.50
"
1
2-18;
2-18
(quar,)
Sugar Refining,
(quar. )_
•
3-
,
4-
l
2-
5
2-
6%
3-15
X
$2
2-
■
3-20
♦
7*'
3- 5*
4- 2
rVto
preferred (quar.)—
>1.75
75o
7- 5 /X" 6-22 >
Amoskeag Co., common (s-a)__
7- 5
6-22
:: cH-UJ: preferred
(Bra)
0 $2X25 X
3-30 ::•'•/3-1 lX-B
<t Ampcq
10c
Metal, Inc. ( year-end
20c $ 2-11 •BX/2- i,|B
B Anchor Post Fence Co.—
$18c B 3- 1 X//;2»;
Angle-Canadian Telephone Co., CI. A (quar.)
8-';X
Argus Corp., Ltd.-1-31
; 4*/a%> conv.
preference (initial quar.)—_ $$1.12 V2 1 3- 1*
Arkansas Natural Gas; 6% pfd. (quar.
3-30
3-15 15o,
x
Ashland Oil As Refining (quar.)__
B
3-30 ,.'3-18 ?l
100
'
Corp.~
w*'"
•
1-25
v
/
9334c
3-15
(quar.)__—-.'
7Vo. preferred
"433.4c
"
—
2-
5
3-
r-
0
"
.
IT
Crown Cork is Seal Co., Ltd.
1
Hotel
1-31
Crown
Corp.,
(increased)1/
com.
,
Coast
Atlantic
Macaroni
Line
RR
Co.
45c
3-
•
'!/ 3-
$1.50
X
1
.
1-18
$1.75'
$1,50
$1
2-15
—
(quar.)
——
:
■
1-25
2-13
4
"
Baldwin Locomotive Works,
7%
3-
$1.05
pid. (s-a>_
"
Baltimore American Insurance Co. (s-a)^__
10c t
/ ■-/ Extra.
B/XBB: 5c
—w———-L—
1 %
2-14
1 2-15
2-
Co.,
Bath
Trust
Industrial
3-30
3-15
4-
1
3-18
7-
1
6-18
83c
3-
1
2-
1
2-
1
4-10
"
25c
3-
2-ii
1
I
50c
2-15
50c
5-15
5-
■
50c
V
r 8-15
8-
6
37(40.
—
.
s 3-
50c
2-15
2-15
Dominion
1-25
20C
12-28
(Phila.), common iquar.)
preferred
(quar.)^—
u——
Bliss (E. W.), 5% conv. preferred (s-a)——
6% convertible preferred (s-a)—
Blue Ridge Corp., $3 conv, pfd. (optional)
Payable in l/32nd share of common stock
?
or
In - cash.
75c
Blumenthai
Bohack
.•,<■-'■
7%
(H.
(accum.)—.—
Manufacturing Co...
Boston Fund, Inc.
(quar.)
92.75
0 2*15 /i: ;;;4?i>hc/o
•
5%
3-1
2-14
20c
•
•'
$1.75'
K
3-9
2-
preferred
(quaT.)—
2-
■tX:-68%CB S; 2-16
_
50c
m
3-20
62140
1
:
B'1-31
Hill
$20c
3-15
Die & Machine
Buffalo
(quar.)—,-i..
Niagara Electric,
Bunker
Hill
Sullivan
As
bBB
5% pfd.
(final).
Mining As Concen-
59 7/10c
59 7/lOC
2-15
(quar.)—-
'
-
'-4^Extra,vi-^——
Burroughs Adding Machine
;> Extra
.^..^.5
_j
4V2preferred
(quar.)—
Electric,
Federal
Machine &
class
$1.50
California Elec.
Power
Co.,
(quar.)
5c,'o
15c
3-
2-15
California-Western
62V2c
2-15
50 c
3-15
3-1
3-15
3-
pfd. (qdar.) 1$1.12V2
614% pfd. (accum.)— |$1,62M»
4-2
*3-10
3-20
2-22
States
Life
Insur.
Co.
Canada Bread
Co.; Ltd.,. 4Mi'5»
Canada Cement, Ltd.,
Canada Northern Power Corp.,
Common
7%
tl5c
preferred (quar,)—
Vinegars, Ltd. (quar.)—
5%
-
,
Canadian Oil
2-15
1
2-28
4V2 %
*
3-15
7%
(accum.)—$$5
3-
1
2-
1
lv".
1
X
J12 V2c
2-
4-
1
$1.50
4-
1
3-15
—J .,
60c
Castle (A. M.) & Co. (Irreg.37»/2c
Caterpillar Tractor Co. (quar.
75c
Celtic Knitting Co., Ltd.
' / t20c
Central Foundry Co., 5% conv. pfd. (quar.)
$1.25
4-
1
5 '/o
X
'3-15
(quar.)
(quar.)——_
The arrears
(accum.)(accum.)—-———
Central Louisiana
Central
Chain
Ohio Steel
Belt
now
are
above issues.
cleared
..::' i..
Electric
2-28
:
1-30i;
2-15
2-
4
$2.50
T.;
Co.,
Products
1
2-15
$4
2-15
.
non-cum.
pfd
;
►
common--——
10c
5- 1
(
•
25c
56V4C
5
Co.-__
:
1-21
X;.
the two
(quar.)——
(quar.)-—_—^
preferred A
■.
.
-
.
2-13
2-
:
5?
2-15 ' X
1-18
1-18
2-
Inc.
(quar.)
Co.———
—'
25c
1-15
-7%
Brewery
B
•i
40c
2-15
35c
3-
•
t
%
1
2-25
2-
1
$4.50 preferred
(quar.)__—
Charis Corp.
(quar.)—
——L
Chase National Bank (quar.)
(Rochester),
2-
4(4%
Co.,
Class
(initial
3-11
2-20
5%
1st: preferred
1
3-13
5%
2nd preferred' (s-a).
As Rutgers
Fire
'
$1.12 Vi
15c
,2-15
40c
5-
1
3-
1
2-20
25c
New
Orleans
preferred
(quar.)
5r/o
preferred
(quar.)————————
preferred
(quar.)———-———,
$1.23
5
4-15
X
$1.25
5%
2-
$1.25
2-8
$5
1
6-
1
:
2-
37*/iC
,2-15
2-
5,
5 X
35c
2-15
'X
2-
5
$20c
2-15
25c.
25c
2-15
8-15
:, '
:
'
Extra
Graton
As
:
,
2-15
•'•!
3-
XX
75C
3-
I
,
2-13
/]X 3- 1 X
-'75c
:
1
*
1
2-
.
/
1'
2-
B
'
1' '
*25c
'X
3-
1
$2
&
X'
4-
\
l
'■
$1.50
X 3-
88 c
(quar.)„—
St.
As
Louis
Ry.
XX
X
2-13
•
2-
5
■B3-22-'
•2-16
1 XX:
f 3-13
•$4
Henderson
2- IB-
2-15
'
Co.—
37*ic
Telephone Co.
2-
3-
$1.75
1
1
/■; X.X 2-; 1
•
3-21
X
2-5
2-15
X
..
2-25
/
1-31, •/
:
3-15
2-6
XX
2-
1
1-31
% 2-15 X,;
50c
2-i5
:
1 2-15 %
3-11
/
1/2-15 /.
■
■
$2
3-13
2-25
2-25
1
3-15.
50c.
37 ViC
—
$1.25
pfd.. (quar.)-—'
//X//
30C
'30C
30c
$1.75 i-
.
2-15
X
Cylinder Gas (Del.) (quar.).——.
preferred
(quar. I
National Department Stores. .6% preferred.
National Electric Welding (quar.)
4 V* %
,2-15
4-24
5-1
v 4-24
8-1
7-25
National
8-1/
7-25
National Liberty Insur. Co. of,
5-
2-20
•
•
2-15'x- 2-5
Quarterly
*$1,7.5
Extra
Gvpsum
:■!!——
Co.,
$4.50
pfd.
B-——(quar.)—
!
: ,6-1
XX:: 3-15
5-10
2-15
'
;03-l5:l I' 2-15
2-15
75c
3
-
20c
-
$1.06
25c
2c
2c
—.
Quarterly
(
'
'*$1
%
.
1
.
$2
'
,
preferred (quar.
'•
Moody's Investors Service, Inc.— • /X::;.,.:/..'
%X/$3 na^ticinating- preferred (quar.)....—
Mount Diablo Oil Mining & Development Co.
03- 1
3-15
30c
■■
preierred C < s-a )■——C——,
Cottons, Ltd., common (quar.)—.
$1.75
(quar.)-.—
$1.75
- (quar.)
———v?/.
$1.75
(quar.) -T-r——•
Munson Line, Inc.* $4 pfd, A (quar.)
-.4 / XX//.: $1
X $1'
$4 preferred B (quar,)—,.—————— X.
"•■/
$1
Murphy (G. C.) Co. (quar.)—_
$1
Nashua Gummed As Coated Paper .(irreg.)—.
:'30c
National Biscuit Co., common ( quar.) ———..
X
$i.75
7%
prefcred^^ (quar,).—$1.75
"'••/'2-15-:'/ 1-30
l'X-7 -3-13
3-
$4
preferred
$7 preferred
X/B $7 preferred
XX/::'4-
0$-:00
;
.
$7
2-1
0- 1 /.
•
National
:
.
x:
1-31
X/ 2-18
81lBc XX 3- 1
pfd. (quar.)
: 3- 41
97 %c ::■/ 4- 1
Metropolitan Edison, 3.90% pfd. (quar.)..— /
Minneapolis-Moline Power Implement Co.—
2- 2
2-15
$1.62 */a
'/
$6.50 convertible preferred (accum.)—.—
2-28
3-15
X 25®
Missouri-Kansas Pipe Line Co., com. (irreg.)
2-28 '
3-15 ,'••/ 1 Vic
Class B (irreg.)..^,..-^——
■*$2.50 X 3- 1 rX ;3' 2- 8
Mitchell (J. 8.) As Co., Ltd. (annual)—
2-22
4- 1 /
*$1.75
Monarch Knitting Co., Ltd., 7% pref. (quar.)
/X 2-22
*$1.25, 4-1-46
Monroe Chemical Co.. $3.50 pid. (quar.)—.,. XX 87Vic Xi 4- l XX :/■ 3-4
2- 9 '
-r/'.i "50C X-X
3- 1
Monsnnto Chemical Co., common (quar.)—
$2.25 XXX' 6- 1
;,?,5-iO/
X; $4.50 preferred A (s-a)...4—
:
5-10
0 6- 1/
$2.25
"S4.50 preferred' B (s-a) —— —
iquar.)
v—ii.—u.-;,
Mullins Manufacturing—; 'X /^ ; ', NX BZB
!
,
v
Kriight Co;, 77«
2-15XX/
$2.50
A-'
—
(quar.)
.•
1-17
5- 10. 4-20
05--.10 4-20
2-15
XXX3- 1
30c
40c
''
'
s^.——X—X.—-*'
Quarterly.
5-15
'9-2
—
2-
;
25c
7%
Co.—)
'Extra
■
"
Co.
2-1
2-15
56*AC
preferred -.(quar.)'———
Graniteville
:
3-
(s-a)_.
Goodall-Sanford, Inc. (quaf.
3-6
2-26
.
pacific
J
2-15
25C
,D?v(quar.)^B-4vA—
Pipe, 8% preefrred (quar.)—_
Taylor, 6% 1st preferred (quar.):.
Montreal
25c
X
The above payment clears all arrears,
Goodyear Tire As Rubber, common-^U—
4-12*
5%
Texas
4-
V"
.
X/.
B
Insurance
1-25*
1-25*
XB ■( 1-31
2-25
3-12 X
2-15
•
(quar.)—X:___-__.i_
preferred
.
/ 2-15
25c
$1.50
t,
2-15
■/X: 2-15-
40c
V
common———.
conv;
i
5-10
5Cc
Globe
5°C
j—
20c1
.
•v
5-10
25c
2-20
25c
Co.
5-25
40c
Company
3-11
Chicago Yellow Cab (quar.)—
_r—lChickasha Cotton Oil (quar.)——————
:
Tailors Co.—
.
2-14
X 'X 5-25
Gibraltar Fire As Marine Insurance Co. (s-a,)
Glidden
9
9 /"
,
--.i——
25c
Chile
'•/ 2-
*2c
,
2-14
2:;X/;!
30C.
20c
Gimbel Brothers, new common
;
2-15
/
3-15.
25c
convertible preferred '(quar'A'-i'li—Wares, common (quar.)
Class
7
3-
.—
25c
——
'■/: 2- 9
,
,
-
(s-a)——
—
*
■
1
1
2-15 x •B 1-23
2-15 X X' 1-31
Met-fli Textile Corp.. $3.25 nartic.
.4-15.
2-15
,
47lic
Gilchrist
on
■■
■
1*$2C
■
RJerritt-Chapman As Scott Corp.— ,v;.
XX'/: ;
$1.62%
6%%/preterred A-Xquar.).——4
2-18
1
1-31
2-18 :
3-
$1.12ii
(quar.).
Merchants Distilling Corp. (Terra Haute) — /,
Mercantile Stores, 7 % preferred (quar.)—
2-15.
3-
1
30C
v
Co.,, common
preferred
Genesee
1-21
2-15
25c
&
2-
2-15
25c
—
1-17::
3-
--$4 '
.
—
Class'
Meadville
9-16
1
62%C
■
Cincinnati
10-
4-15
2-15
■
6-15
-j-,—.
Corp. (s-a)—.
•
General
Outdoor Advertising, common.... •
6% preferred (quar.)
•
General Phoenix Corp., $1 pfd.
(quar.)—__ :
$1.50
prefeifed (quar.)-
;
:
Champion Paper'& Fibre Co,, com. (quar.)_
Copper
1
1
:
3-
.//' 25c
Inc., com. (quar.)
preferred (quar.IB——
G.)
•
1-26
2-
■
7-
General Steel
Co
Extra'
BX
X
•3-15
'
,
3-15
General Metals
U
2-10
—
;
,2-16
X 2-15
1
(s-a)_^
..L_
Manufacturing
Extra
Central Illinois Public Service CO.-"-.-
[.
•
2-11
> y,
t'; 4-1'
2-15
$2.50
preferred (s-a)—B.!.!!—
X 4- 1
Lunkenheimer Co., 614%' preferred (quar,) / $1.62*/a
2-15
X:; 50c
,,Lynch: Corp;
,2-28
Madison Square Garden Corp.^..——
/Xv 25c
—
'
3- 9
20C
Mallory "(P. R.), As .Co., Inc.......
;
2-10
25c
Mara thnn Corp.
(quar.)—*"-> ....4—
3-31
$1.06 V* X
Marshall Field As Co., 4*4 % Pfd, (quar.)—4
2-15
0 $1
Massacnusetts Bonding As Insur. (increased)
*55Vic Xr 3- 1
Mclnt.vre Porcupine Mines (quar.)——
1-26
4-
6% preferred B (s-a)
General Foods Corp. (quar.)—
3-15
■
$25c
(initial)..-——
Inc.,
General Finance Corp.—,.
.
Trust, Ltd.—
•
1-31
2-19
1
3:
5%
2-15
37 Vic
preferred (quar.)
General Cigar
12-31
2-15
$6 preferred
6% preferred
1
2-16
3-
1-31
3-12
"
"Common" ,(s-a)
2-13
v
Custom
Louisville
lv ;
(quar.)-
Industries,
conv.
Gearench
2-28
(quar..
(R.
convertible
2- 8
2-20
$1.50
preferred (quar.)—..—
Louisville & Nashville RR.
1
37 Vic
\
,
preferred
Co.
Works Co., 6%
Co.
Wood
Gar
X;.
2-28
preferred B
3-15
■X
2- 2 ••X
2-15
Lindsay^ Light Ac^ Chemical:,Co.i^—i.aBB-^B; f•■ 15C
Link-Belt' Co, '-( quar.)—J //50® XX: 3- I X '?/ 2- 2 3
25c1 :■'/ 3- 1 '/ / 2-15
Liquid Carbonic Corp. '(quar.-)!,^w— --w—B_
3-1 ;
3-15
B!-: 50C "
Extra-;
/; 3- I./ X/2- 5 :
Loblaw Groceterias»Co., Ltd,/ Ci» A (quar.) B-X *25c
Lord
2-13
37*/ac
(quar,)
Gamewell
3-20
1
4-
50c
f>%
/
1
1-31
•
4
3-
2-
2-28
50c
(quar.)
'
3-12
3-11
5c
pfd. (quar,)——
(new)
Fulton Iron
1
A
2-
.
2 r
/ 3- 2 '
'
"
Lock Joint
1-31
1
3-15
-
$25c;
,
6%
Corp.,
non-cumulative
$5
1
common
1st
$4.50
-
2-15
1.12*/a
Ltd., Class A
Fruehauf Trailer
3-
Ltd.
.
1-31
3-22
2-16
2-
,/.;-: 40c
—
—
2-14"
V., ^ x
———
of Canada,
Freeport Sulphur Co.
3-
Cos.,
Carthage Mills,
6%
preferred
3-
15c
—
Foundation Investment Co.-—
$25c
Investment
,
Liberty Aircraft Products Corp. (new)..!... /
Life Savers! Corp., hew (initial)^^——/
Liggett Ac Myers Tobacco Co., com. (quar.). /Common B (quar.)—
11-15
1
3-14
1
3- 9
•■■-
1
3-
B 25c i
100%! X/
preferred (quar.)——
6% preferred (quar.)
11214c
—
4'
,2-15 4
4c
-S.),"Co^—B4——.
Leonard
\;/v\ >1;lf;/.
;6 Vo
3-20
4-15
i$l
,J
Products,' common
(quar.).——'
preferred
4-
25c
2-28
^ 2-/9
30c
■
—r-—---
<8.
Le Tourneau
8-16
10i
/
2-15
.
Legare Co., Ltd., 6% preferred (accum.)—
Leitch Gold Mines, Ltd. (quar.)—.—
5-17 !
1
1-15
3-15
—
2-15/,
'
"2-25 X
:
2-28
B
-
'
Funding rights (year end)
Canadian Int'l
preferred (quar.).
Motor Co.
Foster-Wheeler
1
3-
———
Canadian Food
Class A
'912-
Foster-,'As Kleiser ■Co.-^j,.—•■
.
4-25
—f$1.75
L—
$15c
i25c
Canada
Canadian Breweries. Ltd,
Canadian Celanese, -Ltd.-—
2-15*
1
Ltd.
(quar.
B
1
3- 1
.
X $13
a 10c
.
*
1-10 x
2-15 X
/
1
1-26
•
5- 1
7 % 2nd preferred (quar.)__J
4*—4 ~'/X $1.75
'•
2-15
40C
Lafayette Nat'l Bank/of Brooklyn!.—i.—tB25C :•■/"'3-M
Lane Bryant, Inc. (quar.)..——:-n-^B-B'
2-28
25c
Lnnston Monotype Machine * Co.
lAV-t" 2-15
$1.25
/i'; xGiass :■|B?
1-31
Extra
.
4%%
$1.25
(s-a
XX
'
6-
$1.25
30c
Ford
1-31
;;
3-
i'"-"' 3-
$1.25
—
Johnson
1-15 XX
BBs- 10
X 15C
X
3* 5
(quar.)
:•:,
'
$1.25
—
B
Ac
2-26 ■&
XX
10
3-
;
X,2-15
:
5*''
2-15/,
2-15
I
3-15
25c
'
1-18
I
:.'•
3-
25c
Corp..^^.,—
'. 2-
3-1
.
50c
preferred
in-.3-
$1.25
X
(quar.)—._.
Firestone Tlre'As'Rubber'Oo.-^'
;
1-31
93c
:
Xi. 2-11
X'/75c
—
——
(quar.)—————.1———
W
6%
2-26
>
9 ':''/-•
25c
——
(quar.)——;
Class
3-5
37Vic
common
S'A f/4t convertible prior preferred
California Packing Corp., com.
(quar.)
2-
■T
25c
Finance Co. of Amer, at Bait.; cl. A (quar.)
1-31
■
3-15
X X
(quar.)_
A (quar.)
(stock dividend)
Welder
Federal-Mogul Corp.
:-'/•'' 1-31'/•"
2-15
$50c
v:50c-;
Federal
Byron Jackson Co.; (quar.),.-...^.—;T;'x^25c
California" Cotton Mills (quar.)^—? ' ,50c
'
Extra
1-29
1-29
,/BX!/:./15C/X / 3- 1
$U2V4 : % 3- 1
■
X
3-15
$250
BX 3- 4
10c X; 3- 5 '02- 1
!/'B;;/20cB XX; 3- 1
1-31 XX
Co
(increased)
Butler Brothers, common
i
,
2-15
37 %c
(initial
Corp.
2-5
;
00+
■
50c
Co...—i
Ac Co. (qua?.)—
Kroger Grocery As Baking Co., com.
3-20
1
3-15
$6 X >■
Quarterly!-:——
3- 4
12V4c
/ %
Corp.
3-1
■
'
%
2-21
:
;
'
Kress (S. H.)
:v.
*
Federal Compress & Warehouse (quar.
"
1
0-2-T0
4
"•■/ 3-H
si.50
'
Co.—
"
0.2-m
farmers A Traders Xife Insurance; Syracuse 1
2-28
f 2-14 X00-—
12*/2C
—
preferred A
2-
2-15
2-
'
Machine Corp.—
quar.)
Extra
3-10
$1.50
>
(quar.) (clears all arrears)—*
$5 preierred A (quar.).——
3-11
12 Vic
—
trating Co.
;
$5
2-15
2-25
—
Bolt
Buffalo
20c
;
Co.; $5 pidv A (quar.)—-—X ;*,
$5 preferred A (quar.)
i; f
2-15
B
—
:
12-31
.
,
Fresco
J,
; X
Erie Railroad
1-23
;
2-15
4-
12-31
2rl5
.
50c " ,2-15
5c
Battery Co., common (quar.).?—1 City Power Ac Light Co.—
$1.50
$6.preferred B (quar.).u—X
'45C '
Keilogg (Spencer) Ac Sons, Inc. (quai,.>A._i.1
37 Vic
Kearney- '&:r Trecker.—— ^..44—4B^4.i,.B».—
87%C
Kentucky Utilities Co., 7% jr pfd. (quar.).BB
Kerr-Addison Gold Mines, Ltd, (interim )__ X:X:::X*5C,/
X 1-15
X
1-31
2-28
$1.25
Kinney (G. R.) Co., Inc., $5 prior pfd. (quar.) %" $1.25 X'X 2-25
2-20
Knickerbocker Fund / (quar.)—.——.—.I. ./• 8c X
2-17
'i/1-15
50c
Empire District Elec. Co.. 5% pid. (auar.)_ )
Equity Corp., $3 conv. preferred (accum.)—
2-14.
•■
1st pfd.
Ely & Walker Dry Goods, common
2-25
XX 3-11
quar.).—Xf/B|%:v15c
2c
(quar.).—
1
-
/12-31
B; $1.25, f% 4-14 X/v 3-15
25c
B 2-15 Xy 2- I
61
B 2-28 B 2-il,
Eastern' .Theatres,? |itd.s—"Electrolux Corp..i—
,
3-30 XX
(final)
jBBB X;X... 8% ■ I 3- 6
Co., class A———./ ■"• "■
$1, X: 2-28
Silk Mills, Ltd.
Falls Co. (increased
Buck
6%
3- 8
$1.50/XB 3-30
v^.;
5*
3-1
2- 4
'
5
2-
.
1
$1.12'/a
yc'-6% lst:. preferred' (quar.——-
1-31
American deposit receipts
Buell
i. Eastern Massachusetts Street Ry^
2-13
2-20
16c
Brewing Corp. of America (quar.).
British' Celanese* Ltd.—
*
V Bruck
X!
1
2/
/
X
1
Kansas
1
■;XX/,: 5C
East Coast Public- Service Co,i—
Eastern > Corporation—;
1
Bearing Co.—
Brown Fence As Wire
""
,3-1
2-25
50c
.
2-
2-15
% 3-12
$3.50
;
2-9
3-
20c
(s-a)_».—B"XX;
Knitting Mills—
preferred (quar.)
——t
Glass. 7% preferred (accum.).—-
3-1;
xx
3-
X
Bradsueet, Inc., common———_ .{i
/preferred.-(quar.)—
Light Co., 5% 1st pfd. <quar.)__
Dwight Manufacturing ■Co.-,-*—
,■
1-25
3-9
$1.50
quar.)—4.—,_\
Harvestor
Utilities
Johnson
.3-
12V2C
—i--
—
Duquesne
—
Brandon Corp., class A
•'
Dun &
f ,3-1
Boss
Bower Roller
B
0'" 2- 10. ; Drackett Co. (quar,)--—
Extra
3- 1 0 2-15 XX'
2-15
1
2- 5
2-20;
;
$1.62 Va
(accum. )-
X
2-15
2-20
preferred
1-3
$25c
:■
■
75c
(Sidney) & Co. (quar.)———
C.), 7% 1st pid. (accum.)—
Inc.,
/
—
1st preferred
Bourjois,
,
12V4e
75e
62 Vic
■
v
$3
25c
40c
Jeannette
-XX 3-15 X
$20c
(quar.)-—
.'•Glass'. B>.'
America
North
Textbook
8-12
4
Co.» Ltd, Class A.-,—
pfd.
2-
2-15
'
<
25c
Jantzen
Ut 2- 8
$25c
Ltd.
Stores,
Donnacona, Paper
"-
■
2-15!
1-28
/■' 2-- 5:
56 %o
;
B
,XX ,•
Jacksonville Gas
.
—...——
'
Intertype
1
'
•
(quar.)
(quar,).._._
International
6
2- 5
'
,
Blaimer's
pfd.
(quar.) _L'——4_'
Corp., 6%
International
■
Extra.'.
Blair & Company—..—
Xl-26
'
'
B.
1-26
,2-15
■
$1.75
(quar.) 4^—...4—;
International Power Co., Ltd., 7% 1st pid..?$
1$L16.%
International Rys. of Central America— > : B$1.25
5:
preferred
(accum.)
7%
.
-
$2.25
X
(Initial
New
10-10.
30c
of
Co.
International
7-10
,
25c
,
3-2
3-28
2-15
$1.50
(quar.
International Business
1
3-
■';;;^5cx
—
,
2-1
50c
Bond Group rhares-—
Stock As
Extra
•
—
Co.
Silica
Insurance
2-21
,
B
Co.,
Ingersoll-Rand Co.
Co.
Works
iron
2-25
$1.06 % X.
Co._^._.^1..4.-—1—B
Power, eommon
Illinois Zinc
75c
.3- 1
6Vo participating preferred (S-a
2-15 0:2- 1 B
75c
9-3
45c XX:, 4- 1
3- 9 / ! : 6%> participating preferred (s-a)—
(N. Y.)
(increased).l.-^Distillers Co,,. Ltd.-rr - "v-'-v-.v'T*■V-'rS
4-1? §B3-15B/
$1
Corp. t quar.
2-7
American deposit receipts (interim) ——^
7(4% ';■
Bathuvst Power Sc. Paper class A (quar.)—l
1-31
$25<V 'it 3- 1 j
Dixie Cup, Co., common----—-—,—
25c'
3-26
Beck (A. 8.) Shoe Corp. 4%% pfd. (quar.) •$1.18% %• 2- 1 02-15
4-1
Glass A, (quar;)-i—
62V2c
3-1: 01-3t $
$$2
Belding-Corticelli, Ltd. (extra)—
25c
20c
2-15 02^:10 ; Dodge Manuiacturlng Gorp. tqnar.)lw-^--i^
} 2-15
Beiding-Heminway Co. (quar.)___„^„—_
Dominion & Anglo Investment Corp., Ltd.—
L
Berkshire Fine Spinning Associates, common •
37'/4c '
2-13
2-2
3- 1
$$1.25 X
5'%, preferred (quar,
$3 convertible preferred (quar.)—..;
$1.25. XX 3- 1
2-20
Dominion Bridge Co., Ltd,
2-23
$30c..
Bertram (John) I'z Sons Co., Ltd, (s-a)
tisc
2-15
1-30
(<(uar.i)-J.4.-Lw»^ir^
t
Dominion Fabrics, Ltd.-~
/
; <
Extra
1-30
2-15
$15C X
6% 1st redeemable preference (quar,; '•::"X$75C;X XI 3- 1
Best As Co.. Inc. (quar.).
%
25c XX 2-15 X
1-25
Bankers
Idaho
5
2-13
$17(40
(quar.)
common
2-15
3-15
2-26
30c
(qgaiv)..
2- 4
2-13
—1
Match
3-1
25c
40c
.____________
com.
Institutional Securities—'
—
Diamond
1
2-4
2-14
r
.
'
2-15
3- 1
81.75 X
6'/c pfd. (quar.),—
Detroit-Michigan * Stove Co.-— .
-(
preierred (quar.)
1—
5%- preierred (quar.)——
—
5% preferred (quar.)__
*
.
,
1-25
$1.25
3-1
1
'
'•
2-15
IOC
3-
Detroit Gasket & Mfg.,
.
1-25
$1
$1.50
$1.75
'•
(Quarterly
2-14
1
1-25
$1
Huston;(Tom) Peanut Co, (quar.)————
5
Quarterly
2-15
5% conv. "A" pfd. (quar.)''•XB* 25cB B 3- 1
'•
"X 2-15
5%
preferred "B" (quar.)—
3- 1
; 25c
:
Automatic Products Corp. (quar.)
ioc
2-15
2-1
Avondale Mills, common
5c
3- 1 /XX 2-15
w_^v—
Autocar Company,
2-15*
2-15
2-15
$2
3-
$37l4c
Decker (Alfred) As Cohn (quar.)
1-21
?
$2
.
c
•
25c
(quar'.).——4—'
$1
Davis Leather, Ltd^: class A'(quar;)
Class -;B .(quar.)—-—-.-——--i—
8
2-
2-15
2-15
2-15
2-25
503
75c
Barbizon, Inc. (quar.)—. _....w——.
$1.05
PreSs, 4l'2%rpreferred-ii—--4;-iU-«
Cuneo
2- '8 /-
'"'2-
3-13
$1
com. B
3- 1
3- 2
.
43% c ;
;
.
7%: preferred (quar;)--—-.rA-v^H-i;«^:^-,w:''
7%; preferred (quaf;)-—
2- 8
1.
'
Atchison, Topeka & Santa Fe Ry. Co.,
Atlantic
/■ ( :
—
_ _
(quar,) —
(quar.)—
$4.20 pfd.
preferred (quar.)—
Cuban American fcugar Co,<—» n* ?•/:,.y*~ : 4
'
6%" 1st preferred; (quar.)—
2nd preferred" (q ua r;)!_
pfd.
conv.
8%
Crum & Forster
.
7%
7%
Co.
$4 convertible 2nd Dreferred <quar.)__
.
,
Drug
Crown Zellerbach Corp.,
As
Hussmann-Ligonler
1-31
2-15
'
—
■■"'X
(quar.
A.)
(Geo.
2
3'
5% pfd. (quar.)..—.
Nov. 15th.
Co.,
3-4
3-12
25o
——-
Corp.;—.....i..—
2-15
Hudson, Motor Car Co. (quar.
Hummel-Ross Fibre Corp., 6% pfd. (quar.).'
2rl5
$50c"
(quar.)—:——
2-15
2-15
1"
3-
!'■•
$1.06%
—
.....J.
preferred A
6%
2-15
3-
% 2-15
$15C
X
—
Hormel
2-15
3,
Extra
$4.25 preferred
X X 3-15
1
t
Hooker Electrochemical
:
/" 2-15
75c X;
t30c '
V
1
3-1
X
25c
1st
Honolulu Oil
/
B 2-25*
1
^00.- 0.,
20c
f\Cook Paint Ac: Varnish Co., common (quar.)
$3 prior preferred (quar.)—
——
Cosmos Imperial Mills, Ltd,~(quar.)—
.Extra
4-
-
3-
X.. .50c
Div, rate reduced from 6% to 5 %
Hires (Chas. E.) Co. (quar.)—
'
2-20
0'V0~\0*X0
2-8
2-15
common—
Hercules Powder Co.,
•
Associated Dry Goods
J
-
Continental Commercial
&
1-21
:
2
1
2-28
X;
'
$3.75 preferred (quar.)——
'
2-16
2- 4
30c
.
3-
'
—
25c
(year-end) X./XXX
1
1
J
;x.2-i5-v|"
$2.X f 3-28X
X,s4-'Xl.
...
3-
2-
X'-X" 31 %c
convertible preferred—
$50c
Glass, Ltd. (quar.)--—- :
40c
of America (increased)—
25C
Continental Can Co., Inc., com. (Interim)
1
1
Hershey Chocolate Corp., cvinmon (quar.)..
$4 conv, preferred • (quar.)
3-15
Container Corp.
Co.,
A.)
preferred ;(quar.)_.
2-15
.
1
3-
25c
;:2- 5 X
2-15
Consumers
•
(M.
$4.25
1
3-
XX
3-1
50C
"
2-
5Cc,
—4.—..,..'
3-1
X
B 3- 4
2-15
;
*22 Vic
..........^
preferred (accum.).—Hawaiian Pineapple Co., Ltd.—
12 %C
,
,■
B.. (quar.).___'_—
Havana Electric As Utilities Co.—
5 :/
'
3-30
2-
3-15
10c
Co., Ltd. (quar.
(Cal.), Class A (quar.)—•
Extra'
Hanna
1-26
'/
3-1
2-15
25c
——
,
(increased)
Corp.
Extra
6-2*
9-25
7-
$1,50
■
Class-
I
10-1
'
"
,
0:2- 8
:
,;'1-
1-31 X
■
3-2*
4-1
•
$1.25
.
Hancock Oil
2-15 X
1
2-15
2-13
1
3-
$1.25
Cotton
Hamilton
3-15
$1.25
XXx" 2-15 B
2-15 '
1
3-1
,750.. ,t 3- I
2-28
50c
B
i
.
—
com.
-
Conawlidftted Vultee Aircraft--—————
2-28
3-15
Gas Utilities
Consolidated
.
.
Amerman
'
"
preferred f' (quar.)
$2.20
preferred ^fquar.)_^___■--i-;-^xx; 55c
Connecticut River'Power Co.—' • "."v $1.50 X
6% preferred (quar.)—iT._-—
50c :
Consolidated Cigar Corp. (quar.)—-—-—'-J
'
%American Steamship (quarX)_
American Stores Co. (quar.)
American - Stove Co. .-( quar.)
3-
-
Halllcrafters
1-15
1-31 '■'
!
Stores,-Inc.; (qujar.).__—i
Co.
(quar.)—....
Hale Bros.
2-15-
2-15
$2.40
X'X"XX 1-15*
3-11
.
,
preferred
3-1
9Q
Int'l Corp.,
Connecticut Light & Power—
'
3-11
$1.50
(accum.)..^.w—_^—
.
$3
,
1
'
.
•$7 preferred • ( accum.
X $X.75B
American Fork Is Hoe, common—
/ X. /;/; 25c
American General Corp; ¥2 preferred (quar.)','■' ■; i / 50c '
:V $2.50 preferred (quar.)_«—
62*/2C X
American Smelting •.&>, Refining Co.
1-19
2-
~
/■■/, $1.25
convertible
of Rex*.
2-15
34 %c
5(4%
'
2-15 ./'!.', 1-24*
'
->
2-ld
Corp. •
Commonwealth
2- 5
2-20
'
75o
,
''2-
2-15
r
B..B
,B/4c
"(quar.%——..Bi—
American Coiie As Pretzel, 1st pfd. (Initial)
American & Foreign Power Co., Inc.—^
//
preferred
Commodity
$$1.50 & 3- 1 XvX/2". 1 >•?. '■
American Can Co.
: $6
2-28
4-1
XX
.$$2
.-
American Business* Shares-
2-15
4
■
common__-_-—.——
(quar.)—
American Barge Line (quar.)—_»l_
(quar.)
i-19"
2-15
$1.25'
Pictures, $2.75 conv. pfd.
-
X
X!
1-31
1
$1.25
68 %C
„
$4c
Ltd. (quar.)_—.
:
v
40c
;vCompanla Swift Internacional (quar.
12*/aC ..I- 3- 4* 'XX'X 1-29
62 %c
Compo Shoe Machinery $2.50 preferred---, i-29-:
12V2C B 3- 4
Concord Gas 7% preferred (accum.)—— xx-Xx/xxAi/
W 3- 4
XX'X $1.75 !.;!
.Conn (G. C.) X,td., 7% prior preferred-.—
25c XX 3- 9 XX,,2-15
Conduits National Co., Ltd;
(interim)--— 'B"X'.$25c %
:
pid.
.
•
(quar.)
•
Columbia
of Re0.
:
1
5%
1-19
"
.
1
3-
;
$$1.75
(resumed)^
AUis-chalraers Manufacturing Co./ 4'/e
Alpha
Aiuminum,
Payable
$30c-
,
.
Alaska Juneau G&d'Mlnlpg-Co.
Extra
.
iv
Holiera
.
(quar.)t
com.
preferred'' (quar.)
■
preferred series A (quar.)
preferred 5% series
preference (quar.)—
Cumulative,
X When
Per
2-15
$1.50
Co.—- ~
Brewery
preferred"(quar.)4.__..
N
,
'
6%
Western
Bolder*
When
Payable
25c,
Griggs Cooper As Co.; 5 % 1st pt'd. (quar. )—.
5% 1st preferred (quar.)
5%, 1st .preferred, (quar.)
Grumman
Aircraft Engineering—
2-18
'
Dock C^>. (qUar;).i_.
As
,
Share
Name of Company
1-22
3-30
common
Per
of Ree,
2-15
$a.5o prelerred (quar.)__L-.i——4.;—iv—
Colonial Stores, Inc., common (quar.)
>
Hold ere
..Payable
(qusir.)
(Colgate-Palmollve-Peet Co.,
%
■
When
•Share
IHame of Company
include divi¬
given in the
2c
$1.12Va
2-
3- 3 x.
2-15
,
8-15
9- I
,
2-19
1 /;
!
3- it
2-19
3-1
2-15
2-15
2-8
4-15
3-
8
2-28
?-
8
3-8
2-9*
3-
2-9*
1
2-28
4-20
5-1,
8-
7-22
1
10-22
10-30
3-
1
2-15
5c,
2-15
,
5-15
6- 1
10c
America (s-a)
.3-15
6-1
3-
1
.
■
2-18
2-
1
2-
V
-v'vT;-!;,;
;
/
,
THE COMMERCIAL & FINANCIAL CHRONICLE
694
Monday, February 4, M46
iyjf ((('«•
v..*"$£
<•'•;; •
? Share
■'
.
Payable
uf Reo.
(quar.)
25c ;4/-.4- i
-ft.— f!j; $3.50
3-15 :
Name of Company
Service
Linen
National
\
Corp.,
com.
preferred (s-a)
$5 preferred (s-a) .
$7
National
>
.
5%
(s-a)-'
preferred
preferred
5%
National
(s-a)
C—.—-———
Machinery (quar.)—
Rubber
National
Tea
50c
$1.25
$1.25
(increased)
Paper & Type Co., com.
National
:
2-
Brake
York
Air
New
York
Hotel
_!
preferred
Extra
North
North
•'
Tire
Norwalk
Rubber Co.,
&
;
preferred (quar.)—
common-,.
50c
25c
60c
25c
Common
—i
2-20
United Artists Theatre
5% preferred (quar.)
United Corp., $3 preferred
4-
1
3-15
United
4-
4
1
1-25
\
42-fi.^';:
2-15
I
2-15
United
Common
1-15
7%
135c
:
5-
'
1
pfd. (quar.)
5%% preferred (quar.)
6% preferred (quar.)—
Pacific Lighting Corp., common (quar.)
Pan-American Petroleum & Transport Co.—
34 %c
2-15
1-31
37 Vic
2-15
1-31
75c
2-15
40c
Increased
East.
4%
Pipe Line, com.
preferred
Park &
(quar.)
(resumed)—
Inc.
Tilford,
Peabody Coal Co.; 6 %
;
preferred (accum. ),„
Cement Corp.,
Peerless
Peninsular Telephone Company—
Common
.
IOC
4-
1
2-5
1-15
3-1
2-1
2-28
33(6
_
„
(quar.)
Philadelphia Insulated Wire
(s-a)
Photo
Electric Power, 5Vi%
preferred iXquar.)—•
6%
2-15
1-25
4-
3-15
$1.31/2
3-
1
2-15
3-
1
2-15
3-
1
2-19
Procter
& Gamble
Provincial
—i'SS'"'
(quar.)^_—l-,4i—.
Co.
Vt4
7%
Walker
$1
1-25*
$4.25
2-
$4.50 preferred
2-15
2-15
1-15
3-15
2-15
$1.75
3-15
2-15
'f
2-15
mm,i
$5
preferred
■■
preferred (quar.)_i__J—
Puget Sound.Power & Light Co.
3-29
2-28
25c
(reduced).
'!
3-15
Taxes
1
6-15
Interest
4-10
3-20
3-20
2-28*
Retirement
?"eserve—--——.
6-20
5-31*
Reserve for
9-20
8-31*
Contributions
uncollectible accounts —
in aid of construction
12-20
3-15
3-
3-11
2-28
3-15
2-10
3-15
3-10
5-
1
4-15
8-
37Vic
37y20
15c
1
7-15
3- 1
4-10
3-15
2-
8
3-15
2-
8
;$$
:
25c
Pure
Oil
5%
Co.,
25c
common....-...^.-.—
convertible preferred
$1.25
(quar.)r>,
2-
3-
4
4Rayonier, Inc., $2 preferred (quar.)—
50c
4-
Reading Co., common (quar.)———.
4 4% 1st preferred (quar.)-——-—
Republic Jnvestors Fund, Inc.—
25c
—
2-11
2-11
reduction was
in London,
1-25
$125
3-
1
2-15
$1.25
6-
1
> 6%
:
preferred
Class
B
50c
-
(quar.)—
5-
15c
—-
Republic Petroleum Co., 5V/2% pfd.
Reynolds (R. J.) Tobacco Co., com.
-
$2.50
6- 1
256
2-15
2- 1
2-15
v
(quar.)
(quar.)
35c
\
I".
1
2-15
5
' ■'
Net
:
5%
taxes
Common
6%
B
(auar.)_.
Co.,
Paper
preferred
—
Roos Bros., Inc.
$1.20
Petroleum,
(quar.)
com.
i
v.
5%
Rubinstein
(Helena), class A (quar.)
(Jacob) Co., common
preferred (quar.)
;
Ruppert
.
4 Vi %
2*1.5
3-20
3-9
25C
4-
1
25C
3-
1
4-
1
3-10
25c
3-15
2-25
25c
3-15
Savage
Arms
Schumaker
Scott
Corp.—:
Wall
Paper,
$4.50
$2
partic. pfd——
preferred
Simmons
1
(quar.).
75C
—4_i
Electric, 77e> preferred
Silverwood Dairies, Ltd., common
(accum.)
40c
participating preference (s-a)
Company
Sinclair Oil Corp...
Skilsaw,
Inc.
Solar Aircraft Co.,
Solar
50c conv. pfd.
2-15
1-31
3-20
4-
1
4- I
2-15
3-
2-15
2-15
2-
30c
2-28
6%
South
Bend
Lathe
Works
$1.50
2-25
45c
2-28
(irreg.)__
Common
(quar.)
;
1
(quar.)
5%
preferred
5% preferred
Southwestern Public Service—
Common
Spiegel,
(increased
Inc., $4.50
Stamford
Water
Standard
Brands,
$4.50
quar.)
C.
The
pfd, f quar.)—...
(quar.)..
Inc., common (quar.)...
(quar.)—
preferred
—
vacancy
The
75c
3-15
>.;2-15
$1.25
3-15
2-15
$1.25
6-15
5-15
$1.25
J
t$1.25
f.$1.25
Standard Oil of
California
Standard Oil Co.
(A.)
Stoker
&
3-
Co
Co.
40c
(quar.)____.—
(quar.).
(Indiana)
3-15
3-
1
:/2-15'nV:;;
3-
1
on
Jan.
22
elected
Wilbert
Hammel
succeeds
W.
C.
Hammel
Vice-Presi¬
as
D.
Gardner, who has retired after more
than a half century in the
floor-covering field.
Mr. Kennedy, who
Joined the company in January, 1938, has served as assistant to Rob¬
Ridges, Secretary of the
June, 1939.—V. 161, p. 468.
3-
Society of the Sisters of Charity
Partial Redemption—
A
4-30
2-18
I
—
50c
3-15
were
3-11
'
2-15
25c
total
of
recently
$20,000
called
Payment
Lewiston, Me.
is
of
for
(Lewiston, Me.)—
50c
quar.).
Strawbridge & Clothier, 6% prior pfd. (quar.)
3-
1
first
mortgage 4% bonds due Feb. 1, 1959,
redemption on Feb, 1, 1946 at 102 % and
being made
at
the
Lewiston
Trust
Co.,
trustee
■
3-10
3-
1
2-15
2-
1
40c
2-15
1-31
kwh.,
2-
Ifi3
$1.50
2- I
1
.
Southern Colorado Power
2-11
60c
31 Vic
-
Jan,
from
from
1—
railway— 247,536,833 260.978,544 245,532.051
73,591,553 104,067,063 108,927.898
'
90,858,844
46,265,818
26,817,767
35,744,757
33,415,841
.
—Jan. 1 to Jan. 21r~
1945
19461
1945$7,013,354 $14,920,231 $20,288,994
—Week Ended Jan. 21—
1946
—V.
/
204,605,581 '
railway-—•_
$5,238,135
earnings—
Gross
1944
1943
1942
$20,816,509 $22,171,107 $19,414,559 7,691,161
4,248,038
9,838,076 :
3,334,926
2,342,546
7,690,300 „
163, p. 468.
Southwestern Associated Telephone
Co.—Earnings-—
1945—11 Mos.—1944
1945—Month—1944
.
$2,295,049
Electric
output
ended Jan. 26,
.
of
Southern
Co.—Weekly Output—
Colorado
1946, totaled 2,176,000 kwh.,
Power
as
for the corresponding week last year,
n
'
$242,550
$236,392
$2,493,582
Uncollectible oper. rev,*;
700
700
7,700
7,700
$241,850
$235,692
$2,485,882
165,567
44,533
141,488
1,665,414
481,700
$2,287,349
1,340,576
612,112
income——
$31,750
14,194
$42,14419,544
Operating revenues
Operating revenues J*
Operating
expenses.——
Operating taxes
_——
52,060
•
Net
oper.-
—-*Vi 162, p.,
$338,768
$334,661
156,613
179,857
2686.
-
.
2-11
:
Southern Ry.—Earnings—
v
company since
.
1-31
;,: 6- 1
-
1946 and will be due Jan. I,
applied to the redemption of $50,000,000 first mortgage 3% % bonds, series B,. now outstanding.
Bids for the purchase of the bonds will be received up to 12 noon
(EST) Feb; 4, at 165 Broadway, New York 6, N. Y. Bids should be ad¬
dressed to J. A. Simpson, Treasurer.—V. 163, p. 468.
Period End. Nov. 30—
—
Co.,
for
the
week
compared with 2,158,000
increase of 0.8%.—V.
an
,
Commission
The
and
Proceeds from their sale will
1986.
"Deficit,
5
(quar.)..—.—
:
(increased
directors
Mr.
ert
1
2-
3-15
liability as the guarantor of the bonds.
The new bonds will be dated Jan. 1,
Net ry. oper.; income™'
in
interest.
Standard Wholesale Phosphate & Acid Works
Stanley Works 5% preferred—.—
Stein
T.;
*
Standard Dredging Corp.—
$1.60 convertible preferred
Standard
;;
has applied to the Interstate Commerce
company
From
charge of sales, and William J. Kennedy as Assistant Secre¬
tary, Frederick B. Klein, President, announced.
5
"
8-15
2-15
51,009,536
authority to issue $50,000,000 first mortgage bonds, series E.
Southern Pacific Co. asked to be allowed to assume obligation
Net
new .seats.
22,783,373
1,077,803
52,449,389
RR.—Plans New Issue of Bonds—
Southern Pacific
The
1943
from railway— $17,577,961
Net from railway,——
*9,767,220
Net ry. oper.. income.—
284,508
Corporation and
caused by death and two
157,005
Crl25,989
23,723,064
875,894-
Net income ■—--***-
dent
2-15
1
3-15
.
40c
Standard Chemical Co., Ltd., 5% pfd. (quar.)
G f,/.
9-16
3-
450
$1.12%
1
They; fill one
1-18
40c
1-25
3-
following have been elected directors; Robert T. Stevens, Chair¬
J. P. Stevens & Co., Inc.; Frank E. Masland, Jr., President,
2-15
15,180,812 * 13,884,515
32,586.396 101,090,480
for
Masland
2-15
$1.12%
2-15
3-15
& Sons; Dr. Webster R,
Robinson, former professor of
business administration at the
University of Calfornia.
'•
conv.
2-15
2c
25c
of
H.
3-1-46
Co.
3-20
1
8,240,356
8,249,883
.
(Alexander) Smith & Sons Carpet Co.—New Directors
2-15
1-20
.
1;
3-
4,556,039
Period—
2-15
.
40c
...—.—
4-
20c
(Continued from page 660)
1-15
—
25c
;
Jamaica income tax.
1
:; ■ t20c
—
2-20
7,178,953
7,608,907
7,616,436 .
*Before provision for
Gross
2-15
(quar.).,.—
(quar.)—...—_—.
3-1
inc.—
;
1
Investment News
man
...
1
70,517
1
■
2-15
Greyhound Lines (increased)——
Southern Railway Co., common (quar.)—
5% preferred (quar.)——
..—.J
3-
3-
25c
—
General
2-28
Southern Canada Power Co., Ltd.—
Common
3-15
3-15
51,683
22,491
December—
419c
Southern
$1.12Vi
$1.12%
3-
1
37 %c
44;
2-9
1
3-20
(monthly).:
—
•2-15
Southam Company, Ltd. (quar.)——.—
Southern California Edison Co., Ltd.—
-
Jr., Co.
1-31
13%c
preferred A (quar.)
Pulp Co., common (quar.)
preferred (quar;)1—..
3-
37V2C
—.—_—
30%
1-15
3-11
22yac
convertible
2-28
2-15
40c
prior preferred (quar.)—
conv. prior preferred (quar.)
Manufacturing Corp.—
55c
1
3-30
3-1.
2-28
25c
Soundview
'
2-
1,554,020
Gross
25 c
(quar;)—
2- 8
f'
:>
3-12
420c
,
.
1
2-10
4430c
v
—
(quar.)^
3-
•Transfer books not closed for this dividend.
tPayable in U. S. funds, less 15% Canadian non-residents tax.
tPayable in Canadian funds, tax deductible at the source.
Non*—
resident tax }5% ; resident tax, 7%.
a Less British Income tax.
1-31
1
3-
$1.94
xLess
1-18
2-15
25c
Sioux City Gas &
4
3-12
2-11
$1
15c
...
1-31
1
2-
1
2-25
$25c
—
...
3-
2-15
450c
(Rudolph) Co..
Young-Davidson: Mines,; Ltd. .(interim/——
Youngstown Steel Door (quar.)——..
:4-19*
3-15
3-20
j-28
•
31 V4c
:
'
Wurlitzer
4-19*
1
4-
4%%
(Wm.)
Monthly
2~26*
2-18
1
2-.13
3Cc
—
(quar.)
Wrigley
5
5-
30c
4-
30c
2-20
preferred
4%%
5-
$1.12Va
$1.25
(quar.).
2-15
2-15
25C
Dental Mfg.
(net>
rents
oper.
rwy
>
1,136,543
Cr17,459.910
taxes
rents
facil.
708,685
interest charges on outstanding debt, or other
non-operating income items. . tAfter including accelerated amortization
of defense facilities charged (1) for maintenance of way and struc¬
tures
amounting to $1,605,235 in Dec. 1945, and $7,099,188 in the
;12 months ended Dec. 31,
1945; and (2> for maintenance of equip¬
ment amounting to $6,230,449 in Dec. 1945. and $25,428,159 in. the
year 1945. tAfter deducting Federal income and excess profits tax re¬
ductions due
to
(1) accelerated amortization of $6,530,562 in Dec.,
1945 and $27,352,637 in the full year 1945, and (2) redemptions of <
Southern Pacific RR. Co. first; refunding mortgage bonds (premiun*..
charged earned surplus in 1945) of $3,400,462 in Dec., 194$ and $9,« •
039,499 in the full year 1945. fiDeficit.—V. 163, p. 468,
.
20c
■
$1
—
—-——
Company
2-
(S. 8.)
Common
1-19
3-12
•Net
Worthington Pump & Machinery—
$1.12 Vi
—
Surety Co.u
;
Servel, Inc., $4.50 preferred (quar.)——
Shawingan Water & Power (increased)
Sherwin-Williams Co. (quar,)..:
4%
50c
45c
Seaboard
^
1
$1.82
2-11
2-15
(quar.)
preferred
(quar.)
$4 preferred (quar.)
Seaboard Oil of Del. (quar,)
Silex
2-11
12V2c
—
Board,
common
50C
—
2-
$2.50
2-28
-1
2-15
(resumed)——
'
Bridge Co., Ltd...:—4—
Schenley Distillers Corp.—
Joint
Wilson
2-15
$1.12yg
Sarnia
1
(final)——
$6
,
2-15
.•
2-
Line, Inc., 5% 1st preferred (s-aLi*
Woods Manufacturing Co., Ltd. (quar.).—
Woodall Industries, Inc., 5% pid. (initial)—
Woolworth (F. W.) & Cc. (quar.)—
1-25
2- 5
1
Saco-Lowell Shops (quar.—
preferred
White
3-
50c
2-15
—
Williams (R. C.) & Co
Wilson & Company, common
2-15
16C
preferred—.—
conv.
2-15
35c
tl5c
t$1.50
——
(quar.)
Root
4®
•
Ltd.,
(quar.)
75c
$1.25
Miscellaneous
654,499
,
„
(net)
taxes
Equipment
Stationery Corp.—
(quar.)
————
1-25
2-15
^Federal
2-
2-25
618,381
618,381 >
A,669,630 :
669,630
*
1,102,654
4,916,267
40,316
1,731,309
———
2-15
Western Tablet &
4-15
tax.
city
3-11
(quar.)—
§6,228,206
taxes.*;
and
county,
40c
1
44,132,670
op.
rwy,
retirement
Federal
State
$1.12%
—.—
2-5
;
from
rev.
:19$4
$
51,568,913 590,262,531 628,223,517
37,788,627 451,145,598 420,931,688
13,780,286 139,116,933 207,291,828
37,904.464
operating rev.
tRailway operating exp.
Railway
1945—12 Mos,
Month—1944
1945
$
1-17
.
(quar.)
Pacific RR., common
preferred A (quar.)
■'
V
"
Rolland
preferred
Western-
4-15
5- 1
-
;68%c
Virginia Pulp & Paper Co.—
4%%
Transportation System-
Earnings of
1-17
2-15
$1.75
———•
•
>
period End. Dec. 31-
5-15
Weston Electric Instrument..
2-21
•:3-14,4':
15c
——
/
1-17
1
;
A (quar.)
8
West
4
last quarter,
5-15
$1.50
Central Pacific "
1-25
$1.0614
$142%
—
in its
due March 1, 1946. At the end
in the ? amount of $5,233,784
compared with $5,545,369 three months earlier.
The
effected through a series of over-the-counter transactions
Unemploy.. ins.
3-14
2-14
6%. preferred Class
5
1945, tender offer of the company.
company
also effected a reduction
The
Railway 35-year 4% European Loan
of -■ 1945, the loan was
outstanding
in the
(quar.)—..
(quar.).—.—
last year, the
Railway first
the,end of
Dec.,
3- 9
4-20
•
1
$954,018
Co.—Reduces Debt.—
company had outstanding $37,602,000
Central
Pacific
refunding mortgage 4% bonds, due
Aug. i, 1949, compared with $55,728,000 on Dec. 31, 1944. The reduc¬
tion
resulted
principally from acceptance by bondholders of the
2-15
3-20
—
.....
1,393,007
1,463,781
$14,846,145 $14,625,466
(1944—$988,820) is not available for dividends
—
Southern Pacific
At
Ltd.—
1
51,759 •
99,702 "
211,000
stock.—V. 163, p. 319.
common
on
3-10
2-15
$1.50
Worts,
2,101,375:
.
48,515
112,214
—
2-10
1
v
2,237,900
—.
———
—
—
—
which
•Of
2- 4
2-15
$1.75
&
Total"
1
15c
13y4c
I3y4c
13y4c
13V4c
——i
561,784
v .' 9,753184,307 :i 188,266
.
—■—211,0007
*
surplus-—,-
"Earned
2-15
—r
2- 4
3- 1
surplus
Capital
3-1
25c
——
accrued-.---fc—
Deferred 'credits—4*L.
-
11-30*.
2-15
62Vic
—
preferred (quar.)
preferred
preferred
7%
1-24
2-15
1
7-
Penn Electric—
6%
23,941
535,357
9,650
——
4,—4—.——
accrued-**--——
4-
Wentworth Manufacturing Co.—
-'Vest
2-28
$1.75
7%
;
3-29
1——
deposits-*1
.
$2
^-—^.4.—..
(quar.)
—convertible
$1.25
(quar.')_
••
3-15
40c1
40c
Washington Ry. & Elec., 5% pfd. (quar.)
5% preferred (quar.)———
5% preferred (semi-annual).—
Public Service Electric & Gas Co.—
4-
3,398,7603,000,000
79.0444
31,017 - r
3y4%; first mortgage
$2.50
40c
—-
——
$3,500,000
preferred stock— :
$3,500,000
stock ($ 15;par)~_- —3,398.760 ;
bonds, 1970-4-.*—-—-^.4
3,000,000
Accounts payable.^
J
u
115,718
Common
Customers'
C.) Gas Light—
preferred (initial quar.)—
50C
preferred (monthly)—
:r~
4'; 7%,preferred (quar.)„__r_—r
;
"8% preferred (•qua"r.)14i--4'—————
v
6%
3-15
(quar.)..
3-15
'
$14,846,145 $14,625,466.
—
^
LIABILITIES—
2-15
_
(quar.)—
3,902
7,558.
—
total
(D,
2-15
8
debits—4-
4-
•
pfd.
(quar.)
.
preferred
Washington
2-27
50C
,
6%
:
(H.)
Common
5,947
$$»25
———.—
(quar.)
Gooderham
50c
(quar.)
(quar.)
$2.50
127,676
10,561
164,483
*
^
58V3C
preferred
*20c
(s-a)
Public Service Corp. of N. J., $5 pfd.
1
6%
preferred (monthly) —-—
2-15
——
—
3-
53c
(accum.)—
————
B
$1.25
(quar.)
Co.
Transport
$2.50
1
3-
53c
50c
1st pfd.
.
875c
3-15
9,673'
3-9
2-15
1,561
217,132
6,843
supplies—
and
Y,"v
58V3C
Co
Virginian Railway—
6% preferred (quar.)
6% preferred (quar.):
Vogt Manufacturing Corp. (quar.).
Vulcan Detinning Co., common
4-
.
Prepayments
'
200,312
receivable—Consumers-.:.—
Accounts
240,342
704,148
1,561
;;deposits—-1-4—
Special
Materials
3-
248,146
securities.——*—-———.■
2-22
;
—
2-15
,
(quar.)
pfd.
2-
4V3-; 14
(s-a)
Petroleum, 7%
preferred---------.^
Pittsburgh Bessemer & Lake Erie RR. (s-a)
Potomac
2-
4-15
t«;ni
«uc
1
Pioneer
Pratt Food Co7
%
3- 1
1-31
4-
1944
634,823
Cash'
2-22
——'
(monthly)
(monthly)—
(monthly)—
B
Class
physical property—
■
2-23
50c
'
1945
U, S. Govt,
50c
—
...:
Laboratories,
Class
2-
3-
50c
.
Pillsbury Mills,
1-15
4-1
316,418"
;
SHEET, PEC, 31
$1.25
(quar.).—
■.
Potash
Class A
3-
2-15
,-r—
Phillips Petroleum Co. (quar.)-——w-
Inc., common (quar.)
preferred (quar.)„
Engravers & Electrotypers,.Ltd.
1
8.
Universal
3-
4-
*
Pipe & Foundry
210,000
317,217
ASSETS-
Deferred
Utah-Idaho Sugar Co. (annual)
Visking Corp., class A (monthly).—
2-
14
4-
2-15
J75c
RR. & Canal Co. (quar.)
106,742
$552,567
210,000
40c
New Jersey
116,863
t)tility^plant-i.--_*—r-———$13,235,472 $12,969,471
340,999
340,999
Miscellaneous
...—..—
United Stores Corp., $6
Universal Insurance Co,
,
preferred
$4
U.
3-15
2-15
S.
(quar.)
Quarterly
Quarterly
Quarterly
1-26
2-15
,' Philadelphia Co., $5 preferred, (quar.)
$6
:
175c
Ltd., common (quar.)
\
preferred B (quar.):
—4
Pennsylvania Exchange Bank (N. Y.)—
4.40%
dividend
2-15
$1.10
Penman's
Stock
U.
1-28
35c
_
-
Pennsylvania Electric Co.—
"
1-23
preferred
United
2-16
50c
(quar.)
5%
;'
,
(quar.)——
$1.40 class A
5
3- 8
1
2-2
50c
(quar.)..
$45,148
$51,134
.
7,706
$570,468
.
dividends—i_,.
$1.75
;
11,271
COMPARATIVE BALANCE
3-15 '
'2-14
25C
-
20,743
$659,310
1
3-
2-11
-
7% prior preferred (monthly).———
3-15
f&yX'g?
$2
25c
Grinding,-Wheel Co, (irreg.)—
Peninsular
2-
75c
.
vtc
2-
$380
United Merchants & Manufacturers, Inc.—
5% preferred (quar.)_—
2-28
1 -
4-1
W- si
.*
;
■
3*14
'
Common
Other
Cos...
$56,420
$651,604
Preferred
1-10
118,890
167,940
$687,332 '
,Brl52
.
$71,878
—
1-31
9
167,369
252,837
275,200r
$679,185
8,146. ;
$56,572
$71,082
795
t
-
deductions
2-15
.
6.36% prior preferred (monthly)—
7% prior preferred (monthly)—
3-15
5
4-
62Vic
(increased)
—
preferred (monthly)
6.36%
prior preferred
(monthly)—
1-19
172,820
income-
oper.
v
(Del) —
(monthly)...-..———.
preferred
14,031
Net income
dividends——.
1-31 '
2-15
$2
6%
1-31
;
Cr3,690
14,122
income
Gross
3-20
2-
$1.25
—
——-
preferred
Cr25,400
278,900
113,000
;
1-31
Investments, Ltd.—
class A
6%
1-30
2-15
Panhandle
4-1
2-15
25c
—
(accum.).......
(quar,).
23,000
1-15
United Light & Railways
2-19
3-20
$1.50
2- 6
62Vne
(quar.)
Fuel
6%
•
Coal
preferred
United
3-28
2-19
3-20
2Cc
^
-
23.200
1,058,657
207,717
263,601
<:"f''/•V'"'''
.
Utility
Engineering & Foundry Co.—
1-15
2-15
Co., 5%
a —;
-
2-15
75c
Pacific Gas & Electric
^
Electric
and
Other income, (net)—
Income
(quar.).
2-15
——
.
irni
United
1
2-
A
2-20
United Electric Co. (Mo.)—.
$3.70 preferred (quar.)92%c
44;
normal
»'*
2-1
2-1
1
2-15
3-
Circuit, Inc.—
Corporations, Ltd.-—:
Class
2-26
1
3'
2-15
25c
(quar.)—
(quar.)____
2-
3iy4c
Co
Corp.
2-15
surtax
:
Fed/ excess profits .ta$
Retirement res. accrls._
'mm
1
9
21,914
*
1-31
of Missouri—
Storage Co.
125c
1%
Owens-Illinois. Glass
>
Union
m.75
———
preferred (quar.) ——i
—:——
Orange Crush, Ltd., 70c conv. pref. (s-a)—
Otis Elevator Co., common—
6% preferred (quar.>,
——
...
1-25
3-11
common
(quar.)
,
23,342
•.
taxes-—4*4
General
2-15
$1.50
.—-v
Street
15,897
2-18
—
i-i6
5
3-
(quar.)
50c
4% %
preferred A (quar.)-'!;——
— $0.59375
;
Ontario Steel Products Co., Jjtd.-*
v
Co.
18.227
3-15
;25e
——
3-
Ogilvie Flour Mills, common (quar.)——
25c
7% preferred (quar.)——
i—$1-75
Oklahoma Natural Gas.Co.,
Salle
102,733
50c
(year-end)
La
2- 8*
$2,692,499
$2,776,261
1,061,035
$230,459
111,206
Fed.
92y2c
preferred (initial quar.).—
$4.50 preferred (quar.)____..i..—....$1.12V2
$5 preferred (quar.)
$1.25
Union Oil of California (quar.)
25c
2-13
9
2-
South
2-28
$3.70
2-13
9
2-
87Vic
————
208
1
2-
'2-15
1945—12 Mos.—1944
1945—Month—1944
$235,781
90c
(quar.).
(John R.) Co. (quar.).....
Union Electric
.-3- 9
$1
Liberties Gas——:—.—-—
Northern
7%
' '>
(quar.)———-——
—
American Oil Consolidated (irreg.)-River Insurance Co. (quar.)
Adj.
"
3-
$2.50 :
• $3,
(quar.)——
Co.
Western Railway
Norfolk &
2-8
Operation
Maintenances
2-1
1
3-
IOC
Sulphur Co. (quar.)
Manufacturing Co.—
Inc.
* 99 —
Period End. Dec. 31revenues—__
Operating. revenues^-
-
4-13- 1
40C
Co., common
preferred': (quar.)
6%
Trunz,
2-14
1
3-
50c
Dock Co.
2-4
2-11
$1
(extra),*
■
—-
preferred
Thompson
Trane
1
3-
50c
Co.—>
Statler Co.
Newport News Shipbuilding & Dry
8
2-
2-1
2-15
30c
Gulf
$3.60
8
Naumkeag Cotton Co.^JJ-.»i^-i--.-i—40c
y-:.2-15r
Neptune Meter Co., $2.40 pfd. (initial quar.)
60c);
New Amsterdam Casualty (N.Y.
50c
New
Texas
Thatcher
6
3-
2-15
7
53Vic
;
1-31
7-31
2-15
8-15
3-25
25c
preferred (quar.) —
4>/4 %
Co.,
1-31
31V4c
40c
(quar,)„—
Sierra Pacific Power Co.-—Earnings-
Payable ,T4jffrWf Reo.
oj
Share
3V 'Jyi
(quar.)..
Special •'
Tampa Electric Co. (quar.)__._—
Tampax; Inc.
2-19
2-15
%
"I .v.-
.
tS)Wft<J°,
2-15
1
3-
Name of Company
■
Holdm
When
Per
Stnithers Wells Corp., $1.25 pfd.
$ 2-15 :t,;
25c t?3-
:—-
——
f
.
$2.50
—,—
(irreg.)
Co.
Oats
;v;
Holderi
When
Sperti, Inc.--Acquires New Jersey
on
Execiitive!
Concern—
'
; ;
Meeting" held' on Jan. 24» William ' H. Albers,
Chairman of the board
of directors, announced the acquisition by
this
corporation of the business and properties of Schock, Gusmer
& Co., Inc., Hoboken, N. J., manufacturers of brewery machinery and
equipment, which will be operated as a subsidiary corporation, with
greatly expanded manufacturing facilities.
.
There will be no. change in management or personnel of Schock,
Gusmer
&
Co.,
except, the * appointment of Patrick J.
Griffin as
Executive Vice-President and Treasurer to fill the position vacated
At
Volume 163
.
the properties and assets, together with the goodwill of C. A. Willey Co.,
Waite several weeks ago. Robert C.
and Edwin L. Dittrich as Secretary./ making the total number of shares to be listed 39,400 shares.—
the death of Wm. J.
continues as President
through
Schock
.
Wm. H. Albers, as Chairman of the
The board of directors includes
x
board
•
of
Gusmer.
Schock,
Sperti,
of
V
&
C.
John
Inc.,
.
Ralph
Inc.;
Co.,
President
Lostro,
A.
Cincinnati
Dempsey,
'
for
!;
Sperti,
•
•
Inc.;
Staley Manufacturing
Co.
Year Ending Dec. 31—
;
.
■Incomes-Tolls
r—"
Operating and maintenance
1945
V"
The company on Jan. 24 filed a
:Depreciati6n^i-iwi>a«---.^-vr--.—
Administrative and general expenses;—!
Taxes, other than income———J———
registration statement with the SEC
for 50,000 shares of cumulative preference 'Stock, $3.75 series.
I
T;:
$601,126
93,748.'j/ ' 94,090
1
;
Financing
Costs/,
-
65,895
36,739
56,343
20,576
;
65,479
33,414
51,675
Interest- on.bonds-
.
51,794
77,262
—
—.
i
1944
$701,594
„
"■
.
amortized-7-r—.' 20,267/
/// The company is offering to holders of its 46,977 shares of outstand; ing cumulative preferred" stock, $5 series, the right to exchange such 5
Profit
v
shares, on or beforS Feb. 20, 1946, on a share for share basis, for the
■
*1
Other: income——
& preferred plus a cash payment by the company of $1.37 Va" for each
share exchangedr ; The shares of $3.75 series not taken in exchange, $
Total income —ojU!
v
together with 3,023 shares not being offered in exchange, are to be
Other deductions
i
purchased. by the underwriters/
The offering price to the public is
$105 per share.
i
<.
.
Net' profit
,7
;
All shares of, old preferred not exchanged are to be called for reDividends paid on preferred stock__;
deinption on March 29, 1946, at $105 a share plus accrued dividends.
Holders of-22,400 shares of $5 preferred have agreed to deposit their
Balance
1
shares for exchange, leaving 24,577 as the maximum possible shares of
Earnings per share on class 'A" and
unexchanged 6tock.
The proceeds from the sale of such of the 46,Number of vehicles——
977 shares- of- preferred not issued in exchange will be applied, with
—V. 162, p. 2687. '
y other funds, to the
retirement of the old preferred.
Proceeds from
/ sale of the 3.023 shares will be added to company's general funds.
Taylor-Colquitt Co.Smith, Barney & Co. and The First Boston Corp. are named principal ;
underwriters.—V..463, p. 468.^
Years Ended Sept; 30—. 7
»
MM —
Jan/ 2, 1908, was the basis for
name.
The fourth company
/
>
/
purchased the business of _an
// English partnership which had been founded in 1864 and incorporated
the business in England under the name of Short & Mason, Limited.
In
1930, the company organized Taylor Instrument Companies of
Canada Ltd,/ in Canada.
Both of these companies are wholly owned
/ the
•
$362,610 /
..203,343 '
.
—.
.
.
-
BUSINESS—Company was incorporated in New
York Dec. 4,»1907, as successor to Taylor Brothers Co., which was
incorporated in 1890, and which, in turn, succeeded a partnership, the
/ business pf which was originally established in 1851.
Taylor Brothers
Co. had acquired, control of four domestic corporations manufacturing
similar products.
The merger of Taylor Brothers Co. and three of
|
1,700
2,863
MM
!
.
$277,387
128,900
.39,041
$1.96
1,866,160
.
;v/:?
Standard Fire Insurance Co. (Conn.)—Report—
See
Life
Aetna
Insurance
Standard Gas
Retire
More Time to
Co.
above.—V.
& Electric Co.
162,
818.
p.
SEC
—
Depreciation
Company
Income
Obligations—
.
Note and Debenture Holders to
//: Company stated Jan.-28 that it has
33,240
taken
be
Appeal—.
The
orders on
$2.12
—
Sept. 30,
.
provision for adjustment of prices every 90 days.
Clearance/has been received
BALANCE
;
1944
1945
$179,291
,
w—-
S.
U.
„
t
Cash;
%
savings bonds
$143,805
87,50»
318,653
117,500
receivable
406,060
Accounts
Inventories
Post-war
refund
Investments
and
profits
excess
other
tax
a
assets——
$2,411,568
—
Fidelity-Philadelphia Trust Co., trustee, 135 South Broad St.,
Philadelphia, Pa., until 12 o'clock noon of Feb. 1, 1946, received bids
for the sale to it of first mortgage 6%
sinking fund gold bonds due
Aug. 1, 1947, and bonds of said issue extended to Aug; 1, 1957. The
7, trustee held 512,047 received by it as the proceeds of the sale of
pertain property and equipment no longer necessary for the proper
conduct of the Standard Ice Co.- Said sum was applicable to the
purchase and cancellation of bonds, at the lowest prices obtainable,
11,656
Aot exceeding thd redemption price thereof,-!-V» 155, p, 2373»
California—Promotion-^- |
Cs> E7
Assistant Vice-President,
Jjv,
Finney,
/ Vice-President.—V. 163, p. 320.
has been
S7/LIABILiTIES/i|;;7l^
Notes
Accounts payable and
Total
*
elected
not? affected
because
of the
; parts
of
cents, per gallon, depending
supply points. Some localities
,
various
V ' >
and' heating oilto Wholesalers
'
in
at
oh
The- directors
dividend
25
of
basis/for
cents
share
per
stockholders
to
of
respectively. On
;
share
28
record
on
placed
1946/
March 12,
year
on
March
made
was
Jan;
the
March
10,
the
'
last
the
12, Sept.
June
2,
June
l,
year,
common
a
stock,
$1
a.
the
Aug.
of
compared
with
-
.
30,
per
/Three wax
producing plants not previously known were
up the great Amazon River in Brazil by Nelson
of the foreign division, Hilton-Davis Co.,
director
/
discovered
miles
600
Drug
S.
Sterling
who
^
recently
returned
from
an
expedition
to
shares
issued
J,
new'wax is needed, according to Mr. Knaggs, to
produce wax
lipstick, records, printing inks, shoe, auto and furniture polishes,
waterproofing and many other applications. The carbon paper industry
alone uses an estimated 15,000,000 to 20,000,000 pounds a year, he
said. Because of present scarcities, price of wax has soared from
35 cents tp 41.50 a pound.
>
The
addition to
the
wax
producing plants, Mr. Knaggs studied uses
including one used in treatment
pf leprosy,—V, 163, p. 112.'
plants
for
medicinal
28,
are
55-eent
common stock, of record
.being, offered the
being made at $10
of
the
preferred for
Underwriters.
; Each
vertible
to
•'
subscribe on
before Feb.
or
13
into
of
IVa
stock
common
stock ($8 par).
The offering
share in the ratio of' two-ninths of a share
each share of common held.
Burr & Co.
ara
the
preferred stock offered
shares of
common
1
H
Net
sales
profit on sales__
Sell., adm. and gen. exps.
Gross
of
*
of
par),
which
„
.
OF
to
the
will
180,440 shares
EARNINGS
$209,123
$1,832,536
$1,578,927
26,130
23,018
$212,616' $1,858,666
income— // 105,000"
1,235,000
$1,601,945
/
3,493
•
V
bef.
taxes
Prov.
for
Fed.
on
taxes
./
contingencies
1,170,000
27,000
39,000
Surplus
$107,616
:
..
59,684
Dr8,108
$584,666
^ -
Inter-company dividends
received by parent7
$404,945
52,232
Dr8,108
——————
for
subscription
163, p.
is
con¬
and
profit,
subsids.——
of
$4.50
issuance
preferred
Additional
in
stock,
$1,557,197
1,120,000
,
$403,197
51,633
connection
with
the
A
(no
X>r8,108
$636,242
"■
$449,369
$446,722
quarterly dividends at a
$20 par value common
4,400
dividends
60
par),
upon
year
acquisition
1937
equivalent
and
Aug.
share in the company's fiscal
its fiscal year 1942.
On Nov.
declared, and on Jan. 2, 1946, paid, a dividend
to
2o cents
of' all -7 29, 1945, the company
per
cents
per
share
in
payable,
trade,
accounts payable,
$227,865;
$356,050;
liabilities,
accrued
and
provision for estimated
profits
excess
Terminal Refrigerating
Warehousing Corp.—Calls
&
The company recently called for redemption on Feb. 1, 1946, $26,000 of first mortgage sinking fund 4V4%
bonds due April 1, 1948 at
100 and interest. / Payment is being made at the National Savings
$5 Trust Co., trustee,
Thatcher
Washington, D. C.—V, 146, p. 2063.
Manufacturing
Additional
of
Co.—Listing
Common Stock—
The
York
New
Exchange
Stock
has authorized the listing of 8,086
as a 5%
shares of common stock (no par), to be issued
the holders of common stock outstanding Dec.
additional
to
1945,
28,
shares of common stock upon official notice of
payment in full upon exercise of outstanding options to
officers and employees, such unexercised options calling for an aggre¬
and
additional
760
and
issuance
.v
of 15,200 shares, making the total amount of common stock
authorized to be listed 317,782 shares.—V. 163, p. 112. / c,
; y; :
x/ :
gate
|
Unit—
Tide Water Associated Oil Co.—Sells
The
company
has sold • Granberg Meter Corp. (California), one
# of its/smaller subsidiaries'manufacturing and distributing service
/fetation pumps, to. National Pumps Corp.—V, '162, p. 2991. ,
.
Toklan Royalty Corp.—Earnings—
1944
/
1945 : ./V
Years End. Nov. 30—
Oil and
gas
Gross
o'ioo:
$124,304
34,232
-revenue-!;--!-./
Operating profit—— 1
Income—
—
'/
i
37,637
1,501
Fed. & State income tax.
//
Net
Cash
Income—!!—---
dividends
tTnr.lurtps
paid—
$2 QBfi for orior
12,444
10,6491.
:
12,920
/ -.$115,406
$124,876
33,781
34,489
•
? :
j
$81,625
~
3,289
$137,424 >
$84,914
$93,530
43,894
$91,584
Expired and abandoned
royalties and leases.Depletion
Depreciation
Interest paid——
$101,783
.v
$123,997
33,467
1,511
income———,
11,864
,
8,658 ;
$90,073
v
;
12,127
"
Oper, and general exps.
Other
$90,623
$106,211
Indian headright
income
.
-
$115,104
1942T /
1943
.
sales—--!.
Lease rentals Si bonuses
Total
of
Pfd, Stock
investments,
34,000
1,; 1935, the company has paid regular
rate equivalent to 20 cents per share on the
stock now outstanding and alu> paid extra
the listing
series
$107,616
profits
excess
for doubtful accounts
Bond$~~
$1,531,258
;
.25,939
co.
233.
OCT. 31, 1945
hand, $1,582,813; U. S. Government
cost (market $367,136), $359,866;
at
reserves for contingencies, $425,857; reserve for insurance
$78,27B; capital stock (par $100), $3,185,400; capital surplus,
$45,730; earned surplus, $2,466,232; total, $8,786,618.r-V." 163, p. 320.
v
Profit of subsidiaries—
Federal
$3,712,484;
income
•
Profit
on
risks,
be
"
*
.——Year Ended July 31-—!'
Oct. 31/45
1945
> 1944
' 1943 •
$2,409,391 $12,765,000 $11,244,938 $10,099,899
788,526
4,338,567
3,572,069
3,915,042
579,403
2,506,031
2,336,115
2,040,811
/
,
taxes and for renegotiation (after /
deducting U. S. Treasury savings notes, series C, at cost, of $500,000),
Osage
/ Profit from oper.
Other income-!-
Combined
stock.—V.
Sun Cliemic* Corp,-r-Listing of
notice
amendment
•
7 The New York Stock Exchange has authorized
additional. shares
an
3 Mos. End.
_
DIVIDENDS—Since
official
($20
SUMMARY
•'
Company only:
for
a
.
share
and
at the close of business Jan.
cumulative convertible preferred
Is
7
right
value
of
(after reserve
$31,638;
dividend
par
1,500
1,500
5,000
securities
LIABILITIES-—Accounts
Federal
the company's capitalization will consist of 250,000 authorized
of
'
:
'
Fed.
The holders of
$100
and outstanding.
purposes,
Sterling Engine Co.—Rights to Stockholders—
,
;v
of
'>
•
^
share
No, of Shs.
"
'
$1,969,568;
determine
for
In
one
the
'
years.
incorporation/as amended, effecting such split was filed
the Secretary of-State of New York on Dec. 26, 1945.
effect to this action and the sale of the treasury stock now
Giving
-
Sterling' division'is now'analyzing the • plants to
; whether their wax can be adapted to commercial uses, v :
The
of
.
pother,
the net cash proceeds from the sale
stock ($587,468 before deduction of
the office of
offered,
South /
America.
each
for
in
and
underwriters
stock which .each has agreed
taxes, $227,244; accounts
of;$45,000), $1,217,188;
$349,960;
fixed
assets
(net),
$1,276,225; -insurance premiums, $60,839; total, $8,786,618.
.
refund
inventories,
certificate of
*
marketable
other
receivable
I/ On Dee7 AO,; 1945f/the7 stockholders voted to split, the authorized /•
ahd issued shares on the basis of five shares of $20 par value each V
Knaggs/K
Division,
Inc;,.
add
common
several
T Sage. Rtftty
—
post-war
1945, balance sheet at $3,185,400,
,
Sterling Drug, Inc.—Three New Wax Producing Plants
Found by Hilton-Davis Explorer—
.
period of
will
shares of
21,170
f
BALANCE SHEET,
pany
cents
30
the
con¬
the
Little & Hopkins, Inc.—
Co.; Inc.—- '
13,170
ASSETS—Cash in banks and
and
CAPITALIZATIONS-OA Oct. 31, 1945; the capitalization of the com¬
consisted of 50,000 authorized shares of capital stock ($100 par),
of which 31,854 shares were issued and outstanding, and 4,234 shares
had been issued and reacquired and were held in the treasury.
The
outstanding capital stock of the company was stated in its Oct. 31,
12,
cents
60
by the Estate nf Herr
of
the
of
No. of Shs.
„
rate
12 and Dec.
31 and .Nov.
distribution
as
on
at
company
cycle
a
common
George D. B, Bonbright Ss
expenses
estimated at $40,513)
to its working capital funds.
No
specific allocation can be made as to the application of these funds,
as
the company has no present plans for major plant expansion or
improvements.
The company's principal purposes in the sale of its
stock are (1) to liquidate its investment in its own stock, thus making
available greater working capital for business purposes and (2) to
assist in the establishing of a broader market tor its stock for the
futurA/benefit of the/company and its stockholders, /
.
rtock
quarterly
employees of the
in
volume
names
The First Boston Corp.—
,
per
PURPOSE—Company
on
)
common
payable
March; 1Q, 1944.—V. 163, p.- 320.
on;
,
$18
the company over a
/
Stores, Inc.—Common Stock Placed
;
tAfter
and $30,030
|
*
r
share.
7;>
The offering consists of treasury stock reacquired by
of
Agbnt\ Appointed^-
Annual Dividend Basis-^-
'
are
While these instru-
"Flexotimers."'
adaptable
be
UNDERWRITERS—The
Winni deceased, piirsuant to: the terms :b£ his will
bert J.
The Continental Hank & Trust Co., of New York-has beert appointed
transfer agent for the common stock.—-V. 157, p. 127$.
<" s-
Sterchi Bros.
'
to
^respective numbers of shares of
•to purchase are as follows:
/
Taylor Instrument Companies—Common Stock Of*
ieretl^The First Boston /Corp/ headed an investment
banking group which offered publicly Jan. 31 21,170
Shares of common stock (par $20) at $30 per share. In
Addition, 9,580 additional; shares ■ are being offered to
existing subnormal/prices,
Starretf Corp^Transfev
7
161, ,p; 49,
name.
time
and
controllers,
temperature
the traae
ACTIVITIES—The
Co.
.
>
$2,305,255
^71944!.
hut not; including; ? West Virginia, will also
be made In the near future. *
.
,
' ,
,
The reductions are made possible, according to the announcement,
by
increased
efficiency
and
reduced
co^t
in
transportation.—V.
163, p. 469.
4
«
*
<
$2,411,568
——-
—
deducting
area;
same
—-
In 1944.—V.
kerosene1
on
,
,
line
..
268,816
268,816
i.1,016,418 : / 943,92?
——
•After depreciation of $782,850 in l945 and $bl3,m
U. S. Treasury tax notes of $100,200 in 1945
a
general reduction in wholesale prices of gasoline, effective on
23, in the states of North Carolina and South Carolina and
of Tennessee, Virginia
and West Virginia
was
recently
announced by Standard Oil Co., of New Jersey. The price reductions
Price' reductions
———
>
-
>t
vary with locality,ranging up
to tV*
on
method of supply and distance from
„•
77,719
•"
parts
are
Capital surplus.
Earned, surplus
.
Jan.
!
,
•
A
in
// $475,000
167,33$
taxes; (other than income)—.
5,843,1 /.>41,676
tReserve for taxes on income——^--——
245,157
102,116
Common stock (par $5 per share)-—.426,000 " ' 426,000
Standard Oil Co. (New Jersey)—Prices Reduced—
'
payroll
accrued
;
Accrued
< <
<
17^;
|f ^7.
.payabla/-/-/^-^—« $282,000.
industrial
the
ih
company's business
greatly increased during the recent war years.
Neverthelss, over 90%
of its output during such period consisted of instruments of the type
normally manufactured by it.
Consequently, the company has not;
been faced with
a
reconversion problem.
As an indication of the
extent of the company's sales during the war years for direct or
indirect war purposes, the following percentages of its total sales were
renegotiated by the appropriate governmental agency for the fiscal
years ended July 31: 1942—72.88%; 1943—63.02%; 1944—62.69%.
It
is expected that approximately 67% of the company's total sales for
the yeas ended July 31, 1945, will be subject, to renegotiation.
^
V
On Jan. 22,
1946, the company had unfilled orders in connection
with war contracts aggregating approximately $57,000.
It is expected
that all of such orders will be completed by June, 1946.
«
- = ;
a
v
$2,305,255
The
type
under
designed
are
7 "./'..WARTIME
136~809
v
;
automatic- control
of
variety
included
wide variety of forms to
the usual needs of industrial processes, in many cases, where
such adaptation cannot meet a customer's requirements the company
/designs, engineers and manufactures-the necessary instruments.
'
_•
.The company's industrial products are sold to practically all indus¬
tries.
The principal industries served
are the
chemical, dairy and
petroleum industries, together constituting about 45%
of the com¬
pany's total industrial sales; other important customers being the
rubber, canning and food processing, textile, air-conditioning, refrig¬
eration, public utility and pulp and paper industries.
"
404,041
plant and equipmentcharges and prepaid items
wide
a
.
3,304
151,255
509,245
22,930
"Property,
Deferred
1,202,792
1,021,982
———
ments
with
instruments
I; meet
SHEET, SEPT. 30
ASSETS^-
stem
trollers sold
/
$xceed the exemption allowed of $500,000.
Standard Ice Co.—Tenders Received—
,
/ expansion
( 4
renegotiation of government contracts
on
Other
thermometers, hygrometers, industrial type thermometers,
motors and valves for process control,' self-acting and
stem
diaphragm
;
the debt partly
*7'; in cash and
it owns.
That
plan had been approved by the Securities and Exchange Commission
and will be modified to provide for payment entirely in cash if the
decision of the District Court is upheld on appeal.—V. 163, p. 233.
Standard Oil Co. of
etched
available
are
mechanisms.
through fiscal 1944 and total government sales for fiscal 1945 did not
•
oeen
sold
are
instruments
1941, were $1,417,000 and 6n Sept. 30,
of $1,116,000. The much higher ratio
of unfilled orders to inventories does not, however, indicate a short
position as quantities stated in sales orders and contracts are tentative
and are based upon our ability to produce.
Every order also includes
previously proposed to discharge
by distribution of stocks which
had
partly
Cr28,243
share-——-
per
Unfilled
advised that an appeal
by holders of notes and debentures from the decision
company
for prior years
1945, $2,533,000 or an increase
.
,.
$180,568
$208,811
Earned
anemometers.
!;:/ products
.
year./!,—7;-——
———
! of the U. S. District Court for the District of Delaware which held
that the company4 has the right to call- its notes and debentures tor
payment in cash.
V
pressure instruments; compasses; rain gauges; and
Approximately
60%
of
the
company's
commercial
to the hardware, drug and surgical supply trade,
125,400
and the balance
to miscellaneous customers such as optical stores,
24,361
scientific supply houses, department stores,
mail order houses and
jewelry stores.
Sales to the hardware and drug trade are made pri$171,711 /
.marily through wholesale distributors while sales to others are made
.Ur5,325
largely by direct sale to retail outlets.
/
The company's industrial line consists of instruments, used in indus¬
trial processing, which measure, indicate, record, indicate and control,
and record and control temperature, pressure, flow, of fluids, liquid
$166,386
level,
load
and
humidity.
The indicating and recording control
/ $2.01.
//instruments
are
sold
under'the
trade
name
"Fulscope."
- These
'
74,833
266,000
Adjust, for deprec. and deplet.
/'less taxes
•
maximum and minimum registering thermometers,
bath
candy and domestic cooking thermometers and other
thermometers;
hygrometers;
altimeters;
aneroid
mometers,
/ special
purpose
barometers; blood
$396,305
Reneg. refund on gvt. contracts for fiscal 1942
applying for the extension, the company notified the Commisbanks which had agreed to lend it $51,000,000 for. the
transaction have raised legal questions relative to the period during
which an appeal may be taken from a ruling of the U. S. District
Court.
In the latter, Federal Judge Paul Leahy on last Dec. 29 de¬
creed that Standard had the right to call the notes and debentures
for redemption within 30 days from the date of his decree, or within
such further time as the SEC might grant.
Judge Leahy's decision has been appealed to the Circuit' Court by
note and debenture holders, who are opposed to Standard's present
plan to pay them off In cash instead of partly cash and partly in
company-held stocks as originally proposed; that
sion
;
deduction
"Profit 4or7
?In
will
•
nature of the company's
substantially and place
6 thermometers,
31,170
;
61,137
-:Other, Reductions/*—--——
request of the company the Securities and Exchange Com¬
mission on Jan. 29, granted company a 20-day extension from Jan. 28
to effectuate the call of its notes and debentures for retirement.
'
$540,945
——
tax
:
47,086
,,
Total income
Gives
1944
$365,135
$493,859
the
At
•
before dep:
7!———
Other income
•/
194$
,
profit
'
greater emphasis on production of itqftis for industrial use.
The company's commercial line includes fever thermometers, labora¬
tory thermometers, advertising thermometers, wall and standing ther-
•
Operating
:
company..
is
instruments
Wartime activities did not materially alter the
business other than to increase the volume
i
»
on
present
company's
engaged in the manufacture and distribution of scien¬
for indicating, recording
and controlling tempera¬
ture, pressure, humidity, flow and liquid level.
Company's business
is
classified generally into its commercial line and industrial line.
Sales of products for industrial use normally account for approxi¬
mately two-thirds of the company's total dollar volume of business.
$1.90
2.210.80Q
'y
.
the
of
Company
tific
$106,997
shs.
com.
•
the
of
•
/ subsidiaries
41,490
$120,226
adoption
was merged with the company in 1919.
;
In 1900, Taylor Brothers Company
$148,487
$159,267
stock.
AND
these subsidiaries into the company
*
$275,686
$359,747
-W
—mm m
'
<
about April 1, 1946, of 25 cents per share on
on or
common*
new
COMPANY
4
Registers With
—
the
Tacony-Palmyra Bridge Co.—Earnings—
,
—-
"(A. E.)
equivalent to 25 cents per share and an extra dividend equivalent to
15 cents per share on the common stock now outstanding.
It is the present intention of the board of directors to declare a
/ dividend, payable
legal ,"
and
attorney
y. 163, p. 469,
.
William A. Shea of the New York law firm
of Tucker & Shea; William D. Slebern, Vice-President of Sperti, Inc.;
Robert C, Schock and Patrick J; Griffin.—-V. 160,..p. 2336..
conseior
695
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4461
3,004
39,079
4,451
.
/
1,138
4
-
2,693
36,916
/;
199
$90,387
/•
3,789
$94,176
•
1,185
41,036
196
233
523
1,350
~6"500
t3,161
~2/240
$46,121
$87,704
$41,712
39,021
58,531
39,021
$49,520
39,021
vears
THE COMMERCIAL & FINANCIAL
CHRONICLE
696
v>":
BALANCE
NOV. 30, 1945
SHEET,
LIABILITIES—Bank loans
'
••
ASSETS—Cash on hand and in banks, $138,231; accounts receivable,
$2,581; materials and supplies, $1,085;-funds held .in trust (contra),
$21,977; U. S. defense bonds,' series "F" (at cost),
$44,400;^ fixed
assets'
(after
reserves
for
depletion
and depreciation of - $2o0,392),
$276,022; non-producing royalties, $181,514;- undeveloped oil and gas
properties, $1,508; property purchase option, $7,233; deferred charges,
$701; total, $675,252.
;i Yy'!
./» LIABILITIES—Accounts
cash
: ■
stock,
series
"A"
patronage
unclaimed
(including
mortgage bonds,
deemable
Interest
of
be
to
mortgage income bonds
outstanding,
matures
1946,
3'i,
payable
the
New
1,
has
Trust
Co.,
distribution
was
of
ments
last
15
of
$5,
par
Sept.
15
cents
payable
year
and
corporation
and surrender of such coupon
100 Broadway, New York, N.
the
Sept.
on
1, last.—V.
Y'-;*
'.
•
1
*
•
Net
■
'
.4
as
of
162, p. 504.
6,020,998
-1—-LiY-2-
' $1,739,922
Balance
from
•
-1-
income——.
.Interest
on
Loss
sale
on
of
J
*
prop.—.
for post-war cont.
Prov.for est. Fed. norm;inc.
taxes &
'Excess
Ca3h
/
divs.
$778,943
.1,591
23,000;"'
"'
■'
*
25,000
45,000
Other
Net
'
Div.:
$184,830
paid——
$232,889
$227,734
80,000
retirement credits.,
CONSOLIDATED
BALANCE
SHEETS
ASSETS—
.
Cash
U.
S.
hand-—.
notes—Tax series
and
Treasury
cost
at
■Y:
v
banks
in
(INCL.
>> $635,421
A
and
,
lower
of
cost
market
or
-i.y
:bther;;: assets
822,214
;
assets,
Intangible
Deferred
at
cost
—-
—
———
—
22,189
LIABILITIES—i '
Bank loan, installments maturing within -12
Accounts
payable,
Accrued
and
officers'
for
Federal
loan,
Deferred
Reserve
misc.
taxes
accts.
payable-—
(est.)—i-
installments maturing after 12
income
for
(unearned
858,432
mos.
Earned
surplus
:
909,814
1
;
—_—
under
$3,322,687
•;
The
of
724,984
•:
-
%
&
loss
124,872
of
BALANCE
SHEET,
OCT.
31,
Add'l
1945
hand, $1,292,715; U. S. Government
on
-Y; Y
notes, tax series, at cost or redemption
$3,623,580),Y$3,621,550; trade accounts >
$33,719), $1,781,892; accounts receivable Si
inventories, $6,661,475; other assets, $71,784;"
H.
the
War
■
new
Calif.,
in
post
plants,
(after
warehouses,
of
reserve
(estimated),
land,
$1,171,624
$744,203;
buildings,
and
ma-
>
for
reserve
-v'
'
y v I*
/
-v
'.7
' >■
"
'
•
;/'
t
.
■
-'•
insurance
and
general
-
re¬
stock of
common
Jan.
Columbia Gas
& Electric
19. *>'
"
:
stock
New
York
sold
was
shares
of
Stock
which
of
a
price
Exchange
under
the
authority
.
of
has granted
not
and
manager
of
the
Canton,
Ohio,
will
be
to
holders
of
of
one
be
added
its
at
common
rights to
price to be
a
All
due
of
1946
0?
the
July
v
The
stock..
for each 2V2 shares !>
by underwriters and of¬
filed by
at
1955,
Pfd.
In
addition
and
the
The plan is
_
100 and
Commerce,
price,
to
the
increase
in
bank
a
pay
loan
of
to
be
mailed
United Grain Growers, Ltd.
(&
Profit
for
year,
1945
plan
\
redemption
the
the
on
before
charges
Interest
on
Directors'
Total
bonds——
fees
of
stockholders
>'•.
amount
counsel
and
Contribution
of
paid
$1,137,189
105,959
11,505
—
...
v'
>
of
of
the
30
under
38,500
32,300
34,400
respect
pension
Annual
meeting expense
Provision
capital
Provision
Profit
? !
for
deprec.
assets
for
for
19,001
493,273
486,103
230,000
225.000
$290,511
year.
hand
BALANCE
and in
$245,153
:
$244,769
SHEET, JULY
31.
-
r
'. ^
..
11
,
■
/
the
quarterly
18,484,277
that
announces
to
21,052,179
Its
8,703,252
100.715,813
.
31,
Sept..
1945,
1945.
30.
Dec.
■
.«
-
-
3tf £1945,
'
.'•
-
•
.
962.480:
- or
decrease, of. 18,786
stockholdings by
all others
representing
Common
7,740,772 shares,;
were
while
n
outstanding.
names,
outstanding
preferred stock
stock
common
shares,
'
brokers''
in
shares, since
Of
in
share
per
f.o.b.,
vessels,
going
ocean
enables
to
us
subsidy
1
of
of Feb.
as
8,
quarter
$13,267,300,
1945.
a
$8,941 ?«<.
or
in
a
made
of
Jan.
costs
rubber
will
r
,
•;
f
:
is
the
"--'p
fourth
that
the
$1.75
per
record
stock,
to
a
•
v
.
was
to
with
-
>
assets
this
than
-
in
"
this
1945.
31,
Dec.
31,. 1945, amounted • to
compared
with
474,342
holding of preferred
or
1.532%
on
Dec.
31.
1945
ngainst,,
held Sept. 30, 1945.—-V. 163, p. 112.
common
of
Sept.
shares,
1.548%
or
the
company
so
the
issue,
1945.
30,.
Foreign
Jan.
on
25,
announced
for
the
29,
executive,> Jonathan
Peterson,
p.
the
Irving Trust Co.,
899.
-
■''
Y
■> •
1
;
New
in
;>
4''
'
'*
-
York
the
the
for
Federal
first
was
proclamation
of
income
quarters' and
the
1945,
associated
years
of
income
as
report.
represents
a
for
;
an
As
this
Federal
whole,
the
the
five
Income
effect
years
before
average
4.6^-.
tax
thereof
1941
to
Interest
annual
of
was
current liabilities)
September 30, 1945,
income
of 1945-or
at
Dec.
The
return
The
for
on
The
for
31,
the
1945.
year
Is
1945.
The
balance
the
Under
year
the
Holders
the
plan,
The
proposed
of
of common
name
plan
'
11
t
v
Recapitalize—
share of
each
non-cumulative
stock
is
is
period
investment
cost
The
is
in
of
associated
remaining
$57,168,399.
per
4
Y
,
com¬
preferred
stock,
while
re-
which ,retain their present holdings under
one
share of
class A
for each
25
;
to
stock
second
preferred stock.
the extent earned.
preferred stock has
arrears
class A
the extent
no
of $.-;
will be changed
The
present
to
class
Y
.-
A
1
voting power except If the dividend
a
share,
then holders
have one
vote
share,-the same as the common. Similar conditions prevail In the
A, on which no, dividends :have been.-paid In a. number of yefirs.
class
The
stock
reason
for each
explained,
would
10-15
cumulative to
$6
stock,
of the $4.20 convertible
$4 20
of
158,
common
reflected
fShlpmentsr of finished steel products in the fourth quarter
'
'
receive in addition
stock held.
will
which
remaining
$113,688,733.
V.
tainings its rights to current dividends of $6 a share and accumu¬
which totaled $6 on Dec. 31, 1945, will receive in addition one
share of class A stock.
•'
; •*.- -
adjustment,
such
469;
restriction involving distribution of earnings, the
present
shares
is
p.
said, "acts as a cushion" for the preferred stock and makes the
the class A stock "very remote, even when
arrears
of preferred dividends are paid off."
amortiza¬
1945
163,
'!;'
lations
President'of
additional
-lta
prospects of dividends on
1945,
Sept.? 30,
v
pany
•
124(a)
oh'
tlme> of
■
special meeting of the stockholders has been called for March 8*
to act on a olan of recapitalization aimed at removing a restriction
on
dividends 'on stock junior to the $6 preferred stock, the company
announced..
vf.YY'Y::
Y'-'!' '■>•■;> ■
Y.!?
the'first nine
taxes
three
4he
A
for the
Section
at
City,—V.
:
'
United Stores Corp.—Plans to
less
$10,660,677.
with
elected
in 1911.
!??;!'
March, 1939, Mr. Peterson has served as Executive Vice-Presi¬
He is also a director of the National Tobacco Co., of Canada
dent.
and
ending the period for amortization
thero^-was additional amortization
for
the
war
this
and
for
to
computed
Jonathan
Since
dividends
income
of
organization
March
1945
election
Peterson,
chief
on
-
the
Peterson as President to succeed the late John M. DeVoe.
third President of the company, is the son of its first
Whitney
including
$2,987,592
the
accordance
less
reserve
shares,
The
Mr.
1946,
1,
•«
or
purpose,
was
in
at
quarter
Dec.
United States Tobacco Co.—New President—
>•'
; Federal- income tax adjustment is $78,104,664. The loss of $35,584,060
'.also has been charged in 1945 to the reserve for estimated additional
costs arising, out of war, and so has no effect
upon income for the
fourth
since
10.100
1.523%
held
55.181
were
55,781
directors
share
Feb.
costs,
Income
year.
reduced
years,
Code,
the
of
part
shares
2,022,746
3.450%
or
stock
quarter
payable
all
$57,045,093,
the
for
been
basis
of
Sept.
1941,
five, years
facilities
this
facilities,
the
1,586
of
holdings of common stock Dec. 31, 1945„
%.v Brokers'holdings of preferred stock
or.
or
Foreign holding 'of steel
shares, or 5.424%
:
after
$1,740,872 less
or
available
have
result
on
statement
were
York State
were
shares
now
1944.'
Revenue
on
1,
1.618%
held
by
all
others
amounted
to
the outstanding Issue, Dec, 31, 1945.
of
brokers'
shares
shares,
increase
an
or
shares,
stock
472.054
of
common
1945,
;
in prior
as
a
1945,
58.284
holdings of Common stock by all others Dec. 31.
shares, or 23.242%
and holdings of preferred
stock by others Dec 31, 1945, were 1,333,167 shares or 37.004%.
of
change
New
1945,
representing
reserve
would
together
(total
;
As
States
54,888
31,
98.382%
or
State
879.053
outstanding,
Preferred
shares
York
NeW
Dec.
names
1945.
30.
were
maintain
or
1946.
of
for
emergency
brokers'
stock
1
than
1945,
preferred
were
s
natural
dividends
the
on
full
war
a
the
3,544,527
pound for standard
per
Feb. 20, to holders of
less
calculated
■h: applies
the
v-
4,096,563
? commoh"; stock!
the
Dec.
,'
period.
Internal
the
period
.
-5220,810
!'.
V,r
y
$7,724,335
'-:Y'•,v''
;
amounted
1.945.
were
-
Corp,—Quarterly Report—*
year 1945
declared
for
quarter
United
1945
7'
to
the
of
of
130,000
banks.. $310,793; Dominion of Canada
31.
Of
•;
cents
use
Amortization of emergency facilities
of
495,195
bonds, $200,000; accounts and bills
receivable, $605,283; inventories.
$10,258,120; deferred and prepaid*
charges, $92,328; investments, $98,492; employees' pension, $225,050; bond
discount and expenses'(less
amounts written off),
$67,202; capital assets, $5,302,478; total,
$17,-
lo9.752.
'
v
18.095
225,000
758,596 >
of
corporation
The
needed to
improve the auality and
products. Y Such a move will
be
con¬
order not only
in rubber,
but
in
labor,
other materials."—V.
163, p. 469.
dividends,
of
68.509
>17,637
20,629
ii
ii
steel
totaled,3.002,811 shares.
badly
fourth
this
for
months
38,225
.96,665
501,605
■_
on
;.
the
been
not
fourth
tion,
CONSOLIDATED
ASSETS—Cash
had
9.980
■
f§
2,987,592 i
.1,740,872
"
have
been
charged to
the reserves
for
estimated
additional
costs
arising out of war, provided during the four years 1941-1944. - If there
of
taxes_;
the
Y
for
$3,746,188
131.568
;Y '
5.56
M
forward
products (N.T.)
Dec.
>
date
rubber
and
$1
amounted
the
were
legal fees
in
4.08
Number of Stockholders—
>■"'■>
earnings of the corporation for
S. Olds,
Chairman, announced
of
for
Income
as
employees'
is
declared
dividend
taxes,
$1,112,383
9,280
;4|I>y:3:65-
.80
plan'
42,096
inventory' losses, deferred repair
>; and maintenance and other expenditures, in the amount of $2,600,623
-
174,065,040
126,098,385
highest
Irving
Jan.
than
y
■
9,875
additional
it
many
the
chemicals
Income
-
bonds
1942
119,534
367.887,760
34,813,008
Y Y':
,stock
finished,..
1
'
2014
•
that
where
Additional
$1,233,288
i
at
delivered
to the producing areas. It
makes i; unneccessary
any
expected
1945,
had
.•-•
$1,186,302
100,000
;
—
fixed
sheet
p. the preferred stock, payable
and
L •1943
60,791,281
25,219,677
34,813,008
'
the direc¬
or
;;
25,219,677 i
j
for
S h i p m e nts
"recap-!>
of
by
57,045,093
6,304.920
8,703,252
!
;
for future needs
•
payment
to
here.'
is
Reporting
Subs.)—Earnings-
Y,1944
373,982,140
wi.itii.r.
Carried
r
of dividend
>..
said:
company
was
smoked
permitted
textiles,
„
Years End. July 31—-
65,000,000
13,267,300
!
shr.
per
Sept.
this
which
equitable
servation
■
.
31,000,000
of
redeem
or
working capital,
arrears
c.
of
performance
of
the
for
Seattle, Wash.
2.500,000
»»-.
,
economy.,; It
"It
redemption on Feb.
1,
Payment will be made at the National Bank
interest.
trustee,
217,364,386
divls.-^-
common
'
President
and
$ be
Adamson
3%-5&
26,918,580
40,801,715
taxes
dividends..-
Inc.
on at a
special meeting of stock¬
:On March,li 1946.
'>
of the underwriters will be filed
by amendment.—V. 162,
"
prices
ended
1923.
fund
sinking
4,979,675
36.793,287
356,784,968 1,086,992,460 2,021,395,614 A015,989,059
-
to
held
names
declared
first mortgage
recently called
were
3,500,653
0,090,822
and
Fed.
Common
amendment.
1946, and will- be acted
to be}
grades
our
Building Corp., Seattle, Wash.- -Re-
outstanding
1,
57,168,399
-
'872,820
L,—,,
taxes- -
Income
share
new
purchased
refinancing, which is to be recommended
stockholders.
9, to holders of record
United Exchange
deems Bonds—
25,000,000'
>
term
Total
v
stock
common
6% cumulative preferred, which as of Feb.
1, 1946, amounted
per sjhare, or a total of $947,160, by the reclassification of
share of 6'Jo preferred into 1.45 shares of a new
5% cumulative
"The
director
a
arising
income.
on
2 410 856
of
Cr3,5~17",643
Cr2.606,623
this
to
,
working
capital.
The
company
working capital is needed to meet antlc.»)ated
United States Steel
and
board
.
Cr35,534.069
local
Estd.
registration statement with the SEC
stock, par $1.
$22.50
y
plant
35,534,069
costs
debt
State,
736,399,981
Fed.
long
on
Corp.—Registers with SEC—
price to be
a
debentures
fair
total
Its
138,997,575
of war
out
a
exceeding 92,344 shares of
Commission
of
123,453,649
;■
misccl).
approximately
5%
Smith,
has
on
18,403.540
of
Int. & other costs
Commenting; on the State Department's announcement of com- .;
of price negotiations for purchase of natural
rubber
from
Netherlands, and French areas in the Ear East, Herbert E. '
Engineering & Foundry Co.—Unit Chairman-
Quinn.
United
A
the
,
company, has been elected Chairman of the
Co,, Akron, Ohio, a
subsidiary.—V. 161, p.
;?,•
123/4.
by United
the company to .sell 200,000 shares
Columbia common.—V.
163, p. 356, .W - ;
United
John
range of I07/e to
has now been sold
Gas
permitted
shares
at
Columbia
792.901,582 3,393.093,724
.
period
-
pletion
;w
The
140,000
:
^70,392,165
'
-
;
"• '"V
Corp. in the week
' v
~
-
inclu.
addit.
applic.
United States Rubber Co.r—Price Fixed for Purchase of
More Columbia Gas stock—
^The corporation has reported to the SEC that it sold 98,500 shares
o-.
v
159,989,467
Cr2.606.623
Natural Rubber—
United Corp.—Sells
.
4
r
amortiz.
uoove
Estd.
property
additional
the
the
Omaha
..
•''
J
1
•
957,232,715 4,105.556,849
adjus.
cos ts
years:
for
reserve
public at
out
top
{■'■■!■ '*•'
'
',
period
tax
Addit.
(249,743
:.v,
''
Jl
'
herein provided
for in prior
.
.
glue
British,
Angeles.
1941-45
.
-
»
Executive Assistant in Los
been elected Vice-President.
He
took over his
pu Feb. 1.—V. 163, p. 469.
5 Years.
:
.
due
assoc.
inc.
of
payable, $454,472; .accrued payrolls, $87,accruals,
$35,602;
dividends
payable,
$131,203;
for
proceeds
"p. 54.
^
Guild,
;
1944
'
.824,457,333
assets
ending
less
value
rate
holders
-
Year
'
sale
on
emerg.
treasury
will
preferred
»
*. *
*
_
1
-vl-v.'i'-Vi;r: v-vvt•
-
amort,
to
.
William
.1945
..
(CORPORATION AND
l
s
serv.
fixed
at the
to
each
of
'New Vice-President—
.
Year,
.
shares of
,
company
$26,047,000.
971,156
of
in Dec., redeemed, at
104.40.
$2,705,000 principal
Oregon Short Line RR., first mortgage 5%
bonds due
.July 1, 1946. The company offered on Dec. 6,
1945, to purchase the
bends at that price, with interest
coupons due Jan. 1 and
July 1, 1946
attached. On Dec. 31, 1945, the issue was
outstanding in the amotait
1
amount
-
faclli,
165.604
provides for the discharge of accrued
•
%
■
1944
279,274
314,888
$162,456,418 $785,726,818 $914,341,158
171,529,943
■«.*
374.615
shares
to
tors
$3,028,108
Y \
bought
118.746
States Radiator
for
italization
75,000
Parker-Wolverine Co. 'above.-—V. 162,
p. 2400. >
Pacific RR.—Reduces Debt.—
&
499,486
shares of common
Aqf Feb. .7,
Union
Year
1945
amortization of
to the proceeds from
$285,000 will be needed to
the $1,664,000 5% debentures due
Aug. 1, 1946.,
The registration statement is in connection with a
to
Total
Bee also
Ye^r
261,871
370,052,269 1,744,037,559 2,082,186,895 9,283,876.815
pens.
420,361
148.200
-
&
475,000
400,000
H-
148,200
'? Products
taxes
emerg..
and
stock
,$1,400,000,
25,000
400,000
.
:
152,554
^post-war growth.In addition
20,357
'!>•
>
$1,063,861
amendment
pointed
928,795
200,000
'•> 100,000
———,—.J— —L->!
•
r
royalty)-----—17,813
post-war
contingencies
Capital stock (SI par value)—
Capital
surplus
—;
,
-
comparison
a
d
n,
700,000
Unsubscribed
Net
3o!ooo
31,500
income
on
$50,000
484,791 J ,'f 533,357
122,137 V Y
92,414
compensation
Accrued
Reserve
Bank
trade
expenses
624,639
52,472
$70,883;
reserve
by
fered
$50,000
1945,
1
and
Quarter
.SUBSIDIARIES)
;
security>>
340,732
113,527
103,118
a-
Wages,
social
124,872
reserve
accruals
92,344
filed
-
mos,
1945
1945
—
4th Quarter
services -sold—
salaries,
>
,
$930,215
;
market
The company
,
held.
v
4th
employes
at Dec.- 31.
>'•
;
————
722,000
equipment
United
$3,322,687.$3,028.108 '
,.
of
quarter
follow:
'.
of
301,398
450,000
banks and
In
$1,394,402;
subscribe
Total
v-
2,843
The company on Jan. 29 filed
for
104,152
20,695
_
1944
1945
$3,099,241
3,628
•
193,257 ."•!
91,133
—
charges————
'
■
170,081
:
(after reserves)——286,245
assets—
it was deemed
r
CONSOLIDATED STATEMENT OF INCOME
;
pre-
extract
"A"
for
,
676^091
748,878
—
_r
Fixed
«
—-
,
-i—"
and
^(j.
inventories,
contingencies,
etc.,
$3,and equipment rehabilitation, $650,000;
shs.,
no
par), $3,111,798;
common
stock
(397,010 shs., no pari, $1,556,279; capital
surplus, $2,918,087; earned
surplus
(since
Nov.
1,
1937), $754,092;
total.
$15,121,919.—V.
162,
p. 2192.
*
-
ty 950,996
—
the
at
.(less -reserves)
,
$2,035,796
_
(after
tax
283,842;
class
expenditures,
'
the. fourth
$3,080,130
4,442
stock—
miscellaneous
income
600,000
.94,319,
-
$1,975,527
$1,851,302
24,000
100,000
including
and
serves,
.
495,000
,
Inventories
940;
$440,124
C;
-—
Excess prof, tax refund bonds, due Jan. 1, 1946
Accounts receivable
(after reserve for doubt-J"
ful accounts)-,^,-
payroll
LIABILITIES—Accounts
SUBSIDIARY)
asset
r
for
'V
V*
number
81,504
property abandonments of $1,183,625). $1,553,822; prepaid
insurance,
$52,571;, sundry prepayments, etc., $15,227; total,
$15,121,919,
'
1945
19,111
—
prior
(quoted
chinery
40,000
Oct. 31/45 Dec, 31/44
on
>
con¬
stock
tanneries,
"
'
i
V
21,676,910
v
60,269
taxes
class A
on
of
$24,838,543
75,428
$1,768,875
months
the. 12
Depletion, deprec.
on
receivable
'
.
Total-
Dec.
were
term debt outstanding
s
1945
years
$833,432
Income
values
$177,610
•
$20,158,371
18,489,069 ^ 18,107,416
72,978
1942
'
82,427
etc.
(miscellaneous),
; 100,000
,
-
the
at
declarations,
31, 1944^;,;:;.,>,
Dec.
at
during
contemplated fixed
statistics
Labor
of
subsidiaries
add $150,000,000 to the $100,000,000 previously set aside
total of $250,000,000 available for -such purposes.After
of
$6,398,751
of
capital obligations during the twelve
.
$1,679,432
ASSETS—Cash
,,
liy.v;':^^
>•
other
the amount of long
Average
73,769
•
profit
Dividends
525,600
->> .':
;
$552,460,609
expenditures
its
dividend
betterments
of
fixed
assets
were
approximately
Dec. 31,
1945,. unexpended
balances for property
replacements approximated $219,000,000.
Because
of
$92,716,293.,
was
with
and
current
to
a
months,
48,762
163, p. 234.
1943
$20,330,921
expenses-
deductions
Federal
47,900
659,160
earned
-1944
$1,605,662
— „—
invent,
securities,
42,000
694,800
-After post-war refunds and. debt
r.
income
for
Prov.
'•
36,000
528,000
:
of
(& Subs.)—Earnings—
75.081
CONSOLIDATED
*
stockholders.—V.
common
18,920,781
-
2,833
25,000
listing
on
\
corporation
the
On
and
and
these
advisable
official notice of issu¬
500,000 shares.
The stock
for
1945
taxes
profit
plant
3,322
.
«•»
taxes—
to
■
$961,807 ",
',
additions
June
>4/
the
and
to
Products
Total
Aband.
-
$768,595
10,348
166
25,000
surtaxes
profits
•:*y''iSTet - profit
; ; surplus
13,697
$996,123
1,434
1,856
Prov.
•
48,409
$1,982,497 7 $1,572,043
1,083,070 " 1,034,387
803,448:;;
$775,853
bank loans-
1..; Pay¬
15,
and
2521,
total, capital
additions
$36,900,000.
retirement
(no par),
applied
subscription to
ord.
income
ferred
—1—
Total
•
Other
$2,074,773
14,693
—
stock
number
depletion..—
Operating
$6,831,736
$948,110*
cents;
p.
The
compared
*.
•;
of
deducting
.
$1,523,634! V
$991,703
4,420
15
162,
Exchange has authorized the
5,308,102 V-
;
March
record
capacity.
assets
after
.
1942
7,208,328
$761,160
15,
each.—V.
$20,601,465
&
&
tingencies,
1,007,797
expenses-;—;
March
of
•
.
common
totaled
rated
1945,
$602,509,355,
Chemicals, Inc.—
common
total
for
holders
of
current
Net
31,
making
sales
Deprec.
$2,031,374$1,928,717
43,399 V
53,780
29,035
$1,768,957
Balance
$9,137,045
> 6,614,735
cents
Years End. Oct. 31—
>
royalties-
Total
Operating
/
"
82.0(o
net
quarter
•
Cost exps.
1943
$7,760,920 ; $8,646,109
goods sold---—
Income
Other
1944
follows;
20
15,
Stock
a
to
United States Leather Co.
Year Ended Dec. 31
Oct. 31, '45
sale.s___^__.._^__2
Cost
End,.'H
10Mos.
'i
making
15
the
on
fourth
shipments
at
Net
''
York
will be offered
Udylite Corp. (& Subs.)—Earnings, etc. Y
•
New
ance,
Y.
by
trustee,
made
The
at
fixed
years),
share has been declared
per
March
were
Dec.
additional shares of
which
coupon
prior
non-cumulative
States Graphite Co.—15-Cent Distribution—
!.
dividend
stock,
general
20-year
the
of
account
on
been
presentation
upon
York
similar
A
March
on
holders
the
to
of
A
shares
United
A
(234,390
paid
class
shareholders'• divi¬
$168,602; first
preferred re¬
$2,300,000;
dividends
4,096,568
tons, as compared with 5,286,322 net tons
of
1944.
Subject,
to
year-end adjustments,
18,484,277 net tons,>a decrease of 2,567,902
net tons from the year 1944.
'
Production of steel ingots and castings in the year 1945 averaged
the
1945
(par $20), $2,848,860: class B (membership) shares
$257,325; general reserve, $1,647,057; capital surplus, $139,earned surplus, $598,458;
total, $17,159,752.—V. 161, p. 316.
038;
Tyler, Building Corp., N. Y. City—Interest Payment—
rate
dividends,
$2,400,000;
;! U. S. Industrial
The
amounted .to
in
(par $5),
shares issued and out¬
standing),
$203,993;
subscribed
(unissued—5,123
shares),
$3,675;;$
capital stock, series "B," issued and outstanding—18,028 shares
(no
pur), $258,702; subscribed (unissued)—(14 shares), $201; capital sur- y;
plus, $95,439; earned surplus, $69,520; total, $675,252,—V. 161, p. 2794.
capital
$470,242;
dends
accrued taxes, $1,622; dividends payable, $19,511; liability to shareholders of Imperial Royalties
Company (predecessor) under court order dated Sept. 17, 1942 (contra),
$21,977;
overdrafts—secured, $2,988,757; grain
and, orders outstanding, $2,256,111; accounts payable and
liabilities, $1,085,302; reserve for income and excess profits
tickets
accrued
taxes,
$612;
payable,
Monday, February 4, 1946
and
A
be
shares
for
the
distribution of
one
additional
25 shares of common held under
share
of
the plan, the
class A
company
is to compensate common holders for-the equity which
placed ahead of theirs through distribution of 95,693 class
to holders of $6 preferred stock.—-V. 163, p. 469,
,; '
-
ll-
'it
Volume
163 " Number
4461
United Stockyards Corp.
CONSOLIDATED
THE COMMERCIAL & FINANCIAL CHRONICLE
(& Subs.)—Annual Report—
STATEMENT, YEARS ENDED OCT.
1945
Income ftom operations:
;
■.
and
bedding—
Other yard
I,
•
-
.
$3,761,104
'.v.
:
.
important
,
national
1943
the
'
1,046,718
!
1,171,751
587,456 '■£
(net).——A-,..;
Total
income
gross
taxes
$5,395,278
.
theatres
that
and
used
the
owned
599,248
groups.'
$6,401,«53
$5,419,527
4,358,761
.
3,758,964
general
etc,,
expenses,
and
its
„
)
depreciation—:—w-._ua
4,369,247
V
Income' from operations..—__
Other incomft-ii.^...
■
' ■
Total
—
Interest
bonds,
taxes
Normal
Income: '
on
u—...
-
570,278
508,213
180.298
33,785
32,734
-
Net income before
-
minority lntv„ Xt $465,208
Extraordinary income
\f Cr112,986
Equity of minority shareholders in
■ .i/:?
$770,493
'• V:.——.
possible
$775,566
_
Net
'•
will
formation
most
may
of
the
three
United
of
Pictures
many
and
jointly
be
The
250,251
$404,458
$542,588
ments
$525,315
on
during
available
made
for
the
be
Pictures
There
alli¬
and
important
countries.
period,
housing
needs
and
the
period.
used
not
in
stock
.
payable
taxes,
Dec.
on
5,
1945,
'7
;: :■
■
-
$239,690;
v;\-
$79,740;
dividend ■'
salaries,
accrued
on
sinking
fund
bonds,: series
common,,
miscellaneous
at
cost
(55,039
,
shares),
Dr$227,036;
total,
■■■;.
v;V A:;.; AAA-;aa'/yy
"V/A-. ?;>
-■
a
■
■
;
v-:'
•
_
Universal Match Corp.^—Consolidation—
March
It was announced
on
Jan.
that
24
Schutter
•
„
the
of
time
owned
merger,
'^.Schutter. Stocky
99%
than
more
of
the
Film
rentals
Foreign
Sales
of
Nov." 3, 1945.
1,
The
STATEMENT,
VMatch
and
;■
at
the
;
-.
Total
-
.'
'
■: v
of
Universal
Co.
Inc.,
126,099
,
Match.
•
makers
manufacture
of-
shares,
Corp.,
of
and
Red- Cross
cough drops,
Mo.,, Hudson,
and
excluding
the-; shares
owned
disct.
and
Net
ry.
.
of
ployees
& jed. of 5fb ccnv, debs;
certain
in
excess
542,243
officers
and
talent,
which
to
has
during the past year an outstanding group of producers
likewise
are
stronger than
Company, therefore,- is in
lems
of
the
post-war
before,
ever
Dividends
.
'
take
to
■
tin
'liyfy growth and expansion along sound
;
The results of the year's operations can be seen
from the statistical
highlights of the year.
But of greater importance than the financial
-results
of
which
and
the
past
promise
1
.
A
ican
motion
Pictures
50,957
-
significant
Pictures
MAJOR
Co.; Inc. *
-'--.i- v-I'
^
PRODUCING
participating in
the
v-
formation
of
of
Pictures
California,
Produce
Co.,
Inc.
plans
minimum
a
and
the
Leo
a
major
new
.
-•
.
of
eight
top
feature
rental basis
a
to be
agreed upon.
productions
|'
I
Such
new
-•
company
whose
^
I
t0
stock
world-wide
•
/Prepaid
United
as
motion,picture
World
Pictures
Co.,
of
International' Pictures
I
distributing organization
Inc.
is
liabilities
minority
dividend
common
subsidiaries
of
not
advances
BALANCE
operating
Britain;--
;
-
■
"
.C
.>•-
•
.
Establish
(IV
f
Accrued
-
•
'
will
v
,
.
eight
1, 1946.
The
with
■'
British
v
pictures
of
distinction
each
•"
.
United
•
"
year,
starting
Sept
—
—
and
to
on
ad-
in
excess
affiliated
profits tax
of
both
as
reflected
countries-in
in
the
close
theatre
contact
box
with
offices
of
the
the
trends
world.
of
popular
taste
tl,417,600
70,000'l
!>..
———-r
•
75,000
$499,082
$439,357
transferred, to
dividends
/••___—125,000
surplus_7--w;i-^s—'
plant and
contingencies.
and
production
of
,
,
$22,000.
CONSOLiDATED BAUANCE BHEET( OCT: 31, 1945 s,",
securities
E.
on :
sale
for
hand
to
demand
and
accrued
and
employees.
termination
war/contract
deposits,
adjustment
claims
inventories.
amortization,- deductions
of
$1,184,511:
$157,075;
other
value
of
$1,060,664;
.
less
and
claims
claims resulting
renegotiation, $32,-
of
profits
excess
receivable,
accounts
(net),
suppliers'
on
and
refund
post-war
notes
.
U. S.
bonds,
$501,834; U. S. Savings
$17,025: accounts receivable
interest,
$8,642;
;
.
tax,
cash
»
life
LIABILITIES—Accounts* payable,
and
other
compensation,
$381,372;
State
income
$89,399;
purchase
on
2,155,485
••
of
deposit
stock,
U.
in
taxes,
S.
Savines
respect
$14,422;
bonds
thereof,
provision
for
$605,436; accrued wages, salaries
accrued taxes other than Federal
employees' pay roll deductions for..;
and
withholding
$8,033),
income
$14,293;
(after
taxes
dividend
$1,221,893;
taxes,
cash
preferred
on
provision
;
.
for
conversion of
plant and facilities to peacetime production requirements,
$225,000; $3 preferred stock <$50 par), $980,550; common stock (60,258
shares,
no
par), $764,222; paid-in surplus, $64,400; earned surplus,,
$1,357,989; total, $5,718,977.—V. 161, p. 1030,
38,964
•
f$439,357 I ; $374,082
191,207
161,790
facilities to peace-time
(After post-war refund
insurance.--$25,214; deferred charges, $10,408;
Plant and equipment, at cost (after reserve for depreciation and amor¬
tization of $1,231.0331, 81,256,553; patents, at cost less amortization, 1
$5,783; total,. $5,718,977.
$7,269,355
42,292
A
—
of
1944. i
604;
-
cos.,
at
cost.;
disct.
:
:
199,651
:
insurance, etc.w-1-——' 281,556
financing expenses— 314,763
—
^
139.003
—
245,000
1,241,600 f
"
&
1
212,151
,
.
•
55,063
153,465
361,284
k;
$31,677,513 $33,492,320
1
Current
and
working
.
\ 1
_
•'
estimated
$3,315,790
»:
Federal
income
519,667
I
„
500,762
322,000
•
and
242,600
:v
-
'
w—-
K'
247,627
1
279,751 S 6,130,822
and unapplied collections in
Sept.
1945,
29,
exceeded
current
is*
chiefly by the necessity of rebuilding the comentertainment product.'
1
:
i
the stockholders of the company adopted resolutions calling for certain changes in the company's capital structure.
,
Pursuant
thereto, a plan of recapitalization together with an ex- ;
change offer was submitted to the holders of the company's preferred
stock on Oct., 30,
1945,
Briefly, the plan called for the exchange
/ £ of each share of outstanding preferred stock ($25 par) for one $10
principal amount, 4 'Jo series A debentures, due July 1, 1960, and
two shares of common stock!
Stockholders authorized the creation
stof a $2,500,000 issue of these debentures, of which $1,550,000 was /
!:£ specifically authorized to be issued in connection with the exchange
of
the 155.000 shares of preferred
outstanding.
The original offer;.
expired Nov. 30, 1945, but by action of the board of directors was >(
extended to Jan.
15, 1946.
Approximately 70%
of the outstanding
1945
£
occasioned
was
a£ pany's
On
inventory of
Aug.
23,
1945,
.
"
.
.
preferred has been submitted for exchange*;'
COMPARATIVE
•-
245.000
-
.ac-
—a
1
6,758,000
investments in which were written.off——
Capital stock (par $1)——w—;——
i—— 804,219
Capital surplus:-
•
7,155,000
Year-Ended—
Film
:
:
+Net
/
^
$1,882,712
J
-
A
$1,456,509
1,013,494 •'
1,217,731
845,596
1,078,487
$4,766,221
1,475,318
639,297
1,217,731
46,952
833,132
593,427
50,537
1944, $5,600,000.
;
Cr181,223
Cr418,946
of picture costs——i—^
Government pictures-.———
of
/
_
Costs
Interest
Portion
:
expense
—————-—.-i——.
absorbed in costs of Govt, and com-
mercial
T
r
y
income
Amortization
"
1944, $70,064.
The company has registered with the -SEC 60;000 shares of
cumulative preferred stock (par $100). Dillon, Read & Co., Inc.,
a
^
$4,550,921
2,219,717
Costs
Registers $6,000,000 4J/4% Preferred Stock— v;
group.
>-
^
Sept. 29,'45. Sept. 30,',44 * ;
licensing cartoon characters.' etc.——
Total
a
equity in net assets of subsidiaries not consolidated operating,in
foreign, territories subject to contingent liabilities.
(After deducting
depreciation
and
amortization:
1945,
31,421,375; *3.944;
$1,162,678.
Treasury- tax notes: 1945, $11,153,000;
;:
:,
applicable to other income.—642,145
General, administrative and selling expenses—
7
743,501
3,286,808
10,457,791
$69,425;
'*
income'((producer's share);
pictures —
-——_——
Short subjects
Phd
$33,492,320
accounts:; 1945,
•
7
ACCOUNT
:^
li__„-1 '$31,677,513
doubtful
"
INCOME
rental
Feature
;'VG62,592
surplus;—12.848,877
for
"
'
-k—
1,183,316
Proceeds from sale of Govt, pictures—639,297
Income from commercial pictures, comic strips,
:
24,890
:
4,561,451
^ i Total
/
',•>
-
underwriting
(Calif,)—Annual Report—
at
.-
taxes-—
—
reserves
assets
liabilities by $3,896,599 as compared with a similar excess of $3,208,895
at Sept. 30,
1944.
The increase in bank loans' of $498,719 during
'
'
——
profits
Wralt Disney Productions
1,917,649
.
^
mortgages
and
accounts payable
maturing after;(46,932
133,241
Amounts owing to two foreign .subsidiaries the
c■■•...
' ■->---•
:
the
129,460
profits taxes.:—1,290,000
reserves—;
conversion
surrender
Oct. 28, M4
-
payable and sundry accruals—
L^';: $3,818,298
participations of certain officers and
*
S.
excess
.
$2,121,142
A-——166,650
and
to
income
bonds.
Real', estate
( After U.
67,219
,
$1,966,008
(
tax—L-
irom
25,
-
"After
$2,053,923
80,164
;
—-
Income
"For
;
.other
pictures
and in
costs
applicable
income
f
est.
for
excess
amounts
(f; Provision
for
of
cost
realizable
Federal
>
inventories over
therefrom——
of
income
taxes..———_
'
»'
90,000
heads
5
Profit
for
the year
1
to
——-
.
Prov.
distributing organization, through its affiliations
theatres throughout the world,. will >e able to
keep the producers
income
1,068,321 r
$1,885,844
_J—
.
Earned
1.360,518
expenses-:———-
and
431,331
^
(est.)--—'
.
'
admin,
and
($40,978), $394,510; due from U. S. Govt, agencies
territories
-
'
.
—
Income
,
$1,064,155;
respeqtrof film service
_w
922,500
.831,148
from .subsidiary cos. operating in :l;.:' ^
if'ii
foreigp territories, heldjiiv abeyance—w—:w—^553,218
500,849.
Liability;, in; respect of ■ special bank deposit:;f.;v.:Wi; v':,r^^
;
,
Co.—Earnings—
312,420
leases, etc.—
for
°
'
^
series
.
,
*
11,777,668
'
;
| "
'
1945 .-l
1944
;
-1—-_i—1—------u-- $15,696,519 $14,728,172
12,450,156
11,605,928 "
ASSETS—Cash
first
June
-
World
78,898,484
31,861,102
11,051,645
Z&Cyy
•
Remittances
this
and
.
.in
;
$6.58
net assets of sub. cos._:J—„.'V 332.135
(excl. fully depreciated assets)^
2.197,534
Advance payments
.V,
-
41,164,687
319,583
(V:
railway^—
(requirements
•
,19,487,592
deb.
excess
; J
.
95,520,547
income—312,091
deductions'
Net
571.942
923,756
3%.%.,sinking fund debentures
distributing organization,
make-use of
of ^Universal Pictures Co,
country and abroad, and also of companies- in the Rank
Group, under lease arrangements.
•
•
I
"
(2) Distribute outstanding American and British films
throughout
the United States, Great Britain and in markets
throughout the rest
of the world.
It. expects to distribute a minimum of
eight American
which
In.
94,701,127
36,455,911
9,277,432
•
.Nov. 3, '45
-
$5,531,525
>4:2,163.874
50,344
Sinking fund requirement for 33/4% deb._—;
Owing to outside producers and others
known
Inc., plans to;
selling and
physical facilities
3,143,773
FrefeiTed
SHEET
dep. subject to restrictions, per contra
employees
-
world-wide
a
1942
$7,267,120
3,770,713
999,496
"Appropriated
.
-
19,112.041
per; contra
United World Pictures Co.,
-r
1943
$7,971,040
a
profit
Federal
-State
"
be
1944
'
income-'
Other
192,914
in, foreign
consolidated)
producers
to
——
Accounts
■
to
'
■
sales--—i-I-—::—-I-——
of
Total
1943—-$849,700.
of
profits
stockholders.
CONSOLIDATED
-
rent,, taxes,
Total
a
formed.- This new com¬
pany
is to be jointly ownedvby International Pictures
(of
which
Universal will ■-■own-; half)- end the J., Arthur Rank interests of
Great
Feb.
2,073,422
1,003,832
oper.
•
230,677
'
requirements
proportion
'
'plABttirlES-rv
-
being
•-•■'-i
on
■'
$7,616,328
Other Income
•
■!■
!
a-.--I;
Corp.,
business
V
1945
Selling/ general
$3,412,701" $3,759,968
571,942
—^
on
Unamort.
DISTRIBUTING COMPANY
formation
*
sales
cost
.
Coincident. with -the
new
stock
made
;
RR.—Earnings—
oper.
Net
'946,100
_L—.
1944—$766,100;
for
and
receivable
Investments
.
:
20,000 :
be
-
"7,647,100
equity in
Deposits
.
will
Years Ended Oct. 31—
Net
'L
506,587
'
royalties
is to be financed by Universal Pictures Co., Inc.';.' >j Reserve
A NEW'WORLD-WIDE
its
to
I Post-war reffind of
annually
1'
■■': ^'r
■■
Wralker Manufacturing
3,944 "
'
950,000
*6,897,900
Cash;
tNct
/ *.-.ir-'?;.;
.
1 '•
8,533,909
,
•
■-
•
refund:*
subsidiary
..
Spec, bank
original investment therein will-be the purchase of
$1,300,000
'of preferred- stdck-ahd- $100,000 common stock.
,'
n
In commenting on the significance of the' formation of " this
'newcompany;
the trade press has stated that it is bringing a "ninth
major motion picture company into being,"
/■ - r ::J
'I
II
1'
2,060,000
Inventories
Goetz V
Shares-^
next,
86,468.633
from
Gross
->
20,939
«
;
Ppst-war refund of excess profits tax—'
•
The new company, will acquire the story and production assets of
International Pictures, Inc.- (the present
Spitz-Goerz producing compan y);
and
vance
'.
to;,:.-"
for
post-war
merged
cumulative
Unliquidated
exclusive world-wide distribution
through a new Anglo-American
distributing organization of which it will be part owner.
(2) Establish its headquarters at the Universal studio in Universal
City, Calif.
Universal will make available to it its production facilities
■
•
Due from officers and employees^
-'
;
1
•
;
-
"Accounts
*
Amer¬
Spitz-William
-
of
8re
.tFixed assets
'
'
picture producing company to be known as International
This new company,
which is to be jointly owned
Universal
I'
-
COMPANY
'
'
—
applicable
(Assets
major undertakings by company
influence on the future progress
Corp.
interests
(It
NEW
certain
are
a
Universal
is
Company
have
to
of
success
year
' >)'J'''
tax„- -3,921,000
COMPARATIVE
prob¬
for
»'
prof, taxes
.
estimated
respect
1943,
directors,
to 1 meet
1,
preferred
Payment
Francisco, Calif.
expires at the close of
Tl.077,915
-25,533.041
'I
1
*.•
-
•
taxes_i-:^s-ii_4-439,082
—
preferred
added
of opportunities
&
,'»-i
exc.
profits
'ASSETS—
both
position
advantage
March
on
San
Income—-
Jf-f500,762 % 551,000
1
1,519,842
1,323,489
outstanding
662.592' 4- 662.592Earnings per capital share—; -$4.86:
$5.15
'
and
...
•
-
523,235
Shares
"'t
..•
favorable
a
and
era
been
Co.,
fronv railway.-——
1,726,403
438,154 I
360,2564
em-
'4-PrOfit"S3,-910;S28;
Company today, is In the strongest financial' condition in its
history.
creative
Trust
railway——
Go.vt.
dent, state in part:
of
..
convertible
dividends.
accrued
"Deficit.—V. 163,' p. 113.
415.112 v'?
(
2,441,217,'
•
profits-,,-—„
Foreign incomes
Deductions
—
resources
•
the
357.
p.
20,273,648
(carriedMEorward);^-—-—— ^10.331,010 $11,767,188 $12,676;759
Federal
"After
human
and
redemption
cumulative
ry.
'N'v:
$11,081,524: $12,701,889 $13,540.420
144,982 :
312,982
170,137
Federal income taxes.!
by
Pictures'Co., Inc.
Annual Report— J.
Cheever Cowdin, Chairman and N. J.
Blumberg, Presi¬
Its
share
for
$1
Net
181,314
-
396,373
1,726,790
Adjust, (net) in -respect ^of inc.-taxes >"
-of prior years :
-
its other division, Candy Bros. Mfg: *
Cough Drops; operates plants for the 7
book and wood matches in St. Louis 7
.Universal
of
registrar
163,
.•.-•/
From Jan. 1—
.
Gross
financing expenses—_V
' 321,304 f • • 365,726:
"478,854
with'prepay, of-4'"'4-
loan
Partlc.
.
Ferguson. 7
Ni- Y.,- Wheeling,( W,
Va.,'; Spokane,. (
Wash., Bellefonte, Pehn., and Duluth, Minn., as well as the Schutter «?•
factory in Chicago. The Universal Match Corp., paid dividents
totalling t
$1 50 per share in
1945, .the same as paid in 1944.—V. .160, p. .1120."
;
appointed
par.—V.
railwkjvil^i&*3,644,048
from
—__L_—— $11,226,506 $13,014,871 $13,710,557
amortiz.
of- deb.;.-<i-:-;:-3v--:4'1''4"i''4 '---:---
exp.
bank
>•
.
-
,■
.
called
per
from
Net
Exps. in connection
outstanding -out: 7
total
a
been
$100
\
conversion privilege
1946.—V.162, p. 2688.
Gross
■
7,902,71L4 T;098,135 >4 6,279,7354
4,006,129
v3,805,055
—
stockholders of
the
respective corporat.ons.
each share of class B/F
stock of Schutter Candy Co..-was converted into and became two-fifthS
V'4-''vr
of a share
of
capitals stock (par $25i
^Profit tef. inc. &
of
Universal
Match
Corp:>
"At the time of, the merger.,there -were >842
■'■shares
of
,*
outstanding
Wabash
I
■
;4,327,967-
'
——j.
income
Interest
the
'Universal.,
has
stock,
The
28,
30,'434
Oct.
24,375,518
.
27,i;954
,,
,
•-:•■>
-■••• :• ■
..
856,655
Other, income
7^77777:;;'7K7#7-y";-'vv
corporation.
in
Bank
its
American
'
.
-
,
'
ENDED
201,043
24,381,827
Gross profit
y
-
on
Split Shares—
1804,219 shs.
Oct. 28, >44
223,783
'Foreign
-
>
A
at $52.50
split
Net
Gen'l & adm. expenses—Domestic—
company's
change
of
$17.50
$51,049,428 $51,561,504 $46,478,5274
costs
;
,
:■,
class
next,
adopted
25,
preferred
has
company
at
,
——-.
»
Schutter candy production, however, continues
modern
factory in Chicago.
There
will
be
no .;
personnel of. management of the Schutter operation; 7
7u
but the .name J$ changed to - "SchutterCandy Division of Universal
..] !> Match Corp.'V
7;7' :■
'3:--77&7f -%'y I^pa'
i j);,: Under the Agreement of
Merger, approved by the directors and I
tne
at
.
cumulative
April 1,
on
Victor Equipment Co.—Calls 20,000 Preferred
The
jshs.'r
60,000
.
cumulative
:
<£■
sales—Domestic— $28,632,937 $32,125,454 $28,731,092
22,118,145
18,973,940
17,234.200
74,563
261,067
331,921
I Total, Income from ■ operations^—Amort, of film costs, -royalties and.
.
subsidiary
by
5'7c
of
999.
p.
also declared the regular quarterly dividend of 50
share" on, the presently outstanding capital stock, payable
1946, to holders ol .record Feb. 15, 1946.—V. 162, pi 3121.
y.y.j
Purpose
-
due
357.
p.
.
*$7,080,000
YEARS
Nov, 3,'45
-
Cost of accessories-.soid—T—i.-,-A—
Selling and branch exps.—Domestic
•Foreign
outstanding
operating
<
issue
162,
stock
Chase'National
•
3Va '!o
shares
Outstanding,
*
tOutstattding at Nov. 3, 1945.
INCOME
——-r_*^
accessories—Domestic-^.-—.
^iforeign
,
,
of the merger is to effect corporate simplification and
economies; and all policies will be directed from Universal
Corp. headquarters in'* St. Louis .for
both- the
parent
and
Authorized
1959—- $7,500,000
1,
.
other
Candy Co:, Chicago. 111.,
due March
-
;7
of "'OLD NICK"
and
"BIT-O-HONEY"candy bars,
has been merged Into Universal Match
Corp., St. Louis. The latter
acquired stock control of Schutter Candy Co., in Sep: 1944, and at
T.
lOOYs
corporate
Victor Chemical Works—Registrar—
;
'
A'.::;
-
^• manufacturers
;
Jan.
on
2-for-l
a
December—
$17.367.838.—
V. 162. ». 2193.
'/•.
"*■■ 'V",' ■''
■'»'
debs.,
CONSOLIDATED
no
par), $4,652,500; common stock ($1 par» $374,000; paid-in
surplus (limited as to dividends to an amount not in excess of $500,000
on
preferred stock), $1,692,886; earned surplus, $473,428; preferred
stock reacquired, at cost (60,076 shares), Dr$699,064; common stock
rencouirec
f.
s.
"Outstanding at
Sept. 1, 1964, $3,828,000;1
subsidiaries' long-term debt, $2,281,000; equity of minority interests in
subsidiary
companies,
$3,812,749; ' 70-cent preferred
stock
(440,0001
;,,V
163,
at
series
Co.,
'
shares
.
1946,
Trust
directors
per
.
Cumulative pfd, stock (SHM) par)——♦.'
100,000shs.
Common stocks ($I par)„„——2,000,000 shs.
due
A;
'
v
etc.,
trust
.
Y.—V.
will be redeemed
,
The
a8';;followsf.v;;y:;:;;',y-;;;;;^
■wiU;-'be;
$324,319; accrued Federal and State income taxes (after
$126,000 U. S. Treasury tax notes), $408,788; sinking fund deposits '.,;
lor redemption of bonds,
$126,838;'3^4 % first mortgage and collateral
'
N.
entire
the'
(par $50)
and dividends.—V.
directors
cents
Giving effect to the new issue of preferred stock and the proposed
public sale of 60,000 shares, company's funded debt and capitalization
3%%
LIABILITIES-^—Accounts '• payable,
stock
.
1,
3'A#
Guaranty
a
resolution
recommending to
which would be effected
by the
shares of $2.50 par value each. If approved,
the company plans to issue 1,358,960
shares of new $2.50 par stock
to
holders
of
the. presently
issued
and outstanding
679,480
$5.00
par shares;
:
/
v
V ■: -V. :V- '
•
yards operations
(after depreciation
of excess of
underlying book value at time ?of ;
in subsidiaries over cost thereof, Cr$l,209,836; -
$1,009,223;
acquisition of equities
total, $17,367,838.
•
the
authorization of 2,000,000
-•:-
,
$487,315),
;
March
bonds,
on
mortgage
at
York,
New
that
reported
stockholders
studio an efficient
the finest
in
screen
,
; ■/
redemption
first
'
estate
W
of
made
be
Vick Chemical Co.—To
City
of
is
The
Everything
,
.
will
140 Broadway,
share
per
company's obligation to make
facilities for its new partner,
ancf other
for
called
$1,000,000
preferred stock
$402,597 andr $392,711, respectivejiy.,
;
3240.
p.
Utica Knitting Co.—To Redeem 5% Preferred Stock—
It
■
growing out of the con¬
the deferment of replace¬
business,
been
Payment
trustee,
basis.
cost
have
interest,
1968.
tThe provisions for depreciation for the years, ended Oct. 31, 1944
International Pictures Corp.
' '
'
/
' '
1943, including charges to other: expanse, accounts,'amounted toI.
To
provide the necessary funds to carry out the company's new
j
-<
undertakings, it has been thought desirable to increase the capital
funds of the company through the public sale of $6,000,000 of
pre¬
:
CONSOLIDATED BALANCE-SHEET, OCT. 31, 1945
ferred stock.
The board of directors has authorized, subject to the
a
ASSETS—Cash, $1,634,205; U. S. Government - securities, $126,359;!; approval of stockholders, an
increase in the company's authorized
accounts receivable, $325,908; inventories, $443,202; claims for refund
capitalization of 100,000 shares of cumulative preferred stock ($100'
of excess profits taxes, $145,344; other assets, $96,084; property, plant -.: par),
It is proposed, to sell .(JO,000 of the new preferred shares at
and
equipment (after depreciation of $8,938,527), $14,797,350;
1
real • " this time.
;
and
;
162,
;
war
Universal
reflects
company's
war
the
production
economical
the
adequate
the
the
program
in
during
make
to
an
expansion
affiliated with Universal.—V.
not
"
Utah Power & Light Co.—Partial Redemption—
and
business
will
both
of
financing' program :
plant"
increase
the public will be filed by amendment;
Of
will be used to purchase all the $1,300,000
to
production corporation
interested
Pictures
Universal
There
years.
industries
picture
World
Anglo-American
important
in
motion
be done
entertainment
227,905
173,735
Income™
built
price
$1,400,000
v1,■":■••"
the
advances
"manufacturing
!
.
the
scientific
tinued
.
•
.
or
and
and
'
net Income of sub. operating cos,.
.
acquired
advantage
the
the
enlargement of other physical facilities, air conditioning,
acquisition of the newest technical equipment incorporating
addition
the
.
United States
exhibition
for
manpower, material and equipment become available.
call
for
the
construction
of
additional
sound
stages,
Plans
546,770
6,804
•
the
cities of
offering
proceeds,
value of 4'«
preferred stock and one-half the common stock of a
new production company to be organized.
William Goetz and Leo Spitz
agreed to purchase the other half of the common stock of the new
production company for $100,000.
Mr. Goetz is president and Mr.
Spitz is chairman of International Pictures, Inc., a motion picture
Company plans to undertake over the next few years a program
$1,860,938 ;./• of improvement, modernization and expansion of its plant at Universal
325,569
City.
Work
will
be
started
just
as
soon
as
building conditions
14,131
tax..:
the
par
permit and
368,193
:
profits
the
to
The
..
countries.
International
the
key
windows"
be
may
consummated
1..
z
J
income taxes
of
one
be
to
j
$2,230,417
347,047
260,086
etc.'
with
arrangements
ances
in
"show
various
mutual
'"-..'.'.v
represent
$1,660,563
200,376
;187,526
: *
$1,114,423
*———
amort.,
$2,042,891
88,392
tax—„
Excess
State
_
on
Federal
v-
$ 1,026,03i
-
to
believes
company
advantages
v„.
of theatres
such
Tnis
/(Operating
acquisition
throughout the world as
exploitation of films in the
and
978,975
604,652
ACQUISITIONS CONTEMPLATED
of the arrangements between company, Inter¬
Corp. and United World Pictures Co., Inc. involves
part
Pictures
possible
and
,
$3,841,304
$4,625,249
THEATRE
•
31
Any
—./T—-■
income
1944
1
Yardage and weighing——.!:;;—
Gross profit on sales of feed and
>
.
'
An
INCOME
697
'*
'
!
—.
$350,532
307,735
221,000^
THE COMMERCIAL & FINANCIAL CHRONICLE
698
Funds
on
Sept. 30, 44
Sept. 29,'45
deposit in U. 8. banks ttnd ori hand.
deposit in Canadian and Australian
on
Funds
current
at
—
Deferred
rates-—
exchange
$66,833
$145,850
Ry.
3
1
charges
253,473
Net
$7,278,920
•
'
LIABILITIES—
.
payable and accrued expenses——r—
Payable to officers--———
Property, social security and other
Advances
Reserve
for
6%
nrnnprtv
nf
coip
An
1
^
i no R74
109.874
'
162, p. 2314.
<
r
;
.
350,532
■
;
—-
/
fund,
,
quarterly
a
'
initial
f,■■■.-.
'
v
All
of
stock,
v
interest
Jan.
to
Schroeder
Chris.
& Son Oo.,
Milwaukee, Wis,
-1
1946. 3
which :
cents
the
par
Net
in
sold
was
charges,
company.-r-V. 163, P« 358.
l
$624,986
,168,265
269,708
—
SHEET,
OCT.
31,
prepaid
insurance
*•
$3.39
$7,930,72i,
LIABILITIES—Accountsv payable
basis
'
,
■
since
1929,
the
a
•
tCperating
expenses
,2,600,534
—
-1945—12 Mos.—1944
revenue..^
*$93,826
——Crl,200,222
of
directors
Operating
income-$1,106,396
Equipment rents ,:j;^-i;; Crl03,597
$675,997
Cr34,147
Taxes;
Jt.
■
gold
of
facility: rents
Net rwy. oper.
Other income
(net)
:
,I)r12,294 h; Drl3,953
$1,197,699
income
income'
Gross
Fixed
charges
•.'.."v**/*"; ^.3-
v.;'.
tIncluding
289,410
3'
.
1
1
3*
.
'
1 ■
$7,005,936
352,170
;'i
■
.
'■
<!>■
■
■
*■
-$464,723
of
.
-
-.
■».■■■■■
">,
$4,239,834
defense
3
.
■——»
.
$748,371.
_
NOTE—Taxes adjusted account amortization of defense projects and
refinancing of first and refunding mortgage bonds.'
Death of Secretary J. W. Broome—
Jan,
W.
Broome,
23.—V.
162,
Secretary
of
the
company
Manufacturing Employment
Rises Slightly in October
Says Conference Bel.
Employment in 25 manufactur¬
ing
industries
surveyed
each
month by the NationaMndustrial
Conference Board rose 0.8% in
October after a record-breaking
slump of 13.1% in September, The
Conference
Board
reported
on
Dec. 24.
According to the Board
"the rise was only the , second
monthly gain to be recorded since
November, 1943. With the excep¬
tion of September, the Board's in¬
dex of employment was lower in
October than in any other month
since September, 1940,
The drop
from October last year was 24.5%.
,
However, the number of employed
higher than in
workers was 22.3%
the month before outbreak of the
war."
The
The
.
.,
.
'
Board's
shift
for
3240.
p,
Bucher
as
in
said:
employment distri¬
bution noted in September con¬
tinued in October, with the per¬
centage of women dropping from
23.5 to .22.8, and that of skilled
males increasing from 62.8 in
Sep¬
tember to 63.3 in October.
of
of
the
board
entire
issue
of
'
;
and
will
24
years,
died
on
inc.
|
Westvaco
V.;
Chlorine
Products
Corp.
.
,
25 industries combined was little
changed in October, increasing
only 0.1 hour.
Individual indus¬
tries, however, recorded sharp
fluctuations, ranging from a de¬
of 8.4% in agricultural im¬
plements to a rise of 7.3% in
automobile manufacturing.
3
&
exc.
Noel & Co.
3
;j
C
.
Redemption—
1944
-1943
1942
$3,372,908
$2,010,109
:*
$4,904,112
profits
*
>
$90,049:
;>! v
share .3 3,$0.19
ir
,.;v
■■
3,466,390
$1,437,722
;*r$2.92
^
2,072,787.
>
954,403 V
$1,055,706 *s
$2.64 ' r-* - $2,141'^
$1,300,121
3'
depreciation, .exciseHaxes and >reserves* (ihciuding in31945
for voluntary price reduction and renegotiation, on war con3/
tracts); but Before provision for Federal income and excess profits *3.
taxes.
tOn 492,464 shares of capital stock outstanding.
3,
.
3
The 1945 figures do not reflect refunds due to
profits credit.
of
this
carryback of unused " J
not possible at this time to estimate th» ?
applicable to a portion of the year.
It is
refund
not
production we,
been
enable
able
to
us
titles
we
started
and,
have
to
no
in
with the rest of the industry, have
,
important parts and materials to '
production lines on a regular basis.
We ; '
common
obtain
operate
our
certain
shipments
of
new
receivers
in
very
d«an-33
limited
barring difficulties of a national character
control, deliveries should now proceed at a
which 3
over
rapidly
in- 3'
^Construction * now being completed of an-additional bUlldihg
ad- '•/
joining its present plants will enable the company to double pre->3
war dally production. Negotiations are in progress for the purchase 3,
of additional manufacturing
space to provide for further expansion.;
"Orders from
automobile
manufacturers for auto sets, incorporating
3
control,
are 3 already
overtaxing the : company's 3
branch of its production and further solicitation of >
orders is being deferred until additional facilities have been
provided." ' "
the
patented
facilities In
y
foot
that
3 The company's financial position continues satisfactory.
Substantial
cash balances are carried in banks and there are no bank or VT
%
loans outstanding.
Satisfactory progress has been made in processing
claims arising
from the cancellation of v;ar contracts Immediately ■
after VJ-Day. i Partial settlements have been received on most claims 3
.
•
and
•
—V.
final settlement on
162,
p.
all claims
is expected
within the next 60 days.
1810..
on Dec. 24 by M.
Linton, Chairman of the
The recipients of these
grants, the first to be made by the
Fund since its organization by 147
life insurance companies last fall,
>3:;•••;;/33;>
3-%''■.
Columbia University: Dr. Joseph
Victor, of the Department of; Pa*,
thology; and Dr. Dickinson W._
Richards, Jr., Department of Med¬
icine; University of Minnesota:
Dr. Maurice Visscher, Department
of Physiology;: and Dr. Arthur
Kirschbaum, Department of Anatom^; University of Pennsyl¬
vania: Dr. H. C. Bazett, Depart¬
ment of Physiology; Southwestern
Medical College, Dallas, Texas: Dr.
were
31.9% above the August, Gladys Faishena, Department of
1939, level and 20.5% more than Pediatrics; Washington Universi¬
ty, St. Louis; Dr. John R. Smith,
in January, 1941.
,3333'; 33.. ■■
Department of Internal Medicine;
Yale University: Dr. John R. Paul,
Section of Preventive Medicine.
Grants to Universities
.
"
The advices from the Institute
of Life Insurance state:
v.
3
,
for support of ydunger Re¬
and
search Fellows who without
that,>
support would be lost to the medi- 3
cal research' field. Together these h
diseases -constitute the Number lkilled in America.
are:
•
For Disease Prevention
to
(& Subs.)—Earnings—
$369,162
announced
Fund;
warrants
.•After
start
.
Albert
and
E. McDonald, Jr., President, states in part;
/•
'
*. ' '
^Although our new post-war line was completely engineered when
ceased and our factories were in position to'
immediately 3 3
;
requested the New York' Stock Exchange that
all the existing restrictions against the transfer of 70,357 shares of
its common stock now held by United Chemicals, Inc., be removed, so
as to permit the sale of the 70,357 shares by United Chemicals, Ihc;
Corporation is informed that United Chemicals,
Inc.,
does not
presently have any plans for sale of any of the shares and is further
informed by United Chemicals, Inc., that if it offers any of the stock '
for public sale,
such shares will be registered under the Securities
Act of 1933, as amended, if required by law.
After giving effect to
was
common
F.
The corporation has
October payrolls in the 25 manu¬ though average hourly earnings
facturing industries, like employ¬ have decreased 2.9% since the
ment, recorded a slight rise, in¬ peak reached in June this year,
creasing 0.4% over the September they were still 49.9% higher in
total.
Twelve" industries showed October than in August; 1939, and
larger payrolls than in September, 42.2% greater than in January,
12 reported smaller payrolls, and 1941, the month used as the base
one
indicated no
change.
The date for the Little Steel formula.
largest increase was 17% in auto¬
Weekly earnings averaged
mobile manufacturing, while the
$45.59 in October, only 15 cents or
largest decrease was 13.6% in 0.3 % less than in September.
agricultural - implements.
Be¬
The Conference Board's calcu¬
tween October, 1944, and October,
lations of average "real" weekly
1945, payrolls of the 25 industries
earnings in October—the amount
combined showed a drop of 30.3%,
of goods and services that could
but they were still 104.3% higher
be purchased with the dollar earn¬
than in August, 1939, just prior to
ings—continued to decline. These
the start of the war.
"real" earnings were 8.9 % lower
The average work week for the than in
October last year, but
of
hostilities
Restrictions
—
shares
new
1279,113
amount
first
Against Transfers of Stock Removed-—
(<
-
excess
.
mortgage 5%. bonds due July 1, 1959,
was
recently called for redemption on Jan. 1, 1946 at 100 and in¬
terest.
Payment is being made at the Sterling National Bank &
Trust Co,, trustee, New York, N, Y.—V. 124, p. 1683.
1
S
,
reserves
less active capacity;
Vice-Chairman
elected
100,000
The company is also registering
for issuance
upon
exercise of
1945
Operating profit
have Just
The
crease
advices also
was
Chairman
with"
will be made at The Chase National Bank
City of New York, trustee, 11 Broad St., New York, N. Y.—V. J'
1559.
» ! ' .
.
*
■ t
tEarns. per com,
(The) Westover, Inc., New York—Calls 5% Bonds-
f
;
projects,
50
Zenith Radio Corp.
.
$4,120,860
•Deficit.
J.
Mr.
Wis.—Registers
registration statement for
«reserved
6 Mos. End. Oct. 31*
age. He was re-elected Chairman
the new by-laws ftnd will .continue
a
been
and Interest. Payment
the
162, p.
$7,358,106
3,3 264,928 & 3,278,767 f/ 3,237,246
.
$943,381
amortization
account
$7,147,584
371,017
$729,651 *$7,518,601
$1,232,791
-
—^—:&
Net income
$696,191
33,460
35,092
>
——
3Drl77,461
of
Corp;—New President,r etc.-~ "
under
has
,
,
Fed.
organization in
Co.,
first
102
Westinghouse Electric International Co.,
which handles all export business of the parent concern.
Prior to his election as an officer of. Westinghouse Electric Corp.,
Mr.
Price
was
President
of
the
People-Pittsburgh Trust Co., of
Pittsburgh since Jan. 1940. He is also a director of the Blaw-Knox
Co., the South Pehn Oil Co., the National Fire Insurance Co., and
the Peoples-Pittsburgh Trust Co?-rV. 163, p. 113,
*
-
$6,689,674
Cr493,723 :
$6,342,269
Cr990,025
I)rl84,710
of the
&
^V,';
company announces that $50,000 Pennsylvania Gas & Electric' /
lien and refunding mortgage series A 5V2%
sinking fund V;
bonds have been called for redemption on March 1, 1946 at -
Co.,
has reached retirement
board
member
continue
$9,868,047 $12,945,164
3,525,778
6,255,490
$1,127,487
451,490
Net oper.
issuance
The
Chairman has been chief executive officer
who as
Valentine
-v
York County Gas Co.—Partial
;
;•
as
$3,076,638 $34,169,276 $36,727,283 %
1,949,151
24,301,229 23,782,119
$2,506,708
revenues
the
by-laws, Mr. Price will be the chief executive officer.
'3,
1945—Month—1944
; Per od End. Dec. 31—
of
taxes
A. W. "Robertson,
C.
Cu„: Racine,
common
; 1 3Net profit
of
Western Maryland. Ry.—Earnings—
Radiator
;
Gwilym A. Price has been elected President succeeding George H.
Bucher, resigned. Under a recent amendment of the corporation's
/
C.
The group of underwriters is headed by Van Alstyne,
;
162, p. 3123.
Westinghouse Electric
of
648.
•"'•".'■'y
par, which the company was authorized to issue from 125,000 shares to
•■500,000 ' 6liares#;^i "i/;
■
$776,636; dividend oh preferred
stock $42,066; a-ccrued local and state taxes $53,277; Federal taxes
on
income of the year ended Oct. 31, 1945—estimated (after U. S.
Treasury tax notes $1,316,157) $14,888; reserve for contingencies $300,000; 5% preferred stock, (par $100) $3,365,300; common stock (134,854
shares,
no
par)
$1,666,459;
earned surplus $1,712,098;
total
$7,930,725.—V.
157, p.
8 new shares of common for each old share of common;
without par value, and to increase the number of common shares, $1;
total
$72,372;
taxes
'
•
purchase
1945
and
new oil field.
shares of common without par value into 125,000 shares of common
stock, par $1, and warrants entitling the holders to purchase at $8.25; 3
per share, an aggregate of 20,000 shares of common, $1 par, on the
3
$2,853,302; trade accounts receivable (of the reserve >;
$2,560,785;
a
premiums in the amount * of $6,250 and accumulated dividends of
$35,000, and $86,093 for payment of stockholders' notes^-In^UhAt amount. : M
In addition to redeeming the 1,250 shares of preferred, the
company
3
plans to amend its certificate of incorporation to reclassify its 2,500
/
$52,500)
721,581)
up
to underwriters at 10 cents per warrant share.
L,*
Of the proceeds from the sale of 100,000 shares of common and
20,000 common stock purchase warrants, $557,522 will be used to re-'
imburse the company's treasury for paying in full- the balance of notes' '
payable to banks and $166,250"to pay the redemption price on the call' ,•
of 1,250 shares of 7%
cumulative preferred stock, par $100, including 3
134,854
$2.33
—
President
Gregory,
director.—V.
company on Jan. 29 filed a
of common stock, par $1.
shares
269,708
134,854
<
discovery which opened
sold
■
Operating
The
$2,434,563
150,000
1,331,152 .1,659,577 ;
-
a
SEC—
1944
1&45
L—i
F.
a
40,000 shares of
::warrknts;.vv:/;;;;r;*>
$699,166; inventories (net) $1,470,126; postwar refund of
excess profits taxes—estimated $70,081;
cash surrender value of life
Insurance $204,490; sundry claims and war savings stamps $402; property, plant, and equipment (after reserves for depreciation of $2,-
.
,
Share
J
Robert
>: Young
$1,963,360
150,000
-v.—-
-
price to the public is $8.25 per share.
Of 40,000 warrants
purchase common stock at $8.25 per share prior to Feb. 1, 1951, 20,000 were issued to stockholders on recapitalization and 20,000 are
being vS
$482,208
—168,265
—
was
KT:
f'
«—;
"
The
^
dividends
dividend
ASSETS—Cash
-
of
subscribed at the expiration 6f an
©Licers and directors of the
i.e., capital
income bonds,
contingent
One well
elected
Stationery Corp.—Earnings—
BALANCE
the offering.—
18-day subscriptlc.m peli^d. ending Jan, 15;.rjThe offering was not underwritten. ,
5 %%
*~he p'*oceeds will augment * the working funds of the airline by >
$2.f 10,300.
Of this amount; $1,087,460. or 54.1%, was subscribed by
been
for
general mortgage
'
Winsted Hosiery Co., Winsted, Conn.—New Director— '
;
-
shares of 6% cumulative prior preferred
recently called for redemption on Dec. 15, 1945,
Payment is being made at the company's office,
—
Earninga per
Western Air Lines, Inc.—98.1% of Stock Subscribed—
v
The corporation on Jan. 25 announced that 100,515 shares, 98.1%
of 102,488
additional shares of capital stock offered to its share-/
holders had
were
Number of common^ shares
100 and /
office of :;
*;•*-,
'
on
!
first mortgage
jointly owned with Aro Equipment Corp.—V. 155, p. 92.
1 '
352 outstanding
.$100,
profit
Common
,
after
minutes
five
H
_
ol
Corilpletioh of these wells increased substantially the proven reserves <
of the company and brought to■ 79 the producing oil and
gas wells.;
from which the company is receiving Income; Mr.
Moulton states.
Of
this total,
62 wells are wholly owned by the company and 17 are '-
;
,
Ended Oct. 31—1
Preferred
Co.—Secondary Offer¬
ing—Model, Rowland & Stone made a secondary distrib- ■:
ution Jan. 24 of 6,400 shares of participating units at
20 V4 less a one-half point concession to dealers.
The;
block
available
requirements
'
Provision 1 for 'contingencies..,
Federal income and, excess profits taxes
1
.
Washington Railway & Electric
y. 16b
§Amount
Profit before income taxes, etc.
■•
•
.
-
Western Tablet &
Avenue
called-for redemption on Jam 26, 1946 at
5, 1946.
Payment is'being made at the
recently
were
fixed
Clecveland, Ohio.—V. 160, p. 1446.
Building Co. (Claridge Apart¬
j
ments) ^ Milwaukee, Wis.—Redeems Two Bond Issues— •;
AH of the outstanding first and Second mortgage real estate bonds |
Washington
574,469
of
tests.
5
■
$5,316,600 $10,763,252
$2,670,460
H
48,173
———-$$1,521,669
at $105 and dividends.
/:t^
;
1
.
Western Reserve Investing Corp.—Calls 6% Stock—
-
dividend of 20 cents per «
payable March 1, 1946, to stockholders of record Feb. 15,
of like amount was disbursed on June 1, last year,
was followed on Sept. i and Dec/1, by further payments of 20
each.—V. 162, p. 3122.'
' ',
share
•
$$1,473,496
;
.
,
Corp.—20-Cent Dividend—
have declared
diiectors
after
Interest
Years
The
-
,,
declared a dividend of 50 cents per share on the 3
common stock, no par value, and an initial dividend of 96 cents per;,:
share on the $4.50 preferred Stock, no par value, both payable March.l
to holders of record Feb. 15.
Payments; last year on the common stock
were
as follows:
March .l, June l and Sept. 1, 50 cents each; and
Dec, 1, 75 cents;—V, 162, p. 3122;
.
-
An
;
sinking fund and other corporate purposes.—V. 163, p. 113.
•
The directors have
Warren Petroleum
■
fixed
——_
charges
deductions.
$7,278,920
$8,696,383
Co.—50-Cent Common Dividend—
(S. P.) Warren
,;
^299,085
—
" 30,593
•
•
$5,559,450 $11,015,204
242,850;
251,953
$2,701,053
.
■■
II
$4,742,131
' If
■:
•Includes credit of $4,998,710 by adjustment of Federal income tax ;
accruals, years 1944 and 1945, due to Increased charges to operating
expenses
by acceleration of amortization of investment in defense fi
projects.
$Deficit.
tIReorganizatiop of Western Pacific was effective
Dec. 29,
1944, hence no figures can be shown for comparable 1944
^r337,500
381,228
*
for
charges
1,775,000
7-----r
subsequent to Sept. 30, 1944—
V
Total
avail,
fixed
60,544
<
'
1
3123.
Moulton, President, in a letter to the stockholders said that
corporation last year completed 11 additional successful oil wells:
under its joint property-acquisition* and drilling * agreement with
Aro
Equipment Corp;
The completed wells, ranging from 5,400 feet to
6,100 feet in depth, flowed from 25 to 110 barrels per hour on initial
582,626,
683,846
——I—
any
p.
Wichita River Oil Corp.—U Wells Completed—
$4,875,605 $10,432,578
34,180
42,341;
-—
$$1,412,952
charges
§Income
*rT55»
r-,
■■'v ':!■'■■■,
on
162,
John R.
x^i,oox
Br337,500
Capital surplus——
'•
Deficit ,at Sept. 30, 1944——
—V.
,oy o
$2,666,873
:v
remain
company.—V.
this
2,147,382
2,712,058,
the
:
,'
,
of
for redemption on. March, 1, 1946, $250,-*
sinking fund 3 '/* % bonds', series C, due March*
1, 1970, at 104 and Interest. Payment will be made at the Irving Trust
Co., corporate trustee, One Wall St.,/ New. York, N. Y,—V. 162, p. 2521.:%
,
,
income- $$1,455,293
'v.•••
-■.
income
Inc.
oo.oyo
'
on
Earned surplus
"
V
.
1,284,648.
293,992
'
1,226,500
6,243,288
1,085,336
1,348,445
3,976,594
92,680
245,472
■
deductions-u-W—
Total
—————:
preferred stock
surplus
Initial
ISaS
•
26,180
HK!
par—,1.|00,000
stock of $5
Discount
'
Total
Misc.
yo.o**
'
income^— -1.^^ y;
:/•'. v;-.-•
preferred stock of $25 par—
conv.
cum.
Common
,,
?£•«?
on
-j
-V'
oper.
ry.
Other
—••■"; 576,313
Govt, sales—
deposits and deferred profit
Net
$528,311/
129,416
taxes——
taxes—
of profits
refund
license
Unearned
income
Federal
for
Reserve
'.p..,,,
*63,665 //.;J«M» 'oJ
' "oo"rI2
contracts—
under
other taxes-^—6,113
Equip, and Joint facility rents (net Dr)—-
,
*,
_
All
-
l35,2b6
:
; 'A
salaries'-.
Accrued
3
.
r
(secured)—$1,027,226
terest thereon
Accounts
.'(
,
f
payable to bank and accrued in-
Demand notes
•
J
-
to transfer will
as
stock
common
The corporation has called
$1,907,532 $14,197,350 $21,135,085 3
J$7,482,537
frm. ry. oper.
rev.
restriction
no
Wheeling Steel Corp.—Partial Redemption—
.
$4,953,515 $60,558,909 $55,043,133
3,045,983
46,361,559 33,908,048
Ry. tax accruals—
Payroll • —„„U- > • •113,886
3 109,543
Income taxV_^_-^__«Cr6,392,715 Crl,255,557
235,277
$8,696,383
,——i—..—.
..
Total
.
000
—
-
$3,192,694
10,675,231
revenues——
oper.
Ry. operating expenses-
;
aWfcve release,
shares of the
the
(Incl. Sacramento Northern Ry. and Tidewater Southern Ry. Co.)
Period End. Dec. 31—
1945—Month—1944
1945—12 Mos.—1944
17,864
JJ.07Q
Accounts receivable ———338,263
327,659
Capital assets (after reserves for depreciation)
2,149,086 ;■;;Z,252,iur...
Inventories
■
5,791,847
4,389,974
banks
the
Western Pacific RR.—Consolidated Earnings—
COMPARATIVE BALANCE SHEET
ASSETS—
.
Monday, February 4, 1946-
This
be
is
the
devoted
/
largest
in
any
ti
3'
amount
one
year
;
to
research in this
field, with a total
$3,500,000 in prospect over a
of
i;
to >3
3
six year periods
The grants made 3
by, the Fund were recommended ;l
by the Medical Advisory Commit- 33
tee, headed by Dr.- Francis G. U
Blake, dean of Yale University
Medical School, and approved by xv
the board of directors.
Officers of the Fund elected for1;;1946
Mr.
were
announced as
follows: ?
Linton, President of thC ProVi-
dent
Mutual Life Insurance Co.
and Chairman during, the organ i- ;
zational
p e r i o d,
was ;; elected 3
•
Chairman;
Leroy - A; Lincoln;
President, Metropolitan Life • Insurance
•;
Co.,Vice-Chairman; Leigh '
Grants totalling $126,000 to he
Cruess, Vice - President, Mutual r;
Average
hourly earnings of
Altogether the Fund will have Life
Insurance Co. of New York, .
production and related workers used for research into the causes
available over $500,000 during the
dropped 0.6% from September to of cardiovascular diseases have next
Secretary; Morgan: B. Brainard, v
year, to be expended to assist
October to an average of $1,079 been made to the medical schools
Jr., Assistant Treasurer, Aetna -'
for the 25 industries, continuing of six universities by the Life In¬ existing research projects in the
Life Insurance Co., Treasurer.
surance Medical Research Fund, it field of heart and arterial diseases
the decline begun in July.
Al¬
Volume
163 ;
....
General
.
•
.
•"r
'i
'
♦.
v
.
"
1» ,l(.*, v.
it
The report in part
Crop Report of the U.S.
follows:;.),,
ACREAGE AND
;
Department of Agriculture for 1945
The Crop Reporting Board of the U. S. Department of Agriculture
made public on December 18 its !report of Crop Acreage and Pro¬
from reports and data furnished by
crop
^Acreage
■
Crop and Unit—
,
■
.
3orn, all (bu.)
Wheat,
all
output in 1942 by 2%
1944 total by
about
\Vz%.
The combined total,
however, was 4% larger than the
large 1943 production, and) ex¬
ceeded
production in any season
prior to 1942 by 9%.
yields, on .acreage that
was the second largest since 1932
accounted
for
this
outstanding
\
High
achievement in face of numerous
spring planting
of the worst ever
difficulties. Z The
was
season
one
experienced
for
late
planted
Crops, the late spring and early
summer
growing season was the
coolest in more than two decades,
and there were damaging frosts
States.
Both May and June were
For the U. S. as a
cold months.
whole, they were the coldest ex¬
perienced for the period in the
last
was
25
at least..
years,
■
Rainfall
above normal in both months
with June
wettest on
of the
one
record. Nevertheless, drought con¬
developed in^ the South¬
west ^and locally in the South At¬
lantic States.
In the central part
of the country rainfall continued
to be excessive and brought farm
work
virtually to a standstill.
Crops developed slowly and; sea¬
sonal farm work fell far behind
development,
retarded
paired the quality of many crops.
As expected under the weather
experienced, a wide
variation occurred in the outcome
of individual
crops.
New pro¬
duction records were established
conditions
oats,
wheat,
; hops,
popcorn,
size
included
hay,
potatoes, sur
soybeans,: flaxseed,
oranges, grapes and pe¬
Large crops of command
garcane,
cans.
peanuts were produced, and sorr
ghum grain, dry peas and grass
.and legume seed crops as a whole
"were larger than average.
Howlever, production of barley, rye,
;dry beans, buckwheat, sorghum,
silage and forage, sweet potatoes,
beets and apribelow average.
Except
sorgo syrup, sugar
cots
was
production was
the smallest since 1896.) Produc¬
tion
of) apples,
sour
cherries,
'maple syrup and maple sugar was
the smallest on record.
I Unusually favorable conditions
,'in most areas for the fall planted
crops were experienced in the fall
,of 1944 and through the winter
months.. Soil moisture was ade¬
quate and a hardy growth and
good snow cover resulted in-little
•for
1921,
cotton
'
frost
end
the
toward
lina
of
and ; the
northward^
-
Harvest' of
Northwest.
Divide eastward;. :
precipitation
In both
was
above
for
the country
as
a
'•:* Under these conditions
normal
'J
whole.
!the 1945
J
season was
early start.
\ growth was
vegetative
fully a month ahead
By April 1
date. Seasonal
farming
operations were 1 well
{ahead of schedule and a considerable amount of spring seeding had
•been done.. "In early April tem-
-of
'
off to a very
for that
usual
■
'
,'peratures" dropped below normal
freezing temperatures were
Zand
.
widespread.
Fruits, early vege¬
tables and gardens
•
in many areas
blow and
other crops were set back. The cool
weather
retarded early -growth
were'
dealt
a
severe
,
7,121
21,684
.
Z
1,506
52,346
*103,139
70,310
181,542
;Z
face
dry
95,590
V
9,857
7,486
11,524
12,294
711
4,772
6,367
20,009
17,688
12,293
12,230
9,195
4,902
3,703
97,954
104,951
5,175
(tons)-..
:
74,016
57,556
3,942
(bu.)
142
i
13,378
,
1,146
1,689
.1,142
1,200
142
91,573
13,878
.
1,899
302
,
.,
254
=
336
275
247
883
700
1,140
122,324
275,400
232,500
365
385
1,677
i 1,332
1,453
2,030
;
1,571
699
496
469
1,822
319
;
*16,059
15,942
3,976
;
10,415
10,873
750
656
3,150
3,183
-1,478,325
1,457
2,922
1,265
2,824
375,091
768
709
67,059
71,306
1,751
1,846
171
1,392,390
12,862
1,956,022
04194
5,640
6,167
21,071
conditions for •
and in early
spring, and relatively light,aban¬
donment of winter grains. Favor¬
able
outlook for prices encour¬
aged acreage expansion for wheat,
rice, tobacco and popcorn, and
maintained a high level of acreage
;
of soybeans.
Wartime needs,
backed up by government pay'
ments, encouraged the increases \
of flaxseed, sugarcane and sugar
beets.
These also encouraged an ■;
above-average
acreage
of seed
crops, in : spite of extremely ad- Zq
verse
conditions
attending har¬
vest.
On "the other hand, lower
25,865
6,755
8,638
the
6.784
191,722
4,213
,
Z 3,945
:
3,036
797
The picture by regions and
varies sighificantly.
The
acreage harvested in the Atlantic
States
Central
South
States
is
smallest shown in the record
total) a rea • harvested in the
Western States
under last
acres
about 500,000
was
year,.which
was
the record high.
In Indiana and
total
Sorgo
of
an
crops
other ) eastern ; Corn Belt States
harvested
near-record acreages.
In the
western
Corn Belt,
all
more
total
acres
than last year except Kansas
rains
and
States
/
were
from
and
hard hit by
:)) The ) Plains
floods.
(bu.)
(lbs.)
1,506
(gals.)__l
syrup
Kansas) northward
:
225
<:
and
seed.(tons)
288
Sugarcane syrup (gals.)
Sugar beets (tons)—
(tons)
(lbs.)
Hops
301
135
134
Moreover,
since
pasture
that
other
become
was
time.
land which
idle
or
has
devoted
to
in crop production at
of the Corn
Outside
Belt, all other States show smaller
total acreages harvested than for
last
oming,
and
The
except
year,
a
Colorado,
Wy¬
Washington, " California
few
New
sharpest
England
percentage
States;
reduc¬
tions occurred in the West South
Central
The
drop
and
was
425,131
66,836
,
'
2,041,811
12,104
;
808
558
®*8 .681
**7,336
691
10,592
565
<.*8 ,681
**7,336
2,612
2,568
291
389
250
40
41
tt39,240
47,840
«13
14
„-——«
•;
7i8
251
991
mv /1
32-
v.
34
37
tt8
8
Hemp fiber (lb.)
t+29
53
7
$t27,701
51.632
Hemp seed (Ky.) (lb.)
Apples, commerc. crop (bu. )•
«12
1
l
tt4,255
528
11119,046
t+124,754
tt57,201
tt75,963
t+81,578
tt28,616
tt31,956
t+33,574
Flax fiber
———„—
(Oreg.} (tons)
56,128
12:
*
Peaches, total
total
Pears,
(bu.)
(bu.)
Grapes, total (tons)
——:
ft2,475
Cherries (12 States) (tons)
Apricots (3 States) (tons)—.
ft 153
Plums
dried
++98
163
77
94
(4
108
76,505
113,010
111,350
;•
States)
t—
Pecans
(12 States)
(lbs.)
truck
For market
(11
i
63,030
12.633
13,900
632
378
'140,165
-i;; <v
;
—
crops)
1,711
649
-
' 132,582
\
&
"^209"1^831'
crops
(25 crops)__
For processing
.
;;T;'—
32,130
11,339
97,346
—■
States)
:
Commercial
,
37,000
(boxes),.
(5
(bblS.)
■
220
,
—
(Calif.)
Cranberries
++7r
3
-
Oranges (5 States) (boxes)(boxes)
is+
States)
(4 States) (tons)
,1,901
1,880-.
w
—
1,498
1,951
1,913
329,239
,350,980
346,974
—
»
,
—^
,
Weight;
JGreen weight. ■ SBags of 106 pounds (untapped,
ttlncludes some quantities not
harvested;;
t tShort-time: average.: * * * Excluding', crops not harvested, minor crops,
duplicated seed acerages, strawberries apd other fruits.
•Short-time
cleaned.
+Dry
average.
if All
:
purposes.
**1.000
trees
I'
•
^
-Yield per Acre
1944?
1934-43
1945
•
land
of
-
and dry
require- u
ments
reduced,
the
harvested
acreage of hemp fiber and hemp
seed
dropped sharply from the * '
level reached early in the war •*
period, when there was a critical
demand for hemp fiber. The lim¬
ited labor supply, augmented by
imported workers and prisonersof-war was shifted to cropsvyield- ;"
ing high returns per acre but de-q
manding large labor requirements; V
namely, tobacco, sugar crops, po¬
tatoes, and truck crops for market
and processing.
Crops with high
relative returns, made possible by ./
improved
varieties
or
cultural
practices, were favored over com- peting crops that had fewer tech¬
nological advantages. Barley, rye,
durum wheat, dry beans and peas,
cowpeas and sorgo sirup were at
a
competitive disadvantage with
other
crops
and ' showed; de-Z:.,;
clines. The general tendency was
for reductions to be sharper in
acreages
14!
■_
returns
tive
2,804
v
.
t+202
•
on the less produc-.
brought decreases in
poor
tt71
(tons)
(3
Prunes, other than dried
Lemons
2,737
.
favorable
last* fall
support prices than last year and
64,400
:
355
(tons)——
Grapefruit
420
214
(2 States)
Prunes,
6,762
;
t+215
beans, •
;
dry
With
peas
wartime
..
.
Crop and Unit—
Average;
Corn, all (bushels)
Wheat,: all. (bushels)
■_ Winter- (bushels)-
f-—•:
Other
i8.i:-zZe^Z;.
14.7
....1,v
;
———
All spring (bushels)
Durum (bushels)
18.7
15.3
13.2
12.1
^y.y,>.'?
...
16.6
" V-
15.1
13.3
——
(bushels)
(bushels)
Barley (bushelsl
17.3
17.6
.
16.9"
.
'
17.8
ZZZ
17.1
29.6
spring
Oats
33.1
33.0
26.8
29.8
16.5
the marginal areas
37.3
23.0
22.3
Ryev (bushels)Flaxseed
Rice
"
—-s
:
lint
all
Hay,
:
Sweetclover
the
1.53
weather
ZZv-Z.93
1.63
(bushels)
.96
1.18
1.37
1.11
—
1.41
.83
(bushels)
.78
.78
2.59
2.54
2.74
Timothy
seed
(pounds)
(bushels)
dry edible (pounds) —1
Peas, dry iield (pounds)
f
Soybeans for beans (bushels)
—_*
872
864
791
.
1,128 Z
;
17.6
1,273
1,189
18.3
'*17.6;
•
Cowpeas for peas (bushels)
Peanuts picked and threshed (pounds)
Velvetbeans§ (pounds)
Potatoes
(bushels)
(gallons)
—Z—^
—
'
;
"•>DS
(pounds)
InoU«ds)
Flaxf fiber (Oreg.)
sugar
12.0
12.1
:• 11.9
,v
If2.43
112.01
362
U.ll
254
•
—Z
^
ZZ—*
average.
per
tree.
T
tDry
-
■
weight,
;
'
*919
/-
.'
440
fGreen
§ All
weight,
1.50
980
•
,:967
*436
.
1,379
1,293
(tons)<4—-Z—*1.60*
Hemp seed (lb.)
equivalent
23.6
193
—
Hemp fiber (lb.)_„
♦Short-time
.;
Was the
1
281
—
61.9
20.8
350
,
{Total
purposed.
in se- ( ■
losses
reached serious proportions. The ; ;;
total acreage losses for 16 priaci- ;
Z
pal crops amounted to 10 million
acres, about 2 million acres less
than in
1944 and ) the smallest since 1930. Except for 1942, abanverity,though
.
New Mexico, where drought
greatly curtailed both planted and
harvested acreages.
The
total
;Z;,Z::q
seeding
of
planted
tended
conditions
period of adverse weather
adjacent
States. covering much of the country
especially marked from April through June. Though
small
grains
early,
wet ' and
cold
weather
prevented sowing the
full intended acreage and shifts
were made to crops that could be
planted to
crops was
reduced from earlier
expectations because of the ex¬
acreage
spring
started
drought
sisted.
Unfavorably
later.
in
in
As
most
wet
and
Southwest per¬
result, even the in¬
the
a
places
lightest since 1931. Com¬
paring 1945 with 1944, the differ¬
ence
in winter wheat abandonment is about equal to the differ¬
ence
in the total acreage losses ^
for the two years. Acreage losses
were
larger than last year for
and dry
in the wheat v
cotton, Z sorgums
corn,
.
but were smaller
of oats, barley, spring
beans,
case
in
locally
donment of winter wheat acreage
1,106
.
1945
the
.
-V 94.3
■:
62.4
*
19.5
156
150.6
92.8
1,117
57.4
Z-Zii-W
840
131.1
84.2;
:Z'■'
926
Sugarcane for sugar and seed (tons)
653
844
•
124.0
(bushels)
(pounds)
Sorgo syrup
814
:
Sweet potatoes
Tobacco
670
728
l
—
6.0
5.6
5.2
.
of
•? many
conditions was widespread
3.78
3.63
3.33
Beans,
204
207
190
Although
crops.
provided
major causes of losses in acreage ..
floods, droughts, excessive rains
and frosts—none of the adverse,
2.37
2.03
2.21
(bushels)—
■
■'
Lespedeza seed
1945
1.41
1.32
1.34
r
(bushels);
seed
5.54
249.6
1.26
•
clover seed
1.32
"
293.5
231.0
(tons)
clover seed
5.14
6.63
droughts
planting time, land was not as
closely utilized as in 1944,
The character of the season is
further illustrated by the nature
and extent of acreage losses for {Z'V-
15.1
1.63
•
at
1,447
■
1.31
Hay, all tame, (tons),
Hay, wild'(tons)'
Red
1,343; .4
v19.9
•
excessive rains and local
9.4
46.6
46.3:
13.7 fe.
(pounds)
Alfalfa .seed'
16.2
8.4 /
*1,327
—
Sorghums for forage (tons)t—
Sorghums for silage (tons)t
13.3
^■■■0
17.8
•
8.1
47.8
■■
Popcorn (pounds)
Sorghums for grain (bu.).
Cotton,
;
16.9
(bushels)
(bushels)
11
11.9
:
Buckwheat (bushels)
and less so iri
the better producing sections, Be¬
cause of limited labor supplies and
25.9
.
■
Broomcorn
was
531
•
383,134
**10,784
time
low
2,079,600
*615
'
1
**10,784
—^
Sugarcane syrup (gallons) —_^
Sugar beets (tons)
—Z-Z
Maple sugar and syrup (pounds)
acreage in Summer (fal¬
much smaller than mow.
•
"
Maple sugar (lbs.)
Maple syrup (gals.)—
Broomcorn
296:
133
—
harvested much less acreage than
in the early thirties, but at thalj
the
871
Sugarcane for sugar
Alsike
Wisconsin, the
harvested
all-time high.
The
acreage
potatoes
Tobacco
the
cov¬
ering the last 17 years.
In the
South Central States, the
1945
total is down 15% from the peak
acreage harvested in 1931.
How¬
ever; in the North Central States,
the aggregate was up nearly 2,000,000 acres7 froiri last year, but
was still 2% below the 1930 high.
The
(bu.)
'Total, 52,crops***
acres,
2,110,775
'
2,144
late
of 52 crops har¬
vested in 1945 totaled 347,000,000
acres, 4,000,000 acres less than in
1944,. but otherwise the largest
acreage harvested since the 19281932 period, when it ranged be¬
tween 351,000,000 and 362,000,000
and
2,080
—
Velvctbeansll (tons)
Potatoes
Sweet
•
from
prompted by the lower labor
seeding
7,098
20,890
9,644
(bu.)____
190,406
picked & threshed
(lbs.J
under the
plant
Power
in
the
they did.
long
hours
danger
usually
•'••;'■ 5,594
1,303
Peanuts
as
requirements for small grains, un¬
13,578
8,900
:r..v:
86,732
of
was
S:;?:VS?'640
1,331
331
.623
(bags)§
1,179
2,156
v
125
84,076
.
V,:.
30,144
,:v
;V:Z"> '835;;
$ 2,427
1,126
;
77,415
14,311
968
.
i
■.
87,559
59,905
14,427
733
seed
74,216
59,589
12,012
(bu.)——.
field
.
fall frosts,
made this achievement possible.
Aside
from
the
changes
in
cropping
plans
dictated
by '
weather influences, the pattern of
crop acreages reflects the varied
effects of prices,
limited labor
supplies,
wartime
needs,
farm
carryover, and comparative returns
from competitive crops. The shift
from row crops to small grains
435,840
960
7,558 '
.J:
69,568
seed
r
and determined efforts to
plant the late crops, even in the :
: 70,160
234,747
6,324
175
9,104
—
(tons)
clover
much
equipment,
36,688
68,161
301
i
1,471
'■"J
25,616
(tons)
clover
accomplishment
these
remark¬
a
fields,
6,701
9,166
23,135 ;•
Cowpeas for peas
Pacific
acreage
Missouri, which
months
413
3,914
,
4,812
the
crops progressed ■ fairly satisfac¬
torily,? although wet fields hin¬
dered • operations
from
Illinois
eastward.: Corn remained high in
moisture
content, which slowed
and were unseasonably
'warm in March from the Contimental
26,354
Soybeans for beans (bu.)__
■
States harvested
February
25,500
2,750
*77 "
Timothy seed (bu.)
Beans, dry edible (bags) §__.
from Tennessee and North Caro¬
aged two or more degrees above
normal over the whole country in
■
1,547,665
263,961
1,981
515
,
2,498
(bu.)
Sweet clover seed (bu.)_.
Lespedeza seed (lbs.)
This frost extended down
month.
reached
,
264,946
278,561
was
■
420
(tons)
Alfalfa seed
was
grains in the more
northern : areas
where
winter
■winds and freezes usually threat¬
en survival.
Temperatures aver¬
loss to winter
'
281,314
1,154,666
273,481
41,434
*
Hay, all tame
schedule.
.
near-record
173,756
1,068,399
10,195
.■,
by
sorghums
corn,
It
circumstances for farmers to
as
■
tobacco, rice,
peaches, pears,
grapefruit,
almonds and. truck the gathering of this crop.
"crops fqr fresh market. Crops of
The
"for
3,379
(bales)
Cottonseed
Peas,
35,020
823,177
1
1,970
16,092
'12,104
( - 2,228
902
.
especially
of the late planted
into northern Iowa, northern and
:crops, it was excellent for filling
.western Nebraska and southward
•small
graina and for hay and
over
the high
altitudes of the
.pasture
crops, f Acreage
losses Great Plains States.
Killing frosts
•were comparatively light, but ad¬
swept over most of the ;Corn Belt
verse weather prevented planting
In the first half of October;) Rain¬
.the
full
intended
acreage' this
fall was light in November exseason, reduced
yields and im¬
cept east of the Mississippi River
*
11,997
8,705
Alsike
299,966
31,933
41,503
,
16,419
'38,735
Sorghums foe forage (tons) t
Red
313,247
29,330
18,062
2,116
1,103
Hay, wild
203,085
46,678
18,535
2,361
Sorghums for silage (tons)t
all
585,994
40,560
15,303
4,886
Hay,
able
2,433,060
789,080
(bu.)
Cotton, lint
1,123,143
64,740
Popcorn (lbs.)
•
Sorghums for grain (bu. )__„
ditions
While June -weather
decidedly unfavorable for
corn, it was definitely favorable
in the late spring and early fall.
for small grains in
the filling
On the other hand, moisture re¬
stage and for the development of
serves and rainfall were adequate
hay and pastures.
More season¬
•for most of the country and with
able temperatures prevailed dur¬
lew exceptions, irrigation water
ing
July
and
August -which
supplies were ample. There was
favored harvesting operations and
no
widespread
damage
-from
speeded progress of
corn
and
•drought to cut down the 1945 out¬
other late planted crops.
Sep¬
put, although some areas in the
tember
brought cool and wet
Southwest
suffered
from
ex¬
weather again •arid the first killing
tremely dry weather. Though cool
weather
Rice
3,018,410
1,072,177
758,930
91,202
12,943
affected
were
3,203,310
97,078
59,095
35,783
conditions
1945
and broomcorn.
38,526
.
Most
dates.
.:
1944
1934-43
1945
1944
53,829
;
.
under the
■r j, uu uLviuiii1
(in thousands)
91,209
;
(bu.)_
__
was
Harvested——
of late crops could
fully realized, in spite of
prolonging the planting of these
crops
long
past
the
optimum
be
not
1945
Average
1934-43 S
,
'
and
tended acreage
(in thousands)
Winter ,(bu.)
correspondents, field statisticians, and cooperating State agencies.
);• All spring (bu.)
Crop production, in the United^
Durum
(bu.)
restricted
States in 1945 turned out to be ' arid
germination
of ryY Other spring (bu.)__„_
the third largest on record.
grains. ;: However, Dats (bu.)
Ag¬ spring-sown
Barley (bu.)
gregate production of crops was April rainfall was above normal
Ryev (bit),
21% above the 1923-32 or pre- over most of the country and ex- Buckwheat (bu.)
drought average, but fell short of cessive in Missouri and adjacent Flaxseed (bu.)
the record
qV...:.;,.
'Z,
PRODUCTION OF CROPS
Average
|
duction for the United States,
699
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4461;
»'•
'
flaxseed.
and
right
additional
from
Aside
abandonment
damage
of
to
out- *
acreage,
yield
and
This was especially pronounced in the North
quality
occurred.
Atlantic States, where wet
weather
damaged hay and grain in wind¬
rows
and
shocks,
and in the
(Continued
on
page 700)
>„
I'
THE COMMERCIAL & FINANCIAL
are,
Report of the U, S.
//•
Department of Agriculture for 1945
General Crop
Central
North
and
Plains States
killing frosts caught imma¬
ture corn and sorghums. Rust in¬
festation was localized and there
where
was
no
widespread insect plague,
though boll weevils damaged cot¬
ton. Probably the biggest misfor¬
tune was the
unprecedented dam¬
apples and sour cherries
caused by the freezing tempera¬
tures last spring.
•
Crop yields per acre averaged
about 30% above the 1923-32 preage
to
drought average, but fell 2% be¬
low those of 1944 and 4% below
the record high yields in 1942.
Yields were the higest ever ob¬
tained for oats, potatoes, and the
Carolina.
North
and
Sorghum
•
grain JC~
production fell far
fc>^ ******
;
-
-
•
-nA
A
short of
J
unprecedented 1944 crop and
the
than
smaller
was
1940, but well above
duced since
of
that
The
prior to
year
any
of
production
large /
-
crop.; pro¬
any
1940.
feed
grains assures generally adequate
supplies, as production per grain
consuming animal unit was well
above average and only about 2%
less than last year. Hay supplies
are unusually large, but the sor¬
and
silage
ghum
forage
crops
smaller than average. Sup¬
were
of feed crops are short in
the Southwest and in a few other
scattered localities, but generally
plies
and
either
measures
are
quickly
and
cannot
as
•
taking
dry the corn
to
where possible, or to
stock
corn
produced in Indiana
were
crops
"■/'
699) '•
(Continued from page
not finding their problem in¬
surmountable
feed to live¬
locally, such
safely.
Indiana
in
States,"
a
many
near-record
Wheat;
in numerous other
in the South, at
levels./>///.
bushels
The
record
in
1945 is estimated to be
000
since 1937. The acreage and
production of corn for silage are
near
usual levels, but much im¬
mature corn was hogged, grazed,
or cut for fodder as a salvage op¬
eration, thus increasing the forage
acreage ; to ' 5,749,000
acres
or
6.3% of all corn acreage. This to¬
tal compares with 5,380,000 acres
and 5.5% in 1944, when salvage
also was relatively heavy because
of
drought-damaged
corn
and
.
hogging off was increased
labor-saving measure.
The Chief factor causing smaller
a
new
a
1,123,143,high record.
production is due in
part to an increase in acreage and
in part to favorable weather. Har¬
vested
this
acreage
year
totaled
64,740,000 acres, 9.6% above last
year
and the third largest on
record. The growing season was
mostly favorable to wheat de¬
spite excessive rains at spring
planting time. Production in 1945
is 51 million bushels larger than
ast
year,,
previous .record
the
crop./;:////://.(/ • :■/y/•<;/■ •
when
as
•
••
Winter wheat contributed more
than spring
in New Mexico, turned into
season
of heavy abandonment
wheat to establishing
the record. The harvested acreage
.
/
.
and
•.
All wheat production
harvested as grain, com¬
pared with 88.5 to 90.6% in the
years
and., sprouting
in
the
unusually favorable
'The
start
About 88.6% of all corn acreage is
being
vesting
shock.
with production
stored
be
production records were set
and North Carolina
New
Monday, February 4, 1946
;
CHRONICLE
disappointing yields due
deficient
n
winter
the
moisture.
to
Yields
Pacifies Northwest
were
curtailed also by lack of moisture / / /
and hot winds. Except in the East ;/
Central States, however, harvest-/'//
ing of winter wheat /was com-/; /:
pleted
under
very
weather conditions.
iS
favorable
,
-
V/•r. w
,1.
Durum wheat acreage harvested
this year was down to
.
1,970,000
acres./'Except in the
drought years of 1934
//
extreme
and 1936
this acreage never before has fall¬
en below 2 million acres.
It was
an
exceptionally favorable year
the standpoint of yield per
from
acre
and good
harvesting weather
The harvested yield of 17.8 bush¬
els per acre is 2.7 bushels
//
higher
than
last
and
year,
is
Second
to //
corn
production this year, com¬ of winter, wheat, at 46,678,000
The yield per
speaking,' feed
production was pared with 1944 was the relatively acres, "is 15% above last year; the the record 1942 yield of 21.2 bush¬
acre for tame hay equalled that
els per acre. The harvest was 35
small acreage for harvest. Except
planted acreage was only 9%
of the record 1942 crop, while this fairly well distributed this sea¬
son.->' ': ;''
/, for the four years, 1939 to 1942, above the preceding year. The million bushels, 10% above last
year's tobacco yields have been
Unfavorable planting, growing in no year of this century has acreage of winter wheat not har¬ year's 32 million bushel crop.
exceeded only in 1944. Most crops
and
Other spring wheat also had aU
harvesting seasons affected a smaller acreage of corn been vested for gain was very low,
made' above-average yields this
the cotton crop, which amounted
planted and harvested than the 6.9% of the planted acreage. This fairly good year, but not in the
season.
However, yields for pea¬
to only 9,195,000 bales.More than
92,867,000 acres planted and the was the same percentage as in same degree as durum. Acreage
nuts, rice, dry beans, dry peas,;
2 billion pounds, of tobacco were 91,202,000 acres harvested in 1945.
1942, but lower than in any other harvested declined to 16,092,000/
broomcorn, and buckwheat and
some
seed crops were below av¬ produced in 1945, -The burley and Abandonment, at only 1.8%, is year since 1931 when it was 5.3%. acres, compared with 16,419,000
flue-cured crops, were the largest relatively low. That planting in¬ The •: harvested : acreage : of
all acres last year. Also, the yield of
erage.
Yields for dry peas were
16.5 bushels per acre this year is
reduced by dry weather in the, ever produced, but the production tentions indicated in March and spring wheat, at 18,062,000 acres,
by declined 3% from the 18,535,000 .6 bushels lower than last year.
Northwest during July.
Broom- of southern Maryland tobacco was partially' unrealized 'even
down sharply from last year and July 1 were never fully realized acres in 1944, reflecting the wet
Production was 265 million bush¬
;corn
lacked sufficient moisture
crops.
sugarcane
,
crop
was ^mate¬
because of the adverse planting
weather handicap at seeding time,
development ,dn the
excessive ' rains rially smaller than average. Sugar season, became evident in the fi¬ labor limitations, and the compenal reports of the thousands of tion of other needed crops such
•were
detrimental in other sec¬ production/ raw value, from cane
farmers
upon
which as flaxseed and, in some sections,
tions.
Too mucjh/wet weather, and beets grown on farms should individual
feed grains.
.'0which retarded development and approximate about 1.8 /million these/ estimates are based. The
The total planted acreage of al
encouraged rankness and weedi- tons, about 23% more than last average yield of 33.1 bushels per
acre
tops
the 33.0 wheat for 1945 harvest estimated
ness
affected the yields of pea¬ year. The 1945 tonnage of sugar harvested
beets was materially larger than bushel average attained in 1944 at
nuts. Rice yieldswere lowered by
68,781,000 acres, was 3Va mil¬
last year, but below average. :
/ and exceeds that of any other lion acres more than the 1944 to¬
;the Texas hurricane. Liberal ap¬
I/ Production of oilseed crops as year except 1942. Use of hybrid tal and the largest since 1938. Un¬
plications of fertilizers
helped
a
whole was large, although the seed to plant 64%
of the total der the favorable moisture situa¬
tobacco and hay yields, but cotton
could notovercome the lateness tonnage was below that in each acreage—85 to 100% of the corn tion during the fall of 1944, win¬
in planting,
slow development, of the last three years. The cot¬ acreage in most Corn Belt States ter wheat seeding rose to about
and boll weevil damage which tonseed crop, of course, was ex¬ —is a significant factor in the 50/million acres, an increase of
reduced yields. Sugarcane yields ceptionally small/ but production high average yield, not only be¬ 4 million acres or 8.6% from the
of
the
better
yields preceding fall. With spring work
reflected the favorable weather of soybeans, peanuts, and flaxseed cause
has seldom been exceeded.
,£/• / ascribed to hybrids, but also be¬ retarded by wet weather, all spring
experienced in Louisiana in the
Fruit production was extremely cause
hybrids tend
to mature wheat seedings were reduced 3%,
late winter and early spring. Invaried for the individual- crops. earlier and more uniformly, thus
to total 1945 plantings of about;
creasing proportions of acreage
18.7 million acres. Durum wheat
devoted to improved varieties ac¬ The combined total/of 13 fruits, enabling many fields to win their
norainst frnsts.
needed acreage, at 2,010,000 acres,
counted in large measure for the including citrusJ crops from* the race against frosts.
for
fire-cured
the
proper
and
Southwest
;
,
els, which is nearly 6% less than
last year's crop of over 281 million bushels.
last
v
Although lower than
and
year
the
lowest
since
1940, this year's yield is 3.2 bush- :/>
10-year
els;:per acre above- the
(1934-43) average.
./
%
v
Prolonged spring rains and low'
temperatures delayed completion
of seeding and interfered some-V
what with seeding the intended //
acreage
of other spring wheat.
The
spring moisture situation,
however, was favorable for spring
wheat
growth, while the
cool
kept rust development at
-
weather
minimum and aided filling. Because of the rank growth and the
a
//
•
the
unusually
but
Oats
were
aided
by
weather for filling which
also
helped wheat, barley and
rye.
The yield per acre of all
wheat has been exceeded only in
good
bloom,- was down 5%
1945
yield per acre for oats and
the second largest yield for corn.
record
from
record
was
production last year,
higher than for any year
/
before has a corn crop
Seldom
with
so
many
overcome
-
spring wheat
acreage declined only 3% to 16,648,000 acres this year, which com¬
pares with the total Of 17,110,000
was
serious obstacles to
able
to
reach
been
except 1944, and about 35% above bumper crop proportions. Early
1923-32
average.
Only 64 i spring weather was favorable for
million bushels of apples were planting small grains, acreages of
the
produced this season, the total be¬
which
were
increased
down 7%. Other
acres
.
Winter wheat
'
because of
in 1944.
.
.
-hV
production of 823
than last
million bushels is larger
Not year's 759 million bushel crop by
1944 produc- lower labor requirements.
/;-/>./ ;///:■//;': only did this decrease the acreage more than
barley is the highest since 1915. tiom
/enough to offset this
The aggregate tonnage of > 25 available for corn, but light aban¬
Shifts of acreage to the more pro¬
year's lower soring wheat produc¬
ductive areas, and a generally fa¬ commercial truck crops for fresh donment of winter wheat also left
tion. The 1945 winter wheat crop
to is the second largest on record.
vorable season, pushed the yield market reached 8.5 million tons, fewer acres to be replanted
of potatoes per acre to
a new a new record. Seven of the in¬ corn. Then at corn planting time Before the rains of early October,
dividual crops,
cabbage, cauli¬ intermittent spring rains and cold 1944, moisture in general was de¬
high. The yield of soybeans was
held down to the 1934-43 aver- flower, celery, eggplant, lettuce, weather
delayed operating be¬ ficient, but in the dry areas seed¬
optimum planting dates,; ing operations went ahead in dry
age" because pods were not well peppers and tomatoes, were the yond
"filled and beans were small in largest ever produced, and all but with the result that much acre¬ soil. In most areas, rains came in
Ohio
and Illinois where below artichokes,
beets,
Honey
Ball age intended for corn was never time to bring up to good stands
average
yields were registered melons and green peas were above planted. In a large central area the wheat that was seeded and to
this
season.
Conditions i/were average. Combined production of extending from eastern parts of permit the completion of seeding
commercial truck crops for Nebraska, Kansas, Oklahoma, and the intended acreage. However, in
*■'. generally favorable for flaxseed, 11
but local drought in Montana re- processing
was
about 4% less Texas eastward across southern the Northwestern States the dry
than last year, but considerably Minnesota, Iowa; Missouri, and
duced yields in that State.
condition continued through the
above
average. :/ A
record ton¬ Arkansas and up the Ohio River winter. In general, wheat went
For the U. S. as a whole, food
the /winter
with a
good
grain production in 1945 was the nage of green peas and beets were Valley, fields were waterlogged into
largest on record and feed grain produced, and sweet corn was the and could not be worked for ex¬ growth. It furnished more fall and
third largest crop ever harvested. tended periods.. Planting was not winter pasture than usual in the
production was the third largest
Lima beans and tomatoes were completed until mid-July.
In Indiana
The Great Plains States.
•: ever produced. -The total tonnage
affected
by wet
weather and latter part of July brought some and Illinois growth which occurred
of grain production, nearly equal
yields were low. The tonnage of "corn weather," which extended before winter dormancy was a lit¬
to the new high record produced
kraut cabbage
was
the largest through August and resulted in tle scant. Good snow cover fur¬
last year, amounted to 154 million
since 1934.
amazing progress.
Some fields, nished > mostly adequate protec¬
tons.
Wheat production reached
Corn; Another 3 billion bushel however, were not even tasselled
tion, which held winter loss to a
\
1,123 million bushels. Production
was
exceptionally heavy from corn crop was produced in 1945, by Sept. 1, making them vulner¬ low level, and the ground was in
to
Kansas northward, as North Da- the fourth in succession, although able
killing frosts that oc¬ condition to absorb winter mois¬
1942
1944, and the yield for
and
ing
about half the
■
■
•
.
•
.
.
•
.
.
.
kota,
Nebraska
and
Colorado
produced record wheat crops and
the smallest of the four.
turn.:
as
The out¬
farmers
reported/by
is
third 200
million bushel crop.
The 70-mil¬
lion
bushel rice crop was har¬
about
vested from a record'large acre¬
.
This total is 6% below the record
Khnsas
harvested
its
casts
2%
and
timated
at
short
of
earlier
production is
3,018 million
fore¬
now
es¬
bushels.
before
curred
and
dates
mature
corn.
tremely
most of
for late
.
near
or
resulted
The
in
the usual
much im¬
season
was
ex¬
favorable
for corn in
the South, particularly
' '•
corn.-
Yields of corn are better than
production, which to¬ 1944 production, ;-nearly equals
1.5 billion bushels for that of 1943, but is about a fourth average in all States except New
the U. S., was exceptionally heavy larger than the 10-year average. Hampshire,:. Vermont, and' New
in
Wisconsin,
Minnesota and These estimates include corn for York, where .the season was too
purposes—for grain, silage, wet and cool for best develop¬
South Dakota, where new produc¬ all
Oat
age.
talled
tion
over
records were set.
Corn pro¬
duction, estimated at 3,018 million
bushels, was 1$5 million bushels
less than the record
1944 crop.
Killing
corn
-
in
frosts
the
caught
many
immature
parts
of the
resulting in consider¬
quantities of soft corn. Qual¬
ity aside, yields were good over
most of the country, and record
Corn Belt,
able
forage, hogging and grazing.
Corp
harvested
for;' grain
amounts to about 2,699 million
bushels.
Although less than in
,
any
of the preceding three years,
this quantity is more
year
usual
is
than in any
prior to 1942. More than the
amount
either
ture
of this grain corn
or of high mois¬
"soft"
content.
Farmers, however,
ment. Acreage yields are exceeded
by wide margins in many States,
but particularly in one group in¬
cluding Ohio, Indiana, Virginia,
West
Virginia,
and
Kentucky;
which also greatly exceeded their
1944 yields, and in another group
of South Dakota, Nebraska, Kan¬
sas,
and Colorado in which only
Colorado exceeded the 1944 yields.
"V.
ture.
effects of plentiful early moisture /
which resulted in shallow root de¬
velopment, hot winds in the later /
forced
season
some
spring wheat"
to
maturity with heads poorly
filled, but this condition was lim¬
ited. The greater part of the late
|
acreage in the northern zone de¬
veloped
without
such
damage. ,<
in higher alti- $
by early frosts, /
and drought in Montana reduced
yields materially. The weather i
during harvest, however, was very
Some
late
wheat
tudes
was
hurt
favorable for complete harvesting
of the spring wheat crop.
In the
Pacific
Northwest, yields turned
early expectations
out lower than
because of dryness which contin¬
ued
throughout the
Wheat
The
season.
production
1945 production
by
classes:
of hard red
spring wheat is 232,852,000 bush¬
els, durum 35,731,000, hard red
winter 519,421,000, soft red win- t
ter 234,025,000, and white wheat
101,114,000 bushels. Production of
hard
red
winter, soft red winter
wheat is larger than
and
durum
last
year,
red
but production of hard
spring and white wheat is
smaller.
This year's production of
hard red winter wheat is the larg¬
est
of' record
(beginning with
1919) hard red spring is the second
largest and soft red winter is the
highest since 1937. Durum wheat
production is the lowest since
1940, with the exception of last
year.
White wheat production is
a
little less than last. year, but
still large in relation to the past
growth at¬
warmer-than-usual
;
March and early April weather.
After mid-April a shortage of soil several years.
moisture developed in the south¬
Oats; The Nation's largest oats
ern Great Plains, which lessened
crop of record, slightly more than"
yield prospects as the season ad¬ IV2 billion bushels, was produced
vanced. On the other hand, ex¬ in 1945. This exceeds by 103 mil-/
cessive rains fell in the eastern liort bushels the previous record
portions of the Central Plains crop produced in 1920, and is 34%
States arid in the North Central larger than that of last year. The
and East Central States.
Spring crop was harvested from 41,503 floods caused considerable loss of
000 acres—7% more than the ac¬
wheat acreage on bottomlands in
reage harvested in 1944, and 16%
Illinois, Missouri and Iowa, but
such losses were less than in 1944. more than the 10-year (1934-43)
In States east of the Allegheny average. The average yield of 37.3
I Mountains,
numerous
and pro- bushels per harvested acre com¬
l longed rains caused considerable
loss of grain from delayed har-r pares with 29.8 bushels in 1944,
•
Early start of spring
tended
,
the
'V:
,Volume 163
Number 4461
"
THE COMMERCIAL & FINANCIAL CHRONICLE
lot
nr-muMi#':
and
the
10-year
of
average
29.6
Inability of barley to
An
exceptionally
good
season
experienced in most areas and
especially in the Corn Belt States,
was
where
and
age
I'.1
tion
;
i
more
acre¬
80% of the produc¬
over
grown this year.
was
An
un-
usually early spring enabled farm-
,
| ers to seed
a large portion of their
Unfavorable weather in
oats early.
'■J-
than 75% of the
sections
delayed seedings,
but
did
not
materially reduce
them.
The growing season, pro¬
longed by ample moisture and
cool weather, was ideal for filling
and maturing the crop,
resulting
in high test weights and
large
yields per acre. Yields in many
some
;:i
'
local
far
areas
exceeded
vious records.
exceeding
:'
average
all
pre¬
Yields equal to or
the
10-year
(1934-43)
attained
were
fourths of the States.
below average only
in
three-
Yields
were
in New Eng¬
land States (except Rhode Island)
and; in New Jersey,
Missouri,
Oklahoma, New Mexico, Oregon
and Washington.
l,*
;
•>
Record
acre
•'
yields
were
harvested
per
v
obtained in
cline.
ceptionally heavy in the normally
- producing
North r Central
States, which had large acreages,
high yields and unusually small
harvesting losses. New produc¬
tion records were established in
high
;
'
The
indicated
4
bushels
per
of
Dakota—the
trend
the
bines, and
crop,
being developed. The
requirements of the
increased use of com¬
the
exceptionally fa¬
vorable feeding qualities of oats
"
are other factors which have con¬
tributed to the steadily expanding
.acreage in most areas, especially
three-fourths /-of
for grain this year are noted in all
North Central States, except Mis-
and
;
and
souri
Kansas,- and ; in
most
States, except Louisiana
Southern
and Oklahoma.
;' Barley: The 1945 barley crop of
263,961,000 bushels is the smallest
since 1938.
y.
1944
It is .5% less than in
and 3 Vz %
less than the
10-
(1934-43) average. Reduced
acreage accounts for the decline
year
in total
than
16%
less
less than
the 10-year ; average,
The yield
per harvested acre is 25.9 bushels,
..compared with 23.0 bushels last
year, and the 10-year average of
22.3 bushels, This year's yield is
the highest since 1915.
>■
.
v
The reduction frorn last year
in
million
temperatures
year,
The
Ne¬
harvested
.
;
;
this
estimated
in
1944.
in
1945
The
is
,
:
production.
age
was
with
The
17.8
bushels
last
frosts
Central
South
was
and
grains
States,- but increased slightly in
the Western States. Among major
buckwheat
barley producing
of June.
States,
Dakota
acreage
reduced
was
-462,000 acres or 26%; in Kansas,
;
449,000, or 54%; in North Dakota,
306,000 or 12%, and in Minne¬
sota 256,000 or 36%.
Most other
showed
States
the
from
in
declines
levels.
Only
and
Yields
higher
per
than
acre
obtained
this
average
Below
States.
i
this
they
in
average
are
most
yields
in
Tennessee, Ok¬
Texas,
and
Montana,
whereas yields were about aver¬
age
in Illinois,
Missouri, Ken¬
were
lahoma,
Pennsylvania
New
but
cover
half
of
two
and
States.
This
States
from
harvested
98,000
1,519,000
and
acres,
were
five
Unusually
produced in each
central
yield
States.
The
harvested
in
Dakota
greatest expansions in acreages
harvested in these States occurred
in Idaho, Colorado, Oregon, Wash¬
sweetpotato
000 bushels
weather
Early
seasor*
also impeded by un¬
was
favorable
The revised
estimate
of the
1944
is 71,306,000 bushels and the
10-year average production is 67,059,000 bushels} The 1945 crop
crop
harvested from 709,100 acres,
was
in
8% less than harvested
and 11% under" the 10-
acreage
1944
year average.
94.3
bushels
duced
in
An average yield of
per
acre
pro¬
was
which
1945,
was
some¬
what lower than indicated earlier
in
the
the
highest
yield since 1929.
v'%i
Louisiana is the only important
sweetpotato producing State in
which the i acreage harvested in
but
season,
,
1945 exceeds that of 1944.
tunity
weather.
in
June
dry
Warm,
conducive*
was
Louisi¬
South Carolina and Iowa are
in which the acre¬
ages harvested in 1945 were above
the 10-year averages. 17% of the
ana,
the only States
Adequate'
and
cultivation.
for
rainfall in July
excessive
lusfa
early August brought about
growth and interrupted priming.
Early September was warm and
ideal for priming and curing.
seri¬
The Burley crop met some
obstacles in the early
ous
mold
Blue
was
in
severe
many
and cold weather
beds,
plant
season.
this
13%. In. Louisiana,
prices received for
the 4944 crop, favorable weather
at
transplanting time, and in¬
creased acreage grown for dehy¬
•.
dration contributed to the expan¬
sion of acreage.
decreases
and California.
A record
high acreage was harvested in
Idaho.;, Above-average yields per
were
produced in each of
these 10 States except Idaho. De¬
acre
spite
frost
damage to late
record-high yield "was
some
potatoes, a
produced in Nebraska.
in
these
States
was
! ever,
1
some
late
harvested
minor freeze
[ is generally
crop
surplus
Western
The
with
good.
In Idaho, how-
potatoes
were
in the field.
Acreages
New
were
chilled
/•
harvested} in
England
Maine,
age
only
damage and quality
States,
•
the
outside
;. ;
5
of
below the 1944 acre¬
except in Rhode Island, where
In States showing
from 1944,
in. acreage
high labor requirements, competi¬
tion with other crops and unfavor¬
able spring weather were factors
contributing to the general reduc¬
tion.
Compared with. 1944, .the
sharpest reductions occurred in
Texas, Oklahoma, and Tennessee.
;
Conditions
generally; favored
growth of the; crop during the
summer months. However, in New
Jersey,
Kansas,
Maryland and
Delaware, yields were consider¬
ably lower than indicated earlier
in the season, as roots failed to
attain the development indicated
by the luxuriant vines. A record
large
crop
was
produced
in
Louisiana.. Below-average crops
were produced in all other States
except South Carolina, Mississippi,
Texas and Iowa.
.
iri
the spring retarded progress. Dry
followed
became*
and
Kentucky, but rains fell
bring about substantial
recovery in most localities.
The;
present estimated production—603
million
pounds — exceeds
last
year's
record
output by about
in
acute
of 66,836,-
crop
harvested in 1945.
was
in time to
2%
1934-43
the
and
by
average*
The increase in production
34%.
last year was
over
brought about
entirely by increase in acreages.
The average 1945 jdeld i>er. acre
for
is 1,135
compared wifft
1,182 pounds per acre in 1944.
The crop of southern Maryland
tobacco is placed at only 21,600000
pounds and compares with
38,250.000
pounds,the ^revised
production for 1944.; Unsatisfac¬
tory weather and & shortage of
workers brought a sharp reduc¬
tion in acreage from 1944.
This
year's total was 36,000 acres, com¬
pared with 45,000 in 1944/
•
•
Estimated
production of firecured
tobacco,
at
62.9,' million
all; Burley
pounds
tobacco
.
pounds, is about 2% less than last
year and fully one third below ths v.
10-year (1934-43)
average. / The
this year, 63,100 acres, al¬
though practically the same as iri
1944 was but little more than half
acreage
the
,,"V
average. *
-
of dark air-cured toincreased sharply from last
Acreage
bacco
indicated
is
Production
a
48.0
at
pounds, compared wiffe
44.5 million pounds in 1944 and
the average of 36.1 million pounds.
is';%V
pounds,
.5% above last year's total. Alt;
Production of all cigar types
of
million
130
at
estimated
increase
the
iri
about
came
of
ing produced this year
compared
pounds in 1944.
with 57.2 million
Wrappers account for 11.0
millidn
pounds of the production, 3% less
last
than
is
fillers
year./;
oC
Production
at
56.9
million
is
placed
which
pounds,
2.4
millibh
tion.
\
•
planted
acreage
larger
most
in
pounds.
were
year.
tobacco
to
States
«
generally
was
her
this- year
below
last
ages
were
in
1944
were
those where plantings
were
smaller
reduced by unusual
and
than
difficulties at
setting
time.; Ap¬
proximately 57% of the produc¬
tion
was
has
been
flue-cured and 31%: was
reported
that Mrs.
has
indicated
Roosevelt
Eleanor
The few States where acre¬
planting
It
The
than, last, while average yields per
acre
Mrs. Roosevelt to Russia
with the 1944 crop
million
1;956
•
million pounds be¬
binders—61.8
high record. This
new
!
million
production of tobacco in
1945 is estimated at 2,042 million
pounds,
.
year.! This year's acreage 46,100'
acres, is about 14% larger than
last year and the 10-year average.
Total
total compares
%•
acre,
per
pounds below last year's produc¬
Tobacco
ington
caused
although
these
less
was
years.
is the largest on
Quality of the crop in
these States is reported very good.
The acreage harvested in the 10
western surplus late States was
12% greater than in 1944.
The
con¬
produced
the total production.
York
bushels
20
crop,
Minnesota
recent
record.
that
account
and
in
North
to
growing
time
normally
production of this
these
acreage
upward trend that began in
140-bushel
crop ' pro¬
for two-thirds of the acreage
of the
States./::
than
last
losses are 24%, 13% and
35% respectively. New York and
estimates
to
%
However, the
year.
Dakota
acreage
year
expected
-
low the
considerable acreage loss, partic¬
ularly in three important States,
New
York,
Pennsylvania
and
Michigan, "where the estimated
tucky, Washington and Oregon.
Compared with last year, yields
were considerably higher in most
important barley producing
% The
harvest
at
had
in North Dakota continued to fol¬
buck¬
but adverse weather
ditions
.
year
acres.
gressed well during the
season,
above-average
was
The acreage harvested in Mich¬
compared with 515,000 acres last
year and the-10-year average of
420,000
"
Sweetpotatoes
A
:
satisfactory
igan,; Wisconsin^ Minnesota and
South'! Dakota declined further
diverted to
/of
1944.
above
growth
weather
average" of
plant.
during the latter part
acreage
yields in Tennessee and Alabama
equalled the records.
,
Pennsylvania, the
harvested was less than
acerage
-
Harvested
in
California did increases
acreage, occur.
was
and
year,: compared
with 14% in 1944 and the 10-year
up-state
Also, continuous rains at planting
time prevented growers in New
York from putting in
the full
wheat this year was 413,000 acres,
Ari¬
Montana,';' Colorado,
Ohio,
zona
smaller
1944
;
■
Carolina
North
national acreage was harvested in
In
abandonment in these two States.
other
acreage
6%
rec¬
har¬
Louisiana
July.'v. There
have been planted to corn
other
in
Arkansas,
acre was
per
had been estimated for harvest in
season
than
high yield
vested
in:
Oklahoma.; A
acreage
and
favorable?
more
planting
this
crop
grains, and some
would
18,. in
terminated
was
New York and
yield
moderately below
;
.
although well above av¬
The cold, wet spring in
the principal buckwheat growing
areas
Sept.
usual.
than
of
this
acreage
only
was
on,
1936. Acreage abandoned in North
Planted
ord
and Florida,
the acreage harvested in
Yields per acre were above-
1944.
earlier
the 10-year average of 16.9 bush•
and flea beetles
than expected.
severe
Aroostook .County
aver¬
year
aphis
more
Killing
buck¬
1945
below
growth of plants about ten days
is 16.2 bushels compared
per acre
from
age
high yields
South
the
time it became evident that dam¬
erage.
in
lower, than
also
indicated for harvest last
Yields per acre
in this
State turned out lighter than pre¬
viously ; estimated.
At; harvest
year's,
This
harvested nearly 70% of
the Nation's barley acreage dur¬
ing the 10 years, 1934-43; about
59% of the total in 1944, but only
53% in 1945. Acreage also de¬
> the
acreage
July,
North Central States alone.
region
in
harvested
harvested
acreage
acreage
a
94% of the 1934-43
California
cept
an
Maine, production check-up
els;;.^^;^
clined
1,785,600
in
harvested is 1.9
acres,
with a reduction of 1.8
million acres being made in the
acreage
.
from
year,
from 1,783,900
1944, and from an aver¬
of. 1,897,700 acres during the
the
-6,701,000 bushels
last year's pro¬
duction of 9,166,000 bushels, the
record for the previous 16 years,
was
,
1945
and
In
wheat -crop of
was
far below
but
trade' '
export
crop.
production of flutfcured tobacco, was 1,175 millidr#
pounds, compared with 1,090 mil¬
lion in 1944.
This year's crop is?
slightly larger than the record
1939 crop of 1,171 million poundsBlue mold in plant beds and col<f^
rainy weather in the early seasOrf
held the acreage increase to only
The
;
except
records of the 1944 crop indicated
the; need for revising downward
was
1945
1945
Of
be'
should
Louisiana
A shift in distribution of
lG-year period 1934 to 1943.
..
Buckwheat:
the
the
average
acres
the i Na¬
were
which
filling
from
quantities
tobacco
for
to
acres
little
ideal
for the proper
of grain.
Rye production in the North Cen¬
tral region this year was 19,241;000 bushels, compared withal 7j171,000 bushels last year,- with
acreage
11 % smaller than last
production, the 10,195,000
harvested/ being
in 1944, and 15%
acres
•
was
Sizable
flue-cured
The acreage harvested in each of
the 12 early potato
States, ex¬
in
were
is produced, weather
favorable for maturing
harvesting the crop. : There
ample moisture during July
and
facturers.
available
to development of a good roofr
system and also provided oppor¬
bushels,; compared with
275,229,000 bushels ; in 1944 and
the 10-year average of 257,604,000
bushels. In these States, potatoes
very
below average,
of
tobacco for cig&F-
more
ette makers than for other mantis
the early potato acreage compared
with the 10-year average of 6%.
,
tion's
was
.In 1945 California had 14%
603,000
rye
Signif¬
of oats
expansions
j In the "7 intermediate potato
States, acreages harvested in 1945
relatively
3,035,800 acres.
planted
acreage
,
but not equal to that of
South
Dakota,
where
better
yields more than offset; a lower
acreage. In most of the States of
the North Central region, where
about
ginia, Ohio, Indiana, Illinois and
Iowa continued this year.. How¬
ever, yields per acre harvested in
each of these States were large,
exceeding both the 1944 yields
and 10-year average yields,
only about 12%. ThM
distribution of production among
the tobacco classes will provide"
the
during
growing season. The downward
trend in acreage harvested in the
5 central late States of West Vir¬
10-
from low-yielding States
to high-yielding States is one of
the major, factors contributing to
the record yield,
%
Production in' the, 18 surplus
late States is estimated at 296,-
average,
icant
..
in
the
acreage
braska was about 15% larger than
;jiiy the Southern States.
acreage
of
of
age
Production
rainfall
counted for
of
because
in 1943.
was
State.
excessive
States
air-cured and all cigar classed atf*
2.5%, compared with
1944
and;; the
10-year
of 2.9%. The record high
yield of 150.6 bushels exceeds by
11 bushels the previous record set
of
other
lowlabor
below
average
below average,
Nebraska's harvested acreage of
rye was larger than that of any
Although it
7%
average
3.3%
acreage
for
harvest has been
downward for the last few years.
South
and
Abandonment
the? acreage harvested was only
slightly below-average, but in the
other i principal £rye
producing
and
1944
in 1945 was
In Nebraska
harvested since 1934.
these
in
season
year
year
others
,•
in
However, the
average.
of
of
Fire-cured, dark"
by light air-cured.
grown
.
1,981,000 acres harvested
year is the smallest acreage
this
production
average
is
crop
producers.
Belowaverage yields were produced in
'
of
total
383,134,000 bushels (re¬
upward) and the 10-year
the
were
only slightly lower than
Idaho, California, those harvested in 1944. In each
North; Dakota, Arizona,
of these States, yields were above
Florida,
and Rhode Island.
% V
" the
abnormally low yields per
Potatoes were harvested from acre
of
1944, and were above
2,823,700 acres in 1945—3% less average
in
all
States; except
than the 2,921,800 acres harvested
Missouri and Kansas.
and one-half bush¬
one
of
this
two
higher
yielding and locally adapted vari¬
eties are being used extensively
throughout the country and still
are
the
esti¬
1928, when production was
464,999,000 and 427,249,000 bush¬
els respectively, has the
potato
crop been larger than this year.
Record large crops were produced
13.3
is about
that of last
bushels taboye
above
yield
acre
is
year
and
year.
lina, Georgia and Alabama.
disease-resistant,
in
potatoes
this
375,091,000 bushels, Only in 1943
States—-Minnesota, North Dakota
New
of
States
(1934-43)
V ■;- p. J;/1'
:/
Rye: The production of rye this
year, estimated at 26,354,000 bush¬
els, is about two-thirds of the 10year average production, although
above last year's 25,500,000 bushel
crop.
Except for the 1944 crop,
this
year's
production
is ; the
smallest since the drought year of
1936.
Continuing the downward
trend of recent years, the acreage
of rye seeded for all purposes for
the 1945 crop season was 4,476,000 acres, off 4% from the pre¬
ceding year and the lowest of any
year of record.
The acreage not
harvested for grain in 1945 was
56% of the acreage seeded for all
purposes compared with 52% last
y'v.
Wisconsin, Minnesota, South Da¬
kota, North Carolina, South Caro-
"
tion
vised
;
els
ex¬
Production
of
most
commercial
each
United
and
was
Potatoes
.
mated at 425,131,000 bushels. This
total compares with 1944 produc¬
often resulting from dis¬
together with lack of vari¬
eties that will hold their ground
against other crops, have been
contributing factors in; the de¬
Wisconsin,
Production
.
,
ease
and about
Idaho.
crops
turns,
Minnesota, South Dakota, Virginia, South Carolina,. Georgia;
Kentucky, Tennessee,- Alabama,
v
Pennsylvania harvested 2,016,000
bushels from 109,000 acres.
compete
has
brought a steady decline in bar¬
ley acres since 1942, the peak
year.
Low yields and poor re¬
bushels..;;v:'> /% satisfactorily with' other
of
intention
lime after the
some
United
the
of
Russia
visiting
adjournment
Nations
General
Assembly, to; which she is one
the American delegates.
cf
departure
her
mentioned,stated
Jan.
in
14,
the
a
but
has
as
not
Associated
London
a
she will probably
been
Press
dispatch
UNO
of
The date
of
delegate
remain in Lon¬
don.for at least another six weeks.
''
•
K'.&tffWSWWllWWMWIWWMI
■■•murium m ■>-
702
&
Horwath, New
in their
accountants,
public
York
December
Hotel Bulletin announced that occpancies in October
new highs in most
sections, the country-wide average soar¬
ing to 95%, again an all-time record. It is 5 points higher than in
October, 1944, and 2 points above the previous month. The Pacific
Coast again led with 98%, but six groups had occupancies of 95 to
97%, while the scattered hotels grouped as "All Others" recorded
94% and Texas, which came last, had 92%.
The occupancy of the
group, "All Others," is the highest on record, its next highest being
;
reached
91%.
: ;
The advices add:
"The total sales increased
11%
V::'■•■;
the same month last year,
over
which compares with an 8% gain in
September.
All sections except
Washington, Cleveland and the Pacific Coast had more substantial
increases than in September; the largest were 12% for Philadelphia
and the group "All Others," 11% for Detroit and 10% for New York.
It is noted that Cleveland experienced a setback of 2% from a year
ago because of smaller restaurant sales, these being the only minus
signs in the table.
9% over the same month of last year,
8% gain in September.
The largest improvement
that of 10% shown by the group, "All Others," Chicago follow¬
"Total
was
sales increased
room
compared with
an
ing closely with 9%.
improvement of 12%
over last October ip the countrywide average, this being the largest
gain so far in 1945.
And for the first time since September, 1944,
the advance in total beverage sales, 14%, was more marked than that
in food sales, which was 11%.
This was the trend in all sections of
the country except New York.
Thus, Detroit had a gain of 35% in
beverage sales over last year in contrast with a decline of 4% in
September, and there were substantial increases of 19% for Phila¬
delphia, 17% for the Pacific Coast, 15% for New York and 14% for
Texas and for the group, "All Others."
Cleveland showed no change
in beverage sales, while its food sales fell off 6% from last October."
The following table was contained in the report:
,
"The restaurant sales surged ahead,
.
/.i
<■'
•'■
York
Chicago
...vv./
,
;
U+. 5
+17%
1
+
9
8
+
16
+ 15
+
6
•# +13
+12
i
V—4-
+
...
■■■--•:
;
1
"
Philadelphia
Cleveland
+12
—.
9
'
—
i
2
^
■
Coast—
+
7
+
+
•••
+11
Detroit
7
+
..
M:
others
All
+ 19
v:
•
.
92.%
+
2%
89
+
2
96;:#'''
93
+
5
94
+
3
+
3
+
3
+
•'
*4"
:•*-
8
+
«
+12
10 ;
'I
4
4
+13 :T\ ,97
6
o
•.4Ti
-
.
7
7
+
6
■;
■
96
95
.
# 92
94
89
Mi:
The New York Stock Exchange
announced
Jan. 9, 1946 that
on
31,1945, there were 1,269 stock issues,
aggregating 1,592,111,825 shares listed on the New York Stock Ex¬
change, with a total market value of $73,765,250,751. This compares
with the
figures as of Nov. 30, 1945, of. 1,273 issues, aggregating 1,576,517,836 shares; total market value $72,729,703,313.
\
*
In making the Jan.
d announceinent the Exchange said:
1945, New York Stock Ex¬
change member total net borrowings amounted to $1,073,417,453 of
which $579,201,212 represented loans which were not collateralized by
"As of the close of business Dec. 31,
U.
market value of all listed
stocks,
on
other
for
"7
'
*
classified by leading in¬
listed stocks are
'
,
price
the aggregate market value and average
J
-
each:
+11%
Total
+
W;
'
\
' 1
Group—A AAA'AAAA/^A^Af^
>m
-
9%'
+
6%
+
12%
+
n% ;
date__
6%
+
,
:':':+
7%
+
;
;
95%
Amusement
1,035,023,987
6,197,725,271
1,293,330,630
1,015,846,012
643,237,280
8,639,133,955
2,270,268,640
1,005,647,910
1,447,619,416
4,917,276,352
85,322,481
;'AA 59,202,687
328,767,905
Automobile
Building.—-
—_
Equipment
Chemical
__
Electrical
Equipment
Machinery
Financial..^..—
Food-.—.
Land
.
.
Garment.
;
& Realty
Leather-J——i—
4
36.24
48.93
36.84
975,881,428
49.70
6.059,344,983
30.08
1,249,356,619
43.89
992,787,680
49.06
635,828,417
74.09
8,134,576,686
43.33 A 2,238,789,457
70.57
1,040,740,725
29.48
1,428,196.380
53.63 #4,853,254,602
41,72 J
80,906,697
12.27
57,721,856
38.62
332,752,227
A
Business and Office
Farm
Price
■
;
29.30
42.90
48.50
76.98
42.72
73.04
28.93
52.96
39.56
11.97
39.14
37.05
35.08
40.31
38.47
54,86
44.48
75.39
28.51
19,98
61.13
51,67
1,725,173,634
Petroleum
74.71
25.85
20.30
61.51
53.09
60.14
2,808,622,469
2,237,337,899
977,888,050
.7,958,080,566
6,005,701,509
4,490,459,111
;
830,669,117
174,457,435
/
34,457,474
3,178,842,703
960,564,338
1,755,313,745
3,240,605,766
1,862,925,087
4,830,807,990
196,548,720
1,255,084,981
1,408,633,767
;
i
—
37.44
35.88
20.72
110.54
31.90
36.88
.33.91
3,198,467,020
1,988,368,616
4,830,091,969
178,452,579
1,275,919,762
1,336,723,952
35.92
21.05
110.65
30.12
37.49
32.26
429,167,242
.41.46
2,941,601,493
2,182,808,955
991,596,220
7,936,307,651
6,108,523,057
Machinery & Metals
Mining (excluding iron)—
Paper & Publishing,
Merchandising
34.26
40.62
38.31
54.14
45.13-
4,613,102,054
—..
Rubber...
823,098,553
..
.
Ship Building & Operating
159,368,126
35,001,559
.
Shipping Services
3,211,9*93,692
Steel, Iron & Coke
Textiles—'
?
Tobacco——..
#4
88%
3%
4
3%
4
90%
91%
+ 14%
9%
,
3%
+
3%
■
Electric
+
September
+
8
+
8
August
+
7
+
7
July
+
9
+ 10
'
+
9
+
7
May
»,»'•R'ooniS
arid
+
6
7
+
4 V:""-;; +
restaurant
A
+
ottiy.;"-AA#
i.
"'Hi
4
A A 88
'■&90
K*.-..
:.r:
& Electric
(Operating)
(Holding)
Communications—
4 +
4
—,
..
3
88
Cos. Operating Abroad
Foreign Companies
—^
3
+
■
91
6
,'4:; 5.V
L ;
3
+
82
92
87
+
8
412. -
+
89
%
89
93
.
5
4
:
&
U. S.
90%
95%
>
7 *
r
+
•'
8
+
9 M:
v,
8
;
+
+.7
7
+
__
; .+
+7
+
June
+10
•
:
,
; +14%
+11%
5
+12%
9%
Gas
Miscellaneous Utilities
MONTHLY TOTALS FOR LAST SIX MONTHS
+11% " :
1945—
October,
;■•
-
,
A
Miscellaneous Businesses—*.
.
986,546,620
;
Stocks—,—.^,—1—'
All Listed
■
61.19
;
?;&)*■: ;
ernors of the Federal Reserve System on Jan. 3.
The total amount
outstanding at the end of the month was estimated at 6,228 millions,
the highest level since December, 1942.
The Board added:
' \
$
31
somewhat
A:^;..;
more
higher than
a
1945—
1944—AA
Jan.
48,396,650,^5
Feb.
32.47
*
29
48,494,092,518
31
49,421,855,812
29
48,670,491,772
32.5t;:'i'fi
May
31—
53,067,698,691
35.55
52,488,254,469
35.07
A>:g. 31—
Sept. 30—
53,077,487,308
-
52,929,771,152
A
Oct.
31
53,086,843,093
*
Nov.
30-
53,591.644,063
Dec.
30
55,511,963.741
the corresponding date
above
nearly one-fifth
Nov. 30
on
little change, and
ber, showed
a
gain and at the close of the month
millions larger than a year earlier, ■' *
CONSUMER
■
credit..;
(.Short-term
In
CREDIT
millions
1
dollars.
•
,
credit——.—a—
consumer
credit:
sale
Instalment
Automobile
r
^
•;
tInstalment
loans
accounts
6,228
.
,
+
,
+
+
57
§
"A
•„—1,432
1,828
1,408
—-4.—..—
i
;
,
I 's:';
'/■' ~ > •
9
■
,
A
,
11
'•
T J
19
+231
+164
•
+162
+
+
39
-A
loans
Single-payment
;
Increase or decrease from:. AA
Oct 31, 1945
Nov. 30, 1944
+296 "
+633
A
v
i
' "»
219
——
:
:
estimated)
Figures
———'A-583
;—
Other
Charge
a,
\
*
,<*'
„
Nov. 30, 1945
•Total
164
was
'
'
OUTSTANDING
of
'
' '
•MMm
A:
40.64
40.68
62,636,685,716
'
61,242,460,874
64,315,140,586
•
M
41.55
69,560,968,600
A
44.23
72,729,703,313.
73,765,250,751
31
Oct.
,
v.
46.13
43.17
67,065,130,865
29—_.
Sept.
'
31—__.
35.40
Nov.
30————————
35.75
Dec.
31—
____
46.33
'
'V
tlncludes repair and modernization
IN THE UNITED
[Compiled by the Midland
['•1940
1939
.
V? 1941
■W. £
"
>,i-
Britain
KINGDOM"
quarter
24,887,000
2,203,000
826,000
32,258,000
865,000
10
its
,
4
■
1
.
summary
1st 6
•
FEDERAL RESERVE
mos.
57,145,000
3rd quarter
of "bank debits" which
'
v
,
we
A
1,968,000
963,000
2,768.000
310,000
1,872,000
5,061,000
1st 9
mos.
3,068,000
8,041,000
533,000
;
660,000
1,280,000"
928,000
2,147,000
65,186,000
3,601,000
1,108,000
495,000
2,208,000
117,000
2,807,000
1,100,000
66,294,000
4,096,000
2,325,000
3,907,000
4th quarter
3,731,000
4,304,000
2,278,000
8,035,000
4,257,000
549,000
3,319,000
8,583,000
1,979,000
6,933,000
4,451,000
11,384,000
9,083,000
.
DISTRICTS
'A A
■
Year
7,576,000 20,467,000
Dec.
British
Dec.
1945
United
1944
4,767
Boston
I:.
4,271
*
New
40,373
48,062
York
A
1
12,015
120,060
A;
11,408
103,718
Philadelphia
4,296
4,056
11,317
11,151
Cleveland
5,825
3,451
5,756
3,240
15,189
15,699
Richmond
-
3,204
Kansas
City
—:—*
-
Dallas
San
8,665
8,105
35,561
37,507
7,218
6,820
1,552
5,122
2,873
Minneapolis
3,011
2,430
1,775
Louis
13,826
2,633
Chicago
;
8,878
13,750
Atlana
St.
9,533
2,814
7,977
4,591
7,715
2,742
2,537
8,186
Francisco
'
.
7,296
6,753
7,415
22,628
20,602
91,281
262,580
242,947
45,035
37,678
112,266
96,252
•140
47,774
45,490
126,035
124,207
8,753
8,114
24,279
22,489
193
j
other
other
centers
centers
*Included in the national series covering 141 centers, available beginning in 1919.
ment
73,490,000
74,051,000
44,046,000
6,078,000
56,139,000
36,607,000
2,996,000
39,906,000
17,018,000
221,000
3,429,000
1,295,000
4,425,000
3,068,000
1,028,000
1,280,000
2,716,000
157,000
195,000
828,000
200,000
—
1939, 1st half
—
:
*
—
2nd half
U———
896,ooo
also been the
660,000
for other
recon- -
is designed to assist in
speeding reconversion to a peace-,
time basis. Textile; manufacturing
Bank,
,
facilities and labor
in
available'
are
China.
Today the world as a
desperately short of
manufactured
cotton
textiles,
principally as the result of severe
production losses in the United
Kingdom,
Europe, - Japan,v and
China.
These
areas
supplied alarge proportion of the cloth upon i;
which other large non-cloth pro-;
ducing countries have been de¬
pendent.
"Adequate raw cotton is not
available in China to permit the
resumption of cotton cloth'man¬
ufacture on as large a scale as will, *
nowi be permitted by these addi¬
tional supplies of raw cotton. Re- ; ■
whole
is
.
,
cent estimates indicate that about
2,300,000 spindles in Shanghai and;
1,000,000 spindles in North China:
are
currently available for the;
production of cotton yarn. It is <
reported, that, on Jan. J of this •
year,
not
more
than
1,000,000;
spindles were in actual operation
in
Shanghai because
of the lack ■»
of cotton. Under this credit, suffi- *
cient
to
cotton
raw
be obtained
can
approximately
run
a year.
600,000
The additional
cloth
of
would
500,000,000
to
approxi-:
yards.
This
is
one-seventh;
about
of China's estimated pre-war an-'
nual rate of total
production, both
hand-woven, and machine made.
of
"Restablishment
facture
of
cotton
the „manu- ;
cloth
will tend
Chinese
•
-
to
by
reduce
the
.
the '
present call on the United States
through UNRRA for relief ship- ;
ments of woven cloth to China.-;F
Reemployment of Chinese textile
other
relief
needs.
Increasing; ;
employment
will
the reconstruction of the
sound
economy,
-
on
in
Chinese
Which
Chinese
future
aid
foreign
trade with the United States and*
other nations depends.
"The
'v
operation and terms of the "
provide for moving the £
cotton
exported
through
trade
channels
in
United-1
States,
as
ropean
cotton credits. The user-'of
.
private
the
3,211.000
2,503,000
36,000
588,000
639,000
4,555,000
57,000
240,000
128.000
__L—5,299,000
4,539,000
269,000
"IsTooo
6,934,000
5.271,000
642.000
1,021,000
13,534,000
11,690,000
1,844,000
1945, 1st half
•«
<■
¬
the credit will be open to all qual- "
ified cotton exporting firms in the;
States
2,149,000
■
in the case of the Eu
banks
which
be
may
in¬
terested, wherever located.
2,277,000
—
case
struction credits approved by the •
United States through any United
150,000
v..
4,852,000
.
2nd half
1944, 1st half
2nd half
1,031,000
1,046,000
1,071,000
249,000
3,247,000
3,731,000
,v
,
1942,1st half
2nd half
r
660,000
1941, 1st half
2nd half
arrival;
after the
24 months
£1,122,000
9,305,000
14,916,000
6,368,000
57,145,000
9,149,000
2nd half
1943,1st half
101,563
•New York City
Total, 334 centers
countries
£15,633.000
1938, 1st half
2nd half
countries
Kingdom
58,107,000
2nd half
2nd half
Foreign
£80,661,000
Total
i
•
1937, 1st half
1940,1st half
overseas
£97,416,000
'
v-
v
of, cotton\ abroad, instead of 15 f
months as in the European credit..
It is expected that the Chinese'
requirements will be principally
for short staple cotton."
The Bank further says: "Thisline of credit for China, as has
credit will
■Geographical distribution
—3 Months Ended—
A
1944
1945
Federal Reserve District—
m.
"
Dec.
Dec.
transportation, the newrequire repay- •
Chinese
■;*. rg-
(In millions of dollars)
.
.
Chinese
domestic
of the Federal Reserve System issued
usual monthly
SUMMARY BY
157,000
503,000
r"
1945
1944
1943
'
454,000
■
Jan.
quired for both ocean and internal
workers will still furthbr reduce
Bank, Ltd.]
1942
£
2nd quarter
Bank Debits for Month, of December
-
Export-Im-i
the
port Bank, which states: "Because
of the difference in the time re-.
equivalent
statistics have
NEW CAPITAL ISSUES
-
'
-
1st
on
European
countries,
exception, according to
from
;
.
cotton
to
.
one
advices
supply
short-dated bills sold in anticipation of long-term borrowings; and
loans of municipal and county authorities which are not specifically
.V; £
give below:
last October for
v'-*i
AAA-.;.
been compiled by the Midland
limited.
In all cases the figures are based upon the prices of issue.
Bank Limited.
These compilations of issues of new capital, which
are subject to
revision, exclude all borrowings by the British Gov¬
ernment; shares issued to vendors; allotments arising from the cap¬
italization of reserve funds and undivided profits; sales of already
issued securities which add nothing to the capital resources of the
company whose securities have been offered; issues for conversion
or redemption of securities
previously held in the United Kingdom;
following
loans.
The Board of Governors
credits
pro-J
the line established by
as
Bank
spindles for
.
New Capital Issues In Great
>,'$
'»/'
+177
+28
the
will
credit
of
'39.65
'
•Includes service credit not shown separately.
V
visions
mate
The
remained slightly above year-ago levels.
10%
'
40.68
Other instalment sale
of 1944.
Charge-account indebtedness, which usually increases in Novem¬
,
-
39.84
38.15
some¬
was
outstanding rose 7% during November, ordinarily a month* of
credit
•
30
31
37.20
was
„
increase for the sixth consecutive month and
what
37.84
57,383,487,905
A 36.14
automobile sales continued to
.
"A' 35.84
.
on
31.
May
,>
34.14
50,964,039.424
,
$
61,496,723,658
62,430,603,026
J'
30---.
i June
July
Aug.
32.59
30
outstanding
credit outstanding
31
A Apr.
33.12
,
•
56,585,846,293
'
Mar.
Apr.
Price
59,680,085,110
Feb.
Mar.
31
$:
,
31—_.
Jan.
;
■yp.^Xvi j; ■j'-.'.vl;
31—
earlier.
year
Instalment
amount
Average
$
"i
^
July
further during November
rapid rate than in other recent months.
At
November the
46.13
Market Value
47,607,294,582 AA; 31.96 lA
,
June
Instalment loans outstanding increased
a
.
72,729,703.313.
Average
Market Value;: A, Price
1943—
Dec.
Consumer credit outstanding increased during .November by 296
million dollars or about 5%, it was announced by the Board of Gov¬
end of
40.22
46.33
73,765,250,751
give below a two-year compilation of the total market value
and the average price of stocks listed on the Exchange. ^
^ I
j••
and at
•
;
We
2
A'AA'A'
the
417,120,300
—.
#
!
November Consumer Credit
line
This
cotton.
contain substantially the same
Chinese credit will
A'v •—-Nov. 30, 1945
Market Value Av. Price
1945
Dec. 31,
Market Value Av.
*
Aviation
Gas
to
Year
•
v
provide for the shipment off ;..a
from 275,000 to 300,000 bales of
to
'
Utilities:
■
The credit it is stated is sufficient
the
'
>
Bank. ,:'-,
the
of
President
Taylor,
borrowings on listed shares
precise relationship between
dustrial groups with
of a line of credit of
with
their total market value."
In the following table
include
Export-Import Bank
$33,000,000 to.
assist in financing the export of
raw
cotton
to
China was an-.
nounced on Jan. 17 by Wayne C.,
rectors of the
these ratios will ordinarily
types of member borrowings,
exceed the
and
that date, was, therefore, 0.79%.
U. S. Government issues
As the loans not collateralized by
all
borrowings to the
The ratio of the latter
S. Government issues.
Retail
2
87
+ 14
+ 14
:
;
New York
on
of the close of business Dec.
as
Railroad
0
94
i
98
>•<
+ 17
1
+
+ 13
-
■
95
96
+ 35
—
+18
+
6
+
v
5 •,;;-
•
Texas
Deer.
'
+
____
" or
95
+ 10
,
Room
Rate
Increase
96%
; +15%
+19%
.
+
7
+
-_____—
6%
-+
+10%
City—
Washington
Pacific
an
OCTOBER, 1945, COMPARED WITH OCTOBER, 1944 ■ >' A;.,
Sales, Increase or Decrease
Occupancy
Total
.'A-A/###AsAAvAAA^
Oct.
Oct.
Total
Rooms Restaurant
Food
Beverage
1945 ; 1944
•A"-
New
:>•■>la.-
,;v. ■.
;:'W0A
with
Export-Import Credit
-J
China Approved |
Slock Exchange Higher in December toApproval by the Board of Di~,|
Market Value of Stocks
Hotel Sales in October
Horwath
;
Monday, February 4, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
Loans under this
will
be
proved
Chinese
guaranteed
Chinese
line
of credit,
both
Government."
"
by
ap¬
and
banks
the
.
'
•.
,
Volume
Number 4461
163
THE COMMERCIAL & FINANCIAL CHRONICLE
State and
m
City Department
BOND PROPOSALS AND NEGOTIATIONS
\
■'
■.
'■
j
•
■
.
t
Sch. Dist.,
\
Bond Call—The District called
r
interest
and accrued
Jan. 1,.3%% refunding
on
,
1966,
being bonds Nos.
21RB;
22RB, 24RB, and 26RB, amounting
to
$5,000.
The holders of said
bonds are instructed to present
(
cial National Bank of Little
«
\
Rock*
1, 1946^
Ark.,
l and
onr and after Jan.
further advised that
the
are
bonds will
to
cease
interest
bear
and after date called, provided
are on deposit with the pay-
on
funds
•
•
ing agent
!
v
said date,
on
;
•
.
El Dorado, Ark.
Purchase Water
Would
bonds
will
and after
on
called, provided funds are
deposit with the paying agent
on
said date.
on
; '
■;./
..:■
j
v.v.
Sparkman Special Sch. Dist., Ark.
Bonds
bonds issued under date of Nov. 1;
] them for payment to the Commer:
;
that the
to bear interest
par
J 1940, with maturity date Jan. 1;
.
advised
cease
date
■
'.for payment at
5
ther
^
ARKANSAS
,i
u;'i Arkadelphia Special
'■
Arkansas
*
.
»
System
Called—The
called for
District
and ac-j
Jan. 1, the ZVz %
payment at
crued interest
on
par
refunding bonds issued under date
of Sept. 1, 1940.
These bonds ma¬
ture on Jan. 1, 1954, being bonds
Nos. 39RB to 40RB, amounting to
$2,000. The holders of said bonds
instructed to present them for
payment to the Commercial Na-1
tional Bank of Little Rock, on and
are
Pacific Co. of
San Bernardino County
California,
rd '
Los
Angeles,
Walter, Woody &
Sch. Dists.
(P. O. San Bernardino), Cal.
Bonds
»v'
Heimerdinger, and
■.
-
.
Robert Hawkins &
Co.,
\
i-'•! >
jointly,
V<r '
For $660,000, 3s, $490,000, >
2V2S, $820,000 l%s, and; •
$4,230,000, 2s _.-____.^_.100.00
(Net interest cost 2.0276%.)
John
Nuveen
E. H. Rollins &
—The
City Council has voted to
-negotiate for the purchase of the
:
•
•
El
Dorado Water Works Inc., at
price not exceeding $509,457,
the
engineers' appraisal of the
system.
a
•
•
i
Could
Spedal: Sch.' Dist., Ark.
■
Bonds. Called — The District
called for payment at par and ac¬
crued " interest on Jan. 1, bonds of
H its issue dated Dec. !, 1941, These
bonds mature on Jan. 1, 1960, and
: are
numbered
18RB, 19RB, 20RB,
21RB, 22RB, 23RB,
amounting to $3,700.
^aid bonds
are
24RB,
and
being called; for
,
ing to the. terms of the deed of
trust securing them, and the hold¬
thereof
ers
advised that said
are
'
bonds shall draw
interest after
no
.
|
paying
the
election held
bonds
bonds
must
with the Jan. 1, 1946, and
,
quent
fi; SimmonsNational
ed for payment at par
»interest
and accrued
Jan, 1, $12,000 of; its
on
bonds issued under
Dec. 1, 1940, and being
outstanding
of
:
bonds
36RB
Nos.
are.
der the
.
the
The
tion held
on
$600,000
Hay ward
Jan. 15:
,
Union
High
&
School District bonds.
100,000
'
$6,200,000 elec¬
revenue, ninth issue bonds
offered for sale 011 Jan. 29—v. 163,
235—were awarded to
cate
a syndi¬
Blyth & Co.,
Co., both of San Francis¬
composed
Kaiser &
Said
47RB.
to
called for payment un-
•
.
•
at that time.
•
The bonds must be
Denver, Stone & YOungberg, of
Francisco, Peters, Writer &
Christensen, of Denver, and the
to the Commercial National Bank
;
San
Pasadena Corp., of Pasadena, at a
price of par, a net interest cost
of 1.9667 %, as follows:
Little
of
called,
•
Rock,, on
after date
or
-
-
'
,
*
•
Mellwood Sch. Dist. No. 31, Ark.
Bonds Called—The
District
called for payment at par and ac■crued
interest
Jan.
1, 5-5 V2%
refunding bonds issued under date
of Jan. 1, 1938.
These bonds ma-
•
on
% ture on Jan. 1, 1955, being bonds
? Nos.
21RB to 24RB, amounting to
j $2,000. The holders of said bonds
,
.
instructed to present them for
are
to the Commercial
payment
tional Bank of Little
after Jan.
Rock,
1, 1946, and
are
Na¬
and
further
on
advised that the above numbered
•
bonds
i on
v
will
cease
to bear
interest
and after date called, provided
are on deposit with the pay-
funds
:ing agent
^
on
said date,:Jiv.i;; ';Vj
Moro Sch.
Bonds
called
payment
District
Jan.
1, at
ipar and accrued interest, the 3%
refunding bonds issued under date
.of Oct. 1, 1941.
These bonds ma¬
on
•
Jan. 1,
ture
on
Nos.
10RB and
to
$2,000.
-bonds
are
1965, being bonds
amounting
11 RB,
The
holders
instructed
to
of
said
present
them for payment to the Commer¬
cial National Bank of Little
Rock,
"on
and
after Jan.
1, and
are
For
fur¬
$660,000 maturing Jan. 1,
$50,000 in
1948
and
1949,
$100,000 in 1950 and
1951, $110,000 in
1952, $120,000 in 1953; v $130,000
in 1954, as 3s,
$1,310,000 maturing
Jan. 1, $140,000 in
1955, $150,000
in 1956, $200,000 in 1957 to
1959,
$210,000 in 1960 and 1961, as 2V4s,
$2,580,000 maturing Jan. 1, $210,000 in 1962, $220,000 in 1963 to
1966, $270,000 in 1967, $300,000 in
1968 to 1970, $320,000 in
1971, as
2s, and $1,650,000 maturing Jan. 1
$320,000 in 1972 and 1973, $330,-
District bonds. Due Feb. 1,5 as
follows: $20,000 in 1948, $30,-
Dated
March
1,
1946.
Denom.
$1,000. Interest J-J. Other bidders
as
follows:
Bidder
'
.
;v
Price Bid
Smith, Barney & Co.,
First Boston Corp.,
Shields & Co.,
' \'/7'
Goldman, Sachs & Co.,
:
R. W. Pressprich &
Co.,%:
Equitable Securities Corp.,
bonds.
Hornblower
&
Weeks,
G. H. Walker & Co.,
Hayden, Miller & Co.,
C. F. Childs & Co.,
Charles Clark & Co.,
:
School
District
Due Feb. l,as follows:
$5,000 in 1948, $10,000 in 1949
to 1962, and $5,000 in 1963.
'
v.
Dated Feb. 1, 1946.
Denomina¬
tion
$1,000. Rate of interest to be
in multiples of y4 of 1 %
Prin¬
cipal and interest payable at the
County Treasury. The bonds will
sold for cash only and at not
less than par and accrued interest.
be
Each bid must state that the' bid¬
der offers par and accrued interest
to the date of delivery, and state
separately
and
for
the
the
the
rate
premium,
of
bonds
bid
bonds
of
for.
each
single rate of
if
interest
shall be for the entire
said
amount of said
ing rates
any,
offered
Each
bid
amount of
bonds,
Enclose
or
at
and
the
for
will
Chairman
$340,000 iy4s, at a price of 100.018,
a net interest cost of 1.2169%, and
Laidlaw & Co., First of Michigan
Corp., R. S. Dickson & Co., and
Tripp & Co., jointly, for $575,000
iy4s, at a price of 100.059, a net
interest cost of 1.24%.
County, San Mateo Ele¬
Sch. Dist.(P.:: O.v
Redwood City), Cal.
San Mateo
♦
notes
offered
for
sale
30—v.
163, p. 512—were
awarded to the Waterbury Nation¬
al Bank, at 0.39%.
Legality ap¬
proved by Storey, Thorndike, Pal¬
mer
& Dodge, of Boston. Dated
Feb. 4, 1946. These notes are due
on
June 4, 1946.
Other bidders
for,
pay¬
of
vi J
'
Election—An-,
library
to
issue
bonds
the
of
will
voters
on
.
bonds, not exceeding 5% interest.
1946. Denomination
Due $30,000 Feb. 1, 1947
$1,000.
The
1971.
to
County,
bonds
will
Defeated—An
issue
improvement bonds amounting to
$250,000 was defeated at the elec¬
tion held on Dec. 18, 1945.
is reported
Co.,
by A. B. Morrison
of Miami, in the Jan. 20
issue of their monthly report. The
firm describes the market as defi¬
nitely
sellers'
a
with dealer
one,
inventories very low and few is¬
sues of any size to be offered in
the
ture
designed to compress Dade
County's; ten special tax school
into
districts
in
Late
a
single unit: 7
1945, the
December,
Court
of
Supreme
than
interest to the
Each bid must
state
that
the
offers
bidder
par
Florida
clared unconstitutional the
de¬
act to
County's
ten
special tax school districts into
special tax school district to
and accrued interest to the date of
one
delivery, and state separately the
premium, if any, offered for the
bonds bid for, and the rate of in¬
be known
terest said bonds shall bear.
Prin¬
cipal and interest payable at the
County Treasurer's office.
En¬
close a certified check for 2% of
the bonds bid
for, payable to the
COLORADO
Bond
Issuance
O.
Authorized
—
The Board of Regents has author¬
ized the issuance of rental bonds
amounting to $2,000,000 to finance
an
emergency
housing program
-
to care for veterans.
These bonds
placed on the market as
legal proceedings
are
completed.
/
soon
as.
.
t
as
School District No. 1.
,
,
district
dated
were
Milford, Conn.
;
;
$162,00 build¬
Sale —The
ing of 1946 coupon bonds offered
on Jan. 30—v. 163, p. 512
—were awarded to Halsey, Stuart
as
a
Dated Feb.
3/4s,
basis
consoli¬
be
co-ex¬
tensive with those of the county,
all property and assets
arate districts as they
of the sep¬
now exist
to be turned
to the new
were
over
district, and payment of the exist¬
ing indebtedness of the special
school districts was to be made
proceeds of a tax levied
property within the
County.
The consolidation was
approved by a large majority at
an election held on Oct. 2, 1945.
The main idea of the consolida¬
on
all taxable
tion
ed
was
for
fund
to put all money collect¬
into one comjnon
schools
so
that the smaller and less
would be enV
populous districts
abled to acquire adequate school
facilities, the cost of which would
be
prohibitive
such
Co.,
100.306,
the
to
particular
the
if
districts themselves had to finance
CONNECTICUT
&
of
The' boundaries
by the
(P.
University of Colorado
Boulder), Colo.
for sale
of
it
&
sold
be
„
O.
on
is
consolidate ' Dade
be
Grove
Florida
municipal
decidedly stronger than
it has been, both from the price
standpoint and demand, particu¬
larly with respect to yield bonds,
bonds
accrued
date of delivery.
and
par
Feb. 5.
Garden
market
for cash only and at not less
the
at
Florida (State of)
Municipal Market Strong—The
Feb. 26.
Dated Feb. 1,
re¬
Board
Union High Sch. Dist. (P.
Santa Ana), Cal.
Bonds
Jan.
on
near
future.
Dollar bonds,
generally speaking, remain sub¬
Stanislaui County Modesto High: stantially unchanged from previ¬
ous levels.
The bond house makes
Sch. Dist. (P. O. Modesto), Cal.
the following comment with re¬
p Bond Offering —C. C. Eastin,
County' Clerk, will receive sealed spect to the decision of the Florida
bids until 2 p.m. on Feb. 11 for Supreme Court which held uncon¬
stitutional an act of the Legisla¬
the purchase of $750,000 school
on
Bond
■
to
amounting
bondsJ
$1,150,000 will be submitted to the
voters at the election to be held
will be
Orange
Note Sale—The $600,000 tax an¬
ticipation
f
Bond Election—An issue of con¬
struction
vary¬
be.
Orange, Cal.
Bond
100.12
_
any
Supervisors.
election to be held
; f
Cal.
Sale—The
a
certified check
a
of the bonds bid
to
be
Chairman Board of Supervisors;
issue,
interest,
of interest
submitted
,
probably
Spring.
Co., for 3/4s
Waterhury, Conn.
municipal im¬
provement of 1945 bonds amount¬ were as follows:
ing to $575,000 and offered for
Bidder
Rate
sale on Jan. 30—v. 163, p. 361—
First National Bank,
were awarded to a syndicate com¬
Boston
0.45%
posed of the American Trust Co.,
Central Hanover Bank &
of San Francisco, Harris Trust &
Trust Co., New York and
.
Savings Bank, of Chicago, Weeden
Citizens & Manufacturers
& Co., and Hannaford & Talbot,
f, National Bank, Waterbury,
both of San Francisco, at a price
jointly
0.46%
of 100.122, a net interest cost of
1.187%, as follows: For $90,000
# FLORIDA
maturing $5,000 June and $10,000
Dec. 15,
1946, $15,000 June 15, Dade County (P. O. Miami), Fla•
Bond Election
1947, $20,000 June 15, 1948 to 1950,
The following
as 4s, and $335,000 maturing June
bonds amounting to $4,050,000 will
15, $20,000 in 1951 to 1953, $25,000 be submited to the voters at the
in 1954 to 1964, as Is, and $150,000
primary election to be held on
maturing $25,000 June 15, 1965 to May 7:
■
1970, as lV4s. Interest J-D. Dated $100,000 warehouse bonds
Dec. 15, 1945. Denomination $1,-1,250,000 auditorium bonds >
000.
•
1
2,000,000 aquarium bonds
The next highest bidders were
400,000 children's home bonds
100,000 old folk'^ home bonds
Halsey, Stuart & Co., C. F. Childs
& Co., Lawson, Levy & Williams,
100,000 tuberculosis isolation
and Thomas Kemp & Co., jointly, v
ward bonds
for $110,000 2V4s, $215,000 Is, and
100,000 park bonds
bid for less than the entire amount
jected.
Elementary
will
bonds
.
$110,000
.
Due
$15,000 in 1957 to 1963.;
150,000 Downey
j
f
City
1, as follows:
$5,000 in
1948, $10,000 in 1949 to 1956,
able
1975, and $350,000
l%s.•
Beach
bonds.
District
Feb.
for 3%
as
Redondo
School
and
R. L. Day &
School
mentary
in 1952 to 1966.
190,000
in
1976,
1959, and $25,-
450,000 Norwalk School District
bonds.
Due Feb. 1, as fol¬
lows: $15,000 in 1948, $20,000
r
in 1949 to 1951, and $25,000
000 in 1974 and
were
Dist.«B," Ark.
Called—The
for
'
interest:
000 in 1949 to
:
Redlands
marketed in the
000 in 1960.to 1964.
Allyn
of
a.m.
$475,000 Pomona City High School
of
presented, with the Jan. 1, 1946,
and subsequent coupons attached,
10
exceeding 5%
•
250,000
Price Bid
.
.
on Feb. 5, for
of the
following
bonds amounting to $1,265,000, not
'
Bidder
Day, Stoddard & Williams, •
For %s
100.039
—
purchase
co,
and
bonds
Co.,
Bond Offering—J. F. Moroney,
County Clerk, will receive sealed
of
according to the Paine, Webber, Jackson & Curtis,
terms of the deed of trust securing of
Chicago, Stone & Webster
them, and the holders thereof are Securities Corp., of New York,
advised that said bonds shall draw Barcus, -Kindred &>
Co., of Chi¬
no interest after Jan. 1, 1946, procago, Estabrook & Co., of New
vided funds for their payment are York,
Bosworth, Chanute, Loughon deposit with the paying agent
ridge & Co., Boettcher & Co., both
•
-
Co.,
bids until
Centro), Cal.
tric
p.
<
Sch. Dists*
(P. O. toe Angeles), Cal.
Imperial Irrigation Dist. (P. O. :
El
'
Los Angeles County
■
on
Other
follows:
-
$410,000, 4s, $2,210,000,
2Y4S, and $3,580,000, 2s,.__101.76
(Net interest cost 2.074%.)
the
held
High
San Leandro,
For
following
$1,000,000
election
Redlands
District bonds.
Bond
jointly
this
amounting
to
favor ably voted at the elec¬
were
:
:
Moore, Leonard & Lynch,
Martin, Burns & Corbett,
Kalman & Co.,
J. M. Dain & Co.,
V
Thomas Kemp & Co., and
Fox, Reusch & Co., and
F. Brittain Kennedy & Co.,
Stranahan, Harris. & Co., Inc.,
Toledo, Blair & Co.* Inc., A. C.
& Co., of Chicago, Dean
provisions in the face of Witter & Co., of San Francisco,
bonds
bonds
■,
Voted—The
Bond Sale—The
Bonds Called—The District call-
date
are
Bonds
Bank of Pine
Hope Sch. Dist. No. 1»A, Ark.
■
These
15.
Alameda Couniy Sch. Dists (A! O.
Oakland), Cal.
Bluff.
•
Jan.
Spring.
subseto the
attached,
coupons
on
due in 25 years.
to be marketed
are
Castro Valley Elemen¬
ts?- tary School District bonds, f:
at that time.
300,000 San Lorenzo Elementary
bo ; presented
School District bonds,
f i
agent
bonds
The
.
Thomas &
$335,000, not exceeding ,5% in^terest, was favorably, voted at the
provided funds for
'their payment are on deposit with
Vdate called,
Hay ward Ele¬
(P. O.
Oakland), Cal.
Dist.
Bonds Voted—An issue of con¬
struction
bonds
amounting
to
payment under the provisions in
the face of the bonds and accord-
Cruttenden &
County,
mentary Sch.
the
$750,000
These
:
Braun, Bosworth & Co., Inc.,
R. S. Dickson
of
1, 1947 to. 1949.
were as
17:
-
Co.,
after Jan. 1, and are further ad¬ Illinois Co^,
Chicago,
vised that the bonds will cease to First of Michigan
Corp.,
bear interest on and after date Allison-Williams
Co.,
called, provided funds are on de¬ McDonald & Co.,
posit with the paying agent on Ryan; Sutherland &
Co.,.
said date.
m
Mullaney, Ross & Co.,
Newburger, Loeb & Co.,
CALIFORNIA
First Cleveland Corp.,
Alameda
Jan.
^
■
,/,
(
•
'
result
a
Feb.
biders
fol¬
Schools District bonds.
Sons, ' o
Otis & Co.,
*
Weeden & Co.,
Issued—The
Be
lowing construction bonds amount¬
ing to $1,000,000 will be issued as
&
Co.,
B. J. Van Ingen & Co.,
To
000
at a price of
of about 0.60%.
1, 1946. Denomination
$1,000. These bonds are due $54,-
facilities
other
words,
more
individually.
populous
districts
contribute toward
the smaller
also
was
a
ones.
In
wealthier and
the
the
were
to
support of
The amendment
step toward simplifica¬
tion of government by
ten small units into
one
combining
large
one.
Whether this last would be
vantageous
claimed is
as
bonds.
Jan. 1,
as
able question.
The Supreme
the act
on
the Constitution of the State.
bonds
and
district
assets
of
raised
therein by
taxation could
therefrom the amount of
bonds.
'
bonds
400,000 parking areas
Chicago,
premium
submit one bid for
only.
;
;
certificates are to be is¬
(
These
400,000 water storage reservoir
districts; and that levying a l/-/ and water main bonds
"771. sued to finance the cost of repay¬
tax
on
all
property in
Dade
The above bonds were favorably ment to the City of an obligation
County for the retirement and voted at the election held on April
owed by the Authority to said
payment of interest of bonds of
24, 1945, but were invalidated by City in the amount of $150,000,
special tax school districts now the State Supreme Court.
which said amount was advanced
outstanding is contrary to the
to the Authority by the City for
Putnam
other
Constitution. >:
'
■
/•
and
County Special Road
•
(P. O.
•Apparently the invalidation of
the act on the grounds so clearly 7/77'4 ' Palatka), Fla."
stated by the Supreme Court was
Bond
Sale—The" $75,000
SB A
no great surprise to attorneys who
coupon refunding bonds of 1946
Bridge Dist. No.
2
■
subject. • Objec¬
.on i the . same
the
studied
had
tion
made
was
3124
Jan. 22—v. 162, p.
offered
grounds when the bill was pend¬
ing in the Legislature.Had the
act contained a "saving clause"
on
—wefe
awarded to the First Na¬
Kissimmee,
of
Bank
tional
as
1.55s, at a price of par. The bonds
are dated March 1, 1946 and ma¬
ture on March
1, 1966.
Second
ferry
boats*for
/./.
>
/"v
7 Bond
' '
•
■
over
the
Chicago, III.
'7'
was
made
on
nance
route
the
to
Line Ferry
;
.
,
.
will
considered.
be
shall not be
v
and
•
on
April 1, 1955,
on
thereafter, and if called for re¬
demption additional interest will
be paid by the City in an amount
/equal
to
3%.;of the principal
of
each
bond
two
,
•
on
the
principal amount of each
.bond if called for redemption
thereafter on or prior to April 1,
„Price Bid
■
Clyde C. Pierce Corp.,
jointly1, '
100.332
Trust Co. of Georgia,
/ Atlanta, and
'
For 1.70s
1956, and in amounts thereafter
decreasing therefrom by one-quar¬
John Nuveeq & Co.,
For l%s
City, but shall be and con-'
indebtedness and obli¬
an
and
such
that
able
for
1966
and
Principal
and
without
interest
Bankers
1,
the
interest.
are
Trust
sold
pay¬
Co.,
Registerable as to
only.
The bonds will
the responsible
to
offering
to
pay
par
and
bidder
accrued
interest to April 1,
1946, and the
premium. ■ Each bidder
must agree to accept delivery of
highest
the bonds
2/1946.
tional
by
in
or
before said April
All bids must be
and
must
certified
a
a
on
sum
Act entitled "An Act concern¬
an
equivalent to 2% of the
principal amount of the bonds to
be sold, payable to the order of
the City.
The approving legal
^opinion of Chapman & Cutler, of
'.'Chicago,
will. be furnished the
purchaser without cost. Bids must
be
for
City
ail
the
entire
the
reserves
bids
bonds
as
or
to
may
right
deliver
but
the
to reject
only
such
be legally delivera¬
ble at the time of
Lake
issue
delivery.
Placid, Fla.
Tenders Wanted—Vera
Adams
Pohl &
.
100.262
100.302
;
—
St* Petersburg Port Authority, Fla.
Certificate
Welch/
sealed
Offering
Secretary,
bids
until
John
—
will
11
P.
receive
a.m.
Feb.
on
13 for the
purchase of ferry rev¬
enue
coupon certificates amount¬
ing to $300,000, not exceeding 3%
interest.
Dated
Dec.
1, 1945. De¬
nomination
$1,000. Due Dec/ 1,
$40,000 in 1946 to 1949'
$140,000 in 1950. Redeemable
follows:
and
in whole
of the
in part, at the option
or
issuer, at 102% of
of
payment
upon
and
par
accrued
inter¬
163,
p.
Parks in Cities of First
are
maturity
est
be
to
shall
be
order.
in
one-tenth of 1%
for
same
isterable
Bids
all
as
Bidder
t
as
77
%
in
or
and must be the
principal
Reg¬
only.
Corp.,
Julien Collins & Co.,
be
of
their
rate of interest in
or
offering to
par
considered.
pur¬
value will not
The
"
certificates
For
$1,050,000, Is
;7
jointly,
-100.825
/.■v';
Bond
\\ *-7*7//
County (P. O.
..:<//;•
Indiana
Rochester),
Sale Details—The
•■
March
proved
14,
1919,
ail
and
thereof and sup¬
Acts amendatory
plemental thereto. Enclose a cer¬
tified check for $3,300, payable to
the City.
originally
These are the bonds
scheduled for sale on Feb. 5.
Lake
County {P. O. Cro Wn Point),
Indiana
following bonds/
Bond Sale—The
•
amounting to $85,000 and offered
for sale on Jan. 28—v. 163. p. 236
awarded to John Nuveen
—were
6
Co., of Chicago:
$55,000 tuberculosis sanitorium
improvement bonds, as 0.80s,
at
price of 100.105,
a
of about 0.779%.
\
basis
a
Due July 1,
1951.
p
30,000 judgment funding bonds, as
%s, at a price of 100.02, a
basis
0.745%./ Due
about
of
""
$15,000 Jan. and July 1, 1950.
Dated Feb. 1,
1945. Denomination
$1,000. Interest J-J.
Rusk
Indep* Sch. Dist., Ind.
*
7 Bonds Voted—Ari issue of con¬
bonds
struction
tional Bank,
'
7 Bonds
>
amounting
to
$65,000
of Rochester—v. 162,
3125—were sold as 1V2S, at a
price of 101.153.
Dated Nov. 15,
1945. Denomination $1,000. These
bonds are due on Nov. 15, as fol¬
Atlantic, la.
issue of mu¬
Voted—An
nicipal airport bonds amounting
to $75,000 was favorably voted at
the election held on Jan. 22.
Glenwood, la.
'
Bond Sale Postponed—Paul H,
Cheyney/ City
has
Clerk,
an¬
nounced that the sale of the $249,000 electric light
and power plant
Feb, 5, has.
scheduled for
bonds
been
postponed.
r
t
County,/(Pit O.: Jeffetson)T
Green
la.
Bonds Voted—An issue of coun¬
hospital
ty
$100,000
bonds amounting to
favorably voted at
was
c /
15.'
the election held on Jan.
County (P. O. Maquoke7/7
ta), la. 77/. ;// 77 77'1
Jackson
•/
/■':■:
hospital bonds awarded last month
to the Farmers & Merchants Na¬
.v.7■•'
.
Bond
of
issue
Election—An
county hospital construction bonds
amounting to $100,000 will be sub¬
mitted to the voters at the elec¬
tion to be held on Feb. 19.
p.
in 1947 and 1948,
1949, $3,000 in 1950 to
1952, $4,000 in 1953 to 1964, and
$2,000 in 1965 and 1966.
Net in¬
come basis of about
1.393%.
lows:
$1,000
$2,000 in
Manchester,
Bond
Ind.
Hick¬
City Controller, will receive
bids until 11 a.m. on Feb.
11
for the purchase of $132,000
real
estate purchase bonds, not
exceeding
2%
interest.
Dated
March
1/
1946.
Denomination
man,
sealed
i
$1,000.
Due $6,000 Jan. 1,
1948 to
Election
—
Iowa
issufe/of
An
swimming pool construction bonds
amounting to $25,000 will be sub¬
mitted to the voters at the election
to be held on
Feb. 26.
^7/
•
.
Montour, la.
Bond
Indianapolis Park Dist.,
Offering—Roy E.
Bond
/
98%
a
<
Fulton
Co., jointly,
For $475,000 1V2S, and
$575,000 %s
100.07
Mellon Securities
'.'.-/"ik.vt
;77
Arthur Tresch &
re¬
chase the certificates at less than
of 3%
'•
Price Bid
the
excess
,'•'7-;. 7/7-INDIANA.
follows:
of
the bonds.
to
1, 1946. Denomination $1,000. Le¬
gality approved by Chapman &
Cutler, of Chicago. //77//C;/'//
1, 1945. Denom. $1,000.
were
Illinois 77 ••v77^7v7/
Details—The 2Vz %
ing to $23,000 approved at an elec¬
tion held recently are dated Feb.
$70,000 in 1962 and 1963, as Is.
Dated Oct.
Issue
improvement bonds amount¬
road
100.0758, a net interest
cost of 0.887%, as follows:'
For
$655,000 maturing Oct. 1, $45,000
in 1946 and 1947, $50,000 in 1948
and 1949/$55,000 in 1950 to 1952,
$60,000 in 1953 to 1957, as %s, and
$395,000 maturing Oct. 1, $60,000
in 1958, $65,000 in 1959 to 1961,
Pittsburgh,
7
Union Securities Corp.,
New York, and
•7777'''"
purchase of $13,000 series A,
and
$6,000 series
B, refunding
naming
of
Bond
price of
inter¬
redeemed
multiples
4/ ■47774
Mercantile-Commerce Bank
Co., of St. Louis, and A.
Becker & Co., of Chicago, at a
of
called for
Rate
III.
and
Trust
arid
Township (P. O. Olney),
Preston
Paine, Webber, Jackson &
•
Curtis,
Hornblower & Weeks,
Lee Higginson Corp.,
77/, /
First of Michigan Corp. and
V
demption, the certificates of that
numerical
i'\
& Co.,
G.
Class, de¬
fining its powers and duties, creat¬
ing a tax district for Park pur¬
poses in each City of. the First:
Class, repealing conflicting laws
and declaring an emergency," ap¬
road
improvement bonds amounting to
$12,000 was favorably voted at the
election held on Jan. 3.
7 .-7
361-were awarded to a syn¬
of Halsey, Stuart
the event less than all certificates
maturity,
lit.
Bonds Voted—An issue of
dicate composed
&
Township (P.O.Patoka),
Foster
jail bonds amounting to $1,050,000
and offered for sale on Jan. 28-v.
Other bidders
on
of any
& v vj:w
»>v..''
H\
County (P. O. Quincy)i
any interest payment date
in inverse order of maturities. In
est,
,
Bond Sale—The court house
Co.,
For 2.10s
v
Bowers,
Clerk, will receive sealed
tenders until 5 pm on Feb. 25 for
Town
.
—100.013
——
7 For 2s
as
accompanied
cashier's check
1.80 s
..
issue
An
Public
of
Department
the
ing
1)2 to 18 months,. and7con-
iy2s, $250,000 corporate fund D/gs,
$200,000 improvement fund
iy4S. '
/■: /
ILLINOIS
Leedy, Wheeler & Co.,
uncon-
be
or
For
call¬
Oct.
York.
principal
be
be
on
additional
the
at
New
will
thereafter
of
payment
able
bonds
redemption
—100.041
_
•<:
period,
—
shall
interest thereon
payable only out of a special
all property
in said Park District, as provided
by law.
Said bonds are being is¬
sued pursuant to the provisions of
$100,000 was favorably voted at
/" ^
Jri the election' held, on Jan. 3.
and
to
amounting
Robinson-Humphrey Co.,
so
Election
bonds
anticipation
1946,7maturing?
of
The
corporate obligation
a
sistirig of $500,000 corporate fund
$600,0007 y?ill; be
submitted to the voters at the
-,—100.08
election to be held on Feb. 5,
< ;
ter of 1% in each 12-month
7.
from
of
electric distribution system bonds
Ingen & Co.,
"
jn 2Q years, callable
■ .7,.. 7 7-
Valdosta, Ga.
Bond
$950,000 tax
warrants
GEORGIA
1 1
For 1.70s
jointly,
issue of
The certifi¬
amounting to $85,000.
in 5:years.
Jacksonville/and:; %
B. J. Van
water revenue certificates
2-% %
cates are due
Florida National Bahk,
redeemed
April 1, 1955,
and three-quarters per. cent
prior to maturity
of
Bidder
interest payment date
any
amount
7 Other bidders were as follows:;
be
be
.
numerical order
to
premium bid, if any. No bid
less than par value, plus ac¬
prior to delivery, at
for
*
;
City,
tax to be levied upon
upon which Bee
Incorporated formerly Comptroller be given authority to
declared unconconducted a ferry facility known sell $4,500,000 bonds of the $26,/* stitutional it would not affect the high bid of 100.633 for 1.60s was
000,000 voted on June 4, 1945. The
as Bee Line Ferry, and to finance
other portions of the act, the con¬ made
by Herbert J. Sims & Co.,
all
necessary ^repairs
axid /im¬ bonds to be sold are $2,000,000 for
solidation in everything but the; of New
York, and the Commerce
additions
to playgrounds, $2,000,000 for police
county-wide tax feature would Union Bank, of Memphis, jointly. provements / and
and fire stations and $500,000 for a
probably now have been effective.' In connection "with; the award. channels, turning-basins, termin¬
city garage and repair shop.
Fortunately the invalidation of State Treasurer Edwin J. Larson, al facilities and docks, and the
Cook County (P. O, Chicago), III.
the act doesn't as a practical mat¬ as Treasurer of the State Board supplying of adequate initial op¬
ter-hurt the present operation of of Administration, informs us that erating capital to the Authority
Warrants Sold—Stifel, Nicolaus
in such ferry undertaking. 7 The
the schools and between now and
6 Co., Inc./ and A. C. Allyn &
eight bids were submitted for the
principal and interest of said rev¬
the' 1947 session of the Florida
bonds, and submitted the follow¬
Co.j Inc., both of Chicago, jointly,
Legislature there is ample time to ing with respect to the Security enues shall be secured by, and be recently purchased $12,700,000 tax
payable solely from the net op¬
explore all phases of the subject of the issue:
anticipation warrants of 1946, in¬
erating
revenues
derived from cluding $3,700,000 lVss, and $9,and work out the best compromise
The bonds, which were issued
said ferry facilities, as provided
possible.
v
.
7 v
/
000.000 iy4s.
to supplement gasoline tax funds
in
the
authorizing
resolution.
to pay bonds of this district,, ma¬
Homestead, Fla.
Cook County Forest Preserve Dist.
These certificates have been vali¬
Bond Offering—R. E. Edwards, turing March 1, 1946,; are secured dated
tP. O* Chicago), HI.
/
by judicial decree of the 4
and
Bonds
Sold —
City Clerk, v^ll receive sealed 1 by a. pledge of; the full faith, Circuit Court of the Sixth Judi¬ 7 Warrants
bids until 8 pm on Feb. 4 for the credit and taxing power of said cial Circuit of the State of Flor¬
Stifel, Nicolaus & Co., Inc., and
purchase of $480,500 3 % refunding district, and an additional pledge ida, and the opinion of Wood, A. C. Allyn & Co., Inc., both of
series
of
1945,". coupon
bonds. of said district's distributive share Hoffman, King & Dawson, of the Chicago, jointly, recently purchas¬
D&ted April 1,1945, Denominations of a tax of two cents per gallon
City of New York, approving the ed an issue of $1,000,000 real estate
$1,000 and $500. Due April 1, as on sales of gasoline or other like validity of such certificates, will acquisition / bonds, comprising
accruing be furnished the successful bid¬ $500,000 lVss and $500,000 iy4s, at
follows: $7,000 in 1953, $10,000 in ! products of petroleum
under
16 of Article IX of the
a price of par, plus a premium of
: 1954
to 1956, $20,000 in 1957 to
der or bidders.
Constitution of the State of Flor¬
'1965, $11,000 in 1966, $20,000 in
$200, the resultant/net interest
/
Winter Garden, Fla. /
cost of 1.18% being the lowest on
1968 to 1970, $16,500 in 1971, $21,- ida, by the terms of which the
To Purchase Water System—On which the district has ever been
000 in 1972, $13,000 in 1973, $30,- Legislature; of the State/of* Flor¬
ida is required to continue the Jan.
000 in 1974, and $112,000 in 1975.
7, the City Commission signed able to dispose of bonds.
The
All bonds due in the years 1973 levy of said tax for a period of a contract to purchase the water bonds mature on Aug."; 1 from 1947
and 1974 and $95,000 of the bonds 50 years from Jan. 1, 1943, and is system of the Florida Power Cor¬ to 1956 inch, and the proceeds will
due in the year 1975 being bonds prohibited from withdrawing the poration. /The amount of $2,500 be used in connection with con¬
numbered 424 to 466, inclusive, proceeds thereof from the opera¬ was paid as a binder on the con¬ demnation proceedings brought by
of said constitutional pro¬ tract, the balance of the purchase the district.
-and 472 to 566, inclusive, are op- tion
vision during said period.
The same account purchased, an
price to be financed by issuing
v tional for redemption in
inverse
that if part were
the
bonds
100.182
29, by the City Council Fi¬
Committee, that the City
Jan.
of
gation of the Park District, as a
special taxing district, and said
Issuance Recommended—
recommendation
A
Authority in ferry operations
notice
maturity and deducting therefrom
stitute
7V'7/
cost
interest
of the
'
with the
highest bidder will be
who offers the lowest net
the interest rate named in the bid,
100.319
7For $1,050,000, Is
by
use
.Vt
& Co., Inc.,
Co., .
Co., and
/■ '
Blewer, Heidner & Glynn,
corporation, and further
the cost of acquisition
three
the
„
Cruttenden &
-
highest qualified
determined by computing the total
interest on all the bonds to their
R. S. Dickson &
to finance
of
The
one
Harriman Ripley
jointly,
the
crued interest
Chicago,
For $1,050,000, Is
Bay formerly owned by
Ferry Incorporated, a
Florida
7/
-
First National Bank,
Line
Bee
.
$1,050,000, Is ___._100.699
For
purchase by the Authority of the
franchise for ferry operation in
Tampa
Quincy, jointly,
;
.
not
and
,
7 77
Bank, Chicago, /
7C„7, s, > j
John Nuveen & Co., and ,7 '<
,
Mercantile Trust Co.,
/ »■*
/
may
to
accordance
in
the
1
1%,
bidder who has submitted his bid
sale.
' *
l
Savings
11
Harris Trust &
bid, if any, or adding thereto the
amount of the discount, if any.
the entire issue
100.765
Northern Trust Co.,
and /deducting
issue
the
of
Bidders
-
-
life
Authority over the
the
by
/7;v;77;:/
of
rate shall be named
one
by each bidder. Said bonds to be
awarded
jointly; ''//'■ 7//-'•'/7
For $1,050,000, Is
required to be
interest
total
7/777
y4
of
than
more
Mullaney, Ross & Co.,
Authority,
which
interest
cos
will be determined by computing
the
multiples
,
Graham, Parsons & Co.,
C. F. Childs & Co., and
same at
cost to the
interest
lowest'
the
Gllore, Forgan & Co.,
bidder of¬
the
purchase
to
paid
of
bonds
the
retire
will
amounting to $2,950,000
fering
$500,000 auditorium bonds. , , ; - .
750,000 hospital bonds. 7 /'.7 7
600,000 firestone estate purchase
funds
and
The following
—
will be awarded to the
submitted to the voters at the
election to be held on Feb. 26; //,;;
trict; that the taxable property sit¬
uated in one district could not
to
Fla.
be
not be transfererd to another dis¬
be; taxed
7;///7;/7'7.;7/.
■
Bond Election
The
Court held that the property
one
1969.
Miami Beach,
Court invalidated
the grounds it violated
due on
These bonds are
ad¬
debat¬
a
Mordav, February 4,. 1Q46
FINANCIAL CHRONICLE
THE COMMERCIAL &
704
Election—An
issue
of
municipal water bonds amounting
to
$14,500
the
held
voters
on
will
at
be
the
submitted to
election
New Providence^
Bond
water
to
be
Feb. 18.
Election—The
system
la.
following
construction bonds
amounting to $18,000 will be sub-
Volume .163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4461
705
mmmtJ
the' voters at the elec¬
mitted to
tion to be held on Feb/14:
:
^
$12,000 revenue bonds. ; ^
' -■
6,000 general obligation bonds.:
t,
to
the
opinion
of
'
<
were
au¬
the election held
at
Payable front unlimited
ad valorem taxes.
opinion
of
The approving
Campbell,
A.
B.
on
of
New
Offering—James C. McCormick, Acting County Trea¬
surer,
will receive sealed bids
until
10.30
a.m.
Feb. 5 for the
on
purchase
of
temporary
notes
amounting; to $700,000, at a dis¬
count. : Dated Feb. 8, 1946.
De¬
nominations
to
suit purchaser,
,
,
Section 37.
St. Bernard Parish School District
No. 1
(P. O. Charleston), La.
Other Bids—The
bonds awarded
$175,000 school
Jan. 16 to Weil
on
&
Co., and Lamar, Kingston & La
Bouisse, both of New Orleans,
jointly, at a net interest cost of
1.179%—v. 163, p. 513—also re¬
ceived the following bids:~
i
*Net
'
Bidder
Cost
White, Hattier & Sanford>_1.189%
Weil & Arnold,
Hibernia National Bank,
New Orleans,
;
1
.
Payable' at the Second
National Bank of Boston, or at
the Chase National Bank, New
York City, and will be delivered
on or about Feb. 8,
1946, at the
Second National Bank of Boston,
against payment in Boston funds.
The
will
notes
to
as
be
authenticated
genuineness by the Second
National Bank of Boston and their
legality approved by Ropes, Gray,
Best, Coolidge & Rugg, of Boston.
avSalem, Mass.
Note Sale—The
,
$1,000,000 tem¬
•
LOUISIANA
•).
A-"'
..r>
lV-
-
V*-V *'
V
-
Abbeville, La.1
'
/
V; Bond Offering—Theophile Bau-
doin,
Clerk,
City
receive
will
25 for the
sealed bids until Feb.
purchase of $130,000 water re¬
venue refunding bonds, not ex¬
ceeding 4 % interest; Dated April
1, 1946.;/These bonds are due in
1947 to 1956./: Authorized: at the
election held on .Tan. 22.
and
;
/
at
.
■
-
Co.,
'.
-
Co., jointly 1.229%
Equitable Securities Corp., ;
Kingsbury & Alvis, and;
Glas & Crane, jointly »»1.244%
T. J. Feibleman
John
Dane,
Shawmut Bank of
Boston, and will
be ready for delivery on or about
Feb. 1, 1946, at said bank.
Other
•
'
Bastrop, La.
Bond Sale—The $100,000 More¬
house •• Memorial airport
bonds
,
offered for sale
on
Jan. 22r-v. 162,
jointly
Shreveport,
Scharff
Hattier
D'Antoni & Co.,
.
.
"
v
Beverly, Mass.
'
Note Offering—John C. Lovett,
City Treasurer, will receive sealed
bids until noori on Feb. 6 for the
Scharf £ & Jones. J— -——1.109 %
purchase of $300,000 temporary
Dated Feb.
Barrow, Leary & Co. ....1.211% notes, at a discount,
7, 1946. - Denominations $25,000
M. A. Saunders & Co.,
and $10,000:
Due Nov/ 5, 1946.
For $100,000, 1
;1.25 %
Issued in anticipation of revenue
Pohl & Co.,
v '/?*■'■
for the current year.
Payable at
For $100,000, 2Y4S
2.22%
0.435%
'
'
,
"
~
the First National Bank of Boston
and will be delivered
about
on or
Feb, 7, 1946, at said bank for Bos¬
ton funds.
The notes will be au¬
thenticated as to genuineness and
validity by the First National Bank
Evangeline Parish School Districts of Boston, under advice of Ropes,
(P, O. Ville Platte), La.
Gfay, Best; CoOlidge & Rugg of
> Bond
Election—The following Boston.
bonds amounting to $100,000, not
J
^ < Brockton* Mass. v./
exceeding 3% interest, will be
->0A4%.
Merchants/National Bank;
t": "
Boston
J»»>0,474%
;
?
'*Somerville, Mass. -J
>
$500,000 tempo¬
notes offered for Sale on Jan.
i
/
Note Sale—The
rary
»»>.»».1.171%
Shreveport /»»/—
Bank,
Naumkeag Trust Co.;
31
awarded to the First Na¬
were
tional Bank, of Boston, at a dis¬
count^ Ofv 0.44%.*/ Dated Feb; 1,
'
■)
Rate
.
Salem
,.
Equitable Securities Corp.,
^
^
For $30,000; 2% s, and,
!? i v ^
■v$70,000,- l%s—--4—-'.-1.48%
Felix M. Rives,
v,
'
Net Cost
Weil & Co.
<
.
Boston
jointly >—1.27%
•
Bidder
}
,
'.T
t
Second National
.V-
*
>
.
Bidder
.
MASSACHUSETTS
1.0101%.
These bonds are due
on March 1, in 1947 to 1961. Other
bidders were as follows:
.
5,;
1.27%
>—<
.
& Jones, and
p.
3125—were awarded to White,
& 4 Sanford,
of ' New
Orleans, at a net interest cost of
bidders were:
National Bank of Commerce,
New Orleans, and
J
Felix M. Rives,
a
1, 1946. ; Denominations y to suit
purchaser.
These notes are due
$500,000 Nov. 6 and Dec. 6, 1946.
Issued in anticipation of 1946 rev¬
enue.
Payable at > the National
,
and
National Bank, of Salem,
discount of 0.42%. Dated Feb;
chants
Barrow, Leary & Co.;
♦
jointly >^-^-^--.—.1.214%
Ernest M. Loeb
on
Jan. 31 were awarded to the Mer¬
-
,>
notes offered for sale
porary
Nusloch, Baudean and Smith
/v/-';'/,,
■
1946. Denomination
notes
due
are
on
election tq be
voters
the
to
at ' the
held /ohs'March 12:/
$60,000 Pine Prairie School Dis¬
trict bonds.
District
School
40,000 * Vidrine
These bonds are due in 20 years,
New Orleans,
Bond ; Sale
—
p.* 3244—were
The
to
the
National Bank of Commerce, and
John Dane, both of New
>
Orleans,1
„
$150,000 series A, Public Belt
Bridge Fund bonds, as 1.10s,
at a price of 100.10, a basis of
about
>•
1.0743%.
Due
March
1,1965.
140,000 new series, Public Belt
bonds, as Is, at a price of
100.10, .a
basis
of
about
/*/•// 0.9734%. Due March 1, 1960.
*'
■
1, 1946.
March
Denom¬
ination $1,000. Interest M-S. The
next highest bidders were as fol!
Dated
V
■up.
f
c
.».,•••
notes
Other} bidders, /were
;
i.
.
Bidder
v:
.v
,
Price
Bid
02100.045
Oakdale, La.
Offering—B. Dean,
were
Nov;
as
-
Clerk,
until
City
receive sealed bids
a.m. oh Feb. -27 for the
will
11
purchase of the following public
'improvement
to
bonds
amounting
$160,000, not exceeding 4% in¬
terest:-
-
-
•
/'
,
8,
as
Rate
'
;
}
Brockton
Note
I
•
Fitchburg, Mass.
$600,000 tem¬
Sale—The
porary notes offered for sale re¬
cently
awarded to the Sec¬
ond National Bank of Boston, at
were
0.40%, plus
These
1946,
a
notes
premium of $1,00.
due on Nov. 6,
are
Other bidders were
as
fol¬
lows:
Bidder
■
•
•
>,' -" 1.11:1Tyr c
•' a / -/Rate'
Worcester County Trust Co.,
;
-
Ecorse
1
Boston
V " ,• * /
r> JJl..I'li ->,0.428 %
Methuen, Mass.
Note
Sale-^-The
,
ond National
a
T owns hip
Sch.
Dist.
bonds offered for sale
on
Jan. 26
163 p. 362—were awarded to
the Ecorse-Lincoln Park
Bank, of
%s, at
price of 100.02,
a
basis of about 0.743%.
Dated
Jan. 1, 1946. Denom. $1,000. These
as
ders
are
were
a
due $10,000
on March
Other bid¬
as .follows:
Bidder
Price
First of Michigan/ Corp.,
;
Bid
/
-
i
29, 1946.,
These notes
Nov. 5, 1946.
as
follows:
Bidder—
"
are
due
on
Other bidders Were
v: ■•;
;}}''///a
<v
'•'•^'
on
Dec. 28,
" V
Bonds
} Minneapolis
100/201
Piper; Jaf fray & Hopwood-100.121
Kalman & CO.>—>>>>>»»100.101
an
elec¬
For 2%
'•,,/, ■/
Bonds will be awarded to
whose proposal pro¬
duces the lowest net interest cost
_>
100.00
V
MISSISSIPPI
Calhoun
County, Chapel Hill
Consolidated School District
■
v
•
'
(P. O. Pittsboro), Miss. '■ ''•■ ' •
Legality Approved — An
Bond
issue of $15,000 3%
school bonds
to legality
by Charles & Trauemicht, of St.
has been approved
as
Dated Dec. 15, 1945.
Louis,
bidder
Bonds
State Bank of Richmond
1945/ Prin¬
valorem taxes within the 2%
charter tax limit for village pur¬
the
For 1.30%
First National Bank,
Curtis >»»—>_>»_»>_100.58,
ad
poses.
,
E. J. Prescott & Co. »„»100.069
R.
cipal and interest payable at the
Detroit Trust Co., Detroit.
The
bonds will be the general obliga¬
tions of the Village payable from
Lincoln
;
\
County, Henck's Retreat,
Consolidated School District,
^
(P. O. Brookhaven), Miss.,.
Bond Legality Approved -r-,Ari
issue of $12,000 2%
school bonds
to legality
by Charles & Trauernicht, of St.
has been aprroved
Louis.
bonds
These
Nov.
as
1945.
1,
dated
are
./,v -;.
' .'/vv;v/
to the
Village after deducting the
premium offered, if any. In deter¬
mining the net interest cost, in¬
terest on premium will not be con¬
sidered as deductible and interest
on bonds, will be computed from
the date upon which bids are to be
received to the maturity date of
•
,
^
MISSOURI
Hayti, Mo.
Purchased—An
Bonds
'
'
v
issue of
works and sewer im-;
1 % % water
provement bonds amounting/ tq
$88,000 was purchased recently by
Paine/ "Webber,;Jackson & Curtis,
of Chicago, at a price of 100.41/
Dated Dec. 1,1945.
Legality ap/posal for/less than all the bonds proved by Charles &
Trauernicht,
nor for less than their par Value
of St. Louis,/, • ■;//''
•'/ /:' //;■///■': \
plus accrued interest from Feb. 1,
1946, to date of delivery, will be
"'/r-/--;'. Kansas City, Mo.
'
each bond.
The right is reserved
to reject any or all bids. No pro¬
Bids shall be condi¬
considered.
-
May
Vote
-
IItility Purchases
j on
tioned upon
MINNESOTA
.
;
;
School District
Election—Ari
No,
1,
issue
Roscoe
(P. O.' Ziimbrota)i Minn.
Sale—The
$67,500 road
bridge bonds offered for sale
24—v. 163, p. 363—were
awarded to Juran & Moody, of St.
Paul, and Kalman & Co,, of Min¬
neapolis, jointly, as 1.10s, at a
price of 100,008, a basis of about
Bond
and
on
Jan.
Other : bidders
were
Price Bid
For 1.20%
Bonds
jointly
Co.,
.
r
,
>»>_»»>>»>;_i>100,35
Paine, Webber, Jackson
& Curtis
>>>»
»
j»>» j»100.06
For IU%
Bonds
: / /
$50,000, 1V4s>>->_»100.15
Stranahan, Harris & Co., Inc.,
/For $50,000, 1
>_»_>100.08
Bank, Minneapolis i >•C
Milwaukee Co.,
^
National Bank of
/
| ;For $50,000, 2V2s" -—^>100.105
'
Pontiac,. Mich.
Called—Oscar
-
are called for
on
any
payment on March
interest payment date.
Bonds should be delivered to the
0.479
0,48
ceases
on
date called.
-/•
•
/
-
>
(P. O. Richmond), Minn.
Bond Sale— The $27,500
offered
Jan.
24—v.
awarded
163,
to the
for
p.
build¬
sale
on
the
:
In any event, /
the election and a
favorable vote of the electorate
would place the city in a position
to act in the matter when, as and
if an opportunity develops to ac*quire the utility. /• According to a
report furnished the City Council
last year by the Burns and Mc¬
Donnell Engineering Co., the city
would be able to retire, on the
basis of the company's 1943 earn- ;/
ings, a 3 % revenue bond issue in /
25 years, and conclude each fiscal
year with a surplus of $1,500,000.
T. E. / Chenoweth, City Utilities /
Engineer, recently stated that.on
the basis of the
1.194%.
' Dated
Denoms.
$1,000 and $500.
rlnA
Jan.
Ari
.Tart
1/
1946.
These
1
company's higher /
earnings subsequent to 1943/a 2%
revenue bond issue could be liqui¬
dated in 30 years, and
still provide
yearly surplus of $1,500,000. ;M\.
:
.
' Memphis,
frATA
$0.
Purchasea-rrrAn issue of
public improvement bonds
Bonds
2%
amounting to $8t,p00 was pur-;
chased recently by the Municipal
Corp., of Alton, and the
& Securities Co),;
Hannibal, jointly. Dated Deq.
1,1945.
Legality approved by
Bond
.
Bankers Bond
of
Charles^ &
Louis,
Trauernicht,
'/a///!.;://.
//• ;://
of St.
;•
Oran, Mo.
.
Bonds Purchased
—
An issue of
$10,000 ZVa% public improvement
price of 100.047, a basis of about' bonds
nrs
facilities.
513—were
Allison-Williams
Co., of Minneapolis, as 1.20s, at a
bhinrlc
decide to com¬
the holding of
i
v
Stearns County School District No,
bonds
sources may
pete with the city in the purchase
a
For. 1.30% Bonds
:
/
First National Bank; ;
" \
St. Paul _>->__..U>>L>>>,100.05
ing
also
order;
should it elect to sell immediately,
Milwaukee >„»>>>_»»>100.30
20
of
that
further' postponement,
1101.30
•.
Eckman,
1, at par. and accrued interest.
Dated July 15, 1941. 'These bonds
are due on March
1, 1964, call¬
able
•
Northwestern National
Piper, Jaffray & Hopwood» 100.21
$50,000, Was >1»»100.00
Pohl & Co.,
}a^aa
■
a
divestment
.
J. M. Dain & Co./and
Allison-Williams
McDonald-Moore & Co.,
Wyandotte,
as
^
-
For
the
of
•
I
obtain
other
Bidder
^
of
mitted to the voters at the Spring
election to be held on March 12.
100.01
Paine, Webber, Jackson & ,
Curtis, :/•
/•:/"'_ ; - A •/yV f For $40,000, IV4S, and
1
^10,000, %s/>,J_>»U„_100.003
Braun, Bosworth & Co., Inc./;
For $50,000,
IV4S-—>100.17
1
May 5 next. There is a possibility,
however/ that the company may
e d u c a t i o n a 1
facilities
bonds
amounting to $760,000 will be sub¬
follows:
National Bank of Detroit, Detroit,
for payment on March 1, Interest
■•'V'/*..' Hate
First National Bank,' Boston—___*
National Shawmut Bank, Boston-
authorized at
were
tion held
/
tem¬ Director of Finance/has announced
that series A-5, issue of 1941 re¬
awarded to the Sec¬ funding bonds, Nos. 541 to 600,
Dated Jan.
bonds
l\i% Bonds
Moody »»»>>»100.'i34
Paine, Webber, Jackson &
Mich.
Edward
—
For
Frank & Belden, Inc>—>>100.21:
J. M. Dain & Co. »»„»100.20
Juran &
Brown, Village Clerk, will receive
sealed binds until 8 P. M. (EST)
on Feb. 5 for the purchase of $83,000 public park coupon bonds, not
exceeding. 4 %
interest.
Dated
Feb. 1,1946. Denom. $1,000. These
bonds are due on Dec. 1, as fol¬
lows: $13,000 in 1946, $15,000 in
1947 and 1948, and $20,000 in 1949
and 1950.
Rate of interest to be in
multiples of Va of 1%.
These
L098 %,
r
-
For $30,000, 1 ^s, and
$20,000, Is
:
Bonds
Bank - of Boston, at
Shores,
Offering
;
■—v.
$175,000
discount of 0.464%.
Clair
/Bond
porary notes'offered- for sale on
were
St.
Bond
Price Bid
'.For .114%.. Bonds •'
Inter¬
date called. /
on
ceases
'
;
,
Bidder
said
No. 8 (P. O. Wydndotte), Mich.Bond Sale—The $50,000 school
!
For
Worcester^ /U_-»».r>0.405 %
First National-Bank,
est
MICHIGAN
—w-^-0.49 %
.
on
be delivered to the Detroit Trust
Owatonna
1, from 19474o 1951,
;
due
are
Said bonds should
Co., Detroit, for payment.
0.453%
bonds
Day Trust Co., Boston w—0.494%
First/National Bank,
Boston
I*-/-,>0.495%
bonds
were
1946.
8,
follows:
Boston
Ecorse,
^
These
1937.
Sept. 1, 1967.
Other bidders
»
National Shawmut Bank,
Boston
______0.49%
Home National Bank,
Jan, 29
/•
Bond
Nov.
on
payment
1,. seriesA, refunding
bonds Nos. 5, 36, 61, 117, 139, 160,
203, 234, 275, 290/ 323, 343, 355,
372, 374,, 409, 435, 480, 503, 538,
589, 603, 647, and 656, at par and
accrued interest.
Dated Sept. 1,
/
legality of the bonds. The cost of the feasibility of asking the Voters
legal opinion; and of
the at the March 26 city election to
Bidder
Rate printing of the bonds Will be paid pass on a proposal to issue $12,by the Village. Bonds will be de¬ 500,000 bonds to finance purchase
Merchants National Bank, v / }'
livered at Detroit.
Enclose a cer¬ of the Kansas City Gas Co.
The;
Boston, ^>..>-»>»^».i>0.443% tified check for
2%. of the total Cities Service Co., which owns the
National Shawmut Bank,
par value of the bonds payable to
utility, is required under orders
Boston'
l
»0.45 %
the Village,
of the Securities and Exchange
r./
Commission to dispose of it' by
Second National Bank,Other bidders
/Boston.
.
$140,000 -1,10s.
due
Merchants National Bank/.
.
:
are
follows;
Kingsbury~& Alvis, M; • -d
For $150,000 iy2s—»-,.-100.102
Trust Co., of Georgia,
For
,<
Bidder
awarded
-
These
La.
following
bonds amounting to $290,000 and
offered for sale on Jan. 29—v. 163,
-jointly:
rate of 0.456%. Dated Feb. 4, 1946.
1946.
bonds.
■
Note Salen-The $500,000 tempo¬
rary notes offered for sale recent¬
ly were awarded to the Second
National Bank, of Boston, at a
trict Secretary, calls: for
oh March
1948 to 19$3,
follows:
as
the^Jegal opinion of Bond Issue—City Mangjger L.. P.
Claude^ H./*'Stevens, of Berry ; & Cookingfiam* has been authorized
$25,000. These Stevens'/ of Detroit, approving the by the City Council to investigate
•
submitted
Royal Oak Township Sch. Dist.
No. 7 (P. O. Berkley), Mich.
Bond Call—Edward Parkin, Dis¬
Note
Orleans, will be furnished
the purchaser. Enclose a certified but no note will be smaller than
check of $1,600 for each issue; $5,000. Due Nov.; 6, 1946. Issued
payable to the City.
'■/, • //.. under General Laws, Chapter 35,
.
the printed bonds at his expense.
The right is reserved to reject
all bids.
bonds
J an. 22.
Chapman & Cutler, of Chicago,
and all bids should be so condi¬
tioned.
Purchaser shall furnish1
any or
1946.
thorized
The District will fur¬
approving
These
1966.
(P. O. East'
Cambridge), Mass,
:
Denom¬
ination $1,000. Due March 1, 194$
sen, Secretary- of the Board of
Directors, will receive sealed and
oral bids until 7:30 p.m. on Feb. 6
for
the
purchase
of $108,000
school bonds.
v /a/"////.;/
Vj ■
!: Dated Feb. 1, 1946. Due Nov. 1,
as follows $5,000 in 1947 to 1952,
and $6,000 in 1953 to 1965.
All
other circumstances being equal,
preference will be given to the bid
of par and accrued interest or
better specifying the lowest rate
nish
Dated March 1,
•
Ruthven Consolidated School
''Vv//H ■ a ■' District, la. ./a, /: <;'/a
Bond Offering—Emma Herman-
of interest.
Middlessex County
$80,000 series A bonds.
80,000 series B bonds. /. />;
was
purchased recently by
the Municipal
Bond Corp., of Al¬
ton, at a price of par.
1R
104R
TKocq
Dated Dec.
Kniiflo
registered. *\ ' ;;.
warrants
Interest ceased on
Missouri
Hildreth, Neh.
■
Offering—Frank J. Bur-
Bond
Bond Sale
kamp, County Treasurer, will re¬
ceive sealed bids until noon on
for the
Feb. 20
house
and
jail
Due Feb. 1,
follows:
as
$10,000 in 1953, $120,to 1957, $125,000 in
1955.
in 1962 to
1964
1965 and
1966.
Bidders are requested to
designate in their bids the price
they will pay for bonds bearing
interest at a rate likewise to be
designated in their bids: provided,
however, that all of said bonds
shall bear interest at the same
rate, which shall be an even mul¬
tiple of Vs of 1%. Principal and
interest will be payable at a bank
to be designated by the purchaser,
subject to approval of the County
Court.
The County will furnish
the legal opinion of Charles &
Trauernicht of St. Louis, and will
pay for the printing of the bonds
and the registration fee at the of¬
fice of the State
Auditor. Delivery
will be made to the
of the bonds
purchaser on or before March 26,
1946, in the City of Clayton, or in
the City of St. Louis, without cost
to the purchaser.
Delivery else¬
where will be made at the expense
These are the
the election
4, 1945. Enclose a
of the
purchaser.
bonds
authorized
held
Dec.
on
at
payable
certified check of $16,500,
to the County,
,
lowing bonds amounting to $40,000 were approved at the election
Ordinance
j
•
Refunding
Agents—It
announced
that
J,
B.
The
the
and mature serially in 1947
School District
on
Montclair, N. J.
and
$15,-
are
tion $100. These
bonds mature on
Jan.
1, as follows: $3,100 in 1947
[to 1950, and $3,274.23 in 1951. r,,
Lincoln
;;
V
Bond
County School District
No. IS, Mont.
Offering—M^ud
Coats,
District Clerk, will receive sealed
bids until 1 pm on Feb. 16 for the
equipment
—
An
ailing for an issue of
flood control bonds amounting to
$100,000 was passed recently by
the City Council.
West
Bond
v
;
Paterson, N.
.
Offering-r-William
Dier-
,
dorf, Borough Clerk, will receive
13
for
the
purchase
of
called
for
two
Jan.
2, the
bonds and warrants:
office
on
Improvement
his
following
payment
at
District
No.
76,
District
No.
77,
or
Improvement
bond No.
bidders offer to
more
ac¬
least amount, then
offering to pay
therefor the highest price.
The
purchaser
must
also
pay
an
amount equal to the interest on
to
same
the
bidder
the bonds accrued to the date of
interest only.
10.
payment
In
the
of
the
event
purchase price.
that
prior
to
the
Lighting Improvement District delivery of the bonds the income
received by private holders from
No. 7, bonds Nos. 18 to 20.
Lighting Improvement District bonds of the same type and char¬
No. 8, bonds Nos. 19 and 20.
acter
shall
be
taxable
by the
Lighting Improvement District terms of any Federal income tax
No. 9, bonds Nos. 15 to 17.
Sidewalk
and
Curb
warrants
Nos. C28 to 651.
Dec.
on
at
voters
18,
the
were
favorably voted:
bonds.
Wilmington, N. C.
Bond
law, the successful bidder may, at
election, be relieved of his
obligations under the contract to
his
Planned—The
Election
following
bonds
amounting
to
$700,000 will be submitted to the
election to be
voters at an
Fostoria School District,
building
^
^
Ohio
and
con¬
stadium,
Jan. 21.
on
163, p. 239—were awarded to"
Braun, Bosworth & Co., Inc., asIs, at a price of 101.112, a basis
about
0.819.
Dated
March
1/
Denom. $1,000. These bondsdue from 1947 to 1958.
Other-
bidders for 1% bonds
were as
Bidder
fol¬
Price Bid
Weil, Roth & Irving Co.
100.69
Ryan, Sutherland & Co/
100.61
Ohio Co. of Columbus
100.58
-
Haydeh, Miller & Co. -1—100.52
Fox, Reusch & Co.
100.47*
Stranahan,'Harris & Co;, " «
:
Inc:
—1—
100.44;
Seasongood & Mayer
100.40*
Ball, Burge &,Kraus
;100.39'
Fahey, Clark & Co
J. A. White & Co.
—100.31!
—100.28:
Harris Trust &
PSaving$; Banki/Chicago ^-100.13
Halsey, Stuart & Co.
-100.09
•
held
Feb. 15
on
the
Finance
Local
tion
Title
house and
equipment fund No. 1 bonds.
Due $4,000 Nov. 1, 1947 to
2
Local
of the
a
1971.
is to be
or
500,000 relief; sanitary and storm
certified
sewer
check for 2% of the amount of the
bonds, payable to the Village.
v
- *■
introduced in the legisla¬
ture by State Senator Seymour
Halpera of Queens County, pro¬
City
a
creation of
Airport
a
New York
Authority,
which
would administer and control all
airports constructed in the city
area, including the vast Idlewild
project which is nowv being con¬
structed out of funds raised by the
sale of New York City bonds.
The
would have a bond
issue capacity of not more than
$250,000,000, with the obligations
to mature within 40 years and be
subject to redemption at the au¬
thority's option after 10 years
from date of issue.
The authority
new
agency
would also be empowered to issue
5-year notes.
...
„
.
.
V
Lang Made First Deputy Comp¬
troller—Lewis F. Lang, who has
been
connected
with
the Comp¬
April, 1922,
has been appointed First Deputy
Comptroller by Comptroller Laza¬
rus Joseph.
Mr. Lang has recent¬
ly been serving as Assistant Dep¬
uty Comptroller. '
troller's
office
The State Insurance Fund of
\
New York, N. Y.
:j Bond Offering—William
L. Fan¬
ning, Chairman of the Commis¬
sioners, was announced that the
State
Insurance Fund
of
New
York will receive sealed proposals
at its office, 625 Madison
Ave.,
New
York
22, N. Y., until 10.30
A. M. (EST) on Feb. 7, for the
purchase of fully registered State
of
New
York
to
York
for
and
Port
of
Nov/1, 1947 to 1971.
1946.
New
sue
multiple of 3A of 1%. Split rate
aids will not be considered. Said
aonds are to be in coupon form
ay
be registered as provided
laws Said bonds are to be sold
highest and best bidder for
the
o
not less than par
and accrued in¬
bids must /state [ the
number of bonds bid for and the
All
terest.
amount of the bid and ac¬
crued interest: All bids must be
made in the form of blanks which
will be furnished upon application
gross
City Clerk. Approving
to the
opin-?
Squire, Sanders & Dempsey,
will be furnished to
;he successful bidder and paid for
ion of
of Cleveland,
the City. Enclose a certified
check for 1% of the bonds bid
by
to the. City Treas¬
for, payable
urer.
.
Deer Park
(P. O.
Exempted Sch. Diet..
Cincinnati), Ohio
$400,000 school
sale on Jan. 30—
Bond Sale—The
aonds offered for
163, p. 363—were awarded to
Jalspy, Stuart & Co., as jDAs, at a
price of 101.863, a basis of about
1.084%.
Dated Jan. 1, 1946. De¬
nomination $1,000.
These bonds
are due on Dec. 1,
from 1947 to
1968.
Other bidders were as folows:
;
Rate Price Bid
Bidder
Co.,
Inc.
Provident Savings
Trust
Co.,
114 %
101.131
114%
Ryan, Sutherland & Co.—
Stranahan, Harris &
100.892
114
101.68
Bank &
Cincinnati—.
Finneytown Local Sch. Dist.
(P. O. Cincinnati), Ohio
Bond Sale—An issue of $85,000
Authority bonds amounting
$2,941,000.
Mr. Fanning also construction bonds offered for sale
be"
the
voters at the election to
held sometime in March^
Lorain, Ohio
'
•
~ '
Special'"Election "Requested
The Airport Executive Committee
upon the City. Council
to submit to the voters at a special
has. called
election
an
k
issue of municipal air-
port bonds amounting to $960,000.'
Marion, Ohio
Other
Bids f-t The
$1,041^50
and airport bonds awarded'
Jan. .19 to a syndicate headed
sewer
on
by
the
National Bank, of
of 101.168, a
First
Chicago, at.
net
a price
interest cost of
1.0745%, for
$641,950 VAs, and $400,000 Is,—v„
163, p. 515—also -received the fol¬
lowing bids:
*
Bidder
Braun;
Price BijJ \
Bosworth & Co., Inc.;
Co. of Columbus, --*•'*
Stranahan; Harris & Co., Inc.,
Merrill, Turben & Co., andNational City Bank; '
%
'
Marion, jointly,!
For $1,041,950, lV4s —101.77
$400,000, Is
—.100.77
Phelps, Fenn & Co., and 's , McDonald & Co., jointly,.
For $641,950, HAs, and /
; $400,000/ Is———100.42
Ryan, Sutherland & Co.,
Northern Trust Co.,
;
Chicago, and •
• I ;•
"
// //
H. V, Sattley & Co., '
Ohio
-
,
jointly,
;
$641,950, lV4s, and
$400,000, Is
-,..100.33
For
Harriman
' /•
J //
V
Ripley & Co., Inc.,
Hayden; Miller & Co.,
Fahey, Clark & Co.,
First of Michigan Corp., and
Cruttenden & Co./ jointly,
,
For
■■
;
diiim bonds will be submitted to !f
a
but may
Planned—An is-';'
of $50,000 war memorial sta-
D enom-
$1,000, • Bidders may bid
different rate of interest in
a
since
■
•
$20,000
ination
bill just
vides for
fund No. 2 bonds. Due
Dated March 1,
New York City, N. Y.
Airport Authority Proposed—A
i
Lisbon, Ohio
Bond Election
100,000.fire .engine
procedure for the valida¬
of said bonds provided in
6 of Article
election held on Nov. 6, 1945.
purchase of the following
2% bonds amounting to $875,000:
Law. No
$15,000
bonds, the bonds to be accepted
being those first maturing, and if
Bends Called—The City Treas¬ cept the
urer
the
to
election, held
sealed bids until 8 P. M. on Feb.
of
Mont.
of
107.00
complied with. Enclose
the amount bid the least amount
Missoula and Improvement Dists.,
submitted
sealed bids until noon
Finance Law has been
J.
101.28
for the
tion
ordinance
.
a
amounting to $150,000 and
.
Passed
funding of 1945 coupon or regis¬
purchase of $2,500 improvement
tered bonds, not exceeding 6%
bonds, not exceeding 6% interest. interest.
Dated Dec.
15, 1945.
Dated Dec. 1, 1945. Amortization
Denom. $1,000.
These bonds are
bonds will be the first choice and
due on Dec. 15, as follows: $2,000
serial bonds will be the second
in 1946 to 1952, and $1,000 in 1953.
choice of the School Board.
If
Rate of interest to be in multiples
amortization bonds are sold and
of V& or 1/20 of 1% and must
issued, the entire issue may be
be the same for all of the bonds.
put into one single bond or di¬
Principal and interest payable at
vided into several bonds, as the
the United States Trust Co., Pa¬
said
Board
of
Trustees
may
terson.
No proposal will be con¬
determine upon at the time of
sidered
which
specifies* a rate
sale, both principal and interest
higher than the lowest rate stated
to be payable in semi-annual in¬
in any legally acceptable proposal.
stallments during a period of 20
Each
proposal v must
state
the
years from the date of issue.
If
amount bid for the bonds, which
serial bonds are issued and sold
shall be not less than $15,000 nor
they will be in the amount of
more
than $16,000.
As between
$125.00 each, the sum of $125.00
legally acceptable proposals speci¬
of the said serial bonds will be¬
fying the same rate of interest,
come payable on June and Dec. 1,
the
bonds will be sold
to
the
of each year, together with the in¬
bidder complying with the terms
terest thereon, until all of such
of sale and offering to accept for
bonds are paid.
Enclose
certi¬
fied check for $250.
—
the Village Law.
The bonds are
general obligations of the Village $275,000 motor vehicle and motor
payable from unlimited ad valo¬
yy' driven equipment fund No. 2
rem taxes upon real property. The
bonds.
Due Nov. 1, as fol:
Village has provided a down pay¬
lows:
$45,000 in 1947, and
ment of $150 as provided by Sec¬
$46,000 in 1948 to 1952..
alteration, repair
purchase bonds
Ordinance
Bond
101.57
lows:
\
,
Pines, N. C.
The following
sued is contained in Section 89 of
Passaic,, N. /./• •
c','/
of Laurel,
price of par—v. 163, p. 116—
dated Jan. 1, 1946. Denomina¬
Voted
for which said bonds are to be is¬
amounting to $254,316.
9 to
Yellowstone Bank,
■:
of Education has rec¬
of school
issue
trict bonds awarded on Dec.
a
Board
The
%,/and must be
for all of the bonds; The
■■
.
Feb. 13.
Bond Authorization Requested—
dis¬
the
| amounting f to
$150,000 will be submitted to the
voters at the election to be held
Laurel, Mont..
at
bonds
same
;
* •
n
-
Guyan .Township Local School 1
period of probable usefulness of in the near future:
District (P. O- Mercerville),
the object or purpose of
said
»
$325,000 water facilities bonds
Ohio
bonds is at least 20 years.
Prin¬
300,000 sewer facilities bonds
Bond Offering-^-C/L. Hineman,.
cipal and interest payable at the
35,000 storm drains bonds
District Clerk, will receive sealed ^
First National Bank in Montgom¬
/ 40,000 fire department bonds
bids until Feb. 18 for the purchase
ery.
The Village operates ;under
the Village Law and the proposed
ol$31,000 construction bonds, not*
OHIO
bonds are authorized by said law
exceeding
3%
interest.; Dated/
Columbus, Ohio
and the Local Finance Law.: The
May 1,1946. These bonds are due :
Bond Offering — Agnes Brown in 1947 to 1962.
These are the
statutory authority for the power
City Clerk, will receive bonds authorized at the generalto spend money for the purposes Cain,
1975.
to
ommended the authorization of an
improvement
\
Osbprn,
bonds
to
of one-tenth of 1
bonds will bear interest
new
at 3%,
bonds
special
Southern
Bonds
1950, and $350 in 1951.
Rate Of interest to be in multiples
1946
3^% to 4i/2% outstanding bonds.
of wa¬
674.23
V.
equip¬
and
50,000 street improvement bonds.
30,000 incinerator plant bonds.
struction
Details—The
35,000 fire station
ment bonds
YORK
Bond Offering—H. Earl
Woody &.
•
.
Heimerdinger;
' IVz %:
Seasongood & Mayeri... '114 %
are
bonds
$70,000 sewage d i spo s a 1 plant
a motion author¬
City Clerk to call an
election in the near future to sub¬
Sale
•' ■*, I:
101.69
1946.
purchase of $2,850 build¬
the
Bond
•
f
V/2%
Walter,
of
bonds
140,000- street improvement
8 for the
City
system
improvement
amounting to $75,000.
j
bonds
ing registered bonds, not exceed¬
ing 5% interest.
Dated Dec. 1,
1945.
Denom. $500, one for $350,
Due Dec. 1, as follows: $500 in
& Co., of Newark, has
appointed agent for the
Borough to handle the exchange
of all or any part of an authorized
issue of general refunding of 1945
bonds amounting to $600,000, for
Mont.
ter
!
Village Clerk, will receive sealed
bids until 2 P. M. (EST) on, Feb,
Bond Election—An issue of con¬
mit to the voters an issue
'ft
.
102 26
—v.
25,000 cemetery improvement
'
«
•
<
iV2 %
bonds offered for sale
been
Council passed
izing
;
amounting to $25,000
Jan. 19;
100.04 /
V/4% ,
Savings Bank &
Co'., Cincinnati.^
Ryan, Sutherland & Co.__
struction
Hanauer
•
Lodge,
* */'
on
Montgomery, N. Y.
Avalon, N. J.
Chatham Township
Bond Election—The
'
/
.
(P. O. Chatham), N. J.
Deer
sold
.
50,000 sewer improvement
City-Treasurer, has announced
that an issue of street improve¬
NEW JERSEY
been
:
me,
NEW
Names
bonds
Fe, N. Mex.
Bond Sold—Lawrence A. Tam-
was
Hate Price Bicf
3/ Bond Sale—The $130,000
'
50,000 water improvement
bonds
,
.
'
was
ment bonds
•
/;
•
Trust
y
$100,000 abbatoir remodeling
N. Mex.
approved recently
by the State Tax Commission. /
$943,182
Passed—An
ordinance calling for an issue of
refunding
bonds
amounting to
$24,000 was passed recently by
the City Council.
MONTANA
Plans
school
of
proposal to issue the following
amounting to $400,000: ■
a
follows:
Bidder
-
on
bonds
Bond Issue
Rushville, Neb. '
Bond
<
,
22:
Jan.
on
$15,000 airport bonds.. '
25,000 park improvement bonds.
has
City Council will consider on Feb.
Approved—An issue
bonds
amounting to
These bonds are due
i A- White &
Provident.
Greensboro, jV, /C.:/
Bond Proposal Considered—The
.
,
1.233%.
Stranahan, Harris &
Co., Inc., of Toledo, as 1V4S, at a
price of 100.187, a basis of about
•
Eddy County Carlsbad School
/:
District (P. O. Carlsbad),
■
239—was
p.
to
were as
CAROLINA
NORTH
'
MEXICO
NEW
25—v. .163,
of Lots 1-A to 27-A.
and
;
5
-
held
valid
•
Jan.
on
awarded
Sept. 1, $3,500 in 1947 to 1968, and
$8,000
in
1969.
Other
bidders
.
Humboldt, Neb.
Bond Issues Approved—The fol¬
1961, $130,000
and $135,000 in
1958 to
al and Port of New York Author¬
legally binding obligations of the
Borough.
Enclose
a
certified
check for $300, payable to the
Borough.
■
■
are
proposals
ity bonds amounting to $1,922,000
owned
by the Aggregate Trust
Fund of New York, and consisting
Hawkins
Wood, of New York
bonds
sealed
that
same time for the purchase
fully registered State, Municip¬
of
of
opinion
the
that
Details—The $10,000
1954
in
000
the
Delafield &
'
refunding bonds awarded
recently to John M. Douglas, of
Omaha—v. 163, p. 514—were ex¬
changed for a like amount of out¬
standing bonds, at a price of par,
and mature Jan. 1, from 1946 to
purchase of court
bonds amounting
Denomination $1,000.
«•'1
2Vz%
Dated Feb. 1, 1946.
$1,650,000.
with
Monday, February 4, 1946
at the
^.
NEBRASKA
O. Clayton),
St..Louis County (P.
announced
purchase the bonds and in such
case
the
deposit
accompanying
The
Dec. 31/1945. his bid'will be returned.
successful bidder will be furnished
fund'warrants, all
Maintenance
$2,000 on June 15, 1957 to 1961.
Legality approved by Charles &
Truaernicht, of St. Louis.
;
to
FINANCIAL CHRONICLE
THE COMMERCIAL &
706
s
.
3/
$641,950, iy4s, and
100.31
$400,000, Is
Otis &
Co.,
John Nuveen &
Co.,
aine, Webber, Jackson & ;■
Curtis,
'
;
_
Tox, Reusch & Co.,. and
Wm. J. Mericka &
jointly,
For
Co., Inc.,
-
$1,041,950, iy4s.—100.894
%
'
Middletown
Sch.
$75,000 was approved
the Board of Education..
Co., Inc., of Toledo, as
lV4s, at a price of 100.184, a basis
of about 1,234%.
Dated Jan. 1,
1946.
Denom. $1,000. These bonds
are due on May and Nov. 1, from
1947
to
1971, inclusive.
Other
bidders, for 1V2% bonds, were as
follows: /■
:l
' *
by
'
Mt. Gilead, Ohio
'
Passed—The
Ordinance
Bond
Council
Village
passed
ordi¬
an
recently providing for the
Issuance of $105,000 first mort¬
nance
,
Bidder
,
water works bonds,; '
gage
'
Bond
Dec.
13
f Price Bid
Braun, Bosworth & Co.,
Passed
Ordinance
S'-:
J.: A. White & Co. .J—J—102.239
j} Nor woodt zQ hi
Q
&
Harris
On
—
_102.655
Inc.
the
City Council passed
OKLAHOMA
an ordinance calling for an issue
of $25,000 4%
equipment purrChecotah, Okla.
chase bonds. Dated Dec. 1, 1945.!
Bond Election Held — An issue
Denomination $1,000. These bonds
of $15,000 2Vz% bonds was sub¬
are due $5,000 on Dec. 1, 1947 to
mitted to the voters at the election
1951. Principal and interest pay*?
held on Jan. 29: These bonds are
able
the
at
First
National i Bank,
described
tax levies
Ohio
(State of)
bonds.
.
'i
,
total $11,126,587. This total
higher than the combined levies
Oregon cities in any pre¬
vious year, exceeding last year's
levy by $359,524. Increased costs
for
personnel;
materials
and
equipment, increased population
demanding an extension of serv¬
ices, and special levies on post¬
war reserves, combine to account
for the increased budgets in many
is
bonds.
»
-
..v.;.;.--. .'.■■■■.yyV'jv-*,V?v.-
,
Chickasha, Okla.
■
* Strong demand for Ohio munic¬
ipals continues to prevail and bids
for the dwindling supply continue
;
to rise.
for
10
Bond Election—An issue of air¬
port bonds amounting to $70,000
will be submitted to the voters at
Our index of the market
the election to be held
lower
grade Ohios set a
hew high today at a yield of
1.33%, compared with a yield of
i.37%
;
with
a week ago,
the previous
cities
index
for
all
20
bonds
be submitted
An
issue
of
to the voters at the
election to be held
on
Feb. 19.;
Erick, Okla.
rose
yield of 1.22% a week ago
to 1.19% today.
r The
sale, todays { Jan, 30) of
$400,000 ^eer Park School Dis¬
trict, Hamilton County, bonds due
1947-68 as 1 y4s at 101.863, set a
pew all time high- fortissues of
Bonds Voted—An issue of water
a
,
this
—
voted at the election held
Bond
;
bonds
tory
Okla.
on
25,000 cemetery annex and office
Feb.
*
bonds
.
7.^
t
Bond
Election
25,000 fire truck purchase bonds
9,000 sewers bonds
*12,000 pavipg bonds ' •
^
,
; 8,000
city
hall
,,
improvement
bonds
I - 6,000 police. station bonds
.'
,
f
Held—The
voters at the election to be held
Feb. 26.
fol¬
a
City
to
program
refund the bonded indebtedness of
the City. -The City has now outStanding special assessment bonds
amounting to $3,600,000;
Shawnee^ Ohio
f Bond Offering — Harold Man¬
ning, Village Clerk, will receive
pealed bids until noon on Feb. 9
for the purchase of $5,000 water
works bonds, not ; exceeding 5%
.interest.
Denom.
undertaking and the initial
authority is ex¬
pected to amount to $1,500,000. ?,
bond issue of the
be
to
new
dormi¬
constructed
service
the
than A1550.
Due
delivered
105 %'
Dated March 1, 1946.
$500.
These bonds are
.due $500 on Sept. 1, 1947 to 1956.
Rate of interest to be in multiples
•of Va of 1 %. No bids for less than
.par and accrued interest.
Enclose
ta certified check for $50, payable
buildingfbonds ramoimtiri£;tb
$28,000, not exceeding 5% interest
was
submitted to the voters at
election held
on
Jan. 29.
the.
Bond
,
of interest in
rate
y4 of 1%.
the
multiple of
partment of Internal Affairs. The
approving opinion of Burgwin &
Churchill, of Pittsburgh, will be
furnished. # Enclose
a
certified
for
$200,; payable to
the
Borough.
of
RHODE ISLAND
*
porary
$100,000 tem¬
notes offered for sale on
Jan.
29—v.-163, r p. 515—were
Bond Sale—The sewer and sew¬ awarded; to the .First National
treatment plant bonds amount¬ 'Bank of Boston, at a discount of
ing $1,300,000 and offered for sale 0.45%; ; DatedJan.
29,
1946.
Bonds Voted — The proposition on Jan. 24—v. 163, p. 240—were Denoms. $25,000, $1,000 and $5,000.
awarded to the Union Trust Co., These notes are due on Nov. 7,
to purchase the Peoples Water
Gas Company by issuing the fol¬ of Pittsburgh, as Is, at a price of 1946. {Other bidders were as fol¬
.*
lowing bonds amounting to $675,- 102.214, a basis of about 0.842%. lows;
:
Bidder— '
Rate
000 was approved at* the Jan, 21' Dated Feb. 1, 1946. Denom, $1,000.
These bonds are due on Aug. 1, Boston Safe. Deposit & Trust Co._ 0.457%
election:
*
4.
Lee
OREGON
,
.
Coos
Say Water District
Commission, Ore.
age
*
•
$400,000 property purchase bonds.
275.000 property rehabilitation
bonds.
Jrom 1947 to 1975.
Other bidders
for 1% were as follows:
Bidder
;
Price Bid
Harris Trust & Savings
Higginson
Sparrow
Leavitt.
&
&
Corp.—_
Co.
Co.--—-—r——
0.465
472
0.48
,
Bank, Chicago,.
Charleston County (P. O. Charles
Bond Offerin^Pred k iGiith-; Drexel & Co., and
ton), S. C.
ery, City Recorder, will receive Equitable Securities Corp.,
Bond Election Proposed — An
sealed bids until 7:30 p.m. on Feb;
jointly ^_^i^;-__a.^_^il0i.527. election was
to the Village.
proposed to submit
15 for the- purchase of $55,000 Mellon Securities Lorp.,
to the voters an issue of $1,000,000
'Washington Township Local Sch. water bonds. Dated April 1, 1946.;
Pittsburgh,
public improvement bonds.
Dist. (P. O. Centerville),
^
Denomination $500; Due $2,500 in| Stroud & Co.,"
J
Ohio
Chesterfield County (P. O. Ches1947 to 1968.
Optional on any- A. Webster Dougherty & Co., v.
;
and
Bond Sale—The building bonds interest date on and aftei* 1956.'
terfield), S. C. ■ ■ 'M: '": '
Bond Offering—John R. Rivers,
amounting to $200,000 and offered Bidders to name the rate of inter¬ Singer, Deane & Scribner, U ■
jointly
I-_-_101.238 County Treasurer, will receive
for sale on Jan. 28-rv.T63, p. 363 est.
$25,000 of said bonds to be
sealed bids until noon on March
i—were awarded to Braun, Bos- delivered as of April 1, 1946, and Harriman Ripley & Co., Inc.,
W. H. Newbold's Son & Co.,
22 for the purchase of $200,000
worth & Co., Inc., as l^s, at a $30,000 as Of July 1, 1946. Princi¬
and
refunding coupon bonds.
Dated
.price of 100.566, a basis of about pal and interest payable at the
April 1, 1946. Denomination $1,1.20%.
Dated
Jan.
15,
1946. City Treasurer's office; The pur¬ Schmidt, Poole & Co.,
000.
Due
April 1, as follows:
chaser will be furnished with the
jointly
"Denom. $1,000.
-——-—--5- 100.966
These bonds are
$8,000 in 1947 to 1950, $9,000 in
due from 1947 to 1969.
The next approving opinion of Jesse Crum Kidder, Peabody & Co.,
1951 to 1954, $10,000 in 1955 to
of Elgin, that the bonds are. bind¬ Blyth & Co., and
^
highest bidder was Ryan; Suther¬
1958, $11,000 in 1959 to 1962, and
land & Co., for iy4s, at a price ing general obligations of the City, Lee Higginson Corp.,
or in lieu of which the purchaser
jointly
-^-^.-—100.9199 $12,000 in 1963 to 1966. Registerof 100.45.
able as to principal only. Principal
may, at his option* secure an opin¬ Phelps, Fenn & Co.,
and interest payable at the Chase
Washington Township Local School ion, from his own attorney at his R. W. Pressprich & Co.,
District (P. O. Dublin), Ohio
National Bank, New York City.
own expense.
Enclose a certified Eastman, Dillon & Co.; and
Each bidder may have the privi¬
Band Sale
The school bonds check for $1,000, payable to the Rambo, Keen; Close &
;
lege of naming three coupon rates
;
amounting to $100,000 and offered City,
&V'v^.};;i^
JKerner, jointly
.
.
v
_ -
,
the County.
Enclose
■
a
_-^r^^-^)0d.9199
.'-'■■is r
a-:;-
V
cer¬
$4,000, payable to
SOUTH
DAKOTA
Elkton, S. D.
v
Bond Offering
-
J. W. Cross,
City Auditor, wil receive sealed
bids until Feb. 11 for the purchase
of $60,000 semi-ahnual, plant sew¬
er bonds, not exceeding 2% inter¬
est. Dated Jan. 1, 1946.
These
bonds are due in 1961, optional in
1954. These
are
—
the bonds author¬
ized at the election held
on
Jan.
15.;
/v:;.TENNE$SEE,.:--"r'1
•
Trenton/ Tenn.
Bond Offering—James O. Bark-
;
er,
Mayor, will receive sealed and
oral bids until 2 P. M; on Feb, 15
'
■
for the
purchase of $150,000 indus¬
trial coupon bonds.
Dated Jan. 1,
.1946, Denom. $500. These bonds ;
are
due on July 1, as follows:
$5,000 in 1948 to 1964, $10,000 in;
1965 to 1969, and $15,000 in 1970.
The option to call and pay, prior :
to " their
maturities of the
bonds
maturing on and after July 1, .:
*1952, at par, is reserved to; the City, but no bonds shall be called
ior payment prior to July 1, 1949;
and, thereafter, should any of said
bonds be called for payment prior
to the maturities mentioned they
may be called in the inverse order
of their serial numbers, that is, the {
highest outstanding serially numbered bond may be called for pay¬
ment prior to a bond of a smaller
.
serial number.
It is suggested that bonds ma- \
turing in 1948 to 1952, bear inter¬
est at 4%; bonds maturing in 1953
;
to 1957, at 3%; bonds maturing in ;•
1958 to 1961, at 2y2%; bonds ma-
turing in
1962
.
1966, at .2%;
to
bonds
at
1%%;
maturing in 1968 and 1969,
;:
1%%; and bonds maturing in
.
1970, at 1%; but bids -will be re¬
ceived at different and other interest rates, all of
which will be
{
r
considered in determining the best {>
No bid will be received for
bids.
less than par
Enclose
a
and acceded interest.
certified check for 5 %
of the amount bid.
-
These bonds
originally offered for sale on
were
Jan. 24.
;| TEXAS.;';Corpus Christi Indep, Sch. Dist.,
•
.
Texas
i Bond Election—An issue of 2%
construction
and
site:
purchase
to
$3,000,000
..
.
;
case
■
bonds maturing in 1967, at
■
,
pur¬
.
SOUTH CAROLINA
Elgin, Ore.
,
to
.
Newport, R. I.
Abington Township (P. O.
1
Abington), Pa.
contract
deposit accompanying his bid
M.
is subject to approval of the De¬
check
the
tified check for
P,
The sale of the bonds
Note Sale—^The
\
a
under
will be returned.
un¬
(EST) on Feb. 11 for the purchase
of $10,000 general obligation cou¬
pon bonds.
Dated Feb. 1, 1946.
Demon. $1,000.
Due $1,000 Feb. 1,
name
type and char¬
same
chase the bonds and in such
the
Pittsburgh j, Pa.
Bidders to
•
election, be relieved of his obligations
amount
receive sealed* bids imtil 9 A.
1947 to 1956.
un¬
the successful bidder may, at his
higher
1, 1943.
1983. The
principal
furnish the
expense,
acter shall be taxable by the terms
of any Federal income tax law,
not
Offering—■ James
PENNSYLVANIA
.
to
own
not
Grubbs^ Roxough S^retary.; will
on
Department
Higher Education.
an
the
of
T hornburg (P. O.
,
payable V to
1959
said
The bonds shall be direct
bonds of the
matured coupons attached, at the
Union Trust Co., Pittsburgh.
Feb.1 19,
An issue
1,
of
may, however,, be made contingent upon the unqualified approv¬
ing opinion .of any other firm of
bond attorneys, payment for such
opinion to be made by the purehaser.
The County agrees to
pay for the printing of the bonds.
In the event that prior to the
delivery of the bonds the income
received by private holders for
Dated May
tation and surrender with all
>
—
and
face value
qualified
approving opinion of
Samuel Want of Darlington. Bids
thereof together with interest ac¬
crued to Feb; 20,* 1946, on presen¬
in Port¬
make the award of the bonds
May
numbers
the
general obligations of the County,
payable from unlimited ad valor¬
em taxes.
The County will, at
above bonds will be redeemed at
bond
is estimated
will be
bear
lower than A344
the
The total available annual
to
called
bonds
1946, but reserves the
right, to reject any or all proposals
election held on Jan, 29:
received. - The
approving legal
$4,950 site- purchase bonds.
opinion of Chapman & Cutler, of
4,950 construction and equipment Chicago, will be furnished the
/ bonds.
KS, successful bidder. A prospectus"
These bonds are due in 15 years. and further information may be
obtained from H. A. Bork, Comp¬
Osage County Independent School troller, Oregon State Board of
y District No.
II (P. O. ,;
Higher Education, Eugene.
En¬
Shidlcr), Okla,, ,w( ,,
close a certified check for $18,000,
of
Parma, Ohio
E. Reichert has requested the
to the
land, eithef to the purchaser or
his designated agent on or about
April 1, 1946.
The Board will
lowing bonds amounting to $9,900,
not exceeding 3 % interest were
submitted to the voters at the
Bond Election Held
Asks Debt Refunding—Mayor R.
Council to consider
and Federal governments are ex¬
pected to contribute financial aid
semi-annual
than
sidered.
its
mation of the above authority for
the purpose of undertaking an
.
2%
improvement bonds amounting to
$720,000 will be submitted to the
-
the
less
bonds, plus interest accrued prior
to delivery at the interest rate
named in the bid, will be con¬
Formation Recommended—For¬
D.
.
Bond Election—An issue of
on
Charles
County, to be determined by com¬
puting the total interest on all of
the bonds to their maturity and
deducting therefrom the premium
bid, if any. No bid in an amount
Pennsylvania
-.
Painesville Sch. DisL, Ohio
«
Allegheny County Sanitary Dist.
Authority (P. 0.( Pittsburgh),
be obtained from the
sale of
income
bonds
;
*
;■
re¬
conservatively
to be $71,270.40.
Bonds may be
redeemed by the State Board of
Higher Education on any interest
payment date on or after April 1,
1950, in accordance with terms
stated
in
the
prospectus.
The
j
.
can
building
issue
'.p Marietta School District, Okla.,
r
84
bonds, and
in addition by a pledge of the net
income from two existing dormi¬
to the voters at the election held
*
have
shall
from the
tories.
$65,000 incinerator bonds. \
—
net income from
net
held in
be
to
Halsey, Stuart & Co.,
Hemphill, Noyes & Co.,
Bioren & Co., and
Thomas & Co., jointly .:_.100.459
in 11 cities. >
Offering
The highest
t
...
—
Bond Election—An issue of mu¬
election
and
Sons,
prospectus.
Issued pursuant to
Oregon Compiled Laws Annotated, ',i. Latrobe Municipal, Authority, :
title 111, Chapter 41, as amended
by Oregon Laws, 1945, Chapter 93.
Bond Call
F, P, Underwood,
Both principal and interest. are
Chairman of the Authority, calls
payable at the office of the State for
payment on February 20, 3%
Treasurer, Salem.
Bond service series
A, water revenue ; bonds
will be secured by a pledge of the
amounting
to
$1,207,000.
The
nicipal hospital construction and
equipment bonds amounting to
$100,000, not exceeding 6% inter¬
est 6% interest, will be submitted
primary
May:
96,
rate
coupon
the lowest net interest cost to the^v
100.919
.
Graham, Parsons & Co.,
v:
Dolphin & Co., and
Newburger & Hano,
jointly
-..100.829
principal retirements over a 23year period, the dates and amounts
22.
Fairfax,
in
same
same
bidder will be the one who offers
....
over-all sewage disposal system in
the county has been
recommended
(PST) on Feb. 18 for the purchase
by the Board of County Commis¬
of
dormitory
building ; ■ bonds
sioners and preliminary plans to
amounting to $900,000, not exceed¬
implement the. proposition have al¬
ing 2%% interest. Dated April 1,
ready been taken. Both the State
1946.
Denomination $1,000.
The
Jan.
on
Painesville, Ohio
'
Bond Election—The following
bonds amounting to $150,000 will
be submitted to the voters at the
"
decreased
in
the
of
must be consecutive.
Corp.,
E. H. Rollins &
Oregon State Agricultural College
(P. O. Corvallis), Ore.
works,:i sewer and street bonds
amounting to $50,000, not exceed¬
ing 4%. interest, was favorably
type,
increased
rates
mained the
of which
pool, sewer ..disposal,
settling plant and water system
bonds amounting to $539,000 will
high for this
April, 1945.
The index for 10 high grade Ohios
also rose, from a yield of. 1.07%
a week ago
to 1.05% today, and
from
Feb. 13.
on
and compared swimming
index of 1.34% set in
the
Election
Bond
Tax
levy.
_ .. .
First Boston*
cities and for the all-time high tax
Claremore, Okla.
,r
j ointly
multiples of Va of 1% but all
bonds
receive sealed bids until 10 A. M.
;
-
in
Sheridan, Bogan Co.,
of all
Secretary of the:; State
Board of Higher Education, will
8,500 water system improvement
White & Co., Cincinnati, reported
on Jan. 30 as follows:
-
fiscal
Byrne,
$6,500 fire fighting equipment
Bond Prices at New High-^-J.; A.
Higher—City
1945-46
year
Norwood.
'
the
Charles Clark & Co., and
follows:
as
for
707!
Stein Bros. & «Boyce,
Mackey, Dunn & Co.,
Moore, Leonard & Lynch,
Oregon (State of)
.
Local Tax Levies
Stranahan,
to
awarded
—were
Issue
ing to
118
for sale on Jan. 14—v. 163, p.
Ohio
Dist.,
Approved—-An is¬
of athletic field bonds amount¬
Bond
sue
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4401
Volume 163
bonds
will
at
23.
amounting
be
an
submitted
to
the
voters
election to be held on Feb.
3^
120—were awarded to a syndi¬
composed of the Commerce
; Union
Bank, of Nashville, Rau¬
Refunding of Bonds Approved—
scher, Pierce & Co., of Dallas, Co¬
On
Jan.
14, the Commisioners
lumbian Security Corp. of Texas,
Court approved the refunding of
of San Antonio, McDougal & Con¬
$6,000,000 district bonds. The new
don, of Chicago, R. J. Edwards,
bonds will bear an interest rate
Inc., of Oklahoma City, and Walof 11A% and will run until 2005.
'ter, Woody & Heimerdinger, of
Hates
of interest will
increase
Cincinanti; at a price of 100.174, a
gradually to a maximum of 2%./>, net interest cost of
1.535%, as fol¬
Dallas County (Pi O. Dallas),
lows:- For $563,000 maturing Dec.
Texas
■'r\ 15, $23,000 in 1946 and 1947, $24,Bond
Election Expected—The 000 in 1948, $25,000 in 1949 and
County Commissioners are
ex¬ 1950, $26,000 in 1951 and 1952,
pected to call an election on Jan. $27,000 in 1953 and 1954, $28,000
29 to submit to the voters an issue in 1955 and 1956, $29,000 in 1957
of court house bonds amounting and 1958, $30,000 in 1959, $31,000
in 1960 and 1961, $32,000 in 1962
to $3,000,000.
and 1963, $33,000 in 1964, $34,000
Fort Bend County Road Dist. No.
in 1965> as 2s, and $377,000. matur¬
\
11 (P. O. Richmond) / Tex.
ing Dec. 15, $34,000 in 1966, $35,Bond Sale Details—The $200,000 in 1967, $36,000 in 1968, $37,000
-000 bonds offered for sale
re¬
in 1969 and 1970, $38,000 in 1971,
cently and awarded to Crummer
$39,000 in 1972, $40,000 in 1973 and
& Co., and Rauscher, Pierce &
1974, and $41,000 in 1975, as 114s.
Co.,
both of Dallas, jointly —
Dated Dec. 15, 1945. Denom. $1,000
v.
162, p. 2999—were sold at a
Other bidders were as follows:
price of 100.091, a net interest
BidderJ
Price Bid
cost of 2.59%,
and include the
John Nuveen & Co.,.
following:
\ ;
;~< ^
>.
Dallas City
and County Levee Imp.
No report was available
with respect to the
p.
the
Due
from 1946 to 1965.
Nov. 10,
Otis &
Co.,
:
*
/
Largest
Buyers of Municipals—In a cir¬
As
Continue
Banks
I
cular
just issued under the cap¬
tion of "Who Are the Buyers of
which participated in
bond issue awards dur¬
ing the last six months of 1945.
the
banks
the major
than par
crued
Local
/t;//-;/, ^
Treasurer, ' has
City
that
he
has
called
Collier,
L.
Called—H.
Bonds
the
"h
announced
for
following bonds:
payment
interest
check
fied
bid
'
//.v.'.On January 24
Thirtieth Ave., S.
W., Dist. No.
5419, No. 8. Alley, Blocks 38 and
39, Carleton Park Addition, et al.,
E. H. Rollins & Trust Co.,
held
,
•
v
Laredo, Tex.
Voted
Bonds
Bonds, Sold —President J. G.
Flowers, has announced that the
$300,000 dormitory and renova¬
'
issue
An
*—
of
tion bonds have been
purchase and operation
bonds amounting to $695,000 was
favorably voted at the election
"held' on Jan. 8. /
/ ■; ,
bridge
bonds
approved
were
on
Nov. 23.
liams,
City
Secretary,
has
an¬
City will receive
sealed bids until 2 p.m. on Feb. 28
for the purchase of general obli¬
gation bonds amounting to $1,500,000.
These bonds are part of the
Bonds
County (P* O. Dumas),
amounting to $100,000, is¬
1, 1921, maturing in
30 years, is called for payment on
July 1, 1946.
issue
Purchased—An
of
county hospital bonds amounting
to $225,000 authorized at the elec¬
tion held
on Dec. 1, 1945, was pur¬
recently by R. A. Under¬
chased
wood &
Co., of Dallas, as follows:
maturing Nov. 15, $15,000 in 1946 to 1951, $7,000 in 1952,
$8,000 in 1953 as l^s, and $120,000 maturing Nov. 15, $15,000 in
1954 to 1957, and $20,000 in 1958
to
1960, as l3,4s. Interest M-N.
Dated Dec. 15, 1945.
Denomina¬
tion $1,000.
Principal and inter¬
$105,000
est
payable at the Mercantile Na¬
tional
Bank,
represent
tion
a
Dallas.
Said
bonds
full and direct obliga¬
the
of
entire
County,
pay¬
able from ad valorem taxes levied
within
the
law
all taxable property
limits
prescribed
by
with¬
Legality approved
McCallr, Parkhurst & Crowe,
on
in the County/
by
of Dallas.
-
- Nacogdoches, Tex. :
Bond Election—An issue
/.../V
•
creational bonds
.?>
of
re-
amounting to $60,-
000 will be submitted to the voters
at
an
election to be held
f UNITED STATES
United States
Housing Authorities
Sell Notes
Co.,
on
York, headed a nationwide
group of banks in the purchase of
$24,395,000
of
the
$30,347,000
notes offered for sale
Arthur, Tex.
local
of
housing
authorities
Housing
Authority,
La., $245,000 Montgomery Housing
and
$105,000
Tuckahoe
Housing
Authority,
N. Y., notes, at ,62%.
Plus small
Authority,
Ala.,
premiums.
The
Central
Hanover
Bank
&
Trust
Co., of New York, was the
successful bidder for the $394,000
Eighth Series,. Richmond Housing
Authority,
Va., ; $1,258,000
San
Bernardino County Housing Au¬
thority,
Cal.,
notes,
at
.58%,
$650,000 Richmond Housing Au¬
thority, Cal., $492,000 Scranton
Housing Authority, Pa., notes, at
.59%,, and
$195,000 Brownsville
Housing Authority, Tex., notes, at
.65%. Plus small premiums.
The Bessemer Trust Co., of
Jer¬
the successful bid¬
Bond Offering—Robert L. Coo¬ der, for the $675,000 Fort Smith
per, City/Manager, will receive Housing Authority, Ark., notes, at
sealed bids until Feb. 5 • for the .58%, plus a premium of $8.50,
purchase of Seawell and Break¬ $563,000 Clackamas County Hous¬
water bonds amounting to $2,200,- ing Authority, Ore., notes, at .59%,
000.
a
These bonds are being offer¬ plus
premium of $7.50, and
ed subject to an election to be held $357,000 Fayetteville Housing Au¬
on Jan. 26.
thority, N. C., notes, at .60%, plus
a premium of $6.50.
San Antonio Junior College
R. W. Pressprich & Co., of New
District, Tex.
York, were the successful bidders
Bond
Valorem
Sale
tax
—
The
$940,000 Ad
construction
offered for sale
on
bonds
Jan. 22—v. 163,
dates called.
on
apply on
bonds: Dis¬
4; District No.
3602, Nos. 42 and 43:/'
Seattle Local Imp.
sey
City,
for, the
was
Richmond
Housing Authority, Va., notes, at
.58%, plus a premium of $37.00.
Ninth
Series,
Dists., Wash.
Called—H.
L.
Collier,
Bonds
City
Treasurer,
announced
has
Southwest,
that the 36th Avenue,
expendi¬
expected practically to
double, during 1946, expanding at
a rate greater than any previously^
recorded, the Bureau of Labor
are
Department
Statistics of the U. S.
The
of Labor announced on Jan. 5.
unprecedented gain anticipated in*
coming year will be apparent
the amount of rponey
spent but also in the physical vol¬
ume of private work put in place,
the*
not only in
it
stated
was
by the Bureau's an¬
nouncement which also said:
Fund—The city expects to have a
$500,000 for use during the com¬
ing year, the National Association
of Housing Officials reports. Last
Milwaukee ;/ common
appropriated $250,000 to
newly-formed housing
au¬
thority of Milwaukee "to start the
fight to eliminate blighted areas."
Since the money was not spent
during the year, it was held in
reserve for the authority.
There
is every indication, according to
the Association, that the sum will
be increased by an equal amount
in the new city budget.
year,
t the
council
the
*
CANADIAN
'
-
SECTION
;
ONTARIO
Belle River,
Purchased
bonds amounting
Ont.
—
An issue of
to $100,000 was
purchased recently by the Goulding, Rose & Co., of Toronto. These
bonds
described
are
Water
as
follows:
Works, bonds, $42,500,3%
15, as follows: $3,500 in
Due Jan.
1947, $4,000 in 1948 to 1951, $4,500
in 1952 to 1955, and $5,000 in 1956.
Wate,r
Works
Bonds, $57,500
3l2%. Due Jan. 15, as follows:
$5,000 in 1957 and 1958, $5,500 in
Improvement District No.
5583, bonds Nos. 1 to 3, are called
for payment on Jan.. 5,
at his
office.
Cash is also available to
the following matured
District No. 4470, Nos. 18
turity, on 30 days' notice, at par
and- interest in reverse order of
Local
on
bonds:
and
District
19,
No.
3807,
No.
1129;VDistrict No. 4009, No. 52;
No/
District
3541,
and
52,
No.
District No. 4057, No.
35.
•,
(PST)
of
sealed
on
water
ing
City
until
4
312 % water main and school con¬
p.m.
struction bonds amounting to $34,-
Feb. 19 for the purchase
bonds amount¬
revenue
of two
non-optional/ The
other
specifies the same maturities but
provides for optional retirement
of all or any part of the bonds on
Jan. 1, 1956, or any interest date
thereafter on 60 days' notice. Bids
may specify more than, one inter¬
est rate, expressed in multiples of
1961,
one-tenth
or
% of 1%/-'V.."--m
WEST
J;/.
VIRGINIA
County (P. O. Parkersburg), W. Va.
Bond Offering—Lloyd
H. Whar¬
Secretary
of the
County
Board of Education, will receive
sealed bids until 11 a.m. (EST) on
ton,
Feb. 26 for the
000
1%%
St. Clair Beach, Ont.
Purchased
An issue of
will
plan specifies semi-annual matur¬
ities from July 1, 1955 to Jan. 1,
Wood
4
Bonds
$785,000 under either or
payment plans. One
to
both
bids
Principal and interest
payable at the Provincial Bank of
Canada, Belle River. ,
,
.
Tacoma, Wash.
/•
Bond /Offering—The
receive
1959 to
maturity.
purchase of $800,school bonds.
Dated
Jan.
1, 1946. Denomination $1,000.
Due Jan. 1, as follows: $19,000 in
211.89
was purchased recently by
Goulding, Rose & Co., of Toronto.
Dated Dec. 15, 1945.
Due Dec. 15,
as follows: $2,916.27 in
1946, $3,018.34 in 1947,: $3,123.98 in 1948,
$3,233.33 in 1949, $3,346.49 in 1950,
$3,463.62 in 1951, $3,584.85 in 1952,
$3,710.29 in 1953, $3,840.16 in 1954,
and $3,974.56 in 1955.
Said bonds
shall be callable at any time prior
to maturity, on 30 days' notice, at
par and interest in reverse order
of maturity.
Principal and inter¬
est payable at the Canadian Bank
of Commerce, Windsor. :
:
.
vJ
QUEBEC
.
Cap de la Madeleine, Que.
Bond Sale—The 314%
ment
000
and
28—v.
to
bonds
improve¬
amounting to $117,-
offered
for sale
on
Jan.
516—were awarded
Paul Gonthier & Co., of Mon¬
163,
p.
treal, at a price of 100.05. Dated
Jan. 1, 1946. These bonds are due
on Jan. 1, 1947 to 1986.
The next
highest bidder was Lagueux &
Des Rochers, at a price of 99.17.
$18,000 in 1949, $19,000 in
St. Laurent, Que.
$20,000 in 1953, $21,000 in 1954 to
1957, $22,000 in
Bonds Purchased—An issue of
1958, $23,000 in 1959 to 1961, $24,improvement bonds amounting to
000 in 1962 and 1963, $25,000 in
1964 and 1965, $26,000 in 1966 and $86,000 was purchased on Jan. 14
1967,. $27,000 in 1968 and 1969, by the Royal Bank of Canada, of
$28,000 in 1970 and 1971, $29,000 Montreal, as 3s, 3%s, and SVzS, at
in 1972, $30,000 in 1973 and 1974,
a
price of 101.53.
These bonds
$31,000 in 1975 and 1976, $32,000
are due on Nov.
1, from 1946 to
in 1977, and $34,000 in 1978 and
1948,
1950 to 1952,
1979.
These are the bonds auth-4
1975.
,v
-
:
"Expenditures for privately fi¬
nanced new construction are fore¬
cast at 5.9 billion dollars, as com¬
pared with a preliminary estimate
of 2.7 billion dollars in 1945. New.
construction /.
expenditures
as
a
publicly financed as
private operations, will
approximate 8.3 billion dollars in
1946—about 80% more than the
estimated total of 4.7 billion dol¬
whole,
well
1961, $6,000 in 1962 to 1964
and $6,500 in 1965 and 1966.
Dated Jan. 15,1946. Denom. $1,000 and $500.' Said bonds shall be
callable at any time prior to ma¬
on
R. I., notes, at .59%, and $650,000*
Alexandria
Housing
Authority,
Feb. 5.
>\
ceases
Cash is also available to
Jan. 29—v.
Providence
/
municipal slum-clearance fund of
Bonds
26th
by a group
163, p. 120.' The issues
purchased by the group were as
follows: $18,408,000 Chicago Hous¬
ing
$4,987,000
Authority,* 111.,
bonds
.'<■
'
Wis. / ''
Expect $500,000; Slum Clearance
•
9.
w.j
Interest
apply
—The Chemical Bank & Trust
-
Port
of July
New
Texas
Bonds
,
.
bonds
sue
$5,894,000 issue authorized at the
election held on Dec. 11, 1945.
Moore
County, Wythe Sch.
Va.
Called—An issue of 6%
Dist.,
Wil¬
nounced that the
V
■
5481, No.
trict No. 3685, No.
Elizabeth City
Lubbock, Tex.
Offering—Lavenia
Bond
Ave. n.
5
February
No.
the following matured
.
"
On
District
sold. These
VIRGINIA
the
Wis.
*
/
City Treasurer
calls, for payment on Feb. 1, at
his office, water works mortgage
refunding bonds at, a price of 100.
,
(P. O. San Marcos), Tex.
on
,t.
of
•
Bond Call—The
■
election
2%
Marion,
/
•
the
for
0MM Milwaukee,
/
' On January23 \i /
Alley, Block 3„ H. E. Nelson's
Addition; Dist. No. 5536, No. 10.
-
..
at
calculated
be
to
for, payable to the Board of
Education.
v&V
,
17,1945.
and accrued interest. Ac¬
construction
Private
tures
WISCONSIN
Improvement Dists.,
Wash:
Dallas,
; '
1
\
road bonds. Due
MeClung & Knickerbocker,
from 1966 to 1970. '
Dist. No. 5418, No. 17. ; ,;
\
and
'
Dated Nov. 10, 1945,
Denom¬
Dewaf, Robertson &
/ />; Interest ceased on dates called.
ination $1,000.:
.
='."v..'; t■:; "ff
;/ Cash
is also available to apply
Pancoast, jointly,
on the following matured bonds:
For $254,000, 2s, $275,000,
;■
Hopkins County (P. O. Sulphur
Dist. No. 3495, Nos. 283 and .-284;
1V2S, and $411,000, 114s-.100.007
Springs), Tex.
■ ,/> '
Dist. No. 3711, Nos. 453 to
•
Bonds Purchased r—An issue of
(Net interest cost 1.70645%.) : > A
county hospital bonds amounting
Seattle Local Improvement Dists.,
Seabrook Independent School
to $125,000 was purchased recently
Wash.""
"
J"/
District, Tex.
Bonds
Called—H.
L.
by C. N. Burt & Co., of Dallas, at
Collier,
Bond Sale Postponed—The sale
a
price of par, as 2%s.
Dated of the school house bonds amount¬ City Treasurer, has announced
Jan. 1, 1946,'; These bonds are due
that the following bonds are called
ing to $150,000 originally sched¬
April 1, as follows: $3,000 in 1947, uled for Dec.
for payment::
-K M
21, 1945, was post¬
$5,000 in 1948 to 1952, $6,000 in
poned.
\' /I;
'J 'J On February 3
1953 to 1957, $7,000 in 1958 to 1962,
District No. 5567, Nos. 33 and
Southwest Texas State College
and $8,000 in 1963 to 1966.
Au¬
43.
34th Ave. West, et al.
thorized
;
cannot be sold at less
The bonds
WASHINGTON
Seattle
Nov. 10,
Nov.
During 1946
office, Charleston, or at the Chase
National Bank, New York City.
;
.
"
Gain in Construction
Today?"
Stranahan, from Jan. 1, 1946. The purchaser
Harris & Co., New York, state will be furnished with the final
that
banks
continue to be the approving
opinion of Caldwell,
largest buyers of municipal bonds, Marshall, Trimble & Mitchell, of
either for their own account or New York City/ but will be re¬
for trust fund purposes.
The cir¬ quired to pay the fee for approv¬
cular includes a tabular record of ing the bonds.
Enclose a certi¬
2%%
56,000
1
orized at the election held on Nov.
;13, 1945.
Principal and interest
payable at the State Treasurer's
Municipals
«
2lk% road bonds.
$368,000 Puerto Rico Housing
Authority issue.
„
$144,000
at press
sale of
time
cate
District, Tex.
<
Monday, February 4, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
708
-
:
/
for
as
lars for last year.
forecasts
"These
based
are
on
opinion that by the middle of
building materials, though
not abundant, will be in fairly
good supply; and that there will
not be a construction labor short¬
the
1946
during the year, except for
occasional scarcity in certain local
age
periods.
peak
during
areas
Ac¬
*
also of the
count has been taken
relatively low level of construc¬
activity at the end of the war
tion
the
with
together
period*
tre¬
mendous demand pent up
during
few years, particularly for
housing.
//■'—. - VV':'
"In the coming year it is ex¬
the past
pected that private work will com¬
prise around three-fourths of all'
construction activity. In 1945 pri¬
vate construction
counted
for
expenditures ac¬
quite two-thirds
not
of the total dollar volume.
By far
greatest part of the increase
in expenditures for privately fi¬
the
nanced construction will
f
n 0 n
residential
a r m
which is
reaching
in
occur
building,
expected almost to triple,
a 1946 figure of 3.2 bil¬
lion dollars. Nonresidential build¬
will rise from
ing
1.7 billion to
2.5 billion dollars, and
public util¬
from a
little
construction
ity
than
more
half
a
billion
to
billion dollars.
one
:/.
"Although construction of mil¬
itary and naval facilities came to
virtual standstill shortly after
a
V-J
Day, the prospects
that
are
the volume of all public construc¬
tion will approximate 2.5 billion
1946—23%
in
dollars
above
the
1945 level. Increased expenditures
for such projects as
schools, hos¬
sanitation facilities, high¬
roads, will more than
offset the decline in public funds
spent for war construction. High¬
way , construction
alone is ex¬
pected to rise from approximately
pitals,
and
ways
284 million dollars in 1945
million
to 875
dollars. /
V
; //
>
"The 1946 forecast for total con¬
.
struction expenditures, including
minor repairs, is about 10 billion
dollars—41%
greater
than
the
corresponding figure of 5.9 billion
dollars for 1945. However, in 1942,
when
construction
war
at its
was
height,
total construction, at 14
billion
dollars',
was
two-fifths
greater than the 1946 forecast.
"Approximately, 600,000
new
nonfarm dwelling units will be
1946. This is
started in
and
half
a
times
the
over
two
estimated
number begun in 1945; neverthe¬
less it is still below the post-de¬
pression high of 715,000: units in
1941.
,
,/.;■
•.
,
"An average
000
...
.
of
around
1,625,-
porkers will be employed
whole
the
construction
on
program
anticipated in 1946. It is expected
that employment will range from
about 800,000
during • the early
months
mum
of
of
the
year
1,900,000
to
in
a
maxi¬
the
peak
month of September. The needed
manpower
to
take
was
care
available in
of wartime
1942
needs-^
it will be available in 1946 to sup¬
ply
the
mands,"
urgent
peacetime
de*
.
@FedFRASER